'rti. 'ai.iJ Cos 46ULL REGISTERED COMPANY NUMBER: 01004194 {En£land and Wales) REGISTERED CHARITY NUM8ER: 307027 Report of the Trustees and Audited Financial Statements for the Year Ended 31 July 2020 The Mount Camphlll Community Ltd (A Company Limited by Guarantee) Swindells LLP Chartered Accountants and Statutory Auditor Atlantic House 8 Bell Lane Bellbrook Industrial Estate Uckfield East Sussex TN22 IQL IIIIIIIIMII 4A49T8tr14Z* 301D712021 COMPANIES HOUSE A10
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The Mount Camphill Cornmunity Ltd Contents of the Financial Ststernents for the Year Ended 31 Juty 2020 Page Report of the Trustees Report of the Independent Auditors 8 to 10 Statement of Financial Activities li Balance Sheet 12 Cash Flow Statement 13 Notes to the Cash How Ststement 14 Notes to the Financial Ststements 15 to 25 Detailed Staternent of Financial Artivities 26 to 28
The Mount Camphill Community Ltd Report of the Trustees for the Year Ended 31 July 2020 The trustees who are also directors of the charity for the purposes of the Companies Art 2006, present their report with the financial Statements of the charity for the year ended 31 July 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities= Statement of Recomrnended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 2019). OBJECT AND AIMS The object of the charity. as set out in the memorandum, continues to be to provide care to and advance the education and training of people with a disability. in accordance with the principles of Dr Rudolf Steiner. We aim to meet the needs of young people with a learning disability over the age of 16 in their transition to adulthood and a150 to create a co-housing community where adults with a learning disability can live and develop within a supportive, coring and stimulating environment. We provide an environment where each person can develop his or her rA)tential and build their self confidence thereby preparing them for the opportunities and experience of later life. Objectives In setting our objectives and planning our adivities, the Trustees have gNen careful consideration to the Charity Commission's public benefit guidance as Stated in section 4 of the Charities Act 2011. Our key objectives for the year included: To ensure that the community remains a place where people. gardleSS of any disability or religious or racial background. tan Continue to live and work with others in healthy social relationships based on mutual care and respect. To maintain our student and resident numbers in the college and co housing community To offer a wide range of on site activities To offer regular off site activities To continue to strengthen the life skills and work experience opportunities To raise funds to enable the expansion of supported co housing by the redevelopment of Pond House in the entre of Wadhur5t village To increase awareness of the opportunitie5 that we offer. REVIEW OF ACTIVITIES AND ACHIEVEMENTS Student and resident numbers Our student number5 in the college were stable at 23 12019.. 231 and in the cohousing community, our resident numbers stayed at 1012019.. 101. This 8ave us good group sizes for our activities and 5UPPOrted stability in our planning for the future. Page I
The Mount Camphill Cornmunity Ltd Report of the Trustees for the Year Ended 31 Jufy 2020 REVIEW OF ACTIVITIES AND ACHIEVEMENTS l¢ontinued) Curriculum activities Our Craft Curriculum is central to our therapeutic learning. The craft activit*s in pottery and weavery are valued both for their therapeutic p¢Xential and also for developing transferable skilts. The development of skills within a craft support a sensory based experience. whilst building each individuafs confidence and self esteem by making beautrful valued items that are used within the community or sold as social enterprise. Equally important and much sought after, are the practical skills courses in gardening, baking and cookery. The students benefit from an inclusive and person-centred curriculum which balantes anil supports cognttive learning and skills development wich experiential learning and work experience. 5UPPOrted by art lessons and a range of individual therapies Ispeech and language. art counsellin& massage. therapeutic eurythmyl. Every student at the Mount attends da1 movement artNities to develop spatial awareness. body control and coordination. The Mount is unique at provitling specialist movement education in Eumhmy and Bothmer Gymnastics. These continue to improve the young peoples. balance, uprightness, sense of rhythm and coordination and in turn lead to greater confidence, self-esteem and an improved ability to work effective in other èttivities. We continued to offer a wide range of on site activtties to enable each indwidual to progress within a caring and supportive community. These activities included cookery, bakin& art, gardenin& weavin& pottery, candle makin& music and drama. There are also specialist therapies available such as eurythmy. bothmer gymnastics, art therapy, Speech and language therapy and massage. Unfortunately many of our events. family days and off site actwities such a5 swimrnin& horse riding and sailing were curtailed by the Covid-19 pandemic from 18 March 2020 onwards. Where