Charfty ro9lstratlon numbar 1141567
Company reglstratlon number07508521 (England and Walul
THE PHOENIX PROJECT (IOW)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE PHOENIX PROJECT (IOW)
LEGAL AND ADMINISTRATIVE INFORMATION
Tru$tee8
Mr G Kendall
J E Newton
A se[￿r$
Mrs V J Hein
MsAJame>Neau
pdntsd 4Apnl 2024)
Sonlor managemont
Sarnanlhawhithngham
Chi8fexgartive offi¢er
Chaiity rtumbor
1141567
Company numbgr
07506521
Reglstered offlce
The Phoenix Cenlr
36 Salbrs Road
Haylands
Ryd&
Isle of Wlght
P033 3HU
Indèpgndènt wminèr
Moore {South) LLP
9 St Johns Place
NgWPOrt
Isle ofwght
England
P030 1LH

THE PHOENIX PROJECT (IOW)
CONTENTS
Pagè
Trnstees. report
Independent examinats raport
Statement of financlal 8divities
8nce sheet
StatsrDenl of cash flowB
10
Notes to fhe financial statements
11-23

THE PHOENIX PROJECT (IOW)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
Thg Trustees presgnt thelr ￿nUal report and thancial sl*m8nts forthè yo¥ènd&J 31 M8rch 2024.
Tha finarKial st*ments have been preparèd ateord#ne• wlth thè accaunllng policies Get i)ul In nole 1 to the
fknandal statements and cgmply wlth the ChaiiVs s Memorandum and Artrdé8 of Assoclallon, thé Companlas Act
and 'A￿unting and Reptsrttny by Ch8ritias.' Stalamènt ot Recommended Practice appli¢Able lo ¢harili9s
preparlng Ihelr ?ccount¥ in aCcOrdar￿ w5th the Financial RepOrtW￿ Standard appll¢abk kn thÈ UK and RÉrAJbllc of
Ireland (FRS 102). (effeetive 1 January 2019).
Oblectlves and adlvttl¢$
Objects ofthe Chartty
The r¢r￿f of people a need by ￿rtuÈ of thdr lèamlng dlsablllty and prevenllon of the same. Such reThef and
prevention to be by any ar￿ gvery means induding Ihe proVi￿On OT prorjjring of rÈcrègb"onal and orxupallonat
8Gbvttles, car8, advocacy. treatrnenl, ¢du¢>bonal traSnlng and other support o)rnmensurate with Ihelr ne￿&
Leaming disth1ty shall mean any mental handicap or dÈvèlopmÈntal dlsabllty of the mind and any associ8t8d
condillon hNsoever and I￿1h whatsoever vJnsequ¢ncos.
Oblectlves of thg Charity
The Phoenrx Projects obiedivo is to pro￿￿8 a uniquè. ffl*Afble. hlgh-quality seNl¢e for Ind￿ld￿alS vAlh Aullsm and
Leaming D153bnili95, offertng a raNJe ol valued aclwllie5. Many indiwduals with Auttsm and L£grning Dlsabllltlas
face challenges such as isolat￿, difficu￿&5 in maklTrg and maintaining frient15hlps and a tack of independenc6
whlch have a masslv¥ Impact on thelr abllity to reach their full poténtlal. ènjoy lifè. and ￿ntribUte to soclèty. Th8
PhoenSx Project pwdes an expert and highty motiv8tianal 5PEcTrali5t envlronmenl within people can leam
naw skilT5. malntsln frfendshlps, and develop irEdÈpendence.
Volunteers
Thg Ph￿niX Project has a group of much valued Voluntee￿ wa￿1ng ak¥ngsldè our staff team. enabling saNce
users to have additional support when participatlng In adMle& Over the past year votunteer8 have provided over
100D addth)al h￿r$ to Ihg service. We mlly appreeiats Ihat they give up th8ir own time to 8UPPOrt the
organisatlon.
Pubkc benefft
Thg Tru819￿ have pahj due regard to guidance i83ued ty th8 Charty Commlss(on In dwAding what adiwities the
Charity Bhould undwtakg.

THE PHOENIX PROJECT (IOW)
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achlevements and performane•
Signiffcanlacliwli&s 8ndaohAgyementsagalnstobJ&el
The Phoenrx Projecl continues lo fu]fil Its mlsslon of prowding a unique, fioxb￿. h￿h-qu4￿ty seNlce for adults
wHhAutlsm and Le8mlng DlgabElthes.
usef8 havè beèn abb to part￿1pOle In a wlde vart8ty of different athitM over the past yéar, leamlng
d developlng skls and ¢xpr85$1ng thgmselves through creatNe ijuue
have been able to empby a dan¢8 instnjctor this year who has introduced now dance lechniquÈ# artd
encouraged greaterparttaP3ti0n.
We have beèn fortunate to havg boen ablp to purchase 2 wheeld]air a¢xasslblB vehKle¥, Ihes& glvg $grvlc&
usors thB ability to acce88 the commvnity Bnd tsk8 part In acthAftès, Including golf. swimming and sp8d81 events.
Unfortunatety, bad weather has meant that several key events Ihai ourwoothyork and gardenin9 groups usually
atteThJ hav¢ been wicdleil.
The gardening group hav6 expanded their ¢vstom¢r base. throu￿ growEtg and selllng pl8nts and v8gelables.
maling up Veg boxes Ihal aro sold to ￿$tOMerS in the local area.
W)od 'n' Thlng5 have conltnued to dgvelop woo(hYoTk prc¥Jucls to sèll. n8w for 2023 havg
Indud8d Vthndmlll planters. The group have made bespoke Items for 88veral other charity organlsatiorhs
indurfing benches for the donkey sancluary and sh8lvin9 arKS troueys for thè Isjè 0[￿ght food bank. Monoy waG
rat*d lo purth8¥6 a CNC macknin&
IM]Ilst we do use ¥p&¢ifK kgy pthan¢e In¢ficatOTS to measura outpuls, we Ih)Id regular meeUng8 and
rovjèws sarvirA users lo monilor the ouiwm&s of their wHh the Charity. Many of our sÈpAc• vsérs ar8
long4gm re¢ipients of our athvili￿ and caro.
Sadty, on? of w original volunteeF5 pa5S8d away. Ken h•J wothed tireles* to Sat up th• wotkshop. wortung
whh thg slaff and $eNIc8 usets over the past 5 years. We werè so gralefijl everything he thd. he is r881ty

