COMPANY REGISTrATION NUMBER: 06557851 CHARITY REGISTRATION NUMBER: 1125632 NWG Network Company Limited by Guarantee Financial Statements 31 March 2025 ALLEN. WEST AND FOSTER LIMITED Chartered Accountants & statutory audltor Omega Co 364-366 Sheffield S11 8Fr mthery Road NWG Network Company Umlted by Guaranlee Tru8tees' Annual Report (Incorporatlng the Directorfs Report) Year ended 31 March 2025 Th8 trust88s. who are also the dlre¢tors tor th8 purposes of company law, present theSr raport and th8 financial stat8ments of the charity for the year ￿ded 31 March 2025. Roference and administratlve delalls Regl8t8red charlty name NWG Network Charlty reglstratlon number 1125632 Company reglstrallon numbor 06557851 Prlnclpal offlce and regl$lered 364- 366 Cemetery Road offlce Sheffield S118FT Tho Irugle SARo88 N Jones K Woodward G Palmer MBE K Flanagan A KenyDn D Newlon (Appolnt8d 22 January 2025) (Appointed 30 Ppril 2025) Audllor Allen, West and Foster Limited Chartered Accountants & statutory auditor Omega Court 364.366 Cemetery Road Shetllekj S118Fr Strnclurn. govemarui and management Governlng document4 NWG Is constituted as a company limiled by guarantee, lncorKM)ral￿ on 7th A￿11 21J)8. The work of the charty is oovemed by th8 Memorandum and Artic188 of A6soclatlon whlch wwe updated in Awil 2015. Rocrullmonl and appolntment ol now tnis A director (who also serves as a truste8 arnj management group member) must bè aged 18 years or older. Dlrettors are appointed at the knnual Goneral Meeting or by tho other director8. Tho Artlcles of Associalk>n contain5 the nomal explanatlon of the duties Involved. At each Annual G8nerai Moeting. one third of the dlreclors. or. If their number is not 3 or a multlple of 3. the number nearest to one third, musl retire from office by rotatlon. Retiring directors can stand for reappointrnent again il they wish to (h) so. However a trustee can only stand for 3 consecutive tems. Should they wish to relum they can stand for reappointmerrt after a 12 month period. Potential directors could b9 Identlfled by personal recommendatlon. or by adyertlslru the vacancy vla thg malllng list. NWG Network Company Limited by Guarantee Trustees. Annual Report (Incorporating the Oirectorfs Report) {contlnu•d) Year ended 31 March 2025 Struclur8J governance and managemènt (conthued) Membershlp Slwcture The NWG NthoTk is made up of professionals who are individuals. organisations and projects who work wrth young people at risk of, or affected ty, child exploitation, or those undertaking ￿lleY and research woth in thls area. There is a flxed fe8 structure for individuals and projects ailothryng full payirKJ members access to the whol8 wetsite. Rlsk Management The trusta8s have a duty to idenfjfy and review the risks to which the charitable company 18 exposed, and to ensure that appioprlate controls are In place lo provkl8 reasonable assurance agalr￿t fraud and error. The trustees undertake thls dity through the maintenance of a risk regisler which Is updated on an ongolng basts. The endr• feglster Is rwiewed on an annual basis. Obiectlve• and acllvlllos The charftles objects are to tyomote, enable. support and develop the protectlon of children and young P80plo vtho are attecled by sexual exploilatlon, human trafflcklng and modem slavery and the rellef In n8•J of such persons affectwj in such part5 of th8 Uniied lfjngdom or the workl as Iha Dlrectors from Ilme to tlme rnay thlnk li( in particular but not excluslvely by: - providng a forum lor wolects or organlsatlons ￿nCerned with the rellef of chlldren and young people vtho are sufferlng becaus8 of sexual explollatlon, modem slavery; providlng links into current research, pollcy and project developments within the fleld of sexual exploilatbjn, modem slavery of cNldren young people and offering opportunty for examples of good. bad arKI daveloplng pracllca to be shared and dlscussed; . encouraglng the o)ordtnation ol dlfferent awoach8s arKI aiming to contribute to th8 developrnent of a coordlnated w)licy arKI practice concerning ¢hlldr8n and young people at rlsk of or suHerfng sexual axploltatk)n. modem slavery . . encouraglng a chlld centred practlce that recognl8e8 arKI resp￿ diversity, - developlry an 8pproprlat8 SUPPOrt network for servlces working with chiklren and srjung people at rlsk of or gxparf8ncing sexual exploltafjon. mod8m slavery; - enablTrJ tho Chafty to be