WISHES 4 KIDS FINANCIALSTATEMENT5 YEAR ENDED 4 APRIL 2023 WISHES 4 KIDS CHARITY NUMBER: 1092962 Full charity name Wishes 4 Kids Patron5 Muzzy Izzet Alan Birchenall John Greaves Trustees Paul Bakewell Shirley McKenna Paul McKenna Wendy Brickett Paula McAllister Trudie Seers {appointed 5 August 20221 Offlces. 67 Regent Road Leicester LEI Bankers HSBC Bank plc 2-6 Gallovrtree Gate Leicester LEI IDA Independent examiner Mr5 T.M. Bettles M.AA.T. Bettles Accountancy Limf(ed Gummies Retreat Leicester Road rilton on the Hill Leicestershire LE7 9DB V4isHES 4 KIDS ANNUAL REPORT YEAR ENDED 4 APRIL 2023 Structurei 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 20021Amended 13 January 2003IAmended 13 April 2022). The Charity holds no title to property- The Charity is administered by the Trustees as listed on page l. The Trustees are re*lected at the annual general meeting and hold Offi￿ from the conclusion of that meeting. The governing document provides for a minimum of three Trustees. When there is a requirement for new trustees. these are identified and appointed by the remainingtru5tees. The remainingTrustees are responsible for the induction of any new Trustee which involves awareness of trustee's responsibilities, the governing document. administrative procedures and the history of the charity. There are no ctropted members, however, the faality for the Trustees to appoint such members are included in the Charitvs governing document. Mr G Lowe manages the daily activtties of the Charity. objectives and activities The objerts of the Charity are to relieve the suffering of children in the East Midlands area wf(h life limited or terminal illlless. children who have suffered life changing ment311physical 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 or whatever the child most desires. Achlevements. perfomiance and financial review As expected and due to the pandemic that stsrted in 2020 the charity saw an reduction in events income of 33% following a 75% increase in 2022. This was due to some national and regional fundraising events that had been cancelled in 2020121 being held tsvice in 2021122. There was. however, an 84% increase in donations in 2023 following the downturn in 2022. In spite of the difficutt conditions the pandemic has caused for everyone including major price increases, the charity significantly reduced its backlog of wishes awaiting completion and has granted and completed 384 wishes during the year. The Trustees are grateful to the many supporter5 of the Charity who have glven their loyalty and commitment. The Charity has been "adopted" by a number of corporate sponsors vAth whom we are working closely to achieve both financial and volunteer support. The charity has fulfilled its objectives. to the public. by the granting of a wish to children with life limiting andtemiinal illness. children who have suffered life changing mentallphysical 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 2023 Publlc Benefft The Trvstees confirm that they have referred to the guidance crmtained in the Charity Commission's general guidance on public benefit when reviewing the Chari￿5 aims and objectives and in planning future activities. Going Concern The effect of Covid-19 and other external factors on the charity is continually assessed by the Trustees. ￿VIew1n8 the charitys forecasts and projertions to ensure the charity remain5 financially viable. With regard to the next accounting period. the year ending 4 April 2024, the most significant area that is affecting the charttvs net assets is still the level of income. However, as 2023 has shown a significant increase in donations received and events income has remailled strong.it Is now hopeful that this will continue. The charity continues to have a strong Balance Sheet with unrestricted liquid urrent assets of £210,433, 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 tor the 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 Atthe end of the financial yearthe tjnrestricted reserves were £251,694 which is more than 9 months of current total expenditu￿. The Trustees consider the level of unrestricted reserves to be satisfactory. Their policy is to keep reserves at a level to withstand any 5hort-term risk5 to give themselves time to change any financial plans accordingly. The circumstan￿5 around Covid-19 are example why such free reserves are held and these are used accordingly to ensure that Wishes 4 Kids remains a going-con￿rn. The adequacy of the reserves policy is reviewed annually or more often ￿e￿Ssary. Donations in kind The charity has received considerable support in kind for the granting of wishes the approximate valL%e of which is £18.CYJ9 12022 - £8S21- This is included in donations received and resources expended. Rlsk factors The tru5tee5 have continued to assess the major risks to which the charity is exposed, and are satisfied that systems are in place to mitlgate exposure to the major risk5. WISHES 4 KIDS ANNUAL REPORT YEAR ENDED 4 APRIL 2023 The principal uncertainty currently facing the charity is the impact of the ongoing global Covid-19 outbreak. The Trustees continue to monTtor the outbreaK induding UK Government advice. and acknowledge that the chartty faces a prolonged period of untertainty. While the evolving nature of the situation means it is not possible to accurately quantify the financial impart. the charity is in good position to help manage