2023-12-31-accounts - The Cambodian Childrens Charity

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Registered Charity Number: 1116862

Trustees’ Report and Financial Statements For The Year Ended 31 December 2023

26 Kenilworth Avenue London SW19 7LW 020 8947 7144 contact@camkids.org www.camkids.org

The Cambodian Children’s Charity Registered Charity Number: 1116862

Trustees Report and Financial Statements Year Ended 31 December 2023

Index

	Page
Legal and administrative information	1
Report of the Trustees	2 - 8
Report of the independent examiner	9
Statement of financial activities	10
Balance sheet	11
Notes to the financial statements	12 - 16

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The Cambodian Children’s Charity Registered Charity Number: 1116862

Trustees’ Report and Financial Statements

For the Year Ended 31 December 2023

Legal and administrative information

Name of Charity: The Cambodian Children’s Charity Working Name*: CamKids Charity Registration Number: 1116862 Principal Address: 26 Kenilworth Avenue SW19 7LW Telephone: 020 8947 7144 E-mail: finance@camkids.org Website: www.camkids.org Trustees: Mrs J Purser Mr D Sharpe Mrs B Sharpe Mr A Purser Mrs S Walter Bankers: UK: National Westminster Bank Plc 16 Wimbledon Hill Road London SW19 7ZD Cambodia: Sathapana Bank 83 Norodom Boulevard Phnom Penh ABA Bank 148 Preah Sihanouk Boulevard Phnom Penh Neil McCann

Independent Examiner:

*The name ‘CamKids’ is registered as the Charity’s working name with the Charity Commission and the Charity’s bankers.

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Page 1

The Cambodian Children’s Charity Registered Charity Number: 1116862

Trustees’ Report and Financial Statements

For the Year Ended 31 December 2023

Report of the Trustees

The Trustees present their report along with the financial statements of the Charity for the year ended 31 December 2023.

The Cambodian Children’s Charity is an international non-governmental, non-political, non-religious charity. It is constituted under a Trust Deed dated 19 October 2006 and is registered with the Charity Commission under registration number 1116862. The legal and administrative information set out on page 1 forms part of this report.

The financial statements have been prepared on the basis of the accounting policies set out in note 1 to the financial statements and the Trustees confirm they comply with the requirements of the Charities Act 2011, the Charity’s Trust Deed and the Charities SORP (FRS102).

Structure, governance and management

The Trustees who held office during the financial period and at the date of this report are noted on page 1.

The Charity is wholly administered by its Trustees, none of whom receive any remuneration or compensation for costs incurred in performing their duties. The Trustees meet at least four times per year, in person or online. The day-to-day administration of the Charity is managed by Joanna Purser in the UK and Dominic and Benita Sharpe in Cambodia. The Charity does not employ any UK based or expatriate staff and all volunteers are required to meet their own expenses.

Trustee recruitment, induction and training

The Trustees have the power to appoint new Trustees by a resolution passed at a special meeting of the Trustees. According to the Trust Deed, all Trustees are appointed for a term of 5 years. New Trustees are nominated by existing Trustees and appointed on the basis of a unanimous decision of the Trustees, following an assessment of whether they have the necessary skills to contribute to the Charity’s management and development. A suitable candidate may be invited to observe a Trustee meeting prior to taking up any appointment.

Trustees are provided with information covering such topics as legal status and governance, structure, finances and policies (including Child Protection and Volunteer Code of Conduct).

Trustees are encouraged to visit the projects in Cambodia at least every 2 years where this is possible. Currently, there is no on-going training policy in place for Trustees as the Charity is not seeking any new Trustees.

