REGISTERED COMPANY NUMBER: 07898625 (England and Wales) REGISTERED CHARITY NUMBER: 1152481
Report of the Trustees and
Financial Statements for the Year Ended 31 January 2022
for
Phoenix Community & Youth Project
V & R Accountancy Services Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ
Phoenix Community & Youth Project
Contents of the Financial Statements for the Year Ended 31 January 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 6 |
| Independent Examiner's Report | 7 | ||
| Statement of Financial Activities | 8 | ||
| Balance Sheet | 9 | ||
| Notes to the Financial Statements | 10 | to | 16 |
Phoenix Community & Youth Project (Registered number: 07898625)
Report of the Trustees for the Year Ended 31 January 2022
This is the tenth annual report of Phoenix Community & Youth Project, more commonly known as The Phoenix Project, since its inception on January 5th 2012, the company is registered as a Not For Profit Company Limited by Guarantee and in 2013 became a registered charity, No. 1152481.
The Phoenix Project was established due to the Government's Austerity Measures, which resulted in Sefton Council having to make savings of £44 Million in the financial year 2011/12 and further savings in every year since.
The Phoenix Project is now well established within the North Sefton area where it is based and is regularly contacted by schools, colleges, children's homes, voluntary organisations and different departments within Sefton Council including, Social Care, Virtual School, the Early Intervention Project, Aiming High and the Youth Offending Service to make referrals into us and seek our expertise in a variety of areas. We are also becoming more known across the rest of Sefton and hope to exploit the opportunity for the Phoenix Project to expand specific aspects of our work further afield over the coming years, particularly as a delivery partner in the European Social Fund (ESF) multi million pound New Futures Employability Project.
OBJECTIVES AND ACTIVITIES Objectives and aims
The Aims and Objectives of the project set out in our Memorandum of Articles are:
To act as a resource for young people up to the age of 25, providing support, assistance and organising programmes of Physical, Educational and other activities as a means of:
Advancing life and helping young people by developing capacities and skills, capabilities to enable them to participate in society as independent, mature and responsible individuals. Advancing Education and Relieving Unemployment. Providing recreational and leisure time activity in the interests of social welfare for all people living in the area, regardless of their age, sexual orientation, gender, race, disability or social and economic circumstances.
We have now into our third year at 13 Scarisbrick New Road, which we share with Pathways in Learning, Community Interest Company that does very similar work to Phoenix. The move has helped with attracting young people from across all the wards of Southport, as well as young people travelling from Birkdale, Ainsdale, Formby and even as far as Ormskirk to use our service. Kew Ward were we are based has eight Lower Super Output Areas (LSOA's), five of which are in the lowest 30% Nationally. Dukes Ward has two LSOA's within the lowest 10% nationally and Cambridge Ward has one LSOA in the lowest 20% of the Governments Multiple Index of Deprivation and all three of our main wards covered have a higher than national average Teenage Conception rate based on current market research and community profiling.
We continue to focus more on the needs of young people and the community as a whole identified through community profiling and through our referral partners, whilst keeping abreast of regional and national trends and approaches helping us to keep relevant and innovative.
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Phoenix Community & Youth Project (Registered number: 07898625)
Report of the Trustees for the Year Ended 31 January 2022
ACHIEVEMENT AND PERFORMANCE Charitable activities
Phoenix has gone from strength to strength during the past 12 months, we have successfully continued the delivery of the ESF funded New Futures Project which has been very successful. We had to completed our other 1 year ESF funded community project, which we had to defer due to Covid, albeit on a smaller scale.
There is a growing need in the area for supporting young people and wider community members who are Not in Employment, Education or Training (NEET) and Pre NEET and we hope to explore opportunities to secure funding for this work beyond the New Futures funding and we envisage that this is still an area of development and growth for the project long term. There are no other organisations in the area offering this service and we continue to work even more collaboratively with Pathways in Learning and we continue to share building costs and administrative costs such as qualification membership as well as sharing skills/staffing in order for both organisations to be able to offer a wider range of options for young people and to secure funding that neither organisation would be able to secure without the support of the other. We have are now one year in at our other building at 127 Eastbank Street to allow both organisations to share and for us to be able to expand into other areas of work, this is still delivered through the CIC company called Pathways 2 Phoenix.
