COMPANY REGISTRATION NUMBER: CE024691
CHARrrY REGISTRATION NUMBER: 1193231
Transforniing Choice CIO
Unaudited Financial Statements
31 March 2024
MArrocKS GRINDLEY
Chartered accountants
18 Mulberry Avenue
Turnstone Business Park
Widnes
Cheshire
WA8 OWN

Transforming Choice CIO
Financial Statements
Yèar ended 31 March 2024
Page
Trustees, annual report (incorporating the directorfs report)
Independenl examiner's report to the trustees
Statement of financial actNities (including income and
expenditure account)
Statement of financial position
Statement of cash fbws
10
Notes to the financial statements
11
The following pages do not forni part of the financial statements
Detailed statement of financial activities
21
Notes to the detailed statement of financial activits'es
23

Transforming Choice CIO
Tru8tee3' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2024
The truslee$, who are also the directors for the purposes of company law, present their report and the
unaudrted financial Statements of the charity for the year ended 31 March 2024.
Reference and admlnlstratlve detall$
Ragl8tsr8d ¢harlty namo
Transforming Choice CIO
Charlty WiStr4tlon numb•r
1193231
Company r•gbtr•tion number CE024691
Prfnclpal office and regist•r•d 30 Argburth Drive
offlce
Liverpool
L174JH
The trusloes
Dr F Hargreaves
Sir M Hedley
Mrs N Blundell
Mr PJ Morris
Independent examlner
Giles Mattocks FCA
18 Mulberry Avenue
Turnstone Business Park
Vvldnes
Cheshire
WA8 OWN

Transforming Choice CIO
Trustse8' Annual Report (Incorporating the Director's Report) (eonlinu•d)
Year ended 31 March 2024
Strueturo, governanc• and management
Transft)rming Choice is an independent Charitable Incorporated Organisation {CIOI. of which the
charitable objects are outlined below..
FOR THE PUBLIC BENEFIT, TO ADVANCE THE HEALTH OF ADULTS EXPERIENCING ALCOHOL
DEPENDENCY ISSUES THROUGH THE PROVISION OF RESIDENTIAL AND NON-RESIDENTIAL
PROGRAMMES OF SUPPORT AND TO PROVIDE SUPPORT AND ADMCE TO THEIR FAMILIES
Transforming Cholo opened in 2012 a$ a Community Inte￿$t Company {CICI, delivering al¢ohol detox
and rehabilitation servi¢e$ for people with dependencies to alcohol and other sub$tan¢e$. The
organisalion ha$ grown significantly in this period, and in January 2021 converted to a CIO.
Overall supervision of Tran$foming Choice is undertaken by the Board of Trustees.. Sir Mark Hedley
Ichair), Peter Morris {Treasurerl, Dr Frank Hargreaves and Nicola Blundell. During the reporting period,
day to day management of Transforming Choice is the responsibility of newly recruited CEO Frances
Molloy and newly registered manager James Keenan, other member of the team has taken on more of
managerial role. Throughout this budget year, we have continued work to improve the financial stability
of of the organisation. aiming to operate with a minimum un￿Strided reseNe balan¢e equaling to three
months operating costs.
Appolntment of charlty trustees
Apart from the first charity Iruslees, every trustee musl be appointed for a term of three years by a
re5￿Ul10n passed at a propedy convened meeting of the charity trustees.
In selecting individuals for appointment as charity Iruslees, the charity trustees must have regard to the
skills, knowledge and experience needed for the effective administration of the CIO.
Infonnatlon for new charlty truste•s
The charity tru$tee$ will make available to each new Charity trustee, on or befo￿ hi$ or her first
appointment..
{al a copy of the cur￿￿1 version of this Constitution,. and
{bl a copy of the CIO'S latest TnJslees' Annual Report and Statement of a¢¢ounts.

