meNorfolk The Pregnancy Loss Charity Unaudited financial statements and trustees, report for the year ending 31 March 2021 TIME NORFOLK IA company limited by guarantee) CONTENTS Page Reference and administrative details of the Company. its Trustees and advisers Trustees. report 2-17 Independent examiner's report 18 ststement of financial activities Balance sheet 20-21 Notes to the flnanclal statements 22-34 TIME NORFOLK IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Trustees Mrs J Ford lappointed 14 June 2021) Mrs S Ginn Dr E Hopman {resiqned 18 November 20201 Mr M Spaul Mrs J Stephens Mrs S Walls Ms F Wilson {appointed 14 September 20201 Company registered number 07656339 Charity registered number 1157905 Registered office 70 Catton Grove Road Norwich Norfolk NR3 3NT Accountants Larking Gowen LLP Chartered Accountants King Street House 15 Upper King Street Norwich NR3 1RB Page 1 i.Trustees' Report The trustees, who are directors for the purposes of company law. present their annual report together with the financial statements of the Company for the year 1st April 2020 to 31 March 2021. The AnnuaL report serves the purposes of both a Trustees, report and a directors, report under company Law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company s governing document and the provisions of the Statement of Recommended practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standards appLicable in the UK and Republic of Ireland IFR5102). Our Vision For no-one in NorfoLk or SuffoLk to face a pregnancy crisis aLone and for people who have suffered a pregnancy Loss to receive support. Our Mission To provide a goLd standard of support for anyone facing a pregnancy crisis or pregnancy Loss. TimeNorfolk l Annual Report 2020 - 2021 Page 2 2. Objectives and activities To preserve and protect women's health and the heaLth of their partners and families and to advance the education of the pubLic by.. Offering impartial and confidential counselling and holistic support for the weLlbeing of anyone in distress as a result of, and to promote understanding of. the issues surrounding Pregnancy Loss (Miscarriage, Stillbirth & Termination) Pregnancy Choices Pregnancy Support Infertility Pre and Post NataL Depression Birth Trauma Neonatal Death lup to 12 months) Supporting pregnant women and their partners to make an informed choice regarding their options. termination, adoption, or parenting, with referral to appropriate agencies, and by such other means as the trustees may in their absolute discretion determine may further the above objects, TimeNorfolk | Annual Report 2020 - 2021 Page 3 3. Strategies and services The charity provides the following key services,, al Pregnancy Loss - supporting those with pregnancy Losses due to a termination, miscarriage or stillbirth. We meet regularly with clients and use a range of counselling tooLs which help clients to express any anger, ambivalent feelings, grief, guilt or shame. Pregnancy loss can lead to depression. anger. emotional numbness, eating disorders, relationship difficulties, remorse, anxiety and isolation, Our practitioners receive training to help enable women to accept their Loss, forgive themseLves and start to let go of their pain and remorse. bl Pregnancy Choices - we support peopLe with unplanned pregnancies who are deciding whether to have a termination or to continue with the pregnancy in a difficult situation. Clients come from many different chaLlenging circumstances.. e,g. they are young and stilL at school,. have just started university or gone back to a career after having a family, in more extreme cases they have been raped or abused or have been involved in prostitution. We offer an opportunity to meet with someone outside their situation where they can consider their options in a caLm environment. We use a range of counselling tools to explore their circumstances, emotions and vaLues so they can make a fully informed decision. cl Pregnancy Support - we offer support to women who decide to continue with their pregnancy and provide baby equipment when needed. Some women also need extra emotional support before and after the birth of the baby. dl Infertility and Pre / Post Natal Depression - we support women who are trying to come to terms with infertility and that they may not be able to have'their much- wanted baby,, We also support women who are suffering from pre- or post-natal depression by using a range of talking therapies and grounding techniques and counselling tooLs. el Birth Trauma - supporting people who have experienced a traumatic birth, which can often leave them with heightened anxiety, depression and