It’s Time
Trustees’ Annual Report
For the year 1st January 2024 to 31[st] December 2024.
Registered charity number: 1193103 Principal address: It’s Time, 124 City Road, London, EC1V 2NX
Objectives and Activities
For public benefit, to relieve the needs of individuals aged 16-30 living in England and Wales who have suffered the death of a parent in particular but not exclusively by the provision of wellness sessions, advice, support and educational resources.
Achievements and Performance
It’s Time marked an exceptional fourth year of operations, with strategic progress across service delivery, digital engagement, governance, and community involvement. Our focus throughout the year centred on launching new services, strengthening our social media presence, diversifying our Board of Trustees, expanding volunteer capacity, and appointing key strategic roles.
Building on the successful rollout of our online peer support services in 2023, our digital community has grown to 301 active members. In addition, we launched a well-received online book club, which now attracts 81 regular participants. To complement these virtual offerings, we hosted our first in-person peer support meetings in London in September 2024, with plans for a full UK-wide rollout in Spring 2025.
A major service development in 2024 was the introduction of our group therapy programme. Launched in February, this free-to-access initiative supported 30 individuals across three groups and was led by our newly appointed Clinical Lead, Mandy Gosling (M.A., Dip. Psych). Demand for the service was so strong that, even prior to launch, we had already established a one-year waiting list for the next cohort in 2025.
Since appointing our “Social Media & Online Community Executive” in May 2023, our digital reach has grown exponentially. In 2024, our TikTok content achieved record engagement, with two videos receiving 280,000 and 324,000 views respectively. We recorded 3,639 profile views, 579 video shares, 763 comments, and 840 website clicks. On Instagram, our following grew to 2,000, with a total reach of 144,000 and 682 link clicks.
Our most impactful content continues to be rooted in the personal experiences shared by our community. To facilitate this, we launched a submissions portal on the It’s Time website, resulting in over 50 unique stories being shared. This initiative significantly boosted engagement with our online blog, particularly around our “Leading After Loss” series.
To strengthen our organisational capacity and ensure a diverse and skilled leadership team, we welcomed two new Trustees: Hannah Raymond (Peer Support Services), Isabelle Wilson (Corporate Fundraising). We also appointed several strategic volunteer leads James Skinner (Strategy and Planning), Matthew Brandon (Diversity, Equity, and Inclusion), Lukas Weber (Cyber Security), and Harvey Taylor (Corporate Partnerships).
Finally, we expanded our Community Advisory Panel to include all volunteers with lived experience of parental loss. This inclusive approach has enhanced our feedback mechanisms and ensured that our future development remains closely aligned with the needs of our community.
Forthcoming Plans
Looking ahead to 2025, It’s Time will continue to advance its mission by developing innovative, tailored resources to support young people aged 16–30 who have experienced the loss of a parent or parents. We also remain committed to equipping their families, friends, educational institutions, and employers with the tools to provide meaningful and informed support.
A key focus for the year will be the national rollout of our in-person peer support groups. Building on the success of our London sessions, we will launch monthly meetings in Manchester, Bristol, the West Midlands, Stevenage, Edinburgh, Glasgow, Southampton, and the Peak District.
Our group therapy programme will also continue in 2025, supporting a further 30 individuals. Looking beyond, we plan to expand this provision from 2026 onward, increasing capacity to meet growing demand and ensuring more young people can access professional therapeutic support.
To sustain and grow our digital presence, we will continue to centre our content around lived experiences of parental loss—sharing personal stories, producing new help guides, and enriching our monthly newsletter. We will also develop targeted social media campaigns on platforms such as TikTok and Instagram, with a focus on engaging underrepresented demographics (such as young men) and reaching specific geographic communities. In support of this strategy, we aim to collaborate with other content creators and organisations within the grief and bereavement space, fostering mutual promotion of content, events, and shared values.
To ensure sustainable growth and nationwide reach, we plan to increase our volunteer base to approximately 100 individuals, with a focus on achieving balanced regional representation. This will help us maintain high-quality service delivery while remaining responsive to the needs of our community.
In parallel, It’s Time aspires to become a leading voice in the national conversation around bereavement support. In 2025, we intend to establish a dedicated sub-group to explore and advocate for improved Bereavement Leave entitlements, with the goal of submitting a formal petition to Government in 2026.
