REGISTERED COMPANY NUMBER: 012949231England and Wales) REGISTERED CHARITY NUMBER: 274192 REPORT OF THE TRUSTEES AND FINANCIALsfATEMEMfs FOR THE YEAR ENDED 31 JULY 2024 FOR THE PENNINE CAMPHILLCOMMUNrrY LIMrrED Xeinadin Audit Lirnited Statutory Auditor 12 Victoria Road Barnsley South Yorkshire S70 2BB
THE PENNINE CAMPHILL COMMUNITY UMrrED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Page Report of the Trustees I to 10 Report of the Independent Auditors 11 to 14 Statement of finandal Actlvltles 15 Balance Sheet 16 to 17 Cash Flow Staternent 18 Notes to the Cash Flow Statement 19 to 20 Notes to the Financial Statements 21 to 35 Detalled Statement of Flnanclal Artlvltles 36 to 37
THE PENNINE CAMPHILL COMMUNITY LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 The trustees who are also directors of the charlty forthe purposes of the Companles Act 2006, present their report wlth the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of Accounting and ReportinB 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 IFRS 102) (effective l January 20191. Page I
THE PENNINE CAMPHILL COMMUNrrY UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 OBJEcfivES AND ACTivrriES Objertives and actlvities The college operates under Memorandum and Articles incorporated 19 January 1977, with amended articles adopted by special resolution dated 14 April 2011. The charitable objects are: "For the public benefit. to relieve sickness, promote good health, provide care to and advance the education and training of: people with a disability (whether mental or physical}, the youn& the old, or people otherwise in need, in accordance wlth the prlnclples of Dr Rudolph Steiner, particularly (wlthout limitation) by the establishment and maintenance of intentional communities in the form of villages, residentlal houses, day centres, kindergartens, schools, colleges or other types of Social andlor educational community, in which beneficiaries live andlor work and/or to which they otherwise resort, in community with person5 providing SUPPOrt." We aim, through our college and day servlces, to provide effective education and day Service provision to students and graduates with complex SEND need5. Our curriculum meets EHCP outcomes, which focuses on independence, communication, self-regulation and progression towards employability through three discrete pathways, differentiated according to need. Suctess within these pathways direttly contribute5 to the charitable objects by measurably progressing students towards independence in the form of employment, further education, volunteering and other meaningful activity andlor supported living. Each pathway draws upon a range of education resources. Including labour-market oriented workshops. two lar8e halls and other learning space5 throughout a 40-acre space. These resources include a small animal care area. vegetable garden and orchard, specialist pottery, multi<raft, textiles and small animal care workshop5. The pathways are tailored to meet individual student aspiration and local labour market need, wFth embedded or standalone English and Maths. In many cases, where in the best interests of the students, pathways are augmented with externally accredited qualifications. Employability is embedded into the curriculum, wlth meaningful work experience, internships and placements. focused on six hlgh priorlty labour market needs: Environmental and Conservation, Digital, Retail, Health & Social Care / Education, Food and Manufacturing / Construction. There are also links to local day provision, further education and supported living. Our objective for all curricula is to provide skills and experience that are of value for the rest of a student's life, maximising their independence and their ability to contribute to their community through employment and volunteering. All students are encouraged to attend the social and leisure facllitles on offer, such as falrs, festlvals, concert5 and drama performances. Students attend for 36 weeks per year (full or part timel, while day services operates for either 36 or 50 weeks. Student5 can also attend holiday clubs in the college holidays. A decision to close residential services was made in 2023. This was due to a comblnation of factors, including inherent market risks driven by public fundlng constraints, staff shortages and a need to focus finite resources on the continuous improvement of our education and day service portfolio. Page 2
THE PENNINE CAMPHILL COMMUNITY LIMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 20Z4 2023/2024 was a continuation of the strateBY of rebuilding and establishing a sustainable, high quality offer, This was the second full year of a five-year plan, which includes the following objectives- Revisit and agree Vision and Values Expand and improve Day Services to enhance independence and work-related activity Maintain and retain a minimum DfE financial health score of Good - Gain Ofsted 'Good' grade by next full inspection Develop building and estates strategy to make effettive use of every building Promote Health & Wellbeing throughout all our services by encouraging exercise. healthy eatin& and promoting good mental health practice Galn Investors in People standard as a recognition of the quality of our workplace Retain Ofsted 'Good' grade at following full inspertion Page 3
THE PENNINE CAMPHILL COMMUNITY LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 ACHIEVEMEpif AND PERFORMANCE Charitable activltles and performance The next iteration of the strategic plan has focused heavily on raising quality, wrth three objettives for the year: -Be consistently Good -Provide an offer that stakeholders want and need -value and invest in our staff to make us the employer of choice Of5ted visited us In June 2024 for a very positive Monitoring Visit. resultin8 in 4 x measures of Reasonable Progress. Selected comments from the report included: 'Leaders have provided clear guidance, training and support for staff to improve their effectiveness when managing behaviour in line with learners. EHC plan outcomes. Teachin8 Staff now include the therapy team when considering appropriate strate8ie5 to keep learners focused on their studies. For example, should learners return to class from lunchbreaks agitated, staff respond skilfully using the support and de-e5calation techniques suggested by the therapy team. This helps avoid learners, Potentially poor behaviour from escalating, ensuring that lessons continue WhoUt dlsruption. 