Strategic report
Achievement and performance Balance sheet Tangible assets have decreased by £2.7m to £81.1m due to an impairment of £2.8m, the depreciation charge in the year of £1.8m was offset by £2.4m capital additions. The major additions in the year included property refurbishments of £1.4m and investment within plant and machinery and fixtures and fittings of £1.0m. Investments have increased by £3.5m from £14.4m in 2020 to £17.9m for the year, as a result of recovery of investment markets. This includes £0.5m of cash reinvestment.
Key performance indicators The Board uses the annual budgets as its key method of monitoring financial performance, and the key outcomes are outlined in the financial review and earlier in this report. Key performance indicators have been developed, (KPIs), which are specifically monitored and scrutinised by the Audit and Finance Committee and the Board.
Energy and carbon reporting The UK Government’s Streamlined Energy and Carbon Reporting (SECR) policy was implemented on 1 April 2019, when the Companies (Directors’ Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations 2018 came into force. Camphill Village Trust meet SECR qualification criteria in the UK.
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The reporting period for the compliance is 1st April 2020 - 31st March 2021. Included within that are Scope 1 & 2 emissions. The GHG Protocol Corporate Accounting & Reporting Standard and UK Government’s GHG Conversion Factors for Company Reporting have been used as part of carbon emissions calculation. The footprint is calculated in accordance with the Greenhouse Gas (GHG) Protocol and Environmental Reporting Guideline, including streamlined energy and carbon reporting guidance. Activity data has been converted into carbon emissions using published emissions factors. The results show that Camphill Village Trust total energy use and total gross Green House Gas (GHG) emissions amounted to 4,234,290 kWh (4,536,470 kWh 2019/20) and 909 tonnes of CO2 emissions (1,025 2019/20) respectively in the 2020/21 financial year in the UK. From April 2020 to March 2021 the Intensity Ratio was 2.7 and it has been calculated that the ratio on 2020-21 was 9% lower than that in the same period in 2019-20. In line with identified key performance indicators, a programme of energy efficient measures designed to reduce energy consumption and improve energy efficiency has begun. These actions include, but not are not limited to, a range of efficiency measures including LED strategy to be reviewed and carry out a full lighting upgrade, energy policy and general energy management and reviewing lagging in boiler areas.
The Camphill Village Trust Annual Report 2020/21
