Registered number 03150505 Meridian Wellbeing Report and Accounts 31 March 2025
eridian Wellbeing Report and accounts Contents Page Directors, report Statement of directors, responsibilities Independent examinerfs report Statement of financial activilies Income and expenditure account Balance sheet 10 Notes to the accounls 11-16
Merldian Wgllboing Re¥lstsr8d nutnbpi. 03150505 Dlrector$' Report The directors present their r6POrt and acthunts for Ihe yearended 31 Marth 2025. Relerence and admlnistrative detsils Charity number.. 1058934 Company number.. Pri1paI offic8'. 3150505 rilage C8ntr8 Lnurch E Hendon NW4 4Jt R Thakkar of Such & Co A$Sat$ Limited OutdoDr Ground Floor, Paxton Terr no. 8 Grosvenor Road London SW1V 3DA Nationa Westminster Bank PLC 403 Bethnal Gr*8n Road, London E2 OAF CAF Bank Limited 25 Klngs Hill Avenue, Kings Hill. W8sI M8111ng Kènt ME19 4JQ Independent 8x8min8r'. Banket5. Directors and Iruslees The fdlowing served as dlrectors ard m&rnbers of the Manag8m8nl Cotnmittee.. Shun Au OBE Chair Dr. Sleph&n Hiew . Traa8ur8r Lulu Langlrea - Honorary Seu818ry Jason Chan Chi Wai Lu Pek Lian Watt Chief Executive Offlcer & CompanySecretary- L Lee Structure, Go¥ern8n¢8 and Monagement Docum&nl MerKlian WellbeiNJ is a tsmpanylimited bygu8rantee govema by its M8morandum arTrd Artides of Association dated 4 October 2002. It 15 registered as a charity wkth the Charity Commission Anyone rwerthty agg of 18 can become a mmb8r of the company and there are currently6 each ofwhom 8qree to contribute £10 In the tvèntof the Gharitvwindino UD. intsnent f The b03r(l of Tru51ee8 lalso known as Ihe Managemènt Cofftmilleel is electsd annually at the AGM. The board may appoinl now Irusl8es byt(Foplion during Ihtr year. In accordance vilh thè Artide5 of Ass(LYalion. 811 members ofth8 Management Committee forthe lime belng Shall reli from Offi al the AGM, but aeligNe lo stand for r8-d8ction. Trustse inducti New Iruslees undergo an orienlalion lo brief them on their Ègal obligations undercharlty 8nd ctympany law, the contents of the Mtmorandum and Artides of Associati(. the commltt8e and decision making processes. Ihe busineBs plan and reTrnl financlal p&rforrnance of the chanty. During th& Indudion Iheymeel k8y&mploys and olh&r Imslees Trustees ara en¢(MJraged to attend 8ppropri8le exttrmal training events wh&r8 these wll facilitate undertaking of their I. anisati The board of trusle8s. which shall have the minlmum number of four. adtnini5ters the charity. The board meets at le8St four tlms in a year A Chf Executive is appointed tylrusle&s lo manage the day lo day optrr81ions of the charity. To faoliiaie effective op8r8llons. th9 Chief Executiv8 has délègated authority, wilhin term5 of delegation approved bytha trusl8e8, for oper8lK>nal matt&rs including finance. ernploymenl and furtherance of the Charivs prinCie oblecllve. As far as the trustses ara awBre no paty has infiuence over tha financial and aperallonal pclioes of the charity. Risk m emenl The Iruslees have a risk Mana38m&nt strategy which comprises.. 111 an annual review of tha risks the charity may face." 121 an annual r8view of the systems and proTrdures lo mitigate those risks Idèntified in the plan., 131 the iMemenlian of proGedures d8sign8d to minimis8 any potential impact on th8 charlly should those risks matsrialise. This work has Idaniified minimal rlsks and it has resulted In btrtt&remergency prweduf8$ arKI contingency plafis. Parbcular att8ntion has on non finanal risks 8ri8ing from fire. heatth and saftrtyof ils work forc8 including volunteers and the seNl¢e users. A key element In thé management of finenGid risk is setting of a rtrserves pdicy ils regular review by Irust88S.
