Registered Charity: 1085654 M J Camp Charitable Foundation Annual Report and Consolidated Financial Statements for the year ended 30th September 2025 Compass Accountants Limited Venture House The Tannerie5 East street Titchfield Hampshire P014 4AR
M J CAMP CHARITABLE FOUNDATION Content5 Page Referen and administratwe details Report of the Trustees Statement of Trustees, Responsibilities Independent Auditor's Report Consolidated Statemet7t of Financial Activities io Consolidated Balan 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 2025 Reference and administrative details Trustees Ms Ann Roger5 Mr Richard Weeke5 {reslgned 12 December 2024) Mr Chris Dri5coII Ms Helen Spinner Mr Paul Barker (appointed 9 July 2025) Secretary Mr Pete Dent Charity Reglstration Number 1085654 Principal office Li)wer Tye Farm Copse Lane Hayling Island Hampshire POII ORQ Auditor Compass Accountants Limited Venture House The Tanneries East street Titchfleld 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 2025 The trLF5tees present the annual report tryJether with the firTrancial statements and audltors, report of the charity for the year ended 30th September 2025. Batkground of the charlty The foundation was established by trust deed on 215t Dember 20DO with the intentlon of providing a structure to formalise the altruistic activities of its principal founder, Michael James Camp. Folk)wing the death of Mr Camp i February 2013, the foundation received by way of a legacy the whole of the issued share capital of St Hermans Estate Co Limited I"The Company"), a a)mpany which had been wholly owned by Mr Camp. Objectives and activities The Objerts of the foundation are: a) To promote for the benefit of the public the recording, stLKiy and protection of places and objects of natural beauty or of ornithological, botanical, silvicultural, geological, zoological, archaeological, historical or sclentific interest in the Unlted Kinglom and in Hayling Island in particular and to advan public education in the conservation of such places and objerts; b) To promote, encourage and assist the restoration to good and navigable orckr and the MaIntenan arKI improvement of canals and other inland waterways of the United Kingdom for the public benefit and to educate the public about inland waterways, their historyi constFUCtion, use, development and operation,. c) To relieve the suffering of horses, tx)ntes and donkeys which are unwanted, sick or neglected or are in need of care as a restjlt of cruelty or ill-twtment and to suptK)rt (financially or OtheISe) the establlshment or maintenance of rescue homes or $3nrtuarle5 for the care and rehabilitation of such animals, d) To advan the education of the public by promoting interest in and appreck?tion of and preservlng for public benefit hlstoric vehicles and in particular steam trains, and all equipment, buildings and other items of general transport or historic Inte$t which may have been used In coni)ettion with such vehicles,. e) To establish or sUPPOrt community transport schemes for the benefit of the inhabitants of local communities in the United Kingdom,. Such other charltable purposes a5 the trustees may from time to time in their discretion decide. Public 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 Wale5. Objectlves, aim5 and strategies The foundation's aims are to comply wilh the objects of the charity as described above by making grants to suitable charities in accordance with the Interests of its foundin9 princlpal Michael James Camp, It Is the opinion of the trustees that the achievement of the foundation's aim5 by making grants will fulfil its legal obligations as contained in the trust deed. The foundation'5 Strategles for achleving Its stated aims and objectives are to Identify suitable charitable organi53tions to SUPPDrt, partly by selection from appIltIonS received by the foundation and partly as a result of research carried out by the trustees to identify suitable recipients for grants. The twstees assess su$$ during the reporting perit)d by assessing the ratlo of grants made to income reIVed from the company. During the year ended 30th September 2025 the ratio was 95010 (2024.. 1020/0) and the trustees anticipate that this ratio is likew to be similar in the year endlng 30th September 2026, Page 2
