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2024-03-31-accounts

The Phoenix Garden CIO Annual Report 2023 - 2024

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The Phoenix Garden
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CHAIR OF TRUSTEES REPORT

It is pleasure to report on this successful year at Phoenix Garden, and to document, finally, the transfer of the garden lease and building from the old charity to the new Community Interest Company registered with the Charity Commission. Financially, whilst income was less this year than last the Garden has a robust outlook in the coming year. With a reserve fund retained for emergencies and unrestricted funds to improve and enhance the Garden for our users the long-term future looks, well, rosy.

The Board will continue to ensure a focus remains on funding streams and community activities, with an average sunny weekend bringing in as many as 1000 visitors, exploring the many nooks and crannies of the garden. Creating specific areas of interest according to the levels of light and shade.

However, there is one very dark shadow looming, literally, as the Garden continues to gain support against the devastating planning proposal for the adjacent Odeon Cinema – potentially removing 50% of our sunlight as it goes up 7 floors. This unique oasis, the last of the seven gardens from the 1970’s across Covent Garden is at threat, and we will need all the help we can

get to save the loss of daylight, habitat and the eco-system that provides a small, but precious oasis in the hurly burly of London.

Our continued appreciation goes to the London Borough of Camden-CDA Bid match funding this year, Camden Giving and the National Lottery Community Fund. We thank FilmFixer, Periscope Landscape, Robert McCracken and Michael Hadi for their steadfast support. We could not open the garden without this support.

Thanks are due to Spencer Noll, and the many volunteers helping out at the garden. With corporate volunteer days attracting a 160 strong work-force, much has been achieved in the garden over the course of the year, and under Louise Gates’ dedicated leadership.

In partnership with Dragon Hall & Seven Dials Club, many celebratory events took place including International Women’s Day and Mother’s Day, and with families coming together for Easter events. In addition to weekend events, our regular weekly activities continued to foster strong community connections.

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Trustees
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Throughout the year, the Garden offered a variety of programmes designed to engage, support, and enrich the lives of local residents, ensuring there was something for everyone. The Back to Nature group, which is open to everyone aged 55+ and free to attend, is now in its third year and remains a popular program for older adults, providing a space for social interaction, indoor and outdoor activities, and connection with nature.

Whilst the proposed Cinema development continues to threaten the garden and its activities, we remain committed to expanding our gardening and community activities in the coming year providing a safe, vibrant, open space for people to enjoy.

During the period April 2023 to March 2024 Phoenix Garden CIO had the following as named Trustees:

The garden continues to attract an endless stream of visitors come rain or shine. On sunny weekends we can have as many as 1000 visitors exploring the different nooks and crannies within the garden. We have created specific areas of interest according to levels of sunlight and shade. The orchard end supports a variety of fruiting trees and plants such as apples, figs, gooseberries and strawberries as well as herbs and vegetables. The walnut tree towers above everything else in the garden producing hundreds of nuts in the late summer. Our visitors are amazed that they can find a garden in central London where they can collect nuts to eat.

After nesting season, we will be severing the massive ivy which is has grown so dense along the trunk and branches that it prevents us from being able to observe the health of the tree. Any of the larger branches we remove that are too big for the shredder are added to the log piles in the fern beds where they become home or a food source to hundreds of species, including mosses, lichens, fungi, beetles, flies, hoverflies, spiders, moths and bees.

With the energy and enthusiasm of our volunteers, we’ve created a new bed near the entrance to the garden beneath the canopy of the ornamental pear. Over many hours and days, we cleared broken bricks, concrete and stone to create a central planting area edged with reclaimed bricks. We added topsoil and planted a red themed bed using canna lily (Tropicanna Black), heuchera (Fire Chief), dark leaved dahlias and Corylus avellana (Red Majestic). Surrounding this, we used all the debris to create a path with larger granite stones for seating.

Our volunteers and enthusiastic neighbours also support us to enhance our collection of plants by bringing cuttings from their own gardens or other gardens where they also volunteer. St James’s Park has been a source of some of our fox gloves, and lilies which create a fabulous summer display. Our flowering plants attract numerous species of bees and hover flies.

Community Events & Activities

Over the course of the year, we strengthened our commitment to community engagement through a variety of vibrant events.

In addition to our regular weekly activities, we hosted several

weekend events aimed at bringing people together and fostering a sense of belonging.

One of the highlights was our participation in the London Open Gardens Weekend and the London Open House Festival, which allowed us to showcase our beautiful spaces to the broader public.

Come & join us

These events helped connect our community with nature and local heritage, drawing visitors from across the city and beyond.

