Registered Charity: 1085654
M J Camp Charltable Foundation
Annual Report and Consolidated Financial Statements
th
for the year ended 30 September 2024
Compass Accountants Llmited
Venture House
The Tanneries
East Street
Titchfield
Hampshire
P014 4AR

M J CAMP CHARITABLE FOUNDATION
Contents
Page
Reference and administrative details
Report of the Trustees
Statement of Trustees, Responsibilities
Independent Auditor's Report
Consolidated Statement of Financlal Activities
10
Consolidated Balance sheet
li
Consolidated Cash flow statement
12
Notes to the financial statements
13-19

M J CAMP CHARITABLE FOUNDATION
Trustees, Report for the year ended 30th September 2024
Reference and administrative details
Trustees
Ms Ann Rogers
Mr Richard Weekes
Mr Chris Driscoll
M5 Helen Spinner (appointed 4 September 2024)
Secretary
Mr Richard Weekes
Charlty Registration Number
1085654
Principal office
Lower Tye Farm
Copse Lane
Hayling Island
Hampshire
POII ORQ
Auditor
Compass Accountants Limited
Venture House
The Tanneries
East Street
Titchfield
Hampshire
P014 4AR
Bankers
Coutts & Co
440 Strand
London
WC2R OQS
Page I

M J CAMP CHARITABLE FOUNDATION
Trustees. Report for the year ended 30th September 2024
The trustees present the annual report tojether with the financial statements and auditors, report of the charity for the
year ended 30th September 2024.
Background of the charity
The foundation was established by trust deed on 21st December 2000 with the intention of providing a structure to
fomialise the altruistic activities of its principal founder, Michael lames Camp. Following the death of Mr Camp in
February 2013, the foundation re￿iVed by way of a legacy the whole of the i55ued share capital of St Hermans Estate
Co Limited C'The Company,?, a company which had been wholly owned by Mr Camp.
Objectlves and activities
The Objects of the foundation are..
a) To promote for the benefit of the public the recording, study and protettion of places and objects of natural
beauty or of ornithological, botanical, silvicultural, geological, zoological, archaeological, historical or
scientific interest in the United Kingdom and in Hayling Island in particular and to advan￿ public education
in the conservation of such places and objects.
b) To promote, encourage and assist the restoration to goc(l and navigable order and the maintenance and
improvement of canals and other inland watetways of the United Kingdom for the public benefit and to
educate the public about inland wateways, their history, construction, use, development and operation,.
c) To relieve the suffering of horses, ponies and donkeys which are unwanted, sick or negletted or are in need
of care as a result of cruelty or ill-treatment and to support (financially or othe￿iSe) the establishment or
rna1ntenan￿ of rescue homes or sanctuaries for the care and rehabilitation of such animals;
d) To advance the education of the public by promoting interest in and appreciation of and preserving for public
benefit historic vehicles and in particular steam trains, and all equipment, buildings and other items of
general transport or historic interest which may have b￿n used In connettion with such vehicles.
e) To estsblish or support community transport schemes for the tenefit of the Inhabitants of l¢xal communities
in the United Kingdom.
Such other charitsble purposes as the trustees may from time to time in their discretion decide.
Publ￿benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have
due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Objectives, aims and strategies
The foundation's aims are to comply with the objects of the charity as described above by making grants to suitsble
charities in accordan￿ with the interests of its founding principal Michael James Camp.
It is the opinion of the trustees that the achievement of the foundation's aims by making grants will fulfil Its legal
obligations as contained in the trust deed.
The foundation's strategies for achieving its stated aims and objectives are to identify suitsble charitable organisations
to support, partly by selettion from applications received by the foundation and partly as a result of research carried
out by the trustees to identify suitable recipients for grants.
The trust*5 assess success during the reporting period by assessing the ratio of grants made to income received from
the company. During the year ended 30th September 2024 the ratio was 102 % (2023., 111.5 % ) and the trustees
anticipate that this ratio is likely to be similar in the year ending 30th September 2025, although expected income is
likely to lower.
Page 2

