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 2 ## **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 3 ## **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 4 ## **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**| 5 ## **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 6 **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| 7 **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| 8 **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| 9 **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** 10 **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||-| 11