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2024-09-30-accounts

Trustees’ Annual Report for the period

From 1[st] OCT 2023 Period start date To 30[th] Sept 2024 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:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 n/a
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 n/a
A description of the principal
risks facing the charity		 Para 1.46 n/a
Other n/a

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:

Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51 N/A
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 N/A
Relationship with any
related parties		 Para 1.51 N/A
Other N/A

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(if any)
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
29 July 2025
29 July 2025

Olive Tree Aid Foundation

Charity No. 1193339

Company No. CE024768

Trustees' Report and Unaudited Accounts

30 September 2024

Olive Tree Aid Foundation Contents

Pages
Trustees' Annual Report 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Summary Income and Expenditure Account 4
Balance Sheet 5
Statement of Cash flows 6
Notes to the Accounts 7
Detailed Statement of Financial Activities 8 to 15

Page 1

Olive Tree Aid Foundation Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 September 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. CE024768

Charity No. 1193339

Principal Office

4 Charnwood Drive London E181PE

Registered Office

4 Charnwood Drive London E18 1PE

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

Aneeqa Kaniz Bhuiya Bozlur Rahman Safeer Rahman Bhuiya

Accountants

Ace Accountants & Tax Consultants Ltd 127 Fencepiece Road

Ilford Essex IG6 2LD

OBJECTIVES AND ACTIVITIES

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 and also property gifted to charity during the financial year.

ACHIEVEMENTS AND PERFORMANCE

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 coming year.

PLANS FOR FUTURE PERIODS

Page 2

Olive Tree Aid Foundation Trustees Annual Report

We hope to increase our charity giving in the coming financial year to more worthy charitables causes in the U.K.

The Trustees are responsible for keeping proper accounting 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 with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity 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 Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

Bozlur Rahman Trustee 29 July 2025

Page 3

Olive Tree Aid Foundation Independent Examiners Report

Independent Examiner's Report to the trustees of Olive Tree Aid Foundation

I report to the charity trustees on my examination of the financial statements of Olive Tree Aid Foundation for the year ended 30 September 2024.

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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity 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 financial statements 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.

Independent examiner'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:

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 financial statements to be reached.

Mr. P. Valluvar FCCA Ace Accountants & Tax Consultants Ltd 127 Fencepiece Road Ilford

Essex IG6 2LD 29 July 2025

Page 4

Olive Tree Aid Foundation Statement of Financial Activities

for the year ended 30 September 2024

Notes
Income and endowments
from:
Donations and legacies
4
Other
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net income
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2024
£
42,366
19,200		 Total funds
2024
£
42,366
19,200		 Total funds
2023
£
21,778
19,200
61,566
40,693
6,589		 61,566
40,693
6,589		 40,978
1,592
2,487
47,282
-		 47,282
-		 4,079
-
14,284
-		 14,284
-		 36,899
-
14,284 14,284 36,899
14,284
519,415		 14,284
519,415		 36,899
482,516
533,699 533,699 519,415

Page 5

Olive Tree Aid Foundation Summary Income and Expenditure Account

for the year ended 30 September 2024

Income
Gross income for the year
Expenditure
Total expenditure for the year
Net income before tax for the year
Net income for the year		 2024
£
61,566
61,566
47,282
47,282
14,284
14,284		 2023
£
40,978
40,978
4,079
4,079
36,899
36,899

Page 6

Olive Tree Aid Foundation Balance Sheet

at 30 September 2024

Company No.
CE024768
Notes
2024
£
Fixed assets
Tangible assets
9
515,000
Investments
10
10,200
525,200
Current assets
Cash at bank and in hand
10,299
10,299
Creditors:Amount falling due within one year
11
(1,800)
Net current assets
8,499
Total assets less current liabilities
533,699
Net assets excluding pension asset or liability
533,699
Total net assets
533,699
The funds of the charity
Restricted funds
12
Unrestricted funds
12
General funds
533,699
533,699
Reserves
12
Total funds
533,699		 2023
£
455,000
10,200
465,200
55,415
55,415
(1,200)
54,215
519,415
519,415
519,415
519,415
519,415
519,415

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors 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 29 July 2025

And signed on its behalf by:

Bozlur Rahman Trustee 22 July 2025

Page 7

Olive Tree Aid Foundation Statement of Cash flows for the year ended 30 September 2024