Finally, we will continue to champion and support our incredible fundraisers—including our inspiring team of marathon runners—whose dedication and energy play a vital role in sustaining our work and spreading awareness of our cause.
Financial Review
For the financial year ending 31 December 2024, It’s Time recorded a total income of £77,921. Total expenditure for the same period amounted to £87,211, resulting in a net deficit of £9,290.
This year marked the charity’s highest annual expenditure since inception, driven by several key developments. Notably, increased investment in paid service delivery, particularly the launch of group therapy sessions, contributing directly to higher operating costs.
Fundraising activity also expanded, with a 66% rise in spending on initiatives such as marathon entry fees and branded equipment. Additionally, 2024 was the first full year of staffing costs for two full-time employees, reflecting our commitment to professionalising and scaling our operations.
Encouragingly, these increased costs were largely offset by a 58% rise in total income compared to 2023, demonstrating the effectiveness of our fundraising strategy and the generosity of our supporters.
It’s Time remains focused on delivering high-impact services that maximise benefit to our community, rather than generating profit. Nonetheless, thanks to continued strong support from individual donors and corporate partners, the charity remains financially stable and operates as a going concern.
Our principal sources of income during 2024 included community fundraising, events, individual donations, corporate contributions, and small grants. Most donations were processed via JustGiving, which also managed Gift Aid claims, with additional direct contributions received into the charity’s current account.
Looking ahead, we aim to return to a surplus in 2025 by expanding fundraising opportunities and diversifying income streams. This includes pursuing grant funding for specific projects and core operational costs, alongside growing our event-based and community-led fundraising efforts.
Reserve Policy
Whilst It’s Time maintains a healthy current account cash balance, it does not currently hold any dedicated reserves.
The first four years of operations provide a clear indication of the appropriate level of reserves required to sustain operations and charitable activities moving forward should these be. Reserves may be set accordingly in subsequent financial years, to cover up to three-months fixed costs, to be agreed at during the AGM.
Fundraising Review
We are enormously grateful to all of our fundraisers, supporters, advisors and volunteers for the incredible work that they do to enable It’s Time to continue to provide a community for 16-30-year-olds who have lost parent’s, whist offering free support, direct services, and dedicated information resources. This year marked a significant expansion in our fundraising efforts, with notable growth in event volume and corporate support.
We experienced a remarkable increase in the number of marathon runners supporting It’s Time, with our involvement extended across a wider range of events both nationally and internationally.
We expanded our fundraising calendar forming strategic partnerships with high-profile events. A standout collaboration was with the Cambridge Club Festival, which provided a vibrant and engaging platform to reach new audiences, raise awareness and generate funds.
Corporate support had a significant boost. We were honoured to be selected as Charity of the Year by accountancy firm RSM, a partnership that brought not only generous financial contributions but also enthusiastic employee-led fundraising initiatives.
This recognition, along with other increased corporate donations, underscores the growing trust and commitment from the business community toward our mission.
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 (Peer Support Services) Jade Lorimer (Recruitment) Harry Finch (Project Management) Mikhail Sinyakin (Research and Policy) Charlotte Hughes (Digital Marketing) Hannah Raymond (Peer Support Services) Isabelle Wilson (Corporate Fundraising)
Expert Advisors
Mandy Gosling (Clinical Lead) Renaye Edwards Oliver Groarke Chris Robinson Neil Tanna
