RegiSter¢d number." 926759
Charity number: 255074
THE WAYS AND MEANS TRUST LIMITED
{A ¢ompany limited by guarantee)
UNAUDITED
COMMIThEE OF MANAGEMENT'S REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025

THE WAYS AND MEANS TRUST LIMITED
IA company Ilmited by guarantee)
CONTENTS
Page
Reference and administrative details of the Charity. its Commlttèe of Management
and advisers
Chairman's statement
Committee of Management's report
Committee of Management's responsibilities ststement
Independent examinerfs report
Statement of financial activities
13
Incotne and expenditure account
Balance sheet
14
15-16
Notes to the financSal statemenls
17-26

THE WAYS AND MEANS TRUST LIMITED
IA company lirnited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS COMMITTEE OF MANAGEMENT
AND ADVISERS
FOR THE PERIOD ENDED 31 JANUARY 202S
Committee of
Management
Andrew Villars, Chairrnan
Christopher Fuller (resigned 29 July 20251
Frederick Mccrindle
Gary Pugh
Eleftheria Spencer
John Beville
Company registered
number
926759
Charity registered
number
255074
Reglstered office
Greenshools Manor Farm
Peppard Common
Henley-on-Thames
Oxfordshire
RG9 SLA
Company secretary
Frances Woolaway
Chief executlve officer
Frsnces Wool8way
Page 1

THE WAYS AND MEANS TRUST LIMrrED
. IA company limited by guarantee)
CHAIRMAN'S STATEMENT
FOR THE PERIOD ENDED 31 JANUARY 2025
The dedicated team of staff and volunteers, together with the management team. have continued lo provide
welfare, purpose and an extended family to Dver forty vulnerable adults with mental, physical or learning
disabilities.
Everyone at the Charity would like lo thank Reading, Wokingham, Oxfordshire, West Berkshire and 8racknell
County Councils who continue to acknowledge the support Ptovided by the Charity.
Highlights resulting from this year's activities in¢lude:
Donation iricome rose by nearly one third. whioh was used to fund the refurblshmenl of the washrooms
and installation of new toilet facilities.
Oeer fencing erected around the main soft fruit and vegetsble beds.
Refurbishment ol the office unit lo extend usable spa￿.
Growing and supplying the plants for Lynne Lambourne's entry to the Chelsea Flower Show.
GroMng the chillis for Johnny Hot StuFls hot sauces.
Converting two small outbuilclings into the Yew Tree Kitchen.
The main fundraising events were..
Festive Fur)draising in November al Sonning Common, a fixture in the local calendar.
Canine Capers, a fun dog show at Caversham Court Gardens.
Bean Pole Day, also at Cavèrsham Court Gardens.
Five open weekend days during spring selling plants and produce.
St Andrews Christm85 market.
Our volunteers remaln an Integral part of the Charity and generously provide their skills, experience and lime.
We have been assisted this year by 180 'tearn day, volunteers, who have been granled 1.OOQ hours away from
their rogular work places, and we continue to be indebted to a team of thirty volunteers, who donate over 2.000
hours of their time regularly to help the Charity and our endeavours.
We are also grateful lo our workshop customers for the ￿ntInUing support they provide, in partlcular to John
George, Fair to Trade, Spinal Research, Richfield Labels and SRUK who provide real work activities for the
trainees. the Charity's beneficiaries. We were chosen once again to be involved with the Look Draw Build
project, a creative le8ming programme that uses the transport teminal of Reading Slalion to inform and inspire
some 500 primary school students every year.
Our trainees, in addition lo socialising with their friends and leaming new ski115, in a safe and rewarding
environrnenl, enjoy workshop and gardening activities. The workshop provides activity for about 10 trainees,
who are occupied in a pa¢king and counting environment, which provides a sense of purpose and teamwork
camaraderte.
Those at Greenshoots, in our gardening setting help grow fwil, vegetables and plants for th8 sile and for resale.
They are fully involved with daily and routine tasks, such as watering, weeding. mowing the grassy areas and
harvesting the produce. We are grateful to our volunteers and staff who tum any excess produce into delicious
jams and chutneys for sale at our many 8venls.
One of the most popular areas of the Charity is our art & craft club. Busy Beos. on Fridays. Attendoes learn
about topical events and use their creativity, with support from our staff. to create interesting and entertaining
items. Though early days for the Yew Tree Kitchen, a few trainees have begL¢n baking and are thoroughly
enjoying expersmenting with flavours whilst baking sweet treats for all lo enjoy.
Page 2

