Company Regi8tratlon Number: 00497029 Charity Number: 307104 THORNLEIGH CAMPHILL COMMUNITIES LIMITED COMPANY LIMITED BY GUARANTEE TRUSTEES, REPORT AND FINANCIAL STATEMENTS 30 JUNE 2024 THORNLEIGH CAMPHILL COMMUNITIES LIMITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 CONTENTS PAGE Reference & administrative information Report of the Board of Trustees (including strategic report) Independent auditor's report 9-12 Statement of financlal aclivlties (Incorporating the income and expenditure accounll 13 Balance sheel 14 Statement of cash flows 15 Notes lo the financial statements 16-28 THORNLEIGH CAMPHILL COMMUNITIES LIMITED REFERENCE & ADMINISTRATIVE INFORMATION YEAR ENDED 30 JUNE 2024 Registered office Thornbury Park Park Road Thombury Bristol BS35 1HP Trustees A Nowlan l Bailey D Barnett (appointed 10 April 2024) G Snell N Tindalg (appoinled 10 July 2024) J Southcombe Cheir Chief Exacutiva Officer8 C Bradshaw. N Sialelli (resigned 29 September 2023) and J Davey {appointed 27 November 2023, resigned 3 June 2024) Auditors Burton Sweet Llmlted The Clock Tower 5 Farleigh Court Old W8slon Road Flax Bourton Bristol 8S48 1 UR Bankers National Westminster Bank plc PO Box 1081 16 The Plain Thombury 8ristol BS35 2NU THORNLEIGH CAMPHILL COMMUNITIES LIMITED REPORT OF THE BOARD OF TRUSTEES (INCLUDING STRATEGIC REPORT) YEAR ENDED 30 JUNE 2024 OBJECTIVES AND ACTIVITIES The Board of Trustees present their report and the financial staleTnents for the year ended 30 June 2024 which are also prepared to meet Ihe requirements for a dlr8Ctors' reporl and accounts for Companies Act purposes. The financial statements (x)mply With Ihe Charities Act 2011. Ihe Companies Act 2006 and the Stalam8nt of Recommended Practice application to charities preparlng their accounts in accordance with the Financial Reporting Standard 102 (FRS102). Objects The Memorandum of Association defines the objects of Thomleigh Camphill Communities Llmlled ("TCC" or he charily") as follows: "The charity's objects ar8, for the public benefit, lo (11 relleve slckness, promote good health. provide care to and advance the educalion ané tralning of: people wilh a disability (whèther menlai or physical), the young, the old, or people otherwisè in need. in accordance with the princlples of Dr Rudolf Steiner (as summarised in the Appendix to this Memorandum), particularly (without limilationl by the 8slabiishment and m8inl8nance of communities in the form of villages, residential houses, day c8ntres, klndergartens, schools, colleges or other types of social andlor educational community, in which beneficiaries live andlor work andlor to which th8y otheNise resort, in community wllh p8rsons providing support, and12) to advance educatlon and promote health, particularly through promoting research (making Ihe useful results publicly available). The Appendlx referred to articulates the principles formulated by the Auslrlan philosopher. Dr Rudolf Steiner, about many aspects of daily life including social life. 8conomic life, agriculture. horticulture, art, medicine, linance and religion. Change In the Tru8tOe8' Strategy during the y•ar TCC aims to do this by Ihe establishment and maintenance of communi118s where the beneficiaries live, leam and work in the community with Ihose providing the support. The charity endeavours lo provide a wide range of services to pupils and adults with special needs where the individuality ol aach person can be fully expressed. During the year to 30 June 2024, for reasons detailed below. the Twstees decided to cease providing educational services for children, and th8r8fore commenced the process of closing TCC'S School (Shelling School, Thornburyl. Thus, whilst TCC'S main obj8ctives remain the provision of support, care and education to all benefi'ciaries, after 31 August 2024 these beneficiaries no longer include school children. The Charity continues to plan ahead to ensure that the ch8nging ne8ds of those it supports can be mel in the future. Publlc Benoflt The Trustees have considered the guidance issued by the Charities Commission regarding Public Ben8fit and are satisfied that the objects and activities of the charity are for the public benefit, in Ihe areas of relieving sickness, promoting good heallh, providing