Company registration number.. 08004087 Charity registration number: 1155025 Paradise RIDA School Trust Ltd (A company limited by guarantee} Annual Report and Financial Statements for the Year Ended 31 August 2024
CONTENTS REFERENCE AND ADMINISTRATIVE DETAILS.. ............................................................................... TRUSTEESJ REPORT................. ...........................................................................................-........ REPORTOFTHE INDEPENDENT AUDITORS................................ STATEMENT OF FINANCIALACTIVITIES.................... ........................ .................................... BALANCE SHEET................,,...................................................................................... . ............. 14 STATEMENT OF CASH FLOWS............................................................ 13 16 NOTES TOTHE FINANCIALSTATEMENTS.................................................................,................... 17
Paradise RIDA school Trust Ltd Reference and Administrati¥e Details REFERENCE AND ADMINISTRATIVE DETAILS Dlrector and Trustees The directors of PaTadi5e RIDA School Trust Ltd, who are its trustees for the purpose of charlty13w. present the annual ieporl ol the chariiable company for the year ended 31 August 2024. The directors and trustees servlng durlng the yeai and subsequent to year end were as follows.. Name Companles House Charlty Commlsslon Yaslr Patel Dlrector Trustee Y Gajra Dlrector Trustee N Patel No role Trustee H Khatlb No role Trustee Afsana Patel Reslgned as Dlrector on 26 November 2024 Trustee Resigned as Dlrecror on 24 October 2024 Trustee A Mitha Resigned as Director on 24 October 2024 Trustee Yusuf Patel Reslgned as Olrector on 22 (ktober 2024 Trustee R Abdullah Re518ned as Dlrector on 22 October 2024 Reslgned A A Patel Resigned as 0Srettor on 31 August 2024 Reslgned Princlpal Ofllce and Re8lstered Ofllce l Bretton Street Dewsbury WF12 9BB Company Registratlon Number.. 08(KJ4087 Charlty Registration Number: 115502S Audltors.. A Kllner Johnson Ltd Network House Slubs Beck Lane aeckheaton BD19 4 Webslte.. www.par3dise5thool.org.uk
Paradlse RIOA School Trust Ltd Trustees, Report TRUSTEES. REPORT The trustees, some of whom are also the dlrÈ¢tors of the charity for the purpose of the Companles Act 2LM)6, present their report with the audited financial statements of the charity for the year ended 31 August 2024. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financlal position of the charlty and to enable them to ensure that the financial Statements comply with the Companle5 Act 2006. The trustee5 are also responsible for safeguardlnE the assets of the charlty and hence taklng ieasonable steps lor the preventlon and detection of fraud and other irregularities. The flnancial statement5 comply with the Charities Act 2011, the Companles Act 2006, the Memorandum and Articles ol AssocSatlon, and Accountlng and Reportlng by Charities: Stslement of Recommended Practlce appllcable to charities preparlng thelr accounts In accordance wlth the Financial RepoTilng Standard applicable In the UK and Ilepubllc of Ireland IFRS 102. effective January 2a191. The trustees, some of whom are also dlrectors for the purpose of company law, present the Bnnual report together with the financial statements of the charitable company for the year eniied 31 August 2024. Oblectlves and actlvltles Paradlse ftIDA School Trust is a reÉ15tered charity, and a company Ilmlted by guarantee, establlshed In Oewsbury, West Yorkshire, as a primary school In 2012. We now operate an early Yeais Nursery, Primary School, and inclependent Boys and Gills Secondary schools. We alm to prepare children to live in 21SI century 8ritain by Imparting fundamentals of mutual respect, Integrity and contlnuous improvement. Underplnnlng our work are Islamic ethos and aim5 to educate a 8eneration of chSldren to be proud of their Muslim Identityt and to use these values to contribute posltlvely to society as equal British Citlzens. The objectlves of the trust. as set out In its governlnE dtxument are- To a¢Jvance educatlon of young people throu8h the establishment and maintenante of an educatlonal facilitv I facllitles. To advance education for the public benefit about Islam through the holding of meetlngs, lectures and gaiherlngs. For the benent ol the public, to promote learning for pleasure by people no longer in full lime educatlon throu8h continued development of their capabilitles and understandln8 of sublects of educational value. To asslst In efforts lo relieve poverty at a local, natlonal and International level by provldlng support and assistance to those who are in need of help. The strategies of the trus( to achleve Its Slated aims 2nd oblectives are: To provide a hlgh quality and comprehensive education to students whlch enables them to positively contribute to society. To enEourage students to seek further educational opportunities. 3. To attain a high level of retention of student5 through the provision of educatlonal services offered.
