COMPANY REGISTRATION NUMBER: 06557851 CHARrfY REQISTRATION NUMBER: 1125fj32 NWG Network Company Limlted by Guarantee Financlal Statements 31 March 2024 ALLEN, WEST AND FOSTER LIMrrED Chartered Accountants & statutory audltor Omega Court 364-366 Cemetery Road Sheff lèld S118Fr
NWG Network COmnY Llmli•d by Gu•r•nt•• Fln•n¢lal StatsmMI• Yoar énded 31 March 2024 Tru8tee8' annual report IhcorporatlTrJ the dir8ctorf$ report) 1107 Independ8nt audllorfs rgport k• the mafflbèrs Statemant ol linan¢lal act1vl1l IlncludSng incom• and •xp•ndllur• account) 8t0 13 14 Statement of Ilnanclal posltlon sktqment of cash flow8 15 Notes to the flnanGial stalemenl8 171025 Tho lollowlng p•g•• do not lomi part of lh• flnmelil •lal•m•nt• D8tallad 81atement of Ilnanclal aotMtIg8 27to28 Not08 to the d?talled statement of financlal act110$ 29
NWG Network Company Llmlted by Guarant•• T11. Annual Aeport (Incorporatlng th• Dlr•thorf4 Report) yo •nd•d 31 March 2024 The Irustees, are also Ihe dlreclors for Ihe purposes ol company law, prgsent thelr report and Ihe flnanclal slat8ments of the Gharlty for Ihe year anded 31 MarGh 2024. Rof•ronce And admlnl$iritlvo detalls R•gl$i•r¢d chirlty n•m• Charlty ragl•iMtlon nurnr NWG Network 1125632 Company wgl•lratlon numb•r 06557851 Prlnclp•l offle• knd r•gl•t•rad Suita 1 Innovation Hou80 offlo• East SeNlca Road Rayne8way Derby DE2178F Tho lrn•i••• R Cadman.Jones SARose N Jona6 Or C Harrls K Woodward G Palmer MBE K Flanagan (Rotlrod 7 Decgmbor 2023) (Rellred 12 May 20231 (Appolnted 8 Decembgr 2023) Audllor Allen, Wast and Foster Llmlted Chartered Accountants & 3tatulory audllor Omega Court 364-366 Cemeiery Road Sheffleld S118
NWG Network company Umll•d by auoranl•• Tru•te••' Annual Reporl (Incorporallng Iho DIreo$ Roport) (conllnv•d) Y•ar endod 31 March 2024 8lruclur•¥ govgm•nce and manAg•m•nt Gov•rnlng documont* NWG is consliluled as a company Ilmlled by guarantee, Incorporated on 7th April 2008. The work ol the charlty Is govorned by the Memorandum and Artlcles ol A8soclalion whlch were updated In Aprll 2015. R•crullrn•nt and •ppolnlm•nt ol now truJt• A dlrector (WI also seNes a8 a tru8t•a arnl management group membgrl must ba aged 18 years or older. Directors are appolnted al tha Annual General Meetlng or ty Iho olher dlr8clor8. The Artlcles ol A8$oclatlon contalng Iho nom7al explanallon of Iho dut188 Involved. At each Annual General Meeiro, ono Ihird ot Ihe directors, or, If Ihelr numbai Is nol 3 or a multlple of 3, the number nearest lo one Ihlrd, must réure from offlce by rotation. Flellrlng direclors can sland lor reappointment agaln 11 they w18h to do so. How8ver a trustee can only stand for 3 consecutlve lerm8, Should thoy wlsh to return they eAn Stand lor reappolntrnont after a 12 month period. Potenllal dlrectors could be idonlified by pernonal iecommendatton, or by advert181ng the vacancy vla the rnabliTrJ list. M•mbw•hlp Structur• The NWG Nefriork18 mada up of professlonals who are Indlvlduals, organSsatlon5 and projoct8 who work with young peo8 at r18k of, or affected by, chlld exploltatEon, or those undertaking pollcy and research work In thls araa. There18 0 Ilxad fee struclure for Individuals and projects allowing full paylng momber8 access to whole websll•. Rl•k M•nag•moni The trustees have a duty to Identlfy and revlew the risks to whlch the charSlablo company IJ exposed, and to ensure that approwlale controls arg In plac8 to provlde reasonablg assuranca agalnst fraud and error. The Iru8tees undertake thls duty through lh8 malntgnwK9 Qf a rl8k r8gi$ter which 16 updated on an owlng bas18. The entlre reglster Is iwlgwod on an annual ba818.
NWG N8twork Company Llmll•d by Guar•nl•• Trn8l•M' Anftu R•port (InGoTporallng th• Dlroctofa R•port) (¢OMllnu•d) Y•Av •nd•d 31 Uarch 2024 obdIV and •ctlvlth8 The charftles objects are to promotè. enable, supwrt and d8V8Iop th8 proleetion of chlkjren a1 young people who are affected by Sexual exploltalk>n, human trafflcklng and modem 61avery and ihe relief In need ol suoh persons affected In such parts of ihe Uniled Klngdom Of the world as ihe Directors Irom Ilma lo timo may Ihlnk Ilt, In partlcular bul noi oxclusivoly by: provldlng a forum for proj8Cts or organlsallons concerned wilh thé r•llo1 ol chlldren and young poopl• who arg suherlng b8cause of Sexual exploltaiK>n, modern slavery,. provSdlng links into ¢urrenl research, pollcy and project developmenls wfthln the field of sexual oxplollation, modern slavery ol chlldren and young peopl8 and offerlng opportunlty for •xampl•8 ol good, bad and daveloping practice to be Shar and dlscussed: ancouraglTrJ the coordlnation of dlffer•nt approache$ and alrnlng to contrlbute to tho dovelopmont ol a coordlnaled policy and practke concarnlno children and young people at r18k of or 8uflerlng sexual explollatlon, mod8rn 81avery . - encouraglng a chlld cenlred practic8 that rKognlse8 and respeci8 dlver8Ity,' - dovgloprng an approprlate 8UPPOrt nglwoth lor 88r¥lce8 Work1 chlldren and younq people ai rlsk ol or experlenclng soxual explollatlon, modern Slavery; . onabllng Ihe Charlty to be heard a4 a co116Clivo group of projects and organl8atlon8 working In the Ileld of 88xual explollation, modern slavery; - asslstlng In Ihe eradlcatlon of the Boxual explollatlon and modern 81avory of chlldren and jnO pgople Publlc 8•n•tii Our alms and obj•ctiv•s lall wlthin the doscrwion of the charitable purp0808 8gt out In tho Charitles Act 2006. The very nalure of tha alms and objectlve8 Is, we bellove, 5811 evldontly open, outward looking and dusive. and therefore tor the publlc banalil. The dlreclors have pald du8 reoard lo guldance Issued by the Charlty Comm1831on In decldlng what actlvitlos tha charity should undertako. D•lallJ ot •ctlvltl•• und•rtak•n to furth•r th• alm• and obhcllv•• Thè NWG is a unlque organ18allon In Ihal it Is Ihe only tx)(ty whlch represents and directfy supports all those who woth wilh sexually explolted chlldren and Yng peoplo. A lull range ol NWG meetlngs, aclfvlties and training events look place over Ihe lasl yaar. The NWG romn3 the only UK wide nelwork In contact wlth all provlders of chlhj exploitallon seNSces and wlth an in4eplh knowledge of provlslon across the country. Ong ol It8 key 8trenoth8 has been Ils ab115ty lo unlte extr8m8ly dlverse servlces (our membarship cov9rs slatutory, voluntary and privato sfjGtor organlsatlons, generlc and speclallst youth provi8ion, chlld proteGllon organ18atlon8, research, policymakers and fronlllne practition*8> to work togother effoctiv•ly In thls area. We have Gontlnued to work wllh governrnent departments through working groups and roundlable events. Indlvldual meellngs wlth a range of teams worklng on dlfforent aspects of Child Exploltallon and Ifafflcklng wlthin the UK.
