REGisfERED COMPANY NUMBER: 061073651England and Wales) REGISTERED CHARITY NUMBER.. 1132577 Re Dri of theTmstee5 and Un nclal 5tstements fortheyear Endad 31st Ma ch 2025 Green fime Bank Bames Noble Ltd Chartered Account3nt & R*tered Auditor Unltec House 2 Albert Place London N3 IQB
Paxton Green fmie Bank ontent lor th Year Ended Statements 25 Page Report of thetrustees I to 3 1ndepdentexaMlner's report Statement of flnanclal atthryties Balance sheet Nates totheflnanckl statements 7 to 11 Detslled statemartof flnanclal actlvliles
Paxton Green Tlmè Bank RÉ ort of theTrLtstees for the Year Ended 31st March The trustee5 who are also directors of the charity for the purpose5 of the Corb)p3nles Act 2(X)6, present thelr report wlth the flnandal Statements of the charity for the year ended 31 March 2025.The trustees have adopted the provlslons of Accountln8 and Reporting bv Ch3ritle5,' Slatement of Recommended Pré¢tS¢e appllcable to charltles preparlng thèlr accounts In aecordance with the Flnandal Reportlngstandard appCable in the UK ind Republlc of Irelhnd IF 1021 leffectlve ljanuary 20191. OBJECTIVESANDACTIVITIES Oblecllves andaln Time bBnklng 15 contlnually developing and excltlng way for peopfe to come together to help other and to get help for themselves through reclprocal volunteerln8 and the exchangè of skllls. Members 'deptssit' their time in the bank by sharing skllls or helping other and can spend thelr tlme credlts on the skllls and support of (>ther participants when the need a helping hand. Time Banks are bed on the prlnclple of Cooperaon and recognizlng the assets wlthln the local community. Everyonè's tlme Is valued and equally.. One hour- l time credlt People help each other out wlth everything from m3kinE phone calls to sharlng meals and 8fving lifts to the shops - anythln8 that brSngs them together. As such Mme Banking has an economic benefit as well as Improvi well-being and buikling social nelNorks. In a tlme bank. everyone become both a giver and a recelver. BackBround In February 2(1)8 Drs Kevln Brlnkhur5t anLI Gemma Anson, GPS based at Paxton Green Group Practlce IPGGPI submltted a proposal to Larnbeth Primary Care Trust IPCT) for a time bank In thls area and were dellghted when the P aBreed fundlng for the 2 years. Subsequentfunding ha5 been ralsed by submlttlnB blds to potentlal grant glver& The current staff tEam conslsts Df a Dlrector an(1 two part tlrr* staff Ir) the first year officer5 were sgt up In Klng5wood Houso, and Paxton Green Time Bank reglstered as a charlty wlth the Ch3rlty Cornmlsslon. Thère are currentty seven trustees who meet bkmonlhly. Achlevements In the pasi year Over the past year, our Paxton Pantry has supported 600 local residents. We are proud to provide fresh, nutritlous food in an envlronment that promotes dlgnlty, hope, and personal choice. Many Pantry shoppers have gone on to joln the time bank, where they share skllls 2nd supportone anothÈr. Our tlme bank m@mbers have welcomed visits from other tlme bank5, including intemational vi5itor5. Regular aCtmti Include yoga, wellbelng Sessi(5, art classes, and more. Ourins the winter month5, we 5UPPOrted over 140 tdmllies In accesslng cost-of-llvlng asslstsnce to help with enerey bills. We a150 continued working closely with a ronge of partners, Includlng I(al pollce tsams and advlce 5ervlces, who attend the Pantry regularly to provide support with debt mana8ement and benefits advlce, s4n1fit activitles Current artfvltles and membwshlp We are now into our seventeenth year as Paxton Green Time nk and are CUTrently able to offer more than 400 dkffererrt skills to the Iocol communlty through our momber& These range from teachlng how to make org8nlc soap to wlndow cleanln& wlth a lot In between. Members come to the Tlme Bank through GP and other professional reFerls, word of mouth and community Ilnks to other Drgan15atlon& Our membershlp 15 diverse and Includes many people wlth a variety of long-term health condition5, both mental and physlcal. Our membershlp ranges from peoplè In their late teens to their eiBhtles, altknugh do en8age with younger people and children as part of Yamlly membershlp5'. We do not require member5 to dSvulge their aÉe, sexuall¢y or ethnlclty unless they offer the infomiatlon, asTime Banklng alms ¢0 bÈ fully in¢luslve with the idea that an hour is an hour to anyone. PublJ¢ benefft The Trustees have paid due regard to the guldance on publlc beneflt pmduted by the Charlty Comml551on and are confldent that the woik of the tharlty meets all the crlterla for publlc benefft, Paee I
