REGISTERED CIIARITY PiL1118ER: 1178032 Rtpori of iht Tru%ltL% #nd Unadi1cd Fin#n¢ial Slil¢ment5 for iht Year F.TrdinR 30 April 2024 for Ph#b l.i(c C.10 Brian isuiigens Attounl4nts Lid 11)07 London Road Lei%h %ea 9 3J)'
Phab Lifc CIO Conten15 of the Finaneial St8temcn ror ihf Y¢ar F.ndingJO April 24 Pagc R¢por¢ of ihe Tru51ces Independent Ex¥miD¢rfs R¢port SIHiemeoi of Fioan¢i¥l Aclii'ilie Balanct Sh¢ei r*oies io lh¢ Fin#n¢ial SIAiemenls 610 10 D¢ialled Stalemeni of Financial Acii%'hiit5
PhAh Lile CIO Report of ihc Trus1¢¢ ror the Ytar Ended 30 April 20Z4 TIK. pr¥Yni Ib¥iT iiiih ih. finM¢ial 4laLLYIILm1%45fih¥' ilkiriii t. lY.4Nil !0)4. Ih¢ Irus1ij% hJie adOp1L ihi pfoiiiiofb5 01-oUn1t and li¥rn)ninb bl L'harillL.. Nlalimini nfRLXiiniil1iiiJiJ 11 JppliiahlL 10 ¢hariiit5 pfipariiib ihi'if in lIh ihi I-inalJI XLYmintni %iJndarJ dppli¥ablL in ihi OBJECTII'ES AND ACTII.'ITIES Objtttlle5 #nd Aims IhL iharii% proiide% oti&l clubs Jnd oulioy fi¥ iluf iljLyll. Lii -1P pThim&il% huild %1121 4k¢ll.. Si8nifi¢ni arlii'ltles hL' Ihii rii¥ hi% splii inio IMO eniiii¥> VhaiF Tr>Jino Limii¢J. ¥Lii¥fiDk I. trlt a¢iiiiii&S Jnd ljhgh l.ifK C-11 hich s1] ga¢h4riiis oulinb.. PublSc benofit ACHIEI'EIIENI T AN'D PERFORIIANCF ¥liarili coniinu¢i io oll¢r kni8h quJlii% LrKYi¢MY% IiTr LIK" knK'li¥iariL Principal fynding 50urce5 ilijrill 1% PrilliiJNill% fundcd h in¢omc geo4r¥t¢J lti)m INU10$ JnJ Fund Rai%itt¥_ rundi obthinthl lori?pitsl or pN)j¥Yt luthjint from oroni priiij&"lJ fUJr•%Ig k1ili¥ Restnts policv lor nLII I)PPLinunliL& ihLts ariK. Th¢ l-ru%li¥ rh¢rili>Tj ihiir riXY%%% PTIiLTr iiiainthiniD¥ monEh5 I)rting COSINILI ¢rt%uri lh¢ Ihariii- remaj115 %iabli aD¢J iiabli for IhL fuiuri. I1 ('harili till% lighili undKr ihi li%¥1 31 Ik" p4ri(KY Lnd Fund5 in dtfitil I'lii iliarii% m&J¢ J th.fi¢ii in lh¥ !¢ardu¢ 10 %pLryrtding J lJrgL irip 14)r 111JrIL in iniYKaSL' ThL ifLL%ILX'S ar¢ C&inaiD ofplans in 10 ILI tL'iUrn io a >UTpIu 1410. FI'.TI,'RE PLA%1 S 1lft4r ihe PL.ri ¢nd thi Lthariii is ¢oniinuin¥ snio ini¥imci)1s opryTrnuniii¥sio hL'Ip il STRI',C.TVRE. f.Ol'ERA%CE A%'D %IASAGEII?.NT COb'trninE dotumeni R£FTr.RE%C E ANI D AD.IllINISTKITIN'E DETAII.S RtgiSt¢rtd Ch•riti' number5 1178111 PrinripAI Addr N*lP¢ir Road 6XIIII
Phab Life CIC) Rcport of the Truslees ror the Year F.DdLxI 30 April 2024 Trusl¢es rs J DreM"¢r Trus1¢¢ Ms R Seomork Trnsice Irs S Hoii?rth Tmsice Ms V Neupau¢r Tru51ee Mr C Eloiiarth Trv51eL Mr P CuftninRham Trusiee Independent Examiner Brian Nullgens Accountanis Lid 1007 London Road L¢i¥ih on Sea SS9 3JY Approved bv order of th( board ol-Iru51¢LS IMI S and sisned on lis t"haIr b% i rs J Dreer- TnJs*e