Objectives of the Charity

The objectives of the Charity, as set out in the Charity’s Trust Deed, in the period under review were:

To promote any charitable purpose for the benefit of the poor people of Cambodia including but not limited to:

1 The relief of poverty;
2 The advancement of education of individuals and communities in Cambodia and support for the training and good practice of their teachers;

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Page 2

The Cambodian Children’s Charity Registered Charity Number: 1116862

Trustees’ Report and Financial Statements

For the Year Ended 31 December 2023

3 The promotion of health, through education and access to medical facilities;
4 The provision of recreational facilities for the benefit of individuals or communities who, by reason of poverty or social and economic circumstances, may not have the opportunity to enjoy them;
5 The support of children and young people who have been abandoned or have been the victims of abuse;
6 The support of mothers and expectant mothers who have been the victims of abuse or who are unable to support their children;
7 The provision of funding and support for other organisations which give help to people suffering hardship in Cambodia; and
8 To pursue other charitable purposes which may benefit poor individuals or communities in Cambodia.

During the period, the Charity continued to fund its MEND projects at Chbar Chross, Kampong Speu, and made financial grants to other charitable organisations operating in Cambodia. The Trustees have therefore complied with their obligation to exercise their powers and duties for public benefit.

Review of activities, achievements and performance

In 2023 the World Bank projected that Cambodia’s economic growth was expected to marginally improve, driven mainly by a revival of services and goods exports. The scale-up of social assistance to poor and vulnerable households, launched in June 2020, has moderated income losses but poverty nevertheless remains higher than pre-pandemic levels but is expected to decline due to the projected economic recovery and moderating inflation.

Cambodia has made considerable strides in improving health outcomes, early childhood development, and primary education. Life expectancy at birth and under-five, and infant mortality rates have been improved significantly between 2000 and 2021. Despite this progress there is still great need particularly for Cambodian students to have access to foundational skills in literacy and numeracy something CamKids is providing at our Chbar Chross Community (CCC) primary school.

The Charity’s activities are concentrated on CCC and related MEND projects in Kampong Speu Province. Our efforts were focused on maintaining the quality of education, health and opportunities for the children and the villagers supported by these projects.

CamKids’ regular public donor base remains relatively stable and the website has bought in several new regular donors, and we received several generous one off donations. The Charity received a large donation from a family trust and the Charity continues to receive funds from a private foundation.

Two of the Charity’s Trustees continue to live in Phnom Penh and oversee the management of our projects.

Project MEND – Chbar Chross Community School

CamKids has brought together all its experience with education, medical and other community work into a single coordinated initiative, which we call “MEND” - Medical, Education, Nutrition, Development . We continue to believe that this is the most efficient way of providing a steppingstone towards a healthier, brighter and more prosperous future for disadvantaged Cambodian children, their families and communities.

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Page 3

The Cambodian Children’s Charity Registered Charity Number: 1116862

Trustees’ Report and Financial Statements

For the Year Ended 31 December 2023

The MEND project started in 2012 in rural Kampong Speu and is based around CCC School. It includes outreach projects providing medical and dental services, study materials and educational support for students leaving primary education. These projects have contributed directly and indirectly in benefiting many children and adults in Kampong Speu province.

Early in the year we started building the much needed additional two classrooms at CCC, something we have been planning for several years. The project was made possible by the very generous support of Sam and Claire Kroonenburg and their family foundation. The classrooms were completed in August. This meant that the vacated space at the school could be used to accommodate our library.

CamKids’ medical clinic, next to CCC School, provided basic medical and maternity care to the students and their families in the local communities of Chbar Chross, Tropaing Mean and Ta Ngov. Our resident nurse Kim Lang is an important support and resource for the community, and we continue to see an increase in the use of her services particularly by adults in the community.

Our medical and dental partner One-2-One made several visits over the year to carry out our medical and dental program, providing essential medical treatment, dental check-ups and primary health care. A total of 468 people were seen by the medical team and over 2,400 students received 3 levels of the healthy kids dental program. All students are provided with toothbrushes, toothpaste and soap and given information on oral and personal hygiene. Education on healthy eating and exercise habits remain a key aspect of this work.

