Company No. 06498296 (England & Wales) Charity No. 1123777 WAYOUT- WORLDWIDE ARTS YOUTH LIMITED (a company limrted by guranteed) FINANCIAL STATEMENTS FOR THE YEAR ENDED 04 APRIL 2024 CHARLES OSEI, BSC, MSC, ACIE, MCIPP, AFA, ATA CHARITY INDEPENDENT EXAMINER I ACCOUNTANT FLAT 3, 11 ROCHDALE WAY LONDON SE8 4LY
WAYOUT WORLDWIDE ARTS FOR YOUTH LTD Company Reglstratlon Number: 06498296 Reglstered Charlty No. 1123777 FINANCIAL ACCOUNTS FOR THE YEAR ENDED 04 APRIL 2024 CONTENT Paga Legal and Administrative Detsils 2-12 Report of Trustees 13 Independent Examiner report 14 Balance Sheet 15 Statements of Financial Activities 16-20 Notes to the Accounts
WAYOUT WORLDWIDE ARTS FOR YOUTH LTD Company Registration Number. Registered Charfty No. 1123777 ORGANISATIONAL PROFILE For the year ended 04 Aprfl 2024 Nicholas Mcinemy BA Mich1 Chandler Bsc Msc Hazel Chandler MBE MA FRSA John Macartney Ashley Minto Chair Appointed January 1st 2022 Chair Resigned Dember 2021 Company Secretary Registered office: 25 NeqUaY Hou Sancroft Street London SE11 SUN Reglstsred Company Number. (fA982* (England arnl Wales) Reglstered Charity Number. Regiisterod 1123TT7 19th April 21X)8 Independent Examiner. Clarles Osei, Bsc (Hons). MSC. ACIR AFA. ATA, MIPA. MCIPP Flat 3 11 Rcdth Way Deptford Lorxk)n SE8 4LY Approved by order of the LK)ard of trustees on .... on tts beha by: nd signed
WAYOUT WORLDWIDE ARTS FOR YOUTH LTD ACcOUs Company registration Number 06498296 (England and Wales) Charity number 1123777 Trustees Annual Report Start date 0510412023 End dRte 0410412024 UTR 19248 29775
WAYOUT WORLDWIDE ARTS FOR YOUTH LTD Company Infonnation for period ending 4th April 2024 Company Registration Registered Charity Number 06498296 (England and Wales) 1123777 ORGANISATIONAL PROFILE For the year ended 04 April 2024 Trustees Nicholas Mcinerny BA Hazel Chandler MBE MA Ashley Minto Haeeison Coldrny Paul Anthony Pletts Chair-AppKiinted January 1st 2022 Company Secretary Appointed January 2013 ApFK)inted June 2023 Apinted January 2024 Registered Office 25 Newquay House Sancroft Street LL>ndon SEI15UN Company Registration Registered Charity Number 06498296 (England and Wales) 1123777 reg I9104r28 Independent Eyaminer Cl)arles Osei Bsc (HODS), Msc. ACIE44FAATWAMCIPP Flat 3, 1 l Rochdale Way Deptford London SE8 4LY Chair
Trustees Two new trustees appointed Harrison Coldray and Paul Anthony Pletts and Jobn Mccartney stepped down. No member of the Board of Trustees had any bcneficial interest in the company or received any remuneration. Trustees hold three meetings a year and are appointed either infonnally by Tecomrnendation and we have advertised for suitable trustees. WAYout trustees have read the Charities Commission guidelines on public benefit and in accordance with the Charity's aims and the guidelines we make this statemcnt regarding public benefit. Appointment of Trustees We are always looking for new trustees, especially women. Given the focus of work in Sierra Leone, WAYout seeks to diversify it's Board to include Sierra Leonean representation. To date, this has been unsuccessful, though several individuals have been approached and shown interest. Further work is being donc around this. Thc Board has otherwisc been successful in gaining representation in the key focus of work - and some trustees have expcri¢nce of Sierra Leone. All trustees are provided with the Charity