Our disability projects have continued to increase membership and we have continued to offer an excellent service to the young people, which has been made possible through the funding we have received to develop it.
Fundraising Activities
Once again Covid has impacted on the success of our fundraising efforts during the year, most of which has come in order to help deliver projects based on need, now that we have moved away from chasing funding, which we originally did in order to get the project established and recognised in the field. However as predicted five years ago it has become increasingly difficult with many more bids being written due to the high number of rejections being received.
We once again reviewed our fundraising successes and failures at a Trustee meeting, and we identified that nothing had changed from the previous year, we were still being successful with some funding bids but we were actually being turned down by many more funders than we were securing funding from. Once again our investigation as to why this was happening came to the conclusion that we were still writing really good quality bids but found that we had much more competition than in previous years, which was due to deepening cuts to local authority funding meaning that many more VCF organisations have been set up, chasing increasingly less funding available. We also found that a lot of potential funders had channelled their funding to meet priorities brought on by Covid and this didn't always meet our needs so we couldn't apply.
We decided once again to review our three year funding strategy to reflect this downturn in available grant funds and to bring forward other funding opportunities and explore new avenues and funding streams. This also meant revisiting our Organisational Development Plan as they are both intrinsically linked to each other in terms of successfully achieving our development plan, depends largely on securing the funding identified.
It is extremely important for us to get the balance right between securing the restricted funds needed to meet the identified needs of the community and unrestricted free reserves that will ensure that we can be flexible to respond to an immediate need or to contribute towards core costs that are difficult to secure through funding bids. We have increased the amount of unrestricted funding this year, more than any other year and hope that this will continue in the future. We need to be able to secure enough reserves in order to be able to manage for a period of three months in the ever more likely event of having problems in securing funding, although as we have different end dates for different funders it is very unlikely that all our funding for salaries will have ended all at the same time, as we will have found further funding for key posts.
Our membership of the Vola Consortium continues to be worthwhile as we continued to be part of a successful consortium taking a share of a multi million pound pot of European Social Fund (ESF) funding for the region until the middle of 2022, which will hopefully be replaced by some sort of Government funding.
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Phoenix Community & Youth Project (Registered number: 07898625)
Report of the Trustees for the Year Ended 31 January 2022
ACHIEVEMENT AND PERFORMANCE
Project Manager's report
I can't believe that I am writing my Project Managers report for the tenth annual report, my how time flies and what a very difficult and challenging year its been, with the Covid 19 Pandemic still causing us problems including furloughing the staff for part of the year. The Trustees and the Project Manager still continued to deliver an online and distance learning schedule for the students, with the support of the Freelance staff, for part of the year. Half way through the year we opened two evenings per week and five days per week working with NEET and Pre NEET young people.
During the last twelve months we lost two members of Kickstart staff, and employed two others onto apprenticeships and consolidated and embedded a new freelance members of staff into the team across the NEET and disability projects with a variety of skills that enhance the work at Phoenix. Staffing on our NEET project has stayed consistent throughout the year despite the problems presented by Covid, which has had a positive impact on the young people with some great results in terms securing employment and further education.
I have continued to have the opportunity of working with a great group of committed trustees, I have also worked with many other people who have given me some wonderful support and advice along the way, most notably the VOLA team at Sefton CVS, who have always been on the end of the phone, emails and support meetings, the wider CVS team and I have also continued to have great support from all the staff at the Community Foundation for Merseyside.
The project continues to produce impressive outcomes through our ESF funded Employability Project over five days per week for young people who are Not in Employment, Education or Training (NEET) aged 15-24. We have also continued our contract with the Impact Pupil Referral Unit to provide an alternative education project for a small number of young people who have been excluded from mainstream school, as well taking referrals from Meols Cop High School. We have also been providing alternative education for our personal and social development disability project for young people aged 13-19 which provides a smooth transition to our 19+ disability project, both of which have developed really well, with increasing numbers.
