Tools for Life
WORKAID. ..,..,,,.,.,.
The Queen's Award
Financial Statements
Year ended 5th April 2024
Charity Number
1041574
Company Number 02576450

WORKAID
(A company limited by guarantee)
Reference and administrative details
Charity number
Company number
Registered Office
1041574
02576450
The Old Boot Factory, 71 Townsend Road, Chesham, Bucks. HP5 2AA
Bankers
HSBC Bank plc, 1 Centenary Square. Birmingham. B1 1 HQ
Solicitors..
Blaser Mills, Chalfont Court, 5 Hill Avenue, Amersham, Bucks. HP6 5BD
Independent Examiner.. Susan Drummond FCCA, Rouse Partners LLP, 55 Station Road, Beacons-
field, Bucks. HP9 1 QL
Patrons
Sir William Castell LVO Fmedsci
Lady Johnson
Mr Gary Grant
Mrs Sylvia Parrott MBE
Directors and trustees
The directors of the charitable company (the charity) are its trustees for the purposes of charity law
and throughout this report are collectively referred to as the trustees.
Trustees and key management
The trustees who served during the year were as follows"
R P Q Canham (Chairman)
P C J Chidgey
M D Critchley
A Haines
R J Levine
D S Moores
L M Walker (Resigned 41h July 2023)
K G Wilcock
Chief Executive Officer: A S Hatch

WORKAID
{A company limited by guarantee)
Chairman's Report
The theme of recent reports has been of steady progress despite a challenging environment - last
year we said we were back on our feet and in 2023124 we have walked forward. The organisation
ended the year with stronger partnerships in Africa, more volunteers, an improved site, and a better-
trained volunteer and employee base. Ourfinancial outcome was a little worse than expected though
this was in large part because of expected trust and legacy income arriving later than expected. after
the end of the financial year. Despite that we were able to adhere to our reserves policy which meant
that we retained the ability to plan, cautiously, for the future.
In Africa we continued to focus on strengthening our partnerships with other organisations- this both
makes us more resilient, and ensures that we are better able to assess the requests we receive for
support, and monitor and evaluate the effectiveness of the support we provide to our beneficiaries.
These systems are increasingly required by donors I funders who look for a more commercial ap-
proach to assess where to place their funds.
In Uganda we funded the recruitment of a Monitoring & Evaluation Assessor with Amigos, and we
are looking to fund the same role with Vwila in Zambia who will help us to further develop our schools
programme in Mumbwa district. In 2023124 a further four schools were brought into that programme
with new fully-fitted workshops supplied by us, primarily funded by the Big Give campaign. In Tan-
zania we started to explore the possibility of working with another UK charity with operations there
and hope to be able to report further on that next year.
Volunteer numbers in the UK continue to tick upwards, though cost of living issues and an increased
level of grandparenting duties continues to limit the growth. This increase in numbers is in part a
function of the work done to continue to raise our profile locally - the website has been relaunched
and our new Communications Officer has enhan￿d our social media presence.
The volunteers enjoyed an improved working location, with a new security gate, improved fencing
and a resurfaced driveway. We also invested in training for the whole team with the development of
an online portal with general training in health and safety and safeguarding, and specific training
relevant to each area of the workshop. Not only has this improved the quality of the work we do but
it also increased organisational resilience through more effective management of our risks.
Our financial health remains sound. Our current year deficit of £130,773 left us with reserves of
£720,572 of which £168,159 are operational and general. A legacy and delayed receipt of trust in-
come of which we had already been advised meant that this deficit was £20,000 more than antici-
pated and will not impact on the 2024125 results. We were also advised in 2023 that we had been
selected as the charity for the Radio 4 appeal, to be made in 2024. This. the continued success of
the shop and the improved trajectory for eBay earnings. means that we have some confidence look-
ing forward and in particular the consistent excellence of the income generated by the shop means
that the majority of our fixed costs are paid for by relatively predictable income. We continue to seek
support from an increasing number of trusts and this diversity of income sources gives confidence
to plan, though as ever careful to avoid complacency.
In summary, the positive highlights of 2023-24 were as foll0v￿.
An overseas visit to Uganda by Adrian Hatch. This was the first opportunity to meet Benjamin
Mwine, the new Project Officer working for Amigos Uganda but paid for by Workaid. Adrian
travelled with Benjamin to Gulu District in Northern Uganda to gain case studies of
beneficiaries, to look at potential projects to support and to review Workaid Project and Field
Assessment forms. Unfortunately, Adrian contracted COVID just as he was to visit Tanzania
so this trip had to be postponed.

