## **SILVERLINE MEMORIES CIO**
**REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2020**
**Charity Number 1163582**
**SILVERLINE MEMORIES CIO**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
For the year ended 31 December 2020
|**Contents**|**Page**|
|---|---|
|Trustees annual report|1 to 6|
|Independent examiners report|7|
|Statement of Financial Activities (including|8|
|income and expenditure account)||
|Balance sheet|9|
|Notes to the financial statements|10 to 18|
**SILVERLINE MEMORIES CIO TRUSTEES ANNUAL REPORT** For the year ended 31 December 2020
The trustees are pleased to present their annual trustees’ report together with the financial statements of the charity for the year ended 31 December 2020.
The financial statements comply with the Charities Act 2011, the Memorandum and Articles of Association, and 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 (FRS 102) (effective 1 January 2019)
## **1. Objectives and Activities**
## **Aims of the Charity**
Our charity's purposes as set out in the constitution are to relieve persons who have been diagnosed with dementia and their families and carers in the North East of England by the provision of social and leisure activities and to support to people living with the effects of dementia and the effects of caring for dementia survivors.
## **Objectives, strategies and activities for the year**
Sadly, as with so many others, the pandemic has served to push our members further from vital connection, stimulation & human contact. The impact this has had on their mental health, escalating the symptoms of their dementia with the real possibility of long-lasting effects, has been heart-breaking. At a time when social isolation, loneliness & confusion is heightened, we have worked to ensure that our members have been able to access our support and maintain as much of a connection to each other as possible.
At the start of the pandemic, all of our groups and activities were suspended so we looked to find new ways of engaging and supporting our families with practical and emotional help, alongside continuing to provide social opportunities, by going online. Our Digital by Default approach meant we moved our existing provision of Dementia Café and our Carers Support Group online and introduced additional groups so we now host a Friday quiz, singalongs and art clubs via Zoom as well as our monthly Early Onset Peer Support Group and Life Story working group.
We rebranded our charity and updated our website to make it more stimulating and userfriendly and have launched an online forum as another way for our members to keep in touch with us and one another, and to reach out and encourage new people to join us. This is working well but it is difficult to replicate the feelings of togetherness our members usually experience so we hope to get back to face to face social opportunities as soon as it is safe to do so. We have determined this time to be when we can once again hug people outside of our household.
To help our members’ sense of belonging and to preserve our connection with them we delivered quarterly Morale Boxes which included treats and gifts and carried out sociallydistanced welfare doorstep checks. This helped in lifting their spirits and let them know that we were still there for them despite the challenges of Covid.
1
**SILVERLINE MEMORIES CIO TRUSTEES ANNUAL REPORT** For the year ended 31 December 2020
We complemented this with a weekly telephone befriending service and a shopping and prescription delivery service.
There was also need of support for families as they experienced bereavement or planned/unplanned moves into long term care facilities during this time.
We saw a 66.7% increase in demand for our services due to Covid and increase in social prescribing referrals due to lack of alternative support. In response to this we devised a new strategy – Through the Pandemic & Beyond - to ensure we were meeting the needs of our beneficiaries in the best possible way. We are working with Newcastle University on an evaluation of our service to understand how best to support our families moving forward postlockdown.
## **Public Benefit Statement**
Silverline Memories was founded in December 2013 in order to provide “places to go and things to do” for people living with Dementia. In normal operating times we facilitate an average of twenty social opportunities each month. We firmly believe that life should not stop following a diagnosis of dementia and that despite the media portrayal there is still much joy to be found and a fully and active life to be lived. We recognise that is it not just the person with the diagnosis who is “living with dementia” but everyone who loves and cares for that person, and we therefore welcome everyone who is affected by a diagnosis. We provide specialist support to Carers of people with dementia, as their needs are just as important. Silverline Memories is open to anyone requiring our support regarding of where they live.
## **Contribution by Volunteers**
Volunteers of Silverline Memories contribute on average 80 hours per calendar month to the running of our activities. This has remained unchanged despite the Pandemic, but the activities of volunteers has adapted to meet the needs of the people using our service.
