REGISTERED COMPANY NUMBER: 02888488 (England and Wales)
REGISTERED CHARITY NUMBER.. 1035688
Ro
ort of the Trustees ond
Audite
Financial Statements
for the Y
r Ended 31 December 2024
for
NEW WAYS
A COMPANY LIMITED BY G
ARANTEE

EW WAYS
A COMPANY LIMITED BY GUARANTEE
Contents ol the Finan
fort
r Ended31 D
tem
nls
2024
Page
Report of the Trustees
Report of Ihe Independent Auditors
statement of Financial Activities
12
Balance Sheet
13
Cash Flow Statemenl
14
Notes to the Cash Flow Statement
15
Notes to the Financial Statements
16 to 29
Detailed Statement of Financial Activities
30 10 31

NEW WAYS
NY LIMITED BY GUARANTEE
Re
orl of the Tr
Year Ended 31 December 2024
The truslees who are also directors of the charity for the purposes of the Companies Act 2006, present
their report with the financial statements of the charity for the year ended 31 December 2024. The
financial statements comply with the Charities Acl 2011, the Companies Act 2006, Ihe Memorandum
and Articles of Associalion, and Accounting and Reporting by Charities: Statement of Recommended
Practice applicable to chorities preparing their accounts in accordance with the Financial Reporting
standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 201 ?).
For the year to 31 December 2024 Ms A Doch&rty conlinues to also serve as the charity's Chief
Executive Officer (Volunteerl.
Poge I

A COMPANY LIMITED BY GUARANTEE
Re
ort of the T ust
for th& Year Ended 31 December 2024
OBJECTIVES AND ACTIVITIES
Rovlew ol the Year
In 2024 New Ways conlinued to support projects that are in line with the primary objective of the
chority which is to help communities to Ihrivg in the four African countries where the charity supports
projects (Ethiopia, Kenya, Malawi and South Sudan) in conjunction with its partner organisation. Since
the Covid pandemic the charity has seen a notable reduction in grass roots support and especially
unrestricted donation5
this has not changed significanlly in 2024 but more representatives of our
portner organisation are visiting the UK. The majority of donations are now restricted which has
impacted the support for key projects such as the nursery schools and education programmo
supporled in all four countries, There has been an increase in support from Grant Making Organisations
IGMOS). primarily for water projects. The trustees are grateful for all the support provided by our donors
enobling the charity to help fhose in greatest need and the charity will continue to supporl the primary
areas of focus.
This year the chority funded projects valued at just over £319,000, down by approx. 20f. when
compared to 2023 - $0 a disappointing year and partially due to a drop of over £50,000 from granl
making k)odies, Just over 60fo of the funds were dispersed to projects which represent our long-term
ongoing projects (nurseries, education. health and agriculturel. Funding for our water projects to build
the water infrastiuGture in Turkana (Northern Kenya) represented 30% of our grants in 2024 and
continues to be a priority area.
In total, New Ways was able to fund 26 pro￿ectS across the four countries. As noted above, the amount
sent to improve the quality of the lives of the people in Africa was just over £319.1X)O. The bulk of the
projects we support are k)ased in Turkana and they represenled 82% of our project funding
predominantly due to 30Y¢ of our expenditure being focussed on water infraslructure and 23% for
nursery school's programme. This year Ethiopia represented just over l 0% of project spend, Malawi
represented 4Itr and South Sudan 2Yo of tolal funding. The majority of water infrastructure programrnes
in Turkana were supported by the States of Guernsey Oversea5 Development Fund and another Grant
Making Organisation - these 2 organisations provided over £70,(K)O of support in 2024. Of the 26 projects
funded, 17 would be deemed small projects. as individually they were all less thon £10,000 and
together, they totalled almost £65,000120f.l.
In 2024, the charity's income fell by 1410 when compared to 2023, however, restricted funding
predominanlly from GMOS continues to be a major component of our income. We received fundir)g
from 7 grant making organisation representing 2410 of our income lapprox, £94.0001. Unreslricted
funding remains low at ?1 To a similar percentage when compared lo 2023 but significantly down from
previous years. We were successful this year in raising restricted funding from GMOS and major
individual benefactors providing both restricted and unrestricted funding.
Paga 2

NEW WAYS
A COMPANY LllvllTED BY GUARANTEE
Re
ort of thè Truslees
f r the Ysar Ended 31 Decemb8r 2024
The running of nutritional nursery schools in Turkana continue5 to be a key part of our activities as they
are criticol projects with the primary aim of feeding children in the age group 2-7 to ensure they grow
and develop to reach their full potential. Equally, a5 this is the first rung of education, we hope that
more children will then go to primary school. In this period, there were three main areos in Turkana
where the schools are located,. these are Lobur, Nariokotome, and Todonyang, In Turkana, on
average, each of the nursery classes has 50-70 children attending on a regular basis, therefore the
project is covering nutritional and educational needs of over 1,300 children, Payments are made to
cover the full running costs once or twice a year. In addition, we contributed running costs of the
nutritional nurseries in four areas of Ethiopia, as well as South Sudan, In this financial year, we
contributed over £105,000 to Ihe nutrilional nursery schools in fhe four countries with 68fo supporting the
21 Turkana nurseries, where fvnding for two of them is being provided by Gmo's. Funds sent in this
period were to cover the leacher5' salories, educational equipment, school uniforms and to provide
the children with two meals a day whilst attending the nursery 5-6 days a week. This is very important as
a first level education for children before they move on to primary school. ond ensures we reduce
infanl mortality in the region. In Ethiopia the funding for the nurseries is predominantly covered by 2
GMO.
Another key theme continues to be the Education programmes which include supporting two primary
schools, as well as student and child sponsorship programmes. Their focus is to support children and
young adults in primary, secondary and lerliary educafion in Turkana in Kenya, as well as in Elhiopia. As
a result of the success of our Girls Education Frogramme, supported by a key benefactor for over l O
years, we now have over 13 young ladies from Turkana c]Itending either University or College in Kenya,
the first of which gradualed in 2024. A lotal of just under £57,0￿ was sent to the educational projecls in
the period. This included the support for a primary school in Todonyarng where the Turkana ond
Dassanech (from acros5 the border in Ethiopial live side by side while being educated to promote
peoce in the area, which is a very important initiatlV6. In oddition, the primary school in Nariokotome is
supported in partnership with an organisation in London and, we have a key programme in Ethiopia
where Ihe children are supporled by specific individuals. Education 15 critical in the empowerment of
the next generation.
An area of critical importance is the provision of water resources and the development of the
infrastructure given the dry and arid nature of Turkano, and the othei countries where we operate. As
well as being necessary for survival, the availability of water is very empoweiing and generally enables
more children lo attend school and encourages agriculture endeavours. Water projects hav8,
therefore, been a long-term theme of the charity. In 2024, we had continued supporl from GMOS
lapprox. £70,000) supporting water projects in Turkana. Of Ihe funds transferred during 2024 (just over
£96,000), almost £51,000 was provided by the States of Guernsey for a water project in Turkana to build
two earth pon dams. In Turkana, we invested in the water infrastructure, including the drilling of 2 bore
holes in the Noriokotome area These 2 were partly funded by US regislered charity, Buyl Givel IBI GI I,
plus a number of UK GMOS and otFier benefactors. Our water projects will continue to provide Ihe
local people with a source of clean drinking water, which will be available throughout the year,
ensuring that they are able to take care of their own personal needs, as well as their animals, on which
they rely for nutrition. Having borehole5 in a village also ensures more girls go to school.
There were a number of other small infrastructure programmes including provision of solar lamps in
Malawi at a significant discount, which enables the students to study in the evenings and for families to
spend more time together. This programme is supported by 81 Gl.
Page 3

