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2022-12-31-accounts

Company registration number: 06985729 Charity registration number: 1135540

Camara Education UK Ltd

(A company limited by guarantee)

Annual Report and Financial Statements

for the Year Ended 31 December 2022

Contents

Reference and Administrative Details .............................................................................................. 1 Trustees’ Report ................................................................................................................................ 2-7 Independent Examiner's Report ..................................................................................................... 8-9 Statement of Financial Activities ..................................................................................................... 10 Balance Sheet ...................................................................................................................................... 11 Statement of Cash Flows ................................................................................................................... 12 Notes to the Financial Statements ............................................................................................. 133-23

Camara Education UK Ltd

Reference and Administrative Details

Director and Trustees

The directors of Camara Education UK Ltd, who are its trustees for the purpose of charity law, present the annual report of the charitable company for the year ended 31 December 2022.

The trustees and officers serving during the year and subsequent to year end were as follows:

Cormac Lynch (Chairman) John D W Brown Andrew Jarvis Charles H M Ellingham Andrew P Singer Olivia Lichtenstein Richard Basham Rory Wardroper Frank Lehmann Jessica E Wren Rushi Millns

Principal Office 241a Portobello Road London W11 1LT

Registered Office: Sovereign House 212-224 Shaftesbury Avenue London WC2H 8HQ Company Registration Number: 06985729

Charity Registration Number: 1135540

Independent Examiner: Russell Joseph ACA Bourner Bullock Chartered Accountants 114 St Martin's Lane Covent Garden London WC2N 4BE

Website : www.camara.org

1

Camara Education UK Ltd

Trustees’ Report

The trustees are pleased to present their annual trustees’ report together with the charity’s financial statements for the year ending 31 December 2022, which are also prepared to meet the requirements for a trustees’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, 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 (2nd Edition, effective January 2019) (“Charities SORP”)).

Appointment and Removal of Trustees

The power to and responsibility for the appointment and removal of Trustees from the Board rests with the Trustees collectively.

Objectives and activities

Camara Education UK Ltd is part of a wider group of related entities that carry out similar work in Ireland (Camara Education CLG) and the USA (Camara Education Inc). These entities support a network of education hubs in Africa, notably in Ethiopia, Kenya, Lesotho, Tanzania and Zambia. Together we refer to these entities as the Camara Network.

Camara is an international not for profit charity whose mission is to use technology to improve education and digital literacy skills for low-income people in Africa. We do this by providing sustainable IT equipment, teacher training and supporting software. Our vision is a world class technology-enabled educational system accessible to even the poorest people. We are dedicated to delivering real impact by inspiring and empowering a young generation to improve their own life opportunities.

We believe better education means better life opportunities for children. Camara operates as a social enterprise and works with educational institutions to support them with technology and training to deliver better educational outcomes and greater digital literacy.

To achieve real impact in maximising educational opportunities Camara focuses on 6 key goals:

The Camara African network consists of locally staffed education hubs in Ethiopia, Kenya, Lesotho, Tanzania and Zambia.

Each hub is responsible for the front-line delivery of the Camara Education model to educational institutes within their respective countries. How this happens varies country to country, however the overall objective of measurable improvement in learning outcomes is common to all of them.

2

Camara Education UK Ltd

Trustees’ Report

Each hub is constituted as a social enterprise which applies commercial strategies to maximise its ability to meet its social objective of transforming education in its home country.

In addition, there are three resource centres, one in each of Ireland, the UK and the U.S. which are responsible for securing funds through their commercial activities and providing management expertise to support our work in Africa.

Camara Education sources used computers from organisations and individuals in the UK and Ireland who donate their end of use computer equipment to us to support our work. Equipment not meeting the technical specification required for our programmes in Africa is resold to generate unrestricted funds, which allows us to source suitable equipment in the most cost-effective manner possible. Any equipment that requires recycling is processed according to the EU WEEE Directive.

Since 2005 Camara has sourced over 252,000 computers within its network. Of these, over half have been shipped to our hubs and the remainder recycled. Computers are refurbished and shipped in bulk to our local hubs in Africa where appropriate country specific software is loaded onto each computer prior to placement in computer labs in the respective schools.

Achievements and Performance

Main Achievements

The continuing Covid 19 pandemic restricted our ability to attach and ship computers to East Africa and also adversely impacted on shipping costs which increased significantly. School closures made teacher training more difficult than previous years and this lack of access to school buildings also made it problematic to perform routine maintenance work. Our own staff also faced workplace challenges and had to work remotely during the year where necessary.

