REGISTERED COMPANY NUMBER: 04927820 (England and Walu) REGISTERED CHARITY NUMBER: 1100404 R¢port of tbe Trthste¢$ and Unaudlted Flnanclal Ststements For The Year Ended 31 August 2024 for Phase Trust
Phase Trnst Contents of the Financial Statements For The Year Ended 31 August 2024 Page Report of the Trustees Independent Examiner's Report Statement of FiDavciJl Activities Bglance Sheet Notss to the Financial Statements 10 to 15 Detalled Statsment ofFlnanelal Actlvlll 16
Ph•se Trusl Report of the Trustees For The Year Ended 31 August 2024 The trustees who are also directors of the charity for the Purposes of th¢ Companies Act 2006. present their report with th¢ financial statements of the charity for th¢ y¢ar ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of R¢corn)n¢nded Practice applicable to charities preparing their a¢¢ounts in aceordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l JaT)uary 2019). OWECTIVES AND ACTIVITIES Objective$ #nd olms The ¢ompanys objectives are io: be a positive inflllence, Euide and support foryoung people. be a support and resource for ¢ommwiity groups working with young people includin& Schools. youth clubs, hurch¢s and specialist groups. raise self est¢em aDd work through barriers to personal growth. focus on the whole person encouraging th¢ir social, physical, moral and spiritual developm¢nl. To achieve thes¢ objective5 the charity operates a numbw of projects working with schools, conununity groups and stalOry bodies as identified in the achieveTnents and perforniance section below. Pag¢ I
Phase Trust Report of tb¢ Trust¢es For The YeAr Ended 31 August 2024 ACHIEVEMENT AND PERFORMANCE Following a v¢ry ¢hallengittg but successful first year of ¢)w Thriving Tog¢th¢r projecL which included fundTng from the Big Lottery's Reaching Comrnunities fimd, together with secured monies from Black Courtty Mental Health TrusL BBC Childr¢n In Need, Crime Commissioner. oth¢r srnall grants and trading services. and our regulaT givin& Ph&s¢ Trust continued to build from a strong foundation in September 2023. Although this year had ies challenges, following the increasing cost of living crisis, competttion foT fimding and the eveT-changing social and ¢nvironmental environments, Phase Trust wer¢ still able to run their projects and programm¢5, 8Dd partherships both locally and regionally were again str¢ngth¢ned. National training also became a stronger part of our portfolio. Service Delivery SeveTa] delivery out¢ornes were agai sei for this reporting year.. l. Young people at Ti5k of becoming NEET Inot in ¢ducation, employment or training) will be support¢d to moke a suw¢$$1 transriion into fijrther education, employnent or training. By the end of Aug1 2024, 311 children and young people ¢ompl¢ted a peTsonalis¢d d¢velopment progranune which addr¢55¢d their social, emotional and behavioural barriers. Out of this, 72 w¢r¢ on the verge of exclusion at the start of our intervention and 860/0 now rernain in full tiC education or training. 152 had anxiety a5 their maim referral indicator. Out of the 31 I who re¢eiv¢d suppor4 251 (800/.} reported significant improvements in th¢ir s¢lf-estecm, confidence and resilien¢e, with a further 60/0 reporting good improv¢m¢Dts. To date we know that 269 of the 31 I have wntinued engagement in edu¢&tion or training. 2. Children and young people struggling with elnotional health & wellbeing will receive support at the ¢arliest EK)ssible Stage, reducing the need for crisis support. 234 children and young people were referred to our services with a chief indicator of concerns around th¢ir m¢ntsl health and emotional w¢llbeing. For others, this was an underlying concern. 156 r¢port¢d better awareness of mental health & wellbeing choices. Coping skills and strat¢gies wer¢ also developed and technique5 tg ¢xpr¢ss th¢ir f¢¢lings. Th¢r¢ has been a further increase in referrals during this year where high-l¢vel attxiety has been a major driveT to iheiT challenges. Phase also championed Children's M¢ntal Health week across the borough of Dudley, resulting in eaTly intervention package5 being delivered io 1,380 ¢hildr¢n and yowig people with th¢ theme of "My Voice Matter5." Phase Trnst were 50 involved in the recent work by The Coalition for Youth Mentsl Health in Schools (Yfv(HC) and will be cited in their upcmirlg report exploring best practice. 3. Children & young people (vietirns and perpetrators) at risk of harni have risks reduced, become more s¢lf-awaTdconfIdent and able to make positive choices for the fuwre. 