Reglstpr¢d number: 01435068 Chartty number: 278173 CAMPHILL DEVON COMMUNif< LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 Bishop Fleming CAMPHILL DEVON COMMUNrrY LIMITED IA COMPANY LIMITED BY GUARANTEEI CONTENTS Page Reference and Admlnistrative Detalls of the Company, Its Trustees and Advlsers Tw3tees' Report Independent Auditors. Report on the Finaneial Statement5 Statement of Flrtanci•l Activities 9-12 13 B•lance Sheet 14 statement of Cash Flows 15 Notes to the Flnancial Statements 16-30 CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED BY GUARANTEEI REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JANUARY 2024 Trustees J C F Hilchins SEGill D M Kemp-Gee IResigned 28 June 20241 F H R McPhail D L While N A De Pulford K Gilbraith D W Morton (Resigned 30 November 20231 B E Smith (Appointed 6 October 20231 G H Gracie (Appointed 22 May 20241 C S Bailey (Appointed 17 May 20241 Company registered number 01435068 Charity reglstered number 278173 Registered office Hapslead Village Buckfastleigh TQ11 OJN Company secretary P L McDonald Chief executive officer S Whillingham Independent auditors Bishop Fleming LLP Chartered Accountants 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 Solicltors WBW Church House Queen Street Newion Abbot Devon TQ12 2QP Page 1 CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED B Y GUARANTEEI TRUSTEES. REPORT FOR THE YEAR ENDED 31 JANUARY2024 The Trustees Present Ihesr annual Teport together w¢lh the audited financial statemenls of the company lor the year 1 February 2023 to 31 January 2024. The Annual Report sgrves th8 purposès of both a Trustees. report and a direclor5' report under cornpany law. The Tiustees confirm Ihat the Annual Report and financial statements of ihe charitable company comply Mth the current slalulory requiramants. the requirements ol the charitable companls governing document and the provisions of the Statement of Rtr¢ornmended Practice ISORPI applicable lo charities preparing thelr accounts In ac￿rdance ￿ the Financlal Reporlng St8ndard applicable in th$ UK and Republic of Ireland {FRS1021. Since the company qualifies as small under section 382 of the Companles Act 2006, the Straleglc Report required of medium and large companies under tha Compani8s Act 2006 (Strategic Report and DSre¢tors' Report) RegulatKJns 2013 h85 been omitted. Object]ves and aetivitÉes Policles and oblecllves Charltable objects: Th9 Charity's core Objects, as set out in its Memorandum of AssociatKan. are the estsbli5hrnenl of a Commurbily for adults with learning disabilities wlth the b8nefits of a fijllilling Ille and providing occupation and skills such as In agricullural, horticultural and craft based acu'vilies. These Objects are in ac¢ordance with the principles of the late Dr Rudolf Sleiner. The Board ol Trustees adopted a revised Memorandum of Associati￿ in March 2007 and the Charitys Objects were broad¢ned in agreement vAth the Charity Commission for all Camph*ll con)munib"es. Aims: Wilhin these Objects, the Charity's aims are to provide an en￿rOnMent where every member of the Community is given the care and support to fulfil his or h8r potential. to encourdge th8 values of being part ol an intentional Community while enabling each individual lo develop Iheir own social and occupational lifest￿e. The Charity values and promotes social Inclusion by assisting people to be fulty engaged In the loca5 communily. The objectives for the year were discussgd by the Trustees and established as.. Embedding the ¢hanges made In response lo the Care Qyality Commission report so that our improvements are sustained Developing our plans for a Transttion" setvice betwe&n Registered Care and Supported Living Conlinving to progress the enhancement of our physic81 infrastructure for the benefit of those support Maintaining the financlal stsbility ol thg Charity in the context ol Ihe current inflationary m*roeconom pre55vres In setting obleclwes and ptanning for aclNilles, the TrLL8tses have given due consideration to general guidano¢ published by the Charlty Commlssion relating to public benefit, including the guidance 'Public bwiefiL running a charity IPB2)'. b. Strategies for achieylng obJ&¢￿V#S The Charity continues lo plan ahead lo ensure that the thanging needs of residents can be mel in thè future in terms Qf the accommodation and support provaded. the day servico aclivlles offered. Support Plans for ea¢h residenl. prepared on a continuous basis and reviewed al least annually, provide effectNe rnoni¢oring of needs and the Charity continues lo work with local authorities lo ensure that fees are ¢omrnensurale wsth indivldual nee(Is and the physical environment continuas to meel these needs. Effective management of the budget ond close monitoring by the Finance and Development Committee ensure that needs ale belng met wSthin available funds. c. Statement of public benefit5 (based UFon Principles 1 & 2 of the Charlty Commission Guidance) Page 2 CAMPHILL DEVON COMMUNITY LIMITED A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 JANUARY 2024 The alm of Camphill Devon Community Ireferr&d lo as 'The ComrnuniWI is to provide an environment where every member of the Community is given the Ca￿ and support lo fulfil his or her potenbal. to encourage the values of being part ot a community whlle enabling each indlvidual to develop their own S(￿1a1 and occupatlonal lrfest5de whether they live wsthin the residential homes or tholr own lenancles. The benefits deriving from the aim is lo provide adu115 Wslh learnln9 disabilitlgs wilh-. a sale and supportlv6 enviionmenl In which lo live and reoeivè support Bccording to need opportunities lo lake part in activities which provide meaningful daily occupation. training and the acquisition of skills which lead to an incr&8se in sell esteem and independence the support of 8 community ethos where people are valued as individuals opportunitie5 to take part in local activlties Such a5 educab"on, leisur8 and work In our view, there are no elemgnls of the