Charity No: 1164348 Action or ementia help us care for others REPOR T OF THF. TRUSTEF.S AND UNAUDITED FINANCIAL STATEMENTS For the yeAr ended 3151 March 2024 Ain5IVQrths Limited Charter House Sta115field Street Nelson Lanc85hire BB9 9XY
ACTION FOR DEMENTIA CONTENTS OF THE FINATrICIAL STATEMENTS For the year ended 31, March 2024 Pa Report of the trustees Accountants, report to the trustees of Action for Dementia Statement of financial activities Balance sheet Notes to the financial slat¢mcnts 8-12
ACTION FOR DEMENTIA REPORT OF THF. TRUSTEES For the year ended 31. March 2024 The trustees present th¢ir annual report and the unaudited financial 5tstements of the charity for the year ended 3 IY March 2024. The financial statements ¢omply with the Charities Act 2011 and Reporting by Charities.. Statement of Re¢oTnmcnded Practice applicable to charities preparing their accounts in accordance witli thc financial Reporting Standard applicable in thc United Kingdoin and Repiiblic of Ireland (FRS 102) (effective I, January 20191 (Charities SORP {FRS 102}1. LEGAL AND ADMINISTRATIVE DETAtLS Registered charity numbcr 1164J48 Registered address Action for Dementia Technology Centre Bridge Stred Church Lan¢ashire BB5 4HU Trustees artd key management personnel The trustees who served during the year w¢re a5 follows.. Dr C Schmitgen (Chair) (resigned I" of July 2024) J G Cotton {Chairl L Hogan (resigned 1st of November 2024) Mrs J Tregartha BA Hons-PGCE (resigned 27 of April 2024) Mr J J Ashworth and Mrs J Srnith were appointed after the end of the financial year being reported on, but prior to the datc of these financial ststements. Accountants Ainsworths Limited Charter House Stansfield Strcct Nelson Lancashire B89 9XY
ACTION FOR DEMENTIA REPORT OF THE TRusfEES (CONTINUED) For the year ended 31, March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational status Action for Dementia was registered as a charilable incorporaled organisation (CIO) on I l November 2015 under the provision5 of thc Charities Act (Charity i)umber: 1164348) and is governed by a trust deed dated 3, July 2014. Organisation815tructure Thc Iloard Cli¢tlY ¢onsist5 of three trustee5 and 15 responsible for key policy decisions and the effective governance of the organisation overall. The day lo day riinning of the charity is undertaken by the trustee, J G Cotton. The Board me¢ts three timcs a year to discu55 th¢ directioii and progression of the charity, cspecially projects and how they are benefilting the coinmunity. All projects and events are organised and taken into the community by volunteers who report back to J G Cotton as the trustee running the operation on a regular basis. Recruitment and appoimtment fjf new board members Triistccs arc apBointrd to flect the skills r¢quired to 5UPPOrt the Board its rang¢ of activities. The trustees themselv appoint Lew trstee5 Éo ihe Board either through volunteers or people they h&ve Jnet while working in thc ¢om14ymity. Sirli rocruitnKnt 15 bwd on th¢ir individual skills and empathy for the subject the Board provides apptsiftt witb a full orientation on The services provided, th¢ decision-Inaking processes of the charity and the role5 alld responsibilities of a truste< including their legal obligations under applicable laws. Rigk mlageMeI The trustees have examined the major strategic, business 2nd operational Tisks whieh the ¢harity faces and ¢onfimi that systems have been established to ensure that regiilar reports are produced and that necessary steps can be taken to addrc55 any i&sucs aristng. OBJECTIVES AND ACTIVITIES The principat activities of Ihe charity 8re.' t6 8warene55 ofthe of dementia on afYec¢ed patients and their families and rers. to inTrprGve the care al quality of life for people livÉng with thmenti%and4hose who care for theTn. tOklacTr14tateimprtsved care tbroiigh enabling bett¢r and more specialis¢dtraining for Carers working with detneRlia. to work aFongskde other charities and organisation* to support the improvement of existing servic¢s or proje¢ls and to develop new sustainable seryiceund projects. lo support resear¢h into dementia related care and dewrlopment of treatm¢ntl¢are standards. Thc5c scrvices ar¢ off¢r¢d on a charitable basis by the provision of gTarits, moncy itcins or 5crvicfs. Public benefit In s¢tting out thc charity's objcctiV¢s and planning of aotivitlCS the triistecs have given ¢arcful consideration to the Charity Commission's general guidance and seciion 17(5) of the Charities Act 201 l. The trustees are confident that the charity offcrs services of real and practical use to the local population and thcrefore complies with the rc5ponsibility placed on all eharitie5 linder the Charities Act 2011 to demonsifdte a publÉc benefit.