WORKAID
IA company limited by guarantee)
A programme to retrieve broken sewing machines formerly provided by Workaid in the
Western region of Uganda was developed. These machines are to be refurbished at Albert
Valley Institute of Vocational Studies, Karugutu.
A total of 117 groups of young people in Uganda were supported upon graduation with tools
to establish small scale businesses.
50 graduates of Kira farm received sewing machines. carpentry and masonry tool kits in
order to establish small scale businesses.
We continued to develop the Zambia Secondary schools vocational training programme. A
further four schools were brought into the programme, workshops were constructed at each
school and tools and equipment provided.
Implemented the online training platfomi for Workaid staff to include. Fire Safely,
Safeguarding and GDPR compliance.
Continued work to improve the Workaid Chesham site. This included further tarmacking of
the road surfaces, replacement and refurbishment of perimeter fencing and upgrading of the
main gate to a Mag Lock mechanism.
Current volunteers Oliver Heal and Pat Brocklebank and former volunteers, Frank Venables and
Mike Jones died during the year and our thoughts are with their family and friends. Frank Venables
was one of the early volunteers who joined Workaid, soon after Workaid had started in 1986. He
worked very hard for Workaid in the workshop and also became a dedicated trustee. He later be-
came the leader of the packing of the refurbished tools.
Plans for the year ahead
Adrian will visit Tanzania in April and Zambia in September. The Tanzania trip will have two
purposes..
To explore a potential partnership between Tools for Self-Re11an￿ - Cymru,
Kalwande Church Service and Training Centre (KCSTC) and Workaid. Kalwande is
in the Lake Zone Region and about 20 miles from Mwanza on Lake Victoria.
To visit projects formally supported by Workaid in the Southern Highlands with a
view to identify 12-15 projects for future support and development. This will include
supporting graduates of these projects to form small groups and to establish their
own businesses.
Implement the sewing machine refurbishment programme. These refurbished machines will
be loaned to graduates of supported training programmes to help them establish their
businesses and will then be returned to Albert Valley to be serviced and loaned out again.
Develop the infrastructural capacity of Albert Valley to become a regional centre of
vocational training excellence and sewing machine refurbishment hub.
Recruit a Projects Officer for Vwila Foundation
Bring a minimum of four new secondary schools onto the Zambia Secondary schools
vocational training programme.
Continue to develop and implement the on-line training platform for volunteers.

WORKAID
IA company limited by guarantee)
Further site development will take place. This will include the demolition of the paint store
and the construction of an outside seating area. painting of exterior window frames and the
next phase of tarmacking.
Further explore ways in which we can expand the number of clients and days that the HUB
operates. The HUB is our dedicated workshop where people with mild to moderate support
needs learn valuable life lessons and skills.
Seek to develop a small programme of opportunities for short term interns within the
organisation.
Summary
We will continue to improve the quality of what we do in Africa, and to professionalise the way we
work in the UK. Emphasis has and will continue to be to develop partnerships with likeminded or-
ganisations in order to increase our reach and maximise our impact. I would like to finish by thanking
our staff, volunteers, partners, supporters and donors for all that they do to help Workaid to help our
beneficiaries.
R Canham
Chairman
22 July 2024

WORKAID
(A company limited by guarantee)
Report of the directors and trustees for the year ended 5th April 2024
The Trustees are pleased to present their annual report and financial statements for the charity for
the year ended 5th April 2024 which are also prepared to meet the requirements for a directors, report
and financial statements for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memo-
randum and Articles of Association and Statement of Recommended Practice.. Accounting and Re-
porting by Charities.
Workaid's Vision, Mission and Values
Our Vision
A world in which all young people are able to achieve full and productive employment.
Our Mission
To enable young people in Africa to build sustainable livelihoods.
Our Values
We believe in:
empowering young people to help themselves
the re-use and recycling of the world's resources
the benefits of volunteering
non-discrimination, respect and equality of opportunity for all
the importance of being accountable
understanding and improving the impact of our work
actively participating in the local community.
Our Strategic Aims..
1. Our Partnerships in Africa and the work we support there
We will support work in Africa that is aligned to the UN'S Sustainable Development
Goals to eradicate poverty and create decent work and economic growth
We will work in partnership with organisations by listening, asking and not telling
We will support institutions and organisations that develop the knowledge and skills
young people need to access gainful employment or to establish their own business
We will focus this support through vocational training institutions, correctional facilities
and local organisations that provide good quality vocational training for young people
We aim to enable these organisations to supply tools to their graduates so that they can
gain employment or establish business as a group
We will build the capacity of our partner organisations who represent Workaid to more
effectively assess, monitor and evaluate projects
We will build the capacity of our partner organisations to provide business and
entrepreneurial skills training to both institutions and the young people they train
We will build the capacity of our partner organisations to improve the sharing of
information and learning between the institutions and young people they support.
2. Our Commitment to Volunteering in the UK
We are committed to providing a safe, professional, enjoyable and fulfilling working
environment for our volunteers
We will continue to provide opportunities for volunteers to refurbish unwanted tools and
equipment that are donated to us in the UK. In response to requests for support, these
items will then be sent to organisations. schools and community groups in the UK and
Africa, though predominately in Africa.