Merldian Wellbeing Registered numbtrr- 03150505 Dlre¢Èors' R8WIrt Ob'ecti¥ athlevom8nt8 and and finan ial reviow This year mark8 a signifirAnt Stepforward in realising Kkridiall W811b81n9's long-hdd vision of developing the Merilage Centre into a thriving. intègrated Wdlbwng Centre for Bamet. Mura than 6,000 people accessed our seNices, and the centre recorded over 15.000 visits, detnonslratirvj the trust rlac8d In u8 88 the galway to mentsl health and wellbeing support In Barnel. Across all our actlvi118s. our core principle has remain tha 8am8.' 10 the individual at the centre of Iheirwellbeing journey. Thr(MJgh our partnerships with the NHS, local authority, and vrdunlary sector. we Gonlinue to offer a s&amless end of clinical. social. and community-based support that enables p80plè lo ramaln well. cneCtE*l, 8nd u)nfidènl In th8if lives. Birn¢t WellbeiTr¥ Hub The Bamel Wellbeing Hub IBWHI r8malns th8 backbone of our integrated offer and the starting pt for most SidentS se8king méntal haallh and wellbeing 5UPPDrt. This yèar, the Hub ddivered its Unlgue Emotion Health Check IEHCI and SOGial pres¢ribln9 palhwgyto over 1,500 P¢. conneGting them to m&ntal and physical he8tth serviGes. talking therapl8s, community graups, advotra¢y. and spe¢ialigt support. With 829 referrals154%1 ¢?ng directlyfrom health and soclal rAr8 professionals, the Hub18flThly embedded wit)in Barneys mental heatth pathway and ¢onlinue5 lo be rdied upon as a tWSted nawgabon point acros$ tho System Our IDng-8tandiDg cross-sedorJoint Ca8e Management IMDD rrbÈ&tiw reviewed 472 corylex cases. a 10% risa on1881 year. Thr¢wgh the combined expertistr of NCL Clinicians, AduSt SoGial Care. 8p8¢iallsl VCS organisations and Meridian Wdlbeing navigator5'. 96yo of indwiduals w8r8 safely supported in the cominunity, and 100% of th08e ruInn9 specialist care Ere triag8d appropriately into st31ultrry s8rvic8S. This c(Alalx)rative model remaln8 one of our strongest dèmon8tralions of integrated working, relieving pressur8 on NHS and swal Gare and Ènsuring individuals T8¢&lve timely, coordinated support Th8 importance of bglonging and gocigl conn8clion is In ourbmo Wellbping Cafa offers. Our Pt8r-Led We15being Gafès off&ra piaclical brldge for these individuals. providing opwthnilies to meet [e[S with lived &xperi8nca and develw the confidèncè and routine needed lo Ihriva outside Slalulory 8eNces. Our Wellbeing Café attht M8rltagfr Centre. run bytrainèd paers and vL4unteers, welme$ around 40 regular p8CIp¥nI$ each week. Actiwli&s incjude latrle tennis. arts and crdfts. ard gatllès, lewellery making. p081ry, and gentle exercise., all centr8d around a warm, welcoming space Kthere friandships form and wnfidence grows. The EN4 Wellbeing Café In Now Barnet, de5wered in partnership with thè N&w Barnet Coinmunty Centra and supported by the Pr8vtrnllon & Wellbeing Team, conllnuas lo exp3nd. Wilh fundlng llow secured lor a fvrtherlwo yèats Irg Neighbourhood CIL, il provide5 a ctuci81 Iwal access point for resid&n18 unable lo travel to Hendon. A atrong complement to our diniGal and soclal prescribing wrk is our physicJ activity programm8. which wntinues lo grow to help individuals improvÈ health, routine and wdlbtring. Our Stsy Active and Connect $8$slons ddiver a wide ran98 of activities induding tai chi. Pilates. 8erolMcs. dance. and chair yoga. offering acc&ssibla for residents to bulld roullne, improve hgallh. 8nd enhgnce resilience. The8e aclivili&s playa key role in supportlng people tran$ilionlng out of statutory $8Mce8 and Tnaintainiw their wdlbeirvJ in the Community Barnet Talklng Therapie5 IfomJÈrly IAPTI Ddivered Ihrovgh thè Mullilingual Wdlbeing Servlce IMWSI consDrtlum, ourdinical $t9ppgd4arè modal tr)nlinues lo exed nation81 rgetS.. Hdline recovèryrale.. 57.30A Ivs naliunal targ81 of 50%) ReliaNe rÉcovery'. 54.50A Ivs national target of 48%) Slep 3 CBT cotnp181ions'. 130A atve target Our integrated model. whlch comtynes dinital traalmenl th seamless referral into BWH-led wellbelng plans and activities, has reduced waiting times, improved outcoxnès, and enable(I residents lo access comrwnity 5UPPOrt long afterwmplating therapy.
