Registered Charity Number 1062561 Registered Company Number 03329394
TRANSFORMED INTERNATIONAL LTD
REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
TRANSFORMED INTERNATIONAL LTD Reports and accounts
| Contents |
Page |
|---|---|
| Trustees’ Report | 3 |
| Statement of Directors’/Trustees’ Responsibilities | 7 |
| Independent Examiner’s Report | 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet |
13 |
| Statement of cash flows | 14 |
| Notes to the accounts | 15 |
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TRANSFORMED INTERNATIONAL LTD
The report of the Trustees for the year ended 31 December 2022
Introduction
The trustees present their annual director’s report and financial statements for the year ended 31 December 2022 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and 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 2015).
Purpose and Activities of the Charity
Charitable objectives
The principal activities of the company set out in the Memorandum and Articles of Association are:
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To advance the Christian Faith in Africa and in such other parts of the world as the Trustees may from time-to-time think fit.
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To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve distress caused thereby in Africa and in such other parts of the world as the Trustees may from time-to-time think fit.
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To advance the provision of employment and training for employment for those in financial and economic need in Africa and in such other parts of the world as the Trustees may from time-to-time think fit.
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To advance education in accordance with Christian principles in Africa and in such other parts of the world as the Trustees may from time-to-time think fit.
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To promote and fulfil such other charitable purposes beneficial to the community in Africa and in such other parts of the world as the Trustees may from time-to-time think fit.
ACHIEVEMENTS AND PERFORMANCE REVIEW OF EVENTS OF THE YEAR – 2022
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There were a number of trips made by UK directors to Africa in 2022, especially seeking to visit those nations that hadn’t received a visit from UK Board members since preCovid. The main purpose of these trips was to encourage and re-envision the African team members and to assess the state of the work in each nation. Roger London visited Rwanda and Uganda in August, followed by a combination trip by Roger & Glenys London taking in visits to the teams in Tanzania, Zanzibar, Malawi and Zambia. Ali and Lorraine Patience also visited Kailahun District, Sierra Leone to visit the team there and to assess the ongoing work.
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Spiritual Transformation training programmes were held in various countries in which Transformed International is working, including Uganda, Kenya, Tanzania, Burundi, Zambia, Malawi and Sierra Leone. This programme continues to enable the training of many church pastors and leaders from across the Christian denominations.
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TRANSFORMED INTERNATIONAL LTD
The report of the Trustees for the year ended 31 December 2022
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The two-year teaching and personal development programme for young people – the Africa Youth Award (AYA) – continued to be developed in several of the countries in which Transformed International is working, including Sierra Leone, Zambia and Kenya. Roger & Glenys London and Ali & Lorraine Patience were able to visit a number of AYA groups on their visits. The process of registering all AYA groups online began in 2022.
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We continued to financially support nursery schools (for children ages 4-7) in eight of the countries in which Watchmen international operates.
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The Lifewater distribution project continued to operate even throughout the Covid-19 pandemic and has successfully continued since then. The Lifewater Villages programme is sponsored by the Aall Foundation, and the Refugee Settlement programmes are sponsored by Water Works. All trips by UK directors to Uganda include a Lifewater distribution activity. In August Roger London visited both Kyaka II and Rhino Camp Refugee Settlements to participate in distributions there and to meet with the local Lifewater teams. In late 2022 it was decided to bring the work in Rhino Camp Refugee Settlement to an end, consolidating our Refugee Settlement activity to just Kyaka II Settlement. Monitoring of all homes, schools and health centre, that have been recipients in Lifewater programmes, takes place every 4-5 months by our local Lifewater teams. The results from this monitoring exercise continue to be extremely good.
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Again, little activity was carried out in South Sudan because of the continuing unstable political situation in this country. However, the indigenous team in South Sudan continued to receive some financial support for the team members’ families.
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Funding for the ministry expenses of the indigenous teams and for the support of the nursery schools was transferred to the relevant national teams on a bi-monthly basis.
FUTURE PLANS – 2023
1. Trips by UK Board members are planned to a number of African countries, including Uganda, Kenya, Tanzania (including Zanzibar), Sierra Leone and Liberia, in order to encourage our African teams as they move forward with the Spiritual Transformation training, the Africa Youth Award programme and Lifewater Projects. It is hoped, depending on the security situation, that a meeting with members of the South Sudan team can also take place to assess the work there.
