CE'II'T'R°E IppRnw g3a[X:4".. Annual Report 11 2024/25 11 11 syusy CHARITY REGISTRATION - 701514 COFIPANY REGISTRA TION - 2330506 . •OMI l*bll¥lYN141111 lll[iini]11
A LOOK BACK AT OUR LAST YEAR 11 is imposslble lo lalk about Waddington Slreel Cenlre's year wilhoul mentioning some tough stuff. 2024 has lo have been one of our more challenglng years in recent lim8s. Our precarious financial position meanl Ihal our Trustee Board and Management Team had lo make some very tough decisions. We mel regularly in those early months and spent much Ilme exploring our options. No stone was left unturned In our search for a solution. Sadly, we had lo inevitably look al slaf I redundancies and a reslruclure of the organlsallon. We worked with staff and members for a perlod of 3 months. Thls enabled us to share the informallon in a person-cenlr&d way and 51 Inilialed conv8rsalions and workshops around p6op18'8 fears, Concerns and hopes for the Cenlre. I I was challenging, bul we gol through il together 8s a communily, because that's what we do. Three staff members opled for volunlaTy redundancles. From January 2025 our team decreased from len lo seven. We also had to then introduce sllghlly different ways of working. Our subs8quenl reducllon of soclal sesslons Irom twelve lo nlne has taken some of our members Iline lo adjusl lo, It has made us mlndful of how much some of Ihem rely on our supporl. We have however introduced more acllviligs and SLJpporl groups for members to get Involved with. The reslruclure refocused our Ihlnklng about the Importance of recovery focused supporl. We now feel we oller a heallhier balanGe belween soGialising and Ih8rapeuliG aclivilies. We want our nienibers lo feel connecled bul we also want lo encourage trying new things and d8veloping skills. Despite these significanl challenges and changes in our community, we remain posilive and hopeful that we will tt,ome out of il stronger. As planned,11 h8S also pul us in a beller financial posilion. We musl be mindful liowever Ihal we operate in economically challenging limes. Il's tough for many VCSE organisalions. In 2025 we hope to further explore more diverse ways of generating income for our Cenlre. Our quarlerly Craft layres are really starling lo take off, we make money and w@ meel new people. Exlernal room hire is also a focus. We've been very pleased to hosl Brilish Sign Language evening classes since the start of Ihe year. Il's proved lo be a mutually beneficial relallonship.
The Campbell Room on our ground floor has been16ased lo Durham Unlverslty's Hild and Bede College. Thelr new pr8mises on the old County Hospllal slle was completed in May after many monlhs of building work. We hope lo grow opporluni1168 for sludenl volunleerlng and other projects we can work on together. Our good friends and n8ighbotsrs, the Ljniled Reformed Church, ara klndly ralslng funds lor us, as their charlly ol the year. They contlnue lo allow us use of their premis88 - wh5ch enables us lo offer rnore to our members. Thelr ongoing support and frlendship Is hugely apprecial&d. Our relalionshlp with New Coll8g6 Durham remalns a strong and imporlanl parln8r8hip. We've seen 8 sllghl decline in enrolmenls of late so we've be8n focused on understanding why this Is. Som& have told us Il's due lo heath problems and others feel there Is loo much lo choose from al WSCI Whatever the reason, we are coniniilled lo making the partnership work and we see lh8 courses as an essenllal parl ol recov8ry. We continue lo be a partner In Ihg Durham Mental Wellbelng Alliance. Waddlnglon Slreel Centre remainlgads on us8r engagement and Involvement, mor8 recently we've also become Involved with marketing and comms In partnership with Sl Margaret's Cenlre. Th8 wider parlnershlp wllh Alllance colleagues continues lo evolve and grow. In Jan 2025 we had a vlsil from th8 Mayor of Diirham, Liz Brown. We've known Liz for many years so11 was nlce lo welcome her In her formal role. Members enjoyed the visit and il brought 8 bil of welcome ch88r. We have a long hlslory of providlng placemenls for 8lud8nls. W8 are therefore ex¢i18d lo be working with Counselling students from th8 Northern Gulld, For the foreseeable future we'll have two slud8nls providing invaluable support lo some of our eligible members. In summary, perhaps the most Important Ihlng lo say is that we are still herel A huoe thanks musl go lo ourlgam and Iruslees who have n8vigaled these past months wilh positivity and delermlnallon. W8 are blessed lo work with such wonderful people. Those all5lud85 will ensure that Waddinglon Street Centre remains 8 saf8, suppor15v8 and happy communily for anyone who needs us. W8 lov8 whal we do and we want lo ke8p doing11. for many more years lo come. Ali Lee CENTRE MANAGER
Groups and attendance In thè last year The figures speak for themselves- our servlces have remalned popular and well attended 154 people attended social s8ssions out of a possible150 places. This is an increase from last year when we supported147 peop,le 72 individual learners took part in New College Durham Courses. The average learner does 3 courses per week. This is an icrease from last year when we supported 67 learners 28 Chaps attended our weekly Men's Cree in the last year. We see an average of14 men per week, 35 ladies attended our women's Cree in the last year. We see an average of16 women per week. "'42 Individual Members attended our Saturday session with an average of 30 attending every week. 89 people per week used our Waddy Feel Good Service Activities. This is huge increase from last year when we were supporting 60 people.
