CHARITY REGISTRATION NUMBER: SC054564
Palestine Centre Glasgow Limited Known as Palcafe Unaudited Financial Statements 31 March 2026
NELSON GILMOUR SMITH
Chartered accountants Mercantile Chambers 53 Bothwell Street Glasgow G2 6TB
Palestine Centre Glasgow Limited
Known as Palcafe
Financial Statements
Period from 24 March 2025 to 31 March 2026
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Notes to the financial statements | 7 |
Palestine Centre Glasgow Limited
Known as Palcafe
Trustees' Annual Report
Period from 24 March 2025 to 31 March 2026
The trustees present their report and the unaudited financial statements of the charity for the period ended 31 March 2026.
Reference and administrative details
Registered charity name Palestine Centre Glasgow Limited Charity registration number SC054564 Principal office Flat 3 22 Dowanside Road Glasgow G12 9DA
The trustees
Donald Reid (Appointed 24 March 2025) Joyce Taylor (Appointed 10 September 2025) Wael Jamil Shawish (Appointed 15 October 2025) Robert Swinfen (Appointed 10 September 2025) Cassandra McGrogan (Appointed 17 December 2025) Roisin McNamara (Appointed 10 September 2025)
Independent examiner Andrew B Wilson BA CA Partner
Structure, governance and management
Constitution
The Charity is a Community Benefit Society registered with the Financial Services Authority on 24th March 2025 (registered number 9508)
Appointment of Trustees
The founding Directors were appointed as part of the establishment of the organisation, and the other Directors to date have been appointed by the existing Directors. Once the Society has a wider membership, Directors will be elected by the Membership at each subsequent AGM. To date the only Members of the Society are the Directors, who are also the Trustees for charity law purposes
1
Palestine Centre Glasgow Limited
Known as Palcafe
Trustees' Annual Report (continued)
Period from 24 March 2025 to 31 March 2026
Objectives and activities
Charitable Purposes
The organisation is established for charitable purposes only, and in particular, for the public benefit:
(a) The prevention or relief of poverty in Palestine by providing direct support for people and communities through trade and the selling of goods and produce from Palestinian makers, as well as grants, items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty.
(b)To advance education and information about Palestinian history, culture and issues.
Activities
The Directors concentrated on developing the business plan for a permanent cafe, and building a network of supporters for this project; they also commenced a property search for suitable premises in Glasgow for this venture. In the meantime Palcafe promoted and ran a serious of fundraising events under the title of Palceildih. We held film screenings and hosted an afternoon discussion with the Rishmawi brothers (who lead walking and cultureal tours of Palestine). We ran a pop up market for four days which sold over £20,000 of fair trade goods. The net proceeds of these events were dedicated to organisations providing humanitarian relief to Palestinians and promoting peace.
Achievements and performance
Donations totalling £1,702 were given to the Amos Trust for the humanitarian work of their partner Hebron International Resource Work. Further donations totalling £994 were given to Glasgow Bethlehem Twinning Association.
Financial review
Total income during the year was £26,451. Of this £9,117 was the proceeds from events, £2,809 was from trading activities, £11,362 were general donations, and £3,150 was a grant from the Development Trusts Association.
Reserves Policy
As the organisation is not yet fully operational, no reserves policy has been set.
Plans for future periods
We have entered into negotiations for the use of a suitable property as a cafe and event space. We hope that this venue will be open as a cafe before the end of the next financial year. In order to fund this venture, a Share Offer will be launched in the autumn of 2026.
2
Palestine Centre Glasgow Limited
Known as Palcafe
Trustees' Annual Report (continued)
Period from 24 March 2025 to 31 March 2026
The trustees' annual report was approved on 26 August 2026 and signed on behalf of the board of trustees by:
Joyce Taylor
Joyce Taylor (Aug 26, 2026 14:18:45 GMT+2)
Joyce Taylor Trustee
3
Palestine Centre Glasgow Limited
Known as Palcafe
Independent Examiner's Report to the Trustees of Palestine Centre Glasgow Limited
Period from 24 March 2025 to 31 March 2026
I report to the trustees on my examination of the financial statements of Palestine Centre Glasgow Limited ('the charity') for the period ended 31 March 2026.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 (the ‘2005 Act’) and the Charities Accounts (Scotland) Regulations 2006 (as amended). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination.
