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← Transformation Cornwall

2024-12-31-accounts

Annual Report

Strengthening faith based social action in Cornwall.

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Transformation Cornwall Annual Report 2024

  1. Transformation Cornwall is 2. Transformation Cornwall Trustees 3. Staff Team and Base 4. Our 2024 work within our three core work streams Meet the Funders 1:1 Collaboration - Themes 6. Impact 7. Our Strategic Work & priorities for 2024 8. Thank You to our Supporters

Introduction:

Transformation Cornwall

2024 Financial Year Impact Report

Rooted in Faith. Driven by Justice. Serving Cornwall.

Who We Are

Transformation Cornwall is an ecumenical charity rooted in the Diocese of Truro and guided by Christian values. We work to tackle poverty and build social justice across Cornwall by equipping communities, churches, and grassroots groups to make a meaningful difference in the lives of those most in need.

Vision

Faith in action at the heart of flourishing communities in Cornwall.

We envision a Cornwall where every community is strengthened by compassionate, active networks—both faith-based and secular—responding to local needs with dignity and hope.

Mission

We apply Christian social principles to support churches, faith groups, and community organisations in tackling poverty, reducing social exclusion, and responding to crisis.

How We Work

We deliver impact through three key approaches:

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Tailored assistance to churches and community groups to develop, fund, and govern impactful social action projects.

2024 Highlights & Outcomes

Meet the Funders Spring 2024

Tailored Support to 45+ Groups

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Workshops and Training

Church-Led Social Action

Engaging Service Users

Modern Slavery Awareness

Strategic Collaboration

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Campaigns and Advocacy

New and Strengthened Partnerships

Resources and Publications

Looking Ahead: Priorities for 2025

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Thank You

Transformation Cornwall’s impact in 2024 was made possible through the collective effort of our supporters, volunteers, trustees, and partners. Together, we are building stronger, more just communities—where faith is lived out in compassionate, tangible action.

Transformation Cornwall Trustees:

We are strengthened by an engaged board of Trustees, who are committed to Transformation Cornwall and the work we carry out. There have been some changes this year. The Trustees were/are:

Staff Teamwork:

The Transformation Cornwall staff team consists of:

Key Activities and Achievements in 2024

Meet the Funders Spring 2024

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Direct Support to Churches and Community Groups

Workshops for Faith and Community Leaders

Delivered 18 topic-specific workshops on:

These sessions built knowledge and partnerships across sectors.

Strengthening Church-Led Community Action

Service User Engagement

Modern Slavery Awareness

Wider Community Collaboration

Campaigns and Policy Engagement

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New and Strengthened Partnerships

Resources and Publications

The Spring Event 2024 was at St Martin’s Church , Church Street, Liskeard, PL14 3AQ

‘This year’s MTF Event was the best yet – most engaging, most inspiring and geniuenly the most useful experience we have had. We left with real clarity and new connections and a renewed sense of purpose’. (MtF 2025 workshop events delegate)

‘Great food, I really liked the opportunity to spend more time with the Funder’s very useful 20d, | really liked the opportunity to spend more time with the Funder’s . vér .’ (MtF 2025 event delegate

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One-to-One Support for Faith and Community Organisations in 2024

Throughout 2024, Transformation Cornwall provided bespoke, in-depth support to faithbased and secular organisations across Cornwall to strengthen their social action and better serve their communities. This tailored assistance ranged from clarifying project vision and mission , to developing teams , identifying funding sources , designing consultation processes , and strengthening governance .

Requests for support came from a wide variety of churches, charities, and grassroots initiatives—many working directly with vulnerable individuals and many themselves operating in precarious or under-resourced circumstances.

Examples of Our 2024 One-to-One Support:

Our support enabled these groups to grow in resilience, scale their impact, and better respond to the social and economic challenges facing their communities.

