THE WISH CENTRE LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
Company Limited by Guarantee No. 05060450 Registered Charity No. 1125263
THE WISH CENTRE LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| Contents | Pages |
|---|---|
| Company and Charity Information | 1 |
| Directors' and Trustees' Annual Report | 2 - 5 |
| Independent Examiner's Report | 6 |
| Balance Sheet | 7 |
| Statement of Financial Activities | 8 |
| Summary Income and Expenditure Statement | 9 |
| Notes to the Financial Statements | 10-17 |
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 | Finley Harnett (Chair) |
| Stefano Zammattio (Treasurer until 10thSeptember 2024) | |
| Mahum Arif (Nikita Arif) | |
| Chloe Edis | |
| Alexis Watkins | |
| Stephen Engineer (Treasurer from 18th July 2024) | |
| COMPANY SECRETARY & | Rowena Jaber |
| CHIEF EXECUTIVE | |
| INDEPENDENT EXAMINERS | Critchleys Audit LLP |
| Beaver House | |
| 23-38 Hythe Bridge Street | |
| Oxford | |
| OX1 2EP | |
| 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 2024. 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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
-
make judgments and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice
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have been followed, subject to any material departures disclosed and explained in the financial statements;
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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 2024 are shown below. The Directors have no beneficial interest in the company.
Claire Kiely (Chair) – resigned 15/11/2023 Finley Harnett – Chair from 15/11/2023 Stefano Zammattio (Treasurer) Bankita Asher – resigned 15/11/2023 Chloe Edis Alexis Watkins Nicole Henry- resigned 18/07/24 Mahum Arif (Nikita Arif) - appointed 31/01/24 Stephen Engineer- appointed as Treasurer 18/07/24
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 2024:
Rowena Jaber - Centre Director and Chief Executive Hemita Patel - Finance and Administration Officer Kaira Hunjan - Lead Psychotherapist Gary Daines – Psychotherapist Deborah Sanderson - Digital Systems Manager Rina Patel – Integrative Counsellor Tarun Mattu – Marketing and Comms Ellen Nicholls -Youth Support Worker
External Clinical Supervision provided by:
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)
Over 100 children and young people age 12 -25 who self harm and are in distress accessed early intervention support through open ended Psychotherapy, Self harm Peer Support and Art Therapy Groups.
This year we noticed increased suicide ideation and children struggling with anxiety, coping skills and emotional resilience, particularly the mid-teens many of whom were living in family or care conditions that got worse since the pandemic.
There has also been a significant rise in disordered eating and young people with learning development needs struggling to access support services.
Overall, the number of self referrals (14+) and parent/carer referrals have continued to grow, and our work around the reduction of the CAMHS waitlist together with limited resources locally has resulted in significant referrals from health and other statutory agencies.
Young adults (18+) are increasingly being referred for support and the age group 16-25 years now comprise of over 50% of our service users.
Our Outcomes for young people continue to be excellent, with over 80% stopping or significantly reducing their self harm.
There is also a wider impact our community model made includes:
• Addressing inequalities – the project was successful in targeting young people from minoritised communities including NEET young people. There was a high number of non binary and trans young people, particularly in the Art Therapy groups which provided a safe, non judgmental and supportive space.
• Better identifying unmet need – through the provision of outreach we were able to successfully engage with young people who had not previously accessed services. We did this through printed and digital poster campaigns on social media and in colleges, GP surgeries, health clinics with QR self referral codes. Young people were able to access Art Therapy Groups and Psychotherapy.
• Improving equality of access to early intervention and engagement and navigation of support – the outreach digitally and in person meant a swift engagement.
Going forward we are planning to increase the number of peer support groups and art therapy on offer and adapt our psychotherapy model so we are able to meet the high demand for our services and support more young people.
