Charity Règistration No. 1158447 TRANSFORMING LIVES REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MAY 2023
TRANSFORMING LIVES LEGAL AND ADMINISTRATIVE INFORMATION Charity number 1158447 Trustees Mrs C Marshall Mr M Marshall Mr P Marshall Dr K Sutton Registered office Brick Bank Brick Bank Lane Allostock Cheshire WA16 9LY A¢¢ountants RSM UK Tax and A¢¢ounling Limited Chartered Accountants The Pinnacle 170 Midsummer Boulevard Milton Keynes MK9 1BP Bankers Santander Bridle Road Bootle Liverpool L30 4GB Independent ex8miner Kerry G8llagher RSM UK Tax and Accounting Limited Chartered Accounlanls Davidson House Forbury Square Reading Berkshire RG1 3EU
TRANSFORMING LIVES TRUSTEES, REPORT FOR THE YEAR ENDED 30 MAY 2023 The trustees present their report and financial statements for the year ended 30 May 2023. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's trust deed, the Charities Act 2011 and 'Accountiro and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" published on 16 July 2014 and as amended from 1 January 2019. Objectives and activities The charity's objects are to support the lives of those less fortunate. The trustees confirm that they have considered the guidance provided by the Charity Commission on public benefit when reviewing the charity's objectives and activities. The trustees will make donations to the charity at such times as they encounter people whom they feel obliged to help. As such, it is not foreseen that the charity will have cash reserves sufficient enough to generate a significant retum. The charity also helps fund an annual cycling event called the Duchenne Dash through making donations to the charity that organises this, Duchenne UK (charity no. 11470941. The charity receives donations from the public which is subsequently passed on lo Duchenne UK through Transforming Lives, donations. The Iruslees meet annually and al other limes as may be necessary lo consider the finances of the Charity and lo discLJSS donations. Publlc benaflt The Trustees have complied with their duty lo have due regard lo the guidance on public benefit published by the Charity Commission. Grant making policy The charity has estsblished ils grant making policy lo benefit charitable objects and individuals in the United Kingdom as the Iruslees see fil. Financial review The ¢harity in¢urred net expenditure for the year of £20,296 12022 £26,7361- The charity has net funds of £10,05412022- £30,350) and is reliant on the ongoing support of its trustees. Performance & a¢hievements The charity has continued to have regard lo its primary purpose. Apart from charrf(able donations the charity has not raised additional funds during the period. During the year, the charity has supported the work done by other specific charities, namely The Onside Foundation will likely continue to make donations in the future. Risk management The Iruslees do not ¢onsider the ¢h8rily is subject to any substsntl81 risks beyond the liabilities disclosed in the financial statements. Reserves policy The trustees consider the reserves policy to be satisfactory. When additional funds are raised th&e are likely to be used soon after receipt to further support the individuals and institutions benefitting from the charity. At the yearend, the charity had unrestricted reserves totalling £10,05412022- £30,350).
TRANSFORMING LIVES TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 MAY 2023 Plans for the future It is the charity's intention to continue working with families identified as requiring specific financial and physical help, along with supporting the work of specific charities such as The Onside Foundation and Duchenne UK. The Iruslees have reviewed the CLJrrent economic environment and the impact of the Cost of living and their effect on the ability of the trust to continue. Taking account of the availability of working capital, the trustees have concluded that the trust will be able to continue to meel its financial obligations as they fall due for at least tre1ve months from the date of approval of these financial statements. Consequently, these financial statements have been prepared on the basis that the trust is a going concem. StnJ¢ture, goveman¢e and management The charily is CDnstituted as a Charitable Incorporated Organisation I'CIO'I under its Conslitution dated 4 September 2014. The charity is a registered charity Iregislralion number 11584471. Apart from the first charity trustees, every appointed trustee must be appointed for a temi of 5 years by a resolution passed by a properly convened meeting of the charity trustees. In selecting individuals for appointment as a charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effeclive administralion of the CIO. Kèy managèmènt pèrsonnèl r8muneration The trustees consider the board of Iruslees as comprising the key management personnel of the charty in charge of directing and controlling the charity and running and operating the charity on a day lo day basis. All Iruslees give of their time freely and no Iruslee remuneration was paid during the year. Details of related paty Ir8nsa¢lion$ S disclosed in note 9 to the financial slalemenls. Statement of trustees. responsibilities The trustees are responsible for preparing the Trustees, Report and the financial statements in accordan¢e with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic ol Ireland (United Kingdom Generally ACpted Accounting Practice). The law applicable to charities in England and Wales requires the trustees lo prepare financial st91ements for each financial year which give a true and fair view of the stale of affairs of the charity and of the income and expenditure of the charity for that year. In preparing Ihgse finanryal statements, the trustees are required lo.. select suitable accounting policies and then apply Ihem consistently., observe the methods and principles in the Charities SORP., make judgements and accounting eslirnales that are reasonable and prudent., stste whether applicable accounting stsnd8rds have been followed, subjed to any m8leri81 departures disclosed and explained in the financi81 statements., 8nd prepare the financial statements on the going concem basis unless it is inappropriate to presunE that the charily will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable therll lo ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
