Docusign Envelope ID: 8F15D061-B3A3-4340-8004-62CA7CA38000
REGISTERED COMPANY NUMBER: 02943269 (England and Wales) REGISTERED CHARITY NUMBER: 1040198
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
FOR
THE WAY INTERNATIONAL (UK) LTD
Rothmans LLP Chartered Accountants Chilworth Point 1 Chilworth Road Southampton Hampshire SO16 7JQ
Docusign Envelope ID: 8F15D061-B3A3-4340-8004-62CA7CA38000
THE WAY INTERNATIONAL (UK) LTD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 12 |
Docusign Envelope ID: 8F15D061-B3A3-4340-8004-62CA7CA38000
THE WAY INTERNATIONAL (UK) LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025
The trustees 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 30 June 2025. The trustees have adopted the provisions of 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
Objectives and aims
The Charitable company was incorporated on 28 June 1994 with the objectives to advance the Christian religion and, in particular to undertake Biblical research, teaching and fellowship ministry. The Charitable company makes significant use of volunteers in the course of undertaking its charitable and income generating activities.
During each financial period, the charitable company implements a yearly "Word Over the World" plan which directs specific yearly activities. During the 2024-2025 year, their plan included three major areas: Growing in God's Word, Moving God's Word, and Training Leadership. The plan includes studying monthly themes which correspond to the yearly study theme (Live Fearlessly!); supporting qualified individuals for the Advanced Class; and running Foundational, Intermediate, and other Advanced Studies classes in each branch to strengthen their disciples.
The members confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the guidance on public benefit published by the Charity Commission.
Public benefit
The trustees confirm that they have referred to the Charity Commission's guidance on public benefit, and specifically the additional guidance for Charities for the advancement of religion, in deciding what activities the Charity should undertake, in line with its aims and objectives.
The Way International (UK) Limited promotes public benefit through promotion of the Christian religion and, in particular undertaking biblical research and teaching.
ACHIEVEMENTS AND PERFORMANCE
Major achievements and developments included training and leadership development of current and aspiring fellowship coordinators as we anticipate the growth of the work of the ministry in the UK. Volunteers participated in a Worldwide Conference for Home Fellowship Coordinators in April 2025. The UK participants gathered in Loughton, Essex for the three day conference and linked with other worldwide participants via video. The Conference included lectures and practical workshops to introduce and develop skills including, "What is The Way?"; "What is a Home Fellowship?"; Song Leading; and teaching and speaking workshops.
Regular Biblical research and teaching fellowships were conducted across the UK where participants studied "Live Fearlessly!" with a focus on Joshua 1:9.
The charity saw one individual who graduated from the Advanced Class in June 2025. In the period from July 2024 to June 2025, Biblical classes continued throughout the United Kingdom: including the first foundational class ran in Leeds in July 2024. Miss Victoria Bianchi travelled to Leeds to support this class and train new, qualified class coordinators.
A Countrywide Meeting was held in October 2024 in Stratford, London with participants from England, Wales, Scotland and the Republic of Ireland. The meeting was focused on the yearly theme "Live Fearlessly!" and celebrated the anniversary of The Way International and the start of a new ministry year.
Young Adults were organised to meet bimonthly for fellowship and teachings directed toward their season of life.
As full-time employee and Country Coordinator, Miss Victoria Bianchi travelled throughout England, and to Scotland and the Republic of Ireland to support classes, visit fellowships, promote the Christian religion and train leadership. The visits were profitable to identify areas for future growth and to support the local leadership with teachings and training on a variety of topics.
FINANCIAL REVIEW
Financial position
During the year the Charity raised income totalling £81,817 (2024: £93,383) and had Charitable expenditure totalling £98,851 (2024: £102,433). The unrestricted funds incurred a deficit of £17,034 (2024: £9,050 deficit).
Reserves policy
At the year end, unrestricted funds amounted to a surplus of £366,893 (2024: £383,927).