Percentage Spllt Gender 500 (xTr,er Jo.u Percentage Split Age 30 2534 45 54 In
WADDY FEEL GOOD SERVI¢E Il's been a busy year for the Waddy feel good service with allendance nurnbers WFGS as high as 89 P60ple per week. Attendance trends show that Summer is the busi8St time lor members lo gel involved. We currently have 101 people referred lo us for this service. We think that's amazing and we afe thrilled that so many people want lo focus on their physical health and wellb8ing. We try lo mak8 activities fun and enjoyable, getting filter has never been easier, From January 2025 we changed how we run parts of WFGS, due lo our restructure. Badminton, Gym and Football are now by enrolment only. This means that members musl now enrol every 10 weeks if they wish to be part of these groups, There are limited places for each session, and they fill up very fast. We needed lo do this due to our decrease in staffing, and it means that we can Control numbers atlendlng the sessions lo avoid doubling up on staff. New sesslons added are Yoga and Tai Chi. Yoga is led by one of our Waddy H8lp8rs who had been completing Ihelr instructor's training. The mutual benefit of this arrangement has been really positive. We've also recently Introduced a mini gym session every Tuesday, whlch focus8s on clrcuit tralnlng aimed a variety of abilities. Thls group is also complimented by Northeast Da nce who offer movement sessions alongside the mini gym, The walking group continues to be a positive activity for those who enjoy getting out and aboul. The double benefit of exercise combined wilh spending lime in nature is always a welcome, therapeutic experience. We've been to many beautiful places but everyone's favouri19 was Ihe Lake Dislrlcl. Carpet bowls and cycling have now been taken off the timetable due lo lack of interest and poor uptake. We are coiistanlly consulting with our members about what works and what doesn'l. It's really imporlanl Ihal we keep our aclivilies relevant to our client group.
SINGING COUNTY WIDE FORUM GYM MALE AND FEMALE CREES ONE TO ONE SUPPORT AND SIGNPOSTING TABLE TENNIS ART AND DESIGN READING GROUP MASSEOKE 011 QUIZZES RUMMIKUBS FOOTBALL SATURDAY SOCIAL AND ART SESSIONS MUSIC PHOTOGRAPHY ARCHERY THEATRE TRIPS WE LIKE TO BE BUSY - HERE'S WHAT WE DOI RELAXATION AND MEDITATION HOLISTIC THERAPIES SUPPORT GROUPSIPEER SUPPORT ANIMAL THERAPY CREATIVE WRITING I.T AND DIGITAL SUPPORT DARTS DANCING DRAMA VOLUNTEERING PERSONAL DEVELOPMENT BADMINTON
THE PEOPLEWHO USE OUR SERVICESARE BEST PLACEDTO TELL YOU ABoufwHAT THEY GET our OF THEM. 99 "I LOVE SATURDAYS AT WADDY, HELPS ME TO GET OUT THE HOUSE MORE!" ' SATURDAYS AT WADDY HELPS TO BREAK UP THE WEEKENDS MORE. A LIFE SAVER SATURDAYS MEAN EVERYTHING, NOT ENOUGH WORDS TO EXPRESS HOW IMPORTANT THEY ARE" ' I'VE MADE FRIENDS IN THE WOMEN'S GROUP. IT'SA GOOD GROUP AND WE GET TO CHOOSE THE ACTIVITIES, WE'VE BEEN ON LOTS OF GOOD TRIPS "ALWAYS FUN AND WE HAVE A GOOD LAUGH IN THE WOMEN'S GROUP" THE JOINT CREE EVENTS ARE GOOD, IT'S GOOD TO MEET UP WITH THE MEN SOMETIMES. WE PLAY BINGO AND HAVE A LAUGH" ' GOOD TRIPS OUT AND FRIENDSHIP IN THE MEN'S GROUP" "IT'S LAID BACK AND CHILLED AT CREE, HAVE MADE FRIENDS" ' I REALLY LOOK FOWARD TO MY COURSES. ART IS THE HIGHLIGHT OF MY WEEK. I REALLY ENJOY GETTING LOST IN MY PICTURES ' I'VE LOVED THE PHOTOGRAPHY GROUP, WE GO ON GREAT WALKS AND I'VE TRIED THINGS I WOULDN'T HAVE NORMALLY" "I ENJOY THE SUPPORT GROUPS. IT'S A SAFE PLACE TO SHARE YOUR WORRIES. IT'S BEEN INTERESTING TO SEE TH AT MANY PEOPLE HAVE THE SAME CONCERNS
PEOPLE . ST AFF TRUSTEES ,. WADDY HELPERS What we do would be Impossible without our dedicated and passlonate staff team, Trustees, Waddy Helpers ond Volunteers. We want wsc to bo a supportive, interesting and stimulating place to work. Our open door policy means that our management team are here to listen, hear, support and guide. Like ony good team we are a mass of differing but complementary skills. Every day is different and we are always roady for whatever comes our way, We are now operating with a reduced staff team and whilst this hos presented us with challengos our team spirit and genuine support for each other has gotten us through. Our Trustee Board are behind us IOO/. and are always making sure that the team has the support they ne8d. We continue to grow our volunteer base. We currently have 6 volunteers who support us on a weekly basls. Our Woddy helpers also play an invaluable role ond we hove some new people getting involved with our rapidly growing Waddy Feel Good Service. People are the back bone of our organisation and we are extremely grateful for all that they do. ALt swppbyil W&dd Mew.beYs) %4¥iSrF 4wpi f Trw.-k**: i./
