TRANSFORMING LIVES AND COMMUNITIES ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023 Company Registration Number: N1603774 Charities Registration Number: NIC103415
TRANSFORMING LIVES AND COMMUNITIES ANNUAL REPORT AND FIANCIAL STATEMEIYTS FOR THE YEAR ENDED 30 APRIL 2023 CONTENTS Pages Report of the Truslces Independent Examiners Report Statement of Financial ActiN'ities (incoryorating income and expenditure account} Statement of Financial PositionlBalance Sheet 10 Notes to the financial statements 11- 16
TRANSFORMING LIVES AND COMMUNITIES REPORT OF THE DIRECTORS {1Tr4CORPORATING TRUSTEES. REPORT) The Directors (who are also the trustees) are pleased to present their aniiual report together with the financial statements of the charily for the yeai" ending 30 April ?023, which are prepared to meet the requirejnents for a directors, report and accounts for Coinpallies Act purposes. The directors have adopted the provisions of the Companies Act 2006 and Accounting and Reporting by Charities: Statement of Recommended Practice appl icable Lo charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SoR- FRS102). in preparing the annual report and financial statements of the ¢harily. Reference and admAnistrative details R¢gi5tered charity nam¢: Charity Commission registration number.. HMRC charity reference: Company registration number: Principal office and registered office: Transfonning Lives and Cornmunities NIC103415 XT25321 N1603774 340B Craigs Road Rasharkin, Ballymena. BT44 8RG Directors and Trustees of the Company The directoi"s who held office during the year wei'e as follows: Dr Geoffrey Allen Mrs Karen Allen Mr Peter Hutchinson Mr Melvin Kelly Mrs Sharon Kelly Mr samuel Phillips Pastor Neil Walson (resigned 16 January 2023) Mr Stephen Williamson Mr John Alexander M¢Vicker (appointed 22 S¢ptembcr 2022) Structure? governance and management The Company is a charity limited by guarantee without share capital which ai.ails of the "Limited" exemption. The company is governed by its Memorandum and Articles of Association dated 14 July 2010. In the event of the Company being wound up members are required to contribute an amount not exceeding £ l. The Board is Tesponsible for the overall governance of the Company and is actively involved in the day to day inanagement of the organisation. Directors are appointed in lirAe with the Memoi'andum & Articles of Association of the company. The Board of Directors are also known as Trustees for the purposes of thc Charity Commission.
TRANSFORMING LIVES AND COMMUNITIES REPORT OF THE DIRECTORS (continued) Risk management The directors have Conducted a review of the major risks to whicli tlie charity is exposed. Financial risk is reviewed on a monthly basis baving du¢ regard to ongoing income and expenses. Statement of directors, responsibilities The directors (who are the truste¢s of Transforniing Lives and Communities) Are responsible for preparing the directors, report and the tinancial statemcnts in aLcoTdanLe with applicable law and rcgulatlons. Coinpany law requires the directors to prepare financial statements for each financial year. Under that law the dir¢ctors have prepared the financial statements in (iccordance with United Kingdom Generally Accepted Accounting Piactice (United Kingdom Accounting Standards and applicable law). Under Company law the directors must tjot approve the financial statements unless they are satigfied that thcy give a Irue and fair view of the state of affai13 of the charilable company and of the incoming resourccs and application of resources. including incotne and expenditure for that period. In preparing these financial stateAnenis. the directors are Tequired to: select bultable accounting policies and apply them consistently. observe the methods and principles in rhe Charities SORP-FRSI 02; make judgements and aLLounting estimates that are reasonable and prudent. state whethei. applicable accounting standards have been followed. subject to any matei'ial departures disclo.%ed £md explaincd in the financial statement. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the COMp]Y will continue iii business. The directors are responsible for keeping adequate accounting Tecords that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time tbe financial position of the charitable company and enable them to ¢nsure that the financial statemellts coniply with the Companies Act 2006. They are also responsible foi. safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other iegUlar1ties. In the case of each director in office at the date the Directors, Report is approved.. so far as the director is aware. there is no relevant accounts infoi'mation of which the charity's independent ex<iminers are unaware. and they have taken all the steps that they ought to have taken as a director in order to make themselves aware of any relevant accounts inforniation and to establish that the charitable conipany's independent examiners are aware of that infoiTration. Objectives and Activities (and how they de]iver public benefit) Th¢ Company is a non-pix)fit making entity. The piinoipal activity of Transfonning Lives and Communities is that of a charity which is registLrLd according to the law of Northern Irel<ind. The objects of the charity are the adiiantieinent of Christianity and the relief of poverty and the advancement of health and the saving of lives and relief of pei'sons in need as a result of poi'erty, famine, war or other disaster, natural or otherwise among people in Mozambique priinarily, bui also in any part of the world ("the area of benefit"), and in partiLulai':
TRANSFORMING LIVES AND COfvIMUNITIES REPORT OF THE DIRECTORS (continued) Objectives and Actfivities (and how they deliver public benefit) (continued) (a) to train leaders and volunteers who have skills in teaching, building, practical skills or cominunity development so that they may WTork on projects promoted by the company in the area of benefit: to promote Christianity in the area of benefIt by preaching the Word of God. (b) n setting our objectives and planning our activities for the year the trustees have given careful Lonsideration to the Charity Commission t.or Northern ITeldnd's guidanL¢ on public beiiefit to ensu that the activities have hclped to aLhieve the Lharity's purposes and provide a benetit to its beneficiaries. Summary of Activities Through strategi¢ partneTshÈps, Transforniing Lives and Communities (TLC) works to see the transfonnation of lives and communities in Less Economically Developed Countries. Our primary goal is to partner with local ohurches to train and enipower leadership to iinpleinent sustainable grass roots community developinent initiatives. In order to facilitate this. we will from lime to lime partnei. wich other non profit organisations lo provide specialist resources and training. Our vision is to develop community developinent projects that will empower locals without creating depcndence. Poverty. lack of education, poor health awareness. lack of clean diinking water, AIDS, disease and illiteracy Lripple many communitics. As Christians, we cannot ignore these gripping needs. We beli¢ve that local churches can play a central role in bringing about positive change but they are hindered to do so because there is a Idck of training and appropi'iate resources. TLC seeks to hiimess the training and resources needed to empower the churches to bring aboui tran5fomation. Alr¢ady. we hav¢ partnership relationships with the missionary organisation, OMS and th¢ Evangelica Church of the Livilig Word in Mozambique. Our organisatioii has organised and shipped a contdiiiei from Northern Ireland containing donat¥d desks, chdlTS & library shelving fi)r use by our partners to faLiEitate leadership training programines at Maputo Bible Seminary and Mocuba Training Centre. We have also shipped seN'eral containers from Northern Ireland tu Mozambique Lontaining donated wheelchairs and aids, which are used io reach out to via the Helping Hands initiatlN'e to disabled and needy people theie. We have plans to expand the sphere of influence of TLC to more churcheslcommunities across Mozambique and beyond. We desire to support church groups and help establish new ones. We will support educational and training programmes tlu'ough churches, training centres, schools and Bible seminaries. We promote health awareness (HIV aWallsS, combating malaria ¢t¢.) and basic life skills for people to aid their survival. We eiicourage people/fni1]eS to create and live from sustainable Incomes through savings progrdmmes. micro-enterprise initiatives and skill training. Oi'ganisationally, we want to be prepaied to provid¢ di5ast¢r relief if ever required withiii areas where we work. In the rourse of our work we may from time to lime organize teams to visit the areas where we work to provide specialist support and training e.g. medical. All decisions pertaining to the direction of TLC will be made by the board of Director%. Acquired funds will b¢ allocated to appr()priate Projects by th¢ board of directors. Funds will be transfetted electroniLally to bank accounts within the countries wherein ive work. Only the nominated peiEon with authorisation to administer the funds will have access to the accounts. Financial reportswill be prepared annually and reviewed by the board at our Annual General Meeting.
