5..alI¥¥ em•ry <afth The Sid Valley Memory Cafe FINANCIAL STATEMENTS for the year ended 31 March 2025 Twyford House Coburg Road Sidmouth Devon EXIO 8NF Registered charity No 1154261
THE SID VALLEY MEMORY CAFE REGISTERED CHARITY NUMBER: 1154261 FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS: Page 1-6 Trustees Report Page 7 Independent Examiners Report Page 8 Statement of Financial Activitles Page 9 Balance Sheet Page 10 - 14 Note5 to the Financial Statements Page 15 - 16 Accounting Policies
THE SID VALLEY MEMORY CAFE REGISTERED CHARITY NUMBER: 1154261 TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Charitable Objectives To relieve the needs, and to promote and protect the good health of persons suffering from dementia and memory 105S, their carers and family, in particular but not exclusively, by the provision and development of a drop-in centre known as a Memory Café where they can meet informally to take part in stimulating and enjoyable activities which make living with such conditions easier. Admlnistrative Details The principal address of the charity is: Twyford House Coburg Road Sidmouth Devon EXIO 8NF Charity Registration Number.. 1154261 Charity Registration: 18 October 2013 Independent Examiner: N Smy ACA Westcotts {SWI LLP Chartered Accountants Queens House Honiton Devon EX14 IBJ Bankers: Lloyds Bank Blackheath London BXI ILT Page I
THE SID VALLEY MEMORY CAFÉ REGISTERED CHARITY NUMBER.. 1154261 TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Trustees who served durin the ear.. David Hodge CBE Jean Bridgeman Nicola Channon Angela Thompson Anita Denny John Hollick Jenny Waller Kathie Linley Sam Smith Richard Thurlow (Resigned 17 June 2024) {Chairperson appointed 21 February 20251 IAppointed 5 July 2024) (Resigned 3 May 20241 (Resigned 20 April 2025) IResi8ned 3 September 20241 (Resi8ned 9 September 2024) (Appointed 30 September 20241 Mana ement Non-Trustees Simon Freeman Lois Swarbrook Lynette Lloyd {Secretary resigned 21 February 20251 (Secretary appointed 21 February 2025) (Treasurer) Structure and governance Governin Document The Sid Valley Memory Café is registered as a charity with the charity commission and is a Charitable Incorporated Organisation and governed by its constitution document. Trustee A ointment Trustees are appointed after election by the Trustees. The Chairman of the Trustees is elected each year by the Board of the Trustees. Background Information What's a Memor Café? Memory Cafés have been set up across the UK. The Sid Valley Memory Café was started in 2010 by members of The Rotary Club of Sidmouth and The Rotary Club of Sid Vale for people in the local area and was registered with the Charity Commission on 18 October 2013. We provide an informal, social venue where you can go for advice and support if you or someone you know is suffering the challenges of memory loss or is newly diagnosed with some sort of dementia. Studies have shown that by sharing information and knowledge carers are better able to understand and support the person who is experiencing memory problems. Page 2
THE SID VALLEY MEMORY CAFÉ REGISTERED CHARITY NUMBER: 1154261 TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Memory Café aims to provide a social space for people in this situation. It is run by a team of volunteers, many of whom have been part of the team since the café was launched. As it is a Sid Valley community project the café is 5UPPOrted by many associations in the town and area. Our local Admiral Nurse calls into the meetings on a regular basis and is available for confidential professional advice. Between us our team have a wealth of experience and knowledge about memory problems and dementia and the support available. Most importantly, we all share the desire to offer a place where people can come and discuss their concern5 With other5 in a similar situation, and where people living with dementia can join in a range of beneficial and enjoyable activities. Who is it for? The Sid Valley Memory Café is for: l. Anyone who 15 experiencing memory problems, or who is newly diagnosed with dementia. 