## **2. Achievements and Performance**
We saw a 66.7% increase in demand for our services due to Covid and increase in social prescribing referrals due to lack of alternative support. We are currently supporting 54 families.
We have provided:
156 hours of online group activities Delivered 164 welfare packs including morale boosting items. Made 150 doorstep visits Delivered 16 bags of shopping Made 819 befriending telephone calls Provided bereavement support to six families Introduced three new group sessions including weekly quiz, weekly art group and monthly
2
**SILVERLINE MEMORIES CIO TRUSTEES ANNUAL REPORT** For the year ended 31 December 2020
young onset support group
Worked alongside other organisations to provide collaborative support, including AgeUK, Alzheimer’s Society and Newcastle Carers.
## **Fundraising**
It was not possible to undertake any fundraising activities during 2020. Our income came through grants and individual donations.
## **3. Financial review**
## **Review of the year**
The results for the year and the company's financial position at the end of the year are shown in the attached financial statements.
During the year the Charity had income of £63,334 (2019: £68,201) of which £53,910 was restricted (2019: £57,803) and expenditure of £58,807 (2019: £83,135) of which £50,254 was restricted (2019: £60,329). There was an operating surplus of £4,527 (2019: loss of £14,934) of which a loss of £1,132 was restricted (2019: a loss of £2,526).
At 31 December 2020 the Charity had net assets of £51,380 (2019: £46,853) of which £43,616 was restricted (2019: £44,748).
## **Reserves policy/No reserves reason/Going concern**
The Trustees consider the level of reserves, £7,764 (2019: £2,105), prudent for the Charity at this time taking into account potential liabilities in the event that the charity ceased. Our Reserves Policy is reviewed annually.
## **Risk Management**
The Trustees have conducted a review of the major risks to which the charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and beneficiaries. These procedures are periodically reviewed to ensure that they continue to meet the needs of the charity.
3
**SILVERLINE MEMORIES CIO TRUSTEES ANNUAL REPORT** For the year ended 31 December 2020
## **4. Plans for future periods**
Our plan is to continue with the implementation of our three year strategy – Through the Pandemic and beyond. We are working with Newcastle University to evaluate the effectiveness of the organisation in meeting the needs of people who use our service during the Pandemic, and to develop face to face activities once we feel it is safe to do so. Some activities will remain online; others will be a hybrid system, which will give users of our service the choice of online activities and/or face to face. It is still too soon to have a clear understanding of the landscape post-landscape but future collaboration with other organisation is likely to feature in the development of services in the future.
## **5. Reference and administrative details of the charity, its trustees and advisors**
**Registered charity name** Silverline Memories CIO **Charity number** 1163582 **Registered office** The Dene Centre Castles Farm Road Newcastle upon Tyne NE3 1PH T **rustees and Members of the Board** Andrea Cheek (appointed 14.02.20) Jane McKeough (appointed 14.02.20) Stephanie Edwards - Chair Prof. Sue Carr Beverley Horton Rev, Ruth Hewett (resigned 01.11.20) Dr. Victoria Armstrong (resigned 22.05.20)
## **Independent Examiner**
Doug Maltman FMAAT Connected Voice Business Services Ltd Higham House Higham Place Newcastle upon Tyne. NE1 8AF.
**Bankers** Santander
**Solicitor** Andrew Simpson
4
**SILVERLINE MEMORIES CIO TRUSTEES ANNUAL REPORT** For the year ended 31 December 2020
## **6. Structure, governance and management**
## **Governing Document**
The organisation is a Charitable Company Limited by Guarantee. The Company was established under a Memorandum of Association, which established the objects and powers of the Charitable Company and is governed under its Articles of Association. In the event of a winding up any member (who is a director) undertakes to contribute to the payment of liabilities, such amount as may be required not exceeding the total of £1.
