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2021-03-31-accounts

Pacaes
Charity
Information
Trustees'
Annual
Report		 2-7
Independent
Examiner's		 Report
Statement of Financial Activities (incorporating
summary
income and expenditure		 account)
Balance Sheet 10
Statement ofCash Flows
Notes to the Accounts 12-21

FOR THE YEAR E NDE D 31 MARCH 20 21
General Restricted Total Total
Funds Funds Funds Funds
2021
E		 2021
E		 2021f 2020
E
Note
Income
Donations 8 legacies 3 1,999 9,000 10,999 31,909
Income from charitable activities 4 245,839 245,839 687,847
income from other trading activities:
Fundraising
events		 4,482 4,482 2,825
Other income 5 285,809 285,809
Investment
income		 692 692 2 327
Total income 538 821 9000 547 821 724 908
Expenditure
Costs ofraising funds:
Fundraising
events		 88 88 302
Expenditure
on charitable		 activities:
Phoenix Project costs 579847 4452 584 299 710550
Total expenditure 6 579935 4452 584 387 710852
Net income/(expenditure) for the year (41,114) 4,548 (36,566) 14,056
Transfers between funds 17 22 798 22 798
Net Movement
in funds		 for the year (18,316) (18,250) (36,566) 14,056
Fund reconciliation
Total funds brought forward 311093 18250 329 343 315287
Total funds carried forward 292,777 292,777 329,343
THE PHOENIX PROJECT (IOW) THE PHOENIX PROJECT (IOW) THE PHOENIX PROJECT (IOW) Page 10
BALANCE SHEET
AS AT 31 MARCH 2021
Note 2021 2020
F
Fixed assets
Tangible assets 28 079 20 092
Current assets
Debtors 10 118,523 31,884
Cash at bank and in hand 215894 301 715
334,417 333,599
Creditors: amounts due within one year 11 ~19719 (24 348)
Net current assets 314,698 309,251
Creditors: amounts faIling due
after more than one year 12 (~50000
Total net assets 292,777 329,343
The funds ofthe charity:
General
unrestricted		 funds 252,777 271,093
Designated
funds		 15 40 000 40 000
Total unrestricted funds 292,777 311,093
Restricted 16 18250
292,777 329,343

Note 2021 2020
F 8
CASH FLOW FROM OPERATING ACTIVITIES ~414428 21 986
Cash flow from investing
activities
Interest received 692 2,327
Proceeds from sale of intangible
fixed		 assets 1,700
Purchase oftangible
fixed assets		 ~23 793 ~437)
NET CASH FLOW FROM INVESTING ACTIVITIES (21,401) 1,890
Cash flow from financing
activities
Proceeds from borrowing 50000
NET CASH FLOW FROM FINANCING ACTIVITIES 50,000
Net increase
in cash and cash equivalents		 (85,821) 23,876
Cash equivalents
at 1 April 2020		 301 715 277 839
CASH EQUIVALENTS AT 31 MARCH 2021 215,894 301,715
Cash and cash equivalents
consists		 of:
Cash at bank and
in hand		 215,894 301,715
Reconciliation
of net income to net		 cash flow from operating activities
2021 2020
8
Surplus for the year (36,566) 14,056
Depreciation 15,805 10,202
Sale oftangible
fixed assets		 (1,700)
Interest received (692) (2,327)
Movement
in creditors
Movement
in debtors		 (4,629)
~86639		 5,250
~5195
Net cash flow from operating
activities		 (114,420) 21,986

General Restricted Total Total
Funds Funds Funds Funds
2020 2020 2020 2019
F 6
Note
Income
Donations
8 legacies		 3,659 28,250 31,909 27,575
Income from charitable activities 4 687,847 687,847 693,754
Income from other trading activities:
Fundraising
events		 2,825 2,825 3,097
Investment
income		 2 327 2 327 459
Total income 696658 28250 724 908 724 885
Expenditure
Costs ofraising funds:
Fundraising
events		 302 302 465
Expenditure
on charitable		 activities:
Phoenix Project costs 700 550 10000 710550 705873
Total expenditure 6 700 852 10000 710852 706338
Net income/(expenditure) for the year (4,194) 18,250 14,056 18,547
Transfers
between		 funds 17
Net Movement
in funds		 for the year (4,194) 18,250 14,056 18,547
Fund reconciliation
Total funds brought forward 315287 315287 296 740
Total funds carried forward 311,093 18,250 329,343 315,287
General Restricted Total Total
3
Grants and Donations		 Funds
f		 Funds
6		 2021
F		 2020
Individuals 161 4,000 4,161 1,410
Other charities 5,000 5,000 456
Corporations 1 838 1 838 30043
1,999 9,000 10,999 31,909

General Restricted Total Total
Other income Funds Funds 2021 2020
E E E
Insurance
income		 81,542 81,542
Government
Grants
—Coronavirus
Job Retention Scheme		 194,267 194,267
—Local Authority 10000 10000
285,809 285,809

