Charity reglstratlon number 1172227 Company registration numbèr09615459 (England and Wales THE PHOENIX AUTISM TRUST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
THE PHOENIX AUTISM TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Stewart Hatris- Chair Jonathan Caunl Tina Sode Andrew Scott Lusk Mike Wojcik Gosia DavOn Michael Samuels Jujhar Singh Dusanj (Appoinled as on 22 May 2024) (Appoinled as on 22 May 2024) (Appointed as on 22 May 2024) Senlor Management Team Renato Marques Teixeira- Princ4pal Ricky Nunn - Assistant Princjpal Natasha Wood - Assistant Principal Ambroen Shafiq - Office Manager (from November 2023) Amooli Binaisa- Senior Administrator (April 2023- November 2023) Charity number 1172227 Company number 09615159 Registered offlce Phoenix School 2 Paton Close London E32QD Audltors SKS Audit LLP 3 Sheen Road Rithmond Upon Thames IAD Bankors Royal Bank of Scotland Threadneedle Street Branch London EC2R 8LA Webslte VN4W.phoenixcollege.london
THE PHOENIX AUTISM TRUST CONTENTS Page Trustees. report Independenl auditorfs report Slalemenl of financial activities 10 Balance sheet 11 Slalement of cash flows 12 Notes to the financial slalements 13-22
THE PHOENIX AUTISM TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees, who are also direclors of the chatily for Ihe purposes of Ihe Companies Act 2006, presenl Ihèir report and accounts for the year ended 31 August 2024. The accounts have been prepared in accordance with Ihe accounting policies sel out in note 1 to the accounls and comply wilh the charitable company's Memorandum and Artides of Association, provisions of Charities Act 2011, the Companies Acl 2006 and "Accounting and Reporting by Charities.. Statemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporling Standard applicable in Ihe UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" Objectives and a¢tivities Our community values opportunily and diversity, and we seek to reduce barriers and lo give everyone an equal chance lo learn, work, and live free from the aclion. or fear, of racism, discrimination. or prejudice. We operate mainly in East London, where we lun Phoenix College. a posl-19 educational provider serving th8 needs of young people from Tower Hamlets and surrounding boroughs with mainly wilh Autism and l or language, communication or interaction difficulties. The charily's objecls are.. To advanc8 lh8 education of people with Aulism and/or language. communication or interaGlion difficulties, including bul not exclusiv81y Ihose cuentlY or previousty attending or supported by Phoenix School, Tower Hamlets. in particularby.. Dov81oping effeclive relationships belween the slaff, par8nls and olhers associaled wilh lh8 coll&ga and relaf8d inslilulians,. Engaging in aclivili8s or providing lèaching facilities an(Vor equipment which supports Ihe education of people with Aulism and/orlaipgu8g8, communicalion or iiitéraclion difficulties.. and D8v8loping broader life opportunities for peop18 wilh Autism and/or 18nguaga, communication or inleraction dillicul¢ies by providing training, giiid8nc8 and support and improving Ih8ir li18 and woth skills so they may WO towanls a more independenl life. This includes supporting post-16 education and other areas of activity. Our volunteers There were no volunteer5 during the year.
THE PHOENIX AUTISM TRUST TRUSTEES. REPORT (CONTINUEDI(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Achievements and performance Phoenlx College The Trust was successful in ils application lo be listed on Ihe Secretary of Slate's Section 41 list as 8 Special Posl 16 Inslilution (SPI) and subsequently was granted a contract for placement funding by the ESFA. The partnership with New City College ceased at the end of July 2020. The college moved lo its curreni premises al Phoenix Upper South in January 2021. The transition lo the current premises was very successful and allowed sludenls to access more subjects linked lo cooking, enterprise, horticulture. ICT and sports. These subjects are now very successful, leading students to work placemenls in all the areas above, including p2rtr)ers such as IKEA, Marriotl's Hotel. Otlolen9hi, Tale Modem and Starbucks, Regent's Park. among many others. Our currtculum focuses on the four areas of preparalion for adullhood.. Learning, F.ducalion or Employment., Independence: Health and Friendships and Relationships. Our curriculum is ambitious and we aim for all sludenls to graduale from Phoenix College with clear outcomes in all those four areas, especially employmenl. We expect all students lo graduate with a clear pathway towards supported employmenl and volunteering. This academic year we had ten leavers and mosl of them gradualed with employmenl or volunteering offers. One of them was offered a paid supported job at Ottolenghi before his graduation. Th8 Principal, who started al the llege in September 2021, and the Assislanl Principals have been involved in Ihe transition process for all leavers. liaising with Iheir respective parents and local aulhorilies. The Princlpal has also reviewed the slaff slruclure, crealing Iwo Assislanl Principal roles. The new Assistant Principals slariéd in the new roles in June 2023. In June 2024, Phoenix College received a full inspection from OFSTED achieving very good feedback In all areas. Quality of Educalion and Leadèrship and Management were rated as GOOD while Behaviour and Alliludes and Personal Development were rated as OUTSTANDING. Publ1¢ benefit ststement In shaping our objeclives for the year and planning our activilies, Ihe Trustees have Cnsidered the charity Commission's guidance on public benefil. induding the guidance 'Public benefil.. running a charity, {PD2J. The achievements and adivilies above demonstrate the public banefit arising Ihrough the charity's activities. Going concern After making appropriate enquiries. Ihe Trustees have a reasonable expeclation Ihal the Trusl has adequate resources lo conlinue in operational exislence for the foreseeable future. For this reason, il continues lo adopt the going concem basis in preparing the financial slatemenls. Further details regarding the adoption of the going concern basis Can be found in the Statement ofAccounling Policies. Flnanclal review The Stalemenl of Financial Activilies showed a nel surplus of £44,122 {2023 - £247,568) for the year and reserves sland al £1,468,296 {2Q23 - £1.424,174) as on 31 August 2024. The financial position al Ihe year revealed by the Balance Sheet shows net Crn1 assets or working capital of £1,449,254 {2023 - £1,401,847). The net book value of langible fixed assets held, all of which a used directly for charitable purposes, amounled 10 £19,042 (2023- £22,327). During the year ended 31 Augusl 2024, tolal expenditure of £1.815.166 (2023 - £1.546,015) was met by recurrent education grant funding from the ESFA and from Local Authorities. The Trust is holding balances as part of bls reserve policy and in anticipalion of the future development of Phoenix College. especially Ihe search for new premises.