THE WAYS AND MEANS TRUST LIMITED
(A company Ilmited by guarantee}
CHAIRMAN'S STATEMENT ICONTINUED}
FOR THE PERIOD ENDED 31 JANUARY 2025
The Ways & Means Trust Charity like many others in the voluntary sector, has continued to face Commereial and
operational issues due to the cosl-of-living crisis and cuts in adult health-care support. Strict control of costs,
rÈb8tes and generous donations saw the Charity make a most welcome surplus in the year.
Our future outlook remains positive. The consolidation of all activities in one location, on tsrget to be completed
in the early part of the next financial year, will help the Charity in improving ils financial position and most
importantly, increase the range of activities enjoyed ¢ach day by the trainees.
I would like lo personally thank stsff, volunteers and the trainees for their continued support, dedication and
commitment, in addition to my fellow Iruslees who continue to provide their time, skills and experience to enable
the Charity lo fulfil its remit - to provide the trainees with the support they enjoy, plus the personal space to
develop and flourish.
Page 3

THE WAYS AND MEANS TRUST LIMITED
IA company limited by guarantee)
CHAIRMAN'S STATEMENT ICONTINUEDI
FOR THE PERIOD ENDED 31 JANUARY 2025
We are again indebted to the follolfving for their support, which has allowed us to develop and complete projects
for the benefit of all thmughoul the Charity..
3 Mobile
AMCI Europe
Andy Trevorrow
Beville Estate Agents
Blyth Walson
Caversham Arts Trail
D4Dogs
David Gomm
F W Goring
Gardena
Geoff Homsby
Gill Selby
Graham & Maggie Payne
Harmony Choir
Henley Agricultural Association
J Goddard
Janet Offord
Lady Judy McAlpine
Laithwaites
Lynne Lambourne
Margaret Notton
Miss V Abel
Mr P D Evans
Mulberry Tnjst
Nettlebed Farmers
Peppard News & Sonning Common Magazine
Reading Lottery
Ri¢hard & Alison Bennett
Round & About
Simon Willims
Springwater Church, Peppard Common
St Peter's & Sl Paul's Church, Checkendon
Sue Clayton
The Bell BoDkshop, Henley
The Co-op
The Garden Design Company
The Moderation, Caversham
The Veterinary Centre, Henley-on-Thames
Tword Beer Fes
Women's Insti
Sotfning Common, Stoke ROW & Chasey Heath
nd
Date..
Page 4

THE WAYS AND MEANS TRUST LIMITED
(A ¢ompany limlted by guarantee)
COMMITTEE OF MANAGEMENT'S REPORT
FOR THE PERIOD ENDED 31 JANUARY 2025
The CornmittÈe of Management pr6sent their annual report together wth the financi81 statements of the The
Ways and Means Trust Limited for the year 1 February 2024 10 31 January 2025. The Annual rèport seryes the
purposes of both a Committee of Management, rtrport and a dlreclors, report under company law. The
Committee of Management confimi that the Annual report and financial statements of the charitable company
comply with the current ststulory requirements. the requirements of the charitsble companls 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 IFRS1021 leffeclive 1 January 20191.
Since the Charity qualtfies as small under section 382 of the Companies Act 2006, the Strategic report required
of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Report)
Regul8tlOn5 2013 has been omitted.
Objectives and activities
a. Poli¢Ses and objectives
The Charity works with adults who have leaming. physical or mental health disabilities lo provide socialisation
and teamwork opportunities in 8 friendly. person-centred setting to help them to lead rewarding lives. realise their
potential and to build their confidence. 11 engages with Community groups and employers to edlscale on
disability. lo value inclusion and independence.
The 2024125 Business Objectiv8s are..
1. To provide a high quality supportivè anvironment lo the groups we serve.
2. To provide a range of services lo engage the groups we accommodate.
3. fo provide commerclal income streams and lo sustain a range of initiatives.
4. To creatè a surplus wthin the financial plan from developed income streams, which provides the Charity with
a future.
5. To provide a safe working environment for all our groups.
6. To proiqde a welcoming environment lo all our volunteers whilst offering them wtlh rewarding activities.
In setting objectives and planning for activities, the Commlttee of Management have given due ¢onsideration to
general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public
benefit.. running a charity IPB21'.
b. Strategies for achievlng objectives
To provide a balanced activity programme for all our ￿n￿rI¢larIeS Itraineesl in all areas of the Charty-
To provide a range of activities lo slimulale their curiosity, to meet their personal aspirations, increase
their social skills by providing them with supervised activities.
To provide a safe, suppoffj've and caring environment.
To provide opportunities for carers. supporters and families to be involved with day to day aclivilies.
To provide an open and transparent policy of accepting all individuals, whi¢h Celebrates their diversity.
ulture. age, disabilty, etc.
Pagè 5

