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2023-04-30-accounts

REGISTERED COMPANY NUMBER: 06227115 (England and Wales) REGISTERED CHARITY NUMBER: 1180756

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 April 2023

for

Wishing Well Project

Banks Sheridan Datum House Electra Way Crewe Cheshire CW1 6ZF

Wishing Well Project

Contents of the Financial Statements for the year ended 30 April 2023

Page
Report of the Trustees 1 to 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Statement of Financial Position 11 to 12
Statement of Cash Flows 13
Notes to the Statement of Cash Flows 14
Notes to the Financial Statements 15 to 25
Detailed Statement of Financial Activities 26 to 27

Wishing Well Project

Report of the Trustees for the year ended 30 April 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Purpose of this Annual Report

This Annual Report serves to demonstrate the impact of services developed and delivered and the financial performance of The Wishing Well during the period of 1st May 2022 - 30th April 2023.

Our Mission

To improve the health and wellbeing of local people. Our vision is for children and families to start well, adults to live well and older people to age well.

To provide holistic services for all areas of the community, acknowledging that any situation or crisis can be made up by multifactorial circumstances, Wishing Well offers support to the most vulnerable members of our society.

To achieve our mission, we have set out 5 key aims:

Ensuring our work delivers our aims

The Board of Trustees together with the Chief Executive Officer meet on a monthly basis to set tasks and review progress against previous tasks set. Operational management is delegated to the Chief Executive Officer who seeks to deliver upon the aims and objectives of the charity. The Board of Trustees provide appropriate levels of support and scrutiny to ensure that staff performance is maintained and the health and wellbeing of the organisation is sustained.

Individual trustees take on the responsibility of overseeing key pillars of the organisation that align to their specific skills and experience. For example: Director of Finance, Director of Community Development, Director of Business Development. Trustees are able to provide the Chief Executive Officer and senior members of the operational team with direct support to help the charity achieve its mission.

Every month the Chief Executive Officer provides an accompanying Board Paper to support discussions at the related Board meeting. This paper has specific updates on critical matters: Health & Safety, Data Protection, Safeguarding and Finance. The Chief Executive Officer automatically raises any incidences of breach in any of these areas at the earliest opportunity.

How our activities deliver public benefit

The Wishing Well exists to support those most vulnerable and/or those experiencing crises. During 2022/23, we reached approximately 6,200 people through our range of health and wellbeing services across delivering approximately 108,000 interventions across our six locations and extended outreach provision.

All of our charitable activities aim to improve the health and wellbeing of local people. Our provision focusses on providing activities that aim to tackle at least one but usually a collection of the following:

Page 1

Wishing Well Project

Report of the Trustees for the year ended 30 April 2023

Who used and benefitted from our services?

The Wishing Well has a holistic approach to improving health and wellbeing and seeks to support those most vulnerable no matter their age or background. Therefore, we have a three-strand strategy that aims to help children and families start well, working age adults live well and older people age well with dignity and respect.

The Wishing Well tackles a range of health and social inequalities that are apparent within many areas across south Cheshire specifically areas of high deprivation in Crewe. Due to a myriad of complex factors there are deep-rooted societal challenges ranging from poor education levels, childhood obesity, anti-social behaviour, knife crime, substance abuse and misuse, youth unemployment, total unemployment, poor community cohesion, fuel poverty, food poverty, absolute poverty, homelessness, increased levels of poor mental health, increased levels of poor physical health, high levels of suicide, social isolation and loneliness, stigma and preventable deaths.

On top of these deep-rooted societal issues, there is a new wave of challenge following the recent global pandemic and the aftershock impact it has on already fragmented communities. This alongside the most recent issues experienced in Ukraine and the rising cost of living has created a perfect storm scenario that is pushing working families below the poverty line. Our challenge is to support people through this period and the uncertainty of "what next" as we enter periods of unknown challenge and risk.

