**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
Page 1
## **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).
Page 2
## **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
Page 3
## **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:
- 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
- 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
Page 4
## **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
Page 5
## **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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (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
Page 6
**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.
Page 7
**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|
|---|---|---|
Page 8
**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|
|---|---|---|
Page 9
## **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**|
|---|---|---|
Page 10
## **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|
|---|---|
Page 11
## **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.
Page 12