54 vulnerable thildr¢D alld young people engaged with our risk reduction and hann prevention work Although Dwnb¢r5 have decreased from the last year, this work has becom¢ mor¢ ¢xt¢nsive and complex, invtslvtng cross border involv¢ment 4nd Gounty lities exploitation, Out of these, 780/0 were evidenced to have reported a b¢tt¢r und¢r5tallding and awareness of their risks and 930/0 had displayed definite p051tive changes to th¢iT behaviour. A firth¢r 17 rhildr¢n and young peopl¢ WeT¢ also th¢ b¢nefieiaries of our Hamfvl Sexual Behaviours service. an intensive therapeutic delivery pa¢kag¢. This 15 th¢ fourth year of our se1¢e alld the need continues to escalate for this specialism. As a result,, awar¢n¢ss rdising training was atso deliv¢red w 32 multi agency professionals across the Borough to highlight the need for specialist support. 4. Vulnerdble young people from disadvantsged backgrounds will gain a wider perspective on lifr choices with opportunities to broaden their horizons and widen their social networks. Pog¢ 2
Phase Trust Report of the Trustees For The Year Ended 31 August 2024 The far reaching effects of the pandemi¢ 3T¢ still being understood and it still can maIn a difficulty in encouraging some groups of people to meet in larger groups. However, our w¢ekly evening open-access group, Provides a provision for those who need a safe and Secure space to be. Over the 43 we¢k5 that ihe provision ran. a total of 1,701 young people have attended, where they are fed and able to discuss the issues and ¢hallenges they face. Other loca] organisati(Trns have been thilised to help deliver to specific needs, for example drug and alcohol we. A on¢e a month Friday evening provi5lOT) Cojltinues to run for local con)munity children to attend with a Lirgeted parental café ¢xp¢rien¢¢ being held at the same time. This year, 881 children attended, with 305 paTents accessing the café on a regular basis. Whilst childr¢n are having fun together, support can be giY¢n lo thos¢ parents who are struggling aThd b¢ signp05ted io other av¢nu¢s of support that they would benefit from. 5. Vuln¢rable parentslcare givers start to engage with support and recognise the need for help with parenting issues and th¢iT own trauma ¢xperiences, resulting in more resilient families wÈth improved payentlchild relationships. Thi5 15 a an increasing significant area of CUTrent Work as there is always a story behind the story. There has often been parental trauma which has not been validated. The holistic falnily PrOaCh has forn)ed the foundational basis of Phase TTU5Vs on-going woJ*, as parental support needs are changing. ODlin¢ ¥oup support is now being piloted with saw 19 parentslcayers attend. The feedback ha5 been really posiiive and will be used to plan further opportunitie5 in the future. 72 individual parentslcarers received focused support. 68 joint $¢ssions were held with 41 parents and their children, a new it]Iti1ve for this period. The growing on-going financial PTessur¢$ and wellbeing challenges have also been increasiThg for families. This resulted in Phase Trust helping 278 childr¢n aDd their familie5 the Dudley Borough beit)g helped over th¢ school holiday periods resour¢¢s and options for eating hot food together. This is something Phe is comrnitted to seeing develop over the next tw¢lv¢ months. 6. Provid¢ incr¢ased UDd¢rstanding of young people's mental health & wellbeing & the factor5 that impact negativety on their holisti¢ health. through the inv¢5t[nL of "generous l¢ad¢rship" into rnulti-agency and third sl0T$. The training arm of Phase Tntst h&% continued to grow and develop Strongly and is fast b¢¢oming a foundational am) of ow work. Ov¢r the last twelve months. 41 courses were undertaken with 618 participallt5 attending. IndividLkils from both multi agency, statutory and third se¢ior partners re¢eived training around being trauma.responsive around a s¢ries of challenge5 aff¢cting ¢hsldren & young people.. child poverty. neglecL sntra-familial ¢hild sexual abus¢, hami outside the home including exploitation and serious youth violence and Jnental health awareness. Leadership S¢SSiODS were also delivered to local adjoining boroughs and specific 1-2-1 support to a number of third sl0r l¢ad¢rs. The detached temi COTbtinued their important work throughout the year, operating acr055 the borough, in pgthership th local police and business foNm colleagues. 