2026-03-31-accounts - Wise Thoughts

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Wise Thoughts

Arts Charity Annual Report 2025-2026. Arts with a purpose. Building #CommunityLegacies Company Reg. 3758786 Charity Reg. 1077616

Statement from the Chair

Welcome to the Annual report for 2025-2026

I have the privilege of presenting the annual Wise Thoughts report.

In the past year we have developed a new programme of work focusing on wellbeing, with the support of the Community Fund. The #CommunityLegacies Initiative creates a holistic approach in utilising both physical and mental wellbeing activities. The initiative provides a much-needed opportunity for our participants to benefit creatively and actively in a supportive environment.

opportunities to build confidence, make connections and provide wellbeing activities to our communities.

The programme o�ers a range of arts and wellbeing workshops, from creative writing and to drama, painting, soundbath, and yoga. As well as continuing to provide LGBTQI+ drop ins and advice sessions.

Despite the challenges of the economic and funding environment, we continue to deliver an important and necessary service to the community, for our participants and service users. I would like to thank on behalf of the Board, our volunteers and sta� members Subodh and Niranjan, for their commitment and dedication.

I look forward to the year ahead, as the organisation aims to continue to provide essential arts initiatives and services to strengthen engagement with our communities. Our arts centred approach to activities and accessibility for all is a tenet that the organisation continues to uphold and build upon.

Statement from Artistic Director and CEO

taken place in the types of projects that we have created. It has heralded the beginning of a new creative chapter for the organisation, which will inform and help to define our programme of work over the next three years.

that brought together diverse communities to participate in arts activities that aim to support mental and physical wellbeing. The outputs from the activities have resulted in the creation of ‘Living Legacies’ which can support, inform and educate existing and future communities. The knowledge gained from it, has helped me to set the path for the future. A path that will bring creativity to all that engage with it.

with regards to the range of communities participating to the increased levels of physical and emotional wellbeing with individuals. The programme continues to bring together diverse communities to enable people to actively share in the creative and wellbeing process.

Company registration number: 03758786 Charity registration number: 1077616

WISE THOUGHTS TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

Bowdon Accounting Services Ltd. Bartle House Oxford Court Manchester M2 3WQ

Wise Thoughts Contents

	Page
Reference and Administrative Details	1
Trustees' Report	2—5
Independent Examiner's Report	6
Statement of Financial Activities (including Income and Expenditure Account)	7
Comparative Statement of Financial Activities (including Income and Expenditure Account)	8
Balance Sheet	9
Notes to the Financial Statements	10—14
The following pages do not form part of the statutory accounts:
Detailed Statement of Financial Activities (including Income and Expenditure Account)	15

Wise Thoughts Reference and Administrative Details For The Year Ended 31 March 2026

Trustees	Ms Bhavini Chavda - Chair
	Ms Vanita Bhavnani (appointed 13/03/2026)
	Professor Rainer Schulze
	Mr Benjamin Cohen (resigned 02/12/2025)
	Mr Sakib Khan (resigned 30/06/2025)
	Mr Tim Hoyle - Treasurer
Company Secretary	Ms Bhavini Chavda
Charity Number	1077616
Company Number	03758786
Principal Address	3rd Floor Wood Green Central Library
	High Road
	London
	N22 6XD
Independent Examiner	Adeel Sahi
	Bowdon Accounting Services Ltd.
	Bartle House
	Oxford Court
	Manchester
	M2 3WQ

Page 1

Wise Thoughts Company No. 03758786 Trustees' Report For The Year Ended 31 March 2026

The trustees present their report and the financial statements for the year ended 31 March 2026.

Objectives and Activities

Aims and Objectives

Wise Thoughts is a pioneering arts charity that combines creative use of diverse art forms such as film, visual art. performance and delivers targeted services to help address social justice issues and needs of Global Majority and Lesbian, Gay, Bisexual, Transgender, Queer, Intersex + (LGBGTQI+) communities.

Wise Thoughts creates arts projects, develops, delivers training initiatives, and services that help to inform and raise awareness of issues related to cultural identity, ethnicity, physical and mental health, Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome (HIV/AIDS) and human rights. Each initiative is defined by the nature of each issue, the needs of target communities, available resources and uses diverse art forms, including South Asian arts.