EDB
Re
ort of the Trustees
De
er 2024
The provision of key health service5 in Turkana 15 a very important and ongoing aspect of the work of
our partner organisation a5 It is not currently provided by the local government. We supported three
projects with funds of almost £31,0(K) being sent this year to Turkana and South Sudan. The primary
project is the Nariokotome Health Programme where we cover the running costs of medical aid that is
provided to the remote villages ond outstatlOn5 on a regular ba515. New Ways provides 20Yo of the total
budget with fhe rest of the funds being provided by a European NGO. The governmer)I does partner
with us to provide vaccines and retro viral drugs. hlalaria remains the biggest issue for the local people
especially in the rainy season. In addition, we supported a similar programme in the Lobur area of
Turkana. A major supporter of our health programme is Bl Gl. We also funded a project in South Sudan
to cover the cost of employing o nurse in their health programme. This project is supported by an NGO.
There are a number of other projects covered in the financial information.
The administrative support costs of the charity were jusl under £35,000 lan increase of about a third in
comparison to recent year51 and are retained at such a low level due to the important voSunleer
support the charity has organised and maintoined. Additionally, there ore governance costs of just
over £6,500. Together these represent just over l Olo of the gross income of the chorily. The majorily of
the administratlon costs cover two part-time resources, including a bookkeeper and an individual who
makes applications to GMOS. We aim lo ensure that Ihe bulk of the funds we roi5e go lo helping the
people in the four countries we operate in. We continue to save funds due to the very high level of
volunteer support in running the charity, including the CEO. We olgo have over 20 volunteers in key
aclivities providing support to the charity, further reducing costs and maximising the spend on projects.
During 2024 the majority of our projects were monitored largely by the New Ways chair and vice Chair
who reside in Nariokotome, Turkono (Northern Kenya) and are the represenlolives of our partner on the
ground in all four African counlries where we work. They also act a5 our relationship manager with the
partner organisation in all countries. Almost oll of our projects are manoged by members of the N4CSPA,
who ore a150 members of New Ways, are well known to all directors and who live permanently in either
Turkana IKenyal, Ethiopia, South Sudan, or Malawi. They ensure thot we receive good quality finoncial
reports on how the funding is spent. We also raised just under £61,000 from our regular giving
programme (similar to 20231. In 2012, we estoblished a relolionship wilh BuylGivel IBIGII a US
registered charity with an administration base in Singapore Ihat enables small and medium sized
businesses to give to charities in an effective manner. This has been a very positive and suppoitive
relalionship and in 2024 we raised almost £44,000 through them for variou5 projects mostly for the
Nariokotome health, bore holgs in Turkana and our Ethiopia nurseries. This is down significantly from the
previou5 year.
STRATEGIC REPORT
Investment polley and objectlves
The Charily holds all its fund5 on short-term deposit with its bankers.
Reserves policy
In the Ttustees, view, the reserves should provide the charity with adequate financial stabilily to meet its
running costs for a minimum of one year and the means for il to meet its charitable objectives in the
short term.
The trustees propose to moinlain the charity's reserves at a minimum level of £50,000 and have done so
having regard to its manner of operation and of likely funding streams.
The trustees review the amount of reserves Ihat are required lo ensure that they are adequate to fulfil
the charity's continuing obligations as a minimum on an annual basis and more regularly if necessary.
Page 4

A COMPANY LIMITED BY GU
orl of the
for the Yeor Ended 31 D
slees
er 2024
STRATEGIC REPORT
FLrture plans
The Board of Directors have agreed that our focus and key themes remain unchanged working closely
with our partner organisation. Our key projects continue to be the provision of first rung education and
nutritional support via mainlenance of nutritional nursery schools in Turkana (Northern Kenya), Ethiopia,
and South Sudan. As well os a range of educalion projects predominantly in Kenya and Ethiopia. The
provlsion of health care in Turkana remains a long-term commitment of the charity and we will give
some support in South Sudan, New Ways will continue to fund community-enabling and social services
projects supported by benefactors and other trusts.
Infrastructure will be a significant aspect of project funding in 2025 with a focus on water in Turkana,
predominantly due to the funding programme from a GMO and individuals. Additionally, the States of
Guernsey are providing funding for the building of 2 bore holes. Our long term donor will continue to
support the building of the Development Cenlre in Nyangotom, South West Ethiopia.
ultimately, support for the projects we would like to fund will very much depend on the funds roi5ed
from GMOS and benefactors, We are now oble to host our project managers so they can visit donors to
discuss the projects they are implementing. We will focus on working hard to raise as much as possible.
All projects are designed to empower the local people and ensure they have the tools lo thriv&.
The budget for the financial year to end December 2025 remains ambitious and is over £500,IX)O but
final funding will depend on what can be raised.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng 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.
Organlsallon
The original members of the company were Ihe 17 subscribers to the memorandum and arlicles of
association. The number of permitted members is unlimited subject to Ihe approval of the Board. The
current membership stands at 25. Annual subscriptions fixed by the board are, unless waived, in full or
part, due from the members. There is o board of directors for the direction and management of the
affairs of the company which consists of no less than 5 or more than 12 memt)ers. To be eligible for
appointmenl to the board a person shall be a member of the company or a representative dulv
authorised by a corporation which is a member of the company. Increases or decreoses in Ihe
number of board members is subjecl to a general meeting of the company. The board currently meet
on a quarterly basis and require a hvo-thirds majority voting Dn all key issues with the exception of those
specified in the arlicles which were approved in September 2015 and registered in Octok)er 2015 with
the Charity Commission and Companie5 House. The charity has a registered office and most
volunteers and stalf work from home. Several of the volunfeers fake responsibility for running different
areas of the organisotlon. New Ways sends out a newsletter to Members ond supporlers two or three
times a year.
Rlsk management
Whilst risk assessment can limit iisk, i* does not eliminate risk, The Tru5fee5 have assessed the major risks to
which the charity is exposed, in particular those related lo the operation and finances of the charily
and are Satisfied that Ihe systems in place to mitigate exposure lo these risks are operating efficiently,
Page 5

NEW WAYS
NY Llh41TED B
ACO
EE
Re
ort of Ihe Trustees
Ended 31 De
fort
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
02888488 (England and Wolesl
Reglstered Charlly number
1035688
Reglstered offlce
47 Cumberlond Street
London
SWIV 4LY
Trustees
F Margoin
Ms Angela Docherty
S Garner
W Carson
Ms L Jillo Chairperson
Ms S Wamalwa
Ms L Jillo is the chairperson.
Company Secretary
S Garner
Audilors
WDM
Register&d Auditors
Chartered Accountants
378 Brandon Street
Mothewell
MLI IXA
Sollcltors
Solicitors: Bates Wells Braithwaite, Charity & Social Enterprise Department, 10 Queen Street Flace,
London, EC4R I BE.
Bankers
Banker5: Natwest. City of London. PO Box 12258, 1 Princes Street, London, EC2R 8BP.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The twstees Iwho ore also the direclors of New Ways la company limited by guarantee) for the
purposes of company lawl are responsible for preparing the Report of the Trustees and the financial
statements in accordance with applicable law and United Kingdom Accounting Standords (United
Kingdom Generally Accepted Accounting Practice).
Page 6

NEW WAYS
NY LIMITED B
EE
Re
ort of the Trustees
STATEMENT OF TRUSTEES, RESPONSIBILITIES - conllnued
Company law requires the trustees to prepare financial statements for each financial year which give
o true and fair view of the state of affairs of the charilable company and of the incoming resources
and application of resources, including the income and expenditure, of the charitable company for
that period. In preparing Ihose financial slatements, the Irvstees are required to
select suitable accounting policies and then apply them consislenlly,.
observe the methods and principles in the Charity SORP;
make judgements and estimates Ihat are reasonable and prudent,.
state whether applicable accounting standards have been followed, subject to any material
deparlures disc105ed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose wi*h reasonable
accuracy at any time Ihe financial position of the charitable Gompany and to enable them to ensure
that the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charitable compony and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
In so far 05 the truslees are aware..
Ihere is no relevan* audif information of which the charitable company's audilors are unoware,. and
the trustees have taken all steps that they ought to have taken to moke themselves aware of any
relevant audit information and to establish that the auditors are awore of that information.
AUDITORS
The auditors, WDM. will be proposed for re-appoinlment at the forthcoming Board Meeting.
Report of the trustees. incor
the company dir@ctor5, On
tin
trate
eport, approved by order of the board of trustees, as
and signed on the bocrd'5 behalf by:
Ms Ang
Do
rty- Trust
Page 7

Re
orl of the I de
acom
an
limited b
uaranlee
Opinion
We have audited the fincjncial statements of New Way5 la company limited by guarantee) (the
'charitable company'l for the year ended 31 December 2024 which comprise the Statement of
Financial Activities, the Balance Sheet, Ihe Cash Flow Stotemenl and notes to Ihe financial statements,
including a summary of signlficant accounting policies. The financial reporting framework that ha5
been applied in their preparation is applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financial statements:
give a Irue ond fair view of the state of the charitoblg company's affairs as 0131 December 2D24
and of its incoming resources and applicalion of resources, including its income and expendilure, for
the year then ended,,
have been properly prepared in accordance with United Kingdom Ger)erally Accepted Accounting
Practice,. and
have been prepared in accordance with Ihe requirements of the Companie5 Act 2006.
Basis for oplnlon
We conducted our audit in accordance with Internolional Standards on Audiling IUKI IISAS IUKII and
applicable law. Our respon5ibilifies under those standards are further described in the Audi*ors'
responsibilities for the audit of the financial Statements section of our reporl. We are independent of
the charitable company in accordance wilh the ethical requirements that are relevant to our audit of
the financial statements in the UK, including the FRC'S Ethical Standard, ond we have fulfilled our other
ethical responsibilities in accordance with these requirements. We believe that the audil evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial statements, we have concluded that the trustees, use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
events or condition5 that, individually or collectively, may cast significanl doubl on the charitable
company's ability to continue as a going concern for a period of at leost twelve months from when the
financial stafements are authorised for issue,
Our responsibilitle5 and the responsibilities of the trustees with respecl fo going concern are described
in the relevant sections of this report.
other Infoymatlon
The trustees are responsible for the other information. The other information comprise5 the information
included in the Annual Report, other than the financial statements and our Report of the Independent
Auditors thereon.
Our opinion on the financial statements does not cover the other information and. except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is maferially inconsistent with the
financial statements or our knowledge obtained in the audit or othewise appears to be materially
misstated. If we identify such material inconsistencies or apparent materiol misstatements, we are
required to determine whelher this gives rise to a material misstatement in the financial statements
themselves. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to reporl that fact. We have nothing to report
in this regard.
Page 8

