**REGISTERED COMPANY NUMBER: 06227115 (England and Wales) REGISTERED CHARITY NUMBER: 1180756**
## **Report of the Trustees and**
## **Financial Statements**
**for the Year Ended 30 April 2025**
**for**
**Wishing Well Project**
Banks Sheridan (Statutory Auditor) Datum House Electra Way Crewe Cheshire CW1 6ZF
**Wishing Well Project**
## **Contents of the Financial Statements for the year ended 30 April 2025**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|11|
|**Report of the Independent Auditors**|12|to|14|
|**Statement of Financial Activities**||15||
|**Statement of Financial Position**||16||
|**Statement of Cash Flows**||17||
|**Notes to the Statement of Cash Flows**||18||
|**Notes to the Financial Statements**|19|to|30|
|**Detailed Statement of Financial Activities**|31|to|32|
**Wishing Well Project**
**Report of the Trustees for the year ended 30 April 2025**
## **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 2024 - 30th April 2025.
## **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 disadvantaged members of our society.
To achieve our mission, we have set out 5 key aims:
o Improve the health and wellbeing of our communities
o Reduce health inequalities
o Provide opportunities for people to live well and for longer
o Remove barriers to participation in health and wellbeing activities o Reach out to support those most vulnerable
## **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, HR Director and Catering Director. 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**
Founded as a local project to tackle health inequalities at a local level back in 2002, the organisation is now considered one of the largest non-statutory health and social care providers in the North West of England.
Whilst the charity has firm foundations through its establishment in Crewe, the organisation now reaches communities in Alsager, Nantwich, Sandbach, Middlewich, Northwich and the surrounding rural areas. Our growth over the last 3 years has meant that we now reach approximately 9,000 people every year.
Our organisation delivers upon its mission to improve the health and wellbeing of local people through our key strategic themes of Start Well, Live Well and Age Well.
The Wishing Well tackles a wide 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.
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## **Wishing Well Project**
## **Report of the Trustees for the year ended 30 April 2025**
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 complex matters:
o Loneliness and social isolation o Poverty o People living in chronic pain (physical and/or mental) o Depression and anxiety o Substance misuse o Physical inactivity o Homelessness o Unemployment o Crime and anti-social behaviour o Family and domestic unrest o People with poor physical or mental wellbeing
## **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.
Our Start Well services aim to provide children, young people and their families with the opportunity to have a better start in life through a range of contact-based activities such as Parent & Tots sessions, after school clubs, youth clubs and parenting support.
Our Live Well services support those who may be experiencing disadvantage from the ages of 18-65. These people may be experiencing one or a number of disadvantages such as living with chronic pain (physical or mental), disability, living with long-term or complex health conditions, living with addiction, substance or alcohol abuse and misuse, poverty, grief or homelessness. We provide a wide range of support services for these people ranging from drop-in sessions, support groups, 1-1 counselling, structured activities and excursions.
Our Age Well services aim to support those over 65 who may need support to live at home independently or would like to connect with others in a safe, warm and welcoming environment. We deliver a wide range of lunch clubs, day care sessions, activity clubs, dementia support sessions and our Daily Meals and Welfare delivery service provides approximately 140 meals to the most vulnerable in our community every day.
## **Finance Review**
The table below shows the financial performance of The Wishing Well since it became a registered charity - with first accounts produced for Financial Year 2019-20.
|**Financial Year**|**Income**|**Expenditure**|
|---|---|---|
|2019-20|£651k|£640k|
|2020-21|£691k|£603k|
|2021-22|£648k|£644k|
|2022-23|£885k|£932k|
|2023-24|£997k|£1.08m|
|2024 -25|£1.07m|£999k|
The last two years have shown significant increases in both the income and expenditure levels of The Wishing Well. This can largely be attributed to an increase in demand for services and increased external funding to deliver key projects to meet this demand.
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## **Wishing Well Project**
## **Report of the Trustees for the year ended 30 April 2025**
The Wishing Well has strengthened its position as a key local charity delivering impactful services which has attracted investment from funders such as Cheshire Community Foundation, The National Lottery and Steve Morgan Foundation. As well as this, The Wishing Well has secured substantial funding from Mr Peter Colyer and our newest key strategic partner Cadent.
Our performance in recent years should demonstrate that the funding secured has proven to be of sound investment and has enabled year on year financial growth and increased impact. From a geographical growth perspective, The Wishing Well has positioned itself within the heart of the community it serves by managing premises/venues within Crewe, Nantwich and Northwich - whilst also delivering outreach provision in venues within Sandbach and Middlewich. The timeline below show the geographic growth of The Wishing Well:
o Management of Jubilee House, Crewe (2014 - Present)
o Management of Eagle Bridge Community Café (2014 - Present)
o Management of George's Community Hub, Crewe (2015 - Present)
o Outreach provision to Union Street, Sandbach (2016 - Present)
o Management of Pickmere Independent Living Centre Bistro, Crewe (2019 - Present)
o Management of Mill House Independent Living Centre, Nantwich (2021 - Present)
o Management of Start Well Community Hub, Crewe (2022 - Present)
o Management of Anderton Place Independent Living Centre, Northwich (2024 - Present)
o Outreach provision to Willowmere Independent Living Centre, Middlewich (2025 - Present)
## **Principal Funding & Key Strategic Partners**
The Wishing Well continues to work with a wide range of funding partners that enables the delivery of our key projects and services. Below is a funding review that includes the name, size of investment and brief outline on what the funding aligns to.
