REGISTERED CHARITY NUMBER: 1053528
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for CAMEO
Ark Accountancy Limited Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
CAMEO
Contents of the Financial Statements for the Year Ended 31 March 2024
| 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 2024
| TRUSTEES | B Dow (resigned 30.4.23) |
|---|---|
| S L Hannah Chair | |
| L Di Pietro | |
| S Frazao | |
| T Bowrey | |
| Q M Arsalan | |
| R N Nicholls | |
| PRINCIPAL ADDRESS | 26 Harpesford Avenue |
| Virginia Water | |
| Surrey | |
| GU25 4RD | |
| REGISTERED CHARITY | 1053528 |
| NUMBER | |
| INDEPENDENT EXAMINER | Ark Accountancy Limited |
| Chartered Certified Accountant | |
| 31 Cheam Road | |
| Epsom | |
| Surrey | |
| KT17 1QX | |
| INTERNET ADDRESS | www.CAMEOdaycentres.org.uk |
| BANKERS | Metro Bank |
| Barclays Bank |
Page 1
CAMEO
Report of the Trustees for the Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 persons living with dementia and other forms of confusional states, and with our strong reputation and experienced team, connect and care 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 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
Since the global pandemic, CAMEO is still impacted as an organisation in two ways:
-
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 and have now added a late cancellation fee for clients where they pay 50% of the full daily charge if they cancel with late notice.
-
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 build our level of clients through a quality website and being active on social media channels, this has enabled us to replace clients we have lost due to increased care needs, and we have also built a more flexible approach to managing employee levels to keep costs in line with revenue.
FINANCIAL REVIEW
Financial position
This year direct income increased by 12% from £147,356 to £182,763. Grants and donations increased from £9,862 to £16,810. Expenditure increased by 11% from £178,581 to £202,976, most of this increase being attributable to increased salary and room hire costs. Overall, the charity had a deficit of £3,778 ((2023 deficit of £20,894).
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 2024
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 living 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
Simon Hannah, Lauren Di Pietro, Shaun Frazao, Thomas Bowrey, Qazi Arsalan and Rudi Nicholls.
Staff
Annette Pointon (Manager), Julia Hayes (Supervisor), Cheryl Bruce (Supervisor), Julia Ash, Maria Santos Dieguez, Karen Cole, Natalie Wiltshire, Janice Thornton, Sue Hewson, Diane Odysseos, Pat White.
Volunteers
David Richens, Graham Bruce, Shirley Constable, Diane McNeil, Debbie Giles, Mark Hewson, Sylvia Aspen, Linda Keats, Barbara Nunn, Beth Sines.
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 2024
Approved by order of the board of trustees on 23 January 2025 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 2024.
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 Limited Chartered Certified Accountant 31 Cheam Road Epsom Surrey KT17 1QX
27 January 2025
Page 5
CAMEO
Statement of Financial Activities for the Year Ended 31 March 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,810 Charitable activities Care of people with dementia 182,763 Investment income 2 25 Total 186,598 EXPENDITURE ON Charitable activities Care of people with dementia 198,391 NET INCOME/(EXPENDITURE) (11,793) RECONCILIATION OF FUNDS Total funds brought forward 195,668 TOTAL FUNDS CARRIED FORWARD 183,875 |
Restricted funds £ 13,000 - - 13,000 4,585 8,415 1,585 10,000 |
31.3.24 Total funds £ 16,810 182,763 25 199,598 202,976 (3,378) 197,253 193,875 |
31.3.23 Total funds £ 9,862 147,356 469 157,687 178,581 (20,894) 218,147 197,253 |
|---|---|---|---|
The notes form part of these financial statements
Page 6
CAMEO
Balance Sheet 31 March 2024
| Unrestricted fund Notes £ FIXED ASSETS Intangible assets 6 5,700 Tangible assets 7 829 6,529 CURRENT ASSETS Debtors 8 24,862 Cash at bank and in hand 158,839 183,701 CREDITORS Amounts falling due within one year 9 (6,355) NET CURRENT ASSETS 177,346 TOTAL ASSETS LESS CURRENT LIABILITIES 183,875 NET ASSETS 183,875 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ - - - - 10,000 10,000 - 10,000 10,000 10,000 |
31.3.24 Total funds £ 5,700 829 6,529 24,862 168,839 193,701 (6,355) 187,346 193,875 193,875 183,875 10,000 193,875 |
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 |
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 23 January 2025 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 2024
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 2024
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| Deposit account interest | 25 | 469 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
Expenses of £526 (2023 £716) were reimbursed to 2 trustees
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.3.24 | 31.3.23 | |
|---|---|---|
| Direct staff | 11 | 12 |
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 2024 the charity's total contributions amounted to £2,041 (2023 £1,478).
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,277 Charitable activities Care of people with dementia 147,356 Investment income 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 |
Total funds £ 9,862 147,356 469 157,687 178,581 (20,894) 218,147 197,253 |
|---|---|---|
continued...
