Charity re£isti'ation number 1145648 (England and Wales) UHY Company registration number 07836910 DREAMS AND WISHES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
DREAMS AND WISHES LEI GALAND ADMINISTRATIVE INFORMATION Trustees Ms B E Atkinson Mr J C CollingtK)urne Mr T Curtis MBE Chai'ity number (Englind and Wales) 1145648 Company number 07836910 Registered office Transport House I Cardiff Road Newport NP20 2EH Independent examinei. UHY Hackeryoung Bradbury House Mission Court Newport Gwent United Kingdom NP20 2DW
DREAMS AND WISHES CONTENTS Page Trustees rew)rt Indcpendenl examinePs report Statement of financial activities Balance sheet Notes to the financial statements 8-15
DREAMS AND WISHES TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2024 The trustees present their report and financial statements for the year ended 30 NOVemr 2024. The financial statements have been prepared in accordance willi Ihe 8¢WUllting policies set out in note I to Il)e financial statements and comply ivith the charity's governing document, the Compai)ies Act 2006 and "Accounting and Reporting by Charities.. Siatcnient of Recommended Practice applieablc to cliarities prepariiig their accounts in accordance with th¢ Financial Reporting Standard applicable in the UK and Republic of Irela]id (FRS 102) (cffective l January 2019)" Objectives and activitie5 The charity's obje¢tivcs are to support ¢hildren sufferin¢ from serious or life-threatening illncss and thc fainilies of those children by such charitable means as the Trustees see fit. In particular. but not exclusively. this can be achieved by gi'antiiig financial aid to those childrcn and the families of thosc children who have been referred to the cliarity by Do¢lors, Medi¢al Specialists, So¢ial Workers, Play Specialists, Local GP or Charity Ambassadors, by means of financial aid or oil)erwise to fulfil the dreanis and wishes of tlie children and their families wlio are sei'iously ill oi. have a life-threatening illne&s. The charity Creates special n)emories for both the children and tl)eir faniilies. The main aim of the charity 15 to fulfil Is¢S and create many smiles and happy lifelong tnemorie5 for the children and theii. families who find themselves in a very difficult position with a child who is seriously ill. This is extremely impoitant for the families and tlie children who are seriously ill or liave a life-threateiiing illness. The charity acliieves this by granting tl)eir wish, organising day trips and family events. As a cliarity we also l)elp tl)c fa]nilics by way of financial or moral support by such means as the Trustees see fit. This is achieved, but not exclusively, by granting financial aid or fulfilling the dreams or wishes those Children and their families that have been refei'red to the charity by a Doctor. Nurse, Socia] Worker or Play Specialist. Each wish request form 15 SUPPOrted by a letter from one of the following.. Consultani Doctor, Play Specialist, Play Worker, Palliative Care Nurse, Board Member or Ambassador to confimi that the cliild is sufferint from a serious or life-tl)reatening illness. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activitie5 the chaiity should undertake. Volunteers As a charity we are extremely lucky to have a tcam ofdedicatcd volunteers that are not paid any salary oi. expenses for the eoiintless hours they dedicate lo making dreams and wishes come true for seriously ill cliildren theii. faTnilies. Without our team of volunteers. we ivould Iiot be able to acliieve this. There are four volunteers tliat go above and beyond for the charity PLitting in at least 25-30 hours per week, they arc Tony Curtis MBE Dia]e Evans, Karen Tossell and Wei)dy Hobbs. It is unusual for a charity to have four volunteers willing to put in so many l)ouis wiihoul being paid a salary or expenses. The charity has now been established just over 13 years and not one penny has been paid in salaries or expenses to anyone. Special thanks go to an amazing tnum Sarah Gi'iffiths, who lost her daugl)ter Daisy 8 years ago. In Daisy's le¢*acy. Saral) and lier family have rdised over £120.000 for the charity over tl)e last 8 years. We would like to take this OprtUnIty to thank all ovr volunteers for their challenging work, dedication, and support throughout the year.
