2025-07-31-accounts

(yx) Smailes Goldie WAH CHARTERED ACCOUNTANTS

REGISTERED COMPANY NUMBER: 02953857 REGISTERED CHARITY NUMBER: 1049059 SCOTTISH REGISTERED CHARITY NUMBER: SC040325

Smailes Goldie Copy

The No Way Trust Limited (A Company Limited by Guarantee)

Financial Statements

31 July 2025

PATON OL $D-0221706-1-6

The No Way Trust Limited

Contents of the Financial Statements for the year ended 31st July 2025

		Page
Report oftheTrustees	1	to	10
Report ofthe IndependentAuditors	11	to	13
Statement of Financial Activities		14
Balance Sheet		15
Cash Flow Statement		16
Notes to the Cash Flow Statement		17
NotestotheFinancialStatements	18	to	26

The No Way Trust Limited (Registered number: 02953857) Report of the Trustees for the year ended 31st July 2025

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report along with the financial statements of the charity for the year ended 31st July 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), effective from 1 January 2019.

Chief Executives Report for Year ending 31st July 2025

Our frontline services remained strong in the reporting year, and it was another period of solid progress. The squeeze on education budgets, cost of living crisis, additional National Insurance Employer Contributions, ever rising hotel costs and higher than forecast inflation, have though been challenging. Forward bookings for 1st September 2025 to 31st December 2025 were initially slower than forecast and there were concerns that the autumn school term could be impacted. The No Way Trust team worked determinedly and tirelessly to recover the situation with over 90% of available capacity to 31st July 2026 now taken. Forward bookings for the academic year September 2026 to July 2027 are also already being received.

Financially, even in an uncertain financial climate for all charities, it has been a good year for The No Way Trust Charity, which despite all the challenges, including a relatively small end of year loss of £1,925, overall charity reserves remain positive. Internal restructuring and continued regionalisation of operations, where we now mainly work within a radius of miles over one week, enabled the charity to further reduce day to day operational costs and travel for our staff in support of their health and well-being, whilst maintaining outstanding frontline service delivery. The No Way Trust Ltd can be proud of its staff and achievements. We will though never be complacent and must be prepared for all eventualities, and further operational savings have been calculated into the fiscal year August 2025 to July 2026.

Demand for our charity interventions remains high with requests received almost daily, though location is often a determining factor in what enquiries can be progressed. We have though taken on new business where we possibly can. Where we have been unable to offer our services, we have signposted enquires to other local initiatives who may be able to respond to their needs.

Hate Crime, Knife Crime, Gun Crime, County Lines, Drugs, Gang Rivalry, Violence, Domestic Abuse, Social Media Misuse, Exploitation, Anti-Social Behaviour etc, continues to be a cause for concern, with instances sadly related to many young lives lost and a blight on so many other young lives. These issues and emergence of artificial intelligence misuse, and more are featured in the days that we can provide through the generosity of our staunch supporters.

We continue to offer three ever evolving main programmes; Your Choice Days - for Primary school children aged 9 to 11; Crime and Safety Awareness Days - for secondary school young people aged 12 to 16; and a range of bespoke presentations for young people aged between 11 & 18. We again worked face to face with over 40,000 children and young people during this fiscal year. At the time of writing we have 128 Crime and Safety Awareness Days & 24 Primary School 'Your Choice Days' forward bookings confirmed for the period 1 September 2025 to 31 July 2026 which is in line with this reporting year; bespoke presentations are also stable.

It has been my enormous privilege to have headed up this great charity for almost 33 years. The No Way Trust Ltd Charity shall be forever thankful and appreciative for the generous support of so many grant making organisations, individual donations, partner organisations and for the educational sectors trust in our learning services. Every grant and donation received is warmly welcomed and we provide every child or young person we encounter with a learning experience that is memorable and life enhancing; pivotal to ensuring the continuance of our great charity and the important work that we do. This charity will remain forever indebted to you alll.

Paul Wilkinson The No Way Trust Chief Executive

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The No Way Trust Limited (Registered number: 02953857)

Report of the Trustees for the year ended 31st July 2025

STRATEGIC REPORT

Financial results

As a small charity The No Way Trust Ltd qualifies for an ‘Independent Examination’. For reasons of transparency, Trustees voluntarily require a full Independent Annual Audit’ be carried out, far exceeding legislative requirements. The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements.

Reserves

Despite the prudent financial management and more regionally focussed working strategy, the Trust posted a small year-end deficit of £1,925. The Trustees consider it to have been another very successful year for The No Way Trust in the extremely challenging economic environment.

