WISHES 4 KIDS FINANCIAL sfATEMEKrs YEAR ENDED 4APRIL 2022
WISHES 4 KIDS CHARITY NUMBER: 1092962 Full charity rme Wishes 4 Kids Patrons Muzzy Izzet Alan Birchenall John Greaves Trustees Paul Bakewell Shirley McKenna Paul McKenna Wendy Brickett Paula McAllister Offices 67 Regent Road Leicester LEI 6YF Bankers HSBC Bank plc 2-6 Gallowtree Gate Leicester LEI IDA Independent examiner Mrs T.M. Bettles M.A.A.T. Bettles Accountancy Limited Gummie5 Retreat LeISter Road Tilton on the Hill Leicestershire LE7 9DB
WISHES 4 KIDS ANNUAL REPORT YEAR ENDED 4 APRIL 2022 Strurture• governance and management Wishes 4 Kids is registered with the Charity Commission for England & Wales as an Unincorporated Charity116 July 20021 with the governing document in the form of a constitution adopted 24 April 2002 (Amended 19 June 2CKJ2IAmended 13 January 20031Amended 13 April 20221. The Charity holds no title to property. The Charity is administered by the Trustees as listed on page l. The Trustees are re-elerted at the annual general meeting and hold office from the conclusion of that meeting. The governing document provides for a minimum of three Trustees. When there 15 a requirementfor new trustees. these are identified and appointed by the remaining trustees. The remaining Trustees are responsible for the induction of any new Trustee which involves awareness of trustee'5 responsibilities, the governing document. administrative prOdureS and the historyof the charity.There are no co-opted members, however, the facility for the Trustees to appoint such members are included in the Charitvs governing document. Mr G Lowe manages the daily activities of the Charity. Objertives and artivities The objects of the Charity are to relieve the suffering of children in the East Midland5 area with life limited or terminal illness. children who have suffered life changing mental/phYsi1 and emotional trauma or children who have suffered severe abuse by the granting of a wish for example - meeting a celebrity or sportsperson, a trip. a toy orwhatever the child most desires. Achievernentsp performance and financial review As expetted and due to the pandemic that started in 2020 the charity saw an increase in event5 income of 75% following a 22% decrease in 2021. This was due to some national and regional fundraising events restarting that had been (zncelled in 2020121. There was, however, a downturn in donations in 2022. In 2020/21 the charity staff were furloughed for part of the year and donations in 2021 included £27,719 of CJRS grants to cover staff when they were unable to work and £lO,O(10 from the Local Council. In spite of the difFicult conditions the pandemic has caused for everyone, the charity has granted and completed 237 wishes during the year. The Trustees are grateful to the many supporters of the Charity who have given their loyalty and commitment. The Charity has been "adopted" by a number of corporate sponsors with whom we are working closely to achieve both financial and volunteer 5UPPOrt. The charity has fulfilled its objectives, to the public, by the granting of a wish to children with life limiting and terminal illness, children who have suffered life changing mental/physical and emotional trauma or have suffered severe abuse and who reside or are being treated within our catchment area.
WISHES 4 KIDS ANNUAL REPORT YEAR ENDED 4 APRIL 2022 Public Benefft The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the chariws aims and objertives and in planning future activities. Going Concern The effect of Covid-19 and other external fattors on the charity is continually assessed by the Trustees, reviewing the charitVs forecasts and projections to ensure the charity remains financially viable. With regard to the next accounting period. the year ending 4 April 2023, the most significant area that is affecting the charitys net assets is still the level of income. However, it is now hopeful that the charity will be able to do more fundraising and most national and regional fundraising events e.g. The London Marathon have recommenced. The charity continuesto have a strong Balance Sheet with unrestricted liquid current assets of £286.322, so in the Trustees opinion the charity has sufficient resources to meet its liabilities as required. As Such. they remain satisfied that the charity can continue to operate forthe next 12 months and onwards and the accounts have been prepared in the knowledge that Wishes 4 Kids is a financially viable charity. Reserves policy At the end of the financial year the unrestrirted resee$ were £286,322 which is more than 12 months of current total expenditure. The Trustees consider the level of unrestricted reserves to be satisfactory. Their policy is to keep reserves at a level to withstand any short-term risks to give themselves time to change any financial plans accordingly. The circumstances around Covid-19 are example why such free reserves are held and these are used accordinglyto ensure that Wishes 4 Kids remains a going-concern. The adequacy of the reserves policy is reviewed annually or more often if necessary. Donations in kind The charity has received considerdble support in kind for the granting of wishes the approximate value of which is £852 {2021- £1,046). This is included in donations received and resources expended. Risk fartors The trustees have continued to assess the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
