Wishing Well Family Centre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continuedj
Year ended 31 March 2023
Structure, governance and management
Goveming Document
Wishing Well Family Centre is a company limited by guarantee, govemed by its conslitution dated
28th October 1997 and subsequently amended by special resolution on 23rd May 2012. It is
recognised as a Gharity by HM Revenue and Customs. The trustees are the members of the
company, each of whom has agreed to contribute £5 in the event of the charity winding down.
Trustees have the power at any time and from time to lime. to appoint any person to be a trustee
either to fill a casual vacancy or as an an addition to the existing trustees.
New trustees undergo induction and are provided with a governance and procedures paper as well as
policies to brief them on their legal obligations under charity and Gompany law. They are also given
the content of the Memorandum & Articles. the committee and decision making processes, the
business plan and financial infomiation of the charty. The Management Committee meets six to
eight times a year.
Initially management salarses were set by DSD and fixed. After some years the Committee gave
management staff the same percentage rise as all other staff. mainly 1 % . More recently, with the
introduction of a living wage and on advice from The Federation of Small Business, all staff including
management are awarded the increase. for example, 2021-2022 living wage went from £8.91-£9.50
per hour, an increase of 59p per hour for all in April 2022.
Objectives and activities
The objectives of the company shall be:
To promote the benefrt of the inhabitants of North Belfast, particularly but not exclusively the Alliance
area. without distinction of sex, race or political, religious or other opinions by relieving poverty.
advancing education and providing facilities in the interest of social welfare wtth the object of
improving the conditions of life for the said occupants.
Summary of the main acts'vities in relation to these objects
Childcare services, environmental project, advice surgeries. parenting courses, seasonal holiday
schemes, youth project. bus service. volunteeringltraining seNices. educational support.

Wishing Well Family Centre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
Achievements and performance
Grant received through-out 2022-2023
Belfast City Council- £3,606
Early Years- £300
Education Authority- £45,410
Department for Communities- £54.696
In March 2023, secured a grant from Department of Social Development for £50,510.89 to
manage the cenlre through the Neighbourhood Renewal Implementation Project for one year
Successful in receiving grants from Belfast City Council, Education Authority, Belfast Trust and
CCP for a variety of revenue costs.
staff have completed training on 1st Aid, Chikl Protection. ACE'S, CCLD Level 5, Food Hygiene,
Special needs, Autism, Child Protection. Designated offi￿r. Solihull. Media Initiative and Cluster
Training
Glenbrook Sure Start. Smile and Outer West Sure Start -12 staff seconded to these Surestarts
through service level agreements. SLA also set up with the Trust for sponsored Day care
The centre had a highly successful summer programme with trips and activities every day for
seven weeks over July and August for over 100 children. funded by BCC
Open days and the Graduation Ceremony in June 2022 were well attended by parents and friends
of the centre.
The environmental team has continued to maintain the centre and its gardens as well as assisting
in the community
I policies and procedures are updated conlinually in collaboration with key personnel
Employ 30+ local people and manage numerous students and volunteers
Over 140 children registered every day and attending Baby Room. Toddler Room. Junior
Playgroup, Senior Playgroup. Pre-school. and Out of Schools
Play area to the rear of the centre completed by KOMPAN, costing over £100,000

Wishing Well Family Centre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (eontlnuedj
Year ended 31 March 2023
Financial review
The net fund balances at the year ended 31st March 2023 totalled £1.452,374 which comprised
restricted funds of £876.058 and unrestricted funds of £576,316. Incoming resources for the period
were £579,231 and outgoing resources were £598.424 leaving a net deficit of £19,193.
The Board of Directors of Wishing Well Family Centre have reviewed the charity's needs for reserves
in line with the guidance issued by the Charity Commission and have designated £80,000 for the
purpose of acquiring and maintaining new premises.
Wishing Well will retain a general resetve of six months, expenditure to ensure running costs for that
period and any liability for winding up the organisation. Expenditure for 2022123 was £598,424
therefore the target would be £299.212 in general funds along with a further amount for redundancy
and windup costs.
Wishing Well has a capital reserve fund relating to capital grants received for the purchase of the
premises at Alliance Crescent. The fund will be fully amortised over the life of the premises in
compliance with guidance issued by the Charity Commission.
Wishing Well re￿iVed funding from Service fees, BHSCT. Education Authority, Belfast City Council,
Early Years and Department of Communities
Risk management
The trustees have a risk management strategy which comprises:
An annual review of the risks the charity may face
The establishment of systems and procedures to manage those risks identified- The implementation
of procedures designed to minimise any potential impact on the Gharity should those risks materialise.
A key element in the management financial risk is the setting of a reserves policy.
Plans for future periods
Currently, no plans for the coming year except trying to get everything back to normal.
Trustees. responsibilities statement
The trustees, who are also directors for the purposes of company law. 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).
Company law requires the charity trustees to prepare financial statements for each year which give a
true and fair view of the state of affairs of the charitable company and the incoming resources and
application of resources, including the income and expenditure, for that period.

Wishing Well Family Centre
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2023
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistenuy;
observe the methods and princtples in the applicable Charities SORP"
make judgments and accounting estimates that are reasonable and prudent.
prepare the financial statements on the going concem basis unless it is inappropriate lo presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charity's transactions and 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
Companies Act 2006. 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.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that..
so far as they are aware. there is no relevant audit infonnation of which the charity's auditor is
unaware: and
they have taken all steps that they ought to have laken as a trustee to make themselves aware of
any relevant audit information and to establish that the charity's auditor is aware of that
information.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to
the small companies exemption.
The trustees, annual report was approved on 18 October 2023 and signed on behalf of the board of
trustees by:
Mr K Johnst
Trustee