CHARITY COMMISSION FOR ENGLAND AND WALES CHARITY COMMISSION FOR ENGLAND ANO WALES Trustees, Annual Report for the period From: 1811112021 To: 3111212022 Charity name: Transfomiation Sanctuary International Charity registration number: 1196653 Objectives and Activities SORP rtftrie Summary of the purposes of the charity as sel OLrt in its governing document Pa(a 1.17 To advance the Christian faith in 8c¢ordan¢e with the charity's slalemenl of beliefs in London, other parts of the United Kingdom and the world. This is done through holding of prayer meetings, lectures, public celebration of religious festivals, pastoral care, outreach and missiona wot1(. Transfomiation Sanctuary held regular weekly services within the period as part of its mission to advance the Christian faith. Donations were also made to the food bank and other charities who support vulnerable families. Summary of the main activities in relation lo those purposes for the public benefit, in particular. Ihe aclivilies, projects or services identified in Ihe accounts. Sialemenl confirniing whether the Iruslees have had regard lo the guidance issued by the Charity Commission on public benefit P81• 1.17 a1 1.19 Par•1.16 The Trustees have had regard to the guidance issued by the Charity Commission on public benefit. Additional information {optionall You ma choose lo include further statements where relevant about.. SORP releren Policy on grant making Para 1.38 Policy on social Investment irbcluding program related investment Para 1.38 Contribution made by volunteers Pat3 1.38 Other
Achievements and Perforniance SORP reference Summary of the main achievements of the charity, identifying the difference the charity's work has made to the circumstances of ils beneficiaries and any wider benefits lo society as a whole. The main achievement of the charity has been its ability to continue to fulfil its objectives despite the negative impact of Covid. Regular events have continued even though the charity has seen a reduction in its volunteers. Another achievement has been the provision of emotional support to members who have experienced all manners of challenges. Para 120 Additional information {optionall You ma choose lo include further statements where relevant about.. Achievements against The charity has been able to continue to objectives sel fulfil ils objectives and made donations to the local food bank and another local charity helping vulnerable families. Porn 1.41 Perfomiance of fundraising activities against objectives sel All funds have been raised through the regular giving of volunteers. No fundraising evenls have laken place. Para 1.41 Investment performance against objectives The income ofthe charity has not been invested in any investment vehicle. Para 1.41 Other
Financial Review Review of the chanty's financial posrtion at the end of the eriod Statement explaining the policy for holding reseeS slating why they are held Para 1_21 The charity's financial position has remained stable despite the challenge of reduction in volunteers. The charity has a policy for holding reseNes. This is 5¥0 of the total income of the charity and rt is held for emergencies such as paymenl of rent to the landlord of the facility used by the charity should there be a sudden drop in contributions made by volunteers. The current reseNes stands at £1,050 as at the end of December 2022. The charty holds an amount in reserve. PaR 1.22 Amount of reserves held Para 1.22 Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concem Para 1_22 Pa 1.24 Nol applicable Para 123 The number of volunteers of the charity has not grown as expected and some of the regular members have moved on. This is an ongoing concern as fewer volunteers will reduce the financial strength of the chari Additional inforniation {optionall You ma choose lo include further statements where relevant about.. The charity's principal The charty's principal sources are sources of funds lincluding voluntary contributions made by volunteers. any fundraising) The charty does not conduct any special fundraisin events. The charity is not investing any of its finances in an investment vehicle. P8rn 1.47 Investment policy and objectives including any social investment policy adopted Parn 1.48 A description of the principal risks facing the charity The principal risk facing the charity is a reduction in its finances and its inability to fulfil its objectives due to a reduction in the number of volunteers. Para 1.46 Other
Structure, Governance and Management Description of chanty's Irusls.. Type of goveming document Para 1.25 The charity has adopted a CIO document How is the chanty consliluled? Para 1.25 The charity has a CIO constitution Joraled Trustee selection methods including details of any conslilulional provisions e.g. election lo post or name of any person or body enlilled lo appoint one or more Iruslees Para 1.25 The chanty has 5 first charity tnjstees. They are pemianent trustees of the charity. Additional information {optionall You ma choose lo include further slalements where relevant about.. Policies and procedures adopted for the induction and training of InJslee$ P¥r8 1.51 The charity's organisational structure and any wider network with which Ihe charity works Par• 1.51 Relationship wrth any related parties Para 1.51 Other Reference and Administrative details Charil name Other name the cha ses Re islered chari number Charity's principal address Transformation Sanctua Intemational The Royal Youth Centre Viking Way, Opposite Tesco Superstore Rainham. RM13 9YG
