## **Trustees’ Annual Report for the period** ## **From 1[st] OCT 2022 Period start date To 30[th] Sept 2023 Period end date** ## **Charity name: Olive Tree Aid Foundation** ## **Charity registration number:1193339** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The relief of those in need, by reason of
youth, age, ill health, disability, financial
hardship or other disadvantage anywhere
in the world, through the provision of grants
and funding to help those in need of
medical care, housing, food, basic hygiene
products and other essential items.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The Charity has given donations and
grants to organisations in the U.K who
specialise in the areas of work| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The Charity reviews its work in relation to
the guidance given by the Charity
Commission| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|**N/A**| |Policy on social investment
including program related
investment|Para 1.38|**N/A**| |Contribution made by
volunteers|Para 1.38|**N/A**| Other **N/A** ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|We focused on helping orphans this year.
We funded the clothing, feeding and
education of orphans Bangladesh through
a U.K registered charity who has worker
experienced in this work.| **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|**n/a**| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|**n/a**| |Investment performance
against objectives|Para 1.41|**n/a**| |Other||**n/a**| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The charity is in a stronger financial
position at the end of the financial year
because our trustee made large donations
and gifts to the Charity.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|No reserves were held| |Amount of reserves held|Para 1.22|**n/a**| |Reasons for holding zero
reserves|Para 1.22|**n/a**| |Details of fund materially in
deficit|Para 1.24|**n/a**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**n/a**| ## **Additional information (optional)** You may choose to include further statements where relevant about: **n/a** The charity’s principal sources of funds (including Para 1.47 any fundraising) **n/a** Investment policy and objectives including any Para 1.46 social investment policy adopted **n/a** A description of the principal Para 1.46 risks facing the charity **n/a** Other ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Trust| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Charity founder members became trustees| ## **Additional information (optional)** You may choose to include further statements where relevant about: **N/A** Policies and procedures adopted for the induction Para 1.51 and training of trustees **N/A** The charity’s organisational structure and any wider Para 1.51 network with which the charity works **N/A** Relationship with any Para 1.51 related parties **N/A** Other ## **Reference and Administrative details** |Charity name|Olive Tree Aid Foundation| |---|---| |Other name the charity uses|| |Registered charity number|1193339| |Charity’s principal address|4 Charnwood Drive
London E181PE| ||| **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||BOZLUR RAHMAN|CHAIRPERSON||| ||ANEEQA BHUIYA|SECRETARY||| ||SAFEER BHUIYA|TREASURER||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## – Corporate trustees names of the directors at the date the report was approved **Director name n/a** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |**N/A**||| |||| |||| |||| |||| |||| ## **Funds held as custodian trustees on behalf of others** Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**
**adviser**
**Name**
**Address**|**Type of**
**adviser**
**Name**
**Address**|**Type of**
**adviser**
**Name**
**Address**| |---|---|---| ||N/A|| |||| |||| |||| **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details **Charity has no key personnel apart from Trustees** ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**|B.Rahman|| |---|---|---| ||Bozlur Rahman|| ||
Chairperson|| ||28 July 2024|| ||28 July 2024|| Olive Tree Ald Foundation Chority No. 1193339 Company No. CE024768 Trustees, Report and Unaudlted Accounts 30 September 2023 Ollve Tree Aid Foundation Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Summary Income and Expendlture Account Balance Sheet Statement of Cash flows Notes to the Accounts Detailed Statement of Financial Activities 9t012 Page I Ollve Tree Ald Foundation Trustees Annual Report The trustees, who are a150 directors of the charity for the purposes of the Companies Act 2006, present their report wtth the unaudited financial statements of the charity for the year ended 30 September 2023. REFERENCE AND ADMINISTRATIVE D￿AlL$ Company No. CE024768 Charlty No. 1193339 Prlnclpal Office 4 Charnwood Drlve London E181PE Registered Office 4 Charnwood Drive London E18 IPE Dlrectors and Trustees The Directors of the charitable ¢ompany are rls Trustees for the purposes of charity law. The following