# **Company No: 06814962 Registered Charity Number: 1133484** # **BETTER UNDERSTANDING OF DEMENTIA FOR SANDWELL (BUDS)** # **COUNCIL OF MANAGEMENT AND TRUSTEES REPORT AND ACCOUNTS** For the Year ended 30th June 2024 1 BETTER UNDERSTANDING OF DEMENTIA FOR SANDWELL (BUDS) ## ANNUAL REPORT AND ACCOUNTS For the year ended 30th June 2024 REFERENCE AND ADMINISTRATIVE DETAILS FOR THE CHARITY, ITS TRUSTEES AND ADVISERS Trustees Mrs.Kay Rachel Shilton (Chair) Victor Paul Sivester, MBE, (Treasurer) Peter Gaunt Rachel Louise Silber Cllr. Robert Francis Piper Company Registered Number 06814962 Charity Registered Number 1133484 Registered office Barlow Community Hall 110, Pound Road, Oldbury, B68 8NB, West Midlands. Related parties:- Mr.Victor Silvester and Mrs. Rachel Silber are also trustees of The Harborne and Smethwick Charitable Trust, which is the overall trustee of the Harborne Parish Lands Charity. 2 Company No: 06814962 |BETTER UNDERSTANDING OF DEMENTIA FOR SANDWELL|| |---|---| |(BUDS)
|| |ANNUAL REPORT AND
|| |ACCOUNTS|| |For the year ended 30th June 2024
|| |Contents|| |Page|| |AnnualReport of Management Board|4| |Independent Examiners Report
|7| |Statement of Financial Activities|9| |Balance Sheet|10| |Notes forming part of the financial statement|12 to| ||16| 3 ## **BETTER UNDERSTANDING OF DEMENTIA FOR SANDWELL (BUDS)** ## **REPORT OF THE TRUSTEES For the Year Ended 30 June 2024** I write this report on behalf of the Trustees for the year 30[th] June 2024. I report on a stable year for Better Understanding of Dementia for Sandwell (BUDS). Referrals to BUDS are regular and with collaboration with others such as the Community Dementia Service people with Dementia their families, and their carers are navigated by a Dementia Navigator accordingly to the correct service provider in accordance with the persons with Dementia needs and journey. This has been a beneficial collaboration to clients, their families, and their carers. Staff are continuing to promote BUDS and ensure that we are involved with every opportunity available in Sandwell. This has involved collaborating with other organisations and working on various other projects together. BUDS has delivered activity sessions for persons with Dementia in this financial reporting period from Barlow Community Hall in Sandwell. The activity sessions that are provided are well received by clients with fantastic feedback from families and carers. ## **The Year Ahead** BUDS will continue to fundraise and promote its services. BUDS will slowly continue to grow its services and groups to meet the needs of demand. I am positive that BUDS will be recognised as a friendly worthwhile organisation. BUDS has many events planned for the coming year. ## **Achievement and Performance** BUDS continues to grow at a slow steady pace. There has been a steady stream of referrals. It has been an impressive year for BUDS and the Trustees are confident that we will continue to thrive. All staff work extremely well and are a fantastic team, each dedicated to the clients and their work with them. Each activity session is tailored around the client’s needs. Throughout each session clients are continually encouraged to participate mentally 4 and physically. The Trustees can count on the staff to provide an outstanding service. Thank you for your ongoing hard work and dedication to the services. Donald Payne and Claire Mahmood have worked together to achieve funding to help BUDS provide activities and