REGISTERED CHARITY NUMBER: 1178032 Report of the Tru5ttts Unaudited rtnancial Slaiements for thc Year Ending 30 April 2025 Phab Lift CIO Brian P*uiigens Account#Nts Ltd 1007 IA*ndon Road Lti2h on Sc4 Essex S59 3JY Ph*b Lile CIO Conienls of the Financial St8lement5 for the Year Ending 30 April 25 Page Report of the Trustees l io? Independent F.J*miner'5 Report Statement of FiDv4ncial Aetivilie5 Balllnee Shee¢ Notes lo the Fin#nei#l.St&lements 6tolO Detalled Siaternent of Finan¢ial Activilies 1110 12 Pbab Life CIO Report of the Trustees for the Year Ended 30 April 202$ I'hL' InL$l¢¥￿ pKy¢ni IhLir rL'v￿rt with th¢ financial sthietnents of thl charii! for JO ilpril ?0?5. Th¥ In]%1¥e￿ hii %'¢ adop1¢￿ ihL provisions ol-Accouniani k¢tKbrting M. Chariii¥%- Sthicmlni of RLethmm¢ndLd Praciic appliiabli Lharili¢s preparing thLir &xount5 in aiiordanci i%iih the Financial RcrM)rtinE SiandaTd applicablL in Ihi UK R¢p¥hlic ofir¢land IFR810?I lelT¢rii¥¢ l Januan. ?0191. oKILcrii'ES AIYD ACTII'ITIES Objt¢tiies and aims I hL chariii. proi'i(JLS social ¢lub% and ouiings forour¢ll¢n￿ io help promoie confidcncc and I￿11￿ wci31 skills. Signifi¢#nt actLViti I'hl LhaTllI. ha5 5plil inio eni1iiL￿. Phab Ttading I.IriiIiL￿. coi'ering Ihc shop and rafc Irwjing acibi'ilics and I'hab l.if¢ CIO hich coiers S￿1￿1 gaihering and ou11n￿. Ph#b TrAdlthR Ltd Phab Tradin& l.ld 15 a ii'holl). o￿ned subsiduary. ofphab l.ifL CI() 15 rc5rrfJnsiblL for the dJi' lo dai wnning ofihL"l>hah (-afi' and IhL"Phab chariti'.shop" Publi¢ benefit ThL chariii. is saiisfied Ihai if5 o￿TrI1￿ *kqual¢ Ip¢ncfii 10 publi¢ rt9uircd. ACHIEVEIIIEIN'T AIYD PERFORMAf*CE Thl chariiv eoniinues io off¢r high qualiTh' l￿perien￿5 lo Ehc ￿nefICIaTie FINANCIAL REVIEIV Principal funding sotsrcts ThL charilN' Is PTilliip4i11% [UndL￿ bv income 8¢￿￿ted from Phab Trading Itd. t)on*ions and Fund Raisino. Other funds arl obiainid for capitsl or PTOj ai a le%LI or ruur months orKralin¥ c0%15 10 eTrSu￿ thL Charilv r¢main5 stable and i"iabl¢ forihc fuiurL. ThL Chari1% falls slighil¥' undcr Ihis ]L￿cl as dl th¥ ￿TIOd ermi Fynd5 in defiril I"hi Lliariitr inad¢ a d¢ficil in ihL I'LW due 10 4*nding on a large SO¢1￿ Irip for bcnL"fIciariL￿ in ih¥ and incre&qes in thV¢Th¢ads. ThL InJ$i¢￿ ar¢ c¥rtain ofplons in fulur¢ to CD5urc 10 TLxum io a su￿1￿$ rrtjsiiion. FUTURE PLAYS Aftcr IhL plriod Lnd Ihc chariD is Lonlinuing to look inio weniial ini'¢slm¢nL% arwj OP[￿￿￿711¢S lo help lis 'nificiaries. STRIICTIIRE. GOVERAliC.F. AND ￿lA%,AGE,%IElT Coverning do¢ument ThL Charii%' is cthntrolled b), its go%¥Yning a dttd of aThl conslllijits ali uiiincoTP)fdicd ¢hwii%'. REFFRENCE,IP4D ADIllllilSTRATIVE DETAILS Rt%É5tered Charitv number5 178032 Prin¢ipxl addr¢55 SL'¥in Oaks NapiLr Road Page I Phab Life CIO Report of ihe Trustees for ¢ht Year F.nd¢d 30 April 2025 Truste¢5 Mr5 J Drewer Trusiee Ms R Seomore Truslee Mrs S Howarth TThst¢e Ms V Neupauer Tms1¢¢ Mr C Hoivanh Tnjsiee Mr P Cunningham TruS￿e