DREAMS AND WISFIES TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Achievements and performance In this financial ycar, the charity has managed to fulfil hundreits of dreains and wishes and create life-long meinories for children and their families who find thei))selves facing a serious illness. As a charity we have orgaiiised n)any family day trips and events wliere families could all get togetl)er and enjoy creating special mcmorics. Tjie charity arranged trips to West Midlands Safari Park for tlie children and tlieir families tliis year, we also arranged faniily parties and events al Insole Court. We were also still Able to grnnt hundred5 of wishes and provide support to the childi'en and their families. Some of the wishes granted during 2024: Ninlendo swil¢h¢s Holidays to Bluestone Garden Play Equipment Plane rides Rugby tickets and hospitality Lunch with the Welsh Rugby team Sensory equipmeiit Gaming computers I-pads Centre Parcs holiday Mountain Bikes Cai'diff Devils tickets and VIP experience Arsenal tickets and meet & greet Trips to Harry Potter Studios Legoland Peppa Pig World Longleat VIP Experience A VIP Day out to meet the teani of Red Arrows Horse and Carriage 100 people saw the pantomime Peter Pan During 2024. the charity has continued to bring happiness and create special nieniories for seriously ill Childrcn and their families by gi'anting wishes. Sadly, some of the childien we support have very short lives. therefore it is important for us as a chai'ity to be able to Iielp Ilie familie5 to cat¢ life-long nieniories lo trca5ure. We held a Christmas party at Insole Court for ¢hildren and their families attended by the Welsh Guards. The 12ueen's Dragoon Guards and Fatlier Christnias. We supplied over a thousand Easter eggs to hospitals in 2024 to be given to all children attending an outpatient's appointment or staying in hospital over Easter.
DREAMS AND WISHES TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORD (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Our visit to London ll1 ahead this year where we took 14 children lo the House of Commons to have lunch with Mr Speaker and Lady Hoyle. We had a visit from Santa who gave each child a sack full of presents. The diildren all then went on the London Eye beforc stopping for a meal on the way home. In 2023 w¢ were kindly gifted ) propcrtiC5 in Florida by Dial a Drcam Charity- We sold those properties and witl) the proceeds we purcliased a luxury lodoe at Dylan Coastal Resorts in Lauohame Carn)artliensl)ire overlooking t])e estuary. The lodge has 3 bedrooms one with an en-suite bathr(M)m, a fitted kitchen, a fully accessible family bathroom. TVS in every bedroom and a hot tub and BBQ on tl)e terrace. The resort also ha5 a rcstaurant, spay W)ol aiid gyii) facilities and is close to Folly Fami, Bluestone and Teiiby. After completing the purcl)ase in May 2024, we have had 18 fatnilies wilh a seriously ill child visit the lodge for a week's break. these families have all enjoyed a much-needed rest away frotii hospital appointments. treatments and hospital stays. We have now extended this offer of a break at the lodge to families that have sadly lost their child. Oltr Christmas visits lo hospiials in South and Wesl Wales went al)ead in 2024. We were able to enter the hospitals tl)is yeai. along with Father Christmas, Welsh Guards, The Queens Dragoon Guards, and volunteeis wherc wc wci'e able to hand presents to all cl)ildren in hospital on that day and left bags of presents with the nurses to able to distribute all over the Christmas period. Financial revieiv During the year the cliarity's incomino resources amounted to £195,329 (2023 £1,075.211). resources expeiided amounted 10 £121,071 (2023 £202,294) and other gainsl(losses) amounted to a £3,825 loss (2023 - £26.803) resulting in a surplus for the period of £70.433 (2023 - £846,114). All income and expenditure in both the current and prior year are unrestricted. As at 30 November 2024 the charity's reserves totalled £1,373,543 (2023 £1.303.110) consisting wholly of unrestricted reserves. Reserves Policy It is the policy of the charity that uiirestricted