Camphill Community Clanabogan Company Limited by Guarantee statement of Financial Activities (including Income and expenditure account) Year ended 31 January 2024 2024 Reslricled funds Total funds Total funds 2023 UnrestriGled funds Note Income and endowments Donations and legacies Charitable activities Investment income 67,616 1,432,395 5,006 9,690 539,686 77,306 1,972,081 5,006 58,903 1,841,392 Total income 1,505,017 549,376 2,054,393 1,900,295 Expendlture Expenditure on charitable activities Total expenditure 1,493,716 1,493,716 540,472 2,034,189 1,884,053 540,472 2,034,189 1,884,053 Net income 11,301 8,904 20,204 16,242 Transfers between funds 9,690 (9,690) Net movement in funds 20,991 (786) 20,204 16,242 Reconciliatlon of funds Total funds brought foNard Total funds carried foward 2,978,594 45,981 3,024,575 3,044,780 3,008,333 2,999,585 45,195 3,024,575 The slal6nienl of financial activities includes 811 gains and losses recognlsed in the year. All income and expenditure derive from oonlinuing activities. The notes on pages 17 10 28 form part of these financlal stateinenls. 14-
Camphill Communlty Clanabogan Company Llmited by Guarantee Statement of Flnancial Position 31 January 2024 2024 2023 Note Flxed assots Tangltjlo Ilxed assBIs ,944,724 2,007,366 Cui'rent assets Slocks Deblors Investments Cash at ban1( and In hand 16 17 d8 131,442 194,586 117,350 1,575,905 2,019,283 105,660 213,059 136,980 1,449,249 1,904.948 CradltOY8: ainounts falllng due wllhln one year Net current assels Total assets less current Ilabllltles Net assees 20 919,228 $187,739 1,017,209 3,024,575 3.024,57J 1,100,055 3,044,779 3,044,779 Funds of th8 charlty Reslrlcted funds Unrestrloled fuiids Total Gharlty funds 45,195 2,999,585 3,044,780 45,981 2,978.594 3,024.575 22 ThosB flnanclal sl818monl8 ware approved by the board of Iruslees and 8ulhorl88d for Issue on 29 May 2024, and are slgned on bahaSf of the board by.. Mr l( Mallhews Trusloe Mls O Stevenson Trustee Th& 110198 oli pages 17 to ?.Q forili PSLII of Iliese Iliiaiiclnl slaleii?eiil$.
Camphill Community Clanabogan Company Limited by Guarantee statement of Cash Flows Year ended 31 January 2024 2024 2023 Note Cash flows from operatlng activities Nel inGome 20,204 16,242 Adjustmei?ts for.. Deprecialion of tangible fixed assets Other interest receivable and similar incorne AGGrued lincome)lexpenses 101,480 (5,006) {50,657) 101,897 52,410 Changes in.. Stocks Trade and othei. debtors Trade and other creditors {25,782) 18,473 82,146 12,530 {67,193) {65,501) 50,385 Cash generated from operallons 140,858 Intei-est recelved Net cash from operating activities 5,006 145,864 50,385 Cash flows from investing activities Purchase of tangible assets Net cash used in investing activities 138,838) (354,322) {38,838) (354,322) Net increaselldecreasel in cash and cash equivalents Casli and cash equivalents at beglnnlng of year Cash and cash equivalents at end of year 107,026 1,586,229 19 1,693,255 {303,937) 1,890,166 1,586,229 Tlie notes 011 pages 17 to 20 form part of these fiiiancial statements. 16-
Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements Year ended 31 January 2024 General information The charily is a public benefit entity aiid a private Gompany limited by guaranlee, registered in Northern Ireland and a regislered Charily In Northern Ireland. The address of the registered office is 15 Drudgeon Road, Omagh, Co Tyrone, BT78 1TJ. statement of compliance These financial statements have been prepared in Gompliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, tlie Statement of Recommended Practice applicable to cliarilies pi'eparing their accounls in accordance with tha Financial Reporting Standai'd applicable in the UK and Republic of Ireland {FRS 102) (Charities SORP IFRS 102)) and the Companies Act 2006. Accounting pollcies Basls of preparation The financial statements have been prepared on the hisloriGal cost basis, as modified by the revaSualion of certain financial assets and liabilities and investment properlies measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the function81 currency of the enlily. Golng concern There are no material uncertainties about the charity's ability lo continue. Fund accounting Unrestricted funds 8re available for use at the discretion of the Iruslees to further any of the chai'ity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Reslricled funds are subjected lo restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall inlo one of two sub-classes.. reslricted income funds or endowment funds. 17
Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 January 2024 Accounting policies (coiillijuedj Incoming resources All incoming resources are included in the statement of financial aclivilies when entillemenl has passed to Ilie charity., il is probahle that the economic benefits assoGialed wilh the transaction will flow to Ihe Gharily and the amount can be reliably rmeasured. The followiiig specific policies 8re applied lo particular Gategories of income.. income fi'om donations or grants is recognised when there is evidence of enlitlement lo (he gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and enlillement Is established. income from donated goods is measured al the falr value of the goods unless this Is impracllcal lo mèasure reliably, in which Gase the value is derived from the cost lo the donor or Ihe estimated resale value. Donated facilities and services are recognised in th8 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 Ihe delivery of Ihe Gonlracted service. This is classified as unreslricled funds unless Ihere is a contractual requirement for it lo be spent on a particular purpose and returned if unspent, in which case It may be regarded as restricted. Resources Èxpended Expenditure is recognised on an acci'uals basls as a liability is inourred. Expenditure includes any VAT which ¢annol be fully recovered, and is classified under headings of the statement of financlal activitles lo which il relales.. expenditure on raising funds includes the costs of all fundraising activilies, events, non-charilable trading activities, and the sale of donated goods. expendilure on charitable aclivilies includes all cosls incurred by a charity in undertaking aclivities that further ils charitable aims for the benefit of its beneficiaries, including those support cosls and costs relaling lo Ihe governance of the charily apportioned lo charitable activities. other expenditure includes all 8xpenditure that is neilhei. i-elated to raising funds for the charity nor part of ils expéndilure on chai'itable activities. All costs are allocated lo expenditure categories reflecting thé use of the I'esource. Direct costs altribulable to a single activity are allocated dii'ectly lo tlial aclivily. Shai'ed cosls are apportioned belwean the activilies they contribute to on a I'easonable, justifiable and consistent basis. Tanglble assets Tangible assets are initially recorded at cost, and subsequently slated al cost less any accurnulated depreciation and impairment losses. Any tangible assets cari'ied al revalued amounts are recorded at the fair value al the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairmenl losses. 18-
Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements (conllJJued) Year ended 31 January 2024 Accounting policies {coniliiii8d) Tangible assets (coiitlnued) An increase In the carrying amount of an asset as a result of a revaluation, is recognised in olher recognised gains and losses, unless il reverses a charge for impairmenl that has previously been reGognised as expenditure wilhin the slalement of linanGlal actlvilies. A decrease in the carrying amount of an asset as a resull of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation g8in, in which case the loss is shown within other recognised gains and losses on the statement of financial èclivities. Depreciatlon Depi'ecialion is calculated so as to write off thé cosl or valuation of an asset, less its residual value, over the useful oconomic life of that assel as follows: Not Depreciated 4 /0 straight line 25 /0 straight line 15,10 Straight line 10010 slraighl line Freehold Property Leasehold Property Fixtures & Fillings Motor Vehicles Plant & Machinery Impairment of fixed assets A review for indicators of impairment IS Carried out al each reporting date, with the recoverable 8mounl being estimated where such indicatoi's exist. Where the carrying va5ue exceeds the I'ecoverable amount, the