## **Annual Report and Accounts of Transformation for Veterans for the year ending 30[th] June 2021.** ## **Transformation for Veterans** (Sovereign House) York Hill Farm Chester road Tarporley Cheshire CW6 9ER Tel: 01829 760065 E: info@transformationforveterans.org.uk ## W: transformationforveterans.org.uk Charity No. 1141508 Co. Reg. No. 07290914 1 | P a g e ## **About Transformation for Veterans and the local community** Established in 2010, Transformation for Veterans helps create a pathway for vulnerable veterans to re-integrate back into society. At the heart of this is working towards sustainable employment, and independence for them and their families. Transformation for Veterans specialises in empowering ex-military personnel and their loved ones, so they can readjust, refocus, and achieve their full potential outside of the armed services. After leaving the military, the transferable skills for some, are obvious. For example, skills in artisan trades are often taught as part of the role of a member of the Royal Engineers, but for others seeing their value of weapon handling skills in a civilian world can be a struggle, which can have an impact on the self-esteem of those leaving the military. It is widely recognised that practical skills can always be taught, attributes such as attitudes and self-belief are more difficult to change. Our founder and CEO Joe, who is an armed forces veteran himself and has lived experience of making the transition to civilian life, helps Veterans deal with the “hidden” injuries such as PTSD, anxiety, and stress. We believe and our research has proven that with the correct guidance, attitudes, behaviours, and beliefs can be changed for the better to enable people to reach their true potential. 2 | P a g e **CONTENTS Page Legal and administrative information 4 Trustees 4 From the Chairperson 5 From the CEO 6 Trustees annual report 8** ## **Transformation for Veterans Trustees’ Report** 3 | P a g e ## **Legal and Administrative information** ## **Trustees** The Management Committee members who served on this Board for this year were as follows; Mr Winston Wagstaff Chair Mr Stephen Clark Trustee Mr James O’Shea Trustee Mr Joe O’Connor CEO Charity name: Transformation for Veterans Charity registration number: 1141508 Company Registration number: 07290914 Registered office: (Sovereign House) York Hill Farm Chester Road. Tarporley Cheshire CW6 9ER Accounts: Mr Tim Cross Chartered accountant Phoenix Accountants 55 Woodlands Way, Tarporley Cheshire CW6 0TP Bankers: HSBC Bank, PO Box 16 ,47 Eastgate St, Chester CH1 1XW 4 | P a g e ## **From the Chairperson Winston Wagstaff** I continue to enjoy my time in post as the Chair of this amazing charity. We have significant goals for the next few years, and I look forward in helping support, guide and drive the charity forward. We hope you enjoy reading all about the great work that the charity has been involved in. This year has continued to be a challenge due to the Coronavirus pandemic. The charity has continued to be resourceful and adapted to a new way of working. We have developed online support programmes and resources to enable our veterans to easily access training and support in the virtual world. The charity has successfully helped Veterans and their families with finding employment, and self-employment. A training programme was provided to train individuals to improve confidence and self-esteem. Removing self-doubt and fear of failure, to allow a more positive future. The difficulties veterans face varies from practical problems of finance and housing to more personal issues of social isolation and mental ill health are now particularly prevalent and while we cannot always solve their problems, we can and are, always there to listen and support them. I have supported our local Veteran community by volunteering my time to teach drawing and painting to those who like being creative or simply like to pass some time away. I have also been involved in organizing outdoor pursuits such as regular walks to keep fit and active. Gardening too has been another activity which has been most enjoyable. Helping some of our elderly veterans to reduce their garden maintenance. By using clever design tips and a lot of gravel, the hard work, time, and effort put in has been very rewarding. The result of the time spent has meant the individuals concerned can now relax and enjoy their gardens. It will also enable them to manage their own gardens themselves in the future. I would like to give recognition to the dedication of all involved in Transformation for veterans (T4V) including our volunteers and our 5 | P a g e community. I want to thank all of you who support, help, deliver and fund T4V’s charitable activities as without you we would not be able to support our Veteran community. We are, as ever, grateful to the many and varied organisations, which provide the funding and support that makes it possible for us to continue our work. Fund raising continues to be a major challenge, especially core cost funding and is unlikely to get any easier in the future. Our challenge now, is to continue and increase partnership working and be creative in what we do alongside increasing grant funding. Being mindful of the UK Government law and advice on Covid-19 and following the latest updates by the Fundraising Regulators and adhere to the standards set by the Code of Fundraising Practice to ensure the health and safety of all concerned. The future will be to provide services flexible enough to meet the needs of our Veteran community. The range of services T4V offers relies entirely on the commitment of our team and valued volunteers. This is a testament to the high quality of their work, and we are immensely grateful to all those who contribute so much to everything that we do. Finally, I am grateful to my fellow trustees for their continued commitment to, and work on behalf of, T4V. Their knowledge, and experience, helps to guide the Charity in increasingly difficult times of uncertainty. ## **From the CEO Joe O’Connor DipPFS AMC FRSA** During this period, times have been uncertain to say the least. I am pleased to report that with a most positive resolve and the full cooperation of our Board of Trustees, our team, and volunteers, we have utilised the governments generous furlough scheme which has really helped with the sustainability of our fabulous charity. The great news is, when all is said and done, Transformation for Veterans is still fully committed to helping ex-service personnel who have suffered physical/mental injury because of their commitment to serving their country. We continue to provide bespoke services and support, so our veteran community can regain their self-respect, dignity and achieve success. Our specialist team deliver formal and informal online presentations, workshops, 6 | P a g e learning sessions and tutorials designed to stimulate and challenge veterans. Our role is, as always to be there and equip them with essential skills needed to achieve a successful civilian life. Our bigger goal for the future is to raise sufficient funds to develop a bespoke Transformation resort offering a plethora of services to our veteran community. The aim being to help them and their families to achieve their true potential. This very special facility consisting of several Lodges and an indoor and outdoor training facility, is being designed to cater for a wide range of needs. Our project team have carefully designed the overall project which can be built in stages. The great news is, we have made massive developments in this regard, and we are in the process of negotiating with several organisations to fund our project. Speaking as a Veteran and following a medical discharge from the Army I found the transition back into civilian life challenging. From my own personal experience, I am now passionate about helping my fellow comrades achieve their goals. To this end, and already qualified as a Professional Financial Advisor, I latterly qualified as a Master Neuro-linguistic programming (NLP) Timeline therapy, hypnotherapy, and an Accredited Master Coach. I recently successfully completed an online mental health first aid course. And in my role as a member of the Personal Finance Society I am the Ambassador for its Forces Money Plan initiative. I have recently featured as a guest on a specialist veterans’ panel on Radio 4 talking about helping veterans with their finances. To find out more you can visit: www.thepfs.org/forcesmoneyplan I will also be volunteering my time to do a weekly slot each week on a Podcast It will be called, ‘Pull Up a Sandbag with Joe’ Finally, working with organisations in the Cheshire and surrounding areas has highlighted the need to help those with challenges and barriers in selfconfidence, motivation, Anxiety, PTSD, phobias, financial issues, addictions, breakdown in family relationships, social isolation, and unemployment. We have achieved a 98% success rate with all those we have helped and wish to continue offering this support well into the future. 