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||||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|
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|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|
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|||||||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|
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||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|
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|||||||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|
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