Finance Score: -10

Governance Score: -3

Support Score: 6

Accounts overdue -5
Multiple Deficits and declines: -5
No PartB

No conflicts policy: -1
Narrow trustee age band: -2
Static board: -3
Gender balanced board: +3

Large volunteers +3
Grant maker support: +3

Overall GiG Score: -7

TIME EXCHANGE LIMITED

The Time Exchange is a community time bank and drop-in centre based in the West End Newcastle.

Analysis by Giving is Great

Positives:

This charity has been successful in attracting volunteers relative to its size
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of gender

Regulatory & Governance issues to consider:

This charity does not have a Conflict of Interests policy
The Board composition appears to be rather static and has little diversity in terms of age

Financial issues to consider:

A PartB annual return has not been required and so detailed financial information is not available from the online data
Latest accounts are overdue for filing
Income has been volatile and on several occasions in recent years less than spending

Established: 17 years
(19 years as a company)

www.thetimeexchange.org

info@thetimeexchange.org

01912453814

Charity Commission for England and Wales

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
30/04/22	£24	£35	£-11	n/a	n/a	n/a	n/a	n/a	10
30/04/21	£30	£36	£-6	n/a	n/a	n/a	n/a	n/a	10
30/04/20	£21	£39	£-18	n/a	n/a	n/a	n/a	n/a	10
30/04/19	£69	£60	£9	n/a	n/a	n/a	n/a	n/a	10
30/04/18	£72	£69	£4	£0	£0	£0	n/a	0	10
30/04/17	£62	£55	£7	£0	£0	£0	n/a	0	0
30/04/16	£66	£76	£-11	£0	£0	£0	n/a	0	0
30/04/15	£45	£58	£-13	£0	£0	£0	n/a	0	0
30/04/14	£117	£66	£51	£0	£0	£0	n/a	0	0
30/04/13	£58	£61	£-2	£0	£0	£0	n/a	0	0
30/04/12	£67	£68	£-2	£0	£0	£0	n/a	0	0
30/04/11	£67	£68	£-2	£0	£0	£0	n/a	0	0
30/04/10	£57	£68	£-11	£0	£0	£0	n/a	0	0
30/04/09	£89	£79	£10	£0	£0	£0	n/a	0	0
30/04/08	£119	£105	£14	£0	£0	£0	n/a	0	0

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Highest pay bracket: less than £60,000

Listed activities

Economic/Community Development/Employment
Education/Training
Environment/Conservation/Heritage
General Charitable Purposes
The Prevention Or Relief Of Poverty

How it operates

Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides services

Where it operates

Newcastle Upon Tyne City,

Who it helps

Elderly/Old People
Other Charities Or Voluntary Bodies
People With Disabilities
The General Public/Mankind

Who works here?

Unknown number of employees
10 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
DCMS - Coronavirus Community Support Fund
£9,946	25/09/2020	"The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to ....more "The fund aims to:1) To reduce closures of essential charities that provide essential services to vulnerable groups during the COVID-19 crisis by ensuring they have the financial resources to operate, thereby reducing the burden on public services.2) To ensure essential services are provided to vulnerable people, both in the short and long term through increased community support through the work of charitable organisations."
National Lottery Community Fund - Community Timebank and Drop In Centre
£9,981	25/04/2019 12	The funding will continue to provide valuable skill sharing opportunities for members of the community in the West End of Newcastle by bringing people together for drop in support sessions.
Community Foundation serving Tyne & Wear and Northumberland - Core Costs to provide mental wellbeing support for local residents
£10,000	09/03/2018	Core Costs to provide mental wellbeing support for local residents
Community Foundation serving Tyne & Wear and Northumberland - Time Exchange Green Team
£2,876	05/03/2018	Time Exchange Green Team
Community Foundation Tyne & Wear & Nthmbrlnd - Community drop-in service and timebank - support for 2018/19 core costs
£3,000	02/02/2018	Community drop-in service and timebank - support for 2018/19 core costs
Community Foundation Tyne & Wear & Nthmbrlnd - Community drop-in service
£8,000	07/11/2017	Community drop-in service
Henry Smith Charity - Grant to Time Exchange Limited
£8,000	07/11/2017 12	towards one year's running costs of a project supporting a drop-in service providing advice and information, guidance and emotional support for new and existing residents in the west end of Newcastle
Tudor Trust - Grant to Time Exchange Limited
£30,000	27/03/2017 24	over two years as continuation funding towards the core costs of a time bank and community drop-in in the West End of Newcastle
Community Foundation Tyne & Wear & Nthmbrlnd - Towards Greening Wingrove Bike Garden and Community Orchard
£9,668	22/03/2017	Towards Greening Wingrove Bike Garden and Community Orchard
Tudor Trust - Grant to Time Exchange Limited
£60,000	30/09/2013 36	over three years towards the core costs of a time bank and community drop-in in the West End of Newcastle
Lloyds Bank Foundation - Grant to The Time Exchange
£16,000	29/06/2012	the salary costs of the Events and Administration Assistant

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

Based on 5/6 persons

Age Range of Trustees: 40-57

ANN ATKINSON Appointed: 2013, Occupation: Support Worker

CLARE PHILBRICK Appointed: 2017, Occupation: Chemical Engineer

DOMINIC ROBINSON Appointed: 2004, Occupation: Property Management

MARC BARBER Appointed: 2014, Occupation: Community Worker

SHAMAILA RIAZ Appointed: 2014, Occupation: Development Officer

TAMARA SYEDA BEGUM Appointed: 2013, Occupation: Housewife

Legal constitution

Charitable company registered in England & Wales on 29/08/2007, number: 1120686
Registered at Companies House on 12/05/2004, number: 05126423

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

15 returns made; all on time

Main office

TIME EXCHANGE
235 STANTON STREET
NEWCASTLE UPON TYNE
NE4 5LJ

Objectives

TO ADVANCE THE BENEFIT OF THE RESIDENTS OF THE SOCIALLY AND ECONOMICALLY DEPRIVED AREA OF THE WEST END OF NEWCASTLE UPON TYNE BY:1 OPERATING A TIME BANK AS A MEANS OF RELIEVING POVERTY, ADVANCING EDUCATION, RELIEVING UNEMPLOYMENT AND PROMOTING VOCATIONAL TRAINING FOR THE BENEFIT OF THE PUBLIC IN THE AREA2 DEVELOPING THE CAPACITY AND SKILLS OF THE MEMBERS OF THE COMMUNITY IN SUCH A WAY THAT THEY ARE BETTER ABLE TO IDENTIFY AND MEET THEIR NEED AND TO ENABLE THEM TO PARTICIPATE MORE FULLY IN SOCIETY3 ADVANCING THE EDUCATION OF THE PUBLIC BY THE PROVISION OF INFORMATION AND ADVICE WITH THE REFERENCE TO WELFARE RIGHTS AND HEALTH RELATED ISSUES

Defined Area of Benefit:

WEST END OF NEWCASTLE UPON TYNE

Data Sources