Rowena Jaber
Centre Director
Page 4
THE MSH CENTRE LIIArrED DIRECTORS. AND TRUSTEES. ANNUAL REPORT (c¢)ntinwd) FINANCIAL REVIEW It is th8 policy of The WISH Centra Llmited (WISH) to maintain goneral unr8stricted reservés at a Jevel to ena0 the chartty to operate effectively. General unrestricted reseries represent funds ofthe Charity that are freely available, excludtng designated fu, reserved funds or funds invesled in fixed assets. The Trustees consider it prudentto work towards relaining general unrestricted reserves equivalent to three month's running costs lo enatle the charity to conlinue to provid8 s8rvicts at the present level. The trustees consider that reserves at this level are required due to.. . Risks associated with each in(xMne slream and expenditure beiv¥J drfferent from that budgeted plann& activty level. . Organisations commitments Reliability of Inc¢Jrne- continualion of any of the current unrestricted IrMe of WISH cannot be guaranteed. ' WISH'S strategic and operational pJan8 for the [n)ryd budgetary per arKI for the future y8ars. The ReseTves Policy will alk)w WISH". . Tlme to find and secure alternative fvThJirwJ. when an income stream drles w). To cover costs when Ihere are possible lats payments by funders. ' rime to negotiate possible affected staff and give the requlred notice period when a lack of funding could lead to staff redundanties. To meet un8XP8¢ted operational costs that may accumu18te throughout the year. To support pianned commttments or deslgnatlMs that cannot be met by future Incom8 alon8. Under the current reserves pollcy, the required level of reserves, based on 3 months of all costs for the year to 31st March 2024. is £55,500. The level of general unrestricted Teserves (not already deslgnated) at 31 March 202418 £54,159 (2023: £66,71n equivalent to 97.6% of the target. The Trustees hold funds in designated reserves speafic purposes. At 31 March 2024 the Trustees resolved to set aside funds of £5.0(M) (2023: £5.OCKI) in a Development Fund.. deslgnated f¢x websitel markets'nglfundraisingland traln5ng; and £67.000 (2023: £40.000) in an ErnoYMent Fund: designated to provide future funding for the Ch8Titys cwe posts If requlred and a provtslon foT addltional Costs of redundancy or skkness. The ¢aSculatlon of the requlred level of reseNes frs an Integrdl part of Iha organisthn's planning, budget and f<xecast cycle. The gtaternent of financial 8clivrtie3 net incoming resources forthe year of £220.527. The total restrth¢J funds and reserves at the balance sheet date. stood at £233,945 of which £107,786 were restrlcted ftfftds. £72,(XJ) wwe tjesw fixKls and £54.159 were uffeslrthd This report has been prepared in accordan with the speclal pr0vlsKrf relaliro to small companl8S within Part 15 of tha Companbes Act 2006. Approved by the board and slgned on its behall dated: St•ph•n Englnwr• Tr•asurnr 23 September 2024 Page 5
THE WISH CENTRE LIMITED
INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF THE WISH CENTRE LIMITED
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024 which are set out on pages 7 to 17.
Responsibilities and basis of report
As the charity’s trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (the ‘2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s report
Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
- (1) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
(2) the accounts do not accord with those accounting records; or
(3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
(4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Hannah Ormston CIPFA ACA Critchleys Audit LLP
Beaver House 23-38 Hythe Bridge Street Oxford OX1 2EP
Date: 3 October 2024
Page 6
THE MSH CENTRE UMrrED BALANCE SHEET AS AT31 MARCH 21124 Not•$ Flxed Assets Tangible assets 721 CurrentAssets Debtors Cash at bank and In hand Total Current Assests Current Uabllltle$ Amounts falllng due wlthln one year li Total Current Uabllltles 16.429 Net Current Assets 233.224 234458 Total Ass•ts Less Current Uabllltles Funds Restrlcted Income funds Unrestrlcted Funds-. Desl8nated Funds Genernl Reser4e 107,785 123.702 14 45.(XXJ 66,717 111,717 T¢JfAL FUNDS For the flnancial yearended 31Marth 2024 the company was entitledto exem7 from audit under sectlon 477 CompanlesArt relatln8tQ small companles. No memberof the companyhas deposlted a nati. pursuantto section 476. requiringan auditof these financial statements underthe requirements of the Companle5Art2(X The dlrectors acknowled8e theirrespon511I11ty forensurin8thatthe company keeps ac¢ountin8 records wh5ch comply wlth section 386of the Art and forpreparin8finandal 5tatementswhlchgive atrue and fair viewof the state of affalr50f the companyas at the end of the financial yearandof Its profltor Ios5forthe flnanclal yeartn accordance withthe reqUireMtsOf sections 394and 395 and wh¢th otheTrvise comply withthe requlremèntsof thèCompanlesAct2(K6 relatingtoaccounts. sofaras appllcabletothecompany. These flnandal statements have been prepared In accordance wlth the provlslorys applicableto companles subjectto the small companie5 regime wlthln Part15 of the CompanlesAct 2<Th and In aco)rdance with. FRS 102. On behalf of the Board and signed onits behalf dated: en Engineer Treasurer 23 September 2024 Page 7
