Camphill Social Fund (N.1.)
Company Limited by Guarantee
Ststsment of Financial Activities
(including income and expenditure account)
Year ended 31 January 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
fvnds
Not8
Income and endowments
Investment income
39,472
141,012
180,484
215.440
Totsl income
39,472
141,012
180,484
215,440
Expenditure
Expenditure on raising funds..
Investment management costs
Expenditure on charitable activities
Total axpendlture
11,935
90,501
102,436
38,643
64,500
103,143
50,678
155,001
205,579
41,973
132.260
174,233
Net losses on investments
16,568
53,642
70,210
437,434
Net expenditure and net movement in
funds
179,532)
115,773)
{95,305) 1396,227)
Reconciliation of funds
Toial funds brought fomard
Total fund8 carrled forward
2,121,354
2,041,822
6,868.477
8,989,831
8.894,526
9,386,058
8,989,831
6,852,704
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 14 to 21 fonn part of these financlal statements.
11

Camphill Social Fund (N.1.)
Company Limited by Guarantee
Statement of Financial Position
31 January 2024
2024
2023
Note
Fixed assets
Investments
12 8,200.233
8,135,239
Current assets
Debtors
Cash at bank and in hand
13
292
727,910
728,202
5,045
888,034
893,079
Credltors: amounts falllng due wlthln one year
Net current assets
Total assets less current Ilabllities
14
33,909
694,293
8,894,526
8,894,526
38,487
854,592
8.989,831
8,989,831
Net assets
Funds of the charity
Restricted funds
Unrestricted funds
6,852,704
2,041,822
15 8,894,526
6,868,477
2,121,354
8,989,831
Total charity funds
These financial statements were approved by the board of trustees and authorised for issue on 23
October 2024. and are signed on behalf of the board by..
Mr S Biskovitch
Trustee
Mrs K Shea
Trustee
The note5 on pages 14 to 21 form part of thesg financial statements.
12

Camphill Social Fund (N.1.)
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 January 2024
2024
2023
Cash flows from operating activltles
Net expenditure
(95.305) (396,227)
Adjustments for
Net losses on investments
Dividends, interest and rents from investments
Other interest receivable and similar income
70,210
437.434
(173,541 I (215.4401
(6,943
Changes in..
Trade and other debtors
Trade and other creditors
Cash generated from operations
Interest received
Net cash used in operating activities
4.753
(1}
(4,578)
1,406
(205,404) (172,828)
6,943
1198,461)
(172,828)
Cash flows from Inv88ting activit188
Dividends, inlerest and rents from investments
Purchases of other investments
Proceeds from sale of other investments
other investing cash flow
Net cash from investing activities
173,541
14,362,125}
4,158,607
992,202
68,314 (1,165.669)
38,337
41,973
215,440
Net decrease in cash and cash equivalents
Cash and cash equivalents at b8glnnlng of year
Cash and cash equlvalents at end of year
(160,1241 {130,855}
888,034
1,018,889
727,910
888,034
The notes on pages 14 to 21 fomi part of these financial statements.
13

Camphill Social Fund (N.1.)
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 January 2024
Genoral Information
The charity is a public benefit entity and a private company lirnited by guarantee, registered in
Northem Ireland and a registered charity in Northern Ireland. The address of the registered office
is 169 Newry Road, Kilkeel, Newry, BT34 4EX.
statement of compliance
These financial slatements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accountlng pollcies
Basis of preparatlon
The fi'nancial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity
Going concern
There are no material uncertainties about the charity's ability to continue.
Judg•ments and key sources of estlmation uncertalnty
The preparation of the financial statements requires management to make judgements. estimates
and assumptions that affect the amounts reported. These estimates and judgements are
continually reviewed and are based on experience and other factors, including expectations of
future events that are believed lo be reasonable under the circumstances.
Fund accountlng
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by Ihe donor or through
the terms of an appeal, and fall into one of￿0 sub-classes. restricted Income funds 01 endowment
funds.
14

