REMINISCENCE LEARNING FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 Pa Contents Reference and administrative details Trustees Report Independent examiner5 report Statement of financial artivities Balance Sheet Notes to the f inancial statements 10-17 CHARITY NUMBER 1105488 COMPANY NUMBER 4720977
REMINISCENCE LEARNING REFERENCE AND ADMINISTRATIVE DETAILS Governing Instrument Memorandum & Articles of Association Status The Company does not have a Share capital and is limited by guarantee Company Registration Number 4720977 Charity Registration number 1105488 Trustees Mr T Baverstock Mrs M Bridge Mrs W Jones Mr W Tregillus lappointed 4 December 2024) Mr B C Withers lappointed 4 December 2024) Ms L J Dean (appointed 6 December 2024) Company Secretary Mrs F R Mahoney Principal address Hamlands Chelston Wellington Somerset TA219HY Examiner Mr P A Morrish FCA Apsleys LLP 21 Bampton Street Tiverton Devon EX16 6AA Bankers HSBC Bank plc 29 Fore Street riverton EX16 6NA
REMINISCENCE LEARNING TRUSTEES REPORT ON THE FINANCIAL YEAR ENDED 31 MARCH 2025 The Trustees (who are also directors of Reminiscence Learning for the purposes of company law) present their report and the financial statements of the charity forthe year ended 31 March 2025. The trustee5 have adopled the provisions of the Statement of Recommended Practice (SORPI "Accounting and Reporting by Charities" {FRS 1021 in preparing the annual report and financi31 statements of the charity. Aim5 Of the Organi5ation Reminiscence Learning aims to relieve the needs of persons living from dement13 by the provision of reminiscence therapy. It also educates the families of persons living from dementia and health care workers in reminiscence therapy. Review of Activities It has been another incredibly busy year for the charity. We have benefited by moving location to a more u5er-f riendly site that allows broader range of activities. throughout the multiple rooms the venue has to offer, and the outdoorspace that allows time enjoyed in nature. Whilst our team took on this giant move we are proud to say that we kept all our current services running and relocated our Respite Activity Sessions {RASlto a local venue. The Respite Activity Sessions continue to provide an essential service to the local community, with numbers remaining at very consistent levels for each session. This popular service supports both clients and carers. Over the 202412025 year, our RAS sessions have seen ongoing monthly massage visits for clients and carers, ongoing weekly Reader and PETtherapv dog visit5 and regular musical entertainment ViSFtors and a wide range of interactNe activities. Our online carers group continues weekly, with an additional growing need for telephone and in personl:l Our monthly face-to-face carers support group has been funded by Court Fields School facilitated in Wellington. Our'Together in Sport, reminiscence sessions held at Somerset County Cricket Club continue5 to thrive and with further Rotary support and the ongoing assistant from Somerset Cricket Foundation ha5 been renewed for another 12 months. Our Community Activity Angels scheme continued to thrtve overthe course of the year, with ongoing weekly. fortnightly and monthly bookings in Care Settings across Somerset. 202412025 saw a marked expansion in our Training contracts. with training for healthcare profe55ionals, national businesses, NHSTrusts, Abbeyfield Care Group, Somerset Care. Notaro Care Group. Camelot Care. RAF Benevolent Fund. GWSR Volunteer Group, Somer5et Council. Somerset Council ASC Team and local businesses benefitting from our training profile both online and in-person. We launched a pilot of Older Peoples Mental Health training package for the NHS and Somerset Council and covered a vast array of care homes across the southwest with a large intake on the pilot and consequently rolled out a second cohort. We have facilitated 34 Archie Projects over the academicyear 202412025 and have taken the yearto rewrite the Project content. focusing on digital accessibility and a more bite-size format. The new Project launched for academic year 202512026 currently has 38 schools signed up.
