Charity registration number 1193000
THE GENIES WISH CHARITY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
THE GENIES WISH CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
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Trustees Ms L Steadman
Mr D Sharp
Mr D Reekie
Ms W Gray
Charity number 1193000
Registered office Unit 61 Basepoint Centre
Harts Farm Way
Havant
Hampshire
PO9 1HS
Independent examiner Visualize Office Solutions Limited
Unit 19 Broxhead House
60 Barbados Road
Bordon
Hampshire
GU35 0FX
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THE GENIES WISH CHARITY
CONTENTS
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Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 13
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THE GENIES WISH CHARITY
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).
Objectives and activities
The Genies Wish Charity will be for the public's benefit within the community, across England and Wales, giving relief and assistance in need for people aged between birth and 40 years of age with a chronic or critical condition including terminal illnesses.
We will be providing long lasting wishes for the age group that will include one-time gifts/experiences to improve someone's life, including specialised equipment, technology, work experience opportunities, life skills, enhancing a personal passion, UK family holidays, experiences, etc.
The other area of the charity will be helping young carers from the ages of 5 to 18 years of age. We will be granting a wish to these special children and young adults through a referral programme from either a family member or through the Carers Trust Network Partners/Other Community based institutions. Being a young carer can have a big impact on the things that are important to growing up, including affecting a young person's health, wellbeing, social life and self-confidence.
The Genies Wish Charity will fulfil these special one-off wishes/experiences through a self-application process or by being referred by a family member, friend or someone within the community across England and Wales. A fundraising programme will be established by working within communities or our beneficiaries and having a corporate strategy, by working with various corporates across these areas.
Our beneficiaries will include any person from birth to the age of 40 that is suffering from a chronic or critical condition including terminal illnesses that restricts their day to day living.
Our objectives and aims are to build a kind, personal, professional, social enhancing experience where the impact is not just measured from a one-day experience or gift, but carried forward, so that lives can be changed with after care services being offered to all of our beneficiaries. This will include working within their community, workplace opportunities with our corporate supporters, family online forums, volunteer opportunities and annual social/online events to incorporate all of our beneficiaries within their age groups.
The Genie's Wish is to provide a life changing wish to people suffering from a chronic or critical illness from birth to 40 years of age across England and Wales. Our aim is also to help and recognise young carers aged 5 to 18 who are caring for a family member with these conditions with a life changing wish.
The wish fulfilment is just the start of a long-last relationship with all of our beneficiaries.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
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THE GENIES WISH CHARITY
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance
Significant activities and achievements against objectives
The Genie's Wish team have learned so much since coming up with the charity's concept back in 2020 and now trading since 6th January 2021, especially going through a global pandemic.
We concentrated on three key priorities throughout our first year, fundamental was looking at our structure, policies and working with the Charity Commission, working closely with our future beneficiaries and making sure we deliver a quality and outstanding service in granting their wishes. We also developed a strategy for how we work with all our supporters, gaining their trust, support and of course future fundraising abilities, avenues and income streams.
Our focus was to protect people and our finances whilst delivering our purpose so that we could emerge safe and strong to carry us into future years. We are delighted with everything we have achieved to date and are looking forward to implementing further initiatives in the coming years to support our aim.
The board of trustees has provided exceptional support to the charity throughout this difficult year with over 10 board and trustee-led committee meetings. There is no getting away from the fact that things are tight as we trade in difficult conditions with the cost of living affecting donors. The charity remains confident that our plans remain relevant and robust enough to deliver in the medium to long term.
Financial review
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Structure, governance and management
The trustees who served during the year and up to the date of signature of the financial statements were:
Ms L Steadman Mr D Sharp Mr D Reekie Ms W Gray
Recruitment and appointment of trustees
The charity's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).
The charity's current policy concerning the payment of trade creditors is to:
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Settle the terms of payment with suppliers when agreeing the terms of each transaction;
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ensure that suppliers are made aware of the terms of payment by inclusion of the relevant terms in contracts; and
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pay in accordance with the charity's contractual and other legal obligations.
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THE GENIES WISH CHARITY
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Trade creditors of the charity at the year end were equivalent to 0 day's purchases, based on the average daily amount invoiced by suppliers during the year.
The trustees' report was approved by the Board of Trustees.
…....................................... Ms L Stedman Trustee
Date: …....................................... 12th December 2025
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THE GENIES WISH CHARITY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE GENIES WISH CHARITY
I report to the trustees on my examination of the financial statements of The Genies Wish Charity (the charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Visualize Office Solutions Limited
16/12/2025
Dated: ….......................................