Expenditure.
Charitable Support Fundraising Total Total
Expenditure Costs Costs
f		 Governance
E		 Costs
6		 2021 2020
E
Project costs 6,561 6,561 27,420
Wages and pension costs 384,425 62,086 5,050 451,561 537,780
Training
and		 staff checks 1,809 1,809 3,836
Insurance 5,106 5,106 3,929
Rent and rates 39,148 39,148 38,300
Utilities costs 4,526 4,526 9,844
Repairs, household and
cleaning 11,146 11,146 22,557
Postage and stationery 834 834 1,628
Telephone,
internet		 and
IT support 6,365 6,365 7,163
Minibus expenses 11,858 11,858 21,315
Minibus
hire		 17,025 17,025 17,062
Independent examination and
accountancy fees 8,766 3,000 11,766 6,522
Miscellaneous expenses 1,925 88 2,013 2,829
Legal and Professional fees 564 564
Profit on disposal of (1,700) (1,700)
motor vehicles
Advertising 465
Depreciation 15805 15805 10202
505,397 70,852 8,050 88 584,387 710,852
FO R THE YEAR ENDED 31 MARCH 2021 R THE YEAR ENDED 31 MARCH 2021
7 Incoming/(outgoing)
resources for the		 year 2021 2020
F 6
This is stated after charging:
Depreciation
on tangible		 fixed assets 15,805 10,202
Operating
lease charge		 17,025 26,484
Independent
examination		 fee 3000 3000
35,830 39,686
8 Staff costs 2021 2020
F F
Employee costs during the year amounted to:
Wages and salaries 407,258 479,983
Social security costs 16,196 25,431
Pension costs 28 107 32 366
451,561 537,780
Staff costs are allocated as follows:-
Project costs 384,425 468,426
Supportcosts 62,086 64,012
Governance 5050 5342
451,561 537,780
or other expenses. Trustees'
inde
Tangible fixed assets		 mnity
insurance
is paid		 by the Char ity.
Fixtures & Motor
Cost Fi~incise ~Ei t Vehicle Total
6 F
At 1 April 2020 2,978 23,362 38,365 64,705
Additions 1,798 21,995 23,793
Disposals ~8200 L88200
At 31 March 2021 2,978 25,160 52,160 80,298
Depreciation
At 1 April 2020 2,014 19,066 23,533 44,613
Charge
in the year		 148 2,492 13,166 15,806
Eliminated
on disposals		 ~8200 ~8200
At 31 March 2021 2,162 21,558 28,499 52,219
Net Book Value
At 31 March 2021 816 3,602 23,660 28,079
At 31 March 2020 964 4,296 14,832 20,092

THE PHOENIX PROJECT (IOW) THE PHOENIX PROJECT (IOW) THE PHOENIX PROJECT (IOW) THE PHOENIX PROJECT (IOW) Page
NOTES TO THE ACCOUNTS continued
FOR THE YEAR ENDED 31 MARCH 2021
10 Debtors 2021 2020
F F
Debtors —fees for day care support 34,511 26,652
Other debtors —insurance
income debtor		 81,542
Prepayments
and accrued income		 2470 5232
118,523 31,884
11 Creditors: amounts
falling		 due within one year 2021 2020
E E
Creditors —amounts
due for project costs		 7,488 8,358
Loans
Other taxes and social security costs 4,220 6,002
Accruals and deferred
income		 4,831 5,630
Pension contributions
due		 3 180 4 358
19,719 24,348
12 Creditors: amounts
falling		 due after more than one year 2021 2020
6
Loan 50,000
13 Financial instruments
2021f 2020
6
Carrying amount
of financial		 assets
Debt instruments
measured		 at amortised cost 250,405 328,367
Carrying amount
of financial		 liabilities
Liabilities measured
at amortised
cost		 ~69719 j24 327)
180,686 304,040

2021 2020
Land & Land &
~Bildi
f		 0th
E		 Buildlncus
F		 Other
f
Expiring:
Within 1 year 9,492 7,080 9,492 16,992
Between 2 and 5years 7 080
9,492 7,080 9,492 24,072

Total Total
General Designated Restricted Funds Funds
Funds Funds Funds 2021 2020
F F E Z
Tangible fixed assets 28,079 28,079 20,092
Current assets 294,417 40,000 334,417 333,599
Current liabilities (19,719) (19,719) (24,348)
Non-current liabilities ~50 000 L550000000
252,777 40,000 292,777 329,343

Compar ative
analysis		 of net assets b etween funds
Total Total
General Designated Restricted Funds Funds
Funds Funds Funds 2020 2019
E E E
Tangible fixed assets 20,092 20,092 29,857
Current assets 275,349 40,000 18,250 333,599 304,528
Current liabilities ~24 348) ~24 348) ~19098)
271,093 40,000 18,250 329,343 315,287