| LEGAL & ADMINISTRATIVE INFORMATION |
|
|
| Charity Name |
|
The Camelia Trust |
| Charity Number |
|
1081074 |
| Registered Address |
|
Hillside, 9 Wainwright Road, Altrincham, Cheshire WA14 4BW |
| Governing Document |
|
Declaration o f Trust dated 22 February 2000 |
| Charity Trustees' |
|
Mrs Jennifer A Sykes, Dr Prudence JGillett, Michael Taxman, Catherine |
|
|
Sykes (appointed 15.11.2021), Thomas Sykes (appointed
15.11.2021) |
|
|
and Sarah Eden−Heyes (appointed 14.03.2022). |
| Advisers |
|
Investment Managers and Stockbrokers: Blankstone Sington Limited |
|
|
Walker House, Exchange Flags, Liverpool L2 3YL |
|
|
Accountants and Tax Advisers: Alexander Myerson & Co Limited |
|
|
61 Rodney Street, Liverpool LI 9ER |
|
|
Independent Examiner: Paul Burns, Director at Alexander |
|
|
Myerson & Co Limited |
| Restricted Activities |
|
The Trustees powers are set out in Clause C o f the governing document. |
|
|
They are empowered to raise funds, but may not undertake any |
|
|
substantial trading activity. They may permit any investments |
|
|
comprised in the Trust Fund to be held in the name o f a stock broking |
|
|
company, which is amember o f the Stock Exchange, as nominee for |
|
|
the trustees and to pay proper remuneration. |
| **NARRATIVE ** |
INFORMATION |
|
| Aims |
|
As Clause B o f the governing document indicates, the object o f the trust is |
|
|
to make charitable donations to deserving causes. There are no |
|
|
employees and there is no formal connection with any other charity. |
| Review o f Progress |
|
During the year the Investment Managers maintained the portfolio. The |
|
|
Trustees, again after considering many applications for assistance, made |
|
|
further charitable distributions totalling £10,500. |
| Review o f Financial |
|
As part o f a general review £141,602 o f investments were realised. |
| Activities & Affairs |
|
The proceeds were reinvested, further diversifying the portfolio. |
|
|
Cash reserves have decreased from £17,769 to £16,022. |
| Trustees' Policies |
|
During the year, the Trustees' policy continued to regard all income as |
|
|
available for distribution to charities and treated capital as Reserves |
|
|
available for investment. |
|
|
Investments are managed at the discretion o f Blankstone Sington Limited, |
|
|
subject to appropriate supervision by trustees, seeking to balance capital |
|
|
growth with earning income, all involving only moderate risk. |
|
|
The Trustees consider charitable requests as and when brought to their |
|
|
attention. |
|
|
Existing Trustees will appoint new Trustees as and when required. It |
|
|
would be important to ensure that family and or descendants take a role as |
|
|
Trustees. |
|
|
The Trustees policy is to regard all income as available for distribution to |
| Reserves Policy |
|
charities and in order to generate this income reserves o f £858,422 were |
|
|
retained. |
| Public Benefit |
|
The Trustees confirm that they have referred to Charity Commission |
|
|
guidance on Public Benefit when reviewing plans for the future. The |
|
|
trustees have and will continue to ensure that charitable expenditure will |
|
|
be made to further a charitable purpose to the public benefit. |