WOOD STREET MISSION
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES REPORT & FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
COMPANY NUMBER: 03849322
REGISTERED CHARITY NUMBER: 1078337

WOOD STREET MISSION
TRUSTEES REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
CONTENTS
PAGE
Trustees and administrative details for the year ended 31 December 2024
Truslees report for the y8ar ended 31 December 2024
Independent examiners, report to the Trustees
Statement of financial activities for the year ended 31 December 2024
Balance sheet as at 31 December 2024
Cashflow statement for tha yéar ended 31 December 2024
10
Notes to the financial statements for the year ended 31 December 2024
11-20

WOOD STREET MISSION
TRUSTEES AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024
MEMBERS OF THE BOARD OF TRUSTEES
Chaimian
R T Race Bsc Hons Chartered FCSI ASIP
Other Members
Mr M N G Evans MBE Bsc FCA
MrsNDGuy
Mr C A Hadfield FRICS
Ms V Jones
Dr K Parkinson
Mrs E Willder FCMA CGMA
Mrs G Winter BA
CHIEF EXECUTIVE
Mr D Lynch
REGISTERED OFFICE
Wood Str88t Missian
26 Wood Street
Off Deansgate
Manchester
M3 3EF
BANKERS
National W8Stminster Bank Pl¢
Manchester City Centre Branch
19 Market Street
Manchester
M1 1WR
SOLICITORS
DWF LLP
1 Scott Place
2 Hardman Street
Manchester
M3 3AA
INVESTMENT MANAGERS
CCLA Invastmant Management Limited
Senator House
85 Queen Victoria Street
London
EC4V 4ET
INDEPENDENT EXAMINERS
Hurst Accountants Limited
Chartered Accounlants and Statutory Auditors
3 Stockport Exchange
Railway Road
Stockport
SK13GG
Page 1

WOOD STREET MISSION
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees of the charitable company present the financial statements for the year ended 31 December 2024. The
financial statements comply with the Charities Act 2011, the Companies Act 2006, the Articles of Association, and
Accounting and Repotting 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 IFRS 102)
(effective 1 January 20151.
PRINCIPAL ACTIVITIES IN THE PUBLIC INTEREST
Tho Charity was founded in 1869. The aim of th& Charity is to provide services to the communty with a particular
emphasis on mitigating the effects of povety and deprivation on children, young people and their families in Manchester
and Salford.
Our vision is a worfd where no child in Manchester or Salford is living in povety.
Our mission is to offer practical help to alleviate the effect of tN)verty on Manchester and Salford families.
We will do this through the following strategic objectivas..
Increase our impact in the delivery of fronuine seNices.
Usa our ass8ts and resources to develop a sustainable organisation responsive to the needs of local families.
Dévelop our work to improve the life chances of children in Manchester and Salford and break the cycle of povety.
Modernise our seryices and ways of working so they are in line with bost practice.
Increase our profile in order to generate funds, attract supporters and build relationships.
In planning and delivering our services and activities, the Trustees and management of Wood Street Mission
confimi that they have complied with the duty In Section 4 of the Charities Act 2011 to have due regard to public
benefit guidance by th8 Charity Commission in delivering the activities undertaken by the Charity.
Wood Straet Mission's charitable objective is the relief of persons who are in need hardship or distress and without
in any way limiting the generality of the foregoing in particular those persons resident in Ihe former administrative
areas of Manchester and Salford.
Wood Street Mission's activities as described in this report are considered to meet the public benefit requirement
as specified in the Charities Act 2011.
RESULTS
The results for the yaar and their impact on the Chanty's funds ar8 set out in detsil on page 8. The net movement on
nds was a deficit of £93,848 {2023.' deficit of £11,237). As at 31 December 2024, the Charity had total funds of
£2,230,80612023: £2,324,654) including cash of £83,280 (2023.. £W,730).
REVIEW OF ACTIVITIES
As a long-established Children's charity started by local businessman Alfred Alsop in 1869, Wood Street Mission
provides practical support to families living in the cities of Manch8Ster and Salford, helping to alleviate the day-to-
day impact of povety, whilst working to improve the life chances of local children.
Some 155 years after its inception, Wood Street Mission continues to deal with the negativ& effects which struggling
families endure on a daily basis. Through the projects that the charity delivers. the aim is to break the cycle of child
povety, which exists throughout the citias.
Families receiving assistance from Wood Street Mission are, in the first instsnce. referred by professionals, who
are aware ofeach family's circumslances. These include Health Visitors, Community Health Care, Social Workers,
Housing Officers, Teachers and Educational Support Workers.
Once thè initial refèrral has been received, families may then access the charities services for a 12 month period,
after which those families which are still deemed to be in need of help, must once again be re-referred by a
professionallsupport worker, in order to recaive additional ongoing support.
Page 2