THE PHOENIX PROJECT (IOW)
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (COl+lTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
stafflng
Thè Straff team ar8 W to ￿SUring our eustomers ra(*iv6 a qualty promsion. We conllnue to Strive to d811￿r an
xcellenl servicE, wlth Importance p￿Ced on ensuring that 8taff are It¥ined lo a htgh 8tand8rd.
Ovar tho past year 81aff have undertaken addltional tsning in ar8a8 addrèsskng physi¢al hea1￿ mobility and
commllnk8lbn.
We have been very fortunate to h8vèWèI￿rnttd sèveral now volunteors. of VAFwng agaswtto all Lylng something
neèj lo the senAce.
Fundrnithgpgrfom7anGg
Fund Ralslng & SupporL
We havg fvndr¥is¢d in a vartety of ways In¢TudSrwJ tho]r performances at Tesco and A8da, sales on eBay. raffles
and the Christm28 Bazumblé.
Donations have been ror*￿ad frttm bofh IndNkJuAls and organisathons. indudlng money donated trj th8 ￿ntro in
met￿￿1aM ofpassed Serv]￿ users.
We havg iwi fvrtunale to grant funthng from Hampshire arKI Isle of I￿g￿l Communlty Foundallon for
dance tuition. Borrat Homes for 8 CNC mathine #nd IW Fcundatton for a new conserwdtory.
Wo are uratsful for all don8lh)ns trAlth blg #nd small, ￿ ha￿ re￿hftd overlhe pastyear.
111

THE PHOENIX PROJECT {IOW)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED}
FOR THE YEAR ENDED 31 MARGH 2024
Finanthl revlew
The Charity reported an overaH dofiot of £13.135 in the year lo 31 March 21724 (2023 - surplus of 26,147).
compri*ng a defieii of£13.353 on ￿n￿ra1 fvnds. and a 3urplvs of £218 on restrlded fijnds. b8fore transfers. I￿8141
incorne inrr88S8d by £9,456 wtnpared to lasl year. whilsllhg total expenditure inueased by £48.737.
Thè Ma￿rity of Iha tharitys Income derives from paymenls for care and actMtiBS promded payablè froTn the
benekiaries personal budgets. The d7arity ha5 strived to keep incieases in fees lo an affordable level and are sel
In negutlauon wlth Ihe10¢81 authority. The costs arè largely staff rdated and fink to the prO￿510n of thè Phoenix
Centre and those costs conllnu& to rfse In accordance v4ith pay sedlem8nis. tax and pènslon thanges and olher
sl pressures. ¢harfty SUPF4emenls Income with donallons and fimdratsing ad1￿1183, IncludlThJ 6mall grAllts for
equipment.
The Trustees betseve thal the tharity needs to build th¥ 103erv88 lo ev￿1e 6ervFc6s al th& curréntlovèl to coniimt6.
Although. re¢¢nl y¢ars iesutts havg been small defirAls and SVFpluses, theré 8re Ix)sl pressures forese&n in the
coming year, indudin9 nationat insurance rfses, so th6 twstees continue to explore ways to improv8 thè positton
and bulk5 re$etvEs.
During Ihe cur(ent year. thè de￿￿1 w8s EBrgety ue8ted by an upgrad8 to the conservatory. rèplacèment boller and
door, fundswero investéd in newnNnibuse&
Re59￿?￿polI￿Y
The Chwhty nBeds to awumulale resBNes to protec* the charity from unforeseen CIr￿mstanCes. and lo provkle
¢r￿￿1n￿￿Y oflls 8ervlce& AS the acti￿tieS￿ere tr3nsferted to Ih8 Charity from the NHS. togetherwlh slaffing costs,
there are polenlial future obllgauons fvy staff whom transferred under Ihg TUPE wulaltons. and rèsponslMIUes for
tho Ifrfaixdation3 and maintenance oflhe building. as well as developlng sèrvicas.
The T￿￿tee& hav8 theTefor& Continu￿ lo designate reserves lo pro￿d& for dèvelopTnent of the Senrt￿. and
lo pmifjde for futurè project ¢05ts, including senrtce develos)monl £10.OCQ, and property generalty £20.0(Ml. wh
maintslntng th6 conunulty ofthe Servi￿$.
The Oesignated reserves were therefore stated at £30.000 (2023- £120,000) as $EN)wn In rkol* 22.
Restriraed funds of £1,650 (2023 - £741 rewe5ent unspent donattons given specificalty for the purchasè of new
machkneryforlhe Wood'n. thin95 proiecE and forthe provision of weekty dance sÈ&8lons, as $hown in note 21.
A general fitnd reserve based on SSX month5 runnirwJ co8t8 Is consid8rod desirabla by Ihè Ttusl885. whith would
arnounl to £300.000. CurtentTy free re8erves at the year-end 8mounl 10 £231,798 after desfgnated and tsèd
8Èsets. which represents 4 months operaung costs12023 T888Ne5- £209. 5541.
T￿l$Ve] of reserves I￿ugh1 foThYard. plus the small defi￿1 ￿ tho year lo date have provtded the Trustaes wtth th8
reasonable expectatton thal IhE Chaiity can wnllnue lo fflanage these operalional rtsk& Consequently, the Trustees
bebeve thal il 1$ approwlale lo applythe going concem basts ol a￿u￿41￿9 in pr8wing these accounts.
Responsibllity for tha day lo day operation of the funds donated and received by The Phoenlx Pr0￿cl has beèn
deteu4led lo the financ4 ￿MMIttee. Currenly the fund¥ aro hold on deposit with the Charivs bartkers.
Majorhsks
The Trust88s have eonslderèd Ihè tisk8 that the Charfty faces. and hav9 implgm9nted pofNios to m8nag• 8nd
S81gguard Ihe charity froTh ailverse effeds. Al rtsks on tha rlsk reviow are monttored regulady. and 811 Èctwtt4e$ and
seTrice users have individual risk assèssmèftts. A tore part of the rfsk assessment PttsE9581s m¢Jnitoring the car•
and 8(IhAUes provklèd for $eNi¢o users.

