Company registration number". 05589479
Charitable company registration nurnber in England & Wale5.' 1120354
Charity registration number in Scotland: SC051351
CJSWGfL
Safe, Secure, Online
South West Grid for Learning Trust
(A company limited by guarantee)
Annual Report and Financial Statements
for the Year Ended 31 March ?0?5
Thompson Jenner LLP
Statutory Auditors
28 Alexandra Te￿ace
Exmouth
Devon
EX8 IBD

South West Grid for Learning Trust
Contents
Reference and Administralive Details
lio?
T￿Slee$ Report
3to9
Statemenl of Trustees, Responsibilities
io
Independent Auditors, Report
11 to 14
Ststement of Financial Activities
15to 16
Balance Sheet
17
Statemenl of Cash Flows
Notes to the Financial Statements
19to36

South West Grid for Learning Trust
Reference and Administrative Details
Trustees .
R Bond
A C Coghlan
C Mcdonald
S Smith (resigned ? July
A E Brittan (resigned 9 September ?0?4)
J Briscombe
l Daniells
H E Porter
A D Phippen
K Nain (appointed 3 April ?0?4)
J Hanna (appointed I I September ?0?4)
S James (appointed I I September ?0?4)
M Perry {appointed I I September ?0?4)
J Woodward (appoinled ? July ?0?5)
Secrelary
S Slee
Senior Management l Leadership D Wright CBE. (CEO)
Te#m
S Slee
C Hayden
K Corish
B Radanovi
M Kenneally
Registered Office
Belvedere House
Woodwater Park
Pynes 14111
F.xeter
EX? 5WS
The charitable company is incorporaled in England and Wales.
Page I

South West Grid for Learning Trust
Reference and Administrative Details
Company Registration Number
05589479
Charitgble company Registration
Iyumber
1120354
Seolland Charily Registration
Number
SC051351
Solicitors
Michelmores LLP
Woodwaler House
PyiiLs H ill
Exeter
EX? 5WR
Bankers
Lloyds TSB Bank PIC
?34 High Street
Exeter
Devon
EX4 3ZB
Auditor
Thompson Jenner LLP
Statutory Auditors
?8 Alexandra Terrace
l.'xmouth
Devon
EX8 IBD
Page 2

