Reglstered number. 03329289 (England and Wal•sl Charfty number4: 1061359 {EnglaDd and Wales) & SC041140 (Scotlandl WINSTON'S WISH (A company limited by guarantea) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 *AIFECZ30' 1811012021 C(IMPANIES HOIJSE 214
YINSTON'S WISH IA company Iwnited ty guar4Dtee) Pe Refer•nce administr•tlvè detail5 of th• Charlty. Its Trus1••s and advlsers Chaliman's statement Truslws. reporf ltydependent auditorfs rgport on tht financlal ¥tat¢m•nts Stat¢menl of flnancial a¢lfvlli•s 10-12 13 Balance s$t 14 Statsmenl of ¢a$h Ilows 15 Motes to the financial statwTrents 16-34
WINSTON'S WtSH (A company Ilmlted by guarantee REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARifY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Patrons Julie Stokes 08E Msc (Fourthrl Baroness Rennie Fritthée R8rNk4plt Church1 Barbara W1 Palrcffl) The Duthess Of Richmond and G Honorary prId•t Ntgal Purrfeur. Chaim Samantha Carruthers, ChairTr een Cosh Christian Cullinane are Galke {resffJngd 18 Nnber 220} Paul Gatheffxle caro[w Kean Jane McC¥thy Bart)ara Nnolum Marf( Smilh Company reglstered number 0332W289 {England Wa18s) Charsty r•gi¥tered numbers 10613591England and W*s) and SC041140 (Scotsnd) Reglstered Oire 17 Royal Crescent Che51enham GIOUtershIre GL50 3DA Chi•1 Executlye Ollk•r FeTgus Crv Independent auditor Hazlewaojs Staverton Cojrt Slaverton Chollenham GL51 OUT BankeTS Barclays Bank Fk Gloucester Dc Gloucester GL120H Page 1
Y•lNSTOWS MfiSH (Aeompany llmited by guarnnleo) CHAIRMAM'S STATEMENT FOR ThE YEAR ENDED 31 MARCH 2021 This has been an extrncwdinary ar for Wmton's as ii IAS been across the UK. For our beneficiaries. for our staff, our volunteefs and for our donors and fvnders the pressures arwj challenges have been, I hope, unprecedented. The ¢haNenge of the has tn trwofold us. Fir5ty. managing a nIficant Income drop thal we forecast right at the SL of the year. ahmgside our Strong and dear intention to re0entate our sgrvices. Thts was essential to mak¢ sure we ¢wJd c4)ntinue to SUPF¢rt our existing bengficiarles during a period in whith kthdown and restrictions would make arLess to swvices very diffKult forfamlies. Alongs#Ye this we sd ow pa5sron lor growth and to extend ow reach in the lun knOwdge that a very snIficant number of chIldn and yo9 wouhj affect by grEf arKI bere8vement as a result of someone Close to Ihem dwng durin9 the pandèrn This ¥ras a ccthplex series of clwU8ng8s for us. and we have madè 80me Jurageous and diffrutt d¢SnS along the YRY. The results you see here are an irKIKakn that deci51ons have been the ryht one& Demand for our supwt shifted to the online enbtyronment and we were able lo meet the needs for suppNt. for knovAedge and for training qui¢iy. We broughl thrOh 8 seivtce TedesÉgn thal was already in trairl whkh not otty protected the seNi¢e users we were SUPF4Yting In the early part of the year. il also has meant that we have been atrle lo extend our service feath across the UK giving us a strong basis from which lo build in the years ahead. It ¥ras, in son w8y4 a year ef t¢ Ihe first pat of tho year about undersling the context we found WT5elves in and respJndirKJ Quic kn tha( Ihe serj hall the yew embedding our nvjdèl and stmclure and our blended Wfvng Amidst the challenge5 there have b¢en SO wi Signifaftt achleveffnts and Ihese include: The development and delivery of a new rrndel of support for the orgarnlsat)n. Reaching more wofessionals thr(xvJh (recI train9 than ever before ¥rith our free online trainlng offw and transltlon to rerTr)t8 dglvery for our'dassr¢Jom' based delwery. released earty in Ihe Pandem 8uppDrting V)e chli dren that came lo us tr help quKMy as ow nw4V modd allows us lo react wh¢n families want and need the help. Increasing our age range up to 25 year5 to elw)3$5 rtwjre young adLts into the seNce. We enter the ye aljead energised * confident that are tvw sei up to ensure that we can reath mar more of th8 chIldn and ywng people vtho us in the period 8hewJ and as the tNe scal¢ of giief and bereavemenl durirrfj the becrynes dearer. As in Ihe prevityjs yeart$ re. as a Board. we a confident that whllst material nrtaInty exists about future incoffle. the immèYi81e future of the or91$allOn is seojre In the fores8ble fvture and Seciion 4 of the Tfustee$' Report'securing a Sustainable FubJre- pr delails on rt h8$ arrived at this wndusion. Perhaps more than ever this yw l rnusL a9w"n give my heort1911 Ihanks to our amazing staff. volunteers, donors, supporters oThJ of course rny frlkyw Trustees for evwything tho1 do fw us f¢x bereaved children. Nigel Purveur C airofT Date. sodo w 202 Page 2
WINSTO IMSH IA company limited by guarante•l TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2021 The Trustses of Winston's Wish have pleasure in wosethg their rerNyt finarKid statements for the year ended 31st March 2W21. The financial statements ¢>)mply with the Charities Ad 2011. the CompanEs Act 2Cth, the Memorandum and AJith of Associalitm. and AccxJuntin9 and Reportwvd by Charifi Statement of Recommended PractKe applicat4e to charib"e9 preparing their fmanda stalents In arurdance ryih the Fwianoal Reporbng Standard applicable in the UK and Rewblic of Ired (Chaftttes SORP (FRS 10211 Al the outset, il Is tnje lo say that al of the supwri defwed as an wisatron this year must be sel wilhln the context of the COVID-19 pandemic whth a very significant number of pecpie died. and a public discourse of death and bereavement whih has slTongty impacted on thildTen and young people. All of our support work has been delivered through renKSte ( duitsl means Ihis year as we closed our Offi to protect our staff and p18y our part in reduang the spread cl COV1[19. Our ¥lTrtegy Our strategy {wblrsheJJ in Aprfl 2016} is outeow5 ftsus5ed and I&$ us towards our uliimale goal: maknny sure that thildren and Yng peOe who experten( tereavement can go on to INe full and flourishing INes. Our activity is grouped under fr Strateg atrns.. Reach the chlldren who need us Work others $0 Ihat chiklren better sup1ed Shape the big picture SeLxw8 a 5uslainable future 1. Ru¢h th• children Vtho ne¢d us As the pandewmc spr during the initial ILthcwn, our team reacted qulcldy to provide rrK)re online guidance r surv)rting bereaved ChildTr and young Feople rArt off ffcrtn their usual sUpt neths. Through SLSsIve waves of the pandemK, Ihe team continued lo make sure the inbnnation we were providing was aituned lo the needs of children. farThlies and professh41¥ wogressNdy increased the range of free reswrces and training availab through the website. We 8150 brwght fopw8rd a change programme 81ready underway to transfomi our beaVem?nt support servtee delivery methodofogy and increase the amnI of online and renKJte suFfKJrt we could offer to children, young people and families across the o)unlry. Because of our extsting direth.on of travel. we We able to Iransibon In March 2020 to a campleldy rerle servKe rtde1. arKI ihis was folbwed by a reshaping of our oTg8nisation and our bereavement support seNces in line wilh nts¥ Vis. This WOTk was )Mpleted by the end of the Summer, and from September 2020 we had nlroduced a new service. the Family Bereavement Support Serv IFBSS) lo comF4wnent a refreshed Chibjren and Pwle's {CYP). Key for us has been lo decrease our re¥J)se bmes. as weaale that fanllliès cOnt us when are ready to receive support and wailing ftsts are Lmhelpful al best. Wrthin our rth¥ model, for the faThylies who need more ongoing supwrt thw our hetF4ine practitioners are ab lo offer and are therefore referred into our longer lèmi SUppCt seNices (FBSS and CYP). have set a MmuM waibng time of 5 days. This is a sbJnlficanl change and onty Fossible with our new ddwery rnc&l. We ha¥e en able to meet this tsrgel cnnslslendy throughout the year and will use ft as a measure of resou required in the corrrfng rnonihs, as we see referrab Ir¥ease post pdnk lif Our websltg was an essential resource for many. many famihes and professionals seeknng infom1 after a death Ihis year. thrau, trre ¥*Ere more than 438.(0 visitors to our websites an knue8se of 55% on the same figure for 201&20. Our young people's website. hdp2nN8kesense.or9 Saw an uplfft in visitors of 36% this year as more young searched for help Page 3
vinNSTON% WISH
{A company limlted by guarant•o)
TRUSTEES. REPORT (cop¥fiNUED)
FOR THE YEAR ENDED 31 MARCH 2021
Our Freephone H•lpllne contviued to cw3te as a sNJnrficant stand-akM national seNke and 8 pathway to
access our famity and rndmdual SUFVOrt. Thi5 year our expert wactittonets ts)ntinued lo respond sensilNely lo
the needs of each caller, sornelimes providing SUPPOrt over a serles of cans. taking referrals Snlo our new Family
Bereavement Supwrt Semee arKI our Chihjren and yo9 People's service, and Éendmu oul SPla$t
publications and resources.
