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← When You Wish Upon A Star

2025-12-31-accounts

Company registration number 03280440 (England and Wales) Charity registration number 1060963 (England and Wales) Charity registration number SC049019 (Scotland)

WHEN YOU WISH UPON A STAR

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

RSign Envelope ID: ENV66740085-2724-AEAF-4066-AEFC 22/04/2026 16:18 PM UTC

WHEN YOU WISH UPON A STAR

LEGAL AND ADMINISTRATIVE INFORMATION

Management Commitee Mrs M D Sims
Miss B White OBE M Inst F
Mr P Smith - Chair
Mr B Alcraft (Appointed 2 June 2025)
Mr D Linley (Appointed 1 June 2025)
Secretary Mr J L Williamson
Charity number (England and Wales) 1060963
Charity number (Scotland) SC049019
Company number 03280440
Registered office G6 AshTree Court
Mellors Way
Nottingham
NG8 6PY
Auditor UHY Hacker Young
14 Park Row
Nottingham
NG1 6GR
Solicitors Freeth Cartwright
Cumberland Court
80 Mount Street
Nottingham
NG1 6HH

RSign Envelope ID: ENV66740085-2724-AEAF-4066-AEFC 22/04/2026 16:18 PM UTC

WHEN YOU WISH UPON A STAR

CONTENTS

Page
Management Committee report 1 - 9
Independent Auditors report 10 - 13
Statement of financial activities 14
Balance sheet 15
Statement of cash flows 16
Notes to the financial statements 17 - 33

RSign Envelope ID: ENV66740085-2724-AEAF-4066-AEFC 22/04/2026 16:18 PM UTC

WHEN YOU WISH UPON A STAR

MANAGEMENT COMMITTEE REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 DECEMBER 2025

The Management Committee presents its report and the audited financial statements for the year ended 31 December 2025.

Structure, Governance and Management

Governing Document

The organisation is a charitable company limited by guarantee, incorporated on 19 November 1996 and registered as a charity on 26 February 1997. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association as amended by special resolutions dated 31 July 2008 and 2 August 2018. In the event of the company being wound up, the members are required to contribute an amount not exceeding £10.

Recruitment and Appointment of the Management Committee

The directors of the company are also charity trustees for the purposes of charity law and are together known as the Management Committee. Under the requirements of the Memorandum and Articles of Association, the members of the Management Committee are elected to serve for a period of three years, after which they must be re-elected at the next Annual General Meeting.

Due to the nature of the charity objectives, much of the charity’s work focuses upon very sick young people. The Management Committee seeks to ensure that the needs of this group are appropriately reflected through the diversity and competencies of the trustee body. The Management Committee considers that an appropriate spread of characteristics and skills are currently represented within the trustee body.

In 2025 the charity had 7 trustees, who stand for re-election every 3 years. All members of the Management Committee provide a list of their skills, which is reviewed annually, and the trustees intend to increase to 9 trustees in 2026 following this review.

The financial statements have been prepared in accordance with the accounting policies set out in note to the financial statements and comply with the charity's governing document, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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).

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and "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).

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WHEN YOU WISH UPON A STAR

MANAGEMENT COMMITTEE REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Trustee Induction and Training

Before election, potential new trustees are required to familiarise themselves with the practical work of the charity. They are encouraged to meet key employees and attend a variety of the fundraising events. They will also be provided with the Charity’s latest strategy document.

New trustees are provided with a pack of information, which includes:

In addition to the above, periodic training and information sessions are arranged by the Chair of the Management Committee, to update trustees on their obligations, the charity’s framework, risk assessments, understanding financial reporting and strategic planning. These sessions are generally provided by the professional advisors to the charity but may include others who the Chair deems appropriate. All trustees have up to date DBS Checks.

Risk Management

The Management Committee have considered the major risks facing the charity, which include the following:

There is a formal risk-register which is reviewed at each Management Committee meeting. The Management Committee is satisfied that sufficient controls and procedures are in place to manage and minimise these risks and insuring against certain risks as appropriate. In June 2025 under the leadership of a new Chair and CEO the charity undertook a comprehensive review of operational structures and governance, to develop the organisation across all areas and ensure that controls and procedures were enhanced. This review, led to significant reduction in operating costs for the long term and a staff re-structure that will future proof the charity’s ability to achieve its strategic objectives moving forward. The charity will be launching its next 3- year strategy in 2027. The Charity remains a low-risk organisation.

The challenging environment for fundraising remains a risk and is not helped by the increasing popularity of individual personal fundraising initiatives, numerous national TV charity appeals for major charities, the expanding number of smaller charities and corporate in-house charities. The Management Committee has recruited new trustees with digital marketing and social media expertise, as these areas will be a crucial part of our future development to address these challenges, along with a Fundraising trustee and Governance trustee to further protect the long-term future of the charity.

