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2024-12-31-accounts

CHARITY REGISTRATION NUMBER: 1163582 COMPANY NUMBER: CE004701

Silverline Memories CIO

Trustees’ Annual Report & Financial Statements

31 December 2024

STEPHENSON COATES AUDIT LIMITED

Chartered Accountants West 2, Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD

Silverline Memories CIO

Financial Statements

Year ended 31 December 2024

Page
Trustees' annual report 1
Independent examiner’s report to the Trustees 6
Statement of financial activities (incorporating the income and expenditure
account) 7
Balance Sheet 8
Notes to the financial statements 9

Silverline Memories CIO

Trustees' Annual Report

Year ended 31 December 2024

The trustees present their first report for Silverline Memories CIO (“the charity”) and the unaudited financial statements of the charity for the year ended 31 December 2024.

Reference and administrative details

Registered charity name Silverline Memories CIO
Charity registration number 1163582
Company number CE0004701
Principal office 177b Kirkwood Drive
Kenton Retail
Newcastle upon Tyne
NE3 3BE
The trustees Dr Susan Carr
Dr Pamela Coipel
Ian Moses Resigned 1 June 2024
David Coulter
Lee Briton
Marion Kimberley-Ryan
Maria Flanagan Chair
Colin Kellett
Debbie Ellor Resigned 4 January 2024
Kevin Hall Vice-chair
John Thexton
Andrea Cheek
 Appointed 2 June 2025
Independent examiner Peter Alexander
Stephenson Coates Audit Limited
West 2, Asama Court
Newcastle Business Park
Newcastle upon Tyne
NE4 7YD
Bankers Co-op
Solicitor Andrew Simpson

- 1 -

Silverline Memories CIO

Trustees' Annual Report (continued)

Year ended 31 December 2024

Structure, governance and management

Governing document and membership:

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

Recruitment and appointment of Trustees:

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

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.

- 2 -

Silverline Memories CIO

Trustees' Annual Report (continued)

Year ended 31 December 2024

Objectives, strategies and activities for the year

2024 has been a year of consolidation; of establishing new digital systems and managing several staff changes.

The priority for 2024 has been the development of our second premises, the Dementia Wellbeing Centre, and funding from Newcastle Council’s Local Partnership Fund allowed us to establish the centre as our Young Onset Hub, offering a range of services from activities to employment support. Uptake has been slower than anticipated and the project will be reviewed early 2025.

Funding for growth and development has remained tricky, and we find ourselves in a position of being too “big” for small funds, and too small for the larger grants. We have remained stable but not achieved the growth we had hoped for in 2024. This is something we aim to address in 2025 with four priority areas to contribute to this transition.

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.

Contribution by Volunteers

Volunteers are contributing 400 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. Volunteers also support community engagement exercises such as displays, exhibitions and information stand and promoting the benefits of volunteering to their own networks.

Achievements and performance

Evaluation and outputs

An evaluation of our services was conducted by Julian Prior of Priority Advice with interviews taking place with stakeholders at all levels. The conclusions were overwhelmingly positive with two development areas being identified. These were prioritised during 2024 and resulted in some changes to our chart of accounts and reporting, changes that have taken some time to “bed in”. At the end of 2024 the decision was made to change accountants and accounting package, which we are confident will address the areas highlighted in the evaluation report. The successes the report demonstrated allowed us to succeed in securing continuation funding from Reaching Communities, with the first payment due very early in 2025.

Fundraising

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

- 3 -

Silverline Memories CIO

Trustees' Annual Report (continued)

Year ended 31 December 2024

Financial review

During the year the Charity had income of £261,573 (2023: £260,048) of which £103,457 was restricted (2023: £112,456) and expenditure of £276,099 (2023: £217,492) of which £121,908 was restricted (2023: £85,324).

At 31 December 2024 the Charity had net assets of £24,397 (2023: £78,923) of which £21,855 was restricted (2023: £40,326).

Reserves policy/Going concern

The Trustees consider the level of reserves 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.

The trustees have reviewed its forecasts and there is a reasonable expectation that it has adequate resources to continue in operational existence for at least the next twelve months and on this basis the charity is considered to be a going concern.

Plans for future periods

We have identified four areas of priority to support our transition from micro/small charity to medium charity during 2025.

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.

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.

- 4 -

Silverline Memories CIO

Trustees' Annual Report (continued)

Year ended 31 December 2024

Statement of Trustees’ Responsibilities

The Trustees are responsible for preparing the Trustees’ 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 period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate 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 charities governing document. 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' annual report was approved on 10[th] December 2025 and signed on behalf of the board of trustees by:

Kevin Hall Trustee, Acting Chair

- 5 -

Silverline Memories CIO

Independent Examiner's Report to the Trustees of Silverline Memories CIO

Year ended 31 December 2024

I report to the trustees on my examination of the financial statements of Silverline Memories CIO('the charity') for the year ended 31 December2024, which are set out on pages 6 to 15.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 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 2011 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 financial statements do not accord with those records; or

  3. the financial statements do 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 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.

