Memory Action Group
Charity number 1203322
Annual Report and Financial Statements
for the period 31 May 2023 to 31 December 2023
Memory Action Group
Annual Report and Financial Statements for the period 31 May 2023 to 31 December
2023
| Contents | Page |
|---|---|
| Trustees' report | 2 to 3 |
| Examiner's report | 4 |
| Receipts and payments account | 5 |
| Statement of assets and liabilities | 6 |
| Notes to the accounts | 7 to 8 |
Prepared by West Yorkshire Community Accountancy Service CIO
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Memory Action Group
Trustees' report for the period 31 May 2023 to 31 December 2023
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates
Position Dates Trustee Chair 31 May 2023 Trustee Vice Chair 31 May 2023 Trustee Treasurer 31 May 2023 Trustee Secretary 31 May 2023 Trustee 09 March 2024 Trustee 09 March 2024 Trustee 09 March 2024 1203322 Registered in England and Wales
Laura Williams Elizabeth Bullock Janet Archbold Monica Haley Jane Spedding Richard Opasiak Helen Watkiss
Charity number
Registered and principal address
Bankers
28 Belgravia Road Santander Banking St Johns Sunderland Wakefield SR43 4FW WF1 3JP
Independent examiner
Sarah Coates
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO) foundation formed on 31 May 2023 and is governed by a constitution.
Method of recruitment and appointment of trustees
The trustees of the charity are appointed by the members at the AGM.
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Memory Action Group
Trustees' report (continued) for the period 31 May 2023 to 31 December 2023
Objectives and activities
The charity's objects
The relief of those in need by reason of ill-health for the public benefit by providing support for people living with dementia their carers and families in Wakefield district. The area of benefit would be Wakefield Metropolitan District Council and surrounding areas.
The charity's main activities
The charity provides drop in sessions weekly for people with dementia and their carers, run monthly exercise and singing sessions. They also run events and activities throughout the year.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit.
Achievements and performance
Memory Action Group has provided twice weekly drop in sessions every week including Bank Holidays and between Christmas and New Year for a growing number of people living with dementia and their carers including a monthly chair exercises session and a monthly Singalong session. We also enjoyed three day trips to Southport, Blackpool Illuminations and Yorkshire Wildlife Park plus two barge trips with Safe Anchor Trust. A King Charles III Coronation Party and a Christmas Party were held. Visits to the centre from Wilding Adventures Pet Therapy, Ben Slack (Music & Memories Session), Co-op Legal Services, Turning Point and Healthy Heart Project.
Financial review
The net receipts for the year were £57,064, including net receipts of £55,414 on unrestricted funds and net receipts of £1,650 on restricted funds after transfers.
Reserves policy
The charity's free reserves, at the year end were £55,414.
The charity currently does not have a reserves policy in place. However, they plan to address this within the coming year and develop a comprehensive strategy regarding reserves management.
Approved by the board of trustees on 27/04/2024
Janet Archbold (Trustee)
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Memory Action Group
Independent examiner's report to the trustees of Memory Action Group
I report to the charity trustees on my examination of the accounts of the CIO for the period ended 31 December 2023, which are set out on pages 5 to 8.
Responsibilities and basis of report
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the CIO's accounts as carried out under section 145 of the 2011 Act. 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 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:
1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records.
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 accounts to be reached.
Sarah Coates
29/04/2024
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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Memory Action Group
Receipts and payments account
for the period 31 May 2023 to 31 December 2023
| Notes 2023 Unrestricted funds £ Receipts Grants and donations (2) 7,784 Events and activities 719 Market income 12,385 Transfer on incorporation 40,244 Total receipts 61,132 Payments Rent and storage costs 564 Equipment 48 Insurance 129 Events and activity costs 4,276 Donations 200 Refreshments and sundries 155 Printing, postage and stationery 130 Books and publications 197 Administration costs 19 Total payments 5,718 Net receipts / (payments) 55,414 Fund balances brought forward - Fund balances carried forward (3) 55,414 |
2023 Restricted funds £ 3,960 - - - 3,960 2,310 - - - - - - - - 2,310 1,650 - 1,650 |
2023 Total funds £ 11,744 719 12,385 40,244 65,092 2,874 48 129 4,276 200 155 130 197 19 8,028 57,064 - 57,064 |
|---|---|---|
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Memory Action Group Statement of assets and liabilities
| as at 31 December 2023 2023 Unrestricted £ Cash funds Cash at bank 55,383 Cash in hand 31 Total cash funds 55,414 Liabilities Accruals |
2023 Restricted £ 1,650 - 1,650 |
2023 Total £ 57,033 31 57,064 2023 £ 528 528 |
|---|---|---|
The financial statements were approved by the board of trustees on 27/04/2024
Janet Archbold (Trustee)
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Memory Action Group
Notes to the accounts
for the period 31 May 2023 to 31 December 2023
1 Accounting policies
Basis of accounting
The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.
There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
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Memory Action Group
Notes to the accounts continued
for the period 31 May 2023 to 31 December 2023
| 2 Grants and donations NOVA Wakefield Donations from organisations Drop in donations Other donations 3 Restricted funds NOVA Wakefield Fund name NOVA Wakefield |
2023 Unrestricted funds £ - 2,625 2,613 2,546 7,784 Balance b/f Incoming £ £ - 3,960 - 3,960 Purpose of restriction towards the costs of room hire |
2023 2023 Restricted Total funds funds £ £ 3,960 3,960 - 2,625 - 2,613 - 2,546 3,960 11,744 Outgoing Balance c/f £ £ 2,310 1,650 2,310 1,650 for the drop in centre |
|---|---|---|
4 Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
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