Phoenix Health and Wellbeing
Charity number 1154273
Annual Report and Financial Statements for the year ended 31 March 2024
Phoenix Health and Wellbeing
Annual Report and Financial Statements for the year ended 31 March 2024
| Contents | Page |
|---|---|
| Trustees' report | 2 to 3 |
| Examiner's report | 4 |
| Receipts and payments account | 5 |
| Statement of assets and liabilities | 6 |
| Notes to the accounts | 7 to 8 |
Prepared by West Yorkshire Community Accountancy Service CIO
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Phoenix Health and Wellbeing
Trustees' report for the year ended 31 March 2024
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates
David Aspland Helen Kemp Andy Hewitt Hannah Howe Rachel Dixon Michael Hall Helen Matthews
Chair
Resigned 26 February 2024 Appointed 5 September 2023 Appointed 6 September 2023 Appointed 6 September 2023
Charity number
1154273
Registered in England and Wales
Registered and principal address
Bankers
Lower Ground Floor CAF Bank Limited 30 Park Place 25 Kings Hill Avenue Leeds Kings Hill, LS1 2SP West Malling, Kent ME19 4JQ
Independent examiner
Rhys North ACA
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO) foundation formed on 18 October 2013 and amended on 7 September 2023 and is governed by a constitution.
Method of recruitment and appointment of trustees
Every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity's trustees.
Objectives and activities
The charity's objects
The object of the CIO is to support the needs of those persons affected by mental, emotional or physical health issues in the interest of promoting their good health and wellbeing. This support will be in the form of talking and complementary therapies and by providing information and support. Phoenix Health and Wellbeing will also provide information and training to members of such professions and organisations as are also concerned with the support of persons with mental, emotional or physical health issues.
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Phoenix Health and Wellbeing
Trustees' report (continued) for the year ended 31 March 2024
The charity's main activities
Phoenix Health and Wellbeing provide support, in the form of counselling and complementary therapies to people who have chronic health issues and low incomes. The people who receive this support are referred to the organisation by medical and health care practitioners.
Public benefit statement
In setting our objectives and planning our activities our trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular to support the needs of those persons affected by mental, emotional or physical health issues in the interest of promoting their good health and wellbeing.
Achievements and performance
In the year ending 31 March 2024 our charity delivered 5,591 sessions of support to 570 people who were referred for support due to their chronic health issues and low incomes. The support sessions were as follows: 3,610 counselling sessions, delivered either in person or by telephone or Zoom, 1,981 massage or acupuncture sessions.
Financial review
The net receipts for the year were £11,313, all on unrestricted funds.
Reserves policy
The charity's free reserves, at the year end were £178,032.
The trustees propose to maintain the charity’s general reserves at a level which is between six and twelve months operational expenditure and have done so having regards to its manner of operation of likely funding streams.
In addition, the trustees wish to explore alternative premises solutions for the delivery of therapy services. For this reason the charity has designated £50,000 of its reserves as a Property Fund.
Based on budgeted 2024/2025 expenditure this equates to between £107,900 and £215,800.
If our reserves fall below the lower reserves target or exceed the upper target this will be flagged to the trustees for action to mitigate risk.
We have adopted this reserves policy because our funding comes from limited sources, primarily sales of our complementary therapies. If this income stalls, as it did during the Covid pandemic almost all of our income will cease. We need to ensure that we have resources to cover such scenarios.
Approved by the board of trustees on 31/10/2024
Helen Kemp (Trustee)
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Phoenix Health and Wellbeing
Independent examiner's report to the trustees of Phoenix Health and Wellbeing
I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 March 2024, which are set out on pages 5 to 8.
Responsibilities and basis of report
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the CIO's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records.
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.
Rhys North ACA
31/10/2024
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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Phoenix Health and Wellbeing
Receipts and payments account
for the year ended 31 March 2024
| Notes Receipts Grants (2) Fund raising and donations Acupuncture, counselling and massage services Employee assistance programme Room rental Other income Bank interest Total receipts Payments Salaries NI and pensions Therapists Fund raising costs/donations Rent and rates Telephone, internet and website costs Printing Insurance Utilities Equipment Independent examination Marketing Other operating costs Training Subscription and licence fees Legal and professional fees Premises costs Total payments Net receipts Fund balances brought forward Fund balances carried forward |
2024 Total funds £ - 10,560 189,121 24,755 2,088 137 320 226,981 72,491 101,725 1,200 12,868 1,409 974 954 5,992 3,531 945 695 1,852 936 4,505 905 4,686 215,668 11,313 166,719 178,032 |
2023 Total funds £ 8,821 14,913 154,297 11,075 2,980 513 235 192,834 62,022 84,721 - 22,342 1,290 337 994 3,920 526 900 1,023 1,142 953 5,005 - 5,458 190,633 2,201 164,518 166,719 |
|---|---|---|
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Phoenix Health and Wellbeing Statement of assets and liabilities
as at 31 March 2024
| as at 31 March 2024 Cash funds Cash at bank Total cash funds Debtors and prepayments Debtors Prepayments - Insurance Liabilities Creditors - Therapist fees Accruals : Rent Independent examination Utilities and hygiene costs |
2024 Total £ 178,032 178,032 2024 £ 2,510 556 3,066 2024 £ 9,297 2,700 1,188 1,323 14,508 |
2023 Total £ 166,719 166,719 |
|---|---|---|
The financial statements were approved by the board of trustees on 31/10/2024
Helen Kemp (Trustee)
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Phoenix Health and Wellbeing
Notes to the accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of accounting
The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis.
There has been no change to the accounting policies since last year.
No changes have been made to the accounts for previous years.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
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Phoenix Health and Wellbeing
Notes to the accounts continued
for the year ended 31 March 2024
| 2 Grants and donations Leeds City Council 3 Designated funds Property fund Fund name Property fund |
2024 2024 2024 Unrestricted Restricted Total funds funds funds £ £ £ - - - - - - Balance b/f Incoming Outgoing Transfers £ £ £ £ - - - 50,000 - - - 50,000 Reason for designation To ringfence funds to enable alternative premises solutions for of services to be delivered. |
2023 Total funds £ 8,821 8,821 Balance c/f £ 50,000 50,000 the delivery |
|---|---|---|
4 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
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