The objectives of the charity are (extracted from the Memorandum and Articles of Association):

To promote principally issue-based Arts from marginalised communities for the benefit of the inhabitants of UK and elsewhere.
Developing public appreciation of Arts and by improving public access to, and the quality of the arts.
Promotion of HIV/AIDS issues through the medium of arts and in particular (but without prejudice to generality of the foregoing) the Company shall seek to bring forth issues related to HIV/AIDS and diverse sexual, cultural and ethnic identities through its creative expressions.

These objectives are achieved by implementing the following policies:

To improve standards of practice and appreciation of Arts through the development and delivery of arts projects and arts training that includes arts from marginalised communities.
To promote, advance, encourage and assist in the practice, presentation, and study of arts from marginalised communities.
To provide peer/social support, information, advice and guidance services for LGBTQI+ people.
To promote, advance, encourage and assist in the practice, presentation and study of arts from marginalised communities.
To bring forth issues related to HIV/AIDS and diverse sexual, cultural, and ethnic identities through the provision of information, guidance, outreach, and consultation services.
To bring together and co-operate the efforts of local authorities, bodies, organisations, societies, and individuals concerned or interested in attainment of all or any of the objects of the Charity.
To commission, arrange, prepare, print, publish, issue, and disseminate any programme, pamphlet, book, documents, film, recording or other artistic work and fix, make and receive fees, royalties, and other charges therefore and for admission to and otherwise in respect of any exhibition performance or display.

Significant Activities

Significant Activities delivered under Wise Thoughts arts programme included:

Activities delivered under the Wise Thoughts #CommunityLegacies health and wellbeing programme included:
Creating and delivering 120+ arts led workshops to promote and support mental and physical wellbeing.
Providing monthly social meetup space for LGBGTQI+ aged 16+
Weekly yoga and dance sessions to support both physical and mental wellbeing of both existing and new service users.
Provided 22 temporary freelance employment opportunities for artists, wellbeing facilitators and unemployed people to help develop and deliver new initiatives.
Facilitated community consultations for Haringey Council, NHS and Metropolitan Police Services and providing advice on inclusion of Global Majority / LGBTQI+ people for both local and regional authorities.

...CONTINUED

Page 2

Wise Thoughts Trustees' Report (continued) For The Year Ended 31 March 2026

Significant Activities - continued

Created short reels of images and videos of the places, arts, culture and landscapes of countries of origin of the communities we serve, as a part of the #HIStories multimedia arts project for social media platforms.
Artists talks, performances and readings as a part South Asian Heritage, Black and LGBTQI+ History Months.
Created a digital platform on the Wise Thoughts Legacy/Blog for sharing the creative outcomes from our activities and for sharing resources.

Volunteers

Volunteers which include the trustees, make a valuable contribution to the organisation. The value of services provided by volunteers is not incorporated in these financial statements. payments are made to cover the volunteers' actual expenses which are included in the financial statement.

Financial Review

Financial Position

As shown in the Statement of Financial Activities (page 7) total income for the year to 31 March 2026 amounted to £132,028 (2024-2025 £54,301) and expenditure in the furtherance of charitable activities totalled £120,876 (2024-2025 - £97,328). Again, in a very difficult climate for fundraising, after huge efforts from the management and the high quality of the services, Wise Thoughts attracted sufficient income to cover the running costs which resulted in a Net resources surplus of £11,152 (2024-2025 Net deficit- £43,027).

The CEO/Artistic director and his team control all costs rigorously. The services are much admired and viewed as important models to emulate, however in these financially challenging times it is extremely difficult to attract necessary funding. The Trustees are addressing the strategic planning essential for the provision of services within the framework of the anticipated funding.

The future of Wise Thoughts services is dependent on continued support from statutory sources and income from grants and donations, which are vital for the maintenance and expansion of services to meet the increasing demand.

Total net assets of the charity as at 31 March 2026 were £53,975 (2024-2025 - £42,823). Income received for the year for specific purposes was spent as necessary and unspent balance is carried forward to be utilised next financial year.

In providing day to day services, the Trustees are mindful of the charity's duty to comply with section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission.