THE PHOENIX AUTISM TRUST TRUSTEES. REPORT {CONTINUED){INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Reserves pollcy The charity's reserves policy is to maintain at least 6 monlhs of operating costs to ensure financial stability. The charity has plans lo expand and move lo larger premises, which will require capital inveslmenl, and is building reserves for this strategic aim. Reserve5 are reviewed annually and used only with board approval for strateglc and emergency purposes. The ESFA'S 'lagged leamer, funding model takes Ihe number of students from the pfevious year to allocate funding in the following year. This approach often entails colleges not receiving full funding for addilional Students unti5 the year after and the reserves will support this transitsonal gap in funding. The remainder of reseNes are currently sel aside for the development and growth of Phoenix College and the Trustees will review this on an ongoing basis. Phoenix College moved into ils current premises in January 2021. Phoenix School continues lo grow and are being asked by Towcr Hamlets lo increase Iheir role. One of the school's options would be lo expand the accommodalion currently let to the Phoenix College. This school's need for expansion so imminently is somewhat unexpecled. This has necessilated exploring alternative long-lerm solutions. including obtsining n8W premises on a long term lease. ideally in the first instance within Ihe Borough. The Phoenix Trustees are therefore aware of Ihe need lo increase reserves lo facililale any move, and lo review the College's fees accordingly. As of 31st Augusl 2024, financial stalemenls showed reserves of £1.468.296 (2023 - £1.424,1741 of whl¢h £14,883 12023 - £15,981) were reslricled funds and £1,453,413 {2023 - £1.408.193) were unreslricled funds. The unreslricted funds not designated or invested in tangible fixed assets held by the charlly are £1,434,371 (2023- £1,385.866}. The Trustees consider that Ihe charity's reserves will enhance the services provided and provide financial securily for the future. Details of reserves are shown in notes 13 and 1410 the financial slatements. Principal Funding Sources The principal funding sources during the 23r24 year were education funding from the ESFA. Tower Hamlets Local Authority, Hackney Local Aulhorily and Wallham Forest Counly Council. Investment powers and policy Under the Memorandum and Articles ofAssociation, the charity has the power to make any investment which Ihe Trustees see fil. The Trustees have considered the mosl appropriale approach for investing funds and have decided that 6 monlhs revenue should be placp.d in a fixed term high interesl account and the balance in a high interest easy asS account as a development fund. £500k deposited in a reserve account and £250k in a liquidity account. Future Plans and Developments The Trust will over Ihe coming year be developing a long-lemi strategic plan. The Trust is aclively seeking new properly for long-term lease. initially within the Borough of Tower Hamlets lo facilitate the growih of its successful and much needed educalion and etnployabilily model. The conlracl wilh the ESFA was renewed for another year and forty-four (44) plaS were coinmissioned for the 2023124 academic year from Tower Hamlets Local Authority, Wallham Forest County Council and Hackney Local Aulhorily. Demand for plaS conlinues to be slfong and Ihe Trust expects that there will significani growth over the next few years, which will be supported by ils resepie balarbces. The Trust transferred staff from the employmenl by Phoenix School to the Phoenix Aulism Trust al the start of September 2022. Phoenix Autism Trust is now Ihe sole employer of staff at Phoer)ix College.
