**Charity registration number: 1155025** ## **Paradise School Trust** **Trustees' report and financial statements for the year ended 31 August** **2021** **Paradise School Trust** ## **Contents** ## **Legal and administrative information** ||**Page**| |---|---| |Legal and administrative information|2| |Trustees' report|3| |Independent examiner's report|5| |Statement of Financial activities|6| |Balance Sheet|7| |Notes to the financial statements|8| 1 **Paradise School Trust** ## **Legal and administrative information** **Charity registration number** 1155025 **Company registration number** 08004087 **Charity address** 1 Bretton Street, Savile Town Dewsbury WF12 9BB **Trustees** A A Patel H Khatib I Dalal Y Patel N Patel **Accountants** AHM Chartered Accountants & Business Advisors The Beeches 20 Ring Road Shadwell Leeds, LS17 8NJ **Bankers** Santander Bootle Merseyside L30 4GB 2 **Paradise School Trust** ## **Report of the trustees for the year ended 31 August 2021** The trustees present their report and the financial statements for the year ended 31 August 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 and comply with the charity's governing document and applicable law. ## **Structure, Governance and Management** Paradise School Trust (PST) is a registered UK charity, incorporated as a company on 23 March 2012, company number 08004087, limited by guarantee and registered as a charity on 16 December 2013 under charity number 1155025. The governing document are its Articles of Association. The Trustees who served during the year up to the date this report are set out on page 2. The trustees have the power to appoint any person to be a trustee in accordance with the provisions of the company's articles. An appointed trustee holds office within the limits permitted by law. ## **Objectives and activities** The objectives of the trust, as set out in its governing document are: 1. To advance education of young people through the establishment and maintenance of an educational facility / facilities. 2. To advance education for the public benefit about Islam through the holding of meetings, lectures and gatherings. 3. For the benefit of the public, to promote learning for pleasure by people no longer in full time education through continued development of their capabilities and understanding of subjects of educational value. 4. To assist in efforts to relieve poverty at a local, national and international level by providing support and assistance to those who are in need of help. ## **Achievements and performance** The charity has: - Continued to provide our premises at a subsidised cost or nil cost to local community groups; - Supported other charities by helping them to meet their objectives at no cost to them; - Raised awareness of deprivation at a local, national and international level; ## **Principal risks and mitigations** The trustees have undertaken an assessment as to whether the charity remains a going concern as at the date of the financial statements approval. During the COVID-19 pandemic, the trustees have considered all potential variables that may affect this going concern assumption and have prepared sufficient supporting documentation in order to reach their conclusion. The detailed assumption has been based on cash flow forecasts prepared for at least twelve months from the date of signing the financial statements. Scenario planning by modelling a number of different outcomes for the charity over the same twelve month period has also been undertaken, given the high level of uncertainty regarding the effects of the pandemic in certain areas. The trustees are confident that the charity is in sound financial position with adequate reserves of £229,872 to continue in operational existence for the forseseeable future. ## **Statement of trustees' 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). Laws applicable to charities in England and Wales requires the trustees to prepare financial statements for each calendar year which give a true and fair view of charity and of incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required 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 financial statements and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 3 **Paradise School Trust** ## **Report of the trustees for the year ended 31 August 2021 (Cont'd)** The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are responsible for safeguarding assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the board N Patel Trustee Date: 02 May 2022 4 Paradise School Trust Inde lldettt examlDerf5 re rt to the trustee5 oIParadts¢ School Trnst -the Com I rEport iothe chadty ¢ru5te¢sofft MyeXan￿[￿tl0￿0f1￿e￿CcOUntsOfPaladi$eS￿[MyI T￿￿for￿eYe4rQ￿dth1 JIA￿E￿￿2021 58 Truion pa8es610 10. ReJpoaJlbllllle5and b￿￿oI￿P￿rt Astho charity5 trustetsofthe C¢vnpAny.￿uIreT￿p￿ffjIb￿fOrthe prepar#UoTh4>fthe x¢ouThts in KCOTdance wlth regulrEment¥afthECDrnpnles Act 20061.the 2tY)6A**Income**
Voluntary Income: Donations