Commission's guidance: public benefit: an overview and the essential trustee: what you need to know (CC3) and a summary of what this means for a corporate trustee. Also new members are provided with an induction pack consisting of the governing documents, pr¢vious years trustee's annual reports and accounts, policies and procedures of the Charity to make sure they understand the charity's mission, principles and obligations. All Trustees of the Board give their time voluntarily and received no benefits from the ch&rity. Notably last year, Hazel Chandler was awarded an MBE for her work with WAYout Appointment of Ambassadors Jamic W¢bb of the Joe Strummer Fund and Nathaniel Sesay aka Mash P remain ambassadors. Streel gangster, Fallah Koroma aka Fal Gee is also street ambassador bringing together gangs to work on projects. Auditors WAYout accounts were examined by an independent examiner for the past three years. This year we have appointed the same Independent Examiner, from the ACIE Association of Charity Independent Examiners, Charles Osei." PracticalAccounting Training Li(L Suite 203, 10 Woolwich New Road, LONDON SE18 6AB Bankers Co-operativc Bank P.0. Box 250 Delf House Southway
Skelmersdale WN8 6WT Partners WAYout Sierra L£one 23, Coker Street. old Railway Line Tengbeh Town Freetown Structure? governance and management The company is limited by guarantee, registered as a charity in 2008 and is governed by it's Memorandum and Articles of Association. WAYout changes the lives of street, vulnerable and conflict affected young people through the arts. We offer training and shelter, make films that can effect change and record music that enables the excluded to re-engage . We promote artistic freedom, education and empowernient. WAYout works with partner organisation WAYout Slea Leone supporting and strengthening their ability to deliver eflective projccts and bring change to the lives of disadvantaged young people. WAYout seeks to rais¢ funds from donors, trusts <md individuals This year partners have includ¢d Music Action International, Joe Strummer Foundation, Ballanta Music Academy, Kings College London, Arts Homeless International and Last Night a DJ Saved My Life LNADJ. Organisational Structure To date, the UK-based WAYout Board of Trustees oversees all strategy, financial, fundraising and significant operational decisions. Although WAYout staff in Sierra Leone are increasingly encouraged to take leadership on operational decisions. At present, the WAYout Board consists of four trustees. Ha7.el Chandler, MBF., Secretary for WAYout UK and Dircctor WAYout Sierra Leone, spending approximately 5 or 6 months a year in Slea Leone. WAYout Sierra Leone is managed by Sierra Leonean slaff who have come through WAYout training as members. They are". National Managerlvideo tulor - Mubam¢d S. KaDJara (MSK) r¢placcd Gibrilla Kamara- in October 2023 John Kajokoh - employed since 2013, moved to managing the prison in October 2023 Women's Manager- Susan Kargbo, since December 2018, previously WAYout member Database and systems manager and design tutor - Tejan Bah Studio Producer- Kaikai -employed part time since 2015. Security/General assisiant- Abubakarr Gbla- employed since 2022, previously a member. Several WAYout members receive a stipcnd for teaching guitar, gardening, managing the runners, helping in the prison and organising the poety group.
