2023-12-31-accounts - Transformations Leeds

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Transformations Leeds

Charity number 1156239

Annual Report and Financial Statements for the year ended 31 December 2023

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Transformations Leeds

Annual Report and Financial Statements for the year ended 31 December 2023

Contents	Page
Trustees' report	2 to 4
Examiner's report	5
Statement of financial activities	6
Balance sheet	7
Notes to the accounts	8 to 11

Prepared by West Yorkshire Community Accountancy Service CIO

Transformations Leeds

Trustees' report for the year ended 31 December 2023

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 Elizabeth Taylor Chair Alan Angilley Feng Lyu Alan Duboisee de Ricquebourg Oritseweyinmi Orighoye Linda Eaves Resigned May 2023 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

Katy Sargeant 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 as amended 28 July 2022.

Method of recruitment and appointment of trustees

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

Transformations Leeds

Trustees' report (continued) for the year ended 31 December 2023

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

Transformations Leeds helps international students with their emotional, spiritual and social needs. We run events that assist international students in overcoming loneliness, give them the opportunity to find out about the Christian faith and enable them to integrate and participate in local church communities. Our work has such an impact upon international students that they describe it as transformational - hence our name, ‘Transformations Leeds’. We also deliver online training and coaching which empowers Christian international graduates who’ve studied across the UK to become godly leaders who can transform their nations.

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

l International Welcome Week . We trained and collaborated with 30 members of the Leeds University CU to put on events which 600 international students attended.

l The Living Room . We co-ordinated this weekly social event giving international students a ‘home away from home’. Approximately 250 International students from 35+ countries joined our evenings, which included ‘Pancake Night’, ‘Ceilidh Night’ and occasional day trips.
l Explore International. A Christian basics course which we wrote because international students told us that popular UK courses (like Alpha) had too many Western assumptions. More than 50 international students attended this course last year as they wanted to find out more about Christianity whilst in Leeds.
l Intern programme. We ran a successful year-long internship for recently graduated international students. This year we had interns from Hong Kong, Kenya & Ecuador.

Financial review

The net expenditure for the year was £2,095, including net expenditure of £11,756 on unrestricted funds and net income of £9,661 on restricted funds.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £19,273.

The purpose of holding reserves is to enable the smooth running of the charity and to allow for an orderly winding up should the charity need to close. The trustees have determined policy limits of between 3 and 6 months of annual budgeted expenditure to meet this purpose.

Transformations Leeds

Trustees' report (continued) for the year ended 31 December 2023

Reserves policy

The year end free reserves were a little below the 3 months' running costs, but the trustees are aware of this and are comfortable with the financial state of the charity, since there was an additional £10,770 available in restricted funds, which also contribute to the regular fixed costs of the charity.

Approved by the board of trustees on 11/9/2024

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 2023, which are set out on pages 6 to 11.

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.

Katy Sargeant

12/9/2024

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 2023

Notes 2023 Unrestricted funds £ Income from: Grants (2) 3,000 Regular giving 51,790 One-off giving 7,236 Sponsored and fundraising events 14,247 Training courses 1,016 Sundry income 136 God's Apprenticeship Programme income 481 Total income 77,906 Expenditure on: Salaries, NIC and pensions (3) 74,959 Payroll charges 702 Visa sponsorship 557 Travel and subsistence 4,237 Staff training and conferences 523 Meeting costs 719 Rent and room hire 1,539 Equipment and IT 314 Website and media 535 Printing, postage and stationery 89 Telephones 113 Fundraising events and costs 111 Accountancy 967 Affiliate fees 275 Mentoring - Insurance 758 Independent examination 774 Bank charges 60 God's Apprenticeship Programme 7 Events and meetings 1,012 Resources and books 182 The Living Room (international student café) - Explore International activities 488 Donation platform fees 741 Total expenditure 89,662 Net income / (expenditure) (11,756) Fund balances brought forward 31,029 Fund balances carried forward (4) 19,273	2023 Restricted funds £ 20,134 - - - - - - 20,134 4,590 - - 92 - - 1,000 - - - 54 - - - 1,750 - - - - - - 2,987 - - 10,473 9,661 1,109 10,770	2023 Total funds £ 23,134 51,790 7,236 14,247 1,016 136 481 98,040 79,549 702 557 4,329 523 719 2,539 314 535 89 167 111 967 275 1,750 758 774 60 7 1,012 182 2,987 488 741 100,135 (2,095) 32,138 30,043	2022 Total funds £ 6,250 45,460 9,435 13,411 628 66 1,120 76,370 67,892 627 47 1,365 - 847 2,400 1,052 516 285 268 431 660 260 700 713 450 81 165 954 56 1,335 686 641 82,431 (6,061) 38,199 32,138

All incoming resources and resources expended derive from continuing activities.

