Transformations Leeds
Charity number 1156239
Annual Report and Financial Statements for the year ended 31 December 2024
Transformations Leeds
Annual Report and Financial Statements for the year ended 31 December 2024
| 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
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Transformations Leeds
Trustees' report for the year ended 31 December 2024
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 Andrea Dickson Ivy Kareisi Charity number 1156239
resigned 8 Jan 2025
appointed 4 Nov 2024 appointed 4 Nov 2024
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 ACA 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.
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Transformations Leeds
Trustees' report (continued) for the year ended 31 December 2024
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
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l We ran Explore International an 8 week evangelistic course which presents the Christian faith to international students, giving many who have never read the Bible before the opportunity to understand its message This year 60 international students attended.
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l We work on International Welcome Week with the Leeds University Union Christian Union. Our Team Leader equips the volunteer team (c.30) to share their faith with international students and helped to organise 7 evangelistic and welcoming events. Total footfall was approximately 700+.
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l Our Living Room project shows the unconditional love of Jesus by providing friendship and culturallyappropriate weekly activities for international students from all faiths and none. Through this we supported up to 250 students (unique individuals) this year.
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l We ran a full time, year-long Internship Programme giving Christian internationals the opportunity to learn how to share the Bible with others, develop their leadership skills and have a placement in a local church.
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l We ran an Online Programme which educates Christian students and graduates to analyse culture, serve God through their work and be Christian leaders.
Financial review
The net income for the year was £6,048, including net expenditure of £7,303 on unrestricted funds and net income of £13,351 from restricted funds.
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Transformations Leeds
Trustees' report (continued) for the year ended 31 December 2024
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £11,970.
There was an additional £24,121 in restricted funds.
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 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.
The year end free reserves were less than half of 3 months' running costs, but the trustees are aware of this and are comfortable with the financial state of the charity since: a) salary costs were reduced in October 2024; b) of the additional £24,121 in restricted funds, £15,782 will also contribute to the regular fixed costs of the charity during 2025.
Approved by the board of trustees on 5/9/25
Andrea Dickson (Trustee)
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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 2024, 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:
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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
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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 ACA
11/9/2025
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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Transformations Leeds
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 31 December 2024
| Notes 2024 Unrestricted funds £ Income from: Grants (2) 3,000 Regular giving 51,966 One-off giving 1,359 Sponsored and fundraising events 18,810 Training courses 260 Sundry income 312 Online ministry programme income 145 Total income 75,852 Expenditure on: Salaries, NIC and pensions (3) 71,944 Payroll charges 726 Visa sponsorship - Travel and subsistence 323 Staff training and conferences 123 Meeting costs 1,125 Rent and room hire 660 Equipment and IT 135 Website and media 735 Printing, postage and stationery 55 Telephones 167 Fundraising events and costs 2,411 Accountancy 1,390 Affiliate fees 275 Mentoring - Insurance 615 Independent examination 900 Bank charges 60 Online ministry programme 30 Events and meetings 237 Research project 403 The Living Room (international student café) 80 Explore International activities 1 Donation platform fees 760 Total expenditure 83,155 Net income / (expenditure) (7,303) Fund balances brought forward 19,273 Fund balances carried forward (4) 11,970 |
2024 Restricted funds £ 29,395 - - - - - - 29,395 8,299 - - 637 - - 1,980 - - - - - - - 1,800 - - - - - - 2,451 877 - 16,044 13,351 10,770 24,121 |
2024 Total funds £ 32,395 51,966 1,359 18,810 260 312 145 105,247 80,243 726 - 960 123 1,125 2,640 135 735 55 167 2,411 1,390 275 1,800 615 900 60 30 237 403 2,531 878 760 99,199 6,048 30,043 36,091 |
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 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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Transformations Leeds
Balance sheet
| as at 31 December 2024 2024 Unrestricted £ Current assets Debtors and prepayments (5) 2,568 Cash at bank and in hand (6) 10,753 Total current assets 13,321 Current liabilities: amounts falling due within one year Creditors and accruals (7) 1,351 Total current liabilities 1,351 Net current assets / (liabilities) 11,970 Net assets 11,970 Funds Unrestricted funds 11,970 Restricted funds - Total funds 11,970 |
2024 Restricted £ - 24,121 24,121 - - 24,121 24,121 - 24,121 24,121 |
2024 Total £ 2,568 34,874 37,442 1,351 1,351 36,091 36,091 11,970 24,121 36,091 |
2023 Total £ 2,029 30,018 32,047 2,004 2,004 30,043 30,043 19,273 10,770 30,043 |
|---|---|---|---|
The financial statements were approved by the board of trustees on 5/9/25
Andrea Dickson (Trustee)
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Transformations Leeds
Notes to the accounts
for the year ended 31 December 2024
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.