TRANSFORMING LIVES AND COMMUNITIES REPORT OF THE DIRECTORS (continued) Objectives and Activities (and how they deliver publi¢ benefit) (continued) Public Benefits The public benefits that flow from the puryose of the advancement of Christianily are Ibe transfonnation in lives and communities. These benefits are demonstrated through teaching, training and empowennent ot community membcrs and leaders. This purpose is not harniful. The benefiLiaries dre church members, leaders and studLnts in Mozainbique, MexiLo and other countrie8 where partner%hips are develnped. These participlS Éire trained and empowered to go into theRr LommunitiLs and brino about transforn)ation on a Lommunity SLale. Tt is hard Io sldtistically quantify the results bul we do witness ch2nge in indii"idual lives thcy accept Christ and inipact their conynwiity. Therc is no private benefit flowing trom this purpose. The public benefits that floiv from the purposc of the prevention or Telief of poverty include Increased ability of individuals and families to create and live from sustainable incomes. These benefits are evidenced tbrough acquASltion of skills leading to increased self-sustainability and the estsblishment and mailltenanc¢ of micro-enterprises and centers for the most margilizalised. Regular reports are made by staff on the ground and N-isits by directors to the projccts. This purpose is not hannful. The beneficiaries are thos¢ in poverty in Mozambique, Mexico and other countries where we work in partnershlp with local chuTch¢s. The public bcnefits that flow from the adN'ancement of education are trained and equipped community leaders. These benefits al-e demonstrated thi'ough educational and training pi'ogrammes in partneiEhip with local churches through tLaining centres, schools and Bible seminaries with the purpose of nurmring hollstic knowledge-based development. A particular emphasis is placed on teaching children to read with the obvious benefit to advance in their general education. This purpose is not hamful. The beneficiai'ies include community and church leaders. students. adults and children. There is no private benefit tlowing from this purpose. The public benefits that flow from ihe advancement of health are inci'eased health awareness, Independence and support for those most mai-ginalized and their families. These benefits are evidenced Ihrougli regular cominuiiity health seminars, health awareness and piovision and inodification of niobility aids. This purpose is not han1. The benefiLiari¢s are the general piiblic in Mozambique who receive health awareness Irdining. and those with specific health needs that we are able to meet. There is no privat¢ benefit flowing from these purposes. The public benefits that flow from the adi'ancement of community deiielopment includc self-sufficiellt Loirununilics able to fe¢d their families, send their childrLn to school and pay for healthcare. ThesL ben¢fits are ev?denLed by our support of eduLatioiial and tr8iniJig programmcs through church¢s, training centres, schools and Bible seminai'ies with the purpose of nurtui'ing community transfoi'mation. We encourage peoplelfatnilies to create and lii.e from sustainable incomes through saving5 programrnes, micro-enterprise initiatives and skill training. We seek to empower Christians to be salt and light in their conimunities, bringing hope through their message and actions (community initiatives and pi'ojects). We seek to find practical ways to help those most marginalized from society. A current micro entejprise project. mth'ng crafts to s¢ll in Mozambique enables them to send their children to school and provide healthcare for tb¢ir families. This purpose is not harmful, The beneficiaries are all those who live in the needy cominunities in the countries in which we work.
