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CHARTERED ACCOUNTANTS
REGISTERED COMPANY NUMBER: 02953857 (England and Wales)
REGISTERED CHARITY NUMBER: 1049059
The No Way Trust Limited
(A company limited by Guarantee)
Financial Statements
31 July 2024
S￿0216945-14
be%fer
I¢AEW
CHARTERED
ACCOUNTANTS

The No Way Trust Limited
Contents of the Financial Statements
for the yoar endad 31st July 2024
Page
Report of the Tru8toe8
Raport of tho Independont Auditors
10 to 12
Statement of Flnanclal Actlvlties
13
Balanca Sheet
14
Cash Flow Stat6ment
15
Notes to the Cash Flow Statement
16
Notes to the Financial Statoments
17 to 25

The No Way Trust Limited (Registered number: 02953857)
Report of the Trustees
for th• year ended 31st July 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with Ihe financlal statemeiilèi ul Ilie Ll lill ILY for the year ended 31 st July 2024. Thc tru=toos have adopted
the provlsions of Accounting and Reporling 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).
Chief Executives Report 202312024
The. fnvid years, left today's younger qeneration devoid of regular education for almost 2 years facing multlple
lockdowns and the impact from this unprecedented time is still far reaching. We know from our work with
Primary & Secondary v.hnnls throughout the country how detrimental the impact of the Covid-19 pandemic
continues to be on children and young people. Over four years on from that first lock down., the mental health
impact on the young continues to be profound and schools and communities, located especially in deprived
areas, have been experiencing incidents of challenging. disruptive, and violent behaviour, as recent events in
August 2024 have sadly proven.
Hate Crlme, Knife Crime. Gun Crime. County Llnes, Gang Rivalry, Violence, Domestic Abuse, Social Media
Mitsu￿. Exploitation, Anti-oocial Behaviour ctc, continuo: to be a cause for concern, with inslanpps 8Hdly
related to many young lives10st and a blight on so many otheryoung lives. These issues and more are featured
iii tlie d&ly¥ Il'ial can provide through the goncrooity of our staunch Supporters.
We continue to offer three ever evolving main programmes,. Your Choice Days - for Primary school children
aged 9 to 11,. Crime and Safety Awareness Days - for secondary school young people aged 12 to 16" and a
range of bespoke presentatlons for young people aged between 11 & 18. We again worked face to face with
over 40,000 children and young people during this fiscal year. The charity was also able to replace one of Its
aging replica prison cell exhibit vehicles, which supports all our programmes early in the year increaslng
assets., another similar vehicle will be replaced during the next financial year.
The learning experiences we provided helped the young to understand the law, lustice, causes, consequences
and Impact of crime. their rights and responsibilities as young citizens, know where to turn if they are in crisis,
stay safe, reduce risky behaviour, make better choices, reduce youth crime, and improve communities for all.
Through the interaclive sessions and a range of lived experiences provided the young involved also now have
true knowledge lo base future life decisions upon and understand how important Trust and Freedom are to
building and leading a successful life.
Whatever the aims and objectives of any charily may be, it nevertheless requires fundlng to dellver. Financially,
it has been a suc￿Ssful year for The No Way Trust Charity with a small end of year surplus of £3,033. With
the continued regionalisation of our operations. where we now mainly work within a radius of miles over one
week, we have managed to reduce day to day travel expenses over the past year and reduce travel for our
staff in support of their health and well-being. Savings made have helped to support other operating cost
increases through the year and achieve the small end of year surplus.
Acquiring grants is never easy and each passing year there are so many new deserving causes seeking
support and funding. We will need to continue working hard to attrad the investrnent this charity requires to
sustain its services. During the next financial year, like many other charities, The No Way Trust Limited will
also have to absorb thousands of pounds in unforeseen employer national insurance contributions a5 well as
inflationary increases in operational cosls. Prudent fiscal management and grant funding will be essential for
maintaining delivery of our learning provisions and ensuring the number of beneficiaries we work with. face to
fa￿, continues to reach a minimum of 40,000 annually.
Page 1

The No Way Trust Limited (Registered number: 02953857)
Report of the Trustees
for tho year ended 31st July 2024
The No Way Trust Limited Charity shall be forever thankful and appreciative for the generous support of so
many grant making organisations, individual donations and for the educational sectors trust in our learning
services. Every grant and donation re￿iVed is warmly welcomed and we provide every child or young person
we encounter with a learning experience that is memorable and life enhancing,- pivotal to ensuring the
Continuan￿ of our great charity and the important work that we do. This charity will remain forever indebted
to you all.
Paul Wilkinson
The No Way Trust
Chief Executive
STRATEGIC REPORT
Financial results
As a small charity The No Way Trust Ltd qualifies for an 'lndependent Examination,. For reasons of
transparency, Trustees voluntarily require a full 'lndependent Annual Audit, be carried out, far exceeding
legislative requirements. The results for the year and the charity's financial position at the end of the year are
shown in the attached financial statements.
Reserves
Due to prudent financSal management and mor8 reglonally focussed working strategy, the Trust posted a small
year-end surplus of £3,033. Trustees consider it to have been another very successful year for The No Way
Trust and accumulatively there is an improved carry forward in reserves at year end,
The Board of Trustees have established a reserves policy whereby the unrestrScted funds held by the charity
Should be between 3 to 6 months of the resources expended. Trustees remain focussed on achieving this
level of reserves at the earliest opportunity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity, founded in 1993, Is registered with the Charity Cornmission under registration number 1049059
and the Office of the Scottish Ch8rity Regulator SC040325 and at Companies House as a nonprofit making
Company Limited by Guarantee registration number 02953857. In the event of the company being wound up,
each member has guaranteed to contribute to any liabilities lo a maximum amount of £10 each, The charity is
governed by Memorandum and Articles of Association agreed and adopted 25th August 1995 and amended
by special resolution 8th March 2004, further amended 19th January 2009 and 'Articles of Association, 11th
September 2017.
Recruitment and appolntmgnt of management commlttee
The directors of the company are also charity trustees for the purposes of charity law and under the company's
Articles are known as members of the Management Committee. A Trustee shall be appointed by resolution of
the Trustees for a term of three years and at the expiry of that term and any subsequent terms approved by
the Trustees shall be eligible for re-appointment by the Trustees for another three-year term or such other term
as the Trustees shall determine at their discretion.
The Management Committee seeks to ensure that the needs of this group are appropriately reflected through
the diversity of the trustee body.
Organisatlonal structure
Trustees meet five times annually for general meetings and once a year for the Annual General Meeting which
usually takes place in January. At present the Committee has five members from a variety of professional
backgrounds relevant to the work of the charity.
A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the
Chief Executive. The Chief Executive is responsible for ensuring that th8 charity delivers the services specified
and that key performance indicators are met.
Page 2