The long term policy of the Charity is to accumulate reserves to a sustainable level, sufficient to cover the charity's annual expenditure on meeting its objects. this position will be reviewed regularly, in light of the charity's circumstances and the level of its income security.
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Docusign Envelope ID: 8F15D061-B3A3-4340-8004-62CA7CA38000
THE WAY INTERNATIONAL (UK) LTD
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025
FINANCIAL REVIEW
Going concern
The trustees have assessed the charity's ability to continue as a going concern and conclude that there are no material uncertainties that cast significant doubt on the charity's ability to continue in operation for the foreseeable future.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The Way International (UK) Limited is a company limited by shares and is governed by its Memorandum and Articles of Association dated 28 June 1994. It is registered as a charity with the Charity Commission.
The Board of Trustees oversees the running of the charitable company and meets regularly to manage its affairs.The Board of Trustees has adopted a policy of risk management, covering both commercial and financial aspects of the charitable company. This policy will be reviewed and updated when appropriate, by the Board of Trustees.The Trustees have delegated the responsibility of the day to day management of the charity to Miss V D Bianchi.
The Holding company of The Way International (UK) Limited is The Way International, a charitable company formed in the USA. The Way International (UK) Limited promotes the charitable activities of the group in the UK.
Recruitment and appointment of new trustees
Potential new trustees are selected from those known to have the appropriate experience and qualifications. New trustees are provided with a copy of the Memorandum of Association and are fully informed of their legal obligations under charity and company law. Trustees are encouraged to attend appropriate external courses to enable them to carry out their role.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
02943269 (England and Wales)
Registered Charity number 1040198
Registered office
First Floor Chilworth Point 1 Chilworth Road Southampton Hampshire SO16 7JQ
Trustees Mr M Masampu Reverend V W Edwards Reverend S P Crommett Ms M A Lombardi (resigned 12.12.25) Reverend B R Makharita (appointed 12.12.25)
Company Secretary Miss V Bianchi
Independent Examiner Lisa Wilson FCA Rothmans LLP Chartered Accountants Chilworth Point 1 Chilworth Road Southampton Hampshire SO16 7JQ 27/03/2026 Approved by order of the board of trustees on ............................................. and signed on its behalf by: [ ........................................................................ BastSigned34FC442AEB814A2. Maklarita by: Reverend B R Makharita - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WAY INTERNATIONAL (UK) LTD
Independent examiner's report to the trustees of The Way International (UK) Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
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:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts 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 accounts 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 accounts to be reached.
Lisa Wilson FCA
Rothmans LLP Chartered Accountants Chilworth Point 1 Chilworth Road Southampton Hampshire SO16 7JQ Date: ............................................. !"#$%&'"()(*
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THE WAY INTERNATIONAL (UK) LTD
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025
| 2025 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 75,211 Other trading activities 4 1,483 Investment income 5 5,123 Total 81,817 EXPENDITURE ON Raising funds 6 2,476 Charitable activities 7 Conferences and meetings 6,344 Travel & subsistence 5,273 Bank charges - Foreign exchange differences 1,910 Accountancy 2,805 Independent examination 1,664 Office and professional costs 9,135 Relocation fees 1,670 Legal fees 8,273 Staff costs 58,791 Penalties & Interest - Depreciation 510 Total 98,851 NET INCOME/(EXPENDITURE) (17,034) RECONCILIATION OF FUNDS Total funds brought forward 383,927 TOTAL FUNDS CARRIED FORWARD 366,893 |
2024 Total funds £ 81,084 7,947 4,352 93,383 2,048 3,147 6,731 35 4,471 7,072 1,664 12,154 - 5,131 58,790 750 440 102,433 (9,050) 392,977 383,927 |
|---|---|
The notes form part of these financial statements
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Docusign Envelope ID: 8F15D061-B3A3-4340-8004-62CA7CA38000
THE WAY INTERNATIONAL (UK) LTD (REGISTERED NUMBER: 02943269)
BALANCE SHEET 30 JUNE 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 13 | 1,290 | 1,801 |
| CURRENT ASSETS | |||
| Stocks | 14 | 10,524 | 12,185 |
| Debtors | 15 | 5,577 | 2,112 |
| Cash at bank | 362,534 | 378,243 | |
| CREDITORS | 378,635 | 392,540 | |
| Amounts falling due within one year | Amounts falling due within one year 16 |
(13,032) | (10,414) |
