REGISTERED COMPANY NUMBER: 01004194 (England and Wales) REGISTERED CHARITY NUMBER: 307027 Report of the Trustees and Audited Financial Statements for the Year Ended 31 July 2024 for The Mount Camphlll Communlty Ltd IA Company Limited by Guarantee) Swindells LLP Chartered Accountants and Statutory Auditor Atlantic House 8 Bell Lane Bellbrook Industrial Estate Uckfield East Sussex TN22 IQL •AEIA48 2610412025 COMPANIES HOUSE A18
The Mount Camphlll Community Ltd Contents of the Financial Statements for the Year Ended 31 July 2024 Page Report of the Trustees Report of the Independent Auditors 10 to 13 Statement of FSnanclal Actlvltles 14 Balance Sheet 15 Cash Flow Statement 16 Notes to the Cash Flow Statement 17 Notes to the Financial Statements 18 to 31
The Mount Camphill Community Ltd Report of the Trustees for the Year Ended 31 July 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial staternents of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective l January 20191. OBJEcfivES AND AcfiviTIES Objectives and aims The objective of the charityi as set out in the memorandum, Continues to be to provide care to and advance the education and trainin8 of people wlth a disablllty, in accordance wlth the principles of Dr Rudolf Steiner. The Charity aims to meet the needs of young people with a learning disablllty over the age of 16 in their transition to adulthood and to create a co-housing community where adults with a learnin8 disability can live and develop wlthin a supportive, carin8 and stimulating envlronment. The Charity provides an environrnent where each person can develop his or her potential and build their self-confidence, thereby preparing them for the opportunities and experience of later life. Objectives In setting our objectives and planning our activities, the twstees have considered 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, regardless of any disability or religious or racial background, can continue to live and work with others in healthy social relatlonships based on mutual care and respect. To continue to focus on delivering a successful College provision for our students that empowers the students for the their next stage in life. To maintain our student and resident numbers in the college and in the cohousing community. To Increase awareness of the positive benefit that we deliver for students and residents and of the opportunities that are provided here. To offer a wide range of on-site artivities. To offer regular off-site activities. Page I
The Mount Camphill Community Ltd Report of the Trustees for the Year Ended 31 July 2024 OBJECTIVES AND AcfiviTIES Review of actlvities and achievements Community The Mount is a member of the Association of Camphill Communities which was founded in 1940. The comrnunity is made up of dedicated and enthusiastic co-workers many of whom live on site, non-resident employed co-workers and a group of young short-term volunteers who come from countries throughout the world to Ilve and work at The Mount. This skilled and ener8etic group of people enables the Mount to offer a diverse, positive, and caring environment in which to live and develop. Student and Cohouslng resldent numbers Our student numbers at the year-end in the college were slightly down at 2012023: 211, within this the number of day students was 312023: 61 and the number of residentlal students was 17 (2023.. 15). In the cohousin8 cornmunity our resident numbers remained at 16 (2023: 16). College Actlvltles and Achievements The Mount continues to deliver a threefold curriculum- Skills for Independence, Craft and Movement. Our Skills for Independence Curriculum gives students opportunlty to learn, embed and transfer life skills, work skills and functional skills to prepare for their lives after college. We are very 8rateful to those or8anisations in the wider local community that offer work experience placements to our student5. Our Craft Curriculum gives our students the opportunity to learn a range of practical skills whilst experiencing a sensory curriculurn. Crafts on offer include cooking, gardenin8, bakin& weavin8, art and pottery. Our Movement Curriculum supports the physical and mental development of our student5, working individually and as a group on stamina and perseverance through sessions in bothmer gymnastics, eurythmy and games. All students have Individualised study pro8ramme5 wlth thelr personal learnlng alrns based around thelr Education, Health and Care Plans. These learnlng aims are embedded across their learning day throughout sessions, therapies and the home environment. The Mount offers a range of accredited and non-accredited learnin8 opportunities across The Mount Curriculum. Academlc achlevements The charity offers individual support in English and Maths. as specified in each student's EHCP (Education, Health and Care Plan). .Each year we are very proud and delighted by our students, achlevements. Thls year our students have succeeded in gaining the following accredlted qualifications: Number entered for qualification Number achleved qualification Success rate loo% Qualification BTEC Entry Level 2 Award in Pre-vocational Study BTEC Entry Level 3 Award in Entry to Vocational Study Awardlng body Pearson Edexcel Pearson Edexcel loo% BTEC Entry Level 3 Subsidiary Award in Work Skills BTEC Entry Level 3 Award in Work Skills BTEC Entry Level 3 Award in Work Skills Pearson Edexcel loo% Pearson Edexcel Pearson Edexcel loo% Page 2
