BEANNACHAR UMITED REGISTERED CHARITY NUMBER SC016384 COMPANY NUMBER SC103915 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
BEANNACHAR LIMITED CONTENTS Page Trustees, report ststement of trustees, responsibilities Independent audito¢s report 8-11 statement of financial activtties 12-13 Balance sheet 14 StsteffEnt of cash flows 15 Notes to the financial statements 16-28
BEANNACHAR LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Board of Trustees present their report and fjnancial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charrvs Memorandum and Articles of Association, the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Accounts (Scotland) Regulations 2006 {as amended) and 'Accounting and Reporting by Charities.- Statement of Recommended Praob'ce applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 1021° (as amended for accounting periods commencing from 1 January 20191. Objectives and alms "Our aim is to create a therapeutic inte9rated environment. wrthin which people can find the support and guidance they need to develop their potential in maturing from adoleSnCe to adutthood. By balancing the elements of work, home life. personal development, social and cultural interaction wilhin Beannachar and in the local surroundings, we attempt to live a meaninglul, wholesome and fulfilling life together.. The principal activty of the charity is to provide supported accommodation andlor educational and work opportunities to adults with a learning disability or other additional sUPPOrt n&ed. Beannachar is one of over 120 independent Camphill Charities tn the international Camphill Movement which promotes the development of communities where people with disability or other disadvantage and those that support them, can live. learn, and work with others in healthy social relationships. based on mutual care and respect, taking a holistic approach to physical, social, mentsl and spiritual wellbeing. Achievements and performance 8eannachar had an average occupancy of Ihirty-fve young adutts over the year - seventeen residential and eighteen day service students aged over 18. Most of our students are from Aberdeen City or Shire . There is a steady stream of enquiries foi both residential and day places. Creating opportunities for their development in preparation for m81urily and moving on from 8eannachar is at the heart ot all we do. ident181 seN' A review of our housing and upgrades fonns part of our ffive-year Development Plan. The senior leadership team and staff are to be commended for meeting all requirements and retuming grades of Good and Very Good in the last unannounced inspection by The Care Inspectorate12023). Work has also been completed to convert a building previously used as an office to a one bedroomed dwelling property for a student and live in stsff to move into in Summer 2025. Da Service All students attend 8eann8charfs 'learning for life and worK' programme Monday to Fridays from 9am-4pm either full or part-time. Workshops include meaningful activities like laundry, gardening, land work, kitchen and cooking skills, weaving, crafts and arts. Students continue to self-select their workshops of choice. and their support plans all reflect their targets and success stories. Facilities We had increased fijnding for projects through Camphill Estates fundraising team and property improvement grants which were spent on: Improvements in the walled garden Upgrades to our internet connectivity Preparations tor a Sensory room
BEANNACHAR LIMITED TRUSTEES. REPORT ICONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 staff and Volunteers We have retained a loyal workforce and have recruited sufficient new staff despite the recruitment challenges facing the whole health and social care sector. Around eight employees live on site and also sixteen one year international volunteers, The involvement of international residential volunteers enhances and enriches community life for students and contributes to Beann8char's distinclive lrfe sharing model of care and community. The reintroduction of corporate volunteerin9 days has been very successful. building more connections with local busines5 and raising our profile as a communty. Senior Leadershi Transitions There have been changes in the leadership and admin tèam over the last year. We extend our heartfelt thanks to the departing members and grateful lor the foundation they helped build. We have welcomed new members to the leadership team who are already contributing to evofving priortties, working with the board of trustees in the collaborative spirit that Continues to define our culture and guide our success. Finance The new finance system operates using Xero accounting soflffire in a move fiom Sage. Further investment in supporting key personnel to manage budgets is ongoing but made simpler by the new software syst6m, Review of objective8 from 2024-25 and aims for 2025-26 The theme ol the year has been one of setting the scene for further developments in 2025 and beyond. This included-. Preparatory work undertaken on ¢reating a five-year Development Plan for the buslness whS¢h will Include the eslate, fa¢ilrties, day and residential services. Identification of additional workshops and associated working areas to be developed to offer greater choic8 to students, including preparing a new Community Kitchen. Conclusion of staff trained as Behavioural Support strategy trainers (BSS) and staff tralned monthly slnce autumn 2023. Sustained recruitment drive to appoint a Residential Registered Man8ger {appointed Summer 20241, support workers and Lead Practitioners. Preparation for new residential contract wsth Local Authorities. Maintaining staff Irainlng across all key areas and offering funded courses to maintain necessary registrations. Appointment of a new trustee to the Board. Our aims for 2025-26 include.. Progre55 against yeady objectives detailed in our five -year Development Plan, plan to be updated. Securing approptiate residential fees for all students to rel]ect level of need and optimal staffing ratios. Securing good scores in any Care Inspectorate inspections. Extending workshop choices to all students. Increasing our upper age range, no limit and offering king term placemenls. Changing our Articles of Association and engaging with commissioners and guardians. Having a waiting list for both residential and day students {Completed late 2025). Recruiting for any vacancies and adding capacty via admin and finance functions to the Leadership Team. Recrutting addjtional trustees to the Board. Developing a land strategy options paperto identify best use of the Land. A strenglh based review of all seNices, functions and aims for Beannachar to ensure financial stsbility.
