Company registraiTon number. 02037412
Charity reglstration number.. 295237
Network For Social Change Charitable Trust
(A company limitad by guarantee)
Annual Rgport and Finanual Statem8ntS
forthe Year Ended 31 August 2024
WESTCOTTS
¢HA*TERtD A¢eOIJMTANTJ
4 IULIIN551 ADVILIEftS

N?twork For Soclal Chango Charitabl• Trust
Contonts
ReferenGe and Administraliva Detalls
Trustees, Report
2to11
Ind8pendent Auditors, Report
12to15
statement of Financial Actl￿be$
18
Bdancg Sh8et
17
Stslament of Cash Flows
18
Notes to the Financial Statwnents
19to30

Network For Social Chang• Charitablè Trust
R8ference and Adrninistrative Detalls
Trustees:
G Howarth
R Mans6r (resigned 18 February 2024)
M B Tucker (rèsigned 16 February 2024)
C Freeman
P Horrocks
H Wingfield lappoinled 18 February 20241
H Currey lappoinled 18 February 2024}
A Sthrfl (resigned 31 October 2023)
Secretary
C Freeman
Charfty Registration Numbor
295237
Company Rgglstration Numbèr 02037412
The charity is incorporated in England and Wales.
2&28 South&mhay East
Exeter
Dèvon
EX1 1NS
Replstered Offi
Audltor
Westo)tts {SW) LLP
Statutory Auditor
47 Boutport Str¢•t
Bamstaple
Devon
EX311SQ
Page 1

Network For Social Chango Charitable Trust
Trustees. R•port
The trustses, who Ore directors for the purposes of company law, p￿sent the annual report together
WTth the financial statemènts and auditors, report of the charttable company for the year ended 31
Auguyt 2024.
tfvg
viti•
Gonwal obi•ctfvoS
The obj8ctNes of NSCCT are lo dl8lribule funds raised through its members in furtherance or
advancement or for the benefft of those chayltle$, ¢harf(able instilubons, or charrtable purposes that
Iha Trustses of the wmpany shall in their abscAute discrètion seled and Ihink fft.
Publlc b•nefft
The Chartty continue8 to make grants to charities, organisalions wrfh charitable obje¢tivas and
charTtable purposes. The Truste9$ confirm that they have considered the Charrty Comm1$8ion's
guidance on public benefft 8nd the Charity Commission's updated guidance on Trustee$,
rèsponsibilitses when reviewing the charttls aims and objedlve$ and in planning future aGtmt￿ and
Setting the grant making policy foT the year.
Main obl•ctlve¥ lor th• yèar
Spèofic objectives for the year were lo continue to support the long-l&mi Major Projects (running over
several y8arsl-, lo make annual awards foT new projacts proposed by th8 six tOPiC-based Pools (Arts &
Education for Change, E¢xJnomic Justice, Green Planet. Heatth Justice, Human Rights, and P¥a¢el
and to make smaller awards for Fast Track funding projects proposed by iThJiMdual rnembers.
Stratsgles for achlovlng Msccf¥ stst•d ob￿ctIve
Most fund5 are raised at the NSCCTS Conferences in February and SeptemberlOctob&r each year,
which are attended by about 80 of NSCCT'S 111 members, athough members not attending the
conferènce also contrTbtrtg lo the ￿ndS that ar8 raised. Nsccf$ strategy is based on thg
involvemant, partiCspab"on. and generosty of 115 members, ￿￿tr8d 8rounO thasa conferences. Some
further funds afa taised Iwi(* a year for Fast Track funding projects through an online pledging
process.
Slgniflcant actlvhl•$ that contrlbute to th• a¢hl•v•m•nt of the $tstsd objoctkves
The biannual conferences mentioned above prowde Information for fflembers about the proj8Cts and
PTomole trust betyjegn member5, allowing them to speak fran￿Y about themselves and their indmdual
ftjnding objectives, and to collaborate successfully on NSCCTS funding objectives. NSCCT membgrs
organise meelings and training sessions relevant to the work of th8 organi5ation.
Grant4Mking polkl•$
NSCCT aims to fvnd organisalions both in the UK and overseas which are likety to effect benefiryal
swal change through ￿Search, public education, innovatory services. 8nd other legal and charitable
activ￿0$. NSCCT sUPPOrts organisations whlch promote human rights and dignty, further the
development of cfvil swety, husband the earth's re3tJurces and promote peace and nO￿￿oI&nee.
Page 2

