Company Registration No. 07329249
Charity No. 1138706
Transformation Cornwall
Financial Statements
31 December 2023
1
Transformation Cornwall
Company Information For the year ended 31 December 2023
Trustees
Rt Revd Hugh Nelson Nicolas Herian (resigned 9 August 2023) Glyn Jones Donna Birrell Christopher Weston Justin Day (appointed 9 August 2023) Revd Matthew Noble (appointed 9 August 2023)
Independent Examiner Whyfield Ltd
Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Mailing Kent ME19 4JQ
Registered Office Church House Woodlands Court Threemilestone Business Park Truro Cornwall TR4 9NH
2
Transformation Cornwall
Trustees' Annual Report For the year ended 31 December 2023
The trustees present their report and accounts for the year ended 31 December 2023.
Governing Document
Founded in 2010, Transformation Cornwall is a Joint Venture between the Diocese of Truro, the Methodist Church in Cornwall, Churches Together in Cornwall (CTC) and Church Urban Fund (CUF). Our priority is to strengthen and build the capacity and skills of the voluntary and faith sectors in Cornwall, focusing on social action and the relief of deprivation and poverty.
Vision, Aims and Objectives
Our vision is to see faith action at the heart of flourishing communities in Cornwall. Our Mission is to strengthen social action across Cornwall.
We work in three main ways:
-
Delivering the Meet the Funders programme.
-
One to one bespoke support to individual churches, faith groups and grassroot organisations in
-
Cornwall.
-
Strengthening links- connecting faith based and non-faith organisations around our six core themes.
Activities and Achievements
Meet the Funders
Meet the Funders is an innovative year-long programme providing conferences and workshops to inform, inspire and strengthen community work in Cornwall. Delivered in partnership with the Diocese of Truro, Meet the Funders supports projects that address poverty, exclusion, isolation, and rurality. Open to people and projects of all faiths and none, the programme provides conferences and workshops which give networking opportunities, advice, and support. The programme begins with a large annual spring event with invited local and national funders and follows with a series of smaller workshops. These workshops take participants through the key stages of developing, funding, and sustaining a community social action project. Throughout the programme, we collaborate with former Meet the Funders recipients to share their experiences of inspirational transformation, their project development path, and to help us share and celebrate best practise. We have been running Meet the Funders in various formats for the past 12 years, and it has a solid reputation among participants and funders alike. We remain delighted by our evaluations, attendances, and support from all involved.
One-to-one support
Offering bespoke support and guidance to develop and strengthen social action projects in local communities. This assistance might range from clarifying a project's vision to developing and sustaining a project team, identifying possible funders, designing community consultation events, and organisafional governance. These requests for assistance come from a diverse range of organisations, many of which work with extremely vulnerable people and many of which are vulnerable themselves.
Our support spans the entire county of Cornwall, covering all aspects of six key themes as well as accessibility, diversity and inclusion.
3
Transformation Cornwall
Trustees' Annual Report For the year ended 31 December 2023
Strengthening links
Our strengthening links work is primarily focused around six main themes in which we are actively engaged: food poverty, mental health, modern slavery, homelessness, financial inclusion, and climate emergency. By utilising our 'Tools for Change' Toolkits, we are also able to respond to major concerns concerning equality and social justice. We are continuing to connect faith and mainstream communities around our core themes, promoting collaborafion and broadening the impact on our communities.
Our 2023 Strategic Work & Priorities for 2024
Throughout 2023 Transformation Cornwall continued its strategic work, we:
- continued our support to the Cornish Foodbanks
• continued to support and campaign for a cash first approach to food insecurity, hosting a discussion forum and creating a written report with Independent Food Aid Network (IFAN), Trussell Trust and Cornwall Council, to improve financial access to those most in need, and reduce the need for emergency provision.
-
achieved a cash first approach with Cornwall Council for the Household Support Fund.
-
supported the Living Wage Foundation Campaign for Cornwall to be a Real Living Wage Place.
• supported the voluntary, community and social enterprise (VCSE) sector working in mental health support, through sharing resources, funding opportunities and opportunities for collaboration to improve access to services.
-
•supported the VCSE sector working in homelessness support and provision through funding and campaign support.
-
strengthened our work in the fight against Modern Slavery through national partnerships and
-
campaigns.
Our 2024 priorities are to:
-
continue our support to the Cornish Foodbanks and drive forward financial inclusion and a cash-first
-
approach.
-
campaign for systematic change, directly impacting the drivers of emergency food provision.