Strengthening Links Between Faith and Mainstream Organisations

In 2024, we continued to embed cross-sector collaboration at the heart of our work, focusing on six interlinked priority themes: 

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Our approach centred on building meaningful partnerships between churches, faithbased groups, public sector agencies, and secular organisations—ensuring that expertise, insight, and resources were shared across boundaries.

Key Outcomes in 2024:

Tools for Change

Our Tools for Change toolkit series supported this bridge-building work by offering practical, values-based resources to help communities address systemic inequalities. The toolkits remained a vital part of how we helped groups:

We remain committed to ensuring that all voices—especially those most affected by poverty and exclusion—are heard, valued, and empowered in the shaping of Cornwall’s future.

centre in Bodmin providing them with clothing so that children accessing their services have the appropriate clothing for activities that they do... We are also being sustainable and keeping quality clothes in circulation instead of going to landfill.” 1:1 project support recipient.

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Causes:

1.Mental Health:

Strengthening Mental Health and Wellbeing Through Partnership and Communication (2024)

In 2024, Transformation Cornwall deepened its commitment to improving mental health and wellbeing across Cornwall by focusing on partnership building , strategic information-sharing , and the amplification of local, community-led initiatives .

As an active member of the Cornwall Mental Health Alliance , co-ordinated by Cornwall Voluntary Sector Forum (VSF) , we worked closely with NHS representatives, council services, and charitable providers to identify gaps in mental health support and explore collaborative solutions. We helped highlight the unique role churches and grassroots faith groups play in supporting mental health in isolated and under-served communities.

Key Contributions in 2024:

During Mental Health Awareness Week 2024:

In October 2024 , we also supported communications around the People in Mind

Community Wellbeing Fund , a grant programme managed by the Cornwall Community Foundation with backing from the NHS and Cornwall Council. We helped share the 

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impact of earlier funded projects and encouraged churches and community groups to apply for the upcoming round, highlighting the fund’s value for small, place-based mental health work.

By the end of 2024, our communications and partnership efforts had significantly boosted awareness of available services, improved mental health literacy among our networks, and strengthened the role of community organisations in shaping a more supportive and connected Cornwall.

Key Achievements: Mental Health and Wellbeing (2024)

2.Food Insecurity:

Addressing Food Insecurity in Cornwall (2024)

In 2024, Transformation Cornwall continued to champion a “cash-first” approach to food insecurity—advocating for access to financial support and advice before people are forced to turn to emergency food provision. Working in partnership with the Independent Food Aid Network (IFAN) , Trussell Trust , and Cornwall Council , we expanded the reach of the “Worrying About Money?” resources—an interactive website and printed leaflet designed to help people in crisis navigate benefits, grants, and local financial support.

By the end of 2024, over 50,000 printed copies of the Cornwall-specific guide had been distributed across schools, GP surgeries, libraries, advice centres, and churches. These materials empower both individuals and frontline workers with information to reduce dependency on food banks and help people access the financial support they’re entitled to.

Practical Training and Outreach

We co-delivered Citizens Advice Cornwall’s Money Counts training , equipping

hundreds of frontline workers and volunteers with the skills to guide clients through benefit applications, debt advice, and other financial issues. This training reinforced the importance of cash-first, dignity-centred interventions and helped expand the reach of financial advice to those most at risk of food poverty. 

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Advocacy and Dialogue: Crisis Support Schemes

In summer 2023 and again in January 2024 , we co-convened community forums in St Austell alongside IFAN and local stakeholders to examine how Cornwall Council’s crisis support schemes —including the Household Support Fund and Council Care Awards —were being delivered. Attended by charities, food banks, and community groups, the forums identified key barriers to access and made practical recommendations for improvements.

These insights were captured in a joint report published by IFAN , and we have continued to advocate for:

active promotion to ensure that the fund reaches vulnerable households.

Amplifying Voices and Tackling Stigma

As part of our wider food poverty advocacy , we participated in Trussell Trust’s Hardship Times campaign , a national drive to share real stories of hunger with policymakers. Throughout 2024, we worked with volunteers to gather lived experiences from across Cornwall—stories that were shared directly with MPs as part of a national appeal for urgent action on hunger and cost-of-living pressures.

