**Charity registration number 1145679** **Company registration number 07839372 (England and Wales)** ## **THE CAMELLIA FOUNDATION** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022** ## **THE CAMELLIA FOUNDATION** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** M A Knight Dr T Y Takla S C Turner C P Smith **Managing Director** S C Turner **Charity number** 1145679 **Company number** 07839372 **Registered office** The Scalpel 18th Floor 52 Lime Steet London United Kingdom EC3M 7AF **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 2022**_ The Trustees present their report and the financial statements of the charity for the year ended 30 June 2022. 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 2022**_ ## **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 £288,160 (2021: £357,723). Approximately 57% of this amount was donated for educational purposes, including funding for a small boarding school for children of agricultural workers in Bangladesh, an institute in Canada which promotes social and emotional skills in young children and also an organisation which aims to promulgate values-based philosophy, psychology and science in an authentic, universal and accessible form. Around 5% went to organisations which aim to preserve Tibetan culture, including support for a Buddhist Meditation and Teaching Centre situated in South London. Around 21% of the funding was provided for health organisations, including grants to a charity that provides emergency maternity and neonatal funding as well as running training programmes for maternity assistants in the Himalayan region. Approximately 7% of funding went to organisations working towards relief of poverty, including assisting a project in East Africa which aims to improve lives of children. 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 2022 totalled £286,770 (2021: £179,463). As well as continuing to work with existing beneficiaries, we provided assistance to a UK hospice which is developing palliative care capacity in Bangladesh and a UK organisation helping Malawian farmers develop new, more productive methods of food production whilst also restoring forests as a climate change mitigant. 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 18. Income for the year amounted to £579,448 (2021: £621,000). Expenditure during the year totalled £545,874 (2021: £600,912), including charitable grants approved of £288,160 (2021: £357,723). The main recipients of the grant payments are set out in note 5. Net income for the year amounted to £33,574 (2021: net income £20,088) and total funds at 30 June 2022 therefore amounted to £195,023 (2021: £161,449), 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 £195,023. - 2 - ## **THE CAMELLIA FOUNDATION** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_ ## **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, wellrun 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 _(Resigned 5 October 2022)_ M A Knight Dr T Y Takla S C Turner C P Smith 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 2022 there were 5 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 2022 'reclors g8neT¥Uy rncel¥e r￿ reffwneration for holdtsig Ihat olkn or wlm'ng thbt njle. fv of the Dlre¢l*xs Is remunerated lor hls wcrfk la$ Managing Dirpclorl lolknvNvJ Chasity Comrniss￿n #p￿￿al. ar*Y the hv¢l of hi$ reM￿Of?￿On 18 governed by wriiten 89reemenl. sin￿ the Charity Iws a $rnall board. no ttjmmittee io *rth remun8ration or off*ty￿140Iated mall T1￿ repthi has been wepgro(J hovhw takAn of th• smol COMF￿1•$ •xenty1￿ kn th• C(MMpanies Acl Th• Tru8lees' rw waB #pwoved ty11%9 8(wd d TTho1e•s. MAKnWI 'rrust¢e Dat•d: 30 S4Ak%N.IPL3 ## **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 2022 which are set out on pages 6 to 18. ## **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: 7 February 2023 - 5 - ## **THE CAMELLIA FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 30 JUNE 2022**_ |||**Unrestricted**|Unrestricted| |---|---|---|---| |||**funds**|funds| |||**2022**|2021| ||**Notes**|**£**|**£**| |**Income from:**|||| |Donations and legacies|**3**|579,431|621,000| |Investments|**4**|17|-| |**Total income**||579,448|621,000| |**Expenditure on:**|||| |Charitable activities|**5**|545,874|600,912| |**Net movement in funds**||33,574|20,088| |Fund balances at 1 July 2021||161,449|141,361| |**Fund balances at 30 June 2022**||195,023|161,449| 