THE WAYS AND MEANS TRUST LIMITED
IA company Ilmlted by guarantee)
COMMIThEE OF MANAGEMENT'S REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
Objectives and activities Icontinuedl
c. Activities undertaken to achieve objectives
In the year the Charity provided foLrr work areas where these objectives may be met:
. Packaging and warehousing - Unit 26 workshop
Gardening and horticulture- Greenshoots
Socialisalion and core skill training
A creative, art & craft environment- the Busy Bees Club.
We adhere to health and safety and 811 other slalulory obligations,. the major poli¢ies adopted by the company in
pursuit of ils charitable objectives are:
1. To ensure that the services provided are both relevant and accessible to all groups within the community.,
2. To ensure the above is reflected in our publicity and literature.,
3. To eSiminalÈ all discrimination, cultural bias, provocative phraseology and stereotyping from all parts of our
charity.,
4. To translate the 3clivities into aetion, the Charity commits both its staff and resources 1000/0 to Ihts benefrt
of ils Aims.
Achievements and perfomiance
a. Maln achièvoments of the Charity
Wo conkn'nue lo support over 40 adults with leaming disabilities, cyclical mental ill health or physioal disabilities lo
lead rnore fulfilling lives, making friends and growng their community ouJook.
The Charity continues lo be supported by grants and donations and it is our objective to continue these streams
of funding in order lo provide a balanced and year-end surplus.
The Company has drawn up a risk register. which is remewed regulady by th& Committee of Management. This
includes a section on the financial status of the cownpany.
FinancSal review
a. Going concern
After making appropriate enquiries, the Committee of Management have a reasonable expectstion that the
Charity has adequate rèsources to continue in operational existen￿ for the loreseeable future. For this reason.
they continue to adopt the going concern basis in preparing the financial statements. Further details regarding
the adoption of the going concern basis can be found in the accounting policies.
Page 6

THE WAYS AND MEANS TRUST UMITED
IA Company limited by guarante8)
COMMITTEE OF MANAGEMENT'S REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
b. Reserves policy
Each year the Committee of Management reviews the financial position and allocates as appropriate lo surplus
funds, reseNes in accordance with the Reserves Policy.
Reserves are needed to bridge the gap between the spending and receiving of income and lo cover unplanned
emergency repairs and other expenditure. The Committee of Management consider5 that the ide81 lev&1 of
reserves would be bemfeen two and three month's expenditure.
All the assets of the Company are attributable lo unrestricted funds. These assets are sufficient to meet the
Charitys obligations under these funds.
¢. Results for the year
Outllned below is the result for year*nd January 2025.
The Trust had a surplu5 for 2024125 of £13,456. The principal funding sources for the Trust are:
Trainees Ibeneficiariesl £232,143
Donations £40,022
Workshop activity £20,476
Car>leer¢ £10,562
Gr&enshools £14,139
The financial performancg of the Charty is achieved with the support of the Trust's partners. volunteers,
stakeholders and supporters, who are essential to the day lo day organisalion and lon9 term growth of the
Charity.
The Trust conlinuÈs to cope wlh the external pressure. in particular between local authorities, funding rates for
the same services for the trainees.
Structure, govèrnance and management
Constitution
The Ways and Mèans Trust Limited is regislered as a charitable company limited by guarantee and was set up
by a Memorandum of Association.
b. Method$ of appointment or election of Committee of Managemant
The management of the Charity is the responsibilty of the Committee of Management who are elected and co-
opted under the terms of ltte Memoondum ol Association.
Page 7

