DocuSign Envelope ID: 298BE0F5-C865-405E-B7AD-A0DB91D9B748
Memories Are Golden
Governing Document: Foundation’ Model Constitution
Charity Number: 1195018
TRUSTEES’ REPORT FOR THE YEAR ENDED 30[th] JUNE 2023
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
Throughout the year, the trustee panel, consisting of Damian Howard, Tracy Faulkner, and Jade Donno, steadfastly held their positions. The charity, however, faced challenges this past year in attracting trustees who can bring a rich spectrum of professional and sector-related expertise. Despite these difficulties, we remain committed to enhancing our team and advancing the charity's goals. In alignment with this commitment, we will be actively seeking a new trustee over the next twelve months.
Trustee Induction and Training
Over the past year, we have engaged the professional assistance of Castleview Charitable Services. This step was taken to guarantee our complete compliance with the obligations and duties incumbent upon us as a charity. Although we have not had any new trustees join us in the past year, our search for new members will be an active pursuit. Upon appointment, new trustees will be supplied with several crucial resources. These include the charity's governing document, the most recent financial accounts, and the Charity Commission's guidance notes CC3, entitled "The Essential Trustees." Additionally, they will have access to all historical board minutes and any relevant policies and procedures, ensuring they are well-equipped to carry out their roles efficiently.
Organisational Structure
Memories Are Golden is built on a robust framework designed to meet the needs of its participants. For daily operational needs, we delegate them to a local, registered care provider who is thoroughly regulated. This approach ensures our attendees receive support from a staff that is not only qualified but also well-trained. Additionally, we maintain a reserve of volunteers who can be called upon as needed. Our trustees, who are responsible for the charity's governance, convene on a monthly basis. We have a Charity Manager appointed, whose primary role involves overseeing the charity's daily operations. The Charity Manager, a constant presence at all meetings, serves as the vital link between the trustees, attendees, and the broader community.
DocuSign Envelope ID: 298BE0F5-C865-405E-B7AD-A0DB91D9B748
Risk Review
The trustees have undertaken a comprehensive review of the various risks facing the charity and have set up systems to minimise these threats.
A crucial risk that deserves special attention is the precarious status of our current premises. The site hosting our hub is now under threat, with its availability post-2024 being uncertain. This issue presents a significant risk to our operations. Every trustee and manager are acutely aware of this looming challenge. Rest assured; they are all actively engaged in seeking a suitable alternative location to ensure the continuity of Memories Are Golden's essential services.
An additional risk that threatens the sustainability of the charity pertains to the precarious nature of grant funding. Memories Are Golden relies significantly on these grants to finance its operations and support its mission. Unfortunately, there is no guarantee that we will be successful in our applications for such funding. The possibility of not being awarded the necessary grants could seriously impede our ability to deliver our services and fulfill our commitments to those we serve. The team is aware of this and is continuously exploring other viable sources of income to ensure the charity's ongoing viability and resilience.
Dependence on Hub Manager
A point of concern for our charity's operational resilience is our significant reliance on our hub manager, Kelly. While her dedication, expertise, and leadership have been invaluable to Memories Are Golden, such a pronounced dependence on a single individual poses a risk. Should Kelly be unavailable or decide to move on from her role, the charity might face operational disruptions, given the intricate knowledge and relationships she holds. Recognising this, it's essential that we implement succession planning and capacity-building measures to ensure that the charity can continue to operate seamlessly regardless of personnel changes. This will safeguard against potential disruptions and ensure that our beneficiaries always receive the support they need.
Finding new trustees
A growing concern for the future robustness and adaptability of Memories Are Golden revolves around the challenge in attracting trustee applicants possessing the necessary and beneficial skills. Trustees play a pivotal role, not just in governance, but also in bringing a diverse range of expertise and insights essential for the charity's progression. The absence of qualified trustee candidates can limit our ability to make informed decisions, innovate, and navigate the complex challenges the charity sector often presents. Without the infusion of fresh perspectives and specialised skills, we risk stagnation and might miss out on opportunities to enhance and expand our impact. Addressing this challenge is vital for the long-term success and sustainability of our charity.