In the words of Trussell Trust CEO Emma Revie , “we stood shoulder to shoulder to amplify… powerful stories…: the UK government must act now.” Our local contribution ensured that the voices of Cornish residents were included in this campaign, demonstrating that food insecurity is not just a statistic—it is an everyday reality for thousands of people.

We also facilitated local fundraising and awareness events, including a Meet the Funders collection for foodbanks , and helped churches communicate the reality of hunger in their own communities.

Evidence of Ongoing Need

Food insecurity in Cornwall continues to rise, especially among disabled residents and low-income families . A March 2024 survey by YouGov and Trussell Trust found that nearly 1 in 5 disabled people on Universal Credit had used a food bank within the past month —a stark indicator of growing inequality and unmet need.

Our engagement with churches and grassroots groups has placed us at the heart of the local response. Many of the organisations we support are delivering frontline services including: 

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Through our workshops, one-to-one support, partnerships , and advocacy, we remain committed to sustainable, cash-first, and dignity-centred responses —helping to build a Cornwall where no one has to go hungry.

‘Really helpful in allowing their volunteers to directly signpost to supportive services’

Foodbank Project Manager

3 . Homelessness:

Broadening Our Impact: Homelessness and Housing Justice (2024)

In 2024, Transformation Cornwall significantly expanded its engagement with homelessness and housing-related hardship—responding to the deepening crisis across Cornwall. Our work focused on community-led action, partnership development, and raising awareness about housing injustice and the dignity of home.

Supporting Tenancy Sustainment Through Citadel Cornwall

In late 2024, we began work to support the introduction of the Citadel Cornwall project—an initiative delivered by Hope for Justice in partnership with Housing Justice , aimed at supporting individuals as they transition from temporary accommodation into longer-term housing.

Although the formal launch of Citadel Cornwall was scheduled for 2025, our 2024 groundwork was critical . We helped prepare for the project by:

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Cornwall was ultimately selected as one of six UK regions to adopt this high-impact model, which previously demonstrated a 95% tenancy sustainment rate in pilot schemes in Wales. Citadel later acknowledged Transformation Cornwall’s “proactivity in connecting organisations with shared passions” , recognising our foundational role in preparing for the programme’s success.

Keep Cornwall Carpeted: A Campaign for Dignity in Social Housing

From autumn 2024 onward, we led the Keep Cornwall Carpeted campaign—highlighting the reality that many social housing tenants move into unfurnished homes with bare concrete or wooden floors, facing unsafe and uncomfortable living conditions. This campaign:

Our communications featured real stories from Cornwall residents and helped to frame flooring not as a luxury, but as a basic housing right that impacts children’s health, safety, and mental wellbeing .

Partnership, Training and Advocacy.

Throughout 2024, we deepened our collaboration with local homelessness organisations, including Doorstep , St Petrocs , and Shelter Cornwall , by:

We also supported national housing justice campaigns , such as the Centre for Progressive Change’s “Speak Up for Housing Justice” , which amplifies lived experience in policymaking around affordability, homelessness prevention, and home insecurity.

Churches and grassroots groups played a vital role in this work, and we provided guidance on how they could support local efforts—such as furnishing homes, offering tenancy mentoring, or providing pastoral care for people in housing crisis.

Key Achievements: Homelessness and Housing Justice (2024). 

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4.Modern Slavery:

Tackling Modern Slavery through Partnership and Awareness.

Modern slavery remains a growing concern in Cornwall , with vulnerable individuals increasingly at risk of exploitation. In 2025, Transformation Cornwall played a key leadership role in addressing this issue through convening partnerships , promoting awareness , and equipping frontline and faith-based organisations .

Our central platform for this work is the Cornwall Modern Slavery Network , which we coconvene bi-monthly in partnership with Churches Together Cornwall and the Cornwall Refugee Resource Network . This cross-sector network brings together stakeholders from the police, statutory services, charities, faith communities, and local businesses to share information, flag emerging risks, and coordinate referral and training opportunities.

