Charity Registration Number : 1211837 Company Registration Number : 1211837
OLIVE COMMUNITY ENTERPRISE
A COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 01 AUGUST 2025
OLIVE COMMUNITY ENTERPRISE
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 01 AUGUST 2025
| Trustees | Mahwish Hanif |
|---|---|
| Gemma Denn | |
| Miriam Louise Ullah | |
| Rebecca Shaw | |
| Charity Number | 1211837 |
| Company Number | 1211837 |
| Registered Ofce | Olive High |
| Shorey Bank | |
| Burnley | |
| BB11 2RY | |
| Secretary | Mahwish Hanif |
OLIVE COMMUNITY ENTERPRISE
CONTENTS
FOR THE YEAR ENDED 01 AUGUST 2025
Trustees' Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
OLIVE COMMUNITY ENTERPRISE
TRUSTEES' REPORT
FOR THE YEAR ENDED 01 AUGUST 2025
The trustees present their annual report and financial statements for the year ended 01 August 2025.
Trustee's report and financial statements
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 01 August 2025. 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).
Objectives and activities
The objectives of Olive Community Enterprise are:
To advance education and training for the benefit of the public, in particular by delivering talks, workshops, learning programmes and community education initiatives that promote personal development, skills, and positive values.
To promote social inclusion and community cohesion, particularly among people from disadvantaged or minority backgrounds, by providing activities and events that bring people together and reduce isolation.
To relieve poverty and disadvantage, where present, by offering advice, information, signposting and practical support to individuals and families in need.
To promote health, wellbeing and recreation by providing safe community spaces, facilities and activities that support physical, mental and social wellbeing.
To provide community facilities and services for charitable purposes that benefit the general public and strengthen local communities, primarily within Burnley and surrounding areas.
Trustees
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mahwish Hanif (Appointed On: 23/01/2025) Gemma Denn (Appointed On: 23/01/2025) Miriam Louise Ullah (Appointed On: 23/01/2025) Rebecca Shaw (Appointed On: 23/01/2025)
Trustee's responsibilities statement
The trustees, who are also the directors of Charity For Olive Community Enterprise for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law 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, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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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 adequate 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 Companies Act 2006. 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.
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This report was approved by the trustees and signed on its behalf by:
Mahwish Hanif,Gemma Denn,Miriam Louise Ullah,Rebecca Shaw Trustees
Date : 19 February 2026
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OLIVE COMMUNITY ENTERPRISE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 01 AUGUST 2025
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Total Expenditure on: Charitable activities 3 Total Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ 10.00 10.00 10.00 10.00 - - - |
Total Funds 2025 £ 10.00 |
|---|---|---|
| 10.00 | ||
| 10.00 | ||
| 10.00 | ||
| - - |
||
| - |
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OLIVE COMMUNITY ENTERPRISE
BALANCE SHEET
FOR THE YEAR ENDED 01 AUGUST 2025
| Recommended categories by activity | Notes | Total Funds 2025 £ |
|---|---|---|
| Funds of the Charity | ||
| Unrestricted funds | 4 | |
| Restricted funds | 4 | |
| Endowment funds | 4 | |
| Total funds |
For the year ended 01 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 19 February 2026 and signed on its behalf by:
Mahwish Hanif,Gemma Denn,Miriam Louise Ullah,Rebecca Shaw Trustees
Date : 19 February 2026
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OLIVE COMMUNITY ENTERPRISE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 01 AUGUST 2025
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
2. Income from Donations and Legacies
| 2. Income from Donations and Legacies | 2. Income from Donations and Legacies | 2. Income from Donations and Legacies | 2. Income from Donations and Legacies | ||
|---|---|---|---|---|---|
| Analysis Unrestricted funds Total funds 2025 £ £ Donation and gifts 10.00 10.00 Total 10.00 10.00 3. Expenditure on Charitable Activities Analysis Unrestricted funds Total funds 2025 £ £ Donations 10.00 10.00 Total 10.00 10.00 4. Charity funds 4.1 Details of material funds held and movements during the CURRENT reporting period Fund names Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward £ £ £ £ £ £ Unrestricted funds Olive Community Enterprise - 10.00 10.00 - - - |
Total funds 2025 £ 10.00 |
||||
| 10.00 | |||||
| Total funds 2025 £ 10.00 |
|||||
| 10.00 | |||||
| - | 10.00 10.00 - |
- | - |
4.1 Details of material funds held and movements during the CURRENT reporting period
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