asset is impaired accordingly. Prlor impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when il is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of Ihe cash-generating unit lo which the asset belongs. The cash-generallng unil is the smallest identifiable group of assets that includes the asset and generales cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, Ihe goodwill acquired in a business combination is, from the acquisition dale, allocated to each of Ihe cash-generating units Ihal are expected to benefll from the synergies of the combination, irrespective of whether olher assets or liabilltles of the charity are assigned to those units. stocks Stocl<s are m6asured at the lower of cost arid eslimaled selling pi'ice less costs lo complete and sell. Cost includes all costs of purchase, costs of conversion and olher costs inGurred in bringlng the stock lo ils present location and conditlon. Financial instruments A financial assel or a financial liability Is recognised only when the charily becomes a parly lo the contractual pi'ovisions of Ihe instrument. Basic financial inslrumenls are initially recognised 81 the 8mount receivable or payable including any relaled Iransaction costs. 19-
Camphill Community Clanabogan Company Limited l)y Guarantee Notes to the Financial Statements (coiillnuedj Year ended 31 January 2024 Accounting policies {Gonllnu8d) Financial instruments (eontliiued) Current assels and currenl liabilities are subsequenlly measured at the cash or other consideration expeGted to be paid or received and not discounted. Debt instruments are subsequently measured al amorlised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, Ihe 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 al fair value, unless payment for an assel is deferred beyond normal business terms or financed al a rate of interest Ihal is not a market rate, in which case the asset is measured al the present value of the future payments discounted at a market rale of interest for a similar debt instrumant. Other financial instruments are subsequently measured al fair value, with any changes recognised in the slalement of financial aclivilies, with the exception of hedging instruments in a designated hedging relationship, Financial assels that are rneasured al cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting dale. If there is objective evidence of impairment, an impalrment loss is recognised under the appropriate heading in the slatement of financi81 activities in which Ihe initial gain was recognised. For all equity inslruments regardless of significance, and other financial assets Ihat are individually significant, these are assessed individually for impairment. Other financi81 assets are either assessed individually or gi'ouped on the basis of similar Gredit risk characteristics. Any reversals of impairment are recognised immedialely, to Ihe extent Ihal Ihe reversal does not resLIIt in a carrying amount of the financial asset thal exceeds what Ihe carrying amount would have been had the impairment not previously been recognised. Defined contribution 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 lo Ihe extent that the prepayment will lead to a reduction in future payments or a cash refund. When conlribullons are not expected lo be settled wholly within 12 monlhs of the end of the repoi'ling date in whlch the employees render the relaled service, the liabilily is measured on a discounted presenl value basis. The unwinding of the discount is i-ecognlsed as an expense in the period in which it arises. Limited by guarantee The company is limited by guarantee, the members being required to pay not more than £5 in the eveiil of a winding up. 20
Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 January 2024 Donatlons and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donalions Lottery Funding - Orchard & Chicken Coup 11,076 11,076 9,690 9,690 Grants NIHE Covid Grant Young Co-woi'kers funding Social Fund Income 7,335 14,616 6,021 14,616 6,021 Other donations and legacies Cyaigowen HoLtsing Associalion Old Age Pension Refunds 15,000 13,568 67,616 15,000 13,568 77,306 9,690 Unrestricted Funds Reslricted Total Funds Funds 2023 Donatlons Donations Lollery Funding - Orchard & Chicken Coup Granls NIHE Covld Granl Young Co-workers fundlng Social Fund Income 9,424 9,424 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 21
Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 January 2024 Charitable activities Unrestricted Funds Reslricled Total Funds Funds 2024 Sundry Income Renewable Heat Incentive Rental Income Farm Bakery Weavery Woodwork Care package Supporting people Resident's charges Supporting people - Self funders CandlelPotlery Employee 'live in expenses, 9,451 712 23,583 22,023 694 995 521 965,429 9,451 712 23,583 22,023 694 995 521 965,429 530,026 340,595 12,632 209 65,211 530,026 340,595 2,972 209 65,211 9,660 1,432,395 539,686 1,972,081 Unreslricled Funds Reslricled Tolal Funds Funds 2023 Sundry Income Renewable Heat Incentive Renlal Income Farm Bakery Weavery Woodwork Care package Supportlng people Resident's charges Supporling people - Self funders CandlelPotlery Employee 'live in expenses, 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 1,841,392 516,536 292,621 57,533 11,143 1,267,323 574,069 Investment income Unrestricted Total Funds Unrestricted Tolal Funds Funds 2024 Funds 2023 Bank Intei'esl 5,006 5,006 -22-
Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements {¢onllnued} Year ended 31 January 2024 Expenditure on charitablo activities by fund type Unreslricled Funds Reslricled Total Funds Funds 2024 Communily costs Farm Eslale & garden Bakery Weavery Woodwoi'k Polterylceramics Support costs 1,446,457 26,316 6,081 7,635 1,540 346 525 4,816 540,472 1,986,929 26,316 6,081 7,635 1,540 346 525 4,817 1,493,716 540,472 2,034,189 UnrestriGted Funds Restricted Total Funds Funds 2023 Communily cosls Farm Estate & garden Bakery Weaveiy Woodwoi'k Pottery1raMicS Support costs 1,225,082 52,243 9,336 5,904 2,559 2,230 1133) 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 Expenditure on charitable activitles by activlty type Aclivities undertaken directly Support costs Total funds 2024 Total fund 2023 Community cosls Farin Estate & garden Bakery Weave¥y Woodwoi'k Polterylceramics Governance costs 1,986,929 26,316 6,081 7,635 1,540 346 525 1,986,929 26,316 6,081 7,635 1,540 346 525 4,817 1,807,104 52.243 9,336 5,904 2,559 2,230 {133) 4,810 4,817 2,029,372 4.817 2,034,189 1,884,053 23
Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 January 2024 10. Analysis of support costs Analysis of support costs activity 1 Total 2024 Total 2023 Governance costs 4,813 4,813 4,813 11. Net Incomè Net income is slated after chargingllcredilingl.. 2024 2023 Deprecialion of tangible fixed assets 101,480 101,897 12. Auditors remuneration 2024 2023 Fees payable for the audil of the financial statements 9,626 4,813 13. Staff costs The average head count of employees during the year was 49 (2023.. 48). The average number of full-time equivalent employ8es during the year is analysèd as follows: 2024 2023 No. Number of Staff 49 48 No employee received employee benefits ol more Ihan £60,000 during the year (2023.. Nil). 14. Trustee remuneration and expenses No trustee received any remuneration or other benefits from employment with Camphill Community Clanabogan or any other related enlily. However as outlined in Note 24 (Related Parties) three trustees live wilhin the communily and their living expenses are paid by Ihe community. -24-
Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements (coijlinued) Year ended 31 January 2024 15, Tangihle fixed assets Long Fi'eeliold leasehold Fixtures and property properly fitlings Motor vehicles Equipment Total Cost At 1 Feb 2023 Additions 608,198 1,499,972 15,712 623,910 1,499,972 37,710 13,151 50,861 126,555 444,319 2,716,754 9,975 38,838 At 31 Jan 2024 126,555 454,294 2,755,592 Depreciation Al 1 Feb 2023 Charge for the year At 31 Jan 2024 5,683 276,763 31,397 109,741 285,804 709,388 6,513 8,290 26,678 101,480 810,868 5,683 336,762 37,910 118,031 312,482 Carrying amount At 31 Jan 2024 618,227 1,163,210 602,515 1,223,209 12,951 8,524 141,812 1,944,724 158,515 2,007,366 At 31 Jan 2023 6,313 16,814 16. Stocks 2024 2023 Raw materials and consumables 131,442 105,660 17. Debtors 2024 2023 Trade debtors Prepaymeiils and accrued income Olher deblors 186,632 7,172 782 192,987 18,123 1,949 194,586 213,059 18. Investments 2024 2023 Money held on behalf of residents 117,350 136,980 -25-
Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements fconlinued) Year ended 31 January 2024 19. Cash and cash equivalents Cash and cash equivalents comprise the following: 2024 2023 Cash al bank and in hand Shorl-term deposits 1,575,905 117,350 1,449,249 136,980 1,693,255 1,586,229 20. Creditors: amounts falling due withln one year 2024 2023 Accruals and deferred income Social security 8nd other taxes Money held on behalf of residents Other credilors 53,161 103,818 9,681 136,980 637,260 117,347 748,720 919,228 887,739 Other creditors above comprise the following.. 2024 2023 Camphill Social Fund {Nll Old Age Fund 299,137 449,583 237,677 399,583 637,260 748,720 21. Pensions and other post retirement bènefits Defined contrlbution plans The amount recognised in Income or expenditure as an expense in relation to defined contribution plans was £19,339 (2023.. £16,444). -26-
Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements (Gonltiijuèdj Year ended 31 January 2024 22. Analysis of cliaritable funds Unrestricted funds Al 1 February 20 23 At 31 January 2 024 Income Expenditure Transfers General funds Revaluation Reserve 2,198,594 780,000 1,505,017 (1,454,716) 139,000) 1,505,017 (1,493,716) 9,690 2,258,585 741,000 2.978,594 9,690 2,999,585 At 1 February 20 22 At 31 January 20 23 Income Expenditur8 Transfers General funds Revaluation Reserve 2,135,400 819,000 1,326,226 11,283,032) (39,000) 1,326,226 {1,302,0321 2,198,594 780,000 2,978,594 2,954,400 Restricted funds Al 1 February 20 23 At 31 January 2 024 Income Expenditure Transfers DFC-Supporting People Funding Donations Account Gift of laiid from CCTN I Innovative Fund Lollery Fund - OrGhai-d & Chicken Coup 539,686 {539,686) 20,195 25,000 786 20,195 25,000 (786) 9,690 {9,690) (9,690) 45,981 549,376 1540,472) 45,195 At 1 February 20 22 Al 31 January 20 23 Income Expenditure Transfers DFC-Supporting People Funding Donations Account Gifl of land from CCTNI Innovative Fund Lottery Fund - Orchard & Chicken Coup 574,069 (574,069) 20,195 25,000 8,738 20,195 25,000 786 (7,952) 53,933 574,069 {582,0211 45,981 -27-
Camphill Community Clanabogan Company Limited by Guarantee Notes to the Financial Statements {coiillnued) Year ended 31 January 2024 23. Analysls of net assets between funds Unrestricted Funds Reslrioted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year 1.919,724 1,999,088 {919,2281 2,999,584 25,000 20,195 1,944,724 2,019,283 {919,2281 3,044,779 Net assets 45,195 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less tlian 1 year 1,982,366 1,883,967 {887,739) 2,978,594 25,000 20,981 2,007,366 1,904,948 1887,739) 3,024,575 Net assets 45,981 24. Analysis of changes in net debt At At 1 Feb 2023 Cash flows 31 Jan 2024 Cash at bank and in hand Current asset investments 1,449,249 136,980 126,656 119,630) 107,026 1,575,905 117,350 1,586,229 1,693,255 25. Legal & Professional Fees The legal and human resource services expenditure during the last financial year has arisen from the defence of legal challenges and human resource Inatlers. The trustees have reported the mallers to the Charily Commission for Northei'n Ireland. 26. Related parties No members of the managemenl committee received any remunei'ation during the year, however three trustees live within Ihe Communily and their living expenses al'e paid by the Community. It Is not pracliGal to quantify these expenses. Camphill Communlty Clanabogan is also linked to Camphill Communities Trust INI). One member of Camphlll Communily Clanabogan's Management Council sal on the Managemenl Council of the Ti'ust. 11 is Camphill Communities Trust INI) thal own the freehold to the majorily of the property as used by Ihe Charity. An annual rental charge of £21,000 is pald by the Charily to the Trust In this respect. The Charity is also linked to Camphill Social Fund INI). Two Camphill Community Clanabogan Co-workers sil on Ihe Management Council of that charity also. During the year Campliill Community Clanabogan was charged £59,334 towards the 'Social Fund, by Camphill Social Find {Nll. At Ilie year end Camphill Cominunily Clanabogan owed Camphill Social Fund {Nll £299,137. 28-