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WHEN YOU WISH UPON A STAR

MANAGEMENT COMMITTEE REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Organisational Structure

The current 5 trustee membership of the Management Committee are from a variety of professional backgrounds and experience, they include experience in legal, corporate finance, medical, governance, company executive management, a Wish parent & long-term supporter and charity management. The Management Committee met bi-monthly and then quarterly from June 2025.

In 2025 a Head of Finance was recruited to ultimately replace the management accountant company, specialising in charities, who were engaged to provide the committee with monthly management accounts. The management accounting company will cease their services at the end of Q1 2026, when the Head of Finance will take over the full finance function for the charity, providing cost savings to the management of finances and associated controls of over £40,000 annually.

The committee are responsible for the strategic direction and policy of the charity. The strategic and high-level decisions are discussed, and their outcomes documented. The charity’s new 2027 Strategy will underpin all that the charity does.

The Chief Executive in post since June 2025 has given a more strategic and developmental focus to the leadership of the charity at this crucial time.

Related Parties

The charity has no related parties other than the Trustees, key management personnel, their close family members and any entities in which they have a significant interest.

Objectives and Activities

The Trustees confirm they have complied with the Charities Act 2011 to have regard to the general guidance issued by the Charity Commission on public benefit.

The company’s objects and principal activities are:

The main objective during the year was to continue with the provision of Wishes to terminally ill children and children with life threatening illnesses, between the ages of 4 and 16, within the United Kingdom.

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WHEN YOU WISH UPON A STAR

MANAGEMENT COMMITTEE REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Achievements and performance

In contrast to the position reported in 2024, the anticipated benefits of recruiting experienced fundraisers and improvements in social media presence did not materialise as expected. Furthermore, projections presented at the start of 2025 indicating significant growth in fundraising activity were not supported by sufficient evidence or demonstrable progress.

As a result, a comprehensive review of the charity’s operations was undertaken, leading to a full organisational restructure under the leadership of a new Chair and Chief Executive appointed in June 2025. This process identified the need for decisive action to stabilise and future-proof the charity. Up to £500,000 from reserves was therefore committed to sustaining the charity’s core purpose of granting wishes, while also supporting the costs associated with restructuring.

This investment has enabled the implementation of necessary redundancy processes, a realignment of staffing structures, and targeted capital expenditure, including the development of a fit-for-purpose office environment and upgraded IT infrastructure. Alongside these changes, operational costs have been significantly reduced, allowing a higher proportion of the charity’s turnover to be directed towards the granting of wishes in future. These measures are intended to strengthen operational resilience and place the charity on a more sustainable footing.

Charity Outlet

The charity outlet was closed in July 2025 after a review at year end 2024, with a view of seeing no potential for the deficit to be turned into a profitable function of the charity.

Supporters

During 2025, our supporters continued to demonstrate strong commitment through participation in a wide range of fundraising activities, including running events and independently organised “do-it-yourself” initiatives. In addition, two “In Aid Of” fundraising balls were held during the year, raising a combined total of over £165,000. These events represent a particularly valuable source of support, delivering significant income while minimising the logistical burden on the charity, and therefore remain an important part of our fundraising approach.

Our wider community of supporters also continued to organise and attend “In Aid Of” events, although volumes remain below pre-pandemic levels. We maintained regular engagement with our supporters throughout the year and continued to build momentum for future events and initiatives.

In September 2025, a new Head of Income joined the organisation and undertook a comprehensive review of the supporter journey. This work has identified key opportunities to strengthen supporter engagement and maximise fundraising potential. As part of this, plans are in place to migrate to a more fit-for-purpose CRM system in 2026, which will enable improved stewardship, better data management, and enhanced fundraising capability.

Looking ahead, there is also a strategic focus on developing more sustainable income streams, including the planned launch of a regular giving programme in 2026. This is expected to be supported primarily through the introduction of a national lottery, providing a more consistent and predictable source of income to support the charity’s mission.

Our own organised events

In December 2025 we organised the annual Santa Run in Edinburgh. We did not organise any other “inhouse”, major fundraising events in 2025, although we did provide places on several other third-party events.

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WHEN YOU WISH UPON A STAR

MANAGEMENT COMMITTEE REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

Wishes

During 2025, the charity granted 83 Wishes, alongside delivering a range of additional experiences designed to extend our reach and impact. A series of “treat days” took place at locations including Alton Towers, the Polar Express, Nottingham Winter Wonderland and a Wishmas Ball in Scotland, providing memorable shared experiences for Wish children and their families. In addition, 25 families travelled to Lapland on a dedicated private charter flight from East Midlands Airport, creating a large-scale, high-impact experience that was widely valued by those involved.