Transforming Choice CIO
Trusts•s' Annual Report {In¢orporating the Directorf8 Report) (¢tyJtinu•dJ
Y•ar •nded 31 March 2024
Objectlves and actlvltles
Transfomiing Choice delivers its charitable obje¢ts through provision of..
A residential tapered alcohol withdrawal detox and rehabilitation programme
Transitional and long temi supported and semi supported accommdallon
Trauma therapies, specificalty EMDR (Eye Movement Desensitisation and Repro¢e$$ingland
Rewind therapy
'ichoose'
a communty-based programme of activty offering open ended peer support and
platfomi to develop friendships and peer support netsvorks
MFssion and values
Tfansforming Choice was borne out of a passion for social justice for those on the fringes of society.
People dealt an unfair hand in life, fijrther perpetuated by inefficient services and broken systems. With
this in mind, we exist to do more than simpty provide a detox and rehabilitation service. We exist to..
Disrupt the status quo within services and systems intended for people with multiple and complex
needs
To provide fair and meaningfvl opportunities for people who are seekin9 to change their lives
To provide a pktforn that empow8rs pgopI8 to take back control over their own lives, enabling them
to explore past experien¢e$ and traumas within a safe environment
To provide the knowledge and skills ￿qUIred to underpin emotional wellbelng, enabling
independence and self-relian¢e
Public benellt
To advance the health of adults experierscing aknhol dependency issues through the provision of
residential and non-residential programmes of support, and to provide support and advice to their
families.
Strategic report
The following sections for achievements and performance and financial review form the strategic report
ofthe charity.

Transforniing Choice CIO
Trustses. Annual Report (Incorporating the Directorfs Report) (¢ontthu*dJ
Yèar ended 31 March 2024
Achlevements and perfomiance
During the reporting period 1st April 2023 - 31 st March 2024
54 people accessed alcohol detox and rehabililalion services with Transforming Choice 1000
completed the detox period - 35 completed the 12-week programme and graduated. They were
supported into transitional accommodation with Transfonning Choice, appTopTiale accommodalton with
other providers or reintegrated back into their family units.
23 people who completed the programme received additional support within transitional
accommodation.
47 people consistentty accessed 'iChoose' activities in the ¢ommunty including yoga, meditstion, a
range of holistic therapies, football. and numerous trips to places of interest across the Northwest There
are 95 members of ichoose in total, with around half having a¢¢e$sed treatment for their addictions wtth
other treatment providers.
28 people completed peer mentor training andlor volunteered their lime with the organisalion.
providing support to new residents and also building their own resilien¢e.
During thi$ budgetyear, we continued to work towards the aims outlined in our'2030 plan,, these include..
Growing our network of accommodation and developing the offer to prevent us needing to refer
people on from rehab into inadequate or unsuitable housing solutions.
Seeking to launch additional detox and rehab provision within the Liverpool City Region to meet
demand for services - consider target demographics, i.e. increased demand for young people.
Launching and developing the ichoose programme to provide open ended peer support and
programme of activity to promote stability in those in recovery
initialty within the Liverpool Cty
boundary. extended across the City Region by 2030.
In 2023, we were able to accelerate stsff learning and development, this seNed us well this year as tsvo
senior members of the team rnove(l on from the organisation. The team were well prepared. trained and
experienced to step into new po$ition$, ¢ontinuing their own professional development and creating
room for new recrLtits. Specificalty, this year we have..
Promoted one staff member into a senior team member position
Promoted a senior member of staff into a leadership role within the organisation
Welcomed six new memters of staff lo the team
Staff
In 2023, Transforming Choice had 22 $tsff members, working the equivalent of 19.5 full time positions.
13 of our team have overcome addictions to alcohol and other substances and have experience of the
homefess system. Seven of our staff have been recnjited after completing the Transfonning Choice
detox and rehab programme.
Transforming Choice trustees a￿ committed to ensuring that the charity and the programme$ il delivers
are led by people by lived experience. This is pivotal lo the success of the organi$alion.

Transforming Choice CIO
Trustses. Annual Report (Incorporating the Director's Report) {¢onllnued)
Year ended 31 March 2024
Voluntegrs
All graduates of the Transforning Choice detox and rehab programme are invited to undertake peer
mentor training, and to volunteer their lime as peeT mentors when new groups arrive. Peer mentors are
an essential resource and provide the staff team with much needed additional capacity. Additsonalty,
undertakn.ng peer mentor duties is a positive activity for residents who have graduated from the
programme, enabling them to continue to build their own resilience and stabilty.
At any one lime, we have belween 15 and 25 active peer mentors. Peer mentors volunteer the majority
of their time during the first three to four weeks of a new programme. overall volunteer peer mentor
hours during this are approximately 40-70 hours p8r week.
Flnancial rovlow
Total income for Ihe year was £790,495.
Totsl exponditure for the year was £870,218, resulting in a deficit for the year of £79.723, which has
been in line with tru$lee$' expectsb'ons.
At 31 March 2024 the charitsble incorporated organisation's re$eNes Stood at £299,483, of whtch
£62,533 represented re$lricted funds.
Rlsk management
The trustees have assessed the major risks to which the charitable incorporated organisation is exposed
and are satisfied that systems are in pLqce to manage exposure to those risks.
Reserves policy
11 is the aim of the trustees lo build reserves to a minimum of three months operating costs and maintain
this at all times.