In some cases, the funding we secure can be attributed to core running costs of The Wishing Well. These unrestricted funds are crucial to the stability of the organisation and help to cover the costs associated with the day-to-day functions of the charity.
We have found that within this financial year we have been able to secure more funding that aligns to the core costs of the charity.
## Cadent - £148,319
This funding brought about the development of our Cadent Centres for Warmth project within our 3 community hubs across Crewe. It allowed us to deliver a range of community engagement projects and activities reaching some of the most vulnerable within our community. Through this funding, we have been able to sustain and extend our provision of some of our critical community services.
## The Equilibrium Foundation - £1,667
This funding is a core cost contribution and helps us to keep Jubilee House running throughout the year. The donation from the foundation is allocated to utility costs (Water, Lighting/Heating, Waste) associated with Jubilee House that continue to rise sharply year on year due to the cost of living crisis
## Steve Morgan Foundation - £26,328
This funding is specifically for the design and delivery of our Start Well provision from our Start Well Hub in Crewe. The funding contributes to the staffing costs associated with our delivery and funds the part time youth workers we have within this team. This is the second year of funding from an initial three year investment period.
## The National Lottery Community Fund - £45,021
Funding from the National Lottery has supported the delivery of our Live Well and Age Well provision. Funding is allocated to the delivery of our Wellbeing provision and general running costs of our activities delivered from Jubilee House in Crewe. Funding supports staffing costs and materials associated with delivery. This includes food and catering materials associated with our meals service, lunch club and day care provision which typically reach older people experiencing loneliness and isolation.
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**Wishing Well Project**
## **Report of the Trustees for the year ended 30 April 2025**
## Cheshire East Council HAF - £14,243
Our Holiday Programme activities are funded by HAF. This central government funding is administered by Cheshire East Council. The funding supports the delivery costs of all our Holiday Programme activities within the year including our flagship Summer Holiday Programme, Winter Programme and Easter Programme. The funding supports the costs associated with delivery including staffing and material costs
## Cheshire East Council Community Grants - £28,600
Funding through Cheshire East Community Grants supports the delivery of our Meals and Welfare service enabling us to reach more people who require our support.
## Peter Colyer - £65,000
Mr Colyer's investment supports the design, development and delivery of our Start Well services. His support ensured that we could deliver our services free at the point of entry for children and young people in Crewe.
## Masonic Charitable Foundation - £14,130
This investment from the MCF helps to develop and deliver our Meals and Welfare service which reaches approximately 130 people every day. This funding is the first year of a two year funding agreement with one of our new international partners.
## The Guinness Partnership - £3,000
Our relationship with Guinness continues to grow and this funding was to support the delivery of our catering provision within Crewe and Nantwich. Funding helps us to keep our Bistro prices low whilst also supporting the delivery of wellbeing provision within our venues at Mill House and Pickmere Independent Living Centres.
## Cheshire Community Foundation - Bentley Fund - £10,167
This investment from Bentley through the Cheshire Community Foundation enables The Wishing Well to deliver its community based Supported Adults Service. More specifically, the funding allows the organisation to deliver evening based provision and a weekly drop in service which reaches more people living with autism and/or a learning disability. The funding helps to cover the costs associated with the delivery of the service including staffing and session materials.
## IRIS and Ruby Funding - £14,560
This funding supports the costs associated with delivering our visually impaired provision. This project enables us to provide weekly drop in sessions for blind people or those with other visual impairments. Funding directly supports the delivery of the project by covering the staffing and materials used.
## Cheshire Community Foundation - £33,338
This funding enabled the development of The Wishing Well community based project that uses football as a tool to tackle disadvantage. The project has reached people experiencing one or multiple disadvantages such as: homelessness, chronic ill health (physical/mental), living with addiction, asylum seeking, unemployment and poverty. The funding helps to cover the running costs of the project and the management aspects of the partnership.
## Crewe Town Council - £13,500
The Wishing Well has a longstanding relationship with Crewe Town Council with many of our projects benefitting from their investment in recent years. This donation was towards the delivery of our wellbeing walks, SAS, Street Sports and friendship projects based in Crewe.
## Julia Rausing Trust - £22,500
This funding supports the rising costs associated with our Daily Meals and Welfare service. Due to this support we have been able to keep this crucial community project running that has served over 40,000 meals in the local community.
