HASE WORLDWIDE Annual Accounts and Financial Statements July 2023- June 2024 For more i nformation about PHASE Worldwide visit w4vw.phaseworldwide.org Contact Us.. info@phaseworldwide.org | Reginald Arthur House, Percy Street. Rotherham, S65 IED Registered Charity Number.. 1112734
Contents Page Welcome from our Chair of Trustees About PHASE Worldwide Our Impact 2023-2024 Trustees, Report Year Ended 30th June 2024 Independent Examiners Report to the Trustees of PHASE Worldwide 14 Statement of Financial Activities Cash Flow Statement Balance Sheet Notes to the Financial Statements 15 16 17 18
A welcome from our Chair of Trustees Dear Supporters, It's been an exciting year for PHASE Worldwide. There are challenges in the economic climate but we have been fortunate to have spent the past couple of years stabilizing our Nepal work and UK support team, so this year was a year for review of the future. We have returned to our roots in South Yorkshire and the ideology on which PWW was founded- empowerment for everyone who is involved with PWW wherever they may be in the world not least of all, you, our supporters who are empowered by helping to empower others. As part of this strategy, we have developed a partnership with Cine Schools, who work in the UK, with children between the ages of 8 and 14, many of home are from challenging social settings, helping them to express themselves and 'find a voice, through making films. This program empowers the children involved and brings a new and different audience to the PHASE family who are empowered assisting us to do more, not least of all, in remote areas of Nepal. A great example of this, is a school in West London is now supporting a school in Nepal brought about by their involvement in the Cine Schools programme. In coming years, we plan to continue to expand our empowerment work with other communities no matter who or where they are. We continue with our solid commitment to communities in Nepal. Our UK4id Match Start Strong project continued into its second year with clear changes emerging for communities through the integrated programme of health and agricultural activities in some of the remotest communities. We have welcomed several new Trustees to the board bringing with them a wealth of experience in business, finance, health and fundraising. Welcome to Kelly, Chris, Kate and Paul. None of these achievements over the past year would have been possible without you our wonderful supporters. On behalf of the Board of Trustees, may I take this opportunity to thank you and express our sincere gratitude for all of your support. Kind regards, K,.k Nick Cragg Chair of Trustees PHASE Worldwide PHASE WORLDWIDÉ
About Us Practical Help Achieving Self Empowerment IPHASEI Worldwide is a UK registered charitythat enables people to take opportunities to enrich their lives. We speak to communities, we ask what they need to enrich their lives and then we work with them to achieve these goals by creating opportunities and supporting services. Founded in 2005, we have developed into an organisation that has raised millions of pounds for communities living in Nepal and more recently in the UK, we support over 20,000 people each and every year. Until recently, our work has solely focused on rural communities in Nepal, where poor health, low levels of education and few livelihood opportunities trap people within a cycle of poverty. It's exciting to report that this is the first year we have expanded our work to include communities in the UK. Our Vision We believe that everyone, everywhere, even those in the most remote places in the world, should have access to primary healthcare, basic education, and livelihood opportunities. Our Mission Through partner organisations, PHASE Worldwide empowers isolated communities through integrated and sustainable programmes in health, education, and livelihoods.
Sustainability We want the difference we make to last long into the future. To achieve this lasting difference, we are committed to empowering communities through improved skills, knowledge and opportunities, whilst strengthening and expanding existing government services. This is facilitated by the involvement of local communities at all stages of programme development. We aim to make a lasting difference but not to stay and replace government services. Our Values As a charity, we have a core set of values that are embedded in all our work both i n the U K and overseas. EMPOtring PHASE Our Approach We work together with partners to empower people, to create opportunities that people are equipped to take no matter where they are in the world. We support projects in some of the most remote and rural communities in the world. In these areas, poor health, low levels of education and few livelihood opportunities trap people in a cycle of poverty. Through our local partner, PHASE Nepal, we support integrated and sustainable health ISDG 3), education (SDG 41, and livelihoods ISDG 2 and 81 projects, helping communities to break the cycle and achieve No Poverty- Sustainable Development Goal ISDGI I. PHASE Worldwide and PHASE Nepal work together to enable people to access knowledge, skills, and services, whilst at the same time, strengthening local government provision in Nepal. We work together to raise moneyto fund this work, deliver our successful GP mentoring programme, and demonstrate best practice in charity governance and within the international development sector. All of our work, both overseas and in the UK, is based on empowerment. We believe that all aspects of our work should make people stronger and more confident. This applies to people involved in the projects we support, staff working for PHASE Worldwide and PHASE Nepal, and our supporters who help us work towards our vision.
