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2024-01-31-accounts

Charity registration number NIC100933

Company registration number NI003345 (Northern Ireland)

CAMPHILL COMMUNITIES TRUST (NI)

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

CAMPHILL COMMUNITIES TRUST (NI)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Ms O Clarke
Mr P Dewdney
Mrs A Diesel
Mr C Harrison
Mr K Matthews
Mr W E McClean (Appointed 7 December 2023)
Ms L Wallace
Mr S Wilson
Mr J Y Young
Secretary Dr C Harper
Charity number NIC100933
Company number NI003345
Registered office NICVA Building
61 Duncairn Gardens
Belfast
BT15 2GB
Auditor GMcG BELFAST
Chartered Accountants & Statutory Auditor
Alfred House
19 Alfred Street
Belfast
BT2 8EQ
Bankers Bank of Ireland
4-8 High Street
Belfast
BT1 2BA
Solicitors Carson McDowell LLP
Murray House
4 Murray Street
Belfast
BT1 6DN
Cleaver Fulton Rankin
50 Bedford Street
Belfast
BT2 7FW

CAMPHILL COMMUNITIES TRUST (NI)

CONTENTS

Page
Trustees' report 1 - 7
Independent auditor's report 8 - 13
Statement of financial activities 14
Balance sheet 15
Statement of cash flows 16
Notes to the financial statements 17 - 27

CAMPHILL COMMUNITIES TRUST (NI)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 JANUARY 2024

Note:- In these accounts, the term "CCT (NI)" means Camphill Communities Trust (Northern Ireland) and the term "the Communities" means the four operational Camphill Communities in Northern Ireland, namely Clanabogan, Glencraig, Holywood and Mourne Grange.

The Trustees, who are also directors of CCT (NI) for the purposes of the Companies Act 2006, submit their Annual Report and the audited Financial Statements for the year ended 31 January 2024. The Trustees have adopted the provisions of the Companies Act 2006 and 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 & the Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008 in preparing the annual report and financial statements of CCT (NI).

The report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.

Reference and Administrative details of CCT (NI), the Trustees and advisers

The legal and administrative details of the company are listed on the first page of the annual report. CCT (NI) is a company limited by guarantee constituted under the Companies Act 2006 under company number NI003345 and is registered with the Charity Commission for Northern Ireland (CCNI), under number NIC100933. It is governed by a Memorandum and Articles of Association and in the event of winding up the liability of each member is limited to £5. The principal address of the company is 8 Shore Road, Holywood, BT18 9HX.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Articles of Association, the Companies Act 2006 and "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 (FRS 102)" (effective 1 January 2019).

Objectives and activities

In accordance with the CCT (NI) Articles of Association and our registration with CCNI, the charitable objects of CCT(NI) are, for the public benefit, to relieve sickness, promote good health, provide care to and advance the education and training of: people with a disability (whether mental or physical), the young, the old, or people otherwise in need, in accordance with the principles of Dr Rudolf Steiner and Dr Karl König, particularly (without limitation) by the establishment and maintenance of intentional communities in the form of villages, residential houses, day centres, kindergartens, schools, colleges or other types of social and/or educational community, in which beneficiaries live and/or work and/or to which they otherwise resort, in community with persons providing support (known as "Co-workers"). These intentional communities are also supported by a range of employed staff.

In keeping with the Articles, the registration with CCNI states that the direct public benefit that flows from CCT (NI)'s purpose is the provision of safe, secure and suitable residential accommodation, school buildings, therapy facilities, community buildings, day centres, farm buildings and farmland, workshops and chapels, for children and vulnerable adults with learning disabilities, who can no longer reside at home and for whom a Camphill Community is deemed to be the most suitable placement option, by the local Health & Social Care Trusts and/or their families.

CAMPHILL COMMUNITIES TRUST (NI)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

A Camphill Community provides protection and preservation of the community and family life, with the requisite level of professional care and support provided by committed individuals to meet the needs of the residents. The assets provided by CCT (NI) allow a diverse range of individual commissioned care, support and other services to be delivered to some of the most vulnerable members of the local and wider community e.g. children, young adults and adults, ensuring reduced levels of stress and anxiety for those experiencing ill health, disability, or other disadvantage. The environment that prevails within a Camphill Community, established and funded by the CCT (NI), ensures justice and fairness with total equality and opportunity.

The aim of CCT (NI) in providing the assets to establish the Communities was to create life sharing person centred communities, where each individual is valued for their unique personality. The Camphill movement adopts a holistic approach meeting the needs of the individual with learning disabilities through: Care and Support; Education/ Training/Meaningful Work; and Healthcare and Therapy. CCT (NI) demonstrates the public benefits of its work through the following: feedback from residents/tenants, their families and independent evaluation carried out by regulatory bodies, including local Health & Social Care Trusts, The Regulation and Quality Improvement Authority (RQIA), the Education Training Inspectorate (Children's Community), Northern Ireland Housing Executive Houses in Multiple Occupancy and other professionals, including, doctors, nurses, social workers and psychologists.

