COMPANY REGISTRATION NUMBER: CE024691 CHARITY REGISTRATION NUMBER: 1193231 Transforming Choice CIO Unaudited Financial Statements 31 March 2025 MATTOCKS GRINDLEY Chartered accountants 18 Mulberry Avenue Turnstone Business Park Widnes Cheshire WA8 OWN
Transforming Choice CIO Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the director's report) Independent examinerfs report to the trustees Statement of financial a¢tivities (including income and expenditure account) Statement of financial position Statement of cash flows 10 Not8S to the financial statements 11 The followlng pages do not fomi part of the financial statemgnts Detailed statement of financial activities 22 Notes to the detailed statement of financial activities
Transforming Choice CIO Trustaos. Annual Report {Incorporating the Director's Report) Year ended 31 March 2025 The trustees, who are also the directors for the purposes of ¢ompany law, present their report and the unaudited financial slalemenls of the charity for the year ended 31 March 2025. R•f8r8nce and admlnl$trailve detalls Register charfty n•m• Transforming Choice CIO Charity reglstrdtlon numb•r 1193231 Company registration numb•r CE024691 Prfnclpal offi¢e and registsrod 30 Aigburth Drive office Livetpool L174JH The trustees Dr F H8rgreaves Sir M Hedley Mrs N Blundèll Mr PJ Morri5 Ind$pendent examlner Giles M8ttocks FCA 18 Mulberry Avenu8 Tumstone Business Park Widnes Cheshire WA8 OVVN
Transforming Choice CIO Trustees. Annual Report (Incorporating the Dlrector's Report) IconLinu4dJ Year ended 31 March 2025 Stru¢ture, governanc• and management Transforniing Choice is an indèpendent Charitable Incorporated Organisalion ICIOI, 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 ADVICE TO THEIR FAMILIES Transforrning Choice openèd in 2012 as a Communty Interest Company ICICI, delivering alo)hol detox and rehabilrtation service5 for people with dependenaes to alcohol and other substances. The, organisation has grown significantly in this period, and in January 2021 converted 10 8 CIO. Overall supervision of Transforming Choice is undertaken by the BoaTd of Truslees.. Sir Mark Hedley {Chairl, Peter Morris rfreasurerl, Or Frank Hargreaves and NwLq Blundell and newly re¢ruiled Ron Tiem6y. During the reporting period. day to day management of Transfoming Choice is the responsibility of CEO Frances Molloy and registered manager James Keenan. other members of the team have taken on more of a rnanagerial role. Throughout this budget year, we have continued work, lo improve the financial stability of the organisalion, airning lo operate with a minimum unrestricted reserve balance equating lo three months operating costs. Appolntment of eharfty trustees Apart from the first charty Iwslees, every trustee must be appointed for a term of three years by a re501ulion passad at a property convened meeting of the charity trustees. In selecb.ng individuals for appointment as chaiity trustees, the Charity trustees musl have 93rd lo the skills, knowledge and experience needed for the 8ffe¢live administration of the CIO. Infr*miatlon for new charfty tw$tse¥ The charity trustees will rnake available lo each new charity trustee, on Of before his or her first appointment.. lal a copy of thè alrienl version of this constitution,. and Ibl a copy of the CIO'S latest Trustees, Annual Report and statement of accounts.
Transforniing Choice CIO Trustees. Annual Report (Incorporating the Directorfs Report) l¢onllnuedJ Year ended 31 March 2025 ObJèctlv•$ and a¢tivitie# Transforrning Choice delivgrs its charitable objects through provision of.. A residential tapered alcohol withdrawal detox and rehabilitation programme Tran$ilional and long term supported and semi supportèd accommodation Trauma inf(>rmed information programme, using group and one to one setting delivery method8. .OOSe. _ a community-ba5ed programme of activity offering open ended peer support and a platform lo develop friendship5 and peer support networks M5sslon and valu Transforming Choice was bome out of 8 passion for social justice for those on the fringes of society. People dealt an unfair hand in life. fvrther perpetuated by inefficient $emS and broken systems. Wlth this in mind, we exist lo do more than simpty prowde a dotox and rehabilitation service. We exist to: Disrupt the status quo wrfhin serVe$ and systems intended for people wllh multiple and complex needs To provide fair and meaningful opportunities for people who ara saeking lo change their lives To pfovide a platform that empowers people to take b8¢k control over their own lives, ènabling them lo explore past experiences and traumas within a safe environment To providè the knowledge and ski115 required to underpln emotional wellbeing, enabling independence and self-reliance Publlc ben•fft To advance the health of adults experiencing aleohol dependency issu&$ through the provision of residential and non-rèsidenli81 programme5 of support, and to provide support and advice to thair families. Strateglc report The following sections for achievements and perfomiance and financial review forrn the strategic report of the charity.