Peter Alexander

Stephenson Coates Audit Limited West 2, Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD

10[th] December 2025

- 6 -

Silverline Memories CIO

Statement of Financial Activities (incorporating the income and expenditure account)

Year ended 31 December 2024

2024
Unrestricted
funds
Restricted
funds
Note
£
£
Income and endowments

Donations, gifts and grants
4
17,397
2,742
Charitable Activities

Grants and contracts
5
31,104
100,695
Other trading activities
6
69,635
-


Total income
118,136
103,437


Expenditure
Raising Funds
7
4,010
-
Charitable Activities
Operation of the charity
8,9
150,181
121,908

Total expenditure
154,191
121,908

Net income/ expenditure
(36,055)
(18,471)
Transfer between funds
Net incoming resources and
net movement in funds
(36,055)
(18,471)
Reconciliation of funds
Total funds brought forward
38,597
40,326
Total funds carried forward
20
2,542
21,855		 Total
funds
£
20,139
131,799
69,635

221,573

4,010
272,089
276,099
(54,526)
(54,526)
78,923
24,397		 2023
Total
funds
£

17,788

188,333

53,927

260,048
2,588
214,904
217,492
42,555
-
42,555
36,368
78,923

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 9 - 15 form part of these financial statements.

- 7 -

Silverline Memories CIO

Balance Sheet

Balance Sheet
31 December 2024
2024
Note
£
£
Fixed assets
16
2,057

Current assets
Debtors17
212
Cash at bank and in hand
24,360
24,572
Creditors: amounts falling due
within one year
18
(2,232)
Net current assets
22,340
Total assets less current liabilities
24,397
Net assets
24,397
Funds of the charity
Unrestricted funds
2,542
Restricted funds
21,855
Total charity funds
20,
21,
24,397		 2023
£
1,450
77,914
79,363
(8,591)
£
8,151
70,772
78,923
78,923
38,597
40,326
78,923

These financial statements were approved by the board of trustees and authorised for issue on 10[th] December 2025, and are signed on behalf of the board by:

Kevin Hall Trustee, Vice Chair

The notes on pages 9 - 15 form part of these financial statements.

- 8 -

Silverline Memories CIO

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The charity is a registered charity in England and Wales and is a charitable incorporated organisation (charity number 1163582, company number CE0004701). The address of the principal office is 177b Kirkwood Drive, Kenton Retail, Newcastle upon Tyne NE3 3BE

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Silverline Memories CIO meets the definition of a public benefit entity under FRS 102.

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 operational existence for the foreseeable future. The trustees are confident that the charity has sufficient working capital to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements. Therefore, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no key sources of estimation uncertainty to report that have a significant risk of causing a material adjustment to the financial statements.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future projects or commitments.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

- 9 -

Silverline Memories CIO

Notes to the Financial Statements (continued)

Year ended 31 December 2024

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes VAT, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures fittings and equipment - 33% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

- 10 -

Silverline Memories CIO

Notes to the Financial Statements (continued)

Year ended 31 December 2024

Voluntary assistance

Time is expended on the charity’s activities and governance which is donated free of charge. It is impractical to quantify the value of the time given, and accordingly it is neither recorded as donated income nor as an expense in the financial statements.

4. Donations & legacies

Donations and gifts
5.
Charitable activities
Grants
Community Foundation
Sport England
The DWF Foundation
RW Mann Trust
Big Lottery Reaching Communities
Big Lottery Café
Awards for All
Ballinger
Newcastle City Council
Sir James Knott
Zurich
Groundwork
Foyle foundation
The Neighbourly Foundation
Barchester
Masonic Charitable Trust
Mosaic
Other small grants		 17,397

17,398
-
-
-
2,000
-
-
-
20,000
4,104
-
-
-
-
-
-
5,000
-
-
31,104
Unrestricted
Funds
£
Unrestricted
Funds
£
2,742
20,139
17,788




2,742
20,139
17,788

6,500
6,500
15,000

-
-
10,010

2,000
2,000
-

-
2,000
2,000

33,150
33,150
67,498

19,998
19,998
-

-
-
9,948

-
20,000
20,000

17,155
21,259
500

-
-
5,000

9,500
9,500
31,000

375
375
1,125

-
-
10,000

-
-
10,000

1,310
1,310
-

-
5,000
6,000

8,179
8,179
-
2,528
2,528
253


100,695
131,799
188,333
Restricted
Funds
Total Funds
2024
Total Funds
2023
£
£
£
Restricted
Funds
Total Funds
2024
Total Funds
2023
£
£
£
2,742
20,139
17,788