2. Their carers, relatives and friends who support them. When and where we meet During this current year we met every Wednesday from 1.45pm 3.'45pm at Twyford House where we are supported a number of trustees and volunteers who make a real difference for the members attending. Our address is: Twyford House Coburg Road Sidmouth Devon EXIO 8NF We also run a Befriending Support Group who meet on Tuesday mornings, providing a relaxing session over coffee at Fort café on the esplanade. This also allows their carers time for themselves to undertake personal activities. In association with Rotary Club of Sidmouth another Befriending session is held on Friday mornings at Anchor Inn, Fore St Sidmouth. The session plays a different but much-loved space where many men and some ladies enjoy the dedicated support from local Rotary Club members. Whilst this session is held, a separate session is also provided for the Carers of those members and this encourages more members to venture out on a Friday morning. Page 3
THE SID VALLEY MEMORY CAFE REGISTERED CHARITY NUMBER: 1154261 TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Who runs the Memor Café? The Sid Valley Memory Café is run by a committed team of volunteers and trustees, many of whom have specific experience and knowledge of caring for people with dementia. We are kindly supported by many local organisations including the Churches, The Rotary Club of Sidmouth, Sidmouth Golf Club, Sidmouth Hospice at Home. Sid Valley Help and Sidmouth Town Council. We have benefitted frorn individuals, legacies providing a solid financial basis for our future for the service. Admiral Nurse The Admiral Nurse continues to be a major support within the Sid Valley, although fully funded by Dementia UK from l April 2023. The SVMC Trustees will continually review and agree a dedicated amount each year to contribute towards the Admiral Nurse as a goodwill gesture as support for this role is a major part of the Charity's objectives. Activities Undertaken In line with the charitable objectives above, the Charity endeavoured to support its members through a number of activities described on page 3. The Charity reflected on how best it could continue to 5UPPOrt the community and raise more of an awareness of dementia in the Sid Valley. At the beginning of March 2024, the Charity started a new initiative "Dementia Friendly Sidmouth" {DFS). The objective of DFS was for businesses in the Sid Valley to have a greater awareness of Dementia and through on-line training, understand how they can give their customers, the best service. The Charity appointed a contracted projed manager on a part time basis with Sidmouth Hospice at Home, Sid Valley Help, and Sidmouth Town Council as a Steering Group. This initiative was launched in June 2024. However, due to the resignation of the Chairman David Hodge and then the subsequent resignation of the project manager later in the year, this initiative had to be put on hold, whi15t the Trustee5 consider the best way forward. Reserves Polic The Trustees continue to believe that the Charity needs to have 2 years Memory Cafe running expenses {E21,000 pa) available at all times and well secured. This has been achieved. Because of the legacies received in 2024, it wa5 agreed that £400K would be invested with Charles Stanley as Discretionary Fund managers. Charles Stanley was selected as managers after a comprehensive bidding and evaluation process by the Trustees of the Charity. This was actioned 31 May 2024. The Trustees have regular updates on how the portfolio is performing from Charles Stanley. As these legacies were received during the year, short and fixed term5 savings accounts with Lloyd's Bank were set up. Page 4