Paradise RIDA School Trust Ltd Trustees, Report The trust uses the following uiteria or measures to assess the success of its aims and objectives in the reporting peTlOd: Retention rate of sludents Educational achievements and gradlng per student GCSE results Public beneflt The trustee5 conflrm that they have Complied with the reoulrements of section 4 of the Chailties Act 2011 to have due regard to the publlc benefit guidance published by the Charlty Commission for En&land and Wales. Staff and Volunteers Paradlse RIDA Is operated throu8h a network of commStted staff and volunteers. Without their contlnuin8 drive and commitment Paradise RIDA would not be the force It is. The directors reaffirm their commltment to an organi5atlonal cultlbre that cares for our people and those we serve. Strate81£ Report Net Income for the year improved 518nificantly, fegistering a modest surplus in the year compared to the very largo deflclt Incurred in the prior year. pn'marily driven by incieased fee Income duiing the year and the expansion of the early years provlsion. Whlle the Trust's overall fund5 remain In deficit. the 8oard recognlses this challenge and has adopted a clear Ilnanclal strategy, supported by robvst school fee collection and enhanced cost control to strengthen the organlsatlon's financlal posltion. Income from charltable actlvltles rose to £1.3m12022123.. £1.Oml. The Board is confldent that the organisatlon's core Income streams principally school and nursery fees are sufficlent to Cover overhearl expenditure. To further suppoit suslainability, school fees have been increased for FY 2024125, now set at lust over É3,000 + VAT. Demand for the Tiust's educational serylces remains strong across all its establishments. ReseNe5 The charlttys avallable reserves at the year*nd are shown in note 14 of the financlal statements. It 15 the pollcy of Paradlse RIDA to malntain an adequ3te level of reserves to fund working capltal and unexpected events and to aecumvlate resource5 agalnst unexpected change5 in the operatSng environment so thal our work and the users of our services are not odversely affected. It is the Trustees, intentlon to increase Irs level of reseNes to the equivalent value of three months operating costs to ensure that the charity can continue lo meet its obligations and safeguard its actÉvities. The balance sheet poslilon as at 31st August 2024 shows re5erve5 deficit of £35.612. Unrestricted rÈserves funds are available for the general purpose of the charity. Paradise RIDA plans to use these to underpin our work Bnd ensure 5115tainability of the services we offer.
Paradise RIDA School Trust Ltd Trustees, Report Golng Concern Paradise AIDA Sch(iol TTUSt expects to remaln a g(xng concern until at least 31 December 2026. This vlew is supported by several factors: Stable income streams: The Trust derlves Its funding primarily from school fees and nursery education Income. Fees have been increased for FY 2024-25 and FY 2025-26 to ensurè overheads are covered. Improvlng financlal performance: During the latest fiscal year. the Trust achieved an income surplus after expense5 and improved its net asset position. The cumulatlve deficit recorded at yeaT-end reftect5 a deliberate decision In recent years to Invest in staffinÉ and resources, but management has already reduced administratlve costs and secured short-temi communlty loan5 to stren8ihen the balance sheet. Strengthenlng cash positlon.. Cash reserves have grown significantly since the year end. demot)stratlng enhanced liquidity and providing a buffer for operatlons. Strong demand and Teputatlon; Demand for the Trust's edLFC3tional seivlces remain5 robvst, underpinned hy ils long-established reputation for quallty within the local communltv. In light of these factors, the board belleves the Trust has sufficient rer¢e$ to meet Its obligatlons and operate effectively. The trustees see no material uncertainties affecting its ablllty to continue as a 8oin8 concern. TrodinE patterns for 2024-25 to date support this asse55ment. Rlsk Management Paradise RIDA has an internal rlsk control 5y5tern in place. Thè Directors are aware of the controls and are commltted to reviewlng these on an ongoing basls. There is a comprehensive flnance manual In place and controls exist over fundlngi expendlture and genèral Ilnanclal management. Management accounts, including cash and reserves posltion, are shared with the Board regularly. Paradlse RIDA identifies thè key rlsk5 facing the organisation and records these In a risk reglster. The risk reElSter1s an actlve management tool that Is reviewed on a monthly basis by the senlor management tèam. Each rlsk Is rated and mltlgating actlons are assigned to ensure that there is minlmal exposure to the risk, The rlsks are a150 reviewed to ensure that adequate mltlgating actions are in place. The Board revlew the risk reÉistÈr on a quarterly basls. structure, Governance and Management Paradise RIDA School Trust Llmited is a reglslered UK charlty, 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 Artlcles of Association. Appolntment and Rernoval of Trustees The power to and responslbllity for the appointment and removal of Trustees from the Board rests with the Trustees collectivelv.
Paradise RIDA School Trust Ltd Trustees. Report Relatlonships wlth related partles The charlty is under the control of trustees. The trustees consider that there is no controlllnE Party of the charity. Key flnanclal KPI'S and Key non. financial KPI'S All budgets are prepared with a strong awareness of associated risks. Thls underpins our approach of plannlng activities with flexlbility, enabling us to respond swiftly and strateglcally to emerglng ch311enges. By doing 50, we can make carefully considered adlustments thout Compromlsing the charity's overall mission. Our key flnancial priorltles are to: Strengthen organ15ational Infrastructure by consolidating the exponential growth achieved In recent years through the uplift in school fee income. Develop a long-term 5tfaregy for financial sustainability by diver5ifyin8 Income streams, Including nursery, prSmary school, and secondary school fees. Implement a robusi lee collectlon framework, offerin8 incentives for early payment le.g. dlscounts) ond Ilexible payment term optlons to encourage timely settlement, 2023.24 Achlevernents and Performance The prlm3ry activity of Paradise Rida School Trust remalns the opeyallon of an independent Muslim falth school, deliverlng against ovr core oblectives of educating youn8 people, promotlng Ilfelong learnlng, and assisting In poverty relSef. Thls year has been marked by strong academic outcomes across our schools. At the secondary level, 63% of puplls at RBHS and 79% at RGHS achleved level 4 or above in 8 or more Subjects. Our primary phase demonstrated exceptlonèl depth of understandin& wlth 64% of puplls achleving'Greater Depth, in Readln8t 77% In SPAG, and 59% In Maths at KS2. Notably, 41% of pupils achieved 'Greater Depth, across all three of these core subjects, reflectlng a hlgh standard of overall academlc attainment. The difference made to our puplls extends beyond the classroom. We have fostered a strong sense of community and Intergenerational conneclion through initiatives such as the girls, coffee mornlng5 for mothers and aunts, and the boy5, meals with local elders. These activitie5 have provlded valuable so¢lal engagement and allowed our students to learn directly from the first-generation settlers about their experiences, enrithlng thelr cultural and hlstorical underslandln8. While we celebrate these signlflcant achievements in academlc performance and communlty cohesion, the Trustees also recognlsÈ area5 for development. The positive pupil enEa8ement with twilight sesslons and additional tuition was a key drlver behind the excellent results and is a model we will seek to relnforce. A slgnlficant challenge encountered ihls year was the physical constralnt on growth wlthin our Early Years IEYI area, whlch has limited our capacity to meet demand. In response, future development plans have been initiated to expand our EY facllitles, ensurlng we can welcome more children into our foundational stage and continue to serve our community's needs effectively.