THE PHOENIX PROJECT (IOW)
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Plans for futuro p•rfods
ov￿ thè nexi year wé are ljoking to wort mor¥ dos61y with other prn￿ders and tho bcol authority In order
better under51and fvture iequir8m8nls.
We are looking to providÈ add￿onal staff trainillg, including training $pecifK to SUPPDrt relationship and aid better
communlcaJon.
Ovw the eomln9 alm Is to ratso funds to kn¢rease Ihè bulldlngs ac¢esslblllty. to pro￿de indMdual8
wilh gr8akT independen¢e.
Stmoturèi gov•rnan¢a and m8n8g£mont
Thè Charlty ts In￿rporate￿ as a eornpany limitèd by guarantee and is regi51ered in England and Wa]es wtth thè
registered number0750852q. Th8 cornpany has n9 share capttal allhough the subs￿bErS of th8 Memorandum aro
obliged lo contribute a Sum towards ¥etWing Jia l￿bI￿.11￿S not excoedirvj £1 each In Ihe event of winding up the
Charitable Company.
Thg Ch8Tity Is r8glste¥ed wth tho Charity Comrnissjon tho registered number 1141567. Tho Charitab
Comp8ny was incorporated (x) 27 January 2011. and establtshed 8s a ehsirfy by [15 MemDrandum and Artid85 of
A650ciation on 21 April 2011.
Thp Charity is conlrollpd by a board of Twst8e8. w5th day to day TnanagèTnènl dglggaled to Ihg Chief Exgcutiye
Officer. Tho Trustees Are also th& direcknrs ol the chaTitable ¢ompany for the purposes of charity law. The Board of
T[L￿ts95 rneg15 quarterfy. and ha¥ 9Stablishgd ¢orTmfttg9s trj l¢)ok at speofi¢ aw$ of Ihtr Ghaiws woth. 8u¢h
the Ftnance Cornmittee. Govern8nce and RISK and Fundrai8in9.
A￿angements foT the rwew ofstaff 15 und￿k￿ bylhg Tru¥lgg5- althgugh staff pay irv¢a8gS 9ukled
bylncTease5 In mlnlmum and INing wage levels.
The Trustee8. who are also thg diroc*¢rs fgrthe purposo ofcompany law. and who sewf du￿n9 the yw and up to
the date ofsignatyre of the ffinanoal slatem8nts weie:
Mr D Ive$
IResigned 28 February 2W)
Mr G Kendall
MrGLDay
J E Nevrton
Mr R EIU5
ASelfjr¥
rsVJH¢in
MsAJames-Neau
{Ro$19n￿ 28 FebFU8ry 2024)
(R?slgned 28 Febwary 20241
(Appointsd 4April 2ff241
R8¢nJilrngnl andsppointmant 01t￿Sta&S
TrustÈ8s arè appointéd by vlrtuè of thalr damonslratlng aNlhles of value to tha Charfty and by Invltallon of tho
current board of Trustees. The ehartty seeks 8 broad range of sknTs tts assist th8 charity. 8Rd ￿$0 seeks
representation from the project's 8takeholder8 and benefficbBrie8.
Twstees are pro￿ded an Indudion pack and tsainrng is p￿l￿ded. The TNslee3 have all urKlertaken trustee
awar￿asS tralnlrwJ.

THE PHOENIX PROJECT (IOW)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 IklARCH 2024
Thg Trustg
epurtwas approved byth8 Board of Twslb88.
JENewt
Trust0&
4N)eJh
22 January 2025

THE PHOENIX PROJECT (IOW)
INDEPENDEKf EXAMINER'S REPORT
TO THE TRUSTEES OF THE PHOENIX PROJECT (IOW)
I report lo Ihe Trusteas on my examination of the fthandal ststements ofThe Phoenix Projw* OOWJ Oh8 Charity} for
th8 yaar endéd 31 Trlarch 2024.
Responslbllltios and ba51s of report
As ihe TTUStees of the Charity land also its diFedors for the puwes of company law) you are r￿pOnsIble for the
prepatatltsn rrf th6 fjn8ndal slatèmnts K) aco)rdanc• ¥￿th the requir8m8nts of tha Companlés Act 20(￿ Oho 2008
H8vinu $JltsfieEf mysdf that the Iln8nctal stat8menls of the Charity are Th)t requlred to be audttad under P8rt 16 of
th8 2008 Act and are eligible for independent examlnation. l Teport in respect of my examlnation of the CharW8
nan(xal 8tat8m&nts Garrled out undér section 145 of tha Charities Aca 2011 {the 2011 Act). In cairylng oui my
examlnalion I have folkwed all the applicable DirecfjDns given by tho Charity Comrnlssion under section 145(51(bl
ofthe 2011 A
Inde￿ndant examlnets statèment
Sinc8 tha Chartty's gross incom8 •xc08ded £250,OOD your examw)er must bo a m8mbor of a body listed in sec￿On
145 of the 2011 A¢L l Confirm that l affl qu81ffj￿d to undertake the examinatton because I gm 8 member of th8
Instilute of Chartered Accountants in England and W81es, which (s one of Ihe li8ted bodies.
I have ￿Mpleted my examination. I confirm that no maltets h3V8 ￿)rne lo tTry attenlion in connedion with thg
e￿&MInatiOn gi￿ng me cause to b8]ieve Ihat in any maleT(al respect:
occouning records were not kopl in resped of the Charity as requred by section 386 ofthe 20￿ ACL or
Ihe Ilnandal statements do not accord wth thos8 re￿rdS., or
Ehe ￿nan￿31 statements do not ￿rAY wlh the a¢￿￿v￿li￿9 r8qUiTements of 89¢tK)n 396 of the 2006 Act other
Ihan Any tequlremenl ihat th8 ar¥))unts give a true and fair viewwhich is not a mattor Djnsideied as part of an
independpnt ex8rninatitsn' or
th8 ffinanu81 st8t8rnents have not been prepared 6n 8Ltor4lance the method5 and ptinciple5 1st the
statement of Recommended Practkg for a￿OUnting and lgpgtting by thatities applicable to ¢hariti88
preparing thelr accounts in 3¢0)rdan￿ with the Flnan¢ial Reporting Standard applicable n the UK and
Repuiqic cf Ireland IFRS 102).
I have no ￿t￿m$ and have CA)me across no other matters In (onnedon wlth Ihe examinatlon to whlch attenuon
Should be drawn in this rep
in orderlo enable a pr()per und8r5tanrfin9 oflh¢ ffinawal ststements to be reached.
Tc)MJdio
Danl81]e GI1￿[n FCA
Moore (South) LLP
9 StJohns Place
Newport
Isle of Wght
P030 1LH
gla￿j
Lf

THE PHOENIX PROJECT {IOW)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrfoted RèstActed
funds
funds
2024
2024
Totsl Unre8tr1cted Restrl¢ted
fund8
funds
2023
2023
Total
2024
2023
Nolos
Income from..
Donal(ons and legades
Charilabye activities
Othertra(fing adivEMe8
Inveslments
4.581
806.139
3.034
2.239
22,040
26,621
606.139
3.034
2.239
3.757
620.032
3.184
4,757
620,032
3.184
Totsl Income
615.993
22.040 838.1r33
627.578
628,578
Expondlturo on".
Rai5illg (unds
Chawitable acknvili85
othw 8xperKlrtui8
60
602A71
828.194
24.762 650.956
602.371
13
Toial 8xpendltura
626.4(
24.762
6Sa.168
602.431
602.431
N•t IncoM•llexp￿JdItura)
(10.413)
K7221
{13,135)
25.147
26.147
Transler8 betsveen
funds
(4,298)
4.298
2.483
{2.483)
Not movoment In
funds
10
{14.7111
1.576
(11135)
27.630
{1.4831
26.147
Raci)nciliation of funds:
Fund b818neAs at 1 Apfil 2023
339,769
74 339.843
311139
1.557
313.696
Fund balanc•s at31 Mareh
2024
325,058
1.650
326.708
33&769
74
339.843
The statement of finandal 8cthiitlès indudes al ga￿￿ and k)sses recognlsed In the year. AD In￿m6 and expendkure
dewivefram contin￿n9 activilles.
The noles on poge8 11 to 23 form pgrtoffhe88 fin8nc4al statements.

