REGISTERED COMPANY NUMBER: 01(104194 IEngland and Wales) REGISTERED CHARITY NUMBER: 307027 Repart of the Tru5tee5 and Audited Financial Statements for the Year Ended 31 July 2023 The Mount Camphill 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 11 *ADOXE32N• 13104r2024 COMPANIES HOUSE A11
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The Mount Camphill Community Ltd Contents of the Financial Statements for the Year Ended 31 July 2023 Page Report ofthe Trustees I to 10 Report of the Independent Authtors 11 to 14 Statement of Finantial Actlvitles 15 Balance Sheet 16 Cash Flow Statement 17 Notes to the Cash Flow Statement 18 Notes to the Flnancial Statements 19 to 33 Detailed Statement of Financial Activitses 34 to 36
The Moufit Camphill Communlty Ltd Report ofthe Trnstee5 for the Year Ended 31 July 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepLtblic of Ireland IFRS 1021 (effective l January 20191. oBJEIVEs AND AcnviTIES Objectives and aims The objective of the charity, a5 Set OLtt in the memorandum, continues to be to provide care to and advance the education and training of people with a disability. in a¢¢ordance with the principles of Dr Rudolf Steirter. The Charity aims to meet the needs of young people with a learning disability over the age of 16 in their tran51tion to adulthood and to create a co-housing community where adults with a learning disability can live and develop within supportive, caring and stimulating environment. The Charity provide5 an environment where each person Can develop his or her potential and build their 5elf-confidence, thereby preparing them for the opportunities and experience of13ter life. Objectives In setting the objettives and planning the activitie5, the tru5tee5 have considered the Charity Commission's public benefit guidance as stated in section 4 of the Charities Act 2011. The key objertives for the year included: To ensure that the community remains a place where people, regardless of any disability or religious or racial background, can continue to live and work with others in healthy social relationships based on mutual care and respect. To maintain the student and resident numbers in the college and increase the cohousing community with the opening of Pond House. To offer 3 wide range of on-site activities. To offer regular off-site activities. To continue to focLts on delivering a successful college provisiort for the students. To increase awareness of the opportunities that are on offer. Pa8e I
The Mount Camphlll Community Ltd Report of the Trustees for the Year Ended 31 July 2023 08JECTIVES AND AcnviTIES Revlew of activities and achievements Student and Cohousln8 resident numbers The student numbers at the year-end in the college were slightly down at 2112022.. 221, within this the number of day Students remained constant at 6 12022..61 and the number of resFdential students reduced to 1512022.. 16). In the cohousing community the resident numbers increased to 1612022.. 101. College Curriculum The MoLtnt continues to deliver a threefold curriculum- Skills for Independence, Craft and Movement. Our Skills for Independence Curriculum gives student5 Opportunity to learn, embed and transfer life skills, work skills Jnd functional ski115 to prepare for their lives after college. We are very grateful to those organisations in the wider local communrty that offer work experience placements to our students. Our Craft Curriculum gives our students the opportunity to learn a range of practical skills whilst experiencing a sensory curriculum. Craft5 on offer include cooking, Bardening, bakin8, weavin8, art and pottery. Our Movement Curriculum supports the physical and mental development of our students, working individually and as a group on stamina and perseverance through sessions in bothmer gymnastics, eurythmy and games. All students have individualised study programmes with their personal leafning aims based around their Education, Health and Care Plans. These learning aims are embedded across their learning day throughout sessions. therapies and the horne environment. The Mount offer5 a ran8e of accredited and non-accredited learning opportunities across The Mount Curriculum. Skills for Independence Currl¢ulum Developing ski115 for independence is at the heart of The Mount Curriculum as many students aspire towards living as independent a life as p055ible. All students are timetabled to attend Life Skills sessions, Work Skills sessions and Work Experience Placements. Functional Skills sessions, PSHE sessions and, for students leavin8 The Mount. Transition sessions. Craft Currlculum Our Craft Curriculum is central to our therapeutic learning. AII rtLrdents that choose to attend The Mount have chosen to participate in an aspect of craft learning. The craft activitie5 are valued for both their therapeutic potential and for developing transferable skills. The development of ski115 Wlthin a craft sLlPPOrts a Sensory based experience whilst building individual confidence and selfosteem by makin8 beautrful. valued items that are used within the community or sold as social enterprise. The craft workshops OA offer are Introduction to Crafts, Weavery, Pottery, Cookery. Garden. Bakery, Art and Donkey Care. The Craft Curriculum develops students, skills to enable potential voluntary or paid work opportunities beyond college. Page 2
The Mount Camphlll ComrnuThlty Ltd Report of the Trustees for the Year Ended 31 July 2023 OBJECTIVES AND ACTMTIES Movement Currfculum Every student at The Mount attends a daity movement session which forms a structure and rhythm to the stort of their college day. Our Movement Curriculum consists of Bothmer Gymnastics. Eurythmy and Game5 which develops spatial awareness, body control and coordination which is essential for all students to develop. Eath student improve5 their balance, upri8htnesS, sense of rhythm and coordination which in turn leads to greater confidence, 5elf-esteem and an improved ability to work effectively in other attivities. Students in College I take swimming lessons at the local swimming pool once a week and are taught by a qualified swimming instructor. Beyond College I, students are encouragetl to swim for exercise and enjoyment in their leisure time outside of college hours. Therapie5 The Mount offers a range of spe¢ialised therapies which nurture the whole person. These include Speech and Language Therapy, Occupational Therapy, Eurythmy Therapy. Music Therapy. Art Therapy. Bothmer Gymnastics, Embodirnent and Rhythmical Ma55age. The educational philosophy which underpins the work at The Mount aims to create a healthy and positive balance between the three human a5perts of= intellectual understanding,. feeling*motional-intuitive experience. and practical ability. This 15 m05t simply expre55ed