WOOD STREET MISSION
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The five projects delivered by the charity in 2024 were as follows..
Family Basics
This project distributed children's Glolhing, undemear, bedding, toiletries and toys to 2,545 children. 424 items of
nursery equipment {including cots. prams, safety gates etcl were also distributed, together wth refurbished laptops
which enable children to access and complete their homework.
In addition, Family Basics Outreach SeNiC8S have now been established in Little Hulton {Salfordl and in
Wythenshawe {Manchesterl. These were set up in order to help those families wishing to access our services, who
reside in these two areas, both of which would mean a 20-mile round trip ordinarily, if accessing this service from
our base in Manchester City Centre.
Smart Start
The provision of new school uniform, together with school accessories and new school coats. again provided much
needed support in assisting and encouraging children to not only access education but also to encourage them to
participate fully in the leaming process, once they arè in the school environment.
2,170 children received new school unifomi packages. The project now runs throughoul the year as opposed to
just through the summer months as it once did. Thus, recognising that the demand for school uniform is an all-
year-round requirement.
Books Forever
This project once again proved to be extremely popular. Book Roadshows were delivered to ten schools,
distributing 15,285 books in total {the majority of which were new).
The purpose of this projecl is to enable as many children as is possible to have accass to their own books, which
they themselves have chosen, in order to improva literacy rates throughout the cities of Manchester and Salford.
Childhood Experiences
Working with a variety of community and youth groups, 11 Childhood Experiences wère delivered in 2024. The aim
of this projact is to anable childrén to èXP8rience something which may be new to them or participate in an activity
or experience, which they may not ordinarily be able to access.
The 'experiences" sponsored by supporters, enabled 278 children to tske part, in experiencing theatre productions,
skateboarding, padel lennis, trips to an outdoor adventure park and a music project run in conjunction wilh
Chetham's School of Music. Thereby broadening horizons and creating happy childhood memories.
Christmas
Another succassfvl Christmas project took plaTr in 2024 which meant that the charity was able to distribute new
toys and gifts to 1,182 families and some 3,024 children in total. This project has run throughout the history of the
chartty and encourages parentslcarers to choose the loys and gifts they wish to give to their children. with each
hild receiving a minimum of Ihree toyslgifts, together with selection boxes and wrapping paper. In all, well over
11,500 toys were distributed.
As with all the projects that Wood Street Mission delivers, toys and gifts are free at the point of delivory. Wood
Street Mission rnakes no charge for any of the services which are delivered to familiès being supported by the
charity.
In addition to the staff team and the small team of regular volunteers, a further 240 volunteers from a range of
ompanies assisted throughout the 13 days of distribution. The response from donors was once again, incrédible.
The quality and quantity of the donations astonishing, with so many acts of generosity.
Page 3

WOOD STREET MISSION
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
FUTURE PLANS
The intention of the charity is to increase the impacl it has on alleviating the effects of child poverty by continuing
to focus on those "harder to reach" families and to continue to work more collaboratively with other organisations
and agencies. in order that we may, ultimately break tha cycle of child povety.
In the cities of Manchester and Salford, there ar8 an estimated 85,000 children deemed to be living in povety.
In 2023 we launched our second Family Basics outreach facility in the Wylhonshawe area of Manchester. This
follows the launch of our first outreach facility in LitUe Hulton, Salford in 2022. Through these facilities we are
seeking to expand the scopa of our work and become more embedded within the communities we serve.
Given the Litt18 Hulton outreach is now firnily established and with improving attendances at our Wythenshawe
operation, the aim in future years is to further expand ourwork in tha heart of othercommunities in a similar manner.
Of course, for Wood Str68t Mission to further enhanca the services the charity provides, this will involve additional
resources. Together with other organisations within the voluntary sector, we face some very real fundraising
challenges, to provide the most effective levels of service in support of vulnerable families.
Wood Street Mission remains detemined to adapt to the ever-changing noeds of thos8 children and families who
struggle the most in our society and will continue to provide support by improving the life chances of local childron.
STAFFIVOLUNTEERSISUPPORTERS
All concerned once again worked incredibly hard for the charity in 2024.
Wood Street Mission is, therefor8, immensely grateful to all its supporters and donors who yet again proved to be
so generous whether with theirtime, gifts in kind orwith financial contributions. Whether these came via, individuals,
corporate supporters, churches, schools, community organisations ortrusts. Wood Street Mission would simply not
have been able to help so many local children wtthoul this incredible level of supporL We would like to express our
sincere thanks lo all concerned.
2,140 volunteer hours were donated to the charity in 2024, with the majority of those hours being associated with
the Christmas project, with 260 volunteers in attendance over 13 days of distribution. Over the year, these donated
hours, brought in an estimated value to the organisation of £25,680. Many thanks to all who contributed.
During the year, the staff team worf(ed tirelessly to provide struggling families wtth as much support as possible,
as the cost-of-living crisis continued. The Trustees would once again like to thank all the members of the team for
their dedication and commitment.
In conclusion, Wood Street Mission staff, volunteers and Trustees remain committed to working to improve the life
chances of local children in alleviating the effects of child povety, throughout the cities of Manchester and Salford.
INVESTMENT POLICY AND RETURNS
Surplus resources are invested until they are required for charitable purposes, having taken into account immediate
requirements by refarance to the Charity's perfonnance and projected cashflow for the next six months. The Charity
has adopted a total retum policy for its investment income. The Trustees regulat1y review the Charity's investments in
consultation with the Investrnent Managers within an investment objectiva and agreed risk profile.
KEY RISKS AND UNCERTAINTIES
The Board has established policies and systems lo mitigate risks, which are r8vi8wed each year to ensure they still
meet the needs of the Charity.
The principle risks ofthe Charity ara:
Reput8tional risk
The risk of safeguarding incidents
Investment risk including liquidity and perfomian
POST BALANCE SHEET EVENTS AND GOING CONCERN
The TNsteos have reviawed the likely demands which will be placed on the Charity in 2025 and b8yond and have
reasonable expectation it has adequate resources to continue in operational existen￿ for the foreseeable fvlure. For
this reason, they continue to adopt the going concom basis in preparing the financial statements.
Page 4