Strategic Volunteer Leads
James Skinner (Strategy and Planning) Matthew Brandon (Diversity, Equity, and Inclusion) Lukas Weber (Cyber Security) Harvey Taylor (Corporate Partnerships) Samii Miller (Service Delivery and Safeguarding) Tara Steeds (Policy & Campaigning)
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) David Jacob-Lloyd Aaron Feighoney Position Chair Treasurer Date 16/10/2025 16/10/2025
| It's Time CIO | It's Time CIO | CharityNo | 1193103 | 1193103 | |
|---|---|---|---|---|---|
| CompanyNo | CE024605 | ||||
| Annualaccountsforthe period | |||||
| Period start date | 01/01/2024 | To | Period end date |
31/12/2024 |
Section A Statement of financial activities (including summary income and expenditure account)
| Note 3 3 Expenditure (Notes 6) Expenditure on: 4 6 Tax payable Net gains/(losses) on investments Extraordinary items Other gains/(losses) Reconciliation of funds: Total Recommended categories by activity Income (Note 3) Income and endowments from: Donations and legacies Grant Income Raising funds Total funds carried forward Total Net income/(expenditure) after tax before investment gains/(losses) Net income/(expenditure) Transfers between funds 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 Net movement in funds Other recognised gains/(losses): Net income/(expenditure) before tax for the reporting period |
Unrestricted funds Restricted income funds Endowment funds £ £ £ |
Unrestricted funds Restricted income funds Endowment funds £ £ £ |
Unrestricted funds Restricted income funds Endowment funds £ £ £ |
Total funds Prior year funds £ £ |
Total funds Prior year funds £ £ |
|---|---|---|---|---|---|
| 77,101 | - | - | 77,101 | 39,030 | |
| - | 820 | - | 820 | 10,198 | |
| 77,101 | 820 | - | 77,921 | 49,228 | |
| 7,110 | - | - | 7,110 | 1,626 | |
| 8,061 | - | - | 8,061 | 4,939 | |
| 66,121 | 5,919 | - | 72,040 | 51,786 | |
| 81,292 | 5,919 | - | 87,211 | 58,351 | |
| 4,191 - |
5,099 - |
- | 9,290 - |
9,123 - |
|
| - | - | - | - | - | |
| 4,191 - |
5,099 - |
- | 9,290 - |
9,123 - |
|
| - | - | - | - | - | |
| 4,191 - |
5,099 - |
- | 9,290 - |
9,123 - |
|
| - | - | - | - | ||
| - | - | - | - | - | |
| - | - | - | - | - | |
| - | - | - | - | - | |
| 4,191 - |
5,099 - |
- | 9,290 - |
9,123 - |
|
| 68,036 | 5,099 | - | 73,135 | 82,258 | |
| 63,845 | - | - | 63,845 | 73,135 |
| It's Time CIO | It's Time CIO | CharityNo | 1193103 | 1193103 | 1193103 | 1193103 |
|---|---|---|---|---|---|---|
| Company No | CE024605 | |||||
| Annual accounts for theperiod | Period start date: 01/01/2024 | To period end date: 31/12/2024 | ||||
| Section B Balance sheet | ||||||
| Note Current assets Debtors 7 Cash at bank and in hand 9 Total current assets Creditors: amounts falling due within one year 8 Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year 8 Provisions for liabilities Total net assets or liabilities Funds of the Charity Unrestricted funds Total funds 10 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ |
|||||
| - | - | - | - | 5,099 | ||
| 68,754 | - | - | 68,754 | 72,709 | ||
| 68,754 | - | - | 68,754 | 77,808 | ||
| 4,909 | - | - | 4,909 | 4,673 | ||
| 63,845 | - | - | 63,845 | 73,135 | ||
| 63,845 | - | - | 63,845 | 73,135 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 63,845 | - | - | 63,845 | 73,135 | ||
| 63,845 | - | - | 63,845 | 73,135 | ||
| 63,845 | - | - | 63,845 | 73,135 |
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
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.
| ompanies regime and in accordance with FRS102 SORP. | ||
|---|---|---|
| Signed by one or two trustees/directors on behalf of all the trustees/directors Signature of director authenticating accounts being sent to Companies House |
Print Name | Date of approval dd/mm/yyyy |
| Signature | Date dd/mm/yyyy | |
| Print name |
CC17a (Excel)
30/10/2025
2
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:
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 2.
note 2. |
||
|---|---|---|
| Yes No |
| * -Tick as appropriate |
Please disclose:
| 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 |
Not Applicable |
| (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. |
Not Applicable |
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).