'Advanced prartitloners work effectlvely to traln staff on how to use the results of inrtial assessment to plan and review learnlng. Teachers now plan mathematics learning with high-quality and well-contextualised creative learning activities. For example, learners sell the goods that they make in craft workshops and during horticulture activities and handle money from customers. indudln8 the use of card machlnes. These activities help learners to consolidate their mathematlcal skills., 'Parents and carers are very complimentary about the improvements made at the college, Including the communication that they receive about their children's progress. M05t parents are positive about the plans for their children's next steps., 'Staff have Clear plans for learners to move on to a range of destinations, including employment, further training and independent livin& as they approach the end of their education at the college. In 2024, 65 students attended college and 24 people regularly attended day services. For the academic year 2023124: Overall college attendance was 92.3%. 71% of students studying Functional Skills Maths and Engllsh achieved a pass grade 100% of students leaving Camphill Wakefield had a positive destination Overall retention rate was 88.5% Page 4
THE PENNINE CAMPHILL COMMUNrrY UMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 FINANCIAL REVIEW Flnanclal review The financial statements shows a net loss of £438,1351£39,956 net gain in 20231. This is a one-off posltion, as a result of the need to close residential services in-year, and exacerbated by lower student numbers following the Ofsted Inadequate of 2022, which led to lower refeThals for the 2022123 and 2023124 academic years. Total incoming resources for the year was £3,061,232. of which £2.935,669196%1 is from ESFA and Local Authority contrartS to deliver education or care for young people with SEND, primarily to deliver EHCP outcomes which are focused on independence, communication, self-regulation and progression toward5 employability. As a charity, we enjoy a favourable tax position on our activities and have only recently been able to partially reclaim VAT as a result in the changes following the 2024 Budget statement which put VAT on private school fee5. Reserves and financlal health The Trustees regularly review the finances, budgets and spend against budget together with a monthly cash flow analysis as part of the effettive stewardship of the or8anisation. The Trustees have been able to draw upon strong Corporate Social Responsibility activity which will achieve many of the strategic objectives for building maintenance and refurbishment. This is an ongoing plan for five years with the end goal of providing excellent and energy efficient learning facilities for all our young people, whilst also preserving the opportunity to re-enter the resldentlal market should economlc condrtions change. The Trustees consider that the need to invest in providin8 a stable platfomi for quality education and care is an absolute priority. The Trustees recognise that the level of reserves fluttuate during periods of Investment in the facilities. This risk is mitigated by an overdraft facility, which will be maintained and used to manage unanticipated cashflow needs whilst the investment takes effert. Following the one-off 23124 loss-making posttion, the priority 15 to rebuild a free reserve, with the Trustees passing a reserves policy that will ensure the ability to manage three months of anticipated spend with an interruption of income. For the same reason, we do not currently hold investments to a significant level. Developments and malntenance Major projects include continuing an efficiency upgrade programme for heating and hot water across the site. This mitigated the impact of the huge increase in utility costs, along with a renegotiation of contracts at a substantially better rate. The facilities continue to be upgraded in order to maximi5e the progress towards Ofsted Good, including improving the environment, equipment, educational resources and sensory equipment. This is now being supported by a very effective Corporate Social Responsibility pro8ramme with a consortium of large Yorkshire- and UK-based businesses from a variety of sertors. Page 5
THE PENNINE CAMPHILLCOMMUNITY LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 FUTURE PLANS We continue an upward trajectory towards consistently Good provision. This is reflected in regular positive feedback from Ofsted, ESFA and Local Authorities. As the change period closes and we move on to develop fundraising and growth strategies. Indicators are that we wlll move to capacity Icirca 100 students and 35 day services graduates) and diversification Into new markets including developing our enterprise portfolio. Whllst the current national government policy of SEND inclusivity is a risk, this has not reduced the number of referrals, as our offer is aimed at students and graduates who have struggled in previous inclusive settings. Key strands to the quality improvement process has meant an: Increase in the impact of our teachin& leading to greatly increased destinations and measures of independence Increase of the quality and quantity of social care day services offer. Includin8 much increased diversity of relevant activities, aligned to employability. the local labour market and contribution to the community Extension to the employability and enterprise offer so that students are more able to move towards, or Into. employment Admissions for 2025/26 are ahead of the trajectory for last year. It is believed that this is due to improved reputation, the gain of Settion 41 status, improved marketing and the inclusion on a region-wide Approved Provider framework. Therefore, early projections are that we will welcome Breater numbers of students in September 2025. Day Service5 continues to be well received and in demand, and has grown steadily throu8hout 24125, so will continue to be a growth area for 2025126. The cost of c105ing residential created a cashflow concern, which was mitigated by streamlining budgets, identifying and delivering efficiency savings and resulted in a 105s-making position in 23/24. This was mitigated by releasing a building for Sale, which was completed in January 2025. This has allowed the leadership team to project a return to surplus making as the 2024125 Flnanclal Year progresses. Challenges for 2025126 include a need to ralse the standards of pay and the contratt terms to ensure our progress In staff retentlon, recruitment and wellbein8 continues. This has been planned for, and will come to fruition as soon as the increased number of student Starters for 25126 have been confirmed. STRucfuRE, GOVERNANCE AND MANAGEMEMr Governing document The charity is controlled by its governing document, a deed of trust, and constitLrtes a limited company, limited by guarantee, as defined by the Companies Act 2006. Page 6