NWG Network coMnY Llmltèd by Guarant• Tru•le81' Annual R•port (Incorporallng tho Dlr•etofa Report) (oonthwrfdj Yow end•d 31 March 2024 Aehl8v•ments and p•rtorman¢o The past fow y8ars have been Some of the most challengino lor chlldren and famllles posl pandemic. the rise In c061 of living sees many lamilles slruaglwva. the 8urge in Internel groomlng durlng and post the pandernt and the new emerglng trend In Al rnakes a more piecarious world lor chiklren and young people to grow up in. As ever, w• seek t¢ pr8v8nl and dlsrupt child expk)Ilatlon and lo support and respond 10 the needs of Ihose worklng wlth chlldren and younq poople who arè al rl8k or subjecl lo exploltatk)n. Thls y8ar saw us celebrate Dur Naiional Exploltatlon Awareness Day8 1 Oth year, th8 success of thi8 Inltlative has se8n the day embedded Sn LoeAI Authorlty, Pollcln9 and Ihlrd sector plan8. wlth many areas runnlng week long awareness campaigns. Over 15,000 individuals and organ18ation8 acc8ss8d Ihe campalgn matarlal. It wlth greal ploaguro we watch the natlon conllnue to 8UPPOrt th16 day and roflect on our ovgrseas followers laklng part loo. Theie WOf• over 27,000 vlslts lo our websllè wlth our Knowled98 Hub belng vory popular with alm1 119,(KIO downloads ovér the year. The most popular downloads are Ihe chlld exploltalion disruptlon toolkit, Ihe CE Awareness Day vkyeos, posters and aBSgts to promote the campaign. 7 mlnute brlefing8 and the Focus on Faffll4es wJsets, We held our tirst In person Annual Conference Ihis year slnce the pandemlc In Sheflleld and were Immensely pleased to welcome many ol our exlgllng and new networf( colle&9U85 to hear from gxcellenl sp8akers on a rango ol subloct6 all focused on redu¢lng arKI ellmlnatlng tha exploltallon of Ghltdren and g people. Th59 year we hosted several événts that brought lionuine praciiwoners closer to dec151on maker8 throu consultation event8 allowln9 IICSA Changomakers and lh& Dgpartmqnt of Edu¢aiion to hear rnoie ol the nuart86 01 worklng frontllne wlth young peoplo and the Impaot Mandatory Reporting would make. We al80 hald an event lo consult wllh our nelwork on the Onllne Harffls Consultatlon. All events were well attend8d and gUCC•S8ful. To mark Interfalih weak, w8 heky a sp8clal cr08s seclor event to sharn oood practlce, foGuging on Poslllon of Trust lor iho sport and falth sector. WO ¢ontlnu• to attend All Paty Parllamentary Group ovents In¢ludlng ihose focuslng on falth, online and Impact of co81 ol Ilvlng on fam111. Our 7-mlnuta brSelings on by8tander and Iranslikn have proved succ•8sful alongsldo oui Irainlng whth continues to Incorporate the latest challengos, trends afKI barriers we brlng to it from our work wlth the n8lwork on a day to day basls. We worked closely with East and North Hertlordshlre NHS Tru81 to develop a toolklt to support relfjrralg from Accidenl & Emergency to safoguardlng teams whtch has now gone Ilve aNI we 7hlll evaluat8 th• progress and brlrvJ1he fiTrY#igs to our n•iwork. Our Equallty, Diversity and InGlusion IEDI) work has grovm over Ihe year and ha8 focused on different aspects such as neurodlversty. the over representation ol black Ung p8opl8 in crlmlnal lustka sw8m8. aThJ traveller Gommunllles. EDI crosses all aspects of our work externally and we contlnuo to review our Lmn Inlernal EDI processes and polldes. Our revl8W5 of Multi-Agency Chlld ExploRallon 18ams and the leamlng from th08e obsgrvafjons has proved invaluable to Supportlng olhers In thgir oym Local Authorlty improvement plans.
One of our major partners, Sport Effjland raspondod to tho Wh0 Revlew *lth a rocMendatIon to ensure 4rtIng organlsallons eThJage wllh kx1llrfLals and group8 Wth livad exparlence of abuse In
NWG Network Company Llmlt•d by Gu•r•nl•• Tvu8tsa•' Annual Report (Ineorporallng th• DIMctorf8 Report) (eanlthu•dJ Year •ndod 31 M•rch 2024 sport. Led by Sport England's Adv180ry Panel, a sull8 of resources Is belng develop8d to SpOrt tNs work. We welcomed Kelly lo our leam 10 dovelop the resour$ for clubs, organisalions, sport and leisure centres to enable effeclive and rneanlngful engaggmenl wllh those wlth Ilved experlence ar Ihose r8sourc88 will be launch8d in Sapiember 2024 through a series of In-person and online events. We continuè to work wth Sport England on Ihelr Uniling the Movement Strategy, promotlng safeguardlng In sport at grassrools level and have succes8fully iThiliated Ihe Safe lo Play and Bystander work In a nurnber ol areas. Flnally, l am extr8m•ly proud ol the NWG teaffl and all tho nèlwork who have demon8liated a oommitm•nt lo share all aspects of thelr work, the challenges they all laced and the problem solvlng shared wllh pe•rs. Thank you lo each and ov•ry one of you. Fln•nclal r•vl• Durfng the year there h&8 been an decrea6e Sn tho level ol unre81ricted reserv•s. Al Iho beglnnlng ol Ihe yoar th088 reserves Stood at £255,545 and at Ihe 3181 March 2024 had moved to £235.S18. In order to achleve Ihe objects ol our strateglc plan, NWG wlll alm: -to conllnue to Invol young people In consunatlon around Issu83 of explollatlon -to Increase professlonal knowledge -10 Share effecllve practlc -to d8valop a de range of re80urcg8 -to woth wilh a range of law entorcement agencleg Improve raspon8e8 .tO VKJrk wlth statutory, voluntary and communSty agencies. prlvale and soclal enterprl8e companle8 to èducatè, prevant and Improvo fO8pon$as to chlld •XF4ottatlon. We WIU conllnue to malntain accurate records ol Income and expendlturg and exerclse vorOuS flnanclal managgment. W8 wlll produce Tegular Ilnane5al reports as well a8 audited annual flnanclal 8talemént8 In accordance with SORP, Charlty Comffli$ston Jnd Compan193 Houso iequlremenis. Prlnclpal Fundlng Sour¢•• Tha prfncipal lundlng sources for Iha charbty are Sot out In not• 5. Invo8lm•nt Poll¢y The Board has consldered the most appropriate pollcy foi Investing funds sublect to the ovBthdlng ieqwrem9nl ot mainlalnlng Ilquldlty of funds. For the piesent it has concluded that excess funds ara to be knvosted with th• bank and avallable for immedlate accegs.