| Yes No |
| * -Tick as appropriate |
|---|---|---|
Please disclose:
| Please disclose: | |
|---|---|
| (i) the nature of any changes; | Not Applicable |
| (ii) the effect of the change on income and expense or assets and liabilities for the current period; and |
Not Applicable |
| (iii) where practicable, the effect of the change in one or more future periods. |
Not Applicable |
1.5 Material prior year errors
| No material prior | year erro | r have been identified in the reporting period (3.47 FRS102 SORP). |
|---|---|---|
| Yes No |
|
* -Tick as appropriate |
Please disclose:
| Please disclose: | |
|---|---|
| (i) the nature of the prior period error; | Not Applicable |
| (ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and |
Not Applicable |
| (iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts. |
Not Applicable |
CC17a (Excel)
30/10/2025
3
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 Not Applicable 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
CC17a (Excel)
30/10/2025
4
| Section C Notes to the accounts | (cont) | (cont) | (cont) |
|---|---|---|---|
| Recognition of income Grants with performance conditions 2.4 ASSETS Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. 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. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. They are valued at fair value except where they qualify as basic financial instruments. They are valued at cost. They are valued at cost. 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 or legal rights. The amortisation rates and methods used are disclosed in note 15. 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. 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. Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). Gift Aid receivable is included in income when there is a valid declaration from the 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. 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. Intangible fixed assets 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. Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. 2.3 EXPENDITURE AND LIABILITIES 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. 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. Tangible fixed assets for use by charity 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. Grants payable without performance conditions The depreciation rates and methods used are disclosed in note 14. This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Offsetting Grants and donations Note 2 Accounting policies They are valued at cost. Deferred income No material item of deferred income has been included in the accounts. 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 Basic financial instruments Government grants The charity has received government grants in the reporting period Legacies Tax reclaims on donations and gifts Legacies are included in the SOFA when receipt is probable, that is, when there has 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. 2.2 INCOME Donated goods 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). Debtors Contractual income and performance related grants Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Income from membership subscriptions Income from interest, royalties and dividends The charity has incurred expenditure on support costs. Heritage assets Investment gains and losses Investments This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. 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 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 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 and included in the SoFA as incoming resources when receivable. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. Current asset investments 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. 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. 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. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Donated services and facilities Support costs The charity has creditors which are measured at settlement amounts less any trade discounts These are capitalised if they can be used for more than one year, and cost at least Fixed asset investments in quoted shares, traded bonds and similar investments are 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. 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. 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. Governance and support costs Creditors Redundancy cost The charity made no redundancy payments during the reporting period. 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. Settlement of insurance claims 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 recipient of the grant has provided the specified service or output. Stocks and work in progress |
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CC17a (Excel)
30/10/2025
5
| Section C | Notes to the accounts | Notes to the accounts | (cont) | (cont) | |||
|---|---|---|---|---|---|---|---|
| Note 3 | Income | ||||||
| Restricted | |||||||
| Analysis of income | Unrestricted funds |
income funds |
Endowment funds |
Total funds |
Prior year | ||
| £ | £ | ||||||
| Donations | Donations and gifts | 77,101 | - | - | 77,101 | 71,964 | |
| and legacies: | Gift Aid | - | - | - | - | - | no analysis of gift aid available |
| Legacies | - | - | - | - | - | ||
| General grants provided by government/other | |||||||
| charities | - | 820 | - | 820 | - | ||
| Total | 77,101 | 820 | - | 77,921 | 71,964 | ||
| TOTAL INCOME | 77,101 | 820 | - | 77,921 | 71,964 |
CC17a (Excel)
30/10/2025
6
Section C Notes to the accounts (cont)
Note 4 Expenditure
| Note 4 Expenditure | ||||||||
|---|---|---|---|---|---|---|---|---|
| Analysis Expenditure on raising funds: |
Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year |
|||||||
| Incurred seeking donations | - | - | - | - | - | - | - | - |
| Incurred seeking legacies | - | - | - | - | - | - | - | - |
| Incurred seeking grants | - | - | - | - | - | - | - | - |
| Operating membership schemes and social lotteries |
- | - | - | - | - | - | - | - |
| Staging fundraising events | 5,702 | - | - | 5,702 | 1,626 | - | - | 1,626 |
| Fudraising agents | - | - | - | - | - | - | - | - |
| Operating charity shops | - | - | - | - | - | - | - | - |
| Operating a trading company undertaking non-charitable trading activity |
- | - | - | - | - | - | - | - |
Advertising, marketing, direct mail and publicity |
1,408 | - | - | 1,408 | 1,010 | - | - | 1,010 |
| Start up costs incurred in generating new source of futureincome |
- | - | - | - | - | - | - | - |
| Database development costs | - | - | - | - | 1,174 | - | - | 1,174 |
| 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 | 7,110 | - | - | 7,110 | 3,810 | - | - | 3,810 |
| Expenditure on charitable activities: | ||||||||
| Staff Costs | 66,121 | 5,919 | - | 72,040 | 51,774 | - | - | 51,774 |
| Office Costs | 43 | - | - | 43 | 1,862 | - | - | 1,862 |
| Accountancy Fees | 805 | - | - | 805 | 325 | - | - | 325 |
| Staff Training | - | - | - | - | 12 | - | - | 12 |
| Hospitality | - | - | - | - | 330 | - | - | 330 |
| Insurance | 244 | - | - | 244 | 238 | - | - | 238 |
| Consultancy | 2,700 | - | - | 2,700 | - | - | - | - |
| Software | 2,340 | - | - | 2,340 | - | - | - | - |
| Other | 1,929 | - | - | 1,929 | - | - | - | - |
| Total expenditure on charitable activities | 74,182 | 5,919 | - | 80,101 | 54,541 | - | - | 54,541 |
| TOTAL EXPENDITURE | ||||||||
| 81,292 | 5,919 | - | 87,211 | 58,351 | - | - | 58,351 |
CC17a (Excel)
30/10/2025
7
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 |
2024 £ |
2023 £ |
|---|---|---|
| 420 | 325 | |
| - | - | |
| - | - | |
| 360 | - |
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30/10/2025
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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
| Employers' NIC Total staff costs Pension costs (defined contribution scheme) Salaries and wages |
2024 £ |
2023 £ |
|---|---|---|
| 64,675 | 12,166 | |
| 4,109 | 593 | |
| 3,256 | 186 | |
| 72,040 | 12,945 |
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.
