MITY UK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR-ENDED 31 JULY 2024
CIO Number: 1205853
MITY UK
| Contents | Page |
|---|---|
| Legal and Administration | 1 |
| Trustees Annual Report | 2 |
| Statement of Principal Accounting Policies | 3 |
| Report of the Independent Examiner | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
MITY UK
LEGAL AND ADMINISTRATION INFORMATION
Constitution
Mity UK is a registered Charitable Incorporate Organisation (CIO) - Charity number: 12058453.
Directors and Trustees
The directors of the charity are its trustees for the purpose of the charity law and throughout this report are collectively referred to as the trustees. As set out in the constitution, the trustees nominate the chairman of the trustees. Trustees are elected by the members of the Charity and normally serve a period of three years, after which they must put themselves forward for election of a second term of a further three years. Trustees can normally serve a maximum of two terms and have the powers to co-opt up to three members to fill specialist roles.
The trustees serving during the year and since the year-end were as follows:
Elected Trustees
Mr Ibrahim Barry (Chair) Mr Alassane Sow Barry Ms Kadjatou Barry
Co-opted Trustees
There were no co-opted trustees during the year.
Registered Office
62a Peckham Rye London, SE15 4JR
Independent Examiner
Hagos & Sons Ltd, Chartered Certified Accountants, 52 Harlinger Street, London SE18 5SY.
Page 1
MITY UK
TRUSTEES ANNUAL REPORT
Mity UK trustees submits their annual report together with the independently examined statement of financial activities for the year ended 31 July 2024.
Principal activities and objectives
The object of the CIO is:
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The prevention or relief of poverty in the UK or Guinea by the provision of water pumps in Guinea and by providing items of food, grants to individuals in need and/or charities or other organisations working to relive poverty.
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The advancement of education for those living in London and surrounding areas by providing sessions in education, particularly but not exclusively, in basic English, Maths and Science.
Results for the period and state of affairs as at 31 July 2024
Mity UKk is required to prepare accounts for each financial year, which give a fair view of the state of affairs of the COI and the surplus or deficit for the period. In preparing those accounts the trustees are required to select suitable accounting policies and then apply them consistently. The trustees are responsible for keeping accounting records, which disclose with reasonable accuracy at any time the financial position of the COI.
The results of the period ended 31 July 2024 and the balance sheet as at that date are set out on page 4 to 6. The result for the year was a surplus of £3,720 (2023: N/A). The balance in reserve account as at that date was £3,720 (2023: N/A).
Independent Examiner
Hagos & Sons Ltd, Chartered Certified Accountants.
Signed on behalf of the Trustees
Ibrahim Barry Chairman 14 June 2025
Page 2
MITY UK
STATEMENT OF PRINCIPAL ACCOUNTING POLICIES
1. Basis of Accounting
The statement of financial activities has been prepared under historic cost convention and in accordance with SORP 2000.
2. Cash Flow
The statement of financial activities does not include a cash flow statement because the CIO is exempt from the requirement to prepare such a statement under the Financial Reporting Standards 1 “Cash flow Statement”.
3. Continuing Operations
The income and operating surplus for the year wholly drive from continuing operations.
4. Total Recognised Gains and Losses
The Charity has no recognised gains or losses other than the income and expenditure shown in the financial statements of activities.
5. Creditors: Falling due after more than one year
The CIO has no creditors which fall due after more than one year.
6. Equipment and Furniture
Expenditure on equipment and furniture is written off in full to the income and expenditure accounts in the accounting period incurred.
Page 3
MITY UK
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
I report on the accounts of Mity UK for the year to 31 July 2024, which are set out on pages 4 to 6.
Respective Responsibilities of Trustees and Examiner
The Trustees are responsible for the preparation of the statement of financial activities. The CIO consider that an audit is not required for this year and that an independent examination is needed.
It is my responsibility to:
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examine the accounts.
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to follow the procedures laid down in SOROP 2000; and
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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 SOROP 2000. An examination includes a review of the accounting records kept by the CIO and comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanation from you as the 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 my 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 1993 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 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.
Hagos & Sons Ltd Chartered Certified Accountants 52 Harlinger Street London SE18 5SY
14 June 2025
Page 4
MITY UK
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 July 2024
| Notes INCOMING RESOURCES Operating of Community Centre Activities Donations Interest Receivable Total Incoming Resources Less: Cost of Generating Funds Net Incoming Resources Available for Charity Applications RESOURCES EXPENDED Cost of Operating Charity Activities 3 Managing and Administering the Charity 3 Total Resources Expended Movement in Total Funds for the Year - Net Income/(Expenditure) for the year Total Funds Brought Forward Total Funds Carried Forward |
Total Total Unrestricted Restricted Funds Funds Funds Funds 2024 2023 £ £ £ £ 0 0 0 0 5,720 0 5,720 0 0 0 0 0 |
|---|---|
| 5,720 0 5,720 0 0 0 0 0 |
|
| 5,720 0 5,720 0 |
|
| 2.000 0 2,000 0 0 0 0 0 |
|
| 2,000 0 2,000 0 |
|
| 3,720 0 3,720 0 0 0 0 0 |
|
| 3,720 0 3,720 0 |
- The statement of financial activities includes all gains and losses recognised in the year. ** All incoming resources, resources expended, and net incoming (outgoing) recourses derive from continuing activities.
Page 5
MITY UK
BALANCE SHEET AS AT 31 July 2024
| Fixed Assets Tangible Assets Investments Current Assets Debtors Cash at Bank and in Hand Creditors: Amounts falling due within one year – deferred grant Net Current Assets Total Assets Less Current Liabilities Creditors: Amounts falling due after more than one year Unrestricted Funds General Designated Restricted Funds |
Notes | 2024 £ 0 0 0 0 3,720 3,720 3,720 0 0 3.720 3,720 3,720 0 **3,720 ** |
2023 £ 0 0 |
|---|---|---|---|
| 0 | |||
| 0 0 |
|||
| 0 | |||
| 0 | |||
| 0 0 |
|||
| 0 | |||
| 0 0 |
|||
| 0 0 |
|||
| 0 |
Approved by the trustees on 14 June 2025 and signed on its behalf by Ibrahim Barry Chairman Page 6