Company Registration No. 013937(F) (England and Wales) TIMATSIDE LTD (A Company Limited by Guarantee) Financial Statements For the year ended 31 December 2023 SEFfoN YODAIKEN & CO CHARTERED ACCOUNfANrs Fairways House George StreeL Prestwich Manchester M25 9WS
•Timatside Ltd• Contents Page Directors, report Independent examiners report Statement of financial activities Balance sheet Notes kn the financial statements Page I
•Timatside Ltd• Directors Report For the year ended 31 December 2023 The Directors present their amiual report with the finan statements for the year ended 31 December 2013. Principal Activity The company's prinapal activity during the year was that of charity. Directors Mrs. L Heilpem Mrs. P. Stenhouse This Teport has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2(KJ6 relating to small companies. By order of the board Mrs L Heilpern 19 August 2024 Page 2
Independent examiners report for the trustees For the year ended 31 December 2023 I report on the accounts of the Trust for the year ended 31 Decernl 2023 which are set out on pages 4 to 5. Respective responsibilities of tnth and examiner As the chlS trustees you are Tesponsible for the preparation of the accounts. You consider that the audit requirement of section 144 of the Charities Act 2011 (the Act) aS not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Cornmiwoners under section 145(5)(b) of the ACL whether particular matters have come to my attentio Basis of independent examinds report My exaniination was carried out in accordance with the General Directions given by the awity Comrnissioners. Iln exaniination indudes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also indudes consideration of any nSual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequendy do not express an audit opinion on the view given by the accounts. Independent examinerfs statement In connection with my examination, no matter has come to my attenti (l) Which gives me reasonable cause to belxeve that in any material reSt the requirements to keep accounting records in accordan with section 130 of the Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirement of the Act have not be meL' or (ll) (2) to which, in my opinion, attention should IE drawn in order to enable a proper undersianding of the accounts to be reached. 19 August 2024 Sefton Yodaiken & Co Fairways H(iuse Qorge Street Prestuyich M25 9WS Page 3
•Timatside Ltd• Statement of Financial Activities For the year ended 31 December 2023 201 2022 Incoming resources Gift of shares Voluntary income Investment income 440,0(X) 29,736 7,733 18,948 14,151 Total incoming resources 4T/,469 33,099 Resources expended Donations made Governance costs Admintstrative expenses 84,555 2(M) 743 19,460 150 610 Total resources expended 85,498 20,220 Surplus for the year Surplus B/F 391,9n 2,261 12,879 210J2 Surplus C/F 615,232 223,261 The profit and loss account has been prepared on the basis that all operations are continuing operations. There are no recognisable gains and losses other than those passing through the profit and loss account. Page 4
•Timatside Ltd• Balance Sheet as at 31 December 2023 2023 2022 Fixed a&sets TangLile fixed assets 280,tK)O 150,000 Current assets InVestents Cash at bank 189, 581J66 (606) 189,345 (556) Creditor5: due within one year Net current assets 580,760 188,789 Total assets less current Jiabjjities 860,760 338,789 Creditors: due after one year (38A47) (38A47) 822J13 300B42 Capital and reserves Revaluation reserve Profit and loss account 207ffi1 615,232 77,081 223,261 822?13 3(K),342 (a) The director8 are of the opinion that the company is entstled to the exemption from audit conferred under section 477 of the Companies Act 2[. (b) The ntErS have not required the company to obtain an audit of its financ statements in accordan th section 476 of the Companies Act 2006, and (c) The directors acknowledge their responsibilities for: (i) complying with the requirements of the Act wÈth rw io accounting records and for the preparation of accounts and preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial period and which otherwise comply with the requirements of the Act relating to accounts, so far as applicable to the company. (ll) These accounts have been prepared in acCordae wlth the provisions applicable to companies subject to small companieg re8ime. Mrs L Hellpern Directors 19 Au8USt 2024 Page 5
•Timatside Ltd• Notes to the Financial Statements For the year ended 31 December 2023 l. Accounting Policies 1.1 Accountins Conventions These accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the charities statement of recommended practise on accounting by charities (Charities SORP FRS 102) and the Charilies Act 2011). 2. T&xation The company is non profit making and a registered charity and as such there is no COTporation tax. 3. Investment income 2022 Rent received Dividend income 14,151 14,151 Governance costs 20 2022 Accountancy 2(K) 150 5. Administrative expenses 2028 2022 Insurance Sundry 593 150 569 41 743 610 Page 6
•Timatside Ltd• Notes to the Financial Statements For the year ended 31 December 2013 6. Tangible Fixed Assets Land & Buildings B/F 150,000 130,(XX) Surplus on Tevaluation 280,000 Depreciation Charge for the year Net Ix)ok value 31 December 2023 280,000 31 December 2022 150,(XX) The property was revalued by the Truslees as at 31 December 2023. the historic cost of the property was £71919 7. Investments: fair value 2023 2022 Shares The shares were gifted to the charity in January 2023 and subsequently disposed of in May 2024. 8. Creditors: amounts due within one year 2023 2022 Accruals Other creditors 150 556 9. Creditors: amounts due after one year 2013 2022 Loan account 38,447 38,447 10. The company is a registered charity, number 1062745. Page 7