REGISTERED CHARITY NUMBER: 1171003
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
for
Dementia Friendly Keighley
Stirk Lambert & Co Chartered Accountants Russell Chambers 61a North Street Keighley West Yorkshire BD21 3DS
Dementia Friendly Keighley
Contents of the Financial Statements for the Year Ended 31 March 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
Dementia Friendly Keighley
Report of the Trustees for the Year Ended 31 March 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The advancement of health (including the relief of sickness) for the public benefit, in particular, but not limited to: i) providing support to persons living with dementia, their families and carers, including by providing advice and support; ii) making the views and experiences of persons living with dementia known to health and social care providers; iii) providing information about dementia and other related problems arising from ageing, illness or disease.
Public benefit
In settling our objectives and planning our activities our trustees have given serious consideration to the Charity Commission's general guidance on public benefit and in particular the advancement of health.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the 2022/2023 year the charity has carried out some of the below objects among other things:
-
Providing activities for people with dementia.
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Cooperating with other voluntary organisations and statutory bodies in the provision of services for those suffering from dementia, their families and carers.
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Encouraged local businesses and organisations to be aware of the needs of, and to make their services as friendly as possible for, those with dementia.
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Seeking to ensure that services in the area of dementia are known by and accessible to people in the BAME community.
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Working with local doctors to make the process of contact and diagnosis as smooth as possible.
FINANCIAL REVIEW
Financial review
The net receipts for the year were £-36,209, including net receipts of £10,281 on unrestricted funds and net receipts of £-46,490 on restricted funds after transfers.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £84,344.
It is our aim to maintain a reserve of sufficient funds to enable DFK to exist for a period not less than three months and no more than 6 months (between £29,500 and £59,000 based on budgeted 2022/2023 expenditure), to enable the development of alternative funding streams.
The treasurer will report to the Board of Trustees if any time that he considers the level of reserves needs to be adjusted to meet this policy.
Rationale
The policy is designed to meet the following objectives:
-To provide continuity of activities in the event of a large variation in income (e.g. a large funder pulling out unexpectedly). -To deal with emergencies (e.g. a major unexpected repair).
-
-To deal with short-term fluctuations in cash-flow (e.g. a funder who pays in arrears).
-
-To be able to develop new projects and grasp new opportunities as they arise.
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-To enable the charity to close down in an orderly manner if this should prove necessary.
Page 1
Dementia Friendly Keighley
Report of the Trustees for the Year Ended 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO) formed on 5 January 2017 and governed according to its constitution.
Recruitment and appointment of new trustees
The trustees of the charity are appointed by a resolution passed at a properly convened meeting of the charity trustees.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1171003
Principal address 6 College Walk Airedale Shopping Centre Keighley West Yorkshire BD21 3PH
Trustees
P J Waddington Mrs C M Highley A H Barker H Bradley (appointed 16.5.23) L Maunsel (appointed 13.4.22) (resigned 19.11.22) A Briggs (resigned 11.5.23)
Independent Examiner
Helen Louise Barritt FMAAT Stirk Lambert & Co Chartered Accountants Russell Chambers 61a North Street Keighley West Yorkshire BD21 3DS
Approved by order of the board of trustees on 13 October 2023 and signed on its behalf by:
Mrs C M Highley - Trustee
Page 2
Independent Examiner's Report to the Trustees of Dementia Friendly Keighley
Independent examiner's report to the trustees of Dementia Friendly Keighley
I report to the charity trustees on my examination of the accounts of Dementia Friendly Keighley (the Trust) for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the 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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts 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.