South West Grid for Learning Trust
Trustees Report
The Trustees present their report and the financial statements for the year ended 31 March ?025. The Trustees,
who are also direclors for the purposes of company law, served during the year and up to the date of this report.
This report outlines the activities undertaken by the South West Grid for Leaming Trusl (SWGtL} during the
year in pursuit of its charitable objectives. The narrdtive draw's on the monthl). updates provided by the team and
incorporates noiable developments between April ?0?4 and Augusl ?024. ensuring that the Trustees receive an
up to date record of the charity's perforniance.
The past year has witnessed rapid change in the online safety landscape. SWGtL continued to play a pivotal role
in proiecting and empowering children. families and professionals.
Legislative developments such as the implementation of the UK Online Safety Act. the emergence of new
technologies such as generative artificial intelligence. and changes in intemational human righis frameworks
shaped the charity'5 work.
A ten-year anniversary of the Revenge Porn Helpline took place in May ?025, while the organisation prepared
to celebrate its 95-year anniversary in October ?025.
Durkng the year, SWGfL obtained Special Consultative Status with the United Nations Economic and Social
Council (ECOSOC} and prepared for the global rollout of the Global Clearing Centre projecl.
The Trust also strengthened its strategic plan for 2026. demonstrating a commitment lo long temi sustainability.
Online Safety Services
Helplines and Reporting Services
Demand for SWGfL's helplines continued to grom.. The Revenge Porn Helpline (RPH) marked its tenth
anniversary in May ?0?5 and handled almost 19,000 reports during ?023. representing a 106 0/0 year on year
increase. As reported in August ?024. the service removed more than 300.000 non consensually shared images
and achieved a 90 % removal rate. however. around 10 0/0 of reported content remains online because some
websites operate from jurisdictions where taked014￿ requests cannot be enforced. Evidence presented to the UK
Women and Equalities Committee in May ?0?4 highlighted that women were 18 times more likely to
experience nonconsensual intimat¢ image abuse. thai 30.000 URLS remained accessible and that legal loopholes
allow such malerial to persisi The #NotYoursToView campaign was launched lo call for legislalive retomi.
Report Harmful Content (RHC) continued lo provide support to users whose reports had been rejected by
platfornis. The UK Safer Intemet Centre {UKSIC) manifesto released on l July ?0?4 noted that RHC
experienced a 31 0/0 increase in cases aThd achieved an 89 % removal rate during the year. An August ?0?4
article reminded users encountering hannful material online to remain calm. gaiher evidence such as
screenshots. follow platfom reporting procedures and contact RHC only if the platforn) fails lo act within 48
hours. The Rei)'a chaibot continued to support both the RPH and RHC services, handling thousands of enquiries
and enabling trend analysis.
The Professionals Online Safety Helpline (POSH) continued to provide advice to those working with children.
The service experienced high demand following high profile incidents of sextortion. In April ?024 the Nalional
Crime Agency issued an alert lo schools about financially motivated sextortion. SWGtL assisted by encouraging
victims lo report incidents and by signposting to prevention tools such as StopNCII.org. Report Remove and
Take It Down. The POSH team also delivered bespoke training sessions ihroughout the year.
Project Ember. a research study ￿nded by Safe Online and led by SWGfL was launched. The study explores the
online experiences of young people (13-?4 years}, particularly how, they view and respond lo harniful online
behaviours. The aim is 10 reach a diverse group of young people acr05S the UK to better understand the
challenges they face online. their understanding and views about reporting online harn]ful behaviour and
improve the support services available to them and legal advocacy.
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South West Grid for Learning Trust
Trustees Report
StopNCII.org remained a cornerstone of SWGtL's international work. The service enables adult victims of
nonconsensual intimate itnage abuse to generate unique hashes of their images and submil them to participating
technology companies to prevent publication. In May ?0?4 StopNCII.org was named a finalisi for the Digital
Technology Leaders Awards for its innovative use of hashing technologj.. By Augusl ?0?4 the plaifonn had
helped more than 300.000 individuals and protected over 800.000 images and videos. Industry partnership
continued lo expand. ￿'1th Patreon joining in April ?0?5 and Microsoft Bing partnering in September ?024.
StopNCII.org is now supported by major platfonns including Meta (Facebook. Instagram and Threads). TikTok.
Bumble, Reddit. OnlyFans, Aylo, Snap. Nianlic and Microsoft.
SWGtL'5 advocacy work contributed io national debates on nonconsensual intimate image abuse. During
parliamentary evidence sessions in May ?024. SWGfL highlighted that 10 0/0 of reported inlimate image ¢onlent
remains publicly accessible and thai 30,000 URLS continue to host illegal images because the content is
technically laivful under current stalutes. This evidence infomied proposed amendments to the Criminal Justice
Bill later in ?0?5.
The UKSIC manifesto called for nonconsensual intimate image content to be made illegal and treated with the
same urgency as child sexual abuse material.
Safer Internet Day 2024
Safer Inlemet Day (SID) ?0?4 ￿'aS held on 6 February 20?4 and focused on the theme 'lnspiring changeg
Making a difference, managing influence and navigating change online"
An impact report published in Maj. 20?4 showed thai SID reached 53 0/0 of children aged 8-17, generated over
1.6 million film views and prompted 96.000 resource downloads. Feedback from educators indicated thal 95 0/0
of students feli more confident about staying safe online after participating. and 73 0/0 of stafT reported increased
confidence in addressing online safety issues.
These outcomes demonstrate the continued importance of SID in raising awareness of online risks.
Sextortion awareness
The last year saw a surge in sextortion cases. particularly targeting male victims. In April ?0?4 ITV News
visited the Revenge Pom Helpline lo report on this Irend. The report emphasised that victims should not pay
blackmailers and that many scams are orchestrated by organised overseas gangs.
SWGfL produced guidance for parents. carers and professionals on recognising the signs of sextortion and using
helplines for support.
Ottline Safety Tools and Services
Training and profe55ional development
The Trust continued to deliver high quality training sessions lo professionals. parents and young people. Online
Safety Live events and Online Safety Clinics provided updates on eTnerging issues such as artificial inlellig¢n¢e.
sexting, grooming and cyberbullying.
A July ?0?4 article announced new trnining sessions for autumn covering Al in education, responding to
harniful sexual behaviour, sextortion and online radicalisatioii.
Across the year SWGIL delivered hundreds of sessions, reaching thousands of participants and maintaining
strong evaluation leedback.
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South West Grid for Learning Trust
Trustees Report
360 Degree Safe and Online Safety Mark
360 Degree Safe remained the Trust's flagship School improvement tool, enabling schools to review and
develop iheir online safety policies.
During the year the plaifonn surpassed 16,900 registered schools, representing over half of all UK schools, and
the number of assessments conducted via the platforni exceeded 3.7 million.
In July ?0?4 the 500th Online Safety Mark was awarded, celebrating schools that demonstrate exceptional
online safety practice.
The annual assessment report continued to provide unique insights into school policy and was used to inforni
national safeguarding strategy.
Project EVOLVE
Project EVOLVE continued to revolutionise online safety education. Regislration surpassed 17,000 schools and
85.000 educators by August ?024. with over 4 million knowledge map assessments completed. The platforni's
annual report, released in October ?024, highlighted these achievements.
Project EVOLVE EDU. a professional developmenl toolkit launched in April ?024.
safeguarding and Al policy template for schools was released in March ?0?5 to help educational Settings
navigate generative Al and mainlain compliance with new guidance. along wilh a new safeguarding training
tool, ProjectEVOL VE Safeguarding. which incorporated a new Incident Response Tool. Work is underway to
create an Al version of the tool for DSLS.
Assisted Monitoring Service and Whisper
The Assisted Monitoring Service (AMS) supports schools in meeting statutory filtering and monitoring
requirements by analysing device level activity and flagging hannful contenl.
An April ?0?4 article highlighted how the service helps schools comply wilh the Department for Education's
filtering and monitoring standards.
Throughout ?024, up to end of March 25 the number of schools subscribed to AMS continued to grow.
Whisper. the anonymous reporting tool. continued io enable children and young people to report concerns
securely. The service was promoted through a campaign in July ?0?4 and rernained a key componenl of the
Trust's safeguarding offering
Synthetic Media Hub and Gaming Guidance
In July ?094 SWGtL launched Ihe Synthetic Media Hub to raise awareness of deepfakes and other synthetic
content. Research reported that one in seven adults had encountered synthetic media and that 39 0/0 of children
aged 8-15 had seen deepfake Scam adverts. The hub provides guidance on understanding synthetic sexual
content. relevant legislation and reporting mechanisms. it signposts users to services such as Report Harniful
Content. Ihe Professionals Online Safety Helpline. StopNCII.org and the Revenge Pom Helpline.
Accompanying articles explored positive applications of synthetic media-including Al translation,
accessibility. healthcare and environmental conservation
to help educators balance innovation with safety.
As virtual reality (VR) gaming became more accessible. SWGtL published guidance explaining its benefits and
risks. An August ?0?4 article highlighted the potenlial of VR to encourage physical activity and experieniial
learning but stressed the importance of age rdtings. screentime limits and moderntion of online interaciions. The
guidance signposted users to the SWGfL Gaming Hub for further support.
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South West Grid for Learning Trust
Trustees Report
Other online resources
SWGtL continued to maintain a rdnge of free resources, including Swiggle (a safer search engine for primary
aged children) and platform checklists.
Strategic Work and Advocacy
Policy engagement and government relations
SWGtL remained highly engaged with policymakers.
Evidence gathered by the helplines infonned parliamentary debates, including at MP droTrin sessions in June
20?4 where legislative changes were proposed lo enhance protections for victims of intimate image abuse.
The UKSIC manifesto launched in July ?024 set oul a five-point plan calling for nonconsensual intimate images
to be made illegal, sustainable funding for the UK Safer Inlemei Centre, youth centrtc policy, effective
implementation of the Online Safety Act and strengthened online safety practice in schools.
SWGfL continued to support the Department for Education in developing filtering and monitoring standards and
engaged ￿.]lh Ofcom on ihe enforcement of the Children's Codes.
Inlemational engagement remained a priority- SWGtL supported the United Nations Internalional
Telecommunication Union (ITU) through the Child Online Proleclion Initiative and contributed io the World
Economic Forum's Global Coalition on Digital Safety.
In April ?0?5 SWGtL co-h05ted a Non-consensual Inlimale Image (NCII) summit in New York with the United
Nations Ofyice on Drugs and Crime and Microsoft. producing a major global report. The charity also provided
training in the Dominican Republic and continued to work with European partners through the InsafellNHOPE
network.
Recognition and leadership
The Charity and ils leaders received significant recognition during Ihe year. In June ?0?4 the UK Government
announced Ihat SWGfL CEO David Wright would receive a Commander ol the Order of the British Empire
(CBE) for services lo children's online safety; the award acknowledged his role in creating tools such as 360
Degree Safe. the Professionals Online Safety Helpline. the Revenge Porn Helpline, Report Hamful Content,
StopNCII.org and the UK Safer Intemet Centre.
In May ?024, StopNCII.org was shortlisted for the Digital Technology Leaders Awards and in December ?0?4
the platfonn went on lo win both the UK IT Industry Award and a Tech tor Good award.
Research and thought leadership
SWGtL continued to commission and publish research. The Project EVOLVE annual report and the 360safe
assessmenl report remained key resources for schools and polic￿'MakerS. Research into the prevalence of online
harnis in rural communities. the impact of encryption on safeguarding and emerging Irends such as synthetic
media infonned guidance and policy responses.
Throughout the year the Trust published blogs and guides on topics including safer smartphone use. generative
Al. parental engagement and digital wellbeing.
Customer Experience and Engagement
The Communications and Marketing team enhanced engagemenl across social media, web and events. Website
tra￿]C continued to rise, and the organisation's CRM improvement5 enabled better inlegration of data across
services.
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South West Grid for Learning Trust
Trustees Report
The Reiya chatbot managed thousands of inleractions, providing immediate assistance and allowing staff to
focus on complex cases.
A Whisper campaign in July ?0?4 encouraged schools to adopt the anonymous reporting tool. resulting in an
uptske in subscriptions.
External Funding
SWGfL continues to recognise the evolving and often challenging landscape surrounding grants and bids. In
response. we have proactively refined our internal strategy to ensure greater resilience. agility. and alignment
with emerging funding priorities and sector needs. This slralegic shift reflects our commitment to remaining
responsive and fonl'ard-thinking in a competitive and dynamic environment.
We are deeply graieful for the ongoing support of our external funders, whose partnership remains vital to our
success. Their continued investmenl enables us not only lo pursue our stralegic objectives but also to advance
our overdrching mission: to ensure that children. young people. and vulnerable individuals are safer online.
This support empowers us to innovate. collaborate. and deliver impactful programmes ihat make a tangible
difference across education, safeguarding, and digital wellbeing. As we move forward, we remain committed lo
transparency. accountability., and shared success with our funding partners.
Strueture, Governance and Management
Legal Status
The South West Grid for Learning Trust was incorporated on I l October ?005 as a company limited by
guarantee and is governed Ihrough the Memorandum & Articles of Associalion. The Trust commenced its
activities on l December 9006 after the completion of a successful Iransfer frorn the previous consortiurn and
was successfull! registered as a charity with the Charity Commission in ?006. On 19th October ?021. SWGtL
became a registered charity in Scotland. On 1st January ?024. SWGtL completed a change to its constitution
upon the adoption of updated Memorandum and Articles. The Trustees consider il appropriate to prepare
accounts in accordance with the Charities SORP (FRS 10?). the Companies Act 7006 and Charities and Trustee
