Charity registration number 1198699 (England and Wal> OLIVE BRANCH AID ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
OLIVE BRANCH AID LEGAL AND ADMINISTRATIVE INFORMATION Trustoès K Coltage L A Palmas C Christodoulou S Moss11)S A R Popescu S H Antoniou-Pammènt Charlty number 1198899 PrlncSpal address Arch 848 Ptsrtslade Road London SW8 30H Independent examlner JF FrancAs Lld Fran<J$ Hou$e 2 Park Road Bamet Herts EN5 SRN
OLIVE BRANCH AID CONTENTS Page Tnjstees. Annual reFX)rt Independent Examinefs report Statement of financjal activities Statement ol financjal p0SOn Slalemenl ol ¢a$h flows Notes lo the fin¥n¢ial stslem¥nl$ 10-17
OLIVE BRANCH AID TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their report wrth the financial statements of the chanty for the period ended 31 st March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recomrnended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effectNe 1 January 2019). FORMATION The chanty was registered on 22nd April 2022. OBJECTIVES AND ACTIVITIES Providing relief lo those affected by povety through.. 11 The ¢olle¢tion and (Jislribution ollood par¢el$ and other ess&nli81 products. 21 Working together wilh olh&r ¢haiiti¢$ of Similar purpose. Publ1¢ b•n•flt The trustees are all familiar with and have regard to the Charity Commission guidan¢&'Th& E$$¥ntlal Tru$t8è'. what you need to know, what you need lo do, as well as Ihe guidance on 'Public Benefil" ACHIEVEMENT ANO PERFORMANCE Charltable actlvltles Olive Branch Aid IOBAI delivered it5 objectives primarity through the work of a dedicated group of unpaid volunteers, howver on 1$1 November 2024 OBA employed its first paid $tsff mmb¥r, a part tim¥ Foodbank Coordlnator. The Coordinator's role is prinupalty to work wlh the Trustees to manage and coordinate the activities ol the volunteers. The provision of food parcels continues lo be the CO activty for 08A. In 2024125 a total of 3,558 weekty food parcels were distributed (o households. This provided the equivalent of one day's food support to just under 70,000 people. OBA however ntInued lo refiect ils aspiral*)n lo be more than • food bank by providing a range of other services for servi¢è users. Th8$e induded wellbeing c25ework, donabon$ of household good5 and Supporting othei organisations wth similar aims. OBA continued to provide iegulai food parcels to familiès and individuals in need throughout thè year. The food parcels were tailored to reflect the size and composition of each household and sought to take into account dietary and cuttural requests where possible. Some of these parcels were delivered in person using a group of unpaid volunteer delivery drivers. The Ma1nder ol the parcels We collected by the service users themselves. Services User5 were referred from several organisalions to 08A. In addilion to individual household5. OBA also supports thre8 schools. OBA work5 closety wrthin the London boroughs of Lambeth, Wandsworth, Southwark and Croydon. OBA distnbuted parcels in the accounting period that provided a day's food support for the equivalent of MO than 70,160 people. Although the number ol people helped was onty very slighty up on the pVIouS year, the number of food parcels provided was up by 30% because the average household size that OBA helped during the year was significantly smaller than the previous yeai. In 2024125 OBA helped wilh a lot more single person and person households.