**2**
Activities for generating funds
**3**
**Total Income**
**Expenditure**
Expenditure on Charitable activities
**4**
**Total Expenditure**
Other recognised gains
**13**
Net movement in funds
Total funds brought forward
**Total funds carried forward**
Cost of activities in furtherance of the
charity's objects
Net Income for the year|**Unrestricted**
**Funds**
**1,077**
**484,121**
**485,198**
**-**
**432,266**
**432,266**
**52,932**
**52,932**
**176,940**
**229,872**|**Restricted**
**2021**
**Funds**
**Total**
**-**
**1,077**
**-**
**484,121**
**-**
**485,198**
**-**
**-**
**-**
**432,266**
**-**
**432,266**
**-**
**52,932**
**-**
**52,932**
**-**
**176,940**
**-**
**229,872**|2020
Total
767
420,495| ||||421,262| ||||-
364,352| ||||364,352| ||||| ||||56,910| ||||-
56,910
120,030| ||||176,940| 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 8 to 10 form an integral part of these financial statements 6 ## **Paradise School Trust** ## **Balance Sheet as at 31 August 2021** |**Balance Sheet as at 31 August 2021**||| |---|---|---| |**Notes**
**Fixed assets**
**8**
**Current Assets**
Debtors
**9**
Cash at bank and in hand
**Creditors: Amount falling due within one year:**
**10**
**Net Current Assets**
**Total Assets less Current Liabilities**
**11**
**Net Assets**
**Funds:**
Unrestricted funds
**12, 13**
Total Funds
**Creditors: Amount falling due after**
**more than one year:**|**2021**
**£**
**23,042**
**159,146**
**56,462**

**215,608**
**4,778**
**210,830**

**233,872**
**4,000**
**229,872**
**229,872**
**229,872**|2020
£
18,100
160,464
59,544| |||220,008
57,168| |||162,840| |||180,940
4,000| |||176,940| |||176,940| |||176,940| The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP. A A Patel Date: 02 May 2022 The notes on pages 8 to 10 form an integral part of these financial statements 7 **Paradise School Trust** ## **Notes to the financial statements for the year ended 31 August 2021** ||**Notes to the financial statements for the year ended 31 August 2021**| |---|---| |**1. Accounting Policies:**|The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout| ||the year and the preceding year.| |**(a) Basis of preparation**|The financial statements have been prepared under the historical cost convention.| ||The financial statements of the charitable company, which is a public benefit entity under FRS 102, had been prepared in| ||accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: 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) (effective 1 January 2015), Financial Reporting Standard 102 ‘The Financial Reporting Standard| ||applicable in the UK and Republic of Ireland’ and the Companies Act 2006.| |**(b) Fund accounting**|General funds are unrestricted funds which are available for the use of discretion of the trustees in furtherance of the general| ||objectives of the charity and has not been put aside for other purposes. Restricted funds are funds which are to be used in| ||accordance with specific restrictions which has been raised by the charity for a specific purpose. The cost of raising and| ||administering such funds are charged against the specific fund.| |**(c) Incoming resources**|All incoming resources are included in the statement of financial 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 of grants, donations and gifts and is included in full in the statement of financial| ||activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the| ||charity, are recognised when the charity becomes unconditionally entitled to the grant.| ||Donated services and facilities are included at the value of the charity where it can be quantified. The value of| ||services provided by volunteers has not been included.| |**(c) 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 reported as part of the expenditure to which it relates.| ||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 allocated to such activities and those costs of an indirect nature necessary to| ||support them.