| LEGAL & ADMINISTRATIVE INFORMATION |
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| Charity Name |
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The Camelia Trust |
| Charity Number |
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1081074 |
| Registered Address |
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Hillside, 9 Wainwright Road, Altrincham, Cheshire WA14 4BW |
| Governing Document |
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Declaration o f Trust dated 22 February 2000 |
| Charity Trustees' |
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Mrs Jennifer A Sykes, Dr Prudence JGillett and Michael Taxman |
| Advisers |
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Investment Managers and Stockbrokers: Blankstone Sington Limited |
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Walker House, Exchange Flags, Liverpool L2 3YL |
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Accountants and Tax Advisers: Alexander Myerson & Co Limited |
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61 Rodney Street, Liverpool L l 9ER |
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Independent Examiner: Paul Burns, Director at Alexander |
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Myerson & Co Limited |
| Restricted Activities |
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The Trustees powers are set out in Clause C o f the governing document. |
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They are empowered to raise funds, but may not undertake any |
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substantial trading activity. They may permit any investments |
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comprised in the Trust Fund to be held in the name o f a stock broking |
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company, which is amember o f the Stock Exchange, as nominee for |
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the trustees and to pay proper remuneration. |
| **NARRATIVE ** |
INFORMATION |
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| Aims |
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As Clause B o f the governing document indicates, the object o f the trust is |
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to make charitable donations to deserving causes. There are no |
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employees and there is no formal connection with any other charity. |
| Review o f Progress |
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During the year the Investment Managers maintained the portfolio. The |
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Trustees, again after considering many applications for assistance, made |
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further charitable distributions totalling £13,332. |
| Review o f Financial |
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As part o f a general review £166,252 o f investments were realised. |
| Activities & Affairs |
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The proceeds were reinvested, further diversifying the portfolio. |
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Cash reserves have increased from £3,621 to £17,769. |
| Trustees' Policies |
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During the year, the Trustees' policy continued to regard all income as |
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available for distribution to charities and treated capital as Reserves |
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available for investment. |
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Investments are managed at the discretion o f Blankstone Sington Limited, |
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subject to appropriate supervision by trustees, seeking to balance capital |
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growth with earning income, all involving only moderate risk. |
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The Trustees consider charitable requests as and when brought to their |
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attention. |
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Existing Trustees will appoint new Trustees as and when required. It |
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would be important to ensure that family and or descendants take a role as |
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Trustees. |
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The Trustees policy is to regard all income as available for distribution to |
| Reserves Policy |
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charities and in order to generate this income reserves o f £794,996 were |
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retained. |
| Public Benefit |
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The Trustees confirm that they have referred to Charity Commission |
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guidance on Public Benefit when reviewing plans for the future. The |
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trustees have and will continue to ensure that charitable expenditure will |
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be made to further a charitable purpose to the public benefit. |