Company registration number 03867657 (England and Wales) Charity rgglstratlon number 1078467 {England and Wales) THE PHOENIX CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
THE PHOENIX CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trusttrs Mr J Brown Mrs L Jc¥)es Mrs C McEwan Mrs J Marsh Mrs C Home (Appointed 15 January 2025) County of incorporallon United Klngdom IEngLqnd and Wales) 03867657 Charfty reglgtration England and Wdles 1078467 Reglgter•d offlce Bamett Lane Wordsley Stourbridge Wost Midlands DY8 SPY Independent 8xamlner BK Plus Limited Churchfield House 36 Vicar Street Dudley West Midland$ England DY2 8RG Accountants BK Plus Limited Churchfield House 36 Wcar Slregt Dudloy Wesl Midlands England DY2 8RG Bankors Metro Bank Mery Hill Branch 50 Two Woods Lane Brierfey Hlll st Midlands DY5 1TA
THE PHOENIX CENTRE CONTENTS Page Trustees report Statement of Trustees responsibilities Independent examlnerfs report St*ement of financial acliviiies Balance sheet Notes to the financial statements 9-17
THE PHOENIX CENTRE TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 The trustees, who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the financ*al statement5 for the year ended 31 August 2025. The Iruslges have adopted the provigons of the Statement of Recommended Practice ISORPI 'Accounling 8nd Reporb'ng by Charities IFRS 1021" in preparing the annual report and financial statements of the charity. The finanaal ststemenls have been prepared in accordance with the accounting policies set out in note 1 to the finanaal statements and comply wllh the charity's goveming document, the Companies Act 2008 and "Accounting and Reporting by Chorities. Slalemenl of Recommended Practice appIable to charities preparing their accounts in accordance wth the Financial Reporting Stsndard apICable in the UK and Republ of Ireland IFRS 1021" (effective 1 January 20191. Structure. Govemanco and Management The charity is a tharitable cOmpY limited by guarantee and was set up 28 October 1999 and its eompany regislr8tK)n number is 03867657. 11 is governed by a Memorandum and Articles of Assoaation., its Otlects are lo advance the education of young children with learning difficulties andlor disabilities. The directors of the Charitable company are its trustees for the purposes of charity law. The trustees are appointed by the Board of Trustees and serve for three years after which they may put themselves forward for re-appointment at the Annual General Meeting. At the regular trustees, meetings, the trustees agree the broad slratsgy and areas of activity for the trust including reserves and risk management policies and performance. Prospective trustees are idenlifigj from parents of children using the service and through Dudley CVS who can $igr¢posl prospective trustees lo the Board for initial consideration. All prospective trustee8 meet the Board prior to appointment to discuss their POS8ible future role. Enhanced data barring ched(s are undertaken prfor lo accepting appointment and a Code of Conduct is signed on appointment by each trustee. As al 31 August 2025 there are six Iruslees in place who are able to effectively manage the Charty. H¢)wever, another positions available to interested parties, be they parents, guardlans or other appropriate members of the community, %thich is still proving a challenge to fill. In lemis of govemance compliance, the minimum living wage and work place pensions are specific issues that the trustees continually monitor. In relatn lo pensions the implementation of the NEST Pension Scheme has gona well and during this year., the lowest hourly rale was increased in April 2025 10 £12.25 and in line wth legislation would continue lo be increased in 8 phased manner during April over the forthcoming years lo ensure that we retained oijr valued staff. Day to day administration of the charty is carried out by a Centre Manager who 18 employed by Oudley MBC. with key mattets being drawn to the attenbon of the Chair crf Tru51ees for consideration and discussion with other trustee5 as required, either al the regular trustees meetings or by dired contact in befvn the same. Trustees The Iruslees, who are also the directors for the purpc6e of company law, and who seThed during theyear and up to the date of signature of the financlal statements were-. Mr J Brown Mrs L Jon¢s Mrs C McEwan Mrs LAshfield Iresigned 14 July 2005) Mrs J Marsh Mrs S Slaves (resigned 18 November 2025) Mrs C Home lappoinled 15 January 2025)