as Think4n& Feelin8 and WTrlling. Acaderntc achievements The charity offers indlvidual support in English and Maths. as specified in each student's EHCP (Education. Health and Care Planl. Each year we are very proud and delighted by our students. achievements. This year our students have succeeded in gaining the following accredited qualifications: Number entered for qualificati¢)n Number achleved qualification Success rate Qualification BTEC Entry Level 2 Subsidiary Award in Pre-vocation31 Study BTEC Entry Level 2 Award in Pre-vocational Study BTEC Entry Level 2 Certificate in Pre-vocational Study. BTEC Entry Level 3 Subsidiary Award in Work Skills BTEC Entry Level 3 Award in Work Skills BTEC Level l Award in Work Skills BTEC Level l Award in Home Cooking Skills BTEC Level 2 Award in Home Cooking Skills Functional Ski115 Mathematics at Entry Level Awarding badv Pear50n Edexcel Pearson Edexcel Pearson Edexcel Pearson Edexcel Pearson Edexcel Pearson Edexcel Pearson Edexcel Pearson Edexcel loo% loo% loo% loo% Pearson Edexcel LASER Entry Level Certificate in Personal Progress (Entry 11 LASER Entry Level Award for Learnin& Employability and Progression (Entry 31 LASER Entry Level Extended Award for Learning, Employability and Progression (Entry 31 LASER LASER LASER loo% Page 3
The Mount Camphill Community Ltd Report olthe Tn for the Year Ended 31 Juty 2023 08jEIVEs AND AcfiviTIES LASER Entry Level Introductory Certificate for Learning, Employability and Piogression (Entry 31 LASER Level I Certificate for Learnin& Employability and Progression ILevel 11 LASER LASER Cohousin8 Cohousing, an innovative and inclusive adult supported living model. is the second offer within the Mount Camphill Community. With the completed development of Pond House, we now have 3 houses, a community of 37 people, 31 lile sharers. 16 of whom are supported cohousers. This year we have seen our presence grow in the local community in many ways. Including social networking through building relationships with local community groups.. cultural events. such as drumming exhibitions and collaborative music events and work opportunitie5 With local business support. We have also h05ted an International Voluntary Seryice camp. makin8 connections on a global level. The 8 volunteers helped us to finish a path building project around our lakes. We completed our annual sponsored walk to raise funds for an outdoor meeting space. many families also joined us. Our Monthly News and Notes keeps all families and community members updated and can be found on our social media page. Our focus remains on our green agenda. lowefing our carbon output whilst meeting the future with clirnate consciousness. Commtsnlty The Mount is a member of the Association of Camphill Communities whKh was founded in 1940. The community is made up of dedicated and enthusiastic co-workers, many of whom live on site. non-resident employed co-workèrs and a group of young short-term volunteers who come from countrie5 throughout the world, to live and work at The Mount. This skilled and energetic group of people enables the Mount to offer a diverse, positive and caring environment in which to live and develop. Social Enterprlse The social Enterprise area of our offer is in development and aims to offer meaningful work artNities for cohousers with engagement and commitment to nurture self-esteem and have a therapeutic benefit. The bakery is artive in producing bread for the communrty and is exploring other produrts such 35 granola and seasonal Products. Candle making. pottery. weavin& woodwork. art and eco crafts. estate work and donkey care are also taking place. Page 4
The Mourt Camphin Communrty itd Repon of the Tnjstees forthe Year Ended 31 July 2023 OBJEcnvES AND AcnvtriES Markettng and research of the pfoducts will include cohousers and create the opportunity to take Social Enterprise into the wider communtty- Inereased opportunities out&de The Mount and further attiviiies are being explored. Tralnlnl The community eneages in a bfoad range of trainin8 for its co-workers and volunteers, exceedin8 mandatory guidelines and prornoting continuous learning and development as appropriate to everyone. voluntee recewe formal training usin8 our in-house training course in line with Skills for Care which leads to the Care Certificate and further training in social care in relation to the prirsciples of workin8 in a Camphill Communiw. Investments In infrastructur• The buildinE work for the redevelopment of Pond House in Wadhur5t to provide 6 additional supported living places was completed in October 2022. This was followed b¥ the necessary investment to furnish the house and the purchase of two vehicles. The cohousing kitchèn in Soltane House was replxed In the summer 2023 tO8ether with general improvements to the room including flooring and decorating. Thère has been a major irwestment in tr equipment for the college with the pUrdSe of interactive whiteboards. ipads and charging cabinets. Fundralsl The charity continued to fundraise for the necessary funds to complete Pond House in Wadhurst. This adivity was coordinated by the inhouse team and with some work carried out ty Pebblebeach Fundraising Limited la professional fundraising tompanyl to complete the suite of fundraising literaiure. Pebblebeach Fundraising rnIted is a member of the Chartered Institute of Fundraising and is registered with the Fundrzising Regulator. A5 at the year end, there was £31.601 12022-. £51,8911 of the Pond House appeal mgnies remaining in restricted funds. This will be used in 23-24 for the final paymenis io the professionals involved in the project. We thank everyone who has contrlbuted to the Pond House fundraising effort and are delighted to see the house providing a wonderful home for 6 cohoustng rdents. Subsequent fvndraisin8 campaigns commenced for the landscapine at Pond House, the boardwalk ai Pond House, Some market stalls. the carbon footprint reduction project and an 000r meeting space. As at year end the totsl remaining in restricted fund5 for these campaigns was £83.06412022: £Nill. We reached a total membership of 40 in our Friends account 8i¥ing BUlar monthly, quarterly and annual donation payments. A fundraising client latIonshIp management system ICRMI has been installed (Donoffyl to ensure that fvndroisin8 data is held securely as the fundraising activity 8ain5 more abilIty and strength. The Charity is registered with the Fundrai51 Regulator and is committed to the Fundraising Promise and adherence to the Code of Fundraisin8 Practite. Page 5
