Charity registration number: 1164020
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Palmyra Relief CIO
Annual Report and Financial Statements for the Year Ended 31 January 2021
Smartax Limited Chartered Certified Accountants and Statutory Auditors 38 Station Road Harrow Middlesex HA2 7SE
Palmyra Relief CIO
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 to 12 |
Palmyra Relief CIO
Reference and Administrative Details
Chairman Mr M N Antabli Trustees Mr M N Antabli Mr A Chahrour Ms F Fiabane Charity Registration Number 1164020 Principal Office Basement 15 Warrington Crescent London W9 1ED Reporting Accountants Smartax Limited Chartered Certified Accountants and Statutory Auditors 38 Station Road Harrow Middlesex HA2 7SE
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Palmyra Relief CIO
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 January 2021.
Objectives and activities
Objects and aims
The objects of the charity is the advancement of health of children and young people (of up to 18 years) who have lost limbs as a result of the Syrian conflict, in particular but not exclusively by the provision of prosthetic limbs and related after-care services.
Nothing in the constitution shall authorise an application of the property of the charity for the purposes which are not charitable in accordance with section 7 of the Charities and Trustee Investment (Scotland) Act 2005 and section 2 of the Charities act (Northern Ireland) 2008.
The charity has power to do anything which is calculated to further its objects or is conducive or incidental to doing so.
During the Syrian conflict the charity aims to work with such children and young people in Syria's neighbouring countries of Turkey, Iraq, Jordan and Lebanon. Initially the focus is to work with the Turkish authorities on the Turkish border with Syria.
Objectives, strategies and activities
To achieve its objects, the charity intends to purchase the prosthetic limbs and the necessary healthcare provision in the form of clinincal and allied service professionals to work with the individual child and young person. The professionals will design a tailored care plan starting with the fitting of the prosthetic limb.
Following the inital assessment and fitting, the charity aims to provide each child and young person involved with the necessary follow-up care required according to each case, taking into account the requirements associated with the person's growth in relation to the prosthetic limb.
This may take several years depending on the person’s circumstances and may include psychological interventions alongside the physical.
Public benefit
The charity's activities are solely focussed on improving the health and wellbeing of children and young people. Through the provision of prosthetic limbs, the charity will improve their quality of life which in turn will benefit the community at large.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Use of volunteers
The volunteers deal with paperwork, accounting, making travel arrangements, advertising for the charity and fundraising,
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Palmyra Relief CIO
Trustees' Report
Achievements and performance
During the period, the charity continued to focus on fundraising to meet its objectives. They continued to work with Dogan Medikal in Mersin, Turkey as a suitable healthcare centre and as a partner organisation. Dogan Medikal has a healthcare centre whose services focus around the provision and fitting of prosthetic limbs.
In August 2020, the charity successfully coordinated with Dogan Medikal in acquiring four full sets of lower prosthetics from the leading German brand Ottobock. The beneficiaries of these prosthetic limbs were two 14 year old boys named Abdulbasit Al-Sattouf and Ahmad Abdulaziz.
Abdulbasit Al-Sattouf comes from northern Hama, Syria. He lost both legs above the knee in an attack on Al-Habeet, a village in the countryside of Idlib. Abdulbasit’s mother Meryem was killed in the war. His father Taan, and Abdulbasit’s siblings are now living in Turkey.
Ahmad Abdulaziz comes from Jub Al-tine, in the countryside outside of Aleppo, Syria. That is where, in August of 2017 Ahmad lost both his legs above the knee in an aerial bombing. Ahmad lost his father in the war, but he and his mother and siblings are now in Turkey,
Both boys continue to receive rehabilitation support.
Financial review
Policy on reserves
The charity is holding the reserves in order to fund further prosthetic limbs and after care as and when suitable beneficiaries are identified.
Principal funding sources
The charity mainly organises fundraising events and makes personal appeals to private inidviduals and organisations.
Plans for future periods
Aims and key objectives for future periods
The charity will continue to look at better and more competitive ways to fund their activities.
As the chairty grows in funds and experience, it aims to extending their work into neighbouring countries who are faced with the same dilemmas of trying to help large numbers of displaced and disabled children and young people.
Structure, governance and management
Nature of governing document
The charity is controlled by its governing document, a constitution, and constitutes a charitable incorporated organisation under the Charities Act 2011.
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Palmyra Relief CIO
Trustees' Report
Recruitment and appointment of trustees
Apart from the first trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the trustees.
In selecting individuals for appointment as trustees, the trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.
The trustees will make available to each new trustee, on or before his or her first appointment: a) a copy of the current version of the constitution; and b) a copy of the charity's latest Trustees' Annual Report and statement of accounts.
The maximum number of trustees is 12. The trustees may not appoint any trustee if, as a result of, the number of trustees would exceed the maximum.
