PHOENIX CHILDREN'S FOUNDATION
REGISTERED CHARITY 1117115
RECEIPTS AND PAYMENTS ACCOUNT AND STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 MARCH 2022
JOHNSON, MURKETT AND HURST CHARTERED ACCOUNTANTS
Rawdon House Rawdon Terrace Ashby-de-la-Zouch Leicestershire LE65 2GN
and 38 Millstone Lane Leicester LE1 5JN
PHOENIX CHILDREN'S FOUNDATION REPORT OF THE TRUSTEES
The Trustees are pleased to present their report and the Accounts for the year ended 31 March 2022.
Legal and Administrative
Phoenix Children's Foundation is a registered charity, number 1117115, that was established by Trust Deed dated 26th August 2006.
The objective of the Charity is to provide disabled and severely ill children throughout the UK with vital equipment and/or therapeutic activities. The aim is to help these special needs children with their physical and mental development in order to enhance the quality of their lives.
The trustees review the charity's aims, objectives and activities each year. This review looks at what has been achieved during the year, ensuring that the aims, objectives and activities remain focused on the charity's principal purpose. In carrying out these reviews and in all their duties, the trustees have paid full regard to the public benefit guidance issued by the Charity Commission.
The charity trustees during the year were:
Mr Douglas Wrenn Mr Mark Curry Mr Daniel Smith
Trustees are appointed by members of the charity in executive committee.
Activities and Achievements
As we entered another very uncertain year, still in lockdown, having lost more than 90% of our Christmas bookings, we faced the challenge of continuing to function, whilst following government guidance and COVID rules. Obviously financial concerns were a high priority as we still could not function in our normal manner and our income was, of course, still massively reduced.
We were classed as a COVID safe site and we continued to provide enrichment for some of the most local vulnerable children. With the Short Breaks enrichment offering we continued to provide positive outcomes and an increase in our service with very limited staff and a duty to adhere to the COVID rules and regulations.
We have been eternally grateful for the continued support of Leicestershire County Council, Amazon, Tesco, Rotary, Arnold Clark Automotive, Severn Trent; without this support we would have found it very difficult to continue.
After discussions with The National Lottery, explaining exceptional circumstances we agreed to restart the lottery funding to help us to continue to run our forest enrichment project, as there was no way we could return to our previous method of performance. This has been an enormous help and has given us the ability to move forward.
We have continued with training for our two staff members, and this will support our future plans in relation to the outdoor activities.
All efforts continue to be made to control costs whilst keeping the charity open in readiness for recommencing once restrictions are lifted sufficiently. Again, we are proud that the charity has repurposed itself during these extremely difficult circumstances with very limited staff and currently very limited volunteers. We are again still here with a successful offer to our service users and continue in the spirit of survival.
Grant Making Policy
The Charity makes grants to individuals and organisations that promote healthy recreation to special needs and terminally ill children. Donations will also be made to purchase essential equipment and therapy-based activities required by children up to the age of eighteen years.
We also continue to support visits to The Stables to make best use of the facilities.
PHOENIX CHILDREN'S FOUNDATION REPORT OF THE TRUSTEES
continued
Reserves Policy
We have increased our reserve with the National Lottery funding, to put it back to pre-covid level, as this will be essential for us moving forward and has always been a vital part of ensuring the charity's ability to recover from crisis situations.
It remains an objective to accumulate reserves to provide a minimum of 12 months running costs.
Risks Policy
The trustees have assessed the major risks that could affect the Charity and are satisfied that procedures are in place to identify such risks at the earliest opportunity and to address them.
Trustees
As ever our search for trustees continues and we are looking to appoint another two trustees.
Approved by the Trustees
Mr D Wrenn
Mr M Curry
Mr D Smith
Date
Independent Examiner's Report to the Trustees of Phoenix Children's Foundation
I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2022.
