REGISTERED CHARITY NUMBER: 1161863 Trustees, Report and Unaudited Financial Statements for the Year Ended 31 March 2024 for Time Out Group (North West) HLP Ltd Accounting and Tax Soluttons Hillgale Place 77 Middle Hillgate Stockport Cheshire SK1 3EH
Time Out Group (North West) Contents of the Financial Statsments for the Year Ended 31 March 2024 Page Reference and Administratlve Details Trustees. Report Independent Examinerfs Report statement of Financial Activities Statement of Financlal Position Notes to the Financial Statements
Time Out Group (North West) Reference and Administrative Details for the Year Ended 31 March 2024 TRUSTEES Dr M Wright-muelas (Chair) R Barltrop S Mills J M Daglish (Treasurer) J Wilkie P D Hansford COMPANY SECRETARY REGISTERED OFFICE 25 The Paddock Handforth Cheshire SK9 3HQ REGISTERED COMPANY NUMBER CE004226 (England and Walesl REGISTERED CHARITY NUMBER 1161863 INDEPENDENT EXAMINER HLP Ltd Accounting and Tax Solutions Hillgale Pla 77 Middle Hillgate Stockport Cheshire SK1 3EH Page 1
Time Out Group {North West) Trustees, Report for the Year Ended 31 March 2024 The Iruslees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reportsng by Charities.. Statement of Recommended Practice applicable lo charitie5 preparing Iheii accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 January 2019}. OBJECTIVES AND ACTIVITIES Context People with learning disabilitieslautism have a right to help and support in the following ways.. support to enable them lo be as independent as they want to be and are able lo be," help finding suitsble work or training that increases their skills and contributes to a fulfilling lrfe". and support to build relationships, develop and pursue individual interests and contribute to the communities in which they live. Purpose Our mission is lo delivei a programme of regular edub.OnaI, Cultural and social activities that are designed to develop independent living skills, thereby sUppO.n9 adults wrth learning disabililieslauts'sm and their families. We provide activities for aduks with leamtn9 disabilitieslauts.sm that are based in the community and promote inclusion of this group. We encourage group members to become more independent and less reliant on the people who care for them through provisK)n of structured weekly sport5 recreation sessions, educational and social acb'vilies and a programrrbe of spec1 events and learning aclivilies. Our community aclivrtie5 also help raise awareness of leaming disabilrtreslautism among members of the geneyal public. Volunteers are trained lo offer support and to encourage members lo rn new skills and make decisions thus becoming more independent. We seek to bleak down barriers lo inclusion within the community by carrying out a¢b'vilies in communty settings including leisure cenlres, parks. public houses and community halls. Time Out Group NW has been working with Vulnerab adulls across Alderley Edge, Wilmslow & Handforth for the past 20 years and has been a registered charity Sin 2007. In May 2015 we re-fegistered as the new form of charity, a Chanlable Incorporated Organisation - CIO.. this changed the status of the organisalion bul had no impact on the style or quality of seThice PTOViSlOn. We are guided by our vision.. Adults with learning disabilitieslautism are accepted a5 equals within their own communities and have the opportunity lo take part in scti21 and leisure actwilies without discrimination. Buslness Planning Our a¢livilies from April 2023 - March 2024 reflected and reinforced our Kleas for the operations and Gontinued developments of Ihe charity in order to support more a¢Yults wrth learning disabilitieslautism and to support them better. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Constilubon forming Registered charity IChaTty Incorporated OrganisatDnl. Page 2