The academic year ran from 2[nd] January 2023 to 17[th] November 2023 and there were 362 students enrolled – 175 boys and 187 girls. An additional 160 CCC graduates were sponsored to attend government secondary schools – all received education supplies two sets of uniform and 22 students received bikes for travel to school. The average attendance rate is 95.24% and students achieved a pass rate of 94.21% on their school tests. CCC employs 14 staff to operate the school, all of whom are Cambodian.

As well as the state academic programs CamKids provided additional tuition in English, Art and Computer classes. A total of 131 children from CCC and the local Chanthnal High school attend the English classes.

Computer classes continued during the year, taught by five senior students and Sophak, the CamKids project manager. We had 72 students attending these classes over the year.

As part of its school program CamKids provides uniforms to all students. All these uniforms and supplies are ordered in October ready for the new school year in January.

The school was visited again by H.E Nak Sarkirin from the Government educational support team of Krang Chek. His Excellency kindly donated educational supplies to our students. It is important to receive this, ongoing support and maintain good relations with the local educational authorities.

We were also pleased to receive a donation of school supplies from Kelly and Stephen Kong, who visited with their family to make the donation.

Early in 2023 CamKids Sponsorship Coordinator Matt Brown visited CCC with his family to review the project and to distribute educational supplies to our sponsored students moving on to secondary education. Over the year we had several new volunteers visit the school and return visits from long term supporters of CamKids. All bought new energy and experiences to our students and were

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Page 4

The Cambodian Children’s Charity Registered Charity Number: 1116862

Trustees’ Report and Financial Statements

For the Year Ended 31 December 2023

particularly involved with our English and Computer classes. Having volunteers at the school provides an extra dimension to our students learning and are a very valuable experience for both.

The Savings Group that CamKids introduced continues to thrive and give financial support to the whole community. CamKids acts in an advisory capacity only. This has become a major development initiative completely owned and run by the local community.

Other Projects

The mobile medical and dental teams that we fund through a generous donation from the Marshall Foundation, a UK based foundation continued to provide clinics to the two poor urban communities in Phnom Penh at Canal Side and Ptesh Leu Teak (House above the Water). Canal Side is a community of 430 families with HAW comprising 283 families. These two communities have a total of 3,283 people living in them. The team has built a good relationship with the communities and during the first six months of the year, over 1,733 individuals benefited from the medical, maternal and nursing health checks, training and treatment provided by the team.

CamKids continues to offer its funds collection and disbursement facilities in the UK, to Kais Village Orphanage, as well as Empowering Youth in Cambodia, Reasonable Cause and HVTO.

Voluntary help and gifts in kind

The Trustees are very grateful to the volunteers and friends of the Charity who performed services for the Charity free of charge, carried out fund-raising on the Charity’s behalf or donated their time, which has enabled the Charity to remain true to its original philosophy and continue to operate with no foreign or expatriate overhead costs.

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Page 5

The Cambodian Children’s Charity Registered Charity Number: 1116862

Trustees’ Report and Financial Statements

For the Year Ended 31 December 2023

Financial review

All the income of the Charity arose as the result of direct financial donations from the public and private charitable funding organisations.

During the year, the Charity raised a total of £147,330 for its charitable purposes which has all been received as direct donations from the general public and funding organisations. The Charity has no fundraising, marketing or out of country overhead or administration costs, as the Charity’s necessary costs are met by the Trustees, volunteers or friends of the Charity. The Charity had a net interest expense (net of payment collection charges and foreign exchange costs) of £3,518.

The Charity made grants to beneficiaries in the period of £142,866, leaving a net surplus of £946. The Charity had brought forward reserves of £199,236 and the funds carried forward were £200,182.

Reserves policy and risk management

The Charity is required to account for all donated funds according to whether they are for general purposes in furtherance of the Charity's objects (“Unrestricted Funds”), or specifically given for a particular project or purpose, but still within the wider objects of the Charity (“Restricted Funds”). As at 31 December 2023, the Restricted Funds of the Charity amounted to £3,399.

All interest received and finance costs are credited or charged to Unrestricted Funds, which have not been designated to a project (“General Funds”).