Meridian Wellbelng Reglstèred nLkmbÈr-03150505 Dlre¢tors' Report Ob"ectlves achl vem Erforrnan¢p and finan Integrated Volyntsryund Cornmunrty Sfrrvlce IIVC81 Through the v1d1lg Tagfylher CIC partnership Imèridian Wellb&ing, MIEB. CB Plus. Inclusion BarMII, th8 IVCS supported More than 350 peoplè this yéar. The Servi connects patients preparing for discharge from secondary tnenlal health Care with local activldes and c¢)mmunity-based servitè8 that promote independence and sustainad recovery. The WCS model has workad èxtremely well, Inlegrabng seamlesslywith thè Barnel Wdlbging Hub. Talking TheaeS and the full range ofcommunlty and ¥er4ed 5UPPOrt we kyovide al th8 Merilagè Cenlre. Togelher. Ihfrst Services offera coherent and conlinuouÈ pathway that supports indrrfiduals from ¢linitsJ treatment into community life, redudng ptsl4ischarge llsks acros5 emotional, soclal, physiGal and praclical domains. This fluid movement across the system IB only possible bacaugè of thé strong community infrasltucturewe have built. Our trained 8taff and ¥UnteerS offer LgoIng support, slmctur8d wellbeing activities aTrd social connsclion that hdp people maintaln stabililyfoll0g discharge. Over lime. the Maritge tre has become an indispensable thmrnunityassetfor mental heallh',1118 awessible. trusled and ¥¥ell understwd byserviTr users, Partners and professionals alike. with d88r xlhwxvk that nnp.rAlp. p.ffp.ptivftlv in hnth dirArt4ftn is therefore y1 sadn&ss that we have had lo wlnd down the IVCS service this year, followlng th8 recent NCL re-lendering outcome that awarded the conlr8Ctto a nallonal organisation. While the service was sb"Il in ils dévdoptnental phase and had alr&8dybeguTr to gain reJ Iraclion, Iha rapid P8c8 of system transformation presents challenges for SeCeS of this natur&. With a little moretime. the mdel had th0 8trong potential lo m8tur8 Into an Impattful integrated offer for Barn&t r88id8nts, delivered through well.rerJd. ostablished and deeply¢onns¢ted organisations within the Wellbeinq T¢oolh&r CIC partTr8ishiD. During the course of Ihls y68r, our partnership will) th& NHS remain5 traI to our mission. Across lh8 mulli-disGiplinaryteaffl8 underTalklng Therapies. WCS and the BWH navigators, we ntinue lo demonstrat$ the value of community-based iDtegialed working. offering 8 hollsli¢ care and support package that consistently improves outcomes lor Barnel residents. W8 remain hopeful that opportunilieswill arlst in the nearfLrture to retum 8$ a sys18tn partner, working alongsida the NHS lo contlnu& strèngthening ctymmunity pathways and supporting resid6nls aciDSS the full Chlne$e Wellbelng Sorvices Demand for th8 Chinese Wdlbeing SeNice conllnuès to grow, reflectiry both longstanding community nea 8nd tha increasing numberof HK BNIOI SIdents settling in Bamel and 3urroundlng boroughs. This year. cumul8llv8 attendan Bcr05S the Wellb8ing Club ar Socid Club axc8eded 4,500, while the Befriending Service oparatad 8t more than 60% abov8 targè( d&monslrating the vital rd6 Ihls offer p4gys. Our integrated approach, $panDing intervention. re¢tsvery afNJ pre¥8ntioTr, en3e$ individuals to progress at 8 pace Ihal suits them More than 40 Imnèd voluntsers. including form8rÈèrvice u%rs. pla>Ed a cruGial r(Ae in deliverlng s888lons, providing knlingual suprort. and hdping others re-engag8 with the communty. Hong Kong BNIOI Programme though the Bamel HK BNIOI programme funded by th8 Local Welcome Fund end8d last year. it provided 8 strong atrO for inlegralion. supporhng hundreds of new arrivals through welltElng activities. culluial events, and comrwnity connection. These earlyfoundalions shaped the br09der modd we now deliver across North London. Our dèlivèry of the HK BNIOI in Harrow d8monslr2W that Ihg Meridian Wellbèing mdel is adaptabl&, SGglle, and equally effeclwe outside Bamet. Residents p8rti¢lpaltrd in a wid8 lange of actiwties, Includlng a welcomo pro9fdmme, $8ltlsffleTrtworkshops, tsl chl. wokiDg Gla858s, filn&ss sèssions. and swal groups, all design to support $8tUement, build soclal capital, and increage confidencfy in navigating lrfe in the UK. Both prolts highlighted the importanc& of cultural famillarlty, pè&r Support and communlty-based wdlb8ing in helping new arrivals adjust. setue. Inlagr*te and Ihriwe. The momentum built in Bamet and Plarrow evdved n4rallY into our longer-tem language >Jpwrt prwramme. Ouf ESOL Classes and ConversatioTh Café hava grown rapidly. with a Incrtra88 in uptake this year.
