2022-12-31-accounts - The Camelia Botnar Foundation

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Registemd	Oltlce and	The Camelia Botnar	The Camelia Botnar	Foundation
Principal Place ofBusiness		Maplehurst Road
		Cowiold
		Horsham
		West Sussex
		RH136DQ
		MrJC Dann (Chair)
		MrJ D Appleton
		Mr G Booth
		Mrs SA Burlord-Pugh
Chief Executive		Mr P Yallop
Bankers		National Westminster P0Box367		Bank pic
		Crawley
		West Sussex
		RH10 1FT
Solicltom		PDT Solicitors			H3 Solicitors
		Premier House			1 Oak Place
		36- 48 Queen Street			Rosier Business Park
		Horsham			Coneyhurst	Road
		Weel Sussex			Billingshurst
		RH13 5AD			West Sussex
					RH14 9DE
Charity Number		1191611
Company	Number	CE024084
Auditors		TC Group
		The Courtyard
		Shoreham Road
		Upper Beading
		Steyning
		West Sussex
		BN44 3TN
tmrsstmsm	Managem	Sarasln 6Partners	LLP
		Juxon House
		100St Paul's Churchyard
		London
		EC4M 6BU

Report ofthe	Trustees
Auditor's Report
Consolidated	statement offinancial acthrittes
Consolidated	balance sheet
Charity balance sheet
Consolidated	statanlerlt cfcash flows
Notes toIhe	financial statements

		Unrestricted	Endmwment	Total	Total
		funds 6	funds 6	2022 6	2021'2
Donaaons and legades		1,061		1,061	97,753
Other trading acevtttes		'l,132,018		1,132,016	1,0$4,578
Charaable acsvtoes		35,8$7		35,687	35,949
In vestments		2,471,896	$4,023	2,5S6,71$	2,516,377
Total income and endowments		S,e4o,44a	$4,023	3,724/72	3,734,755
Raising funds		1,002,038		1,002,036	97e,ess
Charitable acQvies		2,212,021	27,000	2,23$,$21	2,094,757
Total expenditure		SI214,$57	27,0QQ	3,241,957	3,071,325
Net gains/(losses) on investments	te	(e,fe2,18$)	(42O,741)	(f,te2,$10)	Tae5,795
Net incomel(exsenditure)		(6,336,677)	(363,71$)	(6,700~)	7.730228
Net movement in funds		(8,336,677)	(363,718)	(6,700,3$6)	7,730,226
Total funds brought forwanl		$4,876,063	2,397,7$0	$7,073,833	79,343,607
Fund balances rmrrted forwanl		7$,339,378	2,034,062	$0,373'S	$7,073,833

					2022		2021
Tangible assets					$,368v476		5,985,224
Investments			16		70,16$,$32		78,S21,717
					76,537,107		S4,808,941
Current assets
Slocks			17	223,674		200,503
Debtors			1$	225,518		187,172
Cash at bank and in		hand		3,7$$,$40		2.280,01S
				4,23$,130		2,047,093
Creditors: amounts one year		falgng due w$hin	19	(389,670)		(373,183)
Net current	assets				3,84$,560		2,274,510
Provisions for liabllNes					(13,22$)		(7,018)
Total assets less cunsnt thtbf$0es					$0473~		S7,073,833
Funds
Endowment	funds				2,034,0$2		2,397,780
Un esticted	funds				78,339,376		S4,878,053
Total funds			21		SOA73,438		87,073,833

