IRIS Accounts Production v23.3.0.418 Other Company accounts True false Pounds 1.7.22 30.6.23 30.6.23 FY FRS 102 Independent examiner Large and medium-sized companies regime for accounts Full Charities SORP true true true true false true false false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1615762022-06-30SC1615762023-06-30SC1615762022-07-012023-06-30SC1615762021-06-30SC1615762021-07-012022-06-30SC1615762022-06-30SC161576ns11:Originalns0:CharitableCompanyLimitedByGuarantee2022-07-012023-06-30SC161576ns11:Original2022-07-012023-06-30SC161576ns15:PoundSterlingns11:Original2022-07-012023-06-30SC161576ns11:Original2022-06-30SC161576ns11:Original2023-06-30SC161576ns11:Originalns11:FRS1022022-07-012023-06-30SC161576ns11:IndependentExaminationCharityns11:Original2022-07-012023-06-30SC161576ns11:Originalns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-07-012023-06-30SC161576ns11:Originalns11:FullAccounts2022-07-012023-06-30SC161576ns11:Originalns11:CharitiesSORP2022-07-012023-06-30SC161576ns11:Originalns16:EnglandWales2022-07-012023-06-30SC161576ns11:Originalns11:RegisteredOffice2022-07-012023-06-30SC161576ns11:Originalns0:Trustee22022-07-012023-06-30SC161576ns11:Originalns0:Trustee32022-07-012023-06-30SC161576ns11:Originalns0:Trustee42022-07-012023-06-30SC161576ns11:Originalns0:Trustee12022-07-012023-06-30SC161576ns11:Originalns0:Trustee52022-07-012023-06-30SC161576ns11:Originalns0:Trustee62022-07-012023-06-30SC161576ns11:Originalns11:CompanySecretary12022-07-012023-06-30SC161576ns11:Original2021-07-012022-06-30SC161576ns11:Original2021-06-30SC161576ns11:Original2022-06-30SC161576ns11:Originalns10:WithinOneYear2023-06-30SC161576ns11:Originalns10:WithinOneYear2022-06-30SC161576ns11:Originalns0:TotalUnrestrictedFunds2023-06-30SC161576ns11:Original22022-07-012023-06-30SC161576ns11:Original32022-07-012023-06-30
REGISTERED COMPANY NUMBER: SC161576 (Scotland)
REGISTERED CHARITY NUMBER: SC024191














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 June 2023

for

TIME-OUT CLUB

TIME-OUT CLUB






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Report of the Trustees 1

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6

Notes to the Financial Statements 8

TIME-OUT CLUB (REGISTERED NUMBER: SC161576)

Report of the Trustees
for the Year Ended 30 June 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance education through the provision and supervision of learning-orientated activities and outings for children attending schools in Bearsden and Milngavie and environs during out of school hours and school holidays.

To promote and/or provide training in the skills associated with the care and supervision of children.

We will achieve our aims as outlined in the statement the following ways:

Time Out Club will adhere to policies and procedures that are available to all users of the club.

We will demonstrate a process of critical evaluation on the, The Care Inspectorate New Quality Framework (March 2022) for Day-care of children, childminding and school-aged childcare. Together with six high-level questions for an improvement program for future developments and any factors that influence it.

Operating to all the current legal requirements and national policies.

Promoting local community resources and inter-professional involvement.

-What key outcomes have we achieved?
-How well do we meet the needs of our service users?
-How good is our delivery of services?
-How good is our management?
-How good is our leadership?
-What is our capacity for improvement?

We will employ confident and competent staff, who are suitable to enter the childcare workforce with a sound understanding of their roles and responsibilities; they will have equal access to all training.

We will provide a balanced range of activities for the children.

When planning the activity programme the staff will use the children's suggestions, opinions, developmental needs, ages, and stages together with the attendance pattern of each child.

We will operate a continual self-evaluation scheme and involve all staff, children and parents/carers in this process.

We will encourage parents, children and young people to contribute and participate in TOC by;-

-Appealing for ideas, suggestions and participation for day to day activities.
-Organising both Board meetings and children's council meetings.
-Making information about the service readily available to members of the community.

All staff will be registered with the SSSC and adhere to the Codes of Practice.

We aim to provide best practice for childcare workers, parents, children and young people.

Significant activities
The principal activity of the charitable company during the year was that of the provision of after school care and activities for children in Milngavie and environs.

Public benefit
The trustees confirm that the charitable company is a public benefit entity.

TIME-OUT CLUB (REGISTERED NUMBER: SC161576)

Report of the Trustees
for the Year Ended 30 June 2023

ACHIEVEMENT AND PERFORMANCE
Charitable activities
Staff recruitment is a challenging process; this has become problematic in our sector to recruit the appropriate personnel.

19 staff.

7 Board members.

FINANCIAL REVIEW
Financial position
The trustees consider the charitable company to be in a healthy financial position at the year end.

Reserves policy
The charitable company pledges any reserves to the continued development of all activities and projects current and future. The charitable company is working towards a two month operational reserves policy.

Going concern
The trustees will analyse the charity's financial position each Board meeting which will allow the charity to continue operating for the foreseeable future.

FUTURE PLANS
We will continue to provide quality out of school care within the community, meeting the children's needs and development.