Tools for Life
WORKAID.
ThoQueèn'5AwArd
fovVoluThtarySei¥lte
The Old Boot Factory, 71 Townsend Road, Chesham, Buckinghamshire, HP5 2AA
Rouse Partners LLP
55 Station Road
Beaconsfield
Bucks
HP9 1QL
Dear Sirs
The following representations are made on the basis of enquiries of management and staff with relevant
knowledge and experience such as we consider necessary in connection with your independent examination
of the charitable company's financial statements for the year ended 5 April 2024. These enquiries have
included inspection of supporting documentation where appropriate. All representations are made to the best
of our knowledge and belief.
General
We have fulfilled our responsibilities as directorsltrustees as set out in the terms of your engagement
letter, under the Companies Act 2006 and Charities Act 2011 for preparing financial statements in
accordance wilh FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" I'FRS 102"), "Accounting and Reporting by Charities. the Statement of Recommended Practice
for charities applying FRS 102, for being satisfied that they give a true and fair view and for making
accurate representations to you.
All the transactions undertaken by the charitable company have been properly reflected and recorded
in the accounting records.
All the accounting records have been made available to you for the purpose of your independent
examination. We have provided you with unrestricted access to all appropriate persons within the
charitable company, and with all other records and related information requested, including minutes of
all management and trustee meetings and correspondence with The Charity Commission.
The accounts are free of material misstatements. including omissions.
Internal control and fraud
We acknowledge our responsibility for the design, implementation and maintenance of internal control
systems to prevent and detect fraud and error. We have disclosed to you the results of our risk
assessment that the financial statements may be misstated as a result of fraud.
We have disclosed to you all InStan￿S of known or suspected fraud affecting the entity involving
management, employees who have a signifi'cant role in internal control or others that could have a
material effect on the financial statements.
We have also disclosed to you all information in relation to allegations of fraud or suspected fraud
affecting the entity's financial statements communicated by current or former employees, analysts,
regulators or others.
Assets and liabilities
All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or
disclosed as appropriate.
We have no plans or intentions that may materially alter the carrying value and where relevant the fair
value measurements or classification of assets and liabilities reflected in the financial statements
10 All repairs and maintenance work done in the year are repairs and or maintenance and have not
materially altered the value of the fixed assets.
01494 775220
workaid.org
admin@workaid.org
Charity Number: 1041574
Company Number: 2576450
VAT: 792 7512 01
Founder: Kenneth Nunn
Chairman: Richard Canham
Chlef Executive., Adrian Hatch
Patrons: Sir Willlam Castell . Lady Jean Johnson Gary Grant. Sylvia Parrott MBE
FR
FUN1)R￿A￿l￿]
REGLIL4YOR

(continued 2 of 3)
Legal claims
11 We have disclosed to you all claims in connection with litigation that have been, or are expected to be,
received and such matters, as appropriate, have been properly accounted for and disclosed in the
accounts.
Accounting estimates
12 Significant assumptions used by us in making accounting estimates, including those measured at fair
value, are reasonable.
Loans and arrangements
13 The charitable company has not granted any advances or credits to, or made guarantees on behalf of,
directors other than those disclosed in the financial statements.
Law and regulations
14 We have disclosed to you all known instances of non-compliance or suspected non-compliance with
laws and regulations whose effects should be considered when preparing the accounts.
Related parties
15 Related party relationships and transactions have been appropriately accounted for and disclosed in the
financial statements. We have disclosed to you all relevant information concerning such relationships
and transactions and are not aware of any other matters which require disclosure in order to comply with
legislative and accounting standards requirements.
16 During the year trustees received reimbursed expenses totalling £Nil (2023- £Nil).
Subsequent events
17 All events subsequent to the date of the accounts which require adjustment have been properly
accounted for.
Grants and donations
18 All grants, donations and other income, the re￿Ipt of which is subject to specific terms or conditions,
have been notified to you. There have been no breaches of terms or conditions in the application of such
income.
Restricted funds
19
Restricted funds of £Nil (2022- £15,000) at the balance sheet date are correctly allocated and presented
in the accounts.
20
Income of £31,512 (2023.. £68,500) and expenditure of £46.512 {2023'. £53,500) in the year to 5 April
2024 are correctly allocated and presented in the accounts.
Designated funds
21
Designated funds of £672,413 (2023= £696,044) at the balance sheet date are correctly allocated and
presented in the accounts.
22
Income of £Nil {2023'. £Nil) and expenditure of £Nil (2023- £19.131) in the year to 5 April 2024 are
correctly allocated and presented in the accounts.
23
A transfer of £23,631 (2023.. £80,000) from designated funds to unrestricted funds in the year to 5 April
2024 is correctly allocated and presented in the accounts.
In kind donations and costs
24
In kind donations of goods have been valued in the accounts at that of reflective market values.
01494 775220
workaid.org
admin@workaid.org
Charity Number: 1041574
Company Number: 2576450
VAT: 792 7512 01
Founder: Kenneth Nunn
Acting Chalrman: Richard Canham
Chief Executive: Adrian Hatch
Patrons: Sir William Castell . Lady Jean Johnson . Gary Grant . Sylvia Parrott MBE
FR
REGULATOR