NWG Network Company Llmii•d by Guaran Tru•te••' Annual Ilwrt {Inor•11n the Dlrootof• Raport) {¢•nNnu Y•ar •ndod 31 alarch 2024 Fln•n¢l•l r•vlow (oonllnu•él Ro•em• Polloy The Board has consld8rad th•1ovo1 of raserrfes that are requlred, and has concluded that 3 to 6 months of normal expendlture Is Ihe mlThmum thal shoukl ba iataln•d ai pwesent. Th18 level ol r088Ms wlll be revl8w8d on an annual bas18 In the fulure. Tru•t•••' reSponblIN1•8 •t•tem•nl The Irust88s, who afe also directors lor the purposes of company law. are responsible lor proparlng the trusle8s' report and Ihe Ilnanclal statemgnls In accordance wlth applicable law and Unlled Kin9dom Accounllng Standards {Unlted Klngdorn Generally Accepted Accountlng Praclice). Company law Tequke8 ¢he charfty trustea8 k) preparo Ilnanclal 8tatemenls for each year whlch glvo a Irue and lalr vi6w of the State of affaSr8 of the charllable company and Incomlng resources and application ol rosource8, Inctuthng the Income and expondltura. lor that peitod. In preparlng these Ilnanclal gtalom•nt8. the trustees am rewlrod to: select slthlo aCcO7g pollclos and then apply them conslstenlly,. obsarve the melhods and prlnclples kn tha applicable Charhtk88 SOAP; make Judgments and accounlkw 08tlmates thal aro reasonable and prudont; prepara th8 Ilnanclal 3totement8 on tho golno conrn ba818 urlesg It Is InapwokYlat• to pr8sum• that tho charlty will conlknue In bUsIne. Th8 tru$i098 are r88ponslble for ke8plng adequate accouniSng records that are suttlcl8nl to show an oxplain th• tharllls Iransactlons and d18cIos8 With reasonable accuracy al any Ilme Ihe flnanolal pogllbn ol th• charlty and enab19 them to en8ur• Ihai the financlal slalemeftls comply wllh Ihe Companies Act 2006. They are algo r?$ponslble for 8aleguardlng a¥sets ol the charity and hence foi tsklng rea8onaNe steps lor the wevonlion and detecllon ol fraud and olher irregLlarllle8. Audllor Each of the persons who Is a truste• at the date ol approval of this ryrt conflmis that: so lar as thay are awaro, there Is no relevant audit Infoimatlon of which tl* ¢harliYs audllor 18 nawafe: and they have taken all sleps that they oughl lo hava taken as a Ifustee to make ihemsefves aware of any relevant audlt Infomiallon and to establlsh that the charivs auditor Is aware of thal Informatlon. The auditor Is deemed to have been re-wolntad in awydance wllh th1On 487 of the Companies 2006,
NWG Network COMpY Urnlt•d by Guarant•• Tru•ts••' Annual Report (Incorpor1Th9 lh• Dlvoclorfs R•port) (thMllnu•dl Yoar •ndgd 31 March 2024 PAnall eompany provl•lon• Thlg report ha8 ba8n prepared In accordance with the prov18bns appllcable to companles ontithd lo the small compan196 exemptlon. The Ifustee8' annual r•port was approved 18 November 2024 and Blgned on behalf ol Ihe board of truslee8 by: rSAR08e Chair of Board ol Trugtff8
NWG Network Company Umlt•d by Gu•rnnlee Ind•pond•nl Audltorf• Roport to th• M•nOr8 ol NWQ Network Y•ar •nd•d 31 Mareh 2024 Oplnlon We have auditad the flnanclal statements ol NWG N8lwork (Ihe 'charSV) for the y8ai gnded 31 March 2024 whkh ¢ompriso ihg statement of Ilnanclal actiwties {Induding Income and exponthre account), statement of financial posilion, statement ol ca8h Ilows and Ihe related notes, Including a summary of slgnlflcant accounting policie8. The Ilnanclal roporting Irarnework Ihat has been applied In th8lr preparatlon Is applicabl8 law arNI Unlted Klngdml Accounllng Standards, Includlng FRS 102 The Financial Reportlng standard appllcable In Iha UK and RepublSc of Ireland (United Kingdom Generally Accapi8d Aceounllng Practlce). In our opknlon the flnanclal 8tat8mant8: glv8 a truo and lalr vlaw of the state of the charftys affalrs as al 31 March 2024 and af it8 incomlno r880UfC86 and appllcallon of resou88, Includlng lis Income and expendlture, for tha yaar Ihen ended; hav• boon properly prepared In accoance wth Unitod Krydom Generally Accapiad Accounllng Practlca; have been prepared In accordance wllh Iho rgrylrements ol Ihe Compani08 Act 2006. Ba•18 for oplnlon We conduGted our audlt In accordanc8 wlth Int8rnational Standards on Audltino (UK) (ISAS (UKI) and appllcable law. Our respon8lbllltle8 und8r Ih088 Standard8 are further descrlbed in Ihe audltorfs responslb11511•8 lor th8 audit of the Ilnandal 8talements socllon ot our report. Wo aro Indepgndgni of tho charity in accordan¢• wllh Ihe ethlcal f•qulrernents ihal ar• rolevanl to our audlt of the linanclal ltaioments In the UK, Includlng the FRC'S Ethlcal Standard, arKI tha prov181on8 avallable for small entities, In the drcumstance8 set out below, and we have fulllll8d our other ethlcal responsi.1]tIeS In accordart8 wlth these requlrement8, We bellev• ihat1he audl evldenc• w• have obtalnedlg Suffici•nt and apprOal6 10 piovido a bas18 lor our oplnlon. Our re8pon8lbllhy 18 lo audlt and express an oplnlon on the flnanciai statements In accordan¢• with appll¢ablg law and Inl•rnational Standard8 on Audltlffj (UK and Irelandl. Th050 Standardg requlre us to comply wlth Ihe Audltlng Praclicas Board's Elhlcal Slandard8 for Audilors, including "APB EtNcal Slandard Provisions AVaIlab for Small Enlltles (Rovi8•d>' in the clrcufflslance8 set out below: Conclud(M r•laiing to golng ¢on¢•m In auditing the financlal statemants, wè have concluded that the Irusteos, use of Ihe going concern ba818 01 accounting in Ihe weparatlon ol the flnanclal 8latemonts l¥ approwlate. Based on the work we have p8rtormgd, we have not Idenllfled any material uncertalntles relatlng kn ovfjnts or condition8 Ihal, Indlvldually or collectlvely, may casl slgnlllcanl doubt on the ChIty'S aklIty to conlin a8 a golng CDncern for a period of at Igasl Iwefve months from when the Ilnancial stalements are authorisad lor IU8. Our re5ponslblllti?6 and the responslNbt58s of the Irustees With raspect to golng concern ar8 d8scrlbgd In tho relevant sectlons Of th58 report.
