Camphill Community Mourne Grange Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Income and endowm•nts Donations and legacies Charitable activities Other income 3,465 2,069,947 27,000 2,000 741,914 5,465 2,811,861 27,000 37,149 2,552,630 119,940 Total Income 2,100,412 743,914 2,844.326 2,709.719 Expendlture Expenditure on charitable activities Total axpendituro 2,007,221 1,042,445 3,049,666 2,856,521 2,007,221 1,042,445 3,049.666 2,856,521 Net expendlturo 93,191 {298,531) (205,340) (146,802) Transfers between funds 13 (293,576) 293,576 Net movament in funds (200,385) (4,955) {205,340) {146,802) Reconclliatlon of funds Total funds brought forward Total funds carrl•d forward 950.599 33,753 28,798 984,352 779,012 1,131.154 984,352 750,214 The statement of financial activities includes all gains and losses recognised in the year. All income and expendlture derive from continuing actlvltles. The notss on pages 21 to 34 form part of those financial statements.
Camphill Community Mourne Grange Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Note Fixed assets Tangible f5xed assets 14 176,882 136,132 Current assets Stocks Debtors Cash at bank and in hand 15 93,526 16 210.982 17 1,203,532 1,508,040 103.285 400.333 1,276.249 1.779,867 Creditors: amounts falllng due Wbthln one year Net currant assets 18 905,910 602,130 779,012 931,647 848,220 984,352 Total assets l•ss current liabllltlos Net a88ets 779,012 984,352 Funds of the charity Restricted funds Unrestricted funds 28,798 750,214 33,753 950,599 984,352 Total charlty fund8 20 779.012 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 22 July 2023, and are signed on behalf of the board by: Mr P Dewdney Trustee airperson Mr M Rascher Trustee Tha notes on pagas 21 to 34 fomi part of these financlal ststements. 19
Camphill Community Mourne Grange Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2023 2023 2022 Cash flows from operatlng activitles Net expenditure (205,340) {146,802) Adjustments for." Depreciation of tangible fixed assets Gains on disposal of tangible fixed assets 65,359 58,827 {27,000) (119,940) Changes in." Stocks Trade and other debtors Trade and other creditors 9,759 189,351 (25,737) 6.392 (2,011 } {230,293) (65,028) (505.247) (505,247) Cash generated from operations Net cash froml(used in) operatlng activities 6,392 Cash flows from Investing a¢tlvltle8 Purchase of tangible assets Proceeds from sale of tanglble assets Net cash (used inyfrom investing activities (106,109) 27,000 (79.109) (45,264) 301,310 256.046 Net decrease In cash and cash equivalents Cash and cash aqulvalents at b•glnnlng of year Cash and cash equlval•nts at ond of yoar (72,717) (249.201) 1,276,249 1,525,450 1,203,532 1,276,249 The notes on pages 21 to 34 form part of these financlal statements. 20
Camphill Community Mourne Grange Company Limlted by Guarantee Notes to the Financlal Statements Year ended 31 March 2023 Géneral Infonnation The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is 169 Newry Road, Kilkeel, Down, BT34 4EX, Northern Ireland. Statemènt of compllancé These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in Ihe UK and the Republic of Ireland,, the 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 (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accountlng pollcles Basis of pr•paration The financial statements have been prepared on the hlstorical cost basis, as modified by the revaluation of rtain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and kèy sources of estimatlon uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expeclations of future events that are believed to be reasonable under the circumstances. Foreign currencles Forelgn currency transactions are inrtially recorded in the functional Currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominaled in foreign currencies are translated at the exchange rale ruling at the reporting date, with any gains or losses being taken to the statement of financial activities. 21
Camphill Community Mourne Grange Company Limited by Guarantee Notes to the Flnancial Statements (contlnued) Year ended 31 March 2023 Accounting policies (contlnued) Fund accountlng The compariy is responsible for various types of funds which require separate disclosure as follows: Restrfcted funds Funds earmarked by the donor for a specific purpose. Unrestricted funds Funds which are expendable at the discretion of the directors in the furtherance of the objectives of the charity. Deslgnatad funds Funds which the Trustees have set aside for a specific purpose. Incoming resource8 All Incoming resources are included in the statement of financial activities when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular calegories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amounl can be measured reliably. legacy Income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this 18 impractical to measure reliably, in which case the value is derlved from the cost to the donor or the estimated resale value. Donated facilitles and services are recognised in the accounts when received rf the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of seryices is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned rf unspent. in which case it may be regarded as restricted. Resourc•s expended Resources expended are recognised in the period in which costs or the expense is incurred. The costs of generating voluntary income include direct costs involved in fundraising. The cost of charitable activities includes all direct costs relating to charitable projects and also all overheads with the exception of governance costs which comprise audit and legal advice for trustees and costs associated with constitutional and statutory requirements. 22