M J CAMP CHARITABLE FOUNDATION
Trustees. Report for the year ended 30th September 2024
The main activities of the foundation during the year were grants made to a variety of charitable organisation5 in
keeping with the objects of the foundation (see LElow for a schedule of grants made).
Activities and performance
The overall expenditure of grants was £662,805, which was a small decrea* compared with the previous yearfs
expenditure of £691,000, due to the reSoUr￿S provided by the company and historical reserve5.
Grants made for the year ended 30th September 2024 were as follows:
Hampshire & IOW Air Ambulance
The Wey & Arun Canal Trust
Rowans Hospice
RNLI
The Swanage Railway Trust
South Downs National Park Trust
The Brooke
Bumblebee COnse￿ation Trust
SPANA
Safe Haven for Donkeys in the Holy Land
People4ponies
Surfers Against Sewage
Brent Lodge Wildlife Hospita I
Isle of Wight Donkey Sanctuary
Farplace Animal Reserve
Ability Dog5 4 Young People
The Donkey Sanctuary
Redwings Horse Sanctuary
World Horse Welfare
Oak Tree Animals, Charity
Moorland Mousie Trust
The Horse Trust
Worldwide Veterinary Service
Marine Conservation Society
Montgomery Waterway Restoration Trust
International Otter Survival Fund
Clean Rivers Trust
Mr M Massey re Thursday Club
Animals in Need
Bristol Animal Rescue Centre
Mare & Foal Sanctuary
Thornberry Animal Sanctuary
Warwickshire Hedgehog Rescue
Chesterfield Canal Trust
Cotswold Canal Trust
Meath Epilepsy Cha rity
National Railway Museum
Forest of Avon Trust - p/y cheque not cleared
250,000
210,000
loo,000
30,000
10,000
5,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
2,000
1,805
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
-2,000
662,805
The trustees consider that each of these grants to charities were made in accordance with the aim5 and objettives of
the foundation and were demonstrably for public benefit.
No fundraising was carried out by the foundation during the year, as it is wholly funded by the company.
Page 3

M J CAMP CHARITABLE FOUNDATION
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Trustees. Report for the year ended 30 September 2024
The foundation is continuing to receive a much higher proportion of appropriate applications from suitable charitable
organisations during the year. The trustees consider it only a minor negative factor that there are still a number of
wholly unsuitable applications for funding being received.
Financial review
th
During the year ended 30 September 2024 the foundation received a payment under gift aid of £650,000 (2023:
£620,000) from the company. The foundation also had a bank balance at 30th September 2024 of £102,105 (2023:
£115,428), giving totsl free reseNes (after deducting creditors) of £98,305 (2023: £111,628).
Totsl group funds at 30th September 2024 were £17,402,271 (2023: £17,056,195).
The company's main asset is land and buildings on Hayling Island, owned in connection with its business of the
operation of residential and holiday static caravan parks. Since the date of acquisition of the share capital, the company
has continued to be managed by its board of d1￿ctorS, with the objertive of running at a sufficient profit to enable the
foundation to fulfil its charitable objetts satisfattorily.
The trustees do not consider that there are any significant financial risks or uncertainties facing the foundation. The
trading perf0mlan￿ of the company is strong and should remain so for the foreseeable future.
Reserves policy
The foundation has not at present adopted any specific overall ￿serveS policy, but the trustees are actively considering
what form this poliq might tske in future years.
The policg in respert of the company is for the company to hold sufficient working capitsl to enable day to day
operations to continue and sufficient reserves to allow for the possible acquisition of further land for expansion of the
caravan parks business.
Plans for future perlods
The trustees intend that the foundation will continue its operations of identifying and making grants to charities which
are in a￿OrdanCe with the foundation's objects and will also provide public benefit,
In order to carry out this plan more effectively the trustees would welcome applications for funding from any charities
which m￿t or are likely to meet the objects contained in this report,
structurei governance and management
The governing document of the foundation is the trust deed dated 21st December 2000. According to the deed, there
must be at least ￿0 and not more than six trustees. Following the death of Michael James Camp in February 2013
and in accordan￿ with the provision5 of the trust deed, a new or additional trustee is now appointed by a resolution
of the truSt￿S.
The company has a management team comprising the managing director, the technical director, the company secretary
and the office manager.
The trustees normally aim to convene one main meeting per year, with supplementary meeting5 as and when required,
in order to review grant applications and make decision5 as to which charities to support. Day to day management of
the foundation is the responsibility of the trustees.
None of the trustees re￿1Ve any remuneration in respect of their activities on behalf of the foundation, although two
of the trUSt￿S receive remuneration from the company in respect of their roles within the company.
Page 4