The Mount Camphill Community Ltd Report of the Trustees for the Year Ended 31 July 2024 OBJEcfivES AND ACTIVITIES Number entered for quallficatlon Number achleved qualification Success rate loo% Qualificatlon BTEC Level l Award in Home Cooking Skills BTEC Level 2 Award in Home Cooking Skills Awarding body Pearson Edexcel Pearson Edexcel loo% BTEC Level I Introductory Award in Land Based Studies Pearson Edexcel loo% Functional skills Mathematlcs at Level 2 Functional Skills English at Level 2 Pearson Edexcel Pearson Edexcel LASER Entry Level 2 Participatin8 in Learning Award LASER Entry Level 2 PartlcSpatin8 Sn Learnlng Certlficate LASER loo% LASER LASER Entry Level Award in Independent Living {Entry 31 LASER io io loo% All other non-accredited learnin8 follows RARPA processes (Recognising and Recordlng Progress and Achievement) which measures student progress and outcome achievement through delivery of The Mount Curriculum. Cohousin8 Actlvities and Achievements Cohousin8 is an innovative and inclusive adult supported living model that is offered within the Mount Camphill Community. There are 3 houses for the community of 16 supported cohousers and 17 live-in co-workers. Thls year we have contlnued to enjoy celebrating festivals and birthdays on slte, going out into the local communlty with the drummin8 workshop performed in Wadhurst and for much appreclated work opportunities with the sUPPOrt of local businesses. Our monthly 'News and Notes" keeps all families and community members updated on the activities and events happening within the cohousin8 community and on developments in social enterprise. Social Enterprise The Social Enterprise area of our offer continues to develop and aims to offer meaningful work activities for cohousers to nurture self-esteem and have a therapeutic benefit. The bakery is attive in producing bread for the community and selling freshly made baked goods at a regular weekly pop-up shop in Ticehurst. Additionally, this year great fun was had in producing A Mount Summer Night's Dream" which was performed in the community and taken on tour to Milton Keynes in July. Page 3
The Mount Camphlll Community Ltd Report of the Trustees for the Year Ended 31 July 2024 OBJEcfivES AND ACTIVITIES Candle makin8, Pottery, weavin& woodwork, art and eco crafts, estate work, donkey care and harvesting the produce frorn the garden also continue to take place. The produce frorn these crafts has been taken to s£veral markets over the course of the year. The cohousing community continues to explore further opportunities to take Social Enterprise into the wider community outside The Mount and develop further activities. Therapies The Mount offers a range of specialised therapies which nurture the whole person. These include Speech and Language Therapy, Occupational Therapyi Eurythrny Therapy, Music Therapyi Art Therapy, Bothmer Gymnastics, Embodlment and Rhythmical Massage. Training The community engages in a broad range of training for Its co-workers and volunteers, exceeding mandatory guidellnes and promoting continuous learning and development as appropriate to everyone. Volunteers receive formal tralning uslng our In-house training course in line with Skllls For Care which leads to the Care Certificate and further trainin8 in social care in relation to the principles of working in a Camphill Community. Investments In Infrastructure A IOE cabin was purchased to provlde a new location for the delivery of Speech and Language and Occupational Therapies. Two vehicles were purchased, one for cohouslng and one for the colle8e. Investment In ITwlth 12 new laptops being purchased during the financial year. Fundraisin8 This year we completed the fundraising campalgns and assoclated works for the landscaping and boardwalk al Pond House and a pergola in the garden at The Mount to provide a useful outside social space. The Minibus appeal was launched in December 2023 and has been successfully completed. The Friends of The Mount assisted with contributions to both the pergola and minibus campaigns. A new fundraising campaign was commenced at the Summer Festival for outside Trim Trail equipment. We received overwhelming support from local Wadhurst bu5ine55es with over £800 worth of prizes donated for the raffle towards the Trim Trail. The Charlty Is reglstered with the Fundraising Regulator and Is commltted to the Fundraising Promise and adherence to the Code of Fundraising Practice. No complaints have been received about the fundraising activity. The Charity is conscious of the need to protect vulnerable people with respect to the fundraising activity and the vulnerable persons policy is published on the website. Page 4
The Mount Camphill Community Ltd Report of the Trustees for the Year Ended 31 July 2024 OBJECTIVES AND ACTIVITIES Future plans The community secured planning permission to expand the existing car park on site and this work was completed in the autumn of 2024. The decision was made to instruct a major upgrade of the computer and telephone infrastrutture, to provide a modern and stable system. This commenced in the late summer of 2024 and was completed in February 2025. The college will continue to invest in the facllities, resources and staff to deliver the best possible provision for students that Is accessible and provides maximum beneflt. Within cohousing it is hoped that social enterprise will continue to develop and offer meaningful work activities for cohousers that will nurture self-esteem and have a therapeutic benefit. FINANCIAL REVIEW Financial posltlon The charity achieved a positive movement in net unrestricted funds, £776,780 12023: £350,417), the increase reflects the increase in college residential students, a complete year of full occupancy at Pond House and the transfer out of restrlcted funds for completed projects. The total unrestricted fund balance at year end was £5,139,92312023'. £4,363,143). This stable financial position has allowed planned investment to move ahead, as outlined above in our future plans. The trustees plan to continue to invest in the inf rastructure and the quality of our offering for students and residents as funds allow. Investment pollcy and objectlves 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. Page 5