Transforming Choice CIO Trustees. Annual Report (Incorporating the Directorfs Roport) Icontsnue Year ended 31 March 2025 Achièv•mènts and rf0Mlan¢• During the reporting period 1st April 2024- 31st March 2025 53 people aSsed alctshol detox and rehabilitation services with Transforming ch0e 1000 completed the detox period - 34 completed thg 12-week programme and graduated. They were supported into transrtional 3¢eommodalion wrth Tr8nsforrning Choice, appropriate accornmodation with other pioviders or reintegrated back into their family units. 27 people who completed the programmè recèived additional support within iransitional accommodation. 44 people ¢onsislenlly accessed 'iCh005e' actiwties in the community incfuding yoga, meditation, a range of holistic therapies. football. and numerous trips to plaees of interest across the Northwest. There are now 100+ members of ichoose in total, with around ham having accessed Iatment for their addictions wrth other treatment providers.'ichoos8' is now 75% financially self- supporting and since August 24 has been 100Vo led by ils members. 24 peopl& completed pear mgntor training anivfy volunteered their lime with the organisalH)n, I providing support lo new re$ident5 and a150 building their own resilience. We fomied a partnership with a local building firm, Pènny Lane Builders, who have supported us with es$enlial buildin9 repalrs as part of their social value conlribulion. Strengthened partnerships wilh other local and national rèhab providers to maximisg the pathways for those accessing our services. During this budget year. we continued loworklowardsthe aims outlined in our'2030 plan,, these include.. Growing our network of pferred move on accommodation providers 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 LNerpool City Region lo rneel demand for services- consider tsrgel demographics, i.e. increased demand for young people. Launching and developing ihe ichoose programme lo provide open ended peer support and programmo of a¢tivty lo promote stability in those in recovery - initially within the Liverpool City boundary, extonded aoSS the Cty Region by 2030. In 2024125, we were able to accelerate staff learning and developmentwithin the organisation. The t6am were well prepared, trained and experienced to slap into new positions. ¢tsnlinuing their own professional developmènt and crèating room for naw recruits. Specifically, this ye8r we have.. Secured funding of £40k from Amazon through The Liverpool City Region Lewy Fund to fund 6 stsff in advanced apprenticeships in health and social care. Commissioned 8 psychologist lo carry out quarterty clinical debriets for all team members. Registered with The Real Livin9 Wage Society to ensure all staff benefrt from a fair Wa for their role.
Transforniing Choice CIO Trustse$' Annual Report Ilncorporating the Director's Roport) icontlnuedj Year onded 31 March 2025 Stsff In 2024125 Transforming choi had 28 staff members, working the equivalent of19.5 full tsme positions. 13 of our team have overcome addictions to alcohol and other $ubsl8nces and have expefience of the homeless system. Seven of our staff have been recruited after p)rnpleting the Transforming Choice detox and rehab programme. Transfomiing Choice trustees am committed to ensuring that the charity and the prlamme$ rt delivers are supported by people with lived experiènce. This is pivotal lo the success of the organisalion. Pr Mgntors All graduates of the Transforming Choice detox and rehab programme are invited to undertake peer mentor training, and to volunteer their time as peer mentors when new groups arrive. Peer mentors are an essential resour¢e and provide Ihg Staff team with much needed addition81 capacrty. Addilionalty. undertaking peer rnenlor duties Is a positive actiwly for residents who have graduated from the programrne, enabling them to continue lo build their own resilience and stability. At any one tlme. we have between 15 and 25 a¢tSve peer mentors. Peer mentors volunteer most oflheir lime during the firstlhree lo four weeks of a new programme, overall voluntear peer mentor hours during this are approximatety 4(k70 hours per week. Voluntsers Transforming Choice in addition to peer mentors have r8¢ruiled 3 volunteers lo the tsrganisalion. The voILrntèer programmè requii&s additionaj skills and hours to support the team 8nd residents. Al v(>lunteers have been through a rigorous recruitment PrO5S that includes fvll enhanced OBS disclosures. references and all training required on our staff Flexibee portal and 6 monthly supervisions. Flnan¢lal rèvlgw Total income for the year was £754,851. Total expenditure for the year was £815,542, resulting in a deficit for the year of £60.691, which ha5 been in line with trustees. expectations. Al 31 Mard7 2025 the charitable incorpoTaled organisalion's reseNes stood 81 £238,792. of whlch £24,445 represented restricted funds. RSsk manag•m•nt The trustees have assessed the major risks lowhich the charrtable incorporated organisation is exposed and are satisfied that systems are in place to manage exposure lo those r*sks. Reserves policy It is the aim of the trustees to build reserves lo a minimum of three months operaling cosis and maintain this at all times.
