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2024-09-30-accounts

LIVE MUSIC AT THE HEART OF HEALTHCARE

WISHING WELL MUSIC FOR HEALTH

TRUSTEES REPORT 2023-24

“Thank you for bringing my memories back. As soon as you sang that song, it all came back to me!” patient participant at Royal Sussex County Hospital in Brighton.

The trustees present their annual report and financial statements for the year ended 30 September 2024

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).

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Objectives and activities

The objects of the charity are as follows:

Our Organisation

“I wish we weren’t in the hospital but at least we have met you - you have lifted us up!” patient and spouse at Royal Sussex County, October 2024

We turn clinical places into cultural spaces to support the wellbeing of the whole hospital community: patients, families and healthcare staff. Hospitalisation can be a time of isolation, boredom, distress and a decline in general wellbeing. We tackle this by bringing live music right to patients' bedsides, creating interactions that enable people to feel valued, motivated and uplifted. A decline in health can be a time of great loss - of independence, mobility and choice - so we use music-making experiences to shine a light on what people can do, create and remember.

The Wishing Well programme was created in 2013, became a non-profit Community Interest Company in 2019 and a registered charity in February 2022. We are a small charity making a big impact across Sussex and Surrey, creating long-lasting partnerships with a wide range of healthcare settings including acute hospitals, psychiatric wards and neonatal units. Partnership working and participant voice informs every aspect of our work. We evaluate our programmes using an outcomes approach, using feedback from participants and families and the observations of our partners in healthcare settings and the musicians themselves. We also work towards our long-term aim of embedding live music in the culture of healthcare by delivering training programmes for medical students, healthcare professionals and hospital volunteers.

The trustees have paid close attention to the guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Our Impact

We remain an adaptable and lean organisation. This is critical now more than ever as we find ourselves in a challenging financial environment, where services we work with face significant capacity constraints and are vulnerable to closure. By remaining adaptable and lean, and keeping running costs low, we have made sure our funding creates maximum impact for our participants. The demand for our work is higher than ever. In the past 12 months we have seen our biggest ever investment from our NHS partners, showing how much they value our work.

Wishing Well’s strategy contains 3 central pillars: Programmes, Training and Advocacy. Here is

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what we delivered in each category:

Programme

We delivered a total of 274 participatory music-making sessions in healthcare settings across Sussex and Surrey, reaching a total of 1500 children, young people and older people in hospital and 750 family visitors.

At the Trevor Mann Baby Unit, Brighton, we sang to early born babies in their incubators, and supported parents to sing lullabies to their newborns for the first time

At The Royal Alexandra Children’s Hospital in Brighton, we put instruments into the hands of young patients so that they could create, have fun and express themselves

At Chalk Hill, an inpatient psychiatric ward for young people in mid-Sussex, we supported young people to write lyrics and brand-new music to help express how they were feeling and to provide a consistent safe space for creative connection.

At Princess Royal Hospital in Haywards Heath, we developed new work with speech and language therapists, co-creating singing groups for people recovering from stroke

Across Sussex, in acute and psychiatric wards for older people we heard countless life stories and musical memories; we created space for older people to sing and play themselves back to feelings of levity and motivation

As part of our ACE funded portfolio, we commissioned two Artists to create original sketches incorporating our participants voices. This sketch is by Krina Patel and the quote is from a young person who took part in our music sessions at Chalk Hill Psychiatric unit.

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Our outcomes for people in hospital, captured through evaluation tools, feedback and observations are:

  1. Reduced anxiety: music-making refocuses attention on an uplifting activity and soothes the nervous system.

“It was all going round in my head, but it feels smoother now.” patient participant

  1. Reduced loneliness: music-making builds a bridge across loneliness, creating a safe and inclusive space for connection

“You’re the first person I have really spoken to all day. You don’t know how much your visit has meant. Are you coming back?” patient participant.

  1. Increased self-expression: Music is a strengths-based activity that shines a light on what we can do, create, remember and learn. We create space for patients to be people.

“With men’s mental health….people don’t open up enough and it’s a problem. It’s a way to spread your message….. I hope in the future…. I can make music for people to enjoy and relate to I’ve just got to get to that point of feeling better and music is going to be a big part of that”

  1. Increased understanding of Creative Health practice amongst healthcare staff. Through seeing our work in action, healthcare professionals value the role of the arts in healthcare. “You know you’d be welcome here every day - now go and work your magic!” Nurse at Worthing General Hospital

An ever-growing evidence base underpins all of our work, and we are delighted to be developing a new research project with Brighton and Sussex Medical School which will include a literature review and new data collection from our programmes.

