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Company limited by guarantee

Company Registration Number:
06996356 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2021

Period of accounts

Start date: 1 January 2021

End date: 31 December 2021

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Contents of the Financial Statements

for the Period Ended 31 December 2021

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

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Directors' report period ended 31 December 2021

The directors present their report with the financial statements of the company for the period ended 31 December 2021

Principal activities of the company

To advance the Christian Faith in accordance with the Statement of Beliefs in Reading and in such other parts of the United Kingdom and the world as the Trustees may from time to time think fit and other such purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the Charity;To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life; andTo relieve the needs of persons who are in need due to age, sickness or financial hardship in such parts of, the UK and the world as the Trustees may from time to time think fit.To achieve these objects, the main activity is to build a network of relationships between Christians across the wider Reading area through weekly prayer meetings and other events.

Additional information

Activity during the periodThe Trustees have had regard to the aims of the Charitable Company in planning the events and activities for this period and are mindful of the reporting requirements in relation to their public benefit.For the second year in a row the Covid pandemic impacted considerably on the normal operation of Transform Reading. The weekly prayer meetings were held on Zoom from January until 22nd September when they restarted in person on the premises of Wycliffe Baptist Church because the Greyfriars Church site the previous meeting venue was undergoing a large building project. Attendance was still relatively low compared with pre-pandemic numbers.Our activity in 2020 2021 in the key areas of our vision involved: UNITY: continuing to meet online and in person to build relationships: Prayer & worship Regular Wednesday morning prayer gatherings 10 Days of Prayer: May and September Burn: monthly gatherings to worship and seek God's presence Street Pastor daytime ministry to town centre, Oxford Rd and elsewhere described belowMISSIONA new focus on Help Hubs as described belowTo promote the work of other key Christian charities within Reading such as Mustard Tree, CCA, Readifood, and others listed on TRs website to encourage volunteering. Promoting and encouraging churches to help Hong Kong immigrants and Afghan refugeesStreet Pastors and First Stop The work of Reading Street Pastors had already switched during 2020 from serving the night time community to serving the daytime needs of the town to offer help and support to those in need. This work expanded and developed during a number of crises in communities across Reading during 2021. Street Pastors actively supported communities in the areas of Emmer Green following the tragic murder of Oliver Stephens on 3rd January, and again after two other fatal stabbings later in the year on the Dee Road estate and Caversham. In all instances the work of the Street Pastors was highly praised by Police and gratefully received by the communities in which they patrolled, bringing a sense of safety to the streets at a time of considerable fear and distress. Street Pastors continued throughout the year to patrol the Oxford Rd, as well as patrolling in the Whitley community in the evenings up until July when the night time economy in the town centre restarted so that Street Pastor resources were stretched to far to maintain the Whitley patrol. The Reading Festival went ahead over the August Bank Holiday weekend having been cancelled in 2020; the Street Pastor venues were very busy, and income from the festival meant that Street Pastor finances returned to a healthy state for the year. The First Stop organization which provides a safe place in Reading Town Centre at night for anyone who may require help or medical attention had a slow restart after the lockdown, but numbers picked up to pre-pandemic levels by the end of the summer, and First Stop was in need of more volunteers for most of the rest of the year. Becky Hannam, who has been heading up First Stop since its inception announced at the end of the year that she would be stepping down, and so the process to find a new First Stop Co-ordinator was underway by year end.The Help Hubs During 2020, the first year of the pandemic, Christians across Reading were involved in a vast quantity and diversity of volunteering in different ways to help those in need. Many volunteered through council initiatives like the Reading Single Hub and RVA, and it brought into focus the need for well-organised, co-ordinated, reliable help for those in need in the communities across Reading. Some groups of churches had already started to work together such as Whitley SALT in South Reading and subsequently churches in the South-East of Reading formed the Earley Help Hub in direct response to the pandemic, providing a range of services from food shopping to delivering prescriptions, and many other forms of practical help. Toward the end of the year, six churches on the West side of the town centre formed a new help hub called Torch which launched at the beginning of 2021. During the year, Torch expanded its area to include the areas of Southcote and Coley and in its provision with DIY gardening, and transportation help. Through referrals from the Council and other agencies it found itself providing help and assistance to an increasingly wide geography across the town, so that by the end of 2021 a new vision began to take shape. Encouraged and assisted by the unity focus of Transform Reading, the vision of a Reading-wide Help Hub, uniting Whitley SALT, Earley Help Hub and Torch, under the name Torch, supported by churches across the town, marrying a local focus and feel with a central governance and administration, began to take shape. This work will be taken forward in 2022.Use of Volunteers In order to fulfil the above objectives, the Charity benefits from around 100 hours per week of time donated by 100 volunteers. The trustees estimate that the financial benefit to the charity of the contribution of volunteers is £65,000 each year. Volunteers will be involved in the following areas of the charity’s work: The Members of the Transform Reading Enabling Team, Trustees and Elders Group are mainly volunteers; Most Street Pastors are volunteers; Events involve volunteers in a wide range of support roles; and General office administration. The Trustees would like to express our thanks to all of those who volunteer and give their time freely to the Charity the Charity could not maintain its current level of activity without them.Financial Performance Results for the period are set out on Pages 12 to 18. The net movement in funds for 2021 was £6,382. The Trustees are aware that they need to make concerted efforts to encourage both churches and individuals to give regularly to the charity. The Charity is reliant on donations from individuals, churches and other organisations and we take this opportunity to thank each of our donors for their continued support. At the end of 2021 the net assets of the Charity stood at £104,594 of which cash represented £99,363. The accounts have been prepared in accordance with the special provisions applicable to company’s subject to the small companies’ regime and with the financial reporting standard applicable in the UK and Republic of Ireland FRS102, effective 1st January 2015. Reserves policy The Directors have considered the level of reserves appropriate to the needs of the Charity to be equivalent to approximately three months worth of expenditure which equates to approximately £19,000 at the levels of activity experienced in 2021. This level is sufficient to cover the Directors’ responsibilities to staff and to satisfy other current liabilities in the short term. At present General Funds are more than sufficient to cover this reserve. Sources of funding The Charity has several sources of funding: Local Churches are one of the Charitys sources of funding raising £6,700 for general funds and £1,600 and towards Street Pastors during 2021. The Street Pastors initiative had funding from various community groups, Thames Valley Police, Reading Borough Council, Trusts and companies. The volunteer Street Pastors often donate the cost of their uniforms. Other funding comes from individuals, 25 who give on a regular basis.The Charity also benefits from the Gift Aid scheme and was able to reclaim tax from individuals donations during 2021. Future plans The establishment of a Reading-wide network of Help Hubs under one umbrella in as many areas of Reading as possible to serve all of the communities in Reading in order to share the love of Jesus with those in particular need right across the town. To see the work of Street Pastors expand to include ongoing Community Street Pastoring with the aim of strengthening communities, building bridges between churches and communities, and transforming the streets and communities as they serve the town of Reading, in cooperation with Thames Valley and RBC, and the Reading Festival event. Developing First Stop Reading, currently based at the Minster for provision of medical and social care for those in need in the town centre, and particularly to locate and acquire a new location closer to the pubs and clubs to act as the base for First Stop and Street Pastors. To promote the work of other key Christian charities within Reading such as Mustard Tree, CCA, Readifood, and others listed on TRs website to encourage volunteering. To continue to strengthen our links with Reading Borough Council by seeking ways to support the community in particular through the regional Help Hubs. Continued prayer on a weekly basis for Christians across Reading with a growing network of Christians and churches. Further communication of TR’s vision through development of the website and video production. Leaders’ networking breakfasts to strengthen vision, motivation and collaboration. These will include input from movements in towns and cities across the UK with lots of collaboration and shared learning. Other projects and activities will arise during the year which we will review in the light of our Aim and Vision, and our prayer is that we will continue to see transformation of individuals lives and communities of people as we serve and proclaim the Good News of Jesus. Related party transactions There were no transactions with related parties during the period. Statement of Trustees responsibilities Company Law and Charity Law require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the financial activities of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for ensuring that the company maintains an adequate system of internal control designed to provide reasonable assurance that assets are safeguarded against loss or unauthorised use and to prevent and detect fraud and other irregularities. Appointment of Independent Examiner The previous Independent Examiner for many years, Nigel Gough, stood down and has been replaced by Mr Nigel Holloway who is the Independent Examiner for Trinity Earley Church one of Transform Readings member churches. This appointment was accepted by the trustees. Small company exemptions The Directors Report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. This Report has been approved by the trustees.



