Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
Company number 11575853 Charity number 1182967
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Report and Financial Statements
for the year ended 31 December 2024
Breckman & Company Limited Chartered Certified Accountants 49 South Molton Street London W1K 5LH
Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Contents
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 - 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities (including Income and Expenditure Account) | 6 - 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 - 17 |
Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Reference and Administrative Details
Constitution
The charitable company is a private company limited by guarantee registered in EW - England and Wales, company number 11575853 incorporated under the Companies Act and its governing document is its Memorandum and Articles of Association. The company is a registered charity, number 1182967.
Directors and trustees
The directors of the charitable company (The Time And Tide Bell Organisation Limited) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees.
Policies and procedures adopted for the induction and training of trustees are ongoing and incorporated indirectly into the regular trustees meetings.
The trustees during the year and since the year end, were :
Alan Dix (Chair) Catherine Graham-Harrison Irene Gunston resigned 17 May 2024 Alistair Harwood Judith Knight Clare Martynski Desne Masie resigned 16 October 2024 Dr Emily Peasgood resigned 16 October 2024 Melanie Vandenbrouck resigned 30 April 2024 Libby Scarfe appointed 29 April 2025 Alister O'Loughlin appointed 29 April 2025
Secretary
Peter Gingold
Chief executive/day to day management
Peter Gingold
Independent Examiners
Breckman & Company Limited, 49 South Molton Street, London W1K 5LH.
Bankers
Unity Trust Bank, 4 Brindley Place, Birmingham B1 2JB.
Registered office and operation address
51 Hyde Vale, London SE10 8QQ.
Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Trustees' Report
The trustees present their annual report together with the financial statements of the charity for the year ended 31 December 2024 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.
The reference and administrative details set out on page 1 forms part of this report. The financial statements comply with Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and 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) and the Companies Act 2006.
Structure, Governance and Management
The Time and Tide Bell Organisation Limited (T & TB) is a Company Limited by Guarantee, and a Charity Registered with the Charity Commission, registration number 1182967. Its Governing Document is its Articles of Association, which is in standard form. Its operation is under the direction of its Board of Trustees. Trustees are also directors of the company for the purposes of Company Law as well as being members of the company.
The Articles require that there should be a minimum of three trustees; during the period in question six trustees served the charity. Their names are set out on page 1. Board meetings are held at a minimum quarterly, more frequently if required.
As set out in the Articles of Association new trustees are appointed by the existing trustees. Any trustee so appointed will hold office only until the next Annual General Meeting and will then be eligible for re-election. At each AGM one third of trustees stand down and may put themselves forward for re-election. New Trustees are provided with information on their role and responsibilities as a trustee and are given up-to-date information on the Charity. They meet the trustees to gain insights into the operation of the charity and attend a board meeting as an observer before being invited to join the meeting.
Day to day management is undertaken by the Director, Peter Gingold; reporting to him is an Education Coordinator, Juliette Heppell. Staff work part time.
Objectives and Activities
In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
The objectives for which the organisation is registered as a charity are as follows:
-
1) To advance the education of the public in the physical and natural environment and its conservation, protection and improvement by the promotion of outdoor learning and engagement with the seashores of the United Kingdom.
-
2) To promote the arts for the benefit of the public by the installation of Tide Bells as public artworks around the coast of the United Kingdom.
Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Trustees' Report
Activity can therefore be broken down into these two categories:
-
The organisation has a deep commitment to education about the natural environment, and particularly the seashore; this is in large part undertaken by the Education Coordinator, whose role is to support schools, home educators and other groups in the vicinity of bells in undertaking work on the seashore, all fitting within the national curriculum. It is also covered by a broader range of activity the organisation is undertaking, including two specific projects covered below.
-
The charity is pursuing the installation of further bells. After a very active installation period in 2023 no further bells were installed, but liaison with all the existing bells was maintained throughout the year, and work continued with the two other sites under development.
Achievements and Performance
Education/community projects
Coastal Community Matters:
This is an extension of our pilot project Coastal Connections, and after a great deal of preparation during the year we were awarded a grant by the National Lottery Heritage Fund to extend the project to virtually all our bell sites. The Autumn saw an extensive recruitment process for 'Regional Leaders' - the individuals who will be holding interviews with their neighbours and others in their communities. The large bulk of project activity will take place during 2025, and it will be wrapped up in early 2026. The results of the pilot are available on our websites.