REMINISCENCE LEARNING TRUSTEES REPORT ON THE FINANCIAL YEAR ENDED 31 MARCH 2025 Review of Activities Continued We were excited to receive a three-year Reaching Communities National lottery funding to make Wellington a dementia inclusive community from this we are spreading dementia knowledge across all sectors within in Wellington and local radius. We have appointed a Community Engagement Coordinator and a Statistician to bring this project together and record our findings. Our team have promoted at many events during the year sharing our service5 and giving ideas and advice to the local community on how they can become dementia aware and how to support a loved one with dementia. Our presence at the Care and Occupational Therapy show in Exeter was a great success with much interest in our training package5 and overall services. We were delighted to be a chosen Finalist in the Best Business women Award5 and successfully go on to win the Charity Champion Award 2024. On the back of this we have benefited by gaining many contacts through networking and our CEO being chosen as one of the 100 inspirational women in the UK- f." entrepreneur and visited the House of Lords. representing the work of the charity. We were their chosen charity for the following year and presented at the 2025 awards ceremony. We continue to support our staff with regular team meetings and Supe[s1on enabling all staff to feel supported and valued within the charity and we launched the first Friends of RL group to assist the team with their ongoing fundraising/events. We were very grateful to have had some wonderful Charity of the Year links over the course of 2024/2025, including Court Fields School. Taunton Vale Rotary, Wellington Town Council, Inner Wheel Bridgwater and Mccarthy & Stone to name but a few. Financial Review It is confirmed that the charity's assets are adequate to fulfil the obligations of the charity. Reminiscence Learning held funds totalling £29531 (2024- £22.6451 at the year end. Of this amount £3297512024: £5.011) is held in Restricted Fund5 which means that they can only be used for specific purposes. Whi15t the result for the year is disappointing it w.as a transitional year. The move of premises meant a slight distraction and some added costs but. as mentioned above. the new premises are working really well. We appointed a consultant to deal with grant applications and an adviser to deal with marketing and Social media. This has successfully raised our prolile and the SULressful number of grant applications. A couple of days before the year end we received the amazing notification that The National Lottery had awarded us £279.788 to fund a 3 year project to make Wellington Dementia Friendly. This was followed by a £15,000 grant to fund a research project by Bath Spa Univer51ty Building a Dementia Inclusive Wellington. Investment Powers Under the Memorandum and Articles of A55ociation the charity has the power to make any investments which the trustees see fit.
REMINISCENCE LEARNING TRUSTEES REPORT ON THE FINANCIAL YEAR ENDED 31 MARCH 2025 Reserves Policy The trustees of Reminiscence Learning consider that a certain level of reserve5 15 required in order to run the company in an orderly prudent manner. Reserves are held by Reminiscence Learning in three funds: Restricted funds. Designated funds and Other Charitable funds. Restricted funds represent money that is earmarked by the donor. The trustees can only use these funds forthe specific purpose for which they were given. Unrestricted funds are divided 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. i.e. earmark certain fund5 for future use: l. The smooth operation of the company is dependent upon its staff and any form of long term illness would involve the company in additional costs for temporary staff. Funds have been set aside to enable Reminiscence Learning to employ temporary staff for approximately three months should the need arise. 2. The trustees have agreed to set aside funds each yearfor staff training. The trustees consider that a certain level-of unrestricted funds held as "Other Charitable Funds" needs to be held as a reserve to enable Reminiscence Learning to absorb Setbacks and to take advantage of change & opportunities. Although this is lower than we hoped at the year end these reserves were boSstered by a very successful fund-raising effort at Shepton Mallet prison at the beginning on the new year. Charity Structure, Governance and Management Reminiscence 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. Name5 of Trustees Mr T Baverstock Mrs M Bridge Mrs W Jones Mr W Tregillus Mr B C Withers Ms LJ Dean The trustees are also directors for the purpose of company law.