Like many other services atxjss our sethr, saw a drop in cals during the first three rnonths of the pandemic
as f8milles navigated the diffiGulty of lod(thwn home-s¢hc<Jling, and as they tLsrned to Ihe web lor
information and thce. Whde call numbers were down over the year, LZII Iwuth inL¥ea5ed significantty,
Illustratsn9 the ever rwwxe CoMpX scenarios that fanMlie5 found Ihem5efves in.
The volume rose signifKantly from Septembw 2W20 and then COntind to inc¥ease rapidly. In totsl, we
Tecorded over 4.900 conversations, wthich equates to indirect svwxirt lo rne than 9.8W chlldren and young
people- a year•onyear deuease of 18%. We feel confident that this nueT Vill boun toc for 2021-2022. as
call r81es retumed lo pre-pandemic levels frtffi September2020.
Digital Support is curMty Tyovvjed wa an Onl seThK arKJ the 'ASIC e-mall semce. We SpOnded to
3,533 requesls for help through both Se[ce8 (2019-20". 3,2591- a small inwse on the comparable figure tast
yew. As thè majority of these contacts are from parerkvcarers asking advi for Iheir families or wofessionalg
Iwksng to support dassrwms of Ghiklren or vthole families, we arg uswbg a multiplier of2 children ccffitact a8
modest esumale of Ihe number5 SUkVYted in total. Thls gr¥es us a figure of over 7,000 children indirect
supported thr)ugh these digitsl rn$.
In September 2020 we launthed new services to ttsaden our offers of supr to thlldren, young peoplo
and families direclty- the Famity Bereaveff*nt SupF4Jt ServKe IFBSSI and the Chlldren 8nd Young People's
seNice
IMNSTOl+fs WISH IA ¢4xnpany limited by guaranlee TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 2. Work othefs f•0 that children are Ir supported Wc(k has continued this year as of a number of key nati(wl partrwships Wuding the Support After SuicKte Partnership, the chik1hd Bereavement Network and the Children alld Young People's Mentsl Health Coafilion. Our practs'liorbers continued their work with other local groups and services. induding provlding adviek and support in the 4)nlkne enVIrmenL Much of ttms work has been curtailed ty the pandom& bjt have ¢trbbuled to LN)line resources and articles asked (1ere we have seen an opporiimty. 3. Shape th• big pSc¢ur• With relationshi sex educat health èJUCatw becomrrtg a Statut part of the nats'onal rAJrriGyJhJm thls year. we worked with the PSHE Association to <levelop a range of lesson Flans. 8ssembty )ntent and resources for key stages 14. The suite of matsia15 was V•Yitten by PSHE leathets and Winston's Wish practIts'c81s and they have been awarded a Quality Mart( by the PSHE Associa11. Bet¥en the resources going liva in January 2021 and the end of the 2020-2021 financ1 year. the resources had been actsssed ty a lotsl of 2.329 profess•)nals in schools all ¢)ver the UK AS well a8 relth%ing free onllne training fr pOf10n¥1$ durwy the earfy stsges of the wdem4 w• transferred our classroom Irainlng lo the online environmenL We have sew) demand increase Snificant1Y for this training as the online enVIrment ¢mce again shrinks gj[aphI@S af7d eliminates travd ttmes and costs. We secured a grant from The Nab'onal Lottery to offer tree. be5the Irainlng to schools ovor 8 &month period. We thnd that a PrOae apwoach fmm prdGtiliollers wtho were able to offer not only trainlng. bLrt also athce on spedfic wtualic that leathers school #aff found themselves in. wag extremdy well receNed. In total, we trained over 62,000 pvfessMals oveT a rwge of CTse5 from short introductory online session8, Ihree day more intenwe urSe8. bespoke eoutse5 and speclaiist trainlng fc professlonal'8 SUPF(lrting children with SEND. Secure a $u8tainable futur• In March 2020, as the CovKI-19 pandemic rew#1 Ihe UK with eamest, it was clear thatwe needed to revise our previously budgeted Inrne of £2.5m for the 2022021 year duMI as a response. This rev15ion was reached with al available dats however. predicling how indivN1uals. grant making tojies and companies woukj be affected by a global pandemtc that was, al the lime. seen as likety to be relatively short hved, is ¢Jefinitely nwe of an art than a scien. With no smikiy Scena to base our pdtIonS on in living memory, we made sensible decision& We revksed our ryedicted income down to £1.6m and made plans to reduce ourc£Jsl base swfftty. We finished the year having SecUd vder £1.8m from tjur donors and SUPFhYters. We managed to keep a tight rein on costs throhCYj1 the year, gNing 8 resultant increase in our unrestricted resee$ of£210.391 in Ihe year, ofwhlc £91.218 was gains IiNettts. We have sought advice arKI feel that the ¢wrrent unprediclat4e and changeable markets. rt ts sensible lo hold on lo sl¥htly higher leveis of unrestrided rese$ than w8 would have dL¥be pr&pandemic. Demand our servlc4 Is preAlicled lo increase as more thiklren have been leaV duiing the pandemic and our move ttrwards dts1 delNery means that 8rn rrwxe acLwitrAe to a er number of thiklren and young people. In order Io fT*et the likely demand. wn$t.8 Wtsh draw on rts unreslncted re8eNes 8bngs¢de the vital supwrt trom our donors supF It 15 onty tsr help and bèliel that VR VAII be 8ble lo hdp the families that need us. Page S
WINSTOWS WISH IA company Ilmlt8d by guarantsol TRUSTEES. REPORT {COl¥llNUEDI FOR THE YEAR ENDED 31 PAARCH 2021 We are clear that we need lo grow the rea¢ of our service over the e(Thng years and work to drive the demand from the need th8t we know is (xrt there. We feel that the support we prDvkJe Is wtal to our teneficiaries and we cannot thal support to be scaled l)ack due to a drop in funding in year. We win use our unrestricted reserves to ensure that our ser¥Tr can nwintan, aThJ gro, during ¥then irK))m8 is haTdgr to secure. FINANCIAL RESULTS thjring the year we recnrded an overall net irKTrase in our funds of £113.842 <202(k. £143,399). 11 should be noted that in a nurnber of instsn IrK0Th ts recaved tharbee of the assocAaled cosis and therefore whilst we have recorded a nel inL¥aase this year in our frjnds the asswaled eosts and cash 0ts118y lor these VMII occur In futwe perfiods. £96.549 12020.. £20.$481 was rebased fr(Nn re&)icl8d reserves - I1 of £387.288 agalnst exp8ndilure of £483,837 from those fvnds. The balaTe of £210,391 was added to unrestrkled reserves {2020.' £163,947). The total funds held in reserve at the end of the yearwere £1,433.851, of whth £166.000 are designated funds, £1,009.360 8re unrestrthd general fijnds and £258.491 a restncted funts (2020: £1.320,009. of which £964,969 were Unrestred general funds and £355,040 were restncted). We considw that our unresthcted res¢p w4Uate to 6.3 m(yth' Unrestri fvtKI expenditure. The Trustees believe this is SUFwlr¥e of the Charitys fure pL4ns wlule akn remaining Fvudent in the currant economic dimale. Our invostmenls generated incA)me of £13,04712020: £10.950). and there ¥•Ere 9alns on Irwestments of £91,218 {2020.' loss on Investrnents of £35,201). Publlc benellt The Trustees cufmi th8t thty &implknJ with the duty in lion 17 of ts Chariknes Act 2011 to have due r89ard io the Charty Commission's general guidanee on public benefit Winston's Wsh supports bereaved Chilthn Ung pe the UK up to t agg of 25. The Trustees hove ferred io Public Beneffit guhlance when rewIng ¢)ur slTategic aims and in ptanning Ihe fijlure actiwties ofthe Charrty. The benefits that Imnston's Wish brings to familKgs. children and young people are delivered through a wide Tange of aties. from helplfine arhl wèbsite 3upw( through to indmdual or famity assessments delivered by Irain&J staff. At a15 Ill$ we are gulded by what Is most Ilmely and helpful lo the fanwlies ¥ s• ¢JJr SUPPLx1 serlices are fr oftharge to al thcse need the Conslftullon win$,5 Wish is both a registerwj Charity a company lynited ty guarantee. 11 was e51ablished In 1992. iniliaty by trust de&J and was incorpted as a limrteil ccffipany C 7th 1997. It is govemed by ils Memorandum of Ass0c4at. last updatgj 24 0(ober 2020. its cA)rnpany number is 03329289. charity number is 1061359, Scottish chaty Aumter SC041140. P&Je 6