aims of Camphill Devon Community whlch might be responsible for delrifflent or harm lo inditriduals or organisalions either within or outslde the Community- To the best of our knowl¢dge, there are no views held by Indivlduals or organisatltsn5 outside thè Community that the Comrnuntvs aims could or do cause dotrimenl or harm. The alms of Camphill Devon Community are Intended to benefit adults with le2rning disabilities who require care and support in a Registered Care Home or In Independonl Living Accommodation, or who maywlsh to access Day C8re Actiwties wthin the Community. The restrictions as to who nay have Ihe opportunllies to benefit from the aims of Camphill Devon Cctmrnunity are defined below: There is no geographical area that defines ￿1¢h indivhluals or tyganisations can benefit from the alms ¢f the Communlty The restriction of the aims of Camphill Devon Community based on charitable need limit the beneliclari$s lo adults M4th learning disabililies who have bgen assèssed by their loc81 aulhorilies or by indepèndent social workers as being in need of support and care provided by a Regisier8d Residential Care Home or by Independent Supported Llvlng or by a Day Care provider. The physical environment at Hapslead ¢8n be modified lo suit the needs of individuals. rec￿nIs1ng that the sito Is sleep and in a wral location. There are no m8mber5hip based Teslriclions to the Communily. Membership of thè Community 1$ automatically ¢¢￿Ierred on all residents of the Community. The Trustees do nrjl operate any particular criteria lo decidg who can benefit from the aims of the organisalign other Ihan Ihose ertlculated here. 10. The Community requires that 8118dults wilh learning dlsabilities who benefbt from the aims of the CommuTrlty should have adequate funding {either from their local authority or from other sources) to meet the fees for their Care and Support. The Communlty operates no financial restrictions on the beneficiaries of their aims, and Works in partnèrship wilh local authorities In order lo meet people's individual neèd8. Achievements and pèrforniance a. Review of actlvltlgs Voids 8nrJ Admissions Client number$ have remain8d stablo over Ihts past year. Sadly, one of thè people we support passed away in August 2023 and another has recently tell to mor¢ specialist provision due to a change of need. How&ver, we secured two suc¢egsful admlssions in May and October 2023, and a further In January 2024. We have been able lo increase bed numbèrs slightty. and al p￿sent have potential of 4 volds across 3 houses. We contlnue lo recoive relerrals, particularfy from out of county. although th¢se ar8 increasingly for more Page 3 CAMPHILL DEVON COMMUNrrY LIMITED IA COMPANY LIMITED BY GUARANTEE) TRU5TEES' REPORT {CONTINUEDI FOR THE YEAR ENDED 31 JANUARY 2024 omplex indlviduals which would requlre additional recruitment activiiy should a pla¢ement offei be accepted. Human Resourc85 Staffin Recruilmenl and retsnllon wthin soclal care continues lo present challenges. and no More so than within rural Devon. We have seen greal¢r turnover than would be Ideal, paruy due to long s18ndlng Management changes, as well perhaps as some newcomers to the sector (hat havg 51ruggled to adapt. We have increased pay rates ahead of the regional average for the comparable sector. which has boosted applications a little, and havo recently held our first Recruitment Opgn Day which will hopefully result in some new appointments. We currenly have Iwo Manager vacancies across OLtr Pendragon House and our Supported Living servic¢. Volunteers Volunteèr recruilment has also presented a 'spikey prollle, and has been complicated by the Introduction and 8llraclion of the Skllled Worker Wsa ITier 2), as w811 a5 the Volunteer Visa (Tler 51. Wè are experiencing long delays with the Home Offl¢e processes, and a greater percentage of refused applications. as well as an increase in failed placèments in cases wherè perhaps Ihe aspirations of volunleers coming lo the UK differ from our Ircumstances. All aspects of the above incrèase workload- in lerrns of Ihe welghl ol 'applicallon lo successful placement. statistic5, and also affect retention rates. However. involving volunt&8rs continues lo be an important part of the fabric and culture of Gamphill Devon, and we are oplimisli¢ that thi5 wll setde over time. F8•s Following the fwgl ph8se of uplifts we have continued to reap rewards when challenging fees. even if thiy is simply to maintain a cost-of-llving incroasg. New ailmission fees have been Sncreased. and we are seeing new c￿ntraCts agreed at this level. It will ￿ some tim8 bafor8 all fees are harmonised. as we arp committed lo maintaining current clignl pla¢èmenis and would not ￿7$h lo risk a placement failure as ? rgsull of a requesting a high fee upllfL Regulatlon Frustratingly. as we approach thé 8nd of May 2024, we are still to have hostad a fg-lnspection an¢J therefore our 'Requires Improvement, rating remains in place. We have submitted CQC'S Provider Inlormalson Return IPIR) whtrn requested in May 2024, and have within th81 document outlined both the progress made against previously identified b￿aCheS. as well as other devetopments acrK)ss our service. Safeguarding Thèrfr havtr been no significant safeguarding concerns during th8 year. Incidents that occur are genèrally 'low level, and are dealt with knlemally. or with partnership working local agon¢les. Staff Survey The statt survey has again been carr4ed eut thk% year and Trustees are in the process of collating fgedback thernes lo be shared with the staff team. The response rate and average response scores show a slight downtLtrn on last year. bul much of this relales to staffing levels and lumover. which we are worklng hard lo address. There Is 8 myriad of positive feedb8ck, demonslratsng the commitment of our team and the recognition ol th¢ specio1 working ènvironment that Camphill Devon provides. P8ge 4 CAMPHILL OEVON COMMUNITY LIMITED {A COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JANUARY 