Time Out Group {North West) Trustees, Report for the Year Ended 31 March 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Governance Decisions in relation to Time Out Group are made by the Trustees in consultalion with the Committee of group members. Day to day decisions on activities are decided by the group members. staff and volunteers and are monitored by the Trustees. Financial decisions in relation lo budgets and expenditure are made and monitored by the Trustees. The powers of appointment or removal of Truslees rests with the group membefs 2nd Trustees. New Trustees are primarily selected by group members or Trustees. On being appointed new Ttustees spend tim8 with the existing Trustees lo ensure they understand their responsibiltbes and the legal and financial framework In which Time Out Group operates. Time Out Group currenlty employs 11 members of staff and has about 12 volunteers allowing the objectives of Time Out Group to be fulfilled as outlined above. Following on from the success of the National Lottery funding we have gone on to bid successfully for fvrther funding. We expect the team to grow even further in the future as we develop our service offer. Risk management All major insurable risks are subject to Time Out Group's insurance. An annual revw of areas of risk is undertaken by the Trustees in conjunctKsn with staff and volunleefs responsible for the area of activity. Approved by order of the board of trustees on 18 Juty 2024 and signed on its behalf by.. J M Daglish - Tnjstee Page 3
Independent Examiner's Report to the Trustees of Time Out Group (North West) Independent examinerfs report to the trustees of Time Out Group {North Wesll I'the Company'} I report to the charity trustees on tny examinatson of the accounts of the Company for the year endÈd 31 March 2023 Rèsponsibilities and basis of report As the charity's trustees you are responsible for the pfeparabon of the accounts in accordance with the requirements of the Charitses Act 2011 I'the ACY'I. I report in respect of my examination of your chanty's accounts as carried out under secb.on 145 of the Act 2011. In carrying out my examinab.on I have followed the Directions given by the Charity Commission under Section 145151 Ib} of the 2011 Act. Independgnt examinerfs statement I have completed my examination. I confirm that no matters have come lo my attention in connection with the examinatson giving me cause to believe- - accounting records were not kept in respe¢t of the Company as required by Section 386 of the 2006 Act., or - the accounts do not accord with Ihose tecords." or the accounts have not been prepared in a¢¢ordance 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 Reporbng StandaTd applicable in the UK and Republic of Ireland IFRS 10211. I have no concems and have Come across no olher matters in connection with the examirkation to which attention should be dfawn in this report in Ofder to enable a proper understanding of the accounts to be reached. C A Foreman ACCA The Association of Chartered Certified Accountants HLP Ltd Accounting and Tax Solutions Hillgate Place 77 Middle Hillgate Stockport Cheshire SK1 3EH 18 July 2024 Page 4
Time Out Group (North West) ststement of Financial Activities for the Year Ended 31 March 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fvnd fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3,281 Charitable activities Fundraising events Members Subscriptions National Lottery Fund Other grants receivable 1.506 43.061 93.611 42.437 1.506 43.061 93.611 100.016 1,915 27,170 95,257 91,367 57.579 Total 185,119 57,579 242,698 218.990 EXPENDITURE ON Raising funds 9,994 5,526 15,520 13,879 Charitable activities National Lottery Fund Other grants receivable 93,982 29,131 93.982 111,414 97,865 93,829 82.283 Other 720 720 Total 133.827 87.809 221,636 205,573 NET INCOMEIIEXPENDITUREI 51.292 (30,2301 21,062 13,417 RECONCILIATION OF FUNDS Total funds brought forward 47.842 35.190 83,032 69,615 TOTAL FUNDS CARRIED FORWARD 99.134 4.960 104,094 83,032 The notes form part of these ffinancial statements Page 5
Time Out Group (North West) Statement of Financial Position 31 March 2024 2024 Total funds 2023 Total funds Unresttscted fund Restricled fund Notes CURRENT ASSETS Debtors Cash at bank and in hand 4,$62 162,814 4.562 168.094 3.874 135,126 5,280 167,376 5,280 172,656 139,000 CREDITORS Amounts falling due within one year (68,242) 13201 (68.5621 155,9681 NET CURRENT ASSErs 99.134 4.960 104.094 83.032 TOTAL ASSETS LESS CURRENT LIABILITIES 99.134 4,960 104.094 83.032 NET ASSETS 99,134 4.960 104,094 83,032 FUNDS Unrestricted funds Reslricled funds 99.134 4.960 47,842 35,190 TOTAL FUNDS 104,094 83,032 The charitable company is entitled to exemption from audit under secb.on 477 of the Companies Act 2006 for the year ended 31 March 2024. The Members have not required the company to obtain an audit of its financial ststemersls for the year ended 31 March 2024 in accordance with secb.on 476 of Ihe Companie5 Act 2006. The trustees