THE PHOENIX AUTISM TRUST TRUSTEES. REPORT (CONTINUED}(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Project SEARCH There were no students from Phoenix College enroifed into the Project SEARCH programme Ihis academic year. Phoenix College and Phoenix School have been working logether on Ihe TUPE process for the Project SEARCH team to join Phoenix College as employees from Seplember 2024.The main reasons for this change are the increased proximity belween the staff structure, curriculum and oulcomes from Project SEARCH and the Preparalion for Work and Life programme delivered by Phoenix College. Phoenlx College- Preparatlon for Work and Life The feedback from OFSTED reiterated the assessmenls eonducted by the SLT- senior leadership team, both in the areas of success and areas for development. The inspectors were particularfy impressed with the outcomes reached by the students which are massively above the nalional avcrago. In the UK, less Ihar) 6°A of people wilh learning disabilities are accessing some type of employment, whereas Phoenix College has more than 500% of its students graduating wlth offers of employment. The Trusl is still seeking lo develop facililies to enable it to deliver Ils comprehensive curriculum, including vocational pathways to a wider range of learners. The curriculum leam implemented an expansion of the opportunities for vocational courses, moving the CLJrriculum lowards a more tailored pathway lo supported employment. There is also an increased focus on developing enterprise opportunities for all students as we reach new parlners such as QMUL and Starbuck5. The College is also growing the number of external partners for work placements. which led to a great success on the offer of paid supported employment offers for graduates. With the increased opportunilles for vocational pathways, we plan to enhance the profile of the team deliveTing Ihose programmes. We have invested in recruiting instructors and subjecl leads Ihal will deliver courses for those palhways, especially around ICT and Cooking. We have also delivered a Digital Skill course to all support staff, including the agency job coa¢hes. We increased students, access to work placements by creating the role of Assistsnl Principal - Careers and growing the Careers Team by introducing the roles of Enterprise Lead, Horticulture Lead and Employment Engagefflenl Officer. Having a full-lime Careers Team allowed us lo meet all Ihe Galsby Benchmarks, improve our baseline process by introducing vocational profiles. and increase the amount of exleTnal work plaMentS and paid supported employment opportunilies. Our next sleps are to detach the role of Careers Lead from the Assistant Principal position lo in¢rease Iheir focus on Iransitions. The College will look to develop its infraslruclure to meet the growing demand for post-19 places and ensure Ihal it becomes sustainable in Ihe long term. Wo offered places lo 30 sludenls in September 2021, 40 students in September 2022 and 40 sludenls in Seplember 2023. Our projection was lo increase this number bul the roll will remain static for 2024 until our accommodation issues are resolved. Structure, goveman¢e and management Governlng document The Phoenix Aulism Trust {Ihe word 'Limiled' bcing omilled by license from the Board of Trade) is a company limiled by guarantee and not having a capital divided by shares. The charity was incorporated on 29 May 201S. The Company was registered as a charity on 23 March 2017 under Registration Number 1172227 and company regislration number is 09615159. Recruitment and appolntment of Trustees As set out in the Articles of Association the chair of Ihe Tnjstees is nominated by Ihe other Trustees. The Directors of the organisation are also the charity Twslees for the purposes of charity law. The Board of TnJstees has power lo appoint addilional Truslees. and aims to expand ils membership, to bring in additional skills and experience. The Trustees have no beneficial interesl in the company other Ihan as members. The Trustees are also the Directors of the company. All of Ihe Truslees are members of Ihe company and guarantee to contribute £1 in evenl of winding up. The Board has the power lo appoint additional Directors.
THE PHOENIX AUTISM TRUST TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Organisation The Tiuslees of the charity aim lo meet every three monlhs as a Board. The Chaii also meets wilh the Principal and Office Manager on a regular basis. The charily is governed by the Board of Trustees. which sets Ihe overall framework. The Principal and Iheir staff team are then d81egaled full responsibility for implementation within this framework. Trustee induction and trainlng The Trustees maintain a good working knowledge of charity and company law and best praclice by regular reading of charity press articles and scruliny of Companies House, Charily Commission, other Government and voluntary organisalion advisory websiles. New Trustees are given copies of the Memorandum and Articles of Association and copies of previous year's minutes and allend an induction session given by an experienced Tiuslee, Related parties Tho charity works closely with olher slmilar organisations as delailed in the a¢hievements and performance section of the Truslees, Report. After following a TUPE process to become a fulty independenl college. Phoenix ALJlism Trust agreed to follow the same terms and ¢ondilions that employees previously had with Tower Hamlets Local Aulhorily. including ils pay policy for staff. The charily will update the pay policy al the start of the new academic year 23124 when the new staff slruclure is finalised. Risk Management The Trusteès have a risk management slrategy which comprises: An annual review of the risks Ihe charity may face. The establishment of systems and procedures to miligale those risks identified in the annual review., and Implemenlalion of procedures designed lo minimise any potential impaci on Ihe charily should those risks malerialise.
THE PHOENIXAUTISM TRUST TRUSTEES. REPORT {CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 statement of Trustees. responslblllties The Trustees, who are also the directors of The Phoenix Autism Trust for the purpose of company law, are responsible for preparing the Truslees. Report and the accounts in accordan with applicable law and United Kingdom Accounting Standards (Uniled Kingdom Generally Accepted Accounting Practice) inc5uding Financial Reporling Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company Law requires th8 Trustees to prepare accounls for eath financial year which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for Ihal year. In preparing these acLounls. Ihe Trustees are required lo: select suitable accounting policies and then apply Ihem consislenlly- - obseNe the methods and prindples in the Charities SORP., make judgemenls and eslimales that are reasonable and prudent- and prepare Ihe accounls on the going conceTn basis unless it is inappropriate to presume that the charilable company will continue In operation. The Trustees are responsible lor keeping adequate ac¢ounling records Ihal disclose wilh reasonable accuracy at any lime the financial position of Ihe charitable company and enable them to ensure thal Ihe accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable ¢ompany and hanca for taking reasonable steps for the prevention and delection of fraud and other irregularities. The Trustees are responslble for maintenance ar)d inlegrity of the corporate and financial infomialion included on the charitable company's website. Legislation in Ihe United Kingdom goveming Ihe preparation and dissemination of financial stalemenls may differ from legislalion in other jurisdiclions. In so far as the Trustees are aware.. there is no relevanl audit information of which Ihe charitable companvs auditors are unaware., and the Tnjslees have laken all sleps that Ihey ought lo have taken to make themselves aware of any relevant audit information and lo establish Ihal the auditors are aware of that infomialion. This rp.port has been prepared in accordance with Ihe special provisions of Part 15 01 the Companies Acl 2006 relaling lo small companies. The Trustees, report was approved by the Board of Trustees and signed on its behalf by: S Harris Chair Dated.. 09 May 2025
