REMINISCENCE LEARNING FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 Con Reference and adminlstratlve details Trustees Report Independent examiners report ststement of financlal activities Balance Sheet 10 Notes to the financial statements 11-18 CHARrtY NUMBER 1105488 COMPANY NUMBER4720977
REMINISCENCE LEARNING REFERENCE AND ADMINisfRATIVE DETAILS Governing Instrument Memorandum & Articles of Association Status The Company does not have a share capitsi and is limited by guarantee Company Registration Number 4720977 Charlty Registration number 1105488 Trustees Mr T Baverstock Mrs M Bridge Mrs W Jones Mr M Raisey (reslgned 14 March 2024) Mr A Tudor (resigned 21 March 2024) Mr D I Wicks (resigned 14 March 2024) Company Secretary Mrs F R Mahoney Principal address Hamlands Chelston Wellington Somerset TA219HY Examlner Mr P A Morrtsh FCA Apsleys LLP 21 Bampton Street Tlverton Devon EX16 6AA Bankers HSBC Bank plc 29 Fore Street TNerton EX16 6NA
REMINISCENCE LEARNING TRUSTEES REPORT ON THE FINANCIAL YEAR ENDED 31 MARCH 2024 The Trustees (who are also directors of Reminiscence Learning for the purposes of company law) present their report and the financial ststements of the charity for the year ended 31 March 2024. The trustees have adopted the provtsions of the Statement of Recommended Practice {SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial ststements of the charity. Alms of the Oyganlsatlon Remlniscence Leamlng aims to relieve the needs of persons suffering from dementia by the provision of rerniniscence therapy. It also educates the families of persons suffering from dementla and health care workers In remlniscence therapv. Revlew of Actlvltles It has been another Incredibly busyyearforthe charity. 2023 h8s seen 8 monumental fundraising Ih effort in line with our 20 Anniversary celebrations- at the beginning of 2023 we set ourselves a fundraislng target of £20,000. Bythe end of 2023 we had raised a phenomenal 230,000 through Ih multltude of events such as our 20 Annfversary Ball and Auctlon, which was held 8t the Somerset County Crlcket Club in Aprit 2023. This immedlately followed our attendance as flnalists 8t the Somerset Business Awards celebration gala, which started our flnancial year on very positive note. Resplte Actlvlty Sesslons contlnue to provide an essentlal service to the local communlty, wlth numbers remalning atveryconsistent high leveLs for each session. This popular servlce supports both clients and carers. Overthe 202312024 year, our RAS sesslons have seen ongoing monthly massage vlsits for clients and carers, ongolng weekly Reader and PEftherapy dogvisits and 8 12- week Mu81c Therapy course in conjunction with University of West England. Our online carers group contlnues to growfrom strength to strength and wlth support from the Co- Operative Communlty Fund we opened a monthlyface-to-face carers support group In October 2023 which continues to be facllitated in Wellington on a monthly basis. Our Yogether in Sport, remlnlscence sessions held at Somerset County Cricket Club continues to thrive and with further Rotary support has been renewed for another 12 months. Our Communlty ActlvityAngels scheme continued to thrive over the course of the year, with ongoinEweekly, fortnightly and monthly bookings in Care Settings across Somerset. Our quarterly'Dance for Dementi8' live music and supper nights continued to be very well attended, with local bands such as'monopole,, 'Lynx' and 'Old Skool. drawing quite the crowd.