A significant moment in 2025 was our April 2024 meeting , which welcomed Hilary Agg, the new Anti-Slavery Partnership Co-ordinator from Unseen . Her presentation was made available through our website, further broadening the reach of her insights and strengthening local engagement.

We also refreshed and promoted our Anti-Slavery Day Church Toolkit (originally released in 2023), once again in partnership with Churches Together Cornwall. This updated toolkit supported churches in marking Anti-Slavery Week with services, prayer, social media engagement, and educational displays.

Throughout the year, we stressed the urgency of the issue, echoing the National Crime Agency’s warning that “modern slavery is increasing steadily and the threat is growing.” Our network circulated key resources and training opportunities—such as Hope for Justice’s “Spotting the Signs” —to ensure that frontline workers and congregations remained alert and equipped to respond. 

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Key Achievements: Tackling Modern Slavery (2024–2025)

5.Financial Inclusion:

Financial Inclusion: Supporting Dignity Through Cash-First Strategies (2024) Financial inclusion remained central to Transformation Cornwall’s anti-poverty work in 2024.

We focused on ensuring that individuals and families facing hardship had access to timely, accurate, and empowering financial advice—supporting people to navigate welfare systems, avoid crisis, and maintain dignity.

In addition to distributing practical resources, we strengthened partnerships and deepened local engagement through training, campaigning, and strategic advocacy.

Cash-First Advocacy and Regional Engagement

In October 2024 , we co-hosted a regional cash-first webinar with the Independent Food Aid Network (IFAN) and the Trussell Trust , attracting over 80 participants from across the South West. The session explored the potential of Scotland’s national cash-first model and reflected on three years of Cornwall-based collaboration, including:

Our Campaigns Manager shared how this sustained work had shifted the local narrative: “We are determined to build on what we’ve done so far and further the delivery of a cash-first approach—for one and all.” 

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Tools and Training for Financial Resilience

Key Achievements: Financial Inclusion (2024).

Promotion of a Cash-First Approach.

We continued to champion a cash-first response to financial crisis, advocating that support— wherever possible—should prioritise direct financial assistance over food parcels or vouchers. This approach maintains individual dignity and improves long-term resilience.

Expansion of the Worrying About Money? Leaflet.

In collaboration with the Trussell Trust and IFAN , we updated and distributed the Cornwall edition of this resource—now adopted by a wide range of public, faith-based, and voluntary sector partners. Over 10,000 leaflets were shared in 2024 alone.

Financial Wellbeing Workshops

We ran a series of training workshops across Cornwall, covering:

One-to-One Support for Community-Led Initiatives.

We supported a range of local groups to develop or improve financial resilience projects, including:

Engagement with Cornwall Council and Strategic Forums

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We contributed to local anti-poverty working groups , helping inform Council approaches to crisis grants and emergency support. Our advocacy ensured that the voices of churches and grassroots organisations —as well as those directly affected—were considered in decisionmaking.

Building the Role of Faith Communities

We equipped over 45 churches and community groups to take an active role in tackling financial exclusion. This included:

Looking Ahead.

Building on our 2024 achievements, we are preparing targeted outreach for 2025 and beyond. Plans include:

6.Climate Emergency:

Climate Emergency: Building Community Resilience in Cornwall:

Responding to the Climate Emergency Through Community Action (2024).

In 2024, Transformation Cornwall deepened its focus on the climate emergency by empowering churches and grassroots groups to respond locally, practically, and collaboratively. Our goal was to help communities become agents of change— tackling environmental challenges while building resilience and reducing inequality.

Energy Awareness Training with Community Energy Plus

In partnership with Community Energy Plus , we delivered Energy Awareness training sessions aimed at frontline workers and volunteers . These sessions provided: 

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This work directly addressed the intersection between climate justice and fuel poverty , helping to ensure that environmental action also improved wellbeing and reduced hardship.