The beneficiaries of our work to deliver on our purpose are:

People from Northern Ireland and other parts of the UK who are experiencing ill health, disability, old age, or other disadvantage. CCT (NI)'s property portfolio, in particular the residential dwellings and workplaces, is managed and maintained to ensure full compliance with regulatory and statutory requirements including minimum standards under The Residential Care Home Regulations (Northern Ireland) 2005 and The Domiciliary Care Agencies Regulations (Northern Ireland) 2007, together with the Northern Ireland Housing Executive, Houses in Multiple Occupation Regulations. CCT (NI) engages external professionals to assist with the management and maintenance of all its properties.

There are no restrictions on who can benefit from the activities of CCT(NI).

CCT(NI) recognises an incidental private benefit of its activities. A private benefit to Trustees may arise from our ongoing training in good governance and finance. Through the property management programme and finance and governance training, the Trustees gain skills and experience which are transferrable to other settings. These skills are incidental and necessary to ensure the benefit is provided to the beneficiaries.

CCT(NI), in providing assets which are used exclusively for charitable purposes, meets several of the 12 purposes as set out in the Charities Act (Northern Ireland) 2008, in particular the relief of those in need.

As indicated above, CCT(NI) was established to acquire assets to benefit people from Northern Ireland and other parts of the UK who experience ill health, disability, old age, or another disadvantage. There are currently 4 Communities (Camphill Community Clanabogan, Camphill Community Glencraig, Camphill Community Holywood and Camphill Community Mourne Grange) located across Northern Ireland, all of which benefit from the provision of land, property, and financial assets by CCT(NI). The activities of CCT (NI) in turn allow the delivery by the Communities of care, support & education to children, young adults and adults with learning disabilities and challenging behaviour.

The primary role of CCT (NI), in line with its objectives, is to provide and maintain charitable assets that support the work of the Communities in Northern Ireland. It is the duty of CCT (NI) to ensure that the physical accommodation and other buildings provided to the residents, their carers, and their dependents is compliant with the regulatory and statutory requirements and is also safe and secure. In addition, and in line with the founding principles, and the ethos and spirit of Camphill, the Trustees also recognise a responsibility over and above any legal obligation which may exist to support where possible the objectives of the Communities.

CAMPHILL COMMUNITIES TRUST (NI)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

Camphill Communities strive to meet each person's physical, psychological, social, cultural, spiritual, educational and healthcare needs through a caring and supporting community-based environment. Each person is included and integrated in a social ‘extended family’ setting, where mutual support is given and received, whilst meaningful interpersonal relationships are fostered. Through person-centred, active support every individual is encouraged to be engaged in meaningful activities.

The assets of CCT (NI) allow the Communities to deliver a diverse range of individually commissioned care, support and other services to some of the most vulnerable individuals within our wider community. In addition to the provision of assets, CCT (NI) engages with the operational communities working associatively in providing a range of advice and support across the areas of planning, development, finance and training.

Public benefit

In ensuring that the activities of CCT (NI) provide a public benefit, all our activities are related to one or more of the following charitable objects:

In shaping our activities and objectives, the Trustees have considered the Charity Commission's guidance on public benefit.

Achievements and performance

CCT(NI) continued its work supporting joint working across Camphill NI through its participation in the 'Northern Neighbourhood' which is made up of representatives of the four operational Camphill Communities based in Northern Ireland and CCT(NI) representatives.

CCT(NI) also supports joint working across the Communities by participating in the regular meetings of the Chair of CCT(NI) and the chairs of each of the Communities. This group meets to consider issues which affect all of the Camphill organisations in Northern Ireland and to explore more effective and efficient ways of working in partnership.

As the owner of most of the land and buildings utilised by the four communities, CCT(NI) wished to be proactive in finding workable, long-term solutions that would add real value to the communities. However, before making any decisions, it wanted to consult the people involved in Camphill to test how they perceived its work and whether they thought it had a valid role in future. In the previous financial year, the Board of Trustees decided to appoint an external consultant to independently test those views but also to identify the communities’ aspirations for the future and the support they were likely to require. The Board has received the review report from the consultants and has established a working group to examine its findings and report on options and recommend a way forward for CCT(NI). Work is ongoing on designing and implementing actions in the light of the content of the review report.

CCT (NI) continues to support the Camphill ethos and values through its funding of visits and conferences within the wider Camphill movement and the provision of resources to support Communities’ activities within Northern Ireland.

During the previous financial year, CCT(NI) appointed planning consultants to advise it in supporting the ambitions of the communities for capital development projects which will increase their public benefit. This work also helps to ensure that the potential value of the land assets of CCT(NI) is maximised. The CEO has been working closely with the planning consultant and the communities to identify opportunities for engaging with the local council processes creating a plan which will set out a clear vision of how the council area should look in the future. The local councils are deciding what type and scale of development should be encouraged and where it should be located and the engagement of CCT(NI) and the communities will help to ensure a positive planning context for the further development of the communities. The planning consultant continues to advise CCT(NI) and the communities on a range of ‘live’ and potential projects.

