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2023-12-31-accounts

SILVERLINE MEMORIES CIO

REPORT AND FINANCIAL STATEMENTS For the year ended 31 December 2023

Charity number 1163582

SILVERLINE MEMORIES CIO TRUSTEES ANNUAL REPORT

For the year ended 31 December 2023

The trustees are pleased to present their annual report together with financial statements of the charity for the year ended 31 December 2023.

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 to the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

1. Objectives and activities

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 Northeast 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

Our objectives for 2023 were to develop the Dementia Activity Centre and Shop that we opened in September 2022 and this resulted in a period of intense growth and unprecedented demand for our services. We had to develop the infrastructure to manage that growth, while continuing to meet the needs of our beneficiaries, and in a way that ensured no drop in quality of our activities and services.

To do this we introduced new accounting and CRM systems, allowing us to digitise our record keeping.

At the end of 2022 we had four paid staff members, one full time and three part time and as we close our 2023 we have increased this to three full time staff members, and five part time. The increase in staff meant we had to take on additional office space and in March we signed a six-month lease on an office within a local serviced office block. While this met the immediate needs, it was apparent that there was a need for all staff to be near the delivery of services, and in September we signed the lease on a second unit, two doors away from our Dementia Activity Centre. This allowed all staff to work together and restored the unity of team relationships.

There were several staff changes. Recruitment in our sector is difficult now, and we mistakenly appointed based on the best of the applicants we had, rather than waiting for the right applicant. Some staff started roles and then left within a few months when it was apparent they did not have the skills that were needed. This was challenging and costly, and destabilised morale. During the same period a new Chair joined the Board along with five other new Trustees and there were pressures and challenges to overcome. There were too many plate spinning and a period of consolidation and prioritisation was essential. By the end of 2023 we had a stable staffing structure and clear definition of roles and responsibilities.

We opened the Wellbeing Centre in December of 2023 to house the Advocacy & Care

1

SILVERLINE MEMORIES CIO TRUSTEES ANNUAL REPORT

For the year ended 31 December 2023

Navigation Project and our admin base.

During 2023 our Jubilee Dementia Choir grew and gained in popularity, regularly being booked to perform at local residential and care homes. During the Summer of 2023 the choir performed at Widstock – an outdoor music festival in Northumberland. We also performed twice at a local church, raising funds to meet some of our transport and catering costs.

2. Public Benefit Statement

Silverline Memories provides “places to go and things to do” for people with a diagnosis of Dementia and their families. We believe that people with Dementia should be supported to live as full and active a life as possible, for as long as possible. We provide the opportunities, help and support, to do so. We work with families for as long as they need us.

3. Contribution by Volunteers

Volunteers are contributing 350 hours per month. Volunteers provide essential support during the delivery of groups and activities, welcoming beneficiaries, providing refreshments, encouraging engagement and providing emotional and practical support. Our shop window displays are dressed by a volunteers, and birthday and other greetings cards are sent by volunteers to all our members, staff, volunteers and Trustees.

4. Achievements and Performance

Evaluation and outputs

Our number of beneficiaries continued to rise, and by the end of 2023 we were supporting a little over 200 individuals.

We launched our new five year Strategy and we worked with our staff and volunteers to reevaluate our Mission, Vision, Values and Culture, identifying what we term as The Silverline Way – a set of values and standards which define how we work with everyone at all levels, both internally and externally.

We recruited four new staff members and increased our volunteering numbers. We introduced long service awards as part of our volunteer recognition programme and we enjoy seeing our volunteers wearing their long service pins with pride.

5. Fundraising

Our income is made up of grants, the sale of donated items, and individual donations.

2

SILVERLINE MEMORIES CIO TRUSTEES ANNUAL REPORT

For the year ended 31 December 2023

6. Financial review

Review of the year

The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements.

During the year the Charity had income of £260,048 (2022: £108,021) of which £112,456 was restricted (2022: £53,878) and expenditure of £217,492 (2022: £112,598) of which £85,324 was restricted (2022: £52,025). There was an operating surplus of £42,555 (2022: deficit £4,577) of which a surplus of £19,421 was restricted (2022: deficit £8,495).

At 31 December 2022 the Charity had net assets of £78,923 (2022: £36,368) of which £40,326 was restricted (2022: £20,905).

Reserves policy/Going concern

The Trustees consider the level of reserves, £38,527 (2022: surplus £15,463), prudent for the Charity. Our Reserves Policy is reviewed annually.