Structure & Partnerships PHASE Worldwide (Registered Charity Number.. 11127341 was established in 2005. The charity is registered at and operates from PHASE Worldwide, Reginald Arthur House, Percy Street, Our longstanding key partner PHASE Nepal was established in 2006 with the support of PHASE Worldwide and is registered in Nepal under the organisational registration Act 2034 of Nepal with the District Administration Office (Registration Number.. 531106J0631. It is also affiliated with the Social Welfare Council under section 13 of the Social Welfare Act1992 ISWC No. 193361. During this financial year we have established a new partnership with Cine Schools as part of the #filmforall enrichment programme. PHASE Worldwide also co-operates with PHASE Austria, an Austrian nonprofit association leingetragener gemeinnutziger Verein), Central Associations Register no. 161877083. PHASE Worldwide is a member of the South West International Development Network ISWIDNI, the Britain Nepal Chamber of Commerce and Britain-Nepal Non-Governmental Organisation Network {BRANNGO}. Impact and Programme Delivery in July2023- June 2024 Nepal Over the 12 months July 2023- June 2024 PHASE Worldwide has predominately supported 4 areas in Nepal: Manbu through two very successful appeals, Jair through our Big Give Christmas Campaign. Rugin and Bichhya through UK Aid Match which brings charities, British people, and the UK government together to change the lives of some of the world's poorest and most vulnerable people. Health The majority of our work has had an impact in the field of Health and Nutrition by supporting health facilities that provide the basic health needs for life. We've enabled 11,027 health consultations to be carried out, including with 1,619 children under 5 and 1,533 people over 60 years of age. Our funded Auxiliary Nurse Midwives work tirelessly in remote regions as part of a community team getting to know individuals and families and providing quality primary health care. A key area of focus is expectant mothers and the first couple of years of a child's life lin line with the Nepalese government Golden 1,000 Days policies). Health services offer a minimum of 4 antenatal visit programme of which we aim for the highest level of engagement so measure the number of mothers at Ist and 4th visits. We are proud to say 209 mothers engaged in the programme and therefore are better equipped going into childbirth and motherhood. In remote locations getting mothers to a clinic for childbirth is imperative to ensure positive outcomes for both mother and child. In the areas we have worked in
this year 72.5¥0 of deliveries out of a recorded 189 were in a health clinic surrounded by professional staff. We continue to monitor growth of children 6,245 children 13,247 boys, 2,958 girls) were measured this year. When we identify a child as malnourished, we act. A malnourished child is th a child more likely to die before its 5 birthday, that may grow up stunted and more vulnerable to infection and diseases, it's a child that deserves to be healthy. Mothers with malnourished children are strongly encouraged to attend one of the 4 nutrition workshops this year informing mothers and households about what makes up a healthy diet, why a healthy diet is important, ways to get the nutrients needed and in particularthe importance for small children and mothers. Alongside this we ran 43 Sarbotam Pitho {super flour making) sessions, demonstrating how to make nutritious weaning food from locally available ingredients. Our nutrition programming links closely with our agricultural work to provide seeds, ongoing contact and agricultural mentoring for mothers to change the root cause of malnutrition, not just responding to the acute need. A key part of why what we do works is because we work withi n the communities. We support Female Community Health Volunteers to learn about how to communicate with people in health messaging, we work in schoolsso thattheyoungest in the community understand what keeps them healthy188 sessions conducted this year - 2,116 students attended, boys 946, girls 1,1701 and we aim to get to the people that need support the most, so we visit homes, we go door to door, we did this 629 times benefitting 4,526 people this year. This is rising as our work becomes more remote working in communities distributed across a wide area. Street drama can be dramatic, fun, surprising and always engaging. Our teams use sessions in public spaces to communicate key health and public awareness messages in a way that is understood by all within communities. Illiteracy is common in these remote communities so I,¢r.- pli 2 3 fl bifkhs
Ji street drama communicateswith everyone not just the more educated. Our teams ran 4street dramas this year. Alongside supporting frontline basic primary healthcare delivery, we support training of staff within the healthcare system. Our GP mentoring programme continues to place experienced UK GPS in a health post for a couple of weeks to support the PHASE Nepal teams with difficult cases and continuing to increase their skills. This year 17 GPS mentored health staff in health posts. Agriculture Our theory of change tells us that we can't change lives and empower people in the long term without working with communities in multiple ways. Health is vital, but in order for children to be healthy, families to be secure, opportunities to be created, households need access to income. For many in remote communities, agriculture is the only way to achieve this, so therefore we support farming. This year we supported: 434 female farmers with seeds, materials and training to grow vegetables. 90 households with support to rear chickens All these activities have the abilityto improve the nutrition of children and families as well as generate income and are closely linked with our nutrition programming.