CAMPHILL COMMUNITIES TRUST (NI)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

In the previous financial year, CCT(NI) engaged energy efficiency consultants and they continue to work in partnership with the communities to decrease the cost of energy used by the communities and to progress toward net zero. This work has included reviewing current approaches to energy generation within the larger sites and the potential for savings through the installation of contemporary standards of centralised heating control systems. Two projects are underway at two of the larger communities to increase the amount of solar panels on CCT(NI) land.

Financial review

CCT (NI) is a non-profit making organisation with net expenditure of £277,245 (2023 - £554,882) for the year. A range of factors continue to have a negative impact on the financial situation of the Communities and CCT (NI) has incurred a deficit this year to provide support in dealing with the challenges of the increase in the cost of living and of energy costs.

Donations received during the year amounted to £6,183 (2023 - £6,006). The Trustees wish to express their sincere thanks to the donors for their continued contribution that will support them in the furtherance of the charitable objectives.

The Trustees of CCT (NI) acknowledge and understand the current financial situation and have taken steps to both control and manage the situation in this current year with the development of detailed budgets to support its activity. The Trustees are confident of the performance of the organisation for the coming 12-month period and will keep a watching brief on the accounts in these austere times.

CCT (NI) receives funding from a range of sources and discharges these funds in pursuit of its charitable objectives and the particular estate programme funding targets. CCT(NI) has developed long term budgets covering the next twenty years and will engage with the Communities to ensure the facilities align to their future needs and priorities.

Staffing review

During the year CCT(N) recruited an Office Manager/Executive Assistant to support the work of the charity across all of its operations.

Reserves Policy

During the year the Trustees have considered CCT (NI)'s reserve requirements. The Trustees have set a Reserves Policy that reflects the need to maintain current operations while providing for future commitments. The Trustees' policy is to attempt to build up their unrestricted reserves by means of annual operating surpluses, when available. The Trustees review the level of free reserves required (that is those funds not tied up in fixed assets, designated and restricted funds) on an annual basis to ensure continuity of charitable operations.

The Policy for General Reserves is to retain: 24 months operating costs and 2 years response maintenance costs (based on historical figures of costs arising). This is currently set at £500,000.

A Capital Expenditure Fund for the long-term maintenance of the CCT(NI) properties is set at 2 years based on the average level of work needed as identified in the CCT(NI) Stock Condition Survey. This is currently set at £1,895,000.

At the financial year end the level of unrestricted free reserves available is £377,135 (2023 - £632,494), in addition to the £500,000 of reserves referred to two paragraphs above. This is below the target reserves level but reflecting the financial pressure facing the Communities, the Trustees continue to give funding support to Communities to enable them to up their own reserve levels. The impact of this has been to reduce CCT(NI)'s reserves below current target levels as set out above and to ensure capital and maintenance expenditure is better targeted to community needs while maintaining a safe operating environment.

The primary concern of the Trustees is to continue to secure sufficient levels of funds for continued capital development and maintenance of all properties owned by CCT (NI). Any surplus created will be secondary to this aim. However, CCT(NI) is looking at ways of increasing funding to meet its obligations over the next few years and the policy is reviewed annually.

Designated reserves for other purposes are detailed in note 17.

CAMPHILL COMMUNITIES TRUST (NI)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

Structure, governance and management

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Ms M Cinnamond (Resigned 15 May 2024) Ms O Clarke Mr P Dewdney Mrs A Diesel Mr C Harrison Mr B L Henderson (Resigned 15 June 2023) Mr K Matthews Mr W E McClean (Appointed 7 December 2023) Mr M Pitt (Resigned 15 June 2023) Mr M Sturm (Resigned 30 January 2024) Ms L Wallace Mr S Wilson Mr J Y Young

Council Members

The directors of the company are its Trustees for the purposes of charity law and are collectively referred to as Council Members. The number of Trustees must be at least 6 and cannot be more than 14, of whom no more than two may be Co-workers or otherwise resident in any community managed by CCT (NI) anywhere in the world. CCT (NI) is managed by voluntary Trustees elected every three years and by persons nominated by the Communities and Co-workers. The elected Trustees are independent and represent a range of skills required to support the effective and efficient running of CCT (NI). The Council may from time to time and at any time appoint any member of CCT (NI) as a member of the Council, either to fill a casual vacancy or by way of addition to the Council, provided that the prescribed maximum of 14 be not thereby exceeded. Any member so appointed shall retain his/her office only until the next Annual General Meeting, but he/she shall then be eligible for re-election.

