Registered Charity Number: 1176730
# **PHOENIX RISING**
**(A Charitable Incorporated Organisation)**
**Report and Financial Statements for the year ended 31 January 2025**
Registered Charity Number: 1176730
## **PHOENIX RISING**
## **(A Charitable Incorporated Organisation)**
**Report and Financial Statements for the year ended 31 January 2025**
## **Contents**
|**Contents**||
|---|---|
||**Pages**|
|Reference & Administrative details|3|
|Trustees’ report|4-5|
|Independent Examiner’s Report|7-8|
|Statement of Financial Activities|9|
|Balance Sheet|10|
|Notes to the Financial Statements|11-14|
**PHOENIX RISING**
## **(A Charitable Incorporated Organisation)**
## **Reference & Administrative Details**
|**Charity Name**|PHOENIX RISING|
|---|---|
|**Charity Registration No.**|1176730|
|**Address**|16 Lewis Crescent|
||Neasden|
||London|
||NW10 0NR|
|**Trustees**|Candice Falconer - Chair|
||Michelle Walcott - Treasurer|
||Goda Mangwata|
||Eileen Robinson|
||Benie Banza|
||Kelly Reynolds|
|**Independent Examiner**|Md Abdul Fattah ChowdhuryFCCA|
||Syldon & Co. Accountants|
||7-13 High Street, Suite B|
||Romford, RM1 1JU|
3
**PHOENIX RISING**
## **(A Charitable Incorporated Organisation)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[ST] JANUARY 2025**
The Board of Trustees, of Phoenix Rising, the Charity, presents its Annual Report and the Financial Statements for the year ended 31[st] January 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)
## **OBJECTIVES AND ACTIVITIES**
Objectives and aims
The principal activities of the organisation are to advance in life and help young people primarily living in the NW10 Postcode, across Brent, Barnet and the surrounding areas through:
- The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life;
- Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals.
The main activities are Steel Pan Ensemble Training, Foil Fencing, Environmental Awareness and Social Action, School Holiday Programmes, and Home Learning Support. The contribution made by the Phoenix Rising cannot be understated as this is an important factor in the successful outcomes we have achieved during this period.
## **ACHIEVEMENTS AND PERFORMANCE**
In 2024 our main achievements continued to revolve around getting our community and our participating children and young people ‘back on track’ towards a better normal since Covid. Our achievements included greater participation through increased numbers for our main activities: Steelpan Ensemble Training (Music), Foil Fencing (Sport), Tree Planting and caring for local Blue and Green Spaces (Environmental Awareness), Social Action, Mental Health and Wellbeing.
The Work of Phoenix Rising has made a difference in the following areas:
Learning New Skills, Emotional Happiness, Feeling Safe and Secure, Physically Active, Mental Health & Wellbeing, and Increased Confidence.
This has resulted in the raised aspiration, self-esteem and self-worth of our young people. It has also improved their ability and resolve to address challenges through knowledge and understanding gained at the project where they have had the necessary support. They were able to relax as they knew who they could and still can go to and who they can trust at times when they do not feel secure at home or elsewhere.
The impact on the local community has been a positive change from the bias and negative perceptions commonly held of local children and young people.
Performance of fundraising activities against objectives set have been met. It is envisaged that our funding objectives will be broadly the same for the next two years as there will be a consolidation of our core activities during this period.
Our main area of fixed asset investment performance has still not yet been met. Phoenix Rising needs its own building as this will enable the organisation to better address and respond to local need and to increase capacity and its ability to better serve our community.
4
**PHOENIX RISING**
## **(A Charitable Incorporated Organisation)**
## **FINANCIAL REVIEW**
On review, the charity’s financial position at the end of the period is good. There was no overspend and there was an increase in Unrestricted Fundraising. Any liabilities are expected to be met by future grants of supply and the application of future income.
## **Reserves Policy**
The policy of Phoenix Rising is to hold in reserves a minimum of 3 months core costs / general running costs. As at 31[st] January 2025, Phoenix Rising’s unrestricted cash reserves has increased to £56,095.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## Governing document
The charity is controlled by its governing document, Constitution of a Charitable Incorporated Organisation with voting members other than its charity trustees.
Organisational structure
The organisation is a registered charity (CIO). The members of the management committee confirm that the provision of the charity’s governing document have been complied with throughout the year under review.
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
The Trustees are responsible for preparing the Trustees Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards. The Trustees have prepared the financial statements for each financial year which gives a true and fair view of the state of affairs of the CIO and of the income resources and application of resources, including the income and expenditure of the CIO for the year. In preparing these financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently
- observe the methods and principles in the Charities SORP
-
- make judgements and estimates that are reasonable and prudent
## **STATEMENT OF TRUSTEES RESPONSIBILITIES (contd)**
- The Trustees ensured that applicable UK accounting Standards have been followed, subject to any material departure disclosed and explained in the financial statements
- The financial statements were prepared on the going concern basis unless it is inappropriate to presume that the CIO will continue in operation.