Transforming Choice CIO Trustees, Annual Report {Incorporating the Directorfs Report) l¢ontifvutdJ Year ended 31 March 2025 Plans for future periods Further lo our achievements, we have also worked on the priorities sel out for the 202&2026 financial year.. Despite trying lo work with registered providers, we've not been able 10 secure any additional properties as we'd hoped to in 2021 and outlined in the 2030 plans. We will continue to explore alternative options. We havè furthèr built on our r8sarve finances, providing us with additional financial stability of 3 month5 reserve 8$ $lipul8led above. Developèd and grown the ichoose programme, which now has over 140 memters- half of whom did not access tre81menl for their addtron with Transforming Choice. Conlinu8d to deliver trauma informed treatment for people struggling with unresofved trauma. Developed the board reporting and rnember5hip with a newty appointed TTUSlee. Sumrnary 2024-2025 has been a year of change for Transforrning Choice., whilst al ts'rnes this has felt uncertain, we have Continued to make positive strides towards growing the charity to enable us to meet growing dernand for our SerVe$. Transfoming Choice hav8 proudty pioneered uniquè approaches to worknng with trauma and addictions. This work has beme increasingly important over the past few years in I which we have seen an unprecedented increase in alcohol related death5 and demand for alcdhol and substance services from people battling addictions. We will continue lo grow, test and develop new iniliabves th81 will allow us lo extend our reach and impact. The trustees, annual report and Ihe strategic report were approved on . on behalf ol t board of trustees by.. and signed Sirm edley Trustee Mr PJ Mor Tru51ee
Transforming Choice CIO Independent Examiner's Report to the Trusteos of Transforniing Choice CIO Year ended 31 March 2025 I report lo the trustees on my exarninalion of the financial statements of Transforming Choice CIO Clhe, charity'l for the year ended 31 Mareth 2025. Respon$lbilitie¥ and ba$1$ of report As the trustees of the Company land also ils directors lor the purposes of o)mpany lawl you are responsible for the preparation of the finanrjal statements in accordance with th8 requirements of the Companies Act 2CKJ6 Ilhe 2006 ACVI. Having Satisfied myseKlhat the accounts of the company are not reqUId lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examin*'on of the charity's accounts as carried out under section 145 01 thè Charitiès A¢t 2011 I'the 2011 Acl'l. In carrying out my examination I have lollowed the Directions given by the Charity Commission under section 1451511bl of the 2011 A¢t. Ind8pendent examin•rfs statgm8nt Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listèd in section 145 of the 2011 Act. I confirm that l am qLtalffied to undèrtake the examination be¢avse l am a mèmber of th& Institute of Chartered Accounlanls in England and Wales IICAEWJ. which is one ofthe listed bodies. I have completed my examination. I confirm that no matters have ¢ome to my attention in connection the examination giving me cause lo believe.. aoUntIng records vlerg not kept In SpeCt of the charity as requirèd by section 386 of the 2006 A¢t,' or the finanual statements do not accord with thosè records., tsr the financial slalements do not comply wf(h the accounting requirements ot section 396 of the 2006 Act other than any requirement that the accounts giv8 a'true and fairf view whith Is not a matter considered as part of an independent èxamination., or Ihe financial statents have not been piepared in accordance with thè mèthods an principles of the Statement of Recommended Practice for accounting ar reporl'ng by charitiès applicablè to charitias preparing their a¢¢¢unl$ in 8ccoidance 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 rnatters in connection with the examination to whi¢h attention shoul¢J bg drawn in this report in order to enable a proper understanding of the accounts lo be reached. Giles Mattocks FCA Independent Exarniner 18 Mulbeiry Avenue Tumslone Business Park Widnes Cheshire WA8 OWN 30/412r
Transfomiing Choice CIO Statement of Financial Activities Ilncluding incoma and expenditure account) Year ended 31 March 2025 2025 Restricted funds Totsl fund¥ Total lund5 2024 unrestrted funds Incom• and ondowmonts Donations and lÈga¢ies Charitable activitie5 9.034 72Q.817 25.000 34,034 720.817 104,8SO 685,645 Total incom• 729.851 25,000 754,851 790,495 Exp•ndltuY• Expend*ure on charflable acliwlies Total •xpendlturo 752,454 63.088 815,542 870,218 752,454 83,088 815,542 870,218 N•t gxp•ndlture •nd n•t mov•ment In funds {22,603} (38,0881 160.6911 179,7231 R•conclllatlon of funds Total funds brought forward Total funds carTSed fopward 236,950 62,533 299.483 379,206 214,347 24,445 238.792 299,483 The stslemenl of financial activities Includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The nots8 on pag8$ 11 to 20 form part ofthe¥g finan¢lal statoments.
