REGISTERED COMPANY NUMBER: 07898625 (England and Wales) REGISTERED CHARITY NUMBER: 1152481 rt o.f the Tru%tee.% dnd Unaudilcd Financial StalLmcnts t.or thL Ycar Endcd 31 Janua 2025 for Phoei)ix Communil & Youih Pro ecl V & R Accountancy Services Limited Chartered Certified Accountants Cropton House ThrL"L Tun% LdnL Formby Merseyside L37 4AQ
Phoenix C.ommunil & Youth Pro ecl Contents of the Financial Sialeinenis for thc Ycai. Ended 31 Janudr PagL Report of the Trustees Independenl Examinevs Reporl Stateinenl ot Financial Activities Bulance Slieet Notes lu the Financial Statements 10 to 15
Phoenix C.ommunil & Youth Pro ecl (Re istered number: 07898625) ort of Ilie Trustees for thL YLdr EndLd 31 Janudr 2025 Thif is the thirteenth Annual Report ot" Plioenix Cominunity & Youtli Project, more coinmoiily kiiown a5 Th¢ Phoenix Project. Since ils inception on January" 5th 201: Ihe Company has been registered as a not-for-profil coinpany limiled by guarantee and. in ?013, bcLumL a rLgi.Ktered chdrity? No. 1152481. The Phoenix Project was established due to the Government's auslerilv measures, which resulted iii Sefton Council having to m&ke 5avin&FS of £44 Million in the tinanci81 year 2011112 and furth¢r %avingF5 in every year since. Tlic PhocniA ProjLLI is now well-cslablislicd within Ihc North SLfion arca, wlicre il is bascd: and is rc2ularly Lontactcd by scliools, colleges, c.areer Connecl, cliildren's hoines, voluntary organisalions and diflerent departments wiihin Sefion Council, including Social Care,. I'irtual School; the Early Intervention Pi'oject; Aiming High; and the Youth Offending Service to make referrals lo us and io .%eek our expertise in u variely ot area%. We arc also becoming bctlLr known aLross thL rcst ot" thL SLtlon MLtropolitan aiLa and hopL to cxploit opportunilics for the PhoLnix Project to expand specific aspec15 Ot. its work further afield over tlie coming )'ears, particularly Ihe delivery ot the Governinent's Yourh Trailblazer Programme and other Government r¢placem¢nt ESF funded prDjects. OBJECTIVES ALYD ACTIVITIES Ohjeetives *nd aims The aims and obj¢¢tives ot the Project. sel out in our M¢nioranduni ot. Articles, ar¢: l. lo ucl re%oui'ce for youn¥ people up to the age of 25, providing %upport, d%Sl%tun¢e und or¥anitiin¥ pro¥rdmnie% ol, phy%icdl, educaiional and oiher aciiviiies as a means of advancing life; 2. helping youn& people by developinbr capacities. skills, and capabi lities lo eiiable tlie1n to participaie in society as independent. Inaiure. and responsible individuals,. advancing education and relieving uneinployinenl,, 4. providing) recreational and leisure tiine acliviiy 111 the interests ot. social welfare lor all people livin&p in the area, regyardless ot their age, sexual orienlalion, gender, race, disability or social ai)d economic circumslances. We are now into our second year al 127 Easlbank Slreel. which we share with Pathways 2 PhoeniK a Communiiy Interes¢ Company (CIC) thai does very SiLmilar work to Phoenix. Our lease ended in ALigust 2025 and we are Clirrenily in negotiation for an extension lo tlie lease, as well as exploi'ingy other potential preinises in case we don't gyet an extension. TIIL movL' ha% hLlpL'd Mith dltfdLtin¥ yuun¥ PLopIL from uLru%s ull thL ward% of Suutliport, a.