## ## ## |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| |||||||Group||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|||