The Mount Camphill Community Ltd Report of the Trustees for the Year Ended 31 July 2024 FINANCIAL REVIEW Reserves policv Operating reserve The reserves policy states that the charity should have a reserve of between 3 and 4 months of operational expendlture. For the year ended 31 July 2024, this equated to between £709,605 and £946,140. Reserves are calculated as the charlty's unrestrlcted funds of £5,139.923 rninus those funds unavailable for expenditure such as fixed assets £3,350,099, giving a reserve level at the year-end of £1.789,82412023: £1,043,689). 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 continuing programme of refurbishment and investment at The Mount to maintain the facilities for our students and residents. The trustees will continue to ensure that the level of reserves is suff icient to protect the charity in the event of reduced income or changes in circurnstances. 8ulldln8 malntenance and sustainability fund The trustees are concerned to ensure that the charity has sufficient funds of £IOO,00012023: £100,000) set aside for any future work required to maintain the buildings and grounds of the community. They have therefore a8reed to set aside funds for any future works, Restrlcted reserves Some funds are provided to the charity to use for specific purposes and where this is the case, they are held in a restricted reserve and drawn on as the funds are required for the purposes for which they are given. STRucfuRE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document, a deed of trust, and constitutes a limited companvi limited by guarantee, as defined by the Companies Act 2006. The Mount Camphlll Communlty Limited Is a company Ilmited 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 objectives and powers of the charitable company and is governed under its Articles of Association, The company is registered as a charitable company with the Charities Commlssion. In the event of the company belng wound up, members are required to contrlbute an amount not exceeding £5. Recrultment and appolntment of new trustees The members of the Council of Management (the Council), who are the directors of the company and tStee5 of the charity, are drawr) from people working in anthroposophical organisation5 With similar aims to The Mount. members of the wider community and parentslguardians of existing and former student5. Trustees are elected {or ratified if temporarily co-opted) by the members of the Association of The Mount Camphill Community Limited. Page 6
The Mount Camphill Community Ltd Report of the Trustees for the Year Ended 31 July 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT Organisational structure In the year to 31 July 2024, the organisation was managed through the structure of leadership, management and cohousin8 groups with oversight in all other areas. The core areas were managed by Cathy Hall (Education), Adrian Pye (Care and Support). Vicky Syme {Cohousingl and Pamela Lowton (Financel. The groups worked collectively with the trustees to lead the strategic direction of The Mount Camphill Community. The Councll met four times during the year under review and The Association of The Mount Camphlll Community membership meetings were held twice. Here, members and trustees explore issues of common interest or strategic development and malntain and foster the ethos of The Mount. In addition to their overarching shared responsibility, individual trustees take on key areas of responsibility and rnaintain continuing communication with the relevant groups between trustee Meetings. They also attend speclflc meetings, as necessary, to maintain awareness and represent trustees, interests in appropriate forums. Inductlon and tralnlng of new trustees An induction pack is shared with each new trustee on appointment and training Is offered as appropriate to thern. Remuneration policv The Salary Review Group undertakes an annual review of all employee salaries and makes recommendations to the trustees for approval of amendments to pay leve15 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 Wa8e. All employees are eligible for the group penslon scheme wlth up to 5% of salary matched by employer contributlons. Risk management The trustees have a duty to identify and review the risks to which the charity Is exposed and to ensure appropriate controls are in place to provlde reasonable assurance against fraud and error. 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 exposure to the major risks assessed. The main workin8 groups and faculties within the community undertake a review of the risks facing their daily operations and update the register of major risks, together wlth the steps In place to mitigate the risks and consideration of improvements to controls. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 01004194 (England and Wales Registered Charity number 307027 Page 7
The Mount Camphlll Community Ltd Report of the Trustees for the Year Ended 31 July 2024 Reglstered office The Mount Faircrouch Lane Wadhurst East Sussex TN5 6PT Trustees Mr P S Bateson Mr S F Briault MrPMMMazas Mrs G A C Steadman Iresi8ned 7112120231 Mr A Vestrini Mr W N Taylor Iresigned 201312025) Mis5 S Hope (appointed 20/312025) Auditors Swindells LLP Chartered Accountants and Statutory Auditor Atlantic House 8 Bell Lane 8ellbrook Industrial Estate Uckfield East Sussex TN22 IQL Sollcitors Thomson, Snell and Passmore 3 Lonsdale Gardens Tunbrid8e Wells Kent TNI INX Bankers National Westminster Bank plc 89 Mount Pleasant Road Tunbridge Wells Kent TNI IQi Triodos Bank NV Brunel House 11 The Promenade Bristol BS8 3NN Page 8