ACTION FOR DEMENTIA REPORT OF THE TRUSTEES (CONTINUED) For the year ended 31, March 2024 ACHIEVEMENTS AND PERFORMANCE Since its founding in NoveTnber 2015 the charity's aim has been to ra15e awareness of dementia and surrounding issues and to build trust and credibility within the community. The charity was very pro-active in these aims and provided infomiation on the services. organisations, ¥roups and projects available to those 511ffcring from all stages of the coiidition. The charity became donnant for a time as the board of triistces changed but now has reformed and is eommitted to having a positive impact on thosc affected by dementia. FUTURE PLANS The charity intends to b¢¢ome active again following a p¢riod of domiancy to positively influence those affected by dementi& FINANCIAL REVIEW The attached ststement of fitfdncial activiti¢s shows how funds were rais and applied during the year. During the year ended 31" March 2024 incoining resources were £nil (2023.. £601). Resources expended amounted to £840 (2022.. £1,208). The net result for the y¢ar was a deficit of £840 (2022.. £6071 due to inactivity and only professional fees being ineurr¢d in the year. Reserves poliey It is the policy of the charity to maintain unrestricted funds, which are fre¢ rcscrves of the charity, al levels which eqiiate to an ¢xc¢ss of its projected needs for the forthcoming year, thereby providing sufficient funds to cov¢r management. administration and support Costs and enable the ongoing development of projects. Th¢ trustees believe th¢ net Sel position is sufficient lo satisfy such requirements although these levels of free res¢Tves are reviewed on a regular basis. Risk assessment The trustees review the major risks fa¢¢d by the charity during their r¢gular meetings and confimi there are systems in plac¢ to mitigate them. Internal riskg are miniEnis¢d by the segregation of duties and procedures forauthorisatÉon of all transactions. Aelow1edgements The triistees ivould like to express thanks to all the charity's volunl¢¢rs who have provided invaluable r¢50urces diiring this pcriod of activity.
ACTION FOR DEMENTIA REPORT OF THE TRUSTEES {CONTINUED) For the year ended 31" Mareh 2024 STATEMENT OF TRUSTEES? RESPONSIBILITIES Under charity law, the trustees are responsible for preparing th¢ Report of the Trustees and th¢ financial statements for each financial year which show a true and fair view of the state of affairs of the charity and of the excess of income over expenditure for that period. In preparing these financial statements, generally accepted accounting practice entails that the trustees.. Select suitable accounting polici¢s and thcn apply thcm oon5l5tcntly- observe the Tnethods and principles in the Charities SORP. Tnake jiidgements and estimates tbat are reasonable and prudent; state whether the recommendations of the Siatement of Recommended Practice have been followed, subject to any Inaterial departures disclosed and ¢xplain¢d in the financial 5tPLtcm¢nts' State ivhether the financial ststements comply with the trust deed, subject to any material departures disclosed and explained in the financial statements; and prepare the finaRcial statements on the going concem basis unless it is inappropriate to presume that the charity will Contin its lIvities. The trustees are required lo act in accordance with the trust dc¢d of thc charity, within the framework of trust law. They are responsible for keeptng proper accounting records, sufficient to disclose at any time, with reasonable accuraey. the financial position of the charity at th&ttime. and to enable them to ensure that, where any statements of accounts are preppLed by them under the CharitFes Act 2011 and the applicable Charity (Accounts and Reports) ReLFulations, those gtatemenls of accounts comply with the r4uirements of regulations under those provisions. The tnistees also have a general responsiblty for tsking such steps as are reasonably open to them to safeguard the assets of the charity and to prevent alld detect fraud and other irr¢gularities. The ttres are YespLinsible for the maimtenance and integrtty of the charity and financ1 inforniation included on the eharity's website. Charity requirements This report has been preFared iTr2ccordance with Fequirements set down by the Charli tes SORP IFRS IOZ). Signature.. Name: Justin Cotton Dit¢'. 2910112025
