Docusign Envelope ID: 7154CE5B-6542-45E4-9A2C-C93DEB9225A4 **Registered number: 11657103 Charity number: 1189328** ## **UK TIME'S UP** **(A company limited by guarantee)** ## **Unaudited** **Trustees' report and financial statements** **for the year ended 31 March 2024** Docusign Envelope ID: 7154CE5B-6542-45E4-9A2C-C93DEB9225A4 ## **UK TIME'S UP** ## **(A company limited by guarantee)** ## **Contents** ||Page| |---|---| |**Reference and administrative details of the Charitable Company, its Trustees**|1| |**and advisers**|| |**Trustees' report**|2-4| |**Independent examiner's report**|5| |**Statement of financial activities**|6| |**Balance sheet**|7| |**Notes to the financial statements**|8 - 14| Docusign Envelope ID: 7154CE5B-6542-45E4-9A2C-C93DEB9225A4 ## **UK TIME'S UP (A company limited by guarantee)** ## **Reference and administrative details of the Charitable Company, its Trustees and advisers for the year ended 31 March 2024** **Trustees** Dame Heather Victoria Rabbatts DBE, Chair Barbara Broccoli Jennifer Jane Blair Casarotto (died 29 February 2024) Kate September Buckley-Sharma Adedigba Amanda Rawcliffe Joanna Cosgrove **Company registered number** 11657103 **Charity registered number** 1189328 **Registered office** 22 Wycombe End Beaconsfield Buckinghamshire HP9 1NB **Accountants** CLA Evelyn Partners Limited 22 Wycombe End Beaconsfield Buckinghamshire HP9 1NB **Bankers** Coutts 440 The Strand London WC2R 0QS Page 1 Docusign Envelope ID: 7154CE5B-6542-45E4-9A2C-C93DEB9225A4 ## **UK TIME'S UP (A company limited by guarantee)** ## **Trustees' report for the year ended 31 March 2024** The Trustees present their annual report together with the financial statements of UK Time's Up for the period 1 April 2023 to 31 March 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the Charitable Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. ## **Objectives and activities** ## **a. Policies and objectives** The objects of the Company are the promotion of equality and diversity for the public benefit by: - (a) working for the elimination of discrimination in the workplace; - (b) advancing education and raising awareness in equality and diversity; - (c) cultivating a sense of favour and equality and diversity in such ways as the trustees think fit. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **b. Strategies for achieving objectives** **1. Advocacy** – we partner with women’s organisations and industry bodies working on the frontline and use our platform to nurture and champion their work. **2. Education** – we raise awareness about sexual harassment in schools, in the workplace, and since the pandemic, at home, working in collaboration with charities and movements, for example The Fawcett Society, The Film & TV Charity and others. **3. Media & communications** – we identify opportunities to place news, opinion, features about sexual harassment. ## **c. Activities undertaken to achieve objectives** ## **Creative Industries Independent Standards Authority** The charity has been the driving force in the establishment of the Creative Industries Independent Standards Authority (CIISA). The body has been established to uphold and improve standards of behaviour across the creative industries, including preventing and tackling all forms of bullying and harassment of a discriminatory nature. To support CIISA’s launch in March 2024 it sought to appoint the Chair and first four members of the new Finance Board. **www.ciisa.org.uk** ## **Black Equity** We are now elevating our voice in support of Black Equity, and in particular campaigning against misogynoir, the racism that Black women in particular face. This year we started our focus on Black equity in film, working with our friends at The British Blacklist, BFI and others to celebrate Black women in film at Cannes. We also collaborated with The Diverse Squad, ITV and others working to improve the on-set hair and make-up experience for Black actors. In 2021 the Sir Lenny Henry Media Centre for Media Diversity published a report, Actors’ Experience of Race and Racism in Britain’s Audition and Casting Process and On Set, which stated 71% of respondents had experienced hair or make-up artists who lacked the knowledge to work with them on an equal basis to their white co-workers. We are focused on working to change this. Page 2 Docusign Envelope ID: 7154CE5B-6542-45E4-9A2C-C93DEB9225A4 ## **UK TIME'S UP (A company limited by guarantee)** ## **Trustees' report for the year ended 31 March 2024** ## **UK TIME’S UP Platforms:** 1. Instagram – c12K followers 2. X (formerly known as Twitter) – c5K followers 3. Website 4. Newsletter – monthly newsletter ## **d. Main activities undertaken to further the Charitable Company's purposes for the public benefit** In addition to the activities undertaken to achieve objectives set out above, UK Time’s Up continued to support the campaign by Can’t Buy My Silence against misuse of non-disclosure agreements. We launched our partnership with 16 Days 16 Films, a short film festival with support from UN Women, Geena Davis Institute, UK Says No More, Voice of Change and TIME’S UP UK in association with the DDA Group 16 Days 16 Films, shines a light on female filmmakers and gender-based violence, this is its