Paradise RIDA School Trust Ltd Trustees, Report Reference and administrative detalls Registered company number 08004087 (England and Wales) Registered Charlty Number 1155025 Reglstered Office l Bretton Slreet Dewsbury WF12 9BB Trustee5 Mr Y Patel Ichairl MrYGalra Mr N Patel Mr H Khatlb Ms A Patel Mrl Dalal MrA Mitha Mr Y Patel Audltors KJA Xllner johnson Llmlted Neiwork House Stub$ 8e¢k Lane Cleckheaton 8019 4 Approved by the Board of Trustees and slgned on its behalf by: Yaslr Patel Director & Trustee Date= 27, September 2025
Paradise RIDA School Trust Ltd Trustees, Report Statement of responslbllltles of the trustees The trustees Isome of whom are also directors of Paradise RIDA khool Trust Ltd for the purposes of company lawl aTe responsible lor preparlng the Trustees, Annual Report and the financi31 statements in accordance with applicable law and Unlted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company13w requires the tnjstees to prepare financial Statements for each financial year which Èive a true and fair view of the state of affalrs of the charitable company and of the Incoming resources and appllcatloft of re50urces, Including the Income and expenditure, of the charitable company for that perh)d. In preparing these financlal statements. the trustees are required io.. select suitable accounting pollcles ar then apply them consistently• observe the methods and principles in the Charities SORP- make Judgments and accounting estimates that are reasonable and prudent: state whether appllcable UK Accountlng Slandards have been followed, subject to any materlal departures dlsc105ed and explained in the flnancial statements; and prepare the linanclal statements on the going concern basls unless it is inappropriate to presume that the charitable company will continue in operatlon. The trustees are responslble for keeplng adequate atcountlng record5 ihat disclose wlth reasonable accuracy at any tlme the financ131 p051tion of the charitable company and enable them to ensure that the financlal statements comply with the Companies Act 2006. They are also re5ponslble for safeguarding the assets of the charltable company and hence for taklng reasonable steps for the preventlon and detectlon of fraud and other Irregularltles. In so far as the trustees are aware: there Is no rolevant audit informallon of which the charitable tompanvs auditors are unaware,. and the trustees have taken all steps that they ought to have taken to make themselve5 aware of anv relevant audlt informatlon and to establish that the auditors are aware of that Information. The financlal statement5 have been prepared in accordante with the provision5 appllcabk to companles Subject to the small companies, regime. Auditor5 The audltors, KIA Kllner Johnson Ltd (Statutory Audltorsl. will be proposed for re-appointment at thè forthcoming Annual General Meetlng. Report ol the trustees, incoTporating a strategic report, approved by order of the board of trustees, some of whom are company directors, on 27 Se tember 2025 and signed on the boaid's behalf bv,. Yasir Patel Director & Trustee
Paradise RIDA School Trust Itd REPORTOF THE INDEPENDENT AUDITORS REPORTOF THE INDEPENDENT AVDITORS Opinion We have audited the financlal statements of Paradise RIDA School Trust Ltd (the 'charitable company'l for the yeai ended 31 August 2024 which tomprlse the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements. including a summary of significant accountin8 policies. The fin3ncial reporting framework that has been applied in their preparation is applicable law and Unlted Klngdom Accounting Standards (United Kingdom Generally Accepted Accountin8 Practice). In our oplnion the financial statements.. glve a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its incomlng resources and applicatlon ol resources, includlng its income and expenditure, for the vear then ended,. have been properly prepared In accordance wlth United Klngdom Generally Accepted A¢¢ovnting Practice. and have been prepared In accordance wlh the requirements of ihe Companies Act 21M)6. Basis for oplnion We conducted our audit In accordante with Internatlonal Standard5 on Audlting IUKI IISAS IUKII and applicable law. Our responsibilitles under those Standards are further described In the Auditors, iespon51billtle5 for the audit of the financlal statements section ol our report. We ère indeperent of ihe chariiablÈ company In accordance wlth the ethlcal requirements ihat are relevant to our audit of the financlal statements In the UK. Including the FRC'S Ethical Standard, and we have fulfilled our other ethlcal responslbillties in accordance with these requirements. We believe that the audit evidence we have obtained 15 sufN¢ient and appropriate to provlde a basis for oui opinlon. Concluslons relatln8 to golng concem In auditin8 the financial statements, we have concluded that the trustees, use of the goln8 concern basis of accovntlng In the preparation of the financial statements 15 appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectivelyi may cast 5ignrficant doubt on the charitable company's ability to continue as a golng concern for a period of at least twelve months from when the financial statements are author15ed for issue. Our responsibilltles and the re5ponslbllities of the trustees with respect to going concern are described in the relevant sections of thls report. Emphasls of Matler We draw your attention to page 4 and page 5 of the trustees report and Note l. in whlch the trustees have disclosed the deficit funds posliion and have also provided their going concern assessment. We have performed extensive audit procedures on the reserve funds posltion and the ability of the organ15atlon lo continue operatlng on a going concern basis and we belleve it is approprlately slated. The organisation had in place short term funding from local organisatiorls ond individuals amounting to £81,50D to help cover