Tht Moum Camphlll ConTrwlty Ltd Report ol the Trustets for the Year Ended 31 July 2023 OBJECTIVES AND AcfivmES No complaints have been received about the fundraising attNity. The Charity is conscious of the need to protect vulnerable people with respect to the fundraising activity and the vulner4ble per50n5 policy is published on the website. Futtsre plans The eommunity has secured annIng pemtssion to expand the existir¢ car park on site and plan5 to complete this work in 2024. The college will Continue the work to further upyade and Ènhance the IT systems to best support student5 and hopes to replace the minibus. The college continues to be aware of the background of uncertain high needs funding and works to ensure tfvat a high quality of proV10n 15 offered and that it continue5 to be accessible and provide maximum benefit. Within cohousing there is the aim io expand Social enterprise and offer inueased opportunities. Hnan(i31 posltlon The charity achieved a small increase in net incorne tompared to prevbjus year of £46.656. The totzl unrestricted net income of £227.908 12022.. £181.2521 together with the transfer out of unrestricted fund5 of £122.509 12022= 458.2361 produced a positr¥e net movement in funds of £350.417 12022.. £639,488). The total unrestricted fund balance at year end was £4,363.14312022.. £4.012,7271. This stability has allowed planned investment to move ahead. as outlined abtsve in our future plans. The trustees plan to continue to invest in the infrasrructure and ihe quality of our offering for students and Fesidents as funds allow. Invellment pollcy arnl oblertl¥ Under the memorandum and articles of association, the chanty has the power to invest monies not immediatelv required for its purpose in or uport such investments. securtties and properry as the twstee5 judge to be fit. In this financial year. funds have been placed on short term deposit onty. Resef¥es policy 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 endetl 31 July 2023. this equated to between £617,984 and £823,979. Re5erve5 are calculated a5 the charity'5 unrestricted funds of £4.363.143 minus those funds unavailable for expenditure such as fixed assets £3.319,454. Sin¥ a reserve level at the yearond of £1.043.68912022: E849,2621. The trustees recognise that the level of free SeNe$ flLKtuates during pericJs of Investment in the estate. The harity inve5teiJ in the purchase of Pond House in 2017 and has a continuing programme of refurbishment and investment at The Mount to maIn1n the facilit$ for our students and residents. The trustees will continue to ensure that the level of feserves 15 SLrfficient to protect the charity in the e¥ent of reduced irKome or changes in circumstances. Page 6
The Mount Camphlll Comfflunlty Ltd Report of the Trustees far the Year Ended 31 July 2023 FINANaAL REVIEW uilding maintenaKe ¥nd sustalnability fvnd The trustees are concerned to ensure that rhe charity has sufficient funds of £l(XJ,OOQ12022: £1(KJ,0001 set asitle for any future work required to maintain the buiklings and grounds of the ¢ornmunity. They have therefore agreed to set aside funds for anyfuture works. Restrirted reser¥es Some fvnd5 are proved to the charity tg vsè for specific purpts5 and where this is the case, they are held in restricted reserve and drawn on as ihe funds are reqUId for the purposes for which they are given. STrUCfURE. GOVERNANCE AND MANAGEMEI Go¥erninE document The charity is controlled by its governing documenL a deed of trusl and constr(ute5 3 limited company. lirnited bv guarantee, a5 defined by the Companies Act 2006. The Mount Camphill Community Limited is a company limited by guarantee. incorwrated on 9 March 1971 and registered as a charity on 13 March 1972. The company was established under a Memorandum of Association whith establishes the objective5 and powers of the charr(able eomp3ny and is 8overned under its Articles of Association. The company 15 re8lStered 35 a charitable company with the Chartties Commi55ion. In the event of the ompany being wound up. members are required to contribute an amount not exceeding £5. Ilcruitment and appointmnt of new trustees The members of the Cguncil of Management (the Councill. who are the directors of the company and trustees of the charity, are drawn from people working in the anthrop050phical organisations with similar aims to The MournL members of the wider community and parentslguardians of existin8 and fomier students. Trustees a elerted lor ratified if temporall coffjptedl by the members of the Association of The Mount tsmphill Community Limited. Or8anlsational Strlure In the year to 31 July 2023. the organisation was manaqed through the strurture of leadership, mana8ement and cohousin8 groups with oversight in all other area5. The core areas were managed by Sara Garland and Cathy H311 IEducalionl. Sabine Hgpe (Care and Support) and Pamela Lowton (Finantel. The eroups worked collectively with the trustees to lead the strate8ic dirertion of The Movnt Camphill Communtty. The Council met four times during the year under review antl The AssLKiatiOn of The Mouni Camphill Community membership meetings We held twice. Here. members and tflt5tees explore issues of common interest or strategic developrnent and maintain and foster the ethos of The Mount. In addition to their overarching shared reSnSIbIlIty. individual trustees take on key areas of responsibility and maintain continving communication with the relevant groups between trustee meeting5. They also attend specific meetings, as nece$53ry. to maint3in awarenes5 and represent tfUStees' inte¥ests in appropriaie fofums. Page 7
The Mount Camp1 Cofflrnunrty Itd Report of the Truste forthe Year Ended 31 July 2023 STRUCTURE. GOVERNANCE AND MANAGEMEI Indurtion and tralnlng of new trustees An indurtion pack is shared with each new trustee on appointfflent and training is offered as appropriate to them. Remuneration poliry The Salary Review Group undertakes an annual review of all employee salarie5 and makes recommendations to the trustees for approval of arnendments to pay levels having regard to RPI over the prevlous year arTrd current rinancial status of The Mount. All employees are paid more than the National tNinÉ Wage and the Natnal Minimum Wage. All employees are ellgible for the group pension 5¢heme with up to S% of salary matched by employer contributions. Rlsk management The tru5tee5 have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraj arKI error. The trustees have implemented and kept under review. an aSsMent of maior risks to which the charity is exposed. In particular they monitor those risks related to the oper3tior15 and finantes of the thartty and at the time of this report, they are satisfied that the are systems in place to mitigate exp05Ufe to the major risks assessed. At least oncè èvery year. the main working groups and facutties vdithin the community undertake a review of the risks facing their daily operations and update the re6iSter of major risks, to8ether with the step5 in place to mitigate the risk5 and consideration of improvements to controls. Pa8e 8
