PARA GROUP FOUNDATION Charity number 1210482
Trustees’ Annual Report and Accounts
For the period 15 October 2024 to 30 September 2025
Reference and administrative details
| Para Group Foundation | |
|---|---|
| Charity name | |
| 1210482 | |
| Charity number | |
| Charitable Incorporated Organisation–Foundation model | |
| Legal form | |
| 15 October 2024 | |
| Registered on | |
| 6–11 Riley Street, Willenhall, WV13 1RH | |
| Principal address | |
| 15 October 2024 to 30 September 2025 | |
| Reporting period | |
Trustees
| Trustee | Role |
| Dr Rekesh Corepal | Chair |
| Pavan Kumar Sharma | Trustee |
| Anita Sharma | Trustee |
Structure, governance and management
Para Group Foundation is a Foundation Charitable Incorporated Organisation registered with the Charity Commission on 15 October 2024. It is governed by its constitution. The charity trustees are also the members of the CIO. Trustees are appointed and decisions are made in accordance with the constitution.
PARA GROUP FOUNDATION | Charity number 1210482 | Page 1
Objectives and activities
The charity exists to advance charitable purposes selected by the trustees, with a particular focus on relieving need arising from special educational needs and disability. Its intended principal method is to make grants and awards to eligible individuals and charitable organisations working towards those aims.
The trustees have considered the Charity Commission’s guidance on public benefit when reviewing the charity’s purposes and plans.
Activities, achievements and performance
This was the charity’s first reporting period. The charity remained inactive throughout the period. It did not fundraise, receive donations, award grants, provide services, employ staff or engage contractors. No beneficiaries were supported during the period.
The charity used the address of Para Group Holdings Ltd for correspondence without a lease and without charge. This arrangement created no asset or liability for the charity.
Financial review
The charity received no income and incurred no spending during the period. At 30 September 2025, it had no cash, other assets, liabilities, restricted funds or endowment funds.
No trustee received remuneration, benefits or reimbursement of expenses from the charity.
The charity held no reserves at the period end. A financial reserves policy was adopted on 6 January 2025. While the charity remained inactive and held no funds or financial commitments, the trustees considered nil reserves position appropriate. The policy will be reviewed before the charity begins receiving funds, entering financial commitments or awarding grants.
Risk management and safeguarding
The charity had proportionate financial control, safeguarding, risk management, conflicts of interest and grant-making policies and procedures in place during the period. No charitable activities involving children, young people or adults at risk took place. The trustees agreed that these arrangements would be reviewed and updated before the charity commenced grant-making or worked directly with beneficiaries.
Plans for the next period
Before accepting donations or awarding grants, the trustees will review and, where necessary, update the charity’s approved governance policies, grant assessment and monitoring arrangements, financial controls and record-keeping systems.
Trustees’ approval
The trustees approved this annual report on 1 July 2026 and authorised it to be signed on their behalf.
PARA GROUP FOUNDATION | Charity number 1210482 | Page 2
SIGN
Signature: Date: 1 July 2026 Name: Dr Rekesh Corepal, Chair
Receipts and payments account
For the period 15 October 2024 to 30 September 2025
| Receipts and payments | Unrestricted funds £ |
Restricted funds £ |
Endowment funds £ |
Total funds £ |
|---|---|---|---|---|
| Receipts | ||||
| Donations, grants and legacies | 0 | 0 | 0 | 0 |
| Charitable activity income | 0 | 0 | 0 | 0 |
| Investment income and bank interest | 0 | 0 | 0 | 0 |
| Other receipts | 0 | 0 | 0 | 0 |
| Total receipts | 0 | 0 | 0 | 0 |
| Payments | ||||
| Grants paid | 0 | 0 | 0 | 0 |
| Charitable activity costs | 0 | 0 | 0 | 0 |
| Governance and administration costs | 0 | 0 | 0 | 0 |
| Bank charges and other payments | 0 | 0 | 0 | 0 |
| Total payments | 0 | 0 | 0 | 0 |
| Net receipts / (payments) | 0 | 0 | 0 | 0 |
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| Cash funds brought forward | 0 | 0 | 0 | 0 |
| Cash funds carried forward | 0 | 0 | 0 | 0 |
Statement of assets and liabilities
As of 30 September 2025
| Category | Details | Amount £ |
|---|---|---|
| Cash funds | Cash at bank and in hand | 0 |
| Other monetary assets | None | 0 |
| Investment assets | None | 0 |
| Assets retained for the charity’s own use | None | 0 |
| Liabilities | None | 0 |
Notes to the accounts
1. Basis of preparation
The accounts have been prepared on the receipts and payments basis under the Charities Act 2011. They record cash received and cash paid during the reporting period.
2. Funds
The charity held no restricted funds or endowment funds during the period.
3. Trustee payments and expenses
No trustee received remuneration, benefits or reimbursement of expenses during the period.
4. Donated correspondence facility
The charity used the address of Para Group Holdings Ltd for correspondence without charge. No lease, payment or liability arose.
5. Guarantees
The CIO had not given any guarantee for which a potential liability was outstanding at 30 September 2025.
6. Secured debts
The CIO had no outstanding debt secured by an express charge over any of its assets at 30 September 2025.
Accounts approval
The trustees approved these accounts on 1 July 2026 and authorised them to be signed on their behalf.
PARA GROUP FOUNDATION | Charity number 1210482 | Page 4
SIGN
Signature: Date: 1 July 2026 Name: Dr Rekesh Corepal, Chair
PARA GROUP FOUNDATION | Charity number 1210482 | Page 5