| Legal and administrative | information |
|---|---|
| Trustees' report | |
| Independent examiner's |
report |
| Statement ofFinancial activities | |
| Balance Sheet | |
| Nates to the linancial statements |
| Legal and administrative | Legal and administrative | information | |||
|---|---|---|---|---|---|
| Charity registration | number | 1133023 | |||
| Company registration | number | 08004087 | |||
| Charity address | 1Bretton Street, Savile | Town | |||
| Dewsb ury | |||||
| WP129BB | |||||
| Trustees | AA Petal | ||||
| H Khatib | |||||
| I Dalai | |||||
| Y Petal | |||||
| N petal | |||||
| Accountants | AHM | ||||
| Chartered | Accountants | &Business Advisors | |||
| The Beeches | |||||
| 20 Ring Road Shadwea | |||||
| Leeds, LS17BNl | |||||
| Bankers | Santander | ||||
| Boo tie | |||||
| Merseyside | |||||
| L304GB |
| Statement | oftrustees' responsibilities | oftrustees' responsibilities | |||||||
|---|---|---|---|---|---|---|---|---|---|
| The trustees | are responsible for preparing the Trustees' Annual report and Financial statements |
in accordance | with applicable | law and United Kingdom | |||||
| Accounting | Standards (United Kingdom |
Generally Accepted Accounting Practice). | |||||||
| Iaws applicable to charities in England |
and Wales requires the trustees to prepare Finandal statements |
for each calendar | year | which give | a true and fair | ||||
| view ofcharity and ofincoming resources and application ofresources ofthe charity forthat year. In preparing |
these financial | statements | the trustees | ||||||
| are reouired | to: | ||||||||
| select suitable accounting | policies and apply them consistently | ||||||||
| observe the methods and | principles in the Charities SORP |
||||||||
| makes judgements and estimates that are reasonable and prudent |
|||||||||
| state whether applicable |
UK Accounting Standards have been followed, subject to |
any material departures | disclosed and | ||||||
| explained In the flnancial |
statements and |
||||||||
| prepare the flnanclal statements on the going concern basis unless itisinappropriate |
to | presume that the | charity will | ||||||
| continue in operation. |
| I report to the charity trustees on my examination ofthe accounts ofParadise School Trust for the year ended 31August 2020set out on pages 6to 10. |
|---|
| Responsibilities and basis ofreport |
| As the charity's trustees ofthe Company you are responsible forthe preparation ofthe accounts in accordance with the requirements ofthe Companies Act 2006 ("the 2006Act"). |
| Having satisfied myself that the accounts ofthe Company are not required to be audited for this year under Part 16ofthe 2006Act and are eligible for |
| independent examination, I report in respect ofmy examination ofyour charity's accounts as carried out under section 145ofthe Charities Act2011 |
| ( the 2011Act J. In carrying out my examination I have followed the Directions given by the Charity Commission (under section 145(5)(b)ofthe 2011 |
| Act. |
| Independent examiner's statement |
| The company's gross income exceeded 5250000and I am qualified to undertake the examination by being a qualified member ofInstitute ofChartered |
| Accountants in England and Wales which is one ofthe listed bodies. |
| I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that: |
| ~accounting records were not kept in accordance with section 386ofthe Companies Act 2006;or |
| ~ the accounts do not accord with such records, or |
| ~the accounts do not comply with relevant accounting requirements under section 396ofthe Companies Act 2006other than any requirement that the |
| accounts give a 'true and fair' view which is nota matter considered as part ofan Independent examination; or |
| ~ the accounts have not been prepared in accordance with the Charities SORp (PRS102). |
| I have no concerns and have come across no other matters in connection with the exammation to which attention should be drawn in this report In order |
| to enable a proper understanding ofthe accounts to be reached. |
| Statement ofFinancial | Activities for the | ear ended 31Au | st2020 | |||
|---|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | 2020 | 2019 | ||
| Fttnds | Funds | Total | Total | |||
| Income | ||||||
| Voluntary Income: Donations |
767 | 767 | 3,725 | |||
| Activities forgeneratingfunds | 420,495 | 420,495 | 480,140 | |||
