## **Trustees’ Annual Report for the period** ## **From 01.04.24 Period start date To 31.03.25 Period end date** ## **Charity name: netWork Charity** ## **Charity registration number: 1197550** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The objects of the CIO are to advance in life and
help young people through the provision of
support and actvites which develop their skills,
capacites and capabilites to enable them to
partcipate in society as independent and
responsible individuals by all charitable means
according to the laws of England and Wales,
including without limitaton by providing young
people with work placements and professional
mentoringopportunites.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|netWork carries out its purposes by providing
motvatng, high quality work experience
placements and career/ business speakers to
students at state schools and sixth-form colleges
which have higher than natonal average
disadvantaged pupils (as measured by the
school’s Pupil Premium). netWork delivers a
free, practcal service to support students
regarding their career and higher educaton skills
and capabilites and advance their work life
opportunites by seeking out and setng 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 contributon.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|We declare that all charity trustees have regard
to the guidance issued by the Charity
Commission on public beneft| ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference **No Grants involved (n/a)** Para 1.38 Policy on grant making **n/a** Para 1.38 Policy on social investment including program related investment **n/a** Para 1.38 Contribution made by volunteers **n/a** Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|During the last year, netWork has expanded the
number of schools & host companies it works
with and increased the number of students it
has helped. Whilst considering the Charity
Commission’s guidance on public beneft,
netWork placed 22 students this year in a variety
of businesses including advertsing, insurance,
journalism and healthcare communicatons. As
a direct result of connectng these young people
with companies, we have both improved the
students’ workplace confdence, career ambiton
and employment prospects. These placements
also assisted the organisatons’ diverse
recruitment programme.
The feedback we have received from students
contnues to demonstrate that our placements
have broadened their understanding and
experience of the workplace and provided
motvaton and ambiton.
Here is feedback from one of our students:,
Pritesh who had work experience in an
insurance company:
“_I would like to thank you for the effort that_
_you have put in to help me during my work_| _experience placement. I have found this experience very beneficial, and I have learnt a lot of things that I wouldn’t have known without this. I particularly enjoyed how welcomed I was into the finance team, and into the company, through the conversations we had, related and unrelated to work. Through this, I was able to gain a deeper understanding of the different aspects in finance, enabling me to understand and differentiate the different roles that there are. This made a big difference in guiding me towards a career, and now I feel quite experienced in the sector of finance. Katy was especially helpful and really helped me with this; by thoroughly clarifying the different roles I can do in finance, and guiding me within this week, which I am very grateful for. I found areas like tax, claims, accounts payable and reporting interesting, as I was able to gain a better understanding of the work finance does, and I can see myself working in this specific field later. Something I really valued was seeing how the teams work together and the different roles there are within finance. Leaving this experience, I feel more motivated and excited to work in finance (or even Munich). Another thing I really appreciated was learning more about the different routes to enter finance, and this experience enabled me to identify and clarify the different paths towards this sector. For example, Jacob and Sam showed me that I do not have to take the generic way to enter finance, which really helped me especially since I am about to enter the next stage of my education, where I make important decisions about my university and career options. Everyone was very kind, approachable and supportive which really elevated my experience this week! I loved the sense of community there was in the finance team, especially since this is my first proper time being in an ‘officey’ and corporate environment, and I loved the snacks that were conveniently placed near my desk.”_ Here follows Sara’s feedback from her insurance company placement: “ _I really enjoyed my time at MunichRE! It was really insightful to meet an entire team_ |||_and to specialise in IT especially since it’s an_
_area I’ve never thought of working in. Whilst_
_I did find the tasks difficult at first, it was_
_really useful to learn how to adapt and be_
_proactive with my tasks. Working alongside_
_my manager and joining in with her work_
_was super exciting and taught me how to_
_keep to schedule and communicate_
_effectively._
_Overall, the week was amazing. Thank you_
_for helping to arrange this opportunity!”_
Barakat give this feedback from their Healthcare
company placement:
_“Thank you for making my two weeks at_
_NexGen really enjoyable! I appreciated how_
_you organised different sessions with as_
_many people from scientific services, client_
_services, and other areas of the business,_
_despite everyone being so busy._
_It was great to be able to shadow different_
_people and then get the opportunity to_
_complete some tasks myself. This was really_
_helpful as it gave me a great insight into_
_what the role of a medical communications_
_agency is in healthcare, and the different_
_roles that exist within a medcomms agency._
_Everyone was also so welcoming and did_
_their best to involve me in the team, which_
_made a big difference._
_My time at NexGen was so lovely - I miss it_
_already. Thank you for such a wonderful and_
_unforgettable experience_
.”