THE PHOENIX AUTISM TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE PHOENIX AUTISM TRUST Opinion We have audited the financial statements ol The Phoenix Autism Trust (Ihe 'charilable company,) for the year ended 31 Augusl 2024 which comprise the slalement of financial aclivilies. the balance sheet, the statement of cash flows and notes to the financial slalemenls, induding significant accounting policies. The financial reporling framework that has been applied in their preparation is applicable law and United Kingdom Accounting Slandards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, Ihe financial slalemenls.. give a true and fair view ol the stale of Ihe charilable companvs affairs as al 31 August 2024 and of ils incoming resources and application of resources, including ils income and expendilure, for the year then ended., have been properly prepared in accordance wilh Uniled Kingdom Generally Accepted Accounting Practice., including Finanaal Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,; and. have been prepared in accordance with the requirements of Ihe Companies Ad 2006. Basis for opinion We conducled our audit in accordanc£ with Inlernational Slandards on Auditing (UK> (ISAS (UK)) and applicable law. Our responsibilities under those slandards are further described in the Auditorfs responsibilities for the audit of the finan¢ial stalemenls section of our report. We are independent of the charilable company in accordance with the ethical requirements that are relevant to our audit of Ihe financial slalemènts in the UK, including the FRC'S Elhical Standard, and we have fulfilled our olher ethical responsibililies in accordance with these requirements. We b&liev8 that the audit evidence we have obtained is sufficienl and appropriate to provide a basis for our opinion, Concluslons relating to going concern We have nothing lo report in respect of the following mallers in relation lo which the ISAS (UK) require Lts to report lo you where.. Ihe Iruslees, use of the going concern basis of accounting wi the preparalion of the financial slalemenls is nol appropriate-, or the Iruslees have nol disclosed in the financial statements any identified material uncertainties that may casl significant doubl aboul the charilable company's ability lo continue to adopt Ihe going concern basis of accounting for a pèriod of at least IWee months from the dale when the financial slalemenls are aulhorised for issue. Other informatlon The other infoTmalion comprises the infomation included in Ihc annual rcport other than the financial statements and our audilo¢s report thereon. The Trustees are resporlsible lor the other information contained within the annual report. Our opinion on the financial slalemenls does not cover Ihe other infomialion and, except lo the extenl olhewise explicitly staled in our report, we do not express any form of assurance conclusion thereon. Our responsibility is lo read the olher information and. in doing so. consider whelher the olher information is materially inconsislenl wilh the finanaal stalemenls or our knowledge oblained in Ihe course of the audit, or otherwise appears lo be materialty misslated. If we identify such malerial incnnsislencies or apparent malerial misstatements, we are required lo delemiine whelher this gives rise to a material misslatemenl in the financial stalemenls themselves. If, based on the work we have performed, we cor)clude that there is a material misslalemenl of this other information, we are required lo ieport Ihal fact. We have nolhing lo report in this regard.
THE PHOENIX AUTISM TRUST INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE MEMBERS OF THE PHOENIX AUTISM TRUST Opinions on other matters prescribod by the Companles Act 2006 In our opinion, based on the work undertaken in the course of our audit.. the information given in the TTuslees' report for the financial year for which the financial slatamenls are prepared, which includes the directors. report ppared for Ihe purposes of company law, is consistent with the rinancial statemenls., and the directors, report included within the Tiustees, report has been prepared in arxordance with applicable legal requirements. Matters on whtch we are required to report by exception In the light of the knowledge and understanding of Ihe charitable company and its environment obtained in the course of the audit, we have not idenlified material misstatements in the directors. report included within the Trustees, report. W6 have nothing to report in respect of Ihe following matters in relalion to which the Companies Acl 2006 requires us lo report to you if, in our opinion.. adequate accounting records have nol been kepl. or returns adequale for our audit have not been received from branches not visited by us,. or the financial slalements are nol in agreement with the accounling records and returns., or certain disclosures of truste8s' remuneration specified by law are not made,. or we have not received all the information and explanations we require for our audit. or the Truslees were not enlilled to prepare the financial slalemenls in accordance wilh the small companies regime and lake advanlage of Ihe small companies, exemplions in preparing the TrLJStees' report and from Ihe requirement to prepare a slrategic report. Responsibilitles of Trustees As explained more fvlly in the statement of Truslees, responsibililies. the Truslees, who are also the directors of the charitable company for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied Ihat Ihey give a Irue and fair view. and for such inlemal control as Ihe Trustees delermine is necessary lo enable Ihe preparation of finanual statements that are free from material misslalemenl, whether due lo fraud or error. In preparing the finanaal stalements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, mallers related lo going concem and using the going concern basis of accounting unless Ihe Truslees either intend to liquidate the ¢haritable company or to cease operations, or have no realislic allernalive bul lo do so. Auditor's responslbilities for thè audit of the financial statements Our objectives are lo obtain ieasonable assurance aboul whether the financial slalernenls as a whole are free from material misstalemenl, whelher due lo fraud or error. and lo issue an auditor's report that includes our opinion. Reasonable assuran is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always delecl a material misstatement when it exists. Misslalements can arise from fraud or error and are considered material if, individually or in Ihe aggregate. they could reasonably be expected lo influence the economic decisions of users taken on Ihe basis of these financial stalemenls. Irregularities, including fraud. are inslances of non-compliance with laws and regulations. We design procedures in line wilh our responsibilities, outlined above, to detecl malerial misstalemenls in respecl of irregulatilies, including fraud. The extent to which our procedures are capable of detecting irregularities, induding fraud is detailed below.. Discussions were held with. and enquiries made of. management and Ihose charged with governance wilh a view to idenlifying those laws and regulations Ihat could be expected to have a material impact on the rinancial slatemenls. During the engagement team briefing. the outcomes of these discussions 2nd enquiries weie shared with Ihe leam, as well as consideralion as lo where and how fraud may occur in the entily.