p055ible we adapted to offer our education curriculum remote to those at home. Following government guidance we remained open during the lockdown. Five students remained on site throughout with the majority returning in June. Many of our students eng8ged with remote learning which was facilitated by the positive approach demonstrated by our tutors to adapt and provide learning in new ways. cohousin8 community has remained active throughout and engaged with the opportuntties that our location offers us. Academic achievements The charity offers individual support in English and Maths. a5 specified in each studenvs EHC IEducation, He?h and Ca) plans. Each year we are very proud and delighte(i by our students, achievemenis. This year our students have succeeded in gaining the following: Eight students athieved a Maths functional skilb qualrfication Eight students achieved an English functional skills qualification Twelve students achieved an award or certificate in Skills for Independence and Work Ten students achieved an award in Work Skills Six students achieved an award in Home Cooking skills Two students achieved an award in Employability and Progression Cornmunitv The Mount 15 a member of the Association of Camphill Communities which wa5 founded in 1940. The community is made up of dedicated and enthusiastic (WorkerS, many of whom INe on site. non resident employed co-workers and a group of voung short term volunteers who come from countries throughout the world. to live and work at The Mount. This skilled and energetic group of people enables the Mount to offer a dtverse. posrtive and caring environment in which to live and develop. Page 2
The Mount Camphill Community Ltd Report of the Trustees for the Year Ended 31 July 2020 Trainlng The community engages in a broad range of training for its trustees, co-workers and volunteers, exceeding mandatory guidelines and promoting continuous leaming and development as appropriate to each individual. Volunteers receive formal training using our in house training course which is accredited by LASER Learning Awards and incorporates the Care Certificate. OBJECTIVES AND AcfiviTIES Investrnents in infrastructure The steady programme of investment and renewal has continued. Notably this year, we have replaced our server and 2 boilers, obtained a third vehicle for cohousing. put up acoustic panelling in our largest dining room and purchased new equipment for working in the garden and estate. including a new Sti8a lawnmower. rotavator and hedge trimmer. We have also completed the refurbishment of St John'5 House co-worker a¢¢ommodation. Fundraislng The charity has continued to fundraise in order to raise the necessary fvnds to redevelop Pond House in Wadhur5t village. This will become the third cohousing house where people with learning disabilities who are beyond college age can live in a sUPPOrtive environment. We have registered with the Fundraising Regulator and are committed to the Fundraising Promise and adherence to the Code of Fundraising Practice. We have published our vulnerable persons policy on our website. We have employed a professional fundraising fim in order to support us in this initiative and have checked that they are also registered with the Fundraising Regulator and are similarly committed to the Fvndraising Promise and the Code of Fundraising Practice. The fundraising to date had been carried out by approaches to grant giving bodies. appeals to trusted supporter5. individual initiatives such as sky diving and. prior to the Covid-19 sltuation, events held by the charity such as the summer festival. As at the year end. we held £243,992 12019- 153.304140% 12019- 25%) of the appeal total in restricted funds. Further funds have been pledged but not yet received, which brings our appeal total to £448.764173%1- We thank everyone who is contributing to this effort and look forward to Seeing the positive benefit that will result in the near future. FUTURE PLANS We have four main expenditure plans for the next year. Firstly we plan to do the main building works at Pond House irb 2021 with the aim of openinB the doors to new residents in the latter part of the year. Other than this, we are also planning to redevelop an area behind the main college building to provide a much improved courtyard area. We are also installing a new sewage plant and investing in our information tethnology prvvision by way of new laptOP5 and their use in tutor led actNities. The colle8e continues to be aware of the background of untertain high needs funding and works to ensure that a high quality of provision is offered and that it continues to be accessible and provide maximum benefit. Page 3