In March, with the arrival of our new Manager, we introduced International Mother’s Day — an event celebrated between International Women’s Day and Mother’s Day. This unique gathering offered a series of taster wellbeing workshops, including mindfulness, Qi Gong, and homeopathy, giving participants a chance to unwind, recharge, and learn new ways to support their mental and physical health.

We offered a variety of programs designed to engage, support, and enrich the lives of local residents & visitors

We also brought families together for a fun-filled Easter event in March, featuring Ark Animal Encounters. Children and adults alike enjoyed meeting a range of animals, including a piglet, lamb, pygmy goat, rabbits, guinea pigs, and ducklings. The event was packed with activities for all ages, from children’s crafts and a sausage sizzle to a treasure trail. Thanks to the generous donations from local businesses, we were able to give away Easter eggs to the children, making it a truly memorable occasion.

In addition to our weekend events, our regular weekly activities continued to foster strong community connections. Throughout the year, we offered a variety of programmes designed to engage, support, and enrich the lives of local residents, ensuring there was something for everyone.

Back to Nature

The Back to Nature group, which is open to everyone aged 55+ and free to attend, is now in its third year and remains a popular programme for older adults, providing a space for social interaction, indoor and outdoor activities, and connection with nature. It fosters an inclusive environment for older residents, both local and from across London. One notable event was our exchange visit to Calthorpe Community Garden to celebrate Chinese New Year. Prior to the visit, we gathered to create beautiful tissue and dried flower lanterns, which adorned our building and can be seen on our Facebook page. Our guests enjoyed Chinese bingo and made mini-lanterns to further decorate the space. On our return visit we were treated to a BBQ, Chinese Dragon Dance and Mahjong lessons.

“I’ve met so many new people by coming to the gardening classes”

We also look forward to expanding our gardening activities with the introduction of Social Gardening, made possible by a small grant from Camden Giving. This new weekly session is designed to bring together individuals of all ages and abilities for gentle, inclusive gardening. The program encourages local residents who enjoy gardening at home by providing compost and house plants to take away, while also fostering more involvement in our community garden. Participants help maintain the space, building stronger community ties and sharing the joy of cultivating green spaces together.

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Phoenix Garden - events
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Future Events & Activities

We will be trialling a number of additional day time, weekend and evening workshops to assess the response from residents with the object of increasing local participation. We will employ a number of different methods of promoting events such monthly newsletter via email and door to door, posting to different websites and sharing via community partnerships. By running activities at other community events we can outreach to a different audience. At larger community events we will conduct consultations to find out what type of activities are popular, when and for which demographic.

Garden works

Over the coming year, with a combination of community and corporate volunteers and paid professionals, we will carry out works in the garden that will both improve the functioning and appearance of the site. For example, we will replace and

replant the vegetable patch making it more accessible and easier to work in. We will replace the compost bins to aid the recycling of the increased volume of garden waste that our mature garden produces. We’ll also introduce additional facilities for food waste composting such as in-vessel systems. Such enclosed systems heat the waste, speeding up decomposition while also preventing access from pests. A new garden shredder will enable us to cut the woody material smaller also speeding up decomposition.

We’ll continue working on the pond to create a retaining wall, deck and fencing. We’ll make changes to the paved area adjacent to the building to promote a garden shop as an additional income stream.

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Phoenix Garden
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Biodiversity: We are a completely unique place in that we support an extraordinary variety of wildlife, insects, amphibians, fish, birds and the occasional visiting mammal, in a dense urban environment. To calculate the quantifiable value this we are partnering with both City Bridge Trust and Camden Council to carry out a biodiversity audit which will provide some protection from anything that might threaten the garden and provide insights into how we can improve habitat to encourage and support a greater variety of wildlife for the enjoyment and edification of our visitors. We continue to grow as wide a variety of plants as possible and are programming a project to transform the old, filled in sandpit into a bog bed which the garden does not currently support.

Access: Nobody should be prevented from accessing the garden and enjoying it in a meaningful way. Work continues to widen paths and repair sunken surfaces, ensuring that every part of the garden is wheelchair accessible and creating a raised sensory bed for our hearing and visually impaired visitors and those working at wheelchair height.

Partnerships: We are further strengthening our partnerships with Covent Garden Dragon Hall Trust and Covent Garden Community Centre, allowing us to benefit from shared support, resources and experience, and maintaining an in-depth and thorough understanding of the emerging needs of the communities we serve, ensuring that no one slips through the net or gets left behind.

“An oasis of calm where all flora and fauna are accepted”

Comments

I come here to relax in a quiet place and watch the birds

I really enjoyed the wellbeing event, more of these please

I look forward to coming each week to learn something new and to chat

The walnut tree towers above everything else in the garden producing hundreds of nuts in the late summer.

