It’s Time
Trustees’ Annual Report
For the year 1st January 2023 to 31[st] December 2023.
Registered charity number: 1193103
Principal address: It’s Time, 124 City Road, London, EC1V 2NX
Objectives and Activities
Relief of individuals aged 16-30 living in England and Wales who have suffered the death of a parent or parents.
Activities for the public benefit include:
-
Facilitation of peer-to-peer support groups.
-
The creation of original grief support content, including personal stories, life experience and advice from our trustees and wider community.
-
Creating new and sharing existing educational resources.
-
Establishing a supportive and empathetic community.
-
Advocacy and raising awareness for our cause.
-
Signposting to grief support services.
-
Wellness sessions.
-
Educating organisations and education establishments on the topics of grief and the loss of one or both parents
-
Fundraising event and activities.
Achievements and Performance
It’s Time had a successful third year of operations, with a focus on launching new services, expanding our workforce and enhancing our capabilities.
Our team doubled to two full time staff members, as we took on an Operations and Fundraising Manager in May 2023 and a Social Media/Online Community Executive in September 2023. We also welcomed two new board members and a host of volunteers across a variety of roles, including several interns.
The online community forum continued to grow, hitting 100 members by September 2023. We also launched our Tik Tok channel and a blog, both of which have been well received and continue to guide more service users to the charity alongside our existing LinkedIn and Instagram content and support.
In the spring we launched our online peer support service featuring our monthly “Meet n Grief” sessions as well as a series of online wellness events in the autumn, with our first in person event held in September 2023 in Waterstones, London. Feedback from attendees and service users has been amazing and included:
“Thank you so, so, so much. I have been struggling and this has given me the boost I needed”
“I was really nervous before joining but I felt very comfortable and supported in the session, everyone was so nice and friendly”
“Getting to hear the experiences of others going through the same thing who understand and just getting to see that you're not alone felt comforting.
Forthcoming plans
It’s Time will continue our mission to develop innovative resources and techniques with a tailored approach to supporting young people (16-30) who have experienced the loss of a parent or parents. Furthermore, helping their family, friends, educational establishments, and employers to best support their needs.
Plans for 2024 include the launch of a Community Advisory Panel, featuring 16–30-yearolds, from a breadth of backgrounds, with lived experience of parental loss. The purpose of the panel is to feed in new insights and to co-create new services and activities that supports It’s Time to ensure we remain accessible, encourage continuous growth and improvement. Broadening inputs into our services aim to ensure we are meeting the unique demands of our beneficiaries and broader community.
We are also planning to expand the peer support services with more in person events, launching in London and expanding across the UK depending on demand and needs of each community.
Plans are in motion to launch our group therapy service in January 2024, offering free online psychotherapy for members of our community, run by our Clinical Lead, psychotherapist Mandy Gosling. An advertising campaign run in December 2023 identified that demand for this service far exceeded the number of places available.
Feedback has shown that alongside our mental health and peer support young adults who have lost a parent also need practical guidance, so we are developing blogs and information sources such as an accessible guide to “death admin” as well as a series of inspiring lived experience case studies.
Finally, we will be on hand to cheer on our teams of runners in the London Landmarks Half marathon, London Marathon, and Madrid Marathon.
Financial Review
For the period ending 31 December 2023, the charity received total income of £49,228 The total expenditure incurred amounted to £58,351, resulting in a net loss for the period of £9,122.
With the expansion of our workforce to include two full time staff, as well as a push to increase our service output, expenditure increased significantly and as is the primary driver behind the small loss reported for the period. Enhanced fundraising activities are planned for 2024.
The charity’s principal sources of funds were community fundraising, events, individual donations, corporate donations, and small grants.
Donations were predominantly collected via JustGiving, which handled all additional Gift Aid contributions, with some direct donations made to the It’s Time Current Account.
Reserve Policy
It’s Time does not currently hold any dedicated reserves.
However, the first three years of operations have provided an indication of the appropriate level of reserves required to sustain operations and charitable activities moving forward. Reserves may be set accordingly in subsequent financial years, to cover between up to three-months fixed costs, to be agreed at the September 2024 AGM.
Fundraising Review
We are enormously grateful to all of our fundraisers, supporters, and volunteers for the incredible work that they do to enable It’s Time to continue to offer free support, information and a community for 16-30-year-olds who have lost a parent/s.
With the push on launching various platforms and expanding our team and service offering, 2023 saw a reduced number of dedicated fundraising events organised by It’s Time. However, the year featured standout events and achievements from our supporters and Trustees, including five runners who took part in the London Landmarks Half Marathon. Fundraising efforts also included our ‘walk in memory’ event and participants in the London Marathon, triathlons, and other running events.
Structure, Governance and Management
The trustees have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission.
It’s Time maintains and complies with a thorough safeguarding policy, as well as the fundraising code of practice and relevant standards.
We ensure that all trustees, employees, interns, volunteers, and third-party supplies are aware of and adhere to these policies, to protect vulnerable people, our community, supporters, and the reputation of our charity.
It’s Time operates as a CIO and is controlled by its constitution governing document. The trustees will continue to maintain governance standards in order to improve transparency and accountability.
The trustees who served during the year and/or up to the date of signature of the financial statements were:
David Jacob-Lloyd (Chair) Aaron Feighoney (Treasurer) David Fagan (Fundraising Strategy) Oliver Kriskinans (Marketing, Social Media) Jade Lorimer (Recruitment) Harry Finch (Project Management) Nia Elizabeth Roberts (Digital Lead) Mikhail Sinyakin (Research and Policy) Charlotte Hughes (Digital Marketing)
Expert Advisors
Strategy: Anurag Bhalla Clinical Lead: Mandy Gosling
Appointment of 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.
