COMPANY REGISTRATION NUMBER: N1628713 CHARITY REGISTRATION NUMBER.. NIC106148 Dementia (Nl) Company Limited by Guarantee Financial Statements 31 March 2024 Dementia (Nl) Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the directors, report) Independent auditor's report to the members Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows 14 18 19 20 Notes to the financial statements 21 Dementia (Nl) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2024. Objectives and activlties: Our vision, mlsslon, and values Our Vislon Everyone living well with dementia Our Values Led by people with dementia Inclusive and accessible striving for meaningful change Being heard and understood Member Led We are an organisation set up by people with dements'a, for people with dementia. All our members have diagnosis of dementia and are at the heart of everything we do. Partnershlp Working We work with a wide range ofgroups to raise awareness and improve services for peoplewith dementia. These include the Department for Health, PSNI, Alzheimer's Society, Make the Call and DEEP, the UK network of Dementia voices. Dementia Nl also liaises with Queens University, University of Ulster and Stirling University to participate in research activities and contribute to relevant working groups. Volunteering We have a fantastic team of volunteers, and they are highly valued contributor5 to the success of Dementia Nl. Our volunteer roles range from helping at our empowerment groups, voltjnteer drivers, awareness raising and support with our fundraising events and activities. We could not achieve what we do without their support. Our Strategy and Goals The strategic plan was launched in March 2020 and was intended to run from 2020 - 2023. The COVID- 19 pandefflic impacted our ability to deliver on the strategy. The Board subsequently agieed that the strategy would instead cover the period 2020- 2024. The Board also identified three priority areas within the strategy.. Campaigning, Membership and Sustainability. Throughout thi5 report we will outline our achievements against these three priority areas. When planning for development of a new strategy for Dementia Nl, the Board approved an extension to the current strategy period. This will now run to December2025. This allows sufficient time for Dementia Nl to engage meaningfully with our members, staff, volunteers and other stakeholders on the new strategy. As a membership organisation it is vital that we put in place an engagement strategy that ensures our members can share their views on the future priorities for Dementia Nl. This engagement will tske place throughout 2025 in preparation for the launch of the new strategy in January 2026. Dementia (Nl) Company Limited by Guarantea Trustees. Annual Report (Incorporating the Directors, Report) (continued) Year ended 31 March 2024 Public Benefit All our activities are related to one or more of the following charitable objects.. Challenging the stigma of dementia Providing support to people living with dementia so that they may raise awa￿ ness in their own right Promoting the rights of people living with dementia to be involved in decisions that affect their lives Providing training, education and awareness of dementia to the public and organisations throughout the UK and Ireland The Board has considered the Charity Commission for Northern Ireland guidance on public benefit. Achlevements and performance PRIORITY AREAS: CAMPAIGNING Campaigns led by people with dementia to Influence policy and practice locally, nationally and globally. The Board is committed to developing the capacity for member campaigning within Dementia Nl. To support this the organisation created a new staff role in May 2023, Campaigns and Membership Lead. This role supports the development of a rights-based approach to member campaigning, as well as supporting development of our internal approach to working with our members. As part of a governance review undertaken by the Board in 2023, Dementia Nl created a 'Member Forum, group. This Forum is a strategic group made up of ten Dementia Nl members appointed from the wider membership. The existence of this group is now embedded within the Articles of Association of Dementia Nl. A key purpose ofthe group is to identify, prioritise and progress campaigns for change. The Member Forum is supported by the Campaigns and Membership Lead and a member of the empowerment team. The organisation is also seeking to secure further resources to develop policy and research capacity to support member campaign activity. Engagement with members on the role of the Forum and a member process to join the forum took place from January to April 2024. The Member Forum was formally established in May 2024. Ten members have been appointed to the forum and it is currently in development. Dementia Dlagnosis Dementia Nl members have frequently raised concerns about waiting times for receiving a diagnosis of dementia. They raised this directly with the Health Minister before the collapse of the Northern Ireland Assembly. Timely diagnosis is vital as it can enable a person to access medication which may slow the development of symptoms. It also allows people access to other important services and support to help them live well with dementia. Due to the lack of a functioning assembly in 2023, members were unable to continue to raise this directly with the Health Minister. However, Dementia Nl engaged with the Commissioner for Older People to highlight this issue and