-
develop our service user engagement work particularly through our Meet the Funder attendees.
-
strengthen our Partnerships to expand our project support work.
-
develop our work in mental health and homelessness spheres to provide better access, dignity and
-
empowerment.
Public Benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and projects.
4
Transformation Cornwall
Trustees' Annual Report For the year ended 31 December 2023
Financial review
The charity had an overall surplus of £22,777 for the year ending 31 December 2023 (2022: £11,957). A surplus of £23,161 has been added to the brought forward unrestricted funds to give a balance at year end of £64,985 and a deficit of £384 has been deducted from restricted funds brought forward to give a balance at year end of £0.
Level of reserves
The trustees have considered the reserves of the charity. They consider that the balance at the yearend of £64,985 is required to help sustain the operations of the charity over the next twelve months.
Risk Management
The trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the charity and are satisfied that systems are in place to mitigate exposure to the major risks.
Organisational Structure
Trustees meet regularly during the year and are responsible for the strategic direction and policy of the charity. The board of trustees are responsible for the day to day running of the charity.
Related Parties
There were no related party transactions.
Small company provisions
This report has been prepared in accordance with the Statement of Recommended Practice: Statement of Recommended Practice for Charities (SORP 2015) and in accordance with the small companies regime (section 419(2)) of the Companies Act 2006.
This report was approved by the Board on the 16th July 2024 and signed on its behalf.
Rt Revd Hugh Nelson
Chair
Dated: 16 July 2024
5
Transformation Cornwall
Statement of Financial Activities For the year ended 31[t] December 2023
| Unrestricted Notes Funds £ Income Donations 3,911 Interest 1,664 Income from Charitable Activities: Grants and Contracts 35,000 Total 40,575 Expenditure on: Charitable Activities 2 17,414 Total 17,414 Net income/ (expenditure) 23,161 Total Funds at 1stJanuary 2023 41,824Total funds carried forward 64,985 |
Restricted Funds £ 63,116 63,116 63,500 63,500 (384) 384 |
20232022£ f3,911 1,280 1,664131 98,116 71,343 103,691 72,754 80,634 60,797 80,634 60,797 23,057 11,95742,20830,251 65,265 42,208 |
2022f1,280 131 71,343 |
|---|---|---|---|
| 72,754 | |||
| 60,797 | |||
| 60,797 |
6
Transformation Cornwall
Balance Sheet as at 31[st] December 2023
| Notes Fixed Assets 3 Current Assets Cash at Bank Current Liabilities Creditors: amounts falling due within 12 months 4 Net Current Assets Net Assets Funds employed 5 & 6 UnrestrictedFunds General Funds Restricted Funds |
2023 2,114 124,350 (61,478) 62,871 64,985 64,985 64,985 |
2022519 91,281 (49,592) |
|---|---|---|
| 41,689 | ||
| 42,208 | ||
41,824384 42,208 |
For the year ended 31[st] December 2023:
The company was entitled to the exemption from audit under section 477 of the Companies Act 2006. The members have not requested the company to obtain an audit in accordance with section 476 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts.
The financial statements were approved and authorised for issue by the trustees on 16[th] July 2024 and signed on their behalf by:
Rt Revd Hugh Nelson
Chair
7
Transformation Cornwall
Notes to the accounts for the year ended 31[st] December 2023
1 Principal Accounting Policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.
(a) Basis of Preparation
The charity constitutes a public benefit entity as defined by FRS 102. 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 applicable in the UK and Republic of Ireland (FRS 102) 2’[d] edition the Charities Act 2011 and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention.
(b) Fund Accounting
(i) Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
(ii) Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
(iii) Restricted Funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
(c) Income
Income is included in the Statement of Financial Activities (SoFA) when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.
(i) Income received by way of grants, donations and gifts is included in full in the SoFA when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant;
(ii) Donated services and facilities are included at the value to the charity where this can be quantified;
(iii) The values of services provided by volunteers has not been included in these accounts;
(iv) Investment income is included when receivable.
(v) Income from charitable trading activity are accounted for when earned;
(vi) Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
(d) Expenditure
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered.
(i) Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes;
(ii) 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;
(iii) All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
(e) Fixed Assets
Fixed assets are written off over the expected useful life of the asset on the reducing balance method at 20% per annum.