NWG Network Comp•ny Llmlt•d by Gu•rant•e Inondent Audltorfa Report to thè M•mb•r• of NWQ Network f¢onttnu Y•ar endod 31 March 2024 Othw Inforni4llon The olher Information comprises the knlormation Induded In lh8 annual report, olhar than the flnanclal 8latemonts and our audltor's report thereon. The trustees are re8ponslble for Ihg Other Information. Our oplnlon on th8 flnanclal stalemenls does not cover tho olher Infomiaiion and. except to ihe extent othorwisa axpllcllly stated in our report, we do nol express any loim of assurance concluslon Ihoroon. In connecllon wlth our audt of thé financlal statements, our resporlbllity is lo read the other Informatlon and, kn doing so, conslder whethw the olhar Informatlon is matarlaiiy Incon¥lstent with the flnanclal statements or our knowledge obtalned In ihe audt or otherwlse appears to be materially ffl1s8tatgd. If klenllly such materlal knconsislencle8 or apparent material mlsstalement$. we aro requlred to determine whether thre 18 a materlal mis8tatament In the linandal S8m0nts or a materlal rnlsstatemant of the other Informalion. 11, based on the work w• have performed. we concludg Ihat there Is a material ml8$lalemént ol thls other Informallon, are raquorad to report thal fath. We have nothing to report In th18 f898fd. Oplnlon• on oth•r matt•r• prIb•d by the Comp•nlM Aol 2006 In our oplnlon, based on Ihe WO undertakon in the cour90 of the audil: the Informallon glven in Ihe tru8t888' report lor the flnanclal year for whlch the financlal slatements are wepared Is conslsienl wlth tha Ilnanclal 8tatemènt8; and the trustee8' r•port ha8 been piopared In accordanca wllh aFpllcable legal rgqulraments. Matl•r• on whlch w• w• rnqulr•d to r•port by •XC•Pllon In the Ilghl of th8 knowledge and under8landing of tha charlty arKI its •nvlronment obtalned In tho ¢our$• of Iho audit, w• have rnt 1denl1ll matarlal ml8siatemanls In the trustees, roport. We have nolhing lo ieport In respect of the tollowlng matter8 In relatlon to whkh Ihe Companles Aci 2006 roquires us to reporf to you if, in oui oplnlon: adequalo accounilng records have nol been kepl, or relum8 adewate lor our audll have r¥)1 been recelved Irorn branche8 not vt81tfjd by us; or the linan¢Fal statements are not In agreament th the accounling records and rglurns; certaln dlgclosuros of trustees, remuneratlon speclfled by law are nol made: or wo have nol iecelved all tha Infomi1 and explanaiion¥ we requlr8 for our aud. or Iha truslees were not enlllled to prepare the financlal stataments In accordance with th8 small companle8 regime and lake advantag8 of Ihe sThall companies. ex8mpllon$ in preparing the dlrectors. report and from Ihe requlrement to prepare a slraieglc report.
NWG Network Company Urnlt•d by Guarnnt•• Independont Audiior'• R•port to lh• M•mb•r• of NWG Neiwork (Mneiftwd) Y•ar and•d 31 March 2024 An$1b11llknI ot trust• As explaln8d rn0 lully In the Irustee$' responslbHltfes statement, the trustees (who ar8 also the clrector8 for tha puwe8 of company law) ar9 responslble lor the prepawats'on of Ihe flnandal statem9nl$ and for belng s116d Ihat Ihey give a tru• arKJ lair view, and for such kntemal control as tru8taa8 d9teffliing Is necossary to 8[ble the prepalon of financial 81alements that free from rnalarlal misstaioment, whother due lo fraud oi error. In proparino the Ilnanclal 8tatomenls, Ihe truslees are resp$>19 lor assesslng ihe charlvg abllty 10 continu• as a golng concem. dlscloslng. as applloabkn. matt•rs related to golng concern and u8lng the golno concern basis ol accountlng unla86 the trustees elther Interrd to Ilquldale the Chlty or to cease operatlon8, or have no reallsiic alternative but to do 80. -10-
NWG Network Conw•ny Llffllt•d by Guarnnl•• Independenl Audltorf• Report to lh• Meml)w• ol NWG Nolwork lealInU•t) Y•ar •nded 31 Mar¢h 2024 Audllor'• fo•pon$lbllltl•g for th• •udll ol the fln•n¢lal gtat•menlJ Ouf objectlves ar9 to oblain reasonable assurarKe about helher the Ilnanclal slalements as a whole are Iree Irom material mlsstatement, whelher due to fraud or error, and to issue an auditor's report Ihat Includes our oplnlon. Reasonable assurance is a hlgh 18vel of a88uranc8. but Is not a guarantee Ihat an audit corKluctod In accordanco wllh ISA5 (UK) wlll always d8t8Ct a materfal mlsstat8rnent when bl exlsts. Mlsstaternents can ar1s8 Irom fraud or err and we consEdered materlal If, Indlvldually or In tho agoreaate, they could reasonably be expectad to Influence th8 aconomlc d8cision8 ol users taken on the basls of Ihese flnanclal 81at8ments. liregularltle8, InCIlIng fraud, are In8tanco8 ol non-complianog wlth law8 and reoulalloni. We deslgn procedure8 In Ilne wlth our re8pons1bi1les. outlined abovo, lo dolect mat8rlal ml8Btalements in respect Irr8gulaYltl88, Includlng fraud. The èxlént to whlch Ouf pffjcar0$ aro capable of dgtecling lff8gularllle$. Includlng Iraud 18 deialled b910w: Idenlltylng and assessing potgntlal rlsk8 relaled to Irregularllle3 In Identlfwng and 8ss8sslng rlsks ol matailal mi88tat8meN In re8pecl ol irr•gu18rltle8, In¢dIng fraud and non-comp11an with laws and régulaiions, w• con•Kl•i•d tho lolowlng: the natura of the Sndu8try and sector. coni¢oI envlronment and bu8lness perfomiance; résuSt8 of aur enqulrlos of managemenL about thelr own klenllll¢allon and assessmenl of the risks of Irregularllles; any matters we Identlfiod havlry made •wulrfes about tha documenlallon of thelr poNcl8s and procadures relatlng to.. identllylng, evaluatlng and Complying wlth law8 and regulatlons and vthether thoy were awar• of any inslanceg of non¢ompllance; delKtlng and r8spondlng to Iho rr8k8 of fraud and whether Ihey have knowledge of any actual, suspected or allegéd IraLKI: the Internal controls establlshed to mStKiate rlsks ol liaud or non.compliance lth laws and rogulallon8', the matters dlsGussed among the audit engagement team regarding how and where Iraud might occur In the financlal Siatemenis and any PDieNial IndScator$ of fraud. A8 a resuh of these pro¢edur6s. we con81dered th8 OPPOrturltles and incenllves that may exlst wllhln Ihe organlsallon for fraud and Identified the great8St potenllal for fraud in relatlon to income recogrdtlon, banklThJ procedures and 8egregatlon ol ¢Jutlos. In common wlth all audltg under ISAS (UK), we are al60 raqulred lo perform 8peclflc procedur88 to re8p(Jnd lo Ihe rfsk ol management overrldg, W8 also obtained an undorstanding of lh8 legal and regulatory framework$ that the company op8rates in. locuslng on provisions ol Iho8e laws and regulallons that had a dlrect effect on the delermlnation of matertal amounts and dlsclosures In Ihg linancial slatements, The key laws and rogulallons w8 considered In this contexl Includgd thg UK Cornpanies Acl. UK Corporate Governance Coda and local tax legi¥lalion. In adlthtion, we consldered provlslons of olher laws and regulations that do nol have a dlrect elfect on lh8 fIrW[al slatements but compllance with whlch may be fundamental to the companys ablllty lo operate or to avoid a mater1 ponalty. Audbt r•gpon80 lo rl8k• Identitled 11
