Charity registration number 1195466 DOWNHAM DEMENTIA ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
DOWNHAM DEMENTIA LEGAL AND ADMINISTRATIVE INFORMATION Trustees JAffted J Westrop J Pike B Hobbs IAppointed 1 March 20241 Charlty number 1195466 Prlnclpal address 16 Churchill Way Park Lane Estate Oownham Market Norfolk PE38 9RS Indap•nd•nt •xamln•r mapUSmilh & Lemmn LLP 48 King Stwt King's Lynn Norfolk PE30 1HE
DOWNHAM DEMENTIA CONTENTS Page Trustees, report Independenl examinerf5 repcwt Statemenl of fin8nci81 a¢tivili&s Balance sheet Notes lo the financial $tslemenls 6-12
DOWNHAM DEMENTIA TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present Ihoir annu81 report and financA81 slatements for the year ended 31 March 2024. The financial slatements hav8 bèèn Pfèparèd in ac(x)rd8nce with the accounting policies set out in note 1 to the financial slalemènls and comply with the charity's Igoveming dUMentI, the Charits'es Act 2011 and 'Actounting 8nd Reporting by Charities.. Slalemenl ol Recommended Praclice applicablè to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th8 UK and Republic ol Ifeland IFRS 1021 leffecllve 1 January 20191. Objectlves and actlvitles The objectives of the charity are to preserve and protecl good health among people with d8mentia. their lamilies and carers. in Downham Market and the SLtrroun¢Jing Arèa. In parb"cular bul not exclvsivefy, through the provision of a safè environment to hold regular m8eting5 lo provide slimulaling exPeriers through recreation. Also to provide social trips and lo give practical and emotional support, heLD and advice. The trustees have paid due rg98fd lo guidanc¥ issued by th& Chanty Cofflmission in deciding whal activities the charity should undertake. Achlevomgnts and performance Downham Damontia has crealed 8 $8le c8ring arHJ posilive environmenl lor tse diagnosed th Ihe condlllon ol Dementia and their caregivers. Inilially created in 2015 under the name Oownham Dementia SLtpport Association it initially ran once a month, extending to with various organisad social lrips occurring. 11 8150 undertook cornmunily training events in th& subject ol Demen118 the Agsocaats'on wag rvn by a management committee. The need lor the community-based service grow and tha dacision was taken by Ihe Commille8 lo be¢ome a eharily in 2021, and thè thrè8 currant trustèès wèré ¢ho$8n from the Mmittee. The charily now runs four café sessions p8r month. alongside communi¢y Social aclivilies. and communily lundraising events, at which the Charity Is promoted. The Cafés continue lo offer lriendship and aclivities abngside praclical advic& where required. Tha charlly has grown steadily. Thtr numbers allending havè grown from six per month al the lomiallon ol the Association lo over one hundred per month currentty, and Downham Oementsa will conts'nue ils steady growth 8S funding permits. These aclivitses will bo led by the needs and wishès of those th81 atlond and $&vor81 options lor lulura growttt have been Idantilied. In short. thè ch8nly grew out ol 8 need expres8ed by the cornmunily lor such a service and 1$ largely run by members ol the community providing a service which ihe communily engages with. The charity perfonnancè will be evaluated in a numbar of ways i.è. through attèndanc8 8nd impad a559ssmenls using known tools to maasura changa and through eommissitining an ¥valu8Uon ol the work ol the charity, and the steps il may need to takè to improve both perfoman¢e and delivery. The service will also include bene[larIeS in the wort( it plans lo go forward. This includes the inauguration ol a silting service which is a suggestion from them aboul future service development. The funding 8nvTronm8nt remains challenging, the r8ality ol available funding goirTrg to less than 4 % ol the charitie5 in England & Wal85 highlight5 th8 lact that important work done al the grass roots Is chronically underfunded and leave5 organisalions vulnerab, and eompètition for difflinishing grant funding fierce and complex. Downham Dementia was Iherelore deli9hted 10 8¢hieve national loitery funding via the reaching communities grant lor three years, which should help 5e¢ure its luture providing match lundiThJ can be achieved. Flnanclal r8vl•w Incoming resources during the year amounted to £19,303 12023 £26,270). of which £7,09812023 £17.4531 is reslrided and £12,205 12023 - £8,817) is unreslricted. Resources expended on charitable activitie5 in the year lolalled £25.31412023 - £23.2431. ol which £11,10212023 - £16.6641 is restricted and £14,21212023 - £6,579) is unrestricted. As at 31 March 2024. tho charity held £2.953 12023 - £8.2541 in r8stricted funds and £7.00912023 - £7,719) in Ljnreslricted funds.