The No Way Trust Limited (Registered number: 02953857)
Report of the Trustees
for the year ended 31st July 2024
STRUCI'URE, GOVERNANCE AND MANAGEMENT
Induction and training of naw trustee8
Most trustees are already familiar with the practical work of the charity having been involved for several years.
Additionally, new trustees are invited and encouraged to attend a series of short training sessions (of no more
than an hour) to familiarise themselves with the charity and the context within which it operates. These are
jointly led by the Chair of the Management Committee and the Chief Executive of the charity and cover:
Thfi nhligations of Management Committee. members. (A copy of the Charity Commission Essential
Trustee book18t CC3 and CC3a are normally provided.)
The main documents that set out the operational fraM￿Ork for the charlty are included in the 'Articles
of Association,.
Resourclng and the current financial posltion as set out in the latest published accounts.
Business plan and objectives,
Risk management
The Maiidy*Jiii¥iII Coiiiinittee has conducted 8 review of thc major ritrks to which th8 charity is exposed, A rlsk
register has been established and is constantly under review, being updated at least annually. Appropriate
Safe Systems of Work or other procedures have been adopted to mitigate these risks.
Slgnlficant external risks to funding have led to the development of a strateglc plan which will allow for the
diversification of funding and activities. Internal control risks are minimised by the sub-finance committee and
proCedU￿S for authorisation of all transactions and projects. Procedures are in place to ensure compliance
wilh health and safely of staff, volunteers, and beneficiaries.
Publlc benefit
In presenting this report Trustees have regard for the Charity Commission's guidance on public benefit and
consider that this falls within "The Advancement of Edijcation for the Public Benefit"
The outcomes of The No Way Trust, following their work with children and young people include;
A greater understanding of how the law and justice work,
A greater understanding of the causes, consequences, and impact of crime and anti-social
behaviour,
Guiding them towards making better Chol￿s, stay safe, reducing risky behaviour, and avold crime,
Signposting avenues of help and support,
Support and advice for those who have a loved one in prison,
Support for young victims of crime,
Increased awareness that poor choices made now could impact their future,
Equipping young people with the skills and opportunities Ihey need to reach their potential.
This translates into a better quality of life for the young, their communities, less vlctims of crime and a reduction
in costs, either personal or financial for the general public.
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The No Way Trust Limited (Registered number: 02953857)
Report of the Trustees
for tha year •nded 31st July 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Background
The No Way Trust Charity was founded in 1 g93 by 3 prison officers concerned about the number of young
people encountering the criminal justice system. The aim being to prevent Children and young people from
becoming involved in crime and anti-social behaviour and learn about Ihe law, justice, causes, consequenos.
and impact of crime.
In 1995, The No Way Trust Limited became a registered charity and company limited by guarantee, but it will
always be known affectionately by its, original name-Prisonl Me! No-wayl which continues to define its brand.
Since 1993 the Trusts, work has impacted on more than 2,500 Secondary Schools and some 2,000 + other
children and youth organisations including youth groups and charities, excluded, disadvantaged, and
disaff&led pupils, Pupil Re-lntegration Unrts. Youth Offending Services and more etc. etc. The Trust also
works in some Primary Schools. The Trust works face lo face with over 40,000 children and young people
annually. We provide an array of flexible learning ServI￿S through No Way Trust staff & volunteers who are
trained in the delivery of a wide range of high-quslity professional, accurate, realistic, truthful, impactive and
MeMorat￿e sesslons.
The Trust employs 23 staff on varled contracts equivalent to approximately 16 full time staff who are based in
our Head Office in Hull and locations around the country.
Vlsion
Our vision is one where every young person leaves school with the knowledge and confidence to take control,
make positive choices that avoid becoming involved in crime, slay safe and realise their full potential.
Mi8slon Statement
To raise awareness amongst young people, aged 8 to 18, about the causes, consequences, penalties, and
Impact of crime and antl-social behaviour. We want young people to stay safe, understand their rights and
responsibllities as young citizens, aspire and be prepared to meet the challenges of modern society.
Valu08
The Trusts values are,.
We are a not for profit organlsation
We take pride in delivering quality and value for money
The safely of young people is paramount to us
We are one Trust.. great things happen when we work together
We deliver what ￿ commit to and communicate effecxively with our partners
Innovation, integrity and making a difference in the lives of young people are the driving forces for our
staff and volunteers
Page 4