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To continue Lifewater Village Projects in Uganda, Kenya, Rwanda and Tanzania (Zanzibar). Monitoring and evaluation of the projects will continue to be carried out by our Lifewater and AYA teams.
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Both the Spiritual Transformation and AYA programmes are to be further developed in the nations where they have been established.
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Further observation and inspection visits will be made to Transformed International supported nursery schools, by Bernard Makoba, our Ugandan Schools Supervisor, in the countries where we are working. Teacher training will also be taking place in Sironko, Eastern Uganda.
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TRANSFORMED INTERNATIONAL LTD
The report of the Trustees for the year ended 31 December 2022
- Ongoing fund-raising for Lifewater and the Africa Youth Award through deputation /conference work / sponsored events, will be undertaken by UK Board members and other supporters.
Transactions and Financial position
Financial Review
The Statement of Financial Activities show net incoming resources for the year of a revenue nature of £7,115, (2021: £6,330 deficit)
The total reserve at the yearend stand at £18,977, (2021: £11,862).
Free unrestricted liquid reserves amounted to £1,995.
Policies on reserves
Adequate reserves are maintained to fund the charity’s activities for at least six months forward.
Availability and adequacy of assets of the funds
The board of Trustee is satisfied that the charity assets in each fund are available and adequate to fulfil its obligations in respect of reach fund.
The trustees have examined the requirement for free reserves, which are those unrestricted funds not invested in fixed assets, designated for specific purposes or otherwise committed. The Trustees consider that currently, given the nature of the work, the balance in hand at the 31 December 2022 is more than sufficient to give flexibility to cover adequate working capital requirements for committed costs for a year. However, the trustees keep this under regular review as circumstances change. As referred to above the free liquid reserves at 31 December 2022 consist of the general reserves of £1,995.
Share Capital
The Company is limited by guarantee and therefore has no share capital.
Reference and administrative details
Date of incorporation: 07 March 1997 Company Registration Number: 03329394 (England & Wales) The Registered Office is: 34 Burton Road, Little Neston, Cheshire, CH64 9RA Charity Registration Number: 1062561
Date registered as a Charity: 29 May 1997
Directors and trustees
The trustees and officers serving during the year end were as follows: Mrs GS London - Chairman Mr RC London – Trustee M DC Serle - Trustee and Company Secretary Mr AJ Patience – Trustee Mrs LJ Patience – Trustee Mr PJ Muller – Trustee
All the directors of the company are also the Trustees of the charity, and their responsibilities include all the responsibilities of the directors under the Companies Acts and of Trustees under the Charities Act.
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TRANSFORMED INTERNATIONAL LTD The report of the Trustees for the year ended 31 December 2022
TRANSFORMED INTERNATIONAL STRUCTURE DECEMBER 2022
----- Start of picture text -----
Contact Information:
UK Directors
Web: www.transformedinternational.org
UK email:
david.serle@transformedinternational.org
rogerlondon777@yahoo.co.uk
African Africa email:
International Team labmbabazi@yahoo.com
HQ: Kasese, Uganda Africa mobile: +256 77267 5866
UK mobile: +44 7944 225839
African National Teams:
Uganda Rwanda DR Congo Burundi Tanzania Kenya S. Sudan Zambia Malawi u S / Leone Liberia
----- End of picture text -----
UK Board includes: Glenys London (UK Chairperson), Roger London (Africa Chief Operations Officer), David Serle (International Communications Coordinator and Secretary), Nancy Serle (Treasurer), Alastair & Lorraine Patience, Paul Muller
The African International Team includes: Laban (Uganda, Int. Treasurer & Auditor) & Lillian Mbabazi, Atanasio & Valencia Ngabirano,(Uganda), Caleb (Uganda, Africa Youth Award Co-Ordinator) & Grace Kabaho, Octavious & Christine Irumba (Uganda) William & Elizabeth Nyelela (Kenya), Emmanuel & Joy Gasabira,(Rwanda), Alexandre & Judith Baliwa (DR Congo), Jonas & Anne-Marie Muhoza (Burundi)
The Board of trustees held regular meetings across the year, with 85%+ attendance for each meeting. Minutes from these meetings can be provided on application.
Nature of the Governing Documents and Constitution of the Charity
The Organisation is a charitable company limited by guarantee, incorporated on 07 March 1997 and registered as a charity on 29 May 1997. The Company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Article of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.
