for the Period Ended 31 December 2022
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
As at
Notes | 2022 | 2021 | |
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| £ | £ | |
Fixed assets | |||
Intangible assets: | | | |
Tangible assets: | | | |
Investments: | | | |
Total fixed assets: | | | |
Current assets | |||
Stocks: | | | |
Debtors: | | | |
Cash at bank and in hand: | | | |
Investments: | | | |
Total current assets: | | | |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Creditors: amounts falling due after more than one year: | 3 | ( | ( |
Total net assets (liabilities): | ( | ( | |
Members' funds | |||
Profit and loss account: | ( | ( | |
Total members' funds: | ( | ( |
The notes form part of these financial statements
The directors have chosen not to file a copy of the company's profit and loss account.
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2022
Basis of measurement and preparation
Turnover policy
for the Period Ended 31 December 2022
2022 | 2021 | |
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Average number of employees during the period | | |
for the Period Ended 31 December 2022
2022 | 2021 | |
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£ | £ | |
Bank loans and overdrafts | | |
Total | | |
Global Rise continued to serve the community in Kingston and South West London during the financial year 2021/22. We have continued our main activities encouraging integration and community engagement through our weekly community cafe. We have served over a thousand visitors in the past year. We have facilitated engagement between the community and the public and private sectors. We have also provided post-Covid help and support for community members and their families. Utilising the Asset-Based Community Development (ABCD) methodology we have created two social enterprises with members from the community. One enterprise was initiated by migrant and refugee ladies that worked with us to establish a community cleaning business that can help individuals with employment and training as well provide an affordable cleaning service to households in the community. The other was established with some of our recent graduates that we have been supporting for the past 5/6 years during their academic journey through our Community Access to Education project. The students graduated from engineering degrees from multiple UK universities and they have now established Global Decor, a construction and decoration business that will allow them to pursue their engineering careers and create opportunities for others in the community. We are aiming to roll out our ABCD programme in the following year to encourage more members of the community to come together and create meaningful and beneficial projects for the community to tackle the cost of living crisis and other community problems.
The company's stakeholders are those who are involved in Community development, engagement and integration as well as those who work with them. Of specific significance are the Royal Borough of Kingston Upon Thames (Kingston council), NHS Kingston and Kingston CCG, Metropolitan Police Kingston BOCU, the London Probation Service, Jobcentre Plus, Kingston University Health Watch Kingston and Kingston Independent Network of Creatives (KING). Global Rise's activities stem from consultation with the people who benefit from the company's work. Global Rise maintains a series of consultative events using a mixture of co-production and an asset-based community development (ABCD) approach to not only encourage the community to define what would help them sustain recovery and improve quality of lives, but also allow them to build skills toward volunteering and helping deliver community activities.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
30 September 2023
And signed on behalf of the board by:
Name: MAHMOUD ALNAFFAKH
Status: Director