Network For Social Change Charitable Trust
Trustse8' Report
Ali projects in the annual Pools cyde are intrOdU￿d and asse558d by members themsefv8s. Thes&
grants are paid annually In MarchlApril', organisations are asked to report bad( to NSCCT by the
following April on the use they have made of thé grants induding any challenges 8ncountered and
lessons leamèd. These reports are rewewed. summarised and circul8tgd lo members. The reports 011
projects sponsored in 2022123 were circulated lo members in tha summèr of 2024 and are tho latest
aVa￿ab￿ to them.
Funds foi grants to Major Projects are raised each Seplemberloctobèr. and PaKI thereafter, usually
on a scheduled basis. These projects undergo a detailed preliminary assessment prior to fonnal
adoption as a multi-year Major Project and present annual progress reports lo members. Malor
Projacts are nornially 8dopted for a three-year period. with the possibility of extension for a lurther
three years. Continuation into a second three-y&ar period requires a detailed evaluation rèport which
has proM$ion for the appointmènt of an external osses50r.
Organisations fvnded under the Fast Track funding system afe asked to report back six months after
rec8iPt of their granL The reports are ￿r(￿J1ated lo members of NSCCT who donalad to the prDjecl.
èln23
This yaar has seen thè continued yrant-maknng to a range of charitable projects through our Major
Project$, Pools and Fa51 Track funding stream5. We supported 4 long-lem Major Piolects.. Cutting
Carbon N¢)w, the Landwork&rs' Alliance, Labour Rights and Windrjjsh. as describgd below. In
addit(on. our otheT funding strearns continued with a strong range of short and medium-temi
proj8Ct funding. The Pools 5troam funded 47 projec15 proposed by our six toplc-based Pools (Arts &
Education for Change. Economic Justice, Green Planet. Health Justice, Human Righ15 and Peace).
This included some new and somè repeat applicants. We made 67 $maller awards for Fast Track
projects also proposed by individual members.
Cutting Carbon Now
Previous annual reports have recorded the continuing implèmanlation of the Cuitlng Carbon Now
Major Project. which is being implemented on Network's behalf by the Green Mliancg charity. Now in
its 6th and final year it re¢eived a grant of £279,660, just below th& largest arn￿nt received in Year 2,
reftecting our funders, ¢ontinuing anxieties around the threat of dimale change. 115 core objective Is'to
support thé UK Climata Change Act 2008. the indep8nd&nl Commitiae on Climate Change
e51ablisMed by it. and the implementsllon of the carbon budg&ts recommended by the CCC and
adopl&d by govemmenL'
Page 3

Network For Social Chang• Charitable Trust
Tru8ts0$' Report
The prolect'$ modus operandi ts to Tosearch specffic carbon re<luction policies, lo advocate that the
Government adopts those in order to help attain the CCC emissions feduction targets and then to
delwer those thanges across priority 5e¢tor8 of the economy.. Each annual strategy set btheen the
Project COTe group Green Alliance responds to changing circumstances. At the start ol Year 5 and
refie￿ng a new UK polibcal ¢ontext- a weakening of the ConservalNe Govemmenfs commitment to
Net Zero INZ) measures comblne(I wlh the Labour Party's unveiling of ils 'fairer, greener future,
priority - and in Ihe knOw￿dge that a general election would need to be hdd 8t around the bme the
project ended, a decisive shrfi was made in ts strategy.. to now place an èqu81 emphasls on
èngagernent with Labour $0 as to try and secure the partls commitinenl before the ele¢b"on to
artglerating emissions redu¢tions sufficAent to deliver the challenging 2030 target of 48.10 below
1990. This would have had th8 èffect of extending the influ8nc8 of tho proleGt considerably beyond its
6 year lrfe.
A8 al th8 and of August 2024 some of that strategys objectives had been achieved but not others.
The Consefvative govemment's commitment to tha ZEV (Zero Emissions VehTdel mandate in
December 2023 ropresented the largest projecttrd emissions reduction of any single measura. On the
other hand Labour, both before and after the election on 4th July had not m8cle that public
commitment lo QAD - 'quants')led aC￿lerated d8C8rbonis*ion'. Its 'mission' to drarnalically in￿a
NZ electriaty, whilst obwousty welcome. cannot on ils own dellveT Sufficient emissions reduction-,
policy changes in other sectors particulaty transport will also be required. Whilst the nèw govemmenl
has committed to achIe￿ng tt)e 2030 tsrget fc has not reveaked how it will dollver that.. somgthing that
the project's final report to fundefs identifies a$ a 'struclural ra)ntradiction'.
Landworker8' Allian¢•
The L8ndworkers' Alliance (LWA) is a NSCCT Transfomiallonal Major Project. and thi5 year received
graftt of £224,436. This wa5 year four af fN8 in the grant period. The PermacuKure ASso￿a￿On, a
registered tharty, acts os charitable partner for the gr8nt. Tha LWA 1$ g not-for-prorrt limited company
registered wth Compani85 House. exempt from using Ltd.. and with adopted cooperatwe printyples.
The LWA is a member-led union of srnall-5cale landworkers, foresters. growers and fishers. Their
purpose ig lo work lor a fvturg wheie everyone can acce55 fresh. healihy. lo¢alty-produc8d. affordab18
food, and a lan<ku$e systam that furthers soclal and ènwronmontal justice.
The Transforniatlonal Major Project is intended to give an oryanisation the r8sourc&s to make a step
change, 50 f( Can grow effgctively. This has enabled the LWA lo con501idale its operation$ and s•cur
its wort by resourcing core Staff and democratic bjnctioning. such as the organisalion's AGM and
regional events for rnember5 a(Yos5 the UK. NSCCT'S grant has been used to secure staff rolès, in
particular roles in the Operations team and Mernbership and Outreach tèam. The LWA'S overall
membership has grown to 3,107. 2,445 of these are landworking members {increase of 4Yo for the
yearl, 12% of which are Youth lundgr 30). 662 members are non-landworking supporters (increase of
22%). The LWA'$ social rnedia followng has risèn tr) ov8r 62,OCI) followers acTOS5 plarfoms (increase
of 8%).
Page 4