7 | P a g e ## **TRANSFORMATION FOR VETERANS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021** ## **The Trustees’ Annual Report** ## **Governing document** The organisation is a charitable company limited by guarantee, incorporated on 15[th] June 2010, and registered as a charity named Sanctuary for Heroes. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. A special resolution adopting the new Memorandum and articles of association and name change to Sanctuary for Veterans was made on 7[th] March 2011. The charity has since changed its name to Transformation for Veterans to reflect more of what is about on 17[th] September 2015. In the event of the company being wound up members are required to contribute an amount not exceeding £1. ## **Recruitment and appointment of the management committee** The Trustees, who are Directors for the purpose of company law and under the Company’s Articles, are known as members of the management committee. Under the requirements of the Memorandum and Articles of Association there must be 3 or more Trustees on the Board. ## **Management committee induction and training** Our Trustee recruitment procedure and induction process is in place to ensure all existing and new Trustees complete the process and are informed of their role and responsibilities. Safeguarding and Data Protection is an essential requirement for all Trustees. The Trustee Recruitment & Trustee induction pack, which has been prepared by drawing information from various Charity Commission publications signposted through the Commission’s guide and contains the following: • The work, aims & mission of the Association, essential training needs including Health & Safety, Safeguarding and Confidentiality - Full role and responsibilities, obligations of trustees & resources for - further reading, including information from the Charity Commission 8 | P a g e - Articles of Association - Resource and current financial position as set out in the latest published - Accounts - Familiarity of the charities policies and procedures, The Fundraising - regulators Code of Practice, and the Chartered Institute of Fundraising. Future and objectives. ## **ORGANISATIONAL STRUCTURE** Transformation for Veterans has a Management Committee of a minimum of 3 and maximum of 10 members. Each member elected and co-opted with not more than 5 persons representing organisations at any one time who meet 2 times a year and who are responsible for strategic direction and the policy of the charity. In 2020-2021 the Management Committee consisted of 3 elected members of backgrounds relevant to the work of the charity. The activity of the Board and their management of T4V is checked and regulated by Companies House and the Charity Commission. It is also monitored by funders as grants and contracts are secured. ## **VISION, MISSION AND AIMS** The T4V’s vision for the Veteran community and their families is one of a thriving diverse vibrant community in which the Transformation for veterans (T4V) acts as a catalyst in partnership with other community and voluntary organisations, to engage with the local community for the provision of local facilities, local employment, and community activity. Transformation for veterans has defined its mission as: “Our mission is to offer Veterans and their loved ones a Transformation resource empowering them to achieve their true potential.” T4V will achieve its vision facilitated through the following aims: - To provide inter-generational and multi-cultural activities and services. - To have a diverse team of dedicated staff and volunteers. - To deliver diverse, engaging, fun and educational programmes. 9 | P a g e • To create a mixed portfolio of funding including income from community enterprise activities to underpin the salaries of key staff and support for services. • To work in partnership with a range of Community & Voluntary Organisations to develop and deliver services to meet identified community needs. Our mission is to offer Veterans and their loved ones a Transformation resource empowering them to achieve their true potential. While we already offer help and support by providing a unique service and a gateway back into the community. Our aim is to build a Transformation resort in a rural setting. This purpose -built facility when completed will offer a bespoke range of services and support focusing on the well-being of our members. The service will be designed to empower Veterans and their families and develop the skill sets they need to identify and achieve their individual goals. Funding given for Training sessions in building confidence and self-esteem, 1 to 1 session given with the aim of removing barriers such as fears