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TRANSFORMING LIVES AND COMMUNITIES STATEMENT OF FINANCIAL ACTITr:ITIES INCORPORATIING INCOME AND EXPENDITURE ACCOUNT FOR THE TrTAR F,INDED 30 APIUL 2023 L'nrestricted Restricted Endowment Fund5 Funds unds Total Total 2023 2023 2023 2023 2022 Incoming resources Iyote Donations received Other income 31,739 1,168 10,848 0 42,587 40,339 0 1,168 1.712 Totsl income 32,907 10,848 0 43,755 42.051 Resources eTpended: Chaiitable activities 30,496 2,248 0 32,744 41,565 Total expenditure 30,496 2,248 0 32,744 41.565 Net movement before transfers 2,411 8,600 o 11,011 486 Transfers between funds Net movement in funds 2,411 8.600 o 11,011 486 Reconciliation of funds.. Total funds brought fOard 41,807 3,626 0 45,433 44,947 Total funds carried forward 44,218 12,226 0 56,444 45.433 The statemenl of financial aclivities includes all gains and losscs recognised in the year. All incom¢ and expenditure derives froin continuing activities. The notes on pages I I to 16 f.orm part of these tinancial statements
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TRANSFORMING LIVES AND COMMUNITIES OTES TO THE FINLNCIAL STATEMENTS FOR THE YEAR ENDED 30 APRtL 2023 l. Company information The Company is limit¢d by guarantee and is illcorporated in Northern Ireland. The address of the registei'ed office is 340B Craigs Road, Rasharkin, Ballymena. County Antrim. BT44 8RG. Tlie rAnancial statements wei'e authorised foi. issue by the Board on 29 ' January 2024 2. Accounting poliLies The principal accounting policies adopted, judgcmcnts and key sources of estimation unceilainty in the preparation of the financial statements are as follows.. B2sis of preparation The tinaiicial ststemeThts have been prepared on a going coiicern basis in accordanee with Accounting and R¢porting by Charities." Statement of Recoinmended Practicty applicablc to charities preparing their aCcOLtS in accordance 1th the Financial Reporting Standard applicable in the UK and Republic of IrL'land (FRS 102)- (Charities SORP {FRS 102)), the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity meets the definition of a public benefit enlity under FRS 102. Assets and liabilities are initially recognised al historical cosl and transaction value unless oLhenvise stated in the relevant accounting policy note(s). Preparation (Jf aec(JuDts on a going concern basis The charity generally ineets its day to day workTng capital requirements from its annual income. The Trustees Iiave obtaincd and reviewed cash flow forecasts for the comiiig year and based on rhese are satisfied that th¢ charity has resources to provide a reasonable expectation that it can continue to meet its finaiicial obligations as they fall due foT the fores¢eable future. Therefore these financial statezneDts liave been prepared on a going concern basis. Incoming resources Donations r¢ceiired comprises all cash receivable for the accounting period, including any relat¢d tax recove12ble undei- Gift Aid. Resourees expended Resources expended are recognised in the period in which they are incurred. Chai-itable expenditure compri%es those costs inCued by the charity in the deliveiy of its activities and services to its beneficiaries. It includes both costs that can be allocated directly to such actiN'ities and those costs of an indirect nature necessary to support them. li
TRANSFORMING LIVES AND COMMUNITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EIN'DED 30 APRIL 2023 (continued) Accounting policies (continued) Cash and cash equivalents Cash and cash equivalcnts includes ch in hand, deposits held at Lall with bdnks, other short-tenn highly liquid investments with original inaturities of thr¢c months or less and bank. ov¢rdrafts. Financial instruments The charity only hab linancial asset5 and financTal liabilities of a k.ind that qualify as bi1SiC financial instruments. Basic financial instruments are initially recognised al transaction price and subsequently Lneasured at their settlement value. Funds Funds aTe classified as either unrestricted fuiids or restricted funds. defined as follows. Unrestricted funds are expendable at the discretion of the trustees in furtherance of the obj¢Lts of the Lharity. If parts of the unrestricted funds are earniarked at the discretion of the trustee5 for a particular PLll]Jos¢, they are designated as a separat¢ fund. This designation has an administrdtive purpose only and does not legally restriLt the trustees. discretion to apply the fund. Restricted funds are fun$ subject to specific requirements as to their use "hICh may be declared by the donor or wilh Iheir authority or created through legal processes. but still witliin th¢ wider objeccs of the charity. Endoivment funds are fun05 which haTre been given on the conditioii that the original capital sum is not reduced, but the iiicome there from is used for the purpose d¢fined in acLord8nce with th¢ objects of the charity. 