The Mount Camphlll Ltd Report of the Trustees fry the Yéar End 31 July 2023 REFERENCE AND ADMINISTRATIVE DEfAIL5 Re815tered Company numbef 01004194 IEngland and Wales) Re815tered Charity number 307027 Rty5tered offi¢t The Mount Fair£rouch Lane Wadhuist East Sussex TN5 6PT Trustee5 Mr P S Bateson Mr S F Briault MrPMMMa2aS Mrs G A C Steadman Mr A Vestrini Mr W N Taylor (Appointed 27 March 20231 Auditors Swindells LLP Chartered Accountants and Statutory Auditor Atlantic House 8 Bell Lane 8ellbrook Industrial Estate Uckfield East Sussex TN22 IQL Soll¢ltors Thornson. Snell and Passmore 3 Lonsdale Gardens Tunbridge We115 Kent TNI INX Bankèrs National Westminster Bank pl 89 Mount Pleasant Road Tunbridge Wells Kent TNI IQJ Triodos Bank NV Brunel House 11 The Promenade Bfistol 858 3NN Page 9
The Mount Camphill Community Ltd Report of theTrustees for the Year Ended 31 July 2023 STATEMENT OF TRUSTEES, RESPONSIBIUTIES The trustees (who are a150 the directors of The Moynt Camphill Community Ltd forthe purposes of company lawl are espon5ible for preparing the Report ot the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom General Accepted Accounting Practice) including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Compary law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the State of affairs of the charitable company and of the incoming resources and application of resources, Including the income and expenditure, of the charitable company for that period. In preparing those financial Statements, the trustees are required to- select suitable accounting policies and then apply them consi5tently,' observe the method5 and principle5 in the charity SORP: make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in busine55. The trustees are responsSble for keeping proper accounting records which disclose with reasonable accuraty at anv time the financial position of the charitable company and to enable them to ensure that the finantial statements comply with the Companies Act 2006. They are also responsible for Safeguarding the a55ets of the charltable company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. STATEMENT AS TO DlStLOSURE OF INFORMATION TO AUDITORS So far a5 the trustees are aware, there is no relevant information las defined by SeCtn 418 of the Companies Act 20061 of which the charitable company's auditor5 a unaware. and each trustee has tsken all the steps that they ought to have taken as a trustee In order to make them aware of any audtt information an(i to establish that the charitable companvs auditors are aware of that information. Approved by order of the board of trustees on ..... and Signed on its behalf by.. Mr P S Bate50n- Trustee Page 10
The Mount Camphill Community Ltd Report ol the Trustees for the Year Ended 31 July 2023 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 010(M194 (England and Wales) Registered Charity number 307027 Registered office The Mount Faircrouch Lane Wadhurst East Sussex TN5 6PT Trustees Mr P S Bateson Mrs F Briault MrPMMMazas MrsG A C Steadman Mr A Vestrini Mr W N Taylor (Appointed 27 March 20231 Audltors Swindells LLP Chartered Accountants and Statutory Auditor Atlantic House 8 Bell Lane Bellbrook Industrial Estate Uckfield East Sussex TN22 IQL Solicltor5 Thomson, Snell and Passmore 3 Lonsdale Gardens Tunbridge Wells Kent TNI INX Bankers National Westminster Bank plc 89 Mount Pleasant Road Tunbridge Wells Kent TNI IOJ Triodos Bank NV Brunel House 11 The Promenade Bristol B58 3NN Pa8e 9
Report of the Independent Aud•tots to the MembeTh of The Mount Camphill Communrty Ltd Opinion We have audited the financial statements of The Mount Camphill Community Ltd Ithe 'charitable company'l for the vear ended 31 July 2023 which comprise the Statement of Financial Activities. the Balance Sheet, the Cash Flow Statement and notes to the financial statements. includinB a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards Ivnited Kingdom Generalty Accepted Accountin8 Practi1. 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 2023 and of its incoming resources and application of resources. including its income and expenditure, for the year then ended.. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reportlng 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. 8a515 for opinion We conducted our audit in accordance with International Standards on Avditing IUKI11SAs IUKII and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements seaion of our report. We are independent of the charitable company in accordance with the ethlcal requirements that are relevant to our audit of the finèncièl 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 15 sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements 15 appropriate. 8ased on the work we have performed. we have rt identifd any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the finanoal statements are authorised for i55ue. Our respoftsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other information comprise5 the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditor5 thereon. Our opinion on the financial statements does not cover the other infomiation and. except to the extent otherwise explicitly stated in our report. we do not expre55 any form of assuran 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 matefially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially rni55tated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements thernselves. If, based on the work we have performed, we conclutle that there is a material mi13teMent of this other information. we are required to report that fact. We have nothing to report in this regard. Page 11
Report ofthe Independent Auditor5 to the mernbe of The Mount Camphill Community Itd Oplnlons on other matters prescrfbed by the Companies Art 2006 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 statement5- and the Report of the Trustees has been prepared in accordance with applicable le8al qUireMents. Matters on which we are required to report by exception In the light of the knowledge and understandbng of the charitable company and its environment obtained in the course of the audit. we have not identified material mi55tatements in the Report of the Tru5tee5. We have nothing to report in respect of the following matters where the Companies Act 2tX)6 requires US to report to you if, in our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us.. or the financial statements are not in agreement with the accounting records and returns- or certain disclosures of trustees, remuneration Specified by law are not made,. or we have not received all the information and explanations we require for our audit- or the tfU5tee5 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. Respt)nslbllltles of trustees As explained more fully in the Statement of Trustees. Responsibilitie5. the trustees (who are a150 the director5 of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the tru5tee5 determine is necessary to enable the preparation of financial statements that a free from material rnisstatement, whether due to fraud or error. In preparing the financial statements. the trustee5 are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the thantable company or to cease operations. or have no realisti¢ alternative but to ¢Jo $0. Page 12