Names of the charity trustee$ who manage the charity Trustee name Office lif anyl Dates acted If not forwhole ear Vincent Lawal Chair Person Victoria Lawal Secretary l Treasurer Adedapo Oke Sola Oke Robert Okechukwu 10 11 12 13 14 15 16 17 18 19 20 Cor rate trustees- names of the directors at the date the re Dlrtsctor name rtwasa roved Name of trustees holding title to propety belonging to the charity Trustee name Dates acted rf not for whole ear
Funds held as custodian trustees on behalf of others Descriplioll of the assets held in this capacty Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Additional information {optionall Name$ and addresses of advlsers Ioptlonal information} o of adviser Name Name of chief executive or names of senior staff members (Optional inforniationl Exemptions from disclosure Reason for non4isclosure of ke rsonnel details Other o tional infomiation
Declarations The trustees declare that thèy havo approved the trustees, report abovo. S5gned on hlf of the charlty's tru$teo8 Signaturelsl Full narnelsl Victoria Lawal Po$Stlon leg Socrrfary. Chalr. etcl Swela Date 0911012023
Transformation Sanctuary International
Registration no. 1196653
Report of the Director and Unaudited Financial Statements
Period of Accounts - 18 November 2021 31 December 2022
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Transformation Sanctuary International
| Contents of the | ||
|---|---|---|
| financial statements for theyear ended | 31 December 2022 | |
| Business Information | 3 | |
| Accountants' Report | 4 | |
| Statement of Financial Activities | 5 | |
| Statement of Financial Position | 6 | |
| Notes To Financial Statements | 7 |
Transformation Sanctuary International
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31 December 2022
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Company Information
Director: Vincent Babatunde Lawal
Company Secretary: Victoria Abiola Lawal
Registered Office Address: 67 Frederick Road
Rainham
Essex
RM13 8NS
Company registration number: 1196653 (England and Wales)
UTR
HPL Accountancy Ref: CH-002
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Transformation Sanctuary International
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Accountants' report to the trustees of Transformation Sanctuary International
You have acknowledged on the balance sheet, your responsibilities for ensuring that the company keeps accounting records which comply with the Companies Act 2008, for preparing accounts which give a true and fair view of the state of affairs of the company and of its profit or loss for the financial year ended 31 December 2022
You also consider that the company is exempt from an audit.
In accordance with instructions given to us we have compiled, without carrying out an audit, these unaudited financial statements which comprise the Profit & Loss Account, the Balance Sheet and related notes from the accounting records of the company on the basis of the information and explanations you have given to us .
HPL Accountancy Services
Association of Accounting Technicians, ACCA
12 October 2023
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Transformation Sanctuary International
Statement of Financial Activities
for the year ended 31 December 2022
| 2022 Restricted Unrestricted NOTES Funds Funds £ £ £ £ Income Total Expenditure Total Net income / (expenditure) before investment gains/ (losses) Net income / (expenditure) Other recognised gains / (losses) Net movement in funds Reconciliation of funds: Total funds carried forward Donations and legacies 1,630 19,352 Charitable activities - - Other trading activities - - Investments - - Material item of income - - Other - - - - 1,630 19,352 Raising funds - - Charitable activities (4,328) (12,284) Material item of expense - - Other - - (4,328) (12,284) (2,698) 7,068 Net gains / (losses) on investments - - (2,698) 7,068 Extraordinary items - - Transfer between funds - - - - (2,698) 7,068 Total funds brought forward - 0 (2,698) 7,068 |
2022 | 2022 | 2022 | |
|---|---|---|---|---|
| Total £ 20,982 - - - - - - |
||||
| 1,630 - (4,328) - - (4,328) (2,698) - (2,698) - - - (2,698) - (2,698) |
19,352 - (12,284) - - (12,284) 7,068 - 7,068 - - - 7,068 0 7,068 |
20,982 - (16,611) - - |
||
| (16,611) | ||||
| 4,371 | ||||
| - | ||||
| 4,371 | ||||
| - - - |
||||
| 4,371 | ||||
| 0 | ||||
| 4,371 |
P4•1 •nc• ip•l TOTAL ASSET¥ As••fv 2Y)J I?5) 73 X•73 TOTAL A35ETS LESS CURftfllT LIABKmE3 375 for Ilabll 16203 15203 TOTAL NFT •SSETS OR UABILMES FUNDS OF ThE CIIARrrY R(sLritted fu$ Unre fur* 15203 15.203 1S203 TOTAL FUNDS )ID)ltsJ3 D•t• of•p4. I IQ
Transformation Sanctuary International
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Notes to the financial statements for the year ended 31 December 2022
1 ACCOUNTING POLICIES
Basis of accounting
These financial statements have been prepared in accordance with the historical cost convention. The principal accounting policies adopted within that convention, are set out below:
Going Concern
The financial statements have been prepared on the going concern basis which assumes that
the business will continue in operational existence for the foreseeable future.
