Community Growth Initiative
Trustee Report & Financial Statement
For The Year Ended 28th February 2023 Charity Registration number:1165507
Community Growth Initiative
CONTENTS
| Page | |
|---|---|
| Trustees and Professional Advisors | 1 |
| Trustees Report | 2 |
| Accountants Report | 3 |
| Receipts and expenditure account | 4 |
| Balance Sheet | 5 |
| Notes to the accounts | 6 |
Community Growth Initiative
TRUSTEES AND PROFESSIONAL ADVISORS
TRUSTEES:
BUSINESS ADDRESS:
Ishaq Mahmood Ismail Mahmood Shafqat Mahmood 255 Stockport Road Stockport SK4 5BS
BANKERS: Lloyds TSB Bank Plc 1 Legg Street Chelmsford CM1 1JS
ACCOUNTANTS: Zaheer and Company 63 Kingsway Burnage Manchester M19 2LL
Page 1
Community Growth Initiative
Trustees Report
Work of the charity continued though the year And charitable activity has increased since removal of post pandemic removal of the lockdown. The trust has contributed most of its charitable income towards the construction of an education centre in Ghana
Treasurers Responsibilities
Charity law requires the trustees to prepare statements of accounts for each financial year. In preparing those financial statements, the trustees are required to:-
select suitable accounting policies and apply them consistently
-
make judgements and estimates that are reasonable and prudent
-
prepare the financial statements on the going concern basis unless it is in appropriate to presume that the trust will continue to operate.
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 enable them to ensure that the financial statements comply with ' The Charity (Accounts and Audit) Regulations 1995.
Signed on Behalf of the Trustees:
Chairman
Date:
Page 2
Accountants Report
To The Trustees of the community Growth Initiative
As described on page 2 you have approved the accounts for the period ended 28th February 2023 set out
on pages 4 to 6. In accordance with your instructions we have compiled these unaudited accounts
from the accounting records and information supplied to us.
Mr. Farroukh Zaheer (FCCA)
Zaheer and Company
Chartered Certified Accountants and Registered Auditors 63 Kingsway Burnage Manchester M19 2LL Date:
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Community Growth Initiative
Receipt & Expenditure Accounts
For The Year Ended 28th February 2023
| Notes Receipts 1 Expenditure 2 Net surplus Balance brought forward Balance carried forward |
2022 £ £ £ Restricted Un-restricted Un-restricted - 33,332 29,391 - 33,332 29,391 (37,721) (26,761) - (37,721) (26,761) - (4,389) 2,630 8,895 6,265 - 4,506 8,895 2023 |
|---|---|
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Community Growth Initiative
Balance sheet
For The Year Ended 28th February 2023
| Notes Fixed Assets Tangible Assets Current Assets Cash at bank and in hand 3 Current Liabilities Creditors & accruals 4 Net current assets Net Assets Capital £ reserves Reserves b/f Income of receipts over expenditure for the year |
£ £ £ Restricted - - - 5,010 - 5,010 - 504 - 504 - 4,506 - 4,506 - 8,895 - (4,389) - 4,506 2022-2023 Un-restricted |
£ £ - 8,895 8,895 - - 8,895 8,895 6,265 2,630 8,895 2021-2022 Un-restricted |
|---|---|---|
I Approve these Accounts and confirm that I have made available all the information and e for their preparation.
Ishaq Mahmood
Date:-------------------------------
Page 5
Community Growth Initiative
Notes to the Accounts
For The Year Ended 28th February 2023
| Note: 1 Restricted Un-restricted Donations - 33,332 Gift aid tax refund received - - - 33,332 Income from donations were accounted for on a receipt basis. Note: 2 Restricted Un-restricted Bank charges - 45 Accountancy - 960 Commission payable - 216 Charitable Expenditure - 36,500 Travel - - sundries - - - 37,721 Note: 3 Bank 5,010 5,010 Note: 4 Creditors & Accruals: - 504 The accounts have been completed on the receipt basis. 504 2023 |
2022 Un-restricted 27,895 1,497 29,392 Un-restricted 99 440 198 25,060 913.90 50.00 26,761 8,895 8,895 - - |
|---|---|
Page 6