I report in respect of my examination of the charity's financial statements as carried out under section 44(1)(c) of the 2005 Act. In carrying out my examination I have followed the requirements of Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended).
Independent examiner's statement
Since the charity has prepared its accounts on an accruals basis your examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as amended). I can confirm that I am qualified to undertake the examination because I am a registered member of ICAS which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe that in any material respect:
-
accounting records were not kept as required by section 44(1)(a) of the 2005 Act and Regulation 4 of the Charities Accounts (Scotland) Regulations 2006 (as amended); or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended).
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 accounts to be reached.
Andrew B Wilson BA CA Partner Independent Examiner
Nelson Gilmour Smith Chartered Accountants & Registered Auditors Mercantile Chambers 53 Bothwell Street Glasgow G2 6TB
4
Palestine Centre Glasgow Limited
Known as Palcafe
Statement of Financial Activities
Period from 24 March 2025 to 31 March 2026
| Period from | 24 Mar 25 to | 31 Mar 26 | ||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| funds | funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 11,362 | 3,150 | 14,512 |
| Other trading activities | 5 | 5,898 | 6,028 | 11,926 |
| Investment income | 6 | 13 | – | 13 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total income | 17,273 | 9,178 | 26,451 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 7,8 | 7,613 | 6,028 | 13,641 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total expenditure | 7,613 | 6,028 | 13,641 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Net income and net movement in funds | 9,660 | 3,150 | 12,810 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | – | – | – | |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | ||
| Total funds carried forward | 9,660 | 3,150 | 12,810 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 7 to 11 form part of these financial statements.
5
Palestine Centre Glasgow Limited
Known as Palcafe
Statement of Financial Position
31 March 2026
| 31 Mar 26 | ||
|---|---|---|
| Note | £ | |
| Current assets | ||
| Debtors | 13 | 565 |
| Cash at bank and in hand | 15,775 | |
| ৄৄৄৄৄৄৄৄ | ||
| 16,340 | ||
| Creditors: amounts falling due within one year | 14 | 3,530 |
| ৄৄৄৄৄৄৄৄ | ||
| Net current assets | 12,810 | |
| ৄৄৄৄৄৄৄৄ | ||
| Total assets less current liabilities | 12,810 | |
| ৄৄৄৄৄৄৄৄ | ||
| Net assets | 12,810 | |
| ৶৶৶৶৶৶৶৶ | ||
| Funds of the charity | ||
| Restricted funds | 3,150 | |
| Unrestricted funds | 9,660 | |
| ৄৄৄৄৄৄৄৄ | ||
| Total charity funds | 15 | 12,810 |
| ৶৶৶৶৶৶৶৶ |
These financial statements were approved by the board of trustees and authorised for issue on 26 Aug 26, and are signed on behalf of the board by:
Joyce Taylor Joyce Taylor (Aug 26, 2026 14:18:45 GMT+2)
Joyce Taylor Trustee
The notes on pages 7 to 11 form part of these financial statements.
6
Palestine Centre Glasgow Limited
Known as Palcafe
Notes to the Financial Statements Period from 24 March 2025 to 31 March 2026
1. General information
The charity is a public benefit entity and a registered charity in Scotland and is unincorporated. The address of the principal office is Flat 3, 22 Downside Road, Glasgow, G12 9DA.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities and Trustee Investment (Scotland) Act 2005 and the Charity Accounts (Scotland) Regulations 2006 (as amended).