Declarations
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
| Signature(s) Full name(s) Position Date |
||
|---|---|---|
| Chair | Treasurer | |
| 15/10/2024 | 15/10/2024 |
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It's Time CIO Charity No 1193103
Company No CE024605
Annual accounts for the period
Period end
Period start date To
01/01/2023 date 31/12/2023
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Section A Statement of financial activities (including summary income and expenditure account)
| Guidance Note S01 S02 S03 S04 S05 S06 S07 Expenditure (Notes 6) Expenditure on: S08 S09 S10 S11 S12 S13 Tax payable S14 S15 Net gains/(losses) on investments S16 S17 Extraordinary items S18 S19 S20 Other gains/(losses) S21 S22 Reconciliation of funds: S23 S24 Total funds carried forward Total Net income/(expenditure) after tax before investment gains/(losses) Net income/(expenditure) Transfers between funds Charitable activities Total funds brought forward Gains and losses on revaluation of fixed assets for the charity’s own use Charitable activities - administration Charitable activities - staff costs Donations and legacies Total Recommended categories by activity Income (Note 3) Income and endowments from: Investments Grant Income Net movement in funds Other recognised gains/(losses): Net income/(expenditure) before tax for the reporting period Raising funds Separate material item of income Other Other |
Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03 39,030 - - - - - 5,099 5,099 - - - - - - - - - - |
Total funds Prior year funds £ £ F04 F05 |
|---|---|---|
| 39,030 71,964 - - 10,198 - - - - - - - |
||
| 44,129 5,099 - |
49,228 71,964 |
|
| 1,626 - - 4,939 - - 46,687 5,099 - - - |
||
| 1,626 1,172 4,939 4,007 51,786 13,139 - - |
||
| 53,252 5,099 - |
58,351 18,318 |
|
| 9,122 - - - |
9,122 - 53,646 |
|
| - - - |
- - |
|
| 9,122 - - - |
9,122 - 53,646 |
|
| - - - |
- - |
|
| 9,122 - - - |
9,122 - 53,646 |
|
| - - - - - - - - - - - - |
- - - |
|
| - - - - |
||
| 9,122 - - - |
9,122 - 53,646 |
|
| 82,258 - - |
82,258 28,612 |
|
| 73,136 - - |
73,136 82,258 |
Charity No 1193103 Company No CE024605
It's Time CIO
Section B Balance sheet
| Section B Balance | sheet | |||
|---|---|---|---|---|
| Guidance Note Fixed assets Intangible assets (Note 15) B01 Tangible assets (Note 14) B02 Heritage assets (Note 16) B03 Investments (Note 17) B04 Total fixed assets B05 Current assets Stocks (Note 18) B06 Debtors (Note 19) B07 Investments (Note 17.4) B08 Cash at bank and in hand (Note 24) B09 Total current assets B10 Creditors: amounts falling due within one year (Note 20) B11 Net current assets/(liabilities) B12 Total assets less current liabilities B13 Creditors: amounts falling due after one year (Note 20) B14 Provisions for liabilities B15 Total net assets or liabilities B16 Funds of the Charity Endowment funds (Note 27) B17 Restricted income funds (Note 27) B18 Unrestricted funds B19 Revaluation reserve B20 Fair value reserve B21 Total funds B22 |
Unrestricted funds £ F01 - - - - |
Restricted income funds £ F02 - - - - |
Endowment funds Total this year £ £ F03 F04 - - - - - - - - |
Total last year £ F05 |
| - - - - |
||||
| - | - | - - | - | |
| - 5,099 - 72,709 |
- - - - |
- - - 5,099 - - - 72,709 |
||
| - - - 83,499 |
||||
| 77,808 | - | - 77,808 | 83,499 | |
| 1,241 | ||||
| 4,673 | - | - 4,673 | ||
| 73,135 | - | - 73,135 | 82,258 | |
| 73,135 | - | -73,135 | 82,258 | |
| - - |
||||
| - - |
- - |
- - - - |
||
| 73,135 | - | - 73,135 | 82,258 | |
| - 73,135 |
- | - - - 73,135 - |
- - 82,258 |
|
| 73,135 | - | - 73,135 | 82,258 |
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
| Signature of director authenticating accounts being sent to Companies House Signed by one or two trustees/directors on behalf of all the trustees/directors |
Date of approval dd/mm/yyyy Date dd/mm/yyyy Print name Signature Print Name Aaron Feighoney David Jacob-Lloyd 15/10/2024 15/10/2024 |
|---|---|
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Section C Notes to the accounts
Note 1 Basis of preparation
This section should be completed by all charities . 1.1 Basis of accounting These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities • and with preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.*
- -Tick as appropriate
1.2 Going concern If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:
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An explanation as to those factors that support not applicable
the conclusion that the charity is a going
concern;
Disclosure of any uncertainties that make the not applicable
going concern assumption doubtful;
Where accounts are not prepared on a going not applicable
concern basis, please disclose this fact
together with the basis on which the trustees
prepared the accounts and the reason why the
charity is not regarded as a going concern.
1.3 Change of accounting policy
The accounts present a true and fair view and no changes have been made to the accounting policies adopted in
note { }.
Yes
-Tick as appropriate
No
Please disclose:
(i) the nature of the change in accounting policy; not applicable
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information;
and
(iii) the amount of the adjustment for each line affected
in the current period, each prior period presented and
the aggregate amount of the adjustment relating to
periods before those presented, 3.44 FRS102 SORP.
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).
Yes
-Tick as appropriate
No
Please disclose:
(i) the nature of any changes;
(ii) the effect of the change on income and expense or
assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one or
more future periods.