and anxiety. Ongoing support and coaching and therapy, delivery of bespoke workshops to explore and identify personal barriers to enable them to achieve agreed goals, re-engage with mainstream services, and ultimately maintain or gain employment. ## **RISK MANAGEMENT** The trustees examine the major strategic, business, and operational risks which the charity faces so that the necessary steps can be taken to manage these risks at the AGM. The Board consider the major risks at their meetings, whilst other risks are considered as part of normal day to day management processes. The current main risks are securing longer term core & capital funding to meet essential core and overhead costs including maintenance to sustain and develop a variety of facilities and resources to meet demand in services. ## **RESERVES POLICY** The Management Committee has examined the charity’s requirements for reserves, in view of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be 3 months of the expenditure. 10 | P a g e Expenditure for the financial year 2020/2021 was £10,000. The reserves are needed to meet the working capital requirements of the charity and the Management Committee are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding or earned income. ## **RELATED PARTIES** In so far as it is complimentary to the Charity’s objects, the charity is guided by both local and national policy. ## **PUBLIC BENEFIT** The Trustees confirm that they have complied with their duty under the Charities Act 2011 to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties. ## **TRANSFORMATION FOR VETERANS- ONLINE HUB** T4V is a multi-purpose community organisation that delivers a wide range of services itself or hosts services. It is looking into pro-actively engaging other organisations in the future to deliver their essential services in the Cheshire area. Our events and sessions are designed with all ages in mind and targeted towards the vulnerable, elderly and those most disadvantaged veteran community. (Subject to the UK Government guidance on the Covid pandemic) T4V now operates online until such time as it can start operating from our Lodge again, which is in the heart of the Cheshire district. ## **MAKING A DIFFERENCE** T4V’s online training workshops and one to one session with Veterans, their wives and partners demonstrated via feedback forms the following: - 98% of people said they were confident after using our services - 97% said using our services helped them believe they can do more with their life. - 99% felt they benefited positively from our services A Veteran who was suicidal became self-employed. A Veteran became a volunteer, preventing social isolation. ## **FEEDBACK FROM THOSE WHO COMPLETED THE WORKSHOPS** “I built up my confidence and started painting” 11 | P a g e - “I can go for a walk outside.” - “I no longer feel suicidal” - “I now have the confidence and skills to get a job” - “I feel more positive for my future.” ## **ACTIVITIES, PROGRESS AND ACHIEVEMENTS** Building relationships with local organisations in the Cheshire areas. With the Warrington Disability Partnership, Warrington Veterans Hub, Salvation Army Crewe, Hamilton House in Chester, Housing Trusts, Job centres and with local Health care professionals. Inside connexions in the Liverpool area. Regular telephone calls to offer support, advice and companionship to the elderly, vulnerable and socially isolated members in our Veteran community. The telephone contacts were greatly appreciated and, in some cases, prevented hospital admission, suicide, and loneliness. ## **PARTNERSHIP WITH 3[RD] PARTY FUNDRAISERS;** ECS Textiles Ltd are a recycling company. They raise vital funds through donations from various clothing collection schemes. The donated items are then recycled and in so doing divert waste from landfill sites. As well as giving regular donations to charity, this initiative also helps with employment. Regular donations for this financial year end total £30,000. ## **Case studies:** We have used our business contacts to establish business networking opportunities for a number of veterans. This has led to them developing their own businesses and generate a sustainable income. During our office refurbishment, we have also used the construction skills of veterans in joinery, electrical works, plastering and roofing. During their time with us they have earned an income and put their skills to good use. In every instance the feedback from the veterans is that they feel useful and valued members of our community and feel more confident about their future. ## **FINANCES