COMPANY REGISTRATION NUMBER: 09069043 CHARITY REGISTRATION NUMBER: 1167993
CAM Estates Company Limited by Guarantee Unaudited Financial Statements
30 June 2025
HAFFNER HOFF LTD
Accountants 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
CAM Estates
Company Limited by Guarantee
Financial Statements
Year ended 30 June 2025
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities (including income and | |
| expenditure account) | 7 |
| Statement of financial position | 8 |
| Notes to the financial statements | 9 |
CAM Estates
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 30 June 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 June 2025.
Reference and administrative details
Registered charity name CAM Estates Charity registration number 1167993 Company registration number 09069043 Principal office and registered 2nd Floor Parkgates office Bury New Road Prestwich Manchester M25 0TL The trustees C Berger M Berger B Frand Independent examiner Mr Howard Schwalbe ACA 2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
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CAM Estates
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 June 2025
Structure, governance and management
CAM Estates is constituted by Memorandum and Articles of Association and is a company limited by guarantee. It was incorporated on 03 June 2014 as a company and the company number is 9069043. It was registered as a charity on 01 July 2016 with a charity number 1167993.
Recruitment and appointment of new trustees would be in line with the Memorandum and Articles of Association and with the consent of the trustees. The criteria set for the suitable candidate would be someone who is sensitive to the needs and demands of the organisation.
There is no chief executive officer. The day-to-day affairs are undertaken by Mr C Berger on behalf of the trustees. All major decisions are taken collectively by the trustees, and all the trustees give of their time freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the accounts. The arrangements for setting the pay of the charity’s employees are the sole domain of the trustees.
There are no policies for the induction or training of new trustees.
Risk review
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the Trust and are satisfied that systems are in place to manage our exposure to the major risks.
The risks faced by the trust are principally operational risks from ineffective grant making. These risks are managed by the trustees researching potential beneficiaries before granting donations.
Report back and review procedures strengthen these safeguards to ensure public benefit is achieved from all grants.
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CAM Estates
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 June 2025
Objectives and activities
The objects of the charity are:
(i)For the public benefit to promote the education of people of all ages around the world in such ways as the charity trustees think fit, including awarding to such person’s scholarships, maintenance allowances or grants; or by grants to charities or other organizations worldwide that provide education.
(ii) The prevention or relief of poverty or financial hardship anywhere in the world by providing grants or loans to individuals in need and/or charities, or other organizations working to prevent or relieve poverty or financial hardship.
(iii) To advance the Orthodox Jewish religion worldwide for the benefit of the public in accordance with the principles of the Code of Jewish Law (Shulchan Aruch).
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy for the year.
Grant making policy
The charity is funded by investment income and donations. The charity gives out grants in line with the above objects.
There were no grants paid to individuals during the year.
Grants made during the year to institutions are as detailed in the accounts.
The application of the funds by way of grants to either institutions or individuals and is almost always to institutions.
The trustees consider they have met the public benefit test and outline these achievements below.
The trustees measure the success of achieving the stated aims by the number and value of grants paid out for each object. The grants paid out in the year are detailed in the notes to the accounts and the trustees consider they have met their aims successfully this year.
The trustees consider the shorter-term aims to be similar to the longer term aims and assess the achievement of the charity in the same way.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
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CAM Estates
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 June 2025
Achievements and performance
The charity received £1,440 (2024: £0) in donations during the year.
The charity paid out £146,283 (2024: £109,347) by way of grants and support costs. These grants were made in line with the stated objects of the charity and were for educational or relief of poverty purposes.
There was also investment income receivable during the year amounting to £208,060 (2024: £178,220) and had costs of £62,977 (2024: £80,266) for investment management.
The charity has low governance costs comprising professional fees.
All other office costs are borne by a local benefactor, and the trustees wish to record their appreciation to the benefactor for the free use of their offices.
There were no fundraising costs during the year.
Related party transactions are disclosed as applicable in the notes to the accounts.
There was a net income and net movement in funds for the year after amounting to £240 (2024 (£11,393)).
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CAM Estates
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 30 June 2025
Financial review
The trustees are delighted to have made many valuable contributions to the community as a result of this income and hope to be able to do so for many years to come.
Investment performance
The investments of the charity have provided a net return of 5% in the year.
The trustees consider this acceptable when compared with returns available on deposits in any of the banking institutions. These property investment returns do not have any loans secured against them. Consequently, they are not exposed to any loan to value covenants that would put these investments at risk.
Reserves policy
The unrestricted fund represents the unrestricted funds arising from past operating results.
The trustees are satisfied that the balance of the fund is an acceptable level of reserves given the nature of revenue receipts against grants payable.
In considering the limited financial obligations of the charity, the trustees have resolved to maintain a minimum reserve roughly equal to the net current assets of the charity.