Emergency Response Nepal is very prone to earthquakes and landslides. Thisyear 2 areas were supported by PHASE Worldwide in response to landslides and an earthquake. We distributed food packages and tarpaulin to 32 families in Bichhya in Bajura district. Packages contained- rice 50 kg, dal 5 kg, oil 3-liter, gram 5 kg and salt 2 kg. We also provided 200 families with blankets and tarpaulin in earthquake affected areas in Jajarkot and Rukum district. Education We provided resources to a family this year in the form of bags, books and stationery. We are planning to expand our education support further with additional programming after consulting with communities in the Rugin area through our local partner PHASE Nepal. PHASE Worldwide Work in the UK Through the establishment of a partnershipwith Ciné Schoolswe have given 28 primaryschool children living in poverty in London the opportunityto join a film making club after school. This opportunity will give the young people the opportunity to develop skills, confidence and resilience to other areas of their lives. We hope to grow our partnership with Ciné Schools into the next financial year with the development ofa programme in our home town of Rotherham. th Trustees, Report Year Ended 30 June 2024 The Trustees present their report and financial statements for PHASE Worldwide for the year ended 30th June 2024. PHASE Worldwide is an international non-governmental, non-political, non-religious organisation established in 2005. It is constituted under a trust deed dated 14 September 2005 and is registered as a charity with the UK Charity Commission, No. 1112734. The Trustees have adopted the provisions of the Statement of Recommended Practice ISORP) "Accounting and Reporting by Charities" IFRS 102) effective in January 2019. The financial statements also comply with the Charities Act 2011. Public Benefit Statement The Trustees confirm that they have referred to the guidelines contained in the Charity Commission general guidance on public benefit when reviewing the charity's aims and objectives, and in implementing current, and planning future activities. PHASE Worldwide has a full set of policies in place to protect people involved with the charity's work in the UK and Nepal. This includes a safeguarding policy, safeguarding code of conduct, whistleblowing policy, and a complaints procedure. During the year 2023-2024, no significant safeguarding concerns were reported within PHASE Worldwide or by any of its partners.
Charity Objectives I n the year 2023-2024, the Trustees have been able to ensure that the charity continues to fulfil its objectives for the public benefit in the target area. The objectives of the charity as stated in the trust deed are: l. The relief of poverty primarily in Nepal and elsewhere as the Trustees see fit 2. The relief of sickness and the preservation and protection of good health primarily in Nepal and elsewhere as the trustees see fit 3. To advance the education of communities primarily in Nepal and elsewhere as the trustees see fit No individuals or groups in our project areas have been excluded from benefit and the projects have been developed to include the most vulnerable members of society. No private individual has benefitted financially from the work of the charity. Risk Management The Trustee board identifies and reviews risks which the charity is exposed to and ensures that appropriate controls are in place to provide reasonable mitigations to these risks. Risk areas are identified as, but not limited to financial, operational, legal and regulatory, political, environmental, social, strategic and people. The Director and Board of Trustees review these risks on a quarterly basis. The assessment process is managed through an organisational risk register, which assigns management of these risks to Trustees, Working Groups, or Staff and recommends actions to be taken, where necessary, in order to manage their likelihood or impact. 10
Legal and Administrative Information The charity's operations are managed from PHASE Worldwide's registered office.. PHASE Worldwide, Reginald Arthur House, Percy Street, Rotherham, S65 IED, where the charity's records and accounts are maintained. Patrons: Rosie Swale Pope MBE; Brian Blessed 08E Hon D.Litt Ambassador: Alex Staniforth Trustees: Mr Nicholas George William Cragg BSC. CEng. MICE; Mr Martin Davies OBE, FOID, BA, LLB. Dr Gerda Pohl MRCOG, MRCGP; _ resigned June 2024 Dr Dilys Noble MB ChB, DCH, Dip Obs & Gynae. Miss Margaret Lally Bsc MA Mr Christos Glavanis Bsc FCA- resigned Oct 2024 Mrs Kelly Kendal- appointed August 2023, resigned March 2025. Mr Paul Evans BA Hons PGCEi-Appointed February 2024. Mr Chris Hughes ACA- Appointed April 2024 Dr Kate Gascoyne Bmed Bchir MRCP MRCGP- Appointed April 2024
