**Charity Registration No. 1145679**
**Company Registration No. 07839372 (England and Wales)**
## **THE CAMELLIA FOUNDATION**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 JUNE 2021**
## **THE CAMELLIA FOUNDATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees**
S C Buckland M A Knight Dr T Y Takla S C Turner C P Smith (Appointed 1 November 2021)
**Managing Director** S C Turner **Charity number** 1145679 **Company number** 07839372 **Registered office** 5 Fleet Place London United Kingdom EC4M 7RD **Independent examiner** M Wilkes FCA Azets Audit Services Globe House Eclipse Park Sittingbourne Road Maidstone Kent United Kingdom ME14 3EN **Bankers** CAF Bank Limited 25 Kings Hill Avenue West Malling Kent United Kingdom ME19 4JQ
## **THE CAMELLIA FOUNDATION**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Statement of cash flows|8|
|Notes to the financial statements|9 - 18|
## **THE CAMELLIA FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 JUNE 2021**_
The Trustees present their report and the financial statements of the charity for the year ended 30 June 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
## **Objectives and activities**
The Charity was incorporated on 8 November 2011 with company registration number 07839372 and registered with the Charity Commission in January 2012 with charity registration number 1145679. Its registered address is as set out on the Legal and Administrative page. The Charity’s purposes are as follows.
- To prevent and relieve poverty, financial hardship and sickness of both able-bodied and disabled people for the public benefit, especially those in developing countries and those of Tibetan origin, by providing or assisting with the provision of education, training, healthcare, projects, and all the necessary support designed to enable individuals to be self-sufficient (where possible) and to live fulfilling lives.
- To promote, for the public benefit, the education of people, especially those in developing countries and those of Tibetan origin, including the funding of educational facilities and their staff, making grants, loans and bursaries, and providing, or assisting with the provision of, opportunities and benefits incidental to such education.
- To promote, for the public benefit, the education of people, especially those of Tibetan origin, in the culture and way of life of Tibetan people, and to preserve and promote all aspects thereof.
- To promote religious harmony, for the public benefit, by encouraging or assisting with the encouragement of the development of knowledge, mutual understanding and respect for the beliefs and practices of different religious faiths.
- To promote the conservation, protection and improvement of the physical and natural environment, especially in developing countries, for the public benefit, including by providing, or assisting with the provision of, education and any other project.
The achievement of our objectives is primarily dependent on the ability of those we support to implement their plans; this is not always straightforward, particularly in developing regions.
Our primary goal is to develop relationships which exist through our Director/Trustees, and identify and build new relationships with established organisations which allocate funding in the areas to which our objects relate. Where we believe that these organisations share one or more of our purposes, and are efficient in their use of resources, we will consider providing them with funding. Another key objective is the direct funding of projects which fall within our objects. We anticipate, as a grant-making body, receiving requests to provide such funding as part of a broad request for donations. Thirdly, we envisage funding individuals directly where their activities fall within our objects. Developing and maintaining strong links with individuals who are engaged with activities relating to our charitable purposes is likely to provide mutual benefits as our work progresses.
The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the guidance contained in the Charity Commission’s general guidance on the public benefit when reviewing the Foundation’s aims and objectives and in the planning of future activities.
- 1 -
## **THE CAMELLIA FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2021**_
## **Achievements and performance**
We have continued to build on our relationships with existing and new donee organisations.
The Charity judges its impact on the quality of the relationships developed with its beneficiaries, who themselves so positively influence their communities. We are pleased to note that our activities fell within our budgeting, and that we were able to provide additional support where necessary.
Donations made in this period totalled £357,723 (2020: £416,059). Approximately 63% of this amount was donated for educational purposes, including funding for a small boarding school for children of agricultural workers in Bangladesh, support for an organisation providing early-years, school-age and adult education for a less well-off community in Montreal and funding for an organisation supporting the education of young people in Myanmar. Around 9% went to organisations which aim to preserve Tibetan culture, including funding for a UK community centre and support for a ‘Sunday school’ and youth group for young people with Tibetan heritage. Around 15% of the funding was provided for health organisations, including grants to assist an organisation preventing disability in rural Bangladesh and to support the response to the Covid-19 emergency in India. Approximately 5% of funding went to organisations working towards relief of poverty, including assisting an organisation supporting pavement dwellers in India. The Charity also continued funding projects which protect the natural environment and promote religious harmony.