In order to ensure that the Charity is able to function properly and continue to meet its ongoing capital and revenue commitments for the projects it supports, the Trustees maintain a certain level of reserves, by setting aside cash or other current assets at the end of the year.

The Trustees have reviewed the Charity’s need for reserves in line with the guidance issued by the Charity Commission.

The Charity holds reserves for the following reasons:

to cover the future cost of capital commitments already entered into or under negotiation (unless funded by committed revenue pledges).
to cover the future running costs of each project for a period of at least one year;
as protection to enable the Charity to continue operating despite catastrophic or less damaging events; and
to provide funds which can be designated to specific projects at short term notice.

This figure is reviewed by the Trustees and is calculated after considering committed funding from regular donors or funding organisations. The Charity’s total Unrestricted Funds at 31 December 2023 were £196,783, which meant that the estimated reserves requirement was covered in full, with a healthy margin to cover new projects undertaken by the Charity in 2024 and for working capital purposes. In addition, a conservative attitude to future income streams has been taken but the Trustees keep the level of reserves under regular scrutiny and review.

The Trustees of the Charity consider risk management to be of great importance. The Charity has always considered the risks inherent in their activities and this consideration forms an important part of the planning and decision-making process.

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Page 6

The Cambodian Children’s Charity Registered Charity Number: 1116862

Trustees’ Report and Financial Statements

For the Year Ended 31 December 2023

Future plans

The Charity will continue to focus on its MEND project in Kampong Speu Province. We will continue to offer our funds collection and disbursement system to other organisations working in Cambodia which share the vision and objectives of the Charity and who can demonstrate an appropriate level of corporate governance.

Our Child Sponsorship programme is dedicated solely to cover students at CCC school, and we are promoting our GRADE programme, to support leavers from CCC school, by pairing a class or grade in Cambodia with a specific school or other institutional donor. Our sponsorship program includes supporting students requiring assistance to attend a university program.

Having finished the building of the two classrooms to complete our school accommodation, we now plan to upgrade our existing facilities to include a new toilet block and to build a sports playing field with simple covered seating. The intention is that this sports facility will also be available to the community to use. The land for these projects is available within the school grounds. The toilet block is the priority project and we will be looking at possibly using reserves to build the block. We hope to finalise these arrangements and begin building in 2024. CamKids will look to get more of our programmes funded by sponsorship or regular project-specific donations. The Trustees will still consider providing small grants or donations of food, medical or other essential supplies to other local NGOs to meet emergency medical and nutritional needs.

Statement of Trustees' responsibilities in relation to the financial statements

Charity law requires the Trustees to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the Charity and its financial activities for that period. In preparing those financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
make judgments and estimates that are reasonable and prudent;
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operational existence.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. 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.

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Page 7

The Cambodian Children’s Charity Registered Charity Number: 1116862

Trustees’ Report and Financial Statements

For the Year Ended 31 December 2023

Independent Examiner

The Trustees intend to ask Neil McCann to undertake the independent examination of the Charity in the following year.

Signed on behalf of the Trustees.

J Purser

Joanna Purser LLB

Trustee

31 October 2024

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Page 8

The Cambodian Children’s Charity Registered Charity Number: 1116862

Trustees’ Report and Financial Statements

For the Year Ended 31 December 2023

Independent examiner’s Report to the Trustees of The Cambodian Children’s Charity

I report on the financial statements of the Charity for the year ended 31 December 2023, which are set out on pages 10 to 16.

Respective responsibilities of Trustees and examiner

The Charity’s Trustees are responsible for the preparation of the financial statements. The Charity’s Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

examine the financial statements under section 145 of the 2011 Act;
to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’, and the report is limited to those matters set out in the next statement.