## **Recruitment and Appointment of the Board**
The Directors of the Company are also Trustees for the purposes of charity law and under the company's Articles are also its members. Under the requirements of the Memorandum and Articles of Association, at the Annual General Meeting one-third of the Directors, who are subject to retirement by rotation, shall retire. Retiring Directors can be re-appointed at the Annual General Meeting.
Trustees are selected on the basis of specialist skills and commitment to the objectives and aims of the organisation.
## **Board Induction and Training**
New Board Members are introduced to the work of the organisation and informed of their legal roles and responsibilities at an induction meeting. The induction and training programme for new Board Members includes:
- A briefing by the Chair or Chief Executive
- An explanation of roles and responsibilities as a Board Member
- Copies of the main company documents including the Memorandum and Articles of Association and the Financial Statements
- Copy of the business plan and most recent evaluation report
- Copies of recent board papers including budgets and management accounts
- A copy of the Charity Commission publication "How to be an Effective Trustee"
- A copy of the governance structure.
## **Related parties**
There are no related Trustees or staff members. We have one volunteer related to the CEO
5
**SILVERLINE MEMORIES CIO TRUSTEES ANNUAL REPORT** For the year ended 31 December 2020
## **7. Statement of Trustee 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).
Charity SORP 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 incoming resources and application of resources, including the receipts and payments of the charity for that year. In preparing those financial statements, the trustees are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- 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 accounting records that disclose with reasonable accuracy at any time the financial position of the charity. 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.
Approved by the Trustees on 17.05.2021 and signed on their behalf by:
S Edwards Chair
6
## **SILVERLINE MEMORIES CIO**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES**
For the year ended 31 December 2020
I report on the financial statements of Silverline Memories CIO for the year ended 31 December 2020, which are set out on pages 8 to 18.
## **Respective responsibilities of trustees and examiner**
The charity's trustees 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 of the Charities Act 2011 ("the Charities Act) and that an independent examination is needed.
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 Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with 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 the 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 statement below.
## **Independent examiner's statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true and fair" view which is not a matter considered as part of an independent examination.
I 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.
Doug Maltman FMAAT Connected Voice Charity Services Ltd Higham House Higham Place Newcastle upon Tyne NE1 8AF Date: 17.05.2021
7
## **SILVERLINE MEMORIES CIO**
## **STATEMENT OF FINANCIAL ACTIVITIES**
For the year ended 31 December 2020
|6
7
Other trading activities
8
**Expenditure on:**
9
10
**_Total funds carried forward_**
**Reconciliation of funds**
Total funds brought forward
Notes
**_Total income_**
Donations and legacies
**Income from:**
Charitable activities
Grants and contracts
Raising funds
Operation of the charity
**_Total expenditure_**
**_Net income/(expenditure)_**
Transfers between funds
**_Net movement of funds_**
Charitable activities|Unrestricted
Funds
£
4,711
1,979
2,734
9,424
250
8,303
8,553
871
4,788
5,659
2,105
7,764|Restricted
Funds
£
-
53,910
-
53,910
-
50,254
50,254
3,656
( 4,788 )
( 1,132 )
44,748
43,616|**Total**
**2020**
**£**
**4,711**
**55,889**
**2,734**
**63,334**
**250**
**58,557**
**58,807**
**4,527**
**-**
**4,527**
**46,853**
**51,380**|Total
2019
£|
|---|---|---|---|---|
|||||13,175
52,868
2,158|
|||||68,201|
|||||8,499
74,636|
|||||83,135|
|||||( 14,934 )
-|
|||||( 14,934 )
61,787|
|||||46,853|
The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
The notes on pages 10 to 18 form an integral part of these accounts.
