## **COMPILATION REPORT**
We have examined the Accounts on pages 1 to 2 according to Accounting Principles of unaudited Financial Statements.
We report that the accompanying Financial Statements have been compiled from records kept by the church and information supplied by the Trustees.
We have not audited the Accounts and accordingly, do not express an opinion or any other form of assurance.
In our opinion, the Trustee is entitled under the Companies’ Act 2006 to dispense with a statutory audit of the accompanying Accounts.
okingsley **KOFAL Associates** 1 November
2022
## Page 4 **DIRECTOR’S REPORT**
The principal activities of **Transformation Arena Ltd** is the provision of an extensive range of spiritual and religious charitable service and it intends to do more extensively as we move away from the effect of covid.
It is the Trustees’ responsibility to ensure that Financial Statements prepared give a true and fair view of the state of affairs of the church as at the end of the Financial year, and the surplus/deficit for the year; that adequate accounting records have been maintained; and that church assets have been safeguarded; and in addition, reasonable and prudent judgements and estimates have been used in the preparation of the Accounts.
_George O Geo-Obarogie_
**Trustee** 1 November 2022
Page 5
## **TRUSTEE’S STATEMENT**
For the year ended 30 April 2022, Transformation Arena Ltd was entitled to exemption from audit under section 477 of the Companies Act 2006.
The trustees have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees’ acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
_George O Geo-Obarogie_
**Trustee** 1 November 2022
Page 3
## **TRANSFORMATION ARENA**
**----- Start of picture text -----**
Income & expenditure for the year ended 30 April 2022
2022 2022
£ £
INCOME
Tithe & Offering 32,749
Others
32,749
EXPENDITURE
Rent & Rates 13,200
Expenses Refunded 1,951
Travel 2,253
Admin expenses 2,200
Telephone 1,049
Professional fees 450
Church Outreach Programme 7,350
Love Offering
Departmental Costs
Maintenance 1,995
Stationery / Printing 864
Bank Charges
Depreciation 360
-
31,672
Surplus / (Deficit) 1,077
**----- End of picture text -----**
Page 1
## **TRANSFORMATION ARENA**
|**1. Movement of Assets**
**Cost**
At 1 May 2021
Additions
Disposal
**Depreciation**
Charge for the year*
**Net Book Value**
At 30 April 2022|**2022**
**2022**
**Fixtures/Fittings**
**Equipment**
**TOTAL**
**£**
**£**
**£**
1960
2000
3960
1960
2000
3960
353
360
713
353
360
713
1607
1640
3247|
|---|---|
## **2. Income & exp. Account**
|At 01 May 2021
Donation
Surplus for the year
**At 30 April 2022**|**£**
0
0
1077
**1077**|
|---|---|
Page 4