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2025-03-31-accounts

WAY UK Annual Report 24/25

Charity Information

Charity Name: WAY UK Charity Number: 1206597 Registered Address: The Base, Lyndhurst Crescent, Swindon, SN3 2RW Trustees: Oriana Morrison-Clarke (Chair) Jan 2024 – Present Baba Fagbongbe Jan 2024 – Present Ollie Thornton Jan 2024 – Present Sam Lloyd Jan 2024 – Resigned Dec 2024 Joel Howarth Jan 2024 – Resigned Dec 2024 CEO: Sam Lloyd

2

Contents

04 Introducing WAY UK Introducing WAY UK
04 Our Aim
04 Our Approach
04 Our Values
05 Our Story
06 Structure, Management and Governance
06 Management and Governance
07 Organisation Structure and Decision Making
07 Transition from Gateway Church Swindon
08 Objects and Activities
08 Charitable Objects
08 Activities
09 Achievement and Performance
09 Year Summary
09 WAY Beacons – Hospital intervention
10 WAY Mentors – Long-term mentoring
10 WAY Studios – Creative-based projects
11 WAY Sports – Sports-based projects
12 WAY Changemakers – Youth participation and leadership
13 Financial Review
14 Risk Management
15 Statement of Trustees and Approval

3

Introducing WAY UK

We are a young person-led charity based in Swindon, dedicated to creating lasting change in the lives of children and young people who face disadvantage.

We believe that every project or policy affecting young people should be shaped by young people, in collaboration with subject experts and community partners.

Our aim is to address the challenges that children and young people face, to enable them to reach their full potential and to equip them with the skills and confidence to drive positive change in their communities.

Our approach is to partner with young people, public sector organisations and the wider community to co-produce high-impact, sustainable projects that achieve positive outcomes for children, young people and the wider community.

Rather than running one-off and time limited interventions, we embed each project into a five-stage pathway: Reaching, Journeying, Belonging, Shaping, and Leading. This pathway is designed to engage children and young people at crucial moments, build trusted relationships, foster a sense of community though strength-based activities, and create opportunities for them to shape and lead on projects.

Our values have been shaped by a group of young leaders, committed to ensuring it’s not just what we do, but the way that we do it.

4

Our Story

In March 2023, a diverse group of young people gathered to discuss the needs and challenges young people face in Swindon. We explored how these could be addressed in an effective and relevant way.

Together we asked the question - what if?

What if there is a WAY to drive lasting change by unleashing the power and potential of young people, and by partnering with the wider community?

Motivated by a vision to see lasting change we continued to meet with a core group of young leaders to explore what this could look like. Throughout this process the young leaders recognised that it wasn't just what we do but the way we did it, and so the vision, mission and name of WAY was born.

To give us the time to set up the charity in a co-produced and meaningful way, while still beginning our work and early activities, we partnered with Gateway Church Swindon. They incubated WAY during its first 18-24 months, providing essential support such as governance, policies, financial systems, and insurance. This allowed WAY to start operating smoothly from the outset.

We then partnered with Swindon Borough Council, Wiltshire PCC, EOTAS Schools and The Great Western Hospital to co-create and deliver long-term projects that addressed unmet needs using WAY’s young person-led approach. This is how we established our first projects - WAY Beacons and WAY Mentors.

In January 2024 we set-up as an independent charity, WAY UK, with a commitment to have 50% of trustees as young people. We also set up a Young Leadership Board to feed directly into the board of trustees. We then began the process of slowly transitioning from Gateway Church Swindon into the new charity.

Our momentum continued to build as we worked with a growing number of young leaders and community partners to co-produce innovative projects such as WAY Sports, WAY Studios and WAY Changemakers.

In March 2025, we moved into The Base - a newly renovated £4 million youth centre designed with young people at the heart of every decision. The Base is now home to our work, where you can experience some of our exciting projects in action and meet the inspiring young people who make WAY what it is.

5

Structure, Governance and Management

WAY UK is a Charitable Incorporated Organisation (CIO) governed by a CIO Foundation Model Constitution adopted on 18th January 2024.