Promoting the Eco Church Initiative.

Throughout 2024, we actively encouraged and supported congregations across Cornwall to engage with the Eco Church framework , which integrates care for creation into five key areas:

Dozens of churches progressed on their Eco Church journey—hosting climate-themed services, installing energy-saving measures, improving biodiversity on their land, and using their platforms to foster community dialogue on environmental issues.

Sustainable Practice and Climate Communications.

Our digital communications consistently highlighted:

We promoted a wide range of free resources, toolkits, and funding opportunities to help faith groups act on the climate crisis within their communities.

Advocacy and Collaboration.

In 2024, we partnered with Cornwall Council and local stakeholders to:

Key Achievements: Climate Action (2024).

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Partnerships in 2024.

Throughout 2024, Transformation Cornwall forged and deepened a wide range of strategic partnerships to strengthen community action, amplify local voices, and build sustainable responses to poverty and inequality across Cornwall. These collaborations enhanced our reach and ensured that churches and grassroots organisations were effectively connected to wider systems of support and advocacy.

Key Partnerships and Collaborations, Diocese of Truro

Co-delivered the Meet the Funders programme, reinforcing the Church’s vital role in community-led social action. Through this partnership, we connected with over 60 parish communities, extending our grassroots support network across Cornwall

Cornwall Community Foundation

Served as a principal funder of Meet the Funders and led the People in Mind Community Wellbeing Fund. We promoted this initiative and encouraged grassroots groups to apply, supporting increased access to mental health funding for small-scale community projects.

Citizens Advice Cornwall.

Worked in partnership to deliver Money Counts and Advice First Aid training, equipping hundreds of frontline workers and volunteers with essential knowledge on debt, welfare support, and crisis referrals.

Cornwall Council & NHS Cornwall Integrated Care Board (ICB).

Engaged with the Council and ICB through joint cash-first forums and strategic working groups. Council representatives participated in our events to explain access to Household Support Fund and other crisis grants. We also provided community feedback to help improve the design and delivery of these schemes.

Independent Food Aid Network (IFAN) & Trussell Trust.

Our key partners in promoting a cash-first approach to food insecurity. In October 2024, we co-hosted a South West regional webinar with IFAN and Trussell, sharing best practice from Cornwall and building momentum for cash-first advocacy and welfare reform.

Housing Justice (with Hope for Justice).

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Supported the development of the Citadel Cornwall project, a volunteer-based homelessness support initiative. We facilitated local connections and played a pivotal role in introducing the national Citadel model to Cornwall’s churches and local authorities.

Community Energy Plus.

Partnered to deliver Energy Awareness training for frontline workers, providing practical support to households facing fuel poverty and promoting sustainable, cost-saving measures.

Cornwall Voluntary Sector Forum (VSF).

Participated actively in county-wide forums hosted by VSF, contributing to collaborative work on mental health, food poverty, and Living Wage campaigns.

Additional Networks and Engagement

In 2024, we also played an active role in several sectoral and regional networks, including:

Impact of Our Partnerships in 2024

These collaborations significantly expanded our ability to serve and support communities:

Case Studies and Successes.

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Meet the Funders Impact (2024)

At our Spring 2024 Conference, held at St Martin’s Church in Liskeard, over 80 community projects connected directly with national and local funders—and with one another. “An application discussed at the event received match funding within weeks.”

— Faith leader participant

Donations collected during the event supported Liskeard and South East Cornwall foodbanks, at a time when demand remained high and supplies were strained. “Demand has not decreased while donations have dropped, so our support was greatly needed.”

— Simon Fann, Truro Food Bank Manager

Cash-First Workshop Outcomes (2024).

In January 2024, following an initial session in June 2023, we ran cash-first workshops for advisors and campaigners—including church welfare officers, Citizens Advice volunteers, and Cornwall Council staff.

These sessions explored better use of the Household Support Fund, Crisis Grants, and referral pathways to reduce reliance on foodbanks.

