REGISTERED COMPANY NUMBER: 06707365 (England and Wales)
REGISTERED CHARITY NUMBER: 1132577
Re
rt of Ihe Trustees and
Financial Statements
for the Year Ended 31 March 2024
for
Paxton Green Time Bank
Acom
Limited b Guarantee
Barne5 Noble Ltd
Unitec House
2 Albert Place
London
N3 1QB

Paxton Gree
Time Bank
Contents of the Financial Statements
r the Year Ended 31 March 2024
Page
Report of the Trustees
Independent Examine¢s Report
statement of Financial Activities
Balsnce Sheet
Notes to the Financial Statements
8 to 12

Paxton Green Time Bank
istered number: 06707365
Re
ort of the Trustees
for the Year Ended 31 March 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006.
present their report with the financial statements of the charity for the year ended 31 March 2024.
The trUSt￿S have adopted the provisions of Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} (effecttve 1
January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Time banking is a continualty developing and exciting way for people to come together to help
others and to get help for themselves through reciprocal volunteering and the exchange of skills.
Members 'deposit' their time in the bank by sharing skills or helping others, and Gan spend their
time credits on the skills and support of other participants when they need a helping hand. Time
Banks are based on the principle of cooperation, and recognizing the assets within the local
comrnunlty.
Everyone's tlme Is valued equalty: One hour= 1 time credit
People help each other out with everything frorn making phone calls to sharing meals and giving
lifts to the shops - anything that brings them togelher. As such Time Banking has an economic
benefrt as well as improving well-being and t￿ilding social networks. In a time bank. everyone
becomes both a giver and a receiver.
Background
In February 2008 Drs Kevin Brinkhurst and Gemma Anson, GPS based at Paxton Green Group
Practice {PG(iP) submitted a proposal to Lambeth Primary Care Trust (PGT) for a time bank in
this area and were delighted when the PCT agreed funding for 2 years. Subsequent funding has
been raised by submitting bids to potential grant givers.
The current staff team consists of a Director and two part time staff. In the first year offices were
set up in Kingswood House, and Paxton Green Time Bank was registered as a charity with the
Charty Commission. There are currently seven trustees who meet bi-monthty.
ACHIEVEMEKfs IN THE PAST YEAR
During this year our Pantry has served over 600 local residents. We are proud to be able healthy
fresh food within an atsnosphere of dignity hope and choi￿. Many of our Pantry shoppers have
gone on to join the time bank and share skills.
"I love my weekly pantry trip. I look forward to finding the goodies in store and a friendly chat."
'The pantry has been very helpful. Stsff are very lovely and very friendly. so sociable with
everyone....I'm so glad we have this possibilrty around here. Thank you so much.,
Page 1

Paxton Green Time Bank
Re
istered number. 06707365
Re
ort of the Trustees
for the Year Ended 31 March 2024
Our time bank members have hosted visits from other time banks in Gloucester, and even a
member from a time bank in Ilaly. Regular activities indude yoga. wellbeing sessions, art classes
and more. Through the wlnter we were able to help over 140 families access the Southwark Cost
of Living fund to help with energy bills. We also continued to work wilh our various partners such
as the Neighbourhood Poli￿ leam and also Citizens Advi￿, who attend the Pantry fortnightly to
offer support wth debt management and benefit advice.
I welcome the opportunity to do the sessions and in the cyde of things and look fonNard to
attending more because rt contributes to my wellbeing."
"If not this time bank, I will sleep in bed so I really like it because of it I can get up and have
something to enjoy in the morning.
Significant activities
Current activities and membership
We are now into our sixteenth year as Paxton Green Time Bank and are currenlly able to offer in
6xcess of 400 different skills to the local communty through our rnembers. These range from
teaching how to make organic soap to window cleaning, with a lot in between
Mernbers come to the fime Bank through GP and other professional referrals, word of mouth and
community links to other organlsations. Our membership is diverse, and includes many people with
a variety of long-tsrm health conditions, both mental and physical. Our membership ranges from
people in their late teens to their eighties, although we do engage with younger people and
children as part of Yamily memberships,. We do not require members to divulge their age, sexuality
or ethnlcty unless they offer the infortnation, as Titne Banking airns to be fully inGSu?•ive witli 11)e
idea that an hour is an hour to anyone.
Public benefft
The Trusteas have paid due regard lo the guidance on public benefit produced by The Charity
Commission and are confklent that the work of the charity meets all the Crit￿la for public benefrt.
FINANCIAL REVIEW
Financlal posltlon
We are very grateful to the following funders frorn April 2023 to March 2024:
Southwark Common Purpose fund £22,920
Prince Elizabeth & Zaiger trust £ 4,000
Anonymous £30,000
United St Saviour £3.000
NISA £1,000
Reserves pollcy
The Trustees, aim is to carry reserves of £40,000. In order to achieve this, the Trustees monitor
income, ex
endlture and cash flow throu
h their bi-monthl
meetings. The TruSt￿S remain
committed to achieving and maintsining this level of reserv&s.
Page 2

