2021-08-31-accounts - Time To Help (UK)

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Registered number 08659663 Charity number 1160467

TIME TO HELP (UK) (A company limited by guarantee) Report and Accounts

31 August 2021

TIME TO HELP (UK) Report and accounts Contents

	Page
Company information	1
Director/Trustees report	2
Accountants' report	3
Statement Of Financial Activities	4
Balance sheet	5
Notes to the accounts	6

TIME TO HELP (UK) Company / Charity Information

Directors/Trustees

XX TRUSTEE WITH A DISPENSATION

Accountants

AA ACCOUNTANCY SERVICES 244 CHASE ROAD LONDON N14 6HH

Registered office 337 FORE STREET EDMONTON LONDON N9 0NU

Registered number 08659663

Charity number 1160467

TIME TO HELP (UK) Registered number: 08659663 Directors' / trustees' Report

The directors present their report and accounts for the year ended 31 August 2021.

Principal activities

The company's / Charity's principal activity during the year continued to be In line with its objectives, the Trust organised programmes and aid campaigns.

Directors

The following persons served as directors during the year:

XX TRUSTEE WITH A DISPENSATION

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 31 May 2022 and signed on its behalf.

XX TRUSTEE WITH A DISPENSATION Director

TIME TO HELP (UK) Accountants' Report

Accountants' report to the directors of TIME TO HELP (UK)

You consider that the company is exempt from an audit for the year ended 31 August 2021. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

AA ACCOUNTANCY SERVICES CHARTERED CERTIFIED ACCOUNTANTS

244 CHASE ROAD LONDON N14 6HH

31 May 2022

TIME TO HELP (UK) SOFA: Statement Of Financial Activities for the year ended 31 August 2021

Income Direct Charitable Expenditure Gross Income Management & Administrative expenses Net Incoming / (Outgoing) Resources Interest receivable Net Incoming / (Outgoing) Resources before taxation Tax on profit on ordinary activities Net Incoming / (Outgoing) Resources for the financial year	2021 £ 592,575 (419,147) 173,428 (118,814) 54,614 6 54,620 - 54,620	2020 £ 441,356 (289,452) 151,904 (83,665) 68,239 - 68,239 - 68,239

TIME TO HELP (UK) Registered number: 08659663 Balance Sheet as at 31 August 2021

Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Reserves and Funds Surplus and Deficit account Reserves and Funds	2021 £ 9,867 683 203,582 204,265 (3,200) 201,065 210,932 210,932 210,932	- 188,573 188,573 (35,230)	2020 £ 2,969 153,343 156,312 156,312 156,312

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

XX TRUSTEE WITH A DISPENSATION Director Approved by the board on 31 May 2022

TIME TO HELP (UK) Notes to the Accounts for the year ended 31 August 2021

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Intangible fixed assets

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings	over 50 years
Leasehold land and buildings	over the lease term
Plant and machinery	over 5 years
Fixtures, fittings, tools and equipment	over 5 years

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

TIME TO HELP (UK) Notes to the Accounts for the year ended 31 August 2021

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Leased assets

A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2021 2020 Number Number

2 Employees

TIME TO HELP (UK) Notes to the Accounts for the year ended 31 August 2021

Average number of persons employed by the company

5 3

3 Tangible fixed assets Cost At 1 September 2020 Additions At 31 August 2021 Depreciation At 1 September 2020 Charge for the year At 31 August 2021 Net book value At 31 August 2021 At 31 August 2020 4 Debtors Trade debtors Other debtors 5 Creditors: amounts falling due within one year Trade creditors Taxation and social security costs Other creditors	2021 £ 557 126 683 2021 £ - 639 2,561 3,200	Plant and machinery etc £ 3,369 7,098 10,467 400 200 600 9,867 2,969 2020 £ - - - 2020 £ 746 4,350 30,134 35,230

6 Other information

TIME TO HELP (UK) is a private company limited by shares and incorporated in England. Its registered office is: 337 FORE STREET EDMONTON LONDON N9 0NU

TIME TO HELP (UK)

Detailed SOFA: Statement Of Financial Activities for the year ended 31 August 2021

This schedule does not form part of the statutory accounts

Income Direct Charitable Expenditure Gross Income Management & Administrative expenses Net Incoming / (Outgoing) Resources Interest receivable Net Incoming / (Outgoing) Resources before tax	2021 £ 592,575 (419,147) 173,428 (118,814) 54,614 6 54,620	2020 £ 441,356 (289,452) 151,904 (83,665) 68,239 - 68,239

TIME TO HELP (UK) Detailed SOFA: Statement Of Financial Activities for the year ended 31 August 2021

This schedule does not form part of the statutory accounts

Income Sales Donations Grants Other Income Direct Charitable Expenditure Purchases Greece project Homeless breakfast Refugee appeal Refugee aid Ramadan aid Qurbani aid Community projects Water well aid Raising funds expenses Carriage Management & Administrative expenses Employee costs: Wages and salaries Pensions Employer's NI Staff training and welfare Travel and subsistence Premises costs: Rent Paypal fees Cleaning General administrative expenses: Telephone and fax Postage Stationery and printing Courier services Subscriptions Bank charges Office/General Insurance Equipment expensed Equipment hire Software Repairs and maintenance Depreciation Sundry expenses	2021 £ 75,313 444,783 55,150 17,329 592,575 72,192 - 11,619 75,637 - 27,435 193,639 1,547 26,561 10,517 - 419,147 75,005 1,338 4,952 1,140 - 82,435 8,000 - 316 8,316 179 625 645 729 1,899 2,348 354 876 489 - 432 1,168 200 112	2020 £ 128,927 238,382 60,280 13,767 441,356 122,373 7,110 1,714 - 33,186 9,604 79,696 - 27,406 8,058 305 289,452 46,127 760 140 1,804 6 48,837 12,000 2,374 - 14,374 1,109 - 240 - - 208 - 48 - 90 215 10 200 629

TIME TO HELP (UK) Detailed SOFA: Statement Of Financial Activities for the year ended 31 August 2021

This schedule does not form part of the statutory accounts

Legal and professional costs: Accountancy fees Advertising and PR Other legal and professional	2021 £ 10,056 1,550 3,741 12,716 18,007 118,814	2020 £ 2,749 2,623 2,737 12,345 17,705 83,665