BEANNACHAR LIMITED TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnanclal review During Ihe year fee income increased compared with 2024 levels at £2.322,258 {2024 - £2,244,323). The increase was the direct result of a higher student enrolment and an annual uplift in fee rates. Donations received including gift aid recovered increased from £22,824 in 2024 to £39,888 in 2025. Other income includes a grant received by the charity during the year, for the construdion of a garden wash ststion and purchase of garden equipment as well as rental income from staff living onsite. The charf(y ha5 net cash reseNes of £131.908 {2024 - £396.845). The unrestricted fund income of the charity derives from the fees charged in respect of the residential and day-care services provided for adults wf(h learning disabilities (students) supported by the charity as well as unrestricted donations and rental income. Additional restricted fund income was received during the year in the way of donations and a grant. The majority of the fees are paid by the Local Authorrty. Social Sefvices Department that placed the student at Beannachar, with a lesser amount deriving from the students, individual Stste Benefits entitlement. Such fees provide the necessary income to enable the chanty to prOVe supported accommodation andlor èducational and work opportunities to adults with disabilities. The princip81 risks which the chaiity is exposed to are the health and well-being of the students, continued student enrolment and the recruitment of staff. The Board of Trustees are satisfied that systems are in place to mitigate the exposure to these risks. Beannachar has unrestricted reserves of £38,849 (2024 - £278.628) which the Board of Trustees is actively trying to increase through securing additional funding from Local Authorities and reducing costs wher8 possibl8. Director's statement on going concern and flnan¢lal pressures Beannachar Limited continues to face cost pressures from rising staffing. national insurance. agency costs, and the wider cost-of-living impact on food and utilities. The Board of Trustees along with the senior leadership team are actively reviewing setvice delivery models, overheads, and resouice allocation to safeguard sustainability. A new residential registration is being explored, with additional placements expected over the coming year. The inclusion ofa new student from January 2026 represents an early success in this direction. As outlined in note 1.2 of the financial statements the Board of Truslees are actively engaging with Local Authorities to request additional funding to ensure the charity can sustain the level of service required to continue to provide supported accommodation and work opportunities to adutts with learning diffiCules. At the dale of the approval of these financial statements Local Author'rties have agreed extra funding to cover the cost of the national minimum wage increase. The request for additional funding from Local Authoiiti&s for r8sidential and day care services is currently under ¢¢nsideration. By securing the necessary addiEional funding. Ihrough cost reductions and from potential short term financial support if required from other parties as mentioned in note 1.2, the Board of Trustees believes the charity will be able to meets it obligations for the next 12 months and therefore these financial statement5 are prepared on a going concern basis.
BEANNACHAR LIMITED TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structure. governance and management The charity is a company limtted by guarantee, governed by its Memorandum and Articles of Association and recognised as a charity by the oifice of the Scottish Charty Regulator in accordance with the provisions of The Charities and Trustee Investment (Scotlandl Act 2005. In accordance with the Memorandum ofAssociation, every member is liab18 to contribute a sum of£1 in the event ofthe company being wound up. As set out in theArticles ofAssociation. the trustees. may appoint further members as and when it is desired. Trustee5 are recruited who have an interest and invofvement with the Camphill movement and who have the appropriate cross section of skills and experience to enhance the working of The Board of Trustees. New trustees are briefed in their legal obligations under charity law. the objectrves and actwities of the charity, the management Structu and decision making processes, and recent financial pertormance. Trustees are encouraged to attend appropriate extemal training events where these will facilitate the undertaking of their role. The Board of Trustees is responsible for the effective governance of the organisation. It delegates effective management of the organisation to the Community Director and Senior Leadership Team who are responsible for the functional managemenl ol Residential and Day Services, Finance. HR and Facilities. The Senior Le8dership Team meets monthly. The Community Director report5 directly to the Board of Trustees who meet every Six weeks. This system of interlinking meetings ensures openness, inclusiveness and accountabilty wth a flow of informatlon In both directions, whi¢h ensures that all members of the community are aware of Curnt issues and enables the Managemènt Group. on behalf of The Board of Trustees to ensure good 9overnance. The Board of Trustees review remuneration of employees on an annual basis, taking into account pay scales applying in other Camphill communrties in Scotland as well as the wider charity sector. The following are connected to the charity through their association within the Camphill movement.. Camphill Medical Practice Limrted. Bieldside Camphill (Rudolf Steiner) Estates Limited, Bieldside Camphill Rudolf Steiner Schools Limited, Bieldside Camphill Social Fund Limited, Bieldside Newton Dee Camphill Community Limited. Bieldside Simeon Care for the Elderly Limited. Bieldside Tigh A'chomainn Camphill Limited. Pelerculter {Ceased August 2025).