Independent examiner’s statement

During my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act; and
to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

N McCann

Neil McCann

Date: 31 October 2024

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Page 9

The Cambodian Children’s Charity Registered Charity Number: 1116862

Trustees’ Report and Financial Statements

For the Year Ended 31 December 2023

Statement of Financial Activities (incorporating an income and expenditure account)

For the Year Ended 31 December 2023

Note Incoming resources from generated funds Voluntary income: Donations 2 Activities for generating funds: Events 3 Net finance income 4 Total incoming resources Less: Cost of generating funds Fundraising: Events 3 Total costs of generating funds Net incoming resources available for charitable activities Charitable activities: 5,6 Net finance expense 4 Net incoming / (outgoing) resources Total funds brought forward Total funds carried forward	Unrestricted Restricted 2023 2022 Funds Funds Total Total £ £ £ £ 136,950 10,380 147,330 100,540 0 0 0 0 0 0 0 4,226
	136,950 10,380 147,330 104,766
	0 0 0 0
	0 0 0 0
	136,950 10,380 147,330 104,766 (133,746) (9,120)(142,866) (96,049) (3,518) 0 (3,518) 0
	(314) 1,260 946 8,717 197,097 2,139 199,236 190,519
	196,783 3,399 200,182 199,236

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Page 10

The Cambodian Children’s Charity Registered Charity Number: 1116862

Trustees’ Report and Financial Statements

For the Year Ended 31 December 2023

Balance Sheet

As at 31 December 2023

Note Current assets Stock 9 Debtors 10 Cash at bank and in hand 11 Net current assets Net assets Unrestricted funds General funds 12 Restricted funds 12 Total funds 12	2023 2022 £ £ 250 250 14,539 20,592 185,393 178,394
	200,182 199,236

	200,182 199,236
	196,783 197,097 3,399 2,139
	200,182 199,236

The financial statements on pages 10 to 16 were approved by the Trustees on 31 October 2024 and signed on their behalf by:

J Purser

Joanna Purser LLB

Trustee

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Page 11

The Cambodian Children’s Charity Registered Charity Number: 1116862

Trustees’ Report and Financial Statements For the Year Ended 31 December 2023

Notes to the financial statements

1 Accounting policies

The financial statements have been prepared under the historic cost convention and in accordance with applicable accounting standards, the Statement of Recommended Practice "Accounting and Reporting by Charities" (FRS 102) and comply with the Charities (Accounts and Reports) Regulations issued under the Charities Act 2011. The Charity has also opted to

Incoming resources

Recognition of incoming resources

These are included in the Statement of Financial Activities (SoFA) when:

the Charity becomes entitled to the resources;
the Trustees are virtually certain they will receive the resources; and
the monetary value can be measured with sufficient reliability

Donations and grants received

Donations and grants are only included in the SoFA when the Charity has unconditional entitlement to the resources.

Investment income

This is included in the financial statements when receivable and is gross of tax.

Expenditure and liabilities

Expenditure, which is charged on an accrual basis, is allocated between:

expenditure incurred directly in the effort to raise voluntary contributions (costs of generating funds); and
expenditure incurred directly to the fulfilment of the Charity's objectives (costs in the furtherance of charitable activities)

Irrecoverable VAT is charged to the SoFA as incurred.

Governance costs

Trustees do not receive any remuneration or compensation for costs incurred in performing their duties and are required to meet their own expenses of attending trustee meetings or visiting projects or beneficiaries in Cambodia. In addition, the costs of the preparation and examination of the statutory accounts and the cost of any legal advice to the Charity or to the Trustees on governance or constitutional matters is provided free of charge by supporters of the Charity. Therefore, the Charity does not incur any governance costs.

Administration and other costs

Wherever possible, the Charity seeks to obtain willing donors or supporters to provide materials or services to the Charity, free of charge. This includes the cost of designing and hosting the Charity’s website, the design and printing of leaflets, banners and other publicity materials, postage and communication costs and the financial and general administration of the Charity. The cost of providing such services is not included in the financial statements as a cost or benefit in kind.

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Page 12

The Cambodian Children’s Charity Registered Charity Number: 1116862

Trustees’ Report and Financial Statements For the Year Ended 31 December 2023

Grants payable.