THE WAYS AND MEANS TRUST LIMITED
(A company Ilmlted by guarantee)
cOMMI￿EE OF MANAGEMENT'S REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 202S
Structure. governance and management (continued)
¢. Organisational structure and declslonamaking policies
The Charity is controlled by th8 involvemenl of an elected Committee of Management. The Chief Executive of
the Charity, Frances Woolaway, is accountable to Ihe Committee of Management, whilst the departmental
managers report, on a day-104ay basis, lo the Chief Executive.
The Committee of Man8gemenl annually review the perform8n¢e and remuneration of the key managèment
personnel, who are the Chief Executive and the Financial Officer.
The Company's Memorandum of Association enforces the following restriclions in the way that the company can
Dperale..
al Any propety subject lo the jurisdiction of the Charity commissioners or the Mlnistry of Education shall not
form the security given on borrowings without the prior approval, consent or authority required by law, and
bl All ineome 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.
d. Pollcles adopted for the induction and training of Cornmittee of Management
New trustees undergo an orienlatiot) period to brief them on..
Their legal obltgations under charity and company law-,
The Charity Commission guidance on public benefit.
The contents of the Mevnorandum and Articles of Assoclatlon.,
. The Committee of Management and the decision-making pro¢esses-,
The business plan and recent financial performance of the Charity.,
Meetings wth the other Trustees, staff, trainees and volunteers.
Trustees are encouraged to attend appropriate external training events, where these will facilitate the
undertaking of their role.
e. Finan¢lal risk management
The Committee of Marbagement 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 satisfied that systems and procedures are
in pl8eE lo mitigate exposure lo the major risks.
Risks have been identified and a programme of mitigation is in place. the key identified risks are=
Maintaining financial stability due lo high dependgncy on income sources to support trainee programmes,
especially in the challenging financial climates.
Governance and management risk of ensuring appropriate levels of skills of Trustees.
Potential loss of key staff and the resultirtg impact on projects and priorities.
M8intsining high levels of customer satisfaction {Irainees and their fundersl.
Lack of compliance in legislation with parb'cular referenc8 to health and safety and vulnerable adults.
Maintaining the security and storage of confidential data.
Page 8

THE WAYS AND MEANS TRUST LIMITED
IA company limited by guarantee)
COMMIThEE OF MANAGEMENT'S REPORT ICONTINUEDI
FOR THE PE1￿0D ENDED 31 JANUARY 2025
Plans for future periods
The Trust's strategic plan over the next three years includes..
1. To consolidate all activities on to one site al Greenshoots.
2. To improve trainee accessibility.
3. To continue to diversify activities to improve funding opportunities.
4. To deliver innovative and profitable workshop activities to underpin the programmes available lo trainees.
5. To increase beneficiary numbers and explore new a¢tivities for funding to support programme delivery.
6. To ensure continued financial viability by securing extemal grant opportunities.
7. To further strengthen links Kqlh the local communits'es in which the TrtJsI Dperales, especially around Henley,
Reading, Wokingham and the South Oxfordshire areas.
Approved by order of the members of the board of Commrtiee of Management on 24 October 2025 and signed
on their behalf by..
Andrew Villa
(Chair Of T@sleesl
Page 9

