**Charity registration number 1126377** **Company registration number 06653397 (England and Wales)** ## **THE CAMERON CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ENV52429336-1741-DADB-2923-FACD 27/09/2023 17:42 PM GDT ## **THE CAMERON CHARITABLE TRUST** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mr DR Cameron Mr RG Thompson Mr PH McKeown **Secretary** Mr RG Thompson **Charity number** 1126377 **Company number** 06653397 **Registered office** Hensmill House 9-13 Manchester Road Wilmslow Cheshire SK9 1BQ **Independent examiner** Mr N S Jenkins FCA c/o UHY Hacker Young St John's Chambers Love Street Chester Cheshire CH1 1QN ENV52429 ~~336-1741-DADB-2923-FACD~~ 27/09/2023 17:42 PM GDT ## **THE CAMERON CHARITABLE TRUST** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 2| |Independent examiner's report|3| |Statement of financial activities|4| |Balance sheet|5| |Notes to the financial statements|6 - 13| ENV52429 ~~336-1741-DADB-2923-FACD~~ 27/09/2023 17:42 PM GDT ## **THE CAMERON CHARITABLE TRUST** ## **TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2023**_ The trustees present their annual report and financial statements for the year ended 31 March 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Companies Act 2006 and "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** The Cameron Charitable Trust was set up to directly provide accommodation and to provide assistance in satisfying the housing needs of people with learning disabilities and physical disabilities who, as a consequence, require support to make their own way in their local community. The properties owned by the charity are being used to provide a residence for a small number of individuals. There is also a focus on the charity to provide information and advice for people with disabilities to understand the different options of housing with support. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## **Achievements and performance** The charity purchased a small number of properties in January 2010 and since then, in the current period and previous years, has been renting out these properties as a part of fulfilling its charitable objectives. In addition, the charity has supported a number of other cases in which it has enabled individuals with learning disabilities to satisfy their housing needs via alternative private leasing options and supporting its subsidiary charity, Lets for Life. A renovation project began in 2022 to refurbish these properties and is due for completion in 2023. This will ensure the properties continue to provide high standard housing to tenants. ## **Financial review** During the prior and current period, Mr Cameron, the main benefactor to the charity, has provided a guarantee in respect of the bank finance used to purchase the freehold property on the balance sheet in addition to making donations. Further bank finance of £500,000 was obtained by the charity to enable it’s subsidiary undertaking Lets for Life to work on the complex projects under the NHSE Transforming Care programme, which is centred around the goal of “homes not hospitals”. Net expenditure for the year amounted to £316,325 (2022: £50,658) and the charity ended the year with net assets of £294,899 (2022: £616,225), all of which relates to unrestricted funds. At present the charity does not have a formal reserves policy as it relies on funding from Mr Cameron to cover required expenditure. Unrestricted reserves at 31 March 2023 amounted to £294,899 however this is not freely available as reserves are tied up in fixed assets. ## **Plans for future periods** The charity intends to supplement its revenues and generate additional funds net of expenses in order to increase its capital base. At the present time, with the costs of finance increasing compared with previous years, the directors intend to repay the additional borrowing in the next financial year using further funding from Mr Cameron and funds received from NHSE. In future periods the charity intends to continue to facilitate its subsidiary undertaking, Lets for Life, in supporting housing solutions for a greater number of individuals with learning disabilities and complex support needs. ## **Structure, governance and management** The Cameron Charitable Trust is a registered charity in England and Wales (No 1126377) and a company limited by guarantee (No 6653397). Its governing document is a memorandum and articles of association. ENV52429 ~~336-1741-DADB-2923-FACD~~ 27/09/2023 17:42 PM GDT - 1 - ## **THE CAMERON CHARITABLE TRUST** ## **TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_ The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr DR Cameron Mr RG Thompson Mr PH McKeown Trustees are recruited by reference to an Appraisal Review and Framework of Competency to ensure the composition of the Board such that it can perform effectively. None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of a winding up. The charity's direct property holdings are overseen by its team of staff. The team's role includes working with its subsidiary undertaking, Lets for Life, in order to find appropriate tenants, assist with home moves and liaise with the local authority to assist tenants with their housing entitlements. The team is overseen by the Trustees, who possess a combination of complementary