Charlty number: 1160177 THE PHOENIX YOUTH PROJECT UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
THE PHOENIX YOUTH PROJECT CONTENTS Page Referenca and admlnlstrative details of the Charity. Its Tnstees and adv¢sers Trustees. report Independent examinerfs rnport Statement of financial activities Balance shegt Note5 to the financial statsments 8-19
THE PHOENIX YOUTH PROJECT REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2026 Trustees Mr S BUtter%rth. Chair Mr J Alick, Trustee Mrs M Malloy. Trustee (resigned 17 December 2025) Mr M Prie5Iey, Trustee Mr P Zanacchi, Trustee Mrs K Daniels. Trustee Charity registered number 1160177 Accountants Am$trong Watson LLP Chartered Accountants Carfeton House 136 Gray Street Workington Cumbria CA14 2LU Page 1
THE PHOENIX YOUTH PROJECT TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2026 The Trustees present their annual pOrt together wilh the finanaal ststements of the The Phoenix Youth Project for the 1 April 2025 to 31 March 2026. Objectives and activities a. Objectives and purpose of the Charity The Phoenix YoLrth Project is an award winning youth work charity that supports young people aged 8-19 years old in Cleator Moor & FTizington, Cumbria. We prowde modem. forward thinking. and exciting youth Work that seeks to engage with young people soaalty. recreatsonally and emotionally. We also deliver ten evening youth club sessions across our delivery area running friendty and wbrant youth dubs. Our main objectives of the charity are lo: Encourage a healthy lifestyles Raise aspirations and self-confidence Redu¢e discrimination and antSoCial behawour - Develop posib.ve behaviour through resped an¢J integrty We focus on the personal and soryal development of the young people we work with, suppoth'ng and ¢hallenging them appropriately as required. Through our rewards for ath'on scheme we deliver trips, activities and residential experiences of the young people's choice in every school holiday period. Wherever possible we engage wth and support the Commun"eS in ¥thich we operate. Achievements and perfomian¢e a. Main achièvèments of the Charity The past twelve months has been another year of great success for The Phoenix Youth Project. Although we a all experiencing a tough economic and fijnding climate The Phoenix Youth Project continues to go from strength to strength despite this. We are in a Secu position finance wse. We have a fantssb"c team of tnjstees, staff and volunteers that have the shared drive of delivery fantastic youth work serwces to local children and young people. We continue to deliver youth work seryices across i¥ youth cerrtres, in Cleator Moor an¢J Frizington over len evening 5e55ions. Reaching over 430 different children and young people. Our Friday evening sessions have continued to be a huge success this year. where the food we cook is afvBy5 a hil. Cleator Moor Youth Centre has never been busier over 320 drfferent young people attending this centre this year. b. Main activities Young people have taken part in many learning and developmentsl opportUne$." such as various informal educaty'onal workshops on iSSLtes such as, vaping. consent and sexual heakh. negative5 of mobile phones, suicide awareness and drugs and alcohol. Such workshops are part of our Rewards for Actions Scheme where young people collect points for participats.ng in communrty tasks and informal educational workshops. These points a Ihen'cashed in. for trips and activtb.es ofthe young people's choice. We never charge a monetary value for any trip" but we also never allow any young people to attend the trips ithout gaining a set level of points, this differs from trip to trip depending on cost. We believe that thi5 gives the young people goals to achieve and makes all trips more worthwhile and ultirnately more enjoyaNe. Young people have participated in trips and acb"vrties in every school holiday this year, %*)ich has induded tr"p5 to. Blackpool pleasu Beach, Rookin House. Go Karttng, Sandcasues Water Park and Moto CTOSS. Through such actiwts'es, we aim to Greate opportunity and fomi an awareness of social issues. by taking young people out of their nDmial environment to experience diverse environments. and to erJrage them in their personal and soctal development. I would like to take this opportunty to thank the management committee. the Phoenix Youth Project team and all our volunteers for their hard work and dedication over the past ts¥elve months. Page 2