OLIVE BRANCH AID TRUSTEES, ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 OBA also provided an adhoc clothing and household goods recyding seMce for service users. Examples of donated goods forwarded onto service users free of charge included bedding, Childn'S toys, cooking utensils and other adhoc items. OBA provided a free wellbeing case WO silPPOrt servir. This ser¥icE was delivered through telephone calls and face lo face meetings. OBA provided wellbeing support to 178 household$ in the accounting peiiod. Afrnost 50rA of this support was for cornplex case5 that involved long terrn support. frequentty requiring fflany phone calls and visits tts our office with many hours working on each case lo help each seNice user. Examples of Ihe type of issues seNice users we supported with included advising on Imminent eviction notices which Sutte in successfully halting eight evictions. We also helped Servi users wrth debts issues. long temi housing di$pair daims and domestic violence support. OBA received non-financial donabons of food producls from a ¥aiiety of partner organisations and also one off donations during the accounbng period. OBA lunclions under the ae9is of the Greek Orlhodox Ar¢hdio¢ese ol Thyateira and Great Britain but provides ils various services to seNiee users of all faiths as well as-no farth. seNice users alike. In addllion lo th o¢hl8v&ments notgd above OBA a¢hievements in the last a¢¢ounlin9 also in¢luded'. Secured funding from the US lo employ h¥0 pa posth.ons and contribute to overheads of premises. As noted above. 08A appointed the Foodbank Coordinator on 01 November 2024. (The second position, Foodbank Manager, was appointed during the 2025126 reporting period) OBA appointed Peninsula lo provide HR Support 08A wa$ dèlwhl¢d lo recèiv& a vi$rt from Hi$ Excellency, Hh Commi$$ion&r ol the Republic of Cyprus, Dr Kouros and the Consul General. Mr Odysseos in ju 2024 The Chair Sonya Antoniou*amment was invrted ty Ihe Cyprus High Commissioner, Dr Kouros 10 represent OBA at to a reception at Sl James Palace hosted by their Majesties in October 2024 in recognrtion of the work done by OBA Appolnted JF Frands as an indèpendent examkner OBA hosted a three Corporate Volunleer days in 2024r25 OBA h03ted a number of schools as part ol ritrienship programmes to talk 8boul food poverty 08A was supported by a cwjorate fundraising on our plalfomi and a donatSon and food goods for Christmas 2024 OBA collaborates wilh the Famity Volunteering dub wth three events tsking place at OBA lo help them leath kids about citizenship. the value of volunteering and food povety Sv¢¢e$$lul plattorn lundr8i$8rfor a ¢ommeiiial freèzei in this finanaal year OBA continued to reNe a signfficant number of referrals from local schools Continued to manage all our finanryal donations through an online donation page (Goodhubl that is regulated by the Fundraising Regulalor.
OLIVE BRANCH AID TRUSTEES, ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE. GOVERNANCE AND MANAGEMENT Governing docum8nl The Charity is Controlled by ils constilubon. and constitutes 8 Ch8ritsble Incorporated Organi5ation ICIOI registered by the Charity Commission. STRUCTURE. GOVERNANCE AND MANAGEMENT The chanty trustees are as follows and are appointed for Ihe following tenr S H Antoniou-Pamment- appointed for 4 years lappoinled 22 Apr 20221 A R Popescu appointed for 3 years (appointed 22 Apr 20221 Father C Christodoulos- appointed for 4 years (appointed 22 Apr 20221 LA P81rn85- appointed for 3 years (appointed 22 Apr 20221 K Cott8ge- 8ppoinled for 3 years (appointed 22 Apr 20221 S Mossios - appointed for 4 years (appointed 22 Apr 20221 REFERENCE AND ADMINISTRATIVE DETAILS R•gl8ter•d Company numbor CE028843 (England and Wales) Reglotered Charlty number 1198699 R•gl8t•r•d offlc• Arch 648, Portslade Road, London SW8 30H K Cottage LA Palmas C Christodoulou S Mossios A R Popescu S H Anloniou-Pamment The Trustees, Annual report was approved by the Board of Tnjstees. S H Antoniou-Pamm6nt Trustees 8 December 2025
OLIVE BRANCH AID STATEMENT OF TRUSTEES, ANNUAL RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The Trustees are responsible lor preparing the Trustees, Annual Report and the finanaal statements in accordance with applicable law and United Kingdom Accounting Stsndaids (Uniled Kingdom Generally Accepted Accounting Praclicel. The law applicable to ¢harttie$ in England and Wdles requires the Tnjstees lo prepare financial 5t8tements for e8th financial year which give a true and fair view ol th8 State of affairs of the charty and of the incoming r8sources and application of resources ol the charrty for that year. In preparing these financial statements, the Trustees are requifed to.. select suitable accounting policies and Ihen appty Ihem consislentty., observe the methods and principles in the Charrlies SORP.. Make judgernenls and eslim8tes that are reasonable and pwdenl.. state whether applicable accounting standards havè been followèd. $ubie<l lo any materi81 departu$ di$¢l0s8d and explained in the financial statemènts", and prepare the financial stalemenls on the going con¢8m bas unless it 1$ inappropriate to presume that the ¢harfty 11 continue in operatson. The Trustees are responsible for keeping sufficient accounbng records that disdose with reasonable accuracy at any time the financial pos(¢ion of the charity and enable them to ensure that Ihe financial stalements comply wrth the Charities Act 2011, the Charity IAcGount$ 8nd Repori$l Regulation$ 2008 8n(J the piovisions of Ihe trust deed. They are 81$0 responsibl& for saleguardin9 the asst$ ol Ihtr ¢h8rity and hen¢¥ for tsking r¥a$onabl¥ $1op$ for the prevention and detection of fraud and other irregulanties.
