Registered number: 2693334 Charity number: 1051317 

## **Wonder Arts Limited** 

**INDEPENDENTLY EXAMINED ACCOUNTS FOR THE YEAR ENDED 31/03/2025** 

## **Prepared By:** 

Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH 

**Wonder Arts Limited** 

**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2025** 

## **TRUSTEES** 

Carl Beer (resigned 16/07/2025) Jennifer Camilleri Graeme Dixon Joe Gilmour-Rees Isah-Levi Green Roach (appointed 07/05/2024) Phil Gwilliam Kevin Jones MBE (Chair) Tanya McGibbon Karen Metcalfe (resigned 11/02/2025) Chad Taylor Emily Scrutton (appointed 13/05/2024; resigned 10/02/2025) 

## **SECRETARY** 

Fay Lamb 

## **REGISTERED OFFICE** 

Deafness Resource Centre Ltd Dentons Green Lane, Dentons Green St Helens Merseyside WA10 2QB 

## **COMPANY NUMBER** 

2693334 

## **CHARITY NUMBER** 

1051317 

## **BANKERS** 

Natwest Bank plc, PO Box 25, 5 Ormskirk Street, St Helens, Merseyside, WA10 1DR 

## **SOLICITORS** 

Barrow and Cook, 5-7 Victoria Square, St Helens, Merseyside, WA10 1HQ 

## **INDEPENDENT EXAMINER Julie Guinan FCCA** 

page 1 

**Wonder Arts Limited** 

**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2025** 

Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH 

page 2 

## **Wonder Arts Limited** 

## **ACCOUNTS FOR THE YEAR ENDED 31/03/2025** 

## **CONTENTS** 

||Page|
|---|---|
|Report of the Trustees|4|
|Independent Examiner's Statement|12|
|Statement of Financial Activities|14|
|Balance Sheet|15|
|Notes to the Accounts|16 to 26|
|Detailed Statement of Financial Activities|27|



page 3 

**Wonder Arts Limited** 

## **FOR THE YEAR ENDED 31/03/2025** 

## **TRUSTEES' REPORT** 

The trustees present their report and accounts for the year ended 31/03/2025 . 

Company information set out on page 1 forms part of this report. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Companies Act 2006, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities applicable to charities preparing their accounts with the Financial Reporting Standard FRS 102. 

## **CHAIRS REPORT** 

Steadfastness and resilience are two admirable attributes in a fast changing world. We have exhibited these behaviours many times over the last 20 years and I am very proud that our small charity has managed to ride many storms to still keep providing wonderful productions to those most in need in our area. We've stepped up to the challenges on each occasion with tenacity and creativity and will continue to do so in the future. 

Our financial position is stable and we can say with confidence that we are a going concern. Our operating expenses have risen (as budgeted), but also our income has exceeded expectations due to astute financial management, wise investments and creative fundraising. We have therefore managed to transfer surplus funds back to our designated reserves to help towards future stability. The Board once again are delighted with the annual results and officially pass on our grateful thanks to Fay and her incredible team. 

Our Equity, Equality, Diversity and Inclusion objectives continue to be at the forefront of our mind, as is our ongoing Environmental responsibility. These are regularly discussed at Board. Our varied and creative performance schedule continues to touch the heart of those in most need and encourages people who have never been involved in the arts to try it, grow it and love it. 

We are also fully aware of the need to diversify from a purely St. Helens based funding model. We are therefore continuing to look within the wider Liverpool City Region and also extend our footprint into the Wigan area via several joint initiatives. This should help to augment our potential future NPO support, whilst continuing to fulfil our long term obligations to St. Helens. The strategy of the Board has always been to maintain a financially stable charity, adhering to good governance and being innovative and creative where possible for the benefit of the wider community. 

I wish to thank my fellow Board members for their continued support and input during the last twelve months. I particularly wish to thank Carl Beer, who will retire permanently from the Board at this AGM. Carl has been one of the longest serving Board members and his business acumen, wisdom and insightfulness have been a tremendous asset to the Board over so many years. We wish him well in his retirement and offer our heartfelt thanks for his service. 