REMINISCENCE LEARNING TRUSTEES REPORT ON THE FINANCIAL YEAR ENDED 31 MARCH 2025 Appointment and training of Tru5tee5 New members of the Board of trustee5 are appointed by the members of the Board for the time being. Existing trustee5 are aware of the need to draw candidates that bring relevant skills and expertise to Reminiscence Learning. Potential candidates meet with the Chief Executive who ensures that they have knowledge of Reminiscence Learning and discusses the position with them. They are then invited to attend Board Meetings to ensure that they are aware of the commitment and responsibility of becoming a trustee. Copies of the Memorandum and Articles olAssociation, relevant publications from the Charity commi55ion. a copy of the most recent accounts and minutes of the last Board Meeting are given to the potential candidate who is then invited to join the Board. A formal resolution is put to the Board at the following meeting to confirm the appointment. Risk Management Reminiscence Learning produces a risk assessment which identifies major risks. the potentlal impact on the or8anisation and steps taken to mitigate the risk. This is reviewed regularly. We believe that the maintenance of our free reserve5 and designated reserves at the levels stated on page 8 will provide sufficient resources in the event of adverse conditions. The trustees are also examining other operational and business risks which we face with a view to establishing systems to mitigate the significant risks. Other The trustees have had due regard to guidance published by the Charity Commission on public benefit and believe this is achieved via the charity's objectives and activities. Responsibilities of the trustees The trustees (who are also directors of Reminiscence Learning for the purpose of company lawl are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statement5 for each financial year. which give a true and fair view of the state of affairs of the charitable company and of the incoming resource5 and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements. the trustee5 are required to: select suitable accounting policies and then apply them consistently; observe the method5 and principle5 in the Charity SORP 2019 IFRS'1021- make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial Statements. • prepare the financial statements on the going concern basis unles5 it is inappropriate to presume that the charitable company will continue in operation.
REMINISCENCE LEARNING TRUSTEES REPORT ON THE FINANCIAL YEAR ENDED 31 MARCH 2025 Responsibilities of the trustees continued The tru5tee5 are respor15ible for keeping proper accounting record5 that disclose with reasonable accuracy at any time the financiol position of the charitable company and enable thern to ensure that the financial statements comply with the Companie5 Act 2006. 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. This report has been prepared taking advantage of the small companies exemption of section 415A of the Companies Act 2006. This report was approved by the Board on 17 December 2025. And signed on their behalf by". Mr T Baverstock
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF REMINISCENCE LEARNING I report to the charity trustees on my examination of the accounts of the company forthe year ended 31 March 2025 which are set out on pages 8 to 17. Responsibilities and basis of report As the charity trustee5 of the company {and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061.the 2006 Act"). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 { the 2011 Act"). In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner's Statement Since the company's gr05s income has exceeded £250.000 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 examination because l am a member of the Institute of Chartered Accountants in England and Wales which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: l. accounting records were not kept in respect ofthe company as required 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 accounting requirernents of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fairview, which 15 not a matter considered as part of an independent examination- or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the U K 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 Morri Apsleys LLP 21 Bampton Street. Tiverton. Devon EX16 6AA FCA Date: 17W20
