The Charily Registration Number is 1169244 Transom Trust CIO Report and Accounts 30 September 2024
Transom Trust cio Report and accounts for the year ended 30 September 2024 Contents Pago Charlty Inforniatlon Tru8tees' Annual Report Statement of director8, responsibilities Accountants. report Funds Statements... Statement of Financial Activities Balance 8h88t Notss to the account8 10
Transom Trust CIO Trustees. Annual Report for the year ended 30 September 2024 The Trustees present their Report and Accounts for the year ended 30 September 2024. Reference and administrative details The charlty name. The legal name of the charity is'._ Transom Trust cio The charity is also known by its operating name, Transom Trust The charlty* arw oporntlon and UK charftable r8glstratlon. The charrty 18 registered in England & Wales Wlth the Charily Commi$$ion in England & W81es ICCEWI th charity number 1169244 Legal structure of the ¢harlty The charity is constituted as a Charitable Incorporated Organisation ICIOI in England & Wales The governing document of the charity is the con81ilutson of the CIO as approved by the Charity Commission in England & Wales ICCEWI . There are no restrictions In the governing documen18 on the operation of the Charity or on ils investment powers other than those imposed by Charity Law. The prlnclpal operatlng addres8, emall and web addres8 of tho charlty are:. The Hastings Centre The Ridge, Haslings East Su88ex. TN34 2SA Email address- Iransomtrust outlook.¢om Web address - Iransomtrus1.org.uk The followlng persons served a8 Tru8te&8 durlng the year ended 30 September 2024 :. Mrs S P Worthing Mr M Scarfett Mr S Young Mrs J M Acott Irelired September 20241 Iretired March 20251 The Trustees In offlcg on the date the report was approved were:. Mr S Young Mrs J M Acott MsVLBurt Mrs S A Jenner (appointed 191121241 lappointed 7171251 All the trustees are also members of the charity Operdtlons Manager Mr A Garlick
Transom Trust CIO Tru8tee8' Annual Report for the year ended 30 September 2024 Objects and actlvltl•8 of the charity The purposes of the charfty as set out in its govemlng document. The relief of adults who are in condlllons of need or hardship iricluding persons suffering from addictions, homelessness and menlal illness in the county of East Sussex. by such charitable means as the Trustees see )11 fr(Im 1Sme lo Ilme showlng Chrlsl's love Sn actlon. The main activities undertaken in relation to those purposes during the year. The year commenced with the four propertles operated by Transom Trust being fulty occupied and providing supported a¢commodalion for eleven prevtously horneless men. As the year progressed it became apparent that Ot of the properties was unsuitable for our purposes and 18 in the process of being handed back to Green Pa51ures. Al the end of Ihe ygar we were supportlng and houslng seven resldents In the propertles. Iwo In H8811ng8 anu one in Bexhill-on-sea. Tho maln activities undertaken during the year to further the charitys purpose for the publi¢ benefit. All propartles re Utlllsed In provldlng 5UPPOrted accommodallon for Pfevlously hom81g8$ men. Ongolng pastoral 8UPPOrt has been offererj th each resident havlng 8 (Jedlcale(J p88loral worker who alms to meet regularfy wth his allocaled"cllenl'. The trustee8 conflm that they have referred to the guidance contalnod In the Charlty Commlsslon's guldance on publ1¢ Lnefil when revlewlng th& charltys aims and obleellve$ and In ¢on8idering lulure actIvleS ol the ¢h8rlty. The maln achlovemgnts and perfomiancg of the charlty durlng the year. We provided a lolal of 3,140 nJhls of accomrnodallon for our Sidents. We provlded In excess 011,800 hours of pastoral Ca and support for our re$ldenl8 In the ye8r We IlalBed th our r88ldents on con81ructlng support plan8 for them and reflnlng these when opproprfale during the year. We continued lo rec¥ult and Iraln pgstoral workern to care for our re8l¢ents and have a qualffled Mental Health Flrsl Aj'der In plate lo support our pastoral 8UPPOrt learn with men181 health i88ue8. We offered practical support lo our residents In Ihelr translllon from homelessness. We had representallon 81 varlous local events lo raise awareness of Transom Trust. We continued lo send regular new81etter8 lo our supporters group. We conlribLrted lo key Network groups- East Sussex Homeless Forum and the Haslln9s Housing CommunKy Nets¥ork. The difference the charitys perfomiance during the year has made to the beneficiaries of the charlty. Eleven previously homeless men, have been housed during the year. Regular SLSPPOrt has been provided accordirKJ lo the needs identifled In the 8UPPOrt plans wilh a v6ew lo prowding them wth the n2ssary 8ki118 10 live irxlependently in the luture. The degree to which the achievements and perfomiance during the year have benefited %Yidersociety. Research undertaken by the Homeless Charity, CRISIS In 2012 shows that effective earfy inlervenlSons dc8 the perstsnal and financial cost of homelessness. Based on that research the Trustees estimate Ihal Transom TTUSI (xjrrently saves the Government at least £280,000 in homelessness-r81ated costs11.e. the costs of deallng wrth benefft. health, cnme and lemporary a(tommodalion issues etcl.