Helen Louise Barritt FMAAT
Stirk Lambert & Co Chartered Accountants Russell Chambers 61a North Street Keighley West Yorkshire BD21 3DS
13 October 2023
Page 3
Dementia Friendly Keighley
Statement of Financial Activities for the Year Ended 31 March 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 45,181 Other trading activities 2 577 Total 45,758 EXPENDITURE ON Raising funds 3 29,712 Charitable activities Other 7,959 Total 37,671 NET INCOME/(EXPENDITURE) 8,087 Transfers between funds 6 2,194 Net movement in funds 10,281 RECONCILIATION OF FUNDS Total funds brought forward 74,063 TOTAL FUNDS CARRIED FORWARD 84,344 |
Restricted funds £ 29,848 - 29,848 64,878 9,266 74,144 (44,296) (2,194) (46,490) 66,583 20,093 |
31.3.23 Total funds £ 75,029 577 75,606 94,590 17,225 111,815 (36,209) - (36,209) 140,646 104,437 |
31.3.22 Total funds £ 153,159 1,696 |
|---|---|---|---|
| 154,855 | |||
| 96,985 34,343 |
|||
| 131,328 | |||
| 23,527 - |
|||
| 23,527 117,119 |
|||
| 140,646 |
The notes form part of these financial statements
Page 4
Dementia Friendly Keighley
Balance Sheet 31 March 2023
| Unrestricted fund Notes £ CURRENT ASSETS Cash at bank and in hand 84,345 NET CURRENT ASSETS 84,345 TOTAL ASSETS LESS CURRENT LIABILITIES 84,345 NET ASSETS 84,345 FUNDS 6 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 20,092 20,092 20,092 20,092 |
31.3.23 Total funds £ 104,437 104,437 104,437 104,437 84,345 20,092 104,437 |
31.3.22 Total funds £ 140,646 |
|---|---|---|---|
| 140,646 | |||
| 140,646 | |||
| 140,646 | |||
| 74,063 66,583 |
|||
| 140,646 |
The financial statements were approved by the Board of Trustees and authorised for issue on 13 October 2023 and were signed on its behalf by:
C M Highley - Trustee
The notes form part of these financial statements
Page 5
Dementia Friendly Keighley
Notes to the Financial Statements for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The trustees have taken advantage of section 133 of The Charities Act 2011 and have prepared the accounts on a receipts and payments basis.
There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. OTHER TRADING ACTIVITIES
| 31.3.23 | 31.3.22 | |
|---|---|---|
| £ | £ | |
| Fundraising events | 577 | 1,696 |
Page 6
continued...
Dementia Friendly Keighley
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
3. RAISING FUNDS
Investment management costs
| 31.3.23 | 31.3.22 | |
|---|---|---|
| £ | £ | |
| Administrative expenses | 2,640 | 3,647 |
| Property repairs | 15,013 | 3,976 |
| 17,653 | 7,623 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 80,333 Other trading activities 1,696 Total 82,029 EXPENDITURE ON Raising funds 32,539 Charitable activities Other 8,743 Total 41,282 NET INCOME/(EXPENDITURE) 40,747 Transfers between funds (3,392) Net movement in funds 37,355 RECONCILIATION OF FUNDS Total funds brought forward 36,708 TOTAL FUNDS CARRIED FORWARD 74,063 |
Restricted funds £ 72,826 - 72,826 64,446 25,600 90,046 (17,220) 3,392 (13,828) 80,411 66,583 |
Total funds £ 153,159 1,696 |
|---|---|---|
| 154,855 | ||
| 96,985 34,343 |
||
| 131,328 | ||
| 23,527 - |
||
| 23,527 117,119 |
||
| 140,646 |
continued...
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Dementia Friendly Keighley
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
6. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds BAME Project BDCT Winter Relief BDMC Covid Relief BDMC Video Coop Sir George Martin Trust Health and Inequilities BDMC Community Chest BDMC Business Support Grant W.G. Edwards Foundation Diagnostic Pathway Support NLCF Changing Space Bradford Community Buildings TOTAL FUNDS |
At 1.4.22 £ 74,063 1,857 1,196 6,943 100 1,846 350 23,800 480 10,920 1,408 8,000 9,683 - 66,583 140,646 |
Net movement in funds £ 8,088 - (900) (6,943) - - - (6,393) (283) (10,880) (1,408) (8,000) (9,683) 193 (44,297) (36,209) |
Transfers between funds £ 2,194 (1,857) - - (100) - - - (197) (40) - - - - (2,194) - |
At 31.3.23 £ 84,345 - 296 - - 1,846 350 17,407 - - - - - 193 |
|---|---|---|---|---|
| 20,092 | ||||
| 104,437 |
continued...