structure, Governance and Management of the Charity The organlsotlon's governlng documents ore the Memorandum ol Assoclotlon and the Artlcles of Assoclatlon dated 28th November 2011. Waddlngton Street Centre (wsc) Is governed by a Board of Dire¢torslTrusteas whlch Is responslble for managlng the buslness of the Company. The Board meets approxlmately evory slx weeks and recelves regular reports Irom the Centre's Management team, the Treusurer ond WSC Members. TheBoard also has three sub- commlttees whlch meet when requlred and report to Ihe Board. These ore: the Flnance Sub Commlttee. the Personnel (Employment) 8ub-commlttee and Ihe Health & Salety sub-commlttee. Other worklng groups are sot up by the Board as requlred. WSC seeks to have a Board whlch comblnes complem?ntury skllls and experlence8 and whlch has strong mèmber ropre8entatlon. Consequenlly. Indlvlduals may be asked to consldgr sèrvlng as Dlr•¢torslTru$teo$ because thgy 011or partlcular skllls or experlenco, come from partner organlsatlons, or ara ablelo oller Ihe perspectlve ol servlce users (or'members.. a8 we call them). wsc encourages and supports member8 to become formolly Involvgd In halplng to run the Centre. Wa do thls through focu8 group8 and formal helplng roles Includlng: ravlewlng procedures, buddles and peer support groups. People wlth Ilved experlonce have much lo shara and contrlbute. Our Valued Vlew8 Groupi made up ofour member8, meat$ before each Board meetlng. Thelr thought$ and vlews ure then fed Into the Board. Keeplng mgmber needs and vlews at the forefront of doclslons Is Important to our Tru8teQ8 Jorb idlrb. Dep 'oavid8iai.ey-Se¢ieLIry rrujig Otrgci¢r rrusl ..1 Dire¢tor ¢1
OUR FORMAL CHARITY OBJECTIVES, VALUESAND ACTIVITIES. OUR OBJECTIVES, AS SET OUT IN THE COMPANY'S MEMORANDUM OF ASSOCIATION, ARE; I. ESTABLISHING AND PROMOTING ANY CHARITABLE PURPOSE IN ORDER TO SUPPORT PEOPLE WITH MENTAL HEALTH NEEDS 11. THIS WILL BE UNDERTAKEN PRIMARILY THROUGH THE PROVISION AND MANAGEMENT OF A RESOURCE CENTRE AND SUPPORT FOR INDEPENDENT LIVINO 111. THE CHARITY'S BENEFICIARIES ARE PRINCIPALLY PEOPLE LIVING IN COUNTY DURHAM Our values embrace: A person-centred approach. Evoryone 1$ Important to us: those who work lor us and those we support. We aro happy to learn from others and partlcularly Irom Ilstenlng ¢108ely to our members. Respectlng Indlvlduallty and dlverslty. we value dlfferen¢e ond want everyone to be treated wlth personal dlgnlty and r•spe¢t, free from dl8crlmlnatlon or harassment. We belleve everyone has a posltlvo ¢ontrlbutlon to muke. ouallty drlven, open. honest, transparent and uccountable. We alm for hl9h standards In all we do. We alm to be afflclent and eftectlve. Posltlve about partnershlps. We Invest In gonuing parlnershlp worklng, Strlvlng to create new alllonces and new opportunities to help us achleve our alms.
To ensure alignment with statutoryrequirements and recommendations: The Centre seeks at all tlmes to engage wlth mental health guldance und strategles. both natlonal and local. At thls tlm6 there are Sgven strutegleslreports that have partlcular slgnlllcancg and glve dlrectlon to the Centre'$ strateglc alms: County Durham Publlc Mental Health Report- All the lonely poople: 8o¢lal Isolatlon and lonollnos8 In County Durham - D•c•rnbor 2014 County Durham Jolnt Local Hoalth and Wellbelng Stratogy 202312028 County Durhom Vlslon 2019-2035 Bulldlng Healthlgr, Falrer and ProtOCted Llves- DCC, Publl¢Heulth 2022. Poverty Actlon Plan- 2022-2028 NHS Montal Hoalth Implomentatlon Plan 2020-2024 STATUS The organisation is o charitable compony Ilmlted by guarante&, Incorporated on 21st December1988 and registered as a Charity on 16 May 1989. The company was estobllshed under o Memorandum of Association whlch established the objects and powers of the charitable company and Is governed undèr its Artlcles of Assoclation. Company Reglstratlon Number 2330506 Charlty Reglstratlon Number 701514
Risk and Financial Review, Reserve and Investment Policy Risk Review The Board of Directors has conducted an annual revlew of the major risks to which the charity is exposed, and systems have been established to mitigate those risks, The current risk management strategy and risk register were agreed by the Board at their meeting on Ist September 2025. The Board review risks and management strategy at least annually and has put action plans are in place to manage its key risks. Financial Review The financial results for the charity are detailed in the annexed Statement of Financial Activities and Balance Sheet, together with the related notes. In summary, WSC made an overall deficit of £58,420 during 2024-2025 (compared to a deficit of £62,091 during 2023-2024). With the deficit being of a similar amount, no significant increase being seen In income levels and with expenditure remaining static, Trustees took the decision to reduce centre costs during the year through a service and staffin This was followed t restructure with the offer of voluntary redundancy. rough with a reduction In staff (hours) made in Q3 2025. The organisational effects, both in terms of finance and operation, of this restructure have been and will continue to be monitored ond reviewed by the Board, rL] tiwi I
