THE BERMUDA PHOENIX CENTRE LTD
(Company number 08432588, registered charity number 1153266)
Financial statements
for the year ended 31 March 2024
| Page | Contents |
|---|---|
| 2 - 4 | Directors’ (Trustees’) annual report |
| 5 | Independent examiner’s report |
| 6 | Statement of financial activities (including the income |
| and expenditure account) | |
| 7 | Balance sheet |
| 8 - 9 | Notes to the accounts |
THE BERMUDA PHOENIX CENTRE LTD
Directors’ report (incorporating the Trustees’ annual report) for the year ended 31 March 2024
The trustees, who are also directors of the charity for the purposes of the Companies Act, submit their annual report and the financial statements for the year ended 31 March 2024.
Full name : The Bermuda Phoenix Centre Ltd
Registered charity number: 1153266 Registered company number: 08432588 Principal address: Bermuda Road, Nuneaton, Warwickshire, CV10 7HU Directors (Trustees): Jan Wara Nicola Paul Bankers: HSBC, 3a Queens Road, Nuneaton, CV11 5JL
Independent examiner: Sean Carey, FCCA 50 Barrie Road, Hinckley, LE10 0QX
Governance and management
The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 6[th] March 2014. It has no share capital and the liability of each member in the event of winding-up is limited to £1.
Overall management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the constitution. Day to day management is carried out by paid staff and/or volunteers.
THE BERMUDA PHOENIX CENTRE LTD
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Director’s Report (continued)
for the year ended 31 March 2024
Aims and objectives
To further or benefit the residents of the Bermuda area of Arbury and the wider neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents.
The charity’s policy on reserves
The charity has no specific policy with regard to the level of reserves..
Exemptions
The trustees have taken advantage of the exemptions available to small companies, including the audit exemption (see statement on balance sheet).
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THE BERMUDA PHOENIX CENTRE LTD
Director’s report (continued)
for the year ended 31 March 2024
Responsibilities of the trustees
Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity at the end of the year and of the surplus or deficiency for the year then ended.
In preparing those financial statements, the trustees are required to: select suitable accounting policies, as described on page 8, and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable. The members of the Committee must also prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity, and enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
Declarations
The company has taken advantage of the small companies’ exemption in preparing the report above.
The trustees declare that they have approved the trustees’ report (including directors’ report) above.
Signed on behalf of the charity’s trustees/directors
Signature Pauline Walker Date 8[th] January 2025
Full Name: Pauline Walker, Committee member
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Independent examiner’s report to the trustees of
THE BERMUDA PHOENIX CENTRE LTD
for the year ended 31 March 2024
Report to the trustees / directors of Bermuda Phoenix Centre Ltd on accounts for the year ended 31[st] March 2024, charity number 1153266, company number 08432588, set out on pages 6 to 9.
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention to indicate that:
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accounting records have not been kept in accordance with section 386 of the Companies Act 2006;
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the accounts do not accord with such records:
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where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting requirements under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP (FRS102)
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any matter which the examiner believes should be drawn to the attention of the reader to gain a proper understanding of the accounts.
Signed: S.Carey
Date: 8[th] January 2025
Sean Carey, FCCA
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THE BERMUDA PHOENIX CENTRE LTD
Statement of financial activities
(incorporating the income and expenditure account)
for the year ended 31 March 2024
| Unrestricted Funding Note £ Incoming resources Bar Income 26,178 Rent 38,755 Car Park 3,100 Food Income - Grants 5,000 Sundries 6,400 Transfer Deeley loan to income - Total incoming resources 79,433 Resources expended Salaries/Redundancy 4 4,026 Property Costs 37,770 Breakfast Club - Bar expenditure 22,645 Miscellaneous 1,439 Grant expenditure - Cleaning - Independent Examination 300 Total resources expended 66,180 Surplus / (deficit) 13,253 Balance bought forward 4,411 Balance Carried Forward 17,664 |
2024 2023 Total Total Funds Funds £ £ 26,178 15,883 38,755 12,660 3,100 8,425 - 2,765 5,000 14,196 - - - 14,800 73,033 68,729 4,026 12,135 37,770 21,521 - 2,132 22,645 17,281 1,439 934 - 11,740 - 1,499 300 150 66,180 67,392 13,253 1,336 4,411 3,075 17,664 4,411 |
|---|---|
All the activities of the charitable company are classed as continuing.
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THE BERMUDA PHOENIX CENTRE LTD
Balance sheet
at 31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note Current assets Cash at bank and in hand Current liabilities Sundry creditors 6 Long term liabilities |
£ 17,964 (300) |
(300) 17,664 17,664 0 17,664 |
£ 4,561 (150) |
| Deeley Properties Loan 3 |
- | 0 | |
| Total liabilities | 4,411 | ||
| Net current assets | 4,411 | ||
| Represented by | |||
| Unrestricted Funds | 2,721 | ||
| Restricted Funds | 1,690 | ||
| Balance carried forward | 4,411 |
Exemption from audit
For the year ending 31[st] March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006:
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
The directors declare that they have approved the accounts above.
Signed on behalf of the company’s directors:
Signed: Pauline Walker
Dated: 8[th] January 2025
Pauline Walker, Committee member
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THE BERMUDA PHOENIX CENTRE LTD
Notes to the accounts
for the year ended 31 March 2024
1. Accounting policies
Basis of the preparation of the accounts
These financial statements have been prepared under the historical cost convention, with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
Incoming resources
All material incoming resources have been included on a receivable basis – i.e. they are included if the date receivable falls within the period covered by these accounts.
Resources expended
These have been analysed using a natural classification.
2. Creditors
| Independent Examination | 2024 2023 £ £ 300 150 300 150 |
|---|---|
3. Long Term Liabilities
The Bermuda Phoenix Ltd had no long term liabilities as at 31[st] March 2024.
4. Staff costs and numbers
The Bermuda Phoenix Ltd had no employees during the year.
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THE BERMUDA PHOENIX CENTRE LTD
Notes to the accounts
for the year ended 31 March 2024
5. Trustees’ remuneration, benefits and expenses
Trustees received no expenses, remuneration or benefits in this period
6. Independent examination and accountancy services
During the period, the cost of the examination and accountancy services was £150 relating to the year ended 31[st] March 2023.
7. Annual commitments under operating leases
The Company has a long term lease on the premises of the Bermuda Phoenix Centre and an associated parking licence at an annual rent of one peppercorn. The freehold owner of the premises of the Bermuda Phoenix Centre is Deeley Properties Limited.
8. Glossary of terms
Creditors: These are amounts owed by the charity, but not paid during the accounting period.
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