REGISTERED COMPANY NUMBER: 05753897 {England and Walu> REGISTERED CHARfTY NUMBER: 1121992 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR GLASALLT FAWR- CAMPHILL CENTRE Bevan Bucklarhj LLP Chartered Accountants And StalutoryAuditor¥ Ground Floor Catdigpn House Casts Court Sw8nsea Enlerprise Park Sw8nsea SA7 9LA
GLASALLT FAYIR. CAMPHILL CENTRE CONTErirs OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Pag• Chi•f EMculv•'s Statem•nt Report ol th• Tru$tw8 2 to 9 Roport oltho Independent Audllorn 10 to 13 statement of Financial A¢livltl¢¥ 14 8tat¢ment of Flnandal Position 1S statsment ofCa¥h Fl 16 Not•s to the Statement of Cash Flow 17 Nots* to the FIn•Ill Stat¢mnts 18 to 28 Delailed St•tsmont of Flnan¢lwlA¢¢ivMIos 29 to 30
GLASALLT FAWR- CAMPHLL CENTRE CHIEF EXECUTIVES STATEMENT FOR THE YEAR ENDED 31 MARCH 21125 While it ha5 been a kny and ¢#ling year for 8veryone at Glasalll Fawr. it k4 difficult to Ignore some of thg undetyir dfficulties affectiTrJ care sector as a whole In the Uli primily local autty funding and re(xuttmenl issues. IM)ile we have iw) negotlallng vllth authorities for fee increases lh rofiect natronal Ing wage and infiatim costs. unfortunately, not all Local Authorib85 covar c08ts. A posthvo d•vèWnent lor Glasallt Fawr Ihis yew has bggn the appoinlnnt of a new Head of Care. who Jolned the team In May. Apart from working vAth and supportln9 the Regislwed Manag9rs in streamllnlng all p8peThth arnj do¢LThents. they have Introdu¢¢d some new initiallves, a co119a9ue cxJun¢il, monthly dropin s¢sslons and a SUggeSOn box. AJI have recelbd posttlve feadbad( from resldents and staff. At the beginning of December 2024, we wero sevwety affe¢t¢d by the stoTh Ihat swept the tt)Lmtry. It 18ft us with no electrrity for four days. A Ik yw goes to our dedlcated team of slaff who pulled together to SUPF>Ort our resldonts and kqop tt)em safv in very difficuli and challenging arLwmstan¢es. Fo&)wing thts, we m8dg th8 deciston to purchase and Install a stsndakjne ggnerator. This wii 5tth ¢n automalicalty during a pmr c98, ensuiing that all hOE remain po%ved. Duiing the year. have continued to WO on the devebpment of thg Arts & Craft5 Contre. Tho plans have be 3reed by Tnths. and b))kforward to r¢¢eiving tender5 and go9 the project underway. AJ)drèa Bonnott Chlef Execulive Page 1
GLASALLT FAWR- CAMPHILL CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The twstees are algo d1clOr8 of the thrity for the purposes of the Ccrfroanles A¢t 20(6, present thelr report the finant4al statèments of Ihè charfty for the year end8d 31 March 2025. The tnjstees adorAed the prOvIOnS of Accounting and Rep)rling by Charities: SL2tement d ReMMended Practice applcable to Char¢$ pr¢p4rin9 Iheir a¢0nts In aocordance with tho Financlal Reporting Standard applicable in the UK and Republlc of Irnd {FRS 102) (effecdve 1 January 2019). OBJECMVES AND ACTMTIES Ytho we are Glasallt Fw Comphll Centre Is a resldential ¢are hcrfne siluated on a 904ry9 farm. Glasallt Fawr became an Indgpendgnt charity in July 2006. but it reffias part of Camphill movawnt. The Camphlll philosophy is that no Matt what a per,5 outward dsabllity may app8ar to be. the $piril - th& essènllal cowe that mak8& us all human - alway8 r*mains wb)18" therefore, everyone 1$ deseryirvJ of equal respect and opportunilies In life so thot they may be able to fulfil theif Potenllal. Hlstorf¢alSy, many Gar6rs thIn Camphll were voiuntsers who chose to do ther wrxtt, not 4$ 8 Job but as a way of fe. Today. care at Glasallt Fawr 18 provided by employed support Wknrs: th¢ phllosophy, heVer, maInS the same. Page 2
GLASALLT FAWR- CAMPfrNLL CEPItRE REPORT OF THE TRUSTEES FOR The YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTNMES What w• do GlasaHI Fawr Is a 90-au£ estate offering 24.hour residential care to adutts with le8mlng dlsabiltties. The eslale consists of four homes and a working farm. Tho residenfs day at Glasallt wjlll consist 01 atter¥Jing workshops and helplng lo wn the fami, which coukl indude feedlng animals, mucking out. ¢hecking the land. doirvJ repalrs and 05SiSting th6 famier dng the lambing season. Gardenlng WOTkshop5 are a very popular actsvity wlh our r88ldenLg. Planting, wateAng. haNesting and then o)oklng the hompTr)Wn food is a very rgwarding 8xpetiènce. Eath resKl8nl also has their own small 5ectM)n of Ihe gardgri they grow whatever they like. Glasaltt Fawr offers a range of YrkshopS that our Yesidents can participate N). kn and Crafts continue to be a popular Octivlty our residerrt5 producing amazing PCeS of arlvKKk that aro now on dlsplay in the Communlty Centre. Weav8ry swrkshops take place where items such as rugs bags and scarves are made. ohh6r for penal use or for sale at b)cal craft The houses operate a5 Small. home untts where residents ar8 involved fft al aspeGts of daily lrfe, from Chs$rE9 the colwr ef thor b8droom walls. assisting the slwping. cooklng forth8 household and cteanlng their own personal spa. Our residents have an active social lrfe wh¢r8 they attend a local church on a Sunday. sit the cinem8, Ioc81 pubs. Ihe thèat. swim, go horse riding and go shoppirYJ in the local towns. Resldents enY vobjnleering at bjcal businesses. Inthding shops and cafes. Some residents have gym mamberships in Ihe lelsure centre. and wo now offer keep fil dasses (m &te. We continue to Ltth"Ilse technology to enable redants to ¢omffiunicate with their f8Mllies, usirKJ lablets for d80 calts. WÈ c618brate Christlan fesllvals through(xrt the yeor: Sl Martins Day. Ea$ler and Advent are lust some. Allhough r•sid¢nts are 8ncouraged lo partICt6 in workshop5 aThl blsuro actiMlie5, they also have fre8 time to rdax and perhaps Ilslen to musi¢ In Ihdr own roorns. Qur aim is io provlde a g(d quality of kre for all resklents but remembedng Ihey are all inthidual$ who have IndNidual needs. like& and disllkes. We continue to malntsin a vary hlgh stsndard of care delivered to resldents, and this Is through employed suppcrt workers. Each residential home Is managed by a l$l¢red man•>r. 1 m8nag8rs ar8 qualified to acF 1gv81 S. Pffjfsssional, caring staff are SUPFQrted through eontlnuous trakn. Each year. all staff complete an individual needs tralning audi( whioh Informs an annual training pL9n. In addition to mandab)ry Irainlng, stsff revJive spedallst autlsm, epllepsy, learning dlsablllty. depdvallon of libety and mental ¢apadty Irantng. Staff are supported In obtainlng a QCF L8vel 2 or 3 qualifiGatron. Resldent health and medical issues are overseen by a local GP $urgory. Glasallt Fawr also r8clvos Invaluable suFport from the Community Team Leaming DbS8bdlty ICTLD>, whith compri$6s psythiaty, psychology. speeth & Lqnguag&, arml behavioural support teams. We are regulated by CIW and 8dhere to rwkJons (National mIrMum Care Standard5), The areas covered are general, registergd Peon8, conduct of the hoTh, premi508 and monagement We are g8neraty Insp8cts(J by CIW al least oncè a year, and the visii will bg unannounced. This helps u5 ensure that we mBinlain our high standard of care. Duving th19 financia year. an unannounced insp8Ction knk place in Aprl 2024. We maintsin conlact w((h our CIW Inspector rggularly via Teams meetings and t¢19phong c811s. W9 also adhere to other legal requiT8men15 in the fields of fire proteGtlon. health & safety. and food hygiene standard5. Families and Friends play an impothnt part at Glasallt. We have Fanlty Associaon meetings three times a year. This is an ory)rtunty for everyone to come together. catch on recent events. plaTb for the futurè and the deveh)pmerf of Glasalt. The Glasallt Fawr Family A3sacl4tton Conllnues to fundrAlse for C*sallt Fawr and actlveiy partictpates In our annual sumTner Page 3