2024 Developm¥nts EssentlBI Setvlcgs - We have a clear plan ahead to inform whether an addiiional natural water supply wlll lie rgquired, as well as the need lo invest In suitable cover for the Storage tanks to manage ther-mal gain. Our plans have provided sufficient satssfa¢tion for ouv contractors to now progress w5th a wriltsn scheme and on-going monitoring of the water quallty. So. whilst further inveslrnenl 15 required. we are approaching a po$llbn of greater confidon¢e and security. Estates We made much investment in our property last year. securing installallons of several newty fitted kilchens. a Garden Kitehpn lo piomole 'fork lo p181e' 8¢tivithes, and a refttrbi5hmenl of one house to irnprov accessibillty and INing Space. Further work is ￿lanr￿d for the current year to Improve bathroom facllitre3 in geveral houses. TT8nsition It remains our Snlenlion lo develop a Transition offer on our main sile and have now v8¢aled a property to enable works lo be progressed in prèpaT8tion lor this later in 2024. Our offer will supwrt people vtho havè polenli81 of living wlhin B 'supported living. as opposed to residential style of ènvironment lo develop life skills before taking that step of greater independenc&. Merfin refurbishment - the development of Merlin h(xJse is now complete. improviThJ li￿ng. balhr(x)m, kltchen and outdoor soclal space for the people we support. and parb"culafly accessibility for people with deterlorating Mobility. Digital Recording we are ¢urrenlly Investigating options for digltsl recor(ling Systems, wilh the objefjltve of improvirKJ the quality and efficiency of our record keeping, as well as the ability to more effectlvely track, InlerrogBle. and archive this inlomiation. This will require a signif￿an1 investment.. both hurnan resour¢es. training and financlalty. but it ¥wll reap rewards In lem)s of efficiency, m8na*ing record keeping more professionally. and demonstrating our currency with comtnis5ioners and regu18tors Summary Thè last ￿#r has presented its chall8nges, particularly In tems of team resources and dynamics. St8fflng change5. the demands of recNitment and reienlion, including Home Office dela￿, wesent pressures lo day lo day operations and can be demotivating lo the team. However, we have a team of staff who are robust ènd comrnilted, and determSn&d lo deliver higtt quality care. and ensufe thal such prossures do not detract U3 from our ￿re v8lues and operations. We are irnplgmfnling our 2024 - 2027 Buslness Plan. wFuch includes a p8rb¢utar focus on ￿eruItMent and Telenlion. as well as other investments in workforce dev¢l¢pmenL quality re¢ording lo deliver lo regulatory requirements, Bnd fulure-proofing our provislon b. Perfomlance The resvlts for Ihe y¢8r show total incornlng resources of £2,907,849 and this conslsl$ primarily of income from feès. The costs of running the Communlty amounted lo £2,535,876. Overall, the net incomlng resources for the year amounted to £370.550, primarily representing a modest opèrating surplus whlch will be Te-invesled In future developrnents. Al 31 January 2024, the Charity had unvestricled, free unde$￿nated reserves of £1.253,516. Flnan¢ial review . Going concern Arter making appropriate enquirles. the Tnjslees have a reasonable expe¢l8lton that the company has adequate resources to continu& in operational existence lor th& foreseeable future. The Trustees particular eonsidered the risks to the company from the ¢urrenl cost of lsving crisis. As described in the Review of activi￿6$ Ihe ¢ompany has successfully increased ils fee income and continues to have a strong financial position. For this reason, they continue to adopt thè going ¢on¢grn basis in proparing tha flnancial stalem¢nts. Page S CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUED} FOR THE YEAR ENDED 31 JANUARY 2024 b. Reserves pollcy Al 31 January 2024 Ihe Charity's unreslricled funds are primarily represented by ils fixed assets, being the premises, fixtures fittings and motor vehicles which il iequires in order lo operate, together with a development fund covering planned improvements to the Charity's infrastructure. Included within designated reserves are £1,583,585 relating lo the nel book value of land and buildings and other fixed assets and £1,039,000 presenting the development fund. The unrestricted reserves of the Charity were £3,892.145 of which general funds Ifree undesignated reserves) mprised £1,253,516. Although inflationary pressures in the economy are beginning lo reduce, there remain sufficient uncertainties such that the Trustees have decided to relain the policy of holding free reserves for unforeseen circumstances al approximately six months of operating costs. This currently gives a target free general reserves level of £1.250,000 Structure, govemance and management a. Constitutlon 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 ils Memorandum and Articles of Association dated 5 July 1979, and amended 16 March 2007 and is a regisleTed charity number 278173 The principal object of the company is lo provide accommoctalion and support for people with learning disabilities in a wmmunily environment having regard to the principles of the late Dr Rudolf Steiner. b. Methods of appointment or electlon of Trustees Trustees are appointed by a vole of the Board, bul their appointment must subsequently be ratified at the AGM. One third of the Board put themselves fO￿ard for re election al the AGM in rolalion. All Trustees are members of the company, but membership of the company is open lo anyone involved wth the Community. The composition of the Board is kept under regular review. During the year, we welcomed one new Trustee, Brian Smith and said goodbye to David Morton. Since the year end Chris Bailey has joined the Board. Our Chair, John Hilchins, has announced his intention to retire following his 70th birthday in February next year. Following an extensive search process we have now appointed Gavin Gracie to the Board as Chair designate. Organlsational structure