**REGISTERED CHARITY NUMBER 278998**
**THE PHOENIX STROKE CLUB**
**UNAUDITED TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024**
## **THE PHOENIX STROKE CLUB**
## **CONTENTS**
||Page|
|---|---|
|Legal and administrative information|1|
|Report of the trustees|2-5|
|Independent examiner's report|6|
|Statement of financial activities|7|
|Balance sheet|8|
|Notes to the financial statements|9-12|
## **THE PHOENIX STROKE CLUB**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees:**|Dr. R. Bailey|
|---|---|
||Mr D.G. Burstow|
||Mrs L. Niven|
||Mr M.I. Haverson|
||Mrs E. Kitchen|
||Dr. N Broomhead|
||Mrs J. Wakeman|
||Mrs P. Roadley|
||Mr D. Gayler|
|**Independent Examiner:**|L Hammond FCA|
||Kreston Reeves LLP|
||9 Donnington Park|
||85 Birdham Road|
||Chichester|
||West Sussex|
||PO20 7AJ|
|**Bankers:**|Barclays Bank|
||2 The Carfax|
||Horsham|
||West Sussex|
||RH12 1DN|
|**Principal Address:**|The Forest School|
||Comptons Lane|
||Horsham|
||West Sussex|
||RH13 5NW|
1 of 12
## **THE PHOENIX STROKE CLUB**
## **REPORT OF THE TRUSTEES**
## **YEAR ENDED 31 March 2024**
The trustees submit their annual report and financial statements for the period ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" effective 1 January 2019.
## **Structure, Governance and Management**
The Charity was formed under a Trust Deed and Constitution each dated 13 November 1979. The Constitution has subsequently been updated and replaced by a new Constitution with amended objects approved by a Charity Commission Scheme dated 14 June 2016. The charity registration number is 278998.
The trustees actively consider the recruitment of new trustees. Trustees may be appointed at a general meeting of the members of the Club.
The day to day running and development of the Club is undertaken by a part time club supervisor appointed by the trustees along with a group of volunteers.
## **Trustees**
The trustees who served during the year and up to the date of signing the financial statements, unless otherwise stated, were:
Dr. R. Bailey
Mr D.G. Burstow
Mrs L. Niven Mrs C. Williams (Resigned July 2024) Mr M.I. Haverson Mrs E. Kitchen Dr. N Broomhead Mrs J. Wakeman Mrs P Roadley Mrs S Boult (Resigned August 2024) Mr D Gayler (Appointed 19 July 2023)
## **Objectives and Aims**
Updated “Aims and Objectives” of the Club have been approved by a Charity Commission Scheme dated 14 June 2016 as follows:-
“The object of the Club is the relief of stroke survivors and others with similar neurological problems by the provision of a safe environment in the interests of social welfare so that their condition of life may be improved by rebuilding confidence and assisting with recovery of their social and communication skills.”
The charity aims to achieve this by:
- Providing a caring and comfortable environment where people who have suffered strokes or other neurological disorders will have the opportunity to improve the quality of their lives and regain their confidence through the support, advice and encouragement offered;
- Providing constant liaison between relatives and close friends of such persons and the charity;
- Organising activities both indoors and outdoors for the enjoyment and benefit of the club members; and
- Providing practical support to assist with the recovery of physical and communication skills.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Club's aims and objectives and in planning future activities.
2 of 12
## **THE PHOENIX STROKE CLUB**
## **REPORT OF THE TRUSTEES**
## **YEAR ENDED 31 March 2024**
## **Achievements and Performance**
The year has been another successful year for the club. Following the success of securing longer term funding the team have been focused on improving the services we offer to the members. The Onwards and Upwards group has continued to grow and has increased the range of activities we are providing to members. The groups continue to explore more variety in the sessions and successful completion of the garden in the prior year has allowed the members to make much greater use of the outside space.
The statement of financial activities (page 8) shows an increase in our restricted income during the current year. The increase is a result of long term funding to support salary costs as well as funds received to enhance the kitchen within the club. Unrestricted income in the current year has increased following increased membership as we benefit from the larger facility. The Club has continued to benefit from a number of donations from various donors. Our costs in the year have increased as we return to a more active club following the previous restrictions over the past few years. As a result the net income in the year was £11,524 and our closing cash position was £111,873.