IMNSTON'S WISH {A Company Ilmlted by guaranteo TRUSTEES. REPORT (coKfiNUED FOR THE YEAR ENDED 31 MARCH 2021 Govarnance and mana9ement The Artides of Asscc4ation requwe that there are at least three Trnstees. New Tnjstees are nominated by members of the 8oard of Trustees an(J erE they have the necEssary skills to contribute to the charl1$ development Trusteès can serve lor a maximum temi of 3 years and can be reapptsinted for lurther lemis. The Board of Trustees meets quarterty and in addition holds 8 wholè day meeb.ng lo rev¢ew and develop the strategy of thè Charity. Each new Trustee i8 gNen apwopriate induction and training levant to thoir responsibdi'ty. Fundraising V¥lnston's W15h i8 registered wilh the FUndIng Regulatrrf Is eonWLqnt wFih the st8nd8rds sel by the Regulator in ils 'Code of Fundraising Practice.. We are pleased to make thls commllmenl and feel 11 gives trx)Ih our don0, and $UPF. confidence in our fundrai In addilion to thLs. Wlnston's IIAsh Is an organisalional member of the Instttute of Fundraisng. Ail fundraisirwJ adwibes 8re cKganised the stsff at Winstw's Wsh. or a CmUnIty-ba$ed fvndraraer who is monitoied by a stsff Mern as an acrAJunl manager. We do Mt engage thtyd party profgssh)nal fundraisers or other commercial partKipalors to raise funds on our ihalf. We a mindfiJl during OUT fvndraising actiwttes not to be unreasonabty Fersistent or lo appty un(tt)e wessure on anyone, or lo intrude on anyone's piivxy. The Charity dkl not undertake any teleplMTh, (k)xsiep or k)ttery [yJing in the year. During the year ended 31 fvlarch 2021 Winston's Wtsh received ttvo ¢7p1alnts {2020.' no comp18inls} relating lo ts frjndraising acts'vities. These were au dealt wth arKI res0ed intnalty and there was no requirement to escalate these outslk of the charity. Pay policy for key management personnel The Trustees consKler the Board of Trustees and the senior management learn c¥)mprise the key Margement personnd of the Charity in charge of threcting and controlling. running and operdting the Charity on a day lo day bas. Trustees gNe ol their time freety and w Trustee rec8ved rgmuneration in tha y&ar. Details of Twstees, expenses and related party transactions are disd¢wd ir) note 12 to the financial ststefflents. The pay of the chief executive officer and senior staff i8 re¥iewed annuaty based on perfance and norm81ty increased in accordance with average eamings. The remunerdh.on is set lo ensure rt 15 both f8ir bul also wll attract and retain staff of the appropriate ealibre ar experience required by ts Charity. Staff and volunteèrs Throughoul the year Winston's Wtsh emWed an a¥vage of 47 and W me staff and had appr0mateLY 100 clinicaNy trained voluntews and several hundred other volunteer5 hdping wlth fund-M15bng. profile raising and office administra1k. In additib. 15 young Feople apj fforn 15 - 26 rnake up our Young Ambassador programme.. most are beTeaved Ihemselves and were supported by Wmston's Wish. All our supporters are vital to the work of the Charity aTrJ they have contributed enorTry)usty to the Su5 of the ¢xganisati(x) ané to the ser%Ace5 it provides. Thfj Trustees record their sinre appreciation of the rLJntrilyJtion from all our staff and volunteers. Re¥•rv¢s Policy While the Charity has a bro&J r8ThJe of w>me gwatitvJ acbvils to suFyort its th3rilable activities, IAfjnston's Wish is heavity rdi8nt on vobjntsry donabJns. The m8ioiity of ON8 in(y)me must be nY generated each year and the Trustees duly consKlerthe unc&tsinfies around fimdbvJ when selting the Charity's reseNes poIy. Given the nalure ol Winston's Wish styvus and our ongcing commilm¢nt lo delNer more services lo more families across the UK. the Truslees have e51abli5hed a reserves p)Iy that o)vets fvndamenlal priorities.. Page 7
WINSTON% WISH {A company Ilmited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Thal reserves shoutd be sufficient to UndeIn the commrtmenl to the conbnued gr(Awth aTrJ development of our seNicos and suificienl to covw any snifiCant U ¥lKlden IluclUalw in In 50 as to help avoid w undue disruption to seryice levels or ottw key fvnctTrons. To that end the target 15 to hold unresthrAed rvsepS at a levd that equates to at least 6 months of unStricted fvnd expendtture. The maxirThJm unrestricled reseNes al any time shoukj not exed nine months unrestricted fund expendiiure. The level of vnreslncted reserves 8t 31 March 2021 13 equhalenl to 6.3 months unrestrt(led expenditure whtch Tru51ees bttleve is approp. The Trustees are pleased to rew1 Ihal the Chwity has a rclxBt tare sheet which be used lo oontinue lo PTovide seNcw to IleS the U Investment Pollcy The Trustees bekneve Ihal avaHalk restrts StrK)d provth a reag)nable level of irK(ne to help support Its activibes and that its capltal values thuld be prole¢ted trom erosion in vakne and keep pace with inflation. Brewin Dolphin marwes Ihe Chartys investments on a fuli discretionary basos a balanc8d 8ppr08ch behveen income generation. capitat grthh and rTsk. The Frt)rt(olio is VRI dNer5ified wth a degree of ri$k The Trustees consKler thks 15 apppte for a Charity Ihe size ol nston'S Wk%h. Rlsk ManageMt The Trustees assess the major risks lo whith the Charity is exsed. In partlar Ihose related to Ihe operations and finances of the Charity, and 8re sab'sfd that systems are In pl to manage exp)sure to the maior risks. Tho Charity takes adion as appropfiate to reduce Ihe overal level of risk Re8ponslbllllles of the Trustees The Trustees a respcS1e for preparing Ihe Truslees Annual RoPKYt and the ffinancial statements In accordance wrth aFWi¢able law and regulation& Cryny law reqUIS the TSte&S to tyep finan(ial SlatenlS for eath fw]and81 Jwr. Under Ihat law the Twslee5 have elected lo prepare the fiftan(ial sLern8nts in accordanca United lQngd¢)m Generaiy Accepied AtUnting Pracike (United l&rydom A&Unting Slandards and aPPCatIe 13wl. The financial statements are required by law to give a true and fatr tsryaw of the State of affars of the Charity and of the surplus or defial ofthe Charty for that In preparlbVJ these finlia1 statwents. the Trustees are tequyed to.. select suitable coun1¥79 l[e5 and Ihen appty them 0)nSentr. make judgements and estimates that are Kable and pruden(. prepare the fin2nL?al staternents on the gcing rxnorn bass unless it is inapproprte to pre$Un that the Chartywdl continue in opernth(. Tha Trustees are responsib for keepwig prcper act4wntwYJ rtcLYds vthlth ditose wlth reasonable arLuracy al any tirrt Ihe finanua F)Sitw of the Clty and ¥thich eae them to ensure thal the financial statements compty with Companies Act 2¢Kfi. The Tru8lee9 are also resp)nslble for safeguarding the assets of Ihe Charity and hen(x for tsklng reas¢ywble sts fwthe we¥enkn and deith offr81 arKI other Iegular1tie$. Page 8