THE PHOENIX AUTISM TRUST INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE PHOENIXAUTISM TRUST The followlng laws and iègulalions were idenlified as being of slgnificanco to th8 enlty- Those laws and regulalions cnSIdered to have a direct effect on the finanGial slalements Include UK finandal reporting slandards. Company Law. Charit5 Acl. Tax and Penslon$ leglslatlon. and dislributabl8 profiis legislation. 11 5s considered Ihal there are no laws and regulations for whlch nonwcompliance may be fundamental lo the opeiating aspocfs of the charity. Audit procedures undertaken in response to Ihe potenlial risks relating to iffegularities (whlch Indudty fraud and non-compllance with laws and regulations) comprfsed ofr Inqulrles of managemenl and Ih05e charged wlih 9overnance as lo whetl)Br the charilablo company complies wllh such laws and regulallon5- ènqulries wilh the same concemlng any aclual or polenllal lrtigallon or clairn&- inspection of re16vanl legal rA)rrespondence' revlew of board mlnutes: tesllng the approprlaleness of entfles In the nomlnal lodger. Incjudlng Journal enlrles: revletNlng transacllons around Ihe end ol Ihe reporting year; and th6 pèrfonnance of analytkal procedure5 lo Idgnlity unexpected movements in account balances whlch may be indicallve of fraud. No Instances 01 rnalerlal non.compllancg were Identified. However. the likelihood of delectln9 irregul4riti08, Induding fraud, 15 Ilmlled by Ihe Inherenl dilficulty in detecling Irregularllies, tho effeGlivftnÈss of the entity's controls, and Ihe nalur8, liming and exlenl of Ihe audll procedur85 perlormed. Irrègularilies Ihal result from ffaud mlghl be Inheren15y mole difficuft lo deted Ihan lffegularilies Ihat rosull from error. As explainèd above. there Is an unavoldable risk thal material misslalemenls may not be detected. Èv6Th though Ihe audit has beèn planned and perfomad In accordance vAlh ISAS (UK). A lurther deFcriptlon of our fe$ponsibUltlo8 Is available on thè Flnanclal Reportlng CounGII's wpbsllè 81: htlps;11 YTrM.frc.org.ukJaudllofsresponslbilifios. Thi6 descflpllon fofms part ol our 8udllo¢s report. Use of our rnport Thls rèport is made solely lo Ihe ¢ompanls membgrs, a$ a body. In aco)rdancg with Chapler 3 of Part 16 of Ihe Companias Acl 2006, Our audit work has been underlakèn so Ihal we mighl slate lo the ¢haritabl8 company's members Ihose matters we are required to stale lo them In an auditorf5 reporl and for no olhor purpoyè, To Ihe full8sl exlènt permitted by law, we do not accepl or assume respon51bility to anyone olher than th9 ch8rilable ompany and Ihe charilable compan5 members as a body. lor our audit work, for thls ffjport, or for lh8 oplnlons we have formed. MEh8 arfAmlraly (Senlor Statutory Audltor) lor and on bohalfof SKS Audlt LLP 09 May 2025 ChartorgdA¢countsnts 3 Shèèn Road Rlchffiond Upon Tham¢s IW9 IAD
THE PHOENIXAUTISM TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrestricted Restricted funds funds Total 2024 Total 2023 Notss Income from: Charitable activities Inve51menls 1,832,909 20,151 6.228 1,839,137 20,151 1,784,267 9,316 Total Income 1,853.060 6,228 1.859,288 1,793.583 Ex enditure on: Raising funds Charitable activities 25,199 1,789,967 25,199 25,711 1,789,967 1,520,304 Total expenditure 1,815,166 1.815,166 1,546,015 Net incoming resources before transfers 37,894 6,228 44.122 247,568 Gross Iransfers beeen funds 7,326 (7.326) Net incomellexp8ndlture) for the yearl Net movement in funds 45,220 (1,098) 44.122 247.568 Fund balances at 1 September 2023 1,408.193 15,981 1,424,174 1,176,606 Fund balanc88 at 31 August 2024 1.453,413 14.883 1,468,296 1,424,174 The slalemenl of financial adivilies includes all gains and losses recognised in the year, All income and expenditure derive from ¢onlinuing activities. The 51alement of financial activities a150 complies wilh the requiremenls for an income and expendilure account undcr the Companies Act 2006. The notes on pages 13 to 22 form part of Ihese financial statements. 10-
THE PHOENIX AUTISM TRUST BALANCE SHEET AS AT31 AUGUST 2024 2024 2023 Notes Fixed assets Tan9ible assets 10 19.042 22,327 Currant assets Deblors Cash al bank and in hand 11 312,255 1.198,399 17,711 1,479,333 1.510.654 1,497.044 Creditors: amounts falling due wlthln one year 12 61.400 95,197 Nel current assets 1,449,254 1.401,847 Total assets less current liabilities 1,468,296 1,424,174 Income funds Restricted funds Unrestficled funds 14,883 1,453,413 15,981 1,408,193 1,468.296 1,424,174 The Trustees have prepared financial statements in accordance wlh Section 398 of Ihe Companies Act 2006 and Seclion 138 of Ihe Charities Acl 2011. These financial statements are prepared in accordance with Ihe special provisions of Part 15 of the Companies Acl relaling to small companies and conslilule the annual financial slalemenls required by the Companies Acl 2CrfJ6 and are for c4rrAJlalion to members of the company. The financial slalemenls were approved by the boaid of directors and aulhorised for issue on 09 May 2025 and are signed on 115 behalf by: The noles on pages 13 to 22 form part of these financial stalements. S Harris Chair Company Registration No. 09615159 11
THE PHOENIX AUTISM TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Noles Cash flows from operating activities Cash absorbed by operations 17 (293,759) (83,027) Investing activities Purchase of tangible fixed assets Investment income received (7.326) 20.151 (27,054> 9,316 Net cash generated fromllused in} investing aGtiviti8S 12,825 (17,738) Net cash used in financlng activltles Net decrease In Gash and cash equlvalents {280.934) (100,765) Cash and cash equivalents al beginning of year 1,479.333 1,580,098 Cash and cash equlvalents at end of year 1,198,399 1,479,333 12-