THE PHOENIX CENTRE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Objectlves and actlvltles Our charity'$ purposes as set out in the objectives contained in the companls Memorandum OfA88latIOn are to.. Provide speck8list support lo advance the education (includlng social and physical training) of the children in the area of benefit up lo the age of 16 years with leaming difficutties andlor disabillties. Enhance the development and education of such children by encouraging parents lo understand and provide for the needs of thèir ehildren and encouraging parents lo tske reSpsibil for and lo become involv&d in the activities by which the objectives are ftjrthered and promoted. Advance Ihe education of such children by enabling them to inleracl wfih their parents and guardlans and th children who do not have any learning drfficulties. The trustees have had regard to the Charity Commissions guidan on public benefit. The charity provides a publlc benefit by: Continuing to provide a speualist prg-school nursery provision for children 2 to 4 years old wth a range of special needs whose familieslguardians reside wth the area of Dudley Metropolitsn Borough Council (DMBCI and beyond. There is limited speciali8t pre-school nufsery provision for children under 4 with disabilities wthin DMBC area arKI as such demand exc¢eds the number of pla¢es available. Making available spaces for up lo a MamuM 0120 children per week from this specific disadvantaged group and engaging with parents and guardians al their homes and wlthln the setting to enable them tr) discuss concerns and educational development of their child. Endeavouring to ensurg that the staff at the Phoenix Centre has the resources and training required to maintain the support and educalional requir8menls of the children in their care. Achlevements and perfomianco On behalf of the trustees, I have to report that 2024125 has in the maln been another positive year for the Phoenix Centre, with staff retention still belng #n ongoing challenge for the charity. One fvll time stsff vacancy from the end of the previous academlc year, along wth the provislon of a fixed term contract to cover the Deputy Managers Post until July 2026, plus new part-lime aftemoon vacancies have proved difficult lo fill. Where necessary temporary stsff have been engaged lo address these staffing shortfalls, with the obvious finanaal implications of doing so. The Trustees are mindful of the impact on staff and children alike,. and il is intended to explore a number of affordable options that the eharity can implement to overcomg these particular issues during 2025128. An annual pay review was undertaken by the trustees and implemented in Aprll 2025 to ensure that all of the pay for the staff was above the minimum worklng wage1£12.25}. The National Employers Savings Trust {NEST) is now in ils ninelh year,. whith wth the assistan of our current payroll provider continues to OP8r*e well. The rrent level of contr1ttIonS remains at 8% ¢omprigng 5% for staff and 30k for the Charity. The balance of the sponsorship fundirKJ provided for this equipment1£1,6021 will remain available as designated funding for the provision of addOnal sensory room equipment that may be required in the future. Maintenance and repair5 Ot the Phoenix Centre are always ongc4ng. During the year120241251 floor, wall c18dding repairs were undertaken, along wrth the provison of heavy-duly rubber mats and associalod ground works at the rear garden emergency exil to prevent animal access to the garden area. The external play area bamboo fencing has also been replaced along with a number of other mlnor works completed.
THE PHOENIX CENTRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Achlevements & Perfomiance {¢ontinuedl Our insurance eover remains wlh Merkel {UKI Ltd., who conJnue lo provide the levels of cover required at competitive premium. In terms of compliance. all Risk and Fire Safety Assessments. induding the annual gas boiler service, fire extinguisher maintenance and PAT testing, have all been undertaken during 2024125. The Disclosure and Baffing Service IDBSI checks for staff, volunteers and trustees have all been updated, including, where appropriate the requirement by Otsled lo regisloT for the automatic DBS renewal scheme. Staff training 1$ up lo date. wth staff completing the required ststutory and refresher training during 2Q24125. Energy ctssls have continued lo rise through the year. Therefore, the Chafity has taken advantage of a fixed price contfftcl with British Gas for both gas and eleclricty, both contracts ending December 2027. 11 is anticipated that both of these contracts have and will continue to proiitde stability regarding current and future energy bills. The intake of the morning groups of children (Tuesday to Friday) has remained at a maximum of 10,. with the intak8 of the afternoon group of children (Monday lo Friday) to a maximum of 5. Both cohorts received 15 hours per week per thild. During 2024125 t)oth cohorts comprised of children with complex need$, with the moming and aftemoon group$ numbering 5 children. At the end of the academic year 120241251 the existing grant agreement irnplemenled betsveeTr the charity and Dudley Eady Yeats will discontinue. This situation has arisen due to the opening of a new school by Dudley MBC in January 2026, with Special Needs provision, al Pens Meadow. DisCUS$lgn$ are, and wll