Directors and Tnjstees served during the year.. Aneeqa Kaniz Bhuiya Bozlur Rahman Safeer Rahman Bhuiya Accountants Ace Accountants and Tax Consultants Ltd 127 Fencepiece Road Ilford Essex IG62LD oBJE￿IVEs AND ACTIVITIES The relief of those in need, by reason of youth, age, ill health, disability, flnanclal hardshlp or other dlsadvantage anywhere In the world, through the provision of Brants and funding to help those in need of medical care, housin& food, basic hygiene products and other essential rtems and also property gifted to charity during the financial year. The relief of those in need, by rea50n of youth, age, ill hea￿h, disabilitV* financial hardship or other disadvantage anywhere in the world, through the provision of grants and funding to help those in need of medical care. housing, food, basic hygiene products and other essential item5. ACHIEVEMENTS AND PERFORMANCE Page 2 Ollve Tree Aid Foundation Tn•stees Annual Report Since the charity is relatively new and fund raising has been limited, our achievements was less than expected. We hope to improve our achievments in the comlng year. PLANS FOR FUTURE PERIODS We hope to increase our charity giving in the toming financial year to more worthy charitables causes in the The Trustee5 are responslble for keeplng proper accountlng records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply wlth the Companie5 Act 2(K16. The Trustees are also responsible for safeguarding the assets of the charty and hence taking reasonable Steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companles Att 2006 and in accordance with the Charitles SORP IFRS 1021. Signed on behalf of the board Bozlur Rahman Trustee 25 June 2024 Page 3 Ollve Tree Aid Foundatlon Independent Examiners Report Independent Examlner's Report to the trustees of Ollve Tree Aid Foundatlon l ieport to the charity trustee5 on my examination of the financial statements of Olive Tree Aid Foundation for the year ended 30 September 2023. Responslbllltles and basis of report A5 the charity's trustees of the COmpa￿Y land a150 Its director5 for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Act. Having satisfied myself that the financial statements of the Charlty 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 chartty's financial statements as carried out under sertion 145 of the Charltles Act 20111'the 2011 Act'l. In carrying out my examinatlon I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examlner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in accordance with section 386 of the 2006 Act - or the financial statement5 do not accord with those records. or the financial statements do not comply with the accounting requirements under section 396 of the 2(X)6 Act other than any requirement that the financlal statements give a 'true and fair, view which is not a matter considered as part of an independent examination- or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Prartice for accounting and reporting by charities applicable to charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters In Connertion wtth the examination to which attentlon should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Mr Pathmanathan Valluvai ACCA Ace Accountants and Tax Consultants Ltd 127 Fencepiece Road Ilford A¢0 Ace¢untan16 & TAX Con5ts1lants Ltd Chart6rgLI M8nagemenl A¢counianlS 127 F£ncspieGe Ro8¢. Illord, Es$ex. IG8 ZLkl T.. 0208 550 5369 I M. 0753 5555001 W.. vhw,aCo8C￿jI9ft￿.trj.￿ Essex IG62LD 25 June 2024 Page 4 Olive Tree Aid Foundation Statement of Financial Activities for the year ended 30 September 2023 Unrestricted funds Total funds Total funds 2023 2023 2022 Notes Income and endowments from.. Donations and legacies Charitable 3Ctivitie5 Other 21,778 21,778 236,550 242.973 6,400 19,200 19,200 Totsl 40,978 40.978 485.923 Expendlture on: Charitable activities Other 1,592 2,487 1,592 2,487 3,300 607 Total 4,079 4,079 3,907 Net Éalns on investments Net Income 36,899 36.899 482,016 Transfers between fund5 Net income before other 8ain5lllo55esl 36,899 36,899 482,016 Other galns and losses Net movernent In fund5 36,899 36,899 482,016 Reconclliation of fund5: Total funds brought forward 482,516 482,516 500 Total funds carrled t¢rward 519,415 519,415 482,516 Page 5 Olive Tree Ald Foundatlon Summary Income and Expenditure Account for the year ended 30 5eptembÈr 2023 2023 2022 Income 40,978 485,923 Gross Income for the year Expenditure 40,978 485,923 4,079 3,907 Total expendlture for the year Net income before tsx for the year 4,079 3,907 36,899 482,016 Net income for the year 36,899 482.016 Page 6 Olive Tree Aid Foundatlon Balan¢e Sheet at 30 September 2023 Company No. CE024768 Notes 2023 2022 FIKed assets Tangible assets Investments io 455,000 10,2(K) 465,2￿) 455,000 10,21JO 465,200 li Current assets Cash at bank and in hand 55,415 55,415 11,2001 54,215 17,916 17.916 16001 17,316 Creditors: Amount falling due within one year Net current assets 12 Total assets less cuirent Ilabllltles 