2023-03-31-accounts - Cameo

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REGISTERED CHARITY NUMBER: 1053528

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2023

for CAMEO

Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX

CAMEO

Contents of the Financial Statements for the Year Ended 31 March 2023

		Page
Reference and Administrative Details		1
Report of the Trustees	2	to	4
Independent Examiner's Report		5
Statement of Financial Activities		6
Balance Sheet		7
Notes to the Financial Statements	8	to	12
Detailed Statement of Financial Activities	13	to	14

CAMEO

Reference and Administrative Details for the Year Ended 31 March 2023

TRUSTEES	A Ceruso (resigned 31.3.23)
	D M Williams (resigned 6.7.22)
	B Dow (resigned 30.4.23)
	S L Hannah
	L Di Pietro
	S Frazao (appointed 7.3.23)
	T Bowrey (appointed 7.3.23)
	Q M Arsalan (appointed 7.3.23)
	R N Nicholls (appointed 1.10.22)
PRINCIPAL ADDRESS	26 Harpesford Avenue
	Virginia Water
	Surrey
	GU25 4RD
REGISTERED CHARITY	1053528
NUMBER
INDEPENDENT EXAMINER	Ark Accountancy
	Chartered Certified Accountant
	31 Cheam Road
	Epsom
	Surrey
	KT17 1QX
INTERNET ADDRESS	www.CAMEOdaycentres.org.uk
BANKERS	Metro Bank
	Barclays Bank
	Nationwide Building Society

Page 1

CAMEO

Report of the Trustees for the Year Ended 31 March 2023

The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To promote the welfare of elderly persons suffering from senile dementia and other forms of memory loss by the provision of advice in the care of such elderly persons and by the provision of respite care in the Borough of Spelthorne and beyond. We operate 5 days a week from St. Mary's Parish Hall in Lower Sunbury.

Our Mission

With our strong reputation and experienced team, CAMEO connects and cares for people as individuals. We provide stimulating activities for people impacted by dementia in a safe and engaging environment. We reduce social isolation and improve the wellbeing of families so people can live where they want to, for as long as they can.

We provide respite opportunities for primary carers to take care of their own mental and physical health.

Our Vision :

People with dementia, their families and friends continue to live in harmony in their local communities.

Our Goals :

Accessible - CAMEO will be accessible to all, and always there when needed. Leading - CAMEO is seen as a leader in the service and support it provides. Influential - CAMEO is influential in driving improvements in dementia care.

ACHIEVEMENT AND PERFORMANCE

Internal and external factors

Although the effects of COVID19 have reduced, we are still impacted as an organisation in two ways: 1. There are continuous waves of illness that impact our employees and clients, which has resulted in lower numbers of clients attending than we had expected during the year. The notice that a client cannot attend our centre is often only given on the day, which has led to occasions where the employee level has been higher than required without the revenue from the clients to help cover the costs. We experienced this challenge repeatedly during the year.

Since the pandemic and lockdown, people living with dementia and their carers, who are mostly in the vulnerable category, have struggled to get back to 'normal' and feel comfortable being in social environments. This has made reaching and encouraging potential new clients to seek help more difficult. This has made the challenge of increasing client numbers more difficult.

Despite these challenges we have been able to maintain a consistent level of clients, replaced clients we have lost due to increased care needs, and built a more flexible approach to managing employee levels.

FINANCIAL REVIEW

Financial position

This year direct income increased by 5% from £140,422 to £147,356. However, grants and donations reduced from £18,427 to £9,862 primarily due to a reduction in covid related government grants. Expenditure increased by 18% from £151,490 to £178,581, most of this increase being attributable to increased salary and room hire costs. Overall, the charity had a deficit of £20,894 (2022 surplus of £7,361).

Reserves policy

The reserves policy is considered annually as the trustees review the work of the charity and its future plans. The consensus of the trustees is for CAMEO to maintain sufficient financial reserves to protect the existing level of services and remain solvent for a period of 12 months, with a contingency of 15% added to this amount. This is to ensure sufficient funds are available in case of a prolonged period of the charity running at low capacity.

Page 2

CAMEO

Report of the Trustees for the Year Ended 31 March 2023

FINANCIAL REVIEW

Going concern

The financial statements of the charitable company have been prepared on an ongoing basis as the trustees have assessed the going concern position and have no reason to believe that there are any material uncertainties that would affect the ability of the charitable company to continue as a going concern for the foreseeable future.

Increases in costs of livings and inflation are a material uncertainty, resulting in an increase in rent, salary, and food preparation costs. However, the trustees do not find sufficient evidence to believe this will cause insolvency, particularly given the current level of CAMEO's reserves.

The trustees have carefully considered this, both in the short and longer term, by running and reviewing cashflow forecasts and putting in place a solid governance framework to approve any further investments or changes in the operational costs.

FUTURE PLANS

CAMEO's future plans will focus on

Increasing the charity's accessibility, with greater diversity and inclusion, improved services and enhanced digital communication.
Strengthening the governance framework using independent advisors and a wide range of expertise from new trustees and volunteers.
Sustaining operational excellence through staff training and more efficient ways of working.
Improving facilities.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. CAMEO policy and procedures are assessed and reviewed on an annual basis to ensure alignment with emerging law and regulation.

