Charity registration number 1145648 (England and Wales)
Company registration number 07836910
DREAMS AND WISHES
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
DREAMS AND WISHES
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Ms B E Atkinson
Mr J C Collingbourne
Mr T Curtis MBE
Charity number (England and Wales)
1145648
Company number
07836910
Registered office
Transport House
1 Cardiff Road
Newport
NP20 2EH
Independent examiner
UHY Hacker Young
Bradbury House
Mission Court
Newport
Gwent
United Kingdom
NP20 2DW
DREAMS AND WISHES
CONTENTS
Page
Trustees report
1 - 4
Independent examiner's report
5
Statement of financial activities
6
Balance sheet
7
Notes to the financial statements
8 - 15
DREAMS AND WISHES
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 1 -

The trustees present their report and financial statements for the year ended 30 November 2025.

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 Companies Act 2006 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)".

Objectives and activities

The charity's object ive s are to support children suffering from serious or life-threatening illness and the families of those children by such charitable means as the Trustees see fit. In particular, but not exclusively, this can be achieved by granting financial aid to those children and the families of those children who have been referred to the charity by Doctors, Medical Specialists, Social Workers, Play Specialists, Local GP or Charity Ambassadors, by means of financial aid or otherwise to fulfil the dreams and wishes of the children and their families who are seriously ill or have a life-threatening illness. The charity creates special memories for both the children and their families.

The main aim of the charity is to fulfil wishes and create many smiles and happy lifelong memories for the children and their families who find themselves in a very difficult position with a child who is seriously ill. This is extremely important for the families and the children who are seriously ill or have a life-threatening illness. The charity achieves this by granting their wish, organising day trips and family events. As a charity we also help the families by way of financial or moral support by such means as the Trustees see fit. This is achieved, but not exclusively, by granting financial aid or fulfilling the dreams or wishes to those children and their families that have been referred to the charity by a Doctor, Nurse, Social Worker, Ambassador or Play Specialist

Each wish request form is supported by a letter from one of the following: Consultant, Doctor, Play Specialist, Play Worker, Palliative Care Nurse, Board Member or Ambassador to confirm that the child is suffering from a serious or life-threatening illness.

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

Special Mention

Dreams and Wishes Charity would like to thank Jayne Lewis of Gwent Holdings for a very generous donation during 2025 of £250,000. As a result of this very kind donation our Dylan Coastal Resort Lodge will be known as Jessie’s Dreams and Wishes Lodge.

Volunteers

As a charity we are extremely lucky to have a team of dedicated volunteers that are not paid any salary or expenses for the countless hours they dedicate to making dreams and wishes come true for seriously ill children and their families. Without our team of volunteers, we would not be able to achieve this. There are three volunteers that go above and beyond for the charity putting in at least 25-30 hours per week, they are Tony Curtis MBE, Dianne Evans and Karen Tossell. It is unusual for a charity to have three volunteers willing to put in so many hours without being paid a salary or expenses. The charity has now been established just over 14 years and not one penny has been paid in salaries or expenses to anyone. We would like to take this opportunity to thank all our volunteers for their challenging work, dedication, and support throughout the year.

DREAMS AND WISHES
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -
Achievements and performance

In this financial year, the charity has managed to fulfil hundreds of dreams and wishes and created life-long memories for children and their families who find themselves facing a serious illness. As a charity we have organised many family day trips and events where families could all get together and enjoy creating special memories. The charity arranged trips to West Midlands Safari Park and Pennywell Farm for the children and their families this year, we also arranged family parties during the summer and at Christmas at Insole Court. We were also still able to grant hundreds of wishes and provide support to the children and their families.

Some of the wishes granted during 2025:

- Nintendo switches

- Holidays to Bluestone

- Garden Play Equipment

- Plane rides

- Rugby tickets and hospitality

- Lunch with the Welsh Rugby team

- Art equipment

- Gaming computers

- I-pads

- Centre Parcs holiday

- Christmas in November for 2 children receiving end of life care

- Cardiff Devils tickets and VIP experience

- Bedroom Makeover

- Trips to Harry Potter Studios/ Peppa Pig World/ CBeebies Land

- Legoland

- Pandora jewellery

- Longleat VIP Experience

- Horse and Carriage

- 100 people saw the pantomime Scrooge

During 2025, the charity has continued to bring happiness and create special memories for seriously ill children and their families by granting wishes.

