## **Trustees’ Annual Report for the period April 1, 2024 - March 31, 2025 Charity name: Dementia Studio (formerly Imagine Artsdem Broxtowe) CIO Charity registration number: 1199448** 

## **Objectives** 

The objectives of the charity are to conduct activities which benefit the community and in particular (without limitation) to: 

- work with individuals with dementia and their carers to develop a place where people with dementia feel welcome and at ease; 

- support carers in the ways that best meet their needs; 

- apply research and practice knowledge about dementia and the arts to benefit people with dementia and their carers; 

- be a resource for the local community; and 

- be a centre of excellence in dementia care and support. 

## **Activities and achievements** 

In the year to 1 April 2025 we delivered services to at least 50 people affected by dementia and their close carers.  We signposted dozens more people who came to us for advice or information.  We provided more than 2,000 individual sessions of support to people affected by dementia, including: 

495 Day Care sessions for people with dementia supported by experienced staff and led by 

skilled artists 

500 Support sessions for couples where one person has dementia led by volunteers 

350 Sporting Memories sessions for couples where one person has dementia led by 

volunteers 

600 Carers Corner sessions led by volunteers 

10 Singing sessions led by volunteers in a neighbouring care home where some of our 

former guests now reside, involving 12-15 residents each time 

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We initiated: 

- Going Solo sessions for bereaved carers, attended by up to 15 people monthly. 

- Walk & Talk sessions for all our guests at local beauty spots. 

- Physiotherapist-led, dementia-friendly exercise courses (5 courses x 5 sessions each for 7 couples) funded by the National Lottery/Sport England in 2024-25 

We also held a summer picnic at Wollaton Park for 60 people, supported by Beeston Rotary. 

We hosted a Christmas party at the Royal British Legion, Beeston, with 100 invitees, supported by voluntary donations. 

We also published a Broxtowe Dementia Directory online and distributed 40 paper copies to referring agencies, with support from Broxtowe District Council. 

All of the above activities fulfilled our purpose of public benefit. 

## **Additional information** 

None of our activities could have been accomplished without the commitment and dedication of volunteers who bring relevant skills and experience to the different activities they provide or support. 

We changed our name to ‘Dementia Studio’ in February 2025 to make our purpose clearer. We have also taken a decision to recruit a paid Co-ordinator in 2025-26.  This is possible thanks to grants awarded by the McClay Trust and the Allen Lane Foundation. 

## **Reserves Policy** 

Our policy on reserves is to retain four months’ operating costs in unrestricted reserves. 

## **Summary accounts for 2024-5** 

Full accounts can be downloaded from the Charity Commission website or from www.dementiastudio.org 

## **Financial Review** 

A positive independent review of the charity’s accounts was given by John Harrison on 12[th] August 2025. 

## **Structure, Governance and Management** 

The charity is constituted as a CIO.  Trustees serve for 3-year terms.  They are recruited with a view to the skills of existing trustees and the needs of the charity. 

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## **Unrestricted Income & Expenditure 2024-5 compared to 2023-4** 


**----- Start of picture text -----**<br>
Unrestricted Income 2024 & 2025<br>Interest<br>Sales<br>Room hire<br>Gift Aid<br>Just Giving<br>Donations<br>Grants<br>0 5000 10000 15000 20000 25000<br>24 25<br>**----- End of picture text -----**<br>



**----- Start of picture text -----**<br>
Unrestricted Expenditure 2024 & 2025<br>Depreciation<br>Sundry expenses<br>Equipment & phone<br>Computer<br>Insurance<br>Rent and room hire<br>Studio supplies<br>Catering<br>Salaries, fees, oncosts<br>0 5000 10000 15000 20000 25000<br>24 25<br>**----- End of picture text -----**<br>


Note:  Grants are categorised as restricted income.  Since grant income varies widely from year to year, it is best to compare income and expenditure on unrestricted funds. 