Paradise RIDA School Trust Ltd REPORT OFTHÉ INDEPENDENT AUDITORS opeTating expendlture during the year. and the amounts have been repaid in full in FY 24-25. Our opinion is not modified In re5pe¢t of this matter. Other rnatters In line with ISA IUKI 710 Paragraph 14, we state thÈ fact that the coriesponding figures are unaudited. We have performed audit procedures to obtain sufficient appropriate audit evidence that the openlng balances do not contain misstatements ihat materlèlly affect the current period's financlal statement5. Other Informatlon The trustees ale responsible forthe other Information. The other information comprises the information Included in the Annual Report, other than the financlal statements and our Report of the Independent Auditors thereon. Our oplnlon on the flnanclal statements does not Cover the other Information and, except to the extent otherwise explicitly stated in our report, we do not expres5 any form of assurance concluslon thereon. In connection with our audit of the financial statements. our respon5iblllty Is to read the other Informallon and, in dolng so, consider whether thè other information is maierially inconsistent with the financial statemen15 or our knowledge obtained In the audit or otherwise appear5 to be materially mlsstated. If we identlfy such materlal inconslslencles or apparent material mlsstatements, we are requlred to determine whether this gives rlse to a material mlsstalement in the tinancial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of thls other Information, we are required to Tepoit that fact. We have nothing to report in thls regard. Matters on whleh we are requlred to report by exceptlon We have nothing to report In respect of the followlng matters where the Charlties (Accounts and Reports) Regulations 2(K)8 requires us to report to you If. in our opinion: the information glven In the Report of the Trusteesls inconslstent In any material respect wlth the financial statements. or the charitable company has not kept adequate accountlng records. or the financial stslements are not Sn agreemeni with the accountlng records and returns. or we have not received all the information and explanations we require for our audit. Responslbllltles of trustees As explalned more fully In the Slalement of Trustees, Responsibilities, the trustees Iwho are also the dlrectors ol the charitable company for the purposes of company lawl are responsible for the preparatlon of the firEancial statement5 and for being satisfied that they give a true and lalr view, and lor such inlernal control as the trustees determine 15 necessB¥V to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or errol. In preparing tho fEnanclal statements, the trustees are spOnsible for assessing the charltable company's ability to continue as a going concern. disclosSnL as applicable. matters related to going concern and using the EOln8 con£ern basis of accounting unless the trustees either intend to liquldate the charltable company OT to cease operatlons, or have no realistic alternative but to do so. io
Paradise RIDA School Trust Ltd REPORT OF ThE INDEPENDENT AUDITORS Our rèsponslbilities for the audit of the financial statements We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance wlth the Act and ielevant regLtlations made or having effect thereunder. Our objectives 3re to obtaln reasonable assurance about whether the financial statements as a whole are free from materlal misstatement. whether due to fraud or error, and to Issue a Report of the Independent Audltor5 that Includes our oplnion. Reasonable assurance 15 3 high level of assurance, but is not a guarantee that an audlt conducted In accordance with ISAS IUKI will always detect a material mSsstatement when it exists. Misstatements can arise from fraud or error and are considered mateTlal If, indivldually or in the ag8regate, they could reasonab be expected to influence the economic decisions of users taken on the basis of these flnanclal statements. The extent to which our procedures are capable ol detecting Irregularities. including fraud Is detailed below.. While plannlng our audlt, we have enqulred of management and those charged wlth governance around anv actual or potential litigatlon and clalm5 againsl the company for non.compliance with 5pe¢illc laws and regu13tlons. The same has been done In respect of any Instances of fraud or Irregularlties. Thè responses received have been communlcated with the engagement team at the planning stage. We have not been Informed ol any specific laws or regulatory re13ted issues that could materlally impact the financial Statements in additlon to this, there has been no suspected fraud or irregularitles reported to us. Whlle planning our audlt the engement partner selected appfopriately tralned staff to be engaged In the audlt and the team are allocated based on thelr competence and capatsllltles. The audit work undertaken 15 a substantlve work based audit approach, reviewlng to source documentation where appropriate and Includes a review and walkthrou8h of the systems whlch management have put In place. These tesls are dire£tlonal. Therefore, they are desl8ned in a way to maximise audit effectlveness and the possible identification of any material fraud, irregularities, OT instantes ol syslems and procedure breaches. Our testlng did not Identlfy any Issues that requlre additional reporting. These tests and other areas of our audlt work are designed to enhance our abillty to detect cases of material fraud and certain Irregularities. It should be noted that our audlt Is carried out using a materlal based approach and therefore does not test every transactlon. as such It would not detect all instances of liregularllies and speclflcally fraud which 15 inherently more dSfficult to detecl. A further description of our re5pon5ibilltie5 for the audit of the financial statements is located on the Financial Reportlng Council's website at www.frc.or8.uklauditorsrespon51bilities. Thls description forms Part of oui Report of the Independent Auditors. li
