NEW WAY Project Registered Charitable Incorporated Organisation Report and Accountsfor the 12 months ended 31st March 2026 NEW AY Proiect ABLE OF CONTENT Legal And Administrative Information.................................................... NEWway Project Trustees, Annual Report for the Year Ended 31 March 2026.................. . Our Life and Story...... Objectives.................................................. A Further Note on Core Values............................................................... NEWway Impact Report...................... NEWway Governance .............................................................................. . ........................................ Support Agencies and Referral Partners Funding Received the Year Ended 31" March 2026 .10 .12 Media Presence........................................................................................................... .13 Awards............. .13 Risks................................................ .14 Reserve5. .14 Financial Review................... .14 Independent Examinerfs Report on Accountsto 31" March 2026................................................ 15 Financlal Accounts lor the Year Ended 31 March 2026........................... .16 Statement of Financial Artivities 16 Balance Sheet as of 31" March 2026............-.......................................................................... 17 Notes to the Accounts................................................................ 18 Pagè 2 LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEES Mr Matthew Portèr ICHAIRI Miss Agnieszka Pogorzelska Reverend Dave Chesney Iresigned 7, October 2025,. served NEWway since 2013 as a member of the Steering Committee, then appointed as a Trustee in 20161 Mr Timothy Wood (resigned 17 June 2025, appointed 25 November 20211 Mr Julian Stallard (appointed 17, June 20251 Mr OILJk3yode Adedoyin lappointed 17, June 20251 Mr Adrian Duffy (appointed 7, October 20251 ADVISORS TO THE BOARD Hilda Mango la member of homelessness Co-Production panels in Newham amplifying voices those with lived experience) CORRESPONDENCE ADDRESS NEWway Project Bonny Downs Baptist Church 18 Darwell Close East Ham, London E6 6BT INDEPENDENT EXAMINER Brian Dexter ACMA 172 Sandford Road East Ham, London E6 3PX LEGAL STATUS NEWway was set up in 2013. It was registered as NEWway Project with the Charity Commission on 9th March 2016 as a Charitable Incorporated Organisation with Registration Number 1165966. THE ACCOUNTS The Accounts have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the Charities Act 2011 and the SORP IFRS1021 "Accounting and Reporting by Charities" issued in March 2015. PUBLIC 8ENEFIT STATEMENT The charity trustees, in accordance with section 4 of the Charities Act 2006, have given due regard to the public benefit guidance published by the Charity Commission, and confirm that the charity operates for the public good as demonstrated by the report on the following pages of our activities and achievements during the year. Page 3 NEW WAY Project NEWwa Pro'ect ort for the Year Ended 31" March 2026 Trustees, Annual Re OUR LIFE AND STOR The NEWway Project was set up in 2013 a5 a winter night shelter to 5UPPOrt the rising number of homeless people in London Borough of Newham. NEWdawn operated uninterruptedly for 13 winter seasons. In 2018, we developed year-round advocacy and daytime services called NEWday to further support both vulnerably housed and rough sleeping single adults in our borough. In 2020, our co-founder Jonny Adams established a gardening social enterprise NewLife Newham with an aim of supporting NEWway guests with upskilling and job training opportunities. The NEWway services run in collaboration with Newham Council. Bonny Downs Community Association, local churches, like-mlnded charities, and an extensive team of volunteers. The charity uses Bonny Downs Baptist Church building as its registered correspondence address for homeless service users or those without a fixed abode, allowing them to apply for identity documents, bank accounts and benefits. OBJECTIVES The relief of poverty and financial hardship of individuals in need in Newham, particularly but not exclusively by the provision of.. al Winter night shelter delivered in partnership with Newham churches bl Advice and support to seek subsequent accommodation cl Information, guidance and signposting towards meeting related needs dl Shower5, laundry services and food at NEWday centre el Specialist housing advice, financial advice, and 5UPPOrt, signposting and referring to other specialist support services in Newham. fl Seeking to establish affordable housing solutions in London Borough of Newham as a sustainable move-on option to our guests We work to prevent and reduce homelessness, and to provide support so that people can overcome barriers and begin building their lives once again. Trustees are satisfied that all these activities are for public benefit. Page 4 FURTHER NOTE