events throughout this financial year and the Trustees thank them for your remarkable achievements. Sharon Crowley and Claire Mahmood continue to promote BUDS and ensure that the service runs smoothly. The two ladies work together extremely well. The time and effort that they both provide to BUDS is exemplary. Thank you for all that you both do. I appreciate you both and I support your vision for the growth of BUDS. BUDS will collaborate with other organisations and continue to promote Dementia services throughout Sandwell. ## **Better Understanding of Dementia for Sandwell (BUDS) Trustees** I would like to thank the Trustees for their continued time, support, and assistance to me and to Better Understanding of Dementia for Sandwell (BUDS) services. Your regular attendance at our Trustees Meetings and contact with me and managers via email is appreciated. I truly value you and I am grateful for everything that you do, and the time that you donate to Better Understanding of Dementia for Sandwell (BUDS). **Kay Shilton- Chairperson 30[th] September 2024** Buds is committed to delivering cost effective services. Over the last financial year, we have received the following grants. |Edward and Dorothy Cadbury Trust|£2,000.00| |---|---| |Anonymous|£5,000.00| |Baron Davenport|£1,000.00| |SMBC Carers Grant|£10,000.00| |Cole Charitable Trust|£2,000.00| |Limoges Trust|£500.00| |Harborne Parish Lands|£9,280.00| 5 |George and Thomas Henry Salter Trust|£750.00| |---|---| |Birmingham District Nursing Fund (Shakespeare|| |Martin)|£3,000.00| |W.E.D Charitable Trust|£1,000.00| |Cadbury Charitable Trust|£1,000| |SC Morland|£500.00| |Grimmitt Trust|£3,000.00| |Eveson Trust|£18,000.00| |Tipton and Coseley|£800.00| |The Wesleyan Foundation|£5,935.00| |The Saintbury Trust|£3,000.00| |Carers Grant SMBC|£5,000.00| |Lillie Johnson Trust|£500.00| |Anonymous|£5,000.00| |CB & HH Taylor|£1,000.00| |Harry Payne Fund|£2,000.00| 6 ## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF BETTER UNDERSTANDING OF DEMENTIA FOR SANDWELL (BUDS)** I report on the accounts for the year ended 30 June 2024 set out on pages eleven to fourteen. ## **Respective responsibilities of trustees and examiner** The charity's trustees (who are the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. The charity's gross income exceeds £250,000 and I am qualified to undertake the examination by being a qualified member of CIMA. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - examine the accounts under section 145 of the 2011 Act - to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act) and - to state whether particular matters have come to my attention ## **Basis of independent examiner's report** My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below. ## **Independent Examiner's statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with section 386 and 387 of the Companies Act 2006 and - to prepare the accounts which accord with the accounting records, comply with the accounting requirements of section 394 and 395 of the Companies Act 2006 and with the methods and principals of the statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or 7 - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Gtasee Sally J Wainwright ACMA ET Voila Accountancy Services Limited, Isis Business Centre, Smith Road, Wednesbury, WS10 0PB 4th July 2024 8 ## **BETTER UNDERSTANDING OF DEMENTIA FOR SANDWELL (BUDS)** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024** |