The Board of Trustees have established a reserves policy whereby the unrestricted funds held by the charity should be between 3 to 6 months of the resources expended. Trustees remain focussed on achieving this level of reserves at the earliest opportunity.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity, founded in 1993, is registered with the Charity Commission under registration number 1049059 and the Office of the Scottish Charity Regulator SC040325 and at Companies House as a nonprofit making Company Limited by Guarantee registration number 02953857. In the event of the company being wound up, each member has guaranteed to contribute to any liabilities to a maximum amount of £10 each. The charity is governed by Memorandum and Articles of Association agreed and adopted 25th August 1995 and amended by special resolution 8th March 2004, further amended 19th January 2009 and ‘Articles of Association’ 11th September 2017.

Recruitment and appointment of management committee

The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Management Committee. A Trustee shall be appointed by resolution of the Trustees for a term of three years and at the expiry of that term and any subsequent terms approved by the Trustees shall be eligible for re-appointment by the Trustees for another three-year term or such other term as the Trustees shall determine at their discretion.

The Management Committee seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body.

Organisational structure

Trustees meet five times annually for general meetings and once a year for the Annual General Meeting which usually takes place in January. At present the Committee has four members from a variety of professional backgrounds relevant to the work of the charity.

A scheme of delegation is in place and day to day responsibility for the provision of the services rest with the Chief Executive. The Chief Executive is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met.

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The No Way Trust Limited (Registered number: 02953857)

Report of the Trustees

for the year ended 31st July 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Induction and training of new trustees

Most trustees are already familiar with the practical work of the charity having been involved for several years. Additionally, new trustees are invited and encouraged to attend a series of short training sessions (of no more than an hour) to familiarise themselves with the charity and the context within which it operates. These are jointly led by the Chair of the Management Committee and the Chief Executive of the charity and cover:

• The obligations of Management Committee members. (A copy of the Charity Commission Essential Trustee booklet CC3 and CC3a are normally provided.)

• The main documents that set out the operational framework for the charity are included in the 'Articles of Association’.

• Resourcing and the current financial position as set out in the latest published accounts.

• Business plan and objectives.

Risk management

The Management Committee has conducted a review of the major risks to which the charity is exposed. A risk register has been established and is constantly under review, being updated at least annually. Appropriate Safe Systems of Work or other procedures have been adopted to mitigate these risks.

Significant external risks to funding have led to the development of a strategic plan which will allow for the diversification of funding and activities. Internal control risks are minimised by the sub-finance committee and procedures for authorisation of all transactions and projects. Procedures are in place to ensure compliance with health and safety of staff, volunteers, and beneficiaries.

Public benefit

In presenting this report Trustees have regard for the Charity Commission's guidance on public benefit and consider that this falls within "The Advancement of Education for the Public Benefit".

• The outcomes of The No Way Trust, following their work with children and young people include;

• A greater understanding of how the law and justice work,

• A greater understanding of the causes, consequences, and impact of crime and anti-social behaviour,

• Guiding them towards making better choices, stay safe, reducing risky behaviour, and avoid crime,

• Signposting avenues of help and support,

• • Support and advice for those who have a loved one in prison, - Support for young victims of crime,

• Increased awareness that poor choices made now could impact their future,

• • Equipping young people with the skills and opportunities they need to reach their potential.

This translates into a better quality of life for the young, their communities, less victims of crime and a reduction in costs, either personal or financial for the general public.

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The No Way Trust Limited (Registered number: 02953857)

Report of the Trustees

for the year ended 31st July 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Background

The No Way Trust Charity was founded in 1993 by 3 prison officers concerned about the number of young people encountering the criminal justice system. The aim being to prevent children and young people from becoming involved in crime and anti-social behaviour and learn about the law, justice, causes, consequences, and impact of crime.

In 1995, The No Way Trust Limited became a registered charity and company limited by guarantee, but it will always be known affectionately by its' original name-Prison! Me! No-Way! which continues to define its brand.

Since 1993 the Trusts’ work has impacted on more than 2,500 Secondary Schools and some 2,000 + other children and youth organisations including youth groups and charities, excluded, disadvantaged, and disaffected pupils, Pupil Re-Integration Units, Youth Offending Services and more etc. etc. The Trust also works in some Primary Schools. The Trust works face to face with over 40,000 children and young people annually. We provide an array of flexible learning services through No Way Trust staff & volunteers who are trained in the delivery of a wide range of high-quality professional, accurate, realistic, truthful, impactive and memorable sessions.

The Trust employs 23 staff on varied contracts equivalent to approximately 14 full time staff who are based in our Head Office in Hull and locations around the country.

Vision

Our vision is one where every young person leaves school with the knowledge and confidence to take control, make positive choices that avoid becoming involved in crime, stay safe and realise their full potential.