% WLII d% young pLoplL ifdVL'lliii¥ fruin Birkdale, Ain8dale, Formby, and even as far a8 Omskirk, lo use our service. Kew Ward, where we are based: has eight Lower Super Output Areas (LSOA'5), five of which are in the lowest 30D/o nationally. Dukes Ward has Iwo LSOA'S Writhin the lowesl IOO/ii nationally and Cainbridg¢ Ward has one LSOA in the lowest 200/11 of (he GovcrninLnt'% Multipli IndLX of DLprivution. All IhrLL of our Inain wards COVLrLd havL a liighLr than national TLLnagL Conceplion rate, based on current markel research aiid cominuiiily profiling. We continue lo t.ocus more i)n the needs ot young people and the comniunity as a whole identified Ihrougyh community protiliiibT and Ihroiigh oiir referral pirtners, whilst kee.ping ibre.agi of re.gional and naiional trends and approache8 helping lis to keep relevanl And innovdlivL. Publle benetlt The trustee% are aware of. the Charity ComiMi%%ioii'% gyuidance oli public benefit in Tlie Advancemeiit nf Education tor the Public Bcncfit aiid Iiavc liad icgai'd io it ui tlic adiiiiL115tralioii of ili¢ Pi'ojcct. Page I
Phoenix C.ommunil & Youth Pro
ecl (Re
istered number: 07898625)
ort of Ilie Trustees
for thL YLdr EndLd 31 Janudr
2025
ACHIEVEMENT AND PERFORMANCE
Ch4ritable activities
Pl)oenix has gone from btrength lo strength during the past twelve months. we have continued to deliver on the Government initiaiive
LallLd Multiplv; uur funding hd% Loille froin the Livci-pool Citv RLgion, tlirough IVEA and Sefton Council.
Multiply is about reintroducing people to maths and can be for emploved or uiiemployed local residei)Is who don't CLLrrently have a
Level 2 qualitication. This fundiiigF is allowin&7 US to expaiid into oiiline support acros.s the whole Lii¢rpool City Re&Tioii.
Tlicrc is a coIilinually growing nicd in thL arLa for supporting young pLoplc and widLr Lommunity members who arL Llthcr Not in
Employinent, Educatioll or Training (NEET) or pre- NEET. We secured shorl-lem] funding for The Progress Partnership (TPP) trom
the Liverpool City Region through a giant from the VOLA ConsortLUrn.
We have sinve secured funding for another year for TPP and we hope lo gel a Ihird year next April as we eni'isage that Ihis is still an
arLa of dcvLlopmLnt and growth for the project long-tLrm.
Th¢r¢ are no other organisations in th¢ ar¢a offerin(F this service. We ¥ontinu¢ lo work even inore collaboratively with Pathways 2
Phoenix. We continue to .%hare biJil(ling co%t% Iinil administrdtive costs, such qiidlitication Inemher%hip, a% well %haringT skill% And
siaffing in order for both orgFanisaliuns to be able lo orrer a wider range of oplioiis for young, pL'uplc
Phoenix C.ommunil & Youth Pro ecl (Re istered number: 07898625) ort of Ilie Trustees for thL YLdr EndLd 31 Janudr 2025 ACHIEVEMENT AND PERFORMANCE Project Manager's report l Ldn't believe that I dm wriling my Projcit Mthnugtrr'% rLPOrt fur the Ihirtccnth annual report. My> how time flie% dnd whdl a vcry difficult and challenging year il's beenl We had no direct Government fundins7 for our NEET Project and have had to secure byraiil funding from charitable orgTaiii5atioiis and froin Sefion Couiicil's Higher Needs Funding programme for those sludenls wilh additional support i)eeds and funding for The Progrcss Panncrship. During the last twelve Inonthb one of our disability workei's left and our apprentice Lompleted at took up a permanent post with Pathway% 2 Plioeiiix. Statling? on our NEET project hd5 Stdyecl consi%tenl Ihroug,hout tlie fir.41 half of tlie yeur, which ha% l)ad a posilive impact on Ihe young people wilh some greai results in lernis se¢uring employmenl and Fiirlher Ediicaiion. We decided, during the year, that we could no longer Ineet the needs ol. Ihe increasing nuinber ot. voung people with Education and Healih Care Plans (EHC'P) and pass¢d this work onio a national company called SWRAC. We rransferred one of our staff metnb¢rs over lo SWRAC purt of the proce%% in order to gil'e hiin job %ecurity. I have Lontinued to have the opportunity ot working with a great group of cominilted trustees. I have also worked with ninny other people who have &yiven me some wondert.ul suppon and advice alonL? the way. Inost notably the VOLA leam and fundraisingi experts ai Sefton CVS, who have always been on the end of the phone, einails and support meetings. The wider CVS team and I have also coiilinued lo have great 4upDort troin dll the %lAIt'dl the Cominunily Foiindalion toi. Mer%e)'.