Ra
ort of the Inde
endent Auditors to the Members ol
New Wa
limited b
an
uarantee
Opinions on other matters prescribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in Ihe Report of the T￿SleeS for the financial year for which the financial
statements are prepared is consistent with the financial statements; and
the Report of the Trustee5 has been prepared in accordance with applicable legal requirements.
MatFers on whlch we are required lo reporl by excepllon
In the light of the knowledge and understanding of the charitable company and its environment
obtained in the course of the audil, we have not identified malerial misstatements in the Report of the
Trustees.
We have nothing to report in respect of the following malters where the Companies Act 2006 requires
us to report to you If, in our opinion..
adequate accounting records have not been kept or returns adequate for our audit hav@ not been
received from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of trustee5' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.
Responslbllllles of trustee$
As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the
directors of the charitable compony for the purposes of company lawl ore responsible for the
preparation of the financial sla*ements and for being satisfied thal they give a true and fair view, and
for such internal control as the trustees determine is necessary to enable the preparation of financial
slafements Ihat are free from material misstatement, whether due to fraud or error.
In preparing the financial stalerrents, the trustee5 are responsible for assessing the charitable
company's ak)ility to continue as a going concern, disclosing, os applicable, matters related to going
concern and using the going concern basis of accounting unless the trustees either intend to liquidale
the charitable company or to cease operations, or hove no realistic alternative but to do so.
P(Jgg 9

Ro
ort ol the Inde
endent Auditors to Members of
New Wa
limited b
acom
an
uaranlee
Our responsibillff es for the audll of the financlal statements
Our ok)j8ctives are to obtain reasonable assurance about whether the financial Statements as a whole
are free from material miss*atement, whether due to fraud or e￿Or, and to issue a Report of the
Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance,
but is not a guaranfee that an audit conducted in accordance with ISAS IUKI will always detect a
material misstalement when it exists. Misstat&ments can arise from fraud or error and ore considered
material if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users tok&n on th& basis of these financiol statements.
The extenl to which our procedures are capable of detecting irregularities, including fraud is detailed
below:
We oblained an understanding of the legal and regulatory frameworks thal are applicable lo New
Ways and determined thol the most significant ore:
- Those that relate lo the form and content of the financial statements, such as the charity SORP".
Those that relate to the transfer of funds to foreign countries
We understood how New Ways is complying with those frameworks by observing the oversight of those
charged with governance, the culture of honesty and ethical behaviour and the emphasis placed on
fraud prevention which may reduce opportunities for fraud to take place.
We assessed the susceptibility of the linanclal statements to material misstatement, including how
froud might occur by moking an ossessment of the key fraud risks to New Ways and the manner in
which such risks may manifesl themselves in praclice, based on our previous knowledge of New Ways
as well as an assessment of the current environment.
Based on this understanding, we designed our audit procedures to identify non-compliance with such
laws and regulations. Due to the CU￿ernt political situation in cerfain African countries where New Woys
operates, we checked all payments transferred to foreign countries via NoMest bank which then
provided a re050nable assurance that the financial staterrenls were free of fraud and error.
A further description of our responsibilities for the audit of the financial statements is located on the
Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms
part of our Report of the Independent Audi*ors.
Pagelo

t of the Ind
dént Audllors to th& Memb8rs ol
Ngw Wa
limile
acom
on
tee
Use of our report
Thi5 report is made solely to the charitable company's members, as a body, in accordance with
Chapter 3 of Part 16 of Ihe Companies Act 2006. Our audit work has been undertaken so that we might
state to the charilable company's members those matters we are required to stale to them in an
auditors, report and for no other purpose. To the fullest exlenl permitted by law, we do not accept or
assume responsibility to anyone other thon the charitable company and the charitable company's
members as a body, for our audit work, for this report, or for the opinions we have formed.
Graha
my (Senior Partner)
for ar)d on behalf of WDM
Registered Auditors
Chartered Accountants
378 Brandon Street
Motherwell
MLI IXA
Dote:.
o4a-
Pagoll

NEW WAYS
A COMPANY LIMITED BY GUARANTEE
stalsmont of Financial A t
for the Year Ended 31 December 2024
31.12.24
Total
funds
31.12.23
Tolal
funds
Unrestricted
funds
Reslricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
82,031
309.874
391,905
457,017
Investment income
3,810
3,810
3,081
Total
85,841
309,874
395,715
460,098
EXPENDITURE ON
Raising funds
414
414
492
Charltable actlvitles
Granls Payable
Support costs
Governance Costs
37,466
34,452
6,558
281,937
293
319,403
34,745
6,558
404,505
24,737
5,454
Tolal
78,476
282,644
361,120
435,188
NET INCOME
7,365
27,230
34,595
24,910
RECONCILIATION OF FUNDS
Tolal funds brought forward
148,145
163.142
311,287
286,377
TOTAL FUNDS CARRIED FORWARD
155.510
190,372
345,882
311,287
The notes form part of th&sa financlal statements
Page12

NEW VIAYS
MPANY LIMITED BY GUARANTEE
Bulance Sheel
31 December 2024
31.12.24
Total
funds
31.12.23
Total
funds
Unrestricted
funds
Reslricled
funds
Notes
CURRENT ASSETS
Debtors
Cash at k)ank
13
26.166
138,266
26,166
328,640
31,859
287,119
190,374
164,432
190,374
354,806
318,978
CREDITORS
Amounfs falling due within one year
14
(8,924)
(8,924)
17,6911
NET CURRENT ASSETS
155,508
190,374
345.882
311,287
TOTAL ASSETS LESS CURRENT LIABILITIES
155,508
190,374
345,882
311,287
NET ASSETS
155,508
190,374
345,882
311,287
FUNDS
Unrestricted fund5
Restricted funds
15
155,508
190,374
148,145
163,142
TOTAL FUNDS
345,882
311,287
The
an
al stat
ents were approved by the Board of Trustees and authorised for issue on
and were signed an ils behalf by.,
Angela Doche
ee
The notes form part of these financial statements
Poge13