The reserves are needed to maintain the current activities of the charity in the event of a significant drop in funding. We would plan to meet any future deficit through fundraising activities during through the sale of donated items in our charity shop, income from the Dementia Activity Centre and individual donations.

7. 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.

8. Plans for future periods

During 2024 we want to establish the Wellbeing Centre and continue to consolidate our systems and processes. We aim to obtain continuation funding for our Dementia Activity Centre and to replicate this offer in other areas. Decisions are to be made this year about our premises as we look towards our first break clause date in our lease on the activity centre and whether we continue or look to purchase property that meets our needs. We also seek new funding relationships.

3

SILVERLINE MEMORIES CIO

TRUSTEES ANNUAL REPORT

For the year ended 31 December 2023

9. Reference and administrative details of the charity, its trustees and advisors

Charity Name Silverline Memories CIO
Registered 1163582
Charity Number
Trustees Dr Susan Carr
Dr Pamela Coipel Appointed 20 December 2023
Ian Moses Resigned 01 June 2023
David Coulter
Lee Briton
Marion Kimberley-Ryan
Maria Flanagan Chair
Colin Kellett
Susan Elizabeth Lee Thexton
Debbie Ellor Resigned 04 January 2024
Kevin Hall
John Thexton
Registered Office 177b Kirkwood Drive
Kenton Retail
Newcastle upon Tyne
NE3 3BE
Independent Michelle Wright
Examiner MW Accounting Services
Woodgate House
Wood Street
Gateshead
NE11 9NP
Bankers Santander
Solicitor Andrew Simpson

4

SILVERLINE MEMORIES CIO TRUSTEES ANNUAL REPORT

For the year ended 31 December 2023

10. Structure, governance and management

Governing documents

Silverline Memories CIO is a Charitable Incorporated Organisation, governed by its constitution, adopted on the 15[th] September 2015.

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 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 skill 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:

Organisation

The trustees administer the charity and the Chief Executive is responsible for managing the work of the charity on a day-to-day basis.

The trustees are aware that the major risk to the organisation is lack of funding. Each quarter the risk is assessed when budgets are compared to actual spend and reserves are reviewed on a yearly basis to ensure that there are sufficient funds available to cover five months running costs and any possible redundancy costs.

Risk management

The management committee has conducted its own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Internal risks are minimised by the implementation of procedures for authorisation of all transactions and projects and for ensuring the consistent quality of the delivery of all operational aspects of

5

SILVERLINE MEMORIES CIO

TRUSTEES ANNUAL REPORT

For the year ended 31 December 2023

the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charity.

11. Related Parties

The CEO is married to a Trustee. There is a policy within the constitution, Conflict of interest and conflict of loyalty, ensure the safe and correct governance and to manage the conflict of interest. The CEO is also related to one volunteer. Funders have been made aware and are comfortable with the safeguards in place.

12. Trustees responsibilities in relation to the financial statement

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 trustees are required 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, including the income and expenditure of the charity for the year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which 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 ………………….. and signed on their behalf by:

Maria Flanagan Chair

6

SILVERLINE MEMORIES CIO

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

For the year ended 31 December 2023

I report on the financial statements of Silverline Memories CIO for the year ended 31 December 2023, which are set out on pages 8 to 19.

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:

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:

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.

Michelle Wright Woodgate House Gateshead NE11 9NP Date:

7

SILVERLINE MEMORIES CIO

STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 December 2023

6
7
Other trading activities
8
Expenditure on:
9
10
Raising funds
Operation of the charity
Total expenditure
Net income/(expenditure)
Transfers between funds
Net income/(expenditure) and net
movement of funds
Charitable activities
Total income
Donations and legacies
Income from:
Charitable activities
Grants and contracts
Notes
Total funds carried forward
Reconciliation of funds
Total funds brought forward		 Unrestricted
Funds
£
17,788
75,878
53,927
147,592
2,588
129,580
132,168
15,424
7,710
23,134
15,463
38,597		 Restricted
Funds
£
-
112,456
-
112,456
-
85,324
85,324
27,131
( 7,710 )
19,421
20,905
40,326		 Total
2023
£
17,788
188,333
53,927
260,048
2,588
214,904
217,492
42,555
-
42,555
36,368
78,923		 Total
2022
£
7,308
80,042
20,671
108,021
1,443
111,155
112,598
( 4,577 )
-
( 4,577 )
40,945
36,368

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 19 form an integral part of these accounts.

