Interpal ANNUAL REPORT AND FINANCIAL STATEMENTS For the Year Ended 31st December 2023 Registered Charity No. 1040094 Palestinians Relief and Development Fund
CONTENTS Legal and Administrative Inlomiation Annual Report of the Trustees Inlerpal.. Slruclure, Govemance and Management Vision, Objectives, and Activities How Inlerpal Works Pertomiance and Objectiveg for 2023 Objectives for 2023 Future Plans for 2024 Financial Review Income Expenditure Reserves and Funds Carried Forward Going Concern Statement of Tru51ees' Responsibilities in Relation to the Finanaal Statements Financial Statements Independent Examinerfs Report Slalemenl of Financial Activities Balan Sheet Notes lo the Financial Slalemenls 10 12 Inlerpal Annual Report & Financial Statements 2023 Registered Cliarity No. 1040094
LEGAL AND ADMINISTRATIVE INFORMATION Charity Number.. 1040094 {conslituted by the Charitable Twsl govemed by Trust Deed) Address of Principal Office: PO Box 53389 T.. 020 89619993 London E.. inlo@inlerpal.rMg W.. vA.1n1erpa.0rg NW10 United Kingdom Name of Trustees Dr Essam Muslafa Mr Ismail Ginwalla MBE Ms Saher Usmani Senlor Personnel Secretary lo the Trustees: Mr Jihad nd11 Independent Examiners M Akram & Co. Chartered Accounlanls 413 Lea Bridge Road London, E10 7EA Sollcltors Carter-Ruck Soli¢ilors 6 Sl Andrew Street London, EC4A 3AE Interpal Annual Report & Financial Statements 2023 Registered Charity No. 1040094
ANNUAL REPORT OF THE TRUSTEES The Tnjstees present their rwrt along wth their financial statements of Ihe charity for the year ended 31st Dember 2023 The financial statements have been prepated based the aLuunling Fdioes set out in Note 1 of the financial statements and comply with the charity's Trust De. Inter al.. Structure Governance and Mana ement Inlerpal is a charity organised, registered. headquartered and OFtrating in the United lfjngdom under the supervision of the regulator in 8rilain. the Charity Commission, as 4%EII as government authorities. It deliver5 rkS lo support Palestinians in need ihrough ulilising its expertise lo facilitate aid. advocacy and awareness f(x Paleslinian human rights. Inlerpal works wlh those Yilh a thorough knoYAedge of the dire humanitarian siluab'on ol the Palesb'nians as well as the complexities and sensits'vilies of Palestinian SLKiety. vthether in the Wesl Bank and Gaza Strip. or the refug camps in Jordan and Lebanon. sin 2020, Interpal has realigned how il YKsrks to safeguard its benefiaaries and its legacy as the charity adapls lo changes caused by extemal lactcKs and obslades. Overall management and decision-making rests wth the Interpal Board ol Truslees. Vision Ob'ectives and Activities Ision: To emWer Palestinians to la theirchallenges and hardships in our principal areas of operation.. The Wesl Bank, Gaza Strip and the refugee cafflps in Jordan and Lebanon. Objectives: Advocate for the rdief of econornic hardship fac&J by Palestinians. Promote the importance of gcA)d health thIn the Palestinian ccKnmunty. Support initiative5 thal help education ILY Palestinians. Prowde support and capacity building f(& Organisati5 vKffkirvJ lo supp)rt Palestinian human rights. Raise awareness &knut the causes of the humanitarian (sIS affecting Paleslinians. including poverty, and how to allewate IL How Inter al Works Inlerpal is a charity regislered in the UK. Interpal's principal area of Irk now f(se5 on community development and vocacy & awareness. By engaging in awareness rAmpaigns. Intetpal is at4e lo highlHJhl issues cOnmIng Pale5bnians and their plight in order lo raise necessary funds lo support the tharitable VIrk to SUPFQrt them. Board of Trustees The Inlerpal Board of Trustees bear5 the responsibilty for formulating and implementing the charity's p)liaes.11 also oversees overall managemenL In addition to p0ErS such as providing grants lo help alleviate poverty, the truslees can establish and support development and rehabililalion projects, encourage employment and sell-dependency, and constwct. maintsin and support holy pla$. Recruitment and Appointment of Trustees The Trust Deed provides that. "Every future Truslee shall te apFoinled by a resolubon of the trustees passed al a special meeting called by the Chaimlan or any trustees not less ihan nty-One days. noti being given to the other Iruslees of the appointment ol a new tru5tee.' (Artscle E}. Interpal Annual Report & Financial Statements 2023 Registered Ch¢irity No. 1040094