GLASALLT FAWR -CAMPHILL CEfrifRE REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND ACTMTIES MISSION. STrATEGIES and VALUES It is (wr mission to pKYnole gcth heatth. provlde care, and advancè the deyelopmnt of aduks with disatAKtles. recognlshg the unmiueness of each indiiridual. We a80 seek to respo¢L vakJ8 and enhanr£ lh8 strengths and potonlial of each indmdual, folkwAng the concepts of R0]f Steiw. Our missw)n ststement At Gltsallt Fawr. we with our r•sldknts to dovek•p a r•vRrdlng way of lrfe by providing a homely ¢nvknnmont •nd offering meaningful WO and joylul acti¥itl•s. We pYovid¢ hIghIlty rosldwrtlal care thal meets thr physkal. 4motlonal, soclaL and ¥plrl¢ual needs. We alm to xhieve lh ty. meellng our residents. needs Ihrough wid1lu¥1 caro pIar. ensuring Ihat tho roshJ8nl * thg witre ofeverything that wp do" )mplying with kgls18tive and regulatory framoworks; having profes$hal earing. traned staff and ¥w1ng In partnership wth lik9Thminded organbsalions Ourcorn vatues: Sen$ibwty lo Individual Trd$, respectlng all abIle5. back1$. vaths and ujstorns. P8rson cerAred aPPToach. for our residents to find fuffilmenl of theiroN pelsonal potential. gnty. ensurng respecL compasslon and s9tsvIty. Resp¥Ing Othe vlews. thoices and decision$. Not to make assumptions about how pe wanl to be treated and ensuring all staff workwtth care and compassi. V81ued and respecled. peop should be hetpad and 5UPPOrted lo present themselve5 in 8 waythal makes them feel g¢JLx1 aboLrt themselves. Cho. gveryono shwld be I}ffer& chorces and hew Thke both major Ike and day to day dedsions. Rhts, everyone has the rhtf0 be Ired and supported uslng all oflhe above vae5. Fulfiknenl. thr(xJgh supw)rt and variws actbvities residents gain tr£ feet¥YJ of satisfaclion and happiness. Fun. Opptuni11es to have fun are an essential paFt of everydoy Ih. In the settlng of our c4>mmunlty. each p9wn is encourdged to contribute acc(Kding to thetr abllty and is. in lum. supported accordn9 to indivtthal neods are r(ndful of th8 duty to coryly with Sertton 4 of tho Chafities Act 2011 aTrJ the cha Commisslon's 9uidanr on put41¢ bene)11 when revlgwing our aims and objeclives arKI in pLgMing future activilies. Tho Irustees c*Jnsldor that the dwfttrf$ adlvities rellect our alms and obleclive$, and that they aTr deslwed to provldo SeiCe5 and actSvllles that bgngfft thg appropttate seGwof the public in anCe wtth our Charftablo actlvities. P&Je 4
GLASALLT FAWR. CAMPHILL CENTRE
REPORT OF THE TrUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
AGHIEVEMEKfs AND PERFORMANCE
Charltable a¢tlvlllg¥
During the year. we slrewthenod rJuT Senior Manag8m8nt Team 1th the appolntment of our Head of Care, j(xned th8
team r¢ May 2024. bringing fresh ideas 8r#J Introdu(ang great intbabves to thive continuous Improyement in care standards
for bolh our residents and staff.
An unannoun CIW inst*clton took place In June 2024 durfry Ihe fin#nc4al year. It was a poslllve IpeC, during thIh
the Inspector spenl tkng in the residentipj houses 8ThJ attended s
GLASALLT FAWR- CAMPHILL CENTRE REPORT OF ThE TrUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW R•8prve$ pollcy Th r•asons Ythy Iho ¢harfty needs re$•rv Tha Board. havtng reviewed the flnanclal poshion and a risk assessment belleves 11 Is both nocessary arKI approwiate to estsbfish eThe9 to ensure compb'ance with its obl'gation to act pnjdenty, be abl8 to meet all financial (x)mnNtments, malntain Ihe necessary standard and level of resident care and be able io meet the development needs. lo conlinue (yeratKJns for a sufficient period to find altemgtiw SOU of incomè there was a rpdudton In lundlng. Th• level (or range} of SerVeS the trustegs lIeVe Iho chwlty n•èds Th8 Board evaluates current and lutum Inm8 TTreS to ensure they align with planneLI oxpenditures and adequ81e meet dierrt noeds. To ft&lfil its commitments bolh now and in the future. the Board upholds a pollcy ol creating designated fvnds from its ggneral reIveS for speciftc obfjgalv)n5 and slratsgic gods. The folbvlng designated funds have len gSt8blshed: 1. Capital 8$8¢ts reserve £1.331.654 To dearfy Klenlify the value of genoral reservgs gvallable for contingencies, the Board has crgaled a capttal assets re that will be adjusted annually based on th8 value of pItal assets n&ded lo a¢hi6ve the charity's goals and not acosslbla for contingenGies. 2. Planned Improvements £130,OCil Established to implemenl planned improvem¢nls for the slte. Induding refUrbh[ng bathrooms. ins1alng new kllchens, enhan¢ing t•la¢oms, painting the houses, exteriors. and résurf8cing th9 driveway. 3. ProFety reserve £1,400,000 CTèat8d to fund the dovelopm&nt of new facilities, allowing Glasallt Fawr to offer knproved amenltles for cutrent mlderots and $upport more adufts with lèamlng dlsabllths In the future. 4. Fami Building £60,000 Created to covor tha $t of devefoping exlra lann wK)rkshop 8pac Alorysidé desionated reserves, the Board hos established 3 c4ili¢al $1 reserve to account for the long-temi Lx¥nmilfnent of providing housing and care for our rosidents. esu[li9 all d)ligation5 can be mel, and managlng hdentified rbsks. Currenlty, the charity has allocat a critkal cost reserve of £1,1)08.750. The cuffenl level of res•rv Deslgnated roserves havg been sat at the desired levels. General reserves are (ent £B6.534, up from £65,870 in 2024. Reslrfcled reserves, wherg a dorK)r has 8peLyfied that Ihe money is to b9 sp8nl on a particular project. or8 £55.604, compaThJ to £83.406 In 2024. st• to establhh or malntaln rewrv•$ •t th• agr99d I•vo1 OT rang• Wth strict expenditure control, 8ny eKtra unTgStrtcted Incom• g¢ner8ted as o¢wpancy increases tan Ihen bè uséd to bjikl and $u5tain suitable levels of general reserves. ATrangem•nts for monitoring and revlewlng th• pollcy The level of reswvès Is regularfy reviewed by the Boa. considerhvJ actsMI and forg¢ast inrne and expendlture. The 18rgel r¢servo level is also reowed annually as pwl of the pro¢888 of seltirg obiecb¥ès and preparing a budget, Page 6