Shore Things:
This project - piloted in 2023 was continued during the year. It focuses on structured, regular beach activity, and the pilot engaged particularly strongly with children with various forms of special needs, including attendance issues. Outcomes were remarkable, including very positive responses from children, teachers and parents/carers. Our aim remains to spread the project to all the bell locations, although resources did not permit extensive engagement during the year.
Work with bells:
Two locations continued to be problematic, for a variety of reasons. The proposed beach location of the bell in Redcar, Yorkshire was the recipient of a major local storm, which uncovered a large part of the local 'petrified forest', a 7,000 year old natural feature. From our local partner's perspective the conclusion was that the bell was unlikely get planning permission there. Further possibilities are being pursued at Saltburn, a town some miles south of Redcar. Planning challenges of a different nature have emerged at Ventnor in the Isle of Wight - the mood of the local Council has changed, and it may not be possible to install the bell there. Efforts are being renewed at Yarmouth, an earlier candidate. It may be worth pointing out that in the history of the project the period between concept and installation has varied between two and eight years; these challenges lie well within that timescale.
Other Activity in the year included:
-
Regular meetings with members of the Bell community via Zoom
-
The commissioning of photos of the bell volunteers, by professional photographer Bill Knight. These form a very valuable record of the people who have put a huge amount of work into the project on a voluntary basis. The photographic record is expressed both on the website and in a calendar provided to all those involved in the project.
Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Trustees' Report
Financial Review
The charity holds £130,833 in restricted reserves at the 31 December 2024.
Plans For Future Periods
The organisation will continue to:
-
Promote activity consistent with its objectives.
-
Work with bells under development (currently mainly in Ventnor and Redcar) to help ensure their timely installation.
-
Work with individual bell groups to support their local activity and contribution to the project as a whole.
-
Seek to identify further funding to continue its activity. This has particular reference to the projects Shore Things and Coastal Community Matters but also has broader implications.
Small company exemptions
This report is prepared in accordance with the provisions of the Companies Act 2006 relating to small companies.
This report was approved by the Board of Trustees on 14 November 2025 and signed on its behalf by
Alan Dix (Chair) Trustee
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Independent Examiner's Report to the Trustees of The Time And Tide Bell Organisation Limited
I report on the accounts of the charity for the year ended 31 December 2024, which are set out on pages 6 to 17.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
ꞏ examine the accounts under section 145 of the 2011 Act;
ꞏ follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act; and
ꞏ state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with 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 you as 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
In connection with my examination, no matter has come to my attention
- which gives me reasonable cause to believe that in, any material respect, the requirements: ꞏ to keep accounting records in accordance with section 386 of the Companies Act 2006; and
ꞏ to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Richard Nelson FCCA Breckman & Company Limited Chartered Certified Accountants
49 South Molton Street London W1K 5LH
14 November 2025
Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 December 2024
| Restricted funds Notes £ Income and endowments from: 2 Charitable activities: Artistic activities - page 7 139,480 Total 139,480 Expenditure on: Charitable activities: Artistic activities - page 8 68,487 Total 68,487 Net movement in funds: Net income/(expenditure) 3 70,993 Reconciliation of funds: Total funds brought forward 59,840 Total funds carried forward 12 130,833 |
2024 Restricted Total funds £ £ 139,480 43,199 139,480 43,199 68,487 97,951 68,487 97,951 70,993 ) (54,752 59,840 114,592 130,833 59,840 |
2023 Total £ 43,199 43,199 97,951 97,951 ) (54,752 114,592 59,840 |
|---|---|---|
The notes on pages 11 to 17 form an integral part of these financial statements.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.