519,415 482,516 Net assets excludlng penslon asset or liability 519,415 482,516 Total net assets 519,415 482,516 The funds of the charlty Restrlcted funds Unrestrirted funds General funds 13 13 519,415 482,516 519,415 482,516 Reserves Totsl funds 519,415 482,516 These accounts have been p￿pared In accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The rnembers have not required the company to obtain an 3udtt in accordance with section 476 of the Companie5 Act 2006. The dlrectors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 25 June 2024 And signed on rts behalf by.. Bozlur Rahman Trustee 25 June 2024 Page 7 Ollve Tree Aid Foundation Statement of Cash flows for the year ended 30 September 2023 20Z3 2022 Cash flows from opeiatlng artlvltles Net income per Statement of Flnanclal Artivities 36,899 482,016 Adjustments for: Dividends, interest and rents from investments 119,2001 16,4001 Net cash provlded by operatlng actlvftles 17.699 475,616 Cash flows from investing activities Dividends, interest and rent5 from investments 19,200 6,400 Net cash fromllused In) Investlng artlvltles 19,200 1448,6001 Net cash from financing activities Net increase In cash and cash equivalents 36,899 27,016 Cash and cash equlvalents at the be8lnning ot the year 17,916 500 Cash and cash equlvalents at the end of the year 54,815 27,516 Components ot ￿5h and cash equivalents Cash and bank balances 55,415 17,916 55,415 17,916 Page 8 Olive Tree Ald Foundation Note5 to the Accounts for the year ended 30 September 2023 l Ac¢ounting policie5 Basls of preparation The finantial Statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Prartice applitable to charities preparing their accounts in accordance with the Financial Reporting Standard 3ppIic3ble in the UK and Republlc of Ireland IFRS 1021 (effective I January 20151 (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFAS 1021 and the Companies Act 2006. Change In basls of ac¢ountin8 or to previous a¢¢ountS There has been no change to the accourkting policies (valuation rules and method of accountlngl since last year and no changes have been made to accounts for previou5 year5. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general object5 of the charity. These are unrestrirted fund5 earmarked by the trustees for particular purposes. These are unrestrlcted funds which include a revaluation reserve representlng the restatement of investment assets at their market values. These are available for use subject to restrictions Imposed by the donor or through terms of an appeal. DesiEnated funds Revaluation funds Restrtcted funds Income Recognition of Income Income Is Included In the Ststement of Financial Activities ISOFAI when the chaiity becomes entitled to, and virtually certain to recelve, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the Income and related expenditure is expenditure reported gross In the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included In the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaSms is included in the SOFA at the same time as the dorbations and grFts giftldonation to which it relates. Donated services These are only included in income Iwith an equivalent amount in expenditure and facilities where the benefit to the Charlty is reasonably quantifiable. measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gainslllossesl on This includes any gain Of loss resuking from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/llossesl on Investment assets This includes any galn or loss on the sale of investments. Page 9 Ollve Tree Ald Foundation Notes to the Accounts Expendlture Recognttron of expendtture Expenditure is recognised on an aCuUa￿ basis. Expendtture includes any VATwhich cannot be fully ￿CoVered, and is reported as part of the expenditure to which it relates. ExpenditUTe on These comprise the costs ass(Kiated witll attrarting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity In the dellvery of its activitie5 and charitable actrvities service5 in the furtherance of its objects. including the making of grants and governance costs. All grant expenditure ts accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and ststutory requirements ol the Charity. including any auditlindependent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expendifure These are support Costs not allocated to a particular artivity- Grants payable Governan￿ costs Taxation The chartty 15 exernpt from corporation tax on its charitable activities. Freehold Investment property Investment properties a￿ measured Initial￿ at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or10sses are taken to the Statement of Fin3rKial Activrties as they arise. Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair dlue which is the amount the charty would have been willlng to pay for the items on the open market. Trade and othef debtors Trade and other debtor5 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. Cash and cash equivalents Cash and cash equivalents comprlse cash at bank and on hand, demand deposits with banks and other short-term high￿ liquid investments with original maturities of three months or le55 and bank overdrafts. In the staternent of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Ststement of Cash Flows. cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and fom? an integral part of the company's ta5h management. Trade and other credltors Short term creditors are measured at the transaction price. Other credttors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably resuk in the transfer of funds to a third party and the amount due to settle the obligBtion can be measured or estimated reliably. Creditors and provisions are normal￿ recognsed at their settlement amount after allowing for any trade distounts due. PaEe 10 Ollve Tree Aid Foundation Notes to the Accounts Research and development Expendtture on research and development is written off in the year in which it is inturred. Foreign currencies Monetary a55ets and liabilities denominated in currenues other than the fun￿￿n31 currenry of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arrNinB at net incomelexpendtture. Leased a55ets Where the charrty enters into a lease which entaiLs taking substantially all the r￿kS and rewards of ownership of an asset. the lease is treated as a finante lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initialty recognised a5 assets of the charity at their fair value at the inception of the lease or. if lower, at the present value of the minimum lease payments. The corresponding liabilty to the lessor is included in the balance sheet date a5 a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediatety. unless they are dirertty attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held underfinance lease5 are depreciated in the same way as owned a55ets. Operating lease payments are recognised as aft expense on a straight-line basis over the lease term. In the event that lease incenttves are received to enter into operating leases, such incentives are re¢ognised as a liability. The aggregate benefit of incentives is recogni5ed a5 a reduction of rental expense on a straight-line basis. Pension costs The charrty operates a defined contribution plan for its employees. A defined contribution plan is pension plan under which the company pays fixed contributions into a separate enttty. Once the contributions have been paid the company ha5 no further payments obligations. The contrlbutions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are hekl separately from the company in independently administered funds. Recelpt ¢f donated good5, facilities and servlces All donated goods, facilrtie5 and service5 re￿iVed are recognised wrthin incoming resources and expenditure at an estimate of the value to the Charity. 2 Company status The company is a private company limited byguarantee and consequentty does not have share capital. Page 11 Olive Tree Ald Foundatlon Note5 to the Accounts 3 Statement ol Financial Artivities- prior year Uniestrlcted funds Total funds 2022 2022 Income and endowrnents from". Donations alld legacies Charitable activities Other 236,550 242,973 6,400 236.550 242,973 6.400 Total 485,923 485,923 Expendlture on: Charitable activities 3,300 3,300 607 Other 607 Total 3,907 3,907 Net income 482,016 482,016 Net Income before other galnslllossesl Other gains and losses.. Net movementln funds 482,016 482,016 482,016 482,016 Reconclliation of funds: Total funds brought *orward Total fund5 carried fonvard 51)) 500 482,516 482.516 4 Income from donatlons and legacies Unrestricted Totsl Total 2023 2022 21,778 21,778 21,778 21,778 236,550 236,550 5 Income from charltable activities Totsl 2023 Total 2022 242,973 242,973 Page 12 Olive Tree Aid Foundatlon Notes to the A¢¢ount5 6 Other Income Unrestricted Total Total 2023 2022 19,200 19,200 19,200 19,200 6,4(X) 6,400 7 Expendllure on tharltable artlvltles Unrestrlcted Totsl Total 2023 2022 Expendlture on churitijble activities 1,592 1,592 3,31Xl Governonce costs 1,592 1,592 3,300 8 Other expenditure Unrestrl¢ted Total Totsl 2023 2022 PrÈmise5 Costs 1,803 84 1.803 84 General adminlstrative costs Legal and professional costs 600 600 600 2,487 2.487 607 9 Staff c¢sts No employee recelved emoluments In excess of £60,000. 