THE PHOENIX PROJECT {IOW)
BALANCE SHEET
AS AT31 MARCH 2024
2024
2023
Notes
Flxed a￿￿ts
Tangikle 8$8¢ts
15
68.220
10,215
Current assets
Debtors
Cash at bank and In hand
16
63260
44.260
300.629
299.705
344,889
Creditor5: amounts falllng due wilhln
gne yèar
17
{41,217)
{15,261)
N9t curTgllt wets
258,488
329,628
Total ass•ts Itss cuThont Ilablllllgs
326,708
339,843
Th• lunds ofthe Charity
Restsicled Incorne fynd6
Unrestricted funds
20
21
1.650
32S,¢)S8
74
339.789
326,708
339.843
The notes on pages 11 to 23 form patof Ihe$6 Ilnan¢lal $tstem¢nls.
The ¢ompany Is entitled to the exempllon from tho oudlt reqthment rLffitained In sectlon 477 ofthe CompanlesAct
2006. for the year ended 31 March 2024.
Tho direcEors aCk￿￿edge their ￿￿￿n$1b11iti￿ for complyln9 wlth Ihfj rgqutremgnts of the Companlps Act 2
with r85P8Ctto a￿u￿tIng records and Ihe weparation of financial stal8m8nts.
The members hav8 not required th8 t￿mpary to obtain an audit of its finanoal ststémènts forth• Y￿ In quastion In
8wdan¢s wlth sgcuon 476.
These financlal statements hav& been prepared li •>Y)rdar￿ with thè pmision3 appftsblè lo comp￿leS subleG
the sm8]l ¢ompanlfrs reglmo.
Thefln
slatements were approved bythe Truslees on 22 January 2025
JEN
Thjst
on
Company Tegistra￿n numbw 075(18521 {England and W¢$)

THE PHOENIX PROJECT (IOW)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Note8
C•9h flows from operntlng acllvltles
Cash generated from operations
25
8XL3
41.281
In¥￿tIng activilleg
PufeJ)aaÈ of tangibl8 fixed assets
InvèAknénf income raxved
(74,64SJ
2,239
(4J20)
605
Not ¢ash u$od in Itt￿$ting actmlles
ff2.4OY)
(3,715)
Ntyl cash used In finan¢in9 activStles
N&t (dg¢r8a$•)nn¢rea8e In cash and Cash
equlvalents
(64.1841
87￿60
Cash ￿ cash equwdents 81 be￿nnIng ofyear
31x1.￿9
269,OB3
Cash and ea8h oqulva19nts atend olyear
236.445
300.629
The notes on pag¢¥ 11 to 23 form M ofthese financ#d stalamenfs.
10-

THE PHOENIX PROJECT (IOW)
NOTE8 TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
A¢¢ounOng pollcl8S
Chaity Inlomiatlon
Th8 Phoenix Project (IOW) is 8 private ¢ompany nmlted by gUAf8nlee incoTForated In Engl2nd Wales.
Thg r8gistored office i¥ The Phoenix Centre. 36 Salters Road. Haylands. Ryde. Iste of Wwhl. P033 3HU.In
lh8 event of the d)#rity wound up, Ihe li*blhty In respect of the uuaranlee Is fimiied to £1 memb8r of
lh¥ charity.
1.1 Accountlng ¢onventk)n
The finanaal statements have been prepared in acwTdance with th8 Charit￿$ memorandum and aTbdes. the
Companies A¢1 2006. FRS 102 Financlal ReportÉng Standard appfjcable in th¥ UK Rgpyblic of
Iretand. CFRS 102? and the Charities SORP 'Accourhting xrt(l ReporbryJ by Charilfe8.' Stslement of
R¢commended Practlce appllcable to chafilies prepar*ng Ihelr accounts in accordance vllh the Financial
Reporfing Stsndard app￿¢¥b]e in the UK and Republlc of Ireland (FRS 102}"18ffedsve 1 January 2019). The
Charity is a Publlc Benefft Enttly as defined by FRS 102.
The financial statements aJe prepared in sterfing. which 15 the functional currenGy of Ihe Charfty. Monetsry
amgunts In thps9 finandal stalemenl$ are roundwj to the nearest
The finandal statements have been prepared under Ihe hislorKal o)st conventlon. The prfncApal accountlng
pthes adopted aro set out bth.
1.2 Golng concem
At Ihe titne of ap&¥Ov￿79 Ihe finanoal statements. the Trustees hav8 a ￿aSonable exkw1a1i￿ that Ihg Charity
has xdtquats rè$ourees trt continu8 in opèrational existence for tha forèseeablè luture. Thus the Twstges
contlnue to adopt the go￿9 concern bas15 of accounting in preparing Ihe financial slalemenls.
1.3 Chartiabl• fund$
Unrestricted funds are available for use al ths ￿lSe￿alk)n of the Trustees In fvrtheran¢e of the general
oblectives of the Charfty. and whtth have not been designated for other ptsrposes.
Designated fvnds (¥mprise funds vthi¢h have been set aslde at the discretion of the Tru$iÈes for specific
PUfPOS8s. The purposes and u5B5 Dflhe de51gnabJ funds a￿ Sel out in the nobs lo the ffinancial 5taletll8nts.
Restrtcted fvnds are $ubj8¢* tt> spgiyfic by dDnots or gralltQTS as to how they may bg U59d Thg
purp08es and u8e8 of the Te8trfthd funds are Set oul in ihe not$8 lo the fflnanThal 8tatemen
1A Income
Income is recognised when the Charity is leyally entitied to 11 after any perfomianc• condi￿On$ have been
m8( thè 8mounts can be meAsured reTh8Ny. and H Is probable that Income wlll be re￿Ned.
Legades are re¢￿J￿Ised on re¢e]pl or Othe￿ If Ihe Charlty has been notllled of Èn Impendlnu d1stribut￿n,
Ihe amount is known, afKI Te￿IptI3 expected.
Grtt8 In arg reco9nlsed In the Statement of Flnandal A(al￿tIeS on the basls of v￿ue to thB charfty where
the cost can b& ascertained and figwes obtsined wfth a high degree of certainty. No amounts have b8en
iDdud8d for dgn*d time by vDlunt8èrs.
Gtant IncoTne includlng govemmont gr8nt8 arg recognised when Charity is entitled to fhe fun¢8, Ihe
recelpl Is probable, and the amourrt6 ¢xn be quantified.
Incoma foT the f88s for s8rvlc8 d8fvery and tharge5 for day ser¥kes and actMli8s at th• Pho8nri Propct a
r8fl¥cted in tha perfod thts3e Ser￿￿8 arg deUverÉd.