Transfonning Choice CIO Statement of Financial Position 31 March 2025 2025 2024 Not• Flxèd ass•ts T8ngible fixed assets 12 2,583 58,529 Cuffent a8$ets Debtors Cash al bank and in hand 13 1,710 196,556 5,854 746,669 252.523 198,266 Creditors: amounts falllng due wlthSn on¢ y•ar N•t currnnt assgts 14 22,057 11.569 176,209 240,954 Total ass•ts I& eurr•nt Ilabllltl 238,792 299,483 Net •¥sets 238,792 299.483 Funds ofth• charfty Restn¢teil funds Unrestricted fund5 24.445 214.347 62,533 236.950 Total charity funds 16 238,792 299,483 For the year ending 31 Mafch 2025 the charty was enlrtled to exemption from aud*t under secdon 477 of the Cornpanies Act 2006 relating to srnall companies. Directors, responsibilf(ies'. The members have not required the Company lo obtain an audf( of its financial statements for the year in question in accordance with section 476., The directors acknowlgdge Iheir responsibililles foru)mplying with the requirements of the Actwith re$pe¢t lo a¢¢ounling records and the preparation of financial statements. These financial statements hav8 bèan prèpared in actx)rd#nce with the provisions applicable to companies subject lo the sm811 Compan$, regime. e financial statements were approved by the board of trustees and 8Uthorised ftsr issue on and ar& signed on bèhalf of the board edley Èe r PJ Morris Trustee The note8 on pages 11 to 20 form part ofth¢s• fintynrlal 5tatsmonts.
Transforming Choice CIO Statemant of Cash Floy Year ended 31 March 2025 2025 2024 Cash flows from opernting activiti•s Net exponditure 160,691) 179.723) Adjustments for.. Depreciation of tsngible fixed a55els Accrued expenses 10,628 8,440 6.956 7,027 Changes in.. Trade and other debtors Trade and other credrtors 4,144 4.048 50,012 19441 116,6721 116.6721 Cash generated from operat4ons Nel cash used in operating adlye$ {35,4311 (35,431) Cash flows from investing actlvitles Purchase of tangible assets Nel cash used in inveslrng activities 114,6821 {14,6821 (59,5081 159,5061 Not decrease in cash and cash èqulval•nts Ca$h and cash gqulvalants at beginning of y•ar C¥$h and ¢a$h equivalents at end of year 150,113} 246,669 176,1781 322,847 196,556 248,669 Tho notes on paw 11 to 20 fomi part ofth#s• tlnancial statemenls. 10
Transforming Choice CIO Notes to the Flnanclal Statements Year ended 31 March 2025 General infonnation The charty is a public benefit entity and a charitable incorporated organisation, registered in England and Wales and a reglstered charity In England and Wales. The address of the registered office 1$ 30 Aigburth Drive. Liverpool, L17 4JH. Statemont of compllancè These financial statements have been prepad in compliance with FRS 102, The Fina101 Reporting Standard applicable in the UK and the Republic of Ireland,, the Slalemenl of Recommended Practice applicable lo charrties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 102)) and the Companies Act 2006. Accounting policies Cash and cash equlvalents Cash and $h equivalents indude cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Basls of preparation The financial stslements have been prepared on the historical cost basts. as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial ststements are prepared in Sterling, which is the functional currency of the enlty. Basic financlal as8•ls Basic financial assets. which include debtors and cash and bank balances, are initially measured al transaction price including transaction costs and are subsequently carried al amortised cost uslng the effective interest method unless the arrangement conslitules a financing transaction, where the transaction is measured at the present value of the futu receipt5 discounted at a market rate of interest. Financk41 assets classified as receivable within one year are not amortised. Golng conGom Ai the time of approving the accounts, the trustees have a reasonable expectation that the Charilable Incorporated Organisalion has adequate resources to continue in operational existence for the foreseeable future. The trustees are confident that the levels of liquidity and free reserves will not affect the Charitable Incorporated Organisalron operations. Thus, the trustees ¢ontinue to adopt the going concern basis. Basic financlal IlabllitiOS Basic financial liabilities, including creditors and bank loans are initially recognised al transaction price unless the arrangement conslilutes a financing transaction. Ytheffj the debt instrument 1$ measured at the present value of the future receipts discounted al a market rate of interest. Financial Ilabilities dassrfied as payable within one year are not amortised. Debt instruments are subsequently carried at amortised ¢ost, using the effective interest rate method. 11
