## **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**|Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
|||||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
||Yes*
No*
N/a*|||
|||||
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|-|
CC17a (Excel)
30/10/2025
8
## **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
9
## **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
10
## **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)
30/10/2025
14
**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:
1. 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
2. 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