REMINISCENCE LEARNING TRUSTEES REPORT ON THE FINANCIAL YEAR ENDED 31 MARCH 2024 Revlew of Actlvltle5 Contlnued 202312024 saw a marked expanslon In ourTralnlng contracts. wlth trainingfor heaLthc8re profession8ls, national businesses, NHSTrusts, Abbeyfield Care Group, Somerset C8re, Notaro Care Group, Camelot Care, RAF Benevolent Fund, GWSR Volunteer Group, Somerset Council, Somerset CounciLASC Te8m and local businesses benefftting from our training profile both online and in-person. The hard decision was taken to close ourwonderful Forest SchooL as of August 2023 due to the changlng physical needs of our clients- instead we receNed National Lotteryfunds from Gocreate to run a Winter Arts creative sesslon from the Gocreate hub in Taunton. This proved to be an incredibly popular project with high volume attendance each weeL We have facilitated 14Archie Projects overthe 8C8demic ye8r202312024 and have taken the year to rewrlte Project content, focussing on digital accessibitity and a more bite-size format. The new Proj8Ct launch for academic year202412025 currently has 52 hOolS signed up, accompanied by a very strong plpellne of over 30 other Schools pending confirmation. M8y saw 8 vlslt to Buckingham Palacefor the Kings, first official Garden Party in recognitlon of Reminiscence Learning's hard work overthe past 20 years, alongside a wide range of onllne and In-person interactlons with Primary SchooLs across the county as they celebrated Dementia Action Week and allthelr wonderful Archie Project efforts over the academic year. The charity also attended the Special Evensong Service atwells Cathedral in May, upon the invite of the Lord Lieutenant of Somerset. We received a grant from the National Lottery to put on a free-of-.charge inclusive community event for care settlngs across Somerset. After weeks of rehearsals with Pefftjrming Arts students from SPACE performing arts centre in Taunton, June sawtwo shows of The Show Must Go On,, an exploratlon of greatest hlts from musicals over the decades complete with singalong moments, red carpet and photographed arrival for alL attendees, a wide range of audience props, wonderful costumes and refreshments provided by ushers atthe interval. June also sawthe charlty 8ttend the Rif les Reglment Parade in WeLlington. upon invite of the Mayor of Wellington. The Reminiscence Learning dementla-friendly communlty singlnggroup'SinEingfor Fun, performed at wide range of streetfairs and shows across June and July, includlng the Weuington Street Fair, Somerset County Show and the Mid Devon Show. August saw the charity set up a weekend-long play and craft area at ChardRock festival, with whom we were lucky enough to partnerwith as charity of the year. August also sawthe beginning of Reminiscence Learnings. involvementwith the Voluntary Community Faith Social Enterprise Sector (VCFSE) in conjunction with SPARK Somers8t, commencing with 8 vlslt to Taunton Rugby CLub forthe InauguralVCSFE Members Forum.
REMINISCENCE LEARNING TRUSTEES REPORT ON THE FINANCIAL YEAR ENDED 31 MARCH 2024 Revlew of Actlvltles CoTrtlnued Septemberwas an incredibLy busy month for Reminiscence Learnin& with our RAS day centre hosting the Lord Lieutenant of Somerset, the Deputy Lord Lieutenant and Wellington Town Council representatives in order to discuss the impact of the cost-of-living crisis on Carers and their famiLies, as well as on the charity. Reminiscence Learning was invited to submit an article to the Commonwealth 2023 Dementia'CommonAg8' Summit and also commenced ongolngtalks with a Sw-based film company on a film named 'Picks', wlth the various types and symptoms of dementla as 8 runningtheme. October saw the charity attend thewellington Town Councll Mayors Reception alongside the commencement of 'Singingfor Fun, singing group rehearsals for the'christmas at The Wellesley, Cttristm8s show in December. A'Pre-Loved Sale, heLd In Welllngton In January klcked off 2024, wlth plans In fulLswlngfor th8 'Evenlng with James Partridge, event held atTaunton School In March by natlonaL performance artlstJames Partrldge. Parallel to thls w8s our 'Archie on Tourf extrav8g8nza which featured Reminiscence Learning Patron Angela Rippon 88 She danced herway through 'Strlctly Come Dancing, 2023. The Archie Project, mascotArchie accompanied Angela to her rehearsals and shows, 88 well 8S throughout the UK-wide roadshow. Schoolchildren across the county were captivated by Archles, backstage pl¢tures. meet and greets with the stars.'on Ioc8tlon' Images and vld&os of hlm meeting the Judges Panel. Our sponsored 12-hour Danceathon In February 2023 saw the arrlval of new charltyAmbassador Richard Mccourt ('Dick', Irom children's entertainment duo Dick and Dom), aLongslde another very successful and well-8ttended fundraislng endeavour. The daywas opened by our further new ch8rityAmbassador, ex-BBC journalist and local editor Clinton Rogers, who aLso covered the event in the run-up. We continue to support our steff wlth regularteam meetlngs and supervision enabLing all staff to feeL supported and valued within the charity. We are very gratefulto have h8d some wonderful Charityof theyear links over the course of 202312024, inclusive of Court Fields School, Walpole Dunn Accountants. ChardRock Festival, Taunton Vale Rotary and Rumwell Farm Shop.
