2022-03-31-accounts - Time And Talents Association

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Reference	Reference	and Administrative	Details
Charity number:			1084545
Company	number:		04009766
Registered	Address:		The Old Mortuary
			St Marychurch Street
			London
			SE164JE
Trustees:			Angela Woodley - Chair
			Rebecca Bland —Treasurer
			Alisa Dolgova
			Mark Fisher
			Truly Johnston
			Timea Kadar
			Anne Koch
			Susan Lower
			Francis Williams
			Lorraine Zuleta —resigned 10November		2021
Key management
CEO			Sarah GIbb
Head ofOperations			Diana Hofler
Independent		Auditors:	Azets Audit Services
			Chartered Accountants
			2""Floor, Regis House
			45 King William Street
			London
			EC4R 9AN
Bankers:			The Co-operative Bank
			PO Box101,1Balloon Street
			Manchester, M604EP
			Unity Trust Bank
			Four Brindley Place
			Birmingham, 812J8
			CCLA Investment Limited
			COIF Charity Funds,	80Cheapside
			London, EC2V 6DZ
Investment		Managers:	M &6 Investments	(Charities)
			PO Box9038
			Chelmsford, CM99 2XF
			Black Rock Merrill Lynch
			PO Box9036
			Chelmsford, CM99 2XD

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF TIME & TALENTS ASSOCIATION Revlewlng flnanclal staterrent dlsclosures and testlng Io supportln8 documentation lo assess compliance with applicable laws and regulations; Performing audit work over the risk of management bias and overrlde of controls, including testlng of journal entrles and other adjustments for approprlateness, evalL4ating the buslness rationale of slgnificant transactions outside the normal course of business and reviewin8 accounting e5tlmates for indicator5 of potential blas. Because of the inherent Ilmltatlons of an audit, there is a rlsk that we will not detèrt all IrreBularlties, including those leadlng to a material misstatement In the flnanclal statements or non-compliance wlth reBulatlon. Thls rlsk Increases the more that compllance with a law or regulatlon Is removed from the events and transactions reflected in the financial statements, as we will be less15kely to become aware of instances of non-compliance. The risk is also greater regarding iriegularities occurring due to fraud rather than error, as fraud involve5 IntentSonal concealment, forgery, tolluslon, omission or misrepresentation. A further description of our responsibilities Is available on the Finantlal Reportin8 Council'5 webslte at: httP5'.l/www.frc.org.uk/Our-WorklAudit/Audlt-and-assurancelStandards-and-guldancel5tandard5-and- guidance-for-audltors/Auditors-responsibilities-for-audit/Description-of-audltors-responsibilities-for- audit,3spx. This destrlptlon forms part of our auditor's report. Use of our report This report Is made solely to the charitable company's members, as a body. In accordance with Chapter 3 of Part 16 of the Companles Act 2006. Our audit work has been undertaken 50 that we mlght state to the charltable compan¢s members those matters we are requlred to state to them in an audltorfs report and for nts other purpose. To the fullest extent permitted by law, we do not acceptor assume responslb115tyto anyone otherthan the charitable company and the charitable companvs members as a body, for our audlt work, for this reporL or for the opinions we have fomed. A2eb 4. LTr John Howard FCA (Senlor Statutory AudStorl For and on behalf of Azets Audit Service5 Statutory Auditor n6 2 Floor, Regis House 45 King Willlam Street London EC4R 9AN Date 2-S ZJJZL 26