Merldian Wellbping Reglstered number.03150505 DiTeGtor¥' Reptsrt Ob'ectives Bchievements and erformano amd financial rÈv6èw Conv Through a combination of stwclured lessons, infarrn discussion group8 and onllne a¢sS oplioro. HK BNIOI residents continue to réc8iv&". tailored English language learnillg wrap-around wellbeing lI¥tIeS opportunities to join sports sessions setllement support and guidance 8aninoful social conn8cllons and community Integration The ESOL and Conversation Café prtrJramma18 now one of wr m05t successful ongoing sèrvi¢8S, 8natAlng rasldenls lo develop confidence, m8ke friends. engage in British1rf8, and accass wKler A ThTIVlll9 W&llb&lng Ctrntre-AVlslon Becomlng Reallty What b6gaft over a decade ago as an aspiration lo create a loca. indusivtr, communlty-driven Wellbelng Centre is now firmly 18king shape. The Meritag8 C8ntr8 has b8come 8 vibrant hub of activity. a Itusted space of sUPPOrt, and a c8nlral point of acces5 for mental halth and wellbelng 8etvic8s acro88 Bamet. Through sustained collaboration with Barn81 Councll. NCL, the Integrated Care Board, and our oluntarygector partners. MeD¢ian Wellbeing has becom8 the d8 facto 98teway lo mentsl heahh yervices in the borough. We are proud that the majority of re5id&nts now Win their w8llbelngloumeywith us, often going on to achievé positive clinic81, amlional. soci81 and practical outcomes th9h our inlegrale(l Model. In a y&ar deff n8d by 8conomic pressures. workforce challengÈs, and increasing demand aGr055 health and c8re systems. Meridian Wellbeing has reman8d 8leadf8sI in its wtnmitmènt to supportlng those most VUlnerae in wr community. Our biend of dinic81 expertise. social pmscribing, cotnrnunlty conne¢Uon. physical activityarKJ cullurally-specialist support continue8 lo rali8ve pressure on strt0ry serwces while providirrfJ rasldents with acgsible, compassionate. and effècliva p¥thw8yS to wdlbeing. with ¢onlSnued backing from Bamat Council, NCL, th6 ICB and wr partners, wé aw confldent that the Merilage Centre W11 contlnue to grow as B8rnefs primary hub for mental heth and wellb8ing- rAace where peOe feel welGoTlle, etnwwèr8d, and able lo thrivel Looking ahead, the brt>ader hèalth and care landsL¥pe is enteriTVJ a of 81gnificantfinancial uncertainty. The NHS, liké local 8Jlhorilies, faces increasing pressure to wiew prioritie5 and OP8Tale ithin Ilyhter budgets. These shifts will naturlY infiutrnce the levd end shape of support available lo community partners and Ihe voluntary sector In the years ahead. Desplle this. there remains a d8ar8nd growln9 recognition of th8 &entIal rolo that speGialist oryanisalions 8Y in suppotbng diversé communities. weventing escalation of need. and reliewng pressure on slaluiory s&Nl¢es. Community-based ptovision offar8 reach, cuttural understanding and trust that cannot e35ily be iep1icated elstrwhero. As commissioning e1$ Èvolvè. il will be important that investm8nt in lttal mental health charFti88 is sustsined. A reduction in such services risks widening inequalities. increasing unmet need and placing vulnèrable r8sidenls at grealer risk of social isrAation, povety-rdated str8ss and detefioraling ments5 health Meridian W8llb8iny stands readyto work CollaratiVe1ywllh pathers to ensurtr that comtnunity stng1hS are protected and that residents conllnue to ben8fft from acc88siNe. eompassionale and cutturally-SPDnS1V6 SUPPOrt. As part of this busin8s8 planning pr55 Meridian W811being has Identifi Ihtr ftllowlng strategiG objè¢tlves forthe subsequent peri(Kl". 111 To continue to provid& 8 hSgh qualllyof mental heallh wdlb8in9 SeCeS lo the generic populati in B8mel. the Chinese Community all over London and UK. setting tha hlghe81 qu81itystandard. 12ITo identify n6vI swrces of funding forth8 organisalion so that it mÈtrtth& increasing demand lor Ils Servi5. 131 To ntinUe lodevebp a qualrfiad wwkfor¢e via wmprehensNa training programmè. We welcotne th8 vlew5 and contributions of all our 8ervlce users 8nd Iheirfamilles. If any one wishes lo comment on Ir strategic objctiV8s or any other aspect of our annual report pleas8 write to.. Shun Au 08E Chair Meritag8 Ctrntre Chureh End Hendon NW4 Ore-mail,. Info@meridianwdlb8ing.com