Policy for Trustee recruitment

CAMEO follows a formal recruitment process:

CAMEO always advertises Trustee vacancies on multiple external job boards.
Candidates are shortlisted based on relevant skills and experience.
In the interest of Diversity and Inclusion we promote this vacancy and encourage applications from

underrepresented groups and advertise via the Young Trustee Movement.

Shortlisted candidates will have a short screening call. Any candidates that reach the final stage interview will be interviewed by two trustees and the Charity Manager.
Any trustee appointment must be agreed by the CAMEO Board of Trustees.
All trustees must attend Trustee training via a recognised and certified Trustee training provider.

Trustees

Barry Dow, Simon Hannah, Adriana Ceruso, Lauren Di Pietro, Shaun Frazao, Thomas Bowrey, Qazi Arsalan and Rudi Nicholls.

Staff

Annette Pointon (Manager), Julia (Fitzpatrick) Hayes (Deputy Manager), Cheryl Bruce (Deputy Manager), Julia Ash, Maria Santos Dieguez, Karen Cole, Natalie Wiltshire, Yolande Gauthier-Thornton, Janice Thornton, Sue Hewson, Diane Odysseos, Pat White.

Volunteers

Sylvia Pilgrim, David Richens, Shirley Constable, Diane McNeil, Graham Bruce, Debbie Giles, Mark Hewson, Barbara Nunn, Sylvia Aspden, Linda Keats.

Risk management

The trustees have examined the operational and business risks which the charity faces and confirm that they are satisfied that systems and controls are established to mitigate any significant risks. CAMEO has regular reviews of the governance framework to ensure the risks are understood and monitoring and controls remain appropriate.

Page 3

CAMEO

Report of the Trustees for the Year Ended 31 March 2023

Approved by order of the board of trustees on 12 January 2024 and signed on its behalf by:

S L Hannah - Trustee

Page 4

Independent Examiner's Report to the Trustees of CAMEO

Independent examiner's report to the trustees of CAMEO

I report to the charity trustees on my examination of the accounts of CAMEO (the Trust) for the year ended 31 March 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mary E Ryan

Ark Accountancy Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX

15 January 2024

Page 5

CAMEO

Statement of Financial Activities for the Year Ended 31 March 2023

Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,277 Charitable activities Care of people with dementia 147,356 Investment income 2 469 Total 151,102 EXPENDITURE ON Charitable activities Care of people with dementia 173,581 NET INCOME/(EXPENDITURE) (22,479) RECONCILIATION OF FUNDS Total funds brought forward 218,147 TOTAL FUNDS CARRIED FORWARD 195,668	Restricted funds £ 6,585 - - 6,585 5,000 1,585 - 1,585	31.3.23 Total funds £ 9,862 147,356 469 157,687 178,581 (20,894) 218,147 197,253	31.3.22 Total funds £ 18,427 140,422 2
			158,851
			151,490
			7,361 210,786
			218,147

The notes form part of these financial statements

Page 6

CAMEO

Balance Sheet 31 March 2023

Unrestricted fund Notes £ FIXED ASSETS Intangible assets 6 8,550 Tangible assets 7 1,292 9,842 CURRENT ASSETS Debtors 8 21,620 Cash at bank and in hand 165,241 186,861 CREDITORS Amounts falling due within one year 9 (1,035) NET CURRENT ASSETS 185,826 TOTAL ASSETS LESS CURRENT LIABILITIES 195,668 NET ASSETS 195,668 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted funds £ - - - - 1,585 1,585 - 1,585 1,585 1,585	31.3.23 Total funds £ 8,550 1,292 9,842 21,620 166,826 188,446 (1,035) 187,411 197,253 197,253 195,668 1,585 197,253	31.3.22 Total funds £ 4,275 1,682 5,957 17,185 200,160 217,345 (5,155) 212,190 218,147 218,147 218,147 - 218,147

The financial statements were approved by the Board of Trustees and authorised for issue on 12 January 2024 and were signed on its behalf by:

S L Hannah - Trustee

The notes form part of these financial statements

Page 7

CAMEO

Notes to the Financial Statements for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant equipment - over 6 years straight line Computer equipment - over 4 years straight line

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 8

CAMEO

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

2. INVESTMENT INCOME

Deposit account interest

31.3.23	31.3.22
£	£
469	2

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

Expenses of £526 (2022 £716) were reimbursed to 2 trustees

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

	31.3.23	31.3.22
Direct staff	12	10

No employees received emoluments in excess of £60,000.

The charity has a defined contribution pension scheme, which all employees are entitled to join. In accordance with UK Government regulations, the company contributes 3% of salary and employees 5% of their salary. During the year ended 31 March 2023 the charity's total contributions amounted to £1,478 (2022 £1,965)

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 10,399 Charitable activities Care of people with dementia 140,422 Investment income 2 Total 150,823 EXPENDITURE ON Charitable activities Care of people with dementia 143,462 NET INCOME 7,361 RECONCILIATION OF FUNDS Total funds brought forward 210,786 TOTAL FUNDS CARRIED FORWARD 218,147	Restricted funds £ 8,028 - - 8,028 8,028 - - -	Total funds £ 18,427 140,422 2
		158,851
		151,490
		7,361 210,786
		218,147

continued...