(continued 3 of 31
Going concern
25
We believe that the charitable company's financial statements should be prepared on a going concern
basis on the grounds that current and future sources of funding or support will be more than adequate
for the charitable company's needs. We have considered a period of ￿e1ve months from the date of
approval of the financial statements. We believe that no further disclosures relating to the charitable
company's ability to continue as a going concern need to be made in the financial statements.
Yours faithfully
R Canham
Chairman
Signed on behalf of the Board of Trustees
Date
01494 775220
workaid.org
admin@workaid.org
Charity Number: 1041574
Company Number: 2576450
VAT.. 792 7512 01
Founder: Kenneth Nunn
Acting Chairman: Richard Canham
Chief Executive: Adrian Hatch
Patrons: Sir William Castell . Lady Jean Johnson . Gary Grant . Sylvia Parrott MBE
FR
REGULATOR

WORKAID
IA company limited by guarantee)
Report of the directors and trustees for the year ended 5th April 2024
We will provide charitable organisations local to Chesham with tools and equipment to
support activities that help the local community
When possible, we will assist groups with additional support needs either related to
mental health or learning to carry out worthwhile voluntary work at our site.
3. Our Commitment to Recycling
Where possible we will refurbish tools and equipment to be sent to Africa, or where
these items have a high value, or are unsuitable for vocational training centres, to be
sold in the Workaid shop or on-line
Items that have to be scrapped will be disposed of ethically and carefully sorted to
minimise the amount going to general landfill.
4. Our Work in the UK with Vulnerable Young People and Adults
Develop our capacity and expertise to provide a safe, supportive and friendly
environment for vulnerable young people and adults with special needs or those not in
education, employment or training to improve their confidence, self-worth and self-
esteem and where appropriate to enhance their employment potential.
Provide work experience and training through a paid six-month work placement to two
young people at a time, with the aim of developing their skills and confidence to gain full
time employment.
Our Purpose in Africa
The primary purpose of the organisation is to practically support initiatives in Africa that equip young
people with vocational skills and supports them to establish their own businesses. We do this by
collecting unwanted tools, sewing machines and other equipment. These are then Se￿ICed and, if
necessary, repaired by our team of volunteers at our Chesham workshop and shipped to eastern
and southern Africa.
We are starting to place greater emphasis on the training of young people in Africa to service and
repair the sewing machines that we send.
Our Social Obligations in the UK
At Workaid we take our social obligations seriously. As well as protecting the environment by recy-
cling unwanted tools, we also welcome disabled and vulnerable people who work on the regular
shifts under appropriate supervision. Additionally, we have a professionally supervised space in
which people with more serious disabilities are provided with supported work experien￿. Other vol-
unteers arrive as a consequence of accidents and unemployment. The discipline of contributing on
a regular basis is a great boost to self-esteem and we are delighted when this contributes to a suc-
cessful return to paid employment.
Public Benefit in the UK
Workaid contributes to the public good in two principal ways. Firstly, the charity makes good use of
things that would otherwise end up in landfill. Anything that cannot be shipped to Africa is either sold
to generate funds, passed to another charity or sorted and disposed of ethically. Secondly, Workaid
is a social organisation. People volunteer with Workaid because it provides an environment where
there is a constructive job to do in the company of like-minded people.

WORKAID
IA company limited by guarantee}
Report of the directors and trustees for the year ended 5th April 2024
Fundraising Activities
Our more predictable income sources continued to do well. The shop generated £204,000 for the
year and this from opening only three days a week. Online sales generated £30,000, led by an online
retail coordinator staff member. These are very similar to the previous year (£199,000 and £33,000
respectively) and we are budgeting a modest growth in online sales for the next financial year. This
predictable income is critical to our ability to plan for the future.
Trust income was £89,000 compared to £93,000 the previous year, thanks to the efforts of our ded-
icated fundraiser who was able to secure grants from a number of new Trusts and Foundations.
We are hopeful that as we develop new partnerships and projects we can further increase income
from these sources.
Achievements and performance
We are committed to understanding the impact of the work we support. We collect data that enables
us to make decisions to accurately target our resources to the organisations and initiatives that most
effectively get young people in Africa properly trained and into employment. With our partner organ-
isation in Zambia, Vwila Foundation. we have developed a Monitoring and Evaluation (M&E) frame-
work which clearly articulates Vwila's organisational objectives, how these will be achieved and how
they will be measured. A dedicated M&E Officer was recruited in Zambia and they have developed
a baseline survey and indicators to measure success.
M&E systems have also been developed wth our partners in Uganda and we hope to do the same
in Tanzania in the 2024-25 financial year. It will be a little time before we are confident about the
data that these new systems are yielding and the lessons we need to learn.
During the year Workaid considered new requests for support from groups and organisations in the
three countries where we have partners. We also supplied a small number of items to charities in
the UK (including Krizevac who then supply Malawi) but did not supply anything to Sierra Leone via
Home Leone (unlike previous years in which they received a container load) pending resolution of
concerns about reporting. In its Chesham workshop, Workaid refurbished and packed tools, ma-
chines and other equipment for 102 projects (compared to 118 last year).
The groups helped in these 102 projects fell into the following categories:
1. Women & other Self-Help Groups
2. Vocational Training & Youth Polytechnics
3. Community Projects (Urban & Rural)
4. Widows & Orphans Rehabilitation
5. Prisons
6. Church & Missionary Based Projects
7. Schools Training Projects
27
18
11
11
28
A total of 1,795 groups of items comprising refurbished tool kits, machines, and other equipment
were supplied. These items included 163 starter kits (114 last year) for a variety of trades, in line
with our decision to supply more of these. The other biggest groupings were sewing machines (432),
carpentry kits (234), masonry kits (91), metalwork kits (71), motor mechanics kits (23) and knitting
machines (65). We also sent various types of equipment for engineering, horticultural, plumbing,
leatherwork and electrical training, and many larger items of workshop equipment such as lathes,
workshop benches and welding machines.

