## **THE SILVERLINING CHARITY CIO**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
**YEAR ENDED 31 AUGUST 2023**
**Charity Registration Number 1157749**
**Azets Audit Services 1[st] Floor River House 1 Maidstone Road Sidcup Kent DA14 5RH**
**THE SILVERLINING CHARITY CIO**
**CONTENTS**
||**Page**|
|---|---|
|Reference and Administrative Details|1|
|Trustees Report|2|
|Independent Examiner’s Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|9|
|Notes to the Financial Statements|10|
1
**THE SILVERLINING CHARITY CIO**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
|**Trustees**|Dr Sherrie Baehr|
|---|---|
||Miss Kathryn Howard|
||Mrs Suzanne Trask|
||Mr Peter Messervy|
||Mr Ross McDonald|
||Mr John Scorah|
||Mr K Bradshaw|
|**Key Management Personnel**|The Trustees|
|**Independent Examiner**|Azets Audit Services Limited|
||1stFloor|
||River House|
||1 Maidstone Road|
||Sidcup|
||Kent|
||DA14 5RH|
|**Principal Address**|16 Upper Woburn Place|
||London|
||WC1H 0AF|
|**Bankers**|NatWest|
||96 Terminus Rd|
||Eastbourne|
||BN21 3LX|
1
## **THE SILVERLINING CHARITY CIO**
## **TRUSTEES REPORT**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
The trustees present their annual report and financial statements for the year ended 31 August 2023.
The financial statements 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 Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.
## **Objectives and activities**
The Silverlining Charity activities are centered around our members and their needs/aspirations. We have created the STAR (Structured Therapeutic Activity for Rehabilitation) program. This is a free weekly schedule of online activities, sessions and courses that run term times throughout the year. We also provide direct face to face activities in the community which are low cost accessible to all.
## **Objectives and activities**
The charity's objective is the relief of brain injured people, their families and carers in the UK by:
- Raising awareness of the needs of brain injured people in the UK;
- Organising events and activities for brain injury survivors which contributes to their development, social integration, preventing loneliness and isolation;
- Connecting those who may not have day to day support or weekly social connections with people who understand the struggles and issues faced by people with brain injury;
- Identifying and supporting ways of helping the families and friends impacted by brain injury;
- Providing free social, therapeutic, educational activities and services online and in person, within the community, building friendships, confidence and purpose;
- Continuing our sunshine call service to eliminate loneliness from the covid-19 pandemic, providing a friendly telephone call to ‘check in’ on how Silverliners are feeling.
## **Public Benefit**
In setting and reviewing our objectives and aims, and in planning and carrying out our activities, we have due regard to the public benefit guidance published by the Charity Commission.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and Performance**
Since September 2022 we have worked hard to create term time style calender for the members to enjoy our STAR programme of activities. STAR representing ‘Structured therapeutic, activities of rehabilitation’. These are still FREE to all our members and accessible through the website and other platforms. We have also continued to provide our members with face to face regional group monthly activities.
All of our online and face to face regional groups and sessions has an underlying focus on social inclusion, re integration for those who have been isolated by their brain injury or disability as well as building friendships and connections. All of our beneficiaries have options to join any group from any area and receive support and care from our teams of professionals, teachers or employees.
All of our programmes are run by brain injury professionals, teachers, therapists or co-ordinator volunteers who have a background of working in brain injury. This allows for the charity to always ensure t here members are clinically held, and the groups clinically lead. As a charity we are over seen by a Neuropsychologist who holds clinical responsibility.
We have continued to provide face to face Art therapy in London and Oxford as well as Music therapy group in London. All funded by regional donations or successful grants and bids. This offers group connections and affiliations, friendships, and the therapeutic value of professional therapeutic intervention.