M J CAMP CHARITABLE FOUNDATION Trustees, Report for the year ended 30th September 2025 The maln activities of the foundation during the year were grants made to a variety of charltable organisations in keeping with the objects of the foundation [ below for a schedule of grants made). Actlvltles and performance The overall expendlture of grants was £574,000, which was a decrease compared with the previous yearfs expenditLtre of £662,805, due to the fall in income recelved by the charity. Grants made for the year ended 30th Septemter 2025 were as follows.. Hampshlre & IOW Alr Ambulance Tlie Wey & Arun Canal Trust Rowans H05pice RNLI South Downs National Park Trust The Brooke Bumblebee Conservation Trust SPANA Ability Dogs 4 Young People Redwings Horse Sanctuary People4Ponies Brent Lodge Wildlife Trust Moorland Mousie Trust National Railway Museum Motiv8 The Rainbow Centre Final Straw Elizabeth Foundation Saving Souls Worldwide Veterinary Servl 225,000 190,000 95,000 30,000 4,000 3,000 1,000 3,000 2,000 2,000 3,000 4,000 2,ODO 1,000 500 500 1,000 3,000 2,000 2,000 574,000 The trustees consider that each of these grants to charities were made In accordance wlth the aims and objectlves of the foL(ndatIC were demonstrably for public benefit. No fundraising wa5 carried out by the foundation during the year, as it is wholly funded by the company, The foundation is continuing to receive a much higher woportion of appropriate appllcations from suitable charltable organisations during the year. The trustees consider it onty a minor negative fartor that there are Still a numIr of wholly unsuitable applications for funding belng reived. Financial review During the year ended 30th September 2025 the foundatlon received a payment under gift aid of £603,930 (2024.. £650,000) from the company. The foundation also had a bank balan at 30th September 2025 of E127,530 {2024: £102,105), giving total free re5erve5 (after dedurting creditors) of £123,530 (2024,. £98,305). Total group funds at 30th September 2025 were £17,679,381 {2024'. £17,402,271). The companws main asset is land and bulld51)gs on Hayling Island, owned in connectlon with its bu5ine55 of the 0ratIOn of residential and holiday static caravan parks. Since the date of acquisltion of the share capital, the company has continued to be managed by its board of directors, with the objective of running at a sufficient profil to enable the foundation to fulfil its charitable objects satisfattoriSy. The trustees do not consider that there are any significant finallcial risks or uncertalntte5 fac¢ng the foundation, The trading perforrnan of the company Is strong and should remaln so for the foreseeable fLTrture, Page 3
M J CAMP CHARITABLE FOUNDATION Trustees, Report for the year ended 30lh September 2025 Reserves policy The foundation has not at present adopted any specific overall reserve5 policy, but the trustees are actively considering what form thls policy might take in future years. The pollcy In respect of the company is for the company to hold sufficient working capltal 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 periods The trust8 intend th3t the foundat¢on wlll continue tts operations of identifying and making grants to charities which are In accordance with the foundation's objects and will also provide public bellef. In order to carry out this plan more effertively the trustees would welcome application5 for fundlng from any charities which meet or are likely to meet the objects contained in thls report. stnKturei governance and management The govemlng document of the foundation is Ihe trust deed dated 215t Dember 2C()O. Accordlng to the deed, there must be at least two and not more than six trustees. Following the death of Michael James Camp in February 2013 and in accordance with the provisions of the trust deed, a new or addiitonal trustee is now appointed by a resolution of the trustee5. The company has a management team comprisirwJ 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 meelings as and when required, in order to review grant Jpplications and make decisions as to which charities to support. Day to day mai)agement of the foundation is the responsibility of the trustees. None of the trustees receive any remuneration in respett of their activitie5 on behalf of the foundation, although two of the trustees receive remuneration frotn the company in