Karen Metcalfe has also left the Board as she is now undertaking paid consultancy work for Wonder Arts to help towards our NPO bid in 2028. Again, her practical hands on knowledge and vast experience has been a great benefit to us and we hope that her new role will continue to add enormous value to our future aims and objectives. Emily Scrutton, our youngest Board member, has also relinquished her position to take up paid employment. We are very grateful for her support. 

page 4 

## **Wonder Arts Limited** 

## **FOR THE YEAR ENDED 31/03/2025** 

## **TRUSTEES' REPORT** 

Penultimately, I would like to thank Fay, our CEO and Artistic Director. She has pulled through a very challenging personal year. Various family issues required time off and yet she delegated effectively to her management team who have maintained the correct trajectory throughout. We thank the whole team, especially Marie and Danny for their ongoing devotion to duty and diligent handling of the business in her absence. Everything is always dealt with professionally and with a smile. There are many challenges ahead in the coming months and years and our steadfastness and resilience will help us to pull through. 

Lastly, this will be my final note as chair, as later this year I too will be stepping down and handing over the reigns to Graeme (as Chair) and Jenn (as Vice Chair). I wish them both every possible success in the future. 

It has been a privilege and honour to serve in this position over many years for such a wonderful North West charity. I will of course continue to support Wonder Arts wherever possible. A philosopher once said: Life is nothing without Art; it fires the soul and brings out the best of our humanity. How very true! 

Kevin Mark Jones MBE 

Chairperson - Wonder Arts 

## **STRUCTURE GOVERNANCE AND MANAGEMENT** 

The charity is a company limited by guarantee incorporated on 3 March 1992 and registered as a charity on 7 December 1995. The company was established under a Memorandum of Association which established the objects and powers of the charity and is governed under its Articles of Association. On December 6th 2021 the company Citadel Arts Limited changed its name to Wonder Arts Limited 

## **TRUSTEES AND PRINCIPAL OFFICERS** 

The names of the trustees who held office during the year can be found on Page 1. 

At the Annual General Meeting Joe Gilmour-Rees, Phil Gwilliam and Jennifer Camilleri retire by rotation and being eligible offer themselves for re-election. The appointment and resignation of trustees are governed by the memorandum and Articles of Association. 

No trustee received any remuneration for their services as a trustee. If an trustee has any interest in the contracts of the Charity these are managed within the Charity's Trustee Conflict of Interest Policy and in accordance with Charity Commission guidelines. 

## SENIOR MANAGEMENT 

Fay Lamb - Chief Executive and Artistic Director 

## **PAY OF SENIOR STAFF** 

page 5 

## **Wonder Arts Limited** 

## **FOR THE YEAR ENDED 31/03/2025** 

## **TRUSTEES' REPORT** 

The pay of senior staff is reviewed and reflects the level of skill experience and knowledge for the roles and remuneration levels in the sector. 

## **ORGANISATION** 

The Trustees meet quarterly in accordance with a schedule of meetings set twelve months in advance. In between regular Board meetings, the Finance and Personnel Committee meet with the executive management and report business transacted back to the Board. The Board agrees policy and oversees the management of the organisation, which is implemented and carried out on a day to day basis by the staff. In setting policy the Board of Trustees gives due consideration to guidance issued by the Charity Commission concerning public benefit. 

## **INVESTMENT POWERS** 

Under the memorandum and articles of association the charity has the power to make any investment which the trustees see fit. 

## **RELATED PARTIES** 

The charity has had close relationships with St Helens Metropolitan Borough Council who have provided funding and opportunities to develop joint initiatives and deliver joint activities. 

## **STATEMENT OF TRUSTEES RESPONSIBILITIES** 

The charity trustees (who are also the directors of Wonder Arts Limited for the purposes of Company Law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. 

Company law requires the trustees to prepare the financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the net incoming or outgoing resources of the charity for that period. In preparing the financial statements, the trustees are required to: 

- Select suitable accounting policies and then apply them consistently; 

- Observe the methods and principles in the Charities SORP; 

- Make judgements and accounting estimates that are reasonable and prudent; 

- State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 

page 6 

## **Wonder Arts Limited** 

## **FOR THE YEAR ENDED 31/03/2025** 

## **TRUSTEES' REPORT** 

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

## **POLICIES AND PROCEDURES FOR INDUCTION AND TRAINING OF TRUSTEES** 

Following the recruitment process a new trustee will meet with the Chair, Chief Executive and relevant key staff to go through an induction pack, which includes; 

- History of the organisation 

- Memorandum and Articles of Association 

- Current business plan and budget 

- Mission statement and equal opportunities policy 

- Latest annual report and accounts 

- Recent and forthcoming programming information 

- Roles and Responsibilities of board members 

- Board List with contact details and brief biographies 

- Minutes of the last four board meetings 

- Board meeting schedule 

- Organisation chart, list of staff and brief biographies of senior staff. 

