camp AKING A IFFERENCE SiMCHa OPSERIOUSLY ILL CHILDREN fME Trustees? Annual Report & Financial Statements For the Year Ended 31st December 2023 Camp Simcha (a company limited by guarantee) Company Number 11478657 Charity Number 1180646 CONTENTS Trustees. Annual Report Reference & Administrative details Structure, Governance & Management Risk Management Objectives & Activities Achievements & Performance Financial Review Reserve Policy Fundraising Strategy Plans for the Future 15 26 27 28 29 Independent Auditor's Report 32 Annual Financial Statements Statement of Financial Activities Balance Sheet Statement of Cashflow Notes to the Financial Statements 36 37 38 39 ## ## ## ## ## ## ## ## ## |**Committee**|**Delegated Responsibility**| |---|---| ||- Financial governance| ||oversight| ||- Monitoring overall financial| |**Finance, Audit,**|position and reserve policy| |**Investment**&
**Remuneration**
**Committee**|- Budgeting and financial
performance management| ||- Sets and monitors the| |(Chair:TanyaPersey,|charity's investment policy| |Honorary Treasurer)|- Takes delegated| ||responsibilityforoverseeing| ||the financial audit process| ||- Oversightofremuneration| ||policy| |**Risk**&**Assurance**|- Oversightofsalary| |(formerly Audit &|benchmarking and overall| |Risk)|remuneration policy| |(Chair: Lisa Scott)|- Oversightofrisk
management policies and| ||practices acrossthecharity| ||- Oversightofall services| ||- Regular assessment and| ||monitoringofsafety and| ||effectiveness| |**Services**|- Advising and supporting the| |(Chair: Elaine Kerr)|HeadofServices| ||- Safeguarding policy| ||oversight| ||- ReportingtotheBoard on| ||serviceworkand proposed| ||new services| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |**Core Services**|**2022Output**|**2023Output**| |---|---|---| |FamilyLiaisonOfficers (FLOs)|8,320 hours|13,300 hours| |Social Workers|1,000 hours|1,100 hours| |CrisisMealsandHousehold
support|3,480 people|4,000 people| |Hospital transport|3,600journeys|4,750journeys| |Therapeuticsessions including||| |counselling, music,art,drama,|2,040 sessions|3,500 sessions| |play andanimal assistedtherapy||| |Respitecare|2,100 hours|2,600hours| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||**2023**|2022| |---|---|---|---|---|---| |||**Unrestricted**|**Restricted**|**Total**|Total| |||**Funds**|**Funds**|**Funds**|Funds| ||**Note**|£|£|£|£| |**Income from:**|||||| |Donations and legacies|**3**|3,323,416|558,243|**3,881,659**|1,573,205| |Other fundraising|**4**|267,526|10,404|**277,930**|231,827| |Investment income|**5**|126,056||**126,056**|47,252| |**Total income**||3,716,998|568,647|**4,285,645**|1,852,284| |**Expenditure on:**|||||| |Generating voluntary income|**6**|567,069||**567,069**|467,653| |Charitable activities|**6**|1,745,787|620,750|**2,366,537**|1,992,297| |**Total expenditure**||2,312,856|620,750|**2,933,606**|2,459,950| |**Net income/ (expenditure) before net**|||||| |**(losses)/ gains on investments**||1,404,142|(52,103)|**1,352,039**|(607,666)| |Netgains /(losses) on investments||68,918||**68,918**|(147,307)| |**Net income/ (expenditure) for the year**|**7**|1,473,060|(52,103)|**1,420,957**|(754,973)| |Transfer between