respect of their roles withln the company. Financial instruments Objective5 andpolicies The group's activitie5 expose it to a number of financial risks, including credit risk, cèsh thw risk and liquidity risk, The Use of financial derivatives is governed by the group's poIleS approved by the board of trustees, which provide written principles on Ihe use of financial derivatives to manage these risks. The group does not use derivative financial instruments for speculative purposes, Credit risk The group's principal financial a55ets are bank balances and cash, trade and other receivables, and investments. The group's credit risk is priinarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doublful re1vable5. An allowance for impairment is made where there 15 an identified loss event which, based on previous experience, 15 eVKIEn 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 bank5 With high credit-rating5 assigned by international credit-rating agencies. The group has no signifKant concentration of credit risk, with exposure spread over a large number of counterparties and customers. PagÈ 4
M J CAMP CHARITABLE FOUNDATION Trustees, Report for the year ended 30th September 2025 LIqultyri5k In order to maintain liquidity to ensure that sufficient funds are avaifable for onwing operations and future developments, the group uses a mixture of long-term and short-temi debt finantr. Dlsclosure of information to auditor Each trustee has taken steps that they ought to have taken as trustee in order to make themselves awa of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustee5 confirm that there is no relevant information that they know of and of which they know the auditor 15 unaware. The annual report was approved by the trustee5 of the charity and signed on its IEhalf by- Mr Paul Barker Trustee Date.. Zo It(a 2c)'26 Page 5
M J CAMP CHARITABLE FOUNDATION Statement of trustees, responsibilities for the year ended 30 Septemher 2025 The Trustees are responsible for preparing the Trustee5' Annual Report and the financlal statements in accordance with applicable law and United Kingdom Accounting Standards {Un5ted Klngdom Generally Accepted Accounting Practi). 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 appllcation 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 policie5 and then apply them consistently,. observe the methods and principle5 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, subject to any material departures disclosed and explained in the financial statements; prepare the financial Statements on the going contrrn basis unle55 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 PDSltion of the charlty and enable them to ensure that the financial statements comply with the Charities Act 2DI I, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the tmst deed. They are also responsible for safeguarding the assets of the charity and hen for taking rea50noble steps for the prevention and detection of fraud and other irregularities. Mr Paul Barker Trustee Date.. ZO '201& PagÈ 6
M J CAMP CHARITABLE FOUNDATION Independent Auditor's Report to the Trustees of M J Camp Charltable Foundation Opinlon We have audited the financial statements of M J Camp Charitable Foundatlon (the 'parent charity'l and its 5ubsldiary (the 'groupJ for the year ended 30th September 2025 whlch comprise the Statement of Financlal Activity, the Balance Sheet, the cash flow statetnent and notes to the financial statements, Including significant accountlng 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 Financi81 Reporting Stèndard appIable In the UK and Republ of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financlal statements: give a true and fair view of the state of the group's and parent charity's affair5 as at 30111 September 2025, and or the group's incomlng resoLfrces and application of resources, includSng its income and expenditure for the year then ended,, have been properly prepared In accordance with United Kingdom Generally Accepted Accountlng Practi. and have been prepared in accordan. with the requirements of the Charitles 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 responsibilitie5 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 audlt of the financial statements in the UK, including the FRC'5 Ethical Standard, and we have fulfilled our