							2022	2021
							E	E
Reconcghrgon ofnet income/(expenditum)			tonst cash
flow from operating acgviges
Net income/(expenditure) forthe mporting Statement ofFinandsl Activities)		period (as per the				(5,700,3$5)		7,730,228
Ad)usbnsnt for.
Depredafion charges					14		56,7$5	42,107
(Gains)fiosses on investments					16	7,182,$10		(7,354,708)
Loss/(profi) on disposal oftangible fixed assets					8		(11A64)	(34,537)
gncresse)/decmase in stocks					1'7		(23,171)	(21,448)
(Increase)/decrease in debtors					18		(3S,344)	(33.745)
Increase/(decrease) in ciedfiors					1$		16,387	71,040
Dividends, interest and rents from investments					4	(2,555,718)		(2,516,377)
Increase/(decrease) in provisions					25		5,611	(2,074)
Net cash used in operating acfivifies						(2,067,389)		(2,119,515)
Cash flows from Investing acfivitlss:
Dividends, interest and rents from Investments						2,555,718		2,515,377
Prooesds from the sale oftangible fixed			assets				11,464	34,573
Purchase oftangibhr fixed assets					14	(440,046)		(201,387)
Proceeds from the sale ofinvestments					15	2,614,147		3,191
Purchase ofInvestments					15	(1,143,$72)		(149,357)
Nst cash pruvtded h)r/nvestfng act/v/f/es						3	$51311	2 2113997
Change in cash and cash equivalents period	in	the rsporgng				~t	~ IRR	83881
Anal7sls ofnst cash
				At 1 Jan	Cash flow	Non~ah		At 31 Dec
				2022				2022
				E				E
Cash at bank snd in hand			2,260,018		1,529,922			3,78$,S40

Income from charitable activtge	s
			2022	2021
Eoard and hrdging			1,281	9,150
OBter			34AOB	28,799
			36,$67	35,949
ASofthis Income was attributable	to unrestricted	funds.

an appropriat	e portion ofths u	napplied total return to	income each year.
			Endowment for Invesbnent	Unapplied RM„m Tobd	Endowniest
			6	6	6
Opening value ofendowment
Gill component ofpermanent			2,100,000		2,100,000
Unapplied	total return			297,780	2$7,7$0
Total			2,100,MO	297,780	2,367,788
Movement In	year:
Investment	return —dividends	snd interest		54,023	84,023
Investment return —malised gains/(losses)		and unrealissd		(420,741)	(420,741)
Total				(338,718)	(336,716)
UnappSed total return expended				(27,000)	(27,000)
Net movement	In the reporgng	period		(353,718)	(363,718)
Closing value	ofpermanent endowment
Gilt component ofpermanent			2,100,000		2,100,000
Unapplied	total return			(05,938)	(66,$38)
Totah			2,100,000	(85,938)	2,034,062

7 Total expendNure	7 Total expendNure
			Raff costs	Oeprecisdon	Grants Paid	Other Costs	Total 2022	Total 2021
			2	8	8	8	8	2
Raising Funds
Commercial trading fundrahing	and			20,185		648,663	668,848	627,579
Investment management fees						333,188	333,188	348,989
Total raising funds						981,851	1,602,036	976.568
ChsrNable Actlvhtee
Acfivt5es undertaken directly		1,501,748		36,610	30,000	489,814	2,058,172	1,942,471
Support costs						181,749	181,74$	152,286
Total charitable acttvtfies		'1,501,748		36.610	30,000	671,563	2,23$,$21	2,094,757
Total Bxpendtture		1,501,748		56,795	30,000	1,653,414	3,241,$57	3,071,325
8 Support Coals	(including		Governance	Coals)
							Total	Total
							2022	2021
Print, post and stationery							2,871	2,774
Accountancy							13,441	14,104
Advsrfislng							16,483	1,494
Legal and professional fees							1$,482	38,267
Travel and subsistence							988	385
Motor expenses							14r3$7	11,250
Telecommunicafion	costs						17,382	17,073
(Profit)/Loss on disposal of		fixed assets					(11,464)
Bank charges							2,724	1,624
Sundry							2,785	51
Computer consumables							3,320	3,070
Subscriptlons							tA1$	1,075
Health IL safety							4,0$3	10,819
Trainee bursary							7$,150	38,000
Governance (note	9)						14A80	12,300
							181,749	152,286