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| Yes No No material prior 1.5 Material pri Please disclose (i) the nature of (ii) for each pri amount of the c affected; and (iii) the amount earliest prior pe |
year erro or year er |
r have been identified in the reporting period (3.47 FRS102 SORP). rors |
|---|---|---|
| |
* -Tick as appropriate |
|
| : the prior or period orrection of the co riod pres |
period error; presented in the accounts, the for each account line item rrection at the beginning of the ented in the accounts. |
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Section C Notes to the accounts (cont)
Note 2 Accounting policies
This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.
2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE
Please provide a description of the nature of each change in accounting policy
Reconciliation of funds per previous GAAP to funds determined under FRS 102
Start of End of period period £ £
Fund balances as previously stated Adjustments:
Fund balance as restated
Reconciliation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102
End of £ Net income/(expenditure) as previously stated Adjustments:
Previous period net income/(expenditure) as restated
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Section C Notes to the accounts (cont)
Note 2 Accounting policies
2.2 INCOME
Recognition of income These are included in the Statement of Financial Activities (SoFA) when: the charity becomes entitled to the resources;it is more likely than not that the trustees will receive the resources;the monetary value can be measured with sufficient reliability. Yes No N/a
Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Yes No N/a
Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). Yes No N/a
In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Yes No N/a
Legacies are included in the SOFA when receipt is probable, that is, when there has
Legacies been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Yes No N/a
Government grants The charity has received government grants in the reporting period Yes No N/a
Gift Aid receivable is included in income when there is a valid declaration from the
Tax reclaims on donations and gifts donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Yes No N/a
Contractual income and performance related grants This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Yes No N/a
Donated goods Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. Yes No N/a
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on Yes No N/a
receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance Yes No N/a
sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets Yes No N/a
and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Yes No N/a
Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Yes No N/a
Donated services and facilities that are consumed immediately are recognised as Yes No N/a
income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
Support costs The charity has incurred expenditure on support costs. Yes No N/a
Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Yes No N/a
Income from interest, This is included in the accounts when receipt is probable and the amount receivable can Yes No N/a
royalties and dividends be measured reliably.
Income from membership Membership subscriptions received in the nature of a gift are recognised in Donations Yes No N/a
subscriptions and Legacies.
Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Yes No N/a
Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. Yes No N/a
Investment gains and losses This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Yes No N/a
2.3 EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Yes No N/a
Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Yes No N/a
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Yes No N/a
Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the Yes No N/a
recipient of the grant has provided the specified service or output.
Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. Yes No N/a
Redundancy cost The charity made no redundancy payments during the reporting period. Yes No N/a
Deferred income No material item of deferred income has been included in the accounts. Yes No N/a
Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Yes No N/a
Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Yes No N/a
Basic financial instruments The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Yes No N/a
2.4 ASSETS
Tangible fixed assets for These are capitalised if they can be used for more than one year, and cost at least
use by charity They are valued at cost. Yes No N/a
The depreciation rates and methods used are disclosed in note 14.
Intangible fixed assets The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody Yes No N/a
or legal rights. The amortisation rates and methods used are disclosed in note 15.
They are valued at cost. Yes No N/a
Heritage assets The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 16. Yes No N/a
Yes No N/a
They are valued at cost.
Fixed asset investments in quoted shares, traded bonds and similar investments are
Investments valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Yes No N/a
Investments held for resale or pending their sale and cash and cash equivalents with a Yes No N/a
maturity date of less than 1 year are treated as current asset investments
Stocks and work in progress Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Yes No N/a
Goods or services provided as part of a charitable activity are measured at net Yes No N/a
realisable value based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Yes No N/a
Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Yes No N/a
Current asset investments The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity of loss than one year held for investment purposes rather than to meet short-term cash commitments as they fall due. Yes No N/a
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments.
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE
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Section C Notes to the accounts (cont)
Note 3 Income
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Restricted
Unrestricted income Endowment
Analysis of income funds funds funds Total funds Prior year
£ £
Donations Donations and gifts 71,964 - - 71,964 29,064
and legacies: Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities - - - - 500
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donated goods, facilities and services - - - - -
Other - - - -
Total 71,964 - - 71,964 29,564
Charitable
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Other trading
activities: - - - - -
- - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income - - - - -
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - - -
Separate - - - - -
material item - - - - -
of income - - - - -
- - - - -
Total - - - - -
Other: Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 71,964 - - 71,964 29,564
Other information:
All income in the prior year was unrestricted except for:
(please provide description and amounts)
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Where any endowment fund is converted into income in the
prior period, please give the reason for the conversion.
Within the income items above the following items are
material: (please disclose the nature, amount and any prior
year amounts)
This year: Where sums originally denominated in foreign
currency have been included in income, explain the basis on
which those sums have been translated into sterling (or the
currency in which the accounts are drawn up).
Last year: Where sums originally denominated in foreign
currency have been included in income, explain the basis on
which those sums have been translated into sterling (or the
currency in which the accounts are drawn up).
