2024-03-31-accounts

CAMPHILL BENEVOLENT FUND

(A company limited by guarantee and not having share capital)

FOR THE YEAR ENDED 31 MARCH 2024

CONTENTS

Trustees Report Independent Examiners Report Statement of financial activities Balance sheet Notes to the accounts	Pages
	2 - 6 7 8 9 - 10 11 - 19

CAMPHILL BENEVOLENT FUND

TRUSTEES REPORT

(A company limited by guarantee and not having share capital)

FOR THE YEAR ENDED 31 MARCH 2024

Objectives and activities

The Charity’s objects, as stated in the memorandum, are:

• to support and relieve, for the public benefit, in accordance with the principles of Dr Rudolf Steiner and the related governing principles of Camphill Charities, individuals in need with a connection to the Camphill network of charities, or other institutions operating in a manner consistent with such principles, particularly (without limitation) such charities, or institutions, in England and Wales and such individuals being past or present co-workers, volunteers, employees, board or committee members, helpers, supporters, residents or beneficiaries in relation to such charities, or institutions and their respective dependants;

• for the public benefit, to relieve sickness, promote good health, provide care to and advance the education and training of people with disability (whether mental of physical), the young, the old, or people otherwise in need, in accordance with the principles of Dr Rudolf Steiner, particularly (without limitation) by the establishment and maintenance of communities in the form of villages, residential houses, day centres, kindergartens, schools, colleges or other types of social and/or educational community, in which beneficiaries live and/or work and/or to which they otherwise resort, in community with persons providing support.

The strategies employed to achieve the Charity’s objects are to:

• Maintain an accurate and up to date database of all likely beneficiaries

• Ensure that participating Camphill charities provide adequate funds to meet beneficiaries’ needs

• Develop clear and acceptable policies and procedures to ensure fair treatment for all eligible applicants

• Administer applications and exercise prudent financial procedures to protect the Charity’s assets and maximise beneficiaries’ welfare

Public Benefit: achievements and performance

Our approach to assessing public benefit comes from the statutory objective set in the Charities Act 2011. The Trustees are confident that the Fund provides clear benefits, without causing detriment or harm to anyone, fully related to our aims. Furthermore, the beneficiaries are appropriate to our aims, and the opportunity to benefit is not unreasonably restricted within the beneficiary group. In assessing the public benefit of our activities the Trustees have had regard to the guidance on Public Benefit issued by the Charity Commission.

The Camphill Benevolent Fund has established its disbursement policy to achieve its objects, for the public benefit, to improve the lives of older Camphill co-workers by meeting their financial needs. The Fund reviews its policies, procedures and administrative structures to ensure that our objectives are pursued and thereby advance public benefit. The Fund supported its beneficiaries, within the Charity objects, by:

• Collecting considerable funds from member charities to be able to meet beneficiaries’ needs

• Adopting detailed policies (such as finance, investment, administration of applications)

• Recruiting a part time administrator to support the Trustees

• Liaising with similar Camphill funds in England, Scotland, Northern Ireland and the Irish Republic, in order to be able to co-operate in meeting beneficiaries’ financial needs

• Considering all applications and making disbursements to beneficiaries.

2

CAMPHILL BENEVOLENT FUND

TRUSTEES REPORT (CONTINUED)

(A company limited by guarantee and not having share capital)

FOR THE YEAR ENDED 31 MARCH 2024

Financial Review

General overview

From the accounts, it will be seen that incoming resources for the year to 31 March 2024 were £138,612. Resources expended were £195,626, net loss was thus £57,014 before investment gains. Looking to the balance sheet, current assets less current liabilities were £113,882 and total net assets were £2,616,770. We consider these figures to be healthy, showing a strong asset base sufficient to meet the Charity’s needs for the foreseeable future. The loss before investment gains reflects the fact that the majority of member charities continued to pause donations during the year in light of the Charity’s strong balance sheet.

Reserves Policy

The Camphill Benevolent Fund’s income is based upon contributions from member charities. As such, cessation of this funding would entail cessation of discretionary disbursements and our reserves policy acknowledges this; understanding that most of our expenditure would cease.

To this end we consider an appropriate level of reserves is such to cover around two year’s expenditure. Our current unrestricted designated funds are £358,494 and we maintain a cash reserve of approximately £100,000 on deposit. The current reserves level is therefore above our policy level which we consider appropriate given the recent inflationary economic conditions.

