REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 May 2024 |
for |
Paradventures |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 May 2024 |
for |
Paradventures |
Paradventures |
Contents of the Financial Statements |
for the Year Ended 31 May 2024 |
Page |
Report of the Trustees | 1 | to | 2 |
Independent Examiner's Report | 3 |
Statement of Financial Activities | 4 |
Balance Sheet | 5 | to | 6 |
Notes to the Financial Statements | 7 | to | 11 |
Paradventures (Registered number: SC472169) |
Report of the Trustees |
for the Year Ended 31 May 2024 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2024. The trustees have adopted the provisions of 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). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
To provide recreational facilities and organise recreational activities with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended in particular through the provision of residential and outdoor experiences for disable people. To promote the health and well-being of disabled people regardless of age, ethnic origin, ability, sex, belief or political affiliation. |
Significant activities |
Expedition work has continued, and we have supported this work through financing trips involving youngsters with additional support needs. These vary from residential to day trips. We have been inspected by AALA, Adventure Activities Licencing Authority, and been granted a 3 year licence. |
- Work is being carried out to build on the program of Curriculum for Excellence, Duke of Edinburgh Expedition delivery with thoughts to include John Muir Award. |
- There were fundraisers and donations. All income through grants, fundraisers and donations are detailed in the financial accounts. |
- Training of staff has continued with work continuing with our Technical Advisor - Stuart Johnston MIC. |
- Our Adventure Activities Licence continues for the 20 months. |
FUTURE PLANS |
The Trustees are striving to continue to provide Adventures for Disabled People. The plan is to become more financially self-sufficient through trading by Paradventures Support Limited. |
All the trips undertaken have greatly increased self-esteem, self-confidence and engagement in the communities that the participants live in. These programs will grow and more locations and activities are being developed. |
All activities and governance will continue to be directed through tight control by the Trustees. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The charity is controlled by it's governing document, Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. |
Recruitment and appointment of new trustees |
This is done in accordance with the Articles of Association. |
Related parties |
The charity contracts with Paradventures Support Ltd, a limited company which supplies the charity with expertise in the activities of the charity. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Paradventures (Registered number: SC472169) |
Report of the Trustees |
for the Year Ended 31 May 2024 |
Registered office |
Trustees |
Independent Examiner |
ICW Accountancy Ltd |
15 St Leonard Street |
Lanark |
Lanarkshire |
ML11 7AB |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
Paradventures |
Independent examiner's report to the trustees of Paradventures ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 May 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
Isabella B Christie FCCA |
The Association of Chartered Certified Accountants |
ICW Accountancy Ltd |
15 St Leonard Street |
Lanark |
Lanarkshire |
ML11 7AB |
Date: ............................................. |
Paradventures |
Statement of Financial Activities |
for the Year Ended 31 May 2024 |
31.5.24 | 31.5.23 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Other | ( |
) | ( |
) |
Total |
NET INCOME/(EXPENDITURE) | ( |
) |
Transfers between funds | 8 | 8,348 | (8,348 | ) | - | - |
Net movement in funds | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 13,111 |
Paradventures (Registered number: SC472169) |
Balance Sheet |
31 May 2024 |
31.5.24 | 31.5.23 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 8 |
Unrestricted funds | 4,763 |
Restricted funds | 8,348 |
TOTAL FUNDS | 20,747 | 13,111 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
Paradventures (Registered number: SC472169) |
Balance Sheet - continued |
31 May 2024 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
Paradventures |
Notes to the Financial Statements |
for the Year Ended 31 May 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Plant and machinery | - |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
2. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.5.24 | 31.5.23 |
£ | £ |
Depreciation - owned assets | ( |
) |
Paradventures |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
3. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 May 2024 nor for the year ended 31 May 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023. |
4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
EXPENDITURE ON |
Other |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 10,295 | 8,348 |
TOTAL FUNDS CARRIED FORWARD | 4,763 | 8,348 | 13,111 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
At 1 June 2023 and 31 May 2024 |
DEPRECIATION |
At 1 June 2023 |
Charge for year | ( |
) |
At 31 May 2024 |
NET BOOK VALUE |
At 31 May 2024 |
At 31 May 2023 |
Paradventures |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.24 | 31.5.23 |
£ | £ |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.5.24 | 31.5.23 |
£ | £ |
Accruals and deferred income |
Accrued expenses |
8. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.6.23 | in funds | funds | 31.5.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 4,763 | 7,636 | 8,348 | 20,747 |
Restricted funds |
Restricted Fund | 400 | - | (400 | ) | - |
Dale Trust Fund | 1,394 | - | (1,394 | ) | - |
Lanark Round Table Fund | 500 | - | (500 | ) | - |
Awards For All | 6 | - | (6 | ) | - |
SSE Fund | 982 | - | (982 | ) | - |
Share Scotia Fund | 4,666 | - | (4,666 | ) | - |
Green Health Activities | 400 | - | (400 | ) | - |
- | ( |
) |
TOTAL FUNDS | 7,636 | 20,747 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 13,649 | (6,013 | ) | 7,636 |
Restricted funds |
South Lanarkshire Council Bike Repairs | 10,000 | (10,000 | ) | - |
TOTAL FUNDS | ( |
) | 7,636 |
Paradventures |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
8. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.6.22 | in funds | 31.5.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 10,295 | (5,532 | ) | 4,763 |
Restricted funds |
Restricted Fund | 400 | - | 400 |
Dale Trust Fund | 1,394 | - | 1,394 |
Lanark Round Table Fund | 500 | - | 500 |
Awards For All | 6 | - | 6 |
SSE Fund | 982 | - | 982 |
Share Scotia Fund | 4,666 | - | 4,666 |
Green Health Activities | 400 | - | 400 |
8,348 | - | 8,348 |
TOTAL FUNDS | 18,643 | (5,532 | ) | 13,111 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 1,000 | (6,532 | ) | (5,532 | ) |
TOTAL FUNDS | 1,000 | (6,532 | ) | (5,532 | ) |
A current year 12 months and prior year 12 months combined position is as follows: |
Net | Transfers |
movement | between | At |
At 1.6.22 | in funds | funds | 31.5.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 10,295 | 2,104 | 8,348 | 20,747 |
Restricted funds |
Restricted Fund | 400 | - | (400 | ) | - |
Dale Trust Fund | 1,394 | - | (1,394 | ) | - |
Lanark Round Table Fund | 500 | - | (500 | ) | - |
Awards For All | 6 | - | (6 | ) | - |
SSE Fund | 982 | - | (982 | ) | - |
Share Scotia Fund | 4,666 | - | (4,666 | ) | - |
Green Health Activities | 400 | - | (400 | ) | - |
8,348 | - | (8,348 | ) | - |
TOTAL FUNDS | 18,643 | 2,104 | - | 20,747 |
Paradventures |
Notes to the Financial Statements - continued |
for the Year Ended 31 May 2024 |
8. | MOVEMENT IN FUNDS - continued |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 14,649 | (12,545 | ) | 2,104 |
Restricted funds |
South Lanarkshire Council Bike Repairs | 10,000 | (10,000 | ) | - |
TOTAL FUNDS | 24,649 | (22,545 | ) | 2,104 |
9. | RELATED PARTY DISCLOSURES |
Throughout the year the charity subcontracted the services of Paradventures Support Ltd, a subsidiary company, to the value of £5,000 (2023: £nil). |