THE PHOENIX PROJECT (IOW)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
A¢ctsunllng pollclés
Icontlnuad)
Inojmo oam8d from fundr8lsirtsJ avenl$ and trathnu activmtes to ralse ftmd8 for Ihè tharfty are rocognised
vthen gntiU8rnenlha8 occu1￿1.
Glft ahj Is r8cognb9d lollovAng rec¢lpl of the dalm from the Inland ReveNJ
Inv&shnort Incomè is eam8d thTough holding assets for hwestmenl purpos88 sud) a8 ¢2sh deF4)sits.
1.5 Fxp•ndtturn
pendilure Es re￿￿gnised onca there Is a leg¥1 or construruve obligauon to transfer economlc boneffit to
thitd pawty, it 15 probable that a transfer of econ￿ benefts wil bè re9vir￿ in s8fli8ment, and the arno￿1 of
the obligation cart be measure41 refiabty.
All expenthture rs accounted for an accrusls b8sls 8nd has b8en daSS￿￿ed under heathgs that aggregate
8ll (y)sts related to fhe category.
The Cost heading$ induding staff costs, thcuy attntjulable to th8 proiaci logether with support cosls
ompri81ng all serth8 supplted ceTrtrdly as identifiabEè as whotty or m8inty in support ollhe ac11￿ty.
Wh8r8 cannot be diredy attrlbuted they have been gllocal8d on a consÈstenl Y4th use of Ihe
Central OVeTheads are allocated on tha basls of th81r use wlth Ihè alm of 4nsuiiro that those ¢￿)stS rgmaining
wlhin govemanc8 reTr8t• to th8 m8nagèm8nt of fhg thanvs assets and com￿lance wilh u)nstilulional and
Statylory requrrgN]enls.
Res0￿ expEnded in¢Judo VAT. which c3F￿01 be recovered.
1.6 Tangiblg fixgd ass•ts
Tangible r￿ed assets are slat•d at cost Ipss 8(xumulated depre¢ialion and accumulatgd I￿￿1[￿￿nI losses.
Cost Indudes eosts direeuy attlltwlable to maktng the asset capablè of operating a8 Intended. Assets below
E500 rnay not be genera1lyca￿￿e￿.
Depr￿latIOn is r8cognis8d so as to wrlia off th8 CO81 orvajuathori ofassets less Iheir WKlual Wdlu9s overtholr
U5elul 11¥88 on lh8 fowowing bases:
Fthr85 and fftbngs
Mototvehld8S
Equlwrterrt
15% on iedu(¥ng balance
12.5% and 25% on stialghl Iln
20Yv and 33% on straighl lin¢
The galn or loss aiising on th8 disposal of èn a5Eei b5 as the differen￿ be￿n the sale proceeds
and the caftyng valuo o1th8 asset. 8nd Es re¢o9nised In the statement of finandal actlvHies.
1.7 Inwimiènt of r￿ed
Al each reportlng end dale. thB Ch￿ttY r8vi8ws lh8 carrying amounts of its tangibl8 assats to deternil
whether th6r• Is any Indlth thai those assets have sufferad an Impalmienl loss. If any 8UGh in(llcation
sts, the recA)verable amount of the assel Is esllmaied In to delomiinE the extent of tha impaimwrt
loss (ff an￿.
1.8 Cash and cash equlvalents
Cash and Cash equivaknts indude cash In hand, d¢po8Is held at ￿11 vnth banks. olh8r short-tgmi INwid
In￿51Mèn{S with original maturibes of three nw)nths or less. 8nd bank ovgrdraft8. Bank overdrafts aro Shown
within borrowings in ￿[￿ntIlabl]it[e$.
12-

THE PHOENIX PROJECT (IOW)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Acttounting pollcles
Icontinuèdl
1.9 Finan¢lal Instrumènts
The Charity h¥$ de¢ted to apply th8 pro￿S1On8 (rf Sècllon 11 'Ba8lc Flnandal InslNmenl8' and Sedttin 12
'Othèr Finandal Instruments Issues. of FRS 102 to all of itsfinanaal instrurnenls.
Flnanclal InstrUn￿ts &e reco9nised in the Charfvs balance sheet wh8n the Ch&ity becom&s party to the
ntradual pMVl$Io￿ oftho InslrumanL
Flnalldal as591$ and li3biliUgs aro *>ffseL wtth the t*1 am¢)unl$ presented In th¢ finandal statements, whfjn
there is a legalty enfort*8ble Iight to sel off the r&cognisÉd amounts and there is an intention to setlle on a net
bast5 orto realis¢ the assd and setue Ihe liabllity slmultaneously.
Bosk fin•ndalassets
Baslc finandal assets. which indude debtors and cash and bank balances. are initialty measured at
transaction prfc9 Induding transaction and arg 5ubsequgnlly carrled at arnort159d cost using the gffedivo
interest melhod unles5 the arTangement con$titut8s a fjnanung transactiOTh, where Ihe transarlion is
easuTgd at th8 PTes8nl valu8 of the future reGeipts diSGounted at a fflaiket rate of inteiesL Finanual a558ts
classified a8 receNablèwilhin one year are not amoritsÈd.
Bssie ffnan¢i•llf•biltties
Basic fiThanclal liabil￿e￿. induding creditor$ end baTrk loans are Inllalty Teoognised at tran5?¢tson pri¢e unles$
tha arrangement oJnstilute3 a finanung transÈctién, whÈrè the debt in8bvm8nl is measured at the present
valu8 of the future payments discounted at a wnatkEI ratE of Inlerest. Flnanclal fiabililEs dassthed a5 payable
wtthirj one Wè not arno￿$&d.
Debt Instrumwts subsequenuy rarrted al amortlsed cost. uslng the effecuve Inleresl rate method.
Trade uedilois are obligations to pay for goods or seMc05 Ihat havg been aeqvired tn Ihe ordinary course of
Opera￿OnS from suppliars. Amounts payablè ar• dassified as current liabilrti&s if payment is dua within ona
year or less. If nol. IW ate presented as nonrfurrent liabilities. Tradè ¢reditor$ a￿ r￿09￿lSed iniknally at
transacbon pric8 and subs6quant￿ maasured at amortised ￿$( using thè effeclNe intor6St mèthod.
D•rncognlUon olllnanclal IlahlJRles
Firrancial Imbilities are dere￿gnISed when the ChariVs contractual obligations expiTe OT are discharged or
cancdled.
1.10 Taxation
The charliy Is an exempt charity within thg rneaning of schedule 3 of the Charities Ad 2011 and15 consldered
to Pass thè tèsts sat out In Paragraph 1 Schadulo e Financ4Act 2010 Bnd Iheretore It meels th& definitson of a
¢P￿lIab￿ cornpary for UK cnrporation tax purpow.
1.11 Employeo benefi
Tha cosl of any unusad hO￿daY entittement 15 Tecognised ￿ th8 period In whlch the emph)yee's semces aTe
eived.
T8miuiÈlon banallts 8ro TaLI)gnlsed Immedlatety as an 8xp6ns8 whan the Charity is demonstraw ￿MMitted
to le￿Inate the wTrployrnent of an eMp￿yee wlo prthnde tetminatiDn b￿r￿fits.
1.12 R¢tlrèment bè￿rItS
P8ymenis to defined oJntnlJuknon retirement benefit schemes *e charged as an expense as th6y fall due.
The TTlISt operate5 a defin￿ wntribution stakelNAdgr stheme for gmployg9s who did transfgf frorn the
NHS. Contrtbutions are charged to thè Statement ol FinancAal A¢tiwtie8 $a thèy bets)me payaN8. The
Charftable Comp￿Y[S also 8ifmittwJ prnpbygr oflh8 NHS p6n$10￿ schomg for ¥l¥ff whv tran¥fgrrgd lo th8
Trusl
13-