symptoms of re-living their experience, TimeNorfolk l Annual Report 2020 - 2021 Page 4 f) Neo NataL Deaths lup to 12 months) - supporting those who have Lost a baby within the first 12 months of life, We meet regularly with clients and use a range of counselLing tooLs. gl Promoting issues surrounding unplanned pregnancy, baby loss and termination - we provide external training and presentations to health professionals, organisations and groups about pregnancy choices and the issues surrounding unplanned pregnancies and termination, For example, at present, post abortion stress often goes undiagnosed. TimeNorfolk offers training to health professionaLs to help them recognise the signs of this condition. TimeNorfolk offer a day s training on baby loss to health professionals and funeral directors which is attended by approximately 70 health professionals from across the County annuaLIy h) Volunteer support and training of the 30 Staff and volunteers at TimeNorfoLk. 25 are volunteers. This is an amazing commitment and in terms of volunteer hours is worth over £50,000 per year. The majority of volunteers are practitioners and counsellors, whilst others work or help in management, administration, finances or fundraising Not incLuded in the numbers above are the volunteers who make up the Board of Trustees. All the volunteer practitioners receive training before seeing clients. On-going training is given as necessary. and all practitioners receive regular. professionaL supervision to ensure a high-quality service. We want others to know you can survive fuLL term stiLLbirth, but not onLy survive- you can Live with joyful and thankfuL hearts. ?? TimeNorfolk l Annual Report 2020 - 2021 Page 5 4. SpotLight on our work Counselling service developments and performance Due to the Covid-19 pandemic and Lockdowns, all of our client services took pLace onLine in order to protect our community April and May saw a reduction of services to cLients whilst new systems were setup and training was undertaken by the whole TimeNorfolk team. During this period our clients received regular support telephone calls before resuming support sessions via Zoom or telephone. Norwich has continued to expand during the financial year 2020/2021 With on average 120 sessions being delivered per month. We provide much needed therapeutic emotional support to people who have suffered a pregnancy Loss. This has been carried out either by Zoom sessions or by telephone. Great Yarmouth TimeNorfolk's part-time counsellor has provided support for the growing number of clients in Gt. Yarmouth. This has been carried out either by Zoom sessions or by telephone support. FoLlowing our in-house training, 4 trainee practitioners came forward to support our Gt. Yarmouth cLients. During the financial year 2020/21, on average 44 sessions were delivered per month. TimeNorfolk l Annual Report 2020 - 2021 Page 6 Kings Lynn Due to an increase in demand for our services in this area we were fortunate to recruit another trainee practitioner so that TimeNorfolk now have 2 practitioners here. Support has been carried out either by Zoom sessions or by telephone support. During the financial year 2020/21. on average 20 sessions were delivered per month. Bereavement Suite The Director worked with staff at the Queen Elizak)eth hospital in King's Lynn to discuss and promote their vision of a new bereavement suite for the hospital. This is now underway, meaning all hospitals in Norfolk will have a separate bereavement suite for parents. This is a huge achievement for the County. We are incredibly thankful for the charity Time Norfolk. They helped us so much on our journey of baby Loss and we WILL be forever thankful. ?? TimeNorfolk l Annual Report 2020 - 2021 Page 7 5, Review of achievements in 2020/2021 Over the course of the year, TimeNorfolk was contacted by 177 clients, this is lower than previous years due to closing the referral process due to Covid-19 This was done in order to establish new systems and procedures as well as staff training thus enabLing our services to move onLine The move onLine has enabled greater flexibility for seeing clients. removing the constraints of travel. room space and greater flexibility of time available. We resourced and trained 8 new practitioners online, all of whom went on to actively see clients, Many of these volunteers were placement students requiring counselling hours and experience. TimeNorfolk has a rigorous recruiting process and aLI these trainees showed a wonderful heart for the work we do, Group supervision for aLI practitioners is given by an outside source which takes place on a monthly basis. Line