care to and advancing the education and Iraining of people with a disability. This can be evidenceé by Ihe continued high number of relerrals from Local Authorities and families. Relationshlps wlth other charitable and non-charltablo organlsatlons Until 23 April 2024 one property at th8 Hatch and one properly al Orchard Leigh were owned by HARC Housing Association Limited ('HARC"). TCC has had a longstanding contractual relationship with HARC whereby the two companies jointly manage these two properties. HARC'S activities related solely to these Iwo prop&rties. Two TCC Trustees IA Nowlan and G Snell) and one employee IC Bradshaw) are Trustees ol HARC,. Ihere is one other independent Truste& of HARC. On 23 April 2024 these two properties were transferred (donated) to TCC and Ihe conlradual relationship wilh HARC ceased. THORNLEIGH CAMPHILL COMMUNITIES LIMITED REPORT OF THE BOARD OF TRUSTEES (INCLUDING STRATEGIC REPORT) YEAR ENDED 30 JUNE 2024 Apart Irom its foTmer relationship wilh HARC, TCC is autonomous with regards to day-to-day operations and all finanoal matters. However, il benefits from the membership of andlor a close working association with many associations of charitable bodies. regulators, and central and local govemmental departments. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document TCC is a company limited by guarantee. not having share capital and is registered as a charity under the Charities Act. In the event of this company being wound up members are requir8d to contribut8 an amount not exceeding £1. The company is govemed by its Memorandum and Articles of Association, Organi8atk+nal structur• TCC is a member of the Association of Camphill Communities, sharing its inspiration with the Camphill Movement which has links to over one hundred centres worldwid8, all caring for children or adults wilh addilional support or mental health neéds. The Movement was founded in 1940 by Dr Karl Konig, an Austrian paediatrtcian, who with his co-founders developed a mutually-supportive model for community life basad on the principles of the lat8 Dr Rudolf Steinels11861-1925) philosophy called Anthroposophy. Based on this philosophy. the charity support8 individuals (regardless of their background. identity or circumstances) in all aspects of their life including physical health, spiritual and emotional wellbeing, and education. In provldlng community lrfe the individual needs are mutually respecled within a therapeutic environment. Until 31 August 2024 the charity's ojmmunities comprised a residenti818nd day special school (Shailing School) and two adult communities (The Hatch and Orchard Leigh, known as the Life Communities). Shelling School closed on 31 Augusl 2024. Govornance The Trustees are legally responsible for the govemance and control of TCC. The Board of Trustees ('th8 Board.) met six times in the year and the Annual General Meeting (°AGM") was held in December. Five of the Trustee meetings were face-to-face. and one was online. The Truslees also maintained a high level of regular contact with each other and with the charity's CEOS. and attended specrfic meetings as mandated by the Board in order to represent Iruslee Interests In appropriala forums. During the year there were two sub-groups which reported into the Board. The School Govarnors, who until 15 February 2024 had certain delegated powers for the governance of the School. The Life Communities Group, which until 30 June 2024 had certain delegated powers for the governance of both The H8tch and Orchard Leigh. Appropriate terms of referenc8 for both groups were in plac6. Othar temporary working groups 8re set up from time to time, The day-to-day management of the activitles of Ihe Life Communities Group are delegated to the Life Communities Chief Executive Officer. who is assisted by a specialised managament t8am. This individual is now the charity's only key manager. Her remuneration is set by reference lo the remuneration of chief executive officers working in comparable roles within other life communities. Until 3 June 2024 a similar arranggment was in place for the Schod, with day-to-day management delegated to the School Chief Executs've Officer. THORNLEIGH CAMPHILL COMMUNITIES LIMITED REPORT OF THE