Following the expansion of the club, the Club Supervisor has been increasing the number of members benefiting from the club. The total number of members benefiting from our facilities and services continues to be around 75 across a number of days and we enjoy the help and support of around 40 volunteers.
## **Risk Management**
The trustees are responsible for the management of the risks faced by the Charity. Risks are identified, assessed, and controls established throughout the period. A formal review of the Charity's risk management process is undertaken on an annual basis. The key controls used by the Charity include a formal agenda for trustee activity and trustee involvement in all decisions taken. Through the risk management process established by the Charity, the trustees are satisfied that the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.
## **Public benefit**
In planning activities within the Club the Trustees are mindful of their responsibilities to meet the Charity Commission’s guidance on Public Benefit from the purposes for which the charity was established.
1. Providing a caring and comfortable environment where people who have suffered strokes or other neurological disorders will have the opportunity to improve the quality of their lives and regain their confidence through the support, advice and encouragement offered.
• The Club provides a number of activities designed to provide constructive help, support and encouragement to enable the members to enjoy as full a life as possible for them as an individual and to help them continue with their own rehabilitation.
2. Providing constant liaison between relatives and close friends of such persons and the charity;
• The club recognises the benefits of supporting Member’s Carers and provides carers with written information and signposting to external support where appropriate.
3. Organising activities both indoors and outdoors for the enjoyment and benefit of the club members;
• The Club organises a number of outings for Members and their Carers away from the Club premises as an additional means of stimulation and support.
4. Providing practical support to assist with the recovery of physical and communication skills.
• The Club provides a specific communications group on an on-going basis to assist those members who require this level of support to enable them to communicate with others via a number of different means not just verbal. The club provide members with an individual physiotherapy and occupational therapy assessment to provide a tailor made exercise package to assist the member in their on-going rehabilitation.
3 of 12
## **THE PHOENIX STROKE CLUB**
## **REPORT OF THE TRUSTEES**
## **YEAR ENDED 31 March 2024**
## **Reserves Policy**
The charity requires reserves to ensure that it can meet all its commitments to the members, staff and volunteers. There are three types of reserves held:
## a) Restricted reserves
Grants and donations received by the Charity which can only be used for the specific purposes specified by the donor. This includes funds received from various charitable bodies and other grant making organisations for the management and development of the Club, grants made for specialist projects and for trips, and money received to cover the costs of employing care assistants.
## b) Designated reserves
These are monies set aside by the trustees for specific purposes including a reserve to fund the provision of specialised services to our members such as, but not exclusively, physiotherapy. In the current year the Trustees also created a fund to support the development of our website and literature about the club.
## c) Other unrestricted reserves
A reserve of accumulated surpluses which the charity is free to use as it sees fit to enable the continuation of its activities.
The trustees have attempted over the last few years to set aside reserves with a view to accumulating general unrestricted cash reserves up to a level equivalent to two years of expenditure.
## Analysis of unrestricted income funds
|Analysis of unrestricted income funds||
|---|---|
|Unrestricted available funds held as cash
Total unrestricted income funds
Less non cash current assets
Less unrestricted assets held as fixed assets
Less designated reserves|£352,762
(£47,914)
(£270,784)
£12,380|
||**£46,444**|
At the end of the financial year ending 31st March 2024 the unrestricted cash held by the charity was £46,444 being the unrestricted income funds less cash for designated activities and non cash reserves. This equates to ~6 months of unrestricted cash requirements (unrestricted expenditure less depreciation). This is below the target set by the Trustees therefore there remains a focus for the charity to continue to source ongoing long term financial support for the club to enable it to meet unforeseen challenges. The securing of long term funding for a number of the clubs key costs is expected to enable the club to continue increasing it's cash reserves in future years.
## **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. The increase in membership numbers and charges as well as securing funding for core costs has provided ongoing financial income and has improved the financial stability of the club. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
4 of 12
THE PHOENIX sfROKE CLUB
REPORT OF THE TRusfEES
YEAR ENDED 31 March 2024
ststemont of tru5te& re5pon5N¥i*tie5
Tre trustees e requlred to prepare the lknntial Stater[ of each financlal yearwhlch gfvea tnje and falr view of the 5tatE
of affai ofthe dub and d the swp4us or deftclt of the r*Jb In that pEriod. In prpparfrMJ these fknanctsl Ststllts, the
trLJStees are required to..