OLIVE BRANCH AID INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF OLIVE BRANCH AID l port to the trustees on my examination of the financial statements of Olive Branch Aid (the chartyl for the year ended 31 March 2025. Re$pon$ibilitygs and basis of rgport As the Trustees ol the charity you a responsible for the preparation of the financial statements in accordance with the requirements of Ihe charl1$ Acl 2011. report in respect of rny exarnination of the charity's financial ststemenls carried out under section 145 of the Charities Act 2011. In carryin9 Out my examination I have followed the Direcb'ons gNen by the Charity Commission under sbetion 14515llbl olthè Charitiès Act 2011. Independènt •xamln•Vs statement Your attention is drawn to the fact thai the ¢harity has prepared Ihe fin8n¢ial $t8tements in 4ccor(J8nce wrth the relevant vèrsion of the Statèment of Re¢ommènded Pra¢tice applicable to ¢harities pieparing their fin8noal statements in accordance wth the Financial Reporting Standard applicable In Ihe UK and Republic ol Ireland IFRS 1021 in preference lo the Accounting and Repong by Charities.. Slalemenl ol Recommended Practice issued on 1 April 2005 which is referred to in Ihe extant regulations but has now been wthdrawn. l understand that this has been done in order lor the financial statements to prowde a true and tsir view in accordance with UK General Accepted Accounting Practice. I h8ve completed my examination. l ¢onfim that no Matte have ¢om& lo my attention in ¢onne¢tion with th& •x8minalion giving me cause to believe thal in any material respèd. accounting records were nol kept in respect of the chanty as required by section 130 of the Charrties Act 2011. the financial statements do not accord wrth those records." or the finanri81 slaternenls do not compty vthh the applicable requirements conceming the form and content of financial statemènts sèt out in th$ chan1$ IA¢¢ount$ and R&portsl Regulations 2008 othèr th8n any requirement that the financial statements gwe a true and fair view. which Is not a matter considered as part of an independent examination. I have no COnrn$ and have come across no other matters in connection with the examination to which attention should be drawn in this report in order io enable a proper understanding of the finanrAal statements to be reached. JF Fran¢ls Ltd Francis House 2 Park Road Barnet Herts EN5 5RN 8 December 2025
OLIVE BRANCH AID CHARTERED ACCOUNTANTS, REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF OLIVE BRANCH AID FOR THE YEAR ENDED 31 MARCH 2025 In order to assist you to fvlI your duties under the Charities Acl 2011. we have prepared for your approval the financial 5tstements of Olive Branch for the year ended 31 March 2025. which comprise the stslernent of financial activities, the cash Ilow staternent and the related notes froffl the tharity's accounting records and from infom8tion and explanations you have given us. As a practising member firm ol the Assoaation ol Chartered Certified Accountants, we are subject to its ethical and other professional requirements Wh are detailed al https.'Ih.acCa91obaI.cOMIgb1en/meMberlStandard$lrUIe$- and-standardslrulebook.html. This report is made to the charity's Twstees. as a bo¢ty. in accordance with the terns of our engagement letter dated 9 September 2024. Our work has been undertaken solely to prepare for your approval the finanaal statements of Olive Branch Aid and State those matters thal we have agreed to state to the charity'5 Trustees. as a body. in thi5 report in accordance with the requirement5 of the Association of Charteied Certified Accountant5 as detailed at httpS'.Ilw.accs910baI.cOmIrQntevdarnIACcA GlobavfechniovfacVthnICafSheet-1fj3.pdf. To the fullest extent permrtted by law, we do nol accept or assume responsibility to anyone other than Olive Branch Aid and the chanty's Trustees as a body, IC Ouf work of for this report. It is your duty to ensure that Olive Branch kn has kept adequate accounting records and to prepare stalulory financial ststements th8t give a true and fair view ol the assets. liabile$. financial position and surplus of Olive Branch Aid. You consider thal Olive Branch Aid 15 exempt from the statutory audrt requirement for the year. and is not ruired lo obtain an indepondoni examin¢¢$ report. We have not b•en instructed to carry out an audit or a review of the financial statements ol Olive Branch Aid. For this reason. we have not verified the accura or completeness of the accounting records or information and explanations you have given lo us and we do nol. Iherefore. exp$$ any opinion on the statutory finanaal slatemenls. JF Franc18 Ltd Chartered Accountants Francis House 2 Park Road Barnet Herts EN5 5RN 8 December 2025
