2022-04-30-accounts

Registered Charity Number 1162217 Company Registration Number 08476525 (England &Wales)

CARE FOR CAMBODIA

TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

CARE FOR CAMBODIA

CONTENTS

_______________

	Page
Legal and administrative information	1
Trustees' report	2 - 5
Independent examiner's report	6
Statement of Financial Activities	7
Balance sheet	8
Notes to the financial statements	9-13

CARE FOR CAMBODIA

LEGAL AND ADMINISTRATIVE INFORMATION

FOR THE YEAR ENDED 30 APRIL 2022

___________________	___________________
Directors and Trustees	The directors of the charitable company (”the charity”) are its trustees for the purpose of
	charity law and throughout this report are collectively referred to as the trustees. The
	charitable company is managed by its trustees. The trustees serving during the year and
	since the year end were as follows:
	D S Barnes
	S J Baul
	J Campbell Resigned 18thJanuary 2023
	J Hamill
	F Ritchie
Chairman	D S Barnes
Deputy Director	J Hamill
Registered Charity number	1162217
Company number	08476525
Governing document	Memorandum and Articles of Association (revised) dated 31 December 2014
Objects per governing document	I The relief of poverty.
	II The relief of need, sickness or suffering; and
	III The advancement of education; in particular for children and adults in Cambodia, with a
	focus on those who are socially or economically disadvantaged
Registered office	Unit 1, The Orbital Centre, Cockerell Close, SG1 2NB.
Independent Examiner	Mark Hjertzen, H W Associates Limited, Portmill House, Portmill Lane
	Hitchin, Herts, SG5 1DJ
Bankers	Lloyds Bank plc
	47 High Street, Brentwood, Essex, CM14 4RN

1

CARE FOR CAMBODIA

TRUSTEES’ REPORT

FOR THE YEAR ENDED 30 APRIL 2022

______________

The trustees are pleased to present their report together with the financial statements of the charity for the year ended 30 April 2022.

Legal and administrative information set up on page 1 forms part of this report. The financial statements comply with the current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice – Accounting and Reporting by Charities.

Structure, Governance and Management

Care for Cambodia is a company limited by guarantee and a registered charity governed by its memorandum and articles of association. Care for Cambodia is run by a team of Trustees based in both the UK and Cambodia. Project delivery in Cambodia is mostly conducted by Cambodian Nationals.

Trustees are recruited from those with an interest in developing the country of Cambodia. All have direct experience in either working, or visiting projects in Cambodia. Trustees are targeting those who have relevant skills applicable to the organisation, e.g., teachers, medical professionals, social work and safeguarding, etc.

As set out in the Articles of Association the board of trustees, will comprise of a minimum of 3 members, who meet regularly to administer the charity.

Objective of Care for Cambodia

‘We work together to care for one another so that Cambodians might be enabled to live in dignity, fulfill their own potential and achieve success’

Regular Activities

1. To act as a point of support of information for people wanting to engage in the work of Care for Cambodia.

2. The setting up and establishing of projects that lift people out of poverty through education, entrepreneurial schemes and social care.

3. The support of children and their families in order to maintain a stable environment in which children can thrive and achieve their potential, including direct with families in the provinces.

4. Educating and supporting teachers to provide suitable education on health, Christian guidance, English and other academic subjects.

5. Providing specific grants to encourage this work to continue and the development of the organisation with a view to the projects becoming locally sustained.

Main achievements and Activities during the year ended 30 April 2022

The greatest achievement for Care for Cambodia during this period is surviving through the darkest COVID times. It is not an exaggeration to state that at times the outlook for the organisation looked bleak. However, we have come through the worst of it and are now examining the changing needs of Cambodia in these post-COVID times and how we address these needs.

Whilst we were able to continue, almost as normal, throughout the period the development we had observed in the communities in which we work has regressed significantly. It feels like we have had to start from Level Zero again in some places. Many of the kids formerly in our projects dropped out of school to pursue employment in order to assist their families. Many families moved location in search of employment - many to neighbouring countries. We haven’t lost all of our kids but our ‘drop-out’ rate went through the roof over the past 2 years.