NEW WAYS
YLI
EDB
ACO
PA
Cash Flow Slatement
31.12.24
31.12.23
Notes
Cash flows from operatlng actlvltles
Cash generated from operations
37.711
62,942
Net cash provided by operating activities
37,711
62,942
Cash Ilows from Invesllng actlvllles
Interest received
3,810
3,081
Net cash provided by investing activities
3,810
3,081
Change In cash and cash equivolents
In the reportlng perlod
Cash ond cash equivalenls ot the
beglnnlng of the reportlng perlod
41,521
66,023
287,119
221,096
Cash and cash equlvalents at the end
of the reportlng period
328,640
287,119
The notes form parl of these financial slatemenls
Page14

NEW WAYS
PANY LIMITED BY GUA
ACQ
TEE
for the Yaor Endad 31 Déce
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.12.24
31.12.23
Net Income for the reportlng perfod (as per the Statemenl of
Financial Activilies)
Adjustments for:
Interest received
Decrease in debtors
Increase in creditor5
34.595
24,910
(3,810)
5,693
1,233
13,0811
39,771
1,342
Nel cash provided by operalions
37,711
62,942
ANALYSIS OF CHANGES IN NET FUNDS
Al 1.1.24
Cash flow
At31.12.24
Not cash
Cash at bank
287,119
41,521
328,640
287,119
41,521
328,640
Total
287,119
41,521
328,640
The notes form part ol thèse financial statements
Page15

WA
A COMPANY LIMITED BY GUARANTEE
Notes to the Financial Statements
for th& Year Ended 31 December 2024
ACCOUNTING POLICIES
Basls ol preparing the flnanclal statements
The financial statements of the charitable company, which is a public benefit enfity under FRS
102, have been prepared in occordance with the Charities SORP IFRS 1021 'Accounting ond
Reporting by Charities: Statement of R&commended Practice applicable lo charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reporting Sfandard 102 'The
Financial Reporling Standard applicable in the UK and Republic of Ireland, and the Companie5
Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the chcJrity hos enfillemenl
to the funds, it is probable that the income will be received and the amount can be measured
reliably. The following specific policies are applied lo particular categories of income..
lal Donations
Donations are included in the y6ar in which they are receivable and the amount can be
measured reliably.
Ibl Interest receivoble
Interest on funds held on deposit is included when receivable and ths amount can be
measured reliably by the charity; this is normally upon notification of the interes* paid or payable
by the bank.
Expendlture
Liabilities are recognised a5 expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits
will be required in settlemenl and the amount of the obligation can be measured rellably.
Expenditure is accounted for on an accruals basis and has been classified under heodings thot
aggregate all cost related to the category. Where costs conno* be directly attributed to
particular headings they have been allocated to activities on a basis consistent with the use of
resource5.
Grants offered subject to condifions which have not been mel at the year end date are noted
as a commitment but not accrued as expenditure.
Governance cosls
Governance costs include those costs incurred in the governance of the company's assets and
are primarily associated with constitutional and stalutory requirements.
Tanglble lixed assels
Tangik)le fixed assets costing more thon £1 00 are capitalised, including ony incidenlal expenses
of acquisition. Depreciation has been provided on the tangible fixed assets at an annual rate of
15To on the reducing balance method, so as to write off the assets over their estimated useful life.
Page 16
continued...

NEW WAYS
A CONIPANY LIMITED BY GUARANTEE
Notes to th& Financl I St
en*s- con
for Ihe Year Ended 31 Decsmbgr 2024
ACCOUNTING POLICIES - contlnued
Taxolion
The company is a charity within the meoning of section 506111 of the Taxes Act 1988. Accordingly
the company is potentially exempt from taxation in respect of income or capital gains received
with categories covered by section 505 of the Taxes Act 1988 or section 256 of the Taxation of
Chargeable Gains Act 1992 to the extent that such income or gains ore applied to exclusively
charitable purposes.
Restrlcled and deslgnated fund5
Funds restricted by the donor are treated as restricted funds. All other receipts ar& unrestricted
funds however the chari*y has designated part of these funds for specific purposes. The aim ond
use of each designated fund is detailed in the notes to the financial statements. General funds
are unreslricted funds which are available for use at the discrefion of the Trustees in furtheronce
of the general objectivity's of the charity and which have not been designated for other
purposes.
Debtors
Deblors are recognised at the settlement amount due afler any discount offered.
Cash al bank and in hand
Cosh al bank and cash in hand includes cosh and short term highly liquid inve5tmenls with a
shorl maturity of three months or less from the date of acquisition or opening of the deposil or
similar account.
Credltors
Creditors are recognised where the charity has a present obligation resulting from a past evenl
that will probably resull in the transfer of funds lo a Ihird party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors are normclly recognised at their
settlement amount after allowing for any discounts due.
DONATIONS AND LEGACIES
31.12.24
31.12.23
Donations
Gift aid
Grants
Subscriptions
Sponsored Event Income
59,467
38,235
94,098
10
95
271.761
39,367
145,829
10
50
391,905
457,017
Page17
continued,..

NE
WA
A COMPANY LIMITED BY GUARANTEE
cia
st
ements - conti
ued
Year Ended 31 Dacamber 2024
DONATIONS AND LEGACIES - contlnued
Grants received, included in the above, are as follow5,,
31,12.24
31.12.23
Narikolome Health Project
Earth Pan Dam
Turkana Bore Hole
Ethiopia Nurserie5
South Sudan Water Project
South Sudan Health Programme
Lobur Nurseries
Todonyang Nurseries
6,060
37,682
60,034
20,000
4,276
3,000
9,777
5,000
50.785
6,900
27.609
940
7,864
94,098
145,829
INVESTMENT INCOME
31.12.24
31.12.23
Deposit account interest
3,810
3,081
RAISING FUNDS
Ralsing donations and legacles
31.12.24
31.12.23
Fundraising costs - events
414
492
CHARITABLE ACTIVITIES COSTS
Grant
funding of
octivilies
Isee note
61
Support
costs Isee
note 71
Totals
Grants Payable
Support costs
Governance Costs
319,403
319,403
34,745
6,558
34,745
6,558
319,403
41,303
360,706
Page18
continued...

