Company registration number 06653397 (England and Wales} SJC Chartered Accountants THE CAMERON CHARITABLE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 THE CAMERON CHARITABLE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trusto0s Mr OR Cameron Mr RG Thompson 88cr8tary Mr RG Thoiiipsoii Charlly number (England and Wales) 1126377 Company numbor 06653397 R•gi8t•r•d offic¢ Hensmill House 9-13 Manchester Road Wllmslow Ch•shlr8 SK9 1BQ Independent examiner Mr N S Jenkins FCA o SJC Charterad Accountants St John's Chamb8rs Love Street Chèstèr Cheshire CH1 1QN THE CAMERON CHARITABLE TRUST CONTENTS Page Trustees. Ipport Ind8p8ndent exatnlner's report Stslemenl of financial activlties Balance sheet Noles lo the flnan¢lal 81al8m8nl8 6-13 THE CAMERON CHARITABLE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Th8 Irust88s pr8sent Ih8ir annual report and financial statements lor Iha y8ar end8d 31 March 2024. The fin8nei81 ststemeni$ have been prepared in 8c¢ord8n¢e with the 8¢¢0unb"ng poli¢ies set out in note I to the fin8nci81 slatetnenls and cotnply wilh the charity's governing document. the Cornpanies Acl 2006 and 'Accounts"ng and Reportsng by Charilies. Slatetnent of Recomfflended Practi￿ applicable to chaiitie5 preparing their accounts in accordance ￿th th& Financial Reporting Standard applicable the UK and R8public ol Ireland IFRS 1021" leff8cllve 1 January 20191. Objectives and activitie The Cameron Charitabl6 Trust way sel up 10 dlrectly proildo accommodation and lo provlde asslsianco In salisfvSng the housing needs of people with learning disabilities and physical disabilities who. as a consequence, wuire support to make their own way in their local camrnunity. The properties owned by the charity are being used to provide a residence for a small numbgr ol indivldu81s. Thoro 1$ also g focus on Ihg ¢harlty lo provldg Inlormallon and advSc9 for peopl¢ with disa)Illtlg$ 10 understand th8 different options ol housing with support. Public benefit The Iru51e85 hav8 pald du8 régard lo guidanc8 issu8d by th8 Charlty Cornmlsyon Sn docldlng what acllvllies th8 charlly should undertak8. Achievements and performance Slgnilic&nl 8¢INvlli&s ond 4¢hievemgnls 099insl obJg¢llve$ The charity purchasèd a small nurnber of properties In JanLJary 2010 and since then. In the current perfod and prevlous years, h85 been renting out I￿se properties as a part of fulfilling its ch8ri18ble objective5. In addition, the charity has suppc*rted nurnber of othgr cases In whl¢h It hag enablgd Indlvldual$ wllh leainlng dlsablllWe$ lo saiisfy Ihglr hou$lng vla alternative private leasing options and supporting its subsidiary charity, Lets lor Life. A r8novats.on prolact began In 2022 to r•lurbish thèsa proparties and is du8 forcomplallon in 2024. This wlll énsure th8 propèrtles contlnuè to provlda high standard housing to tènants. Flnanclal revl•w During the prior and ourrent period, Mr Carneron, the main benelBctor to the charily, has provided 8 guarantee in respect ol the bank finance u88d lo purchase tho freehold property on the ba18nce she81 in addition lo makiiig L*)nalion$. Further bank finance ol £S00.000 wes obtgined by the charity lo enoble it's subsidiary underlaking Lets lor Life lo work on Ihp eomplex proje￿$ under the NHSE Translortning Care programme, which is cgnlred aiound the goal ol"horne8 not hospita15 Net inwme for Ihe year omounted lo £280,91412023'. Nel expenditure £324,703) ond the ¢hority ended the yeor with net assets of £567,43612023.. £286,522), all ol which ielaie$ to unrestricted fund$. Resgrvg8 policy Al present the charity th)es not have a formal reserves PDlicy.1115 in receipt ol funding frorn Mr Cameron which covers r?qiiirpd pxppnrlilijrp. Ilnrp.8lrir.tp.d rps?rvp* At 31 MArr.h 2n?4 Amniintpd In p.5fi7.4￿ hnwp.vpr thi8 is nr)I frp.ply %vAilAhlp As rgserva8 are lied up Sn fixad assets, Plans for