Mission statement

To raise awareness amongst young people, aged 8 to 18, about the causes, consequences, penalties, and impact of crime and anti-social behaviour. We want young people to stay safe, understand their rights and responsibilities as young citizens, aspire and be prepared to meet the challenges of modern society.

Values

The Trusts values are:

• Weare a not for profit organisation

• • We take pride in delivering quality and value for money - The safety of young people is paramount to us - Weare one Trust: great things happen when we work together - We deliver what we commit to and communicate effectively with our partners

• Innovation, integrity and making a difference in the lives of young people are the driving forces for our staff and volunteers

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The No Way Trust Limited (Registered number: 02953857)

Report of the Trustees

for the year ended 31st July 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Strategic aims

• The Aims of the Trust are to: -

• Help young people to stay safe, prevent child exploitation in all its forms, reduce risky behaviour, and prevent more young victims of crime

• Help children and young people to deal with life challenges and understand the impact of anti-social behaviour and crime upon them and their communities

• Dispel the myths and misconceptions of imprisonment and accurately and sensitively portray the effects of imprisonment

• • Raise extensive awareness of, and impress upon all young people, the ultimate consequences and penalties of crime

• Adapt a preventative approach but not be confrontational or employ any other form of scare tactic

• • Encourage responsible decision-making and positive life skill development and to instill the values and benefits of being a responsible young citizen

• Develop progressive partnerships that incorporate inter-agency working and co-operation between like-minded agencies

• • Assist Offenders and Ex-Offenders in their rehabilitation

Strategic objectives

The Trust will seek to:

• Deliver Crime & Safety Awareness Days across the country to secondary schools, whilst maintaining the quality of delivery for which we are renowned. Each day will be tailored to reflect the issues within each locality and involve crime and safety agencies appropriate to those issues

• Collaborate with primary school children, as we firmly believe that crime preventative work cannot start too early

• Employ, mentor, and involve people with convictions still in prison or released from prison, that have already worked with the Trust, to deliver impactive workshops in schools

• • Continually develop in conjunction with the feedback from young people and our own Youth Advisory Group, innovative and interactive resources to assist us in the prevention of youth crime

• Deliver presentations to young people across the country in varied settings such as schools, pupil referral units and in conjunction with partner agencies e.g. Emergency Services, Youth Justice etc.

• • Communicate with young people and our stakeholders using the most effective channels in a coordinated and strategic manner

Review of developments, activities and achievements

HMPPS Agreement

The partnership agreement with His Majesty's Prison and Probation Service continues to assist in the recruitment of Prison Staff and Serving Prisoner volunteers (living in open prison conditions) to attend and volunteer with us, in the knowledge that our training and professionalism greatly assist the Prison Service, HMPPS, career development and aids rehabilitation.

Crime and Safety Awareness Days

We delivered 140 of our unique days in the 12 months covered by this report and continue to receive requests for these days daily.

Your Choice Days

These days are specifically designed for Primary school children aged 9 to 11 and have been well received. We currently offer up to 30 YCD's per year working in some of the most disadvantaged communities. We believe that collaborating with a younger audience can only help to keep them safe and avoid inadvertently becoming involved in criminal activity.

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The No Way Trust Limited (Registered number: 02953857)

Report of the Trustees for the year ended 31st July 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Youth Advisory Group

Our Youth Advisory Group (YAG) ensure that we deliver interventions that meet the needs of todays’ young people. YAG has conducted evaluations, consultations, and focus groups with young people at various locations across the country. They have used information gathered to identify what works well and provide constructive critique and recommendations to senior staff, as well as ideas for improving the learning experience for our young audiences. The YAG group is always looking to recruit new members to widen experience and diversity of its structure.

Volunteer Serving Prisoner Presentations

The No Way Trust works with His Majesty's Prison and Probation Service to support the rehabilitation of people in prison by offering them the opportunity to work with young people with the aim of preventing children and young people making similar mistakes in the future. Since our pilot in 2012 of employing People who had been in prison to deliver thought-provoking workshops to young people, we have to date employeda total of 16 in different parts of the UK. Pleasingly, we know that 6 of them have gone on to secure full-time employment, elsewhere, furthering their careers; we currently employ 2 people who have been in prison. The workshops continue to be in high demand right across the country and have contributed to diversifying our services and generating additional grants.

Social Media & Website

Our modern website keeps evolving and the number of enquiries generated through the website has enabled many new schools and youth agencies to become involved.

Replica Prison Cell

As in the previous financial year, thanks to generous supporters, we were able to purchase a Ford Transit Luton Box Van and convert the interior into a reptica prison cell to replace another aging model. The new vehicle entered community service in March 2025 and has enhanced interactive learning features of our work provoking in depth inquisition amongst our young beneficiaries. The conversion was again undertaken by a very generous skilled volunteer who gave freely of his time and expertise. This saved the Trust several thousands of pounds in labour costs.