The arrival of a new Chief Executive in June 2025 marked a significant point of realignment for the charity, with a renewed focus on its core purpose of granting life-enhancing Wishes. As part of this, several key decisions were taken to better meet the needs of the children and families we support. These included the reintroduction of Disney-based Wishes, increased support for siblings to ensure a more inclusive family experience, and greater flexibility around Wish budgets where appropriate.

Partnership working also strengthened in the year, with gift-in-kind support increasing by over £50,000. This reflects growing engagement with corporate partners and has enabled the charity to enhance the quality and breadth of Wishes delivered, while making more effective use of financial resources.

Looking ahead to 2026, the charity is aiming to increase delivery to 100 Wishes, alongside expanding the number of treat days and wider opportunities available to families. These plans are supported by a continued focus on efficiency, with the intention of achieving the highest proportion of expenditure directed towards the charity’s core purpose for many years.

Financial review

The financial results for the year ended 2025 show a deficit of over £400,000. This position reflects a planned and controlled investment following the appointment of a new Chair and Chief Executive in June 2025. The decision was taken to utilise reserves in order to both maintain the delivery of Wishes at existing levels and undertake a comprehensive organisational restructure to secure the charity’s long-term sustainability.

As part of this process, a prudent review of the balance sheet was undertaken. This included the write-off of assets no longer required, the removal of stock not being carried forward, and the sale of any remaining properties. These actions ensure that the charity’s financial position more accurately reflects its current operational model and future direction.

Reserves remain at a healthy level, equivalent to approximately eight months of operating costs, despite the planned deficit. This represents a more appropriate and realistic reserves position, balancing financial resilience with the need to deploy funds in support of the charity’s objectives. A reserves level of this nature is also expected to strengthen the charity’s ability to secure funding from trusts and grant-making bodies.

The costs associated with the restructure were carefully forecast and managed. Exceptional expenditure relating to restructuring activities was anticipated at approximately £200,000, with a further £300,000 allocated to ensure continuity in Wish delivery throughout the transition period. An overall investment of up to £500,000 was approved by the management committee to support these objectives. The resulting deficit for the year is therefore in line with these plans and reflects a deliberate strategy to reposition the charity for a more sustainable and impactful future.

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WHEN YOU WISH UPON A STAR

MANAGEMENT COMMITTEE REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Principal Funding Sources

The charity’s funding is mostly reliant on various fundraising events and donations received from businesses, and individuals. We have additional income from Grants and legacies.

In 2025 the number and value of legacies received was a great help towards the restructure of the charity. We are so grateful to those generous supporters who felt us worthy of being beneficiaries in their wills. We thank them and remember them. These extra funds do make a difference. Working with specialist organisations we have increased the promise of future legacies.

Trust and Grant applications have not been very successful in recent years as the charity is not seen as providing a frontline service and it does not spend on major charitable projects, also hampered by the large value of reserves being carried. To improve this, the charity will emphasise more how it helps the mental and physical well-being of Wish children and their families. A specialised grant application company has been engaged to improve grant application success.

Wish Making Policy

Our Wish Making Policy has had some amendments made. The Management Committee usually aims for us to consider all requests received for wishes, provided they fall within the objects of the charity, but it is not always possible to grant the first Wish requested. In mid 2025 the restrictions on Wish holidays to Europe & Florida was removed. A new budget was set for each individual Wish, with management committee discretion to approve Wishes over that cost, based on exceptionality. In 2026, even greater flexibility is being reviewed along with a policy that represents those that we serve.

We are one of a few Wish charities that offer bespoke Wishes and not just a menu of restricted options. The introduction to providing on-site support for Wishes has seen exceptional feedback from families. 2026 will see a great focus on the impact of a Wish, with a need for a data driven approach to measure the true impact a wish can have. We will remain committed to providing bespoke Wish opportunities for all children and continue to go above and beyond to ensure a Wish is an experience that money can’t buy.

Investment Policy

Due to the nature of the charity’s objects, the Management Committee consider it vital that funds are available at short notice to grant wishes for the children. Consequently, the charity retains approximately 8% of funds in instant access accounts. The remainder is held in short notice deposit accounts, and these funds can be accessed instantly, subject to loss of interest. The return on investment for the cash deposit has remained consistent in 2025

The charity no longer has any investments in properties or otherwise, all reserves are currently free cash reserves. The investment policy and reserves policy were revised at year end to reflect this.

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WHEN YOU WISH UPON A STAR

MANAGEMENT COMMITTEE REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Reserves Policy

This policy was revised in 2025 and should now read that Free Reserves are required: The Charity recognises the need to hold free reserves for the following purposes:

a) Designated Projects

To provide funds which can be designated to specific projects, enabling such projects to be undertaken at short notice when opportunities or urgent needs arise.

b) Core Operations

To cover administration, fundraising, and support costs, without which the Charity could not function effectively

c) Risk and Contingency

To provide a safeguard against circumstances that may result in sudden or unexpected loss of income, ensuring continuity of services and obligations.