“I have been brave boxes” have now been installed at The Grange, Newport, Morriston Hospital Swansea, Prince Charles Hospital, Merthyr and The Princess of Wales Hospital in Bridgend which we will continue to fill with toys.

Sadly, some of the children we support have very short lives, therefore it is important for us as a charity to be able to help the families to create life-long memories to treasure.

We held a Christmas party at Insole Court for children and their families attended by the Welsh Guards, The Queen’s Dragoon Guards, Disney Princesses and Father Christmas.

We supplied lots of Easter craft items and hundreds of Easter eggs to the Grange hospital in 2025 to be given to all children attending an outpatient’s appointment or staying in hospital over Easter.

DREAMS AND WISHES
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 3 -

Our visit to London went ahead this year where we took 11 children to the House of Commons to have lunch with Mr Speaker and Lady Hoyle. We had a visit from Santa who gave each child a sack full of presents. The children then went on to Downing Street to have photographs outside No 10. They then went on the London Eye and had a meal in London before heading home.

During 2025, 30 families with a seriously ill child have visited our lodge in Laugharne for a week’s break, these families have all enjoyed a much-needed rest away from hospital appointments, treatments and hospital stays. We have now extended this offer of a break at the lodge to families that have sadly lost their child.

Our Christmas visits to hospitals in South and West Wales went ahead in 2025. We were able to enter the wards this year along with Father Christmas, Welsh Guards, The Queens Dragoon Guards, and volunteers where we were able to hand presents to all children in hospital on that day and left bags of presents with the nurses to be able to distribute all over the Christmas period.

Financial review

During the year the charity's incoming resources amounted to £63 2,119 (2024 - £267,329), resources expended amounted to £175,634 (2024 - £193,071) and other gains/​(losses) amounted to a £nil (2024 - £3,825 loss) resulting in a surplus for the period of £456,485 (2024 - £70,433).

All income and expenditure in both the current and prior year are unrestricted.

As at 30 November 202 5 the charity's reserves totalled £1,830,028 (2024 - £1,373,543) consisting wholly of unrestricted reserves.

Reserves Policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a specific level between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The reserve policy for the charity is that when the bank account registers £10,000 or less wishes would be limited to £100 per wish. If the cash reserves fall as low as £5,000 wishes would be limited to £50 per wish.

The charity would like to thank the following organisations for donating services during this period. Without their support and commitment, we would not have been able to grant as many dreams and wishes and create as many special memories for the children and their families.

Gifted donations during 2025

- Storage Group – storage and support £20,000

- Hasbro Toys – supplying gifts £10,000

- Kids Out – pantomime tickets £ 2,000

- Thames Valley Construction – maintenance at Heath Park £15,000

- Easter eggs donated Real SFX, Edward Davies Commercials, UHY £ 1,000

- Staybridge Suites - rooms for guests and meetings £ 2,000

- Mainline Coaches £ 4,500

- Thames Valley Constructions - toys £ 1,000

- Cardiff Devils donation of cuddly toys £ 3,000

- Xmas gifts from The Hanbury Arms Caerleon                                   £400

- 16 tickets to rugby at Principality Stadium                                      £1,100

- Lunch for 4 with the Welsh Rugby team.                                       £ 250

- 10 tickets to a Taylor Swift Party                                             £150

- 4 tickets to an Arsenal game with a meet and greet                               £400

- 2 x family of 4, 3-day trip to Disneyland Paris from Mainline Coaches.             £3,000

Total £63,800

DREAMS AND WISHES
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 4 -

Risk Management

The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

All trustees and board members are aware of GDPR, advice has been received from the ICO and the charity is fully compliant.

This is achieved by:

- Regular monthly meetings of the trustees in person and via zoom

- Quarterly reviews by at least two trustees of all payments made and monies received

- Monthly meetings in person and via zoom to agree where money is spent

- Regular phone call and contact between trustees

- GDPR discussed at monthly board meetings

Future Plans

Dreams and Wishes will continue to maintain the Celebration of Life Garden at Heath Park and the bench that has been installed at Roath Park. We will also continue to maintain the lodge in Carmarthenshire.

The charity will continue to supply hospitals with gifts for the “I have been brave” boxes on the children’s wards in hospitals throughout the year.

