Charity resiAtion number 1199440 IEngland and Waltsl WAYMAKER INTERNATIONAL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
WAYMAKER INTERNATIONAL LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Andrew Aobsnson Mr Peter Robinson Mr lan Little Ms Nicola Tasquier Mr Jonathan Brydon Mr Graham Pyman (Appointed 2 February 20241 Charlty number IEniland and Wales) 1199440 Prlnclpal address 23 Hazel Close Southwater Horsham West Su$5ÈX RH13 9GN Independent èxamlner Staines and Co 235 Foxhall Road Ipswich Suffolk
WAYMAKER INTERNATIONAL CONTENTS Pw Trustees, report Independent examinerfs rtport Statement of finarbcial artsvities Balance sheet Notes to the financlal statements 6-11
WAYMAKER INTERNATIONAL TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 The tTUStees present their annual report and financial ststements foi the year ended 30 June 2024. The flnanctal statements have been prepared in accordantÈ with the accounting policies set out in the below notes to the financial starement5 and comply with the charity's governing document, the Charities Att 2011 and "Accounting and Reporring by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard appIable in the UK and Republic ol Iland IFRS 1021" (effèctive l January 20191. Oblectfves and •ctfvitles Our mission 15 to make a way where thère is no way for the poor. sick, mar8inalised. unedutatèd. and dlsplaced by creatin8 a comrnunity committed to generating and sharin8 per%>nal and torpore wealth to help balance an unbalanced world. The objects of the CIO are, for the publi¢ benelit:_ To advance the Christian faith In such way5 and In such parts of the Un¢ted Kingdom and the world as the charity tfU5teès from time io lime may think lit,. To felieve sickne55 and financ¢al hardship and to promote and preserve good hèalth by the provislon of funds, good5 or 5ervicÈs in such parts ol the united kin8dom or the World as the charity tru5tee5 from time to time think fit. and To advance education in Such way5 and in such parts ol the United Kingdom or the world as the charity trustèès from time to time may think lit. Publlc benefit The trustees have paid due regard to 8uidance issued by the Charity Commissknn In deciding what 4¢tivities the charity should undèrtake. Flnonclal revbtw Restrves policy It is the policy of the charity that unrestricted funds which have not been desi8nated for a specific use should be malntained at a level eouivalent to between three and six month'5 expenditure. The trustees consider that reservès at this level will ensure that. in the evenr of a 5i8niftcant tlrop in lunding, they will bè able to continve the chartty's Current activitieg while onsideration is given to ways In which additional funds may be raised. This level of SerVeS has been mainrained throu8hout the year. Strurture. 8overnanc• and man•zement The charity is a CIO- Charitable Incorporaied Or8anisation. The trusteès who served during thè year and up to the date of signature of the financial statements were.. Mr Andrew Robinson Mr Peter fiobinson Mr lan Little Ms Nicola Tasquier Mr Jonathan 8rydon Mr Graham Fman IAppointed 2 February 20241 The company's turrent poliry concerning the payment of trade crèdiiors Is to follow the CBI'S Prompt Payer5 Code Icopits are available from the CBI. Centre Point, 103 New OxfrKd Stet, London WCIA IDUI. The company's current polity conceming the payment of trade creditor5 is to-. settle the terms of payrnent wilh suppliers when agreeine the tefms ol each transaction.. ensure that supplier5 are made aware of the terms of payment by inclusion of the relevant terms in contracts,. and pay in accordance with the company's contractual and other le8al obligation5.
