Wishing Well Family Centre
Company Llmited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2025
2025
Restricted
funds Total funds Total funds
2024
Unrèstrlcted
funds
Note
Income and endowmonts
Donations and legacies
Charitable activities
Other income
360
487,501
2,902
360
576,581
2,902
505
551,588
89,080
Total Income
490,763
89,080
579,843
552,093
Expendlture
Expenditure on charitable activities
Total expendlture
513,948
113,182
627,130
592,036
513,948
113,182
627,130
592,036
Not expendlture
(23,1851
(24,102)
(47,2871
(39,943)
Transfers be￿een funds
17,078
(17,078)
Nel movement In funds
{6,107)
(41,180)
147,2871
(39,943)
Re¢onclllatlon of funds
Total funds brought forward
Total funds carrled forfiiard
560,475
554,368
851,956
1,412,431
1,365,144
1,452,374
1.412,431
810,776
The statement of financlal actlvllies Includes all galns and losses recognlsèd in the year.
All Income and expenditure derSve from continuing activities.
The notes on pages 15 to 24 form part of these financial statements.
12

Wishing Well Family Centre
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
2025
2024
Note
Flxed assets
Tangible fixed assets
13
953,273
1,004,388
Current assèts
Debtors
Cash at bank and in hand
14
27,879
397,818
425,697
29,099
394,864
423,963
Credltors: amounls falllng due wlthln one year
Net current assets
15
13,826
15,920
411,871
1,365,144
408,043
1.412,431
Totsl assets less current Ilabllltlès
Net assets
1,365,144
1,412,431
Funds of the charlty
Restricted funds
Unr8slrictgd funds
810,776
554,368
851,956
560,475
Total charlty funds
17 1,365,144
1.412,431
These flnanc181 statements have been prepared in accordance wllh the provlslons appllcablè to
companies subject to the small companies, reglme.
Th8S8 financial statements were approved by the board of trust8es and authorlsed for Issu8 on 22
October 2025, and are signed on behalf of the board by:
Mr S Dobbin
Trust8e
The notes on pages 15 to 24 form part of theye financial statements.
13

Wishing Well Family Centre
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2025
2025
2024
Cash flows from operatlng actlvltl8s
Net expenditure
{47,287)
139,9431
Adjustments for..
Depreciation of tangible fixed assets
Interest payable and similar charges
Accrued expensesllincome}
51,115
1,193
235
53,019
1,873
192)
Ch8ng8s In..
Trade and other debtors
Trade and other creditors
1,220
12,329}
4,147
110.0631
5,226
Cash generated from operations
10,020
Interest paid
Net cash from operatlng actlvitles
11,193)
2,954
(1,8731
8,147
Net Increase In cash and cash equlvalents
Cash and cash equlvalents at beginning of yèar
Cash and cash aqulvalents at and of year
2,954
394,864
8,147
386,717
397,818
394,864
Thg notes on pag05 15 to 24 fonn part of these financial statements.
14

Wishing Well Family Centre
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2025
General inforniation
The charity is a public benefit entity and a private company limited by guarant8e, registered in
Northern Ireland and a registered charity in Northern Ireland. The address of the reglstered officé
is 7-9 Alliance Crescent, Belfast, BT14 7PL.
Statement of compllance
These financial statements have been prepared in compliance with FRS 102. 'The Financlal
Reporting Standard applicable in the UK and the Republic of Ireland., the Slalement of
Recommended Practice applicable lo charilles preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accountlng pollclos
Basls of preparatlon
The financial statements have been prepared on Ihe historical Cost basls, as modlfied by th8
revaluation of certain financial assets and liabilities and investmént properties measured at faSr
valu8 IhroLtgh income or expèndlture.
Th8 flnanclal statements are pr8par8d In sterllng, whlch is the functional currency of the entity.
Wlshing Well Family Centre me8ts the d8finltlon of a publlc beneflt entity under FRS 102.
Golng concern
Ther8 are no matèrlal uncèrtaintlès about the charlly's ablllly lo continue.
Dlsclosurg exemptlons
The entity satlsfies the criteria of belng a quallfylng 8ntlty as defined In FRS 102. As such,
advantage has been taken of the following disclosure exemptions available under paragraph
1.12 of FRS 102..
lal Dlsclosures in respect of financlal instruments have not been presented.
Judgements and key sources of estlmatlon uncertalnty
The preparation of the financlal statements requires management lo make Judgements.
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experience and other factors, including expectations
of future events that are belleved lo be reasonable under the circumstsnces.
15