OLIVE BRANCH AID STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Restrlcted lunds funds 2025 2025 Total Unrestrlcted Restrlcted fund8 funds 2024 2024 Total 202S 2024 Notès Income from: Donations and legacies 79,426 143,186 222,612 70,414 17,486 87,900 Total Ineom• 79,426 143.186 222.612 70.414 17,486 87,900 Expendlture on.. Raising fund5 Charitable activities 6.896 48,776 3,760 22.662 10,656 71.438 637 57.371 9.366 9.825 10,003 67,196 Total exp8ndltur• 55.672 28.422 82.094 58.008 19.191 77,199 Net Income and movement In fund* 23,754 116,764 140,518 12,406 11,7051 10,701 R•¢onelllatlon ol lund•: Fund balances at 1 April 2024 69.425 3,760 73.185 57.019 5.465 62.484 Fund balance8 at 31 March 2025 93,179 120,524 213,703 69,425 3,760 73,185 The Btalemenl of financial acb'vibes indudes all gains and los recognised in the year. All income and expendrture derive from Continuing a1vIlle$.
OLIVE BRANCH AID STATEMENT OF FINANCIAL POSITION AS AT31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assets 10 6.037 2,985 Currnnt assèts Debtors Cash at bank and in hand 11 13.209 199.242 26.171 47.068 212.451 73.239 Cr•dltors'. amounts lalllng du¢ vAthln one year 12 {4.78S} 13,0391 Net current assets 207,688 70,200 Total a88et8 le88 curr•nt IlabllSlle8 213.703 73,185 Thè funds of th• charfty Restricted income fiJnd$ Unrestricted funds 14 1S 120,524 93.179 3,760 69.425 213.703 73.185 The charity is entrtled to exemption from audrd under the Charities Act 2011. These financial statements have been prepared in a¢¢ordan¢e 1h the provisions applicable lo small tharilies. The flnanclal statements were approved by the Trustees on B December 2025 K Cottage Trust8•8 S H AntonHxpPamment Trust••s
OLIVE BRANCH AID STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Note$ Cash flows from opèrating aetlvitl•s Cash generated fromllabsorbed by) operations 18 156.1)02 11161 Inv•stlng aetlvltl•s Purchase of tsngilAe fixed assets {3.828} 13.3001 Net cash ujed In In¥119 activitl {3.828) 13.3001 Nèt eash g•n•rat•d from flnanelng act1vl•S Net Increa8elld•cMa8•1 In cash and eash equlvalent8 152,174 13,4161 Cash and cash equivalents at beginning of year 47.lJ68 50.484 Cash and ca•h equlvalents at •nd of year 199.242 47,068
OLIVE BRANCH AID NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Aecountlng pollel•s Charfty Snforniatlon The charity is registered chartiy in England and Wales and is a Charitable Incorporated organisation. The address ofthe pnnapal office is Arch 648, POrtade Road. London, SW8 3DH 1.1 Accounting convention The financial statements havè beèn prepared in accordance with thè charity's goveming document, the Charities Act 2011, FRS 102 "The Finanual Reporting Standard applicable In the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities.. Statement ol Recommended Practice applicable to charities preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. The charity is a Public Benefit Entrty as defined ty FRS 102. Thè financi81 st8tgmènts have departed from tt)e Charities (A¢¢t$ and Reports) Regu18tion$ 2008 only to the extent require¢J to proVe a true and lair view. This departure has involved following the Slalement of Recommended Practice lor charibes apptying FRS 102 rather Ihan the version of the Statement of Recommended Practice which is refeThed to in the Regulations but which has since been withdrawn. The financial statements are prepared in steding. which is the luncb'onal oJrTenry of the charity. Monetsry amounts in these financial statements are rounded lo the ne8re$t £. Th¥ financial stalem¥nl$ have been prepared under lh& hislori¢al cost ¢onventlon. The prin¢ip818¢¢ounling policles adopted are set out b810w. 1.2 Golng concern At thè lime ol approving th& financial $tstèmènt$. th¢ Truste¢$ have a r&a$onable ex¢tatiOn that the ¢harity has adequate sourceS to continue in opefabonal existence for the loreseeable future. Thus the Trustees continue to adopt the going concern basis of accounling in preparing the financial staternents. 