REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements for the Year Ended 31 August 2021 |
|
for |
|
PALESTINE SOLIDARITY CAMPAIGN LTD |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements for the Year Ended 31 August 2021 |
|
for |
|
PALESTINE SOLIDARITY CAMPAIGN LTD |
PALESTINE SOLIDARITY CAMPAIGN LTD (REGISTERED NUMBER: 05213508) |
|
Contents of the Financial Statements |
for the Year Ended 31 August 2021 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Chartered Accountants' Report | 2 |
|
Balance Sheet | 3 |
|
Notes to the Financial Statements | 5 |
|
PALESTINE SOLIDARITY CAMPAIGN LTD |
|
Company Information |
for the Year Ended 31 August 2021 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Palestine Solidarity Campaign Ltd |
|
|
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Palestine Solidarity Campaign Ltd for the year ended 31 August 2021 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
|
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
|
This report is made solely to the Board of Directors of Palestine Solidarity Campaign Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Palestine Solidarity Campaign Ltd and state those matters that we have agreed to state to the Board of Directors of Palestine Solidarity Campaign Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Palestine Solidarity Campaign Ltd and its Board of Directors, as a body, for our work or for this report. |
|
It is your duty to ensure that Palestine Solidarity Campaign Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Palestine Solidarity Campaign Ltd. You consider that Palestine Solidarity Campaign Ltd is exempt from the statutory audit requirement for the year. |
|
We have not been instructed to carry out an audit or a review of the financial statements of Palestine Solidarity Campaign Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
|
|
|
|
|
|
|
Chartered Accountants |
65 Leadenhall Street |
London |
EC3A 2AD |
|
|
Date: ............................................. |
PALESTINE SOLIDARITY CAMPAIGN LTD (REGISTERED NUMBER: 05213508) |
|
Balance Sheet |
31 August 2021 |
|
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
RESERVES |
Income and expenditure account | 7 |
|
|
|
|
|
|
|
|
|
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
PALESTINE SOLIDARITY CAMPAIGN LTD (REGISTERED NUMBER: 05213508) |
|
Balance Sheet - continued |
31 August 2021 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
|
|
|
PALESTINE SOLIDARITY CAMPAIGN LTD (REGISTERED NUMBER: 05213508) |
|
Notes to the Financial Statements |
for the Year Ended 31 August 2021 |
|
|
1. | STATUTORY INFORMATION |
|
Palestine Solidarity Campaign Ltd is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Income |
Income is measured at the fair value of membership subscriptions, donations, event income and sales of merchandise to members. |
|
Tangible fixed assets |
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: |
|
Office equipment and software 33% straight line |
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
|
Operating leases |
Rentals under operating leases are charged to the Income and expenditure account on a straight line basis over the lease term. |
|
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
PALESTINE SOLIDARITY CAMPAIGN LTD (REGISTERED NUMBER: 05213508) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2021 |
|
|
4. | TANGIBLE FIXED ASSETS |
Office |
equipment |
and |
software |
£ |
COST |
At 1 September 2020 |
and 31 August 2021 |
|
DEPRECIATION |
At 1 September 2020 |
|
Charge for year |
|
At 31 August 2021 |
|
NET BOOK VALUE |
At 31 August 2021 |
|
At 31 August 2020 |
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
PALESTINE SOLIDARITY CAMPAIGN LTD (REGISTERED NUMBER: 05213508) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2021 |
|
|
7. | RESERVES |
Income |
and |
expenditure |
account |
£ |
|
At 1 September 2020 |
|
Surplus for the year |
|
At 31 August 2021 |
|