Transom Trust CIO Trustses. Annual Report for the year ended 30 September 2024 Structuroj governance and managom8nt of the charity The methods used to recruit and appoint new charity trustees. Th8 ffirsl trustees were appolnled from a supporters group cornprising individuals experIend in deallng with homeless Issues In the Hastings area. New Iru81ees have been appolnled from tt)e supporters group, through awaren&88 raising events and word of rnoulh. 11 would be necessary for future trustees to have awareness of homelessness i88ue8 or po88ess particular sk1118 that would benefrt the charity. How the charlty makes decislons and how decisions are delegated. Tl trustees meet regulady wlh the Operations Manager lo consider all maller8 lo do wlh the day lo day Tunning and development ol the chaty. Regular up d81es are recelved from the pastoral workers and Housing Manager and dec58ions are made accordlngly. The charlty as a part of a wlder network. Transom Tru611s a "partneff organisallon of Green Pasture$ Houslng Icharlty number 11314681. W6 enjoy good working relationships wllh Haslings Borough Counal, Rother Dislrlct Counol, the Probation serVi.EsTAR IEa$l Sussex Temporary Accommodation & Refuge), Warming up the Homeless,Se8view Project, Bexhill Homele88 Unlty Group and Brighton Houslng Trust. In addition a represenlallve ol Transom Trust has attended local houslng forums. 8poken al local Churches and met vth olher local referrlng agen¢les. The charltys relationships wilh relatedparties. The properties LKSed by Transorn Trust are pur¢hased by Green Pastures Houslng and leased lo us al a comrnerdal rent on seven year renewable leases. Represèn181ives of Green Paslures provlde ongolng Support when needed and access to 8 bank of draft documantallon deallng with all asp8et$ ol the work that we are engaged In. We are agaln grateful for their support In coping wth the ¢hallerrfJe8 that aro88 durlng the year. 8ank•r• Santonder, 8rN11e Road, Boolle, L30 4G8 Financlal revièw The charlty s financlal posltlon at the end of the year ended 30 Septsmber 2024 The flnanclal posillon of the charlty al 30 September 2024 as more fully detailed in the accounts, can be 8ummarls8d as follows:_ 2024 Net Incomè for the yoar 14,314 UnTe8tricted Revenue Funds 8vailable for the general purposes of the chafity Designated Revenue Funds Total Unreslrfcted Funds 28,692 11,631 40,323 Restficted Revenue FU1$ 20,024 Total Fund$ 60,347
Transom Trust cio Trustse8' Annual Report for the year ended 30 September 2024 Flnancial review of the position at the reporting date. 30 September 2024 . The Trustees are pleased to report an improvernent in the finanoal position of Transom Trust. We continued to recoup some of Ihe'set up. costs arfsing from the acquisition of new propertie8 in 2022. void5 were mu¢h reduced and there were no significant bad debts in Ihls year. We 8re most giateful for grfts and granls received ontt would particularty like lo thank the following for their support In the year.. Albert Hunt Charity, F & E F For¢Y Chaifty Trust Klngs Church, Hastlngs Sussex Community Foundallon. Clolhworkers Housir¥J the Homele Pollcles on reserves. The Charfty has a reseNes policy which aims for unreslrided reserves to be held lo cover the cost ol Ils daily operations for a minlmum perfod of three month5. Avallablllty and adequacy of assets of eh of the funds The board of Iruslees 18 $811sfied that the charllls 888e15 in each fund are avall8ble 8rKI adequate lo fulfil 115 obllg8tlon5 In respect of e8ch fund. Prlnclpal fundlng sources In the year and how those support the key objectlves of the charlty. Exempl accommodatlon 8tstu8' A8 our residents 8re provided with 8UPPOrted hou8lng, we recogn18ed by H8811ng8 8orough Councll ond Rother Dislrfct Council as what is known as a provider of 'exempl' aceommodallon. Thls means that houslng benefits are increased lo a hlgher level to cover some of the addllional costs of providlng accommodaOn lo reskdenls who need additional 8UPPOrt lo mabnlain Ihelr 8ccomm¢)d811on. Thi5 means the lolal Ineome received therefore covers not only the cost of our head-lease but also of many of our other property speclflc cosis such as rgpalrs and malnlenance and ullllty blll8, Th18 enable8 U8 lo use mo81 of the donations we recelve from individual8,local ¢hurches and other grant gin9 b1$ lo fvrKI our Operation8 Manager together wlh the cost of providing other 5UPPOrt lo our residents and lo also lund Ihe works needed lo gel addlllonal propertles ready for residents lo rnove in. Plans For th8 Futurn Summary of plan8 for th• futurn and tho tru¥tees' pgr8PgCtlve ol iho lutura dlroctlon of tho ¢horfty. 1118 lo be hoped that the d)arity wll grow when suitab properties become avai18bl&.
