THE SOCIAL WORK AWARDS LIMITED IA company limited by guarantee) Unaudited Trustees, Report and Financial Statements For the Year Ended 31 March 2025 Registered number: 07581130 Charity number: 1144458
THE SOCIAL WORKAWARDS LIMITED (A company limlted by guarantee) CONTENTS Page Reference and administratlve details of the company, is Trustees and advlsers Trustees, Report Independent examlnerfs report Statement of financlal actlvlties io Balance sheet 11-12 Notes to the financlal statements 13-18
THE SOCIAL WORK AWARDS LIMITED IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Peter Hay CBE, Chair Robert Mitchell (resigned 17 March 2025) Anamaria Popovici Gary Spencer-Humphrey Kelly Centro Ireslgned 7 June 20241 Clenton Farquharson Sherry Malik Brian Mitchell Lisa Buttar Jon Glasbv Directors Peter Hay CBE, Chalr Robert Mitchell IresSgned 17 March 20251 Anamarla Popovici Gary Spencer-Humphrey Kelly Centro Iresl8ned 7 June 20241 Clenton Farquharson Sherry Mallk Brian Mitchell Llsa Buttar Jon Glasby Company reglstered number 07581130 Charlty re8lstered number 1144458 Re8lStered office Crown House Suite 5 Ipswich Suffolk IPI 3HS Independent Examlner Mr Robin Jackson FCA Churchgate Accountants Llmited 18 Langton Place Bury St Edmunds Suffolk IP33 INE
THE SOCIAL WORK AWARDS LIMITED (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together with the flnancial statements of the The Soclal Work Awards Limited for the period l April 2024 to 31 March 2025. The Annual Report serves the purposes of both a Trustees, Report and a Directors, Report under company law. The Trustees confirm thatthe Annual Report and financlal statements ofthe charitable company comply wlth the current statutory requirements, the requirements of the charltable company's governin8 document and the provisions of the Statement of Recommended Practice ISORP} applicable to charities preparlng their accounts In accordance wlth the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS102} (effective l January 2019}. Slnce the Company qualif ies as small under sectlon 382 of the Companies Act 2006, the Strateglc report required of medlum and large companies under the Companles Act 2006 IStrate8lc Report and Dlrectors'Reportl Regulatlons 2013 has been omitted. Objectlves and actlvltles a. Pollcles and obJertlves- procedure In settlng obJectlves and plannlng for actlvltles, the Trustees have glven due conslderatlon to general 8uldance publlshed by the Charlty Commlsslon relating to publlc benefit, Includln8 the 8uldance 'Publlc beneflt: runnlng a charlty IP821'. b. Pollcles and objectlves The charlty was establlshed wlth the oblectlve of the rellef of poverty and the advancement for the beneflt of the public, of educatlon In the Unlted Kingdom and by promotln8 and encouraglng hlgh standards in soclal work. The work carrled out has the following aims: Glve recognltlon to the challengln8 work of quallfled soclal workers. Promote best practlce In the profession and celebrate success. Improve public understandlng of the range of work whlch soclal workers undertake. Celebrate and promote diverslty and equal opportunltles In soclal work. e. Artlvlties undertaken to achleve oblectlves The Awards cycle Included managlng online appllcations, a serles of In-person and virtual judglng events to promote a dlverse and incluslve Judgin8 panel, the organisation and delivery of Awards night In London on 8 November and a special parllamentary receptlon for wlnners, sponsors and stakeholders on 17 March 2025. Effectlve media relatlons for the event reached substantial audience numbers through mainstream, local, and sector media, advancing the charity's objectives to positively promote social work, soclal workers, and best practices. The charlty delivered a reduction in fin3ncial reserves following increasing delivery costs and reduced sponsorship income and lower nomination numbers amid a challenging economic climate. Extra effort is beingtaken to improve sponsorship uptake for2025 and to boost revenue throuEh increased ticket prices for 2025 leveraging on the strong reputation that the Awards has built up over the years.