The Trustees have agreed that the Charity should maintain a minimum level of £600,000 in liquid cash reserves, equivalent to approximately six months of core operating costs.

This level will be reviewed annually considering actual expenditure, risk assessment, and anticipated future needs.

Plans for future periods

Following a significant period of review and restructure during 2025, the charity enters 2026 on a more stable and sustainable footing. All property assets have now been fully divested, and there are no current plans to reinvest in property. This reflects a deliberate strategic shift away from asset-heavy operations towards a more flexible and mission-focused model.

The successful operational review and subsequent restructure are expected to result in a materially reduced cost base from 2026 onwards. This will enable a higher proportion of overall expenditure to be directed towards the charity’s core purpose of granting Wishes. Tight management of operational costs will remain a priority, ensuring that efficiency gains are maintained while maximising impact for beneficiaries.

At the same time, the charity is ambitious in its plans for growth. There is a clear intention to invest in its mission through targeted increases in staffing, enhanced income generation, and the development of new and existing revenue streams. In particular, the expansion of corporate partnerships and the planned introduction of a lottery-based regular giving programme will play a key role in supporting future income.

These initiatives underpin an ambitious objective to increase the number of Wishes granted from 100 in 2026 to 200 by 2027. This growth will be carefully managed to ensure that the bespoke and personal nature of each Wish remains at the heart of delivery, with no loss of quality or impact for the children and families supported.

The combination of a new leadership team, a fit-for-purpose office environment, a refreshed brand, and the launch of several new initiatives marks the beginning of a new chapter for the charity. Building on this momentum, the Chief Executive and Management Committee are currently developing a new three-year strategy covering the period 2027–2030, which will set out a clear roadmap for sustainable growth, increased reach, and long-term impact.

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WHEN YOU WISH UPON A STAR

MANAGEMENT COMMITTEE REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

Structure, governance and management

The charity is a company limited by guarantee.

Responsibilities of the Management Committee

The trustees (who are also directors of When You Wish Upon a Star for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true nd fair view of the state of affairs of the charitable company nd of the incoming resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware: there is no relevant audit information of which the charitable company’s auditors are unaware; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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WHEN YOU WISH UPON A STAR

MANAGEMENT COMMITTEE REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

The Management Commitee, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs M D Sims

Miss B S White OBE M Inst F

Mr P Smith - Chair Mr B Alcraft (Appointed 2 June 2025) Mr D Linley (Appointed 1 June 2025) Mr J Williamson (Appointed 2 July 2025) T A Mills (Resigned 31 December 2025) J Davinder (Resigned 31 December 2025) A Cleugh (Resigned 20 May 2025)

Auditor

In accordance with the company's articles, a resolution proposing that UHY Hacker Young be reappointed as auditor of the company will be put at a General Meeting.

The Management Committee report was approved by the Board of Management Commitee.

Mr P Smith - Chair

22/04/2026

Date: .............................................

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INDEPENDENT AUDITOR'S REPORT

TO THE MANAGEMENT COMMITEE OF WHEN YOU WISH UPON A STAR

Opinion

We have audited the financial statements of When You Wish Upon a Star (the "charitable company" ‘charity’) for the year ended 31 December 2025 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Management Committee use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Management Commitee with respect to going concern are described in the relevant sections of this report.

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INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MANAGEMENT COMMITEE OF WHEN YOU WISH UPON A STAR

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Management Commitee are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 and the Charities Accounts (Scotland) Regulations 2006 require us to report to you if, in our opinion:

Responsibilities of Management Commitee

As explained more fully in the statement of Management Committee responsibilities, the Management Commitee, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Management Commitee determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Management Commitee are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Management Commitee either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

RSign Envelope ID: ENV66740085-2724-AEAF-4066-AEFC 22/04/2026 16:18 PM UTC

INDEPENDENT AUDITOR'S REPORT (CONTINUED)

TO THE MANAGEMENT COMMITEE OF WHEN YOU WISH UPON A STAR

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Based on our understanding of the charitable company and the industry in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to the acts by the charitable company, which were contrary to applicable laws and regulations including fraud, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to misappropriation of funds in addition to the classification of costs between cost of raising funds and charitable activities.

Audit procedures performed included:

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

There are inherent limitations in the audit procedures described above and the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

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INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MANAGEMENT COMMITEE OF WHEN YOU WISH UPON A STAR

David Allum (Senior Statutory Auditor) 22/04/2026 For and on behalf of UHY Hacker Young, Statutory Auditor Date:.........................