funds which have not been designated for a specific use should be maintained at a specifi¢ level bchveen three and six month's expenditure. The tTUSte¢s considcrs that reserves at this level ivill ensure that. in the event of a significai)t drop in fundiii& they iyill be able to continue tlie cliarity's cuiyenl activities whilc consideration is given to ways in which additional funds may be raised. Tliis level of reserves has been maintained LIoUghoUt the year. The reserve policy for tlie charity is that when the bank account registers £IO.000 or less wisl)es would be liinited to £100 per wish. If the cash reserves fall as low as £5.000 wishes would be limited to £50 per wish. The charity would like to thank the following organisation5 for donating services during this period. Without their SLlPPOrt and comtnitmcnt, wc iyould not have been able to grnnt as many dreatns and wishes and ci'eate as niany special meniories for the children and tlieir faniilies. Gifted donations during 2024 Atkinsons Properties- oifice space. electricity, heating and support Storage Group- stordge and support Ha5bro Toys- supplying gifts Kids Out- pantomime tickets Thames Valley Construction- Inaintenancc at Heath Park Easter eggs donated Real SFX, MSRT. Source Insurance, UHY Staybridge Suites- rooins for guests and Ineetings Mainline Coacl)es Thanies Valley Constructions - toys Cardiff Devils donation of ciiddly toys £13,000 £15,000 £15,000 £ 2,000 £15,000 £ 1,000 £ 4.000 £ 3,000 £ 1,000 £ 3.000 Total £72,000
DREAMS AND WISHES TRUSTEES REPORT (INCLUDING DIREcfoRS' REPORT) {CONfiNUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Risk Management The trnstees has assessed the major risks to which the ¢liarity is exsed. and are satisfied that systems are in place to mitigate exposure to the major risks. All Iruslees and board members are aware of GDPIL advice lias been received from the ICO and tlie charity is fully compliant. This is achieved by.. Regular monthly tncctings of the trnstees in person and vi& 200m Quarterly reviews by at least two trustees of all paynients made and monies received Monthly meetings in person and via 200m to agree ivherc money is spent Regular phone call and contact between trustees GDPR discussed at nionthly ix)ard meetings Future Plans Dreaiiis and Wishes will continue to maintain the Celebrdtion of Lifc Garden at Heath Park and the bench that has been iiistalled at Roaih Park. We ivill also continue lo maintain the lodoe in Carniarthenshirc. The cliarity will continue to supply hospitals with gifts for the-I have been brave" iKbxes on the children's wards in hospitals throuohout the year.. The charity will continue lo organise family events. days out and parties. Wislics will still be delivered directly to the children at home where necessary but are also being delivered in person wherever wssible. We will continue to supply Easter Eggs. toys, and craft supplies to the hospitals. Structui'e? governance and management Goveriiing doeumeilt The charity is controllcd by ils governino documenL a deed of In1. and constitut&s a limited company. limited by guaranlcc as defined by the Companies Act 2006. The trustccs, who are also the directors for the prse of company law, and who served during the year and up to the dale of signature of the financial statements were- Ms B E Atkinson Mr J C Collingbouine Mr T Curtis MBE Tlie day to day management of t]ie ¢harity is delegated lo Mr T Curtis MBE and two volunteers. Induction and training of new trustees A Trustee will only be elected once he or she has shown considerable interest in the charity by working as a volui)teer for at least one year. No new TrLlStee will be appointed unless they sliow a willingness to work witl) tlie cliildi'cii and their families and help lis as a charity lo fulfil wislies and ¢reate nien)ories. Aiiy new Trustee will be appointed by a majority vote of Ihc cxisting tntees. Each trustee received continual and ongoing trnining by r¢8ular meetings on compliance and govemance with guidance froiii the Cliarities Commissioii. The Truste rt was approved by the Board of Trustees. MrTCurtis MBE Trustee Datcd..
