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← Camphill Family Trust

2025-04-05-accounts

CHARITY REGISTRATION NUMBER: SC018985

CAMPHILL FAMILY TRUST ACCOUNTS AND TRUSTEES' REPORT FOR THE YEAR ENDED 5 APRIL 2025

CAMPHILL FAMILY TRUST

ACCOUNTS AND TRUSTEES’ REPORT

FOR THE YEAR ENDED 5 APRIL 2025

CONTENTS

PAGES
Trustees’ report 1 to2
Legal and administrative details 3
Trustees' responsibilites 4
Independent examiner’s report to the trustees 5
Statement of financial activities 6
Statement of financial position 7
Notes to the accounts:
1.
Accounting policies		 8to9
Othernotestotheaccounts 10to15

CAMPHILL FAMILY TRUST

TRUSTEES’ REPORT

’ FOR THE YEAR ENDED5 APRIL 2025

The trustees present their report along with the financial statements of the charity for the year ended 5 April 2025.

The financial statements have been prepared in accordance with accounting policies set out on pages 8 and 9 and comply with the charity's trust deed, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

Objects and Activities of the Charity

The trust was formed to promote the welfare of members of Camphill! Communities. This would embrace medical, educational, therapeutic, recreational and social needs that would arise, but which the community might find difficult to meet. The help would be in the form of grants or loans towards these costs.

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Thereafford areit. timesThe Camphill when a communityFamily Trustwould wouldwantlike toto helpsupportin sucha needcircumstancesbut for one reason- perhaps or another cannotexpensive or urgent medical treatment, a musical instrument for a gifted child, or a once-in-a-lifetime holiday.

It is hoped that other parents, relatives and friends could get to know about this trust and perhaps support it through gifts or legacies.

The existence and purpose of the trust have been made known to members of the Camphill communities who have been asked to put forward any requests to the Trustees.

Structure, Governance and Management

The Camphill Family Trust was established under a deed executed on 8 October 1991 with the purpose of making provision for the benefit of promoting the welfare of members living in the communities of the Camphill Village Trust Limited or other charitable organisations having charitable status. Inland Revenue Charities (Scotland) accept that the Camphill Family Trust is a charitable trust under reference CR44649. The trust was founded out of the initiative of the late Iris Baxter and the initial funds and investments have been provided by Mrs. Baxter and from the Estate of her late mother, Mrs. 3. D. Nicol.

The trustees were appointed under the terms of the founding deed except where indicated. , The majority of the trustees should be resident in Scotland.

The trustees meet twice each year; in the autumn and spring, to consider grant making, but requests could be considered at other times if urgent. Where appropriate, any application for assistance should come from the community and not directly from the individual concerned.

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How it is decided whether something is rightly the responsibility of a Camphill Centre or something the trust would support is a matter which we as trustees will have to struggle with as we consider each application.

If additional trustees are required the trustees identify suitable people to approach who are connected with the Camphill Movement. The trustees do not consider that formal induction and training is required since the required level of information is passed on by existing trustees.

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CAMPHILL FAMILY TRUST.

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

Achievements and Performance

During the year to 5 April 2025 the trustees made total grants to individuals and charities of £37,189, more than a third of which went to children of the Camphill communities undertaking further education or training.

The Trust has continued to provide grants to help with training, further and tertiary education and given support for some people who have gone on to do post-graduate degrees.

Several grants were made to help with situations arising from serious medical and dental difficulties and to help individuals in time of difficult individual or family crisis or those experiencing financial hardship especially after the death of a parent or partner.The trustees are aware of the growing number of people facing the challenges of old age, both health related and due to significantly reduced income.

The Trust helped with the purchase of suitable hearing aid for a person struggling with increasing deafness and without the resources to pay for an appropriate model.

A grant was made to enable a child with challenging needs to seek assessment and therapy.

Grants were made to three people living in, and supported by Camphill communities, to help take holidays when their own resources from benefits were insufficient.

There have been significant changes to Camphill in the UK since the Camphill Family Trust was created. The Deed as drafted needed revising; to ensure clarity and to enable the trustees to continue to serve the purpose of the Trust and the intentions of Iris Baxter, who created it. The Trust solicitor with the trustees, are drafting a revised Deed and this together with a supporting narrative will be submitted to OSCR for approval.

Financial Review

Investment income received in the year was £99,312 (2024: £90,377), whilst expenditure amounted to £63,007 (2024: £58,329). This resulted in net income of £36,305 (2024: £32,048) before net losses on investments of £85,960 (2024: gains of £78,407).

