2021-03-31-accounts

Trustees’ annual report (including Directors’ report) for the period

From: 31[st] March 2020 Period start date

To: 31[st] March 2021 Period end date

Charity name: Timebank South West

Charity registration number: 1169627

Company number:

Objectives and activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	i) the relief of poverty, sickness, and distress for the particular, but not exclusive, benefit of the community of Plymouth, Devon and Cornwall; ii) to develop the capacity and skills of the members of socially and economically disadvantaged communities for the benefit of the public in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society; iii) promote social inclusion for public benefit by preventing people from becoming socially excluded from society, or parts of society, as a result of one of more of the following factors: unemployment; financial hardship; youth or old age; ill health (physical or mental); substance abuse or dependency including alcohol and drugs; discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation or gender reassignment; poor educational or skills attainment; relationship and family breakdown; poor housing (that is housing that does not meet basic habitable standards; crime (either as a victim of crime or as an offender rehabilitating into society).
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	We increase people’s sense of well-being and reduce loneliness and social isolation by bringing people and communities together to make friendships. We encourage people to actively take part in their community by exchanging their skills and time with others. We recognise, value and celebrate every informal volunteering action, no matter how big or small. Participants share their skills and learn new skills from others. We run eight neighbourhood timebanks in Plymouth and work in partnership with service providers to support people to get active in their community.

		We run weekly socials in each neighbourhood and organise skill swaps to ensure the safety of all those who take part. We monitor and evaluate everything we do.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	All new Trustees have an induction, and are given a copy of our Constitution, Charity Commission’s ‘The Essential Trustee Guide’ and have an agreed set of principles and code of conduct based on the Nolan Principles and Timebanking.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and performance

Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Whilst 2020 – 2021 has been a difficult year due to Covid-19 we have continued to operate. We have increased the number of individuals and groups joining. We have maintained the number of volunteer skills hours exchanged. We supported eight neighbourhood Timebanks in Plymouth. We are named as an integral partner of Plymouth City Council’s Wellbeing Hub Strategy. We have continued hosting weekly socials – on zoom during lockdown and outdoors and face to face when it was safe to do so. This contact helped beneficiaries to combat feelings of social isolation and loneliness.

Awarded continuation funding from Plymouth City Council. Timebank South West is inclusive and remains free for all beneficiaries to join and take part.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against Para 1.41 objectives set Performance of fundraising Para 1.41 activities against objectives set Investment performance Para 1.41 against objectives Other

Financial review

Financial review
Review of the charity’s financial position at the end of the period	Para 1.21	Met our budgetary aims and maintained our Unrestricted funds at the previous level.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	A small Reserve is maintained to cover staff redundancies and potential closure contingency.
Amount of reserves held	Para 1.22	£3662
Reasons for holding zero reserves	Para 1.22	N/a
Details of fund materially in deficit	Para 1.24	N/a
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	None at this time.

Additional information (optional)

You may choose to include further statements where relevant about:

Para 1.47 The charity’s principal sources of funds (including any fundraising)

Para 1.46 Investment policy and objectives including any social investment policy adopted Para 1.46 A description of the principal risks facing the charity Other

Structure, governance and management

Description of charity’s trusts:
Type of governing document: for example,trust deed, memorandum and articles of association etc	Para 1.25	Constitution
How is the charity constituted? for example limited company, unincorporated association, CIO	Para 1.25	Charitable Incorporated Organisation Foundation’ model
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Only voting members are its charity trustees. Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Additional information (optional) You may choose to include further statements where relevant about:

Para 1.51 Policies and procedures adopted for the induction and training of trustees The charity’s organisational Para 1.51 structure and any wider network with which the charity works

Relationship with any related Para 1.51 parties Other

Reference and administrative details

Charity name	Timebank South West
Other name the charity uses
Registered charity number	1169627
Charity’s principal address	Four Greens Community Trust 15 Whitleigh Green Whitleigh Plymouth PL54DD

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
	Jo Bowden	Chair
	Justine Cheffers	Company Secretary
	Alan Butler	Treasurer
	Ember Wolffire
	Jo Bussell
	Carole Hickling
	Tom Cox		From 27/10/2020
	Rheinallt Wyn Huws		27/10/2020 – 17/01/2022
	Gill Millar	Vice Chair	Upto 20/05/20

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	N/A
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	N/A
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	N/A

Additional information (optional)

Names and addresses of advisers (optional information)

Names and addresses of advisers (optional information)	Names and addresses of advisers (optional information)	Names and addresses of advisers (optional information)
Type of adviser Name Address
Name of chief executive or names of senior staff members (optional information)
Liza Packer

Exemptions from disclosure

Reason for non-disclosure of key personnel details

REPORT AND ACCOUNTS for the year ended 31ST MARCH. 2021 for TIMEBANK SOtFTH WEST A CHARtfABLE INCORPORATED ORGANISATION

INJEI TO THE FItWKIPl %lAIIINTS the >e 31sl kladL 2tQ1

TrMrfiANK SOUTH WEST ty*JJist 3J21 RewJrMyJ Jan LYI C• U4W T(￿C 15 WhiLknth $4S4 Paw2

31ST IA•JiW XZI O¥e" 26thW 2W11

Section B Statement of assets and liabilities at the end of the period Pèstnc Tuiwj 2s1•i/zi

CMAIIITY COMMlSSlOt4 Recei ts and ments accounts epen 0lJU4Q020 To 31103,?021 Section A Receipts and payments Unrestrictcd fvnds Re%iriclpd funds EiidowiY)ent Total funds A1 Recei Sub totallGross for A2 Asset and tt)ve%iment 5Jles Sub total A3Pa m&Y*. 735 Sub lolal Sub toial 735 P4etof re¢￿￿¢s1[￿aVrnÉ￿ts1 A5 Transfcrs between fvnds A6 Cash funds last year end ash funds ihls vearend 2E.?Lg

31S1 I1￿1. aY21 717 Pop ¢>¥d I PAVTIEMTS". anes Tax .070 T.881 Tlat 1,859 378 412 240 $2 36.biJ 874 874 1.$31

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