WOOD STREET MISSION
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
RESERVES POLICY
The Charity has substantial reserves of £2,230,806 {2023'. £2,324,654}, but not all are directly available to spend
on its charilable activities. They include..
Reserves tied up in buildings, other fixed assets and woJl(ing capital.
Investmenl revaluation surpluses.
Restricted reserves which are only available for the purposes they were donated.
Accumulated depreciation on fixed assets which is retained as a sinking fund for replac8ments.
Six months, operating costs ofthe Charity.
Excluding those reservgs, the Trustees regard all remaining reseryes available to spend on charitable activities. At
31 December 2024 this amountod to approximately £Nil (2023- £50,000}.
STRUCTURE, GOVERNANCE AND MANAGEMENT
STATUS OF CHARITY
The Charity is a registered Charity and is inGorporated under the Companies Act as a company limited by
guarantee. The guarantee of each member is limited to £10 per Twslee, who aro thè same people as the voting
members of the charitable company and is payable in the event of the Charity being wound up and being unable
to meet its debts and liabilities. Wood Street Mission is overseen by a Board of Trustees, which meets
approximately eight timès a year to supervise the operational activities undertaken by the office staff. Ono third of
the Board retire each year and are eligible for reappointment at the Charity's General Meeting.
DIRECTORS
The Directors, who ar8 also tha Trustees, who seNed during the yearare listed on paga 1. The day to day running
and operation of Wood Street Mission is delegated to the Chief Executiv8. Trustee meetings are held at least every
three months at which Truslees approve items that are their sole responsibility, for example approving annual
budgets and the Trustees Annual Report and Accounts.
INDUCTION AND TRAINING OF TRUSTEES
New Trustees are introduced to the Charity, usually by existing Trusleas, and given a fvll background to the
Charity's history and currentwork with families in Manchestar and Salford. The ChiefExecutive and other members
of staff provide a tour of the facilities and, togather wth the information on the website, new Trustees have a good
grounding in tha Charity's activities.
All Trustees are encouraged to attend appropriate extemal training avènts where these will facilitate the undertaking
of their rol8.
SUB COMMITTEES OF THE BOARD
There are three subcommittees of the Board, these being the Finance Committee, the Investment Committee and
the Remuneration Committee. During thè financial year to 31 December 2024 these committees had the following
members..
Finance Committee
Mr R T Race Bsc Hons Chartered FCSI ASIP
Mr M N G Evans MBE Bsc FCA
Mr C A Hadfield FRICS
Mrs E Willder FCMA CGMA
Investment Committee
Mr M N G Evans MBE Bsc FCA
Mr C A Hadfield FRICS
Mrs E Willder FCMA CGMA
Remuneration Committee
MrsNDGuy
Mrs E Willder FCMA CGMA
Dr K Pa￿InsOn
Page 5

