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