Wishing Well Family Centre
Company Limited by Guarantee
Notes to the Financial Statements (conllnued)
Year ended 31 March 2025
Accountlng pollclas {continu•dJ
Fund accounting
Unrestricted funds are available for use al the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for partictjlar future project or
commllment.
Restricted funds are subjected lo restrictions on thèlr expenditure d8clared by the donor or
through the term5 of an appe81, and fall into one of two sub-classes.. restricted Income funds or
endowment funds.
Incomlng resourc88
All Incoming resource5 are included in the ststement of financial aclivilies when enlitlemenl has
passed lo the charity; il is probable that the economic benefits assoclated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applled to partlcular ¢alegories of income..
Income from donations or grants is recognlsed when there Is evld8nc8 of 8ntlll8ment to th8
glft, r8celpt is probable and ils amount can be measured reliably.
legacy income Is recognised when recelpt Is probabl8 and 8ntlll8m8nt Is establlsh8d.
income from donatèd goods Is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost lo the donor
or the eslimaled resale value. Donated facilities and services are recognised in the
accounls when received rf the value can be reliably m8asur8d. No amounts are Included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for it lo be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
16

Wishing Well Family Centre
Company Limited by Guarantee
Notes to the Financial Statements f¢onllnued)
Year ended 31 March 2025
Accountlng pollcles (continu•d)
Resources expended
Expenditure is recognised on an accruals basis as a liability is Incurred. Expenditure includ85 any
VAT which cannot be fully recovered, and Is classifièd under headings of the statement of
financial activities lo which il relates:
expenditure on raising funds includes the costs of all fundralslng activitlès, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable a¢livilies includes all costs inctsrred by a charity In undertaking
activities that further its charitable aims frjr the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned lo charitable
activities.
other expenditure Includes all expendlture that is nellher related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categorles refl8Ctlng the use of the resource. Direct costs
attributable lo a single activlty ar8 allocatèd directly lo that aclivily. Shared costs are apportSoned
belween the activities they contribute lo on a reasonable, justifiable and consistent basis.
Tanglble assets
Tanglble assets are initially recorded at cost, and subsequently slated at cost less any
accumulaled daprecialion and impaimient losses. Any tanglble assets carried at revalued
amounls are recordèd at the fair value al the dale of revaluation less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
An Increase in the carrying amount of an asset as a result of a revaluation, is recognised In other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure withln the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except lo which il offsets any previous revaluation gain, in which case the loss Is shown within
other recognised gains and losses on the slalement of flnancial activities.
Dèpreclatlon
Depreclatlon is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows..
Fraahold property
Long leasehold property
Motor vehicles
Equipment
2D/o Stralght Ilne
20A straight line
250/0 Straight line
250/0 Straight line
17

Wishing Well Family Centre
Company Limited by Guarantee
Notes to the Financial Statements fcontlnuedj
Year ended 31 March 2025
Accounting pollcles (conllnu¢d)
Impalmiant of flxod assets
A review for indicators of impairment is carried out at each reporting dale, with the recoverable
amount bèSng estimated wherè such indicators exist. Where the carryin9 value exceeds the
recoverable amount, the asset Is Impaired accordingly. Prior impairments are also reviewed for
possible reversal al each reporting date.
For the purposes of Impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generaling unit to which the asset belongs. The ca5h-generating unit is the smallest
identifiable group of assels that includes the asset and generates cash inflows that largely
independent of the Cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill 8¢quired in a business combinatlon is, from the
acquisition dale, allocated 10 each of the cash-generaling units that are expected lo benefit from
the synergies of the combinallon, irrespective of whether other assets or liabilities of the charity
ar8 assigned to those units.
Flnanclal Instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the
contractual provlslons of the Instrument.
Baslc flnanclal instruments ar8 Inltlally racognlsed at the amount recelvable or payable including
any related transacllon costs.
Current assets and current liabilities are subsequently measured at the cash or oth8r
consideration expected to be paid or ￿ceiVed and not dlscounted.
Debt instruments are subsequently measured at amortised ¢ost.
Where investments In shares are publicly traded or their fair value can oth8Mlse be measured
reliably, the investment 15 subsequently measured at fair value with changes in fair value
recognised in income and expenditure. All other such investments are subsequently measured at
cost less impairment.
Other financial Inslrumenls, including derivalives, are initially recognised al falr value, unless
payment for an asset 15 deferred beyond normal business terms or financed al a rate of interest
that is not a market rale. in which case the asset is measured at the present value of the future
Payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial activities, with the exceptlon of hedging Snstruments in a
esignated hedging relationship.
Financial assets that are measured at Cost or amortlsed cost are reviewed for objective evidence
of impairment al the end of each reporting date. If there is objective evidence of impairment. an
impairment loss is recognised under the appropriate heading In the statement of financial
acllvilies in which the initial gain was r8cognised.
18

