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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|
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|FOR THE YEAR ENDE|D|31 MARCH 20|22|||||
|---|---|---|---|---|---|---|---|
|||||General|Restricted|Total|Total|
|||||Funds|Funds|Funds|Funds|
|||||2022|2022|2022|2021|
|||||E|E||E|
||||Note|||||
|Income||||||||
|Donations 8legacies|||3|4,883|5,306|10,189|10,999|
|Income from charitable|activities||4|545,381|751|546,132|245,839|
|Income from other trading||activities:||||||
|Fundraising
events||||2,097||2,097|4,482|
|Other income|||5|40,665||40,665|285,809|
|Investment
income||||387||387|692|
|Total income||||593413|6057|599470|547821|
|Expenditure||||||||
|Costs ofraising funds:||||||||
|Fundraising
events||||24||24|88|
|Expenditure
on charitable||activities:||||||
|Phoenix Project costs||||574 027|4 500|578527|584299|
|Total expenditure|||6|574 051|4 500|578 551|584387|
|Net income/(expenditure)||for the year||19,362|1,557|20,919|(36,566)|
|Fund reconciliation||||||||
|Total funds brought
forward||||292 777||292 777|329343|
|Total funds carried forward||||312,139|1,557|313,696|292,777|
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||||||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)|
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|||||General|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Funds|
|||||2021|2021|2021|2020|
|||||E|F|E|F|
||||Note|||||
|Income||||||||
|Donations L 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|547821|724 908|
|Expenditure||||||||
|Costs ofraising funds:||||||||
|Fundraising
events||||88||88|302|
|Expenditure
on charitable||activities:||||||
|Phoenix Project costs||||579847|4452|584299|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|
|||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|
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|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|
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|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|
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|||||||
|---|---|---|---|---|---|
|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|
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|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|
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|||||2022|||2021|
|---|---|---|---|---|---|---|---|
||||Land &|||Land S||
||||~BilCh||0th|~Buildin s|Other|
||||8||||F|
|Expiring:||||||||
|Within|1|year|9,492||5,870|9,492|7,080|
|Between||2 and 5years||||||
||||9,492||5,870|9,492|7,080|
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||||||Total|Total|
|---|---|---|---|---|---|---|
|||General|Designated|Restricted|Funds|Funds|
|||Funds|Fundsf|Funds
E|2022
F|2021
E|
|Tangible|fixed assets|13,357|||13,357|28,079|
|Current|assets|277,812|40,000||317,812|334,417|
|Current|liabilities|(17,473)|||(11,473)|(19,719)|
|Non-current
liabilities||||||L550000000|
|||273,696|40,000||313,696|292,777|
|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|
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