- Safeguarding and whistleblowing policies 

At a meet and greet session with board members, employees and volunteers, there is opportunity for informal discussion and to become acquainted with the team. Trustees have been advised of any suitable training courses provided by training providers. 

## **PURPOSES AND ACTIVITIES** 

The principal activity of the charity in the year under review was operating a Family and Children's Art Agency . 

In accordance with the Memorandum of Association, Wonder Arts Limited is established to foster, promote, maintain, improve, develop and advance education and artistic knowledge and understanding and appreciation of the arts, by the encouragement of the arts, including the arts of drama, mime, dance, singing and music, the visual arts, craft, performance and film and to formulate, prepare and establish schemes therefore provided that all objects of the company shall be of a charitable nature. 

page 7 

**Wonder Arts Limited** 

## **FOR THE YEAR ENDED 31/03/2025** 

## **TRUSTEES' REPORT** 

## **WONDER ARTS MISSION STATEMENT** 

This statement addresses the public benefits delivered by the charity. 

Wonder Arts Vision: We believe magical artistic experiences have the power to change peoples' lives 

Wonder Arts Mission: Our mission is to bring artistic experiences to children, young people and families, who rarely have the opportunity to engage with the arts, to create profound and positive life changing impacts. 

## Wonder Arts Principal Aims 

Wonder Arts has three guiding aims of Performance, Participation and Reputation each directly correlating to a strand of Wonder Arts activity. 

Aim: Performance - Provide life enhancing children and family arts experiences. 

Wonder Arts provides a high-quality performance programme for children and families in the public realm which attracts local, regional, national and international artists and audiences. 

Aim: Participation - Improve enjoyment and wellbeing of children and young people via arts. 

Wonder Arts delivers a high-quality participation programme for young people which provides skills, confidence and wellbeing benefits for children, young people and families. 

Aim: Reputation - Collaborate with arts sector partners to enhance the cultural offer. 

Wonder Arts works in partnership with arts and non-arts partners to develop a financially and artistically resilient operating model which celebrates and reflects diversity, inclusion and equality within our work and communities. 

## **ACHIEVEMENTS AND PERFORMANCE** 

## CURRENT POSITION 

Wonder Arts is a building free organisation for children and families operating exclusively in non-traditional spaces and the public realm. We provide high quality artistic experiences that are different to the norm, creating happiness, enjoyment and transformative life changing impacts for children, young people and families who would not normally engage with traditional arts venues. 

During 2024/25 we have continued to deliver 3-year funding commitments with Arts Council England (NLPG) and National Lottery Reaching Communities plus a delivery contract with St Helens Council. In addition, we secured financial support from public and private funders and stakeholders. 

page 8 

## **Wonder Arts Limited** 

## **FOR THE YEAR ENDED 31/03/2025** 

## **TRUSTEES' REPORT** 

Wigan Development: During 2024/5 Wonder Arts began its pilot expansion of the Arts in Towns programme into neighbouring Local Authority and ACE Priority Area Wigan. In partnership with, and part funded by Wigan Council and Big Imaginations we delivered 8 high quality performances which engaged 333 children, young people and families. 

## PERFORMANCE, PARTICIPATION & ARTIST DEVELOPMENT PROGRAMMES 

We deliver three strands of activity; Performance, Participation and Artist Development. April 2024 to March 2025 saw a full performance, participation and artist development programme of indoor and outdoor artistic activity that engaged over 4,500 people. 

Performance: The 2024/25 programme engaged over 2,200 audiences with 30 events. Our online presence reached 134,000 people digitally. 

Participation: We engaged 1677 participants with 120 workshops, and 537 schoolchildren who engaged in 6 school activities. 