futur• perlodg The ¢harily Inlands lo svppl8monl its revenues and genorate additional funds nel of gxpenses in order lo increase its capitsl base. During the financial year £350,000 ol the above additional borrowing was repaid, and the final £1 SO,000 repaid after the balan¢e sheet date on 18 April 2024. In future periods the charity inlends to continue to ts¢ilitale its subsidiary vndertaking, Lels for Life, in supporting housing solutions loi a grealpr nurnber ol individuals with le8rning dis8bilili9s and cowplex 8UPPOrt needs. THE CAMERON CHARITABLE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure. 9ovemanc• and management The C8meron Charitable Trusi is 8 regislerad charity in Eng18nd and Wal&s (No 11263771 and a cony)8ny limil8d by guarant88 INO 66533971. Its 9ov8rning document 18 a m8morandum and articles of a8sociation. The trustees, who are also the directors for ihe purpose of company law, and who sarv8d during tho year and up to th8 dale 015ignalur8 ol th8 financial 51aletn8n15 w8r8". Ir DR Cameron Ir RG Thompson Mr PH McKeown (Reslgnad 6 March 20241 R&cruilmenl and appointm8ril off Imstees TrLJ8Ipf18 are r8rruil8d L)y r8f8rgnr.8 In an Apprais￿1 RfiviE>w and FrAmftwnrk nf CaMp￿tA￿ry tn ensurt> tha rAJmrK>8itinn nl tha Board is su¢h thal it ¢an perform effectively. Nona of the Irusl&&s h8s any beneficial inlarasl in the ¢emp8ny. Al of the trusl8è8 art members of the cornpany and guardnle8 to contribute £10 in the event of a winding up. Olhermgllers The charity's direct property holdings are overseen by 11$ learn ol Staff. The team's role includes Wor￿n9 with its subsidiary undertaking, Lets lor Lile, in order to lind appropriate tenants. assist with horne moves and liaise with the local authority to gssist tenants wilh their housing entitlements. The team is overseen by Ihe Trustees, who possess a combinalion of complernen18ry skills. The charity's learn of staff has been working lo continue lo manag8 Ils existing responsibililies and with view to supportin9 further tenants in idenkn'lwng and meetin9 their housin9 needs. Small company provlslons This r8POrt has b88n preparèd in accordanc8 with Iho prDvSsions applicable lo compani8s anli118d lo lh8 small compani8s èxèmp￿On. The Iruslee$' report Was approvèd by thè Bo8rd ol Trustees. Ir RG Thompson Trustee 21 Nov8mb8r 2024 THE CAMERON CHARITABLE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CAMERON CHARITABLE TRUST I report lo the tru5lee5 on rny 8xaminalion of lh8 financial stalem8nt5 01 Th8 Carneron Charitable Trusl Ithe chartyl lor the year ended 31 March 2024. Ro$pon$lbllltl&$ and b¥sl$ of roport As Ihe trustoes ol tho charity land also its directors for the purposes ol company lawl, you ar• responsible for tho preparallon ol the financial statements in accordanc8 with the r8quirom8nt5 01 the Companies Act 2006. Having $8li$fied myself that the finan¢ial statements ol the charity are not required to be audited undèr Part 16 of the Companies Act 2006 and arè eligible for independent èxamination, I rèport in resp6cl of My exarrination of the charty's financial slalemenls carried out under section 145 of the Charities Act 2011. In carrying out my exarllination I ha08 lollow8d the Direclions given by the Charity Comrnission under section 14515llbl of the Charities Act 2011. Ind•p•nd•nt •xamln•rf8 stat•m•nt Since the charity'5 gross incorne exceeded £250,000, the indcpondenl examiner musl be g member of a body listed in sèclion 145 01 thè Charitias Act 2011. 