and declsion-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 will take place in June this year. The work of scrub'nising the finances of the Charity is delegated to the Finance Committee which meets around four limes a year. The Committee is usually chaired by a Trustee, and al least one other member of the Committee is usually a Trustee. The Finance Committee is responsible for setting an annual budget, which il submits lo the Board ol 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 plan5 and other new opportunities. The day lo day r4Jnning of the Community is delegated to a Chief Executive, supported by 8 Management Group who meet regularty. An Estates Committee. chaired by a Trustee and comprising a majority of Trustees together with the Chief Executive ar>d the Eslales Manager, provides oversight over the planning and priorilisation of developments of our physical estate. Page 6 CAMPHILL DEVON COMMUNITY LIMETED IA COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JANUARY 2024 d. Pollcles adopt¥d for the Induction and tralnlng of Trustèès There is a Camphlll Devon Trust80 induction pack. inclLrding a role description and a recruitment and inducllon tlmetable has been proYu¢ed. General Tru81ee tr&nlt)g is available from on Ilne PTovider$ and can be supplernenled by a C4mphill Devon specific semlnar, devised by the more experiericed Trustees and senlor officers. e. Relation5hlps with other charltable and non-charitable organisation5 Camphill Devon Community works with other organisalions in the pursult of its charitable objectives including the Association ol Camphill Communities. South Devon Rural Housing Associabon, ARC. Vocal and ACEVO. Camphill Devon Community also works wilh Devon County Council and other local autharilies. who sponsor indiwdual iesidents, Ihe Department of Work and Pensions, the Care Quality Commission, the ChaTity Commission. Teignbrid9e District Council and South Hams Dtslricl Council. f. Risk Managernent The Board of Trustees Is respon8lble for the management of the risks faced by the Charlty. Detailed m8n8gemenl of rSsk is delegated to the Chief Executlve, supported by a Management Group. A report is Provided to the Trustees, and the Trustees Consider the risks to the Charty covering Flnan¢ial Risk. Decision Making. Health and Safety, Safeguarding Adults. Charitable Slalus, and other issuos which could affect the wellbein9 of the Charity and b&neficiaries. The key controls by the Charity tnclude.. formal agendas and minutes for all committee and Board activity detsiled terms of refe￿nCe for committees and group5 annual reviews and cornpilatlon of Support Plans for all people supported regular supervision of all employed and non employed staff quarterly strategic planning. budgèting and management accounttng organlsalional structure and line5 of reporting formal detailed policies and procedures clear stnJ¢ture of authorisation and job roles velllng procedures 8$ required by law for the protection of vulnerable people regular monitoring visits made byTrt¢stee5 Plans for luturg perlods The Chaflly has identrf￿d the following areas as the key aspects of fuiure plans. to be Pursued durtng the next rinancial year.. Implernenling a digital recording tool to support OL*r CO￿ provision Irnproving our Staff recruitment And ¥elention Embedding our Workforce Development Plan to invest in 8 robust workforce and prornole internal skll developmènt Continuing lo develop our plans for a'lransllion. servl¢e betrrfeen Reglsteied Care and Supported Living Contlnuinu to Fffogress the enhancement of our physlcal infrastructure for the bèneffl of those we Support Maintaining the financial stability of the Charity in the Context of the current infla140nary macroeconomic pressures Informatlon on fundraislng pra¢tie•$ Five years ago tha charity conduoled 8 fundraising campaign and raised over £200,000 for a disability access And dementia friendly exlension lo Merfin HoL¢se. No such activity took place in ihis period. Our main fundraising events are fairs al Hapslead. and along with voluntary donations the money raised helps us to offer sodal, cultural and other support tha118 not paid for by Loc81 Authority fundlng. The charfty is aware of the fundraising standards as published by the Fundraising Regulator and Ss committed lo Pagg 7 CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMrrED BY GUARANTEEI TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JANUARY 2024 the highest standard$ of T￿r￿raiSing practice and to being transparent and accountable in our fundraising. There wer& no complain15 received abDut Ihls fundraising. As In previous years there was no dlrect maillng, stre&l or other face to face contacts and so there were no cOn￿rnS about important issues including protecting vulnerable peo￿e. Ltnreasonable intrusion or perslstence. or placing undue pressure on people. whl¢h are responsibilltles th31 the charty takes sgriously, Statom•nt of Trustees. responslbllltlas The Trustees (who are also the directors of the company for the purposes of company lawl are responslble for preparing ihe Trustees, Report and the financial statements in 8c¢ord8nce w¢th appll¢able law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees lo prepare financ481 statements foT each financial. Under company law the Trustees mu51 not approve ihe finandal statements unless they are satisfied that they glve a true and fall view of the state ol affalrs of the company Bnd of 115 incorning resourc85 and application of resources, including 115 incomè and eKpendilure, for that perlod. In preparing these financial stalemenls. the Trustees are requlred to: select suitable accountin9 policies and then apply them consisiently, observe the meihods and principles of the Charltiès SORP IFRS 102)- mako judgments and accounting eslimales that are reasonable and prudent., slate whether applicable UK Accounling Standards IFRS 1021 have been followed. subject to any material departures disclosed and explained in the financial