THE SID VALLEY MEMORY CAFÉ REGISTERED CHARITY NUMBER: 1154261 TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Public Benefit The trustees have paid due regard to the relevant Charity Commission guidance and consider that the activities outlined in this report meet the public benefit requirements for charities. Achievements and Perforniance The support of our Helpers and Trustees during a turbulent time, has ensured the SVMC continues to prosper. The continued face to face meetings on Tuesday morning5, Wednesday afternoon Memory Cafe and Friday mornings with the support of the Rotary Club of Sidmouth are very popular and our seen as a lifeline to many carers. An8ela Thompson who leads the SVMC, Jean Bridgeman with her Befriending role have maintained and grown the service to our community With the help of all the volunteers. Fund raising events with a street collection, attending the SEAFEST festival to raise the charity's profile, supporting Salcombe Regis Country Fayre in May, selling our own Christmas Cards in various Sidmouth retailers have all helped maintain an awareness of the Charity within the town. We were fortunate this year that Sidmouth Golf Club for the second time sponsored us as their local charity. The Trustees are extremely grateful for all donations, volunteers and general support from everyone involved during the year and hope that it will continue to thrive going into 2025. The Chairperson and Trustees are in discussion with Sidmouth Hospice at Home to support with the way forward for SVMC and are planning a new strategy for 2026 which, it is hoped will initially involve our charity offering more clinical support to the Sid Vallev. Financial Review A major factor in the contributions received in the year was as a direct result of legacies from a number of long standing trustees/friends of the Memory Café who regrettably passed away during the financial year. The total income for the twelve months ended 31 March 2025 amounted to £176,572, compared to £369,492 for the year ended 31 March 2024. The net reserves as at 31 March 2025 were therefore £515,854 in unrestricted funds12024: £429,534) and £373,700 in restricted funds {2024: £377,637) relating to the Admiral Nurse campaign. The charity would not exist without the volunteering and financial support which it receives for which we are all grateful. Page S
THE SID VALLEY MEMORY CAFÉ REGISTERED CHARITY NUMBER: 1154261 TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Trustees, Responsibilities in Relation to the Financial Statements The trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustees to prepare financial statement for each financial year which give a true and fair view of the State of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to., Sele£t suitable accounting policies and then apply them consistently- Observe the methods and principals of the Charities, SORP; Make judgements and estimates that are reasonable and prudent,. State whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the financial statements,. and,. Prepare the financial statement on the going concern basis unle55 it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the Trustees: 1?£2 Nicola Channon Chair of the Trustees Angela Thompson Trustee Date: s) Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE 51D VALLEY MEMORY CAFE I report to the trustees on my exam Inalion uf the li n311Lldl slaleine n15 of Sid Valley Memory Cafe I'ihe charity,) lor the e3,. ended 31 March 2025. Responsibilities and bas15 of report As the trustees of the charity, YOLJ are responsible for the pre paration ol the fiiiancial statements ii) accordance witli the requirements of ihe Charities Act 20111'the Acl'l. I report In',espect ol my examination of the charity's financicil 5tBlemen'.s cai.ried oul uiider 5ectiuii 145 01 Ilie 2011 ALI and in carryin8 out my examinotiorn I have followed 811 the applicable Directions 8iven by the Charity Con)mis5ioiI under sectioi) 1451511 bl of tlie Act. Independent examiner's statement I have completed my examination. I confirm thal no m(Iterial matters have come to niy attention in connection WILh Ilitrexamiriation givinE me cause to believe that In any rnaterial rpspect". Accoliiiling records were not kepl In respect of the chèrity as required by section 130 of the Act,. or The fin3 ncial siatenie nt5 do not aCCOfd with those fecords,. or ThL financial 51aten)ents du not comply with the applicable requirenienis coiicerning the form 3nd ionleni of accoLint5 sel out iii ilie Charities IAccotlnTS and P,eportSJ Regul21ions 2008 011)er Ih3n any reoiJiren)ciii that tFiP Jccounts give a 'irue and lair, view wliicli 15 not a m6Lt¥r Lonsidered as pait ol an li1 r)eiirJeii( ex3rriinatioii. I haiiLi no conterns and have coime across no oiher Inaltr$ in connection with the emainination to ivhich allet)lion s1)OLtld be drawn iii this report In order to enable a proper understanding of the accounts to be ieèrhed. Smy ACA Westcotts1SIV) LLP Cha rlered Accountants Queeiis House Honiton Devon EX14 IBJ Date.. k)Ii li Page 7