The Mount Camphill Community Ltd Report of the Trustees for the Year Ended 31 July 2020 FINANCIAL REVIEW Financlal position The charity achieved a p05itwe movement in net unrestricted funds. £330.122. compared with last year 12019.. £210,116) which reflects an increase in average student income and greater income from cohousing. The total unrestricted fund balance at year end wa5 £3.055,58112019= £2.725.459). This stability has allowed planned investment to move ahead, as outlined above in our future plans and the trustees plan to continue to invest in the infrastructure and the quality of our offering for students and residents as lunds allow. Operating reserve The reserves policy states that the charity should have a reserve of between 3 and 4 months of operational expenditure. For the year ended 31 July 2020. this equated to between £477,676 and £636,901. Reserves are calculated as the charitWs UnstrICted funds of £3.055.581 minus those funds unavailable for expenditure such as fixed assets £2,882,806, giving a reserve level at the year end of £172.77512019= def1t £191.7421. "The trustees recognise that the level of free reserves fluctuates during periods of investment in the estate. The charity invested in the purchase of Pond House in 2017 and has a continuin8 pro8ramme of refurbishment and investment at The Mount to maintain the facilities for our students and residents which this year amounted to £178,55812019'. £60,106). The trustees will continue to build the level of reserves with the purpose of ensuring that they are sufficient to protect the charity in the event of reduced income or change5 in circumstances. Building maintenance and sustainability fund The trustees are concerned to ensure that the charity has sufficient funds set aside for any future work required to maintain the buildings and grounds of the community. They have therefore agreed to set aside funds for any future works. Restricted reseNes Some funds are provided to the charity to use for specific purposes and where this is the case. they are held on trust in a restricted reserve and drawn on a5 the funds are required for the purposes for which they are given. Investment policy and objectives Under the memorandum and articles of association. the charity has the power to invest monies not immediately required for its purpose in or upon such investments. securities and property as the trustees judge to be fit. In this financial year, funds have been placed on short term deposit only. STRucfuRE. GOVERNANCE AND MANAGEMENT GoverninE document The charity is controlled by it5 governing document. a deed of trust, and constitutes a limited company. limited by guarantee. as defined by the Companies Act 2(Kl6. Page 4
The Mount Camphill Community Ltd Report of the Trustees for the Year Ended 31 July 2020 The Mount Camphill Community Limited is a company limited by guarantee, incorporated on 9 March 1971 and registered as a charity on 13 March 1972. The company was established under a Memorandum of Association which establishes the objective5 and power5 of the charitable company and is governed under its Articles of Association. The company is registered as a charitable company with the Charities Commission. In the event of the cornpany being wound up, members a required to contribute an amount not exceeding £5. Recruitment and appointment of new trustees The members of the Council of Management Ithe Council). who are the directors of the company and trustees of the charity, are drawn from people working in the anthroposophical organisations with similar aims to The Mount. members of the wider community and parents/guardians of existing and former student5. Trustees are elected lor ratified if temporarily co opted) by the members of the Association of The Mount Camphill Community Limited. Induction and training of new trustees An induction pack is shared with each new trustee on appointment and training is offered as appropriate to them. Organisational strurture In the year to 31 July 2020, the organisation was managed through the structure of leadership. management and cohousing groups with oversighi in all other areas. the core areas were managed by Sara Garland (Education), Sabine Hope Icare and Support) and Pamela Lowton (Financel. The groups worked collectively with the trustees to lead the strategic direction of The Mount Camphill Community. The Council met four times during the year under review. with The Association of The Mount Camphill Community membership meetings being held either on the evening before or the evening after the trustee meeting5. Here, members and trustees explore issues of common interest or strategic development and maintain and foster the ethos of The Mount. In addition to their overarching shared responsibility, individual trustees take on key area5 of responsibility and maintain continuing communication with the relevant groups between trustee meetings. They also attend specific meetings, as necessary. to maintain awareness and represent trustees interests in appropriate forums. Remuneratlon polkv The Salary Review Group undertakes an annual review of all employee salaries and makes recommendations to the trustees for approval of amendment5 to pay levels having regard to RPI over the previous year and the current financial status of The Mount. All employees are paid more than the National Living Wage and the National Minimum Wage. All employees are eligible for the group pension scheme with up to 5% of salary matched by employer contributions. Risk management The trustees have implemented and kept under review, an assessment of major risks to which the charity is exposed. In particular they monitor those risks related to the operations and finances of the charity and at the time of this report, they are satisfied that there are systems in place to mitigate exF)osure to the major risks assessed. At least once every year, the main working groups and faculties within the community undertake a VIeW of the risks facing their daily operations and update the register of major risks. together with the step5 in place to mitigate the risks and consideration of improvements to controls. Page 5
