OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Phoenix Community & Youth Project

2024-01-31-accounts

REGISTERED COMPANY NUMBER: 07898625 (England and Wales) REGISTERED CHARITY NUMBER: 1152481

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 January 2024

for

Phoenix Community & Youth Project

V & R Accountancy Services Limited 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 2024

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 15

Phoenix Community & Youth Project (Registered number: 07898625)

Report of the Trustees for the Year Ended 31 January 2024

This is the Twelfth 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 for delivery of the Governments Multiply Maths Programme and other Government replacement ESF funded projects.

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 are now into our fifth year at 13 Scarisbrick New Road, which we share with Pathways in Learning CIC that does very similar work to Phoenix. Our lease is for 5 years and we are currently in negotiation for an extension of the lease, as well as exploring other potential premises in case we don't get an extension. 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.

Page 1

Phoenix Community & Youth Project (Registered number: 07898625)

Report of the Trustees for the Year Ended 31 January 2024

ACHIEVEMENT AND PERFORMANCE Charitable activities

Phoenix has gone from strength to strength during the past 12 months, we have now delivered on a new exciting Government initiative called Multiply, our funding has come from the Liverpool City Region, through WEA and Sefton Council and we are hoping to receive further funding in round two. Multiply is about reintroducing people to maths and can be for employed or unemployed local residents who don't currently have a Level 2 qualification. This funding is allowing us to expand into online support across the whole Liverpool City Region. It was a short term contract with the potential for another two years if we prove successful.

There is a continually 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 now the New Futures funding has ended as 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 are now three years into our lease 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 we have had great success in 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 six years ago it has become increasingly difficult with many more bids being written due to the high number of rejections being received, so we have done exceptionally well to raise as much as we have.

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 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 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 it is likely Vola will secure Government or Liverpool City Region funding that we will be able to apply for as part of the partnership. We are still waiting to find out NEET funding will be replaced by the Government.

Page 2

Phoenix Community & Youth Project (Registered number: 07898625)

Report of the Trustees for the Year Ended 31 January 2024

ACHIEVEMENT AND PERFORMANCE

Project Manager's report

I can't believe that I am writing my Project Managers report for the twelfth annual report, my how time flies and what a very difficult and challenging year its been, we had no direct Government funding for our NEET Project and had to secure grant funding from charitable organisations and from Sefton Councils Higher Needs Funding programme for students with additional support needs.

During the last twelve months one of our disability workers left, one of our two apprentices completed their course and the other is doing really well. Staffing on our NEET project has stayed consistent throughout the year 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 work 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 and Fundraising experts at Sefton CVS, who have always been on the end of the phone, emails and support meetings, the wider CVS team. I have also continued to have great support from all the staff at the Community Foundation for Merseyside.

The project produced impressive outcomes through our Personal Development and Employability Project which operated 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 Meols Cop High School to educate pupils at risk of exclusion. We have also provided 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, Liverpool One Foundation, WEA, Sefton Council Higher Needs Funding, John Moores Foundation, Blue Sky, PH Holt and the Liverpool City Region Cares, Digital Inclusion Fund.

As predicted in last years report, it has been difficult to raise funds this year, with more applications being declined than in previous years. This is not just a problem for us, it is a wider issue due to the difficulties being faced by all VCF organisations with an increasing number of organisations chasing a decreasing amount of funding, we are finding we are continuing to being offered less money than we ask for, leading to us having to secure further funding to continue the project or reduce the length of the project.

We did however secure a two year funded project to employ a Mental Health First Aid Support Worker. However we were lucky enough to link in with Enlighten With Care, a Counselling organisation who have taken up the offer to work with us on the project and develop further. They also have counselling students and so we are able to offer four days a week to our students instead of two.

2024/2025 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.

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.

Page 3

Phoenix Community & Youth Project (Registered number: 07898625)

Report of the Trustees for the Year Ended 31 January 2024

FUTURE PLANS

At the start of the new financial year we had the opportunity to sit down with the Trustees, young people and other service users to look at what we achieved during 2023/24 and what we wanted to achieve as an organisation during 2024/25 and beyond, put them into a plan and set about achieving them.

During 2023/24 we continued to take 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.

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.

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:

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 identified the need to achieve the following in order to give us stability and growth:

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 building would bring. The second a more flexible five year plan was to include any new ventures.