continue lo take pla befv4een the Charity and Dudlèy Early Years lo establish an interim position where the children with special needs that were due to start at Pens Meadow in September 2025 will continue t¢ attend the Phoenix Centre until the end of December 2025. This arrangement will include grant funding of circa £35,000 for the period September to December 2025, to enable the Phoenix Contre lo be able to Tnaintain its staff and provide the resoums requid. The eurrenl Phoenix Centre Managers Post. provKled and funded by Dudley MBC, wll also cease on or about 1 January 2026. This will rgquire the Charity to 8dvertise and fvnd this position as soon as pra¢Xicable lo enable the Phoènix Centre lo ¢ontinue lo operate. This will of course impact on fLrture funding of the Phoenix Cenlre. Nolwithstanding the above, the partnership arrangement during 2024r25 h85 certainly assisted the charity wth the day-toaday operation and fiJnding of the Phoenix Centre. rt from the above grants, other donations were received during the year from Dudley Scouts, AlThe Johnson Estate. Kinver Rotary. In addition, stsff and trustees ran a Halloween stsll during October 2024 as well as a Summer Raffle in May 2025, all of whKh provbded much needed funds for the charity. The collective sum realised from all of these generous donations was £4,579. A positive working partnership h#s been maintained with DMBC Children's Directorate durfng the year, and the Early Years Development and Child Care Team remained a key focus wthin the Phoenix Team., along wth that of all the other agencies involved in 5UPPOrting children and families wthin the Borough. As in previous years l am pleased lo report that the reputation of the continuing and unquestionatle profes%onalism and commitment of the entire Phoenix Centre staff, working closely as a team with Trusle8s. has ensured that the Phoenix Centre has been able to provide some of the best quality educational opportunities and care for young children with disabilities and their families across the Dudley Borough. In spfjte of the challenges that ¥MII undoubtably be presented during the forthcoming year 2025126, it remains clear that the staff and Trustees of the Phoenix Centre are eommrtted to the ongoing operation of the Phoenix Cgnlre as a Charity. and lo ensure posrtive outcomes for cl)ildren with emerging and special needs. In concluding we as the Trustees are proud of the fact that Phoenlx Centre is renowned for the quaily of work and care, and the attention and professionalism of ils stsff continues lo be ackno¥edged by paienls and professionals alike. Our gool as trustses is to continue ensure that thls remains the case for the future
THE PHOENIX CENTRE TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Reserves pollcy The trustees aim to maintain free reserves in unrestricted funds al a level which equates lo appThimalely at least three months of unrestricted charitable expenditure. The Iruslees consider that reserves al this level wll ensure Ihal, in the event of a significant drop in funding, they will be able lo continue the current activities while nsideralion is given to ways in which additional funds may be raised. Three months unreslricled charitable expenditure is currently around £25,000 This level of reserves has easily been maintsined throughout the year. Designated reserve funding of urca £60,000 is deposited in the CCLA account, This represenls the amount require¢y from the policy above and potential additional costs should the charity close suth as statLrtory redurKlancy payments to stsff who are entitled to receive these payments plus one year's additional insurance and any remaining lease costs on the charity's premises, along with any oulslanding utility or contracted payments. The Trustees wish lo stress that they sinCeIY hope that it wll not become necessary lo lake the ultimate and drfficutt course of action to reduce staff hours or indèed make some or all of the st2ff redundant.. but they are mindful of their legal responsibilities lo ensure that the charity does not become financially Ins0ent. Transadlons and financlal position The Slalemenl of Finanryal Activities shows a nel income for the year of £65,783 12024 - £53,634) and total fund balancos at the year end of £205.611 12024 - £139,828>. Within this total fund 8re restriGled reserves of £1,764 12024 - £1,784). The port of the trustees has been prepared in accordance wth special provisions of Part 15 of the CompaniesAct 2006 relating lo small companies and in aCCordare with the Slalement of Recommended Practice {SORP} 'Accounting and Reporting by ch8nts.es {FRS 1021.. The Trustees report was approved by the Board of Trustees. MrJBr Dlr or, Chalr Trust8eS 26 May 2026
