REGISTERED COMPANY NUMBER: 06378349 (England and Wales) REGISTERED CHARITY NUMBER: 1121919
Report of the Trustees and
Financial Statements for the Year Ended 31 December 2024
for
Caris Camden
Maddox & Maddox Limited 9 Commercial Yard Barnard Castle Co. Durham DL12 8FE
Caris Camden
Contents of the Financial Statements for the Year Ended 31 December 2024
| 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 14 |
| Detailed Statement of Financial Activities | 15 |
Caris Camden
Report of the Trustees for the Year Ended 31 December 2024
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 2024. 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 play and learning activities for homeless children living in temporary accommodation hostels, by arranging enrichment activities (outings and trips) for their families during the school holidays, and by conducting welfare and housing support work with those families.
.
ACHIEVEMENT AND PERFORMANCE Financials
The Charity's endowment funds increased by £60,529 to £1,817,111, The fund produced income of £65,626 (2023 £64,760). 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. For the Charity's impact please request a copy of its Annual Review which gives full details.
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
Caris Camden
Report of the Trustees
for the Year Ended 31 December 2024
Trustees
J G Browne H L Y Funtua F R Mcleod (resigned 12.2.24) F M Newbigin A H Penny Chairman A C F Penny S M Seymour (resigned 22.1.25) J I Storey M E E S Yamadjako M C T Ringrose (appointed 18.1.24)
Company Secretary
A H Penny Chairman
Independent Examiner
Maddox & Maddox Limited 9 Commercial Yard Barnard Castle Co. Durham DL12 8FE Approved by order of the board of trustees on 19 September 2025 and signed on its behalf by:
A H Penny Chairman - Trustee
Page 2
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 2024.
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
-
the accounts do not accord with those records; or
-
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
-
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 DL12 8FE
19 September 2025
Page 3
Caris Camden
Statement of Financial Activities for the Year Ended 31 December 2024
| Unrestricted Restricted fund fund Notes £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 117,856 55,072 Investment income 2 65,627 - Total 183,483 55,072 EXPENDITURE ON Charitable activities Caris Families 168,204 51,823 Net gains on investments 58 - NET INCOME 15,337 3,249 RECONCILIATION OF FUNDS Total funds brought forward 96,050 9,291 TOTAL FUNDS CARRIED FORWARD 111,387 12,540 |
31.12.24 Endowment Total fund funds £ £ - 172,928 - 65,627 - 238,555 - 220,027 60,529 60,587 60,529 79,115 1,756,582 1,861,923 1,817,111 1,941,038 |
31.12.23 Total funds as restated £ 154,302 64,760 |
|---|---|---|
| 219,062 | ||
| 181,390 | ||
| 73,387 | ||
| 111,059 1,750,864 |
||
| 1,861,923 |
The notes form part of these financial statements
Page 4
Caris Camden
Balance Sheet 31 December 2024
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 7 787 - CURRENT ASSETS Debtors 8 1,844 - Investments 9 12,091 - Cash at bank 98,232 15,032 112,167 15,032 CREDITORS Amounts falling due within one year 10 (1,567) (2,492) NET CURRENT ASSETS 110,600 12,540 TOTAL ASSETS LESS CURRENT LIABILITIES 111,387 12,540 NET ASSETS 111,387 12,540 FUNDS 11 Unrestricted funds Restricted funds Endowment funds TOTAL FUNDS |
31.12.24 Endowment Total fund funds £ £ - 787 - 1,844 1,805,165 1,817,256 11,946 125,210 1,817,111 1,944,310 - (4,059) 1,817,111 1,940,251 1,817,111 1,941,038 1,817,111 1,941,038 111,387 12,540 1,817,111 1,941,038 |
31.12.23 Total funds as restated £ 142 1,158 1,756,669 105,204 1,863,031 (1,250) 1,861,781 1,861,923 1,861,923 96,050 9,291 1,756,582 1,861,923 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
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
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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
Page 5
continued...
Caris Camden
31 December 2024
Balance Sheet - continued
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 19 September 2025 and were signed on its behalf by:
A H Penny Chairman - Trustee
The notes form part of these financial statements
Page 6
Caris Camden
Notes to the Financial Statements for the Year Ended 31 December 2024
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.
Following the split of C4WS into a separate independent charity on 1st July 2020 and transferal of all related assets, liabilities and staff to the new charity,all grant income has been treated as restricted when in fact it was unrestricted. So all funds received from July 2020 are unrestricted and 2022 comparatives have been restated.
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continued...