agreed to signpost people awaiting a diagnosis to the Commissioner's office, to help support evidence gathering of the extent and nature of the impact of the delays in diagnosis. In May 2023, the Department of Health facilitated a conference for all Health and Social Care Trusts and relevant agencies. The purpose was to review current services and identify priorities for action. Dementia Nl staff and membership co-presented a session at the conference highlighting Dementia Nl member views on priorities for people living with dementia, this included the importance of a timely Dementia (Nl) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (continued) Year ended 31 March 2024 diagnosis. De￿ntia Nl a150 engaged with the All Parliamentsry Group on Dementia on their report into barriers accessing a dementia diagnosis. An Nl Assembty All Paty Group on dementia has now been created and Dementia Nl will continue to engage with this on a local level. Herbert Protocol Dementia Nl successfully secured support from the PSNI to introduce the Herbert Protocol in Northern Ireland. This is a lifesaving initiative to trace people with dementia who go missing as quickly as possible. Dementia Nl members were involved at every step ofthe process and contributed to the content, design, and messaging of materials. The initiative was launched across Northern Ireland in September 2022, with endorsement from Health Minister, Robin Swann. Throughout 2023 Dementia Nl continued to work with PSNI and local councils across Northern Ireland to raise awareness of this life saving initiative with a series of information events across Northern Ireland. Healthcare Training Project - Hear Our Voice Dementia Nl mernbers worked with the Southern Health and Social Care Trust on the co-production of a training resource in the form of a documentary film. The film highlights members experiences in engaging with healthcare seNices and staff and shares their views on how this experience can be improved for others living with dementia. The documentary film will be used to train healthcare staff across Northern Ireland on how best to support people with dementia in medical settings. The project also includes the development of a Top Ten Tips, poster which will highlight practical tips for healthcare staff who engage with people with dementia. In July 2023 Dementia Nl hosted a preview screening of the film at Queens University and in September 2023 Dementia Nl members highlighted the project at Queens University conference Caring for Today, Planning for Tomorrow. The project will be formally launched in 2024. Dementia (Nl) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) (ct>ntlnued) Year ended 31 March 2024 Achievements and performance (continued) MEMBERSHIP Developing the membershlp of Dementia Nl We grew our membership from 96 to 125 and our neI￿ork of empowerment groups increased to 15 across Northern Ireland. We conts'nue to deliver our empowerment groups and activities through a blend offace to face and virtual activity Along with face-to-face local groups, we have an empowerment group open to all members throughout Northern Ireland delivered on Zoom. As part of the Mental Health Grant Fund projeCt'De￿ntia Diagnosis - a tsilored approach to promoting positive mental health and living well with dementia, we delivered sessions promoting positive menlal wellbeiftg for members throughout the year. These were designed with engagement from our members and included an introduction to mindfulness and taster sessions of chair-based exercises. Dementia Nl has experienced significant growth and development in membership over the last eight years. It is vital that as the organisation grows, Dementia Nl continues to work and communicate with members meaningfully and effectively. The Board is committed to ensuring that member voices are strengthened within our growing organisation. and that members are involved in all aspects of Dementia Nl, including at a strategic level. To help achieve this the Board implemented a governan￿ and membership review in 2023. The purpose of the review was to". Strengthen the member voice wrthin Dementia Nl Develop a clear pathway for Dementia Nl members to join the Board Review governance around membership The Board developed proposals around the three aims outlined above and implemented an extensive engagement process with the Dementia Nl membership Following this engagement, members voted in favour of the proposed changes to Dementla Nl governance and membership. These changes include: The creation of a Member Forum The Member Forum is a group which will focus on three key areas. The Forum will contribute to the revEW and development of Dementia Nl strategy, identify, prioritise and progress campaigns for change and advise Dementia Nl on key areas of work. The Forum provides the opportunity for members to drive campaign work and get involved strategic areas of work in Dements'a Nl. A clear pathway for members to join the Board of Dementia Nl Atthough member representation on the Board of Dementia Nl has always been in place, a requirement for this was not embedded in the governance of tlie organisation and there was no clear pathway in pla￿ for this to happen. As a result of the governan￿ review, the pathway for members to join the Board of Dementia Nl is now embedded within the Articles of Association. Review governance amund membershlp Membership governance has now been reviewed to ensure it works for a growing organisation and