IRIS Accounts Production v24.3.0.553 Other Company accounts True false Pounds 1.4.23 31.3.24 31.3.24 FY FRS 102 Unaudited Small companies regime for accounts Full Charities SORP true true true false true false true iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3754672023-03-31SC3754672024-03-31SC3754672023-04-012024-03-31SC3754672022-03-31SC3754672022-04-012023-03-31SC3754672023-03-31SC375467ns0:CharitableCompanyLimitedByGuarantee2023-04-012024-03-31SC375467ns15:PoundSterling2023-04-012024-03-31SC375467ns11:FRS1022023-04-012024-03-31SC375467ns11:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC375467ns11:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC375467ns11:FullAccounts2023-04-012024-03-31SC375467ns11:CharitiesSORP2023-04-012024-03-31SC375467ns16:EnglandWales2023-04-012024-03-31SC375467ns11:RegisteredOffice2023-04-012024-03-31SC375467ns0:Trustee12023-04-012024-03-31SC375467ns0:Trustee22023-04-012024-03-31SC375467ns0:Trustee32023-04-012024-03-31SC375467ns11:CompanySecretary12023-04-012024-03-31SC375467ns0:TotalUnrestrictedFunds2023-04-012024-03-31SC375467ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC375467ns0:TotalUnrestrictedFundsns0:Activity82023-04-012024-03-31SC375467ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-04-012024-03-31SC375467ns0:Activity82023-04-012024-03-31SC375467ns0:Activity82022-04-012023-03-31SC375467ns0:TotalUnrestrictedFunds2023-03-31SC375467ns0:TotalRestrictedIncomeFunds2023-03-31SC375467ns0:TotalUnrestrictedFunds2024-03-31SC375467ns0:TotalRestrictedIncomeFunds2024-03-31SC375467ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-03-31SC375467ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-03-31SC375467ns10:WithinOneYear2024-03-31SC375467ns10:WithinOneYear2023-03-31SC37546722023-04-012024-03-31SC375467ns10:OwnedAssets2023-04-012024-03-31SC375467ns10:OwnedAssets2022-04-012023-03-31SC375467ns0:TotalUnrestrictedFunds2022-04-012023-03-31SC375467ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC375467ns0:TotalUnrestrictedFundsns0:Activity82022-04-012023-03-31SC375467ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-04-012023-03-31SC375467ns10:ShortLeaseholdAssetsns10:LandBuildings2023-03-31SC375467ns10:PlantMachinery2023-03-31SC375467ns10:FurnitureFittings2023-03-31SC375467ns10:ShortLeaseholdAssetsns10:LandBuildings2023-04-012024-03-31SC375467ns10:PlantMachinery2023-04-012024-03-31SC375467ns10:FurnitureFittings2023-04-012024-03-31SC375467ns10:ShortLeaseholdAssetsns10:LandBuildings2024-03-31SC375467ns10:PlantMachinery2024-03-31SC375467ns10:FurnitureFittings2024-03-31SC375467ns10:ShortLeaseholdAssetsns10:LandBuildings2023-03-31SC375467ns10:PlantMachinery2023-03-31SC375467ns10:FurnitureFittings2023-03-31SC375467ns10:MotorVehicles2023-03-31SC375467ns10:ComputerEquipment2023-03-31SC375467ns10:MotorVehicles2023-04-012024-03-31SC375467ns10:ComputerEquipment2023-04-012024-03-31SC375467ns10:MotorVehicles2024-03-31SC375467ns10:ComputerEquipment2024-03-31SC375467ns10:MotorVehicles2023-03-31SC375467ns10:ComputerEquipment2023-03-31
REGISTERED COMPANY NUMBER: SC375467 (Scotland)
REGISTERED CHARITY NUMBER: SC041471














Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Easterhouse Phoenix Development Limited

Easterhouse Phoenix Development Limited






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Report of the Trustees 1 to 5

Statement of Financial Activities 6

Balance Sheet 7 to 8

Notes to the Financial Statements 9 to 16

Easterhouse Phoenix Development Limited (Registered number: SC375467)

Report of the Trustees
for the Year Ended 31 March 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
Our objective is to engage with the residents of Easterhouse and surrounding areas. According to the Scottish Index of Multiple Deprivation (SIMD), Easterhouse remains in the lowest decile for all areas of deprivation making the need for our Community Centre greater than ever. We especially focus on the vulnerable, deprived, excluded and marginalised residents aiming to re-engage them in our local and wider communities. These are the people who are hardest to reach and most in need of our help and support. We aim to assist these residents by providing alternative channels for their energies, addressing the entrenched cultures of unemployment, unhealthy lifestyle choices, territorialism and drug & alcohol abuse by supporting, educating and encouraging them to make real changes to their lives.
Our aim is to create a culture of healthy bodies and healthy minds. These are interlinked and play a major part in our holistic approach to improving the lives of those who come through our doors. We aim to continue to provide a community centre that is a focus for the community and plays a major role in the regeneration of the wider community by guiding, supporting and nurturing people of all ages, engendering a true sense of community.


