**Charity number: 1161504** 

## **WE MIND THE GAP** 

**TRUSTEES' REPORT AND FINANCIAL STATEMENTS** 

**FOR THE PERIOD ENDED 31 MARCH 2025** 




## **WE MIND THE GAP** 

## **CONTENTS** 

||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 12|
|**Independent examiner's report**|13 - 14|
|**Statement of financial activities**|15|
|**Balance sheet**|16|
|**Statement of cash flows**|17|
|**Notes to the financial statements**|18 - 36|





**WE MIND THE GAP** 

## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 MARCH 2025** 

|**Trustees**|Kathleen Campbell (also known as Karen Campbell-Williams), Chair|
|---|---|
||Rachel Clacher|
||Emma Degg (resigned 12 December 2024)|
||Louise Gatenby|
||Karen Jones|
||Kirsty Rogers|
|**Charity registered**<br>**number**<br>1161504<br>**Principal office**<br>Ty Avow<br>21 Egerton Street<br>Wrexham<br>LL11 1ND<br>**Patron**<br>Sir John Timpson<br>**Chief executive officer**<br>Ali Wheeler<br>**Accountants**<br>WR Partners<br>Chartered Accountants<br>Belmont House<br>Shrewsbury Business Park<br>Shrewsbury<br>Shropshire<br>SY2 6LG<br>**Bankers**<br>HSBC<br>PO Box 68<br>130 New Street<br>Birmingham<br>West Midlands<br>B2 4JU||



Page 1 



**WE MIND THE GAP** 

## **TRUSTEES' REPORT FOR THE PERIOD ENDED 31 MARCH 2025** 

The Trustees submit their annual report together with the unaudited financial statements of the Charity for the period from 1 May 2024 to 31 March 2025. The financial statements have been prepared in accordance with the accounting policies, set out in note 2 to the financial statements and comply with the Charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice (second edition) and Financial Reporting Standard FRS 102. 

Legal and administrative information, set out on page 1, forms part of this report. 

The Trustees have changed the financial year end of the Charity to 31 March, using the powers accorded to them in the governing document.  This brings the year end into line with the main grant providers, facilitating the reporting process. Therefore this set of accounts covers a period of 11 months, rather than the usual year and the comparative figures in the financial statements and notes will not be fully comparative. 

## **Objectives and activities** 

## **a. Policies and objectives** 

Cost of living, poverty, neglect, broken homes, a challenged education system, a complex benefits system, third generation workless households and the ongoing after-effects of the pandemic have culminated in a generation of forgotten young people with few aspirations or opportunities, and who are emotionally and neurologically immature. These problems manifest themselves in many young people living in poverty, unable to lead independent lives, with little aspiration, confidence or real choices in life and work.  Covid lockdowns hit young people hard and many are reporting isolation, loneliness, lack of friendships and a sense of belonging as their primary concern, all of which is exacerbated by the on going cost of living crisis. 

Our vision is a world in which every young person feels they belong, can thrive, has the maturity, independence, aspirations and skills to have real choices in life and work. 

Our mission; Harnessing the power of communities, we walk alongside young people with love, care, and curiosity, offering new life opportunities and ongoing support. 

This is not about CV writing workshops and tea and toast for poor unfortunates…or ticking boxes… This is about delivering real and lasting change for young people who deserve better. This is social mobility in action. 

## **WeMindTheGap core values** 

Compassion & Care – The encouragement, reassurance and genuine care we extend to every individual is fundamental to them developing the confidence to explore their choices in the world. 

Connectivity – We build positive relationships with and between our young people and the world to create their rightful place within a meaningful community. 

Constancy – We are always here and always will be: people and places of safety who keep our promises and provide the support, challenge and care that our young people deserve. 

Commitment – We will go to the ends of the earth to make sure that our young people have the wherewithal to be ‘pilots of their own lives’. 

Confidence – We believe absolutely in our vision, our model and the impact we deliver. 

Curiosity – We ask ‘why’ to keep learning, to help our young people grow and develop, and to evolve best practice that others can learn from. 

Page 2 



**WE MIND THE GAP** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025** 

## **Objectives and activities (continued)** 

Capacity – We have the space, time, resilience and support required to perform our respective roles to the best of our ability. 

Can Do – We walk alongside our young people, take the initiative, make good things happen and always focus on a solution, not a problem. 

Celebration – We celebrate every success, no matter how big or small. 

Courage – We do what is right and not what is easy. 

## **What we do** 

## We offer 5 programmes: 

1. WeInspire - Our supportive, nurturing programme for 11-15 year olds who are struggling with traditional education. Building confidence, resilience and a sense of belonging for students wherever they are in school or at home 

2. WeDiscover - Our 12 week digital programme for 16-24yr olds, where young people can discover more about themselves and the wider world.  Designed to meet young people where they are and not where we expect them to be, they grow in confidence, aspirations and find their next steps in life. 

3. WeBridge - Our ‘roll on roll off’ employability programme for 16 – 24-year-olds who are ready to work and need nurturing and support to find the right opportunity. We partner with trusted employers in the area to support young people at the start of their working journey. 

4. WeGrow - Our 26-week paid employability programme for 18 – 24-year-olds with four work placements, life skills, coaching, and experiences, all delivered with love and care, followed by 6 months support from our WeBelong team. 

5. WeBelong - Our alumni community for any young person who has completed a programme. Every Gappie remains part of WeMindTheGap family, and this community provides support, care and friendship for as long as they want or need us. 

Responding to the findings of the Big Conversation in Wrexham, we piloted two programmes in 2024, WeInspire and WeBridge.   Both these programmes having proven successful and are now embedded in our continuum of support for your people from 11-25yrs who have ‘fallen through the gaps’ and are not in employment, education or training. 

In addition, in January 2025 we carried out a second Big Conversation in Flintshire.   Like the first one, we spoke to young people aged 18-21yrs, employers and communities.   We chose to speak to young people aged 1821yrs because we recognised that they would have been 14-16yrs old during the COVID 19 pandemic, and we would like to track the impact of the pandemic across generations.   Also young people aged 18-21yrs are the key age group that are referred to WeMindTheGap. 

