REGISTERED COMPANY NUMBER: 06608112 (England and Wales) REGISTERED CHARITY NUMBER: 1125628
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
FOR
THE WEDNESDAY WORD LIMITED TRADING AS THE WEDNESDAY WORD TRUST
Harrison & Co Chartered Accountants
531 Denby Dale Road West Calder Grove Wakefield West Yorkshire WF4 3ND
THE WEDNESDAY WORD LIMITED TRADING AS THE WEDNESDAY WORD TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | ||
| Notes to the Financial Statements | 6 | to | 15 |
| Detailed Statement of Financial Activities | 16 |
THE WEDNESDAY WORD LIMITED TRADING AS THE WEDNESDAY WORD TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES Public benefit
The Charity provides educational and religious information for the benefit of schools, families and parish churches, predominantly in England and Wales but also free religious education resources for parishes internationally.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Objectives and policies
The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Cash flow risk
The charity's activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Credit risk
The charity's principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance.
Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06608112 (England and Wales)
Registered Charity number
1125628
Page 1
THE WEDNESDAY WORD LIMITED TRADING AS THE WEDNESDAY WORD TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025
Registered office
531 Denby Dale Road West Calder Grove Wakefield West Yorkshire WF4 3ND
Trustees
Mr D Firth Mrs S Firth Mr D Willis (deceased 24.5.25) Rev H Wansbrough Rev J T McGrath Mrs A M Blackburn (appointed 14.7.25)
Independent Examiner
Mr M J Stead Harrison & Co Chartered Accountants 531 Denby Dale Road West Calder Grove Wakefield West Yorkshire WF4 3ND
Bankers
Lloyds Bank Wakefield Westgate Westgate Wakefield West Yorkshire WF1 1JZ
Approved by order of the board of trustees on 24 February 2026 and signed on its behalf by:
Rev J T McGrath - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WEDNESDAY WORD LIMITED
Independent examiner's report to the trustees of The Wednesday Word Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2025.
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 statement
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:
-
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 records; or
-
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
-
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.
Mr M J Stead
Harrison & Co Chartered Accountants 531 Denby Dale Road West Calder Grove Wakefield West Yorkshire WF4 3ND
24 February 2026
Page 3
THE WEDNESDAY WORD LIMITED TRADING AS THE WEDNESDAY WORD TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025
| 2025 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 72 Other activities 3 - Investment income 4 23,497 Other income 17,145 Total 40,714 EXPENDITURE ON Raising funds Other activities 5 93,828 93,828 Other 4,960 Total 98,788 NET INCOME/(EXPENDITURE) (58,074) RECONCILIATION OF FUNDS Total funds brought forward 744,672 TOTAL FUNDS CARRIED FORWARD 686,598 |
2024 Total funds £ 72 73,887 18,747 (10,063) 82,643 135,385 135,385 5,162 140,547 (57,904) 802,576 744,672 |
|---|---|
The notes form part of these financial statements
Page 4
THE WEDNESDAY WORD LIMITED TRADING AS THE WEDNESDAY WORD TRUST
STATEMENT OF FINANCIAL POSITION 30 JUNE 2025
| Notes FIXED ASSETS Tangible assets 10 CURRENT ASSETS Debtors 11 Cash at bank CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds TOTAL FUNDS |
2025 Unrestricted fund £ 220,890 - 467,031 467,031 (1,323) 465,708 686,598 686,598 686,598 686,598 |
2024 Total funds £ 401,186 1,093 349,339 350,432 (6,946) 343,486 744,672 744,672 744,672 744,672 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 24 February 2026 and were signed on its behalf by:
Mr D Firth - Trustee
The notes form part of these financial statements
Page 5
THE WEDNESDAY WORD LIMITED TRADING AS THE WEDNESDAY WORD TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Charitable activities
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds,
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Individual fixed assets costing £100.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 6
continued...
THE WEDNESDAY WORD LIMITED TRADING AS THE WEDNESDAY WORD TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
1. ACCOUNTING POLICIES - continued
Basis of preparation
The Wednesday Word Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern or any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
Charitable activities - ongoing resource development, promotion and free distribution of religious eduction resouces
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.
Government grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
continued...
Page 7
THE WEDNESDAY WORD LIMITED TRADING AS THE WEDNESDAY WORD TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
1. ACCOUNTING POLICIES - continued
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity.
Financial instruments classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Debt instruments
continued...
Page 8
THE WEDNESDAY WORD LIMITED TRADING AS THE WEDNESDAY WORD TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
1. ACCOUNTING POLICIES - continued
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked
to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
Derivative financial instruments
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
continued...
Page 9
THE WEDNESDAY WORD LIMITED TRADING AS THE WEDNESDAY WORD TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
1. ACCOUNTING POLICIES - continued
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
2. DONATIONS AND LEGACIES
| Donations 3. OTHER ACTIVITIES Membership subscriptions 4. INVESTMENT INCOME Rents received Rental expenditure Deposit account interest 5. OTHER ACTIVITIES Purchases Staff costs Rent Sundries Travelling Expenses Postage and stationery Insurance Accountancy Trust Advice Telephone |
2025 £ 72 2025 £ - 2025 £ 19,475 (5,476) 9,498 23,497 2025 £ 1,835 82,598 6,519 - - - 457 1,978 144 297 93,828 |
2024 £ 72 2024 £ 73,887 2024 £ 32,104 (18,099) 4,742 18,747 2024 £ 9,698 114,350 7,007 716 359 580 424 1,048 704 499 135,385 |
|
|---|---|---|---|
continued...