TRANSFORMING LIVES TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 MAY 2023 The trustees who served during the year were.. C Marshall M Marshall P Marshall K Sutton Approved by the trustees and signed on their behalf by.. M Marshall Trustee Datèd.. 16110124
TRANSFORMING LIVES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TRANSFORMING LIVES I report to the trustees on my examination of the accounts of Transforming Lives Ilhe charitll for the year ended 30 May 2023, which are set out on pages S to 10. Rasponslbllltles and basls of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'lhe 2011 Act'l. I report in respect of my examination of the charity's accounts Carried out under section 145 of the 2011 Act and in carrying out my èxamination I havé followéd all thè applicable Dirèctions givèn by the Charity Commission under section 14515llbl of the 2011 Act. An independent examination does not involve gathering all the eviden that would be required in an audit and consequenuy does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination provide. Consequently, l express no opinion as lo whether the accounts present a 'lrue and fair view. and my report is limited lo those specific matters sel out in the independent examiner's slalement. Independent examiner's statement I have complèttrd my trxamination. l ¢onfirm that no matèrial matters have ¢ome lo my attention in conn&¢tion with the examination giving me reasonable cause to believe that in any material respect". 1. accountin9 records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or 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 sel out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view. which is not a matter considered as part of an indepeent examination. I have no con¢èrns and have coma across no othar matters in connection with the examination to whh attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Kerry Gallagher The Institute of Chartered Accountants in England and Wales On behalf of RSM UK Tax and Accounting Limited Chartered Accountsnts Davidson House Forbury Square Reading Berkshire RG1 3EU .21110124
TRANSFORMING LIVES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 MAY 2023 Unrestricted 2023 2022 Notes In¢ome from: Donations and legacies 68,459 56,813 Expendlture on.. Charitable activities 88,755 83,549 Not movement In funds 120,2961 126,7361 Total funds brought forward 30,350 57,086 Total fund5 carried forward 10,054 30,350
Charity number 1158447 TRANSFORMING LIVES BALANCE SHEET AS AT 30 MAY 2023 2023 2022 Notes Current assets Debtors Cash at bank and in hand 2,650 15,484 2,650 33,880 18,134 36,530 Creditors: amounts falling due within one year 18,0801 16,1801 Net current assets 10,054 30,350 Income funds Unrtsstricled funds 10,054 30,350 10,054 30,350 The financial stslemenls on pages 5 to 10 were approved by the board of Trustees and 8ulhorised for issue on and are signed on its behalf by.. M Marshall Tru$
TRANSFORMING LIVES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MAY 2023 Accounting policies Charity infomiation Transforming Lives is a Charitable Incorporated Organisation, constrf(uted under a constitution dated 4 September 2014 and is a registered charity in England and Wales, number 1158447. The principal Offi of the charity is Brick B8nk, Brick Bank Lane, Allostock, Cheshire, WA16 9LY. The principal activity of the charty is included in the Trustees, Report on page 1. Basis of preparation The financial statements have been prepared in accordance with the charitls trust deed, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance wilh Ihe Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in Sterling, which is the functional currency of the charity. Monetary amounts in these financial slalements are rounded lo the nearest £. Th& financial slalèments have been prepared under the historical ¢osl Convention with items recognisgd al ¢ost or transaction valLJe. Going concern Having carried out a detailed review of the charily's financial performance and position in light of current economic conditions, the Iruslees are confident that the net asset and unreslricled fund position of £10,054 12022 £30,350) of the charity will enable il to continue in operational existence for al least 12 months beyond the dale of approving the financial slalemenls. Thus the trustees continue lo adopt the going concern basis of accounting in preparing the financial slalements. Incomè All income is recognised once the charity has entillemenl lo the income, it is probable that the income will be received and the amount of income receivable can be Measured reliably. Donations are recognised when the trust has been notified in writing of both the amount and settlement date. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo that expenditure, il is probable that settlernent will be required and the amount of the obligation can be measured reliably. All expenditure is recognised on an a¢cru81s basis. Governance costs include those incurd in the govern8nce of the chaiily and ils asstrts and primarily associated with Constitutional and stalulory rèquirements. Grants payable are payments made to third parties in the furtherance of the charitable objects of Ihe trust. In the case of an unconditional grant offer, this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the grant. Grant awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining Unfu111ed condition attaching lo the grant is outside of the control of the Irusl. Charltablè actlvltles The Costs of charitable activities include grants made and governan costs.