The methods adopted for the recruitment and appointment of new trustees
The directors of the company are also charity trustees for the purpose of charity law and under the Company’s Articles the directors are known as members of the charity. The directors are chosen to bring a wide variety of skills to the charity management. Trustees are selected on the basis of the sharing of the vision for the charity and whether their skills are those needed in order for the charity's objectives to be advanced. Any new appointment is considered by the trustees in their regular meetings and one of their number is deputed to approach the individual concerned. It is intended that in future new trustees will be required to shadow existing trustees prior to their appointment. New trustees are encouraged to engage in a suitable period of training.
All decisions are made directly by or by consultation with the trustees as a body.
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TRANSFORMED INTERNATIONAL LTD
The report of the Trustees for the year ended 31 December 2022
Trustees Induction
It is the policy for new trustees to receive a copy of the Trust Deed together with copies of the following Charity Commission Guideline booklets:
CC3A: The Essential Trustee – An introduction.
CC3: The Essential Trustee – What you need to know.
CC11: Trustee expenses and payments.
Training and induction are on on-going basis via attendance of trustee meetings.
Independent Examiner
Malcolm Wright, Elpizo Limited, Chartered Accountants, 13 Village Road, Higher Bebington, Wirral, CH63 8PP
Bankers
CAF Bank HSBC Centenary Rural Bank – Kasese, Uga
Statement of Director’s and Trustees’ Responsibilities
The charity trustees (who are also the directors of the charitable company for the purpose of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the report of the Trustees for the year ended 31 December 2020 incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing the financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently.
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observe the methods and principles in the Charities SORP.
make judgements and estimates that are reasonable and prudent.
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state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
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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 to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
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TRANSFORMED INTERNATIONAL LTD
The report of the Trustees for the year ended 31 December 2022
Statements as to disclosure to our independent examiner
In so far as the trustees are aware at the time of approving our trustees’ annual report: There is no relevant information, being information needed by the independent examiner in connection with preparing their report, of which the group’s auditor is unaware, and the trustees, having made enough enquiries of fellow directors that they ought to have individually taken, have each taken all steps that he/she is obliged to take as a director in order to make themselves aware of any relevant independent examination information and to establish that the independent examiner is aware of that information.
By order of the board of trustees
This report was approved by the board of Trustees on 15 July 2023
Mrs. G. London Chair
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TRANSFORMED INTERNATIONAL LTD
Independent Examiner’s Report to the Trustees of the Charity
Report of the Independent Examiners to the Trustees on the account of the Charity for the year ended 31 December 2022
I report on the financial statement of the charitable company on page 10 to 21 for the year ended 31 December 2022.
This report is made solely to the charity’s trustees, as a body, in accordance with Section 145 of the Charities Act 2011. My examination has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and charity’s trustees as a body, for my examination, for this report, or for the opinions I have formed.
Respective responsibilities of the Trustees and Examiner
As the charity trustees, who are also directors of the company for the purpose of the company law, you are responsible for preparation of the accounts in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the charity is not subject to audit under company law and under section 144(2) of the Charities Act 2011 (“the Charities Act”) and is eligible for independent examination. It is my responsibility to:
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Examine accounts under the section145 of the Charities Act;
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Follow the procedure laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
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To state whether particular matters have come to my attention
Basis of opinion and scope of work undertaken
My examination was carried out in accordance to general directions given by the charity commission. An examination includes a review of accounting records, kept by the charity and a comparison of accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts and seeks explanations from the Trustees concerning any such matters. The procedure undertaken does not provide all the evidence that would be required in an audit. Consequently, no opinion is given to whether the accounts present a true and fair view and report is limited to the matters set out in the statement below.