Patrons Ellen Thomas - Actor Mark Thomas - Comedian and writer Nick Hornby - Writer Frank Turner - Musician Main Activities Those who benefit from WAYout activity are l. the members. The benefits vary from learning skills and gaining employment to developing confidence and being able to reconnect with their family and communlty. We work with some of the most marginalised youth in Sierra Leone who often survive through legal and illegal hustles. And often in gangs. An examination of members (not including those in prison) shows that 68 % of them, after two years at WAYout, have either got jobs or changed their hustle from an illegal to legal one. WA Yout benefits women in the provinces, offering training and independence and to encourage digital inclusion. 2. WA Yout benefits thcir communiti¢s in reducing the number of volatile youth and gangs on the streets who havc no hopc. 60 % of youth in Sierra Leone are still unemployed, a situation lending itself towards Uest which makes our work all the more important as the standard of living is still falling. 3. Those who work in the prisons report prisoncrs taking part in WAYout activities are less troublesome and prisoners gain skills and a sense of a life once they leave prison. 4. Villagers and extended families of the Women's Group benefit due to a reduction in domestic abuse, learning about health and rights and skills learnt. LNADJ also fiu]ded a well and offered farming support to enable the women to have better health and time to make films. 5. The wider public also benefits from the films that we/memb¢rs make. Some are awareness raising and cover issues from maternal health to child abuse, over medication and human rights. These films arc broadcast on National TV, International Film Festivals and online platfonns and reach a wide audience. 6. Outreach screenings have audiences of150-300 people. These films alongside being pure entertainmcnt, give voiceless people media skills which empower them. Music is played on radio and TV and at live shows. I. WAYout provides free and regular training in photoshop, camer4 editing, script writing, desig journalism, poety. dance and music to street, incarcerated and disadvantaged young people. We have an open door policy and no time limit on how long someone can be a member. Courses are certificated and have led to jobs in media and design. We started working in thc male and female Correctional Centres in 2020 and this work continues. We established the Women's Media Group in 2019 in the provinces which is ongoing and we also opened a centre in Kono, an area in the centrc of the confiict with high youth unemployment. We also opened a ccntre in Taiam founded by Nathaniel Sesay (Mash P) and funded by LNADJ and Mixmasters. 2. Musie: the music studio records around six new tracks per week. We also have a mobile studio which travels to the provinces and a small studio in the male Prison. 202 musicians have
recorded in studio l this year. There is now a small studio in Kono. These studios are funded by the Joe Strummer Foundation. LNADJ came over for the second time and producer Steve Mac completed the album 'No Input, No Output, which will be released in February 2025. They found a building in Taiama, Mash P's home town, to open as a studio. Currently it has minimal facilities but LNADJ are planning to equip it. Mash P remains in the UK and perfornied again at Glastonbury. 3. Sports: We have turned one into a fitress room- which means boxing and weights which helps with anger issues in some members. We also have committed runners, two of whom arc in the national team. They are supported by JSF because Joe Strummer was very kecn on Tunning and we have a football team. We have been accepted in the local area and have support from our neighbours. 4. Members: We reached over 6350 membership and gave out 171 certificates for courses this year in Photoshop) video camera, editing? DJing, documentary making, Graffiti, design, photography and set design, poety. 5. Women: W¢ trained more village women in making short films about health and human rights issues. F'our came down to F reetown for intensivc training. We also took visitors there- Jonny and DJ Amber from LNADJ. We L'ontinue to cncouragc women to come in to the W Ayout building but it remains a chall¢nge and numbers fluL'tuate. 6. Film: We continue to get interns in to AYV TV stations and members who become independent videographers. Mohamed Kamarn is still working on a long tern] documentary with Kieran Mitton from University College, a film about the gangs. Staff member Abubakarr Gbla, also known as Bullet, who was himself a gang leader, has been making an observational documentary about gang leader Ratty. A new organisation was launched, a film union, attended by about 100 filmmakers and it was gratifying how many? now professional, filmmakers came up to say thank you for their training and start in life. LNADJ came with a voluntcer film crew who made a stylish, moody film about WA Yout which some will love. However it focuses on those old enough to remember the war and has no lip synch which has thc effect of disempowering people. 7. Prison work: WA Yout continues to work in the women's prison where we do weekly music sessions and poety and drawing classes. Susan and Francess run these sessions. John now focuses on the male prison which we will wind down as there has been no funding for it. Over 200 prisoners take part and give very positive feedback, as do the guards, but we cannot afford it and need to move John on 8. Photography. Few showed an interest in photOaphY outside Nathaniel Sesay and his exhibitions in the UK and USA and Josts Hopps but following Tony Plett's visit far more have been doing photography and Tony has printed 5 books of photos. 9. Graffiti: LNADJ brought with them 3 graffiti artists this time- Inkie, Sen l and Dicko who are well known in their own right. They did some amazing paintings in Freetown, training WAYout members as they did so but it has been hard to continue it. Members Still need support and lack the proper paints.
