Registered Charity Number :- 1175916
## PARADISE 4 KIDS
## TRUSTEES’ REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR END 31 March 2022
## **PARADISE 4 KIDS**
## **CONTENTS**
FOR THE YEAR ENDED 31 March 2022
TRUSTEES' REPORT ....................................................................................................................................................... 3 INDEPENDENT EXAMINER'S REPORT ....................................................................................................................... 4 STATEMENT OF FINANCIAL ACTIVITIES ................................................................................................................ 5 BALANCE SHEET ........................................................................................................................................................... 6 NOTES TO THE FINANCIAL STATEMENTS .............................................................................................................. 7
2
## **PARADISE 4 KIDS**
## **TRUSTEES' REPORT**
FOR THE YEAR ENDED 31 March 2022
I approve the accounts which comprise of the Income and Expenditure Account, the Balance Sheet and the related notes. I acknowledge my responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in the note 1, and for providing Marneros Marcus & Co. with all the information and explanations necessary for their compilation.
………………………….
Mr George Tsiappourdhi
3
## **PARADISE 4 KIDS**
## **INDEPENDENT EXAMINER'S REPORT**
FOR THE YEAR ENDED 31 March 2022
You have approved the accounts for the year ended 31 March 2022 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes. In accordance with your instructions, we have compiled these unaudited accounts from the accounting records and information and explanations supplied to us.
Marneros Marcus & Co Chartered Certified Accountants First Floor, Hagley Court 40 Vicarage Road, Edgbaston Birmingham West Midlands B15 3EZ
4
**PARADISE 4 KIDS**
**STATEMENT OF FINANCIAL ACTIVITIES**
FOR THE YEAR ENDED 31 March 2022
|**Recommended categories by**
**activity**
**Notes**
**Income and endowments from:**
Donations and legacies
2
**Total**
**Expenditure on:**
Charitable activities
3
Other
5
**Total**
**Net income/(expenditure)**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted funds**
**£**
**Total Funds 2022**
**£**
14,968.85
14,968.85|
|---|---|
||**14,968.85**
**14,968.85**|
||10,736.98
10,736.98
1,233.57
1,233.57|
||**11,970.55**
**11,970.55**|
||**2,998.30**
**2,998.30**|
||**2,998.30**
**2,998.30**
9,363.68
9,363.68|
||**12,361.98**
**12,361.98**|
5
**PARADISE 4 KIDS**
## **BALANCE SHEET**
FOR THE YEAR ENDED 31 March 2022
|**Recommended categories by**
**activity**
**Notes**
Current assets
Cash at bank and in hand
6
**Total current assets**
Creditors: amounts falling due within
one year
7
**Net current assets/(liabilities)**
**Total net assets or liabilities**
**Funds of the Charity**
Unrestricted funds
8
Restricted income funds
8
Endowment funds
8
**Total funds**|**Unrestricted funds**
**£**
**Total Funds 2022**
**£**
12,961.98
12,961.98
**12,961.98**
**12,961.98**
600.00
600.00
**12,361.98**
**12,361.98**|
|---|---|
||**12,361.98**
**12,361.98**|
||12,361.98
12,361.98
-
-|
||**12,361.98**
**12,361.98**|
The financial statements were approved by the Board on …………………………and signed on its behalf by:
………………………………. Mr George Tsiappourdhi Chairman of Trustees
6
**PARADISE 4 KIDS**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 March 2022
## **1 Accounting Policies**
## **1.1 Accounting Policies**
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
## **1.2 Basis of preparation**
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
## **1.3 Going concern**
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
## **2 Income from Donations and Legacies**
|**Analysis**
Donation and gifts|**Unrestricted**
**funds**
**£**
14,968.85
14,968.85|**Total**
**funds 2022**
**£**
14,968.85|
|---|---|---|
|||
14,968.85|
7
**PARADISE 4 KIDS**
## **NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 March 2022
## **3 Expenditure on Charitable Activities**
|**Analysis**
Bank charges
Donations
Support Costs|**Total**
**funds 2022**
**£**
251.98
10,245.00
240.00|
|---|---|
||10,736.98|
## **4 Support Costs**
|**Analysis**
**Governance Costs**
Accountants fees|**Total**
**funds 2022**
**£**
240.00|
|---|---|
||**240.00**|
## **5 Other Expenditure**
|**Analysis**
Travel and Subsistence|**Unrestricted**
**funds**
**£**
1,233.57
1,233.57|**Total**
**funds 2022**
**£**
1,233.57
1,233.57|
|---|---|---|
## **6 Cash at bank and in hand**
|Cash at bank and on hand
Other|**Total funds**
**2022**
**£**
12,951.98
10.00|
|---|---|
||12,961.98|
8
**PARADISE 4 KIDS**
**NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 March 2022
## **7 Creditors: Amounts falling due within one year**
|**reditors: Amounts falling due within one year**||
|---|---|
|Trade creditors|**Total funds**
**2022**
**£**
600.00|
||600.00|
## **8 Charity funds**
## **8.1 Details of material funds held and movements during the CURRENT reporting period**
|**Fund names**
**Unrestricted**
**funds**
**Unrestricted**
**General Funds**
**Total**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**|
|---|---|
||9,364.00
14,968.85
(11,970.55)
-
-
12,362.30|
||9,364.00
14,968.85
(11,970.55)
-
-
12,362.30|
## **8.2 Transfers between funds This Year**
**Amount £** Between unrestricted and restricted funds - Between endowment and restricted funds - Between endowment and unrestricted funds -
9