stalements.. prepare the financial statements on the going concern basis unless il 15 inappropriate to presume that the romp8ny wll continue in bLtsiness. The Trusl£es are fe5ponsible for keeping adequate ￿cOUntIng rewrds that are suffiGi?nl lo show and explain Ihe coMpan￿S transadions and disclose wi*h reasonable accuracy al any time the financial position of the company and enable thom lo ensure th81 the finan¢i81 slatemenls comply with the Cornpanies Act 2006. Thgy are also responsible for saleguafdlng the assets of the company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularitles. Dis¢lo$ure of infomiation to auditors Each of the persons who ao Trustees al the time when Ihls Trustees, Report is approved has confirmed that.. so f8r as that Trustee is aware, there 15 no relevant audit 5nformètbn ol whth Ihe charitys auditors are unaware. and that Trustee has taken all the step5 that ought lo hav8 b88n tsken as a Trust•0 in order lo be aware of any relevant audit infortnation and to esiablish that the charitys auditors are aware of thal infomiation. Auditors Th8 audltors. Blshop Fleming LLP. have indicated their willingne55 to conlinue in office. Thb dèsignated Truste8s will propose a motion reappointing the auditors at a Meeting r)1 the Trustees. Appr ed by order ol th embers ofthe board of Trusloe$ and slgned on thelr beho11 by: FHI Chlns tè.. 2Lk Page 8 CAMPHILL DEVON COMMUNITY LIMITED A COMPANY LIMITED BY GUARANTEEI INDEPENOENfAUDITORS' REPORTTOTHE MEMBERS OF CAMPHILL DEVON COMMUNITY LIMITED Opinion We have audited the financial st81emenls of Camphill Devon Community Limited Ilhe 'charitable company'l for the year ended 31 January 2024 which comprise the Statemenl of Ftnancial Activib"¢s. thfy Balance Sheet, the ststemenl of Cash FIc>ws and the related notes. Including 8 Summary of significant accounting policies. The financial reporting framewcsrk that has been applied in their p￿paratIOn is appllcable law and United Kingdom Accounting Standards, including Financial Reportlng Sl8nd8rd 102 'The Financial Reporting Standard applS¢abl& in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accaunting Practlcel- In our opinion the financial stalernents.. glve a true and fair view of th$ state of the ch8ritable ¢omp8nls 8ffalrs as 8131 January 2024 antj of its incoming resource5 and 8pplication of resources, Including its income and expenditure for the year then ended., have been properly prepared in accordance with Unlled Kingdom Generally Accepted Accounting Practice.. and have been prepared In accordance with the requlremenls ol Ihe Companies Act 2006. Basls for oplnlon We ¢onduGled our audit in 8ccordan¢¢ with Intèmatlonal Standards on Auditing (UK} IISAS {UKII and appli¢able law. Our responsibilities under those stsndard5 are fttrther described in the Auditors. responsibilities for the audit of the ffinanclal slalements section of our report. We are independent of the charSlable company in accordance with the ethical requirements that are relevanl to our audit of the financial Statements in the United Klngdom. including the Financial Reporting Council'5 Ethical Standard, and we have tullilled our other ethical sponsibilities in accordance wllh these ￿qUIrements. We beI￿ve that th& audit evidencg we have obtalned 1$ sufficient and appropriate lo prowde a basis for our opinion. Coneluslons relatlng to golng concern In auditing the financial statements. we have concluded that the Trustees, use of the goiny con¢gm basis of 8ccounling in Ihe preparation of the financial statements is appropriate. Based on the work we have performecl, WÈ have not Identified any materfal uncertainties relating to evénts or condltlons thBt, IndlvSdu8lly or collecllvely, may cast significant doubt on the charitable CoMpan￿S ability to continue as a going concern for a p?riod of at lèa$t twelve months from when the financial statfymenls are authorised for issue. Our respon5ibilitie5 and ￿e r85p)nsibilili8s of thè Truste8s wth ts5pert to going concern are descrfbed in the relevant S¢Ctions of this report. other information The other inforrnation comprises the information included in the Trustees, Report and Financial Statèments other Ihan the finan¢S8151aternents and our Auditors, Report thereon. The Trustees a￿ iesponsible for the other information contained within the Tru51ees' Report and Fin8nclal slalemen15. Our opinion on the fin3ncial sial&m&nts does not covgr thè olher Information and, excepl to the extent otherwise explicSUy staled In our report. we do not express any form of assurance conclusior) thereon. Our responsibility is lo read the other information and. in dlirig 50, consider whether the other informallon Is materially inconsistent with the financial statements or our knowledge obtalned in the course of the audit. or otherwise appears to be materially misstated. If we identify such malerial inconsistenc￿$ or appar¢nt material rnisslalemenls, we are Tequired to delermino whethèr this gives r15e lo a material miss181emenl in the financial statements themselves. If, based on the work we have performed. we conclude that there Is a maledal mlsslalemenl of this other Snformalion. we are required lo r$port thal fact. We have nothing lo report in this regard. Page 9 CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE) INOEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CAMPHILL DEVON COMMUNtTY LIMITED ICONTINUEDI Oplnlon on other matters pro$crlbed by the Companles Aet 2D06 In our opinion. based on tho work undertaken in Ihe course Df the aud*t: the infoimalion given in the Trustees. Report includlng th¥ Strategic Report for ihe financial year for which the financial statements are prepared is consistsnt wllh Ihe financial statements. the Trustees, Report and the Straleoic Report have been prepared In a￿ordanc9 with applicable legal requirements. Opinion on other matters prescrSbed by the Compan18s Act 2006 Matters on Ythkh we are required to report by exception In the light of Qui knowledge and understanding ol the charbtable