DREAMS AND WISHES INDEPENDENT KXAMINER'S REPORT TO THE TRusfEES OV DREAMS AND WISHES I report to the trustees on my examination of the financial statements of Dreams and Wishes (the diarity) for the year ended 30 November 2024. Responsibilities and basis of report As tl)e Irllstees of the charity (and also its directors for the purwses of company law). you are responsible for the prepardtion of the financial statements in accordance with the requirements of the Companies Act 2006. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examinalion. I report in respect of my examination of the cliaj'ity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity CommAssion under section 145(5)(b) of tlie Charities Act 2011. Independent examiner's statement I have completed my examination. I confirm th no mailers have come to my attention in connection with the examination giving me cause to believe that in 8ny material respect= accounting records were not kept in respect of the cliarity as required by se¢tion 386 of the Companies Act 2006. the financial statements do not accord with those records- or the financial statenients do not comply wit]) the accounting requirements of section 396 of tlie Coii)panies Act 2006 other than any requirement that the financial statements give a true and fair view. which is not a matter considei'ed as part of an independent examination- or the financial statements have not been prepared in accordaiice with the niethods and principles of the Siatenient of Reeoinmended Pra¢li¢¢ for accounting and rew>rting by charitiC5 applicablc to charities preparing theii. financial stateinents in accordance with thc Financial RetK)rtino Standard applicable iii tlie UK and Republic of Ireland (FRS 102). I have no concems and have come across no other matters in eonneciion with the examination to which attention should be drawn in this re)rt in order to enablc a proper understanding of the financial statements to be reachcd. UHY Hackeryoung Bradbury House Mission Court Newport Gwent NP20 2DW United Kinodoni Date..
DREAMS AND WISHES STATEMEf4T OF FINANCIALAcfIviTIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2024 Unrestricted funds 2024 Unrestricted fuiids 2023 Notes Ineome and endowments from: Donations and legacies Other trading activities Investments Other income 113.454 73.452 8.423 1,030,729 36,328 2.144 6.010 Tot#1 income 195,329 1.075.211 Expenditure on: Raising funds Charitable activities 23,632 97.439 38.983 163,311 Total expenditure 121.071 202,294 Net income 74,258 872.917 Other reeognised gains #nd losses: Other losses 12 (3.825} (26.803) Net movement in funds 70,433 846.114 Reconeiliation of funds: Fund balances at l December 2023 1.303.110 456,996 Fund balances at 30 November 2024 .373.543 1,303,110 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive froni continuing activities.
DREAMS AND WISHES BALANCE SHEET AS AT 30 NOVEMBER 21124 2024 2023 Notes Fixed assets Intangiblc assets Tanoible assets Investment property 13 14 15 960 694 540.000 1,256 1.140 813,952 541.654 816,348 Cui'iynt assets Debtors Cash at barkk and hand 16 6.036 828,338 8,836 500,068 834J74 508,904 Creditors: Amounts falling due within one year 17 (2,485) (22,142) Net current assets 831,889 486.762 Total Assets less curitnt liabilities 1,373.543 IJ03,110 Net Assets excluding pension liability 1,373.54J IJ03,110 The funds of the charity Unrcstrictcd funds .373.543 I J03,110 1.373,543 I J03,110 Tl)c company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the yeai. ended 30 November 2024. The directors acknowledge their r¢SnsIbIlitieS for complying iyith the requirem¢nts of the Companies Act 2006 with respect to accounting records and the prepardtion of financial ststements. The menibers have not required the company to obtain an audit of its financial statenieiits for the year in question in accordancc willi sc¢lion 476. These financial statements have been prepared in accordance with the provision5 applicable to companies subject to the sinall coiiipanies regime. The finaiici £Tr1.4zr statements were approved by the tntstees on ......................... Mr T Curti5 MBE Trustee Company I'egistration nuiDber 07836910 (England and Wales)
DREAMS AND WISHES NOTESTOTHE FINANCIALsfATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 Accounting polieies Chai'ity information Dreains and Wishes is a private company limited by guardntee incorpornted in England and Wales. The registered office is Transport House. I Cardiff Road. Neivport, NP20 2EH. 1.1 AccouiitTng eouventio Thc fii)ai)cial stateincnts have been prepared in accordance with the charitys governing document, the Compaiiies Act 2006 and "Accounting and Reporting by Charities: Stalement of Recommended Practi¢e applicable lo cliaritics preparing tl)eir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IrelatEd {FRS 102) (effective l January 2019).. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the prnvisions in the SORP for charities applying FRS 102 Update Bulletin I not lo pr¢pare a Statement of Cash Flows. The financial stalements are prepared in sterlin& which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £ The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concern At tlie tin)e of approving the financial statements. the tnjstees have a reasonable expectation that tlie cl)arity has adcquate resources to continue in operational cxistcnce for the foreseeable future. Thu5 the trustees conlinue to adopt tlie going concern basis of accountino in preparing tlie financial statenients. 