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Dividends, interest and rents from investments
Increase in trade and other payables
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Dividends, interest and rents from investments
Net cash (used in)/from investing activities
Net cash from financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2024
£
14,284
(19,200)
600
(4,316)
(60,000)
19,200
(40,800)
-
(45,116)
55,415
10,299
10,299
10,299		 2023
£
36,899
(19,200)
-
17,699
-
19,200
19,200
-
36,899
17,916
54,815
55,415
55,415

Page 8

Olive Tree Aid Foundation Notes to the Accounts

for the year ended 30 September 2024

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

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. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

Olive Tree Aid Foundation Notes to the Accounts

Expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions 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 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 10

Olive Tree Aid Foundation Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency 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 arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance 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 initially recognised as 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 liability to the lessor is included in the balance sheet date as 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 immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions 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 held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 11

Olive Tree Aid Foundation

Notes to the Accounts

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Other
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies
5
Other income		 Unrestricted
£
42,366
42,366
Unrestricted
£
19,200
19,200		 Unrestricted
funds
2023
£
21,778
19,200
40,978
1,592
2,487
4,079
36,899
36,899
36,899
482,516
519,415
Total
2024
£
42,366
42,366
Total
2024
£
19,200
19,200		 Total funds
2023
£
21,778
19,200
40,978
1,592
2,487
4,079
36,899
36,899
36,899
482,516
519,415
Total
2023
£
21,778
21,778
Total
2023
£
19,200
19,200

Page 12

Olive Tree Aid Foundation Notes to the Accounts

6 Expenditure on charitable activities

Expenditure on charitable
activities
Governance costs
7
Other expenditure
Premises costs
General administrative costs
Legal and professional costs
8
Staff costs
No employee received emoluments in excess of £60,000.
9
Tangible fixed assets
Cost or revaluation
At 1 October 2023
Additions
At 30 September 2024
Net book values
At 30 September 2024
At 30 September 2023
10 Investments
Cost or revaluation
At 1 October 2023
At 30 September 2024
Net book values
At 30 September 2024
At 30 September 2023		 Unrestricted
£
40,693
40,693
Unrestricted
£
3,483
63
3,043
6,589		 Total
2024
£
40,693
40,693
Total
2024
£
3,483
63
3,043
6,589
£
455,000
60,000
515,000
515,000
455,000
Other
investments
- Unlisted
£
10,200
10,200
10,200
10,200		 Total
2023
£
1,592
1,592
Total
2023
£
1,803
84
600
2,487
£
455,000
60,000
515,000
515,000
455,000
Total
£
10,200
10,200
10,200
10,200

Page 13

Olive Tree Aid Foundation Notes to the Accounts

11 Creditors:

amounts falling due within one year

Accruals
12 Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Total funds
13 Analysis of net assets between funds
Fixed assets
Investments
Net current assets
14 Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 October
2023
519,415
519,415		 2024
£
1,800
1,800
Incoming
resources
(including
other
gains/losses
)
£
61,566
61,566
Unrestricted
funds
£
-
10,200
8,499
18,699
At 1 October
2023
£		 Resources
expended
£
(47,282)
(47,282)
Restricted
funds
£
515,000
-
-
515,000
Cash flows
£		 2023
£
1,200
1,200
At 30
September
2024
£
533,699
533,699
Total
£
515,000
10,200
8,499
533,699
At 30
September
2024
£
55,415 (45,116) 10,299
55,415
55,415		 (45,116)
(45,116)		 10,299
10,299
15 Related party disclosures
Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 14

Olive Tree Aid Foundation Detailed Statement of Financial Activities

for the year ended 30 September 2024

Income and endowments from:
Donations and legacies
Other
Total income and endowments
Expenditure on:
Charitable activities
Total of expenditure on charitable
activities
Premises costs
Premises repairs and
maintenance
Other premises costs
General administrative costs,
including depreciation and
amortisation
Bank charges
Legal and professional costs
Accountancy and bookkeeping
Solicitor's fees
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds		 Unrestricted
funds
2024
£
42,366
42,366
19,200
19,200
61,566
40,693
40,693
40,693
2,314
1,169
3,483
63
63
600
2,443
3,043
6,589
47,282
-
14,284
14,284
-
14,284		 Total funds
2024
£
42,366
42,366
19,200
19,200
61,566
40,693
40,693
40,693
2,314
1,169
3,483
63
63
600
2,443
3,043
6,589
47,282
-
14,284
14,284
-
14,284		 Total funds
2023
£
21,778
21,778
19,200
19,200
40,978
1,592
1,592
1,592
1,803
-
1,803
84
84
600
-
600
2,487
4,079
-
36,899
36,899
-
36,899