We have secured funding from the following charitable organisations: Children In Need, Vola, Tesco, Hill Dickinson, The One Stop, we received funding for three Kickstart employees and the employed staff were still Furloughed for the earlier part of the year and therefore we received money from HMRC to pay towards their pay. The Trustees decided that we would pay the difference between the Furlough grant and the staff wages.
As predicted in last years report it has continued to be difficult to raise funds this year, with many more applications being declined than in previous years. This is not just a problem for us it is a wider issue of the difficulties being faced by all VCF organisations with an increasing number of organisations chasing a decreasing amount of funding and we are finding we are continuing to being offered less money that we ask for and have to secure further funding to continue the project or reduce the length of the project.
2022/2023 and future years will continue in a similar vein as there doesn't seem to be any likelihood of an end to austerity measures and therefore more and more VCF organisations will continue to chase an ever decreasing amount of funding, especially now that the increased funding for Covid has ended.
This lack of funding is one of the reasons for us to continue to work more closely with Pathways in Learning as we can share a building, associated costs, staffing and therefore offer a better service to the young people we are working with.
We had another donation from the local businessman who wishes to remain anonymous to refurbish part of the new building and hopefully we may gain further support for other developments we would like to explore.
At the time of writing this report the Covid 19 pandemic is still around but isn't impacting on our project and it is unclear at the moment if it will have further impact on the project, short, medium and long term, at this moment in time we are in a good financial position but are unlikely to receive further Government funding or wider Third Sector funding support, hopefully Covid will no longer be an issue for us and the world as a whole.
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Phoenix Community & Youth Project (Registered number: 07898625)
Report of the Trustees for the Year Ended 31 January 2022
FUTURE PLANS
At the start of the new financial year because of Covid once again we didn't have the opportunity to sit down with the Trustees, young people and other service users to look at what we achieved during 2021/22 and what we wanted to achieve as an organisation during 2022/23 and beyond, put them into a plan and set about achieving them.
During 2021/22 because of Covid we were restricted with our fundraising opportunities towards our continued balanced approach to what was needed in order to meet the organisational development plan for the year, continuing with a targeted approach to our fundraising, continuing to identify community needs and wants through our comprehensive Community Profile and Youth Forum. However we still had staff on Furlough until it looked like we could fully reopen.
With all this in mind, we once again revisited the business plan, financial predictions and our Aims and Objectives to ensure they were working documents that were fit for purpose, which they were despite the impact Covid.
Our Aims and Objectives of the project set out in our Memorandum of Articles remained unchanged and are:
To act as a resource for young people up to the age of 25, providing support, assistance and organising programmes of Physical, Educational and other activities as a means of:
Advancing life and helping young people by developing capacities and skills, capabilities to enable them to participate in society as independent, mature and responsible individuals.
Advancing Education.
Relieving Unemployment.
Providing recreational and leisure time activity in the interests of social welfare for all people living in the area, regardless of their age, sexual orientation, gender, race, disability or social and economic circumstances.
We agreed that these were still fit for purpose based on our priorities for the future, with the last paragraph sufficient to encompass potential expansion into working with the wider community, in particular older people and Eastern European families, as both these groups have an extremely high representation in Southport.
Our meetings and consultation with the service users, staff and the trustees took place on Zoom and identified the need to achieve the following in order to give us stability and growth:
Re-develop our three and five year development plan
Re-develop our three year fundraising plan for sustainability purposes
Explore further provision for older members of the community
Recruit and train volunteers to alleviate reliance on funding staff salaries
Continue to secure real life training opportunities for the NEET young people making them more employable.
Continue to explore other sources of funding such as sponsorship from local businesses, which has been successful once this year.