haard as a collecthrn grJnsultation arourKI issues of exploitation .to Incr&qse prolesS￿n8l kn￿edge -to share 8ffective practice -to davelop a wide range of res￿r¢08 .to work a range ot law enforcement age[￿leS to improve re8pon8es .to work with statutory. voluntary and communty ag8nde6, private and soclal errt6￿rise companles lo edwate. prevent and improve respon888 to chlid exploltation. We wlll contlnu8 to rnalntain accuratè records of Income and 8xperK15ture and exercise vlgorous flnanctal managemenl. We wdl woduce regular linancial reports as woll as audlted annual flnanclal statements In accordance with SORP, Charty Cornrnlsslon and Companies House requirements. Prlnclpal FurKllng S(yJrc•8 The prfr¢lpd fundlng sources lor the charity are set out in noto 5. NWG Network Company Limited by Guarantee Trust￿. Annual Report (Incorporatlng the Director's Report) (continued) Year ended 31 March 2025 Flnanclal revlew (c0JJth￿) Investmert Pollcy The Board has considered the most appropriale poliGy for investing funds subJ"e¢t lo the overriding requirement of maintaining liquidty of funds. For the present it has concluded Ihat excess funds ar8 to be invested with the bank and available for irnmediate access. Aeserves Pollcy Th8 Board has &￿sIdered lh9 level of reserves that ar8 ra]uir8d, and has concluded that 3 months of nomial oxpèrditijre is the minlmum that should bè retained at present. This level of reserves will be reviewed on an annual basis in the luture. Truste08' responglbllllles •latement The trustees. vtho are also dlrèctors for th8 purposes of company law, are responsbl8 lor preparfng the truslees, rep(Jrt and the flnanclal stat8m8nts In accordance wth applicable law and United Klngdom Aco)untlng Standards (Uniled Klrwom Generalty Accepted Accountiro P￿tice). Company law reryMre8 th8 charity trustees to Prepar8 financlal statemants for each >*ar which give a true and fair wew of the slat8 of allairs of the charitablg company and the incoming resources and applkation of resources, Sncludlng thè income arKI expendfture, for that period. In weparlng Ihese flnanclal statements. the trustees are required to: select Suitable accountlng pollci88 and then apply them con8lstent1￿. obseThe the method8 and prfncwes in appllcable Charities SORP; rnaka ludgments and accountiTrJ 8Stimate5 that are reasonable arKI prud8nl: prepare th8 flnancial statements on the golng concern basbs unle88 It 18 Inapproprfate lo presume that the chartty thrfll contlnue In buslness. The trustees are responsble lor keeping adequato accounling records that are sulfident to show and explain the charws tr8nsadons and dsdose wilh reasonable accuracy al any time the financl posltlon of the charity and en8ble them to ensure Ihat the fIn￿la1 statements comply wfth the Companles Act 2006. Thy are also responsible for safeguardlng the assets of the charyty and hence for takww reasonable stsps for the prevention and delectlon of fraud and other Irregularhles. NWG Network CoThyny Llmfted by Guarnntee Trusteos. Annual Report (IncOry￿ratIRg the Directorf8 Report) (con11￿> Year ended 31 Alarch 2025 Audilor Each of the persons *ho is a tnjstee at the (trate of apprnal of this rBm con11ffl￿ that so far as they are aware, there is no relevant audil information of which the charfvs audknr Is unaware," and they Imve laken all steps that ttw ought to have taken as a trust89 to mthe themsetrm avrare of any rel8vant a￿lt Infomiation and to 8Stablish that the charivs audltor is avrnre of that Infomation. Th8 ath Is deemed to have been re-appoint•J in a￿Orr￿ *ilh s￿￿On 487 of the Compan183 *nall conyry provlslons Thls rq)ort has been prepared In accord￿ wlth th8 provislons applicablo to companies errtllled lo thè small companlas axemption. The lJustee8' annud T8￿rt was approvBd on 29 October 2025 and Sign￿ on behatt of ts bowd of MrSARosg Chair of Board of Trustee8 NWG Network Company Llmlted by Guarnntee Independent Audltofs Report lo the Members of NWG N8tworf( Year ended 31 March 2025 Opini Wa have audiled tha financial sL8tsments of NWG Network (tha 'charity) for lh6 year 8nded 31 Math 2025 comprise the statement of fftmncial activimes (induthThJ income aTrl expendblure account), statement of tinancial posltton, statemenl of cash Ilows and thè related notes, Including a summary of significant accounting pollci8s. The financial raFK)rting fraffleworf< that has been applied