# **REGISTERED COMPANY NUMBER: 08635866 (England and Wales) REGISTERED CHARITY NUMBER: 1158667** ## Report of the Trustees and ## Unaudited Financial Statements for the Period 1 September 2019 to 31 December 2020 for Date Palm Primary School Limited Date Palm Primary School Limited Contents of the Financial Statements for the Period 1 September 2019 to 31 December 2020 ||Page| |---|---| |Reference and Administrative Details|1| |Report of the Trustees|2| |Independent Examiner's Report|3 to 4| |Statement of Financial Activities|5| |Balance Sheet|6 to 7| |Cash Flow Statement|8| |Notes to the Cash Flow Statement|9| |Notes to the Financial Statements|10 to 17| |Detailed Statement of Financial Activities|18 to 19| Date Palm Primary School Limited Reference and Administrative Details for the Period 1 September 2019 to 31 December 2020 |**TRUSTEES**|Kamrul Islam Director| |---|---| ||M Mukhtar Miah Director| ||Imran Kamaly Director| |**REGISTERED OFFICE**|82-88 Mile End Road| ||London| ||E1 4UN| |**REGISTERED COMPANY**|08635866 (England and Wales)| |**NUMBER**|| |**REGISTERED CHARITY**|1158667| |**NUMBER**|| |**INDEPENDENT EXAMINER**|Quilfords Limited| ||Chartered Certified Accountants| ||113 Romford Road| ||London| ||E15 4LY| Page 1 Date Palm Primary School Limited ## Report of the Trustees ## for the Period 1 September 2019 to 31 December 2020 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the period 1 September 2019 to 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES Objectives and aims** Our charitable objectives are underpinned by our values, ethos and approach. We the trustees, governors, staff, parents and friends of Date Palm Primary School are passionate about what we do and are always looking to support others in following the same journey. We are always learning and welcome opportunities to develop and to become more effective. - The advancement of education in accordance with the national curriculum of the United Kingdom combined with the principles of the Islamic faith for the benefit of the public and local community - To provide education for children and young people - To develop children in their physical, mental, spiritual and moral capabilities so that they may grow to full maturity as individuals - To provide education to children with special educational needs (SEN) in one of inner London’s most deprived borough - To provide training for teachers and other professionals working in the field of education of children with special educational needs (SEN) - To raise donations to invest in our schools infrastructure so we can provide more services to our pupils and the local community ## **STRATEGIC REPORT** ## **Funds in surplus** The charity received income of £928,113 (2019: £525,741) during the year. After outgoing expenses of £829,588 (2019: £524,541), the charity was left with a surplus of £98,525 (2019: £1,200) for the year. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 3 September 2021 and signed on the board's behalf by: Kamrul Islam - Trustee Page 2 Independent Examiner's Report to the Trustees of Date Palm Primary School Limited ## **Independent examiner's report to the trustees of Date Palm Primary School Limited ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the period 1 September 2019 to 31 December 2020. ## **Responsibilities and basis of report** As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Page 3 Independent Examiner's Report to the Trustees of Date Palm Primary School Limited ## **Independent examiner's statement** Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACCA which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Askir Ali ACCA Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY 3 September 2021 Page 4 Date Palm Primary School Limited ## Statement of Financial Activities ## for the Period 1 September 2019 to 31 December 2020 |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Other trading activities
3