Artist Development: Wonder Arts collaborated with 106 artists, supported 4 new commissions and worked with 119 different partners from across the UK in the planning and delivery of our programme. 

We continue to build the Wonder Arts brand within the local, regional and national CYP sector. Locally we partner with Creative People and Places ‘Heart of Glass', St Helens Council, St Helens Libraries NPO and St Helens Deafness Resource Centre. Regionally Wonder Arts is expanding its programme into Wigan and is a partner in Big Imaginations Children's Theatre Network enabling high quality performance programming across children's theatre with strategic audience development. Nationally, Wonder Arts is a member of TYA Theatre for Young Audiences network and a Without Walls Creative Development Network member. 

## **FINANCIAL REVIEW** 

The results for the year and the charity's financial position at the end of the year are shown in attached financial statements. 

The Statement of Financial Activities shows the movement on funds. Total incoming resources were £220,531 (2024 £196,731) and total resources expended were £195,390 (2024 £186,583). The total net incoming resources for the year were £25,141 (2024 £10,148) comprising £11,521 net incoming resources (2024 £7,494) on the unrestricted fund and £13,620 net incoming resources (2024 £2,654) on the restricted funds for the year. Total funds on the balance sheet at 31 March 2025 were £193,245 (2024 £168,104). Total funds comprise £132,040 unrestricted funds (2024 £120,519) and £61,205 restricted funds (2024 £47,585). The unrestricted funds are general funds of £46,500 (2024 £45,500) and designated funds of £85,540 (2024 £75,019). The designated funds are for creative delivery and development for continuing activities. 

## **TANGIBLE FIXED ASSETS** 

page 9 

**Wonder Arts Limited** 

## **FOR THE YEAR ENDED 31/03/2025** 

## **TRUSTEES' REPORT** 

Movements in tangible fixed assets are shown in note 4 to the accounts. 

## **RESERVES POLICY** 

The trustees consider that the most appropriate level of free reserves (that is those funds not tied up in fixed assets and designated and restricted funds) that the charity will require to sustain its operations over the period when projects or funding streams end and new ones begin would be 3 months' running costs including a closure contingency in unforeseen circumstances (£48,250 based on current spending levels). Unrestricted funds at 31 March 2025 are £132,040 of which £85,540 is currently designated by the trustees in a Creative Delivery and Development Fund required for short term business plans and creative activity. The balance of £46,500 in general funds is the free reserve held for resilience, sustainability and continuity. This is increased by £500 per year. The trustees consider that the current level of free reserves is adequate for the Charity's needs and the reserves policy will be reviewed annually. 

## **RISK** 

The trustees confirm that controls are in place designed to mitigate the major risks to which the charity is faced. The potential fundraising shortfall is a major risk and one of which the trustees are acutely aware. They are driving forward plans aimed at mitigating risks and improving resources thereby creating new opportunities for the users. The business plan assesses the risk of the options put forward in it for full consideration by management. 

## **PLANS FOR THE FUTURE** 

We are delivering a three-year business plan to March 2026 which engages Arts Council England (NLPG), National Lottery Reaching Communities and St Helens Council as fully committed funders / delivery contractors for the period. Beyond April 2026 we have submitted a further two-year ACE NLPG bid and four-year National Lottery Reaching Communities bid. Our long-term aim remains to enter the ACE National Portfolio from April 2028. We are confident Wonder Arts business plan and expansion of our Arts in Towns model responds strategically to the changing macro environment and builds a resilient, dynamic organisation that is fit for the future. 

Wonder Arts is committed to celebrating and reflecting equity, equality, diversity and inclusion (EEDI) within our organisation, work and communities via our EEDI Policy and Action Plan. We are also taking steps to reduce the environmental impact of our organisation via our Environmental Policy and Action Plan. 

## **INDEPENDENT EXAMINERS** 

The Independent Examiner, Julie Guinan on behalf of Harvey Guinan LLP, has indicated willingness to remain in office and a resolution will be proposed for re-appointment at the forthcoming Annual General Meeting. 

## **SMALL COMPANY RULES** 

page 10 

**Wonder Arts Limited** 

## **FOR THE YEAR ENDED 31/03/2025** 

## **TRUSTEES' REPORT** 

The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. 