BOARD OF TRUSTEES (INCLUDING STRATEGIC REPORT) YEAR ENDED 30 JUNE 2024 Trust88s are drawn from members of Ihe local community, past and present parenls, professionals wilh speciallst knowledge, and people worklng In anthropo$ophi¢ai 8nd other establishments wlth Similar aims and oblectivas lo TCC. They are selected on the basis of thelr range of skills and experiences, appointed by a vole of the Board, bul their appointment must subsequently be rallfied at the AGM. One third ofthe Board put Ih8rns8lves forward for re-election at each AGM in rotation. All Trustees are members of the charlty. No Trustee has any beneficial Interest In th8 charity. An induction pad(, including a role descripllon. is giV8n to each Trustee on appolntment for the purposes of induction and Iralnlng. Fundralslng In th8 year ended 30 June 2024 Ihe charlty continued Its policy of not soliciting funds from members of the general public. The Charity's normal fundraising was limited lo small-sca18 events for famllies, friends and the local communilles held at The Hatch. The charity has received no complalnls about its fundraislng activlts'es. Risk Revlew The Trustees have overall responslbilily for assessing the risks faced by the charity and its residents, puplls, staff and volunteers and they have assessed the major risks to which Ihese parties are exposed. The Trustees are satisfied Ihat systems are in place lo mitigate exposure to these risks. They maintain a Risk Register idantifylng v8rlous risks set against control and miligalion procedures. The main risks for the charity during the year related 1¢ the levels of public funding available from local aulhorilies for residents and pupils, and the risk of a deterioration in rating received from the C8r8 Quality Commission ("CQC"l or the Office for Standards in Education {"Ofsted"l inspections, notwilhslanding the charity's aim to conlinue lo provide high quality care and education seNices. Related to the first of these major risks, the Trustees also considered that the risk associated with the recruitment and retention of staff for both the School and the Life Communities ￿Mained high. There is a serious mis-malch between the pay levgls required for successful recruitment and retention and the pay levels inher8nt in the public funding available. After the closure of the School on 31 August 2024 the above factors remain risks for the Life Communities but not for the School. The charity's sole remaining risks in r&lation lo the School relate to the possibility of unknown historical liabilities.. Ihe Trustees believe thal these risks are very low, These. and other risks, are managed by the charity using a variety of controls. The key controls include bul are not limited to.. annual reviews of support plans for all residents., careful assessrnenls of possible new residents., maintenance of an appropriaté balance between the numbers of r8sidenls and staff ing levels., th8 supeNision and motivation of all slaff., management accounting and reporting against agreed budgets- organisalional structure, with terms of referenG8 for all Su￿groUps, and job roles defined: fonnal agendas and minutes for all Board, sub-group. and management meelings. formal detailed policies and prO￿dUres. velting procedures as required by law for the protection of vulnerable people., regular monitoring visits made by Trustees. THORNLEIGH CAMPHILL COMMUNITIES LIMITED REPORT OF THE BOARD OF TRUSTEES (INCLUDING STRATEGIC REPORT) YEAR ENDED 30 JUNE 2024 ACHIEVEMENTS AND PERFORMANCE A heartf81t thank you is extended lo ihose who have helped us to sustain the charity. We thank all residents, pupils, staff, volunteers, families and friends. together with the therapists, activity providers, training provid8rs and local businesses who have helped us. Shelllng School, Thornbury Since 1952 Shelling School has suc￿sSfUllY nurtured and educated many generations of children with special educatlonal needs. In March 2024 il was wilh great r8gr8t that the Trustees wncluded Ihat they should consult slaff to start the process that ended with the closure of the SchcKJI and its associated children's home in August 2024. During this process the School's Chief Ex8CUtive Officer kept parenls and relevant Local Authorltlas