It was agreed that we still needed two development plans and both needed revisiting. The first for three years that takes into account the Eastbank Street building and partnership with Pathways in Learning and therefore needed to have details of how the partnership was going to be further developed and the benefits that the new building would bring. The second a more flexible five year plan was to include any new ventures, particularly beyond the ESF Funded New Futures Project that will be coming to an end in the 2022/23 year.
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Phoenix Community & Youth Project (Registered number: 07898625)
Report of the Trustees for the Year Ended 31 January 2022
The Eastbank Street building is very attractive and welcoming and fit for purpose as borne out by the number of young people using the building, the increase in referrals. We have continued to receive a rental from a training provider for one early evening, some office space. The local authority continue to hire the building on a Saturday for a disability project, although these were paused during lockdown.
All in all we haven't achieved much identified in the Project Development Plan this year, but hope to make huge steps next year.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Decision making
We have held regular trustee meetings during the year and a General Meeting was held for members of the community who might have a vested interest in the project on 7th January 2022, during which members were elected into roles.
Chair: Nicola Williams Treasurer: Alan McShane Secretary: Tracy Fiddler Others: Emma Lynch.
The trustees reflect the local population and each of them give up their time for the same reason, which is to provide an excellent youth & community provision in the area. The trustees meet bi-monthly; however the chair and treasurer meet more regularly with the Project Manager in order to support the fundraising to ensure the success of the project.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
07898625 (England and Wales)
Registered Charity number
1152481
Registered office
13 Scarisbrick New Road Southport Merseyside PR8 6PU
Trustees
Ms N J Williams Ms T Fiddler Ms E L Lynch
Company Secretary
F A McShane
Independent Examiner
V & R Accountancy Services Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ
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Phoenix Community & Youth Project (Registered number: 07898625)
Report of the Trustees
for the Year Ended 31 January 2022
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 17 October 2022 and signed on its behalf by:
Ms E L Lynch - Trustee
Page 6
Independent Examiner's Report to the Trustees of Phoenix Community & Youth Project
Independent examiner's report to the trustees of Phoenix Community & Youth Project ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
G J Rummens FCCA V & R Accountancy Services Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ
17 October 2022
Page 7
Phoenix Community & Youth Project
Statement of Financial Activities
for the Year Ended 31 January 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 40 Charitable activities 4 Youth Project 78,168 Other trading activities 3 600 Total 78,808 EXPENDITURE ON Charitable activities 5 Youth Project 81,782 NET INCOME/(EXPENDITURE) (2,974) RECONCILIATION OF FUNDS Total funds brought forward 27,162 TOTAL FUNDS CARRIED FORWARD 24,188 |
Restricted funds £ - 62,144 - 62,144 75,608 (13,464) 16,468 3,004 |
31.1.22 Total funds £ 40 140,312 600 140,952 157,390 (16,438) 43,630 27,192 |
31.1.21 Total funds £ 5,054 134,296 14,350 |
|---|---|---|---|
| 153,700 123,760 |
|||
| 29,940 13,690 |
|||
| 43,630 |
The notes form part of these financial statements
Page 8
Phoenix Community & Youth Project (Registered number: 07898625)
Balance Sheet
31 January 2022
| 31.1.22 | 31.1.21 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| CURRENT ASSETS | ||||||
| Cash at bank | 26,386 | 3,004 | 29,390 | 45,828 | ||
| CREDITORS | ||||||
| Amounts falling due within one year | 10 | (2,198) | - | (2,198) | (2,198) | |
| NET CURRENT ASSETS | 24,188 | 3,004 | 27,192 | 43,630 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 24,188 | 3,004 | 27,192 | 43,630 | ||
| NET ASSETS | 24,188 | 3,004 | 27,192 | 43,630 | ||
| FUNDS | 11 | |||||
| Unrestricted funds | 24,188 | 27,162 | ||||
| Restricted funds | 3,004 | 16,468 | ||||
| TOTAL FUNDS | 27,192 | 43,630 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 17 October 2022 and were signed on its behalf by:
E L Lynch - Trustee
The notes form part of these financial statements
Page 9
Phoenix Community & Youth Project
Notes to the Financial Statements for the Year Ended 31 January 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 4 years
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 31.1.22 | 31.1.21 | |
| £ | £ | |
| Donations and fundraising | 40 | 5,054 |
continued...