8
Transformation Cornwall
Notes to the accounts for the year ended 31[st] December 2023 (cont)
2 Expenditure on Charitable Activities
| Bankcharges Computer and Internet Expenses Depreciation Expense Donations Dues and Subscriptions Event expenses and Room Hire Independent Examination Fees Insurance Expense Meals and Entertainment Miscellaneous Expense Office Expense: Print Post stationery and photocopying PayrollExpenses note7 Professional Fees: Accounts, Book-keeping & Payroll Travel Training 3 Tangible Assets Cost: Balance brought forward Additions Balance carried forward Depreciation: Balance brought forward Charge for the Year Net book value at 31stDecember 2023 Net book value at 31stDecember 2022 4 Creditors Sundry Creditors Deferred Income — Trussel Trust |
2023 75 1,377 529 194 1,148 1,486 500 415 126 147 828 70,219 1,006 1,878 985 80,913 Fittings 2023 7,020 54,458 61,478 |
2023 75 1,377 529 194 1,148 1,486 500 415 126 147 828 70,219 1,006 1,878 985 80,913 Fittings 2023 7,020 54,458 61,478 |
202283 1,866 130 831 267 (300) 789 69 452 782 53,825 475 1,528 60,797& Equipment 4,105 2,124 6,229 3,586 529 4,115 2,114 519 20225,074 44,518 49,592 |
|---|---|---|---|
| 61,478 |
9
Transformation Cornwall
Notes to the accounts for the year ended 31[st] December 2023 (cont)
5 Movements in funds
At 31[st] December 2023:
| UnrestrictedFunds Balance brought fwd fGeneral Fund 41,824 Restricted Funds Donation 194 Trussel Trust National Lottery Community Fund RC South West Region CornwallCommunity Foundation 190 384 Total 42,208 Comparative figures for 2022 Balance brought fwd UnrestrictedFunds General Fund 30,251 Restricted Funds Donation Trussel Trust National Lottery Community Fund RC South West Region Cornwall Community Foundation Total 30,251 6 Analysis of net assets between funds Tangible Fixed Assets Current Assets Current Liabilities Net assets at 31*t December 2023 |
Incomef40,575 41,320 21,046 750 63,116 103,691 |
|---|---|
10
Transformation Cornwall
Notes to the accounts for the year ended 31[st] December 2023 (cont)
6 Analysis of net assets between funds (cont)
Comparative figures for 2022
| Tangible Fixed Assets Current Assets Current Liabilities Net assets at 31st December 2022 7 Employee Information Number of employees Receiving emoluments of less than £60,000. |
General Funds 519 46,379 (5,074) 41,824 2023 2 |
Restricted Funds 44,902 (44,518) 384 2022 3 |
|---|---|---|
The average weekly number of employees during the year were calculated on the basis of average monthly head count.
| Salaries and wages Social Security Cost Pension Contribution 8 Trustees Information |
63,316 5,541 68,857 1,362 70,219 2023 |
48,975 3,870 |
|---|---|---|
| 52,845 980 |
||
| 53,825 | ||
| 2022 |
Trustees remuneration and expenses The trustees received no remuneration.
Related Party Transaction: There were none this year.
9 Capital Commitments and contingent liabilities There are none at 31[s][t ] December 2023.
11
Transformation Cornwall
Notes to the accounts for the year ended 31[st] December 2023 (cont)
10 Prior year comparative Statement of Financial Activities (SOFA)
| Unrestricted Funds £ Income Donations 1,086 Interest 131 Income from Charitable Activities: Grants and Contracts 43,215 Total 44,432 Expenditure on: Charitable Activities 32,859 Total 32,859 Net income / (expenditure) 11,573 Total Funds at 1s*January 2022 30,251 Total funds carried forward 41,824 |
Restricted Funds £ 2022 194 1,280 131 28,128 71,343 28,322 72,754 27,938 60,797 27,938 60,797 384 11,957 30,251 384 42,208 |
Restricted Funds £ 2022 194 1,280 131 28,128 71,343 28,322 72,754 27,938 60,797 27,938 60,797 384 11,957 30,251 384 42,208 |
|---|---|---|
| 42,208 |
12
Company Registration No. 07329249
Charity No. 1138706
Transformation Cornwall
Financial Statements
31 December 2023
1
Transformation Cornwall
Company Information For the year ended 31 December 2023
Trustees
Rt Revd Hugh Nelson Nicolas Herian (resigned 9 August 2023) Glyn Jones Donna Birrell Christopher Weston Justin Day (appointed 9 August 2023) Revd Matthew Noble (appointed 9 August 2023)
Independent Examiner Whyfield Ltd
Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Mailing Kent ME19 4JQ
Registered Office Church House Woodlands Court Threemilestone Business Park Truro Cornwall TR4 9NH
2
Transformation Cornwall
Trustees' Annual Report For the year ended 31 December 2023
The trustees present their report and accounts for the year ended 31 December 2023.
