2021-12-31-accounts - Transformations Leeds

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Transformations Leeds

Charity number 1156239

Annual Report and Financial Statements

for the year ended 31 December 2021

Transformations Leeds

Annual Report and Financial Statements for the year ended 31 December 2021

Contents	Page
Trustees' report	2 to 3
Examiner's report	4
Statement of financial activities	5
Balance sheet	6
Notes to the accounts	7 to 10

Prepared by West Yorkshire Community Accountancy Service CIO

Transformations Leeds

Trustees' report for the year ended 31 December 2021

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Linda Eaves Chair Alan Angilley Treasurer Feng Lyu Alan Duboisee de Ricquebourg Appointed October 2021 Charity number 1156239 Registered in England and Wales

Registered and principal address

Blenheim Baptist Church Blackman Lane Leeds LS2 9ER

Bankers

The Co-operative Bank plc CAF Bank Ltd Customer Services 25 Kings Hill Avenue PO Box 250 Kings Hill Skelmersdale West Malling WN8 6WT Kent ME19 4JQ

Independent examiner

Stephen Procter West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity is a Charitable Incorporated Organisation (CIO) foundation formed on 18 March 2014 and is governed by a constitution.

Method of recruitment and appointment of trustees

The trustees of the charity are appointed by the by the trustees at a duly convened meeting.

Transformations Leeds

Trustees' report (continued) for the year ended 31 December 2021

Objectives and activities

The charity's objects

To advance the Christian faith for the benefit of the public, mainly but not exclusively, through activities involving international students, Christians, churches and other relevant organisations, in Leeds, the United Kingdom and overseas.

The charity's main activities

In 2021 we were able to return to doing many of the in-person events that we had done previously. We worked with our partners to welcome international students to Leeds, help them make friends through The Living Room and give them space to find out about the Christian faith through Explore International.

We also continued to develop our online activities, holding our most successful online Transforming your World conference and continuing to grow our Global Apprenticeship Programme with our fourth cohort having participants from 6 different countries.

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of religion and education.

Achievements and performance

Our work has developed in the last year, enabling us to:

Serve more Christians . By putting our conference and leadership training online we are able to teach Christians around the world and are no longer restricted to students in Leeds. This enables us to train a new generation of godly influencers around the world.

Resource more evangelism . By recording our Explore International talks we now have an evangelistic resource that can be used just about anywhere in the world! Returned graduates have a ready made way to share the Good News with their non-Christian friends.

Building for the future . By employing a new ‘mission mobilizer’, and reducing office costs, we have been able to grow our capacity. This enables us to continue both aspects of our work: bringing transformation to students in Leeds, just as we have always done, and training leaders to bring transformation to their nations, our more recent work.

Financial review

The net income for the year was £1,718, all relating to unrestricted funds.

Reserves policy

The charity's free reserves at the year end were £38,199.

At the Trustees meeting on the 21 February 2022 a new reserves policy was agreed.

We have adopted a two limit policy based on time. The lower limit, which would be a level below which the trustees would have concerns for the charity’s future, is 3 months’ running costs. The upper limit, an amount above which the trustees could not justify holding rather than spending, would be 6 months’ running costs

Signed on behalf of the board of trustees on 13/09/2022

A.S.Angilley (Trustee)

Transformations Leeds

Independent examiner's report to the trustees of Transformations Leeds

I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 December 2021, which are set out on pages 5 to 10.

Responsibilities and basis of report

As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the CIO's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records; or
3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Stephen Procter

16/09/2022

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

Transformations Leeds

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 December 2021

Notes 2021 Unrestricted funds £ Income from: Grants (2) - Regular giving 48,639 One-off giving 10,285 Sponsored and fundraising events 8,527 International students courses and events 1,310 Other income - Total income 68,761 Expenditure on: Salaries, NIC and pensions (3) 52,210 Payroll charges 601 Freelance staff - Visa sponsorship - Staff travel and subsistence 2,852 Training and conferences (inc Int'l Students) 365 Meeting volunteers 52 Team meetings 845 Rent and service charges 3,562 Equipment and IT 733 Website and media 661 Video development - Printing, postage and stationery 247 Telephones 263 Fundraising events and costs 15 Accountancy 856 Affiliate fees - Mentoring 1,050 Insurance 678 Independent examination 450 Bank charges 96 Recipients Living Room 1,104 God's Apprenticeship Programme 43 Training events (inc training volunteers) 258 Resources and books 9 Explore International activities 93 Total expenditure 67,043 Net income / (expenditure) 1,718 Fund balances brought forward 36,481 Fund balances carried forward (4) 38,199	2021 Restricted funds £ 7,800 - - - - - 7,800 7,410 - - - - - - - - - - 390 - - - - - - - - - - - - - - 7,800 - - -	2021 Total funds £ 7,800 48,639 10,285 8,527 1,310 - 76,561 59,620 601 - - 2,852 365 52 845 3,562 733 661 390 247 263 15 856 - 1,050 678 450 96 1,104 43 258 9 93 74,843 1,718 36,481 38,199	2020 Total funds £ 12,684 47,019 5,320 2,318 1,984 389 69,714 49,149 504 313 23 36 1,117 5 370 3,878 1,231 1,176 - 190 327 857 913 125 950 621 450 60 74 324 375 128 3,437 66,633 3,081 33,400 36,481

All incoming resources and resources expended derive from continuing activities.

