Annual Report and Financial Statements
for the Year Ended 31 March 2025
Transformation Community Church formerly New Life Church Crawley
Charity registration number: 1054438
Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
## **TRANSFORMATION COMMUNITY CHURCH**
## **CONTENTS**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Financial Statements|10 to 18|
## **TRANSFORMATION COMMUNITY CHURCH**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Trustees**
Elizabeth Tapp David Dickson Elizabeth Dickson Ian Tapp Keegan Singh Amelia Singh Kerry Murray
**Charity Registration** 1054438 **Number**
**Principal Office** The Glade Furnace Green Crawley West Sussex RH10 6JL **Independent Examiner** G W Schulz FCMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF **Bankers** HSBC 9 The Boulevard Crawley West Sussex RH12 1UT
Page 1
## **TRANSFORMATION COMMUNITY CHURCH**
## **TRUSTEES' REPORT**
The Trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2025.
## **Structure, governance and management**
## _**Nature of governing document**_
Transformation Community Church is a registered charity, number 1054438, and is constituted under a Trust deed.
## _**Recruitment and appointment of Trustees**_
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## _**Risk management**_
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
## **Objectives and activities**
## _**Objects and aims**_
The objects of the Church are for the benefit of the public, to:
- advance the Christian faith;
- relieve sickness and financial hardship through the provision of funds, goods or
- services of any kind including through the provision of counselling and support; and
- advance education in such ways and in such parts of the UK or the World as the
- Trustees may think fit.
## _**Public benefit**_
The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## _**Vision and values**_
At Transformation Community Church, we are committed to fulfilling our vision to:
- Bring the good news of New Life in Jesus;
- Represent Jesus by being an Ark and Refuge; and
- Make disciples who wholeheartedly serve Jesus.
Page 2
## **TRANSFORMATION COMMUNITY CHURCH**
## **TRUSTEES' REPORT (CONTINUED)**
To help us fulfil this vision, there are several key values we lead the church in:
**Encountering Holy Spirit** - We are committed to allowing the Holy Spirit to be actively involved in our community life through spiritual gifts, the word of God and congregational participation.
**Operating in Grace** - We seek to be a grace filled church that welcomes all whatever the stage of the journey in faith.
**Transforming Teaching** - We believe in biblical, anointed teaching as a catalyst for transformation in individuals’ lives.
**Motivating Mission** - We acknowledge the importance of mission that reaches and supports the local community and into other nations.
**Engaging Worship** - We will provide regular opportunities for people to encounter God in a variety of styles through the power of God the Holy Spirit.
## **Achievements and performance**
## _**Review of actvities**_
The Trustees are thankful for the continued outworking of His vision and purposes for Transformation Community Church through the many dedicated individuals serving alongside the Trustees in the various departments of the church.
Trustee meetings were held, and decisions were made in a hybrid fashion with a mixture of online, email communication where necessary as allowed under Charity Commission guidelines. We continued to make use of technology and social media to live stream the service to people who were unable to attend in person with others from different nations connecting to the ministry.
## _Ministerial Support & Ministries_
The relationship with AoG (Assemblies of God) was maintained, and leaders, including David and Beverley, along with Pastor Kerry Murray participating in key events such as area days and the national conference in Harrogate. Ongoing investment in the church’s children and youth ministry was further helped with volunteers stepping up, including the Cosmic Comets program and other initiatives such as Rooted Club at local schools.
## _Missions_
We were able to maintain ongoing contributions to international ministries, including support for schools and churches in Pakistan, Sri Lanka, and Nigeria with further developments planned for 2025 to include Ghana, Togo and Benin. Discussions on supporting TV ministry in Pakistan were deemed unsuitable for charitable funds at this stage. Contributions were made to specific missionary requests, including donation to purchase a generator for Pastor Eunice in Nigeria. Other donations included a school project in Pakistan, a building purchase completion in Pakistan with GLOM Church and a contribution to a new building project in Sri Lanka with Dr Suresh Ramachandran in Kandy.