After each election or nomination an induction process is organised for any new Trustees. Areas considered during the induction include an explanation of the major areas of activity (including the current programmes of work), guidance on the governance aspects of a Trustee's role, an introduction to the strategic aims of CCT (NI) and an examination of the main threats and opportunities facing it. On the induction of a new Council Member to the organisation there is provision of relevant documents including a Trustee Induction Pack.

Dr Colin M Harper is Chief Executive Officer of CCT (NI) and the Board has delegated responsibility for the day to day running of CCT (NI) to him. The CEO is company secretary and has initiated a review of all CCT (NI) policies and procedures, including financial procedures, employment policies, and of the vehicle procurement service provided for the Communities.

Trustees have participated in a range of networking, development and training opportunities, including through the CO3 Trustee Network. The Board of Trustees carries out its work in part through two Sub-Committees which enable CCT (NI) to better draw on the experience and expertise of the Trustees in more depth. The Sub-Committees are Finance Committee and Estate Committee. The Board has created a formal Scheme of Delegation to and Terms of Reference for these Sub-Committees.

CAMPHILL COMMUNITIES TRUST (NI)

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

Risk Management

The Trustees have adopted a Risk Management Policy and a Risk Management Framework for recording the risks faced by CCT (NI).

The Risk Register is reviewed at every meeting by each Sub-Committee of the Trustees where those risks relevant to the work of that Sub-Committee are considered along with any necessary additions. This process at SubCommittees feeds into the consideration of the Risk Register at the full meetings of the Trustees.

The CEO reviews risks on an ongoing basis and regularly updates the Chair of the Trustees and the Chairs of the

Sub-Committees as necessary.

In addition, CCT (NI) also has a moral responsibility to ensure that the Communities are supported. To this end, Communities will receive funding to assist them to build up reserves while also enabling CCT (NI) to determine a fair charge for its services with the twin objectives of meeting future maintenance and capital needs for CCT (NI)’s properties and being affordable for the Communities who provide services from CCT (NI)’s properties. Through the established risk management process, CCT (NI) is satisfied that all major risks identified have been adequately mitigated, where necessary. It is recognised that systems can only provide reasonable, but not absolute assurance that major risks have been adequately managed.

Statement of Trustees' responsibilities

The Trustees, who are also the directors of Camphill Communities Trust (NI) for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that GMcG BELFAST be reappointed as auditor of the company will be put at a General Meeting.

CAMPHILL COMMUNITIES TRUST (NI) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024 Disclosure of Informatlon to 8udltor Each of the Truslees has confirmed that there Is no information of which Ih8y are aware which is relevanl lo the audit, but of which the auditor is unaware. They h2ve further confirmed that they have taken approprlalo Steps to identify such relev8nt informa140n and to establish that the audilor is aware of SUGh information. Thé Trustees, report wa5 approved by the Board of Trustees. Dr C Harper Charity Secretary Date..

CHARTERED ACCOUNTANTB CAMPHILL COMMUNITIES TRUST (NI) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF CAMPHILL COMMUNITIES TRUST (NI) Oplnlon We have audited thè financial statements of Camphill Communits'es Trust INI) (the 'charlty') for the year ended 31 January 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to Ihe financial statements, including significant accounting policies. The financial repcyling framework that has been applied in their preparation is applicable law and united Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial R&porting St8ndard applicable in Ihe UK and Republic of ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financ1818tatements: give a twe and fair view of the state of the charitabla company's affair8 as at 31 January 2024 and of its incoming resources and applicalion of resources. Includlng Its income and expenditure. for the year th8n ended., have been properly prepared in accordance with United Kingdom G6n&rally Accépted Account5ng Practice; and have been prepared in accordance with the requirements of tha Companles Act 2006. Basls for oplnlon We conducted our audit in accordance wllh Internatlonal Standards on Auditlng (UK) {ISAs {UK)) and appllcable law. Our responsibilitie8 under Ihose standards are further dasulbed In the Auditorts responslblllties for Ihe audlt ol the financi81 slatem•nts soction of our report. We are independenl of Ihe charily in accordance wlth the ethlcal requirements thal are relevant to our audit of the financial stalements in the UK, including the FRC'S Ethical Standard, and V￿ have fulfilled our other ethlcal responsibilities in accordance with these requirements. We believe that the audit evidence we have Obtained is $uffi¢ient and approprlate to provlde a basis for our opinion. Concluslons rèlating to golng conc•rn In auditing the financial statements, wg have conduded that the Trustees, use of the going concern basis of accounting in the preparation of the financial statements Is approprlate. Based on Ihe work we hava performed, have not Identified any material uncertainties relating to events or conditions that, individually or ¢o11gctlvely, may cast significant doubt on the charity's ability to continue as a going ncarn for a period of at least twelve months from when the flnandal statemerts are authorised for issue. Our responsibillties and the responsibilitles of the Trustees with respect to golng concern are described in the relevant Sections of this report. Centiiry Ilouse 40 Crescent Business Pui'k LISEIURN B'f28 2GN 17 TrSandcville Street PORTADOWN Crai84lVOD B'f62 3PIS BELFAST BTr 8EQ DX3910 NR Belfast 50 Tel: +44 (0)28 9031 IAA3 F￿% +44 (0)28 9031 OTn Tel: +44 (oJ28 9260 T355 F&¥: +44 (0128 9260 16.%6 Tel.. +4410)28 383'.4 2801 ri&ix'. +44 (0)28 3835 0293 GM¢Gb•￿d￿8TrMnÉOfGMQGGt0uPlJrnI￿. RryNo: NIO5966tr. uoofDitttthl$4￿i￿bi¢4l1ryi4e[QdOir AllemberrA11AG .AW0rtdwWeAllaTh¢*dltyJèpend￿Ae¢Qu￿thiFknTh