The Mount Camphlll Community Ltd Report of the Trustees for the Year Ended 31 July 2020 REFERENCE AND ADMINISTrATIVE DEfAIiS Registered Company number 01004194 IEn8land and Wales} Reglstered Charity number 307027 Re81Stered office The Mount Faircrouch Lane Wadhurst East Sussex TN5 6PT Trustees Mr P S Bateson Mr S F Briavlt Mrsvclbbott Ms J King (deceased 2919n0201 MrPMMMazas Mrs G A C Steadman lappointed 9112120191 Ms B Van Rooij (resigned 22104120211 Mr A Vestrini (appointed 22104120211 Audltors Swindells LLP Atlantic House 8 8ell Lane Uckfield East Sussex TN22 IQL Solicitors Thomson, Snell and Passmore 3 Lonsdale Gardens Tunbridge Wells TNI INX Bankers National Westminster Bank plc 89 Mount Pleasant Road Tunbrid8e Wells TNI IQI Triodos Bank NV Brunel House 11 The Promenade Bristol BS8 3NN Page 6
.The Mount Camphlll Convnunlty Ltd Report of the Trustees forthe Year Ended 31 July 2020 STATEMENT OF TRUSTEE9 RESPONSIBIUTIES The trustees (who are also the dIreOrS of The Mount Camphill Cornmunity Ltd for the purposes of company lawl are responsible for prepa'ring the Report of the Trustees and the financial statements in 3¢cofdance with applicable lèw nd United Kingdom Accounting Standards IUnr(ed Kingdom Generally Accepted Accounting Practice) inclvding Financial Reporting Standard 102 Yhe Financial Rep)rting Standard applicable in the UK and Republic of Ireland" Comptny law requlres the trustees to prepare fi'nancial statements for each financial year which give a twe and fair view of the state of affairs of the charitable company and.of the_incomine resources and.application_of resourtes, including the income and expenditure. of the charitable company fr>r that period. In pparing those financial statements. the trustee5 are required to select surrable ac¢ountrng policies and then apply them consirtentlr. observe the methods and princieS in the Charity SORP: make judgements arid estimate5 that are reasonable and prudent- Prepa the finan¢bal statements on the going Concem basis unless it 15 inappropriate to presume that the chariiable company will continue in business. The tiustees are responsible for keeping proper accounting records which disclose wÉth reasonable accuracy at any time the financial position of the ¢harf(able company and to enable them to Ènsure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence'for taking reasonable steps for the preVentn and detection of fraud and other irregularities. STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS So far as the trustees are aware. Ihere Trs no relevant information las defined by Sertion 418 of the Compariies Act 20061 of which the charitable company's audr(ors are unaware. and each trustee has taken all the step5 that thev ought to have taken as a trustee in order to make them aware of any audit information and to establish that the charitable company's audiiors are aware of that information. Approved by older of the board of trustee5 on .M.:l.=...-.................... and signed on ris behalf by.. MrA Vest Ini- Trvstee Page 7
Report of the Independent Auditors to the Membets of The Mount Camphill Community Ltd Opinlon We have audited the financial statements of The Mount Camphill Community Ltd Ithe 'charitable company'l for the year ended 31 July 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements. including a summary of significant accounting policies. The financial reportin8 framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prarticel. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland.. In our opinion the financial statements: give a true and fair view of the state of the charitable company's affairs as at 31 July 2020 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 Accountin8 Practice. including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,; and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditin8 IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opiniorb. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAS {UKI require us to report to you where- the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate,. or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other inforrnatlon The trustees are re5pon5ible for the other information. The other infomation comprises the information included in the Annual Report, other than the financial statement5 and our ReF>Qrt of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in otjr report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be rnaterially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this re8ard. Page 8