Camphill Social Fund (N.1.)
Company Limited by Guarantee
Notes to the Financial Statements (contiftued)
Year ended 31 January 2024
Accounting policies (continu
Incoming resources
All incoming resources are included in the statement of financial actlvilies when entitlement has
passed to the charity.. il is probable that the economic benefits associated with the transaction will
flow lo the charity and the amount can be reliably measured. The following specific policies are
applied to particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical lo measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and seNices 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 the delivery of the
contracted service. This is classified as unrestricted funds unless there is a Gontractual
requirement for it lo be spent on a particular purpose and returned if unspent, in which case
It may be regarded as restricted.
Resource5 expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classifi'ed under headings of the statement of financial
activities to which it relates..
expenditure on raising fund5 includes the costs of all fundraising activities, event5, non-
charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs ir%curred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes 811 expenditure that is neither related to raising funds for the charity
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflectlng the use of the resource. Direct costs
attributable to a single activity are allocated directly lo that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Investments
Unlisted equity investments are initially recorded al cost, and subsequently measured at fair value.
If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with Ghanges in fair value being recognised in
income or expenditure.
15

Camphill Social Fund {N.l.)
Company Limited by Guarantee
Notes to the Financial Statements (conllnued)
Year ended 31 January 2024
Accounting policies (continu•d)
Impairment of fixed ass8ts
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 inclsjdes 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 benefil from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned lo those units.
Financial Instrument8
A financial asset or a financial liability is recognised only when the charity 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.
Current assels 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 are publicly traded or their fair value can othetwise be measured
reliably, the investment is subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such inveslments are subsequently measured at
cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless
payment for an asset is deferred beyond normal business terms or financed at a rate of interest
that is not a market rate. in which case the asset is measured at the present value of the future
Payments discounted at a market rate of interest for a similar debt instrument.
Otherfinancial instruments are subsequently measured at fair value. with any changes recognised
in the statement of financial activities, with the exception of hedging instruments in a designated
hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financial activities
in which the initial gain w8s recognised.
16

Camphill Social Fund (N.1.)
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2024
Accounting policies fcontinuad)
Financlal instrument8 (contiftu8d)
For all equity instruments regardless of significance, and other financial assets that are individually
significant. these are assessed individually for impairment. Other financial assets are eilher
assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recagnised.
Limlted by guarantee
The company Is limited by guarantee, the members being required to pay not more than £5 in the
event of a winding up.
Investment income
Unrestricted
Funds
Restricted Total Funds
Funds
2024
ncome from listed investments
Bank interest receivable
40,951
(1,479)
39,472
132,590
8,422
141,012
173,541
6,943
180,484
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Income from listed investments
Bank interest receivable
46.660
168,780
215,440
46,660
168,780
215,440
Investment management Costs
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Administration of investments
11,935
38,643
50,578
Unrestricted
Funds
Restricted Totsl Funds
Funds
2023
Administration of investments
13,402
28.571
41,973
17

Camphill Social Fund (N.1.)
Company Limited by Guarantee
Notes to the Financial Statements (contlnued)
Year ended 31 January 2024
Expenditure on Charitable actlvities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Professional Fees
Geneial Expenses
Support costs
64,460
21,758
1,033
3,250
64,500
128,960
21,758
1,033
3,250
90,501
84.500
155,001
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Professional Fees
General Expenses
Support costs
48.497
23.320
987
3,250
76,054
56,206
104.703
23,320
987
3,250
132,260
56,206
Net10gses on investments
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Gainsl{losses) on listed investments
GainsllSossesl on other investment assets
(46,636) (150,9971 (197,633)
30,068
97,355
127,423
(16,568)
(70.210)
153,6421
Unrestricted
Fund5
Restricted Total Funds
Funds
2023
Gainsl(losses> on listed investments
Gainsl{losses} on other investment assets
(14,339) (113,704) 1128,043)
1103,755) {205,636) (309,391)
(118,0941 1319,3401
{437,434}
Auditors remuneratlon
2024
2023
Fees payable to the charity's auditor and its associates for other services..
Audit-related assurance services
3,250
3,250
18