THE SID VALLEY MEMORY CAFÉ REGISTERED CHARITY NUMBER.. 1154261 YEAR ENDED 31 MARCH 2025 STATEMENT OF FINANCIAL A1VITIEs Year Ended 31 March 2025 Unre trict d Funds Year Ended 31 March 2024 Unrestricte Restrlcted fl Funds Funds Funds Total Funds Total Funds Income and Endowrnents from Oonation5 and legacies Fund raising Charitable Activities Investment Income Totol Income Note 3 163,889 693 164,582 226,712 131 12.4S4 127,056 271 353.768 402 12,454 2,868 369,492 480 11,510 175,879 480 Jl,510 176,572 2.868 130.195 693 239,297 endlture Raising Funds Charitèble activities Other costs Totol Expenditvre Note 4 144.4811 15,3931 149,8741 144.3151 188.7961 15,3931 194,1891 116,2711 19841 117,2551 114,4741 130.7451 19841 131,7291 Note 6.1 144,3151 114,4741 Net Income 126.005 {43,6221 82,383 222.042 115.721 337.763 Transfers between Funds Net Income after Transfers 44,315 170,320 144,3151 187,9371 82,383 222,042 115,721 337,763 Reconcil*atlon of Funds Total funds brought lonvard Note 5 429,534 377,637 807,171 207,492 261,916 469,408 Total ftsnds Carried forward 599,854 289,700 889,554 429,534 377.637 807.171 All the charitie5 activilies relate to continuing opeiation5 dtjring the above two periods Page 8
THE SID VALLEY MEMORY CAFÉ REGISTERED CHARITY NUMBER: 1154261 BALANCE SHEET AS AT 31 MARCH 2025 As at 31.03.2025 As at 31.03.2024 Fixed Assets Tangible Assets Investments Note 7 Note 8 2,849 393,895 396,744 632 632 Currert Assets Debtor5 Cash at Bank-current Account Admiral Nurse Bank count Dep051t Accounts Charles Stanley Income Account Cash in Hand Note 9 1,575 160.121 219 324,051 6,923 954 172,107 345,256 289,530 630 Total current asseis 493,842 807,523 Liabllities Creditors.. Amounts falling due with4n one year Note 10 11,032 19841 Net current assets 492,810 806,539 Total asset5 less current liabilities 889.554 807.171 Total Net Assets 889,554 807,171 The Funds ol The Charily Restricted Income Funds (Admiral Nurse Campaignl Unrestricted Reserve Designated Reserve Note S 289,7CQ 590.582 9,272 377,637 403,462 26,072 889,554 807,171 Approved by the Boarcl of Trustees and signed on their behalf Nichola Chartnon Chair of the Trustees Angela Thompson Trustee Date.. Page 9
SID VALLEY MÉMORY CAFÉ REGISTERED CHARITY NUMBER.. 115461 YEAR ENDED 31 MARCH 202 THEA co NT Note 3.Anatysisof lfieome r Efided 31 March 2025 rEn Uniestrltt Marth 2024 d Funds Funds T t l Fyfids Funds Tot IF OoThativns •rKI legacies Voluntary Incorne and Donations tTom Individuals Giants and Oonatitrrys from Or8anisations ènd £h3riiies Gift Aid recl•im on Per50nal Trona¢i05 158,392 5,497 693 159,085 5,497 223.021 3,651 117,839 9.21? 340.860 12,908 163,889 693 164.582 226,712 127,056 353.768 Intome from Charitoble Artfvitles Befrienoing christrn party Fund Raisin8 480 12.454 12,454 12.454 12.454 480 In¥¢stnwJnt Income from listed ihvesiments Bank Intere51 5,254 6,256 ii.sio 5,254 6.256 11,510 2,868 2,868 2.868 2,868 Fund raisln8 AdmiT 114urse Fundro15in Street Coll@ttions and Tin5 Downton Abbey Rock concert Mary Knigtalk Qu%z Night Classit Cèi rafne Chr15trna5 card5 Coffeè and c3ke Chri5trnas Coffee morning 271 271 271 271 Sid Valle Memoi Cafe Fundrai51n 5tseet CollÈrtions and Tifts uction E35y fundraisin8 Iweb51te ca5hbackl Outings Members contributions 131 131 131 131 TOTAL INCOME 175,879 693 176.S72 239.297 130,195 369.492 Restricted Fund5 Rele to the Admi131 Nurse camp3i8n and can therefore only be used for this puipose. Pa8e 10
