Company reoistration number.. N1650636 Charity registration number.. 107947 Transforni the World Limited (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 January 2025 Thomas Oliver & Associates Limited Certified Public Accountant l Moygashel Mills Park Dungannon Co Tyrone BT717DH
Transform the World Limited Contents RefeTence and Administrative Details Trustees, Report 2tOi Independent Examinevs Report 4t05 Statement of Financial Activities 6t07 Balance Sheet Notes to the Financial Statements 9t0 14
Transforni the World Limited Reference and Administrative Details Charity Registration Number 107947 Company Registration Number N1650636 The charity is incorporated in Northern Ireland. 9 Carolhill Park Ballymena Co Antrim BT42 2DF Registered Office Independent Examiner Thomas Oliver & Associate5 Limited Certified Public Accountant l Moygashel Mills Park Dungannon Co Tyrone BT717DH Page I
Transform the World Limited Trustees, Report The trustees, who are directors foT the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 January 2025. Objectives and activitie5 Objects and aims Durino this year progress ha5 continued to develop significantly, particularly online and in person as international travel has become possible again. We have had some key achievements and have put in place a sound governance StctUre and continue to have access to use of registeTed office space. Fundratsing dlsclosures Most of the funds raised have been by way of voluntary donations from donors ivho have either made a one-off donation or have a montthly direct debit commitrnent. Applications were submitted for funds to a few Trust funds with funding bring secured from TBF Thornpson Trust Fund. Public benefll Funds have been expended on administration, office costs, travel and venu&lhospitality Costs. This has enabled us to:_ a) Hold board meetings b) Develop and meet with our volunteers c) Source content from articles and build an online resource library d) Success1]Y run leadership development courses for leaders online via Zoom e) Continue to run the Encouragers Network fj Engage with leaders in 30+ nations o) Provide leadeTS Wlth access to weekly online prayer support h) Further develop our podcast and online teaching library Trustees and officers The trustees and officers serving during the year and since the year end were as follows.. Trustees.. Mr Thomas Stewart (resigned 10 August 2024) Ms Audrey Cuny Professor ChrTStopher Shaw Mr Fergus MCMooW Page 2
Transform the World Limited Trustees, Report Structur4 governante and maTJ8gement N<llre olgovernlng docunieni The charity is a company limited by U2rantee, governed by its Memordndum and Articles of Association. It ha5 been ttranred charitable sraus by the Charities Commission for Northern Ireland under registration Number NIC107947. Statement of trustees, responsibilities The trustees (who are also the directors of Transfom) the World Limited for the purposes of company law) are responsible for preparints the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kinodom Generally Accepted Accounting Practice), includints FRS 102 "The Financial Reporjng Standard applicable in the UK and Republie of Ireland" Company law requires the tStee5 lo prepare financial statements for each financial year. Under company law the tNsrees must not approve the financial statements unless they are satisfied that they tsive a true and fair view of the state of affairs of the charitable company and of the incolnints resources and application of resources, includints its income and expenditure. of the charitable COTnpany for that period. In preparing these financial statements, the trystees are required to.. select suitable accounting policie5 and apply them consistently. observe the methods and principles in the Charities SORP. make judo¢ments and estimates that are reasonable and prudent- state whether applicable accounting standards, comprising FRS 102 have been followed. subject to any material departures disclosed and explained in the financial staternents. and prepare the financial statements on the goints concern basis unless it is inappropriate to PT¢sume that the charitable company will continue in business. The trustees are responsible for keeping proper ae¢ounting records that ean disclose with reasonable a¢¢uracy at any time the financial position of the Charitable company and enable them ro ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguardino the assets of the charitable company and hence for t2kints reasonable steps for the prevention and detection of fraud and other irregularities. The tNstees are responsible for the maintenance and integrity of the corporate and financial infomiation included on the charitable company's web51te. Legislation governing the preparation and di5seminalion of financial statements may differ frotn legislation in oiher jurisdiction5. The annual report was approved by the trustees of the charity on 22 October 2025 and signed on its behalf by: Prof¢5sor Christopher Shaw Tnree Page i