Reserve Policy Waddington Street Centre provides support to people with significant mental health issues. Hence, many of its members are vulnerable, and are ver reliant upon our services. Therefore, we are very mindful to ensure we can surport hem for a period of time so that there Is o individual mem ortunlt to try to ensure that the uture support required by each eris Inp ace before they are discharged from our support services. It is important that the Charity has sufficient reserves to ensure any changes are effected over a period of time commensurate with the needs of the service users. For these reasons and bearing in mind the comments made in the Financial Review above, the board has established a Reserve Policy whereby free reserves (unrestricted current assets less unrestricted current liabilities) should Ideally be at least equal to unrestricted expenditure during the past 6 months. The Board has also decided that the followin future key items o sums should be held in reserve against expenditure. Building maintenance and upkeep £20k (Year 4) Minibus replacement - £IOkpa x 6 yrs. (£60k) £40k Technology infrastructure incl. IT renewal - £5k added every year £15k. Dovelopmont and Personnel costs £,83k Designated funds £108k From the 2024-2025 accounts Free Reserves stand at £237,495 and unrestricted expenditure during the past12 months was £309,833. With £108k designated by the board from Reserves the Centre has £129,495 available, equating too circa. 5 months running costs. The Board is working towards meeting the requirements of its Reserves Policy. Investment Polic Although no investments are currently held, the c arity has the power to make any investment which the board sees fit.
WADDINGTON STREET CENTRE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees D Blazey J Dean (Trea5urerl J Dodson J Lamb (Depuly Chair} J F F Robinson (Chair) D Shipman L Toms E Backhou8e Secretary D Bl8Z8y Charlty number (England and Wales) 701514 Company number 02330506 R8g18tarod offl¢e 3 Waddingion Slreel Durham Clly DHI 4BG Independ9nt examlner RMT Ribcheslers Finchale House Belmont 8usiness Park Durham DH1 1TW
WADDINGTON STREET CENTRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPOR TI FOR THE YEAR ENDED 31 MARCH 2025 The Iruslees present their annual report and financial slalemenls for the year ended 31 March 2025. The financial slalemenls have been prepared in accordance with the accounling policies sel out in note 1 to the rinancial slalemenls and coniply with the charity's governing document, Ihe Cornpanies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Irelani5" and the Charities SORP "kcoLinling and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo ¢haritie5 preparing their accounls in accordance with th8 Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021" Objectlves and actlvlll68 Public ljenefit The Iruslees have pald due regard lo guldance Issued by the Charity Commission In declding what acllvllles the charity should undertake. 8tructLire, governai)c6 and managemènt Governlng documei)t The charity is a controlled by ils governin9 document, a deed of Irusl, an¢J conslltules a limited company, linilled by guarantee, 88 defined by the Companies Acl 2006. The Iruslees, who are 81s0 the directors for the purpose ol company18w, and who Served during the year and up lo the dale of signature ol the fin8ncS81 $18lemenls were,. D Blazey J Dean {Treasurerl J Dodson J Lamb Ioepuly Chair} J F F Robinson IChai¥l D Shiprnan L Toms K Parker D Rippon E Backhouse (Resigned 22 November 20241 (Resigned 19 May 20251 The IrLislees' report was approved by the Board ol Trustees, J F F Robinson Ichai Trustee 13 Oclobei 2025
WADDINGTON STREET CENTRE LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WADDINGTON STREET CENTRE LIMITED I report lo the Iruslees on my examination of the financial slaletnen18 Of Waddinglon Street Centre Limited Ilhe charilyl for the year ended 31 March 2025. Responslbllltl8s and basls of report As the Iruslees of the charity land also ils directors for the purposes ol company lawl, you are responsible for the preparation of the financial slalemenls in accordance with the reqLiiremenl$ oflhe Companies Act 20tt6. Havin9 satisfied myself that the financial slalemenls of the char51y are not required lo be audited under Part 16 01 the Companies Act 2006 and are eligible for Independent examination, I ieporl in respect ol my examination ol th charity's financial slalemenls carried out under secllon f 45 of the Charities Acl 2011. In carrying out my 8xaminalion I have followed the Direction5 given by the Cliarily Coniinisslon uiider seclion 145151(bl ol Ilie Charities Act 2011. Ind8pendent examlnèr'8 slatoment Since the charity's gross income exceeded £250,000, the Independent examiner rnusl be a member ol a body listed in section 145 of the Charities Act 2011. 1 confirm thal18m qualified lo underfake the exaniinalion because l am a member ol the In51itule ol Chartered Accounlanls in England and Wales, whlch Is one of the listed bodles. I have completed my examination. I confirm that no mallers have corne to my altenlion Sn connection w51h the examination giving me cause lo believe that in any material respect.. accounting records were not kept in re$p8cI of the charily as required by s6clion 386 01 the Companies Ael 2006. the financial slalemenls do not accord with those records., or the financial slalemenls do not comply wllh the accounting requireinenls ol section 396 01 the Companies Act 2006 other than any requiiemenl that the financial slalen7enls give a true and fair view, which is ncl a mallei considered 85 pail ol an iiidependenl exaininalion., or the financial slalemenls liave not been prepared in accordance vvilh the methods and principles of 1119 Slalemenl of Recommended Practice lor accounting and repoming by charities applicable lo charities preparing their financial slalemenls In accordance with the Financlal RepL)rting Slandard applicable in the UK and Republic of Ireland IFRS 1021, I have no conceriis and have come across no other mallers in connection wlh the examination lo which alltriilion should be drawn in Ihls report in order lo enable a proper understanding ol the financial slalemenls lo be reached. RMT Rlbcheslers Flnchale House Belmont Buslness Park Diirham DH1 1TW 13 October 2025