Transforming Choice CIO
Trustees. Annual Report {Incorporatlng the Dlrectorfs Report) (contffft￿j
Year ended 31 March 2024
Plans for f￿Ure perlod8
Further lo our achievements, we have also w(thd on the prioTilies set out for the 2024-2025 financlal
year..
Begun the process of purchasing 30 Aigburth Drive from Liverpool City Council to safeguard our
location for the fubjre. We have secured a mortgage for £521,000 and a grant of £50,000 towards the
wrchase. We will secure the remainder of the funding required in the coming weeks.
Despite tying to work with registered providers. we've not been able lo secure any additlonal
properties as we'd hoped lo in 2021. We will ¢onlinue to explore alternative options. including soclal
finance to develop our housing offer.
We have further built on our reserve finances. providing vs with addrf(ional financial stability-
Developed and grown th8 ichoose programme. which now has over 140 members - half of whom
did not a¢¢ess treatment for their addiction wrth Transforming Choice.
Continued to deliver trauma therapies for people struggling with unresolved trauma.
Officially began research around efficacy of tapered alcohol withdrawal in partnership with Liverpool
John Moores University and the Royal Liverp)ol University Hospital", our resear¢her began working with
the January 2023 intake to measure brain activity and function durlng and after alcohol detox.
Summary
202>2024 has been a year of change for Transforming Choice.. whilst at ts'mes this has felt uncertain,
we have continued to make positive strides towards growing the charity lo enable us to meet growing
demand for our services. Transforming Choice have proudly pioneered unique approaches to working
th trauma and addictions. This work has become increasingly important over the past few years in
which we have seen an unprecedented increase in alcohol related deaths and demand for alcohol and
substance services from people battling addictions. During 2024-2025, we will continue to grow, test
and develop new initiatives that will allow us lo extend our reach and impact.
The trustees, annual report and the strategic report were approved on .
on behalf of the board of trustees by:
arml signed
MrPJ
orris
ee l Treasurer

Transforming Choice CIO
Independent Examln•rfs R•port to the Trustees of Transforniing Choice CIO
Year •nded 31 March 2024
I reFQrt lo the trustees on my examination of the financial $talements of Transfomiing Choice CIO I'the
charity,) for the year ended 31 March 2024.
Responsibllltlos and basls of report
As the trustees of the company (and also its directors for the purposes of Company law) you are
responsible for the preparation of the financial ststements in a¢¢ordance with the requirements of the
Companies Act 20061'the 2006 Act,).
Having satisfied myself that the accounts of the ¢ompany are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
the charity's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Act'l. In
arrying out my examination I have followed the Directs'ons given by the Charity Commission under
section 14515)(bl of the 2011 Act.
Independent examlne¢s statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed
in section 145 of the 2011 ACL I confirm that l am qualified to undertake the examination because l am
a member of the Institute of Chartered Accountants in England and Wales IICAEW), which is one of the
listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe..
ac¢ounkn'ng records were not kept in respect o* the charity as required by section 386 of the
2006 Act,. or
the ffinan¢ial $tatemenl$ do not accord with those records.. or
the financial statements do not comply with the accounting requirements of section 396 of the
2006 Act other than any requirement that the accounts give a 'true and fairf view which is not
a maller considered as part of an independent examination., or
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable to charities preparing their accounts in aceordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102).
I have no concerns and have come across no other mallers 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.
Giles Mattocks FCA
Independent Examiner
18 Mulbeffy Avenu8
Tumslone Busines$ Park
dnes
Cheshire
WA8 OWN

Transforming Choice CIO
Statement of Financial Activltles
lincluding income and expenditure account)
Year ended 31 March 2024
2024
Restricted
funds Total funds Total fvnds
2023
Unrestricted
funds
Note
Income and ondowments
Donations and legacies
Charitable activities
5.350
685.645
99.500
104,850
685,645
143,055
711,367
854,422
Total Income
690.995
99.500
790.495
Expgnditur•
Expenditure on Charitable activrties
Total expendilur•
787,343
82,875
870,218
724,037
724,037
787,343
82,875
870,218
Net lexpendlturellln¢ome and net
movement In fund8
196,348)
16,625
(79,7231
130,385
Reconclllatlon of funds
Total funds brought forward
Total fvnd8 carrled forward
333,298
45,908
62,533
379,206
248.821
236,950
299,483
379,206
The statement of financial acb'vib"es includes all gain$ and losses recognised in the year.
Ail income and expenditure derive from continuing a¢tivilie$.
The notes on pagej 11 to 19 fonn of tho•0 fin•n¢lal st•t•m•nts.