%ide. The Pi'ojeLI pr()duied iinpressive oulLome) Ihrougli our Personal D¢v¢lopinent and Enipltsyabilily Pi'ojeLI whiih operated over five days per week for young, people wlio are Not iii En)ployn)enl. Education or Traininb, (NEET), a&yed 15-24. We have also coiiliiiued our conlracl wilh Meols c.op High School 10 ediiuale piipils al risk of exclLlSlOn. The trustees have Inade tlie dirricult decision lo end Ihe Pre-16 support as Governin¢nl Alternative Education guidelines changed: for LIS to Lonlinue this work we would haile needed 10 becoine an Independent School K,hiLh, t.or a kariety of reasons, would be very ditlic.ult ID acliieve, the hi&'gye8t issue beingy the preinises. We liave also slopped providinbj aliernaiive education tor our personal and social developinenl disability projects for young people aged 13-19 and oui. 19+ disability project due lo the freelance staff leaving fur p¢r4uii&l 144LI¢S. We have secured funding trom the following charitable organisations: Liverpool One Community FoLindation, WEA, VOLA Cons)rtium 35 wel l Setlon Council HigFlier Needs Funding. As prL'diLILd in lust yLuf s rLpoit, it ha% Luntinucd tu bL ditTIL'ult to rai%L' fund% thi yLdr, with InurL' dppliLuliL)ns bLing dL'LlinL(J than in previous years. This is noi Just a problem for us since it is a wider issue of the difficuliies beiiig faced by all VCF organisations with an iiiLreasing nlimber of organisations chasiiig a deLreasiiig amolint of lunding. We are continuing being offered less money than we ask for. aiid have lo secure lurtheT lundingr lo either continue the Project or to reduce the lengyth of tlie Project. WL did, IIowLvcr, LontiniiL our Iwu yLar tundcd projLLt to Lnjploy u MLnlal HLalih Fir%1 Aid Support W(TrrkLI'. Wc wLri IuLky Lnough to conlinue lo link- in with Enlighten With Care, a couiiselling organisalion who have conlinued lo work with us on the Project and io develop further. They also have cDunselling studenw and so we were able lo offer four da)'s a week to our slLidents instead of IWD. 20211202() and fiiliire yearg will eonliniie in a sin)ilar ve.in as Il)ere doegn'l geein to be any likelihood of an end lo aiislerily IneAsiire.g nd, thLrcforc, morL and morL VCF urgani%dtion% will LOlltinuL to Lha4c Lvcr dcLrca%ing aniuunt i)f funding. Page 3
Phoenix C.ommunil & Youth Pro ecl (Re istered number: 07898625) ort of Ilie Trustees for thL YLdr EndLd 31 Janudr 2025 FUTURE PLANS At the start of the new financial year, we had the opportunit} to sit down with the trustees, youns, people and other service users to look at what e achieved diinng 2024125; whal we Thyanted to acl)ieve as an organisallon during 2025126 and beyond,. pill thein into a plan: and %LII thbout aLhieving thLm. During 2024125, we continued to take a balanced approach lo what was needed in order to rneet the organisalional dei'elopmenl plan for the year, continuingF Wlth a targieted approach to our li]ndraisingF and coiitinuiiig lo identify Comniunity needs and wants throu(vh our comprehensive Cominiinily Profile and Youtli Fotijm. Wilh all tlii5 in mind, we once again revisited the business plan, tinancial predictions