Charity number.. 1185367 MEMORY MATTERS FOUNDATION REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024
Charity number.. 1185367 MEMORY MATTERS FOUNDATION FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 CONTENTS Page Report of the trustees Independent examiner's report Statement of financial aciivilies Balance sheet Notes to ihe financial statements 8-10
Charily numbei.. 1185367 MEMORY MATTERS FOUNDATION FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 REPORT OF THE TRLISTEES The Trustees present their report and the charity accounts for ihe period ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effeuive l January 20191. Memory Matters Foundation is 8 Charitable Incoiporated Organisation (CIO) governed according lo the Constitution dated 18 September 2019. REFERENCE AND ADMINISTRATIVE DETAILS FOR THE CHARITY. ITS TRUSTEES AND ADVISERS Charrty name.. The charity is known by the name'memory Matters Foundation. Charity Number. 1185367 The trijstees at the date of approval of this report and those who served during the period were.. Hilary Cragg Greg Lumley Graham Arthui Charles Knapman Paul Kennelly William Mclean (resigned 31101120241 Ashley Smith Principal address: Moments Café 69a New George Street Plymouth PLI IRJ Independent Examlner. M8rtin Caru8na Beverslon Accountants Ltd 3 Stoke Damerel Business Centre 5 Church Street Plymouth PL3 4DT
Charity numbw.. 1185367 MEMORY MATTERS FOUNDATION FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 REPORT OF THE TRUSTEES STATUS, GOVERNANCE AND MANAGEMENT Governing document The charity is governed by its constitulion. dated 18 September 2019. Recrultment and appolntment of new trustees No new trusiees were appoinied during this lime. New trustees can be appoinied by a resolution passed al a meeting of charity trustees. In selecting individuals for appointment as charrty trustees, the charity truslees musl have regaid lo the skills. knowledge and experience needed for the effective administration of the CIO. New trustees are indvcted into the workings of the charily during meeiings held on a regulai basis. Organlsational structure The chaiity is a Charitable Incorporated Organisation. Overall responsibility for the management of ihe charity is vested in the Trustees. Memory Matters CIC Finance Manager Vannessa Jones manages the charity. The charity holds tiustee meetings throughoul the period, which are organised by the Trustees lo continue with the work necessary to maintain the charity's objectives. All irustees give their time freely and no t[Uee remuner81ion was p8id in ihe period. Rlsk management The trusiees have a duty to identify and review the risks to which the charity is exposed and io ensure appropriate conirols are in place io provide reasonable assurance against fraud and error. The trustees aclively review the major risks faced by the chaiity on a regulai basis. During this period, risk management issues were focused on the increase of footfall to the dementia information and advice Hub. All the challenges we¥e addiessed and overcome with a view to minimising the impact on the delivery of information and advice services and ensuring beneficiaries are linked to all her available services. This included incieasing capacity by securing further consultancytime to enhancethe advice service. The Board is confident that the charity is in a fit state and can move lowards growth and continue supporting Memory Matters CIC and Moments Café over the upcoming years. OBJECTIVES AND ACTIVITIES The Memory Matters Foundation was established wilh ihe aim of supporting those affeed by Dementia and other long-teim eonditions. To provide relief to those affethed by dementia and oiher long-ierm and chronic health conditions by the provision of advice, support and education and raising public awareness of such health conditions. All funds raised enable the charity to support those issues as needed by those affected. The charity is supported by ihe team that runs Memory Matters CIC and Moments Café in the souihwest and was sel up to enable a transparent fundraising path to build on the community s needs. The charily is a separate entity from Memo¥y Matters CIC and Moments Cafe and is governed by trustees under the guidance of the Charities Commission,. they do, however, work cooperatively together, albeit with separate roles and responsibilities.