seventh edition, expanding into new global territories. We continued our partnership with the BFI and British Blacklist to celebrate and champion black women in film. We continue to amplify the work of our partners and friends who have shared missions with comms support via our platforms. ## **Achievements and performance** ## **a. Main achievements of the Charitable Company** The main achievement of UK Time’s Up in the year ended 31 March 2024 is the continued progress made with consultations on the creation of CIISA which has now moved forward in a separate entity with its own management team. We are also proud of the work we do in partnership with other organisations as set out in the activities undertaken above and also this year launching our new campaign to ensure equity in the onset hair and makeup experience of black and global majority actors. ## **Financial review** ## **a. Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Charitable Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **b. Reserves policy** The trustees have established the level of reserves (that is those funds that are freely available) that the charity should have. The trustees keep the level of overhead spending to a minimum and consider it necessary to have a relatively low level of reserves. The trustees consider the minimum level of reserves at 31 March 2024 would be £10,000. The actual free level of reserves were £122,523 (2023: £166,116) all of which were held for an unrestricted purpose. ## **c. Financial results & review** The Charity funds are collected from donations. Page 3 Docusign Envelope ID: 7154CE5B-6542-45E4-9A2C-C93DEB9225A4 ## **UK TIME'S UP (A company limited by guarantee)** ## **Trustees' report for the year ended 31 March 2024** Total income for the year was £35,825 (2023: £247,534). Total expenditure for the year was £79,418 (2023: £116,476). The Charity ended with a deficit for the year of £43,593 (2023: £131,058 surplus). ## **Structure, governance and management** ## **a. Constitution** UK Time's Up is registered as a charitable company limited by guarantee and was set up by a Trust deed. The company was registered as a charity with the Charity Commission in 2020 having previously been operating as a company limited by guarantee. ## **b. Methods of appointment or election of Trustees** The management of the Charitable Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. ## **Statement of Trustees' responsibilities** The Trustees (who are also the directors of the Charitable Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charitable Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charitable Company will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charitable Company's transactions and disclose with reasonable accuracy at any time the financial position of the Charitable Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by: ## **Dame Heather Victoria Rabbatts DBE** Trustee Date: 18/12/2024 Page 4 Docusign Envelope ID: 7154CE5B-6542-45E4-9A2C-C93DEB9225A4 ## **UK TIME'S UP (A company limited by guarantee)** ## **Independent examiner's report for the year ended 31 March 2024** ## **Independent examiner's report to the Trustees of UK Time's Up ('the Charitable Company')** I report to the charity Trustees on my examination of the accounts of the Charitable Company for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the Trustees of the Charitable Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Charitable Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charitable Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). 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: 1. accounting records were not kept in respect of the Charitable Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or 4. 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. This report is made solely to the Charitable Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charitable Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charitable Company and the Charitable Company's Trustees as a body, for my work or for this report. Signed: Dated: 20/12/2024 Keir Singleton CLA Evelyn Partners Limited 22 Wycombe End Beaconsfield Buckinghamshire HP9 1NB Page 5 Docusign Envelope ID: 7154CE5B-6542-45E4-9A2C-C93DEB9225A4 ## **UK TIME'S UP** ## **(A company limited by guarantee)** ## **Statement of financial activities (incorporating income and expenditure account) for the year ended 31 March 2024** |Note
**Restricted**
**funds**
**2024**
**£**
**Income from:**
Donations and legacies
3
**5,000**
Interest received
**5,000**
**Expenditure on:**
Charitable activities
4
**5,000**
**Total expenditure**
**5,000**
**Net movement in funds**
**-**
**Reconciliation of funds**
**Total funds brought forward**
**-**
**Net movement in funds**
**-**
**Total funds carried forward**
**-**|**Unrestricted**
**funds**
**2024**
**£**
**34,208**
**1,617**
**35,825**
**79,418**
**79,418**
**(43,593)**
**166,116**
**(43,593)**
**122,523**|**Total funds**
**2024**
**£**
**39,208**
**1,617**
**40,825**
**84,418**
**84,418**
**(43,593)**
**166,116**
**(43,593)**
**122,523**|_Total funds 2023_
£
_246,921_
_613_| |---|---|---|---| ||||_247,534_| ||||_116,476_| ||||_116,476_| ||||| ||||_131,058_| ||||_35,058_