The Phoenix Garden CIO 21 Stacey Street St Giles, London, WC2H 8DG www.thephoenixgarden.org CIO Number 1178847 email: admin@thephoenixgarden.org

THE PHOENIX GARDEN CIO

Registered Charity No: 1178847

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024

DAVIS, BURTON, WILLIAMS & CO.

Chartered Certified Accountants Office B11, Sutton Business Centre Restmor Way, Wallington Surrey, SM6 7AH

THE PHOENIX GARDEN CIO Report and accounts Contents

Page
Reference and administrative details of the Charity, its Trustees and advisors 1
Report of the Trustees 2-3
Independent examiner's report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the accounts 7-11

THE PHOENIX GARDEN CIO

Reference And Administrative Details Of The Charity, Its Trustees And Advisors For the year ended 31st March 2024

Trustees Garrard Knowles Sue Vincent Jeffrey G Hopwood Timothy Lynn John Quigley Francis Lluvert Claude Asgill Catherine Matheson Alexander J Lloyd Simon Bruegger Charity Registered Number 1178847 Principal Office 21 Stacey Street London WC2H 8DG Accountants and independent examiners P R Williams FCCA Davis Burton Williams & Co Office B11 Sutton Business Centre Restmor Way Wallington Surrey SM6 7AH

1

THE PHOENIX GARDEN CIO

Report of the Trustees for the year ended 31 March 2024

The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2023 to 31 March 2024. The annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic Of Ireland (FRS102)(effective 1 January 2019).

In setting objectives and planning for activities, the Trustees have been given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit; running a charity (PB2)'.

Report of Activities

It is pleasure to report on this successful year at Phoenix Garden, and to document, finally, the transfer of the garden lease and building from the old charity to the new Community Interest Company registered with the Charity Commission. Financially, whilst income was less this year than last the Garden has a robust outlook in the coming year. With a reserve fund retained for emergencies and unrestricted funds to improve and enhance the Garden for our users the long-term future looks, well, rosy.

The Board will continue to ensure a focus remains on funding streams and community activities, with an average sunny weekend bringing in as many as 1000 visitors, exploring the many nooks and crannies of the garden. Creating specific areas of interest according to the levels of light and shade. However, there is one very dark shadow looming, literally, as the Garden continues to gain support against the devastating planning proposal for the adjacent Odeon Cinema – potentially removing 50% of our sunlight as it goes up 7 floors. This unique oasis, the last of the seven gardens from the 1970’s across Covent Garden is at threat, and we will need all the help we can get to save the loss of daylight, habitat and the eco-system that provides a small, but precious oasis in the hurly burly of London.

Our continued appreciation goes to the London Borough of Camden-CDA Bid match funding this year, Camden Giving and the National Lottery Community Fund. We thank FilmFixer, Periscope Landscape, Robert McCracken and Michael Hadi for their steadfast support. We could not open the garden without this support.

Thanks are due to Spencer Noll, and the many volunteers helping out at the garden. With corporate volunteer days attracting a 160 strong work-force, much has been achieved in the garden over the course of the year, and under Louise Gates’ dedicated leadership.

In partnership with Dragon Hall & Seven Dials Club, many celebratory events took place including International Women’s Day and Mother’s Day, and with families coming together for Easter events. In addition to weekend events, our regular weekly activities continued to foster strong community connections.

Throughout the year, the Garden offered a variety of programs designed to engage, support, and enrich the lives of local residents, ensuring there was something for everyone. The Back to Nature group, which is open to everyone aged 55+ and free to attend, is now in its third year and remains a popular program for older adults, providing a space for social interaction, indoor and outdoor activities, and connection with nature.

Whilst the proposed Cinema development continues to threaten the garden and its activities, we remain committed to expanding our gardening and community activities in the coming year providing a safe, vibrant, open space for people to enjoy.

Charitable Objectives

To provide and maintain (or assist in the provision and maintenance of) public gardens and open spaces for the use and benefit of the inhabitants of Covent garden and others, in the interest of social welfare and with the object of improving conditions of life for the said inhabitants and others to create and maintain suitable habitats to support and encourage wildlife.

Also to promote the benefit of the inhabitants of Covent Garden and Soho (and the surrounding area) neighbourhood by associating together the said inhabitants, local authorities, voluntary and other organisations in a common effort to advance education and provide facilities in the interest of social welfare for recreational and leisure activities.

