Camphill Social Fund {N.l.) Company Limited by Guarantee ststement of Flnancial Actlvltles (including Income and expendlture account) Year ended 31 January 2025 2025 Restrtcled funds Total funds Total funds 2024 Unrestricted funds Not• Income and endowménts Investment income 43,138 144,655 187.793 180,484 Total Income 43,138 144,655 187.793 180,484 Expenditure Expenditure on raising funds.. Investment man89ement costs Expenditure on charitable actlvltles Total expendlturn 12.574 124.260 136,834 42.201 74.188 54,775 198,448 253,223 50,578 155,001 205,579 116,389 Net gainslllosses) on investrnents 176.651 592,873 769.524 <70,210) Net Incomel{expenditure) and n•t movement in fund8 82.955 621,139 704,094 (95.305) Reconciliatlon of funds Tolal funds brought forward Total funds carrfed forward 2,041,822 2,124,777 6,852,704 8,894526 9,S98.620 8.989,831 8,894.528 7,473,843 Tha statement of flnanclal activltles includes all gains and losses recognlsed In the year. All income and 8xpendlture derlve from contlnulng activities. The note$ on pages 14 to 21 fom) part of these financial statemgnls. 11
Camphill Social Fund (N.1.) Company Llmlted by Guarantee Statement of Flnancial Position 31 January 2025 2025 2024 Flxed as59ts Snv8Stments 12 9,102.924 8,200.233 Current assets Debtors Cash at bank ar in hand 13 211 555,930 556,141 292 727,910 728.202 Croditors: amounts falllng due wlthln one year Net currnnt a89ets 14 60,445 33.909 495,696 9.598,620 694,293 8,894,526 8,894,526 Total assets less current Ilabllltle8 Net as$•ts 9.598,620 Funds of thè charlty Restrlcted funds Unrestrkted funds 7.473,843 2,124,777 9,598,620 6,852.704 2,041,822 8.894,526 Total charlty funds 15 These flnancial statements were approved by th8 board of trustees and authorlsed for issue on 1 October 2025. and ar8 slgned on bèhalf of the board by: Mr S Bisko Trustee Mrs K Shea Trust88 The not85 on pages 14 to 21 fonn part of thgse flnanclal statemenls. 12
Camphill Social Fund (N.1.) Company Limited by Guarantee statement of Cash Flows Year ended 31 January 2025 2025 2024 Cash flows from operating activities Net incomel{expendituro) 704,094 (95.3051 Adjustments for.. Net gainsl{lossesl on Investments Dividends, Interest and rents from investments Other Interest recelvabl8 and simllar Income 1769,524> 70,210 {183,532> (173.541) (4,261) {6.943) Changes in., Trade and other debtors Trade and other creditor5 81 4.753 26,536 {4.578) 1226,606) 1205.404) Cash generated from operation8 Interest receiv8d 4,261 6,943 (222.345) 1198.4611 Net cash used in opereting activities Cash flow8 from Investlng actlvltles Dlvidends. interest and rents from Investments Purchases of other inveslmants Proceeds from sale of other Investment5 Other cash rnovement 183,532 173,541 {1,631,122) (4,362,125) 1,378,628 4.158.607 119,327 68,314 50,365 Net cash from investing actlvttles 38,337 N•t d8crea80 In cash and Gash equlvalents Cash and ca8h oqulvalonts at boglnnlng of yaar Cash and cash èquivalents al ond of y•ar (171,980) (160,124) 727,910 888,034 555,930 727,910 Th¢ notes on pages 14 to 21 lomi part of Ihese flnancial statemEnts. 13
Camphill Social Fund {N.l.) Company Limited by Guarantee Notes to the Financial Statements Year ended 31 January 2025 General Inforniation The charity is a public benefit entsty and a prlvate company limlted by guarantee, reglstered in Northern Ireland and a reglstered charity in Northèrn Iraland. The address of thé registered offic8 Is 169 Newry Road. Kllkeel, Newry. BT34 4EX. Statement of compliance These flnancial slatemènls have been prepared In compliance with FRS 102, The Financial Reporting Standard appllcable in the UK and the Republic of Ireland,, the Statement of Recornmended Praclice applicable to charities preparlng their accounts In accord8nce with the Financial Reportlng Standard appllcable In the UK and Republic of Ireland (FRS 102) (Gharilies SORP (FRS 10211 and the Componles Act 2006. Accountlng polici•$ Ba515 of praparatlon Th8 flnanclal $18temgnts have been prepared on the historical c05t basis, as modified by tha revaluation of certain financial assets and liabilities and inv8Stment prop?rtles measured at fair valu8 through income or expendlture. The financial statements