“I better understand how to guide people through Crisis Grant and Household Support applications.”

— Workshop participant

Insights from these workshops informed an August 2023 joint report with IFAN and Trussell Trust, praised by Cornwall Council’s Social Fund team.

People in Mind (Mental Health Fund)

The People in Mind 2023 impact report (promoted in early 2024) highlighted the award of £185,455 across 17 grassroots groups to strengthen mental health support in Cornwall. One recipient—an outreach service supporting people who self-harm—was able to double its drop-in nights due to the funding.

Later in 2024, we supported the promotion of the upcoming 2025 grant round, working with Cornwall Community Foundation, NHS Cornwall, and Public Health.

“Keep Cornwall Carpeted” Campaign (2024).

Our campaign to raise awareness about flooring poverty in social housing gained traction throughout autumn and winter 2024, with national and regional coverage (including BBC News and Premier Radio).

“Zack” from Falmouth spent half his savings carpeting a bare-floored flat, then relied on foodbank support to recover.

“Julia” from St Austell dreads winter in her uncarpeted home, with no insulation from the cold. 

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“Everyone deserves a warm and safe home.”

— Sam Williams, Campaigns Manager

The campaign’s petition gained over 1,000 supporters, and influenced local election candidates to pledge improved housing standards.

Preparing for the Citadel Cornwall Project (2024).

In 2024, we laid the groundwork for the launch of Citadel Cornwall, a volunteer-led tenancy sustainment project.

We connected Housing Justice and Hope for Justice with local churches, homelessness charities, and Cornwall Council to co-develop the pilot.

“It was clear there is a need for in-tenancy support and that volunteers can actively reduce homelessness.”

— Sarah Bassett, Citadel National Manager

By year-end 2024, Citadel Cornwall was preparing to recruit mentors and launch in Truro and Camborne in early 2025.

Outcomes and Impact (2024 Metrics and Feedback). Participant Engagement

In 2024, Transformation Cornwall directly engaged over 250 individuals from churches, charities, and local government through our events, training programmes, and newsletters— fostering stronger networks and collaborations. Funding Leveraged.

The 10+ funders at our Spring 2024 event offered grant schemes with millions in potential awards. The Cornwall Women’s Fund, for example, can award up to £25,000 per project, creating real pathways to financial support.

Volunteer Training

We trained hundreds of advisors and volunteers via:

Publications and Resources.

Grants and Donations Highlighted.

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Community Feedback and Testimonials

These outcomes illustrate the tangible, faith-rooted impact of Transformation Cornwall in 2024—empowering communities, bridging sectors, and driving real, measurable change across Cornwall.

Transformation Cornwall Impact during 2024:

Social Media Reach Projects Supported 40+ New website us i! th & 23,500 Both Charities and Churches 8,000

Events Resources Downloads Grant List Downloads 380+ Participants 3000+ 1500+

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Our 2024 Strategic Work & Priorities for 2025

Transformation Cornwall

2024 Financial Report – Strategic Overview

Rooted in Faith. Committed to Justice. Acting for Cornwall.

2024 Activities and Impact

In 2024, Transformation Cornwall strengthened its leadership in tackling poverty, exclusion, and inequality across the county. Working in deep collaboration with churches, charities, local authorities, and grassroots groups, our work centred on capacity-building, strategic advocacy, and practical support.

Expanded Support to Cornish Foodbanks

We supported foodbanks across Cornwall through advocacy, direct engagement, and awareness campaigns. As cost-of-living pressures persisted, we championed a cash-first approach , working alongside partners like IFAN and the Trussell Trust to ensure people received financial support before reaching crisis point.

Workshops and One-to-One Support

We delivered tailored workshops and 1:1 guidance to over 45 community organisations and churches. These sessions focused on funding readiness, governance, and project development , helping groups grow their resilience and expand their social action.

Service User Engagement and Participation

Through our Meet the Funders programme, we amplified the voices of people with lived experience. Their feedback informed resource design, event planning, and strategy—ensuring our work stayed grounded in real community need.