Meridian Wellbeing Registered number-0315Q505 Di*è¢tors' Report nvestment ower and lic Underthe Memorandum and Attioles of Association, Ihe charity has the towerto invest in 8nyW8y the lty$le8$ wish. Howèvèr. bearing in miThd the liquidity requirements of providing high quality direct setvices such as counselling. advi and information to the Ch8riWs beneficiaries of all ages. the trus18es hav8 deuded lo k88p available fund8 In an ini&r&sl bèarlng de[Sit account. Rè8etve Poll The management committee ha8 established a pollttyof rkIng Iuw8rds malntainlng unra8lrlct8d funds of between 3 6 months. which is a genefal fund lo b8 availab18 for us8 at the discretion of th& director&lnJstees in furtheranceof the general charitable objectives. The directors have idenlth8d the purposes to whlch the UngIrl¢l•d fund is èarmarked and note no.14a is showing the analysis of thè fund A significant part of ourwork will be directed lowafds increasing capaotylo provlda a wlder r8nga of welliEing servltts lo the Ch8ritys btrn8ficiarte5 and devdoping a fully fledged Wellbeing Centre. Indemnl Insurance The charity has insure(l against Ios5 arising from the neglact or daUltaf any of thè Managem8Trt Committee Members. Insuran. against the possibililyof clalms. arising during the <x)urse of assistance provided by its Wofkers, Is already in plac8 and is 8180 continuing. This report has been prepared in 8ttordanc8 With the provisions in Part 15 of the Companies Act 2006 appliCate to wmpanies subject to the small compani&s wime. Directors. res The directors are reSponsie for preparing the reportand accounts in axordanc& with applrable law and regulalions and In dolng so-. prepare Ihe a¢¢ounls on th8 going conr basis unle$s11 Is In8pprowl8té to pr85uin8 that th& cotnpanywill continue in busirEs8. This report has been prepared in attordance with the provisions in Part 15 of th8 Companies Act 2(N)6 applicable to companies subje¢l lo the small cofflpani&s regiine. On behalf of board of tnjstees Shun Au OBE 08led.' 18th D8c 2025
Meridian Wellbeing Statement of Directors. Responsibilities The directors are responsible for preparing the roport and accounts in accordance with applicable law and regulations. Company law requires the directors to prepare accounts for each financial year. Under that law the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice {United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfièd that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to.. select suitable accounting policies and then apply them consistently. make judgements and eslimatos that are reasonable and prudent-, prepare the accounts on the going concern basis unless it is inappropriale to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that aro sufficient to show and explain the companvs transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Cornpanies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Meridian WellbÈing Independent examinerfs report to the trustees of M&rldian Wellbeing I r8POrt on the accounts of the company for the year ended 31 March 2024 This report is made solely lo the ¢harity's Iruslees, as a body, in accordallGe with the regulations under part 8 and section 130 to 173 of the Charities Act 2011. My work was undertaken so that I might slate to the ch8rity's trustees thos¢ matters I am r8quir*J to stste lo them in an independent examinerfs report and for no other purpose. To the fullest exient pem)itted by lèw, I do not accept or assume reswnsibility to anyone othtri than the charfty and the charity's trustees as a body, for my work, for this report, or for the opinion I have formed. Respeetivg re¥ponslbllltie$ of trnstees and the examlner Th8 trustees, Iwho are also the dlr6etor3 of the company for the purposgs of company lawl are responsible for the preparation ol the accounts. The trustees consider that an audit is not required for this year under seetion 144121 of the Charities Act 2011 Ilhe 2011 Acll and that an independent ¢X8mination is needed and l am qualified to undertake thg ex2mination by being a member of the Association ol Charterod Certified Accountsnts. Having satisfied myself that the charity is not subjeot lo audit under company law and is eligible for independent examination. it trs my reSnSIbIlity to.. examine th8 accounts undar section 145 of the 2011 Act; to follow the proTrdufeS laid down in the general direotion5 given by the Charity Commission under section 14515llbl of thg 2011 Act., and to stste whether particular matters have come lo my attention. Basis gf independent examinerfs report 21 31 My examination was carried out in accordanco Wth the generdl direclions given by the Charity Cornmission. An oxamination In¢ludes a review ol the accounting rècords kept by thè ¢hanty and a