informed ab￿1 the situation. to tha èxtènl allowed by the statulory consultation with staff. In addition the Trustees kept the Charity Commission informed about the slgnificanl change proposed to the charily's operats'ons. Tha Charity Commission raised no concems or question8. There were long-tem) strategic and immediate financial reasons for the Trustees. decision. Provision of special needs education in the UK has changed significantly in recent years, and ihere are several factors that comblne to wèak8n the strategic viability of small independent schools such as Shelling School, These include a misalignment between such schools, educalional 8pproach and that now requlred by commissionèrs and regulators, an educational and staffin9 model Ihat results in a level ol costs no longer accepiable to ornmissioners, local authorilies, promotion of new larger special educational needs schools, and forthcoming changes in Governmenl policy in relation to such independent schools. In addition, Shelling School was facing two very severo financial constraints. An increasing deficil, projected to be £0.9 million in 2024125 if the School were to continue, and the need to Invest al least £1.2 milllon In the School's buildings in order to ensure Its continuing operation, The Trustees therefore conclud8d that TCC should withdraw from the provision of special needs education, in order lo protect the finances of the charity and the operations of the Life Communities. Th• Llh Communities-The Hatch and Orchard Lelgh The Hatch and Orchard Leigh provide supported living services and day placement opportunities to adults with additional support neads. The Hatch and Orchard Leigh are registered wilh and inspected by the CQC as Supported Living Services providing the regulated 8Ctivity of personal care. The Hatch is situated in the town of Thornbury and Orchard Leigh in Eastinglon, Stroud. Due to their locatlons bolh communities are able to offer the convenience of town life along with a tranquil, therapeutic, wral environment where people can Interact independently within 8 SUPPOrtive community settlng. The Lif8 Communities main achievem•nl has b88n the continued provision of homes, supported living, and day placement aclivities for residents. all within the supportsve and enabllng environment provided by the two C8mphill Communities. Other achlevomenls against short term objectives includ6: during and since the pandemic CQC has limited its inspections to providers il considers lo bo at risk. Their inspections have not included the Hatch or Orchard Leigh, In the meantime, the Hatch retains its rating of "good" following CQC'S inspection in July 2019 and Orchard Leigh retains ils rating of °good- following CQC'S inSp￿tion in September 2018 (bolh with exlrernely complimentary reports)., maintaining the continued high quality of supporl, cultural life. and spirftual life for our residents, commensurate with our target of achieving ratings of"good° or "oulstanding. when CQC inspections resume., THORNLEIGH CAMPHILL COMMUNITIES LIMITED REPORT OF THE BOARD OF TRUSTEES (INCLUDING STRATEGIC REPORT) YEAR ENDED 30 JUNE 2024 maintaining a high quality of accommodation for residents by continuing our full programme of property Maintenan￿ and renovation: mainlaining the governance of the Life Communities in such a way that the residents continue to be directly involved. During 2021122 a major building at Orchard Leigh was closed due to subsidance, with the r&sidents and staff affected b8ing successfully relocated lo other buildings in the communily. In 2022 the Trustees concluded that, even if il were repaired. this building would be inappropriate lor r8sldents in the future. Subsequently further investigations and developments have had a signiflcant impact upon the Truste8s' strategy for the Life Communilies. 