Charity reglstratlon number 1160177
THE PHOENIX YOUTH PROJECT
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Gibbons
Chartered Accountants &Tax Advisers
SER VICE
SOLUTION5
VALUE

THE PHOENIX YOUTH PROJECT
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr S BUtte￿Orth
Mr J Alick
Mrs M Malloy
Mr M Priestley
Mr P Zanacchi
Mrs K Daniels
(Appointed 1 March 2024)
Charity number
1160177
Prlnclpal address
Cleator Moor Youth and Community Centre
Birks Road
Cleator Moor
Cumbria
England
CA25 5HP
Independent examlner
Gibbons
Lakeland Office
2 Europe Way
Cockermouth
Cumbria
CA13 ORJ

THE PHOENIX YOUTH PROJECT
CONTENTS
Page
Trustees, report
Independent examiner's report
Statement of financial activities
Ba18nce sheet
Notes to the financial statements
7-16

THE PHOENIX YOUTH PROJECT
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the Charities Act 2011 Else the Companies Act 2006 and 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)"
The past ￿e1ve months has been another year of great success for The Phoenix Youth Project. Although we are
all experiencing a tough economic and funding climate The Phoenix Youlh Project continues to go from strength
to strength despite this. We are in a very secure position finances wise. We have a fantastic team of Irustees,
staff and volunteers Ihat have the shared drive of supporting the children and young people that we work with.
We continue to run youth centres, in Cleator Moor and Frizington across ten evening sessions. Our Friday
Night Project sessions have continued to be a huge success this year. We have almost completed a 400k plus
refurbishment of Frizington Youth and Community Centre. We are very excited to see the new centre OFen in
JunelJuly 2023. We aim for this building to nol only house our young people but also be a community hub that
brings back services to the village of Frizington.
Young people have taken part in many learning and developmental opportunities- such as various informal
educational workshops on issues such as, drug (focusing on psychoactive substances) and alcohol use, sexual
health, risk taking, anti-social behaviour and LQBTQ. Such workshops are part of our Rewards for Actions
Scheme where young people collect points for participating in community tasks and informal educational
workshops. These points are then 'cashed in, for trips and activities of the young people's choice.
We never charge a monitory value for any trip., but we also never allow any young people to attend the trips
without gaining a set level of points, this differs from trip to trip depending on cosl. We believe that this gives Ihe
young people goals to achieve, and makes all trips more worthwhile and ultimately more enjoyable. This year
young people have been on three residential experiences Ou￿ard bound residentials to Kepplewray and a
cultural visit to Manchester.
Through such activities, we aim to creale opportunity and form an awareness of social issues, by taking young
people out of their normal environment to experience diverse environments, and to encourage them in their
personal and social development. Young people have participated in trips and activities in every school holiday
this year, which has included trips to, Blackpool Pleasure Beach, Rookin House, Go Karting, Sandcasljes Water
Park and I￿ Skating.
I would like to lake this opportunity to thank the management committee, the Phoenix Youth Project team and all
of our volunteers for their hard work and dedication over the past twelve months.
On behalf of The Phoenix Youth Project I would like to thank our funders for their continued generous financial
support. During the past twelve months we have received funding from:
Copeland Community Fund
BBC Children In Need
Sellafield Ltd
Francis C Scott Charitable Trust
Cleator Moor Town Council
Arlecdon & Frizington Parish Council
# CanDo- Cumbria Community Foundation
Cumbria County Council Local Committee
Co-op Community Fund
I would also like to thank DDP partnership for funding Frizington Youth and Community Centre ￿1¢h includes 13
Decommissioning Partners, Cumbria Nuclear Solutions, ATK Energy, Nexus Decommissioning Alliance, The
Decommissioning Alliance and Atkins.

THE PHOENIX YOUTH PROJECT
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The charity is a company limited by guarantee
The trustees who served during the year and up to the date of signature of the financial ststements were:
Mr S Butterworth
Mr J Alick
Mrs M Malloy
Mr M Priestley
Mr P Zanacchi
Mrs K Daniels
(Appointed 1 March 2024)
The trustees, report was approved by the Board of Trustees.
Mr S Butterworth
trustee

