**Charity registration number: 1155025** ## **Paradise RIDA School Trust** **Trustees' report and financial statements for the year ended 31 August 2022** **Paradise RIDA 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 RIDA 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 A Mitha A Patel H Khatib I Dalal N Patel R A Yusuf Y Gajra Y Patel Yusuf Patel **Accountants** AHM Chartered Accountants & Business Advisors The Beeches 20 Ring Road Shadwell Leeds, LS17 8NJ **Bankers** Santander Bootle Merseyside L30 4GB 2 **Paradise RIDA School Trust** ## **Report of the trustees for the year ended 31 August 2022** The trustees present their report and the financial statements for the year ended 31 August 2022. 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 RIDA School Trust 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. The folowing trustees were appointed during the year: Afsana Patel appointed 01 May 2022 Ayub Mitha appointed 01 May 2022 Rizwan Yusuf appointed 01 May 2022 Yunus Gajra appointed 01 May 2022 Yusuf Patel appointed 01 May 2022 ## **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** During the year, the orgainisation came together with some other local schools to form an enlarged entity. Following this coming together, 'RIDA' was incorporated into the charity name and the enlarged organisation is now known as 'PARADISE RIDA SCHOOL TRUST '. As detailed above, several new trustees were also appointed following the merger. 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. 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. The trustees are confident that the charity is in sound financial position with adequate reserves of £140,877 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 Paradlse RIDAkhool Trust Reportofthe th15￿$fortheyt•TeOOed 31 Augthsi zoz2 ICoDI'd) enabfethern MeyAwretha1thEfina￿￿s&ttffi￿￿Cc￿W￿the￿rthSArt2OIl ar¥JthèCbèrty(A¢**Income**
Voluntary Income: Donations
**2**
Activities for generating funds
**3**
**Total Income**
**Expenditure**
Expenditure on Charitable activities
**4**
**Total Expenditure**
Net movement in funds
Total funds brought forward
**Total funds carried forward**
Cost of activities in furtherance of the
charity's objects
Net (Deficit) / Income for the year|**Unrestricted**
**Funds**
**72**
**476,189**
**476,261**
**-**
**565,256**
**565,256**
**(88,995)**
**(88,995)**
**229,872**
**140,877**|**Restricted**
**2022**
**Funds**
**Total**
**-**
**72**
**-**
**476,189**
**-**
**476,261**
**-**
**-**
**-**
**565,256**
**-**
**565,256**
**-**
**(88,995)**
**(88,995)**
**-**
**229,872**
**-**
**140,877**|2021
Total
1,077
484,121| |---|---|---|---| ||||485,198| ||||-
432,266| ||||432,266| ||||| ||||52,932| ||||52,932
176,940| ||||229,872| 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 RIDA School Trust** |**Balance Sheet as at 31 August 2022**||| |---|---|---| |**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:**|**2022**
**£**
**16,954**
**157,759**
**3,722**
**161,481**
**28,558**
**132,923**
**149,877**
**9,000**
**140,877**
**140,877**
**140,877**|2021
£
23,042
159,146
56,462| |||215,608
4,778| |||210,830| |||233,872
4,000| |||229,872| |||229,872| |||229,872| 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: 30 May 2023 The notes on pages 8 to 10 form an integral part of these financial statements 7 **Paradise RIDA School Trust** **Notes to the financial statements for the year ended 31 August 2022 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. |||**2022**|2021|| |---|---|---|---|---| |**2. Donations**||**£**|£|| ||Donations from individuals & organisations|**72**||1,077| 8 **Paradise RIDA School Trust** ## **Notes to the financial statements for the year ended 31 August 2022** |**2022**
**3. Activities for generating funds**
**£**
Nursery education funding
**218,817**
School fees
**257,372**
**476,189**
**2022**
**4. Costs of generating funds**
**£**
Staff costs
**462,528**
Supplies
**10,477**
Repairs and maintenance
**14,898**
Light and heat
**14,300**
Rates and Insurance
**11,911**
Printing, postage and stationary
**2,987**
Telephone and broadband
**5,309**
Professional fees
**1,896**
Depreciation
**6,088**
Other costs
**34,862**
**565,256**
**5. Trustees' remuneration**
Afsana Patel who was appointed trustee during the year was paid £7,000 in her capacity as a staff member (2021: Nil)
**6. Staff numbers**
The average number of employees during the year was as follows:
**2022**
Charitable and support activities
**51**
**7. Independent examination fees**
Fees payable to the independent examiner for examination of the financial statements
**500**|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| ## **8. Tangible fixed assets** |Cost brought forward
Additions in the year
At 31 August 2022
Depreciation brought forward
Charge for the year
At 31 August 2022
Net book value 31 August 2022
Net book value 31 August 2021
**9. Debtors**
Prepayments and accrued income
Sundry debtors|**2022**
**£**
**2,081**
**155,678**|**£**
**67,998**
**-**
**Fixtures and**
**equipment**| |---|---|---| |||**67,998**| |||**44,956**
**6,088**| |||**51,044**| |||**16,954**| |||**18,100**| |||2021
£
3,468
155,678| ||**157,759**|159,146| 9 **Paradise School Trust** ## **Notes to the financial statements for the year ended 31 August 2022** ## **10. Creditors: amounts falling due within one year** |||| |---|---|---| |**10. Creditors: amounts falling due within one year**
Trade creditors
Taxation and social security
**11. Creditors: amounts falling due after more than one year**
Loans|**2022**
**£**
**3,921**
**24,637**|2021
£
4,757
21| ||**28,558**|4,778| ||**2022**
**£**
**9,000**|2021
£
4,000| ## **12. Analysis of net assets between funds** ## **13. Unrestricted funds** |Fixed assets
Current assets
Current liabilities
Long term liabilities
Unrestricted funds|**£**
229,872
**At 1 September**
**2021**|**16,954**
**161,481**
**(28,558)**
**(9,000)**
**Unrestricted**
**funds**|-
-
-
-
**Restricted**
**funds**|**16,954**
**161,481**
**(28,558)**
**(9,000)**
**2022 Total**
**Funds**|23,042
215,608
(4,778)
(4,000)
2021 Total Funds| |---|---|---|---|---|---| |||**140,877**|**-**|**140,877**|229,872| |||**£**
476,261
**Incoming**
**resources**|**£**
565,256
**Outgoing**
**resources**|**£**
-
**recognised**
**gains**|**£**
140,877
**At 31 August 2022**| 10