PHOENIX CSC CIC

Company Registration Number:
13255721 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

PHOENIX CSC CIC

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PHOENIX CSC CIC

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Additional information

Small Company provisionsThis report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Louise Savage
Esther Kirk
Rachael Ayling


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 September 2023

And signed on behalf of the board by:
Name: Louise Savage
Status: Director

PHOENIX CSC CIC

Profit And Loss Account

for the Period Ended 31 March 2023

2023 13 months to 31 March 2022


£

£
Turnover: 3,949 12,364
Cost of sales: ( 821 ) ( 2,146 )
Gross profit(or loss): 3,128 10,218
Administrative expenses: ( 2,243 ) ( 10,524 )
Operating profit(or loss): 885 (306)
Profit(or loss) before tax: 885 (306)
Tax: ( 123 ) 0
Profit(or loss) for the financial year: 762 (306)

PHOENIX CSC CIC

Balance sheet

As at 31 March 2023

Notes 2023 13 months to 31 March 2022


£

£
Fixed assets
Tangible assets: 3 187 238
Total fixed assets: 187 238
Current assets
Debtors: 4 0 725
Cash at bank and in hand: 714 775
Total current assets: 714 1,500
Creditors: amounts falling due within one year: 5 ( 444 ) ( 213 )
Net current assets (liabilities): 270 1,287
Total assets less current liabilities: 457 1,525
Accruals and deferred income: 0 ( 1,830 )
Total net assets (liabilities): 457 (305)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 456 (306 )
Total Shareholders' funds: 457 (305)

The notes form part of these financial statements

PHOENIX CSC CIC

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 22 September 2023
and signed on behalf of the board by:

Name: Louise Savage
Status: Director

The notes form part of these financial statements

PHOENIX CSC CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Depreciation is calculated to write off the cost or valuation of an asset, less its residual value, over the useful economic life of the asset as follows:Plant and machinery – 33% reducing balanceMotor vehicles – 20% straight line; Office Equipment 20% straight lineIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

    Other accounting policies

    Basis of preparationThe financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.TaxationThe taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amount of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.Operating leasesLease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.StocksStocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

PHOENIX CSC CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 13 months to 31 March 2022
    Average number of employees during the period 1 1

PHOENIX CSC CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 255 255
Additions
Disposals
Revaluations
Transfers
At 31 March 2023 255 255
Depreciation
At 1 April 2022 17 17
Charge for year 51 51
On disposals
Other adjustments
At 31 March 2023 68 68
Net book value
At 31 March 2023 187 187
At 31 March 2022 238 238

PHOENIX CSC CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Debtors

2023 13 months to 31 March 2022
£ £
Trade debtors 0 725
Total 0 725

PHOENIX CSC CIC

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Creditors: amounts falling due within one year note

2023 13 months to 31 March 2022
£ £
Trade creditors 60
Taxation and social security 123
Other creditors 261 213
Total 444 213

COMMUNITY INTEREST ANNUAL REPORT

PHOENIX CSC CIC

Company Number: 13255721 (England and Wales)

Year Ending: 31 March 2023

Company activities and impact

Over the last year Phoenix CSC CIC has continued to deliver family wellbeing services within local schools and the community. In addition to providing bespoke group work based around mental health to children and young people from the age of 5 to 16, we have provided parent workshops and full family workshops. By providing all of these interventions we are seeking to fulfil our aims of providing a more calm and confident community by providing knowledge and skills to all age groups and members of family groups. The feedback from all provisions has been outstanding and we continue to be approached to provide more work. Further to these workshops we have continued to run our group provision for parents and carers with babies and young children. The numbers attending this provision have grown massively and we have continued to develop our relationship with the local museum where our group is held. We are seeing many primary and secondary benefits of this group. Not only are parents and carers reporting that they feel safe, that their confidence is growing and that they feel able to relax in this space, many are also coming further from their local areas than they usually would, are visiting the museum following the group and are developing peer relationships and sharing lunch.

Consultation with stakeholders

Schools – we have liaised with schools around the needs of their students and have developed bespoke interventions to meet specific needs. We continue to liaise with local schools on a weekly basisParents and carers – feedback has been requested from parents and carers both written and verbally. Parents have expressed a strong need for the group to continue – for this reason we continue to explore options for funding to support us in developing some sustainability. With regards to workshops and work with children, many parents have expressed a need for this to also continue – we have advised them to approach their schools, governors and PTAS to explore this furtherLocal Museum – We continue to work with the local museum. We collate and share statistical information with them on a weekly basis. We were also invited to be part of a museum journal demonstrating an example of good practice in health and wellbeing provision.

Directors' remuneration

Directors remuneration was £1,500 for the year.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
16 October 2023

And signed on behalf of the board by:
Name: Louise Savage
Status: Director