For the Big Conversation in Flintshire we wanted to build on the learnings and build on the opportunities we found from Wrexham.  Therefore we partnered with Wrexham University and carried out the Big Conversation across a one month period.  We spoke to 509 young people and over 50 employers.  We asked two questions, ‘What life is like for young people in Flintshire?’  and ‘What could make it better’  The findings of our Flintshire Big Conversation were collated by Wrexham University and shared with partners and will be used to inform our continuous improvement of the work we do to support young people. 

We also produced a film of the Big Conversation and gained coverage on local news sites as ‘shining a beacon of hope’ on what is a UK wide crisis. 

Page 3 



**WE MIND THE GAP** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025** 

## **Objectives and activities (continued)** 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. 

## **b. Main activities undertaken to further the Charity's purposes for the public benefit** 

The Charity’s objects and principal activities are for the benefit of the public generally but specifically to act as a resource for young people aged between 16 and 30 living in the UK by providing advice and assistance and organising programmes of work experience, physical, educational, and other activities as a means of: 

- advancing in life and helping young people by developing their skills, capacity and capabilities to enable them to participate in society as independent, mature and responsible individuals; 

- advancing education; 

- relieving unemployment; 

- providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons. 

We have submitted a change of Charitable Objects to the Charity Commission to cover include the work of our new Programme WeInspire.  Our new Objects will cover young people from 11-30yrs. 

## **Structure, governance and management** 

## **a. Constitution** 

We Mind The Gap is a registered charity, number 1161504, and is constituted as a Charitable Incorporated Organisation. 

## **b. Trustees** 

Trustees are appointed by a resolution of the Trustees passed at the board meeting. The minimum number of Trustees is three. The Board undertakes a skills analysis annually to identify current skills amongst Trustees and gaps and agree to appoint new Trustees to meet those outstanding skill sets. 

New trustees undergo an orientation day to brief them on their legal obligations under charity law, the Charity Commission guidance on public benefit, inform them of the charity’s strategy and objectives, the committee and decision making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role as well as meet with programme participants and attend events held with and for them. 

The Trustee Board provides strategic oversight and governance rather than running and operating the Charity on a day to day basis.  All Trustees give of their time freely.  The Trustees have appointed directors and managers to manage the day to day operations of the charity. To facilitate effective operations, the directors and managers have delegated authority, within terms of delegation approved by the trustees, for operational matters including finance, employment and trainee related activity. 

None of our trustees receive remuneration or other benefit from their work with the charity.  Any connection between a trustee, director or senior manager of the charity with a company, supplier, donor or other charity must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. 

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**WE MIND THE GAP** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025** 

## **Structure, governance and management (continued)** 

The Trustees are committed to ensuring that all WeMindTheGap employees are paid fairly and in a way which ensures the charity attracts and retains the right team with the right skills to have the greatest impact in delivering our charitable objectives. The Trustees’ approach to executive pay is in line with the Association of Chief Executives of Voluntary Organisations (AECVO) Good Pay Guide. 

During the period of this report, we accepted the resignation of our Trustee Emma Degg.  We thank Emma for all her support and guidance, and she remains an ambassador for our work. 

## **c. Organisation** 

The organisation was registered as a Charity (Registration no 1161504) on 30 April 2015 as amended on 26 August 2017.  The organisation was established as a charitable incorporated organisation (CIO). 

During the year, the Charity’s office is based at Ty Avow, 21 Egerton Street, Wrexham, LL11 1ND. Individual programmes are run in locations appropriate to the communities that they serve:  Wrexham from the Hub; Flintshire from Jade Jones in Flint. 

## **d. Our access policies** 

The Charity welcomes participants from all backgrounds. Key to joining any of our programmes is assessing whether our young people are ready to make the most of the opportunities on offer.  On all programmes our potential participants (we call them ‘Gappies’ when they are participants) need to demonstrate to our teams their will to engage to the best of their potential and in line with the general standards achieved by their peers. We work closely with local agencies, education teams, voluntary projects etc to create a pipeline of possible participants.  Those expressing an interest for WeDiscover have an informal virtual conversation exploring what the young person wants to get out of the experience and also ensuring that any eligibility criteria from our partner colleges are met.  For our WeGrow programme young people are invited to a ‘Discovery Day’   a relaxed, engaging recruitment day that allows participants to shine – from which successful candidates will be chosen. On both programmes an individual’s economic status, gender, ethnicity, race, religion, or education attainment do not form part of this assessment process, rather their attitude to the world and the opportunity ahead of them. 

We believe that our participants benefit from learning within a diverse community. A great deal of learning occurs through social interaction, conversation and shared experiences which helps our Gappies develop an understanding of other people that will be vital in their future lives. 

We have clear insight into the neurological effect of Adverse Childhood Experiences on the child’s brain and the implications for adolescence and beyond. We use these to complement best practice childhood development practices in the design of our programmes. Our cohort – many of whom score highly on the ACEs scales – are supported in a compassion driven way which allows them to make the most of the opportunities on offer. Every workshop, every interaction stretches neuroplasticity and creates new neural pathways, which in turn promote maturation, independence and autonomy. We strive to keep abreast of current thinking and research, particularly post pandemic research, and have a clear continuing development programme for our team.  We share learnings and best practice with other organisations within this field and our funders.  We have begun to establish ourselves as ‘thought leaders’ and experts in supporting young people and delivering meaningful and lasting change. This has been recognised nationally as we were finalists of the 2024 Centre for Social Justice National Awards, and have been shortlisted as finalists for 2025. Our Gappies and team have represented us at local and national government and regularly deliver keynotes and talks. 