BEANNACHAR LIMITED TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Reference and administrative information Charlty name Beannachar Limited Charity numbeT SC016384 Company number SC103915 Secretary Brodies Secretsrial Services Limited Principal address Camphill Communty South Deeside Road Banchory Oevenick Aberdeen AB12 SYL Registered office Brodies House, 31-33 Union Grove, Aberdeen. A810 6SD Auditors Tawse & Partners, 18 North SIer Street, Aberdeen, AB10 1 JU Bankers The Royal Bank of Scotland plc, 78 Union Street, Aberdeen. AB10 1HH Solicitors Brodies LLP, Brodies House, 31-33 Union Grove, Aberdeen, A810 6SD Board Of Trugtee5 The Board of Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: J Carlson A Enters U Ruprecht D Buchan F Stuyck (Resigned 6 December 2024) (Appointed 7 February 20251 Funds held as custodian trustee As part of our Terms and Conditions for residential students, parentslguardians are asked to delegate their appointeeship rights relating to finances. Trust bank accounts are set up with The Royal Bank of Scotland plc for each residential student All bank statements are kept confidentially thIn the office adhering to Dats Protection requirements. Students receive their personal allowance as -pocket money. when required, nonnally the full amount awarded is received by the student once per month. Funds held in trust for residential student5 amount to £34,52512024 - £46.9931 and are not included on the balance sheet ofthe charity at the year end. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. The Report of the Trustees includes the directors, report as required by company law.
BEANNACHAR UMITED TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Auditor The auditors, Tawse & Partners, are deemed to be reappointed under section 487(21 of the Conyanies Act 2006. Disclosure of information to auditor Each of the Board of Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. On behalf ofthe Board ofTrustees rlson Trustee 30 March 2026 D Buchan Trustee 30 March 2026
BEANNACHAR LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Board of Trustees, who are also the directors of Beannachar Limited for the purpose of company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom GenerallyAccepted Accounting Practice). Company law requires the Board of Tnjstees to prepare financial ststements for each financial year which give a tnje and fair view of the stste of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Board of Trustees are required to: select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP.. make judgèments and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements," and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity will continue in operation. The Board of Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial posrtion of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006, Ihe Charrties and Trustee Investment (Scotlandl Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of thè charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularrties.
BEANNACHAR LIMITED INDEPENDENT AUDITOR'S REPORT TO THE BOARD OF TRUSTEES OF BEANNACHAR LIMITED Opinion We have audited the financial ststements of Beannachar Limited (the 'charty') for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet, the statemènt of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting frarnework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 Th8 Financial Raporting Standard applicable in the UK and Republic of Ireland (United Kingdom GenerallyAcceptedAccounting Practice). In our opinion, the financial statements: give a true and fair view of the stale of Ihe char5table companls affairs as at 31 March 2025 and of its income and expendrture, forthe year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practic6,' and have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006 las amended). Basis for opinion We conducted our audit in ac¢ordance with International Standards on Auditing IUKI IISAS (UKII and applicable law. Our rfjsponsibilities under those standards are further described in the Auditors r&sponsibilitl8s for th6 audit of Ihe financial slatamenls section of our report. We are independent of the chanty in accordance with the ethical requirements that are relevant to our audrt of the financial statements in the UK, in¢luding the FRC'S Elhical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. Wè believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertalnty relatlng to golng concèrn We draw attention to Note 1.2 in the financial statements. which indicates the charity is actively engaging with the relevant Local Authorities to request essential additional fvnding to sustain the level of service required to provide supported accommodation and work opportunities to adults with leaming difficulties. As stated in Nole 1.2 this condition together with other factors described in Note 1.2 indicate a material uncertainty that may cast significant doubt on the charity's ability to continue as a going concern. Our opinion is not modified in respect of this matter. In audf(ing the financial statements we have concluded that the trustees use of the going concern basls of accounting in the preparation of the financial ststements is appropriate. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. other information The other information comprises the information included in the annual report other than the financial statements and our audilorfs report Ihereon. The Board of Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the exient otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is lo read the other information and, in doing so, consider whether Ihe other information 15 materially inconsistent with the ffinancial statsments or our knowledge obtained in the course of the audrt, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial staternents themselves. If, based on the work we have performed. we conclude that there is a material misslatement ofthis other information, we are required to report that facL We have nothing to report in this regard.
