2022-03-31-accounts - Phab Limited

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Legal and Administrative		Information	1-2
Trustees' Report			3-9
Independent Examiner's		Report	10
Statement of Financial	Activities
Balance Sheet			12
Notes to the Financial Statements			13-23

Independent
Examiner:	JCSAccountants, 5 Robin Hood Lane, Sutton, Surrey SM1 2SW
Bankers:	CAF Bank Limited, Kings Hill, West Mailing, Kent	ME194TA
	National Westminster Bank pic, Tavistock House,	Tavistock Square, London	WC1H 9XA
Solicitors:	Medlicott & Benson, 5Curates Walk, Wilmington,	Kent, DA2 7BJ
Registered	Summit House, Wandle Road, Croydon CRO 1DF
Office:	(This is also the Principal Office of Phab)
Websites:	www. phab. org.uk and www. phabkids. co.uk

			Unrestricted	Restricted		Unrestricted	Restricted
			Funds	Funds	Total	Funds	Funds	Total
		2022 Note		2022 f	2022	2021 f'	2021 f'	2021
Income from:
Donations and legacies			301,817	61,500	363,317	299,121	74,540	373,661
Other trading activities			2,475		2,475	507		507
Investments			2,214		2,214	17,366		17,366
Charitable activities			39,322	5,000	44,322	18,896	5,000	23,896
Other income			~50058		~50058	133888		133888
Total income			395886		462386	469 778	79540	549318
Expenditure on:
Raising funds			184,911		184,911	302,913		302,913
Charitable activities			279401	94756	374157	309337	1 000	310337
Total expenditure		4	464312	94756	559068	612250	1 000	613250
Net gains on investments		10				58,500		58,500
Net income/(expenditure)			(68,426)	(28,256)	(96,682)	(83,972)	78,540	(5,432)
Transfers between	funds	13
Net movement in	funds		(68,426)	(28,256)	(96,682)	(83,972)	78,540	(5,432)
Reconciliation of	funds
At 1 April 2021 At 31 March 2022			712478 882252	154 128 12j872	866 606 78L828	796450 Z12 ~47	75 588 ~8	872 038 86L225

		As at 3	1 March 2022
		Note	2022	2021
Fixed Assets
Tangible assets		9	121,931		133,476
Investments		10	325,100		325,100
			447,031		458,576
Current Assets
Stocks				2,044
Current asset investments			240,509	238,343
Debtors			42,007	42,987
Cash at bank and in hand			91,877	206,981
			374,393	490,355
Liabilities
Creditors falling due within	one year		~42,920	39,476
Net Current Assets			331,473		450,879
Total assets less current	liabilities		778,504		909,455
Provisions for liabilities and	charges	19	(8,580)		(42,849)
Net Assets			769,924		866,606
Funds
Unrestricted funds			614,514		569,807
Designated funds		14	29,538		142,671
Restricted funds		13	125,872		154,128
Total Funds		17	769,924		866,606

tangi	ble fixed assets by	equal a	nnual instalments over	their estimated useful
	Freehold buildings		2%
	Leasehold holiday	units	over the life of the lease
	Building alterations		2%to 25%
	Office equipment		20%to 25%
	Computer equipment		33%
Only	items in excess of	2500 are capitalised. Freehold		land is not depreciated.

Donations and	le acies
			2022	2021
Other donations			358,159	346,984
Legacies			5,158	1,677
Council Grant				25,000
			363,317	373,661
Other tradin	income
This income	is from the following	trading activities:	2022	2021
				R
Raffles				447
Affiliation fees from Phab clubs			2,010	60
Other income			465
			2,475	507
Investment Income


is income is from the following	activities	2022	2021
Independent Living Experiences, Jubilee Sailing Trust, Skills for Independence		14,980	10,000
Waterside Holiday Units rental		28,060	13,896
Profit on Sale of Holiday Unit		1,282
		44,322	23,896

									2022	2021
Auditor's	remuneration		—audit services inclusive		ofVAT					7,600
Auditor's	remuneration		—under or over provision		in the	year			530	(40)
Independent		examiner	remuneration	—independent		examination	inclusive	of
VAT									3,300
Governance and professional support				for trustees					3,820	4,411
									7,650	11,971
Directors,	staff	numbers	and costs
The aggregate		payroll	costs were as follows:						2022	2021
Wages	and salaries								236,045	282,426
Social security		costs							18,595	20,438
Pension	contributions								20,430	21,103
Pension	costs	of defined benefit pension schemes (note 19)							23,426	2,606
									251,644	326,573

Within one year
Within two to five years
The operating lease charges for the year were:
Hire of plant and machinery

		2022	2021
		R
Trade creditors		2,007	263
Accruals and deferred	income	27,581	30,413
Taxation and social security		13,332	8,800
		42,920	39,476