2022-01-31-accounts

Draft version: 23/9/2022

Registered number: 01435068 Charity number: 278173

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

CONTENTS

	Page
Reference and Administrative Details of the Company, its Trustees and Advisers	1
Trustees' Report	2 - 9
Independent Auditors' Report on the Financial Statements	10 - 13
Statement of Financial Activities	14
Balance Sheet	15
Statement of Cash Flows	16
Notes to the Financial Statements	17 - 31

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JANUARY 2022

Trustees	J C F Hitchins
	S E Gill
	D M Kemp-Gee
	N Colquhoun (resigned 11 June 2021)
	F H R McPhail
	J S Monk (resigned 2 September 2021)
	L Rutter (resigned 24 June 2022)
	D L White
	N A De Pulford
	K Gilbraith (appointed 21 January 2022)
Company registered number 01435068 Charity registered number 278173 Registered office Hapstead Village Buckfastleigh TQ11 0JN Company secretary P L McDonald Chief executive officer S Whittingham Independent auditors Bishop Fleming LLP Chartered Accountants 2nd Floor Stratus House Emperor Way Exeter Business Park Exeter EX1 3QS Bankers National Westminster Bank Plc South Devon Business Centre Riviera House, PO Box 69 Nicholson Road Torquay Devon TQ2 7YL Solicitors WBW Church House Queen Street Newton Abbot Devon TQ12 2QP

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CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2022

The Trustees present their annual report together with the audited financial statements of the company for the year 1 February 2021 to 31 January 2022. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

Charitable objects:

The Charity’s core Objects, as set out in its Memorandum of Association, are the establishment of a Community for adults with learning disabilities with the benefits of a fulfilling life and providing occupation and skills such as in agricultural, horticultural and craft based activities. These Objects are in accordance with the principles of the late Dr Rudolf Steiner. The Board of Trustees adopted a revised Memorandum of Association in March 2007 and the Charity’s Objects were broadened in agreement with the Charity Commission for all Camphill communities.

Aims:

Within these Objects, the Charity’s aims are to provide an environment where every member of the Community is given the care and support to fulfil his or her potential, to encourage the values of being part of an intentional community while enabling each individual to develop their own social and occupational lifestyle. The Charity values and promotes social inclusion by assisting people to be fully engaged in the local community.

The objectives for the year were discussed by the Trustees and established as:

• Maintaining the quality of our care services in line and developing plans to introduce a transition offer

• between Registered Care and Supported Living.

• Maintaining the financial stability of the Charity in the light of increasing pressure on Local Authority

• funding, this includes completing the fee review programme

• Completing the repairs programme identified from last year’s condition survey and implementing a

• revised water supply system

• Planning for a return to normal activity as the coronavirus crisis eases.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

The Charity continues to plan ahead to ensure that the changing needs of residents can be met in the future in terms of the accommodation and support provided, and the day service activities offered. Support Plans for each resident, prepared on a continuous basis and reviewed at least annually, provide effective monitoring of needs and the Charity continues to work with local authorities to ensure that fees are commensurate with individual needs and the physical environment continues to meet these needs.

Effective management of the budget and close monitoring by the Finance and Development Committee ensure that needs are being met within available funds.

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CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

c. Statement of public benefits

(based upon Principles 1 & 2 of the Charity Commission Guidance)

1. The aim of Camphill Devon Community (referred to as ‘The Community’) is to provide an environment where every member of the Community is given the care and support to fulfil his or her potential, to encourage the values of being part of a community while enabling each individual to develop their own social and occupational lifestyle whether they live within the residential homes or their own tenancies. The benefits deriving from the aim is to provide adults with learning disabilities with:

2. a safe and supportive environment in which to live and receive support according to need

3. opportunities to take part in activities which provide meaningful daily occupation, training and the acquisition of skills which lead to an increase in self esteem and independence

4. the support of a community ethos where people are valued as individuals

5. opportunities to take part in local activities such as education, leisure and work

6. In our view, there are no elements of the aims of Camphill Devon Community which might be responsible for detriment or harm to individuals or organisations either within or outside the Community. To the best of our knowledge, there are no views held by individuals or organisations outside the Community that the Community’s aims could or do cause detriment or harm.

7. The aims of Camphill Devon Community are intended to benefit adults with learning disabilities who require care and support in a Registered Care Home or in Independent Living Accommodation, or who may wish to access Day Care Activities within the Community.

8. The restrictions as to who may have the opportunities to benefit from the aims of Camphill Devon Community are defined below;

9. There is no geographical area that defines which individuals or organisations can benefit from the aims of the Community.

10. The restriction of the aims of Camphill Devon Community based on charitable need limit the beneficiaries to adults with learning disabilities who have been assessed by their local authorities or by independent social workers as being in need of support and care provided by a Registered Residential Care Home or by Independent Supported Living or by a Day Care provider.

11. The physical environment at Hapstead can be modified to suit the needs of individuals, recognising that the site is steep and in a rural location.

12. There are no membership based restrictions to the Community. Membership of the Community is automatically conferred on all residents of the Community.

13. The Trustees do not operate any particular criteria to decide who can benefit from the aims of the organisation other than those articulated here.

14. The Community requires that all adults with learning disabilities who benefit from the aims of the Community should have adequate funding (either from their local authority or from other sources) to meet the fees for their Care and Support. The Community operates no financial restrictions on the beneficiaries of their aims, and works in partnership with local authorities in order to meet people's individual needs.

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CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

Achievements and performance

a. Review of activities

Covid-19 implications

The year in review has continued to be influenced by the challenges of Covid-19. As a registered provider of a residential care home and supported living services for people with learning disabilities we have experienced several occasions of having to apply ‘Outbreak Restriction Measures’. In essence this requires adoption of a house by house ‘lockdown’, with such occurrences resulting in increased demands, relating both to staffing levels, and the well-being of people we support. The staff teams continue to manage such situations extremely well.

Positive cases increased throughout the year, following trends across the County. We experienced cases within the cohort of people we support, as well as the staff team. Thankfully, everyone affected made a full recovery. PPE and Covid test kits have continued to be readily available and at no cost to us, although the provision of free PPE is forecast to end in March 2023. Government funding for staff needing to self-isolate ceased some months ago, however, to minimise the potential risks of staff attending work when testing positive we have continued to provide sickness pay as opposed to the pay reduction had they only received SSP.

Fees

The fee review project continued throughout the year and required significant work. However, this has reaped substantial reward, securing a total of annual fee increases of over £550k, and more realistic funding for the large majority of the people we support. This year’s accounts reflect some of this increase but the full effect will be seen in future years. Three placements remain where further negotiation is required. An admission earlier this year, and the fee agreed for an imminent admission have both been secured at the appropriate fee level.

Admissions / Leavers

We secured one admission in May 2022, with a further new resident scheduled for early September 2022. One resident left us in January 2022. One void remains, and although we have several referrals it is not possible to forecast if this final admission will be secured this year.

We have no plans to increase our residential provision, as our site, and model, do not lend themselves to increasing numbers within our residential care offer.

However, we are exploring the introduction of a transition service, creating opportunities for up to three additional people to develop their life skills over a 1-3-year period, getting them ready for a supported living model thereafter. Despite an initial delay due to Covid related complications, we hope to have this operational by the end of the year.

Recruitment

Despite the national staffing crisis across the social care sector our position has slightly improved. Unfortunately, there continues to be a greater turnover of employees, and recruitment of Managers presents a challenge, as movement within the sector appears more transient. Predictably the introduction of a further six Support Worker positions increased our recruitment task this year.

Employee Pay rates

Having carried out a benchmarking exercise, and with commitment to remain as competitive as possible within the social care employment market, we are applying a further increase to our hourly rates; this will be the third increase in the past 12 months.

We have also appointed a part-time (fixed-term) Recruitment Consultant whose focus is primarily to increase Volunteer numbers, but will extend their remit to employee recruitment in the coming months.

Volunteers

Volunteers continue to be an essential staffing resource at Camphill and provide an important element of our culture. We are dependent upon a full complement to deliver the richness of provision to the people we support. Numbers have dwindled significantly over the last 24 months, having seen occupancy reduce from our target of Page 4

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

20 to just 4 currently. We continue to receive many applications, but the obstacle in securing them appears largely to be a block at the immigration stage. We are therefore beginning to explore ways of increasing staffing levels to reduce our dependency on Volunteers, while maintaining the important role they play in the culture at Camphill Devon. The increased fee income will support the funding of this.

Our recently appointed Recruitment Consultant has been allocated Volunteer ‘recruitment’ as the top priority.

Developments

Key Management roles – Our Operations and Development Manager left us at the beginning of the year, and we are pleased to have appointed to this position (revised title ‘Registered Manager’). Kelly Westbury brings a wealth of experience to the role.

• Regulation – the Care Quality Commission (CQC) carried out an inspection in May 2022. Disappointingly, we were awarded a rating of ‘Requires Improvement’ as a result of this. Whilst we accept the Regulatory ‘breaches’ identified as part of this process, we are not entirely surprised that the challenges over the last two years have taken their toll on evidencing some of our activities. Staffing levels have been such that Manager staff have been required to provide ‘hands-on’ care and support, reducing their time available for some review and documentation activities. Notwithstanding the overall rating, the report contained many positives and rated us as Good for “caring” and “responsive”.

The change in rating does not appear to have impacted upon our reputation, or the confidence of our stakeholders. As we step closer to 100% occupancy, and have received significant support from family members, we remain a strong and well-respected provider of specialist care and support.

We have submitted a detailed Action Plan to CQC illustrating the work that will be carried out to deliver to the areas of improvement required.

• Supported Living – we have struggled for some time to deliver 100% of the contracted hours to individuals in their own homes. The staffing challenges over the past 12 months exaggerated this further, and prompted a formal review with the funding authority. As a result of this we took a decision to reduce our Supported Living offer to ensure full delivery of contracted hours, but to a lesser number of people. We therefore surrendered our contracts at Braemar and will concentrate on the Merryfield site in the short term. It is our intention that we will extend this service again when recruitment, and contractual opportunities present.

• Essential Services – Due to its rurality, Camphill Devon has neither mains water supply nor mains sewage systems on site. Maintenance and development of these resources was long overdue. We invested heavily in our reed-bed and pond filtration sewage management processes last year, and this is now fully functioning and provides a good quality system. Our domestic water supply is sourced from a local spring, which on occasion can be unreliable and insufficient. Being a domestic and registered residential setting, our next focus has been on securing a more sustainable supply. We decided the installation of a bore hole was the best solution to increase confidence and resource options. These works are almost complete.

Summary

Some re-investment is required after what has been unprecedented demands within the social care sector. Greater success with recruitment (both for employees and volunteers), promoting a more acceptable ‘work-life balance’ for the team after an extended period of increased demands; and embedding robust quality assurance and documentation are all key areas of focus for the coming year. All of which will aid our journey to re-establish a Good rating with CQC.

These continue to be exciting times for Camphill Devon, striking a balance between modernising our offer within the market and regulatory framework, and maintaining all that is special and unique about Camphill.