Report of the Independent Auditors to the Members of The Mount Camphill Cornmunity Ltd Oplnlons on other matters prescribed by the Companies Act 21X)6 In our opinion. based on the work undertaken in the course of the audit.. the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exteption In the light of the 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 Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 21))6 requires u5 to report to you if, in our opinion: adequate accounting records have not been kept or returns adequate for our oudit have not been received from branches not visited by us: or the financial statements a not.in agreement with the accounting records and returns- or certain disclosures of trustees, remuneratbon specified by law are not made: or we have not received all the infomation and explanations we require for our audit,. or the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of twstees As explained more fully in the Statement of Tru5tee5' Responsibilities. 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 nd 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 mi55tatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company'5 ability to continue as a going concern, disclosin& as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternatNe but to do so. Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements a5 a whole are free from material mi55tatement, whether due to fraud or erfor. and to issue a Report of the Independent Auditor5 that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit onducted in accordance with ISAS IUKI 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. A further description of our responsibilities for the audit of the financ1 statement5 15 located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description form5 part of our Report of the Independent Auditors. Page 9
Report of the Independent Auditors to the Members of The Mount Camphill Communlty Ltd Use of our report This report is made solely to the charitable tompany'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 ¢ompany and the charitable company's members as a body. for our audit work. for this report. or for the opinions we have formed. Melanie Richardson BAIHonsl FCA (Senior Statutory Auditor) for and on behalf of Swindells LLP Chartered Accountants and Statutory Auditor Atlantic House 8 Bell Lane Bellbrook Industrial Estate Uckfield East Sussex TN22 IQL oate:.&&..J.y .20........ Page 10
The Mount Camphill Community Ltd Statement of Financial Artivities for the Year Ended 31 July 2020 2020 Total funds 2019 Total funds Unrestrirted funds Restricted funds Note5 INCOME AND ENDOWMENTS FROM Donations and legacies 9.620 107.864 117.484 157,015 Charitable activities College income Cohousing income Other trading activities Investment income 1,586,833 613.316 27,917 3.141 1,586.833 613,316 27,917 3,141 1,466,919 505,426 9,379 1,224 Total 2,240.827 107.864 2,348,691 2,139.963 EXPENDITURE ON Raising funds 26,280 26,280 27.370 Charitable activitie5 Staff costs Allocated support Costs Governance costs 1,075.455 791.566 17.404 1.075,455 791,566 17,404 982,173 749.981 15,656 Total 1.910.705 1.910.705 1,775.180 INCOME 330.122 107,864 437.986 364.783 RECONCILIATION OF FUNDS Total fund$ brought forward 2.725.459 191.815 2.917.274 2,552,491 TOTAL FUNDS CARRIED FORWARD 3,055.581 299.679 3,355,260 2,917,274 The notes form part of these financial statements Page 11
The Mount Camphlll Communlty Ltd Balance Sheet 31 Juty 2020 2020 Totsl funds 2019 Total fvnds Unrestricted Restricted funds fvnds FIXED AS5Ers Tanglble assets 12 2W,8C 2.882,806 2.917.203 CURRENT ASSErs Debtors Cash at bank and in hand 13 59.781 1.606.520 59.781 1,906,199 152.455 1.374,463 299.679 1.666.301 299.679 1,965,980 1.526,918 CREDITORS Amounts fallin8 due within one year 14 1141.6781 1141.6781 1117.3651 NETCURREMf ASSErs 1.524.623 299,679 1.824.302 1,409.553 TOTAL ASSEfs LESS CURRENT LIABILMES 4.407,429 299.679 4.707.108 4.326.756 CREDITORS Amounts falling due after more than one year 15 {1.351WI 11.351.848) 11.409,4821 3,055,581 299,679 3,355.260 2.917.274 FUNDS Unrestritted fvnds Restrirted funds 17 3.055,581 299,679 2.725.459 191,815 TOTAL FUNDS 3,355.260 2.917.274 These flriancÉal statements have been prepared in accordance with the provisions appli¢able to charitsble companies subjert to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ..17....1. ...................... and were signed on its behalf by: trinl . Trustse The notes forni part of these financial statements Page 12
The Mount Camphill Community Ltd Cash Flow Statement for the Year Ended 31 July 2020 2020 2019 Note5 Cash flows from operating activities Cash generated from operation5 Interest paid 690.117 127.5241 702.257 128,6131 Net cash provided by operating activities 662,S93 673.644 Cash flows from investing artivities Purchase of tangible fixed assets Sale of tangible fixed assets Interest received 1111.4961 1.910 3,141 143,8951 60 1,224 Net cash used in investing activilie5 1106,445) 142,6111 Cash flows from Ilnancing actiytties Loan repayments in year {24.4121 18,6821 Change in cash and cash equivalents in the reportlng perlod 531.736 622,351 Cash and cash equivalents at the beginning of the reportlng period 1.374.463 752.112 Cash and cash equivalents at the end of the reporting period 1,906.199 1,374.463 The notes forrn part of these financial statements Page 13
