Company registration number.. CE031482 Charity ￿giStratIon number.. 1202056 NEW VENTURES WORLDWIDE CIO TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 New Ventures Worldwide Cio Contents Page Trustees, Report Independent Examiner's Report Statement of Financial Activities {induding Income and Expenditure Account) Balance Sheet Notes to the Financial Statements The following pages do not form part of the stalutory accounts.. Detailed Statement of Financial Activities (including Income and Expenditure Account) io New Ventures Worldwide Cio Company No. CE031482 Trustees. Report For The Year Ended 31 March 2025 The trustees present their report and the financial statements for the year ended 31 March 2025. Objectives and Activities Alm$ ObJe¢tlve$ Th& advancement of education of people, predominantly young peopl&, from both the UK and other countries, by organising, administering, and supplying information about voluntary service work and other relevant activities, in the UK, aimed at promoting, improving and advancing their education and their personal and professional development, as Individuals and members of society. NVW CIO charges each participants a fee to cover the following.. Marketing and recruitment Application and interview process Placement Identification and matching Pre-departure information, advice and guidance. including Temporary Work - Charity Worker visa sponsorship On placÈmÈnt supptsrt, V15it5 and èvaluation. Public Benefit The charity recruited and placed 59 young people as volunteers in the UK during the 2024125 financial year {40 in 20231241. Gender Female 40 Mole 18 Transgender I Age 18 to 20 years 44 21 to 25 years 9 26to306 Natlonallty Australia 4 Colornbia 4 Ecuador 26 France L German 20 New Zealand 2 Morocco I Venezuela I Placement Type Outdoor Camp Assistant 42 School Assistant 9 Assistant Youth Worker 4 Community Volunteer 5 Placement length 3 months 3 6 months 13 12 month5 43 Outcome Completed 51 Left Early 8 Early Leaver reason Personal health 2 Personal family issues I Chose to finish early 5 The twstees conflrm that they have Complied with the requirements of Sectyon 17 of the Charitles Act 2011 to have due regard to the Charity Commission s guidance ori public benefit. Page I New Ventures Worldwide Cio Trustees. Report (continued) For The Year Ended 31 March 2025 Reference and Admlnlstratlve Detalls Trustees I H5ieh A Gregory C Fawcett Charity Number 1202056 Company Number CE031482 Prlnclpal Address 8 Lind Street Ryde P033 2NQ Registered Office 8 Lind Street Ryde P033 2NQ Independent Examiner Juliette Tompson Accounting Limited CIMA Juliette Tompson Accounting Limited CIMA 23 Prospect Street Caversham Reading BERKS RG4 81B Page 2 New Ventures Worldwide Cio Trustees. Report (continued) For The Year Ended 31 March 2025 Small Company Rules This report has been prepared in accordance with the speaal provisions relating to companies subject to the small companies regime within Part 15 of the Companie5 Act 2006. The trustees, report was approved by the board of trustees and signed on its behalf by.. C Fawcett Trustee 3010112026 Page 3 New Ventures Worldwide Cio Independent Examiner's Report to the Trustees of New Ventures Worldwide Cio For The Year Ended 31 March 2025 I ￿port to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responslbllltles and Basls of Report As the charity trustees of the Company land also its directors for the purposes of company lawl, you are responsible for the preparation of the accounts In accordance wlth the requlrements of the Companles Act 2006 1.the 2006 Act"). Having s8tisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. l. accounting records were not kept in respect of the Cornpany as required by section 386 of the 2006 Act,. or 2. the accounts do not accord with those records, or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Prartice for accounting and reporting by charities applicable to charities preparing their accounts In accordance with the Financial Reporting Staridard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attentlon should be drnwn in this report in order to enable a proper understanding of the accounts to be reached. juliette Tompson Accounting Limited CIMA 3010112026 23 Prospect Street Caver5ham Reading BERKS RG4 8JB Page 4 New Ventures Worldwide Cio Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2025 2024 Unrestricted Unrestricted funds funds Notes INCOME AND ENDOWMENTS FROM: Charitable activities.. The Advancement of Education of Young People 69,502 39,547 EXPENDITURE ON: Charitable activities.. The Advancement of Education of Young People 154,1281 136,5541 NET INCOME 15,374 2,993 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward 15,374 2,993 2,993 TOTAL FUNDS CARRIED FORWARD 18,367 