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CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

b. Performance

The results for the year show total incoming resources of £2,212,090 and this consists primarily of income from fees. The costs of running the Community amounted to £1,780,665. Overall, the net incoming resources for the year amounted to £431,425, primarily representing a modest operating surplus which will be re-invested in future developments. At 31 January 2022, the Charity had unrestricted, free reserves of £893,462.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The Trustees in particular considered the risks to the company from the current cost of living crisis. As described in the Review of activities the company has successfully increased its fee income and continues to have a strong financial position. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

b. Reserves policy

At the 31 January 2022 the Charity’s unrestricted funds are primarily represented by its fixed assets being the premises, fixtures, fittings, equipment and motor vehicles which it requires in order to operate. It is therefore the Charity’s aim to increase its free reserves. Included within designated reserves are £1,546,107 relating to the net book value of land and buildings and other fixed assets.

The unrestricted, free reserves of the Charity were £893,462. The Board of Trustees controls all expenses, and all surplus income each year will be held in a reserve fund which should also cater for any risks that are unforeseen. The Charity aims to hold free reserves of approximately three months of operating costs for unforeseen circumstances, which would be approximately £500,000. In light of the exceptional inflationary pressures in the economy at present the Trustees have concluded it would be prudent to retain the current level. Once inflationary pressures abate this will be reassessed.

Structure, governance and management

a. Constitution

The company was incorporated on 5 July 1979. The company is registered as limited by guarantee, having no share capital and eight members. In the event of the company being wound up the liability of each member is limited to £1.

The company is governed by its Memorandum and Articles of Association dated 5 July 1979, and amended 16 March 2007 and is a registered charity number 278173

The principal object of the company is to provide accommodation and support for people with learning disabilities in a community environment having regard to the principles of the late Dr Rudolf Steiner.

b. Methods of appointment or election of Trustees

Trustees are appointed by a vote of the Board, but their appointment must subsequently be ratified at the AGM. One third of the Board put themselves forward for re election at the AGM in rotation. All Trustees are members of the company, but membership of the company is open to anyone involved with the Community. The composition of the Board is kept under regular review.

During the year we welcomed one new Trustee, Kevin Gilbraith, and said goodbye to Neil Colquhoun and Steve Monk. Since the year end Lisa Rutter has also retired from the Board. The Trustees would like to thank all three for their contributions to Camphill Devon.

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CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

c. Organisational structure and decision-making policies

The Trustees are legally responsible for the overall management and control of Camphill Devon Community. The Board of Trustees meets four times a year. The AGM is usually held in June but due to the coronavirus crisis was deferred to September and will take place in September again this year. A separate general meeting for the whole community takes place periodically. The work of scrutinising the finances of the Charity is delegated to the Finance Committee which meets around four times a year. The Committee is usually chaired by a Trustee, and at least one other member of the Committee is usually a Trustee. The Finance Committee is responsible for setting an annual budget, which it submits to the Board of Trustees for approval. It monitors income and expenditure and the balance sheet, as well as considering for approval unforeseen items of expenditure. The Committee also considers the progress of current development plans and other new opportunities.

The day to day running of the Community is delegated to a Chief Executive, supported by a Management Group who meet regularly.

An Estates Committee, chaired by a Trustee and comprising a majority of Trustees together with the Chief Executive and the Estates Manager, provides oversight over the planning and prioritisation of developments of our physical estate

d. Policies adopted for the induction and training of Trustees

There is a Camphill Devon Trustee induction pack, including a role description and a recruitment and induction timetable has been produced. General Trustee training is available from on line providers and can be supplemented by a Camphill Devon specific seminar, devised by the more experienced Trustees and senior officers.

e. Relationships with other charitable and non-charitable organisations

Camphill Devon Community works with other organisations in the pursuit of its charitable objectives including the Association of Camphill Communities, South Devon Rural Housing Association, ARC, Vocal and ACEVO. Camphill Devon Community also works with Devon County Council and other local authorities, who sponsor individual residents, the Department of Work and Pensions, the Care Quality Commission, the Charity Commission, Teignbridge District Council and South Hams District Council.

f. Risk Management

The Board of Trustees is responsible for the management of the risks faced by the Charity. Detailed management of risk is delegated to the Chief Executive, supported by a Management Group. A report is provided to the Trustees, and the Trustees consider the risks to the Charity covering Financial Risk, Decision Making, Health and Safety, Safeguarding Adults, Charitable Status, and other issues which could affect the well being of the Charity and its beneficiaries.

The key controls by the Charity include:

• formal agendas and minutes for all committee and Board activity

• detailed terms of reference for all committees and groups

• annual reviews and compilation of Support Plans for all people supported

• regular supervision of all employed and non employed staff

• quarterly strategic planning, budgeting and management accounting

• organisational structure and lines of reporting

• formal detailed policies and procedures

• clear structure of authorisation and job roles

• vetting procedures as required by law for the protection of vulnerable people

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CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

• regular monitoring visits made by Trustees

Plans for future periods

The Charity has identified the following areas as the key aspects of future plans to be pursued during the next financial year:

• Responding to the Care Quality Commission report so that all areas requiring improvement are addressed

• Developing our plans for a “transition” service between Registered Care and Supported Living

• Continuing to progress the enhancement of our physical infrastructure for the benefit of those we support

• Maintaining the financial stability of the charity in the context of the current inflationary macroeconomic pressures

• Achieving improved recruitment of both staff and volunteers

Information on fundraising practices

Three years ago the charity conducted a fundraising campaign and raised over £200,000 for a disability access and dementia friendly extension to Merlin House. No such activity took place in this period. Our main fundraising events are fairs at Hapstead, and along with voluntary donations the money raised helps us to offer social, cultural and other support that is not paid for by Local Authority funding.

The charity is aware of the fundraising standards as published by the Fundraising Regulator and is committed to the highest standards of fundraising practice and to being transparent and accountable in our fundraising. There were no complaints received about this fundraising. As in previous years there was no direct mailing, street or other face to face contacts and so there were no concerns about important issues including protecting vulnerable people, unreasonable intrusion or persistence, or placing undue pressure on people, which are responsibilities that the charity takes seriously.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' Report and the 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. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP (FRS 102);

• make judgments and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards (FRS 102) 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 company will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

• so far as that Trustee is aware, there is no relevant audit information of which the charity's auditors are unaware, and

• that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information.

Auditors

The auditors, Bishop Fleming LLP, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................

J C F Hitchins

Date:

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CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CAMPHILL DEVON COMMUNITY LIMITED

Opinion

have audited the financial statements of Camphill Devon Community Limited (the 'charitable company') for the year ended 31 January 2022 which comprise the Statement of Financial Activities (incorporating income and expenditure account), the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting 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 January 2022 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Charities Act 2006.

Basis for opinion

conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) 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. are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements 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 with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion 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. 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 course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, 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.

have nothing to report in this regard.

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CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CAMPHILL DEVON COMMUNITY LIMITED (CONTINUED)

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.

• the Trustees' Report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

• 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 Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' Report and from the requirement to prepare a Strategic Report.

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) 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 necessary 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 concern, disclosing, 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.

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CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CAMPHILL DEVON COMMUNITY LIMITED (CONTINUED)

Auditors' responsibilities 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 an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement 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 users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In assessing the risk of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

• the nature of the sector, control environment and the Charity’s performance;

• results of our enquiries of management and the Trustees, about their own identification and assessment of the risks of irregularities;

• any matters we identified having obtained and reviewed the Charity’s documentation of their policies and procedures relating to: identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance; detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;

• the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result of these procedures, we considered the opportunities and incentives that may exist within the Charity for fraud, which included incorrect recognition of income, management override of controls using manual journal entries, and identified the greatest potential for fraud as incorrect recognition of revenue and management override using manual journal entries;

We identified and obtained an understanding of the laws and regulations that are of significance to the Charity by discussions with Trustees and by updating our understanding of the sector in which the Charity operated in. Laws and regulations that are of direct significance to the Charity and of which non compliance could result in material misstatement are the Charities Act, Companies Act, Charities SORP, FRS 102, Charities legislation and UK tax legislation.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Charity’s ability to operate or to avoid a material penalty. These include compliance with CQC, data protection regulations, occupational health and safety regulations, building legislation and employment legislation.

Our procedures to respond to risks identified included the following:

• reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;

• reviewing the financial statement disclosures and testing to supporting documentation to assess the recognition of revenue;

• enquiring of Trustees and management concerning actual and potential litigation and claims;

• performing procedures to confirm material compliance with the requirements of the above regulations;

• performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

• reviewing the charities compliance and correspondence with CQC;

• reading minutes of Trustee meetings; and

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CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF CAMPHILL DEVON COMMUNITY LIMITED (CONTINUED)

• in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; and assessing whether the judgements made in making accounting estimates are indicative of a potential bias.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from an error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it.

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.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable 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 its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Bishop Fleming LLP Chartered Accountants Statutory Auditors 2nd Floor Stratus House Emperor Way Exeter Business Park Exeter EX1 3QS

Date:

Bishop Fleming LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 13

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JANUARY 2022

Note Income from: Donations and legacies 4 Charitable activities 5 Investments 6 Other income 7 Total income Expenditure on: Raising funds Charitable activities 8 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Unrestricted funds 2022 £ 14,198 2,064,932 16,086 18,154 2,113,370 827 1,654,009 1,654,836 458,534 2,742,607 458,534 3,201,141	Restricted funds 2022 £ 1,625 - - 97,095 98,720 - 125,829 125,829 (27,109) 67,615 (27,109) 40,506	Total funds 2022 £ 15,823 2,064,932 16,086 115,249 2,212,090 827 1,779,838 1,780,665 431,425 2,810,222 431,425 3,241,647	Total funds 2021 £ 22,778 1,748,586 7,809 123,223 1,902,396
				1,716 1,750,373 1,752,089
				150,307
				2,659,915 150,307 2,810,222

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 17 to 31 form part of these financial statements.

Page 14

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE) REGISTERED NUMBER:01435068

BALANCE SHEET AS AT 31 JANUARY 2022

Note Fixed assets Tangible assets 12 Current assets Stocks 13 Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 16 Total net assets Charity funds Restricted funds 18 Unrestricted funds 18 Total funds	12,778 78,564 1,744,369 1,835,711 (140,171)	2022 £ 1,546,107 1,546,107 1,695,540 3,241,647 - 3,241,647 40,506 3,201,141 3,241,647	9,438 69,962 1,227,037 1,306,437 (109,939)	2021 £ 1,627,618 1,627,618 1,196,498 2,824,116 (13,894) 2,810,222 67,615 2,742,607 2,810,222

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

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

J C F Hitchins

The notes on pages 17 to 31 form part of these financial statements.

Page 15

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JANUARY 2022

Cash flows from operating activities Net cash provided by operating activities Cash flows from investing activities Interest received Proceeds from the sale of tangible fixed assets Purchase of tangible fixed assets Net cash used in investing activities Cash flows from financing activities Repayments of borrowing Net cash used in financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year The notes on pages17 to 31form part of these financial statements	2022 £ 552,283 3,012 - (23,380) (20,368) (14,583) (14,583) 517,332 1,227,037 1,744,369	2021 £ 311,785 3,387 1,800 (33,714) (28,527) (14,714) (14,714) 268,544 958,493 1,227,037

Page 16

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

1. GENERAL INFORMATION

Camphill Devon Community is a company limited by guarantee and is constituted under a Memorandum of Association dated 5 July 1979. The company is also a registered charity. The principal office is Camphill Devon Community Limited, Hapstead Village, Buckfastleigh, TQ11 0JN.

2. ACCOUNTING POLICIES

2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Camphill Devon Community Limited 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.