Page 3
## **TRANSFORMATION COMMUNITY CHURCH**
## **TRUSTEES' REPORT (CONTINUED)**
## _Evangelism_
The Evangelism Team, under the direction of Sajjad Ahmad, continued with regular visits to the town centre. Key outreach events through the summer, the Light Party, Christmas and Easter have also been advertised and information distributed in the area to make available the events and activities to those in the community. David, Kerry and Saj were also able to contribute to IBTI Bible College Evangelism Course held in the Spring of 2025.
## _Safeguarding & Pastoral Care_
Beverley Dickson continued to serve in her role as Safeguarding co-ordinator ensuring we are kept up to date with DBS checks, current legislation and ongoing supportive role with Thirty-One Eight while Liz Tapp continues to serve in her role as Pastoral Care Team Co-ordinator. We were able to train team members in several key areas of support and ministry to see people released into their gifts using the APEST Model of gift discovery and deployment in the incoming year.
## _Building Work_
Significant updates to church facilities, including improvements to the roof and plumbing issues were resolved with the help of volunteers and paid professionals to ensure good use of the fabric of the building. An ongoing relationship with bank volunteers to allow for basic maintenance work to be scheduled continues to allow us to plan for exterior and interior updates which will include repainting of the church car park.
## _Name change and vision update - Transformation Community Church_
At a second discussion on the matter of a name change and vision update, David explained the journey behind the proposed name change. This came through fasting and prayer over a space of time dating back to January 2024. The name change reflects the core message of the church that is the developing for transformation God desires, emphasising a deep, often internal, change that results in a completely different state or form in ongoing change. We formally acknowledge and give thanks for the legacy of the last 44 years of history in the life of the church, prior to that having met for a period in Furnace Green Community Centre. We recognise the significant sacrifices that have been made over the years to get us to where we today and so remain thankful to those who served, gave and led during this time and acknowledge their legacy. We also want to fully embrace the representation of what God wants to do in the new season for us as a Church community to continue to build an intergenerational, intercultural, international church.
After discussing the matter and comments from all the Trustees, David formally proposed the name change to Transformation Community Church and the updated vision. All Trustees have agreed to the name change, updated vision and signed the document to verify this change. Church members will be informed of the change on 15th April at the members meeting. The name change has been updated on the Charity commission website the week beginning 1st July and then we will launch in September with a celebration service. Website and emails have been updated and used starting from 1 July 2025.
Page 4
## **TRANSFORMATION COMMUNITY CHURCH**
## **TRUSTEES' REPORT (CONTINUED)**
The Trustees also discussed the proposal by Kerry regarding mentoring and formally accepted the mentoring program in building the intergenerational aspect of the Church. Training regarding this will be led by Kerry with input from Bev in her safeguarding role.
The key values remain consistent, guiding our activities and focus:
- Encountering Holy Spirit
- Operating in Grace
- Transforming Teaching
- Motivating Mission
- Engaging Worship
## **Financial review**
Finances have remained stable during the year with the charity’s income from donations, missions, and internal fundraising. Year-end processes were handled efficiently with oversight from Liz and Winnie the administrator.
Income for the year amounted to £90,635 (2024: £113,188) and expenditure £102,502 (2024: £111,175), resulting in a deficit of £11,867 (2024: surplus £2,013). Total funds carried forward amount to £457,901 (2024: £469,768) of which £453,955 (2024: £461,858) are unrestricted.
The Trustees have continued to regularly monitor the financial status of the church and continue to operate prudence in challenging economic environment for Churches in the UK. This continues to be a matter of review and governance for the Trustees to ensure that we are meeting our current obligations which we are pleased to be able to do.
## _**Going concern**_
The Trustees have performed a review of the financial position of the church and believes there are sufficient resources to manage any financial risks. We have continued to manage our finances prudently. The Trustees reasonably expect that we have adequate resources to continue operating for the foreseeable future. Therefore, the Trustees continue to adopt the going concern basis of accounting in preparing the annual report and financial statements.
