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← T-1 Today UK

2023-12-31-accounts

T-1 TODAY UK

(A company limited by guarantee)

Registered Charity Number 1168690

Registered Company Number 09549243 Annual Report and Unaudited Accounts 2023

Brown Butler Chartered Accountants Leeds

T-1 Today UK

Contents

Page
Legal and administrative information 2
Report of the trustees 3 – 4
Independent examiner’s report 5
Statement of financial activities 6-7
Balance sheet 8
Notes to the accounts 9 – 13

1

T-1 Today UK

Legal and Administrative Information

Directors and trustees D Cairns
G Sutherland
L Braid
G Robinson (resigned 27 October 2023)
Company Registration Number 09549243
Charity Registration Number 1168690
Principal place of business 52 Gladstone Place
Queen’s Cross
Aberdeen
AB10 6XA
Registered Office Leigh House
28-32 St. Paul’s Street
Leeds
LS1 2JT
Independent Examiner Brown Butler
Chartered Accountants
Leigh House
28-32 St Paul’s Street
Leeds
LS1 2JT
Bankers CAF Bank Limited
25 Kings Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ

2

T-1 Today UK Trustees Report For the year ended 31 December 2023

The trustees present their annual report and the accounts for the year ended 31 December 2023. The accounts have been prepared in accordance with the accounting policies on page 9 to 11 and comply with the charity’s governing documents and applicable law.

  1. Structure, governance and management

Governing document

T-1 Today UK was incorporated on 19 April 2015 as a company limited by guarantee and registered with the Charity Commission on 9 August 2016.

The charity is governed by its Memorandum and Articles of Association.

Officers and council members

The charity is administered and managed by a council, whose members are directors of the charity in accordance with the governing document.

Trustees are appointed through personal contact and recommendation from existing trustees.

Trustees may remain in office for four years from the date of their appointment.

No formal trustee induction and training procedures have been adopted.

  1. Objectives

The objects of the Charity are:-

To advance the education of the public in all subjects relating to diabetes (and in particular, type 1 diabetes), and

To promote and protect the health of individuals living with diabetes (and in particular, type 1 diabetes), in particular but not exclusively by

In setting the objectives of the company and planning its activities the trustees have given careful consideration to the Charity Commission’s general guidance on public benefit.

3

T-1 Today UK Trustees Report For the year ended 31 December 2023

3. Achievements and performance

The charity continues to pursue its objectives in education and promotion of health of individuals with diabetes by hosting the T1 Today UK “Diabetes Together” Conference 2023 as a live in person conference. A total of 266 (2022: 238) individuals attended the conference which included talks from doctors, dietitians and other experts. The event attracted 9 (2022:9) businesses to sponsor the event and provide exhibitions. 10 attendees (4 families) were awarded free places through the Family Scholarship Fund in 2023.

  1. Financial review

The funding of the charity’s activities during the year has been conducted wholly from income received during the year. The charity has received sponsorship of £47,950 (2022: £45,900) and ticket sales of £14,594 (2022: £11,837). The charity received donations of £559 (2022: £257).

Investment policy

The trustees’ policy is to invest funds in easy access and low risk bank accounts.

Risk policy

The trustees confirm that the major risks to which the charity is exposed, as identified by the trustees, have been reviewed and systems established to mitigate the risk.

Reserves policy

At the year end the charity had unrestricted reserves of £33,269 (2022: £38,888) and restricted reserves of £21,726 (2022: £23,579). The total amount of funds held at 31 December 2023 was £54,995 (2022: £62,467).

The trustees consider this level of resources sufficient to cover immediate expenditure requirements.

In preparing this report advantage has been taken of the small companies exemption under Section 415A of the Companies Act 2006.

Gwen E Sutherland

Signed on 07/06/24 @ 05:26

………………………………..

G Sutherland - Director

………………………………..

Date

For and on behalf of the Trustees

4

Independent Examiner’s Report

To the Trustees of T-1 Today UK

I report on the accounts of the company for the year ended 31 December 2023, which are set out on pages 6 to 13.

Respective responsibilities of trustees and examiner

As the charity’s trustees of the company (who are also the directors of the company for the purpose of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006.