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 ASAT30JUNE 2022 2021 Flx•d M••t• T4rykn18 assets 10 6.511 31.417 ¢urr•nt u••l• 11 11.142 171.61 Cash at bank Ind in har** 207,057 214.877 182,748 Cr•dll•x•: amounts klllng ikn *fthln on• y••r 12 128,3651 (52.716) N•t CUff•ni •st•ls 188.512 130,032 195.023 161,449 Incom• lund• U￿¥trk1Od luThl• 195.023 161,449 195.023 161,449 Tho compary 1$ enli1￿d to Ihfr •x•rnplkn fmm Ihe thxltt req￿￿n￿rt c¢%*alnod 477 ollh• CompJrAe•Acl 2006. lor th• ￿ar •ntS•d 30 2022. The dtrtttorn •thnowknlg¢ wponilbill￿ f(Y W*ilh lh• rnquk•ff*nts ol th• Cofflp•r4•J Acl 20Q8 respecl to o¢c4)unUr#J rKoftl# the pr•parnlion of fin•nclal Stst0n￿ts. Th• mOrnb￿ ha￿ Ml rnquir•d th• cornpwy lo otlain ￿ wlil of its fin•nra•l Stat0Th￿ for Iho y•ar ￿ qu•st In accwdance with s•dlM 476. to tho Small com￿nI•s roglmo. Th• Ih4fwS¥l 8tslom￿ts ¥¥•rn aFsYov•d ty Tn*l••s on ...- . ........... M A Knighl TruBt•• SCTUM Ctyyiy Regi•tr•tloTr Ng. 07839372 ## **THE CAMELLIA FOUNDATION** ## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 30 JUNE 2022**_ |**Notes**
**Cash flows from operating activities**
Cash generated from operations
**15**
**Investing activities**
Interest received
**Net cash generated from/(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**|**2022**
**£**
17|**£**
35,434
17
-
35,451
171,606
207,057|**2021**
**£**
-|**£**
5,708
-
-| |---|---|---|---|---| |||||5,708
165,898| |||||171,606| - 8 - ## **THE CAMELLIA FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 JUNE 2022**_ ## **1 Accounting policies** ## **Charity information** The Camellia Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is The Scalpel, 18th Floor, 52 Lime Steet, London, EC3M 7AF, 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 amounts 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 2022**_ ## **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: 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 the statement of financial activities. ## **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 2022**_ ## **1 Accounting policies** **(Continued)** ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. 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 2022**_ ## **3 Donations and legacies** ||**Unrestricted **|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2022**|**2021**| ||**£**|**£**| |Donations and gifts|579,431|621,000| |**Investments**||| ||**Unrestricted**|Total| ||**funds**|| ||**2022**|2021| ||**£**|£| |Interest receivable|17|-| ## **4 Investments** - 12 - ## **THE CAMELLIA FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_ ## **5 Charitable activities** |**Staff costs Direct costs**
**2022**
**2022**
**£**
**£**
Staff costs (note 8)
187,181
-
Depreciation
-
-
Staff insurance - BIK
6,890
-
Bank charges
-
603
Travel, subsistence and meeting costs
-
9,562
Sundry expenses
-
44
Loss/(profit) on disposal of fixed assets
-
-
Subscriptions
-
-
Printing, postage and stationary
-
-
Telephone
-
-
Rent, service charge and rates
-
-
Insurance - charity
-
-
Independent examination fees
-
-
Legal and professional fees
-
-
Removal and storage costs
-
-
194,071
10,209
Grant funding of activities (see note 6)
-
288,160
194,071
298,369|**Support**
**costs**
**2022**
**£**
-
2,127
-
-
-
-
22,779
2,938
2
2,848
9,620
1,142
5,196
2,580
4,202
53,434
-
53,434|**Total**
**2022**
**Staff costs Direct costs**
**2021**
**2021**
**£**
**£**
**£**
187,181
178,769
-
2,127
-
-
6,890
6,647
-
603
-
529
9,562
-
336
44
-
132
22,779
-
-
2,938
-
-
2
-
-
2,848
-
-
9,620
-
-
1,142
-
-
5,196
-
-
2,580
-
-
4,202
-
-
257,714
185,416
997
288,160
-
357,723
545,874
185,416
358,720|**Support**
**costs**
**2021**
**£**
-
8,162
-
-
-
-
-
2,512
11
2,267
36,000
1,230
4,794
1,800
-
56,776
-
56,776|**Total**
**2021**
**£**
178,769
8,162
6,647
529
336
132
-
2,512
11
2,267
36,000
1,230
4,794
1,800
-| |---|---|---|---|---| |||||243,189