M J CAMP CHARITABLE FOUNDATION
Trustees, Report for the year ended 30th September 2024
Financial instruments
Obi&*ves andpoliaes
The group's activities expose it to a number of financial risks, including credit risk, cash flow risk and liquidity risk. The
use of financial derivatives is governed by the group s policies approved by the board of trustees, which provide written
principle5 on the use of financial derivatives to manage these risks. The group does not use derivative financial
instruments for speculative purposes.
Credit risk
The group'5 principal financial assets are bank balances and cash, trade and other receivables, and investments. The
group's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net
of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event
which, based on previous experien￿, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with
high credit-ratings assigned by international credit-rating agencies.
The group has no significant contrntration of credtt risk, with exposure spread over a large number of counterparties
and customers.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future
developments, the group uses a mixture of long-term and short-term debt finan￿.
Disclosure of Informatlon to auditor
Each trust￿ has taken steps that they ought to have taken as trustee in order to make themselves aware of any
relevant audit information and to establish that the charity's auditor is awaE of that information. The trustees confirm
that there is no relevant information that they know of and of which they know the auditor is unaware.
The annual report was approved by the trustees of the charity and signed on its behalf by:
Mr Richard Weekes
Twstee
Date: q'IL.loL*
Page 5

M J CAMP CHARITABLE FOUNDATION
th
Statement of trustees. responsibilities for the year ended 30 September 2024
The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
Charity law requires the Trustees to prepare financial statements for each financial year, which give a true
and fair view of the state of affairs of the charity and of the incoming resources and application of resources,
including the income and expenditure, of the charity for that period, In preparing these financial statements,
the Trustees are required to:
select suitable accounting policies and then apply them conslstently,,
observe the methods and principles in the Charities SORP FRS 102 (2019);
make judgements and estimates that are reasonable and prudent,.
state whether applicable UK Accounting Standards have been followed, subjert to any material
departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it Is inappropriate to presume
that the charitable company will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensure that the financial statements comply
with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the
trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
Mr Richard Weekes
Trust
Date..
Page 6

M J CAMP CHARITABLE FOUNDATION
Independent Auditor's Report to the Trustees of M J Camp Charitable Foundation
Opinion
We have audited the financial statements of M J Camp Charitable Foundation (the 'parent charity,) and its
subsidiary (the 'group') for the year ended 30th September 2024 which comprise the Statement of Financial
Attivity, the Balance Sheet, the cash flow statement and notes to the financial statements, including significant
accounting policies. The financial reporting framework that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial
Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted
Accounting Practice).
In our opinion the financial ststements:
give a true and fair view of the state of the group's and parent charity's affairs as at 30th September 2024,
and of the group's incoming resources and application of resource5, including its income and expenditure
for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those Standards are further described in the Auditor's responsibilities
for the audit of the financial statements section of our report. We are independent of the charity in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basi5 for our opinion.
Conclusions relatlng to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the ftnancial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable group or parent
charity's ability to continue as a going concern for a period of at least tmelve months from when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respert to going concern are described in the
relevant sections of this report.
other information
The other information comprises the information Included in the trustees annual report, other than the financial
statement5 and our auditor's report thereon. The trustees are responsible for the other information contained
within the annual report. Our opinion on the financial statements does not cover the other information and,
except to the extent otherwise explicitly stated in our report, we do not express any form of assurance
conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is
materially incon515tent with the financial statements or our knowledge obtained in the audit or othe￿ise
appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether there is a material misstatement in the financial
statements or a material mi5Statement of the other information. If, based on the work we have performed,
we conclude that there is a material misstatement of this other information, we are required to report that
fact.
We have nothing to report in this regard.
Page 7