. Rei)ort of the Independent Audltors to the Mernbers of The Mount Camphill Community Ltd Our responslbilities for the audlt ol the financial statements Our objectives are to obtairs reasonable assurance about whether the financial statements a5 a whole are free from material misstatement. whether due to fraud or error. and to issue a Report of the Independent Auditors that include5 our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted 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 decisiofts of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irreEularitie5. includin8 fraud is detailed below- Irregularities, including fraud, and instances of non-compliance with laws and re8ulations. We design procedures in line with our responsibilities, outlined above. to detect material misstaternents in re5pe¢t of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities. including fraud is detailed below.. the charivs internal controls have been discussed and understood prior to our audit testing. Internal controls have been tested through walkthrough testin& to assess whether controls are adequate. whether they are being followed, and whether irregularities and fraud are prevented. deficiencie5 in internal controls have been highlighted and explained to management. along with recommendations as to how deficiencies can be improved and the risk of irregularity and fraud occurrence minimised. representations have been provided by management that there were no identifd cases of fraud or instances of non-compliance during or since the accountlAg period. substantive testing ha5 been carried out to test the valitlity of transartions. with entries in the accounting system vouched to corresponding third party documentation and evidence of appropriate authorisation. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, Including those leading to a material mi55tatemenl in the financial statements or non-compliance with regulation. Thi5 risk increases the more that compliance with a law or regulatron is removed from the events and transaction5 reflected in the financial statements. a5 we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves intentional ton¢ealment. forgery, collusion. omission or m1$repsentatlon. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Countil's website at www.frc.org.uk/auditorsresrM)nsibilities. This description forms part of our Report of the Independent Auditors. Page 13
Report of the Independent Audltors to the Members of . The Mount Camphlll Community Ltd Use of ouw report This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of ParT 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matter5 we are required to state to them in an auditors. report and for no other purpose. To the fullest extent pemitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body. for our audit work. for this report, or for the opinbons we have formed. Melanie Richardson BAIHonsl FC4 (Senior Statutory Auditorl for and on behalf of Swindells LLP Chartered Accountants and Statutory Auditor Atlantic House 8 Bell Lane Bellbrook Industrial Estate Uckfiel East Sussex TN22 IQL Date.. Page 14
The Mount Camphill Communlty Itd ststement of Fina11 Acti¥lties for the Year Ended 31 Juty 2023 2023 Tot31 funds 2022 Total funds Unrestricted funds Aestricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacie5 28.437 215,616 244,053 242.746 Charitable •ctivities College income Cohousing income 1,515.365 1.085.827 1.515,365 1,085,827 1.528.394 643,872 Other tiading activities Investment income 52,299 17,917 52.299 17,917 23.452 989 Total 2.699.845 215.616 2,915,461 2,439.453 EXPENDITURE ON Raisin8 funds 18,294 18,294 1,618 Charitable adNities Staff cost5 Allocated support costs Governance cost5 Bursaries 1.429.902 l.(K17.119 16.622 1,429.902 1,022.259 16,622 1,188,080 864,630 25,121 262 15,140 Total 2.471.937 15,140 2,487,077 2,079,711 INCOME Tr3Th5fer5 ljetween lunds 227,8 122,509 21J),476 1122,5091 428,384 359,742 20 Net movement in funds 350.417 77.967 428.384 359,742 RECONCIUATION OF FUNDS Total funds brought forward 4.012.726 104.948 4,117.674 3,757,932 TOTAL FUNDS CARRIED FORWARD 4.363.143 182.915 4,546.058 4,117,674 The notes form part of these financial statements Page 15
The Mount Camphill Communlty Ltd Balance Sheet 31 July 2023 2023 Tot31 funds 2022 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets 13 3.319.454 3,319.454 3,163,465 CURRENT ASSErs Debtors Cash at bank and in hand 14 167.295 2,045,524 167.295 2.228.439 154,693 2.114,842 182.915 2,212,819 182.915 2.395,734 2,269,535 CREDITORS Amounts falling due within one year 15 1176.0501 1176,0501 1245,3451 14ET CLIRRENT ASSETS 2.036.769 182.915 2.219.684 2.024,190 TOTAL Assm LESS CURRENT LIA8IUTIES 5.356,223 182,915 5,539,138 5,187.655 CREDITORS Amounts falling due after rn0 than one year 16 1993.0801 1993,0801 11,069.9811 NET ASSETS 4,363,143 182,915 4,546,058 4.117,674 FUNDS Unrestricted funds Restricted funds 20 4,363.143 182.915 4,012,726 104.948 TOTAL FUNDS 4,546.058 4,117,674 These financial statements have been prepared in accordan with the provision5 applicable to charitable companies subject to the small companie5 regime. The fin ncia statements were èpproved by the Board of Trustee5 and authori5ed for issue on and were Signed on its behalf bv: Mr P S Bateson - Trustee The note5 form part of these financial 5taternertts Page 16
The Mount Camphill Community Ltd Cash Flow Statement for the Year Ended 31 July 2023 2023 2022 Notes Cash tlows from operating actbvlties Cash generated from operations Interest paid 563.493 131.2501 517,663 124,2151 Net cash provided by operatine activities 532.243 493,448 Cash flows from investln8 artivities Purchase of tangible fixed assets Sale of tangible fixed assets Interest received 1341.1511 4,601 17,917 1438.7711 7,459 989 Net cash used in investing activities 1318,6331 1430,3231 Cash flows from financin8 attttle$ Loan repayments in year I1.013) 199,1891 Net cash used in financing activities IICrf),0131 199.1891 Change In cash and cash equivalents in the reporting period Cash and cash equivalents at the beglnnin8 of the reporting period 113.597 136,0641 2.114,842 2,150.906 Cash and c•sh equi¥alenls at the end of the reporting period 2.228.439 2,114,842 The notes form part of these financial statements Page 17
