TRANSFORM NETWORK
Various courses including worship, teaching, group work and prayer ministry time, pastoral training; youth activities; leadership meetings for all member churches to pray, discuss and plan activities; Lewisham Foodbank
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £32,799, while restricted reserves rose to £670,991, resulting in total net assets of £703,790. The trustees report that unrestricted income decreased slightly to £720, whereas restricted income was £735,117, with both unrestricted and restricted expenditure also seeing reductions compared to the prior year. The charity maintains a reserves policy target of at least three months of regular costs, estimated at up to £114,000, and states that current reserves are more than sufficient to meet this requirement.
What the accounts disclose
“The Trustees aim to maintain reserves, in the relevant funds, of at least 3 months regular costs. Based on current levels of spend this would require up to £114,000 reserves in the Foodbank fund.” — page 7
“The charity pays rent to Forest Hill Community Church (one of the members of the charity) for use of 17 Sydenham Road. The charity uses this as its registered office and as an administrative base. The total rent paid was £2,400 (2023: £2,400 plus £31,342 for the Foodbank's use of Hope Centre, and adjoining house, as a warehouse until November 2023.) There were no other related party transactions in 2024.” — page 17
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Elizabeth Mary Maxted
- GORDON Stuart COWIE
- IAN JAMES BUTCHER
- NICOLE ADAMIDES
- Nigel Stephen Desborough
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £736k | £668k |
| 31/12/2023 | £784k | £728k |
| 31/12/2022 | £600k | £490k |
| 31/12/2021 | £507k | £509k |
| 31/12/2020 | £911k | £530k |
Common questions
Is TRANSFORM NETWORK financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves increased to £32,799, while restricted reserves rose to £670,991, resulting in total net assets of £703,790. The trustees report that unrestricted income decreased slightly to £720, whereas restricted income was £735,117, with both unrestricted and restricted expenditure also seeing reductions compared to the prior year. The charity maintains a reserves policy target of at least three months of regular costs, estimated at up to £114,000, and states that current reserves are more than sufficient to meet this requirement. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 11/06/2020 | £500 | COVID-19 CEF |
Charities like this
- RCCG KINGDOM OF PRAISE AND THANKSGIVING HACKNEY
- Transform NE
- WORD OF LIFE MINISTRIES UK LIMITED
- THE UNITED REFORMED CHURCH EAST MIDLANDS SYNOD INCORPORATED
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT SIMON, SOUTHSEA.
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY BARNES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| TRANSFORM NETWORK | £736k | — | 0 | above | — | no doubt |
| RCCG KINGDOM OF PRAISE AND THANKSGIVING HACKNEY | £146k | — | 0 | unclear | — | no doubt |
| Transform NE | £241k | — | 0 | unclear | — | no doubt |
| WORD OF LIFE MINISTRIES UK LIMITED | £163k | — | 0 | unclear | — | no doubt |
| THE UNITED REFORMED CHURCH EAST MIDLANDS SYNOD INCORPORATED | £3.1m | — | — | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT SIMON, SOUTHSEA. | £125k | — | 0 | unclear | — | no doubt |