Camphill Community Mourne Grange Company Limited by Guarantee Notes to the Financial Statements {continuedJ Year ended 31 March 2023 Accounting policiès (conrfnued) Tangible assèts Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation. is recognised In other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised In other recognised gains and losses, except to which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreclation Depreciatlon is calculated so as to write off the cost or valuation of an asset. less its residual value, over the useful economic life of that asset as follows: Propety Furniture & equipment Motor vehicles Fann implements and equipment 20/0 Straight line 10 % straight line 250/0 straight line 10 % straight line Impalnnant of fixed assats A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also revlewed for possible reversal at each reporting date. For the purposes of Impairment testlng, when it is not possible to estimate the recoverabSe amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generaling unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impalrment testing of goodwill, the goodwill acquired In a business Comblnation is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. stocks Stock of consumables, other stocks and livestock are valued at the lower of cost and net realisable value. The cost of livestock incorporates all direct costs in rearing the animals and a proportion of indirect costs attributable to their production. Net realisable value is calculated by the farm manager and livestock is valued by similar type and quality together on an average basis classffied according to age. 23
Camphill Community Mourne Grange Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 Accounting pollcles (continued) Financial Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current Ilabilities ara subsequently measured at the cash or other consideratlon expected to be paid or received and not discounted. Debt Instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their falr value can otherwise be measured reliably, the investment is subsequently measured at fair value wilh changes in fair value recognised in Income and expenditure. All other such investments are subsequently measured at cosl less impairment. Other financial instruments, including derivatives, are initially recognised at fair value. unless payment for an asset is deferred beyond normal business lerms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financlal assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Deflned contrlbution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service. the liability is measured on discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 24-
Camphill Community Mourne Grange Company Limited by Guarantee Notes to tha Financial Statements (continued) Year ended 31 March 2023 Limlted by guarantee The company is an incorporated company limited by guarantee. In the event of the company being wound up, liability is limited to £5 per member. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2023 Donatlon8 Donations & legacies 3,465 2,000 5,465 Grants Keep Northern Ireland Beautiful The National Lottery Community Fund - Workshop 3,465 2,000 5,465 Unrestricted Funds Restrlcted Total Funds Funds 2022 Donations Donations & legacies 17,689 17,689 Grant8 Keep Northern Ireland Beautrful The National Lottery Community Fund - Workshop 10,230 9,230 19,460 10,230 9,230 37,149 17,689 Charltabl• actlvltl Unrestricted Funds Restricted Total Funds Funds 2023 Craft Shop Land (cattle etc.) Workshop Income Day Opportunity Residential Charges Adults Fees Supported Living Expenses refunded re.. Housing Support Other income 38,656 8,103 384 28,338 509,904 1.376,258 48,069 15,000 45,235 38,656 8,103 28,338 509,904 1,376,258 789.983 15.000 45,235 2,811,861 741,914 2,069,947 741.914 25-
Camphill Community Mourne Grange Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 Charitable activities (condnued) Unrestricted Funds Restricted Total Funds Funds 2022 Craft Shop Land (cattle etc.) Workshop Income Day Opportunity Residential Charges Adults Fees Supported Living Expenses refunded re: Housing Support Other income 51,615 8,762 91 12,407 361,935 1,216,901 121,665 15,000 88,594 51,615 8,762 91 12,407 361,935 1,216,901 797,325 15,000 88,594 675,660 1,876,970 675.660 2,552,630 Other Incom• Unrestricted Total Funds unStrICted Total Funds Funds 2023 Funds 2022 Gain on disposal of tangible fixed assets 27,000 27,000 119,940 119,940 26-