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**WE MIND THE GAP** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025** 

## **Structure, governance and management (continued)** 

## **e. Related parties and organisations** 

Volunteers undertake valuable work by supporting our individual programmes, each of which has at least one volunteer to support each delivery team on a weekly basis. WeGrow cohorts benefit from an ‘intern’ system whereby an experienced Gappie volunteers to spend time with the new cohort and share that all important lived experience.  WeBelong encourages graduates of all programmes to volunteer at fundraising events, community projects we support and by being an advocate for WeMindTheGap meeting funders and other stakeholders.  In addition, many talented individuals share their knowledge and expertise through offering workshops and learning experience either in person or virtually for our WeDiscover and WeGrow programmes. 

Our WeGrow and WeBridge programmes rely on employer partners working with us on a voluntary basis to provide 10 day work placements: some employers provide work placements for up to ten Gappies, others for just one. Their support and involvement are what allows our Gappies to have experience of meaningful work, and therefore our programme to have the impact it does. 

The development of English and Maths skills is a vital part of our programmes. This element is delivered cost free by partners Coleg Cambria (in North Wales).  Tutors are well aware of the challenges our cohort may have had with mainstream education and develop a learning environment that is practical and supportive. Several graduates have continued working with the colleges to gain their equivalent of GCESs in both subjects and then moved on to take Level 2 and University qualifications. 

The Charity does not currently include a valuation of volunteers’ time within the financial statements. 

## **Plans for future periods** 

## **2025/26** 

- Embed our new Programme WeInspire in Cheshire West as we have secured 5 Years’ funding through the Duke of Westminster Foundation 

- Implement our 5 Year plan which starts with the growth of our Programmes in Wrexham and Flintshire and growth of our staff number to 28.  This is underpinned from securing 5 Years’ funding from The National Lottery Community Fund 

- Grow the WeBelong offerings to ensure there is something for all graduate members. With a dedicated team to offer constancy and prioritise progression 

- Continue to secure new funding to continue to grow WeMindTheGap 

- Grow our Board with the appointment of new Trustees to mind the gaps of our skills and experiences 

- • Continue to develop our Thought Leadership and Impact approach, to enhance our profile and be recognised as exemplars in our field 

- Continue to build relationships with like minded organisations to mind their ‘Social’ gap in the Environment, Social and Governance conversation 

- Develop our own SROI and Impact reports 

- Continue to develop our staffing model and website to include Welsh Speakers and Welsh Language 

- Develop a Great Youth Employment Toolkit to support employers employing young people 

Page 6 



**WE MIND THE GAP** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025** 

## **Plans for future periods (continued)** 

## **By 2026 we will** 

•Be running new programmes adapted to the wants and needs of young people informed by the Big Conversation Wrexham and Flintshire 

•Be perceived and recognised as exemplars with clear impact on policy 

•Evidence the model has lasting impact across generations: our graduates’ parent differently and grow our Alumni into a peer support model 

•Continue to influence national and local policies so there are fewer gaps to mind 

•Carry out a feasibility study to see if we can take employability ‘on the road’ in a bus 

## **Achievements and performance** 

## **a. Review of activities** 

The priority for the year 2024/25 was to establish a continuum of support across our Programmes in the areas where we had constancy of delivery, that being Wrexham, Flintshire and North Wales.  In addition, we would begin the implementation of our WeInspire Programmes in 4 schools in Chester. 

We secured funding from UKSPF, Westminster Foundation and The National Lottery Community Fund which has enabled us to start the delivery of our 5 Year Plan. 

All Gappies across all our four Programmes can now take part in all elements of our growing WeBelong programme. 

. 

Through WeBelong we also enjoyed many in person visits to places like Chester and Llandudno, held a Summer Party and our graduates also enjoyed a trip to the Panto at Theatr Clwyd. 

In January 2025 we undertook and began to share, the findings of our Big Conversation with young people aged 18-21yrs in Flintshire. The Big Conversation is an unprecedented piece of research to find the voices and experiences of young people aged 18 21yrs old whose lives had changed during the pandemic. We built on the first Big Conversation in Wrexham and now have two powerful banks of data and insights into the lives, wants, needs and aspirations of young people. 

The Big Conversation was our response to WeMindTheGap recognising the world had changed for young people.  The young people we were working with were presenting with different challenges, employer partners were sharing that they were finding it more difficult to recruit and retain young people in employment and statutory services said that many young people had not re-engaged with services either online or face to face post pandemic. 

At the same time as talking to young people, we committed to carrying out research with employers to find out their experiences, challenges and opportunities in employing young people.  In addition, we wanted to speak to as many statutory and local support providers as possible to see how their engagement and support for young people had changed since the pandemic. 

In our 5 Year Plan we have committed to carrying out a Big Conversation in each of our ‘Villages’ to really understand the community and young people.  We committed to using the findings to engage support to enable people and communities to build the social capital for young people to thrive. WeMindTheGap was also awarded a place on the Rank Foundation Network Profit for Good Programme which is a year-long programme to support charities to develop income generating activities. 

Page 7 



**WE MIND THE GAP** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025** 

## **Achievements and performance (continued)** 

## **What changes did we see:** 

All programmes delivered in 2024-25 were successfully completed across Wrexham and Flintshire, and wider North Wales.  We produced a two year Impact Report covering 2022 – 2024. The highlights showcase the many and varied achievements of our young people, demonstrating impact beyond the bare statistics. 


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**WE MIND THE GAP** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025** 

## **Achievements and performance (continued)** 



Page 9 



**WE MIND THE GAP** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025** 

## **Achievements and performance (continued)** 



Page 10 



**WE MIND THE GAP** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025** 

## **Achievements and performance (continued)** 

## **Financial review** 

## **a. Going concern** 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. 

## **b. Reserves policy** 

At the year end the Charity held net assets of £392,965. Within this were £160,037 of restricted funds. The remaining £232,928 were unrestricted, with £80,542 of this designated for specific purposes. 

The Trustees have reviewed the reserves policy to ensure it is fit for purpose and in line with expected growth in addition to being compliant with the current Charity Commission guidelines. The Charity’s aim is to maintain reserves in unrestricted funds at a level which equates to at least three months of unrestricted charitable expenditure. 