3 



## **Reference and Administrative details** 

|Charity name|Dementia Studio CIO|
|---|---|
|Other name the charity uses|Formerly Imagine Artsdem Broxtowe CIO|
|Registered charity number|1199448|
|Charity’s principal address|19 Cedar Avenue<br>Beeston<br>Nottingham<br>NG9 2HA|
|||



||**Trustee name**|**Date of appointment**|**End date of service**|
|---|---|---|---|
|1|Justine Schneider|15 June 2024(2ndterm)|21 June 2027|
|2|Charlotte Atkinson|1 March 2024|28 Feb 2027|
|3|John Berry|1 August 2023|31 July2026|
|4|Deborah Kitson|14 July2023|13 July2027|
|5|Aretha Donkoh|15 June 2022|17 April 2025(resigned)|
|6|Paul Goddard|15 June 2022|13 March 2025(resigned)|
|7|Primo Sule|15 June 2022|14 June 2025|



## **Declarations** 

**The trustees declare that they have approved the trustees’ report above.** 

**Signed on behalf of the charity’s trustees** 

|**Signature(s)**<br>**Full name(s)**<br>**Position (eg Secretary,**<br>**Chair, etc)**<br>**Date**|JM Schneider||
|---|---|---|
||Justine Mary Schneider||
||<br>Chair||
||August 26th2025||
||August 26th2025||



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## DEMENTIA STUDIO CIO 

Formerly Imagine Artsdem Broxtowe CIO 

19 Cedar Avenue 



Charity Number 1199448 

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[ST] MARCH 2025 

Version 6/5/25 



## Dementia Studio CIO 

## **BALANCE SHEET AT 31[ST] MARCH 2025** 

|Note<br>**Fixed Assets**<br>4<br>**Current Assets**<br>Debtors<br>2<br>Cash at bank and in hand<br>Total current assets<br>**Liabilities**<br>Creditors:<br>Amounts falling due within one year 3<br>Net Current Assets<br>**Net Assets**<br>**The funds of the charity**<br>Unrestricted income funds<br>Restricted income funds<br>**Total funds**|2024<br>2887<br>2250<br>43670<br>45920<br>(11201)<br>34719<br>**£37606**<br>37017<br>589<br>**£37606**|2025<br>2566<br>2669<br>59011<br>61680<br>(121)<br>61559<br>**£64125**<br>51928<br>12197<br>**£64125**|
|---|---|---|



Approved and agreed for publication by the Management Committee 

**______________________________** 

## **CHAIR** 

**______________________________** 

## **DATE** 

Page **2** of **8** 



## **Dementia Studio CIO** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025** 

|**Incoming Resources**|Unrestricted|Restricted|Total 2025|Total 2024|
|---|---|---|---|---|
|Grants|12099|20360|32459|19024|
|Donations|7186|--|7186|7390|
|Just Giving|614|--|614|1417|
|Gift Aid|1508|--|1508|513|
|Room hire|3050|--|3050|2400|
|Sales|22031|--|22031|17926|
|Interest|739|--|739|295|
|**Total incoming resources**|47227|20360|67587|48965|
|**Resources expended**|||||
|Salaries, presenters’ fees, NI, & pension|18290|7547|25837|17792|
|Catering|821|589|1410|1215|
|Studio supplies|984|--|984|570|
|Professional and legal costs|--|--|--|851|
|Rent and room hire|9071|498|9569|7250|
|Materials and excursions|--|--|--|4804|
|Training|350|--|350|--|
|Utilities|120|--|120|--|
|Insurance|235|--|235|214|
|Computer software, web design and stationery|627|--|627|337|
|Equipment repairs less disposals|-48|--|-48|665|
|Sundry expenses|1545|118|1663|1076|
|Depreciation|321|--|321|321|
|**Total resources expended**|32316|8752|41068|35095|
|**Net incoming resources**|14911<br>|11608|26519|13870|
|**Funds brought forward**|<br>37017|589|37606|23736|
|**Total funds carried forward**|**51928**|**12197**|**64125**|**37606**|



Page **3** of **8** 



## DEMENTIA STUDIO CIO 

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[st] MARCH 2025 

## **1. ACCOUNTING POLICIES** 

Basis of the preparation of the accounts 

The accounts have been prepared in accordance with the charity’s constitution, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice” applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)” (as amended for accounting periods commencing from lst January 2016). 

This is a Public Benefit Entity as defined by FRS102. 

## Incoming resources 

All material incoming resources have been included on a receivable basis – ie they are included if the date receivable falls within the period covered by these accounts 

## Resources expended 

These have been analysed using a natural classification 

Page **4** of **8** 



## DEMENTIA STUDIO CIO 

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[st] MARCH 2025 

## **2. Debtors** 

||**2024**|**2025**|
|---|---|---|
|Insurance prepaid|100|134|
|Room hire|1250|875|
|Rent prepaid|300|300|
|Day care|600|1360|
||**£2250**|**£2669**|