CAMPHILL COMMUNITIES TRUST {NI) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CAMPHILL COMMUNITIES TRUST (NI) other Informatlon The other information comprises the infomiation included in the annual report other than the fina￿la1 statements and our audltor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our ¢pinlon on the financial ststements does not cover the other infomalion and, except to the extent olh8n4vise explicitly stated in our report, we do not express any fom of assurancè conclusion thereon. Our responslbility is to read the other infomation and, in doing so. consider whether the other Information is maierially inconsistent wlth the financial statem8nts or our knowledge obtained in the ¢ours& of the audit. or oihenvlse appears to be materially mlsstated. If we identify such material inconsistencies or apparent material misstatements. we are requlred 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 ihere is a rnalerlal misstatement of this other information, we are required to report Ihal fact. We have nothing to report in thls regard. Oplnlon8 on other matt•r4 pYg•erlb•d by th• Companles Act 2006 In our oplnlon. based on the work undertaken in the course of our audit.. the infornation glven in the Trustees. report for the finandal y8ar for which the financial statemgnts are prèpared, which includes the directors, report prepared for the purposes of company law, is consistent with the financial statemenls., and the directors. report Included wlthin the Truslees, report has been prepared in accordance with applicable légal requlrements. Mattors on whlch w8 aro requlred to report by gXC•Ptlon In the light of the knowledge and understanding of the charlty and Its environment obtalned in the course of the audit. wa have not identified material misstatements in the directors, report induded within the Trust88s' report. We have nothing to report in respect of the following matters in relation to vthich the Companies Act 2006 requlres us to report to you If, in our opini¢)n: adequate accounting records have nol been kept. or returns adequate for our audil hav& not been received from branche8 not Visited by us. or the financial statements are not in agreement wlth 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 entilled to prepare the financial statements in accordance with the small companies reglme and take advantage of the small companies. exemptions in preparing the Trustees, report and from the requlrem8nt to prepare a strategic report.

CAMPHILL COMMUNITIES TRUST (NI) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CAMPHILL COMMUNITIES TRUST (NI) Responslbllities of Tru8ts0$ As explained more fully In the statement of Truste8s' responsibilities. the Trustees, who are also the directors of the charty for th8 purpose of company law. are responsible for Ihe preparation of the financial statemenls and for being 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 financial statements that are free from materlal misstatemen( whether due to fraud or error. In preparing the financlal statements. the Trustees are responsible for assessing the chailty's ability to conlinue as a going concern, disdosing, as applicable, matters related to going concem and using the golng concem basis of accounting unless the Trustees either intend to liquidate the charitable company or to Cease oparatlons. or have no realistic alternative but to do so. AudltoVs r•sponslbllltl•s lor the audlt of tho flnanclal stalement• Our objectives are to obtain reasonable assurance about whelhei the financlal statements as a whol8 are free from materlal misstatement, vtheth8r due to fraud or error. and to issue an auditoi's report 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) wlll always detect a matenal misstatement when It exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate, Ihey could reasonably be expected to Influence Ihe economi¢ decisions of users taken on Ihe basls of these llnancial stalements. The extent to which our procedures are capable ol detectlng Irregularities, including fraud, Is detailed below. 10-

