Registered number- 926759
Charity number." 255074
THE WAYS AND MEANS TRUST LIMITED
(A company limitsd by guarantee)
UNAUDITED
COMMIThEE OF MANAGEMENTS REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

THE WAYS AND MEANS TRUST LIMITED
{A company limited by guarantee)
CONTENTS
Page
Ref8rence and administrative detail$ of the charlty, its trustees and advlsers
Fojward by the Chairman of the Trustees
Committee of Management's report
Independent examinerfs report
10-11
statement of financial activities
12
Balance sheet
13
Notes to the financial statements
14-24

THE WAYS AND MEANS TRUST LIMITED
(A company Ilmlted by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 JANUARY 2024
Cornmlttee of Management
John Beville
Christopher Fuller
Frederick Mccrindle
Frederick Nickson (resigned 20 November 2023)
Gary Pugh
Eleftheria Spencer
Andrew Villars
Company registered number
926759
Charity registered number
255074
Registered offi¢e
Greenshoots Manor Fami
Peppard Common
Henley-on-Thames
Oxfordshire
RG9 SLA
Company secretary
Frances Woolaway
Chief executive officer
Frances Woolaway
Accountants
Feltons
Chartered Accountants
1 The Green
Richmond
Surrey
TW9 IPL
Bankers
Barclals Bank PIC
POBox27
Reading
Berkshire
RG12HD
Page 1

THE WAYS AND MEANS TRUST LIMITED
(A company limited by guarantee)
FORWARD BY THE CHAIRMAN OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2024
The chaiman presents his statement for the period.
The Ways & Means Trust Charity like many others in the voluntary sector, has continued to face commercial and
operational issues due to the costwof-living crisis and cuts in adult health-care support. As a result of cost
pressures and reduction in donations, the Charity has experienced a deficiL
Despite these challenges the Management Team, ably supported by a small number of dedicated staff and
volunteers, have provided welfare, purpose and an extended family to 41 vulnerable adults with ment81. physical
or learning disabilities.
The Charity would like to thank Reading, Wokingham, Oxfordshire. West Berkshire and Bracknell County
Councils who continue to acknowledge the support provided by the Charity.
Highlights resulting from this yearfs activities include..
Decking by the new kitchen provided by the Rotary Club of Reading Abbey.
Growing some of the plants for Lynne Lamboume's entry to the Chelsea Flower Show.
Growing the chillis for Johnny Hot Stuff5 hot sauces
Our fundraising programme ofr
Festive Fundraising in November at Sonning Common which has now become a fixture in the local
calendar.
Canine Capers, a fun dog show at Caversham Court Gardens.
Bean Pole Day, also at Caversham Court Gardens.
Our volunteers remain an integral part of the Charity and generously provide their skills, expertence and time.
We have been assisted this year by 285 team day volunteers, who have been allowad to give us nearly 1710
hours away from their regular work places, and we conb'nue to be indebted to a team of thirty volunteers. who
donate over 2.000 hours of their lime lo regularly volunteer with us.
We would also like to acknowledge grateful support lo our warehouse customers provide in p2rticular - John
George, Fair to Trade, Spinal Research, Richfield Labels and SRUK who help us to provide work experience
activities for the trainees. We were chosen once again to be involved with the Look Draw Build project, a
creative learning programme that uses the transport terminal of Reading Station to inform, and inspire, some
500 primary school students every year.
Our fvtltre outlook remains positive, although our physicxl Infrastructu￿ at Greenshoots le.g. classrooms,
meeting rooms, poly-tunnelsl continue lo present the Charity with challenges, however a number of dtfferent
options are currently being addressed with OLEr supportive landlord. including consolidation on lo one site, whi¢h
would benefit U5 considerably.
We would like lo thank Mr Fred Nickson, one of our dirertors who resigned during the year. for his tireless work
for the Ch8rity and we are delighted that he has become a Friend of the Charity.
I would like to personally thank the management tearn, staff and volunteers for their continued support,
dedication and hard work in addition to my fellow Tiustees who continue to provide their time, substantial skills
and expertence to enable the Charty to fulfil our remit, providing our Trainees with the support they might not
olhenNise enjoy or be able to personally develop and flourish.
We are again indebted to the following for their SUPPDrt, which has allowed us to develop and complete projects
for the benefit of all throughout the Charity".
Page 2