THE PHOENIX CENTRE STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST2025 The trustees (who are also directors of The Phoenix Centre for the purposes of MpanY lawl are responsible for prepang the Trustees, Annual Report and the financial statements In accordance ¥Mth applicable law and United Kingdom Accounb'ng Standards Iuniled Kingdom Generally Accepted Accgunling Practlcel. Company law requires Ihe trustees to prepare financial statements for each financial year, thIch give a true and falr ew of the stsle of affairs of the ¢haritsble company and of the incoming resources and application of resources includin9 the income and expenditure, of the tharrtabl(h company for that period. In preparing these financi81 ststements, the trustees are required to.. $glect suitsble accounting policies and then apply them consistenuy., observe the methods and principles in the Chorilies SORP IFRS 1021., make judgements and esb'mates that are reasonable and prudent., slate whether applicable UK Accounting Standarrjs have been followed. subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going eoncem basis unless It is inappropriate lo presume that the charitable company wlll continue in oper8ts0n. The trustees are responslble for keeping adequate accounting records that disclose smth reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the finaneial statements comply wth the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hen for tsking reasonable steps for the prevention and detecllon of fraud and other irregularities. In 80 far as the trustees are aware: the is no relevant ae¢ounting information of whlch the charitsble company's independent examiner is unaware,. and the trustees have taken all steps that they ought lo have taken lo make themselves awar8 of any relevant accountsncy information and to establish that the independent examiner is aware of that information. The Truslegs are responsible for keeping adequate accounting records that disclose with reasonable accuracy al any time the finan¢i81 position of the Funds and enable them to ensure that the financial stslements comply with the Companies Act 20(6. They are also responsible for safeguarding the assets of the Funds and henee for taking reasonable steps for the prevention and detection ol fraud and other irregularllles.
THE PHOENIX CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PHOENIX CENTRE I report to the Tfuslee$ on my oxamination of the financial stslements of The Phoenix C8nlre for the year ended 31 August 2025. Responsibilities and basis of roport As the Twslees of the Fund5 land also its directors for the purposes of company lawl, you are responsible for the preparation of the finanoal statements in accordance wth the requirements of the Companle$ Act 2006 Having satisfied myself that the financial slalemenls of the Funds are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for inllependent examination. I report in respect of my examination of the Funds's financial slalements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl of the ChariliesAct 2011. Independent examlnerfs statement I have completed my examination. I confirm Ihal no matters have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Funds as required by section 386 of the Companies Act 2006. the financial statements (ks not accord with Ihosg records,. or the finanaal statements do not comply wlh the aGcounling requirements of section 396 of the Companies Act 2006 other than any requirement that the financial $tstements give a true and fair view. which is nrt a matter considered as part of an irKlependent examination., or the financial statements have not been prepared in acLordance with the methods and PfincipEes of the Statement of Recommended Practice for accounting arbd reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard apF4ieable in the UK and Republic of Ireland IFRS 1021. I have no coneerns and have eome across no other matters in connection wth the examination lo which attentlon should be drawn in this report in order to enable a proper understsnding of the financial statements to be reached. Claire Jones BK Plus Limited Chartered Certified AccL)unlants Churchfield House 36 Vicar Street Dudley Wesl MidlaTrJs DY2 8RG England Dated.. 26 May 2026
THE PHOENIX CENTRE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricted Restrlcted fund8 funds 2025 2025 Total Unrestrlcted Restrfcted funds funds 2024 2024 Total 2025 2024 Notes In¢omo from: Donations and legacies Charitable aclivilies Investments 4,649 132,162 2,633 4.649 132,162 2.633 4.142 146.993 1.851 4.142 146.993 1.851 Total incorn 139,444 139.444 152,986 152,986 Expendlture on: Ch8ritabl& activities 73,661 73.661 95,001 4,351 99,352 Total expenditure 73,661 73.661 95,001 4,351 99,352 Net incomellexpendliurel and movement In funds 65,783 85,783 57,985 14.3511 53,634 Reconclllatlon of funds: Fund balances at 1 September 2024 138,064 1.764 139,828 80,079 6,115 86,194 Fund balances at 31 August 2025 203.847 1,764 205,611 138,064 1,764 139,828 The statement of financial ath"vilies include8 all gains and losses recognised in the year. Al income and expenditure derive from continuing activities.