1.3 Chai'itable funds Unrestricted funds are available for use at the discretion of the trnstees in furtherdnce of their charitable objectives. 1.4 Ineome Income is recognised when the charity is legally entitled to it after any perforn)ance conditions have been me( the aniounts can be measured reliably. and it is probable that income ivill be received. Cash donations are recognised on receipL Other donations are recognised once the charity has been notified of the donation, unless perfomjancc conditions require deferrnl of thc amount. Income tax recoverdble in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, tlie amount is known, and receipt 15 expected. If the amount is not known, the legacy is treated as a contingent asset. Donated professional seryi¢es and donated facilities a recognised as income wlien the charity has control over the item oi. received the service. any conditions &ssociated with the donation have been mel. the receipt of economic benefit froni the use by the charity of ihc ilein is probable and that ecoiiomic beiiefit can be measured reliably. In a¢¢ordance with the Charities SORP (FRS 102). volunteer Lime is not re¢ognised so please iefer to thc trustccs, annual report for more infomiation alK)Ut their contribution. On receipt, donated gifts, professional services and donated facilities are recognised on the basis of tlie value of the gift to the charity which is the amount the charity would havc been willing to pay to obtsin services or facilities of eqiiivalent economic benefit on the open market. a corresponding amount is then recognised in expenditure in the period of receipt. Iiiconie from grants, whether ¢apitMI grants or revenue grants is recognised when the cliarity has entitlement to the funds, any performaiice conditions attached to the grants have been met. it is probable that the ineojne will be received and tlie ainount can bc iiieasurcd Tcliably and is not d¢fetTCd.
DREAMS AND WISHES NOTES TO THE FINANCIAL STATEMENTS (Cor1ruED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Aceounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. it is pi'obablc that settlement will be required and Il)e amoutit of the obligation can be measured reliably. All expenditure is recognised on an accrual basis. Expenditure is classified under the following activity headii)gs: Cost of13ising funds comprise the costs in relation to generating income sucli as fundiaising aclivities. Expenditure on charitable activities includes all costs relating to the furthcrance of the charityls objectives as stated in the Triistees Report Support costs are those functions that assist tlie work of the charity but do not directly undertake charitable activities. Supwrt costs include office costs and governance costs. Govemance costs compi'ise all costs involving the public accountability of tlie cliaritable trnsl and its compliance with regulation and good prnctice. Irrecoverdble VAT is charged as a cost against the activity for which the expenditure was incued. Grants payable payments are made to third parties in the furtherdnce of the charitable objectives of tl)e cliarilable objectives of the charity. The expenditure is recognised when the Commitment is communicated to the recipient. Grants offered subject to conditions which have not been met at the year end date are noted as a commitmeiit but not acci'ued as expenditure. The costs associated with donations of £l1.413 (note 6) includes £9,188 ftir dollars purchased to cover utility bills and tnaintenaD¢e for the donated properties. The properties were sold in Decenibcr 2023. 1.6 Iiitaiigible fixed assets other than goodivill Intangible assets acquired separately froin a business are recognised at cosl and are subsequently measured al cost less accumulated amortisation and accumulated impairnient losses. Intangible assets acquired on business combinations are rrcognised separately from goodwill at the acquisition date where it is probable that the expectcd future economic benefits that are attributable to the asset will flow to thc entity and the fair value of the asset can be measured reliably. the intangibl¢ asset arises from contractual or other legal rights- and die in)gIbLe asset is separable from the entity. Amortisation is recognised so &s to write off the cost or valuation of assets less their residual values over tlieir uscful lives on the following bases: Website costs 5 yeats 1.7 Tangible fixed a55ets Tangible red &ssets are measured at cosL net of depreciation and any impaimient losses. Depi'eciation is recogniscd so as lo write off the cost or valuation of &ssets less their residual values over theii. useful lives on the followino bases= Plant and equipment Computers 25Yo on cost 33Yo on c05t 1.8 CAsh and eash equivalents Casli and cash equivalents include casli in hand, deposits held at call with banks, other short-temi liquid investments with originAI maturities of three months or less. and bank overdrafts. Bank overdrdfts are shown witliin bonowings in current liabilities.
