## **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**