10 Tanglble flxed assets Cost or revaluat5on At l October 2022 At 30 september 2023 Net book values 455,000 455.0 455,000 455,000 At 30 September 2023 At 30 September 2022 455,000 455,000 455,000 455,0(J) Page 13 Ollve TreÈ Aid Foundation Notes to the Accounts 11 Investments Other investments Unllsted Total Cost or revaluatlon At l October 2022 10,200 10,200 10,200 10,200 At 30 September 2023 Net book values At 30 September 2023 At 30 September 2022 12 Credrtor5'. amounts falling due wlthln one year 10,200 10,200 10,200 10,200 2023 2022 Accruals 1,20) 1,200 600 13 Movement In funds Incomin8 resources (including other gainsllosses At30 September Z023 Resources expended At i ortober 2022 Restrirted fund5: Unrestrlcted funds: General funds 482,516 40,978 14,0791 519,415 Total funds 14 Analysls of net assels between funds 482,516 40,978 14,0791 519,415 Unrestrictsd fvnds Restricted funds Total Fixed assets 455,(M)O 455,C)00 10,200 54,215 519,415 Investments Net current assets 10,200 54,215 64,415 455,000 Page 14 Olive Tree Ald Foundatoon Notes to the Accounts 15 Recon¢lllation of net debt At30 September 2023 At l October 2022 Cash Ilows Cash and cash equlvalents 17,916 17.916 37,499 37,499 55,415 55,415 Net debt 17,916 37,499 55,415 16 Related party disd05ures Controlllng party The company is limfted by guarantee and has no share capltal- thus no slngle party controls the company. Page X5 Ollve Tree Aid Foundation Detailed Statement of Flnancial Activities for the year ended 30 September 2023 Unrestricted funds 2023 Total funds 2023 Total funds 2022 Income and endovmients from: Donations and legacies 21,778 21,778 21,778 21,778 236,550 236,550 Charitable actrvities 242,973 242,973 Other 19,200 19,200 19,200 19,200 6,400 6,400 Total income and endowments 40,978 40,978 485,923 Expendlture on: Charttable activities 1,592 1,592 1,592 1,592 3,300 3,300 Total ot expendlture on charltable artlvltles 1,592 1,592 3.300 Premises Costs Premises repairs and maintenance 1,803 1,803 1,803 1,803 General administrative costs. including depreciatlon and amortisation Bank charges 84 84 84 Legal and professional cost5 Accountancy and bookkeeplng 600 600 6(K) rinn finn Total of expenditure of other costs Total expenditure Net gains on Investments 2,487 2,487 607 4,079 4.079 3,907 Net Income 36,899 36,899 482,016 Net Income before other gain5lllo5sesl Other Gains 36,899 36,899 482.016 Page 16 Ollve Tree Aid Foundation Detailed Statement of Flnanclal Activities Net movement in funds 36,899 36,899 482,016 Reconciliation of funds: Total funds brought forward 482,516 482,516 500 Total funds carried forward 519,415 519,415 482,516 Page 17 Olive Tree Ald Foundation Chority No. 1193339 Company No. CE024768 Trustees, Report and Unaudlted Accounts 30 September 2023 Ollve Tree Aid Foundation Contents Pages Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities Summary Income and Expendlture Account Balance Sheet Statement of Cash flows Notes to the Accounts Detailed Statement of Financial Activities 9t012 Page I Ollve Tree Ald Foundation Trustees Annual Report The trustees, who are a150 directors of the charity for the purposes of the Companies Act 2006, present their report wtth the unaudited financial statements of the charity for the year ended 30 September 2023. REFERENCE AND ADMINISTRATIVE D￿AlL$ Company No. CE024768 Charlty No. 1193339 Prlnclpal Office 4 Charnwood Drlve London E181PE Registered Office 4 Charnwood Drive London E18 IPE Dlrectors and Trustees The Directors of the charitable ¢ompany are rls Trustees for the purposes of charity law. The following Directors and Tnjstees served during the year.. Aneeqa Kaniz Bhuiya Bozlur Rahman Safeer Rahman Bhuiya Accountants Ace Accountants and Tax Consultants Ltd 127 Fencepiece Road Ilford Essex IG62LD oBJE￿IVEs AND ACTIVITIES The relief of those in need, by reason of youth, age, ill health, disability, flnanclal hardshlp or other dlsadvantage anywhere In the world, through the provision of Brants and funding to help those in need of medical care, housin& food, basic hygiene products and other essential rtems and also property gifted to charity during the financial year. The relief of those in need, by rea50n of youth, age, ill hea￿h, disabilitV* financial hardship or other disadvantage anywhere in the world, through the provision of grants and funding to help those in need of medical care. housing, food, basic hygiene products and other essential item5. ACHIEVEMENTS AND PERFORMANCE Page 2 Ollve Tree Aid Foundation Tn•stees Annual Report Since the charity is relatively new and fund raising has been limited, our achievements was less than expected. We hope to improve our achievments in the comlng year. PLANS FOR FUTURE PERIODS We hope to increase our charity giving in the toming financial year to more worthy charitables causes in the The Trustee5 are responslble for keeplng proper accountlng records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply wlth the Companie5 Act 2(K16. The Trustees are also responsible for safeguarding the assets of the charty and hence taking reasonable Steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companles Att 2006 and in accordance with the Charitles SORP IFRS 1021. Signed on behalf of the board Bozlur Rahman Trustee 25 June 2024 Page 3 Ollve Tree Aid Foundatlon Independent Examiners Report Independent Examlner's Report to the trustees of Ollve Tree Aid Foundatlon l ieport to the charity trustee5 on my examination of the financial statements of Olive Tree Aid Foundation for the year ended 30 September 2023. Responslbllltles and basis of report A5 the charity's trustees of the COmpa￿Y land a150 Its director5 