CHARITY REGISTRATION NUMBER: 1199504 Dementia Caring Unaudited Financial Statements 30 September 2024 CH BIWELLS ACCO ANTS LIMIT Chartered aGGountants 217 Long Lane Halesowen West Midlands B62 9JT
Dementia Caring Financial Slatem8nt8 Year ended 30 September 2024 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities statement of financial position Notes to the financial statements The following pages do not fomi part of the financial statements Detailed statement of financial activities 16
Dementia Caring Trustees, Annual Report Year ended 30 September 2024 The trustees present their report and the unaudited financial statements of the charity for the year ended 30 September 2024. Refer•n¢e and admlnlstrative detall$ Reyistered charity name Dements'a Caring Charity rgglstration number 1199504 Principal office 36 Ragley Close Tamworlh B79 7SW Tho trustees Mr B Coleman Mrs A Mallhewson Mrs L Murfin Mrs G Willis Mr J Downie Mrs C Hartl8nd {Appointsd 16 March 20241 Independent oxamlner Mr Christopher Goldle Bsc ACA 217 Long Lane Halesowen West Midlands B62 9JT Structure, govemance and management Dementia Caring is consliluled as a Charitable Incorporated Organisalion {CIOI with its principal office based in Staffordshire. England. The affairs of the CIO are managed by a Board of six Iruslees. Decisions by the Iruslees are taken al regular meetings., or by resolution In writlng lor electronic forml, and in accordance with a majorsty. Th charity employs a VolunleerlProjeGI Co-ordinator to manage the recruitment, Coordination and deployment of volunteers. The day-lo-day management of the VolunteerlPmle¢t Co-ordinator Is overseen by the Chair of the Twuslees. Regular reports of all the activities undertaken by the VolunleerlProjecl Co-ordinator are made lo the full BoaTd of Trustees. Objectlves and activltles The charitvs prime objectives are.. To piomote and protect the physical and mental health of people living wlh dementia and their carers in Tamworth and Lichfield and surrounding areas through a Day Care Centre that provides a secure and enrichillg environment. To advance the education of the public in Tamworlh, Lichfield and surrounding areas of the impact of dementia on indivtduals and their carers
Dementia Caring Trustees, Annual Report fcontlnued) Year ended 30 September 2024 Achievements and perfonnance During the last iwelve months the charity has continued to run its 3-hour weekly Tlme Out Club in Elford offering support lo families living with dementia. The overall numbers of families being supported on a weekly basis has been increased from 12 to 16, in line with an increase in the number of volunteers involved. The support has included a range of activitie5, such as exercise & movement, crafts, garnes, music and enteitainmenl, for those with dementia and support for their caregivers in the form of respite, Yoga and regular input from dementia speclalists, In April 2024. the charity with funding from the UKSPF Prosperity Fund, launched a new Time Out Club in Tamworth. This has increased the overall support the charity has been able to offer to local families living with dementi8 as w811 as the creation of new volunteer opportunities for local people. Details of thè operations of both Time Out Clubs can be found al., www.dementiacaring.org.uk Building on research conducted over the past 12 months in partnership with the Midlands University NHS Foundation Trust, the charity has established caregiver support groups in Lichfield and Tamworth. These groups meet monthly, offering caregivers the chance lo connect Mfjlh others. access relevant Information and advice. and receive peer support. Volunteers also take part in the sessions, provldlng support and engaging acb'vilies lor individuals with dementia who 8ccompany their caregivers. The charity has also sel up a new web site (ww,demenliaexchange.org.ukl that provides relevant and up-lo-dale information of support and acllvilies for families living with demenlla in Lichfield and Tamworlh. Other activities have incluLled an annual Memorial Picnic lo remember those who have been lost to dementia.. attendance al l¢xally based dementia awareness raising and volunleer recruilmenl events. fund raising acb'vits'es including an annual concert,. and liaison with local s¢h¢ols and community groups lo raise awareness of dementia and ils challer¢ges. Overall, the charity has ¢realed over 35 volunteering opportunities for people living in the Tamworth and Lichfield areas. Flnanclal review The charity has a surplus of £17,874 in unrestricted activities at the end of the year. These reserve5 will be held to fijnd future activities and ensure the ongoing operation of the charity. During the year the charity had used all of the restricted funds retained in the previous year, being £7,735, which related to the Dementia Exchange project that finished in spring 2024. The charity received £4.095 in reslricled funds for the Time Out Club during the year. all of these fund8 were used dLtring the year. There were no reslricled funds held at the end of the year.