Our staff team will continue, educating and developing themselves to ensure qualified and knowledgeable workforce.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 14 November 1995. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up the members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purposes of charity law. Any member wishing to be considered for election as a trustee is required to lodge a signed written notice with the company for approval at the annual general meeting. The maximum permitted number of trustees is 7.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC161576 (Scotland)

Registered Charity number
SC024191

Registered office
CE Centre
Allander Road
Milngavie
Glasgow
Strathclyde
G62 8PN


TIME-OUT CLUB (REGISTERED NUMBER: SC161576)

Report of the Trustees
for the Year Ended 30 June 2023

Trustees
Sarah Harris Convenor
Adele L'Etang Vice Convenor (appointed 10.10.2022)
Michelle Little Secretary (appointed 10.10.2022)
Celeste Gilbey
Stephen Edwards Brown
Emily Gorgoglione

Trustees who are not directors
Julie Cocker

Treasurer
C J Accounting

Company Secretary
Celeste Gilbey

Independent Examiner
Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 1 November 2023 and signed on its behalf by:





Sarah Harris - Trustee

Independent Examiner's Report to the Trustees of
Time-Out Club

I report on the accounts for the year ended 30 June 2023 set out on pages five to twelve.

Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

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 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

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.








Keith Edwards CA
The Institute of Chartered Accountants of Scotland

Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA

2 November 2023

TIME-OUT CLUB

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 30 June 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 9,750 10,695

Charitable activities
Recreational facilities 438,277 360,910
Total 448,027 371,605

EXPENDITURE ON
Charitable activities
Recreational facilities 440,236 386,142

NET INCOME/(EXPENDITURE) 7,791 (14,537 )


RECONCILIATION OF FUNDS
Total funds brought forward 143,473 158,010

TOTAL FUNDS CARRIED FORWARD 151,264 143,473

TIME-OUT CLUB (REGISTERED NUMBER: SC161576)

Balance Sheet
30 June 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Cash at bank and in hand 179,801 178,732

CREDITORS
Amounts falling due within one year 5 (28,537 ) (35,259 )

NET CURRENT ASSETS 151,264 143,473

TOTAL ASSETS LESS CURRENT
LIABILITIES

151,264

143,473

NET ASSETS 151,264 143,473
FUNDS 6
Unrestricted funds 151,264 143,473
TOTAL FUNDS 151,264 143,473

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


TIME-OUT CLUB (REGISTERED NUMBER: SC161576)

Balance Sheet - continued
30 June 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 2 November 2023 and were signed on its behalf by:





Celeste Gilbey - Trustee





Sarah Harris - Trustee

TIME-OUT CLUB

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis.

The presentation currency of the financial statements is the Pound Sterling (£).

Statement of compliance
There were no material departures from the Charities SORP (FRS 102).

Statutory information
Time-Out Club is a charitable company, limited by guarantee, registered in Scotland. The company and charity registration numbers and registered office address can be found in the reference and administrative details section of the Report of the Trustees.

Income
Fees and registrations income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Grant income is recognised when the charity has entitlement to the funds, any performance conditions attached to the grant have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

A grant that is subject to performance conditions received in advance of delivering the services required by those conditions is accounted for as a deferred income liability on the Balance Sheet. Deferred income is released to the Statement of Financial Activities in the reporting period in which the performance conditions are met.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. The charitable company is not registered for VAT and therefore all expenditure is shown gross of irrecoverable VAT.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Operating leases
Short term rentals and hires are charged to the statement of financial activities as the expense is incurred.


TIME-OUT CLUB

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

1. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Basic financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102, to all its financial instruments.

Other debtors:
Other debtors, including prepayments and accrued income, are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents:
Cash and cash equivalents comprise cash at bank and on hand.

Other creditors:
Other creditors, including accruals and deferred income, are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Other operating leases 22,574 19,473
Independent examination 1,080 960

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.


One of the trustees is also an employee of the charitable company. While they receive remuneration as an employee, they receive no remuneration for being a trustee.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.



TIME-OUT CLUB

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

2023 2022
Trustees who are also directors 6 4
Trustees who are not directors 1 3
Full time & part time staff 19 21
26 28

No employees received emoluments in excess of £60,000.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Social security and other taxes 3,435 5,012
Other creditors 2,098 1,774
Accruals and deferred income 23,004 28,473
28,537 35,259

6. MOVEMENT IN FUNDS
Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Unrestricted funds
General fund 143,473 7,791 151,264

TOTAL FUNDS 143,473 7,791 151,264

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 448,027 (440,236 ) 7,791

TOTAL FUNDS 448,027 (440,236 ) 7,791


TIME-OUT CLUB

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.7.21 in funds 30.6.22
£    £    £   
Unrestricted funds
General fund 158,010 (14,537 ) 143,473

TOTAL FUNDS 158,010 (14,537 ) 143,473

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 371,605 (386,142 ) (14,537 )

TOTAL FUNDS 371,605 (386,142 ) (14,537 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.7.21 in funds 30.6.23
£    £    £   
Unrestricted funds
General fund 158,010 (6,746 ) 151,264

TOTAL FUNDS 158,010 (6,746 ) 151,264

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 819,632 (826,378 ) (6,746 )

TOTAL FUNDS 819,632 (826,378 ) (6,746 )


TIME-OUT CLUB

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2023 nor for the year ended 30 June 2022.