V•lNSTOIIS WISH (A company limited by guarants?) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 In so faras the Trust are 1. there is rKs Televanl audit inforn)akn ofwhich the Charivs auditors are unaware: and 2. IhÈ Tnjslees have laken 311 steps that they ought to have laken to make themselves aware of any relevant audit infornwlion and to establish that the audrtors are aware of that inf0mli0. Auditots Ha8¥r)IS has be wppjinied as auditOTS for endiThJ 31 2022 and Ilw hwe confimed their wllingness to continue kn offi¢x. Apwowj by order of ts mernbots of the lwd of Trustees on 6 IcS11 signed ffi their th&tyty. and el Purveur, Chair of Tvust••s Chair of Trustee5} Page 9
WINSTON'S WISH (A company fimlt•d by warantee) INDEPENDEiif AUDrrcAg'S REPORT TO THE UEMBERS QF MNSTON'S WISH Oplnlon We have audjted the financial 5tslennts of Winskn)'s WTrsh the year ended 31 March 2021 which comprise the Slatement of fmancAai A¢tiVTb"e5. the B8kn SheeL th8 Cash Statement and notes lo the flnancial statements, induding a surfflry of ggnlfiwt lunkn"n9 pdicies. The fiftanC reKM)rting fr8rneworf( fftal has beert applied rn treir weparalron is 3ppll¢able l * United .gdoM Accountsng Standards. incjuding Fknancial Repon9 Standard 11x2 the Financial ReFrfXting St8ThJard ap¥CaNe in the UK and Republic of Ireland (United Kw¥dom Gen&alty Ao¥ed Imn11ng Prwl. In our opinion the financrd stalents.. glve a and fay of the state ol the Chwtsble Comp8nVs affairs as at 31 March 2021 and of its inconn9 resour¢e8 aFbJ sptI)n of rurceS. ¥ Its In())Th extndilure, for the year then ended., have been property pr8pared in wxJydan¢¢ with unj Tr3dOrn Genwaty Accepted Accounting ++• Pradice: and have been prepar in accordan wilh the re]wernents c< the cCmp1es Act 2(K. the Charitie8 and Trustee Inveslmenl (SLxJllandl Act 2005 and regulatM 8 ofthe Chilies Acts)vnts {Stxland) Regulat6ons . (as amended). Bash lor opinlon Wa conducted our aLKfll in acc4)r with IntematrCrfl Standards on Auditing (UKI IISAS (UK)) and applicable law. (r responsit4fiiies under Ihose slandards are further descn.bed in the Audttor's responsiblities for the audit of the financial stslemnts sethn of our rewt Wa a tyePendent of the CharilatAe Company in accordanGe with the ethica requireffnts that are rvant to cw wjdt of Ihe financ4al ststements in the UK, indudlng the FRC'8 Ethical St8n(l¥d. TAÈ fulfflled our other ett¥c81 resK#m$1l1Is in aCrL)rf8n with these requirements. We believe that the audit 8¥the have cthined is sufficient apFwcpriate to provlae a basis for our OF4n Concluslons rel•tIg lo golThg ¢on¢em We have notrthg to rewt respeL of the matt3 in TBlation to W"Ch the ISAS (UK) reqLwre us to the ttee$. use of the going concm basis of xcowrtirg in tha preparation of the finandal statements not appropriate". or the Trustees have not dIsdo8 Hi the finandal staleftts any Djentifioj moteri81 Uncertainl that may ¢8St significant doubt al)out the compatys ablty to o)ntinue to adopt the going concern basis of accounting for a perKJd of al least Iwetrrfe months frn the date ¥then Ihe financial slatements are aulhorised forlssue. Other Inforn)atlon The othar inf0rnm0 comwkn lthe Informa in Ihe amual rewt, other than the financial statewnts and our 8uditorfs report Ihereon. The Trustees a re8p)nsaAe for the other inform8tK)n. Our opinion on the fffja statements does rw)t cover the 4)thw infonnattr)n aNJ, exept to the eKtenl othe¢vAse explicitly slated rn our report. we do not express any fonn of asrae condu5ion thereon. In t)JnnedSon OLK audil of tho finarwl stateffl. to read the other infc¥mation and. In doing 80. consder whelher the other 4)fornwtion Is maleriaty inconsistent wllh Ihe fillaa31 statements or our Page 10
WINSTopfs WISH (A rompany lkntted by guarnnteel INDEPENDENT AUDITOR'S REPORT TO THE ME&IBERS OF IW4STON% WISH ICOKTINUED) knowledge ¢)btaIn in the avdil LY olFMise aparS lo materlty n¥tsstsl. If ¥K idenllfy such matwial Inconsistencies or apparent rnater1 mi5Statements, VR arg requwed io determine whether there Is a malertal misslalernent in the fmancsaS ststemenis or a male(ial mi5Stalerrenl of the clher 1nfcwm8l. If. based on th8 rk we have perform. conclude that there 1$ a material misstatement of this other Information. we are iuwed lo rep)rt that fact We have nolhlng to rewl in Ihis regard. Oplnlon on othv matt•rs ple8cbed by thè Companies Act 2Q06 In our opinlory based on the wik undertaken in U cowse ofthe authtr. the infotmation given in the Tnjstees. report whth cludeS Ihe slrat4ic rèwt. foT the financial year for which Ihe financial ststemenls are prepared s (xx8istenl wth the finanfial slatements. and the Trv51ees' let. ¥rtbith incbJde5 the strategic repjrt. has been prepared in accorfance with applicaNe legd require(r1& altern on which are requlred to Tel by oxce&rflon In the light of the knowledge and undefStandiThJ of the ¢orryry and en4ironment oirtained In ts c(wrse of audlt. have ntst bJenlifl mateiial n¥sstsleffnts in Ihe Twstees. repo We have nolh#)g to report in respec& of the follcfiwng malt5 in relakn to whth the Companies Act 2006 and the Charities Accowts Iscolland) Re9atfvS 20C6 {a5 amÈThJed) requires us to report to you if, in ouropinbn.. adequats ac£ounting re$ ha%&e rhjt been kept, or relums adequat8 for our audit have not hen reeeived from brdnches not wted by us.. or the financ1 slments are not in 4reer[nI with the accountln9 records and retufns: or certain disdosures of Trustees. remuneratJn speufied by l&¥ are not m8de,' or we have not rKeiv$d all Ihe Infonati( and exF4anati($ we require for our aud¢ or RespoD811Jllltles of trte3 The Tnjstees are responsible fDr the otheT Inf0mtiOn. As e>'ned more fufy in the Trustses. Responsrfolllties statement the Twsle8s {wtto we aTrsQ the Dirtejrn ol th& chantatrAe company foF the purposes of company law) are resF4)nsible for Ihe preparatbon ol the finanaal statements and for satisfied that they gwe a true and lalr ew, for sh inlemal cA)ntrol as the Tmslees delerrrine is n2Sary to enable the prepartion of financial statements that free frcm material ff#s¥tatemenL ¥Mher (Je to fraud or ern. In preparing the finarKaaE st*ements, the Trustees are reSp¢ts[e for assessing the Chafttae Comp8nls abllity lo continue as a gn9 cc4Kem, disdoslng, as apFknt4e. matters relaled to going (¥Jncem and using the goiftg con¢em basis of Ounting vnless d)e Trustees erther intend to hquidate the mpaThy or lo cease operdtion4 or have no realistsc all&nabve but lo (k) so. Page 11