Transom Trust CIO Trustee8' Annual Report for the year ended 30 September 2024 Statement of Trustaes's Responsibilities The trustee8 present their report and accounts for the year ended 30 September 2023. The accounts ¢omply with the Charities Act 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191 Charity law requires the trusloes to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the Charity for that year. In preparing those accounts, the Injslees are required to-. prepare the accounts in accordanGe with United Kingdorn Generally Accepted Accounting Practice {United Kingdom Accounting Standards and applicable lawl. $818ct surtable accounting policies and apply them consistently., make judgements and estimates that are reasonable and prudent., prepare the financi81 statements on the going concem ba815 unl888 It 18 inappropriate to presume that the charity will continue in business., stale whether applicable accounting standards and slalements of recommended practice have been followed, subject lo any material departures dlsGlosed and explalned in th8 financial stalements., The law requires that the Iruslees musl not approve the 8¢counls unless they are satisfied that they give true and fair view of the Stale of affair8 of the Charity and of the surplus or deficit of the charity for the year. The Trustees are also r88ponsible for maintsining adequate sOuntIng records which disclose wilh reasonable accuracy at any time the financial position of the charity and which are sufficient lo show and explain the charity's transaction8 and enable them lo ensure that the financial slalements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable $16ps for the prevention and detection of fraud and other irregularities. Mr Stèvg Young Charr of Twstee5
Transom Trust cio Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 30 September 2024 I report to the Trustee$ on my examination of the financial statements of the charity on pages 8 to 16 for the year ended 30 September 2024 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effecb've 1st January 20161 as modified by FRS 102 SORP {Stalement of Recomm8nded Practice for Accounting and Reporting by Charities) 2015, las amended by the Bulletln 15sued in February 20161, (The SORPI. published by the Charity Commission in England & Wales ICCEWI , and under the historical cost convention and the accounting policies set out on page 10. Respectlve ro8ponslbllltle8 of tho Trust¢es and the Ind¢pendent Examlner and the basls of the report As described on page 5. you, the charity's Trustees, are responsible for the preparatson of the financial statements in accordance with th6 Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for b8ing satlsfsed that th8 finanaal statements give a true and fair view The Trustges consid8r that the audit requirément of Section 144111 of the Charits&s Act 2011 (the Act) dogs not apply. and that there is no requirement in the Governing Document for the conducting of an audit. As a consequenea, the Trusteès hav8 elected that th8 financial statements be subject to ind8pend8nt examination. Having satisfied myself that th8 financial Statements are not required to be 8udited under any leg81 provi8ion. or otheMise, and are eligible for ind8pandent examinalion, it is my responsibility to.'