## **THE WISH CENTRE LIMITED** **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** **Company Limited by Guarantee No. 05060450 Registered Charity No. 1125263** **THE WISH CENTRE LIMITED** ## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** |**Contents**|**Pages**| |---|---| |Company and Charity Information|1| |Directors' and Trustees' Annual Report|2 - 10| |Independent Examiner's Report|11| |Balance Sheet|12| |Statement of Financial Activities|13| |Summary Income and Expenditure Statement|14| |Notes to the Financial Statements|15 - 22| ## **THE WISH CENTRE LIMITED** ## **COMPANY AND CHARITY INFORMATION** |**THE WISH CENTRE LIMITED**|A company limited by guarantee| |---|---| |**CHARITY REGISTRATION**|1125263| |**NUMBER**|| |**COMPANY REGISTRATION**|05060450| |**NUMBER**|| |**REGISTERED OFFICE**|85 Great Portland Street| ||London| ||England| ||W1W 7LT| |**PRINCIPAL OFFICE**|Cedars Youth and Community Centre| ||Chicheley Road| ||Harrow Weald| ||HA3 6QH| |**DIRECTORS AND TRUSTEES**|Clare Kiely (Chair)| ||Stefano Zammattio (Treasurer)| ||Emma Haigh| ||Clare Nash| ||Millie Shuter - appointed 24/06/21| ||Bankita Ashar - appointed 18/07/22| ||Chloe Edis - appointed 18/07/22| ||Alexis Watkins - appointed 18/07/22| ||Nicole Henry - appointed 18/07/22| ||Finley Stanford - appointed 18/07/22| |**COMPANY SECRETARY &**|Rowena Jaber| |**CHIEF EXECUTIVE**|| |**INDEPENDENT EXAMINERS**|John Diffey FCCA| ||Laconica Limited| ||Chartered Certified Accountants| ||25 Meades Lane| ||Chesham| ||Buckinghamshire| ||HP5 1ND| |**BANKERS**|HSBC| ||26-28 St Ann's Road| ||Harrow| ||HA2 6QQ| |Page 1|| **THE WISH CENTRE LIMITED** ## **DIRECTORS' AND TRUSTEES' ANNUAL REPORT** The Directors of The WISH Centre Limited, who are also Trustees, present their annual report with the independently examined financial statements of the charitable company for the year ended 31 March 2022. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities (2nd edition) preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The WISH Centre Limited was incorporated in England on 2 March 2004 under registration no. 05060450, as a company limited by guarantee and is governed by its Memorandum and Articles of Association. The company was registered as a Charity in England on 30 July 2008 under registration no. 1125263. The registered office is 85 Great Portland Street, London, W1W 7LT. The Directors are appointed in accordance with the company's Articles of Association. The induction procedure consists of a meeting with the Chief Executive and also with the Chair of The WISH Centre Ltd. A new Trustee is also provided with relevant policies and procedures such as the Memorandum and Articles of Association and details of the finance policy. A 'skills audit' is periodically undertaken to ensure a variety of skills are represented amongst Trustees. The charity has a Chief Executive who manages the day to day running of the charitable company and who has overall responsibility for the various projects. The Trustees, who are also Directors, meet regularly throughout the year to discuss the charitable company's business affairs. Company law requires the Trustees, who are also Directors, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing those financial statements the Directors are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgments and estimates that are reasonable and prudent; - state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation. The Directors and Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees periodically review the charity's circumstances in order to identify and mitigate the major risks to which it is exposed and have established systems to mitigate those risks. Page 2 ## **THE WISH CENTRE LIMITED** ## **DIRECTORS' AND TRUSTEES' ANNUAL REPORT (continued)** The Directors, who are also Trustees, during the year ended 31 March 2022 are shown below. The Directors have no beneficial interest in the company. Clare Kiely - Chair Stefano Zammattio (Treasurer) Emma Haigh Clare Nash Millie Shuter - appointed 24/06/21 Nerys Anthony - resigned 25/03/22 Sahil Dodhia - resigned 30/03/22 Allan Aubeelack - resigned 24/06/21 Company Secretary - Rowena Jaber The directors and members of the Board of Trustees of the charity at the date of the report are as shown on page 1. Staff Team during the year ended 31st March 2022: Rowena Jaber - Centre Director and Chief Executive Tracy Shaw - Finance and Administration Manager Kaira Hunjan - Lead Psychotherapist Gary Daines - Psychotherapist Natalie Georgiou - Psychotherapist Annie Wade Smith - Youth Support and Participation Worker Deborah Sanderson - Business Systems Manager