ON OUR CORE VALUES The NEWway work 15 shaped around our core values. Our VISION is to RESTORE lives affected by homelessness REBUILD community and RENEW broken systems $0 that everyone in our community has a home in which they can flourish (based on Isaiah 581 MISSION To support single adults in Newham affected by homelessness, providing PURPOSE- to encourage purposeful lives involving fun, excitement. learning, trainin& volunteering and employment. BELONGING- to nurture community, providing daytime places of advice, support and opportunity and working with other expert partners. SAFETY- joining with churches and the people of Newham to provide cold weather shelter and safe homes in which to healiand thrive. VALUES LOVE- to love in all its fullness, with kindnessi grace and truth. WELCOME- our welcome is bigger than our rules. We encourage behaviour that is kind and respectful. EMPOWERMENT- we want everyone to develop their strengths and Skills. We won't do for others what they can do for themselves, but we love to support and encourage all we can. NEWWAY IMPA￿ REPOR NEWDAY OUTCOMES Between 1st April 2025 and 31st March 2026, NEWway served 716 guests in total - that is all increase of 8% in comparison to the previous accounting year. 95% were in the working age group, half of them being 1845. and 194 people were young adults between 18 and 35. The average attendance per day was 49 people, with the highest peak of 83 individuals in one day. The busiest were winter months, when the attendance 05cillated between 60 and 70 people per day. All guest5 were offered 5hower5, laundry services, food and refreshments. They also had instant access to our caseworkers who provided housing 3nd advocacy sUPPOrt. During this financial year, NEWway triaged 392 new people, who automatically received housing advice. One third of attendees received financial support, including benefits and debt advice, and help to open a bank account. 220 guests used free onsite healthcare that included health checks with an outreach nurse, referrals to mental health services, dental appointments, visits to an optician, and engagement with substance misuse services. 107 people were supported with accredited immigration advice through our partnerships, the main one being Praxis. 59 people were supported to reconnect to their families in different boroughs. regions in the UK, or countries. 146 people engaged with education, training and employment IETEI support. including ESOL classes, resulting in 37 positive ETE otjtcomes, such as CVS, training placements, and job offer5. Ptyg5 NEWDAWN OUTCOMES This winter season, 16 Newham Christian congregations opened their doors and hearts to host the winter night shelter for five month5 and gave shelter to 48 guests. All guests had a move-on offer. but only 24 moved on p051tively during their time with LJS. We have seen guests move into Home Office accorNmodation, Newham's Rough Sleeping Pathway accommodation, community housing, supported housing, privately rented properties, and others returning safely to their homeland5. The NEWway shelter network included hosts who offered spare rooms in their houses to a few of our guests for up to three months, while the Caseworkers found a stable move-on option. This season, we worked with three hosts who supported six guests with temporary accommodation until an anticipated solution became available. TENANCYSusfAINMENT Moving on is usually considered the end of the journey, however, it is rarely the case. Many people require tenancy sustainment sijpport. Very often it is a confusing tran51tion, as they move from a chaos of rough sleeping to 3 structured world of bills payment, money management, appointments, commitments. and healthy routine. Hence, we hired a Tenancy Sustainment Worker who meets our guests in those situations. He visits them in their properties and deals with any issues they may have, such as monthly rent5, Council Tax, Housing Benefit, fuel bills, or conflicts between other tenants. It not only gives a sense of stability to our guests, but also strengthens our relationship with private landlords, who can see their tenants being supported and issues resolved. That relationship evolved into moving five of our shelter guests into a 5-bed HMO house, rented by a local private landlord. It was our first initiative and our first learning experience. We saw guests thrive and our partnership with the landlord evolved, giving us more options to move people on. FAITH AND ACCOMMODATION This year was significant for NEWway's journey into developing sustainable housing models. Our long- standing relationship with the Bonny Downs Baptist Church resulted in redeveloping the old church building into an Urban Abbey. The demolition of the old building started early 2026 and the new construction will consist of three storeys. The ground floor will have space for our day services and will be rented out for community events. The upstairs will have eight studio flats