					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					2022	2022	2022	2021
				Notes	E	E	E	E
INCOME FROM:
Donations and fundraising income					78,673		78,673	74,569
Charitable activities					167,845	259,760	427,605	786,715
Investments					141		141	162
Other Income					266		266	4,430
TOTAL INCOME					246,925	259,760	506,685	865,876
EXPENDITURE ON:
Raising funds					5,418		5,418	7,865
Charitable activities:
Depreciation					3,387	22,780	26,167	25,631
Governance					8,370		8,370	6,500
Other charitable activities					310,329	260,781	571,110	623,597
					327,504	283,561	611,065	663,593
Net gains/(losses)		on investments			100		100	422
Net income/expenditure					(80,479)	(23,801)	(104,280)	202,705
Other recognised	gains/(losses):
Actuarial gains/(losses)			on pension	14
scheme					4,395		4,395	(264)
NET MOVEMENT	IN FUNDS				P6,084)	(23,801)	(99,885)	202,441
RECONCILIATION	OF FUNDS:
Total funds brought		forward		15	281,890	273,611	555,501	353,060
TOTAL FUNDS CARRIED			FORWARD	15	205,806	249,810	455,616	555,501

			2022		2021
		Notes	E		E
FIXEDASSETS
Tangible assets		10		164,330		190,497
Investments		11		3,381		3,281
				167,711		193,778
CURRENT ASSETS
Debtors		12	47,515		20,484
Cash at bank and in hand			363,276		459,823
			410,791		480,307
CREDITORS: amounts	falling due within	13
one year			(121,475)		(110,871)
NET CURRENT ASSETS				289,316		369,436
Defined benefit pension scheme		14		(1,411)		(7,713)
NET ASSETS				455,616		555,501
CHARITYFUNDS
Restricted funds		16		249,810		273,611
Unrestricted funds		15		205,806		281,890
TOTALFUNDS				455,616		555,501

NCOME FROM	CHA	RITABLE ACTIVITIES
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2022	2022	2022	2021
			E	E	E	6
Core Management		and Premises	162,199		162,199	228,026
Space Hire			5,646		5,646	(845)
Cycling without	age			7,948	7,948	5,850
Older people services				121,655	121,655	122,531
Gardening				9,816	9,816	10,596
Food hub						286,269
Children and family		services		70,431	70,431	38,185
Outdoor Activities				12,500	12,500	22,745
Adult Groups				2,760	2,760	14,638
Befnending				28,714	28,714	46,926
Older Activities				5,936	5,936	11,794
			167,845	259,760	427,605	786,715
ToteI2021			227,181	559,534	786,715

	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2022f	2022 E	2022 f	2021 f
Job Retention Scheme	266		266	4,430
	266		266	4,430
Total 2021	4,430		4,430

OTAL RE	SOURCES EXPEND	ED
		Cost of	Core	Cycling	Older	Gardening
		Generatin	Management	Without Age	People
		8f	E	E
Marathon	costs	5,418
Staff costs			120,100	8,205	116,152	35,618
Auditors	remuneration
Depreciation
Othercosts			101,896	1,042	7,374	3,652
Total		5,418	221,996	9~247	123g526	39,270

TOTAL RESO	U	RCES EXPEN	DED	(continued)
				Children 8	Outdoor	Adult	Befriending	Older
				Family	Activities	Groups		Activities
				E	E	E
Marathon costs
Staff costs				59,316	39,859	13,253	25,381	21,710
Auditors remuneration
Depreciation
Other costs				11,762	625	1,740	1,300	2,125
Total				71,078	40,484	14,993	26,681	23,835
					Governance	Support	2022Total	2021Total
					Costs	Costs
					E	E
Marathon costs							5,418	7,865
Staff costs							439,594	387,741
Auditors remuneration					8,370		8,370	6,500
Depreciation						26,167	26,167	25,631
Other costs							131,516	235,856
Tota I					8,370	26,167	611,065	663,593
NET INCOME/(EXPENDITURE)
This is stated	after charging:
							2022	2021
							E	E
Depreciation		oftangible	fixed	assets:
-owned	by the charity						26,167	25,631
Auditors' remuneration			(VAT	inclusive)			8,370	6,500

taff costs w	ere as follows:
		2022	2021
		E	E
Salaries		382,476	345,615
Employers Nl Pension costs		30,678 16,062	28,408 13,718
Temporary	staff costs	10,378
		439,594	387,741