other ethical responslbilitie5 in accordance with ihese requirements, We believe that the audit eviden we have obtained is 5ufficlent and appropriate to provide a basis for our oplnion. Conclusions relating to golng concern In auditing the financlal statements, we have concluded that the trustees, use of the going conr basi5 of accounting in the preparation of the financial statements Is appropriate. Based on the work we have performed, we have not identified any material uncertaintie5 relating to events or conditions that, individually or collertively, may cast sSgnlflcant doubt on the charitable group or parent charity's ability to continue a5 a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the SponSibl11t1es of the trustees with respect to going conrn are described in the relevant sectlons of this retK)rt. other information The other Information comprlses the Information included in the trustees annual report, other than the financial statements and our auditor's report thereon, The trustees are responsible for Ihe other information contalned within the annual report. Our opinion on the finBnclal statements does not cover the other information and, exp¢ to the extent otherwise explicitly stated in our report, we do not express any form of assurance concluslon thereon. Our responsibility is to read the other Information and, in dolng so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated, If we identify such material inconsistencies or apparent material mlsstatements, we are required to deteimine whether there is a material mlsstatement in the financial statements or a material misstatement of the other iiiformation. If, based on the work we have performed, we conclude that there is a material mlsstatement of thls 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 whlch we are required to report by exception We have nothing to report In respect of the following matters In relatlon to which the Charities (Accounts and Reports) Regulations 2008 require us to port to you if, in our opinion.. the informatlon glven In the financial statements is incon5iSteRt in any material respect wilh the trustees, report,. or sufficient accounting records have not been kept,. or the financial statements a not in agreeinent with the accounting records,. or we have not received all the information and explanations we requlre for our audit. Responsibilities of trustees As explained more fully in the trustees, respon5ibilitles slalement lset out on page 71, the trustees are re5rxinsible for the preparation of financial .£tatcments which give a true and fair view, and for such internal control as the trustee5 determlne is necessary to enable the preparation of financial statetnents that are free from material misstatement, whether due to fra[ or error. In preparing the financial statements, the trustees are responslble for assessing the group and parent's ability to continue as a going concern, disclosing, as applicable, matters related to going Con[ and using the going conrn basis of accourbting 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 50. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under sectlon 151 of the Charitles Act 2011 and report in accordan with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statetnents as a whole are free from material misstatement, whether due to fraud or error, and to Issue an alfditor's report that includes our opinion. Reasonable assurance 15 a high level of assuran, but is not a guarantee that an audi( conducted in CCOrdan with ISAS (UK) will always detect 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 financlal statements. Irregularitie5, Including fraud, are instan5 of non-complian with laws and regulations. We design prOdre$ in line with our responsibilities, outllned above, to detect materFal misstatements In respect of irregularities, Including fraud. The specific procedures for this engagement and the extent to whlch these are capable of detecting irregularities, including fraud is detailed below; We gained an understanding of the legal and regulatory framework applicable to the charlty and the sector in which it operates through discussioris wlth management, sector research, and the application of relevant audit knowledge and experien 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 revSewing flnancial statement