PALMED UK
7 Lansdowne Road, Manchester.
M8 5SF
Report and Financial Statements
for the Year Ended: 31 March 2025
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 2025
| 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 Accumulated Funds Reserves 158264 |
£ 268705 268705 0 0 |
2025 | £ 0 268705 268705 110441 158264 268705 |
£ 110441 110441 0 0 2024 |
£ 0 110441 |
|---|---|---|---|---|---|
| 110441 | |||||
| 12431 98010 110441 |
|||||
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 2025
1. ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared under the historical cost convention.
2. FIXED ASSETS:-
Depreciating Assets
| Costs As at 31.03.2024 Additions As at 31.03.2025 Depreciation As at 31.03.2024 Charge For the Year As at 31.03.2025 Net Book Value As at 31.03.2025 As at 31.03.2024 |
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 2025
| Appendix FIXED ASSETS CURRENT ASSETS Cash in Hand & at Bank CURRENT LIABILITIES Creditors & Accruals NET CURRENT ASSETS REPRESENTED BY: Accumulated Fund Reserves |
£ £ 0 268705 268705 0 268705 268705 110441 158264 268705 31.03.25 |
£ £ 0 110441 110441 0 110441 110441 12431 98010 0 110441 31.03.24 |
£ £ 0 110441 110441 0 110441 110441 12431 98010 0 110441 31.03.24 |
|---|---|---|---|
| 110441 | |||
| 12431 98010 110441 |
PALMED UK
INCOME & EXPENDITURE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
| £ £ £ INCOME Donations & subscriptions 413826 Hmrc Gift Aid 32832 Interest Received 0 Charity Event Income 0 Less Donations Paid 286748 159910 LESS EXPENSES Rent 0 0 Food Aid 0 0 General Administration 0 0 Advertisements 1036 0 Charity Event Expenses 500 0 Printing & Stationery 110 0 Depreciation 0 0 1646 NET INCOME FOR THE YEAR 158264 Add: Accumulated fund b/fwd 150961 Retained Income/(loss) c/fwd 309225 31.03.25 |
£ 143010 0 0 0 4480 138530 0 138530 12431 150961 31.03.24 |
|---|---|
PALMED UK SCHEDULE OF FIXED ASSETS FOR THE YEAR ENDED 31ST MARCH 2025
2. FIXED ASSETS:-
Depreciating Assets
| Costs As at 31.03.2024 Additions As at 31.03.2025 Depreciation As at 31.03.2024 Charge For the Year As at 31.03.2025 Net Book Value As at 31.03.2025 As at 31.03.2024 |
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 2025
AYUB Chartered Accountants Accountants