- 81 &xamin8 the finanaal statements of the charity und8r Section 145 of the Act., bl follow the applicable procèdures in the DirectSons given by the Charity Commisslon und&r section 14515llb) of the Act, 8a818 01 Indepgndont Examln•rf8 Statement and 8copo of work undgrtaken I report in respect of my examination of the charity's financial stalem8nls eArried oul under $145 of the Act. In carrylng out my gxaminatlon, I have followed all the applicable Directr'ons given by the Charity Commission under section 14515}Ib) of the Act setting out the dulles of an independent examiner in relakn'on to the conducting of an independent èxamination An independenl examination Includes a review of the aQuntsng records kept by the charity and of the accounting systems employed by the charity and a comparison of the finanaal ststements presented with those records. It also Includes consideration of any unusual items or di8closure$ in the financial $tatement9, and seeking explanations from you. as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on test basis of evidence relevant to the amounts and disdosures made, the financial statements comply with the SORP. Th& procedures undertaken do not provide 811 the evidence that would be required in an audiL and information sUppld by the Trustees in the course of the examinab'on is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion The planning and conduct of an audit goes beyond the limited assurance that an indepèndent examination can provide Consequenly. I do not express an audit opinion on the view given by Ihe financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matt8rs set out in the stal6ment below.
Transom Trust CIO I planned and perfomied my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report l obtained written assurances from the Trustees of all material matters. Indopgndent Examlnovs Statsment, Report and Opinion Subject to the limitations upon the scope of my work as detailed above, I have completed my examinats"on'. and can confim that'.- This is a report in respect of an examinatron carned out under 145 of the Act and in accordance with Dir&cts'ons given by the Charity Commission under section 14515}Ib) of the Act which may be applicabl8,' and that no material matters have come to my attents'on in connection with the examination giving me cause to believe th81 in any material respect- accounting records w6re not kept in respect of the charity as qUired by with Section 130 of The Charrties Act 2011., th& financial ststements do not accord with thos8 records,. or the finanual statements do not comply with the applicable requirements ¢on¢eming Ihe form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that th8 accounts give a 'truè and fair view, which is not a matter considered as part of an independent examination., have not been Prèpared in accordancé with the methods and principlès set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities} 2015,1as amended by th8 Bulletin Issued in February 20161. (The SORP). I hav8 no concems and have Come across no other matters in conn8Ctlon wlth th8 8xaminalion lo which attentlon should be drawn in this report in order to enable a proper understsnding of the financial statements to be reach8d. 81gngd:. homson F.C.A- Independent Examiner Chartered Accountant 7 Wellington Squa HastiTrgs East Sussex TN34 1PD This reportwasslgned on.............................................
Transom Trust cio - statement of Financial Activiti8s for thè year ended 30 September 2024 SORP Current yeor R•f Unr88trlcted Funds Current yeor R8strlcted Fund5 urrent ytar Total Fund• Prloryear Total Fund# 2024 2024 2024 2023 Income & Endowrnonts from: Donaltons & Legacie$ Charflable advilies InsIMOnts A1 A2 28,601 100,323 385 12,820 41,421 100,323 385 24.934 110,445 70 Totsl Income 129,309 12,820 142,129 135,449 Expendltur• on.. Raising funds Charilablo activi1188 B1 B2 1,000 109,015 1,000 126,815 2,61 114,757 17,800 Total 8xpondlture 110.015 17,800 127,81 S 117,357 Nèt Income for the p8rlod 19.294 14,9801 14,314 18.092 Transferd between funds 119,0001 19,000 N•t Incom• after tran818r8 A-B-C 294 14,020 14.314 18,092 Ngt movem•nt In funds 294 14,020 14.314 18,092 Reconclllatlon of fund•:. Totsl funds brought forward 38,841 7,194 46.035 27,943 Total fund8 carrléd forward 39.135 21,214 60.349 46,035 Th8'SORP Ref indicated above is tho classrficallon of income Set out in Ihe formal SORP documents. As required by paragraph 4.60 ofthe SORP, th& brought forward and carrled forward funds above have been agreed lo the Balance Sheel. A 8epar81e SLitemenl of Total Recognl8ed Gains and Losses Is not requlred as thls ststerngnl indudes all recognised galn$ and 1088e8. All activilios derive from ntinuIng opor8lions The notes attached on pages 10 to 16 fomi an Integral part of these accounts.