Dementia Caring Trustees, Annual Report (eontlnued) Year ended 30 September 2024 The trustees, annual report was approved on 5 June 2025 and signed on behalf of the board of Iruslees Mr B Coleman Trustee
Dementia Caring Independent Examiner's Report to the Trustees of Dementia Caring Year ended 30 September 2024 I report to the Iwslees on my examination of the financial statements of Dementia Caring ('the charity'} for the year ended 30 September 2024. ResponsSbSlltles and basis of report As the Iruslees of the charity you are responsible lor the preparation of the financial statements in accordance with the requirements of th& Charits'es Act 20111'lhe Acl'l. I report in respect of my examination of the charity's fi'nancial 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 14515}{bl of the Act. Independent examinerts statement I have completed my examlnatK)n. I confirm that no malerlal mallers have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting rec(Kds were not kept in respect of the charity as required by section 130 of the A¢l', or thè financial slalements do not accord with those records., or the financial statements do not comply with the appllcable requirements concerning the form and content of accounts set out in the Charities (Aecounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a maller considered as parl of an independent examlnation. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Mr Christopher Goldie Bsc ACA Ind8pendenl Examiner 217 Long Lano Halesowen Wesl Midlands B62 9JT
Dementia Caring Slatement of Financial Activities Year ended 30 September 2024 Period from 30 Jun 22 10 30 Sep 23 Year to 30 Sep 24 Unreslricled Reslricled funds funds Total funds Total funds Note Income and endowments Donations and legacies Charitable activities Other trading activities Total income 7,547 10,935 299 4,095 11,642 10,935 299 39,131 1,393 40,524 18,781 4,095 22,876 Expendituro Expenditure on raising funds.. Costs of raising donations and legacies Total expendlture 15,003 15,003 11,830 11,830 26,833 25,833 18,693 18,693 Net {expendlture)Ilncome and net movement in funds 3,778 17,7351 13,9571 21,831 Reconciliation of funds Total funds brought forward Total funds carried fonvard 14,096 17.874 7,735 21,831 17,874 21,831 The statement of financial activllies include5 all gains and losses recognised in the year, All incomè and expenditure derive from continuing aclivilies. The note8 on pages 7 to 14 form part of these financial Statements.
Dementia Caring Statement of Financial Position 30 September 2024 2024 2023 Note Flxed a8set8 Tanglble fixed assets 12 345 408 Current assets Debtors Cash al bank and in hand 13 247 18,309 18,556 228 21,955 22,183 Crgdltors: amounts falllng due within one year Net current assets 14 1,027 17,529 17.874 17,874 758 21,425 Total assets less current liabilities 21,831 21,831 Net assets Funds of the charlty Restricted fvnds Unreslricled funds 7,735 14,096 21,831 17,874 17,874 Total charity funds 16 These finar¢cial statements were approved by the board of trustees and aulhorised for issue on 5 Jun 2S, and are signed on behaLf of the board by.. Mr B Coleman TTUStee Thè notes on pages 7 to 14 form part of the$e flnancial statemènts.