THE PHOENIX PROJECT {IOW)
NOTES TO THE FINANGIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Cfftal accounttng •stlmatas and judgements
In the zppllcat5on of the Charity's arcourthng polldeA the Twsiees are requirad to m3ke judgemen
estim¥les and assumpfions about the carrying amounl of assels 8nd liabthligs Ihal are not readlty apparent
from other sources. Th6 esllmates and associated assumptfons are based on historical expeilentte and other
laGtOTS th* are con$idered lo be relevanL Acbjal r&sults may dlff8tfroEll Ih888 8sbfflales.
Th¢ tharity has tgviewed its a¢￿Unting potctes and cOn1kn￿ that Iherè aT8 no 8r8as requiring cthl
accounting esbmat&s orSi￿l[leantludgeMentS In fhe preparation of ils financlal slalements.
Ineomètrom donatTons and legacie8
UnreBtrlctsd ReEtrlcted
fvnd¥
nds
2024
2024
Toial Unr•strlclfjd Règtrlctod
funds
fund$
2023
2023
Total
2024
2023
Donalons and glfts
4A81
22,040
28.621
3.757
4,757
DDnatlon¥ and 9ift8
lTrdividua15
Olher charities
Corporations
Other
2.781
745
995
2.781
5.785
17.995
1.759
250
1.748
1.759
250
2.748
5.040
17.000
4581
22.040
26.ff21
3.757
4.757
Incom?from chaAtablg activiti6$
Unre$trl¢tgd Unrostrictgd
fund$
fvnd$
2024
2023
Charltable aGtlvlU•s
Other income
606.139
620,032
Income from other tradlng acdvlllès
Unro$trf¢ted Unresttlcted
funds
funds
2024
2023
Fundral8irvJ events
3￿31
3.184
-14-

THE PHOENIX PROJECT (IOW)
NOTES TO THE FINANCIAL sTATEME￿[s (coTririNUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from Invostments
Unr•8trfctsd Unr88trfthd
funds
fund$
2024
2023
Intere8t receyvablg
2239
pendEture on raf8lng fund?
Unrestrlctèd Unrestrlcted
fvnds
fvnds
2024
2023
Fundr&lslng and pubmolty
otherfijndralslng costs
-15-

THE PHOENIX PROJECT (IOW)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expendlture on chaTltabl8 a¢tlvlllg5
Charltablè
C08ts
2024
Charftable
Costs
2023
staff G051s
Depr¢cplion
Proi8Ct CO818
Ttaining and staff theck8
Insut8n
Rent, rale3 utilttles
Rep￿[￿. hovs8hokl and cleankng
Mfnibus exp8ll308
Legal profe¥sional fe88
OlhErco&ls
Conversatory. (loor and boilBr repaiT8
375.018
1e,472
23.099
391.901
7.462
23.4119
3.142
S.547
47.781
14.514
36.015
193
2.719
4.058
49,619
20,251
28.627
562.385
2.663
Share ofsupportand govèrnancè COBts (S￿ notè 91
SuP￿rt
91.133
7.438
fy2.388
7.320
850.956
e02.371
An8ty519 byfund
UrLrestn"cled ftmds
Rèslrictèd funds
626.194
24.762
eA)2,371
650.956
602,371
Support costs allocat•d to actlvlti&$
2024
2023
76,586
51.887
1,187
8.047
1.267
Postage and statronary
Telephone. Int8n*t and IT support
Ac(yJuntancy
5.949
7.438
98.571
69.708
Analyswd b9tsYegn:
¢horitablg
98￿71
69.708
16-

THE PHOENIX PROJECT (IOW)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 N•t movement in funds
2024
2023
The net movement in 13 ¥tal8d after ¢h8rglnglluedllng)'.
Fetts payabiefor tho Indopondent oxamlnation of the ffnanclaj
statements
Dep￿￿ation of (r￿ed langibl8 fjxed assÈts
Loss on disposal oftaTwible fiKÈd ￿Èt$
Operating lease charyè$
3.000
16.472
27.924
27.5LTh)
11 Tru$tse$
Thern wers no payments madg to 4ny Tm51eB eSlh8r as remuneraton. orth9 reimbur89ment oftrwd or other
expenses. Trustee5' iEKt¢mnty insurarte 1$ paid bythe Charity.
12 Ernploy¢eg
The average monthly number of employees indudes addittonal 'bank' suroort staff throughout the perh?d
based on the average head o)unt, durfn9 thè year thè 8v&rag8 was..
2024
Number
2023
Number
33
EmploymentC08ts
2024
2023
Wages and salart&8
Sodal 88cutlty ￿sts
Other￿n￿n costs
413.1(
17.816
25,105
406.188
17,867
24.055
456,(Y27
448,108
TheFewere no empl¢)y898vthos8 8nnual remunèratlon was mor• than £60.0(KI.
Remunèration ot k#y managoment ￿r80￿￿oI
Thè r&mun8ralion of key management personnel was ?$ fullows:
2024
2023
Aggregale c￿npensation
78.976
7T.132
Key managemenl personnel ￿dudeS Ihe role of Ihe Chi&f Exeojtivo 0ffi¢9r and hgr d¢puty.
17-