UHY Hacker Young is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

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WHEN YOU WISH UPON A STAR

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

Unrestricted
Restricted
funds
funds
Continuing
Operations
Discontinued
Operations
2025
2025
2025
Notes
£
£
£
Income and endowments from:
Donations and legacies
3
929,173
-
-
Other trading activities
4
24,983
77,730
-
Investments
5
24,386
-
-
Other income
6
10,105
-
-
Total income
988,647
77,730
-
Expenditure on:
Raising funds
7
600,439
39,375
-
Charitable activities
8
812,471
24,365
16,000
Total expenditure
1,412,910
63,740
16,000
Net income/(expenditure) and movement in funds
(424,263)
13,990
(16,000)
Reconciliation of funds:
Fund balances at 1 January 2025
1,341,232
16,000
Fund balances at 31 December 2025
930,959
-		 Total
Unrestricted
Restricted
funds
funds
Continuing
Operations
Discontinued
Operations
2025
2024
2024
2024
£
£
£
£
929,173
952,940
-
48,819
102,713
75,939
137,067
-
24,386
26,230
-
-
10,105
34,404
-
-
1,066,377
1,089,513
137,067
48,819
639,814
513,225
49,311
-
852,836
631,550
30,299
48,819
1,492,650
1,144,775
79,610
48,819
(426,273)
(55,262)
57,457
-
1,357,232
1,339,037
16,000
930,959
1,341,232
16,000		 Total
2024
£
1,001,759
213,006
26,230
34,404
1,275,399
562,536
710,668
1,273,204
2,195
1,355,037
1,357,232

RSign Envelope ID: ENV66740085-2724-AEAF-4066-AEFC 22/04/2026 16:18 PM UTC

WHEN YOU WISH UPON A STAR

BALANCE SHEET

AS AT 31 DECEMBER 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 14 36,493 294,660
Current assets
Stocks 15 - 29,767
Debtors 16 94,178 100,503
Investments 17 613,198 593,214
Cash at bank and in hand 267,415 397,057
974,791 1,120,541
Creditors: amounts falling due within
one year 18 (80,325) (57,969)
Net current assets 894,466 1,062,572
Total assets less current liabilities 930,959 1,357,232
Income funds
Restricted funds 20 - 16,000
General unrestricted funds 22 930,959 1,227,419
Revaluation reserve - 113,813
930,959 1,341,232
930,959 1,357,232

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

22/04/2026

The financial statements were approved by the Management Commitee on .........................

.............................. Mr P Smith - Chair Trustee

Company registration number 03280440

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WHEN YOU WISH UPON A STAR

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 DECEMBER 2025

Notes
Cash flows from operating activities
Cash (absorbed by)/generated from
operations
25
Investing activities
Purchase of tangible fixed assets
Proceeds from disposal of tangible fixed
assets
Proceeds from disposal of investment
property
Purchase of current investments
Investment income received
Net cash generated from/(used in)
investing activities
Net cash used in financing activities
Net decrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
2024
£
£
£
£
(344,358)
7,794
(37,494)
(508)
227,824
110,291
-
122,700
(593,214)
24,386
26,230
214,716
(334,501)
-
-
(129,642)
(326,707)
397,057
723,764
267,415
397,057

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WHEN YOU WISH UPON A STAR

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

Charity information

When You Wish Upon a Star is a charitable company limited by guarantee registered in England & Wales. In the event of the entity being wound up the members are required to contribute an amount not exceeding £10. The address of the registered office is given in the legal and administrative information in these financial statements. The nature of the charity’s operations and principal activity is to provide wishes for terminally ill children or children with life threatening illnesses.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Charities Act 2011, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended), FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

In Q2 2025 a 90 day review of the finances took place under a new Chairman CEO and Leadership team, a Business Recovery Plan was implemented, including an operational cost review and staff restructure to significantly reduce operational costs long term and improve income streams. This included tight controls over operational cost and focusing on income generation that would provide sustainable income for the charity.

The financial statements have been prepared on a going concern basis. The trustees have considered the level of funds held and the expected level of income and expenditure for at least 12 months from authorising these financial statements and believe that the charity remains in a sustainable position to be able to continue as a going concern.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Management Commitee in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The cost of raising and administrating such funds are charged against the specific fund. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

All incoming resources are included in the statement of financial activities, when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.

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WHEN YOU WISH UPON A STAR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable.

The trustees recognise the significant contribution made by volunteers, including service organisations, who give freely of their time. It is not practical to place a value on this contribution.

Other income, including interest receivable is included in the Statement of Financial Activities account on receipt.

Legacies are recognised in the Statement of Financial Activities at the point at which the charity is entitled to the funds and the current value to the charity can be reliably measured.

Donations in kind are included in the Statement of Financial Activities as income and associated expenditure where there is demonstrable financial cost borne by the donor and the current value to the charity can be reliably measured.