However, there are bright spots. We have seen quite a few university students graduate and enter the workforce in wellpaying jobs. After 2 years of not accepting new university students, we have now reopened our scholarship scheme.

We have stepped up our plastic recycling projects and have seen income, albeit somewhat irregular, generated though this project.

There has also been a ‘thinning of the herd’ with our projects, some of our weaker projects have been ended meaning we have a greater focus on our better, value adding projects which are working well to develop communities.

2

CARE FOR CAMBODIA

TRUSTEES’ REPORT (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2022

_________________

Main achievements and Activities during the year ended 30 April 2022 (Continued)

Covid-19

COVID has hit us hard, however we are now seeing green shoots of recovery as plans are made for visiting teams and guests. COVID no longer has an impact on our daily operations (restrictions on number in gathering, school closures etc) however we continue to be mindful of dangers of complacency. The impact of COVID is still present on the funding side of the organisation, two years without being able to travel to fundraise has impacted organisational finances negatively.

Plans for the future

We have set these goals for the future which support our recovery whilst also seeking to continue development.

Recovery

1. Recovery to pre-Covid19 number of students attending our projects.

2. Recovery to, at least, pre-Covid school retention rate i.e very low school drop-out.

3. Reinstating our university scholarship scheme

Development

1. Reflecting and promoting HOPE for a life lived to the fullest in all that we do.

2. Maximising technology to reduce numbers of face-to-face meeting, saving cost and time.

3. Up-skilling staff to efficiently use technology solutions for community development.

4. Assessment and action. Closing village projects where sufficient development has seen to have occurred.

5. Seeking new locations which has a genuine need for CFC investment and has the Human Resources available to make development happen.

Environment

1. Continuing ‘hearts and minds’ strategy to change attitudes to environmental issues in rural Cambodia.

1. Progress plastic recycling program to phase two, into a fully-fledged income generating project.

2. Reduce our carbon footprint further by maximising solar power, reducing paper & plastic usage and eliminating unnecessary journeys.

Public benefit

The trustees acknowledge the requirement to demonstrate clearly that it must have charitable purposes that are for the public benefit. Details of activities for the public benefit are described in the above paragraphs. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

3

CARE FOR CAMBODIA

TRUSTEES’ REPORT (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2022

___________________

Financial review

Reserves and Investment policies

General Fund £ 25,795 (2021: £26,870)

All monies received are given for the purpose of meeting the charities objectives set out in the Memorandum and Articles of Association.

Edukid (Restricted) Fund £ 18,500 (2021: £16,410)

During the year Care for Cambodia received donations of £27,361 from Edukid. Edukid has been a trusted partner of Care for Cambodia for over 10 years. Their primary focus is on providing funds to purchase school packs for children, however they also provide funds to provide to university students. In addition to this direct support, Edukid also provides a small amount of support to fund the back end of school pack provision (staff salaries, distribution etc.)

Student Sponsorship (Restricted) Fund £ 2,660 (2021: £2,906)

This fund is a restricted financial reserve created from donations received to be used for individual student education.

Classroom Property (Restricted) Fund £ 0 (2021: £1,504)

This fund is a restricted financial reserve created from donations received towards the maintenance of the classroom.

Mobile Academy Digital Education (MADE) Fund £ 0 (2021: £3,591)

This fund is a restricted financial reserve created from donations received towards the MADE pilot program

The team in Cambodia hold funds separately to cover any emergency needs and salary costs, so the Trustees feel that a minimum of £2,000 in reserves to cover any closure costs are adequate. Free reserves are above the level set by the trustees, and they are satisfied with the current situation.

Risk assessment

The Trustees do not believe that Care for Cambodia is subject to any substantial risks beyond the liabilities disclosed in the financial statements. Directors overseas ensure appropriate use of funds, and their safeguard policy is up to date. A risk assessment policy and risk assessment register have been prepared and are reviewed on a regular basis.

Accountants

A resolution will be proposed at the AGM that Mark Hjertzen of HW Associates Limited be re-appointed as Independent Examiner for the ensuing year.