DRIAMS AND WISHES NOTESTO THE FIIYANCIALsfATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Accollntlng policies (Continued) 1.9 FinaneigLI instruinents The charity only has financial assets and financial liabilitiC5 of a kind that qualify as basic financial instruments. Basic financial instruments are initially regniSed at transaction value and subsequently measured at their 5ettlcment value. 1.10 Taxation As a registered charity, Dreams and Wishes is entiiled to the exemption from taxation in respect of iiicome and capital gains received within section 479-489 of the Corporation Tax 2010 and in section 256 of the Taxation of Cl)argeable Gains Act 1992 to the ext¢nt that th&se are applied to its ¢h8ritable object purposes onty. No ¢harge have arisen in the Charilable Company. 1.1 l Employee benefits The ¢osl of any unused holiday entitlement Is recognised in the period in which the employee's servi¢¢s are received. Tennination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate thc employment of an eniploycc or to provide ten)iination benefits. Donations and legacies Unrestricted Unrestricted fund5 funds general genci'al 2024 2023 Donations and gifts Donated goods and services 113.454 953,229 77.500 Ineome from other trading actiYitie$ Unrestrieted Unrestricted funds funds 2024 2023 Fiindraising events 73.452 36,328 Income from investments Unrestricted Uniestricted fllnds fuiids 2024 2023 Interest receivable 8,423 2,144 10-
DREAMS AND WISHES NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Othei. income Unrestricted Unrestricted funds funds 2024 2023 Net gain on disw)sal of tangibl¢ fixed &8sets 6.010 Kxpenditllre on raising funds Unrestrieted Unrestricted funds funds 2024 2023 Raising donations and le£2eies Staging fundraising events Fundraising agents Advertising 10.306 11.442 1.884 3,337 28,005 7,641 23,632 38,983 Costs associated with donations includes £3.825 for foreign exchange f¢es. Expenditure on charitable activities Charitable orrice aetivitiessupport e(bsts Total Charitable Office ctivitiessupport Costs 2023 2023 Totsl 2024 2024 2024 2023 Direct costs Depieciation and inipairment Woi'king with children witli life-tlireathening illness 446 446 716 716 86256 7.635 93.891 154.250 6,139 160.389 86.702 7,635 94.337 154,966 6.139 161.105 Share ofsupport and governance costs (see note ) Support 296 Governance 296 2,806 222 222 1,984 2.806 1,984 86,998 10.441 97,439 155,188 8,123 163,311 AnAlysis by fund Uni'esti'icted funds 86,998 10.441 97,439 155,188 8.123 163,311 Siipport costs consist of rent, printing. stationery. insurance and bank charges. 11
DREI AMS AND WISHES NOTES TO THE fiNANCIAL STATEMENTS (CONTif4UED) FOR THE YEAR Ef4lDED 30 NOVEMBER 2024 Expenditure on charitable activities (Continued) Governaiice costs includes payments to the independent examinc¢s fees of £2.806 (2023 - £1.968) for independent examination fees. Net movement in fund$ 2024 2023 The net movement in fvnds is stated after chargingl(crediting): Fees payable for the indep¢nd¢nt examination of the charity'5 financial statements Depreciation of owncd tangible fixed assets Lossl{profit) on disposal of tangible fixed assets Amoitisation of intangiblc assets 2,806 446 1.984 716 (6,010) 222 296 Trustees Noiie of thc trustees (or any p¢rson$ connected with them) received any remuneralion or benefits fM the