**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** **----- Start of picture text -----**
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
**----- End of picture text -----**
|**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** **----- Start of picture text -----**
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
**----- End of picture text -----**
## **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** **----- Start of picture text -----**
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
**----- End of picture text -----**
**Names of the charity trustees who manage the charity** **----- Start of picture text -----**
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
**----- End of picture text -----**
## 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)** **----- Start of picture text -----**
Type of Name Address
adviser
Name of chief executive or names of senior staff members (Optional information)
**----- End of picture text -----**
## **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) VI￿orIa 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** **----- Start of picture text -----**
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
**----- End of picture text -----**
**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 M*v•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|