The community we reach has an ageing population that is not just the central wards of Crewe, but also extends to the rural villages and hamlets across south Cheshire. Whilst there isn't as high a prevalence of poverty and financial deprivation, there are emerging crises such as social isolation and loneliness.

Principal Funding Sources

As similar to the last two financial years previous, there was substantial external funding investment into The Wishing Well in 2022/23. The organisation had strengthened key partnerships with Cheshire East Council, The National Lottery and the Cheshire Community Foundation as well as develop new links with the Julia & Hans Rausing Trust, IRIS Vision and Ruby's. As well as this, we secured significant support from Steve Morgan Foundation, Active Cheshire and Bentley Motors (administered through Cheshire Community Foundation).

Active Cheshire: £5,026.00

Project funding to deliver seated chair exercise classes for older people with limited mobility and/or low confidence in movement. Weekly sessions are delivered from Jubilee House by a trained facilitator that aim to increase physical activity level and improve health and wellbeing.

Carer's Choice: £30,858.00

Funding to deliver Carers sessions, activities and remote projects such as home delivered afternoon tea experiences. Regular and bespoke provision for carers across Cheshire East that include drop in sessions, hosting of events and delivery of community based activities for Carers.

Cheshire Clinical Commissioning Group: £7,995.00

Funding for the development and delivery of The Wishing Well's Children and Family Drop In provision in Crewe.

Cheshire Community Foundation: £6,735.00

Page 2

Wishing Well Project

Report of the Trustees for the year ended 30 April 2023

Funding to support the provision of The Wishing Well's daily meals and welfare service that is delivered across south Cheshire. Funding directly support the project against the rising costs of its operation due to the Cost of Living crisis.

Cheshire Community Foundation - Bentley Fund: £23,700.00

Funding for the extension of provision for the Supported Adults Service which include a weekly drop-in session and weekly evening session for people with autism and/or a learning disability. Funding supports staffing costs, facility costs and project delivery.

Cheshire East - Jubilee Gardens: £10,000.00

UK Govt funding administered by Cheshire East Council for the development of a Multi-Use Games Area at the Jubilee Garden site in Crewe, Cheshire.

Cheshire East Business Grant: £10,000.00

UK Govt funding administered by Cheshire East Council in response to the emergence of the Omicron variant of COVID-19 and its impact of business performance.

Cheshire East Community Grant: £2,765.00

Cheshire East funding to support core costs of the business.

Cheshire Police Crime Commissioner: £6,660.00

Cheshire Police funding to support the delivery of The Wishing Well Friday Youth Club delivered at the Children and Families Hub. The funding supports the delivery costs associated with the weekly session.

Crewe Town Council: £5,000.00

Funding to support the delivery of the Crewe Pop Up Parks programme that was delivered in parks and playing fields across Crewe aiming to increase physical activities, tackle community disharmony and youth anti-social behaviour. The funding enabled the delivery of 3 community sport and play activities a week for a period of 4 months.

Crewe Town Council - Soup & Sew: £3,600.00

Funding to support the delivery of a winter project for older people experiencing fuel poverty. The Soup & Sew projecr was deisgned by local people and delivered by volunteers. The funding helped cover the costs of the sewing machines and materials used.

Crosby Training: £1,725.00

Funding for costs associated with The Wishing Well Children and Families Hub

Holiday Activation Fund (HAF): £19,352.00

Funding for the delivery of child sport, play and food provision during school holiday periods that include a 4 week summer programme, half-term activities and Christmas programme. Funding enables The Wishing Well to develop and deliver our flagship Children and Families projects.

IRIS & Ruby Projects: £28,840.00

Funding for the delivery of the IRIS Vision services and Rubys Partnership. Both agreements relied on collaborative working to support visionally impaired people and families of disabled children.