THE SOCIAL WORK AWARDS LIMITED IA company limlted by guarantee) TRU5TEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance a. Main achlevements of the company The main accompllshments for thls financial year were the delivery of an outstandinE event which made social workers and soclal work teams feel valued and recoEnlsed and provided a platform for them to share their best practlce. Following the success last year, the charity continued to diversify the volces of the independent Judglng panel by Includlng young people with lived experlence. Followlngfeedback from soclal workersandTrustees,the charlty introducedtwo newcategorles for2024: Technology-Enabled Lives & Innovatlon in Practice; and Practitioner-Led Research Award The British Assoclatlon of Social Workers IBASWI were headline sponsor thSs year, The charity also continued to run the 'Thank You, sponsorship tler which allowed an entry polnt to sponsorshlp and the Awards. Thls year the Minister for Chlldren and Famllles, Janet Daby MP attended the Awards and spoke, whlch received great reactlons from guests. In recognltion of the challenglng flnanclal cllmate, the charlty malntained the offer to all flnallsts for a f Ifty percent discount on the general admlsslon tlcket prlce, desplte rlslng suppller costs. This saw an Increase In tlcket sa les and an increase In larger group bookln85, between 8-11 people from the same organisatlon, compared to prevlous years. The charity 8enerated 46 Stems of posStlve regional, natlonal and care sector medla coverage for the Awards overall and stories of Its wlnners, whlch malntalned publlc Interest for several months afterwards. b. Key performance Indlcators The charlty's core work Is to deliver on the charltable objectlves usln8 the mechanlsm of the Soclal Worker of the Year Awards. The Trustees conslder the key performance Indlcators to be: Financlal Income from sponsorshlp and number of sponsors: The charity generated £116,300 Income from 10 sponsors includlng introduclng a Public Sector Sponsor (West Sussex County Council}. This was a fifty per centre reductlon In the number of sponsors from 2023, with local authorities citing f inancial crisls and wider economic issues as the main reason for not sponsoring this year. While ticket sales had Increased, the lack of sponsorship meant the charity had to use reserve funds for the 2024 event, which would not be an option for 2025. Despite efforts to diversify sources of sponsorship and an intense period of actlvity focused on sponsorship, there were seven categories not sponsored lat £9,950 each} for 2024.
THE SOCIAL WORK AWARDS LIMITED (A company limited by Euarantee) TRUSTEES, REPORT ICONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Cost savings were made where possible, for example not having a DJ and negotlatlng prices with regular suppliers. The Board agreed on the importance of securing early sponsorship for 2025. The flnancial future of the Awards was dlscussed at len8th during the Trustees, annual Away Day, where robust actions were agreed to save costs and increase income overall. Thls Included a change of venue from London to Manchester as a cost-savlng alternative. The success of the event In terms of attendance and audlence feedback. The event was well attended by 430 people, an Increase on 2023. In a post-event survey, 99 per cent of attendees rated the Awards 8ood/very good/excellent. Medla coverage and soclal medla engagement achleved. Media coverage reached 9,200,000 people, wlth 46 published artlcles and soclal media achieved 336,143 Impressions through organlc posts on the Awards, Twltterlx and Linkedln account5. A dlverse and enga8ed Judglng panel, Includln8 volces wlth Ilved experlence, from across the country. The ludglng panel was comprlsed of 42 people and was made up of leadlng Industry professionals withln the social work profession, previou5 Social Work Award wlnners and those with Ilved experience of soclal work. The headllne sponsor for 2024 was BASW UK. The Corporate Partner was Sanctuary Personnel. The Category Sponsors were: London Boroughs of Rlchmond and Wandsworth, UNISON, Essex County Council, West Midlands ADASS, Cafcass, Lancashlre and South Cumbrla NHS Foundatlon Trust and West Sussex County Councll. There was Just one thank you sponsor thls year: Gloucestershire County Councll. PLMR Genesls, whlch provldes event management, PR, adminlstratlon and financlal servlces to the charity, donated 41 days, whlch equated to £28,700 In the year. c. Revlew of actlvlties The event was successfully hosted by BBC journallst and presenter Ashley-john Baptlste, who is hlmself care experienced and is well respected and liked by the Social work community. Judging panel participation remalns strong and Increasingly representative of the dlverslty of social work. The charity has been able to facllltate medla Interviews for several of the gold winners which helps to raise the positive profile of social work. The number of articles generated has increased year-on-year and is testament to a detailed and personal approach from the PR agency who takes pride In supporting the charity. A well-attended parliamentary reception with representatives and guests from both sides of the house, gave further recognition and positive promotion of the profession.