Induction and Training of Trustees The Iruslees are encouraged to undergo ongoing training lo fuffil their reSnsIbilItieS and development. Upon induction, trustees are provided with adequate training and ale kept well infomied oflhe ongoing fluKI situation in the charity's key areas ol opeialion. They are also kept infom)ed ol any organisatKsnal or stnjdural changes in keeping IMth gcod govern8n. To ensure that the trustees are up to dale ylti recent Charity Commission guidelines and expedations of truslees. they are provided wth regular updales, releases and training materials to review and action. Risk Management Inlerpal continues to have relevant operations prc(edures in as outlined in its Relationships and Funding Operations Manual. All significant activities undertaken are subject to a risk rewew as part of the initial project asse55menl and implemenlalion. Major risks are idenbfied and ranked in leryns of their potential impact. The tnjstees review the risks on an ongoing basis and sab'sfy Ihemsdves that a1equale syBlems and prlureS a in FIKe to manage the risks idenb'fied. Where appropriate, risks are o)vered by insuran. Public Benefit The trustees confim that Inlerpa has compli&J I1h and reccrfjnises the Importan of the Charib'es Ad 2011 in referen to public èenefil. Inlerpal has referred lo the Charity Commission's guidan and has due regard to public benefit en developing, reviewing and implementing the charity's vision. aims, ctiectives, and future strategy. Gifts.in.Kind Gifts in kind are recJ)gnised and caimtalised at the vdue to the thartty vA)ere this can be quantified. Remuneration Polity Inlerpal's trustees have sel up a pay scale. wth the help of professional advi. Staff are appraised and assessed on their performance, and all pay in{Se$ a based on these annual revie$ and appraisals. PERFORMANCE AND OBJECTIVES FOR 2023 Ob'ectives for 2023: 1. Provide expertise and capacty building support to other organisations working to provide humanitarian aid for Palèstinians in need. In line wth the trustees, decisions and the ongc¥ng mission. Inlerpal continued to suppM)rt other organisations working for Palestine Ihrough ils knovledge and exterb'se. 2. Continue and strengthen advocacy and awareness raising Vrk to support Palestinian human rights. The charity continued to support this objective through its fOS on advocacy and awareness.. by maintaining the website and its messaging lo donors as well as suppo.9 other Palestine and human rights campan$ through ils communications and nefvks. Future Plans.. Continue and strengthen advocacy and awareness rai%ing to SUPFrf)rt Palestinian human rights. Provide expettise and capauty building supkx)rt to olher organisalions vk)rking to Pfomde humanitarian aid for Palesb'nian5 in need. Interpal Annual Report & Financial Statements 2023 Registered Charity No. 1040094
FINANCIAL REVIEW Income Inlerp81's lolal intX)me for 2023 amounted to £92,58112022.' £163,550). enditure The total amount expended in 2023 was £90.45612022'. £225,503}. In lolal, 83% of the lolal amounl expended was allocated as part of our community development programme lo provide operational support for chariiies and 17% was allocated as part of the Advocacy and Awareness programm&. All the indired and ovethead operational costs of the central function to ensure delivery of the charity's objectives have been apportioned lo charitable and awareness activities in proportion lo the dired expenditure incuffed (see notes 5 and 61. Reserves and Funds Carried Forward In line wlh the new Modus Operandi ol V)e charity the reserves policy was revised lo be aligned with planned changes lo operational Costs. The charity's financial records slate that unreslricled funds of £93,569 are carried forward into 2024. The Iruslee5 are confident thi5 ensures the charity as a going concern for more than 12 months. Goin Concern The Iruslees have reviewed the organisalion's