membership. A new category of 'Life member, has been introduced to ensure that all members have aC￿sS to lifelong membership should they wish. Members of Dementia Nl continue to hold important Dementia (Nl) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (contlnued) Year ended 31 March 2024 Achievements and performance {cofttlnuodJ rights which allow them to hold the Board accountable and have their voice heard. The Articles of Association of Dementia Nl were updated in October 2023 to reflect the outcome of the governance and membership review. The Board wishes to thank all members for their participation and engagement in the review process, their inputwas invaluable in ensuring the best outcome for Dementia Nl's future. Member development and projects Real Llves; the Art of Llvlng with Dementia Our member art exhibition tour continued with the exhibition showcased in seven locations across Northern Ireland. Through the exhibition members continue to raise awareness and start conversations about dementia in communities across Northern Ireland, helping to break down the stigma that still exists. Each exhibition is accompanied by a local launch event and media coverage, helping to raise awareness and build connections wilhin local communities. LFT Project - Dementia shouldn't Stop a conversation; It should 8tart one. This project involved the production of￿0 short films and a portfolio of photographs featuring Dementia Nl members. The first short fi'lm is primarily for people with dementia who have been recently diagnosed, or the wider public who may know someone who has been recently diagnosed. The key message is that there is life after a dementia diagnosis, and that is it possible to live well with dementia. The second film is aimed at the wider public. The aim is to raise awareness of Dementia Nl and encourage people to engage with and support the organisab'on, whether that is through membership, volunteering or donating. As part of the project, members also took part in several phot05hoots across Northern Ireland. The photographs positively represent our members, and their message of living well with dementia. The project was launched in January 2024 with a social media campaign 'Start a Conversation Today,. The campaign encouraged everyone to start an open conversation about dementia, to challenge negats've stereotypes about the condition. SUSTAINABILITY Revlew and develop organisatlonal structures to ensure the sustainability of the organisation. Dementia Nl is an organisation that values our people, and the important role that each person plays in our success. Our people are our greatest strength, and we have worked hard to develop a strong and healthy organisation, so that Dementia Nl can thrive. We have invested in a range of training for our staff team. This includes the delivery of Best Practice in Dementia Care, accredited by Stirling University. The empowerment facilitator team have all successfully achieved this qualification. We continue to invest in staff wellbeing with delivery of the Live Well, Work Well programme. We have invested in training to provide a Mental Health First Alder within the staff team. We also intrOdU￿d an addits'onal financial health and wellbeing package which provides access to financial advice and information for staff. To help recognise the growing expertise of our current staff, and to ensure that we can continue to Dementia (Nl) Company Limited by Guarantee Trustees. Annual Report {Incorporating the Directors. Report) (continued) Year ended 31 March 2024 Achlevements and performance (conunued) recruit high quality candidates to join our team, we have now introduced a salary scale for all roles. We continue to develop our comprehensive induction programme for new Staff, to ensure that as we continue to grow, all staff understand the ethos of Dementia Nl, who we are and how we work. We continued to develop our staffing structure and resources to support the effective delivery of our strategy. We embedded several new roles in the organisation throughout the year. Our newly created Head of Development role has strategic oversight of our empowerment and campaign work, and our Campaigns and Membership Lead role supports our member led campaign work and wider member participation within Dementia Nl. We also invested in our operational capacity to support the systems and processes in our growing organisation. We created the new role of Operations Lead, which works across several key areas, volunteering, administration management and CRM. We also reviewed roles and departments within the organisation to ensure we were working as effectively as possible. Income generatlon We developed a new four-year income generation strategy to help support our transition away from reliance on large grant funding. As a result of this strategy, we secured support of £99,036 from the Dormant Accounts Fund for 8 three-year project,. From reliance to resilience,. building a sustainable future for Dementia Nl. This will help support growth in our unrestricted income and allow us to plan more sustainably for future development. Digital Infrastructure We continued to invest in and develop OLJr CRM system to ensure maximum efficiency. We reviewed our processe5, Streamlining where necessary and incorporating new processes into our CRM. This has allowed us to work more effectively, saving time and resources. Communicatlons Throughout the year, we continued to develop our social media channels with engaging content