and our aims and objectives to ensure tliey were working docuinents that were fit lor purpo<e. which they were. Our aims and objectives of the Projecl, sel oui in our Memornndum of Articles, r¢mained unchanged and are.. l . lo act as a resource tor young people up to tlie age of. 25, providing 5UPPOrt, EbS51Stance and organising programmes ot. physical, educational and other activities as a means of advancing life; 2. helping young people by developing capaciiies and skill< capabilities to enable tliein to parti1pate in socieiy ab independent, mature aiid responsible individuals; advancing education. relieving uneinployineni,. 5. providinky recreational and leisure tiine actlvily 111 the interests of. social welfare for all people livin&1 in the area. regyardless ot their age. sexual orienlalion, gender. race, disability or social aiid economic circumslances. We agreed that these aims &nd ¢)bjectives were still fit for purpose, based on our priorities for the future, with the last paragraph sutli¢ienl lo encoinpass potential expai)sion 11110 workiiigi with tlie wider comniunily. in particular older people aiid Eastern European fainilies as boih these groups have an extremely l)igh representation in Souihporl. Our meeiings and consullalions with the service users. siaff, and ihe trusiees identified ¢he need lo achieve the following in order to give us stability and growth,. i'edevelop our three and five year developnienl plon; 2. redevelop our three-year fundraising plan for sustainability purposes; explore turther provision tor older meillber5 01, the community; recruit und train voluntLLrs to allLVlUtL fLlianLL on lunding %tal't saluriLs' Continue to secure real life trainii)g opportunities for the N EET young people, making them more employable,. eonliniie to explore other 8oiirc.es of fiinding siich as spongorship from local biisinesse.g. It was agreed that we still needed two developinent plans and that both needed revisiting. The tirst, lor three vears, lakes into accounl the Eastbank Street building and whether this building would Lontinu¢ lo m¢¢1 our projeil needs. The s¢cond, a more flexible five-year plan to include any iiew i'enlures. All in all, WL havcii'l achiLvcd muLh idcnlilicd in thL Projcct Dcvclopinint Plan tliis yLar, but liopc to n)akc huge stcps next ycar. STRUCTURE. GOVERIYALNCE ALND MANAGEMENT Govvrning do¢umvnt The charily is controlled by ils governing document, a deed of iSt, and conslilutes a limited company, liiniled b). guarantee, as dcfiT]Ld by thc Coittpajiics ALt 20U6. Page 4
Phoenix C.ommunil & Youth Pro ecl (Re istered number: 07898625) ort of Ilie Trustees for thL YLdr EndLd 31 Janudr 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Declslon making Wc havL held regular trustee IneLbtings during the ybur and u Generul McL%ting ivas held for mLmbers uf the Lominunity who mighi have a vested interest in tlie project on 9th January 2025. during which menibers were elected into roles. Chair.. Nicola Williains Treasurer.. Alaii Mcshane (reSied 17 Julsf 2025) SLLrclary.- TraLLy Fiddlcr Others.. Emnia Lynch. N(icliael Kenworthy Tlie tru.4teety reflect tlie local bu5ine%41populalinn dnd euch ol. theni gyiveq up their time tor the %aine reason, whicli 1% lo prnvide an excelleni yoiilh ai)d coinmunily provision in the area. The Imsiees meei bi-monihly. however the L hair and Treasurer meel more rLgularly with Ihc ProjLcl ManagLr in ordcr to support thc fiindraising lo cnsurL thL SULcess of Ilic ProjLLI. REb'LRENCE AND ADMINISTRATIVE DETAILS Rygistered Companv nijmber 078986?5 (Enbjland alld WalLS) Registered Charity number 1152481 Reglstered