THE PENNINE CAMPHILL COMMUNITY UMrrED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 STRucfuRE, GOVERNANCE AND MANAGEMENr Trustees The Trustees are responsible for the overall management and control of Pennine Camphill Community Ltd., and meet six times a year. Implementation of the policies is undertaken by three comrnittees, each chaired by a Trustee who is elected annually. These committees also meet six times a year: Finance and Resources Safeguarding and Care Curriculum All Trustees give of their time freely and no remuneration or expenses were pald In the year. No Trustee or person connected with a Trustee received any benefit or contract from Pennine Camphill Communlty. Trustee recrultment is directed at filling skills shortages according to the results of regular Trustee skills audit. We target advertisements to relevant business and education leaders, as well as through the local community and parent networks. Where possible, the Trustees consider that the skills and experience of the board should include: Legal background Financial / accounting background Education experience Senior managerial. business or marketlng experience Experience of equal opportunities and/or disability needs Uved experience of SEND Trustees that are diverse and representative of the communty Interview is undertaken through an objective, scored process with at least three Trustee5. A recently developed Trustee induction pro8ramme includes safeguarding, governance and safer recruitment processes. Key management personnel The Trustees, Chief Executive Officer and two Departmental Heads constitute the Key Management Personnel. The Trustees give of thelr tlme freely and the pay and remuneration of the CEO is set by the Finance Commlttee against a pay scale, reviewed annually by the Finance and Resources Committee. A number of criteria are used in setting pay, including: Nature of the role and responsibilities Competitor salaries in the region - The sector avera8e salary for comparable positions - Trends in pav Page 7
THE PENNINE CAMPHILL COMMUNrrY UMITED REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 JULY 2024 STRUCTURE. GOVERNANCE AND MANAGEMEMr Organlsatlonal management The Trustees determine the general policy of the organisation and delegate day-to-day running of the organisation to the Chief Executive Officer. The CEO, two operational heads and three support services managers form the Senior Leadership Team and oversee all education, care, pastoral and administrative functions. Day to day adminlstration Is undertaken within the policies and procedures approved by the Trustees, which provide for only significant expenditure decisions and major capital projects to be referred to the Trustees for prior approval. The Senior Leadership Team, under delegated authority from the CEO, oversee the recruitment of all staff. Risk management The Trustees are responsible for overseein8 the risks to the or8anisation. Detailed consideration of the risk are delegated to the CEO. Risks are identified, assessed and controls monltored throughout the year on a risk register, using a PRACT approach (Prevention, Reduction, Acceptance, Contingency, Transference). The main risks that are currently identified include: -Quality of educatlon. An internal audit highlighted that there is a strong upward trajectory for all departments, particularly Including consistency and quality of care and support, as well as strong progress made by the Infrastructure team. The progre55 of the quality of education has been improved by strong performance5 by the middle leaders lin particular the Curriculum Manager and Advanced Practitioners), and our challenge for the remainder of the 2024125 academic year Is to ensure that this new quallty teaching is consistently achieved in all learnin8 environments -Finance. Followin8 a need to close the residential settin& finance and the ability to apply resource to maximise the pace of change has been limited. This has now been re501ved, and the ongoing mitigation is to ensure strong reputation and quality to attrart more students, which will allow us to further invest in our staff and build reserves We remain compliant with the Fundraising Regulator. More recently* we have begun to raise funds through combination of Corporate Social Responsibility partnerships, events, grant applications and continued growth in the Enterprise portfolio. Camphill Wakefield continues to be very proud of the enormous effort and achievement of all our students and residents, and looks forward to celebrating their successes for many years to come. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Company number 01294923 (England and Wales) Reglstered Charfty number 274192 Page 8
THE PENNINE CAMPHILL COMMUNITY UMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 20Z4 Reglstered office Pennine Camphill Communlty Wood Lane Chapelthorpe Wakefield West Yorkshire WF4 3JH Trustees Mr A Mclntyre Mr G C Franklin MrNHDodd Mr T Coen Mrsj E Barry Audltors Xeinadin Audit Limited Statutory Auditor 12 Victoria Road Barnsley South Yorkshire S70 2BB STATEMENTOF TRUSTEES, RESPONSIBILITIES The trustees Iwho are also the directors of The Pennine Camphill Community Limited for the purposes of company law} are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Klngdom 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 affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charity SORP- make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basls unless it is inappropriate to presume that the charitable company will continue In business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detertion of fraud and other irregularities. Page 9
THE PENNINE CAMPHILLCOMMUNITY LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 5fATEMENT OF TRUSTEES, RESPONSIBILITIES- continued In so far as the trustees are aware.. there is no relevant audit Information of which the charitable company's auditors are unaware; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. AUDITORS The auditors, Xeinadin Audit Limited. will be proposed for re-appointment at the forthcoming Annual General Meeting. Approved by order of the board of trustees on 28 April 2025 and si8ned on its behalf by: Mr A Mclntyre- Trustee Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE PENNINE CAMPHILL COMMUNITY LIMITED Opinion We have audited the financial Statements of The Pennine Camphill Community Limited (the 'charitable company'l for the year ended 31 July 2024 whlch comprlse the Statement of Financial Activities. the Balance Sheet, the Cash Flow Statement and notes to the financial statements. including a summary of slgnlficant accounting policies, The financial reporting framework that has been