Camphill Community Clanabogan Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 January 2023 2023 Restricted funds Total funds 2022 Unrestricted funds Total funds Note Income and endowments Donalions and legacies Charitable 8Ctivilies 58,903 1.267,323 1,326,226 58,903 1,841,392 182.401 1.713,916 1,896,317 574,069 Total income 574,069 1,900,295 Expenditure Expenditure on charitable activities Total expenditure 1.302,032 582,021 1,884,053 1,884,053 1.714,834 1.302,032 582,021 1,714,834 Net income and net movement in funds 24,194 (7.9521 16,242 181,483 Reconciliation of funds Total funds brought forward Total funds Carried forward 2,954,400 2,978,594 53,933 45.981 3,008,333 2,826,850 3,008,332 3,024,575 The statemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from conlinuing activities. The notes on pages 17 to 29 fomi part ofthese financial statements. 14- Camphill Community Clanabogan Company Limited by Guarantee Statement of Financial Position 31 January 2023 2023 2022 Noto Flxed assets Tangible fixed assets 14 2,007,366 1.754.941 Current assets Stocks Debtors Resident's Funds Cash at bank and in hand 15 16 17 105,660 213,059 136,980 1,449,249 118,190 145.866 313,751 1.576,415 1,904.948 2,154,222 Creditors". amounts falling due withln one year Net current assets 19 887,739 900.830 1,017,209 3,024,575 1.253,392 Total assets less current liabilities 3,008.333 Net assets 3,024,575 3,008,333 Funds of the charity Reslricled funds Unrestricted funds 45,981 2,978,594 3,024,575 53.933 2,954.399 Total charity funds 21 3,008,332 These financial statemenls were approved by the board of trustees and authorised for issu8 on 15 May 2023, and are signed on behalf of the board by: Mr K Matth Trustee Mls D Stevenson Trustee The notes on pages 17 to 29 fomi part of these Ilnanclal statemgnts. 15- Camphill Community Clanabogan Company Llmited by Guarantee Statement of Cash Flows Year ended 31 January 2023 2023 2022 Note Cash flows from operating activities Net income 16,242 181,483 Adjustments for.. Depreciation of langible fixed assets Accrued expenses 101,897 52,410 91,519 2,240 Changes in." stocks Trade and other debtors Trade and other creditors Cash generated from operations Nel cash from operating activities 12,530 (67,193) (65,501) 50.385 (26,767} 107,984 106,207 462,666 462,666 50,385 Cash flows from Investlng actlvltles Purchase oftsngible assets Net cash used in investing aclivities {354,322) 1354,322) (66.457) (66,4571 Net {de¢rease)Ilncrease in cash and cash equivalents Cash and cash equivalents at beginnlng of year Cash and cash equlvalents at end of year (303,9371 1,890,166 396,209 1.493,958 1,890,167 18 1,586,229 The notes on pages 17 to 29 forrn part of these financlal statements. 16- Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements Year ended 31 January 2023 General information 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 15 Drudgeon Road, Omagh. Co Tyrone. BT78 1TJ. statement of Compllance These financial statemenls have been prepared In compliance with FRS 102. 'The Financial Reporting Standard applicable in th8 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 policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by th8 revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial slatements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's abilily to continue. Judgements and key source5 of estimalion uncertainly Estimates and judgèments are continually evaluated and are based on historical experience and othèr factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestrided funds earmarked by the Irustees for particular future project or commitment. Restricted funds are subjeGled to restrictions on their expenditure declared by the dorbor or through the terms of an appeal, and fall into one of sub-classes: restricted income funds or endowment funds. 