Dementia Caring Notes to the Financial Statements Year ended 30 September 2024 Genwal Information The charity is a public benefit entity and a r8gisler8d charity in England and Wales and is unincorporated. The addrtss of the principal office is 36 Ragley Close. Tamworth, B79 7SW. Statement of compllance These financial statements have been prepared in compllance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance wlh the FinanGial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charities Act 2011. Accounting poll¢ies Basls of preparation The financial sla16ments have been prepared on the historical cost basls. as modilied by the revaluation of certain linancial assets and liabilitie5 and investment properties measured at fair value throLtgh income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng GonGern There ar8 no material uncertainties about the charity's ability lo continue. Disclosyr• exemption8 The entity satisfie5 the criteria of being a qualifying entity as defined in FRS 102. Ils financial statements are consolidated into the financial slalemenls of (enter name of group financial stalementsl which can be obtained from (enter detail}. As such, advantage has been taken of the following disclosure exemptions availabb under paragraph 1.12 of FRS 102.. {al No cash flow slalemenl has been presented for the company. Ibl Disclosures in resp&cl of ftnancial instruments have not been presented. Judgements and key sources of estimallon uncertainty The preparation of the financial statements requires management lo make judgements. estimates and assumptions that affect the amounts reported. These eslimales and judgemer¢ls are continually reviewed and are based on experience and other factors, including expectations of fulijre events that are believed to be reasonable under the circumstances. Fund accounting Unreslricled funds are available for use al the discretion of th8 trustees to further any of the charit15 purposes. Designated funds are unrestricted funds eamarked by the trustees for particular ftjlure project or commitment. Reslricled funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one ol bNo sub-Glasses.' restricted Income funds or endowmentfunds.
Dementia Caring Notes to the Financial Statements (con(Inued} Year ended 30 Septsmber 2024 Accounting pollcles (Continued) Incoming resources All incoming resources are included in the statement of financial activities when entillemenl has passed to the charity., it is probable that the ewnomic benefits associated with the transaction will ftow lo the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income.. income from donations or grants is recognised when there is eviden08 of enlillemenl to the gift, receipt is probable and it8 amount can be measured reliably. legacy income is recognised when receipt is probable and enliuemenl is established. income from donated goods is measured al the fair value of the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost lo the donor or the eslimaled resale value. Donated facilities and services are recognised in the accounts when received il the valtse ean be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it lo be spent on a particular purpose and returned if unspent. in which ¢ase it may be regarded as reslricled. Resources expended Expenditure is recognlsed on an accruals basis as a liability is incurred. Expenditure includes any VAT whh cannot be fully recover8d, and is classified under headings of the statement of financial acttvities lo which il relates.. expenditure on raising funds includes the costs of all fundraising activities, events, r¢on- charitable trading aclivilies, and the sale of donated goods. expenditure on charÈlable activities includes all costs incurred by a charity in undertaking activities that further ils charitable aims for the benefit of ils beneliciaries, including those support costs and costs relating lo the governanee of the charity apportioned lo charitable aclivittes. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of ils expenditure on charitable aclivilies. All costs are alloGated to expenditure categories reflectlng the use of the resource. Dlrecl costs attributable to a single activity are allocated directly lo that aGlivily. Shared costs are apportion8d bebNeen the activities they contribute to on a reasonable, justifiable and consistent basis. Operating leases Lease payments are recognlsed as an expense over the lease term on a slraighl-line basi5. The aggregate benefit of lease inGenlives is recognised as a reduction to expense over the lease term, on a straight-line ba818.
Dementia Caring Notes to the Financial Statements (contlnuedj Year ended 30 September 2024 Accountlng policles (conflnu8 Tanglble assets Tangible assets are initially record8d at cost, and subsequently slated al cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value al the date ol revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amounl of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which il offsets any previous revalUatn gain, in which case the loss is shown within other recognised gains and bsses on the slalement of tinancial activities. Depreclatlon Depreciation is calculated so as to wiite off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows= Equipment 15,1¥ reducing balance Impairment of flxed assets A review for indicators of impairment is Carrled out at ea¢h reporllng date, with the recoverable amount being eslimaled where such indicators exist. Where the carrying value exceeds the recoverable aTnounl, the asset is impaired accordir¢gly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes ol impairm8nl lesling, when11 is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generaling unit lo which the asset belongs. The cash-generalillg unil is the smallest identifi'able group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impaimier¢l testing of goodwill, the goodwill acquired in a business combination is, from the acquisition dale, allocated lo each of the cash-generalin9 units that are expected lo benefit from the synergies of the combinatDn, irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnanclal instruments A financial asset or a financial liability is recognised only when the chaiity becomes a party to the conliactual provisions of the inslrumenl. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequenuy measured al amorlised cost.