1.3 Charftabl• fund$ Unrestricted funds are available for use al the discretion of the Trustees in furtherance of their charitable objectives. Restricted funds are svbject to specffic conditions by donors or grantors a5 to how they may be used. The purposes and use5 of the restricted lunds are set out in the notes to the financial staternents. 1.4 Incom• Incorne is rècognisÈd when thè charity is le981ty enlitled to it 8fter any pèrformance Conditions havè bèon mèt, thè amounts can b6 measured reliabty, and rt ts probable that incomè will recèivad. Cash donations are recognised on receipt. Olher donaD'ons are regnISed once the charty has been nots'fied of the donation, unless perforniance condth.tsns requi deferral of the amount. Income tax iecoverable in relation to donations receNed under or deeds of covenant is recognised at the time of the donation. Legacie5 8re recogniseil i)n receipt or olherwise rf the th81ity has been nolified of an impending dislribulion. the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 10-
OLIVE BRANCH AID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continuedl 1.5 Exp•ndltur• Eypenditure is recognised once Ihere is a legal or constructive obligation to Iransfer economic benefit to a third paty. r( is probable that a transfer of enOMiC benefits will be iequired in settlement, and the amount of the obligation can be rneasured reli8bty. Expenditure is dassified by athvty. The costs of each adivrty are made up of the total of direct costs and shared costs. including support costs involved in undertaking each acbvity. Direcl costs attributable to a single activity are allocated directy to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned befvleen those activitie5 on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation charges are alk)raleiJ on the portion of the assel's us&. 1.6 Tanglble Ilxed asJet• Tangible fixed assets are inrtialty measured at cost and subsequenty measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to vnile off th& ¢ost or valuation of assets less their re$ldual value$ over thelr useful lives on the following bases.. Plant and equipment Computers 25% dUCing balance method 2S% reducing balance method The gain or loss arising on the disposal of an asset is determined as the dfflerence befv4een the sale proceeds and the carrying value of the assel. and is recognised in the slatement of financial activrties. 1.7 Impalrnient of Ilxèd a•••t• Al each reporting end dale, Ihe charity reviews the rying amounts of it5 tangible assets lo determine wh8ther Ih8rÈ is any indication that thosè assets havè suffèrèd an impaimiènt loss. If any such indic8tion èxists, the recoverablè amount ol the asset is esbmated in order to dètèmine the 8Xtent ol thè impaimènt loss lif any). 1.8 Co¥h and co¥h equlvalents Cash and cash equivalents indude cash in hand. dep05ils held at call bank5. Other short-temi liquid investments with original malurities ol three monlhs or less. and bank overdrafts. Bank overdrafts are shown wrthin borrowng3 in current liats'lrties. 1.9 Financial in8trum•nts The charity has elected lo appty the pTovis*)ns of Section 11 'Basic Financial Instrurnents, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the chanty's balance sheet when the chaity becomes party to the contractual provisions of the InstrUnt. Financial assets and liabililies a offset. wilh Ihe net amounts psenIed in the financial statements, when there is 8 legalty enforce8ble right to set off the recognised amounts and there is an intention to settle on a net b8515 or to realise the asset and 5etUe the liabiltty simuManeou5ty. BasiTe financial •$séts Basic financial assets. which indude debtors and cash and bank balances. a initially measured at tl8llS8Ction price including transaction costs and are subsequenty rarried at amortised cost using the effective interest method unle55 the arrangernent con5trtutes a ffinanung transaction. where the tiansaction is measured at the present value of the luture reIpts discounted at a market rate of interest. Finanaal assets classified as r1Vable within one year are not amortised.