Page 10
THE WEDNESDAY WORD LIMITED TRADING AS THE WEDNESDAY WORD TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
6. NET INCOME/(EXPENDITURE)
The expenditure heading has been updated to reflect the charity;s current activities in accordance with Charities SORP (FRS 102).
7. TRUSTEES' REMUNERATION AND BENEFITS
Trustees received no remuneration for their role as trustees. Amounts disclosed under staff costs relate solely to separate contracted work undertaken for the charity in accordance with its governing document, the Companies Act 2006, and the Charities SORP (FRS 102). No payments were made for trustee duties, decision-making, or governance responsibilities.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.
8. STAFF COSTS
9.
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Directors No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other activities Investment income Other income Total EXPENDITURE ON Raising funds Other activities Other Total |
2025 2024 £ £ 71,037 98,053 3,037 6,448 8,524 9,849 82,598 114,350 2025 2024 2 2 Unrestricted fund £ 72 73,887 18,747 (10,063) 82,643 135,385 135,385 5,162 140,547 |
|
|---|---|---|
continued...
Page 11
THE WEDNESDAY WORD LIMITED TRADING AS THE WEDNESDAY WORD TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
| 9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| £ | ||||
| NET INCOME/(EXPENDITURE) | (57,904) | |||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 802,576 | |||
| TOTAL FUNDS CARRIED FORWARD | 744,672 | |||
| 10. | TANGIBLE FIXED ASSETS | |||
| Fixtures | ||||
| Freehold | and | |||
| property | fittings | Totals | ||
| £ | £ | £ | ||
| COST OR VALUATION | ||||
| At 1 July 2024 | 400,000 | 7,215 | 407,215 | |
| Disposals | (180,000) | - | (180,000) | |
| At 30 June 2025 | 220,000 | 7,215 | 227,215 | |
| DEPRECIATION | ||||
| At 1 July 2024 | - | 6,029 | 6,029 | |
| Charge for year | - | 296 | 296 | |
| At 30 June 2025 | - | 6,325 | 6,325 | |
| NET BOOK VALUE | ||||
| At 30 June 2025 | 220,000 | 890 | 220,890 | |
| At 30 June 2024 | 400,000 | 1,186 | 401,186 | |
| Cost or valuation at 30 June 2025 is represented by: | ||||
| Fixtures | ||||
| Freehold | and | |||
| property | fittings | Totals | ||
| £ | £ | £ | ||
| Valuation in 2021 | 83,826 | - | 83,826 | |
| Valuation in 2022 | 60,000 | - | 60,000 | |
| Cost | 76,174 | 7,215 | 83,389 | |
| 220,000 | 7,215 | 227,215 |
continued...
Page 12
THE WEDNESDAY WORD LIMITED TRADING AS THE WEDNESDAY WORD TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
| 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Accrued expenses 13. MOVEMENT IN FUNDS At 1.7.24 £ Unrestricted funds General fund 744,672 TOTAL FUNDS 744,672 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 40,714 TOTAL FUNDS 40,714 Comparatives for movement in funds At 1.7.23 £ Unrestricted funds General fund 802,576 TOTAL FUNDS 802,576 |
2025 2024 £ £ - 1,093 2025 2024 £ £ - 5,428 663 888 660 630 1,323 6,946 Net movement At in funds 30.6.25 £ £ (58,074) 686,598 (58,074) 686,598 Resources Movement expended in funds £ £ (98,788) (58,074) (98,788) (58,074) Net movement At in funds 30.6.24 £ £ (57,904) 744,672 (57,904) 744,672 |
|---|---|
continued...
Page 13
THE WEDNESDAY WORD LIMITED TRADING AS THE WEDNESDAY WORD TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 82,643 82,643 |
Resources Movement expended in funds £ £ (140,547) (57,904) (140,547) (57,904) |
Resources Movement expended in funds £ £ (140,547) (57,904) (140,547) (57,904) |
|---|---|---|---|
| (57,904) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.7.23 £ 802,576 802,576 |
Net movement in funds £ (115,978) (115,978) |
At 30.6.25 £ 686,598 |
|---|---|---|---|
| 686,598 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 123,357 | (239,335) | (115,978) |
| TOTAL FUNDS | 123,357 | (239,335) | (115,978) |
During the years to 30 June 2021 and 30 June 2022 the freehold properties were revalued by Mr Roger Hall (FNAEA) of Richard Kendalls, this revaluation is showing in funds and will not be realised until any of the properties are sold.
continued...
Page 14
THE WEDNESDAY WORD LIMITED TRADING AS THE WEDNESDAY WORD TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2025.
Page 15
THE WEDNESDAY WORD LIMITED TRADING AS THE WEDNESDAY WORD TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025
| INCOME AND ENDOWMENTS Donations and legacies Donations Other activities Membership subscriptions Investment income Rents received Rental expenditure Deposit account interest Other income Gain on sale of tangible fixed assets Total incoming resources EXPENDITURE Other activities Purchases Wages Social security Pensions Rent Sundries Travelling Expenses Postage and stationery Insurance Accountancy Trust Advice Telephone Other Computer software costs Fixtures and fittings Total resources expended Net expenditure |
2025 £ 72 - 19,475 (5,476) 9,498 23,497 17,145 40,714 1,835 71,037 3,037 8,524 6,519 - - - 457 1,978 144 297 93,828 4,664 296 4,960 98,788 (58,074) |
2024 £ 72 73,887 32,104 (18,099) 4,742 18,747 (10,063) 82,643 9,698 98,053 6,448 9,849 7,007 716 359 580 424 1,048 704 499 135,385 4,979 183 5,162 140,547 (57,904) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 16