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2023-12-31-accounts

COMMUNITY TRANSFORMERS EMPOWERMENT SERVICES

Company Number CE022834 (England & Wales) Registered Charity Number: 1192493

REPORT OF THE DIRECTORS/TRUSTEES AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

Community Transformers Empowerment Services

Contents

Page(s)
Company and Charity Information 3
Trustees Report 4
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance sheet 10
Notes to the financial statements 11-13

2

COMMUNITY TRANSFORMERS EMPOWERMENT SERVICES

COMPANY AND CHARITY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees/Directors Mrs Eulalee Reid Mr Roop Chander Mr Prince John Emmanuel Mr Praise King Mr Nnamdi Henry Uduu Company Secretary Mr Nnamdi Henry Uduu Registered Charity Number 1139532 Principal and registered office 78A Walsall Street Wolverhampton WV1 3LP

3

COMMUNITY TRANSFORMERS EMPOWERMENT SERVICES

REPORT OF THE DIRECTORS (TRUSTEES)

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees, for the purposes of the Charity Act, present their annual report and independently reviewed Financial Statements for the year ended 31 December 2023.

STRUCTURE, GOVERNANCE, AND MANAGEMENT

The Charity is constituted as a Charitable Incorporated Organisation (CIO). The Trustees deem the charity is not subject to Corporation Tax.

The organisation is controlled by its governing document, incorporated under the name “Community Transformers Empowerment Services” aka “COMTRANES” as registered on the 23 November 2020.

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees set the overall policy and direction of the organisation. They have a wide range of skills and experience in Community mobilisation, Christian ministry, and management in the public, private and voluntary sectors.

OBJECTS AND ACTIVITY

1.�To promote for the benefit of the inhabitants of Wolverhampton and the surrounding areas without distinction of sex, sexual orientation, race, or of political, religious, or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and other leisure time occupations with the objects of improving the conditions of life of the said inhabitants.

  1. Establish or secure the establishment of a community centre (hereinafter called “the centre”) and to maintain and manage the same (whether alone or in co-operation with any local authority or person or body) in furtherance of these objectives.

3.�Support such other general charitable purposes as the trustees may from time-to-time determine.

PUBLIC BENEFIT

In developing activities and delivering services, the Trustees have taken account of the guidance on public benefit published by the Charities Commission. All of the group's activities are for public benefit. No member of the organisation, including the Trustees, receives any financial benefit from their involvement with the organisation.

STRATEGIES FOR ACHIEVING OBJECTIVES

o The promotion of mental health and holistic wellbeing through weekly support activities, counselling; etc

o Offer pro-bono legal support to immigrants, refugees, and Asylum seekers.

o Offer temporary accommodation for the homeless, rough sleepers, and stranded newly arrivals.

o Organisation of community BBQs, conferences, outdoor activities, and community cohesion events aimed at promoting racial equality, diversity, and inclusion.

o Organisation of thrice weekly community fitness activities like walking, cycling, 5 a side football matches, and low contact sports.

o Support for other Charities.

o Support and assistance to individuals in need.

4

COMMUNITY TRANSFORMERS EMPOWERMENT SERVICES

REPORT OF THE DIRECTORS (TRUSTEES)

ACTIVITIES FOR CARRYING OUT OBJECTIVES

VOLUNTEERS

The Charity is grateful for the efforts and support of its teeming volunteers who are involved in the service delivery. During the financial year, an estimated minimum of 10,140 volunteer hours (80 volunteers x 3hrs per week x 52 weeks) were provided. When valued at E10 per hour, the efforts of the volunteers amount to £124,800.00.

During this very difficult time for members of our community, the Charity appreciates the enormous sacrifice made by our volunteers. They are contributing immensely to meet the ever-increasing demand on our services because of COVID-19 and the cost-of-living crises.