NSTONE WISH (A comp•ny Ilmlw by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WINSTON'S WISH (CONTINUED) Audlt¢rf$ re$ponslbllltle$ forthe •udit of the fihancial slatem•nts Our objectives are io obtain reasonable assurance abwl whether the fina1 51atemenis as a whote are fre8 fr material mi$slatement. ether due to frdu¢J or error. and lo issue an auditors report that indudes our oÈvnw. Reasonable assuran is a hwjh leval of assLtrance. bul Is not g guarantee that an audrt conducted in accordance with ISAS (UK) Vill aayS delecl a material msstslement it exists. MSsstatements can arise from fr8ud or error and are dered material if, indNJuaty or in ihe aggiegate. they could reasonably be expecled to InenCe the e¢ot)onK of users taken on the l)asi5 of these finan¢ial statemnts. Irregularities. Induding fraud, are InStsn of n0nwc08ne£ with laws 2nd regulations. We design procedures in line with wr resP¢S1b1Iltie4 oullined alx)ve. lo detect materia mls5talentS in resm of irregularili&s, includin9 frOJ. The extent lo wlxch our wccedures are capat4e of dele¢liThJ irregLHartbes, Iu"ng IraLJ is We obtained an uThJerstsnding of the legal and regatory (rnMe aHAKable lo the charity finandal statements or that had a fundamenia effgra on the operatk)ns of the charity. We deterrnined that the most signifKènl laws ar gatIOnS induded UK GW. UK CTrpaNeS A¢t 2006, ano taxalbn laws; Wo assesJ the gJSCeFlibilty of the c¥JmpanVs finamal statements to matenal misstatèment. including h1 frwjd mtghl occur. Audrt procedures perfornd by the engagement ieam induded challenging assumptions and judgments made by management yi its signikant •xounting estimates idenlfying and testingiouma entries, in pafticjjlar ary soumal entriès pjsteil th unusual characleri8t A further description of our resrMSitMIit(es ts the audit of the fmancial ststemenls t5 Icuted ¢)n the Financial Reporting Counul's webslle at Y.1ra .uklauth"IoTsres onsits"lils. This description forms part of our Auditovs rekKrft. Use of our report This report is made solety to Ihe charitable caxr(JwVs rnenHs. as a l>)(ly, in acA)r¢fanc wth Chapter 3 of Part 16 of the C%1panIeS Act 2¢J(kS, to the than&ble cofflpatys Tnjslees. as a body, in accordance wl Regulation 10 of the Charity knounts ISc¥)Uandl Regulatb)ns 20. Our a[[d work has been undertaken so thal wg might slate to the Charitab Cnpan8 members and Trustees those mlers we are required to stale to them in an auditorfs reF and for no other WFPCbse. To the fullest exlenl Femwtted by I, we do not accept or asgjme responsibility lo anyone oU)er than the thantabbe company. the cart8tle companws members as a body and Ihe thaiitatjle con4)0S Trustees as a Ixvty, for our othlit worK for thi8 repoit or for the opinions we have formed. S¢ott Lawrenco FCA IS•nior st•tutory auditor) for and on behalf of Haziewoods LLP Chartered Ac(x)unlanls and Stabjlory Auditc staverton Court Slaverton Cheltenham Gloucester5hirp GL51 OUT Dalè: 11 oober 2021 Page 12
WIMSTON'S WISH IA ¢I)mpY limited by guarantee) STATEhlENT OF FINANCIAL AvEs (INCORPORATING INCOME AND EXPENDrruRE ACCOUNTI FOR THE YEAR ENDED 31 PIARCH 2021 Unrestrkw Restricted funds funds 2021 2021 Total fuMI$ 2021 Tolal funds 2020 Note IncoThe from: Oonab"on$ and legades CharitskAe activitS 1.296.101 142.411 387388 1,684.OB9 142A11 11359 2.239,444 180.403 13.047 Total inc<>rne Exp¢nditur¢ on: Raising funds Charitable actfv 1850.471 387308 1.837,759 2.432.894 521.123 810.175 521,123 1394,012 586,001 1,668,293 4837 Total expendltu 1 J31,298 483W7 1.815.135 2.254,294 Not incom&lexpenditure) before n•t galnsl{losses) on Investments Nel gainsl{105ses) InveslnRnts 119.173 91218 {96.549) Z2,624 91,218 IT8,600 (35.201) 14 Nd mov¢m¢nt In funds Reconclliation of fvnds: Totsl funds brought kjrward Nel errent in fuThJs 210J91 (96.S491 113042 143.399 18 964,969 210.391 355WO .549) 1,520,009 113.842 1. 176,610 143.399 Total fund¥ carried forwavd 18 1.175.360 258A91 IN3351 1,320.009 The notes on pa3e$ 16 to 34 fcm part of Ihese finam>aS len*nl& Page 13
VIINSTON'S WISH (A Company Ilmlted by guar•Dts¢ REGISTERED NUMBER: 03329289 (England and Wales) BALANCE SH AS AT 31 TrIARCH 2021 2021 2020 Flx¢d a•8ats Tangible assets Investments 13 14 40.213 674.28S 51.146 477.352 614,49 528,498 Current assets Stocks D8blors Cash at bank and in hand 34,717 36,299 93.051 759.852 15 813.323 938,429 889,202 Creditors.. amounts falling duewithin year 16 (119.076) (97.691) Net cufftnt 1¥•t8 819A53 791.511 Total Del •¥sets 1A33.8S1 1.320,009 Chaiity fund$ Reslrtcled fiJThJs Unreslricled fvnds 18 18 258A91 1,175,360 355.040 964.969 T¢)tal funds 1N33051 1,320.009 The financial statements ve been wepared in accordar•x th th8 F0310n5 applb to entitbes subjeci to the sm811 companies regime. The financial slatemnts apprrpd and athho for issue ty tho Tnjslees on 6 October 2021 and sig on their behall by". Nigel PuTheur Chalr The ncrtes on poges 16 10 34 part ofthese financial *lemenl& Page 14
WINSTOPIS WSH IA Gompany limiLed by guarnntsgl STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 l•lARCH 2021 2021 2020 Cash flows from operatlng activitte8 Net cash ¥vided by operating activ&ies 20 66.369 s,262 Cosh flobvs from inve8tlng actlvitie6 Dividends and interesl from invesln%nts Purchase of tsngIb fixed assets Proceeds from sate of inveshnents Pur¢ha8e of investments Movement (m cath hehj for relnvestrwrt 11,259 18.4421 61,438 (68,544) 18.6091 13.047 191,448 {194.093J (4.089) Not ca8h (used inVprovld•d by Investing aclivibes (2.8981 6,313 Change In cash and cash equivalents In the year Cash and osh equivalents al ts begi)ning ollhe year 53.471 212,575 759,852 547.277 Cash and ea$h •qulval•Dts al th• •nd of the year 21 813,323 759.852 The notes on pages 16 to 34 fomi pgrt ofthese ffnancial st*l8nwts Page 15
WINSTON% MSH (A Company miled by gu•Antse NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 G•neral Inf0mlOn Winsion's is a o)mpany limited IV guarantee (num. 03329289 England and wa5) and a registered charity in England and Wales and Scodand {numbers." 10S1359 and SC0411401. Its registered offix Bddress is 17 Roya Crescen[ Cheknhwn, GL50 3DA. Accounting policies 11 8a616 of preparation offlnancl•l st•tements The financi81 statsments have been prepar&J in ac£>ydano ¥th the Charths SORP {FRS 1021- Acwunting and Repming ty Charit: Statement of ReconwrEnded Pracllce appllcable to Char$ preparing their aco)unts in aecordanr 1pth the Financial Reportwig Stsndard applicable in the UK and Rep¢Jbl¢c of Irelarml (FRS 1021 (effe(Ne 1 January 20191, Finanthal Reporting Standard apF4icth in the UK Republi¢ of Iwland (FRS 1021, the &Jmpanies Ad 2006 and the Charities AcI2011. Winston's meels thè deffiniih)n of a pU1C l)enefit under FRS 102. Assets al liabilities are initiany renised at h¢stortcal cost or tra1CtiOn value unless olhen4ry3e stated in the relevant accountino pdiq. 22 Golng concern The Trusttrs assess whether Ihe 4tse of goiThJ o¥Kem 1$ approwiate. l.e. wheltw thore are any material nrtaintieS rdaled to a¥Bnts or canditions thal may $t a signthnt doubt on the ability of the Charity to ntinue as a going concem. The Trustees make this assessment in respect of a p6ri(>J of one year from the dale of approval of the financial stalennts. On review, which includes a reyiew of the impact ol Cod-19 on fvt¢Jre inoxne Stream and events. the pipdlne of income, Inco secured to dats. the fixed axl variable costs Ihe h&$, abng vAth Ihe acthons Ihe charity coukl take to redu¢ exparKrrture. the Trustees have tsJnt4th that they are to adtspt the goSng cA)nrm baws in preparing tho ann financial StaIeffts. 