DOWNHAM DEMENTIA TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 It is the policy of the charity that unr¢stn"rted whth have nol been d8sign8ieil for a specific use shoukl be mainlained at a lgvel equivalent lo befften three and six month's expenditure. The trustees consider that reserves 81 this level will ensure that, in the ev¢nt of 8 signifunt drop in funding. Ihey will be able lo continue the charity's current activities while considgration is given lo ways in which addits.onal ftjnds may be raised. This lev61 of r8soryes has been maintained Ihroughout the year. Structure, governane• and management The charity was registered as a charilable S[O)led organisalion on 10Au9USt 2021. number 1195466. The truslees who seryed during Ihe year and up to thè dalè ol signature of the financial statements w8.. J Allred J Wèstrop E Bergèr J Pike B Hobbs {Resigned 22 Jung 20231 {Appointed 1 March 20241 Truslg& ¢ruItMent is ¢ompbted in Ilne wilh the policy d&signed io altract Irusloes who can advance the aims and tsbje¢iives of ihe charity There is a recruilmènl pack in place deiailing what is required of a Trustee, and potanllal Trustees are asked to complet8 a short application fom and be inlerviewed by the Chair ol Trust89s 11 1$ 8 808rd decislon as to who a Trustee may b& The fir31 Trustee3 were appointed by Ihe prevKJUS management committg&. The senlor Offla1 lo whom tha day to ¢Jay managemènt ol the charrty is delegated by the charlty tNsl&es Is thè Demèntla Project Manag¥r. The trusteo$' rgport was approve(I by Ihtr Board ol Truste. J Allr8d Chalrm•n Dale..
DOWNHAM DEMENTIA INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DOWNHAM DEMENTIA I report lo the trusteés on my gX8min8tiw of the finanual sialements of Oownham Dementia lihe charity) lor th8 year ended 31 March 2024. R•sponslbllltlès and basls of rgport As the trustees ol the chanly you are responsible for the preparation of thè fin8n¢i81 st81ements in accordance with the requirements ol the Charitses Acl 2011 Ilhe 2011 Act). I raporl In r8spÉel ol my èxamination ol the charity's financial statemenis carrt8d out under 5ecfion 145 of the 2011 Act. In carrying out my examination I have followed all the applieablè Directions given by the Charity Commisslon under seclhin 1451Sllbl ol the 2011 Acl. Ind•pènd•nt •x•mlnerf¥ $t•t¢m¥nl Your attention is drawn lo thè lècl that th8 charity has pr•pared financial slalements in accordancè wlth Accounting and Rèporting by Chafilies prèparin9 théir accoun15 in acrdanCe with lh8 Financial Rèporting St8nd8rd applicable in Ihè UK and R8public of Ireland IFRS 1021 in preference io the Accwnting and R8ptsrtin9 by Charities.. Slalernent ol Recommended Piaclice issued on 1 April 2005 which is relerred lo in the extant regulations but has now been withdrawn. l understand that this has been done in order for financial ststem&nts to providg a true and lair view in accordance with Generally Accepted AccountiThJ acte effecbve lor faportln9 peiilxls beginning on or after 1 January 2015. I have cornpleled my exarninatson. I confi that no matters have ccrfn8 to my altonllon In ¢onneclion with the examination giving me cause to believe that in any malarial rasp.. accounting records were not kept in respect ol the charity as requirod by $&ction 130 of the 2011 Act,. or the financial statemenls do not accord with Ihose records., of the financial slalements do not comply with the applicable requlrem&nts concamlng the forrn and conlenl of accounts set out in the Charities IAccoLtnls and RePls) Regulations 2008 olher than any fequiremenl that the accounts give a truè and laii vièw which 1$ nol a matter consNJered as part ol an independent examinalion. I have no concerns and have come across no other malters in connection with Iho gxamin8ts.on lo which allenlion should be drawn in ihis report in order lo enable a proper underslanding ol tho fin8n¢i81 statements to be reached. Sharon Edward$, F.C.A. Mapu8-Smlth & Lemmon LLP 48 King Slreot King's Lynn Norfolk PE30 1HE
DOWNHAM DEMENTIA STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrlet•d R•5trl¢ted funds funds 2024 2024 Total Unrèstrlcted R¢¥trl¢ted funds funds 2023 2023 Total 2024 2023 Not¥s Incomo from.. Donations and legarie5 charitable actlvities Other tradin9 aetivilie$ 6.735 2,006 3,464 7.098 13.833 2,006 3,464 8.084 201 532 17,453 25.537 201 532 Toial Incom• 12.205 7.098 19,303 8.817 17,453 26.270 Expendltur• on.. Raising funds Charitable activities 1.350 12.862 1.350 23,964 61 6,518 620 16,044 681 22.562 11.102 Total oxp•ndltur¢ 14,212 11,102 25,314 6,579 16,664 23.243 N•t Incom•ll•xpèndllur•l 2,0071 14,0041 16,0111 2.238 789 3.027 Transfers belweon lunds 1,297 11,2971 Nèt movomènt In fvnds 17101 15,3011 16,0111 2.238 789 3,027 Reconclllatlon of funds: Fund balances at 1 April 2023 7,719 8,254 15,973 5.481 7,465 12,946 Fund balan¢o¥ •t 31 Mar¢h 2024 7.IJ09 2,953 9,962 7.719 8,254 15,973 The slalement of financial activities includ&s all gains and Iossos rg¢ognised in the year. All income and expenditure derive from continuing activities.
DOWNHAM DEMENTIA BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Current assets C8¥h at bank and in hand 9.962 15,973 Ntt eurrent as¥ets 9.962 15.973 Net ass•ts axcludlng p•nslon Ilablllty 9.962 15,973 Th• funds ol thè charlty Restricted income funds Unrestricted funds 13 2,953 7,009 8,254 7,719 9.962 1S.973 The financial statements were approved by the Injsiees on......................... J Allred Chalrman
DOWNHAM DEMENTIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policieg Charlty Informatlon Downham Dementia was registere(1 8s a charilable incorwat¢d organisation on 10 August 2021 under Charity numbgr 1195466. The chantys prinapal addmss 1$ 16 Churcill Way. Park Lan6 E$tste. Downham Markgt. PE38 9RS. 1.1 Accountlng eonv•ntlon The financial slalemenls havè bèen prepared in accJJfdanc8 th¢ Charit5 Igoveming dlmentI, the Chafilies Acl 2011. FRS 102 'The Financial R8POrting Standard applicable in th8 UK and Republic ol Iraland. I"FRS 102"18nd the ch8rib.es SORP 'Accounting and Repon9 by Charib'es.. Statement of Reeomm8nded Practice applicable lo charities preparin9 Iheir a¢¢ounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Rèpublic ol Ireland {FRS 1021" leffectsv8 1 January 20191. The charity is a Public Benelil Entity as definod by FRS 102. The ch8rily has laken advantage of the provisions in tho SORP for charities not to prepar& a Statement of Cash Flows. The financial stalemenls have departed from Ihe Charitigs IA¢counl3 and Reports) Regulalions 21108 only lo the extent required lo provide a true and fair view. This departu has involved lollow¢ng the S131ernenl of Recommended Practice for charilw appI.ng FRS 102 ralher than tha vgrsion of the Statement of Recommended Pradice which is relefred io in the Regulat)n$ but %thich has since been withdrawn. Tha Iinan¢i81 slat&m&nts a prepared in steding, which is the fvnctional cUfnCY of the charily. Monetary 8mounls in these financial statements are rojnded to th& n1¥$1 E. The financlal statemenls have been prepared undtrr the historical cost conventlon. Thg printapal accounting policies adopted ale sel out below. 