- 5dert suitable aCcoUnng polldes and apptythem COnStenty,
- ObsersE the methoth and princlpltt of the alar SORP (FRS 102),.
- Make judgements and esb"mates that are rea9)nabk and pThnt;
- Stale v4hether applble UK Accounting Standards (FR5 102) have been foltowed. sUct to any maierlal
depathr dIOsed arKJ explalned in the financial statements; and
- Prepare the finCk11 siatsments on a going concem basis uDl855 It Is Inwmpriate tD assume that the dub 11
conlthue In bne$s.
trustees are resprinslble for keeptng accountrng record5 that clLgdose vhth reasonable acrurary at any me the finarKYal
Fo$k)n of the charity and enable t1M to ensure thatthe fiaTla1 statements compty with the aTrarftles Att 2DII, the
Charibts (Accounts and Rep)rts) Regulabons 2008 and the trLtst de. They are aks Spor[ble forsafeguardlng the as%ts
of the charty and he for taknThJ reanable 51ep5 for the preventlon and detectyon of fraud and other irwu14ribe&
Approved bythe trustees on I
1,4
Yqand slgn&J on thelr behalf by
MrD.B
5of12
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF**
## **THE PHOENIX STROKE CLUB**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024, which are set out on pages 7 to 12.
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 Independent Examiner's 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 or for this report.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 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 examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do 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.
Signed:
Dated: 12 November 2024
Lucy Hammond BSc FCA
For and on behalf of Kreston Reeves LLP Chartered Accountants 9 Donnington Park 85 Birdham Road Chichester West Sussex PO20 7AJ
6 of 12
## **THE PHOENIX STROKE CLUB**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **YEAR ENDED 31 March 2024**
|Notes
**Donations, legacies and grants**
Donations
Legacies
**Charitable activities**
Members' subscriptions
**Raising funds**
Hire of the clubroom
Members Holiday Contribution
**Investments**
Interest received
**Total incoming resources**
**Expenditure on:**
**Charitable activities**
Cleaners' wages
Ground rent and rates
Legal and professional fees
Light and heat
Insurance (buildings and liability)
Repairs and renewals
Telephone
Postage, stationery and advertising
Catering, activities, gifts and Christmas
Transport expenses
Staff wages
2
Therapies Specialists
Professional care assistants
Training of staff and volunteers
Charitable donations
Depreciation
**Total resources expended**
**Net income/(expenditure)**
**Transfers between funds**
**Fund balances brought forward at 1 April 2023**
**Fund balances carried forward at 31 March 2024**|Unrestricted Funds
£
43,619
-
44,576
4,068
94
1|Restricted Funds
£
16,895
-
-
-
-
**16,895**
-
-
-
-
-
554
-
-
374
-
10,000
-
-
-
-
**10,928**
5,967
-
11,548
**17,515**|**2024**
**£**
**60,514**
**-**
**44,576**
**4,068**
**94**
**1**
**109,253**
**4,624**
**376**
**3,379**
**4,465**
**1,557**
**2,287**
**1,158**
**1,070**
**13,933**
**18**
**21,725**
**4,463**
**19,902**
**1,596**
**50**
**17,129**
**97,729**
**11,524**
**-**
**358,753**
**370,277**|Unrestricted
Funds
£
35,340
10,000
33,598
4,938
-
83,876
4,069
371
2,927
3,282
1,178
2,804
1,043
2,136
7,201
-
17,984
5,346
15,681
730
16,953|Restricted
Funds
£
550
-
-
-
-
550
-
-
-
-
-
200
-
-
666
-
-
-
1,993
-
-|2023
£
35,890
10,000
33,598
4,938
-|
|---|---|---|---|---|---|---|
||**92,359**|||||84,426|
||4,624
376
3,379
4,465
1,557
1,733
1,158
1,070
13,559
18
11,725
4,463
19,902
1,596
50
17,129|||||4,069
371
2,927
3,282
1,178
3,004
1,043
2,136
7,867
-
17,984
5,346
17,674
730
16,953|
||**86,801**|||81,704|2,859|84,563|
||5,557
-
347,205|||2,172
100
344,933
347,205|(2,309)
(100)
13,957
11,548|(137)
-
358,890|
||**352,762**|||||358,753|
7 of 12
THE PHOENIX sfROKE CUIH
BALANCE SHEEr
YEAR ENDED 31 March 21124
2024
xed as9ets
Tang*te assds
270,784
287,08b
cHta$sets
Dllts NEwabl
PrEpayrnents and accruEd
C45h at bankand I hand
375
4963
IiL8TJ
83,OJ8
Cyedltots.. arnowts falling due
wlthln vDgyear
14.718
11731
Netcurrenta55ets
99WJ3
74673
Iletassets
370,277
Represented By.