WAYMAKER INTERNATIONAL TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 The tru5tees' report was approved by the Board of Trustees. Mr Andrew Robinson Trustee athan Brydon rustee 17 December 2024
WAYMAKER INTERNATIONAL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WAYMAKER INTERNATIONAL I report to the trustees on my examination of the financial Statements of Waymaker International (the charityl for the year ended 30 June 2024. Aesponslbilitie5 and basi5 of report As the trustees of the chariry you are spOnSible for the preparation of the financial statèments in accordance with the requirements of the Chaiities Act 2011. I report in respect of my examination of the tharity's financial statements Cared out under section 145 of the Charlties Att 2011. In carrying out my examination I have followed the Directions 8iven by the Charity Commission under Section 1451Sllbl ol the Charitie5 Act 2011. Independènt ¥mIner'S st•teffleni Your attention is drawn to the lèct that the charity has prepared the financial statements In accordance wlth the relevant version of the Statement of Recommended Practtce applicable to charities preparing their financial statements in accordancè with the Financial Reportin8 Standard applicable In the VK and Republic ol Ireland IFRS 1021 in preference to the Accounting and Reporting by Chorities.. Statement of Recornmended Pfactite issued on l April 2005 which is referred to in the extant regularions but has now been withdrawn. l underst?nd that ihis h35 been done in order lor the financial statements to provide true and fair view in a(COfdance with UK Generally Acctpted Accounting Practice. I have completed my examination. I confirm that no matter5 have come to my attentlon in connettion wlth the examinatlon giving me cause to believe that in any m*erial respect.. accounting rÈcords were not kept in respect ol the charity as required by section 130 of the Chafltles Act 2011. the financial statements do not èccord with those re¢ords.' or the financial starements tlo not comply with the applicable requirements concerning the lorm and ¢ontent ol financial starements set out in the Charities IAccounts and Reportsl Ae8ulations 2008 other than any requirement that the lirsancial statements 8ive a true and fair v¢ew, which is not a matter constdered as pan of an independent examination. I havè no concern5 and have come across no other matters in connertion with the examination to which attention should be ijrawn in this report in order to enable a proper under5tandin8 of the financial statements to be reached. Stalnes and Co 235 Foxhall Road Ipswlch Suffolk 18 Dttember 2024
WAYMAKER INTERNATIONAL STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unr¢5tricted Restrictsd fund5 fvnds 2024 2024 Total Unr¢stricted funds 2023 Restrlctsd funds 2023 rotal 2024 20Z3 Income from: Donations and Itgaciès Investments 41.216 129 85.319 126.535 129 44,248 172,178 216.426 Totsl Income 41.345 85,319 126.664 44.248 172,178 216.426 EMpendltur on: Raisin8 funds Charitable actlvities 8,351 8.351 IIXl.377 5,698 5.698 201,511 ILKI,377 201.511 Total expendlture 8.351 I,377 108,728 5.698 201.511 207,209 Net Incomellexpendlturel Jnd m(¥eml In fvnds 32.994 115,0581 17,936 38.550 129,3331 9.217 Rocon¢lll¥tlon ot lunds: Fund balan¢es at i July 2023 38,550 129,3331 9.217 Fund b•lantes at 30 June 2024 71.544 144,3911 27,153 38.550 129,3331 9.217 The statement of financial activities Includes all 8ains and losses reco8nised in the year. All income and expeTrditure derive from continuin£ activities.
WAYMAKER INTERNATIONAL BALANCE SHEET AS AT30 JUNE 2024 2024 2023 Notss Current assets Debtors Cash at bank and in hand 430 29,885 10.377 30.315 13,1621 10.377 11.1601 Credltors.. •rnounts f•111 due wlthln ont ye•r li Net current assets 27.153 9,217 The lunds of th• ch¥rlty Restricted income funds Unrestricted funds 13 14 144.3911 71,544 129,3331 38,550 27,153 9,217 The flnancial statement5 were appfoved by ihe iw5tees on 17 Decembef 2024 Mr Andrew Robinson Trustee Mr Jonathan Brydon
WAYMAKER INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30JUNE 2024 A¢courttl polldes CrIty Informatlon Waymaker International is a Charitable IncorpJratÈd Organisation. 1.1 Ac¢ountlni <otwentlon The financial statements have been prepared in accordance with the charl$ goverrting document, the Charities Act 2011, FRS 102 -The Financial Reportin8 Standard applicable In the UK antl Republic of Ireland" I'FRS 102-1 and the Charities 50RP "Accounting and Reportin8 by Charilies.. Statement of Recofnmended Practice applicable to charitie5 peeparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021" (effective l January 20191. The charity is a Public Benefii Eniity as defined by FRS 102. The charity has tsken advantage of the prO510n$ in the SORP for charities noi to prepare a Stattmènt ol Cash Flow5. The financlal statements have departed Irom the Chafities IAc(ount5 and Reports) Regulations 2LXJ8 only to the extent required to provide a tiue and fair view. Thi5 departure has lnvofved following the Statement of Recommended Practice lor charities applying FRS 102 rather than the version of the Statement of Re(ommended Practice which is felerred to in the Regulaiions but which has since been withdrawn. The financial Statements are prepared in 5terlin& which is the functional currency of the charity. Monetary amounts in these financial statement5 art rounded to the nearest £. The linanclal starements have been prepared under the historical cost convention, Imodified to intlude the revaluation ol frèthold properties and to include invesiment properries and certain financial instruments ai lalr valuel. The principal a¢countin8 pollcies adopted are set out below. 