Charfty r•gbtratlon number 1195466 (England and Wales) DOWNHAM DEMENTIA ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
DOWNHAM DEMENTIA LEGAL AND ADMINISTRATIVE INFORMATION Tru8ts0$ J Afred J Pike R Minogue (Appointed g April 20251 Charity nUMr {England and Wales) 1195466 Principal address 7 Bumham Road Downham Market Norfolk PE38 9SD Indepond•nt examlngr Mapus-smilh & Lemmon LLP 48 King Street Kiro's Lynn Norfolk PE30 1HE
DOWNHAM DEMENTIA CONTENTS Page Trustees, report IndeperKlent examln6rfs report Statement of flnanclal activities Balan(* she&t Notes to th8 financial statements 6-13
DOWNHAM DEMENTIA TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The twslees present thelr annual report and t7nanclal slalements for the year anded 31 March 2025. The financial statements have b88n prepared in accordance wlth the accounting polkles set out In not& 1 to the financial statements and comply with th8 charity's goveming document, the Charities Act 2011, FRS 102 'Th8 Flnancial Reportlng Standard applicable in the UK and Republic of Ir8land" and the Charities SORP "Accounting and Reportlng by Charib8s-. Statement of Recommended Practice applicable to charhies proparing their accounts in a(tordanc8 wlth the FinarKial Reportlrwj Stsndar(l applicable In the UK and Republlc of Ireland IFRS 102).. Objectlves and activiti08 The objective5 of the charity are to preseNe and protect good health among people th dementia. their families and carors, in Downham Market and the Surrounding Area, in parbcular bul not exclusrvely, through the provision of a safo environm6nl lo hold regular meetings to provide stimulating experiences through recreation. Aso to provid 80aal trips and to gwe practical and emotional support, help and advice. The tru8tses have paid due regard lo guidance 588ued by the Charity Commission in decldlng what actwities the charfty should undertake. Achievements and perfomianco Downham Demonlla has created a safe r%dng and positive environment for those diagnosed with the nditIOn trf Dementia and their caregivers. Inttially created in 2015 under the name Downham Dèmentia Support Association11 inilially ran once a month, extending lo with various organise(I social trips occurring. It also ur¥Jèrtook community training events in the subject of Dementia the Association was run by a management committ8e. The need for the communlty-based $8rvic8 grew and the decision was taken by th8 Committee to bècome a charlty In 2021, and three trustees were chosen from the committee. The charity now runs five café sessions per month. alongslde communty soclal activities. and community fundraising 8vents. al which th8 Charity is promoted. The Cafés continue to off8r friendship and activities alongslde practical advice where requlred. The charfty has grown steadily. The numbers attending have grown from six per month at the fomiation of the A$Sl8tiOn lo over one hundred per month currently, and Downham D8mentla will o)nlinu8 ils steady growth as fundlng permits. These activities 11 be 18d by the needs and wishes of those that attend and several OpOn8 for fiJbJre growth have been identM8d. In short. the charity grew out of a need 8xpr8ssed by the cornmunity for such a SeIC@ and is largely run by members of the community providing a service which th8 community engages with. The charity performance will bg evalualed in a number of way8 i.e. through att8ndance and impact assessments using known tools lo me88ur8 changa and through commisslonlng an evaluation of the work of th8 charity, and the step8 It may naed to take to improv8 both performanc8 and delivery. The setvice will also indude benefirAarie5 in the work il is planning lo move forward. This includes the inauguration of an a(fvocacy seNice to fvrther sUPPOrt carern in securing the help to which they are entitled. A Sitting Service which was also 8 suggestion from ben8fficlaries began in late 2024 and will develop furlher as voluntsers are recruited. The funding environment remains challenging, the reality of avallable fundlng golng to less than 4 % of the charftie8 in England & Wales highlights the fact that important work Carried out al the grass roots is chronically underfunded and leaves organisations vulnerable, and competition for diminishing grant funding fle and complex. Downham Dementia was therefore dglighted to achiev& national lottery funding via the reaching communthes grant for three years, which should help Secure its fulure providing match funding can be achieved. Thls grant began on 1.7.2024. Flnancial retW Incomlng resources during th8 year amounted to £56,093 {2024 - £19,303), of whlch £42,670 {2024 - £7,098) is re5trlcted and £13,423 (2024 £12,205) Is unrestrlcted. Resources expanded on chari18blg 8Ctivi118s In the year totalled £40,321 {2024 - £25.3141, of whlch £26,45212024 - t11.102) is reslricled and £13,86912024 - £14.2121 Is unr8Strictad. As al 31 March 2025, the charty ld £18,421 12024- £2,953) in restriciad funds and £7,313 (2024- £7.0091 in unrestrict8d funds.
