WISHES 4 KIDS FINANaAL STATEMENTS YEAR ENDED 4 APRIL 2024 WISHES 4 KIDS CHARITY NUMBER: 1092962 Full charity name Wishes 4 Kids Patrons Muzzy Izzet Alan Birchenall John Greaves Trustees Paul Bakewell Shirley McKenna Paul McKenna Wendy Brickett Paula McAllister Trudie Seers 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 Gummies Retreat Leicester Road Tilton on the Hill Leicestershire LE7 9DB WISHES 4 KIDS ANNUAL REPORT YEAR ENDED 4 APRIL 2024 Structure. governance and management Wishes 4 Kids is registered with the Charity Commission for England & Wales as an Unincorporated Charity (16 July 2002) with the governing document in the form of a constitution adopted 24 April 2002 (Amended 19 June 2002/Amended 13 January 2003/Amended 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*lected 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 is a requirement for 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 responsibilitie5, the governing document, administrative procedures and the history of the charity. There are no co-opted members, however, the facility for the Trustees to appoint such members are included in the Charity's governing document. Mr G Lowe manages the daily activities of the Charity. Objective5 and attivities The objects of the Charity are to relieve the suffering of children in the East Midlands area with life limited or terminal illness, children who have suffered life changing mental/physical 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. Achievementsp performance and financial review The charity has seen an increase in events income of 27.6Yo With a small downturn in donations of 8.750A. Overall this results in a small increase in income. The Trustees are confident that there is no actual downturn in donations being made to the Charity and the downturn is simply due to the timing of when donations are handed over. The Charity has granted and completed 281 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 support. 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 2024 Public Benefit The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charitvs aims and objectives and in planning future activities. They remain committed to providing a wish to children who are suffering in the East Midlands Area as detailed more fully in previous paragraphs of this report. Going Concern The effect of Covid-19 and other external factors on the charity is continually assessed by the Trustees, reviewing the CharIt￿S forecasts and projections to ensure the charity remains financially viable. With regard to the next accounting period, the year ending 4 April 2025, the most significant area that is affecting the CharIt￿S net assets is still the level of income. However, as 2024 has shown, donations received and events income has remained strong and it is now hopeful that this will continue. The charitycontinues to have a strong Balance Sheet with unrestricted liquid current assets of £243,445, $0 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 for 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 At the end of the financial year the unrestricted reserves were £264,131 which is more than 12 months of current total expenditure. The Trustees consider the level of unrestricted resenies 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 reserrfes are held and these are used accordingly to 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 considerable support in kind for the granting of wishes the approximate value of which is £7,353 12023 £18.009). 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 2024 Statement of trustee's 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 charities 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 of the incoming resources and application of resources of the charity for that 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 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 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 taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the trustees on 10 May 2024. A/// PAUL BAKEWELL Trustee WISHES 4 KIDS INDEPENDENT EXAMINERS REPORTTO THETRusfEES OF WISHES 4 KIDS YEAR ENDED 4 APRIL 2024 I report to the charity trustees on my examination of the accounts of the charity for the year ended 4 April 2023 which are set out on pages 6 to 11. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the ACY). I report in respect of my examination of the charitvs accounts carried out under section 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){b) of the Act. Independent examiner's statement Since the charitws gross income exceeds £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I can confirm that l am qualified to undertake this examination because l am a registered member of the Association Of Accounting Technicians, which is one of the listed bodies. 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 respect: 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 accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Mrs T.M. Bettles MAAT BErrLES ACCOUNTANCY UMITED Gummie5 Retreat Leicester Road Tilton on the Hill Leicestershire LE7 9DB 10 May 2024 WISHES 4 KIDS STATEMENT OF FINANCIAL AcfiviTIES YEAR ENDED 4 APRIL 2024 Total 2024 Total 2023 Notes Income and endowments from: Donations and legacies Other trading activities Fundraising events 172,674 189,246 85,148 66,711 Other income Profit on disposal of fixed asset 38,995 Total 257,822 294,952 Expenditure on: Raising funds Charitable activities Cost of wishes provided 59,660 44,031 185,725 285,549 Total 245,385 329,580 Net income/(expenditure) Transfers between fund 12,437 134,628) Net movement In funds for the year 12,437 134,628) Reconciliatlon of