11 has become increasingly impractical and inefficient to run a range of worf. Company law requires the Trustees to prepare financial statements for each fi'nancial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of Ihe charitable company for Ihal period. In preparing these financial statements, the Trustees are required to: select sui18ble accounting pollcies and then apply them consistently make judgement3 and ac￿untIng estimates that are reasonable and prudent stale wheiher applicable UK Accounting Standards have been followed. subject lo any malerial departures disclosed and explained in thè financial slatemenls prepare the flnancial statements on the going concern basi5 unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure Ihal the financial stalemenls comply with the Companies Act 2CM)6. They are also responsible for safeguarding Ihe assets of the charitable company and h8nce for taking reasonable sleps for the prevention and detection of fraud and other irregularities. In so far as the Trustees a￿ aware: Ihere Is no relevant audit information of which Ihe charitable company's auditors are unaware the Twslees hav8 taken all steps thal they ought to have taken to make themselves aware of thal information. AUDITOR The Trustees will submit a resoluts'on to the n8xt AGM that Burton Sweet be re-appointed under section 487(21 of the Companies Act 2006. The Irustees. report (including the strategic and directors report) is authorised for issue on . and signed on behalf of the Trustees by.. Ld OA A Nowlan Chair of Trustees G Snell Trustee and Treasurer THORNLEIGH CAMPHILL COMMUNITIES LIMITED INDEPENDENT AUDITOR'S REPORT YEAR ENDED 30 JUNE 2024 Independent audltor's r•port to tho members of Thornl•igh Camphlll Communttles Llmlted Oplnion We have audited Ihe finanlial statements of Thornleigh Camphill Communities Limitad (thè "Chariv) for the year ended 30 June 2024 which wmprise the Statement of Financlal Aclivlties, the Balance Sheet, the Cash Flow Statement and notes lo the financial statements, including a summary of significant accounting pollcies. The financial reporting frameworff that has been applied in their preparation is applicable law and Unit8d Klngdom Accounts'ng Standards, induding Financial Reporting Standard 102.. The Finanaal Reporting Standard appAicable in the UK and Republic of Ireland (United ￿'ngdoM Generally Accepted Accounting Practs'ce), In our opinion, the flnanclal statemenls: givè a true and fair view of the slat8 of the Charity's affairs as at 30 June 2024 and of its income and expendlture for ihe year then ended. have been properly prepared in accordance wlth United Kingdom Generally Accepted Accounting Practice., h8ve been prepared In accordance with the requirements of the Companies Act 2006. Baslg for oplnion We conducted out audit in accordance with international Standards in Audlting (UK) {ISAs (UK)) and applicable law. Our responsibilltles under those standards are further described in the Auditorfs responsibilrties for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial slatemenls in the UK. Including the FRC'S Ethical Standard, and we have fulfilled our other elhical responsibilities in accordance with these requirements. We believe thBI the audil evidenca wè have obtained is sufficlent and appropriate to provid8 8 basis for our opinion. Conclu8lons relallng to golng concern In auditing the financial statements, we have concluded that the directors, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Bas8d on the work we have performed, we have not idenlified any materlal uncertainties relating lo events or conditions Ihal, individually or collectively. may cast significant doubl on the charily's abilily to continue as 8 going concern for a pèriod of 81 least Iwelve months from when the financial statements are authorlsed for issue. Our responsibilities and Ihe responsibilities of the directors with respect lo going concem are described in the relevant sections of Ihis report. Other Inft)miallon The trustees are responsible for the other infomation. The other information comprises the information included in the annual rgport other than th8 financial statements and our auditorfs report thereon. Our opinion on the financial siatements does not cover the other information and. except to the 8Xtent otherwise explicitly staled in our reKK)rt. do not express any form of assurance conclusion thereon. In connection with our audit of th8 financial statements, our responsibility is to read the other infomalion and, in doing so, consider ￿ether the other information is materially inconsistent with Ihe financial stalements or our knowledge obtain8d in the audit or