Transom Trust CIO - Balance Sheet as at 30 September 2024 SORP Note Ref 2024 2023 Current assets Debtors Cash at bank and in hand B2 3,640 81.108 5,706 50,255 Total current assets 64.748 55,961 Credltors: amounts falllng due withln one year 7 C1 14,4011 9,926 Net curront assets 60,347 46,035 Totsl not a88ets 60,347 46,035 Totsl not a8sets are fund•d by the funds of tha charlty. a5 follows:. Rogtrlctsd funds Reslrid8d Revenu8 Funds D2 20,024 7,194 Unr08tr1ctsd Fund8 Unreslncted Revenue Fund8 D3 28,692 29,210 De8lgnat9d Funds Designated Revenue Funds D3 11,831 9,e31 Total charlty fund8 60,347 46,035 Thè'SORP Ref indicatsd above Is the ¢18881flcalion of Balance Sheet ttem$ 8$ set out In the fomal SORP documènts. As required by paragraph 4.60 of the SORP. tho brouaht fomard and carried fomard funds abovè have begn agrged lo the SOFA.. The Trustees acknO%edge Ihelr responslbllrtigs for ccmplylng wllh the requirem8nl8 of charty leglslatlon wtth respect to accounting record8 and the preparation of occounl8. The charity is subjèct lo Independent Examination under charity gislation, and the report of the Independent Examiner is on page 7. The Trustees are sa115fied that, akhough thè ¢harfly is not registered under the Companies Acts, rf it were so registered, it would be eligible lo prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable lo companies subject to the small companies regime. Mr Stsve Young Chair of Trustees AppVed by Ihe board of trustees on ................. ......... The notss attached on pages 10 to 16 form an Intsgral part of these accounts.
Transom Trust CIO Notes to the Accounts for the year ended 30 September 2024 1 Accounting policies Pollclos relatlng to the productson of the accounts. Bas1$ of preparatlon and accountlng conventlon The accounts have been prepared under the historical cost nventIOn, in ac¢ord8nc£ wth the Statement of R8comm8nd8d Practice ISORPI, Accounting and Reporting by Charities preparing their accounts in accordance with FRS 102 i58ued in October 2019 and In accordance wth all applicable law in the charitys iurisdiction of regislrat'on. Rlsks and future assumptions The charity is 8 publ1¢ benefit entsty. Pollcles relating to Categorles of income and income recognition. Nature of In¢om& Gro88 inwrng represents the value of donations and gifts from individuals, revenue grants from public and non-public bods and Housing Benefft receivable, Income recognltlon Income Is recognised in the statement of financlal 8clivllies ISOFAI on a TeGoivable ba8is, when a transaction or other fjvenl results in an increase in the Gharity's assets or a reduction In118 Ilabllilles and only when the charity has legal entitlement. the income is probable and c4n be measured reliably. RèGognltlon of Ilabllltles and expondlture A Ilablllty. and the related expenditure, Is rcognlsed whèn a legal or conslrucllve obllgatlon exlsts 88 a rasull of a pa81 event, and when il 13 more likely than not th81 a transfer of e¢onomiG benefits wll be required in settlement, and when thè amount of the obligation can be measured or rgliably eslimaled. Voluntsern In accordance wllh the SORP, and In r•cogniUon of the difficullles in pla¢lng a mon8lary valu6 on thé ¢ontribulion from voluntsers, the ¢ontribulion of volunteers Is not Included within the income of the charity. However, the tru8lee8 Value the 859nl¢an1 eonlribuli¢n made to the aclivilie8 of the charity by Unpa volunteer8 and thi8 is described more fully in Nots 5. Dobtorn Debtors are measured at their recoverabl8 amounts 81 the balance sheet dale. Fund Accounting Unrestricted funds a available for use al the discretion of the trustees in futherance of the general objectives of the charity. Designatgd funds comprise a sinking fund set aside for possib major expenditure on the three properties leased by Transom Tmst. Restricted funds afe subjected to restrictions on Ihelr expenditure Imposed by the donor. 2 Liability to taxatlon The Trustees consider that the charity satssfies the tests set out In Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation lax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital g8ins received within calegorfes covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such Income or gains are appliod gxclusively on the specific charitable objects of the charlty and for no other purpose. Value Added Tax Is not reeoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities. 10