THE WAYS AND MEANS TRUST LIMITED
IA ¢ompany limited by guarantee)
STATEMENT OF COMMITTEE OF MANAGEMENT'S RESPONS181LITIES
FOR THE PERIOD ENDED 31 JANUARY 2025
The Committee of Management (who are also the directors of the Charity for the purposes of company lawl are
responsible for preparing the Committee of Management's report and the financial statttments in accordance
with applicable law 2nd United Kingdom Accounting Standards Iuniled ￿'ngdorn Generally Accepted Accounting
Practi￿1.
Company law requires the Committee of Management lo prepare finanaal slalemenls for each financial year.
Under company law, the Committee of Management must not approve the financial statements unless they are
satisfied that they give a true and fair view of the slate of affairs of the Charity and of its incoming resources and
application of resources, including its income and expenditure, for that period. In preparing these financial
statements, the Committee of Management are required to..
select suitable accounting policies and then apply them consistendy.,
observe the methods and principles tsf the Charrfcies SORP IFRS 1021,.
make judgments and a¢counts'ng estimates that are reasonable and pnjdent.,
state vthelher applicable UK Accounting Stsndards IFRS 1021 have been followed, subject lo any material
departures disclosed and explained in the financial stslements.,
prepare the financial statements on the going concem basis unless it is inappropriate to presume that th&
Charity will continue in business.
The Committee of Management are responsible for keeping adequate accounting records that are sufficient to
show and explain the Charity's transactions and disdose with reasonable accuracy at any time the financial
position of the Charity and enable them to ensure that the financial statements comply with the Companies Act
2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Committee of Management on 24 October 2025 and signed
on its behalf b
An
illars
(Chair of Trust
Page10

THE WAYS AND MEANS TRUST LIMITED
' IA company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE PERIOD ENDED 31 JANUARY 2025
Independent Examinerfs Reportto the Committee of Management of The Ways and Means Trust
Limited I'the Charity)
I rep¢rt to the charity Committee of Management on my examination of the accounts of the Charity for the year
ended 31 January 2025.
Rèsponsibilitles and 8a$ls of Report
As the Committee of Management of the Charity land Its dlrectors 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 Aol'l.
Having satisfied Myse￿ that the accounts of the Charty are not required lo be audited under Part 16 of the 2006
Act and are eligible for indèpendent examination, I report in respect of my examination of the Charitys accounts
carried out under section 745 of the Charities Act 2011 ('the 2011 Act'l- In carrying out My examination I have
followed the Directions given by the Chartty Commission under section 14515){bl ol the 2011 Act.
Independent Examinerfs Statement
Since the Charity's gross income exceeded £250.000 your examiner must be a member of a body listèd in
section 145 of the 2011 Act. I confirm that l am qualrfied lo undertake the examination because l am a member
of ICAEW, which is one of the listed bodies.
I have completed my examlnation. I confirm that no matters have come lo my attention in connedion with the
examination giving me cause to believe..
accountlng records wère not kepl In respect gf the Charity as required by section 386 of the 2006 Act., or
the accounts do not accord with those records.. or
the accounts do not Comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a Irue and far￿ view which is not a maller considered as part of
an independont examination,. or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommènded Practice for accovnling and reporting by charities lapplicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 102)].
I have no coneerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached.
This report is made solely lo the Charity's Committee of Management. as a b(xly, in accordance with Part 4 of
the Charities (Accounts and R8portsl Regulations 2008. My work has been undertaken so that I might state lo
the Charitys Committee of Management those matters l am required to stale to them in an Independent
examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume
responsibility to anyone other than the Charity and the Charitys Committee of Management as a body, for my
work or for this report.
Signed..
Dated.. 24 October 2025
Page11

THE WAYS AND MEANS TRUST LIMITED
{A company limlted by guarantee}
INDEPENDENT EXAMINER'S REPORT {CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
David Aesbury
FCA
Feltons
1 The Green
Richmond
TVV9 IPL
Page 12

THE WAYS AND MEANS TRUST LIMITED
IA company Ilrnited by guarantee)
STATEMEKf OF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDED 31 JANUARY 2025
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Donations and legacies
Charitable activtties
Other income
40.022
277,376
507
40,022
277,376
507
2T,836
276,197
374
Total income
317,905
317,905
304,407
Expendtture on:
Charitable activities
304,449
304,449
324,438
Total expenditure
304,449
304,449
324,438
Net movement in funds
13,456
13,456
(20.031)
Reconciliation of funds=
Total fvnds broughl foward
Nel movement in funds
80,318
13,456
80,318
13.456
100.349
{20.031)
Total funds carried forward
93.774
93.774
80,318
The Statement of Financial Aelivilies includes all gains and losses recognised in the year.
The notes on pages 17 to 26 form part of these financial statements.
Page 13