for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Act. Having satisfied myself that the financial statements of the Charlty 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 chartty's financial statements as carried out under sertion 145 of the Charltles Act 20111'the 2011 Act'l. In carrying out my examinatlon I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent examlner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in accordance with section 386 of the 2006 Act - or the financial statement5 do not accord with those records. or the financial statements do not comply with the accounting requirements under section 396 of the 2(X)6 Act other than any requirement that the financlal statements give a 'true and fair, view which is not a matter considered as part of an independent examination- or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Prartice for accounting and reporting by charities applicable to charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters In Connertion wtth the examination to which attentlon should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Mr Pathmanathan Valluvai ACCA Ace Accountants and Tax Consultants Ltd 127 Fencepiece Road Ilford A¢0 Ace¢untan16 & TAX Con5ts1lants Ltd Chart6rgLI M8nagemenl A¢counianlS 127 F£ncspieGe Ro8¢. Illord, Es$ex. IG8 ZLkl T.. 0208 550 5369 I M. 0753 5555001 W.. vhw,aCo8C￿jI9ft￿.trj.￿ Essex IG62LD 25 June 2024 Page 4 Olive Tree Aid Foundation Statement of Financial Activities for the year ended 30 September 2023 Unrestricted funds Total funds Total funds 2023 2023 2022 Notes Income and endowments from.. Donations and legacies Charitable 3Ctivitie5 Other 21,778 21,778 236,550 242.973 6,400 19,200 19,200 Totsl 40,978 40.978 485.923 Expendlture on: Charitable activities Other 1,592 2,487 1,592 2,487 3,300 607 Total 4,079 4,079 3,907 Net Éalns on investments Net Income 36,899 36.899 482,016 Transfers between fund5 Net income before other 8ain5lllo55esl 36,899 36,899 482,016 Other galns and losses Net movernent In fund5 36,899 36,899 482,016 Reconclliation of fund5: Total funds brought forward 482,516 482,516 500 Total funds carrled t¢rward 519,415 519,415 482,516 Page 5 Olive Tree Ald Foundatlon Summary Income and Expenditure Account for the year ended 30 5eptembÈr 2023 2023 2022 Income 40,978 485,923 Gross Income for the year Expenditure 40,978 485,923 4,079 3,907 Total expendlture for the year Net income before tsx for the year 4,079 3,907 36,899 482,016 Net income for the year 36,899 482.016 Page 6 Olive Tree Aid Foundatlon Balan¢e Sheet at 30 September 2023 Company No. CE024768 Notes 2023 2022 FIKed assets Tangible assets Investments io 455,000 10,2(K) 465,2￿) 455,000 10,21JO 465,200 li Current assets Cash at bank and in hand 55,415 55,415 11,2001 54,215 17,916 17.916 16001 17,316 Creditors: Amount falling due within one year Net current assets 12 Total assets less cuirent Ilabllltles 519,415 482,516 Net assets excludlng penslon asset or liability 519,415 482,516 Total net assets 519,415 482,516 The funds of the charlty Restrlcted funds Unrestrirted funds General funds 13 13 519,415 482,516 519,415 482,516 Reserves Totsl funds 519,415 482,516 These accounts have been p￿pared In accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. For the year ended 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The rnembers have not required the company to obtain an 3udtt in accordance with section 476 of the Companie5 Act 2006. The dlrectors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. Approved by the board on 25 June 2024 And signed on rts behalf by.. Bozlur Rahman Trustee 25 June 2024 Page 7 Ollve Tree Aid Foundation Statement of Cash flows for the year ended 30 September 2023 20Z3 2022 Cash flows from opeiatlng artlvltles Net income per Statement of Flnanclal Artivities 36,899 482,016 Adjustments for: Dividends, interest and rents from investments 119,2001 16,4001 Net cash provlded by operatlng actlvftles 17.699 475,616 Cash flows from investing activities Dividends, interest and rent5 from investments 19,200 6,400 Net cash fromllused In) Investlng artlvltles 19,200 1448,6001 Net cash from financing activities Net increase In cash and cash equivalents 36,899 27,016 Cash and cash equlvalents at the be8lnning ot the year 17,916 500 Cash and cash equlvalents at the end of the year 54,815 27,516 Components ot ￿5h and cash equivalents Cash and bank balances 55,415 17,916 55,415 17,916 Page 8 Olive Tree Ald Foundation Note5 to the Accounts for the year ended 30 September 2023 l Ac¢ounting policie5 Basls of preparation The finantial Statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Prartice applitable to charities preparing their accounts in accordance with the Financial Reporting Standard 3ppIic3ble in the UK and Republlc of Ireland IFRS 1021 (effective I January 20151 (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFAS 1021 and the Companies Act 2006. Change In basls of ac¢ountin8 or to previous a¢¢ountS There has been no change to the accourkting policies (valuation rules and method of accountlngl since last year and no changes have been made to accounts for previou5 year5. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general object5 of the charity. These are unrestrirted fund5 earmarked by the trustees for particular purposes. These are unrestrlcted funds which include a revaluation reserve representlng the restatement of investment assets at their market values. These are available for use subject to restrictions Imposed by the donor or through terms of an appeal. DesiEnated funds Revaluation funds Restrtcted funds Income Recognition of Income Income Is Included In the Ststement of Financial Activities ISOFAI when the chaiity becomes entitled to, and virtually certain to recelve, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the Income and related expenditure is expenditure reported gross In the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included In the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaSms is included in the SOFA at the same time as the dorbations and grFts giftldonation to which it relates. Donated services These are only included in income Iwith an equivalent amount in expenditure and facilities where the benefit to the Charlty is reasonably quantifiable. measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gainslllossesl on This includes any gain Of loss resuking from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/llossesl on Investment assets This includes any galn or loss on the sale of investments. Page 9 Ollve Tree Ald Foundation Notes to the Accounts Expendlture Recognttron of expendtture Expenditure is recognised on an aCuUa￿ basis. Expendtture includes any VATwhich cannot be fully ￿CoVered, and is reported as part of the expenditure to which it relates. ExpenditUTe on These comprise the costs ass(Kiated witll attrarting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity In the dellvery of its activitie5 and charitable actrvities service5 in the furtherance of its objects. including the making of grants and governance costs. All grant expenditure ts accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and ststutory requirements ol the Charity. including any auditlindependent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expendifure These are support Costs not allocated to a particular artivity- Grants payable Governan￿ costs Taxation The chartty 15 exernpt from corporation tax on its charitable activities. Freehold Investment property Investment properties a￿ measured Initial￿ at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or10sses are taken to the Statement of Fin3rKial Activrties as they arise. Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair dlue which is the amount the charty would have been willlng to pay for the items on the open market. Trade and othef debtors Trade and other debtor5 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. Cash and cash equivalents Cash and cash equivalents comprlse cash at bank and on hand, demand deposits with banks and other short-term high￿ liquid investments with original maturities of three months or le55 and bank overdrafts. In the staternent of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Ststement of Cash Flows. cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and fom? an integral part of the company's ta5h management. Trade and other credltors Short term creditors are measured at the transaction price. Other credttors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably resuk in the transfer of funds to a third party and the amount due to settle the obligBtion can be measured or estimated reliably. Creditors and provisions are normal￿ recognsed at their settlement amount after allowing for any trade distounts due. PaEe 10 Ollve Tree Aid Foundation Notes to the Accounts Research and development Expendtture on research and development is written off in the year in which it is inturred. Foreign currencies Monetary a55ets and liabilities denominated in currenues other than the fun￿￿n31 currenry of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arrNinB at net incomelexpendtture. Leased a55ets Where the charrty enters into a lease which entaiLs taking substantially all the r￿kS and rewards of ownership of an asset. the lease is treated as a finante lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initialty recognised a5 assets of the charity at their fair value at the inception of the lease or. if lower, at the present value of the minimum lease payments. The corresponding liabilty to the lessor is included in the balance sheet date a5 a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediatety. unless they are dirertty attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held underfinance lease5 are depreciated in the same way as owned a55ets. Operating lease payments are recognised as aft expense on a straight-line basis over the lease term. In the