Independent Examiner Brian Nuugens Accountants Ltd 1007 l.ondon Road LLi¥h on Sea Essex SS9 3JY Approved by order of the trrf)ard of mjsitts on and signed on its behalf by . Mrs J Drewer- Trustee Pag¢ 2 Independent Examiner's Rep•rf io the Trustees of Phab Life CIO Independent examiner'5 rtport to the trusttt5 of Phab Life CIO I rLPOrt io charii!. IruNILxs on mi. LxaminaiivD of Ihe accDuni% ()f Phab l.ifc Cl() lihe'l'rn￿i ror thL )"¥w ¢nded 30 April 25. Rtspon5ibilities ind bgsÉs of rtport A% Ihc chariiN' Irusltts ofihi Tn1￿ ar¥ T¥s￿nsible for ihe preparation ofihe accounts in accord3nce Miih Ihl uirimlnis ol-lhi chariti￿ ACE 2UI I I'ihe ALI'I I rLw)rt in ri5PLLI Of m%. ¢iaminaiion ofthi I'ru4'% 3riounls carTiuI out un(k.r %LXIi(￿ 14$ of Ihc Aci and in cam"iTrg oui ni% ixaminaiion I hai¥ lolloi%cd all applicable l)iryriions giiien b)" IhL Chariti Lomtnission under S¢ciiots 1451SMbi or IhE ALI. Independent tx#minEr'5 statement I h41I'i LomplL4Ld tn!. INatninaiion. I confimi ihat no nwcrial m￿lerS hait comc lo mi. att¢MlioD in connection with ihc ciaminatiort giY¥ng mc cau￿ io bclie¥i ihat in an). rtwicrial respeil.. Lxouniiag rLLords Mer¢ ni)1 k¢pi in rlwi of ik. Tn1￿ r¢qvir¢￿ M. 130 of Aci.. or Ihl account% do nul arcord M"iih iho* TLYord%- ITrT Ihc aLcouni% dv nol rornpl!. ii.iih Ihe applrcobli rc9ulrc￿nIS ronceming the fomi and conleni ofaccounis SL4 Out in IhL' LhariiiLS (Accounis R¢trt)nsl RLT4Jlaiions ?OOX oiher ihan ani rl¥￿Irl.m￿￿l Ehai ih¥ accounts gill a Irui and fair %i¢ii i%hich is noi a maiicrcortsiderd a5 pan oran e.KaMIT￿t10n. I htt￿¢ no concirns and havL comL' actO55 no rth¢r rnoll¢rn in conneaim *"iih Ihc clamin￿l0￿ 10 iihich aiteniion should bc drni4"n in ihis report in ordLf lo ￿able a prow understanding orth¢ io ￿ Tedchcd. Ilrian N1utlg¢ns fccA 'Ihi Associaiton (Ff LhJrt¢rd Clrtilied Aceountsn Briart Nutig¢ns Account￿ts Lid 1007 London Road l.Ligh on SLa SS9 3JY Phab Life CIO Stalemenl of Finaneial Actti'ities for the Year Ended 30 April 2025 30.4.?4 Tolal nds Unrestrici¢d nd Restricied Toial funds Notes INCOME AND ENI)OWMENTS FROM Donations and legacies ?1596 21596 38?81 Charitable Acti￿ltieS Core experience activiiies Oihcr trydding a¢livies Investment income Total ty1596 21596 EXPENDITURF. ON Raising f￿rtd5 15852 15852 Charilable actiiities Corc experience activities 13196 13196 6531 Total ?9￿7 79047 NET INCOMEI{EXPEf4DITURE) Transfers between funds -7451 -7451 -3789 Net movement in funds 13 -7451 -7451 -3789 RF.CONI4CILIATION OF FUNDS Total funds bToughi fon%ard 88979 88979 9?768 TOTAL FUNDS CARRIED FORWARD $15?8 815?8 88979 The note5 foryn part of these financial slatements Page 4 Phab Life CIO Bgl¥n¢e Shee¢ 30 April 202$ 30.4.25 Tolal funds Unrestricted fund Remricied fijnds Total fvnds Noies FIXED ASSF.TS l angyible a55els Invesiinenis 9781 100 9781 100 12226 100 9881 9881 CURRF.NT ASSETS Debior5 Cash at bank and in hand 10 3363 107471 3363 107471 1500 99498 1108)4 110834 