Nfrtwork For Social Chango Charitable Trust
Trusteès, Report
LWA has played a key role in the adoption of Sustainable Farrning In¢entive ISFII standards on soli s.
intagrated pest management. agroforeslry and educational acc8s5, and is promoting in￿ntiveS for
agrobiodiversity. Through 11$ advocacy, growors with land of Sha OT less are now eligible foT SFI
payments fTom the Environmental Land Mana98menl Schème, which will mean many small scale
growers will now be abl& to ace9$$ finanrAal support for their biodwersity and Climate efforts. LWA ha8
Continued to support the de￿lopment of education for new entrants to land work, by helplng to design
and ¢Jelivef education module5 and prowding resources and support to trainees and apprentices. The
LWA launched the 'Horticulture acros5 Four Nations. report. ouuining Ils vis￿￿ for repladng with
agroeGological vegetsbles 20% of the £5.7billion worth of vegetables imported annualy into the UK.
The report contains case sludi6s illustrating the enwronrnental, health, sod81. and economic benefi15
that would arise frtsm such a shrfL LWA continues to hav8 a strong prosence intemationalty, working
with partners La Via Campeslna. environmental orgs, and famiers on climatg adaptation tools. trade
PDIioy, and Tha Loss and Damage Fund.
Labour Rights Major Prolect
202&24 was the third year Of this Major Project, which has both charitable and non4*arit8b
components. This yearf5 grant for the charitable ¢omponents was £135.000. The project seeks to
strengthen support for workers lo assert their rights and thus In a small way help to halt th8 dedine in
the sharè of value going lo labour over the last 40 years.
The Wiolatlon Tra¢kor dalab8sa has grown entries by 26%, web traffic by 73% and Ihe number of
unique u$ers by 42% to 249,000, as well as adding ngw regulators, including the Care Inspectorate
and the Local Govemmenl and so￿al Care Ombudsman. They have also buill15nks with 8 number of
trade8 unions and collaborated with Campaigning organisations in a wide range of areas, including
envtronmant, housing, high p8y and regulation. Vlo13tion Tracker are in the earfy stages of discussing
how their database could be used in procurement to favour fims wth few or no violations.
Cays Cradle continued its organising and training work, focusing on the most marginallsed,
precarious and poody paid workers and on community groups 5ueh as tenants unions. Muth of th8
activity lakes placè in Scodand where they are based, but they ale also establishing links with 5imi18r
activist organisations in the UK and internationally. Now that Cat's Cradle has been reyi$tered as a
So)ttish Charitabk Ino)rporaled Organisalion (( has begun the proce55 of diversi￿.D9 ils lunL1itYJ
The Work Rights Contrg came into the project Sn September 2023 with funding to Use artthdal
Intelligence IAII lo create a multilingual digitsl hub for employTnent legal infomiation. This is airnèd at
migrant workers, but available and ￿levant for all workers, particularfy the m05t vulnerable who
cannot gel legal advi￿. WRC havè now built thè website infrastructsjre for an Al integration thal
enables them to translate legal information at 5cal8, and retsin human quality control. They plan to
pilot the most promising Al applications. monitor their impact and report on findings to build c8pac4ty
for the sector.
Windrush Justl¢e Programmo IWJ
The Windnjsh Justice Programmg is run by Action for Racial Equallty. 11 aims to support black4ed
Windru5h ¢J)mmunity groups to rèach more victims of the Windrush scandal and help process their
ctaims more effectively.
The core of the programme is providing training, 10015 and consuH8ncy to better equip the oommunity
groups lo support ¢omp8n5alion claimants.
Page 5