NEW WAYS
A COMPANY LIM
TEDB
RANTEE
N te5 to the Financial Statements - continuod
for the Year End
ember 2024
GRANTS PAYABLE
31.12.24
31.12.23
Grants Fayable
319,403
404,505
The total grants paid to institutions during the year was as
follows..
31.12.24
31.12.23
Fishing Boat
Lobur Secondary School Sponsorship
Todonyang Nurseries
Efhiopia Nurseries
Turkana Earth Pan Dam
Nariokotome Health Project
Lobur Nurseries
Empowerrnent & Education
Nariokotome Nurseries
Furrows in the deserl
Todonyang Primary & Secondary School
Turkana Gid5 Education
Turkana Emergency Project
Malawi Solar Lamp5
Ethiopia Education
Turkana Bore Hol
Lobur Mobile Clinic
South Sudan Nursery
Lobur Primary School Sponsorship
Malawi Education
Nariokotome Primary School
South Sudan Nursery
Kenya Teriary Education
South Sudan Water Project
Turkana Women's Empowerment
South Sudan Health Progromme
Nariokotome Secondary School
Research Centre
3,470
3,800
18,300
29,998
51,600
20,900
10,700
500
42,960
5,000
2.834
3,177
5,000
3,570
2,134
44,450
6,000
3.000
3,000
9,966
24,575
3,300
13,100
25,283
43,735
36,000
15,500
7,614
47,765
7,500
1 ,3(K)
5,420
1,550
17,451
139,337
5,0(J)
3,300
22,600
3,500
5,500
2,000
11,000
4,000
1,500
2,469
3,000
250
319,403
404,505
Page 19
cor)linued...

NEW WAYS
A COMPANY LI
TE
Notes to the Financial Stalem8nts continued
for the Year Ende
31 December 2024
SUPPORT COSTS
Governance
costs
Management
Finance
Tota15
Support costs
Governance Costs
32.136
2,609
34,745
6,558
6,558
32,136
2,609
6,558
41,303
Support costs, included in the ak)ove, are as follows:
31.12.24
Total
activities
31.12.23
Total
activiti8S
Support
costs
Governance
Costs
Web Site maintenance
Consultancy Costs
Telephone
Postage and stationery
Administration
Travel Costs
Subscriptions
Bank charges
Foreign Coin/Loss
Auditors, remuneration
Accountancy
506
19,575
224
506
19,575
224
481
10,034
416
900
2,577
32
3,360
3,198
1,549
10,400
10,034
416
900
2,577
32
8,018
1,370
331
2,383
3,360
3,198
2,520
2,934
34.745
6,558
41,303
30,191
NEE INCOME/(EXPENDITURE)
Net income/lexpenditurel is stated after charging/lcreditingl:
31.12.24
31.12.23
Auditors, remuneration
3,360
2,520
Page 20
confinued...

N EW WAYS
Y LlhAITED BY GUARANTEE
PA
No*es to the Fi
Endad 3
December 2024
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor
for the year ended 31 December 2023.
Trvstees, expenses
Travelling expenses totalling £417 12023 - £1,370) covered the trustees,, one of which was the
Chef Executive, to cary out due diligence on the projects.
10.
STAFF COSTS
The average number of employees in Ihe year is 012022 - 01.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
Reslricled
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
95,361
361,656
457,017
Investment income
3,081
3,081
Tolal
98,442
361,656
460,098
EXPENDITURE ON
Raising funds
492
492
Charltable actlvllles
Grants Poyable
Support costs
Governance Costs
34,692
24,735
5,454
S69,813
404,505
24,737
5,454
Tolal
65,373
369,815
435,188
NET INCOMEI(EXPENDITURE)
33,069
18,1591
24,910
RECONCILIATION OF FUNDS
Total funds brought foword
115,076
171,301
286,377
TOTAL FUNDS CARRIED FORWARD
148,145
163,142
311,287
The above information relates to 2022.
Page 21
continued,..

NEW WAYS
A COMPANY LIMITED BY GUARANTEE
Notes to the Financial Statements- continued
for the Year Ended 31 December 2024
12. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
COST
Al l January 2Q24 and
31 December 2024
1,919
DEPRECIATION
At l January 2024 and
31 December 2024
1,919
NET BOOK VALUE
At 31 December 2024
At 31 December 2023
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
31.12,23
Income Tax Recoverable
Accrued Income
21,471
4,695
17,711
14,148
26,166
31,859
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24
31.12.23
Accrued expenses
8,924
7,691
Page 22
continued...

A COMPANY LIMITED BY GUARANTEE
otes
the Flnancial Slalements - continued
for th& Y&ar Ended 31 Dec&mb6r 2024
15. MOVEMENT IN FUNDS
Net
movement
In funds
At
31.12.24
At 1.1.24
unre￿rIcted funds
General fund
148,145
7,363
155,508
Reslrlcted lunds
Lobur Secor)dary School Sponsorship
Ethiopia Education
Nariokotome Health Project
Lobur Nurseries
Empowerment
Todonyang Nurseries
Noriokotome Nurseries
Furrows in the desert
Todonyc]ng Primary & Secondary
School
Turkana Girls Education
Molawi Solar Lamps
Lobur Mobile Clinic
Malawi Bore Hole
Management Centre Nyangatom
South Ethiopia
Turkano Borshol&
Ethiopia Nurseries
Lobur Primary School Sponsorship
Narioko*ome Primary School
Malawi Education
Kenya Tertiary Education
Girls Education Burkina Faso
Turkana Nurseries
Malawi Agricutlure
Albin5im Project in Malawi
South Sudan Health Programme
Nariokolome Secondary School
Research Centre
1,679
627
13,807
224
847
(81)
13,071
(3,428)
88
2,306
13,807
11,576
2,082
279
15,327
17.638
2,088
11,352
1,235
360
2,256
21,066
2,000
44
2,172
1,764
(1,664)
2,000
2,216
1.764
1,664
5,000
675
675
47,500
25,449
1,745
2,276
28,767
31
(3,461)
6,713
926
(S,449)
94
5,680
47,531
21,988
8,4S8
3,202
23,318
94
5,680
188
3,119
188
3,438
38
38
3.000
872
2,500
(319)
(38)
(38)
(2,962)
(872)
{2.500)
38
163,142
27,232
190,374
TOTAL FUNDS
311,287
34,595
345,882
Page 23
conlinued...