Page 15

Olive Tree Aid Foundation Detailed Statement of Financial Activities

Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 519,415
533,699		 519,415
533,699		 482,516
519,415

Page 16

Olive Tree Aid Foundation

Charity No. 1193339

Company No. CE024768

Trustees' Report and Unaudited Accounts

30 September 2024

Olive Tree Aid Foundation Contents

Pages
Trustees' Annual Report 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Summary Income and Expenditure Account 4
Balance Sheet 5
Statement of Cash flows 6
Notes to the Accounts 7
Detailed Statement of Financial Activities 8 to 15

Page 1

Olive Tree Aid Foundation Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 September 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. CE024768

Charity No. 1193339

Principal Office

4 Charnwood Drive London E181PE

Registered Office

4 Charnwood Drive London E18 1PE

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

Aneeqa Kaniz Bhuiya Bozlur Rahman Safeer Rahman Bhuiya

Accountants

Ace Accountants & Tax Consultants Ltd 127 Fencepiece Road

Ilford Essex IG6 2LD

OBJECTIVES AND ACTIVITIES

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 and also property gifted to charity during the financial year.

ACHIEVEMENTS AND PERFORMANCE

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 coming year.

PLANS FOR FUTURE PERIODS

Page 2

Olive Tree Aid Foundation Trustees Annual Report

We hope to increase our charity giving in the coming financial year to more worthy charitables causes in the U.K.

The Trustees are responsible for keeping proper accounting 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 with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity 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 Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

Bozlur Rahman Trustee 29 July 2025

Page 3

Olive Tree Aid Foundation Independent Examiners Report

Independent Examiner's Report to the trustees of Olive Tree Aid Foundation

I report to the charity trustees on my examination of the financial statements of Olive Tree Aid Foundation for the year ended 30 September 2024.

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 financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity 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 financial statements 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.

Independent examiner'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:

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 financial statements to be reached.

Mr. P. Valluvar FCCA Ace Accountants & Tax Consultants Ltd 127 Fencepiece Road Ilford

Essex IG6 2LD 29 July 2025

Page 4

Olive Tree Aid Foundation Statement of Financial Activities

for the year ended 30 September 2024

Notes
Income and endowments
from:
Donations and legacies
4
Other
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net income
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2024
£
42,366
19,200		 Total funds
2024
£
42,366
19,200		 Total funds
2023
£
21,778
19,200
61,566
40,693
6,589		 61,566
40,693
6,589		 40,978
1,592
2,487
47,282
-		 47,282
-		 4,079
-
14,284
-		 14,284
-		 36,899
-
14,284 14,284 36,899
14,284
519,415		 14,284
519,415		 36,899
482,516
533,699 533,699 519,415

Page 5

Olive Tree Aid Foundation Summary Income and Expenditure Account

for the year ended 30 September 2024

Income
Gross income for the year
Expenditure
Total expenditure for the year
Net income before tax for the year
Net income for the year		 2024
£
61,566
61,566
47,282
47,282
14,284
14,284		 2023
£
40,978
40,978
4,079
4,079
36,899
36,899

Page 6

Olive Tree Aid Foundation Balance Sheet

at 30 September 2024

Company No.
CE024768
Notes
2024
£
Fixed assets
Tangible assets
9
515,000
Investments
10
10,200
525,200
Current assets
Cash at bank and in hand
10,299
10,299
Creditors:Amount falling due within one year
11
(1,800)
Net current assets
8,499
Total assets less current liabilities
533,699
Net assets excluding pension asset or liability
533,699
Total net assets
533,699
The funds of the charity
Restricted funds
12
Unrestricted funds
12
General funds
533,699
533,699
Reserves
12
Total funds
533,699		 2023
£
455,000
10,200
465,200
55,415
55,415
(1,200)
54,215
519,415
519,415
519,415
519,415
519,415
519,415

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors 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 29 July 2025

And signed on its behalf by:

Bozlur Rahman Trustee 22 July 2025

Page 7

Olive Tree Aid Foundation Statement of Cash flows for the year ended 30 September 2024

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Dividends, interest and rents from investments
Increase in trade and other payables
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Dividends, interest and rents from investments
Net cash (used in)/from investing activities
Net cash from financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2024
£
14,284
(19,200)
600
(4,316)
(60,000)
19,200
(40,800)
-
(45,116)
55,415
10,299
10,299
10,299		 2023
£
36,899
(19,200)
-
17,699
-
19,200
19,200
-
36,899
17,916
54,815
55,415
55,415