2.2 INCOME

All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the company, can be reliably measured.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income, such as rental income, is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

2.3 EXPENDITURE

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Page 17

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

2. ACCOUNTING POLICIES (continued)

2.3 EXPENDITURE (CONTINUED)

Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 GOVERNMENT GRANTS

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of Financial Activities as the related expenditure is incurred.

2.5 INTEREST RECEIVABLE

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 TANGIBLE FIXED ASSETS AND DEPRECIATION

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Freehold Property	- 50 years
Freehold land	- Not depreciated
Motor vehicles	- 5 years
Fixtures and fittings	- 5 years
Solar panels	- 10 years

2.7 STOCKS AND WORK IN PROGRESS

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.8 DEBTORS

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

2.9 CASH AT BANK AND IN HAND

Cash at bank and 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.

Page 18

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

2. ACCOUNTING POLICIES (continued)

2.10 LIABILITIES

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.11 FINANCIAL INSTRUMENTS

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 FINANCE LEASES AND HIRE PURCHASE

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of Financial Activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.13 PENSIONS

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

2.14 FUND ACCOUNTING

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.

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 notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 19

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

3. CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGMENT

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. There are no signficant accounting estimates that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities for future years.

4. INCOME FROM DONATIONS AND LEGACIES

Unrestricted funds 2022 £ Donations 14,029 Legacies - Other income 169 14,198	Restricted funds 2022 £ 1,625 - - 1,625	Total funds 2022 £ 15,654 - 169 15,823	Total funds 2021 £ 15,947 6,483 348 22,778

5. INCOME FROM CHARITABLE ACTIVITIES

Unrestricted funds 2022 £ Fees received 2,060,509 Workshop sales 4,423 TOTAL 2022 2,064,932	Total funds 2022 £ 2,060,509 4,423 2,064,932	Total funds 2021 £ 1,740,846 7,740 1,748,586

Page 20

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

6. INVESTMENT INCOME

Unrestricted funds 2022 £ Farm rent 13,074 Bank interest 3,012 16,086	Total funds 2022 £ 13,074 3,012 16,086	Total funds 2021 £ 3,053 4,756 7,809

7. OTHER INCOMING RESOURCES Unrestricted funds 2022 £ Profit on sale of fixed assets 3,500 Solar energy income 14,654 Covid-19 Grant Funding - 18,154	Restricted funds 2022 £ - - 97,095 97,095	Total funds 2022 £ 3,500 14,654 97,095 115,249	Total funds 2021 £ 1,800 15,281 106,142 123,223

8. ANALYSIS OF EXPENDITURE BY ACTIVITIES

	Activities
	undertaken	Total	Total
	directly	funds	funds
	2022	2022	2021
	£	£	£
Charitable activities	1,779,838	1,779,838	1,750,373

Page 21

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

8. ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED)

ANALYSIS OF DIRECT COSTS

Activities 2022 £ Staff costs 1,160,108 Depreciation 104,891 Support of residents 146,154 Medical expenses 696 Cost of farm and workshop activities 10,169 Staff training 3,344 Subscriptions 8,500 Premises 138,028 Motor and travel expenses 21,064 Sundry expenses 10,530 Printing, postage, telephone and office expenses 27,245 Accountancy 9,900 Professional fees 8,856 Bank charges 3,460 Additional COVID expenditure 125,356 Siemens lease interest 1,459 Governance costs 78 1,779,838 9. AUDITORS' REMUNERATION Fees payable to the company's auditor for the audit of the company's annual accounts Fees payable to the company's auditor in respect of: All non-audit services not included above	Total funds 2022 £ 1,160,108 104,891 146,154 696 10,169 3,344 8,500 138,028 21,064 10,530 27,245 9,900 8,856 3,460 125,356 1,459 78 1,779,838 2022 £ 6,650 3,300	Total funds 2021 £ 1,128,525 119,594 165,975 1,068 8,326 2,804 12,165 181,540 26,855 10,151 31,255 9,080 8,532 3,090 38,996 2,267 150 1,750,373
		2021 £ 5,500 2,750

Page 22

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

10. STAFF COSTS

Wages and salaries Social security costs Contribution to defined contribution pension schemes	2022 £ 1,041,526 88,733 29,849 1,160,108	2021 £ 1,022,272 74,758 31,495
		1,128,525

The average number of persons employed by the company during the year was as follows:

Care and support staff Farm and maintenance staff Administrative staff	2022 No. 30 4 8 42	2021 No. 34 3 7
		44

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

		2022	2021
		No.	No.
	In the band £70,001 - £80,000	1	-
11.	TRUSTEES' REMUNERATION AND EXPENSES

During the year, no Trustees received any remuneration or other benefits (2021 - £NIL).

During the year ended 31 January 2022, no Trustee expenses have been incurred (2021 - £NIL).

Page 23

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

12. TANGIBLE FIXED ASSETS

COST OR VALUATION At 1 February 2021 Additions At 31 January 2022 DEPRECIATION At 1 February 2021 Charge for the year At 31 January 2022 NET BOOK VALUE At 31 January 2022 At 31 January 2021	Freehold property £ 2,477,694 - 2,477,694 988,139 48,079 1,036,218 1,441,476 1,489,555	Motor vehicles £ 134,324 - 134,324 99,366 21,074 120,440 13,884 34,958	Fixtures and fittings £ 836,298 23,380 859,678 733,193 35,738 768,931 90,747 103,105	Total £ 3,448,316 23,380 3,471,696
				1,820,698 104,891 1,925,589
				1,546,107
				1,627,618

13. STOCKS

Farm Workshop Heating oil	2022 £ 575 3,750 8,453 12,778	2021 £ 797 2,915 5,726 9,438

Page 24

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

14. DEBTORS

DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments and accrued income	2022 £ 70,189 2,966 5,409 78,564	2021 £ 59,222 3,565 7,175
		69,962

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors Other taxation and social security Obligations under finance lease and hire purchase contracts Accruals and deferred income	2022 £ 50,318 17,330 14,896 57,627 140,171	2021 £ 36,520 18,757 15,585 39,077
		109,939

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

	2022	2021
	£	£
Net obligations under finance lease and hire purchase contracts	-	13,894

Finance lease and hire purchase liabilities are secured against the assets to which they relate.

17. FINANCIAL INSTRUMENTS

	2022	2021
	£	£
FINANCIAL ASSETS
Financial assets measured at fair value through income and expenditure	1,744,369	1,227,037

Financial assets measured at fair value through income and expenditure comprise of cash and cash equivalents.

Page 25

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

18. STATEMENT OF FUNDS

STATEMENT OF FUNDS - CURRENT YEAR

UNRESTRICTED FUNDS DESIGNATED FUNDS Land and buildings Maintenance programme Vehicle fund Hapstead development Merryfield development Furniture replacement Fixture and fittings fund GENERAL FUNDS General funds TOTAL UNRESTRICTED FUNDS RESTRICTED FUNDS Ralph Brereton fund Workshop Resident social activities Weavery Covid support funding TOTAL OF FUNDS	Balance at 1 February 2021 £ 1,489,555 7,757 34,958 738,420 15,000 38,181 - 2,323,871 418,736 2,742,607 921 84 213 18 66,379 67,615 2,810,222	Income £ - - - - - - - - 2,113,370 2,113,370 - 1,623 - - 97,097 98,720 2,212,090	Expenditure £ (48,079) (7,676) (21,074) (6,929) - - - (83,758) (1,571,078) (1,654,836) - (473) - - (125,356) (125,829) (1,780,665)	Transfers in/out £ - - - - 15,000 (38,181) 90,747 67,566 (67,566) - - - - - - - -	Balance at 31 January 2022 £ 1,441,476 81 13,884 731,491 30,000 - 90,747 2,307,679
					893,462
					3,201,141
					921 1,234 213 18 38,120 40,506
					3,241,647

Page 26

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

18. STATEMENT OF FUNDS (CONTINUED)

The land and buildings fund represents the net book value of freehold land and buildings, which are not available for distribution by the Charity.

The maintenance programme fund is to support a programme of property maintenance at Hapstead.

The vehicle fund represents the net book value of motor vehicles, which are not available for distribution by the Charity.

The fixture and fittings fund represents the net book value of fixture and fittings, which are not available for distribution by the Charity.

The development of Hapstead site fund represents the development of Hapstead including meeting the changing needs of residents. Due to current labour and material shortages within the economy, we have not been able to make as much progress as we hoped with the programme of works.

The Merryfield development funds is to maintain Merryfield farm house.

The furniture replacement fund is to support a programme of furniture replacement at Hapstead.

The workshop equipment fund represents donations received towards the development of the workshop.

The Ralph Brereton fund represents a legacy received to be used for the benefit of residents.

The resident social activities fund represents income received towards specific expenditure on activities for the benefit of the residents.

The COVID support funding represents funds given to the Charity from the local authority to be used on supporting the home through the COVID pandemic.

Page 27

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

18. STATEMENT OF FUNDS (CONTINUED)

STATEMENT OF FUNDS - PRIOR YEAR

UNRESTRICTED FUNDS DESIGNATED FUNDS Land and buildings Maintenance programme Vehicle fund Hapstead development Merryfield development Furniture replacement GENERAL FUNDS General funds TOTAL UNRESTRICTED FUNDS RESTRICTED FUNDS Ralph Brereton fund Workshop Resident social activities Weavery Covid support funding TOTAL OF FUNDS	Balance at 1 February 2020 £ 1,530,934 7,757 50,260 514,337 15,000 38,181 2,156,469 500,000 2,656,469 1,245 1,881 253 67 - 3,446 2,659,915	Income £ - - - - - - - 1,794,879 1,794,879 - - - - 107,517 107,517 1,902,396	Expenditure £ (48,013) - (23,302) - - - (71,315) (1,637,426) (1,708,741) (324) (1,797) (40) (49) (41,138) (43,348) (1,752,089)	Transfers in/out £ 6,634 - 8,000 224,083 - - 238,717 (238,717) - - - - - - - -	Balance at 31 January 2021 £ 1,489,555 7,757 34,958 738,420 15,000 38,181 2,323,871
					418,736
					2,742,607
					921 84 213 18 66,379 67,615
					2,810,222

Page 28

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

19. SUMMARY OF FUNDS

SUMMARY OF FUNDS - CURRENT YEAR

	Balance at 1	Balance at 1								Balance at
	February							Transfers		31 January
	2021		Income		Expenditure			in/out		2022
	£		£			£		£		£
Designated funds	2,323,871		-			(83,758)		67,566		2,307,679
General funds	418,736		2,113,370			(1,571,078)		(67,566)		893,462
Restricted funds	67,615		98,720			(125,829)		-		40,506
	2,810,222		2,212,090			(1,780,665)		-		3,241,647
SUMMARY OF FUNDS - PRIOR YEAR
	Balance at									Balance at
	1 February							Transfers		31 January
	2020		Income			Expenditure		in/out		2021
	£		£			£		£		£
Designated funds	2,156,469		-			(71,315)		238,717		2,323,871
General funds	500,000		1,794,879			(1,637,426)		(238,717)		418,736
Restricted funds	3,446		107,517			(43,348)		-		67,615
	2,659,915		1,902,396			(1,752,089)		-		2,810,222

20. ANALYSIS OF NET ASSETS BETWEEN FUNDS

ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR

Unrestricted funds 2022 £ Tangible fixed assets 1,546,107 Current assets 1,795,205 Creditors due within one year (140,171) TOTAL 3,201,141	Restricted funds 2022 £ - 40,506 - 40,506	Total funds 2022 £ 1,546,107 1,835,711 (140,171) 3,241,647