2. Critical accounting judgements and estimation uncertaAnty Ei stimates and judgments made in the process of prepartng the finanLial statements are contiijually evaluated and are b&sed on historical experience and other t"actors, inLluding expectations of future evL'nts that are believed to be reasonable under the circumstanLes. The Trustees do not Lonsider that there are any critical judgnienls made in applying the Company's accounting policies or that ihere are any critical accounting estimates or assumptions which may have a significant risk of causing a material adjustment to carying arnounts ot. assets and liabilities Thyithin the next financial year. 12
TRANSFORMING LIVES AND COMMUNITIES ,NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EINDED 30 APRIL 2023 (continued) 3. Donations received Lnrestrieted Restricted Endowment Funds Funds Funds Total Total 2023 2023 2023 2023 2022 Donations Donations - pi'ojects 31,739 32,939 10,848 10,848 1,440 31,739 10,848 42,587 40,339 4. Other Income Unrestricted Restricted Endowment Funds Funds Funds Total Total 2023 2023 2023 2023 2022 Gift Aid Tax Refund 1,168 1,168 1,712 1,168 1,168 1,712 5. Analysis of Expenditure Unrestricted Restricted Endowment Funds Funds Funds Total Totsl 2023 2023 2023 2023 2022 Charitable Activities Project resources expended Other expenses 30,398 98 2,248 32,646 98 41,429 136 30,496 2,248 32,744 41,565 13
TRANSFORMING LIVES AND COMMUNITIES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APIUL 2023 (continued) 6. Taxation The charity is recognised as a Lharity for the PUTposes of applicable taxation legislation and is th¢refor¢ not subject to taxation on its charitable activities. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel Eiitployees 2023 2022 Salaries and wages Total The ai'erage numbcr of employees during the year. was as folloivs: 2023 2022 Number Number Directors Management Administration Tliere are no employees iii receipt of employee benefits in excess of £60,000. No directors receiied any remuneration during the year. No trnstee or a person related to a trustee had any personal intcrcst in any contract or trans(ICtion entered into by the charity durillg the year. 14
TRANSFORMING LIVES AND COMMUNITIES INOTES TO THE FINAINCIAL STATEMENTS FOR THE YEAR EI%DED 30 APRtL 2023 (continued) 8. Debtors 2023 Debtors 19,800 6.080 Other debtors Prepdyments 19,800 6,080 9. Creditors Amounts De Ivithin l Year 2023 2022 Creditors and acciiials l O. Analysis of Net Assets Unrestricted Unrestricted General Designated Restricted Endoivment Total Fixed as8ets Current assets cUent liabilities 44,218 12.226 56,444 Net assets at 30 April 2023 44,218 12,226 56,444 15
TIL4NSFORMING LIVES AND COMMUNITIES IYOTES TO THE FIIYLNCIAL STATEMENTS FOR THE YEAR ENDED 30 APIUL 2023 (continued) 11. Funds of the Company At30 April 2022 Atlmay 2022 Income F.xpenditure Transfers Endowment tunds Restricted funds Wheelchaii- Project Audio Bibles Training Project Nkateko Sewing 2,248 1,400 (2,248) 3.440 4.840 7,200 186 12,226 186 3.626 10,848 {2.248) Unrestricted funds General fund 41,807 41,807 (30,496) (30,496) 44.218 32,907 Total funds 45,433 43,755 (32,744) 56,444 oses of Restricted Funds Wheelchair Pi'oject: Tliis As a fund to be used for the purchase of wheelchairs for distribution. -Audio Bibles.. This is a fund to be used for the purchase of audio BÉbles for distribution in Mozambique. -Training project.. This is a nd to be used to fund a training project in Mozambique. -Nkateko Sewing Fund. This is a fund to be used to purchase sewing machine for the ladies work in Mozambique. 12. Related party transactions No directors received any remuneration during the year. 13. ControlIing party During the year Transforniing Lives and Communities was under the control of the Trustees (who ar¢ also the directors). 16