financial position, level ol reserves, finan¢ial and risk management and are satisfied that the funds available are sufficient for the year ahead. The refocus and adapting of the charity on supporting Palestinians in need via ils expertise and as a trusted source of information and support wll ensure the continuity of the charity. The financial arrangements in place meet any immediate operational reqL*irements and in line wlh the revised modus operandi there are minimal projected costs in the luluie. The Board of Tru51ees conl'nues lo adopi the going concern basis in preparing the accounts. Interpal Annual Report & Financial Statements ?023 Registered Charity No. 1040094
Statement of Trustees, Res onsiblllties in Relation to the Financial Statements The trustees are responsible for preparing the Trustees, Report and the financial sialemenls in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102.. The Financial Rerx)rting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practi1. The law applicable lo charities in England and Wales requires the Iruslees lo prepare financial slalemenls for each financial year which give a true and fair view of the slate ol affairs of the charity and of the income and expenditure ol the charity for that period. In preparin9 these financial slalemenls, the Trustees are required lo., select suitable a¢counling policies and then apply them consislenlly. observe the methods and principles in the Charities SORP., make judgments and accounting eslimales that are reasonable and prudent,. slate whether appli¢able accounting standards have been lollowed, subjeci lo any material departures disclosed and explained in the financial slalemenls.. and prepare the financial statements on the going concem basis unless il is inappropriate lo presume that the charity wll continue in business. The Iruslees are responsible for keeping sufficient accounting rKords that disclose with reasonable accuracy at any lime the financial position ol the charity and enable them lo ensure that the financial slalemenls comply with the Charities Act 2011. the Charity (Accounts and Reports) Regulalions 2008 and the provision5 01 the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence lor taking reasonable steps for the prevention and detection ol fraud and other irregularities. The Injslees are responsible for the maintenance and inlegrty of the charity and financial inlomialion included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial 51alemenls may differ Irom legislatson in other jurisdictions. Approved by the 8oard of Trustees and signed on behalf ol the Board.. Dr E$¥am Mustafa-Tru8tse Date: 17.10.2024 Interpal Annual Report & Financial Statements 2023 Registered Charity No. 1040094
PALESTINIANS RELIEF AND DEVELOPMENT FUND- INTERPAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 Index Conlenis Independent Examiner's Report Slalernenl of Financial Activities 10 Balance Sheet Notes lo the Financial Slalements 12 Interpal Annual Report & Financial Statements 2023 Re&Fistered Charity No. 1040094
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PALESTINIANS RELIEF AND DEVELOPMENT FUND- INTERPAL I report lo the trustees on my examination of the )Unts of Palestrnians Relief and Development Fund- Inlerpal Ilhe Trust) for the year ended 31st De¢emtEr 2023, which are sel out on pages 1010 18. Responsibiltties and basis of report As the charitylruslees ofthe Tnjsl you are responsible fcKthe preparalion ofthe aOUnts in %Gordance vAth the requirements of the Charities Act 20111'the Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 ofthe 2011 Act and in carrying out my examination I have folk)wed all the applirable Directions given by the Charity Commission under section 145{5llbl ol the Act. Independent examinerfs statement I have completed my examination. I confiryn that no material matters have come to my attention in connection wth the examination giwng me caLtse lo believe that in any materi& respect.. 