M J CAMP CHARITABLE FOUNDATION
Independent Auditor's Report to the Trustees of M J Camp Charitable Foundation
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Report5) Regulations 2008 require us to report to you if, in our opinion:
the information given in the financial statements is inconsistent in any material respect with the trustees,
report; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records; or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement [5et out on page 7], the trustees are
responsible for the preparation of financial statements which give a true and fair view, and for such internal
control as the trustees determine is necessary to enable the preparation of financial statements that are free
from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the group and parent's ability
to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the group or the parent charity or to
cease operations, or have no realistic alternative but to do so,
Audltor's responsibilities for the audit of the financial statements
We have been appointed as auditor under settion 151 of the Charities Att 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
frorn material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, but Is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detert a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud.
The specific procedures for this engagement and the extent to which these are capable of detecting
irregularities, including fraud is detailed below:
We gained an understanding of the legal and regulatory framework applicable to the charity and the
sertor in which it operates through discussions with management, sector research, and the application
of relevant audit knowledge and experience
We made enquiries of management around actual and potential litigation and claims
We made enquiries of management and relevant staff, and designed our audit procedures, including
reviewing financial Statement disclosures and testing of supporting documentation, to assess compliance
with applicable laws and regulations. We focussed on laws and regulations which could give rise to
material misstatement in the financial statements includingi but not limited to, the Charities Act 2011, the
Charities SORP, and the Financial Reporting Standard 102.
We identified the risk of material mi55tatement of the financial statements due to fraud and designed
audit procedure5 to respond to the risk. We performed audit procedures designed to address the risk of
fraud arising from management override of controls, including, but not limited to, testing of journal entries
and other adjustments, reviewing accounting estimates for evidence of bias, and evaluating the business
rationale of significant transattions outside the normal course of business
Page 8

M J CAMP CHARITABLE FOUNDATION
Independent Auditor's Report to the Trustees of M J Camp Charitable Foundation
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstatement in the financial statements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, a5 we will be less likely to become aware of instances of non-compliance.
The risk 15 also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omi55ion or misrepresentation.
A further description of our responsibilities for the audit of the financial ststements is located on the Financial
Reporting Council's website at.. www.frc.org.uk/auditorsresponsibilities. This description forms part of our
auditor's report.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance wlth Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the
charity's trustees those matters we are required to state to them in an auditor'5 report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other
than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we
have for
mpass
hartere
countants Limited,
Accountants and Statutory Auditor
Venture House, The Tanneries
East street, Titchfield
Hampshire, P014 4AR
Compass Accountants L/mited is eligible to att as an auditor in terms of section 1212 of the Companies Att
2006.
Page 9

M J CAMP CHARITABLE FOUNDATION
Consolidated Statement of financial activities (incorporating the income and expenditure account)
th
For the year ended 30 September 2024
Unrestrlrted
fund5
2024
Total
Unrestricted
funds
2023
Total
Notes
Income from:
Other trading activities
Investment income
Other income
2,215,936
199,493
3,789
2,215,936
199,493
3,789
2,238,993
153,049
3,472
2,238,993
153,049
3,472
Total Income
2,419,218
2,419,218
2,395,514
2,395,514
Expenditure on:
Raising funds
Charitable activities
1,406,019
667,123
1,406,019
667,123
1.501,001
695,254
1,501,001
695,254
Total expenditure
2,073,142
2,073,142
2,196,255
2,196,255
Net Income
346,076
346,076
199,259
199.259
Transfers between funds
Net movement In funds
346,076
346,076
199,2S9
199,259
Reconciliatlon of funds:
Funds brought forward
17,056,195
17,056,195
16,856,936
16,856,936
Total funds carrled forward
17,402,271
17,402,271
17,056,195
17,056,195
The notes on pages 13 to 19 form an integral part of these financial statements.
Page 10