management is offered by our Head of Counselling on a one-to-one basis online. l am so glad I came and used this wonderful service. StruggLing for 8 years has been so hard but I feeL Like a different person now. ?? TimeNorfolk l Annual Report 2020 - 2021 Page 8 6, Financial review The poLicy the charity is working towards is maintaining unrestricted funds, which are free reserves of the charity. at a Level which equates to approximately six-months unrestricted expenditure. This would provide sufficient funds to cover all costs of the charity which May arise. At 31st March 2021 total unrestricted reserves were £58.20112020.' £65,311), of these £nil12020'. £nill has been designated for specific purposes by the Trustees. Restricted funds at the 31 March 2021 totslled £nil12020'. £9,387), Mid Year Update So far in 2021/22 financiaL year TimeNorfolk has benefited from a number of grants, as of the 31st October 2021 the charity has been awarded £22,000 by Norfolk Community Foundation (restricted funding) and £74,181 from Norfolk Consolidated Charities (restricted funding). In addition to this TimeNorfolk has been awarded a number of smaller grants and donations adding £6,850 to restricted funds in addition to the regular giving and fundraising that contributes to unrestricted funds. This sees a substantiaL increase in funding compared to the previous financiaL year. My time with Time NorfoLk was very special. I was able to talk through my pain where I have kept it from even my closest famiLy and friends. I feeL Like I've started on a positive journey. ?? TimeNorfolk l Annual Report 2020 - 2021 Page 9 7. Education Due to the pandemic, unfortunately TimeNorfolk was unable to continue with its face-to-face training and working with the midwifery team and students at the UEA. The training was rescheduled for 2021. The Director has represented TimeNorfoLk at the Norfolk and Norwich University Hospitals Maternity Services Liaison Committee throughout via Zoom which enables us to raise awareness of TimeNorfolk should a baby loss be suffered. Also, we can use this opportunity to raise concerns about loneLiness and isolation amongst pregnant women and postnatal mums during the Covid lockdown. The Director also represents TimeNorfoLk on Norfolk's Mental Health Providers, Forum and these meetings were also carried out via Zoom. The Director has attended online meetings and worked in partnership with the NHS as they launch a new service to support pregnant women with complex mentaL health issues caLled Lotus. Working in partnership with Lotus enables us to support women and men within our specialism of baby Loss, with the option to refer clients with complex needs back to the NHS. "l am happy, positive and excited to see what the future holds for me. I believe that as a direct resuLt of the support I received from TimeNorfolk, l am a better mother to my son, a stronger person, and deserve a happier Life than l ever thought possibLe, and I cannot thank them enough. ?? TimeNorfolk l Ar)nual Report 2020 - 2021 Page io 8. Future pLans Re-open and expand our hubs in Norwich, Great Yarmouth and Kings Lynn, incorporating both virtual and face-to-face support. DeveLop our social media, website and media presence to aid engagement with our core demographic. Employ a dedicated fundraiser and develop our communications work to build a stronger case for our donors and funders Write a 5-year strategic plan to set the future direction of TimeNorfoLk. This WILL incorporate the effects of Covid-19 to the organisation and the immediate way forward. Continue to strengthen the governance of the board of trustees. The outcomes TimeNorfoLk aims to see is to heLp our cLients to become more resiLient and face the future with hope. TimeNorfolk l Ar)nual Report 2020 - 2021 Page li 9. PubLic benefit Statistics The following charts have been put together from statistical information from the charities Client Management System to provide an insight into how our contact numbers have grown over the past 6 years and details surrounding these for the 2020/2021 financial year. The Trustees have compLied with their duty to have due regard to the guidance on public benefit by the Charity Commission in exercising their powers or duties How our clients heard about TimeNorfoLk Welbdne WeWtE 5th(K￿lcOl￿fjeI Re￿￿￿or Frknd othÈr GooOelSe¥chEngkne io io Jo 35 40 RÈfÈrtsl Method Web51te Reterr41 Referrals have come from a wide variety of sources. but increasingLy from medical professionals for example, GPS, nurses, Wellbeing Clinics and midwives. TimeNorfolk l Ar)nual Report 2020 - 2021 Pago 12 Location of clients 95 20 20 16 17 Great Yarmouth