Dementia (NI)
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted funds |
Restricted funds |
Totalfunds | Total funds | ||
| Note | £ | £ | £ | E | |
| Income and endowments | |||||
| Donations and legacies | 5 | 687,182 | 56,478 | 743,660 | 609,779 |
| Investment income | 6 | 11,500 | - | 11,500 | = |
| Total income | 698 682 | 56,478 | 755,160 | 609,779 | |
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 7 | 101,916 | 28,757 | 130,673 | 66,603 |
| Expenditure on charitable activities | J | 521,258 | 17,938 | 539,196 | 528,816 |
| Total expenditure | 623,174 | 46,695 | 669,869 | 595,419 | |
| Netincomeand netmovement infunds | funds | 75,508 | 9,783 | 85,291 | 14,360 |
| Reconciliation offunds | |||||
| Total funds broughtforward | 492,913 | 24,157 | 517,070 | 502,710 | |
| Totalfundscarriedforward | 568,421 | 33,940 | 602,361 | 517,070 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 21 to 32 form part of these financial statements. - 18 -
Dementia (NI)
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|2025|2024|
|Note|£|£|£|
|Fixed|assets|
|Tangible|fixed|assets|12|9,966|14,758|
|Current|assets|
|Debtors|13|75,948|33,877|
|Cash|at|bank|and|in|hand|528,579|487,132|
|604,527|521,009|
|Creditors:|amounts|falling|due within|one year|15|12,132|18,697|
|Net|current|assets|592,395|502,312|
|Total|assets|less|current|liabilities|602,361|517,070|
|Net|assets|602,361|517,070|
|Funds|of the|charity|
|Restricted|funds|33,940|24,157|
|Unrestricted|funds|568,421|492,913|
|Total|charity funds|16|602,361|517,070|
----- End of picture text -----
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
These financial statements were approved by the board of trustees and authorised for issue on 15 November 2025, and are signed on behalf of the board by:
Nave faudionwe Ms A Faulkner Trustee
lanes Ms L Baker Trustee
The notes on pages 21 to 32 form part of these financial statements.
- 19 -
Dementia (Nl)
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2025
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|2025|2024|
|Note|£|£|
|Cash|flows|from|operating|activities|
|Net|income|85,291|14,360|
|Adjustments|for:|
|Depreciation|of tangible|fixed|assets|5,734|7,463|
|Other|interest|receivable|and|similar|income|(11,500)|-|
|Accrued|expenses|4,222|3,532|
|Changes|in:|
|Trade|and|other debtors|(42,071)|(9,331)|
|Trade|and|other|creditors|(10,844)|(1,487)|
|Cash|generated|from|operations|30,832|14,537|
|Interest|received|11,500|-|
|Net|cash from|operating|activities|42,332|14,537|
|Cash|flows from|investing|activities|
|Purchase|of tangible|assets|(942)|-|
|Net|cash|used|in|investing|activities|(942)|-|
|Net|increase|in|cash|and|cash|equivalents|41,390|14,537|
|Cash|and|cash|equivalents|at|beginning|of year|485,898|471,361|
|Cash|and|cash|equivalents|at end|of year|14|527,288|485,898|
----- End of picture text -----
The notes on pages 21 to 32 form part of these financial statements.
- 20 -
Dementia (NI)
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2025
1. 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 2GB.
2. 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 Financia! Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
- Accounting policies
Basis of preparation
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 charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions 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 unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
-21-
Dementia (NI) Company Limited by Guarantee
Notes to the Financial Statements (continueg)
Year ended 31 March 2025
- Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
e income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
— legacy income is recognised when receipt is probable and entitlement is established.
-
e income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
e 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 to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
2 expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
e expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
e other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
All fixed assets are initially recorded at cost.
-22.-
Dementia (NI)
Company Limited by Guarantee
Notes to the Financial Statements (continue)
Year ended 31 March 2025
3. Accounting policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office Equipment
- 20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable 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 impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is cognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
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 subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting 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 recognised as an expense in the period in which it arises.
- 23 -
Dementia (NI) Company Limited by Guarantee Notes to the Financial Statements (continueq) Year ended 31 March 2025
4. Limited by guarantee
The company is limited by guarantee, the members being required to pay not more than £1 in the event of a winding up.