Investment (Scotland) Act ?005.
Organisational Structure and Gov¢rn#n¢e
There were no significant changes to the Trust's legal status during the year. Representation on the Board has
been considered throughout the year alongside the Trust's constitution. The Trustee Board continued to govern
the charity, supported by the Finance and Audit. Technical. Data and Communications Subgroups.
The Chief Executive Officer continues to provide overall leadership and direction for the charity. alongside the
Senior Management Team through the creation and embedding of a clear long tenn strategy. The Senior
Management Team who served during the year and up to th¢ date of this report are set oul on page l of the
accounis.
Risk Management
Risk is assessed on an ongoing basis, both at board and Senior Management level. Considering the evolving
threat landscape, emphasis was placed on cybersecurity and data protection.
The Trust maintained Cyber Essentia15 Plus accreditation and worked with external partners to strengthen its
systems.
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South West Grid for Learning Trust
Trustees Report
How Activities Deliver Public Benefit
The Trustees contimi that they have complied with their duty in seclion 1715) of the ?0 I I Charities Act to have
due regard to the guidance on public beiiefit published by ihe Charities Commission.
The overriding vision and purpose of the Tru51 is 'the advancement of education andlor the advancemenl or
health and the saving of lives. in each case for solely charitable purposes by an! means through or otherwis¢
relating lo the eflective anivor safe use of infomialion and communicati()n technologie% .including bul not
limited lo. the provisioii of broadbaiid conneclivit).; e-Learning facilities. education materials: informalioii and
knowhow on Ihe effective use of inforn]alion and communication technologies by educational establishments:
inlonnalion and knowhow relating to online safety Issues and relating to infonnalion and communication
teLhnol()gies).
In delivering that vision. Ihe Trust has continued throughout the ?0?41?5 rinancial year to:
Deliver on 115 Operational Services & Contraclual Obligations
Deliver on ils Product & Service Portfolio
Improve Ihe reputation and visibility of SWGtL site & Edtesa
Financial Review
Income
Total income for the year £2.?80,367 (20?4 £2.096,689) increas¢d from the prior year.
The reali4ali()n ol. Partnership income and an iiicrease iii retums on Lash held were largely responsible for this
increase, ThL Partnership model is seen as a k'ey strategic area for the "I'rust moving lurwards and a cornerstune
ol. the -frust's ability lo deliver on its mi55ion slalement.
Reserves
Reserves al the end of the year were £2.333,137 (20?4 £2.251,961) an increase from the prior year.
The trust reviews ils reserves levels annually, to include unexpected changes in income or operations, the ability
to respond io a changinb landscape and commitments iii (he event of ￿'Indi1)g up operalions.
The level of reserves currenily held by the trust are deemed s￿￿]C]ent and reasonable.
Ini'estment Policy
Fund5 held by the Trust are held w'ith banks in short temi deposits which offer reasonable raies of interest and
,hich comply w ith the credit raling policy adopted by th¢ Trustees.
Financial Risk Management Objective$ and Policies
The charity's principal financial instruments comprise Ihe bank balance, trade creditor5, deferred income and
trade debtors. The main purpose of these instruments is to raise funds for the charity's charitable objectives.
Price Risk, Credit Risk, Liquidity Risk and Cash Flow Risk
Funding received in foreign currencies is subject lo a price risk managemenl policy through the use of FOREX
mechanisms.
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South West Grid for Learning Trust
Trustees Report
Trade debtors are managed in respect of credit and cash flow by policies concerning the credit offered to
customers and Ihe regular monitoring of amounts outstanding for both time and credit limits.
Trade creditor liquidity risk is managed by ensuring that suffici¢nt funds are available lo meel amounts due.
Conclusions
During ?0241-?5 SWGfL sustained its reputation as a leader in online safety, balancing service delivery with
thought leadership and advocacy.
Demand for helpline support and online safety tools increased markedly. reflecting the growing complexity of
online hamis. The Trust responded by expanding its services. launching innovative resources such as the
Sj'ntheiic Media Hub, and strengthening partnerships M'ith industry and policymakers.
Recognition through awards and honours underscored the impact of SWGtL's work.
Looking ahead. the Trustees will continue to support the stralegic goals of the organisation. ensuring that
SWGfL remains at the forefront of safeguarding children and adults in an increasingly digital world.
The annual report was approved by the trustees of the charitable company on
behalf by:
R Bond
Trustee
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South West Grid for Learning Trust
Statement of Trustees, Responsibilities
The trustees (who are also the directors of Souih Wesl Grid for Learning Trust for the purposes of company law)
are responsible for preparing the trustees, report and the financial statements in accordance w ith applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice),
including FRS I O? "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
Company law requires the trustees to prepare financial slalements for each financial year. Under company law
the trustees must not approve the financial statements unless they are satisfied that they give a Irue and fair view
of the siaie of affairs of the chariiable ¢ompany and of the incoming resources and applicalion of resources,
including its income and expenditure. of the charitable company for thai period. In preparing these fLnancial
slatements. the trustees are ￿qUired to..
select suilable accounting policies and apply them consistently-
observe the methods and principles in the Charities SORP.
make judgements and estimates thal are reasonable and prudenl.
state whether applicable accounting standard5, comprising FRS 10? have been followed. subject lo any
material departures disclosed and explained in the financial statement5. and
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 that can disclose with reasonable accuracy at
any lime the financial position of the charitable company and enable ihem to ensure that the financial statements
comply w'ith the Compaiiies Act ?006. They are also responsible for safeguarding the assets ot" the charitable
company and hence for taking reasonable steps for the prevention and deteclion of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial infomiation
included on the charitable company's website. Legislation goveming the preparation and dissemination of
financial slatements may differ from legislation in other jurisdictions.
Diselosure of information to auditor
Ea¢h trustee has taken steps that they ought lo have taken as a trustee in order to make themselves aware of any
relevant audit inforn)ation and to establish that the charitable company's audilor is aware of that inforniation.
The trustees confirm thal there is no relevant information that they know of and of which they know the auditor
is unaw'are.
Approved by the trustees of the charitable company on
2*and signed on its behalf by:
R Bond
Trustee
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South West Grid for Learning Trust
Independent Auditor's Report to the Members of South West Grid for Learning Trust
Opinion
We have audited the financial statements of Souih West Grid for Learning Trust (the 'charitable company,) for
the year ended 31 March ?0?5. which comprise the Statement of Financial Activities. Balance Sheet. Statement
of Cash Flow5. and Notes lo the Financial Statements. including a summary of significant accounting policies.
The financial reporting framework thai has beeii applied in their preparation is United Kingdom Accounting
Standards, comprising Charities SORP - FRS 10? 'The Financial Reporting Siandard applicable in the UK and
Republic of Ireland, and applicable law (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the stale of the charitable company's affairs as at 31 March ?0?5 and of its
incoming resources and application of resources, including its income and expenditure, for the year then
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
have been prepared in accordance with the requirements of the Companies Act ?006 and the Charities and
Trustee Investment (Scotland) Acl ?005 and regulation 8 of the Charities Accounls (Scotland) Regulalions
?006.
Basi5 lor opinion
We conducted our audit in accordance with Internalional Standards on Auditing (UK) (ISAS (UK}) and
applicable law. Our responsibilities under Ihose standards are further described in the auditor responsibilities for
the audil 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 stateTnents in the UK,
including the FRC'S Ethical Stsndard. and we have fulfilled our other ethical responsibilities in accordance with
these requirements. We believe ihat the audit evidence we have obtained is sufficienl 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 Ihe financial statements is appropriate.
Based on the work we have perfomied. we have not identified any material uncertainlies relating to events or
conditions that. individually or collectively. may casl significant doubt on the charitable company's ability 10
continue as a going concern for a period of at least twelve months from when the original financial statements
were authorised for issue.
Our responsibililies and the responsibilities of the trustees with respect to going concern are described in the
relevant seclions of this report.
Other information
The Irusiees are responsible for the oiher information. The other infomation comprises the infonnation included
in the annual report. other than the financial statements and our auditor's report ihereon. Our opinion on the
financial statements does not cover the other information and. except to the extent oth¢rwise explicitly stated in
our report, we do not express any forni of assurance conclusion thereon.
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South West Grid for Learning Trust
Independent Auditor's Report to the Members of South West Grid for Learning Trust
In connection with our audit of the financial slatements. our responsibility IS to read the other information and,
in doing so, consider whether the other inforn)ation is materially inconsistent with the financial statements or
our knowledge oblained in the audit or otheTh4'ise appears to be materially misslaled. If ￿'e identify such material
inconsistencies or apparent material misstatements. we are required lo determine M,hether there is a material
misstatement in the financial statements or a material misstatement of the other information. If. based on the
work we have performed, we conclude that there is a maierial misstatement of this other inforniation. we are
required to report that fact.
We have nothing to report in Ihis regard.
Opinion on other malter prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of the audit:
the inforniation given in the Tntstees Report for the financial year for which the financial statemenls are
prepared is consislent with the financial statemenls- and
the Trustees Report has been prepared in accordance with applicable legal requirements.
Matler5 on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of
the audit, we have not identified material misstatements in th¢ directors, report included wiihin the trustees
report.
We have nothing to report in respect of the following matlers where the Companies Act ?006 requires us lo
report to you if. in our opinion..
adequate accounting records have nol been kept, or retums adequale for our audit have not been received
from branches not Vl51ted by us; or
the financial statement5 are not in agreement with the accounling records and returns- or
certain disclosures of trustees remuneration specified by law are not made; or
'e have nol received all the infomiation and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Sthtement of Trustees, Responsibilities (set out on pag¢ 10). the tNstees are
responsible for the prepardtion of the financial statements and for being salisfied that they give a true and fair
view. and for such intemal control as the trustees determine is nece55ary to enable the preparalion of financial
statements that are free from material misstatemenl, w'hether 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 concem. disclosing, as applicable, matters relaled lo 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.
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South West Grid for Learning Trust
Independent Auditor's Report to the Members of South West Grid for Learning Trust
Auditor respon5ibilitie5 for the audit of the financial Statements
We have been appointed as auditor under section 44{1)(c) ot- the Charities and Trustee Investment (Scotland)
Act 1005 and under the Companies Act ?006 and report in accordance with the Acts and relevant regulations
made or having effect thereunder. Our objectives are to obiain reasonable assurance about whether the financial
statements as a whole are free from material misstatement. whether due to fraud or error, and to issue an
auditor s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guarantee thal an audit conducted in accordance with ISAS (UK) will always detect a material rnisstatemenl
when it exists. Misslatements can arise from fraud or error and are considered malerial 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 stalements.
As part of an audit in accordance with ISAS (UK). we exercise professional judgement and maintain
professional sceplicism throughout the audit.
Irregularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities. ouilined above. to delect material misstalements in respecl of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularilies, including fraud is
detailed below.
The exlent to which the audit was considered capable of delecting irregularities including fraud
Our approach to identify'ing and assessing the risks of material misstatement in respect of I￿egUlar1ties,
including fraud and non-compliance with laws and regulations. was as follows..
the engagemenl partner ensured thal the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.
we identified Ihe laws and regulations applicable lo the company through discussions with directors
and other management. and from our commercial knowledge and experience.
we focused on specific laws and regulalions ￿,hICh we considered rnay have a direct material etTecl on
the financial stalements or the operations of the company, including the Companies Act ?006, Charities
Act ?01 l. Charities and Truslee Investmenl (Scotland) Acl )005. Charities Accounts (Scotland)
Regulations ?006. laxation legislation. data protection. anti-bribery. employinent. environmental. fire
safety, Licensing Act ?003 and healih and safety legislation-
we assessed the extenl of compliance with the law5 and regulations identified above through making
enquiries of management. reviewing licenses. certificates and relevant correspondence including the
inspection of legal correspondence: and
identified laws and regulations were communicated within the audit team regularly and the team
remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company's financial statements to material misstatement, including
obtaining an understanding ol how fraud might occur, by..
making enquiries of managemenl as to where they considered there was susceptibility to fraud. their
knowledge of actual, suspecled and alleged fraud: and
considering the internal controls in place lo mitigate risks of fraud and non-compliance with laws and
regulations.
Page 13