Gift aid claimed is recognised in the Statement of Financial Activities upon receipt and not at the time of the donation attracting the gift aid.

1.5 Expenditure

Expenditure is recognised on an accruals basis, as a liability is incurred. Expenditure is therefore recognised when there is a legal or constructive obligation to transfer economic benefit to a third party, 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 includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.

Costs of generating funds comprise the costs associated with attracting voluntary income.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such services and those costs of an indirect nature necessary to support them.

Support costs include office costs, governance costs and administrative payroll costs. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of resources. Premises overheads have been allocated on an apportionment basis and other overheads on a usage basis or percentage of staff time.

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WHEN YOU WISH UPON A STAR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings 47 years straight line Fixtures and fittings 25% straight line Motor vehicles 25% reducing balance

Land and buildings are valued at market value as detailed in note 14 to the financial statements.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks. Where deposits are made for a term greater than 90 days, these are shown as current asset investments..

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

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WHEN YOU WISH UPON A STAR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

1.10 Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore meets the definition of a charitable company for UK corporation tax purposes.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

1.13 Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.14 Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

RSign Envelope ID: ENV66740085-2724-AEAF-4066-AEFC 22/04/2026 16:18 PM UTC

WHEN YOU WISH UPON A STAR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the Management Commitee are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The Trustees consider the following to be key estimates:

Key sources of estimation uncertainty

Cost Allocation

The split of costs between charitable activities and raising funds are a key accounting estimate.

Where costs are directly attributable to a category, these are allocated as such. For those which are not direct costs, these are allocated on a proportional basis, using management's judgement.

3 Donations and legacies

Unrestricted
Unrestricted
Restricted
funds
funds
funds
2025
2024
2024
£
£
£
Donations and gifts
617,899
426,655
48,819
Legacies receivable
301,274
511,285
-
Grants and trusts
10,000
15,000
-
929,173
952,940
48,819		 Total
2024
£
475,474
511,285
15,000
1,001,759

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WHEN YOU WISH UPON A STAR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

3 Donations and legacies (Continued)
Unrestricted Unrestricted Restricted Total
Donations and gifts funds funds funds
2025 2024 2024 2024
ALB Group 75,439 - - -
Nuthall christmas lights 20,612 12,288 - 12,288
La Vita restaurants - 12,185 - 12,185
PalletForce Limited - 10,000 - 10,000
Grantham Prepatory School 9,025 - - -
Raffle House Ltd 19,223 - - -
Will Mellor 16,700 - - -
Darren Dowling - 21,169 - 21,169
Gary Meikle - 20,254 - 20,254
Anonymous Donation - 16,569 - 16,569
Wishaw Golf Club - 8,962 - 8,962
General donations & gifts <£5,000 329,034 311,496 3,968 315,464
Donations in kind 141,366 13,732 44,851 58,583
Wollaton Football Club 6,500 - - -
617,899 426,655 48,819 475,474

RSign Envelope ID: ENV66740085-2724-AEAF-4066-AEFC 22/04/2026 16:18 PM UTC

WHEN YOU WISH UPON A STAR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

3 Donations and legacies

(Continued)

Unrestricted
Unrestricted
Restricted
funds
funds
funds
2025
2024
2024
Ellen Fitton
-
35,824
-
Ada Rose Robinson
26,153
-
-
Wykes O Donnell - Estate of Helena
Chapman
-
11,721
-
Anne Albano
54,761
-
-
Dennis Hooley
22,321
9,662
-
Doris Batchelor
83,313
-
-
Dorothy Crofts
11,831
-
-
Martin Kaye Solicitors re estate of Robert
Paul Benton
-
222,551
-
Rothera Bray Solicitors re estate of Brian
Brown
-
100,000
-
Pinkney Grunwells Solicitors re estate of
Cynthia June Chippindale
12,741
50,000
-
APS Legal & Associates re estate of David
Bowley
10,300
45,000
-
Willsons Solicitors re estate of Agnes
Wiles
-
27,750
-
Kathleen O'Neill
50,000
-
-
Phyllis Mary Mellor
19,256
-
-
David Edge
8,230
-
-
Other
2,368
8,777
-
301,274
511,285
-		 Total
2024
35,824
-
11,721
-
9,662
-
-
222,551
100,000
50,000
45,000
27,750
-
-
-
8,777
511,285

RSign Envelope ID: ENV66740085-2724-AEAF-4066-AEFC 22/04/2026 16:18 PM UTC

WHEN YOU WISH UPON A STAR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

4 Other trading activities

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising events 24,983 75,939
Shop income 77,730 137,067
Other trading activities 102,713 213,006

Income from other trading activities of £102,713 (2024: £213,006) was wholly attributable to unrestricted funds.