CAMPHILL COMMUNITIES TRUST (NI) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CAMPHILL COMMUNITIES TRUST (NI) Exte￿ to whlch the audlt was consldered capable of detectlng Irrogularltl•&, Includlng fraud We identify and assess the risks of materlal misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive lo those risks, including obtaining audit evidence that is sufficient and appropriate to provlde a basis for our opinion. In idantifying and assessing potential risks of material misstatement in resp8Ct ol irregularltle4 including fraud and non-compllances with laws and regulations, we considered the foll¢)wing'. The nature of the industry and $8Ctor. control environment and business performance, including tho company's remuneration policies for directors, bonus levels and parformance targets, if any., Results of our enquiries of management about their own identificats.on and assessment of the risks of irregularitles., Any matters we identlfied having obtained and reviewed the company's documentalion of thelr policies and procedures relating to- Idenbfylng, evaluating and complying with Saws and ragulattons and wthether they were aware of any in￿anCe of non-compliance; Detecting and responding to the risks of fraud and whether they have and knowledge of any actual, suspected or alleged fraud; and The Internal controls established to mitigate risks of fraud or non-complian¢e wlth laNvs and regulalions., The matters dlscussed among the audit engagement team regardlng how and where fraud mighl occur in tha financial statements and potential indicators of fraud. As a result of these procedures, we considar8d the opportunities and incentives that may exist within the company for fraud and identified the greatest potential for fraud in income recognltlon. In common Vhlh all audits under ISAS (UK), we ara also required to perform specific procedures to respond to th? rlsk of management overrlda. We also obtained an understanding of the legal and regulatory frameworks that the company operates in, focusing on provisions of those laws and regulations that had a dired effect on the determination of materlal amounts and disclosures In the financial statam8nts. The key laws and regulations we consldered in this context Included the Companies Act 2018, and local tax legislation. In addltion, we considered provisions of other laws and regulations that do not have 8 direct effect on th& financial slatements but compliance wlth which may be fundamental to the company's abllity to operate or to avold a material penalty. 11

CAMPHILL COMMUNITIES TRUST (NI) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CAMPHILL COMMUNITIES TRUST (NI) Audll response to rlsk8 Identlfled Our prt)¢edures to respond lo the risks idents'fied induded the following.. Reviewing the financial statement disclosures and testing lo supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on Ihe financlal statements. Enquiring of management concarning actual and potential litigation and claims; Performing analytical procedurés to identify any unusual or unexpected relationships that may indicate risks of rnaterial misstatement due to fraud,. Reading rninutes of me?tlngs of those charged with govamance and reviewing correspondence with tax auth￿ill•S,. and In addressing the risk of fraud through management override of Gontrols, testing the approprialene55 of lournal enlries and other adjuslments: assessing vh)ether the judgements made in making accounting estimates are indicative of a potentlal bias., and evaluating Ihe business rationale of any sIgnific￿l transactions Ihat are unusual or outside the normal course of business. Vve also communicated relevant identified laws and regulation$ and potential fraud risks to all engagement leam members and r¢malned alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. Owing to the inherent limrtations of an audit, Ihere is an unavoidable risk thal we may not have detected some material misslatements in the financial stataments, even though we have properly planned and performed our audit in accordance with auditing standards. In addition, as wlth any audit. there remains a hlgher risk of non-delection of irregularlties, as they may involve collusion. forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responslble for preventing non-compllance and cannot be expected to dètecl non- compliance wilh all laws and regulations. A further description of our responsibilities 13 avallable on the Financial Reporting Council's website at: https:11 WVoW.frc.org.uklauditorsresponslbllllies. This description forms part of our auditorfs report. 12-

CAMPHILL COMMUNITIES TRUST (NI) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF CAMPHILL COMMUNITIES TRUST (NI) Us• of our report Thls report is made solely lo the charitable company's members, a8 a body, in a¢c¢rdance with Chapter 3 of Part 16 of the Companies Act 2008. Our audit work has been undertak8n so that might state to the charIta￿e company's members those matters we are required to state to them in an audltor's report and for no other purpose. To the fullest extent permitted by law, do not accept or assume responsibility to anyone other than the Charitable company and the charitable companls members as a body, for Lwr audit work. for this report. or for th& opinions we have fomied. Mr NSgo1 Moor A (S8nlor Statutory Audltor) for and on behalf of GMCG BELFAST J,-éJ4 Chartergd Accountants Statutory Audltor Chartered Accountants & Slatulory Auditor Alfred House 19 Alfred Street Belfast 8T2 8EQ 13-

CAMPHILL COMMUNITIES TRUST (NI)

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 JANUARY 2024

Unrestricted
funds
2024
Notes
£
Income and endowments from:
Donations and legacies
3
207,160
Charitable activities
4
104,620
Investments
5
10,575
Other income
6
228
Total income
322,583
Expenditure on:
Charitable activities
7
599,828
Net expenditure for the year/
Net movement in funds
(277,245)
Fund balances at 1 February 2023
9,285,171
Fund balances at 31 January 2024
9,007,926		 Total
2023
£
6,878
189,236
2,616
64,533
263,263
818,145
(554,882)
9,840,053
9,285,171

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

CAMPHILL COMMUNITIES TRUST (NI) BALANCE SHEET AS AT 31 JANUARY 2024 2024 2023 Notes Flxed assets Tangible assels 13 6,035,791 6,260,761 Current a88Ots Debtor6 Cash at bank and In hand 14 12,249 3,25Q,409 65,418 3,247,969 3,262,658 3,313,387 Credltar8: amcbunts falllng due wlthln on• yaar 1S 1290,523) 1288,977) Net current assets 2,972,135 3,024,410 Total assets less currènt liobllltles 9,007,926 9,285,171 In¢ome funds nrestric ed fun Designated funds G8neral unreslricted funds 17 8,130,791 877,135 8,155.761 1,129,410 9.007,926 9.285,171 9,007,926 9,285.171 Th8 financial stalement5 were approved by the Trustees on ..i.p.I;. I Mrs A Diesel Trustee Ms L Wallace Truste• Company regi$tratlon number N1003345 15-

