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 2022
for
Caris Camden
Doc ID: db1c807b32b8aae49e968d14be89d60fd9421d2b
Caris Camden
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 12 |
| Detailed Statement of Financial Activities | 13 |
Doc ID: db1c807b32b8aae49e968d14be89d60fd9421d2b
Caris Camden
Report of the Trustees for the Year Ended 31 December 2022
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 2022. 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
Objectives and 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.
ACHIEVEMENT AND PERFORMANCE
Financials
The Charity's endowment funds decreased by £252,645 to £1,682.395, but this was a period of fluctuation in the stock market. The fund produced income of £64,691 (2021 £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.
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 that the articles allow the North and South Camden Deaneries each to appoint one trustee (none has in fact been appointed by the Camden Deanery Synod).
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06378349 (England and Wales)
Registered Charity number
1121919
Registered office
St Pancras Church House Lancing Street London NW1 1NA
Page 1
Doc ID: db1c807b32b8aae49e968d14be89d60fd9421d2b
Caris Camden
Report of the Trustees
for the Year Ended 31 December 2022
Trustees
J G Browne H L Y Funtua F R Mcleod F M Newbigin A H Penny A C F Penny S M Seymour J I Storey M E E S Yamadjako
Company Secretary
A H Penny
31 / 03 / 2023
Approved by order of the board of trustees on ............................................. 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 2022.
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:
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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
31 / 03 / 2023 Date: .............................................
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Caris Camden
Statement of Financial Activities for the Year Ended 31 December 2022
| 31.12.22 Unrestricted Restricted Endowment Total fund fund fund funds Notes £ £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies - 127,465 - 127,465 Investment income 2 - 64,691 - 64,691 Other income - - - - Total - 192,156 - 192,156 EXPENDITURE ON Charitable activities Caris Families - 169,982 - 169,982 Net gains/(losses) on investments - (1,735) (252,645) (254,380) NET INCOME/(EXPENDITURE) - 20,439 (252,645) (232,206) RECONCILIATION OF FUNDS Total funds brought forward 90 47,940 1,935,040 1,983,070 TOTAL FUNDS CARRIED FORWARD 90 68,379 1,682,395 1,750,864 |
31.12.21 Total funds £ 37,776 63,846 24,743 |
|---|---|
| 126,365 | |
| 138,531 | |
| 253,897 | |
| 241,731 1,741,339 |
|
| 1,983,070 |
The notes form part of these financial statements
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Caris Camden
Balance Sheet 31 December 2022
| 31.12.22 Unrestricted Restricted Endowment Total fund fund fund funds Notes £ £ £ £ FIXED ASSETS Tangible assets 6 - 961 - 961 CURRENT ASSETS Debtors 7 - 1,130 - 1,130 Investments 8 - 12,833 1,670,449 1,683,282 Cash at bank 90 89,838 11,946 101,874 90 103,801 1,682,395 1,786,286 CREDITORS Amounts falling due within one year 9 - (36,383) - (36,383) NET CURRENT ASSETS 90 67,418 1,682,395 1,749,903 TOTAL ASSETS LESS CURRENT LIABILITIES 90 68,379 1,682,395 1,750,864 NET ASSETS 90 68,379 1,682,395 1,750,864 FUNDS 11 Unrestricted funds 90 Restricted funds 68,379 Endowment funds 1,682,395 TOTAL FUNDS 1,750,864 |
31.12.21 Total funds £ 1,427 - 1,937,662 78,184 2,015,846 (34,203) 1,981,643 1,983,070 1,983,070 90 47,940 1,935,040 1,983,070 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
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.
The notes form part of these financial statements
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Caris Camden
Balance Sheet - continued
31 December 2022
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 ............................................. and were signed on its behalf by: 04 / 03 / 2023
............................................. 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 2022
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
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.
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.