The free reserves for accounting purposes are calculated as the unrestricted funds, less any designated funds and less unrestricted fixed and intangible assets. Free reserves at the yearend were £146,200 (2024: £229,162). 

## **c. Principal risks and uncertainties** 

The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. The Trustees have a risk management strategy which comprises: An annual review of the principal risks and uncertainties that the charity faces; the establishment of policies, systems and procedures to mitigate those risks identified in the annual review; and the implementation of procedures designed to minimise or manage any potential impact on the charity should those risks materialise. This work has identified that financial sustainability is the major financial risk for the charity. A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due, regular liaison with the bank, and active management of trade debtors and creditors balances to ensure sufficient working capital by the Charity. It is the clear objective of the Trustees to agree a funding strategy as part of the 5 Year Business Plan which mitigates the above risks and ensures sustainability for the Charity. 

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**WE MIND THE GAP** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025** 

## **Statement of Trustees' responsibilities** 

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial  which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles of the Charities SORP (FRS 102); 

- make judgments and accounting estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. 

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

Approved by order of the members of the board of Trustees and signed on their behalf by: 


**Karen Campbell-Williams** Trustee Date: 21st October 2025 

Page 12 



**WE MIND THE GAP** 

## **INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 31 MARCH 2025** 

## **Independent Examiner's Report to the Trustees of We Mind The Gap ('the Charity')** 

I report to the charity Trustees on my examination of the accounts of the Charity for the period ended 31 March 2025. 

## **Responsibilities and Basis of Report** 

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). 

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

Page 13 



**WE MIND THE GAP** 

## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025** 

## **Independent Examiner's Statement** 

Since the Charity'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 ICAEW, which is one of the listed bodies. 

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. 

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 

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 that in any material respect: 

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. 

Signed: Dated: 28 November 2025 S J Tweedie BSc FCA DChA 

## **WR Partners** 

Chartered Accountants Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG 

Page 14 



**WE MIND THE GAP** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 MARCH 2025** 

|**Note**<br>**Income from:**<br>Donations and legacies<br>3<br>Charitable activities<br>4<br>Other trading activities<br>5<br>Investments<br>6<br>Other income<br>7<br>**Total income**<br>**Expenditure on:**<br>Raising funds<br>8<br>Charitable activities<br>**Total expenditure**<br>**Net (expenditure)/income**<br>Transfers between funds<br>16<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>Net movement in funds<br>**Total funds carried forward**|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>**71,130**<br>**10,000**<br>**636**<br>**1,587**<br>**-**<br>**83,353**<br>**-**<br>**170,114**<br>**170,114**<br>**(86,761)**<br>**(77,073)**<br>**(163,834)**<br>**396,762**<br>**(163,834)**<br>**232,928**|**Restricted**<br>**funds**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>**7,500**<br>**818,949**<br>**-**<br>**-**<br>**-**<br>**826,449**<br>**168**<br>**753,614**<br>**753,782**<br>**72,667**<br>**77,073**<br>**149,740**<br>**10,297**<br>**149,740**<br>**160,037**|**Total**<br>**funds**<br>**2025**<br>**£**<br>**78,630**<br>**828,949**<br>**636**<br>**1,587**<br>**-**<br>**909,802**<br>**168**<br>**923,728**<br>**923,896**<br>**(14,094)**<br>**-**<br>**(14,094)**<br>**407,059**<br>**(14,094)**<br>**392,965**|_Total_<br>_funds_<br>_2024_<br>_£_<br>_162,443_<br>_756,666_<br>_108_<br>_2,195_<br>_157_|
|---|---|---|---|---|
|||||_921,569_|
|||||_894_<br>_893,295_|
|||||_894,189_|
|||||_27,380_<br>_-_|
|||||_27,380_|
|||||_379,679_<br>_27,380_|
|||||_407,059_|



The Statement of Financial Activities includes all gains and losses recognised in the period. 

The notes on pages 18 to 36 form part of these financial statements. 

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## **WE MIND THE GAP** 

## **BALANCE SHEET AS AT 31 MARCH 2025** 

|**Note**<br>**Fixed assets**<br>Tangible assets<br>13<br>**Current assets**<br>Debtors<br>14<br>Cash at bank and in hand<br>**Current liabilities**<br>Creditors: amounts falling due within one<br>year<br>15<br>**Net current assets**<br>**Total assets less current liabilities**<br>**Total net assets**<br>**Charity funds**<br>Restricted funds<br>16<br>Unrestricted funds<br>16<br>**Total funds**|**43,990**<br>**365,862**<br>**409,852**<br>**(23,073)**|**31 March**<br>**2025**<br>**£**<br>**6,186**<br>**6,186**<br>**386,779**<br>**392,965**<br>**392,965**<br>**160,037**<br>**232,928**<br>**392,965**|_92,115_<br>_326,577_<br>_418,692_<br>_(19,426)_|_30 April_<br>_2024_<br>_£_<br>_7,793_|
|---|---|---|---|---|
|||||_7,793_<br>_399,266_|
|||||_407,059_|
||||||
|||||_407,059_|
|||||_10,297_<br>_396,762_|
||||||
|||||_407,059_|



The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: 


## **Karen Campbell-Williams** 

Trustee Date: 21st October 2025 

The notes on pages 18 to 36 form part of these financial statements. 

