## **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.**
**F&** **1+O&** **+,$/** **3&O&,/.&3** **5/"&** **%1/"/#81** **%"+2*2*8** **5/3#,&$** **0/"**
**%1/$&** **P2$12*8** **%/** **J&** **%"+2*&3** **%/** **,&+3** **/#"** **+N%2O2%2&$S**|
|---|---|---|
## **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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|
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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|
- **Note 1** ‘Donations’ includes one-off donations and gifts from regular donors, as well as legacy and gifts _in memoriam_ . In 2023/2024 the donations included three one-off gifts totalling £13,000.
- **Note 2** No charges are made to beneficiaries for charitable activities. **Note 3** The online Workshops (trading) aspect of the charity for Word into Motion and School of Prophecy accounted for approximately 5% of income.
- **Note 4** No Gift Aid has been reclaimed direct. Where a registered third party has reclaimed Gift Aid on a donation through their systems (such as our preferred partner Stewardship), the total donation received includes the Gift Aid they have reclaimed.
- **Note 5** The charity does not spend any money in fundraising activities. **Note 6** Charitable activities - School of Prophecy, StretchCo and Word into Motion.
## **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:
- accounting records were not kept in accordance with section 130 of the Act **or**
- the accounts do not accord with the accounting records
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