8

Charity Number 1163582

SILVERLINE MEMORIES CIO

BALANCE SHEET

As at 31 December 2023

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
Total net assets or liabilities
Funds of the charity
Unrestricted income funds
Restricted income funds
Total funds
Notes		 £
1,450
77,914
79,363
( 8,591 )		 Total
2023
£
8,151
8,151
78,923
38,597
40,326
78,923		 £
46
22,080
22,126
( 2,027 )		 Total
2022
£
16,269
16,269
36,368
15,463
20,905
36,368

The notes on pages 10 to 19 form an integral part of these accounts.

These financial statements were approved by the Board on:

and are signed on its behalf by:

Maria Flanagan Chair

9

SILVERLINE MEMORIES CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2023

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 £ 38 , 597 and the rese r ves are under review.

The trustees have reviewed and considered relevant information including the annual budget and the trustees are of the view that the immediate future of the organisation, for the next 12 months is secure, and on that basis it is a going concern.

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 2023

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 £250 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%

11

SILVERLINE MEMORIES CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2023

Analysis of income

6
7
8		 Donations and legacies
Charitable activities
Income from grants
Awards for All
Ballinger
Groundwork
Other trading activities
Fundraising
Other income
Community Foundation
Sport England
RW Mann Trust
Big Lottery Reaching Communities
The Neighbourly Foundation
Donations and gifts
Newcastle City Council
Foyle Foundation
Masonic Charitable Trust
Sir James Knott
Asda Foundation
Local Giving
Persimmon Homes
Other small grants
Trips
Zurich
Rothley Trust
Hadley Foundation		 Unrestricted
Funds
£
17,788
17,788
-
-
2,000
-
-
20,000
500
5,000
-
-
-
31,000
-
1,125
10,000
-
-
6,000
253
75,878
13,555
32,512
7,860
53,927		 Restricted
Funds
£
-
-
15,000
10,010
-
67,498
9,948
-
-
-
-
-
-
-
-
-
-
-
10,000
-
-
112,456
-		 Total
2023
£
17,788
17,788
15,000
10,010
2,000
67,498
9,948
20,000
500
5,000
-
-
-
31,000
-
1,125
10,000
-
10,000
6,000
253
188,333
13,555
32,512
7,860
53,927		 Total
2022
£
7,308
7,308
25,677
3,000
1,500
11,350
-
15,000
5,000
5,000
1,750
500
1,000
10,000
265
-
-
-
-
-
-
80,042
16,800
-
3,871
20,671

Income was £260,048 (2022: £108,021) of which £147,592 was unrestricted or designated (2022: £54,143) and £112,456 was restricted (2022: £53,878)

12

SILVERLINE MEMORIES CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2023

Analysis of expenditure on charitable activities

9
10		 Raising funds
Charitable activities
Support costs
Professional fees
Governance costs
Trustee meeting expenses
Volunteers
Staff expenses
CEO salary
Staff training/conference
Telephone
Insurance
IT
Other expenses
Depreciation
Office
Equipment and resources
Payroll fees
Staging fundraising events
Carers support group
Memory bus
Advertising
Independent examiner's fees for reporting on
the accounts
Wages
Pension costs
Events and trips
Bank charges
Community Foundation Grant refund
Stationery
Dementia cafes
Rent		 Unrestricted
Funds
£
2,588
2,588
6
37,216
1,916
176
3,188
41,844
2,120
-
-
653
-
11,256
3,473
-
8,118
74
1,222
1,914
1,486
7,698
936
678
1,913
1,875
127,762
Unrestricted
Funds
£
1,318
500
1,818		 Restricted
Funds
£
-
-
4,708
33,910
211
479
574
4,447
360
21,627
3,767
9,199
909
375
946
90
-
3,722
85,324
Restricted
Funds
£
-
-
-		 Total
2023
£
2,588
2,588
4,714
71,126
1,916
387
3,667
41,844
2,695
-
-
5,100
360
32,883
7,240
-
8,118
9,274
2,131
2,289
2,432
7,788
936
678
5,635
1,875
213,086
Total
2023
£
1,318
500
1,818		 Total
2022
£
1,443
1,443
17,313
13,329
2,117
-
3,815
33,338
-
4,172
690
-
-
14,218
1,650
-
8,230
433
1,616
715
1,226
2,816
292
-
-
4,285
110,255
Total
2022
£
-
900
900