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**Wishing Well Project**
## **Report of the Trustees for the year ended 30 April 2025**
## **Reserves Policy**
The organisation has not accessed its Reserves during the recent Cost of Living crisis which shows the financial resilience of the charity. Indeed, the Reserves held remains consistent - although slightly increased with the surplus generated this financial year. The Wishing Well remains within the 3 - 6 month Reserve Policy which indicates good levels of financial security whilst also ensuring funding received is being used to deliver our provision.
Key core funding opportunities and/or unrestricted funding sources continue to be prioritised to enable the organisation to strengthen its Reserve Policy.
## **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.
After reviewing the facets of the organisation and, specifically, examining the key income areas the Board agreed to set up a trading arm of the business and this was to become a separate entity referred to as Wishing Well Trading Company. This organisation, also a limited company, encompasses the key trading aspects of The Wishing Well including the Bistros and Café function of the organisation.
Within this reporting period significant steps forward have been made in the governance structure of the charity. The appointment of two new Directors brings fresh perspectives, ideas and energy whilst also acting as a catalyst to deliver change at a Governance level.
The Wishing Well are led by a Board of Directors (Trustees) who meet monthly on site at one of the community hubs. There are 7 Directors on the Board each holding a Governance Lead responsibility for:
Finance - Finance Director, Tim Robins
Tim is a former auditor and accountant with extensive experience initially at Deloitte before moving onto UK Fuels (which they became Radius) within Crewe. Tim is a visible and approachable Finance Director who works closely with the CEO and Chair of the Board to manage the financial aspects of The Wishing Well.
## **People**
HR Director, Danny Silcock
Danny is Director of Centre of Excellence at Bentley Motors who are another major employer within Crewe. Danny's people centric approach is crucial to the cultural aspect of The Wishing Well.
Health & Safety - Director of Health & Safety, Emma Haworth
Emma is Head of Supply Chain at Arriva who are key partner within Crewe and a tangible link to the rail industry which is an important part of the town and its heritage. Emma brings a wealth of experience in managing risk.
## Safeguarding - Director of Safeguarding, Pat Sandland
Pat is a former NHS and social housing manager with extensive experience in managing teams, facilities and services. Pat leads on all aspects of Safeguarding at The Wishing Well.
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**Wishing Well Project**
## **Report of the Trustees for the year ended 30 April 2025**
## Communities - Director of Communities, Audrey Roberts
Audrey is one of our longest standing Directors who has helped shape and steer the growth and impact of The Wishing Well within our local community. Audrey also works for Radius and plays a key role in our relationship with the company.
Catering - Catering Director, Natalie Hand
Natalie recently joined The Wishing Well as Catering Director as we evolve our catering offer within the community through our Meals and Welfare service and Bistro/Café venues in Cheshire. Natalie brings significant skill and experience within managing teams, supply chains and improving catering performance.
Partnerships - Chair of the Board, Richard Weilding
Richard holds an extensive career in finance and banking to supplement his social impact mission to tackle inequality at a local level. Richard sits on several Boards to champion the work of The Wishing Well whilst also influencing change at a local, regional and national level.
The Board of Directors hold the Chief Executive Officer accountable for the strategic direction and day to day management of The Wishing Well. The Chief Executive has been in place since March 2017 and has guided the charity through the pandemic and subsequent cost of living crisis. Holding an MBA and demonstratable evidence of growing a charity responsibly and sustainably through periods of unprecedent challenge and change.
The Chief Executive manages a small, lean and efficient executive team with day-to-day operations managed by a skilled and experienced Chief Operating Officer. Our partnerships are identified and nurtured through a Chief Partnership Officer with a level of "Heads of" leading and accountable for the performance of Start Well, Live Well, Age Well and the ongoing development of Eat Well.
## **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 largely aligned to the Governance sub-committee areas and are identified as:
o Health & Safety
o Safeguarding o Data Protection o Finance o Health & Wellbeing
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.
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.