Kings Lynn Norwich Norfolk Suffolk Unknown Client contact over the past six years 285 235 210 177 147 125 2015 2016 2017 2018 2019 2020 It is important to note that the reduced number of client contacts during 2020 was due to closing our referrals list in the first lockdown. This was to ensure the clients currently on our list and receiving support were properly supported. This incLuded a period of staff training in order to move from face-to-face support to online. TimeNorfolk l Ar)nual Report 2020 - 2021 Page 13 Age range of clients 50 And Over ￿ 3 45To49 ￿ 5 30To34 43 14To18 ￿ 4 Category of Loss (type of support our cLients are seeking> Support After A Termination ￿ 27 Stillbirth 18 Pregn3ncySupp(>rt ￿ 6 Pregnancy Choices Advi￿ ￿ 6 Other 9 Neonatal Death UpTo 12 Mths m 2 Molar Pregnanry I I Miscarriage Infertility ￿ 3 EctopScPregnancv ￿ 11 Compassionate Induction ￿ 13 Birth Trauma ￿ 9 71 TimeNorfolk l Ar)nual Report 2020 - 2021 Page Client assessment scores Pregnancy Stress Indicator5 9.57 29.58 Impact of Events 19.89 47.42 HADS Depre55ion 1.44 7.77 HADSAnxiety 3.97 12 Average Endingscore Average Initial Score The clients are assessed at their initial appointment and then again at the end to gauge the impact of the support given by TimeNorfolk. Use of volunteers TimeNorfolk's work is mainLy carried out by our 25 committed and taLented volunteers who are responsible for delivering the aims of the charity alongside the five staff members. The charity would not be able to continue as it does without the heLp of its voLunteers. The charity is grateful for the work of its volunteers and all the time they put in to help and it is hoped this will continue in the future. Going concern After making appropriate enquiries. the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, For this reason. they continue to adopt the going concern basis in preparing the financial statements, Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. TimeNorfolk l Ar)nual Report 2020 - 2021 Page 15 10. Structure, governance and management Nature of governing document The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association. The company is constituted under a Memorandum of Association and is a registered charity number 1157905. The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales, Recruitment and appointment of trustees The management of the company is the responsibiLity of the Trustees who are elected and co-opted under the terms of the Articles of Association, Relationships with reLated parties Pregnancy Choices Norfolk The Trustees consider Pregnancy Choices Norfolk to be a reLated party, by virtue of 2 of the Trustees of Time Norfolk also being Trustees of Pregnancy Choices Norfolk. Pregnancy Choices NorfoLk continues to be in the process of winding-down, and to donate aLL income it receives to Time Norfolk. TimeNorfolk l Ar)nual Report 2020 - 2021 Page 16 11. ConcLuding statements The trustees (who are also the directors of Time NorfoLk for the purposes of company lawl are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and appLicable Law and regulations. Company law requires the trustees to prepare financiaL statements for each financial year, Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements. the trustees are required to.. select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities, SORP.. makejudgements and estimates that are reasonabLe and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,, and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company WILI continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financiaL position of the Company and enable them to ensure that the financial statements compLy with the Companies, Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irreguLarities. Prepared and approved by order of the members of the Board of Trustees and signed on their behalf by Mrs Selina Watts, Chair of Trustees. 22nd November 2021 TimeNorfolk l Annual Report 2020 - 2021 Page 17 TIME NORFOLK IA company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021 Independent examlnerfs report to the Trustees of Tlme Norfolk {'the Company'l I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2021. Responslbllltles and basls of report As the Trustees of the Company {and ils directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordan￿ with the reqLJirements of the Companies Act 20061.lhe 2006 Acfl. 