CAMPHILL COMMUNITIES TRUST (NI)

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 JANUARY 2024

Notes
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
19
Investing activities
Purchase of tangible fixed assets
Repayment of investment loans and
receivables
Investment income received
Net cash used in investing activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2024
£
£
94,601
(113,226)
10,490
10,575
(92,161)
-
2,440
3,247,969
3,250,409		 2023
£
£
(85,193)
(567,587)
(10,490)
2,616
(575,461)
-
(660,654)
3,908,623
3,247,969

CAMPHILL COMMUNITIES TRUST (NI)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

1 Accounting policies

Charity information

Camphill Communities Trust (NI) is a public benefit entity and a private company limited by guarantee, incorporated in Northern Ireland and a registered charity in Northern Ireland. The registered office is 8 Shore Road, Holywood, BT18 9HX.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Articles of Association, the Companies Act 2006 and "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 (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

CAMPHILL COMMUNITIES TRUST (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

1 Accounting policies (Continued)

1.5 Expenditure

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Prior to transition to FRS 102, property was stated at either cost or valuation carried out during the year ended 31 January 1983. On transition to FRS 102 valuations at 31 January 1983 have been used as deemed cost.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property 2.5% Straight line Leasehold improvements 2.5-5% Straight line Fixtures and fittings 10% Straight line Motor vehicles 25% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

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 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 unit 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 assets 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 liabilities of the charity are assigned to those units.

CAMPHILL COMMUNITIES TRUST (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

1 Accounting policies (Continued)

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

A financial asset or a financial liability is recognised only when the entity 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, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.

Where investments in shares or preference 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.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

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 a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

CAMPHILL COMMUNITIES TRUST (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

2 Critical accounting estimates and judgements (Continued)

Key sources of estimation uncertainty

Fixed assets

The annual depreciation charge on fixed assets depends primarily on the estimated lives of each type of asset and estimates of residual values. The directors regularly review these asset lives and change them as necessary to reflect current thinking on remaining lives in light of prospective economic utilisation and physical condition of the assets concerned. Changes in asset lives can have a significant impact on depreciation and amortisation charges for the period. Detail of the useful lives is included in the accounting policies.

3 Donations and legacies

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Donations and gifts 6,183 6,006
Ciaran-Colman redevelopment donation 200,000 -
NIE Wayleaves 977 872
207,160 6,878

4 Charitable activities

2024 2023
£ £
Charitable rental income 104,620 189,236

5 Investments

**Unrestricted ** Unrestricted
funds funds
2024 2023
£ £
Interest receivable 10,575 2,616

CAMPHILL COMMUNITIES TRUST (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2024

6 Other income

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Other income 228 30
Hazel Grove contribution - 64,503
228 64,533

7 Charitable activities

Staff costs
Depreciation and impairment
Rent
Repairs and maintenance
Insurance and rates
Motor vehicle and travel expenses
Other professional fees
Telephone
Other office costs
Membership fees
Training costs
Bank charges
General expenses
Advertising, public relations and fundraising
Financial support to the communities
Share of support costs (see note 9)
Share of governance costs (see note 9)		 2024
£
96,532
338,196
-
47,466
11,252
1,059
45,572
2,096
1,191
624
3,936
285
5,401
162
22,000
575,772
18,378
5,678
599,828		 2023
£
75,251
328,851
11
220,436
12,333
890
76,763
3,449
4,155
1,177
696
305
3,450
2,558
50,000
780,325
32,422
5,398
818,145

8 Description of charitable activities

Charitable Expenditure

The charity has one main charitable activity, which is to provide protection and preservation of the community and family life, with the requisite level of professional care and support provided by committed individuals to meet the needs of the residents.

CAMPHILL COMMUNITIES TRUST (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

9
Support costs
Support
costs
Governance
costs
£
£
Administration support
4,316
-
Accounting and finance
support
14,062
-
Audit fees
-
5,652
Corporate governance
-
26
18,378
5,678
Analysed between
Charitable activities
18,378
5,678		 2024
Support
costs
Governance
costs
£
£
£
4,316
18,526
-
14,062
13,896
-
5,652
-
5,100
26
-
298
24,056
32,422
5,398
24,056
32,422
5,398		 2023
£
18,526
13,896
5,100
298
37,820
37,820

Governance costs includes payments to the auditors of £5,652 (2023- £5,100) for audit fees.