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Transformations Leeds
Notes to the accounts continued
for the year ended 31 December 2024
| 2 Grants and donations Anchor Tabeel Trust The National Lottery Community Fund (NCLF) The Souter Foundation The Toye Foundation Wade's Charity The Howard Foundation Other grant 3 Staff costs and numbers Gross salaries Social security costs Employment allowance Pensions |
2024 Unrestricted funds £ - 3,000 - - - - - - 3,000 |
2024 Restricted funds £ 4,000 - 16,675 2,820 2,400 1,500 - 2,000 29,395 |
2024 Total funds £ 4,000 3,000 16,675 2,820 2,400 1,500 - 2,000 32,395 2024 £ 72,571 5,444 (4,779) 7,007 80,243 |
2023 Total funds £ - 3,000 7,134 - - 2,000 11,000 - 23,134 2023 £ 72,518 5,475 (5,475) 7,031 79,549 |
|---|---|---|---|---|
The average number of employees during the year was 4, being an average of 2.5 full time equivalent (2023: 4, 2.7 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 1,989 Howard Foundation 23/24 5,754 NCLF - Awards for All 3,027 Explore International - NCLF Awards for All 24-26 - The Anchor Foundation - Souter Charitable Trust - The Toye Foundation - 10,770 |
Incoming £ 1,500 - - 2,000 16,675 4,000 2,820 2,400 29,395 |
Outgoing £ 2,420 5,754 3,027 1,877 986 - 1,980 - 16,044 |
2024 £ 7,007 Transfers £ - - - - - - - - - |
2023 £ 7,031 Balance c/f £ 1,069 - - 123 15,689 4,000 840 2,400 24,121 |
|---|---|---|---|---|
Fund name
Wade's Charity Howard Foundation 23/24 NCLF - Awards for All Explore International
NCLF Awards for All 24-26 The Anchor Foundation
Souter Charitable Trust The Toye Foundation
Purpose of restriction
To support The Living Room international student café. To cover staff costs and mentoring costs.
To cover staff costs related to The Living Room international student café. To cover staff costs for Explore International & Explore International activities.
To cover staff costs related to The Living Room international student café. To support future development of The Living Room international student café.
To cover costs of renting office space.
Towards staff costs related to the online training ministry.
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Transformations Leeds
Notes to the accounts continued
for the year ended 31 December 2024
| 5 Debtors and prepayments Debtors Prepayments 6 Cash at bank and in hand Cash at bank Cash in hand 7 Creditors and accruals Creditors Accruals |
2024 £ 1,913 655 2,568 2024 £ 34,856 18 34,874 2024 £ 401 950 1,351 |
2023 £ 2,029 - 2,029 2023 £ 29,893 125 30,018 2023 £ 973 1,031 2,004 |
|---|---|---|
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 total employee benefits received by key management personnel were £25,713 (previous year: £27,382).
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Transformations Leeds
Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 December 2024
| 2024 2023 Unrestricted Unrestricted funds funds £ £ Income Grants 3,000 3,000 Regular giving 51,966 51,790 One-off giving 1,359 7,236 Sponsored and fundraising events 18,810 14,247 Training courses 260 1,016 Sundry income 312 136 Online ministry programme income 145 481 Total income 75,852 77,906 Expenditure Salaries, NIC and pensions 71,944 74,959 Payroll charges 726 702 Visa sponsorship - 557 Travel and subsistence 323 4,237 Staff training and conferences 123 523 Meeting costs 1,125 719 Rent and room hire 660 1,539 Equipment and IT 135 314 Website and media 735 535 Printing, postage and stationery 55 89 Telephones 167 113 Fundraising events and costs 2,411 111 Accountancy 1,390 967 Affiliate fees 275 275 Mentoring - - Insurance 615 758 Independent examination 900 774 Bank charges 60 60 Online ministry programme 30 7 Events and meetings 237 1,012 Research project 403 182 The Living Room (int student café) 80 - Explore International activities 1 488 Donation platform fees 760 741 Total expenditure 83,155 89,662 Net income / (expenditure) (7,303) (11,756) Fund balances brought forward 19,273 31,029 Fund balances carried forward 11,970 19,273 |
2024 Restricted funds £ 29,395 - - - - - - 29,395 8,299 - - 637 - - 1,980 - - - - - - - 1,800 - - - - - - 2,451 877 - 16,044 13,351 10,770 24,121 |
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 |
2024 Total funds £ 32,395 51,966 1,359 18,810 260 312 145 105,247 80,243 726 - 960 123 1,125 2,640 135 735 55 167 2,411 1,390 275 1,800 615 900 60 30 237 403 2,531 878 760 99,199 6,048 30,043 36,091 |
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 |
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