Transforming Choice CIO
Statement of Financial Posltion
31 March 2024
2024
2023
Fixad as$ots
Tangible fixed assets
12
58.529
5.979
Current assets
Debtors
Cash at bank and in hand
13
5.854
246,669
322.847
252.523
378.713
Credltors: amounts falllng due wlthln one year
Net Current assets
14
11.S69
5,486
240.954
373.227
Total assets less currenl Ilabllltles
299.483
379,206
Net assets
299,483
379.206
Funds of the charty
Restricted funds
Unrestricted fvnds
62.533
236.950
45.908
333,298
Totsl charity funds
16
299,483
379,206
For the year ending 31 March 2024 the chaTty was entitled lo exemption from audit under section 4TT
of the Companies Act 2006 relating lo small compani8S.
Dlre¢lors' responsibilities..
The members have not required the company lo obtain an audit of its financial statements for the
year in question in accordance with section 476..
The directors ackn￿edge their responsibilities for complying wtth the requirements of the Actwilh
respect lo accounting records and the preparation of financlal statements.
These financial statements have been prepared in accordance with the provision$ appli¢able to
companies subject lo the small companies, regime.
These financial statements were approved by the board of trustees and authorlsed for Issue on
>£(w.￿￿.￿l., and are signed on behalf of the board by:
,MrP
Morris
ee l Treasurer
Th• notss on pages 11 to 19 forni part of th•80 Ilnan¢lo1 $tat•m•nts.

Transforming Choice CIO
Statement of Cash Flows
Year ond•d 31 March 2024
2024
2023
Cash flows from operdtlng acllvltlos
Nel lexpendilure}lincome
179,723}
130,385
Adjustments for..
Depreciation of tangible fixed assets
Accrued expenses
6,956
7,027
2,989
2,765
Changes in..
Trade and other debtors
Trade and other creditors
50,012
{944}
116,672}
116,672}
{37,564)
{10,333)
88,242
88,242
Cash generated from operations
Net cash {used in)lfrom op8raling activities
Cosh flow5 from invgsting a¢tivitio8
Purchase of tangible assets
Net cash used in investing activities
(59,5061
(59,5061
Net Ideereaselllncrease In cash and cash equlvalents
Cash and cash equlvalents at beglnnlng of yoar
Cash and cash equlvalents at end of year
{76,1781
322,847
88.242
234.605
246,669
322.847
Thè notss on pttg•$ 11 to 19 fomi part ofth•¥• finan¢ial $tatsmènts.
10

Transforming Choice CIO
Notss to the Financial Statements
Year ended 31 March 2024
General InfO￿allOn
The charity is a public benefit entity and a private company limited by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the registered
office is 30 Aigburth Drive, Liverpool, L17 4JH.
StatOm0nl of ¢ompllance
These financial statements have bgen prepared in compliance with FRS 102, The Finan¢ial
Reporting Standard appIl￿ble in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordan¢e with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 ICharitie$
SORP {FRS 10211 and the Companies A¢t 2006.
Accountlng poll¢le8
Cash and ¢¥sh oquiv•lonts
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term
liquid investments with original maturities of three months or less. and bank overdrafts.
Basls of pr•paratlon
The financial statements have been prepared on the historical cost basis, as modffied by the
revaluation of certain financial assets and liabilities and investment properties measured al fair
value through income or expenditure.
The financial sta18ments are prepared in sterling, which is the functional currency of the entity.
Basi¢ finan¢i¥l •$$tts
Ba$1¢ financial a$$el$, which include debtors and ¢ash and bank balances, are initially measured
al Iransa¢tion price inclLkding Iransa¢tion ¢osls and are subsequently Carried at amortised cost
using the effective interest method unless the arrangement constitutes a financing transaction,
where the transaction is measured at the present value of the future receipts discounted at a
market rate of interesL Financial assets ckqssified as receivable within one year are not amortised.
Golng concem
Al the time of approving the accounts, the trustees have a reasonable expectation that the
Charitable Incorporated Organisalion has adequate resources lo continue in operational existence
for the foreseeable future. The trustees are confident that the levels of liquidity and free reserves
will not affect the Charitable IN￿rpOrated Organisation operab'ons. Thu$. the trustees continue to
adopt the going ¢on¢em basis.
Baslc flnanclal Ilabllllle8
Basic financial liabilities, includirsg creditors and bank loans are initially recognised at transaction
price unless the arrangement conslrtutes a financing transaction. where the debt instrument is
measured at the present value of the future receipts discounted at a markel rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments a￿ $ub$equenty ¢arried at amorti$ed ￿$t, using the effective interest rate
method.
11