Objectives and activities
Mission Statement
DocuSign Envelope ID: 298BE0F5-C865-405E-B7AD-A0DB91D9B748
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
Throughout the past year, Memories Are Golden has navigated an inspiring journey filled with vibrant programs, memorable outings, and festive celebrations, each crafted to enrich and uplift our cherished community. While we reveled in the joy of shared experiences, we also faced financial hurdles that tested our resilience and adaptability. Delve deeper into this section to rediscover the highlights that shaped our year and understand the challenges that remind us of the continuous work ahead. As we recount these pivotal moments, we're reminded of the unity, tenacity, and unwavering spirit that defines us.
Introduced Friday Vibes
This year saw the exciting introduction of "Friday Vibes" - an initiative designed to invigorate and uplift the spirits of our community members. Every Friday, we hosted a range of activities, discussions, and workshops that aimed to end the week on a high note. The feedback has been overwhelmingly positive, with attendees eagerly looking forward to what each new Friday brings.
Felixstowe Trip
One of our standout events this year was the memorable trip to Felixstowe. This excursion offered our members a chance to escape their daily routines, breathe in the fresh sea air, and bond with one another. The laughter, stories shared, and memories made on this trip have undoubtedly etched an indelible mark in the hearts of all participants.
Coronation
Our Coronation event was a grand celebration, commemorating the rich history and cultural significance of the occasion. With a blend of traditional activities and modern twists,
DocuSign Envelope ID: 298BE0F5-C865-405E-B7AD-A0DB91D9B748
attendees were immersed in a vibrant atmosphere that showcased the unity and shared spirit of our community.
Selfie with Elf
In a bid to bring festive cheer, we rolled out the delightful "Selfie with Elf" initiative. This festive activity, filled with fun and laughter, saw members taking amusing and heartwarming selfies with a jovial elf mascot. It was more than just a photo opportunity; it was a chance to spread joy, warmth, and a sense of togetherness during the holiday season.
Trying to Stay Afloat
Despite the year's cheerful events and successful programs, we faced significant financial challenges. Navigating the ever-tightening landscape of charity funding has been daunting. We invested considerable time and resources into applying for a multitude of grants to sustain our operations. Regrettably, of the numerous applications made, only four grants were awarded to us. This underscores the urgency and critical need for diversified funding channels to ensure the continued success and sustainability of Memories Are Golden.
Plans For the Future
As we look to the horizon, the future of Memories Are Golden is bright with possibilities and potential. While the past year has been one of learnings and adaptations, our forwardlooking vision is rooted in our undying commitment to the community we serve.
New Premises
Our immediate and pressing priority is the urgent relocation to a new premise. The stark reality is that we are facing eviction from our current location next year, placing our activities and services in potential jeopardy. This is not merely a strategic move; it's an absolute necessity. We are in a race against time, fervently searching for locations that not only align with our ethos but also have the capacity to host our expanding community. The mission is clear and non-negotiable: to secure a space that not only serves as a functional venue but truly feels like a sanctuary, amplifying our sense of community and furthering our cause. The clock is ticking, and our commitment to this transition is paramount.
Continue to Source New Funding
The very heart of Memories Are Golden's survival hinges upon our ability to secure essential grant funding. Our financial stability is teetering on the brink, and the challenges we've faced in this realm are not just setbacks, but potential existential threats. If we don't successfully secure these grants, our operations, programs, and the community we've nurtured could be at severe risk. While we continue to venture into various funding avenues, from corporate partnerships to crowd-funding and philanthropic initiatives, the gravity of our situation cannot be understated. It's not just about fortifying our financial foundation for the future; it's about ensuring we have a future at all. Our dedication to navigating this financial storm is unwavering, but the urgency and significance of these efforts are paramount.
Recruiting New Trustees – Including Fundraising
The expansion and diversification of our board of trustees are of paramount importance. We recognize the need for fresh perspectives, unique skills, and renewed energy. Therefore, we
DocuSign Envelope ID: 298BE0F5-C865-405E-B7AD-A0DB91D9B748
are embarking on a targeted recruitment drive, focusing not only on general governance but also on specialists in fundraising. The idea is to build a versatile team of trustees, each bringing a wealth of expertise to the table, thereby bolstering our fundraising efforts, and ensuring a prosperous future for Memories Are Golden.
With these plans outlined, we are filled with hope and determination. The journey ahead may be marked with challenges, but with our collective spirit and the unwavering support of our community, there's no doubt that the best is yet to come.