South West Grid for Learning Trust
Independent Auditor's Report to the Members of South West Grid for Learning Trust
To address the risk of fraud through management bias and ove￿Ide of controls. we..
perfonned analylical procedures to identify any unusual or unexpected relationships.
tested journal entries lo identify unusual transactions:
assessed wheiher judgements and assumptions made in detennining the accounting estimates were
indicative of potential bias.. and
investigated ihe rationale behind significanl or unusual transactions.
In response lo the risk of irregularities and non-compliance with laws and regulations. we designed procedures
which included. bul were not limited to:
agreeing financial slatement disclosures lo underlying 5UPPOrting documenthtion;
reading the minutes of meetings of those charged with govemance:
enquiring of managemenl as lo actual and potential litigation and claims- and
reviewing correspondence wilh HMRC. relevant regulators and the company's legal advisors.
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial transactions. the less likely it is that ￿'e would become aware of non-compliance.
Auditing standards also limit the audil procedures required to identify non-compliance with laws and regulaiions
to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if
Material mi55tatemenls thal arise due to traud can be harder to detect than those that arise from error as they
May involve deliberate concealment or collusion.
A further descriplion of our responsibilities is available on the Financial Reporting Council's websile at..
ryw.frc.org.uklauditorsresponsibilities. This description form5 part of our auditor's report.
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordai)ce with Chapter ) of Part
16 of the Companies Acl )006. Our audit ￿'ork has been undertaken so that w'e might slate lo the charitable
company's trustees those matters we are required to stale to them in an audilor's report and for no other purpose.
To the fullest extenl pern]itted by law. we do not accepl or assume responsibility to anyone other than the
charitable company and its trustees as a bod for our audit work. for this report. or for the opinions we have
fonned.
LLf
Mr Simon I
For and on
enior
ofTh
tatutory Audito
pson Jenner LLP, Statutory Auditor
ehalf
?8 Alexand
E¥mouth
Devon
EX8 IBD
rrace
Date.. .10
ZS
Page 14