Page 8

Olive Tree Aid Foundation Notes to the Accounts

for the year ended 30 September 2024

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

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. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

Olive Tree Aid Foundation Notes to the Accounts

Expenditure

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other 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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions 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 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 10

Olive Tree Aid Foundation Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency 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 arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance 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 initially recognised as 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 liability to the lessor is included in the balance sheet date as 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 immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions 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 held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 11

Olive Tree Aid Foundation

Notes to the Accounts

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Other
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies
5
Other income		 Unrestricted
£
42,366
42,366
Unrestricted
£
19,200
19,200		 Unrestricted
funds
2023
£
21,778
19,200
40,978
1,592
2,487
4,079
36,899
36,899
36,899
482,516
519,415
Total
2024
£
42,366
42,366
Total
2024
£
19,200
19,200		 Total funds
2023
£
21,778
19,200
40,978
1,592
2,487
4,079
36,899
36,899
36,899
482,516
519,415
Total
2023
£
21,778
21,778
Total
2023
£
19,200
19,200

Page 12

Olive Tree Aid Foundation Notes to the Accounts

6 Expenditure on charitable activities

Expenditure on charitable
activities
Governance costs
7
Other expenditure
Premises costs
General administrative costs
Legal and professional costs
8
Staff costs
No employee received emoluments in excess of £60,000.
9
Tangible fixed assets
Cost or revaluation
At 1 October 2023
Additions
At 30 September 2024
Net book values
At 30 September 2024
At 30 September 2023
10 Investments
Cost or revaluation
At 1 October 2023
At 30 September 2024
Net book values
At 30 September 2024
At 30 September 2023		 Unrestricted
£
40,693
40,693
Unrestricted
£
3,483
63
3,043
6,589		 Total
2024
£
40,693
40,693
Total
2024
£
3,483
63
3,043
6,589
£
455,000
60,000
515,000
515,000
455,000
Other
investments
- Unlisted
£
10,200
10,200
10,200
10,200		 Total
2023
£
1,592
1,592
Total
2023
£
1,803
84
600
2,487
£
455,000
60,000
515,000
515,000
455,000
Total
£
10,200
10,200
10,200
10,200

Page 13

Olive Tree Aid Foundation Notes to the Accounts

11 Creditors:

amounts falling due within one year

Accruals
12 Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Total funds
13 Analysis of net assets between funds
Fixed assets
Investments
Net current assets
14 Reconciliation of net debt
Cash and cash equivalents
Net debt		 At 1 October
2023
519,415
519,415		 2024
£
1,800
1,800
Incoming
resources
(including
other
gains/losses
)
£
61,566
61,566
Unrestricted
funds
£
-
10,200
8,499
18,699
At 1 October
2023
£		 Resources
expended
£
(47,282)
(47,282)
Restricted
funds
£
515,000
-
-
515,000
Cash flows
£		 2023
£
1,200
1,200
At 30
September
2024
£
533,699
533,699
Total
£
515,000
10,200
8,499
533,699
At 30
September
2024
£
55,415 (45,116) 10,299
55,415
55,415		 (45,116)
(45,116)		 10,299
10,299
15 Related party disclosures
Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 14

Olive Tree Aid Foundation Detailed Statement of Financial Activities

for the year ended 30 September 2024

Income and endowments from:
Donations and legacies
Other
Total income and endowments
Expenditure on:
Charitable activities
Total of expenditure on charitable
activities
Premises costs
Premises repairs and
maintenance
Other premises costs
General administrative costs,
including depreciation and
amortisation
Bank charges
Legal and professional costs
Accountancy and bookkeeping
Solicitor's fees
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds		 Unrestricted
funds
2024
£
42,366
42,366
19,200
19,200
61,566
40,693
40,693
40,693
2,314
1,169
3,483
63
63
600
2,443
3,043
6,589
47,282
-
14,284
14,284
-
14,284		 Total funds
2024
£
42,366
42,366
19,200
19,200
61,566
40,693
40,693
40,693
2,314
1,169
3,483
63
63
600
2,443
3,043
6,589
47,282
-
14,284
14,284
-
14,284		 Total funds
2023
£
21,778
21,778
19,200
19,200
40,978
1,592
1,592
1,592
1,803
-
1,803
84
84
600
-
600
2,487
4,079
-
36,899
36,899
-
36,899

Page 15

Olive Tree Aid Foundation Detailed Statement of Financial Activities

Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 519,415
533,699		 519,415
533,699		 482,516
519,415

Page 16