Management and Governance

The charity is overseen by the board of trustees, which include expertise in safeguarding, public sector service delivery, and youth engagement, as well as young people under 25 with lived experience of the needs we seek to address.

In December 2024, Sam Lloyd and Joel Howarth stepped down as Trustees and became employees of the charity, taking on the roles of CEO and WAY Sports Lead Facilitator respectively, as they were the most suitable candidates.

We are actively recruiting new trustees with relevant skills and experience. Our recruitment and induction processes ensure that each trustee understands the charity’s work and their responsibilities, supporting strong governance and best practice. When appointing new trustees, we carefully consider the skills, knowledge, and experience needed for the effective administration of the CIO.

The day-to-day operations are managed by the CEO, Sam Lloyd, with oversight from the board of trustees. Our diverse young leadership board play a vital role in shaping WAY UK’s strategic direction and decision making, ensuring that the charity remains young person led.

WAY UK has appropriate risk management, safeguarding, and financial oversight policies and procedures in place, which are regularly reviewed by the trustees.

6

Organisation Structure and Decision Making

The trustees meet quarterly and ensure that WAY UK’s core aims are being met, risks are being managed and that the charity is legally compliant.

Our decision-making framework ensures that young people are at the heart of and directly involved in decision making.

Young Trustees – Young people on the board of trustees, supported in their role to make strategic decisions, sign off budgets and evaluate impact.

Young Leaders – Our board of Young Leaders (trustees, staff, and volunteers), meet quarterly to lead on project design, identifying gaps and opportunities. They are also directly involved in leading different areas of project delivery and community networking.

Young Changemakers – The Young Changemakers meet fortnightly to lead on youth social action projects in partnership with the public sector and community partners. The Young Changemakers also lead on wider youth-led research and advise the Young Leaders on WAY’s decision making.

Active Participants – Young people involved in each of our projects are supported to shape the activity they are involved in.

Transition from Gateway Church Swindon

In 2023, WAY operated as a project under Gateway Church Swindon, which provided essential infrastructure including governance, policies, financial systems, and insurance. In 2024, we began transitioning activities from Gateway to our newly established charity, WAY UK. During this interim period, WAY UK purchased core services from Gateway to ensure continuity and a smooth handover. All staff and fixed assets were successfully transferred from Gateway to WAY UK under TUPE regulations with a final handover in February 2025.

7

Objects and Activities

Charitable Objects

The charitable objects of WAY UK, as stated in the constitution, are as follows.

To advance in life and relieve the needs of young people living in Swindon and the surrounding area, in particular, but not exclusively through:

Activities

The trustees confirm they have complied with their duty to have due regard to the Charity Commission’s guidance on public benefit. Activities undertaken this year include:

8

Achievements and Performance

Year Summary

This year, we continued to work closely with local young people, public sector organisations, and the wider community to build on existing projects and launch new initiatives in response to identified needs and gaps in local provision. As a newly established charity, we also focused on strengthening our infrastructure and systems to ensure we are supporting young people effectively, safely, and sustainably.

In numbers

WAY Beacons

Our award-winning (NHS England, Southwest, IPC Awards) WAY Beacons project continued to support children and young people aged 10-25 at a reachable moment within the Great Western Hospital, connecting them to ongoing support within their community.

Our aim is to break the cycle of hospital reattendance and risk-taking behaviour by ensuring children and young people feel heard, supported and have access to the help they need once they’ve been discharged from hospital. We did this by taking time to get to know each child and young person and co-producing a tailored action plan.

Impact:

105 Children and young people supported

Hospital admission reasons:

Outcomes:

9

WAY Mentors

Our WAY Mentors project continued to support children and young people (CYP) aged 10-25. The mentoring model ensures children and young people are supported long-term with the majority of mentoring matches lasting 12-18 months.

This is made possible by matching young people to a volunteer mentor best suited to them. Each volunteer mentor is trained and equipped to tailor the support to their mentee’s interests and aspirations, as well as needs and challenges.