South West Grid for Learning Trust
Statement of Financial Activities for the Year Ended 31 March 2025
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestrieted
funds
Restricled
funds
Total
Note
Income and Endowments from:
Charitable activities
Investment income
971 ?10
70.035
1,239,19?
2,210,332
70.035
Total income
1,041.245
,239,1 ?2
?,280,367
Expenditure on..
Charitable activities
(960,069)
(1,239,12?)
(2,199,191)
Total expenditure
(960,069)
{1,239,12?)
2,199,191)
Net income
81,176
81,176
Net movement in funds
81,176
81,176
Reconciliation of funds
Totsl fiulds brought forward
2,251,961
2,251,961
Total funds carried forward
19
2,333,137
2,333,137
Page 15

South West Grid for Learning Trust
Statement of Financial Aetivities for the Year Ended 31 March 2025
(Including Income and Expenditure Aceount and Statement of Total Recognised Gains
and Losses)
ComparatiTr'e Statement of Financial Activities for the Year Ended 31 March 2024
Unrestricted
Restricted
Total
funds
funds
2024
Note
Income and Endowments from:
Charitable activities
Investment income
857.91
43.683
1,195,095
?,053,006
43.683
Total income
901,594
1,195,095
2,096,689
Expenditure on:
Charitable activities
l.0?1.012)
(1,195,095)
(2,216,107)
Total expenditure
i.o?I,01?)
(1.195,095}
(2,216,107)
Net expenditure
(119.418)
(119,418)
Net movement in funds
(119,418)
(119,418)
Reconciliation or rund$
Total funds brought forward
?,371,379
? 371,379
Total funds carried fonvard
19
?.251,961
?251,961
All of the charitable company's activities derive from continuing operations during the above two periods.
The funds breakdown for ?0?4 is shown in note 19.
Page 16

South West Grid for Learning Trust
(Registration number: 05589479)
Balance Sheet as at 31 March 2025
2025
2024
Note
Fixed assels
Intangible assets
Tangible assels
Investments
12
13
14
37?
13,434
816
10,33?
13,807
11.149
Debtors
Cash ai bank and in hand
15
441.693
? 675.255
?54. jo I
? 701,771
3,116.948
2,956,07?
Creditors: Amoun15 falling due wilhin one year
16
(797,618)
(715,260)
Iyet currenl assets
? 319.330
? 240,81?
Net assets
2,333,137
2,251,961
Funds ofthe charitable company:
Unrestricted income funds
Unrestricted
2,333,137
? 251,961
Total funds
19
? 333,137
2,251,961
The
Ina
cial statements on pages 15 to 36 were approved by the trustees. and authorised for issue on
25and signed on their behalf by".
R Bond
Trusiee
Page 17

South West Grid for Learning Trust
Statement of Cash Floivs for the Year Ended 31 March 2025
2025
2024
Note
Cash floiv5 from operating activities
Net cash incomel{expenditure}
81,176
(119,418)
Adju5tmen15 to cash flows from non-ca5h item5
Depreciation
Amort15ation
Investment income
9,97?
444
(70,035)
11,788
1,785
(43,68))
?1,557
(149,528)
Working capital adjuslmentS
(In¢rease}Idecrease in debtors
Increase/ldecrease) in creditors
Increasel(decrease) in deferred income
15
16
(187.39?)
53,741
?8,617
?05,731
(160,787)
(398,638)
16
Net cash flows from operating activities
(83.477)
503,22?)
Cash flows from ini'e5ting activities
Interest receivable aiid similar income
Purchase of tangible fixed ass¢ts
70,035
(13.074)
43.683
(2,487)
13
Nel cash flows from investing activities
56,961
41.196
Nei decrease in cash and cash equivalents
(?6.516)
(46?,026)
Cash and cash equivalents at l April
2,701,771
3,163,797
Cash and cash equivalents at 31 March
?,675,255
?701,771
All of the cash flows are derived from continuing operalions during the above two period5.
Page 18