BEANNACHAR LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE BOARD OF TRUSTEES OF BEANNACHAR LIMITED Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of our audit= the information gwen in the tru5tees' report for the financial year for which th8 financial statements are prepared, which includes the directors, report prepared for the purposes of company law. is consistent with the financial statements- and the directors, report included within the trustees, report has been prepared in accordance wtth applicablè legal requirements. Matters on which we are required to report by exceptk>n In the light of the knowledge and understanding of the charity and its environment obtsined in the course of the audit, we have not identified material misstatsments in the directors, report included within the tru5tees' report. We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate a¢¢ounting re¢ords have not been kept. or returns adequate for our audit have not been received from branches not visited by us., or the f1nancial statements are not in agreement with the accounting records and retums. or certain disclosures of trustees, remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit,. or the Board of Tnjstees were not entitled to prepare the financial statements in accordance wrth the small companies regime and take advantage of the small coryianies. exemptions in prepaiing the trustees, report and from the requirement to prepare a strategic report. Responsibilities of Board of Trustees A5 explained more fully in the statement of trustees. responsibilttie5, the Board of Trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the BoaTd of Trustees determine is necessary to enable the preparation of financial ststements thal are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Board of Trustees are responsible for assessing the charf(y's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Trustees either intend to liquidate the charitsble company or to Cease operations, or have no realistic alternalive but to do so. Auditor's responsibilities for the audlt of the financlal statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whetherthe financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAS (UK) will atways detect a material misststement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reesonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
BEANNACHAR LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE BOARD OF TRUSTEES OF BEANNACHAR LIMITED The extent to which our procedures are capable of detecting irregularities. including fraud. is delailed below. All engagement team members were briefed on relevant identified laws and regulations and potential fraud risks at the planning stage of the audit Engagement team members were reminded to remain alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. We obtained an understanding of the legal and regulatory frameworks that are applicable to the company, focusing on provisions of those laws and regulations that had a direct effect on the deterrnination of material amounts and disclosures in the financial statements. The nThJst relevant frameworks identified include- . UKGAAP Companies Act 2006 Charities and Trustee Investment IS¢otlandl A¢t 2005 Data Protection Act 1998 Employment Rights Act 2010 Health and Social Care Act 2008 Regulations of Care (Scotland) Aot 2001 The Adults with IncapacityAct IS¢otlandl 2007 The Care StandafdsA¢t 2000 The Community Care and Health IScotland)Act 2002 The Charities Accounts (Scotlandl Regulations 2006 The EmploymentAct 2002 The Fir8 (Scotlandl Act 2005 The Fire Safety {Scotlandl Regulations 2006 The Food Hygiene (Scotland) Regulations 2006 The Human Rights Act 2000 The Management of Heah and Safety at Work Regulations 2003 The Protection of Vulnerable Group (S¢odandl Act 2007 We gained an understanding of how the charitable company is complying With these laws and regulations by making enquiries of management. We corroboTh8ted these enquiries through our review of relevant correspondence with regulatory bodiès and board minutes. We assessed the susceplibility of the charrtable company's financial statements to material misstatement, including how fraud might occur by meeting with management and those charged with governance to understand where it was considered there was susceptibilty to fraud. This evaluation also considered how management and those charged wf(h governance were remunerated and whether this provided an incentive for fraudulent activity. We considered the overall control environment and h¢)w management oversee the implementation and operation of contrDSs. In areas of Ihe financial statements where risks were considered to be higher, we performed procedures to address each identified risk. The following procedures were performed to provide reasonable assurance that the financial statements were free of material fraud or error. Reviewing minutes of meetings ofthose charged with governance; Reviewing the level of and reasoning behind the charitable company's procurement of legal and professional services.. Performing audr( procedures over the risk of management override of controls, including testing of journal entrie5 and other adjustments for appropriateness, evaluating Ihe business rationale of significant transactions outside the normal course of charitable adivities and reviewing judgements made by management in their calculation of accounting estimates for potential management bi85. Our audit procedures were designed to respond to risk of material misstatement in the financial statements, recognising that the nsk of not detecting a m8terial risk due to fraud is higher than the risk of not detecting one resulting from error as ftaud may invOe intentional concealment, forgery, collusion, omission or misrepresentation. There are inherent limitations in the audit procedures performed and the further removed non- compliance with laws and regulations is from events and transactions reflected in the financial statements, the less likely we are to become aware of it. A further description of our responsibilities is available on the Financial Reporting Council's webstte at.. https.'Il www.frc.org.uklauditorsresponsibilities. This description forms part of our auditorfs report. 10