_131,058_| ||||_166,116_| The statement of financial activities includes all gains and losses recognised in the year. The notes on pages 8 to 14 form part of these financial statements. Page 6 Docusign Envelope ID: 7154CE5B-6542-45E4-9A2C-C93DEB9225A4 ## **UK TIME'S UP (A company limited by guarantee) Registered number: 11657103** ## **Balance sheet as at 31 March 2024** |**Note**
**2024**
**£**
**Current assets**
Debtors
8
**53,975**
Cash at bank and in hand
**74,309**
**128,284**
Creditors: amounts falling due within one
year
9
**(5,761)**
**Net current assets**
**122,523**
**Total net assets**
**122,523**
**Charity funds**
Unrestricted funds
11
**122,523**
**Total funds**
**122,523**|_2023_
_£_
_-_
_218,806_
_218,806_
_(52,690)_
_166,116_
_166,116_
_166,116_
_166,116_| |---|---| The Charitable Company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: **Dame Heather Victoria Rabbatts DBE** Trustee Date: 18/12/2024 The notes on pages 8 to 14 form part of these financial statements. Page 7 Docusign Envelope ID: 7154CE5B-6542-45E4-9A2C-C93DEB9225A4 **(A company limited by guarantee)** ## **UK TIME'S UP** ## **Notes to the financial statements for the year ended 31 March 2024** ## **1. General information** UK Time's Up is a charitable incorporated organisation registered in England and Wales. The registered office is 22 Wycombe End, Beaconsfield, Buckinghamshire, HP9 1NB. The principal activity of the organisation is to insist on safe, fair and dignified work for women of all kinds in line with the charitable objectives as set out in the Trustees Report. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. UK Time's Up 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. ## **2.2 Income** All income is recognised once the Charitable Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. ## **2.3 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on raising funds includes all expenditure incurred by the Charitable Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and noncharitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charitable Company's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. ## **2.4 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 Page 8 Docusign Envelope ID: 7154CE5B-6542-45E4-9A2C-C93DEB9225A4 ## **UK TIME'S UP (A company limited by guarantee)** ## **Notes to the financial statements for the year ended 31 March 2024** ## **2. Accounting policies (continued)** ## **2.5 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charitable Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. ## **2.6 Financial instruments** The Charitable Company 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2.7 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charitable Company and which have not been designated for other purposes. Restricted funds are funds which have been given for a specific purpose. ## **3. Income from donations and legacies** |Donations
_Total 2023_|**Restricted**
**funds**
**2024**
£
-
-|**Unrestricted**
**funds 2024**
£
34,208
34,208|**_Total_**
**_funds_**
**_2024_**
**£**
**34,208**
**_34,208_**|Total funds
2023
_£_
_246,921_| |---|---|---|---|---| |||||_246,921_| Page 9 Docusign Envelope ID: 7154CE5B-6542-45E4-9A2C-C93DEB9225A4 ## **UK TIME'S UP (A company limited by guarantee)** ## **Notes to the financial statements for the year ended 31 March 2024** ## **4. Analysis of expenditure on charitable activities** ## **Summary by fund type** |**Analysis of expenditure by activities**
**Activities**
**undertaken**
**directly**
**2024**
**£**
Direct costs
72,213
**Analysis of activities undertaken directly**
Restricted
Funds
2024
Public relations and communications
-
**Restricted**
**funds 2024**
£
Direct costs
-||**Support**
**costs**
**2024**
**£**
7,205
General
Funds
2024
£
72,213
**Unrestricted**
**funds 2024**
£
79,418|**Total**
**funds**
_Total funds_
**2024**
**£**
_2023_
_£_
**79,418**
_116,476_
Total
funds
Total funds
2024
£
_2023_
_£_
72,213
_111,295_
**_Total_**
**_funds_**
**_2024_**
Total
funds
2023
**£**
_£_
**79,418**
_116,476_| |---|---|---|---| ||||| ## **5. Analysis of expenditure by activities** Page 10 Docusign Envelope ID: 7154CE5B-6542-45E4-9A2C-C93DEB9225A4 ## **UK TIME'S UP** ## **(A company limited by guarantee)** ## **Notes to the financial statements for the year ended 31 March 2024** ## **5. Analysis of expenditure by activities (continued)** ## **Analysis of support costs** |Computer
Bank Charges
Other Costs
Governance costs|**Total**
**funds**
**2024**
**£**
**185**
**509**
**3,834**
**2,677**
**7,205**|**Total**
**funds**
**2024**
**£**
**35**
**382**
**384**
**4,380**
**5,181**|Total
funds
2023
£
35
382
384
4,380| |---|---|---|---| ||||_5,181_| ## **6. Independent examiner's remuneration** |**Independent examiner's remuneration**||| |---|---|---| ||2024|2023| ||£|£| |Fees payable to the Charitable Company's independent|3,900|3,420| |examiner for the independent examination of the Charitable||| |Company's annual accounts||| |Fees payable to the Charitable Company's independent||| |examiner in respect of:||| |All other services not included above|600|600| ## **7. Trustees' remuneration and expenses** |During the year and the comparative year, no Trustees received
or other benefits, and no trustee expenses were incurred.