Transforming Choice CIO Notss to the Financial Statèmènts {nIno) Year ended 31 March 2025 Accounting policie¥ l¢ontlnu•d) Derecognition of flnancial liabilities Financial liabilities are derecognised when the charity's contractual obllgatlons expire or are discharged or cancg11gd. Judg¢m•nts and koy sources of estimation unc•rtainty In the application of the charity's accounting policies, the trustees are required to make judgements, ests'mates and a55umplions about the carying amount of assets and liabili1S that are not readily apparent from other sources. the estimates and associated assumptions 8re based on historical experience and other factors that are considered to be relevant. Actual resutts May dlffei from these estimates. The estimates and underlying assurnplions are reviewed on an on-going basis. Revisions to 8c¢ounting estimates are recognised in the period in which the estimate 1$ revised where the. revision affects onty that period. or in the period of the revision and fulufe periods where the revision affe¢l$ both currenl and fuluTe periods. All èxpenditure is accounted for on an accruals basis. All expenses, induding support costs and goveman¢e costs. are allocated or apportioned to the applicable expenditure headings in the Stalernenl of Financial Activibes. Supwrt and govemance costs are applied lo unreslricled funds unless specifically included in the restrictions, as specified by the donor. Cost of th8rilablè activities relate lo the 0ration of the charity comprising ijirect charitable expenditure lo meet the objeclives of Ihe charity. Support and governance costs relate lo the managernenl and oper8tion of the organisalion and also compliance wrth constitutional and statutory requirements in producing the annual report. These are dealt with in the Statement of Fin8n¢ial Activtbes when payment has bèèn approved by the charity. Income tax Income and gains are exempl from tsxatlon as they are received applied for charitable purposes only. The Charitable Incorporaled Organi5alion b&nefits from vario¢Js exemptions from taxation afforded by tax legislation and is not liable lo corporation tax on income or gains falling within those exemptions. The Charf(able Incorporated Organisation is not able lo recover Value Added Tax. Expendilurg is recorded in Ihe accounts inclusive of VAT. Fund accounting Unrestricted fvnds are the Charitable Incorporated Organisation's free reserves available for the trustees lo appty in 8¢cordance wrth the charitable objects. Reslii¢ted funds are subject lo spe¢ifi¢ restn'¢tive conditions imposed by the donor. All restricted. funds are aeeounted for as restricted income. and expenditure for the purptsses is Charged to the fijnd. 12
Transformlng Cholce CIO Notes to tho Flnanclal Statements l¢onfinuedJ Year ended 31 March 2025 Accountlng pollcles icontlnueoy Incoming resources All in¢ome is rècognised once thè Charitablè Incorpor*ed Organisalion has enlitlemenl lo the income, there is sufficient certainty of receipt and so rt is probable that the incorne will be received, and the amount of income can be measured reliabty. Donations and legacies comprise donations which are recognised in the accounts when received, with the exception of known legacies which are accounted for whèn thèir receipt is certain. Income from charitable ath"vities is recogni5ed on an accruals basis, except for grants receivable, which are recognised on the date on which their unconditional payment is confirrned by the donor. Resourc expended Liabilities arg recognisad as soon as thera is a legal or constructive obligation commith'ng Ihg Charitablè Incorporated Organrsation to that expènditure, il is probablè that settlemènt will be required, and the amount of the obligation be measured reliabty. All oxpenditure 1$ accountèd for an an accruals basis. All expenses, Snduding support costs and goveinance ¢ost$, are allo¢ated or apportioned to the applicable expendituro hèadings in the stalernenl of Financial A¢tivitres. Support and govem8nce costs are applied lo unresliicted funds unless specifically included in the restrictions, a5 speciffied by the donor. Expènditure on chartt8ble actiVe$ le lo the operatlon of the charity comprlsing direct charitable expenditure lo meet the objective of the Charitable Incorporated Organisalion. Support and governance costs relate to the management and operation of the Organisation and also compliance with constitutional and statutory requirements in producing the annual report. These are deart wrth in the Slalemenl of Financial A¢tivthes when payment has been approved by the charity. Tanglblè asséts Tangible assets are initially recorded al cost, and subsequently stated at CO81 less any accurnulaled depreciation and irnpaimient losses. Any tangible a55els carried al revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accuMuted depreciation and subsequent accumulaled impaimient losses. Depreciation Capital expenditure of £200 and above 15 Irealed as a ffxed asset and depreciation is calculated so as to write off the cost or valuatson of an asset, less ils residual value, over the uselul economic life of that asset as follows-. Freehold property Fixtures and fitlings Equipment 15% stralght Ilne 250A slraighl line 25°A straight line 13
Transforming Choice CIO Notes to the Flnanclal Statements {¢onthued) Year ended 31 March 2025 Accounting policies l¢ontlnuedJ Impoimi•nt of fix•d ass•t8 A review for indicator5 of impaimieAt is c4rrTed out al e8¢h reporting date, with the recoverable 8mount being estimated where such indicators exist. Where the carrying value eyeeeds the recoverable amount, the asset is impaired accordingly. Prior impairnienls are also reviewed for possible reversal al each reporting date. For the purposes of impaimient testing, when rt is not possible to estimate the recoverable amount of an ndividual asset. an e$timate is made of the recoverable amount of the cash-generating unit lo which the asset belongs. The c8sh-generatiny unit is the smallest identifiable group of assets Ihat includes the asset and generates cash inllows that largely independent of the cash inflows from olhar assets or groups of assets. For irnpairmenl le51ing of goodwill, the goodwill acquired in a business combination is, from the, acquisition date, allocated lo each of the c8sh-generaling units that are expoded to benefrt from,, the synergies of Ihg combination. irrespeclive of whether other assets or liabilities of tho charity are assuned to those units. Flnanclal Instruments The charity has elected to appty the promsions of Section 11 'Basic Financial Instwmenls. and Section 12 '0ther Financial In51rumènls Issues, of FRS 102 to all of ts financial instrumenls. Financial instruments ar9 recognised in the charty's balance sheet when the charity becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amount5 presented in the finan¢ial Slalernenls. when there is a legalty enforceable right to set off the recognised amounts and Ihefe is an inlention to settle on a nat basis or to realise the asset and settle the liabilty simultsneously. D8flngd contribution plans Contributions lo defined contribution plans arg re¢ognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepaymant will lead to a reduction in future payments or a cash refund. When contributions are not expected to ba sèttlèd wholly wtthin 12 monlhs of the end of the reporting date in which the employee5 render the related seN¢e. the liabilty is measured on discounted pr6sent value basis. The unwinding of the di5cx)unl Is recognistsd as an expense in the period in which il arises. Dona05 and l•gacies Unrestricted Fund$ Restricted Total Funds Funds 2025 Donations Donations 9,034 9,034 14
Transforming Choice CIO Notes to the Financial Statomonts Icontsnueo) Year énded 31 March 2025 Donations and legacle8 l¢onthu•d) Uniostricted Funds RgStri¢led Total Fundts Funds 2025 Grants Garfeld Weston Foundation National Lottery Fund- Rèaching Communit*5 Steve Morgan Foundation (Garden) 25.OlJO 25,000 9,034 25,OOD 34,034 Unrestrict9d Funds R&slri¢ted Total Funds Funds 2024 Donations Donations 5,350 5,350 Grnnts Garfield Weston Foundation National Lottery Fund- Reaching Communities Steve Morgan Foundation (Garden) 84.OCM) 15.5 84,000 15,500 5.350 99,500 104,850 Charitsble activities Unrestricted Total Funds Unrestrided Total Funds Funds 2025 Funds 2024 C8re income Service and contract income Rent Student placements 62,295 322,518 334.884 1,120 62.295 322,518 334,884 1,120 46,886 322,510 313,449 2.800 46,886 322,510 313.449 2,800 720,817 720,817 685,645 685,645 15