2 CASH/ BANK & VOUCHERS
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2022
£ £
As at 1 January
Current Account 18,398
Savings Account -
Additions 18398
Current Account 20982
Savings Account 0
Disposal 20982
Current Account 16342
Savings Account 0
As at 31 December 16342
Current Account 23038
Savings Account 0
23038
3 Reserves
2022
£ £
As at 1 January 10832
Additions 4371
Disposal 0
As at 31 December 15203
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Current liabilities
Other current liabilities is made up of loans given to the company by its members
| 2022 | ||
|---|---|---|
| £ | £ | |
| Trustees' loan | 6985 | |
| Accountancy | 850 | |
| Closing balance | 7835 |
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Transformation Sanctuary International
Notes to the financial statements for the year ended 31 December 2022
| Transformation Sanctuary International Notes to the financial statements for theyear ended 31 December 2022 Page 8 |
Transformation Sanctuary International Notes to the financial statements for theyear ended 31 December 2022 Page 8 |
Transformation Sanctuary International Notes to the financial statements for theyear ended 31 December 2022 Page 8 |
|---|---|---|
| Income statement analysis Restricted Unrestricted 2022 Funds Funds 5 £ £ £ £ £ Incoming resources Resources expended Surplus/(Deficit) Tithe 0 14,269 14,269 Offering 0 5,083 5,083 Donations towards Outreach to the homeless 1,630 0 1,630 1,630 19,352 20,982 Church programs/ events 0 (224) (224) Premises 0 (6,019) (6,019) Accountancy fee 0 (850) (850) Advertising and Marketing 0 (355) (355) Equipment 0 (2,796) (2,796) Telephone & Internet 0 (58) (58) IT & Consumables 0 (461) (461) Professional fees 0 (970) (970) Outreach programs (4,328) 0 (4,328) Repairs and maintenance 0 (528) (528) Printing, Postage and Stationeries 0 0 0 Charitable donations 0 0 0 Travel, hotel and accommodation 0 0 0 Sundries 0 (22) (22) (4,328) (12,284) (16,611) (2,698) 7,068 4,371 |
||
| Income statement analysis Restricted Unrestricted Funds Funds 5 £ £ £ £ Incoming resources Resources expended Surplus/(Deficit) Tithe 0 14,269 Offering 0 5,083 Donations towards Outreach to the homeless 1,630 0 1,630 19,352 Church programs/ events 0 (224) Premises 0 (6,019) Accountancy fee 0 (850) Advertising and Marketing 0 (355) Equipment 0 (2,796) Telephone & Internet 0 (58) IT & Consumables 0 (461) Professional fees 0 (970) Outreach programs (4,328) 0 Repairs and maintenance 0 (528) Printing, Postage and Stationeries 0 0 Charitable donations 0 0 Travel, hotel and accommodation 0 0 Sundries 0 (22) (4,328) (12,284) (2,698) 7,068 |
2022 £ 14,269 5,083 1,630 |
|
| 20,982 (224) (6,019) (850) (355) (2,796) (58) (461) (970) (4,328) (528) 0 0 0 (22) |
||
| (16,611) | ||
| 4,371 |