offlce Unit 5, Shakespeure Centre Shakesp¢are Slreel Souihport Mersey8ide PR8 SAB Trustees Ms N J Williams M% T Fiddler Ms E L Lynch M Kenivorthy Independent Examlner V & R Acuounidncy SorviL'LS LiinilLd Chartered Certified ACCounnIS C'.roplon Holise Three Tuiis Lane Formby mLrySLdl L37 4AQ ST ATEMENT OF TRUSTEES, RESPONSIBILITIES The Inistees {who clre algo the direetorg of Phoenix fommiiniiy &. Yoiiih Project for the piityoses of e.oinpany law) are responsible for prcpdring thL Rcport of Ihc Tru%tec% aiid Ihc tindnLidl %latClllLnt% in dLLDrdthnLC Wltli applicablc laiy and UnitLd Kingdom Accuunting Standards (Uniled Kingdom Generally Accepted Accounting Practice). Page 5
Phoenix C.ommunil & Youth Pro ecl (Re istered number: 07898625) ort of Ilie Trustees for thL YLdr EndLd 31 Janudr 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES- continued Company law requires the trustees 10 prepare financial stalenients for eacl) financial year which gIe a trLie and fair view of the slale of affdifi of IhL cliuritablL Lompany and uf the incuming rL'SoufLL% dnd appliLdtion of rc%ourLL%, inLluding thL income expendi¢ure, of the charitsble conipany for tliat peri(xl. In preparing those financial slateinenls, the trustees are required to select suitable accounting policies and theii apply them consisteiiily- observe the ineiliods and principles in the Chariry SORP: niakc.judgcmLnts and Lstimalcs that arL rLasonablc and prudcnt- prepare tlie f Inancial statements on the going concern basis unless il is inappropriate to presume thal the charitable company will continue in business. The Inislees are respoiisible for keeping proper accounting re¢ords whicli disclose with reasonable accuracy al any lime the financial position of thL LharitablL' coinp4111y and lo enablc thLm lo ensure that thL finaiiLial statemLntS Lomply with thL Lompanics Act ?006. They are also responsible tor sateguarding the asbels of. the charitable company and hence tor taking reasonable steps tor the prevenlioi) and deleciion of fraLid and other irregularitie&. This report has been prepared in accordance with the special provisions of Pari I S of Ihe Coinpanies Aci ?006 relating lo small Loinpanies, Approved by order of the board of trusiees on 23 October 2025 and signed on its behalf by: Ms F L Lyncl)- Trustee Page 6
Inde endenl Examiiief s Re ort io the Trustees of Phoenix Communi & Youth Pro e¢t Independent examiner's report to the trustees of Phoenix Communit) & Youth Project ('the Compan) I report to the charity trustees ov] my exaillination of the accounts of the Coinpany for the year ended .1 l JaTbuary 2025. Re5ponsibilitie5 and bgsi5 of report As the charit} s Iruslees ol the Coinpany {aiid also ils directors for the purposes of company law) yOLi are responsible for Ilie prcpurutiun uf the acLuunt% in alLrdance with the requiremlt% uf thc Coinpunie% ALt 2006 ('thL 20U6 Act,). H&ving salisfi=d myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 ALt and are eligFibl¢ t.or independ¢iil examiiiatioii, I report iii respect of my examination of your charity's account5 a5 carried out under Section 145 of the C'harities Aci 2011 ('Ihe 201 l Act,). In carrying out my examinalion I have followed the Directions given by the C.harily Q'.ommission under ScLtion 145(51 (b) of the 201 I ALt. Independent examlner's stxtement I have completed my exdmiiialion. I contirm thal no malters have coine to my attentioii in Lonnection with the examiiiation gFiving7 Ine cause 10 belIee.. accoiinting records were not kepl in re5pecl ot. the c.ompany as reqiiired by Section 386 01. the 2006 Act. or the accounts do not acconl