The Mount Camphill Community Ltd Report of the Trustees for the Year Ended 31 July 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees {who are also the director5 of The Mount Camphill Community Ltd for the purposes of company law} are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year which give a true and fair vlew of the state of affair5 of the charitable company and of the Incoming resources and pplication 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 sultable accounting policies and then apply them consistently,. observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in buslne55. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial p051tion of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charltable company and hence for takln8 reasonable steps for the preventlon and detection of fraud and other irregularlties. STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS So far as the trustees are aware, there is no relevant Information las defined b¥ Section 418 of the Companies Act 20061 of which the charitable company's auditors are unaware, and each trustee has taken all the steps that they 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 auditors are aware of that information. Approved by order of the board of trustees on . ..Z.¥° éf ri"1.2R.2.5 and signed on its behalf by: Ves ustee Page 9
Report of the Independent Auditors to the Members of The Mount Camphill Community Ltd Opinlon We have audited the financial statements of The Mount Camphill Community Ltd (the 'charitable company,) for the year ended 31 July 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements. including a summary of signif icant accounting policies. The financial reporting f ramework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. In our oplnion the financial statements: give a true and fair view of the state of the charltable company's affairs as at 31 July 2024 and of it5 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 fjenerally Accepted Accounting Practice, Including Financial Reportlng Standard 102 'The Financlal Reporting Standard applicable in the UK and Republic of Ireland,, and have been prepared in accordance with the requlrements of the Companies Act 2006. Basts for oplnlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UKI) 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 f Inancial statements In the UK, includin8 the FRC'S Ethical Standard, and we have fulfllled our other ethical responsibilities in accordance wlth these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relatin8 to golng concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparatlon of the f inancial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, indlvldually or collectlvely, may cast Si8nif icant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibllitles of the trustees with respect to 80ing concern are described in the relevant sections of this report. Page 10
Report of the Independent Auditors to the Members of The Mount Camphill Community Ltd Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinlon on the financial statements does not cover the other information and, except to the extent othernvise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doin8 so, consider whether the other information is materially inconslstent wlth the financial statements or our knowledge obtained in the audit or otherrfrfise appears to be materially m15Stated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothin8 to report in this regard. Oplnlons on other matters prescrlbed by the Companies Act 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 flnancial statements are prepared Is consistent with the flnancial 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 exception In the li8ht 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 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of trustees, remuneration specified by law are not made: or we have not received all the information and explanations we require for our audit: or the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Respon5ibilitie5 of trustees As explained more fully in the Statement of Trustees, 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 and for bein8 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 financlal statements that are free from material misstatement, whether due to fraud or error. In preparin8 the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing. a5 applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Page 11
Report of the Independent Auditors to the Members of The Mount Camphill Community Ltd Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {UK} will always detect a material misstaternent when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, and instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, includln8 fraud. The extent to whlch our procedures are capable of detectin8 irre8ularities, Including fraud is detailed below: the charity's internal controls have been discussed and understood prlor to our audit testin8. Internal controls have been tested through walkthrough testing, to assess whether controls are adequate, whether they are being followed, and whether irregularltles and fraud are prevented. deficlencies 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 minimlsed. representations have been provided by management that there were no identlfled cases of fraud or instances of non-compliance during or since the accounting period. substantive testing has been carried out to test the validity of transactions, with entries in the accounting System vouched to corresponding third party docurnentation and evidence of appropriate authorlsation. Because of the inherent limitations of an audit, there Is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance wlth a law or regulatlon Is removed from the events and transactions reflected In the financial statements, as 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 concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financlal Reporting Council's webslte at www.frc.or8.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Page 12
Report of the Independent Audltors to the Members of The Mount Camphill Community Ltd Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report. or for the opinions we have formed. Melanie Richardson BA{Hons> 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 Su55ex TN22 IQL Page 13