Expenditure on charitable activities was £217,492 (2022: £112,598) of which £132,168 was unrestricted or designated (2022: £60,573) and £85,324 was restricted (2022: £52,025)

13

SILVERLINE MEMORIES CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2023

11 Fees for examination of the accounts

ees for examination of the accounts
There were no other fees paid to the examiner (2022: £nil)
Independent examiner's fees for reporting on the accounts		 2023
£
500
500		 2022
£
900
900
12
Pension costs (defined contribution pension plan)
Analysis of staff costs and the cost of key management personnel
Salaries and wages		 2023
£
112,970
1,916
114,886		 2022
£
46,667
2,117
48,784

No employee received remuneration above £60,000 (2022: 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 £43,290 (2022: £35,455).

13 Staff numbers

The average monthly head count was 6 staff (2022: 6 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

Governance
Charitable activities
The parts of the charity in which the employee's work		 2023
Number
3.0
2.0
5.0		 2022
Number
0.5
1.0
1.5

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.

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 CEO of Silverline Memories CIO is on the board of Voluntary Organisations Network North East (VONNE).

David Coulter, Treasurer of silverline Memories CIO is married to the CEO of Silverline memories CIO. There is a policy within the constitution, Conflict of interest and conflict of loyalty, to ensure the safe and correct governance and, to follow this policy. The CEO is also related to one volunteer.

14

SILVERLINE MEMORIES CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2023

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 £1,916 (2022: £2,117). There was £556 outstanding as at 31 December 2023 (2022: £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
£
2,756
-
-
2,756
SL
33%
2,550
206
-
2,756
206
-		 Fixtures
and
fittings
£
1,339
-
-
1,339
SL
20%
1,339
-
-
1,339
-
-		 Premises
£
23,975
-
-
23,975
SL
33%
7,912
7,912
-
15,824
16,063
8,151		 Total
£
28,070
-
-
28,070
11,801
8,118
-
19,919
16,269
8,151

18 Debtors and prepayments (receivable within 1 year)

Other debtors
Prepayments
Debtors		 2023
£
118
1,332
-
1,450		 2022
£
-
-
46
46

15

SILVERLINE MEMORIES CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2023

19 Cash at bank and in hand

Cash at bank
Cash in hand
Pension
Independent examination of accounts
Accruals
Trade creditors
Other creditors
Taxation and social security
Creditors and accruals (payable within 1 year)
Deferred income
Ball income		 2023
£
77,824
90
77,914
2023
£
247
2,340
556
500
990
3,959
8,591		 2022
£
21,990
90
22,080
2022
£
-
-
-
900
-
1,127
2,027

20 Creditors and accruals (payable within 1 year)

21 Events after the end of the reporting period

No events (requiring adjustment to the financial statements) have occurred after the end of the reporting period but before the financial statements were authroised for issue which relate to conditions that arose after the end of the reporting period.

22 Analysis of charitable funds

Analysis of movements in unrestricted funds For the year ended 31 December 2023

Unrestricted funds
General unrestricted fund
Totals		 Fund
balances
brought
forward
£
15,463
15,463		 Incoming
resources
£
147,592
147,592		 Resources
expended
£
( 132,168 )
(132,168)		 Transfers
£
7,710
7,710		 Fund
balances
carried
forward
£
38,597
38,597

For the year ended 31 December 2022

Unrestricted funds
General unrestricted fund
Totals		 Fund
balances
brought
forward
£
11,545
11,545		 Incoming
resources
£
54,143
54,143		 Resources
expended
£
( 60,573 )
(60,573)		 Transfers
£
10,348
10,348		 Fund
balances
carried
forward
£
15,463
15,463

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 2023

22 Analysis of charitable funds continued

Analysis of movement in restricted funds For the year ended 31 December 2023

Restricted funds
Memory bus
Dementia cafes
Big Lottery Reaching
Communities
Awards for All
The Neighbourly Foundation
Sport England
DAC
Welfare Support
Community Foundation
Community Foundation
Totals		 Fund
balances
brought
forward
£
1,476
140
-
-
-
-
14,393
4,896
-
-
20,905		 Incoming
resources
£
-
-
67,498
9,948
10,000
10,010
-
-
10,000
5,000
112,456		 Resources
expended
£
( 1,476 )
( 140 )
( 50,792 )
( 8,853 )
( 7,393 )
( 2,026 )
( 3,165 )
( 4,176 )
( 7,303 )
-
(85,324)		 Transfers
£
-
-
-
-
-
-
( 11,228 )
( 720 )
4,238
-
(7,710)		 Fund
balances
carried
forward
£
-
-
16,705
1,095
2,607
7,984
-
-
6,935
5,000
40,326