Page 16 



## **WE MIND THE GAP** 

## **STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 MARCH 2025** 

|**Note**<br>**Cash flows from operating activities**<br>Net cash used in operating activities<br>18<br>**Cash flows from investing activities**<br>Purchase of tangible fixed assets<br>**Net cash used in investing activities**<br>**Change in cash and cash equivalents in the period**<br>Cash and cash equivalents at the beginning of the period<br>**Cash and cash equivalents at the end of the period**<br>19<br>The notes on pages 18 to 36 form part of these financial statements|**11 months**<br>**ended 31**<br>**March 2025**<br>**£**<br>**40,258**<br>**(973)**<br>**(973)**<br>**39,285**<br>**326,577**<br>**365,862**|_2024_<br>_£_<br>_(127,486)_<br>_(1,231)_<br>**(1,231)**<br>**(128,717)**<br>_455,294_<br>_326,577_|
|---|---|---|



Page 17 



**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **1. General information** 

The charity is a Charitable Incorporated Organisation, situated in the United Kingdom. The principal place of business is the principal office, the address of which is provided on Page 1. 

## **2. Accounting policies** 

## **2.1 Basis of preparation of financial statements** 

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. 

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

We Mind The Gap 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. 

Comparative figures relate to a 12-month period and are therefore not directly comparable to the current 11-month period. 

## **2.2 Going concern** 

After making enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future.  The Charity therefore continues to adopt the going concern basis of accounting in preparing the annual financial statements. 

Page 18 



**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **2. Accounting policies (continued)** 

## **2.3 Income** 

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 income receivable can be measured reliably. 

The recognition of income from donations and legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. 

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. 

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. 

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. 

## **2.4 Expenditure** 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. 

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. 

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. 

All expenditure is inclusive of irrecoverable VAT. 

## **2.5 Government grants** 

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities upon the completion of the relevant performance-related conditions. Other grants that are not subject to performance-related conditions are credited to the Statement of financial activities as the grant proceeds are received. Grants received prior to the revenue recognition criteria being satisfied are recognised as a liability. 

Page 19 



**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **2. Accounting policies (continued)** 

## **2.6 Interest receivable** 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 

## **2.7 Tangible fixed assets and depreciation** 

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. 

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. 

Depreciation is provided on the following basis: 

Fixtures & fittings - 20% straight line Computer equipment - 20% straight line 

## **2.8 Debtors** 

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## **2.9 Cash at bank and in hand** 

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## **2.10 Liabilities and provisions** 

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. 

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 

## **2.11 Financial instruments** 

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 

Page 20 



**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **2. Accounting policies (continued)** 

## **2.12 Pensions** 

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the period. 

## **2.13 Fund accounting** 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. 

Designated funds comprise unrestricted funds that have been earmarked by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 

Investment income, gains and losses are allocated to the appropriate fund. 

## **3. Income from donations and legacies** 

|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>Donations<br>70,725<br>Gift Aid reclaimed<br>405<br>**Total 2025**<br>71,130<br>_Total 2024_<br>_147,443_|**Restricted**<br>**funds**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>7,500<br>-<br>7,500<br>_15,000_|**Total**<br>**funds**<br>**2025**<br>**£**<br>**78,225**<br>**405**<br>**78,630**<br>_162,443_|_Total_<br>_funds_<br>_2024_<br>_£_<br>_161,944_<br>_499_|
|---|---|---|---|
||||_162,443_|
|||||



Page 21 



**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **4. Income from charitable activities** 

|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>Grants<br>-<br>Government Grants<br>10,000<br>**Total 2025**<br>10,000<br>_Total 2024_<br>_10,000_|**Restricted**<br>**funds**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>241,101<br>577,848<br>818,949<br>_746,666_|**Total**<br>**funds**<br>**2025**<br>**£**<br>**241,101**<br>**587,848**<br>**828,949**<br>_756,666_|_Total_<br>_funds_<br>_2024_<br>_£_<br>_136,766_<br>_619,900_|
|---|---|---|---|
||||_756,666_|
|||||



Government grants comprise of £577,700 from the UK Shared Prosperity Fund, £148 from Wrexham County Borough Council, £10,000 from Flintshire County Council. 

## **5. Income from other trading activities** 

## **Income from fundraising events** 

|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>Fundraising events<br>636<br>**Total 2025**<br>636<br>_Total 2024_<br>_108_|**Total**<br>**funds**<br>**2025**<br>**£**<br>**636**<br>**636**<br>_108_|_Total_<br>_funds_<br>_2024_<br>_£_<br>_108_|
|---|---|---|
|||_108_|
||||



Page 22 



## **WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **6. Investment income** 

|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>Interest income<br>1,587<br>**Total 2025**<br>1,587<br>_Total 2024_<br>_2,195_|**Total**<br>**funds**<br>**2025**<br>**£**<br>**1,587**<br>**1,587**<br>_2,195_|_Total_<br>_funds_<br>_2024_<br>_£_<br>_2,195_|
|---|---|---|
|||_2,195_|
||||



## **7. Other incoming resources** 

|Other income<br>_Total 2024_|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>-<br>_157_|**Total**<br>**funds**<br>**2025**<br>**£**<br>**-**<br>_157_|_Total_<br>_funds_<br>_2024_<br>_£_<br>_157_|
|---|---|---|---|
|||||



Page 23 



**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **8. Expenditure on raising funds** 

## **Fundraising trading expenses** 

|Fundraising event costs<br>**Total 2025**<br>_Total 2024_|**Restricted funds**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>168<br>168<br>_894_|**Total**<br>**funds**<br>**2025**<br>**£**<br>**168**<br>**168**<br>_894_|_Total_<br>_funds_<br>_2024_<br>_£_<br>_894_|
|---|---|---|---|
||||_894_|
|||||



## **9. Analysis of expenditure by activities** 

|WeGrow<br>WeBelong<br>WeDiscover<br>Head Office<br>Flintshire<br>Wrexham<br>Cheshire West & Chester<br>**Total 2025**<br>_Total 2024_|**Activities**<br>**undertaken**<br>**directly**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>-<br>11,893<br>42,932<br>73<br>334,554<br>270,757<br>1,489<br>661,698<br>_662,815_|**Support**<br>**costs**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>-<br>-<br>839<br>180,638<br>29,527<br>50,926<br>100<br>262,030<br>_230,480_|**Total**<br>**funds**<br>**2025**<br>**£**<br>**-**<br>**11,893**<br>**43,771**<br>**180,711**<br>**364,081**<br>**321,683**<br>**1,589**<br>**923,728**<br>_893,295_|_Total_<br>_funds_<br>_2024_<br>_£_<br>_29,382_<br>_11,252_<br>_81,884_<br>_143,830_<br>_289,531_<br>_337,416_<br>_-_<br>_893,295_|
|---|---|---|---|---|