Paradise RIDA School Trust Itd REPORTOF THE INDEPENDENT AUDITORS Use of our report This report is madè solely lo the charltable company's trustees, a5 a body, in accordance with Part 4 of the Charities IAccounts and Reports) Regulations 2008. Our audit work has been undeitaken so that we might state to the charitable compar¢y'S trustees those matters we are required to state to them in an audltors, report and far no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for otjr audit work, for this report, or for the opinions we have formed. 1144 for and on behalf of KJA Kllner Johnson Lt(i {StatutoryAuditorsl Eliglble to act as an auditor In terms of Section 1212 of the Companies Act 2006 Network House Stubs Beck Lane Cleckheaton 8D19 4 Date.. 12
Paradlse RIDA school Trust Ltd REPORTOFTHE INDEPENDENT AUDITORS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDEO 31 AUGUST 2024 Ilncorporatlng an Income and Expenditurè Atcount) Note Unrestrlcted Funds Total 2024 Total 2023 As restated Income fyom: Donations 38.677 38.677 1,364 charitable actlvltles 1.319,939 1,319.939 972,673 Total Income 1,358,616 1,358,616 974,037 Expenditure on: Charitable activities 1,347,508 1,347,508 1,084,573 Total Expendlture 1.347,508 1.347,508 1,084,573 Net surplus/lexpenditurel and net movement In funds 11,108 11,108 1110,5361 Reeonciliatlon of fund5. Total funds brou8ht forward 146.7201 146,7201 63,816 Total funds carriecl forward 14 135,6121 135,6121 146.7201 The statement of flnancial actlvltles includes all gains and losses reco8nised In the year. All Income and expenditure derlve from continuing actlvitles. Thè funds breakdown for 2024 Is shown in note 14. 13
Paradise RIOA School Trust Ltd 8al3nce Sheet BALANCE SHEET AS AT 31AUGUST 2024 Note 2024 2023 A5 Restated Flxed assets 101.543 69,073 Current assets Debtors io 79,791 47,585 Cash at bank 17,846 4,345 Total current assets 97.637 51,930 Credltor5: Amounts fallin8 due wlthin one year li 1173.2921 1127,7231 Net current Ilabilities 175.6551 {75.7931 Total Assets less Current Liabllltles 25,888 16,7201 Credltors: Amounts falling due after one year 12 61,5001 140,0001 Total net Iliabilitlesl l assets 135,6121 146,7201 Funds of the chailty Unrestrlcted income funds 14 135,6121 146.7201 Total Funds 135,6121 146,7201 The charitable company Is entitled to exemption from audit under Sectlon 477 of the Companles Act 2006 for the year ended 31 August 2024. The members have not deposited notlce. pursuant to Sectlon 476 of the Companies Act 26 requlring an audit of these financial statements. The trustee5 acknowledge theiT responsibilitles for lal ensuring that the charitable company keeps accounting records that comply wlth Section 386 and 387 of the Companles Act 2006 and Ibl preparing financial statements which glve a true 3nd falr view of the State of affairs of the charitable company a5 at the end of each financial year and of it5 surplus or deficit for each flnancial year in accordance with the requirement5 of Section5 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating lo financial st3tements, so far as applicable to the charitable company. These financial Statements liave been audited under the requirements of Section 145 of the charlties Act 2011, The note5 form part of these financial 5tstements 14
Paradise RIDA School Trust Ltd Balance Sheet The financial statements have been prepared in atcordance with the provisions èpplicable lo charitable compan1@5 subject to the 5rnall companies regime. The financial statements were approved by the Board of Trustees, and authorised for issue on 27th Se tember 2025 and signed on thelr behalf by.. Yasir Patel Director & Trustee 15
Paradlge RIDA School Trust Ltd Cash Flows STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Net suyplusl Ideflcltl for the year before depreclatlon 37,007 195,2361 Net cash flows from operatlnB activitles: Ilncreasel/decrease In debtors 132,2061 127,4341 Increase in creditor5 25,568 99,165 Net cash provided by l {used Sn) operatlng acllvltles 30.369 123,5051 Net cash (used In) InvestlnB actlvltles Flxed asset addltlons 158,3691 16,8721 Net cash provided by finan¢lng actlvlties Loans 41,500 31,000 Net increase I Idecreasel in cash & cash equivalent5 in the year 13,501 623 Cash & cash equivalents at the be8innlnE of the year 4,345 3,722 Cash & cash equlvalents at the end ol the year 17.846 4,345 Cash and cash equivalents are represented by cash at bank and in hand. 16