Basis of independent examiner’s report

Having satisfied myself that the accounts of the company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities 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).

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

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 be enable a proper understanding of the accounts to be reached.

J W Brear ACA Brown Butler Chartered Accountants Leigh House 28-32 St Paul’s Street Leeds LS1 2JT

……………………………..

5

T-1 Today UK

Statement of Financial Activities (Incorporating the Income and Expenditure Account) For the year ended 31 December 2023

Unrestricted Restricted Total
funds funds funds
2023 2023 2023
Note £ £ £
Incoming Resources
Incoming resources from generated funds:
Investment income - 515 515
Incoming resources from charitable activities:
Sponsorship 47,950 - 47,950
Donations 559 - 559
Ticket sales 14,594 - 14,594
Other income - - -
───── ───── ─────
Total income 63,103 515 63,618
───── ───── ─────
Expenditure
Expenditure on charitable activities 3 68,722 2,368 71,090
───── ───── ─────
Total expenditure 68,722 2,368 71,090
───── ───── ─────
Net (expenditure) and net movement in funds for
the year before transfer (5,619) (1,853) (7,472)
Gross transfer between the funds - - -
───── ───── ─────
Net outgoing resources (5,619) (1,853) (7,472)
Reconciliation of funds
Total funds brought forward 38,888 23,579 62,467
───── ───── ─────
Total funds carried forward
 9 33,269 21,726 54,995
═════ ═════ ═════

The notes on pages 9 to 13 form an integral part of these unaudited accounts.

6

T-1 Today UK

Statement of Financial Activities (Incorporating the Income and Expenditure Account) - continued For the year ended 31 December 2023

Total Total
funds funds
2023 2022
Note £ £
Incoming Resources
Incoming resources from generated funds:
Investment income 515 151
Incoming resources from charitable activities:
Sponsorship 47,950 45,900
Donations 559 257
Ticket sales 14,594 11,837
Other income - 100
───── ─────
Total income 63,618 58,245
───── ─────
Expenditure
Expenditure on charitable activities 3 71,090 68,367
───── ─────
Total expenditure 71,090 68,367
───── ─────
Net (expenditure) and net movement in funds for
the year (7,472) (10,122)
Reconciliation of funds
Total funds brought forward 62,467 72,589
───── ─────
Total funds carried forward 9 54,995 62,467
═════ ═════

The notes on pages 9 to 13 form an integral part of these unaudited accounts.

7

T-1 Today UK Company Registration 09549243 Balance Sheet As at 31 December 2023

Unrestricted Restricted Total Total
funds funds 2023 2022
Note £ £ £ £
Non-current assets
Intangible assets 6 2,527 - 2,527 2,821
Fixed assets 5 425 - 425 413
───── ───── ───── ─────
2,952 - 2,952 3,234
═════ ═════ ═════ ═════
Current assets
Debtors 7 242 - 242 2,973
Cash at bank 33,598 21,726 55,324 60,276
───── ───── ───── ─────
33,840 21,726 55,566 63,249
Creditors: amounts falling due within one
year 8 (3,523) - (3,523) (4,016)
───── ───── ───── ─────
Net current assets 30,317 21,726 52,043 59,233
───── ───── ───── ─────
───── ───── ───── ─────
Total assets less current liabilities 33,269 21,726 54,995 62,467
═════ ═════ ═════ ═════
Funds
Unrestricted funds 33,269 - 33,269 38,888
Restricted funds - 21,726 21,726 23,579
───── ───── ───── ─────
Total charity funds 9 33,269 21,726 54,995 62,467
═════ ═════ ═════ ═════

For the year ended 31 December 2023 the company was entitled to exemption under Section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with Charities SORP(FRS102).

These accounts were approved and authorised for issue by the board on………………..and signed on their behalf by:

Gwen E Sutherland

Signed on 07/06/24 @ 05:26

The notes on pages 9 to 13 form an integral part of these unaudited accounts.

8

T-1 Today UK

Notes to the Accounts For the year ended 31 December 2023

  1. General information

T-1 Today UK is a private company limited by guarantee in England and Wales under company number 09549243.

