Camphill Community Holywood Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 January 2025 2025 Restricted funds Total funds Total funds 2024 Unrestricted funds Note In¢orne and endowments Donations and legacies Charitable activities Other trading activits'es Other income 816 351,657 310,687 19,033 3,075 3,891 351,657 310,687 19,033 879 307,850 271,164 25,429 Total income 682,193 3,075 685,268 605,322 Expenditure Expenditure on raising funds.. Costs of other trading activities Expendlture on charitable activities Total expendlture 296,540 388,715 296,540 388,715 260,944 371,349 10,11 685,255 685,255 632,293 Net Incomel(expendlture) and net movement in funds (3,0621 3,075 13 (26,971) Reconclliation of funds Total funds brought forward Total fund8 carrled forward 31,455 28,393 31,455 31,468 58,426 31,455 3,075 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 20 to 31 form part of these financial statements. 17
Camphill Community Holywood Company Limitsd by Guarantee Statement of Financial Position 31 January 2025 2025 2024 Note Fixed assets Tangible fixed assets 16 45,122 49,535 Current assets Stocks Debtors Cash at bank and in hand 17 18 25,928 8,265 68,710 102,903 32,161 18,609 57,178 107,948 Creditors.. amounts falling duo within one year Nèt curront assets 19 65,832 69,856 37,071 38,092 Total asset8 less current Ilabllltles 82,193 87,627 Croditors: amounts falllng due after more than ono year Net assets 20 50,725 56,172 31,468 31,455 Funds of the charlty Restricted funds Unrestricted funds 3,075 28,393 31,468 31,455 31,455 Total charlty fund8 22 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 7 October 2025, and are signed on behalf of the board by: Ms H Steffen Trustee Mr S Wlson Trustee The notes on pages 20 to 31 forni part of these financial statsments. 18
Camphill Community Holywood Company Limited by Guarant88 Statement of Cash Flows Year ended 31 January 2025 2025 2024 Cash flows from operating actlvlties Net incomel(expenditure) 13 (26,971) Adjustments for.. Depreciation of tangible fixed assets 7,008 6,748 Changes in.. Stocks Trade and other debtors Trade and other creditors 6,233 10,344 (4,024) 19,574 19,574 {4,025) {1,996) (10,649) (36,893) (36,893) Cash generated from operations Net cash froml{used inl operating activities Cash flows from Investing actlvlties Purchase of tangible assets Net cash used in investing activities 12,595) 12,595> (48,949) (48,949) Cash flows from flnancing activities Other fi'nancing cash flow adjustment Net cash (used in)Ifrom financing activities (5,447) (5,447) 63,173 63,173 Net Increasel(decrease) In cash and cash equlvalents Cash and cash equivalents at beginning of year Ca8h and cash equivalents at end of year 11,532 57,178 68,710 122,669) 79,847 57,178 The notes on pages 20 to 31 fomi part of these financlal statements. 19
Camphill Community Holywood Company Limited by Guarantee Notes to the Financial Statements Year ended 31 January 2025 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 8 Shore Road, Holywood, Down, BT18 9HX, Northem Ireland. Statement of compllance These financial statements 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 to 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 policies Basls of preparation The financial 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- Golng concern There are no material uncertainties about the charity's ability to continue. Judgement8 and key sources of estimation 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 to be reasonable under the circumstances. Significantjudgements There are no signifi'cantjudgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the finanGial statements. 20
Camphill Community Holywood Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 January 2025 Accountlng policies (contlnued) 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 unrestricted fvnds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on theirexpenditure declared by the donor orthrough the terms of an appeal, and fall into one of0 SulaSses.. restricted income funds or endowment funds. Incomlng re8ourc88 All incoming resources are included In the statement of financial activities 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 reIpt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to 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 seNices is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 21
Camphill Community Holywood Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 January 2025 Accountlng pollcles (continued) 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 offinancial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the Sale of donated goods. expenditure on charitable activities includes all costs incurred 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 all 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 reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible asset8 Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to whlch it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the ststement of financial activities. Depreclatlon Depreciation is calculated so as to write off the cost orvaluation of an asset, less its residual value, over the useful economic life of that asset as follows.. Fixtures and fittings Motor vehicle5 Property Improvements 1 00/0 Straight line 250/0 Straight line 100/0 Straight line Impairnient of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. There the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 22