§. Donations and legacies
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2025 | |||
| E | £ | £ | |||
| Donations | |||||
| Donations In Memory Donations |
432,938 189,564 |
- - |
432,938 189,564 |
||
| Gift aid | 25,480 | - | 25,480 | ||
| Legacies | |||||
| Legacies | 39,200 | - | 39,200 | ||
| Grants | |||||
| The National Lottery Community Fund | - | = | = | ||
| Mental Health Fund | - | - | - | ||
| LFT Charitable Trust | — | ~ | - | ||
| DormantAccounts | - | 49 518 | 49,518 | ||
| Police Property Fund | - | 6,960 | 6,960 | ||
| 687,182 | 56,478 | 743,660 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations In Memory Donations |
281,630 177,666 |
- - |
281,630 177,666 |
||
| Gift aid | 20,553 | - | 20,553 | ||
| Legacies | |||||
| Legacies | - | - | - | ||
| Grants | |||||
| The National Lottery Community Fund | - | 58,654 | 58,654 | ||
| Mental Health Fund | - | 49,770 | 49,770 | ||
| LFT Charitable Trust | - | 5,000 | 5,000 | ||
| Dormant Accounts | - | 16,506 | 16,506 | ||
| Police Property Fund | - | - | - | ||
| 479,849 | 129,930 | 609,779 | |||
| 6. | Investment income | ||||
| Unresiricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Bankinterestreceivable | 11,500 | 11,500 | = | = |
- 24 -
Dementia (NI)
Company Limited by Guarantee
Notes to the Financial Statements (continueg)
Year ended 31 March 2025
7. Costs of raising donations and legacies
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Funds|
|Funds|Funds|2025|
|£|£|£|
|Fundraising|101,916|28,757|130,673|
|Unrestricted|Restricted|Total|Funds|
|Funds|Funds|2024|
|£|£|£|
|Fundraising|65,895|708|66,603|
|8.|Expenditure|on|charitable|activities|by fund|type|
|Unrestricted|Restricted|Total|Funds|
|Funds|Funds|2025|
|£|£|£|
|Operations|221,413|8,140|229,553|
|Communications|60,373|-|60,373|
|Campaigning|for Change|49,118|-|49,118|
|Empowerment|163,243|9,798|173,041|
|Support costs|27,111|-|27,111|
|521,258|17,938|539,196|
|Unrestricted|Restricted|Total|Funds|
|Funds|Funds|2024|
|£|£|£|
|Operations|179,695|49,113|228,808|
|Communications|54,355|411,011|65,366|
|Campaigning|for Change|44,977|-|44,977|
|Empowerment|66,112|104,625|170,737|
|Support|costs|18,928|-|18,928|
|364,067|164,749|528,816|
|9.|Net|income|
|Net|income|is|stated|after|charging/(crediting):|
|2025|2024|
|£|E|
|Depreciation|of tangible|fixed|assets|5,734|7,463|
|Fees|payable|for the|audit|of the|financial|statements|4,140|3,300|
----- End of picture text -----
-~ 25 -
Dementia (NI)
Company Limited by Guarantee
Notes to the Financial Statements (continueg)
Year ended 31 March 2025
10. Staff costs
| The total staffcosts and employee benefits forthe reporting period are analysed as follows: 2025 2024 |
The total staffcosts and employee benefits forthe reporting period are analysed as follows: 2025 2024 |
The total staffcosts and employee benefits forthe reporting period are analysed as follows: 2025 2024 |
|---|---|---|
| £ | £ | |
| Wages and salaries Social security costs Employer contributions to pension plans Otheremployee benefits |
368,370 30,122 38,643 768 |
343,797 25,633 29,336 763 |
| 437,903 | 399,529 | |
| The average head count ofemployees during the yearwas 14 (2024: 14). The average numberof | ||
| full-time equivalentemployees during theyear isanalysedasfollows: | 2025 | 2024 |
| No. | No. | |
| Numberofstaff-Operational | 14 | 14 |
No employee received employee benefits of more than £60,000 during the year (2024: Nil).
Key Management Personnel
Key management personnel include all persons as part of the senior management team and have responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £167,710 (2024 - £150,110).
11. Trustee remuneration and expenses
No members of the Board of Trustee received any remuneration during the year. No trustee or other person related to the Charity has any personal interest in any contract or transaction entered into by the Charity during the year (2024 - Nil)
During the year reimbursements for expenses totalling £212 (2024 - £883) was made to 2(2024 - 3) Trustees.