THE WAYS AND MEANS TRUST LIMITED
{A company lirnited by guarantee)
FORWARD BY THE CHAIRMAN OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2024
Mr & Mrs P Aport
D4Dogs
St Pelefs Church, Caversham
Graham & Maggie Payne
The Bell Bookshop, Henley
Round & About
Henley Agricultural Association
The Moderation, Caversham
Beville Estate Agents
Caversham Arts Trail
Women's Institutes - Sonning Common and Stoke Row
The Garden Design Company
Springwaler Church, Peppard Common
St Peterfs and St Paul'5, Checkendon
The Peppard News
The Rotary Club of Reading Abbey
Miss V Abel
The Veterinary Centre. Henleywon-Thames
Stoke Row Molorsports
Mr P D Evans
Janet Oftord
Chiltern Edge Community Association
Boyes Turner Charity
Inner Wheel Club of Gaversham
Bunty Anna Phillims
Pugh
Caversham Tangent Club
Blylh Watson
Harmony Choir
AB Walker
Sue Clayton
Gardena
Peppard Building Supplies
S&R Gardening
Chance to Dance for Charity
The Cherry Tree
Margaret Notton
The Biscuit Factory
Child Beale Trust
Sue Brennan
Invesco
Laithwaite
Name Andrew
ars
Chai
an of the Trustees
Date
11 October 2024
Page 3

THE WAYS AND MEANS TRUST LIMITED
{A Company Ilmhed by guarantee)
COMMITTEE OF MANAGEMENT'S REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
The Committee of Management present their annual report together wth the financial statements for the period
from the 1 February 2023 to 31 January 2024. The Committee of Management confirm that the Annual Report
and financial statements of the company comply with the current statutory requirements, the requirements of the
company's goveming document and the provisions of the Statement of Recommended Practice ISORPI,
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151 as amended by Update Bulletin 1 leffeclive
1 January 20151.
Since the Company qualifies as small under section 383, the strategic report required of medium and large
companies under The Companies Act 2006 Islralegic Report and Director's Report} Regulalitsns 2013 is not
required.
CHARITY ACTIVITIES AND OBJECTIVES
a. AIMS AND 08JECTIVES
The Charity works with adults who have learning, physical or mental health disabilities to provide training
socialisalion and work experience opportunities in a friendly, person-centred setting to help them to leaci
rewarding lives, realise their potential and to build their confidence. 11 engages wrth community groups and
employers to educate on disability and to value inclusion and independence.
The 2023124 Business Objectives are..
1. To provide a high-quality training environment, work based. to the groups we setve.
2. To provide a range of services to engage the groups we accommodate.
3. To provide commercial income streams 8nd to sustain a range of initiatives.
4. To create a surplus wthin the financial plan from developed income slreams, which provides the Charity with
a future.
5. To provide 8 safe working environment for all our groups.
6. To provide a welcoming and safe environment for all our volunteers providing them with rewarding activities.
In setting objectives and planning for activities, the Committee of Management have given due consideration to
general guidanoe published by the Charity Commission relating to public benefit and in particular to ils
supplementary public benefit guidance.
b. STRATEGIES FOR ACHIEVING OBJECTIVES
To provide a balanced activity programme for all our beneficiaries ltraineesl in all areas of the Charity.
To provide a range of activities to stimulate their education and aspiration, training and social skills by
providing them with supervised activities.
To provide a safe, supportive and caring environment.
To provide opportunities for carers, supporters and families lo be irivolved with day104ay aclivilies.
To provide an open and transparent policy of accepting all individuals, which celebrates their diversity,
culture, age, disability, etc_
Page 4

THE WAYS AND MEANS TRUST LIMITED
IA company Ilmited by guarantee)
COMMIThEE OF MANAGEMENT'S REPORT (contlnued)
FOR THE YEAR ENDED 31 JANUARY 2024
c. ACTIVITIES FOR ACHIEVING OBJECTIVES
In the year the Charity provided three WDrk areas where these objectivgs may be met..
Packaging and warehousing- Unit 26 workshop
Gardening and horbculture- Greenshoots
Socialisalion and core skill training - Busy Bees Social Club
In these areas the Charity provided work experience, job tasters, training and job coaching, designed to support
the individual to realise their polenlial.
In addition to adhere to Health and Safely and other statutory obligations, the major policies adoptsd by the
company in pursuit of its charitable objectives are..
To ensure that the services provided are both relevant and 8¢¢essible to all groups within the community.,
To ensure the above is reflected in our publicity and literature.,
To eliminate all discrimination, cultural bias, provocative phraseology and stereotyping from all parts of
our charity., and
To translate the activities into action, the Charity commits both its staff and reSou￿e$ 1000/0 to the benefit
of itsAims.
Page 5