8
Charity Number 1163582
## **SILVERLINE MEMORIES CIO**
## **BALANCE SHEET**
As at 31 December 2020
|**Fixed assets**
Tangible assets
17
**_Total fixed assets_**
**Current assets**
Debtors
18
Cash at bank and in hand
19
**_Total current assets_**
**Creditors:**amounts falling due within
one year
20
**_Net current assets_**
**_Total net assets or liabilities_**
**Funds of the charity**
Unrestricted income funds
Restricted income funds
**_Total funds_**
Notes|**£**
1,600
44,010
**45,610**
**( 2,222 )**|**Total**
**2020**
**£**
7,992
**7,992**
**43,388**
**51,380**
7,764
43,616
**51,380**|**£**
1,957
31,293
**33,250**
**( 1,418 )**|**Total**
**2019**
**£**|
|---|---|---|---|---|
|||||15,021|
|||||**15,021**
**31,832**|
|||||**46,853**|
|||||2,105
44,748|
|||||**46,853**|
The notes on pages 10 to 18 form an integral part of these accounts.
These financial statements were approved by the Board on: 17.05.2021
and are signed on its behalf by: S Edwards
Chair
9
## **SILVERLINE MEMORIES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2020
## 1 **Accounting Policies**
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
## 2 **Basis of accounting**
## 2.1 **Basis of preparation**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts 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 (FRS 102) (effective 1 January 2019) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
Silverline Memories CIO meets the definition of a public benefit entity under FRS 102.
## 2.2 **Preparation of the accounts on a going concern basis**
The charity reported total unrestricted funds at the year end of £7,764 and the reseves are under review.
Due to the COVID-19 pandemic, it has put pressure on all businesses in 2020. It should be noted that the debtors will be received and the creditors will be paid when the payments are falling due. No other significant events affecting the Company since the year end.
## 3 **Income**
## 3.1 **Recognition of income**
Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability
## 3.2 **Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.
## 3.3 **Grants and donations**
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.
## 3.4 **Volunteer help**
The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.
10
## **SILVERLINE MEMORIES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2020
## 3.5 **Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
## 4 **Expenditure and liabilities**
## 4.1 **Liability recognition**
Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## 4.2 **Charitable activities**
Expenditure on charitable activities includes the costs of work and other activities undertaken to further the purposes of the charity and their associated support costs.
## 4.3 **Governance and support costs**
Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
## 4.4 **Irrecoverable VAT**
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## 4.5 **Creditors**
The charity has creditors which are measured at settlement amounts less any trade discounts.
## 4.6 **Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
## 5 **Assets**
## 5.1 **Tangible fixed assets for use by the charity**
Individual fixed assets costing £1,000 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis, the charity does not currently have any tangible fixed assets:
Office equipment Straight line at 15% New office equipment from 2020 Straight line at 33% Fixtures and fittings Straight line at 20% Vehicle Straight line at 20%
11
## **SILVERLINE MEMORIES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2020
## **Analysis of income**
|6
7
8|**Donations and legacies**
**Charitable activities**
Income from grants
Neighbourhood Community
Fund
Hadrian Trust - Tea Dance
Covid-19 Response Fund
**Other trading activities**
Other income
The Ashley Scriven
Community Foundation - Day trips
Edward Gosling - CEO Salary
Catherine Cookson Charitable Trust - Tea
Dance
Community Foundation - Tea Dance
Big Lottery - A4A