Wishing Well Family Centre
Company Limited by Guarantee
Notes to the Financlal Statements (eonlinuèd)
Year ended 31 March 2025
Accounting pollcles fGonllnuedJ
Financlal Instrumants (contlnu•d)
For all equity instruments regardless of slgnlfican¢e, and other financi81 assets that are
indivldually significant, these are assessed individually for impairment. Other financial assets are
either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of Impairment are r8cognised immediately, lo the extent thal the reversal does not
result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Deflned contrlbutlon plans
Contributions to defined contribution plans are recognised as an expense in the period in which
thè related service is provided. Prepaid contribulions are recognised as an ass81 to the 8xt8nt
that the prapayment willlgad to a reduction in future payments or a cash refund.
Wh8n conlributlons arè not expected to be settled wholly within 12 months of the end of the
reporting date in which th8 employe8s render the related Sérvi￿, the liability is measured on a
discounted present value basis. The unwindlng of the dlscount Is r8cognls8d as an 8xpense In
the period in which it arises.
Llmltad by guarantèe
The charlty Is a company limlted by guarantee and every member undertakes to contribute to the
assets of the company in the event of it being wound up, such amount as may be requlred not
exceeding £5,
Donatlons and léga¢les
Unrestricted Total Funds Unreslricled Total Funds
Funds
2025
Funds
2024
Donatlons
Donations
360
360
505
505
19

Wishing Well Family Centre
Company Limited by Guarantee
Notes to the Financial Statements (contlnu•d)
Year ended 31 March 2025
Charltablè activities
Unrestricted
Funds
Restricted Total Funds
Funds
2025
BHSCT
Nursery Fees
Service Fees
Belfast City Council
Education Authority
Departmenl for Communities
Other Income
Early Years
167,456
150,777
146,524
10,375
167,456
150,777
146,524
10,375
35,844
53.236
2,131
10,238
35,844
53,236
2,131
10,238
487,501
89,080
576,581
Unrestricted
Funds
Restricted Total Funds
Funds
2024
BHSCT
Nursgry Fees
Service Fees
Belfast City Councll
Educatlon Aulhorlly
Department for Communllles
Other Income
Early Y8ars
170,335
25,760
259,902
1,399
170,335
25,760
259,902
1,399
35,631
52,226
6,335
35,631
52,226
6,335
463,731
87,857
551,588
Other Income
Unrestricted Total Fund8 Unrestricted Total Funds
Funds
2025
Funds
2024
2.902
2,902
Expendlture on charltable actlvltles by actlvlty typo
Activities
undertaken
directly Support costs
Total funds
2025
Tolal fund
2024
Direct charilable activity
Governance costs
557.948
557,948
69,182
627,130
521,672
70,364
69,182
69,182
557.948
592,036
20

Wishing Well Family Centre
Company Limited by Guarantee
Notes to the Financial Statements fcontlnuod)
Year ended 31 March 2025
Net expenditure
N8t expenditure is stated after chargingllcreditlng)..
2025
2024
Depr8clalion of tangible fixed assets
51,115
53,019
10. Audltors remunaratlon
2025
2024
F88s payable for Ihe audit of the financial statements
4,960
4,725
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows..
2025
2024
Wages and salaries
Social security costs
Employ8r contributions to pension plans
456,315
24,486
7,567
418,295
17.822
6,950
488,368
443,067
The average h8ad count of employees during the year was 3312024.. 30). The average numb8r
of full-time equivalent employees during the year Is analysed as follows,.
2025
2024
No.
Number of staff
33
30
No employee recelved èmployee bènefits of more than £60,000 during the year (2024.. Nil),
Key Management Porsonnèl
Kay management personnel Include all persons that have authority and responsibillty for
planning, directing and controlling the activities of the charity. The total compensation paid to key
management personnel for seNlces provided to th8 charity wa5 £83,927 {2024'.£76,6681.
12. Trustee remuneratlon and expenses
No remuneration or other benefits from employment with the charity or a related entity were
re￿iVed by the trustees
21