WOOD STREET MISSION
TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
STAFF PAY AND REMUNERATION
Remun8ration of the key management personnel is agreed by the Board based on recommendations of the
Remuneration Cornmittee.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees (who are also the directors of Wood Street Mission for the purposes of company lawl are responsible
for preparing the financial statements in accordance with applicab18 law and United Kingdom Genorally Accepted
Accounting Practice.
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair
view of the state of affairs of the charitable company and of the profit and loss of the charitable company for the year.
In preparing those financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistenuy.,
obseNe th8 methods and principles in the Charibes SORP.,
maka judgements and estimates that are reasonable and prudent.,
slate whether applicable accounting standards and statements have been followed, subject to any material
departuras disclosed and explained in the financial statements.,
prepar8 the financial statements on the going concem basis unless it is inappropriate to presume that the Charity
will continue in business.
The Trustees are r8sponsible for maintsining proper accounting records which disclose with reasonable accuracy at
any time the financial position of tho Charity and to enable them to ensure that the financial ststements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking
reasonable steps for the prevention and delection of fraud and olher irregularities.
The Trustees of a Charity must, in determining how amounts are presented within items in the profit and loss
account and Charity balance sheet, have regard to the substance of the reported transaction or arrangement, in
accordance with generally accepted accounting principles and practice.
By order of the Board
RTRace
Chairman
16 July 2025
Pag6 6

WOOD STREET MISSION
INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES ON THE UNAUDITEDACCOUNTS
OF WOOD STREET MISSION
We report on the financial statements of the company for the year ended 31 December 2024 set out on pages 8 to 20.
This report is made solely to the company's Trustees, as a body. in accordance with section 145 of the Charities Act
2011 and regulations made under section 154 of thatAct. Ourwort< has been undertaken so that we might state to the
company's Twstees those matters that we are required to state to them in an Independent examiner's report and for
no olh8r purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than
the company and the company's Twstees as a b)dy, for our woth or this report.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The Trustees (who are also the direcior5 of the company for the purposes of company lawl are responsible for the
preparation of the financial statements in accordance wth the requirements of the Companies Act 2006. The Charity's
Truste8s consider that an audit is not required for this year under section 14412) of the Charities Act 2011 I'the 2011
Acl'} and thatan independent examination is needed. We are qualified to undertake the examination by being a qualified
member of the Institute of Chartered Accountants in England and Wales.
Having satisffied ourselves thatthe Charity is not subjeGtto audit under part 16 of the CompaniesAct2006 and is eligible
fr)r independent examination, it is our responsibility to-
examine the accounts under section 145 of the 2011 Act..
to follow the procedures laid down in the general directions given by the Chartty Commission under section
145(5)Ib) of the 2011 Act., and
to state whether particular matters have come to our attention.
BASIS OF INDEPENDENT EXAMINERS, REPORT
Our examination was caffled out in accordance with the general directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the Charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and
seeking explanations from you as Trustees conceming any such matters. The procedures undertaken do not provide
all the evid8nce that would be required in an audit and consequenuy no opinion is given as to whether the accounts
present a 'twe and fair viéw, and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINERS, STATEMENT
In connection with our examination. no matter has come to our attention..
(1}
which gives us reasonabl8 cause to believe that in any material respect the requirements..
accounting records have not been kept in accordan￿ with seclton 386 of the Companies Act 2006,.
the accounts do not accord with such records.,
whare accounts are prepared on an accruals basis, whether they fail to compty with relevant accounting
requirements under section 396 ofthe Companies Act 2006, or are not consistent with the Charities SORP
IFRS 1021
to keep accounting records in accordance with section 130 of the Charities Act,. and
12) to which, in our opinion, attention should be drawn in order to ènable a proper understanding of the accounts to
be reached.
Helen Besant-Roberts
Hur5tAccounlants Limited
Indepèndent Examiners and Chartered Accountsnts
3 Stockport Exchange
Railway Road
Stockport
SK13GG
16 July 2025
Pag8 7

WOOD STREET MISSION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
(INCORPORATING THE INCOME & EXPENDITURE ACCOUNT)
Year ended 31 December 2024
Unrestricted Restricted
funds
funds
Year ended 31 December 2023
Unrestrieted Restricted
funds
funds
Total
Total
Income and endowments from:
Donations. gifts & legacies
371,215
379.884
751.099
484,542
274,420
758,962
Investments
32,373
32.373
32,150
32,150
Other Income
923
923
1.025
1,025
Total Income and
endowments
404,511
379,884
784,395
517,717
274,420
792,137
Expenditure on:
Charitable activities
482,575
421.183
903,758
595,725
302.357
898.082
Nel expenditure before
other recognised gains
178,0641
(41,2991 1119,3631
(78,008)
(27,937) {105,945)
Other recognised gains:
Net gains on investments
25,515
25,515
94,708
94,708
Net movement on funds
{52.5491
{41,299)
{93,848)
16.700
(27,9371
111,237)
Re¢on¢iliation of funds
Total funds brought
forward
2.170,224
154,430 2,324,654 2.153.524
182,367
2,335,891
Total funds carrled
forward
14
2.117.675
113,131
2,230,806
2.170,224
154,430
2,324,654
The above all relate to continuing operations.
There are no other recognised gains or losses other than those noted above and th6reft)re no separate statement
of total r8cognised gains and losses has been pr&pared.
The notes on pages 11 to 20 fom part of the financial statements.
Page 8

