# **The Phoenix Trust (Milton) Ltd**
**Company Number: 6007360**
**Charitable company registered with the Charity Commission. March 2007: number 1118548.**
**Trustees’ Report and Accounts for the period ended 31[st] March 2025**
**Unit 8, Milton Trading Estate Cambridge Road, Milton, Cambridge CB24 6AZ Tel: 01223 420669**
1
## **The Phoenix Trust (Milton) Ltd**
## **Legal and Administrative Information**
**____________________________________________________________**
|**Trustees**|Howard Scarborough - Chair|
|---|---|
||Charles Hobley - Treasurer|
||Rebecca Munns|
||Norman Jones|
||Anna Ghale|
||Malcolm Howting|
||Neil Cook|
||Sue Anderson|
||Graham Thomas|
||Steve Bentley|
|**Charity Number**|1118548|
|**Company Number**|6007360|
|**Registered Office**|Unit 8, Milton Trading Estate|
||Cambridge Road|
||Milton|
||Cambridge|
||CB24 6AZ|
|**Bankers**|Lloyds TSB Bank plc|
||Commercial Banking|
||P.O. Box 1000|
||BX1 1LT|
|**Solicitors**|G Cartwright & Co|
||9 Park Street|
||Chatteris|
||Cambridgeshire|
||PE16 6AB|
2
## **The Phoenix Trust (Milton) Ltd**
## **Trustees’ Report for the period ended 31[st] March 2025**
## **____________________________________________________________**
The Trustees present their report for the period ended 31[st] March 2025.
## **Directors and Trustees**
The directors of the charitable company (the charity) are its Trustees for the purposes of charity law and throughout this report are collectively referred to as the Trustees.
The Trustees who served during the period to the date of the accounts signature were: Rebecca Munns
Charles Hobley Norman Jones Malcolm Howting Anna-Lisa Ghale Neil Cook (appointed 20 September 2024) Grahame Thomas (appointed 19 September 2024) Steve Bentley (appointed 20 November 2024) Howard Scarborough (appointed 7 April 2025) Liz Hearmon (appointed 11 April 2025) Sue Anderson (appointed 13 May 2025) Brian Guinee (resigned 19 September 2024)
The number of Trustees shall not be less than three, which constitutes a quorum, (unless otherwise determined by ordinary resolution), and shall not be subject to any maximum. Trustee appointments are determined by the regulations and guidelines laid down in our Articles of Association.
The Phoenix Trust (Milton) Ltd is a company limited by guarantee and a registered charity governed by its Memorandum and Articles of Association. The company was incorporated on the 23[rd ] November 2006 (company number 6007360) and registered as a charity on the 27[th] March 2007 (charity number 1118548).
## **Objectives and activities of the Charity**
- To respect and celebrate everyone’s differences and support everyone’s rights.
- To enhance the lives of people with learning disabilities or complex needs, through the provision of a meaningful experience of work and the development of employability and social skills.
- To encourage the growth of self-confidence of co-workers attending Phoenix, and the desire to learn, progress and achieve qualifications as appropriate.
- To provide advice, guidance and support as needed.
- To further these aims through active community engagement, fundraising and sourcing of grants and donations
3
## **Review of activities, achievements and performance**
Phoenix Trust is a charity, social enterprise and provider of adult social care and we are pleased to report that during this period we have continued to advance our aims and objectives. Our vision is to help build a society where everyone has a right to participate fully. and our mission is to enhance the lives of people who are neurodiverse or have learning disabilities or complex needs, through a meaningful experience of work. We strive to raise awareness of the contribution that our co-workers can make, given the right encouragement and environment and have further developed our relationships with local businesses and organisations, to spread this vital message and stimulate employment opportunities.
Our co-worker numbers remain steady, with our person-centred placements continuing to deliver training and work experience, with a focus on developing trade, employability, and inter-personal skills. Our referrals come from a variety of sources, including the Learning Disability Partnership and local schools and colleges and we actively participate in individual and service reviews to improve our understanding of their needs and aspirations. Additionally, we are active participants in local forums and partnerships, to ensure that we remain informed and up-to date with our knowledge of both the local and national landscape for learning disability and neurodiverse related matters. These include STEnG (Social Training Enterprise Group) and GET (Guidance, Employment, Training) and the LD Forum.