1 confirm that l am qualiligd to und$rtak& thg &xaminalion bg¢auso l am a mgrnbgr ol ICAEVV, wh￿h Is one ol th8 list8d bodles. I have completed my exarninalion. I confirm that no matt2rs have come to my atten￿'on in connection with the examination 9iving me cause lo believe that in any m81erial resp¢¢l'. aecountlng r8cords w8r8 not kèpl In respect ol th8 charlty as r•qulrad by s8ctlon 386 01 th8 Companl8s Act 2006. the flnanclal slalemenls do not accord with those records., or the financial slaternents do not COTnply with Ihe aC￿v￿lIng requiremet)ts ol section 396 of the Companies Act 2006 other than any requirement thet the ttnancial statements give a true and fair view, which Is not a matter considered 95 Part of an indeptrndenl examination., or the financial statements have not been prepared in accordance with Ihe methods and principles of the Statement ol Recommended Pra¢lice for 8¢counling and repDrtin9 by charibes applicable lo chgrilies preparing their lin8n¢ial statements in 3ccDrdance with Ihe Financial Reporting $18ndard 8ppli¢abl8 in th8 UK and Rapu>lic ol Ireland IFRS 1021. I have no concgrns and h8ve across no other tnalter8 in wilh the examination to which allenlion should be érawn in this report in order lo enEble a proper understanding of the financial slatements ID be reached. Mr N S Jenklns FCA cjo SJC Chart8r8d Accountants St John's Chambers Love Street Chesl8r Cheshire CH1 1QN 21 Noveinber 2024 THE CAMERON CHARITABLE TRUST STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestri¢t•d funds 2024 Unr•8tri¢ted fundg 2023 Notes Incom• from= Donations and legacies Inveslments 901,878 37,905 280.731 34.420 Total Incom 939,783 315,151 Expenditure on: Charitabl¢ ¥livI19$ 658,869 639,854 Total •xp•ndltur• 658,869 639.854 Net incomellexpenditurel and I￿vement in 2eo,914 1324,7031 Reconclllatlon of fundg.. Fund balanc8s at 1 April 2023 286,522 611,225 Fund balanc•8 at 31 March 2024 567,436 286,522 The sialem¢nl of finoncial oclivilieg in¢ludes o119oins ond losses re¢o9nised in the year. All income and expenditure derive from contr'nuing activilies. The stalernent of financial aclivili85 al80 complies with tr8 requirements for an income and expenditure account under the Cornpanies Act 2006. THE CAMERON CHARITABLE TRUST BALANCE SHEET AS A T 31 AIARCH 2024 2024 2023 Not9¥ FlxÈd 8gse18 Investment property 11 936,431 936,431 Currènt a88•t8 Debtors Cash at bank and In hand 12 75.295 3e,988 165,976 18.039 114,283 184.015 Cr•dilor8= amount$ f811ing du• within on• y•ar 14 1168,2781 1518,9241 N•t curmnl Ilabllltlos 153,9951 I334.￿9) Total as8•ts1•88 currnnl Ilabllltl•s 882,436 601,522 Credl¢org: amounts talllng due after more than one year 15 1315,0001 1315,(KJOI Net assets 567,436 286.522 The fund$ ol th• ¢hadty Unrestrlclgd lund$ 17 567,436 286,522 567,436 286.522 The company is enliued to the exemption from the audit requirement contained in section 477 01 the Companies Act 2006, lor the year ended 31 MBrch 2024. The dir¢¢lors acknowledge Ih¢ir respon9ibil￿¥S lor complying with th& requirements of the Companies Acl 2006 with re$pe¢l lo accounting record5 and the preparation ol linanrAal 5talernents. The members have not required the ￿MpanY lo obtaln an audll of its fln8ncl81 slal8m&nis lor ihe year in quesllon In accordance with section 476. These financial slalernenls have ￿en prepa￿ in accordan￿ with the provisions applicable lo cornpanies subject lo the small companies reg1ff￿. The financial statements were approved by the trusteÈs on 21 November 2024 Ir RG Thompson Trust00 Company registration number 06653397 (England and Wjalesl THE CAMERON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountSng pollcle8 Ch8rity infowmation Th8 Cameron Charitable Trust Is a privat• company limited by guarant88 incorporaled in England and Wal8s. Th8 r8glsterod officè Is H8nsmill House, 9.13 Manchester Road, Wilm51ow. Cheshlré, SK9 18Q. 1.1 Accounting conventlon Th& financial stalemènts hav8 b88n pr8parèd in aceordanc& ivith lh8 d)arity's gov&rning doeLJm8nt, the Comp3ni8s Aet 2006, FRS 102'The Financial Reporting Stsndare applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Chari118s SORP'AccouNling and Reporting by Charits'es.. Statemenl of R8comm8nd8d Practice applicab18 to charities preparing their accounts in accordanc8 with the Finanoal Reporting Standard applicable in the UK and Republic of Ireland IFRS 102114ffe¢liv6 1 Jonuary 20191, Th* charlty Is a Publlc Benelll Entity as d6fin&d by FRS 102. The eharfty has tsken advantagè ol Ihè provisions in thè SORP for charlliès not to prèpare a Slatèmènt of Cash Flows. The financial slalements are prepared in 618rfing, which 15 the functional currency ol the charity. Monetary amounts in firidfiLltil sldli>iri¥ril¥ rour)d¥d tu Ili# Iitldf&?