Camphill Community Mourne Grange Company Limited by Guarantee statsment of Financial Activities (including income and expenditure account) Year anded 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Notè Income and endowments Donations and legacies Charitable activities other income 5,173 2,289,831 8,850 758,262 14,023 3.048,093 5,465 2,811,861 27,000 Totsi income 2,295,004 767,112 3,062,116 2,844,326 Expendlture Expenditure on charitable activities Total expendituro 2,036,919 2,036,919 1,108,463 1.108,463 3,145,382 3,049,666 3,049,666 3,145,382 Net expendlture 258,085 {341,351) (83,266) {205,340) Transfers between funds (324,604) 324,604 Net movement in fund8 (66,519) (16,747) (83,2661 (205,340) Reconclllation of fund8 Total funds brought forward Totsl funds carrlod forward 750,214 683,695 28,798 779,012 695.746 984,352 779,012 12,051 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 21 to 34 form part of these financial statements. 18
Camphill Community Mourne Grange Company Limited by Guarantee statement of Financial Position 31 March 2024 2024 2023 Note Fixed as80ts Tangible fixed assets 13 168,560 176,882 Current assets Stocks Debtors Cash at bank and in hand 14 15 90.959 196,479 1.055.491 93,526 210,982 1,203,532 1,342,929 1,508,040 Creditors: amounts falllng due wlthln one year Net current assets 17 805,582 905,910 602,130 779,012 537,347 Total asset81888 current Ilabilitles 705,907 Creditorn. amounts falllng due after more than one year Net a8sets 18 10,161 695,746 779,012 Funds of the charlty Restricted funds Unrestricted funds 12,051 683,695 695,746 28,798 750,214 779,012 Totsl charfty funds 21 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 2 November 204 and are igned on behalf of the board by= Mr ewdney Chairp Trustee Mr M Rascher Trustee The notes on pages 21 to 34 form part of these financlal statements. 19
Camphill Community Mourne Grange Company Limitsd by Guarantee ststement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from operating activities Net expenditure (83,266) (205,340) Adjustments for.. Depreciation of tangible fixed assets Interest payable and similar charges Gains on disposal of tangible fixed assets 44,029 19.166 65,359 (27,000) Changes in.. Stocks Trade and other debtors Trade and other creditors 2,567 14,503 1103,376) 1106,377) 9,759 189,351 (25,737) 6,392 Cash generated from operations Interest paid Net cash (used in)lfrom operating activities 119,1661 (125,5431 6,392 Cash flows from investlng activltles Purchase of tangible assets Proceeds from sale of tangible assets Net cash used in investing activities 135,707) (106,109) 27,000 (79,109) (35,707) Cash flows from flnancing actlvities Payments of finance lease liabilities Net cash from financing activities 13,209 13.209 Net decrease In cash and cash equivalents Cash and cash equlvalents at boginnlng of year Cash and cash èquivalents at end of year (148,041) 1,203,532 1,055,491 {72,717) 1,276,249 1,203,532 The notes on pages 21 to 34 forni part of these financlal ststements. 20
Camphill Community Mourne Grange Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 Genfrral Information The charity is a public benefit entty 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 compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the 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. Accounting pollclos Basls of preparatlon The financial statements have been prePad on the historical cost basis, as modified by the revaluation of certain 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. Golng concern There are no material uncertainties about the charity's ability to continue. Judgements and key 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 conts'nually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fornlgn currencl88 Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate 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 Financial Statements (contlnued) Year ended 31 March 2024 Accounting policies (continued) Fund accounting The company is responsible for various types of funds which require separate disclosu as follows.. Restrlcted funds Funds earmarked by the donor for a specific purpose. Unrestrlcted fund8 Funds which are expendable at the discretion of the directors in the furtherance of the objectives of the charity. Deslgnated funds Funds which the Trustees have set aside for a specific purpose. Incomlng resources 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 categories of income-. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount 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 is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of seNices 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 if unspent, in which case it may be regarded as restricted. Resourcos 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 Limitsd by Guarantee Notes to the Financial Statements (contiftued) Year ended 31 March 2024 Accounting policios (continued) Tangible assets 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. Depreciation Depreciation 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: Property Furniture & equipment Motor vehicles Farm implements and equipment 2 % straight line 10 % straight line 25 % straight line 10 % straight line Impalmient of fixod ass•t8 A review for indicators of impairment is Carried out at each reporting date, wlth the recoverable amount being estimated where such indicators exist. Iplhere the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unlt to which the asset belongs. The cash-generating 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 asset5 or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination 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 liabilitie5 of the charity are assigned to those units. Stocks stock ofconsumables, 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 togetheron an average basis classified according to age. 23
Camphill Community Mourne Grange Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 March 2024 Accounting policies (contlnuedj Financial instruments A financial asset Of a financial liability is recognised only when the charity becomes a paty 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 liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. IAffiere investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms 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 amorts'sed 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 ststement 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 impaiment. Other financial 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. Defined 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 paymerbts or a cash reftjnd. IDthen 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 a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
Camphill Community Mourne Grange Company Limitsd by Guarantee Notas to the Financial Statements (contlnued) Year ended 31 March 2024 Limlted by guarantse 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 Fund8 Funds 2024 Donatlons Donations & legacies 5,173 8,850 14,023 unstrICted Funds Restricted Total Funds Funds 2023 Donatlons Donations & legacies 3,465 2,000 5,465 Charltablo actlvitl•G Unrestricted Funds Restricted Total Funds Funds 2024 Craft Shop & Cafe Land (cattle etc.) Workshop Income Day Opportunity Residential Charges Adults Fees Supported Living Expenses refunded re: Housing Support Other income 75,656 8,111 75,656 8.111 109,637 555,536 1.453,718 36,316 15,000 35,857 109,637 555,536 1N53,718 794,578 15,000 35,857 3.048,093 758,262 2,289,831 758,262 Unrestricted Funds Restricted Total Funds Funds 2023 Craft Shop & Cafe Land {cattle etc.) Workshop Income Day Opportunity Residential Charges Adults Fee5 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 2.069,947 38,656 8,103 28,338 509,904 1,376,258 789,983 15.000 45,235 2,811,861 741,914 741,914 25
Camphill Community Mourne Grange Company Limitsd by Guarantee Notes to the Financial Statements (ntInu•d) Year ended 31 March 2024 Other Income Unrestricted Total Funds Unrestricted Tota5 Funds Funds 2024 Funds 2023 Gain on disposal of tsngible fixed assets 27,000 27,000 Expenditure on charitable activities by fund typo Unrestricted Funds Restricted Total Funds Funds 2024 Craft Shop & Cafe Land (cattle etc.) Weavery Woodwork Food processing Other Workshop costs Workshop Development & Day Opportunities Community costs Support costs 94,541 68,219 32,330 3,681 4.879 3,847 46,857 1,780,714 1,851 94,541 68,219 32,330 3,681 4,879 5,791 46,857 2,884,764 4,320 1.944 1,104.050 2,469 2,036,919 1,108,463 3.145.382 unStrICted Funds Restricted Total Funds Funds 2023 Craft Shop & Cafe Land (cattle etc.) Weavery Woodwork Food processing Other Workshop costs Workshop Development & Day Opportunities Community costs Support costs 65,452 68,489 30,234 20,539 3,413 3,167 1,208 1,812,975 1,744 2,007,221 65,452 68,489 30,234 21,302 3,413 5,812 1,208 2,849,760 3,996 3,049,666 763 2.645 1,036,785 2,252 1,042,445 Net expenditure Net expenditure is stated after chargingl(crediting)- 2024 2023 Depreciation of tangible fixed assets Gains on disposal of tangible fixed assets Foreign exchange differences 44.029 65.359 (27,000) (345) 249 26
