Abbeyfield needs bigger surplus to upgrade

The Abbeyfield Society reported a turnover of £38.6m for the year ended 30 March 2012, an increase of 6% on the previous year’s £36.4m. The charity’s 23 care homes, offering 674 beds, generated £18.5m of revenues, while its social housing division, which comprises 128 houses accommodating 1,294 beds, contributed £14.5m.

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