For the year ended 31 December 2022

Restricted funds
Lottery Fund
Community Foundation - PPE
Covid-19 Response Fund
Neighbourhood Community Fund
Memory bus
Dementia cafes
National Lottery A4A
Hub
events
DWF Charitable Foundation
Local Giving - Doodle Art
DAC
Choir
Great North Run
Welfare Support
Operational Support
Balances carried forward		 Fund
balances
brought
forward
£
1,820
239
1,522
213
-
212
10,630
10,974
290
3,000
500
-
-
-
-
-
29,400		 Incoming
resources
£
-
-
-
-
4,420
1,037
-
8,357
-
-
-
22,387
3,810
1,287
11,080
1,500
53,878		 Resources
expended
£
( 1,820 )
( 239 )
( 1,522 )
( 213 )
( 4,354 )
( 912 )
( 10,336 )
( 10,136 )
( 290 )
( 3,000 )
( 500 )
( 6,976 )
( 3,560 )
( 843 )
( 5,824 )
( 1,500 )
(52,025)		 Transfers
£
-
-
-
-
1,410
( 197 )
( 294 )
( 9,195 )
-
-
( 1,018 )
( 250 )
( 444 )
( 360 )
(10,348)		 Fund
balances
carried
forward
£
-
-
-
-
1,476
140
-
-
-
-
-
14,393
-
-
4,896
20,905

17

SILVERLINE MEMORIES CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2023

For the year ended 31 December 2022 (continued)
Fund
balances
brought
Incoming
forward
resources
Restricted funds
£
£
Balances brought forward
43,616
15,250
ASDA - Coming back together
-
590
DWF Charitable Foundation
-
3,000
Local Giving - Doodle Art
-
500
Rothley Trust
-
750
Totals
43,616
20,090		 Resources
expended
£
( 33,256 )
( 300 )
-
-
( 750 )
(34,306)		 Transfers
£
-
-
-
-
-
-		 Fund
balances
carried
forward
£
25,610
290
3,000
500
-
29,400

Purpose of restricted funds

Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.

Memory bus

Dementia cafes Big Lottery Reaching Communities Awards for All The Neighbourly Foundation Sport England

Community Foundation Walking Community Foundation Counselling Community Foundation Café & Trips Community Foundation Newcastle Building Society DAC Welfare Support

Funds to purchase and set up a bus for trips Contribution to delivery of weekly dementia cafes To open the Dementia Activity Centre and DAC

Mini bus costs

Furniture and costs Contribution to the delivery of seated exercise

To fund a walking group for people with dementia To fund a carer support group

To contribute towards trips and café expenses

To contribute towards costs for the Dementia Café

Dementia Activity Centre set up and running costs Running costs of Befriending Service and support groups

Transfers between funds

For the year ended 31 December 2023

For the year ended 31 December 2023
Between unrestricted and
restricted funds
Between restricted and restricted
funds
Reason for transfer
Funds reclassified as unrestricted/restricted.
Reallocation of funds from brought forward		 Amount
£
7,710
4,238

23 Capital commitments

As at 31 December 2023, the charity had no capital commitments (2022 -£nil)

18

SILVERLINE MEMORIES CIO

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2023

24 Analysis of net assets between funds

nalysis of net assets between funds
Tangible fixed assets
Other net current assets/(liabilities)
Cash at bank and in hand		 Unrestricted
Funds
£
8,151
37,587
( 7,142 )
38,597		 Restricted
Funds
£
-
40,326
-
40,326		 Total
2023
£
8,151
77,914
( 7,142 )
78,923		 Total
2022
£
16,269
22,080
( 1,981 )
36,368

25 Guarantee

There have been no guarantees given by the charity at 31 December 2023.

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 2023.

27 Governing document

The organisation is a Charitable Incorporated Organisation - Foundation registered on 15 September 2015 as a body corporate under part 11 of the Charities Act 2011.

19