2

THE PHOENIX GARDEN CIO

Report of the Trustees for the year ended 31 March 2024 (Continued)

Financial Review

During the year, income of £103,636 was received (2023 - £124,290). Expenditure was £119,705 (2023 - £79,916). The deficit was £16,069 (2023 - surplus of £44,374).

The Charity has a Reserves policy, to build up an unrestricted reserve of £30,000.

The unrestricted funds at the year end were £130,108 (2023 - £146,177).

The restricted funds at the year end were £350,274 (2023 - £nil). This was due to the transfer of the property from The Phoenix Garden, a connected charity.

Going Concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing financial statements.

Structure, governance and management a. Constitution

The governing document of The Phoenix Garden CIO is the 'CIO- Foundation registered 19 June 2018'.

b. Methods of appointment or election of Trustees

The constitution of the charity provides that vacancies may be filled by a simple majority decision of the members of the charity at an AGM or by a simple majority of the trustees of the charity. All prospective trustees are interviewed by at least 2 trustees prior to being proposed for election.

Trustees' responsibilities

Law applicble to charities in England and Wales requires the trsutees to prepare financial statements for each financial year which give a true and fair view of the incoming resources and application of the resources of the charity during the year and of its state of affairs and the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain its financial position and to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts & Reports) Regulations 2008 and the Trust Deed. 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.

Approved by order of the members of the board of Trustees and signed on their behalf by:

............................................................................. Sue Vincent Chair

Date:14/11/2024

3

THE PHOENIX GARDEN CIO

Independent examiners report

Independent examiner's report to the Trustees of The Phoenix Garden CIO ('the charity)

I report to the chairty Trustees on my examination of the accounts of the Charity for the year ended 31 March 2024.

Responsibilities and the basis of report

As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act')

Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination . I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independents examiners report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work on this report.

…................................................................. P R Williams FCCA Davis Burton Williams & Co Office B11, Sutton Business Centre Restmor Way Wallington Surrey SM6 7AH

Date: 14/11/2024

4

THE PHOENIX GARDEN CIO

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Notes
Incoming resources from:
Donations, legacies and grants
3
Other trading activities
4
Total incoming resources
Expenditure on:
Charitable activities
5
Total resources expended
Exceptional item - building transfer from
9
The Phoenix Garden
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
TOTAL FUNDS CARRIED FORWARD		 Restricted
Funds
£
-
-
-
-
-
350,274
350,274
350,274
-
350,274
350,274		 Unrestricted
Funds
£
12,184
91,452
103,636
119,705
119,705
-
(16,069)
(16,069)
146,177
(16,069)
130,108		 2024
Total
Funds
£
12,184
91,452
103,636
119,705
119,705
350,274
334,205
334,205
146,177
334,205
480,382		 2023
Total
Funds
£
37,734
86,556
124,290
79,916
79,916
-
79,916
44,374
101,803
44,374
146,177

The statement of finacial activities includes all gains and losses recognised in the year

The notes on pages 7 to 11 form part of these financial statements

5

THE PHOENIX GARDEN CIO

Balance Sheet as at 31 March 2024

Notes
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
10
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
11
Net current assets
Total net assets
FUNDS
Restricted funds
12
Unrestricted funds
12
TOTAL FUNDS		 2024
£
326,059
6,652
155,954
162,606
(8,283)
154,323
480,382
350,274
130,108
480,382		 2023
£
-
13,505
136,147
149,652
(3,475)
146,177
146,177
-
146,177
146,177

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

............................................... Sue Vincent - Chair

Date:14/11/2024

The notes on pages 7 to 11 form part of these financial statements

6

THE PHOENIX GARDEN CIO

Notes to the Financial Statements for the Year ended 31 March 2024

1 General information

The Phoenix Garden CIO is a Charitable incorporated organisation that has been registered since 17th July 2019. See page 1 for all reference and administrative details of the charity.

2 Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The Phoenix Garden CIO meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activties on a receivable basis. The balance of income received for specific purposes but not expended the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to projects. Gifts donated for resale are included as income when they are sold.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

7

THE PHOENIX GARDEN CIO

Notes to the Financial Statements for the Year ended 31 March 2024

2 Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Property - Straight Line Basis over term of lease 20 years Plant and machinery - 33 % Straight Line Basis

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discount due.

2.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement , and the amount of the settlement can be estimated reliably.

