## **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:
Page 3
## **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**|
|---|---|
Page 4
## **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