Hemita Patel - Finance and Administration Assistant Jessica Jaber - Social Media, Marketing and Communications Officer External Clinical Supervision provided by: Androulla Troisi Alison White Many thanks to all the young people who help us through volunteering and campaigning Page 3 ## **THE WISH CENTRE LIMITED** ## **DIRECTORS' AND TRUSTEES' ANNUAL REPORT (continued)** Page 4 **THE WISH CENTRE LIMITED** ## **DIRECTORS' AND TRUSTEES' ANNUAL REPORT (continued)** Page 5 **THE WISH CENTRE LIMITED** ## **DIRECTORS' AND TRUSTEES' ANNUAL REPORT (continued)** Page 6 **THE WISH CENTRE LIMITED** ## **DIRECTORS' AND TRUSTEES' ANNUAL REPORT (continued)** Page 7 ## **THE WISH CENTRE LIMITED** ## **DIRECTORS' AND TRUSTEES' ANNUAL REPORT (continued)** Page 8 **THE WISH CENTRE LIMITED** ## **DIRECTORS' AND TRUSTEES' ANNUAL REPORT (continued)** Page 9 ## **THE WISH CENTRE LIMITED** ## **DIRECTORS' AND TRUSTEES' ANNUAL REPORT (continued)** ## **FINANCIAL REVIEW** It is the policy of The WISH Centre Limited (WISH) to maintain general unrestricted reserves at a level to enable the charity to operate effectively. General unrestricted reserves represent funds of the charity that are freely available, excluding designated funds, reserved funds or funds invested in fixed assets. The Trustees consider it prudent to work towards retaining general unrestricted reserves equivalent to three month's running costs to enable the charity to continue to provide services at the present level. The trustees consider that reserves at this level are required due to: - Risks associated with each income stream and expenditure being different from that budgeted planned activity level. - Organisations commitments Reliability of Income - continuation of any of the current unrestricted income of WISH cannot be guaranteed. - WISH's strategic and operational plans for the coming budgetary period and for the future years. The Reserves Policy will allow WISH: - Time to find and secure alternative funding, when an income stream dries up. - To cover costs when there are possible late payments by funders. - Time to negotiate with possible affected staff and give the required notice period when a lack of funding could lead to staff redundancies. - To meet unexpected operational costs that may accumulate throughout the year. - To support planned commitments or designations that cannot be met by future income alone. Under the current reserves policy, the required level of reserves, based on 3 months of all costs for the year to 31st March 2022, is £58,426. The level of general unrestricted reserves (not already designated) at 31 March 2022 is £61,228 (2021: 69,966) equivalent to 105% of the target, or 3.1 months of operating costs. The Trustees hold funds in designated reserves for specific purposes. At 31 March 2022 the Trustees resolved to set aside funds of £5,000 (2021: £5,000) in a Development Fund: designated for website/ marketing/fundraising/and training; and £40,000 (2021: £35,000) in an Employment Fund: designated to provide future funding for the Charity's core posts if required and a provision for additional costs of redundancy or sickness. The calculation of the required level of reserves is an integral part of the organisation's planning, budget and forecast cycle. The statement of financial activities shows net incoming resources for the year of £3,331. The total restricted funds and reserves at the balance sheet date, stood at £197,090 of which £85,143 were restricted funds and £111,947 were unrestricted reserves. This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. Approved by the board and signed on its behalf dated: 7th December 2022 ………………………………………………… **Stefano Zammattio - Trustee** Page 10 INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE W]SH CENTRE UMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WISH CENTRE UMITED I report on the accounts of the cc¥npany forth& year ended 31 March 2022 wthiGh are set out on pages 210 RESPECTIVE RESPONSI8ILmES OF TRUSTEES AND EXAMINER The Tnjstees (who are also the DirectQTS ofthe compary fc* tho purpc6es of company knvl are responsible for the preparal>?n of the accounts. The Trustees consider that an audit is not required for this year under Sect*)n 144 of tho Charit*s Act 2011 Ilhe 2011 Act) and that an independent examination k8 needed. Hawng satisfied mysew that the charity is not SUbi￿t to an a￿lIt under company law and is digible for independent examination. it is my responsibilty to.. examine the a¢counls under Section 145 of the 2011 Act.. follow the prcLedures laid down in the generJ Directions given by the Charity Commiss￿n under Section 145151{bl of the 2011 Act- and slate whether partKukr matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examinatw vras carried out in ￿Ordance Imth general Direciions gNen by the Charity Commission. An examination ineludes a of the w)unting r￿rdS kept by the charity 8nd a comparison of the a¢¢ounls PTesented wth Ihose records. 