For the first time, we have seen woodshed sales outstrip concrete and our cake and catering business has expanded with the take up of buffet food for meetings, proving particularly popular. We are proud of the support we receive from the village of Milton and have further developed our links, running monthly pop-up cafes for Park Runners and a community café for older residents-, along with welcoming families to our site for seasonal fun activities.
Grants and donations received £39,700 We would like to state our gratitude to the help we have received from all our donors, large and small. This year we have embarked on a major fundraising appeal to replace our portacabin – in addition to financial donations, we have been fortunate that so many local businesses have provided consultancy services free of charge. We would again, like to especially thank the directors and staff of COEL for their assistance.
## **Volunteers / Employees**
The trustees remain truly grateful to staff and volunteers alike for the enormous amount of hard work and effort they give to the Trust. We continue to rely on our wonderful volunteers who offered their services in the reporting period, each bring a range of skills, energy, and enthusiasm.
## **Financial Review**
## **Statement of Financial Activities (SoFA)**
Incoming resources for the year (unrestricted and restricted) totalled £256,202 (2024 £259,623) and Resources expended amounted to £256,202 (2024 £192,390) resulting in Net outgoing resources for the period of £109 (2024 incoming £52,233).
Donations and grants received amounted to £39,700 (2024 £59,935)
## **Balance Sheet**
The Balance Sheet identifies the assets, liabilities and funds of the Trust as at 31 March 2025. The Trustees are satisfied that the total bank and cash balances of £140,714 (2024 £147,962) are sufficient for the ongoing requirements of the Trust in the immediate future.
The Trust receives restricted and designated grants and donations. The Trust identifies and accounts for these funds in line with the specified restricted or designated purposes.
4
## **Reserves Policy**
The board of Trustees continues to regularly meet each month to administer the charity and consider the charity’s activities. The need to support our beneficiaries continues to be paramount along with the financial stability of the Trust. Therefore, as mentioned in previous years’, we continue to set aside, as a contingency, sufficient funds to cover a minimum of three months’ operational costs, this is in addition to the £10,000 of the unrestricted fund balance at the yearend remains in a General Reserve fund.
## **Risk Factors**
The trustees are ever mindful of and have considered and assessed all major risks to which the charity is or might be exposed and are satisfied that systems are in place to mitigate problems that these could bring to the charity.
On behalf of the board of Trustees
C Hobley Trustee Dated: 8 July 2025
5
## **Independent Examiner’s Report to the trustees / members of The Phoenix Trust (Milton) Ltd.**
I report on the accounts for the year ended 31[st ] March 2025 which are set out on pages 7 to 14.
## **Respective responsibilities of the trustees and examiner**
The charity’s trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for the year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is my responsibility to:
- Examine the accounts under section 43 of the 1993 Act,
- To follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the 1993 Act, and
- To state whether any particular matters have come to my attention.