Page 24 



**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **9. Analysis of expenditure by activities (continued)** 

## **Analysis of direct costs** 

|Staff costs<br>Programme costs<br>**Total 2025**<br>_Total 2024_<br>Staff costs<br>Programme costs<br>**Total 2025**<br>_Total 2024_|**WeGrow**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>-<br>-<br>-<br>_29,382_|**WeBelong**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>6,505<br>5,388<br>11,893<br>_11,252_<br>**Wrexham**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>202,360<br>68,397<br>270,757<br>_281,169_|**WeDiscover**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>31,707<br>11,225<br>42,932<br>_74,504_<br>**Cheshire**<br>**West &**<br>**Chester**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>1,289<br>200<br>1,489<br>_-_|**Head Office**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>-<br>73<br>73<br>_87_<br>**Total**<br>**funds**<br>**2025**<br>**£**<br>**490,490**<br>**171,208**<br>**661,698**<br>_662,815_|**Flintshire**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>248,629<br>85,925|
|---|---|---|---|---|---|
|||||||
||||||334,554|
|||||||
||||||_266,421_|
||||||_Total_<br>_funds_<br>_2024_<br>_£_<br>_510,615_<br>_152,200_|
||||||_662,815_|
|||||||



Page 25 



**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **9. Analysis of expenditure by activities (continued)** 

## **Analysis of support costs** 

|Staff costs<br>Depreciation<br>Vehicle costs<br>Insurance<br>Training and welfare<br>Premises costs<br>Travel and subsistence<br>Other costs<br>IT and communications<br>Office costs<br>HR, marketing and consultancy<br>Subscriptions<br>Rent and rates<br>Accountancy<br>Bank charges<br>Business Development<br>Recruitment fees<br>**Total 2025**<br>_Total 2024_|**WeDiscover**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>-<br>165<br>-<br>-<br>88<br>-<br>4<br>-<br>-<br>-<br>582<br>-<br>-<br>-<br>-<br>-<br>-<br>839<br>_7,380_|**Head Office**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>151,817<br>2,422<br>-<br>3,311<br>915<br>565<br>1,643<br>69<br>4,604<br>785<br>7,488<br>1,840<br>4,348<br>504<br>292<br>35<br>-<br>180,638<br>_143,743_|**Flintshire**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>-<br>-<br>-<br>2,915<br>2,572<br>720<br>501<br>225<br>2,782<br>631<br>8,139<br>928<br>7,092<br>2,520<br>502<br>-<br>-<br>29,527<br>_23,110_|**Wrexham**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>-<br>-<br>-<br>1,881<br>17,902<br>479<br>401<br>397<br>1,813<br>484<br>19,087<br>809<br>4,798<br>2,520<br>355<br>-<br>-|
|---|---|---|---|---|
||||||
|||||50,926|
||||||
|||||_56,247_|



Page 26 



**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **9. Analysis of expenditure by activities (continued)** 

## **Analysis of support costs (continued)** 

|Staff costs<br>Depreciation<br>Vehicle costs<br>Insurance<br>Training and welfare<br>Premises costs<br>Travel and subsistence<br>Other costs<br>IT and communications<br>Office costs<br>HR, marketing and consultancy<br>Subscriptions<br>Rent and rates<br>Accountancy<br>Bank charges<br>Business Development<br>Recruitment fees<br>**Total 2025**<br>_Total 2024_|**Cheshire**<br>**West &**<br>**Chester**<br>**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>-<br>-<br>-<br>-<br>24<br>-<br>-<br>-<br>-<br>-<br>38<br>-<br>38<br>-<br>-<br>-<br>-<br>100<br>_-_|**Total**<br>**funds**<br>**2025**<br>**£**<br>**151,817**<br>**2,587**<br>**-**<br>**8,107**<br>**21,501**<br>**1,764**<br>**2,549**<br>**691**<br>**9,199**<br>**1,900**<br>**35,334**<br>**3,577**<br>**16,276**<br>**5,544**<br>**1,149**<br>**35**<br>**-**<br>**262,030**<br>_230,480_|_Total_<br>_funds_<br>_2024_<br>_£_<br>_90,943_<br>_16,143_<br>_1,058_<br>_7,626_<br>_9,242_<br>_1,462_<br>_3,153_<br>_11_<br>_10,321_<br>_1,417_<br>_50,361_<br>_4,193_<br>_15,664_<br>_5,648_<br>_1,188_<br>_-_<br>_12,050_|
|---|---|---|---|
||||_230,480_|
|||||



Page 27 



**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **10. Independent examiner's remuneration** 

||**11 months**||
|---|---|---|
||**ended**||
||**31 March**||
||**2025**|_2024_|
||**£**|_£_|
|Fees payable to the Charity's independent examiner for the independent|||
|examination of the Charity's annual accounts|**1,320**|_1,140_|
|Fees payable to the Charity's independent examiner in respect of:|||
|All other services not included above|**4,440**|_4,368_|



## **11. Staff costs** 

|Wages and salaries<br>Social security costs<br>Contribution to defined contribution pension schemes|**11 months**<br>**ended**<br>**31 March**<br>**2025**<br>**£**<br>**582,096**<br>**49,215**<br>**10,996**<br>**642,307**|_2024_<br>_£_<br>_552,760_<br>_39,276_<br>_9,522_|
|---|---|---|
||||
|||_601,558_|



The average number of persons employed by the Charity during the period was as follows: 

||**2025**|_2024_|
|---|---|---|
||**No.**|_No._|
|Employees|**27**|_26_|



Page 28 



**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **11. Staff costs (continued)** 

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 

|||**2025**|_2024_|
|---|---|---|---|
|||**No.**|_No._|
|In the band £60,001|- £70,000|**1**|_-_|
|In the band £70,001|- £80,000|**-**|_1_|



The 2025 disclosure relates to an 11 month period. 