the risk Steps are being taken on an ongoing basis to minimise the impact on the charivs activities and the effect this may have on its 5UPPOrters and beneficiaries. Infrastructure 15 in place to allow staff to work remotely or in a 'covid secure. environment and our key priority is to ensLtre, as far as p0s51￿e. that terminally ill or liftrlimited chIld￿n are still able to benefit from a 'covid secure, wish. Statement of trustee's respMsibilitie5 The twstees are responsible for preparing the Trustee< Report and financial ststements in accordance with applicable law and United ￿ngdoM Accounting Standards (Untted Kingdom Generally Accepted Accounting Prarticel. The law applicable to charities in England & Wale5 requires the trustees to prepare financial statements for each financial year which give a true and fairview of the state of affairs of the tharity and of the incoming resources and application of resources of the charty forthat 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 material departures disclosed and explained in the financial statements- prepare the financial statements on a going con￿rn 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 accuraey the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. the Charity {Accounts Reports) Regulations 2008 and trust deed. They are also responsible for safeguarding the assets of the charity and for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the trustees on 12 May 2023. PAUL BAKEWELL Trustee IVISHES 4 KIDS INDEPENDE￿ EXAMINERS REPORTTO THE TRusfEES OF WISHES 4 KIDS YEAR ENDED 4 APRIL 2023 I report to the charity trustees on my examination of the accounts of the charty for the year ended 4 April 2023 which are set out on pages 6 to 11. Responsibilities and basis of rewt As the charitys trustees you are responsible for the preparation of the account5 in accordance with the requirements of the Charitie5 Att 2011 (the Acy). I report in re5pert of my examination of the charitvs account5 carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Direction5 given by the Charity Commission under section 14515llbl of the ACL Itmlependent examine￿5 ststemert Slnce the charitrfs gross income exceeds E250,CMX) your examiner must be a member of a body listed in sectlon 145 of the 2011 Att. I can confirm that l am qualiFied to undertake this examination because l am a registered member of the Association Of Accounting Technicians, which 15 one of the listed bodies. I have completed my examination and I confimi that no material matters have come to my attention in connection with the examination givtng me cause to believe that in any m3terial respert.. l. Accounting records were not kept in respect of thÈ charity as required by Section 130 of the Act,. or 2. The accounts do not accord with those records; or 3. The accounts do not comply with the applicable requirements conceming the fomi and tontent of accounts set out in the Charities (Accoursts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair viev/ which is not a matter considered as part of an independent examination. 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 3 proper understanding of the accounts to be reached. Mrs T.M. Bettles MAAT BE￿LEs AccouMfANCI UMTfED Gummies Retreat Leicester Road Tilton on the Hill Leicestershire LE7 9DB 12 May 2023 ISHES 4 KIDS STATEMEiif OF FINANCIAL ACTivmES YEAR ENDED 4 APRIL 2023 Totsl Totsl Income and end¢)wmerts from: Donations and legacies Other trading activities Fundraisin8 events 189.346 102.934 66.711 99.939 Other income Profit on disposal of fixed asset 38.995 Totsl 294.952 202.873 Expendltwe on: Raising funds Charitable artivities Cost of wishes provided 44,031 35,233 285,549 188,275 Totsl 329.580 223,508 Nèt incomelleynditure) Transfers between fund 134.6281 120,6351 Net movement funds forthe year 134.6281 120,6351 Reconclliation of funds Fund balances at 5 April 2022 286,322 306,957 Fund balances at 4Apfll 2023 Sl.694 £286,322 The funds for 2023 and 2022 are unrestricted. WISHES 4 KIDS BALANCE SHEET AT 4 APRIL 21123 2023 202Z Fixed assets Tangible fixed assets 41,261 311 Current assets Debtor5 Cash at bank and in hand 18,874 193.019 11,255 286.788 211,893 298,043 Short-terni creditors 12,032 Net Current assets 210.433 286.011 Net assets £251.694 £286.322 Represented by: Unrestricted funds 2SI.694 286.322 Total charity funds £251.694 £286,322 These financial statements were approved by the Trustees on 12 May 2023 and signed on their behalf bv: PAUL BAKEWELL Trustee WISHES 4 KIDS NOTES FORMING PARTOF THE ANANOAL ￿ATEMEPlTS YEAR ENDED 4 APRIL 2023 l. Accounting potkks Tho firhancial statements have been prepared in actordance wlth Atcounting 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 IFRS 1021 leffective I january 20191. the Financial Reporting Standard applicable in the Untted Ki￿d0￿ and Republic of Ireland IFRS 1021, and the Chartties Act 2011. Wishes 4 Kids meets the definition of a public benefit entity LEnder FRS 102. The financial statements are prepared on a going concern basis under the historical cost convention. modified to include ￿rtain item5 at fairvalue. The trLbStees have considered the level of funds held and the expetted level of income and expenditu￿ for the 12 month period from the date of authorising these financial statements. The budgeted income and expenditure together with the level of reserves 5s sufficient for the charity to be able