Director: Mrs Lyndsey McLellan Bsc Msc Independent Examiner: Burnside Chartered Accountants Registered Charity Number: 1112734 Financial Review As of June 30th 2023, PHASE Worldwide held £144,322 of cash in hand and closed the year, June 30th 2024, with £91,794 of cash in hand. Income was £188.818 - £63,553 unrestricted and £125,265 restricted. Charitable spend was £167,468, fundraising costs £23,399, support costs £40,532 and governance costs £10,256. PHASE Worldwide saw a deficit of £52,837 in the financial year. Income is steady after a challenging 2022/23 with several projects ending. The integrity of PHASE Worldwide remains unchanged thanks to its dedicated public supporters and generous Trusts and Foundations who continue to support the organisation to change lives in Nepal and the UK. Reserves Policy PHASE Worldwide has a reserves policyto mitigate risk and to protect ourworkfrom disruption at short notice due to a downturn in income or uninsured losses, while at the same time ensuring that we do not retain income for longer than required. PHASE Worldwide will hold a minimum of three months costs in reserves, and this is reviewed on a yearly basis. PHASE Worldwide has identified the following primary reason for holding reserves at the appropriate level.. To ensure the continuity of PHASE Worldwide's activities in the event of unexpected setbacks, at a level of at least three months of unrestricted budget expenditure. Plans for Future Period PHASE Worldwide, with its partner PHASE Nepal, launched its Start Strong UK Aid Match project in April 2022. This project has utilised restricted and designated funds, secured through PHASE Worldwide's Start Strong Appeal until March 2025. In Nepal, PHASE Worldwide will continue to support PHASE Nepal with health, education, and livelihoods activities and aims to continue to increase activities that generate funds to support our long-term partner PHASE Nepal. Efforts are being made to consolidate programming to plan for the future beyond the Start Strong project developing programmes on Education, WASH and livelihoods work. PHASE Worldwide has reviewed its long-term organisational strategy in 23/24. and will continue to look to identify and support new partners Outside of Nepal. The Board of Trustees will ensure that available unrestricted funds are restricted to charitable activities, and levels of reserves are in line with PHASE Worldwide's organisational reserves policy. 12
Trustee's Responsibilities Statement The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable laws and regulations. The laws applicable to charities in England and Wales requires theTrusteesto prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable regulations}. Underthat lawtheTrustees must not approve the financial statements unlesstheyare satisfied that they give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. I n preparing these fi nancial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and accounting estimates that are reasonable and prudent; . state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records which are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements complywith the CharitiesAct 2011, the applicable Charities (Accounts and F2eportsl Regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees and signed on their behalf by: K,.k Nick Craggi Chair of Trustees Date of Approval: 28th April 2025
Independent Examiner's Report to the Trustees of PHASE Worldwide I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'}. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 {bl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination., or I have no concerns and have come across no other matters in connection with the examinatio to which attention should be drawn in this report in order to enable a proper understan ng of the accounts to be reached. Signed:........ ..Stephen Burnside, FCA Relevant professional qualification or body: ICAEW Address.. Burnside Chartered Accountants, 61 Queen Square, Bristol, BSI 4JZ Date 141¥<