The Mount Camphill Community Ltd Statement of Financial Activities for the Year Ended 31 July 2024 2024 Total funds 2023 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENT5 FROM Donations and legacies 11,662 80,957 92,619 244,053 Charltable activities College income Cohousing income 2,031,356 1,326,668 2,031,356 1,326,668 1,515,365 1,085,827 Other trading activities Investment income 75.272 41,253 75,272 41,253 52.299 17,917 Total 3,486,211 80,957 3,567,168 2,915,461 EXPENDITURE ON Raising funds 7,108 7,108 18,294 Charltable actlvltles Staff costs Allocated support costs Governance costs 1,718,715 1,092,763 19,834 1,718,715 1,094,119 19,834 1,429,902 1,022,259 16,622 1,356 Total 2,838,420 1,356 2,839,776 2,487,077 NET INCOME Transfers between funds 647,791 128,989 79,601 {128,9891 727,392 428,384 19 Net movement In funds 776,780 (49,3881 727,392 428,384 RECONCILIATION OF FUNDS Total funds brought fonvard 4,363,143 182,915 4,546,058 4,117.674 TOTAL FUNDS CARRIED FORWARD 5,139,923 133,527 5,273,450 4,546,058 The notes form part of these financial statements Page 14
The Mount Camphill Community Ltd Balance Sheet 31 July 2024 2024 Total funds 2023 Total funds Unrestricted Restricted funds funds Notes FIXED ASSETS Tangible assets 12 3.350,099 3,350,099 3,319,454 CURRENT ASSETS Debtors Cash at bank and in hand 13 232,537 2.408,363 232,537 2,541,890 167,295 2,228,439 133,527 2,640,900 133,527 2,774,427 2,395,734 CREDITORS Amounts falling due within one year 14 1204,2141 1204,2141 1176,0501 NET CURRENT ASSETS 2,436,686 133,527 2,570,213 2,219,684 TOTAL ASSETS LESS CURRENT LIABILITIES 5,786,785 133,527 5,920,312 5,539,138 CREDITORS Amounts falling due after more than one year 15 1646,8621 (646,862) {993,080) NET ASSETS 5,139,923 133,527 5,273,450 4,546,0)8 FUND5 Unrestricted funds Restricted funds 19 5,139,923 133,527 4,363,143 182,915 TOTAL FUND5 5,273,450 4,546,058 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The fi ancial statements were approved by the Board of Trustees and authorised for issue on Z*..: of r(.1 .2025........ and were si8ned on its behalf by: Mr - Trustee The notes form part of these financial statements Page 15
The Mount Camphill Community Ltd Cash Flow Statement for the Year Ended 31 July 2024 2024 2023 Notes Cash flows from operatln8 actlvitles Cash generated from operations Interest paid 872,167 {23,1961 563,493 131,2501 Net cash provided by operating activities 848,971 532,243 Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Interest received 1222,1171 700 41,253 1341,1511 4,601 17,917 Net cash used In Investlng activities 1180,1641 1318,6331 Cash flows from financing actlvltles Loan repayments in year 1355,3561 1100,0131 Net cash used In flnancln8 actlvltles 1355,3561 1100,0131 Change In cash and cash equlvalents In the reportlng perlod Cash and cash equivalents at the beginning of the reporting period 313,451 113,597 2.228,439 2,114,842 Cash and cash equlvalents at the end of the reportln8 perlod 2,541,890 2,228.439 The notes form part of these financial statements Page 16
The Mount Camphill Community Ltd Notes to the Cash Flow Statement for the Year Ended 31 July 2024 RÉCONCILIATION OF NEf INCOME TO NET CASH FLOW FROM OPERATING AcnviTIES 2024 2023 Net income for the reporting period (as per the Statement of Financial Actlvltles) Adjustments for: Depreciation charges Loss/lprofit} on disposal of fixed assets Interest received Interest paid Foreign exchange movement Increase in debtors Increasel(decrease) in creditors 727,392 428,384 186,868 3,904 (41,253} 23,196 (11,827) (65,242} 49,129 183,936 13,3751 (17,917) 31,250 22,373 (12,6021 (68,5561 Net cash provlded by operations 872,167 563,493 ANALYSIS OF CHANGES IN NEf FUNDS At 1.8.23 Cash flow At 31.7.24 Net cash Cash at bank and in hand 2,228,439 313,451 2,541,890 2,228,439 313,451 2,541,890 Debt Debts fallin8 due within l year Debt5 falling due after l year {97,1881 1993,0801 20,965 346,218 176,223) 1646,862) 11,090,268) 367,183 1723,085) Total 1,138,171 680,634 1,818,805 The notes form part of these financial statements Page 17
The Mount Camphill Community Ltd Notes to the Financial Statements for the Year Ended 31 July 2024 ACCOUNTING POLICIES Basls of preparlng the financlal statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the U K and Republic of Ireland {FRS 1021 leffective l January 20191,, Financial Reportin8 Standard 102 'The Financial Reportlng Slandard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All Income is recognised in the Statement of Financial Activities once the charlty has entltlement to the funds, it is probable that the income will be received and the amount can be measured reliably, College and co housing Income comprlses amounts recelvable In respect of students and residents and is reco8nised on an accrua15 basis. Government grants Grants receivable a recognised when the charitable company has an entitlement to the funds and any conditions which are linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met. the income 15 recognlsed as a Ilablllty and Included on the balance sheet as deferred income to be released. Donated goods Goods donated for use by the communlty In carryln8 Out its activities are recognised as tangible flxed assets, with the corresponding gain recognised as income from donations within the Statement of Financial Activities. Donated goods held as tangible fixed assets are subject to depreciation and amortisation over their useful economic life and reviewed for indications of impairment at the balance sheet date. Expendlture Llabilities are recognised as expenditure as soon as 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 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 activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property Plant and machinery Motor vehicles Computer equipment 2.5% on cost 25% on reducin8 balance 25% on reducing balance 33% on cost Taxation The charity is exempt from corporation tax on its charitable activities. Page 18 continued...
