Registered Charity number 1163500
## **Global Diversity Positive Action CIO**
Report and Financial Statements
31 March 2024
## **Global Diversity Positive Action CIO Report and accounts Contents**
||**Page**|
|---|---|
|Charity information|1|
|Report of the Trustee|2|
|Independent Examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to Financial Statements|6-8|
|Detailed Financial Statements|9|
## **Global Diversity Positive Action CIO Company Information**
## **Registered charity number**
1163500
## **Trustees**
Sharon Jandu
## **Accountants**
Smith Munir Accountancy Limited First Floor 1 Edmund Street Bradford West Yorkshire BD5 0BH
## **Registered office**
First Floor 1 Edmund Street Bradord West Yorkshire BD5 0BH
1
## **Global Diversity Positive Action CIO Registered number: 1163500 Trustee's report**
The Trustee presents her annual report and financial statement of the Charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity governing document, Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 101) (effective 1 January 2015) - (Charities SORP (FRS102), the Charities (Accounts and Reports) Regulations 2008 and the Charities Act 2011.
## **Structure, governance and management**
The Charity is constituted by Foundation which was registered as a Charity with the Charities Commission on 10 September 2015. The Trustees who have served during the year are listed on page 1. The first Charity Trustees were appointed for fixed terms. When the fixed terms expired, the Trustees were re-appointed. New Trustees are appointed by the existing Trustees. Additional Trustees will be appointed during the year to bring up to the minimum number of three. The only persons eligible to be members of the CIO are its Trustees.
## **Objectives, activities, achievements and performance**
The objectives of the CIO are the achievement of good citizenship and civic responsibility for the public benefit, the advancement of personal education and development and the promotion of lifelong learning and the development of the individual capabilities, skills and understanding in subjects of educational value.
In setting their objectives for the year, the Trustees have had due regard to the Charity Commission's guidance on public benefit.
GDPA is a Charity committed to empowering , rehabilitating and supporting the community, supported and established to support the most vulnerable in the community.
Following the closure of the Community Café in 2020, the Trustees decided during the year that the Charity would become dormant and will remain so for the foreseeable future.
## **Financial review**
The result for the year was a loss of £423 (2023 £30 surplus). The loss in the year are a result of the administration costs relating to the dormant Charity.
This report was approved by the Trustees on 20 December 2024 and signed on its behalf.
Sharon Jandu Trustee
2
## **Independent examiners report to the Trustees of Global Diversity Positive Action CIO**
We report to the Charity Trustee on our examination of the accounts of Global Diversity Positive Action (the CIO) for the year ended 31 March 2024.
## **Responsibility and basis of the report**
As the Charity Trustee of the CIO, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011("the Act").
We report in respect of our examination of the CIO's accounts as carried out under Section 145 of the Charities Act 2011. In carrying out our examination, we have followed the directions given by the Charity Commission under Section 145(5) (b) of the Act.
## **Independent examiner's statement - matters of concered identified**
We have completed our examination and we can confirn that no matter has come to our attention:
a) Which gives us reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2002; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities:
have not been met: or
b) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Smith Munir Accountancy Limited First Floor 1 Edmund Street Bradford West Yorkshire BD5 0BH
20 December 2024
3
## **Global Diversity Positive Action CIO Statement of financial activities for the year ended 31 March 2024**
|**Income**
Charitable activities
Support costs
Governance costs
**Total expenditure**
**Net income/(expenditure)**|**Unrestricted**
**funds**
**2024**
**£**
-
-
173
250
423
(423)|**Unrestricted**
**funds**
**2023**
**£**
12,572
5,700
6,592
250
12,542
30|
|---|---|---|
4
## **Global Diversity Positive Action CIO Registered Charity number:** 1163500 **Balance Sheet as at 31 March 2024**
|**Notes**
**Current assets**
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
3
**Net current assets/(liabilities)**
**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after more than one year**
4
**Net liabilities**
**Charity's funds**
Unrestricted funds
**Total charity funds**|80
-|**2024**
**£**
80
80
(26,358)
(26,278)
26,278
26,278|53
(250)|**2023**
**£**
(197)
(197)
(25,658)
(25,855)
(25,885)
(25,885)|
|---|---|---|---|---|
The Financial Statements on pages 4 to 9 were approved by the Trustee on 20 December 2024 and signed by:
Sharon Jandu Trustee
5
## **Global Diversity Positive Action CIO Statement of Changes in Equity for the year ended 31 March 2024**
|**At 1 April 2022**
Profit for the financial year
**At 31 March 2023**
**At 1 April 2023**
Loss for the financial year
**At 31 March 2024**|**Share**
**capital**
**£**
-
-
-
-|**Share**
**premium**
**£**
-
-
-
-|**Re-**
**valuation**
**reserve**
**£**
-
-
-
-|**Profit**
**and loss**
**account**
**£**
(25,885)
30
(25,855)
(25,855)
(423)
(26,278)|**Total**
**£**
(25,885)
30
(25,855)
(25,855)
(423)
(26,278)|
|---|---|---|---|---|---|
6
**Global Diversity Positive Action CIO Notes to the Financial Statements for the year ended 31 March 2024**
## **1 Accounting policies**
## _**Basis of preparation**_
The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard)- (Charities SORP (FRS 102)), the Charities (Accounts and Reports) Regulations 2008 and the Charities Act 2011.
## _**Legal status of the Charity**_
The Charity is a Charitable Incorporated Organisation whose only voting members are its Trustees constituted under a Foundation registered on 10 September 2015.
## _**Going concern**_
The Charity has previously been successful in obtaining grant funding and enjoys financial support from the Trustee. As a result of this support from the Trustee the accounts have been prepared on a going concern basis.
## _**Income**_
Income is recognised when the Charity has entitlement to the funds, any performance conditions relating to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
## _**Expenditure and irrecoverable VAT**_
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. All expenditure is accounted for on an accrual basis.
## _**Debtors**_
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
## _**Creditors**_
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
## _**Taxation**_
The Charity is a recognised charity and as such is potentially exempt from taxation in respect of income or capital gains falling within Section 478 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 charitable purposes.
## _**Provisions**_
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
7
## **Global Diversity Positive Action CIO Notes to the Financial Statements for the year ended 31 March 2024**
## _**Financial instruments**_
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initiaaly recognised at transaction value and subsequently measured at their settlement value.
|**2**
**Employees**
Average number of persons employed by the company|**2024**
**Number**
0|**2023**
**Number**
0|
|---|---|---|
No payments were made to the Trustee during the year, except for allowable expenses and there were no employee benefits.
|**3**
**Creditors: amounts falling due within one year**
Trade creditors
**4**
**Creditors: amounts falling due after one year**
Bank loans
Trade creditors|**2024**
**£**
-
**2024**
**£**
14,500
11,858
26,358|**2023**
**£**
250
**2023**
**£**
15,611
10,047
25,658|
|---|---|---|
8
## **Global Diversity Positive Action CIO Detailed statement of Financial activities for the year ended 31 March 2024**
_This schedule does not form part of the statutory accounts_
|**Income**
Grants received and Just Giving
**Charitable activities**
ESF Project and other project work
**Support costs**
Kickstarters
Travel and subsistence
Office costs
Bank charges
Bank and loan interest
**Governance costs**
Accountancy fees|**2024**
**£**
-
-
-
-
-
23
150
173
250
250
423|**2023**
**£**
12,572
5,700
4,900
1,200
100
33
359
6,592
250
250
6,842|
|---|---|---|
9