Training

1. We taught 40 medical students through our “Music and the Future Doctor'' elective modules at Brighton and Sussex Medical School. The students learn about the impact of participatory music programmes for the hospital community and explore the transferable skills used by hospital musicians which enable us to build trust and rapport with patients and families. One student told us:

“It was so enjoyable and I have recommended it to everyone. It was a breath of fresh air to focus on something that wasn’t physiological but that can equally or even more so can impact our patients, the relationship we have with them and ultimately, the level of care we give. It was also lovely to see that by the end of the module, everyone could say they were musical.”

2. We guest lectured on the MSc in Paediatrics and Child Health at Brighton University, exploring similar themes of outcomes and communication.

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3. We delivered a series of three training sessions for 24 Dementia Champion nurses across Sussex, reflecting together on the role that music plays in supporting the wellbeing of people with dementia and identifying achievable ways to increase their patients’ access to music.

Advocacy

We represented the Culture Health and Wellbeing Alliance (CHWA) as a Southeast Arts Champion, providing support to the Creative Health sector in our region through advocacy, networking and resources.

Organisational Development

We engaged a freelance consultant to help us apply our learning from working with young people in inpatient NHS settings, to develop a new community-based music programme. We have consulted with groups of young people with lived experience of mental health challenges, mapped existing services to identify gaps and created brand new partnerships. This resulted in the delivery of a new community-based pilot programme in Horsham and the confirmation of a second set of pilots in Brighton and Hove for 2024/25.

The consultant also supported a sustainability review, working with us on a refreshed fundraising and communications strategy to increase our community of support and diversify our income. We identified the need to tell more compelling stories online, to refresh our website and to consider what offer we could make to local corporate partnerships.

The trustees and CEO were delighted to embark on a year-long Equity, Diversity and Inclusion training programme with Spotlight Inclusion. Monthly online meetings offered space to explore key themes and to learn from peers, helping inform how we can continue to embed equity diversity and inclusion in every part of our organisation and the work that we deliver.

The trustees and CEO also developed a new and comprehensive risk register, giving us a more detailed understanding of risk and mitigation for all of our activities.

A joyful moment at East Surrey Hospital with Doctor fulfilling a long-held ambition of playing violin! These important interactions create a feedback loop that benefits the whole hospital community.

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We are grateful to have received support from the following Trusts and Foundations and charitable organisations attached to our partner healthcare settings:

The Allen Lane Foundation Arts Council England Brighton and Hove County Council The Chalk Cliff Trust The Early Birth Association Ernest Kleinwort Charitable Trust Garfield Weston Foundation The Foyle Foundation The Margaret Fisher Trust The National Foundation for Youth Music The Friends of Uckfield Hospital The Friends of Brighton Hospital The Kitty Harrison Foundation My UHS Charity (UHS NHS Trust)

Financial review

Income for the period totaled £84,175 (2023: £115,283). Of this £62,241 (2023: £83,060) related to restricted funds. At the balance sheet date, the charity has restricted funds of £15,411 (2023: £16,058) and unrestricted funds of £44,817 (2023: £53,976).

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, the going concern basis has been adopted in the preparation of the financial statements.

Reserves policy

Our policy ensures financial security and the best chance of sustainability for the charity. We aim to make the best possible use of unrestricted income to safeguard the charity itself whilst ensuring maximum potential for running programmes and achieving our aims.

At all times, we aim to keep between three- and six-months running costs in reserves. We define “running costs” as the costs the charity needs to cover every year which includes subscriptions, accountancy and payroll fees, CEO salary, Insurance and freelance communications, fundraising and consultancy.

Unrestricted funds held at 30 September 2024 were £44,817 which equates to six months of running costs, therefore meeting our target.

The trustees will keep reserves under review on a quarterly basis, or more frequently in times of financial difficulty or concern. Should the reserves fall to a level where the charity is at risk of insolvency, external advice will be sought and proper procedure followed. If our reserves are above six months, we will consider using the excess for a purpose to be agreed by the trustees.

Plans for future periods

Our three-year strategy re-affirms our commitment to - and expertise in - bringing musical interactions into the most acute hospital environments to support the mental health and

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wellbeing of the whole hospital community. Conversations with hospital partners continue to demonstrate an ever-growing need for our services as pressures on the NHS increase.