THE PHOENIX AUTISM TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies 1.1 Accounting convention The financial slalemenls of the charitable company, whith is a public benefit under FRS 102. have been prepared in accordance with the Charities SORP {FRS 102) 'Accounling and Reporting by Charities: statement of Recommended Praclice applicable lo charilies preparing their financial slalemenls in accordance with Ihe Financial Reporting Slandard applicable in Ihe UK and Republic of Ireland IFRS 102) (effeclive 1 January 2019)., Financial Reporting Slandard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and Ihe Companies Act 20(. The financial statements are prepared in sterling, which is the functional ouencY of the charitable company. Monetary amounts in these financial stalemenls are rounded to the nearesl £. The financial slatements have been prepared under the hislorical ¢osl convention. The prinrypal accounting policies adopted are sel out below. 1.2 Golng concern The charity's financial statements show nel surplus of £44.122 (2023.. £247,568) for Ihe year and fre8 reseNes of £1,434.371 (2023.. £1.385,866). The Trustees are of the view thal these results have secured the immediate future oflhe charily for the next 1210 18 months and on this basis the chariiy is a going concem. 1.3 Charitable funds The general fund comprises those monies which may be used toward meeling the Charitable objectives of the company al the discretion of the Management Board. The reslricled funds arè monies waised for, and Iheir use restricted to. a specific purpose or donations subject lo donor-imposèd conditions. 1.4 Incoming resources All income is included in the slalement of financial activities when the charity is legally enlilled to il, re¢eipt is probable, and the amount can be measured with sullicienl reliability. Grant Income Grants are credited to Ihe stalemenl of financial activities when Ihe chaiity is enlitled lo Ihe funds. Income is only deferred where there afe time constrainls imposed by Ihe donor or if the funding is performance related. Where entitlement lo grants receivable is dependerbl upon fuifilmenl of condition5 Within Ihe tharily's control. Ihe income is recognised when there is sulficient evidence that conditions will be met. Grants supporting the core activities of the charity and with no specific restrictions placed upon their use are included within donations and legacies. GTanls Ihal have specific reslrictions placed upon their use are included within income from charitable activilies. Capital grants for the purchase of fixed assets are credited to reslricled incoming resources on the earlier dale of when they are recelved or receivable. Deprerjation on Ihe related fixed assets is charged againsl the reslricled fund. Donations and legacies Donations are recognised in the year in which Ihey are received. Legacy income is recognised when Ihe charity's entitlement is judged lo be probable and where the amounl can be reliably measured. Contract income Income from charitable activities include income recognised as eamed (as the related goods and services are provided) under contracl. Investment income Investment income is included when receivatAe. 13-
THE PHOENIX AUTISM TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Accounting policles (Continued) 1.5 Volunteers and donated services and facilities Donated professional services and donaled facilities are recogni5ed as incnme when the charily has control over Ihe item, any conditions associated with Ihe donated item have been mel, Ihe receipt of oconomic benefil from the use by the charily of the item is probable and that economic benefit can be measured reliably, In accordance with the Charilies SORP (FRS 102), the general volunteer time is not recognised (refer lo the Irustees, annual report for more infomiation about Iheir conlribulion). On receipt, donaled professional services and donated faeilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing lo pay lo oblain seNices or facilities of equivalenl economic benefit on the open market., a corresponding amount is then recognised in expenditure in the year of receipt. 1.6 Resources expended Expenditure is recognised once there is a legal or construclive obligation lo make a payment to a third party, il is probable Ihal settlement will be required. and Ihe amount of Ihe obligalion can be measured reliabty. Expendllure is classified und8r the following aclivily headings: Cost of raising funds comprises the cost of seeking donations and leg3cies, membership services and other fundraising aclivittes and Iheir assocjaled support cosls. Expenditure on charitable activities includes the costs directly associaled with providing educational needs for people with Autism andlor language, communication or inlera¢tion difficulties and their associated suppori costs. Irrecoverable VAT is tharged as a cosl against Ihe actiwly for whlch the expendilure was incurr8d. 1.7 Allocation of support costs Support costs are Ihose functions thal assisl Ihe Vrk of Ihe charity but do not directly undertake charilablé aclivilies. Support costs include back-office costs, finance and administration personnel, payroll and governance cosls which support the Trust's programmes and activities. These cosls have been allocated beeen cosl of raising funds and expenditure on charitable activities. The basis on which support SIS have been allocated are sel out in note 7. 