Investment income
4
Other income
**Total**
**EXPENDITURE ON**
Raising funds
5
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Period
1.9.19
to
Year Ended
31.12.20
31.8.19
Unrestricted
Total
fund
funds
£
£
13,126
31,138
914,986
465,118
1
-
-
29,485
928,113
525,741
829,588
524,541
98,525
1,200
75,480
74,280
174,005
75,480| |---|---| The notes form part of these financial statements Page 5 ## Date Palm Primary School Limited ## Balance Sheet 31 December 2020 |Notes
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Debtors
12
Cash at bank
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one
year
14
**PROVISIONS FOR LIABILITIES**
16
**NET ASSETS/(LIABILITIES)**
**FUNDS**
17
Unrestricted funds
**TOTAL FUNDS**|31.12.20
Unrestricted
fund
£
39,872
62,916
171,027
233,943
-
233,943
273,815
(48,200)
(51,610)
174,005
174,005
174,005|31.8.19
Total
funds
£
45,970
82,100
20,289
102,389
(21,269)
81,120
127,090
-
(51,610)
75,480
75,480
75,480| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2020. The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006. The notes form part of these financial statements Page 6 continued... Date Palm Primary School Limited ## Balance Sheet - continued 31 December 2020 The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The financial statements were approved by the Board of Trustees and authorised for issue on 3 September 2021 and were signed on its behalf by: Kamrul Islam - Trustee The notes form part of these financial statements Page 7 ## Date Palm Primary School Limited ## Cash Flow Statement ## for the Period 1 September 2019 to 31 December 2020 |Notes
**Cash flows from operating activities**
Cash generated from operations
1
Net cash provided by/(used in) operating activities
**Cash flows from investing activities**
Interest received
Net cash provided by investing activities
**Cash flows from financing activities**
New loans in year
Opening balance adjustment
Net cash provided by financing activities
**Change in cash and cash**
**equivalents in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the**
**end of the reporting period**|Period
1.9.19
to
Year Ended
31.12.20
31.8.19
£
£
102,537
(11,213)
102,537
(11,213)
1
-
1
-
48,200
-
-
31,502
48,200
31,502
150,738
20,289
20,289
20,289
171,027
20,289| |---|---| The notes form part of these financial statements Page 8 Date Palm Primary School Limited ## Notes to the Cash Flow Statement ## for the Period 1 September 2019 to 31 December 2020 ## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**Net income for the reporting period (as per the Statement**
**of Financial Activities)**
**Adjustments for:**
Depreciation charges
Interest received
Decrease in debtors
Decrease in creditors
**Net cash provided by/(used in) operations**|Period
1.9.19
to
Year Ended
31.12.20
31.8.19
£
£
98,525
1,200
6,098
11,311
(1)
-
19,184
9,380
(21,269)
(33,104)
102,537
(11,213)| |---|---| 2. **ANALYSIS OF CHANGES IN NET FUNDS** |**Net cash**
Cash at bank
**Debt**
Debts falling due after 1 year
**Total**|At 1.9.19
Cash flow
At 31.12.20
£
£
£
20,289
150,738
171,027
20,289
150,738
171,027
-
(48,200)
(48,200)
-
(48,200)
(48,200)
20,289
102,538
122,827| |---|---| The notes form part of these financial statements Page 9 Date Palm Primary School Limited Notes to the Financial Statements for the Period 1 September 2019 to 31 December 2020 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Leasehold improvements are depreciated over 15 years on a straight-line basis. IT equipment and Fixtures & fittings are depreciated over 5 years on a straight-line basis. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 10 continued... Date Palm Primary School Limited Notes to the Financial Statements - continued for the Period 1 September 2019 to 31 December 2020 ## **1. ACCOUNTING POLICIES - continued** ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **2. DONATIONS AND LEGACIES** |**DONATIONS AND LEGACIES**||| |---|---|---| ||Period|| ||1.9.19|| ||to|Year Ended| ||31.12.20|