Transforming Choice CIO
Notes to the Flnanclal Statements (conllnu•dJ
Y•ar •nded 31 March 2024
Accounting pollcles (continuod)
Oerecognltlon of financial Ilabllltles
Financial liabilits'es are derecognised when the charity's contractual obligations expire or are
discharged or cancelled.
Judgements and key sources of estlmatlon uncertalnty
In the application of the charity's accounting policies, the trustees are required to make
judgements, eslimales and assumptions about the carrying amount of assets and liabilitie$ that
are not readily apparent from other sources. the estimates and associated assumptions a￿ based
on historical experience and other factors that are cOns￿ere(l to be relevant. Actual ￿SuIts may
differ from these estimates.
The estimates and underlying assumptions are reviewed on an on4Joing basi$. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects onty that period, or in the period of the wision and fvt￿￿ periods where the
revision affect5 both current and futu￿ periods.
All expenditure is ac¢oLrnted for on an aecruals basig. All expenses, including support costs and
governan¢e costs, are allo¢ated or apportioned to the applicable expenditure headings in the
Statement of Finan¢ial Acb'vities. Support and governance costs are applied to unrestiicted funds
unless spe¢ifiealty included in the restrictions, as specified by the donor.
Cost of charitable activities relate to the operation of the charity comprising direct charitable
expenditure to meet the objectives of the charity. Support and govemance costs relate lo the
management and operation of the organisation and also compliance with consliluts.onal and
statutory requirements in producing the annual report. These are dealt with in the Statement of
Financial Activities when payment has been approved by the charity.
Income tax
Income and gains are exernpt from taxation as they are ￿ceived applied for ¢haritsble purposes
only. The Charitable Incorporated Organisation benefits from various exemptions from taxation
afforded by tax legislation and is not liable to corporation lax on income or gains falling within those
exemptions. The Charitable Incorporated Organisation is not able to recover Value Added Tax.
Expenditur8 is recorded in Ihe ac¢ounl$ inclusive of VAT.
Fund ac¢ountlng
Unrestricted funds are the Charitable Incorporated Organisation's free reserves available for the
trustees to appty in accordance with the charitable objects.
Restricted funds are subject to specific restrictsve condib'ons imposed by the donor. All restricted
fijnds are accounted for as restricted income, and expenditu￿ for the purposes is Charged to the
nd.
12

Transforming Choice CIO
Notes to the Financial Statsments (¢onUnu*dJ
Year ended 31 March 2024
A¢countlng poll¢loS (¢onllnu•rfJ
Incoming rgsourc0S
All income 1$ ￿Cognised once the Charitable Incorporated Organisation has entitlement to the
income, there 1$ sufficient Certainty of receipt and so it is probable that the income will be received.
and the amount of income can be MeaSu￿d reliably.
Donation$ and lega¢ie$ ¢ompri$e donations which are recognised in the accounts when received,
with the excepb'on of known legacies which are accounted for when their receipt is certain.
Income from charitable activities is recognised on an accruals basis, except for grants receivable.
which are re¢ogni$ed on the dale on which their unconditional payment is confinned by the donor.
Ro$our¢•6 expondod
Liabilities are recognised as soon as there is a legal OT constructive obligation committing the
Charitable Incorporated Organisation lo that expenditure, it is probable that settlement will be
required. and the amount of the obligation can be measured reliably.
All expenditure is accounted for an an accruals basis. All expenses, including support costs and
governance costs. are allocated or apportioned lo the applicable expenditure headings in the
Statement of Financial Activities. Support and governance costs are applied to unre$tri¢ted funds
unless specifically included in the restrictions, a5 specified by the donor.
Expenditure on charitable activities relate to the operation of the eharty comprising direct
charitable expenditure to meet the objecb've of the Charitable In¢orporaled Organisation. Support
and govemance costs relate lo the management and operation of the Organisatson and also
Complian￿ with ￿nStitUtIOnal and statutory requirements in producing the annual report. These
are dealt with in the Statement of Financial Activities when payment has been approved by the
¢hanty.
Tanglble a88ets
Tangible assets 8re initially recorded al cost, and subsequently slated at cost less any accumulated
depreciation and impaimient losses. Any tangible assets carried al revalued amounts are recorded
at the fair value at the dale of revaluation less any subsequent acCumu￿ted depretyation and
subsequent accumulated impairment losses.
Dopreclatlon
Capital expenditure of £200 and above is treated as a fixed asset and depreciation is calculated
so as to wnle off the cost or valuation of an asset. less ils residual value, over the usefvl economic
life of that asset as follows-.
Freehohl propety
Fixtures and fitts'ngs
15¥0 straight line
25 /0 straight line
13

