2024-06-30-accounts - Memories Are Golden

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Memories Are Golden

Charity No. 1195018 Unaudited accounts

30 June 2024

Memories Are Golden Contents

	Pages
Independent Examiner's Report	2
Statement of Financial Activities	3
Balance Sheet	4
Notes to the Accounts	5 to 10
Detailed Statement of Financial Activities	11 to 12

Page 1

Memories Are Golden Independent Examiners Report

Independent Examiner's Report to the trustee of Memories Are Golden

I report to the trustees on my examination of the financial statements of Memories Are Golden for the year ended 30 June 2024.

Responsibilities and basis of report

As the charity's trustee you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements 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 examiner's statement

I have completed my examination. I can 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:

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.

Paul Donno AAT Rubine House Manor Rd Haverhill

1 Accounts Online Limited

CB9 0EP 11 October 2024

Page 2

Memories Are Golden Statement of Financial Activities

for the year ended 30 June 2024

Unrestricted funds	Restricted funds	Total funds	Total funds
2024	2024	2024	2023
£	£	£	£

17,044	-	17,044	16,554
129,763	69,444	199,207	137,469
146,807	69,444	216,251	154,023

1,142	-	1,142	1,787
123,056	41,893	164,949	152,322
5,078	132	5,210	2,229
129,276	42,025	171,301	156,338
-	-	-	-
17,531	27,419	44,950	(2,315)
5,141	(5,141)	-	-
22,672	22,278	44,950	(2,315)

22,672	22,278	44,950	(2,315)

19,352	19,005	38,357	40,672
42,024	41,283	83,307	38,357

Page 3

Memories Are Golden Balance Sheet

at 30 June 2024

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	2024 £ 1,840 10,783 12,623 12,010 61,553 73,563 (2,879) 70,684 83,307 83,307 83,307 41,283 41,283 42,024 42,024 83,307	2023 £ 2,300 4,159
		6,459 10,935 34,016
		44,951 (13,053)
		31,898 38,357
		38,357
		38,357
		19,005
		19,005 19,352
		19,352
		38,357

Approved by the trustees on 11 October 2024

And signed on their behalf by:

Trustee 11 October 2024

Page 4

Memories Are Golden Notes to the Accounts

for the year ended 30 June 2024

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 5

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.

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.

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.

Page 6

Memories Are Golden Notes to the Accounts

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.

2 Statement of Financial Activities - prior year

2 Statement of Financial Activities - prior year
Income and endowments from: Donations and legacies Charitable activities Total Expenditure on: Raising funds Charitable activities Other Total Net income Transfers between funds Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 3 Income from donations and legacies 4 Income from charitable activities	Unrestricted £ 129,763 129,763	Unrestricted funds 2023 £ 16,554 93,411 109,965 359 129,509 546 130,414 (20,450) 8,572 (11,878) (11,878) 31,230 19,352 Unrestricted £ 17,044 17,044 Restricted £ 69,444 69,444	Restricted funds 2023 £ - 44,058 44,058 1,428 22,813 1,683 25,924 18,135 (8,572) 9,563 9,563 9,442 19,005 Total 2024 £ 17,044 17,044 Total 2024 £ 199,207 199,207	Total funds 2023 £ 16,554 137,469
				154,023 1,787 152,322 2,229
				156,338
				(2,315) -
				(2,315)
				(2,315) 40,672
				38,357
				Total 2023 £ 16,554
				16,554
				Total 2023 £ 137,469
				137,469

Page 7

Memories Are Golden

Notes to the Accounts

5 Expenditure on raising funds Fundraising trading costs 6 Expenditure on charitable activities Expenditure on charitable activities Governance costs 7 Other expenditure Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets 8 Net income/(expenditure) before transfers This is stated after charging: Depreciation of owned fixed assets Amortisation of intangible fixed assets 9 Staff costs No employee received emoluments in excess	Unrestricted £ 117,953 5,103 123,056 Unrestricted £ 1,025 4,053 5,078 of £60,000.	Unrestricted £ 1,142 1,142 Restricted £ 41,893 - 41,893 Restricted £ 132 - 132 2024 £ 3,593 460	Total 2024 £ 1,142 1,142 Total 2024 £ 159,846 5,103 164,949 Total 2024 £ 1,157 4,053 5,210	Total 2023 £ 1,787
				1,787
				Total 2023 £ 146,782 5,540
				152,322
				Total 2023 £ 267 1,962
				2,229
				2023 £ 1,387 575

Page 8

Memories Are Golden Notes to the Accounts

10 Intangible fixed assets

Cost At 1 July 2023 At 30 June 2024 Amortisation and impairment At 1 July 2023 Amortisation charge for the year At 30 June 2024 Net book values At 30 June 2024 At 30 June 2023 11 Tangible fixed assets Cost or revaluation At 1 July 2023 Additions At 30 June 2024 Depreciation and impairment At 1 July 2023 Depreciation charge for the year At 30 June 2024 Net book values At 30 June 2024 At 30 June 2023 12 Debtors Trade debtors Prepayments and accrued income	2024 £ 6,688 5,322 12,010	Other £ 2,924 2,924 624 460 1,084 1,840 2,300 £ 6,808 10,217 17,025 2,649 3,593 6,242 10,783 4,159	Total £ 2,924
			2,924
			624 460
			1,084
			1,840
			2,300
			£ 6,808 10,217
			17,025
			2,649 3,593
			6,242
			10,783
			4,159
			2023 £ 4,285 6,650
			10,935

Page 9

Memories Are Golden Notes to the Accounts

13 Creditors:

	2024 £ 363 2,516		2023 £ 12,226 228
	-		599
Incoming resources (including other gains/losses) £ 69,444 69,444 146,807 216,251	2,879 Resources expended £	Gross transfers £ (5,141) (5,141) 5,141 - Restricted funds £ 11,994 39,505 51,499	13,053
			At 30 June 2024 £ 41,283
	(42,025)
	(42,025) (129,276) (171,301) Unrestricted funds £ 629 31,179 31,808
			41,283
			42,024
			83,307
			Total £ 12,623 70,684
			83,307

Page 10

Memories Are Golden Detailed Statement of Financial Activities

for the year ended 30 June 2024

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 General administrative costs, including depreciation and amortisation Amortisation Depreciation of Total of expenditure of other costs Total expenditure Net gains on investments Net income/(expenditure) Transfers between funds	Unrestricte d funds 2024 £ 17,044 17,044 129,763 129,763 146,807 1,142 1,142 1,142 117,953 117,953 5,103 5,103 123,056 1,025 1,025 460 3,593 4,053 5,078 129,276 - 17,531 5,141	Restricted funds 2024 £ - - 69,444 69,444 69,444 - - - 41,893 41,893 - - 41,893 132 132 - - - 132 42,025 - 27,419 (5,141)	Total funds 2024 £ 17,044 17,044 199,207 199,207 216,251 1,142 1,142 1,142 159,846 159,846 5,103 5,103 164,949 1,157 1,157 460 3,593 4,053 5,210 171,301 - 44,950 -	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) -

Page 11

Memories Are Golden Detailed Statement of Financial Activities

Memories Are Golden Detailed Statement of Financial Activities
Net income/(expenditure) before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	22,672 - 22,672 19,352 42,024	22,278 - 22,278 19,005 41,283	44,950 - 44,950 38,357 83,307	(2,315) -
				(2,315)
				40,672
				38,357

Page 12