2022-03-31-accounts

	Page
Reference and Administrative Details
Report ofthe Trustees
Statement ofTrustees' Responsibilities
Report ofthe Independent Auditors
Statement ofFinancial Activities	12
Balance Sheet	13
Cash Flow Statement	14
Notes to the Cash Flow Statement	15
Notes tothe Financial Statements	16
Detailed Statement ofFinancial Activities	28

TRUSTEES	JGough
	D RBernard (resigned 14.4.21)
	KRManoing {resigned S.6.22)
	AJWolverson {resigned 6.9.22)
	Mrs EBennett (resigned 6.9.22)
	Mrs P K Brigue
	Mrs ABenjamin
	Mrs M Howell (resigned 29.11.22)
	Mrs KCGrtf5ths (appointed 24.9.21)
	Mrs LJ Bashford (appointed 27.4.22)
	1Budd (appointed 12.9.22) BFletcher (appointed 1.2.22) (resigned 29.11.22)
	Mrs JHaydon (appointed 7.6.22)
	TDLongmore (appointed 6.9.22)
	TMnnm (appointed 6.9.22)
	Miss CLKSwill {appointed 22.3.22)
COMPANY SECRETARY	Mrs M Howell
REGISTEREDOFFICE	The Way
	School Street
	Wolverbampton
	West Midlands
	WV3 ONR
REGISTERED COMPANY	08341220(England and Wales)
NUMBER
REGISTEREDCHAITY	1151247
NUMBER
INDEPENDENT AUDITORS	Lancaster Haskins Limited
	Granville House
	2Tettenhall Road
	Wolverhampton
	West Midlands
	WV14SB
	Barclays Bank Plc
	Birmingham Kings Heath
	Leicester
	Leicestershire
	LE872BB

Our mission
To invest in young people, aged 8-18,through safe, state ofthe art facilities, dedicated staff and quality, fun We will engage with young people on a voluntary basis, supporting them to thrive, make positive decisions; growth and resilience for the future. Always putting young people first.	activities. creating
Our values
TOGETHER We are committed to building positive, inclusive relationships with all. Individuals are
HONEST respected and celebrated within The Way community. We are open and sincere. We act with integrity and transparency aud are accountable for	our
words and actions.
ENERGETIC We approach all we do with a'can-do' attitude. We are positive, dynamic, and flexible and
WELCOMING always give our best for Wolverhampton's young people. We create asafe, positive, and supportive atmosphere for all. We care forpeople and are passionate in all we do.
ASPIRATIONAL YOUTH-LED We are constantly evolving and always seek to improve. We grow, pmgress, and develop organisation and as individuals. We lead by example and inspire others. We are needs-led and young person focused throughout our work.	as an

STRATEGICREPORT Financial review
Finandal position
A summary ofthe income	and expenditure	is	as follows:	2022	2021
Total income				717,910	1,508,419
Total expenditure (excluding depreciation		charges)		(896,818)	(992,977)
Net income/(expenditure)	before depreciation		charges	(178,908)	515,442
Depreciation charges				(128,034)	(124,148)
Net income/(expenditure)	forthe year			(306,942)	391,294

				31.3.22	31.3.21
		Vnrestricted	Restricted	Total	Total
		funds	fund	funds	fimds
	Notes	f.
INCOME AND ENDOWMENTS FROM
Donations and letpmies	2	441,003	202,057	643,060	1,505,434
Charitable achvities
Membership fees Session fees Catering income		7,725 16/48 7,732		7,725 16,248 7,732	480 1,743 62
Other trading activities	3	43,145		43,145	700
Total		515,853	202,057	717,910	1,508,419
EXPENDITURE ON
Raising funds	5	14,139	11,418	25,557	55,173
Charitable activities	6
ABcharitable activities		848,023	151472	999495	1,061,952
Total		862,162	162,690	1,024,852	1,117,125
NET INCOME/(EXPENDITURE)		(346,309)	39,367	(306,942)	391,294
RECONCILIATION OFFUNDS
Total funds brought forward		5,162,606	46,524	5309,130	4,817,836
TOTAL FUNIXS CARRIED FORWARD		4,816,297	85,891	4,902,188	5,209,130
CONTINUING OPERATIONS
The above results are derived &om conunuing	operations.