## **Basis of independent examiner’s statement**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below:
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with section 41 of the 1993 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Rosemary Thornton MA ACA
8 Wimbish Road Papworth Everard Cambridge CB23 3XJ
Dated: 8 July 2025
6
## **The Phoenix Trust (Milton) Ltd.**
Charitable company registered with Charities commission March 2007: number 1118548 Company number: 6007360
## **Statement Of Financial Activities For the Year Ended 31st March 2025**
|**Notes**
**Incoming resources**
3
**Income resources from generated funds**
Voluntary Income
3.1
Donations & grants
**Investment income: Deposit account interest**
3.2
**Incoming resources from charitable fund**
**activities**
3.3
**Total incoming resources**
**Resources expended**
**Cost of generating funds**
4
Charitable fund activities
4.1
Governance costs
4.2
**Net incoming (outgoing) resources before**
**transfers**
**Gross transfers between funds**
**Net movement in funds for the year**
Total funds brought forward
Transfer between funds
**Total funds carried forward**|**Unrestricted**
**Funds**
**Restricted**
**&**
**Designated**
**Funds**
**Total Funds**
**£**
**£**
**£**
39,700
-
39,700
1,010
-
1,010
215,493
-
215,493
**256,202**
**-**
**256,202**
241,789
-
241,789
14,523
-
14,523
**256,312**
**-**
**256,312**
**-(109)**
**-**
**-(109)**
**-**
**-**
**-**
**-(109)**
**-**
**-(109)**
157,105
-
157,105
-
-
-
**156,996**
**-**
**156,996**
**2025**|**2024**
**Total Funds**
**£**
59,935
802
198,886
**259,623**
193,419
13,971
**207,390**
**52,233**
**-**
**52,233**
104,872
-
**157,105**|
|---|---|---|
7
## **The Phoenix Trust (Milton) Ltd.**
Charitable company registered with Charities commission March 2007: number 1118548 Company number: 6007360
**----- Start of picture text -----**
|||||||
|---|---|---|---|---|---|
|Balance Sheet as at 31st March 2025|2025|2024|
|es or||
|Restricted &|
|Unrestricted|Designated|
|Funds|Funds|Total Funds|Total Funds|
|£|£|£|£|
|Notes|
|Fixed assets|
|Tangible assets|9|6,425|-|6,425|-|
|Current assets|
|Stock|10|8,821|-|8,821|6,086|
|Debtors|11|5,479|-|5,479|13,908|
|Cash at bank and in hand|12|140,714|-|140,714|147,962|
|Total current assets|155,015|-|155,015|167,956|
|Current liabilities|
|Creditors: amounts falling due within one year|13|4,444|-|4,444|10,851|
|Net current assets|150,571|-|150,571|157,105|
|Net assets|156,996|-|156,996|157,105|
|Funds of the charity|14-15|
|Unrestricted funds|146,996|-|146,996|147,105|
|General reserve|10,000|-|10,000|10,000|
|-|-|-|-|
|Restricted & designated funds|
|Total funds|156,996|-|156,996|157,105|
**----- End of picture text -----**
For the year ending 31st March 2025 the company was entitled to excemption from audit under section 477 of the Companies Act 2006. The Trustees have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The Trustees passed a Resolution on 22nd January 2014 not to hold an annual general meeting each year. Clause 3 of the Articles of Association have been amended accordingly.
The Directors' acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
Approved by the Trustees
Signed by:
> Date: 8 July 2025
_**Charles Hobley**_ **Trustee**
8
## **The Phoenix Trust (Milton) Ltd.**
Charitable company registered with Charities commission March 2007: number 1118548 Company number: 6007360
## **Notes to the Financial Statements: 31st March 2025**
## **1 Basis of preparation**
## **1.1 Basis of accounting** These accounts have been prepared on the basis of historic cost, and in accordance with Accounting and Reporting by Charities - Statement of Recommended Pratice (SORP 2005 ) Accounting Standards, the Charities Act 1993 and the Companies Act 2006. **1.2 Change in basis of accounting** There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
- **1.3 Changes to previous accounts**
No changes have been made to accounts for previous years.
**2 Accounting policies**
|**2.1**|**Incoming Resources**|
|---|---|
|**2.1.1**|**Recognition of incoming resources**|
||These are included in the Statement of Financial Activities (SoFA) when:|
||- the charity becomes entitled to the resource;|
||- the trustees are virtually certain they will receive the resource; and|
||- the monetary value can be measured with sufficient reliability.|
|**2.1.2**|**Incoming resources with related expenditure**|
||Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related|
||expenditure are reported gross in the SoFA.|
|**2.1.3**|**Grants and donations**|
||Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resource.|
|**2.1.4**|**Tax reclaims on donations and gifts**|
||Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate.|
|**2.1.5**|**Contractual income and performance related grants**|
||This is only included in the SoFA once the related goods or services have been delivered.|
|**2.1.6**|**Volunteer help**|
||The value of any voluntary help received is not included in the accounts but is described in the Trustees annual report.|
|**2.1.7**|**Investment income**|
||This is included in the accounts when received.|
|**2.2**|**Expenditure and Liabilities**|
|**2.2.1**|**Liability recognition**|
||Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.|
|**2.2.2**|**Governance costs**|
||Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice|
||to trustees on governance or constitutional matters.|
|**2.2.3**|**Support costs**|
||Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of|
||resources.|
|**2.3**|**Assets**|
|**2.3.1**|**Tangible fixed assets for use by charity**|
||Expenditure on assets with a useful life of over one year are capitalised and depreciated on a straight line basis over their|
||estimated useful life, with the exception of expenditure on assets that are funded by a restricted grant or donation are written off|
||against the restricted grant or donation in the year in which they are expended.|
|**2.3.2**|**Stocks and work in progress**|
||These are valued at the lower of cost or market value.|
|**2.4**|**Reserves**|
- 2.4.1 £10,000 of the unrestricted fund balance is held as a contingency reserve.
