2021-08-31-accounts - Phase Trust

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		Page
Report ofthe Trustees	1	to	4
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet	7	to	S
Notes to the Financial Statements	9	to	14
Detailed Statement ofFinancial Activities	15	to	16

				2021	2020
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets		1,335	3,076	4,411	3,177
CURRENT ASSETS
Debtors		28,155		28,155	10,966
Cash at bank and in hand		350054		350,054	235,525
		378,209		378,209	246,491
CREDITORS
Amounts falling due within one year		(5,111)		(5,111)	(4,896)
NET CURRENT ASSETS		373,098		373,098	241 595
TOTAL ASSETSLESSCURRENT
LIABILITIES		374,433	3,076	377,509	244,772
NET ASSETS		374,433	3 076	377,509	244,772
FUNDS
Unrestricted funds				374,433	241,702
Restricted funds				3076	3,070
TOTAL FUNDS				377,509	244,772

				2021	2020
				12	12
No employees received emoluments		in excess ofX60,000.
COMPARATIVES FOR THE STATEMENT OFFINANCIAL			A.CTIVITIES
			Unrestricted	Restricted	Total
			fund	fun cls	funcls
INCOME	AND ENDOWMENTS	FROM
Donations	and legacies		10,865		10,866
Charitable	activities
Grants and	contracts to provide services to
young people			148,614	180,458	329,072
Other income			9,579		9,579
Total			169,058	180,459	349,517
EXPENDITURE ON
Charitable	activities
Grants and	contracts to provide services to
young people			20	19,332	19,352
Other			98246	163,746	261,992
Total			98,266	183,078	281,344
NET INCOME/(EXPENDITURE)			70,792	(2,619)	68,173

	Notes to the Financial Statements -c For The Year Ended 31August	Notes to the Financial Statements -c For The Year Ended 31August	ontinued 2021
	COMPARATIVES FORTHE STATEMENT OFFINANCIAL		ACTIVITIES	- continued
			Unrestricted	Restricted	Total
			fund	funds	funds
	RECONCILIATION	OFFUNDS
	Total funds brought	forward	170,910	5,689	176,599
	TOTAL FUNDS CARRIED FORWARD		241,702	3,070	244,772
6.	TANGIBLE FIXED	ASSETS
		Premises		Of'fice
		refurbishment	Equipment	equipment	Totals
	COST
	At 1 September 2020	20,689	2,893	14,850	38,432
	Additions	1,486		2,831	4,317
	Disposals	L10 171)	~1,228)	~1,656)	~13,055)
	At 31August 2021	12,004	1,665	16,025	~29 694
	DEPRECIATION
	At 1 September 2020	19,512	2,540	13,204	35,256
	Charge for year	747	353	1,982	3,082
	Eliminated on disposal	~10,171)	~1,228)	~1,656)	~13,055)
	At 31August 2021	10088	1,665	13530	25 283
	NET BOOKVALUE
	At 31August 2021	1,916		2,495	4,411
	At 31August 2020	1,177	353	1 647	3,177
7.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				2021	2020
	Trade debtors			13,038	982
	Prepayments			15 117	9,984
				28,155	10,966

CREDITORS: AMOUNTS FA	LLING DUE WITHIN ONE	YEAR
			2021	2020
Trade creditors			360	168
Social security and other taxes			3,577	3,111
Pension owing			1,174	1,087
Accrued expenses				530
				4,896
MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.9.20	in funds	31.821
Unrestricted funds
General fund		241,702	132,731	374,433
Restricted funds
BigLottery Fund		3,070		3,076
TOTAL FUNDS		244,772	132 737	377,509
Net movement in funds, included	in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	nl funds
Unrestricted funds
General fund		243,373	(110,642)	132,731
Restricted funds
BigLottery Fund		114,849	(114,843)
Family Matters		38,958	~38,958)
		153,807	~153801	6
TOTAL FUNDS		397 180	~264,443)	132,737

				Net
				movement	At
			At 1.9.19	in funds	31.820
Unrestricted funds
General fund			170,910	70,792	241,702
Restricted funds
BigLottery Fund Income Rom Trusts			3,432 2,257	(362) ~2257	3,070
			5,689	~2619	3,070
TOTAL FUNDS			176,599	68,173	244,772
Comparative net movement		in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund			169,058	(98466)	70,792
Restricted funds
BigLottery Fund			116,351	(116,713)	(362)
Income from Trusts				(2,257)	(2,257)
Local sustainability	fund		26,852	(26,852)
Family Matters			37,256	~37/56
			180,459	~783,078	2,619
TOTAL FUNDS			349,517	~281,3443	68 173

			Net
			movement	At
		At 1.9.19	in funds	31.8.21
Unrestricted	funds
General fund		170,910	203,523	374,433
Restricted funds
BigLottery Fund Income f'rom Trusts		3,432 ~257	(356) ~2257	3,076
		5,689	~2,613	3 076
TOTAL FUNDS		176599	200 910	377,509

			Phase Trust
			Detailed Statement ofFinancial Activities
			For The Year Ended 31August 2021
				2021	2020
INCOME AND	ENDOWMENTS
Donations and	legacies
Donations				7,804	7,945
Gift aid				2 350	2,921
				10,154	10,866
Charitable activities
Grants and contracts to			provide services to young
people				381,170	328,473
Membership income					599
				381,170	329,072
Other income
Rental income				141
Government aid				5715	9,579
				5,856	9 579
Total incoming	resources			397,180	349,517
EXPENDITURE
Charitable activities
Grants to institutions				750	19,332
Other
Salaries 4national		insurance		233,225	212,323
Tlalnnlg				2,849	4,730
Travelling expenses				4,174	4,738
Teaching resources				2,971	8,944
Sessional and volunteer			costs	860	24
Advertising				568	538
Telephone, post	and	stationery		3,144	2,993
Computer expenses				993	1,965
Repairs and renewals				50	254
Sundry expenses				2,857	8,772
Legal and professional			fees	505	3,199
Rent				7,000	7,714
Insurance Depreciation				1,412 3 082	1,570 ~428
				263,690	261,992
Support costs
Finance
Bank charges					20

2021	2020
264 443	281,344
132,737	68,173