10, Unity Group & Iron Team: The Unity group is a weekly group of filmmakers and actors, approximately 20 participants, run by staff member and ex gang leader Abubakarr Gbla (Bullet). They are expanding in to Susan's Bay where there is a massive drugs problem. Iron Team: We continue to rnn classes once a week. JSF have funded the building which is an ongoing project. During the week members from there come in to the main office. I l.Pastoral Care: We continue to support members who have been attending regularly for at least six months into homes by providing small grants. 17 rents were paid this year. plus grants to re- unite with family, literacy classes, 2 to do WASSCE cxams plus various medical costs. 12.International Travel" Nathanicl Sesay aka Mash P is still on a Global Talent Visa and is still based in the UK. He has done short courses at Point Blank and played Glastonbury. Three staff travelled this year. Josta Hopps was also leaving WAYout and seeking asylum in the UK. Gibrilla Kamara and Tejan Bah also visited th¢ UK. 13.Visitors: We were visited for the second time by LNADJ in April 2023. Head Jonny Lee came with 3 graffiti artists, 2 DJS and a music producer as well as a film crew. They finished an album 'No Input, No Output, which will be released in February 2025. They tsugyht graffiti art and Djing. The Djingy continues but not the art. Anthony Pear a music producer came in November 2023 and recorded 18 tracks and released an El) Trustces Nicholas and Tony also visited and can make a report. 14.Funders: The Joe Strummer Foundation continued their support and contributed £5,81 O. They also brought in the donation of £2500 from SJM. Frank Turner (£4,803) and Marian Fielding (£7200) continue their regular support. Partners Music Action International still fund the facilitstors trained by them who have continued the work in the prison with a weekly stipend. We have also received a donation of £4,000 towards the rent from Michael Richardson. Last Night a DJ saved My Life, LNADJ, who visited in November 22 and April 23 fund specific projects which this year include rent for the WMG and Taiama, stipend for artists, basic furnishings for Taiami Cmistmas food, sports gear, and a water well for the women in Bondorbu. This is an ongoing relationship. 15,Donations: We received a large donation of electric guitars (80) and electronic drum kits which led to the need for storage. This was a mixed blessing as many turned out lo be not working and I tried to sell som¢ on eBay, which I thought would cover storage and shipping, but they did not sell. Some have been shipped out. We also received a donation of17 acoustic guitars which were useful and shipped. Policy on Grant Making WA Yout does not make grants to other organisations. We make small grants to individual members who have been attending rcgularly for at least six months for homes, reconnecting with family or basic literacy. Home grants are, on averagc, £80 per year. Achievements Against Objectives Set
Overall we have achieved more than the objectives set. We always hoped to get people in to work, reunited with their family and feeling more empowered and confident through being creative and learning something. By engaging marginalised youth through music, writing, design and filmmaking, they not only learn skills but also Cooperatio communication, proposal writing etc without realising they are learning. l. Many youth did not get a proper cducation because of confiict and povety but theTe is a lack of jobs for those with poor literacy or numerical skills. There is little industy and government projects continue to train hairdressers. tailors and car washers. Based on the growth of broadcasters and radio stations, from one TV station, SLBC, in 2007 to 12 broadcasters in 2024 and a similar groThth in radio, media is a growth industy. We are also seeing a phasing out of hand painted signs and adverts therefore there is a greater demand for digital design. We are training people to meet those designs. 2. Our films have reached a broader audience than anticipated mainly because they are of good quality and broadcasters are hungry for content.The community screenings are very successful whether in the city or provinL'es and a considcrable number get in to international film festivals. 