These are only recognised in the financial statements once the Charity has made an unconditional commitment to pay the grant and this is communicated to the beneficiary or the grant has been paid, whichever is the earlier. The Charity has not made any grant commitments of more than one year.

Liability recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out resources.

Foreign currency

Foreign exchange funding transactions are translated at the exchange rate at the date of the transaction. All other transactions denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. The resulting gain or loss is dealt with in the SoFA.

Fund accounting

Restricted funds are funds that can only be used for particular restricted purposes within the objects of the Charity. They are incoming resources on which the donor has laid down conditions relating to the expenditure thereon or when funds are donated for a particular beneficiary and the Charity has no discretion or control over the use of those funds.

Unrestricted general funds represent incoming resources on which there is no restriction but may be designated by the Trustees for a particular project or area of charitable activity or where the Charity has secured funding for one of its existing projects from a funding organisation.

Further explanation and analysis of the Charity’s Designated and Restricted Funds is provided in notes 12 and 13 to the financial statements.

Gift aid reclaimable on donations is included with the amount received and, where applicable, credited to the relevant designated or restricted fund.

Taxation

The Charity is exempt from taxation on its income and gains where they are applied for charitable purposes.

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Page 13

The Cambodian Children’s Charity Registered Charity Number: 1116862

Trustees’ Report and Financial Statements

For the Year Ended 31 December 2023

2 Voluntary income for the year falls into the following categories:

Donations Regular Donations Funding Organisations Single Donations and Appeals	2023 2022 Unrestricted Restricted Total Total £ £ £ £ 39,321 10,380 49,701 50,977 29,244 0 29,244 0 68,385 0 68,385 49,563
	136,950 10,380 147,330 100,540

3 Activities for generating funds

During the period, there were no funds raised through organised events (2023: £nil)

4 Net finance (expense) / income

The net finance (expense) / income of the Charity can be analysed as follows:

Interest received Charges levied on credit card donations Foreign exchange and other charges	2023 2022 Total Total £ £ 3,085 1,059 (216) (610) (6,387) 3,777
	(3,518) 4,226

5 Details of Charitable activities

The amount spent on charitable activities as follows:

			2023	2022
	Unrestricted	Restricted	Total	Total
	£	£	£	£
Charitable expenses	133,746	9,120	142,866	96,049

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The Cambodian Children’s Charity Registered Charity Number: 1116862

Trustees’ Report and Financial Statements For the Year Ended 31 December 2023

6 Grants paid in 2023

Chbar Chross Community Who Will Children's Village Kais Village Orphanage Empowering Youth Cambodia New Futures Organisation One-2-One Charitable Trust	2023 2022 104,460 58,871 1,262 1,356 459 493 7,112 7,645 287 230 29,286 27,454
	142,866 96,049

7 Employee costs:

The Charity has no UK based employees, and no payments were made to any trustees or volunteers. Payments in 2023 to local staff (all Cambodian nationals) including teachers at CCC School, amounted to £ 35,489 (2022: £35,915).

8 Trustees’ remuneration and related party transactions

None of the Trustees was paid any remuneration by the Charity during the period. The Charity did not conclude any contracts or enter any financial transactions with the Trustees or related parties.

9 Stocks

This comprises T-shirts purchased for sponsored events or re-sale at future events.

10 Debtors

This represents Gift Aid reclaimable from the UK Government on donations by qualifying UK taxpayers.

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The Cambodian Children’s Charity Registered Charity Number: 1116862

Trustees’ Report and Financial Statements For the Year Ended 31 December 2023

11 Cash at bank and in hand

Short term interest bearing deposits Bank balances including petty cash	2023 2022 £ £ 159,414 117,041 25,979 61,353
	185,393 178,394

12 Movement on Restricted and Unrestricted Funds

Restricted Funds Unrestricted Funds	Opening balance Incoming Resources Charitable / Other Expenditure Balance 2023 £ £ £ £ 2,139 10,380 (9,120) 3,399 197,097 136,950 (137,264) 196,783
	199,236 147,330 (146,384) 200,182

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