2022-03-31-accounts - The Phoenix Project (Iow)

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			~Pa es
Charity Information
Trustees' Annual Report
Independent Examiner's	Report
Statement of Financial Activities		(incorporating
summary income and expenditure		account)
Balance Sheet
Statement ofCash Flows			10
Notes to the Accounts			11-20

					2022 E	2021 f
CASH FLOW FROM OPERATING	ACTIVITIES		(See below)		96782	~114420
Cash flow from investing activities
Interest received					387	692
Proceeds from sale of intangible fixed assets						1,700
Purchase oftangible fixed assets						~23793
NET CASH FLOW FROM INVESTING		ACTIVITIES			387	(21,401)
Cash flow from financing activities
Proceeds from borrowing						50,000
Repayment of borrowing					50000
NET CASH FLOW FROM FINANCING		ACTIVITIES			(50,000)	50,000
NET INCREASE IN CASH AND CASH		EQUIVALUENTS			47,169	(85,821)
Cash equivalents at 1 April 2021					215894	301 715
CASH EQUIVALENTS AT 31 MARCH		2022			263,063	215,894
Cash and cash equivalents consists		of:
Cash at bank and in hand					263,063	215,894
Reconciliation of net income to net cash flow from			operating	activities
					2022	2021
					E	E
Surplus for the year					20,919	(36,566)
Depreciation					14,722	15,805
Sale oftangible fixed assets						(1,700)
Interest received					(387)	(692)
Movement in creditors					(2,246)	(4,629)
Movement in debtors					63744	~86639
Net cash flow from operating	activities				96,782	(114,420)

		General	Restricted	Total	Total
3	Grants and Donations	Funds E	Funds E	2022f	2021 F
	Individuals	3,083		3,083	4,161
	Other charities	500	5,306	5,806	5,000
	Corporations	1 300		1 300	1 838
		4,883	5,306	10,189	10,999

Income from Charitable Activities relate to fee related activity and event income.	s and charges for da	y-care services	, session	fees an
	General	Restricted	Total	Total
Other income	Funds	Funds K	2022 f	2021 E
Insurance income				81,542
Government Grants
—Coronavirus Job Retention Scheme	25,665		25,665	194,267
—Local Authority	15000		15000	10000
	40,665		40,665	285,809

Analysis ofExpenditure	Analysis ofExpenditure	Analysis ofExpenditure
The Trust incurs expenditure			in running the	Phoenix Project (IOW).		Support	costs are		allocated	on abasis
consistent with the	use	of resources. Governance			is as listed	below,	but	is included in		Charitable
Expenditure.
			Charitable Costs	Support Costs	Fundra ising Governance Costs				Total 2022	Total 2021
Expenditure			F	F	E		E		F	E
Project costs			17,182						17,182	6,561
Wages and pension	costs		360,893	53,530	4,247				418,670	451,561
Training and staff checks			4,649						4,649	1,809
Insurance			4,540						4,540	5,106
Rent and rates			26,713						26,713	39,148
Utilities costs			8,402						8,402	4,526
Repairs, household	and
cleaning Wood 'n' things machinery			23,396 4,500						23,396 4,500	11,146
Postage and stationery				784					784	834
Telephone, internet	and
IT support				8,491					8,491	6,365
Minibus expenses			19,486						19,486	11,858
Minibus hire			15,409						15,409	17,025
Independent examination		and
accountancy fees				4,248	3,000				7,248	11,766
Miscellaneous expenses			2,447					24	2,471	2,013
Legal and Professional fees			1,888						1,888	564
Profit on disposal of										(1,700)
motor vehicles
Depreciation			14722						14722	15805
			504,227	67,053	7,247			24	578,551	584,387


7	Incoming/(outgoing) resources for the		year	2022	2021
				E
	This is stated after charging:
	Depreciation on tangible	fixed assets		14,722	15,805
	Operating lease charge			15,409	17,025
	Independent examination	fee		3000	3000
				33,131	35,830
8	Staff costs			2022	2021
				E	F
	Employee costs during the year amounted		to:
	Wages and salaries			378,445	407,258
	Social security costs			17,046	16,196
	Pension costs			23 179	28 107
				418,670	451,561
	Staff costs are allocated as follows:—
	Project costs			360,893	384,425
	Support costs			53,530	62,086
	Governance			4247	5050
				418,670	451,561

or other Tangible	expenses. Trustees' inde fixed assets	mnity insurance is paid	by the Char	ity.
		Fixtures &			Motor
Cost		~Fittin s	~Ei	r	Vehicle	Total
		K				8
At 1 April	2021	2,978	25,160		52,160	80,298
Additions
Disposals
At 31 March 2022		2,978	25,160		52,160	80,298
Depreciation
At 1 April	2021	2,162	21,558		28,499	52,219
Charge in	the year	123	1,436		13,163	14,722
Eliminated	on disposals
At 31 March 2022		2,285	22,994		41,662	66,941
Net Book	Value
At 31 March 2022		693	2,166		10,498	13,357
At 31 March 2021		816	3,602		23,660	28,079

THE PHOENIX PROJECT (IOW)	THE PHOENIX PROJECT (IOW)			Page
NOTES TO THE ACCOUNTS continued
FOR	THE YEAR ENDED 31 MARCH 2022
10	Debtors		2022	2021
			F	8
	Debtors —fees for day care support		50,295	34,511
	Other debtors —insurance income debtor			81,542
	Prepayments and accrued income		4454	2 470
			54,749	118,523
11	Creditors: amounts falling due within one year		2022	2021
			8	K
	Creditors —amounts due for project costs		5,174	7,488
	Loans
	Other taxes and social security costs		4,982	4,220
	Accruals and deferred income		4,247	4,831
	Pension contributions due		3070	3 180
			17,473	19,719
12	Creditors: amounts falling due after more than one year		2022	2021
			E
	Loan			50,000
	The bank (Covid bounce back) loan was repaid	in full in the period.
13	Financial instruments
			2022 f	2021 E
	Carrying amount offinancial assets
	Debt instruments measured at amortised cost		313,358	250,405
	Carrying amount offinancial liabilities
	Liabilities measured at amoitised cost		~17473	~69719)
			295,885	180,686

Compar	ative analysis	ofnet assets b	etween funds
					Total	Total
		General	Designated	Restricted	Funds	Funds
		Funds K	Fundsf	Funds E	2021 F	2020 E
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			~50000
		252,777	40,000		292,777	329,343