THE WAYS AND MEANS TRUST LIMITED
IA ¢ompany Ilmited by guarantee)
SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31 JANUARY 2025
Total funds
2025
Total fvnds
2024
Note
Gross income in the reporting perlod
Less.. Total expenditure
317,905
1304,4491
304,4Q7
(324,438)
Net in¢omellexpenditure} for the reportlng period
13,456
(20,031)
The notes on pages 17 to 26 lorm part of these financial statements.
Page 14

THE WAYS AND MEANS TRUST LIMITED
IA company limited by guarantee)
REGISTERED NUMBER.. 926759
BALANCE SHEET
AS AT 31 JANUARY 2025
2025
2024
Note
Flxed asset$
Tangible assets
11
38,419
32,041
38,419
32,041
Current assets
stocks
12
4,068
50.221
16.510
4,718
42.271
32.439
Debtors
Cash at bank and in hand
13
70,799
79,428
Current liabilities
Creditors.. amounts falling due w((hin one
year
14
115,444)
(51, 75f)
Net Current assets
55,355
48.277
Total assets less current Ilabilities
93,774
80,378
Net assèts excluding penslon asset
93,774
80,318
Total net assets
93,774
80,378
Charlty funds
Restricted funds
Unrestricted funds
16
16
93,774
80,318
Total funds
93,774
80,318
The Charity was entitled lo exemption from audlt under section 477 of the Companies Act 2006.
The members have not required the Company lo obtsin an audit for the year in question in accordance with
section 476 of Compariies Act 2006.
The Committee of Management acknowledge thèir responsibilities for complying with the requirements of the Act
with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordan￿ with the provisions applicable lo entities subject to
thè srnall companies regime.
Page 15

THE WAYS AND MEANS TRUST LIMITED
IA company limited by guarantee)
REGISTERED NUMBER.. 926759
BALANCE SHEET ICONTINUEDI
AS AT 31 JANUARY 2025
The financial statements were approved and authorised for issue by the Committee of Management on 24
October 2025
signeckon their behalf by..
lars
/Ichair of Truste
The notes on pages 17 10 28 fomi part of these financial slatemenls.
Page 16

THE WAYS AND MEANS TRUST LIMITED
IA company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
General Infomiation
The company is a company limited by guarantee. The members of the company are the Trustees named
on page 1. In the event of the companj being wound up, the liability in respect of the guarantee is limited
to £1 per member of the company. The companys Registered Officé is Gre¢nshoots Manor Fami,
Peppard Common, Henley-On-Thames, Oxfordshire RG9 SLA.
Accounting policies
2.1 Basis of preparation of financlal statements
The financial statements have been prepared in accordance with the Charities SORP {FRS 102)
Accounting aF)d Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191. the Financial Reporting Standard
applicable in the UK and Republi¢ of Ireland IFRS 1021 and the Companies Act 2006.
The Ways and Means Trust Limited meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
stsled in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income. ti is probable that the
income will be received and the amount of income receivable can be measured reliably.
Other income is recognised in the period in whieh it is receivable and to the 8Xtgnl tha goods have
been provided or on completion of the servi￿.
2.3 Expendlture
Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit
to a third party, il is probable that a transfer of economic benefits will be required in settlement and
the amount of Ihe obligation can be measured reliably. Expenditure is classified by activity. Thp costs
of each activity are made up of the total of direct costs and shared costs, including support costs
Involved in undertaking &ach activity. Direct costs attributable to a single activity are allocated direcdy
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consistent wth
the use of resources. Central stsff costs are allocated on the basis of lime spent. and depreciation
harges allocated on the portion of the asseys us&.
Expenditure on charltable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associate(I support costs.
All expenditure is inclusive of irrecoverable VAT.
Page 17