Despite these challenges our activities across the five Camara education hubs (in Ethiopia, Kenya, Lesotho, Tanzania and Zambia) and our resource centres in the UK and Ireland continued to operate.

Our key measure of performance for the year resulted in the group:

3

Camara Education UK Ltd Trustees’ Report

Financial Review

The year’s financial results are outlined in the Statement of Financial Activities and Balance Sheet and further explained in the notes to the accounts.

Income

The company’s total income in 2022 amounted to £501,243 an increase of £358,121 (+243%) on 2021. Donations and grants were 4 times higher compared to 2021 though the value at £33,601 remains modest.

We again participated in The Big Give 2022 fundraising initiative, receiving £57,338 in the year under review.

Income from charitable activities rose significantly due to higher Remarketing revenue from sales of donated computer equipment, demonstrating the underlying success of the organisations change in strategy.

We have maintained strong relationships with our existing partners and expanded the business with new organisations in 2022. One of the main features of 2022 was the broadening of the computer donor base along with an increase in the number of collections from donor facilities outside the UK & Ireland which is a trend that has continued into 2023.

Expenditure

Expenditure levels increased in 2022 due to (i) disbursement of The Big Give funds to Kenya, Tanzania and Zambia, (ii) the continued investment in computer harvesting operations and (iii) resources to underpin both the charity’s activities and further growth anticipated in 2023. Expenditure of £517,881 was £326,367 higher than 2021 (+170%).

Reserves

The charity’s available reserves at the year-end are shown in note 12 of the financial statements and have been split between restricted and unrestricted as appropriate. The deficit of income over expenditure fell from £44,236 in 2021 to £12,482 for 2022. It is the policy of Camara Education to maintain an adequate level of reserves to fund working capital and unexpected events and to accumulate resources against unexpected changes in the funding environment so that our project work and the users of our services are not adversely affected.

It is the Trustees’ intention to increase its level of reserves to the equivalent value of six months operating costs to ensure that the charity can continue to meet its obligations and safeguard its activities.

As part of a Strategic Review undertaken by both Camara Education UK Ltd. and its sister organisation, Camara Education CLG (registered in Ireland), the decision was taken to have common oversight of each company due to the similar nature of the operations of both companies. This change facilitates flexibility and quicker decision making whilst also facilitating common corporate governance and financial support across both companies if needed.

4

Trustees’ Report

Camara Education UK Ltd

The balance sheet position as at 31st December 2022 is as follows:

Restricted reserves £47,828 Unrestricted reserves deficit £43,598

Restricted reserves align with funds held for a particular purpose as stipulated by donors. The organisation has a system in place to manage these restrictions carefully and ensure that we are fully compliant with donor requirements as well as our own policies and procedures.

Unrestricted reserves funds are available for the general purpose of the charity. Camara Education plans to use these to underpin our work and ensure sustainability of the services we offer.

Going Concern

The above outlines the review of the financial performance of Camara Education for 2022. Based on the performance in 2023 to date, forecast cashflows and the sufficiency of unrestricted reserves, the Board believes that the charity has adequate resources for the foreseeable future.

Unrestricted reserves as at the year-end were in deficit however this was funded by a loan from Camara Ireland of £86,982. The sister charity has expressed its commitment to continue to support the UK charity in its operations for the foreseeable future.

The Board believes that there are no material uncertainties that call into doubt Camara Education’s ability to continue in operation. Therefore, the financial statements have been prepared on a going concern basis.

Risk Management

Camara Education has an internal risk control system in place. The Directors are aware of the controls and are committed to reviewing these on an ongoing basis, via the finance and audit subcommittee. There is a comprehensive finance manual in place and controls exist over funding, expenditure and general financial management. Management accounts, including cash and reserves position, are shared with the Board at every board meeting.

Camara Education identifies the key risks facing the organisation and records these in a risk register. The risk register is an active management tool that is reviewed on a monthly basis by the senior management team. Each risk is rated and mitigating actions are assigned to ensure that there is minimal exposure to the risk. The risks are also reviewed to ensure that adequate mitigating actions are in place. The Board review the risk register on a quarterly basis.

Staff and Volunteers

Camara Education is operated through a network of committed staff and volunteers. Without their continuing drive and commitment Camara would not be the force it is. The directors reaffirm their commitment to an organisational culture that cares for our people and those we serve.