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements 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 period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees 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 annual report was approved by the trustees of the charity on 29 November 2021 and signed on its behalf by:
......................................... Mr M N Antabli Chairman and Trustee
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Palmyra Relief CIO
Statement of Financial Activities for the Year Ended 31 January 2021
| Note Income and Endowments from: Donations and legacies 2 Expenditure on: Charitable activities 3 Total expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 8 |
Unrestricted £ 16,913 (24,977) (24,977) (8,064) 94,380 86,316 |
Total 2021 £ 16,913 (24,977) (24,977) (8,064) 94,380 86,316 |
Total 2020 £ 10,356 (60) |
|---|---|---|---|
| (60) | |||
| 10,296 84,084 |
|||
| 94,380 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2020 is shown in note 8.
The notes on pages 7 to 12 form an integral part of these financial statements. Page 5
Palmyra Relief CIO
(Registration number: 1164020) Balance Sheet as at 31 January 2021
| Note Current assets Cash at bank and in hand 7 Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 8 |
2021 £ 86,316 86,316 86,316 |
2020 £ 94,380 |
|---|---|---|
| 94,380 | ||
| 94,380 |
The financial statements on pages 5 to 12 were approved by the trustees, and authorised for issue on 29 November 2021 and signed on their behalf by:
......................................... ......................................... Mr M N Antabli Ms F Fiabane Chairman and Trustee Trustee
The notes on pages 7 to 12 form an integral part of these financial statements. Page 6
Palmyra Relief CIO
Notes to the Financial Statements for the Year Ended 31 January 2021
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
Palmyra Relief CIO meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Exemption from preparing a cash flow statement
The charity have taken advantage of reporting exemptions under FRS 102 and therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Judgements and key sources of estimation uncertainty
In the application of the accounting policies, Trustees are required to make judgement, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affected current and future periods.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
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Palmyra Relief CIO
Notes to the Financial Statements for the Year Ended 31 January 2021
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Grant expenditure
Grants payable are charged in the year when the offer is conveyed to the recipient. Grants offered subject to conditions which have not been met at the year-end date are noted as a commitment but not accrued as expenditure. Where a grant has been made for the benefit of an individual, or a group of individuals, through the means of an institution, this is recorded as a grant to the institution.
Support costs
Support costs include central functions such as governance cost, finance and information technology incurred directly in support of expenditure on the objects of the charity. They have been allocated to activity cost categories on a basis consistent with the use of resources.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable entity for UK corporation tax purposes. Accordingly, the charity is exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
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Palmyra Relief CIO
Notes to the Financial Statements for the Year Ended 31 January 2021
Trade debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Accrued income and tax recoverable is included at the best estimate of the amounts receivable at the balance sheet date.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.
Foreign exchange
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the statement of financial activities in the period in which they arise.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
As at the balance sheet date, the charity did not have restricted funds.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans, which are subsequently measured at amortised cost using the effective interest method, and investments which are held at fair value.
2 Income from donations and legacies
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Palmyra Relief CIO
Notes to the Financial Statements for the Year Ended 31 January 2021
| Donations and legacies; General donations |
Unrestricted funds £ 16,913 16,913 |
Total 2021 £ 16,913 16,913 |
Total 2020 £ 10,356 |
|---|---|---|---|
| 10,356 |
All of the prior year income was attributable to unrestricted funds.
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Palmyra Relief CIO
Notes to the Financial Statements for the Year Ended 31 January 2021
3 Expenditure on charitable activities
| Note Provision of healthcare Governance costs Provision of healthcare |
Unrestricted funds £ 24,874 103 24,977 Activity undertaken directly £ 24,874 |
Total 2021 £ 24,874 103 24,977 2021 £ 24,874 |
Total 2020 £ - 60 |
|---|---|---|---|
| 60 | |||
| 2020 £ - |
All of the prior year expenditure was attributed to unrestricted funds.
4 Analysis of governance and support costs
Governance costs
| Other governance costs | Unrestricted funds £ 103 103 |
Total 2021 £ 103 103 |
Total 2020 £ 60 |
|---|---|---|---|
| 60 |
5 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
6 Taxation
The charity is a registered charity and is therefore exempt from taxation.
7 Cash and cash equivalents
Cash at bank
| 2021 | 2020 |
|---|---|
| £ | £ |
| 86,316 | 94,380 |
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Palmyra Relief CIO
Notes to the Financial Statements for the Year Ended 31 January 2021
8 Funds
| 8 Funds |
||||
|---|---|---|---|---|
| Unrestricted General funds Unrestricted General funds 9 Analysis of net assets between funds Current assets Current assets 10 Analysis of net funds Cash at bank and in hand Cash at bank and in hand Net debt |
Balance at 1 February 2020 £ 94,380 Balance at 1 February 2019 £ 84,084 |
Incoming resources £ 16,913 Incoming resources £ 10,356 At 1 February 2020 £ 94,380 94,380 At 1 February 2019 £ 84,084 84,084 |
Resources expended £ (24,977) Resources expended £ (60) Unrestricted funds £ 86,316 Unrestricted funds £ 94,380 Cash flow £ (8,064) (8,064) Cash flow £ 10,296 10,296 |
Balance at 31 January 2021 £ 86,316 |
| Balance at 31 January 2020 £ 94,380 |
||||
| Total funds 2021 £ 86,316 |
||||
| Total funds 2020 £ 94,380 |
||||
| At 31 January 2021 £ 86,316 86,316 At 31 January 2020 £ 94,380 94,380 |
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