Total reserves held at the year end were £3,207,271 (2024: £3,256,926) of which £2,863,680 were permanent endowment funds (2024: £2,943,168) and £343,591 were unrestricted funds (2024: £313,758). |

Risk management

The trustees consider the variability of investment returns on the permanent endowment to constitute the charity's major risk.

Investment Policy and Performance

The investment portfolio is managed on the basis that the primary investment objective is for a balanced portfolio subject to a medium degree of risk. The following restrictions apply to investments. The investment manager is tasked with disposing of shares in companies whose main source of income is from tobacco. The timing of disposal is at the discretion of the investment manager. The investment manager may not increase holdings in companies whose main source of income is from fossil fuels.

The total return on all investments for 2025 is 0.34% (the return in 2024 was 5.6%).

Reserves policy

,

See accounting policy on pages 8 and 9.

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CAMPHILL FAMILY TRUST

LEGAL AND ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 5 APRIL 2025

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CAMPHILL FAMILY TRUST

TRUSTEES' REPORT

FOR THE YEAR ENDED 5 APRIL 2025

TRUSTEES' RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The charity trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic

The law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure, of the charity for that period. In preparing the financial statements, the trustees are required to:

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees on 7 November 2025 and signed on their behalf by

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CAMPHILL FAMILY TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CAMPHILL FAMILY TRUST

FOR THE YEAR ENDED5 APRIL 2025

I report on the accounts of the charity for the year ended 5 April 2025 which are set out on pages 6 to 15.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

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In the course of my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. -e to keep accounting records in accordance with Section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations

@ to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations

have not been met, or

  1. to which, in my opinion, attention should be drawn in order to enable a proper a )/Z to be reached. Carson and Trotter 123 Irish Street Dumfries DG1i 2PE

Date: 15 December 2025

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CAMPHILL FAMILY TRUST

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 5 APRIL 2025

2025 2024
Permanent
Endowment
Fund		 .
Unestricted
Fund		 Total Permanent
Endowment
Fund		 “
Unnestriched
Fund		 Total
Notes £ £ £ £ £ £
Income and endowments from:
;
Investments 2 - 99,312 99,312 - 90,377 90,377
Total income - 99,312 99,312 - 90,377 90,377
Expenditure on:
Investment management costs - 16,741 16,741 - 18,647 18,647
Charitable activities 3 - 46,266 46,266 - 39,682 39,682
Total expenditure - 63,007 63,007 - 58,329 58,329
Net income before
gainsand losseson investments - 36,305 36,305 - 32,048 32,048
Net (losses)/ gainson investments 4 (79,488) (6,472) (85,960) 75,294 3,113 78,407
Net income/(expenditure) (79,488) 29,833 (49,655) 75,294 35,161 110,455
Funds reconciliation
,
Balance brought forward at 6 April 2024 2,943,168 313,758 3,256,926 2,867,874 278,597 3,146,471
Balancecarriedforwardat5April2025 2,863,680 343,591 3,207,271 2,943,168 313,758 3,256,926

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CAMPHILL FAMILY TRUST

STATEMENT OF FINANCIAL POSITION

AS AT 5 APRIL 2025

Notes
FIXED ASSETS
Investments
4
CURRENT ASSETS
Debtors
5
Cash at Bank
Creditors - amounts falling due within one year
6
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Permanent Endowment Fund
7
Unrestricted Fund
TOTAL CHARITY FUNDS		 Permanent
Endowment
Fund
£
£
£
2,861,275
317,754
3,179,029
-
-
-
2,405
36,664
39,069
2,405
36,664
39,069
-
10,827
10,827
2,405
25,837
28,242
2,863,680
343,591
3,207,271
2,863,680
-
2,863,680
-
343,591
343,591
2,863,680
343,591
3,207,271
2025
Unrestricted
Fund
Total		 Permanent
Endowment
Fund
£
£
£
2,942,247
278,544
3,220,791
2024
Unrestricted
Fund
Total
-
15,000
15,000
921
29,040
29,961
921
44,040
44,961
-
8,826
8,826
921
35,214
36,135
2,943,168
313,758
3,256,926
2,943,168
-
2,943,168
-
313,758
313,758
2,943,168
313,758
3,256,926

Approved by the trustees on 7 November 2025 and signed on their behalf by

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The notes on pages 8 to 15 form part of these accounts.