TRANSFORMING LIVES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 MAY 2023 Accounting policies {Continuedl Financial instruments The Charity has elected to apply the provisions of Section 11 'Basi¢ Financial Instruments, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the nel amounts presented in the financial slatemenls, when there is a legally enforceable right to sel off the recognised amounts and there is an intention lo settle on a net basis or to realise the asset and sellle the liability simultansously. Basic financial assets Basic financial assets, which includè dabtors and cash and bank balan¢8s, ara initially m8asur8d at transaction price including transaclion cosis and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are nol amortised. Basic financial liabiTlities Basic financial liabilities, including creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised. Taxation As a registered ch8ri1y, Transforming Lives is exempt from the payment of income and capital gains lax in spect ol its ch8ritsble activities. Donations and legacies 2023 2022 Donations and gifts 68,459 56,813 Charltsble actlvltl¢$ 2023 2022 Charitable expenditure Grants and other donations paid lo institutions Inote 41 Grants and other donations paid lo individuals Governance costs 7,035 70,209 5,441 6,070 1,194 70,030 5,945 6,380 88,755 83,549
TRANSFORMING LIVES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 MAY 2023 Analysis of grants paid to institutions 2023 2022 Goostrey Community Primary School The Onside Foundation Duchenne UK Dogs For Good E8s1 Cheshire Hospice Marie Curie Manchester City Legends Boxer Dog Rescue Together for Short Lives Cancer Research Kenyan Runners Autism Dogs Manchester City Community Other 7,648 50,000 11,218 214 350 600 8,000 114 550 1,000 18,460 250 2,000 17,995 21,700 140 70,209 70,030 Govarnanco costs 2023 2022 Accountancy fees Independent examination fee Bank charges Insurance costs 4,180 1,800 90 4,380 1,800 115 85 6,070 6,380 Debtors 2023 2022 Amounts falllng du8 wlthln one year: Other debtors 2,650 2,650 Creditors: amounts falling due within one year 2023 2022 Accruals 8,080 6,180
TRANSFORMING LIVES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 MAY 2023 Movement in funds Movement in funds In¢ome Exp&ndlture Balance at 30 May 2023 Balancè at 31 May 2022 Unrestricted funds 30,350 68,459 188,7551 10,054 30,350 68,459 188,7551 10,054 Movement in funds Income Expèndlturè Balance at 30 May 2022 Balancè at 31 May 2021 Unrestricted funds 57,086 56,813 183,5491 30,350 57,086 56,813 183,5491 30,350 Related paty tran$a¢tlons The trustees 811 give freely their lime and expertise wilhoul any form of remuner81ion or other bwefit in cash or kind. During the ytrar, trustee expenses of £nil12022 £nill have been incurred. DLJring the year, the charity received donations totalling £50,00012022- £50,000) from Mr M Marshall, who is a trustee of the charity. As at the rew)rting date, £2,650 12022 £2,650) was owed to the charity by a connected company. The company is connected by virtue of common directors. The Trustees, who are wnsidered to be the key management personnel, received no remuneration or expenses for their services12022 - £nill. There were no employees during the year or the prior year. 10