Our donees were primarily located in Bangladesh, Canada, Germany, India, the UK and the USA; their beneficiaries were situated in these and other countries, including Kenya, Malawi, Myanmar, and Tibet.
Donations made in the period to 31 December 2021 totalled £179,463 (2020: £244,663). As well as continuing working with existing donees we have provided funding to support the creation of a combined Eye and Dental clinic at a hospital in Malawi.
The Trustees have reviewed the major risks to which the Charity is exposed and systems have been established to mitigate those risks. All grants have to be notified to all Trustees, and those above £5,000 approved by the Donations Committee.
## **Financial review**
During the period under review, the Charity relied on a principal donor for its income, although it has in the past received donations from other sources.
We should like to thank our principal donor, and particularly our Charity Trustees, whose time and talents remain crucial to the Charity’s continuing work.
The financial results of the Charity are set out on pages 6 to 17.
Income for the year amounted to £621,000 (2020: £706,000).
Expenditure during the year totalled £600,912 (2020: £668,110), including charitable grants approved of £357,723 (2020: £416,059). This figure comprises the donations made as outlined above and grants totalling £33,393 which were unpaid at the year end. The main recipients of the grant payments are set out in note 5.
Net income for the year amounted to £20,088 (2020: £37,890) and total funds at 30 June 2021 therefore amounted to £161,449 (2020: £141,361), all of which are unrestricted.
## _Reserves policy_
The financial policy is decided by the Trustees in regular meetings so that funds can be distributed in accordance with the articles of association.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to at least six months ' expenditure. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year , the closing balance being £161,449.
- 2 -
## **THE CAMELLIA FOUNDATION**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2021**_
## **Financial review (continued)**
The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
We anticipate making more contacts with organisations in the fields which are covered by our objects and, where possible, will begin to develop initiatives which we can either deliver by ourselves, or encourage others to deliver. There is a great deal of potential for making small amounts go a long way, and we hope to join with efficient, well-run organisations to make a beneficial impact in our local and global community.
## **Going concern**
The trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt a going concern basis in preparing the annual financial statements.
Further details regarding the adoption of the going concern basis can be found in note 1.2 to the financial statements.
## **Structure, governance and management**
The Charity is a company limited by guarantee, governed by articles of association and regulated by both company and charity legislation.
The trustees (and directors) who served during the year and up to the date of signature of the financial statements were:
S C Buckland M A Knight Dr T Y Takla S C Turner C P Smith (Appointed 1 November 2021)
In the event of the dissolution of The Camellia Foundation any net remaining assets of the Charity shall be applied or transferred in any of the following ways:
- directly for the charitable objects; or
- by transfer to any Charity or Charities for purposes similar to the objects; or
- to any Charity or Charities for use for particular purposes that fall within the objects.
Under the articles of association, applications for statutory membership of the Charity are considered by the Board of Trustees/Directors, and either the Directors or the members may appoint Directors (who must also be trustees and statutory members of the Charity).
At 30 June 2021 there were 4 statutory members each of whom had a personal liability not exceeding £10 in the event of the charitable company being wound up while they are members or within a year thereafter.
The Board of Trustees/Directors meets at least on a quarterly basis, and there are two committees of the Board, a donations committee and an accounts review committee, which meet as and when appropriate to fulfil their functions.
Trustees are briefed prior to meetings and whenever else is necessary. Where practical, Trustees are able to meet with beneficiary organisations, and they are regularly informed as to the nature of the beneficiaries generally; training on important board issues is also considered periodically. Any new trustee would meet with all of the Trustees/Directors prior to being invited onto the board and would then be comprehensively inducted by them through discussion of the vision of the Charity, as well as its policies and procedures.
In the relevant period Simon Turner was the Managing Director. There are appropriate provisions in the articles of association dealing with the avoidance of conflicts of interest, and these have been applied.
- 3 -
THE CAMELLIA FOUNDATION
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
Stru¢tur•, gov•rnanc• and man•g•m•nt Icontlnu•d}
Diroctors generally receive no Muneration for holding ihal office or p•rfoming that role. Ona of the
Dir8ciors Is Temunorated for his work las Managing Director} following Charity C¢)mmission approval. and the
levtrl of his rernuneration is 9ov¢med by written agreement. Since the Charity has a small board, no $p•afic
committee exists to dèal th remuneration or other employnwnt-ielaled matters.
