TRANSFORM SCHOOLS UK
Financial health, per its FY2024 accounts
The accounts state that the charity raised GBP 128,195 in unrestricted funding but expended GBP 142,630, resulting in a net decrease in cash funds. Per the trustees' report, unrestricted reserves held at year-end were GBP 4,000, which is below the stated policy target of three months of unrestricted expenditure. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Transform Schools UK will hold unrestricted funds, which have not been designated for a specific use, at a level to pay salaries of any staff employed by Transform Schools UK and other recurrent costs for a mandatory minimum of three months (“Reserve Fund”)” — page 4
Trustees
- Abha Thorat-Shah
- Amit Sharma
- Dr Deepta Chopra
- Dr Sandra Sequeira
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £128k | £143k |
| 31/12/2023 | £25k | £15 |
| 31/12/2022 | £0 | £0 |
| 31/12/2021 | £0 | £0 |
Common questions
Is TRANSFORM SCHOOLS UK financially healthy?
The accounts state that the charity raised GBP 128,195 in unrestricted funding but expended GBP 142,630, resulting in a net decrease in cash funds. Per the trustees' report, unrestricted reserves held at year-end were GBP 4,000, which is below the stated policy target of three months of unrestricted expenditure. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.
Who funds TRANSFORM SCHOOLS UK?
Funders whose own accounts filings name TRANSFORM SCHOOLS UK as a grant recipient include KUSUMA TRUST UK.
Known funders
| Funder | Year | Amount |
|---|---|---|
| KUSUMA TRUST UK | FY2024 | £25k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ANDREW LLOYD WEBBER FOUNDATION | 1 | £1.4m |
| THE PALOMA FOUNDATION | 1 | £300k |
| THE CHARLES WOLFSON CHARITABLE TRUST | 1 | £200k |
| THE CROSS TRUST | 1 | £50k |
| THE ALBERT AND EUGENIE FROST MUSIC TRUST CIO | 1 | £30k |
| SCOULOUDI FOUNDATION | 1 | £15k |
| NORTHERN CONSORTIUM | 1 | £10k |