The charity will continue to organise family events, days out and parties. Wishes will still be delivered directly to the children at home where necessary but are also being delivered in person wherever possible. We will continue to supply Easter Eggs, toys, and craft supplies to the hospitals.

Structure, governance and management

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee as defined by the Companies Act 2006.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Ms B E Atkinson
Mr J C Collingbourne
Mr T Curtis MBE

The day-to-day management of the charity is delegated to Mr T Curtis MBE and Mrs Dianne Evans.

Induction and training of new trustees

A Trustee will only be elected once he or she has shown considerable interest in the charity by working as a volunteer for at least one year. No new Trustee will be appointed unless they show a willingness to work with the children and their families and help us as a charity to fulfil wishes and create memories. Any new Trustee will be appointed by a majority vote of the existing trustees.

Each trustee received continual and ongoing training by regular meetings on compliance and governance with guidance from the Charities Commission.

The Trustees r eport was approved by the Board of Trustees.

Mr T Curtis MBE
Trustee
Dated: 7 April 2026
DREAMS AND WISHES
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF DREAMS AND WISHES
- 5 -

I report to the trustees on my examination of the financial statements of Dreams and Wishes (the charity) for the year ended 30 November 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, 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

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

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:

1

accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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.

UHY Hacker Young
Bradbury House
Mission Court
Newport
Gwent
NP20 2DW
United Kingdom
7 April 2026
DREAMS AND WISHES
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 6 -
Unrestricted
Unrestricted
funds
funds
2025
2024
Notes
£
£
Income from:
Donations and legacies
2
537,794
185,454
Other trading activities
3
86,818
73,452
Investments
4
7,507
8,423
Total income
632,119
267,329
Expenditure on:
Raising funds
5
14,427
23,632
Charitable activities
6
161,207
169,439
Total expenditure
175,634
193,071
Net income
456,485
74,258
Other recognised gains and losses:
Other losses
11
-
(3,825)
Net movement in funds
7
456,485
70,433
Reconciliation of funds:
Fund balances at 1 December 2024
1,373,543
1,303,110
Fund balances at 30 November 2025
1,830,028
1,373,543

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

DREAMS AND WISHES
BALANCE SHEET
AS AT 30 NOVEMBER 2025
30 November 2025
- 7 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
12
664
960
Tangible assets
13
257
694
Investment property
14
540,000
540,000
540,921
541,654
Current assets
Debtors
15
10,096
6,036
Cash at bank and in hand
1,281,692
828,338
1,291,788
834,374
Creditors: amounts falling due within one year
17
(2,681)
(2,485)
Net current assets
1,289,107
831,889
Total assets less current liabilities
1,830,028
1,373,543
Net assets excluding pension liability
1,830,028
1,373,543
The funds of the charity
Unrestricted funds
1,830,028
1,373,543
1,830,028
1,373,543

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 November 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 7 April 2026
Mr T Curtis MBE
Trustee
Company registration number 07836910 (England and Wales)
DREAMS AND WISHES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 8 -
1
Accounting policies
Charity information

Dreams and Wishes is a private company limited by guarantee incorporated in England and Wales. The registered office is Transport House, 1 Cardiff Road, Newport, NP20 2EH.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 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)". 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 applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary a mounts 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.

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.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so please refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income from grants, whether capital grants or revenue grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

DREAMS AND WISHES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 9 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is recognised on an accrual basis. Expenditure is classified under the following activity headings:

- Cost of raising funds comprise the costs in relation to generating income such as fundraising activities.

- Expenditure on charitable activities includes all costs relating to the furtherance of the charity's objectives as stated in the Trustees Report

- Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include office costs and governance costs. Governance costs comprise all costs involving the public accountability of the charitable trust and its compliance with regulation and good practice.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Grants payable payments are made to third parties in the furtherance of the charitable objectives of the charitable objectives of the charity. The expenditure is recognised when the commitment is communicated to the recipient.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

1.6
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation 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:

Website costs
5 years
1.7
Tangible fixed assets

Tangible fixed assets are measured at cost, 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
25% on cost
Computers
33% on cost
1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

DREAMS AND WISHES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 10 -
1.10
Taxation

As a registered charity, Dreams and Wishes is entitled to the exemption from taxation in respect of income and capital gains received within section 479-489 of the Corporation Tax 2010 and in section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable object purposes only. No charge have arisen in the Charitable Company.

