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REGISTERED COMPANY NUMBER: SC472169 (Scotland)
REGISTERED CHARITY NUMBER: SC044941














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
SC472169 (Scotland)

Registered Charity number
SC044941


Paradventures (Registered number: SC472169)

Report of the Trustees
for the Year Ended 31 May 2024

Registered office
20 Ladyacre Road
Lanark
Lanarkshire
ML11 7LQ

Trustees
G J McGregor Director/Trustee
G MacDonald Recruitment Consultant
R C McCann Financial Controller
N Rooney Director/Trustee
R D D Weir Management Accountant

Independent Examiner
ICW Accountancy Ltd
15 St Leonard Street
Lanark
Lanarkshire
ML11 7AB

Approved by order of the board of trustees on 26 February 2025 and signed on its behalf by:





G J McGregor - Trustee

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 13,649 10,000 23,649 1,000

EXPENDITURE ON
Raising funds 2,344 10,000 12,344 -

Charitable activities
Hill climbing 5,000 - 5,000 -

Other (1,331 ) - (1,331 ) 6,532
Total 6,013 10,000 16,013 6,532

NET INCOME/(EXPENDITURE) 7,636 - 7,636 (5,532 )
Transfers between funds 8 8,348 (8,348 ) - -
Net movement in funds 15,984 (8,348 ) 7,636 (5,532 )

RECONCILIATION OF FUNDS
Total funds brought forward 4,763 8,348 13,111 18,643

TOTAL FUNDS CARRIED FORWARD 20,747 - 20,747 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 1,580 - 1,580 91

CURRENT ASSETS
Debtors 6 1,025 - 1,025 980
Cash at bank 19,784 - 19,784 14,682
20,809 - 20,809 15,662

CREDITORS
Amounts falling due within one year 7 (1,642 ) - (1,642 ) (2,642 )

NET CURRENT ASSETS 19,167 - 19,167 13,020

TOTAL ASSETS LESS CURRENT
LIABILITIES

20,747

-

20,747

13,111

NET ASSETS 20,747 - 20,747 13,111
FUNDS 8
Unrestricted funds 20,747 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 26 February 2025 and were signed on its behalf by:





G J McGregor - Trustee

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 - 20% on cost

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 (1,489 ) 4,531


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 1,000 - 1,000

EXPENDITURE ON


Other 6,532 - 6,532

NET INCOME/(EXPENDITURE) (5,532 ) - (5,532 )


RECONCILIATION OF FUNDS
Total funds brought forward 10,295 8,348 18,643

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 26,072
DEPRECIATION
At 1 June 2023 25,981
Charge for year (1,489 )
At 31 May 2024 24,492
NET BOOK VALUE
At 31 May 2024 1,580
At 31 May 2023 91


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 1,025 980

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Accruals and deferred income 1,252 2,252
Accrued expenses 390 390
1,642 2,642

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 ) -
8,348 - (8,348 ) -
TOTAL FUNDS 13,111 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 23,649 (16,013 ) 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).