Easterhouse Phoenix Development Limited (Registered number: SC375467)

Report of the Trustees
for the Year Ended 31 March 2024


OBJECTIVES AND ACTIVITIES
Significant activities
New Staff
In October we welcomed our new Sports Coordinator Craig Gilmour to the team. Craig is a graduate who studied Sports Development and has experience working with Active Schools both inside schools and for an outdoor programme, he was also a volunteer at Motherwell FC. His knowledge and expertise has been an asset to the charity and the work that we do.
Volunteering
At the Phoenix Centre we have lots of opportunities for people to get involved through volunteering. This year we have significantly increased the number of volunteers we have. We rely on our volunteers to help us run many of the activities that we have on offer and their commitment is valued and appreciated. By volunteering they are improving their leadership skills as well as building their communication and interpersonal skills. They are an integral part of the Phoenix team.
Cycling
Last year we set ourselves a target for improving the uptake of cycling. To this end we started a year long partnership with Scottish Cycling. They provided us with new bikes and a storage container. One of the highlights of this partnership for some of our cyclists was 4 sessions cycling in the Velodrome. We were also able to take students from Kelvin College there to enhance their cycling skills.
We were also successful in our application to Cycling UK in Scotland for bikes through their Access Bikes scheme. As a result of this funding, we were able to give bikes, accessories and bike maintenance training to people who live locally and come to the Phoenix Centre. The purpose of this was to increase physical activity and reduce transport poverty.
Our second application to Cycling UK in Scotland was through their Cycle Share Fund. This funding allowed us to buy 8 adapted bikes and launch Phoenix Parkinson's Cycle Club.
Through the addition of a Parkinson's Cycle Club to our portfolio of cycling activities it is our intention to promote inclusivity and reduce the health inequalities that result from living with Parkinson's. These sessions take place on the 1 st and 3rd Monday of every month. There is also the possibility to target other people with illnesses/diseases who would benefit from the health and social experiences of participating in cycling in the future.
Our cycle sessions which teach children aged 3-7 to cycle has increased in popularity and is now called Phoenix Pedals as this project is no longer funded by Cycling UK in Scotland. The experience and training that we gained through Cycling UK in Scotland has enabled us to successfully build and grow this activity. To date we have taught over 300 children which is a testament to the success of this programme.
Women@Phoenix
A successful application to the Winter Social Wellbeing Fund enabled us to start a new club for women called Women@Phoenix in March this year. Through this club we aim to give women access to a variety of sports and recreational activities in a safe, women only environment. We want to remove barriers to participation by providing all women, irrespective of age, ability or race, with access to activities that will promote an ethos of healthy minds and healthy bodies along with social integration and cohesiveness.
Mental Health
Throughout August and September, we focused on the 5 Ways to Wellbeing as denoted by SAMH (Scottish Association of Mental Health). During this time our social media pages provided tips on how people could put these into action. We also had a representative from SAMH in the Centre over a number of weeks providing information and support to participants. This was a well-received initiative, and we will continue to build on this partnership.


Easterhouse Phoenix Development Limited (Registered number: SC375467)