11 also includes wn5ideration of any unusual items or disclosures In the accounts, and seeking expLanations from you as Irustees conceming any such matters. The Pr￿edureS undertaken do not provide all Ihe ewdence that woukj be required in an audit, and consgquentty no opinion is gwen as to whether the a￿untS present a Irue and fair arKI the report is llmiled lo those matters set out in the slatament bekMI. INDEPENDETr￿ EXAMINER'S STATEMENT In connection with my examination, Th) material matter has cthme to my attention.. 11 whth gives me reasonable cause to be￿8Ve that. in any matetial resp￿1. the requirements.. to keep a¢￿untIng records in accordance with sectKfft 386 to 389 of the C¢)mpanie5 Act 2006 and to Prepa￿ accounts which accord wth the accounting records. comply with the accounting requirements of Section 394 10 397 of the Companies Act and ¥￿th the methods and principles of the Statement of Recommended pract￿.. Accounting and Reporting by Charilies12nd edith)n) preparing their ￿Unts in accordan￿ wth FRS 102. have not been met.. or 21 to which, in my opin*Jn. attentv)n should be dra1￿ in order to enable a prcpor understanding of the accounts to be reac John Diffey FCCA Laconlca Llmited Charterfjd Certlfled Accountants Date.. 7th 0￿0mber 2022 25 Meades Lane, Chesham Buckinghamshlre. HP5 1ND Page 11 ## **THE WISH CENTRE LIMITED** ## **BALANCE SHEET AS AT 31 MARCH 2022** |**Notes**
**Fixed Assets**
Tangible assets
9
Intangible assets
10
**Current Assets**
Debtors
11
Cash at bank and in hand
Total Current Assets
**Current Liabilities**
Amounts falling due within one year
12
Total Current Liabilities
**Net Current Assets**
**Total Assets Less Current Liabilities**
**Funds**
Restricted income funds
14
Unrestricted Funds:
Designated Funds
15
Intangible asset fund
16
General Reserve
**Total Funds**|**£**
20,034
191,339|**2022**
**£**
**£**
1,282
5,719
57,517
172,371
229,888
48,278
48,278
190,089
197,090
£
85,143
40,000
11,959
69,966
111,947
197,090
£|**2021**
**£**
210
11,959
181,610| |---|---|---|---| ||211,373||| ||21,284||| ||21,284||| ||45,000
5,719
61,228||| ||||193,779
£| ||||71,854
121,925| ||||| ||||193,779
£| For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 Companies Act 2006 relating to small companies. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements under the requirements of the Companies Act 2006. The directors acknowledge their responsibility for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with. FRS 102. On behalf of the Board and signed on its behalf dated: 7th December 2022 ………………...…………………………. **Stefano Zammattio - Trustee** Page 12 ## **THE WISH CENTRE LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022** |**Unrestricted Restricted Total Funds**
**Notes**
**Funds**
**Funds**
**2022**
**£**
**£**
**£**
**Income and Expenditure**
**Incoming Resources**
Grants received
3
1,000
219,938
220,938
Education and training
-
-
-
Sundry Income
4,000
-
4,000
Meetings, conferences workshops and sessions
-
-
-
Voluntary income and donations
10,556
-
10,556
Donations in kind
1,500
-
1,500
Interest and investment income
4
19
-
19
**Total Incoming Resources**
17,075
219,938
237,013
**Resources Expended**
Direct charitable expenditure
5
16,784
203,368
220,152
Fundraising and publicity
6
6,490
2,200
8,690
Management, Governance and administration
7
3,779
1,081
4,860
**Total Resources Expended**
27,053
206,649
233,702
**Net Incoming/(outgoing) Resources**
(9,978)
13,289
3,311
**Reconciliation of funds:**
**Total funds brought forward at 1 April 2021**
121,925
71,854
193,779
**Total funds carried forward at 31 March 2022**
£111,947
£85,143
£197,090|**Total Funds**
**2021**
**£**
272,628
-
4,000
-
9,631
400
51| |---|---| ||286,710| ||256,308
10,009
4,687| ||271,004| ||15,706
178,073| ||£193,779| Page 13 ## **THE WISH CENTRE LIMITED** ## **SUMMARY INCOME AND EXPENDITURE STATEMENT FOR THE YEAR ENDED 31 MARCH 2022** |**Notes**
Income receivable (incoming resources)
Expenditure (resources expended)
**Net Surplus / (Deficit) for the year**|**2022**
**2021**
**£**
**£**
237,013
286,710
(233,702)
(271,004)
£3,311