Financial Review
Overview
As of the 30[th of ] June 2023 Memories Are Golden’s income amounted to £154,023. After incurring costs of £156,338 the charity finished the year on a net loss of £2,315. The trustees view this as a positive outcome given the challenges the charity faced this year. They are optimistic about securing additional funding moving forward.
Principal Funding Sources
The principal funding sources for the charity are grants to enable it to meet its charitable aims. We would like to thank and acknowledge the following funders:
Suffolk Community Foundation through David & Jill Simpson Fund
The Inman Charity
The Neighbourly Team through Lidl Community Fund
Lovewell Blake Fund through Suffolk Community Fund
Suffolk Community Foundation through Pargiter Trust Fund
Suffolk Community Foundation through Miller Trust Fund
Suffolk Community Foundation through Suffolk Carers Fund
Reserves Policy
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 2 months’ running costs. This amounts to £30,000 as a minimum.
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.
DocuSign Envelope ID: 298BE0F5-C865-405E-B7AD-A0DB91D9B748
Signed by
- Carol Long
08-Dec-2023
- David Kennedy
11-Dec-2023
DocuSign Envelope ID: 37BA34FC-8D54-4118-ACE4-276ECC4328CA
Memories Are Golden
Charity No. 1195018
Trustee's Report and Unaudited Accounts
30 June 2023
DocuSign Envelope ID: 37BA34FC-8D54-4118-ACE4-276ECC4328CA Memories Are Golden
Statement of Financial Activities
for the year ended 30 June 2023
| Notes Income and endowments from: Donations and legacies 3 Charitable activities 4 Total Expenditure on: Raising funds 5 Charitable activities 6 Other 7 Total Net gains on investments Net (expenditure)/income 8 Transfers between funds Net (expenditure)/income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds |
Restricted funds |
Total funds | Total funds | |
|---|---|---|---|---|---|
| 2023 | 2023 | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| 16,554 | - | 16,554 | 31,024 | ||
| 93,411 | 44,058 | 137,469 | 121,347 | ||
| 109,965 | 44,058 | 154,023 | 152,371 | ||
| 359 | 1,428 | 1,787 | 348 | ||
| 129,509 | 22,813 | 152,322 | 111,351 | ||
| 546 | 1,683 | 2,229 | - | ||
| 130,414 | 25,924 | 156,338 | 111,699 | ||
| - | - | - | - | ||
| (20,450) | 18,135 | (2,315) | 40,672 | ||
| 8,572 | (8,572) | - | - | ||
| (11,878) | 9,563 | (2,315) | 40,672 | ||
| (11,878) | 9,563 | (2,315) | 40,672 | ||
| 31,230 | 9,442 | 40,672 | - | ||
| 19,352 | 19,005 | 38,357 | 40,672 | ||
Page 1
DocuSign Envelope ID: 37BA34FC-8D54-4118-ACE4-276ECC4328CA
Memories Are Golden
Balance Sheet
at 30 June 2023
| Charity No. 1195018 Fixed assets Intangible assets 10 Tangible assets 11 Current assets Debtors 12 Cash at bank and in hand Creditors:Amount falling due within one year 13 Net current assets Total assets less current liabilities Net assets excluding pension asset or liability Total net assets The funds of the charity Restricted funds 14 Restricted income funds Unrestricted funds 14 General funds Reserves 14 Total funds |
2023 £ 2,300 4,159 6,459 10,936 34,016 44,952 (13,054) 31,898 38,357 38,357 38,357 19,005 19,005 19,352 19,352 38,357 |
2022 £ 2,875 4,556 |
|---|---|---|
| 7,431 7,394 37,502 |
||
| 44,896 (11,655) |
||
| 33,241 40,672 |
||
| 40,672 | ||
| 40,672 | ||
| 9,442 | ||
| 9,442 31,230 |
||