Paxton Green Time Bank Re orto for the Year Ended 315t FINANCIAL REVIEW Flnanclal pothlon We are very grateful to the folloTrnders from Aprll 2024 to March 2025: Southwark Common Purpose fund- £44,356 Warren CA- £10,000 Allonymous- £4,5C(I Benriett W LLP- £3,717 HMRC Charltles- £8,148 London Brldge Co Llmlted- £1740 O&S Gillle- £5,000 Tanya Nash- £3,tM)O The Hospltal- £3,0 ReseNes pollcy The Trustses, alm to carry reserves of £40.LIJO. To aehleve thls. the trustèes r)M)nitor Incom4 e>q)enditure and cash flow thrnugh thelr bl-monthly meetin85. The trustees remaln committed to achieving and malntsiningthls level of reserves. FUTURE PLANS Wg look fonNard to the future of Paxton Green Time Bank and hope to continue our steady gro¥vth through the 'hub' model where members come together geo8raphlcally Into smaller wlthln our catrhment area, We olso look foNard to new opporwnltles alld io developlng new projects wlth ihe growlng numbers of asylum seekerswe have as members including some around cultural food. 5TRUCIiJRE, GOVERNANCE AND MAW1GENT fjovemlnBdocument The charity is controlled by its governing docurnen¢ a deed of trust, and corbsVtutes 2 Ilmlted company, Ilmlted by guorantee, as defined by the COMnieS Act 2006. REFEREN¢S AND ADMINISTRATIVE DETAILS Reglstered Company number 05707365 IEngland and Wales) RéElstvad Chaty nnther 1132577 Re8lstered omce Paxton Green Health Centre l Alleyn Park Road London SE218AU Trustees J K Boateng Director Reyd TJ G Buckler Director A O L Dhe5i lappolnted 24110120251 Mrs S M Gillle lappointed 1315120251 Dr l L Mlchell Dlrectr>r Ms T M V Nash Dlrector Mlss M M Peli Director Ms C A Warren lappointed 1315120251 Ms D J Masters Ireslgned 3011Y20251 Ms C L COURTENAY Ireslgned 2015120251 Ms C A Warren resigned on 26 January 2026, before the approval date of the a¢count& Pa8e 2
Pa%ton Gr*1 Tlmè Bank Re ort of the Tru5tee5 for the Year End REFERENCE AND ADMINISTRATIVE DETAIiS Independent Examlner Barnes Noble Ltd Chartered Accountant& Reglstered Audltor Unitsc House 2 Albert Place London N3 IQB STATtMEMfoF TRUSTEES, RESPON51BILmES The trnstees (who are also the dlrectors of Paxton Green Tlme Bank IA Company Umlted by Guarantee as well as a reglstered charity 11325771 for the purposes of cornpany lawl ar@ responslble for preparlng the Report of the Trnstees and the financial statements in accordance wlth appIlble lawand Unlted fingdom Accountlng Standards Iunlted Kingdom Generally ACpted Accountln8 Practicel. Company law requSres thè trustees to prepare firnanclal ststement5 for each financial year whSch glve a true and falr vlew of the stste of affalrs of the charltable company and of the incorning resources and applicatlon of resourees, includlng the income and expenditure, o fthe charltable ¢ompany forthat period. In preparln8 those financial statements, the trustees are requlred to.. -select sultable 3ccountlng policies and then applythem conslsterrtly,. -observe ihe method5 and prtnciplesin the CharitySORP; - Makeludgements and estimates that are reasonable and pruden¢ Prepare the flnancial statements on the 8oln8 concern basts unless It Is Inapproprlate to wesume that the company will continue In business The trustees are responslble for keeplng proper accountln8 records which dlstlose wlth reasonable accuracy at any tlme the flnanclal POSltlon of the charltsble company and to enable thèm to ensurè that the flnanclal. stst?ments comply wlth the Companlès Att 2006. They are a150 re5ponslble for safeguardlng the assets of thè charttable company and hencè for tsklng reasonable steps for the preventlon and detec of knud and other Irregularltles. 29101r2026 Approved by orderof the boBrd of trustees on.............,............ - and signÈd on its behalF ty. Mr5 S M Gillie- Trustee Page 3