219 were engaged with through our detached work. In totsl. 3,330 different individuals were effectively engaged ihrough th3s reporting p¢riod. ADDITIONAL WORK Work always continues toward5 our longer-lerm su51Ainability, investing into our strategic ain and five year busines5 plan for the organisation. Our new business plan started in January 2024 and will run until December 2028. Phase Trust Celebrated it's 25th anniversary in May 2024. Thi5 wa5 a sigtlificant acbieverneTht for the charity. The event saw attend4nr¢ froffj 94 individuals representing 42 organi5ations across the Black Country. We ar¢ d¢¢ply grafrful for the many pamers who have supported and continue to support our ¢s5¢ntial worL Through a parttiership with Map¢d Helix as part of th¢iT 10/0 for Edu¢atlOD proj¢rt, Phasc was able to completety renovated our purpose built therapy roo ideal for working with children, young people and their families. Recognising the need for enhanced accessil)ility. Phase Tht secured fill)dll)g from the Heart of Engld,5 tnclusiv¢ Cou]munities fund, This facilitsted the renovation of outside steps leading to the facility and the instsllation of all extern plarfonn lill significantly improving acces5 for all visitors. PAg¢ 3
Phase Trust Report of tht Trustees For The Year Ended 31 August 2024 Phase Trust also continues to participate in a number of borough-wide forums which influence policies concerning young people, especially around th¢ a8¢Dd&s of tOtional health & wellbeing and exploTtatIo and now leadeTship support. FINANCIAL REVIEW Fin14ncial positlon Phase Trust continues to be fL]nd¢d by Tnainly by grants from the Big Lottetys Reaching Communities Fund, Children in Need and contracts lo provide services to Black County Health. These together with oiher small grdnts, trading services and regular giving support the work of the charity. However, Phase Trnst is facing the challenge of meeting iticrea5ed salary ¢osts du¢ lo chang¢s introdll¢¢d by the government. This has resulted in a deficit for the year of £71,397. Th¢ board together Mith the leadership team will continue to c105ely monitor this Situation and look to impTOV¢ this situation. Rewrves pollcy It is the policy of the ¢harity to e5tabltsh d¢S]lled reserve fijnds to manage any potential f]nancial risk5 to the viabi5ity of the Organisation. The level of reserves links io our financial assessment of risks that the organisation faces over the Jnedium term 2-3 y¢ar period. The basis of the reserves has been reviewed for this statetn¢nt and the board considers it prud¢nt to set aside an amount equivalent to six months expenditure within the designated reserves. For the period 2024125 this equates £200,0(K) (2023124 - £190,000) The trnst¢¢s will continue to monitOT c105ely the risks and fjnancial performance during 2024125. Going eoncern After making appropriate enquiries. the trustees have reasonable exp¢ctation that the company has adequate resources to continue in operational existence for at least the next two years. For this reason. they continue to ado the going concern basis when preparing th¢ financial 5tatem¢nt$. FUTURE PLANS Following a solid year. we again have a strong foundation to fLuther embed our new holistic model of working. This will allow Phase Trust to continue to d¢v¢lop and look to increase its ¢urr¢nt capacity in both statring and the range of a¢tivRties offered. We will eontinue to develop our plans for work involving emotional health and wellbeing with both children and young people, and build on our work aimed at the challenges of exp¢rieD¢ing105s with young Ghildren. We will look to continue to offer opportunities for young people to take a lead and acknowledg¢ individua] achi¢v¢m¢nt. Our ¢omrnitsnen¢ remains to Lkadership Programm¢s, und¢rgird¢d by th¢ experieD¢¢ of workitig alongside the Kings Fund. We will also aim to increase our traded services, theTeby continuing our reduction in the reliance on extemal future fiding. We will coniinue to review our ¢urr¢ni programm¢s to ensure they r¢main fit for purpos¢ a])d ¢ffe¢tiv¢. esp¢cially in the areas of ¢xploitation and the area of sexualityltransgender spectrum. Finally. we will look to strengthen and expand our relationships with other patthers, c4)ntinue to promote opportunities with the Mental Health Charities Collective (MHCC) and be re5pon5ive to the Qwing need5 in our clime. We will aitn to secure a "Getting Help" serwce for Dudley Borou for ihose children and young people who may not need a CAMHS service but are waiting a length of time for their support to commence. We hope to see this start from st¢Mb¢r 2025. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The chariiy is controlled by its governing docum¢nl, a deed of tswt, and consti¢ut¢s a lirnit¢d compaT&y, lirnited by guaraTktee. as d¢f]ned by the Companies A¢1 2006. Page 4