Statement of Financial Activities (Including Income and Expenditure Account) For the Year Ended 30th June 2024 Note Unrestricted Restricted Funds {£) Funds (£) Total Funds 2024 (£) Total Funds 2023 (£) Income from: Donations and Legacies 51,994 31,620 83,614 116,727 Contracted Grants 750 93,645 94,395 59,190 Large and Supporter Events 9,793 9,793 38,742 Investments 1,016 1,016 527 Total 63,553 125,265 188,818 215,186 Expenditure on: Charitable Spend 34,740 149,159 183,899 133,339 Fundraising Costs 57,308 448 57,756 90,123 Total 92,048 149,607 241,655 223,462 Net (expenditureJ/income ond net movement in funds (28,4951 (24,3421 {52,8371 18,276} Reconciliation of funds: Total funds brought forward 111,852 29,292 141,144 149,420 Total funds carried forward 83J57 4950 88J07 741,144 15
Cash Flow Statement As of June 30th 2024 Note Total Funds 2024 (£) Total Funds 2023 (£) Cash used in operating activities 152,5281 318 (Decrease)fincrease in cash & cash equivalents 152,5281 318 Cash & cash equivalents at beginning of year 144,322 144,004 Cash & cash equivalents at end of year 91,794 144,322 Reconciliation of net income to net cash flow from operating activities Net {Expenditure)fincome for the reporting period (per the statement of financial activities) 152,8371 18,2761 Adjustments for: (Increase)/decrease in debtors 8,821 (Decrease)fincrease in creditors 10 309 1227) Net cash flow from operating activities 152,528} 318 16
Balance Sheet As of June 30th 2024 Total Funds 2024 (£) Note Unrestricted Restricted Funds (£) Funds (£) Total Funds 2023 (£) Current Assets Cash at bank and in hand 86,844 4,950 91,794 144,322 Creditors: amounts falling due within one year 13,4871 13,487) 13,1781 Net current assets 83,357 4,950 88,307 141,144 Net assets 83,357 4,950 88,307 141,144 Funds of the Charity Restricted Funds 11 4,950 4,950 29,292 Unrestricted Funds General Funds 31,011 31,011 41,165 Designated Funds 12 52,346 52,346 70,687 Total Charity Funds 83357 4,950 88307 141,144 Signed by two Trustees on behalf of all the Trustees Nick Cragg• Chair of Trustees Date of Approval Chris Hughes, Treasurer th 28 April 2025 17
Notes to the Financial Statements th For the Year Ended 30 June 2024 Note l Basis of Accounting These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notelsl to these accounts. The accounts have been prepared in accordance with.. . the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 effective l January 2019 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and with the Charities Act 2011 The charity constitutes a public benefit entity as defined by FRS 102. The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. Note 2 Accounting Policies Note 2.1 Income Recognition of Income These are included in the Statement of Financial Activities ISOFA) when: . the charity becomes entitled to the resources; it is more likely than not that the trustees will receive the resources., and . the monetaryvalue can be measured with sufficient reliability Oftsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS102 SORP or FRS 102. Grants and Donations Grants and donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORPI. In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met {5.16 FRS 102 SORPI. Government Grants The charity has received government grants in the reporting period Tax Reclaims on Donations and Gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. 18
Notes to the Financial Statements For the Year Ended 30th June 2024 Note 2.2 Expenditure and Liabilities Contractual Income and Performance Related Grants This is only i ncluded in the SOFA once the charity has provided the related goods or services or met the performance related conditions. Interest Receivable Interest on funds held is included when receivable by the charity. Expenditure and Irrecoverable VAT Expenditure is included in the Statement of Fi nancial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. Support Costs The charity has incurred expenditure on support costs. Liability Recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Grants Payable without Performance Conditions Where there are no conditions attaching to the grant that enables the donor charityto realistically avoid the commitment, a liabilityfor the full funding obligation must be recognised. Deferred Income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts. Note 2.3 Assets Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. Note 2.4 Funds Accounting Funds held by the charity are: Unrestricted Funds these are funds which can be used in accordance with the charitable objectives at the discretion of the Board of Trustees. Restricted Funds These are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Designated Funds which have been set aside out of unrestricted funds by the Board of Trustees and earmarked for future expenditure. Further explanation of the nature and purpose of each fund is given in the notes to the accounts. 19