celebrating our activities and successes. Through our social media activity, Dementia Nl continued to challenge the stigma of dementia by raising awareness of it, while showcasing our brand and life- changing work. Throughout this period, we continued to raise awareness of dementia through the media, securing coverage in print, radio, TV and online. We also updated our website to incorporate newly developed resources including films and photographs. Content in key areas of the website has also been updated to better reflect our messaging and who we are as an organisation. Volunteering We have invested in supporting and developing our volunteers, who play such a vital role in Dementia Nl. We have developed a volunteer strategy, increased our range of volunteer roles and the number of volunteers across the organisation. We have also developed an engaging and robust induction programme and ensure we recognise the contribution our volunteers make to the success of Dementia Nl. Dementia (Nl) Company Limited by Guarantse Trustses. Annual Report (Incorporating the Directors. Report) (continued) Year ended 31 March 2024 Flnancial revlew Unrestricted reserves Unrestricted reserves as of 31 March 2024 were £492,913. Dementia Nl operates a six-month reserve policy. This covers six months of essential running costs for the charity of £270,000. Our remaining reserves are an essential part of supporting the financial strategy to transition from large grant funding. The total income for the year was £609,779 of which £129,930 was raised from grants and £4879,849 from donations and gift aid. Income Generation The support from the public, our corporate partners. our volunteers and all our supporters during this period has been immense, enabling the fundraising team to raise an incredible TBC. Our fundraising continues to develop and diversify. We have a skilled and innovative team who work closely with our members and volunteers. Our fundraising activity is supported by our growing profile as a result of our strong communications activity. The role our members play in this is vital and we thank them for their willingness to share their stories and experience with the wider public. Our charity partnerships continued to go from strength to strength. A few highlights are below.. Our partnership with the Hendersons Group Post Offices meant 75 post offices across Northem Ireland supported Dementia Nl, bringing our message into local communities and raising vital funds. Our partnership with Rock Choir makes a powerhjl connection belween music and dementia. This helps bring our message to the public through music and raise vital funds. All our corporate partnerships have been invaluable. They have raised funds and awareness, but have also provided practical support through training, volunteering, and access to resources. We launched our 'Sparkle for Dementia, Christmas campaign in December 2023. This had an amazing response from the public and we intend to build on this campaign ill 2024. Support for Dementia Nl through challenge events increased significantly, raising income and awareness through marathon events, runs, treks and abseils. We would like to recognise every amazing supporter who chooses to support our work and believes in who we are and what we do. Dementia (Nl) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors, Report) (continued) Year ended 31 March 2024 Financial review (contlnued) Grant Funding The National Lottery Fund - Empower and Support Programme In 2019 Dementia Nl secured £458,000 from the National Lottery Fund over four years, to develop and deliver a Northern Ireland wide Empower and Support Programme. This programme started in October 2019 and will run until October 2023. This project is now complete, and we thank The National Lottery Fund for their support. Department of Health - Mental Health Fund We were awarded £99,540 over years from the Mental Health Fund. This grant will support the delivery of the programme'Dementia Diagnosis- a tailored approach to promoting positive mental health and living well with dementia. This award funds three additional part time empowerment facilitator posts. LFT Charitsble Trust We successfully secured a £10,000 grant towards the project'Dementia should not stop a conversation; it should start one,. This grant funded the development of video and photography content and resources for Dementia Nl, aimed at both people living with dementia and the general public throughout Northern Ireland. The aim is to taCk￿e the stigma and misconceptions around dementia that still exisl, along with raising awareness of the work of Dementia Nl. This project is now complete, and we thank LFf for their support. Domiant Accounts Fund We successfully secured £99,036 from a three-year project 'From reliance to resillence-, building a sustainable future for Dementia Nl. This grant will fund one full time post supporting the delivery of our income generation strategy. This project will help Dementia Nl move away from a position of reliance on large grant funding to deliver core work, helping us to build a more sustainable future. Dementia (Nl) Company Limited by Guarantee Trustees. Annual Report {Incorporating the Directors. Report) (Continued) Year ended 31 March 2024 Plans for the future The Board has decided to extend the current strategy to December 2025. Dementia Nl will need to develop a refreshed strategy to take us fO￿ard. The Board is fully committed to ensuring thatwe engage with our members, staff, volunteers and other stakeholders in a meaningful way as part of this strategy development. Dementia Nl has just cornpleted a membership and governance review. This was an important and signifi'cant piece of work, and an important outcome was the creation of the new Member Forum. key role of the member forum will be to contribute to any new strategy development. As well as input from the Member Forum, our new strategy will need input from our wider membership. The Board will ensure that there is a process and a plan in place which allows the wider membership to fully engage in the development of our next strategy. The extension of the strategy to December 2025 allows time to plan and deliver a robust engagement process with our membership, staff, volunteers, and stakeholders. 