2
**THE SILVERLINING CHARITY CIO**
## **TRUSTEES REPORT (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
We have continued to work collaboratively with the Woodlands Multimedia children’s book which has been written by clients on the creative writing group, designed by the Art group and illustrated by the photography group. This is a multimedia and multi group activity bringing together the members from all regions. This is ongoing in preparation for publishing and book launch in June 2024. The woodland book has been funded by an award gained in January 2022 which is still actively being used to facilitate the launch and publishing.
Every region was supported to hold an in person summer picnic’s or gatherings as well as Christmas activity and meal to start to bring everyone together some members had never met face to face and were still isolating due to medical conditions.
Mile a day in May was a very large fundraiser for all regions to get involved with and walk, wheel or run a mile a day in May for sponsored event to raise much needed funds. We also completed a Dragon boat race, in July 2023 in Kingston for the 5th year running. This was as part of a wider rowing group in joint coordination for the childrens Brain Injury Charity. In February 2023 there was a ‘What Makes your Heart Shine’ art campaign which ran over the month to celebrate on a social media campaign for our members to express what they were grateful for and what they were intrested in through the medium of art.
Aston University the charity partnered with the Charity and West Midlands group members providing members to speak at the universities. This was our third year facilitating a module within the medical degree courses to provide ‘expert patient’ and bedside manner, which also worked to increase the awareness of brain injury to medical students. Pathway to Healthcare working with six formers linked or enrolling towards the medical degree courses is a further module that our members now facilitate within the sixth form college.
Other Charity partnerships in this period of time reviewed were with Love Rowing and Child Brain Injury Trust.
Several successful funding applications have led to this financial year bringing in more than we have in any other year.
We continue to have a 75% ratio work force of employees that are brain injured.
We are incredibly grateful to the beneficiaries listed and others, some of which have supported specific activities or regional projects. The financial backing has enabled the continuation of the charity running as a whole, core costs including employee wages, growth in the charity and business strategy and most importantly enable our client service users to access FREE online and in person rehabilitation, activities, courses and connections
## **Principal Funding Source**
Principal fundraising sources are through a variation of funding applications to charitable funds, foundations, philanthropists, fundraising bids and grants. This is overseen and managed by Jonathan Smallman Davies our Charity Fundraiser.
Following this we have a dedicated following of supporters and the clients, as well as their families, who often get involved at a local level to complete fundraising tasks and challenges.
## We run ‘central’ fundraising activities as well such as:
- Love Rowing participations
- Mile a Day in May 23
- Kingston Dragon Boat Race July 23
- Silverlining Skydive August 2023
- Silverlining Wing Walk Challenge (not run this year due to lack of uptake)
These additional fundraisers tend to have good sign up amongst our professional members as they are extreme adventurous personal challenges and tend to bring with it, after the cost of the activity a good profit.
Additionally, we hold an annual Affiliated Solicitor Scheme review and renew. This is where suitable and assessed Solicitor firms complete an application and assessed process to be on a part of our affiliate scheme and hosted on our website. This is monitored by our legal Board member, and we have a professional panel who review the applications and ensure a strict criterion is being followed.
3
## **THE SILVERLINING CHARITY CIO**
## **TRUSTEES REPORT (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **Financial review**
During the year the charity received income totalling £160,518 (2022 - £145,498) and expenditure totalled £144,204 (2022 - £136,391). This resulted in net income of £16,314 (2022 - £9,107) for the year.
## **Reserve policy**
The Silverlining Charity (“The CIO”) always strives to operate with strong financial management. This ensures we can offer maximal sustainable impact with those funds raised.
One part of this is the generation and maintenance of sufficient reserve funds to secure our continued service provision for such a time as to reasonably fulfil all legal and moral duties to service users, employees, contractors and the Charity Commission should our income unexpectedly decrease. This policy seeks to mitigate those risks associated with our income and expenditure being different from that forecasted.
A formal policy on reserves was agreed at the Spring 2018 meeting of the board of trustees. The CIO will actively seek to generate and maintain financial reserves which ensures that three months of core activities could continue during a period of unforeseen financial difficultly. At least one third of these resources must be maintained in a readily releasable form. The remaining reserves must be available must be available for use with one months’ notice.