Notes to the Financial Statements th For the Year Ended 30 June 2024 Note 3 Prior Period Comparative Unrestricted Restricted Funds {£) Funds (£) Total Funds 2023 (£) Income Donations and Legacies 94,557 22,170 116,727 Contracted Grants 59,190 59,190 Large and Supporter Events 20,773 17.969 38,742 Investments 527 527 Total Income 115,857 99J29 215,186 Expenditure Charitable Spend (UK & Nepall 44,438 88,901 133,339 Fundraising Costs 72,448 17,675 90,123 Total Expenditure 116.886 lo676 223,462 Net income/(expenditure) 11,0291 17,247} (8,2761 Transfers between fund5 1410) 410 Net movement in funds ,439) (6,837) (8,276) 20
Notes to the Financial Statements th For the Year Ended 30 June 2024 Note 4 Analysis of Income Unrestricted Restricted Total Funds Funds (£) Funds {£) 2024 ( Total Funds 2023 (£) Donations and Legacies 51,994 31,620 83,614 115,727 Contracted Grants 750 93,645 94,395 59,190 Large and Supporter Events 9,793 9,793 38,742 Investments 1,016 1,016 527 Total 6353 125,265 188,818 215,186 Donated services and facilities In accordance with FRS 102 and the Charities SORP IFRS 1021, the economic contribution of general volunteers is not recognised in the accounts. Refer to the trustees, annual report for more information about their contribution. Note 5 Analysis of Expenditure Unrestricted Restricted Funds (£) Funds (£) Total Funds 2024 (£) Total Funds 2023 (£) Fundraising Costs 57,308 448 57,756 90,123 Charitable Spend (UK & Nepall 34,740 149,159 183,899 133,339 Total 92,048 149,607 241,655 223,462 21
Notes to the Financial Statements For the Year Ended 30th June 2024 Note 5 Analysis of Expenditure (continued) Grants Direct Other Staff Direct Costs (£) Costs (£) Allocation of Support Costs Total Funds 2024 1£) (o Fundraising Costs 20,614 2,785 34,357 57,756 Charitable Spend (UK & Nepall 167,468 16,431 183,899 Support Costs 34,357 16,431 150,788) Total 167,468 54,971 19,216 241,655 Direct Staff Costs 1£) Other Direct Costs {£) Support Costs include: Support Staff Costs 31,609 31,609 Premises Costs Office Costs 8,924 8,924 Governance Costs 10,256 2,749 7,507 50,788 34,357 16,431 22
Notes to the Financial Statements th For the Year Ended 30 June 2024 Note 6 (Expenditure)/lncome for the Year Expenditure and basis of allocation costs Expenditure is recognised in the period in which it is incurred. Expenditure is analysed into the following activities. Raising Funds Salaries and direct expenditure of staff engaged in fundraising activities. Support Costs Office costs including the costs of financial controls, IT, HR, and payroll. Project Delivery and Support Salaries and direct expenditure of staff involved in project administrative support, networking, and development of projects in Nepal. Advocacy and Awareness Costs incurred in raising awareness of institutions, groups, and members of the public on issues being addressed by the charity. Business Development Salaries and direct expenditure of staff engaged with developing strategic opportunities and growth of the charity. Governance Costs Costs associated with the governance arrangements ofthe Charity. These costs are associated with the constitutional and statutory requirements and include any costs associated with the strategic management of the charities activities. This is stated after charging.. 2024 (£) 2023 (4 Independent Examiner Fees 3,150 3,000 Total 23
Notes to the Financial Statements For the Year Ended 30th June 2024 Note 7 Staff Costs 2024 (£) 2023 (£) Salaries 54,001 80,952 Social Security Costs 3,567 Pension Costs 970 1,537 Total 54,971 86,056 No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. Average Head Count in the Year 2.75 2024 2023 Raising Funds 340 27% Advocacy and Awareness 13% 20% The parts of the charity in which the employees work Business Development 13% Support Costs 190 19Yo Project Support 15% 16% Governance Costs The key management personnel of the charity comprise the Board of Trustees and the Director. The total employee benefits of the key management personnel of the charity during the year was £25,151,12023 - £38,277). 24