THE PHOENIX YOUTH PROJECT TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2026 Financial re¥lew a. Going concern After making approw3te enquiries, the Trustees have a reast)nable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable fvlure. For this reason, they continue to adopt the going ¢on¢em basis in preparing the finanaal statements. Further detsils regarding the adoption of the going concern basis can be found in the accounting policies. b. Funders On behalf of The Phoenix Youth Project I v•Juld like to thank our fvnders for their continued generou5 financial support. During the past fv1ve months we have received funding from.. Copeland Community Fund, Sellafield Ltd, Francis C Scott Charitable Tnjst. Clealor Moor Town Counal, Artecdon & Frizington Parish Council, Cumbria Community Foundation, JD Foundation Colleague Charity. Cavendish Nudeaf. Cufflbedand Counal. Nisa local, Speedy Hire, Sellafield Snovknall Fund and Dobies. Structure. goveman¢• and management a. Constitution The Phoenix Youth Project is a registered charity. number 1160177, and is nStItuted under a Trust deed. b. Methods of appointment or election of Tntst••s The management of the Chanty is the responsitiilty of the Twstees are elected and cctropled under the temis of the Trust deed. Statement of Tru5tses' re5ponsiblltlies The Trustees are responsible for preparing the Tw5tees' p(MI and the finanaal statement5 in accordan¢e wth applicable law and United ngdoM Accounb"ng Standards (United Kingdom Generally kcepled Accounting Practice). The law applicable to chaiitres in England & Wales requires the Trvstees to prepare financial ststements for each financial which give a twe and fair wew of the state of affairs of the Charity and of its incoTning re59ur¢es and applicats'on of resources. induding ts income and expenditure. for that period. In preparing these financial ststements, the Trustees are required lo". select surtable accounting poliaes arKt then appfy them consistenuy. observe the methods and principle5 of the Chariti'es SORP IFRS 1021", make judgTnents and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Stsndards IFRS 1021 have been followed, subje¢t to any material departures di5c105ed and explained in the financial statements.. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that a sufficient to show and explain the Charty's transactions and disclose reasonable accuracy at any b'me the financial position of the Charty and enable them to ensure that the financial 51alements comply with the Charithes Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charty and hence for taking reasonable steps for the pVentiOn and detection of fraud and other irteguL4ribes. Approved by order of the members of the trd of Trustees and signed on their behalf by.. Page 3
THE PHOENIX YOUTH PROJECT TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Stsven ButteTWOrth Trustee & Chair Date.. lo-l-l Page 4
THE PHOENIX YOUTH PROJECT INDEPENDENT EXAMINER'S REPORT FOR THE YEAR EMDEO 31 MARCH 2026 Independent •xamin8rfs report to the Trustees of The Phoenix Youth Project Ilhe Charity.) l report to the tharity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2026. Responslbilities and basis of report As the Trustees of the CharFty you are responsible for the preparation of the account5 in accordance with the requirements of the Charrties Act 2011 Ilhe 2011 Act'l. I report in respect of my examination of the Chaws accounts Carried out under section 145 of the 2011 Ad and in carryng out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llb) of the 2011 Act. Independent examinerfs