NEW WAY Project Registered Charitable Incorporated Organisation Report and Accountsfor the 12 months ended 31st Morch 2025 10,000 £ 10,000 Mercers Trust 32,861 £ 32,861 37,583 £ 37,583 Nationwide- Newdawn project manager LBN Ment31 Trauma Informed Grant 7.452 É 7,452 8,130 £ 8.130 LBN People Powered Places 9,361 £ 9,361 9,361 £ 9,361 National Lottery C05t of Living Fund Draper trust st8gec03ch King Charles 111 Coronation fund Lloyds Bank Foundation Arnold Clark foundation 35,991 £ 35,991 20,000 £ soo £ 20,000 500 9,977 £ 9,977 300 300 25.000 £ 25,CKX) 1,500 1,500 LBN Quit smoking 4,000 £ 4.000 HMRC Employment allow3ncÈ 5,000 5.000 4,925 4.925 6,800 £ 116.699 £ 123,499 29.925 £ 134,517 £ 164.442 Note on Government and Local Authority income Grants.. s,000 £ 23,361 £ 28.361 £ 4,925 £ 68,482 £ 73,407 NEWway Projert Flnanclal Accounts for the year ended 31 March 2025. Notes to the atcounts: 3 Income from Char¥table Activities 2024125 2023124 Unrèstrictèd Fund5 Restritted Funds Tot81 Funds Vnre5tricted Funds Rest￿cted Funds Total Funds 2022123 Housing benefit 9,599 £ 9.599 14.979 £ £ 14,979 CGL INEWd3y services) 26,843 £ 222,989 £ 249,832 249,928 £ 249,928 Other con5uFtancy and training 36,442 £ 222,989 £ 259,431 14.979 £ 249,928 £ 264,907 4 Staff Costs and numbers 2024125 2023124 Staff tosts wÉrÈ as follows Salaries and wa8e5 Social security 277,042 218,219 26,961 19,761 pe￿510￿ 6,618 4,552 Total 310,621 242,532 No empolyee received remuneration ol more than £60,00012024'. nil) The avorage number of Èrnployees during the yÈar was as follows 2024125 ee5 wrE 2023124 es WTE Projert5 Delivery Project Administr3tion io li 12 The charity does not operate its own pension scheme but makes contributions into its employees, defined contributions pension plans through auto-enrolmÈnt. No contribution5 were ovtstandlng ot the year end. 5 Trustee remuneratlon and expenses No Trustee received any remuneration durlng the year12024'. nill. No trustees were reimbursed travel or subsistence expense$12024'. nlll Trustee, Jonny Adams, who resigned on Ilth lune 2024, is a beneficial owner of NewLife Collective Ltd which received £19,363 for delivery of workshops and other training and support for Newway clients.12024.. E17,0821 Other than Mr Adams, no Trustee or other person related to the charity had any personal interest in any contract or tr3nsaction entered into by the ch3rity during the year12024'. nil) Pw15 NEWway Project Financial Accounts for the year ended 31 March 2025. Notes to the atcounts Icontinuedl 6 Restritted Funds The Income funds of the charity include restritted funds comprising the following unexpended b3lance5 of donations and grants held on trust for specific purposes This period Ba13nce as aioi Incoming Resources for year Resources Ekpended Balanty as ai 315t March 2025 Housingjustice 18,478 20,(X)O 30,923 7,5SS 18N People Powered Places 5,336 9,361 14,697 DraperTru5t 20.WO 5,537 14,463 Kin8 Chades 111 Coronatlon Fund 9.977 9,977 St4geco4ch 500 soo The Merters'Tvust 23,084 32,861 30,233 25,712 CGL INEWday service51 79,944 222,989 295,550 7,383 Albert Hunt 10,000 10,000 L8N Quit Smoking 4,000 4,000 LBN Newham Communlty Hr*t Meals ltt Warm 5￿Ces 2,903 129,745 10,000 339,688 8.219 405,636 4.684 63,797 Prior Year 2023124 8alance 35 at l April 2023 Incomlng Resources for period 20,000 £ Resources Expended in period Balante as at 31st March 2024 HousingJu5tlce 11,764 £ 13,286 £ 18,478 LBN People Powered Places 9,361 £ 4,025 £ 5,336 East End Communiry Foundatlon 1,000 £ 1,000 £ The National Lottery Costof U¥lngGratht 35,991 £ 35,991 £ The Mércers, Twst 37,583 £ 14.499 £ 23,084 CGI (NEWdayse￿l