13 Income All inCm Is rerxgni5ed (ce the Chath has entiuernent to the income, ft i8 prc+)able Ih8l the income fjll be recoved and the anyjunl of inoxne rgceNabte ¢an be measured rellably. The rwnibon of incom8 from legw is depentht eslabfthing entitMent. the probability of receipt and Ihe abNty to eslirnate with sufficienl accuraty the amount rl¥able. EV$r¢e of enbllemwl to a legw exlsls th the Chafity has SLrffhient evidencE that a gift has been left to them Ilhrough knge of the eiistence of a v8fid will and the death ol the benefack} and the executor is satlsfied that the rrtOFxty in queStm will not be required lo satisfy claims in Ihe esiate. ReJipl of a k8gaGy musl be reLxJgnised when rt i8 probat4e Ihal will bè receÉved and the fair value of Ihe oUnt recetvablg. which genwaly be the exkxcled $b amoLml lo be diStrited lo the Charfty. C be relkabty measured. Grants are included in Ihe Stalement of fffjanciat actiwties a recEIvae basis. The balance of incorrE reeeived lor spec4fic pUrSe$ bjl not expgnded durir@ the pericxj 15 shown in the relevant nds the Balance sheet Where irxxme is ffewed in adwance of entitlement of reIPt. its re0)gnIt¥ is deferred aThJ irLduded In crerfrtors as deled incorre. Where entitiement ¢KCU r1p¢ dcrfthed Vofessi1 Services 8j fxilii63 are rec>)gnW Ihe basls of the value of Page 16
WNSTON'S WISH IA company Ilmtted by guarant&•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accountkng pofKle5 Icontlnued) 13 In¢on)• (continugdl Ihe gift lo Ihe Charity is the amount woutd have been lo pay lo obtsln 5ervEce8 or faube$ ol eq¥JNaient e(>Jnc4nic benefll on the open market.. a coffespondlng amount is then rewgnised in expendilure Mi ofrn(t InrxJThE from treinlng act1w5 1$ rwntsed Tthen the tralnin9 tes F4ace. 14 Expenditure All expenditure is accounted der the acuuals a)ept Costs albcaied beiween charitable tosts and Ihe of raising fijnds. Offiee njnnlng costs h8ve tren approitioned acros5 these hthjings and ¥hre apprcyTiate knto restrIed expendtture, according to trst es(imale of usage. The irrttoverabse amount of VAT is included within the item of expense to which il relalé& 06preciation is all(le to expenditure heathng$ on the basis of the use of the assets concemed. 2S Gov•mmentgrnnts Grants from govemmenl teS are red for projects11sIS and are recognised acCdance Yth thdr indNiJual terms arKS ¢{ditIOns. In¢xrfne is reeognised when the Charity has enlidement to the fund5 which fis when any wf0mn¢t conditms aliached are mel, ¢t is probablè that the in¢cTh will be re(ved and the arnount be reliaw measured. Granl income will bè deferred if received in advance of meeting perfomTrn ConditxS or rf the funder srafically stsles Ihal Ihe incy)m may be sPt in a future a(totmbng F¢ritsJ. 2.6 Interest rn¢eivab Inleresl on funds held on deFK)8ti is inded kn r1val and the amount 07 be measured reliaw by the Charity: IS 15 nomialty UF nobfk7tiw ol intwest paid or payat4e by I Inslbtuknon with whom the fLmds are depostted. 2.7 Taxation The Charty Is exempt from (axal)n on its i[K¥) apF4ed exciu$Nety to Lwitable purpose& 2.8 Tangibts fad ass•ts and d•prKiation All expendthjre on acquisilth. enhancemenl, mluclion and Installatsc and fixed assets received by way of donation we as fixed asset assets ore staled ihe Balanco sh al cost less depCIali0n. or in respect of dcSted assets, at esumated value at the dale ol donat)n P¥Je 17
WINSToifs YIISH IA Gompany limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 RCH 2021 Accountlng polici•s (ntInu•d) 2A Tanglble I1x assets and depreciatlon {conti1MdI Deprec110 is tharged so as lo alk)cale the cost of tanglile fixed assets less thar residual value overthew esiimaled useful liveg. using Ihe strdigh14wR rrtth(MJ. Depreckgticffl B w0ded on the f(111ryn9 ba. Leasehold improvem Flxlures and fitttngs Conyrterequipment 15% 25% 2A Invostmants Investments sted m a tecognssed stock exLange are stated at rTh&rr%rkel value In the Balanc SheeL All movements in Wdhje anslng frorn thanges and revalu8tK are Ircluded rn the Statement of FinancJal Activilies. 110 StOGk6 Slod( 15 valued at the l¢)wer ot c1 and net reaSable vahje. Cost is represented by purchase price. Nel realisae walue is eslin¥gted sdling pnce less fvrther costs ex[ted to ba incurred lo nwetion and disp¢wl. 2.11 Debtors Trade. oiher debt &)7ued we recognised at the seltlament OUnt after any tradg discwit offered. Prepayrrth aTe valued at the anxwnt prepaid net of any trade dIsunts due. 112 Cash at bank and kn hand Cash at bank and In hand Inthles cash and short-temi INJul in¥estsm8nts wlth a short maturity of Ihree nwiths or less from the date ofacwisitth or qIng ¢f the depcrt or similar accA)unt 2.13 Llabllltles and provlslon9 Credllors and provi&ons rtcgni5ed wh the Chaty a present obligat)n resutting from • pa81 e¥enl that will probatrAy rfjsu in the transferof funds lo a third paty and Ihe amount due to sete the Olgall( Gan be measured estimated relbty. Creditors and provisions are normally rec¢gnised ai their SetUen amount after tTrde disctsjnts due. 114 Financlal Instrumenls The CPk8r¢ty only has finala1 assets and flnaTh?d liabrt of a kiid Ihat quafify as basic finaThial instrurnents. Basic finanaal instruments ae Inwy reLwnised at trarwtion value and subsequenty measured at thefjr seltlemenl value. 2.15 olIting leas¢s The c05t of ènd income from operallng aSeS is charged and ct&frted to the Stalemenl of FInrIal Activities on a strapjhl line basis over the lease te Page 18
VIINSTOWS WISH IA company 16mltod by guarants• NOTES TO THE FINANGIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 A¢countlng 1¢10$ Icontlnued) 2.16 PenfA¢)n8 Conlnbuli¢Jns payat4e on behalf of empbayees to the defined contributton pens)n scheme are charged to the Statement of Financial Acts"vits as they beo)me payable In atxordance wlh the wles of the heMe. 2.17 Redundancy Redundancy (x)sts arise from Ihe F([C revie4A of staffing levels ald are charged lo the Statement of Finanual A¢livities in the year in wt)J) Ihe Ch81ty is demonstrably commi118d to the employee leaving Charity. 2.18 Fund a¢counting General fvnds are unrestrirAed funds whKh are avadable for use al the distxetion of the Trustees In fvrtherance ol the owal ci¥ectives of the Charity and thich have not been deggnated for oth PUTposes. De9ad funds comwlse un$trI funds that have been set aslde by Truste88 for particular purF4)ses. The aim arvj use of eath clesignd fvnd 1$ 8et in the rntes lo the finantyal staiernents. Restiicted funds are lur which are to Ix used in acc£rfdatKX wilh speofic restrictions hllFK)sed by donoTS or whth have l)een raise(I by the Charity for particular The aim ar use of e& rest[Ktl fund is set out in the notes to the rmaTral ststerTren Crltkal a¢Gounting estirnat•s and •reas of Judgement Preparation of the flnanclal stal8fffbts requires management to mak8 judgements and esllmales. The Trustees consJer that there are no matetiJ judgements in apFlwng accounting or key sources of e5tlmalon uncertainty. Page 19