Reritte0 Funds
17,515
J4S48
GeneraI fvnds
CaTernart andTh4$ de*nated
sall¢ seNke5 de5E9n3 re5eTre
webs and Llterature reserye
3JZ389
19.816
24,914
IS,ODD
Totsl lunds
370,277
and sbjned C behamby
r* D. &n%iow
8of12
**THE PHOENIX STROKE CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 March 2024**
## **1 Principal accounting policies**
## **General information and basis of accounting**
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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 United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011
The charity meets the definition of a public benefit entity under FRS 102. The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.
## **Fund accounting**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Designated funds comprise of a reserve to provide specialised services to members such as physiotherapy.
Restricted income funds are subjected to restrictions on their expenditure imposed by the donor or through the terms set out in its use.
## **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.
Deferred income represents amounts received in respect of future periods. It is released to the statement of financial activities when the conditions of entitlement has been met.
No amount is included for volunteer time in line with SORP (FRS 102).
## **Grants**
Grants are accounted for under the performance model. Grant income is recognised as follows:
- a grant that does not impose specified future performance-related conditions on the recipient is recognised in income when the grant proceeds are received or receivable;
- a grant that imposes specified future performance-related conditions on the recipient is recognised in income only when the performancerelated conditions are met; and
- grants received before the revenue recognition criteria are satisfied are recognised as a liability.
## **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 settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
## **Allocation of support costs**
Support costs are those that assist the work of the charity but do not directly represent charitable activities. They are incurred directly in support of expenditure on the objects of the charity and have been all allocated against charitable activities. The full details of the expenditure are shown on the Statement of Financial Activities.
## **Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, once they are available to use, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Buildings and improvements Over the life of the lease Furnishings and equipment 5 years IT equipment 3 years
## **Debtors and creditors**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price. Any losses arising from impairment are recognised in expenditure.
## **Other employee benefits**
When employees have rendered service to the charity, short-term employee benefits to which the employees are entitled to recognise at the undiscounted amount expected to be paid in exchange for that service.
9 of 12
**THE PHOENIX STROKE CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 March 2024**
## **Principal accounting policies continued**
## **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. Taking into consideration the charity's level of reserves, the long term secured funding noted in the prior year and expected attendance fees from the members the trustees believe that the charity will be able to continue in operational existence for the foreseeable future and is able to meet its liabilities as they fall due. The trustees have considered a number of severe but plausible scenarios to ensure the charity has sufficient reserves to prepare the accounts on a going concern basis.
## **Estimates and judgements**
Depreciation rates and useful economic lives of the tangible fixed assets are the only elements of estimates and judgements applied by the trustees. They have considered the life of the lease to be an appropriate life for the building expenditure as there is no guarantee of future economic benefit after this time and all other assets are considered to have a fixed life. No other judgements are applied.
## **2 Staff costs**
Staff costs for the period were as follows:
|Gross wages
National insurance
Pension Contributions|**2024**
**£**
**21,092**
**-**
**633**
**21,725**|2023
£
17,460
-
524|
|---|---|---|
|||17,984|
All wages and salaries are for key management personnel. One part time staff member has been employed in the period (2023 - one). There were no staff paid over £60,000 per annum (2023 - nil). No trustees were paid any remuneration or reimbursed any expenditure during the period (2023 - nil).
## **3 Independent examination**
Total remuneration for the period amounted to £2,400 (2023: £1,980).