Independent Examiner’s Statement
In connection with examination, no matters have come to my attention;
Which gives me reasonable cause to believe that in any material respect the requirements;
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To keep accounting records in accordance with section 386 of the Companies Act 2006; and
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To prepare accounts which accord with the accounting records and comply with accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statements of Recommended Practice: Accounting and reporting by Charities have not been met; or,
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To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Malcolm Wright, Chartered Accountant
Elpizo Limited, 13 Village Road, Higher Bebington, Wirral CH63 8PP The date upon which my opinion is expressed is: 15 July 2023
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TRANSFORMED INTERNATIONAL LTD Statement of Financial Activities For the year ended 31 December 2022
| Unrestricted | Restricted Total Last Year |
||
|---|---|---|---|
| Funds | Funds Funds Total Funds | ||
| 2022 | 2022 2022 2021 |
||
| Notes | £ | £ £ £ |
|
| Income | |||
| Donations and legacies | 3 | 19,560 | 69,044 88,604 106,963 |
| Taxation recoverable | 4 | 3,192 | - 3,192 5,985 |
| Investment Income | 5 | 40 | -40 1 |
| Total Income | 22,792 | 69,044 91,836 112,949 | |
| Expenditure | |||
| Expenditure on charitable | |||
| activities | 6 | 27,270 | 56,651 83,921 118,524 |
| Governance costs | 800 | -800 755 | |
| Total expenditure | 28,070 | 56,651 84,721 119,279 | |
| Net income/(expenditure) for | the year (5,278) | 12,393 7,115 (6,330) | |
| Gross transfer between funds | - | - - - |
|
| Net movement in funds | (5,278) | 12,393 7,115 (6,330) | |
| Reconciliation of funds: | |||
| Total funds brought forward | 7,295 | 4,567 11,862 18,192 | |
| Total funds carried forward | 2,017 | 16,960 18,977 11,862 |
The net movement in funds to above in the net incoming resources as defined in the statement of Recommendation Practice for Accounting and reporting issued by the Charity Commission for England and Wales and is reconciled to the total funds as shown in the Balance Sheet on page 13 as required by the said statement.
All activities derive from continuing operation The notes on page 15 to 21 form an integral part of these accounts
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TRANSFORMED INTERNATIONAL LTD
Statement of Financial Activities For the year ended 31 December 2022 Income and Expenditure Account as required by the Companies Act
| Turnover Direct costs of turnover Gross surplus Governance costs Operating surplus Interest receivable Surplus on ordinary activities before tax Retained surplus for the financial year |
2022 2021 £ £ 91,796 112,948 83,921 118,524 |
|---|---|
| 7,875 (5,576) | |
800 755 7,075 (6,331) |
|
40 1 7,115 (6,330) 7,115 (6,330) |
All activities derive from continuing operations
The notes on pages 15 to 22 form integral part of these accounts.
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TRANSFORMED INTERNATIONAL LTD Statement of Financial Activities For the year ended 31 December 2022 Analysis of prior year total funds as required by paragraph 4.2 of Statement of Recommended Practice (SORP)
| Unrestricted | Unrestricted | Restricted Total | |
|---|---|---|---|
| Funds | Funds Funds | ||
| 2021 | 2021 2021 | ||
| Notes | £ | £ £ |
|
| Income | |||
| Donations and legacies | 3 | 18,336 | 88,627 106,963 |
| Taxation recoverable | 4 | 5,985 | - 5,985 |
| Investment Income | 5 | 1 | -1 |
| Total Income | 24,322 | 88,627 112,949 | |
| Expenditure | |||
| Expenditure on charitable | |||
| activities | 6 | 17,250 | 101,274 118,524 |
| Governance costs | 755 | -755 | |
| Total expenditure | 18,005 | 101,274 119,279 |
|
| Net income/(expenditure) for | the year | 6,317 | (12,647) (6,330) |
| Gross transfer between funds | - | - - |
|
| Net movement in funds | 6,317 | (12,647) (6,330) | |
| Reconciliation of funds: | |||
| Total funds brought forward | 978 | 17,214 18,912 | |
| Total funds carried forward | 7,295 | 4,567 11,862 |
All activities derive from continuing operation The notes on page 15 to 21 form an integral part of these accounts
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TRANSFORMED INTERNATIONAL LTD
Company Number 03329394 Balance Sheet As at 31 December 2022
| Balance Sheet As at 31 December 2022 |
||||||
|---|---|---|---|---|---|---|
| Notes Fixed Assets Tangible assets Total fixed assets Current Assets Debtors Cash at the bank and in hand Total current assets Creditors: - Amount due within one year 13 Net current assets Net assets The funds of the charity Unrestricted income funds Unrestricted revenue accumulated funds 16 Restricted revenue funds Restricted revenue accumulated funds 16 Total charity funds |
£ 21 19,890 19,911 (935) |
2022 £ 1 1 18,976 ______ 18,977 2,017 16,960 18,977 |
£ 21 17,360 17,381 |
2021 £ 1 1 (5,519) 11,862 _ 11,863 7,296 4,567 11,863 |
||
The directors are satisfied that the year ended on 31 December 2022 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 9.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
D Serle Trustee
G London D Serle Chair Trustee Approved by the board of Trustees on 15 July 2023 The notes on page 15 to 22 form an integral part of these accounts
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TRANSFORMED INTERNATIONAL LTD Statement of Cash Flows For the year ended 31 December 2022
| Notes Cash generated/used in operating activities 20 Cash flows from investing activities Interest Income Cash provided by investing activities Increase/Decrease in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Total cash and cash equivalents at the end of the year |
2022 2021 £ £ 2,490 (7,773) |
|
|---|---|---|
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TRANSFORMED INTERNATIONAL LTD
Notes to the Accounts for the year ended 31 December 2022
1. Accounting policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:
a) Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard application in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – (Charities SORP (FRS 102), the Financial Reporting Standard application in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Charity meets the definition of a public benefit entity under FRS 102. Assets & liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes(s).