The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the CIO and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as possible the Trustees are aware:
- There is no relevant financial information of which the CIO’s Independent Examiner is unaware
- The Trustees have taken all steps that they ought to have taken to make themselves aware of any financial information and to establish that the Independent Examiner is aware of that information.
5
**PHOENIX RISING**
## **(A Charitable Incorporated Organisation)**
## **Audit Exemption**
The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011. This report has been prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities issued by the Charities Commission, updated 2015.
This report and statement were approved by the Trustees on 1[st] September 2025 and signed on its behalf by:
………………………………………………
- Chair
6
**PHOENIX RISING (A Charitable Incorporated Organisation)**
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees** Charity Name PHOENIX RISING **On accounts for the year** 31/01/2025 **Charity no** 1176730 **ended (if any) Set out on pages** (remember to include the page numbers of additional sheets) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/01/2025. **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
**Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
* _Please delete the words in the brackets if they do not apply._
**Signed: Date:** 18/11/2025 **Name:** Md Abdul Fattah Chowdhury **Relevant professional** FCCA **qualification(s) or body (if any): Address: Syldon & Co. Accountants,** 7-13 High Street, Suite B, Romford, RM1 1JU
7
**PHOENIX RISING**
## **(A Charitable Incorporated Organisation)**
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
8
## **PHOENIX RISING**
## **(A Charitable Incorporated Organisation)**
## **Statement of Financial activities for the year ended 31 January 2025**
|**INCOME FROM:**
Charitable Activities
Investment
**Total Income**
**EXPENDITURE ON:**
Charitable Activities
**Total Expenditure**
**NET INCOME (EXPENDITURE)**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**Total funds carried forward**|**Note**|**Unrestricted**
**Funds**
**£**
9,664
2,940
**12,604**
7,438
**7,438**
**5,167**|**Designated**
**Funds**
**£**
-
-
**-**
-
**-**
**-**|**Restricted**
**Funds**
**£**
134,700
-
**134,700**
91,965
**91,965**
**42,735**|**Total Funds**
**2025**
**£**
**144,364**
**2,940**
**147,304**
**99,403**
**99,403**
**47,901**|Prior Year
2024
**£**|
|---|---|---|---|---|---|---|
||2
3|||||163,008
1,070|
|||||||164,078|
|||||||88,851|
|||||||88,851|
||||||||
|||||||75,227|
|||53,240
**58,406**|46,575
**46,575**|168,678
**211,413**|268,492
**316,394**|193,266
268,492|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
9
## **PHOENIX RISING**
## **(A Charitable Incorporated Organisation)**
## **Balance Sheet as at 31[st ] January 2025**
|**Note**
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS:**
Amounts falling due within one year
**NET CURRENT ASSETS LESS LIABILITIES**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**TOTAL NET ASSETS LESS LIABILITIES**
**RESERVES:**
9
Unrestricted Funds
Designated Funds
Restricted Funds
**TOTAL FUNDS**|**Balance as at**
**31/01/2024**
**£**
2,311
**2,311**
314,083
**314,083**
-
**-**
**314,083**
**316,394**
**316,394**
58,406
46,575
211,413
**316,394**|Prior Year
31/01/2023
£
9,749|
|---|---|---|
|||9,749|
|||258,744|
|||258,744|
|||-|
|||-|
||||
|||258,744|
||||
|||268,493|
||||
|||268,493|
|||53,240
46,575
168,678
268,493|
The financial statements were approved by the Board of Trustees on 1[st] September 2025 and were signed on its behalf by:
………………………………………………….
- Chair
10
**PHOENIX RISING**
## **(A Charitable Incorporated Organisation)**
## **Notes to the Financial Statements for the for the year ended 31 January 2024**
## **1. ACCOUNTING POLICIES**
## **BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS**
The financial statements are prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice "Accounting & Reporting by Charities" revised in 2015.
## **INCOME**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
## **EXPENDITURE**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
## **TANGIBLE FIXED ASSETS**
Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life.
Musical instruments - 20% Sporting equipment - 20% Equipment & accessories - 33.3% Office equipment - 33.3%
## **TAXATION**
The charity is exempt from corporation tax on its charitable activities.
## **FUND ACCOUNTING**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Designated funds are unrestricted funds that the trustees have set aside for a specific purpose to fund particular future activities of the charity. This policy decision is agreed by the trustees and can be reviewed and amended at the discretion of the trustees. Currently, all designated funds are set aside for staff costs.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of a grant. Further explanations of the nature and purpose of each fund is included in the notes to the financial statements.