In line with the CBF Investment Policy and in order to achieve growth in income and capital, surplus funds were kept invested during the year with Sarasin & Partners. A quarterly Investment Review is produced by Sarasin which is distributed to the Trustees. Any future excess funds will be added to this fund when available.

As such, the Trustees are content with current reserves and will review them twice a year.

Structure, Governance & Management

Governing document

The Camphill Benevolent Fund is a company limited by guarantee with no share capital, governed by a memorandum and articles of association. It was incorporated on 20 March 2008 and registered as a charity on 23 October 2008.

Appointment of trustees

Trustees are appointed by processes laid down in the articles of association. New Trustees may be co-opted by the Trustees, in accordance with the governing document, to provide necessary skills to support the Charity, and full appointment and routine re-election procedures are undertaken at annual general meetings.

Trustee induction and training

Trustees are briefed on their legal obligations under company and charity law, the governing document, decision making processes and financial performance of the Charity. We commission periodic external training events, in order to ensure high standards of governance and awareness.

Organisation

The Trustees are responsible for the governance and administration of the Charity. They meet quarterly and receive reports from the Executive committee and administrator. These reports convey the disbursement decisions, matters of policies and procedures, and financial budgets and reports. In the past year to reduce costs some of our meetings continued to be held successfully using video conferencing. It is expected that a mix of video and face to face meeting will continue into the future.

3

CAMPHILL BENEVOLENT FUND

TRUSTEES REPORT (CONTINUED)

(A company limited by guarantee and not having share capital)

FOR THE YEAR ENDED 31 MARCH 2024

Related parties

The Camphill Benevolent Fund has eight corporate members; these are Camphill Charities in England, who work together to provide funds to meet old age needs of retired Camphill co-workers. The Charity also administers funds on behalf of one further Camphill Charity which is not a full member and administers a run off fund contributed by a former charity member.

Risk management

The Trustees have considered the risks to which the Charity is exposed and have put steps in place to mitigate those risks:

• A periodic review of risks the Charity may face

• A finance policy to ensure good practice and appropriate financial controls

• An investment policy to deal with preservation of capital and aim for growing reserves

• Financial risk management by developing and reviewing our reserves policy

Plans for future periods

The main financial concern for the Charity will be to maintain funding from our member charities during a time of great change in our regulatory and funding authorities. Member charities, within their governance responsibilities, need to balance the needs of older co-workers with revenue and capital expenditure; we need to ensure good communication and partnership to promote the welfare of our beneficiaries.

We continue to review our systems of financial strategy and financial control, to achieve a robust procedure of delegated authority combined with a system of monitoring and review to ensure the effective use of funds in delivering our objectives. In particular, we have adopted an investment policy and appointed an investment manager (Sarasin & Partners) to help us to protect and grow our resources; developing and managing this relationship will be of great financial and governance importance.

Confirming the discretionary nature of our grants, and more properly understanding their relationship to State benefits, has been important. We continue to work to ensure our resources can be effectively used to meet needs, while being mindful that maintaining contributions from member charities can only become harder as their own funding levels are under pressure.

4

CAMPHILL BENEVOLENT FUND

TRUSTEES REPORT (CONTINUED)

(A company limited by guarantee and not having share capital)

FOR THE YEAR ENDED 31 MARCH 2024

Directors and Trustees

The Directors of the Charitable Company (the Charity) are the Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees. The Trustees serving during the year and since the year end were as follows:

Ian Bailey		John Hitchins
Elizabeth Bord		Wilhelm Steffen
Gill Bryan		Andrew McDougall
Therese Curwen		Suzanne Pickering-McCulloch
Tom Fitzalan Howard
Company Number:	06541824 (charity no 1126414)
Directors/Trustees
at 31 March 2024:	Gill Bryan
	Andrew McDougall
	Tom Fitzalan Howard
	Elizabeth Bord
	John Hitchins
	Ian Bailey
	Suzanne Pickering-McCulloch
	Therese Curwen
	Wilhelm Steffen
Secretary:	William Taylor
Registered Office:	5 Gosditch Street
	Cirencester
	Gloucestershire
	GL7 2AG
Independent Examiner:	Miss Ruth Herbert FCCA
	Wenn Townsend
	5 Gosditch Street
	Cirencester
	Gloucestershire
	GL7 2AG
Bankers:	NatWest
	Bank Buildings
	George Street
	Stroud
	Gloucestershire
	GL5 3DT

5

CAMPHILL BENEVOLENT FUND

TRUSTEES REPORT (CONTINUED)

(A company limited by guarantee and not having share capital)

FOR THE YEAR ENDED 31 MARCH 2024

Solicitors: Bates Wells 10 Queen Street Place London EC4R IBE Investment Managers: Sarasin & Partners LLP Juxon House 100 St Pauls Churchyard London EC4M 8BU

Responsibilities of the Trustees

The Charity Trustees (who are also the directors of Camphill Benevolent Fund for the purposes of company law) are responsible for preparing a Trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice)

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the Charitable Company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the council should follow best practice and:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the applicable Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the Charitable Company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions .

Approved by the Trustees on and signed on its behalf by:

……………………….. William Taylor Secretary

6

INDEPENDENT EXAMINERS REPORT

TO THE MEMBERS OF

CAMPHILL BENEVOLENT FUND

(A company limited by guarantee and not having a share capital)

Independent Examiner’s Report to the Trustees of Camphill Benevolent Fund

I report to the Charity Trustees on my examination of the accounts of the company for the year ended 31 March 2024 which are set out on pages 8 to 19.

Responsibilities and basis of report

As the Charity Trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act;

or

1. the accounts do not accord with those records; or

2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Name:

Ruth Herbert

Relevant Professional qualification or body:

Address:

FCCA Wenn Townsend 5 Gosditch Street Cirencester Gloucestershire GL7 2AG

Date:

7

CAMPHILL BENEVOLENT FUND

(A company limited by guarantee and not having share capital)

STATEMENT OF FINANCIAL ACTIVITIES & INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Note Income: Income from generated funds Administration income Activities for generating funds Investment income Income from Charitable activities 2 Total Income Expenditure: Charitable activities Disbursement Charitable expenditure 3 Other costs 4 Total Expenditure Net (loss)/Gain before Investments Gain Unrealised Gain/(Loss) on Investments Net Incoming/(Outgoing) Resources for the year Realised Gain on Investments Net Movement in Funds Total Funds brought forward Funds to be carried forward

Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ - 51,987 51,987 51,347 - - 3,850 14,005 56,020 70,025 66,845 3,320 13,280 16,600 60,000 __ _ 17,325 121,287 138,612 182,042 4,216 171,245 175,461 158,590 16,842 - 16,842 18,652 3,323 - 3,323 2,981 24,381 171,245 195,626 180,223 (7,056) (49,958) (57,014) 1,819 25,966 142,207 168,173 (146,484) 18,910 92,249 111,159 (144,665) 3,049 12,196 15,245 15 21,959 104,445 126,404 (144,650) 475,901 2,014,465 2,490,366 2,635,016 ______ ______ ______ ______ £ 497,860 £ 2,118,910 £ 2,616,770 £ 2,490,366 ___

8

CAMPHILL BENEVOLENT FUND

(A company limited by guarantee and not having share capital)

BALANCE SHEET

AS AT 31 MARCH 2024

	Note		2024		2023
			£		£
FIXED ASSETS
Tangible Assets	5		1		1
Investments	6		2,502,887		2,318,867
			_		_
			2,502,888		2,318,868
CURRENT ASSETS
Debtors	10	11,657		1,869
Cash at Bank		105,927		171,858
		_		_
		117,584		173,727
		_		_
CREDITORS:
AMOUNTS FALLING DUE WITHIN ONE YEAR	11	3,702		2,229
		_		_
NET CURRENT ASSETS			113,882		171,498
			_		_
TOTAL ASSETS LESS CURRENT LIABILITIES			£ 2,616,770		£ 2,490,366
			_		_
NET ASSETS
FUNDS
Unrestricted – Designated			358,494		365,550
Unrestricted Revaluation Funds			139,366		110,351
Restricted			1,349,558		1,399,516
Restricted Revaluation Funds			769,352		614,949
			_		_
	7 & 8		£ 2,616,770		£ 2,490,366
			_		_

9

CAMPHILL BENEVOLENT FUND

(A company limited by guarantee and not having share capital)

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2024

In approving these financial statements as Directors of the Company we hereby confirm:

• (a) The Company is entitled to the exemption from audit under Section 477(c) of the Companies Act 2006 for the year ended 31 March 2024. The Trustees have not required the Charitable Company to obtain an audit of its financial statement for the year ended 31 March 2024 in accordance with section 476 of the Companies Act 2006.

• (b) That we acknowledge our responsibilities for:

• (1) ensuring that the Company keeps accounting records which comply with section 386 and 387 of the Companies Act 2006 and

• (2) preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of section 394 and 395 and which otherwise comply with the provisions of the Companies Act 2006 relating to financial statements, so far as applicable to the Charitable Company.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS102 and the Charities SORP (FRS102). The notes on the following pages form part of these accounts.