100998 CREDITORS Amounis fallin8 due within one year 7944 7944 NET CURRENT ASSETS 42890 4?890 76653 TOTAL ASSETS LESS CURRF.NT LIABILITIES 5?771 5?771 88979 NET ASSETS 5?771 5?771 88979 FUNDS Uiiresiricied funds Resiricied funds= 15 52771 88979 TOTAL FUNDS 5?771 88979 The financial siatements were approved by ihe Board of TTU5tees and auihorised for issue on and were Signed on its behalf by= J Dre￿.er- Trustee Tec notes forni part of ihese financial statements Page 5 Phab Life CIO ]Yotes to the Finxncial Statements for the Year Ended 30 April 2025 I ACCOUNTING POLICIES Ba515 of preparing the fin8ncial stateme#ts The financial statement5 of ihe charity. ￿hiCh is a public benefit entity under FRS 10? hawe been prepared in accordance with Ihe Ch(Irilies SORP IfRS I O?)'Accouniin? and Roponing bl. Chariiies: Statcment of Recomniended Praciice applicabl¢ io chariiiLS preparbn(F ih¢ir accounis in accordance i￿1[h tlic Financial Reponing Standard applicabl¢ in ihe UK and Republi¢ of Ireland IFRS 10?) (eifecliv¢ l January 2019).. Financial R¢poning Siandard l O?'Th¢ Financial Rew)nin? Siandard applicable in Ihe UK and Republic of Ireland. and ihe Charities A¢1 ?01 l. The financial 5tat¢rn¢nts havc prepared under th¢ hislorical cost convention. wilh the exception of investments ￿'hICh are included al mark¢i value. Income All income is re¢ognis¢d in ihe Siaiement of Financial Aciiviiies once the charity ha5 entLtlem¢nt lo ihe funds. it is probable that ihe I￿orne will be received and th¢ arnount can be measured reliably. Expenditurt Liabiliiies are recognised as e¥pendiivre as soon a5 there 15 a legal or consiruciive oblioation committing ihe tharity. to that ¢xp¢ndiiure. 11 is probable thai a Irdnsfer of economic benefit5 I%"ill be requiTLII in seiilemeni and the amount of the obligaiion can be measured reliably. Expendiiure is aecountcd for on an accruals basis and has bcen cla55ified under headings that aggregate all cost relaied io the caie¥ory. Where cosis cannot be direcil), aiiribuied io particular headings they have been allocaied io a¢iivili¢s on a basis consisieni wilh (he use of rcsources. Tangible fixed #sstts Depfeciatloll 15 provid¢d al the following annual rntes in order to MTiie off each &ssei over its estimaied useful Plant and Machinery Fixtures and fittings Cornpuier equipment ?(P/• on reducing balance. 2￿*,• on reducing balance. 21P/o on reducing batance. Txx8tion Thc charity is exempi froTll t&K on its ¢hariiable aciivilies. Fund aeeounting Unreslrictcd funds can be used in accordance with the charitoble objeciives ai the discretion of the irusiees. Re51ri¢tcd fund5 can only be used for particular r¢siricied purposes wiihin the objecis ofcharity. Restricrions arise whLn 5p¢oified by ihe donor or w'h¢ll fund5 are rdised for particular rcsiricied purposes. Further explanation of ihe nalure and purpose of each fijnd is included in the notes to ihe financial stalemenls. Pension costs and