Phase Trust Report ofthe Trustees For The Year Ended 31 August 2024 STRUCTURE, GOVERNANCE AND LIIANAGEMENT R¢cruitment appoiDtJD¢Dt of new trust¢es Th¢ board of truste¢s are all local peopl¢ with a mix of personal and professional skills and experiences. As the Charity's work focuses on young people the board Seeks to ensure that the needs of this group are appropriai¢ly r¢fl¢¢tsd through the diversity of the board of trustees. In the event of particular skills being lost due to retirement5, individuals will be *pproa¢hed Its offer themselves for ele¢tion to the board of tnts¢5. REFERENCE AND ADMJE41STii4TIVE DETAILS Registered Con]pany number 04927820 (England and Wal¢$) Registered Charity DumbeT 1100404 Registered office Owen House Little Cornbow Halesowen West Midland$ B63 3AJ TTUStees Rev L Evans Mrs L C Ball Dr L Adams Dr S Fung P B Campbell Ms E P A Docherty T M Gregory Co)ytpaNy Seeretgry Dr S Fung Approv¢d by OTd¢r of the board of trustees on... ....W.1g.1S... and signed on its beha]f by: Page 5
Independent Examiner's Report to the Trnstees of Phase Trust Independent examineT'S report to the trnstees of Phase Trust {'tb¢ Comptny,) I r¢port to the Charity trustees on my ¢xamination of the accounts of the Company foT the y¢ar ended 31 August 2024. Responsibilitles basls of report As the charity's tru5t¢¢5 of the Company (and also its diTlOr8 for the purposes of company law) you are responsible for the preparation of the accouDts ill a¢¢ordan¢e with the requirements of the Compallies Act 2006 (the 2006 Ad). Having satisfied mys¢lf that the accounts of the Company ar¢ not required to be audited undeT Part 16 of the 2006 Act 8nd are eligible for independent exalninaiion, J report in re5P¢¢t of my emination of your charitys ac¢ounts a5 caTried out under Section 145 of the Chariti¢s Act 2011 (the 2011 Act). In carrying out my examination I have followed the Directions giv¢n by th¢ Chlty Conunissiim under S¢ction 145(5) (b) of the 2011 Act. Independent ¢xawin¢r's statement Sinre your charityAs gross in¢oTn¢ Cxceeded £250,000 your examiner must b¢ a member of a listed body. I can ¢onfJrni that i am qualified to und¢rtak¢ th¢ ¢xamination because l am a mcinb¢r of the Association of CharteTed C¢nified Aoc(Truntants. which is one of the listed bodies. I have ¢ompleted my examination. l oonfinn that no matters have come to my attention in connection with th¢ examination giving me c&use to believe: accOUtIng records were not kept in Tespect of the Compally as required by Section 386 of the 2006 Act. OT the accounts do not aord with those records., or the acc4)unts do not colnply with the accounting quireMents of Section 396 of the 2006 Act oth¢r than a requirement that the accounts give a true and fair view which is not a matter considered part of an independent examination. or the atcoutjts have not been prepared in ac¢ordance with the methods 8nd prtllciples of the Statement of Recommended Practice for accounting 2nd rtporting by charities (applicable to charities preparing their a¢¢ollnts in accordance with the FinancTal Reporting St8ndard applicable in ihe UK and Republi¢ of Ireland (FRS 102)). I have no concerns and have come rO$S no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. N P Kirkham FCCA The Association of Chart¢red Certified Accountants 28 May 2025 Page 6
Phase Trust Statement of Financlal Activitles UncorporY4ting an Income and Exptnditur¢ Account) For The Year Ended 31 August 2024 2024 Tota] funds 2023 Total fiu)ds Ullrestricted fund Restricted Notes INCOME AND ENDOWMENTS FROM Donations and legacies 10.844 10,844 12,852 Charltable activitTe5 Granis and ¢ontraets to provide services to young people 199,210 112,511 311.721 271,991 Other income 5,100 5,100 5,140 Totsl 215.154 112,511 327,665 289,983 EXPENDITURE ON Charltable aetlvltles Grants and contracts lo provid¢ 5¢rvic¢5 to young peopl¢ 80 80 5,076 Other 287.167 111.815 398.982 354,321 Total 287.247 111.815 399,062 359,397 NET INCOMEI(EXPEP4DITURE) (72.093) (10,000) 696 10,(MJo (71,397) (69.414) Transfer5 bettveen funds Net movement ID funds (82,093) 10,696 (71,397) 169,414) RECONCILIATION OF FUNDS Total fimds brought fonvard 206.158 193,787 399,945 469,359 TOTAL FUI+lDS CARRIED FORWARD 124,065 204,483 328,548 399,945 Th¢ notes forni part of these fu1¢1a] statements Page 7
