Company registration number 10894509 (England and Wales)
COALITION FOR GLOBAL PROSPERITY
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
COALITION FOR GLOBAL PROSPERITY
COMPANY INFORMATION
Directors
Dr J D Dray
Ms C T Esser
Mr S J Bishop
Ms K J McNeill
Rt Hon A J H Burt
Mr P A Bos
Mr Ryan Henson
Mrs Louise James
(Appointed 25 April 2023)
Secretary
Mr S J Brown
Company number
10894509
Registered office
Public Hall
1 Horse Guards Avenue
London
England
SW1A 2HU
Accountants
Kirk Rice LLP
The Courtyard
High Street
Ascot
Berkshire
SL5 7HP
COALITION FOR GLOBAL PROSPERITY
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
COALITION FOR GLOBAL PROSPERITY
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF COALITION FOR GLOBAL PROSPERITY FOR THE YEAR ENDED 31 MARCH 2024
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Coalition For Global Prosperity for the year ended 31 March 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Coalition For Global Prosperity, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Coalition For Global Prosperity and state those matters that we have agreed to state to the Board of Directors of Coalition For Global Prosperity, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Coalition For Global Prosperity and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Coalition For Global Prosperity has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of Coalition For Global Prosperity. You consider that Coalition For Global Prosperity is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Coalition For Global Prosperity. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Kirk Rice LLP
20 January 2025
The Courtyard
High Street
Ascot
Berkshire
SL5 7HP
COALITION FOR GLOBAL PROSPERITY
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 2 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
31,492
4,576
Cash at bank and in hand
714,128
1,284,259
745,620
1,288,835
Creditors: amounts falling due within one year
4
(438,309)
(976,916)
Net current assets
307,311
311,919
Reserves
Income and expenditure account
307,311
311,919
Members' funds
307,311
311,919
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements 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 board of directors and authorised for issue on 20 January 2025 and are signed on its behalf by:
Dr J D Dray
Director
Company registration number 10894509 (England and Wales)
COALITION FOR GLOBAL PROSPERITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information
Coalition For Global Prosperity is a private company limited by guarantee incorporated in England and Wales. The registered office is Public Hall, 1 Horse Guards Avenue, London, England, SW1A 2HU.
Coalition For Global Prosperity is a not-for-profit public benefit entity.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Grants received are measured in the period that they relate to. Income that is not used is deferred to the following year.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the financial instrument.
Debtors
Debtors do not carry interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired.
Creditors
Creditors are not interest bearing and are included at their nominal value.
1.5
Taxation
The company is exempt from corporation tax, it being a company not carrying on a business for the purposes of making a profit.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
COALITION FOR GLOBAL PROSPERITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
12
11
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
31,492
4,576
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
48,657
13,808
Taxation and social security
14,454
Other creditors
389,652
948,654
438,309
976,916
5
Members' liability
The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £1.