Transform the World Lirnited Independent Examiner's Report to the trustees of Transfom the World Limited ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2025. Respective responsibilities of trustees and examiner As the charity's tNstees of TTansforn] the World Limited (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act (Northern Ireland) 2008. Having satisfied myself that the accounts of Transforni the World Limited are not required to be audited under section 65 of ChaTiti¢s Act (Northern) Ireland 2008 and that an independent examination 15 needed. It is my Tesponsibility to-_ examine the accounts under section 65 of the Charities Act to follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65 (9)(b) of the Charities Act to state whether particular rnatters have come to my attention Basis of Independent Examiners, Report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act. An exarnination included a review of the accounting records kept by the charity and a Comparison of the accounts presented with those records. It a150 included consideration of any unusual iterns or disclosures in the accounts, and seeking expalnations from the trustee5 concerning any such matters.. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. l. That accounting records were not kept in respect of Transforni the World Limited as required by section 6J of the Charities Act. or 2. That the accounts do not accord with those records. or 3. That the accounts do not comply with the accounting requirernenls of the Charities Act. 4. That there is fvrther information needed for a proper understanding of the accounts tobe reached. Page 4
Transforni the World Limited Independent Examiner's Report to the trustees of Transform the World Limited ('the Company,) Independent Examiner's Statement I have completed my examination and have no concerns in respect of the matter (l) to (4) listed above and in connections with the following directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention Iver and Associates Limited Certified Public Accountant l Moygashel Mills Park Duntrannon Co Tyrone BT717DH 22 October 2025 Page 5
Transform the World Limited Statement of Financial Activities for the Year Ended 31 January 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2025 Note Income and Endowments from: Donations and legacies Total incorne 28,457 28,457 28,457 28,457 Expenditure on: Raisincr funds Charitable activities Other expenditure (16,918) (360) (7,224} (16,918) (360) {7,224) Total expenditure (24,502) (24,502) Net income 3,955 Net rnovement in ndS 3,955 Reconciliation of funds Total ndS brought forward 93 93 Total ndS carried forward 4,048 Unrestricted funds 4,048 Total 2024 Note Income and Endowments from: Donations and leoacies 11,461 11.461 Total income 11,461 11,461 Expenditure on: Raising funds Charitable activities (12,870) (318) (12,870) (318) Total expenditure (13,188) (13,188) Net expenditure (1.727) (1,727) Net movement in funds (1.727) (1,727) Reconciliation of funds Total funds brought fonvaTd 1,820 1,820 Total funds carried forward 93 93 All of the charity's activities derive from continuincr operations during the above two periods. The notes on pages 9 to 14 form an integral part of these financial statements. Page 6
Transforni the World Limited Statement of FinaneiaI Activities for the Year Ended 31 January 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) The ndS breakdo for 2024 is shown in note I l. The notes on pages 9 to 14 forn] an integral part of these financial statements. Page 7
Transform the World Limited (Registration number.. Wi 1650636) Balance Sheet as at 31 January 2025 2025 2024 Note Fixed asset5 Tangible assets 180 Current assets Cash at bank and in hand 4,i77 513 Creditors: Amounts falling due withln one year Net eurrent assetsl(liabilities) 10 (i29) (600) 4,048 (87) Net assets 4,048 Funds of the charity: Unrestricted income funds Unrestricted funds 4,048 93 Total funds 4.048 For the financial year endints J l January 2025 the charity was entitled to exemption from audit under seetion 477 of the Companie5 Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476: and Th¢ directors acknowledoe their responsibilities for complying with the requirements of the Ac( with respect ro accountinL7 records and the preparation of accounts. The financial $laternents Dn pages 6 10 14 were approved by the tru51ee5. and auihorised for issue on ?2 October 20?5 and signed on their behalf by.. Cgh.L_ Professor Christopher Shaw Trustee The notes on paoes 9 to 14 forn an interJ¢ al part of these fiT]aneial statement$. Page 8
Transform the World Limited Notes to the Financial Staten]ents for the Year Ended 31 January 2025 I Charity status The charity is limited by guarantee, incorporated in Northern Ireland, and consequently does not have shar¢ capital. Each of the trustees is liable to contribute an arnount not exceeding £Nil towards the assets of the charity in the event of liquidation. The address of its registered office is.. 9 Carolhill Park Ballymena Co Antrim BT42 2DF These financial statements were authorised for issue by the trustees on 22 October 2025. 2 Aceounting policies Summary of significant accounting policies and key accounting estimate5 The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless othenvise stated. Statetnent of compliance The financial staternents have been prepared in accordance with Accountino and Reporting by Charities.. Statement of Recommended Practice (applicable to charities preparing their accounts in a¢coTdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of preparation Transforni the World Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at histOTical cost or transaction value unle55 Otherwise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the canying value of assets held by the charity- Income 2nd endowments All income is recognised once the charity has entitlement to the income, it is probable that the incorne will be received and the amount of the incorne receivable can be measured reliably. Page 9