Our long-term and holistic approach has enabled children and young people to not only attain but sustain long-term positive outcomes, including positive engagement in education, and improved mental wellbeing.

Impact:

45 Young people mentored 23 Volunteer mentors

WAY Studios

We engaged with over 300 children and young people to better understand the broader needs of the town. One key issue that emerged was a lack of opportunities in creative design, digital media, and music – especially for those in areas of deprivation.

In response, we launched WAY Studios to create a space where children and young people can be in community, learn valuable skills, and build confidence through activities such as:

Creative Studio

The Creative Studio launched this year, operating as a young person-led social enterprise, co-producing high quality creative outputs with industry professionals, whilst providing unique opportunities for young people. Creative projects in 2024 included:

10

Music Studio

We have worked closely with the contractors responsible for the renovation of The Base youth centre in the co-design and development of the industry standard music studios. The music studios launched in Marcg 2025 offering provision including music-based mentoring and group-based music production.

Impact:

54 Children and young people supported 10 creative co-production delivered 1 young person received paid employment for their design work

WAY Sports

In response to feedback from children and young people (CYP) and identified gaps in local provision, we launched WAY Sports. This young person-led project uses sport as an engaging tool to reach, connect and provide opportunities for CYP who face disadvantage.

Afterschool World Games

In March, we partnered with 3 North Swindon primary schools to co-create a set of inclusive after-school sessions, inspired by sports and games from around the world, designed to enable CYP to be resilient and positive learners - laying foundations for a confident transition into secondary school in a fun, relational way.

Afghan Refugee Cohort

In November, we began sports sessions, co-produced with Afghan families, to provide their CYP with a welcoming and fun environment to play sport and build community with each other and the coaches. This runs in partnership with the Swindon Borough Council Warm Welcome team.

Impact:

55 Children and young people supported

11

WAY Changemakers

In 2024 we partnered with local children and young people (CYP) to launch our WAY Changemakers project.

The project supports CYP aged 10-25 with a range of lived experiences, passions and skillsets to lead on projects that identify the needs that local CYP face and identify opportunities to drive lasting change in our communities.

The WAY Changemakers model is to partner with a public sector partner, who sets a project brief, the young people are then trained and supported by subject experts to lead on delivering the brief, including conducting wider research, developing projects and advising local decision makers.

Swindon’s Young Changemakers led on:

Impact:

27 Young changemakers involved

16 Coproduction sessions carried out with over 200 children and young people

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Financial Review

For the year ending 31 March 2025, WAY UK reported:

Total income for the year: £209,819 Total expenditure: £77,072 Total funds carried forward at year end: £132,748

This includes:

Principal Funding Sources:

Grants from the local authority, the Office of the Police and Crime Commissioner (OPCC), trusts and foundations, and partnerships supported the majority of our work. We are grateful to our volunteers, donors, and partners who continue to enable our work and growth.

Reserves Policy:

The trustees aim to maintain unrestricted reserves equivalent to three to six months of core operational costs, in line with the charity’s reserves policy, to ensure ongoing financial stability. As of 31 March 2025, unrestricted reserves stood at £57,677, which is currently sufficient to meet foreseeable needs. However, given WAY UK’s projected growth and expanding programme delivery, the trustees intend to increase the level of reserves by the end of the next financial year to remain within the target range set out in the policy.

13

Risk Management

Key risks for WAY include safeguarding, funding sustainability, and staff and volunteer capacity. These are managed through strong safeguarding procedures, continuous fundraising, and comprehensive volunteer training. Additionally, the organisation’s risk register is reviewed quarterly by the board of trustees to ensure effective oversight and timely response to emerging issues.

Each of WAY’s activities is supported by a risk assessment, which the CEO ensures is followed by all staff and volunteers in line with WAY UK’s Risk Management Policy.

To further support resilience, the Trustees have developed a Business Continuity Plan. This plan ensures that WAY can continue delivering essential services during unforeseen disruptions. It also outlines how a diverse range of income sources and project types strengthens the charity’s long-term sustainability. The plan is reviewed at least annually by the WAY UK Trustees.