The Mount Camphill Community Ltd Notes to the Flnancial Statements - continued for the Year Ended 31 July 2024 ACCOUNTING POLICIES - continued Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for partlcular restrlcted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is Included in the noles to the flnancial statements. Forelgn currencles Assets and liabilities in forel8n currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions In foreign currencies are translated into sterlin8 at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operatin8 result, Penslon costs and other post-retlrement beneflts The charitable company makes contributions to employees, personal pension schemes. Contributions payable are charged to the Statement of Financial Activities in the period to which they relate. DONATIONS AND LEGACIES Donations and legacies during the year were received as follow5: Unrestrlcted funds 2024 Restricted funds 2024 Total 2024 Total 2023 Regular giving and charitable donations Government grants 11,662 60,027 20,930 71,689 20,930 73.260 170,793 11,662 80,957 92,619 244,053 Page 19 continued...
The Mount Camphill Community Ltd Notes to the Financial Statements - continued for the Year Ended 31 July 2024 OTHER TRADING AcnviTIES 2024 2023 Events income Tuck shop income Social enterprlse sales Rental income 3,468 1,405 5,874 64,525 7,339 1,036 4,024 39,900 75,272 52,299 INVESTMENT INCOME 2024 2023 Deposit account interest 41,253 17,917 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 College income Cohousin8 income 2,031,356 1,326,668 1,515,365 1,085,827 3,358,024 2,601,192 EXPENDITURE ON CHARITABLE AcfiviTIES Support costs (see note 71 Dlrect Costs Totals Staff costs Allocated support costs Governance costs 1,718,715 1,718,715 1,094,119 19,834 1,094,119 19,834 1,718,715 1,113,953 2,832.668 Page 20 continued...
The Mount Camphill Community Ltd Notes to the Financial Statements - continued for the Year Ended 31 July 2024 SUPPORT COSTS Governance costs Management Finance Totals Allocated support costs Governance costs 1,067,946 14,624 11,549 19,834 1,094,119 19,834 1,067,946 14,624 31,383 1,113,953 The charity identifies the cost of the support and governance functions. These are apportioned with reference to the key charitable activities undertaken in the year. Support costs, Included In the above, are as follows: Finance 2024 Allocated support costs 2023 Total actlvitles Bank charges Foreign exchange gains/losses Bank loan interest Loan 3,255 {11,8271 8,539 14,657 2,843 22,373 13,430 17,820 14,624 56,466 Governance costs 2024 2023 Allocated support costs Governance costs Total activities Total activltles Trustees, expenses Auditors, remuneration Legal fees 3,939 7,610 3,939 7,610 19,834 1,164 7,100 16,622 19,834 11,549 19,834 31,383 24,886 Page 21 contlnued...
The Mount Camphill Community Ltd Notes to the Financial Statements - continued for the Year Ended 31 July 2024 NET INCOMEIIEXPENDITURE) Net income/lexpenditurel is stated after char8in81{creditin81: 2024 2023 Audit of the accounts Depreciation - owned assets IDeficitl/surplus on disposal of fixed assets 7,610 186,868 3,904 7,100 183,936 13,375) TRU5TEES' REMUNERATION AND BENEFITS During the year the charitable company paid personal expenditure on behalf of trustees as follows: Total 2024 Total 2023 Mr A Vestrlnl 7,828 6,160 7,828 6,160 During the year the charitable company made trustee pension contributions as follows: Total 2024 Total 2023 Mr A Vestrini 5,139 5,003 5,139 5,003 The above transactlons have been made to Trustees as Co-workers, separate to their trusteeship, under the legal authority of the charltable company's Memorandum and Articles of Association. Trustee5' expenses 2024 2023 Trustees, expenses 3,939 1,164 Page 22 continued...
The Mount Camphill Community Ltd Notes to the Flnancial Statements - continued for the Year Ended 31 July 2024 10. STAFF COSTS 2024 2023 Wages and salaries Social secu rity costs Other pension costs 1,508,811 112,841 97,063 1,254,746 79,676 95,480 1,718,715 1,429,902 The average monthly number of employees during the year was as follows: 2024 51 2023 45 Employees No employees received emoluments in excess of £60,. 11. COMPARATIVE5 FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donation5 and legacies 28,437 215,616 244,053 Charitable activities College income Cohousin8 income 1,515,365 1,085,827 1,515,365 1,085,827 other tradin8 actlvltles Investment income 52,299 17,917 52,299 17,917 Total 2,699,845 215,616 2,915,461 EXPENDITURE ON Raising f unds 18,294 18,294 Charitable activities Staff costs Allocated support costs Governance costs 1,429,902 1,007,119 16,622 1,429,902 1,022,259 16,622 15,140 Total 2,471,937 15,140 2,487,077 NET INCOME Transfers between funds 227,908 122,509 200.476 1122,5091 428,384 Net movement in funds 350,417 77,967 428,384 Page 23 continued.