THE WAYS AND MEANS TRUST LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
Accounting policies l¢ontinuedl
2.4 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capilalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tar¢gible fixed assets are initially r@cognised al cost. After recognition. under the eost model, tangible
fixed assets are measured at cost less accumulated depreciation and sny aecumulaled impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreci81ion is charged so as to allocate the cost of tangible fixed assets less their residual value
over their eslimaled useful lives,
Depreciation is provided on Ihe following bases..
Lon*torm leasehold property
Plant and machinery
Motor vehicles
12.5 /0 or 15 10 on a stmighl line basis
15 jo on a reducing balance basis
15 Jo on a reducing balance basis
2.5 stocks
Stocks are valued at the lower of cost and nèt réalisable value aftèr making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
2.6 Debtors
Trdde and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bar)k and IN hand includes cash and short-term highly liquid investments wrth a short maturity
of three months or less from the dale of acquisition or oper)Ing of the deposit or similar account.
2.8 Llabllitles and provisions
Liabilities are recognised when there is an obligation at the Balance sheet dale 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 settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it 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 lo sellle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted 8t the pre-tax discount rate that reflects the risks specific lo the liability. The
unwinding of the discount is recognised in the Slalement of flnancial activilles as a finance cost.
Page 18

THE WAYS AND MEANS TRUST LIMITED
{A company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
Accounting pollcles Icontinuedl
2.9 Financial instruments
The Charity only has financial assets and financial liabilitles of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subseqltenly
measured al their settlement value with the ex¢eplion of bank loans which are subsequenlly
measured al amortised cost using the effective interest method.
2.10 Pension5
The Charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Charity to the fund in respect of the year.
2.14 Fund accounting
General funds 8re unreslri¢ted funds which are available for use al the discretion of the Committee of
Management in furtherance of the general objectives of the Charity and whlch have riot been
designated for other purposes.
Income from donations and lega¢ie$
Unrestrl¢ted
funds
2025
Total
funds
2025
Total
funds
2024
Donations
40,022
40,022
27.836
Income from charitable activities
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Income from charitablè activities - Greenshoots
Income from charitable activities - Commercial
Income from charitable activities - Catering
187,188
79,626
10,562
187,188
79,626
10.562
189, 183
77,206
9,808
277,376
277,376
276. 197
Page 19

THE WAYS AND MEANS TRUST LIMITED
IA company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
other incoming resources
Unrestrlcted
funds
2025
Total
funds
2025
Total
funds
2024
Bank interest
507
507
374
Analysis of expenditure on charftable actlvlties
Summary by fund type
Unrestricted
funds
2025
Total
2025
Total
2024
Greenshoots
Commercial
Catering
General overheads
93,120
74,253
10.382
126,694
93,120
74,253
10,382
126,694
98,863
86. 782
11.687
127, 106
304,449
304,449
324,438
alysis of expenditure by activities
A¢tivities
undertaken
directly
2025
Support
osts
2025
Total
funds
2025
Total
fvnds
2024
Greenshoots
Commercial
Catering
General overheads
93,120
74,253
10,382
83,406
93,120
74,253
10,382
126,694
98.863
86, 782
11.687
127,106
43.288
261,161
43.288
304,449
324,438
Total 2024
270,575
53,863
324,438
Page 20

THE WAYS AND MEANS TRUST LIMITED
{A company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
Analysis of expendlture by actlvltles (continuedl
Analysis of support costs
General
overheads
2025
Total
funds
2025
Total
fvnds
2024
Premises costs
Insurane@
Communications
Motor & travel
Other
Governan¢¢ costs
258
6.383
5,752
3,701
20,083
7,111
258
6,383
5,752
3,701
20.083
7,111
1,314
6,407
6.507
3,516
29. 153
6,966
43,288
43,288
53,863
Independent examlner'$ remuneration
2025
2024
Fees payable to the Charit5ls independont examiner for the independerbt
examination of the Charity's annual accounts
2,600
2.500
Stafl costs
2025
2024
Wages and salaries
Contribution lo defined contrabution pension schemes
167,310
4,916
764,933
4. 709
172.226
769,642
Page 21

