WAYS INTO WORK
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net income of £1,060,969 for the period ended 31 March 2025, resulting in unrestricted funds of £1,060,969. Per the trustees' report, the charity maintained free reserves of £681k, which aligns with its policy target of approximately three months of anticipated future cash expenditure. The auditor confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified.
What the accounts disclose
“Based on this year’s review the Trustee Board’s Reserve Policy is that unrestricted funds which have not been designated for a specific use (“free reserves”) should be held to the equivalent of approximately three months of anticipated future cash expenditure.”
“The café costs totalling £11,369 represent the costs incurred with respect to the subsidiary Ways into Work Enterprises C.I.C. The subsidiary is in the process of being liquidated.” — page 27
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- James Dillon Welchmanchair
- Andrew Edger
- BRANDON MILLS
- David Lindop
- Hassan Khan
- Jane Kidd
- Maxine Mitchell
- Ramal Royal
- Samantha Jane Corfield
- Stephen Gillan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.5m | £1.5m |
Common questions
Is WAYS INTO WORK financially healthy?
The accounts state that the charity reported a net income of £1,060,969 for the period ended 31 March 2025, resulting in unrestricted funds of £1,060,969. Per the trustees' report, the charity maintained free reserves of £681k, which aligns with its policy target of approximately three months of anticipated future cash expenditure. The auditor confirmed that the use of the going concern basis of accounting was appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Wenn Townsend.