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**Wishing Well Project**
## **Report of the Trustees for the year ended 30 April 2025**
The Chief Executive has built a senior leadership team with a key focus on the 3 core services that The Wishing Well delivers upon:
Start Well: Provision of services for 0-18 year olds and their families
o Parents and Tots Drop In o Stay & Play o Children & Family Drop In o Girls Wellbeing Group o After School Clubs o HAF Holiday Programmes o Home Education Service o HubFIT o Street Sports o Pop Up in Parks o Youth Peer Support o Youth Voice o Youth Club o Youth Zone Consultation o Football sessions with Crewe Alexandra FC
Live Well: Provision of services for 19 - 65 year olds
o Peer Support o Wishing Wellbeing o 5 Ways to Wellbeing o Supported Adults Service o Disadvantaged Football Project o IRIS Visually Impaired Provision o Saturday Kitchen with Chance Changing Lives o Cooking Courses o Lifelong Learning Provision o Wellbeing Walks o Healthy Weight Management o Seated Chair Exercise Classes o Yoga at The Wishing Well
Age Well: Provision of services for over 65 year olds
o Daily Meals and Welfare Service o Jubilee House Lunch Clubs o Nantwich Civic Lunch Club o Dementia Support Club o OTAGO (Middlewich) o Jubilee House Daycare (Crewe) o Union Street Daycare (Sandbach)
Key Outputs Delivered in 2024/25
Start Well
121 Start Well sessions delivered (Parents & Tots, Children & Family Drop In, Youth Clubs) 149 Evening Street Sports sessions delivered 138 Holiday Programme sessions delivered 1,024 Unique children and young people reached 721 Unique parents/grandparents/carers reached 8,958 Total attendances of Start Well provision
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**Wishing Well Project**
## **Report of the Trustees for the year ended 30 April 2025**
## Live Well
242 wellbeing sessions delivered 289 Social activity sessions for supported adults 47 Day trips for supported adults 8 Supported adults moving into volunteering/training/employment 285 Unique number of adults with autism/learning disability reached 128 Physical activity session delivered for adults 176 adults attending physical activity provision
## Age Well
41,832 Fresh, hot meals delivered to older people 902 social activities delivered for older people 206 Physical activity sessions delivered to older people 43,580 visits to vulnerable older people 428 Christmas care packages / gifts for older people 196 Physical activity sessions delivered 72 Emergency food parcels sent out to vulnerable people
## **External Factors Influencing Performance**
## Cost of Living
Whilst inflation levels have stabilised in recent years, there remains elevated costs on some areas of the services we deliver. We have adjusted pricing within our service areas to close the operating loss yet we are still reliant on external funding to bridge the gap.
Within 2024/25 we have benefitted form core and unrestricted funding that has helped to protect our key services such as our Meals and Welfare provision - which remains our largest community provision whilst also our most expensive to deliver.
Our financial resilience has remained steadfast within 2024/25 and our accounts show that we have been able to navigate through the challenges associated with the rising costs.
## **Acknowledgements**
The Wishing Well is an established provider of health and wellbeing services in 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 Balfour Beatty Banks Sheridan Bentley Motors Bill Holmes British Red Cross B&Q Cadent Chance Changing Lives Cheshire Buddies Cheshire Community Foundation Cheshire Connect Cheshire Constabulary
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**Wishing Well Project**
## **Report of the Trustees for the year ended 30 April 2025**
Cheshire East Community Voluntary Service Cheshire East Council Cheshire Fire Service Cheshire Police Crime Commissioner Crewe Alexandra FC Crewe Business Improvement District Crewe FC Crewe Police Crewe Town Council Crewe Nub News Custom Powders Discount Cleaning Supplies Equilibrium Foundation Keltbray Leighton HospitalLord Lieutenant of Cheshire Mr Peter Colyer Morning Foods Morrison's Motherwell Cheshire NHS Mid Cheshire Hospital Trust NHS Integrated Care Board NHS Care Community - Crewe NHS England Radius Slimming World South Cheshire Chamber of Commerce South Cheshire CLASP Sport England Steve Morgan Foundation St Paul's Centre Swansway Group TESCO The Guinness Partnership The Dome Youth Zone The National Lottery YMCA Cheshire Weight Watchers UK
## **STRATEGIC REPORT**
## **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
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**Wishing Well Project**
## **Report of the Trustees for the year ended 30 April 2025**
## **Trustees**
R Weilding A Roberts E Haworth P Sandland T Robins FCA D Silcock Director (appointed 1.9.24) S N Hand (appointed 9.6.25)
## **Senior Statutory Auditor**
Darren Walley FCCA
## **Auditors**
Banks Sheridan (Statutory Auditor) Datum House Electra Way Crewe Cheshire CW1 6ZF
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Wishing Well Project for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards 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 charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **AUDITORS**
The auditors, Banks Sheridan (Statutory Auditor), will be proposed for re-appointment at the forthcoming Annual General Meeting.
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**Wishing Well Project**
## **Report of the Trustees for the year ended 30 April 2025**
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 10 December 2025 and signed on the board's behalf by:
R Weilding - Trustee
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## **Report of the Independent Auditors to the Members of Wishing Well Project**
## **Opinion**
We have audited the financial statements of Wishing Well Project (the 'charitable company') for the year ended 30 April 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
## In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 30 April 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
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## **Report of the Independent Auditors to the Members of Wishing Well Project**
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
non-compliance with laws and regulations (irregularities) and fraud that are material to the financial statements. Our audit procedures included but were not limited to:
- Discussing with the trustees and management their policies and procedures regarding compliance with laws and regulations;
- Communicating identified laws and regulations throughout our engagement team and remaining alert to any indications of non-compliance throughout our audit; and
- Considering the risk of acts by the company which were contrary to applicable laws and regulations, including fraud.
Our audit procedures in relation to fraud included but were not limited to:
- Making enquiries of the trustees and management on whether they had knowledge of any actual, suspected or alleged fraud;
- Gaining an understanding of the internal controls established to mitigate risks related to fraud;
- Discussing amongst the engagement team the risks of fraud; and
- Addressing the risks of fraud through management override of controls by performing journal entry testing.