Julia & Hans Rausing Trust: £25,000.00

Page 3

Wishing Well Project

Report of the Trustees for the year ended 30 April 2023

Funding to support the provision of The Wishing Well's daily meals and welfare service that is delivered across south Cheshire. Funding directly support the project against the rising costs of its operation due to the Cost of Living crisis.

Marks & Spencer: £1,000.00

Funding to support equipment costs associated with The Wishing Well Children and Families Hub.

Nantwich Church Wardens: £4,620.00

Funding to support the development and delivery of a weekly Lunch Club at the Civic Hall in Nantwich. The lunch club aims to provide a freshly prepared meal, social activities and place for older people to meet others and make friends.

NHS Community Midwives: £10,000.00

This funding was to supported the hosting of provision for the Community Midwives team at Jubilee House in Crewe. As part of this partnership, the community hub will provide a number of community spaces to allow for clinical services to be delivered.

NHS Winter Pressures: £6,300.00

This winter pressures funding was to support the development and delivery of a weekly drop-in session at Eagle Bridge Health and Wellbeing centre in Crewe. The sessions supported those living with mild/medium level mental health conditions.

OTAGO: £2,238.00

Funding to support the delivery of older people physical activity sessions delivered across Crewe. The funding covers session refreshment and equipment costs associated with its delivery.

Steve Morgan Foundation: £22,880.00

Project funding for The Wishing Well Children and Families service. Key core staffing costs are supported by this funding as part of a three year agreement.

The Equilibrium Foundation: £2,163.00

This funding was donated to help cover the core costs associated with the business aspects of The Wishing Well.

The National Lottery: £57,858.00

Funding for the delivery of our "Here For You" partnership with The National Lottery. This funding enables the delivery of a wide range of Live Well services that aim to improve the health and wellbeing of local people. 12 sessions/activities a week are delivered across Wishing Well venues within this partnership.

Young Carers: £5,096.00

Funding for the delivery of weekly Young Carers drop in sessions taking place at The Wishing Well Children and Families Hub. The funding covers the costs of delivery for a range of activities within the drop-in.

Reserves Policy

The Wishing Well has experienced substantial growth in recent years and the Trustees recognise that the Reserves held are appropriate for a charity of this size. As a medium sized charity our aim is to hold reserves at between 3 - 6 months of operating expenditure. This would indicate that our typical reserves policy should be between £150,000 - £300,000.

Page 4

Wishing Well Project

Report of the Trustees for the year ended 30 April 2023

The Board are aware that the current reliance on external funding is not a sustainable financial model. The Wishing Well is now realigning its financial model to that of a social enterprise that is more reliant on the self-income through trading performance. The challenge recognised here, is that rising costs mean that aiming to return to this financial model will be increasingly more difficult without significantly increasing the costs of our product and services.

Governance & Structure

The organisation is a charitable company limited by guarantee, incorporated on 25 April 2007 and registered as a charity on 19 November 2018. The company was established under a Memorandum of Association which sets out the objects and powers of the organisation. The amendments made under the Articles of Association aligned the company to charitable status. The organisation began trade as charitable company on 1 May 2019. In the event of the company being wound up the Directors are required to contribute to £1 to proceedings.

Risk Management

The Board of Trustees delegate key roles and responsibilities to the Chief Executive Officer.

However, critical areas of the business require Board intervention where necessary and upon the request of the Chief Executive Officer.

These critical areas are identified as:

These areas always carry an elevated aspect of risk. This is due to the association it could have on the reputational, economic or wellbeing of the organisation and/or the people it serves. The Chief Executive must elevate any concerns or incidences that may appear to breach any of the associated policies relating to health and safety, safeguarding, data protection and finance. In addition to this, the Chief Executive Officer reports on these items directly at monthly Board meetings.

Organisational Structure

The Wishing Well has a Board of Trustees made up of 6 Directors. These Directors meet on a monthly basis and are responsible for the strategic direction of the organisation and the policies held within the charity.