This report was approved by the Board of Trustees on 16/07/2025 Kevin Jones MBE (Chair) 

page 11 

**Wonder Arts Limited** 

## **INDEPENDENT EXAMINER'S STATEMENT** 

## **FOR THE YEAR ENDED 31/03/2025** 

## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WONDER ARTS LIMITED** 

I report on the accounts of the company for the year ended 31/03/2025 . 

## **RESPONSIBILITIES AND BASIS OF REPORT** 

As the charity's trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act). 

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act. 

## **INDEPENDENT EXAMINERS STATEMENT** 

The company's gross income did not exceed £250,000 but I am qualified to undertake the examination by being a qualified member of ACCA. 

I have completed my examination. I confirm that no material matters have come to my attention which give me cause to believe that: 

- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or 

- the accounts do not accord with such records; or 

- the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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; or 

- the accounts have not been prepared in accordance with the Charities SORP (FRS102). 

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. ................................................... Julie Guinan FCCA Independent Examiner Date: 16/07/2025 fobs fran Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House 

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**Wonder Arts Limited** 

**INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED 31/03/2025** 

Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH 0151 709 7797 

page 13 

## **Wonder Arts Limited** 

## **Statement of Financial Activities for the year ended 31/03/2025** 

|**Income**<br>Income from generated funds<br>Income from Investments<br>Income from charitable activities<br>**Total Income and endowments**<br>**Expenses**<br>Costs of generating funds<br>Expenditure on Charitable activities<br>**Total Expenses**<br>**Net Income**<br>**Net movement in funds:**<br>**Net income for the year**<br>Total funds brought forward<br>**Net funds carried forward**|**Unrestricted**<br>**funds**<br>**£**<br>4,952<br>47,963<br>**52,915**<br>41,394<br>**41,394**<br>**11,521**<br>**11,521**<br>120,519<br>**132,040**|**Restricted**<br>**funds**<br>**£**<br>-<br>167,616<br>**167,616**<br>153,996<br>**153,996**<br>**13,620**<br>**13,620**<br>47,585<br>**61,205**|**2025**<br>**Total**<br>**£**<br>4,952<br>215,579<br>**220,531**<br>195,390<br>**195,390**<br>**25,141**<br>**25,141**<br>168,104<br>**193,245**|_2024_<br>_Total_<br>_£_<br>_3,987_<br>_192,744_|
|---|---|---|---|---|
|||||_196,731_|
|||||_186,583_|
|||||_186,583_|
|||||_10,148_|
|||||_10,148_<br>_157,956_|
|||||_168,104_|



This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities 

page 14 

## **Wonder Arts Limited** 

|**BALANCE SHEET AT 31/03/2025**|**BALANCE SHEET AT 31/03/2025**|||||
|---|---|---|---|---|---|
||||**2025**||_2024_|
||**Notes**||**£**||_£_|
|**FIXED ASSETS**||||||
|Tangible assets|4||-||_-_|
|**CURRENT ASSETS**||||||
|Debtors (amounts falling due within one year)|6|5,013||_5,582_||
|Cash at bank and in hand||240,998||_185,932_||
|||246,011||_191,514_||
|**CREDITORS: Amounts falling due within one year**|7|52,766||_23,410_||
|**NET CURRENT ASSETS**|||193,245||_168,104_|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**|||193,245||_168,104_|
|**RESERVES**||||||
|**Unrestricted funds**|**9**|||||
|General fund|||46,500||_45,500_|
|Designated funds|||85,540||_75,019_|
|**Restricted funds**|**10**||**61,205**||_47,585_|
||||193,245||_168,104_|



For the year ending 31/03/2025 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 in accordance with the provisions applicable to companies subject to the small companies regime. 

**Approved by the board of trustees on 16/07/2025 and signed on their behalf by** ............................. Kevin Jones MBE (Chair) Trustee Kpul 

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**Wonder Arts Limited** 

**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/03/2025** 

## **1. ACCOUNTING POLICIES** 

## **1a. Basis Of Accounting** 

The accounts have been prepared under the historical cost convention. 

The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. 