in their preparatlon is applicable law and United Kingdom A￿untIng Standards, including FRS 102 The Flnan¢AI Re￿rtIng Standard appl￿th in the UK and Republic of Ireland (United Kingthi Generally Accept￿1 Accounting Practlcè). In our oplnlon the financial stat8menls: give a true and falr of the stat6 of the charlVS affalrs as at 31 March 2025 and of its Inwming resources and arvllcalion of r860urces, including its Incom8 a￿1 exp8￿111ure, for the year than ond8d' have been property prepared In accorda￿ vlth Unlted Klngdom Generalty Awltwj Accountlng Praclica: Bag1• for oplnlon We ¢or#Yucted our aLKIIt In aCc￿dar￿a viith Internatlonal Standards on AUth1￿J (UK) (ISAS (UK)) and responsli ￿1ftleS for the aLMlit of the flnancial slaternenls sectlon of our rewrL We are independ8nt of the charity in accordance y￿¢h the ethrcal requlrements that are relevant to our authl ot the finwKial stateM￿ts in th8 UK Ir￿Juding ￿ FAC'S Ethical Standard. and the provlsions availabl8 tor small entidos, In the clrcumst8nces set out beluN. and wg have lulfi118d our olher 8thfcd In accordancè with these requlrements. We believe Ihat the audit evldence w8 have obtw'ned is sufflclent a￿1 approprSate to provide a b8sls lor our opinion. icable law and Int8maJonal Standards on Authung (UK and IrelaTrJ). Th088 Standards r￿uIre us to %Mnply wtth the Audillng Practices Board's E4hic41 Stanthth for ALKlilors, inclLNJing "AP8 Elhi(xl Standard . Provim AvailatAè for Sfflall Entides (Rovl*J)', In the cirrjjmstances set out tkn. Concluslon• relallng io going concern In a￿llIng the flnarthl statements, we have c(xKludod that the tTustee8' U8e of Ihe golna concern Based on the work we have perlomied, w8 hav6 not Identlfied any material uncerlainlies relatlng to events or conditions that. iThJSvidualty or cdlectivety, may casl signfficant (k)ubt on the charftls ablllty to contlnue as a going concem for a pwiod of at least Iwefve month8 fnxn when Ihe financial statemenls are aulhorised for issuo. CAff re8ponslbilEtks and responslbllities of the trustees with resw to going cO￿￿n are describad In tho relevant sectti)ns of this report. NWG Network Company Limfted by Guaranteo Independenl Auditor's Report to the Members of NWG Network (eonttnu•d) Year ended 31 March 2025 Other Information The other infomiation comprlsas the Informalion Indu￿ in the annual reFXIrt, other than Ihe finanGial staternents and our audtofs report Ihereon. The tnjstees af8 responsible for the other Informath)n. Our opinion on the linancial Statem￿ts does not cover the other Infomiatton and, except to the extent otheThvise expliciily stated in our repor( we do nol 8xpr8ss any fomi of assurance condusion thareon. In ts)nngth YAth our athlit of the finw￿la1 statements, our resFonsthlty is to the otsr information arKJ, in doing 60, eonswJ8r wheth8r th8 Other inlomation is mat8rialty inconsistent wilh the financial statements or our knowledge obtaln8d in the audit or otherwise appears to be materially Misstat￿1. It we identy such material inconsistendes or apparent material mi&staiements, w8 ar8 rewrrired to dete￿ine there ts a materiaf misstatement In the financial statements or a material mlsststernenl of the other Informatton. If. based on the worf( we have performed, we conclud8 that there is a material misstatement of thls other inlormation. wo are required to report that fact. We nothing to r•F¢rt In thls regafd. Oplnlon• on other mattern prwcrlbod by tho Compan188 Act 20th3 In our oplnlon. bas&1 on th8 work undertaken In the cow8e of the a￿. lh8 Inforniatlon glven In the trustees, report for the finarKial sw for whlch the Ilnanclal sta18ments arè prepared is con8lStent with the financial staternents; and Matter8 on whlch we •rn roqulrnd to report by excepllon In th8 tsghl of Ihe kn(￿le(la8 Ur￿ of the its envlronment ot)tsin6d In th8 course of the a￿lft. have not Tdenlified materral mlsstatements In the ttuste8s' report. We have mthlng to report in respect of tha followlng matters in relallon to which the Companles Act 2006 requires us to report to YDU rf. in our QFAnion: recelved from branches not vlslted ty us," or tho flnancSal statements are not In agreement vAth Ihe &counllry r8LX)rds aThJ retums; C8rtaln dlsclo8ur8s of tru8tees' remuneralfon specrfied by law are not made" or thg trustees were not entilled to prapar8 the financial statements in accordance with the small cwles regim8 and