funds Fund balan￿5 at 5 April 2023 251,694 286,322 Fund balances at 4 April 2024 £264,131 £251,694 The funds for 2024 and 2023 are unrestricted. WISHES 4 KIDS BALANCE SHEEr AT 4 APRIL 2024 Notes 2024 2023 Fixed assets Tangible f ixed assets 20,686 41,261 Current assets Debtors Cash at bank and in hand 30,561 213,769 18,874 193,019 244,330 211,893 Short-term creditors 885 1,460 Net current assets 243,445 210,433 Net assets £264,131 £251,694 Represented by; Unrestricted funds 264,131 251,694 Total charity funds £264,131 £251,694 These financial statements were approved by the Trustees on 10 May 2024 and signed on their behalf bv: PAUL BAKEWELL Trustee WISHES 4 KIDS NOTES FORMING PART OF THE FINANCIAL STATEMENTS YEAR ENDED 4 APRIL 2024 l. Accounting policies The financial statements have been prepared in accordance with 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 IFRS 1021 (effective l January 20191, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102), and the Charities Act 2011. Wishes 4 Kids meets the definition of a public benefrt entity under FRS 102. The financial statements are prepared on a going concem 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 forthe 12 month period from the date of authorising these financial statements. The budgeted income and expenditure together with the level of reserves is sufficient forthe charity to be able to continue as a going concern. The trustees have considered the impact of COVID- 19 on the charity in making this assessment. The financial statements are presented in sterling which is thefunttional 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. {al Incorne 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 sufficient 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 sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Donated seNices and facilities are included in incoming resources in the SOFA (with 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 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 addttion to the same fund as the initial donation unless the donor orthe terms of the appeal have specified otherwise. {b) Liabilities are recognised where it is more likely than not that there is a legal or constructive obliEation committing the charity to pay out resources and the amount of the obliEation can be measured with reasonable certainty. Expenditure, including the related irrecoverable VAT, has been classified under headings that aggregate all costs relating to the category. (c) Support costs include centr31 functions and have been allocated to activity cost categories on a basis consistent with the use of resources (time spent by staff). (dl 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% perannum on cost. Motor vehicles - 33.33% per annum on cost WISHES 4 KIDS NOTES FORMING PART OF THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 4 APRIL 2024 {el 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 used for specific purposes as laid down by the donor. Expenditure which meets the criteria is charged to the fund If) The charity only enters into basic financial instruments transactions that resutt in the recognition of financial assets and liabilities like other debtors and creditors. Short term debtors and creditors are measured at the transaction pri￿. 2. Donations and legacies Donations and legacies include Donations In Kind of £7,353 {2023 - £18,009). 3. Analysls of expenditure on raisin8 funds Direct Support costs £30,251 Total 2024 £59,660 Total 2023 £44,031 cost Fundraising Costs £29,409 4. Analysis of expenditure on charitable actlv5ty Dlrert cost £124,392 Support costs £61,333 Total 2024 E185,725 Total 2023 £285,549 Cost of wishes provided 5. Allocatlon of support costs Charbtable activity 1,712 663 Ralsln8 funds 844 327 Total 2024 2.556 990 Total 2023 Support costs Printin& postage & stationery Sundry expenses Repairs & renewals Rent & rates Heat & light Telephone Bank charges Insurance 4,329 1,724 1,568 9,193 2,008 4,377 310 2,333 20,587 36,005 7,603 1,312 6,209 1.700 3,391 153 1,713 13,779 24,841 5,291 1,960 9,271 2,538 5,064 229 2,557 20.575 37,093 7,901 3,062 838 1,673 76 Depreciation Salaries {note 6) Motor Governance Accountancv 6,796 12,252 2.610 569 281 850 850 £61,333 £30.251 £91,584 £90,887 The charity undertakes direct charitable 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 chariws financial accounts. WISHES 4 KIDS io NOTES FORMING PART OF THE FINANCIAL STATEMENTS (CONnNUED) YEAR ENDED 4 APRIL 2024 6. Staff costs 2024 36,230 2023 35.175 Wages and salaries Social security costs Employerfs pension contributions 863 830 Total emoluments £37.093 E36,005 No employee received a salary in excess of £60,000 per annum. Average number of employees There were no Key Management personnel employed during the year. 7. Tangible fixed assets Fixtures Fittin8s & Equipment Motor Vehicles Total C05t At 5 April 2023 Additions Disposals 61,542 18,576 80,118 At 4 April 2024 61,542 18,576 80,118 Depreciation At 5 April 2023 Charge forthe year Disposals 20,512 20,512 18,345 63 38,857 20,575 At 4 April 2024 41,024 18,408 59.432 Net book amount At 4 April 2024 £20,518 £168 £20,686 At 4 April 2023 £41,030 £231 £41,261 8. Debtors 2024 2023 Prepayments Other debtors 9,656 20,905 11,140 7,734 £30,561 £18,874 9. Creditors: Amounts falling due within one year 2024 2023 Other creditors Accruals 885 1,460 £885 £1,460 WISHES 4 KIDS li NOTES FORMING PART OF THE FINANCIAL STATEMENTS (CONTINUED) YEAR ENDED 4 APRIL 2024 10. Trustees. remuneration and expenses No trustees received any remuneration either directly or indirectly, during the year or previous year. Included in Sundries are Meeting expenses reimbursed to Trustees of £nil {2023- £nil).