## **1b. Incoming Resources** 

Voluntary income including cash and in kind donations and grants that provide core funding or are of a general nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when: - The donor specifies that the grant or donation must only be used in future accounting periods or - The donor has imposed conditions which must be met before the charity has unconditional entitlement. Income from commercial activities is recognised as earned as the related goods and services are provided. Gift aid has been included when receivable. Investment income is recognised on a receivable basis. Income from charitable activities includes income from the operation of a family and children's art agency and includes income received from Young Wonders subscriptions, production and performance and related administration income, workshop income and project income all recognised as the related goods and services are provided. Grant income in this category provides funding to support community outreach and performance activity under a service level agreement or project grants to deliver specific creative programmes of work. This category of grant income is also recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Such income is deferred when: - Admission fees (ticket sales) are received in advance of the performance date or event to which they relate or grants received under a service level agreement are received in advance of the financial year to which they relate. Donated Services (In Kind Income) These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. 

## **1c. Resources Expended** 

Expenditure is recognised when a liability is incurred. Costs of generating funds are those costs incurred in trading activities that raise funds. Charitable activities include expenditure associated with performances, workshops, art and education projects and include both the direct costs and support costs relating to these activities. Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirement and include costs of independent examination. 

page 16 

**Wonder Arts Limited** 

## **1d. Allocation And Apportionment Of Costs** 

Support costs include central functions and have been allocated to activities on a basis consistent with the use of resources, for example based upon staff time allocated to the activity or space occupied by the activity of the organisation. 

## **1e. Fund Accounting** 

Funds held by the charity are either: Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Designated funds – these are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects. Restricted funds – these are funds that 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 a particular restricted purpose. Further explanation of the nature and purpose of each fund is included in the notes to the accounts. 

## **1f. Depreciation** 

Fixed assets are shown at historical cost. 

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. 

At each Balance sheet date the charity reviews the carrying amount of its tangible assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss if any. Where it is not possible to estimate the recoverable amount of the asset the charity estimates the recoverable amount of the cash generating unit to which the asset belongs. 

## **1g. Pension Costs** 

The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. 

## **1h. Turnover** 

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. 

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**Wonder Arts Limited** 

## **1i. Investments** 

The investment was in the subsidiary company that ceased to trade on 31 March 2012 with the former trading activities of running a bar and other commercial activities at the Citadel Arts Centre incorporated into those of the charity from that date. The financial statements do not include the results of the trading company and are not therefore consolidated accounts. The trading subsidiary has now been dissolved and with effect from 11 June 2024 this company has been removed from the Companies House register. 

## **1j. Debtors Policy** 

Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid after taking account of any discount due. 

## **1k. Policy For Income Recognition** 

Items of income are recognised and included in the accounts when all of the following are met: (1) The charity has entitlement to the funds; (2) Any performance conditions attached to the income have been met or are fully within the control of the charity; (3) There is sufficient certainty that receipt of the income is considered probable and (4) The amount can be measured reliably. 

## **1l. Cash At Bank And In Hand Policy** 

Cash at bank and in hand includes cash and short term liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## **1m. Creditors And Provisions Policy** 

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement value amount after allowing for any discount due. 

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**Wonder Arts Limited** 

## **1n. Financial Instruments Policy** 

The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

## **1o. Public Benefit** 

Wonder Arts meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). 

## **1p. Policy For Going Concern** 

Based upon business plans and cash flow at the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees are dependent upon the future financial support of key funders. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. The trustees have considered a period of at least 12 months from the date of approval of these accounts. 

## **1q. Leases** 

Rentals payable under operating leases are charged to the statement of financial activities as incurred over the term of the lease. 

page 19 

## **Wonder Arts Limited** 

## **2. DIRECTORS AND EMPLOYEES** 

Particulars of employees (including directors) are shown below: 

|Employee costs during the year amounted to:<br>Wages and salaries<br>Social security costs<br>Pension costs|**2025**<br>**£**<br>97,238<br>3,375<br>3,605<br>104,218|_2024_<br>_£_<br>_92,050_<br>_1,953_<br>_3,385_|
|---|---|---|
|||_97,388_|



There have been no material transactions with trustees throughout the year and none of the trustees received any emoluments or expenses during the year (2024 £Nil) for their services as a trustee. The average number of full time equivalent employees was 3 (2024 2.5). No employee received more than £60,000. The remuneration of key management personnel including pension contributions was £44,124 (2024 £39,957). 