14

Statement of Trustees and Approval

The trustees of WAY UK are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.

Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008, and the charity’s constitution.

They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the board of trustees and signed on their behalf by:

Signed:

Oriana Morrison-Clarke

Chair of Trustees

WAY UK

28[th] July 2025

15

WAY UK WAY UK WAY UK Charity No
(if any)		 1206597 CC17a
Annual accounts for theperiod
Period start date 18/01/2024 To Period end
date		 31/03/2025
Section A Statement of financial activities
Recommended
categories by activity
Details of own
analysis
Note
Incoming resources (Note 3)
Incoming resources from
generated funds
Voluntary income
S01
Activities for generating funds
S02
Investment income
S03
Incoming resources from
charitable activities
S04
Other incoming resources
S05
S06
Resources expended (Notes 4-8)
Costs of Generating Funds
Costs of generating voluntary
income
S07
Fundraising trading costs
S08
Investment management costs
S09
Charitable activities
S10
Governance costs
S11
Other resources expended
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
Total resources expended
Total incoming resources
Total funds carried forward
Total funds brought forward
Net movement in funds
Net incoming/(outgoing) resources before
transfers
Gains and losses on investment assets
Gains and losses on revaluation of fixed assets
for the charity’s own use
Other recognised gains/(losses)
Net incoming/(outgoing) resources before
other recognised gains/(losses)
Gross transfers between funds		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05
- - - - -
57,677 152,143 - 209,819 -
- - - - -
- - - - -
- - - - -
- - - - -
57,677 152,143 - 209,819 -
- - - - -
- - - - -
- - - - -
- - - - -
0 76,326 - 76,326 -
746 - - 746 -
- - - - -
746 76,326 - 77,072 -
56,931 75,817 - 132,748 -
- - - -
56,931 75,817 - 132,748 -
- - - - -
- - - - -
56,931 75,817 - 132,748 -
- - - - -
56,931 75,817 - 132,748 -

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Section B Balance sheet

Fixed assets
Tangible assets (Note 9)
Investments (Note 10)
Total fixed assets
Current assets
Stock and work in progress
Debtors (Note 11)
(Short term) investments
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within
one year (Note 12)
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after
one year (Note 12)
Provisions for liabilities and charges
Net assets
Funds of the Charity
Unrestricted funds
Restricted income funds (Note 13)
Endowment funds(Note 13)
Total funds
Signed by one or two trustees on behalf of all
the trustees		 Note
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20		 Unrestricted
funds
£
F01		 Restricted
income
funds
£
F02		 Endowment
funds
£
F03		 Total this
year
Total last
year
£
£
F04
F05		 Total this
year
Total last
year
£
£
F04
F05
6,033 1,641 - 7,674 -
- - - - -
- - - - -
6,033 1,641 - 7,674 -
- - - - -
845 - - 845 -
- - - -
93,747 74,176 - 167,923 -
94,592 74,176 - 168,768 -
43,693 - - 43,693 -
50,899 74,176 - 125,074 -
56,931 75,817 - 132,748 -
- - - - -
- - - - -
56,931 75,817 - 132,748 -
56,931 56,931 -
- - -
75,817 75,817 -
- - -
56,931 75,817 - 132,748 -
Signature Date of
approval
Print Name

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

• and with* ✓ Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);

Give details in this box if a different standard has been followed.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.

Give details in this box of any material changes that have been made.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years.

Give details in this box of any material changes that have been made.