| box provided. | box provided. | ||
|---|---|---|---|
| Charitable Activities Total 11.2 Average head count in the year The parts of the charity in which the No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000 |
TRUE | ||
| 2024 Number |
2023 Number |
||
| Charitable Activities | 2 | 2 | |
| Total | 2 | 2 |
CC17a (Excel)
30/10/2025
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Section C Notes to the accounts (cont)
Note 19 Debtors and prepayments
Analysis of debtors
Grants Receivable Total
| 2024 £ |
2023 £ |
|---|---|
| 0 | 5,099 |
| 0 | 5,099 |
CC17a (Excel)
30/10/2025
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Section C Notes to the accounts (cont)
Note 20 Creditors and accruals
| Analysis of creditors Trade creditors Accruals and deferred income Taxation and social security Pension contributions Other Total |
||||
|---|---|---|---|---|
| Amounts falling due within one year |
Amounts falling due after more than one year |
|||
| 2024 £ |
2023 £ |
2024 £ |
2023 £ |
|
| - | - | - | - | |
| 780 | 300 | - | - | |
| 3,858 | 4,102 | - | - | |
| 271 | 271 | - | - | |
| - | ||||
| 4,909 | 4,673 | - | - |
CC17a (Excel)
30/10/2025
11
Section C Notes to the accounts (cont)
Note 24 Cash at bank and in hand
| Note 24 Cash at bank and in hand | ||
|---|---|---|
| Other Short term deposits Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) |
2024 £ |
2023 £ |
| - | - | |
| - | - | |
| 68,754 | 72,709 | |
| - | - | |
| 68,754 | 72,709 |
CC17a (Excel)
30/10/2025
12
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
| Fund names | Type PE, EE **R or UR *** |
Purpose and Restrictions | Fund balances brought forward £ |
Income £ |
Expenditure £ |
Transfers £ |
Gains and losses £ |
Fund balances carried forward £ |
|---|---|---|---|---|---|---|---|---|
| General Fund | UR | None | 68,036 | 77,101 | -81,292 | - | - | 63,845 |
| Interns Funding | R | To pay for salaries of interns | 5,099 | 820 | -5,919 | - | - | - |
| - | - | - | - | - | - | |||
| - | - | - | - | - | - | |||
| - | - | - | - | - | - | |||
| - | - | - | - | - | - | |||
| - | - | - | - | - | - | |||
| - | - | - | - | - | - | |||
| - | - | - | - | - | - | |||
| - | - | - | - | - | - | |||
| Other funds (balancing figure) |
N/a | N/a | - | - | - | - | - | - |
| Total Funds as per balance sheet | 73,135 | 77,921 | - 87,211 | - | - | 63,845 | ||
| Fund balances carried forward include assets and liabilities denominated in a foreign currenc | y | Yes No |
||||||
| |
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).