The Mount Camphill Communlty Ltd Notes to the Financial Statements - continued for the Year Ended 31 July 2024 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIE5 - contlnued Unrestricted Restricted funds funds Total funds RECONCILIATION OF FUNDS Total funds brought forward 4,012,726 104,948 4,117,674 TOTAL FUNDS CARRIED FORWARD 4.363.143 182,915 4,546,058 12. TANGIBLE FIXED ASSETS Freehold property Plant and machinery Motor vehicles Computer equipment Totals COST At I Au8USt 2023 Additions Disposals 5,365,175 151,198 479,088 30,524 15,7091 129,750 31.250 13,3491 62,838 9,145 6.036,851 222,117 119,OS8) At 31 July 2024 5,516,373 503,903 147,651 71,983 6,239,910 DEPRECIATION At l August 2023 Charge for year Ellminated on disposal 2,213,586 134,349 389,646 24,171 {4,7031 73.446 17,260 9,7511 40,719 11,088 2,717,397 186,868 114,4541 At 31 July 2024 2,347,935 409,114 80.955 51,807 2,889,811 NET BOOK VALUE At 31 July 2024 3,168.438 94.789 66,696 20,176 3,350,099 At 31 July 2023 3,151,589 89,442 56,304 22,119 3,319,454 Page 24 contlnued...
The Mount Camphlll Community Ltd Notes to the Financlal Statements - contlnued for the Year Ended 31 July 2024 13. DEBTOR5: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Prepayments and accrued income 163,175 2,387 66,975 103,106 55 64,134 232.537 167,295 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 16) Other loans {see note 16} Trade creditors Social security and other taxes Other creditors Accruals and deferred income 21,072 76,116 28,446 16,452 8,368 25,596 76.223 60,086 24,838 6.438 36,629 204,214 176,050 15. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2024 2023 Bank loans {see note 161 Other loans {see note 161 256,469 736,611 646,862 646,862 993,080 16. LOANS An analysis of the maturity of loans is given below: 2024 2023 Amounts falling due within one year on demand: Bank loans Other loans 21,072 76,116 76,223 76,223 97,188 Amounts falling between one and two years: Bank loans- 1-2 years Other loans- 1-2 years 22,501 77,650 77,760 77,760 100,151 Page 25 continued..
The Mount Camphill Community Ltd Notes to the Flnancial Statements - continued for the Year Ended 31 July 2024 16. LOANS- contlnued 2024 2023 Amounts falling due between two and five years: Bank loans- 2-5 years Other loans- 2-5 years 76,956 242,463 251,241 251.241 319,419 Amounts falling due in more than five years- Repayable by instalments". Bank loans more S yr by instalments Other loans more 5yrs instalments 157,012 416,498 317,861 317,861 573,510 Other loans relate to a concessionary loan upon which interest is charged at a rate of 2% per annum. This loan is 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 charitable company's freehold properties and a floatin8 char8e over all other property. 17. LEASING AGREEMENTS At the balance sheet date the charitable company had total commltments under operatlng leases of £3,078 (2023: £4,197). 18. SECURED DEBTS The following secured debts are included within creditors: 2024 2023 Bank loans Other loans 277,541 812,727 723,085 723,085 1,090,268 Bank loans totallin8 £nil12023: £277,541} are secured by way of a mortgage over certaln of the charitable company's freehold property. Other loans of £723,805 {2023: £812,727) are secured by way of a legal charge over Pond House, another of the charitable company's freehold properties. Pa8e 26 continued...
The Mount Camphill Community Ltd Notes to the Financial Statements - continued for the Year Ended 31 July 2024 19. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.7.24 At 1.8.23 Unrestrirted funds General fund Building maintenance and sustainability reseNe Friends of the Mount 4,247,467 639,812 132,077 5,019,356 i(x),000 15,676 loo,000 20,567 7,979 13,0881 4,363,143 647,791 128,989 5,139,923 Restricted funds ESFA 16-19 Bursary fund ESFA Devolved formula capital fund ESFA Schools condition allocation fund Pond House/cohousln8 development fund Other restricted funds Pond House Boardwalk fund Pond House Landscaping fund Carbon Foodprint Reduction project Minibus Appeal fund 30,602 16,324 14,434 1,672 17,902 32,274 34,226 {14,434} 38,491 1,139 13,750 56,175 12,000 5,000 3,327 (43,4911 11,1391 113,7501 156,1751 3,327 12,000 51,700 51,700 182,915 79,601 1128,9891 133,527 TOTAL FUNDS 4,546,058 727,392 5,273,450 Page 27 continued...