Impact

The impact of The No Way Trust's work have been consistent and extremely positive for over 32 years. Independent research conducted by the University of Sheffield published in September 2023, evidenced that: The No Way Trust (NWT) was having a lasting impact and makinga positive difference to children and young people's lives and future decision making and that the value of ‘lived learning experiences’ provided was profoundly valued by young beneficiaries. Our charity also offers ex-prisoners a key pathway to reintegration, work experience and a living salary and volunteer prisoners to rebuild confidence, self-esteem, learn new skills, self-evaluate, and give back to the community.

A previous independent evaluation, completed by the Charities Evaluation Service also reported: CSAD's helps prevent young people from becoming involved in criminal activity, messages are remembered by young people for several years or more, and that some young people involved at CSAD's, subsequently applied something they learnt in dealing with a difficult situation.

Volunteers

The trust continues to have a strong pool of volunteers who assist in the delivery of our crime and safety awareness days and bespoke presentations.

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The No Way Trust Limited (Registered number: 02953857) Report of the Trustees for the year ended 31st July 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Future Plans

Crime and Safety Awareness Days (CSADs)

Demand for our flagship CSAD's remains strong. 128 CSAD's are confirmed for the financial year 1st August 2025 to 31st July 2026 which is over 90% of available capacity. We will continue to focus on delivery in areas where we have a good nucleus of our volunteers available and where it is most cost-effective for us.

Your Choice Days

Demand for YCD's in Primary Schools is high, subject to funding, we will look to build capacity further through the academic year - September 2025 and July 2026 - and beyond.

Bespoke Presentations

The number of presentations that we deliver will again be dependent on demand, as some schools that are unable to afford a full Crime & Safety Awareness Day, still wish us to interact with their students. We have an attractive and fair pricing structure that allows us to tailor activity to the school funds available.

Interactive Learning

We will work closely with children, young people and schools to introduce new interactive features to enhance the learning experience and long-term impact of our work.

Finance

Inflation, rising hotel costs and increasingly dynamic pricing and extra Employer National Insurance contributions will add several thousands of pounds to the charities annual running costs. School budgets are also being squeezed tighter than ever, and we foresee grant income becoming increasingly under pressure as the ever-growing need is far greater than the funds available. Increasing costs to service users in a challenging climate is not an option and the need to drive down costs is paramount. Finances are, and will continue to be, under continuous scrutiny and prudent management.

SORP 2026

The Trust will prepare to manage its obligations for the introduction of SORP 2026 that will be introduced on 1st January 2026.

Companies House Identity Verification

Companies House Identity Verification required to support company web-filing and establish that all Trustees (also known as directors) have verified their identity and ability fulfil their Trustee role has been activated for all serving Trustees.

CEO Succession Planning

The current CEO has indicated that he will be seeking to retire in early 2027. Plans to find his successor are progressing.

Business Plan 2026 - 2027

Will set a course for transition over the next 2 years and beyond.

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The No Way Trust Limited (Registered number: 02953857) Report of the Trustees for the year ended 31st July 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT Summary The No Way Trust charity remains one of the most highly regarded charities that exists in the United Kingdom today. The charity has a constant focus on continuous service improvement and evolution enabling us to meet the demands of today's youth. The Trust importantly ensures Children and Young People have a real and active stake in the project's evolution. This contributes towards ongoing programme innovation and keeping our learning services fresh, meaningful, relevant, and current for today's generation of children and young people. The Trust has a proven can-do record, and we receive enquiries every day for our learning services. Our workforce of staff and volunteers have a unique and incredible range of skills and knowledge that makes us well placed to work with children and young people. Serving and early retired police and prison staff, ex-people in prison employees and serving prisoner volunteers, magistrate volunteers, educationalists, young people, youth advisory group and many criminal justice, emergency service and charitable partners unite for a common good. So far as we can establish, there is nothing to compare with Prison! Me! No-Way! anywhere in the UK. Our personable approach is one of constant evolution, innovation, inclusivity, and partnership that together provides a cohesive, united, effective, varied, and unique range of life-enhancing learning experiences.