GLALLT FAWR. CAhlPHILL CENTRE REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31 MARCH 2025 FUTURE PLANS Several aroas have beon identhfied for development and will become major goak for the year. - As a rural carE chaThty. we h8vg regularfy eXperIeAl i55ues wilh our Inlernet connecticn. In 2025, we plan to invast In our talecommunications infrastrJJ¢ture to provide Improved C•nnety for staff and residents. - To appoint a Constructr'on company lo begin Ihe tedevelopmeTht of our old stone buikjings, transfom)ing them into modem. putw3e4>uitt AJts & Craft Centre. - To inuease occupancy, filling the three remaining vacancies, tng resKlent nUrnb up lo 29. - To Increase the number of Trustee5 on the B08rd. the number of Trustees has gradualty reduced to six. Wo plan to reuuit new trustees, buildin9 on the 8xisting Skills of the Board. STrUCTURE. GOVERNANCE AND MANAGEMEwr Govemlng docurnent Glgsait FavK - Camphill Centre is 8 Charitabte Company Ilmlted by guarantee and is govemed by it6 Memorandum and Artides of Association. It was registered as a Charity wilh the Charity Commlsslon on the 17th December 2Crf)7. In lh9 evoftl of the Company belng wound up. membèrs aro requKed to t>)ntrbute an amount not exeding £1. The charity tre8 are 8180 ofthe Company for the purpose ofcompany L8W. Re¢rullm•nt ttnd apptsintrnent of new truyteeg The tharity may, by Ordinary Resolution, apwnt a pw50n wiling to ad as a Tw$t¢e lo fin a vacancy or serye as an additional trustee. At every AGM. one Ihlyd of the trusts85 sho1 rdre from offl¢e, and rotlrlng trustees are e1vaib for re-eledion. The Board of Trustees, whlth must have al leasl three members, Is responslble for esiabllshlng and OveeeIng the overam dire¢tion, pollcl88, and finan¢e8 of the ¢harfty. To sUpprt effective opgratbns. within the scop& of dolegalion approvgd by th8 Trustees, th4 Chlgf Ex8cuUvè Is ac¢ounlabiè for the day-l04ay management of the chartty and the ImplemtaOn ol ts polides S1 KYactir8s. Indu¢tlon and training of now trust••g Now tNstees receive Charity Commlsslon tnthction matori and are intrut£d lo the charity's woth and ot4e¢llve8, the C¥)nlènl of the Memorandum and Artlcles of Assoclabon, and thglr gaI respondblllti8s a$ Irustees. If they are not alrèady famllarwlth GL4sallt Fawr. they will also attend an induction sessbn. IIIBk mana9amont Glasalll Fawr ha$ dovèbped a rlsk management polcy whlch d¢sbe8 the procsses th81 are In piact to idenlify. assess arKI manage risk. The poliGy aims to #nsure: Th8 rfsk management policy is up-tdte an(i regulariy re•W8d All significant risks are Ident[ed and assessed in a register Relevanl actnS and controls are in place to manage those risks Rlsk management becomes a CDntinuous process th81 Is Intsgrated into the wi8ation and Its day-104Jay operallorns. Updated to thè risk register are reported lo the board at each meeling. REFERENCE AND ADMINISTRATIVE DETAILS Reglstsrod Company number 05753897 {ETrJland and Wales) R•gist•r•d Charlty numbèr 1121992 Rglstered offlce Glasalt Fawr Uangadog C8miarthen C8miarJhenshlre SA19 9AS Pag8 7
GLASALLT FAWR- CAkHILL CETrifRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARGH 1025 Tru¥tee$ Mr M D Wl¢kstegd Mr D l Boorer Dr C G Boorer Cha Ms C M James Mr M H Gough Rev Carn B J Wlthlngton Company Se¢r•lary MsHLLwA8 Audltors Bevan Buckland LLP Chartered ACuntantS And Statutory Auditors GTouryJ Fkx+r Cardlgan House Casue Court Swansoa Enterprise Park Swansea SA7 9LA Bonk•r• Nafvst Camiarthen Branch 56 Street Cannarthen Camrthen8lire SA31 18B Andrea Bennett Helen Lewis Lynne Miy)Jie Sian Gale Sian Davies Birgrt Walter Schmunkamp NiGky Coleman Cassandra Evans Chiel Executive Deputy cl Execulfve of Care Reuist8red ManageT Regislered Manager RegIered ManOr Faciliti85 Manager P8rsonalAssK8tant and Admin and Support Fillan Assistsnl A dedi¢8ted1oam of support sbvrkers prowde care and sut4)ort the r6sidonts in th8 r8sldential homes stefian Hughes InsFwlor {CaF Inspectoral9 Wolesl STATEIENT OF TRUSTEES. RESPONSIBIUTIES The trustees arè a0 the dirgctors of Gl8salt Fawr- Camphtll Centre for the purposes of company law) orè r•swtslbl8 for preparirrfJ Ihe Annual Report and the finan¢lal 8tstem)ts In acc4xdance writh appHc2ble law and Unit911 Kingdom AcceJJntlTrJ Standards (United Klngdom Generally A¢Gopt8d Accounting Pradcel Includlng FlnanGial Repothg Standard 102 Tr Financlal Rerng Stsndard appliGat4e in UK and Rewknlic of Ireland" Page 8
GLASALLT FAWR. CAMPHILL CEiifRE REPORT OF THE TrUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF TRUSTEES. RESPONSIBILmES- nthid Company law requires the trustsès to prepare financial statements for each Ilnandal year. Under that law, th8 have elècted lo prepare the financial statements in aco)rdan¢e wilh United Krylom Generally Actspled Anting Pradic8 (Unlied Klngdom A¢eounth)g Standards and applkable kw), Urnlor ¢cthpany law the Iwste$s must not approve the lknan¢lal statemenis unless they are satsfi thal they gfve a INe and fair 4iew of the stats of èffatrs of the chaiitsble company and ol the incomlng resources and applubon ol re8our¢os, Including the income and expenditure, ofthe tharitable ccrfnpY for thal period. In kwring those nar181 statements, the trust¢¢$ are requlred to Selt suitsble acMuntlng poloies and then apptythem consistenltr. obs8rye thg mgthtsls and incleS in the Charitio$ SORP. make ludgements and estimates that are ffjasonable and pnhdert. prepare the fin8n¢S8l statements on the gotng o)neem basis unkss It is iTrapproprfe to presuff that tho ¢harllablg npany1 continue in buslness. The tNslees are responsiblo for kooplng tffoper aCCntIng re¢d6 vthlch dlsclose wilh reasonable a¢tyJra¢y at any time frnncial Fosthjn ol the thaiitsbb company an¢1 to enatlg them to ensure that the than¢ial st8tem8nt& comY with thè Cowpantes Ad 2006. Ttw are a150 respCsIble fof $afewarding Ihe assets of the thariablo Mmpany and hence for taWn9 reasonablg steps for the prwention arKI detectknn of fraud and othw Irregularilies. In so far as Ihe trustees are aware: there Is no r¢lgvant audit In1rnt ofwhlch the charilth ojmpans audiiors we unaware; and tha twstees have tsken all steps Ihat they ought lo have taken lo make themsefves oware of relevant audll Infmllon and to e51atlbsh that the auditors are aware ot that InfoThath)n. AUDrroRS The auditor5. Bevan Buthknd LLP, wtll be proposgd for re-aFwintmenl at tho forthc(Thng Annual General Meeling. Tlys report has been prepared in aCecdanCe wlth the special pro610n8 ol Part 15 of the Companies Ad 2006 relathig tts small companies. Approved by order of Ihe bowd 0ftrUo5 on 18 Novemb¢r2025 and signed on ils behaw by, Dr C G Boorer. Trnstee Page 9
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF GLASALLT FAWR. CAMPHILL CENTRE Oplnk)n WÈ have autht8d the flnancial statèments of Glasalh FawT- Camphill Centre (the 'charitabk ¢ompanYI for Ihe yaar ended 31 March 2025 whl¢h ¢ompri$g the Statement of Financial Actiwti$$. the staterne of Fknancial Position, the Slalement of Cash Fbw5 and notes to the financial statemenls, including a summary of 5ignifi¢anl accounting pOe5. The finwdal reportlng fram8work that has been applled in their preparadon is ar¥)cab law and United KInJOrn Accounllng Slandardg (Uniied Ktngdom Generaw AccaFlod knounlrKJ Pfacticè}, incfuding Financial RewlDig StKlard 102 Yhe Finandal RepDrfing Standard alIcable in the UK and Republic of Ireland,. In ouropinion th8 finarKial statgments." glve a true and fair wew ol the stats of ts charitable CA)mpanrfs affairs a5 at 31 March 2025 aKI of incoming resoutces and applit2tbn of resources, indudlw Its and expendliure, knthe y8Wthan ended: have been propety prepared in accth8nce wlh lfjngdom Generaty Ac¢epled Accounting Pracaice. Induding Finandal Reporlwig Standard 102 The FinWl81 Reportlng Siandard applKabk in Ihe UK and Republic of Ireland" aTr have been prepared In ac¢ordanc wRh the requwpments ofthe Cfmpanles Acl 2006. Basis for opini¢)n We ¢onducled our 8udil in accordance bwth Intemattonal Slandath on Auditing (UK) IISAS (UKI) and applioble law. Our