REGISTERED CHARITY NUMBER: 1161863
Trustees' Report and
Unaudited Financial Statements for the Year Ended 31 March 2025
for
Time Out Group (North West)
HLP Ltd Accounting and Tax Solutions Hillgate Place 77 Middle Hillgate Stockport Cheshire SK1 3EH
Time Out Group (North West)
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes to the Financial Statements | 7 |
Time Out Group (North West)
Reference and Administrative Details for the Year Ended 31 March 2025
TRUSTEES M Wright Muelas (Chair) S Mills J Wilkie A Thomas R Barltrop S Dunning H I Moosa M James A John H Sturman REGISTERED OFFICE 25 The Paddock Handforth Cheshire SK9 3HQ REGISTERED COMPANY CE004226 NUMBER REGISTERED CHARITY 1161863 NUMBER INDEPENDENT EXAMINER HLP Ltd Accounting and Tax Solutions Hillgate Place 77 Middle Hillgate Stockport Cheshire SK1 3EH
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Time Out Group (North West)
Trustees' Report for the Year Ended 31 March 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Context
People with learning disabilities/autism have a right to help and support in the following ways: support to enable them to be as independent as they want to be and are able to be; help finding suitable work or training that increases their skills and contributes to a fulfilling life; and support to build relationships, develop and pursue individual interests and contribute to the communities in which they live.
Purpose
Our mission is to deliver a programme of regular educational, cultural and social activities that are designed to develop independent living skills, thereby supporting adults with learning disabilities/autism and their families. We provide activities for adults with learning disabilities/autism 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 provision of structured weekly sports recreation sessions, educational and social activities and a programme of special events and learning activities. Our community activities also help raise awareness of learning disabilities/autism among members of the general public.
Volunteers are trained to offer support and to encourage members to learn new skills and make decisions thus becoming more independent. We seek to break down barriers to inclusion within the community by carrying out activities in community settings including leisure centres, parks, public houses and community halls.
Time Out Group NW has been working with vulnerable adults across Alderley Edge, Wilmslow & Handforth for the past 20 years and has been a registered charity since 2007. In May 2015 we re-registered as the new form of charity, a Charitable Incorporated Organisation - CIO; this changed the status of the organisation but had no impact on the style or quality of service provision.
We are guided by our vision:
the opportunity to take part in social and leisure activities without discrimination.''
Business Planning
Our activities from April 2023 - March 2025 reflected and reinforced our ideas for the operations and continued developments of the charity in order to support more adults with learning disabilities/autism and to support them better.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Constitution forming Registered charity (Charity Incorporated Organisation).
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Time Out Group (North West)
Trustees' Report for the Year Ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governance
Decisions in relation to Time Out Group are made by the Trustees in consultation 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 to budgets and expenditure are made and monitored by the Trustees.
The powers of appointment or removal of Trustees rests with the group members and Trustees. New Trustees are primarily selected by group members or Trustees. On being appointed new Trustees spend time with the existing Trustees to ensure they understand their responsibilities and the legal and financial framework in which Time Out Group operates.
Time Out Group currently employs 13 members of staff and has about 11 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 further 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 review of areas of risk is undertaken by the Trustees in conjunction with staff and volunteers responsible for the area of activity.
Approved by order of the board of trustees on 23 September 2025 and signed on its behalf by:
M Wright Muelas - Trustee
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Independent Examiner's Report to the Trustees of Time Out Group (North West)
Independent examiner's report to the trustees of Time Out Group (North West) ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or - the accounts do not accord with those records; or
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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 to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters 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.
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
23 September 2025
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Time Out Group (North West)
Statement of Financial Activities for the Year Ended 31 March 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2,106 Charitable activities Fundraising events 1,357 Members Subscriptions 54,575 National Lottery Fund - Other grants receivable 111,241 Investment income 2 18 Total 169,297 EXPENDITURE ON Raising funds 14,183 Charitable activities National Lottery Fund - Other grants receivable 151,005 Other 280 Total 165,468 NET INCOME/(EXPENDITURE) 3,829 RECONCILIATION OF FUNDS Total funds brought forward 99,505 TOTAL FUNDS CARRIED FORWARD 103,334 |
Restricted fund £ - - - 74,999 4,100 - 79,099 - 69,882 6,341 - 76,223 2,876 4,589 7,465 |
2025 Total funds £ 2,106 1,357 54,575 74,999 115,341 18 248,396 14,183 69,882 157,346 280 241,691 6,705 104,094 110,799 |
2024 Total funds £ 4,504 1,506 43,061 93,611 100,016 - 242,698 15,520 93,982 111,414 720 221,636 21,062 83,032 104,094 |
|---|---|---|---|
The notes form part of these financial statements
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Time Out Group (North West)
Statement of Financial Position 31 March 2025
| Unrestricted fund Notes £ CURRENT ASSETS Debtors 7 4,036 Cash at bank and in hand 127,824 131,860 CREDITORS Amounts falling due within one year 8 (28,526) NET CURRENT ASSETS 103,334 TOTAL ASSETS LESS CURRENT LIABILITIES 103,334 NET ASSETS 103,334 FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ - 7,465 7,465 - 7,465 7,465 7,465 |
2025 Total funds £ 4,036 135,289 139,325 (28,526) 110,799 110,799 110,799 103,334 7,465 110,799 |
2024 Total funds £ 4,562 168,094 172,656 (68,562) 104,094 104,094 104,094 99,505 4,589 104,094 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 23 September 2025 and were signed on its behalf by:
M Wright-Muelas - Trustee
The notes form part of these financial statements
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Time Out Group (North West)
Notes to the Financial Statements for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit 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 charities 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 Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.
