## **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
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
**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:
- examine the accounts (under section 145 of the 2011 Act)
- 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
- 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;
- (1) which gives me reasonable cause to believe that in any material respect the requirements
- **.** to keep accounting records in accordance with section 41 of the Act; and
- **.** to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
- (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:
Page 3
## **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**|
|---|---|
Page 4
## **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**|
|---|---|---|
I Approve these Accounts and confirm that I have made available all the information and ex for their preparation.
## **Ishaq Mahmood**
Date:-------------------------------
Page 5
**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|
|---|---|
Page 6