CC17a (Excel) 6
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Section C Notes to the accounts (cont)
Note 4 Analysis of receipts of government grants
| Government grant 1 Government grant 2 Government grant 3 Other Government grant 1 Government grant 2 Government grant 3 Other Please provide details of any unfulfilled conditions and other contingencies attaching to grants that have been recognised in income. Please give details of other forms of government assistance from which the charity has directly benefited. |
This year £ - - - - Total - Last year £ - - - - Total - This year This year Description Last year Last year Description |
|---|---|
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Section C Notes to the accounts (cont)
Note 5 Donated goods, facilities and services
| Use of property Other Seconded staff |
This year |
This year Last year £ £ - - - - - - |
|---|---|---|
| - - |
||
| Last year | ||
| Please provide details of the accounting policy for the recognition and valuation of donated goods, facilities and services. |
||
| Please provide details of any unfulfilled conditions and other contingencies attaching to resources from donated goods and services not recognised in income. Please give details of other forms of other donated goods and services not recognised in the accounts, eg contribution of unpaid volunteers. |
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Section C Notes to the accounts (cont)
Note 6 Expenditure
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This year Last year
Restricted Restricted
Unrestricted income Endowmen Unrestricted income Endowment
Analysis funds funds t funds Total funds funds funds funds Total funds
Expenditure on raising funds: £ £
Incurred seeking donations - - - - - - - -
Incurred seeking legacies - - - - - - - -
Incurred seeking grants - - - - - - - -
Operating membership schemes and social
lotteries - - - - - - - -
Staging fundraising events 1,626 - - 1,626 1,172 - - 1,172
Fudraising agents - - - - - - - -
Operating charity shops - - - - - - - -
Operating a trading company undertaking
non-charitable trading activity - - - - - - - -
Advertising, marketing, direct mail and
publicity 1,010 - - 1,010 1,948 - - 1,948
Start up costs incurred in generating new
source of future income - - - - - - - -
Database development costs 1,174 - - 1,174 1,063 - - 1,063
Other trading activities - - - - - - - -
Investment management costs: - - - - - - - -
Portfolio management costs - - - - - - - -
Cost of obtaining investment advice
- - - - - - - -
Investment administration costs
- - - - - - - -
Intellectual property licencing costs
- - - - - - - -
Rent collection, property repairs and
maintenance charges - - - - - - - -
- - - - - - - -
Total expenditure on raising funds 3,810 - - 3,810 4,183 - - 4,183
Expenditure on charitable activities:
Consultancy Fees - - - - - - - -
Accountancy 325 - - 325 300 - - 300
Office Costs 1,862 - - 1,862 348 - - 348
Staff Costs 51,774 51,774 12,944
Staff Training 12 12 195
Business
Entertaining & 330 330 181
Insurance
238 - - 238 167 - - 167
Total expenditure on charitable activities Cross
54,541 - - 54,541 14,135 - - add error
Separate material item of expense
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total - - - - - - - -
Other
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total other expenditure - - - - - - - -
TOTAL EXPENDITURE 58,351 - - 58,351 18,318 - - #VALUE!
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Other information:
| Analysis of expenditure on charitable acti Total Activity or programme Activity 1 Activity 2 Other |
vities Activities undertaken directly Grant funding of activities Support Costs Total this year Activities undertaken directly Grant funding of activities Support Costs Total last year £ £ £ £ £ £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - This year Last year |
|---|---|
This year: Where sums originally denominated in foreign currency have been included in expenditure, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).
Last year: Where sums originally denominated in foreign currency have been included in expenditure, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).
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Section C Notes to the accounts (cont)
Note 7 Extraordinary items
Please explain the nature of each extraordinary item occurring in the period.
| Extraordinary item 1 Extraordinary item 2 Extraordinary item 3 Extraordinary item 4 Total extraordinary items Description |
Description | This year Last year £ £ - - - - - - - - - - |
|---|---|---|
| - - |
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Section C Notes to the accounts
Note 8 Funds received as agent
8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.
----- Start of picture text -----
Amount received Amount paid out Balance held at period end
Description/name of party Related
party (Yes This year Last year This year Last year This year Last year
or No) £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Total - - - - - -
8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the
purchase of goods or services, please disclose details of any balances outstanding between any participating members.
Description/name of party
Balance held at period end
This year Last year
£ £
- -
- -
- -
- -
- -
Total - -
----- End of picture text -----
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Section C Notes to the accounts
Note 9 Support Costs
Please complete this note if the charity has analysed its expenses using activity categories and has support costs.
This year
----- Start of picture text -----
Raising funds Activity 1 Activity 2 Activity 3 Grand total Basis of allocation
Support cost
(examples) £ £ £ £ £ (Describe method)
Governance - - - - -
- - - - -
- - - - -
- - - - -
Other - - - - -
- - - - -
Total
----- End of picture text -----
Last year
| Raising funds Activity 1 Activity 2 Activity 3 Grand total £ £ £ £ £ Governance - - - - - - - - - - - - - - - - - - - - Other - - - - - Total - - - - - Support cost (examples) |
Basis of allocation (Describe method) |
|---|---|
Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.
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Section C Notes to the accounts
Note 10 Details of certain types of expenditure
Note 10.1 Fees for examination of the accounts Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).
| Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than independent examination |
This year Last year £ £ 300 300 - - - - - - |
|---|---|
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Section C Notes to the accounts (cont)
Note 11 Paid employees
Please complete this note if the charity has any employees (transactions with Trustees dealt with in Note 28)
11.1 Staff Costs
| This year: Salaries and wages Social security costs Other employee benefits Total staff costs Pension costs (defined contribution scheme) Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party |
This year Last year £ £ 12,166 - 593 - 186 - - |
|---|---|
| 12,945 - |
|
Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Last year:
Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party
Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000
| Please provide the total amount paid to k 11.2 Average head count in the year The parts of the charity in which the employees work £60,000 to £69,999 £70,000 to £79,999 £80,000 to £89,999 £90,000 to £99,999 £100,000 to £109,999 Band |
Fundraising Charitable Activities Governance Other Tota ey management |
This year Last year - - - - - - - - - - This year Last year £ £ - - This year Last year Number Number 2 - - - - - - - Number of employees |
|---|---|---|
| l2 - |
11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.
Please explain the nature of the payment This year Last year Please state the legal authority or reason This year for making the payment Last year
This year Last year £ £ Please state the amount of the payment (or value of any waiver of a - - right to an asset)
11.4 Redundancy payments Please complete if any redundancy or termination payment is made in the period.
| Please state the accounting policy for any redundancy or termination payments Total amount of payment The nature of the payment (cash, asset etc.) The extent of redundancy funding at the balance sheet date |
This year Last year £ £ - - This year Last year £ £ - - |
|---|---|
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Section C Notes to the accounts (cont)
Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.