NWG Network Cornpany Llrnllod by Guarant•• Ind•p•nd•nt Audltor'l ROPOrt to Ihg M•mber8 of IIWG Notwork (eonrfnu•OJ Y•ar •nd•d 31 Mareh 2024 AS a r88uII of porformlng the above, Identllled incom8 recognltlon, managemenl overrfda of eontroL8 aTrJ relaled paty transactions as key audlt matters relal8d to the potantial risk of fraud. In order lo mbtlgaie the rlsk Idantllled, enqulrles wére rnade of key management perBonnel a$ to Ihe processes surrourKllng the recordlng ol Iransactron8 arKI r8cognition ol Income, Indudlng agr88ment lo remittan¢g advkes and grant agreements. Th& axlstence of related partrag was about wlth key managemont parsonnel and throughout the audlt and rovlew ol the accounls las well as the tran8actions Included Ihefeln) It was ensurod Ihal there were no dl8closable Items or transacllons whlch had nol begn conducted at arms 10Tr3th. In addresslng the rl8k ol fraud Ihrough managgment oveNtd8 ol conlrols, our pmc8dure8 Included revlewjng and tesllng the appropfialeness ol journal èntrles and olh8r adjuslments., as88s8lng whether the Judgements mad& In maklng accountlng esllmates Indicalive of a polenllal blas: and evaluating the buslness rallonale ot any slgnlflcant transaclion8 Ihat are unusual or outslde Ihe normal course ol ISIneSs. Duo ID Ihg mlnlmal number of tranSacon$ Ihroughoul tho finan¢lal yoar It was clear Ihat Iherg had been no management Ovgffldg of crjnlrols and that each transaclion had been correctly and properly reGorded as appropriato. W• also communlcated rglevant Identllled laws and regulation8 and potentlal fraud rlsks to all engag•m•nt team members arKI r8malned alert to any Indlcatlons of fraud or noncomplianco wlth law8 and ragulallons Ihroughoul the audil. AS part of an audlt In accordance w51h ISAS (UK), we exwclse prole881onal Judgmant and malnlaln wofossional 8ceptlcl8m throughout the alIt. We al80'. Identlfy and a86es8 th8 risks ol malorfal mli8taiement of the flnanclal 81alem•nt8, %tsther dua to Iraud or error. deslgn and perfom aLxlil procedures re8pon8lve to tho8e rl8ks, and obtain audll ovklence that18 8ufflclent and approprlala to provlde a ba818 for our oplnlon. Tha rlsk ol not deteciing a mat•rlal ml8Statamont resulllng from fraud18 Ngher than for one resultlng Irom error, a8 Ifaud rnay control. colluslon, lorggry, Inlenllonal omls8lons, misr•prègantatlDns, or Ihe overrld• ol nternal ¢J)tsin an derStandIng of Inlemal control relevant to the audit In order to d881gn audR procedures that ar• woprlato In the clicumstarK88, 1)ut not lor th• wrpo8e ol exprasslng an oplnk)n on Iho off•ctlv•n0s3 of Iho Internal control. Evaluale the approprSatgne88 of accounting polici08 used and the rea8onatAen•$8 ol accounllng aslimates and rgl&ted dlsclosures made by lh• irustms. Conclude on Ihe approprlalene88 of tho Ints1888' U¥0 ot the golng concern basis of accounllng and, bas8d on the audlt ovldenc8 obtalned, whather a material uncertalnty exlsts related to events or condltlon8 that may cast Slgnlficant doubl on Iho charills ablllty to continue as a golng concern. It we eonclud8 thal a malerfal uncertalnty exlsts, we required to draw attentlon In our auditor's report to the relalgd disclosures in ihe linanclal slatements or. If such disclDsure$ are Inadequate. lo modlly our oplnlon. Our concluslons are based on the audlt evldence obtalned up to the date of our audftor's report. However, lulure ovents or condltlons may cause the charty to ceas8 to continuo a5 a galng concem. Evaluale Ihe overall presenlatlon, sIruur8 and cthnt of the financial gtalements, Includlng the dlsdosures, and whether Iho flnanclal staioments represent Ihe underfy1ng transaction8 and evems In a mannor that achlgvgs falr presentatlon. 12.
NWG Network Company Llrnll•d by Guar•nt•• Indopondml Audllor'g Roport lo th• M•mb•rn ol NWG Network (¢onllnu•¢l) Y•ar •nded 31 March 2024 We cornmunlcat8 wSlh Ihose charaed wllh gov•rnance regardlng, among other matters, the planned scop8 and Ilmlfw of the audll and signlllcant audil lirKlin9s, includlng any slgnificant dellGlencle6 in Intarnal control Ihat we Idenllfy durlng our audlt. Uw ol our r•port Thls report18 fflade 8ol¢ly to the Gharlvs members, as a body, In accordance wlth Chapter 3 of Part 16 01 the Companies Act 2006. Our aLKJIt work ha8 been undortaken so Ihat we miohl stale to the charlvs membws those mattors wa are requlrgd to stalo to Ihem In an auditor's report and lor no other purposa. To the fullgst oxt•nt permltted by law, wa do nol accept or assume responslbllity to anyone other than the charlty and the charlly's members as a body, lor our audit work, for thls report, or for the oplnlons we havo formed. Stephen Allen ACA FCCA (Senlor Statutory AudIt> For and on behalf ol Allen, Wesl and Foster Llmlt8d Chartared Accountants & 81atulory audltor Omega Court 384.366 Cemetery Fload Sheffleld S118FT 18 November 2024 13-