tak8 8(fvantag8 of the srnall companl8s' exempti￿ In preparing the directors. re￿rt arnl frnm thè rwbrement kn wepare a slrntegic repofL NWG Network Indewdenl Audllorfs Report to the Members ot NWG Network (cont1n￿d) Year ended 31 IAar¢h 2025 Responsibilities of tru91e8S As explained mora fully in the trustees, reswnslbiliiies statem¢rt, th8 trustees {wl)o am also the th'rectors for the pun)oses of company taw} aTr rest￿Si￿e for the prepardlion of the linanfi staternerts arKI for bèlng satisfied that they glv8 a true a￿1 fair view, and for such intemal control as Ihe tW61ee8 thtennine Is nec8ssary io enable the preparatron of financial statements that a￿ free from rnatsTkl missiat8rnerrt. whether due to fraud OT error. In preparSng the flnanciai siatements. thè trustees are responsible for assassing the chaftty's abillty to conlinue as a golng concem. dbsclosing. as aFplScable, matters related to golng concem aTKI uslng the golng concem basis ol accourtbry LwQ8ss the trustees elther intend to liquthte th8 charity or to ¢•ase NWG Network Company Llffliled by Guarantee Independent AuditoVs Report lo the members of NWG Nelwofk (¢ontlnued) Year ended 31 March 2025 Auditorf8 re8ponslbllltie5 for the audlt of the financlal stslemants Our obl￿tIV8s are to obtaln reasonable assuiance abjui whether the finandal ststements as a who18 are free from material misstaternent. vthether due to fraLvJ or error, and to sssue an a￿lt0￿8 rewt that includ8s our opinion. Reasonable assuran￿ is a high level of assurancè, bul is not a guarante8 Ihat an aut*t conduct8d in accordance with ISAS (UK) will always detect a matèrial mlsstatsment vthen it exists. Misstatements 4xn arise from Iraud or error and are consldered material it, Individually or in Ihe ao3reoate, they could reasonably b8 eXF￿led to influence the economic deasions of users tak8n on the basls of thes8 financi￿ 5taternen Irreaularities, Includlng fraud. are instart8s of nOn-cA)mpl￿nCe wlth laws arKI regulallons. We dwn Pfocedures in line with our responslbilities. oullined atjove, to detect rnat8Tial mtsstatefflents in respect of irregulartues. induding fraud. The extent to ¥yhich our procgdur86 are capablo ol del￿ting Irregularities, Including fraud Is detailed below: Identlfylry aThl a$s￿ng wentid tsks relat•J 10 Irregularltles In id8nllfylng and assessing rlsks of material mlsstatefflent in r8spect of irregularffjes, Ind￿ling tra and rKJrFcompllance with laws and regulallons. we considered the foll0v￿ng. Audll rfsks Idonlllled Ihe nature of the Industy and 59ctor, control envlronment and buslness perfomiance; r8suIts of our enquiri88 01 rnanagemenL about their own Klenttfkation and assessmenl of th8 risks of Irregularttigs; any mattefs we idenliflefj rnade eThyiri8s abcArt the documentation ol their wlkies and procedures relattng to: identifylng, evduating and complying laws and rggulations and whether they awar8 of any Instan￿ ol nonC￿￿lance. dets¢bng and r8SFX)n(thng to th8 risk8 of traLLI whether they have of any actual, susp8Cted or alleg￿1 fraud; the intemal controls estab15shed to mlOgat8 rfsks ol fraud or non-compliance with laws and régula￿On8. might occur in the flnanclal statements arKI any ￿terrtIaL indicator8 of fraud. Ihe OTranisation for fraud and idenlTfted the greatest wentlal for frnud In relatlon to Irmne recognits￿, banklng pr(Kedures and segregatlon of dulles. In common with all a￿rtS under ISAS (UK). y￿ are also requlred to perforni specific procedures to respond to the ti8k of management overrfde. We 8180 oblalned an understandlng of the18gal ar¥J regUlat￿Y framewoths tr&t the company operates In, locusing on provlslons of thosa laws and iegulations that had a dlract effect on the det8rminallon of material amounts and dlsd05ures in Ihe finan(ial statement& Th8 k8y laws and regulattons we consndernd In this context Induded tho UK Companies Act, UK CorFX)rato Govemance CcKle and lrtal tlx leglslatlon. In addidon, we consldered provisions ol other laws and regulations that do not have a dire¢l effect ¢)n operale or to avold a material penalty. 