Modern Slavery Awareness and Action

We expanded our contribution to Cornwall’s anti-slavery response, delivering church-based awareness sessions and participating in safeguarding partnerships. This strengthened frontline recognition of exploitation and expanded referral pathways.

Strengthened Communications and Outreach

Following a 2022 strategy review, 2024 saw the launch of improved digital communications . We increased our reach through newsletter growth, social media campaigns, and widely shared resources like the Telephone Signposting List and Worrying About Money? guides .

Deeper Collaboration Across Sectors

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Transformation Cornwall played a bridging role—bringing together churches, charities, funders, and statutory services. From co-hosting cash-first forums to supporting new programmes like Citadel Cornwall , we worked to ensure collaboration was practical, valuesdriven, and impactful.

Looking Ahead: Hopes for 2025

As we move into 2025, Transformation Cornwall is committed to building on this strong foundation with renewed focus and bold ambition. Our hopes for the coming year include:

“Transformation Cornwall is not just responding to crisis—we’re reshaping how our

communities fight injustice. We are building a movement rooted in compassion, courage, and the belief that everyone deserves dignity and hope.”

— Clinton Cameron Sealy Jnr, Operations Director 

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Thank you to our Supporters

We want to express our thanks to all our supporters – the volunteers, partners, staff and funders who share our mission and enables us to continue to carry out this important work. We really couldn’t do this without you.

Thank you One & All. "Gromercy dhywgh-hwi oll."

Clinton Cameron Sealy Jnr Operations Director Transformation Cornwall

Signed: Hugh Nelson, Chair

On behalf of Transformation Cornwall Trustees 

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Annual Report

AValalers) Annual Financial li i@ Statement 2024 stata

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Company Registration No. 07329249 Charity No. 1138706

Company Information for Year Ending 31 December 2024

Trustees Rt Revd Hugh Nelson Glyn Jones Donna Birrell Christopher Weston Justin Day (stood down 26[th] June 2025) Revd Matthew Noble

Independent Examiner Whyfield Ltd

Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Mailing Kent ME19 4JQ

Registered Office

The Old Cathedral School Cathedral Close Truro Cornwall TR1 

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Financial Review

The charity had an overall surplus of £17,032 for the year ending 31 December 2024 (2023: £22777). A deficit of £3,475 has been deducted from the brought forward unrestricted funds to give a balance at year end of £61,590 and a surplus of £20,507 has been added to restricted funds brought forward to give a balance at year end of £82,017.

Level of reserves

The trustees have considered the reserves of the charity. They consider that the balance at the yearend of £82,017 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 26th June 2025 and signed on its behalf.

Rt Revd Hugh Nelson

Chair

Dated: 26[th] June 2025 

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For the year ended 31[t] December 2024

Unrestricted
Notes
Funds
£
Income
Donations
3,209
Interest
2,677
Income from Charitable Activities:
Grants and Contracts
30,000
Total
35,886
Expenditure on:
Charitable Activities
2
39,361
Total
39,361
Net income/ (expenditure)
(3,475)
Total Funds at 1stJanuary 2024
64,985
Total funds carried forward
61,510		 Restricted
Funds
£
85,071
8 5 ,071
64,564
64,564
20,507
-
20,507		 2024
£
3,209
2,677
115,071
120,957
103,925
103,925
17,032
64,985
82,017		 2023
f
3911
1664
98,116
103,691		 2023
f
3911
1664
98,116
103,691
80,913
80,913
22,777
42,208
64,985		 80,913
80,913 
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Transformation Cornwall

Notes to the accounts for the year ended 31[st] December 2024 (cont)