WINSTON'S MSH (A company limited by guarantee NOTES TO THE FINANCIAL STATEklENTS FOR THE YEAR ENDED 31 MARCH 2021 Income from donatiom WMI legacies 2021 2020 Donatlons Indiv[d$ and Individ¥1 Fwhlrni8erg Companies Challfable Founda$ Grants and from Slaiutory Authtythes 728.162 210.fj53 468,277 176.1x13 1.073, 705 341.370 573.519 223,834 1,583.095 2.212.428 Legacies Govemmenl grants.. C(xonavirus Job Retention Sdme io.ooo 90,994 27.016 1,664.089 2,239.444 Ofthe Inwma Irrxn donalions and l¥des £387288 (2020.. £895,L712J was restJKted. Incom• from ch•rllabl¢ a¢tivitie• 2021 2020 ProviSn ofClir¥cal serv and TnIng Sales of Publicathns and Resowr 32,700 1119,711 42.823 137.580 142,411 180.403 All fKxJme fr(xn Lwitable acfvilies is unrestsided. Inv•$tm•nt Income VnY•slr•cted nds 2021 Total funds 2021 Tolal fvnds 2020 IncM)m from InveslAts Bank Inleyest 10.770 10,770 489 11,803 1.244 11.259 11.259 13,047 Page 20
WINSTOKS bMSH {A ¢1PnY (Imit by gvAfn¢¢el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 RCH 2021 Expendlture on raising funds Costs of rals5ng volunlary Income Unrthrfcte funds 2021 Total fvnds 2021 TL fiJnd$ 2020 Costs of ra1£w3 vdunlary cosls Costs of raising voluntsry x-Wa9eS arKi sal¥ries Costs of rain9 volunw incC. depreation IoGaled centrty Nicurd fundraiwng and go¥ern8nce costs 129,503 288,386 3,875 129,503 288.386 3,875 183.327 329.683 4,293 99.359 99,359 68,698 521.123 521,123 586.001 with the aLxwe "Costs of raising vc4w*ary Irwrn - other Sts- are direct costs of fundraising of £68,054 and an 4localed pr¢)wJrtw)n Of0ffi ovetheals and admin costs of£61.449. The figure for "Allted ntraIty Incurred fvndraigng and govern costs. cover it5 such as additiona support staff wages thre a pucfjntage has apF4ied to fundralsing &tivitiès. These are not direct costs of fvhdra1ng bul, in line Ihe Clwities SORP. are altocated central costs. Anlfysls ol expenditure on charttablo activftles Summary by fund type Unre¥tricted Restricted fvnd5 2021 Total funds 2021 Tolal funds 2020 2021 RegIOr Admties National PnJgr8mnws 935,912 732.381 810,175 483.837 1.294,012 810.175 483.837 1294,012 1,668,293 Total 2020 752.743 915,550 1.668,293 Page 21
NSTONE WISH {A Company limlted by guarantse) NOTES TO THE FINANCIAL STATEAfjENTS FOR THE YEAR ENDED 31 MARCH 2021 Anatysls of charitab a¢llvlll•$ exwndlturn Iconlirnwl) knalysis of support co¥ts Reglonal Natlonal Activitie8 Programmes 2021 2021 Total funds 2021 Total funds 2020 Slgff costs Depreaatson Olher eosts Audilorfs remuneralit 251,369 251J69 1I64 22,556 7,IJ01 152.859 32,890 7,1 282.7 282.790 195,579 Total 2020 109.720 85.859 195,579 Included wittmn surwt costs we: Govemance Costs 2021 2020 Au¢ltorf$ reMrati Trustees. ctsts Other Staff cosls Alk)caled supth costs and dewecia 9.461 170 13 25,42S 388 7. 122 5,IC 26 30,8qO 6.936 37.157 49.994 Audllols remtsnèrnth)n 2021 2020 Fees payable to the ChWs alI10r forthe audrt of the anwal 7,800 Page 23
NSTOlfS WISH (A c<Mnpary Ilnwted by guarantee) 140TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2021 11. Staff costs 2021 2020 WagBS salaries ?1 secuiily costs Contrlbulion to defined ntribUll 5cem Redundancy costs f,OY9A12 90N28 11J1.3B9 25,482 1.296,530 111.535 138,229 1.296.711 1,548.394 The Ch8rty offtles a safary &eme kn ern0 to make &JdIlal conffibutions to the Fens1 schema or re1ve childcare Whr¥. The pension cy)sl figur¥ akx)ve includes both employee and eThploy8r confribubons, ÉndLMIiry any element arBin9 from the salary Sacrifi 5heme. The salaries figure indudes the cmt of childcare Nwcher5 ari4ng lxrt ofthe 85so(aated salary Sacrif 8cheme. Redundancy cosis relate deparkwltal restrucknring sUllIng in Ayyovéd efidendes and cosl savin98. Redundantrrf payments totsued £25.481 (202tr. £1 IOOJ. The average number of pen$ emrW by Ihe Chaiity during year was as fouows.. 2021 2020 Fanmty seTh FurJraisirwJ and publKriy Admlnlstratbn 27 11 26 io 47 42 The number of •yees wthose 0Ye8 beneffts {exduding employer penskjn cwts) exceeded £60,¢)00 was." Restated 2020 2021 No. In Ihe £60.001 - £70.000 In the band £70,001 - £80.01)0 The key managemgnt pfjrsonnel of the Charity ¢omptsgs ts Chief Ex¢tiVe Offthr, The Directcr of Family Services {untd Sepiember 2020). Ctrector of Flnance and Resources (unb"l November 20201 and Dlrector of FundraÉsing arKI CornmunKalions. The tot81 employee lneffits of the key management personnel of the Charrty were £245.480 (2020." £297. 198 rostat8d). The Charty 15 suppNied ty a lar9e number of 4UteWS Tl¥e no Thnera1k)n. The value of this support has not teen ind]ed in these finantsal staianenls. Page 24
WIMSTON'S WISH (A coThyany limtted by guarant•o) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 12. Trnsteo8' remuMr•tion and expenses During tho year. M Trustees f1Ved any remunerat +xother benefits (2020. £NILJ. DuFing the Jwr endj 31 Math 2021, exSeS £nil ¥4we reimiwrsed or paid directly I Twstee (2020 - £5, i¢X) to fo Tmstees). The prb)r year eXk8es re1 lo expenses for atterIng meeb'ngs and duties directy relaled lo thar dut*s as Twstees. 13. Tanglble flxed Issds L•a$ehold Fixture$ 4nd knprov•m•nt8 fittbngs Gomputor ¢qulpmÈnt Total C¢st orvalua¢ion At 1 Awil 2020 Addilk)ns 18.96Q 22,618 57,968 8,442 8,442 Al 31 Mard12021 18.960 22.618 66810 107,988 Depreclatlon At l April 2020 Charge for the year 10296 3J93 30.520 12,190 48.400 19,376 3.792 At 31 M8rd) 2021 11,376 13.689 42,710 67.775 N•t book value At 31 March 2021 BJ29 23.700 40,213 At 31 ma 2020 11.376 12.322 2T,448 51. 146 Page 25
IIIINSTON'S MSH IA company knilted ty guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2021 1& Fixed asset Investmènts Listad Investments Cost or vluation Al 1 April 2W20 Additions Disposals RevaluatKn5 Moyemenl on cash held for relnve3tnt 477,352 58.$44 161,4381 91218 8.609 At 31 Uar¢h 2021 674,285 15. Debtor 2021 2026 Trade debtors other debtors PrepayTnents and aclxued incom8 16,8S2 3.76$ 69,772 26.263 4.620 62,168 90,389 93,051 16. Credltors: Amounts lalling due lthln oneyear 2021 2020 Trade creditors Olhert8X8tion and soclal Other creditors Accruals and deferred irKOff 32.170 22,321 7A81 67,104 5,257 31,084 10,887 50.463 119,076 9T.691 Oeferred inc relates to doF4)sits recav&J before the year end In lieu of fvture tharitabie wot* that may be carrted out. These deFK6it5 W10 onty be used Ihey were alrfh lo do so by the don(Y and wouhl be repaid on dernand rf not used. Page 26
WINsTos WISH {A Company Ilmlted by gu•rnnts•l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 17. Flnancial Inslrurnent 2021 2020 Flnan¢ial a$$•ts Finan¢io185sets measur&J al far value thrrAgh and expenditure 574,285 477,352 Financial assets rrEasJred al fairvae through wKome and expenditure ¢yJmprise Ilsted investments. Page 27
WINSTopfs WISH IA G<Mnpany lknlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 18. Statement of fund8 Statemtrnt of funds- cuTrent yr Re$taled Balance at 1 April 2020 Balance at 31 March 2021 Tran9fers inlout Galnsl (L05S06 lTrcomg Expendknre Unr¢stri¢ted Dessgnated funds Digital and Online Devel¢weni London Bereavernent SupFKXt Services InL))ma Developmenl 7&1) 75,000 44000 45.000 46.000 46.000 166.IN)O 166.000 General lund8 General Fund 964,969 1ASlbA71 11.3313981 {166,0001 91318 1,009,360 Total Uniestrlct•d funds 964J69 1N50,471 (1.3313981 91,218 1.175A80 Restrfctsd nds West Sussex CCG BBC Children w) Need National Lott&y ComrThJnity Fund st James Plx Gharitsble FouThJaUon KyslaTht Charitable Tntsi 50,000 (so.000) 54,342 (48,509) 5I33 (46W51 72,01)0 71000 ri,0101 81999 Page 28