Transformations Leeds

Balance sheet

as at 31 December 2021 2021 Unrestricted £ Current assets Debtors (5) 8,257 Cash at bank and in hand (6) 30,817 Total current assets 39,074 Current liabilities: amounts falling due within one year Creditors (7) 875 Total current liabilities 875 Net current assets / (liabilities) 38,199 Net assets 38,199 Funds Unrestricted funds 38,199 Restricted funds - Total funds 38,199	2021 Restricted £ - - - - - - - - - -	2021 Total £ 8,257 30,817 39,074 875 875 38,199 38,199 38,199 - 38,199	2020 Total £ 2,760 34,901 37,661 1,180 1,180 36,481 36,481 36,481 - 36,481

The financial statements were approved by the board of trustees on 13/09/2022

A.S.Angilley (Trustee)

Transformations Leeds

Notes to the accounts

for the year ended 31 December 2021

1 Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Pensions

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Transformations Leeds

Notes to the accounts continued

for the year ended 31 December 2021

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |2|Grants|2021|2021|2021|2020| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |£|£|£|£| |Tabeel Trust|-|3,000|3,000|3,000| |Child's Charitable Trust|-|3,000|3,000|-| |The Howard Foundation|-|-|-|9,684| |-|-| |Toye Foundation|1,800|1,800| |-| |7,800|7,800|12,684| |3|Staff costs and numbers|2021|2020| |£|£| |Gross salaries|55,312|45,504| |Social security costs|3,312|2,851| |Employment allowance|(3,312)|(2,851)| |Pensions|4,308|3,645| |59,620|49,149|

----- End of picture text -----

The average number of employees during the year was 4, being an average of 2.2 full time equivalent (2020: 3.4, 1.9 FTE). There were no employees with emoluments above £60,000.

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|||| |---|---|---| |Defined contribution pension scheme|2021|2020| |£|£| |Costs of the scheme to the charity for the year|4,308|3,645|

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----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |4|Restricted funds|Balance b/f|Incoming|Outgoing|Transfers|Balance c/f| |£|£|£|£|£| |Tabeel Trust|-|3,000|3,000|-|-| |Child's Charitable Trust|-|3,000|3,000|-|-| |-|-|-| |Toye Foundation|1,800|1,800| |-|-|-| |7,800|7,800|

----- End of picture text -----

Fund name

Purpose of restriction

Tabeel Trust Child's Charitable Trust Toye Foundation

To assist in developing God’s Apprenticeship Programme To help develop Explore International.

Towards salary costs for leading the God’s Apprenticeship Programme.

5 Debtors

Debtors

----- Start of picture text -----
||| |---|---| |2021|2020| |£|£| |8,257|2,760| |8,257|2,760|

----- End of picture text -----

Transformations Leeds

Notes to the accounts continued

for the year ended 31 December 2021

6 Cash at bank and in hand Cash at bank Cash in hand 7 Creditors Creditors	2021 £ 30,741 76 30,817 2021 £ 875 875	2020 £ 34,825 76 34,901 2020 £ 1,180 1,180

8 Related party transactions

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

Remuneration and benefits received by key management personnel

The key management personnel of the charity include the trustees and the Director. The total employee benefits received were £23,810 (previous year: £21,272).

Transformations Leeds

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 December 2021

2021 2020 Unrestricted Unrestricted funds funds £ £ Income Grants - 7,500 Regular giving 48,639 47,019 One-off giving 10,285 5,320 Sponsored and fundraising events 8,527 2,318 International students courses etc 1,310 1,984 Other income - 389 Total income 68,761 64,530 Expenditure Salaries, NIC and pensions 52,210 43,965 Payroll charges 601 504 Freelance staff - 313 Visa sponsorship - 23 Staff travel and subsistence 2,852 36 Training and conferences 365 1,117 Meeting volunteers 52 5 Team meetings 845 370 Rent and service charges 3,562 3,878 Equipment and IT 733 1,231 Website and media 661 1,176 Video development - - Printing, postage and stationery 247 190 Telephones 263 327 Fundraising events and costs 15 857 Accountancy 856 913 Affiliate fees - 125 Mentoring 1,050 950 Insurance 678 621 Independent examination 450 450 Bank charges 96 60 Recipients Living Room 1,104 74 God's Apprenticeship Programme 43 324 Training events (inc volunteers) 258 375 Resources and books 9 128 Explore International activities 93 3,365 Total expenditure 67,043 61,377 Net income / (expenditure) 1,718 3,153 Fund balances brought forward 36,481 33,328 Fund balances carried forward 38,199 36,481	2021 Restricted funds £ 7,800 - - - - - 7,800 7,410 - - - - - - - - - - 390 - - - - - - - - - - - - - - 7,800 - - -	2020 Restricted funds £ 5,184 - - - - - 5,184 5,184 - - - - - - - - - - - - - - - - - - - - - 72 5,256 (72) 72 -	2021 Total funds £ 7,800 48,639 10,285 8,527 1,310 - 76,561 59,620 601 - - 2,852 365 52 845 3,562 733 661 390 247 263 15 856 - 1,050 678 450 96 1,104 43 258 9 93 74,843 1,718 36,481 38,199	2020 Total funds £ 12,684 47,019 5,320 2,318 1,984 389 69,714 49,149 504 313 23 36 1,117 5 370 3,878 1,231 1,176 - 190 327 857 913 125 950 621 450 60 74 324 375 128 3,437 66,633 3,081 33,400 36,481