2 Expenditure on Charitable

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
8
8		 2024
2023
1,692
2 , 1 1 4
123,048
124,350
(42,722)
(61,478)
0 , 3 2 5
6 2 , 8 7 1
8 2 ,017
6 4 , 9 8 5
82,017
64,985
64,985
6 4 , 9 8 5		 2024
2023
1,692
2 , 1 1 4
123,048
124,350
(42,722)
(61,478)
0 , 3 2 5
6 2 , 8 7 1
8 2 ,017
6 4 , 9 8 5
82,017
64,985
64,985
6 4 , 9 8 5
64,985
6 4 , 9 8 5

For the year ended 31[st] December 2024:

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 26[th] June 2025 and signed on their behalf by:

Rt Revd Hugh Nelson

Chair 

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Transformation Cornwall

Notes to the accounts for the year ended 31[st] December 2024 (cont)

2 Expenditure on Charitable

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.

(a) 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.

(b) 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.

(c) 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.

(d) Fixed Assets

Fixed assets are written off over the expected useful life of the asset on the reducing balance method at 20% per annum. 

34

Transformation Cornwall

Notes to the accounts for the year ended 31[st] December 2024 (cont)

2 Expenditure on Charitable

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 – Recruitment Advert
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 2024
Net book value at 31stDecember 2023
4 Creditors		 2024
70
622
423
-
754
1,553
288
593
299
1,578
93,011
1,906
2,828
-
103,925
Fittings
2024		 2023
75
1,377
529
194
1,148
1,486
(500)
415
126
147
828
70,219
1,006
1,878
985
80,913
& Equipment
6,229
0
6,229
4,115
4 2 3
4,538
1,692
2,114
2023		 
35

Transformation Cornwall

Notes to the accounts for the year ended 31[st] December 2024 (cont)

5 Movements in

Sundry Creditors

Deferred Income — Trussel Trust

At 31[st] December 2024:

UnrestrictedFunds
Balance
brought fwd
f
General Fund
64,985
Restricted Funds
Donation
-
Trussel Trust
National Lottery Community Fund
RC South West Region
CornwallCommunity Foundation
Total
64,985
Comparative figures for 2023
Balance
brought fwd
UnrestrictedFunds
General Fund
41,824
Restricted Funds
Donation
194
Trussel Trust

National Lottery Community Fund
RC South West Region
Cornwall Community Foundation
190
384
Total
42,208
 Income
f
35,886
63,275
21,046
750
85,071
120,957
6 Analysis of net assets between funds
General
Funds
Tangible Fixed Assets
1,692
Current Assets
78,965
Current Liabilities
1,360
Net assets at 31*t December 2024
82,017		 36
Restricted
Funds
44,083
(44,083)

Transformation Cornwall

2023

Notes to the accounts for the year ended 31[st] December 2024 (cont)

5 Movements in Comparative figures for 2023

5 Movements in
Comparative figures for 2023
General Restricted
Funds Funds
Tangible Fixed Assets 2,114
Current Assets 69,892 54,458
Current Liabilities (7,020) (54,458)
Net assets at 31st December 2023 64,985 --
7 Employee Information 2024 2023
Number of employees 3 2
Receiving emoluments of less than £60,000.
The average weekly number of employees during the year were calculated on the
basis of average monthly head count.
Salaries and wages 87,348 63,316
Social Security Cost 3 ,707 5 5 4 1
91,055 68,857
Pension Contribution 1,956 1,362
93,011 70,219
8 Trustees Information 2024 2023

The average weekly number of employees during the year were calculated on the basis of average monthly head count.

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 2024.

Unrestricted Restricted Funds Funds £ £

37

Income
Donations
Interest
Income from Charitable Activities:
Grants and Contracts
Total
Expenditure on:
Charitable Activities
Total
Net income / (expenditure)
Total Funds at 1s*January 2023
Total funds carried forward		 3,209
2,677
30,000
35,886
39,361
39,361
(3,475)

64,985
61,510		 85,071
85,071
64,564
64,564
20,507

20,507		 3,911
1,664
98,116
103,691		 3,911
1,664
98,116
103,691		 3,911
1,664
98,116
103,691

60,797
60,797
22,777
42,208
64,985
64,985