Governing Document
Founded in 2010, Transformation Cornwall is a Joint Venture between the Diocese of Truro, the Methodist Church in Cornwall, Churches Together in Cornwall (CTC) and Church Urban Fund (CUF). Our priority is to strengthen and build the capacity and skills of the voluntary and faith sectors in Cornwall, focusing on social action and the relief of deprivation and poverty.
Vision, Aims and Objectives
Our vision is to see faith action at the heart of flourishing communities in Cornwall. Our Mission is to strengthen social action across Cornwall.
We work in three main ways:
-
Delivering the Meet the Funders programme.
-
One to one bespoke support to individual churches, faith groups and grassroot organisations in
-
Cornwall.
-
Strengthening links- connecting faith based and non-faith organisations around our six core themes.
Activities and Achievements
Meet the Funders
Meet the Funders is an innovative year-long programme providing conferences and workshops to inform, inspire and strengthen community work in Cornwall. Delivered in partnership with the Diocese of Truro, Meet the Funders supports projects that address poverty, exclusion, isolation, and rurality. Open to people and projects of all faiths and none, the programme provides conferences and workshops which give networking opportunities, advice, and support. The programme begins with a large annual spring event with invited local and national funders and follows with a series of smaller workshops. These workshops take participants through the key stages of developing, funding, and sustaining a community social action project. Throughout the programme, we collaborate with former Meet the Funders recipients to share their experiences of inspirational transformation, their project development path, and to help us share and celebrate best practise. We have been running Meet the Funders in various formats for the past 12 years, and it has a solid reputation among participants and funders alike. We remain delighted by our evaluations, attendances, and support from all involved.
One-to-one support
Offering bespoke support and guidance to develop and strengthen social action projects in local communities. This assistance might range from clarifying a project's vision to developing and sustaining a project team, identifying possible funders, designing community consultation events, and organisafional governance. These requests for assistance come from a diverse range of organisations, many of which work with extremely vulnerable people and many of which are vulnerable themselves.
Our support spans the entire county of Cornwall, covering all aspects of six key themes as well as accessibility, diversity and inclusion.
3
Transformation Cornwall
Trustees' Annual Report For the year ended 31 December 2023
Strengthening links
Our strengthening links work is primarily focused around six main themes in which we are actively engaged: food poverty, mental health, modern slavery, homelessness, financial inclusion, and climate emergency. By utilising our 'Tools for Change' Toolkits, we are also able to respond to major concerns concerning equality and social justice. We are continuing to connect faith and mainstream communities around our core themes, promoting collaborafion and broadening the impact on our communities.
Our 2023 Strategic Work & Priorities for 2024
Throughout 2023 Transformation Cornwall continued its strategic work, we:
- continued our support to the Cornish Foodbanks
• continued to support and campaign for a cash first approach to food insecurity, hosting a discussion forum and creating a written report with Independent Food Aid Network (IFAN), Trussell Trust and Cornwall Council, to improve financial access to those most in need, and reduce the need for emergency provision.
-
achieved a cash first approach with Cornwall Council for the Household Support Fund.
-
supported the Living Wage Foundation Campaign for Cornwall to be a Real Living Wage Place.
• supported the voluntary, community and social enterprise (VCSE) sector working in mental health support, through sharing resources, funding opportunities and opportunities for collaboration to improve access to services.
-
•supported the VCSE sector working in homelessness support and provision through funding and campaign support.
-
strengthened our work in the fight against Modern Slavery through national partnerships and
-
campaigns.
Our 2024 priorities are to:
-
continue our support to the Cornish Foodbanks and drive forward financial inclusion and a cash-first
-
approach.
-
campaign for systematic change, directly impacting the drivers of emergency food provision.
-
develop our service user engagement work particularly through our Meet the Funder attendees.
-
strengthen our Partnerships to expand our project support work.
-
develop our work in mental health and homelessness spheres to provide better access, dignity and
-
empowerment.
Public Benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities and projects.
4
Transformation Cornwall
Trustees' Annual Report For the year ended 31 December 2023
Financial review
The charity had an overall surplus of £22,777 for the year ending 31 December 2023 (2022: £11,957). A surplus of £23,161 has been added to the brought forward unrestricted funds to give a balance at year end of £64,985 and a deficit of £384 has been deducted from restricted funds brought forward to give a balance at year end of £0.