OLIVE BRANCH AID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continuedl Basle finanelal Ilabilltiès Basic finanrial liabilities. induding credrtors and bank loans are inrtially recognised at transaction price unless the arrangement constrtutes a financing transaction. where the debt instwment is measured at the present V81ue of the future payment5 discounted at a market rate of inlere51. Fin8nryal li8bilities classified 85 Payable wrthin one year are not amortised. Debt instruments are subsequentty carried at amortised cosl, using the effective interest rate method. Trade creditors are obligations to pay lor goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable 8re dassified as current liabilities if payment is due wlhin one year or le$5. If not. they are presented a5 non-current liabilities. Trade creditor5 are recogni$ed inth'ally 81 transactKJn price and subsequentty measure(1 at amortised cost usin9 the effectsve interest method. D•rncognitlon of financlal liabiliti•s Financial liabilities are derecogni5ed whtrn thtr Charty's ¢ontr8dual oblig81ion$ expire or a discharged or ¢8ncelled. 1.10 Employe• b•n•fit8 The cost of any unused holiday trnlrflemenl is recooni8ed in thtr period in vthi¢h the employee's se8 arts received. Termination beneffts are recognlsed immediately as an expense when the charity Is demonstrably cornmted to temiinate the employment of an employee or to provide terniinalion beneffts. 1.11 Retlrem•nt benefits Payments to defined contribulK)n retirement benefft schemes ara charged as an expense as they fall due. crttlcal accoUnn9 estlmates and judgements In the application of the ¢harity'5 accovnting poliryes. Ihe Trustees are required lo make judgement5. estimate5 and assumptions aboul the carrying amounl ol a$5eis and liabilrties that are not readity apparent from other sour¢es. Thè Èstimates and associaièd assump.0$ are basèd on hi$torieal experion¢g and other factors that are considered to bè relevant. Actual resums may differ from these estimates. The estimates and undertying assumptions a reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the eslimale is revised where Ihe revision affects only that period. or in the period ol the revision and ftjture peiiod5 where the revision affects bolh current and future peri¢xls. There are no signthcantjudgements or ests"mates inVoed in the preparation ofthe finandal statements. Income from donallons and l•gacles Unrestrfcted Restrlcted funds nds 2025 2025 Total Unrestrlcted Restrlcted funt1s funds 2024 2024 Total 2025 2024 Donations and gffts Donated seNices and 29.904 143.186 173.090 19.318 17.486 36.804 49,522 49.522 51,096 51,096 79,426 143,186 222.612 70,414 17,486 87,900 12_
OLIVE BRANCH AID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donalions and legacies (Continuedl Expenditure on raising funds Unr•strietèd R•strlet•d funds funds 2025 2025 Totsl Unr•strlet•d Rèstrlctèd funds funds 2024 2024 Total 2025 2024 Fundralslng and publlclty Other lundraising costs 6,8 3,760 10,656 637 9,366 10,003 Expendlture on charltsbl• actlvltie• Ch¥rltsbltr Charlt•bl& Expendltur¥ Expendltur8 2025 2024 Dlrect costs Staff costs Depreciation and irnpainnenl Rent A¢countancy F¥&s Bank charges Legal Expenses Printing 8 Stationery Service Charges IT Software, Telephone & Inttsmet Rates Advèrti$ing Light and Heat Insurance Reapairs and Maintenance Sundry Subscripts'ons 8,160 776 48,C8)0 3,840 412 2,218 21 1,741 2,386 205 123 1,338 315 47,999 3,780 12 52 186 453 9,866 421 100 1,118 716 1.520 564 491 570 470 71,438 67,196 Analysi8 by fund Unrestricted fund5 Restricted funds 48.776 22,662 57.371 9,825 71,438 67,196 13-