funds||164|(164)||| |**Net movement in funds**||1,473,224|(52,267)|**1,420,957**|(754,973)| |**Reconciliationoffunds:**|||||| |Total funds brought forward||3,156,256|99,306|**3,255,562**|4,010,535| |**Total funds carried forward**||4,629,480|47,039|**4,676,519**|3,255,562| |||**2023**|**2023**|2022|2022| |---|---|---|---|---|---| ||**Note**|£|£|£|£| |**Fixed assets:**|||||| |Tangible assets|**10**||**27,276**||28,222| |Investments|**11**||**1,051 ,503**||948,793| ||||**1,078,779**||977,015| |**Current assets:**|||||| |Debtors|**12**|**96,839**||59,184|| |Cashatbank and in hand||**3,597,464**||2,889,179|| |||**3,694,303**||2,948,363|| |**Liabilities:**|||||| |Creditors: amounts falling due within one year|**13**|**96,563**||669,816|| |**Netcurrent assets**|||**3,597,740**||2,278,547| |**Totalnetassets**|||**4,676,519**||3,255,562| |**Funds**|**15**||||| |Restricted funds|||**47,039**||99,306| |Unrestricted funds:|||||| |Designated funds||**342,000**||281,300|| |General funds||**4,287,480**||2,874,956|| |Total unrestricted funds|||**4,629,480**||3,156,256| |Totalfunds|||**4,676,519**||3,255,562| ## ||**Note**|**2023**|**2023**|2022|2022| |---|---|---|---|---|---| |||£|£|£|£| |**Net cash providedby**_I_**(used in) operating activities**|**16**||**624,183**||(95,918)| |**Cash flows from investing activities:**|||||| |Interest/ rent/ dividends from investments||**126,056**||47,252|| |Sale/ (purchase)offixed assets||**(8,162)**||(16,544)|| |Sale/(purchase)ofinvestments||**(33,792)**||(34,636)|| |**Cash provided by**_I_**(used in) investing activities**|||**84,102**||(3,928)| |**Cash flows from financing activities:**|||||| |Repaymentsofborrowing|||||| |Cash inflows from new borrowing|||||| |Receiptofendowment|||||| |Cashprovidedby_I_(usedin)financingactivities|||||| |**Change in cash and cash equivalents in theyear**|||**708,285**||(99,846)| |Cash and cash equivalents at the beginningofthe year|||**2,889,179**||2,989,025| |Change in cash and cash equivalents due to exchange|||||| |rate movements|||||| |**Cash and cash equivalentsatthe end of the year**|**17**||**3,597,464**||2,889,179| ## ||Unrestricted|Restricted|**2022**| |---|---|---|---| ||Funds|Funds|**Total**| ||£|£|£| |Incomefrom:|||| |Donations and legacies|1,363,385|209,820|**1,573,205**| |Other fund raising|231,827||**231,827**| |Investment income|47,252||**47,252**| |**Total income**|1,642,464|209,820|**1,852,284**| |Expenditureon:|||| |Generating voluntary income|467,653||**467,653**| |Charitable activities|1,731,354|260,943|**1,992,297**| |**Total expenditure**|2,199,007|260,943|**2,459,950**| |Netincome/expenditurebeforegains/|||| |**(losses)oninvestments**|(556,543)|(51,123)|**(607,666)**| |Netgains/(losses)oninvestments|(147,307)||**(147,307)**| |Netincome/expenditure|(703,850)|(51,123)|**(754,973)**| |Transferoffunds|19,531|(19,531)|| |Netmovementinfunds|(684,319)|(70,654)|**(754,973)**| |Total funds brought forward|3,840,575|169,960|**4,010,535**| |**Total funds carried forward**|3,156,256|99,306|**3,255,562**| |**Income from donations and legacies**||||| |---|---|---|---|---| ||||**2023**|2022| ||Unrestricted|Restricted|**Total**|Total| ||£|£|£|£| |Donations|656,097|64,525|**720,622**|1,331,362| |Crowdfunding