Level of reserves
The trustees have considered the reserves of the charity. They consider that the balance at the yearend of £64,985 is required to help sustain the operations of the charity over the next twelve months.
Risk Management
The trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the charity and are satisfied that systems are in place to mitigate exposure to the major risks.
Organisational Structure
Trustees meet regularly during the year and are responsible for the strategic direction and policy of the charity. The board of trustees are responsible for the day to day running of the charity.
Related Parties
There were no related party transactions.
Small company provisions
This report has been prepared in accordance with the Statement of Recommended Practice: Statement of Recommended Practice for Charities (SORP 2015) and in accordance with the small companies regime (section 419(2)) of the Companies Act 2006.
This report was approved by the Board on the 16th July 2024 and signed on its behalf.
Rt Revd Hugh Nelson
Chair
Dated: 16 July 2024
5
Transformation Cornwall
Statement of Financial Activities For the year ended 31[t] December 2023
| Unrestricted Notes Funds £ Income Donations 3,911 Interest 1,664 Income from Charitable Activities: Grants and Contracts 35,000 Total 40,575 Expenditure on: Charitable Activities 2 17,414 Total 17,414 Net income/ (expenditure) 23,161 Total Funds at 1stJanuary 2023 41,824Total funds carried forward 64,985 |
Restricted Funds £ 63,116 63,116 63,500 63,500 (384) 384 |
20232022£ f3,911 1,280 1,664131 98,116 71,343 103,691 72,754 80,634 60,797 80,634 60,797 23,057 11,95742,20830,251 65,265 42,208 |
2022f1,280 131 71,343 |
|---|---|---|---|
| 72,754 | |||
| 60,797 | |||
| 60,797 |
6
Transformation Cornwall
Balance Sheet as at 31[st] December 2023
| Notes Fixed Assets 3 Current Assets Cash at Bank Current Liabilities Creditors: amounts falling due within 12 months 4 Net Current Assets Net Assets Funds employed 5 & 6 UnrestrictedFunds General Funds Restricted Funds |
2023 2,114 124,350 (61,478) 62,871 64,985 64,985 64,985 |
2022519 91,281 (49,592) |
|---|---|---|
| 41,689 | ||
| 42,208 | ||
41,824384 42,208 |
For the year ended 31[st] December 2023:
The company was entitled to the exemption from audit under section 477 of the Companies Act 2006. The members have not requested the company to obtain an audit in accordance with section 476 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts.
The financial statements were approved and authorised for issue by the trustees on 16[th] July 2024 and signed on their behalf by:
Rt Revd Hugh Nelson
Chair
7
Transformation Cornwall
Notes to the accounts for the year ended 31[st] December 2023
1 Principal Accounting Policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.
(a) Basis of Preparation
The charity constitutes a public benefit entity as defined by FRS 102. 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 applicable in the UK and Republic of Ireland (FRS 102) 2’[d] edition the Charities Act 2011 and the Companies Act 2006.
The financial statements have been prepared under the historical cost convention.
(b) Fund Accounting
(i) Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
(ii) Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
(iii) Restricted Funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
(c) Income
Income is included in the Statement of Financial Activities (SoFA) when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.
(i) Income received by way of grants, donations and gifts is included in full in the SoFA when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant;
(ii) Donated services and facilities are included at the value to the charity where this can be quantified;
(iii) The values of services provided by volunteers has not been included in these accounts;
(iv) Investment income is included when receivable.
(v) Income from charitable trading activity are accounted for when earned;
(vi) Income from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
(d) Expenditure
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered.
(i) Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes;
(ii) 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;
(iii) All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
(e) Fixed Assets
Fixed assets are written off over the expected useful life of the asset on the reducing balance method at 20% per annum.