Camphill Community Mourne Grange Company Limited by Guarantee Notes to the Financial Statements fcontlnued) Year ended 31 March 2024 10. Auditors, remuneration 2024 2023 Fees payable for the audit of the financial statements 4.320 3,996 In addition to the auditor's remuneration, other accountancy services of £ £23,606 (2023 £29,675) were provided in year. 11. Stsff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and Salaries Pensions 1,445,143 50,340 1,237,022 42,644 1,495,483 1,279,666 The average number of employees by departsnent during the year is analysed as follows,. 2024 2023 Management Workshops Cafe House Co-ordinators & Support Maintenance & Cleaning Administration Training 38 37 55 49 No employee had annual employee benefits in excess of £60,000 (2023: nil). The Key Management Personnel of Camphill Community Mourne Grange comprise the Trustees, the Registered Manager and executive assistant, the buildings officer and the accounts officer. The total employee benefits of the Key Management Personnel for the year ended March 2024 was £155,399 (2023. £154,110). Redundancy Payments Total payments made during the year in relation to redundancy pay was £Nil (2023.. £88,714). The accounting policy is to recognise temination payment liability on communication of intention to pay and when quantifiable. Such payments are accounted ft)r as staff costs. 27
Camphill Community Mourne Grange Company Limited by Guarant8e Notes to the Financial Ststements (continued) Year ended 31 March 2024 12. Trustee remuneration and expenses No members of the Board of Trustees of the charity received any remuneration during the period. However, 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; 13. Tanglblo flxed a880ts Land and FiXtuS and buildings fith'ngs Motor vehicles Equipment Total Cost At 1 April 2023 Additions 31,952 354,210 2,990 185,119 17,995 263,910 14,722 835,191 35,707 870,898 At 31 March 2024 31,952 357,200 203,114 278,632 Depreciatlon At 1 April 2023 Charge for the year At 31 March 2024 799 799 289,563 18,887 146,281 15,211 161,492 221,666 9,132 230,798 658,309 44,029 702,338 1,598 308,450 Carrylng amount At 31 March 2024 30,354 48,750 41,622 47,834 168,560 176,882 At 31 March 2023 31,153 64,647 38,838 42,244 14. Stocks 2024 2023 Raw materials and consumables 90,959 93,526 15. Debtors 2024 2023 PpaYrnents and accrued income Other debtors 13,695 182,784 196,479 15.239 195,743 210,982 28
Camphill Community Mourne Grange Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 16. Cash and Cash equlvalents 2024 2023 Cash at bank Client account Cash in hand 488,666 563,200 3,625 563,030 631,503 8,999 1,203,532 1,055,491 Included within 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. 17. Creditors: amounts falllng due wlthln one year 2024 2023 Accruals and deferred income Social security and other taxes Obligations under finance leases and hire purchase contracts Money held on behalf of residents Other creditors 204,489 26,713 3,048 566,543 4.789 208,606 58,464 634,846 3,994 805,582 905,910 18. Credltors: amounts falling due aft8r more than one year 2024 2023 Obligations under finance leases and hire purchase contracts 10,161 19. Flnance loa808 and hlre purchase contracts The total future minimum lease payments under finance leases and hire purchase contracts are as follows.. 2024 2023 Not later than 1 year Later than 1 year and not later than 5 years 3,048 10,161 13,209 20. Penslons and other post-retirement bonefits Deflned contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £50,340 (2023: £42,644). 29
Camphill Community Mourne Grange Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 20. Pensions and other post retirement beneflts (contlnuedj For the year ended 31 March 2024 £551 (2023: £10,883) was outstanding. 21. Analysis of charltable funds Unrestrlcted funds At 31 March 2024 At 1 April 2023 Income Expenditure Transfers General funds Workshops Development Social Fund 727,212 2,295,004 (2,021,134) (336,604) 664,478 23,002 (15,785) 12,000 2,295,004 (2,036,919) (324,604) 19,217 683,695 750,214 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 General Fund The general reserves to be utilised in line with charitable objects after allowing for all designated funds. Social Fund Is a discretionary fund for the support of Co-workers in time of exceptional need. 30