9
## **The Phoenix Trust (Milton) Ltd.**
Charitable company registered with Charities commission March 2007: number 1118548 Company number: 6007360
## **Notes to the Financial Statements: 31st March 2025**
|**3**
**3.1**
**3.2**
**3.3**
**4**
**4.1**
**4.2**|**Analysis of incoming resources**
**Voluntary income**
Individual grants and donations incl internet giving
Coel / Coel Foundation
Pye Foundation
Buafiz UK
Mills & Reeve
Night Safe
Top Road Group
Kynaston Lodge
**Investment income**
Bank interest received
**Incoming resources from charitable activities**
Product Sales
Canteen Income
Work experience students
Other Income
**Analysis of resources expended**
**Charitable activities**
Direct costs
Raw material costs and production expenses
Support costs
See note 5
**Governance costs**
See note 5
Legal and professional|**2025**|
|---|---|---|
**10**
## **The Phoenix Trust (Milton) Ltd.**
Charitable company registered with Charities commission March 2007: number 1118548 Company number: 6007360
## **Notes to the Financial Statements: 31st March 2025 5 Support and Governance costs**
|**6**
**6.1**
6.2|
**Unrestricted**
Travelling costs
Rent & rates
Staff salaries
Energy costs
Insurance
Administration costs
Other
**Restricted & Designated**
Staff Salaries
Advertising
Other
**Details of certain items of expenditure**
**Trustee costs**
Remuneration
_Legal Authority - Approved by the Charity Commission_
_on 29th December 2008_
Number of Trustees who received remuneration
Total amount paid
Travel expenses
Number of Trustees who were paid expenses
Total amount paid
Fees for examination of the accounts
Independent examiner's fees
Other fees (advice consultancy, accountancy advice)
paid to the independent examiner
_Legal Authority - Article of Association No: 39_|**Charitable**
**activity**
**£**
-
7,985
178,551
3,674
3,967
25,727
-
219,904
-
-
-
-|**Restricted**
**activity**
**Governance**
**activity**
**Total**
**Support &**
**Governance**
**costs**
**£**
**£**
**£**
-
-
1,409
9,394
-
178,551
648
4,322
700
4,667
11,765
37,492
-
-
14,523
234,427
-
-
-
-
-
-
-
-
-
-
-
-
**2025**
-
-
£
-
-
£
Nil
Nil
**2025**|**2024**
**Basis of**
**governance**
**allocation**
**Total Support**
**& Governance**
**costs**
**%**
**£**
10%
-
15%
8,638
0%
143,888
15%
2,690
15%
3,377
40%
15,144
5%
-
173,737
0%
-
0%
-
0%
15,000
15,000
**2024**
-
-
£
-
-
£
Nil
Nil|
|---|---|---|---|---|
**11**
## **The Phoenix Trust (Milton) Ltd.**
Charitable company registered with Charities commission March 2007: number 1118548 Company number: 6007360
## **Notes to the Financial Statements: 31st March 2025**
|**7**
**Paid employees**
**7.1**
**Staff costs**
Gross wages, salaries and benefits in kind
Employer's National Insurance Costs
Employer's Pension Costs
Total staff costs
**7.2**
**Average number of full-time equivalent**
**employees in the year**
Fundraising
Charitable activities
Governance
Other
Total|**2025**
**£**
167,085
8,570
2,895
178,551
**2025**
**Number**
-
6.0
-
-
6.0|**2024**
**£**
136,296
5,339
2,253
143,888
**2024**
**Number**
-
6.0
-
-
6.0|
|---|---|---|
## **8 Grantmaking**
- 8.1 No grants or donations were made by the Trust during the financial period.