applied in their preparation is applicable law and United Kin8dorn Accountin8 Standards Iunited Kingdom Generally Accepted Accountin8 Practice). In our opinion the financial Statements: give a true and fair view of the state of the charitable company's affairs as at 31 July 2024 and of its incoming resources and application of resources, including its income and expenditure. for the year then ended; have been properly prepared Sn accordance with United Kingdom Generally Accepted Accounting Practlce; and have been prepared in accordance with the requirement5 of the Companies Art 2006. Basls for opinion We conducted our audit in accordance with International Standards on Auditing IUKI {ISAs IUK}l and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are felevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relating to 80ing concern In auditing the financial statements, we have concluded that the trustee5' use of the goin8 concern basls of accounting in the preparation of the financial statement5 is appropriate. Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees wlth respect to going Concern are descrlbed in the relevant sections of thls report. Page 11
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE PENNINE CAMPHILL COMMUNITY LIMITED Other Inforrnation The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our oplnlon on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material mi55tatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed. we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnions on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course ofthe audlt: the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements", and the Report of the Trustees has been prepared in accordance with applicable legal requirements, Matters on which we are requlred to report by exceptSon In the light of the knowledge and understanding of the charltable company and its environment obtalned in the course of the audit, we have not identified material mi5Statements in the Report of the Trustees. We have nothingto report in respect of the followlng matters where the Companies Att 2006 requlres us to report to you If. in our opinlon: adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us: or the financial statements are not in agreement with the accounting records and returns: or certain disclosures of trustees, remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or the tnjstees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responslbllltles of trustees As explained more fully In the Statement of Trustees, Responsibilities, the trustee5 {who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is nece55ary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concem, disclosin& as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Page 12
REPORT OFTHE INDEPENDENf AUDITORS TO THE MEMBERS OF THE PENNINE CAMPHILLCOMMUNITY LIMITED Our responsibllitles for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error, and to issue a Report of the Independent Audltors that Includes our opinion. Reasonable assurance is a high level of assurance. but is not guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material mi55tatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of u5er5 taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities. including fraud 15 detailed below: We gained an understandlng of the legal and regulatory framework applicable to the company and the Industry In whith it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We desi8n audit procedures to respond to the risk, recognising that the risk of not detectin8 a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, includin& but not limited to the Companies Act 2006 and SORP. Our tests Included agreeingthe financial statement disclosures to underlying supportin8 documentation and enquiries with managernent. We did not identify any key audwt matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of Internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transartions reflected in the financial statements, as we will be less Ilkely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurrinB due to fraud rather than error, as fraud involves intentlonal concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.or8.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Page 13
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE PENNINE CAMPHILL COMMUNITY LIMITED Use of our report This report is made solely to the charitable company's members, as a body. In accordance wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charltable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, forthis report, or for the opinions we have formed. Scott Mell (Senior Statutory Auditor) for and Dn behalf of Xelnadin Audit Limited Statutory Audltor 12 Victoria Road Barnsley South YorkshlrÈ S70 2BB Date: 28 April 2025 Page 14
THE PENNINE CAMPHILL COMMUNITY LIMrrED STATEMENT OF FINANCIAL AcfiviTIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2024 31.7.24 Total fvnds 31.7.23 Total funds Unrestricted Restricted fund funds Designated fund Notes INCOME AND ENDOWMENfs FROM Donations and legacies 9,604 9,604 26.620 Charltable actlvltles Charitable 2,965.369 86.259 3.051,628 3,974,141 Investment income 14 Total 2,974,973 86,259 3.061.232 4,000.775 EXPENDITURE ON Charitable artlvltles Charitable 3,499,096 271 3.499.367 3,960,819 NET INCOME/IEXPENDrruRE) Transfers between funds (524,123) 56,026 85,988 156.026} 1438,135) 39,956 20 Net movement In funds (468.097) 29.962 1438,135) 39,956 RECONCILIATION OF FUNDS Total funds brou8ht forward 3,768.259 111,984 3,880.243 3,840,287 TOTAL FUNDS CARRIED FORWARD 3,300,162 141,946 3.442.108 3,880,243 The notes form part of these financial statements Pa8e 15
THE PENNINE CAMPHILL COMMUNrrY LIMITED BALANCE SHEEr 31 JULY 2024 31.7.24 Total funds 31.7.23 Total funds Unrestricted Restricted fund funds Desi8nated fund Notes FIXED ASSErs Tangible assets Investments 12 4.270,219 13 1,731 141.946 4.412.165 1.731 4,804.652 1,731 4.271.950 141,946 4.413, 4,8C6,383 CURRENT ASSErs Debtors Assets held for resale Cash in hand 14 15 193,776 380,223 14,236 193,T16 380,223 14.236 607.499 123,348 588,235 588,235 730.847 CREDITORS Amounts falling due within one year 16 (623.764) {623.764) (645,2221 NEf CURRENT ASSErs 135,529) (35,529) 85,625 TOTAL ASSEfs LESS CURRENT LIABIUTIES 4,236.421 141.946 4.378,367 4,892,008 CREDITORS Amounts falling due after more than one year 17 (936.2591 (936.259) 11,011,765) NEf ASSErs 3,300,162 141,946 3,442,108 3,880,243 FUNDS Unrestricted funds Restricted fund5 20 3.300.162 141.946 3,768,259 111,984 TOTAL FUNDS 3.442.108 3,880,243 The notes form part of these financial statements Page 16 continued...