The Mount Camphill C(wnmunlty Ltd Notes to the Cash Flow Statement for the Year Ended 31 July 2023 RECONauATION OF INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Net Income for the reponinE perlod (as per the Statement of Financial Artivitiesl Adjustment5 for: Depreciation charges Profit on disposal ot fixed assets Interest CeIVed Interest paid Foreign exchange movement Increase in debtors Decrease in creditors 428,384 359.742 183,936 13,3751 117.9171 31.250 22,373 112.6021 168,5561 164,896 19381 19891 24.215 112,6751 19.8451 {6,7431 Net cash PrIded by operati¢Jns 563,493 517,663 ANALY515 OF CHANGES IN NE[ FUNDS At 1.8.22 Cash flow At 31.7.23 Net cash Cash at bank and in hand 2,114,842 113,597 2,228,439 2.114.842 113.597 2,228,439 Oebt Debt5 fallin8 due within l year Debts fallin8 due after l year 197.9271 11.069.981) 739 76.901 {97,1881 1993.0801 I1,167,8) 77,640 11.090.268) Totsl 946,934 191,237 1.138,171 The notes form part of these financial staternent5 Page 18
The Mounl Camphlll Communlty Ltd Notes to the Flnanclal Statements for the Year Ended 31 July ZOZ3 ACCOUNMNG pouaES 8asis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entiry under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Ac¢ounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,, Financial Reportin8 Standard 102 'The Firhancial Reporting Standard applicable in the UK and Republic of Ireland, arhd the Companies Act 2006. The financi•l statements have been prepared under the historical cost Convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Colle8e and ¢0 housing income comprises amounts receivable in respect of students and residents and 15 recognised on an accruals basis. Government grants Grants receivable are recogni5ed when the charitable company has an entitlement to the funds and any conditions which are linked to the grants have been met. Where performance condition5 are attached to the grant and are yet to be met. the income is recognised a5 a liability and included on the balance sheet as deferred income to be released. Donated 8¢)ods Goods donated for use by the community in carrying out its activities are retognised a5 tangible fixed assets, with the corre5pondin8 gain recognised as income from donations within the Statement of Financial Activities. Oor5ated goods held a5 tangible fixed assets are subject to depreciation and amortisation over their useful economic life and reviewed for indication5 of impaim)ent at the balance sheet date. Expenditure Liabilities are recognised as expenditure as soon a5 there is a legal or constructive obligation committing 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 has been classiffied under headings that aggregate all cost related to the category. Where costs cannot be direttly attributed to particular headings they have been allocated to attivities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted a5 a Commitment but not accrued as expenditure. Tan8lble Ilxed a55ets 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 2.5% on cost 25% on reducing balante 25% on reducing balance Page 19 continued...
The Mount Camphlll Communlty Ltd Notes to the Finan¢iol Ststements- continued for the Year Ended 31 July 2023 ACCOUNTING POLICIES- continued Tantible fixed assets Computer equipment 33% on co# Taxation The charity is exempt from Corporation tax on its charitable acttvities. Fund accounting Unrestricted funds can be used in accordance with the charitable objertives at the discretion of the trustees. Restrirted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the dOrr or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial Statements. Foreign currencie5 Assets and liabilities in forèFgn currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operatinB result. Penslon costs and post4etliement beneffts The charitable company makes contributions to employees. personal pension schemes. Contributions payable are charged to the Statement of Financial Artivities in the period to which they relate. Preparation of the a(nts on a KoiTha concem basis The trustees have assessed whether the going concern basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or conditn$ that may cast significant doubt on the ability of the company to continue as a 8oing concern. At the time of approving the financial statements the trustees believe that all appropriate measures have been or will be taken to ensure that the company will be able to continue it5 operations for at l@a5t the next 12 months and thus conclude that the going concem basis remains appropriate. Pège 20 continued...
The Mount Gimphlll Community Ltd Notes to the Financial 5tatements- continued for the Year Ended 31 July 2023 DONATIONS AND LEGACIES Donations and legacies during the year were received as follows.. Unrellricted Restricted fund5 funds 2023 2023 Totsl 2023 Total 2022 Regular giving and charitable donations Government grants 16.738 11.698 56.520 159,096 73,258 170.794 188,540 54.206 28,436 217,044 244,052 242,746 OTHER TRADING ACTIVITIES 2023 2022 Events income Tuck Shop income Social enterprise sales Rental income 7,339 1.036 4.024 39.9C4J 7,960 1,224 3,583 10,685 52,299 23,452 INVESTMENT INCOME 2023 2022 Deposit account interest 17.917 989 Page 21 ontinued...
The Mount Camphlll Communlty Ltd Notes to the FlTraTrclal Statefflents- continued for the Year Ended 31 July 2023 INCOME FROM CHARITABLE ACTIVITIES 2023 2022 Colle8e income Cohousing income 1,515,365 1,085,827 1.528.394 643,872 2,601,192 2.172.266 EXPENDITURE ON CHARITABLE AcnvmES Support costs (see note 81 Direct Costs Tota15 Siaff costs Allocated sUPPOrt costs Governance costs 1.429.902 1.429.902 1,022.259 16,622 1.022,259 16,622 1.429,902 1.038.881 2.468,783 GRANTS PAYABLE 2023 2022 Bursarie5 262 Page 22 continued...
The Mount CampNII Community Ltd Notes to the Financial Statements- continued for the Year Ended 31 Juty 2023 SUPPORT COSTS Governance Costs Management Finance Totals Allocated support costs Governance costs 957,529 56,466 8.264 16.622 1,022,259 16,622 957,529 56.466 24,886 1,038,881 The charty identifies the. cost of the support an(J governance fvnrtions. These are apportioned with reference to the key charitable activities undertaken in the year. Support costs. included in the above, are as follows.. Finance 2023 Allocated support cost5 2022 Total activities Bank charges Foreign exchange gain5llosse5 Bank loan interest Loan 2.843 22.373 13.430 17,820 2,511 112,6751 5.380 18.835 56,466 14,051 Governance costs 2023 2022 Allocated support costs Governante costs Total activities Total activities Trustees, expenses Auditors, remuneration Le8al fees 1,164 7.100 1,164 7,100 16,622 699 6,983 17,439 16.622 8.264 16,622 24,886 25,121 Page 23 continued...