with thos¢ records; or the aceoiint,% do nol comply with the (ieenunlingT reqLiirement% of. Section 396 of the 2QQ6 Act other than iiny requirement tli&t tl)e acLountS gyle a rruL' and fair view whiLh is nul a nialic'r considered as part of an indL'pendent exaininarion. or the accounts have not been prepared in aLLordance with the methods and priiikniples of the Statement ()f Recon)meiided Practice for accouiiting and repoi1ing by charities (applicable to chariiies preparing> their accounts in ac¢ordanc¢ wilh th¢ Financial Reporting Standard applicable in the UK and Republic of Irelalld (FRS 102)). I have no concerns and hai.'e coine across no oiher rnaiiers in connection wilh Ihe examinaiion io which aiieniion should be drawn in this repon in order to enable a proper understanding of the accounts to be reached. G J Rummens FCCA V & R Accountancy Seivices Limited Cl)arlered Cerlified Accounian(s Croplon Huusc Three Tuns Lane Formby Merseyside L37 4AQ 23 October 2025 Page 7
Phoenix C.ommunil & Youth Pro ecl Statement of Financial Aclivities for thL YLdr EndLd 31 Janudr 2025 31.1.25 Total funds 31.1.24 Total fiinds Unrestricted lund Restricted funds INCOME AND ENDOWMENTS FROLWI Donatloiis and legaLies 175 175 59 Charltable actlvltles Youth Projcct Tolal 13% 61?1 138 866 126272 126,331 63,821 EXPEIYDITURE OLY Charitable *¢tivities Youih Project 134.475 IYET INCOMEI(EXPENDITURE) 2,287 2,104 (5,955) RECONCILIATION OF FUNDS Tolal fund% brought forw(Ird 4,363 3,5(J3 TOTAL FUNDS CARRIED FORWARD The notes fonn parl of iliese finaneial statements Page 8
Phoenix C.ommunil & Youth Pro ecl (Re istered number: 07898625) Balance Sheel 31 Jdnudr 2025 31.1.25 Total funds Unrestricted lund Restricted funds Total fiinds CURRENT ASSETS Cash al bank 8,863 5,667 14,530 10,124 CREDITORS Ainounts falling duL within onc ycar (2,21_A) (2,21_A) (2,19%) NET CURRENT ASSETS 5,667 317 7,926 TOTAL ASSETS LESS CURRENT LIABILITIES 6,650 5,667 1:,317 7,926 IYET ASSETS FUNDS Ui)I'¢sii-ictcd funds RL%triL'ILd tund TOTAL FUNDS 6,650 4,J63 3,563 The cliariiable coinpanv is eiililled to exeinpiion from audit under Section 477 of Ihe Companies Act 2006 for the year ended 3 L Jllnuary 202.5. The meinber% have not required the cnmpuny lo obtuin un uudit ot. its finuncial slulernenls for the yeur ended 31 .l&nudry 2025 in accordance with Section 476 of The Comp4?nies Act £006. The Irusiees a¢knowledge their responsibilities for en%uring that the charitable Cornpdny keep% uccnuntin¥ records thdt coinply with Sections and 387 of the Conipanies Act 20(IC) diid preparing tin¥Aneial slateinenls which give a true and f&ir view of the slate of affrlirs of the Lharitdble conipany tts YAI the end of eaLh liiiancial year aiid of 11$ sui'plus or deticil lor each fiiiaiicial year iii accordance witli the requireinLnts of S¢¢lioiis 394 and 395 and which olhetwise comply with the requiremenis of the C:ompanies Aci 2006 relaiing lo financial statements, so tar a4 applicable to Ilie charituble compuny. (b) These finanuial statements have been prepared in accordance with the provisions applicable lo charitable Lompanies subjeil 10 the small compaiiies regyiine. The fiiiancial slaleinenls were approved by Ilie Board of Truslees and autliorised for issue on 23 Ociober 2025 and were signed on ils behalf by.. E L Lynch - Trustee The notes fonn parl of iliese finaneial statements Page 9