Page 9
CAMEO
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
6. INTANGIBLE FIXED ASSETS
| 6. | INTANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|---|
| Website | ||||||
| design | ||||||
| costs | ||||||
| £ | ||||||
| COST | ||||||
| At 1 April 2023 and 31 March 2024 | 11,400 | |||||
| AMORTISATION | ||||||
| At 1 April 2023 | 2,850 | |||||
| Charge for year | 2,850 | |||||
| At 31 March 2024 | 5,700 | |||||
| NET BOOK VALUE | ||||||
| At 31 March 2024 | 5,700 | |||||
| At 31 March 2023 | 8,550 | |||||
| 7. | TANGIBLE FIXED ASSETS | |||||
| Plant and | Computer | |||||
| machinery | equipment | Totals | ||||
| £ | £ | £ | ||||
| COST | ||||||
| At 1 April 2023 and 31 March 2024 | 1,822 | 1,675 | 3,497 | |||
| DEPRECIATION | ||||||
| At 1 April 2023 | 1,127 | 1,078 | 2,205 | |||
| Charge for year | 200 | 263 | 463 | |||
| At 31 March 2024 | 1,327 | 1,341 | 2,668 | |||
| NET BOOK VALUE | ||||||
| At 31 March 2024 | 495 | 334 | 829 | |||
| At 31 March 2023 | 695 | 597 | 1,292 | |||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 31.3.24 | 31.3.23 | |||||
| £ | £ | |||||
| Trade debtors | 24,862 | 21,620 |
continued...
Page 10
CAMEO
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Taxation and social security Other creditors 10. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Surrey County Council Giving Force Foundation - toilet upgrade Miki Bonavotona - toilet upgrade Lynn Derrington - toilet upgrade TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Surrey County Council Giving Force Foundation - toilet upgrade Miki Bonavotona - toilet upgrade Lynn Derrington - toilet upgrade The Utley Family Charitable Trust Voluntary Support North Surrey TOTAL FUNDS |
At 1.4.23 £ 195,668 - 885 500 200 1,585 197,253 Incoming resources £ 186,598 10,000 - - - 1,000 2,000 13,000 199,598 |
31.3.24 31.3.23 £ £ 2,995 - 3,360 1,035 6,355 1,035 Net movement At in funds 31.3.24 £ £ (11,793) 183,875 10,000 10,000 (885) - (500) - (200) - 8,415 10,000 (3,378) 193,875 Resources Movement expended in funds £ £ (198,391) (11,793) - 10,000 (885) (885) (500) (500) (200) (200) (1,000) - (2,000) - (4,585) 8,415 (202,976) (3,378) |
|---|---|---|
continued...
Page 11
CAMEO
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
10. MOVEMENT IN FUNDS - continued
Comparatives for 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 Comparative 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 |
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) |
|---|---|
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 12
CAMEO
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| Detailed Statement of Financial Activities for the Year Ended 31 March 2024 |
||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 3,810 | 3,277 |
| Grants | 13,000 | 6,585 |
| 16,810 | 9,862 | |
| Investment income | ||
| Deposit account interest | 25 | 469 |
| Charitable activities | ||
| Direct income | 182,070 | 144,651 |
| Lunches/transport | 693 | 2,705 |
| 182,763 | 147,356 | |
| Total incoming resources | 199,598 | 157,687 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 134,119 | 121,702 |
| Social security | 2,995 | 2,190 |
| Pensions | 2,041 | 1,478 |
| Room hire | 35,178 | 29,820 |
| Activities | 5,279 | 5,528 |
| Craft materials | - | 95 |
| Refreshments | 410 | 651 |
| Lunches | 4,611 | 4,365 |
| Equipment | - | 612 |
| 184,633 | 166,441 | |
| Support costs | ||
| Management | ||
| Insurance | 393 | 361 |
| Telephone | 196 | 205 |
| Postage and stationery | 17 | 803 |
| Advertising | 1,363 | 1,260 |
| Sundries | 3,012 | 1,947 |
| Training | 104 | 83 |
| Plant & machinery depreciation | 200 | 200 |
| 5,285 | 4,859 | |
| Information technology | ||
| Repairs and renewals | 4,161 | - |
| Website & software | 180 | 175 |
| Carried forward | 4,341 | 175 |
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 2024
| Detailed Statement of Financial Activities for the Year Ended 31 March 2024 |
||
|---|---|---|
| 31.3.24 | 31.3.23 | |
| £ | £ | |
| Information technology | ||
| Brought forward | 4,341 | 175 |
| Amortisation of website costs | 2,850 | 1,425 |
| Computer equipment | 263 | 474 |
| 7,454 | 2,074 | |
| Human resources | ||
| Health & safety | - | 301 |
| Governance costs | ||
| Accountancy and legal fees | 4,503 | 3,780 |
| Independent examiner fee | 720 | 600 |
| Trustee travel | 381 | 489 |
| Trustee miscellaneous | - | 37 |
| 5,604 | 4,906 | |
| Total resources expended | 202,976 | 178,581 |
| Net expenditure | (3,378) | (20,894) |
This page does not form part of the statutory financial statements
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