AND FUNDING** 12 | P a g e The attached financial statements show the current state of the finances with total incoming resources amounted to £67,430 and £34,645 a government grant for the furlough scheme. A Reserve of £10,000.00 held in account. ## **FUTURE DEVELOPMENTS** ## **Key priorities over the next 3year period are;** - . - Embed Safeguarding making it the spine of the T4V - Develop further partnerships & networking opportunities to strengthen delivery of training provision - Increase the portfolio of volunteering roles - Increase the number of Trustees - Develop training and support for our Veteran community. - Implement Strategies to start the stage one for the Transformational resort. - Develop new 3year Business Plan within 2020 ## **Trustee responsibilities** The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) Company law requires the trustees to prepare financial statements for each financial year (or other accounting period) which give a true and fair view of the situation of the charitable company, and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements the trustees are required to: - select suitable accounting policies and then apply them consistently. 13 | P a g e - observe the methods and principles in the Charities SORP - make judgements and estimates that are reasonable and prudent. - state whether applicable UK Accounting Standards have been followed, - subject to any material departures disclosed and explained in the financial statements. - prepare accounts on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records, that disclose with reasonable accuracy, at any time, the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustee’s report is prepared in accordance with the small companies’ regime under Part 15 of the Companies Act 2006. On behalf of the Board of Trustees: 14 | P a g e TRANSFORMATION FOR VFTERANS A COMPANY LIMITED BY GUARANTEE COMPANY NUMBER 07290914 CHARITY NUMBER 1141508 FINANCIAL STATEMEwfs FOR THE YEAR ENDED 30TH JUNE 2021 CO￿TE￿[S Page ADMNISTRATIVE DETAILS TRUSTEES, RESPONSIBILITIES STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS DEfAILED STATEMENT OF FtNANCIAL ACTIVITIES PHOENIX ACCOUNTS ACCOUNTAwfs AND CONSULTA]YTS 5S WOODLANDS WAY TARPORLEY CHESIIIRE CW6 OTP Page I TRANSFORMATION FOR VFTFRANS A COMPANY LIMITED BY GUAIUNTFE COMPANY NUMBER 07290914 CHARITY NUMBER 1141508 ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 30TH JUNE 2021 Registered company number 07290914 Registered charity number 1141508 Registered office Sovereign House York Hill Fami Chester Road Tarporley Cheshire CW6 9ER Founder Joe O'connor Company secretary Tracey O'connor Project Co-ordinator Tracey O'connor Trnstees Tracey O'connor Winston Wagslaff Stephen Clark James O'shea Accountants Pho¢nix Accounts 55 Woodlands Way TaTporley Cheshire CW6 Irrp Bankers HSBC 47 Eastgate Street Ches*r CHI IXW Tracey O'connor cea8ed to be a trustee on 16 December 2020 and, on thai date, Jamcs O'shea was appointed a Irustee. Page 2 TRANSFORMA TION FOR VETF.RANS A COMPANY LIfvIITED BY GUARAiN'TEE COMPANY NUMBER 07290914 CHARITY f4UMBER 1141508 STATENIENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 30 JUNE 2021 The IrLlStees are responsible for preparing Ihe financial statements in accordance iviih applicable laii. and United Kingdoin Generally A¢cepled Accounting Praclice. The laiv applicable lo charilies in England and Wale5, the Charities Act 1993, Charities (Accolinls and Reports) Regulations 2008 and the provisions of the Irust deed requires the Iriislees to prepare financial staleinents for each financial year i1.hich give a true and fair vie¥v of the stale of at7airs of the charity and of the incoming resources and application of resources including the income and expendilure of the charity. for Ihal period. In preparing those financial staletnents, the trustees are required 10: l ) Select suitable accounting tA)licies and then appl}I them consistently. 2) Observe the mcthods and principle5 in ihe Charily SORP,. 3) Make judgei)ienls and estimates ii,here reasonable and prudent. 4) Prepare the financial slatem¢nls on the going concern basis unless li is inappropriate Lo presume that the chariiy i%'ill continue in business. The trLlStees are responsible for keeping proper accounting records ivhich disclose iviih reasonable accliracy al an), time the financial posilion ofthe charily and to enable Ihein to ensure that the financial statements comply ii'ith the Charilies Acl 1993, Ihe Charity (A¢coiinls and Reports) Regulaiions 2008 and the provision of the Irusl deed. The). are also responsible for safeguarding the assets ofthe Charity and hence for taking reasonable steps for the prevention and deiection offraud and oiher irreglilarilies. 