Report of the Trustees
for the Year Ended 31 March 2024

ACHIEVEMENT AND PERFORMANCE
Achievements and Performance
The Phoenix Community Centre currently has: a function hall, a main hall, a seating area, a large kitchen and a small kitchen, two boxing rooms, a fitness room, showers/changing rooms, a meeting room and an office. These areas are available for use by the various clubs, groups and people from the local community.
Our footfall continues to grow significantly with over 1000 people coming through our doors every week. This clearly indicates that we are providing activities that people want to participate in. However, we are not complacent and review activities on a regular basis to ensure that each club/activity remains relevant. We are limited in what we can offer based on the space that we have available, which is why we now hire space in a nearby facility to accommodate our badminton, walking football and pickleball
We continue to work closely with groups from Kelvin College and Lochend High School. The students take part in a range of activities including boxing, table tennis, walking football, cycling and cycle maintenance.
The East End of Glasgow Parkinsons Café is now run in conjunction with the Phoenix Parkinson's Cyle Club and is on twice a month.
A grant from the Winter Social Wellbeing Fund provided funding for our Over 60's
Club and Men@Phoenix Xmas Lunches. The funding also included food for St Patrick's Day and a visit from the Easter Bunny. In addition some funding went towards heating and lighting.
We made a successful bid to the British Heart Foundation for a defibrillator. This is now situated in the entrance to the centre.
Chair Yoga continues to do well with 80 - 100 people attending our free classes which are on twice a week. The improvement we see in people's flexibility and movement in addition to the reduction of stress and anxiety is really encouraging. Our application to the Winter Social Wellbeing Fund included funding for this activity.
Charitable activities
The range of activities that we are currently offering are:
Phoenix Boxing Club is on Tuesdays and Thursdays. The early class 6 - 7pm is for 7 - 11 years old and the 7.15 pm - 9pm class is for 12 years upwards. An additional boxing session is available on Fridays from 6 - 7.30 for developing boxers who are doing additional training, preparing for fights. We have 5 qualified coaches.
The head coach Jason was an experienced amateur boxer with over 40 fights under his belt. The club is affiliated with Boxing Scotland.
Phoenix Table Tennis Club meets on Wednesdays. The kids class is from 5 - 6pm and the adults class is 6 - 8pm. These sessions are open to people of all ages and abilities. We have 6 tables so can accommodate plenty of enthusiastic players. The club is affiliated with Table Tennis Scotland.
Weight Training is flexible and can be booked at mutually agreeable times with the coach who is an ex Scottish Champion Powerlifter. There is a drop-in session on Tuesday from 1.30 - 2.30 and a specialised coaching session on Fridays 1.30 -
2.30pm.
Phoenix Fishing Club has outings throughout the year and is open to anyone interested in fishing. Contact us for more details.
Phoenix Cycle Club currently meets on Wednesdays, Fridays and Saturday mornings. These free led rides are from 10 - 12pm and are usually around the Seven Lochs Wetlands. During the summer we offer longer rides. There is the opportunity to book a beginner 1:1 session on Monday or Tuesday mornings. There are a range of bikes available to suit a wide variety of ages and abilities and trained cycle leaders to ensure the safety of all participants. Basic cycle repairs are also available. The club is affiliated with Scottish Cycling and Cycling UK/Scotland.
Yoga classes are on Mondays 6.30 - 7.30pm, Tuesdays 6 - 7pm and Fridays 6 7pm. Chair yoga is available on Mondays and Fridays from 12.30 - 1.30. Monday's class is run by Jillian and all other classes are run by YoGlasgow. All our Yoga teachers are highly experienced.
Phoenix Pedals is on every second Sunday and is for children aged 3 - 7. This class teaches kids to cycle in a safe environment. Booking is essential as the class numbers are limited.
Phoenix Parkinson's Cycle Club meets on the 1 st and 3 rd Monday of every month. We have a comprehensive range of adapted bikes along with lots of volunteers to help make this a fantastic opportunity for those living with Parkinson's to take part in physical activity.
Phoenix Over 60's Club meets every Thursday from 1 - 3pm. Sandwiches, tea/coffee, biscuits and chat for the first hour followed by bingo or snooker, pool, dominoes etc. It is a great way to meet new friends and reconnect with old ones. The club is affiliated with Glasgow Golden Generation and Age Scotland.
Men@Phoenix meets every Wednesday from 12 - 3pm. Tea/coffee, biscuits and good banter along with carpet bowls, snooker, pool, table tennis, putting, dominos, darts, chess and draughts.
Women@Phoenix meets every Tuesday from 12 - 3pm. There are a range of activities available including Tae Kwondo, Line Dancing, walking and cycling along with pool, table tennis, dominoes etc.

Easterhouse Phoenix Development Limited (Registered number: SC375467)

Report of the Trustees
for the Year Ended 31 March 2024

Karate classes are on every Saturday from 10.30-11.30am. The class is for 2 year olds and upwards and is run by Taz who is an experienced instructor with IJnited Karate.
Phoenix Fencing classes for 8 - 12 year olds and is on every Tuesday from 4 5pm. These classes are run by Scottish Fencing and are currently free.
Phoenix Badminton club is open on Friday evenings from 5 - 7pm in a nearby facility. We have a large supply of rackets for those who need them,
Phoenix Pickleball is on every Thursday from 5 - 7pm and is open to adults and children. We have a Pickleball Scotland Ambassador who can help those new to the sport.
Women Only Fitness Class is on every Wednesday from 7 - 8pm. This class works on improving overall fitness and is run by a qualified coach.
Our plan as always is to consolidate our range of activities on offer, adding new activities where and when possible, while continuing to meet the needs of our clientele.