Our aim is to hold unrestricted funds equal to £35,000 to £40,000 (2022 : £35,000 to £40,000).
Our unrestricted funds at 31 August 2023 total £55,250 (2022 - £34,820).
At the year end restricted funds total £12,812 (2022 - £16,928).
The trustees review the policy on an annual basis.
## **Risk Management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The principal risks facing the charity are:
- Lack of engagement from our clients
- Lack of engagement from our local fundraisers
- Fundraising bids and applications not being fulfilled or being successful.
- Employee’s leaving as a result of not being able to receiving a competitive wage due to inconsistent fundraising
## **Going Concern**
There are no concerns from all Broad members and those within the financial teams that the Charity would cease as a going concern. We are all feeling extremely positive about the incredible fundraising efforts of our Fundraising Officer, who has continued to deliver on his goals to meet the outgoing costs of the Charity as well as source funding for specific projects and staff costs. As well as looking for additional funding streams to increase our staff team and have this funded directly and update our website.
## **Future Developments**
Our focus in September 2022 will be to continue to grow the online activities as they are building a great deal of traction within our membership groups. It will also be to work in a new region of Cardiff Wales and Swindon, UK. Both of these groups will start as interest groups and have been requested by the interest in these areas as well as volunteers that we have in the regions.
There will be a continuation of the grants and fundraising bids, plus work to look at sourcing funding for a new role of a Communications and media officer and another rehabilitation coordinator. There will be a focus on building momentum for larger centralised events such as the Wing Walk, and Skydive for next year as well as a look towards our next AGM in November and Christmas planning to engage members in socialisation, togetherness and face to face activity.
4
**THE SILVERLINING CHARITY CIO**
## **TRUSTEES REPORT (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **Structure, Governance and Management**
## **Governing Document**
The charity is registered with the Charity Commission as a Charitable Incorporated Organisation (CIO). Structurally Dr Sherie Beahr remains the Founder and chair of Trustees giving the charity continuity and direction and Kathryn Howard, charity secretary also remains heavily involved, with them both managing the day to day running of the charity as well as supervisors to the charity administrator.
The trustees who served during the year and up to the date of signature of the financial statements were:
Dr Sherrie Baehr Miss Kathryn Howard Mrs Suzanne Trask Mr Peter Messervy Mr Ross McDonald Mr Andrew Scorah Mr K Bradshaw
## **Recruitment and Appointment of New Trustees**
Trustee selection methods includes:
- Personal profile and CV to be submitted to the Board of trustees for review
- Interview / meeting with the candidate with the Board of Trustees
- References and DBS to be acquired if candidate is successful following Board review
- Following successful SAFER recruitment procedures completed candidate is voted in by the Board of Trustees
- Update to the Charity commission
## **Organisational Structure**
The charity is governed by the Board of Trustees which is elected to oversee the organisation and running of the charity. The Board of Trustees are responsible for approving all policies, meet on a regular basis and oversee the day-to-day management of the Charity.
## **Statement of Trustees’ Responsibilities**
The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements 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 year. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP 2015 (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable 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 unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees report was approved by the Board of Trustees.
**Miss Kathryn Howard Trustee**
Dated: 15 May 2024
5
## **THE SILVERLINING CHARITY CIO**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 August 2023 which are set out on pages 7 to 16.
## **Respective responsibilities of Trustees and Examiner**
As the Charity’s Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records
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.