other pos1-re¢iremeot benefit$ The chariiy opcrdt¢5 a defined conrribution p¢nsion scheme. Conlributions payable io the chariry's pension 5cherne are charged io the s￿e[n¢￿t of Financial A¢tivities in Ihe peri(Kl to Thhich ihe>' relate. Page 6 Phab Life CIO Notes to the Financial Siatemenl$- eontinued ror ihe Year Ended 30 April 2025 2 OTHER TRADIYI G ACTIVITIES 30.4.25 iO.4.24 ManagemeDI recharges 3 INVESTMENT INCOME 30.4.?4 Deposii account inleresl 4 TRUSTEES. REMUNERATION AND BENEFITS 30.4.24 Tru51ee' salari¢s Trustees. social security. Trusiees, pensions paid 3751 9480 9480 The irnsiees salaries above consisi of pa)rynenls to Elizaith Kaye of£3751 The salaries are in r¢laiion ro role5 perfomied a5 operntional managels of Ihe café and shop. The Trustee's sought p¢rmission from Charity Commissioners in relaiion to ihese appoinimenis. Trustees. Expenses There wer¢ rto trustees, expenses paid for ihe }'ear ended 30 April ?0?5 nor for the )'ear ended 30 April ?024 S STAFF COSTS The average monthly number of emplovtts during the year was as folloms: 30.4.25 30.4.24 Sia No employtts received emoluments in exc¢s5 of £60.0(KI. Page 7 Phab Life CIO Notes to the Financigl Ststements- tontinued for tbe Year ElldiDg 30 April 2025 6 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVIESJO April 2024 Unr¢strided rund Restrict¢d funds Total funds INCOME AND ENDOWMENTS FORM Donaiions and le£aci¢s Charitable activities Core expcriLn¢e activitie5 Oiher tradrno activiti¢s Inve5tmeni income Total i8281 EXPENDITURE ON Raising funds 35539 35539 Charitable aetiiilies Other trydding aciivities 6531 6531 Total 4?070 4?070 NET INCOM EI(EXPENDITURE) Trall5fers be¢ween funds -3789 -3789 Ne¢ movement in funds -3789 -3789 RECONCILIATION OF FUNDS Total fund5 brought foThi'ard 9?768 92768 TOTAL FUNDS CARRIED FORWARD 88979 88979 Page 8 Pbab Life CIO Note5 to the Frnancial Statements- continued for the Year Ended 30 April 2025 7 TAIYC.IBI.F. FIXED ASSETS Fixiures and Plant and Machincry Compuier quipmcni Totals COST At l May ?024 Addition5 16022 8964 25886 At 30 April ?075 160?? 8964 ?5886 DEPRF.CIATIOYI At l Ma). ?0)4 Char8e for )'ear 247 743 407 13660 1603 AI 30 April ?0?5 506 16105 NET BOO1¥ IIALUE At 30 plpril ?0?4 At.10 April 20?4 6413 8016 2974 394 49_1 9781 l ???6 8 FIXED ASSET IIYVEsfiMEN'TS Unlisied ini'estments ARKET VALIIE Ai l May ?0?4 Addiiions 100 NET BOOK I'LtlUE AI 30 April 2025 At 30 April ?024 There were no inv¢simeni assets outside the UK. I'he ab)Tre shares are investmethi in ihe irdding subsidiary Phab Trading Limited a wholly subsidiary. of the charity. 