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Phab Lift CIO Staiemenl of Financi#l Aclil'ilies for ihe YrAr Ended 30 April 2024 Uiirt51riclid lund iLslriciid rund lunds 1?4COME Ary4D EI4DOWMEIYTS FROII (Jooaiions and leLaciLS j8?81 j8781 ji070 Chariiablc Aclii'ilie5 Pliab Shop Phab L4if Cort experienc¢ a¢iiviiies 8000 7786 Oihir irading a¢tii'i¢s Ini'esimL'ni incom¢ 1 ?4650 Total j8?81 17j5l? FXPEPIDITURE Oh, Rai5inv funds 35538 j15 j8 1.$79$9 ChAriiabl¢ xeii%'iiies Phab Shop Phab CafL Cor¢ LKperientt aciiviiies 6Sjl ?0006 Tolal 4?070 4?070 17796q F.T IP'COMI EIIEXPENDITUREI I'rnn%fLTS b¢iwten funds -3789 Nei mol'emenl irt funds -j784) -i789 -445:, RECONCILIATION OF FUIYDS Toiiryl funds broughi for%I71d 9?768 9?768 97??1 TOTAL FUPDSCARRIED FORII'ARD 88979 88979 9!768 Thc noli fomi pan ofihisl. financial siaiLlliLIIIs PaLie 4
Ph#b Lif¢ CIO B#lancc Shcel 30..Ipril 2024 UnrLsiri¢t&YI fund R4siricicd runds "rotal runds Toial rund5 N'oics FIXED ASSETS TanLTibli gsseis In%'cstmint5 l*??6 14?84 100 1?3?6 l Sj84 CURRF.NT ASSETS l)¢bior5 Cash ai bank and in hand 10 i%oo 99498 1993 9879i 9941J8 l(Kl998 IQ0998 101786 CREDITORS Amounis falling due 1th1n on¢ %Lar -4i10I IYF.T CURRENT ASSETS 47896 47890 77384 TOTAL ASSETS LESS CURRENT LIABILITIES 60??• NET ASSETS 6(I7?? 607?! FUYI DS Unre51ricied funds Resiri¢iLd fund5'. E%sL'X Communiw Foundaiion 13 88868 i900 TOTAL FUNDS 60??? The linancial siaiements ii'ere appro%Yd . the Brd of Twsie¥S ar auihoris¢d for ISSUC OD Q % and M'ere signed on ils behalf b)= Is J Dr¢M¢r- Tru51¢¢ Tcc noics forn) part ofilii'se financial staleniLllis
Phab Life CIO i Ot¢s io ibe Finaneial Slalements for ihe Year F.ndcd JO.4pril 2024 I ACCOUNTlTrG POLICIES Bosis of preparing lh¢ fin8ne14l 518tem¢nis The finantial stsiemtnls ofihe charli%. hICh is a publi¢ b¢nL'fii LllliN unilcr FR% IO• haic .en prLpared in accordance ii'iih the Charilies SORP IFKS I0)I'AccouniinT and ReponinL M. Chariti45: %iaiLmcni of Recommcnded PrdCliC¢ applicable io ¢haTiliiS pf4'parinL Ih¥Lr accounis Lll acco¥danct i%iili lh¥ FinaThcial RLporling Standard applicablK in (hL UK and RLpubli¢ of Iriland IFRS IU?) ILftLYIi¥'L l Januarn. ?0191'. Financial RLPOrtin¥ Standard 10?'The Financial R¢poninL siandard appltcablc in lh¥ UK an(J R¢public of Ir¢land' and ihi ChariiiLS Aci ?01 l. The linancial 51alcnienis hai'L bLLlI pfiTr1fid undLr Ih¥111s101ical ¢vsi coiii'ention. ii'iih ihL' e¥reNton of in%'trink'n15 uhi¢h ari ill¢ludL'd i niark'LiI I'alut. Income All incomc is Trfognised th¢ SthiLinciii or FTrndnrial Acii%'iiie5 onci ihe chttrbll- has LllliilL'nieni 10 Ihc fund5. il 15 probable ihai ihc incon)¢ 111 be r¢¢ii%'Ld and ihL amouni can b¢. ML .7sufid riliabli. F.Ipenditure Liabiliiies are recognised as C.ildlire a5 soon as iherL is a leqal OT C0Th5truciii'¢ obliLaiion comn)iiiin4 Ilie charit}. io thai eiP¥ndiiure. il is probablL ihai a Iransflr of LYCffiOrniC .MtiL5 14 ill b¢ riquifkd in 5iiiilen)Lni an IhL amouni of Ihe obli8aiion . mLa5ufid riliabl!.. F.XPittdiiure 15 acconIE'd lor on an JciruJls basi% lind has ¢n classified under h¢adknLiS ihai a&oregaiL all cosi rn.laied io ihL' caieLlUTh. Il'lieiL COSIS cannnl bi dirccil aiiribuied io particular headings lh. hail. IKYn allocaiLd io acii%'iiies on a basis consisiLni iliih ihe use of r¢sources. Tangible fixed 855tls DLpr¢cio1ion is provided oi ihc folloMin¥D Wbnual rates in order io i¥riie off iach as'101'ir lis e%iimaiLd usefvl Vlani and fvlachinLry Fixiures alld fiuinEs Compui¢r Lyuipm4'ni .