1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard for Smaller Entities (the FRSSE)
(effective 1 January 2015), applicable accounting standards and the Companies Act 2006.

Turnover policy
All income is included in the Statement of Financial Activities when the Society has entitlement to the funds, probability of receipt and the amount can be measured with sufficient reliability.

Tangible assets depreciation policy
Tangible assets are stated at cost less depreciation. Depreciation is provided at rates calculated to
write off the cost of fixed assets, less their estimated residual value, over their expected useful
lives on the following bases:

Freehold properties (excluding land) - 1% straight line
Fixtures fittings and equipment - 10% straight line

Valuation information and policy
Investments are stated at market value at the balance sheet date. The Statement of Financial
Activities includes the net gains and losses arising on revaluations and disposals throughout the
year.

Other accounting policies
On 30 September 2016 the Abbeyfield Tunbridge Wells Society completed a transfer of engagements to Abbeyfield South Downs Limited. The net assets at the date of transfer were:

Fixed assets 1,037,528
Fixed assets investments 500,000
Debtors 562,955
Current asset investments 913
Cash at bank 60,111
Creditors (828)

Total 2,160,679

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

The net book value of freehold properties includes £284,053 in respect of Angus Lodge Trust.
Depreciation of £1,861 was charged against this asset in the year.

4Fixed assets Investments
The Trustees have undertaken reviews of the valuation of the property at 8 Cadogan Gardens, Tunbridge Wells at each balance sheet date based on the original purchase price of £397,850 adjusted
for changes in house price indices and a general review of market conditions.