Transforming Choice CIO
Notes to the Flnanclal Statements (eonlinu•d)
Year •nd•d 31 March 2024
Accountlng pollcles fcontinu•dJ
Impairnient of fixed assets
A review for indicators of impairment Is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carying value exceeds the
recoverable amount. the asset is impaired accordingly. Prior impaimients are also reviewed for
possible reversal al each reporting dale.
For the purposes of impairment testing, when it is not possible lo esb'mate the recoverable amunt
of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit
to which the asset belongs. The cash-generating unit is the smallest identifiable group of as$ets
that includes the asset and generates cash inflows that largely independent of the cash inflows
from other assets or groups of assets.
For impaimeftl testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the eash-generating units that are expected to benefit from
the synergies of the ¢ombinab'on, irre$pe¢tive of whether other assets or liabilities of the charty
are assigned to those units.
Finan¢ial in$twm¢nts
The charity has elected to apply the provisions of Section 11 'Basic Financial Instfuments. and
Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes
paty to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the nel amounts presented in the financial
statements, when there is a legally enforceable right to sel off the recognised amounts and there
is an intentson to settle on a net basis or to reali5e the asset and settle the liability Simultaneously.
Dofinod contribution plans
Contributions to defined contribution plan$ a￿ re¢ognised a$ an expense in the period in which
the related Servi￿ is provided. Prepaid contributions are recognised as an asset to the extent that
the prepayment will lead to a reduction in future payments or a cash refund.
IMen conlribulions are not ex￿cted to be settled wholty within 12 months of the end of the
reporting date in which the employees render the related Se￿ICe, the liability is measured on
discounted present value basis. The unwinding of the discount is recognised as an exp8nse in the
period in which it arises.
DonalSons and legacles
Unrestricted
Fund$
Restricted Tolal Funds
Funds
2024
Donatlons
Donations
5,350
5,350
14

Transforming Choice CIO
Notes to the Flnanclal Statements (conSTnued)
Y•ar anded 31 March 2024
Donatlons and legacles (eontinu8dJ
Unrestricted
Funds
Restri¢ted Total Funds
Fund$
2024
Grants
Garfield Weston Foundation
Liverpool City Council
National Lottery Fund - Reaching Communities
Steve Morgan Foundation (Garden)
Steve Morgan Foundation (Salaries)
84,000
15,500
84,000
15,500
5,350
99,500
104,850
Unrestricted
Funds
Restricted Totsl Funds
Funds
2023
Donatlons
Donations
4,960
4.960
Grants
Garfield Weston Foundation
Liverpool City Council
National Lottery Fund - Reaching Communities
Steve Morgan Foundation IGarden)
Steve Morgan Foundation (Salaries)
30,000
720
84,000
30.000
720
84.000
23,375
23,375
143,055
4,960
138,095
Charitable activities
Unrestricted Total Funds Unre5trided Toial Funds
Funds
2024
Funds
2023
Care income
Service and contract income
Rent
student placements
46,886
322,510
313,449
2.800
685.645
46,886
322,510
313,449
2,800
685,645
76,523
291,255
341,344
2,245
711,367
76,523
291,255
341,344
2,245
711,367
15