## **3. Creditors** 

|Salary<br>Presenters fees<br>Independent examination<br>Room hire<br>Marketing<br>Grants<br>**4.**<br>**Fixed Assets**<br>Brought forward<br>Purchased in period<br>Depreciation @ 10% cost|**2024**<br>**2025**<br>360<br>--<br>252<br>--<br>--<br>--<br>--<br>62<br>--<br>59<br>10589<br>--<br>**£11201**<br>**£121**<br>**2024**<br>**2025**<br>3208<br>2887<br>--<br>--<br>(321)<br>(321)<br>**£2887**<br>**£2566**|
|---|---|



Page **5** of **8** 



## DEMENTIA STUDIO CIO 

## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[st] MARCH 2025 

## **5. Movement in Resources** 

||**Incoming**|**Outgoing**|**Total 2025**|**Total 2024**|
|---|---|---|---|---|
||**£**|**£**|**£**|**£**|
|Unrestricted funds|47227|(32316)|14911|13281|
|Restricted funds|20360|(8752)|11608|589|
||**67587**|**(41068)**|**26519**|**13870**|
|**Total Resources**|**Unrestricted**|**Restricted**|**2025**|**2024**|
|Current year|14911|11608|26519|13870|
|Balances brought forward|37017|589|37606|23736|
|Total funds|**£51928**|**£12197**|**£64125**|**£37606**|



Page **6** of **8** 



## DEMENTIA STUDIO CIO 

## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[st] MARCH 2025 

## **6. Analysis of Net Assets by Fund** 

|**Net current**<br>**Assets**|**Unrestricted**<br>£51928|**Restricted**<br>£12197|**Total 2025**<br>£64125|**Total 2024**<br>£37606|
|---|---|---|---|---|
||||||



## **7. Staff Costs and numbers** 

||**Year ended 31 March**|**Year ended 31 March**|
|---|---|---|
||**2024**|**2025**|
||£|£|
|Salaries and presenters’ fees|17010|24973|
|Employer National Insurance|32|--|
|Payroll Administration|750|864|
||**17792**|**25837**|



No employee received emoluments of more than £60 000 in the year 

The average weekly equivalent number of full-time employees during the year was one (2024 - one) 

## **8. Trustees’ remuneration, benefits and expenses** 

No expenses, remuneration or benefits were paid to Trustees during the year 

## **9. Independent examination and accountancy services** 

During the period, the cost of an independent examination was £NIL 

Page **7** of **8** 



## DEMENTIA STUDIO CIO 

## NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31[st] MARCH 2025 

## **10. Reserves Policy** 

10.1 The charity aims to build up and retain an amount representing four months of its running costs, to ensure continuity and the ability to meet commitments during periods of uncertainty in funding. 

10.2 Of the unrestricted reserves, £9,000 has been earmarked for the costs of employing a co-ordinator. 

## **11. Objects of the charity** 

The objects of the Dementia Studio charity shall be to adhere to all laws and 

regulations with regards to the employment of disabled persons. 

The charity currently offers employment and voluntary work to people irrespective of disabilities. 

The principal activities of the charity are social work activities related to individuals with dementia and their carers. 

The charity is non-political and is an equal opportunities organisation with regards to membership and employment. 

Page **8** of **8** 



INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF
DEMENTIA STUDIO CIO
I report on the Financial Statement5 of the Charity for the year ended 31 March 2025 in
respect of my eKamination carried out in accordance with the Charities Act5.
Responsibilltles and basi5 of report
A5 the chèrity's trustees you are responsible for the preparation of the financial statements
in accordance the Charitie5 Act 20111"the Act~l.
I report in respect of my exatnination of the Trusys accounts carried out undertectSon145
of the 2011 Act and in carrying out my examination, I have followed all the applicable
Directions given by the Charity Commission under section 14515llbl of the Act
Independent Examlnerfs Statement
I have completed my examination. I confirm that no material matters have come to rny
attention in connection with the examination which gives tne cause to believe that in. 3ny
materi31 respect,.
a. The accounting records were riot kept l accordance with section 130 of the Charities
Act-, or
b. The account5 did not accord with the accouriting records,. or
c. The accounts did not comply with the applicable requirernents concerning the form
and content of accounts Set out in the Charities (Accourits and Reports) Regulations
2008 other than any requirement that the account5 give a 'true and fair, view which
is not a matter considered as part of an independent examination.
I have no concerns and have corne acFOSS no other matter5 in connection with the
exarnination to which attention should be drawn in thi5 report in order to enable a proper
understanding of the accounts to be reached.
John P Hafrison FCA
Chartered Accountant
8 Farnham House
LoughborouÈh Road
Quom
LOughb￿0ugh LE12 8XH
12 August 2025