Camphill Community Mourne Grange Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2023 Expondlture on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2023 Craft shop Land (cattle etc.) Weavery Woodwork Food processing Other Workshop costs Workshop Development Fund Community costs Support costs 65,452 68,489 30,234 20,539 3,413 3,167 1,208 1.812,975 1,744 65,452 68,489 30,234 21,302 3,413 5,812 1,208 2.849,760 3,996 763 2,645 1.036,785 2,252 2,007,221 1,042,445 3,049,666 Unrestricted Funds Restricted Total Funds Funds 2022 Craft shop Land (cattle etc.) Weavery Woodwork Food processing Other Workshop costs Workshop Development Fund Community costs Support costs 53,766 69.707 27.125 1,899 4,017 3,315 13,233 1,748,211 2.016 53,766 69,707 27,271 1,899 4,017 3,315 13,233 2,679.317 3,996 2,856,521 146 931,106 1,980 933,232 1,923,289 Net oxpondlture Net expenditure is ststed after charglngl(crediting): 2023 2022 Depreciation of tangible fixed assets Gains on disposal of tangible fixed assets Foreign exchange differences 65,359 58,827 (27,000) (119,940) (345) 55 10. Audltors remuneratlon 2023 2022 Fees payable for the audit of the financial statements 3,996 3,996 In addition to the auditorfs remuneration, other accountancy services of £ £23,606 (2022 £29.675) were provided in year. 27-
Camphill Community Mourne Grange Company Limited by Guarantee Notes to the Financial Statements (contsnued) Year ended 31 March 2023 11. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows: 2023 2022 Wages and Salaries Pensions 1,214,360 42,644 1,257,004 1,237,022 41,939 1,278,961 The average number of employees by department durlng the year is analysed as follows: 2023 2022 Management Workshops House Co-ordinators & Support Maintenance & Cleaning Administration Training 37 37 49 49 No employee had annual employee benefits in excess of £60,000 (2022: nil). The Key Management Personnel of Camphill Community Moume Grange comprise the Trustees. the Registered Manager and executive 8SSlStant, the buildings officer and the accounts officer. The total employee benefits of the Key Management Personnel for the year ended March 2023 was £154,109 (2022.. £150,373). Redundancy Payments Total payments made during Ihe year in relalion to redundancy pay were £88,714 (2022: £NII). The accounting policy is to recognise termination payment liability on communication of intention to pay and when quantrfiable. Such payments are accounted for as staff costs. 12. Trustee remuneration and •xponse8 No members of the Board of Trustees of the charity received any remuneration during the period. However two trustees are co-workers who live and work within the community. All co- workers, whether they are members of the board of Trustees or not, their needs are met by the Community of Camphill Mourne Grange and includes living accommodation and daily essentials. These costs are of a communal nature and it is not practical to place a valuation on the specific amount. no trustee expenses have been incurred. 28-
Camphill Community Mourne Grange Company Limited by Guarantee Notes to the Flnancial Statements {continued) Year ended 31 March 2023 13. Transfers between funds During the year an amount of £294,460 (2022.. £261,439) was transferred from unrestricted general fund to the Supporting People fund. The purpose of the transfer was to meet the current years shortfall in income against the expenditure incurred providing the Supported Living se1. During the year an amount of £884 (2022: £Nil) was transferred from the Art work Project to unrestricted funds. During the year the balance of funds (£70.408) designated for workshop development was transferred to unrestricted funds. 14. Tanglbl• fixed assets Land and Fixtures and buildings fith'ngs Motor vehicles Equipment Total Cost At 1 April 2022 Additions Disposals At 31 March 2023 337,907 16,303 140,319 45,854 (1.054) 185,119 251,910 12,000 730,136 106,109 (1,054) 835,191 31.952 31,952 354,210 263,910 Depreciatlon At 1 April 2022 Charge for the year Disposals At 31 March 2023 270,676 18,887 109,438 37.897 {1,054) 146,281 213.890 7,776 594,004 65,359 (1,054) 658,309 799 289,563 221,666 Carrylng amount At 31 March 2023 31,153 64,647 38,838 42,244 176,882 136,132 At 31 March 2022 67,231 30,881 38,020 15. Stocks 2023 2022 Raw materials and consumables 93,526 103,285 16. Debtors 2023 2022 Prepayments and accrued income Other debtors 15.239 195,743 2.500 397.833 210,982 400.333 29-
Camphill Community Mourne Grange Company Limited by Guarantee Notes to the Flnancial Statements (conllnued) Year ended 31 March 2023 17. Cash and cash equivalents 2023 2022 Cash at bank Client account Cash in hand 563,030 631,503 8,999 623.010 646,999 6,240 1,203,532 1,276.249 Included wthin cash at bank and in hand are client bank accounts managed on behalf of our residents. A corresponding liability is held in creditors: amounts falling due within one year. 18. Craditors: amounts falllng duo wlthln one year 2023 2022 Accruals and deferred income Social security and other taxes Money held on behalf of residents Other creditors 208,606 58,464 634,846 3,994 905,910 260,077 21,228 650,342 931,647 19. Pen8lon8 and other post retlrement bon•frt8 Daflned contributlon plans The amount recognised in income or expenditure as an expense In relation to defined contribution plans was £42,644 (2022: £41,939). For the year ended 31 March 2023 £10,883 {2022: £8,309) was outstanding. 30-
