||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|