DOWNHAM DEMENTIA TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 It Is the policy of th8 charoty that unreslrfGted funds which hav8 nol been d8signat8d for a specific usa should be maintsined at a level equNalent lo betsv88n three and six month's expenditure. The trustees consider that res8rves al this 18vel will ensure that. In th8 event of a significant drop in funding, they VAII be able lo contlnuo th8 charity's current activities while considaration is glven to ways in whlch additional funds may be ralsed. ThÈslol of reserves has been maintained throughout the r. structurep governance and managemant The Gharity wa8 registsred as a charitable incorporated organSsatlon on 10 August 2021, number 1195466. The trustees who servgd durfng the year and up to the dats of signature of financial statements were: J Awred J Weslrop J Pike B Hobbs R Minogue (Resigned 16 February 2025) (Reslgned 23 May 2024) (Appointed 9 Aprfl 2025) Trustee recrultrnent is compl8t8d In line with th8 pollcy designed to attract trustees who can advanc8 the alm5 arKI objectivès of the charity There is a rècruttsnent pack in plac8 detailing what is requlred of a Trustee. and potential Trustee8 are asked lo complete a short appllcatlon form and be Intervlewed by the Chalr of Trustees It is a Board decision as to who a Trustee may be The first Trustees ware appointed by th8 pr8viou5 managemont committee. The senior offiryal to whom the day to day management of tha charlty Is delegated ty tha charY trustees 1$ Iho Dementia Project Manager. The tnJ$tees' report was aptffoved by the Board of Trustees. J Alfrad Chairman
DOWNHAM DEMENTIA INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DOWNHAM DEMENTIA I report to the trustees on my examlnatlon of th8 finarla1 statements of Downham Dementia (the charftyl for th8 year 8rMJed 31 March 2025. Responslbllltles and basls of r•port As the trustees of the charity you are responsible for the preparation of tha financial statements in accordan(* with the requiremgnts of the Charities Act 2011. I report in respect of my examination of th8 charity's financial slalemen18 carri8d out under section 145 of the Charities Act 2011. In Garying out my examination I have followed the Dir8Ctions given by the Charlty Commission under s8clion 145(5llbl of the Charitie8 Act 2011. Independent aMIn?s statement Your attention is drawn to the fact that the charty has prepared the financial statements in accordance with the relevant version of the Stalemant of Recommended Practice applicable to charities preparing thair financial statements in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Irelanij {FRS 102} in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which Is referred to in the extant regulations but has now b88n wthdrawn. l undorstand that this has been done in order for the financial statements to provlde a true and fair view in accordance with UK Generally Accepted Accountsng Practlce. I have completed my examination. I conffirm that no matters have come to my attention In connection with the examination giving me caus8 to believe that in any matsrfal respect.. accounting records were not kept in pect of the chority as required by 8eclSon 130 of the Charities Act 2011. Ihg financtal statements do not accord with those records. or the financlal stal8m8nts do not comply wllh the appli¢abl& raqulrements concemlng the form and content of ftnanclal sla18m8ntS S81 out in the Charltl8s (Accounts and Reports) Regulations 2008 other than any r8quirement that the financial statements give a trua and fair wew. which is not a matter considered as part ol an indep8ndenl gxamination. I have no concerns and have come across no other mattars In connectton wth the examlnalion to which attenlon should be drawn in this report in order to enable a proper understanding of the financial slalemenls to be reached. Js aron Edward$, F.C.A. Mapus4mith & Lemmon LLP 48 King Slr88t King's Lynn Norfolk PE30 1HE
DOWNHAM DEMENTIA STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrastrlctfjd R8strictod funds funds 2025 2025 Total Unrestrfctsd Restricted funds funds 2024 2024 Total 2025 2024 Notss Income from: DonalFons and legacies Charitable adivities Other trading activities 5,935 3,719 3,769 42,670 48.605 3.719 3.769 6.735 2,006 7,098 13,833 2.006 Total Income 13,423 42,670 56,093 12,205 7,098 19.303 Expondltur• on: Raising funds Charftable activities 3,037 10,832 3,037 37.284 1,350 12,862 1.350 23,964 26,452 11.102 Total expenditure 13,869 26,452 40.321 14,212 11,102 25,314 Net Incomellexp8ndlture) (446) 16.218 15,772 (2.0071 (4,0041 16,011) Transfers be08n funds 750 (7501 1,297 (1,2971 Net movement In funds 304 15,468 15,772 {7101 {5.3011 16,0111 Re¢on¢iliation of funds: Fund balances at 1 April 2024 7,009 2.953 9,962 7,719 8,254 15,973 Fund balances at 31 March 2025 7,313 18.421 25,734 7,009 2,953 9,962 The statoment of financial act188 Indudes all gains and10sses recL¥nised In the year. PJI inwme and exp8ndtture derive from continulng activities.
