Trustees’ Annual Report for the period
From: 01/01/2024 Period start date
To: 31/12/2024 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 accordance with the charity’s statement 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 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 and special online events 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
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
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 and the charity has seen a slight increase in its volunteers. We successfully hosted the community by organising a summer fayre which brought the local community together. Another achievement has been the provision of emotional support to members who have experienced all manners of challenges. We are also developing relationship with other charities. |
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 the Great Ormond Hospital for children. It also hosted a summer event community event aimed at community cohesion. |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | All funds have been raised through the regular giving of volunteers. No additional 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
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity’s financial position has remained stable within the period. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity has a policy for holding reserves. This is 5% of the total income of 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 2024. |
| Reasons for holding zero reserves |
Para 1.22 | The charity holds an amount in reserve. |
| Details of fund materially in deficit |
Para 1.24 | Not applicable |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | The number of volunteers have remained stable in the charity. We are hoping for growth in volunteers. A significant drop in numbers will be a genuine concern and will impact on the financial strength of the charity. |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The charity’s principal sources are voluntary contributions made by volunteers. The charity does not conduct any special fundraising events. |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | The charity is not investing any of its finances in an investment vehicle. |
| A description of the principal risks facing the charity |
Para 1.46 | 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. |
| Other |
Structure, Governance and Management
| Description of charity’s 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 | |
| The charity’s organisational 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
| Charity name | Transformation Sanctuary International |
|---|---|
| Other name the charity uses | |
| Registered charity number | |
| Charity’s principal address | The Royal Youth Centre Viking Way, Opposite Tesco Superstore Rainham, RM13 9YG |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Nam e of pers on (or body ) entitl ed to appo int trust ee (if any) |
|---|---|---|---|---|
| Vincent Lawal | Chair Person | |||
| Victoria Lawal | Secretary / Treasurer |
|||
| Adedapo Oke | ||||
| Olusola Oke | Deceased in October 2024 |
|||
| Robert Okechukwu | ||||
| 20 |
– 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 charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of adviser Name Address |
Type of adviser Name Address |
Type of adviser Name Address |
|
|---|---|---|---|
| Name of chief executive or names of senior staff members (Optional information) | |||
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) V.Lawal Full name(s) Victoria Lawal Position (eg Secretary, Chair, etc) Secretary
Date 05/08/2025
Transformation Sanctuary International
Registration no. 1196653
Report of the Director and Unaudited Financial Statements
Period of Accounts - 01 January 2024 31 December 2024
Page 2
Transformation Sanctuary International
| Contents of the | |
|---|---|
| financial statements for the year ended31 December 2024 | |
| Business Information | 3 |
| Accountants' Report | 4 |
| Statement of Financial Activities | 5 |
| Statement of Financial Position | 6 |
| Notes To Financial Statements | 7 |
Page 3
Transformation Sanctuary International
31 December 2024
----- Start of picture text -----
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
----- End of picture text -----
Page 4
Transformation Sanctuary International
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 ended31 December 2024
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
23 May 2025
Page 5
Transformation Sanctuary International
Statement of Financial Activities for the year ended31 December 2024
| Statement of Financial Activities for the year ended31 December 2024 |
||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Unrestricted | ||||
| NOTES | Funds | Total | Total | |
| £ | £ | £ | ||
| Income | ||||
| Donations and legacies | 24,851 | 24,851 | 21,133 | |
| Charitable activities | - | - | - | |
| Other trading activities | - | - | - | |
| Investments | - | - | - | |
| Material item of income | - | - | - | |
| Other | - | - | - | |
| - | - | - | ||
| Total | 24,851 | 24,851 | 21,133 | |
| Expenditure | ||||
| Raising funds Charitable activities |
- (20,938) |
- (20,938) |
- (19,129) |
|
| Material item of expense | - | - | - | |
| Other | - | - | - | |
| (20,938) | (20,938) | (19,129) | ||
| Total | ||||
| Net income / (expenditure) before investment gains/ (losses) | 3,913 | 3,913 | 2,004 | |
| Net gains / (losses) on investments | - | - | - | |
| Net income / (expenditure) | 3,913 | 3,913 | 2,004 | |
| Extraordinary items | - | - | - | |
| Transfer between funds | - | - | - | |
| Other recognised gains / (losses) | - | - | - | |
| Net movement in funds | 3,913 | 3,913 | 2,004 | |
| Reconciliation of funds: | ||||
| Total funds brought forward | 17,207 | 17,207 | 15,203. | |
| Total funds carried forward | 21,120 | 21,120 | 17,207 |
Ai 11 JI D•e•ffv2024 2024 R•#trlct•d Funtt• Unr•#trfct•d Futhd• NOTE8 TOTAL 22213 22213 ** 25912 21213 22213 IS912 i.rfjj 21120 1.(63 2t120 17207 21120 In07 MDS OFTht CXARryY 21.120 21,IZO 15203 21120 21120 DJt•ol•ppYml: Dat• of pproMI:
Page 7
Transformation Sanctuary International
Notes to the financial statements for the year ended 31 December 2024
- 1 ACCOUNTING POLICIES
Basis of accounting
Thesefinancial statementshave 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
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| As at 1 January | |||||
| Current Account | 25,912 | 23,038 | |||
| Savings Account | - | - | |||
| Additions | 25912 | 23038 | |||
| Current Account | 24851 | 21133 | |||
| Savings Account | 0 | 0 | |||
| Disposal | 24851 | 21133 | |||
| Current Account | 28550 | 18258 | |||
| Savings Account | 0 | 0 | |||
| As at 31 December | 28550 | 18258 | |||
| Current Account | 22213 | 25912 | |||
| Savings Account | 0 | 0 | |||
| 22213 | 25912 |
3
Reserves
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| As at 1 January | 17207 | 15203 | ||||
| Additions | 3913 | 2004 | ||||
| Disposal | 0 | 0 | ||||
| As at 31 December | 21120 | 17207 |
4 Current liabilities
Othercurrentliabilities is made up of loans given to the company by its members
| 2024 | 2023 | |||||
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Accountancy | 1000 | 850 | ||||
| Closing balance | 1000 | 850 |
Page 8
Transformation Sanctuary International
Notes to the financial statements for the year ended 31 December 2024
| 5 | Income statement analysis | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| Unrestricted | Unrestricted | |||
| Funds | Funds | |||
| £ | £ | £ | ||
| Incoming resources | ||||
| Tithe | 18,433 | 14,952 | ||
| Offering | 4,723 | 4,131 | ||
| Donations towards Outreach to the homeless | 1,695 | 2,050 | ||
| 24,851 | 21,133 | |||
| Resources expended | ||||
| Church programs/ events | 0 | (114) | ||
| Premises | (5,898) | (5,212) | ||
| Accountancy fee | (1,150) | (850) | ||
| Advertising and Marketing | (541) | (501) | ||
| Equipment | (3,899) | (2,431) | ||
| Telephone & Internet | (76) | (86) | ||
| Office Consumables | (1,004) | (476) | ||
| IT Software & Equipment | (671) | (509) | ||
| Professional fees | (1,340) | (2,050) | ||
| Outreach programs | (4,963) | (6,528) | ||
| Repairs and maintenance | (1,396) | (372) | ||
| Printing, Postage and Stationeries | 0 | 0 | ||
| Charitable donations | 0 | 0 | ||
| Travel, hotel and accommodation | 0 | 0 | ||
| Sundries | 0 | 0 | ||
| (20,938) | (19,129) | |||
| 3,913 | 2,004 | |||
| Surplus/(Deficit) |