THE WAYS AND MEANS TRUST LIMITED
IA company limited by guarantee}
COMMIThEE OF kfjANAGEMENT'S REPORT (continued)
FOR THE YEAR ENDED 31 JANUARY 2024
ACHIEVEMENTS AND PERFORMANCE
. REVIEW OF ACTIVITIES
The Charity continues to be supported by grants and donations and it is our objective to continue these streams
of funding in order to provide a balanced and year-end surplus. Outlined below is the result for year-end 2023.
The Company has drawn up a risk register, which is reviewed regularly by the Committee of Management This
includes a section on the financial status of the company.
b. FINANCIAL REVIEW
The Trust had a deficit for 2023r24 of £20,031_ The principal fvnding sourees for the Trust are..
Trainees Ibeneficiariesl
£221,479
Donations
£27,836
Workshop activity
£22,838
Canteen
£9,808
Greenshoots
£13,478
The financial performance of the Charity is achieved with the support of the Tnjsvs partners. volunteers,
stskeholders and supporters, who are essential to the day-lo-day organisation and long-term growth of the
Charity.
The Trust continues to cope with the exlemal pressure, in parttcular bekneen local authorities, funding rates for
the same seNices for the trainees.
Much of the fundraising and aehieving site improvements relies on willing volunteers, which, even during the
pandemic, and in spite of these exceptional circumstances, we still had around 50 volunteers who have helped
us enoirnously.
GOING CONCERN AND RESERVES POLICY
a. GOING CONCERN
After making appropriate enquiries. the Trustees have a reasonable expectation that the company has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements.
b. RESERVES POLICY
Each year the Cornmittee of Management reviews the financlal position and allocates as appropriate to surplus
funds, reserves in accordan￿ wth the Rese￿e5 Policy.
ReseNes are needed to bridge the gap bètween the spending and receiving of income and to cover unplaAned
emergency repairs and other expenditure. Thè Committee of Management considers that the Ideal level Of
reservès would be botween and three month's expend(lure.
All the assets of the Company are attributable to unrestricted funds. These assets are sufficient to meet the
Charity's obligations under these funds.
Page 6

THE WAYS AND MEANS TRUST LIMrrED
IA company limited by guarante¢l
COMMirrEE OF MANAGEMENT'S REPORT (Continued)
FOR THE YEAR ENDED 31 JANUARY 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
a. CONSTITUTION
The comparsy is registered as a Charitable company. limited by guarantee, registered in England and Wales
under company number 00926759. It was sel up by a Tiust deed.
The company is reglstered as a charity with Charity Commission, number 255074.
b. m￿HoD OF APPOINTMENT OR ELECTION OF COMMITTEE OF MANAGEMENT
Trustee recruitment is overseen by the Committee of ManagemenL
None of the Trustees receive remuneration or other benefit from their work with the Charity.
c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF COMMITTEE OF WINAGEMENT
New Iruslees undergo an orientation period to brief them on..
Their legal obligaty'ons under charity and company law,
The Charity Commission guidance on public benefi(
The content5 of the Memorandum and Articles of Asso¢iation',
The Committee of Management and the decision-making protssses.,
The business plan and recent financial performance of the Charity.,
Meetings with the other Trustees, stsff, trainees and volunteers.
Trustees are encouraged to attend appropriate extemal tralnlng events, where these will facilitate the
undertaking of their role.
d. ORGANISATIONAL STRUCTURE AND DECISION MAKING
The Charity is controlled by the involvernent of an elected Committee of ManagemenL The Chief Executive of
the Charity, Frances Woolaway, is accountable lo the Committee of Management, whilst the departmental
managers report, on a day-to-day basis, lo the Chief Exe¢ulive.
The Committee of Management annLtally review the performance and remuneration of the key management
personnel, who a￿ the Chief Executive and the FinanGial Officer.
The Company's Memorandum of Association enforGe5 the following restrictions in the way that the company can
operate..
al Any propety subject to the jurisdiction of the Charity Commissioners or the Ministry of Education shall not
fom the se¢urily given on borrowings wthout the prior approval, consent or authority required by law.. and
bl All income and propety of the charitable company shall be applied towards the charitable objectives and no
proportion should be transferred either directly or indirecuy to the members of the charitable company.
Page 7

