Community Growth Initiative
Trustee Report & Financial Statement
For The Year Ended 28th February 2024 Charity Registration number:1165507
Community Growth Initiative
CONTENTS
| Page | |
|---|---|
| Trustees and Professional Advisors | 1 |
| Trustees Report | 2 |
| Independent Examiner's 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 Wellington Road North Stockport SK4 5BS
BANKERS: Lloyds TSB Bank Plc 1 Legg Street Chelmsford CM1 1JS
ACCOUNTANTS: Zaheer and Company 63 Kingsway Burnage Manchester M19 2LL
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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
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make judgements and estimates that are reasonable and prudent
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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:
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INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF COMMUNITY GROWTH INITIATIVE
I report on the accounts of the Community Growth Initiative, registered charity number 1165507 for the accounts year ended 28th February 2024 set out on pages 4 to 6.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's trustees are responsible for the preparation for the accounts in accordance with the requirement of the Charities Act 2011 (''the Act''). The charity's trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts (under section 145 of the 2011 Act)
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Act); and in accordance FRS 102 SORP
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to state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT:
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
INDEPENDENT EXAMINER’S STATEMENT:
In connection with our examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that in any material respect the requirements
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. to keep accounting records in accordance with section 41 of the Act; and
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. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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 2024
| Notes Receipts 1 Expenditure 2 Net surplus Balance brought forward Balance carried forward |
2023 £ £ £ Restricted Un-restricted Un-restricted - 42,564 33,332 - 42,564 33,332 (20,837) (37,721) - (20,837) (37,721) - 21,727 (4,389) 4,506 8,895 - 26,233 4,506 2024 |
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Community Growth Initiative
Balance sheet
For The Year Ended 28th February 2024
| 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 - - - 26,773 - 26,773 - 540 - 540 - 26,233 - 26,233 - 4,506 - 21,727 - 26,233 2023-2024 Un-restricted |
£ £ - 5,010 5,010 504 504 4,506 4,506 8,895 (4,389) 4,506 2022-2023 Un-restricted |
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I Approve these Accounts and confirm that I have made available all the information and ex for their preparation.
Ishaq Mahmood
Date:-------------------------------
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Community Growth Initiative
Notes to the Accounts
For The Year Ended 28th February 2024
| Note: 1 Restricted Un-restricted Donations - 35,845 Gift aid - 6,718 - 42,564 Income from donations were accounted for on a receipt basis. Note: 2 Restricted Un-restricted Bank charges - 231 Accountancy - 606 Commission payable - - Charitable Expenditure - 20,000 - 20,837 Note: 3 Bank 26,773 26,773 Note: 4 Creditors & Accruals: - 540 The accounts have been completed on the receipt basis. 540 2024 |
2023 Un-restricted 33,332 - 33,332 Un-restricted 45 960 216 36,500 37,721 5,010 5,010 504 504 |
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