2,742
20,139
17,788

6,500
6,500
15,000

-
-
10,010

2,000
2,000
-

-
2,000
2,000

33,150
33,150
67,498

19,998
19,998
-

-
-
9,948

-
20,000
20,000

17,155
21,259
500

-
-
5,000

9,500
9,500
31,000

375
375
1,125

-
-
10,000

-
-
10,000

1,310
1,310
-

-
5,000
6,000

8,179
8,179
-
2,528
2,528
253


100,695
131,799
188,333
Restricted
Funds
Total Funds
2024
Total Funds
2023
£
£
£
Restricted
Funds
Total Funds
2024
Total Funds
2023
£
£
£

188,333

6. Other trading activities

Trips
Fundraising
Other income		 32,167
37,468
-

69,635
Unrestricted
Funds
£
-
32,167
13,555

-
37,468
32,512

-
-
7,860




-
69,635
53,927
Restricted
Funds
Total Funds
2024
Total Funds
2023
£
£
£
-
32,167
13,555

-
37,468
32,512

-
-
7,860




-
69,635
53,927
Restricted
Funds
Total Funds
2024
Total Funds
2023
£
£
£

53,927

- 11 -

Silverline Memories CIO

Notes to the Financial Statements (continued)

Year ended 31 December 2024

7. Raising funds

Raising funds
Staging fundraising events 4,010

4,010

Unrestricted
Funds
£
-
4,010
2,588




-
4,010
2,588


Restricted
Funds
Total Funds
2024
Total Funds
2023
£
£
£

2,588

8. Expenditure on charitable activities by fund type

Charitable activities
Events and trips
Wages
Pension costs
Volunteers
Staff expenses
CEO Salary
Staff training/ conference
Memory bus
Community foundation Grant refund
Support Costs
Rent
Office
Depreciation
Equipment and resources
Stationery
Telephone
Insurance
IT
Payroll fees
Bank charges
Professional fees
Other expenses		 Unrestricted
Funds
£
6,344
24,975
2,313
-
2,875
41,963
-
4,463
-
17,077
9,425
8,625
2,665
930
3,821
1,532
7,322
812
667
9,772
2,368
147,949		 Restricted
Funds
£


10,845

85,506

-

-

1,793

-

-

3,939

-




15,390

-

-

-

-

213

192

-

-

-

4,030

-


121,908		 Total
Funds
2024
£
17,189
110,481
2,313
-
4,668
41,963
-
8,402
-
32,467
9,425
8,625
2,665
930
4,034
1,724
7,322
812
667
13,802
2,368
269,857		 Total
Funds
2023
£

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

9. Governance costs

Trustee meeting expenses
Independent examiners fee		 -
2,232

2,232
Unrestricted
Funds
£
-
-
1,318

-
2,232
500




-
2,232
1,818
Restricted
Funds
Total Funds
2024
Total Funds
2023
£
£
£
-
-
1,318

-
2,232
500




-
2,232
1,818
Restricted
Funds
Total Funds
2024
Total Funds
2023
£
£
£

1,818

- 12 -

Silverline Memories CIO

Notes to the Financial Statements (continued)

Year ended 31 December 2024

10. Net incoming resources are stated after charging:

Net incoming resources are stated after charging:
2024 2023
£ £
Fees payable to the independent examiner for:
Independent examination and preparation of the financial statements 2,232 500

11. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

Wages and salaries
Employer contributions to pension plans		 2024
£
152,444
2,313
154,756		 2023
£
112,970
1,916
114,886

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 £43,102. (2023: £43,290).

12. Staff numbers

The average monthly head count was 6 staff (2023: 6 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

Charitable activities
Governance		 2024
£
4.0
2.00
6.00		 2023
£
3.0
2.00
5.0

13. Trustee remuneration and expenses

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.

- 13 -

Silverline Memories CIO

Notes to the Financial Statements (continued)

Year ended 31 December 2024

14. 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. The trustees are considered to be the Key management personnel of the charity. No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. During the year £Nil (2023: £nil) was reimbursed to Trustees for expenses relating to travel, accommodation and subsistence.