BEANNACHAR LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE BOARD OF TRUSTEES OF BEANf+JACHAR UMITED This report is made solely to the charitable companvs members, as a body, in accordance with Chapter 3 of Part 16 of the CompaniesAct 2006. Our auditwork has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permittèd by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or forthe opinions we have formed. Hazel Nèllson for and on behalf ofTawse & Partners statutory Auditor Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 18 North Sier Street Aberdeen A810 1JU 30 March 2026
BEANNACHAR LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Current financial year Unrestricted Restricted funds nds 2025 2025 Total Total 2025 2024 Notes Income and endowments from: Donations, gift aid and tax recoveries Charrtable activities Other income 37,887 2.322.258 34,531 2.001 39,888 2,322,258 39,349 22,824 2,244,323 134,996 4.818 Total Income 2,394,676 6,819 2,401,495 2,402,143 Expenditure on., Charitable activities 2,634,448 47,659 2,682,107 2,293,281 T¢tal resources expended 2,634,448 47,659 2.682,107 2,293,261 Net loutgolng)Ilncoming resources before transfers (239.772) {40,840) 1280.6121 108,882 Gross transfers beeen funds (71 Net lexpenditureifincome for the yearl Net movement in funds (239,779) (40,8331 1280,612) 108,882 Fund balances at 1 April 2024 278.628 358,283 636.911 528,029 Fund balances at 31 March 2025 38,849 317.450 356,299 636,911 The statement of financial activities also complies wtth the requirements for an income and expenditure account underthe Companies Act 2006. 12-
BEANNACHAR UMITED STATEMENT OF FINANCIAL ACTIVITIES ICONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Prior financial year Unrestricted Restricted nds funds 2024 2024 Total 2024 Notes Income and endowments from: Donations, gift aid and lax recoveries Charitable aclNities Other in¢ome 18,642 2,244,323 41,844 4,182 22,824 2,244,323 134,996 93,152 Total income 2,304,809 97,334 2,402,143 Expenditure on: Charitable actwities 2.225,725 67,536 2,293,261 Total resou rces expended 2,225,725 67,536 2,293,261 Net (outgolnglllncomlng resources before transfers 79,084 29,798 108,882 Net (expendlturelllncome for the yearl Net movement in lunds 79,084 29,798 108,882 Fund balances at 1 April 2023 199,544 328,485 528,029 Fund balances at 31 March 2024 278.628 358,283 638.911 The statement of financial activities also complies with Ihe requirements for an income and expenditure account undèrthe Companies A¢t 20C6. 13-
BEANNACHAR LIMITED BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets 10 406,476 461.145 Current assets Debtors Cash at bank and in hand 12 251.262 131.908 243.731 396,845 383.170 640,576 Creditors: afflounts falling due within one year 13 (433.347) {484,8101 Net current Iliabilitiesyassets (50.1771 175,766 Total assets less current liabilities 356,299 636,911 Income funds Restricted funds Unrestricted fijnds 17 317,450 38,849 358,283 278,628 356,299 636.911 These financi81 ststements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial staterrEnts were approved by the Board Of Trustees on 30 March 2028 rlson stee D Buchan Trustee Company Registration No. SC103915 14-
BEANNACHAR LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating activities Cash {absorbed by)Igenerated from operations 21 (251,0981 312,106 Investing activities Purchase of tangible red assets Proceeds on disposal of tangible frxed assets 115.295) (99,126) 1.456 3.500 Net cash used In Investlng actlvlties 113,839) 195,626> Net cash used rn financing activities Net {decreasellincrease In cash and cash equlvalent$ 1284,937) 216,480 Cash and cash equivalents at be9innin9 of year 396,845 180,365 Cash and cash equivalents at end of year 131,908 396,845 15-
BEANNACHAR LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Company information Beannachar Limited is a private company limrted by guarantee incorporated in Scotland. The registered office is Brodies House, 31-33 Union Grove, Aberdeen. ABIO 6SD. 1.1 Accounting convention The financial statements have been prepared in accordance wtth the charity's Memorandum and Articles of Association, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts Iscotland) Regulations 2006 las amended) and 'Accounting and Reporting by Charities.. Statement of Recornmended Practic8 applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)° las amended for accounting periods commencing from 1 January 2019). The charity 15 a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling. which is the functional currency of the charty. Monetary amounts in these financial statements are rounded to the nearest £. The financial ststements have been preparèd under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Golng concern The charity has continued to experience SnifiCant financial pressures duTbng the year, including rising staffing ¢osls, increased national in$uran¢e and agency &xpendilure, and the wider cost-of-living impact on food and utilities. These pressures have contributed to operating losses and negatwe cashflows. The charity is dependent on the