## **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:
- A briefing by the Chair or Chief Executive
- An explanation of roles and responsibilities as a Board Member
- Copies of the main charity 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.
## 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.
- Upskilling of Staff
- Profile Raising, both organisational and staff
- Income Diversification
- Expanded Services
## **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:
- Select suitable accounting policies and then apply 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; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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**
Debtors**17**
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:
- Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
**- 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:
- Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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 -**