| 31,230 | ||
| 40,672 |
Approved by the trustees on 30 June 2023
And signed on their behalf by:
• Carol Long
• David Kennedy
Trustee
07-Dec-2023 30 June 2023
07-Dec-2023
Page 2
DocuSign Envelope ID: 37BA34FC-8D54-4118-ACE4-276ECC4328CA Memories Are Golden
Notes to the Accounts
for the year ended 30 June 2023
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
-
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
-
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 3
DocuSign Envelope ID: 37BA34FC-8D54-4118-ACE4-276ECC4328CA Memories Are Golden
Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 4
DocuSign Envelope ID: 37BA34FC-8D54-4118-ACE4-276ECC4328CA Memories Are Golden
Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
Page 5
DocuSign Envelope ID: 37BA34FC-8D54-4118-ACE4-276ECC4328CA Memories Are Golden
Notes to the Accounts
- 2 Statement of Financial Activities - prior year
| 2 | Statement of Financial Activities - prior year | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | **funds ** | Total funds | |||||
| 2022 | 2022 | 2022 | |||||
| £ | £ | £ | |||||
| Income and endowments from: | |||||||
| Donations and legacies | 31,024 | - | 31,024 | ||||
| Charitable activities | 81,989 | 39,358 | 121,347 | ||||
| Total | 113,013 | 39,358 | 152,371 | ||||
| Expenditure on: | |||||||
| Raising funds | 348 | - | 348 | ||||
| Charitable activities | 74,858 | 28,648 | 103,506 | ||||
| Other | 6,577 | 1,268 | 7,845 | ||||
| Total | 81,783 | 29,916 | 111,699 | ||||
| Net income | 31,230 | 9,442 | 40,672 | ||||
| Net income before other gains/(losses) |
31,230 | 9,442 | 40,672 | ||||
| Other gains and losses: | |||||||
| Net movement in funds | 31,230 | 9,442 | 40,672 | ||||
| Reconciliation of funds: | |||||||
| Total funds carried forward | 31,230 | 9,442 | 40,672 | ||||
| 3 | Income from donations and legacies | ||||||
| Unrestricted | Total | Total | |||||
| 2023 | 2022 | ||||||
| £ | £ | £ | |||||
| 16,554 | 16,554 | 31,024 | |||||
| 16,554 | 16,554 | 31,024 | |||||
| 4 | Income from charitable activities | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| 2023 | 2022 | ||||||
| £ | £ | £ | £ | ||||
| 93,411 | 44,058 | 137,469 | 121,347 | ||||
| 93,411 | 44,058 | 137,469 | 121,347 | ||||
| 5 | Expenditure on raising funds | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| 2023 | 2022 | ||||||
| £ | £ | £ | £ | ||||
| Fundraising trading costs | |||||||
| 359 | 1,428 | 1,787 | 348 | ||||
| 359 | 1,428 | 1,787 | 348 |
Page 6
DocuSign Envelope ID: 37BA34FC-8D54-4118-ACE4-276ECC4328CA
Memories Are Golden
Notes to the Accounts
- 6 Expenditure on charitable activities
| Expenditure on charitable activities Governance costs 7 Other expenditure Sundry expenses Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets 8 Net (expenditure)/income before transfers This is stated after charging: Depreciation of owned fixed assets Amortisation of intangible fixed assets 9 Staff costs |
Unrestricted £ 123,969 - 5,540 129,509 Unrestricted £ 267 279 546 |
Restricted £ 22,813 - - 22,813 Restricted £ - 1,683 1,683 2023 £ 1,387 575 |
Total 2023 £ 146,782 - 5,540 |
Total 2022 £ 103,506 7,845 - |
|---|---|---|---|---|
| 152,322 | 111,351 | |||
| Total 2023 £ 267 1,962 |
Total 2022 £ - - |
|||
| 2,229 | - | |||
| 2022 £ - - |
No employee received emoluments in excess of £60,000.