Registered office: Leigh House 28-32 St. Paul’s Street Leeds LS1 2JT

Principal place of business: 52 Gladstone Place Queen’s Cross Aberdeen AB10 6XA

  1. Summary of significant accounting policies

Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.

The accounts have been prepared in accordance with the 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), and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS102.

The presentation currency is £ sterling and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these accounts are set out below. These policies have been consistently applied to all years presented, unless, otherwise stated.

Income recognition

All income is accounted for on a receivable basis. There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by Charities SORP(FRS102). or FRS102.

9

T-1 Today UK

Notes to the Accounts For the year ended 31 December 2023

Note 2 Continued

Intangible fixed assets

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

Amortisation

Amortisation is charged so as to allocate the cost of intangible assets less their residual values over their estimated useful lives. The annual rates and methods of amortisation are as follows:-

Asset class Amortisation method and rate Trade Mark - 10 years straight line basis

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any impairment losses.

Depreciation

Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets, other than freehold land, over their expected useful lives. The annual rates and methods of depreciation are as follows:-

Asset class Depreciation method and rate Equipment - 33% straight line basis

Expenditure

All expenditure is accounted for on an accruals basis.

The following principles have been applied in attributing costs to the different headings:-

Support costs have been allocated between governance and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice

Taxation

As a registered charity the company is exempt from taxation on its income and gains where they are applied for charitable purposes

The company is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.

10

T-1 Today UK

Notes to the Accounts For the year ended 31 December 2023

Note 2 Continued

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Short term creditors are measured at transaction price.

3. Analysis of expenditure on charitable activities

2023 2022
£ £
Venue costs 52,383 50,301
Hotel, travel and subsistence 4,151 8,504
Other event costs 5,417 4,791
Postage and stationery 1,123 1,485
Sundry expenses 1,173 1,473
Depreciation 188 360
Amortisation 294 129
Legal and professional 3,755 (1,140)
Governance costs:
Administration costs 1,412 1,283
Bank charges 66 137
Independent examiner’s fees 1,128 1,044
───── ─────
71,090 68,367
═════ ═════

4. Staff costs and trustees’ remuneration

The average number of persons employed by the company (including the directors) during the year was as follows:

2023 2022
No. No.
Employees 4 4
═════ ═════

Trustees are not remunerated. A trustee received reimbursement of travel expenses, expenses for attending meetings, stationery and equipment amounting to £1,423.

11

T-1 Today UK

Notes to the Accounts For the year ended 31 December 2023

5. Tangible fixed assets

5. Tangible fixed assets
Equipment Total
Cost
At 1 January 2023 4,999 4,999
Additions 200 200
───── ─────
At 31 December 2023 5,199 5,199
───── ─────
Depreciation
At 1 January 2023 4,586 4,586
Charge for the year 188 188
───── ─────
At 31 December 2023 4,774 4,774
───── ─────
Net Book Value
At 31 December 2022 413 413
═════ ═════
At 31 December 2023 425 425
═════ ═════
6. Intangible fixed assets
Trade Mark Total
Cost
At 1 January 2023 2,950 2,950
───── ─────
At 31 December 2023 2,950 2,950
───── ─────
Amortisation
At 1 January 2023 129 129
Charge for the year 294 294
───── ─────
At 31 December 2023 423 423
───── ─────
Net Book Value
At 31 December 2022 2,821 2,821
═════ ═════
At 31 December 2023 2,527 2,527
═════ ═════

12

T1 Today UK

Notes to the Accounts

For the year ended 31 December 2023

7. Debtors

2023 2022
£ £
Prepayments 242 2,973
═════ ═════
8. Creditors
Amounts falling due within one year
2023 2022
£ £
Trade creditors 2,100 2,000
Accruals 1,423 2,016
───── ─────
3,523 4,016
═════ ═════

9. Statement of movement on funds

Unrestricted Restricted
funds funds Total
£ £ £
At 1 January 2023 38,888 23,579 62,467
Incoming resources for the year 63,103 515 63,618
Outgoing resources for the year (68,722) (2,368) (71,090)
───── ───── ─────
At 31 December 2023 33,269 21,726 54,995
═════ ═════ ═════

Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objects.