responsibilities under those staThlards are lurlher desctbed in Ihe jdI10rS, resp(Thibilitses for the audit of tho finandal stalem8nts section of our report. We aro independent of Ihe table rJ)mpany in aCInrdan wlth the ethical ]uirenwnts that we relevant to our audit of the finandal statements in the UK In¢ludlng the FRtrs Ethi Standth, and we have fuifdied ow other ethlcal responsibileS in acccxdm smth thosè rèquirements. We believe that the audit evidoncè we have oblained b suffidenl and appropriate k> provi< a basis forour oplnioft. Conclullons rnlatlng to going ¢on¢•m In audhing tho finala1 s(alements, we hav• ¢onGfuded that th• lYuste88' of the golrwJ nCeM basls ol accounting In the preparatlon of the financ181 statements 1$ appropriate. Based on the work we have Perf0Th. we have not identFfied any material uncertalnties relating to evenls or condltlon$ that, iliVIdUallY or collectivety. may cast Significant doubt on Ihe ¢haritable o>mpanls ability to continue 0$ a g(ing nc£M for of atloast ts¥efve rronths from vkngn thé financlal statéments are authorfsed for issue. Our re$r[bIlItIeS and Ihe respOnSlI1t of the tw5t th respgd t> orAng o)ncm are des¢Jlbed in thg relevant 8ectrons of ihls reporL Oth•r Infomiatlon The trustee5 are responslble for the other Infomi8tion. The other inknrmalion mpSeS Ihe information irKluded in the nual RèFrf other Ihan the financtal statements and r RepNt ofthe IndepondentAudllors thereon. Our onIon on Ihe financral stalements not cover the other lnfornwtK and, 8x¢8pt to the extent expllcitly stated h our re[rt, we do not express any form of assuranc• ¢onclusion thereon. In connection wlth our audit of the ffinanclal statsmènts. our resp0nslbl1 is to re1 tha other InfoatiOn . In doing so, con5Kler whother Ihe other informthn Is Material I)nSISte vrith the fwndal stalem9nt5 or wr knowledge oblalned In the audit or otheTwlse appears to be matertoly m15sts1ed. If wè Iden suth matsii81 inconsistenc$ or apparent material mi5Statoments, we are required trj detemilne ather Ihis gNes rise to a material ffisslatemenl in the finanGial statements themsefves. If. based on the vnk we have pknne. we condude that there 1$ a material mis51atement of this other infomatlon. w are requtred to repJrtthatfacL We have nothlng to report in this ward. Oplnlons on other matters prgsuib8d by the Companles Ad 20D6 In our opinion, based on Ihe work undertaken in the course of the audit". h)format given in the Rep(xt of the Trustees for Ihe finan(#d yaar for Wthich the finanGial staemerrts arn prepated 1$ consistent wllh the finanwl statèments: and the R8POrt of the Twstees has beon prepared in accordance wrth applicable bgal requirements. Pagg 10
REPORT OF THE INDEPENDENT AVDITORS TO THE MEMBERS OF GLASALLT FAWR. CAMPHILL CENTRE Mattors on which we #re requlr¢d to report by •x¢epUoD In the fight of the knowledge and undorstaThJing of Ihe charit8bfe company and ils enwronment obtsuwd the ccwrse of the au(r¢ have not Mknlifd maloTial $slatements In the RepDrtof the Twslees. We have nothing lo in respe( of foiknving mattw5 where the Compantes 21Y16 requires US to report to you if. In ¢)ur opmnion.. adequate acrx>un1ing records have not begn kepl or rgtums adequate for our aud51 have not been recelved from brathe5 not visitod by us; or the Iln8n¢ial stst¢m8nts ar8 not in 4reemenl with the arKounling recA>rd$ and tUTh," or certaln disclosures of Irustees, remunerallon speGffied by law are not madé,. we have not reGgived all lh& infornation and explanatknns we quIre for our audit,. the Iruslees wtre not enthtled lo tske advantage of the small companies exemptim from thè Nuirement to prep8re Strotegic Roport or prepng the Rep)rt ofthe Twstse& Responsibllllie¥ of Irujtees As exF4ain9d more fulty in ts Statemant of Truslee$' Responsibililles. the trustees {who are also thè dlrectors of the charitable cAnpanY for the purposes of company law) are responsible for the preparation of the financ4al statements 3nd for being salisTd 1hal they a true aYKI f8ir vlew. antl for internal control as the trustees deternne is rGessary lo enable tha preparallon of financial statements that are freo from rnateI misslatement. whèlhar due to fraud or error. preparing the ffftandal staloments. the trustees are respLThble frjr assessing Ihe ch8rflable company's abllk¥ to continue as a golro cOrM, di8¢losing. as appkable. matters related lo going conrAm and using the golng concem basls of accounting unloss tho tNstg9s eithèr intend to liqutdats Ih• ¢haritable c¢Knpany or to cease 0paratio, or have no reali¥ gltemalve to do so. Pagg 11
REPORT OF THE INDEPENDEpifAUDITORS TO THE MEMBERS OF GLASALLT FAWR- CAMPHILL CElE Ow rnsp•nslbllltl•$ forth• audit of thè finnclal statemènts Our obieclwes are to obtain reasonable assurdn¢è about wWièr the finanual ststements as a Who are fe from mal8Tial misstatement, due to fraud or error, and to i55ue a Report of the Indep81 Auditors that hiC1LoS our opinion. Reasonable assurance is a hlgh level of assurance. but És not a guarantee ihat an audlt conthded in accordance with ISA9 (UK) wil aNvays dets¢t a malerial mtSStatemenl when It exists. Misstatements can arise from fraud or eThor and are co[er9d material if. dividUallY or in Ihe aggregate, they coukl reasonably be experted to inllueno the economi¢ de(aslons of Use tsken on bas1$ of finartdal 5tstements. The extent to which our procedures are capable oldetsctlrrfj iryularib88. Incknling fraud is detailed btslow: Extent to whkh tho audll wa5 CQn5idered ¢¥pable of datecttng irr•gularltlos. Incluthng fraud We idwffj ar assess the rtsks of material mi5stat6ment of the Flnanckl Statements. whether due to fraud or eTr. and then, dBsign and perform authl pro¢thS responsive to those rfsks. including obtaining audit evidence that Is SLrffi¢ient and apKvorxiat8 to prDvide a bS for our otmnlon. We diswssad our audit Independen wmptying the Revised Ethi(xl Standard 2ff24 Vth the engagement tgam membgrs whilst planryng the audit and Ixjntinualty monitored our Ind8ndence througPrf)ul thg procos8. Idenlllylng and assosslng potanlial rlsks relatsd to irr•gulxlUas. In identify9 artd assessin9 risks of materlal misstatement In respect of Irregrities, incIJ1rQ fr8ud end non-compliance laws and rBgulations, our procedules inded the folbwiwj: enquirirvJ of managomenL including obt8iniNJ arKI reVIn9 supptsrt#ig documentsOn, concgming the policies and pr(K0re5 rela11 to.. 1dontsng, evaKJatin9 and cOmplyw with laws and regulaIkS and vhthr they were awwg of any Instances of non4omplian¢o' detecting and responding to tho r15ks of fraj and ether tw have krth¥W of ary aG#uo1. su5pect8d or albged fra1., the ntemal covrtrols establi$W to mitsgatp Sk$ relat8d to tra1 or non-complkgnce wittb laws and regulation5.' discussing among the engagement team I and wthere fraLhJ mi9ht occur in the FlnaftcSal Statements aTrJ any potenllal kndlcators of fraud. As part of Ihls dlscussJn, we Identif¢ed potential lor frJd in the following areas; Assumplicffls used when valulng a¢¢rual provision ai Ihe year end. and; Potential for ¢Jeferying income already eamed at Ihe end. obiaining an understaTrJing of the 18901 re9ulatory fram8works that the eharity operates In, fc19 on those laws and regulallons that had a dlred gffed on the