9	Governance costs
							2022	2021
	Audit fees						14,880	12,300
							14,880	,12,300
10	Grants payable
						Grants to Insgtutlono	2022	2021
						2
	Educa5onat grants					27,000	27,000	77,042
	Other grants					3,000	3,000	101.000
							30,000	178,042
	The charity provided grants to		8beneflctaries			during the year (2021:17).
11	Staffcoals
								2021
							6
	Wages and salaries						1,160,547	1,129,924
	Social security costs						106,083	59,501
	Other pension costs						104,013	97,024
	Stalf training and welfare costs						108,476	43.035
	Personnel snd recruitment	costs					32,629	36,689
							1,601,748	1,396,773
	Average number ofemployees			during	the	year
							2022	2021
							Number	Number
	ChsNsble sc6vi6es:
	Management							43
	Manufacturing							12
							46	55
	Emoluments for employees		excluding		pension contribution
	5100,001-2110,000

	2022	2021
	6
Wages and salaries	'l03,200	105,000
Benefits In kind	asS
Sodal security costs	14,440	13,125
Other pension costs	15,480	15,000
	134,088	134,061

			Unrestricted	Endowment	Total	Total
			funds	funds	2021	2020
		Notes	6	6	E	2
Donafions snd lsgades			97,753		ar,rs3
Other trading a tivities			1,084,076		1,034,676
Charitable scsvISes Investments			as,a4a 2',45$	83,918	30,949 2,616,377
Total Income and endowments			3,680,037	83,918	3,734,765
Raising funds			976,668		ars,ssS
Charitable activities			2,017,715		2,0$4,757
Total expendhurs			2,$94,283	77,042	3,071426
Net gains/gooses) on Investments		1S	7,103,12$	(36,333)	7,066,798
Net Income/(expenditure)			7,769,683	(2$~	7,730426
Transfer ofassets and ltabllises						79,343,507
Net income movement	In funds		7,75$,$83	(29~)	7,730,228	79,343,607
Total funds brought forward st 1January 2021			76,$16,370	2,427,237	7$,343,$07
Fund balances at31December		2021	tuks76,053	2,3$7,780	87,073J)33	79.343.007

4 Tangible	gxed assets
		Fmshokl	Plant snd	Fixtures and	Btotur	Asset Under	Tolal
		brad and	machinery	fgtlngs	vehicles	Construcgon
		bugdings
		8
Cost
At beginning	ofyear	5,147,431	295317	277,853	175.554		5,896,055
Addi5ons		66,831	12,613		10.000	300,887	390,331
Transfers		(111,161)				111,161
Olsposele					(18.524)		(16,524)
At end ofyear		5,103,101	307Jt30	277,853	187,030	412,048	8,257Jt62
Depreclagon
At beginning	ofyear		280,879	211,041	119,008		610,928
Provided during the year			4,569	15,502	16,519		36,610
On disposals					(18,524)		(18,524)
Atend ofyear			285~8	226,543	117,003		829,014
ftet Book Value
At 31December 2022		5,103,101	22A62	51,310	60,027	412,048	6,838,848
At 31December 2021		5,147,431	14,338	66,812	58,546		5,285,127

		Freehold land	Pkrnt and	Flxtuws and	Igotor	Asset under	Tolal
		and bugdlngs	machinery	ISSngs	vehicles	construcgon
		8	f	8
Cost
Al beginning	ofyear	5,807,431	567,920	277,853	186,804		6,840,008
Add)Sons		66,831	62,328		10,000	300,887	440,045
Transfers		(111,161)				111,161
Disposah					(18,524)		(18,524)
Atend ofyear		6,783,101	630A48	277A63	178,280	412,848	7,261,630
Depmctegon
At beginning	ofyear		513,485	211,041	130,258		854,784
Presided during Ihs year			24,774	15,502	16,519		58,795
On disposals					(18,524)		(18,524)
At end ofyear			538,259	226,643	128483		89Q$5
Net Book Value
At 31December 2022		6,763,101	at,aea	51,sto	eo,o27	412,048	e,seeA76
At 31Dsosmber 2021		5,807,431		88,812	56.546		5,985,224