Our priorities for the coming year include:

Structure, governance and management

Wishing Well Music for Health obtained charity status from the Charity Commission on 18 February 2022 and is a charitable incorporated organisation (CIO), charity number 1197978. The charity is governed by its governing document, the Memorandum and Articles of Association.

The Trustees on the up to the date of signature of the financial statements were:

Our trustees bring skills in voluntary sector governance, finance and risk, strategy and safeguarding to the organisation.

Method of recruitment and appointment of trustees

During the year we undertook an extensive process to recruit new trustees. Training from organisation “Getting on Board” informed our recruitment process. We advertised well outside of our own networks, through social media, websites and organisations specifically chosen to make sure that we are actively encouraging new trustees from diverse backgrounds including race, disability, lived experience of caring and mental health. Our recruitment pack was carefully compiled and checked with a gender decoder. We were explicit that previous trustee experience was not a requirement and that support and training would be provided and meetings held in accessible venues.

The Board oversees the charity, and the day-to-day management is delegated to Joanne White, the CEO and founder of Wishing Well Music for Health.

The trustees' report was approved by the Board of Trustees.

. ............................................ Olivia Doyle Trustee

25/03/2025 Date: .............................................

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

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the trustees are required to:

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

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Charity registration number 1197978 (England and Wales)

WISHING WELL MUSIC FOR HEALTH

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

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WISHING WELL MUSIC FOR HEALTH

LEGAL AND ADMINISTRATIVE INFORMATION

Eleanor Carson Olivia Doyle Anisa Dar Denise Cook

Trustees

Charity number (England and Wales)

Charity number (England and Wales) 1197978 Principal address 10 Hollycroft East Chiltington Lewes BN7 3AZ

Independent examiner

West & Berry Limited Nile House Nile Street Brighton BN1 1HW

(Appointed 11 January 2024) (Appointed 11 January 2024)

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WISHING WELL MUSIC FOR HEALTH

CONTENTS

Page
Independent examiner's report 1
Statement of financial activities 2
Balance sheet 3
Notes to the financial statements 4 - 14

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WISHING WELL MUSIC FOR HEALTH

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF WISHING WELL MUSIC FOR HEALTH

I report to the trustees on my examination of the financial statements of Wishing Well Music for Health (the charity) for the year ended 30 September 2024.

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.

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements 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 UK Generally Accepted Accounting Practice.

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:

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.

Michelle Westbury FCCA

West & Berry Limited

Nile House Nile Street Brighton BN1 1HW 25/03/2025 Date: ............................

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WISHING WELL MUSIC FOR HEALTH

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
19,086
62,241
Charitable activities
4
2,848
-
Total income
21,934
62,241
Expenditure on:
Raising funds
5
7,477
1,842
Charitable activities
6
23,159
61,503
Total expenditure
30,636
63,345
Net income/(expenditure)
(8,702)
(1,104)
Transfers between
funds
(457)
457
Net movement in
funds
(9,159)
(647)
Reconciliation of funds:
Fund balances at 1 October
2023
53,976
16,058
Fund balances at 30
September 2024
44,817
15,411
Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
81,327
30,223
83,060
2,848
2,000
-
84,175
32,223
83,060
9,319
3,606
3,042
84,662
13,783
76,555
93,981
17,389
79,597
(9,806)
14,834
3,463
-
-
-
(9,806)
14,834
3,463
70,034
39,142
12,595
60,228
53,976
16,058
Total
2023
£
113,283
2,000
115,283
6,648
90,338
96,986
18,297
-
18,297
51,737
70,034

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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WISHING WELL MUSIC FOR HEALTH

BALANCE SHEET

AS AT 30 SEPTEMBER 2024

Notes
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Creditors: amounts falling due within
one year
13
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
15
Unrestricted funds
16
2024
£
4,948
60,396
65,344
(5,877)
£
761
59,467
60,228
15,411
44,817
60,228
2023
£
17,218
58,572
75,790
(7,096)
£
1,340
68,694
70,034
16,058
53,976
70,034

25/03/2025 The financial statements were approved by the trustees on .........................

.............................. Olivia Doyle Trustee

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WISHING WELL MUSIC FOR HEALTH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Accounting policies

Charity information

Wishing Well Music for Health is a charitable incorporated organisation (CIO), registered on the 18th February 2022 with the Charity Commission, charity number 1197978. The principal address of the charity is: 10 Hollycroft, East Chiltington, Lewes, East Sussex BN7 3AZ.