17 Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 January 2023 Accounting policies (continuedj Incoming resources All incoming resources are included in the statement of financial activilies 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 al the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost lo 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 Services is recognised with th8 delivery of the contracted service. This is classified as unrestrict8d funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case il may be regarded as restricted. Resources expended 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 il relates: expenditure on raising funds includes the costs of all fundraising aclivilies, events, non-charitsble trading activitiès, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activitie5 that further its charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating lo the governance of the charity apportioned to charitable activities. other expenditure includes all expenditu￿ that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure calegories reflecting the use of the resource. Direct costs allributable lo a single activity are allocated directly lo that aclivily. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tanglble assets All fixed assets are initially recorded at cost. 18- Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements {conlinued) Year ended 31 January 2023 Accounting policies (continued) Depreciation Depreciation is calculated so as to wrile off the cost or valuation of an asset, less ils residual value. over the useful eoonornic life of thal asset as follows.. Freehold Property Leasehold Property Fixtures & Fittings Motor Vehicles Plant & Machinery Nol Depreciated 40/0 Straight line 25010 straight line 150/¢ Straight line 100/0 straight line Impalrment of fixed assets A review for indicators of impaimient 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 P055ible to estimate the recoverable amount of an individual assel, an estimate is made of the recoverable amount of the cash-generating unit lo 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 group5 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-generaling units that are expected to benefit from the synergies of the comblnation, irr8speclive of whether other assels or liabilities of the charity are assigned lo those units. Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the Gontractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and currenl liabilities are subsequently measured at the cash or olhgr consideration expected to be paid or received and not discounted. Debt instruments are subsequently m8asured at amortised cost. 19 Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 January 2023 Accounting policies (continued) Financial instruments (continued) Where investment5 iri shares are publicly traded or their fair value Can otherwise be measured reliably, the inveslTnent 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 inslruments, 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 discounled at a market rate of interest for a similar debt inslrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities. with the exception of hedglng inslruments in a designated hedging relationship. Financial assets that are measured al cost or amortised cost are reviewed for objective evidence of irnpairment al Ihe end of each reporting dale. If there is objective evidence of impairment, an impaimient loss is recognised under the appropriate heading in the statement of financial activities in whlch the inltial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually lor impairment. 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 Ihal the roversal does nol resull in a carrying amount of the financial asset that exceeds whal the carrylng amount would have been had the impaimient 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 exlenl that Ihe 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. Limited by guarantee The company is limited by guaranlee, the members being required lo pay not more than £5 in the event of a winding up. Donattons and legacies Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations 9,424 9,424 -20- Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements (conllnuedj Year ended 31 January 2023 Donations and legacies (continued) Unrestrlcted Funds Restricted Total Funds Funds 2023 Grants NIHE Covid Grant Innovative Fund WHSCT Covid Grant Young Co-workers funding Social Fund Income BOS Special Recognition Grant 5,949 5,949 15,020 15.020 Other donations and legacies Craigowen Housing Association Old Age Pension Refunds 15,000 13.510 15,000 13,510 58,903 58.903 Unrestricted Funds Restricted Total Funds Funds 2022 Donations Donations 21,857 21.857 Grants NIHE Covid Grant Innovallve Fund WHSCT Covid Grant Young Co-workers funding Social Fund Incorne BOS Special Recognition Grant 44,065 44,065 14,202 9,824 19,647 17,217 