Transforming Choice CIO Notes to the Financial Statements (cLU¥d) Year ended 31 March 2025 Exp•ndlture on ¢horitabJe activities by fund typ• Unrèstricted Restricted Total Funds Funds Funds 2025 Direct chafltable activities Suppyjrt costs 748,044 4.410 63,088 811.132 4,410 752,454 63,088 815,542 Unrestricted Resliicted Total Funds Funds Funds 2024 Direct charitable activities Support costs 783,803 3,540 82,875 866,678 3,540 787.343 82,875 870,218 Expenditure on charFtable actlvltles by activty type Activities undertaken directly Support Total lund$ costs 2025 Total fund 2024 DI¢t charitable acliwties GoveTnance costs 811,132 811,132 4,410 866,678 3.540 4,410 811,132 4,410 815,542 870,218 Not gxpgnditur• Net expenditure is slatèd after chargingllcredilingl.. 2025 2024 Depreciation of tsngible fixed assets 10,628 6,956 Indep•nd•nt èxamlnatFon fg 2025 2024 Fees payable to the independent examiner for.. Independent examination of thè financial 51alernents 1,250 1,250 16
Transforming Choice CIO Notes to the Flnanclal Statements (Conllnuedj Year ended 31 March 2025 10. Staff costs The lotsl staff ¢osts and employee benefiis for th8 reporting period are analysed as follows-. 202S 2024 Wages and salaries Social security costs Employer contributions to penSn plans 521,320 39,432 10.191 577,528 41,808 10.726 570,943 630.C62 The average head count of employeès during the year was 2812024.. 381. Th9 average number of full-time equivalent employees during Ihe year is analysed as follows.. 2025 No. 2024 No. Number of staff 2Q 20 The number of employee8 whose remuneration lor the year fell wrthin the following bands, wère". 2026 2024 No. No. £60,000 10 £89,999 11. Trustee remuneratlon and exp8ns•s No remuneration or other beneffts from ernployment with the charity or a related entity wer8 received by the trustees. 12. Tanylbl• ffx•d a¥$•ts Freehold Fixtures and propety fittings Equipment Total Cost Al 1 April 2024 Additions 59.506 11,538 71.044 14.682 14,682 At 31 March 2026 59,5C6 11,538 14,682 85,726 Deprèclatlon At 1 April 2024 Charge for the year At 31 March 2025 3,967 3,967 8.548 2.990 12,5lS 10,628 3,871 7.934 11.538 3,671 23,143 Carrying amount At 31 March 2025 51.572 11,011 62.583 At 31 March 2024 55,539 2,990 58.529 13. Debtorn 2025 2024 Trade dèbtors 1,710 5,854 17
Transfomiing Choice CIO Notès to thè Financial Statsments (conllnuedj Year ended 31 March 2025 14. Crnditoys: amounts falllng duè wlthln on• ar 2026 2024 Trade crèditors Accruals and deferred income 4,575 17,482 527 11,042 22,057 11,569 IS. Panslons and othor post rgtirnm8nt benefits Oefined contribution plans The amount recogni5ed in incorne or expenditure as an exFense in relation lo defined contribution plans was £10,191 12024.. £10,726}. 16. Analysls of charitsble lunds Unre¥trf¢t¢d fund$ At 1 April 2024 At 31 March 202S Income Expenditure un$trI&d funds- General funds 236,950 729.851 1752,454) 214,347 Al 1 April 2023 At 31 March 2024 Income Expenditure Unrestricted fund$- General lunds 333,298 690,995 1787,3431 236,950 Rèstrlet•d funds Al 1 April 2024 At 31 March 2025 Income Expenditure Restricted Funds 62,533 25,000 163,0881 24,445 Al 1 April 2023 Al 31 March 2024 Income Expenditure Restrictèd Funds 45,908 99,500 182,875} 62,533 18