Transom Trust CIO Notes to the Accounts for the year ended 30 September 2024 3 Winding up or dissolution of the charity If upon winding up or dissolution of tha charity there MaIn any assets, after the sa115faction of all debts and liabilities, the assets represented by the accumulated fund Shall be transferred to some other charitab18 body or bodies having similar objects lo the charity. 4 Signiflcance of flnanclal In8truments to the charity's position There are no financial instruments of significance to the charity's financial perfomiance. 5 The contribution of volunteers The charity depends on the support of its volunteers, which is much appreciated. The arrangements wf(h volunteers are drfficult lo value precisely in monetary lernis and have not been recognised in the Ststement of Financial Aclivilies. The volunteers and the charlty accept and agree Ih8t no contract of employment Is created by these arrangements. 6 Stsff c08ts and emoluments Salary costs 2024 2023 Gross Salaries excluding Iruslees and key management personnel Employer's operating costs of defi'ned contribution pension schemes 27,940 600 21,843 600 Total salarl85, wagès and relatsd costs 28.$40 22,443 The charity employs an Operatlons Manager and a Hou51n9 Manager who work 22.5 hours and 9 hour3 p8rwe8k rgspeclively, together with a Fin8nce A8818lant. No employees received emoluments lex¢luding pen¥ion costs) In exce88 of £60.000 per annum. Defined contrlbutlon penslon schemes The Charity operates a Defined Contribution pension scheme for the benefll of the Operallons Manager. 8nd makes monthly contribution5 of £50 into an Aviva personal pension schom8. 7 Remuneratlon and payménts to Tru8t088 and pér8ons connected wlth them No trustees or per8on8 conne¢t¢d with them recelved any remunerallon from the charlty, or any relaled entity other than as di8closed in note 13. Nellher the tru$l••s nor any persons connected wth them have r8ceived any remuneratlon from the charlty or any related entity. either in the current or prior year. 8 Trustees. expen808 Travel expenses 9 Loans to trustees included in debtors No loans were m8d8 to Trustees in the period. 10 Guarantses made by the charlty on behalf of trustees No guarantees were made by the charity on behalf of Trustees 11 Charltable commltments not re¢ognlsed as provisions or commitments In the accounts. There w8fft no charitable commltm8nts entered into other than those fully di$¢lo$ed In th• attached accounts.
Transom Trust CIO Notes to the Accounts for the year ended 30 September 2024 12 Flnancial commltments under operatlng leases 2024 2023 At the year end the charity had annual commilrnents under non-cance118ble operating leases as sel out below.. Operating Jeases which expire.. In over five years.. 47,402 51,974 13 The purposes forwhich funds are held are a8 follows: The unreslriclèd funds are held for meeting the objoth'ves of the ch8rty, and lo provKle r8serv8s ft)r future activitles, and subj8cI lo charity legis18tion, are free from all reslriclions on their use. Tha designated funds consist of a slnklng fund sel up to provSd8 for major building paIrS al the propert*$ used by the charity. Thé reslriclgd revenué funds ¢on$1610f'. Al The un8penl bal8nce of a donation given to the charity for the benefit of named individual. Bl The balance of monies given lo the Salari8$ Fund held al the year end. 14 Ultimats controlling paty The charlty18 under tha control of118 legal members. 12