| NET CURRENT ASSETS | 365,603 | 382,126 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | TOTAL ASSETS LESS CURRENT LIABILITIES | 366,893 | 383,927 |
| NET ASSETS | 366,893 | 383,927 | |
| FUNDS | 17 | ||
| Unrestricted funds | 366,893 | 383,927 | |
| TOTAL FUNDS | 366,893 | 383,927 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
27/03/2026 The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: [ ............................................. BeslSigned34FC442AEB814A2... Mallrarita by:
............................................. Reverend B R Makharita - Trustee
The notes form part of these financial statements
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THE WAY INTERNATIONAL (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. STATUTORY INFORMATION
The Way International (UK) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02943269, the registered charity number is 1040198 and its registered office address is 1st Floor, Chilworth Point, 1 Chilworth Road, Southampton, SO16 7JQ.
2. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The functional and presentation currency is £ sterling.
INCOMING RESOURCES
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as 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 settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
CHARITABLE ACTIVITIES
Direct charitable expenditure comprises services supplied and activities undertaken which are identifiable as wholly or mainly in support of the Charity's objectives to advance the Christian religion and, in particular to undertake Biblical research, teaching and fellowship ministry. These costs represent the Charity’s sole charitable activity to advance the Christian religion.
GOVERNANCE COSTS
Governance costs comprise the costs which are directly attributable to the management of the Charity's assets, organisational procedures and the necessary legal procedures for compliance with statutory requirements.
ALLOCATION AND APPORTIONMENT OF COSTS
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs are allocated the one charitable activity.
TANGIBLE FIXED ASSETS
All fixed assets are initially recognised at cost and subsequently carried at cost less accumulated depreciation.
The cost of fixed assets initially recognised includes its purchase price and any cost that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in a manner intended by management.
Depreciation is provided at rates calculated to write off the costs less residual value of each asset over its expected useful life, as follows:
Computer Equipment - 20% straight line
The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.
Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the income statement.
STOCKS
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.
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THE WAY INTERNATIONAL (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
2. ACCOUNTING POLICIES - continued
STOCKS
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the income statement.
TAXATION
The Way International (UK) Ltd is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable trust for UK income tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Part 10 Income Tax Act 2007 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. The Charity’s activities are exempt from VAT and accordingly irrecoverable VAT is charged to the Statement of Financial Activities when incurred and included within the expenditure category to which it relates or capitalised under tangible fixed assets if relating to capital expenditure.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.
There have been no judgements and estimates which have had the significant effect on amounts recognised in the financial statements during the year
3. DONATIONS AND LEGACIES
4.
5.
| Voluntary income OTHER TRADING ACTIVITIES Classes/Bookstore income INVESTMENT INCOME Deposit account interest |
2025 £ 75,211 2025 £ 1,483 2025 £ 5,123 |
2024 £ 81,084 2024 £ 7,947 2024 £ 4,352 |
|---|---|---|
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THE WAY INTERNATIONAL (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
6. RAISING FUNDS
RAISING DONATIONS AND LEGACIES
| RAISING DONATIONS AND LEGACIES | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Bookstore and educational material | 815 | 5,357 |
| OTHER TRADING ACTIVITIES Opening stock Closing stock |
2025 £ 12,185 (10,524) |
2024 £ 8,876 (12,185) |
| 1,661 | (3,309) | |
| Aggregate amounts | 2,476 | 2,048 |
7. CHARITABLE ACTIVITIES COSTS
| Conferences and meetings Travel & subsistence Foreign exchange differences Accountancy Independent examination Office and professional costs Relocation fees Legal fees Staff costs Depreciation |
Support Direct costs (see Costs note 8) £ £ 6,344 - 5,273 - - 1,910 - 2,805 - 1,664 9,135 - - 1,670 - 8,273 58,791 - - 510 79,543 16,832 |
Totals £ 6,344 5,273 1,910 2,805 1,664 9,135 1,670 8,273 58,791 510 96,375 |
|---|---|---|
These costs represent the Charity’s sole charitable activity to advance the Christian religion.