Transforming Choice CIO
Notes to the Financial Statemènts l¢•nOnu¢d)
Year ended 31 March 2024
Expenditure on ¢harltable a¢tlYltles by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Direct charitable activities
Support costs
783,803
3,540
82.875
866.678
3,540
870,218
787,343
82,875
Unrestricted
Funds
Restricted Total Funds
Funds
2023
DI￿¢t Charitable a¢livities
Support costs
521,879
4,420
197,738
719,617
4,420
724,037
526,299
197,738
Ex￿ndItUrfr on charltable ac15vilies by activlty type
Activities
undertaken
direcdy
Support Total fvnds
costs
2024
Total fijnd
2023
Direct chantable activrties
Governance costs
866.678
866,678
3,540
719,617
4.420
3,540
866,678
3,540
870,218
724,037
Net lexpenditurellincome
Net lexpenditurellin¢ome 1$ ststed after chargingllcreditingl..
2024
2023
Depreciation of tangible fixed assets
6,956
2.989
Independent examination f•
2024
2023
Fees payable lo the independent examiner for.
Independent examinalion of the financial statements
1,250
1,250
10. Staff costs
The average head count of employees during the year was 38 {2023= 221. The average number of
full-time equivalent employees during the year is analysed as follows-.
2024
2023
No.
Number of stsff
20
20
16

Transforming Choice CIO
Notes to the Financial Statements (condnu•dJ
Year ended 31 March 2024
10. Stsff costs (contlnu
No employee received employee benefits of more than £60,000 during the year12023'. Nill.
11. Trustee remuneration and expensos
No remuneration or other benefits from employment with the ¢harity or a related entity were
received by the trustees.
12. Tangible rued assets
Freehold Fixtures and
property
fitttngs
Total
Cost
At 1 April 2023
Additions
11.538
11,538
59,506
59,506
59,506
At 31 March 2024
11.538
71,044
Depreclatlon
At 1 April 2023
Charge for the year
At 31 March 2024
5,559
2,989
5,559
6,956
12,515
3,967
3,967
8,548
Carrying amount
At 31 March 2024
55,539
2.990
5,979
58.529
At 31 March 2023
5.979
13. Debtors
2024
2023
Trade debtors
Prepayments and a¢¢wed in¢ome
Other debtors
5,854
8,532
29,834
17,500
5,854
55,866
14. Creditors: amounts fallin9 due within one ye•r
2024
2023
Trade credrtors
Accruals and deferred income
Social security and other tsxes
527
11,042
632
4,015
839
11.569
5,486
17

Transforming Choice CIO
Notes to the Financial Statements (contlftued)
Y￿r ended 31 March 2024
15. Pen81ons and other post rellrement beneffts
Deflned contrfbutlon plans
The amount recognised in income or expendibjre as an expense in relatron to defined contribution
plans was £10,72612023.' £10.0331.
16. Analysls of charftable funds
Unrestrlcted funds
At
1 April 2023
At 31 March
2024
Income Expenditure
Unrestricted fvnds - General funds
333,298
690,995
1787,3431
236,950
Al
1 April 2022
At 31 March
2023
Income Expenditure
Unrestricted fvnds- General funds
143,270
716,327
1526,2991
333,298
RoStrict•d funds
At
1 April 2023
At 31 March
2024
Ineome Expenditure
Restn'cted Funds
45,908
99,500
{82,8751
62,533
At
1 April 2022
At 31 March
2023
Income Expenditure
Restricted Funds
105,551
138,095
{197,7381
45.908
These are monies given to the charitable incorporated organisation to be spent at the discretion of
the Board of Trustees for sPe￿fiC charitable purposes, as follows..
National Lottory Fund- Reachlng Communhles Contribution towards stsff salary ¢o$ts and ¢0
costs
Steve Moryan Foundatlon {Gardon) Contribution lowards the garden project.
18

Transfomiing Choice CIO
Notss to the Financial Statements (¢onlTnued)
Year ended 31 March 2024
17. Anatysls of net assets bBlw••n funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
42.108
206.411
{11,5691
236.950
16.421
46.112
58,529
252,523
111,569}
299,483
62,533
Unrestricted
Funds
Restricted Totsl Funds
Funds
2023
Tangible fixed assets
Current assets
Creditors less than 1 year
Nel assets
2.071
336,713
15,486)
333,298
3,908
42,000
5.979
378.713
15.4861
379.206
4S,908
18. FlnaThclal Inslruments
The charity has elected to apply the provi$ion$ of Section 11 'Basic Financial Instruments, and
Section 12 '0ther Financial Instruments l$$ue$' of FRS 102 to all of its financial instruments.
Financial instruments are re¢ogni8ed in the charity's balance sheet when the charity becomes
party lo the contractual provision$ of the in$twment
Financial liabilib'es are derecognised when the charity's contractual Obl￿all0￿5 expire or are
discharged or cancelled.
19. Anatysls of changes In net debt
At
At 1 Apr 2023 Cash flows 31 Mar 2024
Cash at bank and in hand
322.847
176,178)
246,669
20. Other flnanclal commltments
The Charitable Incorporated Organisation held a lease dated 2017 for five years at a premises
owned by Liverpool City Council, under the temis of which an annual peppercorn rent could be
demanded. The charitable incorporated organisalion 1$ currently in negotiation with Liverpool City
Council regarding the new lease agreement.
21. Rglatod partles
Dr F Hargreave$, a trustee, was paid £1,200 for dinical support on a seif*mployed basis during
the year lo 31 March 2024.
19