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Caris Camden
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Trust income | 64,591 | 63,846 |
| Interest receivable - trading | 100 | - |
| 64,691 | 63,846 |
3. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 820 | 703 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Other income Total EXPENDITURE ON Charitable activities Caris Families Net gains on investments NET INCOME/(EXPENDITURE) |
Unrestricted Restricted Endowment Total fund fund fund funds £ £ £ £ - 37,776 - 37,776 - 63,846 - 63,846 - 24,743 - 24,743 - 126,365 - 126,365 - 138,531 - 138,531 - 1,818 252,079 253,897 - (10,348) 252,079 241,731 |
Unrestricted Restricted Endowment Total fund fund fund funds £ £ £ £ - 37,776 - 37,776 - 63,846 - 63,846 - 24,743 - 24,743 - 126,365 - 126,365 - 138,531 - 138,531 - 1,818 252,079 253,897 - (10,348) 252,079 241,731 |
|---|---|---|
| 126,365 | ||
| 138,531 | ||
| 253,897 | ||
| 241,731 |
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Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||
| fund | fund | fund | funds | ||
| £ | £ | £ | £ | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 90 | 58,288 | 1,682,961 | 1,741,339 | |
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 90 | 47,940 | 1,935,040 | 1,983,070 | |
| 6. | TANGIBLE FIXED ASSETS | ||||
| Computer | |||||
| equipment | |||||
| £ | |||||
| COST | |||||
| At 1 January 2022 | 2,130 | ||||
| Additions | 354 | ||||
| At 31 December 2022 | 2,484 | ||||
| DEPRECIATION | |||||
| At 1 January 2022 | 703 | ||||
| Charge for year | 820 | ||||
| At 31 December 2022 | 1,523 | ||||
| NET BOOK VALUE | |||||
| At 31 December 2022 | 961 | ||||
| At 31 December 2021 | 1,427 | ||||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||
| 31.12.22 | 31.12.21 | ||||
| £ | £ | ||||
| Prepayments | 1,130 | - |
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Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 8. CURRENT ASSET INVESTMENTS Unlisted investments 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other loans (see note 10) Deferred income Accrued expenses 10. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Other loans 11. MOVEMENT IN FUNDS At 1.1.22 £ Unrestricted funds General fund 90 Restricted funds Restricted 47,940 Endowment funds Endowment 1,935,040 TOTAL FUNDS 1,983,070 |
31.12.22 £ 1,683,282 31.12.22 £ - 35,133 1,250 36,383 31.12.22 £ - Net movement in funds £ - 20,439 (252,645) (232,206) |
31.12.21 £ 1,937,662 31.12.21 £ 8,952 20,418 4,833 34,203 31.12.21 £ 8,952 At 31.12.22 £ 90 68,379 1,682,395 1,750,864 |
|---|---|---|
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Notes to the Financial Statements - continued for the Year Ended 31 December 2022
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Restricted funds Restricted 192,156 Endowment funds Endowment - TOTAL FUNDS 192,156 Comparatives for movement in funds Unrestricted funds General fund Restricted funds Restricted Endowment funds Endowment TOTAL FUNDS Comparative net movement in funds, included in the Incoming resources £ Restricted funds Restricted 126,365 Endowment funds Endowment - TOTAL FUNDS 126,365 |
Resources Gains and Movement expended losses in funds £ £ £ (169,982) (1,735) 20,439 - (252,645) (252,645) (169,982) (254,380) (232,206) Net movement At At 1.1.21 in funds 31.12.21 £ £ £ 90 - 90 58,288 (10,348) 47,940 1,682,961 252,079 1,935,040 1,741,339 241,731 1,983,070 above are as follows: Resources Gains and Movement expended losses in funds £ £ £ (138,531) 1,818 (10,348) - 252,079 252,079 (138,531) 253,897 241,731 |
|---|---|
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Notes to the Financial Statements - continued for the Year Ended 31 December 2022
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| 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 A current year 12 months and prior year 12 months combined included in the above are as follows: Incoming Resources resources expended £ £ Restricted funds Restricted 318,521 (308,513) Endowment funds Endowment - - TOTAL FUNDS 318,521 (308,513) |
Net movement At in funds 31.12.22 £ £ - 90 10,091 68,379 (566) 1,682,395 9,525 1,750,864 net movement in fund Gains and Movement losses in funds £ £ 83 10,091 (566) (566) (483) 9,525 |
|
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
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Caris Camden
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Detailed Statement of Financial Activities for the Year Ended 31 December 2022 |
||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 29,266 | 37,776 |
| Grants | 98,199 | - |
| 127,465 | 37,776 | |
| Investment income | ||
| Trust income | 64,591 | 63,846 |
| Interest receivable - trading | 100 | - |
| 64,691 | 63,846 | |
| Other income | ||
| Job retention scheme grant | - | 24,743 |
| Total incoming resources | 192,156 | 126,365 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 91,476 | 101,480 |
| Social security | 4,176 | 5,131 |
| Pensions | 6,635 | 6,089 |
| Directors maternity cover (contracted) | 33,922 | - |
| Charitable activities | 30,626 | 21,898 |
| Computer equipment | 820 | 703 |
| 167,655 | 135,301 | |
| Support costs | ||
| Finance | ||
| Interest payable | 709 | 1,167 |
| Governance costs | ||
| Accountancy and legal fees | 1,618 | 2,063 |
| Total resources expended | 169,982 | 138,531 |
| Net income/(expenditure) | 22,174 | (12,166) |
This page does not form part of the statutory financial statements
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Accounts 2022 to sign CARISCAM-Charitie... - 31.12.2022.PDF db1c807b32b8aae49e968d14be89d60fd9421d2b MM / DD / YYYY Signed
| 03 / 31 / 2023 | Sent for signature to Simon Maddox |
|---|---|
| 10:51:34 UTC | (simon@maddoxandmaddox.co.uk) and Andrew Penny |
| (andrewpenny1955@gmail.com) from rebecca@carisfamilies.org | |
| IP: 80.192.177.238 | |
| 03 / 31 / 2023 | Viewed by Simon Maddox (simon@maddoxandmaddox.co.uk) |
| 11:09:59 UTC | IP: 79.67.254.57 |
| 03 / 31 / 2023 | Signed by Simon Maddox (simon@maddoxandmaddox.co.uk) |
| 11:10:39 UTC | IP: 79.67.254.57 |
| 04 / 03 / 2023 | Viewed by Andrew Penny (andrewpenny1955@gmail.com) |
| 08:20:58 UTC | IP: 80.43.83.101 |
| 04 / 03 / 2023 | Signed by Andrew Penny (andrewpenny1955@gmail.com) |
| 08:36:31 UTC | IP: 80.43.83.101 |
| 04 / 03 / 2023 | The document has been completed. |
| 08:36:31 UTC |