2022-06-30-accounts - Memories Are Golden

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

DocuSign Envelope ID: D74631CB-31F6-49D7-8FE1-6EA05F3A20D8DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Memories Are Golden

Governing Document: Foundation’ Model Constitution

Charity Number: 1195018

TRUSTEES’ REPORT FOR THE YEAR ENDED 30[th] JUNE 2022

Structure, Governance and Management

Governing Document Charity Description

To promote social inclusion for public benefit for those affected by dementia and at risk of social isolation in Haverhill and the surrounding area through the provision of a community hub that provides facilities in the interest of social welfare

Recruitment and Appointment of Trustees

The trustees Damian Howard, Tracy Faulkner and Jade Donno held office throughout the year. The charity aims to recruit trustees with a wide range of business and sector experience which will benefit the charity in the next year, Over the next twelve months the charity will be actively seeking a new trustee

Trustee Induction and Training

We have just completed Memories are Golden first year and have employed the services of Castleview Charitable Services to ensure we are fully compliant with our charitable responsibilities. We have also all considered and referred to the Charity Commission guidance notes CC3 “The Essential Trustee”.

Any future trustees will be provided with:

The charities governing document
The latest accounts of the charity
Details of Charity Commission guidance notes CC3 - “The Essential Trustees”
Access to all past board minutes and any relevant policies and procedures

Organisational Structure

Memories Are Golden has a strong structure to help support its attendees. To provide the day to day needs, we sub-contract to a local regulated and registered care provider to ensure that all attendees are supported by trained and qualified staff. We have a pool of additional team members that are volunteers, that we can call upon as and when required. Trustees meet monthly and are responsible for the governance of the charity. We have under appointment a Charity manager who is responsible for the day to day running of the charity. The charity manager attends all meetings and provides connection between the trustees and attendees and the community.

Risk Review

The trustees have conducted a review of the risks to which the charity is exposed, and systems have been established to mitigate those risks.

DocuSign Envelope ID: D74631CB-31F6-49D7-8FE1-6EA05F3A20D8DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

We wish to highlight a major risk exists. The location of our existing hub has been compromised and at this moment in time will not be available post 2023. All trustees and managers are aware of this threat and are working hard to find alternative premises.

Objectives and activities

Mission Statement

Memories Are Golden was set up in 2021 to provide a safe space and environment for individuals living with dementia and at risk of social isolation. The Charity provides a hub to promote care, support, social engagement, and entertainment for all attendees.

Primary Objectives

To provide a safe space for those individuals living with dementia and at risk of social isolation.
To provide support for unpaid family carers of attendees.
To provide a community for attendees
To provide person-centered activities as well as entertainment, outings, and events to improve their quality of life.
To provide attendees with a hot nutritional meal when attending.

Memories Are Golden aims to promote public benefit by tackling the issues outlined below:

Reduce loneliness and isolation in our community.
Provide appropriate care for those in need.
Improve quality of life for individuals living with dementia.
Give support to families caring for their loved ones.

Achievements and Performance

Introduction to the year

Over the last year Memories Are Golden has delivered an extremely valuable service to those living with dementia and individuals at risk of social isolation.

Initially the hub was open three days a week, due to demand this quickly progress to four days a week. Memories Are Golden is open 9:30am – 2:00pm Monday to Thursday.

Memories Are Golden also arrange outings and events for the service users. Within this year we have provided trips to the beach, theatre, and tea rooms. These outings improve quality of life and reduce the risk of social isolation for our service users.

Memories are Golden has also provided a wide range of activities that have been set according to the attendee’s abilities and interest which include baking, games, puzzles, crafts, bingo, darts, bowling, snooker and more.

During the year Memories Are Golden ensured that any special holidays and/or birthdays were celebrated. These included a Christmas celebration and a mini street party for the Queens jubilee and a balloon release which resulted in our balloon landing in Belgium

Memories are Golden have also raised funds this year to enable us to purchase Sensory tables, promote events and activities within the local community.

DocuSign Envelope ID: D74631CB-31F6-49D7-8FE1-6EA05F3A20D8DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Memories are Golden have also conducted a marketing strategy this year to produce its own website and brochures to raise our local profile and to highlight benefit and services of the hub.

Having a safe space for those in need has also allowed families and caregivers to have some rest and support. A community for both the attendees and their family carers has been developed over the past year and we hope for this to continue to grow.

Plans for the Future

Friday Vibes

On a Friday Memories Are Golden will be providing a social morning 09:30-12:00 allowing further respite to family carers. The objective is to provide an opportunity for attendee’s families to meet additional support services from organisations who will deliver talks and workshops providing information, advice, and guidance. MAG has received funding to pilot this free of charge until June 2023.