• lyn rLducing balance. ?O.ty on rLYlucinL balanci. 7.• on fLducino balaD¢L. Ta*8tion ThL? tharii). 15 elempi from lax on lis ¢hariiable actiiili¥'s. Fund a£couD¢ing 'nr¢siricied funds Can be in accordanrc Miih t. chariiabk objectii' ai ihe discr¥?ILon o(Ihe IrusiLxs. Ri51ficTcd fund5 can onh, be used for parttcular r¢siri¢ied wrpDsLS wiihin lh¢ objttis of charii!.. Rcsiriciions aTise wlien spLYifi&d bN lh¥ donor or h¥'n lunds ai4 iaisk'd for particular rislricli'd PUT. Furth¢r explanaiion ofihe naiur¢ and purpoS¥' of each fu¢KI is includLd in Ihe io Ihe firyJnEial 51aiemenis. Pensson costs and oiher posi-rciircment benefits 'I'h¥ charii!. OPLfJ4¢s a defined coniribulion pension schime. Coniribuiion5 Pa!"diblL io ihL ¢knTiI!'5 schenie arl charged io the Siaienicni of Financial IKciiiiiic5 in I. ](J io i%hich thcl. r¢lLiI¥.
Phab Lifc CIO No¢e5 10 ih¢ Financial Siaifmtnls- conlinucd ror thc I'car Ended 30 April 2024 2 OTHER TRADifG ACTIVITIES Shop incomi Cafi In¢oiii¢ Mananeni¥ni rechargL ?3109 59718 1 ?46£0 3 IP4VE5TMEPqT IYI COME 30.4.?4 DLPOSii accouni ini¢re5t 4 TRUSTEES. REMUNERATION AN'D BF.%EFITS -10.4.?" Tru51eL' salaries TrusiLcs' s¢xiJl 5ecurii> Tru514es' pensions paid 9480 ? j49) 94? 1)48U ?5176 Th¥ irusiees salarie5 abotre consis1 ofpaim¢n15 10 Mi % tkn.W¥r of £101 1 ?.96. The 5alari¢s are in relaiion io roles perfomi¢d Ls opernional managers ofihc cafe and shop. The Twsice's Sou1 permission from ChariTh. commissioni in relalion io Ihcsl aFvoinirn&nis. Trusfets. Eypensos There i%ere no In]sttts' ¢xpenses paid for th¢ %"¢2r endl io April ?0ty4 rkor for Ihe i'¥df 30 klpril ?0" S STAFF COSTS Mie averase monihl). numberof emplw'LXS durin¥? Ihe Near "aS as follm%s= iO.4.?4 30.4.?3 Siaff cmplo)"e¢s rertived ¢moluments in ixcess of £60.(W. PaoL 7
Phgb Life Cl() Note5 to ihe Financial 514l¢men15- conlinued ror ihe Ycar F.n(Sin2 30 April 2024 6 COMPARATIVF.S FOR THE STATFMF%I T OF FI%A%I CIAL ACTIVIF.$ 30 April •023 Unriric1{d lund RLsiri£tLd funds INCOIME AIYD ENDOW%1 IEliTS FORI%1 Donaiions and legaci¢s 3i070 Ji070 ChAritable aclii'ities Phab Shop Phab Café 8000 8000 7786 Core eirIence aciiviiies 7786 Oiher trading a¢iiviii¢s Ini'csimeni in¢om¢ 1 ?4650 1 46iO Totgl 16$41? 800 EXPF.TriDITURE ONI Fiaising funds 157959 157959 Charilabl¢ aclil'iti Phab Shop Phab Cafe Oiher trading aciivilie% ?0006 Totgl 17796 1779(?4 ET IYI COMF.I(EXPF.NDITURF.) Trgn5fers be¢een funds -1?4jj 4100 sooo 4100 445 j I '¢1 moi'¢men¢ in funds -8 j43 4413 RECONCILIATIONI OF FUNDS Totsl futlds broughi f0Th%7rd 97??1 97171 TOTAL FUNDS CARRIED FOKM'ARD 88868 9)768 Pagc 8
Phab l.ife CIO 'otes io Ihe Finaneial 513temen(s- conlinued for th¢ Year Ended 30 April 2024 7 T.4%GIBLE FIXED.ISSETS Fbxiures and rillines Planl and larhinLf4 fonipuiLY equIpmL1 COST 8964 Addiiiofbs Ill IO Ilpril ?074 160?? 8964 74886 DEPRECIATIO Ai I kla>- ?0?./ CharsL for )tar 1060? 1048 !00 9.10 Al .10 April ?074 81)06 407 F.T BOOK 11.ILIIE tII .70 ilpril ?0?4 .-It JO April 7073 016 491 l ??76 4()47 616 84 8 FI.XED ASSF.T 1P41'F.ST1ETs IIARKET VIILLIE i(Jo Addiiions 100 F.T BOOK I'LAI',E Ill JO rlpTiI ?0?4 Ai io April ?0•", 100 I hL're iiert no inirsimcni assets OU15id¢ ih¢ UK. Th¢ alK)%e shares are iniesiment in the IradinE 5ubsidiaTh PhJb Trading Limii¢d a Mholli oi%nLd subsidiar¥ ofthe chariTh. 9 srocKs