4

CARE FOR CAMBODIA

TRUSTEES’ REPORT (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2022

___________________

Statement of Trustees' Responsibilities

Company and charity law require the trustees to prepare financial statements that give a true and fair view of the state of affairs of the charity at the end of the financial year and of its surplus or deficit for the financial year. In doing so the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• Observe the methods and principles in the Charities SORP:

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any departures disclosed and explained in the financial statements; and

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and for their proper application as required by charity law, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities

The above report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption and with the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities.

Approved by the trustees and signed on their behalf by:

D S Barnes Director and Chairman 29[th] January 2023

5

INDEPENDENT EXAMINER'S REPORT TO THETRusfELS ON THE UNAUDrrED ACCOUNTS OF CARE FOR CAMBODIA I report 10 ihe charity irusiees on my examinaiion of the a(xx)unts of Cwe for CamlKxli¥ (the charity) for the year ended 30 April 2022. This report is made solely to the charitsble company's tn￿¢¢£$, as a iydy, in acrordance with Chapter 3 of Parf 16 of the Companies Aci 2(M)6 and the chariiable company's twst¢es as a tM)dy in accordance with seclion 154 of Ihc Charities Act 2011. My ind¢p¢ndent examiner's work has been undertaken $0 that I might stste to the charitable company's trustees those Mal￿Ts l am TequiTed to s￿le ihem in an indynd¢nt examiner's report and for no other putwse. To the (ullest exteni Fermiited by law, I do noi ac￿pt or assume yes￿￿￿1}&11ty to anyone other Lhan the charitable companyj the ¢haritsble company's members as a body and the charitsble cornpany'5 trusttt5 a tKMly for my independent examiner's work, for this retx)rt. or for the opinions I have formed. Ruponsibilities 8Dd basi5 of report As the charity's trustee5 of Care for CamtKwJia (and also its di]rctors for ihe pll￿ of company law) you are responsible for ihc preparation of the accounts in accordance with the requ1￿ments of Q)mpanies 2(M)6 (ihe 2tK)6 Act). Having saiisfied myself ihai ihe aco)unis of ihe chariiy are rK)i required LO be auditsd under Part 16 of the 20[￿ Act and eligible for inde￿nden[ examinaiion, I rep)rt in respect of my examination of your charity's accounts as cattied out under section 145 of th¢ Charities Aa 2011 (the 2011 Act). ID (3rryin8 out my examination I have followed all the aDolicable Directions Eiven by the Charitv Commi&wn undcr 145(5¥b) of the X)11 Act. Indepertdent examiner's statettwit I have completed my examinaiion. I confirm thai w malters have LY)me to my atlenlion in l￿￿nection with the examinaiion giving me cause io ￿lIeve ihai in any O￿terial rest*cL: accounting records were I￿1 kept ID of the chatiiy a5 [Equi￿1 by section 386 of the 2(K76 Aci. OT the accounis do noi a￿Ord with those record5. or th¢ ac£ounts do not comply with ihe accountiDg requiren￿nIS of 5edion 396 of the 2￿6 Act other ihat) any requirement that the accoutlls give a Irue and fair view which is not a NAtter consideted as part of an independent examination. or the accounts have ￿t been p• in aCcOrdar￿ with ihe med￿S and prirKiples of th¢ Statement of Recommenijed Piartice lor accouftiing and re￿rtIng by chariiies applicable to chariiies preparing their accounts accoTdance with ihe Financial Reporting Standard aA)licable in the UK and Republic of Ireland (FRS 102). I have no conccrns and have Lx>me across tK) other mattets in conneaion wilh the examinaiion io which aiieniion should be drawn in ihis re￿)rt in order to enable a ptoper undetstanding of the accounts ￿ be ￿Ched. Mark IlierlzeD BA H W A&swi8les Limited Chartered AccountaDts 30 January 2023 Portmill HO￿ Portlnill IAne Hiichin Hert5 SG5 IDJ

CARE FOR CAMBODIA

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR THE YEAR ENDED 30 APRIL 2022

