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← Timeless Wonder Foundation

2024-07-31-accounts

Trustees’ Annual Report for the period

From: 1[st] August 2023 TO 31[st] July 2024

Charity name: TIMELESS WONDER FOUNDATION

Charity registration number: 1105171

Objectives and Activities

Summary of the purposes of
the charity as set out in its
governing document		 For or towards the promotion and advancement of the Christian
religion or towards others related charitable purposes as the
trustees think fit, including thought not limited to the provision of
Christian resources, literature, training and educational services.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Teaching and training people in the Christian faith through
conferences, meetings and training schools across the world, in
person and through any currently available online technology.
The work that Timeless Wonder Foundation currently does is
across 3 main projects:
School of Prophecy - primarily comprises live workshops and
social media
StretchCo - ongoing blended learning for a growing community
Word into Motion - helping people to experience scripture in a
fresh way - through movement.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 During this year the trustees have been guided by the Charity
Commission’s advice on public benefit. We actively invite
feedback and comments from every person taking part in any of
our activities to find out what difference it has made to their
lives. These reports are carefully considered by the trustees to
ensure all we do is for thepublic benefit.

Achievements and Performance

Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 The new trustees wish to thanks the former trustees for all their
hard work, time and passion for the charity over many years. The
year 2023/2024 started with the new trustees making a number
of changes to prepare for growth.
We are pleased to say that we already seeing the growth we were
planning for - in income as well as expenditure. Several significant
gifts during this year have been very gratefully received and have
gone towards the further development of the charity.
We have improved significantly the way workshops and
communities are administered so more time can be spent on
helping to assist with focussing on training, development and
resources, with less time and cost required for everyday
administration of events and activities.
We have revamped and upgraded the studio set up and related
technologies so professional and helpful content can be created
for all beneficiaries of the charity.
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Financial Review

Review of the charity’s
financial position at the end
of the period		 The trustees are delighted to report that the growth has resulted
in a healthy end of year balance of £31,102 which will be invested
into further development in 2024/2025.
Statement explaining the
policy for holding reserves
statingwhytheyare held		 Reserves are held to ensure the smooth running of the charity
should donations fall or situations arise that the trustees could
not foresee.
Amount of reserves held The trustees believe that it is wise to ensure we always have 6
months of planned expenditure in unrestricted reserves
Reasons for holding zero
reserves		 N/A
Details of fund materially in
deficit		 None
Explanation of any
uncertainties about the
charity continuing as a going
concern		 None

Structure, Governance and Management

Type of governing document Trust Deed – declared on 14th April 2004. As amended by
supplemental deeds dated 9th July 2004 and 9th August 2007. As
amended on 3rd Mar 2023.
How is the charity
constituted?		 Charitable Trust
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Trustees are re-appointed each year at the AGM

Reference and Administrative details

Charityname Timeless Wonder Foundation
Other name the charityuses
Registered charitynumber 1105171
Charity’s principal address 39 Shepperton Road
Petts Wood
ORPINGTON
Kent
BR5 1DL

Names of the charity trustees who manage the charity

1
2
3
4
5
6		 Trustee name Office (if any) Dates acted if not for
whole year		 Name of person (or
body) entitled to
appoint trustee (if
any)
Alistair Martin
Scott		 Chair 1stJune 2023
Dr Russell Mark
Hedley FRCA		 1stJune 2023
Joanna Swinton
Davies		 1stJune 2023

Funds held as custodian trustees on behalf of others

Description of the assets None held in this capacity Name and objects of the None charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for None safe custody and segregation of such assets from the charity’s own assets

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JDavies		 R. Hedley
X($11$ B$30,. Dr Russell Mark Hedley FRCA

23 October 2024

23 October 2024

TIMELESS WONDER FOUNDATION

REGISTERED CHARITY NUMBER:

1105171

STATEMENT OF FINANCIAL ACTIVITIES

INCLUDING RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 JULY 2024

STATEMENT OF FINANCIAL ACTIVITIES

Note
Income from:
Donations and
legacies
1
Charitable
activities
2
Workshops
3
Reclaimed tax
4
Grants
Total income
Expenditure on:
Raising funds
5
Charitable
activities
6
Total expenditure
Net
(expenditure)/inc
ome for the year /
Net movement in
funds
Fund balances on
1 August
Fund balances on
31 July		 Unrestricte
d funds £
33,510
0
2,187
0
0
35,697
0
28,310
28,310
7,386
23,625
31,012		 Restricte
d funds
£
0
0
0
0
0
0
0
0
0
0
0
0		 2024
Total
funds £
33,510
0
2,187
0
0
35,697
0
28,230
28,230
7,366
23,625
31,012		 2023
Total
Funds £
15,431
0
0
0
0
15,431
0
14,302
14,302
1,129
22,497
23,625

BALANCE SHEETS

As at 31 July 2024
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one
year
Net current assets
Total assets less current liabilities
Income funds
Unrestricted funds
Restricted funds		 2024
£
0
31,012		 0
31,012
31,012
31,012		 2023
£
0
23,625		 0
23,625
0 0
31,012
0		 23,625
0
23,625
23,625

R. Hedley

Dr Russell Hedley, Trustee*

Section A Independent Examiner’s Report

Report to the trustees of Timeless Wonder Foundation

On accounts for year end 31[st] July 2024 Charity no 1105171 Set out on pages 6 and 7

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed: Date: 30 October 2024 S.Wright Name: Stephen Wright Relevant professional FCA (retired) qualification(s) or body

Address: 9 Red Lion Square, Borough Green, Kent, TN15 8FA