WADDINGTON STREET CENTRE LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unr8Strlcted ReslTlcted funds fiinds 2025 2025 Total Unrestrlcted Restricted luiids funds 2024 2024 Total 2025 2024 Notes Income from.. Donations and legacies Charilabla aclivi1165 Other trading activities Investments 58,645 186,954 11,092 7,510 58.645 232.385 11.092 7,510 25,527 166,021 10,288 9,988 25,527 229,965 10,288 9,988 45,431 63.944 Total Income 264,201 45.431 309.632 211,824 63,944 275,768 Expendlture on: Raisln9 luiids Charitable activities 6,370 303,463 6,370 361,682 7,008 258,378 7,008 330,851 58,219 72,473 Total expendlture 309,833 58,219 368,052 265.386 72,473 337.859 Net expendllure and moveineiil lil funds 145.6321 112.7881 158,4201 (53,5621 {8.5291 162.0911 Re¢onclllalloii of fijiids: Fund balances 811 April 2024 297.304 206,828 504,132 350,866 215,357 566,223 Fund balaiices al 31 Marcli 2025 251.672 194,040 445,712 297,304 206,828 504,132 The sl8lem8nl of financial activities includes 811 gains 8nd los$e$ recogniseé in the year All income 8nd èxpenditure derive from continuing aclivilies.
WADDINGTON STREET CENTRE LIMITED BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assets 13 198,646 216.673 Current assets Debtors Cash al bank and in hand 14 19,157 233,434 18,897 278,997 CredStor8: amounts falllng due wlthln one year 252,591 297,894 15 15.525) 110,4351 Ngt current assets 247,066 287.459 Total as8ets 16ss current Ilabllltle8 445.712 504,132 The funds of the charlty Reslricled income funds Unreslricled funds 16 17 194,040 251.672 206.828 297,304 445,712 504,132 Tl)e company is enlilled lo the exemption from the audit requirement eonlained In section 477 of the Cornpanies Act 2006, lor the year ended 31 March 2025 The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of fiiiancial slalemenls. Tlie i)ieiiibers have not fequired the Company lo oblaln an audit of ils finanaal statements for the year in que31ion in accordance with section 476. These financial slalemenls have been prepared in accordance with the piovisions applicable lo companies subject lo the small companies regime. The financial slalemenls were approved by the Iruslees on 73 October 2025 J F F Robinson (Chairl Trustee Company registration number 02330506 IEngland and Wales)
WADDINGTON STREET CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Charlty Informallon Waddingion Slfeel Centre Limited is a private company limited by guarantee incorporated in England and Wales The registered office is 3 Waddinglon Street. Durham City. DHI 4BG. 1.1 Bas18 of preparatlon The fiiiancial slalemenls have been prepared bi) accordaiice willi the charity's governlng document, Ihe Companies Act 2006, FRS 102 The Financial Reporting Slandaicl applicable in the UK and Republic of Ireland and the Charities SORP "Accounting and Reporting by Charities.. Slalemenl of Recomrnendgd Practice applicable lo cl)arilies preparing their accounts in accor(Sanc8 wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102lleffeclive 1 Jaiiuary 2019} The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advanlage ol the provisions in th8 SORP for ch8rities not lo prepare a slalunenl of cash flows. The financla1 slalemenls are prepared In sterling, which is the funGlional currency of the charity. Monetary amounts in these fin8nGial slalemenls are rounded lo the nearest 1.1. Th8 financial slalemenls have been prepared under the historic81 cosl convention The principal accounting policies adopted are sel out below. 1.2 Golng concern Al the lime ol approving the Iinanclal $18lemenls, the Iruslees have a reasonable expectation that the charity has adequale resoLirces lo continue in operalioiial existence for Ihe foreseeable luliire Thtis the IfiL8lees continue lo adopt the goin9 concern basis of accounting in preparing the hnanclal slalemenls. 1.3 Charltable funds Unreslrlcled lunds are available for use al the discrellon ol the Iiuslees in furtherance of their ¢harilable objectives, Desi9naled funds fepresenl unreslricled funds that the 808rd of Ttustees has earmarked for specific purposes. Reslricled funds are subject lo specifie conditions by donors or grantors as lo how they may be used. The purposes and uses of the reslricled funds are sel oul in Ihe notes lo th& financial slalemenls