The financial statements have been prepared under the historical cost convention.
Income
Income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income is deferred where it relates to restricted 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 committing the charity to that expenditure, 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 category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Governance costs
These include the costs attributable to the charity's compliance with constitutional and statutory requirements including independent examination.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular 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 nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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Time Out Group (North West)
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
1. 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 future funding needs and the overall financial resilience of the charity.
Charity trustees have a general legal duty to spend income within a reasonable time of receipt. Trustees may spend this income to fund charitable activities, in acquiring assets to use in the charity's 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 to hold reserves and they must use that power in the charity's best interests.
To this end the trustees have designated four funds as follows:
Continuity Fund
This fund is to be used to bridge any possible delays in receiving 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 expenses/activities whilst sourcing income to a maximum of 6 months budgeted charitable activity.
Cyclical Maintenance Fund
This fund is to be used for major items of maintenance of the fabric of the buildings such as redecorating the interior and exteriors.
Dissolution Fund
This fund provides for the costs of dissolution should the charity be unable to continue. It is only to be used in the event of the trustees' deciding the charity should cease to exist. It will be used to pay notice periods, redundancies and the expenses of running the charity until closure of the organisation.
The minimum reserves required is the Restructuring Fund plus the Dissolution Fund. These are to be used to ensure trustees can look at every alternative before dissolution of the charity.
2. INVESTMENT INCOME
| Deposit account interest 3. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Other operating leases |
2025 £ 18 2025 £ 14,214 |
2024 £ - 2024 £ 12,585 |
|---|---|---|
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Time Out Group (North West)
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,504 Charitable activities Fundraising events 1,506 Members Subscriptions 43,061 National Lottery Fund - Other grants receivable 42,437 Total 91,508 EXPENDITURE ON Raising funds 9,994 Charitable activities National Lottery Fund - Other grants receivable 29,131 Other 720 Total 39,845 NET INCOME/(EXPENDITURE) 51,663 RECONCILIATION OF FUNDS Total funds brought forward 47,842 TOTAL FUNDS CARRIED FORWARD 99,505 |
Restricted fund £ - - - 93,611 57,579 151,190 5,526 93,982 82,283 - 181,791 (30,601) 35,190 4,589 |
Total funds £ 4,504 1,506 43,061 93,611 100,016 242,698 15,520 93,982 111,414 720 221,636 21,062 83,032 104,094 |
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Time Out Group (North West)
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 6. TANGIBLE FIXED ASSETS COST At 1 April 2024 and 31 March 2025 DEPRECIATION At 1 April 2024 and 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Funds earmarked for future Social security and other taxes Pension payable Accruals and deferred income 9. MOVEMENT IN FUNDS At 1/4/24 £ Unrestricted funds Unrestricted funds 99,505 Restricted funds Restricted Income funds 4,589 TOTAL FUNDS 104,094 |
2025 £ 4,036 2025 £ 22,290 2,653 715 2,868 28,526 Net movement in funds £ 3,829 2,876 6,705 |
Fixtures and fittings £ 295 295 - - 2024 £ 4,562 2024 £ 62,835 2,343 638 2,746 68,562 At 31/3/25 £ 103,334 7,465 110,799 |
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Time Out Group (North West)
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming resources £ Unrestricted funds Unrestricted funds 169,297 Restricted funds Restricted Income funds 79,099 TOTAL FUNDS 248,396 Comparatives for movement in funds At 1/4/23 £ Unrestricted funds Unrestricted funds 47,842 Restricted funds Restricted Income funds 35,190 TOTAL FUNDS 83,032 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds Unrestricted funds 91,508 Restricted funds Restricted Income funds 151,190 TOTAL FUNDS 242,698 |
Resources Movement expended in funds £ £ (165,468) 3,829 (76,223) 2,876 (241,691) 6,705 Net movement At in funds 31/3/24 £ £ 51,663 99,505 (30,601) 4,589 21,062 104,094 Resources Movement expended in funds £ £ (39,845) 51,663 (181,791) (30,601) (221,636) 21,062 |
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Time Out Group (North West)
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
11. UNRESTRICTED RESERVES
The trustees have performed an annual review in line with the charity's reserves policy. This showed that the trustees have reasonable expectation that the charity has adequate resources to continue in operational existence for a period of at least twelve months and for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report.
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