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: 

- Building ICT skills for teachers and school management on a sustainable basis. 

- Providing sustainable hardware to ensure delivery of our strategy. 

- Developing partnerships with like-minded organisations to ensure we cater for the needs of those we serve. 

- Utilising technology to measure the impact of our activities for our stakeholders. 

- Employ and develop Camara staff to enable staff progression and ensure the delivery of results in our chosen areas of expertise. 

- Generate the financial resources required to deliver our strategy. 

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: 

- Supporting 493 schools 

- Reaching an additional 360,199 students through educational programmes supported by technology 

- Supporting ICT capacity development of 2,298 teachers via face-to-face ICT training 

- Installing 6,671 computers 

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: 

- Increase our income from computer acquisition through the outsourcing agreement with our ITAD (IT Asset Disposal) partners to provide a sustainable income base for our work 

- Develop and broaden our fundraising strategies to increase income to support our project work 

- Invest in our product offerings to constantly improve our support to our teachers, students and school managers. 

- Invest in our staff to enable them to grow and fulfil their potential with Camara 

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: 

- ➢ accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Act; or 

- ➢ the financial statements do not accord with those records; or 

- ➢ the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the financial statements give a ‘true and fair view which is not a matter considered as part of an independent examination; or 

8 



**Camara Education UK Ltd** 

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

- ➢ 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. 


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**<br>**funds**<br>**£**<br>25,311<br>410,304<br>435,615<br>455,223<br>455,223<br>(19,608)<br>(23,990)<br>(43,598)|**Restricted**<br>**funds**<br>**£**<br>8,290<br>57,338<br>65,628<br>62,658<br>62,658<br>2,970<br>44,858<br>47,828|**Total**<br>**2022**<br>**£**<br>33,601<br>467,643<br>501,243<br>517,881<br>517,881<br>(16,638)<br>20,868<br>4,230||
|---|---|---|---|---|
|||||**Total**<br>**2021**<br>**£**<br>8,487<br>138,791|
|**Income from:**|||||
|Donations<br>3|||||
|Charitable activities<br>4, 5<br>Total Income<br>**Expenditure on:**<br>Charitable activities<br>6<br>Total Expenditure<br>Net income/(expenditure) and<br>net movement in funds<br>**Reconciliation of:**<br>Total funds brought forward<br>Total funds carried forward<br>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|<br>(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<br>**Net cash flows from operating**<br>**activities**<br>(Increase)/decrease in debtors<br>Increase/(decrease) in creditors<br>**Net cash provided by/used in operating**<br>**activities**<br>Increase / (decrease) in cash & cash<br>equivalents in the year<br>Cash & Cash equivalents at the beginning<br>of the year<br>**Total cash & cash equivalents at the end**<br>**of the year**|**2022**<br>**£**<br>**2021**<br>**£**<br>(12,482)<br>(44,236)<br>(112,729)<br>(16,393)<br>156,006<br>70,164|
|---|---|
||30,795<br>9,535|
||30,795<br>9,535<br>54,945<br>45,410|
||85,740<br>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: 

- (i) Those donated for resale produce income when they are sold. They are valued at the amount actually realised. 

- (ii) Those donated for onward transmission to beneficiaries are included in the Statement of Financial Activities as incoming resources and resources expended when they are distributed. They are valued at the amount the Charity would have had to pay to acquire them. 

- (iii) Those donated for use by the Charity itself are included when receivable. They are valued at the amount the Charity would have had to pay to acquire them. 