				31.3.22	31.3.21
		Unrestricted	Restricted	Total	Total
		funds	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets	12	4,514,796		4,514,796	4,639,341
CURRENT ASSETS
Stocks Debtors Cash at bank and in hand	13 14	104,078 274,454	85,891	104,078 360,345	1,140 93,996 607,808
		378,532	85,891	464,423	702,944
CREDITORS Amounts falling due within one year	15	(77,031)		(77,031)	(133,155)
NET CURRENT ASSETS		301,501	85,891	387392	569,789
TOTAL ASSETSLESS CURRENT LIASILITIES		4,816397	85,891	4,902,188	5409,130
NKT ASSETS		4,816,297	85,891	4,902,188	5,209,130
FUNDS Unrestricted funds Restricted funds	16			4,816,297 85,891	5,162,606 46,524
TOTAL FUNDS				4.902,188	5,209,130

				31.3.22	31.3.21
			Notes
Cash flows from operating activities
Cash generated &om operations			1	(243,974)	437,705
Net cash (used in)/provided	by operating		activifies	(243,974)	437,705
Cash flows from investing	activities
Purchase oftangible fixed	assets			(3,489)	(49,701)
Net cash used in investing	activities			(3,489)	(49,701)
Change in cash and cash	equivalents	in
the reporting period				(247,463)	388,004
Cash and cash equivalents	at the
beginning ofthe reporting	period			607,808	219,804
Cash and cash equivalents	at the end	of
the reporting period				360,345	607,808

RECONCILIATION OFNET (EXPENDITURE)/INCOME OPERATINGA~S	RECONCILIATION OFNET (EXPENDITURE)/INCOME OPERATINGA~S	TO NKT CASH FLOW FROM 31.322	31.3.21
Net (expenditure)/income for the reporting Statement ofFinancial Activities)	period (as per the (306,942)		391,294
Adjustments for: Depreciation charges Decrease in stocks		128,034 1,140	124,148 204
Increase in debtors Decrease io creditors		(10,082) (56,124)	(36,324) (41,617)
Net cash (used in)/provided by operations		(243,974)	437,705

ANALYSIS OF CHANGES IN NET FUND	S
	At 1.4.21	Cash flow	At313.22 I
Net cash Cash at bank and in hand	607,808	(247,463)	360,345
	607,808	(247,463)	360,345
Total	607,808	(247,463)	360,345

INCOME	FROM	CHARI	TABLEACTIVITIES
				31.3.22	31.3.21
Opelatlolls Opemtions Operations	ofThe ofThe ofThe	Way Way Way	Activity Membership fees Session Res Catering income	f 7,725 16,248 7,732	480 1,743 62
				31,705	2,285

				Support
			Direct	costs (see
			Costs f	note 7) f	Totals
All	charitable	activities	835,534	163,761	999,295

SUPPORT C	OSTS
			Governance
		Other	costs	Totals
		f		f,
All charitable	activities	100,465	63,296	163,761

Support costs, included	in the above, are as follows:
		31.322	31.3.21
		All
		charitable	Total
		acnvltles	activities
Wages Premises costs Licenses Travel expenses IT Postage and stationery Sundries Recruitment DBSchecks Stafftraining Marketing Governance costs Bad debts Bank charges Professional fees		18,768 4,187 ]2,235 1,454 12,535 18,301 29,900 322 245 2,518 12,000 1,646 49,650	60,825 15,335 4,245 635 2,149 15,008 12,976 6,480 2,351 24,077 7,748 9,600 4,674 1,574 44,070
		163,761	211,747
NET INCOME/(EXPENDITURE)
Net income/(expenditure)	is stated alter charging/(crediting):
		31.3.22	31.3.21
Govemanee costs Depreciation - owned assets		12,000 128,034	9,600 124,148