THE SOCIAL WORK AWARDS LIMITED (A company Ilmlted by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnancial revlew Golng concern After maklnB appropriate enquirles, the Trustees have a reasonable expectatlon that the company has adequate resources to contlnue in operational existence for the foreseeable future. For this reason, they contlnue to adopt the going concern basis In preparing the financlal statements. b. Reserves poIIcv The trustees wlsh to maintaln a level of reserves for the mitlgation of rlsk. Due to the current cllmate and challenges In securlng sponsorshlp, It has been a8reed that the charlty needs to operate cautlously, Structure• governance and management Constltutlon The Soclal Work Awards Llm Ited Is reglstered as a charltable company Ilmlted by guarantee and was set up by a Memorandum of Assoclatlon. b. Methods of appolntment or electlon of Trustees The management of the company Is the responslbllity ofthe Trustees who are elected and co-opted under the term5 of the Memorandum of Associatlon. The Trustees may at any time appolnt any Indlvldual who is quallfied to be appolnted a5 a Trustee to fill a vacancy In theor number or a5 an addltlonal Trustee. The Trustees have agreed to a rolling recruitment of new Trustees. In the next 12 months, the recruitment of a new Chalr wlll take place as Peter Hay CBE steps down. Flnanclal rlsk Management The Trustees have assessed the major risks to which the company is exposed. Partlcularly those related to the operatlons and flna nces of the company and are satlsfied that systems and procedures are In place to mitigate exposure to the major rlsks. This will contlnue to be reviewed at perlods throughout the year.
THE SOCIAL WORK AWARDS LIMITED (A company limited by guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Plans forfuture development5 The charity aims to contlnue to improve the reputation of the soclal work profession through highli8htlng excellent social work practlce in Its annual Awards cycle, Awards nlght, and Parliamentary Receptlon. The charlty alms to contlnue the success of the Awards, repllcatlng Increased tlcket sales and focussing all efforts towards securln8 previous levels of sponsorship to secure the Awards, flnancial future. In 2025, the headline sponsorshlp with remaln as BASW as per a three-year sponsorship agreement. Work to recrult a new Chalr Is already underway alongslde a rollin8 recrultment of new Trustees, being mlndful of dlversity and needing to reflect the soclal work communlty. Whlle 2024 was the most challenBlng year to date for the charlty, due to wlder economlc Issues affectlng sponsorshlp, the Board of Trustees agreed on the Importance of securlng early sponsorshlp and las of February 2025} actlvlty had already begun to seek Interest, The 2025 Awards wlll also beneflt from a comprehenslve marketlng plan, In addltlon to prevlous marketin8 actions, to promote the charlty and sponsorshlp opportunltles whlle utlllsing the Trustees, essentlal network of contacts.