charity during the current or prior year. There were no trustees exp¢ns¢s paid during the current or prior year. 10 Employees Th¢ average monthly number of employees during the year was: 2024 Number 2023 Number Total There were no employees whose annual remunerntion was more than £60,000. Remuneration of key management personnel Tlie remuneration of key management personnel was follows= 11 Taxation Tlie charity is exempt from taxation on its activities because all its incomc is applied for charitable purposes. 12 Otlier gains and losses Unrestricted Unrestricted fuiids funds 2024 2023 Gainsl{losses) upon- Foreign exchange {3,825) {26,803) 12-
DREAMS ATr4D WISHES NOTES TOTHE FINANcIALsTATE]ENTs (CONTINUED) FOR THE YKAR ENDED 30 NOVEMBER 2024 13 Intangible fixed assets Website costs Cost At l December 2023 and 30 November 2024 1,478 Amoitisation and inipairnient At l Deccinber 2023 Aiiiortisation charged for the year 222 296 At 30 Novetllber 2024 518 CRriyiug amount At 30 November 2024 960 AI 30 Noveniber 2023 1.256 14 Tangible fixed assets Plant And Computers equipment Total Cost At l December 2023 1.750 847 2,597 At 30 November 2024 1.750 2,597 Depreciation #nd imp2iiThent At l December 2023 Depreciation cl?arged in the year 619 437 838 1,457 446 At 30 November 2024 .056 847 .903 Cai'rying amount At 30 November 2024 694 694 At 30 Noven)ber 2023 1,140 15 Investment property 2024 Fair value At l December 2023 Additions tlirougli external acquisition Disposals Foreign currency adjustments 813.952 540,000 (810,127) {3.825) At 30 November 2024 540.000 13-
DREAMS AND WISHES NOTES TO THE FINANCIAL STATEI*lEis (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 IS Investment property (Continued) The valuatioii was made on an open market value basis by reference to market evidenc¢ of transaction prices for similar pmperties. 16 Debtors 2024 2023 Amounts fglling due within one year: Prepayments and accrued income 6.036 8.836 17 Ci'editors: amounts falling due within one year 2024 2023 Other Creditors Accruals and deferred income 380 21,762 2,485 2,485 22,142 18 Unrestricted funds The unrestricted fitnds of the charity comprise the unexpended balances of donation5 and gtynts whicli are not subject to spc¢ific conditions by donors and grdlltors as to liow tl)ey niay bc used. These include designated funds which liave been set aside out of unrestricted funds by the trustees for specific purposes. At l December 2023 Incoming resources Resources expended Gains and losses At30 Novembei. 2024 General funds IJ03,110 195.329 (121,071) (3.825) 1,373,543 Previous year: At l Deeember 2022 Incoming resource5 Resouiies expended Gains aDd losses At30 Novembei- 2023 General funds 456.996 .075.211 (202.294) {26,803) 1.303,110 14-
DREAMS AND WISHES NOTES TO THE FINANCIALsfATEMENTS (CONTINUED) FOR THE YEAR KNDED 30 NOVEMBER2024 19 Analysi5 of net assets between fullds Unrestricted funds 2024 At 30 November 2024: Intangible fixed assets Tangible assets Investment properties Curi'ent asset51{liabiliti¢s) 960 694 540,000 831,889 1.373,543 Unrestricted funds 2023 At 30 November 2023: Intangible fixed assels Tangible assets Investment properties Current assetsl(liabilities) 1,256 1,140 813.952 486,762 1,303.110 20 Related party transactions There were no disclosable related party tranStionS during the current or prior year. 15-