campaign|2,591,488|138,022|**2,729,510**|203,259| |Donationsinkind|40,286||**40,286**|29,584| |Legacies|35,545|355,696|**391,241**|9,000| ||3,323,416|558,243|**3,881,659**|1,573,205| ||||**2023**|2022| |---|---|---|---|---| ||Unrestricted|Restricted|**Total**|Total| ||£|£|£|£| |Sponsored and other events|267,526|10,404|**277,930**|231,827| ||267,526|10,404|**277,930**|231,827| ## |**Income from investments**||||| |---|---|---|---|---| ||||**2023**|2022| ||Unrestricted|Restricted|**Total**|Total| ||£|£|£|£| |Bank interest|94,850||**94,850**|17,727| |Dividends|31,206||**31,206**|29,525| ||126,056||**126,056**|47,252| ## ## ||||Total costof||| |---|---|---|---|---|---| |||Community|generating||| |||Programmes &|voluntary|**2023**|2022| ||Family services|Outreach|income|**Total**|Total| ||£|£|£|£|£| |Direct Staff costs|581,295|178,724|259,690|**1,019,709**|927,267| |Other direct costs|1,160,270|162,682|239,431|**1,562,383**|1,193,076| |**Support costs**|||||| |Staff costs|109,976|21,559|31,518|**163,053**|191,862| |Governance|3,753|736|1,076|**5,565**|5,397| |Financial Management|20,735|4,065|5,942|**30,742**|10,643| |Information Technology|23,573|4,621|6,756|**34,950**|34,959| |Premises (including depreciation)|27,133|5,319|7,776|**40,228**|40,427| |Central costs (including insurance)|35,904|7,038|10,290|**53,232**|38,117| |Compliance & Human Resources|16,015|3,139|4,590|**23,744**|18,202| |**Total expenditure 2023**|1,978,654|387,883|567,069|**2,933,606**|| |Total expenditure 2022|1,676,524|315,773|467,653||2,459,950| |**7**|**Net income**_I_**(expenditure) for the year**||| |---|---|---|---| ||Thisis stated after charging_I_(crediting):|**2023**|2022| |||£|£| ||Operating lease rentals:||| ||Property|**49,028**|47,578| ||Depreciation|**9,108**|15,998| ||Auditor's remuneration:||| ||Audit fees|**4,667**|4,167| ## |Staff costs were as follows:|**2023**|2022| |---|---|---| ||£|£| |Salaries and wages|**1,029,322**|961,132| |Social security costs|**87,021**|94,427| |Employer's contribution to pension|**66,419**|55,724| ||**1,182,762**|1,111,283| ||**2023**|2022| ||**No.**|No.| |£60,000 - £69,999||1| |£70,000 - £79,999|2|3| |£80,000 - £89,999|**2**|| ## ||**2023**|2022| |---|---|---| ||**No.**|No.| |Raising funds|**4**|4| |Charitable activities|**15**|13| |Support|**3**|3| ||**22**|20| |10|Tangiblefixed assets|||| |---|---|---|---|---| ||||Computer &|| |||Fixtures and|office|| |||fittings|equipment|**Total**| |||£|£|£| ||Cost|||| ||Atthe startofthe year|14,171|53,369|**67,540**| ||Additions in year||8,162|**8,162**| ||Disposals in year|||| ||Atthe endofthe year|14,171|61,531|**75,702**| ||Depreciation|||| ||Atthe start of the year|14,171|25,147|**39,318**| ||Charge for the year||9,108|**9,108**| ||Eliminated on disposal|||| ||Atthe endofthe year|14,171|34,255|**48,426**| ||Netbookvalue|||| ||Attheendoftheyear||27,276|**27,276**| ||Atthe startofthe year||28,222|**28,222**| ||||**2023**|2022| ||||£|£| |**11**|**Investments**|||| ||**Listed investments**||**1,051 ,497**|948,793| ||**Market valueatthe endoftheyear**||**1,051 ,497**|948,793| ||**Movements:**|||| ||Market value at the startoftheyear||948,793|1,061,464| ||Additions at cost||33,786|34,636| ||Disposals proceeds|||| ||Netgain/ (loss) on investments||68,918|(147,307)| ||Market valueattheendoftheyear||1,051,497|948,793| ||Unlistedinvestments||**6**|| ||Total||6|| ||Total**investments**||**1,051,503**|948,793| |||| |---|---|---| |**Debtors**|**2023**|2022| ||£|£| |Other debtors|**31,459**|17,590| |Prepayments and accrued income|**65,380**|41,594| ||**96,839**|59,184| ## |Creditors:amountsfallingduewithinone|year||||| |---|---|---|---|---|---| |||||2023|