£15,706| |---|---| Page 14 **THE WISH CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## 1 **Accounting Policies** ## a) **Basis of preparation** The **wïsh centre** financial statements are prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities (2nd edition) preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006 as applicable to companies subject to the small companies regime and the Charities Act 2011 . The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements have been prepared under the historical cost convention unless otherwise stated in the relevant accounting policy note. The accounts are prepared in sterling, which is the functional currency of the **wïsh centre** . The charity constitutes a public benefit entity as defined by FRS102. ## b) **Incoming Resources** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Voluntary income and donations are included in the financial statements on a cash receivable basis, except when the donors specify that they must be used in future accounting periods or donors' conditions have not been fulfilled. In these cases, the income is deferred. For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor(s) intention to make a distribution. Where legacies have been notified to the charity or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. Donated goods, income and services are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised. 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 as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Page 15 **THE WISH CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (continued)** ## c) **Fund Accounting** The charitable company maintains the following funds and reserves policies; **Unrestricted** - These are funds which can be used in accordance with the charity's objectives at the discretion of the Trustees. **Designated** - These are funds set aside by the Trustees out of unrestricted funds for specific future purposes. **Restricted** - These are funds that can only be used for particular purposes. Restrictions arise when specified by the donor. ## d) **Resources Expended** All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to each particular category. Where costs cannot be directly attributed to particular headings they are allocated to activities on a basis consistent with the use of those resources. Direct charitable expenditure represents costs incurred in meeting the objects of the charity. Management and administration costs are those incurred in connection with administration of the charity and compliance with its constitutional and statutory requirements. A full analysis of resources expended is given in the notes to the financial statements. ## e) **Tangible fixed assets and depreciation** Individual fixed assets are capitalised at cost. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows: Fixtures, fittings and equipment 25% reducing balance basis ## f) **Intangible assets** Intangible assets comprise an acquired website and development expenditure. Intangible assets are initially recognized at cost. Amortisation is charged on a straight line basis over the expected useful life of the asset, as follows: Website 3 years straight line basis ## g) **Pension costs** The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate. The employer's pension contributions are allocated to each fund based on the percentage of salary allocated to each fund. ## h) **Leases** Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Rental payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed. Page 16 **THE WISH CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (continued)** ## 2. **Share Capital** The company has no share capital. The liability of its members is limited to £10 each. |3.
**Grants**
Grants receivable were;
**Restricted:**
National Lottery
Harrow Giving Fund
Harrow Council - London Crime Prevention Fund
Harrow Council - LCPF Place Based Funding
BBC Children in Need
Young Harrow Foundation
John Lyon's Charity
John Lyon's Charity - Recovery Fund
City Bridge Trust
Mind in Harrow/Comic Relief
Brook Young People Funding
**Unrestricted:**
First Give Grant
City Bridge Trust
London Youth
Masonic Province of Middx Charitable Trust|**2022**
**2021**
**£**
**£**
-
9,960
-
28,047
35,000
25,000
6,648
-
39,978
39,436
-
11,750
30,000
69,470
50,000
-
23,500
46,550
30,812
25,240
4,000
-
1,000
-
-
11,525
-
650
-
5,000
£220,938
£272,628| |---|---| These grants, including local government grants from Harrow Council, are in respect of maintaining the existence of The WISH Centre, and to provide specialist services to enable it to achieve its objectives as described on page 4 onwards. |4.|**Interest and Investment Income**|**2022**|**2021**| |---|---|---|---| |||**£**|**£**| ||Bank interest received|£19|£51| Page 17 **THE WISH CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (continued)** |5.