WADDINGTON STREET CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Icontlnuodl 1.4 Income Income is recognised when the charity is legally enlilled lo il 8fter any p8rformance conditions have been mel, the amounts can be measured reliably. and il is probable that income will be received, Voluntary income is received by way of grants and donations are induded in full in the Slalemenl of Financlal ActivlieS when the charity becomes enlilled Grants, where enlillemenl is not conditional on Ihe delivery ol a specific performance by the charity, are recognised when the charily becomes unconditionally enlilled lo the grant. Donated services and facilities are included al the value lo the charily where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Assets donated are recognised in full as donations and fixed ass81s. Incoming resources from charitable trading aclivllies are accounted for when earned. Grants and lees received for current year expenditure and grants fof purchase of fixed assets are recognised in full in the Slalemenl ol Fin8ncial Aclivilies In the perlod in which Ih6y are received, provided Ihal the conditions for receipt have been complied with. Income is deferred only where th8 criteria lor recognition as incoming resources in th8 Slalemenl ol Financial Aclivilies does not exist al the balance sheet dale. 1.6 Expendllure Expenditure is recogiilsed once there is a legal or conslruclive obligallon lo transfer economlc benefit lo a third party,11 is probable that 8 transfer of economlc benefits w511 be requlred in selllemenl, and the amount of the obligation can be measured rellably. Expenditure is classified by aclivily. The costs of each activity are rn8de up of the lolal of dir1 costs and shared cos15, incliiding support Costs involved in undertaking each a¢livily. Direcl costs allribulable lo a single activity are allocated directly lo that aclivily. Shared cost$ which conlribule to more than onts activity and support costs which are not allribiilable lo a single activity are apportioned between those 8clivilies on a basis consislenl with the use ol resoiirces. Central staff cos15 are allocated on the basis of lime spent, and depre¢ialion charges are allocated on the portion of the asset's use. Costs of generating funds comprise the costs assooialed with allrading voluntary income and the Costs of trading for fundraising purposes including the charity's visSlor cenlres. Charitable expenditure comprises those costs incLirred by Ihe charity in the delivery of ils activities and services lor ils beneficiaries. 11 iiicludes both costs that carn be allocsled directly 10 8uch activities and those costs of an indirect nature necessary lo support them. Governance costs include those costs associated with meeting the conslilulional and slalulory requirements of the charity and include the aiidil fees and costs linked lo Ihe strategic rnanagenienl of the charily. All costs are allocated between the expendilLire categories ol the SOFA on a basis designed lo reflect the use of the resource, 1.6 Tanglble flxed assets Tangible fixed assets are initially measured al cost and subsequenlly measured al cost or valuation, nel of depreciation and any impairment losses
WADDINGTON STREET CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Icontlnuèdl Depreciation is recognised so as lo write off the cost or valuation of assels less their iesidual value5 over their useful lives on the following bases.. Freehold prop8rty Improvements to properly Plant and equipment Fixtures and fillings Computer equipment Caravan & mlnlbus 2°h on cost 25°h on cost 20Qlo on cog1 35010 on cost 33010 on cost 12,5910 on cost The gain or Ios8 arising on th8 disposal ol an asset is determined as the difference between the sale proceeds and the c8rrylng value ol the asset, and Is recognlsed In the slalemenl of financlal 8¢1ivili6s. 1.7 Impalrmont of flxed a8sel$ Al eacl) reporting end d81e. the charity revi6ws the carrylng amounts of Ils langlble 8ssels lo determine whether there Is any indication that those assets have suffered an impairment loss 11 any such ind8140n exlsls, the recoverable amount of the asset is eslimaled In order lo delerrnine the exlenl ol Ilie ilTipairnieiil loss (il any) 1.8 Casli and cash equlvalents Cash and casli equivalenls include cash in hand, deposits held 81 call with banks, other short-lerrn liquid inveslimenls with original n)alurilies of three months or less, and bank overdrafts. Bank overdrafts are shown wilhin borrowings in current liabilitiès. 1.9 Flnanclal Instrum8nl8 The charity has elected lo apply the provisions of Section 11 'Basic Financial In51rumenls' end Section 12 'Olher Financial Inslrum&nls Issues, of FRS 102 10 81101 Ils financial insliumenls. Financial instruments are recognised in the charity's balance sheet when Ihe oharity becomes party lo the conlraclual provisions ol th8 Inslrumenl. Financial assets and liabilities are offset, with Ihe nel arnounls presented in the financial slalemenls, when there is a legally enlorceable right lo sel off the recognised amounts and there is an inlenlion lo sellle on a nel basis or lo realise the asset and sellle the liabilily simultaneously. B8slc Ilnailclal assels Basic financial assets, which Include (Jeblors and cash and bank balances, are initially measured 91 transaction price including transaction costs and are subsequently carried al amortised cost using the effe¢liva interest melhod unless the arrangement conslilules a financin9 Iiansaclion, where the Ifansaclion is IneasLJied al 11)e preseiil value of the future receipts discounted al a maikel rale ol interest. Financial assets classified as recelvable within one year are not amortlsed.