_______________

		Unrestricted	Designated	Restricted	Total	Total
		Funds	Fund	Fund	2022	2021
	Notes	£	£	£	£	£
						Note 12
Income from:
Donations	2	27,851	-	30,181	58,032	86,329
		──────	──────	──────	──────	──────
Total		27,851	-	30,181	58,032	86,329
		──────	──────	──────	──────	──────
Expenditure on:
Administration	3	732	-	-	732	607
Projects in Cambodia		28,194	-	33,432	61,626	65,731
				──────	─────	─────
		─────	─────
Total		28,926	-	33,432	62,358	66.338
		──────	──────	───────	──────	──────
Net income/(expenditure)		(1,075)	-	(3,251)	(4,326)	19,991
Transfers between funds		-	-	-	-	-
		───────	───────	───────	──────	──────
Net movement in funds		(1,075)	-	(3,251)	(4,326)	19,991
Total funds brought forward		26,870	-	24,411	51,281	31,290
		───────	───────	───────	──────	──────
Total funds carried forward		25,795	-	21,160	46,955	51,281
		═══════	═══════	═══════	══════	══════

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from ongoing activities.

7

CARE FOR CAMBODIA

BALANCE SHEET

AS AT 30 APRIL 2022

_______________	_______________	_______________	_______________	_______________	_______________
			2022		2021
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets			-		-
CURRENT ASSETS
Debtors	6	1,561		5,020
Cash at bank and in hand		45,394		46,261
		───────		───────
		46,955		51,281
CREDITORS:amounts falling due	7	-		-
within one year
		───────		───────
NET CURRENT ASSETS			46,955		51,281
			───────		───────
TOTAL ASSETS LESS CURRENT	LIABILITIES		46,955		51,281
			═══════		═══════
FUNDS
Unrestricted Funds	8
General			25,795		26,870
Designated			-		-
			───────		───────
			25,795		26,870
Restricted	11		21,160		24,411
			───────		───────
TOTAL FUNDS			46,955		51,281
			═══════		═══════

The charitable company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 April 2022. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.

The trustees acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial statements were approved by the trustees and authorised for issue on 29[th] January 2023 and are signed on its behalf by:

……………………………………………….

D S Barnes Trustee

Company Registration No 08476525

8

CARE FOR CAMBODIA

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

______________

1 Accounting policies

1.1 Company status and information

Care for Cambodia is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 1, The Orbital Centre, Cockerell Close, SG1 2NB. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member.

1.2 Basis of preparation

The accounts 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 (FRS 102) (effective 1 January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity is a Public Benefit Entity as defined by FRS 102.

The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these accounts are rounded to the nearest £.

Assets and liabilities are initially recognised at cost value unless otherwise stated in the relevant accounting policy.

The charity has taken advantage of the concession available to smaller charities in the Statement of Recommended Practice which permits the analysis of incoming resources and resources expended by natural categories rather than by activity.

1.3 Going concern

The trustees are confident that the charity is able to continue to meet its liabilities as they fall due for the foreseeable future and that the accounts should be prepared on a going concern basis.

1.4 Income

Donations

Donations represent the total donations received from any fundraising or direct to the bank account during the year, including any associated Gift Aid reclaims.

Interest receivable

Interest receivable is included in the financial statements on an accruals basis.

1.5 Expenditure

Liability recognition

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. Expenditure includes any VAT which cannot be recovered.

Governance costs

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice.

9

CARE FOR CAMBODIA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2022

_______________

1.6 Fund Accounting

Unrestricted funds These are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Designated funds These are unrestricted funds which have been earmarked by the trustees for particular purposes. Restricted funds These are funds that can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes

The Student Sponsorship restricted fund relates to donations received towards the cost of education for individually identified students. Trustees ensure that money donated is used for the stated purpose on that specific students’ education.

The Edukid funding restricted fund relates to donations received towards the cost of purchasing school packs for children, including costs involved in the distribution. Trustees ensure that money donated is used for the stated purpose.

The Classroom Property restricted fund relates to donations received towards the cost of maintaining the classroom. Trustees ensure that money donated is used for the stated purpose.

The Family Project restricted funds relates to donations received towards the various family schemes including micro-financing, business generation, positive parenting and first aid training. Trustees ensure that money donated is used for the stated purpose.