are pr8pared in sterling, which is the functional curr8r)cy of th8 entity. Golng concern There are no rnaterial uncertainties about ihe charivs abllity to continue, Judgements and koy 80urces of estimation uncertainty The preparation of the ftnancial statements requires management to make ludgemenls, 8sttmates and assLJmptlons that affèct the amounts reported. These 8Stifflates and judg8mnts are continually reviewed and are based on experience and other factors, including exp&clations of future events that are believed to be reasonable under the clrcumstances. Fund accountlng Unrestrlcled funds are avallable for use at the dlscratlon of the truste8s to fvrther any of lh8 charlty's purposes. Designated funds are unrestficled funds earmarked by the trustees for partl¢ular future project or commitrnent. Restricted fund5 are subjected lo restrictions on their expenditure declared by th8 donor or through the terms of an appeal, and fall into one of two sub-Gla5ses'. restricted income funds or endowment funds. 14
Camphill Social Fund (N.1.) Company Llmlted by Guarantee Notes to the Financial Statements (nI1ed) Year ended 31 January 2025 Accounting pollcies (Gontlnued) Incomlng resourcas l incoming resourc8s are included in the statement of financlal activities when entitlement has pass8d to the charity,. it Is probable that the economic benefits associatèd wlth the transacllon will flow to the charity and the amount can be r81iably measured. The following spe¢tfic pollci8s are applied to particular categories of income.. income from donations or grants is racthjnlsed when there Is evidenc8 of entitlement to the gift, reGelpt Is probable and its amount can be rneasured rellably. legacy income is recognised when receipt is probable 8nd entitlement is establlshed. income from donated goods is mea3ur8d at the falr value of the goods unle55 this Is impractical lo measure reliably. in which case the valu8 Is derived from the cost to the donor Of the estimated resale value. Donated facilllies and services arg recognised in the accounts when received if the value can be reliably measured. No amounts are Included for the Contribution of genoral volunteers, Income from Contracts for the 8upply of 88rvicS is recognisad with the delivery of the contracted servlce. Thls is classlfled as unrestricted funds unless there Is a contractual requlrement for It lo b6 Spent on a particular purpose and returned if unspent, in which case it may be regardad as reslricled. Resources exponded Expendlture is recognised on an accruals basis as a liability is incurred. Expendllure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activitl8S to which it relates.. expendltur8 on raising funds include8 the costs of all fundralslng actlvilies, events. non- charitable trading activities, and the sale of donated goodB. expenditu on charltable actlvities includes all costs incufred by a charity in und6rtaking activities that further Ils charltable aims for the benefit of its beneficiarie5, includlng those support costs and costs relaling to the governance of the charity apportioned to charitable activities. other exp8ndltur8 includes all expenditure that is néither relatgd to raising funds for the charity nor part of its expendlture on charltable activilles, AII costs are allocated to expenditure categories reflecting the u5p of the resource. Direcl c0518 attributable to a single activity are allocated directly io thal activlty. Shared costs are apportioned beeen the activities they contribute lo on a reasonable, jusllfiable and consistent basls. Investments Unlisted equity investments are initially recorded at cost, and subsequently measur8d at fair value. If fair value cannot be reliably measured, assets are measured at cost les5 impairment. Listed investments are measured at fair value with changes in falr value being recognised in income or expenditure. 15