## **M A Wilkes (FCA)**
For and on behalf of Azets Audit Services 1[st] Floor River House 1 Maidstone Road Sidcup Kent
Date: 8 July 2024
6
**THE SILVERLINING CHARITY CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
|**Notes**
**Unrestricted**
**funds**
**Restricted**
**funds**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**2**
90,925
38,410
Other Income
**3**
31,183
-
___________
___________
**Total**
122,108
38,410
___________
____________
**Expenditure on:**
Raising funds
50,294
-
Charitable activities:
51,384
42,526
___________
____________
**Total**
**4**
101,678
42,526
___________
____________
**Net movement in funds**
20,430
(4,116)
**Reconciliation of funds**
Total funds brought forward
34,820
16,928
___________
____________
Total funds carried forward
55,250
12,812
|**Total**
**2023**
**£**
129,335
31,183
____________
160,518
____________
50,294
93,910
____________
144,204
____________
16,314
51,748
____________
68,062
,|**Total**
**2022**
**£**
123,563
21,935
____________
145,498
____________
44,821
91,570
____________
136,391
____________
9,107
42,641
____________
51,748
|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
7
**THE SILVERLINING CHARITY CIO**
## **COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
|**Notes**
**Income and endowments from:**
Donations and legacies
**2**
Other Income
**3**
**Total**
**Expenditure on:**
Raising funds
Charitable activities:
**Total**
**4**
**Net movement in funds**
**Net movement in funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**funds**
**£**
43,991
21,935
___________
65,926
___________
44,821
28,526
___________
73,747
___________
(7,821)
42,641
___________
34,820
|Restricted
funds
**£**
79,572
-
___________
79,572
____________
-
62,644
____________
62,644
____________
16,928
-
____________
16,928
|**Total**
**2022**
**£**
123,563
21,935
____________
145,498
____________
44,821
91,170
____________
136,391
____________
9,107
42,641
____________
51,748
|
|---|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
8
## **THE SILVERLINING CHARITY CIO**
## **BALANCE SHEET**
## **AS AT 31 AUGUST 2023**
||**Note**||**2023**||**2022**||
|---|---|---|---|---|---|---|
|||**£**|**£**|**£**||**£**|
|**Fixed Assets**|||||||
|Tangible assets|**8**||1,452|||404|
|**Current Assets**|||||||
|Debtors|**9**|3,745||6,064|||
|Cash at bank and in hand||79,986||60,928|||
|||____________||____________|||
|||83,731||66,992|||
|**Creditors:**amounts falling|||||||
|due within one year|**10**|(17,121)||(15,648)|||
|||____________||____________|||
|**Net Current Assets**|||66,610|||51,344|
||||_____________||_____________||
|**Total assets less current liabilities**|||68,062|||51,748|
||||||||
||||____________||____________||
|**Income funds**|||||||
|Restricted funds|**11**||12,812|||16,928|
|Unrestricted funds:|||55,250|||34,820|
||||____________||____________||
||**12**||68,062|||51,748|
||||____________||____________||
The financial statements were approved by the Trustees on 15 May 2024
## **Miss Kathryn Howard Trustee**
9
**THE SILVERLINING CHARITY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **1. ACCOUNTING POLICIES**
## **a. Charity information**
The Silverlining Charity CIO is a charity governed by its governing document, a constitution and is a Charitable incorporation Organisation.
The principal office is – 16 Upper Woburn Place, Kings Cross, London WC1H 0AF.
The nature of the charity’s operations and principal activities are set out on page 3.
## **Basis of preparation**
The charity constitutes a public benefit entity 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 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 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 fair value. The financial statements are prepared in sterling which is the functional currency of the charity.
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 otherwise stated.
## **b. Income**
All income is included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.
Voluntary income including donations and gifts are included in full in the SOFA when receivable.
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Investment income is included when receivable.
## **c. Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
10
**THE SILVERLINING CHARITY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **1. ACCOUNTING POLICIES (continued)**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to a particular heading, they have been allocated to activities on a basis consistent with the use of resources.
Support costs are those costs incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Governance costs are those incurred directly in support of expenditure on the objects of the charity.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
## **d. Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and use of the restricted funds are set out in the notes to the financial statements.
## **e. Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost of valuation, net of depreciation and any impairment losses. All assets costing over £500 are capitalised.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:
Computers 25% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the statement of financial activities.
## **f. Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **g. Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **h. Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months of less.