11]e financial statements ii'ere approved b)J the iruslees and auihorised for issue on 4 March 2022 and signed on their behalf b),: Mr Winston Wagslaff Direeior Page 3 TRANSFORMATION FOR VETERANS A COMPANY LIMITED B Y GUARANTEE COMPANY NUMBER 07290914 CHAIUTY NUMBER 1141S08 STATEMENT OF FINANCIAL ACTIVITIFS FOR THE YEAR ENDED 30TH JUNE 2021 2020 2021 INCOMING RESOURCES Voluntary income Income from charitable activities Job retention sch¢me grant Interest received Total incoming resources RFSOURCES EXPENDF.D Governance costs Support Costs Total re80uree$ expended NET INCOMING (OUTGOING) RESOURCES 35.197 390 11297 24 46,908 32,782 34,645 67,430 8,621 600 87 81,639 (40.700) (14,209) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARIUED FORWARD 10,020 (4.189) Page 4 TRANSTr"OIiMATION FOR VF.TERANS A COMPANY LIMITED B Y CUARAtI"rEE COMPANY liUMBER 07290914 CHARITY NUIIBER 1141508 BALANCE SHEET AS AT 30TIIJuNE 2021 Note 2020 2020 2021 2021 FIXED ASSETS Tangible ass¢is 21.821 13,965 CL'RRENT ASSETS Debtors Cash al bank- and in hand 4,304 43257 36.731 CURRENT LIABILITIES Amounts falling due ithrn l year NET CURRENT ASSETS NET ASSETS FINANCED B Y.. UNRESTRICTED General fund Reslricied fiind 10.020 (4,189) These accoiints have been prepared in accordance iiith the special provisions in pan 15 ofihe Companies Act 2006 relating lo small companies and in accordance iviih the Financial Reporting Standard for Smaller Entities (effective April 2008). For the year ended 30 June 2021 the Company wa5 entitled to ¢xemption from audit under section 477 of the Companies A¢1 2006. The Ineinbers have not reqliired the coinpany lo obtain an alidil in accordance iviih seclion 476 of the Companies Act 2006. Th¢ Director acknowledges her responsibiliiy for complying iviih the requirements of ihe Act iviih respect lo accolinting records and fDr the prepardtion of ac¢oLints. These ac¢oLints have been prepared in accordance ivith the provisions applicable to coinpanies SLibject to ihe small companies. regime. Mr Winston Wags¢alY41h March 2022 Page 5 TRANSFORMATION FOR VETERANS A COMPANY LIMITFD BY GUARANTEE COMPANY NUMBER 07290914 CHARtTY1¥4UMBER 114150 NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 30TH JUNE 2021 I. ACCOUNTING POLICIES The principal accounting policies adopted in the Preparation of the financial statements are set out klow and have been consist¢nlly applied within the accounts. Basis of a¢eounting- The fJtTrancial slatements have been PTepared under the historical cost convention. Going con¢ern- The Directors commit lo providing sufficient funds to enable the Company io continue to trade. F.xemption from preparing A cash Ilow statement- Exemption has been taken on the grounds that ihe charilable company qualifies as a small charilable company. Incoming resour¢ey- All incoming tesources are included on the Statement of Financial Activiti¢s when the charity is legally entitled to the income and ihe amount can be quantified with reasonable accuracy. Grant income- Grants for th¢ purchase of fixed assets a￿ credit¢d to restrici incoming resources when rcceivabl¢ and irdnsfenrd to unrestricted funds when the asset is purch&sed. Depreciation on the fixed assets purch&8ed with such grants is charged against unrestricted fi￿ds. Income from grants which relate to perforniance and specifi¢ deliverables is accounted for as the Charity earns the right to consideration by ils perfomiance. Grants are credited to incoming resourc¢s on the earlier date of when they ar¢ received or when they are receivable unless they relat¢ to a specified future period in which case th¢y are defe￿ed. Voluntary in¢ome- Income receivcd via donations and gifts to the charity is included in full in the Statement of Financial Activities when received. Investment ineom¢- Investment income is included in the Statcmenl of Financial Activities when received. Page 6 TRAf1SFORMATIO￿, VETERANS A COMPANY LIMITED BY GUARANTEE COMPANY IYUMBER 07290914 CHARITY NUMBER 114150 NOTES TO THE FI.WANCIAL STATF.MENTS R THE YEAR ENDED 30 JUNE 2021 I. ACCOUliTING POLICIES COINT1￿￿ED Resources e¥ptnde(l - Expendlture is recognised on an accruals basi5 as the liability is inciirred. Charitable expenditure covers all costs incurred by the charity in the delivery of its a¢tivilies and services. It includes both costs that can be allocated directly to siich activities and Costs of an indirect nature required lo support them. All costs are allocated