2,993 The notes on pages 7 to 9 form part of these financial statements. Page 5 New Ventures Worldwide Cio Balance Sheet As At 31 March 2025 2025 2024 Un￿$trI￿e funds Total funds Notes CURRENT ASSETS D&btors Cash at bank and in hand 5,049 13,818 909 2,084 18,867 2,993 Creditors: Amounts Falling Due Within One Year 15001 NET CURRENT ASSETS (LIABILITIES) 18,367 2,993 TOTAL ASSETS LESS CURRENT LIABILMES 18,367 2,993 NET ASSETS 18,367 2,993 FUNDS OF THE CHARITY Unrestricteé Funds 18,367 2,993 TOTAL FUNDS 18,367 2,993 For the year ending 31 March 2025 the charitable company was entitled to exemption from audit under section 477 of the Cotnpanies Act 2006 relating to Small companies. The members have not requlred the charltable company to obtaln an audlt In accordance wlth sectlon 476 of the Companles Act 2006. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. On behalf of the board C Fawcett Trustee 3010112026 The notes on pages 7 to 9 forrn p8rt of these financial statements. Page 6 New Ventures Worldwide Cio Notes to the Financial Statements For The Year Ended 31 March 2025 l. General Informatlon New Ventures Worldwide Cio is a company limited by guarantee. incorporated in England & Wales, registered number CE031482 and ￿giStered charity number 1202056. The registered office is 8 Lind Street, Ryde, P033 2NQ. 2. A¢¢ountlng Poll¢le$ 2.1. Basls of Preparatlon of Flnanclal Statements The financial Statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reportlng by Charitles.. Statement of Recommended Practice applicable to charitles preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20191" Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Art 2006. The charitable company is a Public Benefit Entity as defined by FRS 102. 2.2. Incoming Resources The policy is to build and maintain reserves to cover at least 3 months of expenditu￿. 2.3. Resources Expended The CIO operates a pollcy of uslng subcontrartors with agreed fixed fees per head to ensure costs are managed at a programrne level. 2.4. Cash and Cash Equivalents Cash and cash equivalents are basic financial assets and include cash in hand and dep051ts held at call with bank5, other short-term highly liquid Investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. 3. Anatysis of Expenditure 2025 Activities undertaken directly Support costs (see note 41 Total The Advancement of Education of Young People 50,048 4,080 54,128 2024 Actlvltles undertaken directly Support costs (see note 41 Total The Advancement of Education of Young People 30,195 6,359 36,554 4. Support Costs 2025 The Advancement of Education of Young People General administration Interest payable Governance costs 2,033 1,547 500 4,080 Page 7 New Ventures Worldwide Cio Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 2024 The Advancement of Education of Young People General administration Interest payable 4,970 1,389 6,359 5. Independent Examiner's Remuneration 2025 2024 Independent examination of the financial statements 500 6. Average Number of Employees Average number of employee5 during the year was.. 1 12024.. 11 7. Debtors 2025 2024 Due wlthln one year T￿de debtors 5,049 909 8. Creditors: Amounts Falling Due Within One Year 2025 2024 Accruals and deferred income 500 9. Movement in Funds As at l Aprll 2024 A$at31 Expenditure March 2025 Income Unrestricted funds Gener31.. General Ljnrestricted fund 2,993 69,502 154,128) 18,367 Total funds 2,993 69,502 154,128) 18,367 As at l April 2023 Asat31 Expenditure March 2024 Income Unrestricted funds General.. General Ljnrestricted fund 39,547 136,554) 2,993 Total funds 39,547 136,554) 2,993 Page 8 New Ventures Worldwide Cio Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 10. Transactlons wlth Trustees During the ye3r the expenses reirnbursed to the trustees or paid directly to third parties were as follows.. 2025 2024 11. Related Party Dis¢lo$ure$ 12. Company limited by guarantee The company is limited by guarantee and has no share capital. Every rnember of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be reouired not exceeding £1. Page 9 New Ventures Worldwide Cio Detailed Statement of Financial Activities (includin9 Income and Expenditure Account) For The Year Ended 31 March 2025 2025 2024 Total funds Total funds INCOME AND ENDOWMENTS FROM: Charitable Activities: The Advancement of Education of Young People Income from charitabl& artivities 69,502 39,547 69,502 39,547 69,502 39,547 EXPENDITURE ON.. Charitable Activities: The Advancement of Education of Young People Hosting Costs Subcontractor costs 12,145) 147,903) 12,0331 (1501 130,0451 11,5201 13,4501 11,3891 Insurance Advertising and marketing costs Bank charges Independent examiner'5 fees 11,5471 15001 154,1281 136,5541 154,1281 136,5541 NET INCOME 15,374 2,993 Page 10