THE SOCIAL WORK AWARDS LIMITED (A company Ilmited by guarantee} INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent examiner's report to the Trustees of The 5oclal Work Awards Llmlted ('the company,) I report to the charltyTrustees on my examlnation of the accounts of the company for the year ended 31 March 2025. Responslbllltles and basls of report As the Trustees of the company land its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requlrements of the Companies Act 2006 {'the 2006 Act'l. Havlng satlsfled myself that the accounts of the company are not requlred to be audlted under Part 16 of the 2006 Act and are ellglble for Independent examlnatlon, I report In respect of my examSnation of the company's accounts carrled out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrylng out my examinationl have followed the Dlrectlons given by the Charity Commlsslon under sectlon 14515llb) of the 2011 Act. Independent examlner's statement I have completed myexaminatlon. I confirm that no matters have come to my attentlon In connectlon wlth the examlnatlon givlng me cause to believe.. accountlng records were not kept In respect of the company as requlred by sectlon 386 of the 2006 Act; or the accounts do not accord wlth those records; or the accounts do not comply with the accountlng requlrements of section 396 of the 2006 Act other than a ny requirement that the accounts glve a 'true and fair, vlew whlch Is not a matter consldered as part of an independent examination,. or the accounts have not been prepa red in accordance wlth the methods and prlnclples of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financlal Reporting Standard appllcable in the UK and Republic of Ireland {FRS 1021. I have no concerns and have come across no other matters In connection with the examlnation to which attention should be drawn in this report in order to enable a proper understandin8 of the accounts reached. Signed: Dated: Robin Jackson FCA Chartered Accountant Churchgate Accountants Limited 18 Langton Place Bury St Edmunds IP33 INE
THE SOCIAL WORK AWARDS LIMITED (A company limited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 ststement of Trustees, responslblllties The Trustees {who are also the directors of the company for the purposes of company lawl are responslble forpreparin8 the Trustees, Report and the financial statements in accordance with applicable law and United Kin8dom Accounting Standards (United Kin8dom Generally Accepted Accounting Prarticel. Company law requlres the Trustees to prepare financial statements for each financlal year. U nder company law, the Trustees must not approve the financial statements unless they are satisfied that thev Bive 3 true and fair view of the state of affairs of the company and of its incomin8 resources and application of resources, including its income and expenditure, for that period. In preparln8 these f inancial statements, the Trustees are required to.. select suStable accounting policies and then apply them consistently", observe the methods and principles of the Charities SORP; make judgements and accounting estimates thèt are reasonable ènd prudent; state whether applicable UK Accountin8 Standards IFRS 1021 h8ve been followed, subject to any materlal departures disclosed and explained in the flnanclal statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The Trustees are re5ponslble for keepln8 adequate accountlng records that are sufflclent to show and explain the company's transartions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financlal statements comply wlth the Companies Act 2006. They are also responsible for safeguardln8 the assets of the company and hence for taklng reasonable steps for the prevention and detectlon of fraud and other Irre8ularities. Approved by order ofthe members of the board ofTrustees on by: ,and si8ned on their behalf Hay CBE (Chair of Trustees)
THE SOCIAL WORK AWARDS LIMITED (A company limlted by guarantee) STATEMENT OF FINANCIAL AcfiviTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 Unrestrirted funds 2025 Total funds 2025 Total funds 2024 Notes Income from: Charitable activltles 158,525 158,525 158,525 158,525 242,375 242,375 Total Income Expendlture on: Ralsing funds Charitable activities Total expendlture 92,247 148,207 240,454 92,247 148,207 240,454 87,413 154,161 241,574 181,9291 181,929) 801 Net movement In funds Reconclllatlon of funds.. Total fund5 brought forward Net movement In funds 90,222 181,9291 90,222 (81,929) 89,421 801 Total funds carrled forward 8,293 8,293 90,222 The Statement of Flnanclal Actlvltles Included all gains and losses recognlsed In the year. The notes on pages 13 to 18 form part of these flnanclal statements. io-