Wishing Well Family Centre
Company Limlted by Guarantee
Notes to the Financial Statements (continu•d)
Year ended 31 March 2025
13. Tangible fixed assets
Long
Freehold leasehold
property
propety
Motor
vehicles Equipment
Total
Cost
At 1 Aprll 2024 and
31 March 2025
494,391
728,686
15,000
146,703 1,384,780
Depreclatlon
At 1 April 2024
Charge for the year
At 31 March 2025
168,119
9,528
89,091
14,574
15,000
108,182
27,013
135,195
380,392
51,115
177,647
103.665
15,000
431,507
Carrylng amount
At 31 March 2025
316,744
625,021
11,508
38,521 1,004,388
953,273
At 31 March 2024
326,272
639,595
The Executive Office who have assessed wlth funding In relation to the land and buildings
ex18nslon work above hav8 taken a charge over the associated assets d8led 13th December
2016.
14. Dobtors
2025
2024
Prepaym8nts and accnjed Income
Other deblors
1,527
26,352
29,099
29,099
27,879
15. Credltors: amounls falllng due wlthln one yèar
2025
2024
Accruals and deferred Income
Social security and other laxes
Othar creditors
4,960
4,725
6,675
4,520
8,866
13,826
15,920
16. Pgnslons and other posl retirement benofits
Deflned contrlbutlon plans
The amount recognised in income or expenditure as an expense in relation to defined
ontribution plans was £7,567 {2024.' £6.950).
22

Wishing Well Family Centre
Company Limited by Guarantee
Notes to the Financial Statements (contlnuedj
Year ended 31 March 2025
17. Analysls of charltablo funds
Unrestrlcted funds
At
31 March 202
At
1 April 2024
Income Expenditure
Transfers
General funds
Designated Fund
560,475
490.763
1513.948)
17,078
554,368
560.475
490.763
(513,9481
17,078
554,368
At
31 March 202
At
1 April 2023
Income Expenditure
Transfers
General funds
Designated Fund
496,316
80,000
464,236
(480,0771
80,000
180,0001
560,475
576,316
464,236
(480,0771
560,475
Restrlcted fund$
At
31 March 202
At
1 Aprll 2024
Income Expenditure
Transfers
Dfc Fundlng
Capltal R6S8rve Fund
TEO- SIF
Education Authorlty
17,078
237,847
597,031
53,236
153,236)
19,5281
114,574)
135,844}
(113,1821
(17,078)
228,319
582,457
35,844
851,956
89,080
(17,078)
810,776
At
31 March 202
Al
1 April 2023
Income Expendlture
Transfers
Dfc Funding
Capital Reserve Fund
TEO - SIF
Education Aulhority
17,078
247,375
611,605
52,226
152,2261
19,5281
114,5741
135,6311
1111,959)
17,078
237,847
597,031
35,631
87,857
876,058
851,956
The capital reserve and TEO relales to capital grants received for the purchase of the premises
at Alliance Crescent. The fund will bé fully amortised over the life of the premises.
Transfers have taken place in the year to reclassify income to Unrestricted funds as the funds
are available for any use, no restridions are in place for the usage of this inGome.
23

Wishing Well Family Centre
Company Limited by Guarantee
Notes to the Flnancial Statements (cgnlinued)
Year ended 31 March 2025
18. Analysls of not assets batween funds
Unrestricted
Funds
Reslricl8d Totsl Funds
Funds
2025
Tangible fixed assets
Current as5els
Credilors less than 1 year
Net assets
142,497
425,697
113,8261
554,368
810,776
953,273
425,697
113,8261
1,365,144
810,776
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tanglble fixed assets
Current assets
Creditors less than 1 year
Net assets
169,510
406,885
(15,9201
560.475
834,878
17,078
1,004,388
423,963
115,920)
1,412,431
851,956
19. Ethlcal standards
In common with many other buslnesses of our slze and nature we use our auditors to prepare
and submit returns to the tax authorities and assist with the preparallon of the flnancial
statements,
20. Corporatlon taxatlon
The Charlty's 8¢llvitles fall withln the exempllons afforded by the provisions of Ihe Income and
Corporation Taxes Act 1988. Accordingly, there is no taxation charge In these accounts.
21. Contlngent Ilabllltles
A contingent liability exists lo repay grants recelved should certain conditions not be fulfilled by
the charity. In the opinion of the Trustees, the terms of the Letters of Offer have been, or will be,
complied with and no liabillty Is expected.
22. Analysls of changes In net debt
At
At 1 Apr 2024 Cash flows 31 Mar 2025
Cash at bank and In hand
394,864
2,954
397,818
23. Related parties
There were no related paty transactlons during Ihe year.
24