Paxton Green Time Bank
Re
Istered number: 06707365
Re
ort of the Trustees
for the Year Ended 31 March 2024
FUTURE PLANS
We look forward to the future of Paxton Green Time Bank, and hope to continue our steady growth
through the 'hub' model where members come together geographically into smaller groups within
our catchment area. We also look foNrfard to new opportunities and to developing new projects
with the growing numbers of asylum seekers we have as members. including some around cultural
food
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its goveming document, a deed of trust, and constitutes a limited
company. limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06707365 (England and Wales)
Reglstered Charlty number
1132577
Reglstered office
Paxton Green Health Centre
1 Alleyn Park Road
London
SE218AU
Trustees
Mr J Boateng
Revd T J G Buckler (appointed 1.1.24)
Ms C L Courtenay (appointed 1.1.24)
Ms D J Masters
Dr l L Michell
Ms T M V Nash Chair
MsMMPeli
Ms S J Rutter (resigned 1.1.24}
Ms C A Warren (resigned 1.1.24)
Independent Examiner
Bames Noble Ltd
Unitec House
2 Albert Pla
London
N3 1QB
27 Jan 2025
Approved by order of the board of trustees on
behalf by:
and signed on its
Ms T M V Nash - Trustee
Page 3

Ind
endent Examinef s Re
Paxton Green Time Bank
ortto
e Trustees of
Independent examIne￿S report to the trustees of Paxton Green Tlme Bank ('the Company,)
I report to the charity trustees on my examination of the accounts of Ihe Company for the year
ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law)
you are responsible for the preparation of the accounts in accordan￿ with the requirements of the
Companies Act 2006 (Yhe 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under
Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my
examination of your charitys accounts as carried out under Section 145 of the Charilies Act 2011
{'the 2011 Act,). In carrying out my exatnination I have followed the Directions gNen by the Charity
Commission under Section 145{5) (b) of the 2011 Act.
Independent examinerfs statement
I have completed my examination. I confinn that no matters have come to my attention in
connectton with the examination giving me cause to believe:
accounting records were not kept in respwt of the Company as required by Seclion 386 of
the 2006 Act; or
the accounts do not accord with those records" or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act
other than any requirement that the accounts give a Irue and fair view which is not a matter
considered as part of an independent examination; or
the accounts have not b*n prepared in accordance with the methods and principles of the
statement of Recommended Practice for accounting and reporting by charities (applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)).
I h&4e no cOn￿M8 and have come across no other matters in connection with the exarnination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
omit Basu FCA
The Institute of Chartered Accountsnls in England and Wales
Bames Noble Ltd
Unitec House
2 Albert Place
London
N3 1QB
Date: ....
LI. 7prwJ. kn%(
Page 4