disclosures and testing of supporting documentation, to assess compliance wlth applicable laws and regulal"ions. We focussed on laws and regulatlons which could give rise to material misstatement in the financial statements includlng, but not limlted to, the Charities Act 2011, the Charities SORP, and the Financial Reporting Standard 102. We identified the risk of material misstatement of the financlal statements due to fraud and deslgned audit procedures to respond to the risk. We performed audit procedures designed to addres5 the risk of fraud arlsing from management override of controls, including, but not limited to, testing of journal entrles and other adjustments, reviewing accounting estimates for eviden of bias, and evaluating the busines5 rationale of significant transactlons outside the normal course of business Page 8
M I CAMP CHARITABLE FOUNDATION Independent Auditor's Report to the Trustees of M J Camp Charitable Foundation Because of the inherent limltatlons of an audlt, there is a risk that we will not detect all irregularities, Including those leading to a material misstatement In the flnancial statements or non-compllance with regulation. This risk increases the more that compliance with a law or regulation Is removed from the events and tran5action5 reflected in the financial statements, as we will be less likely to become aware of instan5 of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involve5 intentional concealment, forgery, collusion, omission or misrepresentation. A further descriptlon of our responsibilities for the audlt of the financial statements is located on the Financlal Reporting Council'5 website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. Use of our report This report 15 made solely to the charlty's trustees, as a body, in accordance with Part 4 of the Charities (Accounts arsd Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trLJStee5 those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extenl permitted by law, we do not atpt or a55ume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for thls report, or for the opinians we have formed. Com Chart assA untants Limited, ccountants and Statutory Auditor Venture House, The TanerieS East Street, Titchfield Hampshire, P014 4AR Date.. 22 JJJJJtsLy 201 Comp3ss Accountants Limited is eligible to act os an auditor in tenns of sectlon 1212 of the compa115 Act 2006. Page 9
M J CAMP CHARITABLE FOUNDATION Consolidated Statement of flnanclal activities {Incorpor3ting the income and expenditure account) For tho year ended 30, September 2025 Unrestricted funds 2025 Total Unreslrlcted funds 2024 Total Notes Income from.. other Iradin8 atlivitles Invektment income other incorne 2,161,519 185,539 5,264 2.161,519 185,539 5.264 2,215,936 199,493 3,789 2,215.936 199,493 3,789 Total income 2,352,322 2,352,322 2,419.218 2,419,218 Expenditure on.. Raising funds Charitable aclivities 1,496,507 578,705 1,496,507 578,705 1,406,019 667,123 1.406,019 667,123 Total expenditure 2,075.212 2,075,212 2,073,142 2,073,142 Net intome 277,110 277,110 346,076 346,076 Transfers between funds Net movement in funds 277,110 277,110 346,076 346,076 ReconGlliatlon of funds.. Funds brought fo¥ward 17,402,271 17,402,271 17,056,195 17.056.195 Tot31 funds carrled forward 17,679,381 17,679,381 17,402,271 17,402,271 The notes on pages 13 to 19 form an integral part of thesè flnanclal statements. Page 10
M J CAMP CHARITABLE FOUNDATION Bal?nce Sheet th as at 30 September 2025 Group 2025 Group 2024 Charlty 2025 Charlty 2024 Notes Fixed assets Tangible asset5 Investments 12,548,721 12,674,147 io 14,447,936 14.447,936 12,548,721 12.674,147 14,447,936 14,447,936 Current assets stocks li 242,210 146.695 5,138,221 371.240 340.401 4,354,062 Debtors Cash at bank and In hand 12 127,530 102,105 5.527,126 S,065,703 127,530 102,105 Liabllltles: Cieditors falling due within one year 13 1392.4701 1333,1531 14,0001 13,8001 Net current assets 5,134.656 4,732,55 123,530 98,305 Total assets less current liabilities 17,683,377 17,406,697 14,571.466 14,546,241 Provisions 14 13.9961 14,4261 Net assets 17,679,381 17,402,271 14,571,466 14,546,241 Funds Unrestrlcted lund5 Unrestricted funds Oesignated funds Rev31uatlon reserve Is 127.530 17,232,232 319.619 102,105 16,980,547 319,619 127,530 14,443.936 102,105 14,444,136 Total funds 17,679.381 17,402,271 14,S71,466 14,546,241 The financial statements were approved and autho¥ised for És5ue by the 8oard of Trustees and signed L)n it5 behalf bv.. Ms A Rogers On behalf of the Board of T¢ustees Date,. 20 101 1101 The notes on page5 13 to 19 form an 5ntegral part of these finan¢lal statements. Page 11