The Board of Trustees delegate day to day management of the charity to the Chief Executive Officer who is managed by the Chair of the Board. Regular meetings are held between the Chair and the Chief Executive Officer to share insight and information as well as building a close link between the operational team and the Board of Directors.

The Chief Executive is responsible for delivering upon the Board's strategy and objectives. They are responsible for developing a structure that will be assessed upon the result and performance of service delivery.

The Chief Executive has built a senior leadership team with a key focus on the 3 core services that The Wishing Well delivers upon: Children and Families provision (Start Well), Education, Wellbeing and Supported Adults (Live Well) and Older People provision (Age Well). In addition to this, the organisation holds a vibrant catering function, manages six facilities or venues of delivery and has a promising physical activity offer that transcends across Start Well, Live Well and Age Well.

The Board of Trustees hold the Chief Executive Officer to account and provide challenge, support and scrutiny in line with the best interests of the organisation.

Page 5

Wishing Well Project

Report of the Trustees for the year ended 30 April 2023

Factors Influencing Performance

Cost of Living Crisis

The latest challenge within our society is that of the rising costs of living due to a myriad of factors from global hostility, fragmented supply chains and energy crises. The Wishing Well were able to navigate through the challenges presented within the COVID-19 pandemic, however, we were acutely aware that there would be additional direct and indirect implications of the virus and its wider impact.

Despite remaining financially resilient during an extended period of restrictions upon several of the trading arms of the charity, the latest set of challenges have a direct impact on our costs which means that there is still a reliance on external support.

For over three years The Wishing Well has been heavily reliant on external funding which places significant risk on the organisation. The model so far has been able to plug the monthly deficit but it stifles growth and creates additional pressure on an already stretched operational team.

Acknowledgements

The Wishing Well is an established provider of health and wellbeing services in south Cheshire. Working in partnership and alongside many other individuals, groups and organisations to improve public health and wellbeing.

The Wishing Well would like to express their thanks and gratitude to all those who have supported the charity through donations, fundraising and/or support in kind.

Active Cheshire Alcoholics Anonymous ALDI Arriva ASDA Foundation Banks Sheridan Balfour Beatty Bentley Motors British Red Cross B&Q Chance Changing Lives Cheshire Buddies Cheshire Community Foundation Cheshire Connect Cheshire Constabulary Cheshire East Community Voluntary Service Cheshire East Council Cheshire Fire Service Cheshire Police Crime Commissioner Children in Need Crewe FC Crewe Police Crewe Town Council Crewe Nub News Custom Powders Construction Linx Disability Positive

Page 6

Wishing Well Project

Report of the Trustees for the year ended 30 April 2023

Equilibrium Foundation High Sheriff of Cheshire Kieran Mullan MP Leighton Hospital Lord Lieutenant of Cheshire Mr Peter Colyer Mornflake Morrison's Motherwell Cheshire N-Compass NHS Cheshire Clinical Commissioning Group Nub News Radius Payments Solutions Slimming World South Cheshire Chamber of Commerce South Cheshire CLASP Sport England Steve Morgan Foundation St Paul's Swansway Group TESCO The Guinness Partnership The National Lottery Weight Watchers UK YMCA Crewe

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06227115 (England and Wales)

Registered Charity number

1180756

Registered office

Jubilee House St Pauls Street Crewe Cheshire CW1 2QA

Trustees

A Roberts E Leigh (deceased 22.11.23) E Haworth P Sandland T Robins R Weilding

Page 7

Wishing Well Project

Report of the Trustees for the year ended 30 April 2023

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Banks Sheridan Datum House Electra Way Crewe Cheshire CW1 6ZF Approved by order of the board of trustees on ............................................. and signed on its behalf by:

............................................................................... R Weilding - Trustee

Page 8

Independent Examiner's Report to the Trustees of Wishing Well Project

Independent examiner's report to the trustees of Wishing Well Project ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

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

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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

P Sammons

Banks Sheridan Datum House Electra Way Crewe Cheshire CW1 6ZF

Date: .............................................

