## **Trustees’ Report & Accounts**
**for the period 08 February 2023 (inception) to 31 December 2023**
**© The Kaloleni Project 2024**
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Registered charity no. 1201874
## **Introducing The Kaloleni Project**
The Kaloleni Project is a new charity, it was registered in February 2023; thus this is the trustees’ first report and covers the charity’s opening months only.
The Kaloleni Project has been formed as a Charitable Incorporated Organisation with the objective of alleviating poverty. We aim to work, primarily in the UK but our constitution also allows for activity and spending some in other parts of the world.
We intend to do this by providing grant support to individuals, other charities, and other organisations as appropriate.
The charity has undertaken neither income generation nor spending in this first period.
All expenses incurred in registering the charity have been borne by the founding trustees, who have also claimed no expenses in this period. This is reflected in the brief accounts included with this report.
## **Vision**
Our intent is to be a vehicle for our community to support those in need.
Our constitution allows this in a broad sense by establishing our _charitable object_ as addressing poverty.
Future grants will prevent or alleviate poverty by assisting in the provision of education, training, healthcare and support to enable individuals to be self-sufficient.
We envisage the charity developing the capacity and skills of disadvantaged members of our communities in such a way that they are better able to identify, and help themselves to meet, their needs, and thus to participate more fully in society.
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Registered charity no. 1201874
## **Charity details**
Trustees this period:
Mr Majid Asghar Mr Mohammed Imran Mr Mohammed Ismail Laher (Chair)
Charity Address:
23 Blucher St
Bradford West Yorkshire BD4 8BP
The charity in constituted as a CIO with charity number 1201874.
The trustees affirm that they have applied due regard to the guidance issued by the Charity Commission on charities working for public benefit.
will allow us to operate effectively and transparently in the future.
We have been somewhat frustrated by difficulties in arranging banking facilities, with several high street banks declining to service a brand new organisation that may be transferring monies abroad.
As a result of these administrative issues, trustees chose not to undertake any fundraising activities or make any grants in this period.
## **Plans for 2024**
Our plans for the coming year are to:
- recruit additional trustees
- open a bank account
- develop a fundraising strategy
- generate our first funding
However, we do not anticipate commencing any grant giving or other expenditure in 2024.
Signed on behalf of the board.
## **Report for the period**
The key achievement was the successful registration of the charity with The Charity Commission for England & Wales. Alongside this we developed a number of policies that
## Mohammed I Laher
_Founder & Trustee 31 December 2023_
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Registered charity no. 1201874
## **Accounts**
|**_Statement of financial activities for the_**|**_period ending 31_**|**_December_**|**_2023_**|
|---|---|---|---|
||Unrestricted|Restricted|
**Total**|
||funds £|funds £|
**Funds £**|
|**INCOME**||||
|Donations from Trustees|500|0|
**500**|
|**EXPENDITURE**||||
|_Charitable activities_|_0_|_0_|
**_0_**|
|_Cost of generating funds_|_0_|_0_|
**_0_**|
|_Governance_|_500_|_0_|
**_500_**|
|Total Expenditure|500|0|
**500**|
|**NET INCOME/(EXPENDITURE)**|
0|0|
**0**|
|**RECONCILIATION OF FUNDS**||||
|Total funds brought forward|0|0|
**0**|
|Total funds carried forward|0|0|
**0**|
|**_Balance sheet at 31 December 2022_**||||
|**CURRENT ASSETS**||||
|Cash at bank and in hand|£ 0|||
|**CURRENT LIABILITIES**||||
|Current liabilities|£ 0|||
|**NET ASSETS**|**£ 0**|||
|Represented by:||||
|Unrestricted funds|£ 0|||
|Restricted funds|£ 0|||
|These financial statements are approved||||
|by the board on 27 August 2024||||
## Mohammed I Laher
Chair of the trustees
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Registered charity no. 1201874
## _**Notes to the financial statements**_
## **Basis of preparing the financial statements**
The financial statements of the charity are prepared on a cash basis for this opening period
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, and they have been received (cash accounting).
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, and payment has been made (cash accounting).
## **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. Such restrictions arise when specified by the donor or when funds are raised for particular purposes. There are no funds held at the end of this period.
## **Hire purchase and leasing commitments**
None in this opening period.
## **Salary and pension costs**
None in this opening period.
## **Trustees’ remuneration and benefits**
None in this opening period.
## **Trustees’ expenses**
None in this opening period.
## **Related party disclosures**
None in this opening period.
## **Reserves policy**
The charity has not yet accumulated reserves.
## **END**
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Registered charity no. 1201874