12.1 Please complete this note if a defined contribution pension scheme is operated.
| Amount of contributions recognised in the SOFA as an expense | This year Last year £ £ 186 - |
|---|---|
Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.
12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.
Please confirm that although the scheme is accounted for as a defined contribution plan, it is a defined benefit plan.
Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity this year and last year, if different
12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.
Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms and conditions of the multi-employer plan. If this is different for last year, provide details
Provide an explanation of how any liability arising from an agreement with a multi-employer plan to fund a deficit has been determined. If this is different for last year, provide details
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Section C Notes to the accounts (cont)
Note 13 Grantmaking
Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.
This year:
| This year: | This year: | This year: | ||||
|---|---|---|---|---|---|---|
| 13.1 Analysis of grants paid (included in cost of charitable activities) | ||||||
| Grants to | Grants to | |||||
| Analysis | institutions | individuals | Support costs | Total | ||
| £ | £ | |||||
| Activity or project 1 | - | - | - | - | ||
| Activity or project 2 | - | - | - | - | ||
| Activity or project 3 | - | - | - | - | ||
| Activity or project 4 | - | - | - | - | ||
| Total | - | - | - | - |
Please enter “Nil” if the charity does not identify and/or allocate support costs.
13.2 Grants made to institutions
| TOTAL GRANTS PAID Pur Total grants to institutions in reporting period My charity has made grants to particular institutions that are material in the context of its grantmaking. Details of the institution supported, purpose of the grant and total paid to each institution is available on the charity's web site. Names of institution Other unanalysed grants |
Yes No pose |
Please provide details of charity's URL. Provide details below Total amount of grants paid £ - - - - - - - - - - |
|---|---|---|
| - | ||
| - - |
Last year:
13.3 Analysis of grants paid (included in cost of charitable activities)
----- Start of picture text -----
Grants to Grants to
Analysis institutions individuals Support costs Total
£ £
Activity or project 1 - - - -
Activity or project 2 - - - -
Activity or project 3 - - - -
Activity or project 4 - - - -
Total - - - -
----- End of picture text -----
Please enter “Nil” if the charity does not identify and/or allocate support costs.
13.4 Grants made to institutions
| 13.4 Grants made to institutions | ||
|---|---|---|
| TOTAL GRANTS PAID My charity has made grants to particular institutions that are material in the context of its grantmaking. Details of the institution supported, purpose of the grant and total paid to each institution is available on the charity's web site. Names of institution Pur Total grants to institutions in reporting period Other unanalysed grants |
Yes No pose |
Please provide details of charity's URL. Provide details below Total amount of grants paid £ - - - - - - - - - - |
| - | ||
| - - |
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----- Start of picture text -----
Section C Notes to the accounts (cont)
Note 14 Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets
14.1 Cost or valuation
Freehold land & Other land & Plant, machinery and Fixtures, fittings and Total
buildings buildings motor vehicles equipment
£ £ £ £ £
At the beginning of - - - - -
the year
Additions - - - - -
Revaluations - - - - -
Disposals - - - - -
Transfers * - - - - -
At end of the year - - - - -
14.2 Depreciation and impairments
Basis SL or RB (Straight SL or RB SL or RB SL or RB SL or RB
Line or Reducing
Balance)
Rate
At beginning of the - - - - -
year
Disposals - - - - -
Depreciation - - - - -
Impairment - - - - -
Transfers - - - - -
At end of the year - - - - -
14.3 Net book value
Net book value at the - - - - -
beginning of the year
Net book value at the - - - - -
end of the year
14.4 Impairment
This year: Please provide a description of the events and
circumstances that led to the recognition or reversal of an
impairment loss.
Last year: Please provide a description of the events and
circumstances that led to the recognition or reversal of an
impairment loss.
14.5 Revaluation
If an accounting policy of revaluation is adopted, please provide: This year Last year
the effective date of the revaluation
the name of independent valuer, if applicable
the methods applied and significant assumptions
the carrying amount that would have been recognised - -
had the assets been carried under the cost model.
14.6 Other disclosures
This year Last year
£ £
(i) Please state the amount of borrowing costs, if any, capitalised in the - -
construction of tangible fixed assets and the capitalisation rate used.
(ii) Please provide the amount of contractual commitments for the acquisition - -
of tangible fixed assets.
(iii) Details of the existence and carrying amounts of property, plant and
equipment to which the charity has restricted title or that are pledged as
security for liabilities.
----- End of picture text -----*
-
The "transfers" row is for movements between fixed asset categories.
-
** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also
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Section C Notes to the accounts (cont) Note 15 Intangible assets Please complete this note if the charity has any intangible assets 15.1 Cost or valuation
----- Start of picture text -----
Research & Patents and Other Total
development trademarks
£ £ £ £
At beginning of the - - - -
Additions - - - -
Disposals - - - -
Revaluations - - - -
Transfers * - - - -
At end of the year - - - -
15.2 Amortisation and impairments
Basis SL or RB SL or RB SL or RB SL or RB Straight Line
("SL") or
Reducing
Balance
("RB")
Rate
At beginning of the - - - -
Disposals - - - -
Amortisation - - - -
Impairment - - - -
Transfers - - - -
At end of year - - - -
15.3 Net book value
Net book value at the - - - -
beginning of the year
Net book value at the - - - -
end of the year
----- End of picture text -----*
15.4 Accounting policy
Please disclose the accounting policy for intangible fixed assets including: Reasons for choosing amortisation rates Policies for the recognition of any capital development
15.5 Impairment This year:
Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.
Last year:
Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.
15.6 Revaluation
If an accounting policy of revaluation is adopted, please provide:
This year Last year the effective date of the revaluation the name of independent valuer, if applicable the methods applied the carrying amount that would have been recognised had the assets been carried under the cost model.