Phase Trust Bo12nce Sheet 31 August 2024 2024 Total funds 2023 Total funds Unrestricted fid Restrtcted fijnds Not¢s FIXED ASSETS Tangible assets 4,212 4,212 8,685 CURRENT ASSETS Debtors Cash at bank and in haud 19.870 106.919 19,870 376,467 17,390 408.367 269,548 126,789 269,548 396,337 425.763 CREDrfoRS Amounts falling (lue within ODe year (6,936) (65,065) (72,001) (34,503) NET CURRENT ASSETS 119,853 204,483 324,336 391,260 TOTAL ASSETS LESS CURRENT LIABILITIES [24,065 204,483 328,548 399,945 NET ASSETS 124,065 204,483 328,548 399,945 Unrestricted fimds R¢5trict¢d fund5 124,065 204.483 206,158 193,787 TOTAL FUNDS 328,548 399,945 Th¢ ¢haritabl¢ cornpany is ¢Dtitl¢d to ¢x¢Trypti(Trn from audit wider Section 477 of the Compani¢s Act 2006 for the year ended 31 August 2024. The members have not required the company to obtain an audit of its fJnancia] statements for the year onded 31 Augusi 2024 in accordance with Section 476 of the Companies Act 2006. The trnstees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that ¢omply with Sections 386 and 387 of the Companies Act 2006 and pr¢paring finan¢ial ststements whi¢h give a Itu¢ and fair view of the state of alyairs of the charitable company as at the end of each financial year and of its surplus or deficit for each thncial year in accordance with the requiremenis of Section$ 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial stat¢m¢nts. so far as 8ppli¢abl¢ to the charitable Company. (b) The notes part of th¢se f]nan¢ial statements Page 8 continued...
Phase Trust Balanee Sheet- eontinued 31 August 2024 These financial statern¢nl$ have b¢en PT¢paT¢d in a¢¢ordanc¢ with the provisions applicable to charitable companÈe$ subject to the small companies regime. The financial stat¢m¢nts w¢r¢ approved by the Board of TnLStees and authorised for issue ..AS....W...IC*.IS.. and were signed on its behalf by.. on L C Ball- Trustee L Evans- TNstee The not¢s forni part of these financial statements Page 9
Phase Tru$t Nole5 to the Finaneial Statements For The Year Ended 31 August 2024 ACCOUNTING POLICIES Ba515 Of pr¢p3riDg tbe fiDaD¢ial statements The financial statements of the charitable company, which is a publi¢ benefit entity under FRS 102. have been prepared in a¢¢ordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charitieg.. Stat¢rn¢n¢ of Recommended Practice applicable to charities preparing their a¢counts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ITeland (FRS 102) (effective l January 2019}', Financial Reporting Standard 102 The Financial Reporting Standard applicabl¢ in th¢ UK and RepublA¢ of Ireland. and the Companies Act 2006. The financial statement5 have been prep8Jed under the historical cost ¢onv¢ntion. Income All ll)come is recognised in the Statem¢nt of FinaD¢ial Activities once the charity has ¢ntitl¢m¢nt to the fiwd4 it 15 probable that the income will be received and the a]nount be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as th¢re is a legal or constructive obligation Com]nitg the charity to that expenditure, it is probable that a transfer of e¢onomie benefjts will be required in s¢ttl¢ment and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been Classified under headings that aggregat¢ all cost related to the category. Where costs catjnot be diroctly attributed lo particular headings they have been allocai¢d io activities on a basis collsistent with the use of resources. Grants offered subject to conditions which have not been met at the year ¢nd date are 0ted as a commilment but not aCCTued a5 expenditure. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its ¢$tim&ted useful lif¢. Premises refvrbishmenl Equipm¢nt Office equipment 25/0 on cost 25/0 on Cost 330/0 on cost Taxation The cJ)aTity is exempt from corporation tax i)n its charitable activities. Fund aceountlng Unrestricted funds Can be used ill ac¢oTdan¢¢ with the charitable objertiV¢5 at the discretion of the ttustees. Restricted fwids ¢an only be used foT particular restri¢ted p05¢S within the objects of th¢ ¢lwity. Restrictions arise when specified by the donor OT when fimds are raised for parti¢ular restricted putposes. Further explana¢i(Trn of the nathre and purpos¢ of eath fund is included in the nol¢s to the financial Statements. Page 10 ¢ontinued...