REPORT OF THE ACCOUNTANTS, TO THE TRUSTEES OF ACTION FOR DEMEIS'TIA For the year ended 31" March 2024 In accordance with our temis of cngagemenl w¢ have prepared for your approval the financial statements of Action for Dementia for th¢ year ended 31" March 2024 on pa¥cs 6 to 12 from tlic accounting re¢ords and froin infomalion and explanations you have given us. As a practising member firn] of the Institute of Chartered Accountants in England and Wales {ICAEW), we are subject to its ethical and other professional requirements wliich are detailed al icacw.com1membShandb00k. Tliis report is made solely to you, as trustc¢s, in accordance with our temis of engagement. Our work has been undertakcn solely to prepare for your approval Ihc financial staiements of Action for Demcntia and slate those matters that we have agreed to state to you in this report in a¢cordanee with ICAEW Tccl)nical Releasc TECH08116 AAF. To tlie fullest extent perniitted by law, wc do not accept or assume respinsibilily to anyone othcr tban yourselves for our work or for this report. You have approved the financial statements for the year endcd 31$t March 2024 and have acknowl¢dged your responsibility for them, for the appropriateness of th¢ financial reporting framework adopted and for providing all information and explanations necessary for their compilation. We have nol verified Ihc accuracy or complcteness of the a¢¢ounting rordS or information and explanations you have given us and we do not, therefore, express any opinion on the financial statements. Ainsworths Limited Cllartered Accountants Charter House Stansfield Str¢¢l Nelson BB9 9XY Dated.. 2qloil 202
ACTION FOR DEMENTIA STATEIMENT OF Fif*ANCIAL ACTIVITIES For the year ended 31" March 2024 Unrestrieted funds Restrl¢ted funds Notes 2024 2023 Income from: Donations Charitable activities Trading aetivities Total incoming resources 601 Expenditure on: Raising Funds Charitable activities 840 840 1.208 Total expenditure 840 840 1,208 Nel {outgoing)lincoming resources before other recogni5ed g#In{lO$se$) (840) (840} (607) Other recogniscd gain(lO$S¢s) Net movement in funds (840) {840) (607) Totol funds brought forward Total funds carried forward 99 2,559 All transactions relate to cOntung operations. There are no other recognised gains or losscs for thc ycar oih¢r than in the Statement of Financial Activities.
ACTION FOR DEMENTIA BALANCE SHEET As at 31, March 2024 Notes 2024 2023 Fixed assets Tangible a55ets Current a55ets Stocks Debtors Cash at bank and in hand Current liabilities Creditot5: Arnount5 falling due within onc year 3,399 Current assets less current liabilitie5 3J99 Net assets 3,399 Funds Restricted Unrestri¢led 3,399 2,559 3,399 2,559 2910112025 These financial statement5 were approved by the Board of Trustees on behalf by.. and signed on its Signatiire: Name: Justin Cotton
ACTION FOR DEMENTIA NOTES TO THE FINANCIAL STATEMENTS For the year ended 31, Mareh 2024 ACCOUNTING POLICIES Statutory information Action for Dem¢ntia i5 a charitable incorporatcd organisation (CIO) registered with the Charity Commission in England. The registered charity number and address can be found in the Report of thc Triist¢cs on page l. Ba515 of preparation The financial statements hivc been pr¢parcd in aecordanee with th¢ Statcmcnt of RecomTncnded Practice.. Accounting and Reporting by Charities preparingj their accounts in accoidance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 issued on 16, July 2014 and the Financial Reporting Standard applicabl¢ in the United Kingdom and Republic of Ircland (FRS 102) and the Charities Act 2011 and United Kingdom Generally Accepted Practice as it applies from I" January 2019. The financial stat¢m¢nts have bccn prepared to givc a 'true and fair view, and have departed from the Charities (Accounts and Reports) ReLiiilations 2008 Only to the extent required to PTovid¢ a 'triie and fair view,. Thi5 departUTe ha5 involved following Accounting and Reporting by Charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) issued on 16, July 2014 rather than the Accounting and Reporting by Charities.. Statement of Rttommcnded Pra¢li¢¢ effe¢tive froin I" April 2005 ivhich ha5 Since been withdrawn. Action for Dementia meets the definition of a public benefii entity under FRS 102. Assets and liabilities are initially rccognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). Cash flow The charity isexempt froEn the r4uirernent tfrprepare a cash flow statement as IÉ qualifies as a small entity. Incoming resources All incoining r¢sources are included on the Statement of Financial Activities when the charity is legally entitled io the income and th¢ amount can b¢ quantifi¢d with r¢a50nabl¢ awuracy. In¢omc from donations, l¢gacics, fundraising and Similar incoJning rcsources arc included in the period in which they are receivable. Any income received for sp¢cific pu]PQ5c is accounted for a5 r¢5trictcd fund5 whcn rcceivabl¢.