The Eastbank Street building continues to be a very attractive and welcoming and fit for purpose as borne out by the number of young people using the building, the increase in referrals. The local authority continue to hire the building on a Saturday for a disability project.

All in all we haven't achieved much identified in the Project Development Plan this year, but hope to make huge steps next year.

Page 4

Phoenix Community & Youth Project (Registered number: 07898625)

Report of the Trustees for the Year Ended 31 January 2024

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 9th January 2023, during which members were elected into roles.

Chair: Nicola Williams Treasurer: Alan McShane Secretary: Tracy Fiddler Others: Emma Lynch. Michael Kenworthy

The trustees reflect the local business/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 M Kenworthy (appointed 7.3.23)

Company Secretary

F A McShane

Independent Examiner

V & R Accountancy Services Limited Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ

Page 5

Phoenix Community & Youth Project (Registered number: 07898625)

Report of the Trustees

for the Year Ended 31 January 2024

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 2024 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 2024.

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:

  1. 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

  3. 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

  4. 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 Limited Chartered Certified Accountants Cropton House Three Tuns Lane Formby Merseyside L37 4AQ

17 October 2024

Page 7

Phoenix Community & Youth Project

Statement of Financial Activities

for the Year Ended 31 January 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
59
Charitable activities
Youth Project
53,232
Other trading activities
3
-
Total
53,291
EXPENDITURE ON
Charitable activities
4
Youth Project
59,574
NET INCOME/(EXPENDITURE)
(6,283)
RECONCILIATION OF FUNDS
Total funds brought forward
10,646
TOTAL FUNDS CARRIED FORWARD
4,363		 Restricted
funds
£
-
73,040
-
73,040
72,712
328
3,235
3,563		 31.1.24
Total
funds
£
59
126,272
-
126,331
132,286
(5,955)
13,881
7,926		 31.1.23
Total
funds
£
139
122,868
1,600
124,607
137,918
(13,311)
27,192
13,881

The notes form part of these financial statements

Page 8

Phoenix Community & Youth Project (Registered number: 07898625)

Balance Sheet

31 January 2024

31.1.24 31.1.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
CURRENT ASSETS
Cash at bank 6,561 3,563 10,124 16,079
CREDITORS
Amounts falling due within one year 9 (2,198) - (2,198) (2,198)
NET CURRENT ASSETS 4,363 3,563 7,926 13,881
TOTAL ASSETS LESS CURRENT
LIABILITIES 4,363 3,563 7,926 13,881
NET ASSETS 4,363 3,563 7,926 13,881
FUNDS 10
Unrestricted funds 4,363 10,646
Restricted funds 3,563 3,235
TOTAL FUNDS 7,926 13,881

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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 2024 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 2024

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
31.1.24 31.1.23
£ £
Donations and fundraising 59 139

continued...

Page 10

Phoenix Community & Youth Project

Notes to the Financial Statements - continued for the Year Ended 31 January 2024

3. OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
31.1.24 31.1.23
£ £
Room hire - 1,600
CHARITABLE ACTIVITIES COSTS
Direct Support
Costs costs Totals
£ £ £
Youth Project 131,477 809 132,286

4. CHARITABLE ACTIVITIES COSTS

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2024 nor for the year ended 31 January 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 January 2024 nor for the year ended 31 January 2023.

6. 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.
7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
139
Charitable activities
Youth Project
75,959
Other trading activities
1,600
Total
77,698
EXPENDITURE ON
Charitable activities
Youth Project
91,240		 31.1.24

£
82,709
1,221
83,930
31.1.24

5
Restricted
funds
£
-
46,909
-
46,909
46,678		 31.1.23
£
81,167
1,169
82,336
31.1.23
5
Total
funds
£
139
122,868
1,600
124,607
137,918

continued...