2025 is also Dementia Nl's 1 Oth anniversary. We are planning a programme of exciting celebration activities throughout the year and look fomard to ending the year with the 5aunch of our new strategy, to take Dementia Nl into our next decade. Celebrating ten years of growth and success is a milestone achievement for any organisation, and the development of our next strategy is an opportunity for us to strengthen and extend our connection with all our members and ensure their voices are heard and reflected in the strategy, As well as looking forward and planning for the development of our new strategy, we will continue to strive to deliver on our current strategy. We will continue to invest in our people and our resources to support our growing organisation. We will build on our core work with the growth and development of our membership and our ne￿Ork of empowerment groups. We will support the establishment of our new Member Forum and the developing campaign work. We will continue to work with our wider membership on maximising Opportunities to raise awareness and challenge stigma, promoting our members message that it is possible to live well with dementia. We will continue to recognise the value of all our members, Board, stsff and volunteers. All make a vital contribution in helping us achieve our goals. Dementia (Nl) Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors. Report) (contlnued) Year ended 31 March 2024 Reference and adminlstrative detalls Reglstered charlty name Dementia (Nl) Charlty registration number NIC106148 Company reglstration number N1628713 Principal office and registered NICVA Building office 61 Duncairn Gardens Belfast BT15 2GB The trustses Mr D McElhinney Ms D Falls Ms S Donaghey Ms A Faulkner Ms L Baker Ms N J Brown Ms N M Mainwaring Company secretary Ms C Watson Auditor Muir & Addy Chartered Accountants & statutory auditor 427 Holywood Road Belfast BT4 2LT Bankers Danske Bank Donegall Square West Belfast BT16JS 10 Dementia (Nl) Company Limitsd by Guarantee Trustees, Annual Report (Incorporating the Directors, Report) (Continued) Year ended 31 March 2024 Structure, governance and management STRUCTURE. GOVERNANCE AND MANAGEMENT Dementia Nl is a company limited by guarantee and a registered charity under Charities Commission Northern Ireland. The Board of Trustees is responsible for the overall governance and strategic direction of the organisation. The Board of Trustees meets at leastfour ts-mes per year to review the organisation's work, finances and governances. The Board of Trustees also reviews its own operation, effectiveness and governance on an annual basis. The CEO has been delegated responsibility for the overall implementation and day to day management of the organisation. A Finan￿ and Risk subcommittee, chaired by the Treasurer and comprising at least two other Trustees, monitors and scrutinises the charity's financial strategy and operations and makes recommendations to the full Board ofTrustees. The committee meets at least fourtimes peryear, with the CEO in attendance. A HR committee comprising a minimum of three Trustees keeps the charity governance arrangements and organisational policies under review and makes recommendations to the Board of Trustees on any required changes. The committee meets at least four times per year, with the CEO in attendan￿. The Board held four meetings during the year 2023-2024. The CEO attends all Board Meetings. The Board of Trustees currently comprises seven Trustees, with a maximum of 12 Trustees permitted under the charity's Articles of Association. RECRUITING AND APPOINTING BOARD OF TRUSTEES The membership of the board has been constructed specifically with the skills and knowledge required to ensure that it operates effectively. Board Trustees are appointed for a term of up to three years each, with the opportunity to serve a maximum of terms. The board also includes two Forum Trustees. These Trustees are appointed by the Member Forum and are appointed for a term of years, with the opportunity to serve a maximum of terms. An induction training programme is in place to ensure that Trustees are informed and effective. The Code of Good Governance is included in the induction training and Trustees are encouraged to attend governance training to ensure that they have full knowledge of their key responsibilities and duties as Trustees. 