NWG Network Compfty Llmlt•d by Gu•rant•• siaiom•nt of Flnanclal Acllvlll•• (Inoludlng Incom• and expondiur• account) Y•ar •nd•d 31 March 2024 20ZJ Unrostricled funds Restrrcted lund$ Totsi fund• Total lunds Nol• Incomlng r•8ourc•i Volunthry Incomé Investmenl Income 100.480 7,276 107,756 823,186 923,666 7,276 930,941 857,335 2,220 859,555 Total Inwn• 823,186 xp•ndllUM Exp8n(th'ture on ralslng lund8." Costs of gengratlng voluntary kKomo Expornllre on charltable acllvltle8 Total •xp•ndltur• 9.698 118,085 127,783 72,724 762.500 835,224 82,421 800,585 963,006 20,781 831,646 852,427 N•1 (•xp•ndlturn)nneom• ind n•t mov•m•nt In lund• (20,0271 (12,0381 (32,065) 7,128 R•oonclllallon of lund• Totsi iunds brought fornyard Tolal lund• carrled loThvard 255,545 235,518 135,560 123,512 391096 369,030 388,967 391,095 Tho 8taiemenl of Ilnanclal actlvltle8 Includes all galns and108888 r•cogn18ed In the year. All income and 8xpendllure dgrivg from contlnulrvJ act1•8. Th• n•1 on 17 to 25 form part of Ih•g• Ilnanel•l st•t•m•nts. 14-
NWG Network Company Llmltod by Gu•Mnt•e Slatsm•nt of Flnanclal Po8lllon 31 IAarch 2024 2024 2023 Flxed ae801• Tanglble lixed assats 1.648 2,197 Curronl 4$•* Debtois Cash al bank and in hand 84,933 351,856 416,789 29,Q18 391,350 CMdltOf•: arnount• lalllng du• wlthln on• y•ar N•t CUfr•M ••MI• 17 59.407 31,470 857,382 359,030 359,030 Toial al18 l••• curr•nt Ilabllltl•• 391,095 391,095 Fund• ot th• charlty Restrlcled funds Unrestrklod funds 123,512 235,518 359.030 135,550 2S5,545 391,095 Tol•l oh•rlty lund• 19 These financlal st&t6mants have boen prqpared in accordarth wlth the provlglons appllcable to companles sublect lo the 8mall companles, reglme. Th888 Ilnanclal 8talem•n18 wero appToved by the board of Irusloe8 and aulhorlsed for 18¥ue On 18 Novernbar 2024, and aro Blgned on bohall of the board ty. k firy," Karen Flanagan Treasurer Company registration number; 06557851 Th• not•• on pag•8 17 to 25 form p•rt ol th•M Ilnanclal •lalem•nl•. -15-
NWG Network Company Llmlted by Guarant•• St•t•m•nt of Ca•h Flowi Year •nd•d 31 March 2024 2023 Cash Ilow8 from oporallng actfvltl•• Net (expendltUfg)Ilncomg (32,065) 7,128 Atyslmants lor.. Dopiocialion of tanglbl8 flxed a$8ets Other Interest receiva8 and simllar Income Inleresi payable and 8lmllar chargè$ Accrued income (7,276) (2,220) 786 (64,120) Changes In.. Trade and oth8r d8btors Trad8 and other ¢reditor8 (35.915) 15,691 Cash generated from operatlons (4S06n (32,664) Int•re8t paid Intere81 recelved (803) 7376 (N494) 1786) 2,220 {31,230) Nel ca8h used In operatlng aGllvlllo5 NOI d•cr•a•• In ¢a•h c••h •qulval•n Ca•h and M•h •qulvahnl• 01 b8glrMlng of y••r Cash and oa•h •quIVani1 •nd ol y••r (39,494) 391,350 351,856 (31,230) 422,580 391,350 Tho nol•8 on pagm 17 to 25 form part ol th••• Iln•ncl•l 8latement8. 16-
NWG Network Comwy LIMIt by Gu•r•nt•• Not•• to lh• Flnanclal Statemen1• Y•ar •nd•d 31 Mareh 2024 G•n•ral Infomiatlon Tha charhty Is a publlc beneflt entity and a prlvate company Ilmlted by guarantee, reglstered In England and Wales and a regi$1gr9d charlty In England and Wales. The address of the reoistgrod offlca Is Sulte 1 Innovation Housa. Ea8t SeNlce Road. Rayn88way. D8rby. DE217BF. Stat•rn•nl of compllanc• These linancial slatem8nts have beon preparad kn compllance wlth FRS 102, The Flnanclal R6portlna Standard applicable in the UK and Ihe Républlc of lieland,, the Stalement of Recornmonded Practlce appllcable io charllles preparSng theli accoun1¥ In accordance wlth the FlnancSal Reporting Standard applicablo In th• UK and Rapubllc of Iraland IFRS 102) (Char611es SORP IFRS 102)) and the Companr•s Act 2008. A¢¢ountlng poll¢l•• BMI• ol Pr•ratIOn The linanclal 8taiem•nl$ comply wlth th• Charhl•• A¢t 2011, tho Companlo$ Aei 2006, the Memorandum and Artlc104 of Associalion and A¢countlng and Reporting by Charidgs: Slatament of Recommended Practka applicable to charltlos preparlno their accounts In accordance wllh the Flnanclal Reportlng Standard aPpIable in the UK and RepblIC of Ireland {FRS1021 {8ffecllve 1 January2015). Qolng Mnc•m There are no materlal uncertalntles about charllY8 abllty to continue a8 a golng concern. Tho chaiity ha6 8ufflclent reserves and cash lund8. Judg•m•nt• Ojnd k•y Jour* ol lImatIOn unc•rtalnty The Preparatlon ol the Ilnanclal stalernent8 r8qulre8 management to make judgement6, estlmates and assumptlons Ihat affect Ihe amounls reported. These astlmates and ludgemenl8 are conllnually revl8wed and ar8 based on experlence and Oihw lactorg, Includlng expeciaiions ol lulure events that are belleved lo be reasonable under the clrcum81anc•s. Fund accounllng Unreslrlcted funds arè avallablo for use at th8 tl8cratlon ol ihe trustee8 in lurthoranc• of thè purposes of the charlty. Deslgnaled fundg ar8 unro8tricted lunds earmarked by the trustee8 for speclflc purposes. Restdcled tunds ar8 Èubl8cl8d lo re8trlctions on thelr expendlture Imposed by the donor. 17-
NWG Network Company Llmlted by Guirnnl Nol•• io lh• Fln•ncl•l Stal•m•nl• (Mnllnu•d) Y•ar •nd•d 31 Mor¢h 2024 luountlng pollel•s (¢Onllnii•dJ Incomlng re8ourcèA All Incom8 is included In Iho 81atemenl of Ilnanclal actlvltles wh8n thè Charity 18 entilled to the Incame, any performance T8lal8d condltlons atlached have been met or are lully wlthln the control of tha charltYF the income Is con8idergd probable and the amount can be quantifiad wilh reasonable accuracy. The lollowlno 8pecllic polkies aro appll8d to partlcular categorles of Income: Donation8 and legacy Income Is focglvod by way of ¢A)nallon8, leoacles, gran18 and and 18 Included In lull in Ihe Statfjmgnt of Financial Athllle6 when recelvable. Wher6 legaGle8 have Ixen nollll8d to the charlty but the crlt8rla lor Income Tecognlllon have not been met, tho lagacy is treaied as a ntingent asset and dlsclosed if materlal. Grants, where entlllemfrnt is not condilional on the dellvery ol a 8peclllc perlorman¢e by the charlty, are re¢ognlsed when Ihe charity becom0¥ uncondltkjnally entltted to the grani. D¢)nat•d 8eNice8 and laGilitlg8 are included al Ihe value to Ihe charfty. being tho amounl tho charity would have been wllllng to pay to obt8tr* servkes or lacillties of equtvalent economlc b8naflt on the open market. Invostmant Income Is Included whon iecelvable. Incom8 from charftabl8 iradlng acllvltylg accounted fLY when eamed. Income from granls, where related to performance and sp8clllc d8llvarable8, are accounled lor as tha charlly earns th• rlghi to ¢on$ld•rath)n by It8 P8rfomiance. RMour¢•• •xp•nd•d Exp8nditura is recogn18ed on an accruals bas15 a8 a Ilablllty18 Incurred. Expandllurg includes any VAT whlch cannot bo lully racovorad, and is reported as part ol the exp8ndllura to which It relate8: Cosis of raislng lunds comwl88 the costs a880clated wlth attractlng donallons, grants and18gacles and the costs of Iradlng lor lundralslng pufj)oso8. Charltable axpandfture comprlses tr$0 cosis incurred by the charlty In the dellvery ol 118 activilios and servlc8s for tts benallciarle8. It includ85 both eostg thai can be allocaled dlwiiy io such activllios and those costs of an Indlrect nalure necessary to 8UPPOrt Ihem. Oth•r exwndilur• Includes all •xpondilur• thai h nelther rolated to raising funds for th• eharfty rr part of fts expendlluro on charltable tIvItIeS. All costs are allooaled belween the expeNllture calegofles ol lh• SOFA on a basls designed to rellect the use of Ihe resource. Cosls relating to a partlcular actlvlty aro allocaled diredly, others are apportioned on an appropriale basis, as set out in Ihe notes to Ihe accoun18. 18-