Paxton Green Time Bank
Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted Restricted
funds
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitsble activitles
Charitable activities
6,356
64,674
71,030
90,557
other income
373
373
Total
6,729
64,674
71,403
90,562
EXPENDITURE ON
Charitable activities
Charitable activities
5,447
123.395
128,842
114,731
NET INCOMEI(EXPENDITURE)
1,282
(58,721)
(57,439} (24,169)
RECONCILIATION OF FUNDS
Total funds brought forward
36,570
72,265
108,835
133,004
TOTAL FUNDS CARRIED FORWARD
37.852
13,544
51.396
108,835
The notes form part of these financial statements
Page 5

Paxton Green Time Bank
R istered number. 06707365
Bala
ce Sheet
31 March 2024
31.3.24
Totsl
fvnds
31.3.23
Totsl
funds
Unrestricted Restiicled
funds
fund
Notes
FIXED ASSETS
Tangible assets
CURRENT ASSETS
Cash at bank
40,062
13.544
53,606
112,153
CREDITORS
Amounts falling due within one year
(2,211)
(2.211)
(3,319)
NET CURRENT AssErs
37,851
13,544
51,395
108,834
TOTAL ASSETS LESS CURRENT
LIABILITIES
37,852
13,544
51,396
108,835
NET ASSETS
37,852
13,544
51,396
108,835
FUNDS
Unrestricted funds
Restiicted funds
37.852
13,544
36,570
72,265
TOTAL FUNDS
51.396
108,835
The charitable company is entitted to exemplion from audit under Section 477 of the Cornpanies
Act 2006 for the year ended 31 March 2024.
The mernbers have not required the company to obtain an audit of its financial statements for the
year ended 31 March 2024 in accordance wtih Section 476 of the Companies Act 2006.
The trustees aCknO￿edge their responsibilities for
(a) ensuring that the charitable company keeps accounting Tecords that Gomply with SecliDns
386 and 387 of the Companies Act 2006 and
(b) preparing flnancial statements which give a true and fair view of the state of affairs of Ihe
charitable company as at the end of each financial year and of ils surplus or defictt for each
financial year in accordan￿ with the requirements of SeGtions 394 and 395 and which
othewse compty with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the charitatle company.
The notes form part of these financial statements
Page 6
continued...

Paxton Green Time Bank
Re
islered number: 06707365
Balance Sheet - continued
31 March 2024
These financial statements have been prepared in accordance with the provisions applicable to
charitable companies subject to the srnall companies regime.
I statements were approved by the Board of T￿SteeS and authorised for issue on
. and were signed on its behalf by:
T M V Nash - Trustee
The notes form part of these financial statements
Page 7

Paxton Green Time Bank
Notes to the Financial Statements
for the Year Ended 31 March 2024
AccouKfiNG POLICIES
Basis of preparing the financial statements
The financial 8lalem8nts of the charitable company, which is a public benetlt entity under
FRS 102, have been prepared in accordance with the Charities SORP (FRS 102)
'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
charfties preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial
Reporting Standard 102 The Financial Repotts"ng Standard applicable in the UK and
Republic of Ireland, and the Companies Act 2006. The financial statements have been
prepared under the historical cost convention.
Income
All income is recognised in Ihe Statement of Financial Activities once the charity has
entitlernent to the funds, it is probable that the income will be receNed and the amount can
be measured reliably.
Expendlture
Liabilities are reGognised as expenditure as soon as there is a legal or constructive obligation
commlttlng the charity to that eynditure, it is probable that a transfer of economic benefits
will be required in settlement and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all cost related to the rAtegory. Where Costs cannot be directly attributed to
Particular headings they have been allocated to activities on a basis consistent wilh the use
of reSoUr￿s.
Tanglble flxed assets
Depreciation is provided at the following annual rates in order to vKite off each assei over rts
estlmated useful life.
Fixtures and fittings
Computer equipment
25QA on cost
250/0 on cost
Taxatlon
The Gharity is exempt from Corporation tax on ts charitable activities.
Fund accountlng
Unrestricted funds can be used in accordan￿ with the charitable objectThfes at the discretion
of the trustees.
Restricted funds can onty be used for particular restricted purposes within the objects of the
harity. Restrictions arise when specified by the donor or when funds are raised for
particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the
finanGial statements.
Penslon costs and other post-retlrement beneflts
The charitable oompany operates a defined contribution pension scheme. Contributions
payable to the charitable companvs pension scheme are charged to the Statement of
Financial Activilies in the period to which they relate.
Page 8
continued...