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 the Companls accounts carried out under section 145 of the Charities Act 20111'lhe 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151{bl of the 2011 Act. Indfrpgndgnt examiner's statgmgnt I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by sertion 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 'lrue and fairt view which is not a maller considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other mallers in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely lo the Companys Trustees, as a body, in accordance with Part 4 of the Charities IAc¢ounts and Reports) Regulations 2008. My work has been undertaken so that I might stsle lo the Companys Trustees those matters l am required lo stale to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not a¢￿pt or assume responsibility lo anyone other than the Company and the Company's Trustees as a body, for my work or for this report. Signed= Joanne Fox BA FCA Dated.. 14.12.2021 Larking Gowen LLP Chartered Accountants King Street House 15 Upper King Street Norwich NR31RB Page 18 TIME NORFOLK IA company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted funds 2021 Restricted funds 2021 Total funds 2021 Total funds 2020 Note Incomg from: Donations and legacies Charitable activities Other trading activities Investments 57.447 4.708 150 21.755 79.202 4.708 150 41,497 f,876 1,000 729 337 337 Total Income 62.642 21.755 84.397 45,102 Expenditure on- Raising funds Charitable activities 10,407 59.345 10,407 90.487 10,703 88,206 31.142 Total expenditure 69.752 31.142 100.894 98,909 Net movement in funds 17.110) 19.387) 116.497) (53,807) Reconciliation of funds.. Total funds brought forward Nel movement in funds 65.311 17.110) 9.387 19.387) 74.698 116.497) 128,5Q5 (53,807) Total funds carried fonNard 58.201 58.201 74,698 The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 22 to 34 fom) part of these financial statements. Page 19 TIME NORFOLK IA company limited by guarantee) BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Note Fixed assets Tangible assets 13 295 958 295 958 Current assets Debtors Cash at bank and in hand 14 388 75,978 60,926 60,926 [6,366 Creditors.. amounts falling due within one year 15 13,0201 (2,626) Net current assets 57.906 73, 740 Total net assets 58,201 74,698 Page 20 **TIME NORFOLK** **(A company limited by guarantee)** ## **BALANCE SHEET (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021** |**Note**
**Charity funds**
Restricted funds
16
Unrestricted funds
General funds
16
Total unrestricted funds
16
**Total funds**|**58,201**|**2021**
**£**
**-**
**58,201**
**58,201**|_65,311_|_2020_
_£_
_9,387_
_65,311_| |---|---|---|---|---| |||||| |||||_74,698_| The Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: ................................................ ## **Mrs Selina Watts** ## Date: 22nd November 2021 The notes on pages 22 to 34 form part of these financial statements. Company registered number: 07656339 Page 21 TIME NORFOLK IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 General Informatlon The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share c8pilal. Each of the Iruslees is liable lo contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. The Registered Office address is 70 Callon Grove Road, Norwich NR3 3NT. Aceountlng pollcles 2.1 Basis of preparation of financial statements The financial stslements have been prepared in accordan￿ with the Charities SORP IFRS 1021 Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 2019}, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Time Norfolk meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounting policy. 2.2 Going concern The Charity has been hit hard this year due to the Covid-19 pandemic leading to all fundraising activities being cancelled and securing trust funding being a major concern, mainly due lo the numbers of organisations applying and the limited amount of funds available. The Charity has been fortunate enough lo have been awarded funding by the Norfolk Community Foundation, alongside other grant providers, and donations have continued at a higher level than in the previous year. 11 is hoped that this support will wnlinue for the forthcoming year. With this in mind and after making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources lo continue in operational existence for al least 12 months from the dale of approval of the accounts. For this reason, the Trustees continue to adopt the going concern basis in preparing the financial slalemenls. 