statement Your attention is dra to the fact that the Chawty has prepared the accounts in accordan wth Accounting and Reporb'ng by Charities.. Statement of Recofflmended Practice applicable to charities preparing their accounts in accordance with the Finanrial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporb"ng by Charibes.. Ststement of Recommended Pra¢ti¢e issued on 1 April 2005 which is referred to in the exlant regLFlations but has been w7thdr3wn. l understand that this has been done in order for the aG¢ounts to provide a true and fair view in accordance wth the Generally Accepted Accounb"ng Practsce effecb.ve for pOrting periods beginning on or after 1 January 2015. I have Gompleted my examinatson. I confinn that no matters have come to my attention in conneth.on wlh the examinabon gmng me cause to believe that in any material respect". accountsng record5 were not kept in respect of the Charity as Tequired by section 130 of the 2011 Act., or the accounts do not accord with those records" or the accounts do not comply with the applEcable requirements conceming the form and ctsntent of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any reqLJirement that the accounts give a 'true and fail view lch is not a matter considered as part of an independent examinatson. I have no concems and have come across no other matters in connection the examination to which attention should be drawn in this report in or¢Jer to enable a proper understanding of the accounts lo be reached. Signed.. Steven Kirkbride BFP FCA Cadeton House, Workn"ngton, CA14 2LU Page 5
THE PHOENIX YOUTH PROJECT STATEMENT OF FlhlANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2026 Unrestricted funds 2026 Restricted funds 2026 Total funds 2026 Total runds 2025 Note Income from: Donations and legacies Other trading actr'vities 132,392 10,969 96.318 228,710 10.969 226, 714 8,964 Total income 143.361 96.318 239,679 235,678 Expenditure on: Charitable activities 147.338 88.810 236.148 236,784 Total ¢xp¢ndlture 147,338 88,810 236.148 236, 784 Nat {expenditure)fincome Transfers between funds 13.9771 3.424 7.S08 {3.424} 3.531 (1. 106) 12 Not movement in funds {SS3) 4,084 3,531 (1. 106) Reconciliation of lunds: Totsl lunds brought forward Net movement in lunds 131.419 1553) 21,153 4.084 152.572 3.531 153,678 (1,106) Total funds carried fon¥ard 130,866 25.237 156.103 152,572 The Statement of financial a¢tivibes indudes all gains and losses recognised in the year. The notes on pages 8 to 19 form part of these financial statements. Page 6
THE PHOENIX YOiH PROJECT BALANCE SHEET AS AT 31 PAARCH 2026 2026 2025 Nots Fixèd assets Tangible assets 20.605 19,503 20.605 19,503 Current as$¥ts Stocks Debtors 10 13.052 166.939 14,118 182,204 Cash at bank and in hand 180.031 196.362 Current liabilities Creditors.. amounts tslling due ¥thin one year 11 (44.533) (63,293) Net current assets 135.498 133,069 Totsl assets less current liabilities 156,103 152,572 Net assets excluding penslon ass•t 156,103 152.572 Total net assèts 156,103 152,572 Charity fvnds Restricted funds Unrestricted lunds 12 25.237 130,866 27, 153 131,419 12 Total funds 156,103 152,572 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. •• /-/,, Mr P Zan¥¢¢hl Trustee The notes on pages 8 to 19 form part of these finanaal statements. Page 7
THE PHOENIX YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 General Irrfomiation The Poenix Youth Project is a charitable incorporated organisalion. A¢¢ounting policies 2.1 Ba$ls of preparation of financial ststements The ffinan(#al statements have been pPared in accordance *ith the Charibe5 SORP IFRS 102} - Accounting and Reporting by Charities." Ststernent of Recommended Practice applicable lo charities preparing their accounts in accordance wth the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191, the Financial Reporb"n9 Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Chanties Act 2011. The financial statements have been prepared to give 3 true and tsirf view and have departed from the Charities (Accounts and Reports} Regulations 2008 only lo the extent required to provide a 'true and fair, view. This departure has involved following the Charities SORP IFRS 1021 published in October 2019 rather than the Accounb"ng and Reporting by Charities- Statement of Recommended Practice effe¢b"ve from 1 April 2005 which has since been vthdrawn. The Phoenix Youth Project meets the definilion of a public benefft entity under FRS 102. Assets and liabilities are initially rec(>Jnised at historical cost or transaction value unless othewse stated in the levant accounting pdi¢y. 2.2 Income All income is recognised once the Charity has enb"Uement to the income. it is probable that the income wll be received and the amount of income receivable can be measured lIablY. Grants are included in the Statement of finanual activtties on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. WheTe income is received in advan¢e of enlillement of receipt, its recognrtion is deferred and included in drt0rs as deferred income. Where entsilement occurs before income is received. the income is accrued_ 2.3 Expenditurn Expendrture is recognised once there is a legd or constructive oblgatIOn to transfer economic benefft to a third party, it is probabbe that a transfer of economic benefits 11 be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by actiwty. The costs of each actiwty are made up of the total of direct costs and shared costs. including support C051s invofved in undertaking each actiwty. Direct costs attributable to a single ath'vlty are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attnbutable to a single actsvrty are apportioned behveen thts5e activib.es on a basis consistent wth the use of resources. Central staff costs are allocated on the basis of ts.me spent, and depreciabon charyes allocated on the portion of the asset's use. Expenditure on charttable actr"viiies is incurred on direcuy undertaking the activities which lurther the Charity's objeclives, a5 well as any associated support cost5. All expenditure is indLtsive of 1rrecovera1e VAT. Page 8
THE PHOENIX YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accounting policies {continuedl 2.4 Tangiblè fixed assets and depreciati¢ Tangible fixed assets costing £500 or more are capTtalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed a35ets are inibalty recognised at cost After cOgnition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impaimient losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the MeasuMent of cost. Depretyation is charged so as to allocate the cost of tangibje fixed a55ets less their residual value over their estimated useful lives. . Depreciation is provided on the following basis.. Fixtures and fith.ngs 20% Straight line & reducing balance 2.5 Stocks stock5 are valued al the lower of cost and net realisable value after maknng due allowance for obsolete and slow-moving stock5. Cost includes all direct costs and an appropriate proportion of fixed and variae overheads. 2.6 Dèbtors Trade and other debtors are recognised at the settlement amount after any trade discount Offed. Prepayments a valued at the amount prepaid net of any trade discounts due. 2.7 Cash at bank and in hand Cash at bank and in hand tncludes cash and short-term highly liquid investments wlh a short maturity of three months or less from the date of acqUiS"0n or opening of the deposit or similar 3ccount. 2.8 Liabilities and provlsions Liabilrties are recognised vthen Ihere is an obligation at the Balance sheet dale as a result of a pa51 even( rt is probable that a transfer of economic benefft Vlill be required in settlement. and the amount of the setdement can be ests"mated reliabty. Liabilities are recogni5ed at the amount that the Charty antiapates it will pay to settle the debt or the amount rt has received as advanced payments for the goods or ser¥ices it musl provide. Prow5ions a measured at the best e5b"m3le of the amounts required to settle the obligation. Where the effect of the time value of money 15 Enaterial. the