NWG Network Company Llmlt•d by Guomntee Noi•J io th• FlnAnelal Statom•nl• fconttftu Y•ar ondod 21 Mareh 2024 Accountlng pollcle8 (oonlthu•dl Tanglble •#•gt• All fixed assels are 1n1tial recorded at CO8L Ttr charllablB cornpllny recolvad lundlng in tho pa81 which had boen spent on cartain fixad as88ts, malnly office furniture and computér aqulpment arKI these ftems had bgen traated as ravenue rather than capllal al the Ilme, Accordingly Iho89 se1$ do not appear on the charitable compan*8 balance sheet. D•pr•elitlon DepreclalSon15 calculated so as to Mlte off tho cost or valuatlon at an assel, less Its 18sldual value, over the u8eful aconomic lrfe ol that a8sel a8 tollow8: Molof VeNcle8 25% balance Fln•Trcl•l InJlruni•nl• A flnanclal a88el or a flnanclal liabilty is reco9nlsed only when Iho ontlly become8 a party to th• contractual prov181on8 01 Ihe In8trum8nt. 8aslc flnanclal Inslruments are inilially recognId al the amount rec8ivable or payablg Includlng any related tran8action costs, unless the arranpmenl constllute8 a Ilnan¢lng Iransaction. where 11 is recogn18ed at the pre80nt value of the luture paym6rn1s d18counted at a market ralo 01 Interest tor d 8lmllar dabl in61rumgnt. D•tln•d conlrlbuiion plin• Conlrlbutlons to dalined contrlbution plans are recogn188d a8 an expense In the perlod In whlch the related ser¥ice is provklod. Prepald contrlbutlons are recognls8d a6 an asset to the extonl Ihai tho prepayment wlll lead lo a r8ducllon In lulure payments or a cash r8fund. When contrlbutlons are nol expected lo b8 80ttled wholly within 12 months ol the end of ihe roportlng dal• in which the employees render the related 88rrfice, lh8 Ilablllty Is measured on a dlscountod present value basls. Tho unwindlng of the dlscount is recognisgd a8 an expense In the perk)d In Ich It arlses. Llmlt•d by guar•nle• Every member of Ihe Company undertake8 to contrlbute such an amount a8 may be requlred, but not exceeding £1. 10 thé CompanV8 assels If It should bo wound up whlle helshe Is a member, or wllhln one year after helshe ceases to be a member of Ihe Company, for paymènt ol the Companys debls and liabillties Gonlracted b&for6 helshe ceases to be a mamber and of the co818, Gharges and expon5es of th8 winding up and lor the adlustment of the rlghts ol tho contrlbutorles among themselves. .19-
NWG Network Company Llmllod by Gu•r•nt•• Nots• to lh• Fln•nclal Statements (¢Onllmr•dJ Y•Ar •nd•d 31 Morch 2024 Volunlary Income Unrg¥trlcted Funds Restrlcted Totsl Fund8 Funds 2024 Don•iion• Donatlons 744 743 Grnnli Grant8 823,186 823,186 Oth•r donatlon• and legacl Membershlp fees Conlèrence and semlnar recelp18 Consullancy leos Awareness literatur• Comrnljslongd work 24,054 3.233 37,381 24,654 9,233 37,381 34,488 100.480 823,186 923,665 Unre8trlcted Restricted Tthal Funds Funds Funds 2023 Don•tlon• Donallon$ 1,433 Grant• Grant8 776,284 776264 Olh•r donotlons and1oq•GI Memborshlp fees Conler8nc8 arKI Gèmlnar receip18 Consultancy t808 Awareness Ilterature Commlssloned vnrk 22,086 22,088 38,722 38.722 18,800 81,071 18,800 857.335 776,264 InvMlm•nl Incorn• Unrestricted Tothl Fund• Unrestrlcted Total Fund8 Fund8 2024 Fund3 2023 UK bank Int8r•8t r8ceSvable 7,276 2,220 2,220 Co•ls of q•nerJllng voluntary Incom• Unrestricted Funds Flestricted Tolal Fund• Funds 2024
Costs of gonoraling voluntary incom8 9,698 72,724 82,421 -20-
NWG Network Company Llfflll•d by Guarantee Nole• to th• Flnanclal Stat•manl• (conllnu•dJ Year •nd•d 31 M•r¢h 2024 Co•t• of gon•rnllng voluntary Ineom• In11n•d) Unr88lrielad Fund$ Restrlcted Total Funds FurKIs 2023 Costs of gènarating VolUary Income 20,781 20,781 & Exp•ndlluM on chirltoblo aollvlllm by lund typo Unrgstrlcled Restricted Total Fund8 Fund8 Funds 2024 Charltable acllvltleB Support costs 86,511 31,574 118,08S 655.623 106.877 762,500 742,134 138.451 860,585 Unr88lrlcl8d Fund6 Restricted Total Funds Funds 2023 Charltablg acllvltles Support co818 30,133 58,282 88,415 643,953 99,278 743,231 674,086 157,560 831.646 Eyndllur• on charftabl• AcllvltlM by xtlvliy iyP• Acllvhle3 undertaken dliectly Support costs Tol•l funds 2024 Total lund 2023 Charltable actlvltles GovornanGe Gosts 742,134 130,439 8,012 138,451 872,673 8,012 880,585 823,528 8,118 742,134 831,648 10. And118 ot 8UPPQrt co•1• Analy51s ol 8upport costs Total 2024 Total 2023 Premises Flnance costs 137,840 7,514 137,640 7,514 145.154 149.442 8,117 145,154 157,559 21-
NWG Network Company Llmlted by Gu•r•nt Noles to th• FlnAncl•l 8l•lem•nl• (eonllnuod) Yoar anded 31 March 2024 11. N•t (•xp•ndltur•ylncomo Net (experKliture)lincome16 staled after charglngl{wodStino): 2024 2023 Dopreclatlon ol tanglblg flxod a8sels 549 732 12. Audltor8 r•munwatlon 2024 2023 Fees payable for th? audlt of th8 flnanclal stal6ment3 8,600 13. $1•ll ¢o•l• The total 8taff co818 and amployee beneflti for th• reportlng poflod ar8 analy8ed a$ follows: 2Q24 2023 Wages and salaries Soclal 8ecuflty CO818 Employer contributlon8 to penslon plans Olher employee benefi18 592,883 07,555 14,355 53T,837 52,672 12,787 4,500 607,796 664.793 The average h8ad count ot omploye•s durlng Ihe year was 17 (2023: 141. Thg avorage number of full-time oquivalenl gmployeg8 durin9 the yea118 anatysed a8 lollows; 2024 No. 2023 Number of 8taft In all departmanl8 17 14 Tho number of employees whose r•munerallon for the year fell wllhln Ihe tollowlng bands, wer¢.. 2024 2023 £60,000 to £69,999 14. Trust•• r•mun•rallon and exponM• No remuneratlon or olhor benelils from employmem wtth the charlty or a related entlty w8r8 r8c8iv8d by the trustees. .22-