WORKAID
IA company limited by guarantee)
Report of the directors and trustees for the year ended 5th April 2024
Note.. While we develop the way in which we support projects in Africa, reporting on the numbers of
projects will change as each of our partners have different reporting requirements. As such it is
difficult to make year on year comparisons.
Consignments for 102 projects were loaded in five 20ft sea containers, However, Amigos at Kira
Farm took delivery of sufficient tools to provide between 10-20 projects with starter kits and full kits
for projects. These to be distributed once projects are identified in the second quarter of 2024 when
a Workaid funded project assessor is in place.
1. 17 to Uganda
2. 51 to Zambia
3. 15 to Tanzania
4. 19toUK
The refurbished tools and equipment directly supported the training of over 5,000 young people, with
an estimated average of 60 people benefiting from training at each project. Since the charity's for-
mation in 1986 it is estimated that well over 150,000 people have benefited directly from the vital
tools and equipment provided by Workaid.
Financial Review
The total income for the financial year was £412,000 and reflected a decrease of 150/0 compared to
th
the year ended 5 April 2023. However, the previous financial year included unusually high legacy
income £66,000 which was not repeated this year. Excluding this legacy, comparable income was
2 % lower overall.
Overall expenditure reduced by £17,000, compared to the previous year.
Investment powers and policy
Following the appointment of Canaccord Genuity Wealth Management (CGWM) in 2022 to manage
our excess cash a sub-committee carefully monitors the investment policy of Workaid and manages
the relationship with the investment manager.
Cash and investments reserves
Cash and readily realisable investments decreased in the year by £103.000 to £179,000. This in-
cludes £136,000 which is invested with CGWM and is available within five days. This reduction re-
flects increased expenditure on charitable activities out of the legacies received in previous years. A
more cautious budget has been set for 2024125 with the intention of ensuring that available cash and
readily realisable investments remain at a safe level.
Structure, Governance and Management
Governing docun]ent
Workaid is a national charity started in 1986 by an ecumenical house group. The charity was incor-
porated as a company limited by guarantee on 24th January 1991 and is governed by its Memoran-
dum and Articles of Association. Subject to the approval of the directors anyone over the age of 18
can become a member of the company. each one of whom agrees to contribute £1 in the event of
the charity winding up in accordan￿ with Clause 7 contained in the charity's Memorandum and
Articles of Association.

WORKAID
(A company limited by Euarantee)
Report of the directors and trustees for the year ended 5th April 2024
Appointment and role of trustees
The Board may from time to time and at any time appoint any member of the company as a trustee,
either to fill a casual vacancy or by way of addition to the Board, provided that the prescribed maxi-
mum be not thereby exceeded. Any trustee so appointed shall hold office only until the next following
Annual General Meeting and shall then be eligible for re-election but shall not be considered in de-
termining the trustees who are to retire by rotation at such meetings.
New trustees are required to have a high level of commitment to Workaid and to be sympathetic to
its aims and objectives. The Board also seeks to ensure that collectively the trustees have a suitable
range of skills and experience so that they can help to constructively challenge and shape the strat-
egy proposed by management and ensure good governance. We also seek to ensure that the trustee
body is appropriately diverse so that a broad range of perspectives are brought to the discussions.
Induction of Trustees
New appointees are provided with information about their role and responsibilities under charity law
and also as company directors. From time to time, a formal course is organised to ensure that all
trustees are up to date with the current standards and regulations.
Organisation
As we emerged from the pandemic we returned towards the normal planned rotation of trustees,
although we needed also to retain continuity to help manage the exceptional challenges presented
by COVID-19. Recruitment of new trustees continues to be undertaken.
The Human Resources, Finance, Project & Planning, and Health & Safety Committees meet regu-
larly and report to the full trustee board every quarter to ensure that good governance is maintained
and potential risks and problems are managed and resolved in a timely manner.
Interim financial results are shared with the trustees in the form of management accounts including
a financial and cash flow forecast which is prepared with input from senior operational management.
Financial performance presentations form an integral part of quarterly trustee meetings. The trustee
board is also appraised of all expenditure above the agreed threshold that can be approved by any
one of the employees. including the CEO.
Related Parties
None of the trustees receives remuneration. However, trustees may visit Africa for appraisals and
negotiations with the partners for which their reasonable expenses are reimbursed.
Pay policy
Salaries are reviewed annually and adjusted for inflation and any change in responsibilities. An off-
cycle pay award was made this year to retain employees in a high inflation environment.
Management of Risk
The charity trustees follow a risk management strategy comprising..
a) As part of the regular trustee strategy meetings, principal risks and uncertainties that
the charity may face are discussed together with the effectiveness of associated
policies, systems and procedures that are in pla￿ to mitigate such risks.
b) Where such risks currently exist, these are identified and highlighted in the annual
review together with the procedures in pla￿ to minimise any potential impact on the
charity.
10