CC17a (Excel)
30/10/2025
13
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
| funds | ||||||||
|---|---|---|---|---|---|---|---|---|
| Fund names | Type PE, EE **R or UR *** |
Purpose and Restrictions | Fund balances brought forward £ |
Income £ |
Expenditure £ |
Transfers £ |
Gains and losses £ |
Fund balances carried forward £ |
| General Fund | UR | None | 77,159 | 49,228 | -58,351 | - | - | 68,036 |
| Interns Funding | R | To pay for salaries of interns | - | 5,099 | - | - | - | 5,099 |
| - | - | - | - | - | - | |||
| - | - | - | - | - | - | |||
| - | - | - | - | - | - | |||
| - | - | - | - | - | - | |||
| - | - | - | - | - | - | |||
| - | - | - | - | - | - | |||
| - | - | - | - | - | - | |||
| - | - | - | - | - | - | |||
| Other funds (balancing figure) |
N/a | N/a | - | - | - | - | - | - |
| Total Funds as per balance sheet | 77,159 |
54,327 | - 58,351 | - | - | 73,135 | ||
| Fund balances carried forward include assets and liabilities denominated in a foreign currenc | y | Yes No |
||||||
| |
CC17a (Excel)
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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 TRUE 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.
| Name of trustee | Legal authority (eg order, governing document) |
Amounts paid or benefit value | Amounts paid or benefit value | Amounts paid or benefit value | Amounts paid or benefit value | Amounts paid or benefit value |
|---|---|---|---|---|---|---|
| Remuneration |
Pension contribution |
Redundancy (including loss of office)/ex ~~gratia~~ |
Other | TOTAL | ||
| £ | £ | £ | £ | £ | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 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. |
||||||
Last year
None of the trustees have been paid any remuneration or received any other benefits from an TRUE 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.
| Name of trustee | Legal authority (eg order, governing document) |
Amounts paid or benefit value | Amounts paid or benefit value | Amounts paid or benefit value | Amounts paid or benefit value | Amounts paid or benefit value |
|---|---|---|---|---|---|---|
| Remuneration |
Pension contribution |
Redundancy (including loss of office)/ex gratia |
Other | TOTAL | ||
| £ | £ | £ | £ | |||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 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. |
||||||
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) | TRUE | |
|---|---|---|
| Type of expenses reimbursed | This year | Last year |
| £ | £ | |
| Travel | - | - |
| Subsistence | - | - |
| Accommodation | - | - |
| Other (please specify): | - | - |
| - | - | |
| TOTAL | - | - |
| 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 rep | There have been no related party transactions in the rep | There have been no related party transactions in the rep | orting period (True or False) | orting period (True or False) | orting period (True or False) | TRUE | TRUE |
|---|---|---|---|---|---|---|---|
| Name of the trustee or related party |
Relationship to charity |
Description of the transaction(s) |
Amount | Balance at period end |
Provision fo at perio |
r bad debts d end |
Amounts written off during reporting period |
| £ | £ | £ | £ | ||||
| - | - | - | - | ||||
| - | - | - | - | ||||
| - | - | - | - | ||||
| - | - | - | - | ||||
| Last year There have been no related party transactions in the rep 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. |
|||||||
| orting period (True or False) | |||||||
| TRUE | |||||||
| Name of the trustee or related party |
Relationship to charity |
Description of the transaction(s) |
Amount | Balance at period end |
Provision fo at perio |
r bad debts d end |
Amounts written off during reporting ~~period~~ |
| £ | £ | £ | £ | ||||
| - | - | - | - | ||||
| - | - | - | - | ||||
| - | - | - | - | ||||
| - | - | - | - | ||||
| 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. |
|||||||
CC17a (Excel)
30/10/2025
15
Board of Trustees It’s Time CIO Capital Office 124-128 City Road LONDON EC1V 2NX
30[th] October 2025
Dear Trustees,
Independent Examiner’s Report to the Trustees of It’s Time CIO
I report to the Trustees on my examination of the accounts of It’s Time CIO (“the charity”) for the year ended 31 December 2024.
Responsibilities and Basis of Report
As the charity’s Trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I have carried out an independent examination of the accounts in accordance with Section 145 of the Act, the Charity (Accounts and Reports) Regulations 2008, and the Directions given by the Charity Commission. My role is to review the accounts and to state whether any material matters have come to my attention.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that, in any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Act; and
-
to prepare accounts which accord with those records and comply with the accounting requirements of the Act have not been met; or
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Janet Parker MA (Cantab) BFP FCA Principal
Parker Chapman is a trading name of Parker Chapman Limited,
a limited company registered in England and Wales, Company Number 15279302. Registered office address: 25 Storridge Road, Westbury, Wiltshire BA13 4HX, England. Principal: Janet Parker MA (Cantab) BFP FCA www.parkerchapman.co.uk