**Registered Charity Number:**
**1188954**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023**
**FOR**
**PAVE THE WAY CIO**
**Registered Charity Number: 1188954**
## **CONTENTS**
|**CONTENTS**||
|---|---|
||PAGE|
|Report of the Trustees|1|
|Independent Examiners Report|2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Notes to Financial Statements|5 to 8|
|Detailed Statement of Financial Activities|9|
**Registered Charity Number:**
**1188954**
## **REPORT OF THE TRUSTEES FOR THE PERIOD ENDING 5 APRIL 2023**
The trustees present their report with the financial statements of the charity for the year ended 5 April 23. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
Registered Charity number 1188954 **Principal address** The Coach House 3A Gorsey Brow Broadbottom Hyde Cheshire SK14 6EA **Trustees** P K Wardale Chair Dr S S Mohammad-Qureshi Trustee (appointed 1.5.21) Y Asma (appointed 1.5.21) K Withane (appointed 1.5.21) M L Wardale Trustee N P Maitland Trustee **Independent Examiner** TJ UK Accounting Ltd 132 Penrith Avenue Ashton under Lyne Lancashire OL7 9JQ 28/08/24 Approved by order of the board of trustees on ............................................. and signed on its behalf by: SIGNATURE Mark Wardale PRINT NAME **PAGE 1**
**Registered Charity Number:**
**1188954**
## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF PAVE THE WAY CIO**
## **Independent examiner's report to the trustees of Pave the Way CIO**
I report to the charity trustees on my examination of the accounts of Pave the Way CIO (the Trust) for the year ended 5 April 2023
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. Accounting records were not kept in repsect of the Trust as required by section 130 of the Act;
2. The accounts do not accord with those records
3. The accounts for not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
PAGE 2
**Registered Charity Number:**
**1188954**
|**STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2023**
**05.04.2023**
**INCOME AND ENDOWMENTS FROM:**
Donations and Legacies
3,923.00
**EXPENDITURE ON**
Raising Funds
766.00
**NET INCOME**
**3,157.00**
**RECONCILATION**
Total funds brought forward
6,194.00
**TOTAL FUNDS CARRIED FORWARD**
**9,351.00**|**05.04.2022**
5,805.00
701.00
**5,104.00**
1,090.00
**6,194.00**|
|---|---|
PAGE 3
**Registered Charity Number:**
**1188954**
## **BALANCE SHEET: 05-Apr-23**
|**CURRENT ASSETS**
Cash at Bank
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
Unrestricted Funds
**TOTAL FUNDS**||**05.04.2023**
9,351.00
9,351.00
9,351.00
**9,351.00**
9,351.00
**9,351.00**||**05.04.2022**
6,194.00
6,194.00
6,194.00
**6,194.00**
6,194.00
**6,194.00**|
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 28/08/24
## **SIGNATURE**
Mark Wardale
## **PRINT NAME**
PAGE 4
**Registered Charity Number:**
**1188954**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023**
## **ACCOUNTING POLICIES**
## **1. Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
PAGE 5
**Registered Charity Number:**
**1188954**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 - continued**
## **2. RAISING FUNDS**
|Raising donations and legacies
Support Costs|**05.04.2023**
766.00|**05.04.2022**
701.00|
|---|---|---|
## **3. TRUSTEES REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 5 April 2023 nor for the period ended 5 April 2022
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 5 April 2023 nor for the period ended 5 April 2022
## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**NET INCOME**
**TOTAL FUNDS CARRIED FORWARD**
**5. MOVEMENT IN FUNDS**
**Unrestricted Funds**
General Fund
**TOTAL FUNDS**|**AT**
**06.04.22**
6,194.00
**6,194.00**|5,104.00
5,104.00
**5,104.00**
**NET**
**AT**
**MOVEMENT**
**05.04.23**
3,157.00
9,351.00
**3,157.00**
**9,351.00**|
|---|---|---|
PAGE 6
**Registered Charity Number:**
**1188954**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 - continued**
## **5. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows
|**Unrestricted Funds**
General Fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted Funds**
General Fund
**TOTAL FUNDS**|**INCOMING**
**RESOURCES MOVEMENT**
**RESOURCES**
**EXPENDED**
**IN FUNDS**
3,923.00
766.00
-
3,157.00
**3,923.00**
**766.00**
**-**
**3,157.00**
NET
MOVEMENT
AT
IN FUNDS
05.04.22
5,104.00
5,104.00
**5,104.00**
**-**
**5,104.00**|
|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted Funds**
General Fund
**TOTAL FUNDS**|**INCOMING**
**RESOURCES MOVEMENT**
**RESOURCES**
**EXPENDED**
**IN FUNDS**
5,805.00
701.00
-
5,104.00
**5,805.00**
**701.00**
**-**
**5,104.00**|
|---|---|
PAGE 7
**Registered Charity Number:**
**1188954**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 - continued**
## **6. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 5 April 2023
PAGE 8
**Registered Charity Number:**
**1188954**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2022**
|**INCOME AND ENDOWMENTS**
**Donations and Legacies**
Donations
Total incoming resources
**EXPENDITURE**
**Support Costs**
**Management**
Advertising
**Finance**
Sundries
Bank Charges
Platform charges
Total resources expended
**Net Income**|**YEAR**
**ENDED**
**05.04.2023**
3,923.00
550.00
216.00
-
-
216.00
766.00
**3,157.00**|**YEAR**
**ENDED**
**05.04.2022**
5,805.00
300.00
277.00
34.00
90.00
401.00
701.00
**5,104.00**|
|---|---|---|
PAGE 9