1.8 Tanglble fixed assets Tangible fixed assets are initially measured al cosl and Subsequent measured al cost or valuation. nel of depreciation and any impairment losses. The ¢osl of minor addilions or those costing less Ihan £SOO are not capilalised. Depieciation is recognised so as to write off the cost or valuation of assets less their residu21 values over their useful lives on the following bases- Fixtures and fittings IT equipmenl 33°h straight Line Method 33% Sttaighl Line Method The gain or loss arising on Ihe disposal of an a55et is determined as Ihe difference between Ihe sale proceeds and Iho carrying value of the asset. and is iecognised in the statement of financial activities. 1.9 Cash and cash equivalents Cash and cash equivalenls indude cash in hand. deposits held at call with banks, other short-temi liquid investments wilh original m21urilies of three monlhs or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 14-
THE PHOENIX AUTISM TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policles {Continuedl 1.10 Flnanclal instruments The charilable company has elected lo apply Ihe provisions of Seclion 11 'Basic Financial Inslrumenls, and Section 12 '0ther Financial Instruments Issues. of FRS 102 to all of ils financial instrumènts. Financial inslrumenls are recognised in the charitable company's balance sheet when the charitable company becomes party lo the contractual provisions of Ihe inslrument. Financial a5sels and liabililies are offset, wilh Ihe net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounls and there 15 an intention to sellle on a net basis or lo reali5e the asset and settle the liability simultaneousty. 1.11 Taxation The charity is a registered charity and. therefore, is not liable for Income Tax or Corporation Tax on income derived from its charitable aclivilies. as il falls within Ihe various exemptions available to registered charities. 1.42 Credltors and Provlslons Cr8ditors and Provisions are recognised when Ihe charitable company has a legal or conslruclive present obligation as a result of a pasl event, il is probable Ihal the charitable company will be required to settle that obligation and a reliable eslimale can be madè of the amount of the obligation. The amounl recognised as a provision is the best eslimale of the consideration required to settle the present obligation at the reporting end dale. taking inlo account Ihe risks and uncertainties surrounding the obllgalion. Where the effect of the lime value of money is malerial. the amount expected lo be required to settle the obligation is recognised al present value. When a provision is measured al presenl value, Ihe unwinding of the discount Is recognised as a finance cost in net incofflel(expendilure) in the period in which il arises. 1,13 Debtors Trade and other deblors are recognised al the selllemenl amounl due after any Irade discount offered. Prepayments are valued al the amount prepaid net of any trade discounts due. 1.14 Penslon The Charily operates a defined contribution pension scheme on behalf of ils employees. Contributions are charged to Ihe Statement of Financial Aclivilbes in Ihe period in which they are payable. The a55ets of Ihe schem?. are held separately from those of the Charity in an independently adminislered fund. Critlcal accounting estimates and judgements In the application of the charitable company's accounling policies, the Trustees are required to make judgements. estimates arKI assumptions about the carying amount of assets and liabilities Ihal are not readily apparent from other sources. The estimates and associated assumptions are baged on historical experience and olher factors that are considered lo be relevant. Aclual results may differ from these estimates. The estimates and underlying assumplions are reviewed on an ongoing basis. Revisions to accounling estimales are recognised in Ihe year in which the eslimale is revised where Ihe revision affecls only that year, or in Ihe year of the revision and future year where the revision affecls both currenl and futLJre yeais. 15-
THE PHOENIX AUTISM TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Charitable activities Charitable activities Total 2024 Total 2023 London Borough ofTower Hamlels Educalion and Skills Funding Agency London Borough of Hackney Essex County Council Olher income Wallham Forest Access 2 work 1,100.909 1.100,909 610,572 610,572 83,175 83,175 947,197 632,668 189.277 15,000 125 1,526 24,009 18.946 1,526 24,009 18,946 1,839,137 1,839,137 1,784,267 Analysis by fund Unreslricted funds - general Reslricted funds 1.832,909 1,832.909 1,741,232 6,228 6.228 43,035 1.839,137 1,839.137 1,784,287 Forthe year ended 31 August 2023 Unrestricted funds- general Restricted funds 1,741,232 43,035 1,741,232 43,035 1.784.267 1.784,267 Investments Unrestricted funds Total 2024 Total 2023 Interest Income 20,151 20,151 9,316 20.151 20,151 9.316 16-
THE PHOENIXAUTISM TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Raising funds Unrestricted funds Total 2024 Total 2023 Staff costs Share of support costs (see nole 7) Share of governance ¢osls (see note 7) 18,925 18.925 6,046 228 17,782 7,716 213 228 25.199 25,199 25,711 For the year ended 31 August 2023 Fundraising and publicity 25,711 25,711 25,711 25,711 Charltable aGtiviti8S Educational Operations Total 2024 Total 2023 Staff Costs Learning resource costs Sludenl Meals cosls Membership and Subscriptions Transport & Travel costs 1.150,516 1,150.516 117,447 117.447 58,006 58,006 7,675 7,675 10,669 10,669 971,388 93,331 42,404 7.121 17.548 1,344,313 1,344,313 1.131,792 Share of support costs (see nole 7) Share of governance cosls (see note 7) 429,500 16,154 429,500 16,154 378,099 10,413 1.789,967 1,789.967 1,520,304 Analysis by fund Unreslricled funds - general 1.789.967 1,789,967 1,520,304 1,789,967 1,789,967 1,520,304 For the year ended 31 August 2023 Unrestricted funds - general 1,520,304 1,520,304 1,520.304 1,520.304 17-