Charity numbei.. 1185367 MEMORY MATTERS FOUNDATION FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 REPORT OF THE TRUSTEES ACHIEVEMENT AND PERFORMANCE The trustees met a total of three times during this oper81ional period.. Advice and support with dementia - this year, we supported 684 people affected by dementia with aévice. support. advocacy and signposting. Memory Matiers CIC secured the services of The Foundation to increase the support provided to help triage And support those people who are On ihe waiting list for a dementia diagnosis. WÈiting lists In Plymouth are long and people on the list are not able to access dementia services which is where the dementia Hub are now providing an additional service to help by feferring to oiher community services. providing access to Memory Maiters cognitive Stimulation Theiapy and peer support groups, assessment planning and G.P referrals. There are curiently 2 Memory Cafes running weekly which currently see attendance by around 30 people per cafe. The Memory Cafes are fully self-funding and have raised addiiional funds via a summer fair and various raffles to allow for Oulings and outside entertainment to attend the cafes. The Foundation supported the provision of Cognitive Stimulation Therapy in rural areas by donating £1.000 to an independent group. In June 2023 the Foundation ieceived a significant donation of £40,ODO from Memory Matters CIC to ensure il is able to continue lo fund the free to access dementia information, advice and support provided by ihe Hub. FINANCIAL REVIEW Memory Matters Foundation continues to use the services of Memory Matters CIC Finance Manager for one day a week to oversee the finance processes and payments. Policies and processes for receiving donations to the charrty were reviewed during this period. All transactions and accounts are processed through Xero accounting software and have continued the services of Beverston Accountants lo oversee the period end and reconcile ihe accounts. The Foundation utilised the reserve broughi foiwaid and donaiions received io cover the expendilure in the period. At the year end, a surplus was carried forward, and together with donations received post year end, significant funds are available lo support the charity's objectives for the next year. Our profile is on Jusi Givlng and easyfundiaising to allow online donations and regular giving.
Charity number.. l 185367 MEMORY MATTERS FOUNDATION FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 REPORT OF THE TRUSTEES Grant5 One grant was awarded lo the Foundation dL¢ring this operating period. This was a one off don*ion of £1 0,000 from Dementia Research UK io help towards the provision of the demeniia advice and support services. Reserves pollcy Generally, it is considered prudent to maintain a level of usable reserves sufficient to covei unexpected and unplanned events so thai the charity s primary objective is preserved. Al the same time, the Truslees wish to ensure that it uses its funding lo benefit ihe community. Investment policy and objectives Aside from retaining a prudeni amounl in reserves eaeh year, mosi of the charity s funds are spent in the short term. so few funds are available foT long-le¥m inveslment. Investment may be an option in futuie years, but the Irustees believe the charity's money must remain available and easily accessible should unforeseen expenses afise. FUTURE DEVELOPMENTS The Charity intends to recTUIt a paid Fundraiserto work with building relationships with the local community and businesses. It is hoped that this will be a 4 day a week posrtion thal will be live within the next 6 months. and signed on its behalf by.. Hmary Cragg Chair
Chaiity number.. l 185367 MEMORY MATTERS FOUNDATION FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report to ihe charity trustees on my examination of the accounts of the charity for the period ending 31 March 2024 as sel out on pages 6 10 10. Responslbllltles and basls of report As the charity's 1rUee$, you afe responsible for the prepafation of the accounts in accordance with the requirements of the Charities Acl 2011 (the Act,). Having satisfied myself that the accounts are eligible for independent examination, I report in respect of my ex8minalion of your charity's accounis as carried out under section 145 of the Charities Act 2011 ('Yhe 201 l Act"). In carrying out my ex8minaiion, I have followed the Directions given by the Charity Commission (under section 145151(bl of the 2011 Acl). My role is to state whethei any maierial mterS have come to my attention. giving me cause to believe.. 1. that accounting records were noi kept as required by section 130 of the Act,. 01 2. that the accounts do not accord with those recoTds or 3. that the accounts do not comply with the accounting requirements of the Act,. or 4. that there is further information needed for a propel understanding of ihe accounts. Independent examinerfs stslemenl I have completed my examination and have no concerns regarding matters (11 to (4) listed above, and, in connection with following the Directions of ihe Charily Commission, I have found no matters that require drawin9fo your tention. Mlfiin Cawana FMAAT Beverston Accountsnts Ltd 3 Stoke Damerel Business Centre 5 Church Street Plymouth PL3 4DT Date.. ,11,./y