Local authorities providing the necessary funding to sustain the level of service required to provide supported accommodation & work opportunities to adults with learning difficulties. A Cashflow f¢re¢ast prepared by the senior leadership team for the period of 12 months from the expected date of approval ol these financial statements indicates that, without additional support, the charity would face cash deficit of appToximalely £177,000 at 31 March 2027. As at the date of approval of these financial statements, the charty also has a working capital deficit. The charily has no overdraft facility., however, the bank has indicated that it may provide short-term support if required, bul no formal or committed facilty is in place. The charity also rents the grounds from a related association, which has indicated they would consider short-term financial support if necessary. These arrangements are informal and not ¢ontra¢tually committed. The Board of Trustees 15 actively engaging with the relevant Local Authorities to request essential additional funding tc support the continued delivery of services. At the date of approval of these financial statements, extra funding has been granted by the Local Authorits"es to cover the cost of the national minimum wage increase however no agreement for the requested additional funding for residential and day seryices has been secured. This request is currently being considered by the Local Authortties. The Board is also reviewing seTvice delivery models, overheads, and resource allocation. and FS explonng a new residential registralion that may generate additional placements in the future. The abilty of the chaiity to continue as a going concem is therefore dependent on securing additional funding from Local Authorities andlor receiving continued short-term support from the bank and the related association. These matters represent conditions that give rise to a material uncertainty which may cast significant doubt on Ihe charity's abilty to continue as a going concern and therefore that it may be unable to realise its assets and discharge r(s liabiif(ies in the normal course of business. Nofwithstanding this material uncertainty. the Board of Trustees believe5 that, based on the actions being taken, the anticipated additional funding from Local Authorities and the short term financial support expected from other parties, rf( remains appropriate to prepare the financial statements on a going concern basis. 16-
BEANNACHAR LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.3 Charitable funds Unrestricted ndS are available for use at the discretion of the Board of Trustees in fiJrtheTance of their charitable objectives. Restricted funds comprise donations and grants iecetved for the financing of specific projects as spe¢ified by the donor. The aim and use of restricted fvnds are detailed in note 17 to the financial statements. 1.4 Income All income is recognised in the Ststement of Financial Activities when the conditions for receipt have been met and there is reasonable assurance of receipt The foll¢)wing specffic policies are applied to particular categories of income: Voluntary income is received by way of donations, gifts, legacies and granl income and is included in full In the Statement of Financial Activrties when received except in $0 far as they are incapable of financial measurement. Cash donations are recognised on receipt Other donations are recognised once the charity has been notiffed of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift AKI or deed5 of covenant is reco9nised at the time of the donation. Donated seNices and facilities are included at thè value to the charty where Ihis can be quanttfied. The value of services provided by volunteers has not been included in these financial statements. Income fr¢m charitable activtties represents fees, contributions and grants received and are attributable to the charity's principal activity. Rental income is rec6Iv8d from employees for a¢¢ommodalion and is recognised on a monthly basls. Grant income is recognised once the charty is entitled to the income unless performance conditions require deferral of the amount. 1.5 Expenditure Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT which cannot be recovered. and is reported as part of the expenditure to which it relates. Costs of charitable expenditure comprises the costs of care programmes undertaken by the charity and Is accounted for when payable. It also included support costs which represent the staffing and associated costs of supporting and monitoring the operations programmes for which the charity is responsible. In addition, governance costs which represent expenditure associated with meeting the constitutional and statutory requirements of the ch8nty. and include accountancy fees and Costs linked to the strategic management of the charity, are included in the cosls of charitable expenditure. 1.8 Tangible fixed assets Tangible fjxed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over f(s expected useful life, as follows.. Tenant's improvements - general lund Tenant's improvements - restricted fund Plant and equipment- restricted fund Plant and equipment- general fund Motor vehicles - general fund Motor vehicles - restricted fund over the tenn of the lease over the term of the lease 2&50% straight line 2&50% straighl line 25% reducing balance 250A reducing balance The gain or loss arising on the disposal of an asset is determined as the difference beiween Ihe sale proceeds and Ihe carrying value of the asset and is recognised in the statement of financial activities. 17-