## **4 Tangible fixed assets**
|**IT Equipment**
**£**
**£**
**Cost**
At 1 April 2023
328,796
1,404
Additions
-
-
Disposals
18,577
-
-
At 31 March 2024
310,219
1,404
**Depreciation**
At 1 April 2023
48,565
894
Charge for the period
14,742
468
Disposals
18,539
-
-
At 31 March 2024
44,768
1,362
**Net book value**
**At 31 March 2024**
**265,451**
**42**
At 31 March 2023
280,231
510
**Creditors**
Trade Creditors
Other creditors and accruals
Deferred income
Creditors includes deferred income:
As at 1 April
Amount released to incoming resources
Amount deferred in the year
As at 31 March
**Buildings**
**and**
**improvements**
Deferred income in the current year and prior year is in relation to restricted funds for future staff costs.|**Furnishings**
**and**
**equipment**
**£**
15,840
832
4,463
-
12,209
9,500
1,880
4,463
-
6,917
**5,291**
6,340
**2024**
**£**
**325**
**4,393**
**10,000**
**14,718**
**2024**
**£**
**10,000**
**(10,000)**
**10,000**
**10,000**|**Total**
**£**
346,040
832
23,040
-|
|---|---|---|
|||323,832|
|||58,959
17,090
(23,002)|
|||53,047|
|||**270,784**|
|||287,080|
|||2023
£
253
3,478
10,000|
|||13,731|
|||2023
£
-
-
10,000|
|||10,000|
||||
## **5 Creditors**
10 of 12
## **THE PHOENIX STROKE CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 March 2024**
## **6 Restricted funds**
|At 1 April 2022
Income received
Resources expended
Transfers
At 31 March 2023
Income received
Resources expended
Transfers
**At 31 March 2024**
At 1 April 2022
Income received
Resources expended
Transfers
At 31 March 2023
Income received
Resources expended
Transfers
**At 31 March 2024**|**Fixtures**
**and Fittings**|**Special**
**projects and**
**trips**
**£**
9,914
-
-
-
9,914
-
-
-
**9,914**|**Wheelchair**
**lap trays**
**£**
260
-
-
-
260
-
-
-
**260**
**Open Day**
**£**
-
-
-
-
-
341
-
-
**341**|**Club**
**management**
**and**
**development**
**£**
-
-
-
-
-
10,000
(10,000)
-
**-**
**Therapies**
**Project**
**£**
1,993
-
(1,993)
-
-
-
-
-
**-**|**Green house**
**£**
1,000
-
-
-
1,000
-
-
-
**1,000**
**Christmas**
**Activities**
**£**
790
200
(666)
-
324
-
(324)
-|**Garden**
**development**
**£**
-
200
(200)
-
-
-
-
-
**-**
**Forest school**
**competition**
**£**
-
50
-
-
50
-
(50)
-
**-**|**Kitchen**
**redevelopment**
**£**|
|---|---|---|---|---|---|---|---|
||-
100
-
(100)||||||-
-
-
-|
||-
554
(554)
-||||||-
6,000
-
-|
||**-**||||||**6,000**|
||||||||**Total**
**£**|
||||||||13,957
550
(2,859)
(100)|
||||||||11,548
16,895
(10,928)
-|
||||||**-**||**17,515**|
The fixtures and fittings fund was created following the completion of the building extension and the need to update the furniture and fittings in the club. Funding was received in the current year to support the purchase a mobility aid during the year.
The special projects and trips fund is to be used to meet transport costs on holidays and other outings and various costs associated with special projects. The fund balance carried forward mainly consists of grants and donations received to be used on members’ activities.
The wheelchair lap tray fund was created due to a specific donation being made to assist the charity in acquiring additional lap trays.
The club management and development fund is used to pay for the provision, management and development of day care for stroke survivors, including the salaries of the staff.
The Garden development fund was created to contribute towards the development of the outside space for the members. Additional funding for the garden was secured and utilised in the prior year.
The kitchen equipment fund is used for the improvement of the kitchen facilities at the premises. It was utilised in the prior year towards a new cooker resulting in the funds being transferred to fixed assets. Further funding has been received this year in anticipation of upgrading the kitchen. It is expected to be used in the next year.