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Dementia Friendly Keighley
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
6. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds BDCT Winter Relief BDMC Covid Relief Health and Inequilities BDMC Community Chest BDMC Business Support Grant W.G. Edwards Foundation Diagnostic Pathway Support NLCF Changing Space Warm Places Jubilee BDMC Bradford Community Buildings TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds General restricted fund TOTAL FUNDS |
At 1.4.21 £ 36,708 80,411 117,119 |
Incoming resources £ 45,758 - - 24,998 - - - - - 1,000 250 3,600 29,848 75,606 Net movement in funds £ 40,747 (17,220) 23,527 |
Resources Movement expended in funds £ £ (37,670) 8,088 (900) (900) (6,943) (6,943) (31,391) (6,393) (283) (283) (10,880) (10,880) (1,408) (1,408) (8,000) (8,000) (9,683) (9,683) (1,000) - (250) - (3,407) 193 (74,145) (44,297) (111,815) (36,209) Transfers between At funds 31.3.22 £ £ (3,392) 74,063 3,392 66,583 - 140,646 |
|---|---|---|---|
continued...
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Dementia Friendly Keighley
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
6. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds General restricted fund TOTAL FUNDS |
Incoming resources £ 82,029 72,826 154,855 |
Resources Movement expended in funds £ £ (41,282) 40,747 (90,046) (17,220) (131,328) 23,527 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds General restricted fund BAME Project BDCT Winter Relief BDMC Covid Relief BDMC Video Health and Inequilities BDMC Community Chest BDMC Business Support Grant W.G. Edwards Foundation Diagnostic Pathway Support NLCF Changing Space Bradford Community Buildings TOTAL FUNDS |
At 1.4.21 £ 36,708 80,411 - - - - - - - - - - - 80,411 117,119 |
Net movement in funds £ 48,835 (17,220) - (900) (6,943) - (6,393) (283) (10,880) (1,408) (8,000) (9,683) 193 (61,517) (12,682) |
Transfers between funds £ (1,198) 3,392 (1,857) - - (100) - (197) (40) - - - - 1,198 - |
At 31.3.23 £ 84,345 66,583 (1,857) (900) (6,943) (100) (6,393) (480) (10,920) (1,408) (8,000) (9,683) 193 20,092 104,437 |
|---|---|---|---|---|
continued...
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Dementia Friendly Keighley
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
6. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds General restricted fund BDCT Winter Relief BDMC Covid Relief Health and Inequilities BDMC Community Chest BDMC Business Support Grant W.G. Edwards Foundation Diagnostic Pathway Support NLCF Changing Space Warm Places Jubilee BDMC Bradford Community Buildings TOTAL FUNDS |
Incoming resources £ 127,787 72,826 - - 24,998 - - - - - 1,000 250 3,600 102,674 230,461 |
Resources Movement expended in funds £ £ (78,952) 48,835 (90,046) (17,220) (900) (900) (6,943) (6,943) (31,391) (6,393) (283) (283) (10,880) (10,880) (1,408) (1,408) (8,000) (8,000) (9,683) (9,683) (1,000) - (250) - (3,407) 193 (164,191) (61,517) (243,143) (12,682) |
|---|---|---|
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
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Dementia Friendly Keighley
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| 31.3.23 | 31.3.22 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 52,561 | 105,962 |
| Contracts and commissions | 22,468 | 45,581 |
| Other income | - | 1,616 |
| 75,029 | 153,159 | |
| Other trading activities | ||
| Fundraising events | 577 | 1,696 |
| Total incoming resources | 75,606 | 154,855 |
| EXPENDITURE | ||
| Other trading activities | ||
| Running costs | 571 | 121 |
| Wages | 76,366 | 89,241 |
| 76,937 | 89,362 | |
| Investment management costs | ||
| Administrative expenses | 2,640 | 3,647 |
| Property repairs | 15,013 | 3,976 |
| 17,653 | 7,623 | |
| Charitable activities | ||
| Rent and venue hire | 9,649 | 3,464 |
| Rates and water | 1,274 | 4,490 |
| Insurance | 841 | 665 |
| Telephone | 2,231 | 1,035 |
| Freelance fees | - | 19,384 |
| Advertising | 1,838 | 422 |
| Sundries | 552 | 4,883 |
| 16,385 | 34,343 | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 840 | - |
| Total resources expended | 111,815 | 131,328 |
| Net (expenditure)/income | (36,209) | 23,527 |
This page does not form part of the statutory financial statements
Page 12