Phase Trust Notes to the Fin9n¢io1 Statements- eontinued For The Year Ended 31 August 2024 NET INCOTrtE/(EXPENDITURE) Net incofft¢/(expenditure) is stst¢d after charging{crediting)'. 2024 2023 DeprIatiOn- owned essets Loss/(profit) on disposal- owned a55ets 6,212 120) 7,003 TRUSTEES, REl¥fUNERATION AP4D BENEFITS Ther¢ were no ttees, reMeratiOn or other benefits for the year ended 31 August 2024 nor for th¢ year ended 31 August 2023. Trustees, expenses There wer¢ no trUSts, expenses paid for th¢ year ended 31August2024 nor for the year end¢d 31 August 2023. STAFF COSTS 2024 2023 Wages and salaTies Soeial security costs Other pension ¢05ts 324,899 15,841 299,567 4,022 349.994 312,472 The av¢rage monthty number of employees during the year w&4 as follows.. 14 13 No employ¢¢s received emolllTnents in excess of £60,000. COMPARATIVES FOR THE STATEMEf4T OF FINANCIAL A1VITIEs Unrestricted f(md Restricted fjjnds Total funds KNCOME AND ENDOWMENTS FROM Donations and legacies 12,852 12,852 Charitable actiYitie5 Grants and contracts to provide services to young people 149.337 122,654 271,991 Other income 5.140 Totsl 167 329 122 654 289 983 EXPENDITURE ON Charitable activities Grants and contracts to provide services to young people 5.076 5.076 195,026 159.295 354.321 Pagell continued...
Phase Trust F4otos tts the FingDcial Stat¢menls- coDtinMed For Th¢ Year Ended 31 Augu$t 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- CotInUed unrestrlcd Restricted fund fimds Total fimdg Total 200,102 159,295 359.397 NET INCOMEI(EXPENDITURE) Transfers between funds (32,773) (20,000) (36,641) 20,000 (69,414) N¢t mov¢ment in fvnds (52,773) (16,641} (69,414) RECONCILIATION OF FUNDS Total fimds bTought fonvard 258,931 210,428 469,359 TOTAL FUNDS CARRIED FORWARD 206,158 193,787 399,945 TANGtBLE FIXED ASSETS Premises refurb51D¢nt Office equipment Equipment Totals COST At I Septwnber 2023 Additions Disposals 3,722 1,415 21,914 1,739 (2,220) 27.051 1.739 (3,635} (1,415) At 31 August 2024 3.722 21,433 25.155 DEPRECIATION At I September 2023 Charge for year Eliminat¢d on disposal 2,928 609 1.415 14,023 5,603 (2,220) 18,366 6,212 13,635) (1,415) At 31 August 2024 3.537 17,406 20,943 NET BOOK VALUE At 31 August 2024 185 4.027 4.212 At 31 August 2023 794 7,891 8,685 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayments 15,746 4,124 2,334 15,062 19,870 17,396 Page 12 continued...
Phase Trust Notes to the Financial Ststements- eontinued For The Ye4r Ended 31 August 2024 CREDITORS.. AMouNfs FALLING DUE WITHIN OP4E YEAR 2024 2023 Trade Creditors So¢ial s¢curity and other tsxes Pension owing A¢U¢d ¢xpens¢5 244 4,815 4,874 1,596 28,032 66,942 72,001 34,503 MOVEMENT IN FUNDS Transfers behveen fimds movement in fiLn(ts At 31.8.24 At 1.9.23 Unrestrleted hnds General fufjd 206,158 (72,093) (10,000) 124,065 Restri¢ted fund5 Big Lottery FuTJd ContrdQt5 for Services DesAgnat¢d Reserves Childr¢n in Need 2,187 1,600 190,000 {2.187) (1,600) 10,000 200,000 4,483 4,483 193,787 696 10,000 204.483 TOTAL FUNDS 399,945 (71.397) 328,548 N¢1 mov¢ment in funds. included in the above are as follows.. lJ)coming resources Resources expended Movemetjt in fund5 Unrestricted funds General fimd 215,154 (287,247) (72,093) Restrict funds Big Lottery Fund Contracts foT Services Children in Need 86.162 2,139 24,210 (88,349} (3.739} (19,727) (2,1871 (1,600} 4,483 112,511 (111.815) 696 TOTAL FUNDS 327,665 (399.062) (71,397) Page 13 continued...