24,048 14,202 9,824 19,647 17.217 24,048 Other donations and legacies Craigowen Housing Association Old Age Pension Refunds 15,000 16,541 15,000 16,541 144,151 38.250 182,401 21 Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements (¢ontinued) Year ended 31 January 2023 Charitable activities Unrestricted Funds Restricted Tolal Funds Funds 2023 Sundry Income Renewable Heat Incenlive Rental Income Farm Bakery Weavery Woodwork Care package Supporting people Resident's charges Supporting people- Self funders CandlelPottery Employee 'live in exp8nses' 13,112 2,492 19,067 15,825 480 1,722 994 909,278 13,112 2,492 19,067 15,825 480 1,722 994 909,278 516,536 292,621 57,533 589 11.143 516,536 292,621 57,533 589 11,143 1,267,323 574,069 1,841,392 Unrestricted Funds Restricted Total Funds Funds 2022 Sundry Income Renewable Heat Incentive Rental Income Farm Bakery Weavery Woodwork Care package Supporting people Resident's charges Supporting people- Self funders CandlelPottery Employee 'live in expenses. 7,308 1,977 15,035 27,071 333 1,854 617 871,628 7,308 1,977 15,035 27.071 333 1,854 617 871,628 548.654 239.029 548,654 239,029 410 410 1,165,262 548,654 1,713,916 -22- Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 January 2023 Expenditure on charitable activities by fund type Unrestrlcted Funds Restricted Total Funds Funds 2023 Community costs Farm Estate & garden Bakery Weavery Woodwork Polterylceramic5 Support costs 1.225,082 52,243 9,336 5,904 2,559 2,230 (1331 4,811 582,021 1,807,104 52,243 9,336 5,904 2.559 2,230 (133) 4,810 1.302,032 582,021 1,884,053 Unrestricted Funds Restricted Total Funds Funds 2022 Cornmunity costs Farrn Estate & garden Bakery Weavery Woodwork Potterylceramics Support costs 1,054,617 39.250 6.968 3,268 1,375 1,013 565 5,050 602,729 1,657,345 39,250 6,968 3,268 1,375 1,013 565 5.050 1,112,106 602,729 1,714,834 Expenditure on charitable a¢tivities by activity type Activities undertaken directly Support costs Total funds 2023 Total fund 2022 Community costs Fami Estate & garden Bakery Weavery Woodwork Potterylceramics Governance costs 1,807,104 52,243 9.336 5.904 2,559 2,230 (133) 1,807,104 52,243 9,336 5,904 2,559 2,230 (1331 4,810 1,884,053 1,657,345 39.250 6,968 3,268 1,375 1,013 565 5,050 4,810 1,879.243 4,810 1,714,834 -23- Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements {¢ontinued) Year ended 31 January 2023 Analysis of support costs Analysis of support costs activity 1 Total 2023 Tolal 2022 Governance costs 4,813 4,813 5,052 10. Net in¢ome Net income is stated after chargingllcrediting}'. 2023 2022 Depreciation of tanglble fixed assets 101,897 91,519 11. AuditOTS remuneration 2023 2022 Fees payable for the audit of the financial statements 4,813 5,052 12. Staff costs The average head count of employees during the year was 4812022.. 42). The average number of full-time equivalent employees during the year is analysed as follows: 2023 2022 Number of Staff 48 42 No employee received employ88 benefits of more than £60.000 during the year12022: NIS). 13. Trustee remuneration and expenses No truslee received any remuneration or other benefits from employmenl with Camphill Commurlity Clanabogan or any other related entity. However as outlined In Note 24 (Related Parties) three trustees Ilve within the community and thelr living expenses are paid by ihe community. -24- Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements fconlinuedj Year ended 31 January 2023 14. Tangible fixed assets Long Freehold leasehold property property Equipment Molor Plant & vehicles Machinery Total Cost At 1 Feb 2022 Additions 360,541 1.495,197 247,657 4,775 37,710 126,555 342,429 2,362,432 101,890 354,322 At 31 Jan 2023 608,198 1,499,972 37.710 126,555 444,319 2,716,754 Depreciation At 1 Feb 2022 Charge for the year 5.683 216,764 24,386 100.856 259,802 607,491 59,999 7,011 31,397 8,885 26,002 101,897 At 31 Jan 2023 5,683 276,763 109,741 285,804 709,388 Carrying amount At 31 Jan 2023 602,515 1,223,209 6,313 16,814 158,515 2,007,366 82,627 1,754,941 At 31 Jan 2022 354,858 1,278,433 13,324 25,699 15. Slocks 2023 2022 Raw materials and consumables 105,660 118.190 16. Debtors 2023 2022 Trade debtors Prepayments and accrued income other debtors 192,987 18,123 1,949 131,590 13,340 936 213,059 145,866 17. Resident's funds 2023 2022 Money held on behalf of resident's 136,980 313,751 -25- Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements (conttnuedj Year ended 31 January 2023 18. Cash and cash equivalents Cash and cash equivalents comprise the following.. 