WORKAID
IA company limited by guarantee)
Report of the directors and trustees for the year ended 5thApril 2024
Specific areas of risk are as follows..
1. Financial sustainability - regular reviews of available liquid funds and working capital (both
for the immediate future and the year ahead) are undertaken to ensure that all current
liabilities have adequate cash coverage.
2. Building and third-party risks - these are reviewed and discussed both internally and with
our insurers to ensure adequate insurance coverage is always in place and required
remedial works are carried out in a timely manner and to the correct standard.
3. Health and safety of volunteers and visitors - this is constantly under review so that all
legislative requirements are met, and that accident risks are minimised.
4. IT risks - the security of the IT system is controlled and supervised by an experienced IT
executive.
Trustees, responsibilities in relation to the financial ststements
Company law requires the trustees to prepare financial statements for each year which give a true
and fair view of the state of affairs of the charitable company and of the incoming resources and
application of resources, including the income and expenditure, of the charitable company for that
period.
In preparing the financial statements. the trustees are required to:
select suitable accounting policies and then apply them consistently;
2. observe the methods and principles in the Charities SORP:
3. make judgements and estimates that are reasonable and prudent"
4. state whether applicable UK accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements;
5. prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial position of the charity and enable them to ensure that the financial
statements comply with the Companies Act 2006, taking advantage of the small companies, exemp-
tion in that Act. They are also responsible for safeguarding the assets of the charity and hence taking
reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are
responsible for the maintenance and integrity of the corporate and financial information included in
the charitable company's website. Legislation in the United Kingdom governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
Statement as to disclosure to our Independent Examiner
In so far as the trustees are aware at the time of approving the annual report..
1. there is no relevant information of which the charitable company's independent examiner is
unaware. and
2. the trustees have taken all steps that they ought to have taken to make themselves aware
of any relevant information, and to establish that the independent examiner is aware of that
information.
rder of the board of trustees
R Canham
Chairman
22 July 2024
11

WORKAID
IA company limited by guarantee)
Independent Examiner's Report to the Trustees of Workaid for the year ended 5th April 2024
I report to the trustees on my examination of the financial statements of the charitable company for
the year ended 5 April 2024 which are set out on pages 13 to 19.
Responsibilities and basis of report
As trustees of the charitable company (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 ('the 2006 Act,).
Having satisfied myself that the financial statements of the charitable 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 charitable company's financial statements 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
Since the charitable company's gross income exceeded £250,000 your examiner must be a member
of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the exami-
nation because l am a member of the ACCA. 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..
accounting records were not kept in respect of the charitable company as required by section
386 of the 2006 Act., or
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
2006 Act 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
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 accordan￿ 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 finan-
cial statements to be reached.
Use of my report
This report is made solely to the charity's trustees, as a body. in accordance with the Charities Act
2011. My work has been undertaken so that I might state to the charity's trustees those matters l am
required to state to them in an independent examiner's report and for no other purpose. To the fullest
extent permitted by law, I do not accept or assume responsibility to anyone other than the charity
and the charity's trustees as a body. for my Independent Examination, for this report, or for the
opinions I have formed.
Susan Drummond FCCA
Rouse Partners LLP
55 Station Road
Beaconsfield
Bucks
HP9 1QL
Date..
12

WORKAID
IA company limited by guarantee)
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the
year ended 5th April 2024
Unrestricted
Funds
Restricted
Funds
Total
Total
2023
2024
Note
Income
Donations and Legacies
Trading Activities
Value of Donated Goods
Investment Income
122.157
243,561
8.907
5,744
31,512
153,669
243,561
8,907
5,744
222.613
246,977
12,975
2,107
Total Income
380,369
31,512
411,881
484,672
Expenditure on
Raising Funds
Investment Management
costs
Charitable Activities
70,386
70,386
67,647
1,119
422,210
1,119
468.722
304
488,892
46,512
Total Expenditure
493,715
46,512
540,227
556,843
Net expenditure before
investment gainsl
(losses)
Realised (losses) on
disposal on investments
Unrealised gainsl(losses)
on investments
Net gainsl(losses) on
investments
Net movement for the
year
113,346
15,000
128,346
72,951
(708)
(708)
(1,719)
(1,719)
3,096
(2,427)
(2,427)
3,096
115,773
15,000
130,773
69,075
Reconciliation of Funds
Total funds brought
forward
836,345
15.000
851,345
920,420
Total Funds carried
forward
720,572
720,572
851,345
Information regarding how much of the figures relate to restricted funds is included in notes 2, 5, 6,
and 14.
The notes on pages 15-19 form part of these financial statements.
13