Camphill Soclal Fund (N.1.) Company Limlted by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 January 2025 Accounting policies fcontlnuedj Impalmient of fixed as8ot8 A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated wttere such indicators exist. Where the carrying value exceeds the recovèrable amount, the asset Is impalred accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purpos88 of Impairment testing, when It Is not possible lo aslimale the recoverable amount of an indivldual asset. an estirnale15 made of the recoverable amount of the cash-generating unlt to which the asset belongs. The cash-generatlng unit is th8 smallest idenlSfiable 9roup of assels that Includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assels. For Impalrment testlng of goodwlll, the goodwill acqulred in a buslne8s comblnalion Is, from Ihe acquisltlon date. allocated to each of the Gash-generating units that are expected to benefit from the syn8rgies of the combination, Irre5PeCtlv8 of whethèr other assets or li8biliti85 of the charlty are assigned to those units. Flnanclal Instruments A financial asset or a financial liability is recognised only when the charity becomes 8 paty to the contradual provlslons of the Instrument. Basic financial Instruments are inltially recognised at the amount receivable or payable Including any related transaction costs. Current assets and current liabilities ar8 subsequently measured al the cash or other conslderation 8XP8Cted to be paid or received and not discounted. Debt instruments are sub88quently measured at amortised cost. whe Inveslrnents In shares ar8 publlcly traded or their falr value c8n otherwlse be measured rellably. th8 Inv8Stment is subsequently measured at fair value with chang85 in falr value recognised In income and expenditure. All other such Investments are subsequently rneasured at osl less impairm8nl. Other ftnanci81 instruments, Including derivatives, ara initially r8cognlsed at fair valu8, unless paymènt for an assat Is deferred bèyond normal business terms or financed at a rate of interest that is not a market rate, in which case Ihe asset 15 measur8d at the present value of the futur8 payments discount8d at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently rneasured al fair value, with any changes recognised in the 5tat8ment of financial activities, with the exception of hedging instruments in a de5ignaled hedging relalionship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidenc8 of Impairment al the end of each reporting date. If there Is objective evidence of impairmgnt, an impaimient Ioss is recognised under the appropriate heading in the statement of financial activib'es in which the initial gain was recognised. 16
Camphill Social Fund (N.1.) Company Limited by Guarantee Notes to the Financial Statements (continuodj Year ended 31 January 2025 Accounting pollcias fconlinu•dJ Flnancial Instruments (conIlnuj For all equity Instruments regardless of signlficance, and othér financial assets that are indlvldually signlficant, these 8re assessed indlvldually for impalrment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristlcs. Any reversals of impairment are r8cognised immediately. to the extent that the reversal does not result in a carrying amount of the financial as591 thal exceeds what the carrylng arnounl would have been had thg impalrment not prevlously been recognised. Llmlted by guarant•e The c¢)mpany is lim5tad by guarantee, the members being required to pay not more than £5 in th8 event of a winding up. Invostrnont Income Unrestricted Funds Restrict8d Total Funds Funds 2025 Income from li8ted investments Bank interest receivabl8 42,131 1,007 43,138 141,401 3.254 183,532 4,261 187,793 144,655 Unrestricted Funds Restricted Tot81 Funds Funds 2024 Income fr<Kn listed investments Bank Inlarest receivable 40.951 (1.479) 39,472 132,590 8,422 173,541 6,943 141,012 180,484 Inve8tm•nt managem•nt ¢08t$ Unreslrlcted Funds Restricted Totol Funds Funds 2025 Admlnlstration of investments 12,574 42,201 54,775 Unrestricted Funds Reslrfcted Total Funds Funds 2024 Administration of investments 11,935 38,643 50.578 17