3. It is much harder to turn music into a career but Sierra Leone is seeing a resurgence of traditional music influences creating some new sounds and generating more interest in music produced. Producer Steve Mac, s recordings are House influenced and create an exciting sound when mixed with traditional sounds. The JSF album ' Sounds of Salone, promotes some more traditional sounds. Those doing music learn to work with others and to be responsible and timely. Producer 4. Diversity: We endeavour to increase the number of female members but it remains difficult. Little has changed in the attitude to women and women's own expectations of their own lives. Having said that, the WMG in the provinces report great changes in their own lives and are now motivated to change from farnling to media and, despite not being literate, have shown dedication to learning compuler skills and filmmaking techniques. We reach out to members of the LGB TI community which is more difficult due to stigma and abuse but we have minimised that at WAYout. 5. Our work in the prison has encouraged engagement and given hope. We are the only forn) of rehabilitation in the male prison, with over l 000 incarcerated, guards report those who take part are calmer and more hopeful. We hoped participants would come in to WAYout when released but this sin't happening. We continue to hold a session on Wednesday of dance and rap cyphers which are attended by l 00-200 inmates. 6. WAYout staff have come up through WAYout. Josta Hopps has Icft to seek his fortune in the UK. Manager Gibrilla Kamara has resied and been replaced by Mohamed Kamara who is a strong leader with a great understanding of street youth having lived on the streets for many years himself. 7. We have reached into very remote places starting workshops for women on the margins of society where wc would not expect there to be inlerest but we are asked to run media groups. We hope to open more women's centres. We have opened in Kono on the Guinean border, in the centre
of the confiict and the Diamond Mini are& Also in Taiama, a small town with very high unemployment rate and nothing for youth to do except sand mining. Performance of fundraising It remains very hard to raise core fijnding. We have had a smaller income this year. We have not had any specific project funding. Funding from LNADJ and MAI covered costs of specific projects. Otherwise it has been crowd funders or private donations. Our major private funders rcmain Marian Fielding and Frank Turner with the Joe strun¢[ Foundation fmding small monies for us. Investments WAYout has no financial investments Reserves Policy Our reserves policy states that the unrestricted funds should be 3 months of the expenditure as Iong as no debts are being incurred as now. WAYout still operates on a largely cash basis. Goods and services are paid for when incurred. We have no debts. for current expenditure, running costs and statting costs, 3 months outgoings is approximatcly £6,000. Wc currently have a monthly incomc of regular donations of £680 which covers salaries. Rent is paid annually in Junc. Investment Policy We do not have an investment policy and not planning any inv¢stments. There are no funds held as custodian or on behalf of others. Spending. £4,618 was spent on equipment. This was a mix of replacing old and damaged equipment and batteries, chargers and drives. We took on a larger storage unit which cost £1.746 because we received large donations of musical instrumcnts. Our costs for online services have gone up a lot. We now upload all tracks to Soundcloud where they are safe. We are registered with skillset which we use a lot and would use more if we ever have good internet. Internet costs, Adobe for photoshop and premiere pro. mail chimp, wcbsil¢ etu. LNADJ talk of funding Star Link for us which would be great but not cheaper. They would fund installation but not ongoing costs. Our total spend on Sierra Leone this year was £54,717. The exchange rate favours the pound more this year at a rate of 28 new le to £1. £6,096 was spent on core staff which includes six full time staff at the start of the year and two security guards. £3209 on Freelance staff includes studio producers, gardener, prison support, poetry group leader. We still used Moneygram a lot for money transfer but bank transfers seem to be working better at the end of the year. Opening an acLount with one of the bigger, international banks, still depends on being a member of SLANGO and that costs £3,000 a year. The dircLtor, HC, always travels with cash. Spending in Sicrra Leone is entircly in cash. Nobody take8 cards or cheques except a few expcnsive beach hotels. We still send relatively small amounts out weekly as this remains the best way to keep track of funds and ensure they arc spent where intcnded. 10