11 Dementia (Nl) Company Limitsd by Guarantee Trustees, Annual R8POrt (Incorporating the Directors. Report) (conlinued) Year ended 31 March 2024 Structure, governance and management (continued) RISK MANAGEMENT STRATEGY The Charities SORP requires Trustees of all charities to produce a statement confirming that all the major risks to which the charity is exposed are identified and appropriate systems are in place. Risks are identified and analysed in terms of their likelihood and their potential impact on Dementia Nl. A key element in the management of risk for the Board ofTrustees is the operation of a HR and Finance and Risk Sub-committee to focus on these areas. The Board has developed a Risk Register for Dementia Nl, and the Board of Trustees have undergone training in this. Dementia Nl has a Safeguarding Policy and clear protocols in place. Staff are trained and supervised at regular intervals. We have appropriate reporting and support mechanisms in place which help reduce the risks. Individual, events and venue risk assessment are carried out by staff at regular intervals. Trustees. re8ponslbllltle8 statgment The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the Charitab￿ company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the applicable Charities SORP., make judgments and accounting estimates that are reasonable and prudent. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 12 Dementia (Nl) Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directors. Report) (contlnual) Year ended 31 March 2024 Audltor Each of the persons who is a trustee at the date of approval of this report confirms that.. so far as they are aware, there is no relevant audit inft)rmation of which the charity's auditor is unaware., and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any ￿levant audit information and to establish that the charity's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordan￿ with section 487 of the Companies Act 2006. Small company provislons This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. The trustees, annual report (incorporating the directors, report) was approved on 9 November 2024 and signed on behalf of the board of trustees by.. JJth tctLLQL Ms A Faulkner Trustee 13 Dementia (Nl) Company Limited by Guarantee Indep8ndent Auditorfs Report to the Members of Dementia (Nl) MUIR & ADDY Year ended 31 March 2024 Opinion We have audited the financial statements of Dementia {Nl} (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The fi'nancial reporting framework that has been applied in theif preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally AC￿pted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 March 2024 and of its incoming reSoUr￿S and application of resources, including its income and expenditure, for the year then ended., have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting Practice., have been prepared in accordance with the requirements of the Companies Act 2006. Basls for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and the provisions available for small entities, in the circumstsnces set out in note 21 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusion8 relating to going concern In auditing the financial statements, we have concluded thatthe trustees, use of the going concern basis of accounting in the preparation of the financial ststements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least ￿e1ve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 14 Dementia (Nl) Company Limited by Guarantee Independent Auditor's Report to the Members of Dementia (Nl) {contlnued) MUIR & ADDY Year ended 31 March 2024 Other information The other information comprises the information included in the annual report, other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent othe￿ise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit ofthe fi'nancial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this ￿gard. Opinlons on other matters prescribed by the Companies Act 2006 n our opinion, based on the work undertaken in the course of the audit: the information given in the trustees. report for the financial year for which the financial statements are prepared is consistent with the financial ststements,. and the trustees. report has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exception In the light of the knowledge and understanding of the charity and its environmentobtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the ft)Ilowing matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or retums adequate for our audit have not been re￿iVed from branches not visited by us,. or the financial statements are not in agreement with the accounting records and returns., or certain disclosures of trustees, remuneration specified by law are not made. or we have not received all the information and explanations we requi￿ for our audit; or the trustees were not entitled to prepare the financial statements in accordants with the small companies regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic reporL 15 Dementia (Nl) Company Limitsd by Guarantee Independent AUdit0￿S Report to the Members of Dementia {Nl) (c¢)ntlnuedJ MUIR & ADDY IAHVEHID A¢flliNTANTS Year ended 31 March 2024 Responslbilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the director5 for the purposes of company lawl are responsible for the preparation ofthe financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial ststements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters ￿lated to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so. Audltorfs responsibillties for the audlt of the financlal statsments Our objectives are to obtain reasonable sssuranca about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. We discussed laws and regulations and Fraud risks with the directors during