15.7 Other disclosures
(i) If your intangible asset was acquired by way of grant, provide value on initial recognition and carrying amount of the asset. (ii) Details of the carrying amounts of any intangible assets to which the charity has restricted title or that are pledged as security for liabilities. (iii) Please provide the amount of contractual commitments for the acquisition of intangible assets. (iv) State the amount of research and development expenditure recognised as expenditure in the year. (v) Please detail the headings in the SOFA in which a charge for amortisation of intangible assets is included. (vi) For any material intangible assets, please provide a description, its carrying amount and any remaining amortisation period.
-
The "transfers" row is for movements between fixed asset categories.
-
** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.
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----- Start of picture text -----
Section C Notes to the accounts (cont)
Note 16 Heritage assets
Please complete this note if the charity has heritage assets
16.1 General disclosures for all charities holding heritage assets
This year Last year
(i) Explain the nature and scale of
heritage assets held.
(ii) Explain the policy for the
acquisition, preservation,
management and disposal of
heritage assets.
16.2 Cost or valuation
Heritage asset Heritage asset Heritage asset Heritage asset Total
1 2 3 4
£ £ £ £ £
At beginning of the year - - - - -
Additions - - - - -
Disposals - - - - -
Revaluations - - - - -
Transfers * - - - - -
At end of the year - - - - -
16.3 Depreciation and impairments
Basis Straight Line
("SL") or
Reducing
Balance
Rate
At beginning of the year - - - - -
Disposals - - - - -
Depreciation - - - - -
Impairment - - - - -
Transfers - - - - -
At end of year - - - - -
16.4 Net book value
Net book value at the beginning of the - - - - -
year
Net book value at the end of the year - - - - -
----- End of picture text -----*
| 16.5 Impairment This year Last year 16.6 Revaluation Carrying amount at the beginning of th period Additions Disposals Depreciation/impairment Revaluation Carrying amount at the end of period (i) Explain the reason why heritage assets have not been recognised on the balance sheet. (ii) Describe the significance and nature of heritage assets. (iii) Disclose information that is helpful in assessing the value of heritage assets. (iv) Explain the reason why it is no practicable to obtain a valuation of heritage assets. 16.9 Five year summary of heritage 16.8 Heritage assets (where heritage the methods applied and significant 16.7 Analysis of heritage assets by the name of independent valuer, if ap qualifications of independent valuer Please provide a description of the e that led to the recognition or reversa any significant limitations on the valu If an accounting policy of revaluation the effective date of the revaluation Please provide a description of the e that led to the recognition or reversa |
e t assets transactions assets are not recoignised This year assumptions class or group distinguishin plicable vents and circumstances l of an impairment loss. ation is adopted, please provide: vents and circumstances l of an impairment loss. |
on the balan g those at co Thi |
At valuation Group A At cost Group B Total £ £ £ - - - - - - - - - - - - - - - st and those at valuation s year Last year |
|---|---|---|---|
| - - - |
|||
| 2012 2011 £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ce sheet) Last year |
|||
| 2015 2014 £ £ |
2013 £ |
||
| Purchases Group A Group B Group C Other Donations Group A Group B Group C Other Total additions Charge for impairment Group A Group B Group C Other Total charge for impairment Disposals Group A - carrying amount Group B - carrying amount Group C Other Total disposals |
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
- - - - - - - - - - - - - - - - - |
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----- Start of picture text -----
Section C Notes to the accounts (cont)
Note 17 Investment assets
Please complete this note if the charity has any investment assets.
17.1 Fixed assets investments (please provide for each class of investment)
equivalentsCash & cash investmentListed s Investment properties investmentsSocial Other Total
Carrying (fair) value at beginning of - - - - - -
period
Add: additions to investments during - - - - - -
period
Less: disposals at carrying value - - - - - -
Less: impairments - - - - - -
Add: Reversal of impairments - - - - - -
Add/(deduct): transfer in/(out) in the - - - - - -
period
Add/(deduct): revaluation net gain/(loss) on - - - - - -
Carrying (fair) value at end of year - - - - - -
Please specify additions resulting from
acquisitions through business combinations, if
any.
Please note that Fair Value in this context is the amount for which an asset could be exchanged between
knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of
the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there
is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.
17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04
differentiating between those held at fair value and those held at cost less impairment.
This year:
Analysis of investments
----- End of picture text -----
| Cash or cash equivalents Investment properties Last year: Analysis of investments Cash or cash equivalents Investment properties 17.5 Guarantees For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique. Value of any concessionary loans which have been committed but not taken up at the reporting date Amounts payable within 1 year 17.7 Additional information Amounts payable after more than 1 year Amount of concessionary loans received (Multiple loans received may be disclosed in aggregate provided that such aggregation does not obsure significant information). Please explain how the guarantee furthers the aims 17.6 Concessionary loans Amount of concessionary loans made (Multiple loans made may be disclosed in aggregate provided that such aggregation does not obsure significant information). 17.4 Please provide a breakdown of current Analysis of current asset investments Social investments Grand total (Fair value at year end+Cost less im Other investments Listed investments For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique. Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge. Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge. Amounts receivable after more than 1 year Please provide information about the significance of investments to the charity's financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk. Amounts receivable within 1 year Terms and conditions eg interest rate, security provided Please provide details and amount of any guara or on behalf of a third party Name of the entity or entities benefitting from th guarantees Other investments Total Cash or cash equivalents Listed investments (iv) Explain any contractual obligations for the construction or development of investment pro repairs, maintenance or enhancements Total (iii) Provide details of any restrictions on the a realise investment property or on the remittanc or disposal proceeds 17.3 If your charity holds investment propert Other investments Grand total (Fair value at year end+Cost less im Social investments Listed investments Total (i) Explain the methods and significant assum determining the fair value of investment proper charity Investment properties Social investments (ii) Name or independent valuer, if applicable, qualifications |
Total charity's asset inves pairment) Total ntee made t ose purchase, perty or for bility to e of income ies, please pairment) ptions in ty held by th and relevant |
Fair value at year end £ - - - - - Cost le |
This year £ Last year £ - - - - - - - - - - This year £ Last year £ - - - - - - - - Last year h the balance ast year £ - - - - £ - Last year Last year - - - - - - - - - - - ast year ss impairment - ss impairment £ - - - |
|---|---|---|---|
| - |
|||
| - - - £ - Fair value at year end - Cost le |
|||
- |
|||
| tments, if applicable, agreeing wit This year L £ - - - - - complete the following note: This year e L |
|||
| - | |||
| This year Description Description This year This year o |
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Section C Notes to the accounts (cont)