Flnanct81 Statements or that had a fundamèntsl effeL# cffl thg opgralions of Ihe Charity, The key laws oThJ regubtrons we con8idered in thls cont8xt rKluded the LIK Comp8nies Act and rebvant tsx 1ry1s1on. Audlt rnsponse to rJsk$ Idènlffi•d In addrfion to Ihe above. our procedures to respond to rfsks Identffied knc[ed th9 ft)l0ng. reviewtng the financial ststernent disclosures and testlng to supptsrtlro th3Mentall0n to assess compn8nc• with rdèvant laws and regulations: anqumng of martsggemenl g)ncerning athial and polenal Iltigatkjn dairrts,. performing analyttGal procedures to idènlKy any unusual or unexpecled relalionships that may indicate risks of materi81 misstatement due to fraud., reading minules of meetings of11K charged wtlh govemanco and reviewing correswndgnGe wth HMRC: arml in addressty the risk of froud Ihrough management ovenide of CT01$. testsng the apwopriatenes5 of i>umal entries and other adjusknents.. assessing whBth8r the judgernents made in m?king acu)unlirtrJ esllmates are ir¥YicatiVg of a Fthntial bias.. and 8valuating lh8 business rati(are of any swJnificant tractionS that are unusual or (wtstde the no1 COU of buslnws. We also communicated relevant idenlified laws and regulallons and wtential fraud rfsks to all engagement team members and rernainèd 8krt lo any indicallons fraud or n<0mplnc th laws and regulaOn5 thwhout the audit. A further description of our re5pons1brleS for the audit of the financial 5tstements is b(ted on Ihe Financlal Reporting Cwncifs website at www.fv.org.ukJauditorsresponsibililles. Thls desrAipl1( fums part of our Rel of lh8 Independenl Auditors. Page 12
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF GLASALLT FAWR- CAMPHILL CEIfflIE Use ol our report Thls r¢port Is made solety lo the tharitable membors. as a tty. in acrdance ttt Chapter 3 01 Part 16 01 the Companies Acl 2006. Our audit work has undertaken $0 that we night slate to the charitable company's members Ihose mattus wg are required to stale to them in an audttoTS' repcrft aThJ lor no olher purpose. To the fiAesl exte pennttted ty taw. do not accept or assumè sponSItlty lo alwe other than the charilable rmPa and the tharitatAe (£thparfs membèrs as 8 body, for our audll trk. for Ihls pOIL orfor the opThin5 we have fmd. Urfth)s Willlm (Seriol blaluty A4Klitorl for on behaf ofBevan 8uc*land LLP Chartered Actsjuntants And Audltors Gmund Floor Cardigan Htyjse Caslle cOt Swansea Enterprise Pa Swansea SA7 9LA 18 Nowmber 2025 Page 13
GLASALLT FAWR- CAMPHLL CENTRE STATEMEiif OF HNANCIAL ACTMTIES {INCORPORATING AN INCOME AND EXPENDMIRE ACCOUND FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Totsl lunds unrtr1ded ftJrKIs Restricaed funds INCOME AND ENDOWMENTS FROM DonatK>ro and 3cleS 21.325 11,746 33.071 10.815 Charltsbl• actlvlths Resklonlial G 2.368.577 2,368,577 2.297.195 Investrnent Income other Income 65.190 24.194 65.190 24,194 38,519 15,740 Total 2.479,286 11.746 2.491.032 2,362,269 EXPEMDMJRE ON Charftabl• actlvltles Restdertk41 Care 2.411,19 372 2,411,441 2.170.208 INCOME Transfers betw••n fvnd5 68217 39,176 11.374 {39.176) 79.591 192.061 Net movom•nt In fvnd• 107.393 (27,802) 79.591 192.(1 RECONCIUATION OF FUNDS Totsl funds brought forniard 3.909.545 83,406 3,992,951 3.eoo,890 TOTAL FUNDS CARRIED FORWARD 4.016,938 55,604 4,072.542 3.992,951 The notes fomi part ofUws8 finanoFI 5t8temnts Page 14
GLASALLT FAWR- CAMPHILL CENTRE (REGISTERED NUMBER: 057538971 STATEMENT OF FINANCIAL POSITION 31 MARCH 2025 2025 Tolal fund$ 2024 Total nds Unreslrlcted Rethkttd funds (urpJs Notes FIXED A8SErs Tangible 8(8 Investrnents 14 15 1,783.052 1.783.052 1.704,731 1.783.053 1.783,053 1.704.732 CURRENT ASSErs Debtors Investhients Cash at bank and In h8nd 16 17 104,872 1.036.980 1.606.751 104.872 1,036.980 1.862,355 99.053 55.604 2.718,569 2,748.603 55.804 2,804207 2.817.622 CREDITORS hJnwrls falNng du8 Wfthin one year 18 (206.4461 {206.4461 (167,652) NET CURRENT ASSErs 2,542.157 2,$97,761 2,649,970 TOTAL ASSEfs LESS CURRENT UABILITIES 4.325.210 4.380.814 4,354.702 CREDffORS Amounts falkng due after one year 19 (308,272) (308.2721 (1,751) NET ASSEr8 4.016.938 55.604 4.072.542 3.992,951 FUNDS Unrestricteij fvnds Resttictd fund8 23 4,016.938 3.909,545 83,406 TOTAL FUNDS 4,072,S42 3,992,951 These finanaal ststements have been prepared h accordan th th• prOvIon$ appllGqble to charitable (*mpanle8 subSect to the small companies regime. Th8 finela1 stathents were approved by the Bowd of TNstees end aulhorisèd for issue on 18 November 2025 and wèrè signed on its behaff by: Dr C G Boorer- Trustee The notes f¢m part of these financial $tslam8nts Page 15
GLASALLT FAYIR- CAMPHILL CENTRE STATEMENT OF CASH FLOWS FOR THEYEAR ENDED 31 MARCH 202S 2025 2024 Note5 Cash Ilows from oporatlng acllvltl•s Cash genoraled from op9rations InteT8sI paid Placementof fixed temi deposll 141,752 115.9751 (1.036,9801 265.oe4 (15.780) Net cash {used Inyprovld8d by operating acllvlilgs (9112031 249.284 Cash flows from InvEStlng acthilll•s Purchas& oftsngl)le fL¥ed assets Sale of tangible fjxed assets Inler8St r9cgi¥8d {157,525) {123.552) 566 38,519 65,190 Not eÈ8h used In Investlng actlvluès (92.035) 184.467) Cash from fin•nclng a¢tMIIvJ Loan repayments in y (52,976) {51281 } Nèt c46h usgd In financing actsviues (52,9761 (51,2811 Change In cash and ¢ash •qulv4lents In thg roportln9 Iri0d Cash and cash equlvalents at the bOnnIng of th• r•porting rf¢d 11.056,214) 113.536 1718.569 2.605.033 Cash and ¢a$h •qulvalonts ¥t th• •nd of th• reportlng p•rl•d 1,662,355 2.718.569 The rth foNn part dth88e financi81 stalwn8nts Pag016
GLASALLT FAWR. CAMPHILL CENTRE NOTES TO THE STATEMENT OF FLOWS FOR The YEAR ENDED 31 MARCH 2025 RECONCILIATION OF NET INCOME TO NEf CASH FLOW FROM OPERATING ACTMTIES 2025 2024 Net income lorthe r•porflng perlod (as perth• Statemont of Flnanclal Actmtles) AdluGtments for. 79.591 191061 79.204 (300) {6&190) 15.975 (5.819) 38,291 55.023 (5661 (38.5191 15.780 29.077 12,208 Profit on dF¥osal offixed assets Intsrest rec4fved Inierest P8id Oncre8seydecrease In debtors Incr8ase in crethry5 Not c•8h provid•d by opontlons 141.752 ANALYSIS OF CHANGES NEf FUNDS Al 1.4.24 Cashllow At 31.3.25 Not cash Cash al bank and In hand 2,718,569 {1.056.214) 1,662.355 2,718.569 {1.056.214) 1,662.355 Liquld resouv¢es Deposits InGluded in c&sh Current assgt invgstments 1.036.980 1,036,980 1,036.980 1,038.980 De D8bts f811iny due wlthin 1 year Debts Ing due after 1 year (53.4471 (361.7511 (503) 53.479 (53,950) 1308,272) 1415,198) 52,976 1362222} Total 2,303.371 33,742 2,337.113 The rleS foTh part of theso financial statements Paje 17