Notes to the Financial Statements th For the Year Ended 30 June 2024 Note 8 Grants Analysed by Project and Location Project Location Unrestricted Restricted Grant {£) (£) Paid {£) Start Strong 2022-2025 Project Bajura 116,418 116,418 Nepal Core Nepal 4,450 4,450 Earthquake Bajura 3,500 3,500 Manbu Health Post Gorka 35,000 35,000 Jair Health Post Humla 6,000 6,000 Cine Schools UK 2,100 2,100 Total 167,468 167,468 Note 9 Creditors and Accruals 2024 (£) 2023 (£) Other Creditors 3,487 3,178 Total 3,487 3,178 25
Notes to the Financial Statements th For the Year Ended 30 June 2024 Note 10 Analysis of Net Assets Between Funds Fund balances at 30th June 2024 are represented by. Unrestricted Funds (£} Restricted Funds (Q Total Funds (£) Cash at bank and in hand 86,844 4,950 91,794 Other net current assets/(liabilities) 13,487) 13,4871 Total 83J57 4,950 88307 26
Notes to the Financial Statements For the Year Ended 30th June 2024 Note 11 Restricted funds held and movements during the year Fund Name Fund Purpose Brought Forward (4 Income Expenditure Carried FonNard (£) (£) Annie J Gower Charitable Trust Start Strong 22-25 1,188 1,320 2,508 Austin Bailey Foundation Start Strong 22-25 1,000 1,000 Be One Percent Start Strong 22-25 4,878 4,878 Big Give- Jair Birchley St Mary's Third World Group Bristol to Basecamp The Bryan Guinness Charitable Trust Jair Health post 18,744 15,931 2,813 Earthquake 200 200 BTBC 294 294 Start Strong 22-25 5,261 5,261 Cauda Trust Equipment 10,000 10,000 Anonymous individual Cine schools 2,100 2,100 Cumbria Overseas Aid Trust Start Strong 22-25 1,000 1,000 De La Rue Charitable Trust Start Strong 22-25 1,350 1,350 FCDO Start Strong Start Strong 22-25 15.569 41,618 57,187 Guernsey Overseas Aid Equipment 10,000 7,863 2,137 James Tudor Charitable Trust Start Strong 22-25 5,000 5,000 Manbu 2023 Campaign Manbu 2023 1,266 9,164 10,430 27
Notes to the Financial Statements th For the Year Ended 30 June 2024 Note 11 Restricted funds held and movements during the year (continued) Pat Newman Memorial Trust Start Strong 22-25 1,500 1,500 Richard Sampson Start Strong 22-25 Souter Charitable Trust 356 356 Start Strong 22-25 5,000 5,000 The Big Give Campaign Coles Medlock Foundation Jair Health post 5,068 5,068 Jair Health post 5,000 5,000 The Hasluck Charitable Trust Start Strong 22-25 1,000 1,000 The Henhurst Charity Van Neste Foundation Start Strong 22-25 1,000 1,000 Start Strong 22-25 GP Mentoring Admin costs 4,069 4,069 GP mentoring 1,612 1,612 Total Restricted Funds and Movements 29,292 125,265 149,607 4,950 Description of Restricted Funds PHASE Worldwide recognise donations, gifts, and grants, which have set conditions of use as restricted funds. I n the year ending June 30th 2024, PHASE Worldwide received, spent, and carried forward restricted donations, gifts, and grants related to the following areas of charitable activities.. healthcare, education, livelihoods, and organisational development. 28
Notes to the Financial Statements th For the Year Ended 30 June 2024 Note 12 Details of Designated Funds Designated Funds Balance at New Ist July 2023 Designations Utilised/Release d(£) Balance at 30th June 2024 (£) {£) Start Strong Project 2022 - 2025, Far West Nepal 70,687 18,341 52,346 Total Designated Funds and Movements 70,687 18,341 52,346 Description of Designated Funds Income generated from PHASE Worldwide's Start Strong Appeal, which ran from th March 26 2021 to June 25th 2021, to be used in a future specific geography and project. The appeal raised a total of £137,467, with £103,296 being earmarked as Designated Fund by the Board of Trustees in June 2021. Of this, £18,341 has been spent in YE 2024, with PHASE Worldwide holding £52,346 for the Start Strong Project. 29
Notes to the Financial Statements For the Year Ended 30th June 2024 Note 13 Transactions with Trustees and Related Parties The charity has no transactions with related parties other than Trustee expenses. None of the Trustees have been paid any remuneration or received any other benefits from an employment with their charity of a related entity. {2023- £ nil) Trustee Expenses The charity has paid Trustees expenses for fulfilling their duties. Type of Expenses Reimbursed 2024 (£) 2023 (£) Travel Total N umber of Trustees reimbursed for expenses or who had expenses paid by the charity. For more information about PHASE Worldwide visit www.phaseworldwide.org Contact Us= info@phaseworldwide.org | Reginal Arthur House, Percy Street, Rotherham, 565 IED | Registered Charity Number.. 1112734 PHASE IPE 30