The No Way Trust Limited (Registered number: 02953857)
Report of the Trustees
for th• year ended 31st July 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Strategic aims
The Aims of the Trust are to: _
Help young people to stay safe, prevent child exploitation in all its forms, reduce risky behaviour, and
prevent more young victims of crime
Help children and young people to deal with Ilfe challenges and understand the impact of anti-social
behaviour and crime upon them and their communities
Dispel Ihp myths and misconceptions of imprisonment and accurately and sensitively portray the
effects of imprisonment
Rai8e extensive awareness of, and Impress upon all young people, the ultimate consequences and
penalties of crime
Adapt a preventative approach but not be confrontational or employ any other form of scare tactic
Encourage responsible decision-making and positive life skill development and to instill the values
and benefits of being a responsible young citizen
Develop progressive partnerships that incorporate inter-agency working and co-operation between
like-minded agencies
Assist Offender￿ ond Ex-Offend8rs in their rehabilitatinn
Strateglc objectlveg
The Trust will seek to..
Deliver Crime & Safety Awareness Days across the country to secondary Schools, whilst maintaining
the quality of delivery for which we are renowned. Each day will be tailored to reflect the issues within
each locality and involve crime and safety agencies appropriate to those issues
Work with primary school children, as we firmly believe that crime preventative work cannot start too
early
Employ, mentor. and involve people with convictlons still in prison or released from prison, that have
already worked with the Trust. to deliver impactive workshops in schools
Continually develop in conjunction with Ihe feedback from young people and our own Youth Advisory
Group, innovatlve and interactive resources to assist us in the prevention of youth crime
Deliver presentations to young people across the county in varied settings such as schools, pupil
referral units and in conjunction with partner agencies e.g. Emergency Services, Youth Justice etc.
Communicate with young people and our stakeholders uslng the most effective channels in a co-
ordinated and strategic manner
Revl•w of developments, actlvities and achl•vements
HMPPS Agreement
The partnership agreement with Her Majesty's Prison and Probation Service continues to assist In the
recruitment of Prison Staff and Serving Prisoner volunteers (living in open prison conditions) to attend and
volunteer with us, in the knowledge thal our training and professionalism greatly assist the Prison Servi￿,
HMPPS, career development and aids rehabilitation.
Crfme and Safety Awareness Days
We delivered 135 of our unique days in the 12 months covered by this report, including many schools that we
have visited year on year.
Your Choice Days
These days are specifically designed for Primary school children aged 9 to 11 and have been well received.
We currently offer up to 30 YCD'S per year working in some of the most disadvantaged communities. We
believe that working with a younger audience can only help to keep them safe and avoid inadvertently
becoming involved in criminal activity.
Page 5

The No Way Trust Limited (Registered number: 02953857)
Report of the Trustees
for th• yèar ended 31st July 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Youth Advisory Group
We have a very vibrant Youth Advisory Group (YAG) who meet regularly and attend our days, to ensure that
we always deliver interventions that meet the needs of todays, young people. YAG has carried out evaluations,
consultations, and focus groups with young people at various locations across the country. YAG has used
information gathered to identify what works well and provide constructive critique and recommendations to
Crime Day leads, as well as ideas for improving the learning experience for our young audiences. The YAG
group is always looking to recruit new member5 to widen experience and diversity of its structure.
Peopl• in Prison Prnsentations
The No Way Trust works with Her Majesty's Prison and Probation Service to support the rehabilitation of
people in prison by offering them the opportunity to work with young people with the aim of preventing children
and young people making similar mistakes in the future. Since our pilot in 2012 of employing People who had
been in prison to deliver thought-provoking workshops to young people, we have to date employed a total of
15 in different parts of the UK. Pleasingly, we know that6 of them have gone on to secure full-time employment.
elsewhere, furthering their careers. we currently employ 2 people who have been in prison. The workshops
continue to be in high demand right across the country and have contributed to diversifying our servi￿8 and
generating additional grants.
Soclal Medla & Webslte
Our modern websile keeps evolving and the number of enqulrles generated through the website have soared
and enabled many new schools and youth agencies to become involved.
Replica Pri80n Cell
Thanks to generous supporters, we were able to purchase a Peugeot Luton Box Van and convert the interior
into a replica prison cell to replace an aging model. The new vehicle entered community service in April 2024
and has provided an enhanced learning dimension to our work. The conversion was again undertaken by a
very generous skilled volunteer who gave freely of his time and expertise. This saved the Trusl several
thousands of pounds in labour costs
Impact
The impact of The No Way Trust's work have been conslstent and extr8mely positive for over 31 years.
Independent research conducted by the University of Sheffield published in September 2023, evidenced that:
The No Way Trust (NWT) was having a lasting impact and making a positive difference to children and young
people's lives and fulure decision making and that the value of 'lived learning experiences. provided was
profoundly valued by young beneficiaries. Our charily also offers ex-prisoners a key pathway to reintegration,
work experience and a living salary and volunteer prisoners to rebuild confidence, self-esteem, learn new
skills, self-evaluate. and give back to the community.
A previous independent evaluation, completed by the Charities Evaluation Service also reported.. CSAD'S
helps prevent young people from becoming involved in criminal activity, messages are remembered by young
people for several years or more, and that some young people involved at CSAD'S, subsequently applied
something they learnt in dealing with a difficult situation.
Volunteers
The trust continues to have a strong pool of volunteers who assist in the delivery of our crime and safety
awareness days and bespoke presentations across the country.
Page 6