## **3. PENSION CONTRIBUTIONS** 

|Pension contributions|**2025**<br>**£**<br>3,605<br>3,605|_2024_<br>_£_<br>_3,385_|
|---|---|---|
|||_3,385_|



## **4. TANGIBLE FIXED ASSETS** 

|**Cost**<br>At 01/04/2024<br>At 31/03/2025<br>**Depreciation**<br>At 01/04/2024<br>At 31/03/2025<br>**Net Book Amounts**<br>At 31/03/2025|**Fixtures**<br>**and**<br>**Fittings**<br>**£**<br>23,919<br>23,919<br>23,919<br>23,919<br>-|**Total**<br>**£**<br>23,919|
|---|---|---|
|||23,919|
|||23,919|
|||23,919|
|||-|



page 20 

**Wonder Arts Limited** 

## **5. FINANCIAL ASSETS** 

## **Cost** 

## **Amortisation** 

## **Net Book Amounts** 

Wonder Arts wholly owned the issued ordinary share capital of Wonder Arts Trading Limited a dormant company. The subsidiary company has now been dissolved and with effect from 11 June 2024 this company has been removed from the Companies House register. 

|**6. DEBTORS**<br>Amounts falling due within one year:<br>Trade debtors<br>Other debtors|**2025**<br>**£**<br>225<br>4,788<br>5,013|_2024_<br>_£_<br>_2,257_<br>_3,325_|
|---|---|---|
|||_5,582_|



## **7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** 

|Trade creditors<br>Other creditors|**2025**<br>**£**<br>1,396<br>51,370<br>52,766|_2024_<br>_£_<br>_1,451_<br>_21,959_|
|---|---|---|
|||_23,410_|



Included in Other Creditors is deferred income of £46,450 (2024 £16,500) comprising grants in advance of spend in future periods being Arts Council England Project Grant £23,100, Heart of Glass Project Grant £3,500, Awards for All £19.850 (2024 Arts Council England Project Grant £16,500). 

page 21 

## **Wonder Arts Limited** 

## **8. LIMITED BY GUARANTEE** 

The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 31/03/2025 there were 9 members. 

## **9. UNRESTRICTED FUNDS** 

|General fund<br>Creative Delivery and Development Fund (Designated)|**Brought**<br>**forward**<br>**£**<br>45,500<br>75,019<br>120,519|**Incoming**<br>**resources**<br>**£**<br>52,915<br>-<br>52,915|**Outgoing**<br>**resources**<br>**£**<br>(41,394)<br>-<br>(41,394)|**Transfers**<br>**£**<br>(10,521)<br>10,521<br>-|**Carried**<br>**forward**<br>**£**<br>46,500<br>85,540|
|---|---|---|---|---|---|
||||||132,040|



## **Creative Delivery and Development Fund (Designated)** 

Funds Desiganted for Artisitic and Creative Projects and Development 

page 22 

## **Wonder Arts Limited** 

## **10. RESTRICTED FUNDS** 

|Co-op Young Wonders<br>Community Foundation<br>Arts Council England Grants for the Arts<br>Cultural Hub and Arts Service<br>Garfield Weston Foundation<br>Primark<br>P H Holt Foundation<br>Reaching Communities<br>Small grants|**Brought**<br>**forward**<br>**£**<br>766<br>-<br>-<br>-<br>-<br>-<br>10,000<br>36,819<br>-<br>47,585|**Incoming**<br>**resources**<br>**£**<br>1,070<br>5,000<br>33,000<br>7,350<br>15,000<br>20,000<br>15,000<br>61,376<br>9,820<br>167,616|**Outgoing**<br>**resources**<br>**£**<br>(1,836)<br>(5,000)<br>(33,000)<br>(7,350)<br>(15,000)<br>(5,000)<br>(10,000)<br>(66,990)<br>(9,820)<br>(153,996)|**Transfers**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-|**Carried**<br>**forward**<br>**£**<br>-<br>-<br>-<br>-<br>-<br>15,000<br>15,000<br>31,205<br>-|
|---|---|---|---|---|---|
||||||61,205|