to continue as a going con¢em. The trustees have considered the impact of COVID- 19 on the charity in makingthis assessment. The flnancial statements are presented in Sterli￿ which i% the functional currency of the charity. The significant accountrng policies applied in the p￿paration of these financial statements are Set out below. These policies have been consistently applied to all year5 presented unle55 Otherwise stated. The principal actounting p￿ICieS adopted in the preparation of the financi31 staternents are set out below. lal Income is recognised in the SOFA when the charity becomes entttled to the res(yJrces. it is more than likety to receive the resources and the monetsry value can be measured wtth Sufficient reliabiltty. Legacies are included in the SOFA when receipt is probable, that rs. when there has been grant of probate, the executors have established that the￿ are sufficient assets in estate and any conditions attached to the legacy are either within ihe control ofthe charity or have been met. Donated services and facilities are included in incoming resoijrces in the SOFA (with an equivalent amount in resotsrte5 expendeill at the value of the gift to the chartty where this can be quantified. Gift Aid receivable is included in income when there is a valid declaration 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 unlessthÈ donoror the temis of the appeal have specified othèrwise. Ibl Liabilities a￿ recogniseil where tt is more I￿kety than not that there is a legal or constructtve obligation comfftitting the charity to pay out resources and the amount of the oblig3￿n can be measured with reasonable certainty- Expenditure. including the related irrecoverable VAT. has been classified under headings that aggregate all costs ￿lating to the tategory. Icl Support costs include ￿ntral functions and have been allocated to activity cost categorie5 On a basis consistent with the use of resources {time spent by stsffl. Idl Tangible fixed assets are caprtallsed and are written off by depreciation. caltulated to write down the cost by equal instalments, over their experted useful INes. The rates applicable are as follows:_ Fixtures, ftttings & equipment Motor vehides - perannum on c05L - 33.33% per annum on cost WISHES 4 KIDS NOTES FORMING PART OF THE FINANaALSTATEMEKts IcoKnNUEDI YEAR ENDED 4 APRIL 2023 lel The unrestricted funds are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Restricted funds are to be LFsed for specffic purposes as laid down bythe donor. Expenditure whbch meets the criteria Is char8ed to the fund If) The charityonly enters into basicfinancial instrumentstransatth)nsthat resultin the ￿COgnIt￿)n of financial assets and liabilities like other debtors and credito Short term debtors and creditor5 are me35ured atthetrarsaction price. Z. Donatlons and le¥acles Donations anil legacies In 2023 indude grants from HMRC of nil12022- £2.4671 in respect of the Coronaviw5 Job Retention Scheme which ha£ funded employees on furlough durirg the year. Analysis of expenditure ralsing fvnds Dlrect Support Total 2023 £44.031 Totsl 2022 £35,233 Fundraising costs £20.345 £23,686 4. Analysis of expendlture on charltable actN Dlrert cost £218,348 Totsl Total 2023 £285,549 Z022 Cost of wishes provided £67,201 £188,275 5. Allocation of support t05ts Charitable Raising fund5 1.128 449 Total 2023 4.329 1.724 1,568 9,193 Total 2022 4.415 1,527 1,736 9,192 2.339 4.595 462 2,259 13,458 46,784 7.876 Support Costs PrintinE, postage & stationery Sundry expenses Rep8lrs & renev*dls Rent & rates Heat & li8ht Telephone Bank charges Insurance Depreciation Salaries Inote 61 Motor Govemance Accountancy 3.201 1.275 1.160 6.797 1.485 3.236 229 1.725 15,222 26,622 5.621 2.396 523 1.141 81 4.377 310 2.333 20,587 36.(KJS 7.￿3 5,365 9.383 1.982 628 222 850 850 £67,201 £23.686 E90,887 £95,493 The charity undertakes direct charitable activities onty and allocates its Support Costs on a basis consistent with the use of resou￿5. All accountancy fees relate to the p￿paratIOn arKI independent examination of the chariWs financial accounts. W15HES4 KIDS NOTES FORMING PART OF THE FINANQAL STATEMENT5 IcopillNUED) YEAR ENDED 4 APRIL 2023 6. Stsff costs 21123 35,175 2￿22 45.999 Wages and salaries Social security costs Employerfs pension contributions 785 Total emoluments £36.Cl)5 £46,784 No employee received a salary in excess of E60.OCQ per annum. Average number of employees There We￿ no Key Management personnel employed during the year. 7. Tanglble fixed assets Flxtures Vehides Equipment Totsl Cost At 5 April 2022 Additions Disposals 39.410 . 61,542 139.4101 18.576 57,986 61.542 139,4101 At 4 Aprtl 2023 61.542 18,576 80.118 Oepreclatlon At 5 April 2022 Charge for the year Disposals 39.405 20.512 139.4051 18.270 75 57.675 20,587 139.4051 At 4 April 2023 20.512 18,345 38.857 Net book amount At 4 April 2023 £41.030 £231 £41.261 At 4 April 2022 £306 £311 & Debto 2023 11,140 7.734 2022 11.255 Prepayments Other debtors £18,874 £11,255 9. Creditor5: Amounts famlng due within ¢>ne year 2023 2022 11.147 Other ¢reditors Accruals £1.460 £12.032 IbVIsHES 4 KIDS li NOTE5 FORMING PARTOF THE FIP4APXIAL StATEMEPITS (COPfflNUED) YEAR ENDED 4 APRIL 2023 10. Truste￿ remunetstlon and expenses No tr4Jstees recetved any remltr￿rat10n either directly or indirect￿. during the year or previousyear. Included in Sundries are Meeting expenses reimbursed to Tnjstees of £nil12022-£1191.