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THE GENIES WISH CHARITY
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| Notes Income from: Donations and legacies 3 |
Unrestricted Unrestricted funds funds 2,025 2,024 £ £ 324,351 337,977 |
|---|---|
| Total income | 324,351 337,977 |
| Expenditure on: Raising funds 4 Charitable activities 5 |
203,245 133,985 190,553 114,310 |
| Total expenditure | 393,798 248,295 |
| Net income and movement in funds Reconciliation of funds: Fund balances at 1 April 2024 |
(69,447) 89,682 245,914 156,232 |
| Fund balances at 31 March 2025 | 176,467 245,914 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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THE GENIES WISH CHARITY
BALANCE SHEET
AS AT 31 MARCH 2025
| Notes Fixed assets Tangible assets 10 Current assets Cash at bank and in hand Creditors: amounts falling due 11 within one year Net current assets Total assets less current liabilities The funds of the charity Unrestricted funds 13 |
£ £ 893 197,822 (22,248) 175,574 176,467 176,467 176,467 2025 |
£ £ 1,190 247,319 (2,595) 244,724 245,914 245,914 245,914 2024 |
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The financial statements were approved by the trustees on ….......................................
…....................................... Ms L Stedman Trustee
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THE GENIES WISH CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
The Genies Wish Charity is a Charity registered in England and Wales. The registered office is Unit 19, Broxhead House, 60 Barbados Road, Bordon, Hampshire, GU36 0FX.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies are set out below.
1.2 Going Concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the forseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
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THE GENIES WISH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.4 Income (Continued)
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenent is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5 Expenditure
Expenditure is recognised once there is legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers 20% Straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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THE GENIES WISH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.8 Cash and cash equivalents (continued) Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
1.9 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.10 Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2 Critical accounting estimates and judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the
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THE GENIES WISH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
2 Critical accounting estimates and judgements (continued)
revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Donations and gifts | Unrestricted Unrestricted funds funds 2025 2024 £ £ 324,351 337,977 |
|---|---|
| 4 Expenditure on raising funds Fundraising and publicity Staging fundraising events |
Unrestricted Unrestricted funds funds 2025 2024 £ £ 71,736 54,168 |
| Trading costs Other trading activities |
131,509 79,817 |
| 203,245 133,985 |
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THE GENIES WISH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5 Expenditure on charitable activities
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|---|---|---|
|Charitable|Charitable|
|activities|activities|
|2025|2024|
|£|£|
|Direct costs|
|Staff costs|93,767|57,323|
|Depreciation and impairment|298|298|
|Computer running costs|6,313|569|
|Advertising and marketing|4,934|10,748|
|Fundraising costs|39,163|22,844|
|Insurance|1,623|-|
|Travel and subsistence|16,975|15,573|
|Sundry expenses|1,346|703|
|Accountancy fees|2,464|-|
|Consultancy fees|1,045|-|
|Bank charges|191|-|
|Office costs|22,434|6,252|
|190,553|114,310|
|Analysis by fund|
|Unrestricted funds|190,553|114,310|
|6|Net movement in funds|
|2025|2024|
|£|£|
|The net movement in funds is stated after charging/(crediting):|
|Depreciation of owned tangible fixed assets|298|298|
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7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
8 Employees
The average monthly number of employees during the year was:
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|---|---|
|2025|2024|
|Number|Number|
|2|2|
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THE GENIES WISH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
8 Employees (continued)
| Employment costs Wages and salaries Social security costs Other pension costs |
2025 £ 88,000 4,634 1,133 93,767 |
2024 £ 55,828 243 1,252 57,323 |
|---|---|---|
There were no employees whose annual remuneration was more than £60,000
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
10 Tangible fixed assets
| Cost Cost brought forward Additions Disposals |
Computers £ 1,488 - - |
|---|---|
| Cost carried forward | 1,488 |
| Depreciation and impairment Depreciation brought forward Depreciation charged in the year Depreciation on disposal |
298 298 - |
| Depreciation carried forward | 596 |
| Carrying amount At 31 March 2025 |
892 |
| At 31 March 2024 | 1,190 |
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THE GENIES WISH CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
| 11 Creditors: amounts falling due within one year Trade creditors Other creditors Accruals and deferred income 12 Retirement benefit schemes Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes |
2025 £ 21,739 509 - 22,248 2025 £ 1,133 |
2024 £ 2,097 300 198 2,595 2024 £ 1,252 |
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The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
13 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| General funds Previous year: General funds |
At 1 April 2024 £ 245,914 At 1 April 2023 £ 156,232 |
Incoming Resources At 31 March resources expended 2025 £ £ £ 324,351 (393,798) 176,467 Incoming Resources At 31 March resources expended 2024 £ £ £ 337,977 (248,295) 245,914 |
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14 Related party transactions
There were no disclosable related party transactions during the year.
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