**8.**
**Debtors**
Amounts due from connected entity|any remuneration
2024
£
2023
£
53,975
-
**53,975**
-| |---|---| Page 11 Docusign Envelope ID: 7154CE5B-6542-45E4-9A2C-C93DEB9225A4 ## **UK TIME'S UP** ## **(A company limited by guarantee)** ## **Notes to the financial statements for the year ended 31 March 2024** |**9.**
**Creditors: Amounts falling due within one year**
2024
£
Accruals and deferred income
5,761
Amounts due from connected entity
-
5,761
**10.**
**Financial instruments**
**Financial assets**
Financial assets measured at fair value through income and expenditure|_2023_
_£_
_11,959_
_40,731_
_52,690_
**2024**
_2023_
**£**
_£_
**74,310**
_218,806_| |---|---| Page 12 Docusign Envelope ID: 7154CE5B-6542-45E4-9A2C-C93DEB9225A4 ## **UK TIME'S UP** ## **(A company limited by guarantee)** ## **Notes to the financial statements for the year ended 31 March 2024** ## **11. Statement of funds** **Statement of funds - current year** |**Restricted Funds**
CIISA
**Unrestricted funds**
General funds
Total Funds
_Statement of funds – prior year_
**Restricted Funds**
CIISA
**Unrestricted funds**
General funds
Total Funds|Balance at 1
April 2023
£
-
166,116
166,116
Balance at 1
April 2022
£
_-_
35,058
35,058|Income
£
-
5,000
35,825

40,825
Income
£
_26,000_
221,534
247,534|Expenditure
£
-
(5,000)
(79,418)
(84,418)
Expenditure
£
_(26,000)_
(90,476)
(116,476)|Balance at 31
March 2024
£
-
122,523
122,523
Balance at 31
March 2023
£
_-_
166,116
116,116| |---|---|---|---|---| ## **Restricted funds** The CIISA restricted funds represents income and expenditure received by this charity facilitate the establishment of the Creative Industries Independent Standard Authority. Page 13 Docusign Envelope ID: 7154CE5B-6542-45E4-9A2C-C93DEB9225A4 ## **UK TIME'S UP** ## **(A company limited by guarantee)** ## **Notes to the financial statements for the year ended 31 March 2024** ## **12. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |Current Assets
Creditors due within one year
Total|Total Funds
2024
£
74,310
48,214| |---|---| ||122,524| ## **Analysis of net assets between funds - prior year** |Current Assets
Creditors due within one year
Total|Unrestricted
funds 2023
£
218,806
(52,690)
166,116|Total Funds
2023
£
43,778
(8,720)
35,058| |---|---|---| ## **13. Related party transactions** During the year there were donations paid on behalf of E-On Productions Limited of £32,898 (2023 - £219,112), a related party of B Broccoli, a trustee of the charity. There were no restrictions upon this income. During the prior year The Creative Industries ISA (CIISA) was set up as a company limited by guarantee. Dame Heather Victoria Rabbatts who is a Trustee of this charity, was also a director of CIISA during the year, although she has now resigned. At the start of the year the charity held £40,731 of funds which had been collected in a restricted fund for start up costs for the project. The charity also loaned a further £53,975 to support the company in its start up phase with the agreement that this will be repaid on a monthly basis from January 2025. Page 14