## **i. Going Concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operation existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **j. Judgements and key sources of estimation uncertainty**
Accounting estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
11
**THE SILVERLINING CHARITY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **1. ACCOUNTING POLICIES (continued)**
The following judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements:
## _Useful economic lives of tangible assets_
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 8 for the carrying amount of the computer equipment and note 1e for the useful economic lives for each class of assets.
There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
## **k. Taxation**
The charity is exempt from tax on its charitable activities.
## **l. Retirement benefit schemes**
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
|**2.**
**Donations and legacies**
Donations
**3.**
**Other income**
Fundraising events
Affiliated Solicitors’ Scheme
Other income
**4.**
**Charitable activities**
Raising funds
Charitable activity|**Salary**
**Costs**
**£**
31,665
49,302
__________
80,967
__________|**Direct**
**costs**
**£**
3,282
20,712
__________
23,994
__________|**2023**
**£**
**2022**
**£**
129,335
123,565
____________
____________
**2023**
**£**
**2022**
**£**
18,125
6,580
12,603
15,355
455
-
____________
____________
31,183
21,935
____________
____________
**Support**
**costs**
**£**
**Total**
**2023**
**£**
**Total**
**2022**
**£**
15,347
50,294
44,821
23,896
93,910
91,570
__________
__________
__________
39,243
144,204
136,391
__________
__________
__________|
|---|---|---|---|
12
## **THE SILVERLINING CHARITY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
|**5.**
**Support costs**
**Direct and support costs**
Depreciation and impairment
Rent
Insurance
Telephone
Postage and stationery
Advertising
Travel expenses
Sundries
Accountancy and bookkeeping
IT costs
Website costs
Legal and professional fees
**Governance costs**
Independent examination
Legal fees|**2023**
**£**
440
4,725
2,750
5,167
884
4,698
3,923
2,801
2,353
2,818
1,447
4,027
3,210
-
____________
39,243
|**2022**
**£**
222
5,218
2,199
4,752
732
1,729
1,858
3,524
2,273
2,771
3,200
4,819
3,600
1,548
____________
38,445
|
|---|---|---|
## **6. Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
During the year £1,011 (2022: £nil) was reimbursed to two trustees for travel and re-imbursement of other charity related expenses.
|**7.**
**Employees**
**Number of employees**
The average monthly number of employees during the year was:
Administrative
Fundraising
**Employment costs**
Wages and salaries
Employers national insurance
Other pension costs|**2023**
**£**
2
1
____________
3
____________
**2023**
**£**
76,957
2,263
1,747
____________
80,967
|**2022**
**£**
2
1
____________
3
____________
**2022**
**£**
72,406
1,199
1,625
____________
75,230
|
|---|---|---|
There were no employees whose annual remuneration was £60,000 or more.
The key management personnel comprise of those listed on page 1. The Trustees do not receive remuneration therefore there is no remuneration paid to key management personnel.
13
## **THE SILVERLINING CHARITY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
|**8.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 September 2022
Additions
At 31 August 2023
**DEPRECIATION**
At 1 September 2022
Depreciation charged in the year
At 31 August 2023
**NET BOOK VALUE**
**At 31 August 2023**
At 31 August 2022
**9.**
**DEBTORS**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income
**10.**
**CREDITORS**
Trade creditors
Other taxes and social security
Accruals and deferred Income
**10.**
**DEFERRED INCOME**
Deferred income is included within:
Creditors due within one year
Deferred income brought forward
Released from previous years
Resources deferred in the year
Deferred income carried forward|**Computers**
**£**
888
1,488
____________
2,376
____________
484
440
____________
924
____________
1,452
____________
404
____________
**2023**
**£**
**2022**
**£**
3,065
5,500
680
564
____________
____________
3,745
6,064
____________
____________
**2023**
**£**
**2022**
**£**
2,684
1,553
2,060
-
12,377
14,095
____________
____________
17,121
15,648
____________
____________
**2023**
**£**
**2022**
**£**
9,167
8,020
____________
____________
8,020
9,625
(8,020)
(9,625)
9,167
8,020
____________
____________
9,167
8,020
|
|---|---|
Included in deferred income is fees received in advance for the solicitors Affiliated solicitors’ scheme for services to be provided in 2023/24.