and a communal area with a terrace garden. On the last floor, there will be two host flats.. one for the church ministers, and the other one for vislting community workers who would want to experience community living at Bonny Downs. The flats will be rented by our guests who will have a direct support from our charitv. This new development will promote community living and encourage the tenants to participate in regular meals, volunteerin& working at the local social enterprises, and serving on a management committee. Governance will be modelled on participation and inclusion. It will be a place to rebuild lives, foster purpose and belonging, explore creativity, and 8ct as a therapeutic community by involving people living in the neighbourhood. Alongside the Bonny Downs redevelopment, a new opportunity arose in Forest Gate. Through one of our team members, we built a connection with an Anglican Church whose building is due to become empty in summer 2026. Their dream of providing supported housin£ particularly to homeless women with no dependants, aligned with our efforts to replicate Urban Abbey model. After securing funding to Éo through initial feasibility studies and next steps of planning permi5sion5, we are in the process of applying for further funding to turn this building into five studio flats with a communal living area for Pagè 6 women. The residents will be supported by ministers living upstairs and invited to lead a community space downstairs. If successful, we would love to see that space becoming a training work hub where women could become entrepreneurs and rebuild their lives through employment and community connections. We had an opportunity to pilot running an intentional community accommodation owned by another local charity. The house was temporary empty, and it was offered to NEWway to use it until their Trustees decided how they would want to use the property in future. Three of our guests and our co- founder as a house SLJpervisor moved in there. The house offered a space for healing. Tenants shared the space by cooking weekly community meals that hosted around 11 people each week. It was seen 'safe anchorf by those living there, giving them a real sense of abundance. COMMUNITY INVOLVEMENT A5 a gra55roots charity, fully embedded in our local community, we aim to impact the lives of our guests, as well ès involve residents to bring hope, care, empowerment and empathy to those we are supporting. We do this by involving hundreds of volunteers during winter night shelter season to prepare warm beds aroLJnd venues, cook and serve nLJtritiOLJS dinners to the shelter guests, provide companionship, listening ear, prayer, and mentorship when needed. Throughout the year, the local community connections were strengthened to work on interim solutions to rough sleeping by developing local hosting and lodging offer. As a charity, we are thankful for the Newham community for prompt responses to our donation appeals. Whether it was a microwave, a table, or a suit for an inteNiew, there was alway5 someone who would respond, either with a direct solution or some advice. The community was also actively involved in fundraising events. During the 2025-26 year, NEWway ran three such events in support of our guests. The first one was Bike2Give where five NEWway guests participated. They cycled 100 miles in three days to raise awareness on homelessness and promote the work NEWway did to support them to move-on. Their involvement was 3 way of saying 'thank you, to everyone involved in the work of our charity, including staff, partners and fLJnder5. As an added value, they had fun and bonded together, creating friendships that lasted afterwards. The hiking crowdfunder was aimed at raising fund towards our Caseworker's post. It was a privately organised event where a group of family and friends hiked across the UK in five days. from St Bees to Robin Hood Bay. The distance covered was 300 kilometres. They reached heights of over 2000 meters and some of the days involved over 20 hours of hiking. Both events helped u5 raise £5,000. The above two were followed by well-established The Big Newham Sleep Out that attracted 17 participants who raised over £6,500 towards guest support. CO.PRODUCTION The Newham Rough Sleeping Commissioners organised a co-prodLJrtion forum. 