WORKAID
(A company limited by guarantee)
Balance Sheet at 5th April 2024
Note
2024
2023
Fixed Assets
Tangible assets
10
552,413
576,044
Total Fixed Assets
552,413
576,044
Current Assets
Debtors
11
9,649
136,145
43,036
7,530
174,006
108,133
Investments
12
Cash at bank and in hand
Total Current Assets
188,830
289,669
Liabilities
Creditors falling due within
one Year
13
20,671
14,368
Net Current Assets
168.159
720,572
275,301
851,345
Net Assets
Represented by
Restricted Funds
14
15,000
Unrestricted Funds
14
General
48,159
120,000
552,413
720,572
140,301
120,000
576,044
851,345
Operational
other designated
Total Funds
The trustees have prepared financial statements in accordance with section 398 of the Companies
Act 2006 and section 138 of the Charities Act 2011. These financial statements are prepared in
accordance with the special provisions of Part 15 of the Companies Act relating to small companies
and constitute the annual financial statements required by the Companies Act 2006 and are for
circulation to members of the company.
For the year ended 5¢h April 2024, the company was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies. Workaid's company number is
02576450.
Directors, responsibilities..
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. The directors acknowledge their responsibilities for
complying with the requirements of the Act with respect to accounting records and the preparation
of financial statements.
notes on pages 15-19 form part of these financial statements.
R Canham Chairman on behalf of the trustees
Approved by the trustees on 22 July 2024
14

WORKAID
(A company limited by guarantee)
Notes to the financial statements for the year ended 5th April 2024
Accounting Policies
Company information
Workaid is a private company limited by guarantee incorporated in England & Wales. The registered
office address can be found on page 2, Reference and administrative details.
Accounting Conventions
The financial statements have been prepared on a going concern basis under the historical cost
convention. The principal accounting policies adopted, judgements and key sources of estimation
uncertainty in the preparation of the financial statements are as follows:
Basis of preparation
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reporting by Charities: Statement of Recom-
mended Practice applicable to charities preparing their financial statements in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Char-
ities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1
January 2019. The financial statements are prepared in Sterling, which is the functional currency of
the charitable company. and rounded to the nearest £1.
Capitalisation policy, tangible fixed assets and depreciation
Purchases of assets in excess of £1.000 are considered for capitalisation by the Trustees. Tangible
fixed assets are stated at cost less depreciation. Depreciation commences at the date the asset is
acquired or ready for use. Depreciation is provided at rates calculated to write off the cost less
estimated residual value of each asset over its expected useful life, as follows:
Freehold Property the trustees have not depreciated the premises at The Old Boot
Factory
Fixtures, fittings & equipment. and motor vehicles
20% per annum, straight line.
Investment assets
Investments are classified as financial assets at fair value through the statement of financial activi-
ties. These are measured at market value as at the balance sheet date. Realised and unrealised
gains on investments are recognised in the statement of financial activities.
Expenditure
Expenditure is accounted for on the accruals basis, net of VAT where this is recoverable. Govern-
ance costs relate to the costs of the Independent Examiner plus specialist advice on human re-
sources and operational matters. These costs are included in full under expenditure on charitable
activities as the trustees do not consider it appropriate or practical to allocate any of these costs to
the costs of the charity's trading activities.
Income
Income from donations and tax recovered is accounted for on a received basis. Income from trading
activities is also accounted for on a received basis. No value is placed on donated tools and equip-
ment received until they are shipped or are sold by the charity.
Restricted funds
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors. The aim and use of each restricted fund are set out in the notes to the financial statements.
Pensions
The charity operates a defined contribution plan for the benefit of its employees. Contributions are
expensed as they become payable.
15

WORKAID
(A company limited by guarantee)
Notes to the financial statements for the year ended 5th April 2024
2 Income from Donations and Legacies
2024
2023
Individuals
Trusts
Churches and Organisations
Gift aid
48.090
89,432
12.243
3,904
110,374
92,825
15,680
3,734
153,669
222,613
In the current period there were three restricted donations totalling £31,512 (2023 - seven
donations totalling £68,500).
3 Trading Activities
2024
2023
Workaid Shop & Sales Stands
eBay & Auctions
Non-shop Sales
Sale of Scrap
Supervised Work Experience
Craft & Sundry Activities
Employment funding
203,514
29,957
199,599
33,419
1,191
6,447
2,940
125
3.256
6,230
3,615
245
243,561
246,977
4 Investment Income
2024
2023
Bank Interest
Income from managed funds
59
5,685
893
1,214
5,744
2,107
Expenditure on Raising Funds & Investment
Management
2024
2023
Fund Raising and Publicity
staff Costs
Shop & Development Activities
Special Needs Workshop Supervision
Investment management costs
2,931
49,523
7,713
10,219
1,119
6,288
45,337
9,164
6,858
304
71.505
67,951
Special needs workshop supervision and development activities were funded by £1,000
restricted funds in the current year (2023 - £6,000).
16