Transforniing Choice CIO Notes to the Flnanclal Statements (¢onUnu Year ended 31 March 2025 16. Analysis of charitsble fund$ l¢ontlnuedJ These are monies gNen to the charitable incorporated organisation to bè spent at the discretion of the Board of Trustees for specrfic charttable purposes. as follows.. Garfield We¥ton Foundation Contribution towards core c£Jsts Nallonal Lottery Fund. ReachSng Communlties Contribution towards staff salary cnsts and core costs stèvo Morgan Foundation {Gardenl Contribution towards the garden project. 17. Analysis of net a¥sets betw¢en fvnd$ Unreslrscted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Ntrt as$•ts 38,138 198.266 (22.0571 214.347 24,445 62,583 198,266 122,05n 238,792 24,445 Unro$lrided Funds R&strted Total Funds Funds 2024 Tangible fixed a$$ets Current assets Creditors less than 1 year Not assets 42,108 20S.411 (11,569} 236,950 16,421 46,112 58.529 252.523 111,5691 299,483 62,533 18. Financial in$trum•nts The charity has elected to apply the provisions of se¢t1 11 'Ba$i¢ Financial Instruments. and Section 12'0theT Financial Instruments Issues. of FRS 102 to all of its finan¢ial instwmenls. Financial instruments are recognised in the charitys balance shget when the charity becornes party to Ihg contractual provisions of the inslrurnenl. Financial liabilitie5 are derecognised when the charitys contradual obligatsons expire or are discharged or cancelled. 19. Analysls of chang•8 In n•t d•bt At Al 1 Apr 2024 Cash flows 31 M•r 2025 Cash at bank and in hand 246.669 150,113) 196.556 19
Transforming Choice CIO Notes to thè Financial Statements (cortlinuettl Year ended 31 March 2025 20. Othèr flnaneial ¢ommitments The Charitable IncorrK)rated Organisation held a lease dated 2017 for five years at a premis8S owned by Liverpool City Council, under the tèrms of which an annual peppercorn rent could be demanded. The charitable incorporatèd organisalion is currently in negth'alion with Liverpool City Council regarding the lease agreement. 21. Rlted partles Dr F H8rgaVes, a Iru51ee. was paid £1,600 for clinical support on a SeMployed basis during the year lo 31 March 2025. 20
Transforming Choice CIO Managoment Infomiation Year ènded 31 March 202S The followlng pagos do not fomi part of the financlal $tstom•nts. 21
Transforming Choice CIO D6tailed Statement of Flnancial Activities Year ended 31 March 2025 2025 2024 In¢om• and endowménts Donation$ and legaci¢$ Donations Garfield Weston Foundation National Lottery Fund- Reaching Communities Steve Morgan Foundation (Garden) 9.034 25,000 5,350 84,000 15,50Q 34,034 104.850 Charitable activiti Care In¢ome se7 and Contract income Rent Sludenl placements 62,295 322.518 334,884 1,120 46.886 322,510 313.449 2,800 720,817 68S,645 Totsl Income 754,851 790,495 22
Transforming Choice CIO Detailod Statemont of Financlal Activltlos Iconllnuedl Year ended 31 March 2025 2025 2024 Expenditure Expenditure on ¢haritable actlvities Wages and salarie$ Employerfs NIC Pension costs Rent Rates and water Light and heat Repairs and maintenance Insurance Other rnolorAravel costs Legal and professional fees Telephone Depre¢iation Activities Clinical support Health and safety Cleaning Computer support Food and drink Stationery and posiage Volunteer expenses TV Licence and Neffiix Consultancy fees Dnjg testing kits DBS feés Subscriptions Pest control Training Bank charges Advertising and marketing Unrecoverablè debt 521,320 39,432 10.191 2,432 6,376 38,468 30.825 20.449 5.241 23,996 3,153 10,628 5,084 6.958 1,642 3,294 11,753 21,344 2,041 1,761 170 577,528 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 2,643 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 17,500 870.218 5,702 600 12,050 720 9,110 530 8.451 815.542 Total •xpenditur• 815.542 870.218 Net exp•ndlturn 160.8911 179,7231 23
Transforming Cholce CIO Notes to the Detailod Ststsmont of Financial A¢tivitie8 Year ended 31 March 2025 2025 2024 Expendlture on charitsbl¢ actlvitles Dirnct charitabl• activities Activitiès undertakert directly Staff wages Employers NIC Pension Room hire Rate5 and water Light and he* Repairs and maintenance Insurance Motor and travel c051s Professional fees Telephone and inlémet Depreuation Activities Clinical support Health and safely Cleaning Computer support Food and drink Stationery and postage Volunteer expenses TV Licen¢9 and Nefflix Consultancy fees Drug testiro ktts DBS faes Subscriptions Pest control Training Bank charges Advertising and mark$ting Unrecoverable debt 521,320 39,432 10,191 2,432 6,376 38,468 30,825 20,449 5,241 19.586 3,153 10,628 5,084 6,958 1.642 3,294 11.753 21.344 2.041 1,761 170 11.621 5,702 800 12,050 720 9,110 530 8,451 877.528 41.808 10,726 4,149 5,951 56.569 24,653 16,494 4.083 9,542 2,977 6,958 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,SCKI 811,132 866,678 Governan¢• costs Accountancy fees 4,410 3,540 Expenditure on charitabl• activibès 815,542 870,218 24