- 26 -
Dementia (NI)
Company Limited by Guarantee
Notes to the Financial Statements (continueg)
Year ended 31 March 2025
12. Tangible fixed assets
| 12. | Tangible fixed assets | ||
|---|---|---|---|
| Equipment | Total | ||
| £ | £ | ||
| Cost | |||
| At 1 April 2024 | 42,785 | 42,785 | |
| Additions | 942 | 942 | |
| At 31 March 2025 | 43,727 | 43,727 | |
| Depreciation At 1 April 2024 |
28,027 | 28,027 | |
| Charge fortheyear | 5,734 | 5,734 | |
| At 31 March 2025 | 33,761 | 33,761 | |
| Carrying amount At 31 March 2025 |
9,966 | 9,966 | |
| At 31 March 2024 | 14,758 | 14,758 | |
| 13. | Debtors | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Prepayments and accrued income Otherdebtors |
5,114 70,834 |
10,967 22,910 |
|
| 75,948 | 33,877 | ||
| 14. | Cash and cash equivalents | ||
| Cash and cash equivalents comprise the following: | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Cash at bank and in hand | 528,579 | 487,132 | |
| Bank overdrafts | (1,291) | (1,234) | |
| 527,288 | 485,898 | ||
| 15. | Creditors: amounts falling due within one year | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Bank loans and overdrafts | 1,291 | 1,234 | |
| Trade creditors | 55 | 10,899 | |
| Accruals and deferred income | 10,786 | 6,564 | |
| 12,132 | 18,697 |
- 27 -
Dementia (NI)
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2025
16. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 31 March | ||||
| 1 April 2024 £ |
income £ |
Expenditure £ |
Transfers £ |
2025 £ |
|
| General funds | 492,913 | 698,682 | (623,174) | - | 568,421 |
| People & Communities | |||||
| Programme | = | = | = | = | = |
| 492,913 | 698,682 | (623,174) | - | 568,421 | |
| At | |||||
| At | 31 March | ||||
| 4 April 2023 | Income | Expenditure | Transfers | 2024 | |
| £ | £ | £ | £ | £ | |
| General funds | 397,217 | 479,849 | (429,962) | 45,809 | 492,913 |
| People & Communities | |||||
| Programme | 47,751 | - | ~ | (47,751) | - |
| 444,968 | 479,849 | (429962) | (1,942) | 492,913 |
People and Communities Programme As part of the Dementia Empower & Support Project created to engage with people living with dementia, early stage post-diagnosis. Unrestricted funds have been designated in delivery of our People and Communities Programme.
- 28 -
Dementia (NI)
Company Limited by Guarantee
Notes to the Financial Statements (continueg)
Year ended 31 March 2025
16. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 31 March | ||||
| 1 April 2024 £ |
Income £ |
Expenditure £ |
Transfers £ |
2025 £ |
|
| UK DEEP Innovations in | |||||
| Dementia | - | ~ | - | - | - |
| Arts Council of Northern | |||||
| Ireland - Lottery funding | - | - | - | - | - |
| John Moore's | |||||
| Foundation | ~ | - | - | - | - |
| The National Lottery | |||||
| Community Fund Mental Health Fund |
- 10,815 |
- - |
- (10,815) |
- ~ |
- - |
| LFT Charitable Trust | - | - | ~ | - | - |
| DormantAccounts | 13,342 | 49,518 | (35,880) | - | 26,980 |
| Police Property Fund | - | 6,960 | ~ | - | 6,960 |
| 24,157 | 56,478 | (46,695) | - | 33,940 | |
| At | |||||
| At | 31 March | ||||
| 4 April 2023 | Income | Expenditure | Transfers | 2024 | |
| £ | £ | £ | £ | £ | |
| UK DEEP Innovations in | |||||
| Dementia | 770 | - | - | (770) | - |
| Arts Council of Northern | |||||
| Ireland - Lottery funding | 471 | - | (525) | 54 | - |
| John Moore's | |||||
| Foundation | 708 | - | (708) | - | = |
| The National Lottery | |||||
| Community Fund Mental Health Fund |
31,567 19,226 |
58,654 49,770 |
(93,102) (58,181) |
2,881 - |
- 10,815 |
| LFT Charitable Trust | 5,000 | 5,000 | (9,777) | (223) | ~ |
| DormantAccounts | - | 16,506 | (3,164) | - | 13,342 |
| Police Property Fund | - | - | - | - | = |
| 57,742 | 129,930 | (165,457) | 1,942 | 24,157 |
- 29 -
Dementia (NI)
Company Limited by Guarantee
Notes to the Financial Statements (continuea)
Year ended 31 March 2025
16. Analysis of charitable funds (continued)
UK DEEP Innovations in Dementia DEEP (Dementia Engagement and Empowerment Project) is working to create a UK wide network of user's involvement groups of people with dementia. This fund is to be used in the enhancement of influencing Activities.