THE PHOENIX PROJECT (IOW)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Other oxpendlture
Unrè91rf¢tsd UnrestrIcted
fitndy
lunds
2024
2U23
Nèt105s on dFsposal of tangibl8 frxed assets
169
14 Taxaflon
The d)arity is ex￿p1 from taxation on its aclmties be￿USe an Its Income Is applied foi ch8rit8bt8 purposes.
15 Tangible fix￿ assots
Flthr8sand
Motor Ewlpm•nt
vohkl•s
Total
Cost
Al 1 Aprfl 2023
Addltton5
Dlsposats
2,978
51160
73.1È10
11.250)
29.480
1,506
110,3221
84.618
74.846
112.647)
{1.075)
Al 31 March 2
1,903
124X
20.664
148M17
D8pTeclatTon and Impalrment
At 1 Aplll 2023
DÈpreeialion charged in Ih8year
Eliminated in rest*d of ￿lsposAl$
1389
46,881
14,641
(1.250)
25,353
1.787
(10.32Z)
74A03
16.472
(12.478)
(9061
At 31 Maith 2024
1.547
60.052
16.798
78.397
Carrylng amDUnt
Al 31 March 2024
356
63.998
68.220
Al 31 March 2023
589
5A99
4.127
10215
16 Dgbtors
2024
2023
Amounts falllng duèwithin ong ygar.
Trade debtors
Olher debtors
PtepByments and acc•Jed Incom
58,559
1,296
3.405
41.606
63.2fj0
44260
18-

THE PHOENIX PROJECT {IOW)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
17 Creditors: amounts falllng due withln on¢ y￿T
2024
2023
othortaxalion and soclal
T￿de ￿dItors
Other ¢reditor8
A(xnHls and defeved incorno
3.411
22.IY29
4.614
2.751
15,601
7.804
41.217
15,261
Al the Teporting date, the folbwing amounts were outstandlng In ro8Fed of pension contrfpvtions:
Contributi(ffis payable a$ at31 Mar¢h 2024: £3.314 (2023.. £3,401).
19-

THE PHOENIX PROJECT (IOW)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Pett51on Cojitrlbulk)ns
NHS P¢nslon
Past and present employeos are covered by the provisions of thè Iwo NHS Pension Sdbemes. DelalEs of Ihe
beneffits payabte and njles of the Schemes can bo found on the NHS Pensb)ns website at
w%sw.nhSbsa.nhs.uklpon5i￿S. Boih are unfvThJed defined benefit schamèg Ihat cover NHS employers, GP
practtces and other bodies. ￿[Owed und8f the direction olthe S8cretary olstale for Heallh and Sodaj Care in
EwJl8nd and Wdes. They 8r8 not designed to be run in a way thatwould onablè NHS bodies to identtfy Iheir
share oflhe 4mderfying scheme assets and b8bllilfie& Th8fefor8, each schemè is aC¢Outrt￿ for a$ if il were
daffined conlrt>utlon scheme: fhé cost trj the NHS body of partrcipatin9 in $thèmè IÈ taken as equal to
Ihe contsibulion8 payable lo that scheme forth8 8(xx)unting period.
In order Ihat Iha defined benefft obligations FecognlsÉd In thé fin8th781 sl8tsm8nts do r￿t dtffer malerialty from
Ihose thal would b& delemiined at the repoTbng dale by a forn￿1 acluari31 valuafion. thè FReM requires thal
-Ih8 pgriod beiween lo￿￿£7 valualions shall ba four yaars. with apwoximats ass8ssmenls In Inter￿ing
ye￿8.. An oulline ofthès8 frjllow
a)Accounting valuallon
A v8JuaUon of sebcrno Ilability is carrled out annually by tha scheme 8ciiiary (cuFr2ntly the Govemment
ArAuarfs Departmenl) as at tha end of fhÈ reporbng Pefmjd. This ulTlises an adLtarial assessment for Ihe
pravlous 84XXMmting period in ryjnjunclion wllh updat¢d In￿nb8rshlp and finan081 dats for the current
reporting perfod. and Is acc8Pt8d as provtding suitably rtsbust figures for finandal rewfjng purpo89& Th8
Vatualon of Ih& sc*8me li8bility 89 8t 31 M8rckn 2024. Is based on valuatlijn data as 31 M8Tch 2023. updaled
10 31 Marth 2¢r24 wlh summary global m8mbèr and accounting data. In undertaklng Ihls actuarial
a38&￿Ment. the melhcdology w8scrfbed in IAS 19. relevant FReM interpretations. thg diacounl ral8
prescribed by HM Treasury have also been used.
The latest assessment of the liab￿lIteS of the schefflB Is contatned In the report of th8 schÈme 8Ctuary, whKh
fottns part of th9 annual NHS Pension Stheme Accounts. ThÈsÈ attounts r2n be wewed otb Ihe NHS
Pension5 webstte and are wbUsh8d annualfy. cop￿ can alBo bg obtalned Tho Statlonwy Offlce.
b) FUTI actuarlal Ifund5ng) valuatlon
The purposè of this v8Iuation is to asse88 the level ol Ilabllty In rospact of benefts thje underthe schemes
(tthng Into account recent demographic e)por]encè), and to recomrnend contrtbvuon rates paysbi¢ by
employees and employèr
The latest aduartal valLiallrJn undertakert for IhB NHS Pension Scheme was completed as * 31 March 2016.
The results of Ihb waluation set the employer conlrilxthon rale pays￿4 from Aprfl 2019 to 20.8% of
si0￿bIe pay. Under Iransthional rul8s the PhoÈnk Projecl wntinues to Wdy 1428QA olpensionable pay.
Thp actuarial va￿atIon as al 31 March 2020 was complotèd and sets Ihe new employer ¢(￿trIbu10n iat8 dua
lo be implemented ffomAprfl 2024 at 23.VA.
DuTin9 the accounting peiiod Ihe Pho8nix ProJ8ci mad8 Con￿bUtiOnS of £20.111 (2023 - £19.1921 to th0
National Heamh Ser￿￿ schern8 in respect of 8 employee& Employgr contributions wer8 paid at 14.38%
durin9 lh8 acoounbng period. Member contributions are between 5.6%- 9.3%.
19 Rgtlrarnent benefft ￿h0]n
2024
2023
Defingd ¢ontrlbutlon ¥¢hpm
Charge to profil orloss kn rp¥ped of dgfingd ojntrlbufion schemes
25.105
24.05S
Tho Phoenix Project a￿￿enrOlled on 1 Aprtl 2018 for Staff not Induded on Ihe above NHS penslon schemè.
The conlribulEons made dullng the year for the defined ccr￿[lI￿￿on scheme Lotalled £4.99412023- £4,883).