The Mount Camphlll Communlty Ltd 14otes to the Cash Mow Statement for the Year Ended 31 July 2020 RECONCIUATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2020 2019 Net income for the reporting perlod {as per the SL*ement of Financial Activities) Adjustments for: Depreciation charges Loss on disposal of fixed assets Interest received Interest paid Decrease in debtors IDecrease}/increa5e in creditors 437.986 364.783 143.527 455 {3,1411 27,524 92.675 18,gJ91 139,541 1,891 11.2241 28,613 163.465 5,188 Net cash pro¥lded by operntions 690,117 702,257 ANALY515 OF CHANGES IN (DEBT)/FUNDS At 1.8.19 Cash flow At 31.7.20 Net cash Cash at bank and in hand 1.374.463 531.736 1.906.199 1.374,463 531.736 1.906.199 Debt Debts falling due within l year Debts falling due after l year 129.982) 11.409,482) {33,2221 57,634 163,2041 11,351.8481 11,439,464) 24.412 11,415,052) Total 165,001) 556.148 491.147 The notes fonn part of these financial statements Page 14
The Mount Camphill Community Ltd Notes to the Financial Statements for the Year Ended 31 July 2020 ACCOUNTING POUCIES Basis of preparing the financial statements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charitie5 SORP {FRS 1021 'Accounting and Reporting by Charities.. Stotement 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 1021 leffective l January 20191,, Financial Reporting Standard 102 'The Financial ReportinB Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical tost convention. Intome All income 15 recogni5ed in the Statement of Financial Actrvities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. College and co housing income comprises amounts receivable in respect of students and residents and is recognised on an accruals basis. Government grants Grants receivable are recognised when the thèritable company has an entitlement to the funds and anv conditions which are linked to the grant5 have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released. Donated goods Goods donated for use by the community in carrying out its attivities are recoEnised as tangible fixed assets, with the corresponding gain recognised as income from donations within the Statement of Financial Activities. Donated goods hel(l as tangible fixed assets are subject to depreciation and amortisation over their useful economic life and reviewed for indications of impaimient at the balance sheet date. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committin8 the charity to that expenditure, 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 accounted for on an accruals basis and ha5 been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to artivities on a basi5 consistent with the use of resources. Tanglble fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful Freehold property Plant and machinery Motor vehicles Computerequipment 2%on cost 25% on reducing balènce 25% on reducing balance 33% on cost Page 15 ¢ontinued..
The Mount Camphill Community Ltd Note5 to the Financial Staternents- continued for the Year Ended 31 July 2020 ACCOUNTING pouaES (continued) Talon The charity 15 exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in atcordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restrirted purpose5 Wlthin the objects of the charrty. Restrictions arise when specified by the donor or when funds are raised for particular restricted purF)oses. Further explanation of the nature and purpose of each fund is included in the notes to the financial Statements. Penslon costs and other post-retirement benefits The charitable company makes contributions to employees. personal pension scheme5. Contributions payable are charged to the Statement of Financial Activities in the period to which they relate. Preparation of the attounts on a going concern basis The accounts were approved during a period where there is still much uncertainty as a result of the emergence and international spread of a coronavirus (COVID-191. The ultimate impact of COVID-19 on the UK, the world economy and the charity is yet to be seen. However. through appropriate consideration of the risks as part of its normal risk management processes and mitigating artions both already taken and available to be taken, the trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The review of our financial position. reserves levels and future plans gives the trustees confidence that the charity remain5 a going concern for the foreseeable future. DONATIONS ANO LEGACIES Donations and legacies during the year were received as follows= Unrestricted Restritted funds funds 2020 2020 Total 2020 Total 2019 Regular 8ivin8 and charitable donations Government grants 9.620 90.688 17,176 100.308 136.127 17.176 20.888 9.620 107.864 117,484 157.015 Page 16 continued...
The Mount Carnphill Cornrnunity Ltd Notes to the Financial Statements- continued for the Year Ended 31 July 2020 OTHER TRADING ACTMTIES 2020 2019 Events income Tuck shop income Social enterprise sales Rental income 9,355 979 3,077 1,495 4,147 660 14,719 27,917 9,379 INVESTMENT INCOME 2020 2019 Deposlt account interest 3,141 1,224 INCOME FROM CHARITABLE ACTIVITIE5 2020 2019 College income CohousinE income 1.586,833 613.316 1,466,919 505,426 2,200,149 1,972,345 EXPENDITURE ON CHARITABLE AcllviTIES Support cost5 (see note 71 Direct Costs Totals Staff costs Allocated support costs Governance costs 1.075.455 1.075.455 791,566 17,404 791,566 17.404 1.075,455 808,970 1,884,425 Page 17 continued...