Phoenix C.ommunil & Youth Pro ecl Noleb lo the Financial Statements for thL YLdr EndLd 31 Janudr 2025 ACCOUNTING POLICIES Basls of preparlng the financial statements ThL finunLial %tatcmLnt% of the Lliaritdble conipuny, whiLh 1% a public benefit Lntily under FRS 102, huve becn prep£Ld in accordance with the Charilies SORP (FRS 102) 'Accounting ai)d Reporting by Charilies- Sialeinent of Recoinm¢nded Practice applicable lo charities preparing their accounis it) aLcordance with the Financial Reporting Standard applicable in the UK and Republic of Jreland {FRS 102) (etlective l Janiiary 2019}', Financial Reporting Standard 102 'The Financial Reporiing Standard applicable in the UK and Republic of Ireland, and the C,ompaiiies Aet 2006. The financial slalements IiawL bccn prLparL'd undcr thc hisloriLal Lost LollvLntion. Incorne All incoille is recogFnised in tlie Stdtemenl ot Financidl Activities once ihe charity has eiititlement lo ihe fund%, it 1% pmbable that the income will be received and the amouni can be measured reliablj. Expenditure Liabilities are recognised as ¢xpenditure as soon as there is a legal or constructive obligation comtnitting the Charity lo thal expenililiire, il li probable that a tran%fer ot econoinic benefit% will be required in %eltlemenl and Ihe dmoiint of the ohl igpiilion cali bL Ineasured reliably. Expenditure is acLuuntL.d for on an accruals basis and has been classified uiider hL'<idingTS iliai ggregate all LOSI related to the category. Where costs Lannol be direLtIy attributed to particular headings they have been allocated to aclivilies on a basis consisl¢nt with th¢ use ot resoiirc¢s. T2nglble flxed assets Depreciaiion is proi'ided ai ihe following annual raies in order lo wriie off each assei over lis estimaied useful life. Computer equipmeni Siraighi line over 4 years T4xation The L harily is exempt from corporation tax on ils charitable aLlivities. Fund &ccountlng Unre%lriLted fund4 Lan be u%¥d in LOrdance with the Lharildble L)bjeLtives ut the di%Lretion ot the trubtee4. Restricted funds can only be used for particular restricted Plirposes within the objects of the charity. Restrictions arise when specitied by the donor or when funds are Taised lor particular restricted purp05e5. FurthLr Lxpldnuliun uf thL' n(iturc' und purpuiL' uf LdL'li fund is inL'ludcd in ihL nulLS lo IhL' finanLiuI slaiL'inLnLs. Pension cosls And other post-retirement benefits The charitable coiiipJny operates L defined coiitribution pension scheine. Contributions payable to the charitsble company's pension scl)eme are charged lo Ihe Sialemeni of Financial Aclivili¢s in the period lo which Ih¢y r¢laie. P¥AEe l O continued..-
Phoenix C.ommunil & Youth Pro ecl Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 Janudr 2025 DONATIONS.4ND LEGACIES 31.1.25 31.1.24 Donthtion% and fLindrui%ing 175 59 CHARITABLE ACTIVITIES COSTS Direct Costs Support costs Totals Youth Project 1.31 555 920 134475 TRUSTEES, REMUNERATION AND BENEFITS There were iio trustee%' reffluneraliDn or other benetit% tor the >eJr ended 31 Jaiiuary 2025 nor t'or the year en(led 31 Jdiiullry 2024. Trustees, exPeSe$ There were no trustees, expenses paid for Ihe year ended I l January 2024 nor for the year ended .1 l January 2024, STAFF COSTS 31.1.25 31.1.24 Wages and salaries other pension costs 110.736 82.7Ug 81991) The al'erage monthly number of einployees during Ilie year was as follow's.. .31.1.25 31.1.24 Proje staff No einployees received emolumeiils in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnrestriLted fund RestriLled nds Total lunds INC.OMF. AND F.NDnivMF.NTS FROM Donations and legacies 59 59 Charitgble actfvllles Youili Projecl Tvl¥l 126 72 126331 EXPENDITURE ON Chdritable activities YoLlth ProjLLI 132 286 P¥AEe I I continued..-