b) Preparation of the accounts on a going concern basis
The financial statements are prepared on a going concern. The Charity is entirely dependent on continuing grant and donation support and as a consequence the going concern basis is also dependent on that continuing financial support.
c) Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. Income received in advance of the provision of specified services is deferred until the criteria for income recognition are met.
d) Donated services and facilities
Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised and refer to the trustees’ annual report for more information about their contribution. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
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TRANSFORMED INTERNATIONAL LTD Notes to the Accounts for the year ended 31 December 2022
e) 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 bank.
f) Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
g) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
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Expenditure on charitable activities includes the costs of activities undertaken to further the purposes of the charity and their associated support costs
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Other expenditure represents those items not falling into any other heading.
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Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
h) Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs which support the charitable activities. These costs have been allocated between costs of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note1.
i) Tangible fixed assets
Individual fixed assets costing £100 or more are capitalised as cost and are depreciated over their estimated useful economic lives on a straight-line basis as follows:
| Asset Category | Annual rate |
|---|---|
| Long leasehold building | 1-2% |
| Plant and equipment, and motor vehicles | 10-33% |
j) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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TRANSFORMED INTERNATIONAL LTD Notes to the Accounts for the year ended 31 December 2022
k) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
l) Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimating reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
m) Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2 Legal status of the Trust
The charity is a company limited by guarantee and has no share capital. In the event of the charity being would up, the liability in respect of the guarantee is limited to £1 per member of the charity.
3 Income from donations and legacies
| Donations Donations received |
2022 2021 £ £ 88,604 109,963 88,604109,963 |
|---|---|
The Trust benefits from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.
4 Income from taxation recoverable
| Unrestricted | Restricted | Total | Last Year | |
|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Tax recovered via gift aid | 3,192 | - | 3,192 | 5,985 |
| Total income from taxation | ||||
| recoverable | 3,192 | - | 3,192 | 5,985 |
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Notes to the Accounts for the year ended 31 December 2022
5 Investment income
All of the charity’s investment income of £40 (2021: £1) arises from money held in interest bearing deposit accounts.
| 6 | Analysis of expenditure on charitable activities | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Gifts to individuals |
545 | 967 | |
| African Youth Award expenses |
5,620 | 8,107 | |
| Extra mission travel exp. |
7,003 | (643) | |
| General ministry | - | 351 | |
| Emergency relief fund |
1,203 | ||
| International Team Extra ordinary travel | - | 73 | |
| International Team Family allowance |
1,045 | 1,027 | |
| International Team personal ministry ex. | 260 | 242 | |
| National Team expenses |
483 | 75 | |
| National Team Family allowance |
1,800 | 1,500 | |
| Spiritual transformation courses |
7,622 | 9,353 | |
| Other charitable expenses | - |
- | |
| Vehicle in Africa |
785 | 3,050 | |
| Aall village projects |
32,236 | 51,101 | |
| Life-Water projects |
1,329 | 5,498 | |
| Overseas School ministry support |
23,086 | 36,569 | |
| Office & others | 661 | 1,067 | |
| UK Bank charges |
243 | 187 | |
| Total |
83,921 | 118,524 |
Expenditure on charitable activities was £84,720(2021: £119,279) of which £27,270 was unrestricted (2021: £17,250) and £56,651 was restricted (2021: £101,274).