NEW WAYS
PANY LIMITED BY GUA
EE
Notes lo the Financial Statements - conlinu8d
15.
MOVEMENT IN FUNDS . contlnued
Net movement in funds, included in the above are as follows:
Incomlng
resources
Resources
8xpended
Movement
in funds
Unrestrlcled funds
General fund
85,841
{78,478)
7,363
Reslrlcted lunds
Lobur Secondary School Sponsorship
Ethiopia Education
Turkano Earth Pan D(Jm
Nariokotome Health Project
Lobur Nurseries
Empowerment
Todonyang Nurseries
Nariokolome Nurseries
Furrows in the desert
Todonyong Primary & Secondary
School
Turkana Girls Education
Malawi Solar Lamps
Lobur Mobile Clinic
Management Centre Nyangatom
South Ethiopia
Turkana Borehole
Ethiopia Nurseries
Lobur Primary School Sponsorship
Nariokotome Primary School
Malawi Education
Fishing Boats
Kenya Tertiary Education
Turkana Nurseries
Malawi Agricutlure
Albinsim Project in Malowi
Soulh Sudan Health Prograrrme
Turkana Women's Empowerment
Nariokotome Secondary School
Research Centre
4,432
15,941
50.785
21,128
2.200
419
31,371
39,532
4,088
(3,805)
(2,134)
(50.785)
(20,904)
(1.353)
(500)
(18,300)
{42,960)
(4,000)
627
13.807
224
847
(81)
13.071
(3,428)
88
3,900
4.941
961
7,000
(1,728)
(3,177)
(2,625)
(5,000)
2,172
1,764
(1.664)
2,000
31
40,989
36.711
3,926
19.127
2.107
3,470
11,180
95
(38)
(38)
1,038
4,000
609
(31)
31
(3.461)
6,713
926
(5,449)
94
(44,450)
(29,998)
(3,000)
(24,576)
(2,013)
{3.470)
{5,500)
(414)
5,680
(319)
(38)
(38)
(2,962)
(4,000}
(4,000)
(1,481)
(2,469)
(872)
(2,500)
309,874
(282.642)
27.232
TOTAL FUNDS
395,715
(361,120)
34,5?5
Page 24
continued...

NEW WAYS
A COMPANY LIMITED BY GUARANTEE
Notes to the Financial Stale
continued
for Ihe Year Ended 31 D8cember 2024
15.
MOVEMENT IN FUNDS - contlnued
Comporalives for movement In lund$
Net
movement
In funds
Al
31.12.23
All.1.23
Unre51ricled funds
General fund
115,076
33,069
148,145
Restrlcted funds
Lobur Secondary School Sponsorship
Ethiopio Education
Nariokotome Health Project
Lobur Nurseries
Empowerment
Todonyang Nurseries
Nariokotome Nurseries
Furrows in the desert
Todonyang Primary & Secondary
School
Turkana Girls Education
Malawi Solar Lamps
Lobur Mok)ile Clinic
Malawi Bore Hole
Management Centre Nyangatom
South Ethiopia
Turkana Borehole
Ethiopia Nurseries
Lobur Primary School Sponsorship
Nariokolome Primary School
Girls Education Burkir)a Faso
Turkana Nurseries
Malawi Agricutlure
Albinsim Project in Malawi
South Sudan Health Progromme
Nariokotom8 Secondary School
Research Centre
1,200
1,965
28,593
917
147
479
11,9651
117.2411
318
213
2,256
14,6471
1,679
11,352
1,235
360
2,256
21,066
2,000
25,713
2,000
13001
12,4201
44
2,420
527
5,000
1,664
5,OlX)
675
675
47,500
145,6961
642
907
7,382
47,500
25,449
1,745
2,276
28,767
188
3,438
38
38
3,000
872
2,500
71,145
1.103
1,369
21,385
188
4,209
38
38
3,000
17711
872
2,500
171,301
18,1591
163,142
TOTAL FUNDS
286,377
24,910
311,287
Pag6 25
conlinu&d...

WAYS
A COMPANY LIMITED BY GUARANTEE
e Financi
Inue
for th& Year Ended 31 December 2024
15.
MOVEMENT IN FUNDS . contlnued
Comparative net movemenl in funds, included in the above are as follows,,
Incoming
resources
Resources
expèndad
Movement
in funds
Unrestrlcted funds
General fund
98,442
165,3731
33,069
Restrlcted funds
Lobur Secondary School Sponsorship
Ethiopia Education
Turkana Earth Pan Dam
Nariokolome Health Project
Lobur Nurseries
Empowerment
Todonyang Nurseries
Nariokotome Nurserles
Furrows in the desert
Todonyang Primary & Secondary
School
Turkana Girls Education
Malawi Solar Lamps
Lobur Mobile Clinic
Malawi Bore Hole
Manogement Centre Nyangatom
South Ethiopia
Turkana Borehole
Elhiopia Nurseries
Lobur Primary School Sponsorship
Naiiokotome Primary School
Turkana Nurseries
South Sudan Health Programme
South Sudan Water Project
Nariokotome Secondary School
Research Centre
3,662
12,438
37,682
18,761
11,042
990
7,256
43,118
6,000
13,1831
114,4031
137,6821
136,0021
110,7241
17771
15,0001
147,7651
16,0001
479
11 ,9651
117,2411
318
213
2,256
14,6471
68
2,400
2,687
5,000
675
13681
14,8201
11 ,5501
15,0001
13001
12,4201
1,137
675
47,500
93,641
25,925
4,207
29,982
47,500
145,6961
642
907
7,382
17711
1139,3371
125,2831
13,3001
122,6001
17711
13,0001
12,OQOI
12501
3,000
2,000
1,122
2,500
872
2,500
361,656
1369,8151
18,1591
TOTAL FUNDS
460,098
1435,1881
24,910
Pag& 26
continued...