Page 5
## **TRANSFORMATION COMMUNITY CHURCH**
## **TRUSTEES' REPORT (CONTINUED)**
## **Statement of Responsibilities**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The annual report was approved by the Trustees of the charity on 20 June 2025 and signed on its behalf by:
......................................... David Dickson Trustee
Page 6
## **TRANSFORMATION COMMUNITY CHURCH**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRANSFORMATION COMMUNITY CHURCH**
I report to the Trustees on my examination of the accounts of Transformation Community Church for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the charity Trustees of Transformation Community Church you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Transformation Community Church's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of Transformation Community Church as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... G W Schulz FCMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF
20 June 2025
Page 7
## **TRANSFORMATION COMMUNITY CHURCH**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025**
|**Note**
**Unrestricted**
**funds**
**£**
**Income and Endowments from:**
Donations and legacies
2
80,586
Investment income
3
-
Total income
80,586
**Expenditure on:**
Charitable activities
4
92,986
Total expenditure
92,986
Net
(expenditure)/income
(12,400)
**Other recognised**
**gains and losses**
Gains/losses on
revaluation of fixed
assets for charity's own
use
4,497
Net movement in funds
(7,903)
**Reconciliation of funds**
Total funds brought
forward
461,858
Total funds carried
forward
12
453,955|**Restricted**
**funds**
**£**
10,038
11
10,049
14,013
14,013
(3,964)
-
(3,964)
7,910
3,946|**Total**
**2025**
**£**
90,624
11
90,635
106,999
106,999
(16,364)
4,497
(11,867)
469,768
457,901|**Total**
**2024**
**£**
113,096
92|
|---|---|---|---|
||||113,188|
||||111,175|
||||111,175|
||||2,013
-|
||||2,013
467,755|
||||469,768|
The notes on pages 10 to 18 form an integral part of these financial statements. Page 8
## **TRANSFORMATION COMMUNITY CHURCH**
## **BALANCE SHEET AS AT 31 MARCH 2025**
|**Note**
**Fixed assets**
Tangible assets
8
**Current assets**
Debtors
9
Cash at bank and in hand
**Creditors: Amounts falling due within one year**
10
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted income funds**
Restricted funds
**Unrestricted income funds**
Unrestricted funds
**Total funds**
12|**2025**
**£**
371,334
371,334
13,097
74,919
88,016
(1,449)
86,567
457,901
3,946
453,955
457,901|**2024**
**£**
375,863|
|---|---|---|
|||375,863|
|||18,109
76,779|
|||94,888
(983)|
|||93,905|
|||469,768|
|||7,910
461,858|
|||469,768|
The financial statements on pages 8 to 18 were approved by the Trustees, and authorised for issue on 20 June 2025 and signed on their behalf by:
......................................... David Dickson Trustee
The notes on pages 10 to 18 form an integral part of these financial statements. Page 9
## **TRANSFORMATION COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Transformation Community Church meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) 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.
## **Going concern**
The Trustees are satisfied that there are no material uncertainties relating to events or conditions which cast doubt upon the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Gift aid**_
Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.
## _**Interest receivable**_
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.