*l £. The linon¢io1 Stolements ho'le been prepored under the historical ¢osl ¢onvents'on, modified lo Include the revaluolion ol freehold properties and lo include inyestrllgnl propgrtie$ arKI certain financial inslrutnents al lair v81ug. The prinapal accounting policies adopted are set out below. 1.2 Golng ¢on¢gm Al the lirne of approving the financial slalernenls, the Iru51ee5 have a re850nab1e expectation that the charity has ad8qual8 r8sourc8s to continu8 in operational 8xist8nc8 lor th8 foresè8abl8 futur•. Thus th8 trustèès conlinu8 to adopt tha going concèm basls ol accountlng in preparing thè financL41 stalemants. 1.3 Ch8rlt8blo fund$ Unre51ricled funds are available for use at the discrellon ol the Iruslees In further8nce of their charllable objeGllves. Restricted lund¥ are gubj8et 10 specrfie conditions by donors or 9rsnlors ag to how they May be used. The purptrs8S and uses ol the restricted funds are sel out in the notes to the linanaal staternents. EndowmÈnt lunds a￿ subjèct to spèeifie condltions by donors Ihat thè eapital musl ba maintainèd by the charfly. 1.4 Incorne Income is rocognis8d wh8n Iha charity Is logally 8ntilled lo it after any p8rfortnance con¢Jitions hav# b¥•n m8l, tha arnount5 be ￿eaSured reliably, and it 15 probable that incorne will be rec8ived. Cash donations artr r¥cognis¥d on rèceipt. Other donations ar¥ recognisèd onc¥ th¥ charity has bèen notifièd of the donation, unless perforrnance conditions require deferral of the amount. Income tax recoverable in relatio￿ to donations ceived under Gift Aid or deed5 of covenant is recognised at the time of the donation. Property rgntol incomtr undtrr apor¥ting1gas¥ a9￿0m￿nIS is rKo9ni$9d on a slraighl ling basis over Ihg temi of the lease THE CAMERON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policies Icontinutdl 1.5 Expendituro Expenditure Is r￿Ognised On￿ there is a legal orconstructive obligation to transfereconomic benefit to a third paty, it is probablo that a transftrr ol e¢onomi¢ bengfits will bo r￿Uired in settlsmgnl, and Ihe amount of the obligation can b$ measured reliably. Expenditure includes all VAT which cannot be recovered. Exppndilur9 is classiligd by activity. The costs of each a¢tivity arg rnad9 up of thg tol31 ol dir9ft ¢osts and shared cosls, induding suppom aosts involved in undertaking each activity. Direct costs attributable to a singl& activity are allocated directly to that activity. Shared costs which contribute to more than one activity and supptsrt costs which ale not allributsblg to a Single activity are apportiongd bglwggn thos8 acliviligs on a basis con$i¥lenl vvilh Ihe use ol resources. 1.6 Tanglbl• nxod a5Sgts Tangible fixed a8sels arg initially measured al cost and subsequenly measured at cost or valuation, n8101 depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over treir useful livgs on Ihe following baseg.. Fixlur8s and fi'IIIDgs Computer8 20QA straighl lin8 20010 stralghl Ilne Th8 gain or loss arSsing on th• disposal ol an asset is det•rmin•d as Ihe diff8rence b8lw88n th8 sala proc88ds and the carryin9 valué ol the ass8t, and Is r8co9nls8d In slatem8nt ol Ilnancial actlvlties. 