7 Summary analysis of expenditure and related income for charitable activities
This table shows the cost of the two main charitable activities and the sources of Income directly supports those activities.
| General School | Lifewater AYA | Total | |
|---|---|---|---|
| £ £ | £ £ |
£ | |
| Costs | (27,270) (23,086) | (33,565) ( - ) | (83,921) |
| Donations | 18,760 26,660 | 39,568 2,816 | 87,804 |
| Investment | income 40 - | - - |
40 |
| Taxation recoverable3,192- | - - | 3,192 | |
| (5,278) 3,574 | 6,003 2,816 | 7,115 |
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Notes to the Accounts for the year ended 31 December 2022
8 Analysis of governance and support costs
The charity initially identifies the costs of its support functions. It then identifies those costs which relate to the governance function. The charity’s governance costs in the year were for the Independent Examination amounting to £800 (2021: £755)
9 Net income/(expenditure) for the year
Net expenditure for the year This is stated after charging: Independent examiner’s fees |
2022 2021 £ £ 6,628 (6,330) 800 755 |
|---|---|
10 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel.
The Charity has no employees in the year.
The charity trustees were not paid or received any other benefits from employment with charity in the year (2021: £nil) neither were they reimbursed expenses during the year (2021: £nil). No charity trustees received payment for professional or other services supplied to the charity (2021: £nil).
The key management personnel of the charity comprise the trustee’s details of whom are included in the trustee’s annual report.
11 Corporation Taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
12 Related party transactions
The Charity operates rent free from premises owned by one of its Trustees.
13 Creditors: amounts falling due within one year.
| Creditors and accrued expenses VAT Payable |
2022 2021 £ £ 800 1,237 135 113 935 1,350 |
|---|---|
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Notes to the Accounts for the year ended 31 December 2022
14 Contingent assets – legacy income
- As at 31 December 2022 the charity had not been notified of any legacy income or prospective legacy income.
15 Analysis of charitable funds
Analysis of movements in unrestricted funds
| Balance | Funds | |||||
|---|---|---|---|---|---|---|
| 1 | January 2022 | Income | Expenditure | Transfers 31 December | ||
| 2022 | ||||||
| £ | £ | £ | £ | £ | ||
| General fund | 7,295 | 22,792 | (28,070) | - | 2,017 |
Analysis of movements in unrestricted funds – previous year
| General fund | Balance Funds 1 January Income Expenditure Transfer 31 December 2021 2021 £ £ £ £ £ 978 24,322 (18,005)- 7,295 |
|---|---|
Name of unrestricted Description, nature and purposes of the fund Fund
General fund The ‘free reserves’ after allowing for all designated funds.
Analysis of movements in restricted funds
| Africa Youth Awards Lifewater funds School funds |
Balance at Funds 1 January Income Expenditure Transfers 31 December 2022 2022 £ £ £ £ £ 3,121 2,816 ( - ) - 5,937 (6,178) 39,568 (33,565) - (175) 7,624 26,660 (23,086)-11,198 4,567 69,044 (56,651) - 16,960 |
|---|---|
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Notes to the Accounts for the year ended 31 December 2021
| 16 | Analysis of net assets between funds | Analysis of net assets between funds | ||
|---|---|---|---|---|
| General Designated | Restricted | Total | ||
| Fund Funds | Funds | |||
| £ £ |
£ | £ | ||
| Cash at bank and debtors |
7,519 - | 12,393 | 19,912 | |
| Other net current liabilities | (935)- | - | (935) | |
| Total |
6,584- | 12,393 | 18,977 | |
| Analysis of net assets between funds – previous year | ||||
| General Designated | Restricted | Total | ||
| Fund Funds | Funds | |||
| £ £ |
£ | £ | ||
| Cash at bank and in hand |
12,814 - | 4,567 | 17,381 | |
| Other net current liabilities | (5,518) - |
- | (5,518) | |
| Total | 7,296- | 4,567 | 11,863 |
17 Reconciliation of net movement in funds to net cash flow from operating activities
Net movement in funds Deduct interest income shown In investing activities Decrease in debtors Increase (decrease) in creditors Net cash used in operating activities |
2022 2021 £ £ 7,115 (14,091) (40) (1) - 2,161 (4,585) 4,158 2,490 (7,773) |
|---|---|
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