18 guests who went through different rough sleeping pathways were involved. Guests shared their experiences of the rough sleeping support in the area. gave their views on which services worked well and which needed improvement. It was conversation-led panel and participating guests appreciated being able to speak Pagg 7 honestly, being listened to and understood. The commissioners plan to continue the forum into 2026, inviting back those who already took part, as well as inviting new people. Participants were rewarded their time by the local council. RESEARCH As part of co-production, NEWway aims at amplifying the voice5 of our guests. One way of doing this is via getting thew involved in research. Thi5 year, NEWway took part in three dtrferent research projects. Quit Well was part of 3 50-Steps Newham Health and Wellbeing Strategy that offered community strengthening grants to support vulnerable residents to quit or reduce smoking. A group of researchers was stationed in our day centre once a month doing questionnaires with our guests and offering them an alternative to cigarette5. In total, 240 people had a smoking cessation conversation. The research helped the Public Health understand how best to engage with this hard-to-reach group, and what drives them to think more about their health and wellbeing. Personal Grants was an initiative driven by the Centre for Homelessness Impact to see if and how a cash injection can help people make independent decisions to relieve themselves from homeless 51tuations. NEWway nominated 20 guests. After thorough interviews and risk asse55ments, the researchers split the cohort into two groups- One of them received a lump sum of £2,000 unconditional payment, while the other group did not. People from both groups were receiving other support as usual. The groups are due to be monitored in intervals of 3, 6, and 12 months to see how their lives moved on. Refugee Proje¢t was led by Neighbourly Lab, LBN Public Health, and Welcome Newham as part of the Creating Opportunitie5 for Local Innovation Fellowships scheme. It wa5 a response to a huge number of young refugees under 30 coming to the UK and endlng up homeless. They were falling through a variety of service gaps, as no service was designed to support them well. The research tried to uncover the motives of such young people for crossing waters and lands to a foreign land, separated from their family and friends, networks. What are their dreams? What are their a5pirationsP How do they See their future? Who do they want to become? Answers to these questions were attempted to be found, followed by a multi-departmental approach of where these young people fit best to receive support in moving on. Women's Census. The 2025 homeless women's census in England published its stark findings- more than 10 times as many women were sleeping rough in England than the government data suggested. In Newham, the census was carried between July and September 2025, and five services took part, including NEWway Project. The census reported 75 homeles5 women. Many of these women experienced hidden hornelessness, such as sofa surfing, highlightin8 three main barriers to getting support.. lack of suitable accommodation options, lack of female-only spaces with female staff, and lack of awareness of modern slavery, including misidentifying modern slavery for domestic abuse. PILOT PROJECTS In response to the findings of the above research project5, we run two new pilot programme5 at our day services. PAgè B Based on the findings from the Women's Census which was followed by a multi-sector meeting of various agencies supporting vulnerable women, at the end of the financial year, NEWway opened a pilot day centre for homeless women. Women's Wednesday would run once a week using funding from three small local community funds and private donations. St is a space where worNen can pamper themselves with nail paintin& art activities, quality conversations with support workers from agencies working in the field of homelessness, domestic abuse, sexual health, mental health, and employment reactivation. It is a much quieter day, starting with around six attendees per day, allowing more time for deep conversations that could help caseworkers get better understanding of women's situation. The pilot is due to run until August 2026. Another programme was around education, training and employment. Based on the feedback received from our guests, the majority appreciated having meaningful activitie5 during the day. People were keen to learn and work. The National Lottery Awards4AII fund helped us develop 3 Back-to-work programme. This side of financial year saw the first cohort of five guests being trained in life and work 5ki115, including but not limited to punctuality. expectations, conflict resolution, trauma informed training, budgeting, skills finder, CV writing and interview techniques. The theoretical learning was complemented by prartical skills development in gardening and cooking. The biggest outcome for our guests was increased confidence and self-esteem. The programme showed them what they were capable of and that people are appreciative of their skills and talents. NEWWAY GOVERNANCE NEWway is made of local people who come from varied backgrounds, who either experienced hardship themselves or were a witness of someone in their family, friends, or close community circles experiencing social injustice. Our organisation is managed by a board of trustees and supported by specialist committee advisors. In the financial year 2025-26, NEWway had nine full-time and one part-time staff.. a Director, a