WESTWAY TRUST

• ◆

  4 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

1. WESTWAY TRUST 2014-05-08 → present
2. WESTWAY DEVELOPMENT TRUST 2008-01-16 → 2014-05-08

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Auditor

Moore Kingston Smith LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Trustees have assessed the financial position of the Trust and are satisfied that it remains in a secure financial position for at least the next 12 months from the date of signing these financial statements. This assessment has involved a thorough review of our current financial position, future forecasts, and key risks, taking into account the level of reserves and cash balances, the broader economic environment, and the effectiveness of our financial controls and risk management processes.”

Significant events

• “Published first Anti-racism Policy and Action Plan, an Equality, Diversity and Inclusion Policy, and a Cultural Intelligence Framework.”
• “Created a Reparations Framework, one of the first of its kind among UK charities.”
• “Invested in community infrastructure and access to space, delivering six new community-use spaces, refurbishing Maxilla Gardens, and supporting the African Caribbean Cultural Centre (UK) with rent-free premises and start-up funding.”
• “Launched Transformation Grants programme, committing £450,000 over three years to organisations tackling systemic injustice.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

4

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -13.1%

  £8,157,000 → £7,091,000

• Cash

  -52%

  £3,736,000 → £1,792,000

• Net assets

  -1%

  £62,409,000 → £61,808,000

• Employees

  +9.7%

  62 → 68

• Operating profit

  -122.2%

  £2,708,000 → -£601,000

• Profit before tax

  -122.2%

  £2,708,000 → -£601,000

• Wages

  +11.1%

  £1,799,000 → £1,998,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers