-? DATE PALM FOUNDATION DATE PALM FOUNDATION ANNUAL REPORT 2023 Charity Number 1199096
DATE PALM FOUNDATION
CONTENTS
YEAR ENDED 31[ST] MARCH 2023
| CONTENTS | PAGE |
|---|---|
| Legal and Administrative Information | 2 2 |
| Trustees Annual Report |
3 to 7 3 to 6 |
| Statement of Financial Activities |
9 7 |
| Balance Sheet | 10 8 |
| Notes to the Accounts | 11 to 16 9 to 14 |
DATE PALM FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
YEAR ENDED 31[ST] MARCH 2023
Status
Date Palm Foundation became a registered charity (charitable incorporated organisation CIO) on 26[th] May 2022 and is governed by its Memorandum and Articles of Association. Charity number 1199096.
Trustees
The directors of the charitable company (“the charity”) are its trustees for the purposes of the charity law and throughout this report are collectively referred to as the trustees.
The Trustees who served during and after the year were as follows:
Abdul Mujib Choudhury (appointed on 1[st] November 2023) Iswan Hussain (appointed on 1[st] June 2023) Dr Akram Al-Rabahi (appointed on 1[st] July 2022) Dr Syed Imran Akhtar Rizvi (appointed on 1[st] June 2022)
Registered Office
43 Chatsworth Road Fishponds Bristol BS16 3QP
Bankers Barclays Bank PLC Leicester LE87 2BB
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DATE PALM FOUNDATION
TRUSTEES ANNUAL REPORT
YEAR ENDED 31[ST] MARCH 2023
The Trustees present their report and the unaudited financial statements of the charity for the year ended 31[st] March 2023.
Reference and administrative information set out on page 2 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice – Accounting and Reporting by Charities.
Structure, Governance and Management
The Trustees
The Board of Trustees, who are Trustees or the purpose of charity law, who served during the year and up to the date of this report are set out on page 2.
The Board of Trustees shall meet as many times as the Board of Trustees decides necessary for the running of the societies business. The Board of Trustees shall elect from amongst themselves a chairperson and who together with any other persons appointed to hold an office of the charity is herein referred to as Officers.
Risk Review
There is no formal reserves policy, but we hold unrestricted reserves for further development and running costs of between three and six months, in case of a significant drop in funding.
Objectives and activities
Objects of the Charity
The objects of the charity (CIO) are:
(1)
To advance the religion of Islam by means of, but not exclusively, the provision of facilities of worship and Islamic education in accordance with the teachings of the
Quran and the Sunnah of the Prophet Muhammad (Peace be upon him) as interpreted by Ahle Sunnah Wal Jamaah School of Thought.
(2)
To advance education for the benefit of the general public by means of, but not exclusively, the provision or the assistance in the provision of educational activities and facilities, such as a supplementary school.
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DATE PALM FOUNDATION
TRUSTEES ANNUAL REPORT
YEAR ENDED 31[ST] MARCH 2023
(3)
To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.
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DATE PALM FOUNDATION
TRUSTEES ANNUAL REPORT
YEAR ENDED 31[ST] MARCH 2023
Review of activities
Review of activities
During 2023, the Date Palm Foundation carried a few activities:
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Organising of communal community prayers known as taraweeh during the month of Ramadan. This was open to all and catered to families in mind.
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Organising of Eid celebration events for the local community – events such as Chand Raat, etc.
The Trustees have complied with their duty under Section 4 of the Charities Act 2006 to have due regards to public benefit guidance published by the Charity Commission.
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DATE PALM FOUNDATION
TRUSTEES ANNUAL REPORT
YEAR ENDED 31[ST] MARCH 2023
Responsibilities of the Trustees
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:
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Select suitable accounting policies
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Make judgement and estimates that are reasonable and prudent.
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State whether applicable standards and statements of recommended practice have been followed, subject to and departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law, regulations and trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice “Accounting and Reporting be Charities” (revised 2005).
