Registered Charity Number :- 1175916
PARADISE 4 KIDS
TRUSTEES’ REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR END 31 March 2023
PARADISE 4 KIDS
CONTENTS
FOR THE YEAR ENDED 31 March 2023
TRUSTEES' REPORT ....................................................................................................................................................... 3 INDEPENDENT EXAMINER'S REPORT ....................................................................................................................... 4 STATEMENT OF FINANCIAL ACTIVITIES ................................................................................................................ 5 BALANCE SHEET ........................................................................................................................................................... 6 NOTES TO THE FINANCIAL STATEMENTS .............................................................................................................. 7
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PARADISE 4 KIDS
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 March 2023
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
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PARADISE 4 KIDS
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 March 2023
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
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PARADISE 4 KIDS
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 March 2023
| 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 2023 £ Total Funds 2022 £ 14,947.52 14,947.52 14,968.85 |
|---|---|
| 14,947.52 14,947.52 14,968.85 |
|
| 16,303.92 16,303.92 10,736.98 1,440.43 1,440.43 1,233.57 |
|
| 17,744.35 17,744.35 11,970.55 |
|
| (2,796.83) (2,796.83) 2,998.30 |
|
| (2,796.83) (2,796.83) 2,998.30 12,362.30 12,362.30 9,364.00 |
|
| 9,565.47 9,565.47 12,362.30 |
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PARADISE 4 KIDS
BALANCE SHEET
FOR THE YEAR ENDED 31 March 2023
| 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 2023 £ Total Funds 2022 £ 10,405.15 10,405.15 12,961.98 10,405.15 10,405.15 12,961.98 840.00 840.00 600.00 9,565.15 9,565.15 12,361.98 |
|---|---|
| 9,565.15 9,565.15 12,361.98 |
|
| 9,565.47 9,565.47 12,362.30 - - - - |
|
| 9,565.47 9,565.47 12,362.30 |
The financial statements were approved by the Board on …………………………..and signed on its behalf by:
…………………………………….
Mr George Tsiappourdhi Chairman of Trustees
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PARADISE 4 KIDS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
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 £ 14,947.52 14,947.52 |
Total funds 2023 £ 14,947.52 14,947.52 |
Total funds 2022 £ 14,968.85 |
|---|---|---|---|
| 14,968.85 |
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PARADISE 4 KIDS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
3 Expenditure on Charitable Activities
| Analysis Bank charges Charity running cost Donations Telephone and Internet Support Costs 4 Support Costs Analysis Governance Costs Accountants fees 5 Other Expenditure Analysis Travel and Subsistence 6 Cash at bank and in hand |
Unrestricted funds £ 1,440.43 1,440.43 |
Total funds 2023 £ 264.00 346.92 15,263.00 190.00 240.00 16,303.92 Total funds 2023 £ 240.00 240.00 Total funds 2023 £ 1,440.43 1,440.43 |
Total funds 2022 £ 251.98 - 10,245.00 - 240.00 |
|
|---|---|---|---|---|
10,736.98 |
||||
| Total funds 2022 £ 240.00 240.00 |
||||
| Total funds 2022 £ 1,233.57 |
||||
| 1,233.57 | ||||
| ash at bank and in hand | ||
|---|---|---|
| Cash at bank and on hand Other |
Total funds 2023 £ 10,395.15 10.00 10,405.15 |
Total funds 2022 £ 12,951.98 10.00 |
12,961.98 |
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PARADISE 4 KIDS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
7 Creditors: Amounts falling due within one year
| Trade creditors | Total funds 2023 £ 840.00 840.00 |
Total funds 2022 £ 600.00 |
|---|---|---|
| 600.00 |
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PARADISE 4 KIDS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
8 Charity funds
8.1 Details of material funds held and movements during the CURRENT reporting period
| Fund | Fund | ||||
|---|---|---|---|---|---|
| Fund names balances brought |
Income | Expenditure | Transfers | Gains and losses |
balances carried |
| forward | forward | ||||
| £ | £ | £ | £ | £ | £ |
| Unrestricted | |||||
| funds | |||||
| Unrestricted General Funds 12,362.30 |
14,947.52 | (17,744.35) | - | - | 9,565.47 |
| Total 12,362.30 |
14,947.52 | (17,744.35) | - | - | 9,565.47 |
| tails of material funds held and | movements | during the PREVIOUS reporting period | |||
| Fund | Fund | ||||
| Fund names balances brought |
Income | Expenditure | Transfers | Gains and losses |
balances carried |
| forward | forward | ||||
| £ | £ | £ | £ | £ | £ |
| Unrestricted | |||||
| funds | |||||
| Unrestricted General Funds 9,364.00 |
14,968.85 | (11,970.55) | - | - | 12,362.30 |
| Total 9,364.00 |
14,968.85 | (11,970.55) | - | - | 12,362.30 |
8.2 Details of material funds held and movements during the PREVIOUS reporting period
8.3 Transfers between funds This Year
Amount £ Between unrestricted and restricted funds - Between endowment and restricted funds - Between endowment and unrestricted funds -
Last Year
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PARADISE 4 KIDS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
| Amount | ||
|---|---|---|
| £ | ||
| Between unrestricted and restricted funds | - | |
| Between endowment and restricted funds | - | |
| Between endowment and unrestricted funds | - |
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