M J CAMP CHARITABLE FOUNDATION Consolidated Cash Flow Statement for the year ended 30, September Z025 Group 2025 Group 2024 Cash flows from operatin8 actlvltles.. Net cash provided by (used Inl operatlng acllvities 667,228 1115,1711 Cash flows from Inve511ng activitles: Income from investments Purchase of fixed assets Protèeds from sale of fixed assets 185,539 1157,2801 88,672 199,493 1230.5191 40D.000 Net cash provlded by lused Inl Investlng activitles 116,931 368.974 IDec¥ea5el/lncrea5e in cash Bnd cash equivalents In the year 784,159 253,803 Cash and cash equivalents at l October 2024 4,354,062 4,100.259 Cash and cash equlvalents at 30 September 2025 5.138,221 4,354,062 Net income for the reporting period Depreclation and impairmÈnt IProlitl11055 on dlsposal of fixed assets Income from inve5tmEnts Iln¢reasel/Dec¥ease in stocks Iincreasel/Deciea5e in debto¥s IDecreasel/lncrea5e in creditors IDecreasel/lncrease in provisions ftsr liabilities 277,110 61,536 132,498 1185,5391 129,030 193.706 59,317 14301 346,076 22,060 1262,1761 1199,4931 182,676 183,7591 1120,7781 223 Net cash piovided by lused Énl operatlng activitie5 667,228 1115.1711 Page 12
M J CAMP CHARITABLE FOUNDATION Notes to the financial statements for the perlod ended 30, September 2025 Accounting policles Charlty information M J Camp charitable Foundation 15 a registered charilv, number 1085654. The registered address is Lower Tye Farm. Copse lane, Hayllng Island, Hampshire. POII ORQ. M J Camp Charitable Foundation rneets the defjnltlon ol a public benefil entily under sectlon 34 of FRS 102. Assets and liabilities are initially recognised at histoKlcal cost or transaction value, unless otherwise stated in the relevant accounting policv. The prlncipal objectives of the charlty are detailed in the Trustee5' report. Basis of accounting The financial statements have been prepared in acctsrdance with Accounting and Reporting byChaTltie5: Statement of Recoinmended Practice applicable to ¢harltles preparing their account5 in accordance with the Financial ReportinE Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019, the Financial Reporting StandBrd applicable in the United Kingdom and Republlc of Ireland IFRS 1021, and UK GenefallyAccepted AccountinE Practice. The financial statements are presented in sterllng which is the functional currency of the charily. Monetary amounts in these financial statEment5 are rounded to the nearest £. Consolidated financial statements have been prep3rEd in respect of the charity and IES wholly owned subsidiarv, St Herma¢)s Estate Co Limited. The Consolidated Statement of Financial Activities includes the results ol St Hermans Estate Co Llmited as single Ilne items. The Consolidated Balance Sheet includes Ihe net assets of St Hermans Esiate Co limited on a Ilne by line b3%Is. 1.3. Going concern The trustees consider that Ihere are no malerial uncertainties about the group's ability to continue a5 a goinE oncern nor any signilicant areas of uncertainty that affect the carrying value of asset5 held by the group. Income Income is re£ognised when the charity has entitlement to the funds, any performance condltions altached to the items of Income have been met, it 15 probable that the income will be received and the amount can be measu¥ed reliably. The following specific polÉcies are applied to particular categorlès ol income.. other tradlJ)g actlvlties Tliis arises from the activities of the trading Subsidiary and mainly comprise5 the operatlon and management of camping, caravan and mobile home sites. Investment income Invèstment income 15 recognised once noiilied. Where items and services have been donated, the value of the donalion ha5 been assessed by the Trusteès. Expenditure Expendllure 15 recognised orbce there is a legal tsr ¢onstructive obllEation to that expendltu¥e, il Is probable settlement is requlred and the amount can be rneasured rellably. All costs are 3teo¢Jnted lor on an accruals basis and allocated to the appllcable expÈnditure heading that aggregate similar costs to that category. Where costs cannot be diTectly attribuled to partScular headings. they have been allocated to attivltles on 2 basls consistent with the use of resources. RalslnE funds Yhese are costs iricurrÈd in tradin8 activities that raise funds. Page 13