SID VALIEY MEMORY CAFÉ REGISTEIIEO CHARITY N MBER.. 11 YEAR ÉNDED 31 MARCH ZOZ5 NOTES TO THE ACCOUNTS copmNUEO 461 Nole 4-AnaWsof Expendiiure YeJrEndtd 11 Marth 2025 Unr•strTcled R•strlcted Imar nr5trirted R•stri¢t4d Fun ZOZ4 Totsl Funds Toial Funds Fvndr•isifi8Cosl5 fo¥ Admiial NlSe IRe51ricled Fund51 Evert15 exponsesand d¢ductions PromotK)n and Advert<sing T•i•l Expen&wrt ofi R•isint Funds ÉxperKk1reo Charftable AUitJlWes 5idmovth Mtmofycofé Runnin4 Costs.. REnl oirte Supplie5 Cateiin8 2.108 551 293 365 2,083 iio 1.373 824 150 660 226 5,570 l6,800 2.108 551 293 365 2.083 iio 1.373 824 150 660 226 5,5YO 16.8(K7 2,374 598 341 479 2,957 2.374 598 341 479 2,957 l)Jt¥Olll8s (excludin8 tra$port) Fyst AidTrainm8 Befriendin8 Tiiftsport PiornoliDn and Advert151n8 Web Sste Devdopmenl Christmas Lun<hllubilee P•rty Respbtecare FtsndL•i Project Manaser Costs Christmas Cards DepreCYat Iscellèneous 1.061 564 184 8S2 269 300 3.783 1,610 158 1.061 564 184 852 269 3.783 1.610 158 741 16.271 752 1.531 33.396 752 1.531 33.396 741 16,271 Dementla UK uplioot Adynwal Nuisecosts d¥ertssi 11,08S 44,315 55.400 14.474 14.474 11.085 44.315 55,4(M) 14.474 14.474 Tot•1 expEnditu¥eon<haritable irtlvlttes 44.481 44.315 86.796 16,271 14.474 30,745 Go¥ernanc¢Cos1s IAdepenJeni Examiner5 Fees laccruall IrsvesiweDI fee5 Totsi ewdttUfeOTh io¥ernan¢ costs 1.032 4.361 5.393 1.032 4.361 5.393 984 984 984 TOTAL EXPENOITtJRE 49.874 44,315 94,189 IY,255 14.474 31.729 Page 11
SIO VALLEY MÈMORY CAFÉ REG15TeRED CHARITY NUMBÉR-. 11546 YEAR ENDED I MARCH 20Z5 NOTES TO ThE ACCO NT5 coNiINutD Note5- t Fwid - CurreDt Pe ' Fyn •rried Fund Name Unrtstritied Resérvts l¢entral reserves) Tht5e fvndsare unresiricted and used lof general purposes of the chaiity as the trustee5 set fit. 403,462 175.879 133.0741 44.315 590.582 Unrestiirted 8eseThes Ideswèied festr¥esl These lunds are vnrestricied bvl have been Set aside by the Trustets forth? prornorioD¢l L>ernentia Frtendly Sidmouth 26,072 116.8001 9,272 429.534 l75.879 149.8741 44,315 599.854 fte5tricted fttsefves These fundsrelaitiothe caffipan for an Admlr rurst fof the Sid Valley ar¢•. These re5eNes are lesttte only lai Ihest purposes 377.637 693 144.3151 144.3151 289,700 Tot Funds 807.171 176.572 194.1891 889.554 Funds. Prlor Period Funds Funds oy Fund 14ame ndltufe T¥$fel vord Umestrirted Reserve518eneral reser¥esl These funds are unrestfiaed and used lor ieTheral purposes of the 206,492 239,297 113,4721 128.8551 403,462 ijnrestrirted Reserves Idesitnated reserves) Thtte funds Ire un¥e51ficted bur have be¢fi Set aside bythe Trusiee5 lor Ihepromotion oFOeryTrentitt Friendly &dmouih 13.7831 28,855 26.072 107,492 239.297 117.2551 429.534 Restritted Reser¥es These funds ielate ic> the campaign an Admirèl nurse for the Sio valley areè. These oservts are restlicted onl¥ for these purposes 261,916 130.195 114,4741 377.637 Total Funds 469.408 369,492 131.7291 807,171 Co Due to the 512e and fiatvre of the fyjvtrnante costs these have been allocated enlirelyto uniesiricted ieservÈ5 forthe Ex*ni Fee5 lor ihe examlnation ol the accounts In theyear were as follows". Indendent Examiner5 Fees 1.032 984 Pa8e IZ
SID VALLEY MEMORY CAF REGISTERED CHARITY NUMBER.. 115461 YEAR ENDED 31 MARCH 2024 NOTES TO THE ACCOUNTS COWTINUED Nol 7-Ta se Com Cost At 31 March 2024 Addi¢ions At 31 March 2025 1,278 2,969 4,247 f)epweciatlon Al 31 March 2024 Char8e ler year At 31 March 2025 16461 11.3981 Net Book Value Ar 31 March 2025 2,849 632 Al 31 Mèrch 2024 Noi¢ 8- Investments Llsted Invesiments Cosi orValuatn Al l April 2024 Fèir value movemèfit$ Addition5 Disp05315 Al 31 March 202S Net Bookvalue At 31 Maich 2025 At 31 N4arch 2024 11,6581 404,682 393.895 393,89S t 9- DtblOVS 31.03.2025 31.03.2024 Le8acie5 Other Oebtor5 1,500 75 1,575 172.107 172.107 itots.. Amo nts Due wlthln O 31.03.2025 31.0>1014 Independent £xaminers Fee5 Other Credirors 1.032 984 1,032 Page 13