There are no funds or assets held for others Risks Facing Charity l. The main risk is closure due to lack of fimding. We do not incur debts either in the UK or Sierra Leone and have no over(Iraft facility or credit cards. With the minimal ongoing support we could keep a skeleton ship running. But funding is the major concern. 2. Due to the nature of our mcmbers, many gang members and people with mental health issues, there is always a risk of fighting, illegal substances on the premises, StigatISatioll or abuse and theft. When working with people with little or no education or understanding of the world, who often come from lives where comiption is commonplace there is always the risk of accusation. For example that the charity is making money from them, promised outcomes that it fails to deliver or is behaving unfairly. We have a very strict no violence, dnjgs, weapons or abuse rule and members are suspended if they break this rule. Generally knowing that will happen is enough to prevent argument but sometimes people get temporarily suspended. And thefts do happen opportunistically but are suryrisingly infrequent. 3. Risks to international visitors. there is always the danger that something will happcn to someone visiting WA Yout, illness, accidcnt or theft. We have a risk assessment for visitors which they sign and we provide security when they go with us in to the areas we work in. They are also advised on appropriate behaviour, 4. Staff/member visits to the UK: We have learnt a lot from Mash P's visit. Despite the amount of money raised Mash is still without an income or any long tern] prospects. Opportunities like Glastonbury and touring with Frank Turner do not bring in money or, so far, prospects. He feels like he belongs nowhere and we would not want this situation again. On the other hand, we would not want to block opportunity. Staff members GK and TB visited the UK to attend training courses. 5. Equipment is constantly at crisis point and we must find new donors next year. No sooner do we replace a computer another dies. We need laptops for the mobile studio and DJS and more imacs and cameras. Plans for Future Periods WAYout plans to continue the activities outlined above, including the studio and outreach activities, in the forthcoming years, subject to satisfactory funding arrangements. We will develop media groups with women in the provinces building on the WMG work. The tron Team building is almost complete, JSF funding, and we would like to equip it. Additional plans are being made to further build partnerships, strengthen our relationship with Ballanta Music Academy and build the relationship with JSF and LNADJ. Responsibilities of the Members The Board of Trustees are rcquired to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the Chitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the Board should follow best practice 11
select suitable accounting policies and then apply them consistently" make judgements and estimates that are reasonable and prudent. and The Board is also responsiblc for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime in accordance with the Financial Reporting Standard for Smaller Entities (effective 2(K)8). The financial statements were approved by the Board of Directors at the Annual General Meeting on Prepared by Hazel Chandler Secretaryrfrustee 12
WAYOUT WORLDWIDE ARTS FOR YOUTH LTD Company Registration Number: 06498296 Registered Charity No. 1123777 Independent Examinerfs report on the financial statements To the trustees of Wayout Worldwide Arts For Youth Ltd I reFX)rt on the financial statements for the year ended 04 April 2024 set out on pages 14 - 20. This report is made solely to the Trustees of Wayout Worlwide arts for Youth Ltd, as a body, in in accordan with regulations made under section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the Trustees matters l am required to state to them in an Independent Examinels 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 charity's trustees for my independent examination work, for this report. or for the statement I have given below. Respectlve responslbllltles of Trustees and Independent examiner As Charity trustees for the purposes of charity law, are responsible for the preparation of the financial statements. The Trustees consider that 8n audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the Charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to: a) 8X8mine the accounts under section 145 of the 2011 Act,. b) follow the procedures laid down in the general Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act. and c) state whether particular matters have come to my attention. Basls of Independent examlner's statement My examination was Carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity, and comparison of the accounts presented with those record8. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit, and consequently no opinion is given as to whether the accounts present a'true and fair view, and the report is limrted to thosè matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention.. 1) which gives me reasonable cause to believe that in any material respect the requirements a) to keep accounting records in accordance with Section 130 of the Charities Act; and b) to prepare accounts which accord Wbth the accounting records, comply with the accounting requirements of the Charities Ad have not been met; or 2) to which, in my opinion, attention should be drawn in orderto enable a proper understanding of the accounts to be aChed. o+ IC)2 S Charles Osei, Bsc (Hons), Msc, AFA, ATA, ACIE, MCIPP Flat 3, 11 Rochdale Way Deptft)rd SE8 4LY 13