Reserves Policy

The Board of Trustees is responsible for deciding how to invest the Charity's reserves. The appropriate level of reserves is established through an annual review of the Charity's requirements and stated in the financial report. The Treasurer is responsible for proposing to the Board the balance of cash on deposit and investments, and acts on the Board's instructions.

Going Concern

The accounts have been prepared on a going concern basis.

The trustees are aware however of material uncertainties that cast doubt on the charity's ability to continue as a going concern. The trustees have (where appropriate) utilised the grants and benefits available from the organisations and government and are taking all the steps they can to protect the future of the charity.

Principal funding sources

The future of Wise Thoughts services is dependent on continued support from statutory sources and income from grants and donations, which are essential for the maintenance and expansion of services to meet the increasing demand.

Wise Thoughts provides key services and develops unique arts and training projects that help to profile/meet the needs of marginalised individuals and is supported in part by The Community Fund with in-kind support from other agencies. We are aware that funding may become an issue in future years, and we need to monitor this. Wise Thoughts must continually look for funding from other organisations, charitable and corporate bodies and individual donors.

In the year under review funding was received from Big Lottery Community Fund, Haringey Council, other organisations and individual donors.

Page 3

Wise Thoughts Trustees' Report (continued) For The Year Ended 31 March 2026

Structure, Governance and Management

Governing Document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Trustee Selection Methods

Every person who wishes to be a Member and a trustee as such, shall deliver to the Company an application for membership in such form as the Directors require executed by that person.

At the next meeting of the Trustees after the receipt of any application for membership, the application shall be considered by the Trustees who shall decide upon the admission or rejection of the applicant.

Organisational structure

Wise Thoughts has a Management Committee of up to seven members who meet regularly and are responsible for strategic direction and policy of the charity. The committee members are from a variety of backgrounds relevant to the work of the charity. Committee meetings attendees include the trustees and two contracted staff - CEO/Artistic Director and Programme Manager.

A scheme of delegation is in place and day to day responsibility for the provision of services rest with the trustees along with the CEO/Artistic Director and the Programme Manager. The trustees are responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. The Artistic Director has responsibility for the day-to-day operational management of the charity, individual supervision of contracted members and ensuring that the team continues to develop their skills and working practices in line with good practice.

Induction and training of new trustees

New trustees receive a comprehensive induction package, with information covering the duties of a trustee, a trustee job description and service agreement, an outline of the vision, mission and implementation of the charity's services, the latest Report and Accounts, current year's budget and latest management accounts.

All trustees are invited to familiarise themselves with the operations of Wise Thoughts by meeting the CEO/Artistic Director and staff at a weekly Team meeting that reviews service delivery and by appointment when appropriate. Trustees are encouraged to make use of the training and conference opportunities provided by the National Council of Voluntary Organisations (NVCO) and other bodies.

Partnerships and co-operation with other charities and organisations

Wise Thoughts is committed to working in partnership with organisations that help to benefit the aims and objectives of the organisation and its programme of work, it has collaborated with other statutory and voluntary organisations in the development and presentation of individual projects that have included arts festivals, conferences, and training initiatives within the past year. Staff regularly attend meetings, forums, seminars, and consultative processes co-ordinated by local, regional and national government and other community and voluntary organisations. They serve as independent advisors to the local authority and Metropolitan Police Services on policy development, implementation and other matters related to the primary beneficiaries of the organisation and its programme of work. They serve as community lead on the LGBT+ Community Network initiated by Haringey Council.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Other Information

Future Plans

Considering the current economic climate and the impact from the Cost-of-Living crisis on the programme, the organisation continues to review its business plan/operational model to help it ensure sustainability and will make any changes needed. It remains committed to supporting the primary beneficiaries of our activities and services (Global Majority / LGBTQI+ people) and will aim to continue delivery of a programme of key activities and associated services.

The organisation plans to continue working strategically at a Borough level, with the Council and other agencies to help achieve our objectives. The current economic climate and reduction in funding available from both statutory and other sources, has had an impact on all small voluntary organisations and will lead to the re-evaluation of any proposed new services by the organisation.

Page 4

Wise Thoughts Trustees' Report (continued) For The Year Ended 31 March 2026

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Wise Thoughts 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. Under company law the trustees must not approve the financial statement unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgments and accounting estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at anytime the financial position of the charitable company and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The trustees' report was approved by the board of trustees and signed on its behalf by:

Ms Bhavini Chavda Trustee 17/07/2026

Page 5

Wise Thoughts Independent Examiner's Report to the Trustees of Wise Thoughts For The Year Ended 31 March 2026

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2026.