1.2 Golng concern Al the lirlle of approving the financial slalements. the trustaas hav& 8 rè8sonable expectation that the charity has adequate resources to conlinue in operalional exisl8ncè for Ihè foreseeable future. Thus tha trusteès continue lo adopl the going concem basis ol aceour)ts"n9 in txeparing the linancial statements. 1.3 Charltabla funds Unrestricted funds are availabl• f(* us& at tho dixxetion ol the irusiees in furtheranca of th¥ir ¢h8rilabl& objectlV6S. Restricted funds are subJ'&ct lo sp8cifi¢ ¢orKlilK)ns by dorKJrs or granlors as to how thay may b& used. Thg purposes and uses of th¢ r&strideil furKls are set oul in Ihe notes lo the financial statements. Endowment funds are subject to spo¢th¢ ¢ondItKS by doTrJrs thal the capital must bo maint8tnod by the charity. 1.4 Incom& Income is recognised when the charily is legally enb.tled to it after any performance condilit)ns have been met, the amDurnts can be measured rèliably, and il is probable Ihal income w¢ll be received. Cash donations are recognised on receipt. Olher donations are cOgnIsed once the charity has been notified of the donation, unless performance condition5 require deferral of the an70un(. Income tax recoverable in relation lo donations received under GiftAid or deeds of covenanl is fecognised at the lime of the donation. Legacies are recognisèd on receipt or olhemse il the charity has been notified of an impending distribution, the arnount 15 known, and receipt is exp8clgd. If the amovnl is nol known. the legacy is treat8d as a contingent asset.
DOWNHAM DEMENTIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollelès IContlnu•dl Grants recei¥ablo Income from govemment and other gr8fbts, whether 'Capir or 'revenue' grants, 1$ accounted for using th& performance model. 11 Is recognised when the charity has entitlement to the funds. any perfomanc6 conditions atta¢h&d lo Ihe grants have been met. it is probable Ihat the income will be received and the amount c8n be measured reliably and is not dÈl8rr811 1.5 Expendlture ExpendilurÈ is r&cogni5ed once there is a legal or conslwciive obli9ation lo transfer economic benefit lo a third party, il Is Pfobable Ihat a Iransfer of economic benefits will be required in settlement, and the amount ol the obligation can be measured reliably. Expanditure is classifie(I by aclivily. Th8 Costs ol each activity ar¢ mad& up of Ihe total of direct costs and shared cosls, including support costs involved in undertsking e8ch 8clivity. Oirecl costs atlributabla to a singlo activity ar& allocatad dire¢lly to Ih8t aclivily. Shared cosls which contribute lo more than one activity and support costs which are not attributable lo a single acljvily ar& apportioned between those activities on a basis consistent wilh the use ol resourcas. Central staff costs are allocated on the basis ol limo spent, and depreciation ¢harg¢s a ollo¢alsd on Ihg wjrtion of Ihe a55el's use. 1.6 Cash and Cash •qulval•nt$ Cash and cash equivalents