WADDINGTON STREET CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Conllnuedl Baslc flnanclal liabllllles Basic financial liabilities. Including creditors and bank loans are initially recognised al Iran$aclion price unless the arrangement conslilules a financing Iransaclion, where the debt instrument 1$ measured 81 the present valLJe of the future payments discouTrled al a market rate of inleresl. Financial liabilities classified as payable within one year are not amortised, Debt instruments ar6 subsequently carried al amortised cost, usin9 the eff6clive Interest rale method. Trade creditors are obligations lo pay for goods or services that have been aequired in the ordinary course of operations from suppliers Amounts payable are classified as current liabilities if payment is due within on8 year or less If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al transaction price and subsequently measured al amortised cost using Ihts eff6clive interest method. Derecognlllon of Ilnanclal Ilabllllles Financial liabili118s are derecognised when the charity's conlraclual obligations oxpire or ar6 discharged or cancelled. 1.10 Taxatlon The charity is exempt from corpoialion lax on ils charitable aclivilies. 1.11 Rellrement ben&f115 Payments lo defined conlribiilion retirement benefit schemés are charged as an expense es they fall due. Crlllcal accounting 8stlmates and judgements In the application of Ilie charity's accounting policies, the Iruslees are required to niake ludgemenls, eslimales and assumptions about the carrying amount of assets and liabilities Ihal are not roadily apparonl from olhor sources. Tlie eslimales and associated assumptions are based oli historic81 trxperience and other laclors that are considered lo be relevant Actual results may differ from these osllmales The eslimales and undeilying assumptions are reviewed on an ongoing basls, Revislons lo accounting eslimales are recognised In the period in which the eslim81e is revised where the revision affects (lY that period. or in the period of the revision and future periods where the rewsion affects both current and future periods. Income from donatlons andlogacles Uiirestrlcted funds 2025 Unrestrlcted funds 2024 Donations and gifts Grants 23,645 35,000 25,527 58,645 25,527
WADDINGTON STREET CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income Irom donatlons and legacles Icontlnuedl Unrestrlcted Unrestrlcted fuiids funds 2025 2024 Grants Durham City Freeman Shakespeare Temperance Trust Sir James Knoll Trust Garfield Weston Foundation 1,000 1,000 13,000 20,000 35.000 Income from ¢harltable actlvltles Unrestrlcted Restrlcted flinds fiinds 2026 2026 Tolal Unrestrlcted Reslrlcted Iiinds lunds 2Q24 2024 Total 2026 2024 Waddlnglon Street Resource Cei)tre Local authority funding 174,237 Grants received Other income 174.237 45.431 12,717 149,995 149,995 62,944 16,026 45,431 62.944 12,717 16,026 Waddy Feel Good Serylce Grants received 1,000 1.000 188.954 45,431 232,385 166,021 63.944 229.965
WADDINGTON STREET CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charltable actlvltles {Contlnuedl Charltable actlvltles grants analysls Waddli)gton Stieat Resourco C?i)tre Waddiiig¢on Slr¢o1 Re$ourcg Cenlrts Waddy Feel Good Sorvlcè Total 2025 2024 2024 2024 DCC Publ1¢ Healll) - 2 Ciee Projects Believe Housing - Saturday Support Club County Ourham Community Foundation - Engagement officer funding Durham City AAP Resilience and Wellbeing fund NHS- Happiness Hubs fund Believe Housing Valued Volunteers fund DCC Engagement Officer Funding Believe HoLising Resilience and Wellbeing fund VONNE North East Strategy Engagement Point Norih Support Worker Funding Other 6,000 6,000 6,000 1.000 1,000 35,500 35,500 13,000 4,884 3,560 13.000 4,884 3,560 1,780 17,914 6,667 2,875 5.500 4,695 45,431 62,944 1,000 63,944 Iiicome from other tradlng actlvltles Ui)r&strlcled Unrestrlcled funds funds 2025 2024 Fundraising aclivi118S 11,092 10.288 Income froin Investments Unr&strlcled Unreslrlcted fiinds funds 2025 2024 Interest receivable 7,510 9,988 10
WADDINGTON STREET CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlture on ralslng funds Unrestrlcled Unreslrlcted funds funds 2026 2024 Fundralslng and publlclty Other fLindraising costs 6.370 7,008 Expendlliire on charltable acllvltl&s Waddliigton Waddlngton Waddy Feel Street Street Good Resource R&sourc& Servlce Centro Centfe 2025 2024 Total 2024 2024 Dlrect costs Staff cos15 Depreciation and impairment Hire ol equipnienl Insurance Light, he81 & water Post, slalionery & telephone Volunteers. expenses Travel expenses Bank Charges Repairs & renewals Cleaning Management lees Bieyclè ftjnding Legal 8 professlonal Cree projects Staff training IT cos18 Other charitable expendilLire 262.916 18.786 2,248 4,142 3,376 5,772 6.372 1.009 16 6,7Q8 15,029 8,265 740 647 8,631 1,051 9.160 4,444 235,076 18,528 2,159 3,876 6,469 5,932 4,947 933 17 6.226 10,668 7,891 272 569 6,008 240 9,274 1,974 4,660 239,736 18,528 2,159 3,876 6,469 5,932 7,751 933 17 6.226 10,S68 7,891 272 569 6,008 240 9,274 1,974 2,804 359,402 321.059 7,4S4 328,523 Share of support and goveriiance cost$ (see iiote 91 Governance 2,280 2.328 2,328 361,682 323,387 7,464 330,851 Analysls by fund Unfeslricled funds Reslricled funds 303.463 58.219 258,378 65,009 258,378 72.473 7,464 361.682 323,387 7,464 330.851