provision is based on the present value of those amounts. discounted at the pre-tsx discount rate that reflects the risks specific to the liability. The unwinding of the discount is rec(wJnised in the Slatement of financial activities as a finance cost. 2.9 Financial instruments The Charity only has financial assets and finanual liabilrties of a kind that qualfy as basic financi31 instruments. Basic finanual instruments are initialty recogni5ed at transaction value and subsequently measured at their settlement value yh the exception of bank loans vhich are subsequenuy measured at amortised cost us¢ng the effectwe interest method. Page 9
THE PHOENIX YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accounting policles l¢ontinuedl 2.10 Fund accounting General funds are unrestricted funds vknith are available for use al the discretion of the Trustees in furtherance of the general objectives of the Charity and vh)ich have not been designated for other purposes. Designated funds comprise unrestricted fvnds that have been sel aside by the Trustees for particular purposes. The aim and use of ea¢h designated fund is set out in the notes to the finanual slalements. Restricted fvnds are fvnds which are to be used in accordance with speufi¢ restriction5 imposed by donors or which have been raised by the Charrty for parb"cular purposes. The costs of raising and administering such funds are tharged against the spe¢ffi¢ fund. The aim and use of each reslricled fund is Set out in the notes to the financial statements. Income from donatlons and legacies Llnrestricted Rèstrletsd funds funds 2026 2026 Total fund5 2026 Donations Grants 1,912 130,480 1.912 226.798 96,318 132.392 96,318 228,710 Unresfricted funds 2025 Restncted furpd5 2025 Total funds 2025 Donations 2,370 127.630 2.370 224,344 Grants 96, T14 130,000 96,714 226, 774 Page 10
THE PHOENIX YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Income from other tradlng activities Income from lundraising events Unrestricted funds 2026 Total fund$ 2026 Tuck shop income Centre hire income 2,819 8,150 2,819 8,150 10,969 10,969 Unrestricted runds 2025 Totsl funds 2025 Evenlsffundraising in¢ome Ttjck shop income Centre hire income 470 470 2,543 5,951 2,543 5,951 8.964 8,964 Analysi5 of exp¢nditure on charilable activtlies Summary by fund type Unrestricted Restricted funds funds 2026 2026 Total 2026 Direct costs 147,338 88,810 236,148 Unrestiicted runds 2025 RestlF¢led funds 2025 Total 2025 Direct costs 160,805 75,979 236, 784 Page11
THE PHOENIX YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Analysis of expenditure by activltles Activrtses undertaken directly 2026 Total funds 2026 Direct costs 236,148 236.148 Actwilies undertaken directly 2025 Total funds 2025 Direct costs 236, 784 236, 784 Anatysis of direct Costs Total funds 2026 Direct costs 2026 Depreciab"on Cost of acbvrtes Tuck shop purchases Rent Insurance Repair5 and maintenance Telephone Sundry expenses Motor expenses Accountsncy fees Bank charges Heat. light & power Management costs Social security costs Wages and salaries Stsff pension costs 4,645 13,772 3,037 4.000 2,515 5,835 4,260 4.405 741 4.645 13,772 3,037 4,000 2,515 S,83S 4,260 4,405 741 2.710 113 5,783 1,568 9,503 166.321 6.940 2.710 113 5.783 1.568 9,503 166,321 6,940 236,148 236,148 Page 12
THE PHOENIX YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Analysis of expendiiur¢ by activities Icontinuedl Analysis of dlre¢t ¢osts (continued) Total funds 2025 DIGt costs 2025 Depreciation Cost of activttes 5. 78T 17,911 2, TO8 4,000 2,462 6,611 5, 787 17,911 2,708 Tuck shop purchases Rent Insurance 2,462 6,611 Repairs and maintenance k il Telephone Staff Training Sundry expenses Motor expenses Accountancy fees Bank charges Heat. light & power Social security costs Wages and salaries staff penOn costs 5,213 869 6,820 2, 184 2,580 95 6.613 7,369 q58,207 7,355 5,213 869 6,820 2, 184 2,580 95 6,613 7,369 158,207 7,355 236.784 236, 784 Trustees. remuneration and expenses During the year. no Trustees ee1Ved any remuneralion OT Other benefits (2025- £NIL). During the year ended 31 March 2026. no Trustee expenses have been incjjrred (2025- £NILJ. Page13