Rose Joicey Fund - Respite
Community Foundation - Memory Bus
Community Foundation - Thrive Fund
W G Edwards - Dementia Cafes
Willian Charitable Trust - Hub
Community Foundation - Hub
Community Foundation - Gateshead Café
Trips
R W Mann
Allan Lane Foundation
Community Foundation
Tyneside Rotary Charity Fund
Awards for All
Lottery Fund
Connected Voice - Citylife
Community Foundation - PPE
Ballinger
Zurich Community Trust - Hub
Donations and gifts
Gift Aid|Unrestricted
Funds
£
4,711
-
4,711
-
-
-
-
-
-
-
-
1,484
250
245
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,979
740
1,994
2,734|Restricted
Funds
£
-
-
-
9,768
1,920
500
2,500
400
3,000
1,000
6,000
-
-
-
-
-
-
2,500
5,322
20,000
-
-
-
-
1,000
-
-
-
-
53,910
-
-
-|**Total**
**2020**
**£**
**4,711**
**-**
**4,711**
**9,768**
**1,920**
**500**
**2,500**
**400**
**3,000**
**1,000**
**6,000**
**1,484**
**250**
**245**
**-**
**-**
**-**
**2,500**
**5,322**
**20,000**
**-**
**-**
**-**
**-**
**1,000**
**-**
**-**
**-**
**-**
**55,889**
**740**
**1,994**
**2,734**|Total
2019
£|
|---|---|---|---|---|---|
||||||11,575
1,600|
||||||13,175|
||||||-
-
-
-
-
-
-
-
-
-
-
250
1,000
1,000
-
-
20,000
9,975
1,143
3,000
2,000
-
1,200
5,000
6,300
2,000|
||||||52,868|
||||||796
1,362|
||||||2,158|
Income was £63,334 (2019: £68,201) of which £9,424 was unrestricted or designated (2019: £10,398) and £53,910 was restricted (2019: £57,803)
12
## **SILVERLINE MEMORIES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2020
## **Analysis of expenditure on charitable activities**
|9
10|**_Raising funds_**
**_Charitable activities_**
Direct costs
Support costs
Payroll fees
Bank charges
Grant funding - Age UK
Wages
Pension costs
Dementia cafes
Awards for all - Carers
Monday café
Rent
Events and trips
Staging fundraising events
Crisis
Fawdon CC
Carers support group
Memory bus
Advertising
Stationery
Volunteers
Staff expenses
CEO salary
Ballinger
Operational support
Tea dance
Telephone
Insurance
IT
Other expenses
Depreciation
Office
Equipment and resources|Unrestricted
Funds
£
250
250
666
46
1,599
-
-
-
-
-
45
20
-
-
-
-
-
-
-
2,244
747
35
818
-
47
382
510
828
205
81
30
8,303|Restricted
Funds
£
-
-
2,161
2,698
150
19
-
23,475
-
-
270
1,346
-
-
530
938
-
-
-
836
2,809
266
6,714
893
223
1,005
45
2,709
94
66
2,311
49,558|**Total**
**2020**
**£**
**250**
**250**
**2,827**
**2,744**
**1,749**
**19**
**-**
**23,475**
**-**
**-**
**315**
**1,366**
**-**
**-**
**530**
**938**
**-**
**-**
**-**
**3,080**
**3,556**
**301**
**7,532**
**893**
**270**
**1,387**
**555**
**3,537**
**299**
**147**
**2,341**
**57,861**|Total
2019
£|
|---|---|---|---|---|---|
||||||8,499|
||||||8,499|
||||||337
1,322
909
968
494
11,547
27,950
2,167
2,296
3,068
150
248
-
5,173
690
558
500
30
3,425
401
7,365
794
824
2,053
270
294
-
30
113|
||||||73,976|
13
## **SILVERLINE MEMORIES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2020
|Governance costs
Independent examiner's fees for reporting on
the accounts|Unrestricted
Funds
£
-
-|Restricted
Funds
£
696
696|**Total**
**2020**
**£**
**696**
**696**|Total
2019
£|
|---|---|---|---|---|
|||||660|
|||||660|
Expenditure on charitable activities was £58,807 (2019: £83,135) of which £8,553 was unrestricted or designated (2019: £22,806) and £50,254 was restricted (2019: £60,329)
## 11 **Fees for examination of the accounts**
|**ees for examination of the accounts**|||
|---|---|---|
|Independent examiner's fees for reporting on the accounts|**2020**
**£**
**696**
**696**|2019
£|
|||660|
|||660|
## 12 **Analysis of staff costs and the cost of key management personnel**
|Salaries and wages
Pension costs (defined contribution pension plan)|**2020**
**£**
**26,219**
**1,749**
**27,968**|2019
£|
|---|---|---|
|||35,431
2,871|
|||38,302|
No employee received remuneration above £60,000 (2019: £nil)
The key management personnel of the charity, comprise the trustees and the Chief Executive Officer. The total employee benefits of the key management personnel of the charity were £25,223.
