REGISTERED COMPANY NUMBER: 06378349 (England and Wales) REGISTERED CHARITY NUMBER: 1121919
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2021
for
Caris Camden
Maddox & Maddox Limited
9 Commercial Yard Barnard Castle Co. Durham CR6 9LW
Doc ID: aef18ba20d598e5225160e949da440d7b6951a16
Caris Camden
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 to 7 |
| Notes to the Financial Statements | 8 to 15 |
| Detailed Statement of Financial Activities | 16 |
Doc ID: aef18ba20d598e5225160e949da440d7b6951a16
Caris Camden
Report of the Trustees for the Year Ended 31 December 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Charity's aims
The Charity’s object is to promote charitable purposes for the benefit of the community in the London Borough of Camden and in surrounding or adjacent areas, including assisting the homeless and parents and children in need. It does so by arranging after school and homework clubs for children living in temporary accommodation, by arranging enrichment activities (outings and trips) for those children and their families and by advocating for them.
Significant activities
During 2020 our service delivery in the London Borough of Camden was adversely impacted by the Covid-19 Pandemic. Camden Council closed all of its family hostels which rendered our services temporarily unrequired.
During 2020 we began talks with several London Boroughs with a view to us working with their families in temporary accommodation. Our talks with Hackney were extremely positive. It is a borough with ten times as many families and individuals experiencing homelessness and correspondingly more temporary accommodation and hostel life, than Camden.
The impact of Covid and the subsequent lock down made for another challenging year for Caris Camden Families in 2021, however thanks to the dedication and determination of our staff team and trustees we began operating our services in the London Borough of Hackney in September 2021.
We’d like to extend our personal thanks to Hackney Council’s staff team for welcoming our services and team into their hostels.
With the delivery commencing in September 2021, the performance statistics reflect only four months of delivery. The Trustees are aware of the Charity Commission’s guidance on public benefit and are confident that their activities do indeed provide tangible benefit the public, especially in the London Boroughs of Hackney and Camden. In 2021 we supported 102 children and 82 adults all of whom were living in temporary accommodation within the three main hostels that we currently serve in Hackney. These hostels are Royal Park, Manor House and Ivy House Hostels. We also supported many families with move on grants and holiday vouchers as part of our services during 2021.
In addition, during 2021 we ran a highly successful trustee recruitment campaign and I am hugely grateful to my fellow trustees who bring lived experience of family homelessness and a breadth of excellent skills, experiences and commitment to providing the best possible services to families living in hostels in both Camden and Hackney.
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Caris Camden
Report of the Trustees for the Year Ended 31 December 2021
ACHIEVEMENT AND PERFORMANCE
Financials
These 2021 accounts for Caris Camden Families represents our first full accounts as Caris Camden without any of the finances associated to the our sister Charity C4WS, who we separated from to enable both organisations to continue to develop, both have distinct activities related to two different projects:
C4WS which runs a winter night shelter and ancillary services for the homeless and
CCF (Caris Camden Families) which runs after school clubs and other services for families in Camden and Hackney.
The Charity’s endowment funds grew by £252,079 to £1,933.040, but this was a period of fluctuation in the stock market. The fund produced income of £63,846 (2020 £63,935). Being an endowment fund we are not able to spend the capital and it does not count as a reserve. Our investment policy is to prioritise income.
The £47,940 of accumulated income in excess of expenditure is the Charity’s only reserve and we are seeking funds to increase this to a more sustainable level. We are grateful in particular to the Two Magpies Fund which paid the cost of the Service Manager’s salary. We always expected to resume charitable activities during the lockdowns occasioned by the pandemic and our staff furloughed then, and paid for largely by the government, are now back delivering our services in Hackney.
As Chair I’d like to thank our dedicated staff team for their drive and adaptability during this transitional period. Our hope, and expectation is that in 2022 we can once again reintroduce our service delivery in Camden.
