## **Trustees' Annual Report for the period** Period start date Period end date Day Month Year Day Month Year **From 18** January **2022 To** 17 January 2023 ## Section A Reference and administration details **Charity name** netWork Charity **Other names charity is known by** N/A **Registered charity number (if any)** 1197550 **Charity's principal address** New Quadrant Partners 1st Floor Holborn Gate 330 High Holborn, London **Postcode WC1V 7PP** ## **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Sarah Bagley||18 January2022|| ||EmilyCooper||18 January2022|| ||Lucinda Cox||18 January2022|| ||Rebecca Redding||18 January2022|| ||Irina Vallance||18 January2022|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ## **Names of the trustees for the charity, if any, (for example, any custodian trustees)** **Name Dates acted if not for whole year** March **2012** **TAR** 1 **Names and addresses of advisers (Optional information) Type of adviser Name Address Name of chief executive or names of senior staff members (Optional information)** ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** Type of governing document[Constitution] - (eg. trust deed, constitution) How the charity is constituted (eg. trust, association, company)[CIO] Trustee selection methods - (eg. appointed by, elected by)[Appointment by resolution of trustees] ## **Additional governance issues (Optional information)** You **may choose** to include additional information, where relevant, about: The trustees will make available to each new trustee on his or her appointment a copy of the current version of the charity’s constitution and a copy of the CIO’s latest trustees’ annual report and statement of accounts. - policies and procedures adopted for the induction and training of trustees; - training of trustees; Attached to this annual report are the following charity policy documents: Safeguarding Policy - the charity’s organisational Privacy Notice - structure and any wider Data Protection Policy - network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. ## **Section C Objectives and activities** **Summary of the objects of the charity set out in its governing document** The objects of the CIO are to advance in life and help young people through the provision of support and activities which develop their skills, capacities and capabilities to enable them to participate in society as independent and responsible individuals by all charitable means according to the laws of England and Wales, including without limitation by providing young people with work placements and professional mentoring opportunities. March **2012** **TAR** 2 **Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)** netWork carries out its purposes by providing motivating, high quality work experience placements and career/ business speakers to students at state schools and sixth-form colleges which have higher than national average disadvantaged pupils (as measured by the school’s Pupil Premium). netWork delivers a free, practical service to support students regarding their career and higher education skills and capabilities and advance their work life opportunities by seeking out and setting up work experience and specialist speakers. Delivering this service requires netWork to work with schools and business supporters to establish and develop relevant work placements and speakers/ mentors. To ensure netWork’s purposes are met, we also advise and support the students and business hosts and monitor and evaluate the delivery of that work experience or speaker contribution. We declare that all charity trustees have regard to the guidance issued by the Charity Commission on public benefit. ## **Additional details of objectives and activities (Optional information)** You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. March **2012** **TAR** 3 Section D Achievements and performance **Summary of the main achievements of the charity during the year** During the last year, whilst considering the Charity Commission’s guidance on public benefit, netWork has placed 12 students in a variety of businesses including advertising, insurance, journalism and physiotherapy. As a direct result of connecting these young people with companies, we have both improved the students’ employment prospects and assisted the organisations’ diverse recruitment programme. The feedback we have received from students has demonstrated that the work placements have broadened their understanding and experience of the workplace. One student wrote “being able to learn in an office setting gave me a sense of what it’s like to work in a professional work environment, which was incredibly useful in deciding what I want to do in the future”. The arranged placements have introduced students to areas of work they have had no prior knowledge of and expanded their horizons as to future career choices. On the back of her placement at an insurance company, one student who had been considering a career in banking, has made the decision to pursue a career in insurance. She went on to do a second virtual work experience in the insurance industry and make applications for apprenticeships. The placements have also improved students’ performances at their schools/ colleges. A member of staff reported that participation in the work placement arranged for one of his students, had significantly improved his academic approach and commitment. The success of the placements has been reflected in encouraging feedback from both students and organisations. Students have received individual praise from their mentors. One mentor wrote of his student “he really broke the mould for me and the wider team and I can categorically say he was the best student we’ve seen”. A student from an advertising work placement was so highly praised that she was offered a job once she has completed her tertiary education. In the last year, we have expanded the number of state schools/ colleges we work with and continued our work with existing schools, developing and expanding the scope of our work with them. As well as continuing to arrange work placements for their students, netWork has worked closely with schools on their careers’ programmes and introduced them to areas of industry they are not familiar with through presentations at internal career events. In summary, netWork has opened the workplace environment for a number of young people who are now more confident and able to work through their career options whilst simultaneously raising the bar of their own expectations. March **2012** **TAR** 4 ## **Section E Financial review** **Brief statement of the charity’s policy on reserves** The charity has no reserves. **Details of any funds materially** N/A (see above) **in deficit** ## **Further financial review details (Optional information)** You **may choose** to include N/A (see above) additional information, where relevant about: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - investment policy and objectives including any ethical investment policy adopted. ## **Section F Other optional information** N/A ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** **Full name(s)** Rebecca Redding **Position (eg Secretary, Chair,** Trustee **etc) Date** March **2012** **TAR** 5 CHARITY COMMISSION FOR ENGLAND AND WALES orl< C Receipts and payments accounts ri 11trSSQ CC16a Forlhe perfod from 18 Janua 2022 17 January 20223 Section A Recei ts and pa ments Unrn$trf¢l¢d lund R•itrfcted fund8 Endowmanl lunds lo È Total funds to ts n•11￿¢ ¢ to IhTr M•r•it £ A1 R•c•l t8 Sub total(Gross incom8 lorAR) A2 Asset and Inv••¢fflent 8ale•, 8•0 tabl• Sub total Tot•1 rncelpts A3Pa rnontB Sub total A4 ASS￿ and Invgstm•nt pur¢ha8••, Isee tablo) Sub total Totalpaymenls Not of re¢•lptslp&yments) A5 Transfern between funds A6 Cash lund8 IB8t ygar ond Cash funds Ihls y••r •nd Section B Statement of assets and liabilities at the end of the period Un￿$t￿CtOd lunds to r*ar•&i f Restricted fundj Endowment funds to w•Jt £ Categories to n••rq•t t 81 Ca$hfvnds Totalcash funds CCXX R1 ocjxsunls ISSI Unre•trf¢t•d fund$ to £ R•8trt¢t•d fund8 Endowm•n¢ lund• its nMr••t £ to rnwr•*f £ IA FWO io ¥vhlch aAMt &wr•rt y￿ul Drtill-. 83 Inv•8tm•nt a•8et• Furnl to wN¢h 41••1 Cwr•rt v•1 Dptylly 84 A$s•t• r•tsln•d for th• ¢harlty'i own F￿1 lo wN¢h Y￿n* loptlornl) 85 U•bllStlo1, Swaned by one orts￿ InJst88$ on behaw of all Iho tnJul8¢$ Sgngture Print Nam8 Date ol appioval I RiAJ+* Uc 2?,ID.L3 CCXX R2 a¢oJunts ISSI 2311012023