## 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**
1
## 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.
2
## 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)
3
## 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
4
## 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.
5
## 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)
6
## 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.
7
## 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.
**----- Start of picture text -----**
||||
|---|---|---|
|Defined contribution pension scheme|2021|2020|
|£|£|
|Costs of the scheme to the charity for the year|4,308|3,645|
**----- End of picture text -----**
**----- 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 -----**
8
## 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).
9
## 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|
|---|---|---|---|---|
10