Page 9

Wishing Well Project

Statement of Financial Activities for the year ended 30 April 2023

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
9,210
Charitable activities
3
Meal provision
172,534
Elderly care / day care / lunchclub
115,225
Pickmere bistro
95,895
Eagle bridge cafe
50,865
Room hire / cleaning
22,010
Young person support
99,896
Life long learning / education
6,174
IRIS
2,532
Other income
-
Total
574,341
EXPENDITURE ON
Charitable activities
4
Charitable activities
661,918
NET INCOME/(EXPENDITURE)
(87,577)
RECONCILIATION OF FUNDS
Total funds brought forward
219,457
TOTAL FUNDS CARRIED FORWARD
131,880		 Restricted
fund
£
310,658
-
-
-
-
-
-
-
-
-
310,658
270,374
40,284
68,030
108,314		 2023
Total
funds
£
319,868
172,534
115,225
95,895
50,865
22,010
99,896
6,174
2,532
-
884,999
932,292
(47,293)
287,487
240,194		 2022
Total
funds
£
230,907
174,392
34,100
67,822
22,418
18,002
93,245
4,176
-
3,672
648,734
644,234
4,500
282,987
287,487

The notes form part of these financial statements

Page 10

Wishing Well Project

Statement of Financial Position 30 April 2023

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
10
32,871
CURRENT ASSETS
Debtors
11
51,612
Cash at bank and in hand
135,648
187,260
CREDITORS
Amounts falling due within one year
12
(88,251)
NET CURRENT ASSETS
99,009
TOTAL ASSETS LESS CURRENT LIABILITIES
131,880
NET ASSETS
131,880
FUNDS
13
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
9,416
61,625
37,273
98,898
-
98,898
108,314
108,314		 2023
Total
funds
£
42,287
113,237
172,921
286,158
(88,251)
197,907
240,194
240,194
131,880
108,314
240,194		 2022
Total
funds
£
29,678
70,428
206,017
276,445
(18,636)
257,809
287,487
287,487
219,457
68,030
287,487

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 11

continued...

Wishing Well Project

Statement of Financial Position - continued 30 April 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. R Weilding - Trustee

The notes form part of these financial statements

Page 12

Wishing Well Project

Statement of Cash Flows for the year ended 30 April 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of the
reporting period		 2023
£
(6,118)
(6,118)
(26,978)
-
(26,978)
(33,096)
206,017
172,921		 2022
£
612
612
(27,777)
4,740
(23,037)
(22,425)
228,442
206,017

The notes form part of these financial statements

Page 13

Wishing Well Project

Notes to the Statement of Cash Flows for the year ended 30 April 2023

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
Increase in debtors
Increase in creditors
Net cash (used in)/provided by operations		 2023
£
(47,293)
14,368
-
(42,809)
69,616
(6,118)		 2022
£
4,500
11,511
(3,672)
(16,470)
4,743
612

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.5.22 Cash flow At 30.4.23
£ £ £
Net cash
Cash at bank and in hand 206,017 (33,096) 172,921
206,017 (33,096) 172,921
Total 206,017 (33,096) 172,921

The notes form part of these financial statements

Page 14

Wishing Well Project

Notes to the Financial Statements for the year ended 30 April 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the assumption that the company is able to carry on as a going concern, which the Trustees consider appropriate.

The financial statements have been prepared 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 (FRS102) (effective 1 January 2019) - (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS102) and the Companies Act 2006.

The Trustees regularly monitor the projected income against expected expenditure and are reasonably confident that funds will be in place to ensure the running of the organisation beyond February 2024.

Wishing Well Project meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in he relevant accounting policy note(s). The principal accounting policies adopted in the preparation of the financial statements are set out below.

The presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The Trustees consider that the level of unrestricted funds is sufficient to meet the working capital requirements of the company.