GLASALLT FAWR- CAMPHILL CENTRe NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POUCIES BaJl8 of proparlng the finandal statsm•nts The flnandal statements of the charitable rA)rnpany, Is a public ineffl enty under FRS 11r2. have been prepared in a(XOTdance with Ihe Chaiitigs SORP IFRS 102) 'AcoJunling and Rap)rting by Charilies: Siatem8nt of R8mM8ded Practice applicable to charilies preparing the ¥Go)unts in accordance wlh the Finanryal Reporling Standard appll¢ablg In ts UK arvj Republic of IreFand (FRS 1021 (effective 1 jUary 2019)., Flnan¢lal Re[ing Standord 102 The Finanrial RepDTr3 Stsndard 8ppliLzble in the UK end R8pUbl of Ireknd. and the Compani9S Act 2006. The ffiarKial statemen15 have been prepared under the historical rt rxjnvention, with the exception of tnveslments whl¢h are Incwed at rnarkel value. The charity ¢orBtilule$ a pUbG onlity as def(1 by FRS 102. The financial stalem6nts are prepared in sterling, which is the functional CUfFency of the charity. Income All incom& Is recognised in thè Slatent of Flnanlia ActivRtes once the charlty 8n1ltknmt to furKls, it is probable that tho income will be rerNed arKI the amouni can be measured Trliabty. In(J)me from oJntra¢ls for the SUFply of care SeoS is rocogni5ed with the deliveryofthé contrathd service. Inrxjme fmm government and other grants. whelher .pItal. grdnts or 'r8vanue' ants. 19 rocognlsed wn the charity has enlitlemenl to Ihe fvnds. any perfomiarn cDndition$ 8tiachgd to the grants have been meL It is probable thal Ihe Income wll h received and the 8ftWntn be measured rel18Y and is nol dgfewed. DonatSons, are recDgnitsed when the chaiity has begn notified in wriling of both the amount and settlement date. In the evonl Ihat a donation Is Subject to c)nditicffis that r8quire 8 kn1 of Frfornwe bgfore Ihe chadty Is entfll8d lo the funds, Ihe in¢om8 is deferred and not rec4)gnised untll ellh8r those thndltion$ are fully mel. or the fulfflmenl of th088 condrtions b wholty thIn the (x)ntrol of the charfty and il is probable Ihat those condkiong be fv1fi11od In the r¢portlng perv)d. Legacy glfts are reo)9nlsed on a case by case basls folowiro the granling of probate hlwi the administratorlexKulor tr the estalo has communicated In wrifNig bolh Ihè amount and settlement date. In the èvent that the gmt Is in the f¢)mi of an asset other than ¢ash or a finanoal assot traded on ¥ recognised stock excange. recognilion 18 subject io the value of Ihe glft belThJ reliabty mogsurable wilh a d¢gree of reasonatle accuracy Ihe tltte to the asset haviw been transferred tts the Larity. Interest on funds hekl on deposlt Is Induded when receiwable ond the a)Unt ¢an be measured relobty by the chatty; thi5 is normalty upon notification of thè Interest paid or payable by the Bank. xpendilu Liabililie$ are recognised as expenditure as soon as thgrg is a kggal or ConStrnti¥e QIgatIOn commiiting the ¢harity to Ihal expendilure, il 15 prob that a Irankn of ewnomic benefiis wfiS be required in settt8ment and the ampunt of Ihe oblgafion Gan be m&asured reliabty. Expenditure is 8ccounted for on an acwals basis and has been dassified under headings that aggregats all o)st related to the te9c. Imve o)sts cannot be rfirectly atlritwted to parlicular t*adings they have been allocated to 8ctivltte6 on 8 b8sr& consistenlwlth the use of resour5. Support (ts are thosg fvndions Ihat aSSt the work of the charity bul do not threctty undertake ¢haiitablB actiwtss. Support Costs include back office costs, finance. personnel. payrol and governan costs whlth survort Ihe Charie5 progrdmrnes and adivities. Tanglble fix•d aM•ts DepreLyation is provmjed at Ihe following arEnual rates in order to wrle off each asset ov8r its estimated usefijl lifa. 2% on c£6t 15% on cost 15% on ¢ost 33.1 on cost Fr8ehold pr¢)PgFty Plant Bnd machinery FixtLres and fitth95 Motor vehicles Cost (y)mpiises Ihe purchas9 pii¢è of th8 asset and expendiiure dira¢ty attribuloble to th8 acquisiOn of lh• ttern. Asset8 Wth a lue less Ih8n £1.CAXI a wrhlen off in Ihe ye8ref expendituR. Pag& 18 ¢onilnued...
GLASALLT FAWR- CAMPHILL CENTRE NOTES TO THE FINANCIAL STATEMENTS. nU•d FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTr4G POLICIES - continued T•nglble fixed a$•ts A fixed asset k d8reLrynised upon disposal or vthen no future economic benefits are wacted to 81ise from the )tinued use of the asset. The gain or h)ss arising on th8 disposal of an asset is delermffffll as the thfferentè ben the sale Krocee(ts WKI the Can)rO value oflhe asset. and Is credtted or Charged to the irorne statemert. Flxed assot Instments Interests In subsidiaries are InibaNy measured at cost and subseq• maasured at $t loss any actumulated Impairment k>sses. The llwestrnents are a$Sed for impaiThent at each rewiting date and any impaimiÈnt h)sses or reversals of irnFoirment ktsses are rer1ed immediaicly in profft or loss. A subsklary is an entity (ntrled by the company. Control is the power to govem the finan(aal and opgratir FoIiLi83 ofthE tity so as to obtain be9 from its activilies. Impalmiottt of rQd assots Tho charty perfom)s tmpainnenl tesung where there are ary indicators of impaimienl. Impairment is calculated as the differen between the caThying val8 and the recoverable value of the asset. Recoverable value is the hlghar of net reaSab vaue and estwnated vatue In usè at the date the impairn)ont loss is rBoJgnwl. Value in use reptesents the weseftt value of exF¢ded future discounled cash fiows. If in¢xrred. impairment is Tecogntsed iMatelY In ts iK¢me statemenL Whor• 8n Impairment Bubsequentty reverse& the CavIg vglue of th8 asBet Is increased to the revlsed estlmate of the re(x)vwabb amount but so that the Inc¥eased caryying value does not gx¢eed the caffWng valu8 Ihot would have been deternined if no impafftignt Ioss had been r8(ts3ni5èd for thg a$sèt in wior years. A Versal of an Impaimwnl k)ss is W8cogri$ed immedlateFy as a ¢redlt to Ihg in¢cAne Statennt Flnan¢lal Ins¢Nmgnts The charfty only has financial ass8ts and financial liabllilies of a kind that qualfy as baslc finanr4al In5trumgnts. Baslc finandal are Inltially recOlsed al iransactton value and subwuenuy measured at thelr setuement value wlh the exogpli¢)n of bank loans whi¢h are subs¢quenty mèasured al amortised U8fvJ the effec& C4Kr•nt ass•t Inv•¥tr•nts Current a$$•t Investments includes cash on depostt and cash U5Valents wllh a maturity ol less thaTr one year hebj for rrfltgible risk Investmgnt purposes rather than lo meet short4ènn cash commlknents as they fall due. Dobtovs Tradg and other debt0 ar& recognfjsed at Ihe selugmsnt aThount due after any trade dIsunt offered. PrepayYnent$ ore valued at th& amount prepaid wjet ol any trade disGounis due. A p1$10 for Impalrment of trade 4Jebtors Is estabwshed when there is objectNe evidgncè that Ihe company will not be able to colbct all amunts due. Cash and ¢ash equlvalent Cash Is represented by cash in hand and deposi15 Yrith finanaal instibJti)n$ repayablg without ponalty on noti of not rTh)re than 24 1K)U. Cash equiwalenis are hvJhly liquld invesknents that maiure in no more than Ihree rrmxths trorn Ihe d8ie of acqulsili)n and Ihat readily to amounts of rash wlth Nisiwlficant rfsk of in value. CredltOTS and pn>vlsion¥ Cte(Itors and pS1OnS are recognised where the (Jarity h8s a tffesent Obligat resulting from a past event that YAII probably re8uII in Ihe transfer of fvnds to a Ihlrd party an(i the amnI due to the Olgati[l can b¢ nwsured or estimated r8lHbly. Short tern CrlItorS are me8suTBd at the tranwlion piice. Bank loans are rrwsured Initially at fair Ira8, n81 of tr8nsaction costs. e measured subsequenuy at amortised ts)st UnG Ihe oifedlve interest method. Tgxatton The charity is exempl from corporation tsx on Incom& and gains tsliffj wllhln section 505 of the Taxes Act 1988 or sec11 252 of the Taxation of Chargeable Gain$ Aci 1992 to tho éxtanl that these arn appled to its tharitabi8 Page 19 ntlnued...