THE 50CIALWORK AWARDS LIMITED (A company limited by guarantee) BALANCE SHEET AS AT 31 MARCH 2025 2025 2025 2024 2024 Note Flxed assets Current assets Debtors Cash at bank and in hand 27,098 28,792 55,890 108,686 76,265 184,951 11 Creditors: amounts falllng due wlthln one year io 147,5971 194,729) Net current assets 8,293 90,222 Total assets less current Ilabllltles 8,293 90,222 Net assets excludln8 penslon asset 8,293 90,222 Total net assets 8,293 90.222 Charlty funds Restricted funds Unrestrlcted funds 12 12 8,293 90,222 Total funds 8,293 90,222 li-
THE SOCIAL WORK AWARDS LIMITED (A company limited by guarantee) BALINCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The company was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustee5 acknowled8e their responslbilities for complying with the requirements of the Act with respect to accountin8 records and preparatlon of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. The financial statements were approved and authorlsed for issue by the Trustees on Signed on their behalf by.. and Peter Hay CBE IDirectorl The notes on pa8es 13 to 18 form part of these financial statements. 12-
THE SOCIAL WORK AWARDS LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General information The Social WorkAwards is a charity, incorporated a5 a Ilmlted company In England and Wales wlth liability limited by guarantee. Its registratlon number at Companies House is 07581130 and with the Charity Commlssioners 1144458. Its reglstered offlce Is situated at 51 Princes Street, Ipswich, IPI IUR. Ac¢ountln8 pollcle5 2.1 Bas15 of preparatlon of financlal Statements The financial statements have been prepared In accordance wlth the Charltles SORP IFRS 1021 Accountin8 and Reporting by Charities: Statement of Recommended Practlce applicable to charities preparing thelr accounts In accordance wlth the Flnanclal Reportin8 Standard applicable In the UK and Republlc of Ireland {FRS 102} leffectlve l January 2015}, the Flnanclal Reporting Standard applicable In the UK and Republlc of Ireland IFRS 102) and the Companles Act 2006. The Trustees have reasonable expectation that the company has adequate resources to contlnue in operatlonal exlstence for the foreseeable future, therefore the accounts have been prepared on a golng concern basls. The Soclal Work Awards Llmited meets the deflnltlon of a publlc beneflt entlty under FRS 102. Assets and Ilabllltles are Inltlally recognised at hlstorical cost or transaction value unle55 Otherwlse stated In the relevant accountin8 poIIcy. 2.2 Income All Income is recognlsed once the company has entltlement to the Income, It Is probable that the Income will be recelved and the amount of Income recelvable can be measured rellably. 2.3 Expendlture Expendlture is recognlsed once there is a legal or constructlve obligatlon to transfer economic benefit to a thlrd party, it is probable that a transfer of economic benef its will be requlred in settlement and the amount of the obligatlon can be measured reliablv. Expendlture is classlfled by activity. The costs of each activity are made up of the total of dlrect costs and shared costs, Includlng support costs Involved In undertaking each actlvlty. Direct costs attributable to a single activity are allocated directly to that activitv. Shared costs which contribute to more than one actlvity and support costs which are not attributable to a sin8le actlvlty are apportioned between those actlvlties on a basls conslstent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure Incurred by the company to raise funds for its charitable purposes and includes costs of all fundraisin8 activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which furtherthe company's objectives, as well as anyassociated support costs. 13-