6
Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Year ended 31 December 2024
| Income from charitable activities Project specific funding Grants National Lottery Community Fund National Lottery Heritage Fund Donations Donations |
12,480 125,000 2,000 |
2024 £ 137,480 2,000 139,480 |
20,000 23,199 - |
2023 £ 43,199 - |
|---|---|---|---|---|
| 43,199 |
Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Year ended 31 December 2024
| Expenditure on charitable activities Artistic activities Direct costs Producer fees/salary costs Artistic director fees Project manager costs Film costs Artistic commissions Workshop artists / facilitators Consultancy fees Bell costs Evaluation costs Advertising/marketing Website costs Support costs - page 9 Governance costs - page 9 |
2024 £ 7,466 17,207 - 15,225 9,680 2,400 - 1,220 5,000 - 4,093 554 62,845 3,406 2,236 68,487 |
2023 £ 6,000 21,942 4,600 19,188 2,800 1,750 200 880 15,688 10,000 2,514 2,760 |
|---|---|---|
| 88,322 6,268 3,361 |
||
| 97,951 |
Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Year ended 31 December 2024
| Support and governance costs Support costs Office overheads Insurance Computer/software Administration costs Travel/transport Sundries Professional/financial Bookkeeping Legal/professional Bank charges Governance costs Board costs Accountancy/consultancy |
2024 £ 233 565 1,125 - 1,200 204 79 646 1,590 |
£ 798 1,125 1,483 3,406 2,236 5,642 |
2023 £ 226 846 3,304 209 1,378 217 88 1,849 1,512 |
£ 1,072 3,513 1,683 |
|---|---|---|---|---|
| 6,268 3,361 |
||||
| 9,629 |
Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Balance Sheet 31 December 2024
| Notes Current assets Debtors 8 Cash at bank and in hand Liabilities Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities The funds of the charity Restricted funds 12 Total charity funds |
2024 £ 2,168 153,343 155,511 ) (24,678 |
£ 130,833 130,833 130,833 130,833 |
2023 £ 5,073 63,728 68,801 ) (8,961 |
£ 59,840 |
|---|---|---|---|---|
| 59,840 | ||||
| 59,840 | ||||
| 59,840 |
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
ꞏ The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
ꞏ The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees on 14 November 2025 and signed on its behalf by
Alan Dix (Chair) Trustee
The notes on pages 11 to 17 form an integral part of these financial statements.
Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Notes to the Financial Statements for the year ended 31 December 2024
1. Accounting policies
1.1. Basis of preparing the financial statements
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), and the Companies Act 2006.
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
1.2. Preparation of the accounts on a going concern basis.
The company is dependent on the continued support of grant aiding bodies. The trustees believe that the company will continue to receive this support and accordingly consider that it is appropriate to prepare the financial statements on the going concern basis.
Stock and raw materials are valued at the lower of cost and net realisable value.
1.3. Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
1.4. Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.5. Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Notes to the Financial Statements for the year ended 31 December 2024
1.6. Incoming resources
All incoming resources are included in the Statement of Financial Activities when:
-
the charity is legally entitled to the funds
-
any performance conditions attached to the income have been met or are fully within the control of the charity
-
there is sufficient certainty that receipt of the income is considered probable
-
the amount can be reliably measured
- Donations and legacies
Grants/donations are recognised in incoming resources in the year in which they are receivable, except as follows:
-
when donors specify that grants/donations given to the charity must be used in future accounting periods, the income is deferred until those periods
-
when donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the preconditions for use are met.
1.7. Expenditure
All expenditure is included on an accruals basis inclusive of any VAT which cannot be recovered and is recognised when:
-
there is a legal or constructive obligation to make a payment
-
it is probable that settlement will be required
-
the amount of the obligation can be measured reliably
- Charitable activities
Artistic activities - costs incurred in production of bells and related artistic activity during the year.
- Support costs
The administrative and overhead costs associated with running the office from which the company operates as well as governance costs. Support costs are wholly attributable to artistic activity costs.
- Governance costs
Costs associated with the constitutional and statutory requirements of the charity.
1.8. Fund accounting
Funds held by the charity are either:
-
Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
-
Restricted funds - these are funds that can only be used for particular restricted purposes within the objects 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.
Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Notes to the Financial Statements for the year ended 31 December 2024
1.9. Financial Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value, and subsequently measured at their settlement value.
1.10. Significant Accounting Estimates and Judgements
In determining the carrying amounts of certain assets and liabilities, the charity makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The charity's estimates and assumptions are based on historical experience and expectation of future events and are reviewed annually.