Dementia Caring Notes lo the Financial Statements (conlfnued) Year ended 30 September 2024 Accountlng policles (conNnuedJ Financial instruments (contlnu8d} Where investments in sharts are publicly traded or their fair value can otherSe be measured relbly, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All olhei such investments are subsequently Measured al cost le$5 impairment. Other fi'nan¢lal inslrumenls. including derivatives, are inllially recognised at fair value, unless payment for an asset is deferred beyond nomial business terms or financed al a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequenlly measured al fair value. with any changes recognised in the slalemenl of financial aclivilies, with the exception of hedging inslwments in a designated hedging relationship. Financial assets that are measured at ¢osl or amorlised cost are reviewed for objective evid8nce of impairment al the end of ea¢h reporting date. If there is objective evidence of impaimienl, an impairment loss is recognised under the appropriate heading in the statement of financial aclivili&s in which the inib'al gain was recognised. For all equity instruments regardle$5 of significance. and other financial 8$sets that are individualty significant, thes8 are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk ¢haracteristlGS. Any reversals of impainnent are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised, Defined contrlbutlon plans Contributions to defined contribution plans are recognised 8s an expense in the per(od in which the related service is provided. Prepaid contribub'ons are recognised as an asset to the extent that the prepayment will lead to a reduction in future paytnents or a cash refund. When contributions are not expected lo be settted wholly within 12 months of the end of the ¥eporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recogniS as an expense in the period in which il arises. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Dollations Donations 5,947 5,947 10
Dementia Caring Notes to the Financial Statements (continue Year ended 30 September 2024 Donations and legacles (conllnuedj Unrestricted Funds Reslricled Total Funds Funds 2024 Grants Grants receivable- Unrestricted Grants receivable- Dementia Exchange (Reslricledl Grants receivable- Tamworth TOC (Reslrictedl 1,600 1,600 4,095 4.095 4,095 11,642 7,547 Unreslricled FL¢nds Reslricled Total Funds Funds 2023 Donatlons Donations 12,171 12,171 Grants Grants receivable- Unrestricted Grants receivable- Dements'a Exchange {Reslricledl Grants receivable- Tamworth TOC (Reslricledl 11,914 11,914 15,046 15,046 24,085 15,046 39,131 Charltable actlvltles Unrestricted Total Funds Unreslricled Total Funds Funds 2024 Funds 2023 Sale of goodslservic6s as part of direct charitable activities 10,935 10,935 other trading activitles Unreslricled Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Fundraising events 299 1,393 1,393 Co$t$ of ralslng donations and legacies Unrestricted Funds Reslricled Total Funds Funds 2024 Costs of raising donations and legacies Grants receivable 15,003 11,830 26.833 11
Dementia Caring Notes to the Financial Statements (contlnued) Year ended 30 September 2024 Costs of ralslng donations and legacies (conttnyed) Unrestricted Funds Restricted To121 FLJnds Funds 2023 Costs of raising donations and legacies - Grants receivable 11.382 7,311 18,693 Net {expendltureyincome Nel (expendilurellincome is slated after chargingl{creditingl'. 