Page 29

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

20. ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED) ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR Unrestricted funds 2021 £ Tangible fixed assets 1,627,618 Current assets 1,238,822 Creditors due within one year (109,939) Creditors due in more than one year (13,894) TOTAL 2,742,607 21. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW ACTIVITIES Net income for the year (as per Statement of Financial Activities) ADJUSTMENTS FOR: Depreciation charges Gains on investments Loss/(profit) on the sale of fixed assets (Increase)/decrease in stocks (Increase)/decrease in debtors Increase in creditors NET CASH PROVIDED BY OPERATING ACTIVITIES 22. ANALYSIS OF CASH AND CASH EQUIVALENTS Cash in hand TOTAL CASH AND CASH EQUIVALENTS

Restricted funds 2021 Total funds 2021 £ £ - 1,627,618 67,615 1,306,437 - (109,939) - (13,894) 67,615 2,810,222 FROM OPERATING 2022 2021 £ £ 431,425 150,307 104,891 123,886 (3,012) (3,387) - (1,800) (3,340) 885 (8,602) 26,322 30,920 15,572 552,282 311,785 2022 2021 £ £ 1,744,369 1,227,037 1,744,369 1,227,037

Page 30

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022

23. ANALYSIS OF CHANGES IN NET DEBT

Cash at bank and in hand Finance leases	At 1 February 2021 £ 1,227,037 (29,479) 1,197,558	Cash flows £ 517,332 14,583 531,915	At 31 January 2022 £ 1,744,369 (14,896) 1,729,473

24. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £29,850 (2021: £31,495). Contributions totalling £2,769 (2021: £2,878) were payable to the fund at the balance sheet date and are included in creditors.

25. OPERATING LEASE COMMITMENTS

At 31 January 2022 the company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

			2022	2021
			£	£
Not later than	1	year	-	261

26. SHARE CAPITAL, MEMBERS' LIABILITY AND CONTROL

The company is limited by guarantee. It is under the control of its members, whose maximum liability in the event of the company being wound up is £1.

27. RELATED PARTY TRANSACTIONS

During the year, £215,000 was deposited with Aldermore Bank plc. A trustee is a director of the bank.

During the year, the key management personnel received a total remuneration of £106,500 (2021: £64,595).

Page 31

Register8d number.. 01435068 Charity number.. 278173 CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 Bishop Fleming

CAMPHILL DEVON COMMUNITY LIMITED {A COMPANY LIMITED BY GUARANTEEI CONTENTS Page Reference and Administrative Details of tho Company. Its Trustees and Advisers Trustees. Report Independent Auditors. Report on the Flnanclal Statements Statement of Financlal Activities 10-13 14 Balance Sheet 15 Statement of Cash Flows 16 Notes to the Financial Statements 17-31

CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED BY GUARANTEE) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JANUARY 2021 Trustees J C F Hitchins S E Gill lappoinled 3 February 20201 D M Kemp-Gee N Colquhoun {appoinled 3 February 2020. resigned 11 June 20211 F H R McPhail Jsmonk L Rutter D L While N A De Pulford (appointed 25 January 20201 Company registered number 01435068 Charity registered number 278173 Registered office Hapstead Village Buckfaslleigh TQ11 OJN Company secretary J Wallis-Eade Chief executive officer S Whittingham Independent audltors Bishop Fleming LLP Chartered Accounlanls 2nd Floor Stratus House Emperor Way Exeter Business Park Exeter EX13QS Bankers National Westminster Bank PIC South Devon Business Centre Riviera House, PO Box 69 Nicholson Road Torquay Devon TQ2 7YL Solicitors WBW Church House Queen Street Newton Abbot Devon TQ12 2QP Page 1

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT FOR THE YEAR ENDED 31 JANUARY 2021 The Tnjstees present their annual report together with the audf(ed financial statemenls of the company for the 1 February 2020 10 31 January 2021. The Annual Report serves the purposes of both a Trustees. report and directors. report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company compty with the Current slalulory requirements, the requirements of the charitable companys governing document and the provisions of the Slalement of Recomrnended Pra￿1￿ {SORPI applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 (effective 1 January 2019). Since the company qualifies as small under section 382 of the Companies Act 20￿, the strateg￿ Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been omitted. Objectives and activities . Policles and objectives Charitable objects.. The Charitys core Objects. as set out in its Memorandum of Association, are the establishment of a Community for adults with learning disabilities with the benefits of a fulfilling life and providing occupation and skills such as in agricultural, horticultural and craft based activkties. These Objects are in a¢¢ordance wlh the principles of the late Dr Rudolf Steiner. The Board of Trustees adopted a revised Memorandum of Ass¢xiation in Mareh 2007 and the Charity's Objects were broadened in agreement wlh the Charity Commission for all Camphill ommunilies. Alms: Within these Objects. the Charity's aims are lo provide an environment where every member of the Community is given the care and support to fulfil his or her polenlial, lo encourage the values of being part of an intentional community while enabling each individual lo develop their own social and occupational lifestyle. The Charty values and promotes social inclusion by assisting people to be fully engaged in the local community. The objectives for the year weie discussed by the Trustees and established as.. to maintain the level of quality of care and 5UPPOrt as measured by the Care Quality Commission. for both registered Tesidenlial care and supported living lo maintain the level of financial soundness under Challenging conditions in the Ca￿ sector nationally lo continue to improve the registered care facilities al Hapstead in support of people's changing needs. using the charity's reserves as supplemented by the Mrs Lesley Milne legacy to develop the business case for further development at Merlin lo ensure the whole building is best suited for older people and those with high support needs In setting objectives and planning for act1￿lIeS, the Trustees have given due consideration lo general guidan published by the Charty Commission relating lo public benefit, including the guidance 'Public benefit.. running a harity {PB2}'. b. Strategies for achieving object5ves The Charity continues lo plan ahead to ensuie that the changing needs of residents can be mel in the future in terms of the accommodation and support promded, and the day service activities offered. Support Plans for each resident, prepared on a continuous basis an(J reviewed at least annually, provide effective monitoring of needs and the Charity continues to work with local authorities to ensure that fees are commensurate with individual needs and the physical environment continues to meet these needs. Effective management of the budget and Close monf(oring by the Finance and Eslales Committees ensuie that needs are bein9 mel within available funds. Page 2

CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JANUARY 2021 Obj8¢tives and activitles (CONTINUED} c. Statement of public benefits {based upon Principles 1 & 2 of the Charty Commission Guidance) The aim of Camphill Devon Communty (referred to as 'The Communtyl is to provide an environment where every member of the Community is given the care and support lo fulfil his or her polenlial, lo encourage the values of being part of a community while enabling each individual to develop their own social and occupational lifesWe whether they live within the resictenlial homes or their own tenancies. The benefits derivi from the aim is to provide aduits with leaming disabilities with.. a safe and supportive environment in which lo live and receive support according lo need opportunities lo tske part in activities which provide meaningful daily occupation, training and the acquisition of skills which lead lo an increase in self esteem and independence the support of a community ethos Whe￿ people are valued as individuals opportunities to take part in local activities such as education. leisure and work In our view, there are no elements of the aims of Camphill Devon Community which might be responsible for detriment or harm to individuals or organisalions either within or outside the Community. To the best of our knowledge, there are no views held by individuals or organisalions outside the Communfy that the Communills aims could or do cause detriment or harm. The aims of Camphill Devon Community are intended to benefit adults with leaming disabilities who require care and support in a Registered Care Home or in Independent Living Accommodation. or who may wish to access Day Care AclNlties within the Community. The restrictions as lo who may have the opportunities lo benefit from the aims of Camphill Devon Community are defined below., There is no geographical area that defines which indimduals or organisalKJns can benefit from the airns ofthe Community. The reslridion of the aims of Camphill Devon Community based on charitable need limit the beneficiaries to adults with learning disabilities who have been assessed by their local aulhoiilies or by independent social workers as being in need of support and care provided by a Reglstered Residentsal Cafe Home or by Independent Supported Living or by a Day Care provider. The physical environment at Hapstead can be mdified to suit the needs of individuals, recognising that the site 1$ sleep and in a rural location. There are no membership based restrictions to the Communty. Membership of the Community is automatically conferred on all residents of the Community- The Trustees do not operate any particular criteria to decide who can beneff( from the aims of the organisalion other than those articulated here. 10. The Community requires that all adults with leaming disabilities who benefrt from the alms of the Community should have adequate funding (either from their local authority or from other sources} lo meet the fees for their Care and Support. The Community operates no financial restrictions on the beneficiaries of their aims. and works in partnership with local authorities in order to meet people's indiwdual needs. Page 3

CAMPHILL DEVON COMMUNITY UMITED IA COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 JANUARY 2021 Achievements and performance Review of actlvities Covld-19 implicatlons The year in review has been dominated by Covid-19, the 5mpact of which has of ¢ouise been significant on the operations of Camphill Devon. With national 'lock-down' commencing in March 2020. and the final lifting of general reslridions in July 2021, this prolonged and unprecedented period has presented challenges acros5 the social care sector. As a iegislered provider of a residential care home and supported living services for people with learning disabilities we have experienced a raft of impacts. albeit not at an extreme level. Positive cases have been minimal and thankfully had little effect on day lo day operats'ons. AJI positive cases were among staff with none of our residents affected. All staff affected made a full recovery. Whilst initialty difficult, sourcing PPE was resolved, and generally al no nel cost to the charity. Regular PCR testing for staff and the people we support required some logistical management. bul now continues on a weekty and monthly basis respectDfely. This was soon followed by the introduction of twi￿ weekly LFD lesling requI￿d for our entire workforce. The adminislralh)n of this has been significant. due not only lo sourcing PPE and lesl kits. coordinating the testing process, bul also the daily reporting and uploading of testing activity, along with completion of the NHS capacity tracker. At its most demanding we employed a part lime Covid Administrator, and have now secured a fu114ime permanent position lo aid with this additional and on*oing workload. Thankfully Ihe allocation of the Infection Control Fund Grant has 85SlSted wth additional costs incurred, including the purchase of temporary isolation accommodation for our residential volunteers. A large percentage of grant fvnds have been allocated with the exception ot the first tranche of approx. £20k where we did not incur costs that met the precise criteria. These funds have not been re-claimed as yel, and therefore are still refiecled within our accounts as a creditor. Fo9$ A signrficant project is underway in an aitempl to establish more appropriate fees for many of the people we support. We have reviewed our standard fee and il is evident that this has been too low for many years and not effectively mel our operational costs. The large majority of funding agencies are therefore paying less than our true placement costs, resulting in a position that is no longer sustainable. The project is in ils early stages, af(hough communication is now undeway with numerous local authorities, although not necessarily being wo11 received. However. fv40 cases have been resolved, with both agreeing to our new standard lee. The project PTesenls some risks. insofar as funders may opt to review the placement, and potentially commission cheaper providers. We will not ask any resident lo leave however. Each case is therefore being negotiated on a case by case basis, reflecting individualised strategies available to us. Admissions l Leavers We secured one admission in May 2021, and thankfully no leavers during the last financial year. Sevoral referrals are being considered currently. although the trend is for people with more challenging behaviours. many of which are not currently suitable for our provision. Whilst there is certain fle￿bil1tywe are not yel fully resourced to accept more demanding placements, and the need for additional staffing will certainly present challenges. Recruitment This has become increasingly difficult in recent months, which seems lo be the position across the sector. The period of 'lo¢kdown Irestrictions is suggested lo have fuelled the defieil of applicants due to change5 in people's priorities, in addrtion to increased staffing demands. Staff hourly rates To support recruilmenl, and recognise the increased responsibility for Supported Living staff, we have increased the hourly ratgs. It is perhaps loo early to know rfthis will have the desired impact on applications. Page 4

CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JANUARY 2021 Achievements and perfonnancg {CONTINUEDI Volunteers Volunteers {CoaWorkersl continue lo be an essential staffing resource at Camphill and an important element of our culture. We are dependent upon a full complement lo deliver the richness of provision lo the people we 5UPPOrt. During lockdown, numbers fluduated greater than usual due to International mobilty reslridions. We are therefore beginning to explore ways of increasing staffing levels lo reduce our dependenw on Volunteers, while maintsining the important role they play in the culture al Camphill Devon. Developments Having confirmed our business objectives for the next 3 years we are in the process of detailing our priorities. strategies and actions th81 will deliver lo these. Our priorities are lo ensure Ihal.. Vve secure long term financial viability There is a demand for what we offei We meet commissioning agendas We meet regulatory requirements We are sustainable for the future Values and Vislon A con5ullalion exercise was completed at the beginning of the year (20211, and the following definition of our Vision. Values and Culture is confirmed". CDC'S Vlslon 'A world where everyone is valued and supported to life their life their way.. CDC'S Values To promote a community ethos where everyone has a part to play, and has opportunities lo make ¢hoices and take responsibility To involve people is al the heart of everything we do To understsnd, value and meet people's needs To treat people with kindness. compassion and dignty To promote. respect and celebrate people's diversty and individualty To learn from people. lo help us all adapt and continually improve and grow CDC'S Culture 'An inclusive, supportive and rural environment where people have real freedom, are enabled to perfomi to the best of their strengths, and have the opportunities to learn and grow.. Camphill Devon has no aggressive plans to increase provision, as our sile, and model, do not lend themselves lo Increasing numbers within our residential core offer. We have identified an opportunrty lo increase our available beds lo 38 and have therefore increased our void number by 1, leaving 2 current voids. We are hoping to fill one void this calendar year. and another in 9-12 months. In addition, having recently released some accommodation on sile we are exploring the introduction of a Transition service, creating opportunities for up lo 3 additional petrple to develop their life skills over a 1-3 year period. We intend lo have this operational by the start of our next financial year {February 2022). This will build on the successful experience we had of individuals transferring from residential care lo supported limng when we opened our Supported LNing setvice. Our Supported Living service presents potential for growth by increasing commissioned 'hours'. although. as we are nol18ndlords with available propety. opportunities are currently limrted. We are however exploring how we can work with other agencies in this regard. Recruilmenl to the team is presently challenging, which will also have an impact on oui ability to grow. Page 5

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JANUARY 2021 Achievements and performance (CONTINUED) The change of CEO 17as provided an opportunity lo review our model, our funding and our positioning within the social care market. Thls review has inftuenced our priorities and business Strategies going forward. To Prog￿55 this, we are going through a period of change, which understandably having had some years of slabilty and familiarity. some of our team have found the new style and pace, and the proces5 of 'change' difficum to accept. This. whilst under the grip of Covid-19 has of course presented some challenges. A Consullalion exercise with the Managers is now complete. Ea¢h 'House Manager, is now responsible for services. reflected by a Change of job tille to 'Residenlial Services Manager,. The consultation resulted in one iedundancy. Having reaped the efficiencies, the second phase of Ihis strategy was the introduction of a Senior Support Worker position wlhin each of the six houses. This is a new structure and provides greater recruitment and retention opportunities. We have e￿itIng, but nevertheless demanding time$ ahead, and will eonlinue lo review our model and resources to respond to this. Camphill Devon continues to be a robust provider of care and support, supported by the necessary reserves, and potential increase in income lo support our work. b. Performance The results for the year show total incoming resources of £1,902,396 and this consists primarily of income from fees. The costs of running the Community amounted lo £1,752.089. Overall, the nel incoming resources for the year amounted to £150,307 primarily iepresenting donations and legacles re￿iVed which will be used for future developments. At 31 January 2021. the Charity had unreslricled, free reserves of £418,736. Financlal review . Going concern After making appropriate enquiries. the Trustees have a reasonable expectslion that the company ha5 adequate resources lo continue in operational existence for the foreseeable future. The Trustees in particular considered the risks lo the company from the current coronavirus crisis. As described in the Review of ath'vities the company has SU￿esSIUl1Y adapted lo the reslriclions imposed by the crisis and continues lo have a strong financial position. For this reason, they eonlinue to adopt the going concem basis in preparing the financial statements. b. Reserves policy At the 31 January 2020 the Charity's unreslricled funds are almost entirety represented by ils fixed assets being the premises, fixtures, fittings, equipment and motor vehicles which il requires in order lo operate. 11 is therefore the Chari¥s aim lo increase ils free reserves. Included within designated reserves are £1.717,7904 relating lo the net book value of land and buildings and other fixed assets. Also included wlhin designated reserves is a sum of £738,420 which has been sel aside for the development of the Charty's site infraslruclure. This Includes an upgrade lo our water system and a programmo of other enhancements. During the year ended 31 January 2021 the planning of the programrne was advanced but the onset of the COVID pandemic postponed the start of any works to the next financAal year. The programme wll take a number of years lo complete. The unrestrieted, free resetves of the Charity were £418,736. The Board of Trustees controls all expenses, and all surplus income each year will be held in a reseNe fund which should also cater for any risks that are unforeseen. The Charity aims lo hold free reseNes of approximalety three months of operating costs for unforeseen circumstances. which would be approximately £420,000. Page 6

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JANUARY 2021 Structure. govèrnance and management a. Constitution The company was ineorporated on 5 July 1979. The ￿MpanY is registered as limited by guarantee. having no share capital and eight members. In the event of the company being wound up the liabilty of each member 1$ limited to £1. The company is governed by ils Memorandum and Articles of Associabon dated S J￿Y 1979. and amended 16 March 2007 and is a registered Charity number 278173 The princip81 object of the company is lo provide accLxnmodation and support for people wtth learning disabilities in a community environment having regard to the principles of the late Dr Rudolf Steiner. b. Methods of appointmenl or election of Trustees Trustees are appointed by a vote of the Board. but their appointment must subsequently be ratified al the AGM. One third of the Board pul themselves forward for re election al the AGM in rotation. All Trustees are members of the ￿Mpany. bul membership of the company is open lo anyone invofved with the Community. ¢. Organisational structure and decision4naklng policios The Trustees are legally responsible for the overall management and control of Camphill Devon Community. The Board of Trustees meets four times a year. The AGM is usually held in June bLrt due lo the coronavlrus crrsis will be deferred to September this year. A separate general meeting for the whole community takes place periodi¢ally. The work of 5crutinising the finances of the Charity is delegated to the Finance Committee which meets around six times a year. The Committee is usually chaired by a Trustee, and al least one other member of the Commfftee is usually a Trustee. The Finance Committee is responsible for setting an annual budget, whlch il submits 1¢ the Board of Trustees for approval. It monitors income and expenditure and the balance sheet, as well as considering for approval unforeseen items of expenditufft. Thg Committee also consKlers the progress of current development plans and other new opportunities. The day to day running of the Comrnunily is delegated lo a Chief Executive, supported by a Management Group who meet regularly. d. Pollcles adopted for the Induction and training of Trustees There is a Camphill Devon Trustee induction pack, including a role description and a recruitment and induction timetable has been produced. General Trustee training is from time lo lirne sought through local training providers. In the previous year no local Trustee training w85 available and instead a Successful seminar was devised by Trustees and senior officers and was successfully implemented. This can be made available in the future as necessary. Computer based training is also available. e. Relationships with other charitable and non4harÈtable organisations Camphill Devon Community works with other organisations in the pursuit of ils charitable objectives including the Association of Camphill Communities, South Devon Rural Housing Association, ARC, Vocal, ACEVO and Sailability- Camphill Devon Community also works with Devon County Council and other local authorities, who sponsor indimdual residents. the Department of Work and Pensions, the Care Quality Commission. the Charity Commission, Teignbridge District Council and South Hams Dislrid Council. Page 7

CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JANUARY 2021 Structure. governance and management ICONTINUEDI f. Risk Management The Board of Trustees is responsible for the management of the risks faced by the Charity. Detailed management of risk is delegated lo the Chief Executive, supported by a Management Group. A report is provided to the Trustees. and the Trustees consider the financial risks to the Charity covering Financial Risk Decision Making, Health and Safety. Safeguarding Aduits, Charitable Slalus, and other issues which could affect the well being of the Charity and ils beneficiaries. The key controls by the Charity include.. formal agendas and minutes for all committee and Board activity detailed terms of reference for all committees and gioups annual reviews and compilation ol Support Plans for all people supported regular supervision of all employed and non employed staff quarterly slralegiG planning, budgelin9 and management ac¢ounling organisational structure and lines of reporting formal detailed policies and procedures clear structure of aulhorisation and job roles velling procedures as required by law for the protection of vulnerable people regular monitoring visits made by Tiuslees Plans for tuture periods The Charity has identrfied the following areas as the key aspects of future plans lo be pursued during the next financial year. Maintaining the financial stability of the Charity in the light of increasing pressure on Local Authority funding Maintaining and developing the Hapstead site lo meet the continued and changing needs of residents." our first priorty being a review of our water infrastructure and sewerage system al Hapstead. Other plans for the site will be adjusted accordingly, depending on spending required for water and sewerage. The legacy from the lalg Mr5 Lesley Milne will be utilised to support the maintenance and development oflhe Hapstead sile during tho year. Planning for a return to normal activity as the coronavirus crisis eases. Infomiatlon on fundralslng practices Two years ago the charity conducted a fundraising campaign and raised over £200,000 for a disability access and dementia friendly extension lo Merlin House. No such activity took place in this period. Our main fundraising events are fairs al Hapstead, and along wilh voluntary donations the money raised helps us to offer social, cultural and other support that is not paid for by Local Authority funding. The Charity is aware of the fundraising standards as published by the Fundraising Regulator and is commilled lo the highest standards of fundraisin9 practice and to being transparent and actounlable in our fundraising. There were no complaints received about this fundraising. As in previous years there was no direct mailing, street or other face lo face contacts and $0 there were no concems about important issues including protecting vulnerable people, unreasonable intrusion or persistence, or placing undue pressure on people, which are responsibilities that the charity lakes seriously. Page 8