There are inherent limitations in the audit procedures described above and the primary responsibility for the prevention and detection of irregularities including fraud rests with management. As with any audit, there remained a risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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**Report of the Independent Auditors to the Members of Wishing Well Project**
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Darren Walley FCCA (Senior Statutory Auditor) for and on behalf of Banks Sheridan (Statutory Auditor) Datum House Electra Way Crewe Cheshire CW1 6ZF
10 December 2025
Page 14
## **Wishing Well Project**
## **Statement of Financial Activities for the year ended 30 April 2025**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
4
Meal Provision
Elderly Care / Day Care / Lunchclub
Pickmere Bistro
Eagle Bridge Cafe
Room Hire / Cleaning
Young Person Support
Life Long Learning / Education
IRIS
External Catering
Mill House
Investment income
3
**Total**
**EXPENDITURE ON**
**Charitable activities**
5
Charitable activities
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
18
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
As previously reported
Prior year adjustment
11
**As restated**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
13,370
198,647
50,854
28,144
22,409
63,015
132,689
4,080
1,371
47,628
26,322
2,355
590,884
564,378
26,506
(26,975)
(469)
137,952
4,643
142,595
142,126|Restricted
funds
£
487,241
-
-
-
-
-
-
-
-
-
-
-
487,241
475,342
11,899
26,975
38,874
86,204
-
86,204
125,078|2025
Total
funds
£
500,611
198,647
50,854
28,144
22,409
63,015
132,689
4,080
1,371
47,628
26,322
2,355
1,078,125
1,039,720
38,405
-
38,405
224,156
4,643
228,799
267,204|2024
Total
funds
as restated
£
339,770
186,988
44,846
79,609
65,114
27,417
108,627
14,702
2,122
49,669
80,524
-
999,388
1,010,783
(11,395)
-
(11,395)
240,194
-
240,194
228,799|
|---|---|---|---|---|
The notes form part of these financial statements
Page 15
## **Wishing Well Project**
## **Statement of Financial Position 30 April 2025**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Intangible assets
12
1,530
Tangible assets
13
18,945
20,475
**CURRENT ASSETS**
Debtors
14
96,558
Cash at bank and in hand
72,464
169,022
**CREDITORS**
Amounts falling due within one year
15
(47,371)
**NET CURRENT ASSETS**
121,651
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
142,126
**NET ASSETS**
142,126
**FUNDS**
18
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
5,297
5,297
10,597
173,547
184,144
(64,363)
119,781
125,078
125,078|2025
Total
funds
as
£
1,530
24,242
25,772
107,155
246,011
353,166
(111,734)
241,432
267,204
267,204
142,126
125,078
267,204|2024
Total
funds
restated
£
-
31,066
31,066
69,666
256,478
326,144
(128,411)
197,733
228,799
228,799
142,595
86,204
228,799|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 10 December 2025 and were signed on its behalf by:
R Weilding - Trustee
The notes form part of these financial statements
Page 16
## **Wishing Well Project**
## **Statement of Cash Flows for the year ended 30 April 2025**
|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 intangible fixed assets
Purchase 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**
2
**Cash and cash equivalents at the end of**
**the reporting period**
2|2025
a
£
(2,570)
(2,570)
(2,097)
(3,145)
(5,242)
(7,812)
253,823
246,011|2024
s restated
£
81,090
81,090
-
(188)
(188)
80,902
172,921
253,823|
|---|---|---|
The notes form part of these financial statements
Page 17
## **Wishing Well Project**
## **Notes to the Statement of Cash Flows for the year ended 30 April 2025**
## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**Net income/(expenditure) for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
(Increase)/decrease in debtors
(Decrease)/increase in creditors
**Net cash (used in)/provided by operations**
**2.**
**ANALYSIS OF CASH AND CASH EQUIVALENTS**
Cash in hand
Notice deposits (less than 3 months)
Overdrafts included in bank loans and overdrafts falling due within one year
Total cash and cash equivalents|2025
a
£
38,405
10,537
(37,489)
(14,023)
(2,570)
2025
a
£
384
245,627
-
246,011|2024
s restated
£
(11,395)
11,409
43,571
37,505
81,090
2024
s restated
£
31
256,447
(2,655)
253,823|
|---|---|---|
## **3. ANALYSIS OF CHANGES IN NET FUNDS**
|**Net cash**|At 1.5.24
Cash flow
At 30.4.25
£
£
£|
|---|---|
|Cash at bank and in hand|256,478
(10,467)
246,011|
|Bank overdraft|(2,655)
2,655
-|
||253,823
(7,812)
246,011|
|**Total**|253,823
(7,812)
246,011|
The notes form part of these financial statements
Page 18
**Wishing Well Project**
## **Notes to the Financial Statements for the year ended 30 April 2025**
## **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 December 2026.
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 charity
After due consideration of the above the trustees are not aware of any other uncertainties regarding the charities' ability to continue as a going concern and after reviewing the charitable company's post year end income documentation and forecasts, the trustees are satisfied that the charitable company has adequate resources to continue in operational existence. The charitable 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.
continued...