8
Transformation Cornwall
Notes to the accounts for the year ended 31[st] December 2023 (cont)
2 Expenditure on Charitable Activities
| Bankcharges Computer and Internet Expenses Depreciation Expense Donations Dues and Subscriptions Event expenses and Room Hire Independent Examination Fees Insurance Expense Meals and Entertainment Miscellaneous Expense Office Expense: Print Post stationery and photocopying PayrollExpenses note7 Professional Fees: Accounts, Book-keeping & Payroll Travel Training 3 Tangible Assets Cost: Balance brought forward Additions Balance carried forward Depreciation: Balance brought forward Charge for the Year Net book value at 31stDecember 2023 Net book value at 31stDecember 2022 4 Creditors Sundry Creditors Deferred Income — Trussel Trust |
2023 75 1,377 529 194 1,148 1,486 500 415 126 147 828 70,219 1,006 1,878 985 80,913 Fittings 2023 7,020 54,458 61,478 |
2023 75 1,377 529 194 1,148 1,486 500 415 126 147 828 70,219 1,006 1,878 985 80,913 Fittings 2023 7,020 54,458 61,478 |
202283 1,866 130 831 267 (300) 789 69 452 782 53,825 475 1,528 60,797& Equipment 4,105 2,124 6,229 3,586 529 4,115 2,114 519 20225,074 44,518 49,592 |
|---|---|---|---|
| 61,478 |
9
Transformation Cornwall
Notes to the accounts for the year ended 31[st] December 2023 (cont)
5 Movements in funds
At 31[st] December 2023:
| UnrestrictedFunds Balance brought fwd fGeneral Fund 41,824 Restricted Funds Donation 194 Trussel Trust National Lottery Community Fund RC South West Region CornwallCommunity Foundation 190 384 Total 42,208 Comparative figures for 2022 Balance brought fwd UnrestrictedFunds General Fund 30,251 Restricted Funds Donation Trussel Trust National Lottery Community Fund RC South West Region Cornwall Community Foundation Total 30,251 6 Analysis of net assets between funds Tangible Fixed Assets Current Assets Current Liabilities Net assets at 31*t December 2023 |
Incomef40,575 41,320 21,046 750 63,116 103,691 |
|---|---|
10
Transformation Cornwall
Notes to the accounts for the year ended 31[st] December 2023 (cont)
6 Analysis of net assets between funds (cont)
Comparative figures for 2022
| Tangible Fixed Assets Current Assets Current Liabilities Net assets at 31st December 2022 7 Employee Information Number of employees Receiving emoluments of less than £60,000. |
General Funds 519 46,379 (5,074) 41,824 2023 2 |
Restricted Funds 44,902 (44,518) 384 2022 3 |
|---|---|---|
The average weekly number of employees during the year were calculated on the basis of average monthly head count.
| Salaries and wages Social Security Cost Pension Contribution 8 Trustees Information |
63,316 5,541 68,857 1,362 70,219 2023 |
48,975 3,870 |
|---|---|---|
| 52,845 980 |
||
| 53,825 | ||
| 2022 |
Trustees remuneration and expenses The trustees received no remuneration.
Related Party Transaction: There were none this year.
9 Capital Commitments and contingent liabilities There are none at 31[s][t ] December 2023.
11
Transformation Cornwall
Notes to the accounts for the year ended 31[st] December 2023 (cont)
10 Prior year comparative Statement of Financial Activities (SOFA)
| Unrestricted Funds £ Income Donations 1,086 Interest 131 Income from Charitable Activities: Grants and Contracts 43,215 Total 44,432 Expenditure on: Charitable Activities 32,859 Total 32,859 Net income / (expenditure) 11,573 Total Funds at 1s*January 2022 30,251 Total funds carried forward 41,824 |
Restricted Funds £ 2022 194 1,280 131 28,128 71,343 28,322 72,754 27,938 60,797 27,938 60,797 384 11,957 30,251 384 42,208 |
Restricted Funds £ 2022 194 1,280 131 28,128 71,343 28,322 72,754 27,938 60,797 27,938 60,797 384 11,957 30,251 384 42,208 |
|---|---|---|
| 42,208 |
12
Transformation Cornwall Charity No: 1138706 Independent Examinerfs Report I report to the trustees on my examination of the accounts of the above charity 1.the Trust") for the year ended 31st December 2023. Respon8ibilltles and basis of report As the charity trustees of the Trust, you are responsible for the preparation of the account5 in accordance with the requirements of the Charities Act 20111"the Act"). I report in respect of my examination of the Trust's atcounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commisslon under section 14515llbl of the Act Independent Examlner8' Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect.. l. accounting records were not kept in accordance with section 130 of the Act or 2. the accounts do not accord with the accounting record5 I have no ¢on¢erns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed.. Date.. 0810712024 Name.. Roxane Neave Relevant professional qualificationl51 or body lif any).. MAAT Address.. Whyfield Limited Ground Floor, Building A Green Court Truro Business Park Threemile5tone Truro Cornwall TR4 9LF