M J CAMP CHARITABLE FOUNDATION Notes to the financial statements for the perlod ended 30, September 2025 Charitable actlvlties charitable expenditure cc>mprises those costs Incurred by ihe charity the delivery of it5 actlvltie5 and services for it5 beneliciarie5. It includes both tosts that can be allocated directly to such activlties and those costs of an indirecl nature necessary to support them. Grant expenditurÈ Grants are given in accordance with the aims and trbjective5 of Ihe Charity and are accounted ftsr once made by the Trustees. Goveinance costs These include the costs 3ttributable to the charitvs compliance with constStutional and statutory requlrements, Inclding audit, strategic mic nageinent and trustees, meetings and reimbursed expenses, Tangible flKed assets and depreciation Tangible fixed a55ets witli a c05t or value greateT thatl £100 and a useful life exceedinE one year are capitalised and stated at historic cost less accumulated depreciation. Depreciation is provided at rates calculaied to write off the c05t less residual value of each asset over it5 expected useful life, as follows: Buildings Park Homes Plant and machinery 2% Straight line 5% straight Ilne 20Yo reducing balance Investments Investinent5 in stsbsidiarieg and associates are measured at deemed c05t less impairment. stock Stock is valued at the loweT of cost and esiimate selling price less costs to complele and sèll, after due regard lor obsolete and slc>w moving stocks. Cost is determlned using the first in. first ovi method. Financial Instruments The Charity has elected to apply the provisions ol Section 11 'Basic Financlal Instruments. and Section 12 '0ther Financial Instruments15sue5' of FR5102 to all of its financial Instruments. The chaTlty only has financial assets and Ilhancial liabilities ol a kind that quallly as b35TC financial instruments. These are lecognised at t¥an5action value and subsequently measured at their settlement value. Financial assets and liabilities are offset, with the net amounts prèsented in the financial statements. when there Is a leEally enforceable right to set ofl the recognised amounts 2nd there is an intentlon to 5p.ttle on a net basis or to reallse the asset and seltle the liabllity simultaneously. Income from other trading activities Unrestrlcted funds Designated Unrestrlcted 2025 Total funds Designated 2024 Total Sale of gotsds and servlces 2,161,519 2.161,519 2,215,936 2.215,936 Page 14
M J CAMP CHARITABLE FOUNDATION Notes to the financial Statements for the period ended 30, September 2025 Investment income Unrestricted Unreslrlcted furtds De51Enated funds Deslgnated Z025 2024 Total Total Inlerest receivable on bank deposits 185,539 185,539 199,493 199.493 Expenditure on charitable actlvlties Unrestricted funds Deslgnated General Unrestricted funds Deslgnated General 2025 20Z4 Grant funding of activitie5 Governance cost% 574,000 705 574,000 4,705 662,805 518 662,805 4,318 4.000 3,800 4,000 574,705 578,705 3,8[ 663,323 667,123 Governance costs Unrestrlcted funds General Unrestricted funds Deslgnated Genetal Deslgnated 2025 2024 Audit fees 4,000 4,000 705 3,800 3,800 518 other governance c05tS 705 518 4.000 705 4,705 3,800 518 4,318 Net incoming resources for the year 2025 2024 Net outgoing resouices Is staled after ¢harglng'. Audit fees Depreciation and other amounts written off iangible fixed assets Profitlllossl on disposal of fixed assets 4,000 61,536 94,836 3,800 22,050 259,593 Pa8e IS
M J CAMP CHARITABLE FOUNDATION Notes to the financlal statements lor the period ended 30, September 2025 Employee costs Grot(p 2025 Group 2024 Charlty 2025 charity 2024 Employment Costs Wage5 and salaries Social securily costs Deflned contribution pension costs 349,888 34,156 3.788 359,408 38,429 ICI,605 387.832 408,442 Key management personnel Employee benefits received by koy managen)ent personnel total £204,81612024.' £221,087) whlch included employers, national Énsurance contributions. HIBher paid employees Tho number of employees who earned more than E6CTr,000 durlng the year wa5 as follows: 2025 2024 £IOO.001 to £llO,OOD £130,QOI to £140,000 £140,001 to £150.000 Number of employees The average monthly number of employees (full lime equivalentl during the perlod was as follows.. 2025 2024 There was no remUneratOtl or other benefits paid by the charily to the Trustees fDr the year erhdEd 30th September 202512024.. ENIII. Two of the Trustee5 received remuneration from the trading company totaling £204,81612024: £221.0871. No trustee expense5 have been incuired during the year. Taxation All of the tharity's income is applied foT charitable purpos@s and therefoie the charity 15 exempt frDm corporation tax. Page 16