ACHIEVEMENTS AND PERFORMANCE —January 2023 - December 2023

With cost-of-living crises still ravaging the lives of so many in our community and nation, this financial year has proved to be yet another difficulty year for everyone, particularly for members of our community. Many have lost their jobs, families, and health. There has been a very sharp increase in cases of mental health issues in the community that is linked directly to the effects of COVID-19 and the cost-of-living crises.

As Chairperson it is with mixed feelings that I present this report to our supporters, service users and the public. It shows some of our achievements over the past 12 months, particularly in meeting the everincreasing needs of those who are most affected by the cost-of-living crises. This report also contains some insight into the organisation's vision for the future.

In the year under review, COMTRANES engaged in various Community based welfare, educational, health, fitness, and community building activities for the benefit of its members and the public.

COMTRANES has continued to experience tremendous growth and is making significant contributions to both the Mental, Emotional, Social, Financial, Physical, and family lives of members of the public. The organisation continues to expand its service provision to the public every week, particularly in alleviating the pain and hardship occasioned by Covid-19 and the cost-of-living crisis, and other issues like racial and economic equality, diversity, inclusion, and equal opportunities for all.

5

COMMUNITY TRANSFORMERS EMPOWERMENT SERVICES

REPORT OF THE DIRECTORS (TRUSTEES)

COMTRANES continues to organise a host of activities for the public benefit which are focused on alleviating the suffering caused by the pandemic, promoting community cohesion, the relief of poverty, skills training, community engagement, fitness, and youth activities. While a few of the activities are still online, our community centre is now fully opened for in-person activities.

Specifically, some of our achievements and accomplishments for the year includes:

  1. The charity supported 125 immigrants, refugees, and asylum seekers, and their families, with legal services, and to find suitable accommodation, shelter, work, schools for the children, etc.

  2. The charity started a new three-day weekly Tricycle club for the elderly and the disabled. This is in addition to our fitness and cycling club.

  3. The charity installed a new shower and toilet for the homeless and rough sleepers.

  4. Soup Kitchen and Food Bank

  5. a. Number of unique individuals served with hot meals monthly: 725.

  6. b. Total number of Food Parcels delivered to homes: 3,900 (75 x 52wks)

  7. c. It is estimated that a total number of 26,800 meals were served by the Soup Kitchen and foodbank this financial year.

  8. Physical fitness activities.

  9. The charity started two new youth and children events including empowerment seminars, and sport activities designed to keep the youths active and fit.

  10. Zoom seminars and workshops aimed are getting people back to work.

  11. The charity also provided material and financial assistance to individuals in need, particularly to new arrivals and those hard hit by the pandemic.

  12. The charity started two new support groups, to address issues of loneliness, isolation, and depression.

  13. The charity purchased a 20ft storage container and 10 additional bicycles.

6

COMMUNITY TRANSFORMERS EMPOWERMENT SERVICES

REPORT OF THE DIRECTORS (TRUSTEES)

FINANCIAL REVIEW

The organisation is funded generally from donated funds for non-specific purposes, from its members and attendees. These funds are retained in bank accounts held in the UK and are treated as Unrestricted Funds, except when the funds are meant for a specific project.

In recognition of the great work our volunteers are carrying out in the community, the Charity received restricted funds of £664 toward our community outreach. Overall, 2023 was a challenging year financially. Most of our income comes from contributions from members of the church. With the cost-of-living crisis biting more and more it has been a financially tough year for everyone indeed.

In line with the recommendations of the Charity Commission, the trustees have adopted a policy on the holding of reserves. The Trustees are seeking to achieve reserves amounting to six months’ running costs. This amounts to around £12,000 for the reported year. They endeavour to work towards achieving this level over the next few years. The Trustees are empowered to invest monies of the Charity not immediately required for the furtherance of its objects in or upon such investments, securities or property as may be thought fit, nevertheless subject to such conditions (if any) and such consents (if any) as may for the time be imposed or required by law.

STATEMENT QF TRUSTEES' RESPONSIBILITIES

The TRUSTEES are required under UK Company law to prepare financial statements for each financial year, which give a true and fair view of the company's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:

d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in operation.