Page 7
DocuSign Envelope ID: 37BA34FC-8D54-4118-ACE4-276ECC4328CA
Memories Are Golden
Notes to the Accounts
10 Intangible fixed assets
| Cost At 1 July 2022 At 30 June 2023 Amortisation and impairment At 1 July 2022 Amortisation charge for the year At 30 June 2023 Net book values At 30 June 2023 At 30 June 2022 11 Tangible fixed assets Cost or revaluation At 1 July 2022 Additions At 30 June 2023 Depreciation and impairment At 1 July 2022 Depreciation charge for the year At 30 June 2023 Net book values At 30 June 2023 At 30 June 2022 12 Debtors Trade debtors Prepayments and accrued income |
2023 £ 4,286 6,650 10,936 |
Other £ 2,924 |
Total £ 2,924 |
|---|---|---|---|
| 2,924 | 2,924 | ||
| 49 575 |
49 575 |
||
| 624 | 624 | ||
| 2,300 | 2,300 | ||
| 2,875 | 2,875 | ||
| £ 5,818 990 |
£ 5,818 990 |
||
| 6,808 | 6,808 | ||
| 1,262 1,387 |
1,262 1,387 |
||
| 2,649 | 2,649 | ||
| 4,159 | 4,159 | ||
| 4,556 | 4,556 | ||
| 2022 £ 7,394 - |
|||
| 7,394 |
Page 8
DocuSign Envelope ID: 37BA34FC-8D54-4118-ACE4-276ECC4328CA
Memories Are Golden
Notes to the Accounts
13 Creditors:
amounts falling due within one year
| Trade creditors Other taxes and social security Accruals 14 Movement in funds At 1 July 2022 Restricted funds: Restricted income funds: 9,442 Total 9,442 Unrestricted funds: General funds 31,230 Total funds 40,672 15 Analysis of net assets between funds Fixed assets Net current assets |
Trade creditors Other taxes and social security Accruals 14 Movement in funds At 1 July 2022 Restricted funds: Restricted income funds: 9,442 Total 9,442 Unrestricted funds: General funds 31,230 Total funds 40,672 15 Analysis of net assets between funds Fixed assets Net current assets |
2023 £ 12,226 228 |
2022 £ 120 446 |
||
|---|---|---|---|---|---|
| 600 | 11,089 | ||||
| Incoming resources (including other gains/losses) £ 44,058 44,058 109,965 154,023 |
13,054 Resources expended £ |
Gross transfers £ |
11,655 | ||
| At 30 June 2023 £ 19,005 |
|||||
| (25,924) | (8,572) | ||||
| (25,924) (130,414) (156,338) Unrestricted funds £ 838 9,384 10,222 |
|||||
| (8,572) | 19,005 | ||||
| 19,352 | |||||
| 8,572 | |||||
| - | 38,357 | ||||
| Restricted funds £ 5,621 22,514 |
Total £ 6,459 31,898 |
||||
| 28,135 | 38,357 |
Page 9
DocuSign Envelope ID: 37BA34FC-8D54-4118-ACE4-276ECC4328CA Memories Are Golden
Detailed Statement of Financial Activities
for the year ended 30 June 2023
| Income and endowments from: Donations and legacies Charitable activities Total income and endowments Expenditure on: Costs of other trading activities Total of expenditure on raising funds Charitable activities Governance costs Total of expenditure on charitable activities Other expenditure Sundry expenses General administrative costs, including depreciation and amortisation Amortisation Depreciation Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income Transfers between funds |
Unrestricte d funds 2023 £ 16,554 16,554 93,411 93,411 109,965 359 359 359 123,969 - 123,969 5,540 5,540 129,509 267 267 - 279 279 546 130,414 - (20,450) 8,572 |
Restricted funds 2023 £ - - 44,058 44,058 44,058 1,428 1,428 1,428 22,813 - 22,813 - - 22,813 - - 575 1,108 1,683 1,683 25,924 - 18,135 (8,572) |
Total funds 2023 £ 16,554 16,554 137,469 137,469 154,023 1,787 1,787 1,787 146,782 - 146,782 5,540 5,540 152,322 267 267 575 1,387 1,962 2,229 156,338 - (2,315) - |
Total funds 2022 £ 31,024 |
|---|---|---|---|---|
| 31,024 | ||||
| 121,347 | ||||
| 121,347 | ||||
| 152,371 348 |
||||
| 348 | ||||
| 348 103,506 7,845 |
||||
| 111,351 | ||||
| - | ||||
| - | ||||
| 111,351 - |
||||
| - | ||||
| - - |
||||
| - | ||||
| - | ||||
| 111,699 - |
||||
| 40,672 - |
Page 10
DocuSign Envelope ID: 37BA34FC-8D54-4118-ACE4-276ECC4328CA
Memories Are Golden
Detailed Statement of Financial Activities
| Memories Are Golden Detailed Statement of Financial Activities Envelope ID: 37BA34FC-8D54-4118-ACE4-276ECC4328CA |
||||
|---|---|---|---|---|
| Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
(11,878) - (11,878) 31,230 19,352 |
9,563 - 9,563 9,442 19,005 |
(2,315) - (2,315) 40,672 38,357 |
40,672 - |
| 40,672 | ||||
| - | ||||
| 40,672 |
Page 11
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 2023 Charity no 1195018 ended (if any) Set out on pages 1 to 11 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: 19/12/2023
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
1
Oct 2018
IER
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 .
2
Oct 2018
IER