Transom Trust CIO Detslled analysls of Income and expenditure 23 Donatlons and Legacies urr•nt y•ar Unrestrlcted Fund$ 2024 Current year R8Stricted Funds Current year Totsl Fund$ Prfor Yèar Totsl Fund¥ 2024 2024 2023 Donatlons and glfts from Indivlduals Small donations individually less than £10 Gift ald donation from sub81diiary undertaking P TOlrton P Acott 2,984 2,984 2,136 3,000 3,000 5,000 Total donatlons and gifts from IndEvlduals 5.984 5,984 7,136 Revenu• grants and donatlons from non publlc bodi&s Small gran15 individually less than £1000 F & E F Ford Charlty Trust Klngs Church Haslings Sussex Community Foundallon Albèrt Hunt Charity Archar Trust Housing thé Homeless Clothworkers Foundats'on 1,559 1,000 2,3e7 1,659 1,000 2,367 1.513 1,000 2.000 7,691 10,000 7,891 10,000 4,285 7.000 2,000 4,920 7,900 4,920 7,900 Total prlvate sector rev8nuo grnnts 22,617 12.820 3S,437 17,798 Total Donatlon8 and Legacl A1 28,601 12.820 41.421 24,934 24 Income from charitable actlvlties - Tradlng A¢tlv1ti88 Curr?nt ywr Unmirfctèd Funds Current year Restrl¢¢gd Funtl8 Current year Total Fundj Prlor Year Totsl Funds 2024 2024 2024 2023 Prlmary purpose and an¢lllary tradlng Contributions from Sidents Housing benefit lenhancedl 7,189 93,134 7,189 93.124 7,359 103.086 Total Primary purpose and anclllary trading 100,323 100.323 110.445 13
Transom Trust CIO Detailed analy8is of Income and oxpendlture 25 Total Income from charltable actlvltl8S Currgnt yoar Unrestricted Fund• 2024 Currènt year Restricted Funds 2024 Currnnt year Totsl Funds Prlor Year Total Funds 2024 2023 Totsl income from ch8ntsble trading 100,323 100,323 110,445 Total from charltablo actlvltlgs A2 100,323 100.323 110.445 26 Investment income urr•nt ytar Unrestricted Fund$ 2024 Currènt y•8r Restricted Funds Current year Totsl FundB Prior Ygar Tot81 Fund8 2024 2024 2023 Bank Inter881 Receivabl& 385 385 70 Total Investmant InG¢Jme A4 385 385 70 28 Expendituro on ¢haritsble activities . Direct $p?nding Current y•8r Unre•trlctsd Fund8 Curront y•ar Restrl¢ted Fund• Curront y•ar Totsl Fund8 Prlor Y•ar Totsl Fund• 2024 2024 2024 2023 GrosB salary- Project Lead8r Defined contribution pension costs charitable activities 17,800 17,800 16,860 600 600 600 Travel and Subsistence - Charitable Activities 747 Total direct 8pend4ng B2a 600 17.800 18.400 18,207 14
Transom Trust cio Detslled analysls of Income and expenditure 29 Expenditure on charitable activities - Charitable trading Current year Unr8Strlctod Funds CuNent year R¢¥trlcted Funds Current year Totsl FundB Prioryear Total Fund• 2024 2024 2024 2023 Housing Manager salary 5,070 5,070 4,983 Totsl Ghorltsble tradlng costs 82b 5,070 5.070 4,9B3 30 Support Costs for charltable actlvltles Current y88r Unre8lricted Fund? 2024 Curront ygar R•stri¢tod Fund8 Currgnt ywr Total Fund8 Prlor Yoar Total Fund• 2024 2024 2023 Salan6s- Administrative staff 5,070 5,070 Voluntear ¢o$ts Volunteers, expenses Travel and subsistence- volunteers 971 1,010 971 1.010 1,441 Prnmlsès Expanses Rent payable under operating le8888 Rental income voids Service charges payable Rates and water charges Light heat and power Premises repalrs, ren81S 8nd m8inten8nce Propety insurance Emergency accommodation 47,402 2,876 5,191 8,435 5,974 16,944 745 1,719 47,402 2,876 5,191 8,435 5,974 18.944 745 1.719 51,974 8,56S 5,313 8,719 8,373 1,782 716 Adminlstrative overheads Stationery and printing Sofvare licences and expenses Liability and contents insurance Sundry expenses Equipmenl.repairs.expenses and maintenance DBS checks LInceS & Pem)its 837 Bad debts 415 Professlonal fees pald to advlsorn other than the audltor or examiner Legal fees 1.294 144 913 896 802 972 144 913 896 802 972 84 837 415 149 761 802 225 453 38 795 778 1,294 Support costs before reallocatlon 102.817 102,817 91,171 Total 8UPPOrt costs 102,817 102,817 91,171 15