1.7 Investment property Inveslmenl property, which is property held to eam rentals arKllor for capital app￿ClaI10n. is iniiially reeA)gnised al cost, which includes the purchase cost and any directly atliibulabl6 expenditure. Subsequently it is mèasurod al lair v81uo 8t th8 r8POrting and dal8. Th• surplus or deficit on r￿alUation is recognis8d in profit 01 loss. 1.8 C&gh and cash •qulval•nts Cash and cash equlvalents Include cash In hand, dep051ts hdd ai call wnh banks. other short-term Ilquld Investments with ori9in81 malurilies of three months or18ss, and bank overdrafts. 8ank overdrafts are shown within borrowings current liabilits'es. 1.9 Finan¢ial in8trument8 The Gharily ha8 eleGled to Bpply the provi¥ion3 of SeGlion 11 'B88lG FinanGial In3lrurnent3' and SeGtion 12'0ther Financial Inslrurnenls Issues, ol FRS 102 to all of rts financial instruments. Financial in8trurnents are recognised in the charity's balance 5heel when the charity becornes party to the conlr8Glual provisions of the instrument Financial assets and liabilities are offset, with the net arnounts presented in the financial statements, when there is a legallv enforceable right to sel off the recognised amounls and there is an intention to settle on a net basis Dr to realise th9 asset and $8lll8 ihg liablity $irnultan8ously, Bask flnanclal assots Basic Iinancial assets, which Include debtors and cash and bank bal8nc¢s, are Ini11811y measured at trBnsact10n pn¢e induding Irans8¢tion Costs 8nd are subsequently carried al 8morti8ed cost using th& effective inl&rest method un1&8S the arrangemenl conslitules a financing transaction, where the transaction is rneasured al the present value of the future receipls diswunted 81 a markel rate of interest. Financ￿1 assets classified as rKeivable within one year 8re not amortised. THE CAMERON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policies Icontinutdl Basie financial lithbiliti&$ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction pri￿ unless the arrangen)enl constitut$s a financing transaction, wh*ro the dobl instrumonl is measurgd al Ihe prèsènt value ol the future payments discounted at a market rate ol interest. Financial liat)ilities classified as payable within one year are amortised. Debt instruments are subsequently rarried al arnortised cost, using the effective interest rate methixj. Trade creditor$ ar8 obligations lo pay for goods or services Ihal have been acquired in the ordinary coursg ol operations from supplier5. Amounts payable are cbssified as current liabilities if payment Is due within one year or less. If not. they are piosonted as nonacurrcnl liabilitios. Trade creditors aro recognised initially at transaction piicc and subsequgnlly rveasured al amortisgd using tbg effgclive inlerest rnelhod. DwKognltlon of IlnanGlal Ilabllltles Financial li wlh an unr8strlct8d donation of £704.00012023'. £200,000) and rént -free ol olfi¢o spacè. Al th8 yaar end, Iha charltabl8 company owad Mr D R Cameron £1,47512023'. £1,47SI. Th8 charitable company wès owed £75.29512023.. £156,600) by Lets for Life, its subsidiary undertaking, al the balarco sh88t dat8. Th8 chadlabla company was owod nil12023'. £9,377) by H•nsmill Eslat•s LLP, an ¥nlity in whlch Mr D R Cam#ron Is dèsignat*d member. 12- THE CAMERON CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Llmlted by guarantee The ch8rity 1$ 8 compeny limited by gu8r8ntee 8nd hos n¢> $h8re 08PIt81. Every mernber of the charity undert8kes to contribute to the assels of the charity ID the evenl DI the same being wound up during the titne helshe Is a rnember or within one year afterward5 foi payment5 of the debts and liabilitie5 01 the charity contracled betore the time he15he ceases lo b8 a rnemb8r, and ol the costs, charges and exp8nses of windSng up the same and for the adjustment of the right and coniributories amC￿gst themselves, such amount as may be required not exceeding £10 or equival8nl. 13- This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic fonn, authentication and manner of delivery under section 1072 of the Companies Act 2006.