THE PHOENIX CENTRE BALANCE SHEET ASAf31 AUGUST2025 2025 2024 Not9S Current assets Debtors Cash at bank and in hand 11 2,982 205,125 2,789 148,977 208,107 151,766 Creditors: arnounts falllng due wlthln one year 12 {2,496) 111,9381 N•t current assets 205,611 139,828 Funds Reslricled income funds Unrestricted funds 16 17 1,764 203,847 1,764 138.064 205,611 139,828 The company is enlilled to the exemption from the audit requirement contsined in section 477 of the Companies Act 2006, for the year ended 31 August 2025. The directors aCknOedge their responsibilities for complying wf(h the requirements of tho Companies Act 2006 with resped lo accounting records and the preparation of financial statements. The members have not required the company to obtain an audll of ils ffinanaal slalements for the year in question in accordan wrth sects"¢)n 476. These financial statements have been prepared in accordan with the prowsions applicable to companies subject to the small companies regime. The fina tements were approved by the Trustees on 26 May 2026 MrJ DI tor. Chalr Trustees
THE PHOENIX CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting pollcles ¢harSty Informatlon The Phoenix Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is Barnett Lane, Woidgjey, Stourbridge, Wesl Midlands, DY8 SPY. 1.1 Ac¢ountlng conventlon The eharity 15 a private compary limited by guarantee and incorporated in England and Wales. The members of the company are the trustees named on page 1. In the event of the eharity bng wound up, the liability in re5Pg¢t of the guarantee is limited to £1 per member of the charfly. The charity conslrtutes a public benefit entity as defined by FRS 102. The financial ststemenls ve been prepared in accordance wth Accounting and Reporting by Charities.. Stslement of Recommended Practice applicable lo charities preparing their accounts in accordance vAth the Financial Reporbr¢g Standard applicable in thg UK and Republic of Ireland IFRS 102) issued on 16 July 2014 las updated through Update Bulletin 1 publishgd on 2 February 20161, the Financial Reporting Standard applicable in Ihe United Kingdom and Republic of Ireland IFRS 102), The Char.e5 Act 2011, the Companies Act 2006 and UK Generally Acceptèd Accounting Praetiee. The financial slalements are presented in sleding which is the functional currency of the charity and rounded to the nèarest pound. The significant accourrting policies applled in the preparation of these financial ststements are set out below. These poliues have been consistently applied to all years presented unl8s8 otherwise stsled. 1.2 Golng conc•rn The financial slalements are prepared on a going coern basis under the historical cost convention. The Iruslees now consider with the support of the llxal authority that the charity can continue its activities for al least the next fv40 academic year5. 1.3 Charbtable funds Unrestricted funds are available for usg al the ijiscretion of the Trustees In fiJrtherance of their charltsble objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are sel out in the notes to the finanaal Statements. 1.4 Income Income 1$ recognised when the Funds is legally entitled to it after any perfomance conditions have been met, the amounts can be mga$ured reliably, and it is Pfobable that income wll be received. Cash donations are recognised on receipt. Other donabons are recognlsed onee the FuTrJs has been rlfied of the donation, unless performance conditr.ons require deferral of the amount. Income tsx recoverable in relation to donations received under Gift Aid or deeds of covenant 19 recogni¥ed at the time of the donation. Legacies arg recognised on receipt Of otherwise if the Funds has been notified of an impending distribubon, the amount is known, and receipt is expected. If the amount is not known. the legacy is Irealed as a contingent asset.
THE PHOENIX CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 Accountlng polieigs (Continued) 1.5 Expendltu Expenditure 1$ recognised once there is a legal or conslruclive obligation to transfer economic benefit lo a third paty, il is probablg that a transfer of economic benefits will be required in sddemenl, and the amount of Ihe obligation can be measured reliabty. Expenditu is classffjed by activity. The costs of each activity a made up of the totsl of dir ¢osts and shared costs, including support Costs involved in undertaking each activrty. Direct cos15 attributable to a single activity are allocated diredly to that activity. Shared costs which contribute to more than one activity and support costs which a not attn'bulable to a single activity are apptIoned between those actiVitS on a basis consistent wlh the use of resources. Central staff costs are allocated on the basis of ts'me spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Cash and cash equivalents Cash and cash equivalents include cash al bank and in hand and short term deposits repayable on or wllhin a Ihrge month notice period. 