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Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING RESOURCES

Recognition of incoming These are included in the Statement of Financial Activities (SoFA) when:
resources • the charity becomes entitled to the resources;
• the trustees are virtually certain they will receive the resources; and
• the monetary value can be measured with sufficient reliability.
Incoming resources with Where incoming resources have related expenditure (as with fundraising or contract income) the
related expenditure incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional entitlement
to the resources.
Tax reclaims on donations Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts which they relate.
Contractual income and This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount
actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
distributed by the charity.
Gifts in kind for use by the charity are included in the SoFA as incoming resources when
receivable.
Donated services and These are only included in incoming resources (with an equivalent amount in resources expended)
facilities where the benefit to the charity is reasonably quantifiable, measurable and material_._The value
placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer help The value of any voluntary help received is not included in the accounts but is described in the
trustees’ annual report.
Investment income This is included in the accounts when receivable.
Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from
revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the
charity to pay out resources.
Governance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee
meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of service or
conditions output to be provided, such grants are only recognised in the SoFA once the recipient of the grant
has provided the specified service or output.
Grants payable without These are only recognised in the accounts when a commitment has been made and there are no
performance conditions conditions to be met relating to the grant which remain in the control of the charity.
Support Costs Support costs include central functions and have been allocated to activity cost categories on a
basis consistent with the use of resources, eg allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use These are capitalised if they can be used for more than one year, and cost at least £100. They
by charity are valued at cost or a reasonable value on receipt.
Investments Investments quoted on a recognised stock exchange are valued at market value at the year end.
Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress These are valued at the lower of cost or market value.
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM THOSE
ABOVE

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Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Other incoming resources
Activities for generating funds
Investment income
Incoming resources from
charitable activities
Voluntary income		 This year
Last year
£
£
Analysis		 This year
Last year
£
£
Analysis		 This year
Last year
£
£
Analysis
Donations andSupport 748 -
Grants 186,051 -
Project Income 23,020
- -
- -
Total 209,819 -
- -
- -
- -
- -
- -
Total - -
Bank interest 2 -
- -
- -
- -
- -
Total 2 -
- -
- -
- -
- -
- -
Total - -
- -
- -
- -
- -
- -
Total - -

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Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts.

Charitable activities
Governance costs
Investment
management costs
Costs of generating
voluntary income
Fundraising trading
costs		 Analysis This year
Last year
£
£		 This year
Last year
£
£
- -
- -
- -
- -
- -
Total - -
- -
- -
- -
- -
Total - -
- -
- -
- -
Total - -
Staff costs 57,414 -
Core expenses 4,500 -
Beaconsproject expenses 777 -
Mentorsproject expenses 1,040 -
Studiosproject expenses 7,588 -
Changemakersproject 3,356 -
Sports project expenses 1,652 -
Total 76,326 -
Insurance 646 -
FundraisingRegulator 60
Information Commissioner 40
AccountingServices -
Total 746 -

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Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

support costs.
Support cost type Fundraising activity
£		 Charitable Activity
£		 Governance Activity
£		 Total Cost
£
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Total - - - -

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).

Number of trustees who were paid expenses
Nature of the expenses
Total amount paid		 This year Last year
0 0
N/A N/A
None None

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

appropriate box(es).
Other fees (for example: advice, consultancy, accountancy
services) paid to the independent examiner or auditor
Independent examiner’s or auditors' fees for reporting on the
accounts		 This year
£		 Last year
£
None None

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Section C Notes to the accounts (cont)

Note 7 Paid employees Please complete this note if the charity has any employees.

7.1 Staff Costs

Fundraising
Charitable Activities
Governance
Other
Total
Gross wages, salaries and benefits in kind
The parts of the charity in which the
employees work
7.2 Average number of full-time equivalent employees in the year
Tax & National Insurance costs
Pension costs
Total staff costs		 Fundraising
Charitable Activities
Governance
Other
Total
Gross wages, salaries and benefits in kind
The parts of the charity in which the
employees work
7.2 Average number of full-time equivalent employees in the year
Tax & National Insurance costs
Pension costs
Total staff costs		 This year
£		 Last year
£
55,889 -
- -
1,525 -
57,414 -
nt employees in the year This year
Number		 Last year
Number
Fundraising - -
Charitable Activities 5 -
Governance - -
Other - -
Total 5 -

7.3 Defined contribution pension scheme

Please complete if a defined contribution pension scheme is operated. Brief details of the scheme

The costs of the scheme to the charity for the year The amount of any contributions outstanding at the year end The amount of any contributions prepaid at the year end

This year Last year
£ £
762 -
- -

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Section C Notes to the accounts (cont)

Note 8 Grantmaking

Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.