REMINISCENCE LEARNING TRUSTEES REPORT ON THE FINANCIAL YEAR ENDED 31 MARCH 2024 Rnanclal Revlew It Is confimied that the charity's assets are adequate to fulfil the obligations of the charity. Reminiscence Leaming held funds totslling £22,645 (2023: £39,238) at the year end. Of this amount £5011 (2023: £18,626) is held in Restricted Funds which means that they can only be used for specific purposes. This leaves £17,634 (2023: £20,612) on Other Unrestricted Funds. Investment Powers Under the Memorandum and Artlcles of Association the charity has the power to make any investments which the trustees see frt. Reserves Pollcy The trustees of Reminiscence Learning consider that a certain level of reserves Is required In order to run the company in an orderly prudent manner. Reserves are held by Remlnlscence Learning In three funds: Restricted funds, Designated fund5 and Other Charitsble funds. Restricted funds represent money that is earmarked by the donor. The trustees can only use these funds for the specific purpose for which they were glven. Unrestrlcted funds are dlvlded Into two parts: Designated funds and Other Charitable funds. These are funds that the directors may use for any purpose within the objects of Reminiscence Learning. The trustees have decided to designate, l.e. earmark certaln funds for future use: l. The srnooth operatlon of the company is dependent upon Its staff and any form of long term Illness would involve the company in addttional costs for temporary stsff. Funds have been set aslde to enable Reminiscence Learning to ernploy temporary staff for approximately three month5 should the need arise. 2. The trustees have agreed to set aside funds each year for Stsff training. The trustees consider that a certain level of unrestricted funds held as "Other Charitsble Funds. need5 to be held as a reserve to enable Reminiscence Learning to absorb setbacks and to take advantage of change & opportunities. Charlty Structure, Governance and Management Remlniscence Learning was set up on 2 April 2003. The registered office is Hamlands, Chelston, Wellington, Somerset. TA219HY. Its activities are overseen by a Board of trustees with a minimum number of 3. The company became a Registered Charity on 16 August 2004.
REMINISCENCE LEARNING TRUSTEES REPORT ON THE FINANCIAL YEAR ENDED 31 MARCH 2024 Names of Trustees Mr M Raisey (resigned 14 March 2024) Mr T Baverstock Mrs M Bridge Tudor (resigned 24 March 2024) Mr D I Wtcks (resigned 14 March 2024) The trustees are also directors for the purpose of company law. Mrs Wjones MrA Appolntment and tralnlng of Trustees New members of the Board of trustees are appointed by the members of the Board for the time being. Existing trustees are aware of the need to draw candidates that bring relevant skllls and expertise to Reminiscence Learning. Potential ndIdateS meet with the Chief Executive who ensures that they have knowledge of Reminiscence Learning and dlscusses the position with them. They are then invited to attend Board Meetlngs to ensure that they are aware of the commitment and responsibility of becoming a trustee. Copies of the Memorandurn and Articles of Association. relevant publications from the Charity commission, a copy of the rnost recent accounts and minutes of the last Board Meetlng are 8lven to the potential candidate who is then invited to join the Board. A fornial resolution Is put to the Board at the following meeting to confimi the appointment. R15k Management Remlnlscence Learning produces a risk assessment which identifies major rlsks, the potential impact on the organisation and steps taken to mitigate the risk. This is reviewed regularly. We believe that the maintenance of our free reserves and designated reserves at the levels stated on page 8 will provide sufflclent resources In the event of adverse conditions. The trustees are also examlning other operatlonal and buslness risks whlch we face with a vlew to establlshlng systems to mltlgate the significant risks. Other The trustees have had due regard to Euldance published by the Charity Commission on public benefit and believe this is achieved via the charity's objectives and activitie& Responslbllltles of the trustee5 The trustees (who are also directors of Reminiscence Learning for the purpose of company law) are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice).