2. Incoming resources
The total incoming resources for the year have been derived from the principal activity undertaken wholly in the UK.
| 3. | Net income/(expenditure) for the year is | 2024 | 2023 |
|---|---|---|---|
| stated after charging: | £ | £ | |
| Independent Examiners' remuneration | |||
| - independent examination | 1,590 | 1,512 |
4. Trustees' emoluments and reimbursed expenses
The trustees received no remuneration during the period (2023 - £nil).
The aggregated amount reimbursed to trustees during the period was £180 (2023 - £1,429).
Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Notes to the Financial Statements for the year ended 31 December 2024
| 5. Staff costs and numbers Staff costs Salaries and wages Social security costs |
2024 £ 16,500 707 17,207 |
2023 £ 21,450 492 |
|---|---|---|
| 21,942 |
No employee earned £60,000 or more during the year (2023 - nil).
The key management personnel of the charity comprise the Trustees and the Senior Management Team. The total employee benefits of the key management personnel of the charity were £16,500 (2023 - £21,450).
Staff numbers
The average numbers of employees (including casual and part time staff) during the year was made up as follows:
| 2024 | 2023 | |||
|---|---|---|---|---|
| Number | Number | |||
| Production | 1 | 1 |
6. Corporation taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
| 8. | Debtors | 2024 | 2023 |
|---|---|---|---|
| £ | £ | ||
| Prepayments and accrued income | 2,168 | 5,073 |
Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Notes to the Financial Statements for the year ended 31 December 2024
| 9. Creditors: amounts falling due 2024 within one year £ Trade creditors 427 Other taxation/social security 268 Other creditors - Accruals 13,983 Deferred income (note 10) 10,000 24,678 10. Deferred income Amount deferred in the year Balance at 31 December 2024 Deferred income relates to charitable activities income received in advance. |
2023 £ 531 889 1,029 6,512 - |
|---|---|
| 8,961 | |
| £ 10,000 |
|
| 10,000 | |
11. Limited by guarantee
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum, not exceeding £1, to the company should it be wound up. At 31 December 2024 there were 5 members.
Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Notes to the Financial Statements for the year ended 31 December 2024
12. Restricted funds
| Restricted funds Time and Tide Bell national project Coastal Community Matters Evaluation |
Brought Incoming Outgoing forward resources resources £ £ £ 52,374 2,000 ) (38,117 7,466 125,000 ) (17,890 - 12,480 ) (12,480 59,840 139,480 ) (68,487 |
Carried forward £ 16,257 114,576 - |
|---|---|---|
| 130,833 |
Time and Tide Bell national project
The project's aim is to steadily increase the number of Time and Tide Bells. Sounding at high tide, individually and collectively these are major public artworks. They punctuate our coastline, drawing attention to the relationship between ourselves and our challenged marine environment.
The bells are almost always located in relatively disadvantaged communities, each with their own personality and issues to which they want the bells to draw attention. Playing a role far richer than normal public art, one of their defining qualities is the way they catalyse a broad range of locally driven community activity among the groups of local volunteers linked to them. The project will vigorously support this.
Coastal Community Matters
Coastal Connections is a pilot project started during the year, supported financially by the National Lottery Heritage Fund. The pilot is taking place in Harwich and Morecambe, and is an oral history project exploring the memories of mostly older people of their experiences of the sea - both work (often fishing) and play. Younger people are also being invited to take part. The hope is that it will be possible to extend it to other bell sites.
Outputs will take the form of recordings that will be available via the T & TB website, via QR codes placed prominently in the two towns, and also in local museums. In addition, the project will develop intergenerational dialogue between schools and some of the older people engaged in the project.
Evaluation
Funds were made available from the National Lottery Community Fund to complete a short video, as part of the evaluation of the project they had funded.
Docusign Envelope ID: C34646C6-4615-48DC-85B3-D2C948D49B9D
The Time And Tide Bell Organisation Limited
(Limited by Guarantee)
Notes to the Financial Statements for the year ended 31 December 2024
13. Analysis of net assets between funds
| Analysis of net assets between funds | |
|---|---|
| Restricted funds £ Fund balances at 31 December 2024 are represented by: Net current assets 130,833 130,833 |
Total £ 130,833 |
| 130,833 |
14. Related party transactions
During the year there were no related party transactions that require disclosure.