11 NWG Network Company Limiled by Guaranteo Independent Audltorfs Report lo the Members of NWG Network (¢onllnu•d) Year ended 31 March 2025 As a result of perlomlng the above. we identifled income recognitson, management override of controls and related paty transactions as key audit matters related to the potential tisk of Iraud. In order lo ml¢*t8 the risk iden11f￿ enqulries w￿e made of key management personnel as to the proce￿ SUTroundtng recording of transactions and fecognthon of income. InduthTrJ agreement to remittance advices and grant agreements. The èxistence of related partles was enquired aboLrt with key rnanagement personnel and throughout the auth and review of the accounts las well as the transactlons indudeAY therein) it was ansur&J that tt￿re were no disclosable items or transaetlons ich trad not been conducted at arnis length. In addresslng th8 risk of fraud through manag8m8nt override of controls. our procedures induded r8wewing and tesling tha apwopriatoness of joumal entrles and other adjustments; asses6ing vthether the ludgements made in making accountlng estimates are indcativ8 ol a Fthnlial bias; and 8valuating Ihe busine&s ratlonale of any swJnilicant transacltons that aTe unuwal or outsid8 the nomia u)urs8 Ot business. Due to the minimal number of transactions throughout tho Ilnancial year li was clear that there had been no management overrlde of ￿ntrOl$ and that oath tran8acUon had been correcuy and We also cornrnunlcated relevant Klentilied laws and regulailons and potentid Iraud rfsks lo all engagamorrt 10am membws and reThw￿d alert to ary Indications of traud or noncompliance wllh law5 and regulalm thToughout the audit. A8 Pyrt of an audll In accordance wilh ISAS (UIQ, we exercise profe5slonal Judgment and malnlaln professional sceptlclsm throughDuI the audit. We also: •rl assess T15tsJ of rn*iial misstatement of the fina￿181 staternents. wh8ther tjue to fraud or error, dason arKI perForm audlt proc8dur8s responsfve to Ihos8 rlsks. and obtaln audit evidence that is suFliclent and appropriate to provld8 a basis for our opinion. The risk of not detectirKJ a material misststefflent resutting frorn fraLKI i& higher than lor one resulliNd from error. as fraud may involve collusion, forgery. intentlonal omissions. mlsrepr8S8ntatrins. or Ihe overtle ot Intemal corttrol. Obtsln an urMl8rstanding of Intwnal control r818vant to the audlt In order to des*n audlt prC(ed￿ that are awwiat8 in the Circurnslances. but Th)t for the purpose of eXFYeSsi￿ an oplnlon on the effecliveness of th8 Intemal control. Evaluate Ihe appropriat8nass of accounting wlicies used aThJ tho reasOn￿len8S& ol accountino estimates and related th'sdosures mada ty th8 biistees. Conclud8 on the approprlateness of the trustees, ￿ of the golng concem basls of accountlng and, based on the audlt evldence obtalned, whgthw a materlal u￿ertaInty exisls related to ovents or ￿￿lItionS that may cast signilicant doubt on tha charitys abilty to cortwiue as a gc4ng concern. If we condude tlrat a material uncetsinty exlsts. we requir8d to draw attenti(m in wr a￿jito￿5 report to Ihe related disclosures in the tinandal statements or. If such disclosur8s are inade(wate. to modlfy our oplnlon. Our conclusiorts are based on the autht evldgnce obtained up to ts date of ow aLKlitorfs report. However, futwe evwts or ccThlitvJns may Ca￿ tho tharity to C8ase to ¢[￿ti￿e as a going Con￿￿. Evaluato tho overall presentation, structure and content of the Ilnanclal statements. Includlng the discloswes, whelher tho f￿anCIal statements represent th8 underlyir¥J iransa£lions and 12- NWG Network Company Limited by Guai Independent Audllofs Report lo the Members of NWG Network (conHnuodJ Year anded 31 March 2025 We communicate I￿th thos8 charged wlth govemance regarding. among other rnatters, the planned SCC4)e and timing of the a￿￿11 and signiftcant audll finding& Ind￿li￿j any swi1￿ da￿lende$ In Intemat control that we identify during our a￿lL U86 Ot our report Thls rwrt is sotely to the chatiiys rnembers, as a t￿￿1, in a(x¥)rdan¢e ￿ryth Chapter 3 01 Part 16 of trrt Cornpani85 Act 2006. Iljr a￿*t has been undertaken so tIMt we mlght stat8 10 diarlivs members those rnatters we are rewired to ststé to Ihem in an audilo¢s report and tor no other purwsa. To the lullest exlent pemiitted by law. we do not accept or assume responsibilty to anyonè other than Iha chaity and the charilys mem￿rS &8 a body, for our audit work, lor thls raw. or for the cplnforts VM tAve fonned. Stephen Allgn ACA FCCA (Sgnlor Slatutory Auditor) For and on behaff of A118n, Wesl and Foster Urnlted Chartered Accountants & stalutory aurfitor Ornega Court Sheffield S118Fr 29 Ociober 2025 13- NWG Network Company Llmlled by