	L/Term
	Leasehold	Solar	Motor	Fixtures	Computer
	Property	Panels	Vehicles	and	equipment	Total
				fittings
		f	f	f
Cost
At 1April 2021	455,594	17,504	32,713	36,933	14,503	557,247
At 31March 2022	455,594	17,504	32,713	36,933	14,503	557,247
Depreciation At 1April 2021 Charge for the year	305,554 22,780	292 875	32I713	18,338 979	9,853 1,533	366,750 26,167
At 31March 2022	328,334	1,167	32,713	19,317	11,386	392,917
Net book value
At 31March 2022	127~260	16~337		17,616	3,117	164,330
At 31March 2021	150,040	17,212		18,595	4,650	190,497

IXEDASSETI	NVESTMENTS
			Listed
			securities
			f
Market value
At 1April 2021			3,281
Revaluations			100
At 31March	2022		3,381
Investments	at market value comprise:
		2022	2021
		f	f
Listed investments		3,381	3,281

	TIM	E	&TALENTS ASSOCIATION	&TALENTS ASSOCIATION
			NOTES TO THE FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31MARCH 2022
12.	DEBTORS
				2022	2021
				E	E
	Trade debtors			5,715	1,264
	Other debtors				227
	Prepayments and accrued income			41,800	18,993
				47,515	20,484
13.	CREDITORS: Amounts		falling due within one year
				2022	2021
					E
	Trade creditors			11,882	7,454
	Other taxation and	social security		(2,272)	7,043
	Other creditors			6,564	7,028
	Accruals and deferred		income	105,301	89,346
				121,475	110,871
	Deferred income
	Deferred income at	1	April 2021		64,557
	Resources deferred	during the year			215,516
	Amounts released from previous years				(188,108)
	Deferred income at 31March 2022				91,965

	2022	2021	2020
Assumptions	N per	N per	N per
	annum	annum	annum
Rate of discount	2.35	0.66	2.53

		Balance at	Income	Expenditure	Gains/	Balance at
		1April			(losses)	31March
		2021				2022
		E				E
Unrestricted	funds
General funds		281,890	246,925	(327,504)	4,495	205,806
Restricted funds (summary)
Restricted funds for charitable
activities (note 16)		273,611	259,760	(283,561)		249,810
		555,501	506,685	(611,065)	4,495	455'616

RESTRICTED	FU	NDS BREAKDOWN —	PRIOR YEAR
			Balance at			Balance at
			1April			31March
			2020 f	Income E	Expenditure f	2021 f
Old Mortuary	Renovation		172,820		(22,780)	150,040
Cycling without age Older people services				5,850 122,531	(4,467) (71,880)	1,383 50,651
Gardening Food hub				10,596 286,269	(10,596) (249,402)	36,867
Children and	family services			38,185	(25,680)	12,505
Outdoor Activities				22,745	(22,745)
Adult Groups Befriending				14,638 46,926	(14,638) (24,761)	22,165
Older Activities				11,794	(11,794)
Balance carried		forward	172,820	559,534	(458,743)	273,611

	Unrestricted	Restricted	Total
	funds	funds	funds
	2022	2022	2022
	E	E	E
Tangible fixed assets Fixed asset investments	37,070 3,381	127,260	164,330 3,381
Current assets	288,241	122,550	410,791
Creditors due within one year	(121,475)		(121,475)
Provisions for liabilities	(1,411)		(1,411)
	205,806	249,810	455,616

	Unrestricted	Restricted	Total
	funds	funds	funds
	2021	2021	2021
	E	f	E
Tangible fixed assets	40,457	150,040	190,497
Fixed asset investments	3,281		3,281
Current assets	356,736	123,571	480,307
Creditors due within one year	(110,871)		(110,871)
Provisions for liabilities	(7,713)		(7,713)
	281,890	273,611	555,501