| |**(d) Going concern**|The principle risk facing the charitable company is its ability to generate sufficient income to cover expenditure incurred in| ||fulfilling the objectives of the charitable company. The trustees have reviewed the cash position of the charitable company and| ||cash forecasts at the date of signing the accounts and are satisfied that the charitable company will be able to meet all of its| ||financial commitments.| ||As a consequence the trustees believe that the charitable company is well placed to manage its financial risks successfully| ||despite the current uncertain economic outlook, especially with regard to Covid-19 and that the charitable company has| ||adequate reserves to continue in operational existence for the foreseeable future. Accordingly the trustees continue to adopt| ||the going concern basis in preparing the accounts.| ||**2021**
2020| |**2. Donations**|**£**
£| ||Donations from individuals & organisations
**1,077**
767| 8 **Paradise School Trust** ## **Notes to the financial statements for the year ended 31 August 2021** |**3. Activities for generating funds**
Nursery education funding
School fees
Miscellaneous income
**4. Costs of generating funds**
Staff costs
Supplies
Repairs and maintenance
Light and heat
Rates and Insurance
Printing, postage and stationary
Telephone and broadband
Professional fees
Depreciation
Other costs
**5. Trustees' remuneration**
Employment costs
No salaries or wages have been paid to trustees, during the year (2020: nil)
**6. Staff numbers**
The average number of employees during the year was as follows:
Charitable and support activities
**7. Independent examination fees**
Fees payable to the independent examiner for examination of the financial statements
**8. Tangible fixed assets**
Cost brought forward
Additions in the year
At 31 August 2021
Depreciation brought forward
Charge for the year
At 31 August 2021
Net book value 31 August 2021
Net book value 31 August 2020
**9. Debtors**
Prepayments and accrued income
Sundry debtors|**2021**
**£**
**233,893**
**250,228**
**-**
**484,121**
**2021**
**£**
**326,074**
**14,620**
**13,489**
**8,208**
**9,955**
**10,739**
**5,722**
**3,599**
**6,088**
**33,772**
**432,266**
**2021**
**51**
**300**
**2021**
**£**
**3,468**
**155,678**
**159,146**|2020
£
185,182
235,313
-| |---|---|---| |||420,495| |||2020
£
287,244
7,366
11,839
8,309
8,863
7,304
404
2,499
6,088
24,436| |||364,352| |||**2020**
49
500
**£**
**56,968**
**11,030**
**Fixtures and**
**equipment**| |||**67,998**| |||**38,868**
**6,088**| |||**44,956**| |||**23,042**| |||**18,100**| |||2020
£
4,856
155,608| |||160,464| 9 **Paradise School Trust** ## **Notes to the financial statements for the year ended 31 August 2021** ## **10. Creditors: amounts falling due within one year** |||| |---|---|---| |**lling due within one year**
Trade creditors
Taxation and social security
Accruals and deferred income
**lling due after more than one year**
Loans|**2021**
**£**
**4,757**
**21**
**-**|2020
£
9,437
11,379
36,352| ||**4,778**|57,168| ||**2021**
**£**
**4,000**|2020
£
4,000| ## **11. Creditors: amounts falling due after more than one year** ## **12. Analysis of net assets between funds** |Fixed assets
Current assets
Current liabilities
Long term liabilities|**23,042**
-
**23,042**
18,100
**215,608**
-
**215,608**
220,008
**(4,778)**
-
**(4,778)**
(57,168)
**(4,000)**
-
**(4,000)**
(4,000)
**Unrestricted**
**funds**
**Restricted**
**funds**
**2021 Total**
**Funds**
2020 Total
Funds| |---|---| ||**229,872**
**-**
**229,872**
176,940| ## **13. Unrestricted funds** |Unrestricted funds|**£**
176,940
**At 1 September**
**2020**|**£**
485,198
**Incoming**
**resources**|**£**
432,266
**Outgoing**
**resources**|**£**
-
**Other recognised**
**gains**|**£**
229,872
**At 31 August**
**2021**| |---|---|---|---|---|---| ## **14. Post balance sheet events** Since the beginning of 2021, the spread of COVID-19 has severely impacted the economy. As a consequence businesses are being forced to cease or limit operations for long or indefinite periods of time.The Company has determined that these events are non-adjusting subsequent events. Accordingly, the financial position and results of operations as of and for the year ended 31 August 2021 have not been adjusted to reflect their impact. It is not possible to reliably estimate the duration and severity of these consequences, as well as their impact on the financial position and results of the Company for future periods. However, the company has concluded, based on forecasts and in depth financial analysis that the impact of COVID-19 is unlikely to affect the company’s ability to continue as a going concern. 10