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THE PHOENIX PROJECT (IOW)

Registered charity 1141567 · accounts filings on the Charity Commission register

The Phoenix Project (IOW) provides a service where adults with learning disabilities and autism can spend time actively engaged in a variety of different activities tailored to suit the individuals needs.

Causes: Disability · website · Get email alerts

Latest income
£674k
Latest spending
£656k
Registered
2011
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported an overall surplus of £17,471 for the year ended 31 March 2025, with total income increasing to £673,727. Per the trustees' report, free reserves at year-end amounted to £231,798, representing four months of operating costs, which is below the desirable target of six months' running costs (£300,000). The trustees believe it is appropriate to apply the going concern basis as they have a reasonable expectation that the charity can continue to manage operational risks.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: six months running costs (held: £232k)
“A general fund reserve based on six months running costs is considered desirable by the Trustees, which would amount to £300,000.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: A Trustee had a family member who was a service user, whose fees were paid by the local authority of £30,513. This was on the same terms as the other service users. This trustee has subsequently resigned.
“During the prior year, a Trustee had a family member who was a service user, whose fees were paid by the local authority of £30,513. This was on the same terms as the other service users. This trustee has subsequently resigned.” — page 25
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Public profiles (found on the charity’s own website): facebook

Structured financials (annual return, FY ending 31/03/2025)

Total income
£674k
Total spending
£656k
Reserves (reported)
£343k
Employees
33

Reported reserves equal ~6.3 months of spending — above the median for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (98% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Isle Of Wight

Income and spending

Financial year endIncomeSpending
31/03/2025£674k£656k
31/03/2024£683k£651k
31/03/2023£629k£602k
31/03/2022£599k£579k
31/03/2021£548k£584k

Common questions

Is THE PHOENIX PROJECT (IOW) financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported an overall surplus of £17,471 for the year ended 31 March 2025, with total income increasing to £673,727. Per the trustees' report, free reserves at year-end amounted to £231,798, representing four months of operating costs, which is below the desirable target of six months' running costs (£300,000). The trustees believe it is appropriate to apply the going concern basis as they have a reasonable expectation that the charity can continue to manage operational risks. Its FY2025 accounts were independently examined.