OLIVE BRANCH AID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Govamane• eosts 2025 2024 Accountanry and legal fees 1.800 1.200 Analy¥ed betw.. Employee¥ The av&ra9è monthty number ol &mploye¢s during the yearwas.. 2025 Numbèr 2024 Number Employm•nt co•t8 2025 2024 Wagtss and salari&$ Other pension costs 7,998 162 8,180 There were no employees whose annual remunerntion was more than £60,0. Truste Tru¥t¢trs' r¢mun•r•Von ond b¥n¢llts None ol the Trustees lor any persons connected wrth Iheml received any remuneration or benefrts from the charity during the year. Trustee's expenses Expenses 01 £1,341 12024 - £7.1141 were paKI to Irustees for the expendrture on goods and service3 for the dèlNery of the etharitablè activrtiè$ of Ihè chawity- Taxatlon The chanty is exempt from taxation on ils activities because all its income is aPpld for charitable purposes. 14_
OLIVE BRANCH AID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Tanglblè (lx ass•ts Pl•nt and oqulpment Computg Totsl Ct At 1 April 2024 Additions 2.880 3,828 420 3.300 3,828 At 31 March 2025 6.708 420 7,128 OepreclatSon and Impalrnient At 1 April 2024 Depreciabon charged in the year 231 692 315 776 Al 31 M8rch 2025 923 168 1,091 Corrylng amount At 31 March 2025 5.785 252 8,037 At 31 March 2024 2.649 336 2.985 11 O•btorn 2025 2024 Amounts lalllng due wlthln on• year: other debtors Prepayments and accrued income 482 12,747 28,171 13.209 28,171 12 Cr•dltor8'. amounts lalllng due wlthln on• year 2025 2024 Other tsxation and social security Trade creditors Accruals and delerred income 555 444 3.786 3,039 4,785 3,039 13 Retirement benefit schemes 2025 2024 Defined contribution ¥¢heme¥ Charge to profit or loss in respect of defined contribvts.on schemes 162 The charity operates a deffined contribution pension scheme fvr all qualtfying employee5. The assets of th8 scheme are held separatety from those of the charrty in an independently administered fund. 15-
OLIVE BRANCH AID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 R•strfet•d funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust Subject to specjfic condition5 by donors as to how they may be used. At 1 Aprll 2024 Incomlng f•soureès Resources At 31 March •xpènd•d 2025 3.760 143.186 126.4221 120,524 Previous year: At 1 April 2023 Incomlng re$our¢e8 Resources At 31 March xpended 2024 5.465 17.486 119.1911 3,760 15 Unrejtrlcted fund¥ The unrestricted n$ ol the charity comprise the ufiÈxnded b8laneè$ of don8tions and grants whl¢h are not subject lo specific conditions by donors and 9rantofs as to how they may be used. These Include designated funds which have been set a*de out ol unrestricted lunds by Ihe trustees for specific purposes. At 1 Aprll 2024 Incomlng resource• Re8ource8 At 31 March expended 2025 General funds 69.425 79,426 155,6721 93,179 Prevlous year: At 1 Aprll 2023 Incomlng resources Re•ource8 Al 31 March expended 2024 General funds 57.019 70.414 158.0081 69,425 16 Analysls of net assets between funds Unr•strlet•d fund8 2025 R•strfct•d funds 2025 Total 2025 At 31 March 2025: Tangible assets Current assetsllliabilities 6.037 87.142 6,037 207.666 120.524 93.179 120.524 213.703 16-
OLIVE BRANCH AID NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Analysis of net assets between funds (Continuedl Unr•strlet•d fund8 2024 Rèstrtctèd funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsllliabilities 2.985 2,985 70,200 3,760 69.425 3.760 73,185 17 R•loi¢d porty trons•¢iion• There were no disdosable related party transactions during the year. 18 Ca8h g•neratsd fromllab8Ort>ed by) operatlons 202S 2024 Surplus lor the year 140.518 10,701 Adlustmenls for.. Depreciation and impalm6nt of tangible fixed assets 776 31S Movements In worklng capltal: De¢re8$ellincrea$el in debtors Increase in cdorS 12,962 1.746 114,1711 3,039 Cash generated fromllabsort)ed by) operatlons 158.002 19 Analysls of changes In net funds The charty had no material debt durin9 the year. 17_