31.8.19| ||£|£| |Donations|6,190|31,138| |Gift aid|6,936|-| ||13,126|31,138| ## **3. OTHER TRADING ACTIVITIES** |Fee
Government funds
Child care voucher
Job retention scheme
**INVESTMENT INCOME**
Bank interest|Period
1.9.19
to
Year Ended
31.12.20
31.8.19
£
£
385,415
192,808
448,653
260,740
13,021
11,570
67,897
-
914,986
465,118
Period
1.9.19
to
Year Ended
31.12.20
31.8.19
£
£
1
-| |---|---| ## **4. INVESTMENT INCOME** Page 11 continued... Date Palm Primary School Limited ## Notes to the Financial Statements - continued ## for the Period 1 September 2019 to 31 December 2020 ## **5. RAISING FUNDS** ## **Raising donations and legacies** |Support costs|Period
1.9.19
to
Year Ended
31.12.20
31.8.19
£
£
829,588
524,541| |---|---| ## **6. SUPPORT COSTS** |Raising donations and legacies|Administrative
Finance
expenses
£
£
1,276
820,816|Governance
costs
£
7,496|Totals
£
829,588| |---|---|---|---| ## **7. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||Period|| |---|---|---| ||1.9.19|| ||to|Year Ended| ||31.12.20|
31.8.19| ||£|£| |Depreciation - owned assets|6,098|11,311| ## **8. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the period ended 31 December 2020 nor for the year ended 31 August 2019. ## **Trustees' expenses** There were no trustees' expenses paid for the period ended 31 December 2020 nor for the year ended 31 August 2019. Page 12 continued... Date Palm Primary School Limited ## Notes to the Financial Statements - continued for the Period 1 September 2019 to 31 December 2020 |**9.**|**STAFF COSTS**||| |---|---|---|---| |||Period|| |||1.9.19|| |||to|Year Ended| |||31.12.20|
31.8.19| |||£|£| ||Wages and salaries|435,219|219,826| ||Other pension costs|2,324|1,161| |||437,543|220,987| ||The average monthly number of employees during the period was as follows:||| |||Period|| |||1.9.19|| |||to|Year Ended| |||31.12.20|
31.8.19| ||Support staff|42|24| ||No employees received emoluments in excess of £60,000.||| |**10.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**||| ||||Unrestricted| ||||fund| ||||£| ||**INCOME AND ENDOWMENTS FROM**||| ||Donations and legacies||31,138| ||Other trading activities||465,118| ||Other income||29,485| ||**Total**||525,741| ||**EXPENDITURE ON**||| ||Raising funds||524,541| ||**NET INCOME**||1,200| ||**RECONCILIATION OF FUNDS**||| ||**Total funds brought forward**||74,280| Page 13 continued... Date Palm Primary School Limited Notes to the Financial Statements - continued for the Period 1 September 2019 to 31 December 2020 |**10.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**| |---|---|---|---|---|---|---| |||||||Unrestricted| |||||||fund| |||||||£| ||**TOTAL FUNDS CARRIED FORWARD**|||||75,480| |**11.**|**TANGIBLE FIXED ASSETS**|||||| ||||Fixtures|||| |||Long|and||Computer|| |||leasehold|
fittings||equipment|Totals| |||£|£||£|£| ||**COST**|||||| ||At 1 September 2019 and|||||| ||31 December 2020|69,376|5,250||22,094|96,720| ||**DEPRECIATION**|||||| ||At 1 September 2019|37,043|5,250||8,457|50,750| ||Charge for year|4,625||-|1,473|6,098| ||At 31 December 2020|41,668|5,250||9,930|56,848| ||**NET BOOK VALUE**|||||| ||At 31 December 2020|27,708||-|12,164|39,872| ||At 31 August 2019|32,333||-|13,637|45,970| |**12.**|**DEBTORS: AMOUNTS FALLING DUE**|**WITHIN ONE**|**YEAR**|||| ||||||31.12.20|31.8.19| ||||||£|£| ||Trade debtors||||-|57,100| ||Other debtors||||62,916|25,000| ||||||62,916|82,100| Page 14 continued... Date Palm Primary School Limited ## Notes to the Financial Statements - continued for the Period 1 September 2019 to 31 December 2020 |**13.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |---|---|---|---|---|---| |||||31.12.20|31.8.19| |||||£|£| ||Trade creditors|||-|21,269| |**14.