The Tru$taos' rnport was approved by Ihe Board of TruBte8s.
S C 8uckland
Trustee
Oat•d:
3iJ
## **THE CAMELLIA FOUNDATION**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CAMELLIA FOUNDATION**
I report to the Trustees on my examination of the financial statements of The Camellia Foundation (the charity) for the year ended 30 June 2021.
## **Responsibilities and basis of report**
As the Trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **M Wilkes FCA Azets Audit Services**
Globe House Eclipse Park Sittingbourne Road Maidstone Kent ME14 3EN United Kingdom
Dated: 9 February 2022
- 5 -
## **THE CAMELLIA FOUNDATION**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 30 JUNE 2021**_
|||**Unrestricted**|Unrestricted|
|---|---|---|---|
|||**funds**|funds|
|||**2021**|2020|
||**Notes**|
**£**|**£**|
|**Income from:**||||
|Donations and legacies|**3**|621,000|706,000|
|**Expenditure on:**||||
|Charitable activities|**4**|600,912|668,110|
|**Net movement in funds**||20,088|37,890|
|Fund balances at 1 July 2020||141,361|103,471|
|**Fund balances at 30 June 2021**||161,449|141,361|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 6 -
THE CAMELLIA FOUNDATION
BALANCE SHEET
AS AT30 JUNE 2021
2021
2020
Flxed assets
Tangbble assets
31.417
39,579
Curr•nt a•••ts
Dfrblors
Cash al b8nk and in hand
10
11,142
171.606
7.488
165.898
182.748
173.386
Cr•dIt*. •mount¥ f•lllng du• wlthln
on• year
11
152.7161
171,6041
Nel cJJrrenl assets
130,032
101.782
Totsl ••••ts l•u curr•nl Il•blllllMI
Net ¥*••t•
161,449
141.361
Inwn• fund•
Unwtrtr'cled fund$
161,449
141,361
161,449
141,361
The ¢omyny 18 •ntilled to th• •xernptt from lh• audit reqvir•m•nt conl•in•d in ¥odJ"on 477 01 the Companles
Act 2006, for the year endo(130 June 2021.
The diraclors acknovlodgo thwr r¥$pwsibiliti¥s lor cOmng wilh Ihe requirem•nts of thè Ctynpanie$ Act 2006
with respect to accounting recNds 8rKI the Fry>arab"on of finanaal slalernents.
The members have nol required Ihe compgny to oblain an audil of its financial $ts¢emfjnts for Ihe year in
question in accordance with seraion 476.
These flnancial slalemenls have Ixen prepared in accordance *ilh the provisiw$ 8pplit4tle lo companies
subjecl lo the Small wnpanies regime.
3iJ
The fln8nd81 $ts18ments were approved bythe Truslees on......................
ud(18nd
Truste•
S C Tumer
Trusl
Comp•Dy R•gl•llon 07839372
## **THE CAMELLIA FOUNDATION**
## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 30 JUNE 2021**_
|**2021**
**Notes**
**£**
**Cash flows from operating activities**
Cash generated from operations
**15**
**Net cash used in investing activities**
**Net cash used in financing activities**
**Net increase in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2020**
**£**
**£**
5,708
-
-
5,708
165,898
171,606|**£**
98,350
-
-
98,350
67,548
165,898|
|---|---|---|
- 8 -
## **THE CAMELLIA FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 JUNE 2021**_
## **1 Accounting policies**
## **Charity information**
The Camellia Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is 5 Fleet Place, London, EC4M 7RD, United Kingdom.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling , which is the functional currency of the charity . Monetary a mounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. No restricted funds existed during the year under review.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.
- 9 -
## **THE CAMELLIA FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2021**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. It is categorised under the following headings:
- Expenditure on charitable activities
- Other expenditure
In the trustees' opinion all expenditure for the year was incurred on charitable activities.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Grant expenditure is recognised when awarded to the recipient. The expense is included on an accruals basis in the year in which a legal or constructive obligation to pay the grant arises.