The trustees are responsible for keeping accounting records, which disclose with reasonable accuracy the financial position of the company and which enable them to ensure that the financial statements comply with applicable law and regulations. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees have identified the major risks to which the charity is exposed and have put adopted suitable mechanisms to manage those risks.

This report has been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the Small Companies regime.

APPROVAL

This report was approved by the trustees on XXt h of XXX 2024 , and signed on their behalf:

Mr Nnamdi Henry Uduh Trustee

7

REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF COMMUNITY TRANSFORMERS EMPOWERMENT SERVICES (COMTRANES)

I report to the trustees on my examination of the accounts of Community Transformers Empowerment Services (COMTRANES) for the year ended 31 December 2023.

Responsibilities and basis of report as the charity trustees of COMTRANES

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 COMTRANE’s accounts carried out under section 145 of the 2011 Act and 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 kept in respect of COMTRANES as required by section 130 of the Act; the accounts do agree with those records; which comply with the accounting 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.

Signed: .................... ....... Name: Deborah I. Igbinosa Relevant professional qualification(s) or body BA Hon & MSC A/F, AAT & ACCA 28-Aug-24

COMMUNITY TRANSFORMERS EMPOWERMENT SERVICES Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 December 2023

Note
INCOMING RESOURCES
Incoming Resources from generated funds
Donation & Legacies
Investment income
Incoming Resources from charitable activities
Grant Income
2
Other Incoming Resources
Other income
3
Total Incoming Resources
RESOURCES EXPENDED
Charitable Activities
Governance cost
Other Resources Expended (Depreciation)
Total Resources Expended
6
NET INCOMING/(OUTGOING) RESOURCES
Before transfers
Transfer between funds
Net Incoming / (Outgoing) resources
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2023
Unrestricted
Funds
Restricted
Funds Total Funds
£
£
£
-
-
-
-
-
-
27,007
-
27,007
-
-
-
27,007
-
27,007
18,336
213
18,549
-
-
-
3,014
-
3,014		 2022
Total Funds
£
-
-
-
27,229
-
27,229
32,392
150
3,014
21,350
213
21,563
-
5,658
213
-
5,445
-
-
-
5,658
213
-
5,445
19,033
213
19,246
24,691
-
24,691		 35,556
8,327
-
-
8,327
-
27,573
19,246

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

None of the charity's activities were started or discontinued during the current or prior year and all operations continue.

There are no recognised gains or losses other than those passing through the income and expenditure account.

9

COMMUNITY TRANSFORMERS EMPOWERMENT SERVICES Balance Sheet as at 31 December 2023

Company Number CE022834 (England & Wales) Registered Charity Number: 1192493

Note
FIXED ASSETS
Tangible
9
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
Total current assets
CURRENT LIABILITIES
Creditors: amounts falling due within one year
6
Net Current Assets
TOTAL ASSETS LESS CURRENT LIABILITIES
NON CURRENT LIABILITIES
Creditors: Amounts falling due after more than one year
NET ASSETS
FUNDS
Restricted Funds
10
Unrestricted funds
Designated funds
TOTAL FUNDS		 31/12/2023
£
16,169
-
8,672
8,672
(150)
8,522
24,691
-
24,691
24,691
-
24,691		 31/12/2022
£
19,183
-
213
213
(150)
63
19,246
-
19,246
213
19,033
-
19,246

For the year ended 31 December 2023, the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The member have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The accounts were approved by the Board on ….28 August 2024..............

……………………………………….