other44ise appears to be materially misstated. If we identify such THORNLEIGH CAMPHILL COMMUNITIES LIMITED INDEPENDENT AUDITOR'S REPORT YEAR ENDED 30 JUNE 2024 malerial inconsistencies or apparent mat8rial mlsslalements. we are requlred lo delermine whether there 15 a material misstatement in the financial slalements or a material misstatement of th8 other inform81ion. If based. on the work we hav8 performed, we ￿nclUde that there Is a material misslatemenl of thls other information. we are required lo report the fact. We have nothing lo reporl in this regard. Oplnlons on other matters pr•$crlbed by the Companl•s Act 2006 In our opinion, based on the work undertaken in the ccmjrsè of the audit.. the information given in th8 Iruslees. report (incorporallng the strategic report and directors. report> for the financial year for which the financial statements are prepared is conslstenl wilh Ihe financial slatem8nts,' and the strategic report and (*re¢tors' report have been prepared In accordance wlth applicable law requirements. Matters on whlth we arg requlred to roport by •xc•ptlon In the light of our knowledge and understanding of the ¢haritabl8 company and ils environment obtaln&d in th6 course of the audit. we have not idenlified material misslalements in Ihe directors. report. We have nothing lo ￿pOrt In respect of the following matters in relation to which the Compani8s Act 2006 requires us lo report to you if, in our opinion.. adequate accounting records have not been kepl, or returns adequate for our audil have not been received from branches not visited by us., the financial slalemenls are not in agreement with the accounting records and returns,. certain disclosures of Irust88s' remuneration speclfied by law are not made; or we have not obtained all the infomiation and explanations necessary for the purposes of our audit,. or Responsibllltl•s of trustees As explained more fully in the trustees. responsibilities statement. the Iru5te85 are responsible for the preparalion of the financial stalemenls and for baing satisfied that they give a Irue and fair view, and lor such internal control as they determine is necessary lo enable Ihe preparation of financial slatemenls Ihal are free from material misstatement. whelher due to fraud or error. In preparing the financial slalemenls, the trustees are responsible for assesslng the Charlty's ability lo continue as a going concern, disclosing, as applicable. matters related to going concern and using Ihe going concern basis of accounting unless the trustees either inlend lo liquidate the Charily or to C8ase operations, or have no realistic all8rnalive but to do so. 10 THORNLEIGH CAMPHILL COMMUNITIES LIMITED INDEPENDENT AUDITOR'S REPORT YEAR ENDED 30 JUNE 2024 Audltor's rnsponsibilitles for thg audlt of the flnanclal Statements Our obiedives are lo obtain reasonable assurance about whether the financial stal8m8nts as a whol8 a￿ free from material misslaiement, whether due to fraud or error. and to issue an audilor's report Ihal includes our opinlon. R8asDnable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always d8tect a material misslatement when it exists. Mlsstateménts can arise from fraud or error and are considered material if, individually or in the aggregat8, they could reasonably be expected to influence the economic decisions of users taken on the basis of Ihese financial statemenls. Our approach to identifylng and assessing the risks of material misstatemanl in respect of irregularities, including fraud and non-compliance wlth laws and regulations, was as follows.. we identified the laws and regulations applicable to the charity through discussions with those charged with governance and olher managemenl, and from our knowledge and experience of the sector. we focused on specific laws and regulations which we considered may have a direct material effect on the financlal statèménts of the operations of the company. indudin9 the Companies Act 2006, taxation legislation and data protection, anti-bribery, employm8nl, pensions, environmental and health and safely legislaticn; and we assessed the extent ol compllanc8 wilh th8 laws and regulations idenlified above through making enquiries of managemenl, inspecting legal correspondence and remaining alert during tha audil for any indlcatlons of non for the year This is stated after charging.. 