Paxton Green Time Bank
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024
nor for the year ended 31 March 2023.
Trustees. expenses
There were no tNstees' expenses paid for the year ended 31 March 2024 nor for the year
ended 31 March 2023.
STAFF COSTS
The average monthly nurnber of employees during the year vras as follows..
31.3.24
31.3.23
Employees
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTIVITIES
Unrestricted Restricted
funds
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charftable actlvltles
Charitable activities
4,770
85,787
90,557
Other income
Total
4,774
85,788
90,562
EXPENDITURE ON
Charitable activitles
Charitable activities
4,958
109,773
114,731
NET INCOMEI{EXPENDITURE)
(184)
{23,985)
(24,169)
RECONCILIATION OF FUNDS
Total funds brought forward
36,754
96,250
133,004
TOTAL FUNDS CARRIED
FORWARD
36.570
72,265
108,835
Page 9
continued...

Paxton Green Time Bank
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Cornputer
equipment
T()tals
COST
At 1 April 2023 and 31 March 2024
293
3,667
3,960
DEPRECIATION
At 1 April 2023 and 31 March 2024
293
3.666
3,959
NET BOOK VALUE
At 31 March 2024
At 31 March 2023
CREDITORS: AMou￿rS FALLING DUE wrrHIN ONE YEAR
31.3.24
31.3.23
Trade creditors
Social securty and other taxes
Pension
Accrued expenses
90
1,427
362
1,440
631
50
1,440
2,211
3,319
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.24
At 1.4.23
Unrestricted funds
Unrestricted
36.570
1.282
37,852
Restricted funds
Restricted
72,265
(58,721)
13,544
TOTAL FUNDS
108,835
(57,439)
51.396
Page 10
continued...

Paxton Green Time Bank
Notes to the Financial Staternents - continued
for the Year Ended 31 March 2024
MOVEMENT IN FUNDS - continued
Net movement in funds, induded in the above are as follows:
Incoming Resources Movement
resources expended
in funds
Unrestricted funds
Unrestricted
6,729
(5,44n
1,282
Restrlcted funds
Restricted
64,674
(123,395)
(58,721)
TOTAL FUNDS
71,403
(128,842)
(57,439)
Comparatives for movement in funds
Net
movernent
in funds
At
31.3.23
At 1.4.22
Unrestrictsd funds
Unrestricted
36,754
(184)
36.570
Restricted funds
Restricted
96.250
(23.985)
72,265
TOTAL FUNDS
133,004
(24,169)
108,835
ComparatNe net movement in fvnds, included in the alxive are a8 follows:
Incoming Resources Movement
resources
expended
in funds
Unreslricted funds
Unrestricted
4,774
(4,958)
(184)
Restricted funds
Restricted
85.788
(109,773)
(23,985)
TOTAL FUNDS
90,562
{114,731)
(24,169)
Page 11
continued..

Paxton Green Time Bank
Notes to the FinanGial Statements - continued
for the Year Ended 31 March 2024
MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position Is as follows:
Net
movement
in funds
At
31.3.24
At 1.4.22
Unrestricted funds
Unrestricted
36,754
1,098
37,852
Restricted funds
Restricted
96,250
(82.706}
13,544
TOTAL FUNDS
133,004
(81,608)
51,396
A current year 12 months and prior year 12 months cotnbined net movement in funds,
included in the above are as follows:
Incoming Resources Movement
resources
expended
in funds
Unrestrlcted funds
Unrestricled
11,503
(10,405)
1,098
Restricted tunds
Restricted
150.462
(233,168)
(82,706}
TOTAL FUNDS
161.965
(243,573)
(81,608)
RELATED PARTY DISCLOSURES
There were no relat￿1 party transactions for the year ended 31 March 2024.
Page 12