Ind endentExamlnefs Re orttothé Trustees f Pamtott Green Tlme Bank Indwondenlexamlnerfs repart to thetrustees of Paxton Green Tlme Bank I'the cpanY'1 I reportto the charity tsiJstees on my exaMItion of the account5 of the Company for the ye3rended 31st March 2025. RespSIbIlItIeS and basls of report As the chartys trustees of the Company land also lis dlrecrors for the purposes of company lawl yuu are responslble for the prepardtlon of the accounts In accordance wlth the requiremnts of the Companles Act 20061'the 2¢X)6 Act'l, Havlng sattsfied myself that the accounts of the Company are not requlred to be audlted utbjer Part 16 of the 2006 Art and bre eli8lble for independent eKamlnatlon, I report In respect of my examlnatlon of your charlty's accounts as carrled out under Sectlon 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examinalh)n I have followed the Directlons given by the tharity Commlsslon under Sertion 145151 Ibl of the 2011 Act. Indwdentexamlnerfs statement I have completed my ex8mination. I conflrm that no mattsrs have come to my attention in connection with the examlnadon glvlng me (ause to belleve,, acCounng recor(Is were not kept In respect of the Company asrequired by Sectlon 386 of ihe 2006A¢ or the account5 do notaecord wlth those records: or the accounts do not comply with the accounting requlrements of SectSon 396 of the 21XJ6 Art other than 2ny requlrement that the &counts alve a true and fairviewwhlch is nola matterconsiéered as part of an IrKlependent examinailon; or the accounts have not been prepared in a(an wlth the methrNls and priniiples of the Statsment of Recommended Practice for accountirbg and reportlng by charities (applicable to charitles preparing their accounts In accordance wlth the nanclal Reporting Stsndard appllc3ble In the UK and Republlc of Ireland IFRS 10211. I have no concerns 3nd have come acmss no other matters In connectlon wlth the examlnatlon to whlch attention Should be drawn in Ihls report In orderto enable a proper UrerStandIfig of the accounts to be reached. t Basu FCA he Instltrte Df Chartered Accountsnts In England and Wales Barnes Noble Ltd Chartered Accountant & Regfstered Audltor Unitec House 2 Albert Place London N3 iaB Date,, Page4
Green T1me Ba ed 31st March 2025 2025 Totsl funds 2024 Total funds Unrestrlcted fund Restrlcted lund INCOMEAND ENDOWMENTS FROM Charitable actfvltles Charitsble activities 35296 59A09 7L030 other Income 450 450 373 Total 35,746 59A09 95,L55 7L403 EXPENDITURE ON Charilable actlvities Chatltable activities 9,541 115,629 125.170 128,842 Other Totsl 9,542 115,629 125,171 128,842 NET INCOMEI{EXPENDITURE) Transfeys bètween funds 26,204 1416761 156,2201 42,676 30,0161 157N391 NÈt movgment in funds 116,4721 113,5441 130,0161 157,4391 RECONCILIATION OF FUNDS Total fund5 brouBht forward 37,852 51,396 108,835 TOTAL FUND5 CARRIED FORWARD 2L3 21,380 51,396 The notes form part of these flnanclal statements Page 5
reen Tlme Bank Balancesheet Jlst 20Z5 2024 Totsl funds Unrettrl¢ted fund Restrlcted nd funds FIXED ASSETS Tanglble 8ssets CURRENT ASSETS Cash at bank 24,308 53,606 CREDITORS Amounts fallin8 due withln one yéar 12,9281 12,9281 12,2111 MET CURRENT ASSErs 21,380 21,380 5l395 TOTAL ASSETS LESS CURRENTLIABIUTIES 21,380 21,380 51,395 NET ASSETS 21,380 21,380 51,396 FUNIYS Unrestricted fund5 Restrlrted fvnds 21.380 37,852 TOTAL FUNDS 21,380 51,3% The charltable company Is entitled to exemptlon from audlt under Section 477 of the Companies Act for tho year ended 31st March 2025. The rrtember5 have not requlred thÈ company to obtaln ZM audlt of Its financtal ststements for the year ended 31st March 20 In accordance wilh Section 476 ofthe Companles Att 2006. The trustees acknowledge their reswjnsibilleS for lal en5urfng that the charitable company keeps accountin6 records that comply wlth Sectlons 386 and 387 of the ComnIeS Art 2006 and preparlng financlal statsments which glve a true and fair view of the State of affalrs of the charttable company as at the end of each ftnanclal year and of its surplus or deflclt for each fin3nclal year In accordance wtth the requirements of Sectlon5 394 and 395 and which otherwlse comply wlth the requirements of the Companles Att 21XJ6 relatlll8 to financlal statsments, so frdr as applkable to the charltable company. Ib These financial statements have been prepared In accordance with the proTAslolls appIlble to charitable ccmp?nles subject to the small companles lme. The flnal?1 5tstements were approved by the Board of Trustees and authori5ed for Issue on slgned cffl Its behalf by: 2910112026 ?nd were S M Glllle-Trustee The note5 form pirtofthese financial ststement5 Page 6