These financial statements were approved and authorised for issue by the Trustees on and signed on their behalf by:

John Hitchins …………………………… Chair of Trustees

Company Registration No. 06541824

10

CAMPHILL BENEVOLENT FUND

(A company limited by guarantee and not having share capital)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) – (Charities SORP (FRS 102)). Camphill Benevolent Fund meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

The Charity has applied Update Bulletin 2 as published on 5 October 2018 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.

Fund accounting

Unrestricted designated funds comprise those funds which the Trustees are free to use in accordance with the charitable objectives. Restricted funds are funds which have been given for particular purposes. The restricted fund is to provide relief and social care for elderly ex-Camphill Community workers.

Income

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

• Members contributions are included in the Statement of Financial Activities when receivable and are apportioned based on the period to which it refers.

• Donated services and facilities are included at the value to the Charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.

• Investment income is included when receivable.

• Incoming resources for generating funds are accounted for when earned.

Fixed assets

Computer and office equipment – depreciation 3 years straight line.

Investment income

Investment income is dividends and interest received within our investment funds plus interest received from the bank .

Investments

Investments held as fixed assets are revalued at market value at the balance sheet date and the gain or loss taken to the SOFA.

11

CAMPHILL BENEVOLENT FUND

(A company limited by guarantee and not having share capital)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024

Accounting Policies (continued)

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

• Expenditure on charitable activities includes the costs of delivering services & other activities together with their associated support costs.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Legal status of the Charity

The Charity is a company limited by guarantee and has no share capital. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. The Charity is registered and incorporated in England and Wales and its registered address is: 5 Gosditch Street, Cirencester, Gloucestershire GL7 2AG.

Financial performance of the Charity

The Statement of Financial Activities states the financial performance of the charity.

12

CAMPHILL BENEVOLENT FUND

(A company limited by guarantee and not having share capital)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2024

2 INCOME FROM CHARITABLE ACTIVITIES Unrestricted Funds Contributions from members Camphill Devon - Thornage Hall Independent Living - Camphill Milton Keynes - St Lukes Trust - Mount Camphill Community 1,320 Pennine Community - Thornleigh Communities 2,000 __ £ 3,320 _ 3 CHARITABLE ACTIVITIES Wages 12,057 Office rent - Insurance 715 Office costs 3,436 Trust management costs 634 Depreciation - Bank charges - £ 16,842 4 OTHER COSTS Legal fees 35 Independent examiner fee 3,025 Stockbroker fee 263 £ 3,323 ___

Restricted Total Total Funds 2024 2023 - - - - - - - - - - - - 5,280 6,600 - - - - 8,000 10,000 60,000 __ _ £ 13,280 £ 16,600 £ 60,000 - 12,057 14,109 - - 80 - 715 602 - 3,436 2,602 - 634 1,259 - - - - - - £ - £ 16,842 £ 18,652 - 35 132 - 3,025 2,700 - 263 149 £ - £ 3,323 £ 2,981 ___

£

13

CAMPHILL BENEVOLENT FUND

(A company limited by guarantee and not having share capital)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2024

5	FIXED ASSETS
		Computer &
		Office Equipment		Total
	Costs:-
	Brought and carried forward		1,068	1,068
			______	______
			1,068	1,068
			______	______
	Depreciation:
	Brought forward		1,067	1,067
	Charge for year		-	-
			______	______
			1,067	1,067
			______	______
	NBV at 31 March 2024		£ 1	£ 1
			______	______
	NBV at 31 March 2023		£ 1	£ 1
			______	______
6	INVESTMENTS
	Balance b/fwd			2,318,867
	Additions during the year			53,602
	Disposals			(53,000)
	Unrealised gain on investments			168,173
	Realised gain on investments			15,245
				______
	At 31 March 2024			£ 2,502,887
				______
	The market value of the listed investments at	31 March 2024	was
		Cost	NBV @ 31/3/24	NBV@ 31/3/23
		£	£	£
	Sarasin Sterling Bond CLS ‘B’ Inc
	2,045,410.3 Sarasin Endowment Fund
	Class A Inc.	1,671,104	2,502,887	2,318,867
		______	______	______

14

CAMPHILL BENEVOLENT FUND

(A company limited by guarantee and not having share capital)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2024