							Charity
					2022	2021	2022	2021
					6		f	5
At beginning		ofthe year			7$Ast,rfr	70,707,752	7$,451,662	71,303,226
Additions					1,143,072	149,357	1,143,072	149,357
Transferred		from tangible		fixed assets		010,000		eto,ooo
Disposals	st opening fair value				(2,606,900)	(100)	(2,606,900)
Unresgsed		investment	gains/gosses)		~rRI01,~,	7.354,708	(7,237,133)	7,389,079
Atthe end		ofyear			70,168,632	78,821,717	70,751eeot	79,451,882
(sooted lnvesbnents
UK equities		and unit tmsts			47rk%4,26$	58,803,036	47~,266	56,803,038
UKBxed interest stock Overseas investments					ew72,304 3~,263	5,997.527 3,981,891	6,472,3$4 3A00,283	5,997,527 3,961,891
					57,326,$23	86,762,454	er,sse,ass	56,762,454
Unquoted		UKequities			507,000	807,000	807,000	S07.000
Investment		in subskliary		undertaking			50,000
lnvesbnent		properSes			12,034,709	11,252,203	12,567,67S	11.832,208
					ro,tee,ess	78,821,71r	ro,ret,eot	79,451,852

32.380). In the group tock	the orig	inal cost oft	he revalued property w	as E8,445,185(2	021:E8.445.155).
			Group		Charity
			E	E	E
			2022	2021	2022	2021
			223,674	200,503
Debtors
					Charity
				E	E
			2022	2021	2022	2021
Trade debtors			28,178	15,988	1'7,167	8,030
Amount due fiom subsidiary		undertaking			28,$22	84,50'I
Other debtors			61,$88	59,558	61,$88	59,558
Prepayments			$0,151	72,379	80,787	05,350
Accrued income			47,1$$	39,247	47,1$$	39247
			226,516	187,172	234,063	255,715
Crsditorst amounts	falling due within one year
			Group		Charity
			2022	2021	2022	2021
			E	E	E	E
Trade creditors			186,$88	115,097	44,040	82,555
Other taxes and nodal security		costs	76/28	58,243	47,358	36,394
Other cmditors			61,$88	01,734	61,$88	01,735
Accruakr and deferred	income		85,186	130,109	66,730	00,020
			38$,570	373,183	220,'f 14	270,720

20	Defensd income
		Charity 8Group
		2022 f	2021
	At 1 January 2022	78,086	51,170
	Add(Sons during the year	50A45	78,086
	Amounts released to income	P8,086)	(51,170)
	At 31 December 2022	60,445	78,0SS
21	Fund rsconcgiatlon

Fund rscon	cgiatl	on
Group			At 1Janllarir 2022f	Net income f	Gains/(losses) f	Transfersf	At31 December 2022
OMC Endowment		fund	2,397,780	57.023	(420,741)		2,034,0$2
Unmsbicted fund	accumulated		84,575,053	425,492	(6,752,169)		78,339,37$
			87,073,833	53$,638	P,182,$10)		80,373838
			At 1January 2022f	Net incomef		Transfersf	At 31 December 2022f
OMC Endawmsnt		fund	2,397,780	57,023	(420,741)		2,034,062
Unresbicted fund	accumulated			752,136	(7,135,934)		78,060,034
			86,841,612	809,15$	P,668,575)		80,094,0$6

Analysis ofassets bet	ween funds
		DISC	Unrestricted	Total
		endowment	accumutsted	2022
		fund f	fund f
Fund balances for the	group asat31December
2022were represented	by:
Tangible Sxed assets			6,368,475	$,368&475
Investments		1,883,709	68,284,923	70,168,$32
Current assets		150,353	4,088,777	4,23$,130
Current Iisbglties			(389,570)	(389,570)
Provisions for liabS)Ses			(13,229)	(13,22$)
Total net assets		2,034,002	78,339,3?6	80,373,438

rovision m	ovements in th	e year are as f	oScws:
			Group		Charity
			2022	2021	2022	2021
			E		E	E
Provisions	brought fonvard		7,61S	9,592
Charge against pmviston		in year	5,611	(2,074)
Provisions	cerned forward		13,22S	7,616