FINANCIAL REVIEW
Financial Review
Reserves policy
It is the charity's objective to build sufficient cash reserves to protect it when things get tough, currently our main expenditure is our £6000 annual rent to City Properties which is paid monthly. Year on year the operational costs increase and it remains our intention to be have a reserve based on three months operating costs.

Principal funding sources
During the year, our charity's main source of funding has been through grants, rents and donations. In addition the regular revenue from hall hire and private functions is essential for us to maintain our spaces. This year as part of our membership of GCVS we signed up to the Glasgow Community Lottery which we get a small return from.
Bike for Good received £40,000 to provide their services. This covered their cycle leaders, bike maintenance and training courses and an advertising campaign to promote our cycling club.
The third year of our CES grant has helped ensure that we can continue to provide the services that the people of Easterhouse expect from us. In addition to this we also received funding from Culture and Sport CCSS, Europe Capital of Sport Fund, Youth Scotland Glas-Glow Up Grant, Big National Lottery Fund, Glasgow City Council GCC, Spiers Gumley Ltd and the Area Partnership.

FUTURE DEVELOPMENTS
Awareness and support for our efforts remains excellent across most sectors. We continue to attract a great deal of positive publicity for the charity with stories appearing in local and national press and on social media and this has helped raise awareness of the work that we are doing across the local community, the wider Glasgow community and across Scotland. We will be increasing our social media presence over the next year and looking at alternative ways to engage with the wider community.
Securing funding to maintain the building remains a priority as we need to ensure the building is safe and watertight. Acquiring the scrub land to the west of our building is also something that we are hoping to investigate further.
Developing our suite of activities is essential as is ensuring that staff are fully trained where required. As we continue to grow, additional paid staff will also be required.
We will continue to work with members of the community to provide a facility that they can utilise and that they can be proud of. We are happy to take on board suggestions from the local community regarding the activities that they wish to take part in and will try our utmost to make these happen. We remain optimistic about the future and are grateful for the support that we have received.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC375467 (Scotland)

Registered Charity number
SC041471


Easterhouse Phoenix Development Limited (Registered number: SC375467)

Report of the Trustees
for the Year Ended 31 March 2024

Registered office
2nd Floor
22-24 Blythswood Square
Glasgow
G2 4BG

Trustees
R McShane Trustee
Ms C Cumming Director
Ms L A Fraser Volunteer

Company Secretary

Approved by order of the board of trustees on 29 November 2024 and signed on its behalf by:





R McShane - Trustee

Easterhouse Phoenix Development Limited

Statement of Financial Activities
for the Year Ended 31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 8,830 4,620 13,450 2,369

Charitable activities
General
73,329 38,262 111,591 69,479

Investment income 2 17,457 - 17,457 15,075
Total 99,616 42,882 142,498 86,923

EXPENDITURE ON
Charitable activities
General
81,888 8,118 90,006 73,528

Other 5,500 - 5,500 6,800
Total 87,388 8,118 95,506 80,328

NET INCOME 12,228 34,764 46,992 6,595


RECONCILIATION OF FUNDS
Total funds brought forward 150,815 57,458 208,273 201,678

TOTAL FUNDS CARRIED FORWARD 163,043 92,222 255,265 208,273

Easterhouse Phoenix Development Limited (Registered number: SC375467)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 61,019 50,125 111,144 60,793

CURRENT ASSETS
Debtors 8 6,034 - 6,034 -
Cash at bank and in hand 99,669 42,097 141,766 150,461
105,703 42,097 147,800 150,461

CREDITORS
Amounts falling due within one year 9 (3,679 ) - (3,679 ) (2,981 )

NET CURRENT ASSETS 102,024 42,097 144,121 147,480

TOTAL ASSETS LESS CURRENT
LIABILITIES

163,043

92,222

255,265

208,273

NET ASSETS 163,043 92,222 255,265 208,273
FUNDS 11
Unrestricted funds 163,043 150,815
Restricted funds 92,222 57,458
TOTAL FUNDS 255,265 208,273

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Easterhouse Phoenix Development Limited (Registered number: SC375467)

Balance Sheet - continued
31 March 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 29 November 2024 and were signed on its behalf by:





R McShane - Trustee

Easterhouse Phoenix Development Limited

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

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.


