## Transformations Leeds
Charity number 1156239
Annual Report and Financial Statements for the year ended 31 December 2023
## 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**
1
## 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.
2
## 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.
3
## 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)
4
## 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
5
## 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.
6
## 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)
7
## 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.
8
## 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.
9
## 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).
10
## 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|
|---|---|---|---|---|
11