NEWday Manager, a NEWdawn Manager, a Faith and Accommodation Manager (with Front of House duties), an ETE Development Manager, three NEWday Caseworkers, a Tenancy Sustainment Caseworker, and a Senior Administrator. For 10 weeks, the NEWway team was supported by a Soci31 Care university student. This year, two Trustees retired, and NEWway recruited three new Trustees. The new Trustees came with experience of corporate world, comrNissioning, and community building. The 8oard was supported by an advi50r with lived experience who uses her voice to lead on co-production within the st3tutory and voluntary services. NEWway is grateful for their enthusiasm and commitment as they settled in their new roles. The Trustees actively volunteered at the winter night shelter, became mentors for guests participating in our Back-to-work programme, served with advice, and supported the charity's growth. The Board discussed and made strategic decision at quarterly meetings. Underneath the board, operational issues were discussed and decSded during monthly senior meetings, weekly team meetings and annual staff away days. All decisions were made in consultation with guests. partner agencies and our valued volunteers. We had an annual gathering at the end of winter shelter circuit and conducted regular guest and volunteer feedback to shape our delivery. Pag& 9 UPPORT AGENCIES AND REFERRAL PARTNER NEWway day services is a place lor strong partnerships, creating a centralised place of support with the following projects and activities happening on a regular basis.. • Wellbeing activities Onsite housing and advocacy service, including provision of a care of address by Bonny Down5 Baptist Church Acce55 to laptOP5 donated by Britannia Education Trust, and free Wi-Fi connection, COLJrtesy of Bonny Downs Community Association Showers and13undry facilities Maryward art and craft workshops + Immigration support Praxis St Mungo's MAPS + Health and Wellbeing support Newham Transitional Practice for GP services ChanÉe Grow Live Rise for substance misuse ELFT Rough Sleepers Mental Health Practice IRAMHPI NHS Dental Van Quit Smoking sessions Vision First Eye Care + In-kind support Acts 435 for donations towards individual guest support Bonny Downs Foodbank and Food Club Felix Project for weekly provision of ready-made meals Lidl East Ham South for weekly provision of groceries Local Primary Schools and organisations for clothes and toiletries Education, training and employment support ESOL lessons Department of Work and Pensions for CV and job search workshops NewLife Newham and Hopeful Food for helping people into upskilling and employment Standing Tall for work and accommodation %5 Financial Support Bonny Downs Debt Advice services Department of Work and Pensions Universal Credit Outreach support HSBC no fixed abode scheme for new bank èccounts * Move-on providers Boost Up Changing Lives Housing Trust GrowTH Housing Hosting and Lodging schemes London Lettings Network Newham Homeless Prevention Advice Service Page 10 Queen Victoria Seafarer's Rest The Renewal Programme YMCA. Until Ortober 2025, NewLife Collective Ltd. partnered with NEWw3y through Memorandum of Understanding to provide wellbeing sessions twice a week. One day was dedicated to ETE support, whereas the second day focuses on fun activities led by our guests, such as cooking, outings. gardening, and woodwork. This responds to the commissioning requirements as well as our vision of providing a space of PLJrpose and belonging to our guests. Sessions were very popular and bring out the creativity, smile and opportunities for people to get to know each other in a relaxed environment. From November 2025, Jonny Adams became our employee to launch Back to Work programme for our guests, working two days per week. PARTNERSHIPS IN THE YEAR We are delighted to be in positive partnerships with others who respond to poverty including.. A Thousand Hills Local churches for NEWdawn WNS Bonny Downs Baptist Church Local food bank5 and pantries Bonny Downs Community Association IBDCAI London Borough of Newhèm ILBNI Change, Grow, Live ICGLI and commissioned NEWdawn Host Churches partners (Praxis and Single Housing Project) Newham Food Alliance Felix Project NewLife Collective Ltd. Helping Hands Plalstow Other charitles addressing homelessness and Homeless Link similar poverty responses Public Health Housing justice HSBC Stratford Irons Foodbank J49 Iregistered housing provider) Jobcentre Social prescribers St. Edmund's Church Forest Gate Streetlink West Ham Foundation Lloyds Bank Foundation This year, NEWway formed a new partnership with the West Ham Foundation IWHFI. WHF uses its refurbished venue in Beckton to support the nei@hbouring community. As one of their many projects, they offer support to the homeless. They were involved in hosting one of our winter night shelter nights and provided Christmas shelter during the usual break between two circuits. It meant that our guests had a warm space