ACTION FOR DEMENTIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31" March 2024 ACCOUNTING POLICIES {Continued) Expenditure Expenditiire is accounted for on an aeeru21s basis (inclusive of attributable valiie added tax whi¢h cannot be recovered) and has been c}s1f1ed under the principal categFori¢5 r¢latcd to the cost. Costs allocated to activities in the fiirtherance of the Charity's objects are those directly associated with achieving the charity'5 goa15. Support costs are those incurred in connection with the manageinent of the comyany's assets, organisational adininistration and compliance with constitLltional and statutory rcquir¢in¢n15. Where costs cannot be directly atlribiited to particular h¢adings they have been allocated to activities on a basis eonsistent with the us¢ of resources. Fund aeeountlng Unrestricted ndS are available for llse at th¢ discrction of the trustees in the furtherance of the gencral activities of the Charity. Surplus funds can be allocated to restricted proj¢¢ts if the trustee5 believe they are required. Restricted funds are funds subjeet tts specific restriction imposed by the donors forthe purpose of any appeal in which the funds are raised and can only be iised for particular PUTPOSe within the objects of the ch8rity. Fixed assets D¢pr¢ciation is provided at the following rates in order to write off each asset over its estimated useful life: Website Fixtures, fittings and office equipment 200/0 on cost 20 % on cost Taxation The company is a registered charity and is therefore exempt from Income Tax and Corporation Tax under the provisions of Section 505(1) of the Income and Corporation Taxes Act 1988.
ACTION FOR DEMENTIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year cndcd 31, March 2024 INCOME FROM DONATIONS 2024 2023 Donations Fundraising collections 601 601 EXPENDITURE ON CHAIUTABLE ACTIVITIES Unrestricted Restricted 2024 2023 Donations Events and festival expenses Promotiona] expenses Premises expenses and rent Telephone Travelling expenses Postage, Printing and Stationery Rcpairs and renewals Training costs Accountancy Professional fees Siindry expenses Depreciation Int¢r¢st 175 626 840 342 54 840 840 1,208 STAFF COSTS The charity has no employ¢¢s and th¢ trust¢¢s hav¢ rc¢civ¢d n¢iih¢r r¢mun¢ration nor TCiTnburseTnent of expenses during the year. 10
ACTION FOR DEMENTIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For the year ended 31, March 2024 TANGIBLE FIXED ASSETS Fixtures and fittings Web51te Total Cost: At I" April 2023 and 3151 March 2024 987 828 lJ15 Depreciation: At I, April 202) Charge for the year At J I, March 2024 987 828 1,815 987 828 1,815 Net book value: At 31, March 2024 At J I, March 202J DEBTORS 2024 2023 Loan to J Cotton, trustee CREDITORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR 2024 202) Bank ovcrdraft Trade creditors Loan from J Cotton. Iriistee Loan from Dr C Schinitgen, trustee Accruals 1022 191 lJ86 1,500 982 3J99 li
ACTION FOR DEMENTIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) For Éhe yeai. ended 31, Mareh 2024 SUMMARY OF FUNDS Analysis of assets and liabilities between fiinds.. Unrestricted funds Restricted funds 2024 2024 Total funds 2024 Fixed assets cl1rt assets Ciirrent liabilities (3,399) {3J99) 3,399 JJ99 Movement in funds Total funds 2024 Unrestrieted funds Restrieted funds Balance brought forward Net in¢oining(outgoing) resources (2,559) (8411) (2559) (840} Balance carried forward 3,399 99 RELATED PARTY TRANSACTIONS There wrre no Felated party traNsacÈiongduring the Cllrrent nor previous reporting period. 12