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