Network For Social Change Charitable Trust
Trustees, Report
Wlth encouragement from us and others they have bggn taking mora action in the polrcy field ¥nd
have employed thair fomier project coordinator as part lim8 pdiey 18ad. They have parb'cipated in
Parfiamentary events and meetings wf(h the Home Office. essential￿ lo put pressure on making the
compensation scherne for wctims fairer and mora 8asily accessible.
However, the funding that has b88n Provided by Paul Ham1￿ Foundation and others. has proved
adequate to fijnd the Programrne so far. This Is due to a combination of circumstances, indudlng
findingloss ¢ommunily groups than expected, staff shortages and d?lays in hiring n8w staff.
We have the￿fOre not fund8d them since 2022. and are unlikely to lund thèm again, Sin￿ the
Programme will end in 2025.
Operatlonal Achievements
Thanks lo our experience of meeting virtualty during Covid. arKI hybridly as th• pand&mic aased. we
continued lo offer partial virtual conference parbcipation lo members who wovkl otheth8e have been
unable, for various reasons, lo attend in person. Wo ha￿ continued and developed our remote
working practices such that Dir8Ctors and other rneetings are generally held online, and project
assessments may be online rf meeting in peTson is impractical. W8 are very grateful lo the graat IT
sklll and patience of oui Admin manager and te¢h team. who continue to work hard to digili$e our
operations, and to our volunteer confèrène8 organising teams. We have started to run leth tralning
sessions with an extemal provtder, Chris Gaunt, in order 10 8nabl& all members to keep their teth
skills up to dale.
Our October 23 conference was héld at Hillscourt in the Wesl Midlands.
Hi113COUrt wa5 a new venue for us. a tralning and ojnference centre with echoes of WorUay Hall's
labour movement associati¢)n$, in that it is owned and operated by the NAsuwf. Our thèmè was
'There 18 no Planet B,. addrèssed by Professor Mike Bemers-Lee of Lancaster Univefsty. long-limg
climate change guru, and author of books including one of that name. Hi11sCOUrt is located in the
scenic Lickey Hills, where we roamad with dèlight on both free attemoon5. There were 72 iwerson
attendees at conference, plu8 six prospectiv& memb8rs.
Our February 2024 cOnfe￿nCe was hgld at a favourile venue. Worttey Ha￿, near Sheffield.. Wortley
Hall, known as the Imorkers, ststely homè.. is ownad by members and organisations associated wrth
the trade union and labour rnovement. and is thu5 CA)nsidered a fitting vgnug for Ne￿Ork conferences.
We offi¢ially stsrted tho conference wf(h a welcome lo Claire A¢kred. our naw NO￿ork Admin
Manager who joined us in October, and wf(h a huge thank you to her and Carol Freeman frjr all their
work since Tish left. The conference thame this year was "Global Mililari5ation ar￿ the Arms Trade",
whi¢h was consdered a fitting themg gI￿n current events in thè Middl8 East. Ukraine and elsewhere
in the worfd. Our $p8aker was Andrew Feinylèin, a global expert on the ams trade. Andrew has been
working to expose th& hiddèn finan￿S behind the global ams trgde since 2001. Andrew was an MP
for the ANC in South Africa until ha resign8d dua to the corrupt Selling of unnecè58ary amis lo the
unty.
We Con￿nUe to relhink the conditions under which we make Our grants. AdhoTgncg to thg legal
requirements goveming NSCCT$ activity is of course our forem051 concem in thi5 regard, we ar•
also consuo¢Js that the smaller organisation$ wa fund shoLbld not be burdened WTth overty onerous
responsibilities. and we seek solutions that satlsfy both thes8 crit&ria. The new grant conditions for OUT
Fast Track prtsjects wore implementsd in the previous year, and Ih05e for standard Pods projetxs.
along with rewsed conditions ft)r partner projacts and Major Projects were implemented in 23124.
Pag& 6

Network For Social Change Charitable Trust
Trustses, Report
The Raclal Justice Working Group is by now fimily embedded in Nsccf5 functioning. This
voluntary grouping of sorne 25 members mgels several times a year, and indirectly includes other
m9mbers who wish lo bg invofvad in particul8r inrtialw&s In this area. Various ad hoc Sub-groups
address issues of import-this year, for instsnce, we have lisl¢ned to a sample of our recent grantees.
and try lo in¢orporate their view5 of wothng with us into our practices. The inoxtricable link be￿een
ract81 justi￿ and climate justice has bocome very apparent to US this year and, having leamt from our
small gf8nlees th* knnders and funding agencies fail to offer a list of projects in these categories.
along with bas1¢ inforniation such as application dales or of gpnts that can be applied for. we
have taken the fir51 steps in a project to develop such a list that will be freely available lo all who need
it. Speakers this year in Ouf In Conversatlon slot have in(Jud8d Simon Woolley (director, Opgration
lack Vote) and Patrick Vamon (adviser trj the Windrush Justice Programmel.
Archiving
The process of archmng NetWo￿S papers is a trid(y and Ime-eonsuming one, wth many issu8S to
be considered along the way. The case for maknng our re¢ords available to rèsearchers of today and
of future generations doès not need restsllng, and we arè fortunate to have perhaps tho UK'S
foremost archive of philanthropy-related papers-the Cent
r Phil
ro
niver51t
Ken
-èager to receive ours. The specialists at this repository Tècognise that Ne￿Ork does things
differenty, and knows that other organisations can leam from our practice and our 40 years of
expe￿ance.
The archiving grouplel consists ol JohrbB. JohnGo and CarolineF. JohnB has been a Netwodo membar
since forever. and by delault leads OUT merry band. His inslilutional memory is unrivalled, as Ss his
detaI￿d understanding of the variou$ sorts of records we havè accumulated over thÉ years. and
whith ofthem should be arthived and which not. JG and CF support him in achiewng thè outcome of
the project.
Fortunate￿ J8 is to ￿ found in Dorset fairty regui8dy, and desplte hls Mont￿long wail for a major
peralion. h8$ been able to sort the non-digilised paper5 resting in a Sto￿ near his home there so we
now know what records we are in possession of. Uncertainty about the date of said op was the
background lo the groupkl's work last year. and ou151anding issues that require serious
eA)nsideration. Such as confidentiality and GDPR, rernain to be r8solved once JB has regained ftA
health. The grouplet mel in April 2024 in person to outline the way forward, and in September 2024,
JB presented a rtrport to directors for their September meeting, shortly befr)re hi$ opefalion. Directors.
observations on JB'S report were minuted, and we wlll continue our work when we can. with these in
mind.
Membèrship
During the year the total m8mbership of the charity was 111 indSvidu81s189 subscrlplions 12023..
115195). There are fewer SUb￿riptionS than indlvidual members because som8 eKJuples havè a single
subscription. These figures include 18 "Associates"
members who have largely ratired from active
partdpation bLrt who wish to remabn part of the Ne￿ork communty. We conts.nue to rec4uit a¢tivaly
through member n8tMorks and word of mouth.
Flnancial review
Total incomlng resources for tha year ending 31 August 2024 werg £1.764,497, with total resources
expanded of £1,747,651. leaving a Surplus of £16,846. Total funds Carried forward are £203,507.
NSCCT ha$ no employees - 811 the necèssary work, other than administration is carrled out by th
members on a voluntary basis. The Trustees would like t($ pay tribute to this substantial collab¢)rallve
voluntsry gffort.
Page 7