Staffcostswereasfo	llows:
			31.3.22	31.3.21
Wages and salaries Social security costs Other pension costs			484,584 25,340 27,636	567,764 29,132 34,020
			537,560	630,916
The average monthly	number ofemployees	during the year was as follows:
			31.3.22	31.3.21
Raising funds Charintbte activities			1 35	2 43
			36	45

ey g (including pension contributions aud including social security costs) of the key m Charity for tbe year totalled f49337(2021:f54,065).	ey g (including pension contributions aud including social security costs) of the key m Charity for tbe year totalled f49337(2021:f54,065).	anagement per	sonnel of the
COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES Unrestricted		Restricted	Total
	funds	fund	funds
	f,
INCOME ANls ENDOWMENTS FROM Donations and legacies	634,837	870,597	1,505,434
Charitable activities Membership fees Session fees Catering income	480 1,743 62		480 1,743 62
Other trading activities	700
Total	637,822	870,597	1,508,419
KXPENIHTURE ON Raising funds	30,524	24,649	55,173
Charitable activities ABcharitable activities	228,727	833,225	1,061,952
Total	259,251	857,874	1,117,125
NET INCOME	378,571	12,723	391,294

11.	COMPARATIVES FOR THK STATEMENT OFFINANCIAL ACTIVffIKS	COMPARATIVES FOR THK STATEMENT OFFINANCIAL ACTIVffIKS	COMPARATIVES FOR THK STATEMENT OFFINANCIAL ACTIVffIKS	-continued
			Unrestricted	Restricted	Total
			funds	fund	funds
	RECONCILIATION	OFFUNDS
	Total funds brought	forward	4,784,035	33,801	4,817,836
	TOTAL FUiii1)SCARRIED FORWARD		5,162,606	46,524	5,209,130
12.	TANGIBLE FIXED	ASSETS
				Fixtures
			Long	and
			leasehold	fittings	Totals
	COST
	At I April 2021 Additions		5,084,603	239,787 3,489	5,324,390 3,489
	At 31March 2022		5,084,603	243,276	5,327,879
	DEPRECIATION
	At I April 2021 Charge for year		519,140 101,692	165,909 26,342	685,049 128,034
	At 31March 2022		620,832	192,251	813,083
	NKT BOOKVALUE
	At 31 March 2022		4,463,771	51,025	4,514,796
	At 31March 2021		4,565,463	73,878	4,639,341
13.	STOCKS
				31.3.22	313.21
				f.	f.
	Finished goods				1,140

DEBTORS:AMOUNTSFALLING DUE WITHIN ONE YEAR
	31.3.22	31.3.21
Trade debtors	83,838	1,192
Other debtors Prepayments	1,952 18488	2,810 89,994
	104,078	93,996
All balances shown above are due within one year.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	31.3.22	31.321
Trade creditors	55,048	88,148
Social security and other notes Other creditors	6,576 1,842	8,406 2,291
Deferred income		19,161
Accrued expels	13,565	15,149
	77,031	133,155
DEFERRED INCOME	31.3.22	31.3.21
Balance brought forward Amount released to income in the year Amount deferred during the year	19,161 (19,161)	117,872 (117,872) 19,161
Balance carried forward		19,161

MOVEME	NT IN FUNDS
			Net
			movement	At
		At 1.4.21	in funds	31.3.22
			f
Unrestricted funds
Unrestricted Designated	funds funds	597,143 4,565,463	(244,617) (101,692)	352,526 4,463,771
		5,162,606	(346,309)	4,816,297
Restricted funds Restricted ftmds		46,524	39,367	85,891
TOTALF	UNDS	5,209,130	(306,942)	4,902,188

			Incoming	Resources	Movement
			resources	expended	in fund
Unrestricted funds
Unrestricted funds			515,853	(760,470)	(244,617)
Designated funds				(101,692)	(101,692)
Restricted funds			515,853	(862,162)	(346,309)
Restricted funds			202,057	(162,690)	39,367
TOTAL FUNDS			717,910	(1,024,852)	(306,942)
Comparatives for nmvement		in funds
				Net
				movement	At
			At 1.4.20 f	in funds f	31.3.21
Unrestricted funds
Unrestricted funds			116,880	480+63	597,143
Designated funds			4,667,155	(101,692)	4,565,463
Restricted funds			4,784,035	378,571	5,162,606
Restricted funds			33,801	12,723	46,524
TOTAL FUfiBS			4,817,836	391,294	5,209,130
Comparative net movement	in	funds, included	in the above are ss follows:
			Incoming	Resources	Movement
			resources	expended f	in funds
Unrestricted funds
Unrestricted funds			637,822	(157,559)	480,263
Designated funds				(101,692)	(101,692)
Restricted funds			637,822	(259,251)	378,571
Restricted funds			870,597	(857,874)	12,723
TOTAL FL&i3)S			1,508,419	(1,117,125)	391,294