Directors

The directors shown below have held office during the whole of the period from
1 January 2021 to 31 December 2021

Mark Dolphin
John Ledger
Steve Prince
David Steed


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
1 April 2022

And signed on behalf of the board by:
Name: Mark Dolphin
Status: Director

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Profit And Loss Account

for the Period Ended 31 December 2021

2021 2020


£

£
Turnover: 82,334 84,897
Cost of sales: ( 75,952 ) ( 72,614 )
Gross profit(or loss): 6,382 12,283
Distribution costs: 0 0
Administrative expenses: 0 0
Other operating income: 0 0
Operating profit(or loss): 6,382 12,283
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 6,382 12,283
Tax: 0 0
Profit(or loss) for the financial year: 6,382 12,283

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Balance sheet

As at 31 December 2021

Notes 2021 2020


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 8,043 2,103
Cash at bank and in hand: 99,363 98,103
Investments:   0 0
Total current assets: 107,406 100,206
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 2,813 ) ( 1,994 )
Net current assets (liabilities): 104,593 98,212
Total assets less current liabilities: 104,593 98,212
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 104,593 98,212
Members' funds
Profit and loss account: 104,593 98,212
Total members' funds: 104,593 98,212

The notes form part of these financial statements

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Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 1 April 2022
and signed on behalf of the board by:

Name: Mark Dolphin
Status: Director

The notes form part of these financial statements

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Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    Reserves policyThe Directors have considered the level of reserves appropriate to the needs of the Charity to be equivalent to approximately three months worth of expenditure which equates to approximately £19,000 at the levels of activity experienced in 2021. This level is sufficient to cover the Directors’ responsibilities to staff and to satisfy other current liabilities in the short term. At present General Funds are more than sufficient to cover this reserve.

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Notes to the Financial Statements

for the Period Ended 31 December 2021

  • 2. Employees

    2021 2020
    Average number of employees during the period 3 2

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Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Debtors

2021 2020
£ £
Other debtors 8,043 2,103
Total 8,043 2,103

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Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Creditors: amounts falling due within one year note

2021 2020
£ £
Other creditors 2,813 1,994
Total 2,813 1,994