acknowledge their responsibilitses for la) ensuring that the charitable company keeps accounting records that compty with Sections 386 and 387 of the Cofflpanies AGt 2006 and preparing financial statements which give a Irue and fair view of the state of affairs of the charitable company as al the end of each financial year and of its surplus or deficit foi each financial year in accordance with the requirements of Sections 394 and 395 and which olhetwise comply with the requirements of the Companies Act 2006 relating lo finanual statements, so far as applicable to the charitable company. Ib) These financial slaternenls have been prepared in accordance with the prowsions applicable lo eharilable companies subject lo the Small companies iegime. The financial statements were approved by the Board of Trustees and aulhorised for issue on 18 July 2024 and were signed on its behalf by." M Wright-MLfelas- Trustee The notes fomi part of these financial statements Page 6
Time Out Group (North West) Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial slalements of the eharitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with Ihe Charities SORP IFRS 102} 'Accounling and Reporting by Charities." Statement 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 (effective 1 January 20191., Financial Repong Standard 102 The Financial Reporting Standard applicable in the UK and Republic ol Ireland. and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income Income is recognised in the Statemenl of Financrdl Activibes once the charity has entitlement to the funds, it is probable that the ineome will be recenied and the amount can be measured reliably. Income is deferred where it relates lo restri¢ted funds and the charitable activities to which they relate have not commenced as at the year end. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation ommilling the charity to that expenditure, il is probable that a trallsfer 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 ealegory. Where costs cannot be directly attribL¢led to particular headings they have been allocated tr) aclivtties on a basis consistent wrth the use of resoUrS. Governance costs These include the costs attributable to the charity's cotnpliance with constilutsonal and statutory requirements including independent examination. Tangible fixed assets Depreciation is provided at the foll¢)wing annual rates in order to write off each asset over its eslimaled useful life. Fixtures and fithn9S 33% on cost Taxation The charity is exempt from corporat40n tax on tts charitable acttvaties. Fund accounting Unreslricled funds can be used in accordanee with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for parbcular restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nalure and purpose of each fund is included in the notes lo the financial statements. Hire purchase and leasing commltments Rentals paid under operab.ng leases are charged to the Statement of Financial Activilies on a straight line basis over the period of the lease. Pension costs and other post-retirement benefits The charitable company operales a defined contribution pension scheme_ Contributions payable lo the charitable company's pension scheme ale chaiged lo the Stalement of Financial Aciivilies in the period to which they relate. Page 7
Time Out Group (North West) Notes to the Financial Ststements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- continued Reserves policy The policy allocates money from unrestricted fund balances, which are not invested in fixed assets, to several designated funds. This provides an indicator of ftjture funding needs and the overall financial resilience of the charity. Charity trustees have a general legal duty lo spend income within a reasonable lime of receipt. Trustees may spend this income to fund charttable actNilies, in acquiring assets to use in the charitys work, and in meeting the day to day running costs of the charity. To hold income in reserve rather than spending it. trustees rely on an implicit power lo hold reserves and they must use that power in the chartys best interests. To this end the trustees have designated four funds as follows-. Continuity Fund This fund is to be used to bfidge any possible delays in receNing promised grants. grant applications in progress. or National Lottery Fund payments. This has been defined as a minimum of a three months budgeted