REMINISCENCE LEARNING TRusfEES REPORT ON THE FINANCIAL YEAR ENDED 31 MARCH 2024 Responslbllltles of the trustees contlnued Company Law requires the trustees to prepare financial statements for each financial year, which give true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the Income and expenditure, of the charitable company for that period. In preparing these financial ststements, the trustees are requlred to: select suitable accounting policies and then appty them consistently: • observe the methods and principles in the Charity SORP 2019 (FRS 102); • make Judgements and estimates that are reasonable and prudent; ' state whether applicable UK Accounting Stsndards have been followed, subjert to any materlal departures disclosed and explained in the financial statements. •prepare the financial statements on the 8oin8 concern basis unless it is inappropriate to presume that the charitable company will continue In operatlon. The trustees are responsible for keeplng proper accounting records that disclose wlth reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial ststements comply with the Cornpanies Act 2006. They are also responsible for safeguardlng the assets of the charitsble company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared taking advantsge of the small companles exemption of section 415A of the Companles Art 21)06. Thls report was approved by the Board on IC And signed on their behal 2024 Dir
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF REMINISCENCE LEARNING I report to the charity trustees on rny examination of the accounts of the company for the year ended 31 March 2024 which are set out on pages 9 to 18. Responslbllltles and basls of report As the charity trustees of the company land also its directors for the purposes of company law) you are responsible for the preparatlon of the accounts in accordance wlth the requlrements of the Companies Act 2006 ("the 2006 Act"). Havlng satisfied myself that the accounts of the company are not required to be audlted under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of vour company's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my &Yamination I have followed the Directions glven by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examlnees statement Slnce the companvs gross income has exceeded £250,CX)O your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examlnatlon because l am a member of the Instftute of Chartered Accountants in England and Wales which Is one of the Ilsted bodles. I have completed rny examination. I conflrm that no matters have come to my attention in connection with the examination giving me cause to believe that in any rnaterial respect: l. accountlng records were not kept In respect of the company as requlred by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accountlng requlrements of section 396 of the 2006 Act other than any requirement that the accounts give a *rue and fair view which is not a matter considered as part of an independent examination: or 4. the accounts have not been prepared In accordance with the methods and princlples of the ststernent of Recommended Practice for accounting and reportlng by charitles applicable to charlties preparing their accounts in accordance With the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 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 P A Morrish FCA Ap51eys LLP 21 Bampton Stree¢ Tlverton. Devon EX16 fAA 202
REMINISCENCE LEARNING STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2024 024 Total 2023 otal Not Unrestricted estricted Income Income from charitsble actlvitles Revenue funds 94,588 94,588 173,376 1,030 90,607 Project income Other income 173,376 143,400 207 1,030 Totsl Income 95,618 173,376 268,994 234,214 Expendlture 10 Charitable actlvities 95,163 186,991 282,154 247,444 Governance costs 3,433 3,433 3,035 Total expendlture Net Incomln81(outyolng) resources before transfers 98,596 186,991 285,587 250,479 (2,978) (13,615) (16,593) (16,265) Transfers Net Incomln81(outgolng) resources after transfers (2,978) {13,615) (16,593) (16,265) Fund balances at l April 2023 20,612 18,626 39,238 55,503 Fund balances at 31 March 2024 17,634 5,011 22,645 39,238 The notes on pages 11 to 18 form an integral part of these financlal statements
10 REMINISCENCE LEARNING BALANCE SHEET 31 MARCH 2024 2024 2023 Note Fixed assets ,243 9,417 Current assets stock Debtors Cash at bank and in hand 7,599 6.395 13.019 27,013 7,075 3,825 36,299 47.199 Credltors: Amounts falling due within one year 12,611 17,378 Net current assets 14.402 29.821 Totsi assets less current Ilabllltles 22,645 39,238 Income funds Restricted funds Unrestricted funds: Designated funds other charitable funds 5,011 18,626 9,000 8,634 22,645 9,000 11,612 39,238 For the year ended 31 March 2024 the company was entttled to exemption from audit under section 477 of the Companles Act 2006 relating to small companies. Directors, responsiblltties: •The members have not required the company to obtain an audit of its accounts for the year in questlon 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 prepardtion of accounts The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The financial statements were approved and authorised for issue by the board on , i( *4 And sign on its behalf Direttor Company registratlon number 4720977 The notes on pages 11 to 18 form an integral part of these financial ststements