company and ils ènvlronmenl obtained In the course of the audit. we have not identified material misstatements In lh& Trusiees. Report. We have nothing lo report in respgct ol the following matters in relation lo whkh Companies Act 2006 requlres us to report to you il, in OUT opinion.. adequat& accounting records have not been k&pt, or retums adequate for our audit have not been received from branche5 not visitad by us: or the finanei815181ements are not In agieemgnt wllh tha Sceounling Tecords and retums; or certaln disc105ures of TnJstees' remuneration specified by law are not made.. or we have not recefved all the information and explanations we require for our audlt., or the Trustees were not entitled lo prepare the ffnancial statements in accordance with the small companiès regime and take advantage of the small companies, exemptions in preparing the Trustees. Report and from the requirement to prgp8re 8 Strategic Report. Responslbllltlès of trustees As trxplained more fijlly In the Twsleo8' Responsibllities Statement, the Trustees (who are also Ihe diredors of the charitable company lor the purposes of company lawl ar8 rest)on$ible for the preparation of the firtanaal statements and for being satisfied that they give a Iwe and fair wew. and for such internal ¢ontrol as the Tru51ees detemiine Is necessary to enable the preparation ot linanciel statements that are free from material misstatemonl, whether due to Itaud or error. In preparing the financlal stataments, the Trustees are responslble for 8ssesslng the charitable companls ability to conbnue as a going concern. dts¢losing, as applicable, niatter5 related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate thé charitable ¢ctmpany or to Cease operafjons, or have no realistic alternative bul lo ijo so. Page 10 CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED BY GUARANTEEI INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF CAMPHILL DEVON COMMUNITY LIMITED ICONTINUEDI Audltors. re$pon51bllitles for th& •udlt of the financlal statements Our objeclNes are lo obtain reasonable assurance al)oul whethèr the financial slalemenls as a whole are free from material misstatement. whether dve to fraud or error, and lo issue an Auditors, Report that includ¢s our opiriion. Reasonable 85surance is a high level of assurance, bul Is not a guarantee that an 8udit conducted in accordance with ISAS IUKI will always delecl a material misslalemenl when 11 exists. Misstatements can 8rf$e from fraud or error and are considered materlal if, Indiwdually or in the aggre9ate. they ¢ould reasonably be expectgd to influencg the aconoml¢ declsions of users takan on the basls of thes& financial statements. Irregutarltles, Includlng fraud. are Sn$tances of non-compf5anee wfth law5 and regLtlaUons. We design procedufes in line wlh our responsibilities, outlined above. to dolect material mSsstal&menls in respect of irregularSties, induding fraud. Thtr exlenl lo which our procedtjres are capabl& of delecling irregul¥rlties, Includlng fraud is dgtolled below.. In assessing the risk of material misstatement in respect of I￿89￿14r111e$, includlng fraud and nonrt malurlty of three months or less from the dale of acquisition or opening of the deposil OT similar account. 2.10 LIABILITIES Llabilltleg are reeognlsed when thore is an obligation al the Balance Sheet dale as a result of a past èv&nl, il is probable that a transfer of economic benefrt ￿11 be required In selllement, and the amount of the setuemènt can be estimated reliably. Liabilities are re¢ognised at th6 amount that ihe ¢ompany antiupates il Mrill pay lo sewe the debt or the amount il has recelv¢d as advanced pawnents for the goods or seMce5 Tt must provide. Pa9è 17 CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED B Y GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 ACCOUNTING POLICIES lcontinuedl 2.11 FINANCIAL INSTRUMENTS The company only has financial assets and financial liabilities of a kind that qualify as baslc financi instruments. Basic financial instruments ara Initially recognised at transaction value and subsequently rneasU￿d at their setUem$nl value with the exception ol bank loans which aro subsequently me8sured al am0￿sed Cost using the effective Intèrèst rnethod. 2.12 PENSIONS The Company operatgs a definad contrlbution penslon scheme 8nd the pension charge represents thg amounts payable by Ihe company to thè hjnd In respect ol the year. 2.13 FUND ACCOUNTING General funds are unrestricted funds which are available for u$¥ at the discretion ol lh¢ Trustees in furtherance ol the general objectives ol the company and which have not been designated for other purpts5e5. Deslgnaled funds comprlse unrestricted funds that have been set aside by the Twslees lor parti¢ular purposes. Th& aim and use of each designated fvnd is sel out in the notes lo the financial statements. Reslricled funds are funds which are to b9 used In accor(lance wlth specific restrlctions Imposed by donors or whi¢h have been raised by Ihe cornpany tor particular purpos¢s. The costs of raislng and odminSs18ring such funds are charged against the specifie fund. The 8Im and use of each rgstr%cted fund is set out In the notes lo the finan¢io1 statoments. Investment income, gains and losses are allocated lo Ihe appropriate fund. CRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGMENT Estimates and judgments are continually evaluated and are based on historical experience and other factors. Includir¢g expectations of future events that are believed to bè reasonable under tha circumslanc¢s. CritiGal accounttng e81Smates and assumptions-. The company makes estimates and assumpbons concernlng the tulure. The resulting accounting e$timales and assumptlons wll, by definition, seldom equal the related actual rasults. There are no Signficant accounllng estimate5 that have a significant risk of causing a material adjusffient to the carrwng amounts of assets and liabilities for future years. Page 18 CAMPHILL DEVON COMMUNrrY LIMtTED IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 INCOIIIE FROM DONATIONS AND LEGACIES Unr•strlcted Restrlcled funds funds 2024 2024 Total funds 2024 Total fvnds 2023 Donations Other income 23,270 760 1.500 24.770 760 20.419 89 24,030 1,500 25.530 20.508 INCOME FROM CHARITABLE ACTIVITIES Unreslrlcted furtds 2024 Total funds 2024 Total funds 2023 Fees received 2.799,880 12.017 2.799.880 12,017 2.537,536 12,244 Workshop sales TOTAL 2024 2.811,897 2,811,897 2,549.780 INVESTMENT INCOME Unrestricted funds 2024 Total funds 2024 Total funds 2023 Fami rent Bank interest 4.620 44.447 4,620 44,447 3.672 TOTAL 2024 49.067 49,067 3,672 Page 19 CAMPHILL DEVON COMMUNITY LIMITED IA COPIIPANY UMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 OTHER INCOMING RESOURCES Unrestrlcted Restrlcted funds fund5 2024 2024 Totsl funds 2024 Total funds 2023 ILoss}IProfil on sale of flxed assets Solar energy income Covid-19 Grdnt FLFnding 4,013 17.342 4,013 17,342 198) 16.045 69.574 TOTAL 2024 21,355 21,355 85.521 ANALYSIS OF EXPENDITURE BY ACTIVITIES Actlvltl•s undèrtaken directly 2024 Total fund5 2024 Total fvnds 2023 ChBritabl¢ activllieg 2.535,876 2,53S,878 2,348,379 Page 20 CAMPHILL DEVON COMMUNrrY LIMITED IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 ANALYSIS OF EXPENDITURE BY ACTIVITIES {CONTINUEDI ANALYSIS OF DIRECT COSTS Total fun(Js 2024 Total funds 2023 Activlti8s 2024 Staff costs Depreciation Support 91 residents hAedical exptsn$8s Cultsjral and educational athvlties Cost of farm and workshop 2¢tivlties Staff training SubscriptKJns Premises Mr)lor and travel expenses SLrn(Jry expenses Printing, postage, Iglephone and office expenses Accountancy and audit Professional fees Bank charges Addilional COVID expendiiu Siemen5 leas¢ intertrst Governanc# costs 1,792.645 148.086 161.465 274 1,792.845 148.086 161.465 274 294 6.575 10.665 12.753 262,339 34,111 13,806 46.696 14.330 19.491 5.875 1,721,362 100,699 109.016 374 294 6,575 10,665 12,753 262,339 34,111 13,806 46,696 14,330 19,491 5.875 14,652 7.770 16.238 217.950 28,683 16,721 33.470 10.740 16.105 S,222 47,829 788 610 6,471 6.471 2,535,876 2,53S,876 2.348,379 AUDITORS. REMUNERATION 2024 2023 Fees payable lo the companvs auditor for th8 of the company's annual accounts 11.900 11,450 Pag8 21 CAMPHILL DEVON COMMUNITY LIMETED IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 10. STAFF COSTS 2024 2023 Wagès and Salaries Social security costs Contribution to defined contribution pension schemes 1,613,203 133.913 45,529 1.560.174 125.434 35.754 1,792.645 1,721.362 The average number of persons employed by the company duiing the year wa3 as lollows.. 2024 No. 2023 No. Care and support. farm and maintence and 8dministrative staff 65 63 The average number of persions eMplo￿d by the company during Ihe year by category. ¢xpres5ed as full time equival8nls was as fdlows: 2024 No. 2023 No. Care and support stsff Maintenance staff Administrative staff Fam) staff 42 53 48 The number of employees whose emph)yee benefits lexcludln9 8mployer pension costs) exceeded £60.000 was-. 2024 2023 In the band £70,001- £80.000 11. TRUSTEES. REMUNERATION AND EXPENSES During the yèar. no Trustees received any romuneralion or other benefits12023- £NILI- During the ygar ended 31 January 2024. expenses lotalling £NIL were reimbuised or paid direct5y to TrtAslee12023- £3861. Pagè 22 CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 12. TANGIBLE FIXED ASSETS Freehold property Molor Flxtures and vehlcles rittlngs Total COST OR VALUATION Al 1 February 2023 Additions Disposals 1482,748 238.037 134,324 40.094 19.5001 861,247 231.896 158.3261 3,478.319 510,027 167.8261 AE 31 January 2024 2,720,785 164,918 1.034,817 3.920.520 DEPRECIATION Al 1 February 2023 Charge for the year On disposals 1,084,298 52,902 130.900 11,807 18.8671 754.776 83.377 IS7,9721 1,969,974 148,086 166.839) At 31 January 2024 1,137.200 133.840 780,181 2.051,221 NET BOOK VALUE At 31 January 2024 1,583,585 31,078 254,636 1,869.299 Al 31 January 2023 1.398.450 3.424 106.471 1.508,345 13. STOCKS 2024 2023 Farm Workshop Heating oll 532 4,880 8,447 493 3.863 12,124 13,859 16.480 Page 23 CAMPHILL DEVON COMMUNrrY LIMITED (A COMPANY LIMITED B Y GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE Y&4R ENDED 31 JANUARY 2024 14. DEBTORS 2024 2023 DUE WITHIN ONE YEAR Trade debtors other debtors Prepayments and accrued income 126,948 2.262 12.909 113.729 3,822 5.409 142,119 122.960 15, CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Other taxation and social secuiity Obligations under finance lease arKI hirtr purchase contracts Accruals and deferred income 238,350 31,710 85,080 30,777 212 22,247 29.409 299,469 138.316 Pa98 24 CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 16. STATEMENT OF FUNDS STATEMENT OF FUNDS - CURRENT YEAR Balance at 1 February 2023 Balanc• at Transfers 31 January Snloul 2024 Income Exp*ndlture UNRESTRICTED FUNDS DESIGNATED FUNDS Land and buildings M8inlen#nce programme Vehicle fund 1,398.450 81 3,424 973.9B5 40.000 48.588 30,000 5,000 (52,9021 1811 13,4241 238.037 1,583.585 Hapstead development Merryfield development Fixlules & fittings LegK)nella prevention Periodic eleotri¢al testing 65.ols 123.9561 1,039.000 16.044 148,5881 130,0001 15,0001 2,499.528 1139.99SI 279.096 1638.629 GENERAL FUNDS General funds 989.107 2.906.349 12.362,844} 1279,0961 1.253.516 TOTAL UNRESTRICTED FUNDS 3,488,635 2.906.349 (2,502.8391 3.892.145 RESTRICTED FUNDS Ralph 8rerelon fund Wtsrkshop Resident soc181 a¢liMlies Weavery Covid support funding 921 1.682 213 18 921 1,$00 11,4741 1,708 213 {181 132.9681 59,865 26,897 62.699 1,500 (34.4801 29.739 TOTAL OF FUNDS 3,551,334 2,907,849 12.537.299) 3.921,8B4 P¥ge 25 CAMPHILL DEVON COMMUNITY UMITED IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 16. STATEMENT OF FUNDS (CONTINUED} The land and buildings fvrKI represents the net book value of Ireehold land and bu1￿1n95, which are not avaI18ble for distribution by the Charity. The lixlure and fitt¢ngs fund represents the net book v8lLt8 of