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Phoenix Community & Youth Project
Notes to the Financial Statements - continued for the Year Ended 31 January 2022
3. OTHER TRADING ACTIVITIES
| Room hire 4. INCOME FROM CHARITABLE ACTIVITIES Activity Project income Youth Project Grants Youth Project Grants received, included in the above, are as follows: P H Holt Foundation Groundwork Trust The Workers' Educational Association BBC Children In Need Ann and Ray Messer Foundation Government Job Retention Scheme Lottery Covid 19 Response Percy Bilton Fund LCR Covid Fund Vola Consortium - Kickstart Hill Dickinson Fund 5. CHARITABLE ACTIVITIES COSTS Direct Costs £ Youth Project 156,607 |
31.1.22 £ 600 31.1.22 £ 78,168 62,144 140,312 31.1.22 £ - 2,000 3,084 9,622 - 32,907 - - - 12,209 2,322 62,144 Support costs £ 783 |
31.1.21 £ 14,350 31.1.21 £ 57,819 76,477 |
|---|---|---|
| 134,296 | ||
| 31.1.21 £ 4,390 - - 15,283 1,976 27,251 19,760 500 7,317 - - 76,477 Totals £ 157,390 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2022 nor for the year ended 31 January 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2022 nor for the year ended 31 January 2021.
continued...
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Phoenix Community & Youth Project
Notes to the Financial Statements - continued for the Year Ended 31 January 2022
7. STAFF COSTS
| Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Project staff No employees received emoluments in excess of £60,000. 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 5,054 Charitable activities Youth Project 57,819 Other trading activities 14,350 Total 77,223 EXPENDITURE ON Charitable activities Youth Project 54,128 NET INCOME 23,095 RECONCILIATION OF FUNDS Total funds brought forward 4,067 TOTAL FUNDS CARRIED FORWARD 27,162 |
31.1.22 £ 96,287 2,041 98,328 31.1.22 5 Restricted funds £ - 76,477 - 76,477 69,632 6,845 9,623 16,468 |
31.1.21 £ 58,855 3,216 62,071 31.1.21 3 Total funds £ 5,054 134,296 14,350 |
|---|---|---|
| 153,700 123,760 |
||
| 29,940 13,690 |
||
| 43,630 |
continued...
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Phoenix Community & Youth Project
Notes to the Financial Statements - continued for the Year Ended 31 January 2022
9. TANGIBLE FIXED ASSETS
| 9. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Computer | ||||
| equipment | ||||
| £ | ||||
| COST | ||||
| At 1 February 2021 and 31 January 2022 | 1,080 | |||
| DEPRECIATION | ||||
| At 1 February 2021 and 31 January 2022 | 1,080 | |||
| NET BOOK VALUE | ||||
| At 31 January 2022 | - | |||
| At 31 January 2021 | - | |||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.1.22 | 31.1.21 | |||
| £ | £ | |||
| Social security and other taxes | 1,478 | 1,478 | ||
| Accruals and deferred income | 720 | 720 | ||
| 2,198 | 2,198 | |||
| 11. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.2.21 | in funds | 31.1.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 27,162 | (2,974) | 24,188 | |
| Restricted funds | ||||
| The Workers' Educational Association | 1,377 | (1,377) | - | |
| BBC Children In Need | 2,393 | 611 | 3,004 | |
| Lottery Covid 19 Response | 11,960 | (11,960) | - | |
| LCR Covid Fund | 738 | (738) | - | |
| 16,468 | (13,464) | 3,004 | ||
| TOTAL FUNDS | 43,630 | (16,438) | 27,192 |
continued...