NWG Network Company Llmll•d by Gulranl Note8 to th• Flnan¢l•l Stst•fflontA (contlnuad) Y•ar •nd•d 31 March 2024 1& T•nglbh fIX awts Motor vehlcles Total Cost At 1 Apr 2023 and 31 Mar 2024 D•pr•clallon At 1 Apr 2023 Charge for the year Al 31 Mar 2024 10,098 10.098 7,901 549 7,901 8,450 8.450 Carrylng •rnounl At 31 M•r 2024 Al 31 Mar 2023 1,648 2,197 1,648 2.197 1& D•blor8 2024 2023 Tiade debtars Prepaym8nt8 and Accrued Income Other debtors 15.192 49,741 64.933 10,538 9,042 29,018 17. er•dltoM: •mount• lilllng du• wllhln on• y•ar 2023 Trade creditois Accruals and deferred Income Olher creditors 49,057 6,600 3,750 59.407 17.323 8.600 7,547 31,470 18. P•n¥lon• and oth•r po•t rgllrom•nt b•n•flts Dolln conlrlbutlon plan• The arnounl recognised in income or expgndlturo as an expense In relatlon lo dolined Contrlbulion plans was £14,355 {2023'. £12,787). -2J-
NWG Network Company Umll•d by Guarant Noleg to the Flnanclal Slotemenls {canllnu•dJ Year endod 31 Mareh 2024 19. AnaWl• of ¢harltabl• fund• Unre8lrlcted lund# At Income Expenditure 31 Mar 2024 At 1 Aw 2023 Goneral lund8 255,545 107,756 1127.783) 235,518 Al Income Expendllure 31 Mar 2023 At 1 Apr 2022 General funds 260,669 83,291 188,415) 255,545 A•Il¢tod fund• Al Income Expendlture 31 2024 At 1 Apr 2023 Resources Project Sport¥ England Esmee Falrbalm Samworth Natlonal Lottery Sport8 England - SCIMA Portlcus 115,000 200,000 98,200 75,000 157,081 118,116 81,789 823,186 (112,384) (200,000) (108,500) {75,000) 1158,686) 1118,116) 166,536) 1835,224) 2.616 10,300 37,500 37,500 393 87.750 83m3 123,512 135.550 At Income Expenditure 31 Mar 2023 At 1 Aw 2022 Resource8 Project Sports England Esmee Fairbalrn Samworth Natlonal Lott•ry Sports England- SCIMA Portlcus 100,000 202,SOO 113.350 75,000 152.106 91,119 142,189 776,264 1302,500) 1102,050) (37.500) 1175,404) (91.119) (54,439) (764,012) 10,300 37,500 23,298 87, 750 135,550 123,298 -24-
NWG Network Company Llffllt•d by Gu•r•nl•• Nol•8 to Ihe Fln•ncl•l Statom•nts (eonNnu Y•ar •nd•d 31 M•reh 2024 19. Analy•l• ol ch•rii•bl• lund• (¢ondnwd) Rmtrlctod Fund• Sp(Jrt England . to 8UPPOrt sports Infrastructur• provtd•r8 and F¥aclltloners io Improve their capadty 10 8aleguard young people. Esme8 Faiibairn Foundalion supwxts the wjst ol ihe new Chief Op•raiin9 Offlcer (COO). Impl•m•nlafjon ol a 5 year plan and gTh¥th of our establlshed network, Samworth - 8uriJort to strengthen our Infrastnicluie and Imwovo our 8uslalnablllty. Nalknnal Lott•ry . trj BUPPOrt tad(Ilng chmd 88xual explc41atlon Covkl 19 and beyond. Porticug .10 Support tranBlormlng 8aleguardlrvJ cultur• wilhin falth.ba8ed communlttes. 20. AMly•l8 ol n•1 ••ut• b•lwMn fund• Unrestricted Funds Re8trlcled Total Fund• Funds Tang*)le flxed a88018 Curmi a88eli 1,648 233,870 235,518 123,512 123,512 359,030 untrICted Fundg Restrlcted Tolal Funds Funds 2023 Tangfole flxed a88el8 Current assels 2.197 133,353 135,550 2,197 388,898 891,095 255,54S 2SS,545 21. An•lyJlg ot¢h•ng•• In d• Al Al 1 Apr 2023 Cash Ilows 31 M4r 2024 Cash at bank and In hand 391,350 (39,494> 351WO 22. R•lat•d rtI•l Duflng lh8 year und8r revlew. the charlty pald £3,683 (2023 - £6,240) to KC Jones {Conlerence and Evenlsl Limitod who are event organlsers Usgd by NWG Network. Robocca Cadman-Jones. one of the trustee8, Is a dlrector of KC Jongs. Reb9¢ca ¢adManone$ r881gned as a trustse in December 2023. The purchasos were on nornial commerdal tsrm8. The balance outstandlng due lo KC Jon8s at 31st March 2023 was £NII (2022 - £NII).
NWG Network Comyny Lln4t•d by Gu•r•nl•• Man•g•m•nl Inlommtlon Yow •nd•d 31 Ilareh 2024 Th• lolowkng p•go• do not lomi of th• Iln•nelal •l•t•m•nt•.
NWG Network Compwry Umlt•d by arnnI•• D•lall•d Slat•m•ni ol Flnanclal Athlvltl•• Y••r •nd•d 31 Il•reh 2024 2tr24 2023 In¢oMlng rn•oure•8 Volunthry Incom• Donaibns 743 823,188 24,654 22,086 MembernNp f809 Conlerence arKI 8emlnar recelpts Consultaw 1008 Awareness IeratUre Commissioned 38,722 18,800 Inv••lm•nl Incom• UK bank Intere8t fecdvab 2,220 Toi•l kn¢on 9x941 859,555
NWG Network Cornpony Lln4ted by Gu•r•nl•e Delalled $10twn•nl ot Flnanclal Acllvltles (Mnllmmd) Year •nd•d 91 March 2024 2024 2023 Expendltur• Cos1• ol g•neratlng voluntary Incom• Seminar cosls Cosi ot resources 3.659 78,762 62.421 20,781 20,781 Expendlluro on ehafltabh acllvlll•• Wagès arKJ salaries Emptoygr's NIC Penslon costs Olher post-retiremenl benelits Roni Aep8lr8 and malntenance Insurance Other molorhravel Go¥1$ Legal and profasslonal fees 592083 57,555 14,355 537,837 52,672 12,787 4,5tXI 34,080 ii,ioi 7,113 7,387 60.981 34,1)80 18,045 7,928 8,581 65.016 E il TgleFthone Olher offlce costs Depreolallon Other Interast payable and similar charges Sundrle6 Promotlon and communl¢atlon8 Tralnlng cos18 IT support and web dev91opment Evalu8llon 3,878 1,085 1,947 549 10,3n 9,787 9,876 4,522 3,652 12,193 44,816 47,205 8,01)0 23.000 880,585 831,646 Total •xp•ndltur• 963.006 852,427 N•1 (axp•ndltureVlncom• (32,065) 7,128 -28-
NWG Network Company Umlt•d by Guaranleo Not•• lo th• Dolall•d si•i•m•nt of FIn111 Actlvllle8 Y•ar •ndod 31 March 2024 2024 Costs of gtrner•tlng voluntary In¢om• Semlnar costs Cost of resourcej 3,659 70,762 82,421 20,781 20,781 Cost• ol generatlng voluntary Incom• 82.421 20,781 Expondltur• on charltabl• aotlvlll•• Ch•rRabl• •ctlvlll•s Acllvltle• undertaken dlrnctly Wag86 Employefs NIC Penslon costs Recrultm9nt 9xpense8 Motor and travel oxpen8e8 Legal support Olher offlce costs Promotlon and communlcatlons 592,883 57,S55 14,355 537.837 52.672 12.787 4,500 7,387 54,381 8.581 58,356 828 9,576 742,134 4,522 674,086 Support CO919 Rent, ral83 and wat8r Equlpmeni c08t8 Insurance Telephone Postage and 8tatlonery Sundrles Tralnlng cost$ IT support and wob developrngnl Evaluatlon 34,080 16.045 7,928 4,428 1,119 10,373 3,652 44,816 34,080 iy,ioi 7,113 3.878 1,085 9,787 12,193 47,205 23,000 149,442 130039 Govern•n¢• co818 Audll lees Depraciatlon Other finance costs 6,660 549 803 6.600 786 8,012 8,118 Exp•ndlture on charltable •¢ilvltl eeo,58 831.646 .29-