8.1 Total value of grants

8.1 Total value of grants
Purpose for whichgrants made Grants to
institutions
Total amount £		 Grants to
individuals
Total amount £
- -
- -
- -
- -
- -
- -
Total - -

8.1 Grantmaking costs

If the charity’s accounts are prepared on the “activity basis” please give details of any support cost associated with grantmaking. Please enter “Nil” if the charity does not identify and/or allocate support costs.

Support costs of grantmaking

£

8.3 Grants made to institutions

If the charity has made grants to particular institutions that are material in the context of its grantmaking please give details of the institution supported, purpose of the grant and total paid to each institution listed. Sufficient information should be given to provide a reasonable understanding of the range of institutions supported.

supported.
Names of institutions Purpose Total amount of
grantspaid £
-
-
-
-
-
-
-
-
-
-
Total grants to institutions -

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Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

Balance brought
forward
Additions
Revaluations
Disposals
Transfers *
Balance carried
forward		 Freehold land
& buildings
£		 Other land &
buildings
£		 Plant,
machinery and
motor vehicles
£
Fixtures,
fittings and
equipment
£		 Payments on
account and
assets under
construction
£		 Total
£
- - - - - -
- - 12,823 - 12,823
- - - - - -
- - - - - -
- - - - - -
- - - 12,823 - 12,823

9.2 Accumulated depreciation and impairment provisions

*Basis*
 Rate
Balance brought
forward
Depreciation charge
for year
Impairment provisions
Revaluations
Disposals
Transfers
Balance carried
forward
Brought forward
Carried forward
9.3 Net book value*		 SL or RB SL or RB SL SL SL or RB SL or RB
- - - - - -
- - - 5,149 - 5,149
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - 5,149 - 5,149
- - - - - -
- - - 7,674 - 7,674

9.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

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Section C Notes to the accounts (cont)

Note 10 Investment assets

Please complete this note if the charity has any investment assets.

10.1 Fixed assets investments

Add/(deduct):net gain/(loss) on revaluation
Carrying (market) value at beginning of year
Carrying (market) value at end of year
Add:additions to investments at cost
Less:disposals at carrying value		 £
-
-
-
-
-

Please provide below:

10.2 A breakdown of the market values of investments shown above agreeing with the balance sheet row B03.

10.3 A breakdown of the income from investments agreeing with SOFA row S03.

10.3 A breakdown of the income from investments agreeing with SOFA row S03.
Analysis of investments
Other investments
Total
Investment properties
Securities not listed on a recognised Stock Exchange
Cash held as part of the investment portfolio
Investments listed on a recognised stock exchange or held in common
investment funds, open ended investment companies, unit trusts or other
collective investment schemes
Investments in subsidiary or connected undertakings and companies		 10.2
Market value at
year end
£		 10.3
Income from
investments for
the year
£
- -
- -
- -
- -
- -
- -
- -

10.4 Material investment holdings

If any single investment is material in terms of its value (for example represents more than 5 per cent of the value of the charity’s total investments) please provide details.

Investment held

Market Value

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Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Analysis of debtors
Trade debtors
Amounts due from subsidiary and associated
undertakings
Other debtors
Prepayments and accrued income
Total		 Amounts falling due
within oneyear		 Amounts falling due
within oneyear		 Amounts falling due after
more than oneyear		 Amounts falling due after
more than oneyear
This year
£		 Last year
£		 This year
£		 Last year
£
0
0
0
0
0
0
0
84
0
0
0
761 0
0
845
0
0
0

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

Loans and overdrafts
Trade creditors
Amounts due to subsidiary and associated
undertakings
Other creditors
Accruals and deferred income
Total		 Amounts falling due
within oneyear		 Amounts falling due
within oneyear		 Amounts falling due after
more than oneyear		 Amounts falling due after
more than oneyear
This year
£		 Last year
£		 This year
£		 Last year
£
- - - -
41,369 - - -
- - - -
2,107 - - -
218 - - -
43,693 - - -

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

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Section C Notes to the accounts (cont)

Note 13 Endowment and restricted income funds

Please complete this section if the charity has any endowment or restricted income funds.