out audit planning procedures. The company must comply with the Companies Act 2006 and prepare financial statements and give a true and fair view in accordance with the Act and supplementary regulations. The directors consider that fraud is most likely to involve the misappropriats'on of cash and controls have been implemented around the minimisation of cash handling, recording and security of cash. Our engagement team collectively had appropriate experience of applicable laws and regulations and competence to recognise non-compliance. Audit procedures were planned and performed to assess the management of cash. We consider that our audit has a reasonable chance of detecting material noncompliance with laws and regulations. We remain mindful that fraud, by its very nature, may be difficult to detect and that cash may be misappropriated before it is entered into the accounting records of the company. We tested controls in place for cash income and undertook analytical procedures to identify trends that might indicate misappropriation of income. We consider that our audit has a reasonable chance of detecting a material fraud in this area. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that Is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve collusion, forgery, intentional omissions, misrepresentations. or the override of internal control. 16 Dementia (Nl) Company Limitsd by Guarantee Independent Auditor's Report to the Members of Dèmentia (Nl) {contlnuedJ MUIR & ADDY Year ended 31 March 2024 Obtain an understanding of internal control relevantto the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of a￿oUntIng and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentstion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit anct significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stste to the charity's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed. Mr Paul Leathem (Senior Statutory Auditor) For and on behalf of Muir & Addy Chartered Accountants & statutory auditor 427 Holywood Road Belfast BT4 2LT 9 November 2024 17 Dementia (Nl) Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Nots Income and endowments Donations and legacies Total Income 479,849 129,930 129,930 609,779 609,779 528,781 479,849 528,781 Expenditure Expenditure on raising funds.. Costs of raising donations and legacies Expenditure on charitable activities Total expendituro 65,954 364,008 429,962 708 164,749 165.457 66,662 528,757 595.419 63,945 452,432 516,377 Net Income 49,887 (35,527) 14,360 12,404 Transfers between funds (1,942) 1,942 Net movoment In funds 47,945 (33,585) 14,360 12,404 Reconclllation of funds Total funds brought forward Total funds carried forward 444,968 492,913 57,742 24,157 502,710 517,070 490,306 502,710 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing acts'vities. The notos on pages 21 to 31 fonn part of these financial statements: 18 Dementia (Nl) Company Limitsd by Guarantee statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets 12 14,758 22,221 Current asset8 Debtors Cash at bank and in hand 13 33,877 487,132 521,009 24,546 472,220 496,766 Creditors: amounts falling due wlthln one year Not current assets 15 18,697 16,277 480,489 502,710 502,710 502,312 Total assets1955 currènt Ilabllltle8 517,070 517,070 Net as30ts Funds of the charlty Restricted funds Unrestricted funds 24,157 492,913 517.070 57,742 444,968 Total charity fundB 16 502,710 These financial statements have been prepared in accordance with the provisions applicable to cornpanies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 9 November 2024, and are signed on behalf of the board by.. ffleLL]o tt(LQLL Ms A Faulkner Trustee Ms L Baker Trustee The notes on pages 21 to 31 form part of these financial statements. 19 Dementia (Nl) Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2024 2024 2023 Note Cash flows from operatlng activities Net income 14,360 12,404 Adjustments for Depreciation of tangible fixed assets Accrued expenses 7,463 3.532 7,463 Changes in.. Trade and other debtors Trade and other creditors (9,331 11.487) 14,537 (7,521) Cash generated from operations Net cash from operating activities 12,350 14,537 12,350 Cash flow8 from Investlng actlvltles Purchase of tsngible assets Net cash used in investing activities (2,500) (2,500) Net Increase In cash and cash equlvalents Cash and cash equlvalents at beginning of yoar Cash and cash equivalents at end of year 14,537 471.361 9,850 461,511 471,361 14 485,898 The notes on pages 21 to 31 forni part of these financial statements. 20 Dementia (Nl) Company Limitsd by Guarantee Not8s to the Financial Statsments Year ended 31 March 2024 General information The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is NICVA Building. 61 Duncairn Gardens, Belfast, BT15 2G8. statement of compliance These financial statements have been prepared in compliance 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 with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. A¢countlng polici08 Basis of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charrty's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statement5 requires management to make judgements. estimates and assumption5 that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestrlcted funds earmarked by the trustees for particular future project or comrnitment. Restricted funds are subjected to restrictions on theirexpenditure declared by the donor orthrough the terms of an appeal, and fall into one of sub