The No Way Trust Limited (Registered number: 02953857)
Report of the Trustees
for the year ended 31st July 2024
STRUCIURE, GOVERNANCE AND MANAGEMENT
Future Plans
Crlme and Safety Awareness Days {CSADs)
Demand for CSAD'S remains strong. Many schools have already re-booked their days. and the present
financial year has increased activity scheduled. We will continue to focus on delivery in areas where V￿ have
a good nucleus of our volunteers available and where it is most cost-effective for us.
Yoilr Cholca Days
Demand for YCD'S in Primary Schools is high and we will look to build capacity further through the academic
year- September 2024 and .Iiily ?n25- and beyond
Bespoke Presentations
The number of presentations that we deliver will again be dependent on demand, as some schools that are
unable to afford a full Crime & Safety Awareness Day, still wish us to interact with their students. We have an
attractive and fair pricing structure that allows us to tailor activity to the school funds available.
Repllca Prison C*ll8
We will replace a second aging mobile replica prison cell during the next financial year
Interactive Learning
We will work closely with chlldren, young people and schools to inlroduce new Interactive features to enhance
the learning experience and long-term Impact of our work.
Flnance
The increases to Employer Nalional Insurance contributions that will be introduced during April 2025, and
future pay rises, will add several thousands of pounds to the charities annual running costs and will require
skilled budget management.
Busin6ss Plan 2025- 2026
Will set a course for transition over the next 2 years arKI b8yond.
Summary
The No Way Trust charity is one of the most highly regarded ch8rltles that exists in the United Kingdom today.
Since emerging from covid we have introduced an impressive array of new workshops, refinement of traditional
workshops that have stood the test of time., with a constant focus on Gontinuou8 service improvement and
evolution enabling us to meet Ihe demands of today's youth.
The Trust importantly ensures Children and Young People have a real and active stake in the project's
evolution. This contributes towards ongoing programme innovation and keeping our learning services fresh,
meaningful, relevant, and current for today's generation of children and young people.
The Trust has a proven can40 track record, and we re￿1ve enquiries every day for our learning services. Our
workforce of staff and volunteers have a unique and incredible range of skills and knowledge that makes us
well placed to work with children and young people. Serving and early retired police and prison staff, ex-people
in prison employees and serving prisoner volunteers, magistrate volunteers, educationalists, young people,
youth advisory group and many criminal justice, emergency service and charitable partners unite for a common
good. So far as we can establish, there is nothing to compare with Prison! Mel No-way! anywhere in the UK.
Our personable approach is one of constant evolution, innovalion, inclusivity, and partnership that together
provides a cohesive, united. effective, varied, and unique range of life-enhancing learning experiences.
The feedback re￿]Ved this past year has again b￿n outstanding and demonstrates the need for and value of
our services. The No Way Trust's reputation for quality, innovation, can do mentality, rich history of over 31
years, never standing still, being prepared to take on new challenges. tread where others fear to go - inspired
by the spirit and inner belief of an incredibly enthusiastic team of volunteers, staff, supporters and investors.
who all have an infectious desire to make a genuine and long lasting differen￿ to young lives,- is what this
enviable reputation ha5 been built upon.
Page 7

The No Way Trust Limited (Registered number: 02953857)
Report of the Trustees
for the year éndod 31st July 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02953857 (England and Wales)
Registered Charity number
1049059
Registered offlca
The Deep Business Centre
Tower Street
Hull
East Yorkshire
HU14BG
Trustea8
Mr Stephen Rock- Chair
Mrs Dawn Douglas
Mrs Sandra Fawcett
Mr David Grantham
Mr Graham McDonald
Company Secrotary
Pamela Gay
Audltorn
Smalles Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 88A
Sollcltors
Rollils
Citadel House
58 High Street
Hull
HU11QE
Bankers
Lloyds Bank plc
Hull City Centre
1 Grand Buildings
Jameson Street
Hull
HU13JX
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also the directors of The No Way Trust Limited for the purposes of company law) are
responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable
law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Page 8

The No Way Trust Limited (Registered number: 02953857)
Report of the Trustees
for the year endéd 31st July 2024
STATEMENT OF TRUSTEES. RESPONSIBILITIES - continued
Company law requires the trustees to prepare financial statements for each financial 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 Ihat period. In preparing those
financial statements, the trustees are required to
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charily SORP;
make judgements and estimates that are reasonable and prudent;
qtatp. whether applicable accounting standards have been followed, subject to any materfal departures
disclosed and explained in the financial statements.
prepare the financial slatements 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 with reasonable accuracy
at any time the financial position of the charitable company 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 company and hence for taking reasonable steps for the preventlon and detection of fraud and
other irregularities.
n so far as the trustees are aware:
there is no relevant audit information of vthich the charitable company's auditors are unaware; and
the truslees have taken all steps Ihat they ought to have laken lo make themselves aware of any relevant
audit information and to establish that the audilors are aware of that information.
AUDITORS
A resolution to appoint auditors for the ensuing year will be proposed at the annual general meeting in
accordance with Companies Act 2006.
Reporl of the trustees, incorporaling a strategic report, approved by order of the board of trustees, as the
company directors, on 20th January 2025 and signed on the board's behalf by:
Mr Stephen Rock - Trustee
Page 9

Report of the Independent Auditors to the Members of
The No Way Trust Limited
Opinion
We have audited the financial statements of The No Way Trust Limited (the 'charitable company,) for the year
ended 31st July 2024 which comprise the Statement of Financial Activities. the Balance Sheet, the Cash Flow
Statement and notes to the financial statements. including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the charitable company's affairs as at 31 st July 2024 and of its
incoming resources and application of resources, including its income and expenditure. for the year then
ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,.
and
have been prep£red in accordance with the requirements of the Companies Act 2006.
Basis for opinlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities
for the audit of the financial statements section of our report. We are independent of the charitable company
in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK,
including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with
these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to
provlde a basis for our opinion.
Concluslons relating to going 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
conditions that, individually or collectively. may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least iwelve months from when the financial statements are
authorised for issue.
Our responsibilities and the r8sponsibilities of the trustees with respect to going concern are described In the
relevant sections of this report.
Other Informatlon
The trustees are responsible for the other informatlon. The other information comprises 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 fomi 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 materially inconsistent with the financial statements or
our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identrfy such
material inconsistencies or apparent material misstatements, we are required to determine whether 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
port that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In OLJr opinion, based on the work undertaken in the course of the audit:
the information given in the Report of the Trustees for the financial year for which the financial statements
are prepared is consistent with the financial statements" and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 10

