MGUKF CIC

Company Registration Number:
12613063 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

MGUKF CIC

Contents of the Financial Statements

for the Period Ended 31 May 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

MGUKF CIC

Profit And Loss Account

for the Period Ended 31 May 2023

2023 2022


£

£
Turnover: 2,541 1,310
Cost of sales: ( 1,257 ) ( 960 )
Gross profit(or loss): 1,284 350
Distribution costs: ( 505 ) ( 350 )
Administrative expenses: ( 2,784 ) ( 1,314 )
Operating profit(or loss): (2,005) (1,314)
Profit(or loss) before tax: (2,005) (1,314)
Profit(or loss) for the financial year: (2,005) (1,314)

MGUKF CIC

Balance sheet

As at 31 May 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 347 1,019
Investments:   0 0
Total current assets: 347 1,019
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 3 ( 2,119 ) ( 786 )
Net current assets (liabilities): (1,772) 233
Total assets less current liabilities: (1,772) 233
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): (1,772) 233
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: (1,872 ) 133
Total Shareholders' funds: ( 1,772 ) 233

The notes form part of these financial statements

MGUKF CIC

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act 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.

This report was approved by the board of directors on 27 March 2024
and signed on behalf of the board by:

Name: Mavis OSEI-AGYAPONG
Status: Director

The notes form part of these financial statements

MGUKF CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MGUKF CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

MGUKF CIC

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 118 0
Other creditors 2,001 786
Total 2,119 786

COMMUNITY INTEREST ANNUAL REPORT

MGUKF CIC

Company Number: 12613063 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

Company provides financial literacy sessions to educated young people about budgeting, responsible use of credit cards, money saving techniques, fraud and other subjects – such as teaching attendees how to avoid coercion into committing fraud.

Consultation with stakeholders

STAKEHOLDERS:1. Youth participants2. Parents3. Employees4. Partner organisations5. MOPAC6. The Princes of Wales Charitable Trust7. Ghana Union8. Ghana Youth Day9. Barnet Council - Youth Service that can help strengthen his leg muscles.Consultation methods:1. Feedback sessions with youth participants and parents to discuss project progress andgather suggestions.2. Internal meetings and surveys for employees to share their input and concerns.3. Collaborative discussions with partner organisations to evaluate project outcomes andidentify areas for improvement.Actions taken in response to feedback:1. Adapting project activities and materials based on youth participants' interests and learningneeds.2. Developing a more flexible project schedule to accommodate young people and parents'availability and preferences.3. Implementing employee suggestions to improve communication and collaboration.4. Strengthening partnerships with other organisations to leverage resources and expertise forbetter project outcomes.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
27 March 2024

And signed on behalf of the board by:
Name: Ms. Mavis Osei-Agyapong
Status: Director