5

Camara Education UK Ltd

Trustees’ Report

Unprecedented External Events - Covid-19 (coronavirus)

In the opinion of the Trustees, there are continuing risks and uncertainties at this time due to the continuing prevalence of Covid 19 particularly in its African hubs. While this is a constantly changing situation, the Board of Trustees is monitoring and following best international practice including social distancing protocols, limited visits to schools and staff members working remotely where appropriate.

The Board of Trustees will continue to monitor the situation and take any measures necessary to ensure that any impact on staff and the finances of the organisation is minimised to the best extent possible.

The Trustees have given due consideration to the impact of the crisis on the charity using all available information at the date of signing this report and have concluded that no adjustments are required for the Financial Statements as at 31 December 2021 in relation to Covid-19.

Future Plans

The outbreak of Covid-19 and its impact on the worldwide community has resulted in a change in almost all aspects of our work. Despite this Camara will strive to continue to deliver our mission “to supply sustainable IT equipment, training and software to educate young people in Ethiopia, Kenya, Lesotho, Tanzania and Zambia.

In line with that Camara will continue to:

6

Camara Education UK Ltd

Independent Examiner's Report to the trustees of Camara Education UK Ltd

I report to the trustees (who are also Directors for the purpose of company law) on my examination of the financial statements of Camara Education UK Ltd (‘the charitable company’) for the year ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of charitable company 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 charitable company are not required to be audited under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’) and 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.

As permitted by Direction 2, issued by the Charity Commission the firm for which I work has provided the Company with bookkeeping services during the year ended 31 December 2021. As a consequence I have followed the requirement of the FRC’s Ethical Standard when undertaking this assignment.

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

8

Camara Education UK Ltd

Independent Examiner's Report to the trustees of Camara Education UK Ltd

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.

Russell Joseph ACA Bourner Bullock Chartered Accountants Sovereign House 212-224 Shaftesbury Avenue London WC2H 8HQ

27.07.2023 Date: ……………………….

9

Camara Education UK Ltd

Statement of Financial Activities for the Year Ended 31 December 2022

(Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note Unrestricted
funds
£
25,311
410,304
435,615
455,223
455,223
(19,608)
(23,990)
(43,598)		 Restricted
funds
£
8,290
57,338
65,628
62,658
62,658
2,970
44,858
47,828		 Total
2022
£
33,601
467,643
501,243
517,881
517,881
(16,638)
20,868
4,230
Total
2021
£
8,487
138,791
Income from:
Donations
3
Charitable activities
4, 5
Total Income
Expenditure on:
Charitable activities
6
Total Expenditure
Net income/(expenditure) and
net movement in funds
Reconciliation of:
Total funds brought forward
Total funds carried forward
12
147,278
191,514
191,514
(44,236)
65,104
20,868

All of the Charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 14.

10

2022 2021.
Note t E
Currentassets
Debtors 9 L49,538 N,965
Cashatbank 85,744 5L945
235,278 95,910
Creditors:Amountsfallingduewithinoneyear 10
(231.,048)		 (75,042)
Net assets/(liabilities) ___j,230_ 24,868
FundsoftheCharfty
Unrestrictedincomefunds 12 (43,598) (23p90)
Restricted incomefunds 12 47,828 44858
Totalfunds 4,%A 2A,868

Camara Education UK Ltd Statement of Cash Flows for the Year Ended 31 December 2022

Net loss for the year
Net cash flows from operating
activities
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by/used in operating
activities
Increase / (decrease) in cash & cash
equivalents in the year
Cash & Cash equivalents at the beginning
of the year
Total cash & cash equivalents at the end
of the year		 2022
£
2021
£
(12,482)
(44,236)
(112,729)
(16,393)
156,006
70,164
30,795
9,535
30,795
9,535
54,945
45,410
85,740
54,945

12

Camara Education UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2022

1 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation

The financial statements have been prepared in accordance with 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 (2nd Edition, effective January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Camara Education UK Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The financial statements have been prepared on a going concern basis.

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

Based on the performance in 2022 to date, forecast cashflows and the sufficiency of unrestricted reserves, the Board believes that the charity has adequate resources for the foreseeable future.

Unrestricted reserves as at the yearend were in deficit however this was funded by a loan from Camara Ireland of £86,982. The sister charity has expressed its commitment to continue to support the UK charity in its operations for the foreseeable future.