charitable activity. Restructuring Fund This fund is to be used to cover essential expenseslactiviti'es whilst soUrng income to a maximum of 6 months budgeted charitable actmty. Cyclical Maintenance Fund Thi5 fund is to be used for major items of maintenance of the fabric of Ihe buildings such as redecorating the interior and exteriois. Dissolution Fund This fund provides for the costs of dissolulk)n should the chanty be unable lo continue. It is only to be used In the event of the tnjstees, deciding the charity should cease to exist. It will be used lo pay notice periods. redundancies and the expenses of running the charity unlil ciosure of the organisalion. The minimum reserves required is the Restructuring Fund plus the Dissolution Fund. These are to be used lo ensure ttustees can look at every alteinalive before dissolution of the charity. NET INCOMEI(EXPENDrruREI Net incomellexpen(Jiture} is stated after chargingl(¢reditingl'. 2024 2023 DepTeciation - owned assets Other operating leases 98 14,358 12,585 Page 8
Time Out Group (North Wést) Notes to the Financial Ststements - 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 MaTch 2024 nor for the year ended 31 March 2023. Tmstees. expenses There were no trustees, eXnSeS paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES Unrestricted fund Restricted fund Totsl funds INCOME AND ENDOWMENTS FROM Donations and legacies 3.281 3,281 Charitable activities Fundraisin9 events Members Subscriptions National Lottery Fund Other grants receivable 1.915 27,170 1,915 27,170 95,257 91,367 95,257 91,367 Total 32,366 186,624 218.990 EXPENDITURE ON Raising funds 6,023 7,856 13.879 Charitable activities National Lottery Fund Other grants receivable 97,865 92,780 97,865 93,829 1.049 Total 7.072 198,501 205,573 NET INCOMEIIEXPENDITURE) 25.294 111,877} 13,417 RECONCILIATION OF FUNDS Total funds brought fonNard 22,548 47,067 69,615 TOTAL FUNDS CARRIED FORWARD 47.842 35,190 83,032 Page 9
Time Out Group (North West) Notes to the Financial Ststements - continued for the Year Ended 31 March 2024 TANGIBLE FIXED ASSETS Fixtures and fittings COST At 1 April 2023 and 31 March 2024 295 DEPRECIATION At 1 April 2023 and 31 March 2024 295 NET BOOK VALUE At 31 March 2024 Al 31 March 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Prepayments and accrued income 4,562 3,874 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Funds earmarked for future Social security and other tsxes Pension payable Accruals and deferred income 62,835 2,343 638 2,746 51,979 2,183 622 1,184 68.562 55,968 MOVEMENT IN FUNDS Net movement in funds At 3113124 At 114123 Unrestricted funds Unrestricted funds 47,842 51.292 99,134 Restricted funds Restricted Income funds 35.190 (30,230) 4,960 TOTAL FUNDS 83,032 21,062 104.094 Page 10
Time Out Group (North West) Notes to the Financial Statements - continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS- ¢ontinued Net movement in funds, included in the above are as follows". Incoming resources Resources expended Movement in funds Unrestri¢ted funds Unrestricted funds 185.119 (133,8271 51,292 Restricted funds Restiicled Income funds 57,579 187.809} {30,230) TOTAL FUNDS 242,698 {221.6361 21,062 Comparatives for movement in fund5 Net movement in funds Al 3113123 At 114122 Unrestricted funds Unrestricted funds 22.548 25,294 47.842 Restricted funds Restricted Income funds 47.067 (11.877) 35,190 TOTAL FUNDS 69,615 13,417 83,032 Comparab"ve net movement in funds, included in the at*Jve are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds Unreslricled funds 32,366 (7,0721 25,294 Rastricted funds Restricted Income funds 186.624 (198,5011 {11,87n TOTAL FUNDS 218,990 {205,5731 13,417 Page11
Time Out Group (North West) Notes to the Financial Statements - continued for the Year Ended 31 March 2024 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. 10. UNRESTRICTED RESERVES The Iruslees have perfom)ed an annual review in line with the charity's reserves policy. This showed that the total of the Restructuring Fund plus the Dissolub"on Fund would need to be £71,569. Given that the current unrestricted reserves are £99,134 Ihe truslees have reasonable expectation that the charity has adequate resouTces to continue in operational existence for a period of al least twelve months and for the foreseeable fijture. Accordingly, they cor¢b"nue lo adopt the going concern basis in preparing the annual report. Pa9e 12