2024 2023 Depreciation of langlble fixed assets Operating lease rentals 61 2,322 39 2,150 IndepBndant examination fee8 Period from Year to 30 Jun 22 10 30 Sep 24 30 Sep 23 Fee8 payable lo the independent examiner for: Independent examination of the financial slalemenls 650 600 10. Staff costs The total staff costs and employee benelits for the reporting period are analysed as follows., Period from Year to 30 Jun 22 10 30 Sep 24 30 Sep 23 Wages and salaTies Employer contributions to pension plans other employee benefits 18,010 334 77 8,708 136 72 18,421 8,916 The average head count of employees during the year was 1 12023.. 11. The average number of full-lime equivalent employees during the year is analysed as follows= 2024 2023 Totsl number of staff No employee received employee benefits of more than £60,000 during the year {2023'. Nill. 11. Trustee remuneration and expgnses no remuneration or other benefits from employment with the charity or a related entity were feceived by the Iruslees., or 12
Dementia Caring Notes to the Financial Statements (contIed) Year ended 30 September 2024 12. Tangible fixed assets Equipment Cost At 1 October 2023 and 30 September 2024 Depreelat¥on Al 1 October 2023 Charge lor the year At 30 Sapt8mber 2024 Carrying amount At 30 September 2024 At 30 September 2023 445 39 61 100 345 406 13. Debtors 2024 2023 Prepayments and accrued income Other debtors 247 196 32 247 228 The debtors above include the following amounts falling due after more than one year.. 2024 2023 Other debtors 32 14. Credilors: amount$ falling duo within one year 2024 2023 Accruals and defeired income Social security and other taxes Other creditors - Barry Coleman 780 247 720 38 1,027 758 15. Pènslons and other post retlrement benefits Deflned contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribullon plans was £334 (2023.. £1361. 13
Dementia Caring Notes to the Financial Statements {conttnued) Year endod 30 Seplember 2024 16. Analysis of charltable funds Unrestricted funds Al 1 October 202 At 30 Septembe r 2024 Income Expenditure G8neral fltnds 14,096 18,781 115,003) 17.874 Al 30 September 2023 At 30 June 2022 Income Expenditure General funds 25,478 111,3821 14.096 Restricted funds At 1 October 202 At 30 Septembe 12024 Income Expenditure Dementia Exchange Tamworlh TOC 7,735 {7,735} 14,0951 {11,8301 4.095 7,735 4,095 At 30 September 2023 At 30 June 2022 Income Expenditure Dementia Exchange Tamworth TOC 15,046 17.3111 7,735 15,046 17,3111 7.735 17. Analysls of net assets between funds Unreslricled Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 ygar Net assets 346 18,555 11,027} 17,874 346 18,555 (1.0271 17,874 Unreslricled Total Funds Funds 2023 Tangible fixed asgels Current assets Creditors less than 1 year Net assets 407 22,150 17261 21,831 407 22,150 (7261 21,831 14
Dementia Caring Management Information Year ended 30 Septembor 2024 The followlng pages do not form part ol the financial statements. 15
Dementia Caring Detailed Statement of Financial Activities Year ended 30 September 2024 Perlod from 30 Jun 22 10 30 Sep 23 Year to 30 Sep 24 Income and endowments Donations and legacles Donations Grants receivabl&- Unrestricted Grants receivable - Dementia Exchange (Reslriclèdl Grants receivable - TarNworth TOC (Reslrictedl 5,947 1,600 12,171 11,914 15,046 4,095 11,642 39,131 Charitable actlvFtles Sale of goodslservioes as part of direct charitable activities 10,935 other trading aetivltles Fundraising events 299 1,393 Total income 22,876 40,524 Expenditure Costs of raising donatlon$ and legacies Promotion costs Sundry costs Wages and salaries Pension costs Bank charges Hire costs Caregiver support Printing, stats'onery and postage Insurance Motor vehicle expenses Accounting fees Legal and professional fees Telephone Depreciation 388 2.517 18.010 334 77 2,322 684 690 157 68 840 650 35 61 480 2,654 8,708 136 72 2,150 473 1,632 190 130 720 1,374 35 39 26.833 18.693 Total expenditure 26,833 18,693 Net lexpgndltureyincome 13,9571 21,831 16