The Board believes that there are no material uncertainties that call into doubt Camara Education’s ability to continue in operation. Therefore, the financial statements have been prepared on a going concern basis.

Income

Donations

Voluntary income including donations, gifts and grants that provide core funding or are recognised when the Charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Income from charitable activities

Income is generated by sales of donated computer equipment, which is of a type or specification unsuitable for use in schools and by the sale of refurbished computer sets (PC and monitor or laptop) to Camara Education Hubs in Africa.

13

Camara Education UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2022

Gifts in kind

Gifts in kind are recognised in different ways dependent on how they are used by the Charity:

Donated services and facilities

Where services or facilities are provided to the Charity as a donation that would normally be purchased from our suppliers, this benefit is included in the financial statements at its fair value unless its fair value cannot be reliably measured, then at the cost to the donor or the resale value of goods that are to be sold.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs. The restricted pension costs have been allocated accordingly on the basis of the restricted grants received.

Charitable activities

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the Charity’s compliance with constitutional and statutory requirements, including audit, strategic management and Trustee’s meetings and reimbursed expenses.

14

Camara Education UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2022

Foreign currency translation

Transactions denominated in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. All differences are included in net movements in funds.

Investments

Investments in subsidiaries are held at cost less any impairments.

Financial instruments

The Charity only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

The charity does not have anything other than basic financial instruments.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Charity will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

15

Camara Education UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2022

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Conduit funds

Funds received by the charity where there are instructions to make payment directly to another charitable organisation are treated as conduit funds on the basis that the charity is acting as agent and the Trustees do not have any discretion over the use to which the funds are put. Conduit funds are not recognised in the Statement of Financial Activities.

Fund accounting

Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the Charity.

Designated income funds are general funds which have been set aside at the trustee’s discretion for specific purposes. As at the year end, and in line with the previous year, the Charity does not have any designated funds.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

2 Judgements

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Trustees consider that there are no significant areas of judgements or estimates.

16

Camara Education UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2022

3 Income from donations

3 Income from donations
Unrestricted Restricted
funds
£
8,290
-
8,290
Restricted
funds
£
-
-
57,338
57,338		 Total Total
2021
£
8,483
4
funds
£
22,601
2,710		 2022
£
30,891
2,710
33,601
Grants and donations
Gift aid
25,311 8,487
4 Income from charitable activities Total
2021
£
8,955
84,712
45,124
Unrestricted Total
funds
£
95,269
315,035
-
410,304		 2022
£
95,269
315,035
57,338
467,642
ITAD Collection & Processing Fees
Remarketing
Fundraising income
138,791

Income from charitable activities arises from sales of refurbished computers which are provided for the beneficiaries of the charity.

17

Camara Education UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2022

5 Expenditure on charitable activities

5 Expenditure on charitable activities
Costs
2022
£
172,949
227,390
364
93,845
17,884
5,449
517,881
Costs
2021
£
17,524
154,635
5,178
-
6,841
7,336
191,514
ITAD collection & processing charges
Salary and related costs
Other expenses
Project expenses
Allocated support costs (see note 6.1)
Allocated governance costs (see note 6.1)
Total

5.1 Analysis of governance and support costs

2022 Support costs
£		 Governance costs
£		 Total costs
£
393
104
554
479
4,349
1,100
447
13,497
1,434
Insurance 393 -
1,080 -
Printing, telephone, postage and
stationery
Computer and maintenance costs 554 -
479
-
-
447
13,497
1,434
17,884		 -
4,349
1,100
-
-
-
5,449
Bank charges
Accountancy
Independent examiners fees
Management charges
Travel
Sundry
23,333
Total

18

Camara Education UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2022

5.1 Analysis of governance and support costs (continued)

2021 Support costs
£
31		 Governance costs
£
-		 Total costs
£
31
2,730
822
178
312
6,336
1,000
1,000
1,768
Rent and rates
Insurance 2,730 -
822 -
Printing, telephone, postage and
stationery
Computer and maintenance costs 178 -
312
-
-
1,000
1,768
6,841		 -
6,336
1,000
-
-
7,336
Bank charges
Accountancy
Independent examiners fees
Management charges
Travel
14,177
Total

6 Net incoming/outgoing resources

Net (outgoing)/incoming resources for the year include:

Net (outgoing)/incoming resources for the year include:
2022
£
2021
£
(364)
-
Foreign exchange gains/(loss)

19

Camara Education UK Ltd Notes to the Financial Statements for the Year Ended 31 December 2022

7 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any benefits from the charity during the year £nil (2021: - £nil).