Page 10
## **TRANSFORMATION COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)**
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## _**Grant provisions**_
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|**Asset class**|**Depreciation method and rate**|
|---|---|
|Land and buildings|2% on cost|
|Furniture and fittings|25% on cost|
|Equipment|25% on cost|
## **Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 11
## **TRANSFORMATION COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)**
## **Liabilities**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the Trustees discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the Trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
## **2 Income from donations and legacies**
|Donations and legacies;
Donations
Gift aid reclaimed
Other income from
donations and legacies|**Unrestricted**
**funds**
**General**
**£**
67,324
10,123
3,139
80,586|**Restricted**
**funds**
**£**
10,038
-
-
10,038|**Total**
**2025**
**£**
77,362
10,123
3,139
90,624|**Total**
**2024**
**£**
91,815
20,316
965|
|---|---|---|---|---|
|||||113,096|
Page 12
## **TRANSFORMATION COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)**
## **3 Investment income**
|Interest receivable and similar income;
Interest receivable on bank deposits|**Restricted**
**funds**
**£**
11|**Total**
**2025**
**£**
11|**Total**
**2024**
**£**
92|
|---|---|---|---|
## **4 Expenditure on charitable activities**
|**Unrestricted**
**funds**
**Restricted**
**Note**
**Designated**
**£**
**General**
**£**
**funds**
**£**
Evangelism/Training
-
4,723
-
Ministry costs
-
2,503
-
Sunday School
-
6
-
Premises expenses
-
11,995
-
Advertising and
publicity
-
160
-
Equipment
-
1,838
-
Printing, postage and
stationery
-
127
-
General
administrative
expenses
-
2,129
-
Subscriptions
1,300
2,089
-
Hospitality
-
139
-
Travel costs
-
554
3,408
Legal and
professional fees
-
641
-
Bank charges
-
198
129
Sundries
-
161
-
Independent
examination
-
912
-
Depreciation
-
9,576
-
Grant funding of
activities
5
-
4,571
10,476
Staff costs
7
-
49,364
-
1,300
91,686
14,013|**Total**
**2025**
**£**
4,723
2,503
6
11,995
160
1,838
127
2,129
3,389
139
3,962
641
327
161
912
9,576
15,047
49,364
106,999|**Total**
**2024**
**£**
12,052
1,717
-
12,956
-
1,392
47
1,080
2,974
360
313
744
390
2
870
15,753
20,116
40,409|
|---|---|---|
|||111,175|
Page 13
## **TRANSFORMATION COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)**
## **5 Grant-making**
## **Analysis of grants**
|Mission donations|**Grants to institutions**
**2025**
**£**
**2024**
**£**
15,047
20,116|
|---|---|
## **6 Trustees remuneration and expenses**
During the year, three Trustees received remuneration as employees of the church amounting to £39,944 (2024: Three Trustees £37,174).
During the year, two Trustees received benefits in kind in the form of pension contributions amounting to £802 (2024: One Trustee £686).
During the year, the business owned by a Trustee supplied materials and property maintenance work amounting to £1,254 (2024: £308).
The only other payments made to the Trustees, or any person connected with them, consisted of reimbursements of expenditure incurred on behalf of the charity in furthering the charity's objects.
## **7 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Pension costs|**2025**
**£**
48,562
802
49,364|**2024**
**£**
39,780
629|
|---|---|---|
|||40,409|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
||**2025**||**2024**||
|---|---|---|---|---|
||**No**||**No**||
|Staff||3||2|
No employee received emoluments of more than £60,000 during the year
Page 14
## **TRANSFORMATION COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)**
## **8 Tangible fixed assets**
|**Land and**
**buildings**
**£**
**Furniture**
**and**
**fixtures**
**£**
**Cost**
At 1 April 2024
420,000
19,788
Additions
-
-
At 31 March 2025
420,000
19,788
**Depreciation**
At 1 April 2024
42,000
23,580
Revaluations
-
(4,498)
Charge for the year
8,400
353
At 31 March 2025
50,400
19,435
**Net book value**
At 31 March 2025
369,600
353
At 31 March 2024
378,000
(3,792)
**9 Debtors**
Accrued income
**10 Creditors: amounts falling due within one year**
Trade creditors
Other taxation and social security
Other creditors
Accruals|**Land and**
**buildings**
**£**
**Furniture**
**and**
**fixtures**
**£**
**Cost**
At 1 April 2024
420,000
19,788
Additions
-
-
At 31 March 2025
420,000
19,788
**Depreciation**
At 1 April 2024
42,000
23,580
Revaluations
-
(4,498)
Charge for the year
8,400
353
At 31 March 2025
50,400
19,435
**Net book value**
At 31 March 2025
369,600
353
At 31 March 2024
378,000
(3,792)
**9 Debtors**
Accrued income
**10 Creditors: amounts falling due within one year**
Trade creditors
Other taxation and social security
Other creditors
Accruals|**Equipment**
**£**
9,624
550||**Total**
**£**
449,412
550
449,962
73,549
(4,498)