DOWNHAM DEMENTIA BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Current as80ts Cash at bank and in hand 25.734 9.962 Net currnnt assets 25,734 9,962 The fvnds of th• charity Restrict8d income funds Unr8Stricted 14 15 18,421 7,313 2,953 7,009 25,734 9,962 The financial statements were approved by the trustees on ......... J Alfred Chairman
DOWNHAM DEMENTIA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollGles Charlty Infomiatlon Downham Dementia was r8gistsred as a charitable incorporated organisation on 10 August 2021 under charity numb8r 1195466. The charitls principal address is 16 Churchill Way, Park Lan8 Estat8. Downham Market, PE38 9RS. 1.1 Accountlng convention The financial statements hav8 been propared In accordance with the charivs goveming document. the Charities Act 2011. FRS 102 'The Financial Reporknng Standard applicablg in the UK and Republic of Ireland, and the Chariti85 SORP 'Accounting and Reporting by Charities.. Stal8m8nt of Recommended Practic6 applicable to charities preparing their accounts in accordance with the Financial Reporbng Standard applicable in the UK and Republic of Ireland (FRS 102)" The charityls a Public Benefit Entity a5 definad by FRS 102. The chartty has taken thontage of the provlslons In the SORP for Gharilies rtot to prepare a statsment of cash ftows. The financlal statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent requlred lo provtd8 a true and fair wew. Thi5 departu has involved following the Slalemenl of Recommended Practice for chartties applying FRS 102 rather than the version of the Statsment of Recommendod Practi whiGh is referred to in the Regulations bul which has since been withdrawn. The financial statements are prepared in sterling. which Is the functional currency of the charity. Monetary amunts in these financial stataments are rounded lo the nearest £. The finandal slatements have been Prepared under the hi8torfcal cost convention. The principal accounting policie5 adopted are set out below. 1.2 Going concem At the time of approving the financial statements, th8 trustees have a reasonable expectatlon that the charity has adoquale resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going ¢on¢em basis of accountlng in preparing the financlal statements. 1.3 Charitable funds Unrestricted funds are avallable for use al the discretion of the truste8s in lurtherance of their charitsble objectnie5. Restricted fvnds arg subject to SP8cffic conditions by donors or grantors as to how they may be used. The purposes and usas of the restricted funds are set OLrt in the not&s to th8 financial statements. Endowment funds are subject lo spocfflc con(Iltlons by donors that the capital mu8t be maintained by the charity. IA Income Income Is recognised when thè Charity Is legally entitled to il aft8r any performance condition8 have been me( the amounts can b8 measured reliabty. and it 18 probable that incomg will be rècèived. Cash donations are recognlsed on recelpt. Other donations are recognlsod once the charity has been notffied of the donation, unless perfomiance conditions require defeal of th8 amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognisad at the time of the donation. Lega¢le8 arè r8cognls8d on receipt or otherwi86 If tha charfty has been notified of an Imp8ndlng dl8trfbLrtlon, the amount is known, and receipt is 8xp6ct8d. If the amount is not known, the legacy is treated as a Gonlingenl asset.