IMNSTON'S WISH (A company limRed by gvaranteel NOTES TO THE FINANCIAL STATEMEiirs FOR THE YEAR ENDED 31 MARCH 2021 18. Statement of funds {¢i>ntlnued Statement of funds . current year {eonfinu•dJ Balanc• at 31 March 2021 Balance al 1 Aprfl 2020 Trnnsfora Inlout Gainsl (Lo$$e8 )comt Expendlturn JESCP Jo1 Emergency Charitable Partemership St James Plac* Fovndalion {exi5itirrfJl John Lyons Charity Brighton and Hovfj Pan Sussex The Emest Kleinwort Charitsble Trust Gloucestetshire CCG <£15k?l < £15k2020 66.674 160,000) (22251 62,110 (N,7101 23.400 30,000 (28h871 1.513 qs,000 (7AOO) 20.000 l¥J,000) 75000 109A41 s00 (7S,000) 183,969) (TS,9221 25,472 35.326 106,247 355,040 387288 (483,8371 258.491 Total of funds IJ2Q009 1.837,759 {1.815,1351 91318 rf,433,8SI Pa9e29
WINSTON'S WISH IA Company Ilmlied by guarantso) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 1& Statement of funds (ContIned? Statsm•nt of lunds- prlor year Balance at 31 March 2020 8818nGe 81 l AwI2019 Galn (Lo8S) Income Exp8ndRure Unrestrfcted funds General 801.022 1.537,892 (1.338.744) (3S201) 964,969 Reslrided funds BBC CFuldren in Ne Masonic Charitable Foundation Wigan Family Wdfare Inc( cheCknle Limited Kyslantcharitable Trust JESCP st James pla Foundalion <exisiting) John Lyons Charity Guslav-Stiegfe41iftury Foundlion NHS Hor5ham and Mid Suss•X NHS GrouterSh1re CCG June Stevens Foundation Grenfell ApFe81 The Henry Smth Tha Emesl lQeinwort Charft8t4e Trusl Help for Herogs Grant Victim Support Grant Humttmngkn Charitable Trust MET Polke and City Orphans < £15k 2020 2.947 6.2 14866 37,896 (37,780) (24(W) (15,866) 3,063 6,250 25,tXIO 25.000 90.009 66, 753 120.466 6&753 (30.457) 49.344 70.028 (5T.262J 62.110 30.OLX) (20.tJX)) (5Q,OLW) lo) 117.tXYI) (57.222) (34194) 74Ck IT.CKO 1&177 24.067 44.IX)7 14.583 1, 982 3.456 (30.QWJ {42.117J (TT. 157) (188.332) (15,000) (142. 163) 42,117 77.157 249 14.917 49.372 13&311 45,520 375.588 895.iK12 {915,550) 355.040 Totsl of lunds 1. 176,610 1432.894 R254,294J (3&201) 1.320.009 Page 30
WINSTON% WIS IA Gompany limited by guaran¢g91 NOTES TO THE FINANCIAL STATEIIENTS FOR THE YEAR ENDED 31 MARCH 2021 18. Ststsmtnt of fund$ (¢OntInd) The Ind4vldual fund baLqn¢%s at 1 Awl 2020 have been re8tated to more clearfy show the material reslrfcted funds forthe benefit of the reader. There is no Over change ¢)n the baLqnce kxoughl fward. West Sussex CCG - To fund the rthOsion of seNtis in Susse 88C Children #i Need - To fvnd bereavement support prraMrne for chihdren 8TvJ young peo bereaved by suK#de {indlIng a Soulh West SuK•Je Lead Prdditionerl. Nali¢)nal Lottery Conmunty Fund - To fund besp trainiThJ to schoc4s and youth serviLW& st James Place Charitable FlatIon- To Cf¥kJ Bereavement seNics in Bristol. Kyslant Charitsble Trust- To fijnd ser¥*e proNision in WorCeslre. JESCP - as these fvrKls Uj fv) b8 spent In liie the wlshes18id d•M by Ihe donor these lunds we retumed dwng Ihe . John Lyons Charity - To fund a thild bereavement SeThe fanleS and corrwwnities affttted by Ihe Grenfoll Tower Fire. Brighton and Hove Pan Sussex- To fthKI the probision of seThw in Slwex Emest Kkinwrt clt0 Trust- To fijnd the provigon of in Sussex Glgucestershirè CCG- To fvIKI prowsfvjn ofwvxw in GIOUStershi[e. 19. Anatysls of net assets between funds Analysis of net 4ssets tween funds- curr•nt year Unrestrlcted Restricted funds funds 2021 2021 Total fund5 2021 Tangible fixed assets Ftxed asset Nwestrwits Current assets Credilofs due vmthin one J 40,213 574,285 679,938 (119.076) 40213 574,285 938,429 1119,076 258,491 Tot•1 1.175,360 258.491 1.433,851 Page 31
WINSTON'S WISH (A Company 11m1t lry guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 19. Anatysis of n¢¢ assats bel fvnd¥ (¢ontlnu¢d) Anatysis of net a* between funds- prior year Unrestricfed Rosthcted fvnds fvnds 2020 2020 furnts 2020 Tangible fixed assets Fixed assel Investmts Current assets Creditors due wilhrn one y 51.146 477,352 S34,162 (97,691} 51,146 477.352 889.202 (97.691) 355,040 Total 964,939 355.040 1.320.009 20. Reconelllltlon ol net movem•nt kn fvnds to net cash Ilow from operatlng a¢tlvities 2024 2020 Nel inrA)me fw year {as per Stalw1 ot Financial ACtVtieSj 113,842 143.399 Adlu8tments tor Depreciati¢)n charges 19,375 191,218) 111.2S9) 1,582 1,277 22,770 20.104 35.201 [13.047) (7,992) 59,493 (30,896) DSvRlends and interest frn in¥eslm Decreasellincreasel in slod(s Decrease in debtors Incwsd{dec¥ease) In creditors Not cash wovkled by opwaflng xtlvitlgs 56,369 206.262 21. Analysi¥ of caBh and cash eryival•nlB 2021 2020 Cash In hd 843,323 759,852 Total Cash and ¢ash equlvalonts B13A23 759,852 Pagg 32
WINSToifs WISH {A company mIted guar4nte81 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Contingonl Ilabilitles The Chanty has glven three indernnilies to solKytors to cobw fvnds reIVed m reS¢t of Residual Client Accounts that they held. The sofntors had made Ihe assessment that the on these accounts would never bo daimed and so. Imth the prr approval of the Solicitors Regulalion AUthlty, they paid Ihese aojount balances to Winstrfi's Wish. The ind2mnty means that shoukj thg Ial ovmer of the residual balanc be traced andlor legitimatety daims the reskjual balance then Win51on's Wish wil retum nds to the soliators. The Tnjslees belMe that it extspThty unlthdy thal these monies would be reclaimed. wever. as Ihe Charity holds a trthJh level ol unreslricled fvnds, any reclaim could ealY I mei wthout it having any detrirnenlal effect on Ihe rity. At the year end the Charity had gwen six indemnilies totalhng £37.tw (2020.. £35.468). 23. Pensk•n conwnltments The Chafity operates a defined contritiOn pension scheme. The assets of the schame are held separ8tely from those of the Charty in an mdependenty admlnistered fund. Thg nSiC cost charge rewesenls ())ntribUtn$ payable ty tho Charity to the fund {fof employee and employer c(fLtribulions as explalned n note 11) and amounted to £101.389 (2020 - £t39.229) Contributions lotaling £7,481 (2020.. £10,887J We payable to the fvThl al the balance 8he81 dale and are inchjded in other cred5tors. Operaung lease ¢¢)ftMntrtm•nts At 31 Mar¢h 2021 the Charity had eonvnitwts to make future rthimwn lease paym6nts under non. cancdlabb operatin9 leases as fol 2021 2020 Not laler Ihan 1 yar Laler than 1 year and n¢X later than 5 y$ 67.956 38,868 97.956 99,362 106.824 197.318 The kase payments hB¥e Ien rec4)gnwJ as an expense ¥1 the St8temenl of financA81 2021 2020 Operating * rentals 97.956 97.978 Mwibers. Ilabillty The Charitable Company does rrot have share t2pttaTr and is limi by guarantee. Each of the rnemb$rs is guarantor to the extent of £1 in the et of the Charitae Company being wound up whilst they are members. in respectof debts and Ikgbdities ts)ntraeted before they ceased lo k a member. There wore 10 memters 8131 Mar( 2021 (2020.. 10 M8mÈ). Page 33
NSTON'S WISH (A company limited by guarnntee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 26. Related party transactions Thare w¢(e no related party tran5aL%w)ns dwing thSs or the w&Jryear. Page 34