The Greenhouse fund will be used to purchase a greenhouse in the new landscaped gardens. This is expected to be completed following the expansion of the club.
The Open Day fund is funding received to support promotion of the group to the wider community. An open day was planned for the following year and therefore will be utilised next year.
The Therapies project fund was created in response to the trustees desire to provide wider support to the members. The additional funds received in the prior year were in relation to using specialist speech and language therapies for courses for our members and their respective families which was fully utilised in the prior year.
The Christmas activities fund was created following a number of donations to support Christmas meals for the members. It is expected the remaining balance will be utilised next year.
The Forest School Prize fund was created to support a prize fund associated with an Art Competition organised in conjunction with Forest School which was utilised this year.
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**THE PHOENIX STROKE CLUB**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **YEAR ENDED 31 March 2024**
## **7 Unrestricted funds**
|At 1 April 2022
Income received
Resources expended
Transfers
At 31 March 2023
Income received
Resources expended
Transfers
**At 31 March 2024**|**General**
**funds**
**£**
329,933
58,876
(76,520)
100
312,389
67,359
(66,899)
(8,000)
**304,848**|**Caremark and**
**Therapist**
**designated**
**reserve**
**£**
-
25,000
(5,184)
-|**Specialist**
**services**
**designated**
**reserve**
**£**
15,000
-
-
-|**Website and**
**Literature**
**Reserve**
**£**
-
-
-
-
-
-
-
8,000
**8,000**|**Total**
**£**
344,933
83,876
(81,704)
100|
|---|---|---|---|---|---|
|||19,816
25,000
(19,902)
-
**24,914**|15,000
-
-
-
**15,000**||347,205
92,359
(86,801)
-|
||||||**352,762**|
The Caremark and Therapists reserve was created following the successful application for financial support towards the ongoing costs of providing this specialist care over the next 4 years. When the funding was provided no formal restrictions were placed on the funds but the Trustees consider it appropriate to allocate to the costs for which the funding application was made.
The specialist services reserve has been designated to provide specialised services to members such as physiotherapy.
During the year the Trustees identified the need to enhance the website and literature of the club to ensure members and potential future members were obtained the right information about the club. The Trustees identified a balance of £8,000 to be designated for the enhancements to the website and to future literature development.
## **8 Analysis of net assets between funds**
|At 31 March 2023
Tangible fixed assets
**At 31 March 2024**
Other net current assets/(liabilities)
Tangible fixed assets
Cash at bank and in hand
Other net current assets/(liabilities)
Cash at bank and in hand|**£**
270,784
94,358
(12,380)
**352,763**
287,080
71,470
(11,344)
347,206
**Unrestricted**
**funds**|**Restricted**
**funds**
**£**
-
17,515
-
**17,515**
-
11,548
-
11,548|**Total**
**£**
270,784
111,873
(12,380)|
|---|---|---|---|
||||**370,277**|
||||287,080
83,018
(11,344)|
||||358,754|
## **9 Pensions commitments**
The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £633 (2023 - £524). Contributions totalling £127 (2023 - £99) were payable to the fund at the balance sheet date and are included in creditors.
## **10 Related party transactions**
During the year donations without conditions were received from trustees totalling £125 (2023 - £405).
During the financial year, the charity received a mobility scooter donation from a donor. Subsequently, the charity lent the mobility scooter to a beneficiary under the terms that the beneficiary would bring the scooter into a state of use, and the scooter would be returned when no longer needed by the beneficiary. The estimated value of this donation was £500. The trustees have reviewed this transaction and confirm it aligns with the charity's objectives of providing support and assistance to its beneficiaries, the transactions were carried out in the best interest of the charity and its beneficiaries. The trustees have ensured that all appropriate measures were taken to safeguard the charity's assets and have verified that the terms of these transactions are fair and reasonable.
## **11 Operating lease commitments**
The charity has total future minimum leases commitments under non-cancellable operating leases as follows:
|Amounts payable
Within one year
In 2 to 5 years
In more than 5 years
Total|**2024**
**£**
**300**
**1,200**
**4,200**
**5,700**|2023
£
300
1,200
4,500|
|---|---|---|
|||6,000|
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