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← The Bermuda Phoenix Centre Ltd

2025-03-31-accounts

THE BERMUDA PHOENIX CENTRE LTD

(Company number 08432588, registered charity number 1153266)

Financial statements

for the year ended 31 March 2025

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 2025

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 2025.

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 Donna French 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

Director’s Report (continued)

for the year ended 31 March 2025

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).

THE BERMUDA PHOENIX CENTRE LTD

Director’s report (continued)

for the year ended 31 March 2025

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 Date

Full Name: Pauline Walker, Committee member

Independent examiner’s report to the trustees of

THE BERMUDA PHOENIX CENTRE LTD

for the year ended 31 March 2025

Report to the trustees / directors of Bermuda Phoenix Centre Ltd on accounts for the year ended 31[st] March 2025, 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:

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:

Signed: S.Carey

Date: 14/11/2025

Sean Carey, FCCA

THE BERMUDA PHOENIX CENTRE LTD

Statement of financial activities

(incorporating the income and expenditure account)

for the year ended 31 March 2025

Note
Incoming resources
Bar Income
Rent
Car Park
Food Income
Grants
Sundries
Donations
Total incoming resources
Resources expended
Salaries/Redundancy
4
Property Costs
Breakfast Club
Bar Expenditure
Miscellaneous
Grant Expenditure
Cleaning
Independent Examination
Total resources expended
Surplus/(deficit)
Balance brought forward
Balance carried forward		 Unrestriced
Funding
£
32,005
37,763
7,400
-

-

-

250
77,418
1,808
48,539
-
20,457
310
-
-
234
71348
6,070
17,664
23,734		 2025
2024
Total Funds
Total Funds
£
£
32,005
26,178
37,763
38,755
7,400
3,100
-
-
-
5,000
-
-
250
-
77,168
73,033
1,808
4,026
48,539
37,770
-
-
20,457
22,645
310
1,439
-
-
-
-
234
300
71348
66,180
6,070
13,253
17,664
4,411
23,734
17,664

All the activities of the charitable company are classed as continuing.

THE BERMUDA PHOENIX CENTRE LTD

Balance sheet

at 31 March 2025

Note
Current Assets
Cash at bank and in hand
Current Liabilities
Sundry creditors
6
Long Term Liabilities
Loans
3
Total Liabilities
Net Current Assets
Represented by
Unrestricted Funds
Restricted Funds
Balance carried forward		 2025
£
23,984
250
-
-
250
-
23,734
23,734
23,734		 2024
£
17,964
300
-
-
300
-
17,664
17,664
-
17,664

Exemption from audit

For the year ending 31[st] March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

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:

Dated:

Pauline Walker, Committee member

THE BERMUDA PHOENIX CENTRE LTD

Notes to the accounts

for the year ended 31 March 2025

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 2025
2024
£
£
250
300
250
300

3. Long Term Liabilities

The Bermuda Phoenix Ltd had no long term liabilities as at 31[st] March 2025.

4. Staff costs and numbers

The Bermuda Phoenix Ltd had no employees during the year. Amounts included relate to casual wages to a part time manager.

THE BERMUDA PHOENIX CENTRE LTD

Notes to the accounts

for the year ended 31 March 2025

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 £250 relating to the year ended 31[st] March 2025.

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.