GLA8ALLT FAWR- CAMPHILL CENTRE NOTES TO THE FINANCIAL STATEMENTS - conlnued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POUCIES . ¢ontlnu•d Fund accounkng Unrestrfctèd funds are avaitable for use at the discretion of tho TNst88s In furtherance of the gera1 ob]8cliveg of the Charity and whrch have not been destgwTrated for Other p0$e$. Designated fvnds are unre8tr"Gted funds eamiarked by the Truslogs for particulBr purposes falling kn future 1Sm8 periods. Restricted funds are funds subj1 to spedfiG restri( iry08ed by donors or whkh have been raised by the Chartty for particular purposes. The and u of ea¢h restted furKI i¥ sat out in the notes to fv financial statements. Ponsloll costs and othèr postwr•tlrnmant bonefits The charitsble Gompany operates 8 defined contr*Jul¢)n pension stheme. Conlributions payabb lo tho charilable C4)mpanVs penslon seh•m8 ar• charged to the Ststgnwnt of Financlal Acaivtties in the period to whlch they relate. Legal gtatus of the •nllty The challty 1$ a company IEmitad by gu8ranteè and has no share caprtal. In the event of the ¢harlty being wouNI up. Ihe Nablllty In r86P•Ct of Ihe guaranlge 1$ limked to £1 per rnemberof the tharity. CRMCAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIIMTK)N UNGERTAIKrY In Ihe appltcation of the charfV8 accounting pdkles. Iruslees are r8qulred to make judgements. estlmates a5suThplions about th• ¢arying amount of assets and liabilbes Ihat ato not raadity apparent from other 80urces. These 6sUmalès and 85sociaied assumpllons are based on hlslorfcal exPerIen and other factors that are (¥>nsidorad lo be relevant. Actual results may differ Irom these ¢stunale& The £81imates and underiylng assumptions are an ongolng basi5. Revislons to accountin9 estimates are recognisgd in the period in which the estlmalg is r8btsed where the revision affects only th81 pertLyJ. or in Ihe iiod of the revision and future per)$ where Ihe revision affects bolh current and fubJre period5. Trre were reViSnS lo accounting e5tlmatgs this year. IJONATIONS AND LEGACIES 2025 2024 Donations & other inrne Gr1$ 12,734 20,337 8,021 33.071 10.815 INVE8TMENT INCOME 2025 2024 Doposlt 8CLAwnl interest 85,190 38.519 Page 20
GLASALLT FAWR- CAMPHILL CEpifRE NOTES TO THE FINANCIAL STATEMENTS- eontlnu•d FOR THE YEAR ENDED 31 AIARCH 2025 INCOME FROM CHARrrABLE ACTMTIES 2025 2024 Camphill centre Residential C4re 2,368,577 2,297,195 CHARrrABLe ACTivrriES COSTS Drect Costs (s¢e note 7> costs (see note 81 Totals Residentlal Care 2,370,868 40,573 2.411A41 DIRECT COSTS OF CHARITABLE AcmvmES 2025 2024 Stsff costs In8urancg Rales & Lrtli iti95 Telephone Postage And sialitimry Sundri8s Fam ExF*nses Fil & Household Waste dlsposal Tr8Yelng 1.937.115 35.468 63.220 7.276 3.612 1.722,394 32,113 69,146 3,651 34,426 71.672 10,530 3.901 33,355 1,439 46,679 15.751 11.181 32.488 72.424 9,253 4.795 32.301 1.439 45.463 17.441 6,524 5.455 55,023 15,780 Subsuiplions and donations RepaiTS & raralS RecrUnent, trainln9 and sundry expenses Computer expenses Bad debts Derxedalion Interest payablg and slrrilar ¢haTges 15,975 2,370.868 2,134.386 SUPPORT COSTS Supwrt Residènllal Care 40,573 NET INCoMEI(EXPENDuRE) Net Incomèl(expen¢4turel ts stated after tharglngllcyedithng): 2025 2024 Audltt¥s' remuneration Dep90n - owned assets Surplus on dlsposal offixed as8ets 11.740 79204 I3() 12,957 55,023 (566) Page 21 Contiiued...
GLASALLT FAWR. CAMPHILL CENTRE NOTES TO THE FINANCIAL STATEMENTS . contlnued FOR THE YEAR ENDEO 31 IIARCH 2025 10. TRUSTEES, REMUNERATION AND BENEFrrs There were no Iru¥l8es' romungralion or other benefits for the yw ende¢J 31 March 2025 nor for tho y9ar ended 31 March 2024. Trustoes'•xpons•S Th$rg were no trustees, expensas pald for th8 year ended 31 March 2025 nor for tre year endèd 31 Marth 2024. 11. STAFF COSTS 2025 Wages and salaries So#1 secLff(ty costs Other pensTon Gosts 1,742.942 150.009 44,164 1.557.458 124.570 40.386 1,937,115 1,721394 The avarwJe monlhty numt*r of emths during thg year was as follows: 2025 70 2024 Employed staff No èmploye8s re¢8iwd emoluments in excess of£60,&)0. During the year, salarifjs of£289.687 {2024: £275,775) wer8 paid to key managemont. 11 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMllES Unrestricted fund$ Restiided funds Tolal fuNIs INCOME AND ENDOWMENTS FROM tknnan$ and leg&ies 10,815 10.815 Charltablg aetivlllos Resldentlal Car¢ 2.297,195 2,297.195 Inveslmenl Income ottr Income 38,519 15.740 38,519 15.740 Totsl 2,362.289 2.362.269 EXPENDITURE ON Charltablw a¢tl¥ttlo5 Residential Care 2.170.208 2.170.208 NEf W4COME Transfern between funds 192,061 12,034 192,061 (12.034) Net movement In funds 204.095 (12,034) 192.061 RECONCLIATION OF PUNOS Totsl fijnds brought fonwdrd 3,705A50 95.440 3,8,890 TOTAL FUNDS CARRED FORWARD 3.9Jg.545 83,406 3,991951 Page 22 )ntlnued...
GLASALLT FAWR- CAMPHLL CENTRE NOTES TO THE FINANCIAL STATEMENTS • continued FOR THE YEAR ENDED 31 MARCH 2025 13. TAXATION Th8 charty 1$ exempl from tsx on Incorne and gains falllng wthin section 505 of the Taxes Ad 1988 or section 252 of the T8X8tion of charable Gains Act 199210 tho extentthat these ar• apPrd lo its charitable objects. TANGBLE FIXED ASSETS FSxtures Frnehold Ptsnt and machlnory Motor vehide$ Totals COST At 1 Aprfl 2024 Addltlons DIsp06ab 2.086.505 32,590 31,624 25,876 88,440 24,089 (550) 116.142 74.970 128.799) 2.320,711 157,525 {29.349} At 31 Marth 202S 2,119,095 57.51JO 109,979 162.313 2.448.887 DEPRECIATION At 1 rtI2024 Chary8 for year Ellmlnatgd on disposal 409.326 35,924 30.364 473 70,505 7,710 {550) 105.785 35,097 2&799) 615,980 79,204 (29,349) At 31 March 2025 445,250 30,837 77,665 112.083 665,835 NEf BOOK VALUE At 31 March 2025 1.673,845 26,663 32,314 50,230 1,783.052 At 31 Morch 2024 1.877.179 1.260 15.935 10,357 1,704,731 InGluded In freehold wopety, land Is v&lu8d at£3CiI,000 8nd Aot depre¢iated. 1& FIXED ASSET INVESTMEiirs Shares in (mdertaktrKJs MARKEf VALUE At 1 ApAI 2024 and 31 Mwch 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 There were no investmanl as6sts oulside the UK The roryanS investrnents atthe balan sheet date in the share capwal of (xjmpanles Indude thefolkWng. Glasalll Fawr TradlnB Llmll•d Reglsterad office: Glasallt F. Uangadog. Carmarlhan, Carm•rthenslwre, W*& SA19 9AS Nature of bUSS& DoThant Class ol share: Ordinory hcAdlng 100 Page 23 contiwed...
GLASALLT FAI¥R- CAMPHILL CENTRE NOTES TO THE FINANCIAL STATEMENTS- contlnu•d FOR THE YeAR ENDED 31 AIARCH 2025 16. DEBTORS: Amouprrs FALLP4G DUE wrrHIN ONE YEAR 2025 2024 Trade debto Other debtors Prapayin8nts and accrued incCe 62,417 7.103 35,352 58.910 6,852 33,291 104.872 99,053 17. CURRENT ASSET INVESTMENTS 2025 2024 Naest 95 day acxxiunl- Gross Interest rate 3.49% 1.036.980 1& CREDrroRS: AMOUNTS FALLING DUE WtTrllN ONE YEAR 2025 2024 Bank bans and ov•rdrafts {8ee note 20) Trade eredito Soryal security and other taxes Olher dIt A¢c¥u8 and doteffed Incom8 53,950 55,674 34,374 44,781 17,667 53,447 43,030 30.588 23,472 17,115 206,446 167.552 19. CREDITORS: AMOUNTS FALUNG DUE AFfER MORE THAN ONE YEAR 2025 2024 Bank loans (seg not8 20) 308.272 361,751 LOANS An anafysis of the rnaturity of loans Is glven beh)vr. 2025 2024 A[nCnts falllng due within one year on demand: Ba[ S)ans 53,950 53.447 Amwnts falllng b•tsw one and two years: Bank barts. 14 yews 53,950 53,447 Amounts falling tra•n knvo aNJ fwe yoars". Bank bans- 2-5 years 161,850 180,343 knounts falllhg due kn moro than five years: Repoyoble by instslmenls: Bank loan5 92,472 147,961 Page 24 contInl...