Camphill Community Holywood Company Limited by Guarantse Notes to the Financial Ststements {continuedJ Year ended 31 January 2025 Accounting policios (contlnued) Impaimient of flxed assets (continued) 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 includes 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 benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to 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. Flnanclal Instrumonts A financial asset or a financial liability is recognised only when the charity becomes a paty to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Currentassets 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 Gost. Vvhere investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All Oiher such investments 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 underthe appropriate heading in the statement of financial acts'vities in which the initial gain was recognised. 23
Camphill Community Holywood Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 January 2025 Accounting policies (continued) Financial Instruments (continued) 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 either 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 recognised. Deflned contrlbutlon 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 extent that the prepayment will lead to a reduction in future payments or a cash refund. IAlhen 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. Llmlted by guarantee Llmlted liablllty The liability of the Members is limited. Member obligations Every Member undertakes to contribute such amount as may be required, not exceeding £5, to the Charity's assets if it is wound up while helshe is, or within one year after helshe ceases to be, a Member for'.- payment of the Charity's debt and liabilities contracted before helshe ceased to be a Member., the costs, charges and expenses of winding up; and the adjustment of rights, between themselves, of persons who have contributed to the Charity's assets. Donatlons and legacles Unrestricted Funds Restricted Total Funds Funds 2025 Donations Donations 816 816 Grants A&NBC Award 3,075 3,075 3,891 816 3,075 24
Camphill Community Holywood Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 January 2025 Donations and legacies {contlnu8d) Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations 879 879 Grants A&NBC Award 879 879 Charltable actlvitle8 Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Residential care Daycare Resident recharge 320,149 18,440 13,068 320,149 18,440 13,068 351,657 279,854 15,983 12,013 307,850 279,854 15,983 12,013 351,657 307,850 other tradlng actlvltles Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Shop & Bakery Cafe 238,433 72,254 310,687 238,433 72,254 310,687 206,597 64,567 206,597 64,567 271,164 271,164 Other incom• Unrestricted Totsi Funds Unrestricted Total Funds Funds 2025 Funds 2024 Other income CCTNI Revenue Support 5,033 14,000 5,033 14,000 3,429 22,000 3,429 22,000 19,033 19,033 25,429 25,429 25
Camphill Community Holywood Company Limitad by Guarantee Notes to the Financial Statements (continued) Year ended 31 January 2025 Costs of other trading activities Unrestricted Total Funds Unrestricted Totsl Funds Funds 2025 Funds 2024 Costs of other trading activities - Shop costs 296,540 296,540 260,944 260,944 10. Exponditure on charltablo activltles by fund typo Unrestricted Totsl Funds Unrestricted Total Funds Funds 2025 Funds 2024 Community Support costs 386,215 2,500 388,715 386,215 2,500 388,715 368,849 2,500 371,349 368,849 2,500 371,349 11. Expenditure on charltable activltles by actlvlty typ• Activities undertaken directly Support Total funds costs 2025 Total fund 2024 Community Governance costs 386,215 386,215 2,500 388,715 368,849 2,500 371,349 2,500 2,500 386,215 12. Net incomel(expendlture) Net incomel(expenditure) is stated after charglngl(credits'ngl: 2025 2024 Depreciation of tangible fixed assets 7,008 6,748 13. Auditors remuneratlon 2025 2024 Fees payable for the audit of the financial statements 2,500 2,500 26