THE WAYS AND MEANS TRUST LIMrrED
IA company limited by guaranteo)
COMMITTEE OF MANAGEMENT'S REPORT (continued)
FOR THE YEAR ENDED 31 JANUARY 2024
The Committee of Management are responsible for reviewing the potential investrnents of the charitsble
company. The Committee do not have any specific investment powers.
. RELATED PARTY RELATIONSHIPS
The Charity has no related paty relationships.
f. RISK MANAGEMENT
The Committee of Managemer¢l have assessed the major risks to which the company is exposed, in particular
those related to the operations and finances of the company, and are sab"sfied that systems and procedures are
in place to mitigate our exposu￿ to the major iisks.
Risks have been identified and a programme of mitigation is in place., the key identified risks are..
Maintaining financial stsbility due to high dependency on income sourcès to support trainee programmes
and welfare.
Govemance and management risk of ensuring appropriate levels of skills of Trustees.
Potential loss of kèy stsff and the regults.ng impact on projects and priorities.
Maintsining high levels of customer satisfaction (trainees and their fundernl.
Lack of compliance in legislation with particular referen￿ to health and safety and vulnerable adults.
Maintsining the security and storage of confidential data.
PLANS FOR FUTURE PERIODS
. FUTURE DEVELOPMENTS
The TrusY5 Strategic plan over the next three years includes..
To improve trainee a¢¢essibility, in particular within Groenshoots.
To Continue to diversify activities al both sites to improve funding opportunities.
To deliver innovative and profitable workshop activities to underpin the programmes available to trainees.
To increase beneficiary numbers and explore new activities for funding to support programme delivery.
To ensure continued financial viability by securing external grant opportunities.
To fLJrther strengthen links with the local communities in which the Trust operates. especially around
Henley, Reading, Wokingham and the South Oxfordshire areas.
To explore the financial viability of operating on one site.
Page 8

THE WAYS AND MEANS TRUST LIMITED
IA company Ilmlted by guarantee)
COMMirrEE OF MANAGEMENTS REPORT {conts'nued}
FOR THE YEAR ENDED 31 JANUARY 2024
COMMITTEE OF MANAGEMENT RESPONSIBILITIES STATEMENT
The Committee of Management (who are also directors of The Ways and Mèans Trust Limited for the purposes
of company lawl are responsible for preparing the Committee of Management's report and the financial
statements in accordance wtlh applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
Company law requires the Committee of Management lo prepare financial statements for each financial year.
Under company law the Committee of Management must not approve the financial statements unless they 8re
satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incorning
resources and application of resources, including the income and expenditure, of the charitable company for that
period. In preparing these financial ststemenls, the Committee of Management are required to..
select suitable accounting policies and then apply them consistently.,
obseNe the methods and principles in the Charities SORP.,
make judgments and accounting estimates that are reasonable and prudent.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume thst the
charitable company will continue in operation.
The Committee of Management are responsible for keeping adequate accounting records that are sufficient lo
show and explain the Charitable cornpany's transactions and disclose with reasonable accuracy at any time the
Inancial position of the charitablè Company and enable them lo ensure that the financial statements comply with
the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and
hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report
as approved by the Committee of Management, on 11 October 2024 and signed on their behalf by:
Andrew Vll
Chairman of the Trustees
Page 9