10 Trustees

None of the Trustees (or any persons connected with them) received any remuneration during the year, but one of them were reimbursed a total of £10 travelling expenses (2023- Nil).

11 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
Management and support 2 1
Employment costs 2024 2023
£ £
Wages and salaries 82,585 64,569
Social security costs 5,688 4,157
Other pension costs 8,259 6,525
96,532 75,251

Key Management Personnel

Key management personnel includes all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total remuneration payable to those key management personnel for services provided to the charity was £82,210 (2023 - £79,860).

CAMPHILL COMMUNITIES TRUST (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

11 Employees (Continued)

The number of employees whose annual remuneration was more than £60,000 is as follows:

is as follows:
2024 2023
Number Number
In the band £70,001 to £80,000 - 1
In the band £80,001 to £90,000 1 -

12 Taxation

The charity is exempt from income tax and capital gains tax to the extent that its income and gains are applied for charitable purposes. No tax charge has arisen in the year.

13 Tangible fixed assets

Cost
At 1 February 2023
Additions
At 31 January 2024
Depreciation and impairment
At 1 February 2023
Depreciation charged in the year
At 31 January 2024
Carrying amount
At 31 January 2024
At 31 January 2023
14
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income		 Freehold
property
Leasehold
improvements
£
£
14,059,863
797,245
-
110,420
14,059,863
907,665
8,116,732
484,259
316,333
20,445
8,433,065
504,704
5,626,798
402,961
5,943,131
312,986		 Fixtures and
fittings
Motor vehicles
£
£
1,332,415
15,828
2,806
-
1,335,221
15,828
1,327,771
15,828
1,418
-
1,329,189
15,828
6,032
-
4,644
-
2024
£
3,677
558
8,014
12,249		 Total
£
16,205,351
113,226
16,318,577
9,944,590
338,196
10,282,786
6,035,791
6,260,761
2023
£
39,557
11,048
14,813
65,418

CAMPHILL COMMUNITIES TRUST (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

15
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
3,285
46,915
16,892
223,431
290,523		 2023
£
4,789
30,258
7,663
246,267
288,977

16 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £8,259 (2023 - £6,525).

CAMPHILL COMMUNITIES TRUST (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

17 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Property fund
Future capital expenditure fund
Ciaran-Colman redevelopment fund		 Balance at
1 February
2022
£
6,022,025
1,895,000
-
7,917,025		 Resources
expended
£
(328,851)
-
-
(328,851)		 Transfers
£
567,587
-
-
567,587		 Balance at
1 February
2023
£
6,260,761
1,895,000
-
8,155,761		 Movement in funds
Incoming
resources
Resources
expended
Transfers
£
£
£
-
(338,196)
113,226
-
-
-
200,000
-
-
200,000
(338,196)
113,226		 Balance at
31 January
2024
£
6,035,791
1,895,000
200,000
8,130,791

Property fund

Property fund is the value of unrestricted funds represented by the tangible fixed assets owned and used by the charity on an ongoing basis in meeting its charitable purpose.

Future capital expenditure fund

Future Capital Expenditure Fund has been created to fund anticipated capital expenditure identified through the Stock Condition Survey.

Ciaran-Colman redevelopment Fund

Ciaran-Colman redevelopment Fund has been created to fund the redevelopment of the Ciaran-Colman buildings at Camphill Community Glencraig.

Transfers

In the year, £113,226 has been transferred from unrestricted funds to designated funds. The transfers relate to the carrying value of leasehold improvements and fixtures and fittings.

CAMPHILL COMMUNITIES TRUST (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2024

18 Related party transactions

Transactions with related parties

CCT(NI) supports the Camphill ethos. This includes companies within the Communities and Camphill Social Fund (N.I.).

Financial Support Financial Support
Expenditure
2024 2023
£ £
Camphill Communities 22,000 50,000
22,000 50,000
Rental income
2024 2023
£ £
Camphill Communities 102,870 184,351
102,870 184,351

In the prior year, the Clanbogan community made a contribution of £64,503 towards the construction costs of the Hazelgrove property, which is on the Clanabogan site but is owned by CCT(NI).

The following amounts were outstanding at the reporting end date:

Amounts owed by related Amounts owed by related
parties parties
2024 2023
Balance Net Balance Net
£ £ £ £
Camphill Communities 57,966 57,966 50,047 50,047
57,966 57,966 50,047 50,047

CAMPHILL COMMUNITIES TRUST (NI)

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JANUARY 2024

19 Cash generated from operations 2024 2023
£ £
Deficit for the year (277,245) (554,882)
Adjustments for:
Investment income recognised in statement of financial activities (10,575) (2,616)
Depreciation and impairment of tangible fixed assets 338,196 328,851
Movements in working capital:
Decrease/(increase) in debtors 42,679 (37,837)
Increase in creditors 1,546 181,291
Cash generated from/(absorbed by) operations 94,601 (85,193)
20 Analysis of changes in net funds

The charity had no debt during the year.