Page 19
**Wishing Well Project**
## **Notes to the Financial Statements - continued for the year ended 30 April 2025**
## **1. ACCOUNTING POLICIES - continued**
## **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.
## **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.
## **Intangible assets**
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
An impairment loss is recognised in the Statement of Financial Activities (SoFA), following an assessment at the Statement of Financial Position date indicating the recoverable amount was less than its carrying value.
Computer software is being amortised evenly over its estimated life of four years.
## **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.
continued...
Page 20
**Wishing Well Project**
## **Notes to the Financial Statements - continued for the year ended 30 April 2025**
## **1. ACCOUNTING POLICIES - continued**
## **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.
## **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
Gift aid
Grants|2025
a
£
13,370
16,250
470,991
500,611|2024
s restated
£
11,726
9,083
318,961
339,770|
|---|---|---|
continued...
Page 21
## **Wishing Well Project**
## **Notes to the Financial Statements - continued for the year ended 30 April 2025**
## **2. DONATIONS AND LEGACIES - continued**
Grants received, included in the above, are as follows:
|OTAGO
The Equilibrium Foundation
Steve Morgan Funding Grant
The National Lottery Community Fund
Active Cheshire
Cheshire Community Foundation
Peter Colyer - funding for the provision of children and families services
The Guinness Partnership
Crewe Town Council
Cheshire Community Foundation - Bentley Fund
IRIS and Ruby Funding
NHS Winter Pressures
Julia and Hans Rausing Trust
Cheshire East Community Grant
Asylum Outreach Project
Round Table Meal Delivery Funding
Cadent Project
Garfield Weston Foundation
McCarthy Stone Foundation
CEC Community
Masonic Charitable Foundation
CEC Community - HAF
Sainsbury's Foundation
Mental Health Projects
Feeding Britain
SC & VR GP Alliance
Custom Powders Ltd - The George's Centre
Other grants
**3.**
**INVESTMENT INCOME**
Bank interest received|2025
a
£
-
1,667
26,328
45,021
-
33,338
65,000
3,000
13,500
10,167
14,560
-
22,500
28,600
-
-
148,319
-
-
-
14,130
14,243
-
16,780
1,950
2,500
9,388
-
470,991
2025
a
£
2,355|2024
s restated
£
1,453
2,388
28,634
68,126
2,154
-
35,000
4,500
1,000
26,400
14,560
12,500
-
-
18,510
3,500
-
10,000
1,000
29,260
28,260
18,507
1,500
-
-
-
-
11,709
318,961
2024
s restated
£
-|
|---|---|---|
continued...
Page 22
**Wishing Well Project**
## **Notes to the Financial Statements - continued for the year ended 30 April 2025**
## **4. 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
External Catering
Charitable activities
Mill House|2025
a
£
198,647
50,854
28,144
22,409
63,015
132,689
4,080
1,371
47,628
26,322
575,159|2024
s restated
£
186,988
44,846
79,609
65,114
27,417
108,627
14,702
2,122
49,669
80,524
659,618|
|---|---|---|
In May 2023 The Wishing Well Trading Company Limited was formed in order to facilitate the trading function of Pickmere Bistro, Eagle Bridge Café and Mill House.The company commenced trading in August 2024.
## **5. CHARITABLE ACTIVITIES COSTS**
|Charitable activities
**SUPPORT COSTS**
Charitable activities|Direct
Costs
£
1,007,823|Support
costs (see
note 6)
£
31,897|Totals
£
1,039,720
Governance
costs
£
31,897|
|---|---|---|---|
## **6. SUPPORT COSTS**
## **7. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
|Auditors' remuneration|2025
2024
as restated
£
£
8,000
-|
|---|---|
|Depreciation - owned assets|9,969
11,409|
|Hire of plant and machinery|14,013
7,166|
|Computer software amortisation|567
-|
|Auditors remuneration - Non audit work|6,280
8,599|
continued...
Page 23
## **Wishing Well Project**
## **Notes to the Financial Statements - continued for the year ended 30 April 2025**
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 April 2025 nor for the year ended 30 April 2024.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024.
## **9. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Start Well
Live Well
Age Well
Management
No employees received emoluments in excess of £60,000.
**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
23,436
**Charitable activities**
Meal Provision
186,988
Elderly Care / Day Care / Lunchclub
44,846
Pickmere Bistro
79,609
Eagle Bridge Cafe
65,114
Room Hire / Cleaning
27,417
Young Person Support
108,627
Life Long Learning / Education
14,702
IRIS
2,122
External Catering
49,669
Mill House
80,524
**Total**
683,054|||2025
£
594,109
33,482
9,453
637,044
2025
5
12
23
2
42
Restricted
funds
£
316,334
-
-
-
-
-
-
-
-
-
-
316,334|a
a
|s
s
a|2024
restated
£
525,507
28,045
8,403
561,955
2024
restated
5
8
23
2
38
Total
funds
s restated
£
339,770
186,988
44,846
79,609
65,114
27,417
108,627
14,702
2,122
49,669
80,524
999,388|
|---|---|---|---|---|---|---|
## **EXPENDITURE ON**
continued...