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: JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY The preparation of the the financial statements requires management to to make judgements, , and assumptions that affect the amounts reported. These estimates and

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CAMPHILL FAMILY TRUST

NOTES TO THE ACCOUNTS

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FOR THE YEAR ENDED 5 APRIL 2025

1 ACCOUNTING POLICIES

BASIS OF PREPARATION

The financial statements have been prepared in accordance with applicable United Kingdom accounting standards including Statement of Recommended Practice: Accounting and reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and the Republic of Ireftand (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended),

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Camphill Family Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

GOING CONCERN

The trustees consider that there are no materia! uncertainties about the charity's ability to continue as @ going concern.

The preparation of the the financial statements requires management to 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. Actual results may differ from these estimates. ,

INCOME

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.
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EXPENDITURE

RESERVES POLICY AND FUND ACCOUNTING

The funds of the Camphill Family Trust comprise:

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CAMPHILL FAMILY TRUST

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NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2025

RESERVES POLICY AND FUND ACCOUNTING (continued)

II, Unrestricted Fund, which is expendable at the discretion of the Trustees in furtherance of the objects of the charity. It. No reserves are required because the income is used first for expenses and then any excess is distributed.

INVESTMENTS

Investments are stated in the balance sheet at their market value as at the balance sheet date. All movements in value arising from investment changes or revaluation are shown in the Statement of Financial Activities. Unrealised gains or losses are derived on the movement in market values during the year. Realised gains and losses are calculated as the difference between the disposal proceeds and the market value of the investments as at the end of the previous accounting period, any gain or loss on the difference between that market value and the cost having already been recognised in earlier periods and credited to the accumulated fund as unrealised net gains or losses. Any realised and unrealised gains and losses on revaluation or disposals are combined in the financial statements. . FINANCIAL INSTRUMENTS Financial ‘assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. :

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction.

Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a-net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

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CAMPHILL FAMILY TRUST

NOTES TO THE ACCOUNTS ;

FOR THE YEAR ENDED 5 APRIL 2025

2 INVESTMENT INCOME ;
2025 2024
£ £
Dividends 69,416 67,783
Interest received 29,896 22,594
99,312 90,377

All investment income received in the year was unrestricted (2024: all unrestricted).

3 EXPENDITURE ON CHARITABLE ACTIVITIES

2025 2024
£ £
Accountancy charges 7,256 7,874
Grants paid to individuals 37,189 30,285
Bank charges 94 23
Governance costs: ~
Trustee expenses 576 300
Independentexaminer's fee 1152 1,200
46,266 39,682

All charitable activities costs in the year were unrestricted (2024: all unrestricted).

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CAMPHILL FAMILY TRUST

NOTES TO THE ACCOUNTS

;

FOR THE YEAR ENDED 5 APRIL 2025

4 FIXED ASSET INVESTMENTS AS AT 5 APRIL 2025 ‘

Permanent ;
Endowment Unrestricted
.
:		 Fund Fund Total
£ £ £
Marketvalue as at 5 April 2024
Additions		 2,942,247
436,215		 278,544
45,682		 3,220,791
481,897
3,378,462 324,226 3,702,688
Disposals at opening book value (431,439) : (431,439)
2,947,023 324,226 3,271,249
Net gains on revaluation as at 5 April 2025 81,043 4,859 85,902
Net (losses) on revaluation as at 5 April 2025 (166,791) (41,331) (178,122)
Market valueas at 5 April 2025 2,861,275 317,754 3,179,029
Historical costasat5 April 2025 3,146,077 287,976 3,434,053
Investments at fair value
Comprised:
Equities 2,307,199 135,713 2,442,912
Fixed interest securities 954,076 182,041 736,117
2,861,275 317,754 3,179,029

The total unrealised losses for the year are £92,220 and the total realised gains are £6,260 resulting in a net loss on investments of £85,960.

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CAMPHILL FAMILY TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2025

FIXED ASSET INVESTMENTS AS AT 5 APRIL 2024 (COMPARATIVES)

:

Permanent
Endowment Unrestricted
‘ Fund Fund Total
£ £ £
Marketvalueasat 5 April 2023
Additions		 2,842,844
169,633
3,012,477		 165,366
176,363
341,729		 3,008,210
345,996
3,354,206
Disposals atopening bookvalue (143,787)
2,868,690		 (64,418)
277,311		 (208,205)
3,146,001
Netgainson revaluation as at 5 April 2024
Net (losses)on revaluation asat5 April 2024
Marketvalueasat5 April2024		 195,501
(121,944)
2,942,247		 8,753
(7,520)
278,544		 204,254
(129,464)
3,220,791
Historical costasat 5 April 2024 2,269,655
242,294
2,511,949
tS
Investments atfairvalue
Comprised:
Equities
Fixed interestsecurities		 ;
2,445,379
100,563
2,545,942
496,868
177,981
674,849
2,942,247
278,544
3,220,791
EE