Paradise RIDA School Trust Ltd Notes to the Financlal Statements NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31AUGUST 2024 Accountlng policies Statutory Informatlon Paradise AIDA School Trust Ltd is a charitable company limited by guarantee and is incorporated in United Klngdom. The registered offlce address Is l Brelton Street. Samle Town, Dèwsbury. WF12 9BB. Summary of slgnlf5cant accountlng polldes and key ac¢ountlng estlmates The princlpal accounting pollcle5 applied in the preparation of these financlal statements are set out below. These policies have been consistertlly applled to all the year5 presented, unless otherwise stated. Bas15 Of preparatlon The flnanclal statements have been prepared in accordance with Accountlng and Reportlng by Charities.. Statement of Recommended Prnctlce applicable to charities preparing thelr accounts in accordance wlth the Financlal RépoTtlng Standard applicable in the UK and Republlc of Ireland12nd Editlon, effectlve Jènuary 20191 Icharities SORP IFRS 10211, the Finantlal Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The tfUStees have taken advantage of ihe reduced disclosure framework exemptlons as noted in FRS 102 sectlon 1,12. Paradise RIDA School Trust Ltd meets the definiilon of a public benefit entlly under FRS 102. Assets and liabilitle5 are initlally recogn15ed at hlstorical cost or transaction value unlèss otherwise staled in the relevant accounting policy notes. Going concern The flnancial statements have been prepared on a going cc#icern basls. The trustees assess whether the use of going concern Is appropriate i.e. whether there are any material untertainties related to events or condltlon5 that may cast significant doubt on the ablllty of the Charity to continue as a going concern. The trustees make this assessment In respect of a perlod of one year from the date of approval of the financial statements. Based on the performance In 2024 & 2025 to date and forecast Cashflows. the Board believes that the charity has adequate resources for the foreseeable future. The Board believes that there are no material uncertainties that call into doubt the eharitable company's ability to continue in operation. Therefore, the financial statement5 have been prepared on a going concern basis. Income and Donations Donated professional services and donated facilitles are recognised as Income when the charity ha5 control over the Item or received the servlce, any conditlODS associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be 17
Paradise RIDA School Trust Ltd Notes to the Financial Statements moasured reliably. In accordance with the Charities SORP IFRS 1021. volunteer tlme is not recognised so refer to the tTUStees' annual report for more information about thelT contribution. Income from charltable actlvities All incomlng resources are included in the statement of financial activities when the charity is entltled to the incorne and the amount can be Quantified wlth reasonable accuracy. The following specific policies are applied to the particular categories of Income: Voluntary in¢ome Voluntary income is received by way of 8rants, don3tion5 and glfts and Is Included In full In the statement of ftnancial actlvities when receivable. Grants Grants where entitlement is not conditional on the delivery of a specific performance by the charity. are recognised when the chaflty becomes unconditlonally entitled to the grant. Expendlture Expenditure Is recognlsed once there Is a legal or constructive obligatlon to transfer economlc beneflt to a third party, It Is probable that a transfer of economic beneflts will be required In settlement, and the amount of the obllgailon can be measured reliablv. Expendlture is classified by actlvlty. The $tS of eèch actlvity are made up of the total of direct Costs and shared costs, includln8 Support cosls involved in undertaking each activity. Direct costs attribulable to a slngle actlvlty are allo¢ated directly to that activil¥. Shared costs which conirlbyte to more than one activity and support costs whlch aTe not altributable to a slngle acilvlty are apportloned between those actlvltles on a basis conslstent wlth the use of resources. Charltable activitles ChaTStable expenditure comprlses those costs Incurred by the Charity In the dellvery of Its actlvilies and service5 for 115 benefic13rles. It Includes both costs that can be allocated dlrectly to such artlvities and those costs of an Indirect nature necessary to support them. Flnanclal Instruments The charlty has elected to apply the provisions of Sectlon Il'8asic Financial Instruments, and Sectlon 12 'Other Financlal Instrument$1$5ues' of FRS 102 to all of its financial instruments. Financlal Instruments are recognised in the charftvs balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilitles are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to Sei off the recognised amounts and there is an intention to Settle on a net basls or to reali5e the asset and settle the liability simultaneously. 18
Paradlse RIDA School Trust Ltd Notes to the Financial Statements Baslc financlal assets Basic financial assets, which include debtors and cash and bank balances, are measured at transactlorb price InclL¢ding transaction costs. Llabilltles Trade creditors are obligatlons to pay (or goods or Services that have beèn acqvSred in the ordinary course of operatlons from suppliers. Amounts payable are das5ified as current Ilabilitles If paymènt is due wlthin one year or less. If not, they are presented as non-current Ilablllties. Trade credltors are recognised at transactlon price. The charlly does not have anything other than baslc flnantlal Instyuments. Tangible flxed a55ets Tan8lble fixed BssÈts are initially measured at cost and subsequently measured at cost or valuation, net of depreciatlon and any Impairment losses. Depreclation Is recognised so as to write off the c05t