Morayo gave this feedback from her
experience at Aviva:
“_My thoughts of Aviva is that they are a_
_friendly yet professional company. The_
_warmth and generosity of the team left a_
_lasting impression which I am incredibly_
_grateful for. It also opened my eyes to how_
_diverse the insurance industry in jobs._
_3) I had an amazing work experience_
_placement. The only thing I would possibly_
_change is having it as 5-days instead of 4._
_This is so that the sessions can be stretched_
_across a few more days so that it is a less_
_intense process._
_2) One of my highlights was visiting the_
_Llyods of London building. It was an_
_incredible opportunity to see the rich_
_economic history of the country and it was_
_an invaluable experience. Another highlight_
_was sitting in on the meeting for Salon Prive._
_This was an interesting experience as it_
_helped me to understand the intricate_
_planning which is needed to carry out such a_| |---|---|---| _large scale event. I also enjoyed my meeting with a surveyor. This is because the job role interested me, despite not having any knowledge of it previously. 1) When shadowing underwriters I learned about the phoenix system. Part of this involved looking at both motor and home insurance. This led to me understanding the value of different properties. I also learned what things are likely to be insured (e.g classic cars stored away in a private garage) and things that are unlikely to be insured (e.g expensive street-parked land rovers). When shadowing claims I learned about the process of claiming insurance and the investigations that must take place in order for this to happen. When shadowing sales, I learned about the communication skills that are needed. I also found out that selfconfidence is a major part of the role. Shadowing marketing taught me the importance of truly understanding what you're selling in order to make the message clear for the clients.”_ Here is a selection of shorter quotes from some other students: “ _thank you for the opportunity to have this week at Lockton’s. It was very useful and informative and I enjoyed a lot.” “it has been really interesting and unique. I had the opportunity to visit an law firm and sit on a meeting which was amazing.”_ “ _I thought the structure of the week was effective, I really enjoyed the trip to LLoyds and being given an independent project to carry out as it helped to develop my research skills.”_ These quotes demonstrate how netWork’s placements have introduced students to areas of work they have had no prior knowledge of and expanded their horizons as to future career choices. Several students subsequently applied for internship or apprenticeships at their placement company. In the last year, we have developed and expanded the number of schools and colleges we work with – 5 in total. We have continued to work closely with schools on their careers’ programmes and introduced them to areas of industry they are not familiar or do not have cindustry contacts with We have also expanded the number of host companies we work with to 6. In summary, netWork has continued to create and develop opportunities in the workplace environment for a number of students who are now more confident and able to work through their career options whilst simultaneously raising the bar of their own expectations and ambition. Thus promoting a positive outlook for their future work possibilities. ## **Additional information (optional)** |**Additional information (optional)**|**Additional information (optional)**|**Additional information (optional)**| |---|---|---| |You may choose to include further statements where relevant about:||| |Achievements against
objectives set|Para 1.41|**The trustees are confident netWork has**
**met its objectives as set out in its**
**governing document.**| |Performance of fundraising
activities against objectives
set|Para 1.41|**n/a**| |Investment performance
against objectives|Para 1.41|**n/a**| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**n/a no money involved – see Receipts**
**and Payments Accounts submitted to the**
**Charity Commission**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**n/a**| |Amount of reserves held|Para 1.22|**n/a**| |Reasons for holding zero
reserves|Para 1.22|**n/a**| |Details of fund materially in
deficit|Para 1.24|**n/a**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**n/a**| **Additional information (optional)** You may choose to include further statements where relevant about: |
The charity’s principal
sources of funds (including
any fundraising)|
Para 1.47|
**No funds**| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|**n/a**| |A description of the principal
risks facing the charity|Para 1.46|**n/a**| |Other||**n/a**| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**Constitution**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**CIO**| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|**Appointment by resolution of trustees**| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |
Policies and procedures
adopted for the induction and
training of trustees|
Para 1.51|
The trustees will make available to each new
trustee on his or her appointment a copy of the
current version of the charity’s consttuton and
a copy of the CIO’s latest trustees’ annual report
and statement of accounts.
**The following policy documents which**
**were submitted with last year’s report,**
**have remained unchanged. Please see**
**last year’s report for reference.**| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|netWork Charity| |---|---| |Other name the charity uses|| |Registered charity number|1197550| |Charity’s principal address|New Quadrant Partners
25 Bury Street
London SW1Y 6AL| ||| ## **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|Trustee and
Safeguardinglead||| ||EmilyCooper|Trustee||| ||Lucinda Cox|Trustee and Deputy
Safeguardinglead||| ||Rebecca Redding|Trustee||| ||Irina Vallance|Trustee and Chair||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name n/a** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |**n/a**||| |||| |||| |||| |||| |||| ## **Funds held as custodian trustees on behalf of others** Description of the assets None held in this capacity Name and objects of the n/a charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for n/a safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**|**Name**|**Address**| |---|---|---| |**adviser**||| ## **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details **n/a** ## **Other optional information** **n/a** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Irina Vallance **Position (eg Secretary,** Chair **Chair, etc)** **Date** 20[th] January 2026 CHARITY COMMISSION FOR ENGLAND AND WALES ork- Receipts and payments accounts CC16a Forthe period from To 01.0 31.03.2r Section A Receipts and payments Unrestricted funds Endowment funds to r*arèst £ Restricted funds Total funds Last yèar 10 nfror8st£ to tho rnarest £ A1 Recel ts Sub total(Gross inuxime forARJ A2 Asset and investment sales, see table . Sub total Totalrecelpts A3Pa ments Sub total 20101r2026 CCXX R1 8CC4)unts ISS) A4 Asset and Investment purchases, (see table) Sub total Totalpayments Net of recelpts/(payments) A5 Transfers between funds A6 Cash funds last yearend Cash funds thls year end Section B Statement of assets and liabilities at the end of the period Unrestricted funds to rnar8st £ Restricted f unds Endowment funds to nBargst £ Categories Details to noar8st £ B1 Cash funds Total cash funds Unrestrlcted funds to rnarost t Restricted funds Endowment funds to rnar*$t £ Dètalls to rnar95t £ B2 Other monetary assets CCXX R2 accx)unts ISS) 2010112026 C￿t IWl¢Yo11 Oxr•rt ¥•lu• Detalls B3 Invèstment assets za#a RThl to whteh aA￿t b8lLry5 OJrr•nt valu• Detalls B4 Assets relalned for Ihe charlty's use hJOtsJ Furxl to wNch IlaE411ty rglatos Details (r4)￿r￿all B5 Uabllltlès ShJned by one or t￿1 trustees on behall of 811 the trustees S4qnalur& Prlnl Name Dale of approval 12IHA rfALLtrItt (b 10, 01.16 CCXX R3 ac£¥)unt8 (SS) 20.0 2010112026