Responsibilities and Basis of Report

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

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

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Adeel Sahi 20/07/2026 Bartle House Oxford Court Manchester M2 3WQ

Page 6

Wise Thoughts Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2026

Unrestricted funds £ 1,110 853 1,993	Restricted funds £ 128,072 - -	2026 Total funds £ 129,182 853 1,993	2025 Total funds £ 52,225 1,381 695
3,956	128,072	132,028	54,301
(8,085)	(112,191)	(120,276)	(97,328)
(4,129)	15,881	11,752	(43,027)
(4,129) 16,351	15,881 26,472	11,752 42,823	(43,027) 85,850
12,222	42,353	54,575	42,823

The notes on pages 10 to 14 form part of these financial statements.

Page 7

Wise Thoughts Comparative Statement of Financial Activities (including Income and Expenditure Account)

For The Year Ended 31 March 2026

Unrestricted funds £ 1,292 1,381 695	Restricted funds £ 50,933 - -	2025 Total funds £ 52,225 1,381 695
3,368	50,933	54,301
(6,641)	(90,687)	(97,328)
(3,273) (3,000)	(39,754) 3,000	(43,027) -
(6,273) 22,624	(36,754) 63,226	(43,027) 85,850
16,351	26,472	42,823

The notes on pages 10 to 14 form part of these financial statements.

Page 8

Wise Thoughts Balance Sheet As At 31 March 2026

Unrestricted funds £ 1,227	Restricted funds £ 2,719	2026 Total funds £ 3,946	2025 Total funds £ 4,292
1,227 15,220	2,719 45,979	3,946 61,199	4,292 47,942
15,220 (4,225)	45,979 (6,345)	61,199 (10,570)	47,942 (9,411)
10,995	39,634	50,629	38,531
12,222	42,353	54,575	42,823
12,222	42,353	54,575	42,823
		42,353 12,222	26,472 16,351
		54,575	42,823

For the year ending 31 March 2026 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The financial statements were approved by the board of trustees on 17 July 2026 and were signed on its behalf by:

Ms Bhavini Chavda Mr Tim Hoyle Trustee Trustee

The notes on pages 10 to 14 form part of these financial statements.

Page 9

Wise Thoughts Notes to the Financial Statements For The Year Ended 31 March 2026

1. General Information

Wise Thoughts is a company limited by guarantee, incorporated in England & Wales, registered number 03758786 and registered charity number 1077616. The registered office is .

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The charitable company is a Public Benefit Entity as defined by FRS 102.

2.2. Financial Reporting Standard 102 - Reduced Disclosure Exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows and Section 3 Financial Statement Presentation paragraph 3.17 (d).

2.3. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds are to be used for specific purposes as laid down by the donor.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.4. Incoming Resources

Income is recognised in the Statement of Financial Activities when the charity has entitlement to the resources, meaning any performance conditions attached to the income have been met or are wholly within the charity's control. Recognition also requires that receipt of the income is probable, rather than merely possible, and that the amount can be measured with sufficient reliability. Where any of these criteria are not met, for example where entitlement is subject to conditions outside the charity's control, the income is instead deferred and recognised in a later period once the conditions have been satisfied. Income is measured at the fair value of the consideration received or receivable, taking into account any trade discounts.

2.5. Resources Expended

Expenditure is recognised on an accruals basis as a liability is incurred, reflecting the charity's entitlement to the goods or services regardless of the timing of payment. It includes any VAT which cannot be recovered, as this represents a direct cost to the charity rather than a recoverable input, and is reported as part of the expenditure to which it relates.

2.6. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery at variable rates on reducing balance Fixtures & Fittings 10% on reducing balance Computer Equipment 20% on reducing balance

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.8. Taxation

The charity is exempt from tax as all its income is charitable and applied for charitable purposes.