SID VALLEY MEMORY CAFÉ REGISTERED CHARITY PIUMBER.. 115461 YEAR ENDEO 31 MARCH 2024 NOTES TO THE ACCOUNTS CONTIPIUED Noie 11- Staff C05t5 31.03.2025 31.03.2024 Staff costs duiinR the period were.. Salarie5 12.586 1,8 Average headiount No emplgyee fe(eived emolumeTrrs of rnore ihan £60,000 during the year. Note 12- Don•tlQn5 Donations totallin8 £nil12024.. £nill were received from Trustees in the year. Not 13. Related Pa Tr•nsa¢tions There vjere no related party transactions In the year requir*ng (Jisctosurt. N te14.An sis ol Nei Assets b tw¢ Fund Unte51riaed Restykted funds funds Total fund$ 2025 2025 Fixed A55ets 2.849 2,849 Investmenrs 393.895 393,895 CurrentA55ets 204,142 289.700 493.842 Current Lwbilities 11.0321 11,0321 S99.8S4 289,700 889.554 Unre5trictEd Resiriued fvnds lund5 Yotal fund$ 7OZ4 2024 Fixed Asset5 632 632 Investments Currenr Assets 429,886 377,637 807.523 Current Liabilities 19841 19841 429,534 377,637 807,171 Nott IS- Twstee Ex n5es Expenses of £4,16112024 £1.2061 were reirnbur5ed to 9 Trustees12023 . 81 during the year Note 16- Pled es At the year end the Trustees had commilted to donating £nil12024..£11,5(M)I to Dementia VK. Page J4
THE 51D VALLEY MEMORY CAFE REGISTERED CHARITY NUMBER: 1154261 ACCOUNTING POLICIES FOR THE YEAR ENDED 31 MARCH 2025 Accounting Policies The financial st3tements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Fi nancial Reporting Standard applicable in the UK and Republic of I reland (FR5 1021 leffective l January 201S) {Charities SORP IFRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Charities Act 2011. Sid Valley Memory Cafe meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The financial statements have been prepared under the historic cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The Financial Statements are prepared in Sterling which is the currency of the entity. Going Concern The accounts have been prepared on a going concern basis. There are no material uncertainties about the charity's ability to continue. The charity is a Charity Incorporated Organisation. In the event of the CIO being wound up, the members have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. Cashf low Statement The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a cash flow statement because it IS small. Funds Unrestricted Funds represents the funds of the charity that are not subject to any restrictions regarding their use and are available for application to the general purposes of the charitv. Designated Funds represent the funds Set aside by the Trustees for a particular purpose. These can revert back to general unrestricted fund at the discretion of the Trustees at any time. Restricted Funds relate to the Admiral Nurse campaign and can be expended only on that purpose. Page 15
THE SID VALLEY MEMORY CAFÉ REGISTERED CHARITY NUMBER: 1154261 ACCOUNTING POLICIES FOR THE YEAR ENDED 31 MARCH 2025 Incorne and Endowments Voluntary income and capital sources: Donations are shown when the conditions for receipt and amounts are verifiable. Income Tax recoverable on Gift Aid donations is recognised when the recovery is received from HM Revenue and Customs, Grants and legacies to the charity are accounted for as soon as the charity is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the cha rity is reasonably certain. Income from restricted reserves are expended in accordance to the restrictions. These reserves. Investment income is recognised when received. Expendlture The expenditure on the admiral nurse is accounted for when the expenditure has been passed over to Dementia UK- registered charity number 1039404. Amounts expended for the admiral nurse are paid upfront and in advance of the work of the admiral nurse being carried out. However, as the amounts are non-refundable to Sid Memory Café, no adjustments have been made to prepay the expenditure over an applicable period. Full details of the restricted reserves held by Dementia UK in regards to the donation from Sid Valley Memory Café can be found on their accounts, available from the Charity Commi55ion website. Tangible fixed assets Tangible fixed assets will be capitalised where expenditure is over £100, the life of the asset is expected to be over l year and where the charity retains ownership. Computer Equipment 20% straight line Investments Listed investments are measured at a fair value with changes in fair value being recognised in profit or1055. Charitable Status The Charity is considered to pass the tests set out in Paragraph 15chedule 6 of the Finance Act 2010 and accordingly, the Charity is exempt from Income Tax and Capital Gains Tax, provided its income and gains are applied for charitable purposes. The charity has no trade activities. Page 16