THE PENNINE CAMPHILL COMMUNITY UMITED BALANCE SHEEf- continued 31 JULY 2024 These financial staternents have been prepared in accordance with the provisions applicable to charltable companies subjett to the small companies regime. The financial statements were approved bythe Board of Trustees and authorised for issue on 28 April 2025 and were signed on its behalf by.. Mr A Mclntyre- Trustee The notes form part of these financial statements Page 17
THE PENNINE CAMPHILL COMMUNrrY LIMrrED CASH FLOW sfATEMENT FOR THE YEAR ENDED 31 JULY 2024 31.7.24 31.7.23 Notes Cash flows from operating activities Cash generated from operations Interest paid (84,0471 181.0671 (134,2651 (73,2111 Net tash used in operatlng actlvlties (165,114) (207.476) Cash flows from Investlng artlvltles Purchase of tangible fixed assets Sale of tan8ible fixed assets Interest received (8A361 13,501 1191,4541 14 Net cash provided by/lused inl investing artivities 5.065 1191,4401 Cash flows from financin8 activities Loan repayments in year 171,181) 166,8571 Net cash used in financing activities (71,181) {66,857} Chan8e in cash and cash equivalents in the reporting period Cash and cash equlvalents at the be8inning of the reportin8 period (231,230) 1465,773) 199,9571 365,816 Cash and cash equlvalents at the end of the reportlng perlod 1331,187) 199,9571 The notes form part of these financial statements Page 18
THE PENNINE CAMPHILLCOMMUNITY LIMED NOTES TO THE CASH FLOW sfATEMENT FOR THE YEAR ENDED 31 JULY 2024 RECONCILIATION OF NEf IEXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIES 31.7.24 31.7.23 Net (expendlture)nntome for the reportln8 perlod {as per the Statement of Financial Activities) Adjustments for: Depreclation charges Profrt on dlsposal of fixed assets Interest received Interest paid Loss on revaluation of assets Decreasellincreasel in debtors {Decrease}/increase in creditors 1438.135) 39,956 14.744 (7,544) 9,901 1141 73.211 1,468 1540,5321 281,745 81,067 413.350 (147,529) Net cash used In operatlons (84.0471 1134.265) ANALYSIS OF CASH AND CASH EQUIVALENTS 31.7.24 31.7.23 Cash in hand Overdrafts included in bank loans and overdrafts falling due within one year 14,236 123,348 (345,423) {223,3051 Total cash and cash equlvalents (331,187) 199,9571 The notes form part of these financial statements Page 19
THE PENNINE CAMPHILL COMMUNITY LIMrrED NOTES TO THE CASH FLOW STATEMEMr FOR THE YEAR ENDED 31 JULY 2024 ANALYSIS OF CHANGES IN NET DEBT At 118123 Cash flow At 31n124 Net cash Cash at bank and In hand Bank overdraft 123.348 1109,112) 14.236 (223,305) 1122,1181 1345,4231 (99.957) 1231.2301 1331.1871 Debt Debts falling due within l year Debts falling due after l year (66.857) (1,011.765) (4.325) 75.506 (71.182) (936.259) (1,078,622 71,181 {1,007,441) Total (1,178.5791 (160.049) 11,338.628) The notes form part of these financial statements Page 20
THE PENNINE CAMPHILL COMMUNITY UMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POUCIES General informatlon and basls of pparIng the flnancial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Prartice applicable to chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 2019)., Financial Reporting Standard 102 'The Financial Reportin8 Standard applicable in the UK and Republic of Ireland, and the Companies Act 20C6. The financial statements have been prepared under the historical cost convention. with the exception of investments which are included at market value, as modified by the revaluation of certain assets. The Pennine Camphill Community Limited Is a company limited by guarantee. In the event of the charity being wound up, the Ilablllty In respect of the guarantee 15 limited to £1 per member of the charity. The address of the registered office is given in the charity information on page l of these flnancial statements. The nature of the charity's operations and principal activities are the provision of college facilities for young people with learning difficulties. The financial statements are presented in sterllng which is the functional currency of the charity and rounded to the nearest pound. The SiEnificant accounting policies applled in the preparation of these financial Statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Going concern The Trustees are required to consider whether the company can continue its operational existence for the foreseeable future, that is at least 12 months from the date of signing this report. In assessing the appropriateness of the going concern assumption, the Trustees have reviewed detailed forecasts and projections, which consider all reasonably potential scenarios and uncertainties in relation to income and funding from all sources and associated expected future outgoings. Based on these forecasts the company can meet its liabilities as they fall due and the Trustees have concluded that It is appropriate for the financial Statements to be prepared on a going concern basis. Critlcal accountlng Judgements and key sources of estlmatlon uncertalnty No cr5tlcal accounting judgements have been in the process of applying the below accounting policies that have had the most signrficant effect on amounts recognised in the financial statements. There are no key assumptions conceming the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year. Page 21 continued...