REMINISCENCE LEARNING STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT YEAR ENDED 31 MARCH 2025 2025 Total 2024 Total Notes Unrestricted Restricted Income Income from charFtable activities Revenue funds 99.214 99.214 94.588 Project income Other income 204,168 204,168 173,376 349 349 1,030 Total income 99.563 204.168 303.731 268,994 Expenditure io Charitable activities 117.295 176,204 293,499 282,154 Governance costs 3.345 3,345 3,433 Total expenditure Net incoming/(out8oingl resources before transfers 120,640 176,204 296,844 285,587 121.0781 27.964 6.886 116.5931 Transfers Net incoming/loutgoing) resources after transfers {21.078) 27.964 6,886 116,593) Fund balances at l April 2024 17.634 5.011 22.645 39,238 Fund balances at 31 March 2025 (3,444} 32.975 29.531 22.645 The notes on pages 10 to 17 form an integral part of these financial statements
REMINISCENCE LEARNING BALANCE SHEET 31 MARCH 2025 2025 2024 Note Fixed assets 6.330 8.243 Current a55ets Stock Debtors Cash at bank and in hand 5.853 10.466 26.206 42.525 7.599 6.395 13,019 27,013 Creditors: Amounts falling due within one year 19,324 12,611 Net current assets 23.201 14.402 Total assets less current liabilitie5 29.531 22.645 Income funds Restricted funds Unrestricted funds: Designated funds Other charitable funds 32.975 5,011 9,000 112.444) 29.531 9,OCKI 8,634 22,645 For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: •The members have not required the companyto obtain an audit of its accounts for the year in question 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 preparation of accounts The financial 5tatement5 have been prepared in accordance with the provisions applicable to companies subject to the small companie5, regime. The financial statements were approved and authorised for issue by the board on 17 December 2025. And signe n its behalf b Mr T Baver5tock Company registration number 4720977 The notes on pages 10 to 17 form an integral part of these financial statements
10 REMINISCENCE LEARNING NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 l. Company status Reminiscence Learning is a private company limited by guarantee and does not have a share capital. The company is a registered charity in England within the United Kingdom. In the event Df the charity being wound up , the liability in respect of the guarantee is limited to £10 per member of the charity. The charity constitutes a public benefit entrty as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparinE their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 {as updated through Update Bulletin I published on 2 February 2016). the Charitie5 Act 2011. the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fairvalue. The financial statements are prepared in sterlingwhich is the functional currency of the charity and rounded to the nearest £. 2. Accounting policies The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otheNiise stated. l. Income Recognition Income comprises grants and funding receivable from public and private bodies and income from cour5e5. When donors specify that grants given to the company must be used in future accounting periods. the income is deferred until those periods. When donors specify that grants are for particular restricted purposes. which do not amount to pre- conditions regarding entitlement. this income s included in incoming resources of restricted funds when receivable. No amount is included in the financial statements for volunteer time in line with the SORP {FRS 102}. Further detail 15 given in the Trustees. Annual Report. Interest is included when receivable by the company.
11 REMINISCENCE LEARNING NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 2. Accounting policies continued 2. Expenditure a} Expenditure 15 included in the Statement 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. bl Charitable.expenditure comprises those costs incurred by the charity in the delivery of its activities and service5 for its benef iciaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. cl 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. dl Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Certain other costs, which are attributable to more than one activty, 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 Fund5 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 OLrt 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 orwhen 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 statements. 4. Fixed assets and depreciation Oepreciation 15 provided at a rate calculated to write off the cost less residual value of each asset over its expected useful life as follows: Computer equipment: Equipment- 4 years Straight ITne 15% reducing balance 5. Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. CDSt 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 first-in, fir5t-out formula. Provision is made for darnaged, obsolete and slow-moving stock where appropriate.