The outlet store was also closed in July 2025. It has been presented as a discontinued operation with the statement of financial activities.

5 Income from investments

2025 2024
£ £
Interest receivable 24,386 26,230

Investment income and bank interest of £24,386 (2024: £26,230) was wholly attributable to unrestricted funds.

6 Other income

2025 2024
£ £
Net gain on disposal of tangible fixed assets 10,105 34,404

The net gain on disposal of fixed assets of £10,105 (2024: £34,404) was wholly attributable to unrestricted funds.

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WHEN YOU WISH UPON A STAR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

7 Expenditure on raising funds

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Governance Costs 80,903 17,004
Staging fundraising events 62,042 19,342
Advertising 10,408 6,564
Other fundraising costs 58,307 6,870
Support costs 428,154 512,756
639,814 562,536

8 Expenditure on charitable activities

Charitable Charitable
Activities Activities
2025 2024
£ £
Direct costs
Wishes 460,139 283,381
Share of support and governance costs (see note 9)
Support 331,665 360,268
Governance 61,032 67,019
852,836 710,668
Analysis by fund
Unrestricted funds 836,836 661,849
Restricted funds 16,000 48,819
852,836 710,668

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WHEN YOU WISH UPON A STAR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

9
Support costs
Support
costs
Governance
costs
£
£
Staff costs
513,397
-
Depreciation
8,752
-
Sundry
6,993
-
Computer &
Software
61,326
-
Rates
13,668
-
Motor & Travel
13,152
-
Telephone
27,621
-
Printing, Post &
Stationery
5,204
-
Property
Maintenance
14,349
-
Insurance
14,923
-
Equipment Rental
6,771
-
Rent
67,314
-
Bank Charges
6,349
-
Audit fees
-
12,000
Accountancy
-
19,895
Legal and
professional
-
110,040
759,819
141,935
Analysed between
Fundraising
428,154
80,903
Charitable
activities
331,665
61,032
759,819
141,935		 2025 Support costs
Governance
costs
£
£
£
513,397
545,240
-
8,752
11,574
-
6,993
7,849
-
61,326
94,050
-
13,668
19,410
-
13,152
15,920
-
27,621
40,174
-
5,204
2,641
-
14,349
36,997
-
14,923
11,249
-
6,771
6,799
-
67,314
66,135
-
6,349
14,986
-
12,000
-
11,550
19,895
-
-
110,040
-
72,473
901,754
873,024
84,023
509,057
512,756
17,004
392,697
360,268
67,019
901,754
873,024
84,023		 2024
£
545,240
11,574
7,849
94,050
19,410
15,920
40,174
2,641
36,997
11,249
6,799
66,135
14,986
11,550
-
72,473
957,047
529,760
427,287
957,047

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WHEN YOU WISH UPON A STAR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

10 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the audit of the charity's financial statements 12,000 11,550
Depreciation of owned tangible fixed assets 8,752 11,574
Profit on disposal of tangible fixed assets (10,105) (34,404)
11 Employees
The average monthly number of employees during the year was:
2025 2024
Number Number
14 17
Employment costs 2025 2024
£ £
Wages and salaries 505,216 478,501
Social security costs 40,331 38,454
Other pension costs 10,106 13,187
Recruitment and training 7,009 15,098
562,662 545,240

Included within wages and salaries are redundancy costs of £67,497 (2024: £nil).

No members of the Management Committee received any remuneration during the year.

No other trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.

The total amount of employee benefits received by key management personnel is £212,983 (2024: £137,996). The trustees consider the key management personnel to comprise the Chief Executive Officer, Head of Finance, Head of Income Generation, Head of Marketing & Wish Coordinator.

There were no employees whose annual remuneration was more than £60,000.

12 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

RSign Envelope ID: ENV66740085-2724-AEAF-4066-AEFC 22/04/2026 16:18 PM UTC

WHEN YOU WISH UPON A STAR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

13 Revaluation of fixed assets

13 Revaluation of fixed assets
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Brought forward at 1 January 2025 113,813 113,813
Disposal of revalued properties (113,813) -
Carried forward at 31 December 2025 - 113,813
14 Tangible fixed assets
Freehold land Fixtures and Motor vehicles Total
and buildings fittings
£ £ £ £
Cost or valuation
At 1 January 2025 284,715 53,648 16,794 355,157
Additions - 37,494 - 37,494
Disposals (284,715) (50,336) (16,794) (351,845)
At 31 December 2025 - 40,806 - 40,806
Depreciation and impairment
At 1 January 2025 6,058 40,841 13,598 60,497
Depreciation charged in the year 3,534 4,819 400 8,753
Eliminated in respect of disposals (9,592) (41,347) (13,998) (64,937)
At 31 December 2025 - 4,313 - 4,313
Carrying amount
At 31 December 2025 - 36,493 - 36,493
At 31 December 2024 278,657 12,807 3,196 294,660

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WHEN YOU WISH UPON A STAR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

15 Stocks
2025 2024
£ £
Stock - 29,767

The stock was all written off during the year, given all stock held was used for fundraising events and was individually trivial in value.