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
7
Palestine Centre Glasgow Limited
Known as Palcafe
Notes to the Financial Statements (continued)
Period from 24 March 2025 to 31 March 2026
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
8
Palestine Centre Glasgow Limited
Known as Palcafe
Notes to the Financial Statements (continued)
Period from 24 March 2025 to 31 March 2026
3. Accounting policies (continued)
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2026 | |
| £ | £ | £ | |
| Donations | |||
| Donations | 11,362 | – | 11,362 |
| Grants | |||
| Grants receivable | – | 3,150 | 3,150 |
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 11,362 | 3,150 | 14,512 | |
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Other trading activities | |||
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2026 | |
| £ | £ | £ | |
| Fundraising events | 3,089 | 6,028 | 9,117 |
| Other income from other trading activities | 2,809 | – | 2,809 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 5,898 | 6,028 | 11,926 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
5. Other trading activities
6. Investment income
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2026 | |
| £ | £ | |
| Bank interest receivable | 13 | 13 |
| ৶৶৶৶ | ৶৶৶৶ |
9
Palestine Centre Glasgow Limited
Known as Palcafe
Notes to the Financial Statements (continued)
Period from 24 March 2025 to 31 March 2026
7. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2026 | |
| £ | £ | £ | |
| Tackling poverty, promoting education, and | |||
| supporting ethical trade in Palestine | 2,541 | 6,028 | 8,569 |
| Support costs | 5,072 | – | 5,072 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 7,613 | 6,028 | 13,641 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Expenditure on charitable activities by activity type | |||
| Activities | |||
| undertaken | Total funds | ||
| directly | Support costs | 2026 | |
| £ | £ | £ | |
| Tackling poverty, promoting education, and | |||
| supporting ethical trade in Palestine | 8,569 | 3,992 | 12,561 |
| Governance costs | – | 1,080 | 1,080 |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |
| 8,569 | 5,072 | 13,641 | |
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ | |
| Analysis of support costs | |||
| Analysis of | |||
| support costs | Total 2026 | ||
| £ | £ | ||
| General office | 661 | 661 | |
| Governance costs | 1,080 | 1,080 | |
| Other support costs | 3,331 | 3,331 | |
| ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| 5,072 | 5,072 | ||
| ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ |
8. Expenditure on charitable activities by activity type
9. Analysis of support costs
10. Independent examination fees
| Period from | |
|---|---|
| 24 Mar 25 to | |
| 31 Mar 26 | |
| £ | |
| Fees payable to the independent examiner for: | |
| Independent examination of the financial statements | 1,080 ৶৶৶৶৶৶৶ |
11. Staff costs
The average head count of employees during the period was Nil.
No employee received employee benefits of more than £60,000 during the year (2025: Nil).
10
Palestine Centre Glasgow Limited
Known as Palcafe
Notes to the Financial Statements (continued)
Period from 24 March 2025 to 31 March 2026
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
13. Debtors
| 31 Mar 26 | ||
|---|---|---|
| £ | ||
| Prepayments and accrued income | 565 | |
| ৶৶৶৶ | ||
| 14. | Creditors: amounts falling due within one year | |
| 31 Mar 26 | ||
| £ | ||
| Accruals and deferred income | 3,530 | |
| ৶৶৶৶৶৶৶ |
15. Analysis of charitable funds Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | At | ||||
| 24 | March 202 | 31 March 202 | |||
| 5 | Income | Expenditure | 6 | ||
| £ | £ | £ | £ | ||
| General funds | – | 17,273 | (7,613) | 9,660 | |
| ৶৶৶৶ | ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| Restricted funds | |||||
| At | At | ||||
| 24 | March 202 | 31 March 202 | |||
| 5 | Income | Expenditure | 6 | ||
| £ | £ | £ | £ | ||
| Glasgow Bethlehem Twinning | |||||
| Association | – | 4,280 | (4,280) | – | |
| Hebron International Relief Network | – | 1,748 | (1,748) | – | |
| Development Trusts Association | |||||
| Scotland | – | 3,150 | – | 3,150 | |
| ৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ||
| – | 9,178 | (6,028) | 3,150 | ||
| ৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ||
| 16. | Analysis of net assets between funds | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2026 | |||
| £ | £ | £ | |||
| Current assets | 12,638 | 3,702 | 16,340 | ||
| Creditors less than 1 year | (2,124) | (1,406) | (3,530) | ||
| ৄৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄ | ৄৄৄৄৄৄৄৄ | |||
| Net assets | 10,514 | 2,296 | 12,810 | ||
| ৶৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶ | ৶৶৶৶৶৶৶৶ |
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PalCafe Accounts 2026 Final v26-8-26
Final Audit Report
2026-08-26
Created: 2026-08-26 By: Andrew Wilson (andrewbwilson@ngs-ca.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAaGDNpnMyIeXRB26B2MuKlSUlCRYpiRuH
"PalCafe Accounts 2026 Final v26-8-26" History
Document created by Andrew Wilson (andrewbwilson@ngs-ca.co.uk)
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Signer joyce.taylor650@gmail.com entered name at signing as Joyce Taylor 2026-08-26 - 12:18:43 PM GMT
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