WADDINGTON STREET CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support cost$ allocated to actlvltles 2025 2024 Governance costs 2,280 2.328 Analysed betweèn: Waddinglon Street Resource Centre 2,280 2,328 10 Net movement In funds 2026 2024 The n61 movement in funds is slated after chargingllcredilingl., Fees payable for the independent examination ol the charity's financial slalements Depreciation of owned langlb1e fixed assets 2.280 18,786 2,328 18,528 11 Trustees None ol the Ifuslees lor any persons connected with them) received any remuneration or benefits from Ihe charily during the current year or prior year. None of Ilie Iruslees received any expenses for the current year or prioi year. 12 Employees The average monthly number of gmploye88 during the year was.. 2026 Number 2024 Number C.harilable activities Office Management Total 10 Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 241,803 12,231 8,882 216,901 13,315 9.520 262.916 239,736 Diiring the year the charilable company underwent a re-organisalion and as SLich had lo make a number ol staff redundancies. The lolal of these redundancies included within en)Ploymenl ¢osls was £36,676. There were no employees whose annual remuneration was more than £60,000 12
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WADDINGTON STREET CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Debtors 2026 2024 Amounts falllng due wlthln onè year., Trade debtors Other debtors Prepayments and accrued incom6 11,795 1,117 6,245 10,846 8,051 19,157 18,897 1 S Credltors., amounts falllng due wlllilii one yèar 2026 2024 Other laxalion and social security Tfade creditors Accruals and deferred income 4,519 3,413 2.503 2,919 2,606 5,525 10,435 16 Reslrlcled liinds The reslricled funds of the charity comprise Ihe unexpended balances ol donations and grants held on trust subject lo specific conditions by donors as lo how they may be used. Further details of each fund Is noted within the Trustees Report. At 1 Aprll 2024 Incomlng resources Resotirces At 31 March expondad 2025 Waddinglon Street Centre Cfee Projects Happiness Hubs Funding Cycling UK CDCF - FLinding for Engagement Officer Valued Volunteers Funding Point North Recovery Worker Funding Believe Housing Resilience & Wellbeing Support Point North Opporlunilies for Life DCC Engageineiil Slipporl Officer Henry Smiths Support Worker VONNE North East Strategy Engagement DCC NeSghbourhood Budget 193,018 5,499 2,978 1,550 3,251 532 18,5491 18,6331 12,9781 17401 13,2511 12,3121 11,5551 184.469 2,866 6,000 810 1,780 5.500 3,945 6,667 995 17,914 1,700 2,875 2,000 14.7801 1932} 117,9141 11,7001 12,8751 12.0001 1.887 63 206.828 45,431 158,2191 194,040 14
WADDINGTON STREET CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Restrlcte¢J funds Icontlnuedl Prevlous year: At 1 Aprll 2023 Incomlng resources Resources At 31 March expended 2024 Waddinglon Street Centre Cree Projects Happiness Hiibs Funding Waddy Feel Good Service Cycling UK CDCF - Funding for Engagement Officer Valued Volunteers Funding Durham AAP Mental Health Digital Inclusion 201,566 5,505 18,5481 {8.0061 11,9061 17.4641 {272} 132,250} 13,0271 113,0001 193,018 5,499 2,978 6,000 4.884 1,000 6.464 1,822 1,550 3,251 532 35,501 3,559 13,000 215,357 83,944 172.4731 206,828 17 Unrestrlcted funds The unreslricled lunds ol the charity comprise the Linexpended balancos ol donations and 9ranls wliicl) are not siibjecl lo specific conditions by donors and grantors as lo how they may be used These Include designated funds which have been sel aside out of iinreslricled funds hy the Inislees for specific purposes. Further details of each lund Is noted within the Trustees Report At 1 Aprll 2024 Incomlng r650urces Resouices expended Trai)8lors At 31 March 2025 Waddinglon Street Centre Durham Sarnarilans Sociely (Out ol Hoiifsl Minibus Rep13cemernl Fund Building Maintenance Fund Development and Personnel Costs IT Infraslruclure 157,649 264.201 1278,409> 115,0001 128,441 16.655 30,000 20,000 11,424) 15,231 40.000 20,000 10,000 63,000 10,000 (30.000) 33.000 15,000 5,000 297,304 264,201 1309,833) 251.672 15
WADDINGTON STREET CENTRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Unrestrlcted funds IconlSnuedl Prevlous year.. At 1 Aprll 2023 Incomlng resources Resources gxpeiided Transfèrs Al 31 March 2024 Waddlnglon Street Centre Durham Samaritans Soclely (Out of Hours) Minibus Replacement Fund 8Liilding Maintenance Fund Development and Personnel Costs IT Infraslruclure 226,211 211,824 1265,386) 115,0001 157,649 16,655 20,000 20,000 16,655 30,000 20,000 10.000 58,000 10,000 5,000 63,000 10,000 350,866 211,824 1265,366) 297,304 18 Aiialysls of 1701 assèls belweeii fuiid Unreslilcte(I funds 2025 Reslrlctèd funds 2025 Total 2026 At 31 March 2025: Tangible assets Current asselsllliabililiesl 14,177 237,495 184,469 9,571 198,648 247,066 251,872 194,040 445,712 Unrcstrlcted lunds 2024 Reslrlcled fu nds 2024 Total 2024 At 31 March 2024: Tangibl& assets CLirrenl asselsllliabililiesl 23,655 273,649 193,018 13,810 216,873 287,459 297,304 206,828 504,132 19 Related party transactions There were no disclosable related party transactions dtiring the year (2024- none). 16