## **9 Tangible fixed assets**
## **9.1 Cost or valuation**
|**Cost or valuation**
Balance brought forward 1st April 2024
Additions
Revaluations
Balance carried forward 31st March 2025|**Unrestricted**
**Restricted**
**Total**
**£**
**£**
**£**
14,103
15,136
29,239
7,710
-
7,710
-
-
-
21,813
15,136
36,949
**Plant, equipment & displays**|
|---|---|
**12**
## **The Phoenix Trust (Milton) Ltd.**
Charitable company registered with Charities commission March 2007: number 1118548 Company number: 6007360
## **Notes to the Financial Statements: 31st March 2025**
**----- Start of picture text -----**
Accumulated depreciation and impairment
9.2 provisions Plant, equipment & displays
Unrestricted Restricted Total
£ £ £
Balance brought forward 1st April 2024 14,103 15,136 29,239
Depreciation charge for the year 1,285 - 1,285
Balance carried forward 31st March 2025 15,388 15,136 30,524
9.3 Net book value
£ £ £
Balance brought forward 1st April 2024 - - -
Balance carried forward 31st March 2025 6,425 - 6,425
10 Stocks
2025 2024
£ £
Raw materials (Aggregate, cement, dyes and wood) & 8,821 6,086
Finished goods (Slabs etc.)
8,821 6,086
11 Debtors and prepayments
11.1 Analysis of debtors
Amounts falling due within Amounts falling due within
one year one year
2025 2024 2025 2024
£ £ £ £
Trade debtors 2,421 11,023 - -
Other debtors 3,058 2,885 - -
5,479 13,908 - -
12 Cash at bank and in hand
Restricted & Restricted &
Unrestricted Designated Unrestricted Designated
2025 2024 2025 2024
£ £ £ £
Lloyds TSB current account 15,049 - 86,843 -
Lloyds TSB deposit account 112,411 - 48,511 -
Cash Floats 1,551 - 1,138 -
Cambridge Building Society 11,703 - 11,470 -
140,714 - 147,962 -
13 Creditors and accruals
13.1 Analysis of creditors
Amounts falling due within Amounts falling due after
one year more than one year
2025 2024 2025 2024
£ £ £ £
Trade creditors - - - -
Accruals & non trade crediture 4,444 10,851 - -
4,444 10,851 - -
**----- End of picture text -----**
**13**
## **The Phoenix Trust (Milton) Ltd.**
Charitable company registered with Charities commission March 2007: number 1118548 Company number: 6007360
**----- Start of picture text -----**
Notes to the Financial Statements: 31st March 2025
14 Restricted and designated income funds
14.1 Funds held None Total
£ £ £ £ £
Brought forward 1st April 2024 - - - -
Grants received in year - - -
Total Funds - - - - -
Less Funds expended in year
Expended in the year - - -
- - - - - -
Total Restricted Funds at 31st March 2025 - - - - - -
15
Movement of funds
Fund Fund
balances balances
brought Incoming Outgoing carried
forward resources resources Transfers forward
£ £ £ £ £
Unrestricted general fund 147,105 256,202 256,312 - 146,996
Unrestricted general reserve 10,000 - - - 10,000
Restricted & designated funds - - 0 - -
Total funds 157,105 256,202 256,312 - 156,996
16 Transactions with related parties
None
16.1
Benefits
Legal
Connected party authority Amount paid or benefit value
2025 2024
£ £
- -
- -
16.2
Loans
There are no loans due to or from the Trustees or other related parties
16.3
Other transaction(s) with trustees or related parties
There were no other transactions undertaken by (or on behalf of) the charity in which a trustee or a related party had a material interest
17
Taxation
The company is exempt from corporation tax on its charitable activities
18
Operating lease
**----- End of picture text -----**
The Charity operates from land and buildings in Milton under a lease that was renewed on 15th October 2020 for a period of 15 years at an annual rent of £8,000 subject to rent review on the 15th October 2025 and 2030.
**14**