**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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (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