Notwork For Social Change Charltablo Trust
Trustees. Report
Funding for Social Change Limited IFSC Ltd) 1$ an aSso￿at9d ccmpany with members and 80me
Directots in common. NSCCT has the part-time use of the seTvices of the Administrator èmployed by
FSC Ltd. The fee trorn FSC Ltd for adrninistralNe seNic¢s this yw was £54.84312023.. £56.36n.
Rosorve$ poli¢y
It is the policy of the ch8rity to malntsln unrèstricted funds, which are the free reserves of the charity,
at a level which aquale5 to approxirnalely 3 10 6 months, unre$lrict8d administrative expenditur8,
whith based on th& 2024 accounts arnounls to a figure b&￿een £24,841 to £49.683. Operating
reserves as at the year-end were £62,488. Trustee5 rewew the reserves figure qu8rtedy and may
seak to increaselreduce reservgs, If necessary, by modfying the admin fee payable by all members
on donations {currenlly 3.5tsAI.
The Trustees are not aware of any material uncertainties that would cast doubl on the ¢*arftys ability
to continue as a going concern.
C*pitsli¥ation pollcy
Th• Trustees have adoptsd 8 (apitallsalSon threshold for fixed assets of £1,000.
Investsn?nt power5 and policy
Under the Artid&$ of Association. the tharity ha5 the pwer lo make any inveslmant which the
Trustees See fil. It is the nomial practiTr of the charity to pay mmies recefved out as grants and thus
not lo build up inveslmants bayond ne￿SSary reserves. Tfuslees review cash holdings quartorfy to
ensure that we 8re r￿1VIng maximum inl8rest Possible.
Prinelpal fvnding gourc
l fvnd8 are raised by voluntary contsibutions from r9sour¢es avallable to indNidual members of
NSCCT. Wo do not acc8Pt funding from extemal sOu￿e$. Incoming funds ara usually allocated to a
project 81 the lime of receipt. This year we received income of £40,360 that has yet to be allocated lo
specrfic project. These monies are held within a restricted fvnd foT allo¢atton through our usual
funding strearns.
How Expenditure in the year ha$ supported the key oblectlves of the Charity
The objective of NSCCT is to maka grants for charitable aclwities. In accordan¢g wllh our objacti￿s,
£1.643,805 194Y.l of expendiiure this y8ar was on grant funding through our three fvnding SI￿arn$
(Major ProjecA$, Pools and Fast Track Funding).
Des¢rfptlon of Princlpal Risks and mltlg•llon mgasurns
The Trustees Ly)ntinu8d Ihgir pracb¢e of conducting an ongoing anatysis of risks and have tsken $lep$
as below to mitigate the most signfficant of thes8'_
Loss of key staff. The charity purchases adminlstralNe seNces from Funding for Social Change Ltd
under a contract that Is reviewed annually. The Admin Manager employed by FSC Ltd is 5UPPOrted by
members who have relevant IT and Admin experience as well as by treelance IT and web support
personnel. The Trustee5 have pul in place mpasure5 lo mthgate any loss of key personnel. In 22123
we werg Vgry fortunate that sulta￿Y experienced members look on ltrmporary admin and IT roles
when wo had 4 months without an Admin Manager . Wo have bgon lurther strengthening our
procedure5 111 the year to August 24 to b8ttei strengthen our capadty to ov&rcome suth an issuo
should it arise in future.
Page 8