Camphill Social Fund (N.1.)
Company Limited by Guarantee
Notes to the Financial Statements (ct)ntlnued)
Year ended 31 January 2024
10. staff costs
No employees are or have been engaged during the course of the financial year by Camphill Social
Fund (Nll
The average head count of employees during the year was Nil12023: Nil).
No employees received employee benefits of more than £60,000 during the year {2023.. Nill.
11. Trustsa remuneration and expenses
No members of the Board of Trustee received any remuneration during the year. No Trustee or
other person related lo the Charity has any personal interest in any contract or transaction entered
into by the Charity during the year12023 £Nill
During the year ended 2024 reimbursements for travel & meeting expenses were made to 1
Trustees amounting to £225 (2023 2 trustees amounting to £1481
12. Investments
Cash or cash
Listed
equivalents investments
Total
Cost or valuatlon
At 1 February 2023
Additions
Disposals
Fair value movements
other movements
424,110
7.711,129
8,135,239
4,362,125
4,362,125
(4,228,817) (4,228,8171
127,423
127,423
(195,737)
8,200,233
(195,737)
228,373
At 31 January 2024
Impaimient
At 1 February 2023 and 31 January 2024
Carrying amount
At 31 January 2024
At 31 January 2023
7,971,860
228,373
7,971,860
7,711,129
8,200,233
8,135,239
424,110
All investments shown above are held at valuation.
Flnanclal assets held at falr value
The fair value of financial assets is determined by their market value. The investments held are
currenlly under the management of LGT and Investec.
13. Debtors
2024
2023
Prepayments and accrued income
Other debtors
292
942
4,103
292
5,045
19

Camphill Social Fund (N.1.)
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 January 2024
14. Creditors: amounts falling due withln one year
2024
2023
Accruals and deferred income
33,909
38.487
15. Analysis of charltablè funds
Unr88trlcted funds
At
l February
2023
At
Gains and 31 January
losses
2024
Income Expenditure
General funds
2,121.354
39,472
(102,436)
{16,5681 2,041,822
At
1 February
2022
At
Gains and 31 January
losses
2023
Incorne Expenditure
189,456) (118.094) 2,121,354
General funds
2,282,244
46,660
Restricted funds
At
1 February
2023
At
Gains and 31 January
losses
2024
Income Expenditu
Co-workers Old Age
Fund
6,868,477
141,012
{103,1431
(53.642) 6,852,704
At
1 February
2022
At
Gains and 31 January
losses
2023
Income Expenditure
Co-workers Old Age
Fund
7,103,814
168,780
(84,777) (319,3401
6,868,477
20

Camphill Social Fund {N.l.)
Company Limited by Guarantee
Notss to the Financial Statsments (conlinuèd)
Year ended 31 January 2024
16. Analysis of net agsets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Investments
Current assets
Creditors less than 1 year
Net a88ets
1,935,030
129,639
(22,8471
2,041,822
6,265,203
598,563
111,062}
6,852,704
8,200,233
728,202
133,909)
8,894.526
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Investments
Current assets
Creditors less than 1 year
2.085,936
71,209
135,7911
2,121,354
6.049,316
821,857
12,6961
6,868,477
8.135.252
893,066
138,4871
8.989.831
Net assets
17. Flnancial instruments
The carrying amount for each category of financial instrument is as follows..
2024
2023
Financial assets measured at falr valu? through income and expenditure
Financial assets measured al fair value through income and
expenditure
7,971,868
7.711,129
18. Analy8ls of changes In net debt
At
At
1 Feb 2023 Cash flows 31 Jan 2024
Cash at bank and in hand
888,034
(160,1241
727,910
21