The feedback received this past year has again been outstanding and demonstrates the need for and value of our services. The No Way Trust's reputation for quality, innovation, can do mentality, rich history of over 32 years, never standing still, being prepared to take on new challenges, tread where others fear to go - inspired by the spirit and inner belief of an incredibly enthusiastic team of volunteers, staff, supporters and investors; who all have an infectious desire to make a genuine and long- lasting difference to young lives; is what this enviable reputation has been built upon.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 02953857 (England and Wales)

Registered Charity number 1049059

Scottish Registered Charity number $C040325

Registered office

The Deep Business Centre Tower Street Hull

East Yorkshire HU1 4BG

Trustees

Mr Stephen Rock - Chair Mrs Dawn Douglas Mrs Sandra Fawcett Mr David Grantham (resigned 21.7.2025) Mr Graham McDonald

Company Secretary Pamela Gay

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The No Way Trust Limited (Registered number: 02953857)

Report of the Trustees for the year ended 31st July 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Auditors Smailes Goldie Chartered Accountants Statutory Auditor Regent's Court Princess Street Hull East Yorkshire HU2 8BA

Solicitors Wilkin Chapman Rollits Citadel House 58 High Street Hull HU1 1QE Bankers Lloyds Bank plc Hull City Centre 1 Grand Buildings Jameson Street Hull HU1 3JX

Honorary President Mrs Jennie Bypass

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees (who are also the directors of The No Way Trust Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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The No Way Trust Limited (Registered number: 02953857)

Report of the Trustees for the year ended 31st July 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

In so far as the trustees are aware:

• there is no relevant audit information of which the charitable company's auditors are unaware; and

• • the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

A resolution to appoint auditors for the ensuing year will be proposed at the annual general meeting in accordance with Companies Act 2006.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 19th January 2026 and signed on the board's behalf by:

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Se Lt
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Mr Stephen Rock - Trustee

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Report of the Independent Auditors to the Members of The No Way Trust Limited

Opinion

We have audited the financial statements of The No Way Trust Limited (the ‘charitable company’) for the year ended 31st July 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

• In our opinion the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31st July 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

• the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the Report of the Trustees has been prepared in accordance with applicable legal requirements.

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Report of the Independent Auditors to the Members of The No Way Trust Limited

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended). requires us to report to you if, in our opinion: - adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

• the financial statements are not in agreement with the accounting records and returns; or

• • certain disclosures of trustees’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the charitable company, including the Companies Act 2006, Charities Act 2011, taxation legislation, safeguarding, data protection, anti-bribery, employment, environmental and health and safety legislation. An understanding of these laws and regulations and the extent of compliance was obtained through discussion with management and inspecting legal and regulatory correspondence.

We assessed the susceptibility of the charitable company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

• performed analytical procedures to identify any unusual or unexpected relationships;

• • tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

• investigated the rationale behind significant or unusual transactions.

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Report of the Independent Auditors to the Members of The No Way Trust Limited

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• agreeing financial statement disclosures to underlying supporting documentation;

• • reading the minutes of meetings of those charged with governance; - enquiring of management as to actual and potential litigation and claims; and - reviewing correspondence with relevant regulators and legal advisors.

Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission, or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and to the Charitable Company’s trustees, as a body, in accordance with Section 33()(c) of the Charities and Trustee Investment (Scotland) Act 2005 and regulation 10 of the Charities Accounts (Scotland) Regulations 2006 (as amended). Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

SE met] Stephen Bramall BSc., FCA (Senior Statutory Auditor) for and on behalf of Smailes Goldie Chartered Accountants Statutory Auditor Regent's Court Princess Street Hull East Yorkshire HU2 8BA

19th January 2026

Page 13

The No Way Trust Limited

Statement of Financial Activities

(Incorporating an Income and Expenditure Account) for the year ended 31st July 2025

				2025	2024
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	£	£	£	£
INCOME AND ENDOWMENTS FROM
Charitable activities	2
Core activities		41,029	323,400	364,429	352,395
Other		6,370	163,220	169,590	192,722
Other income		-	250	250	225
Total		47,399	486,870	534,269	545,342
EXPENDITURE ON
Raising funds	3	1,317	8,894	10,211	9,410
Charitable activities	4
Core activities		27,176	484,920	512,096	516,412
Other		13,612	275	13,887	16,487
Total		42,105	494,089	536,194	542,309
NET INCOME/(EXPENDITURE)		5,294	(7,219)	(1,925)	3,033
RECONCILIATION OF FUNDS
Total funds brought forward		(70)	24,307	24,237	21,204
TOTALFUNDSCARRIEDFORWARD		5,224	17,088	22,312	24,237

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 14

The No Way Trust Limited (Registered number: 02953857)

Balance Sheet

31st July 2025

		2025	2024
	Notes	£	£
FIXED ASSETS
Tangible assets	11	45,244	32,764
CURRENT ASSETS
Stocks	12	1,061	1,061
Debtors	13	135,797	128,153
Cash at bank and in hand		47,799	71,102
		184,657	200,316
CREDITORS
Amounts falling due within one year	14	(207,589)	(206,263)
NET CURRENTASSETS		(22,932)	(5,947)
TOTALASSETS LESS CURRENT
LIABILITIES		22,312	26,817
CREDITORS
Amounts falling due after more than one year 15		-	(2,580)
NET ASSETS/(LIABILITIES)		22,312	24,237
FUNDS	19
Unrestricted funds		5,224	(70)
Restricted funds		17,088	24,307
TOTALFUNDS		22,312	24,237