THE PHOENIX YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Tangible fixed assets Fixtures and fittings Cost or valuation At 1 April 2025 Addits'ons 44.061 5.747 At 31 March 2026 49.808 D•prÈ¢latlon At 1 April 2025 Charge for the year 24,558 4,645 At 31 March 2026 29.203 Net book value At 31 March 2026 20.605 At 31 Mah 2025 19,5Q3 Stocks 2026 2025 Finished goods and goods for resale 40 10. Dgbtors 2026 2025 Due within one year Trade debtors Prepayments and accrued income 11,728 1.324 72,927 1, 191 13.052 14,118 Page 14
THE PHOENIX YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Crèditors: Amounts falling due withln onè yoar 2026 2025 Prepaid income A¢cnJal$ and defeThed income 42,693 1,840 61,557 7,736 44,533 63,293 Page 15
THE PHOENIX YOUTH PROJECT NOTES TO THE FINANCIAL STATEIAENTS FOR THE YEAR ENDED 31 MARCH 2026 12. Statèment of funds Statem8nt of funds- current year Balance at 31 March 2026 Balance at 1 April 2025 Transfers inlout Income Expenditure Unrestrictsd funds D8signat¢d fvnds Frizington Building Fund 10,000 10,000 Balance at 31 March 2026 Balance at 1 April 2025 Trdnsfèrs inlout In¢¢xne Expenditure General fund$ General Funds 121.419 143.361 (147.3381 3.424 120.866 Total Unrestricted funds 131A19 143.361 1147,338) 3,424 130.866 Restricted funds Development Officer Fund Laptops Sellafield Snowball Fund Cumbedand CoLtncil Equipment Fund Copeland Community Fund 18,798 2,355 {45.2261 17901 12821 {3.4241 18,394 1,565 1,413 1.695 4.000 42,377 {135) 142,377) 3.865 21,153 96.318 188.8101 13,4241 25.237 Total of funds 152.572 239,679 {236.1481 156.103 Page 16
THE PHOENIX YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 12. Statement of funds (continued) Statemènt of funds - prior year Balance at 31 March 2025 Balance at l Apnl 2024 Transfe n/out Income Expenditure Unrestricted fund$ Designated funds Fri2ington Building Fund 10.000 10,000 Balance at 31 March 2025 Balance at l Apnl 2024 Transfe Income Expendftu ut General funds General Funds 122.670 138,964 (t60,805J 20,590 121.419 Total Unrestricted funds 132.670 738,964 (160,805) 20,590 131,419 Balan at 31 March 2025 BalanGe at 1 Apni 2024 Trnnsfers in/oul Income Expendrtu Restricted fijnds BBC Children in Need Coivd 19 Development Officer Fund Laptops Sellafield Snovl)all Fuftd Romar Liznited 30,L (30.000) (7¢WJ (42.754J (790) (1.735J 7C 17.163 3. 145 59,979 (15,590) 18,798 2.355 1.735 (5,000) 21,008 96.714 175.979) (20,590) 21,153 Total of fund$ 153.678 235.678 (236. 784) 152,572 Page 17
THE PHOENIX YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EI4DED 31 MARCH 2026 13. Summary of funds Summary of funds - Current year Balan¢e at 31 March 2026 Balance at I April 2025 Transfèrs inlout Income Expenditure Designated funds General funds Restricted lund5 10.000 121.419 21.153 10,000 120,866 25.237 143,361 96.318 (147,3381 188,810) 3,424 13,4241 152.572 239,679 1236.1481 1S6,103 Summary of funds- prior yèar Balance at 31 March 2025 Balance at 1 Apnl 2024 TnSfer5 in/out Income Expenditure Designated funds General fvnds Restricted funds 10,(0 122,670 21.008 fo,000 121,419 21, 153 138,964 96, 714 (160.605) (75.979) 20,590 (20,5901 153,678 235.678 (236,784) 152.572 14. Anaty$ls of net assets bet4¥een fvnd$ Analysis of nèt assets bet*wn fvnds- curr¢nt year Unrestricted Restrictsd funds funds 2026 2026 Total fund5 2026 Tangible fixed assets Current assets CdItOrS due wthin one year 15.445 131.261 115,8401 5.160 48,770 128,6931 20.60S 180.031 {44.5331 Total 130.866 25,237 156,103 Page 18
THE PHOEMIX YOUTH PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2026 14. Analysis of net a$s•ts bet funds {continued) Analysis of nèt assets etn fvnds - prior year unStne1ed funds 2025 Restncted fvnds 2025 Total fvnds 2025 Tangle fixed assets CuThent assets 17.188 177,524 {63,293J 2,315 18,838 19,503 196.362 (63,293) Creditor5 due vAthin one year Total 131.419 21, 753 152,572 Page 19