After due consideration of the above the trustees are not aware of any other uncertainties regarding the company's ability to continue as a going concern and after reviewing the company's post year end income documentation and forecasts, the trustees are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing it's financial statements.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectation of future events that are believed to be reasonable under the circumstances.

The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Estimated useful lives and residual values of fixed assets

Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the trustees. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual assets lives and residual values, as evidenced by disposals during the current and prior accounting periods.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

continued...

Page 15

Wishing Well Project

Notes to the Financial Statements - continued for the year ended 30 April 2023

1. ACCOUNTING POLICIES - continued

Allocation and apportionment of costs

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and include project management carried out. Where support costs cannot be directly attributed to particular headings they have been allocated to expenditure on charitable activities on a basis consistent with use of the resources.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates so as to write off their cost less residual amounts over their estimated useful economic lives. Assets are also reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the assets carrying amount exceeds its recoverable amount.

Plant & machinery - 25% on reducing balance
Fixture & fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost
Leasehold improvements - Over 4 years

The residual values and useful lives of assets are reviewed and adjusted if appropriate at each Statement of Financial Position date.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the Notes to the Financial Statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

C ash 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.

continued...

Page 16

Wishing Well Project

Notes to the Financial Statements - continued for the year ended 30 April 2023

1. ACCOUNTING POLICIES - continued

Creditors and provisions

Creditors and provisions are recognised where the company has a present obligation resulting from a part event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basis financial instruments are initially recognised at transactions 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.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

2.

DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Donations
Gift aid
Grants		 2023
£
9,207
11,250
299,411
319,868		 2022
£
6,453
-
224,454
230,907

continued...

Page 17

Wishing Well Project

Notes to the Financial Statements - continued for the year ended 30 April 2023

2. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

Cheshire East Business Grant
OTAGO
The Equilibrium foundation
Steve Morgan Funding Grant
Children and family funding
Connected Communities Fund
The National Lottery Community Fund
Kitchen funding D/C
Active Cheshire
Cheshire Clinical Commissioning Group
Cheshire Community Foundation
Children in need
Peter Colyer- funding for the provisin of children and families services
Carer's choice
The Guinness Partnership
Holiday Activation Fund (HAF)
Crewe town council
N-Compass
B&Q
Crewe Town Council- Soup and Sew
NHS Community Midwives
Cheshire Community Foundation- Bentley Fund
IRIS and Ruby funding
Cheshire Police Crime Commissioner
NHS Winter Pressures
Nantwich Church wardens
Julia and Hans Rausing Trust
Cheshire East- Jubilee Gardens
Cheshire East Community Grant
Marks and Spencer
Crosby Training
Young Carers Project		 2023
£
10,000
2,238
2,163
22,880
-
-
57,858
-
5,026
7,995
6,735
-
-
30,858
-
19,352
5,000
-
-
3,600
10,000
23,700
28,840
6,660
6,300
4,620
25,000
10,000
2,765
1,000
1,725
5,096
299,411		 2022
£
9,433
1,144
2,000
1,000
2,000
55,247
24,030
2,800
4,520
4,950
15,850
25,100
40,000
-
10,580
5,030
1,560
14,210
5,000
-
-
-
-
-
-
-
-
-
-
-
-
-
224,454

continued...

Page 18

Wishing Well Project

Notes to the Financial Statements - continued for the year ended 30 April 2023

3. INCOME FROM CHARITABLE ACTIVITIES

Activity
Charitable activities
Meal provision
Charitable activities
Elderly care / day care / lunchclub
Charitable activities
Pickmere bistro
Charitable activities
Eagle bridge cafe
Charitable activities
Room hire / cleaning
Charitable activities
Young person support
Charitable activities
Life long learning / education
Charitable activities
IRIS
CHARITABLE ACTIVITIES COSTS
Charitable activities
SUPPORT COSTS
Charitable activities
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Hire of plant and machinery
Surplus on disposal of fixed assets		 Direct
Costs
£
888,601		 2023
2022
£
£
172,534
174,392
115,225
34,100
95,895
67,822
50,865
22,418
22,010
18,002
99,896
93,245
6,174
4,176
2,532
-
565,131
414,155
Support
costs (see
note 5)
Totals
£
£
43,691
932,292
Governance
costs
£
43,691
2023
2022
£
£
14,369
11,511
3,686
759
-
(3,672)

4.