THE PENNINE CAMPHILL COMMUNITY UMrrED NOTES TO THE FINANCIAL STATEMENfs- continued FOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POUCIES- continued Income All incomin8 resources are included in the Statement of Financial Activitles ISOFAI when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be recelved. For donatlons to be reco8nlsed the charitywill have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled, No amount 15 included in the financial statements for volunteer time in line with the SORP IFRS 102). Further detail is given in the Trustees, Annual Report. Income from trading activities includes income earned from fundraising events and tradlng actlvltles to raise funds for the charfty. Income is recÈived in Èxchange for supplying goods and services in order to raise funds and is recognised when entitlement has occurred. Income from govemment and other grants is recognised at fair value when the charity h35 entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amount5 are deferred. These grants and voluntary income are included in incomin8 resources when these are receivable and allocated appropriately between unrestricted and restricted income depending upon restrictions imposed. Investment income Is earned through holdin8 assets for investment purposes such as shares. It includes dlvldends and is recognised when the amount can be measured reliably. All other funds are unrestricted income funds. The funds held in eath of these categories are disclosed in note 20. Expendlture All expenditure is accounted for on an accruals basis and has been classified under headings that a8gregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third partles. It Is probable that the settlement will be required and the amount of the obllgatSon can be measured reliably. Charitable activitie5 include expenditure associated with helpin8 people with mental health problems, their carers and relatives. This include5 both the direct costs and sUPPOrt costs relating to these activities. Page 22 continued...
THE PENNINE CAMPHILLCOMMUNrrY LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POUCIES- contlnued Expendlture Support costs are those that assist the work of the charity but do not direttly represent charitable actlvltles and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and Include project management carried out at Headquarters. Where support costs cannot be dirertly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charltable activitie5 on basis consistent with use of the resources. Tangible flxed assets Tangible fixed assets are stated at cost lor deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost Includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over Its expetted useful life as follows: Motor vehicles 25% on reducing balance Computer equipment 20% on reducing balance No depreciatSon is provided on freehold land and buildings, as estimated residual value is considered to be in excess of its current carrying value. In addition, expenditure is incurred annually in order to maintain the economic life of the charitable company's buildings. Taxatlon The charity is exempt from corporation tax on it5 charitable activities. Fund accountin8 Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the note5 to the financial statements. Restricted funds can only be used for particular restritted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statement (note 23). Pension costs and other post-retlrement benefits The charitable company operates a defined contributlon plan for the benefit of Its employees. Contributions are charged to the Statement of Flnancial Activities as they become payable. Page 23 continued...
THE PENNINE CAMPHILL COMMUNITY UMrrED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POLICIES- continued Loans and borrowln8S Loans and borrowings are initially recognised at the transaction prlce including transaction costs. Subsequently, they are measured at amortised cost usin8 the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. DONATIONS AND LEGACIES 31.7.24 31.7.23 Donation5 and appeals Sundry income 344 9.260 9,6th) 17,020 9,604 26,620 Incorne from donations and legacies was £9,604 {2023- £26,620) of which £nil 12023- £nil) was attributable to restricted and £9,60412023- £26,620) was attributable to unrestricted funds. INVESTMENT INCOME 31.7.24 31.7.23 Interest receivable 14 Income from investments was £nil 12023 £14} of which £Nil 12023 - £nill was attributable to restrirted and £nil12023 - £141 was attributable to unrestricted funds. Page 24 continued...
THE PENNINE CAMPHILL COMMUNrrY LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 JULY 2024 INCOME FROM CHARITABLE AcfiviTIES 31.7.24 31.7.23 Activity Charitable Charltable Fees Other income 2,935,669 115.959 3,960.390 13,751 3,051,628 3,974.141 Income from charltable actlvltles was £3,051,628 12023 £3,974,141) of which £86,259 12023 £64.2631 was attributable to restricted and £2,965,369 12023 - £3,909,878) was attributable to unrestricted funds. CHARITABLE ACTIVITIES COSTS Support C05ts15ee note 61 Direct Costs Totals Charitable 2,732,709 766,658 3,499.367 SUPPORT COSTS Governance costs Management Finance Totals Charitable 606.123 87,470 73,065 766,658 Support Costs, included in the above. are as follows- 31.7.24 31.7.23 Total activitie5 Charitable Wa8es and salaries Social security Bank and credit card charges Interest payable and similar charges Auditors, remuneration Auditors, remuneration for non audit work Legal and professional fees 553,593 52,530 6.403 81,067 17.400 374.654 34,791 4,575 73,211 13,8(X) 39,187 16.478 15.757 51,601 766.658 568,389 Page 25 continued...
THE PENNINE CAMPHILL COMMUNrrY LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 JULY 2024 NEf INCOME/(EXPENDtruRE) Net incomellexpenditure) 15 Stated after chargingllcreditln81: 31.7.24 31.7.23 Depreclatlon - owned assets Surpluslldeficitl on disposal of fixed assets 14,743 {7,544) 9,901 1,468 AUDITORS. REMUNERATION 31.7.24 31.7.23 Fees payable to the charity's auditors for the audit of the charity's financial statements Auditors, remuneration for non audit work 17,400 39,187 13,8 15,757 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31July 2023. 10. STAFF COSTS 31.7.24 31.7.23 Wages and salaries Social security costs Other pension costs 2,136,753 187,205 95,444 1,960.115 170,211 73.174 2.419,402 2,203,5C(I The average monthly number of employees duringthe year was as follows: 31.7.24 88 31.7.23 85 Administration, teaching and secretarial The number of employees whose employee benefits (excluding employer pension c05t51 exceeded £60,000 was: 31.7.24 31.7.23 £60,iKIi - £70,000 Page 26 continued...