Phoenix C.ommunil & Youth Pro ecl Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 Janudr 2025 COMPARA TIVES FOR THE STATEMENf OF FINANCIAL ACTIVITIES - continued Unrestricted fund Restricted funds Totsl funds NET INCOME/(EXPENDITURE) 16,283) 328 {5,955) RECOiYCILIA TIC)iN OF FUND>) Total funds brougl)I forward 10,646 TOTAL FUNDS CARRIED FORW'ARD TANGIBLE FIXED ASSETS Compuler equipm¢nt COST Ai l February 2024 and 31 Januai), 2025 DEPRECIATION Ai l Februaiy 2024 and 31 Januars, 2025 ET BOOK V.4LUE Ai 31 January 2025 Al 31 Janliary 2024 CREDITORS: AMOUNTS FALLILNG DUE WITHIN ONE YEAR 31.1.2% 31.1.24 Social seeurily and other ta¥es Accruul4 und deferred iiiconie 1.373 8411 1,478 720 MOVEMENT IIY FUNDS Net moveinenl in funds Al Ai 1.2.24 Unrestricted funds General fund 4,363 2,287 6,650 Restrleted funds VOLA Coii%urtiuin LC.R Cares - Digital Inclusion Fund 5,(?67 3 5C)l) 2.104 5,667 TOTAL FUNDS P¥AEe 12 continued..-
Phoenix C.ommunil & Youth Pro ecl Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 Janudr 2025 MOVEMENT IN FUNDS - continued Net movement in lunds. included in the above are as follows.. Tncoining resources Resources eApended Movement in funds" Unrestrlcted funds GLnLr&l fund {61,5341 2,287 Restrleted funds Liverpool One VOLA Consortium Thc M'orkcrs, Edueational AssoLiatioJi LCR Cares - Digital Inclusion Fund Sefton Council - Multiply 15,0110 32.795 18,575 {15,OOn) {27.128) {111,575) (3,5C)3) 5.667 {3,563) 72g41) 134 475) TOTAL FUNDS 138866 ComparAtives for movement in funds Net move1nenl in fiinds Ai .31.1.24 Al 1.2.23 Unrestricted funds General fund l U,646 (6,283) 4.363 Restrleted funds BBC Childreii In Need LC.R Cares - Digitul Inclusion Fund 3,235 (3,235) .3.235 -328 TOTAL FUNDS P¥AEe 13 continued..-
Phoenix C.ommunil & Youth Pro ecl Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 Janudr 2025 MOVEMENT IN FUNDS - continued Comparative nei moveinent in funds, included in the above are as follows: Tncoining resources Resources eApended Movement in funds" Unrestrlcted funds GLnLr&l fund 5.fj.291 {59,5741 {0,2831 Restrleted funds P H Holt Foundalinn Liveryool One Thc M'orkcrs, Edueational AssoLiatioJi John Moores Foundation BBC Children In Need Bliie Sky Foun(lation LC.'R Cdres - Digvilal Inclusion Fund S¢fton Council Mliliiply i 0,0110 15.000 22.133 5,000 { i o,oot)) {15.000) {22,13.3) (5,OOll) (3,215) (5,000) (4.385) {3,235) 5,000 7.948 -1.563 72719) 132 28()) 328 TOTAL FUNDS 12fi331 A Lurrent year 12 months and prior year 12 months combiiied position is as tolltsws.. Nel m(Ivemeiil in funds Al 31.1.25 Ai 1.2.23 Unrestricted funds General flind 10.646 {3,996) 6.650 Restrietcd funds VOLA C'oiisortium BBC Children In Need 5,667 5,667 2.432 15C)4) TOTAL FUNDS P¥AEe 14 continued..-
Phoenix C.ommunil & Youth Pro ecl Noleb lo the Financial Statements - continued for thL YLdr EndLd 31 Janudr 2025 MOVEMENT IN FUNDS - continued A current year 12 inonihs and prior year 12 months coinbined nel inovernenl in funds, included in the above are as follows: Tncoining resources Resources eApended Movement in funds" Unrestrlcted funds GLnLr&l fund 17.112 (121,1081 {3,9961 Restrleted funds P H Holt Foundalinn Liveryool One VOLA Consortium The Illorkers, Educational Association John Moores Foundation BRC Children In Need Blue Sky Fuundation LCR C'ares - Digitlll Inclusioii Fund S¢fton Council Multiply i 0,0110 30.000 32.795 4n,708 5.000 { i o,oot)) {30.000) {27,128) (40,708) (5,000) (3,2.35) (5.000) (7,948) 16 6341 145 653) ?{)6 71)1) 5,667 (3,235) 5.000 7,948 l 0.()34 148.085 265 197 TOTAL FUNDS io. RELATED PARTY DISCLOSURES There were nL) related Party tran.4aLtion8 tur the yeur ended 31 .lanuary 2025. Page 15
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