2022| |||||£|
£| |Trade creditors||||59,477|
85,216| |Other creditors||||25,823|
33,429| |Accruals||||6,052|
5,000| |Deferred income||||5,211|546,171| |||||96,563|
669,816| |Deferredincome|||||| |||||**2023**|
**2022**| |||||£|
£| |Balance at thebeginning of the year||||**546,171**|
**13,100**| |Amount released to income in the year
Amount deferredinthe year
Balance at the endofthe year||||**(546,171)**
**5,211**|
**(13,100)**
**546,171**| |||||**5,211**|
**546,171**| |Analysisofnetassetsbetweenfunds|||||| ||General||||**Total**| ||unrestricted|Designated|Restricted||**funds**| ||£|£|£||£| |Tangiblefixedassets|27,276||||**27,276**| |Investments|1,051,503|||**1,051,503**|| |Netcurrentassets|3,208,701|342,000|47,039|
**3,597,740**|| |Netassetsattheendoftheyear|4,287,480|342,000|47,039|
**4,676,519**|| ||Atthe start
of the year|Incoming
resources &
gains|Outgoing
resources
&losses|Transfer
between
funds|Atthe
**endof**
**the year**| |---|---|---|---|---|---| ||£|£|£|£|£| |**Restricted funds:**|||||| |Family Services|60,292|149,741|179,060|(164)|**30,809**| |Retreat, Keshet and Camp|30,868|382,979|411,847||**2,000**| |Other|8,146|35,927|29,843||**14,230**| |**Total restricted funds**|99,306|568,647|620,750|{164)|**47,039**| |**Unrestricted funds:**|||||| |Designated funds|281,300|342,000|281,300||**342,000**| |**General funds**|2,874,956|3,443,916|2,031,556|164|**4,287,480**| |**Total unrestricted funds**|3,156,256|3,785,916|2,312,856|164|**4,629,480**| |Totalfunds|3,255,562|4,354,563|2,933,606||4,676,519| |16|Reconciliationofnetincome/(expenditure)
tonetcashflowfromoperatingactivities||||| |---|---|---|---|---|---| |||||**Year**|Year| |||||**ended31**|ended31| |||||**December**|December| |||||**2023**|2022| |||||£|£| ||**Net (expenditure)/ income for the reporting period**|||**1,420,957**|(754,973)| ||**(As per the statementoffinancial activities)**||||| ||Depreciation|||**9,108**|15,998| ||Interest, rent and dividends from investments|||**(126,056)**|(47,252)| ||(Gains)/ lossesoninvestments|||**(68,918)**|147,307| ||(Increase)/ decreaseindebtors|||**(37,655)**|(13,814)| ||Increase/ (decrease)increditors|||**(573,253)**|556,816| ||**Net cash providedby/(used in) operating activities**|||**624,183**|(95,918)| |**17**|**Analysisofcash and cash equivalents**||||| |||On 1|||**On31**| |||January||Other|**December**| |||2023|Cash flows|changes|**2023**| |||£|£|£|£| ||Cash at bank andinhand|2,889,179|708,285||**3,597,464**| ||**Total cash and cash equivalents**|2,889,179|708,285||**3,597,464**| |**18**|**Operating lease commitments**||||| |||||**Property**|Property| |||||**2023**|2022| |||||£|£| ||Less than 1 year|||**49,028**|49,028| ||1 - 5 years||||49,028| ||Over 5 years||||| |||||**49,028**|98,056| ##