THE PENNINE CAMPHILL COMMUNITY LIMrrED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 JULY 2024 10. STAFF COSTS - continued The total amount of employee benefits received by key management personnel is £197,257 {2023 - £191.349}. The Trust considers its key management personnel compromise Chief Executive Officer and members of the Senior Mana8ement Team. The company makes contributions into individual co-workers pension schemes. Contributions are charged to the statement of financial activities and for the year ended 31 July 2024 were £95,444 12023.. £73,174). 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted Restricted fund funds Designated fund Total funds INCOME AND ENDOWMENTS FROM Donation5 and le8acies 26,620 26,620 Charitable actlvlties Charitable 3,909,878 64,263 3,974,141 Investment income 14 14 Total 3,936,512 64,263 4,000,775 EXPENDITURE ON Charltable activities Charitable 3,960,819 3.960,819 NEf INCOME/{EXPENDITURE) Transfers between funds 124,307) 511,118 64,263 39.956 {511,1181 Net movement in funds 486,811 64,263 {511,118) 39.956 RECONCILIATION OF FUNDS Total funds brought fonmard 3,281,448 47,721 511,118 3.840.287 TOTAL FUNDS CARRIED FORWARD 3,768,259 111,984 3,880,243 Page 27 continued...
THE PENNINE CAMPHILL COMMUNITY UMITED NOTES TO THE FINANCIAL 5TATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2024 12. TANGIBLE FIXED ASSETS Freehold property Motor vehicles Computer equipment Totals COST At l August 2023 Additions Disposals Reclassification 5.553,951 81,929 104.356 8.436 5,740,236 8,436 163,934) 1380.223 163,934) 1380,2231 At 31 July 2024 5,173,728 17.995 112,792 5304.515 DEPRECIATION At l August 2023 Charge for year Eliminated on disposal 816,953 71,447 1,653 157,977) 47,184 13.090 935,584 14.743 (57,9771 At 31 July 2024 816,953 15,123 60,274 892,350 NET BOOK VALUE At 31 July 2024 4,356,775 2,872 52,518 4.412.165 At 31 July 2023 4,736,998 10,482 57,172 4,804,652 13. FIXED ASSET INVESTMENTS Unlisted investments MARKET VALUE At l August 2023 and 31July 2024 1,731 NEf BOOK VALUE At 31 July 2024 1,731 At 31 July 2023 1.731 There were no investment assets outsidethe UK. Page 28 continued...
THE PENNINE CAMPHILL COMMUNITY LIMrrED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 JULY 2024 13. FIXED ASSEf INVESTMEMfs- contlnued Cost or valuation at 31 July 2024 is represented by: Unlisted Investments Valuation in 2023 1.731 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.24 31.7.23 Trade debtor5 Prepayments and accrued income 174,052 19,724 586,080 21,419 193,776 607,499 15. A55Ef5 HELD FOR RESALE 31.7.24 31.7.23 Property 380,223 16. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.7.24 31.7.23 Bank loans and overdraft51see note 181 Trade creditors Social security and other taxe5 Other creditors Deferred income Accruals 416,605 75.076 42,529 26,762 50,000 12,792 290,162 258.188 52,051 15,574 29,247 623,764 645,222 Page 29 continued...
THE PENNINE CAMPHILL COMMUNITY UMrrED NOTES TO THE FINANCIAL STATEMENTS - corbtlnued FOR THE YEAR ENDED 31 JULY 2024 17. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 31.7.24 31.7.23 Bank loans (see note 18} 936,259 1,011,765 18. LOANS An analysis of the maturity of loans is given below.. 31.7.24 31.7.23 Amounts falling due within one year on demand: Bank overdrafts Bank loans 345,423 71,182 223,305 66,857 416.605 290,162 Amounts falling due between two and five years: Bank loans- 2-5 years 213,546 267.428 Amounts falling due in more than five years: Repayable by instalments: Bank103ns more 5 yr by Instal 722.713 744,337 19. SECURED DEBTS The following secured debts are included within creditors: 31.7.24 31.7.23 Bank overdrafts Bank loans 345,423 1.007,441 223.305 1,078,622 1.352.864 1,301,927 The bank loan and overdraft are secured by means of a fixed and floating charge over the assets of the charitable company. The bank103n is repayable by installments and interest is charged on normal commercial terrns. Page 30 continued...
THE PENNINE CAMPHILL COMMUNITY LIMrrED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 JULY 2024 20. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31n124 At 1/8/23 Unrestrlcted funds General fund 3,768,259 (524,123) 56,026 3,300,162 Restrlcted fvnds Restricted Funds ESFA Capital Fund Other ESFA income DFC Capital grant Ment31 health Training Fund ASDA Foundation Grant Grow Back Greener Programme 156.026) (56,0261 118,864 3,581 45.048 70,946 3,581 37,186 47,918 7.862 265 (265) 30.479 30.479 111,984 85,988 156,026) 141,946 TOTAL FUNDS 3,880.243 1438,1351 3.442,108 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrirted funds General fund 2,974,973 13,499,096) (524,123) Restrlrted funds ESFA Capital Fund DFC Capital grant Mental heah Training Fund ASDA Foundation Grant Grow Back Greener Programme 47,918 7.862 47.918 7.862 1265) 1265) 30,479 30.479 86,259 1271) 85,988 TOTAL FUNDS 3,061,232 3,499,367) 1438,1351 Page 31 ntinued...