Transfonn the World Limited Notes to the Financial Statements for the Year Ended 31 January 2025 Donations and legacies Donations are reco.(mised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of perfortnance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until eitheT those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be lfIlled in the reportino period. Expenditure All expenditure is Tecognised once theTe is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggreoate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent ivith the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Raisingfunds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Support costs Support costs include central nCtionS and have be¢n allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Governance costs These include the costs attributable to the charity's compliance with constitutional and statutory requirements. includino audit, strategic maDa(Jernent and trustees meeting5 and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 201 O and therefore it meets the definition of a charitable company for UK ¢orporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of incorne or capital gains received iyithin categorie5 covered by Chapter 3 Part I I of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to chaTitable purposes. Tangible fixed assets Individual fixed assets costing £150.00 or more are initially recorded at cost, les5 any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost OT valuation, less any estimated residual value. over their expected useful economic life as follows.. Page 10
Transform the World Limited Notes to the Financial Statements for the Year Ended 31 January 2025 Asset clas5 Office Equipment Depreciation method 2nd rate 200/0 straight line Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-tenn highly liquid investmeThts that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reportTntr period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-cuThent liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Borrowings Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently caled at amortised cost, with the difference between the proceed5. net of transaction cost5, and the amount due on redemption beino recognised as a chaTge to the Statement of Financial Activities over the period of the relevant bOowing. Interest expense is recoonised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowinos are classified as current liabilities unless the charity h&5 an unconditional right to defer settlement of the liability for at least twelve months after the reportlDg date. Fund strueture Unrestricted income ndS are general funds that are available for use at the tsijstees discretion in furtherance of the objectives of the charity. 3 Income from donations and legacies Unrestricted funds General Total fund5 Donations and legacies. Donations from individuals 28.457 28,457 Total for 2025 28,457 28,457 Total for 2024 11,461 11,461 Page I
Transform the World Limited Notes to the Financial Statements for the Year Ended 31 January 2025 4 Expenditure on raising fund5 a) Costs of generating donations and legacies UnrestrSeted funds General Total funds Note Depreciation, amortisation and other similar costs Other direct costs of generating voluntary incorne Allocated support costs 180 167 16,571 180 167 16,571 Total for 2025 16,918 16,918 Total for 2024 12,870 12.870 5 Analysis of governanee and support costs Raising funds expenditure Governance costs Unrestricted funds General Tot21 funds Independent exarniner fees Examination of the financial statements 360 Tot81 for 2025 360 360 Total for 2024 318 318 6 Independent examiner's remuneratio 2025 2024 Examination of the financial statements 360 318 7 Taxation The charity is a registered charity and is therefore exempt from taxation. Page 12
Transform the World Limited Notes to the Finaneial Statements for the Year Ended 31 January 2025 8 Tangible fixed assets Other tangible rixed asset Total Cost At l February 2024 1,573 1,573 At 31 January 2025 1.573 Depreciation At l February 2024 Charge for the year At 31 January 2025 1,393 180 ,393 180 1,573 1,573 Net book value At 31 January 2025 At 31 January 2024 180 180 9 Cash and eash equivalents 2025 2024 Cash at bank 4.377 513 10 Creditors: amounts falling due within one year 2025 2024 Trade creditors Other creditors Accruals 300 (i) 330 329 600 Page 13
Transform the World Limited Notes to the Financial Statements for the Year Ended 31 January 2025 I l Funds Balance at I Februgry 2024 Incoming resources Resources expended Balance at 31 January 2025 Unrestricted funds General 93 28,457 (24,502) 4,048 Balance at I February 2023 Incoming resources Resources expended Balance St 31 January 2024 Unrestricted funds General 1,820 11,461 (1),188) 93 12 Analysi5 of net asset5 between funds Unrestrict¢d funds General Total funds at 31 January 2025 Current assets Current liabilities 4,377 (329) 4,377 (329) Total net assets 4,048 4,048 Unrestrieted funds General Total fuDds at 31 January 2024 Tangible fixed assets Cuent assets Current liabilities 180 513 (600) 180 513 (600) Total net ass¢ts 93 93 13 Analysis of net funds At l February Financing cash At 31 January 2024 flows 2025 Cash at bank and in hand 513 i,864 4,377 Net debt 513 4,377 Page 14