t 5 to the Flnanclal Sta forthey rEn ment ACCOUNTING POUCIE5 Basi8 of preparlng thellnanclal statrments The financlal ststements of the chayltsble companyi which is a publ1¢ beneflt entlty under FRS 102. have been prepared in accordance wlth the Charlties SORP IFRS 1021 'Accountlng and Reporlln8 by Charitie5: Ststement of Recornmended Practi appllcable to charltles preparlng their account5 In accordance wlth the Flnancial Reportin8 Standard applicable In the UK and Republk of Ireland IFRS 1021 leffeCVe I January 2019),, Hnancial Reportin8 Standard 102 The Financlal ReportlnB Standard applicable In the UK ènd Republlc of Ireland, and the Companies Act 2006. The fin8ndal statements have been prepared under the hlstorical cost Convénon. Income All Income is recognised in the Statement of Financial Activitles once the charlty has entltlement to the funds. it Is probable that the income 11 be reNed and the amount on be Meured reliablv. Expendltstre Liabllities are reco8ni5ed as expendlture as soon 3$ there ts a legal or construcUve obllgatlon commlttlmg the charlty to that e)enditure, it is probable that a transfer of economlc beneflts wlll be requlred In settlement and the hmount of thè obllEation can be measured reliabty. Expenditure b accounted for on an accruals basls and has been classmed under headlngs that ag8regate all cost related lo the category, Where costs cannot bè direttly attributed to parlculBr headin&s they hav been allocated to acllvltles on a basls conslstentwlth the use of resuurce5. TabIefixedasSets Depreciation Is prttvlded at the followlngannual rates In orderto wrlte off each asset over its estirnated useful Ilfe. Taxatlon The chsrlty Is exomptfrom corporation tax on it5 charitable activitle5. Fund accounting Unrestricted ndS can be used in accordancewith the charitable objectwes at the discretion of the trustees. Restricted funds can only be used fr)r particular restiicted purp05e5 wlthln the objects of the chatlty, Restrjctlons arfse when specified bythe donoiorwhen funds are rdised for partlcular restricted purposes. Further explanatlon of the nature an(1 purpose of each fund Is Included the notes to the flnanclal statements, Penslon costs and other post-retlyement ber The charitsble eompafiy operdtes a deflned contrSbutSon peOn scheme. ContrIbuon$ payable to the charltable company'5 pension scheme are charged tothe Ststement of Financlal Activltles In the period to which they relate. INCOMEIIEXPENDITUREI Net incomellexponditurel Isststed afterCharg11¢red1tln8)'. 2025 2024 Depreciation- owned 25sets Page 7 contlnued...
nGr Tlme Bank stothe RnanclalStstemats- rch 2025 TRUSTEES, REMUNERATION AND BENEFITS There were no trustso5' remuneration or other beneflts for the ye2r ended 31st March 2025 nor for the year ended 315t March 2024. Tru#ees' expense5 There were no trustees, expenw pald for theyear ended 31st March 2025 nor for thè year ended 3tst Mah 2024. COMPARATIVES FORIHE sfATEMENT OF FINANaALACTIVITIES Unrestrf¢tod fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Charltsble activities Charitrble activities 6,356 64,674 7L030 Other Income 373 373 Totsl 6.729 64,674 71,403 EXPENDITURE ON awrftablÈ actlvllles Charitsble athilies 5,447 123,395 128,842 NET INCOMVIEXPENDillJREI 1.282 158,7211 57,4391 RECONCILIATION OF FUNDS Total funds br(MJght forward 36,570 72,265 108,835 TOTAI FUNDS CARRIED FORWARD 37,852 13,544 51,396 TANGIBLE FIXED ASSETS r4xiurÉs Computer equipment flttln85 Totals Cost At tst @)ri120Z4 and 31st March 2025 293 3,667 3,9j Depyeclallon At tst April 2024 Chorge for year 293 3,666 3,959 At 31st March 2025 293 3,667 3,960 Net book Value At 31st March 2025 At 31st March 2024 PaBe 8 contlnued...
