PALMED UK
7 Lansdowne Road, Manchester.
M8 5SF
Report and Financial Statements
for the Year Ended: 31 March 2024
Charity no: 1148515
Legal and administration information
Trustees
Dr Bashier Oudeh DR MOHAMED ELHAMS DR Dr RIYADH ALMASHARQAH
Independent Examiner
Mr. Aamir Ayub ACA - A. Patel & Co. 341 Derby Street, Bolton, BL3 6LR
Bankers
Al Rayan Bank PLC, 44 Hans Crescent, Knightsbridge, London, SW1X 0LZ. Registration No. 4483430
PALMED UK
YEAR ENDED 31ST MARCH 2024
| FIXED ASSETS CURRENT ASSETS Cash in Hand & at Bank CREDITORS Amount due within one year NET CURRENT ASSET TOTAL ASSETS LESS CURRENT LIABILITIES FINANCED BY Suspense Account Accumulated Funds Reserves |
£ 110441 110441 0 0 |
2024 | £ 0 110441 110441 12431 98010 110441 |
£ 12431 12431 0 2023 |
£ 0 12431 |
|---|---|---|---|---|---|
| 12431 | |||||
| 14361 -1930 12431 |
Statement of trustees responsibilities
The Trustees are responsible for preparing the Trustees Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare accounts 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 of the Charity for that year.
In preparing these accounts, the Trustees are required to:
select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP
- make judgements and estimates that are reasonable and prudent;
Continued on Page 1A
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
The Accounts were approved by the board of trustees
Signature ……………………………..
Name:
PALMED UK NOTES TO THE ABBREVIATED ACCOUNTS YEAR ENDED 31ST MARCH 2024
1. ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared under the historical cost convention.
2. FIXED ASSETS:-
Depreciating Assets
| Costs As at 31.03.2023 Additions As at 31.03.2024 Depreciation As at 31.03.2023 Charge For the Year As at 31.03.2024 Net Book Value As at 31.03.2024 As at 31.03.2023 |
FIXTURES & FITTINGS £ 0 0 0 0 0 0 0 0 |
TOTAL |
|---|---|---|
| £ 0 0 0 0 0 0 0 0 |
PALMED UK
BALANCE SHEET AS AT 31ST MARCH 2024
Appendix
| FIXED ASSETS CURRENT ASSETS 0 Cash in Hand & at Bank CURRENT LIABILITIES Creditors & Accruals NET CURRENT ASSETS REPRESENTED BY: Suspense Account Accumulated Fund Reserves |
£ £ 0 110441 110441 0 110441 110441 12431 98010 110441 31.03.24 |
£ 12431 12431 0 0 31.03.23 |
31.03.23 | £ 0 12431 |
|---|---|---|---|---|
| 12431 | ||||
| 14361 -1930 12431 |
PALMED UK
TRADING & PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2024
| £ INCOME Donations & subscriptions Other Income Interest Received Charity Event Income Less Donations Paid LESS EXPENSES Community Support Rent Food Aid General Administration Charity Event Expenses Staff Training Depreciation NET INCOME FOR THE YEAR Add: Accumulated fund b/fwd Retained Income/(loss) c/fwd |
£ £ 143010 0 0 0 45000 98010 0 98010 12341 110351 31.03.24 |
31.03.23 | £ 2460 0 0 0 4480 -2020 0 -2020 |
|---|---|---|---|
| 14361 | |||
| 12341 |
PALMED UK SCHEDULE OF FIXED ASSETS FOR THE YEAR ENDED 31ST MARCH 2024
2. FIXED ASSETS:-
Depreciating Assets
| Costs As at 31.03.2023 Additions As at 31.03.2024 Depreciation As at 31.03.2023 Charge For the Year As at 31.03.2024 Net Book Value As at 31.03.2024 As at 31.03.2023 |
FIXTURES & FITTINGS £ 0 0 0 0 0 0 0 0 |
TOTAL |
|---|---|---|
| £ 0 0 0 0 0 0 0 0 |
Charity No. 1148515
PALMED UK
FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024
AYUB Chartered Accountants Accountants