WOOD STREET MISSION
BALANCE SHEET AS AT 31 DECEMBER 2024
COMPANY NUMBER.. 03849322
31 December
2024
31 December
2023
Note
Fixed assets
Tangible assets
Investment- securities
1,013,191
1,100,899
1,046,580
1,125,384
2,114,090
2,171,964
Current assets
Debtors
Cash at bank and in hand
10
11
54,695
83,280
75,879
90,730
137,975
166,609
Current liabilities
Creditors: amounts falling due within one year
12
{21,2591
(13,919)
Net current assets
116,716
152,690
Net assets
2,230.806
2,324,654
The funds of the Charity
Unrestricled funds
Revaluation reserv8
1,915,175
202.500
1,961,724
208,500
Unrestricted fvnds
Restricted funds
14b
14c
2,117,675
113,131
2,170.224
154,430
Total Charlty funds at 31 December 2024
14
2,230,806
2,324,654
Tho Trustees consider that the company is entitled to exemplion from the requirement to have an audit under the
provisions of section 477 of the Companies Act 20061'lhe Act") and members have not required the company to obtain
an audit for the year in question in aG¢Ordan￿ with section 476 ofthe Act.
The Trustees acknowledge their responsibilities for comptying with the requirements of the Companies Act 2006 with
respect to accounting records and the prepaTrtion of financial statem6ntS.
The financial statements on pages 8 to 20 were approved by the Board of Trustees on 16 July 2025 and were signed
on its behalf by".
R TRace
NGEvan
The notes on pages 11 to 20 fom part of the financial statements.
Page 9

WOOD STREET MISSION
CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
COMPANY NUMBER". 03849322
31 Decomber
2024
31 December
2023
Note
CashfEows from operating activities
Net expenditure for the year
Depreciation
(Gainslllosses on investments
Decreasel(increasel in debtors
Increase in creditors
{93,848)
33,389
{25,515)
21,184
7,340
111,237)
38,072
194,708)
119,059)
3,219
Net cash used from operating activities
(57,450)
{83,711)
Cashflows from investing activities
Purchase of tangible fixed assets
Proceeds on sale of investments
11,041}
50,000
Net cash generatedl{used) in investing actlvltles
50,000
11,0431
Decrease in cash and cash equivalents
In the year
17,450)
(84,754)
Cash and cash equivalents atthe beginning of the year
90,730
175.484
Cash and cash equlvalents at the end of the year
83,280
90,730
Pag8 10

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
The financial statements have been prepared in accordan￿ wlh Accounting and Reporting by Charitses..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicabl8 in the UK and Republic of Ir81and (FRS 102} {effective 1 January 20191
{Charities SORP {FRS 10211, the Financial R&porbng standard applicable in the UK and Republic of Ireland
{FRS 102} and the CompaniesAct 2006.
Wood Street Mission meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised at historical cost ortransaction value unless othèrwise stated in the relevant accounting policy.
Company status
The Charity is limited by guarantee and incorporated in England and Wales, registered number 03849322. The
address of its registered office is Wood Street Mission, 26 Wood Street, Off Deansgate, Manchester, M3 3EF.
In the event of the company being wound up, the liability in respect of the guarantee is limiled to £10 perTrustee
who are the same people as the voting members ofthe charitable company.
Going concern
Th8 Trustees have reviewed the likely demands which will be placed on the Charity and have reasonable
expectation it has adequata resources to continue in operational existence for the foreseeable futur8. For this
reason, they continue to adopt the going concem basis in preparing the financial statements.
Basls of accounting
The financial statements arè prepared in accordance v*th the historical cost convention as modified to include
the revaluation of land and buildings and investments.
Basls of accounting for income and expenditure
All incoming and outgoing resources are accounted for in the Statement of Financial Activities and include..
Incoming resources
{a)
Investment income
Investment income is accounted for when receivable.
(b) Legacles and donations
LegaGies and donations are accounted for when received by the Charity.
Ic) Glfts In klnd
Gifts in kind are included as an incoming resour￿ in the Statement of Financial Activities at market value,
except where it is difficult to ascribe a value to the benefit re￿iVed by the Charity.
(dl Grants
Grants of a revenue nature are recognised in the statement of financial activities in the samo period as
the related expenditure.
Resources expended- costs
Charitable expenditure
Charitable expenditure includes all expenditure directly related to the objectives of the Charity- Where
expenditure is incurred on several activities, it is apportioned based on the percentage of that resource
utilised. Management and Administration costs represent expenditure incurred in the management of the
Charity's assets and compliance with constitutional and statutory requirements and are apporttoned to
charitable expenditure.
Page 11