DOWNHAM DEMENTIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Con*lnued} Grants receivable Income from government and other grants. whether 'Gapital' or 'revenue' grants, is accounted for using the performance model. It is recognised when the charity ha5 entillèmonl to the funds, any perfomiance condltions attached lo the grants have been mel, it is probable that tho Income will be reiVed and the amounl can be measured reliably and is not deferred 1.5 Expondlturn Expenditure is recognised unce there is a legal or constructive obligation lo transfer economic ben8fi1 to a third party, it Is probable that a Ir8nsf8r of economic benefits will be required in 8ettlement, and the amount of the obligation can b& moasurad reliably. Expenditur6 is classified by activity. The costs of each actiwty are mad8 up of the total of direct Wsts arwj shared costs, including support costs involved in undertaking eath aclivty. Direct costs attributable to a single activity are allocated directly to that actlvity. Shared costs which contribute to more than one activity arb Support costs which are not attribLrtable to a single activtty aro apportioned befvRen those adiwlies on a basis ¢onsist8nl with the use of resources. Central staff costs are alloca18d on the basis of time spent. and depreciation charges are allocated on the portion of the ass8Vs use. 1.6 Cash and cash èqulval•nts Cash and cash equNal8nts includ8 cash in hand. deposit8 held al call with banks, other short-term liquld investrnents wlth orinal maritieS of three months or le88, and bank ov8rdrafts. Bank overdrafts are shown whhin borrowings in current liabilities. 1.7 Employee b•neftts Tho cost of any unused holiday entiljement is recognisad in the period in which the employee'8 semces are received. Tarmination benefits are recognised imm8dlatsly as an expense when the charity Is demonstrably committed to temiinate the employment of an omployee or to provide termination ben8ftts. 1.8 Retlrem•nt benafits Payments to defined contribution r8tlremenl benefit schemgs are charged as an expense as they f811 dug. Crltlcal accountlng estimates and judgomonts In th8 appllcalb)n of the ¢haritys accounting pollcles, tha tNstees or8 roquired to make judgernents, estimates and assumptions about the carytng amount of assets and liabilities that are not readily apparent from oth8r sources. Th8 estimates and associated assumptions arg based on historical experience and other factors that are cKJnsidered to be relev8nt. Actual results may differ from these estimates. The estimatets and underfying assumptions ar8 reviewed on an onGKJing basis. Revl8lons lo accountirwJ estimate5 are recogni5ed in the period in which the estimate is revlsed where the revision aff8cl$ only that perfod, or in the poriod of the revision and future periods where the revision affects both current and future perfods.
DOWNHAM DEMENTIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donatlons andlogaclos unrestCted Re$trld•d funds funds 2025 2025 Total un1r1¢d Restrlcted fvnds funds 2024 2024 Tot•1 2025 2024 Donations and gifts Grants 5.935 5,935 42,670 8.735 750 7,485 6.348 42,670 5,935 42,670 48.605 6.735 7.098 13,833 Grants NCF Love Norfolk Mccarthy & Ston6 NCF Grant- focus gftjup study The National Lottery Community Fund NCF - Connectlng Older People Fund Peoples Health Lottery 4.839 7,500 4,839 7.5C() 270 270 21,616 21,616 7,500 1,215 7.5¢X) 1.215 6,078 6,078 42.670 42,670 6,348 Income frorn charltabl• actfvltles Unrg$trfcted funds 2025 Unrè#tricted funds 2024 Charltsblo act111e8 Sale of goods 3.719 2,006 Income from other trading activitiès Unrostrlcted Unrestricted funds fund• 2025 2024 Fundr8lsJng ovents 3.789
DOWNHAM DEMENTIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendltur• on ralslng funds Unr8strlct•d Unrostrlcted funds funds 2025 2024 Fundralslng and publlclty staglng ffiJndrai5ing events 3,037 1,350 Expendlture on charitsble actlvltlos Operatlon of Operatlon of Dementla D•mentla Cafe 2024 2025 Dlrect ¢08ts Staff costs Rent Admin Insurance Trips Café Op8raOng Costs Training PayToII Changes Transport Acliviti8s Miscellaneous Promotions 28,579 2,546 720 424 484 302 755 313 281 1,125 949 15.832 1,886 1.669 335 292 218 139 327 141 1,066 511 11 86 828 36.564 23,244 Sharo of ¥upport and governance costs (see noto 8> Governance 720 720 37,284 23,964 Analysis by fund Unrestricted fund5 Resthcted fund8 10,832 26,452 12,862 11.102 37,284 23,964