8. SUPPORT COSTS
| Management £ Foreign exchange differences - Accountancy - Independent examination - Relocation fees 1,670 Legal fees 8,239 Depreciation - 9,909 |
Governance Finance costs £ £ 1,910 - - 2,805 - 1,664 - - 34 - 510 - 2,454 4,469 |
Totals £ 1,910 2,805 1,664 1,670 8,273 510 16,832 |
|---|---|---|
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 511 | 427 |
| Independent examination fee | 1,664 | 1,664 |
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.
11. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Administrative staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Conferences and meetings Travel & subsistence Bank charges Foreign exchange differences Accountancy Independent examination Office and professional costs Legal fees Staff costs Penalties & Interest Depreciation |
2025 2024 £ £ 54,450 40,848 1,259 14,508 3,082 3,434 58,791 58,790 2025 2024 1 1 Unrestricted fund £ 81,084 7,947 4,352 93,383 2,048 3,147 6,731 35 4,471 7,072 1,664 12,154 5,131 58,790 750 440 |
|---|---|
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 13. TANGIBLE FIXED ASSETS COST At 1 July 2024 and 30 June 2025 DEPRECIATION At 1 July 2024 Charge for year At 30 June 2025 NET BOOK VALUE At 30 June 2025 At 30 June 2024 14. STOCKS Stocks 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments |
Unrestricted fund £ 102,433 (9,050) 392,977 383,927 Computer equipment £ 2,552 751 511 1,262 1,290 1,801 2025 2024 £ £ 10,524 12,185 2025 2024 £ £ 8 442 - 1,670 5,569 - 5,577 2,112 |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Social security and other taxes Pension contribution Other creditors Accruals and deferred income |
2025 £ 360 3,077 286 500 8,809 13,032 |
2024 £ - 4,524 286 1,265 4,339 10,414 |
|---|---|---|
At the balance sheet date unpaid pension contribution amounts to £286.19
17. MOVEMENT IN FUNDS
| At 1.7.24 £ Unrestricted funds General fund 383,927 TOTAL FUNDS 383,927 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 81,817 TOTAL FUNDS 81,817 Comparatives for movement in funds At 1.7.23 £ Unrestricted funds General fund 392,977 TOTAL FUNDS 392,977 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 93,383 TOTAL FUNDS 93,383 |
Net movement At in funds 30.6.25 £ £ (17,034) 366,893 (17,034) 366,893 Resources Movement expended in funds £ £ (98,851) (17,034) (98,851) (17,034) Net movement At in funds 30.6.24 £ £ (9,050) 383,927 (9,050) 383,927 Resources Movement expended in funds £ £ (102,433) (9,050) (102,433) (9,050) |
|---|---|
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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025
18. RELATED PARTY DISCLOSURES
At the beginning of the year the balance owed to The Way International, a Charity formed in the USA, which is the Charity sole shareholder, was £1,265. During the year £11,650 was paid to The Way International and after withdrawing £10,885 an amount of £500 was owed to The Way International and is included within 'creditors, amounts falling due within one year'.
19. ULTIMATE CONTROLLING PARTY
The ultimate controlling party is The Way International, a Charity formed in the USA, which is the Charity's sole shareholder.
20. CALLED UP SHARE CAPITAL
Allotted, issued and fully paid:
| Class Ordinary |
Number 1,000 |
Nominal Value £1 |
2025 1,000 |
2024 1,000 |
|---|---|---|---|---|
This amount is included within the general fund balance.
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