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2021 STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees (who are also the directors of the company for the purposes of Company lawl are responsible for preparing the Trustees, Report and the financial statements in a¢cordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounttng Practicel- Company law requires the Trustees lo prepare financial slalements for each financial . Under company law the Trustees must not approve the financial statements unless they 8re satisfied that they give a true and fair view of the slate of affairs of the eompany and of ils incoming resources and application of resources, including its income and expenditure, for that period. In preparing these fin8ncial statements. the Trustees axe required lo.. select suitable accounting policies and then apply them consislenlly., observe the methods and principles of the Charities SORP IFRS 1021.. make judgments and accounting eslimale5 that are reasonable and prudent., stste whether applicable UK Accounting Standards IFRS 1021 have been followed. subject lo any material departures disclosed and explained in the financial stalemenls". prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the company will continue in business. The Trustees are responsible for keeping adequate accounts'ng records that are sufficient to show and explain the company's transactions and disclose with reasonable accuraey al any lime the financial position of the company and enable them lo ensure that the financial statements eomply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other iffegulairties. Disclosure of information to auditors Each of the persons who are Trustees at the time when this Trustees, Report is approved has confirmed that". so far as that Trustee is aware. there is no relevant audit inlormation of which the charity's auditors are unaware, and that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the ¢harty's auditors are aware of that information. Auditors The auditors, Bishop Fleming LLP, have indicated their willingness to continue in offi￿. The designated Tiuslees will propose a motion reappointing the auditors at a meeting of the Trustees. Approved f* by order the members of the board of and signed on their behalf by.. Trustees on LK Ins J Wallls-Eade Page 9

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF CAMPHILL DEVON COMMUNITY LIPdJlTED Opinion We have audited the financial statements of Camphill Devon Ccxnmunily Limited {Ihe 'eharitsbk companV} for the year ended 31 January 2021 which comprise the Stslement of Financial Activrf(ies, the Balan￿ Sheet. the Slalemenl of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, {United Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial statements.. give a true and fair view of the slate of the charitable companys affairs as at 31 January 2021 and of its incoming resources and application of resources, including ils income and expenditure for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in acco¥dance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI {ISAs IUTrQI and applicable law. OUT responsibilities under those standards are further described in the Auditors, responsibilitie$ for the audit of the financial $latements sedion of our report. We are independent of the charitable company in accordance with the ethical requirements that ale relevant to our audit of the financial statements in the Unf(ed Kingdom, including the Financial Reporting Council'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 lo promde a basis for our opinion. Conclusions relatlng to going concern In auditing the financial slalemenls, we have concluded that the Trustees. use of the going concern basis of accounting in the preparation of the financial statements 15 appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, Individual￿ or colledively, may cast signrficant doubt on the charitable companls ability to continue as a going concem for a period of at least twelve months from when the financial slalemenls are aulhorised for issue. Our responsibilities and the responsibilities of the Trustees wlh respect lo going concgm are described in the relevant sections of this report. Other infom)ation The other infomialion comprises the infc¥mation included in tho Annual Report other than the financial statements and our Auditors, Report Ihereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and. exeept to the extent othe￿ise explicitly slated in our report, we do not express any form of aSSUra￿e conclusion theTeon. 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 course of the audit, or otherwise appears to be materially misslaled. If we identify such material inconsistencies or apparent material misslalemenls, we are required lo determine whether this gives rise lo a material misslalement 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 lo report that fact. We have nothing lo report in this regard. Page 10

CAMPHILL DEVON COMMUNITY LIMITED {A COMPANY LIMITED BY GUAIiANTEEI INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CAMPHILL DEVON COMMUNITY LIMITED (CONTINUED) Opinion on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the infomalion given in the Trustees. Report for the financial year for which the financial stslements are prepared is consislenl with the fsnancial statements. the Trustees, Report has been prepared in acc￿anCe with applieable legal requirements. Pjlatters on whSch we are required to report by exception In the light of our knowledge and understanding of the charitable company and ils environment obtained in the course of the audit. we have not identified material misstatements in the TNslees' Report. We have nothing to report in wpect of the following matters in relation lo which Companies Ad 2006 requires us lo report lo you rf. in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from blanches not v151ted by us," or the financial statements are not in agreement with the accoLtnling records and relums., or certain disclosures of Trustees, remuneration specified by law are not made., or we have not received all the information and explanations we requiTe for our audit,. or the Trustees were not enlilled lo prepare the financial slalements in accordance with the small companies regime and lake advantage of the small companies, exemptions in preparing the Trustees, Report and from the requiiemenl lo prep8re a Strategic Report. Re$ponsibilitles of trustees As explained more fully in the Trustees, Responsibilities Statement. the Trustees (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 necessary to enable the preparation of financial slalemenls that are free from material misstatement, whether due to fraud or error. In preparing the financial slalements, the Trustees are responsible for assessing the charitable companls ability lo continue as a going concern, disclosing, as applicable, matters related to g¢ing ¢on¢ern and using the going concern basis of aceounling unless the Trustees either intend to liquidate the charitable company or to ¢ease operations, or have no realistic alternative but lo do so. Page11

CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED BY GUARANTEEI INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CAMPHILL DEVON COMMUNITY LIMITED ICONTINUEDI Auditors. responslblllttes for thg audlt of the financlal statements Our objectives are to obtain reasonable assurance about whether the financial slalemenls as a whole are flee from material misstatement, whether due lo fraud or eiror, and lo issue an Auditors, Report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS {UKI will always delecl a maerial misstatement when (( exists. Misslalernenls Can arise from fraud or error and are considered material if, individualty or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non•compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo delecl material misstatements in respect of iiiegularrties. including fraud. The extent lo which our procedures a￿ capable of delecling irregularities, Including fraud is detailed below.. In assessing the risk of material misslalement in resped of irregularities, including fraud and non-compliance wf(h laws and regulations, we considered the following: the nature of the sector, control environment and the Charity's performance,. results of our enquiries of management and the Trustees, about their own idenlificalion and assessment the risks of irregularities., any matters we identified hawng obtained and reviewed the Charitys documentation of their policies and procedures relating lo.. identifying, evaluating and cornplying with laws and regulations and whether they were aware of any inslan¢es of non-compliance", delecling and responding lo the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud,. the internal eonliols established lo miligale risks of fraud or non-compliance with laws and regulations., the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial slalemenls and any potential indicators of fraud. As a result of these procedures. we considered the opportunities and incentives that may exist wlhin the Charity for fraud, which included incorrect recognition of income. management override of controls using manual journal entries, and identified the greatest potential for fraud as incorrect recognition of revenue and management override using manual journal entries.. In common with all audits undgr ISAS {UKI. we are also required lo perform specific prtxedures lo respond lo the risk of management overiide. We identified and obtalned an understanding of the laws 8nd regulations that are of significance to the Charity by discussions wth Trustees and by updating our understanding of the sector in which the Charity operated in. Laws and regulations that are of direct significance to the Charity and of which non'compliance could result in material misslalemenl are the Charities Act, Companies Act, Charities SORP. and lax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements bul compliance with which may be fundamental to the Charity's ability to ¢)perale or lo avoid a material penalty. These include compliance with CQC, data prole¢tion regutations, occupational health and safety regulations. building legislation and employment legislat￿n. Our prcLedures to respond to risks identified included the followng.. reviewing the financial slalemenl disclosures and testing to supporting documentation to assess compliance with provistons of ￿levant laws and regulations described as having a direct effect on the financial slatemÈnts', fevtewing the financial statement disclosures and testing to supporting documentalK)n lo assess the recognition of revenue. in line with longer term contract accounting methodologies,. enquiring of Trustees and management concerning actual and potential litigation and claim5,- performing procedures to confimi material Complian￿ with the requirements of the above regulations,. perfoming anafytral procedures to identify any unusual or unexpected relationships that may indicate risks of material misslalemenl due to fraud.. reviewing the charrties compliance and correspondence Wbth CQC., reading minutes of Trustee meetings., and Pagg 12

CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY UMITED BY GUARANTEEI INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CAMPHILL DEVON COMMUNifY LIMITED ICONTINUEDI in addressing the risk of fraud through management override of controls. testing the appropriateness of journal entries and other adjustments,. and assessing whether the judgements made in making accounting estim81es are indicative of a potential bias. We also communicated relevant identified laws and ￿gUla￿OnS and potential fiaud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulalioll5 throughout the audit. Our audit procedures were designed lo respond lo risks of material misslalement in the financial statements recognising that the risk of not detecting a material misstatement due lo fraud is higher than the risk of not detecting one resulting from an error, as fraud may involve deliberate ¢oncealmenl by, for example, forgery, misrepresenlalions or through collusion. There are inherent limitations in the audit procedures performed and the further removed non4ompliance with laws and regulations is from the events transactions reflected in the financial stalemenls, the less likely we would become aware of it. A further description of our responsibilities for th¢ audit of the financial statements is located on the Financial Reporting Council's websrte al.. W￿.frc.o .ukJaudilorsres onsibilitie Auditors, Report. This description forms part of our Use of our report This report is made solety to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken $0 that we might slate lo the charitable companls members those matters we are reqUI￿d lo stale lo them in an Auditors. Report and for no other purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company and ils members, as a body, for our audit work. for this report. or for the opinions we have formed. ark Munro FCA {Senior Statutory Auditor) for and on behalf of Bishop Fleming LLP Chartered Accounlanls Stat￿ory Auditors 2nd Floor Stralus House Emperor Way Exeter Business Park Exeter EX13QS Dale.. 65 C&&- 2021 Pag? 13

CAMPHILL DEVON COkqMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEEI STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JANUARY 2021 Unre$tricted funds 2021 Restricted funds 2021 Totsl funds 2021 Total funds 2020 Note Income from: Donations and legacies Charitable adivities Investments Other income 21.403 1.748,586 7.809 17.081 1,375 22,778 1,748.586 7.809 123,223 37,430 1.661.997 12,093 49,069 106,142 Total Income Expendlture on: Raising funds Charitable activities 1,794,879 107,517 1.902,396 1,760,589 1,716 1,707,025 1,716 1,750,373 1,175 1,670,004 Total expenditure 1,708.741 43.348 1,752.089 1,671,179 Net movement in funds Reconciliation of funds: Total funds brought lo￿ard Net movement in funds 86,138 64,169 1SO,307 89.410 2,656.469 86,138 3.446 64.169 2,659.915 150,307 2.570,505 89,410 Total funds carried fonvard 2,742,607 67.615 2.810,222 2.659.915 The Statement of Financial Activities ineludes all gains and losses recognised in the year. The notes on pages 17 to 31 fomi part of these financial slatemenls. Page 14

CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED BY GUARANTEE) REGISTERED NUMBER:01435068 BALANCE SHEET AS AT 31 JANUARY 2021 2021 Note 2020 Fixed assets Tangible assets 12 1,627,618 1.717,790 1,627,618 Current assets 1,717.790 Stocks Debtors Cash at bank and in hand 13 14 9,438 69,962 1,227,037 10,323 96,284 958,493 1,306.437 1,065.700 Creditors.. amounts f811ing due within one year 15 1109.9391 {93,5011 Net current assets 1,196,498 971,599 Total assets less Current liabilitles Creditors.. amounts falling due after more than one year 2,824,116 2.689,389 16 (13.8941 (29,4741 Total net assets 2,810.222 2,659,915 Chartty funds Restricted funds Unrestricted funds 18 18 67,615 2,742,607 3,446 2,656,469 Total funds 2.810,222 2,659.915 The Trustees acknowledge their re5ponsibililies for comptying with the requirements of the Act wlh respect lo accounting records and preparation of financial slatemenls. The financial statements have been prepared in accordance with the provisions applicable to entities subject lo the small companies regime. The financSal statements were approved and aulhorised for issue by the Trustees and signed on their behalf by-. on J C F Hit¢hin The notes on pages 17 to 31 form part of these financial statements. Page 15

