From: 01/01/2023 Period start date
To: 31/12/2023 Period end date
Charity name: Transformation Sanctuary International
Charity registration number: 1196653
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | To advance the Christian faith in 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 missionary work. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Transformation 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, Great Ormond Street Hospital and other charities who support people in need. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees have had regard to the guidance issued by the Charity Commission on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | |
| Policy on social investment including program related investment |
Para 1.38 | |
| Contribution made by volunteers |
Para 1.38 | |
| Other |
Achievements and Performance
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SORP reference
Summary of the main The main achievement of the charity has
achievements of the charity, been its ability to continue to fulfil its
identifying the difference the objectives. Regular events in person and
Para 1.20 online have continued even though the
the circumstances of its charity has seen a reduction in its
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| Achievements and Performance | Achievements and Performance | Achievements and Performance |
|---|---|---|
| SORP reference | ||
| Summary of the main achievements of the charity, identifying the difference the the circumstances of its |
Para 1.20 | The main achievement of the charity has been its ability to continue to fulfil its objectives. Regular events in person and online have continued even though the charity has seen a reduction in its |
| beneficiaries and any wider benefits to society as a whole. |
volunteers. Another achievement has been the provision of emotional support to members who have experienced all manners of challenges. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | The charity has been able to continue to fulfil its objectives and made donations to the local food bank and another local charity helping vulnerable families. |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | All funds have been raised through the regular giving of volunteers. No fundraising events have taken place. |
| Investment performance against objectives |
Para 1.41 | The income of the charity has not been invested in any investment vehicle. |
| Other |
Financial Review
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Para 1.21
financial position at the end remained stable despite the challenge of
of the period reduction in volunteers.
Statement explaining the Para 1.22 The charity has a policy for holding
policy for holding reserves reserves. This is 5% of the total income of
stating why they are held the charity and it is held for emergencies
such as payment of rent to the landlord of
the facility used by the charity should there
be a sudden drop in contributions made by
volunteers.
Amount of reserves held Para 1.22 The current reserves stands at £1,500 as at
the end of December 2023.
Reasons for holding zero Para 1.22 The charity holds an amount in reserve.
reserves
Details of fund materially in Para 1.24 Not applicable
deficit
Explanation of any Para 1.23 The number of volunteers of the charity has
uncertainties about the not grown as expected and some of the
charity continuing as a going regular members have moved on. This is
concern an ongoing concern as fewer volunteers
will reduce the financial strength of the
charity.
Additional information (optional)
You may choose to include further statements where relevant about:
sources of funds (including voluntary contributions made by volunteers.
any fundraising) The charity does not conduct any special
Para 1.47 fundraising events.
Investment policy and The charity is not investing any of its
objectives including any finances in an investment vehicle.
social investment policy
adopted Para 1.46
A description of the principal The principal risk facing the charity is a
risks facing the charity reduction in its finances and its inability to
Para 1.46 fulfil its objectives due to a reduction in the
number of volunteers.
Other
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Structure, Governance and Management
| trusts: | ||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | The charity has adopted a CIO document |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | The charity has a CIO constitution |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | The charity has 5 first charity trustees. They are permanent trustees of the charity. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
|---|---|---|
| structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
| Other |
Reference and Administrative details
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Charity name Transformation Sanctuary International
Other name the charity uses
Registered charity number
The Royal Youth Centre
Viking Way,
Opposite Tesco Superstore
Rainham, RM13 9YG
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Names of the charity trustees who manage the charity
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Nam
e of
pers
on
(or
body
Dates acted if not for whole )
Trustee name Office (if any)
year entitl
ed to
appo
int
trust
ee (if
any)