M J CAMP CHARITABLE FOUNDATION Notes to the financlal statements for the period ended 30, September 2025 Tangible flxed asset5 Land ani4 Furnilure and buildings equipment Total Cost At l October 2024 Addilion5 Disposals Impairments 12,496,901 372,285 157,280 1273,8051 150,0001 12,869,186 157,280 1273.8051 150,0001 At 30 September 2025 12,496,901 205,760 12,702,661 Depreciation At l October 2024 charge for the year On disposals 28.507 3,321 166,532 8,215 152,6351 195,039 11,536 152,6351 At 31 Seplember 2025 31,828 122,112 153,940 Net book values At 30 September 2025 12.465.Q173 83,648 12,548,721 AI 30 Seplember 2024 12,468.394 205,753 12,674.147 10. Investments Chzrity 2025 Z024 At deemed c05t 14,447,936 14,447,936 The investment is Ihe entire Issued share capital of the followlng UK registered cornpany.. Reserve5 2025 Reserves 2024 Country Company rhumber Share capital st Hermans Estate Co Lln)Ited England 00421344 loo% 10,991,360 10,745,778 PaEe 17
M J CAMP CHARITABLE FOUNDATION Notes to the financial statements for the perlod ended 30, September 2025 Summary of trading results: Profit and Loss Account 2025 2024 Turnover CcTrSt ol sales 2.089.146 1476,1661 2,141,392 1655,4451 1,485,947 152,2181 11,344,338) 83,887 Gross Profit Distribution costs Admlnlstrative expense5 oiher operatlng Income 1,612,980 155,1341 11,438,499) 76,703 Operating profit other Interest ieceivable 196,050 185,618 173,278 199,620 Prolitlllossl for year before taxatiori Taxation 381,668 1136,0861 372,898 138.5891 Retained profit/l10551 loi the period 245,582 334,309 11, Stock Group 2025 Group 2024 charitv 2025 Charlty 2024 Stocks 242,210 371,24D 12. Debtors Group ZOZ5 Group 2024 Charlty 2025 Charlty 2024 Trade debtors Prepayments 62,487 84.208 276,897 63,504 146,695 340,401 13. Creditors Group 2025 Group 2024 Charlty 2025 ChaT4ty 2024 other creditor5 Taxatlon and social securitv Accruals 42,609 149,456 200,405 10,853 49,274 273,026 4,000 3,800 392.470 333,153 4,000 3.800 Page 18
M J CAMP CHARITABLE FOUNDATION Notes to the financial statements for the period ended 30, Septomber 2025 IQ Provlslons for liabilities Group 2025 Group 2024 Charlty 2025 Charity 2024 Oefèrred tax 3,996 4.426 15. Net 855ets between funds Unrestricted funds General Deslgnated Total 202S Tangible flxed assets Current a55ets 12,548,721 12,548,721 5.399,596 5,527,126 1392,4701 1392,4701 13,9961 13.9961 127,530 Currenl Ilabilities Provisions for liabilit¥es 127.530 17,551,851 17,679,381 Unrestrlcted funds General Deslgnated Total 2024 Tangible fixed asseis 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 16. Related party transactions The following related party transactions were undertaken durinE the period= Ann Rogers received remuneration of £146,64012024.. £138,4201 for her Tole as dlrector of St Hermans Estate Cts Limited. St Hermans Estate Co Limited rents an oflice from Ann FIO8ers. During the year the company paid £3.38012024'. £3,020) urkdèr the lease agreement. Reginald Husband, a director of St Hermans Estate Co, received £70,258 for servlces provided to the companyi and benefited from the use of a pitch at the Hollies Caravan Park worth approximately £3,000 pa. Rlchard Weekes received remuneration of £33,78712024.. £58,063) for his role as Secrelary of St Herman5 E5tat@ Co Limited. Pavl Barker was pald £22,755 for consu5tancy by St Hermans Estate Co Llrnited during the yÈar. Helen Spinner purchased a caravan for £1,400 during the year. The net botsk value of the caravan was £105,000 however the tompany needed to remove it from the slte and if it had not been sold. would have needed to be scrapped at a cost of £2-£4,000 to the company. 17. Ultimate parent undertaking The ultlmate contiollir)g party are the Board of Trustee5. Page 19