Camphlll Social Fund (N.1.) Company Limited by Guarantee Notes to the Flnancial Statements {¢ontlnu•dJ Year ended 31 January 2025 Expendltura on charitable act1110$ by fund type Unrestricted Funds Restricted Total Funds Funds 2025 Donations Professional Fees General Expenses Support Costs 98,852 21,259 899 3,250 74,188 173.040 21,259 899 3,250 124,260 74,188 198,448 Unrestricted Funds Restrlcted Total Funds Funds 2024 Donatlon5 Prof8ssional Fe88 General Expenses Support costs 64,460 21,758 1,033 3,250 64,500 128,960 21.758 1,033 3.250 90,501 64.500 155,001 Net galnsl(lossesl on invostmonts Unrestrlctèd Funds Restrlcled Total Funds Funds 2025 Gainsl(losses} on listed investments Galnsl(losses) on other Investment assets 11,222 165,429 37,662 555,211 48,884 720,640 769,524 176.651 592,873 Unrestricted Funds Rastrlcted Total Funds Funds 2024 G8lnsl{lossesl on11sted Inv8slmentS Galnsl(lossesl on other Investment assets (46,636) 1150,997) (197,633) 30,068 97,355 127,423 170,210) (16,568) 153,642> Audttors romun•ratlon 2025 2024 Fges payable to lh8 charity's auditor and its associates for other 58rvlces: Audit-related assurance services 3.250 3,250 18
Camphill Social Fund (N.1.) Company Limited by Guarantee Note5 to the Flnancial Statements {¢onlinu•dJ Year ended 31 January 2025 10. Staff costs No employees are or have been engaged durlng thecourseofthe financial yèar by Camphill Social Fund (Nll The average head count of employees durlng the year wag Nil12024'. NIII, No employees r8o9ived employee benefits of more than £60,000 during the year (2024: Nil). 11. Tru•t•o r•rnun•ratlon and expansas No memb8rs of the Board of Trustee received any remuneratlon durlng the year. No Trustee or other p8rson related to the Charity has any person81 Interest In any contract or Ir8n5acllon entared into by the Charity durlng the yèar12024 - £NII). Durfng the year ended 2025 Ihare wer8 no relmbursements to Irustee512024 1 truslees amounling to £225). 12. Investment• Cash or cash Llsted equivalonts investment5 Total Cost or valuatlon At 1 February 2024 Addltlons Disposals Falr value movements Other movements 228,373 7.971,860 8.200,233 1,631,122 1.631,122 (1,329,745) {1.329,745) 720,640 720,640 (119,326 9.102.924 (119,326) 109,047 At 31 January 2025 Impalrnient At 1 February 2024 and 31 January 2025 Carrylng amount At 31 January 2025 At 31 January 2024 8.993,877 109,047 8,993,877 7,971.860 9,102,924 8,200.233 228,373 All Investments shown above are held at valuatlon. Flnanclal assets held at lalr value The fair value of financial as5et5 15 determined by their market value. The investments held are currenuy under the management of LGT and Investec. 13. Debtors 2025 2024 Prepayments and accrued income 211 292 19
Camphill Social Fund {N.l.) Company Limited by Guarantee Notes to the Financial Statements fcontlnuad) Year ended 31 January 2025 14. Credltors: amounts falllng duo within one year 2025 2024 Accruals and d8f8rred Income 80,445 33,909 15. Analysls of charitable funds Unrnstrlcted funds At 1 Febwary 2024 At Gains and 31 January losses 2025 Income Exp8ndllur8 General funds 2,041.822 43,138 (138,834) 178,651 2,124,777 At 1 February 2023 At Gain5 and 31 January losses 2024 Income Expendlture General funds 2,121,354 39,472 (102,4361 118,568) 2,041,822 RtrIct•d fund8 At 1 February 2024 Galns and 31 January losseg 2025 Incom8 Expandlture Co-workers Old Age Fund 6,852,704 144,655 (116.389) 592.873 7,473,843 At 1 Fobruary 2023 At Gains and 31 January losses 2024 Income Expenditure Co-workers Old Age Fund 6,868,477 141,012 (103,143) 153,642) 6.852,704 20
Camphill Social Fund (N.1.) Company Llmlted by Guarantee Notes to the Financial Statsments (¢ontlnuedJ Year ended 31 January 2025 16. Analysls of net assets between funds Unrestricted Funds Restrlcted Total Funds Funds 2025 Investments Current assels Cr8ditors less thgn 1 year Nal assets 2,089,662 91,992 {56,8771 2,124,777 7,013.262 464,149 13,568> 7,473,843 9,102.924 556,141 (60,445) 9,598,620 Unrestricted Funds Restricted Total Funds Funds 2024 Investments Current assats Creditors less than 1 year N•t ass•t$ 1,935.030 129,639 {22.8471 2,041,822 6,265,203 598,563 111,062> 6,852,704 8,200,233 728,202 133.9091 8,894,526 17. Flnanclal Inslrumants The carrying amount for each calegory of flnancial instrument Is as follows: 2025 2024 Flnanclal assets measured at falr value through Income and expendlture Flnancial asséts measured at falr value through Incorne and expenditure 8,993,877 7.971,868 18. Analy•is of ¢hanges In n•t d•bt Al At 1 Feb 2024 Cash flows 31 Jan 2025 Cash at benk and In hand n7,910 1171.980) 555,930 21