11
## **PHOENIX RISING**
## **(A Charitable Incorporated Organisation)**
## **2. INCOME FROM CHARITABLE ACTIVITIES**
|**Restricted Funds**
**GRANTS**
Jack Petchey Foundation
John Lyons Charity Main Grant
Sport England
The National Lottery Main Grant
City Bridge Trust|**Total Funds**
**2025**
**£**
1,900
50,000
-
80,000
2,800
**134,700**|**Total Funds**
**2024**
**£**
2,600
50,000
14,370
80,000
10,000
**156,970**|
|---|---|---|
## **3. CHARITABLE ACTIVITIES COSTS**
|Charitable Activities
**. DIRECT COSTS OF CHARITABLE ACTIVITIES**
Staff Costs
Rent
Volunteer Expenses
Travel Expenses
Charitable Activity Costs
**. SUPPORT COSTS**
Depreciation
Subscriptions
Consultancy Services
Payroll Costs
Accountancy Fees
Sundries|**Direct Costs**
**(see note 4)**
**£**
89,347
**89,347**
**Year End**
**2025**
**£**
43,735
24,283
5,342
635
15,351
**89,347**
**Year End**
**2025**
**£**
7,438
389
-
130
2,100
-
**10,056**|**Support**
**Costs**
**(see note 5)**
**£**
10,056
**10,056**
**Year End**
**2024**
**£**
44,344
4,042
4,221
2,788
16,072
**71,466**
**Year End**
**2024**
**£**
9,283
67
7,920
108
-
7
**17,385**|**Totals**
**£**
99,403
**99,403**|
|---|---|---|---|
## **4. DIRECT COSTS OF CHARITABLE ACTIVITIES**
## **5. SUPPORT COSTS**
12
**PHOENIX RISING**
## **(A Charitable Incorporated Organisation)**
## **6. TRUSTEES’ REMUNERATION AND BENEFITS**
No remuneration directly or indirectly out of the funds of the charity was paid or is payable for the year to any trustee or to any person or persons known to be connected with any of them.
## **TRUSTEES’ EXPENSES**
There were no trustees’ expenses paid for the year ended 31[st] January 2025 nor for the year ended 31[st] January 2024.
## **7. STAFF COSTS**
|Wages and Salaries
HMRC Tax and NI
Pension Costs|**Year End**
**2025**
**£**
31,047
7,488
5,200
**43,735**|**Year End**
**2024**
**£**
28,605
10,539
5,200
**44,344**|
|---|---|---|
The average monthly number of employees during the year was as follows:
||**Year End**|**Year End**|
|---|---|---|
||**2025**|**2024**|
||**£**|**£**|
|Staff|1|1|
No employees received emoluments in excess of £60,000
## **8. TANGIBLE FIXED ASSETS**
|**Cost**
As at 1 February 2024
Additions
**As at 31 January 2025**
**Depreciation**
As at 1 February 2024
Charge for the year
**As at 31 January 2025**
**Net book value**
As at 1 February 2024
**As at 31 January 2025**|**Musical**
**Instruments**
**£**
36,389
-
**36,389**
26,910
7,278
**34,188**
9,479
**2,201**|**Equipment**
**&**
**Accessories**
**£**
25,080
-
**25,080**
25,080
-
**25,080**
-
**-**|**Sporting**
**Equipment**
**£**
800
-
**800**
530
160
**690**
270
**110**|**Office**
**Equipment**
**£**
4,525
-
**4,525**
4,525
-
**4,525**
-
**-**|**Total**
**£**
66,794
-|
|---|---|---|---|---|---|
||||||**66,794**|
||||||57,045
7,438|
||||||**64,483**|
||||||9,749
**2,311**|
13
**PHOENIX RISING**
## **(A Charitable Incorporated Organisation)**
## **9. MOVEMENT IN FUNDS**
|**Unrestricted Funds**
General Fund
**Unrestricted Funds**
General Fund
**Restricted Funds**
General Fund
**Restricted Funds**
General Fund|**Balance as at**
**01/02/2024**
**Income**
**Expenditure**
**Transfers**
**Balance as at**
**31/01/2025**
**£**
**£**
**£**
**£**
**£**
53,240
12,604
(7,438)
-
58,406|
|---|---|
||**Balance as at**
**01/02/2023**
**Income**
**Expenditure**
**Transfers**
**Balance as at**
**31/01/2024**
**£**
**£**
**£**
**£**
**£**
55,415
7,108
(9,283)
-
53,240|
||**Balance as at**
**01/02/2024**
**Income**
**Expenditure**
**Transfers**
**Balance as at**
**31/01/2025**
**£**
**£**
**£**
**£**
**£**
168,678
134,700
(91,965)
-
211,413|
||**Balance as at**
**01/02/2023**
**Income**
**Expenditure**
**Transfers**
**Balance as at**
**31/01/2024**
**£**
**£**
**£**
**£**
**£**
91,276
156,970
(79,568)
-
168,678|
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31[st] January 2025.
14