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
sta￿lOry 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 Aug￿1 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 ti￿C 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 se￿1¢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 $¢ssions were held with 41 parents and their
children, a new it]Iti￿1ve for this period.
The growing on-going financial PTessur¢$ 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 Ph￿e 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[n￿L of "generous l¢ad¢rship" into rnulti-agency and third s￿l0T$.
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 s￿l0r 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 Th￿t secured fill)dll)g from the Heart of Engl￿d,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 t￿Otional 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
fi￿ding.
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 clim￿e. 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
s￿t¢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 tn￿ts¢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 diT￿lOr8 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¢ Ch￿lty 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:
accOU￿tIng records were not kept in Tespect of the Compally as required by Section 386 of the 2006 Act. OT
the accounts do not a￿ord 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 fu￿1¢1a] statements
Page 7

Phase Trust
Bo12nce Sheet
31 August 2024
2024
Total
funds
2023
Total
funds
Unrestricted
fi￿d
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$t
Nole5 to the Finaneial Statements
For The Year Ended 31 August 2024
ACCOUNTING POLICIES
Ba515 Of pr¢p3riDg tbe fiDaD¢ial statements
The financial statements of the charitable company, which is a publi¢ benefit entity under FRS 102. have been
prepared in a¢¢ordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charitieg.. Stat¢rn¢n¢
of Recommended Practice applicable to charities preparing their a¢counts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of ITeland (FRS 102) (effective l January 2019}',
Financial Reporting Standard 102 The Financial Reporting Standard applicabl¢ in th¢ UK and RepublA¢ of
Ireland. and the Companies Act 2006. The financial statement5 have been prep8Jed under the historical cost
¢onv¢ntion.
Income
All ll)come is recognised in the Statem¢nt of FinaD¢ial Activities once the charity has ¢ntitl¢m¢nt to the fiwd4 it
15 probable that the income will be received and the a]nount be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as th¢re is a legal or constructive obligation Com]nit￿g the
charity to that expenditure, it is probable that a transfer of e¢onomie benefjts will be required in s¢ttl¢ment and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been Classified under headings that aggregat¢ all cost related to the category. Where costs catjnot be diroctly
attributed lo particular headings they have been allocai¢d io activities on a basis collsistent with the use of
resources.
Grants offered subject to conditions which have not been met at the year ¢nd date are ￿0ted as a commilment but
not aCCTued a5 expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its ¢$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 p￿05¢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
Dep￿rIatiOn- owned essets
Loss/(profit) on disposal- owned a55ets
6,212
120)
7,003
TRUSTEES, REl¥fUNERATION AP4D BENEFITS
Ther¢ were no t￿￿tees, reM￿eratiOn or other benefits for the year ended 31 August 2024 nor for th¢ year ended
31 August 2023.
Trustees, expenses
There wer¢ no trUSt￿s, 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 A￿1VITIEs
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- Co￿tInUed
unrestrlc￿d
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
refurb￿51￿D¢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
U￿r￿triCted 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 L￿ttery 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