Camphill Community Holywood Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 January 2025 14. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows- 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans 347,372 21,214 6,785 305,766 16,231 5,743 375,371 327,740 The average head count of employees during the year was 19 (2024.. 18). No employee received employee benefits of more than £60,000 during the year (2024: Nil). 15. Trust remuneratlon and expense8 One Trustee, Ms A Diesel is a co-worker and the Community registered manager, during the financial year 2025 she received a remuneration of £43,407 (2024 £41,284) and a pension contribution of £1,115 (2024 - £1,051) for this position. One Trustee, Mr M Holecki is a co-worker who lives and works within the community. All co- workers, whether they are members of the board of Trustees or not, their needs are met by the Community of Camphill Holyw¢x)d and includes living accommodation and daily essentials. These costs are of a communal nature and it is not practical to place a valuation on the specific amount. No other remuneration or benefits from employment with the charity or a related entity were received by the trustees; Trustee Expenses no trustee expenses have been incurred 27
Camphill Community Holywood Company Limited by Guarantee Notss to the Financial Statements (continued) Year ended 31 January 2025 16. Tanglble fixed assets Property Motor Improvement vehicles Fixtures and fittings Total Cost At 1 February 2024 Additions 77,708 2,595 22,409 47,254 147,371 2,595 At 31 January 2025 Depreciation At 1 February 2024 Charge for the year At 31 January 2025 Carrylng amount At 31 January 2025 At 31 January 2024 80,303 22,409 47,254 149,966 70,642 2,223 72,865 22,409 4,785 4,785 97,836 7,008 104,844 22,409 9,570 7,438 7,066 37,684 42,469 45,122 49,535 17. Stock8 2025 2024 Finished goods and goods for resale 25,928 32,161 18. Dgbtors 2025 2024 Prepayments and accrued income Other debtors 1,233 7,032 754 17,855 18.609 8,265 19. Credltors: amounts falllng due wlthln one year 2025 2024 Trade creditors Accruals and deferred income Social security and other taxes Other creditors - Loan from CCTINI) Other creditors 17,488 15,745 12,114 7,000 13,485 14,626 29,805 8,283 7,000 10,142 69,856 65,832 28
Camphill Community Holywood Company Limitsd by Guarantee Notes to the Financial Statements (c¢)ntinued) Year ended 31 January 2025 20. Creditors: amounts falling due after more than one year 2025 2024 Other creditors - Loan from CCT(NI) 50,725 56,172 21. Pension8 and other post retlrement bonefits Deflned contrlbutlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £6,785 {2024: £5,743). 22. Analysls of charltable funds Unrestricted funds At 1 February 2 024 At 31 January 2025 Income Expenditure General funds 31,455 682,193 1685,255) 28,393 At 1 February 2 023 At 31 January 2024 Income Expenditure General funds 58,426 605,322 (632,293) 31,455 Restricted funds At 1 February 2 024 At 31 January 2025 Income Expenditure A&NBC Award 3,075 3,075 At 1 February 2 023 At 31 January 2024 Income Expenditure A&NBC Award 29
Camphill Community Holywood Company Limited by Guarantee Notes to the Financial Statements (ConnUed) Year ended 31 January 2025 23. Analysis of not assets between funds Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net a88ets 45,122 99,828 (65,8321 (50,725) 28,393 45,122 102,903 (65,832) (50,725) 31,468 3,075 3,075 Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 49,535 107,948 (69,855) (56,173) 31,455 49,535 107,948 (69,855) (56,173) 31,455 24. Going concern The charity's unrestricted funds show a net current asset position (excess of current assets over current liabilities) of £33,996 as at 31st January 2025. The Trustees of Camphill Community Holywood are in the process of implementing a three-year business plan designed to bring about stability in the charity's financial position by the year ending 2025126. In addition, the Trustees are engaged in preliminary planning forthe provision of a second residential house, which has the potential to double the current Sidential capacity. Based on these plans and the current financial position, the Trustees do not consider there to be any material uncertainty regarding the charity's ability to continue as a going concern. Accordingly, the financial statements have been prepared on a going conrn basis. 25. Analy818 of changes In net debt At At 1 Feb 2024 Cash flows 31 Jan 2025 Cash at bank and in hand 57,178 11,532 68,710 30
Camphill Community Holywood Company Limited by Guarantee Notes to the Financial Statements (cl(1nUed} Year ended 31 January 2025 26. Related partles During the year Camphill Community Holywood entered into a trading relationship with Mr Malcolm Lefevre. The purpose of the relationship was to purchase supplies from Mr Lefevre for the store. Mrs E Lefevre, a trustee of Camphill Community Holywood is married to Mr Lefevre. The total amount transacted in the financial year ending 2025 £648 (2024 £432). During the year, the charity employed the husband of Ms Andrea Diesel, a trustee of the charity. Her husband received remuneration of £2,973 (2024.. £nill for services provided to the charity. No amounts were outstanding at the year-end (2024: £nil). Ms Diesel was not involved in the decision regarding her husband's employment or remuneration. 27. Ethlcal standards In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. 31