Page 24
## **Wishing Well Project**
## **Notes to the Financial Statements - continued for the year ended 30 April 2025**
|**10.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
fund
funds
£
£
**Charitable activities**
Charitable activities
672,339
338,444
**NET INCOME/(EXPENDITURE)**
10,715
(22,110)
**Transfers between funds**
32,107
(32,107)
**Net movement in funds**
42,822
(54,217)
**RECONCILIATION OF FUNDS**
Total funds brought forward
99,773
140,421
**TOTAL FUNDS CARRIED FORWARD**
142,595
86,204
**11.**
**PRIOR YEAR ADJUSTMENT**
The results for the period ended 30 April 2024 have been restated to correct a revenue cut off
included in the financial statements for that year, which was identified by the company's auditors.|Total
funds
as restated
£
1,010,783
(11,395)
-
(11,395)
240,194
228,799
misstatements|
|---|---|
Summary of accounting impact on the financial statements;
|Correction of deferred income misstated
Increase in unrestricted funds|30.04.24
£
4,643
4,643|
|---|---|
## **12. INTANGIBLE FIXED ASSETS**
|**INTANGIBLE FIXED ASSETS**||
|---|---|
|**COST**|Computer
software
£|
|Additions|2,097|
|**AMORTISATION**||
|Charge for year|567|
|**NET BOOK VALUE**||
|At 30 April 2025|1,530|
|At 30 April 2024|-|
continued...
Page 25
**Wishing Well Project**
## **Notes to the Financial Statements - continued for the year ended 30 April 2025**
## **13. TANGIBLE FIXED ASSETS**
|Leasehold
Improvements
£
**COST**
At 1 May 2024
9,532
Additions
3,145
At 30 April 2025
12,677
**DEPRECIATION**
At 1 May 2024
4,766
Charge for year
3,169
At 30 April 2025
7,935
**NET BOOK VALUE**
At 30 April 2025
4,742
At 30 April 2024
4,766
Motor
vehicles
£
**COST**
At 1 May 2024
39,615
Additions
-
At 30 April 2025
39,615
**DEPRECIATION**
At 1 May 2024
28,979
Charge for year
2,659
At 30 April 2025
31,638
**NET BOOK VALUE**
At 30 April 2025
7,977
At 30 April 2024
10,636
**14.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors|Plant and
machinery
£
18,945
-
18,945
14,314
1,157
15,471
3,474
4,631
Computer
equipment
£
12,463
-
12,463
12,080
321
12,401
62
383
2025
a
£
81,772
25,383
107,155|Fixtures
and
fittings
£
26,659
-
26,659
16,009
2,663
18,672
7,987
10,650
Totals
£
107,214
3,145
110,359
76,148
9,969
86,117
24,242
31,066
2024
s restated
£
69,346
320
69,666|
|---|---|---|
continued...
Page 26
**Wishing Well Project**
## **Notes to the Financial Statements - continued for the year ended 30 April 2025**
## **15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Bank loans and overdrafts (see note 16)
Trade creditors
Social security and other taxes
VAT
Other creditors
Accruals and deferred income
Accrued expenses|2025
a
£
-
10,952
6,988
5,295
-
64,363
24,136
111,734|2024
s restated
£
2,655
2,784
11,034
71,418
2,055
7,065
31,400
128,411|
|---|---|---|
## **16. LOANS**
An analysis of the maturity of loans is given below:
|Amounts falling due within one year on demand:|2025
2024
as restated
£
£|
|---|---|
|Bank overdrafts|-
2,655|
## **17. LEASING AGREEMENTS**
Minimum lease payments under non-cancellable operating leases fall due as follows:
|Within one year
Between one and five years|2025
as
£
28,862
18,172
47,034|2024
restated
£
18,091
8,096
26,187|
|---|---|---|
continued...
Page 27
## **Wishing Well Project**
## **Notes to the Financial Statements - continued for the year ended 30 April 2025**
## **18. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Meal Provision
Young Persons
Disadvantaged Football
IRIS/ RUBY
Mental Health Project
Elderly care, Day care &
Lunch Club
Children & Families
Cadant
**TOTAL FUNDS**|At 1.5.24
£
137,952
38,260
-
-
-
-
43,084
4,860
-
86,204
224,156|Prior
year
adjustment
£
4,643
-
-
-
-
-
-
-
-
-
4,643|Net
movement
in funds
£
26,506
10,388
(14,233)
7,244
426
472
1,257
19,087
(12,742)
11,899
38,405|Transfers
between
funds
£
(26,975)
-
14,233
-
-
-
-
-
12,742
26,975
-|At
30.4.25
£
142,126
48,648
-
7,244
426
472
44,341
23,947
-
125,078
267,204|
|---|---|---|---|---|---|
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Meal Provision
Young Persons
Disadvantaged Football
IRIS/ RUBY
Mental Health Project
Fundraising, Donations & Grants
Governance
Elderly care, Day care & Lunch Club
Children & Families
Cadant
**TOTAL FUNDS**|Incoming
resources
£
590,884
110,560
27,555
23,490
14,560
16,781
9,769
9,820
50,713
138,169
85,824
487,241
1,078,125|Resources
expended
£
(564,378)
(100,172)
(41,788)
(16,246)
(14,134)
(16,309)
(9,769)
(9,820)
(49,456)
(119,082)
(98,566)
(475,342)
(1,039,720)|Movemen
in funds
£
26,506
10,388
(14,233)
7,244
426
472
-
-
1,257
19,087
(12,742)
11,899
38,405|
|---|---|---|---|
continued...