Registered Office Signed by order of the trustees 43 Chatsworth Road Type your text Fishponds ................................................ Bristol Iswan Hussain Text
Signed by order of the trustees Type your text
B16 3QP
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Iswan Hussain
16th February 2024
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DATE PALM FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account)
YEAR ENDED 31ST MARCH 2023
| Note Incoming resources Incoming resources from generated funds Voluntary income 2 Activities for generating funds 0 Investment income Incoming resources from charitable activities 0 3 Other incoming resources Total incoming resources 0 Resources expended Costs of generating funds Charitable activities 0 4, 6 Governance costs 0 5 Total resources expended 0 Net incoming/(outgoing) resources 0 - net income/(expenditure) for the year Gross transfers between funds 11 Previous Year adjustment 11 Net movement in funds Total funds at 1st April 2020 0 Total funds at 31 March 2021 11 |
Unrestricted Restricted Total Funds Total Funds Funds Funds 2022-2023 2021-2022 £ £ £ £ - - 0 - - - - - - - - - - - - - - - - - - |
|---|---|
| 0 0 0 - |
|
| - - - - - - - - - - - - |
|
| - - - - |
|
| - - - - - - - - - - - - |
|
| - - - - - - - - |
|
| - - - - |
All of the activities of the charity are classed as continuing
The notes on pages 9 to 14 form part of these financial statementsThe notes on pages 11 to 16 form part of these financial statements
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DATE PALM FOUNDATION
BALANCE SHEET
YEAR ENDED 31ST MARCH 2023
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2022-2023 2021-2022
Note £ £
Fixed assets 8 - -
Current assets
Prepayemenst and Deposits 9 - -
Cash at bank and in hand - -
- -
Creditors : Amounts falling
due within one year 10 - -
Net current assets - -
Net assets - -
Funds
Restricted funds 11 - -
Unrestricted funds 11 - -
- - -
These financial statements were approved by the trusteees 16th February 2024 and are signed on their behalf by:
Iswan Hussain
Trustee
The notes on pages 11 to 16 form part of these financial statementsThe notes on pages 9 to 14 form part of these financial statements
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DATE PALM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH 2023
1 Accounting policies
a)
The financial statements have been prepared under the historical cost convention, and in accordance with the Companies Act 2008, applic
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b) Income from donations/grants is included incoming resources when these are receivable, except as follows:
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i) When donors specify that donations given to the charity must be used in future accounting periods, the income is def
ii) When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, th
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c) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
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d) Most expenditure is directly attributable to specific activities, and have been included in those cost categories. Support cost have been allocated 100% towards the charitable activities of the charity.
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e) Rentals applicable to operating lease agreements where substantially all of the benefits and risks of ownership remain with the lessor are
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f) Unrestricted funds can be used in accordance with the charitable objects at the discretion of the trustees.
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g) Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
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h) There are no fixed assets so no depreciation charged.
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DATE PALM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH 2023
2 Voluntary Income
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Unrestricted Restricted Total Funds Total Funds
Funds Funds 2022-2023 2021-2022
£ £ £ £
Donations - - - -
Fees - - - -
Projects - - - -
Misc - - - -
- - - -
Incoming resources from charitable activities
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2022-2023 2021-2022
£ £ £ £
Trips - - - -
Projects - - - -
Grants:
- - - -
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3 Incoming resources from charitable activities
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DATE PALM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH 2023
| 4 | Charitable activities | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||
| Funds | Funds | 2022-2023 | 2021-2022 | ||||||
| £ | £ | £ | £ | ||||||
| Staff costs | - | - | - | - | |||||
| Grants/Projects | - | - | - | - | |||||
| Activities | - | - | - | - | |||||
| Staff/Volunteer Expenses | - | - | - | - | |||||
| Support costs | |||||||||
| Rent | - | - | - | - | |||||
| Utilities | - | - | - | - | |||||
| Consultants | - | - | - | - | |||||
| Telephone & Internet | - | - | - | - | |||||
| Office Costs | - | - | - | - | |||||
| Fees | - | - | - | - | |||||
| Refreshments | - | - | - | - | |||||
| Misc | - | - | - | - | |||||
| Bank Charges | - | - | - | - | |||||
| Bad Debts | - | - | - | - | |||||
| - | - | - | - | ||||||
| 5 | Governance costs | ||||||||
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||
| Funds | Funds | 2022-2023 | 2021-2022 | ||||||
| £ | £ | £ | £ | ||||||
| Independent examination fees | - | - | - | - | |||||
| Depreciation | - | - | - | - | |||||
| Insurance | - | - | - | - | |||||
| - | - | - | - |
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DATE PALM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH 2023
- 6 Staff costs and numbers
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The aggregate payroll costs were:
2022-2023 2021-2022
£ £
- -
Wages and salaries
- -
No employee received emoluments of more than £10,000.
The average weekly number of employees during the year, calculated on the basis of full time equivalents,
was as follows:
2022-2023 2021-2022
No. No.
- -
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In the year to 31st March 2023 the charity was run by volunteers
- 7 Taxation
The charity is exempt from corporation tax on its charitable activities.
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DATE PALM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH 2023
8 Tangible fixed assets
| Cost At 1 April 2020 Additions At 31 March 2021 Depreciation At 1 April 2020 Charge for the period At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 9 Debtors Deposits Trade debtors Prepayments 10 Creditors: amounts falling due within one year Accruals / Deposits Held Deferred Grants Trade Creditors |
Computer & Equipment £ - - |
Fixtures & Total Fittings £ £ - - - - - - - - - - - - - - - - 2022-2023 2021-2022 £ £ - 270 - - - - 270 2022-2023 2021-2022 £ £ - - - - - - - - |
|---|---|---|
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| - | ||
| - | 15 - 13 |
DATE PALM FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH 2023
11 Movement in funds
| Restricted funds Unrestricted funds General funds Total funds |
At 01-Apr Incoming Outgoing Transfers resources resources Prv year adj £ £ £ £ - |
At 31-Mar £ |
|---|---|---|
| - - - - |
- | |
| - - - - - - - - |
- | |
| - | ||
| - - - - |
- |
Project funding continues for the year 2022/2023. The Charity is continuing as a going concern whilst being run by volunteers
12 Analysis of net assets between funds
| Restricted funds Unrestricted funds General funds |
Tangible Other Total Fixed assets Net assets £ £ £ - - - |
|---|---|
| - - - |
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