1.2 Goln¢ concrn Al the tirne of approvin8 the financial statèments. the trustees have a rèasonable expectation that the charity ha5 adequate re59urcÈs to continue in operational txistence for the foreseeable future. Thus rhe trustees continue to adopt the 80in8 concern basis of accountin8 in preparingthe financial statemenrs. 1.3 Charltablt lundi Unrestfi£ted funds are available for use at the dixretH)n of the truMee5 in furtherance of thelf charitable object¢ves. Restricted funds are Subject to specific conditions by donors or grantor5 as io how they rnay be used. The purposes and Uses ol the restritted lund5 are set out in the note5 to the financbal statement5. Efidowment funds arè subjett to specific conditions by donors that the captal must be malntained by the charfrv. 1,4 INorne Income Is Ognised when the charity is legally entr¢led to it after any performance conditions have been met. the mounts caD be rnea5ured reliably, and it is prObae that income will be feceived. Cash donations are ieco8nised on receipt. thher donations a recognised once the charity has been notified of the donation. unless perlormanie conditions require delerrèl of ihe amount. Income tax Xecoverable in relation to donations received under Gift Aid or deed5 of covenant is recognised at the time of rhe donation. Legacies are reco8nised on Te*t or otherwise if ihe charity has been notified of an impending distribution. the amount is known. and receipt 15 expected. If the amount is not known. the legacy is treated as a contin8ent asset.
WAYMAKER INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accountlni policies (Continued) 1.5 Expendlture Expenditure is recognised once there is a legal or con5truttive obligation to transfei economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement. and the amount of the obli8ation can be measured reliably. Expenditure is tlassified by actr¥ity. ThÈ Costs of each activity are made up of the total of direct cost5 and shared costs. including support costs involved in undertaking eath attivity. Oire(t costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute w morè than one activity and 5UPPOrt cost5 which are not attributable to a single artivity are apportioned between those activities on a basss consistent with the use of resources. Ctniral staff costs are allocefl on the basis of time spent, and depreclation chafges are allocatetl on the portion of the 5set's use. 1.6 Cash and cash equlv¥lents Cash and cash equivalents include cash irt hand. deposits held at call with banks. other short-term liquld Investrnents with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowin85 in 1.7 Flnan¢lil Instruments The charity has eletted to apply the provisions ot Settion 11 'Basic Financial Instruments, and Section 12 '0ihef Financial Instrurnents Issue5. 01 Ffis 102 to all ol its financial instnJment5. Financial instfuments are reco8ni5ed in ihe charity's balance sheet when the Charity becomes party to the contrittual provislons ol the instrument. Financial assets and liabilities afe offset. with the net amounts preser5ted in the financial statements. whèn there is a legally Ènforceable right to set off the recoznised amounts and there is an intention io settle on a net basis Qr to realise the a55et and sertle the liability simulianeou51y. BJsl¢flnonclo1 q$5ets 8asic financial asset5, which include debtors and cash and bank balance5. are initsally mea5yred at transaction price includin8 transa£t¢on c05ts and are subsequently carried at amortised cost ijsing the effettive interest method unle5S the arran8ement conltUteS a financing transattion. where the rransaction is measured èt the present value ol the futurè receipts discounted at a markei rate of inte$t. Financial assets classified as receivable within one year are not amortised. Baslcfinondglllobllltles Basic financial liabilities. includin8 Creditors and bank loans are initially retO8nised at transaction price unless the arranlernent constitutes a financing transaction. where ihe debt instrument 15 measured at the present value ol the future payrnents discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt in5rruments afe 5ub5eqvently carried at amortssed tost, using the effetti¥e interert rate method. Trade creditors are obligations to pay frgr goods or ser¥ices that ha¥e been acquId in the or(inary course ol operètlons frorn suppliers. Arnounts payable are classified as current liabilities if payment is due within one year Of less. 11 not, they are presented as non-current liabilities. Trade credirors are recognised initially at iransattion price and 5ubsequenrly measured at amortised cost using the effectlve interest method. Derecognitlon offinundol IlolNlities Financial liabilities are derecognised when the charitVs contractual obligations expire or are discharged or cancelled.