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 adopted 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 foreseeable 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.

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.

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 covenant is recognised at the time of the donation.

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WISHING WELL MUSIC FOR HEALTH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

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

Costs of generating funds related to expenditure on raising donations.

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:

Plant and equipment

4 years 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 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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WISHING WELL MUSIC FOR HEALTH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing 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.

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 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

Unrestricted
Restricted
funds
funds
2024
2024
£
£
Donations and gifts
1,562
-
Grants
17,524
62,241
19,086
62,241
Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
1,562
723
-
79,765
29,500
83,060
81,327
30,223
83,060
Total
2023
£
723
112,560
113,283

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WISHING WELL MUSIC FOR HEALTH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

4 Income from charitable activities

Charitable income
Services provided under contract
Expenditure on raising funds
Unrestricted
Restricted
funds
funds
2024
2024
£
£
Fundraising and publicity
Advertising
2,502
1,592
Other fundraising costs
4,975
250
7,477
1,842
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
2,848
2,000
Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
4,094
131
3,042
3,173
5,225
3,475
-
3,475
9,319
3,606
3,042
6,648
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
2,848
2,000
Total
Unrestricted
Restricted
Total
funds
funds
2024
2023
2023
2023
£
£
£
£
4,094
131
3,042
3,173
5,225
3,475
-
3,475
9,319
3,606
3,042
6,648
Total
2023
£
3,173
3,475
6,648

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WISHING WELL MUSIC FOR HEALTH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

6 Expenditure on charitable activities

Charitable Charitable
activities activities
2024 2023
£ £
Direct costs
Staff costs 17,431 16,572
Depreciation and impairment 580 580
Musicians fees 45,762 62,002
Music equipment (small) 87 137
Staff training and supervision 2,342 3,557
Other direct expenses 210 760
Travel costs 1,076 1,105
Venue hire 450 -
Consultancy fees 11,890 -
79,828 84,713
Share of support and governance costs (see note 7)
Support 3,034 3,825
Governance 1,800 1,800
84,662 90,338
Analysis by fund
Unrestricted funds 23,159 13,783
Restricted funds 61,503 76,555
84,662 90,338
Support costs allocated to activities
2024 2023
£ £
Subscriptions 205 141
Insurance 561 425
Computer costs 1,010 1,257
Sundry 105 665
Bookkeeping and payroll 1,086 1,337
Trustee expenses 67 -
Governance costs 1,800 1,800
4,834 5,625
Analysed between:
Charitable activities 4,834 5,625

7 Support costs allocated to activities

WISHING WELL MUSIC FOR HEALTH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

7
Support costs allocated to activities
Governance costs comprise:
Accountancy
(Continued)
2024
2023
£
£
1,800
1,800
1,800
1,800
(Continued)
2024
2023
£
£
1,800
1,800
1,800
1,800
1,800

Governance costs includes payment to the independent examiners of £1,500 + VAT (2023: £1,500 + VAT) for accountancy and independent examination fees. Other amounts paid to the examiner totalled £480 + VAT (2023: £760 + VAT) for payroll services.

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year, but one of them was reimbursed a total of £67 travelling expenses (2023 - no trustees were reimbursed expenses).

9 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
1 1
Employment costs 2024 2023
£ £
Wages and salaries 16,898 16,500
Social security costs - (403)
Other pension costs 533 475
17,431 16,572

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

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WISHING WELL MUSIC FOR HEALTH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2024

11
Tangible fixed assets
Cost
At 1 October 2023
At 30 September 2024
Depreciation and impairment
At 1 October 2023
Depreciation charged in the year
At 30 September 2024
Carrying amount
At 30 September 2024
At 30 September 2023
12
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
13
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
14
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes
Plant and
equipment
£
2,318
2,318
977
580
1,557
761
1,340
2024
2023
£
£
3,500
1,000
1,448
1,487
-
14,731
4,948
17,218
2024
2023
£
£
32
32
3,839
3,607
62
58
1,944
3,399
5,877
7,096
2024
2023
£
£
533
475
Plant and
equipment
£
2,318
2,318
977
580
1,557
761
1,340
2024
2023
£
£
3,500
1,000
1,448
1,487
-
14,731
4,948
17,218
2024
2023
£
£
32
32
3,839
3,607
62
58
1,944
3,399
5,877
7,096
2024
2023
£
£
533
475
2,318
977
580
1,557
761
1,340
2023
£
1,000
1,487
14,731
17,218
2023
£
32
3,607
58
3,399
7,096
2023
£
475

Page 21 of 25. Encyro E-Sign ID: VzgkTDZOWjWRSQF (2025-Mar-25 14:36:19 UTC)

WISHING WELL MUSIC FOR HEALTH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

14 Retirement benefit schemes

(Continued)

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.