The Mount Camphill Community Ltd Notes to the Flnancial Statements- continued for the Year Ended 31 July 2024 19. MOVEMENT IN FUNDS- continued Net movement in funds, included In Ihe above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund Friends of the Mount 3,478,232 7,979 12,838,420) 639,812 7,979 3,486,211 12,838,420) 647,791 Restrlcted funds ESFA 16-19 Bursary fund ESFA Devolved formula capital fund Pond House/cohousing development fund Other restricted funds Minibus Appeal fund 3,028 17,902 11,356) 1,672 17,902 5,000 3,327 51,700 5,000 3,327 51,700 80,957 11,3561 79,601 TOTAL FUNDS 3,567,168 12,839,776) 727,392 Page 28 continued..
The Mount Camphill Community Ltd Notes to the Financlal Statements - continued for the Year Ended 31 July 2024 19. MOVEMENT IN FUNDS- contlnued Comparatives for movement In funds Net movement in funds Transfers between funds At 31.7.23 At 1.8.22 Unrestricted funds General fund Building maintenance and sustainability reserve Friends of the Mount 3,912,726 212,232 122,509 4,247,467 loo,000 loo,000 15,676 15,676 4,012,726 227,908 122,509 4,363,143 Restrlcted funds ESFA 16-19 Bursary fund ESFA Devolved formula capital fund ESFA Schools condition allocation fund Pond House/cohou5ing development fund Other restricted funds Pond House Boardwalk fund Pond House Landscaping fund Carbon Foodprint Reduction project 27,849 19,635 5,573 2,753 16,908 795 30,602 16,324 14,434 (20,2191 8,066 51,891 96,277 1,818 13,750 56,175 12,000 (109,6771 16791 38,491 1,139 13,750 56,175 12,000 104,948 200,476 (122,5091 182,915 TOTAL FUNDS 4,117,674 428,384 4,546,058 Page 29 continued...
The Mount Camphlll Communlty Ltd Notes to the Flnancial Statements- continued for the Year Ended 31 July 2024 19. MOVEMENT IN FUNDS. continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund Friends of the Mount 2,684,169 15,676 12,471,937) 212,232 15,676 2,699,845 (2,471,937) 227,908 Restrlcted funds ESFA 16-19 Bursary fund ESFA Devolved formula capital fund ESFA Schoo15 condition allocation fund Pond House/cohousing development fund Other restricted funds Pond House Boardwalk fund Pond House Land5capin8 fund Carbon Foodprint Reduction project 2,753 16.908 14,435 2,753 16,908 795 113,6401 96,277 1,818 13,750 57,67S 12,000 96,277 1,818 13,750 56,175 12,OLX) (1,5001 215,616 115,1401 200,476 TOTAL FUNDS 2,915,461 {2,487,0771 428.384 The ESFA 16 to 19 Bursary Fund provides financial support to help students overcome the specific financial barriers to participation they face, so they can remain in education. Bursaries are based on financial hardship and factors limiting access to education. The ESFA Devolved Formula Capital is direct funding for individual institutions to maintain their buildin85 and fund small scale capital projects. The ESFA School Condition Allocation should be prlorltlsed in keeplng school bulldlngs safe and In good worklng order by tackling poor bulldlng condltlon, buildin8 compliance, energy eff iclency, 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. The Pond House Boardwalk and Pond House Landscaping funds are for the improvement of the external space of Pond House. The Carbon Footprint Reduction project is donations received in the year specifically for carbon footprint reduction at the Mount premises. Page 30 continued.
The Mount Camphill Community Ltd Notes to the Financlal Statements - Continued for the Year Ended 31 July 2024 19. MOVEMENT IN FUNDS-continued Other restritted funds represent monies raised for the purchase of one off items. In 2024 this includes fundraising for an outdoor Trim Trail to promote physical fitness and wellbeing. The aim is to raise £35,000 for equipment like balancing, climbing, and swinging apparatus. The Minlbus Appeal funds are for the purchase of a replacement vehicle. The aim was to raise £65,000 to cover the cost of the new vehlcle and driver training for staff. The target was achieved and the new vehicle was purchased in December 2024. Transfers between funds Transfers between funds have been made In respert of capital expenditure incurred using restricted funds for restricted purposes. Assets which are purchased using restricted funds which are then held for general rather than restricted purposes have been transferred from restrlcted to unrestricted funds. 20. CAPITAL COMMITMENTS 2024 2023 Contrarted but not provided for in the flnanclal statements 36,682 21. RELATED PARTY DISCLOSURES There were no related party transattions for the year ended 31 July 2024. Page 31