7 MOVEMENTS IN FUNDS

						Funds at
	Bal b/f	Income	Transfers	Expenditure	Revaluations	31/3/24
Restricted funds	1,399,516	121,287	-	(171,245)	-	1,349,558
Restricted revaluation fund	614,949	-	-	-	154,403	769,352
Unrestricted revaluation fund	110,351	-	-	-	29,015	139,366
Unrestricted designated funds	365,550	17,325	-	(24,381)	-	358,494
	______	______	______	______	______	______
Total funds	£ 2,490,366	£ 138,612	£ -	£ (195,626)	£ 183,418	£ 2,616,770
	______	______	______	______	______	______

15

CAMPHILL BENEVOLENT FUND

( A company limited by guarantee and not having share capital)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024

PURPOSE OF RESTRICTED FUNDS

The purpose of the restricted and designated funds is to provide relief and social care for elderly ex Camphill Community workers in their older years.

The individual reserved fund balances as at 31 March 2024 per member community are as follows:-

	Funds at	Funds at
	31/03/2024	31/03/2023
Camphill Devon	190,748	189,700
Thornage Hall Independent Living	169,912	168,703
Camphill Milton Keynes	238,150	237,586
St Lukes Trust	12,818	12,461
Mount Camphill Community	233,033	233,506
Pennine Community	207,780	206,698
The Lantern Community	192,599	195,859
Thornleigh	7,760	47,094
CVT Ruth Fund	35,236	68,733
William Morris College (Former Member)	61,088	35,449
Northern Ireland	433	3,457
	_	_
	£ 1,349,558	£ 1,399,516
	_	_
Designated Funds	Funds at	Funds at
	31/03/2024	31/03/2023
Camphill Devon	9,284	10,265
Thornage Hall Independent Living	53,854	54,089
Camphill Milton Keynes	45,112	45,779
St Lukes Trust	1,332	1,371
Mount Camphill Community	83,545	83,074
Pennine Community	36,107	36,539
The Lantern Community	70,169	71,032
Thornleigh	28,375	32,219
William Morris College (Former Member)	30,417	31,162
	_	_
	£ 358,494	£ 365,550
	_	_

16

CAMPHILL BENEVOLENT FUND

(A company limited by guarantee and not having share capital)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2024

8 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed assets Investments Current assets Current liabilities	Designated General Funds £ 1 244,611 117,584 (3,702) __ 358,494 ____	Unrestricted Revaluation Funds £ - 139,366 - - __ 139,366 ____	Restricted Funds £ - 1,349,558 - - __ 1,349,558 ____	Restricted Revaluation Funds £ - 769,352 - - __ 769,352 ____	Total Funds 2024 £ 1 2,502,887 117,584 (3,702) __ 2,616,770 ____	Total Funds 2023 £ 1 2,318,867 173,727 (2,229) __ 2,490,366 ____

17

CAMPHILL BENEVOLENT FUND

(A company limited by guarantee and not having share capital)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2024

9 TAXATION

As a charity, Camphill Benevolent Fund is exempt from tax on income and gains falling within the Income Taxes Act 2007 section 524 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.

10 DEBTORS

11

DEBTORS
	2024	2023
Debtors	£ 11,657	£ 1,869
	______	______
CREDITORS
Creditors	1,542	69
Accruals	2,160	2,160
	______	______
	£ 3,702	£ 2,229
	______	______

12

SHARE CAPITAL

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

13 FINANCIAL COMMITMENTS

At the balance sheet date the Company had made commitments of £nil to pay disbursements in the following financial year.

14 CONTINGENT LIABILITIES

There were no known contingent liabilities at the balance sheet date.

15 RELATED PARTY TRANSACTIONS

The Company paid rent of £nil (2023 £80) to St Luke’s Trust for office space during the current financial year. St Luke’s Trust is one of the members of The Fund.

16 TRUSTEES RENUMERATION

The Trustees received no remuneration during the period. Trustees travel expenses and costs in the year amounted to £634 (2023 £1,259).

18

CAMPHILL BENEVOLENT FUND

(A company limited by guarantee and not having share capital) NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2024

1. ANALYSIS OF STAFF COSTS AND THE COST OF KEY MANAGEMENT PERSONNEL

	2024	2023
Salaries and wages	£ 12,057	£ 14,109
	______	______
No employees had employee benefit in excess of £60,000.
The Charity has no key management personnel.

19

CAMPHILL BENEVOLENT FUND

(A Company limited by guarantee and not having share capital)

REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024

CHARITY NO. 1126414

COMPANY NO. 06541824