11 REMINISCENCE LEARNING NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 l. Company ststus Reminiscence Learning is a prwate cornpany limited by guarantee and does not have a share capital. The company is a registered charity in England within the United ngdOrn. In the event of the charity being wound up, the liabillty in respect of the guarantee is limited to £10 per member of the charity. The charlty constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin I published on 2 February 2016), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financlal ststements are prepared on a 8oin8 Concern basis under the historlcal cost conventlon, modlfled to Include certaln Items atfair value. The financlal ststements are prepared in sterllng whlch Is the functlonal currency of the charity and rounded to the nearest £. 2. Accountlng poliaes The signrficant accounting pollcies applied in the preparatlon of these financial ststements are set out below. These polldes have been consistentty applied to all years presented unless otherwise stated. l. Income Recognition Incorne comprlses grants and funding receivable ftom public and private bodies and income from courses. When donors speclfy that grants glven to the company must be used in future accountlng perlods, the Income is deferred until those periods. When donors specify that grants are for particular restricted purposes, whlch do not amount to pr conditions regarding entitlement, thls income is included in incoming resources of restricted funds when receivable. No amount is included in the financial ststements for volunteer time in line with the SORP (FRS 102). Further detail Is given in the Trustees, Annual ReporL Interest is included when receivable by the company.
12 REMINISCENCE LEARNING NOTES TO THE FINANCIAL STATEMEN YEAR ENDED 31 MARCH 2024 2. Accountlng policles continued 2. Expendtture a) Expenditure is included in the Ststement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered and including equipment which is written off in the year of purchase. b) Charitable expenditure comprises those costs incurred by the charity in the delivery of its activitie5 and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. c) Governance costs include those costs associated with Meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. d) Certain expenditure is directly attributable to specific artivities and has been included in those cost categories. Certain other costs, which are attributsble to more than one activity, are apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff on those activities. 3. Fund accounting Funds held by the company either". Unrestricted general funds- these are funds which can be used in accordance with the objects at the discretion of the trustees. • Designated funds - these are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects. • Restricted funds - these are funds that can only be used for particular restricted purposes within the objects of the company. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is Included in the notes to the financial ststements. 4. Fixed assets and depreciation Depreciation is provided at a rate calculated to write off the cost less residual value of each asset over its expected useful lrfe as follows: Computer equipment: Equipment: 4 years straight line 15% reducing balance 5. Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase. costs of conversion and other costs incurred in bringing stock to its preset location and condition. Cost is calculated using the first4n, first-out formula. Provision is made for damaged, obsolete and slow-moviTrd stock where appropriate.
13 REMINISCENCE LEARNING NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 6. Debtors and creditors receivablelpayable within one year Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. 7. Cash Cash and cash equlvalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. 8. Employee benefits The charity operates a defined contrlbutlon plan for the benefft of its employees. Contributlons are expended as they become payable. 9. Tax The charity is an exempt charlty wlthin the meaning of schedule 3 of the Charitles Act 2011 and Is considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore It meets the definition of a charltable company for UK corporatlon tax purposes. 10. Going Concern The financial ststements have been prepared on a golng concern basis as the trustees believe that no matsrial uncertainties exist. The trustees have considered the level of funds held and the expected level of Income and expenditure for'12 months from authorising these financial statements. The budgeted income and expenditure is sufficient wlth the level of reserves for the charity to be able to continue as a golng concern. 3. Dlrectors emoluments 024 2023 Management remuneration