The total amount of employee benefits (including employer pension contributions and employer national insurance contributions) paid to the key management personnel of the Charity was £77,038 (2024: £80,788). 

## **12. Trustees' remuneration and expenses** 

During the period, no Trustees received any remuneration or other benefits _(2024 - £NIL)_ . 

During the period ended 31 March 2025, no Trustee expenses have been incurred _(2024 - £NIL)_ . 

Page 29 



**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **13. Tangible fixed assets** 

|**Cost or valuation**<br>At 1 May 2024<br>Additions<br>Disposals<br>At 31 March 2025<br>**Depreciation**<br>At 1 May 2024<br>Charge for the period<br>On disposals<br>At 31 March 2025<br>**Net book value**<br>At 31 March 2025<br>_At 30 April 2024_<br>**Debtors**<br>**Due within one year**<br>Trade debtors<br>Prepayments and accrued income<br>Grants receivable|**Fixtures &**<br>**Fittings**<br>**£**<br>**6,811**<br>**-**<br>**-**<br>**6,811**<br>**5,843**<br>**123**<br>**-**<br>**5,966**<br>**845**<br>_968_||**Computer**<br>**equipment**<br>**£**<br>**31,947**<br>**973**<br>**(1,647)**<br>**31,273**<br>**25,122**<br>**2,457**<br>**(1,647)**<br>**25,932**<br>**5,341**<br>_6,825_<br>**31 March**<br>**2025**<br>**£**<br>**144**<br>**8,949**<br>**34,897**<br>**43,990**|**Total**<br>**£**<br>**38,758**<br>**973**<br>**(1,647)**<br>**38,084**<br>**30,965**<br>**2,580**<br>**(1,647)**<br>**31,898**<br>**6,186**<br>_7,793_<br>_30 April_<br>_2024_<br>_£_<br>_264_<br>_10,015_<br>_81,836_<br>_92,115_|
|---|---|---|---|---|
||||||
||||||
||||||
||||||
||||||
||||||



## **14. Debtors** 

Page 30 



**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **15. Creditors: Amounts falling due within one year** 

|Trade creditors<br>Other creditors<br>Accruals and deferred income|**31 March**<br>**2025**<br>**£**<br>**9,892**<br>**6,303**<br>**6,878**<br>**23,073**|_30 April_<br>_2024_<br>_£_<br>_7,500_<br>_6,418_<br>_5,508_|
|---|---|---|
||||
|||_19,426_|



Page 31 



**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **16. Statement of funds** 

## **Statement of funds - current period** 

|**Unrestricted funds**<br>**Designated funds**<br>We Belong<br>Big Conversation / Wrexham<br>Flintshire<br>Wrexham<br>**General funds**<br>The Hub - Head Office<br>**Total Unrestricted funds**<br>**Restricted funds**<br>WeDiscover North Wales<br>Flintshire<br>Cheshire West & Chester<br>WeBelong<br>Wrexham<br>Salaries<br>**Total of funds**|**Balance at 1**<br>**May 2024**<br>**£**<br>**22,655**<br>**105,726**<br>**31,426**<br>**-**<br>**159,807**<br>**236,955**<br>**396,762**<br>**10,297**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**10,297**<br>**407,059**|**Income**<br>**£**<br>**16,073**<br>**-**<br>**436**<br>**535**<br>**17,044**<br>**66,309**<br>**83,353**<br>**95,797**<br>**357,125**<br>**99,304**<br>**148**<br>**244,075**<br>**30,000**<br>**826,449**<br>**909,802**|**Expenditure**<br>**£**<br>**(11,745)**<br>**-**<br>**(6,956)**<br>**(535)**<br>**(19,236)**<br>**(150,878)**<br>**(170,114)**<br>**(43,771)**<br>**(357,125)**<br>**(1,590)**<br>**(148)**<br>**(321,148)**<br>**(30,000)**<br>**(753,782)**<br>**(923,896)**|**Transfers**<br>**in/out**<br>**£**<br>**-**<br>**(105,726)**<br>**-**<br>**28,653**<br>**(77,073)**<br>**-**<br>**(77,073)**<br>**-**<br>**-**<br>**-**<br>**-**<br>**77,073**<br>**-**<br>**77,073**<br>**-**|**Balance at**<br>**31 March**<br>**2025**<br>**£**<br>**26,983**<br>**-**<br>**24,906**<br>**28,653**|
|---|---|---|---|---|---|
||||||**80,542**|
||||||**152,386**|
||||||**232,928**|
||||||**62,323**<br>**-**<br>**97,714**<br>**-**<br>**-**<br>**-**|
||||||**160,037**|
||||||**392,965**|



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**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **16. Statement of funds (continued)** 

**Designated and restricted funds** (some of these fund exist as both restricted and designated owing to the different nature of the income). 

**WeDiscover North Wales** - a virtual programme in North Wales for young people aged 16 to 25 to find and meet young people where they are and engage those who isolated and lack confidence to make the next step into the world. 

**WeBelong** – our programme for graduates of WeMindTheGap programmes providing support and friendship with opportunities to connect and challenge themselves whilst supporting each other.   A programme to help and support their continue progression in life and the world of work and education. 

**Big Conversation/Wrexham** – a piece of research to find the voices and experiences of young people aged 18 to 21 whose lives had changed during the pandemic, followed by a community based programme encompassing our virtual WeDiscover programme and in person WeGrow employment programme run for the people of Wrexham. 

**Wrexham -** a community based programme encompassing our virtual WeDiscover programme and in person WeGrow employment programme run for the people of Wrexham. 

**Flintshire -** a community based programme encompassing our virtual WeDiscover programme and in person WeGrow employment programme run for the people of Flintshire. 