Note 18 Stocks
Please complete this note if the charity holds any stock items
18.1 Please state the carrying amount of stock and work in progress analysed between activities.
| 18.1 Please state the carrying amount of stock and work in progress analysed between activities. |
unt of stock and work in progress analysed between | unt of stock and work in progress analysed between |
|---|---|---|
| For distribution For resale For distribution For resale £ £ £ £ £ Charitable activities: Opening - - - - - Added in period - - - - - Expensed in period - - - - - Impaired - - - - - Closing - - - - - Other trading activities: Opening - - - - - Added in period - - - - - Expensed in period - - - - - Impaired - - - - - Closing - - - - - Other: Opening - - - - - Added in period - - - - - Expensed in period - - - - - Impaired - - - - - Closing - - - - - Total this year - - - - - Total previous year - - - - - This year Last year £ £ 18.2 Please specify the carrying amount of any stocks pledged as security for liabilities Stock Donated goods Work in progress |
For distribution For resale For distribution For resale £ £ £ £ £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Stock Donated goods Work in progress |
|
| - | - - - - | |
| - - - - This year Last year £ £ |
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Section C Notes to the accounts (cont)
Note 19 Debtors and prepayments
Please complete this note if the charity has any debtors or prepayments.
19.1 Analysis of debtors
| Total Trade debtors Prepayments and accrued income Other debtors |
This year Last year £ £ - - - - - - - - |
|---|---|
Complete 19.2 where a material debtor is recoverable more than a year after the reporting date.
19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above)
| Total Trade debtors Prepayments and accrued income Other debtors |
This year Last year £ £ - - - - - - - - |
|---|---|
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Section C Notes to the accounts (cont)
Note 20 Creditors and accruals
Please complete this note if the charity has any creditors or accruals.
20.1 Analysis of creditors
----- Start of picture text -----
Amounts falling due Amounts falling due after
within one year more than one year
This year Last year This year Last year
£ £ £ £
- - - -
- - - -
- - - -
- - - -
300 - - -
- - - -
- - - -
Total 300 - - -
----- End of picture text -----
Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors
20.2 Deferred income
| Please explain the reasons why income is deferred. Movement in deferred income account Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Please complete this note if the charity has deferred income This year Balance at the end of the reporting period |
This year Last year £ £ - - - - - - - - Last year |
|---|---|
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Section C Notes to the accounts (cont)
Note 21 Provisions for liabilities and charges
Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.
----- Start of picture text -----
21.1 Movements in recognised provisions and funding commitment during the period
This year Last year
£ £
Balance at the start of the reporting period - -
Amounts added in current period - -
Amounts charged against the provision in the current period - -
Unused amounts reversed during the period - -
- -
Balance at the end of the reporting period
21.2 Please provide: This year Last year
- a brief description of any obligations on the
balance sheet and the expected amount and
timing of resulting payments;
- an indication of the uncertainties about the
amount or timing of those outflows; and
- the amount of any expected
reimbursement, stating the amount of any
asset that has been recognised for that
expected reimbursement.
This year Last year
21.3 For any funding commitment that is not
recognised as a liability or provision, provide
details of commitment made, the time frame
of that commitment, any performance-related
conditions and details of how the
commitment will be funded (with contracts
for capital expenditure separately identified).
21.4 Where unrestricted funds have been
designated to a fund commitment, please
disclose the nature of any amounts
designated and the likely timing of that
expenditure.
----- End of picture text -----
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Section C Notes to the accounts (cont)
Note 22 Other disclosures for debtors, creditors and other basic financial instruments
22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk.
22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conitions related to its pledge should be given here.
This year Last year
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Section C Notes to the accounts (cont)
Note 23 Contingent liabilities and contingent assets
23.1 Contingent liabilities
Where the charity has contingent liabililities, please complete the following section unless the possibility of their existence is remote.
This year
----- Start of picture text -----
Description of item including its legal nature. Estimate of financial effect
Please describe any security provided in
connection to the liability.
Last year
Description of item including its legal nature. Estimate of financial effect
Please describe any security provided in
connection to the liability.
----- End of picture text -----
23.2 Contingent assets
Where the charity has contingent assets, please complete the following section when their existence is probable
This year
| This | year | |||||||
|---|---|---|---|---|---|---|---|---|
| Description | of | item | Estimate | of | financial | effect | ||
| Last | year | |||||||
| Description | of | item | Estimate | of | financial | effect | ||
23.4 Other disclosures for contingent assets and/or liabilities Please provide the following information where practicable:
| Explain any uncertainties relating to the amount or timing of settlement; and the possibilty of any reimbursement Where it is not practical to make one or more of these disclosures, please state this fact |
This year Last year |
|---|---|
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Section C Notes to the accounts (cont)
| Other Short term deposits Cash at bank and on hand Total Note 24 Cash at bank and in hand Short term cash investments (less than 3 months maturity date) |
This year Last year £ £ - - - - 28,912 - - - 28,912 - |
|---|---|
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Section C Notes to the accounts (cont)
Note 25 Fair value of assets and liabilities This year Last year 25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks. 25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.