THE WAYS AND MEANS TRUST LIMITED
IA company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
staff costs (¢ontSnued)
The average number of persons employed by tho Charity during the year was as follows:
2025
2024
No.
Direct charitable activities
Management and administration activities
Mo employee received remuneration amounting to more than £60,000 in either year.
10.
Committee of Management'5 remuneration and expenses
During the year, no Committée of Management received any remuneration or other benefits (2024
£NIL).
During the year ended 31 January 2025, no Committee of Management expenses have besn incurred
(2024 - £NILJ.
11. Tangible fixed assets
Long.term
lèasehold
property
Plant and
machinery
Motor
vehicles
Other fixed
assets
Total
Cost or valuatlon
Al 1 February 2024
Additions
62,916
9.119
271,909
10,000
7.683
1.047
352,508
10,166
Al 31 January2025
72,035
271.909
10.000
8.730
362,674
Depreciation
At 1 February 2024
Charge for the year
48,175
2,632
264,077
1,156
8,215
320,467
3,788
Al 31 January 2025
50,807
265.233
8.215
324,255
Page 22

THE WAYS AND MEANS TRUST LIMITED
IA company limlted by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
Tangible fixed assets {continued)
Long-term
leasehold
property
Plant and
machingry
Motor Other fixèd
vehicles
assets
Total
Net book value
At 31 January 2025
21,228
6,676
1.785
8,730
38.419
At 37 January 2024
14,741
7,832
1,785
7,683
32.041
12. Stocks
2025
2024
Finished goods and goods for resale
4,068
4,718
13. Debtor5
2025
2024
Due within one year
Trade debtors
17.477
31,339
1,405
23,074
16,415
2, 782
Other debtors
Prepayments and accrued income
50.221
42,277
14. Creditors: Amounts falllng due within one year
2025
2024
Bank overdrafls
Trade creditors
other tsxation and social security
Other creditors
Accruals and deferred income
500
125
1,732
5,863
2.025
5.324
22,631
2.510
1,967
3.918
15,444
31,151
Page 23

THE WAYS AND MEANS TRUST LIMITED
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
14. Creditors: Amounts falling due withln one year (continued)
2025
2024
15.
Financial instruments
2025
2024
Financial assets
Financial a8S&ts measured at fair value through income and expenditure
16.510
32,439
Page 24

THE WAYS AND MEANS TRUST UMITED
(A company Ilmltsd by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
16.
Statement offunds
Statement of funds - current year
Balance at 1
February
2024
Balance at
31 January
2025
Income Expanditure
Unrestricted funds
General Funds
80,318
317.905
{304.449)
93,T14
statement of funds- prior year
BaJanGe al
l Febrnary
2023
Balance al
31 January
2024
Income Expendlturè
Unrestrieted funds
General Funds
100,349
304.407
(324,438)
80,318
1Y. Summary offunds
Summary of funds - current year
Balance at 1
February
2024
Balance at
31 January
2025
Incorne Expenditure
General fLtnds
80,318
317,905
1304.449)
93,774
Summary of funds- pTioryear
Balance al
7 February
2023
Balanc8 al
31 January
2024
Income Expenditure
General funds
100,349
304,407
(324,438)
80,318
Page 25

THE WAYS AND MEANS TRUST LIMrrED
(A company Ilmited by guarantÈe}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
1B. Analysls of nèt assets between funds
Analysi$ of net assets between funds - current period
Unre$tricled
funds
2025
Total
fund$
2025
Tangible fixed assets
Curret7t assets
Creditors due wilhin ono year
36,419
70,799
175.4441
38,419
70.799
115,444)
Total
93,774
93,774
Analysis of net assets between funds - prior perlod
Unrestricted Endowmgnl
funds
funds
2024
2024
Total
nds
2024
Tangible fixed assets
cur￿ nl assets
Creditors due wtlhin one year
32,041
79,428
(31, 151)
32,041
79.428
(31, 151)
Total
80,318
80,318
19.
P&nsion cornmttments
The group operates a defined contrib￿lon pension scheme. The assets of the scheme are held separately
from those of the group in ar) independently administered fund. The pension cost charge represents
contributions payabl8 by the group to the fund and amounted to £4,916 (2024 - £4.709) were payable lo
the fund al the balance sheet date and are included in creditors.
Page 26