9 STOCKS 30.4.?S Page 9 Pbab Life CIO Notes to the Financial Statements- eontinucd for ihe Year Ended 30 April 202$ 10 DEBTORS: A￿loUrITs FALLINI G DUE WATHIIN OINE )'EAR Subsidiary Pa)'roll and VA T Prepaymenis and accrued incom¢ 1863 i£oo .1.163 1500 1500 I I CREDITORS: AMouf*TS F.4LLING DLE ￿,]THIN ONE YEAR 30.4.?4 Trade Crediiors Taxation and social securiiy Other creditors Subsidiary 188 1348 22809 ?4j45 1968 68976 67944 12 LEASING AGREEIMEP*'TS MiTbiTnum lease payments under non-¢an¢ellabl¢ operdlino le&scs fall due as follows: 30.4.?.S 30.4.?4 Iviihin one vear B¢Thveen one and five years The Phab Chariiy Shop is undcr a le￿ uniil ?8ih June 20?5 ￿Eth no break clause. The Phab Café is under a lease until ?nd N'ovember ?0?9 with a b￿a￿ clause on 3rd November 2026 13 mOvE￿IEl￿T IN FUNDS All funds are used or held for th¢ e%'¢nts and experience ofits b¢n¢ifJ¢iaries.Along ivith ihe day io day running of Iht ¢haril)'. 14 RELATED PARTY DISCLOSLIRES There w¢re no related party iran5aciions for the year ¢nded 30 April ?0? IS iIN'REsfRicfED FllIYDS L'nreslrieied funds are madc up of lh¢ folkn4ing 30.4.?5 30.4.24 Unresirieied Funds D¢signaied Funds 11979 77000 88979 4?771 5?771 Designi¢td Funds Of ihc total fund5 held ai )'ear end. £52771 has been designated b). Ihe Trusie¢s (or future Mraiegic developmenl including the creaiion of additional tommunity cafes and the delii'ery of a SUp￿rted housing project for )'oung Rdults with addbtional needs. These funds have been raised through grants and P￿blIC fundrdising specifically intendcd which continue to operate a break ev¢n or small loss b#sis. This d¢sigrtation reflerts our long iemi mission and d(es not ri)nsiituie unr¢5tricied reserves available for core expenditure. Page 10 Phab Life CIO Detailed Slatement of Financial Actii'ie5 for the Year Ended 30 April 202$ 30.4.25 30.4.24 INCOME AND ENDOWMENTS Donations #nd legacies Fundraising Income GranÈs Donations and legacies received i417 14350 4780 14?lj 38281 Oihcr trading actiiili¢s Manaocmoni rechargLs In%'estment income Depogit account iniere51 Charitable 4cti%ities Project activit%. monies Grants Tolal ineome rt50urces 21596 38281 EXPENDITURE Raisin%F donations and legacies Trusiees. salarie5 Trustees, social securiTh' Trusiees. pension5 paid WagTe5 PLnsions Fundrnising Expenses 3751 9480 70?0 14838 ?4318 Oiher tradinR activie5 FIou5ing Café Consumables Advertising Subscripiions Repairs & Renewa15 Travelling Cleaning i48 52 389 25 6844 CiiTried forward 1984 6869 This pag¢ docs not fomi part of ihc Siatutory financial slalements Page 11 Phab Life CIO Delailed Stgtement of Financial A¢tii-ies ror the Year Ended 30 April 2025 30.4.24 Other Irading aetii'ities BrouLJhi foThvard Rcnt and Raies Insurance Tclcphone Posi and stationary Card charges Plant dnd ma¢hinery- Depricaiion Fi.xiure5 and fittings- D¢pricaiion Computer equipmen(- Depritation Closing stock 1984 369 ?30 6869 307 643 i2 165 179 2005 930 123 1603 743 I i??0 Charitable acti%'ities Trainin Social and reward evenis Entenainment (Bu5ine5s) 43 63 3156 1 ?575 3341 Supw>rt costs Finance Pension charge 1?6 Goi'ernance eosts Accountancy and legal fees 6?1 3065 Toial resources expended 42070 N¢t IExpendilure)lincome -7451 -3789 This page does not forni part of the slalulory financial siaiemenis Page 12