comparison of th8 accounts presented with those records. It also includes consideration of any unusual items or dlsdosures in the accounts. and seeking explanations from you as trustees concerning any such matters. The proTrduTes undertaken do not provide all th8 evidence that would be required in an audrt and conseouenlly no opinion is given a$ to wliether the accounts present a 'true and falr and the rèport is limiied to thos8 matters set out in the statement below. Independent èxaminer's statement In connection WFth my examination, no materi41 matter has eome lo my attention.. which gives me r8asonable cause to believe that in any materfal respecl the requirements.. to keep acwunting records in accordanco wth section 386 of the Companies Acl 2006 and section 130 of Charities Act ', and to prepare accounts which accord wlh the accounting records, comply wth the accounting requirements ol section (b) 396 of the Cornpanies Act 2006 and wth the methods and prin¢iples ol the Statement of Recommended Practice.. Accounting and Reporting by Charities have nol been met.. or to which, in my opinion. aitention should be drawn in order to enable a proper understanding ol the accounts to be r88¢hed. R Thakkar FCCA Such & Co AssaaleS Limited Chartered Certified A¢countsnts 8 Paxton Terrace Grosvenor Road London SW1V 3DA Dated.. 18 December 2025
eridian Wellbeing statement of Flnancial ActNities for the year ended 31 March 2025 Total 2025 Total 2024 Notes R85triGted Unrestricted INCOMING RESOURCES lfteomo resoUe$ from gènarated funth.. Voluntary income Grants reGeivable . Other income Fundraising Incom8 from grants and donations and actlvlties Bank deposit interest 79.216 79,216 597,313 117,997 568,319 597,313 79,216 597,313 676,529 686,316 8,070 605,383 8,070 684,599 4.845 691,161 79,216 RESOURCES EXPENDED Cost of generating funds Fundraising costs of grants and donations 5a 3,000 3,000 3.000 Charltable activities Preservation and safeguarding ol mental health and of the wellbeing of its benela¢iaries 5b&5c 82,423 11,543 93,965 490,400 73.371 566.771 572,823 84,914 660,737 589,615 Gov•rnan¢a costs 62,462 855,077 EXCESS OFINCOhlE OVER OUTGOINGS 114,7501 14,750 38,612 23,862 36,084 FUNDS BROUGHT FORWARD 338.359 353,109 376,971 317,025 353.109 FUNDS CARRIED FORWARD 376,971
Meridian Wellbeing Income and expendifure account for the year ended 31 MarGh 2025 Notes 2025 2024 INCOMING RESOURCES 676,529 686,316 CHARITABLE AND ADMINISTRATIVE EXPENSES 1660,7371 {655,0771 OPERATING SURPLUS 15,792 31,239 Interest receivable 8,070 4,845 SURPLUS BEFORE TXATIoN 23,862 36,084 Taxation Opening surplus of funds 353,109 317,025 SURPLUS CARRIED FORWARD 376,971 353,109
Meridian Wellbeing Registered number- 03150505 Balance Sheet as at 31 March 2025 Notes 2025 2024 Fixed assets Tangible assets 7,925 8.391 Current assets Deblors Cash at bank and in hand 10 539 452,377 452,916 64,341 317,535 381,876 Creditors.. amounts falling due within on¢ year 11 183,8701 137,1581 Net cuent assets 369,046 344,718 Net assets 376,971 353,109 Capital and reserves Restricted Unreslricted Premises reserve fund Contractual fund Operational fund 13a 14a 14,750 338,359 376.971 50,000 40,000 286,971 376,971 40,000 20,000 278,359 338,359 376,971 353,109 The directors are satisfied that the company is enlilled lo exemption from the requirement lo obtain an audit under section 477 of the Companies Act 2006. The members have not required the company lo obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable lo companies subject lo the small companies regime. The profit and loss account has not been delivered lo the Registrar of Compani8s. Shun Au OBE Director Approved by the board on 18 December 2025 10
Meridian Wollbeing Notes to the Accounts for the year ended 31 March 2025 Accountlng pollcles The accounts Ifinancial stalemenlsl have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant noto{sl lo these accounts. The finanaal statements have been prepared in accordance with the second edition of the Charities Slalement of Recommended Practioe issued in October 2019, the Financial Reporting Stsndard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charities Act 2011 The trustees consider that there are no material un¢ertainties about the Trust's ability to continue as a going concem. Income is rewgnised when the charity has entitlement lo the funds, any perfomiance conditions allached to the itemlsl of income have been met, il is probable that the income will be received