Support costs are an integral part of the charity's expenditure on charitable activities and include essential office costs, governance costs and administrative costs. These are incurred directly in support of the expenditure on the objects of the charity.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
Depreciation is recognised annually so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computer Equipment 33.33% on cost Office Equipment 15% on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity 's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 10 -
## **THE CAMELLIA FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2021**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The charity operates a defined pension contribution plan for the benefit of one of its employees. Contributions are expensed as they become payable.
## **1.12 Foreign exchange**
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in net income/(expenditure) for the period.
## **2 Critical accounting estimates and judgements**
Accounting 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.
No judgements or key assumptions were made in the preparation of the accounts.
- 11 -
## **THE CAMELLIA FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2021**_
## **3 Donations and legacies**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|
**funds**|
||**2021**|
**2020**|
||**£**|
**£**|
|Donations and gifts|621,000|
706,000|
- 12 -
## **THE CAMELLIA FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2021**_
## **4 Charitable activities**
|**Staff costs Direct costs**
**Support**
**costs**
**2021**
**2021**
**2021**
**£**
**£**
**£**
Staff costs (note 8)
178,769
-
-
Depreciation
-
-
8,162
Staff training
-
-
-
Staff insurance - BIK
6,647
-
-
Bank charges
-
529
-
Travel, subsistence and meeting costs
-
336
-
Sundry expenses
-
132
-
Subscriptions
-
-
2,512
Printing, postage and stationary
-
-
11
Telephone
-
-
2,267
Rent, service charge and rates
-
-
36,000
Insurance - charity
-
-
1,230
Independent examination fees
-
-
4,794
Legal and professional fees
-
-
1,800
185,416
997
56,776
Grant funding of activities (see note 5)
-
357,723
-
185,416
358,720
56,776|**Total**
**2021**
**Staff costs Direct costs**
**Support**
**costs**
**2020**
**2020**
**2020**
**£**
£
**£**
**£**
178,769
177,326
-
-
8,162
-
-
8,291
-
2,985
-
-
6,647
6,332
-
-
529
-
424
-
336
-
9,355
-
132
-
397
-
2,512
-
-
2,132
11
-
-
247
2,267
-
-
2,800
36,000
-
-
36,000
1,230
-
-
1,112
4,794
-
-
4,650
1,800
-
-
-
243,189
186,643
10,176
55,232
357,723
-
416,059
-
600,912
186,643
426,235
55,232|**Total**
**2020**
**£**
177,326
8,291
2,985
6,332
424
9,355
397
2,132
247
2,800
36,000
1,112
4,650
-
252,051
416,059
668,110|
|---|---|---|
## **Governance costs**
Included in Direct costs are costs relating to Trustees' meetings amounting to £Nil (2020: £483). Included in Support costs are the costs relating to the Independent Examination amounting to £4,794 (2020: £4,650).
- 13 -
## **THE CAMELLIA FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2021**_
## **5 Grants payable**
||**Direct costs**|**Direct costs**|
|---|---|---|
||**2021**|
**2020**|
||**£**|
**£**|
|Grants to institutions (33 grants):|||
|Abu Subhan Welfare Trust|131,281|
141,734|
|Goodricke Group Charitable Trust|12,000|
1,400|
|Foundation for Developing Compassion and Wisdom|18,000|
21,000|
|Prospect Burma|20,000|
20,000|
|Meridian Trust|-|
20,000|
|Compassion Matters|20,000|
20,000|
|The IMPACT Foundation|40,000|
20,000|
|The Jamyang Centre|10,000|
15,000|
|Nomadic Survival|16,000|
10,000|
|The Centre for Theology and Community|10,000|
10,000|
|Other|80,442|
106,825|
||357,723|
385,959|
|Grants to individuals|-|
30,100|
||357,723|
416,059|
Included in Other grants are two institutional grants totalling £18,659 (2020: £39,330). The Charity has withheld the disclosure on the basis that disclosure would provide grounds for serious prejudice. All grants were made in furtherance of the Charity’s objects.
## Commitments
During the year a total of £357,723 (2020: £416,059) grants were approved by the Board and £376,172 (2020: £364,217) was paid to the beneficiaries. At 30 June 2021 there were unpaid commitments totalling £33,393 (2020: £51,842). These are included in other creditors (note 11).