Charity number-. l 185367 MEMORY MATTERS FOUNDATION FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 STATEMENT OF FINANCIAL ACTIVITIES TOTAL INCOMING RESOURCES 58.7 58 58.158 12,201 RESOURCES EXPENDED Cost of charitable activilies Governance costs TOTAL RESOURCES EXPENDED 27,985 1.056 29,041 28,045 996 29,041 23.425 900 24,325 INCOMEIEXPENDITURE 29.117 29.117 12.124 TrANSFERS BETWEEN FUNDS NET MOVEMENT IN FUNDS 29,117 29.117 112,124) RECONCILIATION OF FUNDS- FUNDS BROUGHT FOR WARD FUNDS CARRIED FORWARDS 19,568 48,685 19,568 48.685 31,692 19,568
Charily number.. l 185367 MEMORY mAERs FOUNDATION FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 STATEMENT OF FINANCIAL POSITION 2024 Flxed assets Plant and equipment 1,634 2,422 Current as$et$ Cash at bank and in hand 40.775 18,D46 Creditors- amounts falling due withln one year Nel current as$et$ 2,724 38.051 900 17.146 Net assets 39,685 19,568 Funds Unrestricted funds Restricted funds 39,685 19,568 39,685 19,568 The finan its beha and wefe signed on Hilaiy Cragg Chaii
Charity number.. l 185367 MEMORY MATTERS FOUNDATION FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS Note 1- ACCOUNTING POLICIES Accounting convention The financial statements of the CIO, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended pralee applicable lo charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in ihe UK and Republic of Ireland IFRS 1021 {effective l Januafy 2015),, Financial Reporting Standard FRS 102 'The Financial Reporting Standard applicable in ihe UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Incoming resources All charity income is recognised in ihe Statement of Financial Aclivities. Once the charity has entitlement to the funds, it is probable that the income will be received and ihe amount can be measured reliably. Incoming resources fiom grarrts related to performance and specific deliverables are accounted for as the chaiity earns the right to consideration for its performance. Other grants, where entitlement is not conditional on the charity's delivery of a specific performance, are recognised when the charrty becomes unconditionally entitled to the grant. Incoming resources from other charitable activities are accounled for when earned. Resources expended Expenditure is accounied foi on an accrual basis and has been classified under headings ihai aggregate all costs related to the category. Where costs cannot be directly attributed io particular headirigs, they have been allocated to activities on a basis consisterbl with ihe use of resources. Taxatlon The charity is exempt from tax on lis charitable activilies. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discrelion of the trustees. There are no iestrieted funds. Resiricied funds can only be used for particular restiicted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Chaiity number.. 1185367 MEMORY MATTERS FOUNDATION FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS Nole 2- ANALYSIS OF INCOME 02 12,201 Donalions Grant income 48,158 10,000 58,158 48,158 10,000 12.201 Note 3 - ANALYSIS OF EXPENDITURE DIRECT CHARITABLE EXPENDITURE Room hire Consultants and development workers Hub resources 4,896 13,130 4,896 13,130 6510 9.515 1,429 17,454 18,026 18,026 SUPPORT COSTS Totaj 2oza 1.750 216 2,569 396 Office SLJPPOrt costs Just Giving subscription Bookkeeping and finance management Software costs MarkIng Depreciation Other costs Charitable Donations 7.283 216 7,283 216 418 254 788 418 254 788 788 252 1,000 9.959 1,000 9,959 5,971 27.985 27,985 23.425 Note 4 - GOVERNANCE COSTS Independent examinw's fee 1,056 1,056 900 900 Note 5 - TRUSTEES REMUNERATION AND EXPENSES The trustees neiiher received nor waived any emoluments or expenses during the period (2023.. NIL).
Charity number.. 1185367 MEMORY MAThERS FOUNDATION FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2024 NOTES TO THE FINANCIAL STATEMENTS Note 6 - FIXED ASSETS Plant and equipment COST Brought forward Additions Carried forward 3,210 3,210 DEPRECIATION Brought fofward Charge for the year Carried forward 788 788 1,756 BOOK VALUE Brought forward Carried forward 2,422 1,454 Note 7 - CREDITORS DUE WITHIN ONE YEAR Accruals 2,724 2.724 900 900 Note 8 - ANALYSIS OF NET ASSETS BETWEEN FUNDS Fixed assets Cash at bank and in hand Credrtors due within one yeai 1,634 40,775 2.724 39.685 1.454 40,774 2,724 39,504 io