Report of the Independent Auditors to the Members of
The No Way Trust Limited
Matter8 on which w• are requir•d to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the
wui¥¥ uf ilie audit, we have not identified material mi==tatemont6 in the Report of the Trustees.
We have nothing to report in respect of the following matters 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 have not been re￿iVed
from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns. or
certain disclosure5 of trustees, remuneration specified by law are not made- or
we have not received all the information and explanations we require for our audit.
Responslbllltles of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors
of the charitable company for the purposes of company law) are responsible for the preparation of thefinancial
statemenls and for being satlsfied that they give a true and fair view, and for such internal control as the
trustees determine is necessary to enable the preparats-on of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing Ihe financial statements, the trustees are responsible for assessing the charitable company's
abilily to continuo as a going conc8rn, disclosing, as applicable, matte.rs rplalAd to 90ing concern and using
the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or
to cease operations, or have no realistic alternative but to do so.
Our regponslbllltles for tho audit of the finanGial statements
Our objectives are to obtain reasonable assurance aboul whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and lo issue a Report of the I ndependent Auditors
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and 8re considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial slatements.
Our approach lo identifying and assessing the risks of material misstatement In respect of irregularities,
including fraud and non-compliance with laws and regulations, was focused on specific laws and regulations
which we considered may have a direct material effect on Ihe financial statements or the operations of the
charilable company, including the Companies Act 2006, Charities Act 2011, taxation legislation, safeguarding,
data protection, anti-bribery, employment, environmental and health and safety legislation. An understanding
of these laws and regulations and the extent of compliance was obtained through discusslon with management
and inspecting legal and regulatory correspondence.
We assessed the susceptibility of the charitable company's financlal statements to material misstatement,
including obtaining an understanding of how fraud might occur. by making enquiries of management and
considering the internal controls in place to mitigate risks of fraud and non-compllance with laws and
regulations.
To address the risk of fraud through management bias and override of controls, we..
performed analytical procedures to identify any unusual or unexpecled relationships;
tested journal entries to identify unusual transactions.,
assessed whether judgements and assumptions made in determining the accounting estimates %vere
indicative of potential bias, and
investigated the rationale behind significant or unusual transactions.
Page11

Report of the Independent Auditors to the Members of
The No Way Trust Limited
Oplnion
We have audited the financial statements of The No Way Trust Limited (the 'charitable company,) for the year
ended 31st July 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow
Statement and notes to the financial statements, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the slate of the charitable companys affairs as at 31 st July 2024 and of its
incoming resources and application of resources, including its income and expenditure, for the year then
ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,.
and
have been prepared in accordance with the requirements of the Companies Act 2008.
Basis for opinlon
We conducted our audit in accordance with Internatlonal Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further descrlbed in the Auditors, responsibilities
for the audit of the financial stalements section of our report. We are independent of the charitable company
In accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK,
Including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with
these requirements. We believe that the audit evidence we have obtained Is sufficient and appropriate to
provide a basis for our opinion.
Concluslons relatlng to golng conGern
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
conditions that, individually or colleclively, may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least twelve months from when the fin8ncial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other Infomiation
The trustees are responsible for the other information. The other Informalion comprises the information
included in the Annual Report, other than the financial statements and our Report of the Independent Audltors
thereon.
Our opinion on the financlal 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 materially inconsistent with the financial statements or
our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identrfy such
material inconsistencies or apparent material misstatements, we are required to determine whether this gives
rise to a material misstatement in the financial ststements 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
report that fact. We have nothing to report in this regard.
Opinions on other matters proscribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Report of the Trustees for the financial year for which the financial statements
are prepared is consistent with the financial statements., and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 10

Report of the Independent Auditors to the Members of
The No Way Trust Limited
Matters on whlch we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters 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 have 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 trustees, remuneration specrfied by law are not made., or
we have not received all the information and explanations we require for our audit.
Responslbllltles of trustees
As explained more fully in the Statement of Trustees, Responsibillties, the trustees {who are also the directors
of the charitable companyfor the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such internal control as the
trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparlng the fiii¥iiLidl ¥iateineiits, the trustees are re8pon8iblo for a•*¥J•C
ing th8 charitabl6 company's
ability to continue as a going Concern, disclosing, as applicable, matters related to going concern and using
th8 golng concerri basib uf dL6uunliiig unless the Irustee8 either intcnd to liquidate th8 charitabl8 company or
to cease operations, or have no realistic alternative but to do so.
Our responslbilitles for the audlt of the financial statements
Our objectives are to obtain reasonable assurance about whether the financlal statements as a whole are free
from material misstatement. whether due to fraud or error, 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 guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on Ihe basis of these
financial statements.
Our approach to identifying and assessing the rlsks of material misstatement in respect of Irregularities,
including fraud and non-compliance with laws and regulations. was focused on specific laws and regulations
which we considered may have a direct material effect on the financial slatements or the operations of the
charitable company, including the Companies Act 2006, Charities Act 2011, taxation legislation. safeguarding.
data protection, anti-bribery. employment, environmenlal and health and safety legislation. An understanding
of these laws and regulations and the extent of compliance was obtained through discussion with management
and inspecting legal and regulatory correspondence.
We assessed the susceptlbility of the charitable company's financial statements to material misstatement,
including obtaining an understanding of how fraud might occur, by making enquiries of management and
considering the internal controls in place to mitigate risks of fraud and non-compliance wilh laws and
regulations.
To address the risk of fraud through management bias and override of controls, we:
performed analytlcal procedures to identify any unusual or unexpected relationships-
tested journal entries to identify unusual transactions.
assessed whether judgements and assumptions made in determining the accounting estimates were
indicative of potential bias-, and
investigated the rationale behind significant or unusual transactions.
Page11