and the amount Can be measured raliably. Inwme from government and local authorities grants. whelher'¢apilal' grants or'revenue, grants, is recognised when the charity has enlillemenl to the funds, any performan conditions allached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Intsrest receivable Interest on funds held on deposit Is included when receivable and the amount can be rneasured reliably by the charity,. this is normally upon notification of the interest paid or payable by the Bank. Fund accounting Unrestricted funds are available lo spend on activities th81 further any of the purposes of tharily. Designated ftjnds are unrestricted funds of the charity which the trustees have decided al their dIretIon lo sel asidè lo use for a specific purpose. Restricted funds are donats'ons which the donor h85 specified are to be solefy used for particular areas of the Trust's work or for Specific charitable prolocts being undertaken by the organisalion. ExpendiTture and irrecoverable VA T Expenditure is recognised once there is a legal or constructive obligation to make a payment lo a third paty, it Is probable that settlement will bo required and the amount of the obligation can be measure reliably. Expenditure is dassifigd under the follong activity headings: Costs of r8ising funds comprise directly atlrribulable costs and appropriate amount of overhead Incurred for that purpose. Expenditure on ¢harftable activities includes dir8¢tly attributable costs and appropriat8 level of overheads incurrd in respect of promoting and the preservation and safeguarding of mental health and the reliel of persons who are Chinese origin suffering from mentsl illness and distress Other expenditure represents those items not falling into any other heading. Irre¢overable VAT is ¢harged as a cost against the activity for which the expenditure was incurred.
Meridian Wellbelng Notes to the Accounts for the year ended 31 March 2025 Allocatlon of support costs Support costs are those costs that assist the project and indudes administration and establishment expenses incurred or attributed while carrying out the work of the prolect. Tanglblg fixgd assets Individual fixed assets costing £250 or more are capitslised at cost. Depreclation Deprgciation has been provided at the followng rates in order to write off the assets over their estimated useful lives. Plant, machinery and hrtv 113rd of cost straight line Operatlng Igases The charity classifies the office lease as operating lease and rental and other related expenses paid under the lease are charged to Revenue Account as they are accrued. Debtors Trade and other debtors are re¢ognised at the settlement arnount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade dIOunts due. Cash at bank and In hand Cash al bank and cash in hand includes cash and short term highly liquid investments with a short rnalurily of three month8 or less from the date of acquisition or opening of the deposit or similar account. Creditors andprovisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that wll probably result in the transfer of funds to a third party and the amount due lo setde the obligation can be measured or estimated reliably. Creditors and provisions are normally re¢ognised at their settlement amount after allowin9 for any trade discounts due. Pensions Existing employees of th$ tharity were entitled to join the Workplace Pension Scheme which is funded by contributions from employoe and employer. Additionally for one employee, the charity has undertaken to lake out an Additional Voluntary Contribution scheme. Logal status of the Trust The Trust is a company limilert by gu8r8ntèe and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £5 per member of the charty- 12
Merldlan Wellbeing Noles to the Accounts for the year endgd 31 March 2025 Re$our¢e$ expended Charitable actlvltles.. Diredy attributable costs and appropriate level of overheads incurred in respect of promoting the preservation and safeguarding of mental health and the relief of persons sufforing from mental illn8SS and distress are treated as expenditure for charitable activities. Governance costs." This represents expenses relating to the management, organisational administration and compliance work and include the appropriate level of overheads. Such costs are allocated to each project on the basis of revenue generated by each project and gstimaled appropriation of some of the overheads by each project. Cost of ggngratlng