The financial statements were approved by the Board of Trustees and authorised for issue on 19th January 2026 and were signed on its behalf by:

Mr Graham McDonald - Trustee

The notes form part of these financial statements

Page 15

The No Way Trust Limited

Cash Flow Statement for the year ended 31st July 2025

==> picture [474 x 352] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |Notes|£|£| |Cash|flows|from|operating|activities| |Cash|generated|from|operations|4|296|33,047| |Net|cash|provided|by|operating|activities|296|33,047| |Cash|flows|from|investing|activities| |Purchase|of tangible|fixed|assets|(20,603)|(24,248)| |Sale|of tangible|fixed|assets|250|225| |Net|cash|used|in|investing|activities|(20,353)|(24,023)| |Cash|flows|from|financing|activities| |Loan|repayments|in|year|(3,246)|(4,239)| |Net|cash|used|in|financing|activities|(3,246)|(4,239)| |Change|in|cash|and|cash|equivalents| |in|the|reporting|period|(23,303)|4,785| |Cash|and|cash|equivalents|at|the| |beginning|of the|reporting|period|71,102|66,317| |Cash|and|cash|equivalents|at|the|end| |of the|reporting|period|47,799|71,102|

----- End of picture text -----

The notes form part of these financial statements

Page 16

The No Way Trust Limited

Notes to the Cash Flow Statement

for the year ended 31st July 2025

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

==> picture [444 x 126] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Net|(expenditure)/income|for|the|reporting|period|(as|per|the| |Statement of|Financial|Activities)|(1,925)|3,033| |Adjustments|for:| |Depreciation|charges|8,123|3,616| |Profit|on|disposal|of fixed|assets|(250)|(225)| |(Increase)/decrease|in|debtors|(7,644)|9,965| |Increase|in|creditors|1,992|16,658| |Net|cash|provided|by operations|296|33,047|

----- End of picture text -----

1. ANALYSIS OF CHANGES IN NET FUNDS

==> picture [442 x 176] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |At|1.8.24|Cash|flow|At|31.7.25| |£|£|£| |Net|cash| |Cash|at|bank and|in|hand|71,102|(23,303)|47,799| |71,102|(23,303)|47,799| |Debt| |Debts|falling|due|within|1|year|(4,000)|666|(3,334)| |Debts|falling|due|after|1|year|(2,580)|2,580|-| |(6,580)|3,246|(3,334)| |Total|64,522|(20,057)|44,465|

----- End of picture text -----

Total

The notes form part of these financial statements

Page 17

The No Way Trust Limited

Notes to the Financial Statements

for the year ended 31st July 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, auditors remuneration, legal and professional fees, depreciation and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they nave been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and equipment 17% on cost Motor vehicles 15% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The 'No Way’ Trust Limited is a UK registered charity, number 1049059. All the Charity's income is applied to its charitable objectives and the Charity is, therefore, exempt under current legislation from most forms of taxation.

Value added tax is not recoverable by the Charity and is charged to the statement of financial activities or balance sheet, as incurred.

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continued...

The No Way Trust Limited Notes to the Financial Statements - continued

for the year ended 31st July 2025

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Hire purchase and leasing commitments

Amounts payable under operating leases are charged to profit and loss account when incurred.

Deferred income

Deferred income represents amounts received for charitable activities in advance of the event taking place less costs incurred to date.

Impairments

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Pension contributions

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules.

1. INCOME FROM CHARITABLE ACTIVITIES

	2025	2024
	£	£
Core activities	364,429	352,395
Grants and donations	169,590	192,722
	534,019	545,117

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continued...

The No Way Trust Limited Notes to the Financial Statements - continued

for the year ended 31st July 2025 2. INCOME FROM CHARITABLE ACTIVITIES - continued

Grant and donations comprise the following:

	Amount
	£
Baron Davenport's Charity	1,000
Garfield Weston Foundation	25,000
GreatWestern Railway Community Fund	14,000
Groundworks UK	375
Harry Bottom Charitable Trust	2,400
Hull & East Riding Charitable Trust	5,000
Joan Wilkinson Charitable Trust	1,000
John Thaw Foundation	1,800
Lochlands Trust	3,000
Marsh Charitable Trust	500
Michael & Shirley Hunt CharitableTrust	3,000
Mr R Hudson	3,000
Mr S Larard	3,000
Mrs C Hudson	2,000
Persula Foundation	3,000
R.G.Hills Charitable Trust	1,500
Simon Gibson Charitable Trust	6,000
Souter Charitable Trust	3,000
T.U.U.T Charitable Trust	10,000
The 29th May 1961 Charitable Trust	5,000
The Alchemy Foundation	1,000
The Alice Ellen Cooper-Dean Charitable Foundation	2,500
The Archer Trust	2,000
The Casey Trust	1,500
The Charles & Elsie Sykes Trust	3,000
The Clothworkers Foundation	15,000
The Evelyn May Trust	3,000
The Gladys Wightwick Trust	1,600
The Grocers’ Charity	500
The Hediey Foundation	4,000
The Henry and Dora Needler Memorial Trust	5,000
The John and Susan Bowers Fund	1,000
The John Horseman Trust	5,000
The John R Murray Charitable Trust	5,000
The Joseph and Annie Cattle Trust	7,500
The Leigh Trust	3,000
The Leonard Chamberlain Trust	5,000
The Mauld Elkington Charitable Trust	1,500
The Mollie Croysdale Charitable Trust	750
The Noel Sweeney Foundation	2,400
The Rhododendron Trust	1,000
The Robert McAlpine Foundation	5,000
The Sir James Reckitt Charity	4,000
The Sir James Roil Charitable Trust	1,250
The Tribune Trust	3,000
Other	5,820
Deferred Income Movements	(14,305)
	169,590

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continued...

The No Way Trust Limited

Notes to the Financial Statements - continued

for the year ended 31st July 2025

3. RAISING FUNDS

	Raising donations and legacies
				2025	2024
				£	£
	Advertising, printing and stationery			1,317	1,442
	Crime day enhancements			8,894	7,968
				10,211	9,410
4.	CHARITABLE ACTIVITIES COSTS
		Direct		Support
		Costs	(see	costs (see
		note	5)	note 6)	Totals
		£		£	£
	Core activities	512,096		-	512,096
	Other		-	13,887	13,887
		512,096		13,887	525,983
5.	DIRECT COSTS OF CHARITABLE ACTIVITIES
				2025	2024
				£	£
	Travelling and subsistence			63,269	56,500
	Telephone mobile and internet			660	2,698
	Motor expenses			16,966	15,179
	Rent			12,939	14,251
	Wages and salaries			395,149	400,037
	Postage			258	507
	Depreciation			7,355	3,255
	Insurance			1,200	1,263
	Legal and professional			3,124	11,876
	Sundry			9,899	10,059
	Bank charges			1,277	787
				512,096	916,412

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continued...

The No Way Trust Limited

Notes to the Financial Statements - continued

for the year ended 31st July 2025

6. SUPPORT COSTS

	2025	2024
	£	£
Wages and salaries	3,991	4,003
Auditors’ remuneration	6,600	5,983
Rent	1,190	1,584
Legal and professional	347	1,320
Sundry Meetings Depreciation	93 898 768	1,620 1,615 362
	13,887	16,487

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

	2025	2024
	£	£
Auditors’ remuneration	6,600	5,983
Depreciation - owned assets	8,123	3,617
Surplus on disposal offixed assets	(250)	(225)
Auditors'remunerationfornonauditwork	871	1,656

8. TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st July 2025 nor for the year ended 31st July 2024.

Trustees’ expenses

There were no_ trustees’ expenses paid for the year ended 31st July 2025 nor for the year ended 31st July 2024.

9. STAFF COSTS

	2025	2024
	£	£
Wages and salaries	374,508	375,679
Social security costs	16,605	19,930
Pension	8,027	8,431
	399,140	404,040

During the year, the charity made termination payments totalling £Nil (2024: £3,750).

The average monthly number of employees during the year was as follows:

	2025	2024
Total	23	23

No employees received emoluments in excess of £60,000.

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continued...

