## 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**
1
## 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.
2
## 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**
- 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.
- 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+.
- 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.
- 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.
- 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.
3
## 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)
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 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:
- 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 ACA
11/9/2025
## **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 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.
6
## 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)
7
## 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.
8
## 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.
9
## 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).
10
## 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|
|---|---|---|---|---|
11