M J CAMP CHARITABLE FOUNDATION
Balance Sheet
th
as at 30 September 2024
Group
2024
Group
2023
Charlty
2024
Charity
2023
Notes
Fixed assets
Tangible assets
Investments
12,674,147
12,603,512
io
14,447,936
14,447,936
12,674,147
12,603,512
14,447,936
14,447,936
Current assets
Stocks
Debtors
Cash at bank and in hand
li
12
371,240
340,401
4,354,062
553,916
256,642
4,100,259
102,105
115,428
5,065,703
4,910,817
102,105
115,428
Liabilities:
Creditors falling due within one year
13
1333, 1531
1453,9311
13,8001
13,8001
Net current assets
4,732,550
4,456,886
98,305
111,628
Total assets less current liabilities
17,406,697
17,060,398
14,546,241
14,559,564
Provislon5
14
14.4261
14,2031
Net assets
17,402,271
17,056,195
14,546,241
14,559,564
Funds
Unrestrlcted funds
Unrestricted fu nds
Designated funds
Revaluatlon reserve
15
102,105
16,980,547
319,619
115,428
16,621,148
319,619
102,105
14,444,136
115,428
14,444,136
Total funds
17,402,271
17,056,195
14,546,241
14,559,564
The financial statements were approved and authorised for issue by the Board of Trustees and signed on its behalf by:
Ms A Rogers
On behalf of the Board of Trustees
Date..
. J2 Lo>+
The notes on pages 13 to 19 form an integral part of these flnancial statements.
Page 11

M J CAMP CHARITABLE FOUNDATION
th
Consolidated Cash Flow Statement for the year ended 30 September 2024
Group
2024
Group
2023
Cash flows from operating activities.,
Net cash provided by (used inl operatlng activities
1115,171}
1181,oosI
Cash flows from investing activities:
Income from investments
Purchase of fixed assets
Proceeds from sale of fixed assets
199,493
1230,5191
400,000
153,049
14,9611
Net cash provided by (used inl investlng activities
368,974
148,088
IDecreasel/lncrease in cash and cash equivalents in the year
253,803
132,9171
Cash and cash equivalents at l October 2023
4,100,259
4,133,176
Cash and cash equlvalent5 at 30 September 2024
4,354,062
4,100,259
Net income for the reporting period
Depreciation and impairment
IProfitl/loss on disposal of fixed assets
Income from Snve5tments
Ilncreasel/Decrease in stocks
Ilncreasel/Decrease in debtors
IDecreasel/lncrease in creditors
IDecreasel/lncrease in provisions for liabilities
346,076
22,060
1262, 1761
1199,4931
182,676
183,7591
1120,7781
223
199,259
23,588
807
1153,0491
1269,8021
1127,2541
148,273
12,8271
Net cash provided by (used inl operatln8 actlvltles
1115,1711
1181,005)
Page 12

M J CAMP CHARITABLE FOUNDATION
Notes to the financial statements
th
for the period ended 30 September 2024
Accounting policies
Charity information
M J Camp Charitable Foundation is a registered charity. number 1085654. The registered address is Lower Tye
Farm, Copse Lane, Hayling Island. Hampshire, POII ORQ.
M J Camp Charitable Foundation meets the definition of a public benefit entity under section 34 of FRS 102. Assets
and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant
accounting policy.
The principal objectives of the charity are detailed In the Trustees, report.
Basis of accounting
The financial statements have been prepared in accordance with 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 IFRS 1021 issued in October 2019, the Financial
Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, and UK Generally Accepted
Accounting Practice.
The financial statements are presented in sterling which is the functional currency of the charity. Monetary
amount5 in these financial statements are rounded to the nearest £.
Consolidated financial statements have been prepared in respect of the charity and its wholly owned subsidiary,
St Hermans Estate Co Limited. The Consolidated Statement of Financial Activities include5 the results of St Hermans
Estate Co Limited as single line items. The Consolidated Balance Sheet includes the net assets of St Hermans Estate
Co Limited on a line by line basis.
Going concern
The trustees consider that there are no material uncertainties about the group's ability to continue as a going
concern nor any Significant areas of uncertainty that affect the carrySng value of assets held by the group.
Income
Income is recognised when the charity has entitlement to the funds, any performance condltions attached to the
items of income have been met, it is probable that the income will be received and the amount can be measured
reliably. The following specific policies are applied to particular cate8ories of income-
Other tradlng activities
Thi5 arises from the activities of the trading subsidiary and rnainly comprlses the operation and mana8ement of
campin8, caravan and mobile home 51tes.
Investment Income
Investment income is recognised once notified.
Where items and services have been donated, the value of the donation has been assessed by the Trustees.
Expenditure
Expenditure is recogni5ed once there is a legal or constructive obligation to that expenditure, it is probable
settlement is required and the amount can be measured reliably. All costs are accounted for on an accruals basis
and allocated to the applicable expenditure heading that aggregate similar costs to that 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.
Raising funds
These are costs incurred in trading activities that raise funds.
Page 13