NE
A COIAPANY LIMITED BY G
NTEE
Notes to I
cial St t
for Ihe Year Ended 31 0
ents - continued
ber2
MOVEMENT IN FUNDS - contlnued
A currenl year 12 months ond prior year 12 months combined posilion is as follows..
Nel
movement
in funds
At
31.12.24
Al 1.1.23
Unrestrlcted funds
General fund
115,076
40,432
155,508
Restrlcted funds
Lobur Secondaw School Sponsorship
Ethiopia Education
Noriokotome Health Project
Lobur Nurseries
Empowerment
Todonyang Nurseries
Nariokotome Nurseries
Furrows in the desert
Todonyar7g Primary & Secondary
School
Turkana Girls Education
Malawi Solar Lamps
Lobur Mobile Clinic
Malawi Bore Hole
Management Centre Nyangatom
South Ethiopia
Tuikona Ptrorehole
Ethiopia Nurseries
Lobur Primary School Sponsorship
Nariokotome Primary School
Malawi Education
Kenya Terliary Education
Girls Education Burkina Faso
Turkana Nurseries
Malawi Agricutlure
Albinsim Project in Malawi
South Sudan Health Programme
1 ,2(X)
1,965
28,593
917
147
2,306
13,807
11,576
2,082
279
15,327
17,638
2,088
11,842
117,0171
1,165
132
15,327
18,0751
25,713
2,(X)O
344
2,420
527
5,000
1,872
16561
15271
2,OOD
675
2,216
1,764
7,000
675
47,531
149,1571
7,355
1,833
1,933
94
5,680
47,531
21,988
8,458
3,20
23,318
94
5,680
188
3,119
71.145
I,ios
1,369
21,385
188
4,209
38
38
3,OQl)
11,0901
1381
1381
12,9621
38
171,301
19,073
190,374
TOTAL FUNDS
286,377
59,505
345,882
Page 27
conlinved...

NEW WAYS
ANY LIMITED BY GUARANTEE
Noles to the F.
for th
ents-c
ntinued
End&d 31 December 2024
15.
MOVEMENT IN FUNDS - conlinued
A current year 12 months and prior year 12 months combined net movement in funds, included
in the above are os follows..
Incomlng
resources
Resourcos
expended
Movemgnt
in funds
Unrestrlcted funds
General fund
184,283
1143,8511
40,432
Restriclèd funds
Lobur Secondary School Sponsorship
Ethiopia Educalion
Turkana Earth Pan Dam
Nariokotome Health Project
Lobur Nurseries
Empowerment
Todonyong Nurseries
Nariokotome Nurseries
Furrows in the desert
Todonyang Primary & Secondary
School
Turkana Girls Education
Malawi Solar Lamps
Lobur Mobile Clinic
Malawi Bore Hole
Management Centre Nyangatom
South Ethiopia
Turkana Borehole
Ethiopia Nurseries
Lobur Primary School Sponsorship
Nariokolome Primary School
Malawi Education
Fishing Boats
Kenya Tertiary Educofion
Turkana Nurseries
Malawi Agricutlure
Albinsim Project in Malawi
South Sudon Health Programme
South Sudan Water Project
Turkana Women's Empowermenl
Nariokotome Secondary School
Research Centre
8,094
28,379
88,467
39.889
13,242
1.409
38,627
82.650
10,088
16,9881
116,5371
188,4671
156,9061
112,0771
11 ,2771
123,3001
1?0,7251
I i 0,0001
1,106
11,842
117,0171
1,165
132
15,327
18,0751
88
3,968
7.341
3,648
12,000
675
12,0961
17,9971
14,1751
I i 0,0001
1 ,872
16561
15271
2,000
675
47,531
134,630
62,636
8,133
49,109
2,107
3,470
11,180
95
1381
1381
4,038
2,000
4,000
1,731
2,469
47,531
149,1571
7,355
1,833
1,933
94
1183,7871
155,2811
16,3001
147,1761
12,0131
13,4701
15,5001
11,1851
5,680
11,0901
1381
1381
12,9621
17,0001
12,0001
14,0001
11,7311
12,46?)
671,530
1652,4571
19,073
TOTAL FUNDS
855,813
1796,3081
5?,505
Page 28
conlinued...

NEW WAYS
MPANY LIMITED
GUARANTEE
Notes lo the Financial Statements - conti
the Yeor Ended
l December 2024
16.
RELATED PARTY DISCLOSURES
There were no related party transactions for thg year ended 31 December 2024.
Page 29

OMPANY LIMITED BY GUARANTEE
elo
lement of Financ
Activ
e Yaar Ended 31 December 2024
31.12.24
31.12.23
INCOME AND ENDOWMENTS
Doncrtlons and legacles
Donations
Gift aid
Grants
Subscriptions
Sponsored Event Income
259,467
38,235
94.098
10
95
271,761
39,367
145,829
10
50
391,905
457,017
Investment Income
Deposit account interest
3,810
3,081
Tolal Incomlng resources
395,715
460,098
EXPENDITURE
Raising donallons and legacles
Fundraising costs - events
414
492
Charmable uctlvllles
Grants to institutions
319.403
404,505
Support cosls
Management
Web Site maintenance
Consultancy Costs
Telephone
Postage and stationery
Adminislralion
Travel Cosls
Subscriptions
506
19.575
224
481
10,034
416
900
1,549
10,400
341
344
8,018
1,370
331
32.136
22,353
Finance
Bank charges
Foreign Gain/Loss
2.577
32
2,383
2,609
2,384
Governance cosls
Auditor5, remuneration
Carried forward
3,360
3.360
2,520
2,520
This poge does not form parl of the statutory financial statements
Page 30

A COMPANY LIMITED BY GUARANTEE
Delalled Statement of Fin
nc
al
for th8 Y&ar Ended 31 Decambar 2024
31.12,24
31,12.23
Governance costs
Brought foward
Accountancy
3,360
3,198
2,520
2,934
6,558
5,454
Total resources expended
361,120
435,188
Net Income
34,595
24,910
This page does not form part of the statutory financial slalements
Page 31