13.1 Funds held

Please give a brief description of any of the following type of funds held by the charity:

Type PE, EE

Fund Name
yp ,
or R
Purpose and Restrictions		 Fund Name
yp ,
or R
Purpose and Restrictions		 Fund Name
yp ,
or R
Purpose and Restrictions
OPCC R WAY Beacons
Blagrave Trust R Core costs
WCF R WAY Mentors
Nationwide R WAY Mentors
SMASH R WAY Studios and WAY Changemakers
OPCC Mural R WAY Studios - Art Mural
Co-OpFood Group R Core costs
OPCC - sports R WAY Sports
Wilts & Swindon Sport R WAY Sports equipment
SBC R WAY Sports equipment
SMASH - The Base staffing R The Base openingevent

13.2 Movements of major funds

Please give details of the movements of the major funds summarised in the restricted and endowment columns of the Statement of Financial Activities.

Fund names Fund
balances
brought
forward
£		 Incoming
resources
£		 Outgoing
resources
£		 Transfers
£		 Gains and
losses
£		 Fund
balances
carried
forward
£
OPCC - 60,000 -60,000 -
Blagrave Trust - 10,000 - 10,000
WCF - 5,000 - 5,000
Nationwide - 10,000 - 10,000
SMASH - 45,802 -2,126 43,676
OPCC Mural - 12,400 -12,400 -
Co-Op Food Group - 500 - 500
OPCC-sports 5,000 - 5,000
Wilts & Swindon Sport 500 -500 -
SBC 1,641 -1,641 -
SMASH-The Base staffing 1,300 -1,300 -
-
-
- -
Total Funds - 152,143 - 77,967 - - 74,176

13.3 Transfers between funds

Please give details of any transfers between funds.

From Fund (Name) To Fund (Name) Reason Amount

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Section C Notes to the accounts (cont)

Note 14 Transactions with related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in note 6) details of such transactions should be provided in this note. If there are no transactions to report, please enter “None” in the relevant boxes.

14.1 Remuneration and benefits

Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee or other related parties by the charity or any institution or company connected with it.

Name of trustee or connected party Legal authority (eg order,
governing document)		 Amounts paid or benefit value Amounts paid or benefit value
This year
£		 Last year
£
None

14.2 Loans

Please give details of and amounts owing to or from the charity’s trustees or other related parties by the charity at the year end.

Due to trustees and
related parties
Due from trustees
and related parties		 Name of trustee or
connected party		 Legal authority Amount owing Amount owing
This year
£		 Last year
£
None

14.3 Other transaction(s) with trustees or related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a trustee or related party has a material interest.

Name of the trustee
or relatedparty		 Relationship to
charity		 Description of the
transaction(s)		 This year
£		 Last year
£
None

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Section C Notes to the accounts (cont)

Note 15 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

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General

Independent Examiner’s Report to the Trustees of WAY UK CIO

Charity Number: 1206597

Year Ended: 31 March 2025

I report on the accounts of WAY UK CIO for the year ended 31 March 2025, which comprise the Statement of Financial Accounts, the Balance Sheet, and the related notes including Trustee reports.

Responsibilities and Basis of Report

As the charity’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.

I have carried out an independent examination of these accounts in accordance with section 145 of the Charities Act 2011. My examination was carried out in accordance with the directions given by the Charity Commission under that Act.

An independent examination involves a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning such matters. The procedures undertaken do not constitute an audit and I do not express an audit opinion on the accounts.

Independent Examiner’s Statement

In the course of my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act 2011; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 2011 have not been met; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Name of Independent Examiner : Idowu Murana, ACCA ACCA #1628227

Address : 80-90 Paul Street, London EC2A 4NE Date of Signature: 02 September 2025

General