The Mount Carnphill Comrnunity Ltd Notes to the Financial Statements- continued for the Year Ended 31 July 2020 ANALYS55 OF SUPPORT COSTS General support tosts Governance costs Finance Totals Allocated support costs Governance costs 790,178 1.388 791.566 17,404 17.404 790,178 1.388 17,404 808,970 2020 Allocated support costs 2019 Total artivities Bank,charges 1,388 1,266 Governance costs 2020 Governance costs 2019 Total activities Trustees, expense5 Auditors, remuneration Accountancy Legal fees 1,235 10,910 538 8.760 500 5.858 5.259 17,404 15,656 NET INCOMEI(EXPENOITURE) Net incomellexpenditurel 15 Stated after chargingJlcreditingl= 2020 2019 Audit of the accounts Depreciation - owned assets Deficit on disposal of fixed assets 10,910 143,528 455 8,760 139.540 1.891 Page 18 continued...
The Mount Camphill Community Ltd Notes to the finantial Statements- tontlnued for the Year Ended 31 July 2020 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 July 2020 nor for the year ended 31 July 2019. Tru5tee5' expenses 2020 2019 Trustees, expenses 1,235 538 io. STAFF COSTS 2020 2019 Wages and salaries Social security costs Other pension costs 947,284 49.160 79.011 846,104 41,072 94,997 1,075,455 982,173 The average monthly numberof employees duringthe year was as follows: 2020 2019 36 34 No employee5 received emoluments in excess of £60.CMX). Page 19 continued...
The Mount Camphill Community Ltd Notes to the Financial Statements- continued for the Year Ended 31 July 2020 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unre5tritted funds 2019 Restricted funds 2019 Total funds 2019 INCOME AND ENDOWMENTS FROM Donations and legacies 2.783 154,232 157,015 Charitable activities College income Cohousin8 income Other trading activities Investment income 1,466.919 505,426 9,379 1.224 1,466,919 505,426 9,379 1,224 Totsl 1,985.731 154,232 2,139,963 EXPENDITURE ON Raisin8 funds 27.370 27,370 Charitable activities Staff costs Allocated 5UPPOrt costs Governance c05t5 982,173 749.981 15.656 982,173 749,981 15,656 Totsl 1,775.180 1,775,180 NET INCOME 210.551 154,232 364,783 Transfers between funds 14351 435 Net movement in funds 210,116 154.667 364,783 RECONCIUATION OF FUNDS Total funds brought forward 2.515.343 37.148 2,552.491 TOTAL FUNDS CARRIED FORWARD 2.725,459 191,815 2,917,274 Page 20 continued...
The Mount Camphill Community Ltd Notes to the Flnanclal Statements- tontinued for the Year Ended 31 July 2020 12. TANGIBLE FIXED ASSErs Freehold property Plant and machinery Motor vehicles Computer equipment Totals COST At l August 2019 Additions Disposals 4.575,131 36.367 392.404 44,606 117.ICKI} 103.525 20.169 18.6621 25,309 10,354 17871 5.096,369 111,496 126,5491 At 31 July 2020 4.611.498 419.910 115.032 34.876 5.181.316 DEPRECIATION At l August 2019 Charge for year Eliminated on disposal 1.739.381 114.275 345.049 15,496 {15,689) 76.094 8,019 17.7081 18,642 5,738 17871 2.179,166 143,528 124,1841 At 31 July 2020 1.853.656 344.856 76,405 23,593 2.298,510 BOOK VALUE At 31 July 2020 2,757.842 75.054 38,627 11.283 2,882,806 At 31 July 2019 2,835.750 47.355 27,431 6,667 2.917,203 13. DEBTORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 2020 2019 Trade debtors Other debtor5 Prepayments and accrued income 13,643 311 45,827 88.141 66 64,248 59.781 152,455 Page 21 continued...