357,723| |||||600,912| ## **Governance costs** Included in Direct costs are costs relating to Trustees' meetings amounting to £Nil (2021: £Nil). Included in Support costs are the costs relating to the Independent Examination amounting to £5,196 (2021: £4,794). - 13 - ## **THE CAMELLIA FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 30 JUNE 2022**_ ## **6 Grants payable** ||**Direct costs **|**Direct costs**| |---|---|---| ||**2022**|**2021**| ||**£**|**£**| |Grants to institutions (25 grants):||| |Abu Subhan Welfare Trust|112,485|131,281| |Goodricke Group Charitable Trust|-|12,000| |Foundation for Developing Compassion and Wisdom|18,000|18,000| |Prospect Burma|20,000|20,000| |Compassion Matters|-|20,000| |The IMPACT Foundation|30,000|40,000| |The Jamyang Centre|10,000|10,000| |Mulanje Mission Hospital|14,837|-| |Nomadic Survival|15,000|16,000| |The Centre for Theology and Community|10,000|10,000| |Anonymous|-|18,659| |Other|57,838|61,783| ||288,160|357,723| Included in Anonymous in 2021 were two institutional grants totalling £18,659. 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 £288,160 (2021: £357,723) grants were approved by the Board and £288,160 (2021: £376,172) was paid to the beneficiaries. At 30 June 2022 there were no unpaid commitments (2021: £33,393). These are included in other creditors (note 12). |**7**|**Net movement in funds**|**2022**|**2021**| |---|---|---|---| |||**£**|**£**| ||Net movement in funds is stated after charging/(crediting)||| ||Depreciation of owned tangible fixed assets|2,127|8,162| - **8 Trustees** Other than that disclosed in note 9, none 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 2022 two Trustees who served were reimbursed travel expenses and subscriptions totalling £11,572 (2021: £2,163). 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 2022**_ ## **9 Employees** The average monthly number of employees during the year was: |Total
**Employment costs**
Wages and salaries
Social security costs
Other pension costs
Benefit in kind|**2022**
**Number**
1
**2022**
**£**
154,822
16,877
15,482
6,890
194,071|**2021**
**Number**
1| |---|---|---| |||**2021**
**£**
148,342
15,593
14,834
6,647| |||185,416| 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. This is in accordance with the charity's governing document. The number of employees whose annual remuneration was £60,000 or more were: |||**2022**|**2021**| |---|---|---|---| |||**Number**|**Number**| |£150,000|- £160,000|-|1| |£160,000|- £170,000|1|-| - 15 - ## **THE CAMELLIA FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_ ## **10 Tangible fixed assets** |**Tangible fixed assets**|| |---|---| ||**Office Equipment**| ||**£**| |**Cost**|| |At 1 July 2021|54,411| |Disposals|(40,234)| |At 30 June 2022|14,177| |**Depreciation and impairment**|| |At 1 July 2021|22,994| |Depreciation charged in the year|2,127| |Eliminated in respect of disposals|(17,455)| |At 30 June 2022|7,666| |**Carrying amount**|| |At 30 June 2022|6,511| |At 30 June 2021|31,417| The tangible fixed assets are all held and used in the direct furtherance on the Charity's objectives. |**11**
**Debtors**
**Amounts falling due within one year:**
Other debtors
Prepayments and accrued income|**2022**
**£**
5,000
2,820
7,820|**2021**
**£**
5,000
6,142| |---|---|---| |||11,142| 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 (2021: £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. ## **12 Creditors: amounts falling due within one year** |Other taxation and social security
Other creditors
Accruals and deferred income|**2022**
**£**
12,234
8,935
5,196
26,365|**2021**
**£**
6,034
41,882
4,800| |---|---|---| |||52,716| - 16 - ## **THE CAMELLIA FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_ ## **13 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 £15,482 (2021 - £14,834). ## **14 Related party transactions** ## **Transactions with related parties** During the year the charity entered into the following transactions with related parties: - £576,000 (2021: £621,000) of donations were received from The Camellia Foundation (Bermuda) - £6,620 (2021: £36,000) of rent was charged by Lawrie Group Plc, a subsidiary of Camellia Plc - £3,431 (2021: £Nil) of donations was received from Lawrie Group Plc by way of waiving settlement of purchase invoices - £Nil (2021: £3,000) 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. - 17 - ## **THE CAMELLIA FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 30 JUNE 2022**_ |**15**|**Cash generated from operations**|**2022**|**2021**| |---|---|---|---| |||**£**|**£**| ||Surplus for the year|33,574|20,088| ||Adjustments for:||| ||Investment income recognised in statement of financial activities|(17)|-| ||Loss on disposal of tangible fixed assets|22,779|-| ||Depreciation and impairment of tangible fixed assets|2,127|8,162| ||Movements in working capital:||| ||Decrease/(increase) in debtors|3,322|(3,654)| ||(Decrease) in creditors|(26,351)|(18,888)| ||**Cash generated from operations**|35,434|5,708| - 18 -