## THE CAMEL TRUST
Annual Report and Financial Statements Year ended 5 April 2024
Registered charity 291071
The Camel Trust Annual Report and Financial Statements 5 April 2024
## Contents
||Page|
|---|---|
|Administrative details|2|
|Trustees’ Report|3-4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7-9|
1
The Camel Trust Annual Report and Financial Statements 5 April 2024
## Administrative details
|Name of charity|The Camel Trust|
|---|---|
|Registered charity number|291071|
|Trustees and Directors|Dr. Geert De Neve|
||Dr. Peggy Froerer|
||Dr. Maxim Bolt|
|Registered office|Odeon House|
||146 College Road|
||Harrow|
||HA1 1BH|
|Bankers|NatWest Bank|
2
The Camel Trust Annual Report and Financial Statements 5 April 2024
## **Trustees Report for the year ended 5 April 2024**
## **Aims &Activities**
The purpose of the Camel Trust is to provide grants to individuals attending universities or other learning establishments in Great Britain as students of Anthropology, or research and teaching assistants in such departments. The Charity operates in England and Wales.
## **Reserves**
Charity hold the reserves of £135,869 at the end of the period, 5 April 2024.
The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
3
The Camel Trust Annual Report and Financial Statements 5 April 2024
## **Statement of Trustees’ responsibilities**
The Trustees are responsible for preparing the Trustees’ annual report and the financial statements in accordance with applicable law with the requirements of the Charities Act 2011
In preparing these financial statements, 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 Charity Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements
● 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 that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the applicable Charity standards. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Preparation of the report**
The report was approved and authorised for issue by the Trustees on ______________ (Date) and is signed on behalf of the Trustees by: -
Geert De Neve
> Trustee _______________________ Geert De Neve (Fri, 4th Oct 2024 11:34:39 BST)
4
The Camel Trust Annual Report and Financial Statements 5 April 2024
**Statement of Financial Activities (Including Summary of Income & Expenditure Account) Year Ended 5 April 2024**
||**Unrestricted**
**Restricted**
**Total**
**Funds**
**_Prior_**
**_Year_**|
|---|---|
||**Funds**
**Funds**
**_Funds_**|
||**£**
**£**
**£**
**£**|
|**Income from:**||
|Donations
3|20,000
-
20,000
-|
|HMRC - Gift Aid
3|5,255
-
5,255
_1,188_|
|Bank Interest
3|230
-
230
_26_|
||25,485
-
25,485
_1,214_|
|||
|**Expenditures on:**||
|||
|Grants
4|3,000
-
3,000
_6,000_|
|||
||3,000
-
3,000
_6,000_|
|||
|**Net Income / (Expenditure)**|**22,485**
**-**
**22,485**
**_-4,786_**|
|||
|**Reconciliation of Funds:**||
|Total Funds Brought Forward|113,384
-
113,384
_118,171_|
|||
|Total Funds Carried Forward
6|**135,869**
**-**
**135,869**
**_113,384_**|
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The Camel Trust Annual Report and Financial Statements 5 April 2024
|**Balance Sheet**|||
|---|---|---|
|**As at 5 April 2024**|||
||||
||**05-Apr**|**_05-Apr_**|
||**2024**|**_2023_**|
||**£**|**_£_**|
||||
|Charifund Accumulation units at cost|110,000|_110,000_|
|(Value on 31.03.2024 - £124,160.27)|||
||||
|Charibond Accumulation units at cost|20,000|_-_|
|(Value on 31.03.2024 - £20,989.81)|||
||||
|Cash at Bank:|||
|Current Account|10|_10_|
|Business Reserve Account|5,859|_3,374_|
||||
|Less: Current Liabilities & Accruals
5|-|_-_|
||||
|**Total Net Assets**|**135,869**|**_113,384_**|
||||
|Restricted Funds
6|-|_-_|
||||
|Unrestricted Funds
6|135,869|_113,384_|
||**135,869**|**_113,384_**|
The trustees acknowledge their responsibilities for complying with the requirements of the Charity Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to Charities
The accounts were approved by the Trustees on......./….... /2024 and signed on their behalf by:-
Geert De Neve
Trustee _______________________
Geert De Neve (Fri, 4th Oct 2024 11:34:39 BST)
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The Camel Trust Annual Report and Financial Statements 5 April 2024
## **Notes to the financial statements**
## **1 Basis of preparation**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these accounts.
The accounts have been prepared in accordance with:
- the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (the Charities SORP); and
- the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102);
- The Charities Act 2011.
The Trustees consider that there are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern.
No material prior year error has been identified in the reporting period.
## **2 Accounting policies**
## _Income_
Income is included in the Statement of Financial Activities when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability. Performance related grants are recognised to the extent that the charity has provided the specified goods or services.
It is not practical to value the monetary value of donated time.
## _Expenditure and liabilities_
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
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The Camel Trust Annual Report and Financial Statements 5 April 2024
|3
**Income Resources**|||
|---|---|---|
||**Incoming**||
||**Resources**||
|Unrestricted funds;|**£**||
||||
|J Parry|20,000||
|HMRC - Gift Aid|5,255||
|Bank Interest|230||
||||
||||
||25,485||
||||
|Restricted Funds|-||
|Total Funds|**25,485**||
||||
||||
||||
||||
|4
**Expenditures**|||
|**Unrestricted**|**Restricted**||
|**£**|**£**||
||||
|Grant
3,000|-||
||||
|**3,000**|-||
||||
||||
||||
||||
|**5**
**Current Liabilities: Creditors falling due within one year**|||
||||
||**2024**|**_2023_**|
||**£**|**_£_**|
|Loan & Overdraft|-|_-_|
|Other Creditors & accruals|-|_-_|
||**-**|_-_|
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The Camel Trust Annual Report and Financial Statements 5 April 2024
|**6**
**Net Movement in Funds**|**Balance at**
**Start**
**Income**
**Outgoings**
**Balance as at 5**
**April 2024**|
|---|---|
||**£**
**£**
**£**|
|Unrestricted Funds|113,384
25,485
-3,000
135,869|
|||
|Restricted Funds|-
-
-
-|
|||
||113,384
25,485
-3,000
**135,869**|
The charity has no employees and, therefore, no employee earning in excess of £30,000 per annum.
None of the trustees have been paid any remuneration or received any other benefits from employment with this charity or a related entity.
No trustee expenses have been incurred.
______________________________________________________________________
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