The total unrealised gains for the year are £74,790 and the total realised gains are £3,617 resulting in a net gain on investments of £78,407.

win

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CAMPHILL FAMILY TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2025

5 DEBTORS

Loan

2025 2024
£ £
= 15,000
: 15,000

This is an interest free loan to be repaid from the estate of the lenders on the death of whichever of them is the last to die. This was repaid within the financial year. ,

6 CREDITORS FALLING DUE WITHIN ONE YEAR CREDITORS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Accruals . 6,327 6,026
Accrual! for grants payable 4,500 2,800
10,827 . 8,826

7 ANALYSIS OF CHARITABLE FUNDS

Unrestricted Fund

Balance at Gains/ Balance at
05-Apr-24 Income Expenditure Transfers (Losses) 05-Apr-25
£ £ £ £ £ £
General funds 313,758 99,312 (63,007) - (6,472) 343,591
313,758 99,312 (63,007) : (6,472) 343,591

Unrestricted funds are for spending at the discretion of the trustees to further the Trust's purposes.

Endowment Fund

,

Balance at Gains/ Balance at
. 05-Apr-24 Income Expenditure Transfers (Losses) 05-Apr-25
£ £ £ £ £ FS
Permanent Endowment 2,943,168 - - - (79,488) 2,863,680
2,943,168 - - - (79,488) 2,863,680

The permanent endowment fund is maintained to generate income for the unrestricted fund.

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CAMPHILL FAMILY TRUST

NOTES TO THE ACCOUNTS

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FOR THE YEAR ENDED 5 APRIL 2025 7 ANALYSIS OF CHARITABLE FUNDS (COMPARATIVES)

,

Unrestricted Fund

Balanceat
06-Apr-23
£		 Income
£		 Expenditure
£		 Gains/
Transfers
(Losses)
£
£		 Balanceat
05-Apr-24
£
General funds 278,597 90,377 (58,329) Ss
3,113		 313,758
278,59790,377_(58,329) 90,377_(58,329)
8
377
(58,329)STB		 313,758

.

Unrestricted funds are for spending at the discretion of the trustees to further the Trust’s purposes.

Endowment Fund

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,
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Balance at |
06-Apr-23 Gains/ Balance at
£ Income Expenditure Transfers (Losses) 05-Apr-24
£ £ £ £ £
Permanent Endowment 2,867,874 - ss - 75,294 2,943,168
SO2867874B74C8 ~2,943,168
The permanent endowment fund is maintained to generate income for the unrestricted fund, |
A current year 12 months and prior year 12 months combined position is as follows: :
Unrestricted Fund
Balance at Gains/ Balance at
06-Apr-23 Income Expenditure Transfers (Losses) 05-Apr-25
£ £ £ £ £ £
General funds 278,597 189,689 (121,336) - (3,359) 343,591
278,597(121,336)189,689 - (3,359)(3,359) 343,591
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Unrestricted funds are for spending at the discretion of the trustees to further the Trust's purposes. Endowment Fund

Balanceat
06-Apr-23
Income
£
£		 Expenditure
£		 Transfers
£		 Gains/
(Losses)
£		 Balanceat
05-Apr-25
£
Permanent Endowment 2,867,874
cS		 - - (4,194) 2,863,680 —
2867874
SSS
OY
(4,194)		 __2,863,680

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CAMPHILL FAMILY TRUST

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2025

8 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Net
Current
Investments Assets Total
£ £ £
PermanentEndowment Fund 2,861,275 2,405 2,863,680
Unrestricted Fund 317,754 25,837 343,591
: 3,179,029 28,242 3,207,271

ANALYSIS OF NET ASSETS BETWEEN FUNDS (COMPARATIVE)

Net
Current
Investments Assets Total
£ £ £
Permanent Endowment Fund 2,942,247 921 2,943,168
Unrestricted Fund 278,544 35,214 313,758
3,220,791 36,135 3,256,926

9 RELATED PARTY TRANSACTIONS

Grants were paid to the following trustee's and their relative's:

Trustee No of relatives Amount £

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i 3,400 (2024: Enil)
1 2,700 (2024: £nil)
2 3,445 (2024: Enil)
3 - (2024: £3,625)
1 1,100 (2024: £1,890)
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Expenses of £576 were paid to two trustees in the year for attendance at trustees meetings (2024: £300 paid to two trustees for attendance at trustees meetings).

No trustees, nor any persons connected with them, have received any remuneration from the Trust during the year.

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