THE WAYS AND MEANS TRUST LIMITED
{A Cornpany limited by guarantee}
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 JANUARY 2024
INDEPENDENT EXAMINER'S REPORT TO THE COMMITTEE OF MANAGEMENT OF THE WAYS AND
MEANS TRUST LIMITED Ithe'company'l
I report lo the charity Committee of Management on my examination of the accounts of the company for the year
ended 31 January 2024.
This report is made solely to the company's Committee of Managemenl, as a body, in accordance with Part 4 ot
the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to
the company's Committee of Management those matters l am required to stale lo them in an Independent
examiners report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume
responsibilty to anyone other than the company and the company's Committee of Management as a body, for
my work Dr for this report.
RESPONSIBILITIES AND BASIS OF REPORT
As the Committee of Management of the company (and its directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006
I'lhe 2006 Acl'l.
Having satisfied myself that the accounts of the company are not required to be audlted under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of rny examination of the company's
accounts carried out under section 145 of the Charities Act 2011 I'the 2011 ACVI. In carrying out my examination
I have followed the Directions given by the Charity Commission under section 145{5llb) of the 2011 Act.
Page 10

THE WAYS AND MEANS TRUST LIMITED
{A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT Icontinuedl
FOR THE YEAR ENDED 31 JANUARY 2024
INDEPENDENT EXAMINER'S STATEMENT
Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. l ¢onfimi that l am qualified lo undertake the examination because l am a member
of Institute of Chartered Accountants in England in Wales, which is one of the listed bodies.
I have wmpletecj my examination. I can confirm that no matters have Come to my attention in connects.on with
the examination giving mg cause to believe..
accounting records wero not kept in respect of the company as required by se¢tion 386 of the 2006 Act.,
or
the accounts do not accord with those records,. or
the am)unts do not comply wth the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of
an independent examination", or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Pracb"ce for accounting and reporting by charities lapplicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of
Ireland IFRS 102}1.
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 to enable a proper understanding of the accounts to be reached.
Dated.. 11 October 2024
David Aesbury FCA
Feltons
Chartered Accountants
1 The Green
Richmond
Surrey
TW9 1PL
Page 11

THE WAYS AND MEANS TRUST LIMITED
IA company lilnited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2024
Unrèstricted
funds
2024
Totsl
funds
2024
Total
furFds
2023
Note
INCOME FROM:
Donations and legacies
Charitable activities
Other income
27.836
276,197
374
27,836
276,197
374
41.687
279,193
57
TOTAL INCOME
304.407
304,407
320, 937
EXPENDITURE ON..
Other charitsble activities
324,438
324.438
318,949
TOTAL EXPENDITURE
324,438
324,438
318,949
NET INCOME I (EXPENDITURE) BEFORE OTHER
RECOGNISED GAINS AND LOSSES
NET MOVEMENT IN FUNDS
120.0311
(20,0311
120.031)
{20,031)
1,988
1,988
RECONCILIATEON OF FUNDS:
Total funds brought forward
100.349
100,349
98.361
TOTAL FUNDS CARRIED FORWARD
80.318
80,318
100,349
The notes on pages 14 to 24 form part of these financial slatemenls.
Page 12

THE WAYS AND MEANS TRUST LIMITED
IA company limited by guarantee)
REGISTERED NUMBER: 926759
BALANCE SHEET
AS AT 31 JANUARY 2024
2024
2023
Note
FIXED ASSETS
Tangible assets
CURRENT ASSETS
stocks
Debtors
Cash at bank and in hand
12
32.040
27.g78
13
14
4.718
42.271
32.315
4,250
43,100
42,080
79A04
69,430
CREDITORS: amounts falling due within
one year
15
{31,026)
(17,059)
NET CURRENT ASSETS
48,278
72,3TI
NET ASSETS
80,318
100,349
CHARITY FUNDS
Unreslricled fijnds
17
80.318
tOO,349
TOTAL FUNDS
80,318
100,349
The company's finsncial statements have been prepared in accordan¢e wth the provlsions applicable to
mpanies subject to the small companies regime.
The Committee of Management consider that the company is entitled to exemption from the requirement to have
an audit under the provisions of section 477 of the Companies Act 2006 1.the Acfl and members have not
required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The Committee of Management acknowledge their responsibilities for complying with the requirements of the
Companies Act 2006 with respect to accounting records and the preparation of financial stalements.
The financial statements were approved and authorised for issue by the Committee of Management on 11
October 2024 and signed on their behalf, by..
Andrew Villa
Chairnian of the Trustees
The notes on page$ 14 to 24 forrn part of these financial statements.
Page 13