WAYMAKER INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30JUNE 2024 Ac¢ountln£ polkles (Continued) 1.8 Retlrement nefft$ Payments to defined contributiort ret1ment benefrt schemes are charged as an expense as they fall due. Cwttkal attountln¢ estlmates and Judtements In the application ol the charity's accountin8 policie5. the trustees are required to make jud8ements, estimates and assumptions about the carrying arnount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumpiion5 are based on hIstoral experience and other factors that are considered to be relevant. Actual results may tliffer from these e5times. The estlmates and underlying assumptions are reviewed on an on8oin8 basis. Aevisions to accountin8 esrimates are recognised in the period in which the estimate bs revised where the revision affects only that period, or in the period ol the revision and future periods where the rtvision affecis boih current and future periods. Income from don4tJons •nd leytbts Unrrtrlcted Rertrkted fvnds tunds 2024 2024 Totsl Unrestrlded funds 2023 R•stri¢ted funds 2023 Tol•l 2024 2023 Donètions and gifts Membershtp fees Gift Aid 34.1 85,319 120,220 32,735 I,soo 10.013 172,178 204,913 1,500 10.013 6.315 6.315 41,216 85.319 126,535 44.248 172,178 216,426 Income from In¥tstme* Unre5trlcted funds 2024 UnTtrItted funds 2023 Inte$t receivable 129 Expendiwre on ra15in8 funds Unrestricted funds 2024 Unrestricted funds 2023 Fundrnlslng and puwkbty Support costs 8.351 5,698
WAYMAKER INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30JUNE 2024 Expenditu on charliable a¢thfltles Grarts made 2024 Grants rnade 2023 Dlreci costs Staff costs Granis paid 2,263 98.114 201.511 100.377 201,511 Analys15 by lund Re5tri£ted funds IIXl.377 201.511 Trustees None ol thè trustees lor any persons connected with them) reCeId any remuneraiion or benefits from the charltv durln8 the year. Employee5 The avera8e monthly number ol employees durin8 the year was.. 2024 2023 Number NuMr Employment costs 2014 2023 Wages and salaries Other pension c05t5 2.095 168 2.263 There were no employeès whose annual remuneration was rnore than £60,(0. Taxatlon The charity is exempi from taxation on its auivities betause all its income is applied for charitable purp05e5.
WAYMAKER INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 10 Dbtors 2024 1023 Amounts tsllln8 due wlthln ¢)n year: Trade debtors 430 11 Credltors- amoynts fallin& due withln ont ye•r 2024 2023 Othèr taxation and social 5ecuritv Trade £reditor5 Other creditors Accruals and delerred income 11261 260 2.388 900 900 3,162 1.160 12 RIremt benefit schem¢s 2024 2023 Defined rnntrlbutlon schemes Ch¥r8e to prolit or loss in re5pe¢t of delined contribution xhèmes 168 Tht charty operates a defined Contrlbuiion pension scheme for all qualifyin8 employees. The assets of the Kheme are held separately frorn those ol the charity in an indeptndenily administered fund. 13 Restrkted fvnds The restricted funds ol the charity comprise the unexpended balan¢es of donaiions and grants held on trust subject to specific conditions by donors a5 to how they may be used. At l July 2023 In¢omlni resoyfces Resour¢es At 30 June 2014 expended 129.3331 85,319 1100.3771 144,3911 Previous year: At l July 2022 In¢omln6 resoiirce5 ResOUe$ At 30 June 1023 expended 172.178 1201,5111 129,3331 10-
WAYMAKER INTERNATIONAL NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30JUNE 2024 14 Unrestrlrted funds The unrestricted funds of the charity comprise the unexpended balance5 Of donations and granis which are not Sublt to specific conditions by donors and grantors as to how ihey may be used. These include designated fvnds which have been set aside out of unrestricted funds by the tTU5tees for specific purpose5. Al l Jufy 2023 Incomlni resourtes Rtsour¢es At 30 June 2024 expended General funds 38.550 41.345 18,3511 71,544 Pr•vlou5 year: At l July 2022 Incoml resources Resources At 30 June 2023 expended General funds 44,248 15.6981 38.S50 15 AA•lys1s 91 net assets between lunds Unrestrlrt¢d furlds 2024 Restrlrted funds 2024 Totsl 2024 At 30 June 2024.. CUTnt a5sets/lliabilltsesl 71.544 144.3911 27.153 71.544 144.3911 27,153 Restrlcted funds 2023 Total funds 2023 2023 At 30June 2023: Current assetsllliabilitiesl 38.S50 129.3331 9,217 38.550 129.3331 9,217 16 Related party tran5artions There were no dis(losable lated party transactions dvring the year12023- nontl. 11