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE**|||**YEAR**|| |||||31.12.20|31.8.19| |||||£|£| ||Other loans (see note 15)|||48,200|-| |**15.**|**LOANS**||||| ||An analysis of the maturity of loans is given below:||||| |||||31.12.20|31.8.19| |||||£|£| ||Amounts falling due between two and five years:||||| ||Other loans - 2-5 years|||48,200|-| |**16.**|**PROVISIONS FOR LIABILITIES**||||| |||||31.12.20|31.8.19| |||||£|£| ||Salaries payable|||51,610|51,610| |**17.**|**MOVEMENT IN FUNDS**||||| |||||Net|| |||||movement|At| |||At 1.9.19||in funds|31.12.20| ||||£|£|£| ||**Unrestricted funds**||||| ||General fund|75,480||98,525|174,005| ||**TOTAL FUNDS**|75,480||98,525|174,005| Page 15 continued... Date Palm Primary School Limited ## Notes to the Financial Statements - continued for the Period 1 September 2019 to 31 December 2020 ## **17. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**
**Comparatives for movement in funds**|Incoming
resources
£
928,113
928,113|Resources
expended
£
(829,588)
(829,588)|Movement
in funds
£
98,525
98,525| |---|---|---|---| |Net
movement
At 1.9.18
in funds
£
£
**Unrestricted funds**
General fund
74,280
1,200
**TOTAL FUNDS**
74,280
1,200
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
525,741
(524,541)
**TOTAL FUNDS**
525,741
(524,541)|At
31.8.19
£
75,480
75,480
Movement
in funds
£
1,200
1,200| |---|---| Page 16 continued... Date Palm Primary School Limited Notes to the Financial Statements - continued for the Period 1 September 2019 to 31 December 2020 ## **18. RELATED PARTY DISCLOSURES** There were no related party transactions for the period ended 31 December 2020. Page 17 ## Date Palm Primary School Limited Detailed Statement of Financial Activities for the Period 1 September 2019 to 31 December 2020 ||Period|| |---|---|---| ||1.9.19|| ||to|Year Ended| ||31.12.20|
31.8.19| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|6,190|31,138| |Gift aid|6,936|-| ||13,126|31,138| |**Other trading activities**||| |Fee|385,415|192,808| |Government funds|448,653|260,740| |Child care voucher|13,021|11,570| |Job retention scheme|67,897|-| ||914,986|465,118| |**Investment income**||| |Bank interest|1|-| |**Other income**||| |Stall rent|-|1,322| |Other income|-|28,163| ||-|29,485| |**Total incoming resources**|928,113|525,741| |**EXPENDITURE**||| |**Support costs**||| |**Finance**||| |Bank charges|1,276|505| |**Administrative expenses**||| |Wages|435,219|219,826| |Carried forward|435,219|219,826| This page does not form part of the statutory financial statements Page 18 ## Date Palm Primary School Limited ## Detailed Statement of Financial Activities for the Period 1 September 2019 to 31 December 2020 |||Period||| |---|---|---|---|---| |||1.9.19||| ||to|Year|Ended|| |||31.12.20|
31.8.19|| |||£||£| |**Administrative expenses**||||| |Brought forward||435,219|
219,826|| |Pensions||2,324||1,161| |Rates and water||-||10,442| |School meals||-||349| |Light and heat||7,493||15,292| |Postage and stationery||2,160||1,080| |Repairs & maintenance||5,949||1,102| |Rent||290,417|
210,000|| |Activities & trips||264||3,671| |Cleaning||870||1,000| |Equipment costs||800||2,519| |Travel & subsistence||-||105| |Insurance||8,619||5,024| |Books & School supplies||12,752||19,652| |Subscription||2,850||163| |Telecommunication||690||-| |Advertising||1,230||-| |Supply teachers cost||20,474||15,680| |Rates||12,551||-| |Regulatory fee||2,500||-| |Website||182||75| |Staff training & welfare||2,814||1,896| |Consultancy fee||1,931||1,246| |Software cost||2,629||355| |Depreciation of tangible fixed assets||6,098||11,311| |||820,816|
521,949|| |**Governance costs**||||| |Accountancy fees||1,600||1,200| |Legal fees||5,896||887| |||7,496||2,087| |Total resources expended||829,588|
524,541|| |**Net income**||98,525||1,200| This page does not form part of the statutory financial statements Page 19