11) lUnting red$ were not kepl in respect of the Trust as required by section 130 of the ACL or {21 the a¢¢oun15 do not accord th those iecords: or 131 the accounts do not comply wtth the applicable requirements conming the fom and content of accounts sel out in the Charities (Accounts and RepK)rtsl Regulations 2008 other than any requirement that the aCnIS give a 'true and fair view which is not a matter considered as part of an independent examination. I have no conMS and have ccffle across no other matters in nneCtion wth the examination to %thich attention should be drawn in this report in Ofder lo enable a proper undetslanding of the xcounts to be aCh. &'gned'. Adeel Akram FCA Chartered Aco)untant 413 Lea Bridge Roaj London E10 7EA Dale: 13y Inlerpal Annual Report & Financial Statemenls ?023 Registered Charily No. 1040094
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2023 Notes 2023 {£} 20221£} Income from: Donations 92.581 163,550 Total Income 92,581 163,550 Expenditure on., Charitable activities 90,456 225,503 Total expendlture 90,456 225,503 Net Incomel{expendlturel 2,125 161,953} Reconclllatlon of funds: Total funds brought foThYard 91,444 153,397 Total fund8 Carrled forward 93,569 91,444 There are no recognised gains and losses other than those passing through the slalemenl of financial activities. All income and expenditure are derived from continuing activities. The notes on pages12-18 form an integral part of these financial slalernents. 10 Interpal Annual Report & Financial Statemenls 2023 Registered Charity No. 1040094
BALANCE SHEET AS AT 31st DECEMBER 2023 Notes 20231£) 2022 (£1 Fixed assets Tangible assels 2,931 3,908 Current assets Debtors 118,373 116,681 Cash at bank and in hand 2,994 2,994 Total current assets 121,367 119,675 Current liabilities Creditors.. amounts lalling due within one year 130,7291 (32,1391 Net current assets 90,638 87,536 Net assets 93,569 91,444 Funds ofthe Charity Unrestricted funds 10 93,569 91,444 The finan¢ial slalemenls were approved by the Boafd of Tnjslees and signed on their behalf by.. Dr Essam Mustafa.Trustee Date.. 17.10.2024 Inierpal Annual Report & Financial Statements 2023 Registered Charity No. 1040094
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 1. ACCOUNTING POLICIES The principal accounting wliaes, all of vkni¢h have ten applied cOnStenY throughout the year, are set out lOw. a) Basis of preparation The financial slalements have been prepared under the historical cost convention and in accordance with A(Unting and Reporting by Charities.. Statement of Recommended Prti. appIable to charities preparing their accounts in accordance Ih the Financial Reporling Standard applicable in the UK and Republ of Ireland IFRS 102) - (Charities SORP FRS 1021 las utKlaleLS through second ed-rfion - October 20191, Ihe Financial ReFOrting Standard applicable in Ihe UK and Republic of Ireland {FRS102) and the Charities Act 2011. bl Public benefit entity The charity constilules a public benefft entity as defined by FRS 102. cl Going concern The Board ol Trustees considerthatthere are no material uncertainties athwl the Trust's alitY lo continue as a going ncern. d) Fund accounting Where specific donations and other income are recttved for a particular¢haritable PUTwse, these are allocated lo a reslricled fund and exrEnditure inajd for that purpose is applied against the fund. The tharity had no restricted fvnds in either 2023 or 2022. Inlerpal's incoming reSoUrS are best described as unrestricted Funds. expendable al the discretion of the trustees in furtheran ol the objects ol the charity. el Income recognition All income is recognised once the charity has an enliuemenl lo the inojme, it is probable that the income will be reoived and the amount of income receivakAe can be measured reliably. Donations and grants are recognised in the per in vthith the charity is entitled lo receipts where the amount can measured reliably. The incorne from caritsble and fundraising aclivikn'es are shown gros5 wth the associated costs induded in exFenditure. Gffis in kind such as fixed assets donat1 to the chlty are rec(MJnised as donatKins are induded at the value lo the charity where this Can be quantified. Investment profrts on funds held on deposits we included then receNable and the amcwnl can be me&sured reliably by the charity,. this is noallY uwn the notification ofthe