Report of the Independent Auditors to the Members of
The No Way Trust Limited
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to..
agreeing financial statement disclosures to underlying supporting documentation,.
reading the minutes of meetings of those charged with governance,.
enquiring of management as to actual and potential litigation and claims.. and
reviewing correspondence with relevant regulators and legal advisors.
Due to the inherent limitations of an audit. there is a risk that we will not detect all irregularities. including those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
Auditing standards also limit the audit procedures required to identify non-compliance with laws and
regulations to enquiry of the directors and other management and the inspection of regulatory and legal
correspondence, if any.
The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud involves
intentional concealment, forgery. co15usion, omission, or misrepresentation.
A further description of our r8sponsibilities for the audlt of the financial statements Is located on the Financlal
Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description forms part of our
Report of the Independent Auditors.
Uso of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an auditors, report and for
no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone
other than 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.
Stephen Bramall Bsc., FCA {Senlor Statutory Auditor)
for and on behalf of Smalles Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA
20th January 2025
Page 12

The No Way Trust Limited
Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the year ended 31st July 2024
2024
Total
funds
2023
Total
ftAnds
Unrestricled Restricted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Charitablo activltles
Core activities
Other
30,259
3,742
322,136
188,980
352,395
192,722
355,325
189,251
Other income
225
225
Total
511,341
545 342
548,826
EXPENDITURE ON
Raising funds
1,453
7,957
9,410
7,456
Charitable actlvitie8
Core activities
Other
23,930
16,329
492,482
158
516.412
529,552
16,075
Total
500,597
542 309
553,083
NET INCOMEI(EXPENDITURE)
(7,7111
10,744
3,033
{4,257)
RECONCILIATION OF FUNDS
Total funds brought forward
7,641
13,563
21,204
25,461
TOTAL FUNOS CARRIED FORWARD
70
24,307
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial slatements
Page 13

The No Way Trust Limited (Registered number: 02953857)
Balance Sheet
31st July 2024
2024
2023
Notes
FIXED ASSETS
Tangible assets
11
32,764
12,133
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
12
13
1,061
128.153
1,061
138,117
66,317
200,316
205,495
CREDITORS
Amount5 falling due within one year
14
(206,263) (189,429)
NET CURRENT ASSETS
16,066
TOTAL ASSEfs LESS CURRENT
LIABILITIES
26,817
28,199
CREDITORS
Amounts falling due after more than one year 15
{2,580)
(6,995)
NET ASSETSI{LIABILITIES)
FUNDS
Unreslricted funds
Restricted funds
19
(70)
7,641
TOTAL FUNDS
21,204
The financial statements were approved by the Board of Trustees and authorised for Issue on
20th January 2025 and were signed on its behalf by:
Mr Graham McDonald -
rus
ee
The notes form part of these financial statements
Page 14

The No Way Trust Llmlted
Cash Flow Statement
for the year ended 31st July 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
33,047
Net cash provided byl(used in) operating activities
33,047
25,156)
Cash flows from investing actlvities
Purchase of tangiblc fixcd a0￿ct=
Sale of tangible fixed assets
(24.248)
225
(1,428>
4,250
Net cash (used inyprovided by investing activities
24,023)
2,822
Cash flows from financlng activltle8
Loan repayments in year
Net cash used in financing actlvities
Change in cash and cash equival•nts
in tho reporting pariod
Cash and cash equivalents at the
beglnnlng of the reporting period
4,78S
(26,672)
66,317
92,989
Cash and cash équivalents at tho end
of the reporting ￿rIOd
66,317
The notes form part of these financial statements
Page 15

The No Way Trust Limited
Notes to the Cash Flow Statement
for the y•ar ènded 31st July 2024
RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net Incomel(•xpanditure) for the reportlng period (as per the
Statement of Financial Activities)
AdJustmonts for:
Depreciation charges
Profit on disposal of fixed assets
Decreasel(increase) in debtors
Increasel{decrease) in creditors
3.033
(4,257)
3,616
{225)
9,965
16,658
3,358
(4,250)
(13,404)
Net cash provlded byl(u8ad in) operatlons
33.047
25 156)
ANALYSIS OF CHANGES IN NET FUNDS
At 1.8,23
Cash flow
At 31.7.24
Net cash
Cash at bank and in hand
66,317
Debt
Debts falling due within 1 year
Debts falling due after 1 year
(3,824)
6,995
1176>
(4,000)
Total
55,498
9,024
64,522
The notes form part of these financial statements
Page 16