include cash in hand. depts1$ hekl al call with banks, other short-lemi liquld Invèstments with original malurilies ol three months or less. and bank overdrafts. Bank overdrafts are shown wilhin borrowings in currenl liabiliii8S. 1.7 Employ•• b•n•flt$ The cost of any unused hollday entlllem&nl Is rewnised in the peiicJ in which the empk)yaa's $8rvl¢g$ are received. Termination benefi15 are recognised immedlatety as an expense when the ¢harfty 1$ demon8trably comrnilted to lerminale the employment ol an employee or to provide teminalion ben$fits. 1.8 Retiremgnt bgngfits Payments lo defined eontrlbLrtk)n retiffjmenl benefit 5themes are carged as an expense as they fall dua. Crltlcal accountlng estlmates and Judgements In the application of thè charily's accounting policies. the trustee5 are required to make judgements, ostimalas and 8ssufTiplions about the carrying amount ol assels and liabilities that are not raadily apparènt from othér sources. The e51imales and associated assumptions ale based on histOrifAI èxp8rien¢& and other factor5 that are considered to be relevant. Aclual resutts may differ from thesè Èstirnates. The estirnales and undertying assumplions are vieWed on an ongoing basls. Revislons to aeeounllng eslimales are recognised in Ihe period in which the estimate is ViSed where the revision affec15 only that period. 01 in the period of Ihe revish)n aThJ fulure p&nods whèra th8 revisK)n affects both Current and future periods.
DOWNHAM DEMENTIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donatign$ and legacies Unr•strbCt•d Restrlct•d lund¥ funds 2024 2024 Totsl Unrestrlcted R•strlet•d fvnds funds 2023 2023 Totsl 2024 2023 Donalions and gilts Grants receivable 6.735 750 7,485 6,348 8.084 8.084 17.453 17,453 6.735 7.098 13,833 8,084 17,453 25,537 Grants rgcglvablo for core actlvlths NCF Grant- focu5 group sludy NCF - Connecting Okjer People Fund NCF . Jubliee Picnic Peoples Health Lolt&ry NCF Ulits'lies 270 270 4,782 200 5.596 6.875 4.782 200 5,596 6,875 6,078 6.078 6.348 6,348 17.453 17.453 Income from charllabl• aGtlvltl•• Unr•strlel•d Unrgstrlctod funds fund$ 2024 2023 Charltable actlvl¢l•J Calé inGom 201 Incom• from oth•r tradlng aetSvlli¢$ Unrestrlcted Unrestrletod funds funds 2024 2023 Fundraising events 3,464 532
DOWNHAM DEMENTIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on raising funds ilnr•5trl¢ted Restrlet•d fund funds 2024 2024 Totsl Unre$trlet•d Restricted funds fund$ 2023 2023 Total 2024 2023 Fundralslng and publlclty Slaging fundraisin9 events 1.350 1.350 61 620 681 Expéndlturè on ¢hJritable octlvltles Operatlon of Oporatlon of D•mentla Dementla Cafe Cafe 2024 2023 Dlr•ct co•t• Staff costs Rent Admin Insurance Trips Cafè oper8lin9 ¢081s Trainin9 Payroll charges Transport 15,832 1,886 1,669 335 292 218 139 327 141 7,963 2,232 1,623 266 115 489 369 140 455 8,294 136 1,066 511 828 Miscellan8OUS Promotlons 23,244 22,082 Share of support and governanc• eosts Is•• not• 81 Governance 720 480 23.964 22,2 Analysis by fund Unrestricted funds RestriclEd funds 12,862 11,102 6,518 16,044 23.964 22,562