I’d also like to thank our long-standing funding partners who have stood with us and maintained their support for our charity during the last few years of significant challenges as we have overcome the Covid-19 pandemic
STRUCTURE, GOVERNANCE AND MANAGEMENT
As a company limited by guarantee, the Charity’s governing documents are its Memorandum and Articles of Association. In 2021 the Charity adopted the working name “Caris Families”, reflecting the fact that it did not work exclusively in the London Borough of Camden.
The Charity is governed by a board of Trustees who are its directors and also its members. They meet about four times each year and also deal with more urgent business by email. New trustees are appointed by the board of Trustees with the exception of two who may be nominated, one by the Camden Deanery Synod (none has in fact been appointed by the Synod).
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06378349 (England and Wales)
Registered Charity number
1121919
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Caris Camden
Report of the Trustees
for the Year Ended 31 December 2021
Registered office
St Pancras Church House Lancing Street London NW1 1NA
Trustees
J G Browne Accountant H L Y Funtua Broadcaster (appointed 11.11.21) Ms F R Mcleod Charity Worker (appointed 11.11.21) Ms F M Newbigin Charity Executive (appointed 11.11.21) A H Penny Solicitor Ms A C F Penny Charity Executive Ms S M Seymour Retired (appointed 25.1.21) J I Storey Hr Executive (appointed 25.1.21) Ms M E E S Yamadjako Banker (appointed 11.11.21) Ms J A Hinde (resigned 14.7.21)
Company Secretary
A H Penny
Independent Examiner
Maddox & Maddox Limited 9 Commercial Yard Barnard Castle Co. Durham CR6 9LW
Approved by order of the board of trustees on 9 June 2022 and signed on its behalf by:
A H Penny - Trustee
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Independent Examiner's Report to the Trustees of Caris Camden
Independent examiner's report to the trustees of Caris Camden ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Simon Maddox FCCA Maddox & Maddox Limited 9 Commercial Yard Barnard Castle Co. Durham CR6 9LW
9 June 2022
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Caris Camden
Statement of Financial Activities for the Year Ended 31 December 2021
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies - 37,776 Investment income 2 - 63,846 Other income - 24,743 Total - 126,365 EXPENDITURE ON Charitable activities Hardship & C4WS - - Caris Families - 138,531 Other - - Total - 138,531 Net gains on investments - 1,818 NET INCOME/(EXPENDITURE) - (10,348) RECONCILIATION OF FUNDS Total funds brought forward 90 58,288 TOTAL FUNDS CARRIED FORWARD 90 47,940 |
31.12.21 Endowment Total fund funds £ £ - 37,776 - 63,846 - 24,743 - 126,365 - - - 138,531 - - - 138,531 252,079 253,897 252,079 241,731 1,682,961 1,741,339 1,935,040 1,983,070 |
31.12.20 Total funds £ 255,750 63,935 - 319,685 382,858 210,693 4,006 597,557 102,231 (175,641) 1,916,980 1,741,339 |
|---|---|---|
The notes form part of these financial statements
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Caris Camden
Balance Sheet 31 December 2021
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 6 - 1,427 CURRENT ASSETS Debtors 7 - - Investments 8 - 14,568 Cash at bank 90 66,148 90 80,716 CREDITORS Amounts falling due within one year 9 - (34,203) NET CURRENT ASSETS 90 46,513 TOTAL ASSETS LESS CURRENT LIABILITIES 90 47,940 CREDITORS Amounts falling due after more than one year 10 - - NET ASSETS 90 47,940 FUNDS 12 Unrestricted funds Restricted funds Endowment funds TOTAL FUNDS |
31.12.21 Endowment Total fund funds £ £ - 1,427 - - 1,923,094 1,937,662 11,946 78,184 1,935,040 2,015,846 - (34,203) 1,935,040 1,981,643 1,935,040 1,983,070 - - 1,935,040 1,983,070 90 47,940 1,935,040 1,983,070 |