14
**THE SILVERLINING CHARITY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
|**11.**
**RESTRICTED FUNDS**
**Current year - 2023**
Donations - salary costs
Postcode Society Trust
The National Lottery – Woodland Book Fund
Surrey Community Foundation Music
Therapy
City Bridge Trust
Sheldon Trust
Therapeutic activities
Barbican event
Symondson Foundation
**Prior Year - 2022**
Donations – salary costs
The Archer Trust – website costs
City Bridge Trust
Postcode Society Trust
The National Lottery – Woodland Brook Trust
Vintners Company|**Balance at**
**01.09.2022**
**£**
-
7,806
9,122
-
-
-
-
-
-
____________
16,928
____________
**Balance at**
**01.09.2021**
**£**
-
-
-
-
-
-
____________
-|**Income**
**Expenditure**
**Balance at**
**31.08.2023**
**£**
**£**
**£**
20,000
(20,000)
-
-
(7,806)
-
-
-
9,122
5,000
(1,310)
3,690
5,000
(5,000)
-
5,000
(5,000)
-
2,410
(2,410)
-
500
(500)
-
500
(500)
-
____________
____________
____________
38,410
(42,526)
12,812
____________
____________
____________
**Income**
**Expenditure Balance at**
**31.08.2022**
**£**
**£**
**£**
37,000
(37,000)
-
3,000
(3,000)
-
5,000
(5,000)
-
25,000
(17,194)
7,806
9,122
-
9,122
450
(450)
-
____________
____________
____________
79,572
(62,644)
16,928|
|---|---|---|
## **Salary costs**
Grants to cover salary costs to deliver projects
## **Postcode Society Trust**
Monies awarded to support the annual running costs of over a dozen neurological therapies, including Art Therapy, Music Therapy, Creative Writing and Seated Exercise.
## **Surrey Community Foundation Music Therapy**
Monies awarded to help with running costs of our Surrey Silverlining hub.
## **City Bridge Trust**
Monies awarded to support one of our key employee roles for three years.
## **Sheldon Trust**
Relates to funds restricted to the West Midlands Region for any activity or cost.
## **Therapeutic activities**
We have continued to build on this move to our Charity online and now have created a 5 day a week programme or 17 online sessions each week. All of which are facilitated by professional and trained individuals who have experience working with brain injury. This is our STAR programme (Structured Therapeutic Activities of Rehabilitation) This growth and our services have seen a rise in our numbers and reach into new regions.
## **Barbican event**
Monies awarded for Silverlining being part of a feedback conference at The Barbican for charities being supported by City Bridge Trust (now City Bridge Foundation).
15
## **THE SILVERLINING CHARITY CIO**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **12** . **ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|**2023**
**Restricted**
**Unrestricted**
**£**
**£**
Fixed assets
-
1,452
Current assets
12,812
70,919
Current liabilities
-
(17,121)
___________
___________
12,812
55,250
___________
___________
**2022**
**Restricted**
**Unrestricted**
**£**
**£**
Fixed assets
-
404
Current assets
16,928
50,064
Current liabilities
-
(15,648)
___________
___________
16,928
34,820
|**Total**
**£**
1,452
83,731
(17,121)
___________
68,062|
|---|---|
||___________
**Total**
**£**
404
66,992
(15,648)
___________
51,748
|
## **13. RELATED PARTY TRANSACTIONS**
Suzanne Trask, a trustee, is a partner a Bolt Burden and Kemp, which provided income of £2,750 (2022 - £2,750) - through the Affiliated Solicitor Scheme and fundraising income of £1,000 (2022 - £nil).
16