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES (continued)
Taxation
The Charity has been granted exemption by the Commissioners of the Inland Revenue from taxation on its
charitable activities under the provisions of Section 505 of the Income and Corporation Taxes Act 1988.
Irrecoverable value added tax is included in the cost of the item to which il relates.
Depreciation
All tangible fixed assets are stated at cost or valuation less depreciats'on. Deprecation is provided using the
following rates which refleGt the antiGipated useful lives of the assets after allowing for estimaled rasidual values-
Buildings
2 % straight line
Fumiture fixtures and fittings
10.10-200/0 Straight linelreducing balance
Computer equipment
25 %-331/y'/o Straight line
Motor vehicles
33/3 % straight line
Investment securities
Fixed asset inv8stinents are a forn of financial instrumenl and are inilially recognised at their transaction cost
and subsequently restated at market value. Realised and unrealised gains and losses ar8 shown separately in
the heading 'net gainsllosses on investment. in the Statement of Financial Activities (incorporating the income
and expenditure ac(xiunt).
The Charity invests in a pooled ￿nd and therefore there are no fees direcdy attributable to the Charity. The
annual management charge is 0.600/0 With the total ongoing charges figure 0.89 %.
Debtors
Trade and other debtors are recognised al the settlement amount. Prepayments are valued at the amount
prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three
months or less from th8 date of acquisition or opening of the deposit or similar account.
Financial instruments
The Charity only has financial assets and financial liabilibes of a kind that qualfy as basic financial instruments.
Basic ffinancial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.
Funds
lal
Restricted
Represents fvnds where the use has been restricted by the donor or by the tems of an appeal.
{bl Unrestrlcted
Represents the general fund of the Charity which receives all other income and to which Direct Charitable
Expenditure not covered by Restricted fvnds is charged together with Indirect Expenditure.
Liabilities and provisions
Liabilities ar8 recognised when there is an obligation at the balance sheet date as a result of a past 8vent, it is
probable that a transfer of economic benefft will be required in setuement, and the amount ofth& settlement can
be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the
debt or the amount it has re￿iVed as advanced payments for the goods or services it must provide. Provisions
are measured at the best estimate of the amounls required lo setue the obligation. Where the effect of the time
value of monay is material, the provision is based on Ihe present value of those amounts. discounted at the pre-
tax discount rate thal reflects the risks specific lo the liability.
Pensions
The Charity operates a defined contributions pension schame. The scheme and its assets are h8ld by
independent managers. The pènsion charge represents contribution5 due from the Chafity in the year.
Page 12

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
JUDGEMENTS IN APPLYING ACCOUNTING POLICIES AND KEY SOURCES OF ESTIMATION
UNCERTAINr
Preparation of the financial statements requires management to make significant judgemants and estimates.
The items in the financial statements where theirjudgements and astimales have been made include..
Tangible fixed assets
The management of the Charity exercises judgement in estimating the useful economic lrfè of the freehold
propety. fixtures and fittings, computer equipment and motor vehicles. The net book value of these assets is
disclosed in note 8.
Accruals
Accruals are entered in the financial statements based on management expectations, taking into account various
business and economic factors relevant to each individual ilem. The total value of accruals is disclosed in nole
12.
INCOME FROM DONATIONS, GIFTS & LEGACIES
Total
Funds
20241
Total
Funds
Reslrlcted Unrestricted
{20241
12024
Restricted
120231
Unrestricted
120231
{2023)
Grants, donations
and gifts
Legacies
Gifts in kind
221.216
360,584
10.631
581,800
10.631
158,668
186,242
478.600
5,942
664,842
5,942
88,178
158,668
88,178
379,884
371,215
751.099
274,420
484,542
758.962
During the year, tho Charity racéivad donations in kind to the value of £158,668 {2023: £88,178} in the form
of Christmas gifts, school stationery, coats and bedding. They were distributed to families as required
throughout the year.
Similarly, during th8 year, donations of clothing, ￿dding, toys and food were received for distribution to
families. Howaver, without considerable time and expense it is not practicable to quantify tha value
attributable to them.
INVESTMENT INCOME
Year ended
31 D8cember
2024
Year ended
31 December
2023
Dividends rèceived
Interest receivable
31,167
1,206
30,895
1,255
32,373
32,150
All investment incorne in both years is unrestricted.
Page 13