WISHES 4 KIDS ANNUAL REPORT YEAR ENDED 4 APRIL 2022 The principal uncertainty currently facing the charity is the impact of the ongoing global Covid-19 outbreak. The Trustees continue to monitor the outbreak, including UK Government advice. and acknowledge that the charity faces a prolonged period of Unrtainty. While the evolving nature of the situation means it is not possible to accurately quantify the financial iTnpact, the charity is in a good position to help manage the risk. Steps are being taken on an ongoing basis to minimise the impact on the chariws artivities and the effect this may have on its supporters and beneficiaries. Infrastrutture is in place to allow staff to work remotely or in a 'cowd secure, environment and our key priority is to ensure, as far as possible, that terniinally ill or life-limited children are still able to benefit from a 'covid secure. wish. Statement of truste¥5 responsibilities The trustees are responsible for preparing the Trustees, Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to chartties in England & Wales 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 charity and ofthe incoming resources and application of resour$ of the charityforthat period. In preparing these financial statements. the trustees are required to= select suitable accounting policies and then apply them consistently; observe the methods and principles of the Charities SORP- make judgements and estimates that are reasonable and prudent- state whether applicable accounting standards have been followed, subject to any materi al departures disclosed and explained in the financial statements- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ensure that the financial statements complv with the Charities Att 2011, the Charity (Accounts Reports) Regulations 2008 and trust deed. They are also responsible for safeguarding the assets of the charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the trustees on 20 May 2022. PAUL BAKEWELL Trustee
WISHES 4 KIDS INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF WISHES 4 KIDS YEAR ENDED 4 APRIL 2022 I reportto the charity trustees on my examination of the accounts of the charity for the year ended 4 April 2022 which are set out on pages 6 to 10. Responsibilities and basis of report As the charitvs trustees you are responsible forthe preparation of the accounts in accordance with the requirements of the Charities Act 20111.the AcV}. I report in respect of my examination of the charity's accounts carried out under settion 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)Ib) of the Art. Independent examiner's statement I have completed my examination and I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respert: l. Accounting records were not kept in respect of the charity as required by section 130 of the Act- or 2. The accounts do not accord with those records; or 3. The account5 do not comply with the applitable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports} Regulations 28 other than any requirement that the accounts give a 'true and fairMev/ which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connertion 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. Mrs T.M. Bettles MAAT BELEs ACCOUNTANCY UMrrED Gummies Retreat Leicester Road Tilton on the Hill Leicestershire LE7 9DB 20 May 2022
WISHES 4 KIDS STATEMENT OF FINANCIAL AcfivmES YEAR ENDED 4 APRIL 2022 Totsl 2022 Totsl 2021 Notes Income and endowments from: Donations and legacies Other trading artivities Fundraising events 102.934 239.256 99,939 56,945 Other income Profit on disposal of fixed asset Total 202.873 296,201 Expendityre on: Raising funds Charitable activities Cost of wishes provided 35,233 24,012 188,275 201.312 Total 223,508 225,324 Net income/{expenditure) Transfers between fund 120.6351 70.877 Net movement in funds for the year 120,6351 70,877 Reconciliation of funds Fund balances at 5 April 2021 306.957 236,080 Fund balances at 4 April 2022 £286.322 £306,957 The funds for 2022 and 2021 are unrestricted.