## 13 **Staff numbers**
The average monthly head count was 6 staff (2019: 5 staff) and the average monthly number of full-time equivalent employees during the year were as follows:
|Charitable activities
The parts of the charity in which the employee's work
Governance|**2020**
**Number**
**0.5**
**1.0**
**1.5**|2019
Number|
|---|---|---|
|||1.5
1.0|
|||2.5|
## 14 **Transactions with trustees**
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.
14
## **SILVERLINE MEMORIES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2020
## **Trustees' expenses**
No trustee expenses have been incurred in the year.
## **Transaction(s) with related parties**
There have been no related party transactions in the reporting period.
The Chair of Silverline Memories CIO is the CEO of Disability North who are the landlord for the premises used by Silverline Memories CIO.
Rev. Ruth Hewett is curate of St.Aiden's who, are the landlord of the premises used by the Monday Café Group.
## 15 **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The employer's pension costs represent contributions payable by the charity to the fund and amount to £1,749 (2019: £2,871). There was £0 outstanding as at 31 December 2020 (2019: £0)
## 16 **Corporation Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.
|17 **Tangible fixed assets**
**Cost**
Balance brought forward
Additions
Disposals
**Balance carried forward**
**Depreciation**
Basis
Rate
Balance brought forward
Depreciation charge for year
Disposals
**Balance carried forward**
**Net book value**
**Brought forward**
**Carried forward**|**Office**
**equipment**
**£**
2,253
503
-
2,756
SL
15%
1,095
618
-
1,713
1,158
1,043|**Fixtures**
**and**
**fittings**
**£**
1,339
-
-
1,339
SL
20%
902
201
-
1,103
437
236|**Vehicle**
**£**
33,568
-
-
33,568
SL
20%
20,142
6,714
-
26,856
13,426
6,712|**Total**
**£**|
|---|---|---|---|---|
|||||**37,160**
**503**
**-**|
|||||**37,663**|
|||||**22,139**
**7,532**
**-**|
|||||**29,671**|
||||||
|||||**15,021**|
||||||
|||||**7,992**|
15
## **SILVERLINE MEMORIES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2020
## 18 **Debtors and prepayments (receivable within 1 year)**
|Debtors
Other debtors|**2020**
**£**
**-**
**1,600**
**1,600**|2019
£|
|---|---|---|
|||357
1,600|
|||1,957|
## 19 **Cash at bank and in hand**
|Cash at bank
Cash in hand|**2020**
**£**
**43,920**
**90**
**44,010**|2019
£|
|---|---|---|
|||31,203
90|
|||31,293|
|20
Other accruals
Independent examination of accounts
**Creditors and accruals (payable within 1 year)**
Accruals|**2020**
**£**
**696**
**1,526**
**2,222**|2019
£|
|---|---|---|
|||660
758|
|||1,418|
## 21 **Events after the end of the reporting period**
Due to the COVID-19 pandemic, it has put pressure on all businesses in 2020. It should be noted that the debtors will be received and the creditors will be paid when the payments are falling due. No other significant events affecting the Company since the year end.