The trustees have considered the fair value of the investment property taking into account all macro and micro economic factors. The trustees consider the holding value to be the fair value.
The free reserves, being the net current assets of the charity, amounted to £2,236 (2024: £1,996) all of which are unrestricted.
Total funds held by the charity at the year-end were £2,516,964 (2024: £2,516,724), all of which were unrestricted.
The trustees' annual report and the strategic report were approved on 11 March 2026 and signed on behalf of the board of trustees by:
C Berger
Trustee
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CAM Estates
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of CAM Estates
Year ended 30 June 2025
I report to the trustees on my examination of the financial statements of CAM Estates ('the charity') for the year ended 30 June 2025.
Responsibilities and basis of report
As the trustees of the company (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 accounts of the company 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 accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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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
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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 accounts to be reached.
Mr Howard Schwalbe ACA
Independent Examiner
2nd Floor - Parkgates Bury New Road Prestwich Manchester M25 0TL
11 March 2026
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CAM Estates
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 30 June 2025
| 2025 | 2025 | 2024 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 1,440 | 1,440 | – |
| Investment income | 6 | 208,060 | 208,060 | 178,220 |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 209,500 | 209,500 | 178,220 | |
| ================================ | ================================ | ================================ | ||
| Expenditure | ||||
| Expenditure on raising funds: | ||||
| Investment management costs | 7 | 62,977 | 62,977 | 80,266 |
| Expenditure on charitable activities | 8,9 | 146,283 | 146,283 | 109,347 |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 209,260 | 209,260 | 189,613 | |
| ================================ | ================================ | ================================ | ||
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net income/(expenditure) and net movement in funds | 240 | 240 | (11,393) | |
| ================================ | ================================ | ================================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 2,516,724 | 2,516,724 | 2,528,117 | |
| ----------------------------------------- | ----------------------------------------- | ----------------------------------------- | ||
| Total funds carried forward | 2,516,964 | 2,516,964 | 2,516,724 | |
| ========================================= | ========================================= | ========================================= |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 9 to 15 form part of these financial statements.
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CAM Estates
Company Limited by Guarantee
Statement of Financial Position
30 June 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Investments | 15 | 2,514,728 | 2,514,728 | |
| Current assets | ||||
| Cash at bank and in hand | 3,436 | 3,436 | ||
| Creditors: amounts falling due within one year | 16 | 1,200 | 1,440 | |
| ----------------------- | ----------------------- | |||
| Net current assets | 2,236 | 1,996 | ||
| ----------------------------------------- | ----------------------------------------- | |||
| Total assets less current liabilities | 2,516,964 | 2,516,724 | ||
| ----------------------------------------- | ----------------------------------------- | |||
| Net assets | 2,516,964 | 2,516,724 | ||
| ========================================= | ========================================= | |||
| Funds of the charity | ||||
| Unrestricted funds | 2,516,964 | 2,516,724 | ||
| ----------------------------------------- | ----------------------------------------- | |||
| Total charity funds | 17 | 2,516,964 ========================================= |
2,516,724 ========================================= |
For the year ending 30 June 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 11 March 2026, and are signed on behalf of the board by:
C Berger Trustee
The notes on pages 9 to 15 form part of these financial statements.
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CAM Estates
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 30 June 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 2nd Floor Parkgates, Bury New Road, Prestwich, Manchester, M25 0TL.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fair value
Debtors and creditors are stated at fair value.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements did not require management to make judgements, estimates or assumptions that affect the amounts reported.
Fund accounting
Unrestricted funds held by the charity are funds that can be used in accordance with the charitable objects at the discretion of the trustees.
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CAM Estates
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Investments
Unlisted equity investments are initially recorded at cost and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
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CAM Estates
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2025
3. Accounting policies (continued)
Investments (continued)
Listed investments are measured at fair value with changes in fair value being recognised in income or expenditure.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in income or expenditure.
If a reliable measure of fair value is no longer available for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
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CAM Estates
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2025
3. Accounting policies (continued)
Financial instruments (continued)
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
CAM Estates is a registered charity and a company limited by guarantee and does not have a share capital. In the event of the charity being wound up, members are required to contribute an amount not exceeding £10.