Network For Social Chango Charitable Trust
Trustses. Report
Professlonal support systems fall or arè irtadequats. Closely tied to the risk of losing key staff, we
are reliant on the professional input of indivirlual tnembers who undertakè key admin and IT roles. The
rlsk of losing these key. qualified members is signfficant in terms of its impact on the organi5alion. To
help mHlg*e this Tisk. we are requiring FSC lo strengthen ils IT and admin skills. We have also
moved onlo stsndard financAal 50fvare Ixerol which greatly reduces the risk 91 financial data being
compromised. Our accountants have significant systems exp&itse and have supported us with
financial IT deasions and Imp￿ments110n. We continue to make changes in this aroa which will make
our IT and finandal $yslerns more robust.
Los$ of membeTr I los$ of a¢tlvè members. Our membership numbers ale felatively stable, but our
members arè agelng. The risk we perceive is that there may becom8 fower activ8 membérs who can
undertake the roles upon whid) Ne￿ork de￿nds. We havè been aware of this risk for some years.
Our continuing mitigation efforts indude a focus on recruiting younger rn&mbers', nurturing and
supporting nèw and existlng members in their roles-, developing systems to support member roles-,
training for members in taking on roles.. and a focus on member retèntion through our face to face
meetings and online social engagement.
Eff8ctlvones$ of Grants. All our funding decision5 a￿ made by our members, and wo lak& steps to
PTowde training and support in chaTitable grant-maklng. We have a strong due diligence process, but
there rernain5 a rfsk that the grants we make are not providSng be51 value for intended roapienls.
To reduce this risk. our more experienced members work lo support thosa who are newer to
grantthmaking . We ar• a member of the Association of Charitable Foundations IACFI and 8ncourag8
our mernbers to partake of their training opportuntti"e$. All projects in each of our th￿e fvnding
streams are required to provide appropriate evaluation reports which arè rèwewed and made
availablo to all member& WÈ encourage ongoing discussion of impact. We recognise that some
projects will not achieve all their objectives.. for examplè the project Cutting Carbon Now airns at faster
UK ¢arbDn budget reductions than is being achièved. BLrt wè consider the projed successfvl in doing
everything possible wrfhin its limited ptswgrs.
an$ for Future Period$
We wll be DJnlinuing OUT work with the UK Philanthropy Archivè at the University tsf Kent. A small
group of members worked with an exiemal website designer to upgrade our extemal publI￿￿C1ny
website which went INe in April 24. This will feed into ongoing outreach efforts. We are conlinuing to
update our grant processing and management Pro￿UreS and systems.
Induction and tralnlng of Tru8t••8
NSCCTS policy is that onty active members of NSCCT are appointed as Trusteès so newly appointed
Trustees already have a good kn0￿rfedge of NSCCT'S obj8Ctives and ath'vili¢s. Some ithll already
have served as Trustees on other charitabb bodies. There are no outside appointrnents. New
Trustees are supported lo undertako training appropriate to their role.
D•cl$lon4naking
The companws AGM takes place al the spring conference ea¢h year. Mattars rel*8d to the running of
NSCCT are additionally discussed at th8 biannu81 conference business meèting5 and annual
Guardians meetings lo wh￿h all mernbers are invited. All membars are oncouraged to contribute to
thg running of the charity. as conference organi5ers, cL￿rdInal0r$. CDnvènors, pool members. links
with speaalisl sub-groups. or as Trusteos.
Page 9

Network For Social Change Charitable Trust
Trustees, R•port
NSCCT membefs are personally act￿ in sponsorTng, assessing, salacts'ng, and ry)mmendlng projects
for funding. Oui processes are designad to encourage members to find worthvthile projects, assess
their potential 8nd evaluate their achievements. Those without prewous experien¢8 of such an
undertaking work ?longsid• a more experien¢ed member. Members work togèthèr lo make robust
fvnding decisions y￿t￿ every attempt to avoid implidt bi88. They SUPF*Jrt each olhef in the
decision-maknng process.
Whilst memb￿5 drive the process, it is clearfy understood that the legal responsibilty for Ihe
distribution of funds raised lies wlth the Trustees. Trustee8 follow guidanc8 from the Char
Commission on grant-making. particularly where thg organisation app￿.ng for fvnds 1$ not itself a UK
Charity. Our due diligenca process involves Scrutiny by a comrnitEee of six 8xperien¢ed members Ilhe
Charity Status Group) as well as by Trustee5. We work dosely with the Directors of Funding for Soual
Change Ltd {FSC Ltd) and Oftgn refer proleds to them if we feel that thay are not suitable lo rgc*ive
charitable fvnding.
How the chartty o eonstlthted
The charlty 1$ constituted as 8 company limited by guar8ntee, reglstered on 15 July 1986. Thg uJrr&nl
Artides of As$ooation for the charity wara drawn up by Bates Walls & Braithwarte London LLP and
adopted on 21 February 2014.
Arrangements o19ottlng the pay of k•y managomgnt
The ¢harity has no pald staff. TTUStees are not paid, and al mernbw8 ¢8rry out their work for the
ch¥rity on an entirely voluntary basis.
statsmeftt of truste8s' respon$ibllldg$
The trustees {who 8re also the diredor5 of Netwoth For Social Change Charitable Trust for thè
pijrposes of cornpany lawl are responsible for praparing the lru3lee5' report and the finanrAal
stslements in accordance with applicable Saw and United Kingdom Accounting Standards (United
lQngdoM Generally Accepted Accounting Practice), induding FRS 102 'The Financial Reporting
standard applicable in the UK and Republic of Ireland" The report and accounts have been pr9pared
in accordanc8 with the prowsions In the Companies Act 2006 relating to small companie5.
Company law requires the trustees to prepare financAal statements for ea¢h financial year. Undor
¢ornpany law the trustees must not approve the finan￿al statements unless they are satisfied that
they gNe a tru• and fair view of the stale of affairs of the charitable company and of thg incoming
resources and application of resr)urcès. including its Incom9 and expenditure. of the charitable
company for that p￿19d. In preparing thes¢ financial stalemenls, the trust8es are required to:
select suitable accoUn￿ng policies and apply them consislenlly,
observa the methods and principles in the Charities SORP..
makejudgemgn15 and estim*as that are reasonable and prudent..
State whether 8ppllcable accounting $tandard5. ￿MprisIng FRS 102 have been foll0v￿d, subj'ect
to any material departures disd05ed and explained in the financTal ststements; and
prepare the finanual stslem8nls on the going ¢onc8Tn basis unless it is inapproprlate to presume
that the charitable Gompany w￿1 ￿ntinUe in business.
The trustees a￿ ￿spOnsIble for keeping proper accounting records that Can disdose with reasonablg
accuracy at any Ilme the financial position of the charitable company and enable them lo ensure that
the financial statemeirts comply with the Companie$ Ad 20C6. They are also rèsponsible for
safeguarding the assets af th8 charitable company and hence for taknng reasonable steps for Ihe
Prevention and detection of fraud and other irregularities.
Page 10