1.7 Flnancial instruments The Funds has electe¢J to apply the provisions of Section 11 'Basc Financial InstNments' and Section 12 'other Financi81 Instruments Issues, of FRS 102 to all of rts financial instruments. Financial instruments are recognised in the balance sheet when the Funds becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented In the finanryal statements, whèn there is a legally enfcsrceable right lo set off the recognised amounts and there is an intention to settle on a net basis or lo realise the asset end settle the liability simultaneousty. Basic flnancial assets Basic financi81 assets, which incjude debtors Ind cash and bank balances, are initially measured 8t transaction pri including transaction costs and are subsequently carried al amorb$ed cost using the effeth've interest method unless the arrangement constitutes a financing transaction, where the tran$tion is measured al the present value of the fLrture receipts discounted at a market fate of interest. Financial assets dassrfrgd as receivable within one year are not amortised. Baslc financial liabilltles Basic financial liabilities, including creditors and bank loan$ arg initially recognised at transaction price unless the arrangement conslitules a financing transaction, where the debt instrument is measured al the present value of the future payments discounted al a Tnarkel rate of interest. Financial liabilities ¢las&fied as payable wiihin one year are not amortised. Debt instruments are sub$equenUy earned at amortised cost. usng the effective interest rate method. Trade cre(tilors are obligations to pay for go1$ or semces that have been acquired In the ordinary course of operations from suppliers. Amounts payable ore classified as current liabilities if payment is due within ong year or less_ If not, they are presented as non-current liabilities. Trade Ixedilor5 are recognised inib'ally at transaction price and subsequently measur8d al amortised cost using the effective interest method. Derecognitson of flnanclal liabllities Financial liabilities are derecognised whon the Funds's contractual obligations expire or are discharged or cancelled. 10-
THE PHOENIX CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accountlng pollcies (Continued) 1.8 Employèe beneffts ven employees have rendered service lo the charity, short-term employee benefits lo which the employees are entitled aré recognised at the undiscounted amount expgcted lo be paid in exchange for that service. The tharity operates pension aut¢>enrolment for eligible employees. Contributions are expensed as they become payab. 1.9 Retlrement benofits Payments lo defined contributlon retirement knefft schemes are charged as an expense as they fall due. Critl¢al accountlng estimates and judgerngnts In the application of the accounting policies, the Trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not roadily apparent from other sources. The estsmales and a$Slated assumptions are based on historical experience and other factors that are cx)nsidered to be relevant. Actual resum5 may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions lo accounting ostsmates are rewgnised in the period in which the estimate is revised where the revision affeels only that period, or In the p¢riod of the revision and future periods whefe the revision affects both current and future periods. Income from donallons and legacles Unrestrictgd Unrestrl¢t9d funds funds 2025 2024 Donation8 and gifts 4,649 4.142 Income from charltable actlvltles Unro$tri¢ted Unrestrictsd funds funds 2025 2024 Grant funding 132,162 148,993 11
THE PHOENIX CENTRE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Income from investments Unrestrlctsd Unrestrlctgd funds ftsnds 2026 2024 Interest receivable 2,633 1,851 Expenditur¢ on charftable activltles 2025 2024 Restrlcted funds Sensory room expenditure 4,351 Share of Support and governance Ct$(S90 note 7) Support Govemance 70,892 2,769 92,296 2.705 73,661 99,352 Analysis by fund Unreslricled funds Restricted funds 73,661 95,001 4.351 73,661 99,352 Support costs allocated to a¢tlvltles Total 2025 Total 2024 Staff costs Rent and rates Insurance Light and heat Telephone Prinb"ng, post and slattonary Sundry expenses Pupil activity support Training Equipment, repairs and renewa15 Legal and professional 57,176 648 2,673 2,860 73,323 699 2.127 3.879 631 1.308 3,978 358 320 5.673 2.705 229 3,060 61 460 3.076 2.769 Charitable activities 73.661 95,001 12-
THE PHOENIX CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Support costs allocated to actlvltles Icontinued) 2025 2024 Governance costs comprise: Legal and professional 2,769 2,705 2,769 2.705 Legal and professional fees includes payments to the independent examiners 0 £1,818 12024 - £1,728) for indepèndent examination fee5 and £55212024 - £552} for other services. Operating lease payments reeognised as an expense £50012024 - £5001. Trustges None of the Trustees lor any persons connected with them} received any remuneratlon or benefit5 during the year. (2023.. £Nill Ernployees The average monthly number of employees during the year was". 2025 Number 2024 Number Employment costs 2025 2024 Wages and salaries Other pension costs 55,542 1.634 71.398 1,925 57,176 73,323 There were no employegs whose annual remUneraln w88 more than £60,000. 10 Taxatlon The charlly is exempt from tsxalion on its activities because all its income is applied for charitable purposes. 13-