THE PHOENIX PROJECT (IOW)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Restricted fund$
The Testricted funds of the thaiity eomprisa th• un&xpand8d balancès of d¢Jnatlons and grants hald on trust
sublect to sp8cifK conditlons by donors as to h(M they may be used.
At 1 Aprfl
2023
IneomTng
r•sources
R•sour¢#s
expended
Transf8Ys At 31 IA#Tch
2024
Wood'n. things
Electric Door
ConseNatory
Dance Session
74
2.940
I8,CK)O
2,100
(2,9401
(20.9401
(8821
4,940
1,218
74
22,040
{24.7621
4.298
PrwÉous yèar:
At 4 Aprfl
2022
Incomlng
R￿OUrCeS
resources oxpgndod
TranSts￿ At 31 March
2023
IPad & Prolèetor
Wood'n. thln9S
(1.000)
(1.483)
1.567
74
1.557
P.483)
74
The Wood'rf thlngs ftmd rel*ed to a gr8nl received ts> purthas8 machin8ry foi the wu¢xhYorkng WOTksh(y.
The iPad & Proie(knrlund t8k9ted to ¥pecbfic donation8 from a coworate doN)rfoi the PUryMJS8 of (X3n1￿butin￿
towards new SPads and a proieclor.
Th8 electrrc door furKI relate(I lo th8 replaCe￿ent Ihe oulomatic opening sy¥t8m on thg fronf door. Thg mon9y
was donat8d by WghtAid for this spedfic purpos
The danc8 88s&ons fund was spe￿￿{?1￿ to purchase weekty sessIc￿$ with a dance In8tructorfoTthe group.
Th? ￿J￿￿er￿dI￿ry fvnd rejated to a gJantlrom181and Ro4d$ Foundation to replacfj the old conservatory.
The I￿nS￿r from restrtcted fvnds relates to the and of the restri(Alon on funds on(* the gssets have been
purchased. and are treated as (apital additions. Conver8ety, Ihe transfer to restricted funds repres¢rts the
addluonal Irkcurred to Teplace the old consetvalory. The8e ¢osts exceeded the restrided funds receNed
and weTe therefore through the chzrity's gen¢tai resetve5.
21

THE PHOENIX PROJECT (IOW)
NOTES TO THE HNANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21 unT￿IrfCt•d funda
The unre8tiicted funds of tha eJ)8rty corr¥Jrise the unexpended balances ol thnabons and grants which are
not subject to SP9ofic widitsons by donors and gr8niorÈ as to how they may be used. These
designated funds which have sèl gstdè oul of ￿restI[cted funds by th¢ trustees for sp&2fic putpose&.
At 1 Apnl
2023
Incomlng
source¥
Resources
•nded
Transf•rs At 31 March
2024
d&velopm8nt
Minibus purchas•
Conservatory buikling
Bull¢fings and malnt8n8ncè
reserv8
Gan8r81 funds
10,000
70.000
20.orjo
10.(MXJ
170.1KM))
I20.￿0>
20.000
219.769
20.iirKI
295.058
615,993
{626.4
85,702
339.769
615,993
{628.4(￿)
{4,2981
325.058
Prevlous y•ar.
At l Aprll
2022
Incomlng
resources
R•sDuTces
expended
Transf•ts At 31 March
2023
ser￿¢• d•v•Jopment
Minibus purchasè
ConseNalory buMin9
Bwl¢fings and rrra￿)tOnancÈ
rese￿&
G6n8ral funds
10,0
10.t)JO
70,WO
20.IX)O
70.000
20.000
30.000
272.139
(10.(MJO)
177.517)
20.WO
219.769
627,578
1602.431)
312.139
627,578
602.431
2,483
339.769
The Trustees havo eonsidètèd a number of projeds and designatgd funds to contribule tOW8rds th88e
purposes. Thè designations remaln IA Ilne wilh Ihe Trustges Reserves polry. Carrled fowatd from last year.
there was £l0.000 towards staifing and ru[￿Ing costs of deferred proled5 and £20,000 designaled fund for
building maInten8T￿ and improvements. The £20.￿0 foT thg planned ConseMlory and the £70,000 for ihe
m￿￿b￿S purchases. were ￿t￿d during lh9 year.
22 Analysls of nat 88¥9ts betsveen funds
Unrgstrlctèd
fijnds
2024
Re$tsl¢tsd
funds
2024
Total
2024
At 31 March 2024:
Tangfole a88ets
Cuwfjnl a¥3et8I(l￿iIltie$)
68,220
256.838
68.220
258A88
1,e50
325.058
1,650
326.708
-22-

THE PHOENIX PROJECT {IOW)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
22 Analysls of not asséts bgtsveen funds
{ConttnuÈd)
UnTestsi¢ted
lund8
2D23
Restrlct8d
funds
2023
Total
2023
At31 Mareh 2023:
Tangibl& assets
Currant assetsl{liabllMes)
10215
329.554
10.215
329.628
74
339.789
74
339.843
23 Op¢ralng leasè ¢ommltsn•nts
At the reportlng end dale the Charity had outstanding commiiments for fuiure mlnimum lease paymants und?r
nor￿￿n¢t11ab1è operating le8sès. wh￿h fall dué as fOlltr￿s-
2024
2023
Wlhkn one ygar
11.096
24 R•latsd partytransactlons
On8 trust88 P023: ong tNsteg) has a lam]ly memb8r who is a saNce user. ￿￿os0 ￿6S of È30.513 P023.'
£30.3271 ar8 paid by the lo(al authority on ￿[30￿8] budgets lo the charity, on the same tsrms as other service
users. the yearend £2.469 (2023: £2.4581 was due in respect ofthese lees.
25 C•$h goDarat¢d from op•rnttons
2024
2023
(Dofi¢iW$uTPUS forthe year
(13,1351
26.147
AdlvstmÈnts for:
Inwstment incoma rocogn1s￿ In sl8tèmÈnt offinandal a￿￿1]￿$
Loss on dIS￿saI of tanglbla fix•d asgéts
DeweLyabon and impaimient oftangibl& fLxed as8e18
,2391
169
18,472
{605)
7.4￿2
Movernents in wOrf￿ng caplta]:
(lThyeaselldecrea88 in d8btors
IntXè8gel(decreas8) in crÈditors
{19,0(L)}
25,956
10.489
12.212)
Cash I￿•￿￿d from oporntlons
8.223
41281
Anatysl$ of changes In n•tfvnds
The Ch*ity had no materfal debt du￿ng the year.
-23-