New Premises

Memories Are Golden are actively seeking funding for new premises that will continue to meet the requirements of the service users with the objective of growing larger and providing additional facilities and efficiencies.

Outings

Memories Are Golden continue to build on the success of this year’s outings provide outings, we plan to expand on the popular trips and are constantly viewing additional options.

Hub events and activities

Memories are Golden will continue to provide events and activities. Special events will be celebrated, and these will include the Kings Coronation in June 2023.

Financial Review

Overview

As of the 30[th ] June 2022 Memories Are Golden’s income amounted to £152,371. After incurring costs of £111,699 the net credit balance for the year amounted to £40,672. The trustees consider the year-end financial position to be satisfactory.

Principal Funding Sources

The principal funding sources for the charity are grants to enable it to meet its charitable aims. During the year, these grants were received predominantly from The Simpson Fund, Simpson Fund, Pargiter Trust Fund, Community Chest, Community Support Grant, and Havebury Community

Reserves Policy

DocuSign Envelope ID: D74631CB-31F6-49D7-8FE1-6EA05F3A20D8DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

The charity is actively seeking funding for its ongoing work for the coming year. The main expenditure incurred by the charity is in relation to wages and subcontractors The objective of the Trustees is to build a reserve to cover 3-6 months running costs. This amounts to £30,000 as a minimum.

Free reserves on 30[th] June 2022 amount to £31,230

Restricted funds are held in accordance with the terms of use for each grant and project.

Independent Examiner

Paradox Business Consultancy Limited have been appointed as independent examiner.

Signed by

Damian Howard Tracy Faulkner Chair Treasurer Sectary

Jade Donno

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Charity Number: 1195018

Memories Are Golden

Financial Statements

For The Year Ended 30 June 2022

Memories Are Golden Unity Schools Partnership Park Road HAVERHILL Suffolk CB9 7YD

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Memories are Golden	Memories are Golden	Memories are Golden	Charity No	1195018
Annual accounts for the period
Period start date	01/07/2021	To	Period end date	30/06/2022

Section A Statement of financial activities

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
31,024	-	-	31,024	-
81,989	39,358	-	121,347	-
-	-	-	-	-
-	-		-	-
-	-	-	-	-
-	-	-	-	-
113,013	39,358	-	152,371	-

348	-	-	348	-
74,858	28,648	-	103,506	-
-	-	-	-	-
6,577	1,268	-	7,845	-
81,783	29,916	-	111,699	-

31,230	9,442	-	40,672	-
-	-	-	-	-
31,230	9,442	-	40,672	-
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
31,230	9,442	-	40,672	-

-	-	-	-	-
31,230	9,442	-	40,672	-

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04
-	2,875	-	2,875	-
127	4,429	-	4,556	-
-	-	-	-	-
-	-	-	-	-
127	7,304	-	7,431	-

-	-	-	-	-
7,394	-	-	7,394	-
-	-	-	-	-
31,598	5,904	-	37,502	-
38,992	5,904	-	44,896	-

7,889	3,766	-	11,655	-

31,103	2,138	-	33,241	-

31,230	9,442	-	40,672	-

-	-	-	-	-
-	-	-	-	-

31,230	9,442	-	40,672	-

-		-	-	-
	9,442		9,442	-
31,230		-	31,230	-
			-
31,230	9,442	-	40,672	-

Signature		Print Name		Date of approval dd/mm/yyyy
		Tracy J Faulkner		24-Jan-2023
		Tracy J Faulkner		24-Jan-202

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Section C Notes to the accounts

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with P preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)

and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

✓

-Tick as appropriate

1.2 Going concern

An explanation as to those factors that support The accounts have been completed on the going concern the conclusion that the charity is a going basis as the charity has sufficient funds to meet its current concern; and future obligations.

Disclosure of any uncertainties that make the going concern assumption doubtful;

Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

Not Applicable

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes No	✓	* -Tick as appropriate
	✓

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes ✓ * -Tick as appropriate No ✓

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes ✓ * -Tick as appropriate No ✓

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

Yes No N/a	Yes No N/a	Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

2.3 EXPENDITURE AND LIABILITIES

Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Support costs have been allocated between governance costs and other support. Governance and support Governance costs comprise all costs involving public accountability of the charity and its costs compliance with regulation and good practice.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Where the charity gives a grant with conditions for its payment being a specific level of Grants with performance service or output to be provided, such grants are only recognised in the SoFA once the conditions recipient of the grant has provided the specified service or output. Where there are no conditions attaching to the grant that enables the donor charity to Grants payable without realistically avoid the commitment, a liability for the full funding obligation must be performance conditions recognised. Redundancy cost The charity made no redundancy payments during the reporting period.

Deferred income No material item of deferred income has been included in the accounts.