2024 2023 Depreciation Auditorfs remuneralion 211,884 19.178 4,062 5.965 340 200,554 15,704 4,049 2,689 572 - for audlt services for accounts preparation and other services Trustees, insurance and meeting costs Trustee travel expenses one trustee {2023.' one) 11 Staff costs and number8 The aggregate payroll costs were.. 2024 2023 Wages & salaries Social security costs Pension contributions Redundancies 4,490,679 367,626 98,356 166,589 4,190,362 363,376 97,681 5,123,250 4,651,419 The number of employees whose total employment benelits (excluding employerfs national insurance contributions and employer pension costs) for the year were in excess of £60,000 fall within the bands as follows,. 2024 2023 £60.000 - £69,999 £70.000 - £79,999 Employment benelits (inclusive of employerfs national insurance contributions and employer pension costs) received by key management personnel and the spouses of key management personnel in the year totalled £238.894 (2023.. £225,406). The average number of employees during the year, calculaled on the basis of average head count, was as follows.. 2024 No. 2023 No. Life Communities School 129 90 123 97 219 220 22 THORNLEIGH CAMPHILL COMMUNITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 12 Taxatlon No provision is made for corporation tax, as the charity is able to claim full statutory exemption subject to the proper application of all its charitable resources. 13 Comparatlve Statement of Flnanclal Actlvltles Unrestrlcled funds Dlscontlnued Contlnulng Operallons Operatlons Restrlcted Total funds funds 2023 Restated Income from: Donatlons Charitable activilies Other trading activities Investments Other income 477 3,143.640 2,113 8,127 10.696 2.922.876 4.732 7.523 2,621 11,173 6,066,516 6,845 15.650 2,621 6,102,805 Total Income 3,154,357 2.948,448 Expendlture on: Raising funds Charitable activities 1,623 3,423,689 19,787 3,234,665 21,410 8.658,354 6.679,764 Tolal expendlture 3,425,312 3,254,452 Not Incomel(expendlture) and not movemant In funds (270.955) {306.004) (576,959) Roconclllatlon of funds Total funds brought forward 2,100,161 2,831,253 8,925 4.940,339 Total funds carrled forward 1,829,206 2,525,249 8,925 4,363.380 23 THORNLEIGH CAMPHILL COMMUNITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 14 Tanglble flxed assets Vehlcles, plant & machlnary Land and bulldlngs Flxtures & flttlngs Computer aqulpmenl Total Cost At 1 July 2023 Additions Donated land and building At 30 June 2024 5,071,629 117,334 910,836 987,751 70,334 125,033 15,008 229,088 5,883 6,413,501 208.559 910,836 6,099,799 1,058,085 140,041 234,971 7,532,896 Depreclatlon At 1 July 2023 Charge for the year 3,039,672 87,315 476,492 92.556 63,913 16,456 193,425 15,557 3,773.502 211,884 At 30 June 2024 3,126,987 9,048 80,369 208.982 3,985.386 Net book value At 30 June 2024 2.972,812 489,037 59,672 25,989 3.547,510 At 30 June 2023 2,031,957 511,259 61.120 35,663 2,639,999 During the year HARC Housing Association Ltd donated two properties (Wheatenhurst and St John's Lane) to the charity. 15 Stock 2024 2023 Stock 1,000 1,000 1,000 1,000 16 Debtors 2024 2023 Tradè deblors Other debtors Prepayments and accrued income 197.271 4,653 184,932 550,029 4,570 171,725 386,856 726,324 24 THORNLEIGH CAMPHILL COMMUNITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 17 Credltors: amounts falllng due wlthln one year 2024 2023 Trade creditors PAYE and social security Other creditors Accruals and deferred income 177.485 160.993 50,281 56.250 699,035 45,355 495,000 717,840 966.559 Income related to future periods is defe￿d until the service is provided. Deferred income from local authority funding, relating to the charity's core charitable activities, is represented as follows: 2024 2023 Deferred income balance at stsrt of period Amount released to income eamed from charltable activities Amounl deferred In the period 538,071 600,053 (538,071) (600,053) 389,725 538,071 Deferred income balance at end of perlod 389.725 538,071 18 Oparatlng lease commltmant$ At 30 June the charitable company had total mlnlmum leasa commitments under non-cancellable operating leases as foll0v￿. 