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2021-12-31-accounts

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.

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

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
ANALYSIS OF CHANGES IN NET FUNDS
At 1.9.19

£
Net cash
Cash at bank
20,289
20,289
Debt
Debts falling due after 1 year
-
-
Total
20,289		 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)
Cash flow
At 31.12.20
£
£
150,738
171,027
150,738
171,027
(48,200)
(48,200)
(48,200)
(48,200)
102,538
122,827

2. ANALYSIS OF CHANGES IN NET FUNDS

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
Gift aid
OTHER TRADING ACTIVITIES
Fee
Government funds
Child care voucher
Job retention scheme		 Period
1.9.19
to
Year Ended
31.12.20
31.8.19
£
£
6,190
31,138
6,936
-
13,126
31,138
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

3. OTHER TRADING ACTIVITIES

4. INVESTMENT INCOME

INVESTMENT INCOME
Period
1.9.19
to Year Ended
31.12.20
31.8.19
£ £
Bank interest 1 -

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
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:

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
928,113
(829,588)
TOTAL FUNDS
928,113
(829,588)
Comparatives for movement in funds
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)		 Movement
in funds
£
98,525
98,525
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