GiASALLT FAWR- CAMPHILL CENTRE NOTES TO THE FWANCIAL STATEMENTS- ntInUed FOR THE YEAR ENDED 31 MARCH 2025 21. LeASWG AGREEMEKf8 Minim 8$¢ payments under non-cancellable operating lea fall due as folknvs 2025 2024 Withln one year Betwaen one and five yeaTS 455 570 455 1,025 1.025 1,480 SECURED DEBTS The follcMkn9 s8r9d dèbts are Induded w6thkn creditots: 2025 2024 Bank bans 362,222 415,198 The bank loan * s¢¢wed ty kgal charge ovgrthe freehold propoty. 23. MOVEPIEiif IN FUNDS Nel movement in fijnds Transfers betsveen At 31.3.25 At 1.424 Unrestrlcted funds General Fund cats1 Assets Spend Critical C¢6t Reserva Pnned lrnprovements Ngw projèct Farm Buiklings 65,870 1.292,478 861,197 130,000 1,500.IXJO 60,0 68,217 147.5531 39.176 147.553 1,331.654 1,1))8.750 130.0 1,400.000 60.OCN) 1100.000) 3.909,545 68,217 39,176 4,016,938 Restrlctod funds Legacy- Sen¥ory Room crlbY0 Wortslw Donatton Nali)nal LottW Communty Fund (3721 6,068 49,536 76.966 (27.430) (11,746) 11.746 83,406 11,374 (39,176> 55,604 TOTAL FUNDS 3.992,951 79.591 4.072,542 Page 25 o)nUnued...
GLASALLT FAWR. CAMPHLL CE14TrE NOTES TO THE FINANCIAL STATEMEITfs- contlnuod FOR THE YEAR ENDED 31 MARCH 2025 23. MOVEMENT IN FUNDS- cOnnU•d Net movemBnt in funds. Included In the 8bove are •s folkn. Intnrj Re50urrh8S 8xF¢nded Movement in funds Unr••trfctod funds General Fund 2.479286 12,411,069) 68,217 R•strictad funds Legaty . Sensory Room Nanal Lottery CorrffiunFty Fund (372) (372) 11.746 11,746 11,746 (372) 11,374 TOTAL FUNDS 2.491,032 {2.411.441 } 79,591 Comp•rativo8 for movèment In funds Transfe bolween movement in fvnds At 31.3.24 Al 1.423 unr9strjct fund¥ General Fund Capilal Assets Spend Qitiral Cost Reserve Pknned imwovemonts Nw Frf8Ct Fann Buildiros 45,861 1,169,541 760,IM8 130,C 1.500.000 100.IXJO 130,912 {110.3) 122,937 65.870 1,292,478 861.197 130.0 1,51)0.000 60.0 101.149 {40,01)0) 3,705,41 192,061 12,034 3,909,54S RestrICt funds Legacy- Sensory Room Creati¥e Workshops DOnaTh 6,440 89,000 (12.034) 76.966 95,440 112.034) 83,406 TOTAL FUNDS 3,800.890 192.061 3.992,951 Comparative net movement tn fvnds, inthded n the above are as folows: Incoming resources R8sour experthd Movement In fuThJs Unrostrlthd fvnds G9n8rdl Fund CritKal Cost Reserve Fam BU11ng8 2,362269 {2.231.357) 101,149 (40.000) 130.912 101.149 {40.IJOO) 2.362269 {2.170,208} 192,061 TOTAL FUNDS 2,362.269 12.170,2081 192.061 Pe 28 Con1)u¢d...
GLASALLT FAIffi- CAMPHILL CENTrE NOTÉS TO THE FMANCIAL STATEMENTS- ¢onllnu•d FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FLINDS- cantlnued A cutTent year 12 monlhs and pTr)r year 12 nthS combined posllron is as follows.. Net )vement in hjnds Transfers At 31.3.25 At 1.4. nds Unr•strlct•d fund8 General Fund C8wtsI Assets Spend Critic Cost Rgservo Pknned improvements New pr(ie Fami Buildings 45.861 1.169,541 760,048 130,000 1.5.000 100,0 199,129 (158,4561 162.113 147.553 86,534 1,331,654 1,¢)08,750 130,000 1.400,000 GO.0 101,149 (1CKI.(KxI) (40.000) 3.705.450 260278 51.210 4.016.938 Restrlctod fvnds Lega¢y- Sensory Room Crealive Workslw Donation National Lottary Cornmunlty Fund (3721 89.¢JJO {39,464) (11,746> 49.536 11.746 95.440 11,374 {51,210) TOTAL FUNDS 3.800,890 271.652 4.072,542 A rIen1 yoar 12 months and prior yeaT 12 months combined net movément kn lund$, ineluded In the thve are as foll¢)WS: Incomlng Rescwrtss Movemnt expended In funds Unrestrl¢t•d funds General Fund Crftkal Ccjst Reserve Farm Buildings 4,841.SSS {4,642,4261 101.149 140,0001 199,129 101.149 {40.C(JO) 4.841.555 {4.581,2771 260.278 R•strlotsd funds Legacy- Senry Room National Lottery Communlty Fund 1372) {3721 11,746 11,746 11.746 1372) 11.374 TOTAL FUNDS 4,853.301 {4,581.649) 271.652 Capita Assets Reserva - re lo the net tthk value of assots less the ouistgndlng mortgage balance. Thg movement in the year relate8 to a(IditiorB, deprerAation and mortgag8 repayThths. Critical Cost Reserve - The fund was setrjp due to th8 kg terni comthngnt of promding a hcAn8 for our rE5id8nts, the nood to be able to meet all commllmenls and risks Idented. Planned Impmvemgnts- gslabtshed to meet plann¢d improvernents requlr¢d to maintaln the stt•. Nwi Residential Hr¥Jse ProJect- The fvnd was establi to meet Ihe rylsts of bldIng new tsdllties. Fwrn BuibJlng- Set up to cover the cost of d¢v¢bping additional fami workshop $paco. Mknlbus - A fund set lo aifr¢atg a r•)n-resident legacy re1V&d wlth the mlnibus belng purchased In Ihg Prtor year. Pago 27
GLASALLT FAWR. CAMPHILL CENTRE NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS . ¢ondnued Restrithd r8Berve Creatr4e Wovkshops Donalh)n- Alogacy was rg¢¢iv8d In 2021 to provide a sensory room. Creattve Workshop t>onall¢)n - The donatlon for the Creatlve Workshops wlll be a contrfbulion to the developrnent and n0Valn ofan okl fam) bujlding into Creallvg Workshops for the rg$iderts use. National Lottw Community DonalloTr The donation 1$ a conlitjulion to ouidcw gym equipmenL Creatlva WOTkshops Donatknn and Naticjnal Lotsry Community fuTrJ have been spent on capltal Ilerns In the year meaning Ihat th8 money Is no lonuer Condered reslrtcted and has now been tran8ferred to unrestrlcled capital asset spand. nsfws During ths year. Ihe trustses 8ppwved • transfer of £1,400.000 from unrethcted funds to th8 designated New Project Fund to refiecl updated cost eslimates for thè Arts and Craft Centre projecL Thls adjustmenl was made fdlowing receipt of nderS rawing between £1.1m and £1.4m Ihthslvg of VAT). The transfer ensures suffi¢ient resourc¢s aro allocated to meet antsdpated prolect expendibJr8. In revS&wing th8 unrestri¢ted fw)d8, the trustees also rea88essed the Critical Cost Resorve to maintaln a*uate provlsbn for essentlal ¢ommth¢nts. No other slgnificant transfers b8tween fvnd5 omjned duthg tha yw. EMPLOYEE BENEHT OBLIGATIONS Tho organisstion operales a defin ¢ontrl)ulion penston scheNp. The assets of the scheme are hekl separatety from Ihose ofthe coryany in an Independently admln6s¢ergd fund. The pwtsFon cost charge represents conlrfbutws payabh by lh& compary to the fund and amounted lo £44,164 12024: £40,366). At Ihe year ond £8,744 (2024: £8,216) was cAYed to f, 24. RELATED PARTY DISCLOSURES There were no rÈlat8d paty Iransadions for the year er•aed 31 March 2025. SHARE CAPITAL 2& The company is Imited by 9uarantsg and as such th¢r6 Is no share capital. The membern arn limitsd to • Ilabl of £1 in the event the MpanY 1$ wound up. Page 28