The Mount Camphill Community Ltd r4ote5 to the Flnancial Statements- continued for the Year Ended 31 Juty 2023 NET INCOMEIIEXPENDITUREI Net income/lexpenditurel is stated after charginyjlcreditingl: 2023 2022 Audit of the accounts Depreciation- owned assets Surplu5 on disposal of re assets 7,1(Xl 183.936 13.3751 6,983 164.896 19381 io. TRUSTEES. REMUNERATIOPI AND 8ENEFWIS Durin8 the year the charitable cornpany paid personal expenditure on behalf of trustees as follows.. Total 2023 Total 2022 Mr A Vestrini 6.160 8,010 6.160 8,010 During the year the charitable company made trustee pension contribLrtions as folk*ws= Total 2023 Total 2022 Mr A Vestrini s,(3 4,800 5.(KJ3 4,800 The above transactions have been made to Trustees as Co-workers, separate to their trusteeship, under the legal authorhty of the charitable company's Memorandum and Article5 of Association. 2023 2022 Trustees, expenses 1.164 699 Page 24 continued...
The Mount Camphill Community Ltd Notes to the Financlal Statements- wntlnld for the Year Ended 31 July 2023 ii. STAFF COSTS 2023 2022 Wages and salaries Social security Costs Other pension costs 1.254.746 79,676 95,480 1,047,511 49,478 91,091 1.429.902 1.188.080 The average monthly number of employees during the year was as follows.- 2023 45 2022 41 Employees No employees received emoluments in excess of £60,(XXI. Page 25 continued...
12. COMPARATIVES FOR THE STATEMENT OF FIP4ANCIAL A1VITIEs Unrestritted funds Restrirted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 25.702 217.044 242,746 Charitable artmties College income Cohousin8 income 1.528.394 643,872 1.528,394 643,872 Other trading activities Investment income 23.452 989 23.452 989 Total 2.222.409 217,044 2,439,453 EXPENDITURE ON Raising funds 1.618 1,618 Charitable activities Staff costs Allocated support costs Governance costs Bursarie5 1,179,448 834,970 25.121 8,632 29,660 1,188,080 864.630 25,121 262 262 Total 2.041.157 38,554 2.079.711 Page 25 continued...
The Mount Carnphill Communlty Ltd Notes to the Flnancial Statements- continued for the Year Ended 31 July 2023 12. COMPARATIVES FOR THE STATEMENT OF FINANaALAcnvmES- Continued unrerICted funds Aestricted funds Total funds NEf INCOME Transfers between funds 181,252 458.236 178,490 1458,2361 359,742 Net movement In funds 639,488 1279,7461 359,742 RECONCILIATION OF FUNDS Total funds brought forward 3.373.239 384.693 3,757,932 TOTAL FUNOS CARRIED FORWARD 4.012,727 104,947 4,117,674 13. TANGIBLE FIXED ASSErs FehOld Pfopertv Plant and machinery Motor vehicles Computer equipment Totals COST At l August 2022 Additions Disposals 5,120,507 244,668 462.257 20.843 {4.0121 97.297 51,488 119.0351 53,042 24,152 114,3561 5.733.103 341.151 137,4031 At 31 July 2023 S,365.175 479,088 129,750 62.838 6,036.851 DEPRECIATION At l August 2022 Charge for year Eliminated on disposal 2.084.305 129,281 366,444 26.834 {3.6321 76,883 14,920 118.3571 42.IJ06 12,901 114,1881 2.569,638 183.936 136,1771 At 31 July 2023 2,213,586 389.646 73,446 40.719 2.717.397 NET BOOK VALUE At 31 July 2023 3,151,589 89.442 56.304 22,119 3.319.454 At 31 July 2022 3,036.202 95,813 20.414 11,036 3,163.465 Page 26 continued...
The MInt Camphill Community Ltd Notes to the Financlal Statements- continued for the Year Ended 31 July 2023 14. DEBTORS.. AMoUTr FALUNG DUE WITHIN ONE YEAR 2023 2022 Trade debtors Other debtors Prepayments and accrued income 103,106 55 64,134 103,892 55 50,746 167,295 154,693 15. CREDITORS: AMOUNTS FAWNG DUE WITHIN ONE YEAR 2023 2022 Bank loans and overdrafts Isee note 171 Other loan5 Isee note 17 Trade creditors Social security and other taxes Other creditors Accruals and deferred income 21.072 76,116 28.446 16.452 8.368 25,5% 24,898 73,029 91,012 15,642 7,356 33,408 176,050 245.345 16. CRÉDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR 2023 2022 Bank loans (see noie 171 Other loans (see note 171 256.469 736.611 274,503 795,478 993,080 1,069,981 17. LOANS An analysis of the maturity of loans is wven bek)w-. 2023 2022 Amounts falling due within one year on demand-. Bank loans Other loans 21,072 76.116 24.898 73.029 97.188 97,927 Page 27 continued...
The Mount Camphlll Conwnuruty Ltd Notes tothe Financial Ststements- contlnwd for the Year Ended 31 Juty 2023 17. LOANS- continued 2023 2022 Amounts falling between one and two year5- Bank loans- 1-2 years Other loans- 1-2 years 22,501 77,650 25,464 74,500 100.151 99,964 Amounts falling due between two and fNe years: Bank loans- 2-5 years Other loans- 2-5 years 76.956 242,463 79,918 232,630 319,419 312,548 Amounts falling due in more than five years- Repayable by instalments= Bank loans more 5 yr by instal Other loans more 5yrs instsl 157,012 416,498 573,510 169,121 488,348 657,469 other loans relate to a concessionary loan in which interest is charged at a rate of 2% per annum. This loan 15 repayable by instalments over 12 years to June 2033. The loan is secured by way of a legal charge over Pond House, one of the charttable company'5 freehold propertFes and a floating charge over all other property. LEASING AGREEMENTS At the balance sheet date the charitable company had total commitments under operating lease5 of £3,425 12022.. £4,381). 19. SECURED DEBTS The following secured debts are included within creditors= 2023 2022 Bank loans Other loans 277.541 812,727 299,401 868.507 1.090.268 1,167,908 Bank loan5 totalling £277,541 12022.. £299.4011 are secured by way of a mortgage over certain of the charitable company's freehold property. Page 28 continued...