Liabilites are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

8

THE PHOENIX GARDEN CIO

Notes to the Financial Statements for the Year ended 31 March 2024

3 Income from donations and legacies

Subscriptions and donations
Grants
Similar incoming resoures
The Phoenix Garden subsidary transfer of funds
4
Income from other tarding activities
Fundraising events
5
Analysis of expenditure by activities
2024
Grant funding
of activities
Chaitable activities
7,016
7,016
Total 2023
8,274
Analysis of support costs
Staff costs
Freelance workers
Depreciation
Telephone
Accountancy
Bookkeeping
Management & administration costs
Advertising and marketing
Insurance
Repairs
Legal expenses
Other office costs
Travel costs
Donations
Bank fees		 2024
Unrestricted
Funds
4,741
3,554
489
3,400
12,184
2024
Unrestricted
Funds
91,452
91,452
2024
Support
costs
112,689
112,689
71,642
Activities
13,780
26,274
25,421
1,550
2,240
2,440
22,568
969
1,716
2,368
6.00
12,159
31
1,000
167
112,689		 2024
Total
funds
4,741
3,554
489
3,400
12,184
2024
Total
funds
91,452
91,452
2024
Total
funds
119,705
119,705
79,916
2024
Total
funds
13,780
26,274
25,421
1,550
2,240
2,440
22,568
969
1,716
2,368
6.00
12,159
31
1,000
167
112,689		 2023
Total
funds
5,796
30,240
1,698
-
37,734
2023
Total
funds
86,556
86,556
2023
Total
funds
79,916
79,916
2023
Total
funds
-
36,211
269
1,435
4,500
936
4,320
428
1,546
8,614
-
12,861
341
-
181
71,642

9

THE PHOENIX GARDEN CIO

Notes to the Financial Statements for the Year ended 31 March 2024

6
Staff Costs
2024
£
Wages and salaries
12,406
Social security costs
1,099
Defined contribution pension costs
275
13,780
The average monthly number of employees during the year was as follows:-
2024
£
Employees
2
2		 2023
£
-
-
-
-
2023
£
-
-

No employee received remuneration amounting to more than £60,000 in either year. No key management personnel have received remuneration in the year.

7 Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £Nil)

During the year, no Trustee expenses have been incurred (2023 - £Nil)

8
Tangible Fixed Assets
COST
At 1 April 2023
Additions
Disposals in year
At 31 March 2024
DEPRECIATION
At 1 April 2023
Depn B/fwd from The Phoenix Garden
Charge for year
On disposals
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023		 Property
£
-
500,393
-
500,393
-
150,119
25,020
-
175,139
325,254
-		 Plant and
machinery
£
1,570
1,206
-
2,776
1,570
-
401
-
1,971
805
-		 Totals
£
1,570
501,599
-
503,169
1,570
150,119
25,421
177,110
326,059
-

10

THE PHOENIX GARDEN CIO

Notes to the Financial Statements for the Year ended 31 March 2024

9
Exceptional Item
Property transfer from The Phoenix Garden, a connected Charity
10 Debtors
Due within one year
Trade debtors
The Phoenix Garden Association
11 Creditors: Amounts falling due within one year
Trade creditors
Other taxes and social security costs
Other Creditors
12 Statement of funds
Balance at
1 April 2023
Income
£
£
Unrestricted funds
General fund
146,177
103,636
Restricted funds
Property
-
350,274
TOTAL FUNDS
146,177
453,910
13 Analysis of net assets between funds
Restricted
funds
2024
£
Tangible fixed assets
325,254
Current assets
-
Creditors due wintin one year
-
TOTAL
325,254		 2024
£
350,274
2024
£
6,652
-
6,652
2024
£
904
2,416
4,963
8,283
Expenditure
£
(119,705)
-
(119,705)
Unrestricted
funds
2024
£
805
162,606
(8,283)
155,128		 2023
£
-
2023
£
13,485
20
13,505
2023
£
1,255
-
2,220
3,475
Balance at
31 March 2024
£
130,108
350,274
480,382
Total
Funds
2024
£
326,059
162,606
(8,283)
480,382

14 Related party transactions

The charity has not entered into any related party transactions during the year, nor are there any outstanding balances owing between related parties and the charity as at 31 March 2024 other than that already reflected in the accounts.

11

THE PHOENIX GARDEN CIO

Independent examiners report

Independent examiner's report to the Trustees of The Phoenix Garden CIO ('the charity)

I report to the chairty Trustees on my examination of the accounts of the Charity for the year ended 31 March 2024.

Responsibilities and the basis of report

As the Trustees of the Charity (and its directors for the purposes of company law) you are

responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act')

Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act').

In carrying out my examination I have followed the directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination . I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1 accounting records were not kept in respect of the Charity as required by section 386 of

the 2006 Act; or

2 the accounts do not accord with those records; or

3 the accounts do not comply with the accounting requirements of section 396 of the 2006

Act 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; or

4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS02).

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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might