THE WISH CENTRE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Notes Income and Expenditure Incoming Resources Grants Received 3 Education and trainings Sundry Income Meeting, conferences workshops and sessions Voluntary Income and Donations Interest and investment income 4 Total Income Resources Resources Expended Direct charitable expenditure 5 Fundraising and publicity 6 Management, Governance and administration 7 Total Resources Expended Net Incomong/(outgoing) Resources Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward at 1 April 2023 Total funds carried forward as 31 March 2024 |
Unrestricted Funds Restricted Funds 2024 Total Funds 2023 £ £ £ £ 10,000 193,410 203,410 262,862 - - - - 5,000 - 5,000 5,000 - - - 250 8,378 - 8,378 7,332 3,739 - 3,739 954 27,117 193,410 220,527 276,398 8,329 200,162 208,491 219,442 - 2,081 2,081 8,343 3,224 8,205 11,429 10,284 11,553 210,448 222,001 238,069 15,564 (17,038) (1,474) 38,329 (1,122) 1,122 - - 14,442 (15,916) (1,474) 38,329 111,717 123,702 235,419 197,090 126,159 107,786 233,945 235,419 |
|---|---|
Page 8
THE WISH CENTRE LIMITED
SUMMARY INCOME AND EXPENDITURE STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
| Notes Income receivable (income resources) Exenditure (resources expended) Net Surplus/( Deficit)for the year |
2024 £ 220,527 (222,001) (1,474) |
2023 £ 276,398 (238,069) |
|---|---|---|
| 38,329 |
Page 9
THE WISH CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
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 10
THE WISH CENTRE LIMITED
c) Fund Accounting
The charitable company maintains the following funds and reserves policies;
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Unrestricted - These are funds which can be used in accordance with the charity's objectives at the discretion of the Trustees.
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Designated - These are funds set aside by the Trustees out of unrestricted funds for specific future purposes.
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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) 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.
g) 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 11
THE WISH CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 (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: BBC Children in Need Bentley Wood High School Brook Young People Funding Harrow Council - LCPF Place Based Funding John Lyon's Charity John Lyon's Charity - Collaboration Fund John Lyon's Charity - Recovery Fund Mind In Harrow/ CNWL Mind In Harrow/ Heads Up Consortium Mind in Harrow/Comic Relief Young Harrow Foundation/Change Makers Young Harrow Foundation/CNWL Young Harrow Foundation/Family Hub Unrestricted: John Lyons Cost Of Living Uplift Children In Need Cost of Living Uplift |
2024 £ - 13,162 - - - 60,500 50,000 8,134 25,614 - 15,000 20,000 1,000 10,000 - 203,410 £ |
2023 £ 39,978 - 4,000 29,693 30,000 60,500 50,000 - - 25,191 - 23,000 - - 500 |
|---|---|---|
| 262,862 £ |
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 | 2024 | 2023 | |||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Bank interest received | £ | 3,739 |
£ | 954 |
Page 12
THE WISH CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)
| 5 Direct Charitable Expenditure Unrestricted Funds £ Direct project cost 106 Travel and subsistence 2 Staff salaries 6,545 Employers NIC 747 Employers pension contributions 868 Office rent, rates and associated costs - Staff training, development welfare and recruitment - Volunteer expenses - Printing, postage and stationery - Equipment - Telephone 55 IT and office supplies 6 Membership and subscription costs - Other miscellaneous costs - TOTAL 8,329 £ 6 Fundraising and Publicity Unrestricted Funds £ Advertising and publications - Fundraising costs - Internet and website - Amortisation - TOTAL - £ 7 Management, Governance and Administration Unrestricted Funds £ Insurance - Bank charges - Accountancy & legal fees 1,980 External Finance Function 850 Management meeting expenses 154 Depreciation 240 TOTAL 3,224 £ |
Restricted Funds £ 5,476 183 153,234 14,792 5,214 16,498 813 259 63 579 1,113 1,185 753 - 200,162 £ Restricted Funds £ 474 43 1,564 - 2,081 £ Restricted Funds £ 1,632 65 237 5,750 521 - 8,205 £ |