**Cheshire West & Chester -** work with secondary schools in Cheshire West & Chester delivering of our WeInspire programme 

**Salaries -** funding received to cover a particular job role. 

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**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **16. Statement of funds (continued)** 

**Statement of funds - prior period** 

|**Unrestricted funds**<br>**Designated funds**<br>We Discover North Wales<br>We Belong<br>Flintshire Men 2<br>Manchester Mixed 1<br>Big Conversation / Wrexham<br>Flintshire<br>**General funds**<br>The Hub - Head Office<br>**Total Unrestricted funds**<br>**Restricted funds**<br>WeDiscover North Wales<br>Big Conversation / Wrexham<br>Flintshire<br>WeDiscover Chester<br>National lottery funding<br>Manchester Mixed 1<br>**Total of funds**|_Balance at_<br>_1 May 2023_<br>_£_<br>_6,819_<br>_34,038_<br>_21,694_<br>_15,609_<br>_(24,227)_<br>_-_<br>_53,933_<br>_263,687_<br>_317,620_<br>_-_<br>_-_<br>_-_<br>_-_<br>_62,059_<br>_-_<br>_62,059_<br>_379,679_|_Income_<br>_£_<br>_-_<br>_-_<br>_108_<br>_203_<br>_100,030_<br>_34,856_<br>_135,197_<br>_24,706_<br>_159,903_<br>_82,766_<br>_362,875_<br>_278,025_<br>_30,000_<br>_-_<br>_8,000_<br>_761,666_<br>_921,569_|_Expenditure_<br>_£_<br>_-_<br>_(11,383)_<br>_(9,386)_<br>_(4,472)_<br>_-_<br>_(3,430)_<br>_(28,671)_<br>_(44,515)_<br>_(73,186)_<br>_(79,288)_<br>_(362,875)_<br>_(278,025)_<br>_(30,756)_<br>_(62,059)_<br>_(8,000)_<br>_(821,003)_<br>_(894,189)_|_Transfers_<br>_in/out_<br>_£_<br>_Balance at_<br>_30 April 2024_<br>_£_<br>_(6,819)_<br>_-_<br>_-_<br>_22,655_<br>_(12,416)_<br>_-_<br>_(11,340)_<br>_-_<br>_29,923_<br>_105,726_<br>_-_<br>_31,426_<br>_(652)_<br>_159,807_<br>_(6,923)_<br>_236,955_<br>_(7,575)_<br>_396,762_<br>_6,819_<br>_10,297_<br>_-_<br>_-_<br>_-_<br>_-_<br>_756_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_7,575_<br>_10,297_<br>_-_<br>_407,059_|_Transfers_<br>_in/out_<br>_£_<br>_Balance at_<br>_30 April 2024_<br>_£_<br>_(6,819)_<br>_-_<br>_-_<br>_22,655_<br>_(12,416)_<br>_-_<br>_(11,340)_<br>_-_<br>_29,923_<br>_105,726_<br>_-_<br>_31,426_<br>_(652)_<br>_159,807_<br>_(6,923)_<br>_236,955_<br>_(7,575)_<br>_396,762_<br>_6,819_<br>_10,297_<br>_-_<br>_-_<br>_-_<br>_-_<br>_756_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_7,575_<br>_10,297_<br>_-_<br>_407,059_|
|---|---|---|---|---|---|
||||||_159,807_|
||||||_236,955_|
||||||_396,762_|
||||||_10,297_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_|
||||||_10,297_|
||||||_407,059_|



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**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **17. Analysis of net assets between funds** 

## **Analysis of net assets between funds - current period** 

|**Unrestricted**<br>**funds**<br>**31 March**<br>**2025**<br>**£**<br>Tangible fixed assets<br>6,186<br>Current assets<br>249,815<br>Creditors due within one year<br>(23,073)<br>**Total**<br>232,928|**Restricted**<br>**funds**<br>**31 March**<br>**2025**<br>**£**<br>-<br>160,037<br>-<br>160,037|**Total**<br>**funds**<br>**31 March**<br>**2025**<br>**£**<br>**6,186**<br>**409,852**<br>**(23,073)**<br>**392,965**|
|---|---|---|



## **18. Reconciliation of net movement in funds to net cash flow from operating activities** 

## **19.** 

|Net income/expenditure for the period (as per Statement of Financial<br>Activities)<br>**Adjustments for:**<br>Depreciation charges<br>Amortisation charges<br>Decrease/(increase) in debtors<br>Increase/(decrease) in creditors<br>**Net cash provided by/(used in) operating activities**<br>**Analysis of cash and cash equivalents**<br>Cash in hand<br>**Total cash and cash equivalents**|**31 March**<br>**2025**<br>**£**<br>**(14,094)**<br>**2,580**<br>**-**<br>**48,125**<br>**3,647**<br>**40,258**<br>**31 March**<br>**2025**<br>**£**<br>**365,862**<br>**365,862**|_30 April_<br>_2024_<br>_£_<br>_27,380_<br>_5,621_<br>_10,522_<br>_(65,626)_<br>_(105,383)_<br>_(127,486)_<br>_30 April_<br>_2024_<br>_£_<br>_326,577_<br>_326,577_|
|---|---|---|



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**WE MIND THE GAP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025** 

## **20. Analysis of changes in net debt** 

|Cash at bank and in hand|**At 1 May**<br>**2024**<br>**£**<br>**326,577**<br>**326,577**|**Cash flows**<br>**£**<br>**39,285**<br>**39,285**|**At 31 March**<br>**2025**<br>**£**<br>**365,862**|
|---|---|---|---|
||||**365,862**|



## **21. Pension commitments** 

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £10,955 (2024: £9,522). £Nil (2024: £Nil) were payable to the fund at the balance sheet date. 

## **22. Related party transactions** 

The Charity has not entered into any related party transaction during the period,excluding personal donations to the Charity, nor are there any outstanding balances owing between related parties and the Charity at 31 March 2025. 

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