kyofit paid by the bank fj Volunteers and other donated services Donated services and facilities are recognised as ir¢come at their fair value en their economic benefit is probable, il can be measured reliably and the chanty has controi over Ihe ttem. Fair value is delemiined based cfi what the charity would be Iling lo pay lor similar Servi or faalities in an open market setting. A cfjrresp)nding expenditure is also recognised lo reffecl the cost of these received serVIS and faulilies. The value of the time and ServIS provided by volunteers is not incorwraled into these financial statements in a(xordance 7[h the Charities SORP FRS102. 12 Inlerpal Annual Report & Financial Statemenls ?023 Registered Charity No. 1040094
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 Note1 Continued: g} Expenditure recognition Expendilure is recognised as soon 35 there 15 a legal or constructive obligation committing the charity lo that expenditure, il is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on accrual basis. Funds expended are allocated lo the particular activity where the cost relates diredly lo that activity. However, the indirect and overhead costs ol the central function including the tsperalional and support costs have been apportioned lo the charitable and fundraising activities in prOpO.0n lo the direct expenditure incurred. Expenditure incurred on raising funds relates lo the costs expended on attracting donations and olhei fundraising ¢osls including priniing, mailing and donation processing charges. Charitable expenditure comprises of those costs incuffed by the charity in the delivery ol ils aid programme lor ils beneficiaries.11 includes both costs that can be alILated directly lo such activities and those G05ts 01 an indirect nature necessary lo support them. h) Tangible fixed a8Sat8 Tangible fixed assets costing mole than £200 are capilalised and included al cost, including any incidental expenses of acquisition. Depreciation is provided, after taking account ol any grants receivable, al rates calculated lo write off the cost or valuation ol each asset lo ils eslimaled residual value on a reducing balance basis over the expected useful life, as follows.. Fixtures, fittings and equipment 25% per annum on reducing balance basis 11 Taxation As a registered charity there is no liability lo lax. Irrecoverable VAT is not analysed separately and is charged lo the slalem8nl ol financial activities when the expenditure lo which il related is incurred and is allocated as part ol the expenditure lo whi¢h il relates. Tax recovered from voluntary income ieceived under gift aid is recognised when the related income is receivable. J) Pension 8cheme The charity operates a defined ntribUtIon scheme. Contributions lo the scheme are charged to the slalemenl ol finan¢ial acliwlies as incurred. kl Forelgn currencie9 Transactions in foreign CuenCieS are translated al the rale of exchange prevailing al the lime ol the Iransaclion. Monetary assets and liabililies denominated in foreign Currenoes are translated into sterlin9 al the iale of exchange prevailing al the balance sheet dale. AJI dIfferenS are laken lo the statement ol financial aclivilies. l) Operating leases Rentals payable under operating leases are charged to the 5talemenl of financial activities as incurred over the tem of the lease. m) Debtors Trade and other debloTS are recognised al the settlement amount due after any trade discount Offed. Prepayments are valued al the amount prepaid nel of any trade discounts due. n) Cash at bank and in hand Cash al bank and cash in hand includes cash and short term highly liquid investments wth a short malurily of three months or less from the dale ol acquisition or opening ol the deposit or similar account. 13 Interpal Annual Report & Financial Statements 2023 Registered Charity No. 1040094
