2024-12-31-accounts - Transform Schools UK

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REGISTERED CHARITY NUMBER: CIO 1191583

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD FROM 1 JANUARY 2024 TO 31 DECEMBER 2024

FOR

TRANSFORM SCHOOLS UK

TRANSFORM SCHOOLS UK

TRUSTEES’ REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024

CONTENTS
	Page
Trustees' Report	2-5
Independent Examiner's Report	6
Statement of Receipts and Payments	7
Statement of Assets and Liabilities	8

Page 1

TRANSFORM SCHOOLS UK

TRUSTEES’ REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024

The trustees present their report with the financial statements of Transform Schools UK for the period from 1 January 2024 to 31 December 2024.

OBJECTIVES AND ACTIVITIES

Objectives and Aims

The purpose of the charity is for the public benefit to promote education in secondary and higher schools in particular, but without limitation, in India in such ways as the charity trustees think fit.

Transform Schools UK works to improve access to better quality and equitable secondary education for students with a special focus on those who come from poor, underserved and vulnerable backgrounds. It will primarily support organisations working to promote this aim in India.

Significant Activities

Key activities include:

Raising funds to support organisations which provide or promote the provision of quality secondary and higher education;
Raising awareness of the importance of secondary and higher education generally

Public Benefit

The trustees confirm they have had due regard to the guidance issued by the Charities Commission on public benefit.

According to Transform Schools UK's CIO Constitution document - The CIO has power to do anything which is calculated to further its objects or is conducive or incidental to doing so. In particular, the CIO has power to deposit or invest funds, employ a professional fund-manager, and arrange for the investments or other property of the ClO to be held In the name of a nominee, in the same manner and subject to the same conditions as the trustees of a trust are permitted to do by the Trustee Act 2000.

ACHIEVEMENTS AND PERFORMANCE

Summary of main achievements

Below are the major achievements of Transform Schools UK in 202 4 :

TSUK raised GBP 128,195 in unrestricted funding.
Co-Hosted the State of Secondary Education Convening with the Global Schools Forum at the London School of Economics. The convening brought together global leaders, educators, funders, and innovators to spotlight the urgency of investing in secondary education and build a cohesive global narrative
Continued to build on our work to engage with grant makers and implementing partners to expand on the work in 2024.

Achievements against objectives set

We focused on expanding our Board and Advisors, with targeted roles aimed at enhancing profile building, fundraising, and providing strategic guidance. This expansion will play a critical role in strengthening our leadership and governance, allowing us to access new networks and resources.

Page 2

TRANSFORM SCHOOLS UK

TRUSTEES’ REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024

Addition of Dr. Deepta Chopra as a Trustee: Dr. Deepta Chopra is a Professorial Research Fellow, at the Institute of Development Studies, Brighton. She has had a high impact on the policy and practice of international development, especially in relation to her work on the care economy, women-led movements, and MGNREGA. She focuses on Gender relations; Unpaid Care Work; Women’s struggles; Policy Processes; State -Society relations; Politics and Power; Social Protection; Women’s Economic Empowerment; Citizensh ip. She is an expert on mixed methods research design and qualitative methodologies.

2. Addition of Amit Sharma as a Trustee: Amit Sharma is a former finance professional with over 20 years of experience across banking, capital markets, and private equity. He now focuses on initiatives in India that address real-world challenges. His deep expertise in financial markets and strate gic investments enhances the Board’s capacity to guide fundraising strategy, resource mobilisation, and long-term sustainability.

Performance of fundraising activities against objectives set

As at the end of FY 2024, the charity had raised a total of GBP 128,195. Both these gifts were received from the donor-advised fund provider, National Philanthropic Trust. We have received approval for a renewal of one of the grants totalling GBP 50,000 which will be received in AY 2025 through the National Philanthropic Trust.

FINANCIAL REVIEW

Review of the charity's financial position at the end of the period

We had raised a total of GBP 128,195 and through grants and administration expended GBP 142,630 and have committed funding of GBP 50,000 for 2025.

Reserves policy

According to our reserves policy:

Transform Schools UK will hold unrestricted funds, which have not been designated for a specific use, at a level to pay salaries of any staff employed by Transform Schools UK and other recurrent costs for a mandatory minimum of three months (“Reserve Fund”) - With the express intention of increasing this overtime to six months.

The Trustees should consider on an annual basis, when the budget is approved, the risks in respect of expenditure, unrestricted income and, where appropriate, restricted income. The Trustees will also take into consideration any external identified potential major risks to income and expenditure during the year under consideration.

The Trustees should identify the appropriate level of Reserve Fund for Transform Schools UK for the year at a level that will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. The aim should be to maintain the level of the Reserve Fund throughout the entire financial year. In addition to calculating the actual operating reserve at the fiscal year-end, the Reserve Fund target minimum will be calculated each year after approval of the annual budget. This Reserve Fund will be reported to the Trustees and be included in the regular financial reports.