| Total Income | 421,262 | 421,262 | 483,065 | |||
| Expenditure | ||||||
| Cost ofactivities in furtherance | ofthe | |||||
| charity's objects | ||||||
| Expenditure on Charitable |
activities | 364,352 | 364,352 | 462,981 | ||
| Total Expenditure | 364,352 | 364,352 | 462,981 | |||
| Net Income (orthe year |
56,910 | 56,910 | 20,884 | |||
| Other recognised gains |
13 | 39,148 | ||||
| Net movement in funds |
56,910 | 56,910 | 60,032 | |||
| Total funds brought forward |
120,030 | 120,030 | 59,998 | |||
| Total funds carried forward | 176,940 | 176,940 | 120,030 |
| Balance Sheet asat | 31Au | st2020 | |||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Notes | 5 | ||||||
| Fixed assets | 18,100 | 17,339 | |||||
| CurrentAssets | |||||||
| Debtors | 160,464 | 119,851 | |||||
| Cash atbank | and in hand | 59,544 | 10,938 | ||||
| 220,008 | 130,789 | ||||||
| Creditors: Amount falling due | within | one year: | 10 | 57,168 | 24,098 | ||
| Net CurrentAssets | 162,840 | 106,691 | |||||
| Total Assets | less Current Liabilities | 180,940 | 124,030 | ||||
| Creditors: Amount falling due | after | ||||||
| more than one year; | 4,000 | 4,000 | |||||
| Net Assets | 176,940 | 120,030 | |||||
| Funds: | |||||||
| Unrestncted | I'unde | 12,13 | 176,940 | 120,030 | |||
| Totalpunds | 176,940 | 120,D30 | |||||
| The company | was entitled to exemption | from audit under s477 ofthe Companies | Act 2006 relating to small companies. | ||||
| The members | have not required | the company to obtain an audit in accordance with section 476ofthe Companies Act 2006. |
| Notes to the iinanciai statements for the ear ended 31Au st2020 |
||||
|---|---|---|---|---|
| 1.Accounting Polidesi | The pnncipal accountmg policies are summarised below. The accouncing policies have been applied consistently |
throughout | ||
| the year and the preceding year. | ||||
| (a) Basis ofpreparation | The financial statements have been prepared under the historical cost convention. |
|||
| The financial stacements ofthe charitable company, which isa public benefit entity under FRS102,had been prepared in |
||||
| accordance with the Charities SORP (PRS102]'Accounting and Reporting by Charities: Statement ofRecommended |
Practice | |||
| applicable to charities preparing their accounts in accordance with the Financial Reporting Standard apphcable |
in the UK | and | ||
| Republic ofireland, (FRS102)(effectiv 1January 2015),Financial Reporting Standard 102 'The Financial Reporting |
Standard | |||
| applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
||||
| (b) Fund accounung | General funds are unrestricted funds which are available for the «se ofdiscretion ofthe trustees in furtherance |
ofthe general | ||
| objectives ofthe charity and has not been put aside forother purposes. Restricted funds are funds which are to |
be used in | |||
| accordance with specific restrictions which has been raised by the charity fora specific purpose. The cost ofraising |
and | |||
| administering such funds are charged against the specific fund. |
||||
| (c)Incoming resources | AD mcoming resources are included in the statement offinancial activities when the charity is entitled to the income |
and | the | |
| amount can be quantified with reasonable accuracy. The following specific policies are applied to the particular |
categories of | |||
| income. | ||||
| Voluntary income is received by way ofgrants, donations and gine and is included in full in the statement offlnancial |
||||
| activities when receivable. Grants where entitlement is not conditional on the delivery ofa specific performance |
by the | |||
| charity, are recognised when the charity becomes unconditionally entitled tothe grant. |
||||
| Donated services and facilities are included at the value ofthe charity where it can be quantified. The value of |
||||
| services provided by volunteers has not been included. |
||||
| (c) Resources expended | Expenditure isrecognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot |
be fully | ||
| recovered, and is reported as part ofthe expenditure to which itrelates. |
||||
| Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for |
its | |||
| beneficiaries. It includes both costs that can be ago cated tosuch activities and those costs ofan indirect nature |
necessary | to | ||
| support them. | ||||