BEANNACHAR LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Accou nting policies (Continued) 1.7 Impairment of fixed assets A55ets not measured at fair value are reviewed for any indication that the asset may be irnpaired at ea¢h balance sheét date. If such indication exists, the recoverable amount of the asset or the asset's cash generating unit is estimated and compared to the carrying amount Wh&r8 Ihe carrying amount exceeds its recoverable amount, an impairment loss is recognised in income and expenditure for the year unless Ihe asset is carried at a revalued amount where the iryairment loss is a revaluation decrease. 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-teTrn liquid Investments with original maturities of three months or less, and bank overdrats. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financlal Instruments The charity has elected to apply the provisions of Section 11 'Basi¢ Financial Instruments, and Se¢tion 12 'Olher Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the chanvs balance sheet when the charity becomes party to the contractual provisions of the inslrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on nel basis or to realise the asset and Settle the liability simultaneously. Baslc flnanclal assets Basic financial assets. which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effectNe interest method unless the arrangement constitutes a financing transadion, where the transaction is measured at the present value of the future receipts discounted at a market rate of inlerest. Financial assets classified as receivable within one year are not amortised. Baslc flnanclal Ilabllltles Basic financial liabililies, including credrtors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade credrtors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilfties if payment is due wrthin one year or le55. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilrties are derecognised when the charr(5 contraclual obligations expire or are dis¢herged or cancelled. 1.10 Taxation The charity is recognised as a charity for the purposes of applicable taX8tion legislation and is therefore not subject to taxation on its charitable activities. 18-
BEANNACHAR LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Continued) 1.11 Employee benèflts The Cost of any unused holiday entitlement is recognised in the period in which the empk)yee's services are received. Temiination benefrts are recognised immediately as an expense when the charrty is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.12 Retirement beneflts The charity operates a defined contribution scheme for employees and co-workers. The assets ofthe scheme are held separately from those of the charty- The annual contributions payablè are charged to the Statement of Financial A¢lw(cies. 1.13 Leases Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capit81 and interest elements. The interest is charged to net incomellexpenditurel for the year so as to produce a constsnt periodic rate of interest on the remaining balance of the liability. Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease. Critical accounting estimates and judgements In the application of the charity's accounting policies, the Board of Trustees are required to make judgements, estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both Current and future periods. 19-
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BEANNACHAR LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Board Of Trustees The Board of Trustees. who are directors for the purpose of company law. comprise of non-resident members. Non-resident members are not paid any remuneralion or expenses for attending Trustee meetings. During 2024 accommodation and travel costs of £775 were paid on behalf of 2 Trustees. No such costs were paid during 2025. Total Trustee and key management personnel remuneralion and benefits for the year were £180,427 (2024 - £140,616). These costs include salaries, employer pension contributions and termination st$. Employees The average monthly number of employees during the yearwas: 2025 Number 2024 Number Carers, administration and support workers 54 51 Employment Costs 2025 2024 Wages and salaTies Social security costs Other pension costs 1,478.161 137,703 67,297 1,254,548 109,214 61,931 1.683,161 1,425,693 During the financial year. the charity incurred total temiination payments of £12,500. The number of employees whos8 annual rerNneration was more than £60,000 is as follows: 2025 Number 2024 Number 60.001 to 70.000 Contributions totalling £3.58412024- £nil ) were made to defined contributs'on pension schemes on behalf of employees whose emoluments exceed £80,000. Taxatlon The charity is exempt from tax due on income and gains falling within Section 505 of the Income and Corporation Taxe5 Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to ils charrtable objects. No tax charges have arisen in the charty. -23-
BEANNACHAR UMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Tanglble fixed assets Tenanvs Plant and improvements equipment Motor vehicles Total Cost At 1 April 2024 Additions Disposals 363,940 137,925 15,295 {2,2081 229,093 730,958 15.295 (2,208) At 31 March 2025 363.940 151,012 229,093 744,045 Depreciation and impalrment At 1 April 2024 Depreciation charged in the year Eliminated in respect of disposals 71,552 18.323 92.238 19,418 1752} 106,023 30.767 269,813 68,508 1752) At 31 March 2025 89.875 110,904 136,790 337,569 Carrylng amount At 31 March 2025 274,065 40,108 92,303 406,476 At 31 March 2024 292,388 45,687 123,070 461,145 11 Financial instruments 2025 2024 Carrying amount of financlal assets Debt inslrumenls measured at amortised cost 356,672 609,612 Carrying amount of Ilnancial liabilities Measured at anrtised cost 299,149 255,590 12 Debtors 2025 2024 Amounts falllng due wrthin one year". Trade debtors Other debto Prepayments and accrued income 206,692 6,742 37.828 212,051 716 30,964 251,262 243,731 -24-