orvalualion of assets less their residual values over their Useful Ilves on the followin8 bases.. Leasehold Improvements Flxtures, flltSng5 & IT equlpment 4% Stralght line over 25 years 20% on cost The galn or loss arlslng on the disposal ol an asset is determined as the difference between the sale proceeds and the carrylng value of the asset. and is recognised in the 5talement of flnancial activities. Trade debtors Trade debtors are amounts due from cuslomers for merchandise sold or services performed In the ordlnary co¥Jr5e of business. Trade debtors are recognised Inltially at the transaction price. They are subsequently measured at amoitised C05t iJsinB the effectlve interest method. less provislon for impairment. A provlslon for the impairment of trade dbtOrS1s established when there is objective evidence that the Charlty will not be able to ¢ollect all amounts due accordin8 to the orlginal terms of the receivables. Cash and ¢a5h equlvalents Cash and ta5h equivalents tomprise cash on hand and other short-term highly liquid holdings that are readlly convertible to a known amount of cash and are sublect to an insignificant rlsk of change In value. 19
Paradise RIDA School Trust Ltd Notes to the Flnancial Statements Trade creditors Trade creditors are obligations to pay for goods or services that have been acqulred in the ordinaTV course of busine55 from suppliers. Accounl5 payable are dassified as current liabilitie5 if the Charity does not have an unconditional right. at the end of the reporiing period, to defer settlement of the creditor for at least twelve months alter the reporting date. If there is an unconditional right io defer seltlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Fund a¢countlng Unrestrlcted income funds are general funds that are available for use at the tru5teÈ's discretion In furtherance of the objectives of the Ch3Tlty. Designated income funds are geneial funds which have been Set a51de at the trustee's discretiori for speciflc purposes. As at the year end. and In Ilne with the previou5 year, the Charity does not have any designated funds. Restrlcted Income funds are those donated for use in partlcular area or for specillc purposes. the use of whlch Is restricted to that area or purpose. Reserves The trustee5 alm to maintaln free reserves in unfestTiCted funds at a level which equates to approximatelv three months of unresiricted Charitable expenditure. The tnjstees conslder that thls level will provitle sufficient funds to respond to appllcations for grants and enrolments, and ensure that chèrltable acllvlty C05t5 are covered. The trustees consider that 3 level ol thiee months Is suflSclent given the Ilexibillty afforded. The trustees have provided thelr assessment for the deflelt reserve funds posltlon as at 3111 August 2024 of £35,612, on page 4 01 the trustee's report. Judgements Estimates and judgements are continually evaluated and are based on hlstorlcal experlence and other factor5, Including expectations of future events that are believed to be reasonable under the clrcumstantes. The Trustees conslder that there are no significant areas of judBements or estimates. In¢ome from donallsy)s Unreslrlcted Funds Total 2024 Total 2023 Grants and donatlons 38.677 38,677 1,364 38,677 38,677 1,364 20
Paradise RIDA School Trust Ltd Notes to the Financial Statements Income from charitable activities Unrestrlcted Fund5 Total 2024 Total 2023 Nursery Educatlon Funding other activitles 330,723 330.723 330,723 1.444 804 School fees 987,772 987.772 703,398 1.319,939 1,319,939 972,673 Nursery Educatlon Fundlng of £330.72312023'. £330,723) relates to income received from Klrklees Councll for overnment funded hours of childcare for eligible children aged from g months to 4 years old. Expendlture on charltable artiiiitles Total 2024 Total 2023 Salary and related costs 956,728 826,276 Repalrs and malntenance 12,313 12,658 71,054 44,528 Rent, rates and Insurance 44,531 43,517 Education supplles Prlntlng, postage and statloneiy Depreciation Tolephone & broadband 29,815 31,077 42,118 23,092 25,899 15,3(Xl 7,646 5,774 Professlonal fees (note S.11 Tultlon & supply teachlng WVKes IT servlce5 and software 26,910 5,872 8,608 7,375 19,130 26,989 School inspection and other partnership costs Other cost5 23.727 15,078 36,588 27,037 Provlsion for bad and doubtful debts 42,840 Total 1,347,508 1,084,573 Analysis of governance and support costs Wlthin professional fees there are accountancy fee5 of £4,404 whl¢h are classlfied as governance costs, all other expenditure incurred is treated as support costs. 21
Paradise RIDA School Trust Ltd Notes to the Financial Statements Net Incomingloutgolng resources for the year This is stated after charging: 2024 2023 Audltor fees Independent Examinerfs fee Depreciation 1,000 25,899 15,300 Trustees remuneratlon and Èxpense5 Durin8 the year Afsana Patel, a trtjstee, wa5 paid a salary of £16,100 in respect of her duties as he3dteachÈ 12023: É12,0001. No other trustee5 have received any benefits from the challty durlng the ye3r £nil12023: Enill. Durlng the year. the charliy paid no travel expenses on behalf of the Trustees.12023- Énlll. Staff costs Durlng the year, the average monthly hÈadcount employed by the Charity was 9512023.. 511. The aggregate payroll costs were as follows: Staff costs durlng the year were: 2024 2023 Wages Soclal Securlly Costs Employer contrlbution5 lo pension Other staff costs 917,920 795,070 32,618 2S,404 2,687 3,705 3,503 2,097 956,728 826,276 No employee recelved emoluments of more than £60,OW durlne the year, or in the previous yeaT.