2024 2023 Due In: Less than 1 year Between 2 and 5 years 8,130 15,571 8,437 23,357 19 Reconclllatlon of not movoment In funds to net cash Inflow from operatlng actlvltle8 2024 2023 Statement of Financial Activities; Net movement in funds Donated land and building Profit on the disposal of tangible fix8d assels Investment income Depreciation Decrease in creditors: current liabilities Decreasel(increas8) in debtors Net cash outtlow from operatlng aCtI￿tIeS 210.419 (910.836) (576,959) (950) (26.704) (15,650) 211.884 200,554 1248,719) (184,525) 339.468 (184.574) 424,488 762.104 25 THORNLEIGH CAMPHILL COMMUNITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 20 Analysls of changes In cash durlng the year 2024 2023 Change Cash at bank and in hand 1,356,273 1.962,616 606,343 2023 2022 Change Cash at bank and in hand 1,962,616 2,893,924 931.308 21 Movemant In funds For the year lo 30 June 2024 At 30 Jun 2024 At 1 Jul 2023 Income Expendlturo Transf•r$ Restrlcted funds Bakery fund 8,925 8,925 8.925 8,925 Unrestrlcted funds Fixed asset designated fund General funds 2,639,999 1,714,456 4,354,455 (211,884) 1,119,395 (7,009,928) (1,110,470) 7,221,812 8,925 3.547,510 1,026,289 4,573,799 7,432,231 7,432,231 Total funds 4.363,380 7.432,231 7,221,812 99 For the year to 30 Jun• 2023 At 30 Jun 2023 At 1 Jul 2022 Income Expendlture Transfers Reslrlcted funds Bakery fund 8,925 8,925 8,925 8.925 Unrestrlcted funds Fixed asset designated fund General funds 2,654,749 2,276,665 {200,5541 185,804 2,639,999 (6,479,210} (185.804) 1,714,456 6,679,764 4,354,455 6,102,805 6,102,805 4,931,414 Total funds 4,940,339 6,102,805 6,679,764 4,363,380 26 THORNLEIGH CAMPHILL COMMUNITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 21 Movement In funds (contlnued) Bakery Fund - Funds to be spent towards building costs of The Hatch bakery. The net book value of fixed assets is shown in a separate designated fund. Transfers between this and general funds represent fixed asset additions and disposals. 22 Analysls of net assets between funds Tanglble flxed assets Net current asset8 Total 2024 A8 at 30 Junft 2024 Rostrlcled funds Unrestrlcted funds Fixed asset designated fund General funds 3,547,510 3,547,510 1,026.289 1.026,289 3,547,510 1,026,289 4,573.799 Tanglble flx•d ass•ts Net current assets Total 2023 A8 at 30 June 2023 Ro8trlet•d fvnds 8,925 8,925 Unrestrlcted funds Fixed asset designated fund General funds 2,639,999 2,639,999 1,714,456 1,714.456 2,639.999 1,723,381 4.363,380 23 Rolated party dlsclosureg HARC Housing Association Llmited is a related party of the charty as the board of HARC has a majority of individuals that are also Trustees or key management personnel of Thomleigh Camphill Communities Limited. In the year. invoices were ralsed by HARC charging Thornleigh Camphill Communities Limited totalling £34,699 (2023: £47,785) and recharges received from HARC totalling £1.074 (2023.. £5,096). At the year end £Nil (2023: £Nil) was still payable at the year end and £Nil (2023.. £1,482) was still in receivables at the year end. During the year HARC also donated land and building to Thornleigh Camphill Communities Limitèd with the value of £950,000. See page 2 of the Trustees, Report for more detail. During the year the charity had a service occupancy agreement with N Sialelli, the Chief Executs've Officers who comprise part of the key man8gement personnel of the charty. The total rent charged in the year was £667 (2023: £15,200} and £Nil {2023'. £Nil) was oulstanding at the year-end. J Davey also made use of a flat for part of the year, rent free. 24 Company Ilmlted by guarantee The company is limited by guarantee. Members guarantee to contribute up to £1 each in the event of the winding up of the company. 27 THORNLEIGH CAMPHILL COMMUNITIES LIMITED NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 JUNE 2024 25 Post balance sheet event In July 2024 the charity sold Rosehip Cottage at Orchard Leigh for £411.000. 26 Dlscontlnued operatlons The trustees communicaled with beneficaries and staff about the closure of Shelling School in March 2024. The School ceased operations on 24 July 2024. The activities of Shelling School have been disclosed as discontinued operations in the 2024 financial year, including prior year comparative data. 28