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
RESOURCES EXPENDED
{al
Resources expended in 2024
Unrestricted
Funds
Restricted
funds
Total
Charitable activities
Family Basics
Smart Start (school uniforml
ChristrnasAppeal
Books for Ever
Other activities
Fund raising
190,699
96,242
158,428
80,749
118,528
45,793
17,685
349,127
176,991
118.528
69,840
33,110
156,162
24.047
15,425
156,162
Total resources expended 2024
482,575
421,183
903,758
{bl
Resources expended In 2023
Unrestricted
Funds
Reslrlcted
funds
Total
Charitable actlvltl6s
Family Basics
Smart Start {school uniforml
ChristmasAppeal
Books ft)r Ever
Other activities
Fund raising
256,229
97,051
35,594
99,993
108,869
51,129
6,772
291,823
197,044
108,869
99,296
20,854
180,196
48,167
14,082
180,196
Total resources expended 2023
595,725
302,357
898,082
Icl
Resources expended by type in 2024
Smart Start
(school Chrlstmas
unifomil
Appeal
Family
Basics
Books for
Ever
Other
Actlvltles
Fund
Raising
Total
Staff costs
Establishment costs
Administration costs
Project costs
Depreciation
174,289
27,502
9.194
124,394
13,748
42,858
8,218
9,193
110,829
5,893
32,428
13,846
9.194
57,168
5,892
23,455
13,846
5,265
21,382
5,892
26,800
101.965
2,739
49,494
401,795
66,151
82,340
320.083
33,389
6,310
1.964
Total resources
expended in 2024
349,127
176,991
118,528
69,840
33,110
156,162
903,758
Expenditure is allocated on an actual basis.
Page 14

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
RESOURCES EXPENDED (contlnued)
(d)
Resources expended by type in 2023
Smart Start
{sGhool Christmas Books for
unifomi)
Appeal
Ever
Famlly
Basics
Other
Activities
Fund
Raising
Total
Staff wsls
Establishment costs
Administration costs
Project costs
Depreciation
150,464
32.302
12.569
80,811
15.677
41,685
9.832
12,571
126,238
6,718
22.656
19.193
12,570
47,731
6,719
19,002
19,194
6,560
47,822
6.718
10,999
141,893
3,279
32,784
386,699
83,800
77.054
312,457
38.072
9,855
2,240
Total resources
expended In 2023
291,823
197,044
108,869
99.296
20.854
180,196
898,082
Expenditure is allocated on an actual basis.
INDEPENDENT EXAMINER REMUNERATION
The independent examiners, remuneration amounts to £600 (2023.. £6001.
STAFF COSTS
Year ended
31 December
2024
Year ended
31 December
2023
Wages and salaries
Social security costs
Other pension costs
Oiher staff costs
351,560
23,914
20,284
6,037
339,448
21,146
18,239
7,866
401,7g5
386,699
Neither the chaimian nor any other member of the Board received any remuneration for their seNtces or
reimbursement of expenses during the year, nor were any trustee expenses incurred.
There were no employeos 8molum8nts above £60,000 {2023'. £nil).
The average weekty number of fvll-time equivalent employees who were paid was as follows:
Year ended
31 December
2024
Year ended
31 Decembèr
2023
Direct charitable activities
Management and administration
10
10
12
12
Page 15

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
TANGIBLE FIXED ASSETS
Freehold
property
Furnlture &
equipment
Van
Total
At 1 January and 31
December 2024
1,500,501
15,000
41,237
1,556,738
Depreciation
At 1 January 2024
Charge
457,310
30,000
15,000
37,848
3,389
510.158
33,389
At 31 December 2024
487,309
15,000
41,237
543,547
Net book value
At 31 December2024
1,013,191
1,013,191
Net book value
At 31 Dec8mber 2023
1,043,192
3,388
1,046,580
The Charity has chosen to retain the book values of land and buildings which were previously revalu8d, and
not to revalue the assets in the future. All assets are held for charitable purposes.
If freehold property had not been revalued, it would havè been included in the financial statements at the
following amounts:
31 December
2024
31 December
2023
Historical cost
Accumulated depreciated based on cost
1,200,501
{389,739J
1,200,501
1365,7391
810,762
834.762
The propety was last valued in 2007 by an independent valuer using market-based evidence of similar
properties in the local area. The Trustees review this annually for impainnent.
Page 16