Camphill Community Mourne Grange Company Limited by Guarantse Notes to the Flnancial Statements (continued) Year ended 31 March 2023 20. Analysi5 of charitable funds Unrestricted funds At 31 March 2023 At 1 April 2022 Income Expenditure Transfers General funds Workshops Development Social Fund 836,337 2,100,412 {1,975,869) (233,668) 727,212 70,408 43,854 (70,408) (31,352) 10,500 2,100,412 (2,007,221) {293,576) 23,002 750,214 950,599 At 31 March 2022 At 1 Aprll 2021 Income Expenditure Transfers General funds Workshops Development Social Fund 971,086 2,014,599 {1,900,110) (249,238) 836,337 77.908 50,533 (7,500) (15,679) 9.000 2,014,599 (1,923,289) (240,238) 70.408 43.854 1,099.527 950,599 General Fund The general reserves to be utilised inline wlth charitable objects after allowlng for all deslgnated funds. Soclal Fund Is a dlscretionary fund for the support of Co-workers In time of exceptlonal need. 31
Camphill Community Mourne Grange Company Llmited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 20. Analysis of charitable funds (Conflnued) ReStr1¢t funds At 31 March 2023 At 1 April 2022 Income Expenditure Transfers Supporting People Workshops Lyre Project Arts & Crafts Friends of MG Rowan flower project Art Work Project Supporting People Covid-19 Emergency Fund Keep Northem Ireland Beautiful National Lottery Community Fund - Workshop Development Circus Equipment 741,914 (1,036.374) 294,460 3,682 354 13,896 1,647 5,500 3,682 {354) {3,072) 10,824 1,647 5,500 {884) 7,790 (2,645) 5,145 2,000 2,000 33,753 743,914 (1.042,445) 293.576 28,798 At 31 March 2022 At 1 April 2021 Income Expenditure Transfers Supporting People Workshops Lyre Project Arts & Crafts Friends of MG Rowan flower project Art Work Project Supporting People Covid-19 Emergency Fund Keep Northern Ireland Beautrful National Lottery Community Fund - Workshop Development Circus Equipment 577,510 (838,949} 261,439 3,682 6,018 13,896 1,647 5,500 3,682 354 13,896 1,647 5,500 884 (5.664) 98,150 (86,156) (11,994) 10,230 (1.023) (9,207) 9,230 (1,440) 7,790 31.627 695.120 (933,232) 240.238 33,753 32
Camphill Community Mourne Grange Company Limited by Guarantee Notes to the Financlal Statements (conllnued) Year ended 31 March 2023 20. Analysis of charltable funds (ct)nllnued) Supportlng People This fund is provided by the Northern Ireland Housing executive for the provision of support Services for vulnerable people to improve their quality of life and attain independence. Workshops To support and develop the community workshops. Lyre Project To support the runnlng of the communlty lyre project. Art8 & Crafts To promote and develop arts & crafts for the benefit of our residents in communlty. Friends of Mourno Grango The continued generous support from our Friends of Mourne Grange is used for various community projects subject to their support. Rowan Flower Project To support the Rowan Day opportunity for those residents no longer able to fully engage in community workshops. The Natlonal Lottory Community Fund To support the cost of producing a Public Relations film that depicts a day in the life of a Camphill Community Mourne Grange resident. Fllm Project To support the development of a resident led insight into the Camphill Communlty of Moume Grange. Art work Project To fund the creation of a plece of art to commemorate the passing of a Long term Co-worker Supportlng People Covld-19 •mergency Funding To support the additional costs of providing supported living Incurred during the Covid-19 Pandemic. Keep Northern Ireland Beautrful The Live Here Love Here Pollinator grant provlded funding for Infrastructure for the new Flower Workshop, including polylunnels and equipment. Workshop Development A Climate change lottery grant will fund the production of a film showcasing the long tem partnership approach to working with the land in Mourne Grange Circus Equipment A donation. received from a parent of a villager was specrfied for the purchase of Circus Equipment 33
Camphill Community Mourne Grange Company Llmited by Guarantee Notes to the Financial Statements (Gonllnued) Year ended 31 March 2023 21. Analysls of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets 176.882 573,332 750,214 176,882 602,130 28,798 Net assets 28,798 779.012 Unrestricted Funds Restricted Total Funds Funds 2022 Tangible fixed assets Current assets 136,132 814,467 136,132 848.220 33,753 assets 950,599 33.753 984,352 22. Analys18 of changes In net debt At At 1 Apr 2022 Cash flovrfs 31 Mar 2023 Cash at bank and in hand 1,276,249 (72,717) 1,203,532 23. Related partles Relationships wlth other charltles: The charity supports the ethos of the Association of Camphill Communities UK & Ireland, Thls includes companies within the Camphill movement in Northern Ireland, Camphill Community Glencraig,. Camphill Communities Trust (Nl); Camphill Community Clanabogan., Camphill Community Holywood: Camphill Social Fund (N.1). During the period transactions between the identified parties included: 2023 2022 Camphill Communltles Trust (Nl) Rentallservice charge (107,960) (139.292) Amounts due (toyfrom related party 2,232 211,908 24. Ethical standards In common with many other businesses of our size and nature, we use our auditors to assist with the preparation of the financial ststements. 34-