THE WAYS AND MEANS TRUST LIMITED
IA company1Smlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
ACCOUNTING POLICIES
The principal accounting policies, which were adopted in the preparation of the financial statements, are
set out below.
1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities-. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporbng Standard applicable in the UK and Republic of Ireland IFRS
1021 (effective 1 January 20151- (Charities SORP IFRS 102}I, the Financial Reporting Standard
appli¢able in the UK and Republic of Ireland {FRS 102} and the Companies Act 2006.
The Ways and Means Trust Limited meets the definition of a public benefit entty under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value Ltnless otherwise
stated in the relevant accounting policy.
1.2 COMPANY STATUS
The company is a company limited by guarantee. The members of the company are the Committee
of Management named on page 1. In the event of the company being wound up, the liability in
respect of the guarantee is limited to £10 per member of the company.
1.3 FUND ACCOUNTING
General funds are unrestricted funds which are available for use al the discretion of the Committee
of Management in furtherance of the general objectives of the company and which have not been
designated ft>r other purposes.
1.4 INCOME
All income is recognised once the company has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Donated *rvices or facilities are recognised when the company has control over the item, any
conditions associated with the donated item have been met, the receipt of economic benefit from the
use of the company of the item is probable and that economic benefit can be measured reliably. In
awordar¢ce with the Charities SORP IFRS 1021, the general volunteer time of the Friend5 15 not
recognised and refer to the Committee of Management's report for more infomiation about their
contribution.
On receipt, donated professional servi￿$ and donated facilities a￿ recognised on the basis of the
value of the gift lo the company which is the amount the company would have been willing to pay to
obtain setvices or facilities of equivalent economic benefit on the open market., a corresponding
amount is then recognised in expenditure in the period of re￿Ipl.
Page 14

THE WAYS AND MEANS TRusf LIMITED
IA company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
ACCOUNTING POLICIES {continuedl
1.5 EXPENDITURE
Expenditure is recognised once there is a legal or Constructive obligation to transfer econornic
benefit to a third party, it is probable that a transfer of economic benefits will be requlred in
Settlement and the amount of the obligabon can be measured reliably. Expenditure is classified by
activity. The Gosts of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs allributable to a single
acb.vity are allocated directly to that activity. Shared costs which contribute to more than one activity
and support costs which are ftot attributable to a single activity are apportioned be￿een those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of time spent, and depreciation charges sllocated on the portion of the asset's use.
Support costs a￿ those costs incuryed directly in support of expenditure on the objects of the
company.
Charitable activities and Govemance costs are cost5 incurred on the company's educational
operations, including support costs and costs relating to the governance of the company apportioned
lo charitable a¢livities.
1.6 GOING CONCERN
The financial statements are prepared on a going concerFI basis.
1.7 TANGIBLE FIXED ASSETS AND DEPRECIATION
A review for impairment of a fixed asset is carried out if events or changes in circumstances indi¢ate
th8t the carrying value of any fixed asset may not be recoverable. Shortfalls belween the carrying
value of fixed assets and their recover8ble amounts are recognised as impairments. Impairment
losses are recognised in the Stst¢ment of financial activities incorporating income and expenditure
account.
Tangible rtxed assets are carried al cost, net of depreciabon and any provision for impairment.
Depreciation is provided al rates calculated to write off the cost of fixed assets, less their eslimaled
residual value, over their expected useful lives on the following bases..
Freehold propety
Plant and machinery
Motor vehicles
12.50/0 or 15 /tr on a straight line basis
150/0 on a reducing balance basis
15010 on a reducing balance basis
1.8 STOCKS
Stocks are valued at the lower of cost and nel realisable value after making due allowan￿ for
obsolete and slow-moving stocks. Cost includes all direct Costs and an appropriate proportion of
fixed and vari8ble overheads.
1.9 INTEREST RECEIVABLE
Interèst on funds held on deposit is included when receivable and the amount can be measured
reliably by the company., this is normally upon notification of the interest paid or payable by the Bank.
Page 15