| (d) Going concern | The principle risk facing the charitable company is its ability to generate suIDcient income to cover expenditure fulgging the objectives ofthe charitable company. The trustees have reviewed the cash position ofthe charitable |
incurred company |
in and |
|
| cash forecasts atthe date ofsigning the accounts and are satisfied that the charitable company will be able to meet ag o(its |
||||
| financial commitments. | ||||
| As a consequence the trustees believe that the charitable company is well placed to manage Its financlal risks successfully |
||||
| despite the current uncertain economic outlook, espeaaDy with regard to Covid-19 and that the charitable company |
has | |||
| adequate reserves to continue in operational existence forthe foreseeable future. Accordingly the trustees continue |
to adopt | |||
| the going concern basis in preparing the accounts. |
||||
| 2020 | 2019 | |||
| 2.Donations | 6 | |||
| Donations from individuals &organisations '767 |
3,726 |
| Notes | Notes | tothe | tothe | tothe | financial | statements | for the | ear ended 31Au | st2020 | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||||||||
| 3.Activities | forgenerating | funds | f | E | |||||||||
| Nursery education | funding | 185,182 | 203,807 | ||||||||||
| Schoolfees | 235,313 | 276,333 | |||||||||||
| Miscellaneous | income | ||||||||||||
| 420,495 | 480,140 | ||||||||||||
| 2020 | 2019 | ||||||||||||
| 4.Costs ofgeneratingfunds | f | f | |||||||||||
| Staffcosts | 28l,244 | 383,766 | |||||||||||
| Supplies | 7,366 | 8,123 | |||||||||||
| Repairs and maintenance | 11,839 | 4,249 | |||||||||||
| bight and hest | 8,309 | s,eos | |||||||||||
| Rates and Insurance | 8,863 | 14,294 | |||||||||||
| Printing, postage and | stationary | 7,304 | 10,097 | ||||||||||
| Telephone and | broadband | 404 | 1,356 | ||||||||||
| Professional | fees | 2,499 | 1,011 | ||||||||||
| Depreciation | 6,088 | e,oss | |||||||||||
| Other costs | 24,436 | 25,389 | |||||||||||
| 364,352 | 462,981 | ||||||||||||
| 5.Trustees' | remuneration | ||||||||||||
| Employment | costs | ||||||||||||
| No salaries | or wages have been paid to trustees, | during the | year (2019:nd) | ||||||||||
| 6.Smffcosts | |||||||||||||
| The average | number ofemployees during |
the year was as follows: | |||||||||||
| 2020 | 2019 | ||||||||||||
| Charitable | and support activities | 51 | |||||||||||
| 7.Independent examination fees |
|||||||||||||
| Peas payable | to the independent examiner |
for | examination | ofthe iinancial | statements | 500 | 300 | ||||||
| 8.Tangible | Axed assets | ||||||||||||
| Pixtures snd | |||||||||||||
| equipment | |||||||||||||
| Cost brought | forward | 50,119 | |||||||||||
| Additions in |
the year | 6,849 | |||||||||||
| At31August | 2020 | 56.968 | |||||||||||
| Depreciation | brought | forward | 32,780 | ||||||||||
| Charge for the | year | 6,088 | |||||||||||
| At31August | 2020 | 38,868 | |||||||||||
| Net book value | 31August 2020 | 18,100 | |||||||||||
| Net book value | 31August 2019 | 17,339 | |||||||||||
| 9.Debtors | |||||||||||||
| 2020 | 2019 | ||||||||||||
| 5 | |||||||||||||
| Prepayments | and accrued income | 4,856 | 6,243 | ||||||||||
| Sundry debtors | 155,608 | 113,608 | |||||||||||
| 160,464 | 119,851 |
| 10.Creditors: amounts | 10.Creditors: amounts | 10.Creditors: amounts | falling due | within one year | 2020 | 2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| 6 | |||||||||
| Trade creditors | 9,437 | 10,515 | |||||||
| Taxation | and social security | 11,379 | 13,583 | ||||||
| Accruals | and deferred income | 36,352 | |||||||
| 57,168 | 24,098 | ||||||||
| 11.Creditors: amounts | falling due | aner more than one year | 2020 | 2019 f |
|||||
| Loans | 4,000 | 4,000 | |||||||
| 12.Analysis | ofnet assets between | funds | |||||||
| Unrestricred | Restricted | 2020 Total | 2019Total | ||||||
| funds | funds | Funds | Funds | ||||||
| Fixed assets | 18,100 | 18,100 | 17,339 | ||||||
| Current assets | 220,008 | 220,008 | 130,789 | ||||||
| Current liabilities | (57,168) | (57,168) | (24,098) | ||||||
| Long term liabilities | (4,000) | (4,000) | (4,000) | ||||||
| 176,940 | 176,940 | 120,030 | |||||||
| 13.Unrestricted | funds | ||||||||
| At 1September | Incoming | Outgoing | Other recognised | At 31August | |||||
| 2019 | resources | resources | gains | 2020 | |||||
| 6 | 6 | 5 | |||||||
| Unrestricted | funds | 120,030 | 421,262 | 364,352 | 176,940 |