The No Way Trust Limited
Notos to the Financial Statements
for the year endad 31st July 2024
ACCOUNTING POLICIES
Basis of preparing the financlal statements
The financial statements of the charitable company. which is a public benefit entity under FRS 102,
have been prepared in accordan￿ 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.
Income
All income is recognised in the Statement of Financial Activities On￿ 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
commlttlng the charlty to that expendSturB, il is yrubdblv LlidL d Ifdl Ibl¥i uf titiiiioniic beiiefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basss and hi45 btjtjri Lldbsilied uiid¥i Ii¥ddiiiyb IliaL aggregale 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.
Allocation and apportlonmont of costs
Support costs are those that assist the work of the charity but do not directly represent charitable
activities and include office costs, governance costs, audilors remuneration, legal and professional fees,
depreciation and administrative payroll costs. They are incurred directly in support of expenditure on
the objects of the charity. Where support costs cannot be directly attributed to particular headings they
have been allocated to cost of raising funds and expenditure on charitable activities on a basis
consistent with use of the resources.
Tanglble fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.
Plant and equipment
Motor vehicles
170kn on cost
15Yo on cost
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation
and accumulated impairment losses. Cost indudes cosls directly attributable to making the asset
capable of operating as intended.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete
and slow moving items.
Taxatlon
The 'No Way, Trust Limited is a UK registered charity, number 1049059. All the Charity's income is
applied to its charitable objectives and the Charity is, therefore, exempt under current legislation from
most forms of taxation.
Value added tax is not recoverable by the Charity and is charged to the statement of financial activities
or balan￿ sheet, as incurred.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Page 17
continued..

The No Way Trust Limited
Notes to the Financial Statements - continued
for the year ended 31st July 2024
ACCOUNTING POLICIES - contlnuad
Fund accountlng
Reslricled funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or vthen funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
Debtors and credltors
Deblors and creditors wilh no stated interest rate and re￿1vable or payable within one year are recorded
at transaction price. Any losses arising from impairment are recognised in expenditure.
Hirè purchase and leaslng commltmènts
Amounts payable under operating leases are charged to profit and loss account when incurred.
Deferred income
Deferred income represents amounts recelved for charitable activities in advance of the event taking
place less cosls incurred to date.
Impairments
Assets not measured at fair value are reviewed for any Indicalion that the asset may be impaired at
each balance sheet date. If such indication exists, the recoverable amount of the asset. or the asset's
cash generating unit. is estimated and compared to the carrying amount. Where the carrying amount
exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is
carried at a revalued amount where the impairment loss is a revaluation decrease.
Pen8lon contrlbutions
The company operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the company in an independently adminislered fund. Contributions are
charged to the Siatement of Financial Activities as they become payable in accordan￿ with the rules.
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Core activities
Grants and donations
352,395
192,722
355,325
189,251
545,117
544,576
Grant and donations comprise the following:
Amount
Baron Davenport's Charity
Carol Hudson
CB & HH Taylor 1984 Trust
Chapman Charitable Trust
Dave Jones Memorial Donation
EH Smith Charitable Trust
Florence Turner Trust
Frank Litchfield General Charitable Trust
Great Western Railways - GWR
Hadrian Trust
Hull City Council Crime Prevention Fund
1,000
2,000
1,200
1,000
870
1,800
1,000
2.000
18,850
1,000
25.000
Page 18
continued...

The No Way Trust Llmited
Notes to the Financial Statements - continued
for the yèar ended 31st July 2024
INCOME FROM CHARITABLE ACTIVITIES - continued
Richard Hudson
Sheffield Town Trust
Skipton Building Society
st Jude's Trust
stephen Martin
Stephen T. Larard MBE JP DL
Tp.sc.n Community Grant
The 29th May 1961 Charitable Trust
The Alice Ellen Cooper-nean C.harilahla Foundation
The Camelia Trust
The Charles & Elsie Sykes Trust
The Falconer Family Trust
The Garfield Weston Foundation
The Gay & Peter Hartley's Hillards Charitable Trust
The George A Moore Foundation
Tli¥ Gu¥ilii iy Fouiidation
The Grocers Charity
Tlie) Hdraiiiead Trust
The Henry & Dora Needler MemorSal Trust
The Hull & East Riding Charitable Trust
The lan Askew Charitable Trust
The John & Susan Bowers Fund
The John Horseman Trust
The John R Murray Charitable Trust
The Joseph & Annie Cattle Trust
The Oak Trust
The Patrick Trust
The Prince of Wales Charitable Fund
The Robert McAlpine Foundation
The Shepherd Group Community Support Fund (Portakabin)
The Sir James Reckitt Charity
The T.U,U.T Charitable Trust
The Vandervell Foundation
The W.F.Southall Trust
The Worshipful Company of Weavers
The Yorkshire Bank Charitable Trust
Theodore Maxxy Charitable Trust
William Allen Young Charitable Trust
Other Donations
Deferred Income Movement
3.000
2,500
2,500
1,000
1,000
2,500
1,125
5,000
2,000
2,000
5,000
4,800
25,000
1,000
1,000
5,000
5,000
5,000
4,000
5,000
500
800
5,000
5,000
7,500
1,000
2,000
2,000
5,000
5,000
4,000
10,000
3,000
3,000
5,CQO
1,000
2,000
3.000
722
-11,945
192,722
Page 19
continued...

The No Way Trust Limited
Notes to the Financial Statements - continued
for the year endad 318t July 2024
RAISING FUNDS
Raising donatlons and legacies
2024
2023
Conferences and seminars
Advertising, printing and stationery
Crime day enhancements
100
1,963
5,393
1,442
7,968
7,456
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 5)
Support
costs (see
note 6)
Totals
Core activities
Other
516,412
516,412
516,412
532,899
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
Travelling and subsistence
Telephone mobile and internet
Motor expenses
Rent
Wages and salaries
Postage
Depreciation
Insurance
Legal and professional
Sundry
Bank charges
56,500
2,698
15,179
14,251
400,037
507
3,255
1,263
11,876
10,059
787
66,969
4,782
17,207
13,245
391,412
168
3,022
1,653
20,664
9,637
793
516 412
529,552
Page 20
continued...