**Direct Charitable Expenditure**
Direct project cost
Travel and subsistence
Staff salaries
Employers NIC
Employers pension contributions
Office rent, rates and associated costs
Staff training and development
Insurance
Volunteer expenses
Printing, postage and stationery
Equipment
Telephone
IT and office supplies
Membership and subscription costs
Cleaning
Other miscellaneous costs
**Total**
6.**Fundraising and Publicity**
Advertising and publications
Fundraising costs
Internet and website
Amortisation
**Total**
7.**Management, Governance**
**and Administration**
Insurance
Bank charges
Accountancy & legal fees
Management meeting expenses
Storage costs
Disposal of fixed assets
Depreciation
**Total**|**Unrestricted**
**Funds**
**£**
210
60
13,566
647
335
1,111
716
-
-
-
-
28
-
-
-
111
£16,784
**Unrestricted**
**Funds**
**£**
-
250
-
6,240
£6,490
**Unrestricted**
**Funds**
**£**
1,020
48
1,389
894
-
-
428
3,779|**Restricted**
**Funds**
**£**
6,485
4
157,761
15,238
6,651
11,870
1,473
437
51
151
275
1,503
1,107
362
-
-
£203,368
**Restricted**
**Funds**
**£**
182
-
2,018
-
£2,200
**Restricted**
**Funds**
**£**
-
102
979
-
-
-
-
1,081|**2022**
**Total**
**£**
6,695
64
171,327
15,885
6,986
12,981
2,189
437
51
151
275
1,531
1,107
362
-
111
£220,152
**2022**
**Total**
**£**
182
250
2,018
6,240
£8,690
**2021**
**Total**
**£**
1,020
150
2,368
894
-
-
428
£4,860|**2021**
**Total**
**£**
11,063
-
203,465
19,065
8,368
7,003
1,168
295
175
236
2,082
2,047
1,169
279
(79)
(28)| |---|---|---|---|---| |||||£256,308| |||||**2021**
**Total**
**£**
65
698
3,006
6,240| |||||£10,009| |||||**2021**
**Total**
**£**
1,077
120
2,947
83
390
-
70| |||||£4,687| Included under Accountancy and legal fees above are independent examination and associated accountancy fees of £1,950 (2021: £1,830) Page 18 **THE WISH CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (continued)** 8. **Staff Costs and Emoluments, trustee remuneration and expenses and the cost of key management personnel** |**personnel**||| |---|---|---| |Staff salaries
Social security costs
Employer pension contributions|**2022**
**£**
171,327
15,885
6,986
£194,198|**2021**
**£**
203,465
19,065
8,368| |||£230,898| One employee received employee benefits of more than £60,000. None of the trustees have been paid any remuneration or received any other benefits from employment with The WISH Centre Ltd or a related entity. No trustee expenses have been reimbursed in the year. The key management personnel of The WISH Centre Ltd comprise of the trustees and the Chief Executive Officer. The employee benefits of the key management personnel including employer's NIC, total £66,976.52 The average number of employees in the year were as follows: |Employees
9.**Tangible** **Fixed Assets**
Cost at 1 April 2021
Additions
Disposals
Cost at 31 March 2022
Depreciation at 1 April 2021
Charge for the year
Disposals
Depreciation at 31 March 2022
Net book value at 31 March 2022
Net book value at 31 March 2021|**2022**
**Number**
8|**2021**
**Number**
8| |---|---|---| |||**Fixtures,**
**Fittings and**
**Equipment**
**£**
5,644
1,500
-| |||7,144| |||5,434
428
-| |||5,862| |||£1,282| |||£210| Page 19 **THE WISH CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (continued)** |10. **Intangible Assets**
Cost at 1 April 2021
Additions
Disposals
Cost at 31 March 2022
Amortisation at 1 April 2021
Charge for the year
Disposals
Amortisation at 31 March 2022
Net book value at 31 March 2022
Net book value at 31 March 2021
11. **Debtors**
Trade debtors
Prepayments and accrued income
12. **Liabilities Falling Due Within One Year**
Trade creditors
Taxation, social security and pension contributions
Accruals and deferred income
Other creditors
**Deferred Income reconciliation**
Balance brought forward
Amount released
Amount deferred for the year