1.11
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.

2
Donations and legacies
Unrestricted
Unrestricted
funds
funds
general
general
2025
2024
£
£
Donations and gifts
473,994
113,454
Donated goods and services
63,800
72,000
3
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Fundraising events
86,818
73,452
4
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
7,507
8,423
DREAMS AND WISHES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 11 -
5
Expenditure on raising funds
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Fundraising and publicity
Staging fundraising events
12,981
10,306
Fundraising agents
1,446
11,442
Advertising
-
1,884
14,427
23,632

Costs associated with donation include 2025: £nil (2024: £3,825) for foreign exchange fees.

6
Expenditure on charitable activities
Charitable activities
Office support costs
Total
Charitable activities
Office support costs
Total
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Direct costs
Depreciation and impairment
437
-
437
446
-
446
Working with children with life-threathening illness
145,527
12,616
158,143
158,256
7,635
165,891
145,964
12,616
158,580
158,702
7,635
166,337
Share of support and governance costs
Support
296
-
296
296
-
296
Governance
-
2,331
2,331
-
2,806
2,806
146,260
14,947
161,207
158,998
10,441
169,439
Analysis by fund
Unrestricted funds
146,260
14,947
161,207
158,998
10,441
169,439

Support costs consist of rent, printing, stationery, insurance and bank charges.

Governance costs includes payments to the independent examiner's fees of £2,331 (2024 - £2,806) for independent examination fees.

DREAMS AND WISHES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 12 -
7
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
2,331
2,806
Depreciation of owned tangible fixed assets
437
446
Amortisation of intangible assets
296
296
8
Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the current or prior year.

There were no trustees expenses paid d uring the current or prior year.

9
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
Total
0
0
There were no employees whose annual remuneration was more than £60,000.
10
Taxation

The charity is exempt from tax ation on its activities because all its income is applied for charitable purposes.

11
Other gains and losses
Unrestricted
Unrestricted
funds
funds
2025
2024
Gains/(losses) upon:
£
£
Foreign exchange
-
(3,825)
DREAMS AND WISHES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 13 -
12
Intangible fixed assets
Website costs
£
Cost
At 1 December 2024 and 30 November 2025
1,478
Amortisation and impairment
At 1 December 2024
518
Amortisation charged for the year
296
At 30 November 2025
814
Carrying amount
At 30 November 2025
664
At 30 November 2024
960
13
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 1 December 2024
1,750
847
2,597
At 30 November 2025
1,750
847
2,597
Depreciation and impairment
At 1 December 2024
1,056
847
1,903
Depreciation charged in the year
437
-
437
At 30 November 2025
1,493
847
2,340
Carrying amount
At 30 November 2025
257
-
257
At 30 November 2024
694
-
694
14
Investment property
2025
£
Fair value
At 1 December 2024 and 30 November 2025
540,000

The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

DREAMS AND WISHES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 14 -
15
Debtors
2025
2024
Amounts falling due within one year:
£
£
Prepayments and accrued income
10,096
6,036
16
Loans and overdrafts
2025
2024
£
£
Bank overdrafts
164
-
Payable within one year
164
-

The long-term loans are secured by fixed charges over one year.

17
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank overdrafts
16
164
-
Other creditors
22
-
Accruals and deferred income
2,495
2,485
2,681
2,485
18
Unrestricted funds

The unrestricted funds of the charity compri se the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be use d. The se include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 December 2024
Incoming resources
Resources expended
Gains and losses
At 30 November 2025
£
£
£
£
£
General funds
1,373,543
632,119
(175,634)
-
1,830,028
Previous year:
At 1 December 2023
Incoming resources
Resources expended
Gains and losses
At 30 November 2024
£
£
£
£
£
General funds
1,303,110
267,329
(193,071)
(3,825)
1,373,543
DREAMS AND WISHES
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 15 -
19
Analysis of net assets between funds
Unrestricted
funds
2025
£
At 30 November 2025:
Intangible fixed assets
664
Tangible assets
257
Investment properties
540,000
Current assets/(liabilities)
1,289,107
1,830,028
Unrestricted
funds
2024
£
At 30 November 2024:
Intangible fixed assets
960
Tangible assets
694
Investment properties
540,000
Current assets/(liabilities)
831,889
1,373,543
20
Related party transactions

There were no disclosable related party transactions during the current or prior year.

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