## 22 **Analysis of charitable funds**
## **Analysis of movements in unrestricted funds**
|**Unrestricted funds**
General unrestricted fund
**_Totals_**|**Fund**
**balances**
**brought**
**forward**
£
2,105
2,105|**Incoming**
**resources**
£
9,424
9,424|**Resources**
**expended**
£
( 8,553 )
(8,553)|**Transfers**
£
4,788
4,788|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|
||||||**7,764**|
||||||**7,764**|
## **Purpose of unrestricted funds**
General unrestricted fund
The 'free reserves' of the charity
16
**SILVERLINE MEMORIES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2020
## **Analysis of movement in restricted funds**
|**Restricted funds**
Community Foundation - Day
trips
Lottery Fund
Connected Voice - Citylife
Community Foundation - PPE
Covid-19 Response Fund
Allen Lane Foundation
R W Mann
Neighbourhood Community Fund
Crisis
Memory bus
Memory bus - fixed asset
CEO Salary
Ballinger
Dementia cafes
Tea dance
Awards for all - Carers
Gateshead Thrive Fund
Hub
Respite
**_Totals_**|**Fund**
**balances**
**brought**
**forward**
£
-
-
-
-
-
-
-
-
799
3,994
13,425
150
6,713
1,659
846
1,139
2,000
12,880
1,143
44,748|**Incoming**
**resources**
£
3,000
1,920
500
2,500
5,322
6,000
1,000
400
-
-
-
2,500
20,000
1,000
-
9,768
-
-
-
53,910|**Resources**
**expended**
£
( 2,037 )
-
( 38 )
( 2,250 )
( 1,638 )
-
-
-
-
( 2,696 )
( 6,714 )
( 2,650 )
( 20,612 )
( 820 )
-
( 5,431 )
-
( 5,368 )
-
(50,254)|**Transfers**
£
-
-
-
-
-
-
-
-
( 799 )
-
-
-
-
-
( 846 )
-
( 2,000 )
-
( 1,143 )
(4,788)|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|
||||||**963**
**1,920**
**462**
**250**
**3,684**
**6,000**
**1,000**
**400**
**-**
**1,298**
**6,711**
**-**
**6,101**
**1,839**
**-**
**5,476**
**-**
**7,512**
**-**|
||||||**43,616**|
## **Purpose of restricted funds**
Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.
Community Foundation - Day trips Lottery Fund Connected Voice - Citylife Community Foundation - PPE Covid-19 Response Fund Allen Lane Foundation R W Mann Neighbourhood Community Fund Crisis Memory bus CEO Salary Ballinger Operational support Dementia cafes Tea dances Awards for all - Carers Gateshead Thrive Fund Hub
Day Trips - Digital Inclusion (Website rebuild) COVID
Seated exercise groups Forum/Covid-19 Costs Funds to supply Covid-19 PPE equipment. Funds to help with Covid-19 effects. Contribution to CEO salary. Office support/operational support. Funds to help with Covid-19 effects. Fund to support service users during periods of crisis. Funds to purchase and set up a bus for trips. Contribution to CEO Salary. Office costs and operational manager salary. Funding towards operational support costs. Contribution to delivery of weekly dementia cafes. Contribution to delivery of twice monthly tea dance. Funds for the support and costs of carers. Provision for a new café in Gateshead. Funds for a new drop in centre.
17
## **SILVERLINE MEMORIES CIO**
## **NOTES TO THE FINANCIAL STATEMENTS**
For the year ended 31 December 2020
## **Purpose of restricted funds (continued)**
Respite
To provide a residential weekend respite for carers and those whom they care for.
## **Transfers between funds**
Between unrestricted and restricted funds
|Funds reclassified as unrestricted.
**Reason for transfer**|**Amount**
**£**|
|---|---|
||**4,788**|
## 23 **Capital commitments**
As at 31 December 2020, the charity had no capital commitments (2019 -£nil)
## 24 **Analysis of net assets between funds**
|Other net current assets/(liabilities)
Cash at bank and in hand
Tangible fixed assets|Unrestricted
Funds
£
1,280
7,106
( 622 )
7,764|Restricted
Funds
£
6,712
36,904
-
43,616|**Total**
**2020**
**£**
**7,992**
**44,010**
**( 622 )**
**51,380**|Total
2019
£|
|---|---|---|---|---|
|||||15,021
31,293
539|
|||||46,853|
## 25 **Guarantee**
There have been no guarantees given by the charity at 31 December 2020.
## 26 **Debt**
There is no debt outstanding which is owed by the charity and which is secured by an excess charge on any of the assets of the charity at 31 December 2020.
## 27 **Governing document**
The organisation is a Charitable Incorporated Organisation - Foundation registered on 16 December 2016 as a body corporate under part 11 of the Charities Act 2011.
18