Guara Slatement ol Flnanclal Activitles (Including income and experKIItUfe account) Yoor ended 31 March W25 2025 Unrestricted Restricted funds Totrl fundg Totsl lunds 2024 Nolè Incomlng re8ourees Voluntary income Investrment 98.795 7.370 106,165 754.302 853m7 923,6&5 7276 860.467 930,941 Total Income 754,302 Exp8nOitur• Costs of generatlng voluntary Income 7,496 161.723 169.219 65,831 717201 TaJ27 82,421 Tolal •xpendllure 783.032 951251 9&3.006 (&3,054) (28,730) 191.784) (32,065) Ro¢on¢nlallon ol lund• Total fundB brought forward Tolal lynd8 corrfed lornwd 235,518 172,464 1YJ,512 359,030 391,095 9(782 X7246 358030 The statement of flnancial activld8s Incl￿ all galns arKI losses reLX)gnlsed in Iho yoar. The notss on paga 17 10 26 lorni part of these flnanclal 4iatament -14- NWG Network Slatement ol Flnancial Positlon 31 iaarch 21r25 2025 2024 15 Current assets Debtors Cash at bank and In hand 16 64,993 351.&56 416.789 17 54407 266￿10 357,382 267246 a59.030 267248 359.030 Nèl currnnl a88el• Total •B•*1•88 ourr•nt Il•blllll•• Funds ot th• chaTity Restrfcted funds Unrosirlcknj funds 123,512 172,464 235,518 267¥6 359.030 These IlnatKlal statements have b88n prepared In acaJrdanc8 vAth Iha provlslons appllcable lo companies subject to the small companies. reglme. Treasurer The notes on page8 17 to 26 forni part of these financlal gtalwn 15- NWG Network Slate•Thent of Cash Flows Year ended 31 IAarch 2025 2024 Cash fflowslrom operatlng acuvllles (91,784> (s2,(￿59 Adiustinants for.. Depreciation ol tangible fixed assets Other Intwest ￿1Vabl8 al￿ sirn￿ar In￿Me 412 17J70) 549 (7,276) Ch8nges In." Trade and other debtors Trade arKI other creditors (35.915) 27,937 (45,967) (40,831) (11&938> Intore6t patd Interest receiwl 7.276 Net cash US￿ An Oper￿]r￿a athlles (107W5) (34494) Ngt dgTh8e In cash and cash equlvalenl• C••h and cash oqulvalents al boglnnlng of yoor (107*55) (39,494) 351W6 391,350 244x11 351.B56 -16- NWG Network Company Umlted by Guarantee Noles to Ihe Financlal Slatemonts Year ended 31 March 2025 General Inforn￿10n Tho charity b a public L￿effit entity and a private company limi￿￿ by guarant￿ regisiered In England and Wales and a roglstered charity in England and Wales. The ajthess of the registered office is 364 - 366 C8ffletery Road, sheffie￿ S118Fr. Thèse flnancial statements have bèen prepared in compllanc8 FRS 102. Thè Flnancial Reporting Standard wlicable in the UK and the Republic ol Ireland., Ihe Slalgm8nt of FlnaTthI Flep*tng Stranda￿l appllcablè in the LIK and RepubliG ol treland (FRS 102} (ctHrftles SORP (FRS 102)) and the Companles Act 2006. &O£couthg ￿11¢1 Bas1• of preparnllon Tha financial statements CfMmFly with tho Charlllos Act 2011. tho Comp￿10$ kt 2C(l& the Memryatmknm and Article5 of Assttlallon A(xounthg and Rewting by Chariti8v. Statem8nt of Recomme[￿8d Praclice appllcable to ¢harilEes preparfNJ their accounts In accordance wllh thp Flnancial R8portirNJ Smandard applicablè in the UK and Republic of Irelatmj (FRS1021 (effective 1 January 2015). Golng ¢oncom Th8r8 ar8 no materfal unwlalntles atrK)ut lh8 Ch￿l￿S abilty lo Contin￿ as a golng ￿n(wIL The charty has suffident reser4TrS aTKJ cash funts. Judgom•nts and koy sourcos of estlmallon uncertalnty The weparatlon of the IlrwKlal statements roquir88 managernent lo make ludaernents. are continuatly and are bas&1 on experience and other factors, Includlng expactstions of future evonts that are t￿ley8d to be reasonable urnler th8 circum8tanc88. Unrestricted funds are avall&A8 for use at the dlscretlon ot the truslees In furtherance of Ihe pUry)0￿ of tho charlty. -17- NWG Network Compony Llmlted by Guarantee Notes to the Flnandal Slatements {conlinued) Year endod 31 Alarch 2 Accounting polides (eonllnued) All Incorne Fs induded in thè statement of financial actlvities when the charity is 8ntliled to tho Income, any p8rfomiance related ¢ondilions atlached have been met or are fully wthin the contml of tha charity. the Income is considered prot￿ble and the amount can be wantified tBasonth accuracy. The following speafic pollci8s are applled to parlI￿lar catewies of Incom8: Donatlorts arKI legacy irmme is by way of donallon& legaci* grarrts and gifts Is Included in fLth in the Statement of Flnandal Actiwlies when recewablo. Where legacies havo been notified to the charity but the Criterla for incom8 recognition have not been met. thelogacy is treated as a ¢ontirvJenl