The charity has creditors which are measured at settlement amounts less any trade Creditors discounts A liability is measured on recognition at its historical cost and then subsequently Provisions for liabilities measured at the best estimate of the amount required to settle the obligation at the reporting date The charity accounts for basic financial instruments on initial recognition as per Basic financial paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 instruments to 11.19, FRS102 SORP.

Yes No N/a	Yes No N/a	Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

2.4 ASSETS

Yes No N/a	Yes No N/a	Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓
Yes No N/a
✓	✓	✓

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Section C Notes to the accounts (cont)

Note 4 Analysis of receipts of government grants

Suffolk County Council Other	This year £ Description	This year £ Description
	Throught the year the charity received funding and grants from the government. This included the following grants; support worker grants, vaccine funds/grants and general use grants.	23,404
	Not applicable	-
	Total	23,404

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Section C Notes to the accounts

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Note 10 Details of certain items of expenditure 10.1 Fees for examination of the accounts
Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees	This year £	Last year £
	600	-
	-	-
	-	-
	-	-

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Section C Notes to the accounts (cont)

Note 11 Paid employees

11.1 Staff Costs

11.1 Staff Costs
Salaries and wages Social security costs Other employee benefits Total staff costs Pension costs (defined contribution scheme)	This year £
	8,797
	416
	130
	-
	9,344

This year:

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party

Throughout the year the charity incurred sub-contracted labour costs from Haverhill Community Care Limited totalling £74,009.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

TRUE

Band	Number of employees
	Thisyear
£60,000 to £69,999	-
£70,000 to £79,999	-
£80,000 to £89,999	-
£90,000 to £99,999	-
£100,000 to £109,999	-

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Section C Notes to the accounts (cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

Amount of contributions recognised in the SOFA as an expense Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.

This year £ 130 Due to the immaterial amount of pension costs incurred by the charity non of these costs have been allocated to restricted funds.

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets

14.1 Cost or valuation

Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Total £
-	-	-	-	-
-	-	-	5,818	5,818
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	5,818	5,818

N/A	N/A	N/A	RB	RB
N/A	N/A	N/A	25%	25%

-	-	-	-	-
-	-	-	-	-
-	-	-	1,262	1,262
-	-	-	-	-
-	-	-	-	-
-	-	-	1,262	1,262

-	-	-	-	-
-	-	-	4,556	4,556

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Section C Notes to the accounts (cont)

Note 15 Intangible assets

15.1 Cost or valuation

Research & development £	Patents and trademarks £	Other £	Total £
-	-	-	-
-	-	2,924	2,924
-	-	-	-
-	-	-	-
-	-	-	-
-	-	2,924	2,924

15.2 Amortisation and impairments

N/A	N/A	N/A	RB
N/A	N/A	N/A	20%
- - - - - - - - - - 49 49 - - - - - - - - - - 49 49 - - - - - - 2,875 2,875
-	-	-	-
-	-	2,875	2,875

15.4 Accounting policy Please disclose the accounting policy for intangible fixed assets including: Reasons for choosing amortisation rates

20% reducing balance has been used as the asset is likely to always retain a value.

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

19.1 Analysis of debtors

Trade debtors Prepayments and accrued income Other debtors Total

This year £ 7,394.00 - - 7,394.00

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

20.1 Analysis of creditors

Accruals for grants payable Bank loans and overdrafts

Trade creditors

Payments received on account for contracts or performance-related grants

Accruals and deferred income

Taxation and social security

Other creditors

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
-	-	-	-
-	-	-	-
120	-	-	-
-	-	-	-
11,088	-	-	-
447	-	-	-
-	-	-	-
11,655	-	-	-

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Note 24 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year £	Last year £
	-	-
	-	-
	37,502	-
	-	-
	37,502	-

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Section C Notes to the accounts (cont)

Note 29 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts.

During the year the charity received funding from Suffolk Community Foundation through the David & Jill Simpson Fund, Pargiter Trust Fund and Community Support Fund. All of these funds were restricted and not included within the general funds.

These accounts have been completed using the Charity Commisson's template, all of the applicable sections and notes have been completed. None applicable sections/notes have not been included within the accounts to allow easier reading.

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Independent examiner's report on the accounts

Section A Independent Examiner’s Report Report to the trustees/ Memories Are Golden members of On accounts for the year 30 June 2022 Charity no 1195018 ended (if any) Set out on pages 1 to 17 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30/06/2022. Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report 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 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 Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did 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.

Date: 17/01/2023

Signed: Name: Hannah Tilson of Paradox Business Consultancy Limited Relevant professional Fellow of the Institute of Chartered Accountants in England and Wales qualification(s) or body (if any): Address: Rubine House, Manor Road, Haverhill, Suffolk, CB9 0EP

Oct 2018

IER

DocuSign Envelope ID: 5197CDAE-3774-4BCA-B72F-C0A5850BD07F

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

IER