Arts Council of Northern Ireland - Lottery funding Public funding to tackle loneliness in people with dementia in Northern Ireland. This pioneering initiative aims to promote positive mental health and wellbeing among elderly people.
Halifax Foundation Trust
The grant received is to support the creation of an online presence for Dementia (NI).
The National Lottery Community Fund
The 4 year project will engage with 180-200 people living with dementia, early state post-diagnosis. Participants will benefit from the mutual support of others living with dementia to help come to terms with the diagnose, manage the challenges they face, reconnect with their communities, use and build on their own strengths, rebuild confidence, engage in proactive, meaning empowerment activities, and avail of leadership opportunities.
John Moores Foundation
The grant has been received to support volunteer training, expenses and celebration, IT, Outreach sessions.
Mental Health Fund Project
Dementia Diagnosis - a tailored approach to promoting positive mental health and living well with dementia.
-
Provide tailored support for people dealing with the mental health impact of a dementia diagnosis
-
Develop our In the Same Boat service to create a pathway for peer support for people living with a dementia diagnosis
-
¢ Build mental health resilience in more individuals following a dementia diagnosis
LFT Charitable Trust
Dementia should not stop a conversation; it should start one. Grant to fund development of video and photography content and resources for Dementia NI, aimed at both people living with dementia and the general public throughout Northern Ireland.
Dormant Accounts fund
‘From reliance to resilience; building a sustainable future for Dementia NI.' This grant will fund one full time post supporting the delivery of our income generation strategy. This project will help Dementia NI move away from a position of reliance on large grant funding to deliver core work, helping us to build a more sustainable future.
Police Property Fund Grant
In 2021 Dementia NI members secured the support of the PSNI to bring the Herbert Protocol to Northern Ireland. The Herbert Protocol consists of a form, available to download from the PSNI website, which can be completed with vital information about a person with dementia. This information can then be used by police in the event of the person going missing. The Police Property Fund Grant of £8,700 will fund continued awareness raising of the Herbert Protocol through a programme of eight awareness raising events over two years. These events will help increase understanding of the Herbert Protocol and how it can help people with dementia and their families.
- 30 -
Dementia (NI)
Company Limited by Guarantee
Notes to the Financial Statements (continueg)
Year ended 31 March 2025
17. Analysis of net assets between funds
| Unrestricted Funds |
Restricted Funds |
Total Funds 2025 |
||
|---|---|---|---|---|
| £ | E | £ | ||
| Tangible fixed assets | 9,966 | - | 9,966 | |
| Current assets | 569,546 | 34,981 | 604,527 | |
| Creditors lessthan 1 year | (11,091) | (1,041) | (12,132) | |
| Net assets | 568,421 | 33,940 | 602,361 | |
| Unrestricted Funds |
Restricted Funds |
Total Funds 2024 |
||
| £ | £ | £ | ||
| Tangible fixed assets | 14,758 | - | 14,758 | |
| Current assets | 493,953 | 27,056 | 521,009 | |
| Creditors less than 1 year | (15,798) | (2,899) | (18,697) | |
| Net assets | 492,913 | 24,157 | 517,070 | |
| 18. | Financial instruments | |||
| The carrying amount foreach category offinancial instrument is as follows: | ||||
| 2025 | 2024 | |||
| £ | £ | |||
| Financial assets measured atfairvaluethrough income and expenditure | ||||
| Financial assets measured at fair value through income and | ||||
| expenditure | §§,942 | 22,910 | ||
| Financial liabilities measured at fairvalue | through income and expenditure | |||
| Financial liabilities measured at fair value through income and | ||||
| expenditure | 12,133 | 18,697 | ||
| 19. | Analysis ofchanges in netdebt | |||
| At | ||||
| At 1 Apr 2024 | Cash flows | 31 Mar 2025 | ||
| E | £ | £ | ||
| Cash at bank and in hand | 487,132 | 41,447 | 528,579 | |
| Bank overdrafts | (1,234) | (57) | (1,291) | |
| 485,898 | 41,390 | 527,288 |
20. Pension commitments
Defined contribution plans
The amount recognise in income or expenditure as an expense in relation to defined contribution plans was £22,425 (2024 £16,258). At the year end an amount of £4,466 (2024- £3,533) was outstanding.
- 31 -
Dementia (NI)
Company Limited by Guarantee
Notes to the Financial Statements (continueq)
Year ended 31 March 2025
21. Ethical standards
In common with many other businesses of our size and nature, we use our auditors to assist with the preparation of the financial statements.
- 32 -