DOWNHAM DEMENTIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs alloeatod to activities Operatlon of Dementla Caf• 2024 Total 2023 Govtsmance 720 480 2024 2023 Govornane• eo8t8 ¢0mprI. Accountancy 720 480 720 480 Tru8t••8 None of th8 truste lor any porsons connected thgml r1ved any remuneration or benghts Irom the charity during tha ygor. 10 Employee# The avgra9e monthly number ol employ8e$ during the year was.. 2024 Numb•r 2023 Number Employmtrnt ¢o$¢J 2024 2023 Wage3 and salaries Other pension Costs 15,728 104 7.963 15.832 7,963 There were no employees whos& annual rèmuneration was more than £60.000. Remuneratlon of kèy monJ9ement personnel The remuneration of key management personnel was as lolbws: 2024 2023 Aggregate compensation 8,762 5,575 10-
DOWNHAM DEMENTIA NOTES TO THE FINANCIAL STATEMENTS {CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 11 Taxatlon The charity is exempt from taxation its aclivities because al its incomè L% applied lor charitable purposès. 12 Rotlrgment benefit schemes 2024 2023 D•flned contrlbutlon schemes Charg0 lo profit or1055 in respecl ol defined contribution schemes 104 The charity op8rat8s a dehngd Conlribulion pension sc*eme for all qUalI.n9 employoeg. The ass815 01 the $ch•m• afg held $ep8rately from those of Ihe charity in an ind&peThJgntty administered fund. 13 Restrl¢l•d funds The restricted funds ol Ihe charily compris8 unèxpgnded balances of donations and grants hgld on trust subject lo specific conditions by donors as lo how Ihgy may be used. At 1 April 2023 Incomlng r•sour¢•8 R•$ouT¢•$ •xpond•d Transfers At 31 March 2024 Downham Markèt Town Coundl The National Lottery Community Fund NCF- Connects'ng Okler People Fund NCF Jubliee Picnic Peoples Heallh Lottery Granl NCF - Utilities NCF- Focus group study BCKLWN- funding for assets 1,000 24 1241 4.782 14,6571 11251 1501 80 19081 12701 1,490 6.078 16,192) 1,456 270 750 {2531 497 8.254 111.102} 11.2971 2,953 Prevlous year: At 1 April 2022 Incomlng resourc R¢sour¢wJ expended Trangfers At 31 March 2023 Donwham Mark8t Town Council NCF Grant The Nalional Lollery Community Fund NCF - Connecting Ok1er Peopl8 Fund NCF Jubliee Picnic Peoples Health Lollery Grant NCF Utilities 1.000 1,356 1,000 11,3561 5.109 (5,0861 23 4.782 200 5,596 6,875 4,782 50 1,491 908 11501 14.1051 {5.9671 7.465 17.453 116.6641 8,254
DOWNHAM DEMENTIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 13 Restricted funds Icontlnuedl Funding wa5 received from a range ol sour¢es. Th& grants paid for salaries, aCmMOdatIOn and activity costs. The donatLon from the Borough Council of King's Lynn and Wèst Norfolk 1$ for the charity to purcha58 branded a55ets. 14 Unr¥strl¢t¥d funds The unrestricted lunds of Ihe charity comprise the unexpended balancès of donations and grants which are not subject to specific ¢ondilions by donors and grantors 85 to how they may be used. These include design8t?d lund8 which have been Set aside out of unrestn'cled lunds by the trustees for specific purposes. At 1 Aprll 2023 In¢omlng r•Bou•S R•$ourc•• oxpgnded Transf•rs At 31 March 2024 Gentrr81 funds 7.719 12,205 114,2121 1,297 7.009 Provlous y8ar: At 1 Aprll 2022 Ineomln9 rè8ourc•$ R•soureè8 •xpend¢d Tran•fgrn At 31 March 2023 General funds 5,481 8.817 16,5791 7.719 15 Analysls of net as1$ between lund• Unrestrlctod funds 2024 R•strlct6d funds 2024 Total 2024 At 31 March 2024: Current assetsllliabilitiesl 7.thJ9 2,953 9.962 7.009 2,953 9.962 Unrestrlcted funds 2023 Restrlctad fund$ 2023 Total 2023 At 31 Mar¢h 2023.. Current a5set511liabililiesl 7,719 8,254 15,973 7,719 8,254 15,973 16 Related party transactions There were no disclosable related party transaclions during the year12023- rwe}. 12