fixturo and fiitings. which are not available for distribution by the Charlty- The development of Hapslead sile fund represents th& development of Hapstead including meeting the ¢hanging need5 of reshdents. During the year we spent £324,323 on Capital vnrks associated wlth the development programme. Glven the value of remaining works to be done Ihe Trustees decided lo increase the reserye to £1,039.000. The Merryfleld dev$lopmenl funds Is lo malntsln Meryffjield fami house. The fixbjres & fittings Is to support an upgrade of internal fittings across the sile. The legionella prevention fund is lo complete an upgrade ol our legionella prevent¥)n programme. The periodic electrical testing fund builds up funds over lime lo cover the testing of our electrkal system8 as and when thls is roqutrtrd. The fumi(ure replacement fund is to support a wogramme of fvmiture replacement al Hapslead. The workshop equipment fund repre8enls donat¢ons received l¢)wards the development of the Workshop. The Ralph Brereton fund represants a leg8¢y ie¢stved to be usod for thg bengfft of ie5idents. The residènt so¢ial aclivitigs funij represents Income received towards specifie expBndilur& on activities for the benefit of the residents. The COVID 5UPPOrt funding represented funds given to the Charity from the local authority to be used on supportlng the h¢)me through the COVID pandemic. The rem8ining balance is lo be used for the omplelion of additional accomrnod8tion for isolatK)nlvisilor use. Page 26 CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMrrED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 16. STATEMENT OF FUNDS (CONTINUED) STATEMENT OF FUNDS- PRIOR YEAR Balan￿ at 1 February 2022 Balance al 31 January 2023 Transfers inloul Income Expendilure UNRESTRICTED FUNDS DESIGNATED FUNDS Land and buildin9$ Maintenance programme V&hide fund Hapstead development Merrffield developmonl Fi￿￿r&S & fittings Lé9ionella prevention PerK>di¢ electrical lesting 1,441,476 81 13.884 731.491 30,000 90,747 (48,080) 5.054 1,398,450 81 3,424 973,985 40.OCM) 48.588 30.000 5.000 (10.4601 242.494 10.000 142,159) 30,000 5,000 2.307.679 (100.6991 292.548 2.499.528 GENERAL FUNDS Gèneral funds 893,462 2,588,407 {2.200.214} 1292,5481 989.107 TOTAL UNRESTRICTED FUNDS 3.201,141 2,588.407 12,300,913) 3.488,635 RESTRICTED FUNDS Ralph Brerelon fund Workshop Resident social acllvltles Weavery Covid support fvnding 921 1.234 213 18 38,120 921 (1.0521 1.682 213 16 59.865 69.574 147,8291 40.506 71,074 148,8811 62,899 TOTAL OF FUNDS 3,241.647 2,659,461 12.349.794) 3.551,334 Page 27 CAMPHILL DEVON COMMUNITY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINPACIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 17. SUMMARY OF FUNDS SUMMARY OF FUNDS- CURRENT YEAR Balance at 1 February 2023 Balance at Transfers 31 January inlout 2024 Income Exp8rhditur8 oe5ignaled funds General funds Reslricted funds 2,499,528 989,107 62,699 1139.9951 279.096 2.638,629 2.906,349 12.362,8441 1279.0961 1.253,516 1.500 134,4601 29,739 3,551,334 2,907,849 12,537.2991 3.921,884 SUMMARY OF FUNDS- PRIOR YEAR Balance at 1 February 2022 Balance at 31 January 2023 Transfers Inloul Income Expenditure Oesignated lunds General funds Reslricted funds 2.307,679 893,462 4D.506 1100.6991 292,548 2,588,407 12.200,214) (292.5481 71,074 148,881) 2,499.528 989.107 62,599 3,241,647 2.659.481 12,349,794) 3,551.334 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR Unrestri¢ted Restricted funds funds 2024 2024 Total fvnds 2024 Tangible fixed assets Current assets Creditors due withln one year 1,869,299 2.322,315 {299,4691 1,869.299 2,352.054 1299.4691 29,739 TOTAL 3.892,145 29,739 3,921,884 Page 28 CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY UMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 18. ANALYSIS OF NET ASSETS BETWEEN FUNDS ICONTINUEDI ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR Unreslricled funds 2023 Reslrlcled funds 2023 Total funds 2023 T8ngible fixed assets Current assets Creditors due within one year 1,508,345 2,118,606 1138.3161 1.508.345 2.181.305 1138.3161 62.699 TOTAL 3,488.635 62.699 3,551,334 RECONGILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 19. 2024 2023 Nel incoTrie for the year (a5 per Statement of Financial ActtvSb¢sl 370.550 309.687 ADJUSTMENTS FOR: Depreciation charges Dividends. interests and rents from investments Profit on the sale of ffxed assets Decreasellincreasel in stocks Decre8sel(incTeasel in debtors Increoselldecrea5e) in creditors 148,086 (44A47) 14,0161 2.621 20.144 122,937 100,699 13,6721 1981 {3.7021 144,396) 11,8551 NET CASH PROVIDED BY OPERATING ACTIVITIES 615,87S 356.663 20. ANALYSIS OF CASH AND CASH EQUIVALENTS 2024 2023 Cogh in hand 2,196,176 2,041,865 TOTAL CASH AND CASH EQUIVALENTS 2.196,176 2.041,865 Pa98 29 CAMPHILL DEVON COMMUNITY LIMITED IA COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 21. ANALYSIS OF CHANGES IN NEf DEBT At1 February 2023 Cash flows At31 January 2024 Cash at bank ond in hand Flnanc*1o¥ses 2,041.865 {2121 154211 212 2.196.076 2,041,853 154.423 2,196,076 CAPITAL COMMITMENTS 2024 2023 CONTRACTED FOR BUT NOT PROVIDED IN THESE FINANCIAL STATEMENTS Acquisition of tangible fixed assets 124,135 PENSION COMMITMENTS The company operates a defined contribution pensio>n schem8. The assets of thg scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions paydble by the company lo the 14Jnd and amounled lo £Nil 12023.. £NIII. Contributions totalling £4.08512023'. £2.7691 were payable lo the fund al the balance sheet dale and are included in ¢iedilor3. 24. SHARE CAPITAL. MEMBERS. UABILrrY AND CONTROL The company i8 limited by guarantee. 11 is under the control of ils members, whosè maxiTnum liability in the event of the company being wound up Is £1. 25. RELATED PARTY TRANSACTIONS Durin9 the y&ar, £Nil12023: £202.2051 was dep05iled with A5dermore Bank plc. A trustee is a director of tho bank. Dufing the year, the key management personnel received a total remuneration of £132.998 12023.. £133.4051. Page 30