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 October Incoming Resources Transfers At 30
2023 resources expended September
2024
£ £ £ £ £
- - - - -
Brighton and Hove City Council
via Music for Connection 1,970 6,169 (8,274) 136 -
The Allen Lane Foundation - 5,000 (2,540) - 2,460
Surrey and Sussex Healthcare
NHS Charitable Funds 1,235 - (1,159) - 76
Friends of Uckfield Hospital 435 1,120 (1,555) - -
The National Foundation for
Youth Music - 31,436 (26,698) - 4,738
The Early Birth Association - 1,080 (1,080) - -
Chalk Cliff - 5,000 (1,244) - 3,756
Arts Council England 4,173 - (4,173) - -
The Foyle Foundation 4,400 - (4,400) - -
My UHS Charity - Princess
Royal Hospital 712 - (643) - 69
My UHS Charity - Newhaven
Community Ward 3,134 1,912 (5,367) 321 -
SPFT Brunswick - 1,120 (1,020) - 100
SPFT Forget Me Not Unit - 2,694 (2,694) - -
My USH Charity - Royal Sussex
County Hospital - 3,500 (1,175) - 2,326
My UHS Charity - Worthing - 3,210 (1,323) - 1,887
16,058 62,241 (63,345) 457 15,411

Page 22 of 25. Encyro E-Sign ID: VzgkTDZOWjWRSQF (2025-Mar-25 14:36:19 UTC)

WISHING WELL MUSIC FOR HEALTH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

15 Restricted funds (Continued)
Previous year: At 1 October Incoming Resources Transfers At 30
2022 resources expended September
2023
£ £ £ £ £
- - - - -
Brighton and Hove City Council
via Music for Connection 2,497 6,494 (7,022) - 1,970
Friends of Worthing Hospitals 1,350 - (1,350) - -
The Rayne Foundation 5,509 - (5,509) - -
Surrey and Sussex Healthcare
NHS Charitable Funds - 1,500 (265) - 1,235
Friends of Uckfield Hospital 1,753 870 (2,188) - 435
The National Foundation for
Youth Music 1,337 33,102 (34,439) - -
Sussex Community Foundation 148 - (148) - -
Arts Council England - 20,994 (16,821) - 4,173
D'Oyly Carte Charitable Trust - 3,000 (3,000) - -
The Foyle Foundation - 4,400 - - 4,400
Surrey Community Foundation - 5,000 (5,000) - -
My UHS Charity - Princess
Royal Hospital - 2,500 (1,788) - 712
My USH Charity - Newhaven
Community Ward - 5,200 (2,066) - 3,134
12,595 83,060 (79,597) - 16,058

Page 23 of 25. Encyro E-Sign ID: VzgkTDZOWjWRSQF (2025-Mar-25 14:36:19 UTC)

WISHING WELL MUSIC FOR HEALTH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

15 Restricted funds

(Continued)

The purposes of restricted funds are as follows:

16 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.

At 1 October Incoming Resources Transfers At 30
2023 resources expended September
2024
£ £ £ £ £
General funds 53,976 21,934 (30,636) (457) 44,817
Previous year: At 1 October Incoming Resources Transfers At 30
2022 resources expended September
2023
£ £ £ £ £
General funds 39,142 32,223 (17,389) - 53,976

Page 24 of 25. Encyro E-Sign ID: VzgkTDZOWjWRSQF (2025-Mar-25 14:36:19 UTC)

WISHING WELL MUSIC FOR HEALTH

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2024

17 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 30 September 2024:
Tangible assets
761
-
Current assets/(liabilities)
44,056
15,411
44,817
15,411
Unrestricted
Restricted
funds
funds
2023
2023
£
£
At 30 September 2023:
Tangible assets
1,340
-
Current assets/(liabilities)
52,636
16,058
53,976
16,058
Total
2024
£
761
59,467
60,228
Total
2023
£
1,340
68,694
70,034

18 Related party transactions

During the year payments were made to a close family member of the CEO for musicians fees totalling £5,627 (2023: £6,833).

Page 25 of 25. Encyro E-Sign ID: VzgkTDZOWjWRSQF (2025-Mar-25 14:36:19 UTC)

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