Page 9

CAMEO

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

6. INTANGIBLE FIXED ASSETS

INTANGIBLE FIXED ASSETS
					Website
					design
					costs
					£
COST
At 1 April 2022					5,700
Additions					5,700
At 31 March 2023					11,400
AMORTISATION
At 1 April 2022					1,425
Charge for year					1,425
At 31 March 2023					2,850
NET BOOK VALUE
At 31 March 2023					8,550
At 31 March 2022					4,275
TANGIBLE FIXED ASSETS
	Plant and		Computer
	machinery		equipment		Totals
	£		£		£
COST
At 1 April 2022	1,822		1,391		3,213
Additions		-		284	284
At 31 March 2023	1,822		1,675		3,497
DEPRECIATION
At 1 April 2022		927		604	1,531
Charge for year		200		474	674
At 31 March 2023	1,127		1,078		2,205
NET BOOK VALUE
At 31 March 2023		695		597	1,292
At 31 March 2022		895		787	1,682

7. TANGIBLE FIXED ASSETS

continued...

Page 10

CAMEO

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Taxation and social security
Other creditors
10.
MOVEMENT IN FUNDS
At 1.4.22
£
Unrestricted funds
General fund
218,147
Restricted funds
Giving Force Foundation - toilet upgrade
-
Miki Bonavotona - toilet upgrade
-
Lynn Derrington - toilet upgrade
-
-
TOTAL FUNDS
218,147
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
151,102
Restricted funds
Giving Force Foundation - toilet upgrade
885
Miki Bonavotona - toilet upgrade
500
Lynn Derrington - toilet upgrade
200
Community Foundation - poverty grant
5,000
6,585
TOTAL FUNDS
157,687

31.3.23
31.3.22
£
£
21,620
17,185
31.3.23
31.3.22
£
£
-
4,225
1,035
930
1,035
5,155
Net
movement
At
in funds
31.3.23
£
£
(22,479)
195,668
885
885
500
500
200
200
1,585
1,585
(20,894)
197,253
Resources
Movement
expended
in funds
£
£
(173,581)
(22,479)
-
885
-
500
-
200
(5,000)
-
(5,000)
1,585
(178,581)
(20,894)

continued...

Page 11

CAMEO

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

10. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.21 £ Unrestricted funds General fund 210,786 TOTAL FUNDS 210,786 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 150,823 Restricted funds CFS grant 6,000 Surrey County Council 1,564 ICF5 covid 303 RTF4 covid 161 8,028 TOTAL FUNDS 158,851	Net movement At in funds 31.3.22 £ £ 7,361 218,147 7,361 218,147 Resources Movement expended in funds £ £ (143,462) 7,361 (6,000) - (1,564) - (303) - (161) - (8,028) - (151,490) 7,361

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

Page 12

CAMEO

Detailed Statement of Financial Activities for the Year Ended 31 March 2023

Detailed Statement of Financial Activities for the Year Ended 31 March 2023
	31.3.23	31.3.22
	£	£
INCOME AND ENDOWMENTS
Donations and legacies
Donations	3,277	4,208
Grants	6,585	14,219
	9,862	18,427
Investment income
Deposit account interest	469	2
Charitable activities
Direct income	144,651	125,527
Lunches/transport	2,705	14,895
	147,356	140,422
Total incoming resources	157,687	158,851
EXPENDITURE
Charitable activities
Wages	121,702	104,777
Social security	2,190	2,033
Pensions	1,478	1,965
Sundries	-	272
Room hire	29,820	21,854
Activities	5,528	2,600
Craft materials	95	35
Refreshments	651	181
Lunches	4,365	5,090
Equipment	612	454
	166,441	139,261
Support costs
Management
Insurance	361	300
Telephone	205	367
Postage and stationery	803	726
Advertising	1,260	56
Sundries	1,947	1,786
Training	83	108
Plant & machinery depreciation	200	392
	4,859	3,735
Information technology
Website & software	175	612
Carried forward	175	612

This page does not form part of the statutory financial statements

Page 13

CAMEO

Detailed Statement of Financial Activities for the Year Ended 31 March 2023

Detailed Statement of Financial Activities for the Year Ended 31 March 2023
	31.3.23	31.3.22
	£	£
Information technology
Brought forward	175	612
Amortisation of website costs	1,425	1,425
Computer equipment	474	293
	2,074	2,330
Human resources
Health & safety	301	740
Governance costs
Accountancy and legal fees	3,780	3,671
Independent examiner fee	600	600
Trustee training	-	437
Trustee travel	489	585
Trustee miscellaneous	37	131
	4,906	5,424
Total resources expended	178,581	151,490
Net (expenditure)/income	(20,894)	7,361

This page does not form part of the statutory financial statements

Page 14