South West Grid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
I Charitable company status
The charitable company is limited by guarantee. incorporated in England and Wales, and consequently does nol
have share capital. Each of the trustees is liable to contribule an amount nol exceeding £ I towards the assets of
the charitable company in the event of liquidation.
The address of ils registered o￿lCe is..
Belvedere House
Woodwater Park
Pynes Hill
Exeter
EL? 5WS
2 Accounting policies
Summary of significanl accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of Ih¢s¢ tinancial stalements are s¢t Qui below.
These policies have been consistenily applied to all the years presented, unless otherwise stated.
Stalement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities=
SLqtement of Recommended Practice applicable to charilies preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10?) (effective l January
2019) - (Charilies SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 10?). They also comply with the Companies Act ?006. the Charities Act ?01 l and Charities
Accounts {Scotland) Regulations ?006 (as amended).
Basis of preparation
South West Grid for Learning TNSI meels the definition of a public benefit entity under FRS 10? Assets and
liabilities are initially recognised at historical cost or transaction value unless othenvise stated in the relevant
accounting policy notes.
Going concern
The trustees consider that there are no material uncertainties about the charitable company's ability to continue
as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the
charitable company.
Exemption from preparing group accounts
The charity has taken advantage of ihe e.xemption in The Charities (Accounts and Reports) Regulations 2008
from the requiremenl to prepare con501idated financial statements. on the ground5 that the inclusion of the
subsidiary undertaking is not material for the purposes of giving a true and fair view.
Page 19

South West Grid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 Mareh 2025
Income and endowments
Income is recognised when the charity has entitlement to the funds, any perfornlance conditions attached to the
item(s) of income have been met, it is probable thai the income will be received and the amount can be
rneasured reliablv. Income derived from the provision of goods and services is stated after trade di5COUnts, other
sales taxes and net of VAT.
Income from government and other grants, whether 'capital' granls or 'revenue' grants. is recognised when the
charity has enlitlement to the funds. any perfonnance conditions attached lo the grants have been met, it is
probable that the income will be received and the amounl can be measured reliably and is not deferred.
Income received in advance of ihe provision of a specified service is deferred until the criteria for incotne
recognition is met.
Deferred iiiconie
Deferred income represents amounts received for future periods and is released to incoming resources in the
period for which. it ha5 been received. Such income i5 only deferred when..
The donor specifies that the granl or donation must only be used in future accounting periods; or
The donor has imposed condit10115 which must be met before the Charity has unconditional entitlement.
The income recieved from charilable activities relates to a future period
Jnvesljnenl income
Interest on funds held on deposit is included wh¢n receivable and ihe amount can be measured reliably by the
charity: this is normally upon notificalioii of the interest paid or payable by the Bank.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable
settlemenl is required and the amount can be measured reliably. All costs are allocated 10 the applicable
expenditure heading that aggregate similar costs lo thal category. Where costs cannoi be directly attributed to
particular headings they have been allocated on a basis consistent with the use of resources. with central staff
costs allocated on the basis of time spent. and depreciation charges allocated on the portion of ihe asset's use.
Other support costs are allocated based on the spread of staff costs.
Charilable oclivities
Charithble expenditure comprises those costs incurred by the charity in the delivery of its activities and services
for its beneficiaries. It includes both costs that can be allocaled directly to such activilies and those costs of an
indirecl nature necessary to support them.
Page 20

South West Grid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
Support costs
Resources expended are allocated to the particular activity where Ihe cosl relates directly to that activity.
However. the cost of overall direction and administration of each activity. comprising the salary and overhead
costs of the central function, is apportioned on the following basis which are an estimate. based on staff time, of
the amount attributable to each aciivily.
2024
2024
Online Safety
Barefoot
Licencing
Schools Internet Service
Governance costs
These include the costs attributable lo the charitable company's compliance with constitutional and statutory
requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
Taxation
The charitable company is considered to pass the tests set out in Parngraph I Schedule 6 of the Finance A¢t
2010 and therefore it meets the definition of a charitable company for UK corporation tax puryx)ses.
Accordingly. the charitable company is potentiallj. exempl from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part I l of the Corporation Tax Act ?0 l O or Seclion ?56 of the
T&xation of Chargeable Gains Act 199? to the ¢xtenl that such income or gains are applied exclusively lo
charitable purposes.
Intangible a55ets
Intangible assets are stated in the Balance Sheet at cost less accumulated amortisation and impairment. They are
amortised on a straight line basis over iheir estimated useful lives.
Tangible fixed assets
ndividual fixed assets costing £250.00 or more are initially recorded at cost, less any subsequent accumulated
depreciation and subsequent accumulated irnpairnient losses.
Amortisation
Amortisalion 15 provided on intangible fixed assets so as to WTite off the cost. less any estimated residual value,
over their expected useful e¢onomic life as follows..
Asset class
Computer software
Amortisation method and rate
?OO/o Strdighi line basis
Depreciation #nd amortlsation
Depreciation is provided on tangible fixed asseis so as to write off the cosl or valuation, less any estimated
residual value, over their expected useful economic life as folloM's.'
Asset class
Fixtures and fittings
Depreciation method #nd rate
330/0 Strdight line basis
Page 21

South West Grid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is
measured at the aggregate of the fair values at acquisition dale of assets given. liabilities incurred or assumed.
and equity instruments issued by the group in exchange for control of the acquired. plus any costs directly
attributable lo the business combination. When a business combinatioi) agreement provides for an adjustment to
the cost of the combination contingent on future events. the group includes the estimated amount of that
adjustment in the cost of the combination at the acquisilion date if the adjustment is probable and can be
measured reliably.
Trade debtors
Trade debi()rs are amounts due fvom Customers for merchandise sold or services perfornied in the ordinary
course of business.
Trade debtors are recognised initially al the transaction price. They are subsequently measured at amortised cost
using the effective interest meihod, less provision for impainnent. A provision for the impainnent of irade
debtors is established when there is objective evidence that the charitable company will not be able to collect all
amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-tenn highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Trade credilors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Accounts payable are classified as curreni liabilities if the charitable company does not
have an unconditional right. ai Ihe end of the reporting period. to defer settlemenl of the creditor for at least
twelve months after the reporting date. It there is an unconditional right to defer settlement for at least twelve
months after the reporting date. Ihey are presented as non-curreni liabilities.
Trade credilors are recogni5ed initially ai the transaction price and subsequently measured at amortised cost
Using the effective interest method.
Foreign exchange
Transactions in foreign currencies are recorded at the rate of exchange ai the dale of the transaction. Monetary
assets and liabilities denominated in foreign currencies ai ihe balance sheet date are reported al the rates of
exchange prevailing at that date.
Other exchange differences are recognised in the statement of financial activities in the period in which they
arise except for..
l ) exchange differences on transactions entered into to hedge cenain foreign currency risks (see above);
?) exchange differences arising on gains or losses on non-mon¢tary items which are recognised in other
comprehensive income.
Page 22