1 Vincent Lawal Chair Person
Victoria Lawal Secretary /
2
Treasurer
3 Adedapo Oke
4 Sola Oke
5 Robert Okechukwu
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
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Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian Details of arrangements for safe custody and segregation of such assets assets
Additional information (optional)
Names and addresses of advisers (Optional information)
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Type of Name Address
adviser
Name of chief executive or names of senior staff members (Optional information)
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Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations The trustees declare that they have approved the tNstses' report al)ovo. Slgned on behalf of the charity's trustses Slgnaturnls) Full namdSI Po$lllon leg SeGr¥tary, Chalr, ètc) VIorIa Lawal Secreta Dato 1810312024
Transformation Sanctuary International
Registration no. 1196653
Report of the Director and Unaudited Financial Statements
Period of Accounts - 01 January 2023 31 December 2023
Page 2
Transformation Sanctuary International
| Contents of the | ||
|---|---|---|
| financial statements for theyear ended | 31 December 2023 | |
| Business Information | 3 | |
| Accountants' Report | 4 | |
| Statement of Financial Activities | 5 | |
| Statement of Financial Position | 6 | |
| Notes To Financial Statements | 7 |
Transformation Sanctuary International
Page 3
31 December 2023
Company Information
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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
Page 4
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 2023
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
18 March 2024
Page 5
Transformation Sanctuary International
Statement of Financial Activities for the year ended 31 December 2023
| 2023 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 - 21,133 Charitable activities - - Other trading activities - - Investments - - Material item of income - - Other - - - - - 21,133 Raising funds - - Charitable activities - (19,129) Material item of expense - - Other - - - (19,129) - 2,004 Net gains / (losses) on investments - - - 2,004 Extraordinary items - - Transfer between funds - - - - - 2,004 Total funds brought forward - 15,203 - 17,207 |
2023 | 2023 | 2023 | 2022 | |
|---|---|---|---|---|---|
| Total £ 20,982 - - - - - - |
|||||
| - - - - - - - - - - - - - - - |
21,133 - (19,129) - - (19,129) 2,004 - 2,004 - - - 2,004 15,203 17,207 |
21,133 - (19,129) - - (19,129) 2,004 - 2,004 - - - 2,004 15,203 17,207 |
20,982 - (16,611) - - |
||
| (16,611) | |||||
| 4,371 | |||||
| - | |||||
| 4,371 | |||||
| - - - |
|||||
| 4,371 | |||||
| - | |||||
| 4,371 |
Pty•8 8•l•n••sJw•tr ** 31 D•ts•rnb•r2023 2023 2•22 MOTES TOTAL ASSETS CurMn¢A¥¥•ts 25912 25812 23038 25912 25817 2¥0 8.70S 17207 35 1S203 Il•t•urr•rt*s•ts 17207 17207 15203 FUNDS OF THE CHA 17207 17207 4.371 10.832 TOTAL FUNDS 17207 17207 15203 Vlncent Bab•Th L•wal Trusts• 19 Mv•h 2024 19 M•w•h 2024 Trnst••
Transformation Sanctuary International
Page 7
Notes to the financial statements for the year ended 31 December 2023
- 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
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| As at 1 January | |||||
| Current Account | 23,038 | 18,398 | |||
| Savings Account | - | - | |||
| Additions | 23038 | 18398 | |||
| Current Account | 21133 | 20982 | |||
| Savings Account | 0 | 0 | |||
| Disposal | 21133 | 20982 | |||
| Current Account | 18258 | 16342 | |||
| Savings Account | 0 | 0 | |||
| As at 31 December | 18258 | 16342 | |||
| Current Account | 25912 | 23038 | |||
| Savings Account | 0 | 0 | |||
| 25912 | 23038 |
3 Reserves
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| As at 1 January | 15203 | 10832 | ||||
| Additions | 2004 | 4371 | ||||
| Disposal | 0 | 0 | ||||
| As at 31 December | 17207 | 15203 |
4 Current liabilities
Other current liabilities is made up of loans given to the company by its members
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Trustees' loan | 7855 | 6985 | ||||
| Accountancy | 850 | 850 | ||||
| Closing balance | 8705 | 7835 |
Page 8
Notes to the financial statements for the year ended 31 December 2023
Transformation Sanctuary International
5 Income statement analysis
| Income statement analysis | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Unrestricted | Unrestricted | ||
| Funds | Funds | ||
| £ | £ | £ | |
| Incoming resources | |||
| Tithe | 14,952 | 14,269 | |
| Offering | 4,131 | 5,083 | |
| Donations towards Outreach to the homeless | 2,050 | 1,630 | |
| 21,133 | 20,982 | ||
| Resources expended | |||
| Church programs/ events | (114) | (224) | |
| Premises | (5,212) | (6,019) | |
| Accountancy fee | (850) | (850) | |
| Advertising and Marketing | (501) | (355) | |
| Equipment | (2,431) | (2,796) | |
| Telephone & Internet | (86) | (58) | |
| Office Consumables | (476) | (461) | |
| IT Software & Equipment | (509) | 0 | |
| Professional fees | (2,050) | (970) | |
| Outreach programs | (6,528) | (4,328) | |
| Repairs and maintenance | (372) | (528) | |
| Printing, Postage and Stationeries | 0 | 0 | |
| Charitable donations | 0 | 0 | |
| Travel, hotel and accommodation | 0 | 0 | |
| Sundries | 0 | (22) | |
| (19,129) | (16,611) | ||
| Surplus/(Deficit) | 2,004 | 4,371 |