Caris Camden
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
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 | ||
|---|---|---|
| 31.12.24 | 31.12.23 | |
| as | ||
| restated | ||
| £ | £ | |
| Trust income | 65,220 | 64,591 |
| Interest receivable - trading | 407 | 169 |
| 65,627 | 64,760 |
3.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 31.12.24 | 31.12.23 | |
|---|---|---|
| as | ||
| restated | ||
| £ | £ | |
| Depreciation - owned assets | 524 | 819 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
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Caris Camden
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||
| fund | fund | fund | funds | |||
| as restated | ||||||
| £ | £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 124,658 | 29,644 | - | 154,302 | ||
| Investment income | 64,760 | - | - | 64,760 | ||
| Total | 189,418 | 29,644 | - | 219,062 | ||
| EXPENDITURE ON | ||||||
| Charitable activities | ||||||
| Caris Families | 156,158 | 25,232 | - | 181,390 | ||
| Net gains/(losses) on investments | (801) | - | 74,188 | 73,387 | ||
| NET INCOME | 32,459 | 4,412 | 74,188 | 111,059 | ||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 63,591 | 4,879 | 1,682,394 | 1,750,864 | ||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 96,050 | 9,291 | 1,756,582 | 1,861,923 |
6. PRIOR YEAR ADJUSTMENT
Following the split of C4WS into a separate independent charity on 1st July 2020 and transferal of all related assets, liabilities and staff to the new charity,all grant income has been treated as restricted when in fact it was unrestricted. So all funds received from July 2020 are unrestricted and 2022 comparatives have been restated.
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continued...
Caris Camden
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
7. TANGIBLE FIXED ASSETS
| 7. | TANGIBLE FIXED ASSETS | ||
|---|---|---|---|
| Computer | |||
| equipment | |||
| £ | |||
| COST | |||
| At 1 January 2024 | 2,484 | ||
| Additions | 1,169 | ||
| At 31 December 2024 | 3,653 | ||
| DEPRECIATION | |||
| At 1 January 2024 | 2,342 | ||
| Charge for year | 524 | ||
| At 31 December 2024 | 2,866 | ||
| NET BOOK VALUE | |||
| At 31 December 2024 | 787 | ||
| At 31 December 2023 | 142 | ||
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31.12.24 | 31.12.23 | ||
| as | |||
| restated | |||
| £ | £ | ||
| Prepayments | 1,844 | 1,158 | |
| 9. | CURRENT ASSET INVESTMENTS | ||
| 31.12.24 | 31.12.23 | ||
| as | |||
| restated | |||
| £ | £ | ||
| Unlisted investments | 1,817,256 | 1,756,669 |
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continued...
Caris Camden
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.12.24 | 31.12.23 | ||
|---|---|---|---|
| as | |||
| restated | |||
| £ | £ | ||
| Gift aid | 16 | - | |
| Deferred income | 2,493 | - | |
| Accrued expenses | 1,550 | 1,250 | |
| 4,059 | 1,250 | ||
| 11. | MOVEMENT IN FUNDS |
| At 1.1.24 £ Unrestricted funds General fund 96,050 Restricted funds Restricted 9,291 Endowment funds Endowment 1,756,582 TOTAL FUNDS 1,861,923 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 183,483 (168,204) Restricted funds Restricted 55,072 (51,823) Endowment funds Endowment - - TOTAL FUNDS 238,555 (220,027) |
Net movement At in funds 31.12.24 £ £ 15,337 111,387 3,249 12,540 60,529 1,817,111 79,115 1,941,038 Gains and Movement losses in funds £ £ 58 15,337 - 3,249 60,529 60,529 60,587 79,115 |
|
|---|---|---|
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continued...
Caris Camden
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
11. MOVEMENT IN FUNDS - continued
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 £ Unrestricted funds General fund 189,418 Restricted funds Restricted 29,644 Endowment funds Endowment - TOTAL FUNDS 219,062 |
Net movement At At 1.1.23 in funds 31.12.23 £ £ £ 63,591 32,459 96,050 4,879 4,412 9,291 1,682,394 74,188 1,756,582 1,750,864 111,059 1,861,923 above are as follows: Resources Gains and Movement expended losses in funds £ £ £ (156,158) (801) 32,459 (25,232) - 4,412 - 74,188 74,188 (181,390) 73,387 111,059 |
|---|---|
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Caris Camden
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
11. 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 1.1.23 £ 63,591 4,879 1,682,394 1,750,864 |
Net movement At in funds 31.12.24 £ £ 47,796 111,387 7,661 12,540 134,717 1,817,111 190,174 1,941,038 |
|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted Endowment funds Endowment TOTAL FUNDS |
Incoming resources £ 372,901 84,716 - 457,617 |
Resources expended £ (324,362) (77,055) - (401,417) |
Gains and losses £ (743) - 134,717 133,974 |
Movement in funds £ 47,796 7,661 134,717 190,174 |
|---|---|---|---|---|
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continued...
Caris Camden
Notes to the Financial Statements - continued for the Year Ended 31 December 2024
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
Page 14
Caris Camden
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31 December 2024 | ||
| 31.12.24 | 31.12.23 | |
| as restated | ||
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 13,419 | 8,075 |
| Trust and foundation grants | 159,509 | 127,825 |
| Local authority grants | - | 18,402 |
| 172,928 | 154,302 | |
| Investment income | ||
| Trust income | 65,220 | 64,591 |
| Interest receivable - trading | 407 | 169 |
| 65,627 | 64,760 | |
| Total incoming resources | 238,555 | 219,062 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 143,203 | 117,739 |
| Social security | 8,954 | 6,229 |
| Pensions | 8,520 | 7,150 |
| Directors maternity cover (contracted) | - | 7,974 |
| Charitable activities | 57,011 | 39,855 |
| Computer equipment | 524 | 820 |
| 218,212 | 179,767 | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 1,815 | 1,623 |
| Total resources expended | 220,027 | 181,390 |
| Net income | 18,528 | 37,672 |
This page does not form part of the statutory financial statements
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