Charity No. 1204812 PHENIKS {Dorn]ant Accounts) {A Charitable Incorporated Organisation) Annual Report and Financial Statements 20 September 2023 to 30 September ?024 Contents L,egal and administrative infounation Report ot the Trusiees Domiant Balance Sheet N'otes fomiing part of the financial statementg. Legal and administrative infomjation Charity number 1204812 RegisTrred address 21 Glencoe Road Chatham Kent ME4 5QD Trustees Diy'8n Yanchev Todorka Vasileva Penka Zhivodarova PHENIKS Trustees, Report The Truslees present their annual report and accounts for the first peri(xl ended 30 September 2024. During this period, the charity had dorn)ant accounts. Structhre? goi'ernance and management. The Charity is Lonstituted &s a Charitable InLorporakd Organisation (CIO} Foundation, as a body corporate undLr Part I l of the Charities Act 2011 on the 20 September 2023. The CIO regi%tered ivith the Lharitv Commission on the same dxv. Truslcts are ILgally responsible for the governance and management of the charity. Tnjstees are responsible for setting strategies and policies for ensuring Ihese £ire implemented. Risk management The charity's trustees hai'e considered Ihc niajor risks to which the chariiy is exposed and have reviewed pot¢ntial risks. Systems and pr(Kedures have been put in place to manaue the risks and to mitigate any adverse outcomes. Objective5 ond activitie5 The gyoveming scheme defincs the charity's objectives as being to To advance in life and relieve the needs of young peopl¢ with a particular focu5 on those who have migrant parenis or have recently migrated through.. 11 The provision of recreational and leisure time activiries provided iii the interest of social welfare, designed to iniprove their conditions of life. 21 Providiiig support 2nd actii ities which develop their skills, capacities and capabilities to enable them to participate in societv as mature and responsible individuals. Achievements and Perfornianee The CIO was dorniant during this period. Financial review No transaction took place during this period. Future plans Pheniks (Charity no 1204812} is eA￿Cl¢d to start its fundraising soon. Trustees, responsibilities statement The triisltes are responsible for preparing the Truste&, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 'The law appliLable to charities in England & Wales requires the trustees to prcpare fmancial Statements for each financial ) car which uive a true and fair i'iew of th¢ state ot atlairs ot the charity and of the incoming resources and of the application of rL'sources ot ilie charity for that period. In preparing these financial stalemenLs, the trustees are required to: select suitable ac¢ounting policies and then appl! them consisiently. observe the methods and principles in the Charities SORP. make judgements and estimates that are ￿aSonable and pnjdent. Sule whi.thLI' applicablc accounting stdndards have ￿en followed. subject lo any material depdrtures disclosed and cxplained in the financial statements. prepare the linancial statements on the going concern basis unless it is inappropriate to presume that the eharity will continue in operaiion. The trustees are responsible for keeping proper accounting records that disclose with rcasonable a¢curac}' at any time th¢ Finan¢ial position ot Ihe charity and enablc ihem to eiislire that the financial Statements compl). with Ihe Charities Act 2011, the Charity. (Accounts and Reports) Regulatioiis 2008 and the provigions ofthe trust de¢d. Thcv are also re£p()nsible for safe&suarding the assets of the charity and hence lor taking rel￿Onable steps for the prevention and detection of fraud and other ifftgularitie This report was approved ley the tnLStees on 2310712025 and signed on their behalt by.. Diyan Yanchev Trustee PHENIKS Balance Sheet as at 30 Sept¢mber 2024 (Dorniant Ace(>unES) 2024 Fi.Yed assets Tangjible asscts Total fixed assets Current assets Stock and work in progress Debtors Cash at bank and in hand Liabilities Creditors.. amounts falling due within one year Net Current &ssets Creditors.. amounts falling due after one year Provision tor liabilities 'et assets Reserves Approved by the Board on 2310712025 and signed on its behalt by.. Diyan Yanchev Trustee Notes fomiing part ot'the financial statements for the ycar ended 30 September 2024 l. Accounting policies (a) Basis of preparation The accounts have been prepared in accordance with the receipts and payments basis in accordance with the Chariry Commission guidance. (b) Charity status The Charity is constituted as a Charitable Incorporated Organisation (CIO Foundation, as a body cotporate under Part 21 of the Charities Act 2011 on the 20 September 2023. The CIO regisiered with the Charity Commission on ihe same day. Fund accounting General funds are unrestricted funds which are available for use at the discretion ol.the trustees in furtherance of the general objectives of the charity and whi¢h have not been designated for other purposes. Rcstricted funds are funds which are to be used in accordance with specific restrictions imposed by donors, or which have been raised b}, the eharity for particular PLErposes. The Lost of raising and adrninisteriiig such funds is charged against the speeifiL tund. The aim and use of each restricfrd fund is set out in the notes to the financial statements. Idl Receipts All incon)ing resources included in the Receipt & payment Accounts when the charity actually obtains legdlly entitled inwme. lel Pa)'meni% Alt expenditure 1£ accounted for on a pa&nients basis and has been classilicd linder headings that aggregate all costs related to the Lategory. Where CO8ls cannoi be direLtIy attributed to particular headings they have been alloLated to activities on a basis consistent with the use ot the resources. 2. Member liabilities The Ineiiibers of the CIO have no liabilil) 10 contribute to its assets and no personal responsibilit!, lor s¢tiling its debts and l abilities. 3. Debt outstanding There are no particulars of any debt outstanding at the datr the statement of assets and liabilities. Related Parties Controlling entity I'he charity is controlled by the trustees. During the s'ear: the Trustees received no emoluments or incurred any expenses using Trust funds.