Transforming Choice CIO
Management Inforniation
Year ended 31 March 2024
Tho followlng pages do not form part of the flnanclal statements.

Transfomiing Choice CIO
Detailed Statement of Financial Activities
Year ended 31 March 2024
2024
2023
Income and gndowmgnts
Donatlons and legacles
Donations
Garfield Weston Foundation
Liverpool City Council
National Lottery Fund - Reaching Communibes
Steve Morgan Foundation {Gardenl
Steve Morgan Foundation {Salariesl
5,350
4,960
30,000
720
84,000
84,000
15.500
23,375
143,055
104,850
Charttablg a¢tlvltl•s
Care income
Service and contract income
Rent
Student placements
46,886
322,510
313,449
2,800
685,645
76,523
291,255
341,344
2,245
711,367
Total in¢ome
790.495
854,422
21

Transforming Choice CIO
Detailed Statement of Financial Activities (¢onllnu•d)
Year ended 31 March 2024
2024
2023
Expendlture
Expendlture on charltable actlvltles
Wages and salaries
Employer's NIC
Pension costs
Rent
Rates and water
Light and heat
Repairs and rna1ntenar￿e
Insurance
Other motorltravel costs
Legal and professional fees
Telephone
Depreciation
Activitie$
Clinical support
Health and safety
Cleaning
Computer support
Food and drink
Stationery and postage
Volunteer expenses
TV Licence and Neffiix
Consultancy fees
Drug testing kits
DBS fees
Subscriptions
Pest contr
Training
Bank charges
Advertising and markeb'ng
Unre¢overable debt
577,528
41,808
10,726
4,149
5.951
56,569
24,653
16,494
4.083
13,082
2,977
6,956
8,364
1,862
2,843
2,160
10,533
19,603
1,662
5,852
191
14,820
2,552
805
10.195
504
3,094
1.231
1.471
17.500
495,622
38,652
10,033
4,248
5.596
40.186
15.543
13.249
5,578
4,420
3,287
2,989
10.046
2,660
247
3,367
2,826
18,449
3,621
3,083
290
14,111
2,278
208
11.451
1.550
1,202
8.405
870,218
724,037
Total expendlture
870,218
724,037
Not10X￿nd1tur•lI￿ntorn9
(79.723)
130.385
22

Transforniing Choice CIO
Notes to the Detail•d Statemènt of Flnanclal Actlvltles
Year ended 31 March 2024
2024
2023
Expendlture on eharltable actlvftles
Dlrect Charltable actlvltles
Actlvltl&s undertaken dlreetly
Staff wages
Oirect charitable activity 1- empbyerfs NIC
Pension
Room hire
Rates and water
Light and heat
Repairs and maintenance
Insurance
Motor and ITavel costs
Professional fees
Telephone and intemet
Depreciation
Acb'vities
Clinical support
Health and safety
Cleaning
Computer support
Food and drink
Stationery and postsge
Volunteer expenses
TV Licence and Neffiix
Consultancy fees
Drug testing kits
DBS fees
Subscriptions
Pest control
Training
Bank charges
Adverb'sing and marketing
Unrecoverable debt
577,528
41,808
10,726
4,149
S,951
56,569
24,653
16,494
4,083
9,542
2,977
6,956
8,364
1,862
2,843
2,160
10,533
19.603
1,662
5.852
191
14,820
2,552
805
10.195
504
3.094
1.231
1.471
17.500
495,622
38.652
10.033
4.248
5.596
40,186
15.543
13,249
5,578
3,287
2,989
10,046
2,660
247
3,367
2,826
18,449
3,621
3,083
290
14,111
2,278
208
11,451
1,550
1.202
8.405
866,678
719,617
Gov•mance costs
Governance costs- accountancy fees
3,540
4.420
Expondhur• on charltable a¢tlvhl•s
870,218
724.037
23