THE PHOENIX CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 11 Dobtors 2025 2024 Amounts falllng due wlthln one year: Other debtors Prepayments and accrued income 2,822 160 1,758 2,551 2,982 4,309 Other debtors are legnIsed al the settlement amount due after any trade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts éue. 12 Credltors: amounts falling due wlthin one year 2025 2024 other crgditors Accruals and deferred income 9,660 2.278 2,496 2,496 11,938 Creditors are recognised where the charity has a PSent obligation resulting from a past event tFBt wll probably result in the transfer of funds lo a third party and the arnount due lo settle the obligation Can be measured or estimated reliably. 13 Incomlng resourc•s All incoming resources are Included in the Statement of Finanryal Activibes when the charity is Iggally $nlitled to the income and the amount can be quantified with reasonable accuracy. Voluntary income is received by way of grants and donations and is included in full in The Slalemenl of Financial Activities when receivable. Grants, where enlitlemenl is not conditional on the delivery of a specific perf0mlan by the charity 8re recognised when the charity bocomes unconditionally entitled lo the grant. For legacies, entitlement Is the eadier of the charity being notified of an impending distribution or the legacy b8ing received. 14 ROurceS expgnded All expendfture is accounted for on an accruals basis and has been dassified under headings that aggregate all costs related to the category. lthere St$ cannot be directly attributed to particular heading$. they have be$n allocated lo activities on a basis consistent with use of the resources. Charitable eXpendrtU comprises those costs incurred by the Charity in the delivery of its activities for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indiiect nature necessary to support them. 15 Rfrtlrernent bonefft schemes 2025 2024 Defined contribution xhemes Charge lo profit or loss in respect of defined contribution schgmes 1,634 1.925 14-
THE PHOENIX CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2025 16 Retlrornont beneflt 8chem¢$ {Contlnued) The charity operates a defined contribLrtion pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 16 Restricted funds The restricted funds of the eharity comprise th8 unexpended balan$ of donations and grants held on trust Subject lo specific eondilions by donors as lo how they may be used. At1 September 2024 Resources At 31 August expended 2025 Sensory room Rear garden project 1,601 163 1,601 163 1,764 1,764 Prevlous year: At1 Septamber 2023 Resourcos At 31 August expended 2024 Sensory room Rear garden project 5,952 163 {4,351) 1,601 163 6,115 (4,351) 1,764 Rear Garden Projects The rear garden project relates lo funding for the improvement of the outside area al the rear of the Centre to Improve the environmenl in which the children play. Sènsory Roorn The Sensory Room funding relates to a donation from Jaguar Land Rover that has been designated for a sensory room equipment. 17 Unrestrlcted funds The unrestricted funds of the charity comprise the unexpended balances of don*t)nS and grants whith are not subject lo specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been sel aside out of unr8slricted funds by the trustees for speafic purposes. At1 September 2024 Incoming resources Resources At 31 August eXP8nd•d 2025 General fijnds 138,064 139,444 (73,661) 203,847 15-
THE PHOENIX CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 17 Unrestrlcted fund$ (Continued) Previous year: At1 Seplember 2023 Incomlng Resources At 31 August rosources expended 2024 General funds 80,079 152,986 195.0011 138,064 18 Analysls of net assots between funds Unrestrlcted funds 2025 Restricted funds 2025 Total 2025 At 31 August 2025: Current assets 203,847 1,764 205,611 203.847 1,764 205,611 Unrestrlcted funds 2024 Restricted fund5 2024 Totsl 2024 At 31 August 2024: Current assets 138,064 1,764 139,828 138,064 1,764 139.828 Unrestricted funds are made up of the following.. 2025 2024 General fund Designated reserve fund ICCL41 143,847 60,000 118,376 19.688 203,847 138,064 The designated rèserve fund has been sel up by the trustees to provide a fund for future costs in line with the ¢harty's slated reserve policies on page 4. The fvnd will be increased this year as ex¢e5s funds have become available to dully exercise the policy. 16-
THE PHOENIX CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 19 Operating lea8e eommitments Lesse8 Al the reporting end date the Funds had outstanding commitments for fiJbJre minimum lease payments undgr non-can¢ellable operats'ng leases, which fall due as follows". 2025 2024 Within ono year Been fv40 and five yeaTS SCIS 5CQ 500 1,000 1,5¢XI 1.500 20 Related party transactlons The were no disclosable related party transath'ons during the year12024- none). 17-