Transformations Leeds

Balance sheet

as at 31 December 2023 2023 Unrestricted £ Current assets Debtors 2,029 Cash at bank and in hand (5) 19,248 Total current assets 21,277 Current liabilities: amounts falling due within one year Creditors and accruals (6) 2,004 Total current liabilities 2,004 Net current assets / (liabilities) 19,273 Net assets 19,273 Funds Unrestricted funds 19,273 Restricted funds - Total funds 19,273	2023 Restricted £ - 10,770 10,770 - - 10,770 10,770 - 10,770 10,770	2023 Total £ 2,029 30,018 32,047 2,004 2,004 30,043 30,043 19,273 10,770 30,043	2022 Total £ 10,869 22,624 33,493 1,355 1,355 32,138 32,138 31,029 1,109 32,138

The financial statements were approved by the board of trustees on 11/9/2024

A S Angilley (Trustee)

Transformations Leeds

Notes to the accounts

for the year ended 31 December 2023

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, if 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 2023

2 Grants and donations Tabeel Trust The Howard Foundation The National Lottery Community Fund (NCLF) Wade's Charity Other grants 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions	2023 Unrestricted funds £ 3,000 - - - - 3,000	2023 Restricted funds £ - 11,000 7,134 2,000 - 20,134	2023 Total funds £ 3,000 11,000 7,134 2,000 - 23,134 2023 £ 72,518 5,475 (5,475) 7,031 79,549	2022 Total funds £ - 2,750 - 1,500 2,000 6,250 2022 £ 61,719 4,243 (4,243) 6,173 67,892

The average number of employees during the year was 4, being an average of 2.7 full time equivalent (2022: 4, 2.4 FTE). There were no employees with emoluments above £60,000.

Defined contribution pension scheme Costs of the scheme to the charity for the year 4 Restricted funds Balance b/f £ Wade's Charity 1,109 Howard Foundation 22/23 - Howard Foundation 23/24 - NCLF - Awards for All - 1,109	Incoming £ 2,000 2,750 8,250 7,134 20,134	Outgoing £ 1,120 2,750 2,496 4,107 10,473	2023 £ 7,031 Transfers £ - - - - -	2022 £ 6,173 Balance c/f £ 1,989 - 5,754 3,027 10,770

Fund name

Wade's Charity Howard Foundation 22/23 Howard Foundation 23/24 NCLF - Awards for All

Purpose of restriction

To support The Living Room international student café. Towards office costs and to cover coaching costs. Towards Mission Mobiliser's costs and to cover coaching costs. To support The Living Room international student café.

Transformations Leeds

Notes to the accounts continued

for the year ended 31 December 2023

5 Cash at bank and in hand Cash at bank Cash in hand 6 Creditors and accruals Creditors Accruals	2023 £ 29,893 125 30,018 2023 £ 973 1,031 2,004	2022 £ 22,544 80 22,624 2022 £ 881 474 1,355

7 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 total employee benefits received by key management personnel were £27,382 (previous year: £23,974).

Transformations Leeds

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 December 2023

2023 2022 Unrestricted Unrestricted funds funds £ £ Income Grants 3,000 - Regular giving 51,790 45,460 One-off giving 7,236 9,435 Sponsored and fundraising events 14,247 13,411 Training courses 1,016 628 Sundry income 136 66 God's Apprenticeship Programme 481 1,120 Total income 77,906 70,120 Expenditure Salaries, NIC and pensions 74,959 66,151 Payroll charges 702 627 Visa sponsorship 557 47 Travel and subsistence 4,237 1,365 Staff training and conferences 523 - Meeting costs 719 847 Rent and room hire 1,539 1,155 Equipment and IT 314 247 Website and media 535 516 Printing, postage and stationery 89 285 Telephones 113 268 Fundraising events and costs 111 431 Accountancy 967 660 Affiliate fees 275 260 Mentoring - - Insurance 758 713 Independent examination 774 450 Bank charges 60 81 God's Apprenticeship Programme 7 165 Events and meetings 1,012 954 Resources and books 182 56 The Living Room (int. student café) - 944 Explore International activities 488 427 Donation platform fees 741 641 Total expenditure 89,662 77,290 Net income / (expenditure) (11,756) (7,170) Fund balances brought forward 31,029 38,199 Fund balances carried forward 19,273 31,029	2023 Restricted funds £ 20,134 - - - - - - 20,134 4,590 - - 92 - - 1,000 - - - 54 - - - 1,750 - - - - - - 2,987 - - 10,473 9,661 1,109 10,770	2022 Restricted funds £ 6,250 - - - - - - 6,250 1,741 - - - - - 1,245 805 - - - - 700 - - - - - 391 259 - 5,141 1,109 - 1,109	2023 Total funds £ 23,134 51,790 7,236 14,247 1,016 136 481 98,040 79,549 702 557 4,329 523 719 2,539 314 535 89 167 111 967 275 1,750 758 774 60 7 1,012 182 2,987 488 741 99,394 (1,354) 32,779 31,425	2022 Total funds £ 6,250 45,460 9,435 13,411 628 66 1,120 76,370 67,892 627 47 1,365 - 847 2,400 1,052 516 285 268 431 660 260 700 713 450 81 165 954 56 1,335 686 641 81,790 (5,420) 38,199 32,779