The Mount Camphlll Communlty Ltd Notes to the Financial Statsments- continued for the Year Ended 31 July 2023 19. SECURED DEBTS- contlnued Other loans of E803.02912022: £868,507) are secLtred by way of a legal charge over Pond House. another of the charitable company's freehold propertie5. 20. MOVEMENT IN FVNDS Net movement in funds Transfers between funds At 31.7.23 At 1.8.22 Unre5trirted funds General fund Building maintenance and sustainability reserve Friends of the Mount 3.912.726 212,232 122,509 4,247,467 Ico,000 15,676 15,676 4,012.726 227,9J8 122.509 4.363.143 Restrlcted funds ESFA 16-19 Bursary fund ESFA Devoed formula capital fund ESFA Schools condition allocation fund Pond Houselcohousin8 development fund Other restricted funds Pondhouse Boardwalk Pond house Lartdscaping Carbon Foodprint Redurtion project 27.849 19.635 5.573 51.891 2.753 16.908 795 96.277 1.818 13.750 56.175 12.0 30,602 16,324 14,434 38,491 1,139 13,750 56,175 12,0 120.2191 8.066 1109,6771 16791 104.948 21XI.476 1122,5091 182,915 TOTAL FUNDS 4.117,674 428.384 4.546.058 Page 29 continued..
The Mount Camphill Community Ltd Notes to the Flnancial Statements - continued for the Year Ended 31 July 2023 20. MOVEMENT IN FUNDS- Continued Net movement in funds. included in the above are as follows= Incomin8 resources Resources expended Movement in fLbnds Unrestricted funds General fund Friends of the Mount 2,684,169 15,676 12,471,937) 212.232 15,676 2,699.845 {2.471,9371 227.908 Restricted funds ESFA 16-19 BufSaryfvnd ESFA Devolved formula capital fund ESFA Schools condition allocation fund Pond Houselcohousing development fund Other restricted funds Pondhouse 8oardwalk Pond house Landscapin8 Carbon Foodprint Reduction project 2,753 16,908 14,435 96,277 1.818 13.750 57,675 12,OCrf) 2,753 16.908 795 96,277 1,818 13,750 56,175 12,000 113.6401 11,5001 215,616 115.1401 200,476 TOTAL FVNDS 2,915,461 12,487.0771 428,384 Page 30 continued...
The Mount Camphill Community Ltd Notes to the Finaficlal Statements- contlnued for the Year Ended 31 July 2023 20. MOVEMENT IN FUNDS- conlinued Comparatives for movement in fvnds Net movement in funds Transfers between funds At 31.7.22 At 1.8.21 Unrestrkted funds General fund Building maintenance and sustainability reserve 3,273.239 181,251 458.236 3,912.726 i(KJ.coo iOO,(N)O 3.373.239 181,251 458,236 4.012,726 Restricted funds ESFA 16-19 Bursary fund ESFA Devolved formu13 capital fund ESFA Schools condition allocation fund Pond Houselcohousing development fun E5FA Tuition fund 25.378 9,890 20.561 328.864 2.471 20,219 114.9881 182.29S 111,5C61 27,849 19,635 5.573 51,891 (10.4741 {459,2681 11.506 384,693 178,491 1458,2361 104,948 TOTAL FUNDS 3.757.932 359.742 4,117,674 Comparative net movernent in funds, included in the above are as follows= Incoming re50uTces Resources expended Movement in funds Unrestrirted funds General fund 2.222,409 12,041,158) 181,251 Restrlcted funds ESFA 16-19 Bursary fund ESFA Devolved fomiula capital fund ESFA Schools condition allocation fund Pond Houselcohousing development fund ESFA Tuition fund 2,733 20,219 12621 2.471 20,219 114,9881 182,295 111,5061 114.9881 182,295 11,797 123.3031 217.044 138,5531 178,491 TOTAL FUNDS 2,439.453 {2.079.7111 359,742 Page 31 continued...
The Mount Gimphill Communlty Ltd Note5 to the Financial Statements- contlnued for the Year Ended 31 July 2023 20. MOVEMENT IN FUNDS- continued The ESFA 16 to 19 Bursary Fund provrdes financial support to help students overcome the specific financial barriers to participation they face, so they can remain in education. 8ursaries are based on financial hardship and factors limiting acce to education. The ESFA Devolved Fomiula Capital is direct funding for individual institution5 to maintain their buildings and fund small scale capltal projects. The ESFA School Condition Allocation should be prioritised in keeping school buildings safe and in good working order by tackling poor building condition. building compliance, energy efficiency. and health and safety issues. The Pond HouselCohousinB Development Fund is for the development of Pond House in Wadhurst in order to provide a wonderfvl new home for supported residents in the village. The Pond House Boardwalk and Pond House Landscaping fund are for the improvement of zhe external space of Pond House. The Carbort Footprint Reduction projert is donation5 received in the year specifically for carbon footprint reduction at the Mount premises. Other restricted funds represent monies raised for the purchase of one off items. In 2023 this included the purchase of Market stalls and funds for an outdoor meeting space.. Transfers between funds Transfers betsveen funds have been made in respect of capital expenditLtfe incurred using restricted funds for restrirted purposes. Assets which are purchased using restricted funds which are then held for general rather than restricted purposes have been transferred from restricted to unrestricted fvnds. 21. CAPITAL COMMITMENTS 2023 2022 Contracted but not provided for in the financial statements 36,682 179.442 Page 32 continued...
The Mount Camphill Community Ltd Notes to the Financial Ststements- continwd for the Year Ended 31 Jufy 2023 22. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 July 2023. PaBe 33