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Phoenix Community & Youth Project
Notes to the Financial Statements - continued for the Year Ended 31 January 2022
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Groundwork Trust The Workers' Educational Association BBC Children In Need Job Retention Scheme Lottery Covid 19 Response LCR Covid Fund Hill Dickinson Fund Kickstart TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds The Workers' Educational Association John Moores Foundation BBC Children In Need Daneway Foundation Mark McQueen Foundation Lottery Covid 19 Response LCR Covid Fund TOTAL FUNDS |
Incoming resources £ 78,808 2,000 3,083 9,623 32,907 - - 2,322 12,209 62,144 140,952 At 1.2.20 £ 4,067 4,252 2,000 752 900 1,719 - - 9,623 13,690 |
Resources Movement expended in funds £ £ (81,782) (2,974) (2,000) - (4,460) (1,377) (9,012) 611 (32,907) - (11,960) (11,960) (738) (738) (2,322) - (12,209) - (75,608) (13,464) (157,390) (16,438) Net movement At in funds 31.1.21 £ £ 23,095 27,162 (2,875) 1,377 (2,000) - 1,641 2,393 (900) - (1,719) - 11,960 11,960 738 738 6,845 16,468 29,940 43,630 |
|---|---|---|
continued...
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Phoenix Community & Youth Project
Notes to the Financial Statements - continued for the Year Ended 31 January 2022
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds P H Holt Foundation The Workers' Educational Association John Moores Foundation BBC Children In Need Daneway Foundation Mark McQueen Foundation Job Retention Scheme Ann and Ray Messer Foundation Lottery Covid 19 Response Percy Bilton Fund LCR Covid Fund TOTAL FUNDS |
Incoming resources £ 77,223 4,390 - - 15,283 - - 27,251 1,976 19,760 500 7,317 76,477 153,700 |
Resources Movemen expended in funds £ £ (54,128) 23,095 (4,390) - (2,875) (2,875 (2,000) (2,000 (13,642) 1,641 (900) (900 (1,719) (1,719 (27,251) - (1,976) - (7,800) 11,960 (500) - (6,579) 738 (69,632) 6,845 (123,760) 29,940 |
Resources Movemen expended in funds £ £ (54,128) 23,095 (4,390) - (2,875) (2,875 (2,000) (2,000 (13,642) 1,641 (900) (900 (1,719) (1,719 (27,251) - (1,976) - (7,800) 11,960 (500) - (6,579) 738 (69,632) 6,845 (123,760) 29,940 |
|---|---|---|---|
| 6,845 | |||
| 29,940 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.2.20 | in funds | 31.1.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 4,067 | 20,121 | 24,188 |
| Restricted funds | |||
| The Workers' Educational Association | 4,252 | (4,252) | - |
| John Moores Foundation | 2,000 | (2,000) | - |
| BBC Children In Need | 752 | 2,252 | 3,004 |
| Daneway Foundation | 900 | (900) | - |
| Mark McQueen Foundation | 1,719 | (1,719) | - |
| 9,623 | (6,619) | 3,004 | |
| TOTAL FUNDS | 13,690 | 13,502 | 27,192 |
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continued...
Phoenix Community & Youth Project
Notes to the Financial Statements - continued for the Year Ended 31 January 2022
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds P H Holt Foundation Groundwork Trust The Workers' Educational Association John Moores Foundation BBC Children In Need Daneway Foundation Mark McQueen Foundation Job Retention Scheme Ann and Ray Messer Foundation Lottery Covid 19 Response Percy Bilton Fund LCR Covid Fund Hill Dickinson Fund Kickstart TOTAL FUNDS |
Incoming resources £ 156,031 4,390 2,000 3,083 - 24,906 - - 60,158 1,976 19,760 500 7,317 2,322 12,209 138,621 294,652 |
Resources Movement expended in funds £ £ (135,910) 20,121 (4,390) - (2,000) - (7,335) (4,252) (2,000) (2,000) (22,654) 2,252 (900) (900) (1,719) (1,719) (60,158) - (1,976) - (19,760) - (500) - (7,317) - (2,322) - (12,209) - (145,240) (6,619) (281,150) 13,502 |
|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2022.
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