5.

6. NET INCOME/(EXPENDITURE)

continued...

Page 19

Wishing Well Project

Notes to the Financial Statements - continued for the year ended 30 April 2023

7.

TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2023 nor for the year ended 30 April 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2023 nor for the year ended 30 April 2022.

8.

STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Employee		 2023
£
494,492
23,221
7,806
525,519
2023
28		 2022
£
380,652
18,580
5,721
404,953
2022
26

No employee received remuneration of more than £60,000.

None of the trustees were remunerated or received any other benefits during the year.

None of the trustees incurred or were reimbursed any expenses during the year.

The total amount of employee benefits by the Company's key management personnel was £79,041 (2022: £72,926). No benefits in kind are received by any members of the management team.

9.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
100,246
Charitable activities
Meal provision
174,392
Elderly care / day care / lunchclub
34,100
Pickmere bistro
67,822
Eagle bridge cafe
22,418
Room hire / cleaning
18,002
Young person support
-
Life long learning / education
4,176
Other income
3,672
Total
424,828		 Restricted
fund
£
130,661
-
-
-
-
-
93,245
-
-
223,906		 Total
funds
£
230,907
174,392
34,100
67,822
22,418
18,002
93,245
4,176
3,672
648,734

continued...

Page 20

Wishing Well Project

Notes to the Financial Statements - continued for the year ended 30 April 2023

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

10.

Unrestricted Restricted Total
fund fund funds
£ £ £
EXPENDITURE ON
Charitable activities
Charitable activities 428,825 215,409 644,234
NET INCOME/(EXPENDITURE) (3,997) 8,497 4,500
Transfers between funds 37,081 (37,081) -
Net movement in funds 33,084 (28,584) 4,500
RECONCILIATION OF FUNDS
Total funds brought forward 186,373 96,614 282,987
TOTAL FUNDS CARRIED FORWARD 219,457 68,030 287,487
TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
Improvements machinery fittings
£ £ £
COST
At 1 May 2022 - 16,035 12,896
Additions 9,532 2,910 13,763
At 30 April 2023 9,532 18,945 26,659
DEPRECIATION
At 1 May 2022 - 10,711 7,583
Charge for year 2,383 2,059 4,876
At 30 April 2023 2,383 12,770 12,459
NET BOOK VALUE
At 30 April 2023 7,149 6,175 14,200
At 30 April 2022 - 5,324 5,313

continued...

Page 21

Wishing Well Project

Notes to the Financial Statements - continued for the year ended 30 April 2023

10. TANGIBLE FIXED ASSETS - continued

11.

12.

Motor
Computer
vehicles
equipment
£
£
COST
At 1 May 2022
39,615
11,502
Additions
-
773
At 30 April 2023
39,615
12,275
DEPRECIATION
At 1 May 2022
20,707
11,369
Charge for year
4,727
324
At 30 April 2023
25,434
11,693
NET BOOK VALUE
At 30 April 2023
14,181
582
At 30 April 2022
18,908
133
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Trade debtors
112,305
Other debtors
932
113,237
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
£
Trade creditors
1,957
Social security and other taxes
11,276
Accrued expenses
75,018
88,251		 Totals
£
80,048
26,978
107,026
50,370
14,369
64,739
42,287
29,678
2022
£
58,530
11,898		 Totals
£
80,048
26,978
50,370
14,369
64,739
42,287
29,678
2022
£
58,530
11,898
70,428
2022
£
49
9,186
9,401
18,636

continued...