asset and dlsclosed if materlal. Grants. whgre entrtlement is not condttlonal on the delivery ol a specific wlorrnance by the ch•ity, are recwised when the tharity beryjmes unCo￿ltI0nattY entittwj to the grant. Donatsd s8Nlc8s and tacilities are included at the value to the charity, bglng the amount the chwity wwld have been wilh'ng to pay to oblain serylces or fa¢llilies of wulvalent economtc benefit Dn the open markeL Investynent Irume Is IncI￿jed vthen receivabl8. Inc¢)me from grants, where related to performance and speclllc dellverablas, are accounted for as Iho charity eams th8 right to c0nsld8rat1(￿ by Its P8rtonnance. Expendliure Is recognl8ed on an accruals basls as a Ilablllty Is k)curred. Expenthlure Includes any VAT whlch cannot bo fully recovered. and 18 reported 88 P8rt of the expendlture to whlch it Costs of ralsing lunds cornprlse thè costs assoclateAI wlih attraclng donaUon& grants and legacies and the costs of trddlng for fundralsing purposes. actlvftl8s and servlces for Its b8neficiaries. It includes both costs that can be all(￿t￿l directly to s￿h activittes and those costs of an lTrJlrect nature necessary io 8UPPOrt thom. nor part of Its experKlituro on charitable acUvftl8S. All costs aro allocated t*tw8en th• c*egori8s of the SOFA on a basis deS￿ned to rgfl8LX the use of the resou￿. Costs retaling to a Wticular acow are allocaknj dlrBcty. oth•r6 18- NWG Network Company Llmfted by Guaranlee Notes to the Flnancial Slatemen18 Year ended 31 March ounting pollcles (C0ftI1n￿) Tangible as8ets All ffixed assets ar8 Initially recorded at cost. Th8 ctwitable company ￿1Ved fundlng in th8 past whlch had b8en spent on certain fix assets, mthty offlc8 lurni￿r￿ and computer equirynent arLI these liems tAd been treated as revenue rather than capilal at the time. Acc(wdingly thes6 assets do not appaar on th8 charilable companls balance sheeL Depreciation Is calculated so as to wrlte olf th8 C06t or valuatlon of an ass8L lass Its resldual value, over useful economlc lif• of that &88et as folloK: Flnancknl Inslruments A finarthl as5Ot or a flrkvKlal Ilawity 18 re(xyil*J onty when onuty b￿orneS a party to th• contraclual prnislons of the Instrument. Basic financlal in8lruments are Inltialty recognlsed al the amount recelvable or payable MtKtir any related transaclion costs, unless the arrangement constftutes a financing transaction. where tt Is recognised at Ihe ￿esent value of the lubJTe Fwients dl8counted at a marf(et raie of Interest lor a slmilar debt inslTurnent. Dofinad conlrlbullon plans Contribut￿nS to d8fined contrlbulion plans aro r￿n1￿1 as an exp8ns8 In the period In which the related se￿1¢0 Is provhled. Prepald cOntr￿)UtIonS are rowi￿ a5 an asset to th8 extynt that the prepaymenl VAII lead to a Teductlon in future pa￿nents or a cash relund. When contrlbutlons aro not expthd to be sett￿1 wholly wlthin 12 months of th8 end of the dlscount•J Fresent value basls. Th8 unwlndtry of the dl8count Is recogni5ed as an expens8 In the pgriod In vthich It arises. Every m8rnber of the Company undertokes to (￿)ntrIbirte Such an arnount as may b8 wulred. not excwjing £1, 10 the Companses assets If it should be wound up vthlle helshe Is a member, or within ono year aft8r h8lsh8 cease8 to b6 a m8mb8r of ts Company. for pa￿ent of the )sts, charges a￿1 expwws of winding up and for ts ￿lu51M8¥1t of Ihe rights of tho -19- NWG Network Noles to Ihe Finon¢ial Slalemenls (eonllnuedj Yw ended 31 March 2025 Voluntary Income Unrestricted RestriG*8d Total Funds Funds Funds Donalions 2,397 2A97 Gr•nt8 Grants 754.3(r2 754W2 Ollw donalions and l¢g•de8 Mernbership fees Confer6nce and seminar receipts ConsulÈanGy fees Avrarenoss Ilterature Commlssloned 25,885 19,693 19,693 30,103 98.795 30,103 7&1J02 851097 Unrestricted Restrldwj Total Funds Funds Funds 2024 Donatlon• Donatlons 744 743 13,186 8t3,186 Other donallons and legacles Membership fees ContorefKe aThJ seminar receipts 24.654 24,654 Awareness Ilieratur8 Commissioned 34,468 100,480 823,186 924665 Invo•lm•nl Incofflo UnrestAcled Totsl Funds Unrestricted Total Fund8 Funds Funds 21r24 UK bank Intore8t I￿81¥8￿$ 7,370 7J70 7276 7276 Co818 of generntlng volunthry In¢4X Unrestricted Restrloted Tolal Funds Funds FurKIs 6&831 NWG Network Notes to Ih? Flftanclal Stalemenls (eonllnu•d) Yaar anded 31 March 2025 Costs of generaling voluntsry Income (conllnu•d) Unreslrlcted Restricted Tolal Fur Funds