## **Co-op Young Wonders** 

Funds for the Young Wonders programme 

## **Community Foundation** 

Funds for arts activities empowering disadvantaged children 

## **Arts Council England Grants for the Arts** 

Funds for Creative and Overhead costs 

## **Cultural Hub and Arts Service** 

Funds for Library Performances and Story Telling Festival 

## **Garfield Weston Foundation** 

Funds for Community Outreach 

## **Primark** 

UK Youth fund for community impact 

## **P H Holt Foundation** 

Funds from the Resilience Fund for Young Wonders 

## **Reaching Communities** 

Funds for Communities of Wonder project 

## **Small grants** 

Funds for the Young Wonders programme 

page 23 

## **Wonder Arts Limited** 

## **11. RELATED PARTY TRANSACTIONS** 

During the year there were no transactions requiring disclosure as related party transactions. 

## **12. INCOMING RESOURCES** 

|**Incoming Resources from Charitable Activities**<br>Donations<br>**Investment Income**<br>Bank Interest Receivable<br>**Incoming Resources for Family and Children's Art Agency**<br>Service Agreements with Public Authorities<br>Performance Income<br>Other Self Generated Income<br>Revenue Grants<br>**Total Incoming Resources**|**Unrestricted**<br>**Funds**<br>938<br>4,952<br>32,000<br>5,591<br>836<br>8,598<br>47,025<br>52,915|**Restricted**<br>**Funds**<br>-<br>-<br>-<br>-<br>-<br>167,616<br>167,616<br>167,616|**Total**<br>**2025**<br>938<br>4,952<br>32,000<br>5,591<br>836<br>176,214<br>214,641<br>220,531|**Total**<br>**2024**<br>560<br>3,987<br>30,000<br>1,934<br>1,303<br>158,947<br>192,184<br>196,731|
|---|---|---|---|---|



page 24 

## **Wonder Arts Limited** 

## **13. EVENTS SINCE THE YEAR END** 

There have been no significant events since the year end. 

## **14. RESOURCES EXPENDED** 

|**Charitable Activities for Operation of a Family and Children's Art Agency**<br>**Direct costs**<br>Performance costs<br>Direct Project costs<br>**Support costs**<br>Staff costs<br>Premises Costs<br>Marketing costs<br>Administration, insurance and finance<br>**Total Charitable Activities**<br>**Governance costs**<br>Independendent Examination<br>**Total Resources Expended**|**2025**<br>31,628<br>17,925<br>49,553<br>109,982<br>7,280<br>7,641<br>18,934<br>143,837<br>193,390<br>2,000<br>195,390|**2024**<br>22,102<br>31,325<br>53,427<br>101,794<br>5,485<br>5,446<br>18,931<br>131,656<br>185,083<br>1,500<br>186,583|
|---|---|---|



page 25 

## **Wonder Arts Limited** 

## **15. NET ASSETS BY FUND** 

|Restricted Funds - Capital<br>Restricted funds - Revenue<br>Unrestricted Funds - Designated<br>Unrestricted Funds - General|**Net**<br>**Current**<br>**Assets**<br>-<br>61,205<br>85,540<br>46,500<br>193,245|**Total Net**<br>**Assets**<br>-<br>61,205<br>85,540<br>46,500<br>193,245|
|---|---|---|



## **16. DEFERRED INCOME** 

Included in Other Creditors is deferred income as follows: 

|**Analysis of Deferred Income**<br>Grant - Heart of Glass project<br>Grant - Arts Council England<br>Grant - Awards for All|**At**<br>**01/04/24**<br>-<br>16,500<br>-<br>16,500|**Received**<br>**in Year**<br>3,500<br>39,600<br>19,850<br>62,950|**Released**<br>-<br>33,000<br>-<br>33,000|**At**<br>**31/03/25**<br>3,500<br>23,100<br>19,850<br>46,450|
|---|---|---|---|---|



## **17. LEGAL AND TAX STATUS** 

The charity is a company limited by guarantee (company number 2693334) registered in England and Wales and has no share capital. The liability of each member in the event of a winding-up is limited to £1. 

Wonder Arts Limited is a registered charity (number 1051317) and claims exemption from corporation tax. 

Its registered office is Deafness Resource Centre Ltd, Dentons Green Lane, Dentons Green, St Helens, Merseyside WA10 2QB. The accounts are stated in sterling the functional currency of the company. 

page 26