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 £2,313 (2023: £1,916). There was £Nil outstanding as at 31 December 2024 (2023: £556)

16. Fixed assets

Cost
At 1 January 2024
Additions
At 31 December 2024
Depreciation
At 1 January 2024
Depreciation
At 31 December 2024
Net Book Value
31 December 2024
31 December 2023		 Office
equipment
£
2,756
1,590
4,346
£
2,756
525
Fixtures
and Fittings
£
1,339
940
2,279
£
1,339
188
1,527
752
-		 Premises
£
23,975
-
23,975
£
15,824
7,912
23,736
239
8,152
 Total
£
28,071
2,530
30,601




£
19,919
8,625
28,544
2,057
8,152
3,281
1,065
-

- 14 -

Silverline Memories CIO

Notes to the Financial Statements (continued)

Year ended 31 December 2024

17. Debtors

Debtors
Debtors
Prepayment
Other debtors
Creditors: amounts falling due within one year
Trade creditors
Taxation and social security
Pension
Accruals
Deferred Income
Other creditors		 2024
£
170
-
42
212
2024
£
-
-
-
2,232
-
-
2,232		 2023
£
118
1,332
-
1,450
2023
£
247
2,340
556
500
990
3,959
8,592

18. Creditors: amounts falling due within one year

19. 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 authorised for issue which relate to conditions that arose after the end of the reporting period.

20. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
General fund At
1 January
2024

£
38,597
38,597		 Income
£
118,137
118,137		 Expenditure
£
154,191
154,191		 Transfer
£
-


-		 At
31 December
2024
£
2,543
2,543

- 15 -

Silverline Memories CIO

Notes to the Financial Statements (continued)

Year ended 31 December 2024

Unrestricted funds

General funds At
1 January
2023

£
15,463
15,463		 Income
£
147,592
147,592		 Expenditure
£
(132,168)
(132,168)		 Transfer
£
7,710


7,710
 At
31 Decembe
r 2023
£
38,597
38,597

General funds are available to be spent for any use of the Charity.

Restricted funds

At
1 January
2024

£
Big Lottery Reaching Communities
16,705
Awards for All
1,095
The Neighbourly Foundation
2,607
Sport England
7,984
Community Foundation
6,935
Community Foundation
5,000
The DWF Foundation
-
Barchester
-
Zurich
-
Community Foundation
-
Big Lottery Awards for All
-
Newcastle Partnership NCC
-
Proudfoot Family
-
Community Foundation
-
Other restricted funds
-
40,326		 Income
£
33,150
-
-
-
-
-
2,000
1,310
9,500
1,500
19,998
17,155
8,179
5,000
5,645
103,437
 Expenditure
£

(49,855)

(1,095)

(2,607)

(5,966)

(6,935)

(5,000)

(2,000)

(1,310)

(9,500)

(1,000)

(14,000)

(17,155)

-

(340)

(5,145)

(121,908)		 Transfer
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-


-
 At
31 Dece
mber
2024
£
-
-
-
2,018
-
-
-
-
-
500
5,998
-
8,179
4,660
500

21,855

- 16 -

Silverline Memories CIO

Notes to the Financial Statements (continued)

Year ended 31 December 2024

Restricted funds

Restricted funds
At
1 January
2023

£
Memory Bus
1,476
Dementia café
140
Big Lottery Reaching Communities
Awards for All
The Neighbourly Foundation
Sport England
DAC
14,393
Welfare Support
4,896
Community Foundation
-
Community Foundation
20,905		 Income
£
67,498
9,948
10,000
10,010
-
-
10,000
5,000
112,456		 Expenditure
£
(1,476)
(140)

(50,792)

(8,853)

(7,393)

(2,026)

(3,165)

(4,176)

(7,303)

-

(85,324)		 Transfer
£
-
-
-

-

(11,228)
(720)
4,238
-


(7,710)

 At
31 Decem
ber 2023
£
-
-
16,705
1,095
2,607
7,984
-
-
6,935
5,000

40,326

Purpose of restricted funds

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

by the donor.
Big Lottery Reaching Communities To open the Dementia Activity Centre and DAC
Awards for All Mini bus costs
The Neighbourly Foundation Furniture and costs
Sport England Contribution to the delivery of seated exercise
Community Foundation Walking To fund a walking group for people with dementia
To fund a carer support group
CommunityFoundationCafé &Trips
Community Foundation Sanctuary room
Newcastle Partnership NCC Young onset Hub
The DWF Foundation Seat exercise
Proudfoot family LGBT+Dementia cafe
Barchester Equipment

- 17 -

Silverline Memories CIO

Notes to the Financial Statements (continued)

Year ended 31 December 2024

21. Analysis of net assets between funds

Fixed assets
Current assets
Creditors less than 1 year
Net assets		 Unrestricted
Funds
£
2,057
2,717
(2,232)
2,542		 Restricted
Funds

£
-
21,855
-
21,855		 Total Funds
2024
£
2,057
24,572
(2232)
24,397		 Total Funds
2023
£
8,151
79,364
(8,592)
78,923

- 18 -