## _**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**<br>**funds**<br>**£**<br>8,290<br>-<br>8,290<br>**Restricted**<br>**funds**<br>**£**<br>-<br>-<br>57,338<br>57,338|**Total**|**Total**<br>**2021**<br>**£**<br>8,483<br>4|
|||**funds**<br>**£**<br>22,601<br>2,710||**2022**<br>**£**<br>30,891<br>2,710<br>33,601||
|||||||
|Grants and donations||||||
|Gift aid||||||
|||25,311|||8,487|
|**4 Income from charitable activities**|||||**Total**<br>**2021**<br>**£**<br>8,955<br>84,712<br>45,124|
|||**Unrestricted**||**Total**||
|||**funds**<br>**£**<br>95,269<br>315,035<br>-<br>410,304||**2022**<br>**£**<br>95,269<br>315,035<br>57,338<br>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**<br>**2022**<br>**£**<br>172,949<br>227,390<br>364<br>93,845<br>17,884<br>5,449<br>**517,881**||
|||**Costs**<br>**2021**<br>**£**<br>17,524<br>154,635<br>5,178<br>-<br>6,841<br>7,336<br>**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**<br>**£**|**Governance costs**<br>**£**|**Total costs**<br>**£**<br>393<br>104<br>554<br>479<br>4,349<br>1,100<br>447<br>13,497<br>1,434|
|---|---|---|---|
|||||
|||||
|Insurance|393|-||
||1,080|-||
|Printing, telephone, postage and||||
|stationery||||
|||||
|Computer and maintenance costs|554|-||
||479<br>-<br>-<br>447<br>13,497<br>1,434<br>**17,884**|-<br>4,349<br>1,100<br>-<br>-<br>-<br>**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**<br>**£**<br>31|**Governance costs**<br>**£**<br>-|**Total costs**<br>**£**<br>31<br>2,730<br>822<br>178<br>312<br>6,336<br>1,000<br>1,000<br>1,768|
|---|---|---|---|
|||||
|||||
|Rent and rates||||
|||||
|Insurance|2,730|-||
||822|-||
|Printing, telephone, postage and||||
|stationery||||
|||||
|Computer and maintenance costs|178|-||
||312<br>-<br>-<br>1,000<br>1,768<br>**6,841**|-<br>6,336<br>1,000<br>-<br>-<br>**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**<br>**£**<br>**2021**<br>**£**<br>(364)<br>-|
|||
|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**<br>**£**<br>114,507|**2021**<br>**£**<br>58,167<br>854<br>1,745<br>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**<br>**£**<br>100,791<br>36,276<br>2,339<br>10,132<br>149,538|**2021**<br>**£**<br>14,205<br>18,324<br>3,067<br>5,369|
|---|---|---|
||||
|Trade debtors|||
|Accrued Income|||
|Prepayments|||
|Other debtors|||
|||40,965|
|**10 Creditors: amounts falling due within one year**|||
||||
||**2022**<br>**£**|**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**<br>**_Unrestricted general funds_**<br>Unrestricted income fund<br>**Restricted funds**<br>Restricted income fund<br>**Total funds**|**Balance at 1**<br>**January 2022**<br>**£**<br>(23,990)<br>44,858<br>20,868|**Incoming**<br>**resources**<br>**£**<br>435,615<br>65,628<br>501,243|**Resources**<br>**expended**<br>**£**<br>(455,223)<br>(62,658)<br>(517,881)|**Balance at 31**<br>**December**<br>**2022**<br>**£**<br>(43,598)<br>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**<br>**_Unrestricted general funds_**<br>Unrestricted income fund<br>**Restricted funds**<br>Restricted income fund<br>**Total funds**|**Balance at 1**<br>**January 2021**<br>**£**<br>65,104<br>-<br>65,104|**Incoming**<br>**resources**<br>**£**<br>102,420<br>44,858<br>147,279|**Resources**<br>**expended**<br>**£**<br>(191,514)<br>-<br>(191,514)|**Balance at 31**<br>**December**<br>**2021**<br>**£**<br>(23,990)<br>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<br>Current liabilities<br>Total net assets|**Unrestricted**<br>**funds**<br>**£**<br>187,450<br>(231,048)<br>(39,442)|**Restricted**<br>**funds**<br>**£**<br>47,828<br>-<br>47,828|**Total**<br>**funds**<br>**£**<br>235,278<br>(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. 

23