M J CAMP CHARITABLE FOUNDATION
Notes to the financial statements
th
for the period ended 30 September 2024
Charitable activitles
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services
for its beneficiaries. It includes both costs that can be allocated directly to such activities and those cost5 of an
indirect nature necessary to support them.
Grant expenditure
Grants are given in accordance with the aims and objectives of the Charity and are accounted for once made by
the Trustees.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements,
including audit, strategic management and trustees, meetings and reimbursed expenses.
Tangible fixed assets and depreciation
Tangible fixed assets with a cost or value greater than £100 and a useful life exceeding one year are capitalised
and stated at historic cost less accumulated depreciation. Depreciation is provided at rates calculated to write off
the cost less residual value of each asset over its expected useful life, as follows:
Buildings
Park Homes
Plant and machSnery
2% straight line
5% straight line
20Yo reducin8 balance
Investments
Investments in subsidiaries and associates are measured at deemed cost less impairment.
Stock
Stock is valued at the lower of cost and estimate selling price less c05tS to complete and sell, after due regard for
obsolete and slow moving stocks. Cost is determined using the first in, first out method.
Financial Instruments
The Charity has elected to apply the provisions of Section I I 'Basic Financial Instrument5, and Section 12 '0ther
Financial Instruments Issues, of FR5102 to all of its financial instruments.
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial Snstruments.
These are recognised at transaction value and subsequently measured at their settlement valLte.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there
is a le8ally enforceable right to Set off the recognised amou nts and there is an intention to settle on a net basis or
to realise the asset and settle the liability simultaneously.
Income from other trading activities
Unrestricted
fund5
Designated
Unrestrlcted
2024
funds
Designated
2023
Total
Total
Sale of goods and services
2,215,936
2,215,936
2,238,993
2,238,993
Page 14

M J CAMP CHARITABLE FOUNDATION
Notes to the financial statements
th
for the period ended 30 September 2024
Investment income
Unrestricted
funds
Deslgnated
Unrestricted
2024
Total
funds
Designated
2023
Total
Interest receivable on bank deposits
199,493
199,493
153,049
153,049
Expenditure on charitable activities
Unrestrlcted funds
Deslgnated
General
Unrestricted funds
Designated
2024
General
2023
Grant funding of activities
Governance costs
662,805
518
662,805
4,318
691,000
454
691,000
4,254
3,800
3,800
3,800
663,323
667,123
3,800
691,454
695,254
Governance costs
Unrestricted funds
Desl8nated
General
Unre5trlcted funds
Deslgnated
2024
General
2023
Audit fees
Other governance costs
3,800
3,800
518
3,800
3,800
454
518
454
3,800
518
4,318
3,800
454
4,254
Net incoming resources for the year
2024
2023
Net outgoing resources is stated after charging:
Audit fees
Depreciation and other amou nts written off tangible fixed assets
Profit/llossl on disposal of fixed assets
3,800
22,060
259,593
3,800
23,588
18071
Page 15

M J CAMP CHARITABLE FOUNDATION
Note5 to the financial statements
th
for the period ended 30 September 2024
Employee costs
Group
2024
Group
2023
Charitv
2024
Charitv
2023
Employment costs
Wages and salaries
Social security costs
Defined contribution pension costs
359,408
38,429
10,605
368,863
34,471
9,738
408,442
413,072
Key management personnel
Employee benefits received by key management personnel total £221,087 12023.. £200,161) which included
employers, national insurance contributions.
Hlgher paid employees
The number of employees who earned more than £60,000 during the year was as follows..
2024
2023
£80,001 to £90,000
£IOO,001 to £llO,000
£130,001 to £140,000
Number of employees
The average monthly number of employees (full time equivalentl during the period was as follows:
2024
2023
There was no remuneration or other benefits paid by the charity to the Trustees for the year ended 30th
September 202412023.. £Nill. Two of the Trustees received remuneration from the trading company totaling
£221,08712023.' £200, 1611.
No trustee expenses have been incurred during the year.
Taxation
All of the charity's income is applied for charitable purposes and therefore the charity is exempt from corporation
tax.
Page 16