Funds 21r24 Costs ot g8ngr*ing voluntary Incomè 9.698 71724 82421 8. Expendllurè on charltable activilias by lund typo Unrestricted Restricted Tol•l Funds Funds Funds 156,658 &065 579,659 n6,318 137.542 141606 717,201 878.924 161,723 Unrestricted Reslrkxed Tol81 Funds FurK18 Funds 2024 Chartloblo agdvlties 86,511 31.574 655,623 106,871 762,500 742,134 158,451 880,585 118,085 Total lund8 Total fund 2024 dlr8cty Supwl costs Charitabla activbtles 736,318 131947 8,659 141606 878924 870W 8T2,5rJ 8.012 73Q318 10. An*￿18 ol aupport CO81• An3ty3￿ activlty 1 Tot•1 2025 Total 2024 133847 13&947 130A39 8,012 ]42￿ y3&451 14Z606 NWG Network Conwny Llnllted by Guarnn Note8 to the Financial Statements (¢orftsN￿d} Year ended 31 March 2￿25 11. Nei expendllure Nèt èxperKfjture stated altor charg1￿(Cre{lItin0): 2024 Deweclation ol langlbkn flxed assots 412 12. Audltors remuneratlon 2024 Fees payable for the audit ot the Ilnancial statements 13. Slaff cos1• The total staff costs arKI employee benefits for the rewting perlod are analysad as follows: 2024 Ww arrfj salarfes Soclal security costs Employer conlrflJAlon8 to Wslon plans 554033 592.883 51.954 57,555 13.649 14,355 The average head count of employees durlng the year was 16 (2024: 17). The average number of lulktlme equNalent employees durlro the yearls anaty5ed as follows: 2024 Numbw of staff In all depaibiients 16 17 2024 £60,000 to £69.999 14. TruBtee remuneratlon and expen• No remuftera￿n or other bpnefits from employThent with the charty or a related enty weré NWG Network Notes to the Financial &alements (con1￿) Year eTrd￿ 31 March 2025 15. Tangible Ilxed assets Motor V8hid8S Tolal Cost At 1 Apr 21J24 and 31 Ilar %)25 Depreclallon At 1 Apr 2024 Charaa ILY th8 y8ar At 31 Mar 2025 IIX098 8850 412 412 8,862 Carrylng amount Al 31 M•r21)25 At 31 Mar 2024 16. Deblor8 2024 Pr8payments a￿1 arxrued In¢om8 12,151 15 192 49,741 40W 64,933 2024 Trad8 cr8dltor8 192 Other credltor8 3,750 59,407 18. P•n•lon• and other po•t rflrement bonelll8 contrlbjkn ts Vras £13.649 (2024: £14,355). NWG Network Nole• lo the Flnanclal Statements (e0nlln￿dj Y&qr ended 31 March 2￿25 19. Analysis ot ¢harltable funds Unrestrieted fundg At 1 Apr 2024 IT￿e Expendllur8 31 Mar 2025 Gen8ra] funds 23&518 JO&165 {169219> 171464 At Income Exp8nditur8 31 Mar 2024 At 1 Aw 2023 255.545 107,756 1127,783) 235,518 Regtrlct•d lund• At 1 Apr 2024 Income Experthre 31 Mar 2025 Resour￿$ PrO1￿t 1616 18&000 (167M) 2￿,000 (200.000) Esmee Falthlm Samwoth Nall(MHI Lottery E￿land. SCIMA Porticus Scouts A8soclatlon 37,500 75,000 160,098 11r2.537 (75.0(N)> (155,711) (102.537) (63.641) 31.667 {18,584) 754,302 I7￿032> 37 &8.003 19A62 13,083 91782 123.512 At Income ExperKlknre 31 Mar 2024 At 1 Apr 2￿23 115,000 200,000 1112.384) {200,0(M)) (106,5CN)> (75XQ) (156,688) {118,1181 (66.536) 2,616 Sports EndarKI Esm88 Falrbaim Samworth Nat1￿￿1 Lottery Sports ETrJlarKI. SCIMA Portlcus 10,300 37500 37,500 157,081 118,116 61,789 87.750 83,003 13&SfjO .186 (&352241 124512 NWG Network Company Limited by Guaranlee Nole¥ to the Flnancial Slatements (conflnu6d) Year ended 31 March 2025 19. Analy818 of charitsble lunds (coftth￿J Reslrfcled Funds Sport ErvJland - to surport sports infrastr￿re Fro?￿derS and practilionets to Improve thelr capadty to safeguard young people. Impl8mentation of a 5 year plan and growth of our established rth￿. National Lottery. to suptth tac￿Ing chlld sexual expioltatlon Covld 19 and Iwjnd. Scouts A6soclatlon . to covers a multifude of actlvllles that children atterKt oimsido of school houws. Unrestrfcted Funds Restrictod Total Fund8 Funds 2025 Cufrent assets 171.228 171464 94.782 286,010 94.782 267¥6 Unrestrfctsd ReStrIc￿ Total Funds Funds Funds 2024 TaiglNe IIMI assets Current assets 1,648 233.870 3&518 If3.512 la512 354030 21. Imly818 of change8 In net debt At l Apr 2024 Cash Ilm 31 Alar 2tr25 Cash at bank and In hand 351.856 (107.555) 244J11 NWG Network Company Umlted by Guarantee Notes lo the Flnancial Statern￿ (cortlnwd) f2. Related partle6 Duriro th8 year under review, charity ￿ a total of £31,599 (2024 . £3.683) to KC Jones (conferen￿ Ev8nts) Limited vtho aTr event offJanisers ￿￿1 by NWG N8trAuk. Rebecc2 Cadman-Jones. was one of the trustees arKI Ss a Lfjrector of KC Jones. Rebecca CaJman-Jonès r*n8d as a Injstee in Decemljer 2023. Within the year, a total of £2,IJM) vras also (*)nated by 31st March 2025 vras £Nil (2024. £NII).