WAYOLrr WORLDWIDE ARTS FOR Yoiml LTD Company R•gi8tratlon Numtw. RegISter Charity No. 11237n BALANCE SHEEr AS AT 04 APRIL 2024 Flxod Assets Tangible Assets Investments 17,100 14.424 Gurrgnt As30ts Cash at bank aNI in hand 11.IX Creditors.. Amount due within One Year (1.¢XM)) (1.(K()) Net Current Assets Total Assgts less Current Liabifrtie8 17.184 24,430 Not Assets 17,184 General Funds Restricted Funds 15.CM)51 22,189 2,873 21.557 Total Funds 17.184 24A30 The charitable company is enttded to exempts from wjit Sedion 477 of ts C(xnpans ACÉ 20C6 foi the year ended 04 P4)nl 2024. The member5 have not required the company to obtsin an audit of rts finanala Ststents for t year ended 04 April 2018 in acc[dan with Sedion 476 of the Companies 20. The trustees acknowledge théir responsibiliiEs for la) ensuring that charitable company keeps acc4)untsng retths that compty ryth Sections 386 and 387 of the Companies Act 2ct6 arKI preparing finanryal stat8merts which vknith give a true a3 fair of the stats of affairn of the tharitable Djnpany as at the eThJ of each financaal year and of tts surplus or deficti for the eath firtancila year in arxxlrdan with the requirnents of Sections 394 and 395 arml otherw (x)mpty wth the uiremeTrts of the Companies Act 2C(6 relab'ry to financ3al stat[. so far a5 appli(¥ble to the aritable company. (b) These finanaal statements have been prepar1 in a(x£Ia wtth the spE(iai of Part 15 of the Companies Act 20[ relab.ng to Charitab smdl companEs Approved by the Board of Tn on .. 112a25 and stgned on their behalf by. l ? h4SL- Nich as Mcinemy BA Chair- Trustee I Chandler 14
WAYOUT WORLDWIDE ARTS FOR YOUTH LTD Company Reglstration Number. 06498296 Reglstered Charlty No. 1123777 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 04 APRIL 2024 2023124 Total Funds 2022123 Total Funds Unrestrfcted Funds Restrlcted Funds Notes Resources Arfslng Income from Charitable Activities 40,011 19,096 59,107 86,253 other Income Totsl Income 40,011 19,096 59,107 86,253 Direct Charltsble Expendfture 47,889 18.464 66,353 78,428 Total Expendlture 47,889 18,464 66,353 78,428 Resources retslned for further use (7,878) 632 (7,246) 7,825 Transfer between Funds Net Movomont In Funds {7,878 632 (7,246 7,826 Reconclllatlons of Funds Brought forward 2,873 21,557 24,430 16,605 0510412023 Carrled forward 5,006 22,189 24,430 0410412024 15
WAYOUT WORLDWIDE ARTS FOR YOUTH LTD Company Registration Number: 06498296 Registered Charity No. 1123777 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 04 APRIL 2024 1. Accounting Policies Basis of Proparation. These accounts have been prepared on an accrual basis and include income and expenditure as they are earned or incurred, rather than as cash received or paid. Reference to the "Charities SORP" refers to the Charites 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. 2nd edition effective 1 January 2019, and in accordance with the Companies Act 2006. la. Income All income is recgnised once the Charity has entitllement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not explended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advan of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Income tax recoverable in relation to donations received under Gift Aid or deads of covenant is recognised at the time of the donats'on. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 1b. Expendlture Expenditure is recognised once there is a legal or consrtructive obligation to transfer ecenomic benefit to a third party, it is posslble that a transfer of economic benefits will be required in settlement ar)d the amount of the obligation can be measured reliably. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irCOVerable VAT. 1c. Government grants Government grants are credited to the Statement of financial activities as the related expenditure is incurred. 1d. Fund accounting Unrestricted Funds are receivable or generated for the objects of the charity without further specified purpose and are available as general funds. Restricted Funds are subjected to restrictions on their expenditure imposed by the donor. Designated Funds are unrestricted funds but earmarked by the trustees for particular purposes. 16