Camphill Community Mourne Grange Company Limitsd by Guarantee Notes to the Financial Statsments (contlnuod) Year ended 31 March 2024 21. Analysis of charltable funds (continued) Restrlcted funds At 31 March 2024 At 1 April 2023 Income Expenditure Transfers Supporting People Workshops Lyre Project Arts & Crafts Friends of MG Rowan flower project Art Work Project National Lottery Community Fund - Workshop Development Circus Equipment Community Foundation Supporting People - Non-Recurrent payment 727,148 (1,075,405) 348,257 {3,682) 3,682 10,824 1,647 5,500 (10,824) (1,647) (5,500) 5,145 2,000 (1,944) 3,201 (2,000) 8,850 8.850 31.114 (31,114) 767,112 (1,108,463) 28,798 324,604 12,051 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 Nakn'onal Lottery Community Fund - vorkShop Development Circus Equipment Cornmunity Foundation Supporting People - Non-Recurrent payment 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 31
Camphill Community Mourne Grange Company Limited by Guarantee Notes to the Financial Ststements {contlnuodJ Year ended 31 March 2024 21. Analysis of charltable funds (continued) Supporting People This fund is provided by the Northem Ireland Housing executive for the provision of support seniices 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 running of the communlty lyre project. Arts & Crafts To promote and develop arts & crafts for the benefit of our residents in community. Frlends of Mourne 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. Tho National Lottery 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. Film Project To support the development of a resident led insight into the Camphill Community of Mourne Grange. Art work Project To fund the creation of a piece of art to commemorate the passing of a Long term Ctrworker Supporting People Covid-19 emergency Fundlng To support the additional costs of providing supported living incurred during the Covid-19 Pandemic. Ke•p Northern Ireland Beautlful The Live Here Love Here Pollinator grant provided funding for infrastructure for the new Flower Workshop, including polytunnels and equipment. Workshop Development A Climate change lottery grant will fund the production of a film showcasing the long term partnership approach to working with the land in Mourne Grange Circus Equipment A donation, received from a parent of a villager was specified for the purchase of Circus Equipment 32
Camphill Community Mourne Grange Company Limited by Guarantee Notss to the Financial Ststemants f¢ontlnued) Year endad 31 March 2024 21. Analysis of charltable funds (continued) Transfers Ouring the year an amount of £348,257(2023: £294,460) 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 service. A further £23,653 was transferred from restricted funds to the unrestricted general funds. The transfers related to old balances that had been carried for a number of years where restrictions no longer apply. 22. Analysls of net assets betweon funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors greater than 1 year Not asset8 168,560 525,296 (10,161) 683,695 168,560 537,347 (10,1611 695,746 12,051 12,051 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors greater than 1 year Net asset8 176,882 573,332 176,882 602.130 28,798 750,214 28,798 779,012 23. Analy818 of changes in net debt At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash at bank and in hand Debt due within one year Debt due after one year 1,203,532 (148,041) 1,055A91 (3,048) (3.0481 {10,161) (10.161) (161,250) 1,042,282 1,203,532 33
Camphill Community Mourne Grange Company Limitsd by Guarantae Notes to the Financial Statements (continuedj Year ended 31 March 2024 24. Related parties Relationships with other charrties= The charity SUPPOrts the ethos of the Association of Camphill Communities UK & Ireland. This 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). Durlng the period transactions betrween the Identified parties included.. 2024 2023 Camphlll Communities Trust INI) Renta115ervice charge (26,276) (107,960) Amounts due (to)Ifrom related party (2,232) (2,232) 25. Ethlcal 8tandard8 In common with many other businesses of our size and nature, we use our auditors to assist with the preparation of the financial statements. 34-