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE} STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JANUARY 2021 2021 2020 Cash flows from operating actlvitie$ Nel cash provided by operating aclivrties 311.785 363,136 Cash flows from Investing activltles Interest receThied Proceeds from the sale of tangible fixed assets Purchase of tangible fixed assets 3,387 1.800 {33,714) 6,772 35.132 {76,0921 Net cash used in Investing activities 128,5271 134,1881 Cash flows from financing activities Repayments of borrowing {14.7141 {14,2901 Net cash used in financing activities {14,7141 {14,2901 Change in cash and cash equivalents In the year Cash and cash equivalents al the beginning of the year 268.544 314,658 958,493 643,835 Cash and cash equlvalents at the end of the year 1.227,037 958,493 The notes on pages 1710 31 form part of these financial slalemenls Page 16

CAMPHILL DEVON COMMUNITY LIMITED {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 GENERAL INFORMATION Camphill Devon Community is a company limited by guarantee and is constituted under a Mernorandum of Association dated 5 July 1979. The company is also a registered charty. The principal office is Camphill Devon Community Limited, Hapslead Village. Buckfastleigh. TQ11 OJN. ACCOUNTING POUCIES 2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial slalemenls have been prepared in accordance with the Charities SORP IFRS 102} - Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) leffeclNe 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Camphill Devon C(xnmunty Limited rneels the definition of a public benefrt entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the ielevanl accounting policy. 2.2 INCOME All income is recognised once the company has entitlement lo the income, il is probable that the income will be received and the amount of income receivable can be measured ￿lIablY. The recognition of income from legacies is dependent on establishing enlillemenl, the probability of receipt and the ability lo estimate with sufficient accuracy the amount receivable. Evidence of enlillement lo a legacy exists when the company has sufficient evidence that a gift has been left lo them Ilhrough knowledge of the existence of a valid will and the death of the benefaclorl and the executor is salisfigd that the propety in question will not be required to satisfy claims in the eslale. Receipt of a legacy must be recognised when il is probable that il will be received and the fair value of the amount receivable, which will generally be the expected cash amount lo be distributed to the company, can be reliably measured. Income lax recoverable in relation to investment Income is recognised al the time the investment income is recetvable. other income. such as rental income, is recognised in the period in which il is receivable and lo the extent the goods have been provided or on completion of the service. 2.3 EXPENDITURE Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit lo a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activty. The costs of each activity are made up of the total of direct costs and shared costs, including support costs invofved in undertaking each actimty. Direct costs attributable to a single activity are allocated direcliy lo that activity. Shared costs which contribute lo more than one adivily and support costs which are not attributable to a Single activity are apportioned between those activities on a basis eonsistenl with the use of resources. Central staff costs are allocated on the basis of lime spent. and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes Costs of all fundraising activities events and non-charilable trading. Page 17

CAMPHILL DEVON COMMUNITY UMITED IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 ACCOUNTING POLICIES {contlnuedl 2.3 EXPENDITURE (CONTINUED} Expenditure on charitable activities is incurred on direclty undertaking the activities which further the company's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.4 GOVERNMENT GRANTS Govemmenl grants relating lo tangible fixed assets are treated as deferred income and released to the Statement of Financial Activities over the expected useful lives of the assets concerned. Other grants are credited lo the Statement of Financial Activities as the related expenditure is incurred. 2.5 INTEREST RECEIVABLE Interest on funds held on depgsit is included when receivable and the amount can be measured reliably by the Company,. this is normally upon not￿l¢allon of the interest paid or payable by the institution wth whom the funds are deposited. 2.6 TANGIBLE FIXED ASSETS AND DEPRECIATION Tangible fixed assets are initially recognised at wsl. After reeognilion, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tangible fixed asset into ils intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets le55 their residual value over their estimated useful lives, using the slraighl-line method. Depreciation is provided on the fonowing bases: Freehold property Motor vehicles Fixtures and fittings Sotar panels - 50 years 5 years 5 years 10 years 2.7 STOCKS AND WORK IN PROGRESS stocks and work in progress are valued al the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 2.8 DEBTORS Trade and other debtors are recogni8ed at the settlement amount after any trade discount offered. Prepayment5 are valued at the amount prepaid net of any trade discounts due. 2.9 CASH AT BANK AND IN HAND Cash al bank and in hand includes cash and short-lerm 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. P8ge 18

CAMPHILL DEVON COMMUNifY LIMITED IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 ACCOUNTING POLICIES Icontinued) 2.10 LIABILITIES Liabilities are recognised when there is an obligation al the Balance Sheet dale as a re5utt of a past event. rt is probable that a transfer of economic benefit wll be required in selllemenl. and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the company anticipates St will pay to settle the debt or the amount it has received as advanced payments for the goods or seNi¢es il must previde. 2.11 FINANCIAL INSTRUMENTS The company only has financial assets and financial liabilities of a kind that qualify as basie financial instsvments. Basic financial instruments are initially ￿COgniSed al transaction value and subsequently meaSU￿d al their settlement value with the exception of bank loans which are subsequent measured al amortised cost using the effective interest melhthj. 2.12 FINANCE LEASES AND HIRE PURCHASE Assets obtained under hiie purchase contracts and finance leases are ¢apitalised as tangible fixed asset5. Assets acquired by finance lease are depreciated over the Shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where subslanlially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors. nel of the finance charge allocated lo future perioc*s. The finance element of the rental payment is charged lo the Statement of Financial Activi(ies so as lo produce a constant p¢riodic rate of charge on the net obligation outstanding in each period. 2.13 PENSIONS The Company operates a defined ¢onlribulion pension scheme and the pension charge represents the amounts payable by the company lo the fund in respect of the year. 2.14 FUND ACCOUNTING General funds are unrestricted funds which are available for use al the discretion of the Trustee5 in furtherance of the general objectives of the company and wh￿h have not been designated for other purposes. Designated funds compllse unrestricted funds that have been set aside by the Trustees for parti¢Lftar purposes. The aim and use of each designated fund is set out in the notes lo the financial slalements. Restricted funds are funds which are to be used in accordance wi(h specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the spe¢rfic fund. The aim and use of each restricted fund is sel out in the notes lo the financi81 statements. Investmonl income, gains and losses are all¢xated to the appropriate fund. Page 19

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 INCOME FROM DONATIONS AND LEGACIES Unreslrlcted Restricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Donations Legacies Other income 14,572 6,483 348 1.375 15.947 6,483 14,563 22.504 363 21,403 1,375 22.778 37.430 INCOME FROM CHARITABLE ACTIVITIES Unrestricted funds 2021 Total funds 2021 Total fvnds 2020 Fees re￿iVed Workshop and farm sales 1,740,846 7.740 1,740,846 7,740 1,657,731 4,266 TOTAL 2021 1.748,586 1.748,586 1,661.997 INVESTMENT INCOME Unrestricted funds 2021 Total funds 2021 Total funds 2020 Farm rent Bank interest 3.053 4,756 3.053 4,756 6,1( 5,987 7,809 7,809 12,093 Page 20

CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 OTHER INCOMING RESOURCES Unre$trlcted Restrlcted funds funds 2021 2021 Total funds 2021 Total funds 2020 Profrt on sale of fixed assols Solar energy income Coronavirus Job Retention Scheme grant income 1.800 15,281 1.800 15,281 34,628 14,441 106,142 106,142 17.081 106,142 123.223 49,069 EXPENDITURE ON 14AISING FUNDS COSTS OF RAISING VOLUNTARY INCOME Unrestricted tunds 2021 Total funds 2021 Total funds 2020 Fundraising expenditure 198 198 734 FUNDRAISING TRADING EXPENSES Unrestricted funds 2021 Totsl funds 2021 Total funds 2020 Fundraising expenses 1,518 1.518 441 Page 21

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 ANALYSIS OF EXPENDITURE BY ACTIVITIES Acttvlties undertaken directly 2021 Total funds 2021 Total funds 2020 Charitable activities 1,750.373 1.750.373 1,670.004 ANALYSIS OF DIRECT COSTS Total funds 2021 Totsl funds 202D Activities 2021 staff costs Depreciation Support of residents Medical expenses CulluTal and educational activities Cost of farm and workshop activities Staff training Subscriptions Premise5 Motor and travel expenses Sundry expenses Printing, postage, telephone arKI office oxpenses Accountancy Professional fees Bank charges Additional COVID expendiluie Siemens lease interest Govemanco costs 1,128,525 119,594 165,975 1,C68 1,128.525 119.594 165,975 1,068 1,033,620 114.767 180.992 1,288 503 11,438 6,881 10,898 197.866 34.560 10,991 28.527 5,239 12,694 2,758 8,326 2,804 12,165 181,540 26,855 10.151 31.255 9,080 8.532 3.090 38,996 2,267 150 8.326 2,804 12,185 181.540 26,865 10.151 31,255 9.080 8.632 3.090 38,996 2.267 150 3,172 13,810 1,750,373 1.750,373 1.670,004 Page 22

CAMPHILL DEVON COMMUNifY UMITED IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 AUDITORS, REMUNERATION 2021 2020 Fees payable to the ¢ompanls aLtdilor for the audit of the company's annual accounts 6.500 5,300 Fees payable lo the company's auditor in respect of.. All non-audil serVi￿S not included above 2,750 2,050 10. STAFF COSTS 2021 2020 Wages and salaries s￿la[ security costs Contribution lo defined contribution pension schemes 1,022,272 74.758 31,495 944.475 67,730 31,655 1.128.525 1,043,860 The average number of persons employed by the company during the year was as follows.. 2021 No. 2020 Care and support staff Fami and maintenance staff Adminislralive staff 35 44 No employee received remuneration amounting lo more than £60,000 in either year. 11. TRUSTEES. REMUNERATION AND EXPENSES During the year, no Trustees weived any remuneration or other ￿nefits (2020- £NILI. During the year ended 31 January 2021, no Trustee expenses have been in¢urred12020- £9251. Page 23

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 12. TANGIBLE FIXED ASSETS Freehold property Motor Flxtures and vehicles fittings Total COST OR VALUATION At 1 February 2020 Additrons Disposals 2.471,060 6,634 132.314 8,000 {5.990} 820.665 19.080 {3,4471 3.424,039 33.714 {9.437) At 31 January 2021 2.477,694 134.324 836.298 3.448,316 DEPRECIATION Al 1 February 2020 Charge for the year On disposals 940,126 48,013 82,054 23,302 {5.9901 684,069 52,571 {3.447) 1,706,249 123.8B6 {9,437) Al 31 January 2021 988.139 99,366 733,193 1,820,898 NET BOOK VALUE At 31 January 2021 1,489,555 34,958 103,106 1.627.618 At 31 January2020 1,530,934 50.260 136,596 1,717.790 13. STOCKS 2021 2020 Fami Workshop Healing oil 797 2,915 5.728 1,266 3,019 6,038 9,438 10,323 Page 24

CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 14. DEBTORS 2021 2020 DUE VVITHIN ONE YEAR Trade debtors Other debtors Prepayments and accrued income 59.222 3.565 7.175 68,071 21,903 6,310 69,962 96,284 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Trade creditors Other taxation and social security Obligations under finance lease and hire purchase contracts Accruals and deferred income 36.520 18.757 15.685 39.077 42.240 18,039 14,719 18,503 109,939 93.501 16. CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2021 2020 Nel obligations under finance leasg and hire purchase contracts 13.894 29,474 Finance lease and hire purchase liabilities are secured against the assets lo which they ielale. 17. FINANCIAL INSTRUMENTS 2021 2020 FINANCIAL ASSETS Financial assets measured at fair value through income and expenditure 1,227,037 958,493 Financial assets measured at fair value through income and expenditure comprise of cash and cash equivalents. Page 25

CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED BY GUAIiANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 18. STATEMENT OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR Balance at 1 February 2020 Balance at Transfers 31 January Inlout 2021 Income Expenditure UNRESTRICTED FUNDS DESIGNATED FUNDS Land and buildings Maintenance programme Vehicle fund Hapslead development MerryField development Fumiture replacement 1,530.934 7,757 50,260 514,337 15.000 38.181 (48,013) 6,634 1,489.555 7.757 34.958 738,420 15.000 38,181 {23,3021 8.000 224,083 2.156,469 {71,315 238,717 2,323,871 GENERAL FUNDS General funds 500,000 1,794.879 11.637A261 (238,7171 418.736 TOTAL UNRESTRICTED FUNDS 2,656,469 1,794.879 11,708.7411 2,742.607 RESTRICTED FUNDS Ralph Brerelon fund Workshop Resident S(￿lar adivities Weavery Covid support fvnding 1,245 1.881 253 67 (324) (1.7971 1401 {49) 141,1381 921 213 18 107,517 66,379 107.517 (43.348) 67.615 TOTAL OF FUNDS 2,659,915 1,902,396 {1,752.089) 2,810.222 Page 26

CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 18. STATEMENT OF FUNDS {CONTINUEDI The land and buildings fund represents the nel book value of freehold land and buildlngs, which are not available for distribution by the Charity. The maintenance programme fund is to support a programme of property maintenance 81 Hapstead. The vehicle fund represents the net book vatue of motor vehicles. which are not available for distribution by the Charity. The development of Hapslead sile fund represents the development of Hapstead including meeting the changing needs of residents. The available surplus for the year has been transferred lo this fund. The Mer￿le1d development funs is lo maintain Merryfield fam house. The fumiture replacemenl fund is lo support a programme of furniture replacement at Hapstead. The workshop equipment fvnd represents donations reeeivod towards the development of the WOTkshop. The Ralph Brerelon fund represents a legacy re￿Ned to be used ft¥ the benefit of residents. The resident social aclimlies fund represents income received towards specrfic expenditure on aclivf(ies for thg benefit of the residents. The COVID sUPPOrt funding represents funds given lo th& Charity from the local authorty lo be used on supporting the home through the COVID pandemic. Page 27

CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 18. STATEMENT OF FUNDS ICONTINUEDI STATEMENT OF FUNDS - PRIOR YEAR Balance al 1 February 2019 Balanee at 31 January 2020 Transfers inloul Income Expenditure UNRESTRICTED FUNDS DESIGNATED FUNDS Land and buildings Maintenance programmo Vehicle fund Hapstead development Merryfield development Furniture replacement 1.569.906 7,757 86,624 320,152 15,000 38.181 (38,9721 1,530,934 7,757 50,260 514,337 15,1)00 38.181 {36,3641 194,185 2,037.620 175,336) 194,185 2,156,469 GENERAL FUNDS General fvnds 530,789 1,759.239 11,595,843) 1194.185) 500.000 TOTAL UNRESTRICTED FUNDS 2.568,409 11,671.179) 2,656.469 RESTRICTED FUNDS Ralph Brerelon fund Workshop Resident sttial activities Weavery 1.245 531 1.245 1,881 253 67 1.350 253 67 2,096 1.350 3,446 TOTAL OF FUNDS 2,570,505 1,350 11,671,179} 2,659.915 Page 28

CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 19. SUMMARY OF FUNDS SUMMARY OF FUNDS- CURRENT YEAR Balance at 1 February 2020 Balance at Transf&Ys 31 January Inlout 2021 Income Expendlture Designated funds General funds Restricted funds 2,156,469 500.000 171,3151 238.717 1,794.879 {1,637,426) 1238,7171 107,517 (43.348} 2.323.871 418.736 67.615 2,659,915 1,902,396 {1.752.089) 2,810,222 SUMMARY OF FUNDS- PRIOR YEAR Balance at 1 February 2019 Balance at 31 January 2020 Transfers inloul Income Expenditure Designated funds General funds Restricted funds 2,037,820 530,789 2.096 175.3361 194.185 1,759,239 11.595.843) 1194.1851 1,350 2,156,469 500,000 2.570,505 1.760.589 11,671.179) 2,659,915 20. ANALYSIS OF NET ASSETS BEfwEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT PERIOD Unrestricted Rgstrlcted funds funds 2021 2021 Total funds 2021 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 1.627.618 1.238,822 1109,9391 (13.8941 1,627,618 1206.437 1109,9391 113,8941 67,615 TOTAL 2,742,607 67,615 2,810.222 Page 29

CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 20. ANALYSIS OF NET ASSETS BETWEEN FUNDS (CONTINUED) ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR PERIOD Unrestricted funds 2020 Restricted funds 2020 Total funds 2020 Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year 1,717,790 1,061,654 193.5011 {29,474} 1.717.790 1,065,100 {93,501) 129.474) 3,446 TOTAL 2.656,469 3,446 2,659,915 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 21. 2021 2020 Net income for the period las per Stslement of Financial ActivStiesl 150,307 89.410 ADJUSTMENTS FOR: Depreciation charges Losses on investments Profil on the sale of fixed assets Decrease in stocks Decrease in debtors Increase in Creditors 123.886 {3,387) (1,8001 885 26,322 15.S72 114.709 {6,772} {18.3001 5,431 177.883 774 NET CASH PROVIDED BY OPERATING ACTIVITIES 311,785 383,135 22. ANALYSIS OF CASH AND CASH EQUIVALENTS 2021 2020 Cash in hand 1.227,037 958,493 TOTAL CASH AND CASH EQUIVALENTS 1.227.037 958,493 Page 30

CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED BY GUAFi4NTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2021 23. ANALYSIS OF CHANGES IN NET DEBT At1 February 2020 Cash flows At31 January 2021 Cash al bank and in hand Finance leases 95B.493 (44,193) 268.544 14,714 1,227,037 (29.4791 914.300 283,258 1.197,558 24. PENSION COMMITMENTS The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £31.49512020.' £31,655)- Contributions lotslling £2.87812020'. £4,222) were payable lo the fund al the balance sheet dale and are included in ¢redilor5. 25. OPERATING LEASE COMMITMENTS At 31 January 2021 the company had commitments tr) make future minimum lease payments under non- cancellable operating leases as follows-. 2021 2020 Not later than 1 year Later than 1 year and not later than 5 years 261 1,045 261 261 1,306 26. SHARE CAPITAL, MEMBERS, LIABILITY AND CONTROL The company is limited by guarantee. 11 is under the control of its members. whose maximum liability in the event of the cornpany being wound up Is £1. RELATED PARTY TRANSACTIONS The company has not entered into any retated paty Iransaetion during the year, nor are there any oulslanding balances owing be￿een related parties and the company at 31 January 2021. During the year key management personnel recewed remuneration of sixty four thousand five hundred and ninety five pounds12019.. fifty eight thousand one hundred and twenty five pounds}. Page 31

CAMPHILL DEVON COMMUNITY LIMITED GOING CONCERN ASSESSMENT

The Trustees report that forms part of our Annual Report and Accounts contains the following statement.

After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The Trustees in particular considered the risks to the company from the current inflationary environment. As described in the Review of activities, the company continues to have a strong financial position, underpinned by a successful re-negotiation of the majority of its fees. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

The relevant standards define the period that has to be considered for the foreseeable future as twelve months from the date of approval of the accounts. This paper considers the period up to the end of the next financial year (31 January 2023).

Financial Performance

The Company’s accounts show that we have operated at a surplus in recent years. Our current year’s approved budget shows an operating surplus of £17,667. A revised projection for the current year indicates a substantial surplus is likely to be achieved, currently estimated to be £314,000, driven by the success of our programme to re-negotiate our fees.

In the current climate budgeting for 2023/24 is particularly difficult. A first draft budget to be tabled at the September finance meeting shows a deficit of £57k. The following assumptions are built into this:

Fees - a further inflation increase of 3%. With headline inflation currently in double figures this is considered a conservative assumption.

Payroll - a pay increase of 5% already approved is included but no allowance has been made for a further increase in 2023. Our cumulative pay increase since autumn 2021 are well ahead of inflation and have kept us competitive. It remains to see where the market goes next year Costs; Inflation assumptions of 50% for heating, 20% for fuel, 20% for food and 5% for general expenses.

We intend to revisit all assumptions at the end of the year. While the scale of the currently projected deficit represents a fraction of our reserves and is comfortably covered by the surplus now forecast to be generated in the current year, we would expect to apply cost constraints to bring us back to a breakeven.

Capital & Maintenance Programme

These budgets do not include the maintenance catch up programme and infrastructure programme which currently stands as follows:

Total estimated cost at 1 Feb 22	£280,953
Estimated spend in 2022/3	£100,000
Net	£ 180,953
Funded by:
2023/24 operating budget	£50,000
Merryfield long term development fund £25,000
Designated reserves	£105,558
The portion funded by reserves fully	covered by existing cash holdings in the balance sheet.

The programme is behind schedule due to staff and contractor constraints and so some of the expenditure may now occur in beyond 23/24. Given it is matched by cash reserves the delay has no consequence for our going concern period

The increase in the total compared to the prior year estimates has principally been the addition of water infrastructure which as not costed this time lasted year. This is now well progressed and will be complete within the current financial year.

Cash generation

The statutory accounts show a strong accumulation of cash in the past three years. Our operating budgets largely match cash generation (there are relatively few non-cash items in them). We are thus self-supporting in cash terms before the maintenance catch up programme where we have sufficient cash reserves cover and control over the timing of initiating the expenditure.

Balance sheet

As at 31 January 2022 we had net assets of £3.2m of which cash represented £1.7m. Creditors were only £0.1m.

At 31 July cash balances were £1.9m.

This demonstrates we have a strong and resilient balance sheet.

Risks

There are three principal risks that could have a significant impact on our finances over the going concern assessment period:

• (a) An increase in voids would immediately impact our operating result as our model means we can’t adjust our cost base immediately. The budget assumes 1 void throughout the year. No other voids are currently expected.

• (b) Macro economics - we could see our costs rise by more than we have currently budgeted. This is a sector wide issue and in this event, we would expect to be able to achieve higher inflationary adjustment to our fees, given the relatively modest increase in the budget. We have assumed no direct government support.

• (c) A loss of our operating certificates. We have been recently inspected by CQC and downgraded to Requires Improvement. We have assessed needed improvements as relatively easy to achieve and have an action plan to address them. We maintain close contact with commissioning agencies and have a full set of health & safety, safeguarding and other quality policies and procedures in place Our principal commissioner, Devon, has indicated they are not concerned with the CQC findings. We have also had a number of supportive messages from families of those we support.

• (d) Staffing: there is a national shortage of care staff and we are ourselves currently short albeit the position has improved slightly. This could drive salaries in the sector higher than the 5% increase we have just awarded (keeping out total increases over last year above the current headline inflation rate). If we need to increase salary levels further this could increase the currently projected deficit. Staff costs have also been impacted by the shortage of volunteers as a result of difficulties obtaining visas, this element is already built into the budget. Our strong reserves provide us with the ability to absorb further staff costs increases over the course of the next two years, giving us time to adapt.

Conclusion

The trustees believe, on the basis of the above analysis, that the company remains a going concern for the period up to 31 January 2024.