Paradise RIDA School Trust Ltd Notès to the Financial Statements Tanglble flxed assets Leasehold Property Olfice Equipment Equlpment Total As Restated Cost or voluation At I September 137.609 50,33S 21,683 209,627 Additlons 40.336 4,984 13.090 58,410 At 31 Au8USt 2024 177,945 55.319 34,733 267,997 Accumulated Depreciatlon At I September 2023 82,565 45,284 12,705 140,554 Charge for the year 13.572 5.174 7.153 25,899 At 31 August 2024 96.137 SO.458 19,858 166,453 Net book value At 31 August 2024 81,808 4,861 14,915 101,543 At 31 Augvst 2023 55,044 5,051 8,978 69.073 io. Debtors 2024 2023 Trade debtors 36,952 3,102 Prepayment5 & Accrued Income 19,314 14,233 Other debtors 23,525 30,250 Total 79.791 47,585 23
Paradise RIDA School Trust Ltd Notes to the FinaTKlal Statements ii. Creditors: amounts falling due withln one year 2024 2023 Trade treditor5 54,541 67,051 Social securlty and other taxes 4,650 3,585 Other creditors 6,650 1,765 Accruals & deferred Income 87.451 SS,322 Loans 20,000 173,292 127.723 12. Credltois., amounts falllng due aftei one year 2024 2023 Loans 61,500 40,000 13. Charlty Status The Charity is a charity limited by guarantee and consequently does not have share capital. The Charitv currently has eleven members, each of whom is liable to contrlbute an amount not exceeding £10 towards the assets of the Charity in the event ol liquldalion. 14. Movement In Funds Currenl year Unrestrlcted lunds General funds 8alance èt I September 2023 146,7201 IncomlnB resources 1.358,616 Outgoing resources 11,347,508) Balance at 31 August 2024 135,612) 24
Paradise RIDA School Trust Ltd Notes to the Fin3naal Statements Prior year Unrestrlcted funds General funds balance at I September 2022 las previously slated) 140,877 Prlor year adlustment 177,0611 I September 20221as restated) 63,816 IncominB resources 974,037 Outgolng resources 11,084,573> Balance at 31 August 2023 {46.7201 The specific purposes for which the funds are to be applied are as follows.. Unrestricted funds are income from charitable activitSes and donatlons provided for support of the charitv, without restrlction on how funds should be deployed. 15. Analysls of net 85sets between funds Unrestrl¢ted Funds 2024 Unrestrlcted Funds 2023 Flxed assets 101.543 69,073 Current assets 97.637 51,930 Current Ilabillties 1173,2921 1127,7231 Long term liabllirles 161,51xII I40.0) Total net Illabllltlesl l asséts (35.6121 (46.7201 25
Paradise RIDA School Trust Ltd Notes to the Financial Statements 16. Related partytransartkons During ihe year, the entlty entered into tran53Ctions with related partles. These transactlons were condutted on an arm'5 length ba515 and in the ordinary course of busine55. Nature of Transactlon: During the year, a temporary loan was provided to Paradise RIDA. Partles Involved: The loan was provided by Yasir Patel, a trustee of the entity. Flnancial Impact: The maximum loan balance with this related party during the year wa5 £61,50012023: £40,000). As of 31 August 2024, the outstanding amount owed to Ya5ir Patel was £61.50012023: E9,0001. The amounts are shown wlthin creditors amounts falling due after one year. The loan wa5 provlded on an Interest-free and unsecured basls and was largely repald durlng FY2025. The loan arrangement was reviewed and approved in accordance wlth the entity's governance policles, Nature ol Transa¢tlon'. Utllisation of Trust premlses Parties.. Involved: Entities In which the trustee, Y3slr Patel hold5 3 beneficlal interest have utlllsed the premises of the trust to conduct thlrd party busine55. Flnanclal Impact; Trustees are currently negotlatin8 the renlal ihal should be payable to the Trust as a consequence of this use. The arranEements were reviewed and approved In accordance with the entity's governance pollcles. Nature of Transactlon: During the year, a temporory loan was provided to Paradise RIDA. Partles Involved.. The loan wa5 provided by Little Wonders (Early Years) Llmited. a tompany In which the trustee Yasir Patel holds B beneficlzl interest. Financlal Impart.. The maximum loan baSance with thls related party during the yèar was £20,000 {2023: £NII,l. As of 31 Augu51 2024. the out51andin£ amount owed to Yasir Patel was £20,W {2023: £Nill. The amount Is shown wlthin creditors amount5 fallin8 due wlth one year. The108n was provided on an interest-free and unsecured bas15 and was fully repaid In September 2024. The loan arrangemenl was reviewed and approved in accordance with the entity's governance policies. 26
Paradise RIDA School Trt Ltd Notes to the Financial Statements DurinB the year, the entity engaged in transactions with related partle5 on significèntly discounted Commercial teims and extended payment periods. While these arrangements were not conducted on an arm's length basis, they were favotjrable to Paradise RIDA Nature of Transa¢tlon: Provision of tuition services Partles: Involved: The entity providing these selvices wa5 Brilli3nr Mind5 (Learning Centresl Limited, a company in which the trustee Yasir Patel holds a benèficial interest. Flnanclal Impact: The total value of transactions with this related party durlnB the year amounted to £14,90512023'. £11,325). As of 31"August 2024, the outstandln8 balances with this related party was £MIL payable12023= £7,375). The transactions were made under heavily discounted commercial terms to Paradise RIDA and on extended settlement. The arrangements were reviewed and approved in accordance wlth the entilvs governance policles. Nature of Transaction: Provision af Education consultancy services Parties: Involved: The entity providin8 these servlces was Educating EXCeller Limlted, a company In whlch the trustee Yasir Patel holds a beneficial Interest Financlal Impact.. The total value of transactlons with thi5 related party during the year amounted to £22.88012023.. £NIII. As of 31"August 2024, the outstandlng balènces wlth this related party was £15,68012023.. £NIII. The transactions were ma(le under heavily discounted commercial terrns to Paradise RIDA and on extended settlement. The arrangements were reviewed and approved in accordance wlth the entltVs governance policles. 27