THE WAYS AND MEANS TRUST LIMITED
IA company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
ACCOUNTING POLICIES (continued)
1.10 DEBTORS
Trade and other debtors are recognised at the settlement amount after any trade dis¢ounl offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.11 CASH AT BANKAND IN HAND
Cash at bank and in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
1.12 LIABILrriES AND PROVISIONS
Liabilities are recognised when there is an obligation at the Balan￿ Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the
amount of the selllement can be estimated reliably. Liabilities are recognised at the amount that the
company anticipates il will pay to settle the debt or the amount it has received as advanced
payments for the goods or services il must provide. Provisions are measured at the best estimate of
the amounts required to settle the obligation. Where the effect of the time value of money is
material, the provision is basecl on the present value of those amounts. discounted at the pre-tax
discount rate that reflects the risks specific to the liability. The unwinding of the discount IS
recognised within interest payable and similar charges.
1.13 FINANCIAL INSTRUMENTS
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments.
Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value wtlh the exception of bank loans which are
subsequently measured al amortised cost using the effective interest method.
1.14 PENSIONS
The company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the ¢ompany to the fund in respect of the year.
1.15 BASIS OF COST APPORTIONMENT
Costs which are not dire¢Uy allributable to a specific charitable activity are allocated lo the charilsble
activib'es on the basis of the income of the individual charitable activities as a proportion of the total
income from charitable activities.
Page 16

THE WAYS AND MEANS TRUST LIMITED
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
ACCOUNTING POLICIES {continuedl
1.16 GRITICAL ACCOUNTING ESTIMATES AND AREAS OF JUDGEMENT
Estimates and judgments are continually evaluated and are based on historical experience and other
factors. including expectations of future events that are believed to be reasonable under the
circLFmstances.
Critical accounting estimates and assumptions..
The Charity makes estimates and assumptions conceming the future. Thè resulting accoLJnling
estimates and assumptions will, by definition, seldom equal the related actual results. The estimates
an¢J assumptions that have a significant risk of causing a material adjustment lo the Carrying
amounts of assets and liabilities within the next financial year are discussed below.
Critical area5 of judgment..
(il Assessing indicators of impairment
In assessing whether there have been any indicators of impaiment of assets, the Trustees have
considered both external and internal sources of information such as market conditions,
counlerpatty credit ratings and experience of recoverability. There have been no indicators of
impairment identified during the current financial year.
INCOME FROM DONATIONS AND LEGACIES
Unrestri¢ted
funds
Total
funds
Tot81
funds
2023
2024
2024
Donation
27,836
27,836
41,687
Total 2023
41,687
41,687
INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
funds
2024
Total
funds
2024
Total
.fund5
2023
Greenshoots
Commerci81
Catering
189,183
77,206
9,808
189.183
77,206
9,808
181,920
89, 786
7,487
276.197
276,197
279, 193
Total 2023
279, 193
279. 193
Page 17

THE WAYS AND MEANS TRUST LIMITED
IA company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
OTHER INCOMING RESOURCES
Unrestricted
funds
2024
Total
tunds
2024
Tot81
funds
2023
Bank Interest
374
374
57
374
374
57
Total 2023
57
57
GOVERNANCE COSTS
Unrestricted
funds
2024
Totsl
funds
2023
Independent Examinels fees
Bank charges
L￿al 8nd professional fees
Depreciation - tangible fixed assets
2,500
513
173
3.780
2,538
502
416
5, 776
6.966
9,232
DIRECT COSTS
General
ov*rheads
Total
2024
Total
2023
GrÈenshoots Commercial
Catsring
Other
Wages and
salaries
Pension cost
39,519
49,727
11,686
100.932
108,545
58,338
1,006
36,411
70.184
3,058
164,933
4,709
164,877
4,599
98,863
86,783
11.686
73,242
270,574
278,021
Total 2023
lQ4,185
94,858
7,382
71,596
278.021
Page 18

THE WAYS AND MEANS TRUST LIMITED
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
SUPPORT COSTS
General
Overheads
Total
2024
Tot81
2023
Premises costs
Insurance
Communications
Motor & travel
Other
1,314
6,407
6,508
3,516
29,153
1.314
6.407
6,508
3,516
29,153
1,472
5,618
8, 696
4,404
11,506
46,898
46.898
31,696
Totsl 2023
31,696
31,696
Page 19