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Donations | |||||
| Donations | 1,440 | 1,440 | – | – | |
| ======================= | ======================= | ============== | ============== | ||
| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Income from investment properties | 208,060 | 208,060 | 178,220 | 178,220 | |
| ================================ | ================================ | ================================ | ================================ |
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CAM Estates
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2025
7. Investment management costs
| Unrestricted | Total Funds |
Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 |
Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Rent collection | 21,394 | 21,394 |
20,697 | 20,697 | |
| Property repairs and maintenance | |||||
| charges | 41,583 | 41,583 |
59,569 | 59,569 | |
| ---------------------------- | ---------------------------- | ---------------------------- | ---------------------------- | ||
| 62,977 | 62,977 |
80,266 | 80,266 | ||
| ============================ | ============================ | ============================ | ============================ | ||
| 8. | Expenditure on charitable activities | by fund type | |||
| Unrestricted | Total Funds |
Unrestricted | Total Funds | ||
| Funds | 2025 |
Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Charitable grants | 145,083 | 145,083 |
107,908 | 107,908 | |
| Support costs | 1,200 | 1,200 |
1,439 | 1,439 | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| 146,283 | 146,283 |
109,347 | 109,347 | ||
| ================================ | ================================ | ================================ | ================================ | ||
| 9. | Expenditure on charitable activities | by activity type | |||
| Grant funding | Support |
Total funds | Total fund | ||
| of activities | costs |
2025 | 2024 | ||
| £ | £ | £ | £ | ||
| Charitable grants | 145,083 | – |
145,083 | 107,908 | |
| Governance costs | – | 1,200 |
1,200 | 1,439 | |
| -------------------------------- | ----------------------- | -------------------------------- | -------------------------------- | ||
| 145,083 | 1,200 |
146,283 | 109,347 | ||
| ================================ | ======================= | ================================ | ================================ | ||
| 10. | Analysis of support costs | ||||
| Analysis of | |||||
| support costs | Total 2025 | Total 2024 | |||
| £ | £ | £ | |||
| Governance costs | 1,200 | 1,200 | 1,439 | ||
| ======================= | ======================= | ======================= | |||
| 11. | Analysis of grants | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Grants to institutions | |||||
| C & H Associations | 145,083 | 107,908 | |||
| -------------------------------- | -------------------------------- | ||||
| Total grants | 145,083 | 107,908 | |||
| ================================ | ================================ |
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CAM Estates
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2025
12. Independent examination fees
| Independent examination fees | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 1,200 ======================= |
1,440 ======================= |
13. Staff costs
The average head count of employees during the year was Nil (2024: Nil).
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
14. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
15. Investments
| Investment | |
|---|---|
| properties | |
| £ | |
| Cost or valuation | |
| At 1 July 2024 and 30 June 2025 | 2,514,728 |
| ========================================= | |
| Impairment | |
| At 1 July 2024 and 30 June 2025 | |
| Carrying amount | |
| At 30 June 2025 | 2,514,728 |
| ========================================= | |
| At 30 June 2024 | 2,514,728 |
| ========================================= |
All investments shown above are held at valuation.
Investment properties
Investment properties represents a portfolio of apartments donated to the charity in a previous period. The portfolio was valued by professional valuers prior to the donation, and the trustees are of the opinion that the carrying value of the portfolio is also the fair value.
16. Creditors: amounts falling due within one year
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Accruals and deferred income | 1,200 | 1,440 |
| ======================= | ======================= |
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CAM Estates
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 30 June 2025
17. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At 01 | At 30 | |||
| Jul 2024 | Income | Expenditure | Jun 2025 | |
| £ | £ | £ | £ | |
| General funds | 2,516,724 | 209,500 | (209,260) | 2,516,964 |
| ========================================= | ================================ | ================================ | ========================================= | |
| At 01 | At 30 | |||
| Jul 2023 | Income | Expenditure | Jun 2024 | |
| £ | £ | £ | £ | |
| General funds | 2,528,117 | 178,220 | (189,613) | 2,516,724 |
| ========================================= | ================================ | ================================ | ========================================= |
18. Analysis of net assets between funds
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2025 | |
| £ | £ | |
| Tangible fixed assets | 2,514,728 | 2,514,728 |
| Current assets | 3,436 | 3,436 |
| Creditors less than 1 year | (1,200) | (1,200) |
| ----------------------------------------- | ----------------------------------------- | |
| Net assets | 2,516,964 | 2,516,964 |
| ========================================= | ========================================= | |
| Unrestricted | Total Funds | |
| Funds | 2024 | |
| £ | £ | |
| Tangible fixed assets | 2,514,728 | 2,514,728 |
| Current assets | 3,436 | 3,436 |
| Creditors less than 1 year | (1,440) | (1,440) |
| ----------------------------------------- | ----------------------------------------- | |
| Net assets | 2,516,724 | 2,516,724 |
| ========================================= | ========================================= |
19. Related parties
Mr C Berger, trustee of CAM Estates, is also a director of Neat Properties Ltd. During the year net donations from Neat Properties Ltd to CAM Estates was £1,440, by way of paying the charity accrual.
Mr C Berger & Mr M Berger, trustees of CAM Estates are also trustees of C & H Association Ltd.
During the year, CAM Estates donated £145,083 to C & H Association Ltd.
20. Taxation
CAM Estates is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.
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