to be over the festive period. WHF was actively involved in promoting our charity work and supported our appeals for raffle prizes when the need arose. Other partnerships include a variety of local and national organisations and community groups focusing on homelessness strategy and relief, such as Housing Justice, Homeless Link, J49. and staff training and charity support. for instance Newham Food Alliance, Public Health. and Lloyds Bank Foundètion. Page11 FUNDING RECEIVED IN THE YEAR ENDED 31st MARCH 202 LBN Commissioning under Newham Integrated Rough Sleeping Service, led by Change Grow Live ICGLI to provide NEWday centre for homele55 people in the borough15tarted in September 2021, five-year fLJnding, rolling until August 20261 The Mercers, Company to secure NEWdawn Managerfs salary for three years (November 2023- October 20261 LBN Strengthening Community Capacity for Supporting Residents to Quit Smoking 24125 grant to support homeless people stop or reduce smoking IMarch- September 20251 Lloyds Bank Foundation to build up our reserves, Secure funding for one of our Caseworker5, and provide charity support through their Enhanced Programme Ithree-year funding.. lune 2025- June 20271 The Albert Hijnt Trust for a shortfall in NEWdawn Manager's salary (August 2025- August 20261 The National Lottery Awards 4 All towards Back to Work programme (November 2026- October 20271 The Pret Foundation towards food provision at the day services and Food & Hygiene online courses INovember 2026- October 20271 Housing Benefit through LBN for eligible guests Ioctober 2025- March 20261 LBN Warm Food and Havens towards providing hot meals during winter months and creating cool spaces during summer months (November 2025- March 20261 • Centre for Homelessness Impact Personal Grants (November 2025- March 20261 Lyle's Local Fund 2025126 towards pilot women's project (February- August 20261 London City Airport CommLJnity Fund I" Tranche 2026 towards pilot women's project (March- August 20261 Charles S French Charitable Trust towards pilot women's project IMarch- August 20261 John Lewis and Partners donation towards guest support Corporate SUPPDrt.' Microsoft 365, Attic Storage 8eckton, Canva for non-profit, Core Telecom Ltd., Donations from individuals Donations from participating NEWdawn churches Donations from local churches.. St John's Church, St Mark'5 Church Forest Gate Donations from local schools.. Montega Primary School, Nelson Primary School Donations from local services.. Attic Self-storage Beckton, Felix Project, Housing Justice Letting Network, Irons Foodbank, Lidl East Ham, Newham Food Alliance, Newham Nutrition Kitchen, Newham Homeless and Prevention Service IHPASI, Newham Welfare Alliance, Start Young UK Donations from our fundraising events.. Bike2Give. Hiking Crowdfunding, BIE Newham Sleep Out CORPORATE SPONSORSHIP To diversify NEWway's income in the current more competitive fundraising landscape, our charity is slowly moving towards the unknown waters of corporate sponsorship. We are grateful for big companies like Microsoft 365, Attic Storage or Core Telecom for providing us with annual free subscriptions to their products. On a local level, NEWway formed a positive relationship with Lidl East Ham South which provided us with weekly surplus food supply. Thanks to them, we could enhance the basic food offer to our guests. Although the donations vary week to week, usually, Lidl restocks us with cereals, bottled water, and treats like chocolates, biscuits and crisps. Page 12 For 2026, an investment company, Franklin Templeton IFTI, chose NEWway as their Charity of the Year, followed by a nomination of one of our Trustees who works there. Ft created a month-by- month plan of different fundraising activities for its employees and partners that link to our fundraising page for direct donations. For induction, ￿ invited our director and a guest to their offices in City of London. The guest felt very special being there and sharing his story. Afterwards, he said "It was perfect. It was èmazingl" We are looking forward to an exciting year ahead in partnership with ￿. Events linecs up in the following months include football tournament, running miles on treadmill, and having a sponsored event in our garden space to transform it into a Work Hub. MEDIA PRESENCE If I disappear would anyone care? By Together For The Common Good - Ortober 2025 htt t4c .sub5tack.COTn ear-would-an one-c3re Finding a Place of Belonging by Leaving Egypt- July 2025 htt leavin t odcast.SLJbstack.com 47-findin lace-of-belon Personal Grants by Centre for Homeless Impact- December 2025 htt www.homelessnessim act.or news roundbreakin -stud le-esca e-homele55ne5S www.homelessnessim in -reveal-how- rant-hel s- eo htt act.or ro ects ersonal- rants- ro ect BBC Sounds on Personèl Grants- December 2025 htt www.bbc.co.u sounds m002nv5 Homeless Link- Going beyond - Podcast on Day Services.. Launch of Day Services principles framework- November 2025 htt