The No Way Trust Limited

Notes to the Financial Statements - continued

for the year ended 31st July 2025

10.	COMPARATIVES FORTHE STATEMENTOF FINANCIAL ACTIVITIES	COMPARATIVES FORTHE STATEMENTOF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
		£	£	£
	INCOME AND ENDOWMENTS FROM
	Charitable activities
	Core activities	30,259	322,136	352,395
	Other	3,742	188,980	192,722
	Other income	-	225	225
	Total	34,001	511,341	545,342
	EXPENDITURE ON
	Raising funds	1,453	7,957	9,410
	Charitable activities
	Core activities	23,930	492,482	516,412
	Other	16,329	158	16,487
	Total	41,712	500,597	542,309
	NET INCOME/(EXPENDITURE)	(7,711)	10,744	3,033
	RECONCILIATION OF FUNDS
	Total funds broughtforward	7,641	13,563	21,204
	TOTALFUNDS CARRIEDFORWARD	(70)	24,307	24,237
11.	TANGIBLE FIXED ASSETS
		Plant and	Motor
		equipment	vehicles	Totals
		£	£	£
	COST
	At istAugust 2024	157,078	61,071	218,149
	Additions	558	20,045	20,603
	Disposals	-	(11,010)	(11,010)
	At 31st July 2025	157,636	70,106	227,742
	DEPRECIATION
	At 1stAugust2024	145,676	39,709	185,385
	Charge for year	2,402	5,721	8,123
	Eliminated on disposal	-	(11,010)	(11,010)
	At 31st July 2025	148,078	34,420	182,498
	NET BOOKVALUE
	At 31st July 2025	9,558	35,686	45,244
	At31stJuly2024	11,402	21,362	32,764

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continued...

The No Way Trust Limited

Notes to the Financial Statements - continued

for	the yearended 31st July 2025	the yearended 31st July 2025
12.	STOCKS
			2025	2024
			£	£
	Stocks		1,061	1,061
13.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONEYEAR
			2025	2024
			£	£
	Trade debtors		128,550	123,850
	Prepayments		7,247	4,303
			135,797	128,153
14.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2025	2024
			£	£
	Bank loans and overdrafts (see note 16)		3,334	4,000
	Trade creditors		11,609	3,915
	Social security and othertaxes		5,998	10,710
	Other creditors		993	1,428
	Accruals and deferred income		185,655	186,210
			207,589	206,263
			2025	2024
			£	£
	Deferred income at	1 August 2024	175,955	159,557
	Amounts deferred in the year Amounts released in the year		179,257 (175,955)	175,955 (159,557)
	Deferred income at 31 July 2025		179,257	175,955
15.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONEYEAR
			2025	2024
			£	£
	Bank loans (see note 16)		-	2,080
16.	LOANS
	An analysis ofthe maturity of loans is given below:
			2025	2024
			£	£
	Amounts falling due	within one year on demand:
	Bank loans		3,334	4,000
	Amounts falling due	between two and five years by installments:
	Bankloans		-	2,580

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continued...

The No Way Trust Limited

Notes to the Financial Statements - continued

for the year ended 31st July 2025

17. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows:

==> picture [479 x 585] intentionally omitted <==

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Within|one|year|2,835|11,340| |Between|one|and|five|years|-|2,835| |2,835|14,175| |18.|ANALYSIS|OF|NET|ASSETS|BETWEEN|FUNDS| |2025|2024| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |£|£|£|£| |Fixed|assets|4,371|40,873|45,244|32,764| |Current|assets|184,657|-|184,657|200,316| |Current|liabilities|(183,804)|(23,785)|(207,589)|(206,263)| |Long|term|liabilities|-|-|-|(2,580)| |5,224|17,088|22,312|24,237| |19.|MOVEMENT|IN|FUNDS| |Net| |movement|At| |At|1.8.24|in|funds|31.7.25| |£|£|£| |Unrestricted|funds| |General|fund|(70)|5,294|5,224| |Restricted|funds| |Core|Activities|24,307|(7,219)|17,088| |TOTAL FUNDS|24,237|(1,925)|22,312| |Net|movement|in|funds,|included|in|the|above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|47,399|(42,105)|5,294| |Restricted|funds| |Core|Activities|486,870|(494,089)|(7,219)| |TOTAL FUNDS|534,269|(536,194)|(1,925)|

----- End of picture text -----

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continued...

The No Way Trust Limited

Notes to the Financial Statements - continued

for the year ended 31st July 2025

19. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

		Net
		movement	At
	At 1.8.23	in funds	31.7.24
	£	£	£
Unrestricted funds
General fund	7,641	(7,711)	(70)
Restricted funds
Core Activities	13,563	10,744	24,307
TOTAL FUNDS	21,204	3,033	24,237
Comparative net movement in funds, included in the above are as follows:
	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted funds
General fund	34,001	(41,712)	(7,711)
Restricted funds
Core Activities	511,341	(500,597)	10,744
TOTALFUNDS	545,342	(542,309)	3,033

20. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st July 2025.

21. SHARE CAPITAL

There is no called up share capital as the company is limited by guarantee. In the event of the Charity being wound up each member has undertaken to contribute to the assets of the Charity such amount as may be required to discharge its debts, the amount not to exceed £10 per member.

1. PENSION COMMITMENTS

The charity operates a defined contribution pension plan for its employees. The amount recognised as an expense in the year was £8,027 (2024: £8,431). At the year end, £1,478 was outstanding in respect of contributions not yet paid over (2024: £1,483)

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