funds.. This represents fundraising ¢osts which include appropriate apportionment of staff members, remuneration who are engaged dire¢lly in fundraising. Also apportioned is the appropriate level of overheads. All ¢osts are allocated between the exp¢ndilure categories of the SOFA on a basls designed lo reflect the use of resour$. Costs relating to particular projects on hand are allocated directly where appropriate, others are apportioned on an appropriate basis e.g labour cost, revenue or estimated usage. Employee$ 2025 Number 2024 Number Average number of persons employed by the company 22 22 INCOME RESOURCES 2025 2025 2024 2024 Restricted Chinese Wellbeing Servicgs - City Bridge Foundation HK BNO Project- Barnet Council HK BNO Project- Harrow Coundl Graham& Park Project- Bamel Council Meridian Wellbeing Sport Programme Sport England 53,500 52,500 30,000 2.760 17,987 25,716 14,750 79,216 117,997 Unrestrlcted - Contract, donations an¢J other income Inflation Prassur8s Payment City Bridge Foundation 597,313 565,179 3.140 597,313 Fundraising 568.319 676,529 686,316 13
Meridian W¢llbelng Notes to the Accounts for the year ended 31 Mar¢h 2025 2025 2024 Resources Exponded Fund raising costs of Grants and Donations Stsff costs APpOrtn[ent of Governance Cost5 3,000 3.000 3,000 3,000 Charitable A¢tiviti8s- Restricted Staff Costs Support and Projert costs 50,728 31,695 82,423 11,543 93,966 75,106 17,820 92,926 10,321 103,247 Apportionment of Govemance Costs Charitable ACtiv98- Unrestricted Staff Costs Support and Project c(ysts 467,160 23,240 490,400 73,371 563,771 469,246 27,443 496,689 52,141 548,830 Apportionment ol Govemanc9 Costs Analysis of Governance Costs Stsff Costs Depreciation Support costs Independ8nl examiners's fees Legal fees re: previous yeaes insurance General office administartion and establishrnenl 15,823 3,962 1,546 1,890 1,345 1,149 4,265 1,890 5,657 48,156 62.462 61,693 84,914 Operating surplus 2025 2024 This is slated after charging.. Depreciation of owned fixed assets Pension wsts Accountancy & Independent examiner's faes Wages and S818ries Sessional work8r Socdal security costs 3,962 61,296 1,890 375,197 74.754 30,611 12,079 30.271 1,890 423,287 57,636 33,464 The average number of employees, including volunteers employed by the organisation dullng the vear was: 75 75 Taxatlon A5 the organisation's activities are exempt from tsxation, no provision for corporation tax has be8n rnade. 14
Meridian Wellbeing Notes to the Accounts lor the year ended 31 March 2025 Tangible fixed assets Plant and machinery etc Cost At 1 April 2024 63,357 3,496 66,853 At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 54,966 3,962 58,928 Net book value At 31 March 2025 7,925 At 31 March 2024 8,391 10 Debtors 2025 2024 Accrued income and prepaid expenses 539 64,341 11 Creditors: amounts falling due withln one year 2025 2024 Credito Taxation and social security cost5 81,201 2,669 83,870 27,492 9,666 37,158 12 Other Infomiation Meridian Wellbeing is a private company limited by guarantee and has no shares capital. Ea memberfs liability in the event of being wound up is not exceeding ten pounds. 15
Mgrldkin ¥¥ellbplng Not¢$ to the accounts lor tho yFar•nd8d 31 March 2025 larte Gr8nts & Staff 01-Apr-24 DOnaDn8 Costs Proje otr Govwnance Co$1 Shared Baan 31 March 2025 t3a Re51rthd-Thi5 year Chlne8e Wellb SeMces- Cty Brg@ Falon HKBNO- Welctme Prooramme- krrOWe0ClI Merfdanwellbglry StKrt Prrrn8- Sport Eng18f 53.900 25,716 725 10,943 1,NO 50,728 1.496 4.516 fj.707 7.8 8,572 3,159 1,812 11.5d3 14.750 Y4.750 79,216 11,703 19,W2 13b Rè$lithd- L&styear knese Wellbelro SeYvlces- ¢Y 8ge FDUton HKBNO- WEl¢ome r8MMe- Barnel CoutKil HKBNO- Wetcome Frmme- Harrow Coundl Grahsm Patk Proie¢t- Barr*t CDuncil dlAn Wellbeing Sport Programtne- S Enul8nd 52.500 30.0 2.760 17.987 14.750 117.997 38,631 22,4 Z,061 12,005 4,431 4,267 281 S,212 4.226 2,730 2.979 14.750 14,750 75.106 11.962 5.858 10321 14a UllreslFthd-Th&8 year Grants & 01-A4r-24 DorlI0r Costs PrDjeci Other Costs Govetnence C0515haT8 Bal?n¢e J1 March 2025 ContrscL donations and oih9riDromg Bank dpposit Interest Fund rais1 338.359 597.313 8.070 467.160 23.240 73.371 371,9D1 8,070 13,OWI 37S.971 3.000 470.160 338.359 605.383 23.240 73.371 14b UFYeslricted- La$1 ye8r Conira¢t, donal10y other Income Inflation PF8ssuf8s P?5rynfjTrt- City Bge Foundat4on Bank d8wsII inlgresl FuDd 317,025 565,179 3,140 466,392 2,854 27,443 s1.5 336.514 4.845 3.000 338.359 317.025 573.18¢ 472,246 Z7.443 52,141