Page 3

TRANSFORM SCHOOLS UK

TRUSTEES’ REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024

Reserves held

A GBP 4,000 is being held in reserve to be able to continue Charity’s current activities such as Audit, some admin tasks and incur bank expenses for the FYE.

Going concern

The trustees are satisfied that there are no uncertainties about the charity continuing as a going concern

Principal funding sources

TSUK accepts funding and partnerships with corporate companies, international and UK- based grant making foundations and high-net worth individuals.

Principal risks

A key risk TSUK faces is maintaining business continuity in securing grant funding.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Description of charity's trusts

The objects of the charity are for the public benefit to promote education in secondary and higher schools in particular, but without limitation, in India in such ways as the charity trustees think fit, including by:

(1) raising funds to support organisations which provide or promote the provision of quality secondary and higher education;
(2) raising awareness of the importance of secondary and higher education generally.

Governing document and structure

The charity was registered as a Charitable Incorporated Organisation (CIO) with The Charity Commission of England & Wales on 1st October 2020. The organisation is governed by its constitution and rules.

Trustee selection methods

Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees.
In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Trustees

On 7 October 2024, the founding trustees of Transform Schools UK, Ms. Soma Pujari and Ms. Rebecca Eastmond stepped down from their role, transitioning to the role of Advisors. Ms. Soma Pujari was also appointed as Chair Emeritus. While stepping down, she appointed Ms. Abha Thorat-Shah as the interim Chair for a period of six months. Other Trustees include Dr. Sandra Sequeira, Dr. Deepta Chopra and Amit Sharma. The trustees are required to disclose all relevant interests and withdraw from decisions where a conflict of interest arises. The power of appointing new trustees is vested in the trustees.

Page 4

TRANSFORM SCHOOLS UK

TRUSTEES’ REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Charity name: Transform Schools UK

Other name the charity uses: Transform Schools Registered Charity number: 1191583

Principal address : 24 Hollingbury Park Avenue, Brighton, BN1 7JF

Charity Trustees:

Amit Sharma - Chair - appointed on 07/10/2024 Soma Pujari - resigned on 07/10/2024

Dr Sandra Sequeira

Abha Thorat-Shah

Rebecca Eastmond - resigned on 07/10/2024 Dr Deepta Chopra - appointed 8/07 2024

Independent Examiner

Niall Kingsley FCA

Duncan & Toplis Limited 3 Princes Court Royal Way Loughborough LE11 5XR

Advisor

Sharath Jeevan OBE 36a Monkhams Lane Woodford Green Essex IG8 0NS

The trustees declare that they have approved the trustees' report above.

Signed on behalf of the charity's trustees

….........................................................................

Amit Sharma

Chair 24th October 2025 Date: ….....................................

Page 5

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF TRANSFORM SCHOOLS UK CHARITY NO: 1191583

I report to the trustees on my examination of the accounts of the above charity for the year ended 31st December 2024 which are set out on pages 7 and 8

Responsibilities and basis of report

As the charity trustees, 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 charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section

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 which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:

…..............................................................

Niall Kingsley FCA

Member of the Institute of Chartered Accountants in England & Wales (ICAEW)

Duncan & Toplis Limited

3 Princes Court

Royal Way

Loughborough

LE11 5XR

27th October 2025 Date: ….................................

Page 6

TRANSFORM SCHOOLS UK

RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024

Receipts Grants Bank Interest Received *Sub total* Asset and investment sales *Sub total* *Total receipts* Payments Bank Account Fees Grantsawarded Independent examiners fees Grant management support Charitable event fees *Sub total* Asset and investment purchases *Sub total* *Total payments* *Net of receipts/(payments)* Transfers between funds Cash funds last year end *Cash funds this year end*	Unrestricted funds £ 128,133 62 128,195 - - 128,195 85 138,000 1,860 1,200 1,485 142,630 - - 142,630 - 14,435 - 24,999 10,564	Restricted funds £ - - - - - - - - - - - - - - -	Endowment funds £ - - - - - - - - - - - - - - -	Totalfunds £ 128,133 62 128,195 - - 128,195 85 138,000 1,860 1,200 1,485 142,630 - - 142,630 - 14,435 - 24,999 10,564	Lastyear £ 25,000 14
					25,014
					-
					-

					25,014
					15 15 -

				-
					15

					24,999
					- -
					24,999

Page 7

TRANSFORM SCHOOLS UK

STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2024

Categories Details Cash funds CAF Bank *Total cash funds* Details Other monetary assets None Details Investmentassets None Assets retained for thecharity’s own use Details None Details Liabilities None Signed on behalf of the charity's trustees	Unrestricted funds £ 10,564 - - 10,564 Unrestricted funds £ - Fund to which asset belongs Fund to which asset belongs Fund to which liability relates	Restricted funds £ - - - - Restricted funds £ - Cost(optional) - Cost(optional) - Amount due (optional) -	Endowment funds £ - - -
			-
			Endowment funds £ - Current value (optional) - Current value (optional) - When due (optional)

…......................................................................... Amit Sharma Chair Date: …..................................... 24th October 2025

Page 8