esto heFI nd ed rch 2025 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 Trade credltors Soclal security and othertaxes Penslon AccNals and deferred Income 540 567 381 1,440 90 631 50 2,928 2,211 MOVEMENTIN FUNDS Net movement In funds Trafer$ At 3113125 At V4124 nds UnStrIcted fvnds General fund 37,852 26,204 1416761 ' 21,380 Restrlcted funds Restrlcted fund 13,544 156,2201 42,676 TOTAL FUNDS 51,396 130,0161 21,380 Net movement in funds, included in the above are as follow5.. Incomlns Ye50urces Resources expended M¢)vemont In lunds Unrestri¢tedfund5 General fund 35.746 19.5421 26,204 Re5trlcted funds Restrlcted fund 59,409 1115,6291 156.2201 TOTAL FUND5 95,155 1125,1711 130,0161 Comparatlves for movement in fund5 Net movement At 3113124 At 114123 Unrestrlrted lunds Gèneral fund 36,570 1,282 37,852 Restrlcted funds Restrlcted fund 72,265 158,7211 13.544 TOTAL FUNDS 108,835 157,4391 51,396 Page 9 contlnued...
Green Tlme Bank Notes to the Fknanclal Is March 2025 MOVEMENTIN FUNDS. contlnued Comparatlve net mDvement in funds, Includ In the above are as follows., Incomlng rèsources Movement In funil$ expended Unrestrlctedfunds General fund 6,729 15,4471 1,282 Restrlcted funds RestrlctL%l 64,674 1123,3951 158,7211 TOTAL PIJNDS 71A03 1128,8421 157,4391 A current year 12 months and prior year 12 month5 combine(I posltion is as follows., Net movement In fvnd$ Transfers between funds At V4123 3V3125 Unreslylcted funds General fvnd 36570 27N86 1416761 21,380 R¢stilcted fund5 Restrfcted fvnd n,265 1114,9411 42,676 TOTAL FUNDS 108.835 187A551 2L380 A current year 12 months and prlor year 12 mollths tomblned net movement In fund& Included in the above are as follows: lrtcomlt)g reS0r(S Resources expended Movement In funds Unyestitrted fvnds General fuvd 41475 114,9891 27,486 Restrlcted funds Restrlcted fvnd 124,083 239,0241 IIN.9411 TOTAL FUNDS 166,558 254,0131 187,4551 Page 10 c0ntknd...
Paxton Green Tlme Ba Notes to thè Flfftandal Statements- contlnued forthe Year Ended 3tst March 2025 RELATED PARTY DISCLOSURES There were no related party transactlons forthe year ended 31st March 2025. Page 11
Paxton Gre Tlme Bank Detalled Ststement rEnded 31st Marc Ivltles 2025 INCOME AND ENDOWMENTS a)aritsble actNItIp5 Grants Pantry Inc(Ane 89,602 5,103 63,276 7,754 94,705 71,030 Other Income Interest Income 450 373 Total Incomlng re50Urtes 95,155 71,403 EXPENDITURE Charttable acthiltles W3ges Sodal securlty Pension5 Insurance Llght and heat Telephone Sundries Events runnlllg cost General offlce expenses Computer & IT Trdvel & meetlngs Legal and professlonal Pantry costs No (lescrlptlon 77,400 L915 2,423 1,297 3,516 2,995 1,375 9,204 78,238 2,051 1,786 3,088 3534 437 9,750 2,668 397 900 6,129 955 15,012 21,280 1,271 123,121 126,819 Other Computer equipment Support ctJ$ts Flnance Bank charge5 159 223 Governance costs Accountsncy and legal fees Iwo Total resthjrces expended 125,171 128,842 Net expendlture 130,0161 157rt39 Thls page does not forni part ofthe statutory flnanclal ststements Pdge 12