The No Way Trust Limited
Notes to the Financial Statements - continued
for the year ended 31st July 2024
SUPPORT COSTS
2024
2023
Wages and salaries
Auditors, remuneration
Rent
Legal and professional
Sundry
Meetings
D8preeiation
4,003
5,983
1,584
1,320
1,620
1,615
362
3,954
5,800
1,471
2.296
1,071
1,147
336
16,075
NET INCOMEI{EXPENDITURE)
Net incomel(expenditure) is stated after chargingl(crediting).'
2024
2023
Auditors, remuneration
Depreciation - owned assets
Surplus on disposal of fixed assets
Auditors, remuneration for non audit work
5,983
3,617
(225)
5,800
3,358
(4,250)
1,062
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 st July 2024 nor for the
year ended 31st July 2023.
Trust068' oxpense8
There w8r8 no trustees, expenses paid for the year ended 31 st July 2024 nor for the year ended
31st July 2023.
STAFF COSTS
2024
2023
Wages and salaries
Social security costs
Pension
375,679
19,930
8,431
365,430
21,552
8,385
404,040
395,366
During the year, the charity made termination payments tolalling £3,750 (2023.. nil).
The average monthly number of employees during the year was as follows..
2024
23
2023
23
Total
No employees received emoluments in excess of £60,000.
Page 21
continued...

The No Way Trust Limited
Notes to the Financial Statements - continued
for the year endad 318t July 2024
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
un￿strICted Restricted
funds
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Charltable activities
Core activities
Other
21,395
14.226
333,930
175,025
355,325
189,251
Other income
4,250
4,250
Total
39.871
508 955
548.826
EXPEND￿uRE ON
Raising funds
1,963
5,493
Charitable actlvltles
Core activities
Other
27,221
9,346
502,331
6,729
529,552
16,075
Total
38,530
514,553
553,083
NET INCOMEI(EXPENDITURE)
1,341
(5.598)
(4,257)
RECONCILIATION OF FUNDS
Total funds brought forward
6,301
19,160
25,461
TOTAL FUNDS CARRIED FORWARD
7,642
13,562
21,204
11. TANGIBLE FIXED ASSETS
Plant and
equipment
Motor
vehides
Totals
COST
Al 1 st August 2023
Additions
Disposals
155.334
1,744
53,567
22,504
208.901
24,248
At 31st July 2024
157 078
61.071
218,149
DEPRECIATION
At 1st August 2023
Charge for year
Eliminated on disposal
143,201
2,475
53.567
1,142
15,000)
196,768
3,617
15,000)
At 31st July 2024
145,676
39,709
185 385
NET BOOKVALUE
At 31 st July 2024
32.764
At 31st July 2023
12,133
12,133
Page 22
continued...

The No Way Trust Limlted
Notes to the Financial Statements - continued
for the year ended 31st July 2024
12. STOCKS
2024
2023
Stocks
1,061
1,061
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Prepayments
123,850
4,303
135,425
2,692
128,153
138,117
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Bank loans and overdrafts (see note 16)
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
4,000
3,915
10.710
1.428
186210
3,824
4,062
13,947
1,839
165,757
206 263
189,429
2024
2023
Deferred income at 1 August 2023
Amounts deferred in the year
Amounts released in the year
15g,557
175,955
159,557)
165,482
332,625
338,550)
Deferred income at 31 July 2024
175.955
159,557
15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024
2023
Bank loans (see note 16)
6,995
16. LOANS
An analysis of the maturity of loans is given below:
2024
2023
Amounts falling due within one year on demand:
Bank loans
4,000
3,824
Amounts falling due between two and five years by instalments:
Bank loans
2,580
6,995
Page 23
continued...

The No Way Trust Limited
Notes to the Financial Statements - continued
for thè year ended 318t July 2024
17. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows".
2024
2023
Within one year
Between one and five years
11,340
2,835
11,205
14,175
25,380
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
fund8
funds
Fixed assets
Current assets
Current liabilities
Long term liabilities
4,707
200.316
(202,513)
28,057
32,764
200,316
{3,750) (206,263)
12,133
205,495
(189,429>
70
19. MOVEMENT IN FUNDS
Net
movement
in funds
At
31.7.24
At 1.8.23
Unrestricted funds
General fund
7,641
(7,711>
(70)
Restricted funds
Core Activities
13,563
10,744
24.307
TOTAL FUNDS
Net movement in funds, included in the above are as fdlows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
34,001
(41,712)
(7.711)
Restricted funds
Core Activities
511,341
(500,597)
10,744
TOTAL FUNDS
545,342
542,309)
3,033
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continued...

The No Way Trust Limited
Notes to the Financial Statements - continued
for the year ended 31st July 2024
19. MOVEMENT IN FUNDS - continuad
Comparative8 for movement in funds
Net
movement
in funds
At
31.7.23
At 1.8.22
Unrestrie.te.d funds
General fund
6,301
1,340
7,641
Rèstrlcted funds
Core Activities
19,160
(5,597)
13,563
TOTAL FUNDS
25,461
4.257)
Comparative net movement in funds, included in the atx)ve are as follows,.
Incoming
resources
Resources
expended
Movement
in funds
Unre8trlcted fund8
General fund
39,871
(38,531)
1,340
Restricted fund8
Core Activities
508,955
(514,552)
(5,597)
TOTAL FUNDS
548,826
553,083)
4,257)
20. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 st July 2024.
21. SHARE CAPITAL
There is no called up share capltal as the company is limited by guarantee. In the event of the Charity
being wound up each member has undertaken to contribule to the assets of the Charity such amount
as may be required to dlscharge its debts, the amount not to exceed £10 per member.
PENSION COMMITMENTS
The charity operates a defined contribution pension plan for its employees. Th8 amount recognised as
an expense in the year was £8,431 <2023: £8,385). At the year end, £1,483 was outstanding in respect
of contributions not yet paid over (2023: £1,623).
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