THE PHOENIX YOUTH PROJECT
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE PHOENIX YOUTH PROJECT
I report to the trustees on my examination of the financial statements of The Phoenix Youth Project (the charity)
for the year ended 31 March 2024.
Responsibilities and basls of report
As the trustees of the Charity you are responsible for the preparation of the financial statements in accordance
with the requiraments of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity's financial statements carried out under sedion 145 of th8
2011 Act. In carrying out my 8xaminalion I have followed all the applicable DI￿¢t10nS given by the Charity
Commission under section 145{5){bl of the 2011 Act.
Independent examlnarfs statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial stalements in accordance with
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 1021 in preference to the Accounting and
Reporting by Charities- Statement of Recommended Practice issued on 1 April 2005 which is referred to in the
extant regulations but has now been withdrawn.
l understand that this has been done in order for financial statements to provide a true and fair view in
accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1
January 2015.
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 that in any material respect:
accounting records were nol kept in respect of the charity as required by section 130 of the 2011 Act; or
the financial statements do not accord with those records., or
the financial statements do not comply with the applicable requirements concerning the form and content
of accounts set out in the Charities (AccoLtnts and Reports) Regulations 2008 other than any requirement
that the accounts give a true and fair view which is not a matter considered as part of an independent
6xamination.
I have no concerns and have com8 across no other matters in connection with the 8xamination to which
attention should be drawn in this report in order to enable a proper understanding of the financial statements to
b8 reached.
Mr T Hindmoor BFP FCA
Gibbons Chartered Accountants
Lakeland Office
2 Europe Way
Cockermouth
Cumbria
CA13 ORJ
Dated.. 21 June 2024

THE PHOENIX YOUTH PROJECT
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITUREACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Current flnancial year
Unrestrlcted Deslgnated
funds
funds
2024
2024
Restricted
funds
2024
Total
Total
2024
2023
Notes
Income and endowments from:
Donations and legacies
Other trading activities
Other income
175,482
11,400
1,745
192,568
368,050
11,400
1,745
458,895
9,393
1,989
Total Income
188,627
192,568
381,195
470,277
Expendlture on:
Raising funds
Charitable activities
Other expenditure
17,087
149,040
8,000
198,101
25,087
393,077
20,685
435,743
1,709
45,936
11
Total expendlture
166,127
45,936
206,101
418,184
458,137
Net Incomellexpendlture)
22,500
(45,938)
(13,533)
{36,969)
12,140
Transfers be￿een funds
(5,984)
(2,346)
8,330
Net movement In funds
16,516
(48,282)
(5,203)
136,969)
12,140
Reconclllatlon of funds:
Fund balances at 1 April 2023
106,154
58,282
28,211
190,647
178,507
Fund balances at 31 March 2024
122,670
10,000
21,008
153,678
190,647
The stalement of financial activities includes all gains and losses recognised In the year. All income and expenditure
derive from continuing activities.

THE PHOENIX YOUTH PROJECT
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED)
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Prlor flnanclal year
Unrestrlcted Designated
funds
funds
2023
2023
Restrlcted
funds
2023
Total
2023
Notes
Income and endowments from:
Donations and legacies
Other trading activities
Other income
123,807
9,393
1,989
335,288
458,895
9,393
1,989
Total Income
134,989
335,288
470,277
Expendlture on:
Raising funds
Charitable aclivities
Other expenditure
12,685
114,746
1,709
8,000
318,612
20,685
435,743
1,709
2,385
11
Total expendlture
129,140
2,385
326,612
458,137
Net Incomel(expendlture} and movement In funds
5,849
{2,385)
8,676
12,140
Reconclllatlon of funds:
Fund balances al 1 April 2022
100,305
60,667
17,535
178,507
Fund balances at 31 March 2023
106,154
58,282
26,211
190,647

THE PHOENIX YOUTH PROJECT
BALANCE SHEET
AS AT31 MARCH 2024
2024
2023
Notes
Flxed assets
Tangible assets
13
25,290
7,380
Current assets
Stocks
Debtors
Cash at bank and in hand
14
15
40
20,178
143,299
40
701
254,196
163,517
254,937
Creditors: amounts falllng due wlthln
one year
16
(35,129)
(71,670)
Net current assets
128,388
183,267
Total assets less current Ilabllltles
153,678
190,647
The funds of the charfty
Restricted income funds
Unrestricted funds
Designated funds
18
21,008
122,670
10,000
26,211
106,154
58,282
19
153,678
190,647
The financial statements were
proved by the trustees on
/i/:/=
024
Mr P Zanacchi
trustee

THE PHOENIX YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
Charity infomiation
The Phoenix Youth Project is a charitsble incorporated organisation.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the
Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" ('FRS 102°) and the Charities SORP Accounting and Reporting by Charities.. Statement ol
Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019>. The
charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statanent of
Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports} Regulations 2008 only to
the extent required to provide a true and fair view. This departure has involved following the Statement of
Recommended Practice for charities applying FRS 102 rather than the version of the Statement of
Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, Imodified to include the
revaluation of freehold properties and lo include investment properties and certain financial instruments at fair
value]. The principal accounting policies adopted are set out below.
1.2 Golng concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the tr￿tee$
continue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charltable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the
charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable thal income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donalion, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations re￿iVed under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending dtstribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.