skills. The charity's team of staff has been working to continue to manage its existing responsibilities and with a view to supporting further tenants in identifying and meeting their housing needs. ## **Small company provisions** This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees' report was approved by the Board of Trustees. Mr RG Thompson **Trustee** 27 September 2023 ENV52429 ~~336-1741-DADB-2923-FACD~~ 27/09/2023 17:42 PM GDT - 2 - ## **THE CAMERON CHARITABLE TRUST** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF THE CAMERON CHARITABLE TRUST** I report to the trustees on my examination of the financial statements of The Cameron Charitable Trust (the charity) for the year ended 31 March 2023. ## **Responsibilities and basis of report** As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies. 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 that in any material respect: - 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or - 2 the financial statements do not accord with those records; or - 3 the financial statements 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 financial statements 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 financial statements to be reached. ## **Mr N S Jenkins FCA** c/o UHY Hacker Young St John's Chambers Love Street Chester Cheshire CH1 1QN Dated: 27 September 2023 ENV52429 ~~336-1741-DADB-2923-FACD~~ 27/09/2023 17:42 PM GDT - 3 - ## **THE CAMERON CHARITABLE TRUST** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2023**_ |||**Unrestricted Unrestricted**|**Unrestricted Unrestricted**| |---|---|---|---| |||**funds**|**funds**| |||**2023**|**2022**| ||**Notes**|**£**|**£**| |**Income from:**|||| |Donations and legacies|**3**|280,731|363,125| |Investments|**4**|34,420|34,512| |**Total income**||315,151|397,637| |**Expenditure on:**|||| |Charitable activities|**5**|639,854|448,295| |**Net expenditure for the year/**|||| |**Net movement in funds**||(324,703)|(50,658)| |Fund balances at 1 April 2022||611,225|661,883| |**Fund balances at 31 March 2023**||286,522|611,225| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. ENV52429 ~~336-1741-DADB-2923-FACD~~ 27/09/2023 17:42 PM GDT - 4 - ## **THE CAMERON CHARITABLE TRUST** ## **BALANCE SHEET** ## _**AS AT 31 MARCH 2023**_ |**2023**
**Notes**
**£**
**£**
**Fixed assets**
Investment property
**10**
936,431
Investments
**11**
-
936,431
**Current assets**
Debtors
**12**
165,976
Cash at bank and in hand
18,039
184,015
**Creditors: amounts falling due within**
**one year**
**14**
(518,924)
Net current liabilities
(334,909)
**Total assets less current liabilities**
601,522
**Creditors: amounts falling due after**
**more than one year**
**15**
(315,000)
**Net assets**
286,522
**Income funds**
Unrestricted funds
286,522
286,522|**2022**
**£**
**£**
936,431
1
936,432
9,482
19,225
28,707
(38,914)
(10,207)
926,225
(315,000)
611,225
611,225
611,225| |---|---| The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 27 September 2023 Mr RG Thompson **Trustee** **Company registration number 06653397** ENV52429 ~~336-1741-DADB-2923-FACD~~ 27/09/2023 17:42 PM GDT - 5 - ## **THE CAMERON CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2023**_ ## **1 Accounting policies** ## **Charity information** The Cameron Charitable Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is Hensmill House, 9-13 Manchester Road, Wilmslow, Cheshire, SK9 1BQ. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Property rental income under operating lease agreements is recognised on a straight line basis over the term of the lease. ENV52429 ~~336-1741-DADB-2923-FACD~~ 27/09/2023 17:42 PM GDT - 6 - ## **THE CAMERON CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_ ## **1 Accounting policies** ## **(Continued)** ## **1.5 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 includes all VAT which cannot be recovered. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings 20% straight line Computers 20% straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. ## **1.7 Investment property** Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. ## **1.8 Fixed asset investments** Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at cost less any accumulated impairment losses. A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. ## **1.9 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.10 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ENV52429 ~~336-1741-DADB-2923-FACD~~ 27/09/2023 17:42 PM GDT - 7 - ## **THE CAMERON CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_ ## **1 Accounting policies** ## **(Continued)** ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.11 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.12 Retirement benefits** Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ENV52429 ~~336-1741-DADB-2923-FACD~~ 27/09/2023 17:42 PM GDT - 8 - ## **THE CAMERON CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_ ## **3 Donations and legacies** ||**Unrestricted **|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2023**|**2022**| ||**£**|**£**| |Donations and gifts|258,856|341,250| |Donated goods and services|21,875|21,875| ||280,731|363,125| ## **4 Investments** ||**Unrestricted **|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2023**|**2022**| ||**£**|**£**| |Rental income|34,420|34,479| |Interest receivable|-|33| ||34,420|34,512| |**Charitable activities**||| ||**Provision of**|
