**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** |**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 income/(expenditure)**
8
Transfers between funds
**Net income/(expenditure)**
**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**| |---|---|---|---|---|---| |||**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:** |amounts falling due within one year
Trade creditors
Other taxes and social security
Accruals
14 **Movement in funds**
**At 1 July**
**2023**
**Restricted funds:**
**Restricted income funds:**
19,005
_Total_
19,005
**Unrestricted funds:**
**General funds**
19,352
**Total funds**
38,357
15 **Analysis of net assets between funds**
Fixed assets
Net current assets|amounts falling due within one year
Trade creditors
Other taxes and social security
Accruals
14 **Movement in funds**
**At 1 July**
**2023**
**Restricted funds:**
**Restricted income funds:**
19,005
_Total_
19,005
**Unrestricted funds:**
**General funds**
19,352
**Total funds**
38,357
15 **Analysis of net assets between funds**
Fixed assets
Net current assets||**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