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
INVESTMENTS- SECURITIES
Llsted Investments
31 Decembar
2024
31 December
2023
Market value
At 1 January 2024
Sale proceeds
Realised and unrealised profitsl(loss)
1,125,384
{50,0001
25,515
1,030,676
94,708
Market Value at 31 December 2024
1,100,899
1,125,384
The historical cost ofthe investments is £1,000,000 at 31 December 2024 (2023: £1,050,000).
The Charity's investmants are in a pooled fvnd which is managed by CCLA.
10. DEBTORS
31 December
2024
31 December
2023
Amounts falling due within one year
Income tax recoverable
Accrued income
Investment income
Prepayments
3.790
35,720
7,627
7,558
10,300
36,811
7,786
20,982
54,695
75,879
An impaiment loss of £nil (2023.. £nil) was r8cognised against trade debtors.
11. ANALYSIS OF CASH AND CASH EQUIVALENTS
31 December
2024
31 December
2023
Cash in hand and at bank
83,280
90.730
83,280
90,730
Page 17

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31 December
2024
31 December
2023
Other creditors
Accruals
12,108
9,151
4,024
9,895
21,259
13,919
13. FINANCIAL INSTRUMENTS
31 D8c8mber
2024
31 December
2023
Flnancial assets
Financial assets measured at fair value through income and
expenditure
1,100,899
1,125,384
Financial assets measured at fair value through income and expenditure comprise fixed asset investments.
14. THE FUNDS OF THE CHARITY
(al General
Totsl resetves are represented by the following..
31 December 2024
31 December 2023
Freehold building & other
fixed assets
Investments
1,013,191
1,100,899
1,046,580
1,125,384
Net current assets:
Unrestricted
Restricted
{3,585)
113,131
(1,742}
154,430
116,716
152,690
2,230,806
2,324,654
Page 18

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
14. THE FUNDS OF THE CHARITY (continued)
Ib) Unrestricted funds 2024
Unrestricted
funds
Revaluation
reserve
Total
At 1 January 2024
Net movement offvnds during
the year
Depreciation on revalued
portion of land and building
1.961,724
208,500
2,170,224
(52,549)
152,5491
6,000
16,000)
At 31 December 2024
1,915,175
202,500
2,117,675
Unrestricted funds 2023
Unrestricted
funds
Revaluation
reserve
Total
At 1 January 2023
Net movement of funds during
Ihe year
Deprecialion on revalued
portion of land and building
1,939,024
214,500
2,153,524
16,700
16,700
6,000
16,0001
At 31 December 2023
1,961,724
208,500
2,170,224
(cl
Restricted funds 2024
These are restricted fvnds to be used exclusively for expenses relating to the areas below..
31 December
2023
Movement in resources
Income
Expenditure
31 December
2024
Christmas Appeal
Smart Start (school unifomi}
Family Basics
Books for Ever
Others
154,430
77,229
80,749
158,428
45,793
17,685
1118,528)
{80,7491
(158,428)
{45,793)
(17,685)
113,131
154,430
379,884
{421,183)
113,131
Page 19

WOOD STREET MISSION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
14. THE FUNDS OF THE CHARITY (continued)
Restricted funds 2023
These are restricted funds to be used exclusively for expenses relating to the areas below..
31 Decomber
2022
Movement In resources
Income
Expendlture
31 December
2023
Christmas Appeal
Smart Start (school unifomi}
Family Basics
Books for Evar
Others
182,367
80,932
99,993
35,594
51,129
6,772
1108,8691
{99.993)
(35,5941
(51,129)
{6,772)
154,430
182,367
274,420
{302,357}
154,430
15. ANALYSIS OF ASSETS AND LIABILITIES BY FUND
31 D6cember 2024
Unrestrlcted Restricted
funds
funds
31 December 2023
Unrestrlcted R8stricted
funds
funds
Total
Total
Fixed ass8ts
Current assets
Current liabilities
2,114,090
24,844
121,259)
2,114,090
137,975
121,259}
2,171,964
12,179
{13,919)
2,171,964
166,609
{13,9191
113,131
154,430
Nat assats
2,117,675
113,131
2,230,806
2,170,224
154,430
2,324,654
16.
RELATED PARTY TRANSACTIONS
Key management are considered to be the Board of Trustees and they received no remuneration in either
2023 or 2024.
During the year, Wood Street Mission was charged £190 by a company controlled by a Trustee for its accounting
sofvare subscription.
There were no related paty transaGtions in the prior year.
17. PENSION COMMIThIENTS
The Charity operates a defined contributions pension scheme. The assats of the scheme are held separately
from Ihose of the Charity in an independenuy administered fvnd. The pension charge represents contributions
payable by the Charity tr) the fijnd and amounted to £20,284 {2023: £18,239). There were no contributions
payable to Iha fund at thé balancé sheet date (2023: £nill. The pension liability and expense are allocated from
unrestricted funds.
18. MEMBERS OF THE COMPANY AND ULTIMATE CONTROL
The members of the company have entitlement to distribution on dissolution of the company. Th8y each
have limited liability of up to £10. There is no ovarall control of this charitable company.
Page 20