14 REMINISCENCE LEARNING NOTES TO THE FINANCIAL sfATEMENTS YEAR ENDED 31 MARCH 2024 4. Flxed assets Com ui Total Cost At l April 2023 Added At 31 March 2024 Depreciation At l April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 14,073 10,155 380 10,535 24,228 380 24,608 14,073 5,678 545 6,223 9,133 1,009 10.142 14,811 1,554 16.365 7,850 8,395 393 1,022 8.243 9,417 02 2023 5. Debtors Debtors Prepayments 6,105 290 6,395 3,585 240 3,825 2024 2023 6. Credltors - Amounts falllng due wlthln one year Other taxes and soclal security Other creditors 2,729 9,882 12,611 2,627 14.751 17,378
15 REMINISCENCE LEARNING NOTES TO THE FINANCIAL sfATEMENTS YEAR ENDED 31 MARCH 2024 7. Restritted funds AtIA 023 Movement in resou Incomin Ou oin ces At 31 Marc 2024 Transfer Archie Wellington Cornmunlty- Projects Community Learning Programme Carers Support Group Resplte Actlvity Sessions Together in Sport Old Peoples Mentsl Health 12,850 16,610 26,160 3,300 16,859 16,859 2,833 11,843 1,757 70,493 5,814 50,000 173,376 14,676 879 73,286 5,131 50,000 186,991 878 2,793 150 833 18.626 5,011 Archle Is an Intergeneratlonal dementia project Wellington Communty Projects is a programme of actlvitles, Including Forest School Plus which continues to work wlth people who attend the Forest School during the school holidays, and Is almed at promoting awareness of dementia. Community Learning Programme provides Forest School sessions. Carers Support Group Is a monthly face-to-face sesslon enabllng family carers to meet In a safe space sharing experlences and supporting one another. Resplte Activity Sessions provides respite activities in Wellington with the overall aim of supporting carers and those they care for. Together in Sport is project for people livlng with memory lossldementla and thelr carers wlth a variety of physlcal activlties. Old Peoples Mental Health is a system wide approach to behaviours that callenge us. A serles of three training days with on-going rnentorship for learners and managemenL
16 REMINISCENCE LEARNING NOTES TO THE FINANCIAL sfATEMENTS YEAR ENDED 31 MARCH 2024 8. Deslgnated funds The income funds include the following designated funds which have been set aside out of unrestricted funds by the directors for specific purposes. AtIA 2023 New nations Released At 31 March 2024 Training Illness 340 (340) 600 8,400 9,000 (340) Training: The directors have agreed to provide funds for stsff trainlng. Illness: Funds have been allocated to cover perlods of stsff illness that resuft In additional costs being Incurred. 9. Analysls of net assets between funds Unrest icte funds Total fu nds Fund balances at 31 March 2024 are represented by - Fixed assets Current assets Current liablllties 7,204 16,871 (6,441) 17,634 1,039 10,142 (6.170) 5,011 8,243 27,013 (12,611 22,645
17 REMINISCENCE LEARNING NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 10. Expendlture Unrestricted Restricte 024 2023 Charltable actlvltles Salaries Resources and ancilliary expenditure Rent Service charge Heat & light Travel Fund ralsing Marketing Insurance Llcences Telephone Postage, printing and ststionery Repairs Training Professional fees Consultancy fees Bank charges and interest Refreshments Cleaning Subscriptions Miscellaneous Depreciation 46,913 119,476 67,515 166,389 67,515 8,641 1,281 8,416 5,911 2,902 4,428 2,984 251 4,359 1,078 1,664 340 582 140 513 138,878 55,864 10,038 1,336 3,820 5,154 11,758 3,272 2,111 275 2,275 2,127 2,620 633 216 1,600 470 370 721 697 1,082 2,127 247,444 8,641 1,281 8,416 5.911 2,902 4,428 2,984 251 4.359 1,078 1.664 582 140 513 448 740 557 1,461 1,554 95,163 740 557 1,461 1,554 282,154 186,991 Governance costs Salaries 3,433 3,433 3,035 Total expendlture 98,596 186,991 285,587 250,479
18 REMINISCENCE LEARNING NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 11. Trustee5 remuneratlon and expenses 2024 2023 Trustees remuneration Trustees expenses 12. Employees The average number of full time employees for the year was 6 (2023: 6). No employees earned £6001X) per annum or more. 2024 2023 Gross wages and salaries National insurance Employers pension contributions 162.243 4,661 2,918 169,822 135,401 4,086 2.426 141,913 13. Related party transactlon No contracts or transactions were entered Into by the company wlth any of the dlrectors or any member of staff which requlres disclosure in the accounts.