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3151 DECEMBER 2023 Note1 Continued o} Creditors and provisions Creditors and provisions are recogni5ed ere the charity has a present obligation resulting from a past evenlthal will probably resull in the transfer ol funds lo a third paty and the amount due lo setue the obligation can be measured or eslimaled reliably. Creditor5 and provisions are nornally recognised al their settlement amount after allowing lor any Irade discounts due. pl Financial instruments The trust only has financial assets and financial liabilities of a kind that qualify as basi¢ finanrial inslrumenls. 8asic financial instruments are initially recognised al transaction value and subsequenuy measured al their settlement value with the exception of bank loans which are subsequently measured al amortised Cosl using the effective interest method. 2. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY Preparation ol the financial slalements requires management lo make signifi¢anl judgernenls and eslimales. There are no significant judgements and estsmales in the financial slalemenls. 3. INCOME FROM DONATIONS 20231£) 92,581 2022 {£1 163,550 Olher Income 92,581 163,550 14 Interpal Annual Report & Financial Statements 2023 Registered Charity No. 1040094
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 4. EXPENDITURE ON CHARITABLE ACTIVITIES Analysis by field. Project Costs Operdtlonal, Support& Stsff Costs 2023 2022 Total Total Community Development Advocacy and Awareness 58,143 16,826 74,969 15,487 205,363 20,140 12,011 3,476 70,154 20,302 90,456 225,503 'Communlty Devèlopment.. indudes CMUnitY initiatives such CapilY building for organi5alions and vttalional prograrnmes., Advocacy & Awareness: involves various events or carnpaigns throughout the UK lo raise awareness about the humanitarian crisis affecting Palestinians. 5. OPEIiATIONAL AND SUPPORT COSTS 20231£) 2022 (£1 IT costs 4,347 4,043 Depreciation Accountancy fee Independent examinalion fee 977 1,303 3,400 1,750 1,500 2,580 8,574 11,326 ALLOCATION OF OPERATIONAL AND SUPPORT COSTS These charilabie operations and support costs refer lo funds ey.pended lo deliver aid prograrnmes and fulfil the objectives ol the charity. These include central function costs and have been apportioned lo charitable and awareness activities in proportion lo the direct expenditure inojrred. 15 Interpal Annual Report & Financial Statements 2023 Registered Charity No. 1040094
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 3181 DECEMBER 2023 . STAFF COSTS 2023 {£1 10,570 2022 {£1 57,457 Staff Wages & Salaries Employerfs National Insuran Conlribulior¢s Pension Costs 178 1,616 980 5,030 11,728 64,103 ANALYSIS OF STAFF COSTS Staff by Department 2023 2022 Operational & Support The average number ol employees during th& year was 212022 - 21. No employees had emoluments over £60,000 during the year12022- None). These costs have been allocated lo the charitable aid programmes and awareness activities on the basis of the proportion of direct expenditure incurred. 16 Interpal Annual Report & Financial Statements 2023 Regislered Cliarity No. 1040094
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 7. TANGIBLE FIXED ASSErs Fixtures. Frtttng¥ & Equipment 1£) Cost Al1st January 2023 19,944 At 31 December 2023 19,944 Depreciation Al1* January 2023 Charge f(x the year 16,036 977 At 311¢ December 2023 17,013 Net Book Value At 3151 December 2023 2,931 At 3151 December 2022 3,908 8. DEBTORS 2023 {£1 92,273 26,100 2022 {£1 90,580 26,101 Other Debtors located funds for the field 118,373 116,681 17 Interpal Annual Report & Financial Stalements 2023 Registered Charity No. 1040094
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2023 9. CREDITORS.. amounts falling due within one year 20231£) 2022 (£1 Other taxes & social security AcLYuals 139 1,049 3,250 27,340 3,750 Other creditors 27.340 30,729 32,139 10. RECONCILIATION OF MOVEMENTS ON UNRESTRICTED FUNDS 2023 {£} 91,444 20221£) 153,397 Total fvnds brought forward Income 92,581 190,4561 163,550 Expenditure 1225,5031 Total funds carried forward 93,569 91,444 11. RELATED PARTY TANSACTIONS AND TRUSTEES, REMUNERATION The Iruslees received no emoluments during 202312022- £nill. During the year £nil12022- £nill was incurred for all trustees, telephone, travel and subsisten, either by direct payment or reimbursement. There were no other related party transa¢tions. 18 Interpal Annual Report & Financial Statements 2023 Reg)istered Charily No. 1040094