between the Staiem¢nt ofFinancial Activities on tt basis designed to reflect the iise of Ihe resoLirc¢ and have been classified uilder headings that aggregat¢ all costs related io the calegor). Where costs cRnnot be directly altribLlted to pllrticular headings. they have been all[￿ted to aclivilies on a basis consistent with the use of resources. Governance Costs- These include costs associated ￿'ith meeting the constitutional and slaiiitory requirements of the chariiy including audit fees. Allocation and apportionment of fees- Stsff costs and overhead exp¢nses are allocated lo activities on ihe basis of staff lime spenl on those activities. Tangible fixed Asset depreciation- Depreciation is provided al l 00/0 on cosl lo ivrite otT Website, Bliilding and Plant and machinery assets over their useful ¢conomic lives. 2. TANGIBLE FIXED ASSETS Plani & Land & Mud)inery ￿ilding5 Pl*￿1￿8 Compuiers i*¢bsi(e Fixlures & rJthn&s Tot COST Ai In12020 Addilions Disposals AI 3￿￿a￿lI IJ) 62.867 7,416 1.425 78J68 i.￿0 61867 7.416 1.425 78J68 DEPREClttTIOI AI 11712020 Cliarg¢ for )"ear AI 30162021 500 100 6(Xl 3,516 586 4.102 47J71 286 54,157 856 143 5A747 7.856 64,603 741 4.745 I F'I. BOOK I'kll.DE AI 3016Q021 710 965 AI 301N2020 51K> 2J44 14.996 3.412 569 21,821 Page 7 TRANSFORMATION FOR VETERANS A COMPANY LIMITED BY CUARANTEL COMPANY NUMBER 07290914 CHARITY NUMBER 1141508 NOTES TO THE FINANCJAL STATEMENTS FOR THE YEAR ENDED 30TIJ JUNE 2021 2020 2021 3. DEBTORS Other debtors 4,304 4. CREDITORS Accruals Taxalion and social security Loan 6(K) 1,507 2,100 5. GENF,RAL FUND Balance brought forward Le5s.' Net expenses in the year Balance carried forward 50.720 10.020 6. RESTRicfED FUND Balance bToughi fonvard Add.. Restricted fund income in the year Less: Restricted fund costs Balance carried forward 28.750 28,750 8.820 7. RELATED PARTY DISCLOSURES The loan of £24200.80 is money owing to Mr Joe O'connor as of 30th June 2021. Page 8 TRANSFORMATION FOR VETERANS A COMPANY LIMITED B Y GUARANTF.E COMPANY NUMBER 07290914 CHARITY IYUMBER 1141508 DETAILED STATFMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2021 2020 2020 2021 INCOMING RESOURCES Voluntary Ineom¢ Donations and mis¢ellan¢ous income 35,197 Ineoming resources frnm charitable activities Fundraising Job retention scheme grant Interest received 32,782 390 11.297 24 34.645 Total fftneoming resources 46,908 67,430 LESS: RESOURCES EXPFNDED Legal fees Accountancy Wages and social security Pension conlributions Staff expenses and iravel Consultancy fees Advertising Telephone Computer costs Depreciation 8,081 540 61,146 600 60,442 619 1.051 5,400 5.405 1221 96 748 NET INCOME I EXPENDITURE PaRe 9 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of TRANSFORMATION FOR VETERANS On accounts for the year ended 30~ JUNE 2021 Charity no (rfany) 1141508 Set out on pages 1T09 I report to the trustees on my examination of the accounts of the above charity (Ihe TNst°) for the yearended Ivvi&v Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance wtlh the requirements of the Charities Act 2011 (Ihe Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in ¢arrying out my examination, I have foll¢)wed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent tThe Ghartty's gross income exceeded £250,000 and l am qualified to examine￿S ststement undertake the examination by being a qualified member of linsert name of applicable listed bodyll. Delete [ ] rfnot appliGable. I have completed my examination. I Confi￿ that no material matters have come to my attention in connection with the examination {other than that disdosed below") v4hith gives me cause to believe that in, any material respect.. the accounting records were not kept in awordance with section 130 of the Charities Act" or the accounts did not accord with the accounting records," or the accounts did not comply with the applicable requirements conceming the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination. I have no COn￿m5 and have come across no other matters in Connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. . Please delete the words in the brackets rfthey do not apply. Signed." Date: Name: TIMOTHY DAVID CROSS Relevant professional qualificationls) or body MEMBER IN PRACTICE OF THE CHARTERED INSTITUTE OF MAMANGEMENT ACCOUNTANTS IER Oct 2018 (if any): Address: 55 WOODLANDS WAY. TARPORLEY, CHESHIRE. OTP Section B Disclosure Only complete rfthe examiner needs to highlight material matters of cOn￿M (see CC32, Independent examination of charty a￿Uftts: directions and guidan￿ for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018