9,577
78,628
371,334
375,863
**2024**
**£**
18,109|
|---|---|---|---|---|
|||10,174|||
|||7,969
-
824|||
|||8,793|||
|||1,381|||
|||1,655|||
|||**2025**
**£**
13,097
**2025**
**£**
151
272
294
732
1,449|||
|||||**2024**
**£**
153
-
140
690|
|||||983|
Page 15
## **TRANSFORMATION COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)**
## **11 Pension and other schemes**
## **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £802 (2024 - £629).
Contributions totalling £294 (2024 - £141) were payable to the scheme at the end of the year and are included in creditors.
Page 16
## **TRANSFORMATION COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)**
## **12 Funds**
|||||||**Balance**|
|---|---|---|---|---|---|---|
||**Balance**|||**Other**||**at 31**|
||**at 1 April**|**Incoming**|**Resources**|**recognised**||**March**|
||**2024**|**resources**|**expended**
**gains/(losses)**|||**2025**|
||**£**|**£**|**£**|**£**||**£**|
|**Unrestricted funds**|||||||
|**_General_**|||||||
|General Funds|456,358|80,586|(91,686)|4,497||449,755|
|**_Designated_**|||||||
|Training fund|5,500|-|(1,300)||-|4,200|
|**Total unrestricted**|||||||
|**funds**|461,858|80,586|(92,986)|4,497||453,955|
|**Restricted funds**|||||||
|Mission fund|7,910|10,049|(14,013)||-|3,946|
|**Total funds**|469,768|90,635|(106,999)|4,497||457,901|
|**Designated funds:**|||||||
|The **Training fund** is to fund Kerry Murray's training and miscellanous costs.|||||||
|**Restricted funds**:|||||||
|The **Mission fund** is to support specific||mission costs.|||||
|||||||**Balance**|
||**Balance**|||||**at 31**|
||**at 1 April**|**Incoming**|**Resources**|||**March**|
||**2023**|**resources**|**expended**|**Transfers**||**2024**|
||**£**|**£**|**£**|**£**||**£**|
|**Unrestricted funds**|||||||
|**_General_**|||||||
|General Funds|460,061|94,287|(92,490)|(5,500)||456,358|
|**_Designated_**|||||||
|Training fund|-|-|-|5,500||5,500|
|**Total unrestricted**|||||||
|**funds**|460,061|94,287|(92,490)||-|461,858|
|**Restricted funds**|||||||
|Mission fund|7,694|18,901|(18,685)||-|7,910|
|**Total funds**|467,755|113,188|(111,175)||-|469,768|
Page 17
## **TRANSFORMATION COMMUNITY CHURCH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (CONTINUED)**
## **13 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted funds**
**General**
**£**
**Designated**
**£**
371,334
-
79,870
4,200
(1,449)
-
449,755
4,200
**Unrestricted funds**
**General**
**£**
**Designated**
**£**
375,862
-
81,478
5,500
(982)
-
456,358
5,500|**Restricted**
**funds**
**£**
-
3,946
-
3,946
**Restricted**
**funds**
**£**
-
7,910
-
7,910|**Total funds**
**at 31**
**March**
**2025**
**£**
371,334
88,016
(1,449)|
|---|---|---|---|
||||457,901|
||||**Total funds**
**at 31**
**March**
**2024**
**£**
375,862
94,888
(982)|
||||469,768|
Page 18