Page 11

Phoenix Community & Youth Project

Notes to the Financial Statements - continued for the Year Ended 31 January 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£ £ £
NET INCOME/(EXPENDITURE) (13,542) 231 (13,311)
RECONCILIATION OF FUNDS
Total funds brought forward 24,188 3,004 27,192
TOTAL FUNDS CARRIED FORWARD 10,646 3,235 13,881
8. TANGIBLE FIXED ASSETS
Computer
equipment
£
COST
At 1 February 2023 and 31 January 2024 1,080
DEPRECIATION
At 1 February 2023 and 31 January 2024 1,080
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Social security and other taxes 1,478 1,478
Accruals and deferred income 720 720
2,198 2,198
10. MOVEMENT IN FUNDS
Net
movement At
At 1.2.23 in funds 31.1.24
£ £ £
Unrestricted funds
General fund 10,646 (6,283) 4,363
Restricted funds
BBC Children In Need 3,235 (3,235) -
LCR Cares - Digital Inclusion Fund - 3,563 3,563
3,235 328 3,563
TOTAL FUNDS 13,881 (5,955) 7,926

continued...

Page 12

Phoenix Community & Youth Project

Notes to the Financial Statements - continued for the Year Ended 31 January 2024

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
P H Holt Foundation
Liverpool One
The Workers' Educational Association
John Moores Foundation
BBC Children In Need
Blue Sky Foundation
LCR Cares - Digital Inclusion Fund
Sefton Council - Multiply
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
BBC Children In Need
TOTAL FUNDS		 Incoming
resources
£
53,291
10,000
15,000
22,133
5,000
-
5,000
7,948
7,959
73,040
126,331
At 1.2.22
£
24,188
3,004
27,192		 Resources
Movement
expended
in funds
£
£
(59,574)
(6,283)
(10,000)
-
(15,000)
-
(22,133)
-
(5,000)
-
(3,235)
(3,235)
(5,000)
-
(4,385)
3,563
(7,959)
-
(72,712)
328
(132,286)
(5,955)
Net
movement
At
in funds
31.1.23
£
£
(13,542)
10,646
231
3,235
(13,311)
13,881

continued...

Page 13

Phoenix Community & Youth Project

Notes to the Financial Statements - continued for the Year Ended 31 January 2024

10. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Eleanor Rathbone Charitable Trust
Groundwork Trust
The Workers' Educational Association
John Moores Foundation
BBC Children In Need
Lottery Covid 19 Response
Kickstart
Sefton in Mind
Blue Sky Foundation
TOTAL FUNDS		 Incoming
resources
£
77,698
2,000
1,500
5,684
5,000
10,213
9,974
2,893
5,095
4,550
46,909
124,607		 Resources
Movement
expended
in funds
£
£
(91,240)
(13,542)
(2,000)
-
(1,500)
-
(5,684)
-
(5,000)
-
(9,982)
231
(9,974)
-
(2,893)
-
(5,095)
-
(4,550)
-
(46,678)
231
(137,918)
(13,311)		 Resources
Movement
expended
in funds
£
£
(91,240)
(13,542)
(2,000)
-
(1,500)
-
(5,684)
-
(5,000)
-
(9,982)
231
(9,974)
-
(2,893)
-
(5,095)
-
(4,550)
-
(46,678)
231
(137,918)
(13,311)
231
(13,311)

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.2.22 in funds 31.1.24
£ £ £
Unrestricted funds
General fund 24,188 (19,825) 4,363
Restricted funds
BBC Children In Need 3,004 (3,004) -
LCR Cares - Digital Inclusion Fund - 3,563 3,563
3,004 559 3,563
TOTAL FUNDS 27,192 (19,266) 7,926

continued...

Page 14

Phoenix Community & Youth Project

Notes to the Financial Statements - continued for the Year Ended 31 January 2024

10. 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
Liverpool One
Eleanor Rathbone Charitable Trust
Groundwork Trust
The Workers' Educational Association
John Moores Foundation
BBC Children In Need
Lottery Covid 19 Response
Kickstart
Sefton in Mind
Blue Sky Foundation
LCR Cares - Digital Inclusion Fund
Sefton Council - Multiply
TOTAL FUNDS		 Incoming
resources
£
130,989
10,000
15,000
2,000
1,500
27,817
10,000
10,213
9,974
2,893
5,095
9,550
7,948
7,959
119,949
250,938		 Resources
Movement
expended
in funds
£
£
(150,814)
(19,825)
(10,000)
-
(15,000)
-
(2,000)
-
(1,500)
-
(27,817)
-
(10,000)
-
(13,217)
(3,004)
(9,974)
-
(2,893)
-
(5,095)
-
(9,550)
-
(4,385)
3,563
(7,959)
-
(119,390)
559
(270,204)
(19,266)

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2024.

Page 15