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Section C Notes to the accounts (cont)
Note 26 Events after the end of the reporting period
Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.
This year Last year Please provide details of the nature of the event Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made
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Section C Notes to the accounts (cont)
Note 27 Charity funds
27.1 Details of material funds held and movements during the CURRENT reporting period
Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.
* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds
----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE
Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds (balancing
figure) N/a N/a - - - - - -
Total Funds as per balance sheet - - - - - -
Yes No
Fund balances carried forward include assets and liabilities denominated in a foreign currency
If yes, please state the basis on which the assets and/or liabilities have been translated into
sterling (or the currency in which the accounts are drawn up).
----- End of picture text -----*
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Section C Notes to the accounts (cont)
Note 27 Charity funds
27.2 Details of material funds held and movements during the PREVIOUS reporting period
Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds' (which should include revaluation reserve and fair value reserve, if applicable). The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.
* Key: PE - permanent endowment funds; EE - expendable endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds
----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE
Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - - -
Other funds (balancing
figure) N/a N/a - - - - - -
Total Funds as per balance sheet - - - - - -
Yes No
Fund balances carried forward include assets and liabilities denominated in a foreign currency
----- End of picture text -----*
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Section C Notes to the accounts (cont)
Note 27 Charity funds (cont)
27.3 Transfers between funds
This year
----- Start of picture text -----
Reason for transfer and where endowment is converted to income, Amount
legal power for its conversion
Between unrestricted and
restricted funds
-
Between endowment and
restricted funds
-
Between endowment and
unrestricted funds
-
-
Last year
Reason for transfer and where endowment is converted to income, Amount
legal power for its conversion
Between unrestricted and
restricted funds -
Between endowment and
restricted funds
-
Between endowment and
unrestricted funds
-
-
----- End of picture text -----
27.4 Designated funds This year
| Planned use | Purpose of the designation | Amount | |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Last year | |||
| Planned use | Purpose of the designation | Amount | |
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - |
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Section C Notes to the accounts (cont)
Note 28 Transactions with trustees and related parties
If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.
28.1 Trustee remuneration and benefits
This year
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)
In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.
| If a third party has been reimbursed for providing one or more trustees, state the nature of the payment and amount of the reimbursement. State the number of trustees to whom retirement benefits are accruing under a defined contribution pension scheme. Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment. Please give details of why remuneration or other employment benefits were paid. Name of trustee Legal authority (eg order, governing document) |
Remuneratio n Pension contribution Redundancy (including loss of office)/ex gratia Other TOTAL £ £ £ £ £ - - - - - - - - - - - - - - - - - - - - Amounts paid or benefit value |
|---|---|
Last year
None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)
In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.
----- Start of picture text -----
Amounts paid or benefit value
Name of trustee Legal authority (eg order, governing document) Remuneration contributionPension Redundancy (including office)/ex loss of Other TOTAL
gratia
£ £ £ £
- - - - -
- - - - -
- - - - -
- - - - -
Please give details of why remuneration or other
employment benefits were paid.
Where an ex gratia payment has been made to a trustee,
provide an explanation of the nature of the payment.
If a third party has been reimbursed for providing one or
more trustees, state the nature of the payment and
amount of the reimbursement.
State the number of trustees to whom retirement benefits
are accruing under a defined contribution pension
scheme.
----- End of picture text -----
28.2 Trustees' expenses
If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".
No trustee expenses have been incurred (True or False)
| TOTA Accommodation Other (please specify): Travel Subsistence Type of expenses reimbursed |
- - - - - - - - - - This year Last year £ £ |
|---|---|
L - - |
|
| Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity |
28.3 Transaction(s) with related parties
Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.
This year
There have been no related party transactions in the reporting period (True or False)
| Name of the trustee or related party Relationship to charity Description of the transaction(s) Last year Name of the trustee or related party Relationship to charity Description of the transaction(s) In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement. For any related party, please provide details of any guarantees given or received. In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement. For any related party, please provide details of any guarantees given or received. There have been no related party transactions in the repo |
Amount Balance at period end £ £ - - - - - - - - Amount Balance at period end £ £ - - - - - - - - Provision f at peri rting period (True or False) Provision f at peri |
Amounts written off during reporting period £ - - - - Amounts written off during reporting period £ - - - - or bad debts od end £ - - - - or bad debts od end £ - - - - |
|---|---|---|
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Section C Notes to the accounts (cont)
Note 29 Additional Disclosures
The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.
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Compatibility Report for
CC17a_charitable_company_December 2022.xls Run on 17/08/2023 14:03
If the workbook is saved in an earlier file format or opened in an earlier version of Microsoft Excel, the listed features will not be available.
| Minor loss of fidelity | # of | Version |
|---|---|---|
| occurrences | ||
| Some cells or styles in this workbook contain formatting that | 5 | Excel 97-2003 |
| is not supported by the selected file format. These formats will | ||
| be converted to the closest format available. |
Accrue Financial Limited
The Trustees It’s Time 32 Bemish Road London SW15 1DG
16[th] October 2024
To The Trustees,
Accounts for the Period Ended 31[st] December 2023 Charity Number: 1193103
As requested I have conducted an Independent Examination of the Accounting Records of the Charity known as It’s Time for the above dated period.
Based on the information and documents provided to me I believe the records represent a true and fair view of the Charity’s financial position at that date and as such I have prepared SOFA Accounts using that information for presentation to The Trustees.
Yours sincerely
Jennie Clarke M.A.A.T. Director
19 Ashwell Bank Lane, Tackley, Oxon, OX5 3FH 07827 817520 jennie@accruefinancial.co.uk Company No: 08149303