WISHES 4 KIDS BALANCE SHEET AT 4 APRIL 2022 Notes 2022 2021 Fixed assets Tangible fixed assets 311 13,769 Current assets Debtors Cash at bank and in hand 11.255 286.788 35,225 258.848 298.043 294.073 Short-term credttors 12,032 885 Net current assets 286.011 293,188 Net a55ets £286,322 £306,957 Represented by: Unrestricted funds 286,322 306.957 Total charity funds £286,322 £306.957 These financial statements were approved by the Trustees on 20 May 2022 and signed on their behalf by: PAUL BAKEWELL Trustee
WISHES4 KIDS NOTES FORMING PART OF THE FINANCIAL STATEME[5 YEAR ENDED 4 APRIL 2022 l. Accounting policie5 The financial statements have been prepared in accordance wwth Accounting and Reporting by Charities.. ststement of Recommended Prattice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, and the Charities Act 2011. Wishes 4 Kids meets the definition of a public benefit enttty under FRS 102. The financi31 statements are prepared on a going concern basis under the historical cost convention. modified to include certain items at fair value. The trustees have considered the level of funds held and the expected level of income and expenditure for the 12 month period from the date of authorising these rinancial statements. The budgeted income and expenditure together with the level of reserve5 is sufficient for the charity to be able to continue as a going concern. The trustees have considered the impatt of COVID- 19 on the charity in making this assessment. The financial statements are presented in steding which is the fvnctional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The principal accounting policies adopted in the preparation of the financial statements are set out below. lal Income is recognised in the SOFA when the charity becomes entitled to the resources. it is more than likely to receive the resources and the monetary value can be measured with 5uffiaent reliability. Legacies are included in the SOFA when receipt is probable. that is, when there has been grant of probate, the executors have established that there are suffiaent 355ets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Donated services and facilities are included in incoming resources in the SOFA Iwith an equivalent amount in resources expended) at the value of the gift to the charity where this can be quantified. Gift Aid receivable is included in income when there is a valid dedaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Ibl Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Expenditure, including the related irrecoverable VAT, has been classified under headings that aggregate all costs lating to the category. Icl Support costs include central functions and have been allocated to attivtty cost categories on a basis consistent with the use of resources Itime spent by staffj- Idl Tangible fixed assets are capitalised and are written off by depreciation. calculated to write down the cost by equal instalments, over their expected useful lives. The rates applicable are as follows-_ Fixtures. fittings & equipment - IO% per annum on c05t. Motor vehicles - 33.33% perannum on cost
WISHES4 KIDS NOTES FORMING PART OF THE FINANCIAL STATEMENTS (corinNUED} YEAR ENDED 4 APRIL 2022 lel The unrestrirted funds are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets the criteria is charged to the fund {f) The charity only enters into basicfinancial instrumentstransactions that result in the recognition of financial assets and liabilities like other debtors and creditors. Short term debtors and creditors are measured at the transaction price. Z. Donations and legacies Donations and legacies in 2022 include grants from HMRC of £2.46712021- £27,719} in respect of the Coronavirus Job Retention Scheme which has funded employees on furlough during the year and support grants of £-12021- £10,(KJOI from the local Council. 3. Analysis of expenditure on raising funds Direct Support costs £17.903 Totsl 2022 £35,233 Total 2021 £24,012 cost Fundraising costs £17,330 4. Analysis of expenditure on charitable artiwty Dirert Support Total 2022 £188,275 Totsl 2021 £201,312 Cost of wishes provided £110,685 £77,590 S. Allocation of support costs Charitable activity 3.587 1,241 1.411 7,469 1.901 3.734 376 1,835 10,935 38,012 6,398 Raising fvnds 828 286 Total Total 2021 1,386 S05 1,171 9,108 1,383 4,438 Support costs Printin& postage & stationery Sundry expenses Repairs & renewals Rent & rates Heat & light Telephone Bank charges Insurance Depreciation Salaries (note 61 Motor Governance Accountancy 2022 4,415 1.527 1.736 9,192 2,339 4.595 462 325 1,723 438 86 424 2.523 8.772 1.478 2,259 13,458 46,784 7.876 2,212 13,489 47,009 4,001 691 159 850 850 £77,590 £17.903 £95,493 £86,420 The charity undertakes direct tharitable activities only and allocates its Support Costs on a basis consistent with the use of resources. All accountancy fees relate to the preparation and independent examination of the charity's tinancial accounts.
WISHES 4 KIDS io NOTES FORMING PART OF THE FINANCIAL STATEMENTS {CONTINUED) YEAR ENDED 4 APRIL 2022 6. Staff costs 202Z 45,999 2021 46,200 129 Wages and salaries Social security costs Employerfs pension contributions 785 680 Total emoluments £46.784 £47.009 No employee received a salary in ex$ of £60,CM)O perannum. Average number of employees There were no Key Management personnel employed during the year. 7. Tangible fixed assets Fixtures Fittings & Equipment Motor Vehicle5 Total Q)st At 5 April 2021 & 4 April 2022 39,410 18,576 57,986 Depreciation At 5 April 2021 Charge for the year Disposals 26,270 13,135 17.947 323 44,217 13,458 At4April 2022 39.405 18.270 57,675 Net book amount At 4 April 2022 £5 £306 £311 At 4 April 2021 £13,140 £629 £13,769 8. Debtors 2022 11.255 2021 7.758 2,467 Prepayments Other debtors £11,255 £35,225 9. Credltors: Amounts falling due within oneyear 2022 11.147 885 2021 Other creditors Accruals 885 £12.032 £885 10. TTUSteeg remuneration and expenses No trustees received any remuneration either directly or indirectly, during the year or previous year. Included in Sundries are Meeting expense5 reimbursed to Trustees of £119 {2021- nill-