Page 10

Wise Thoughts Notes to the Financial Statements (continued) For The Year Ended 31 March 2026

3. Income from Donations and Legacies

Unrestricted funds £ - 1,110 -	Restricted funds £ 122,672 - 5,400	2026 Total funds £ 122,672 1,110 5,400
1,110	128,072	129,182
Unrestricted funds £ - 1,292 -	Restricted funds £ 48,433 - 2,500	2025 Total funds £ 48,433 1,292 2,500
1,292	50,933	52,225
	2026 Unrestricted funds £ 853	2025 Unrestricted funds £ 1,381
	2026 Unrestricted funds £ 1,993	2025 Unrestricted funds £ 695
	2026 £ 346	2025 £ 462

Page 11

Wise Thoughts Notes to the Financial Statements (continued) For The Year Ended 31 March 2026

7. Analysis of Expenditure

Charitable activities Charitable activities 8. Support Costs Premises expenses: Rent General administration: Insurance Telephone Subscriptions Sundry expenses Computer and software costs Depreciation: Depreciation Governance costs: Accountancy fees Premises expenses: Rent General administration: Insurance Telephone Subscriptions Depreciation:	Activities undertaken directly £ 106,795	Support costs (see note 8) £ 13,481	2026 Total £ 120,276 2025 Total £ 97,328 2026 Charitable activities £ 7,500 447 408 57 550 693 346 3,480 13,481 2025 Charitable activities £ 7,500 447 865 82 ...CONTINUED
	Activities undertaken directly £ 84,492	Support costs (see note 8) £ 12,836

Page 12

Wise Thoughts Notes to the Financial Statements (continued) For The Year Ended 31 March 2026

Depreciation Governance costs: Accountancy fees	462 3,480
	12,836

9. Average Number of Employees

Average number of employees during the year was: NIL (2025: NIL)

10. Tangible Assets

Plant & Machinery £ 24,370	Fixtures & Fittings £ 3,964	Computer Equipment £ 15,087	Total £ 43,421
24,370	3,964	15,087	43,421
20,991 198	3,621 34	14,517 114	39,129 346
21,189	3,655	14,631	39,475
3,181	309	456	3,946
3,379	343	570	4,292
		2026 £ 6,345 4,225 10,570	2025 £ 4,681 4,730
			9,411

Page 13

Wise Thoughts Notes to the Financial Statements (continued) For The Year Ended 31 March 2026

12. Movement in Funds

As at 1 April 2025 £ 16,351 1,884 24,588	Income £ 3,956 122,672 5,400	Expenditure £ (8,085) (68,134) (44,057)	Transfers £ - (14,069) 14,069	As at 31 March 2026 £ 12,222 42,353 -
26,472	128,072	(112,191)	-	42,353

42,823	132,028	(120,276)	-	54,575
As at 1 April 2024 £ 22,624 6,905 56,321	Income £ 3,368 48,433 2,500	Expenditure £ (6,641) (58,066) (32,621)	Transfers £ (3,000) 4,612 (1,612)	As at 31 March 2025 £ 16,351 1,884 24,588
63,226	50,933	(90,687)	3,000	26,472

85,850	54,301	(97,328)	-	42,823

13. Transactions with Trustees

None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.

No trustee expenses have been incurred.

14. Related Party Disclosures

There have been no related party transactions in the reporting period that require disclosure.

15. Company limited by guarantee

The company is limited by guarantee and has no share capital.

Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

Page 14

Wise Thoughts Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2026

INCOME AND ENDOWMENTS FROM: Donations and legacies Voluntary grants income Donations Subsidy towards rent Investments Deposit account interest Other Other fees receivable EXPENDITURE ON: Charitable Activities: Charitable activities Project costs Charitable activities Community legacies Training costs Rent Insurance Telephone Subscriptions Sundry expenses Computer and software costs Depreciation Accountancy fees NET INCOME/(EXPENDITURE)	2026 Total funds £ 122,672 1,110 5,400	2025 Total funds £ 48,433 1,292 2,500
	129,182 853	52,225 1,381
	853 1,993	1,381 695
	1,993	695
	132,028 (107) (2,104) (68,134) (36,450) (7,500) (447) (408) (57) (550) (693) (346) (3,480)	54,301 (370) (1,305) (58,066) (24,751) (7,500) (447) (865) (82) - - (462) (3,480)
	(120,276)	(97,328)
	(120,276)	(97,328)
	11,752	(43,027)

Page 15