Network For Social Change Charltable Trust
Tru$tso8' Roport
The trustees ara responsibl& for the maintenance and Inlegrtty of the corporata and finan￿al
Informalion induded on the tharitable ujmpantys website. Legislation govornlng the pr&par8tlon and
dissemination of financAal 8lalemènts may drffèr from legbslation in other jurist11ctlons.
Di$closur• of infomatlon to auditor
Each tNStee has taken steps that fhey ought to have lak¢n as a trustae in ordèr to make themselves
aware of any relevant audit information and to establish that the charity'5 auditor is ￿are of that
information. The trustèes confim that there is no relevant infomiation that they know of and of whid)
th￿ know the audftor 18 unawar
Small Compani￿ provlslon statsm•nt
This report has been prepared in accordanc6 with the small ts)mpanies regime undor the Companies
Acl 2006.
The annual report was approved by the trustees of the charity on
behalf by..
and slgned on its
P Horrocks
Trustge
Pag611

Notwork For Soclal Change Charitablo Trust
Independent Auditor's Report to the Members of Network For Soclal Change
Charltable Tru8t
Oplnlon
We have audited the finanaal slalemenls of Nebvork For Social Ch8nge Charitable Tru8t (the
'charity'l for the year ended 31 August 2024. which compris8 the Statement of Finanryal Activities,
Balance Sheet, Statement of Cash Flows. and Notes to the Finanaal Stalemenls, induding
Summary of significant accounting poliues. The financAal reporting framework that has been appliad in
their pr8paration is Unrted Kingdom Accounting Standards. cornprisiny Charlties SORP - FRS 102
The Financial Reporting Stsndard applicable in the UK Hnd Republic of Ireland, 8nd appluble law
(Unrted lfjngdom GenaTalty Accepted Accounting Practieel.
In our opinion the financial statements..
give a true and fair wew of the stats of the charitys affairs as al 31 August 2024 and of lis
incorning resour¢¥$ and application of reSoUr￿s. including its Income and expenditure, for the
year then ended..
have been propèrty prepared In accordanrk vnth Untted lfjngdom Gfrnera1￿ *epted Accounting
Practice.. and
ha￿ been p￿pared In accordance wth the requlrements of the Comp8nle$ Act 2(*J6.
Baslts for oplnlon
We conducte(J our audit in accordance with Intèmational Standards on Aud￿ThJ (UK) (ISAS {UKI) and
applicable law. Our ￿SponSIbl1((vaS under those stsndards are further described in the auditor
responsibilities for the 8(Klit of the financial statements section of our report. We ara independent of
the charty in accordance with the ethical requiremènls that are relevant to our 8udtt of the financial
ststèmants in the UK, including Ihe FRG'5 Ethical Standard. and the provisions av4ilable for 5rnall
enlilie$, in the circJJmstance$ set out in note to the llnancial statements, artd wè hav8 fuffilled our
other ethieal rgsponsibilTbe$ in accordance wtth these requlremenls. W8 believe that the audit
evidence wo have obtained is suffidpnt and appropfiale to promda a basis for our opinion.
Conclusion• rèlatlng to going con¢•m
In auditing tha financial ststem8nts, we have ¢oneluded that the trustees use of the going con¢em
basis of accounllng in the preparat￿n of the financial statements is appropriat8.
Based on the work we have performed. we have not identified any malfrrial uncertaintie5 rel3ting to
èvents or conditions that, individually OT colla¢tively, May cast significant doubt on the charitys abllty
to conlnu8 as a 90ing con¢em for a period of 81 least tsvelve months frorn when the original financial
statements were authorised for K8sue.
Our responsibil￿0S and the responsibilllies of the trustees with respect lo going concem are
described in the Televant sect￿nS of this repo
Other infamiatlon
The trustees are responsiblo for the othar irrfomialion. The othèr infomiation comprfses the
information included in the annual report. other than the finanual statements and our auditorfs report
thereon. Our opinion on the financial statements does not ctsver the other infomialion and, except to
Ihe extent otherwise 8xplially stsl&il in our report. we do not èxpress any form of assurance
condu5ion thereon.
Page 12