12 REMINISCENCE LEARNING NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 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 equivalent5 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 operate5 a defined contribution plan for the benefit of its employees. Contribution5 are expended as they become payable. 9. Tax The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and 15 considered to pass the tests set out in Paragraph I Schedule 6 Finance Act 2010 and therefore It meets the definition of a charitable company for UK corporation tax purposes. 10. Going Concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorisinE these financial statements. The budgeted income and expenditure bs sufficient with the level of reserves forthe charity to be able to continue as a going concern. 3. Directors emolument5 2025 2024 Management remuneration
13 REMINISCENCE LEARNING NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 4. Fixed assets Com uter ui ment Total Cost At l April 2024 Added Disposal At 31 March 2025 Depreciation At l April 2024 Disposal Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 14,073 276 (3.6361 10.713 10.535 768 14.7361 6.567 24,608 1,044 18,3721 17,280 6.223 12.279) 1,015 4,959 10,142 14,451) 300 5.991 16,365 16,7301 1.315 10,950 5,754 7.850 576 393 6,330 8,243 2005 5. Debtors 2024 Debtors Prepayments 10,466 6,105 290 6,395 10.466 2025 6. Creditors- Amounts falling due within one year Other taxes and social security Other creditors 2024 3,922 15.402 19.324 2,729 9,882 12.611
14 REMINISCENCE LEARNING NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 7. Restricted fund5 AIIA ril 2024 Movement in resources Incomin Out At 31 March s 2025 oin Archie Wellington Community Projects Carers Support Group Memory Activity Group Respite Activity Sessions Garden Renovation Together in Sport Old Peoples Mental Health 3.3CKJ 26.042 21,690 7,652 17,509 830 4.600 80.701 22.000 5.436 47,050 204,168 17.509 1,085 4,600 80,701 878 623 22.000 900 1,800 32,975 833 5,369 45.250 176.204 5.011 Archie is an intergenerational dementia project. Wellington Community Projects is a programme of activities aimed at promoting awareness of dementia and supporting carers. Carers Support Group is a monthly face-tTrface session enabling family carers to meet in a safe Space sharing experiences and supporting one another. Memory Activity Group is a project which provides activities in Wiveliscombe in a friendly atmosphere for people with memory loss and dementia. Respite Activity Sessions provides respite activities in Wellington wtth the overall aim of SUPPDrtlng carers and those they care for. The garden renovation project will provide a secure usable outside space for those with dementia and their carers. Together in Sport is projett for people livingwith memory loss/dementia and their carers with a variety of physical activities. Old Peoples Mental Health is a system wide approach to behaviours that challenge us. A series of three training days with on-going mentorship for learners and management.
15 REMINISCENCE LEARNING NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 8. Designated 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 ril 2024 New Released Utilised At 31 March 2025 de51 nation5 Training Illness 600 8,400 9,000 910 {910) 600 8,400 9,000 910 19101 Training: The directors have agreed to provide funds for staff training. Illness: Funds have been allocated to cover period5 of staff illness that result in additional costs being incurred. 9. Analysis of net assets between fund5 Unrestricted funds Restricted funds Total funds Fund ba13nces at 31 March 2025 are represented by- Fixed assets Current assets Current liabilities 5.698 2.982 112,1241 {3,444) 632 39.543 {7,2001 32.975 6.330 42.525 119,324) 29,531
16 REMINISCENCE LEARNING NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 10. Expenditure Unrestricted Restricted 2025 2024 Charitable activities Salaries Resources and anci113ry expenditure Rent Service charge Heat & light Water 49.883 116,307 59,897 166,190 59,897 13,719 1.315 6.093 112 166,389 67,515 8,641 1.281 8.416 13.719 1,315 6,093 112 Travel Fund raising Marketing Insurance Licences Telephone Postage• printing and stationery Repairs Training Professional fees Consultancy fees Bank charges and interest Refreshments Cleaning Subscription5 Miscellaneous Loss on disposal of fixed assets Depreciation 4,011 795 9.751 3,260 490 4.011 795 5.911 2.902 4.428 2,984 251 4,359 1,078 1,664 340 582 140 513 448 740 557 1,461 9,751 3.260 490 2,807 4,339 3,018 910 1,230 2,807 4.339 3.018 910 1.230 9.000 449 538 1.153 781 686 1.642 1.315 117.295 449 538 1,153 781 686 1,642 1.315 293,499 1,554 282,154 176.204 Govemance costs Salaries 3,345 3,345 3,433 Total expenditure 120,640 176,204 296,844 285.587
17 REMINISCENCE LEARNING NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 11. Tru5tee5 remuneration and expenses 2025 2024 Trustees remuneration Trustee5 expenses Nil 12. Employees The average number of full time employees forthe year was 812024- 6). No employee5 earned £60000 per afinum or more. 2025 2024 Gross wages and salaries National insurance Employers pension contributions 160,050 6.449 3,037 169,535 162.243 4,661 2,918 169.822 13. Related party transartion No contracts ortransactions were entered into by the company with any of the directors or any member of staff which requires disclosure in the accounts.