Notes

**INCOMING**
**RESOURCES**
Incoming Resources from Generated
Funds
Voluntary Income

Activities for generating funds

Investment Income

**Incoming Resources from charitable**
**activities**
Income Directly Allocated to
Activities

**Total incoming resources**

**RESOURCES EXPENDED**
**Charitable**
**Activities**
Costs Directly Allocated to Activities

**NET INCOMING RESOURCES**

**RECONCILIATION OF FUNDS**
Total funds brought forward

**TOTAL FUNDS CARRIED**
**FORWARD**
|**2024**

**£**

Unrestricted Funds
103,189

3,019

4,252
85,338

195,798

256,627

( 60,829 )

242,829

182,000
|**2023**
**£**
Unrestricted Funds
213,834
1,368
65,659| |---|---|---| |||280,861
207,689| |||73,172
169,657| |||242,829| 9 ## **BETTER UNDERSTANDING OF DEMENTIA FOR SANDWELL (BUDS)** |**BALANCE SHEET**
**AT 30 JUNE 2024**
**2024**
**£**
**FIXED ASSETS**
Tangible Assets
15,647

**CURRENT ASSETS**
Debtors
684

Cash at bank and in hand
158,061

158,745

**CREDITORS**
Amounts falling due within one year
( 4,735 )

**NET CURRENT ASSETS**
**154,010**

**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**169,657**

-
**FUNDS**
Unrestricted funds
**169,657**

**TOTAL FUNDS**
**169,657**
|**2023**
**£**
20,863
1,024
209,356| |---|---| ||210,380
( 757 )| ||**209,623**| ||| ||**230,486**| ||| ||**230,486**| ||| ||**230,486**| The charitable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 30 June 2024. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for:- > (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) 10 preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements were approved by the Board of Trustees on 18th July 2024 and were signed on its behalf by:- **Kay Shilton- Chairperson 30[th] September 2024** 11 ## **BETTER UNDERSTANDING OF DEMENTIA FOR SANDWELL (BUDS)** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024** ## **1 ACCOUNTING POLICIES** ## **Accounting Convention** The financial Statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities ## **Incoming resources** All incoming resources are included on the statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Resources Expended** Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to that category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible Fixed Assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 25% Reducing Balance ## **Taxation** The charity is exempt from corporation tax on it's charitable activities ## **Fund Accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees Restricted funds can only be used for particular restricted purposes within the object of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 12 Further explanation of the nature and purpose of each fund is included in the notes to the financial statements ## **2 ACTIVITIES FOR GENERATING FUNDS** |Fundraising Income
Other Income
**3 NET INCOMING / (OUTGOING) RESOURCES**
Net resources are stated after charging/(crediting):
Depreciation - owned assets|**2024**

**£**

3,019

3,019

**2024**

**£**

9,272

9,272
|**2023**
**£**
1,368| |---|---|---| |||1,368| |||**2023**
**£**
12,363| |||12,363| ## **4 TRUSTEES REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023 **Trustee's expenses** Nil for year end 30 June 2023 or June 2024 |**2024**

**£**

**5 STAFF**
**COSTS**
Wages and salaries
174,185

The average monthly number of employees during the year was as follows:
**2024**

No employees received emoluments in excess of
£40,000
10

|**2023**
**£**| |---|---| ||134,786| ||**2023**
8
Plant and| 13 machinery etc. **£** ||**£**| |---|---| |**6 TANGIBLE FIXED**
**ASSETS**
**COST**
At 1 July 2023

Additions


**DEPRECIATION**
At 1 July 2023

Charge for
year

As at 30 June 2024

**NET BOOK VALUE**
At 30 June
2023

At 30 June
2024

**7 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2024**

**£**

Fees owing
684

Paye credit

Deposit on office (Hope
House)

684

**8 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2024**

**£**

PAYE
3,071
Pensions
1,203
Accruals
461
Other Creditors

4,735

**9 MOVEMENT IN FUNDS**|107,940| ||107,940
87,077
5,216| ||92,293| ||20,863| ||| ||15,647| ||**2023**
**£**
244
280
500| ||1,024| ||**2023**
**£**
757| ||757| ||| 14 |**Unrestricted Funds**
General Funds
**TOTAL FUNDS**|**Net Movement**
**At 1.7.23**
**in funds**

**£**
**£**

230,486 ( 60,829 )

230,486
- 60,829
|**At 30.6.24**
**£**
169,657| |---|---|---| |||169,657| ## **BETTER UNDERSTANDING OF DEMENTIA FOR SANDWELL (BUDS) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2024** |**INCOMING RESOURCES**


**Voluntary Income**
Sandwell MBC

Lottery Income
Trust/ Company Donations

Minibus donations

Voluntary Income

Legacy


**Activities for generating funds**
Fundraising Income

Other Income


**Investment Income**
Interest Received

**Incoming Resources from Charitable Activities**
Buds Clubs

**Total Incoming Resources**
|**2024**

**£**

15,000


70,353

10,945
6,166

725

**103,189**

3,019

**3,019**

4,252
**85,338**

**195,798**
|**2023**
**£**
7,436
29,459
76,954
3,936
96,049| |---|---|---| |||**213,834**
1,368| |||**1,368**
**65,659**| |||**280,861**| 15 ## **RESOURCES EXPENDED** |**Charitable Activities**
Wages and Salaries
Administration
Befriending Costs
Sundries
Rent and Room Hire
Club Meals
Club Transport
**Support Costs**
**Management**
Wages
**Other**
Premises Costs
Marketing
Staffing & Volunteer Costs
Legal & Professional Fees
Fund Raising Costs
**Total resources expended**|**2024**
**£**
116,446
19,652
330
5,377
1,135
16,038
11,865
**170,843**
**57,739**
19,983
185
650
4,490
2,737
**28,045**
**256,627**|**2023**
**£**
80,312
8,311
13,511
6,000
10,846
11,824| |---|---|---| |||**130,804**
**54,474**
14,820
160
1,138
5,047
1,246| |||**22,411**| |||**207,689**| 16