DOWNHAM DEMENTIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allo¢at•d to actlvlties Opgratlon of Oomentia Cafe 2025 Total 2024 Govemanca 720 720 2025 2024 Govgrnance costs comprlse: Indep8ndent examination 720 720 720 720 Net movomfrnt In fund5 2025 2024 The net movement In funds is stated after chargingllcrediting): Fees payable for tho independent 6xaminalon of the charftys financlal statements 720 720 10 Trustees None of the Irust88s lor any persons (xjnnected wh them) receiv8d any remuneration or benefits from the charity durlng tha year. 11 Employees The av8rage monthly numbar of employees during th8 year was.. 2025 Number 2024 NuMr Employment $ts 2025 2024 Wagos and salartes Other pension costs 28.408 171 15,728 104 28,579 15,832 Thère were no employoes whose annual remuneration was more than £60.000. 10-
DOWNHAM DEMENTIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Ernplwès (Contlnuod) Remuneration of kèy management personnol The remuneration of key management personnel was as follows.. 2025 2024 Aggreg8t8 comp8nsatlon 8,669 5,575 12 TatIOn The charfty Is axempl from taxation on its acllvi1168 because all its incom8 is appli8d for charbtable purposes. 13 Retlremenl beno111 schomos 2025 2024 D•llTr•d contrtbutlon 8cheme8 Charge to profft or loss In respect of deflmd contribution schemes 171 104 The tharity operates a defined contribution p8nslon scheme for all qualfying 8mployeos. The assets of the scheme are held Separately from those of the charity in an independendy admini8tered fund. 14 R•strf¢tsd funds The r8strfcted ftjnds of the charity compdse the unexpendad balancas of donation5 and grants h6ld on trL1 subject to specific conditions by donors as to how Ih8y may be used. At 1 Aprll 2024 Incomlng r8sourc0S R•sourc•s oxpended Transf•rs At 31 Mar¢h 2025 Downham Market Town Council NCF- Connecting Older People Fund Peoples He81th Lottery Grant BCKLWN - fijnding for assets Mccarthy & Stone NCF- Lov8 Norfolk NalM)nal Lott8ry 1,000 1,000 7.500 1,215 7,500 1,456 497 11.9211 17501 497 2.328 821 6.275 7.500 4,839 21,616 15,1721 14,018) 115.341) 2,953 42,670 126.452) (7501 18,421 11
DOWNHAM DEMENTIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 ReBtri¢tsd funds Icontlnued) Prevlous year: At 1 April 2023 Incomlng Resources resources expended Transfvrs At 31 March 2024 Downham Markat Tovm Coun The National Lottery Community Fund NCF- Connecting Older Peopl& FurKI NCF - Jubli88 Picnic Peoples Health Lottery Grant NCF- Utilities NCF- Focus group study BCKLWN- funding for assets 1,OCM) 1,000 24 (24) 4,782 50 1,490 908 (4,65T) 1125) (50) 80 1908) 1270) 6,078 (6.192) 1,456 270 750 1253) 497 8,254 7,098 (11,102) (1.297) 2,953 Funding was received from a rdnga of sources. The grant5 paid for salaries. accommodaOn and actNity costs. The donation from tha Borough Counc51 of Klng's Lynn and West Norfolk is for th8 charity to purchas8 br8nded assets. 15 Unr•strlcted funds The unrestricted funds of the charsty compriso the unexp8nded balan of donatior15 and grants which are not subject to SPeriC conditions by donors and grantors as to how they may be used. Thes8 indude designated funds which have boen sat aside out of unrestricted funds by the Injstees for Specific purposes. At 1 Aprfl 2024 Incomlng r•$ourc•s Resources expended Transfers At 31 Mar¢h 2025 Gengral funds 7,009 13.423 113.869) 7SO 7,313 Previous year: At 1 Aprll 2023 Incornlng Resource¥ èxpend•d Tran8forn At 31 Mar¢h 2024 General funds 7,719 12.20S 114.212) 1.297 7,009 12-
DOWNHAM DEMENTIA NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Analysi¥ of net assets betwoen funds Unrestrlcted funds 2025 Restrlctsd funds 2025 Totsl 2025 At 31 March 2025: Current ossetsl(liabilitie81 7.313 18,421 25,734 7.313 18,421 25,734 Unrestrlcted funds 2024 Rostrfctgd funds 2024 Totsl 2024 At 31 March 2024: Current assetsllliabilities) 7.009 2,953 9,962 7.009 2.953 9,962 17 R01atsd party tr8nsactlon8 Th8r6 were no dlsdo8able related paty transadons during the year (2024- none). 13-