31.12.20 Total funds £ - 1,154 1,683,766 98,634 1,783,554 (32,539) 1,751,015 1,751,015 (9,676) 1,741,339 90 58,288 1,682,961 1,741,339 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
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Caris Camden
Balance Sheet - continued 31 December 2021
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 9 June 2022 and were signed on its behalf by:
A H Penny - Trustee
The notes form part of these financial statements
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Caris Camden
Notes to the Financial Statements for the Year Ended 31 December 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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Caris Camden
Notes to the Financial Statements - continued for the Year Ended 31 December 2021
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.21 | 31.12.20 | |
| £ | £ | |
| Trust Income | 63,846 | 63,935 |
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.12.21 | 31.12.20 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 703 | - |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Charitable activities Hardship & C4WS Caris Families |
Unrestricted Restricted fund fund £ £ - 255,750 - 63,935 - 319,685 - 382,858 - 210,693 |
Endowment Total fund funds £ £ - 255,750 - 63,935 - 319,685 - 382,858 - 210,693 |
Endowment Total fund funds £ £ - 255,750 - 63,935 - 319,685 - 382,858 - 210,693 |
|---|---|---|---|
| 319,685 382,858 210,693 |
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Notes to the Financial Statements - continued for the Year Ended 31 December 2021
| 5. | COMPARATIVES FOR THE STATEMENT | OF FINANCIAL ACTIVITIES - continued | OF FINANCIAL ACTIVITIES - continued | OF FINANCIAL ACTIVITIES - continued | OF FINANCIAL ACTIVITIES - continued | OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||||
| fund | fund | fund | funds | ||||
| £ | £ | £ | £ | ||||
| Other | - | 4,006 | - | 4,006 | |||
| Total | - | 597,557 | - | 597,557 | |||
| Net gains/(losses) on investments | - | (678) | 102,909 | 102,231 | |||
| NET INCOME/(EXPENDITURE) | - | (278,550) | 102,909 | (175,641) | |||
| RECONCILIATION OF FUNDS | |||||||
| Total funds brought forward | 90 | 336,838 | 1,580,052 | 1,916,980 | |||
| TOTAL FUNDS CARRIED FORWARD | 90 | 58,288 | 1,682,961 | 1,741,339 | |||
| 6. | TANGIBLE FIXED ASSETS | ||||||
| Computer | |||||||
| equipment | |||||||
| £ | |||||||
| COST | |||||||
| Additions | 2,130 | ||||||
| DEPRECIATION | |||||||
| Charge for year | 703 | ||||||
| NET BOOK VALUE | |||||||
| At 31 December 2021 | 1,427 | ||||||
| At 31 December 2020 | - |
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Notes to the Financial Statements - continued for the Year Ended 31 December 2021
| 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.21 £ Prepayments - 8. CURRENT ASSET INVESTMENTS 31.12.21 £ Unlisted investments 1,937,662 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.21 £ Other loans (see note 11) 8,952 Accruals and deferred income 20,418 Accrued expenses 4,833 34,203 10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 31.12.21 £ Other loans (see note 11) - 11. LOANS An analysis of the maturity of loans is given below: 31.12.21 £ Amounts falling due within one year on demand: Other loans 8,952 Amounts falling between one and two years: Other loans - 1-2 years - Amounts falling due between two and five years: Other loans - 2-5 years - |
31.12.20 £ 1,154 31.12.20 £ 1,683,766 |
31.12.20 £ 1,154 31.12.20 £ 1,683,766 |
|---|---|---|
| 31.12.20 £ 8,233 22,706 1,600 32,539 31.12.20 £ 9,676 31.12.20 £ 8,233 8,902 774 |
||
| 8,902 | ||
| 774 |
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Notes to the Financial Statements - continued for the Year Ended 31 December 2021
12. MOVEMENT IN FUNDS