THE PHOENIXAUTISM TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Support costs The charity initially identifies Ihe cos15 of ils support functions.11 then identifies those costs which relate to the govemance function. Governance c051s and other support costs are apportioned separately between the key activities underlaken in Ihe year. All the general support and governance costs have been apportioned to the various charitable activities on the basis of direcl costs of each activity. Support Governance costs costs Total 2024 Total 2023 Staff costs Deprecialion Management and adminislralion Insurance Bank charges and Inleresl Slaff training and development Legal and professional fees IT Costs General expenses Rent Recruilmenl Costs Repairs and maintenance Audilorfs fees Trustees and board meeting expenses 1(,142 10,611 13.594 8,055 1,222 21,105 55.656 36.951 628 171.120 5.180 5,282 9,463 115,605 10,611 13,594 8,055 1,222 21,105 55,656 36,951 628 171,120 5.180 5.282 6,840 79 123,936 4.727 17,853 7,399 812 15,286 31,831 29,664 6,352 130,000 5,010 17,391 6,180 6.840 79 435,546 16,382 451,928 396,441 Analysed between Fundraising Charitable aclivilies 6,04S 429.500 228 16,154 6,274 445,654 7,929 388,512 435,546 16,382 451,928 396.441 Net Incomel Expenditure for the year 2024 2023 Deprecialion of owned tangible fixed assets 10.611 4,727 Auditor's Remuneration Audit Fees Non Audit Fees 4,440 2,400 4,020 2,160 6,840 6,180 18-
THE PHOENIX AUTISM TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Analysis of staff costs, trusiees. remuneration and expenses, and cost of key management personnel The average monthty number of employee5 during the year was.. 2024 Number 0.20 17.38 2.53 0.10 2023 Number 0.20 15.27 2.90 0.05 Fundraising Charitable Activities Administration and Support Governance Total 20.21 18.42 Employment costs 2024 2023 Wages and salaries National Insurance cosls Other pension Costs Agency and seconded staff costs 772,214 77,849 145,899 289,085 609,719 61,949 119,920 321,518 1.285.046 1,113,106 No Iruslees received any remuneration during the year (2023 £nil). One Irustee received reimbursed expenses during Ihe year £79 (2023 - £91). The key managemeni personnel of the charity comprise the Trustees, the Principal. Assistant Principal, and Senior Administrator. The lolal payments lo the key managemenl personnel of the charity were £203,810(2023- £217,283). The number of employees whose annual remuneration was more than £60,000 is as follows.. 2024 Number 2023 Number £60,001 to £70,000 £70,00110 £80,000 £80,00110 £90,000 19-
THE PHOENIX AUTISM TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 10 Tangible flxed assets Flxtures and IT equlprnent Ilttlngs Total Cost Al 1 September 2023 Additions 27,054 2.574 27,054 7.326 4,752 Al 31 August 2024 4,752 29,628 34.380 DepreGiation and Impaimient At 1 Seplember 2023 Depreciation charged in the year 4,727 9,194 4,727 10,611 1.417 Al 31 Augusl 2024 1.417 13,921 15,338 Carrying amount Al 31 Augusl 2024 3.335 15,707 19,042 Al 31 August 2023 22.327 22,327 11 Debtors 2024 2023 Amounts falllng due wlthln one year: Trade debtors Accrued income Prepayments 302,201 15.560 2,151 10,054 312,255 17,711 12 Creditors.. amounts falling due wlthln one year 2024 2023 Trade creditors Taxation and social security other creditors Accruals 198 17.413 6,519 37,270 26,908 14,347 20.451 33,491 61,400 95,197 -20-
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THE PHOENIX AUTISM TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 14 Analysis of net assets between funds Unrestrlcted Restrtcted funds funds Total Unrestrlcted Restricted 2024 funds funds Total 2023 Fund balances at 31 August 2024 are represenled by.. Tangible assets Curronl asselsllliabililies) 19.042 19.042 22.327 22,327 1,434,371 14,883 1,449,254 1.385.866 15,981 1.401,847 1,453.413 14,883 1,468,296 1.408,193 15,981 1,424,174 15 Pension The pension cost char9e represents conlribulions payable by the Charily lo the fund and amounted lo £145,899 {2023 - £119,920). Contribulions tolaling £6.017 (2023 £12.137) were payable lo the lund at the year end and are included in other tdItorS 16 Share capitsl The charitable company is limited by guaranlee and does not have a share capital divided by shares. 17 Cash generaied from operations 2024 2023 Surplus for the year 44,122 247,568 Adjuslmenls for.. Investment income recognised in statement of financial adivittes Depreciation and impairment of tangible fixed assets (20,151) 10,611 (9,316) 4,727 Movements in working capital.. (Increa5el in deblors (Decrease) in creditors (Decrease) in deferred income {294.544) {33,797) (16,691) (253,089) (56,226> Cash absorbed by operations (293,759) (83,027) 18 Related party transactions During the year £254,157 {2023: £404.940) was paidlpayable lo The Phoenix Primary and Secondary School for recharges of resources used vthere Jonalhon Caunt is a governor. As at the year end balance payable lo The Phoenix Primary and Secondary School amounted to £nil (2023= £23,827) included in trad8 creditors. During Ihe year charity paid £867 to Calmcare Consulting Limited for Iraining c£Jsl where one of the trustees is the director. -22-