event that lease incenttves are received to enter into operating leases, such incentives are re¢ognised as a liability. The aggregate benefit of incentives is recogni5ed a5 a reduction of rental expense on a straight-line basis. Pension costs The charrty operates a defined contribution plan for its employees. A defined contribution plan is pension plan under which the company pays fixed contributions into a separate enttty. Once the contributions have been paid the company ha5 no further payments obligations. The contrlbutions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are hekl separately from the company in independently administered funds. Recelpt ¢f donated good5, facilities and servlces All donated goods, facilrtie5 and service5 re￿iVed are recognised wrthin incoming resources and expenditure at an estimate of the value to the Charity. 2 Company status The company is a private company limited byguarantee and consequentty does not have share capital. Page 11 Olive Tree Ald Foundatlon Note5 to the Accounts 3 Statement ol Financial Artivities- prior year Uniestrlcted funds Total funds 2022 2022 Income and endowrnents from". Donations alld legacies Charitable activities Other 236,550 242,973 6,400 236.550 242,973 6.400 Total 485,923 485,923 Expendlture on: Charitable activities 3,300 3,300 607 Other 607 Total 3,907 3,907 Net income 482,016 482,016 Net Income before other galnslllossesl Other gains and losses.. Net movementln funds 482,016 482,016 482,016 482,016 Reconclliation of funds: Total funds brought *orward Total fund5 carried fonvard 51)) 500 482,516 482.516 4 Income from donatlons and legacies Unrestricted Totsl Total 2023 2022 21,778 21,778 21,778 21,778 236,550 236,550 5 Income from charltable activities Totsl 2023 Total 2022 242,973 242,973 Page 12 Olive Tree Aid Foundatlon Notes to the A¢¢ount5 6 Other Income Unrestricted Total Total 2023 2022 19,200 19,200 19,200 19,200 6,4(X) 6,400 7 Expendllure on tharltable artlvltles Unrestrlcted Totsl Total 2023 2022 Expendlture on churitijble activities 1,592 1,592 3,31Xl Governonce costs 1,592 1,592 3,300 8 Other expenditure Unrestrl¢ted Total Totsl 2023 2022 PrÈmise5 Costs 1,803 84 1.803 84 General adminlstrative costs Legal and professional costs 600 600 600 2,487 2.487 607 9 Staff c¢sts No employee recelved emoluments In excess of £60,000. 10 Tanglble flxed assets Cost or revaluat5on At l October 2022 At 30 september 2023 Net book values 455,000 455.0 455,000 455,000 At 30 September 2023 At 30 September 2022 455,000 455,000 455,000 455,0(J) Page 13 Ollve TreÈ Aid Foundation Notes to the Accounts 11 Investments Other investments Unllsted Total Cost or revaluatlon At l October 2022 10,200 10,200 10,200 10,200 At 30 September 2023 Net book values At 30 September 2023 At 30 September 2022 12 Credrtor5'. amounts falling due wlthln one year 10,200 10,200 10,200 10,200 2023 2022 Accruals 1,20) 1,200 600 13 Movement In funds Incomin8 resources (including other gainsllosses At30 September Z023 Resources expended At i ortober 2022 Restrirted fund5: Unrestrlcted funds: General funds 482,516 40,978 14,0791 519,415 Total funds 14 Analysls of net assels between funds 482,516 40,978 14,0791 519,415 Unrestrictsd fvnds Restricted funds Total Fixed assets 455,(M)O 455,C)00 10,200 54,215 519,415 Investments Net current assets 10,200 54,215 64,415 455,000 Page 14 Olive Tree Ald Foundatoon Notes to the Accounts 15 Recon¢lllation of net debt At30 September 2023 At l October 2022 Cash Ilows Cash and cash equlvalents 17,916 17.916 37,499 37,499 55,415 55,415 Net debt 17,916 37,499 55,415 16 Related party disd05ures Controlllng party The company is limfted by guarantee and has no share capltal- thus no slngle party controls the company. Page X5 Ollve Tree Aid Foundation Detailed Statement of Flnancial Activities for the year ended 30 September 2023 Unrestricted funds 2023 Total funds 2023 Total funds 2022 Income and endovmients from: Donations and legacies 21,778 21,778 21,778 21,778 236,550 236,550 Charitable actrvities 242,973 242,973 Other 19,200 19,200 19,200 19,200 6,400 6,400 Total income and endowments 40,978 40,978 485,923 Expendlture on: Charttable activities 1,592 1,592 1,592 1,592 3,300 3,300 Total ot expendlture on charltable artlvltles 1,592 1,592 3.300 Premises Costs Premises repairs and maintenance 1,803 1,803 1,803 1,803 General administrative costs. including depreciatlon and amortisation Bank charges 84 84 84 Legal and professional cost5 Accountancy and bookkeeplng 600 600 6(K) rinn finn Total of expenditure of other costs Total expenditure Net gains on Investments 2,487 2,487 607 4,079 4.079 3,907 Net Income 36,899 36,899 482,016 Net Income before other gain5lllo5sesl Other Gains 36,899 36,899 482.016 Page 16 Ollve Tree Aid Foundation Detailed Statement of Flnanclal Activities Net movement in funds 36,899 36,899 482,016 Reconciliation of funds: Total funds brought forward 482,516 482,516 500 Total funds carried forward 519,415 519,415 482,516 Page 17