Page 28
## **Wishing Well Project**
## **Notes to the Financial Statements - continued for the year ended 30 April 2025**
## **18. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Meal Provision
Young Persons
IRIS/ RUBY
Elderly care, Day care & Lunch Club
Children & Families
Cadant
Asylum Outreach
Donations
**TOTAL FUNDS**|At 1.5.23
£
99,773
4,197
31,274
-
95,577
2,519
6,854
-
-
140,421
240,194|Net
movement
in funds
£
10,715
34,063
(31,274)
1,869
(52,493)
2,341
(6,854)
18,510
11,728
(22,110)
(11,395)|Transfers
between
funds
£
32,107
-
-
(1,869)
-
-
-
(18,510)
(11,728)
(32,107)
-|At
30.4.24
£
142,595
38,260
-
-
43,084
4,860
-
-
-
86,204
228,799|
|---|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Meal Provision
Young Persons
IRIS/ RUBY
Elderly care, Day care & Lunch Club
Children & Families
Cadant
Eagle Bridge
Asylum Outreach
Donations
**TOTAL FUNDS**|Incoming
resources
£
683,054
84,211
14,673
14,560
35,061
125,091
-
12,500
18,510
11,728
316,334
999,388|Resources
expended
£
(672,339)
(50,148)
(45,947)
(12,691)
(87,554)
(122,750)
(6,854)
(12,500)
-
-
(338,444)
(1,010,783)|Movemen
in funds
£
10,715
34,063
(31,274)
1,869
(52,493)
2,341
(6,854)
-
18,510
11,728
(22,110)
(11,395)|
|---|---|---|---|
continued...
Page 29
## **Wishing Well Project**
## **Notes to the Financial Statements - continued for the year ended 30 April 2025**
## **19. 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 £9,453 (2024 - £8.403).
## **20. RELATED PARTY DISCLOSURES**
## **Transactions with related Parties**
During the year the company entered into the following transactions with related parties:
|Balance owed from Wishing Well Trading at year end|2025
£
25,052|2024
£
-|
|---|---|---|
Wishing Well Trading is an entity with common directorship and/or entities where the Company directors exercise a significant control over the management of the related party entity.
All transactions are carried out at arm's length basis.
Page 30
**Wishing Well Project**
## **Detailed Statement of Financial Activities for the year ended 30 April 2025**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
Grants
**Investment income**
Bank interest received
**Charitable activities**
Charitable activities
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Hire of plant & machinery
Postage & stationery
Sundries
Bank charges
Computer consumables
Repairs & renewals
Motor
Cleaning & waste disposal
Subscriptions
Purchases
Premises expenses
Computer software amortisation
Leasehold improvements depreciation
plant & machinery depreciation
Fixtures & fittings depreciation
Motor vehicles depreciation
Computer equipment depreciation
**Support costs**
**Governance costs**
Wages
Auditors' remuneration
Carried forward|2025
£
13,370
16,250
470,991
500,611
2,355
575,159
1,078,125
582,457
33,482
9,453
14,013
1,252
6,088
3,328
1,835
12,765
4,878
15,447
2,772
252,943
56,573
567
3,169
1,158
2,663
2,659
321
1,007,823
11,652
8,000
19,652|2024
as restated
£
11,726
9,083
318,961
339,770
-
659,618
999,388
513,328
28,045
8,403
7,166
901
4,877
5,797
420
21,200
3,797
12,622
2,890
284,384
72,564
-
2,383
1,544
3,550
3,545
387
977,803
12,179
-
12,179|
|---|---|---|
This page does not form part of the statutory financial statements
Page 31
**Wishing Well Project**
## **Detailed Statement of Financial Activities for the year ended 30 April 2025**
|**Governance costs**
Brought forward
Insurance
Telephone
Accountancy fees
Legal & professional
Total resources expended
**Net income/(expenditure)**|2025
£
19,652
9,300
(2,203)
5,148
-
31,897
1,039,720
38,405|2024
as restated
£
12,179
8,502
3,700
6,199
2,400
32,980
1,010,783
(11,395)|
|---|---|---|
This page does not form part of the statutory financial statements
Page 32