2024 Total 2023 Total £ £ 5,582 4,934 185 583 159,779 170,466 15,539 16,073 6,082 6,697 16,498 15,532 813 1,051 259 - 63 367 579 794 1,168 1,396 1,191 1,194 753 355 - - 208,491 £ 219,442 £ 2024 Total 2023 Total £ £ 474 723 43 - 1,564 1,901 - 5,719 2,081 £ 8,343 £ 2024 Total 2023 Total £ £ 1,632 1,598 65 64 2,217 2,983 6,600 4,950 675 368 240 321 11,429 £ 10,284 £ |
|---|---|---|
Included under Accountancy and legal fees above are independent examination and associated accountancy fees of £1,980 (2023: £1,800)
Page 13
THE WISH CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)
8 Staff Costs and Emoluments, trustee remuneration and expenses and the cost of key management personnel
| Staff salaries Social security costs Employer pension contributions |
2024 2023 £ £ 159,779 170,466 15,539 16,073 6,082 6,697 181,400 £ 193,236 £ |
|---|---|
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. Trustee expenses totalling £47 (2023: £107) 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 £82,993
The average number of employees in the year were as follows:
| Employees 9 Tangible Fixed Assets Cost at 1 April 2023 Additions Disposals Cost at 31 March 2024 Depreciation at 1 April 2023 Charge for the year Disposals Depreciation at 31 March 2024 Net book value at 31 March 2024 Net book value at 31 March 2023 |
2024 Number 6 |
2023 Number 8 |
|---|---|---|
| Fixtures, Fittings and Equipment £ 7,144 - - |
||
| 7,144 | ||
| 6,183 240 - |
||
| 6,423 | ||
| 721 £ |
||
| 961 £ |
Page 14
THE WISH CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
(continued)
| 10 Debtors 2024 £ Trade debtors - Prepayments and accrued income 2,167 2,167 £ 11 Liabilities Falling Due Within One Year 2024 £ Trade creditors 460 Taxation, social security and pension contributions 3,753 Accruals and deferred income 1,980 |
10 Debtors 2024 £ Trade debtors - Prepayments and accrued income 2,167 2,167 £ 11 Liabilities Falling Due Within One Year 2024 £ Trade creditors 460 Taxation, social security and pension contributions 3,753 Accruals and deferred income 1,980 |
2023 £ - - - £ 2023 £ 734 3,761 11,800 |
|---|---|---|
| Other creditors | 813 | 134 |
| Deferred Income reconciliation Balance brought forward Amount released Amount deferred for the year Balance carried forward |
7,006 £ 2024 £ 11,800 (11,800) - - £ |
16,429 £ 2023 £ 15,000 (15,000) 11,800 11,800 £ |
Monies invoiced under performance related grants have been deferred where appropriate
Page 15
THE WISH CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)
12 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:
----- Start of picture text -----
2024 2023
£ £
Amounts falling due within one year 1,083 3,250
- -
Amounts falling due after one year
A total of £14,083 was recognised as an operating lease expense in the period (2023: £15,532)
----- End of picture text -----
13 Restricted Funds
| Restricted Funds | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Net transfer | ||||||||||
| Opening | from | |||||||||
| Balance at | unrestricted | Closing Balance | ||||||||
| 31-Mar 23 | Income | Expenditure | funds | as at 31-Mar-24 | ||||||
| £ | £ | £ | £ | £ | ||||||
| Harrow Council LCPF- Place Based Funding | - | - | 1,122 | 1,122 | - | |||||
| Bentley Wood High School | - | 13,163 | - | - | 13,163 | |||||
| John Lyon's Charity | 33,120 | - | 27,961 | - | 5,159 | |||||
| John Lyon's Charity - Recovery Fund | 19,141 | 50,000 | 59,856 | - | 9,285 | |||||
| BBC Children in Need | 43,134 | - | 34,480 | - | 8,654 | |||||
| John Lyon's Charity - Collaboration Fund | 19,624 | 60,499 | 49,771 | - | 30,351 | |||||
| Young Harrow Foundation/Change Makers | - | 15,000 | 3,903 | - | 11,097 | |||||
| Young Harrow Foundation/Family Hub | - | 1,000 | 667 | - | 333 | |||||
| Mind in Harrow/Comic Relief | 8,531 | - | - | - | 8,531 | |||||
| Mind In Harrow/ Heads Up Consortium | - | 25,614 | 6,018 | - | 19,596 | |||||
| Mind In Harrow/ Young Harrow Foundation/ CNWL | - | 28,134 | 26,670 | - | 1,464 | |||||
| Brook Young People Funding | 152 | - | - | - | 152 | |||||
| TOTAL | £ | 123,702 |
£ | 193,409 |
£ | 210,448 |
£ | 1,122 |
£ | 107,785 |
Restricted funds relate to grants received for specific expenditure which has not been fully utilised at the balance sheet date.
14 Designated Funds
Designated funds have been set aside by the trustees out of unrestricted funds as follows:
| Development fund Employment fund |
2024 2023 £ £ 5,000 5,000 67,000 40,000 |
|---|---|
| 72,000 £ 45,000 £ |
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THE WISH CENTRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)
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.
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 17