Mr Nnamdi Henry Uduh Trustee

10

COMMUNITY TRANSFORMERS EMPOWERMENT SERVICES Notes to the Financial Statements for the year ended 31 December 2023

1 Accounting policies a)

Accounting Convention

The financial statements have been prepared under historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities

Financial Reporting Standard Number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

b) Tangible Fixed Assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Vehicles: 10% Equipment: 20%

b) Incoming Resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Restricted incoming resources in respect of capital expenditure are carried forward as deferred capital grants and released to the fund account to match the depreciation charges.

c) Resources expended

Expenditure is accounted for on accrual basis and has been classifed under headings that aggregate all the costs related to the category. Where costs cannto be directly attributable to particular headings they have been allocated to activities on a basis consistent with the use of resources.

d) Taxation

The charity is exempt from corporation tax on its charitable activities.

e) Fund Accounting

Unrestricted Funds can be used in accordance with the charitable objectives at the discretion of the trustees

Restricted funds can only be used for the particular restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when the funds are raised for a particular restricted purpose.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2
Incoming Resources from charitable activities
Wolverhampton City Council
Oasis of Love Int'l Centre (OLIC)
3
Other incoming resources
Other income (incl. Gift Aid, Insurance & CJRS claims)
4
Total resources expended
Cost of generating funds
Fundraising & Publicity
Charitable expenditure
Direct project costs
Staff & Volunteer Costs
Management and administration
Premises Costs and Utilities
Vehicle maintenance
Members welfare
Cost in furtherance of Charity's objects		 Unrestricted
Funds
£
-
27,007		 Restricted Funds
£
-
-		 Total
2023
£
-
27,007
27,007
Total
2023
-
Total
2023
£
-
9,201
96
-
3,751
303
4,985
18,336		 Total
2022
£
664
26,565
27,007 - 27,229
Unrestricted
Funds
£
-
9,201
96
3,751
303
4,985		 Restricted Funds
£
-		 Total
2022
-
Total
2022
£
-
-
-
-
-
-
-		 25,083
600
150
1,277
2,828
2,455
18,336 - 32,393

Management and administration costs include payment to the Independent Reviewer of £150 (2022: £150)

11

COMMUNITY TRANSFORMERS EMPOWERMENT SERVICES Notes to the Financial Statements for the year ended 31 December 2023

6
Employees
The average monthly number of employees during the year was:
Employment costs
Wages and salaries
Social Security costs
Pension costs
The Charity had no employees during the year (2021: nil)
7
Tangible Fixed Assets
Cost
As at 1 January 2023
Additions
Disposal
As at 31 December 2023
Depreciation
As at 1 January 2023
Additions
Charge for the year
Disposal
As at 31 December 2023
Net book value
As at 31 December 2023
As at 1 January 2023
8
Debtors
Other debtors
Prepayments
9
Creditors: Amounts falling due within one year
Tax and social security
Accrued expenses		 Unrestricted
Funds -
Bicycles and
Tricycles
£
6,162
-
-		 Unrestricted
Funds - Vehicles
£
17,935
-
-		 Total
2023
-
-
-
-
-
Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
As at
31/12/2023
£
-
-
-
As at
31/12/2023
£
-
-
150
150		 Total
2022
-
-
-
-
-
Total
2023
£
-
24,097
-
-
6,162 17,935 24,097
1,232
1,232
-		 3,682
1,782
-		 -
4,914
3,014
-
2,464 5,464 7,928
-
3,698 12,471 16,169
4,930 14,253 19,183
As at
31/12/2022
£
-
-
-
As at
31/12/2022
£
-
-
150
150

12

OASIS OF LOVE INTERNATIONAL CENTRE Notes to the Financial Statements for the year ended 30 September 2023

10 Restricted funds

The income funds of the charity include restricted funds comprising the following donations and grants held for specific purposes

Restricted fudns Balance as at
1 Jan 2023
£
213.00		 Incoming
Resources
£
0
-		 Resources
expended
£
213		 Transfers
Closing
Balance
31/12/2023
£
£
- -
-
-
213 213

Transfers may be made in situations where expenditure has exceeded available grant income or where there has been a small balance of grant remaining after the project completion

11 Capital commitments

At 31 December 2023, the Charity had no expenditure commitments (2022: £0)

12 Reserves Policy

The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfill its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Directors will endeavour not to set aside funds unncecessarily.

13