South West Grid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
Fund structure
Unrestricted income funds are general funds that are available for use at the tNstees discretion in furtherance of
the objectives of the charitable company.
Pensions and other post retirement obligation5
The charity operates a defined contribution pension plan. A defined contribution plan is a pension plan under
which fixed contributions are paid into a pension fund and the charitable company has no legal or constructive
obligalion to pay further contributions even if the fund doe5 not hold sU￿1¢ient assets lo pay all employees the
benefits relating to employee service in the cu￿ent and prior periods.
Contribulions to defined contribution plans are recognised as employee benefit expense when they are due. If
contribution paymenls exceed the contribution due for service, the excess is recogni5ed as a prepayment.
Financial instruments
Clas.sificaliun
The Charily only has financial assets and financial liabilities of a kind Ihat qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction price and subsequently measured at their
settlement value.
3 Income from charitable aelivities
Unrestricted
funds
General
Restricted
fulld5
Total
2025
Total
2024
Online Safety
Barefoot
Licencing
Schools Internei Service
927,339
.239,1 ??
2,166,461
1,920,676
9,583
54.400
68.347
?4.594
19.277
24.594
19,277
971 ?10
,239,1??
2,210,33?
?,OS3,006
The prior year's totsl income from charitable activities of £2,053.006 included unrestricted funds of £857,911
and restricted funds of £1,195,095.
4 Investment income
Unrestricted
funds
General
Total
2025
Total
2024
Interest receivable and similar income;
Interesl receivable on bank deposits
70,035
70,035
43,683
The prior year's total investment income of £43,683 was unrestricted.
Page 23

South West Grid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
5 Expenditure on charitable activities
Activity
undertaken
directly
Aclivity
support costs
2025
2024
Online Safety
Barefoot
Licencing
Schools Internet Service
1,7?0,738
413,?49
? 133,987
2.131,041
8,815
9.449
66.809
8,700
13.050
8.700
56,504
43,454
,764,19?
434,999
? 199,191
?216,107
The prior years lotal expenditure of £2,?16,107 included expenditure attributable directly to activities
undertaken of £1.780.059 and support costs of £436.048.
Included in the expendilure analysed above are govemance costs of £17,694 (20?4 - £30.857) which relate
directly to charitable activities. See note 6 for further details.
Unrestricted
funds
General
Restricted
funds
Total
2025
Total
2024
Online Safety
Barefoot
Licencing
Schools Internei Service
894,865
1.239,1?2
2,133,987
2,131,041
8,815
9,449
66.80?
8,700
56.504
8,700
56.504
960,069
1,239,1??
? 199.191
? 216,107
The prior years lotal expenditure of £2,?16,107 included expendilure attributable to unrestricted funds of
£ 1.0? 1,0? l and £1,195.095 to restricted funds.
Page 24

South West Grid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
6 Analysis of governance and support costs
Cbaritable activities expenditure
Total
2025
Total
2024
Employment costs
Establishment costs
Legal and Professional
Travel and subsistence
Computer expenses
Advertising and promotion
Bad debt provision
Foreign currency losses
186,981
118,4?1
81,447
2,741
44,906
123,761
118,769
99,585
2,589
45,379
151
35?
27.753
18,210
434,999
436,048
Governance cos1$
Total
2025
Total
2024
Audit fees
Audil of the financial statements
Other fees paid io auditors
Legal fees
11,965
4,986
743
11.400
3,808
15,649
17,694
30,857
7 Net incomingloutgoing resources
Net incomin￿{out80ingj resources for the year include..
2025
2024
Operating leases - other assets
Audit fees
Other non-audit services
Depreciation of fixed assets
Foreign currencv losses
Amortisation of software
56,770
11,965
9,678
9,972
35?
444
56,944
11.400
7,7?0
11,788
18.210
1,785
Page ?5

South West Grid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
8 Trustees remuneration and expenses
No Irustees, nor any persons connected with them, have received any remuneration from the charitable Company
during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
9 Staff costs
The aggregate payroll costs were as follows..
2024
Staff costs during the year were:
Wages and Salaries
Social security costs
Pension costs
1,182,749
120.194
105.961
,075,159
108,511
106.8?6
1,408.904
1.290,496
The monthly average number of persons (including senior management / leadership team) employed by the
charitable company during the year expressed as full lime equivalents was as follows:
2025
No
2024
Administration
36
34
30 (?0?4 - ?5} of the above employees participated in the Defined Contribution Pension Schemes.
The number of employees whose emoluments fell within the following bands was..
2025
2024
£90.001- £100,000
The lotal employee benefits of the key management personnel of the charitable company were £446,354 (?0?4 -
£413,668).
Page 26

South West Grid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
10 Auditors, remuneration
2025
2024
Audtt of the financial statements
11,965
11,400
Other fees to auditors
All other non-audit services
9,678
I l Taxation
The charitable company is a registered charity and is therefore exempt from taxation.
12 Intangible fixed assets
Soflware
Total
Cost
At l April 20?4
15,868
15,868
Ai 31 March ?025
15,868
15,868
Amortis8tion
At l April ?0?4
Charge for the year
15,052
444
15,05?
444
At 31 March 2025
15,496
15,496
Net book value
At 31 March 2025
372
37?
At 31 March 20?4
816
816
Amortisation of intangible fixed assets is included within expenditure on charitable activities.
Page 27

South West Grid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
13 Tangible fixed assets
Furniture and
equipjnent
Total
Cost
At l April ?0?4
Addilions
Disposals
149.J99
13.074
(91,403)
149,399
13.074
(91.403)
At 31 March ?0?5
71.070
71,070
Depreciation
At l April ?0?4
Charge for the year
Eliminaled 01) disposals
139,067
9,971
(91.403)
139,067
9.971
(91.4031
At 31 March ?0?5
57,636
57,636
Iyel book value
At 31 March ?0?5
13,434
13,434
At 31 March ?0?4
10.33?
10.33?
14 Fixed asset investmenls
2024
Shares in group undertakings and participating interesls
Page 28

South West Grid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
Shares in group undertakings and participating intere5t5
Subsidiary
undertakings
Total
Cost
At l April 2024
At 31 March ?025
Net book value
At 31 March 2025
At 31 March 20?4
Details of undertakings
Details of the investmenls in which the charitable company holds ?OO/o or more of the nominal value of any class
of share capital are as follows:
Country of
incorporation
Proportion of voting rights Principal
and shares held
a¢tivity
Undertaking
Holding
2024
Subsidiary undertakings
Edtesa Limited
Belvedere House. P￿￿e5
Hill, Woodwater Park.
Exeter, EX? 5WS
England and Wales Ordinary
loo%
I OOO/o
ICT & software
Page 29