THE PHOENIX YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
(Continued}
1.5 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, 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 classified by activity. The costs of each activity are made up of the total of dir&t costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned be￿een those aclivities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
1.6 Tanglble flxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any Impairment losses.
Depreciation is recognised so as to write off the cost or valuatlon of assets less their residual values over their
useful lives on the following bases-
Fixtures and fittings
200/0 Reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and Ihe carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impalrment of flxed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assels to determine
whelher there is any indication that those assels have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (if any).
1.8 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be
incurred in marketing, selling and distribution.
1.9 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.

THE PHOENIX YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
(Continued)
1.10 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the
contractual provisions of Ihe instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Basic financlal assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitules a financing transaction, where the transaction is
measured al Ihe present value of the future receipts discounted at a market fate of interest. Financi81 assets
classified as receivable within one year are not amortised.
Baslc financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transactlon prlce unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade credilors are recogni5ed initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognltlon of financlal Ilabllltles
Financial liabilities are derecognised when the charity's contractual obligalions expire or are discharged or
cancelled.
1.11 Employee beneflts
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed
to terminate the employment of an employee or lo provide temiination benefits.
1.12 Retirement beneflts
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

THE PHOENIX YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critical accounting estlmates and Judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are nol readily apparent from other
sources. The estimates and associated assumptions are based on historical experien￿ and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donatlons and legacles
Unrestrlcted Restrlcted
funds
funds
2024
2024
Total Unrestrlcted Restrlcted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Grants receivable
1,375
174,107
1,375
366,675
4,146
119,461
4,146
454,749
192,568
335,288
175,482
192,568
368,050
123,607
335,288
458,895
Income from other tradlng actlvltles
Unrestrlcted Unrestrlcted
funds
funds
2024
2023
Subscriptions
EventslFundraising income
Tuck shop sales
Centre hire income
1,566
573
1,941
7,320
1,351
40
1,862
6,140
Other trading activities
11,400
9,393
Other Income
Unrestricted Unrestrlcted
funds
funds
2024
2023
COVID 19 Grants
1,745
1,989
10-

THE PHOENIX YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Raising funds
Unrestrlcted Restricted
funds
funds
general
2024
Total Unrestrlcted Restricted
funds
funds
general
2023
Total
2024
2024
2023
2023
Cost of activities
Tuck shop purchases
14,088
2,999
8,000
22,088
2,999
10,038
2,647
8,000
18,038
2,647
Trading costs
17,087
8,000
25,087
12,685
8,000
20,685
17,087
8,000
25,087
12,685
8,000
20,685
Expendlture on charltable actlvltles
Unrestrlcted Restrlcted
funds
funds
2024
2024
Total Unrestrlcted Restrlcted
funds
funds
2023
2023
Total
2024
2023
Dlrect costs
Staff costs
Depreciation and
impairment
Rent
Insurance
Repairs & Maintenance
Telephone & Fax
Printing, Postage &
Stationary
Staff Training
Sundry expenses
Motor expenses
Accountancy fees
Bank charges
Rates
Heat & Light
117,702
55,406
173,108
94,587
63,502
158,089
5,331
3,900
2,120
53,878
756
1,490
6,821
3,900
2,120
190,124
756
548
4,830
1,205
3,375
783
785
1,313
4,830
1,205
254,664
783
136,246
251,289
2,918
600
{1,647)
958
2,257
137
735
3,653
600
1,974
1,561
2,257
137
2,652
701
1,083
601
2,111
139
664
3,852
2,652
701
3,683
1,057
2,111
139
664
3,852
3,621
603
2,600
456
6,066
6,068
194,976
198,101
393,077
117,131
318,612
435,743
Analysls by fund
Unrestricted funds
Designated funds
Restricted funds
149,040
45,936
149,040
45,938
198,101
114,746
2,385
114,746
2,385
318,612
198,101
318,612
194,976
198,101
393,077
117,131
318,612
435,743
11

THE PHOENIX YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Net movement In funds
2024
2023
Net movement in funds is stated after chargingl(crediting)
Depreciation of owned tangible fixed assets
Loss on disposal of tangible fixed assets
6,821
1,313
1,709
6,821
3,022
Trustees
None of the trustees lor any persons connected with them) received any remuneration or benefits from the
charity during the year.
10 Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
163,775
2,867
6,466
148,267
5,376
4,446
173,108
158,089
There were no employees whose annual remuneration was more than £60,000.
11 Other
Total Unrestrlcted
funds
general
2023
2024
Net loss on disposal of tangible fixed assets
1,709
1,709
12-

THE PHOENIX YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
12 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
13 Tangible fixed assets
Flxtures and
fitting$
Cost
At 1 April 2023
Additions
19,330
24,731
At 31 March 2024
44,061
Depreclatlon and Impalrment
At 1 April 2023
Depreciation charged in the year
11,950
6,821
At 31 March 2024
18,771
Carrylng amount
At 31 March 2024
25,290
At 31 March 2023
7,380
14 Stocks
2024
2023
Stocks
40
40
16 Debtors
2024
2023
Amounts falllng due wlthln one year:
Trade debtors
Prepayments
18,987
1,191
701
20,178
701
13-

THE PHOENIX YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Credltors: amounts falling due wlthln one year
2024
2023
Notes
Trade creditors
Other creditors
Accruals
33,521
69,742
428
1,500
1,608
35,129
71,670
17 Retlrement benefit schemes
2024
2023
Deflned contrlbutlon schemes
Charge to profit or loss in respect of defined contribution schemes
6,466
4,448
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the
scheme are held separately from those of the charity in an independently administered fund.
18 Restrlcted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 Aprll
2023
Incomlng Resourcès
resources
expended
Transfers At 31 March
2024
BBC Children In Need
Covid 19
Development Officer Fund
Laptops
Frizington Refurb fund
30,000
(30,000}
{700)
(38,365)
1790)
(136,246)
1,400
13,617
3,935
7,259
700
17,163
3,145
41,911
120,657
8,330
26,211
192,568
(206,101)
8,330
21,008
Prevlous year:
At 1 April
2022
Incomlng
resources
Resources
expended
Transfers At 31 March
2023
BBC Children In Need
Covid 19
Development Officer Fund
Laptops
Frizington Refurb fund
30,500
(30,500)
{700)
(44,058)
(65)
{251,289}
2,100
15,435
1,400
13,617
3,935
7,259
42,240
4,000
258,548
17,535
335,288
1326,612)
26,211
14-

THE PHOENIX YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Designated funds -
These are unrestricted funds which are designated to the charity's activities.
At 1 Aprll
2023
Resources
expended
Transfers At 31 March
2024
Frizington Building Refurb
58,282
(45,936)
(2,346)
10,000
Prevlous year:
At 1 Aprll
2022
Resources
expended
Transfers At 31 March
2023
Frizington Building Refurb
60,667
{2,385)
58,282
20 Unrestrlcted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific PLfjrposes.
At 1 Aprll
2023
Incomlng
resources
Resources
expended
Transfers At 31 March
2024
General funds
106,154
188,827
(186,127)
(5,9841
122,670
Prevlous year:
At 1 Aprll
2022
Incomlng
resources
Resources
expended
Transfers At 31 March
2023
General funds
100,305
134,989
(129,140)
106,154
21 Analysls of net assets between funds
Unrestricted Deslgnated
funds
funds
2024
2024
Restrlcted
funds
2024
Total
2024
At 31 March 2024:
Tangible assets
Current assetsl(liabilities)
21,485
101,185
3,805
17,203
25,290
128,388
10,000
122,670
10,000
21,008
153,678
15-

THE PHOENIX YOUTH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21 Analysis of net assets between funds
(Continued)
Unrestrlcted Deslgnated
funds
funds
2023
2023
Restrlcted
funds
2023
Totsl
2023
At 31 March 2023:
Tangible assets
Current assetsl(liabilities)
2,085
104,069
5,295
20,916
7,380
183,267
58,282
106,154
58,282
26,211
190,647
22 Related party transactlons
There were no disclosable related party transactions during the year (2023 - none).
16-