The restricted fund is designated towards providing UK families with free conference places over a period of 6 years or as long as the fund lasts.

10. Limited by guarantee

The company is limited by guarantee without share capital. In the event of being wound-up each member undertakes to contribute such amount as may be required (not exceeding £1) for the payment of the charity’s debts and liabilities.

13

Brown Butler Chartered Accountants Leigh House 28-32 St Paul’s Street Leeds LS1 2JT

Dear Sirs

LETTER OF REPRESENTATION FOR THE YEAR ENDED 31 DECEMBER 2023

This representation letter is provided in connection with your preparation of the statutory accounts of T-1 Today UK (the company) for the year ended 31 December 2023 in accordance with the Companies Act 2006 and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Accounts

  1. We have fulfilled our responsibilities as directors under the Companies Act 2006 for preparing accounts in accordance with the Companies Act 2006 and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which you have drafted on our behalf, which give a true and fair view of the financial position of the company as at 31 December 2023 and of the results of its operations for the year then ended and for making accurate representations to you.

  2. The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework.

  3. We have no plans or intentions that may materially alter the carrying value and where relevant the fair value measurements or classification of assets and liabilities reflected in the accounts.

  4. We have disclosed all known actual or possible litigation and claims whose effects should be considered when preparing the accounts and these have been disclosed in accordance with the requirements of accounting standards.

  5. Related party relationships and transactions have been appropriately accounted for and disclosed in accordance with accounting standards.

  6. All events since the balance sheet date which require disclosure or which would materially affect the amounts in the accounts have been adjusted or disclosed in the accounts.

  7. We confirm the accounts are free of material misstatements, including omissions.

  8. We confirm that, having considered our expectations and intentions for not less than twelve months, and the availability of working capital, the company is a going concern. We confirm that the disclosures in the accounting policies are an accurate reflection of the reasons for our consideration that the accounts should be drawn up on a going concern basis.

Information Provided

  1. All accounting records and relevant information have been made available to you for the purpose of your preparation of the accounts. We have provided to you all other information requested and given unrestricted access to persons within the entity from whom you have deemed it necessary to request information. All other records and related information, including minutes of all management and shareholders meetings, have been made available to you.

  2. All transactions undertaken by the company have been properly reflected in the accounting records and are reflected in the accounts.

  3. We acknowledge our responsibility for the design, implementation and maintenance of internal controls to prevent and detect fraud and we believe we have appropriately fulfilled those responsibilities. We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud..

  4. We have disclosed to you all information in relation to fraud or suspected fraud that we are aware of and that affects the entity and involves, management, employees who have a significant role in internal control, or others, where fraud could have a material effect on the accounts.

  5. We have disclosed to you all information in relation to allegations of fraud, or suspected fraud affecting the entity’s accounts communicated by employees, former employees, analysts, regulators or others.

  6. We confirm that we are not aware of any possible or actual instance of non-compliance with those laws and regulations which provide a legal framework within which the company conducts its business and which could affect the accounts. The company has complied with all aspects of contractual agreements that could have a material effect on the accounts in the event of noncompliance.

  7. We confirm that we have disclosed to you the identity of the entity’s related parties and all related party relationships and transactions relevant to the company that we are aware of.

  8. The company has satisfactory title to all assets, and there are no liens or encumbrances on the assets except for those disclosed in the accounts.

  9. There are no liabilities, contingent liabilities or guarantees to third parties other than those disclosed in the accounts.

  10. The company has at no time during the year entered into any agreement, transaction or agreement to provide credit facilities (including loans, quasi loans or credit transactions) for directors, nor to guarantee or provide security for such matters, except as disclosed in the accounts.

We confirm to the best of our knowledge and belief that the above representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation sufficient to satisfy ourselves that we can properly make each of the above representations to you.

Yours faithfully

Signed on behalf of the board of directors by:Gwen E Sutherland Signed on 07/06/24 @ 05:26

………………………………………….

Director

Date:……………………………………

Company name T-1 Today UK Company address: Leigh House 28-32 St. Pauls Street Leeds LS1 2JT

Company number 09549243