Phase Trust Note5 to the Financial St&tements- continued For Th¢ Y¢¥4r Ended 31 August 2024 MOVEMENT IN FUNDS- continued Comparatlves for movement funds Net movement in fimds between fuuds At 31.8.23 At 1.9.22 Unrestricted funds General fi]nd 258,931 (32,773) (20,QOO) 206.158 Restricted funds Big Lottery Fund Contrarts for Servi¢es Designated Reserves 5,637 34,791 170,000 (3,450) (33,191) 2.187 1.600 190.000 20,000 210.428 (30,641) 20,000 193,787 TOTAL FUF4DS 469.359 (69,414) 399,945 Comparative net movement in fo{, included in the above are as follows.. Incoming resources Resovr¢e$ expended Moyemenl in fimds UrtriCted funds General fund 167.329 {200.102) (32.773) Restrieted funds Big Lottery Fund West Midlands Police Family Matters Contracts for Services 56,063 11.379 36.812 18,400 (59,513) (11,379) {36,812) (51,591) (3.450) (33,191) 122,054 (159.295) (36,641) TOTAL FUNDS 289,983 (359,397) (69.414) A current year 12 months aDd prior year 12 months combined position is as follow$'. Net movement in fimds Transfrrs between funds At 318.24 At 1.9.22 Unrestricted funds General lld 258.931 (104,866) (30,000) 124,065 Restricted fund5 Big Lottery Fund Contracts for Services Designated Reserves Children in Need 5.637 34,791 170,000 (5,637) (34,791) 30,000 200,000 4.483 4,483 210,428 (35,945) 30,000 204,483 TOTAL FUNDS 469,359 (140.811) 328,548 Page 14 continued...
Phase Trust Notes to the Finaneial Staternents- continued For The Year Ended 31 August 2024 MOVEMENT IN FUNDS- eontlnued A Current year 12 months and prior year 12 months combined net mov¢ment in fi]nds, included in the above are as follows.. IncorniDg resources R¢sources expend Movement . in fiwds Unr¢strlcted funds General fund 382,483 (487,349) {104,866) Regtrleted funds Big Lttery Fund West Midlands Police Family Matter5 Contracts for Services ChildTen in Need 142.225 11.379 36.812 20,539 24.210 (147,862) (11,379) {36.812) {55,330) {19,727) (5.637) (34,791) 4.483 235,165 (271,110) {35,945) TOTAL FUNDS 617,648 (758,459) {140,811) io. RELATED PARTY DISCLOSURES There were no related party transactions for th¢ year end¢d 31 August 2024. Pag¢ IS
Phase Trust Delailed Ststement of Finaneial A¢tlvitie5 For The Year Ended 3J August 2024 2024 2023 INCOME AND ENDOWMENTS DoDHtions and legaeles Donations Gift aid 8.712 2.132 10.971 1,881 10,844 12,852 Charitable a¢ttwities GraThts and contracts to provide s¢rvices to young people 311,721 271.991 Other Ineome Rental income Government aid 100 140 Total Ineomlng resources 327.665 289.983 EXTENDITURE Charitable aetlvltles Grants to instiiutions 5.000 Other Salories & national Insur¢¢ Training Travelling expenses Teaching re50urce5 Advertising Telephone, post and stationery Cornput¢r expenses Repairs and renewals Sundry expenses Legal and professional f¢es Rent and lltiliti¢s Insurance Depreclation Lossl(Profit) on sale of offi¢e equipment 324.899 15.841 9254 8,051 7,559 3.502 8.576 1.050 2,304 1,650 8,053 2,151 6,212 120 299,567 4,022 8,883 9,909 ,377 3,290 2.617 294 2,842 4,465 7,904 2,147 7.004 398.982 354,321 Support costs Finance Bank charges 80 76 Totsl resources expended 399.062 359 397 Net expenditure 71397) 69414) This page does not forni part of the ststutory fman¢ial statements Page 16