| At 1.1.21 £ Unrestricted funds General fund 90 Restricted funds Restricted 58,288 Endowment funds Endowment 1,682,961 TOTAL FUNDS 1,741,339 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Restricted funds Restricted 126,365 (138,531) Endowment funds Endowment - - TOTAL FUNDS 126,365 (138,531) |
Net movement in funds £ - (10,348) 252,079 241,731 Gains and losses £ 1,818 252,079 253,897 |
At 31.12.21 £ 90 47,940 1,935,040 1,983,070 Movement in funds £ (10,348) 252,079 241,731 |
|
|---|---|---|---|
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Notes to the Financial Statements - continued for the Year Ended 31 December 2021
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.1.20 in funds £ £ Unrestricted funds General fund 90 - Restricted funds Restricted 336,838 (278,550) Endowment funds Endowment 1,580,052 102,909 TOTAL FUNDS 1,916,980 (175,641) Comparative net movement in funds, included in the above are as follows: Incoming Resources Gains and resources expended losses £ £ £ Restricted funds Restricted 319,685 (597,557) (678) Endowment funds Endowment - - 102,909 TOTAL FUNDS 319,685 (597,557) 102,231 |
At 31.12.20 £ 90 58,288 1,682,961 1,741,339 Movement in funds £ (278,550) 102,909 (175,641) |
|---|---|
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Notes to the Financial Statements - continued for the Year Ended 31 December 2021
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted Endowment funds Endowment TOTAL FUNDS |
At 1.1.20 £ 90 336,838 1,580,052 1,916,980 |
Net movement in funds £ - (288,898) 354,988 66,090 |
At 31.12.21 £ 90 47,940 1,935,040 |
|---|---|---|---|
| 1,983,070 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Restricted funds Restricted Endowment funds Endowment TOTAL FUNDS |
Incoming resources £ 446,050 - 446,050 |
Resources expended £ (736,088) - (736,088) |
Gains and losses £ 1,140 354,988 356,128 |
Movement in funds £ (288,898) 354,988 66,090 |
|---|---|---|---|---|
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Notes to the Financial Statements - continued for the Year Ended 31 December 2021
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
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| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 December 2021 | ||
| 31.12.21 | 31.12.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 37,776 | 255,750 |
| Investment income | ||
| Trust Income | 63,846 | 63,935 |
| Other income | ||
| Job retention scheme grant | 24,743 | - |
| Total incoming resources | 126,365 | 319,685 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 101,480 | 123,631 |
| Social security | 5,131 | 10,780 |
| Pensions | 6,089 | 9,296 |
| Charitable Activities | 21,898 | 66,986 |
| Computer equipment | 703 | - |
| Grants to institutions | - | 382,858 |
| 135,301 | 593,551 | |
| Support costs | ||
| Finance | ||
| Interest payable | 1,167 | 1,714 |
| Governance costs | ||
| Accountancy and legal fees | 2,063 | 2,292 |
| Total resources expended | 138,531 | 597,557 |
| Net expenditure | (12,166) | (277,872) |
This page does not form part of the statutory financial statements
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Audit trail
TITLE Caris Camden 2021 Accounts for signature FILE NAME CARIS-Charities report - 31.12.2021.PDF DOCUMENT ID aef18ba20d598e5225160e949da440d7b6951a16 AUDIT TRAIL DATE FORMAT MM / DD / YYYY STATUS Signed
06 / 20 / 2022 Sent for signature to Andrew Penny 14:45:43 UTC (andrewpenny1955@gmail.com) and Simon Maddox (simon@maddoxandmaddox.co.uk) from info@dottodottraining.co.uk IP: 86.178.17.3 06 / 20 / 2022 Viewed by Simon Maddox (simon@maddoxandmaddox.co.uk) 14:49:45 UTC IP: 79.79.132.222 06 / 20 / 2022 Viewed by Andrew Penny (andrewpenny1955@gmail.com) 14:50:39 UTC IP: 90.244.189.167 06 / 20 / 2022 Signed by Andrew Penny (andrewpenny1955@gmail.com) 14:52:55 UTC IP: 90.244.189.167 06 / 20 / 2022 Signed by Simon Maddox (simon@maddoxandmaddox.co.uk) 14:58:43 UTC IP: 79.79.132.222 06 / 20 / 2022 The document has been completed. 14:58:43 UTC