THE PENNINE CAMPHILL COMMUNrrY LIMITED NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 JULY 2024 20. MOVEMENT IN FUNDS- contlnued Cornparatlves for movement In funds Net movement in funds Transfers between funds At 31/7123 At 118122 Unreslrlcted funds General fund 3,281,448 124,3071 511,118 3,768,259 Restrlrted funds ESFA Capital Fund Other ESFA income DFC Capital grant Mental health Tralnlng Fund ASDA Foundation Grant 6,683 3,581 37,186 64.263 70,946 3,581 37,186 265 265 47,721 64,263 111,984 Designated Funds 511.118 1511,118 TOTAL FUNDS 3,840,287 39.956 3.880,243 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 3,936,512 13,960,819) {24,3071 Restrirted funds ESFA Capital Fund 64,263 64,263 TOTAL FUNDS 4,000,775 13,960,819) 39,956 Page 32 continued...
THE PENNINE CAMPHILLCOMMUNITY LIMITED NOTES TO THE FINANCIAL 5TATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2024 20. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 3117/24 At 118122 Unrestricted funds General fund 3.281,448 {548,4301 567.144 3,300,162 Restricted funds Restricted Funds ESFA Capital Fund Other ESFA income DFC Capital grant Mental health Training Fund ASDA Foundation Grant Grow Back Greener Programme 156,0261 156,026) 118.864 3,581 45,048 6.683 3,581 37,186 112.181 7.862 161 12651 30,479 265 30.479 47,721 150,251 156,026 141,946 Designated Funds 511,118 1511,1181 TOTAL FUNDS 3,840,287 1398,1791 3,442,108 Page 33 continued...
THE PENNINE CAMPHILL COMMUNITY LIMITED NOTES TO THE FINANCIAL STATEMENfs- contlnued FOR THE YEAR ENDED 31 JULY 2024 20. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resource5 Resources expended Movement in fund5 Unrestrlcted funds General fund 6,911,485 17,459,915) (548,4301 Restricted funds ESFA Capital Fund DFC Capital 8rant Mental health Training Fund ASDA Foundation Grant Grow Back Greener Programme 112,181 7,862 112,181 7,862 (61 12651 30,479 (61 12651 30,479 150,522 {271) 150.251 TOTAL FUND5 7,062,007 17,460,186) {398,1791 21. OTHER FINANCIAL COMMftMENTS There were no financial commitment5 as at the year end12023'. £2,539). 22. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 July 2024. 23. DESCRivlloN OF FUNDS The ESFA Capital Grant relates to monies recelved from the ESFA towards capital projeds planned in order to maintain the fabric of the site. The balance of unspent funds received In the prior year have been carried forward to year ended 31 July 2024 . wlth further funding beln8 receNed during this financial year. The DFC Capltal Fund has been awarded to the school by the ESFAto use towards repairs and capital Items required to maintain the fabric of the site. Kirklees Council awarded the school some monies during the year as part of the White Rose Forest, Grow Back Greener Programme. The funds will be spent on the creation of new woodland and urban tree planting. As at the year end, all funds received remained unspent. Further funding is expecting to be received in the followingfinancial year and the programme will get underway. Page 34 continued...
THE PENNINE CAMPHILL COMMUNrrY LIMrrED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2024 24. SUBSEQUENT EVENTS Post year end, the Charity sold surplus assets for consideration of £450,000. Pa8e 35
THE PENNINE CAMPHILL COMMUNITY UMrrED DEfAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024 31.7.24 31.7.23 INCOME AND ENDOWMENTS Donatlons and legacies Donations and appeals Sundry income 9,600 17,020 9,260 26,620 Investment Income Interest receivable 14 Charltable artivities Fees Other income 2,935.669 115,959 3.960,390 13,751 3.051.628 3.974.141 Total Incomln8 resources 3.061,232 4,000,775 EXPENDITURE Charltable artivitie5 Wages Social security Pensions Insurance Light and heat ILT expenses Household expenses Student education and training expenses Repairs and renewals Office expenses Student support expenses Motor and travel expenses Food Organisational expenses Carrled forward 1,583,160 134,675 95.444 37,038 132,800 93,717 34,509 36.514 93,323 88.684 56.670 6,690 19,972 19,204 2.432.400 1,585,461 135,420 73.174 38,096 157,313 194,157 39,961 119,072 144,679 70,463 120.123 12,036 42,598 15.394 2,747,947 This page does not form part ofthe statutory financial statements Page 36
THE PENNINE CAMPHILL COMMUNrrY LIMrrED DEfAILED STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 JULY 2024 31.7.24 31.7.23 Charltable actlvlt5es Brought forward Donations HR costs Rent Agency staffing costs Motor vehicles depreciation Computer equipment depreciation Loss on revaluation of fixed asset investments Loss/lprofit) on sale of tangible llxed assets 2,432,400 2,747,947 120 147,658 285 485.051 3,494 6,407 49,251 570 243,Z88 1.654 13,090 1,468 (7,5441 2,732,709 3,392,430 Support costs Management Wages and salaries Soclal security 553.593 52,530 374,654 34,791 606.123 409,445 Finance Bank and credit card charges Bank interest payable 6,403 81,067 4,575 73,211 87,470 77,786 Governance costs Auditors, remuneration Auditors, remuneration for non audlt work Legal and professional fees 17,400 39.187 16,478 13,8CKJ 15,757 51,601 73,065 81.158 Total resources expended 3,499,367 3,960,819 Net {expendlture)/lncome (438,135) 39,956 This page does not form part of the statutory financial statements Page 37