homeless.or knowled e-hub oin ond-homeless-links- ractice- odcast NHS Stakeholder 5PQtlight on NEWway- April 2026 htt OLJtu.be f n9TV06uO ?si-enxrEIXClltIDkh WARD Inspiring Futures Award Winner 2025 at West Ham United Foundation Gala and Dinner 2025. +++++++++H++++A+++w++w++Tr+++++++++Tr++++F++++++++w+++++++++++++++++w+++w+ Pap 13 RISKS The Trustees have given due consideration to the major risk5 to which the charity is exposed. and are satisfied that those systems, policies and procedures are in place to mitigate exposure to major risks. RESERVES It 15 the policy of the charity that general funds which have not been designated for a specific use should be maintained at a level equivalent to three to six-month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, the charity's activities can continue while consideration is given to ways in which additional funds can be raised. FINANCIAL REVIEW The charity succeeded in securing several grants that enabled us to equip our winter night shelter and create a warm haven at NEWday with hot nutritious food for our guests. Other grants helped us run two pilot projects. The ongoing grant from LBN has made a major difference to the support we have been able to provide and the services that we have been able to run throughout the year. Thi5 funding 15 expected to continue for 2026. The Local Authority is preparing for a new tender to continue commissioning the rough sleeping support work, but the deadline for new applications is postponed until the second half of 2026. Therefore, the Trustees feel that a higher level of reserves is required to ensure a smooth shut down of services should this funding not be forthcoming. The free reserves carried forward into 2026-27 are £175,289 which represents four months of the coming year's operational budget. I trust you ore encouraged to reod something of our Story this yearl None of it was 5sible without brilli nt staff and partners- we remoin grateful to them oll. Mat ew Porter Chair of NEWway Project Pagg 14 NEWwa ect CIO- re istration number 1165966 Inde endent Examinerfs Re ort on accounts to 31" March 2026. To the Trustees. ro I report on the accounts of NEWway Project for the period of twelve months ended 3151 March 2026 which are set out in the following page$. Respective Responsibilities of Trustee and Examiner The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011, "the 2011 Act" and that an independent examination is needed. Having satisfied myself that the charity is not subject lo audit under company law and is eligible for independent examination, it is my responsibility lo.. Examine the accounts under section 145 of the 2011 Act. To follow the procedures laid down in the general directions given by the Charity Commission under section 145(5llb) of the 2011 Act.. and To stale whether particular matters have come to my attention. Basis of independent examiner's report 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 a comparison of the accounts presented with those records. 11 also includes consideration of any unusu81 items or disclosures in the accounts and seeking explanations from you the Trustees con￿mIng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and Consequently no opinion is given as to whether the accounts present a 'lrue and fair view,, and the report is limited to those matters set out in the statement below. Independent examiner's statement The charity's gross income exceeded £250,000 and I confirm that l am qualified lo undertake the examination by being a qualified member of The Chartered Institute of Management Accountants. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause lo believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act- or the accounts did not accord with the accounting records- or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fail view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounls to be reached. Brian Dexter Chartered Management Accountant 172 Sandford Road East Ham London E6 3PX Dated 2010612026 Pa￿6 15 NEWway Project CIO Charity registration number 1165966 st Financial Accounts for the year ended 31 March 2026. Statement of Financial activities (Incorporating the Income and Expenditure Account) 2026 2025 Not General Reslrlcted Total GenÈrèl RE3trirted Incorningresources from Grants, Dorption5 and Legacie5 3Q383 16,789 5t6 96W6 5,148 127,089 21,937 566 6.800 25.671 loo 116.699 123,499 25,671 loo t)on3tions Interestrecejved Incotnefrom CharitsbleA(bwtie5 1825Z 309264 327,516 36.442 222.989 259,431 Total Income E¥pelldituie 65,890 411,218 477.108 69,013 339.688 408.701 stsfl ctssts Includlng NIC and Pen￿On ContTrttor5 28,818 326,2aa 355.051 21,114 289.498 310,622 156 7,939 8,095 33,798 33,798 Volunteer Expens other Projpct Expen5L 226 3aE 562 1.557 1,557 16,852 80,95S 97,808 2,*2 67,177 70,069 3.441 3.441 3.229 3,229 Support C05t5 7.787 a.774 11561 4.380 10.377 14,757 Tot31 Ekpenditure 53.839 421,679 47￿￿]8 28.396 405.636 434,032 Surplu4lDeli