WORKAID
IA company limited by guarantee)
Notes to the financial statements for the year ended 5th April 2024
6 Expenditure on Charitable Activities
2024
2023
Project Costs
Staff Costs
Workshop
Building Maintenance
Office
Governance
Depreciation
169,691
137,208
53,444
36,700
25.562
22,486
23,631
177,266
156,339
62,532
28,452
29,565
8,517
26,221
468,722
Project costs were funded by £17,000 restricted funds in the current year (2023 - £20,500).
Building maintenance was funded by £28,512 restricted funds in the current year (2023
£14,910). Staff costs were funded by £nil restricted funds in the current year (2023- £5,000).
Governance costs include £4.000 for independent examination and £3,094 for other finan-
cial ServI￿S (2023- £3,250 and £2,688).
488,892
7 Staff
2024
2023
Total Staff Costs
Employers pension cost
Employers National Insurance
174,079
2,534
10,118
187,275
2,650
11,751
186,731
201,676
Average Staff Numbers
Full Time Equivalent
For the current year, there were bNo full time employees (2023- two). No employee earned
£60,OOOp.a. or more. Trustees were not remunerated.
The key management of the charity was considered to be the full trustee body, the Chief
Executive Officer, and the Volunteer and IT Co-ordinator. The total remuneration of key
management in the year was £101.575 (2023 - £98,682).
8 Related Party Transactions
No trustee received expenses in the current year (2023 - £nil).
9 Taxation
As a charity, Workaid is able to recover tax on donations received related to Gift Aid. The
charity is registered for VAT and is exempt from corporation tax on its charitable activities.
17

WORKAID
IA company limited by guarantee)
Notes to the financial statements for the year ended 5th April 2024
10 Tangible Fixed Assets
Freehold
Property
Fixtures &
Fittings
Motor
Vehicles
Total
Cost
At 6 April 2023
Additions
Disposals
At 5 April 2024
535,000
128.273
28,700
691,973
535,000
128.273
28,700
691,973
Depreciation
At 6 April 2023
On disposals
Charge for the
year
At 5 April 2024
Net book value
At 5 April 2023
At 5 April 2024
87,229
28,700
115,929
23,631
110.860
23,631
139.560
28,700
535,000
535,000
41,044
17,413
576,044
552,413
No fixed asset additions were funded by restricted funds in the current year (2023 - £7,090).
11 Debtors
2024
2023
VAT refund
Gift Aid
Receivables
5,685
3,904
60
3,796
3,734
9,649
7.530
12 Investments
Movement in market value of
investments
2024
2023
Market value at 6 April
Acquisitions at cost
Disposals at market value
Net gainsl(losses) on revaluations
Market value at 5 April
Historical cost at 5 April
164,907
9.984
(41,929)
2,427
130,535
129,782
160,901
4,006
164,907
160,901
The investments which are held for the short term are a managed portfolio in various
funds or collective investments in different categories. At the year-end they were
categorised as..
18

WORKAID
IA company limited by guarantee)
Notes to the financial statements for the year ended 5th April 2024
2024
2023
Debt and fixed Interest
Equity collective investments
Alternative investments
86,652
30,956
12,927
130,535
5,610
136,145
105,220
32,162
27.525
164,907
9,099
174,006
Cash
13 Creditors
2024
2023
Supplier invoices
Accruals
9,671
11,000
20,671
8,904
5,464
14,368
14 Funds
Opening
Balance
Closing
Balance
Income Expenditure
Transfers
Restricted
15.000
31.512
46,512
Designated
Operational
Fixed Assets
Total Designated
120,000
576,044
696.044
120,000
552,413
672,413
23,631
23,631
Unrestricted
140,301
380.369
496.142
23,631
48.159
Total Funds
851,345
411,881
The restricted fund was to cover certain project costs, and works at The Old Boot Factory.
The fixed asset fund represents the net book value of the fixed assets owned by the charity.
The operational fund is to cover six months day-to-day net running costs.
542.654
720,572
15 Analysis of Net Assets
Restricted
Designated Unrestricted
Fixed Assets Operational
2024
Total
Fixed Assets
552,413
552,413
Current Assets
Current Liabilities
120,000
68,830 188,830
(20,671) (20,671)
552,413
120,000
48,159 720,572
19

WORKAID
(A company limited by guarantee)
Tools for Life
WORKAID.
TheQue¢Tr'SAward
lorVoluThtIryS•￿c•
20