2.3 Income All income is recognised once the Company has enlitlemenl lo the inwme, il is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Stslemenl of financial activities on a receivable basis. The balan￿ of income received for specific purposes bul not expended during the period is shown in the relevant funds on the Balan￿ sheet. Where income is received in advan￿ of entitlement of receipt, ils recognition is deferred and included in creditors as deferred income. Vvhere enliuement occurs before inwme is re￿ived, the income is accrued. Income lax recoverable in relation lo investment income is recognised at the lime the investment income is re￿1Vable. Page 22 TIME NORFOLK IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Aceountlng pollcles (contlnuedl 2.4 Expendlture Expenditure is recognised once there is a legal or constructive obligation lo transfer economic benefit to a third party, 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 classified by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that aclivily. Shared costs which contribute lo more than one activity and support costs which are not allributable lo a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the Company lo raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Companls objectives. as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Company,. this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 2.6 Tangible fixed assets and depreciation Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impaim)ent losses. All costs incurred lo bring a tangible fixed asset into ils intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Dep￿ciatIon is provided on the following basis.. Fixtures and fittings Office equipment 330/0 slraighl line 330/0 slraighl line 2.7 Debtors Trade and other debtors are recognised at the selllemenl amount after any trade discount offered. P￿paYments are valued at the amount prepaid nel of any trade discounts due. Page 23 TIME NORFOLK IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Aceountlng pollcles (contlnuedl 2.8 Cash at bank and In hand Cash al bank and in hand includes cash and short-lerm highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 2.9 Llabllltles and provlslons Liabilities are recognised when there is an obligation al the Balance sheet dale as a result of a past event, il is probable that a transfer of economic benefit will be required in settlement. and the amount of the settlement can be estimated reliably. Liabilities are ￿cogniSed at the amount that the Company anticipates il will pay to settle the debt or the amount it has received as advanced payments for the goods or services il must provide. Provisions are measured al the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific lo the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.10 Financial instmments The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al transaction value and subsequently measured al their settlement value. 2.11 Fund accounting General funds a￿ unrestricted funds which are available for use al the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes. Reslricled funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of ffiising and administering such funds are charged against the specific fund. The aim and use of each reslricled fund is set out in the notes to the financial statements. Page 24 TIME NORFOLK IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Income from donatlons and legacles Unrestricted Restricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Donations Grants 55,697 1,750 55,697 23,505 38,997 2,5(10 21,755 57,447 21,755 79,202 47,497 Total 2020 26,997 74,500 47,497 Income from charitable activities Unrestricted funds 2021 Total funds 2021 Total funds 2020 Pregnancy Choices 4,708 4,708 1,876 Total 2020 f,876 1,876 Income from other trading activities Income from fundraising events Unrestricted funds 2021 Total funds 2021 Total funds 2020 Training course fees 150 150 1,000 Total 2020 1,000 1,000 Page 25 TIME NORFOLK IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Investment Income Unrestricted funds 2021 Total funds 2021 Total funds 2020 Interest receivable on bank deposits 337 337 729 Tot812020 729 729 Expenditure on raising funds Costs of raising voluntary income Unrestricted funds 2021 Totsl funds 2021 Total funds 2020 Costs of generating donations and legacies 10,407 10,407 10,703 Total 2020 70,703 10,703 Page 26 TIME NORFOLK IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Analysls of expendlture by actlvltles Activities undertaken directly 2021 Support costs 2021 Total funds 2021 Tol81 funds 2020 Pregnancy and birth, Parenting Support Pregnancy Loss Provision of training Infertility Promoting awareness 3,044 36,167 12,056 3,014 6,028 3,044 53,892 14,622 3,014 15,915 2,981 52,385 74,369 2,982 15,489 17,725 2,566 9,887 30,178 60,309 90,487 88,206 Total 2020 28,576 59,630 88,206 Support costs 2021 2020 Stsff and volunteer training Staff costs Rent 1,031 38,455 3,600 3,600 4,728 592 2,055 663 5,585 2,018 36,303 3,788 6,474 6,565 554 1, 766 663 2,099 Service delivery support costs Management and Offi￿ costs Insurance Professional fees and subscriptions Depreciation Other costs 60,309 59,630 Page 27 TIME NORFOLK IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 10. Independent examlner's remuneratlon 2021 2020 Fees payable lo the Company's independent examiner for the independent examination of the Companls annual accounts 1,300 1,250 11. Staff costs 2021 2020 Wages and salaries 77,322 73,513 77,322 73,513 The average number of persons employed by the Company during the year was as follows.. 