## **6**
|**Net movement in funds**|**2021**|**2020**|
|---|---|---|
||**£**|**£**|
|Net movement in funds is stated after charging/(crediting)|||
|Depreciation of owned tangible fixed assets|8,162|8,291|
## **7 Trustees**
Other than that disclosed in note 8, n one of the Trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
During the year to 30 June 2021 three Trustees who served were reimbursed travel expenses and subscriptions totalling £2,163 (2020: £11,023). These expenses were incurred in direct furtherance of the Charity’s objectives.
- 14 -
## **THE CAMELLIA FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2021**_
## **8 Employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2021**
**Number**
1
**2021**
**£**
148,342
15,593
14,834
178,769|**2020**
**Number**
1
**2020**
**£**
145,870
16,869
14,587
177,326|
|---|---|---|
S C Turner (Trustee) is the key management employee of the charity and the only employee. He is in charge of directing and controlling, running and operating the charity on a day to day basis.
The number of employees whose annual remuneration was £60,000 or more were:
|||**2021**|**2020**|
|---|---|---|---|
|||**Number**|**Number**|
|£140,000|- £150,000|1|1|
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## **THE CAMELLIA FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2021**_
|**9**
**Tangible fixed assets**
**Computer**
**Equipment**
**Office**
**Equipment**
**£**
**£**
**Cost**
At 1 July 2020
2,083
54,411
Disposals
(2,083)
-
At 30 June 2021
-
54,411
**Depreciation and impairment**
At 1 July 2020
2,083
14,832
Depreciation charged in the year
-
8,162
Eliminated in respect of disposals
(2,083)
-
At 30 June 2021
-
22,994
**Carrying amount**
At 30 June 2021
-
31,417
At 30 June 2020
-
39,579|**Total**
**£**
56,494
(2,083)
54,411
16,915
8,162
(2,083)
22,994
31,417
39,579|
|---|---|
The tangible fixed assets are all held and used in the direct furtherance on the Charity's objectives.
## **10 Debtors**
|**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income|**2021**
**£**
5,000
6,142
11,142|**2020**
**£**
5,000
2,488
7,488|
|---|---|---|
Included in other debtors is the value of a grant made to an individual in the form of a repayable loan amounting to £5,000 (2020: £5,000). This loan is interest free and is repayable once the individual has begun earning on completion of her studies, which will be in more than one year.
## **11 Creditors: amounts falling due within one year**
|Other taxation and social security
Other creditors
Accruals and deferred income|**2021**
**£**
6,034
41,882
4,800
52,716|**2020**
**£**
6,743
60,211
4,650
71,604|
|---|---|---|
- 16 -
## **THE CAMELLIA FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2021**_
## **12 Retirement benefit schemes**
## **Defined contribution schemes**
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £14,834 (2020 - £14,587).
Contributions of £1,244 were outstanding at 30 June 2021.
## **13 Operating lease commitments**
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
|Between two and five years|**2021**
**£**
-
-|**2020**
**£**
39,000
39,000|
|---|---|---|
## **14 Related party transactions**
## **Transactions with related parties**
During the year the charity entered into the following transactions with related parties:
- 17 -
## **THE CAMELLIA FOUNDATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2021**_
## **14 Related party transactions**
**(Continued)**
- £621,000 (2020: £706,000) of donations were received from The Camellia Foundation (Bermuda)
- £36,000 (2020: £36,000) of rent was paid to Lawrie Group Plc, a subsidiary of Camellia Plc
- £3,000 (2020: £nil) grant was paid to YTEC, an organisation which is run by Dr T Y Takla (trustee).
No amounts were outstanding at the year end.
The Camellia Foundation (Bermuda) is a trust established in Bermuda. It has one trustee (the Camellia Private Trust Company Limited - a private trust company incorporated in Bermuda). The Camellia Foundation (Bermuda) is the indirect majority shareholder of Camellia Plc.
Simon Turner (trustee) is a director of the Camellia Private Trust Company Limited.
Simon Turner and Stephen Buckland (trustees) are directors of Camellia Plc.
|**15**
**Cash generated from operations**
**2021**
**£**
Surplus for the year
20,088
Adjustments for:
Depreciation and impairment of tangible fixed assets
8,162
Movements in working capital:
(Increase) in debtors
(3,654)
(Decrease)/increase in creditors
(18,888)
**Cash generated from operations**
5,708|**2020**
**£**
37,890
8,291
(138)
52,307
98,350|
|---|---|
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