M J CAMP CHARITABLE FOUNDATION
Notes to the financial statements
th
for the period ended 30 September 2024
Tangible fixed assets
Land and Furniture and
buildings
equipment
Total
Cost
At l October 2023
Addition5
Disposals
12,407,912
228,989
1140,0001
376,491
1,530
15,7361
12,784,403
230,519
1145,7361
At 30 September 2024
12,496,901
372,285
12,869,186
Depreciation
At l October 2023
Charge for the year
On disposals
28,879
3,321
13,6931
152,012
18,739
14,2191
180,891
22,060
17,9121
At 31 September 2024
28,507
166,532
195,039
Net book values
At 30 September 2024
12,468,394
205,753
12,674,147
At 30 September 2023
12,379,033
224,479
12,603,512
io.
Investments
Charity
2024
2023
At deemed cost
14,447,936
14,447,936
The investment 15 the entire issued share capital of the following UK registered company:
Reserves
2024
Reserves
2023
Country
Company number
Share capital
St Hermans Estate Co
Limited
England
00421344
loo%
10,745,778
10,411,458
Page 17

M J CAMP CHARITABLE FOUNDATION
Notes to the financial statements
th
for the period ended 30 September 2024
Summary of trading results..
Profit and Loss Account
2024
2023
Turnover
Cost of sales
2,141,392
1655,4451
2,154,167
1649,2711
Gross Profit
Distribution costs
Administrative expenses
Other operating income
1,485,947
1,504,446
152,2181
161,8101
11,344,338) 11,335,057)
83,887
88,299
Operating profit
Other interest receivable
173,278
199,620
195,878
153,049
Profit/llossl for year before taxation
Taxation
372,898
138,5891
348,927
167,6651
Retained profit/llossl for the period
334,309
281,262
11. Stock
Group
2024
Group
2023
Charltv
2024
Charlty
2023
Stocks
371,240
553,916
12. Debtors
Group
2024
Group
2023
Charlty
2024
Charlty
2023
Trade debtors
Prepayments
VAT
276,897
63,504
61,336
176,691
18,615
340,401
256,642
13. Creditors
Group
2024
Group
2023
Charity
2024
Charlty
2023
Other creditors
Taxation and social security
Accruals
10,853
49,274
273,026
134,622
89,427
229,882
3,800
3,800
333,153
453,931
3,800
3,800
Page 18

M J CAMP CHARITABLE FOUNDATION
Notes to the financial statements
th
for the period ended 30 September 2024
14.
Provisions for liabilities
Group
2024
Group
2023
Charitv
2024
Charity
2023
Deferred tax
4,426
4,203
15.
Net assets between funds
Unrestrlcted funds
General Deslgnated
Total
2024
Tangible fixed assets
Current assets
12,674,147 12,674,147
4,963,598
5,065,703
1333,1531 1333,1531
14,4261
14,4261
102,105
Current liabilitie5
Provisions for liabilities
102,105 17,300,166 17,402,271
Unrestricted funds
General Desl8nated
Total
2023
Tangible fixed assets
Current assets
12,603,512 12,603,512
4,795,389
4,910,817
1453,9311 1453,9311
14,2031
14,2031
115,428
Current liabilities
Provision5 for liabilities
115,428 16.940,767 17,056,195
16. Related party transactions
The following related party transactions were undertaken during the period..
Ann Rogers received remuneration of £138,42012023- £130, 1401 for her role as director of St Hermans Estate Co
Limited.
Richard Weekes received remuneration of £58,06312023'. £47,768) for his role as Secretary of St Hermans Estate
Co Limited.
St Hermans Estate Co Limited rents an office from Ann Rogers. During the year the company paid £3,02012023'.
£2,800) under the lease agreement.
17. Ultimate parent undertaking
The ultimate controlling party are the Board of Trustees.
Page 19