THE SOCIAL WORK AWARDS LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.4 Debtors Trade and other debtors are recognised at the settlement amount after any trade dlscount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.5 Cash at bank and In hand Cash at bank and in hand Includes cash and short-term highly liquld investments with a short maturity of three months or less from the date of acquisltion or openlng of the deposit or simllar account. 2.6 Llabllltles and provlslons Llabllltles are recognised when there Is an obllgatlon at the Balance sheet date as a result of a past event, It Is probable that a transfer of economic beneflt wlll be requlred In settlement, and the amount of the settlement can be estimated rellably. Llabllltles are recognlsed at the amount that the company antlclpates It wlll pay to settle the debt or the amount It has received a5 advanced payments for the goods or servlces It must provlde. Provisions are measured at the best estlmate of the amounts requlred to settle the obligatlon. Where the effect of the tlme value of money Is materlal, the provlslon Is based on the present value of those amounts, discounted at the pre.tax dlscount rate that reflects the rlsks specific to the liabllity. The unwindlng of the dSscount Is recognised In the Statement of Flnanclal Actlvities as a flnance cost. 2.7 Flnanclal Instruments The company only has flnancl31 assets and flnanclal Ilablllties of a kind that qualify as baslc financlal Instruments. Baslc flna ncial Instruments are Inltially recognised at transactlon value and subsequently measured at thelr settlement value with the exception of bank loans whlch are subsequently measured at amortlsed cost using the effective Interest method. 2.8 Fund accountlng General funds are unrestricted funds which are avallable for use at the discretion of the Trustees In furtherance of the general objectives of the company and whlch have not been deslBnated for other purposes, 14-
THE SOCIAL WORK AWARDS LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from charltable actlvitle5 Unrestrlrted funds 2025 Total funds 2025 Total funds 2024 Sponsorshlp Ticket sales Total 2025 116,300 42,225 158,525 116,300 42,225 158,525 206,450 35,925 242,375 Total 2024 242,375 242,375 Expendlture on ralslng funds Cost of ralslng voluntary Income Unrestrlrted funds 2025 Total funds 2025 Total funds 2024 Event organlsatlon PR and awards Design and prlnt 40,600 42,000 9,647 40,600 42,000 9,647 42,000 33,600 11,813 Total 2025 92,247 92,247 87,413 Total 2024 87,413 87,413 15-
THE SOCIAL WORK AWARDS LIMITED (A company limited bv Euarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysls of expendlture on charltable actlvities Summary by fund type Unrestrlcted funds 2025 Total funds 2025 Total funds 2024 Charitable actlvities 148,207 148,207 154,161 Total 2024 154,161 154,161 Analysls of expendlture by artlvltles Actlvltles Undertaken Dlrertly 2025 Support Costs 2025 Total Funds 2025 Total Fund5 2024 Charltable actlvlties 114,207 34,000 148.207 154,161 Total 2024 122,099 32,062 154,161 Analysls of support Costs Charitable Actlvities 2025 Total Funds 2025 Total Funds 2024 Administration and governance Computer costs Accountancy 31,400 800 1,800 31,400 800 1,800 28,870 1,652 1,540 34,000 34,000 32,062 Total 2024 32,062 32.062 16-
THE SOCIAL WORK AWARDS LIMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Independent examlnerfs remuneratlon The independent examiner's remuneratlon amounts to an independent examlner fee of £1,80012024 -£1,540). Trustees, remuneratlon and expense5 Durin8 the year, no Trustees recelved any remuneration or other beneflts (2024 -£NIL). Durlngthe year, no Trustees recelved any travel expenses (2024- £NIL). Debtors 2025 2024 Due wlthln one year Other debtors Prepayment and accrued Income 17,804 9,294 29,405 79,281 27,098 108.686 10. Credltors: Amounts falllng due wlthln one year 2025 2024 Trade credltors Accruals and deferred Income 35,847 11,550 73,289 21,440 47,397 94,729 11. Flnanclal Instruments 2025 2024 Financial assets Financial assets measured at fair value through Income and expenditure 28,792 76,265 Financial assets measured at fair value through income and expenditure comprise bank balances. 17-
THE SOCIAL WORK AWARDS LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Statement of funds statement of funds- current year Balance at 31 March 2025 Balance at I Aprll 2024 Income Expendlture Unrestr5cted funds General funds 90,222 158,525 1240,454} 8,293 Statement of funds- prlor year Balance at 31 March 2024 Balance at I April 2023 Income Expendlture Unrestrlcted funds General funds 89,421 242,375 1241,574} 90,222 13. Analysls of net assets between funds Analy51s of net assets between funds- current perlod Unrestrlcted Fund5 2025 Total funds 2025 Current assets Creditors due within one year 55,890 {47,597} 55,890 {47,597} Total 8,293 8,293 Analysls of net assets between funds- prlor perlod Unrestricted Funds 2024 Total funds 2024 Current assets Creditors due within one year 184,951 194,7291 184,951 194,7291 Total 90,222 90,222 18-