**Provision of**| ||**accommoda**|**accommoda**| ||**tion**|**tion**| ||**2023**|**2022**| ||**£**|**£**| |Property repairs, maintenance and insurance|40,729|15,918| |Share of support costs (see note 6)|597,031|430,337| |Share of governance costs (see note 6)|2,094|2,040| ||639,854|448,295| ## **5 Charitable activities** ENV52429 ~~336-1741-DADB-2923-FACD~~ 27/09/2023 17:42 PM GDT - 9 - ## **THE CAMERON CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2023**_ ## **6 Support costs** |Staff costs
Premises expenses
Finance costs
Sundry other costs
Staff costs (travel,
training, etc)
Legal and professional
fees
Independent Examiner's
fees
Analysed between
Charitable activities|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
521,056
-
30,629
-
32,247
-
345
-
12,754
-
-
-
-
2,094
597,031
2,094
597,031
2,094|**2023**
**£**
521,056
30,629
32,247
345
12,754
-
2,094
599,125
599,125|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
375,021
-
36,894
-
10,510
-
-
-
7,412
-
500
-
-
2,040
430,337
2,040
430,337
2,040|**2022**
**£**
375,021
36,894
10,510
-
7,412
500
2,040| |---|---|---|---|---| |||||432,377| |||||432,377| ## **7 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. ## **8 Employees** The average monthly number of employees during the year was: |Total
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2023**
**Number**
16
**2023**
**£**
464,889
46,492
9,675
521,056|**2022**
**Number**
16| |---|---|---| |||**2022**
**£**
340,767
27,163
7,091| |||375,021| There were no employees whose annual remuneration was more than £60,000. ## **9 Taxation** The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. ENV52429 ~~336-1741-DADB-2923-FACD~~ 27/09/2023 17:42 PM GDT - 10 - ## **THE CAMERON CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2023**_ ## **10 Investment property** |**Investment property**|| |---|---| ||**2023**| ||**£**| |**Fair value**|| |At 1 April 2022 and 31 March 2023|936,431| Investment property comprises land and buildings. In the opinion of the trustees, the fair value of the charity's investment property is equivalent to cost, as guided by a professional valuation. ## **11 Fixed asset investments** |**Cost or valuation**
At 1 April 2022
Disposals
At 31 March 2023
**Carrying amount**
At 31 March 2023
At 31 March 2022
Other investments comprise:
**Notes**
Investments in subsidiaries
**12**
**Debtors**
**Amounts falling due within one year:**
Amounts owed by fellow group undertakings
Other debtors|**Other**
**investments**
1
(1)
-
-
1
**2023**
**2022**
**£**
**£**
-
1
**2023**
**2022**
**£**
**£**
156,600
105
9,376
9,377
165,976
9,482|**Other**
**investments**
1
(1)
-
-
1
**2023**
**2022**
**£**
**£**
-
1
**2023**
**2022**
**£**
**£**
156,600
105
9,376
9,377
165,976
9,482| |---|---|---| |||-| |||-| |||1| |||**2022**
**£**
1| |||**2022**
**£**
105
9,377| |||9,482| ENV52429 ~~336-1741-DADB-2923-FACD~~ 27/09/2023 17:42 PM GDT - 11 - ## **THE CAMERON CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_ |**13**
**Loans and overdrafts**
Bank loans
Directors' loans
Payable within one year
Payable after one year
**14**
**Creditors: amounts falling due within one year**
**Notes**
Bank loans
**13**
Other borrowings
Other taxation and social security
Amounts owed to fellow group undertakings
Accruals and deferred income
**15**
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**13**|**2023**
**£**
815,000
1,475
816,475
501,475
315,000
**2023**
**£**
500,000
1,475
11,489
-
5,960
518,924
**2023**
**£**
315,000|**2022**
**£**
315,000
1,475| |---|---|---| |||316,475| |||1,475
315,000| |||**2022**
**£**
-
1,475
10,296
25,343
1,800| |||38,914| |||**2022**
**£**
315,000| ENV52429 ~~336-1741-DADB-2923-FACD~~ 27/09/2023 17:42 PM GDT - 12 - ## **THE CAMERON CHARITABLE TRUST** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2023**_ ## **16 Related party transactions** ## **Transactions with related parties** During the current and previous periods, Mr D R Cameron, a trustee of the charitable company, provided a personal guarantee to HSBC Private Bank for the £815,000 bank loans (2022: £315,000). Mr D R Cameron provided the charitable company with an unrestricted donation of £200,000 (2022: £280,000) and rent-free use of office space. At the year end, the charitable company owed Mr D R Cameron £1,475 (2022: £1,475). The charitable company was owed £156,600 by (2022: owed £25,343 to) Lets for Life, its subsidiary undertaking, at the balance sheet date. The charitable company was owed £9,377 by (2022: £9,377) Hensmill Estates LLP, an entity in which Mr D R Cameron is a designated member. ## **17 Limited by guarantee** The charity is a company limited by guarantee and has no share capital. Every member of the charity undertakes to contribute to the assets of the charity in the event of the same being wound up during the time he/she is a member or within one year afterwards for payments of the debts and liabilities of the charity contracted before the time he/she ceases to be a member, and of the costs, charges and expenses of winding up the same and for the adjustment of the right and contributories amongst themselves, such amount as may be required not exceeding £10 or equivalent. ENV52429 ~~336-1741-DADB-2923-FACD~~ 27/09/2023 17:42 PM GDT - 13 -