THE WAYS AND MEANS TRUST LIMITED
IA company Ilmlted by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
ANALYSIS OF EXPENDITURE BY ACTIVITIES
Activities
undertaken
directly
Support
costs
2024
Total
2024
Total
2023
2024
Greenshoots
Commercial
Catering
Genetal overheads
98,863
86,783
11,686
73,242
98,863
86,783
11,686
120,140
f04,185
94, 857
7,382
103,292
46.898
Total 2024
270,574
46,898
317,472
309, 716
Totsl 2923
278,020
31,696
309, 776
NET INCOMEI{EXPENDITUREI
This 1$ Staled after charging.
2024
2023
Depreciatiori of tangible fixed assets-.
- owned by the charity
Pension costs
Independent examineff s fee
3,780
4,709
2,500
5.775
4,599
2.500
During the year, no rnember of the Committee of Managemer3t received any remuneralion12023 - £NIL}.
During the year, no Committee of Management received any reirnbursement of expenses12023 - £NIL}.
10. INDEPENDENT EXAMINER'S FEE
The Independent Examiner's remuneration amounts to an Independent Examination fee of £2,SOO (2023 -
£2,50QI.
Page 20

THE WAYS AND MEANS TRUST LIMITED
{A company limited by guarantfre)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
11. STAFF COSTS
Stsff costs were as follows-.
2024
2023
Wages and salaries
Other pension costs
164,933
4,709
164,877
4,599
169,642
169,47$
The average number of persons employed by the Company during the year was as follows:
2024
2023
Direct charitable activities
Management 2nd administration of charity
No employee received remuneration amounting to more than £60,000 in either year.
The aggregate remuneration of key management personnel is £40,10312023.' £38,078).
12. TANGIBLE FIXED ASSETS
Leasehold
propèrty
Plant and
ma¢hinery
Motor
vehicles Building Work
Totsl
COST
At 1 February 2023
Additions
61.092
1.824
270,432
1,476
10.000
3,141
4,542
344,665
7,842
At 31 January 2024
62,916
271.908
10,000
7,683
352,507
DEPRECIATION
Al 1 February 2023
Charge for the year
45.961
2.214
262.826
1.251
7,900
315
316,687
3.780
At 31 January 2024
48.175
264,077
8,215
320.467
NET BOOK VALUE
At 31 January 2024
14.741
7,831
1,785
7.683
32,040
At 31 January 2023
15, 131
7,606
2, 100
3, 141
27,978
Page 21

THE WAYS AND MEANS TRUST LIMITED
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
13. STOCKS
2024
2023
Raw materials
Finished goods and goods for resale
3.709
1.009
3, 750
500
4.718
4,250
14. DEBTORS
2024
2023
Trade debtors
Other debtors
Prepayments and accrued income
23,074
16.415
2.782
27,436
11,985
3,679
42,271
43,100
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Other taxation and social securrty
Other creditors
Attruals and deferred income
22.631
2.510
1,967
3.918
4,417
5, 669
2,394
4,579
31,026
17,059
16. FINANCIAL INSTRUMENTS
2024
2023
Financial assets measured al amortised cost
74.586
85, 180
Financial liabilities measured at amortised cost
31,026
17,059
Financial assets measured at amortised cost comprise bank balan￿s, trade debtors and other debtors.
Financial liabilities measured at amortised cost comprise trade creditors, other creditors and accruals.
Page 22

THE WAYS AND MEANS TRUST LIMITED
IA company limited by guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
17. STATEMENT OF FUNDS
STATEMENT OF FUNDS- CURRENT YEAR
Balance at 1
Fèbruary
2023
Balance at
31 January
2024
In¢ome
Expenditure
UNRESTRICTED FUNDS
General Funds - all funds
100,349
304A07
{324A38}
80.318
STATEMENT OF FUNDS- PRIOR YEAR
Balance al
l February
2021
Balan￿ at
31 January
2023
In￿me Expenditu
UNRESTRICTED FUNDS
General Funds - all funds
98,361
320,937
(318,949)
100,349
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR
Unrestricted
funds
2024
Tangible fixecl assets
Current assets
Creditors due within one year
32.040
79,304
131.0261
80,318
ANALYSIS OF NET ASSETS BEfwEEN FUNDS - PRIOR YEAR
Unrestricted
funds
2023
Tangible fixed assets
Current assets
Creditors due within one year
27,978
89,430
(17,059)
100.349
Page 23

THE WAYS AND MEANS TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
19. PENSION COMMITMENTS
The company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the company in an independently sdministered fund. Contributions tolalling
£1,96712023 - £2,026) were payable to the fund at the Balance Sheet dale and are included in creditors.
20. RELATED PARTY TRANSACTIONS
There have been no related paty transactions Ih8t have taken place during the year.
Page 24