COMPANY REGISTRATION NUMBER: N1033164 CHARITY REGISTRATION NUMBER: NIC104723 Wishing Well Family Centre Company Limited by Guarantee Financial Statements 31 March 2024 Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN
Wishing Well Family Centre Company Limited by Guarantee Financial Ststements Year ended 31 March 2024 Pag8 Trustees, annual report (incorporating the director's report) Independent auditor's report to the members Statement of financial activities (including income and expenditure account) 12 Statement of financial position Statement of cash flows 13 14 Notes to the financial statements 15
Wishing Well Family Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2024. Reference and administrative detalls Reglstered charity nam8 Wishing Well Family Centre Charlty roglstratlon number NIC104723 Company registratlon number N1033164 Prlnclpal offlce and registered 7-9 Alliance Crescent office Belfast BT14 7PL The trustee8 Mr K Johnston Mr S Dobbin Mr K McGlennon Company secretary Mr S Dobbin Audltor Finegan Gibson Ltd Chartered accounlants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN Bankers Al8 11-15 Donegall Square North Belfast BT15GB
Wishing Well Family Centre Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contInu) Year ended 31 March 2024 Structur8. governance and management Governing Document Wishing Well Family Cenlre is a company limited by guarantee, governed by its constitution dated 28th October 1997 and subsequently amended by special resolution on 23rd May 2012. It is recognised as a charity 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 time, 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 company law. They are also given the content of the Memorandurn & Articles, the committee and decision making processes, the business plan and financial information of the charity. The Management Committee meets six to eight times a year. Initially management salaries were set by DSD and fixed. After some years the Committee gave management staff the same percentage rise as all olher 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 wenl from £8.91-£9.50 per hour, an increase of 59p per hour for all in April 2022. Objectlves and actlvltles The objectives of the company shall be.. To promote the benefit of the inhabilanls 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 with the object of Improving the conditions of Ilfe for the said occupants. Summary of the main activities in relation to these objects Childcare services, environmental project, advice surgeries, parenting courses, seasonal holiday schemes, youth project, bus service, volunteeringltraining services, educational support.
Wishing Well Family Centre Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) (¢ontinuedJ Year ended 31 March 2024 Achievements and perfomiance In March 2024, secured a grant from Department of Social Development for £50,510.89 to manage the centre through the Neighbourhood Renewal Implementation Project for one year. Successful in re¢eivlng grants from Belfast City Councll, Education Authority, Belfast Trust and CCP for a variety of revenue costs Staff have completed training on 1st Aid, Child Proteclion, ACE'S, RISE, Flre safety, Manual handling, DSE, Risk assessment, Health & safety, CCLD Level 3, CCLD Level 5, Food Hygiene, Special needs, Autism, Child ProteGtion, Designated Officer, Solihull, Media Initiative and Cluster Training. Glenbrook Sure Start, Smile and Outer West Sure Start -14 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 aclivities every day for seven weeks over July and Augusl for over 100 children, funded by Belfasl City Council. Open days and the Graduation Ceremony in June 2023 were well attended by parenls and friends of the cenlre. The environmental team has continued to malntain the centre and its gardens as well as assisting In the community. All pollcles and procedures are updated continually in collaboration with key personnel. Employ 30+ local people and manage numerous students and volunteers. Wages were increased by .92p per person, inline with the increase in minimum wages and all sessions of daycare were increased by £1 per session to meet the cost Over 140 children registered every day and attending Baby Room, Toddler Room, Junior Playgroup, Senior Playgroup, Pre-school, and Out of Schools. Annual appraisals carried out as well as regular support and supervision Monthly subscription to CITATION for 3-year period initially to assist management with HR and Health & Safety. Deeds collected for the three areas of landl property owned by Wishing Well minutes 28th August 2024 management All playrooms received a makeover, new toilets were installed in the ladies and a new sensory room developed in the Dobbin Room.
Wishing Well Family Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Financlal review The net fund balances at the year ended 31st March 2024 totalled £1,412,431 which comprised restricted funds of £851,956 and unrestricted funds of £560.475. Incoming resources for the period were £552,093 and outgoing resources were £592,036 leaving a net deficil of £39,943. The Board of Directors of Wshing 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 relain a general reserve of six months, expenditure to ensure running costs for that period and any liability for winding up the organisation. Expenditure for 2023124 was £592,036 therefore the larget would be £296,018 in general fund5 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 received 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 rlsks identified- The Implementation of procedures designed to minimise any polential impact on the charity should those risks materialise. A key element in the management financlal risk is the setting of a reserves policy. Plans for future perlods Currently, no plans for the ¢omlng year except trying to get everything back to normal. Trustees, responsibllitle8 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 appli¢able law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires Ihe 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 expendrture, for that period.
Wishing Well Family Centre Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {eontlnued) Year ended 31 March 2024 In preparing these financial statements, the trustees are required to: select suitable accounling policies and then apply them consistently; observe the methods and principles in the applicable Charities SORP; make judgments and accounting estimates that are reasonable and prudent., prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continu8 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 dat8 of approval of this report confirms that.. so far as they are aware, there Is no relevant audit information of which the charity's auditor is unaware; and they have taken all steps that they ought to have taken 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 21 November 2024 and signed on behalf of the board of trustees by.. Mr K Johnston Trustee