		As at 1				As at 31
MOVEMENT IN FUNDS		April 2021	Income	Expenditure	Transfers	March 2022
Unrestricted funds General fimds- all fimds Designated funds - building	project	597,143 4,565,463	515,853	(760,470) (101,692)		352,526 4,463,771
		5,162,606	515,853	(862,162)		4,816,297
Restricted funds BBCChildren inNeed Youth Endowment Fund Meotoriug Awards forAll Council Holiday Club Council —HAF		(4430) 2,345 44,671 3,738	54,852 100,000 4,832 34,783	(45,903) (115,197)		4,719 2,345 29,474 3,738 4,832 34,783
BiteSize Pieces			500	(500)
lob Retention Scheme			1,090	(1,090)
D'oyly Carte Trust- Music/Arts pmjact			3,000			3,000
The Roger &Douglas Turner Charitable Trust			3,000			3,000
		46,524	202,057	(162,690)		85,891
		Asst 1				As at 31
MOVEMENT Ilv FU7viiS- PRIOR YEAR		April 2020	Income	Expenditure	Transfers	March 2021
Unrestricted funds General funds- all funds Designated fimds - building	project	116,881 4,667,155	637,822	(157,560) (101,692)		597,143 4,565,463
		4,784,036	637,822	(259,252)		5,162,606
Restricted funds BBCChildren in Necxl		(1,921)	23,895	(26,204)		(4430)
Football Foundation			9,248	(9,248)
Youth Investment Mentoring Awards forAll		9,134 23,584 3,738	41,334 120,000	(50,468) (98,913)		44,671 3,738
Council Holiday Club Sensory Room Outreach - Council Project Youth Endowment Fund		{1,039) 304	8,302 10,439 50,000	{8,302) (9,400) (304) (47,655)		2,345
George Henry Collins National Lottery Onside CMC			1,000 236,516 115,000	(1,000) (236,516) (115,000)
SMFCMC			100,000	(100,000)
lob Retention Scheme			154,863	(154,863)
		33,800	870,597	(857,873)		46,254

			31.3.22	31.3.21
	Unrestricted	Restricted	Total	Total
	funds f	funds	funds f	funds
INCOME AND ENDOWMENTS
Donations and legacies
Donations GIIIaid Grants	162,330 54 278,619	202,057	162,330 54 480,676	217,549 30,500 1,257,385
	441,003	202,057	643,060	1,505,434
Other trading activities
Fundraising events Room hire	288 42,857		288 42,857	20 680
	43,145		43,145	700
Charitable activities
Operations ofThe Way	31,705		31,705	2385
Total incoming resources	515,853	202,057	717,910	1,508,419
EXPENDITURE
Raising donations and legacies
Wages and salaries	14,139	11,418	25,557	55,173
Charitable activities
Wages and salaries Youth Project Delivery Expense Travel expenses Premises costs IT Catering Onside Youth Zone Services Depreciation oftangible Sxed assets	396,992 26,009 962 93,777 8,239 25,793 21,000 128,034	124,852 4,233 98 4,720 825	521,844 30342 1,060 98,497 8439 26,618 21,000 128,034	514,918 84,047 1,710 86,901 12,177 13,554 12,750 124,148
	700,806	134,728	835,534	850,205
Support costs
Other
Wages Premises costs Licenses Travel expenses Cerned forward	17,935 3,719 12,235 33,889	833 46S 1,301	18,768 4,187 12,235 35,190	60,825 15,335 4,245 635 81,040

			31.3.22	31.3.21
	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
			g
Other Brought forward 1T Postage and stationery Sundries Recruitment DBSclmcks Statftraining Marketing	33,889 1,454 6,267 17,887 29,900 322 245	1301 6,268 414 2,518	35,190 1,454 12,535 18,301 29,900 322 245 2,518	81,040 2,149 15,008 12,976 6,480 2,351 24,077 7,748
	89,964	10,501	100,465	151,829
Governance costs Goverrmnce costs Baddebts Bank charges Professional fees	6,780 823 49,650	5,220 823	12,000 1,646 49,650	9,600 4,674 1,574 44,070
	57,253	6,043	63,296	59,918
Total resomces expended	862,162	162,690	1,024,852	1,117,125
Net income	(346,309)	39,367	(306,942)	391,294