2021 No. 2020 No. Average number No employee re￿iVed remuneration amounting to more than £60,000 in either year. The total employee benefits of the key management personnel of the charity were £41,191 (2020.. £41,319). 12. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2020 - £NIL). During the year ended 31 March 2021, no Trustee expenses have been incurred (2020- £NILJ. During the year there have been no related party transactions. Page 28 TIME NORFOLK IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 13. Tanglble fixed assets Fixtures and fittings Cost or valuation At 1 April 2020 2.550 At 31 March 2021 2.550 Depreciation At 1 April 2020 Charge for the year 1.592 663 At 31 March 2021 2.255 Net book value At 31 March 2021 295 At 37 March 2020 958 Page 29 TIME NORFOLK IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 14. Debtors 2021 2020 Due within one year Other debtors 388 388 Creditors: Amounts falling due within one year 2021 2020 Other taxation and social security other creditors Accruals and deferred income 1,331 189 1,500 1,053 73 1,5(10 3,020 2,626 Page 30 TIME NORFOLK IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. Statement of funds Statement of funds - current year Balance at 31 March 2021 Balance at 1 Aprll 2020 Income Expendlture Unrgstrictgd funds General Funds 65,311 62.642 {69,7521 58.201 Restricted funds CAF - Great Yamiouth project Alan Boswell Group- Great Yamiouth project NCF - Covid resilience fund Rackham Charitable Trust - inhouse training NCF Themed - Kings Lynn Costs Barratl Family Charitable Trust- In-house training Woodward Trust- Core costs 5.000 5.000 8,000 500 3.255 15,0001 15,0001 18,0001 {5001 {10,6421 7,387 1,000 1,000 (1,0001 11,0001 9,387 21.755 {31,1421 Total of funds 74,698 84.397 1100,8941 58.201 Page 31 TIME NORFOLK IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. Statement of funds (contlnuedl Statement of funds - prlor year Balance 81 31 March 2020 Balance al l April 2019 Tr&nsfers in/out Income Expenditure Unrgstrictgd funds Designated funds Expansion Project- Great Yarmouth 16,0(10 36,0(10 15,000 11,238 8,937 (16,000) (36,OOOJ (15,000) (11,238) (8,937) Operating Costs - Norwich Training Fund Tithe Fund Maintenance Fund 87,175 (87, 175) General funds General Funds 24,038 30,602 (76,504) 87,175 65,311 Total Unrestricted funds 171,213 30,602 (76,504) 65,3f I Page 32 TIME NORFOLK IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 16. Statement of funds (contlnuedl Restrlcted funds Geoffrey Walling Trust- In- hoLJse training Brigadier Phelps- Great Yarmouth project NCF - Meridian Mental Health Wellbeing Fund 1..1 Support Dreams & Visions- Great Yarmouth project Tampon Tax Fund - Great Yarmouth project Lady Hind Trust- Great Yarmouth project CAF 2,600 (2,600) 750 (750) 2,360 (2,360) 1,875 (1,875) 5,395 (5,395) 750 1,500 1,062 (750) (1,500) (1,062) CAF - Great Yarmouth project Alan Boswell Group - Great Yarmouth project NCF - Covid resilien￿ fund Rackham Charitable Trust- inhouse training NCF Themed - Kings Lynn Costs 1,000 (1,000) (2,000) 2,000 500 (500) 10,000 (2,613) 7,387 Barratl Family Charitsble Trust In-house training Woodward Trust - Core costs 1,000 1,000 1,000 1,000 17,292 14,500 (22,405) 9,387 Total of funds 128,505 45,102 (98,909) 74,698 Page 33 TIME NORFOLK IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 17. Analysls of net assets between funds Analysls of net assets between funds - current year Unrestrlcted funds 2021 Total funds 2021 Tangible fixed assets Current assets Creditors due within one year 295 60,926 13,020} 295 60,926 13.020) Total 58,201 58.201 Analysis of net assets between funds - prior year Unreslricled fvnds 2020 Restricted funds 2020 Total funds 2020 Tangible fixed assets Current assets Creditors due within one year 958 958 66,979 (2,626) 9,387 76,366 (2,626) Total 65,311 9,387 74,698 Page 34 meNorfolk The Pregnancy Loss Charity Contact us: Phone.. 01603 927487 Web: wv/w.timenorfoLk.org.uk Email: info@timenorfolk,org.uk