The Mount Camphlll Community Ltd Notes to the Flnanclal Statements- continued for the Year Ended 31 July 2020 14. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2020 2019 Bank loans and overdrafts {see note 16) Other loans (see note 16 Trade creditors Social Security and other taxes Other creditors Accruals and deferred intome 25,319 37,885 14,342 12,924 11,231 39.977 23.578 6,404 45.036 11,538 8,107 22.702 141.678 117,365 15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2020 2019 Bank loans (see note 161 Other loans (see note 161 324,501 1,027,347 350,468 1,059,014 1,351,848 1,409,482 16. LOANS An analysis of the maturity of loans is Ewen below: 2020 2019 Amounts falling due within one year on demand= Bank loans Other loans 25.319 37.885 23.578 63,204 29,982 Amounts falling between one and two years: Bank loans- 1-2 years Other loans- 1-2 years 25,658 76.911 23,493 77.549 102,569 101,042 Amounts falling due between two and fNe years: Bank loans- 2-5 years Other loans- 2-5 years 133.619 257,474 99,437 326,132 391.093 425,569 Page 22 tontinued...
The Mount Camphill Community Ltd Notes to the Financial Statements- continued for the Year Ended 31 July 2020 16. LOANS- continued 2020 2019 Amounts falling due in more than fve years: Repayable by instalments= Bank loans over 5 years Other loans over S years 165,224 692,962 227,538 655,333 858,186 882,871 17. MOVEMENT IN FUNDS Net movement in funds At 31.7.20 At 1.8.19 Unrestrirted funds General fund Building maintenance and 5U5tainability fund 2,625,459 330,122 2,955,581 loo,0 Ic(J,wo 2,725,459 330.122 3,055.581 Restrirted funds ESFA 16-19 Bursaryfund ESFA Devolved fomula capital ESFA Schools tondition allocation Pond Houselcohousing development fund 19.554 9,346 9,611 153,304 2.789 4.776 9,611 90,688 22,343 14,122 19,222 243,992 191,815 107,864 299.679 TOTAL FUNDS 2,917.274 437,986 3,355,260 Page 23 continued...
The Mount Camphill Community Ltd Notes to the Financial Statements- contlnued for the Year Ended 31 July 2020 17. MOVEMENT IN FUNDS- continued Nel movernent in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrirted funds General fund 2,240,827 11,910,705) 330,122 Restrirted funds ESFA 16-19 Bursaryfund ESFA Devolved formula capital ESFA Schoo15 condition allocation Pond House/cohou5ing developrnent fund 2,789 4.776 9.611 90,688 2,789 4,776 9,611 90.688 107,864 107,864 TOTAL FUNDS 2.348,691 11.910,7051 437,986 ,T,he, ESFA 16..to.19.Bursary Fund prowdes.financial sUPPOrt to help students overcome the specific financial "barriers"to"participation they face, so they can remain in edutation. Bursaries are based on financial hardship and factors limiting access to education. The ESFA Devolved Formula Capital 15 direct funding for individual institutions to maintain their buildin8s and fund small scale capital project5. The ESFA School Condition Allocation should be prioriti5ed in keepin8 school buildings safe and in good working order by tackling poor building condition. building compliance, energy efficiency, and health and safety issues. The Pond House/Cohousing Development Fund is for the development of Pond House in Wadhurst in order to provide a wonderful new home for supported residents in the village. Page 24 continued...
The Mount Camphill Community Ltd Notes to the Financial Statements- continued for the Year Ended 31 July 2020 Cornparatives for movement in funds Net movement in funds Transfers between funds At 31.7.19 At 1.8.18 Unrestricted funds General fund Building maintenance and sustainability fund 2.515.343 210.551 IICQ.4351 2.625.459 Iw,c 11)o,000 2,515,343 210.551 (435) 2.725,459 Restrirted funds LSC Capital EFA 16-19 Bursary fund EFA Devolved formula capital EFA Schools condition allocation Pond House/cohousing development fund 58 17.143 {581 1,931 9.346 9,611 133,344 19.554 9,346 9,611 153,304 51 19,960 151) 37,148 154.232 435 191,815 TOTAL FUNDS 2.552,491 364.783 2,917,274 Comparative net movement in funds. included in the above are a5 follows= Incoming resources Resources expended Movement in funds Unrestricted funds General fund 1.985,731 11,775.1801 210,551 Restritted funds ESFA 16-19 Bursaryfund ESFA Devolved formula capital ESFA Schools condition allocation Pond House/cohousing development fund 1.931 9.346 9,611 133,344 1,931 9,346 9,611 133,344 154,232 154,232 TOTAL FUNDS 2.139,963 11.775,1801 364.783 18. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 July 2020. PaEe 25