The Teacher Sponsorship restricted fund relates to donations received towards the cost of salaries and teaching resources for the Provincial teachers. Trustees ensure that money donated is used for the stated purpose

The Mobile Academy Digital Education (MADE) Project restricted fund relates to donations received towards the digital literacy training program. This project aims to provide digital literacy education to our youth groups to better equip them to enter the 21st Century workforce. Trustees ensure that money donated is used for the stated purpose

1.7 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

10

CARE FOR CAMBODIA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2022

______________

2	Incoming resources - Donations		2022	2021
			£	£
	Donations, gifts and offerings –	Unrestricted funds	26,777	45,255
	Donations, gifts and offerings –	Restricted student sponsorship	1,944	2,424
	Donations, gifts and offerings –	Restricted Edukid funding	27,361	28,610
	Donations, gifts and offerings –	Restricted classroom property	-	1,000
	Donations, gifts and offerings –	Restricted Family projects	120	110
	Donations, gifts and offerings –	Restricted Teacher sponsorship	756	1,316
	Donations, gifts and offerings –	Restricted MADE	-	3,591
	Gift Aid reclaims		1,074	4,023
			───────	───────
			58,032	86,329
			═══════	═══════
3	Administration		2022	2021
			£	£
	Bank Charges		65	-
	Independent Examiner’s fees		654	594
	Companies House filing fee		13	13
			──────	──────
			732	607
			═══════	═══════
4	Average number of Employees
	The average number of employees during the period (including Directors) were 5 (2021: 5)
5	Trustee remuneration and expenses
	No trustee received any remuneration or reimbursed expenses during the year.
	There are no employees who received employee benefits (excluding employer pension costs) of more than £60,000
6	Debtors		2022	2021
			£	£
	Gift Aid		1,481	5,020
	Sundry Debtor		80	-
			───────	───────
			1,561	5,020
			═══════	═══════
7	Creditors: amounts falling due within one year		2022	2021
			£	£
	Accruals		-	-
	Taxation and social security		-	-
			───────	───────
			-	-
			═══════	═══════

11

CARE FOR CAMBODIA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2022

______________

8 Analysis of Net Assets between Funds

		Designated	Restricted
	Unrestricted	Funds	Funds
	Funds			2022 Total
	£	£	£	£
Tangible fixed assets	-	-	-	-
Debtors	1,561	-	-	1,561
Cash at bank and in hand	24,234	-	21,160	45,394
Creditors: amounts falling due within one year	-	-	-	-
	──────	───────	───────	───────
	25,795	-	21,160	46.955
	═══════	═══════	═══════	═══════

9 Related parties

There are no related party transactions to disclose.

10 Volunteers

The charity benefits from the unpaid time of under 10 volunteers who assist with its many activities. Areas of volunteer involvement include running the company, promotion and publicity, administration, and finance.

11 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

		Movement in funds	Movement in funds
	Balance at 1	Incoming	Resources	Transfers	Balance at 30
	May 2021	resources	expended		April 2022
	£	£	£	£	£
Student Sponsorship fund	2,906	1,944	2,190	-	2,660
Edukid funding	16,410	27,361	25,271	-	18,500
Classroom property fund	1,504	-	1,504	-	-
Chicken Farm	-	120	120	-	-
Family Projects	-	756	756	-	-
Teachers Sponsorship Fund	3,591	-	3,591	-	-
	24,411	30,181	33,432	-	21,160

12

CARE FOR CAMBODIA

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2022

_______________

12 Statement of Financial Activities

The comparative figures for the year ended 30 April 2021 are shown below:

	Unrestricted	Designated	Restricted	Total
	Funds	Fund	Fund	2021
	£	£	£	£
Income from:
Donations	49,278	-	37,051	86,329
	──────	──────	──────	──────
Total	49,278	-	37,051	86,329
	──────	──────	──────	──────
Expenditure on:
Administration	607	-	-	607
Projects in Cambodia	31,572	-	34,159	65,731
	──────	──────	───────	──────
Total	32,179	-	34,159	66,338
	──────	──────	───────	──────
Net income/(expenditure)	17,099	-	2,892	19,991
Transfers between funds	-	-	-	-
	───────	───────	───────	──────
Net movement in funds	17,099	-	2,892	19,991
Total funds brought forward	9,771	-	21,519	31,290
	───────	───────	───────	──────
Total funds carried forward	26,870	-	24,411	51,281
	═══════	═══════	═══════	══════

13