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 ant￿SoCial 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 opportUn￿e$." 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 er￿J￿rage 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 fv￿1ve 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 p￿VentiOn and detection of
fraud and other irteguL4ribes.
Approved by order of the members of the t￿rd 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 YOi￿H 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 p￿Pared 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 obl￿gatIOn 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 1rrecovera1￿e 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 Measu￿Ment 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 varia￿e overheads.
2.6 Dèbtors
Trade and other debtors are recognised at the settlement amount after any trade discount Offe￿d.
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 y￿h 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
DI￿Gt 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 pen￿On 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 Ma￿h 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
T￿nSfer5
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
C￿dItOrS 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 ￿et￿n fvnds - prior year
un￿Stne1ed
funds
2025
Restncted
fvnds
2025
Total
fvnds
2025
Tangl￿e 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