2023 2022 Cash at bank and in hand Resident's funds 1,449,249 136,980 1.576,415 313,751 1,586,229 1,890,166 19. Creditors: amounts falling due wlthln one year 2023 2022 Accruals and deferred Income Social security and other taxes Money held on behalf of residents other creditors 103,818 9,681 136,980 637,260 51,408 10,599 313,748 525.075 887,739 900.830 Other Creditors above comprise the following.. 2023 2022 Camphill Social Fund (Nll Old Age Fund 237,677 399,583 637,260 182,992 342,083 525,075 20. Pensions and other post retirement benefits Deflned contribution plans The amount recognised in income or expenditure as an expense in relation lo defined contribution plans was £16,444 (2022-. £15.417}. -26- Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements (conlinu*d) Year ended 31 January 2023 21. Analysis of charitable funds Unrestricted funds Al 1 February 20 22 At 31 January 2 023 Income Expenditure General funds Revaluation Reserve 2,135.400 819.000 1,326,226 (1,263,032) {39,000} 1,326,226 {1,302,0321 2.198,594 780,000 2,954,400 2.978,594 At 1 February 20 21 Al 31 January 20 22 Income Expenditure General funds Revaluation Reserve 1.899,092 858,000 1,309,413 (1,073,106) 2,135.399 {39,000) 819,000 1,309,413 (1,112,106} 2,954.399 2,757,092 Restricted funds At 1 February 20 22 At 31 January 2 023 InGome Expenditure DFC-Supporting People Funding Donalions Account Gift of land from CCTNI BOS Special Recognition Grant Innovative Fund 574,069 (574,069) 20,195 25,000 20.195 25,000 8,738 {7,952) 1582,021) 786 53,933 574,069 45,981 At 1 February 20 21 At 31 January 20 22 Income Expenditure DFC-Supporting People Funding Donations Account Gift of land from CCTNI BOS Special Recognition Grant Innovative Fund 24,563 20,195 25,000 548,653 (573,216) 20,195 25,000 24,048 14,203 124,048} 15,465) (602.729) 8,738 69,758 586,904 53.933 -27- Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 January 2023 22. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 1.982,366 1,883,967 (887,739) 2,978,594 25.000 20,981 2,007,366 1,904,948 {887,739) 3,024,575 45,981 Unr8Stricted Funds Restricted Total Funds Funds 2022 Tangible fixed assets Current assels Creditors less than 1 year Net assets 1,729,941 2,125,288 {900,830) 2,954,399 25,000 28,934 1,754,941 2,154,222 (900,8301 3,008,333 53,934 23. Analysls of Changes in net debt At At 1 Feb 2022 Cash flows 31 Jan 2023 Cash at bank and in hand Money held on behalf of residents 1,576,415 313,751 (127,166} 1,449,249 {176,7711 136.980 (303,9371 1,890,166 1,586.229 24. Trustee5 In June 2022. the trustees identified issues with the appointment of members and trustees. The trusleos sought legal advice. which confimied thal the members have not been appointed in accordance with the Articles of Association nor has Ihe board been constituled in accordance with the Articles of Association. The trustees have informed Ihe Charity Commission of Northern Ireland 8nd its funders of the issue and continue to seek to rectify same. 28- Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements (continu•d) Year ended 31 January 2023 26. Related parties No members of the management committee received any remuneration during the year, however three trustees live within the Community and their living expenses are paid by the Community. It is not practical to quantify these expenses. Camphill Community Clanabogan is also linked lo Camphill Communities Trust INI}. One member of Camphill Community Clanabogan's Management Council sat on Ihe Management Council of the Trust. It is Camphill Communities Trust (Nll that own the freehold lo the majority of the property as used by the Charity. An annual renlal charge of £15.060 is paid by the Charity to the Trust in this respect. The Charity is also linked to Camphill Social Fund (Nl}. Two Camphill Community Clanabogan Co-workers sit on the Management Council of that charity also. During the year Camphill Community Clanabogan was charged £54,685 towards the 'Social Fund, by Camphill SoGial Find INI). At the year end Camphill Community Clanabogan owed Camphill Social Fund {Nll £237.677. -29- Camphill Community Clanabogan Company Limited by Guarantee Management Information Year ended 31 January 2023 The followlng pages do nol form part of the financial statements. -30.