Charity number: 1186039 ## **THE MARY MAGDALENE PROJECT** (A Charitable incorporated Organisation) Annual Report and Financial Statements 1[st] September 2022 to 31 August 2023 Contents Legal and administrative information Report of the Trustees Balance Sheet Notes forming part of the financial statements Charity number: 1186039 Legal and administrative information Charity number 1186039 Registered address Mary Magdalene Church Wood Street BD8 8HY West Yorkshire Bd8 8HY Trustees Peter Tate Mohammed Sajid Robert Fleming Charity number: 1186039 ## **THE MARY MAGDALENE PROJECT** Trustees' Report The Trustees present their annual report and accounts for the first period ended 31 August 2022. Due to Covid lockdown during this period, the charity had dormant accounts. ## **Structure, governance and management** The Charity is constituted as a Charitable Incorporated Organisation (CIO) Foundation, as a body corporate under Part 11of the Charities Act 2011on the 29 October 2019: The CIO registered with the Charity Commission on the same day. Trustees are legally responsible for the governance and management of the charity. Trustees are responsible of setting strategies and policies for ensuring these are implemented. Risk management The charity's trustees have considered the major risks to which the charity is exposed and have reviewed potential risks. Systems and procedures have been put in place to manage the risks and to mitigate any adverse outcomes. Objectives and activities The governing scheme defines the charity's objects as being to: 1) To advance the education and promote the rehabilitation of those whose liberty has been restricted through imprisonment alongside those who are at risk of reoffending to develop the capacity and skills of the members of this disadvantaged community in such a way that they are better able to identify, and help meet, their needs and to participate more fully in society. 2) To advance in life and relieve needs of help young people in the city of Bradford through: (a) the provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life; (b) providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. 3 To advance education and to provide facilities in Bradford in the interests of social welfare for recreation and other leisure time occupations with the objects of improving the conditions of life. 4. To establish or secure the establishment of a community centre (hereinafter called 'the centre') and to maintain and manage the same. 5. The promotion of the Islamic religion for the benefit of the public by creating a public place of worship, giving lectures and handing out literature to enlighten others. Charity number: 1186039 Achievements and performance. The CIO was dormant during this period. Financial review No transaction took place during this period. Future plans. The Mary Magdalene Project (Charity number 1186039 ) is expected to start its fundraising soon and look at other streams of works Charity number: 1186039 Trustees' responsibilities statement The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting practice). The law applicable to charities in England &Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - Select suitable accounting policies and then apply them consistently; - Observe the methods and principles in the Charities SORP; - Make judgements and estimates that are reasonable and prudent; - State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the trustees on...... . ...and signed on their behalf by: ---------------------Mohammed Sajid Charity number: 1186039 Notes forming part of the financial statements for the year ended 31 August 2020. ## 1. Accounting policies (a) Basis of preparation the accounts have been prepared in accordance with the receipts and payments basis in accordance with the Charity Commission guidance. (b) Charity status The Charity is constituted as a Charitable Incorporated Organisation (CIO) Foundation, as a body corporate under Part 11ofthe Charities Act 2011on the 29 Oct 2019.The CIO registered with the Charity Commission on the same day. Fund accounting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. (d) Receipts All incoming resources are included in the Receipt g payment Accounts when the charity actually obtains legally entitled income. ## (e) Payments All expenditure is accounted for on payments basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with use of the resources. ## 2. Member liabilities The members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. ## 3. Debt outstanding There are no particulars of any debt outstanding at the date the statement of assets and liabilities which is owed by The Mary Magdalene Project and which is secured by an express charge on any of the assets of The Mary Magdalene Project. ## 4, Related Parties Controlling entity, the charity is controlled by the trustees. During the year the Trustees received no emoluments or incurred any expenses using Trust funds. |Balance Sheet as at 31-8-2023||||| |---|---|---|---|---| |(Dormant Accounts)||||| |Accountng Period 1-9-2022 to 31-8-2023||||| ||||2023|| ||£||£|| |**Fixed assets**||||| |Tangible assets||||0| |Total fixed assets||||0| |**Current assets**||||| |Stock and work in progress||0||| |Debtors||0||| |Cash at bank and in hand||0||| |**Liabilities**||||| |Creditors: amounts falling due within one year||0||| |Net current assets||||0| |Creditors: amounts falling due after one year||||0| |Provision for liabilities||||0| |Net Assets||||0| Reserves 2022