South West Grid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
Subsidiaries
The loss for the financial period of Edtesa Limited was £148 (?0?4 - £4,04?) and the aggr¢gale amount of
capital and reserves at the end of the period was £(27.424) (?0?4 - £(27,276)).
15 Debtors
2025
2024
Trade debtors
Prepayments
Accrued income
354.6?8
43.370
33.695
i 0.000
58 ?64
47.147
38.890
10.000
Other debtors
441,693
?54,301
16 Creditors: amounts falling due within one year
2025
2024
Trade creditors
Other taxation and social security
Other creditors
Accruals
Deferred income
79.081
16,905
341,49?
52,358
307.78?
64,931
24,881
300.547
45,736
279,165
797,618
715 ?60
2025
2024
Deferred income at l April ?0?4
Resources deferred in the period
Amounts released from previous periods
?79,165
307,78?
(279.165)
677,803
?73,565
(67?.203)
Deferred income at year end
307.78?
?79.165
Page 30

South West Grid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
17 Obligations under leases and hire purchase eontracts
Operating lease commitments
Total ￿tUre minimum lease payments under non-cancellable operating leases are as follows..
2025
2024
Land and buildings
Within one year
Between one and five years
60,368
10,061
61,206
71,407
70.4?9
132,613
Other
Within one year
4,886
18 Pension and other schemes
Defined Contribution pension scheme
The Charity operdtes a defined contribution pension scheme. The pension c05t charge for the year represents
contributions payable by the Charity to the scheme and amounted to £105,961 (20?4 - £106.826).
Contributions totalling £14,019 (20?4 - £12.83?) were payable to the scheme at the end of the year and are
included in creditors.
The defined contribution pension scheme liability and expense wa5 allocated between charitable activities and
restricted and unrestricted funds based on the activities perfonned by each individual member of slaff.
Page31

South West Cirid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
19 Funds
Balance at I
April 2024
coming
resources
Resources
expended
Balance ai 31
March 2025
Unreslricted funds
General
Unrestricted income fund
2,251,961
1.041.245
(960,069)
2.333,137
Restricted funds
Nominet Grani
TikTok Grant
Pershing Grant
Home Office Grant- RP
Inspire Scotland (irant
Minerva Projeci- Safe Online
773,395
55,000
75,802
225,000
58,134
51,791
{773,395)
(55,000)
(75,802)
(225.000)
(58,134)
{51,791)
Total restrieted funds
1,239,122
(1,239,122)
Total funds
2,251,961
2,280,367
(2,199,191)
2,333,137
Page 32

South West Grid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
BAlance ai I
April 2023
Incoming
resourees
Resources
expended
Balance at 31
Mareh 2024
Unrestricled funds
General
Unrestricted income fund
2.371.379
901.594
(1.021.012)
2.251,961
Restricted
Noniinet Granl
TikTok Grani
Pershing Grant
METAIFacebook
Home Otrice Grant - RP
Inspire Scotland Grant
842,780
45,33)
78,847
20,000
150.000
58.135
(842,780)
(45,333)
{78,847)
{20,000)
(150,000)
{58.135)
Tot21 restricted funds
1,195,095
(1,195.095)
Total funds
2.371,379
? 096,689
(? ?16.107)
2.251,961
Pag¢ 33

South West Grid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
The specific purposes for which the funds are to be applied are as follows:
The Nominet funds relates lo funding from Nominet for the operation of the UK Safer Internet Centre in
association with the consortium members.
TikTok funds relates lo funding the support of SWGfL's role as a part ofthe UK Safer Internet Centre. dedicaied
to keeping the internel safe for users of all ages.
Pershing funds were provided lo support SWGtL in combating STOPNCII (Stop Non-consensual Intimate
Image Abusel.
Mei&lFacebook funds w'ere provided io support SWGfL in combatting non-consensual sharing of iniimate image
abuse and supporting? victims.
Home oifice (RP) funding relates to funding to the support work in combatting violence against women and
girls.
Inspire Scoiland funds relates lo the funding support SWGtL in the Delivering Equally Safe Scotland Project.
Sale Online projecl fundii)g relales to funding Io sUPPOrt SWGfL in improving the lives of disadvantaged
women and girls.
Page 34

South West Grid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
20 Analysis of net assets between funds
Unrestricted
funds
General
Tolal funds at
31 March
2025
Restricted
funds
Inlangible fixed assets
Tangible fixed assets
Fixed asset investments
Current assets
Current liabililies
37?
13,434
372
13,434
3,038.900
(719,570)
78,048
(78,048)
3,116,948
(797,618)
Total net assels
?333,137
2,333,137
Unreslricled
funds
General
Total funds at
31 March
2024
Restricted
funds
Intangible fixed assets
Tangible fixed assets
Fixed assel investments
Current assets
Cu￿ent liabilities
816
10.33?
816
10.33?
2,910,245
(669.433)
45.8?7
(45.8?7)
2,956,072
(715,260)
Tolal net assets
?,251.961
2,251,961
21 Analysis of net funds
At l April
2024
Financing eash At 31 March
flows
2025
Cash at bank and in hand
?,701,771
(?6.516)
2,675,255
Net debt
?,701,771
(?6,516)
2,675,255
At l April
2023
Financing cash
flows
At 31 March
2024
Cash at bank and in hand
3,163,797
(46?,026)
2,701,771
Net debt
3,163,797
(46?.026)
? 701,771
Page 35

South West Grid for Learning Trust
Notes to the Financial Statements for the Year Ended 31 March 2025
22 Related party transactions
Other related party transactions
The Trust's governing document was amended in January ?0?4 and as a result of this Local Authorities no
longer meel the definition of a related party. The bel()w oulslanding balances have arisen trom transactions
which look place wilh pariies thal were related at the time of such transactions.
Due to the nature of the Trust's operations procuring services on behalf of the Local Auth()rities and the board of
trustees including representatives from the Local Auth()rities, transactions inevitably lake place betw'een the
Irust and organisations in which the Iruslees have an interest.
All transactions are conducted at arnis length and no specific transactions have occurred in which a Iruslee has
an individual interest.
The lotal reslricled funds received for each Local Authority relating to broadband growth and maintenance
which is unspent at the year end is as follows-
202.4
2024
Devon
112,193
112,193
Plymouth
Swindon
3,403
3,403
12.447
12.447
Torbay
Wilishire
7,578
7,578
A5 these services are no longer offered by South West Grid for Leaming Trust, the tunds are now included
within other creditors.
Page 36