Easterhouse Phoenix Development Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. INVESTMENT INCOME
31.3.24 31.3.23
£    £   
Rents received 17,363 15,035
Deposit account interest 94 40
17,457 15,075

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.24 31.3.23
£    £   
Depreciation - owned assets 6,450 3,626
Other operating leases 5,500 6,800

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.


5. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.24 31.3.23
Admin 1 1
Centre 1 1
2 2

No employees received emoluments in excess of £60,000.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 369 2,000 2,369

Charitable activities
General
68,729 750 69,479

Investment income 15,075 - 15,075
Total 84,173 2,750 86,923

Easterhouse Phoenix Development Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£    £    £   

EXPENDITURE ON
Charitable activities
General
67,618 5,910 73,528

Other 6,800 - 6,800
Total 74,418 5,910 80,328

NET INCOME/(EXPENDITURE) 9,755 (3,160 ) 6,595


RECONCILIATION OF FUNDS
Total funds brought forward 141,059 60,619 201,678

TOTAL FUNDS CARRIED FORWARD 150,814 57,459 208,273

7. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 April 2023 36,919 44,972 227
Additions - 56,801 -
At 31 March 2024 36,919 101,773 227
DEPRECIATION
At 1 April 2023 3,860 17,702 8
Charge for year 738 5,637 5
At 31 March 2024 4,598 23,339 13
NET BOOK VALUE
At 31 March 2024 32,321 78,434 214
At 31 March 2023 33,059 27,270 219

Easterhouse Phoenix Development Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. TANGIBLE FIXED ASSETS - continued
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 4,000 280 86,398
Additions - - 56,801
At 31 March 2024 4,000 280 143,199
DEPRECIATION
At 1 April 2023 4,000 35 25,605
Charge for year - 70 6,450
At 31 March 2024 4,000 105 32,055
NET BOOK VALUE
At 31 March 2024 - 175 111,144
At 31 March 2023 - 245 60,793

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 6,034 -

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 10) - 1,314
Social security and other taxes 377 -
Net Wages 1,606 -
Pension Fund 146 117
Accrued expenses 1,550 1,550
3,679 2,981

10. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year on demand:
Bank overdrafts - 1,314


Easterhouse Phoenix Development Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 150,815 12,228 163,043

Restricted funds
Cycling

22,871 59,104 81,975
Boxing (1,314 ) 10,946 9,632
Erasmus

35,686 (35,286 ) 400
Mens Club 3,000 - 3,000
Phoenix United Football Club (2,785 ) - (2,785 )
57,458 34,764 92,222
TOTAL FUNDS 208,273 46,992 255,265

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 99,616 (87,388 ) 12,228

Restricted funds
Cycling

63,148 (4,044 ) 59,104
Boxing 15,020 (4,074 ) 10,946
Erasmus

(35,286 ) - (35,286 )
42,882 (8,118 ) 34,764
TOTAL FUNDS 142,498 (95,506 ) 46,992


Easterhouse Phoenix Development Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.22 in funds 31.3.23
£    £    £   
Unrestricted funds
General fund 141,059 9,756 150,815

Restricted funds
Cycling

23,412 (541 ) 22,871
Boxing 1,306 (2,620 ) (1,314 )
Erasmus

35,686 - 35,686
Mens Club 3,000 - 3,000
Phoenix United Football Club (2,785 ) - (2,785 )
60,619 (3,161 ) 57,458
TOTAL FUNDS 201,678 6,595 208,273

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 84,173 (74,417 ) 9,756

Restricted funds
Cycling

750 (1,291 ) (541 )
Boxing 2,000 (4,620 ) (2,620 )
2,750 (5,911 ) (3,161 )
TOTAL FUNDS 86,923 (80,328 ) 6,595

Easterhouse Phoenix Development Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.22 in funds 31.3.24
£    £    £   
Unrestricted funds
General fund 141,059 21,984 163,043

Restricted funds
Cycling

23,412 58,563 81,975
Boxing 1,306 8,326 9,632
Erasmus

35,686 (35,286 ) 400
Mens Club 3,000 - 3,000
Phoenix United Football Club (2,785 ) - (2,785 )
60,619 31,603 92,222
TOTAL FUNDS 201,678 53,587 255,265

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 183,789 (161,805 ) 21,984

Restricted funds
Cycling

63,898 (5,335 ) 58,563
Boxing 17,020 (8,694 ) 8,326
Erasmus

(35,286 ) - (35,286 )
45,632 (14,029 ) 31,603
TOTAL FUNDS 229,421 (175,834 ) 53,587


Easterhouse Phoenix Development Limited

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.