Phab Life CIO Notes 10 the Financial StAlcmeftls- ¢ovtinucd for the Year F.ndcd 30 .4pril 2024 10 DFBTORS: AMoufTS FALLIPIG DUE IVITHl%I ONF. YEAR Subsidiar%' PrLpa}mLnts and accrued in¢om¢ 1500 1500 I I CREDITORS: AMOUNTS FALLIPIG DUE M'ITHIN ONE YEAR 'rradL Crediiors Taxation and Social stturii) Oihcr credito Subsidiary 188 li48 i79 12 LEASING AGREEMENTS Minimum lease paymenis under noaellablc op¢rinE l¢asL'5 fall du¥. folloii's.. iO.4.?4 Kl'iihirk one %Lar Beii%¥Yn onc ond fil'e >"ears 19000 The Phab Chafitv Shop is a lease vniil ?8ih June ?0?5 '11h no bft'ak cliuse. I'hL Phab Cafe is undtr a lease until ?nd Xtoi'imtrK'r ?079 lih a br&'ak clau on ird X'oi'imbcr ?0?6 13 ftrlOVEMI ENT If* FUYI DS All fund5 are used or held for the e%'enis and Lipcriknce of lis Ik'neificiaTi¢S.AIonbT m.iih ihe dal. io d#>. ruThning of ihe charity. 14 RELATEI) PARTY DISCLOSURFS There were no relaied party iransJ¢iions for Th¢ )ear ertdeil io Affil ?0)4. PaeL 10
Phab Life CIO Detailed Stitement of Financial ACtIleS for the Year Ended 30 April 2024 30.4 ?4 30.4.23 INCOME AND ENDOWMENTS Donations and legacies Fundraising Income Grants Donation5 and legacies receii'ed 19?88 4780 14?13 38?81 7191 3938 3i070 Oih¢r tr8ding aetivilies Shop inconie Cafo income Mana¥ement recharges ?8109 59718 365?3 1 ?46iO Ini'estment income Dep051t account iniercsl Charitable #ctiTr'ities Proje¢1 activiiy monies Grants 7786 8000 15786 Total income re50urfes j8?81 17351? EXPENDITURE Raising donaiions and legacies TTU5tee5' 5alarÈes TTV51ee5' Social securirv Truste¢s' Pe115ions paid 9480 ?3492 74? 57?58 718 4955 88107 Pensions Fundraising Expenses 148i8 ?4)18 Other trading activies Opening siock Café Consumables Computer Expense5 Wasie Dispoals SubscriptioThs Uniforni RLpair5 & Renewals Travelling Cleaning li40 ?7658 1869 278? 1040 107 5054 ?5 6844 Carried forward 6869 41312 This page d(*s not forni pan of the staiutory, financial sthiements Page I
Ph4b l.ife CIO Delailed Siatemenl of Financial A¢iii'ies for the YwJr Lndcd 30 April 2024 iO.4.?4 Othcr trading a¢iii'ili¢s roubTrhi for%%ard Reni and Rai¢$ In5uraiirc Liohi and 14¢ai TIlLphone Posi and siaiionary. Card charL?e5 Plarti and machineN_ Lkpricaiion friiiures and fiiiings. D¢pricaTion Coinpuierequipmeni- Depricaiion Closin) siock 6869 i07 64) •401 16$ 179 ?1 J) 40 698$? Charitable #tti%'i(ies Trainin Social Jnd rewird evtnTS Gitis Eni¢nainmeni (Business) 43 671 1640Y 31$6 17106 Support ¢0s1s Fin8nrt Pension charge i?b Gosern#nte c05t5 Accounianc>' and legal f¢¢5 1900 Total resour¢¢s c¥pended 4?070 177965 Nei {E¥penditureVincome -i789 -44Sj This page does noi form pan of ihe siaiuion financial slat¢mLnis Pagc I