WAYOUT WORLDWIDE ARTS FOR YOUTH LTD Company Reglstration Number: 06498296 Registered Charity No. 1123777 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 04 APRIL 2024 le. Taxation The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of trhe Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the exztent that such income or gains are applied exclusively to charitable purposes. 1f. Debtors Trade and other debtors are rcognised at the settlement amount. Prepayments are valued at amount prepaid. lg. Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short matuity of three months or less from the date of acquisition or openinig of the deposit or similar account. 1h. Llabllltles and provlslons Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 11. Financlal In8trument8 The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the excception of bank loans which are susequently measured at amortised cost using the effective interest method. 1J. Critical accountlng estlmates and areas of judgement Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Charity does not currently have any significant accounting estimates or areas of judgement 1 k. Tanglble Flxed Assets Tangible Fixed Assets include the machines and cameras in Sierra Leone donated or purchased for use by WAYout students. Depreciation is provided at the following annual rate in order to write off the assets over estimated useful life. Plant and Machinery straight line over four years 17
WAYOUT WORLDWIDE ARTS FOR YOUTH LTD Company Roglstrdtion Number: 06498296 Regl8terod Charlty No. 1123777 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 04 APRIL 2024 2. Tan Ible Assets Plant & Machinery Cost As at 5 April 2023 Additions As at 4 April 2024 25,943 5,176 31,119 Depreclatlon AS at 5 April 2023 Provided during the period As at 4 April 2024 11,519 2,500 14,019 Net Book Value As at 4 April 2024 17,100 As at 4 April 2023 14.424 3 Credltorn 2022123 2022123 Amounts Duo wlthln One Yoar Accruals 1,000 1,000 4 Incomlng Ro•our¢o• 2024 Unrostrlctod 2024 Re•trl¢ted 2024 Totsl 2023 Total Cr¢)wd funding Marian Fielding Judrth Samuel Frank TurnerlLost Evenings Mercers Small donath'ons B6névity Lush S.J.M Regular monthly donations Michael Richardson Music Action International Joe Strummer Foundalion LNADJ Street Child Filming jobs ETAT Union Chapel Gift Aid other Refunds 10,339 7,200 1,200 4,803 10,339 7,200 1.200 4.803 14,934 13.600 2,557 4,826 2,386 2,388 1,573 1,500 2,500 573 2,600 573 4,000 1,530 4,000 3,864 2,615 22,977 5,105 1,2CKJ 400 6,089 930 565 86,253 5,810 5,810 11,432 11,432 336 40,011 336 59.107 Total 19,096 18
WAYOUT WORLDWIDE ARTS FOR YOUTH LTD Company Reglstration Number: 06498296 Registered Charity No. 1123777 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 04 APRIL 2024 5 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 61 Support Costs Isee note 6) Total Charltable Activities 18,464 66,353 6 Resources Expended 2024 Unrestrlcted 2024 R88trlcted 2024 Total 2023 Total Security Guards Salaries Kono Members, support food. Projects Rent and Building Work LNADJ Project MAI Project Women's Media Group Grants, homes Project Nathaniel Seeay aka MashP Music Producer, Freetown and Kono Power Office, Kono and WMG Building, sound proofing Ferry Junction Unity Group weekly food at meeting Transport - Town I Province Members Assistance Equipment repairs Telephone Poets -Performances, Competition Staionery Grants expenses Filmaking, Painting,Music Activities Promotion -radio, TV, Pop up Cinema Car repairs Food Mobile Studio Patrol and Power Stipends -Gardeners, Teachers NASSIT Sports- runners, football Performance and Outreach Governan Marketing and Promotion Travel HC inc JH Bank charges Memberships Totals 840 5,256 428 561 400 1,450 8,480 3,826 2,130 8,231 4,305 2,615 4,052 750 5,161 2,385 1,873 2,395 965 333 643 576 660 540 678 419 470 930 595 780 2,065 660 990 644 491 450 850 1,320 5,534 138 1,042 69,486 5,256 428 561 4,400 11,200 3,264 571 2,317 358 2,346 1,026 1,440 781 339 660 4,000 11,200 3,264 571 2,317 358 2,346 1,026 1,440 781 339 660 199 221 199 221 898 455 898 455 1,514 1,514 863 3,200 321 897 1,013 1,216 7,269 451 863 3,200 321 897 1,013 1,216 7,269 451 35,840 18,464 54,304 19
WAYOUT WORLDWIDE ARTS FOR YOUTH LTD Company Registratlon Number: 06498296 Registered Charlty No. 1123777 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 04 APRIL 2024 CHARITABLE ACTIVITIES COSTS 6 Re8ource8 Expended (contd) 2024 Unr88tricted 2024 Restricted 2024 Total 2023 Totsl Sub -total gxpendlturo 35,840 18,464 $4,304 69,486 UK running costs and Communication Other Online training Depreciation Shipping Iron Team Ferry Junction Staff travel, visa, passport Comms telephone credit internet Dancers Christmas do Pets -cat and dog Other ex enses -Pe Total Ex enditure 3,960 403 758 1,942 650 800 391 876 425 350 220 1,274 47,889 3,960 403 758 1,942 650 800 391 876 425 350 220 1,274 66,353 1,471 985 6,486 cash 18,464 78,428 20