During the year, the charity paid travel expenses on behalf of the Trustees amounting £446.90 (2021 - £89.71). The Trustees reimbursed amounts totalling £446.90 (2021 - £89.71). The balance owed to the charity is £nil (2021 - £nil).

During the year, the trustees have given restricted donations of £15,300 (2021: £10,200) as part of the Big Give campaign and £3,510 (2021: £nil) as part of the Diplomasia school campaign.

Aggregate donations received during the year from Trustees without conditions placed on the charity were £nil (2021: £nil)

8 Staff costs

During the year, the average monthly headcount employed by the Charity was 3 (2021: 2).

The aggregate payroll costs were as follows:

2022
£
114,507		 2021
£
58,167
854
1,745
1,126
Staff costs during the year were:
Wages
Social security costs 7,707
Employer contributions to pension 3,435
Other staff costs 3,743
129,392 61,892

Contributions to the employee pension schemes for the year totaled £3,435 (2021 - £1,745).

No employee received emoluments of more than £60,000 during the year, or in the previous year.

20

Camara Education UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2022

9 Debtors

2022
£
100,791
36,276
2,339
10,132
149,538		 2021
£
14,205
18,324
3,067
5,369
Trade debtors
Accrued Income
Prepayments
Other debtors
40,965
10 Creditors: amounts falling due within one year
2022
£		 2021
£
Trade creditors 55,782 4,895
Social security and other taxes 3,883 5,378
Amounts owed to group undertakings 151,222 50,000
Accruals 20,161 14,770
231,048 75,042

11 Charity status

The Charity is a Charity limited by guarantee and consequently does not have share capital. The Charity currently has eleven members, each of whom is liable to contribute an amount not exceeding £10 towards the assets of the Charity in the event of liquidation.

12 Funds

Unrestricted funds
Unrestricted general funds
Unrestricted income fund
Restricted funds
Restricted income fund
Total funds		 Balance at 1
January 2022
£
(23,990)
44,858
20,868		 Incoming
resources
£
435,615
65,628
501,243		 Resources
expended
£
(455,223)
(62,658)
(517,881)		 Balance at 31
December
2022
£
(43,598)
47,828
4,230

21

Camara Education UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2022

12 Funds (continued)

Unrestricted funds
Unrestricted general funds
Unrestricted income fund
Restricted funds
Restricted income fund
Total funds		 Balance at 1
January 2021
£
65,104
-
65,104		 Incoming
resources
£
102,420
44,858
147,279		 Resources
expended
£
(191,514)
-
(191,514)		 Balance at 31
December
2021
£
(23,990)
44,858
20,868

The specific purposes for which the funds are to be applied are as follows:

Unrestricted funds are income from charitable activities and donations provided for support of the charity, without restriction on how funds should be deployed.

Restricted funds:

The Big Give campaign - Camara Education UK Ltd participated in The Big Give fundraising initiative prior to Christmas in both 2021 and 2022. Funds received from this initiative in the period under review were £57,338. Funds spent on this initiative during 2022 amounted to £62,658 across Kenya, Tanzania and Zambia.

Diplomasia School – Camara Education UK Ltd received donations of £8,290 in the period under review for the specific purpose of establishing a computer lab at this school in Dar Es Salaam, Tanzania.

13 Analysis of net assets between funds

Current assets
Current liabilities
Total net assets		 Unrestricted
funds
£
187,450
(231,048)
(39,442)		 Restricted
funds
£
47,828
-
47,828		 Total
funds
£
235,278
(231,048)
4,230

22

Camara Education UK Ltd

Notes to the Financial Statements for the Year Ended 31 December 2022

14 Related party transactions

During the year, Camara Education UK Ltd paid management fees of £nil (2021: £nil) to Camara Education Limited (CEL) and received repayments of £nil from CEL, a charity under common control. At the year end, there was a loan amount owed to CEL of £86,982 (2021: £50,000).

At the year end, there was a current account amount owed to CEL of £64,240 (2021: £nil).

At the year end there was an amount due to Camara Education UK Limited of £nil (2021-£6,762). During the year £3,486 was paid and £3,276 treated as an additional donation to Camara Tanzania.

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