Balance carried forward|**2022**
**£**
15,398
4,636
£20,034
**2022**
**£**
680
3,774
16,830
-
£21,284
**2022**
**£**
38,588
-38,588
15,000
£15,000|**Website**
**£**
18,719
-
-| |---|---|---| |||18,719| |||6,760
6,240
-| |||13,000| |||£5,719| |||£11,959| |||**2021**
**£**
56,497
1,020| |||£57,517| |||**2021**
**£**
1,613
6,247
40,418
-| |||£48,278| |||**2021**
**£**
23,050
-23,050
38,588| |||£38,588| Monies invoiced under performance related grants have been deferred where appropriate. Page 20 ## **THE WISH CENTRE LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (continued)** ## 13. **Operating lease commitments** ## **Lessee** At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows: ||**2022**|**2021**| |---|---|---| ||**£**|**£**| |Amounts falling due within one year|2,860|3,462| |Amounts falling due after one year|-|-| A total of £11,724 was recognized as an operating lease expense in the period (2021: £7,013) ## 14. **Restricted Funds** |**Restricted Funds**
Harrow Council -
London Crime Prevention Fund
LCPF - Place Based Funding
John Lyon's Charity
John Lyon's Charity - Recovery Fund
BBC Children in Need
Harrow Giving Fund
Young Harrow Fundation
City Bridge Trust
Mind in Harrow/Comic Relief
Brook Young People Funding
**Total**|**Net transfer**
**Opening**
**to**
**Closing**
**Balance at**
**Income**
**Expenditure unrestricted Balance at**
**31-Mar-21**
**funds**
**31-Mar-22**
**£**
**£**
**£**
**£**
**£**
-
35,000
(35,000)
-
-
-
6,648
(6,592)
-
56
23,661
30,000
(24,373)
-
29,288
-
50,000
(21,460)
-
28,540
23,324
39,978
(40,043)
-
23,259
3,401
-
(3,401)
-
-
8,000
-
(8,000)
-
-
13,174
23,500
(36,674)
-
-
294
30,812
(31,106)
-
-
-
4,000
-
-
4,000| |---|---| ||£71,854
£219,938
(£206,649)
£0
£85,143| Restricted funds relate to grants received for specific expenditure which has not been fully utilised at the balance sheet date. ## 15. **Designated funds** Designated funds have been set aside by the trustees out of unrestricted funds as follows: |Development fund
Employment fund|**2022**
**£**
£5,000
£40,000
£45,000|**2021**
**£**
£5,000
£35,000| |---|---|---| |||£40,000| Page 21 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 (continued)** ## **THE WISH CENTRE LIMITED** ## 16. **Unrestricted intangible asset fund** The unrestricted intangible asset fund represents the costs of the The WISH Centre Limited's website funded out of a specific restricted income fund, less amortisation costs. Upon completion of the specific funding for the website development, the fund has been transferred to the unrestricted intangible asset fund in line with the terms of the grant. Amortisation charges expended through the SOFA are deducted against the unrestricted intangible asset fund. |SOFA are deducted against the unrestricted intangible asset fund.|| |---|---| |Unrestricted intangible asset fund b/f
Transfer from restricted fund
Reduction due to amortisation in the year
Unrestricted intangible asset fund c/f|_£_
11,959
-
(6,240)| ||5,719| ## 17. **Income from general donations, donated goods and donated services** We are very grateful to the many individuals and the organisations who have supported our work through donations and fundraising events, including: Middlesex Freemasons, Collette Foundation, Sacred Heart Language College, Hotpod Yoga, CBRE, Whitmore Road, London Metropolitan University and Fluido UKI Ltd ## 18. **Related party transactions** There were no related party transactions in the reporting period that require disclosure. ## 19. **Going concern** The Trustees consider that there are no material uncertainties about the ability of the Charity to continue as a going concern. In making this assessment we have considered the likely charitable conditions for a period of twelve months from the date of our approval of these accounts. Page 22