Page 22

Wishing Well Project

Notes to the Financial Statements - continued for the year ended 30 April 2023

13. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS
Comparatives for movement in funds
At 1.5.21
£
Unrestricted funds
General fund
186,373
Restricted funds
Restricted
96,614
TOTAL FUNDS
282,987		 At 1.5.22
£
219,457
68,030
287,487
Incoming
resources
£
574,341
310,658
884,999
Net
movement
in funds
£
(3,997)
8,497
4,500		 Net
movement
At
in funds
30.4.23
£
£
(87,577)
131,880
40,284
108,314
(47,293)
240,194
Resources
Movement
expended
in funds
£
£
(661,918)
(87,577)
(270,374)
40,284
(932,292)
(47,293)
Transfers
between
At
funds
30.4.22
£
£
37,081
219,457
(37,081)
68,030
-
287,487

continued...

Page 23

Wishing Well Project

Notes to the Financial Statements - continued for the year ended 30 April 2023

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS
A current year 12 months and prior year 12 months combined position is a
At 1.5.21
£
Unrestricted funds
General fund
186,373
Restricted funds
Restricted
96,614
TOTAL FUNDS
282,987		 Incoming
resources
£
424,828
223,906
648,734
s follows:
Net
movement
in funds
£
(91,574)
48,781
(42,793)		 Resources
Movement
expended
in funds
£
£
(428,825)
(3,997)
(215,409)
8,497
(644,234)
4,500
Transfers
between
At
funds
30.4.23
£
£
37,081
131,880
(37,081)
108,314
-
240,194

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 999,169 (1,090,743) (91,574)
Restricted funds
Restricted 534,564 (485,783) 48,781
TOTAL FUNDS 1,533,733 (1,576,526) (42,793)

continued...

Page 24

Wishing Well Project

Notes to the Financial Statements - continued for the year ended 30 April 2023

14. EMPLOYEE BENEFIT OBLIGATIONS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £7,806 (2022 - £5,721). Contributions totalling £NIL (2022 - £NIL) were payable to the fund at the Statement of Financial Position date and are included in creditors.

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 April 2023.

Page 25

Wishing Well Project

Detailed Statement of Financial Activities
for the year ended 30 April 2023
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Grants
Charitable activities
Charitable activities
Other income
Gain on sale of tangible fixed assets
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Hire of plant & machinery
Postage & stationery
Sundries
Bank charges
Computer consumables
Repairs & renewals
Advertising
Motor
Cleaning & waste disposal
Subscriptions
Purchases
Premises expenses
Bad debts
Leasehold improvements
Plant and machinery
Fixtures and fittings
Motor vehicles
Computer equipment		 2023
£
9,207
11,250
299,411
319,868
565,131
-
884,999
471,152
23,221
7,806
3,686
1,199
1,979
3,519
391
3,596
1,663
1,428
14,470
3,055
276,611
52,428
8,029
2,383
2,058
4,876
4,727
324
888,601		 2022
£
6,453
-
224,454
230,907
414,155
3,672
648,734
359,547
18,580
5,721
759
1,588
2,860
1,827
1,368
12,500
1,302
6,248
11,244
2,817
170,542
-
-
-
1,774
1,581
6,303
1,853
608,414

Support costs

This page does not form part of the statutory financial statements

Page 26

Wishing Well Project

Detailed Statement of Financial Activities for the year ended 30 April 2023

Detailed Statement of Financial Activities
for the year ended 30 April 2023
Support costs
Governance costs
Wages
Insurance
Telephone
Accountancy fees
Legal & professional
Volunteer expenses
Total resources expended
Net (expenditure)/income		 2023
£
23,340
8,381
2,840
6,039
2,880
211
43,691
932,292
(47,293)		 2022
£
21,105
5,743
2,898
5,836
75
163
35,820
644,234
4,500

This page does not form part of the statutory financial statements

Page 27