Responsibilities and basis of report
As the Charity's Trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
-
the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr P J Nash FCA Independent Examiner Johnson, Murkett & Hurst Chartered Accountants Rawdon House Rawdon Terrace Ashby de la Zouch Leicestershire LE65 2GN
Date:
PHOENIX CHILDREN'S FOUNDATION Receipts and Payments Account: Year to 31 March 2022
| GENERAL FUND Income receipts: From voluntary sources Street Collections Other income Charities Aid and sundry donations Bank Interest Received HMRC JRS Grant RESTRICTED FUNDS Facilities at Stable Yard Other income Donations Forest Enrichment Area Other income Grants/Donations Disabled and Special Needs Holiday Scheme Other income Grants/Donations Flourish Project Grant from the National Lottery Donation to Flourish with Phoenix CIC Total Incoming Resources RESTRICTED FUNDS Forest School Expenditure GENERAL FUND Payments Charitable activity direct expenditure: Equipment Donated Donations Provision of Therapeutic Activities Fund Raising costs Pony Expenses Enrichment Expenses Governance and administration costs: Wages Light & Heat Repairs & Renewals Insurance Subscriptions Postage, printing & stationery Telephone/Fax Accountancy Sundry Total payments Net Receipts/(Payments) for the year GENERAL FUND RESTRICTED FUNDS |
2022 £ - 92,401 3 10,200 102,604 - 9,393 1,125 50,000 (50,000) - 113,122 5,706 - 2,000 35,418 8,749 10,149 688 12,379 1,282 8,380 1,227 130 329 1,174 3,810 2,390 93,811 19,311 14,499 4,812 19,311 |
2022 £ - 92,401 3 10,200 102,604 - 9,393 1,125 50,000 (50,000) - 113,122 5,706 - 2,000 35,418 8,749 10,149 688 12,379 1,282 8,380 1,227 130 329 1,174 3,810 2,390 93,811 19,311 14,499 4,812 19,311 |
2021 £ - 48,810 19 24,634 73,463 - - - 25,000 (25,000) - 73,463 - 515 656 36,126 12,194 12,380 - 8,647 388 4,283 1,227 194 296 1,691 - 1,439 80,036 (6,572) (6,572) - (6,572) |
2021 £ - 48,810 19 24,634 73,463 - - - 25,000 (25,000) - 73,463 - 515 656 36,126 12,194 12,380 - 8,647 388 4,283 1,227 194 296 1,691 - 1,439 80,036 (6,572) (6,572) - (6,572) |
|---|---|---|---|---|
| 113,122 | 73,463 | |||
| 5,706 - 2,000 35,418 8,749 10,149 688 12,379 1,282 8,380 1,227 130 329 1,174 3,810 2,390 |
- 515 656 36,126 12,194 12,380 - 8,647 388 4,283 1,227 194 296 1,691 - 1,439 |
|||
| 93,811 | 80,036 | |||
| 19,311 | (6,572) | |||
| 14,499 4,812 |
(6,572) - |
|||
| 19,311 | (6,572) |
PHOENIX CHILDREN'S FOUNDATION Statement of Assets and Liabilities at 31 March 2022
| Note Fixed Assets 3 Monetary Assets Bank Current Account - HSBC Bank Reserve Account - HSBC - HSBC Phoenix Sponsor A Pony - HSBC Solar Panels - HSBC Savings Loan - Flourish General Fund Balance at 1 April 2021 Net Receipts/(Payments) for the year Book loss on vehicle Restricted Fund 4 Balance at 1 April 2021 Net Receipts for the year Balance at 31 March 2022 |
10,428 1,623 5,181 2,580 35,001 |
|---|---|
| 147,645 14,499 |
|
PHOENIX CHILDREN'S FOUNDATION Notes to the Accounts for the Year Ended 31 March 2022
1. Accounting Policies
The following accounting policies have been used consistently in the preparation of these accounts.
a) Basis of Accounting
The accounts have been prepared under the historical cost convention.
2. Taxation
Phoenix Children's Foundation has charitable status and is not liable to taxation.
3. Fixed Assets
Governance and Administration
| Governance and Administration | |||
|---|---|---|---|
| Brought forward 01 Apr 21 £ Computer Equipment 8,363 Office Furniture and Equipment 7,137 Stable (50%) 1,225 Office Building 7,305 Log Store 318 24,348 Charitable Activities Brought forward 01 Apr 21 £ Stable (50%) 1,224 Classroom 28,642 Toilet Block 25,852 Sensory Garden 13,022 Solar Panels 31,730 Sheds & Cabin 5,119 Biological Assets - Reindeer - 105,589 Total 129,938 4. Restricted Fund Balances Facilities at Stable Yard Forest Enrichment Area Disabled and Special Needs Holiday Scheme Flourish Project |
Additions £ - - - 922 - |
Disposals £ - - - - - - Disposals £ - - - - - - - - - 2022 £ 29,563 3,687 1,125 - 34,375 |
Carried forward 31 Mar 22 £ 8,363 7,137 1,225 8,227 318 |
| 922 | 25,270 | ||
| Additions £ - - 4,175 - - 501 6,200 |
Carried forward 31 Mar 22 £ 1,224 28,642 30,027 13,022 31,730 5,620 6,200 |
||
| 10,876 | 116,465 | ||
| 11,798 | 141,736 | ||
| 2021 £ 29,563 - - - |
|||
| 29,563 |
PHOENIX CHILDREN'S FOUNDATION Notes to the Accounts for the Year Ended 31 March 2022
(continued)
5. Sponsor A Pony
A small group of ponies, alpacas and reindeer is kept by the Charity. These are taken to collecting venues by the collection teams as they are seen as a vital part of the fundraising operation in that they generate interest from the public. They are also used at the Charity premises in provision of therapeutic activities thus fulfilling the charitable objective.
The Trustees are aware of the importance of these livestock in both roles, but are also conscious of the costs involved. Consequently, a Sponsor a Pony Scheme was started with the ultimate intention of this scheme fully funding their upkeep.
Other income includes donations to the above scheme, these funds being utilised for the upkeep and welfare of the livestock. Costs are allocated between Fund Raising Costs and Provision of Therapeutic Activities.
6. Flourish with Phoenix Community Interest Company
On 18 February 2019, Flourish with Phoenix Community Interest Company was incorporated with the intention of addressing the issues that young people have in improving their life chances and quality of life. It enables services to be provided on a fee basis with any excess income being paid to Phoenix Children's Foundation. During the year under review, grants have been received by the charity and they have been donated to the company.