BEANNACHAR LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Creditors: amounts falling due within one year 2025 2024 Notes other taxation and social security Deferred income Trade creditors other creditors Accruals 40,881 93.317 83,169 162,004 53,976 22,636 186,584 51,915 145,446 58,229 15 433,347 464,810 14 Limited Ilablllty The charity is incorporated as a company limited by guarantee having no share capitsl and, in accordanc8 with the Memorandum of Association, every member is liable to contribute a sum of £1 in the event of the company being wound up. At 31 March 2025 there were 4 members. 15 Deferred Income 2025 2024 Arising from deferred fee income 93.317 186,584 Income has been deferred for fee income which has been invoiced for periods In advance ofthe year end. 16 Retirement benefit schemes Defined contribution schemes The charity operates a defined contribLrtion pension scheme for all qualifying employees. The assets of the scheme are held separately from those ofthe charty in an independently administered fund. The charge to Statement of Financial Activity in respect of defined contnbution s¢herres for employees was £67,29712024 - £61,931). 2i-
BEANNACHAR LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 17 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subjectto SPlf1¢ conditions by donors as to how they may be used. At 1 April 2024 Incoming resources Resources expended At 31 March 2025 Transfers New office fund Electric vehicles lund Laundry improvement fund VDSF SVQ 2 fund Community facilities fund Greenhouse fund 8edroom fund Conservatory fund Drama fund Garden tools fund Roots & fruits Gardening fund 205.889 126.993 204 4.020 10,957 9,040 409 271 500 (12,434) (30.044) 193,455 96.949 204 4,020 9,332 5,800 371 {1,6251 {3,2401 (381 12781 500 1,001 4,818 1,000 1,001 4,818 1.000 358,283 6.819 (47,659) 317,450 Previous year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 New office fund Electric vehicles fund Laundry improvement lund VDSF SVQ 2 fund Camphill Lafvia community fund Community facilities fund Greenhouse fund Bedroom fund ConseNatory fund Drama fund 218,323 101,911 4,231 4,020 (12,434) (40,059) 14,027) 205,8B9 126,993 204 4.020 65.141 882 14.709 12.552 750 2.800 500 18821 13,752) 13.512) (341) 12,529) 10,957 9,040 409 271 500 328.485 97.334 (67,536) 358,283 26-
BEANNACHAR LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Restricted funds (Continuedl The new office fund represents income from fundraising a¢tiwties and donations that is to be spent on the construction ofthe new office building. The electric vehicle fund represents income recebved towards the cost of purchasing new electric vèhicles and the instsllation of a charging station. The laundry fund represents monies received for the purpose of improving the laundry. The VDSF SVQ 2 fund represents funds ieceived for the purpose of providing SVQ 2 training to employees. The Camphill Lafvia community fund represents fvndraising and donations towards fire damage at another Camphill entty. The communily facilities fund represenls income received to address climate change, enhancè communf(y facilities and support creative sustsinable solutions. The greenhouse fund repiesents income to support communty growing spaces. The bedroom fund represents Income receNed to fumish the bedrooms of the one year gap volunteers who live in the community. The ¢onseNatory fund represents ftjnds received to refurbish the conservatory. The drama fund represents funds received towards drama for young adults with a learnlng dksablllty. The garden tools fund represents funds received for purchasing gardening tools. The roots & fruits fiJnd represents fijnds received from the Meikle Carewe Wind Farm Communlty Fund for the construction of a garden wash station and the purchase of garden equipment. The gardening fund represents funds received forthe purchase of gardening equipment. 18 Analysis of net assets between funds Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restrlcted funds funds 2024 2024 Total 2025 2024 Fund balances at 31 March 2025 are represented by. Tangible assets Current assetsl(li8bilities) 111,221 (72.372) 295,255 22.195 406,476 {50,177) 118,478 160,150 342,667 15,616 461,145 175,766 38,849 317,450 356.299 278,628 358,283 636,911 -27-
BEANNACHAR LIMITED NOTES TO THE FINANCIAL STATEMENTS {CON71NUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Operating lease commitments At the reporting end date the charity had outstanding commrtments for future minimum lease payments under non-cancellable operating leases. which fall due as follows: 2025 2024 Within one year Beeen I0 and fve years ID over five years 195,809 781.460 1,827,144 1g4,717 776,132 2,021,177 2,804,413 2,992,026 During the year £195,809 (2024- £184,428) of lease payments were regnIsed as an expense. 20 Related party transactions There are no other related party transactions other than those disclosed in note 7. 21 Cash (absorbed byvgenerated from operations 2025 2024 (Deficitysurplus for the year {280,6121 108,882 Adjustment5 for: Lossl{gain l on disposal of tangible red assets Depreciation and impaiiment of tangible fixed assets 12,918) 73,744 68,507 Movements in working capital: Ilncreasel in debtors Increase in creditors (Decreaseyincrease in deferred income {7,5311 61,804 (93,267) 180,9001 26,146 167,150 Cash (absorbed byllgenerated from operations 1251,098) 312.108 22 Analysis of changes in net funds The charity had no material debt during the year. -28-