16
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
Amounts falling due after more than one year:
Other debtors
Total debtors
17
Current asset investments
Unlisted investments		 2025
£
2,292
83,186
85,478
2025
£
8,700
94,178
2025
£
613,198		 2024
£
418
100,085
100,503
2024
£
-
100,503
2024
£
593,214

Current asset investments relate to bank deposits which have a maturity date in excess of 90 days.

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WHEN YOU WISH UPON A STAR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

18 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 2025
£
10,350
38,438
1,289
30,248
80,325		 2024
£
11,093
25,384
-
21,492
57,969

19 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

20 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 January Incoming Resources Transfers Gains and At 31
2025 resources expended losses December
2025
£ £ £ £ £ £
LNER 15,000 - (15,000) - - -
Wish Ball 1,000 - (1,000) - - -
16,000 - (16,000) - - -

RSign Envelope ID: ENV66740085-2724-AEAF-4066-AEFC 22/04/2026 16:18 PM UTC

WHEN YOU WISH UPON A STAR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

20
Restricted funds
Previous year: At 1 January
2024
£
LNER
15,000
Wish Ball
1,000
Goldman Sachs
-
Donations in
Kind
-
16,000		 Incoming
resources
Resources
expended
£
£
-
-
-
-
3,968
(3,968)
44,851
(44,851)
48,819
(48,819)		 (Continued)
Transfers
Gains and
losses
At 31
December
2024
£
£
£
-
-
15,000
-
-
1,000
-
-
-
-
-
-
-
-
16,000

The donations in kind funds are donations specifically received for the purpose of granting wishes.

The LNER funds were in relation to £15k for support travel costs on the LNER network.

The Wish ball fund is comprised of donations received for the purpose of funding the annual Wish ball.

The Goldman Sachs funds are specifically for the purpose of granting wishes.

21 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January
2025
£
General funds
1,227,419
Revaluation reserve
113,813
Previous year:
At 1 January
2024
£
General funds
1,225,224
Revaluation reserve
113,813		 Incoming
resources
Resources
expended
Gains and
losses
At 31
December
2025
£
£
£
£
1,066,377
(1,476,650)
113,813
930,959
-
-
(113,813)
-
Incoming
resources
Resources
expended
Gains and
losses
At 31
December
2024
£
£
£
£
1,226,580
(1,224,385)
-
1,227,419
-
-
-
113,813

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WHEN YOU WISH UPON A STAR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

22 Analysis of net assets between funds

Unrestricted
Restricted
Revaluation
funds
funds
Reserve
2025
2025
2025
£
£
£
Fund balances at 31 December 2025
are represented by:
Tangible assets
36,493
-
-
Current assets
974,791
-
-
Current liabilities
(80,325)
-
-
Revaluation reserve
-
-
-
930,959
-
-		 Total Unrestricted
Restricted
Revaluation
funds
funds
Reserve
2025
2024
2024
2024
£
£
£
£
36,493
180,847
-
-
974,791
1,104,541
16,000
-
(80,325)
(57,969)
-
-
-
-
113,813
930,959
1,227,419
16,000
113,813		 Total
2024
£
180,847
1,120,541
(57,969)
113,813
1,357,232

RSign Envelope ID: ENV66740085-2724-AEAF-4066-AEFC 22/04/2026 16:18 PM UTC

WHEN YOU WISH UPON A STAR

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

23 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2025
£
Within one year
39,156
Between two and five years
110,828
149,984
24
Related party transactions
Transactions with related parties
There were no disclosable related party transactions during the year (2024 - none).
25
Cash (absorbed by)/generated from operations
2025
£
(Deficit)/surplus for the year
(426,273)
Adjustments for:
Investment income recognised in statement of financial activities
(24,386)
Legal costs on property disposed of
69,189
Gain on disposal of tangible fixed assets
(10,105)
Interest on short-term investments
(19,984)
Depreciation and impairment of tangible fixed assets
8,753
Movements in working capital:
Decrease in stocks
29,767
Decrease in debtors
6,325
Increase/(decrease) in creditors
22,356
Cash (absorbed by)/generated from operations
(344,358)		 2024
£
16,782
18,425
35,207
2024
£
2,195
(26,230)
-
(34,404)
-
11,574
5,388
99,063
(49,792)
7,794

RSign Envelope ID: ENV66740085-2724-AEAF-4066-AEFC 22/04/2026 16:18 PM UTC - 33 -