Network For Soclal Change Charitable Trust
Independent Auditorfs Report to the Members of Network For Social Change
Charitable Trust
In connactlon with our audit of the financ4al slataments. our responsibslty is to read the othér
infomialion and, in doing so, consider whether the othèr information is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwisè appears to be matsrialty
mi551ated. If we Idontify such rnalerial inconsislencles or apparent rnaterial misstslem&nts, we ar&
required to detem)Ine whether there is a material misstatement in the financAal Stslements or a
material misst8lemenl of the other infomation. If. based on the work we have performed. we condude
that th8r8 is a material misstatèment of this other information, we are required to report that fact.
Wo have nothing to report in this ragard.
Opinlon on other matter prnscribed by tho Companle$ Act 2006
In our opinion. based on the work undertaken in the course of the audit..
the infom)ation given in the Trustees, Report for the financial year frjr whith the financial
slalements are prepared is consistant with the fin8n¢ial slatemonts., and
the Tru5tse$' Report has been prapared in acmrdancg with app￿￿ble legal r8quirem•nts.
Matt¢r¥ on vthleh we are rgquir•d to rgport by •xception
In the light of our knowledge and understanding of the charity and tts entrironment obtained In Ihe
¢ourse of the audit we have not identified material mlsstslemtrnts in the Tru$tee5' Report.
W8 have nothing lo report in respect ofthe following matters where the Companie5 A¢t 20C6 requires
us to report to you rf, in our opini¢Jn'.
adequate a¢u)unting records have not been kept. or retums adequate for our audit have not been
received froffl branches not visited by us.. or
thè fin8ncial statements aro not in agreement wlth the a¢ry)unting ￿CordS and thms,- or
cartain disdosufes of trustees reniunèration sperAfied ty law are not made; or
have not received 811 the infomiallon and explanations wa Tequire for our audit.
R•Bpon$ibllltl•s of trustO08
A$ explained mofe fully in the Statemgnt of trustees, responsibilities (set out on page 10 and 11). tha
truslees are responsiblè for the preparation of the finanoal 5tataments and for being satisfièd that
they give a Irue and fair view, and for $u¢h internal control as tha trustees determine is necessary to
enable thg preparation of finanaal slalemènts that arè free from material mlsstaternenl, whether duè
to fraud or error.
In preparing thè financial 518lèmanls, the trustees are re5PDnsibl8 for aSS8S5ing thè charity's ability to
eontinue as a going concern. disclosing, as appli¢able, matters related to going concern and using the
yoing concern basis of accounting unless the trusteès either intend to liquidate the charity or to caase
operations, or have no raalistic alternative but to do so.
Audltor rnspon$ibllltl•$ for the audtt of the flnan¢lal $tatsments
Our objective8 are lo obtain reasonable assurance about whether the financial statements a$ a whole
are frae from material misstatement, whether due to fraud or error. and to issue an auditorfs report
that includes our opinion. Reasonable a55uran¢8 is a high level of assurance, but is not a guaranlaè
that an audit conducled in accordance with ISAS (UK) wlll always detect a material misstatement
whÉn tt exists. Misslatement5 can arise from fraud or error and are considered material if. Indwidual
or in the aggregate, they could reasonably be exp8cted lo inllu8nce th8 economic decisions of users
taken on the basis of these finan￿&1 ststsments.
Page 13

Network For Social Change Charftable Trust
Independont Auditorfs Report to the Mambers of Network For Social Change
Charitable Trust
Irregularilles, Including fraud, are instances of nonrycornpliance with la￿ and Tegulations. We design
procedures in line wth our responsibilities, outlined above, to delect material misstatèments in respect
of irregularities, in¢luding fraud. The extent lo which our pro¢edures are capable of datecting
irregUlar￿eS, induding fraud 15 detslled bel¢)w.'
We identified areas of laws and regulation$ that could reasonabty be expected lo have a m8tèrial
effe¢i on tha fjn8naal statements from our general wmmercial and sector experience and through
discussions with the trustees and other management. Wg ¢ommunicated id9ntified laws and
regulalion5 throughout our team. and remained alert lo any indirAtions of non-compliance
throughout the audit.
The charity is subject lo laws and regulations that govem the preparation of the finand81
ststements. induding financial reporting 18gislation. and other companies legislation. The company
ts also $ubje¢t to other laws and regulations wherè thè consequences of non&compliance could
havè 8 matarial impact on the amounts or disdosures wthin the financial statements, induding
ernployment, anii-bribery. anti-money laundering and ¢&rtaSn aspects of companies legislation.
Owny to the inherent limitations of an audlL thèra is an unavoidable risk that we may not have
detected somo matgrial misstatements in the finaniial statements, evèn though we hav8 properly
planned and pèrfornied our audTi in accordance wtth auditlng stanilards. In any audit. there
remains a higher risk of non4leteth.on of iTregularilie8, as these may ¢ollu$ion, forgery,
intentional omissions. misrepresentations. or the ovèrridè of int8mal cortrols. We are not
responsible for preventing non-compliance and cannot be expected to deteci non-Q)mplian¢g wlth
all laws and regulakn"on$.
As part of an audit in accordance with ISA5 (UK). we èxerclsg profgssional judgemgnt and matntain
professional scepticism throughout the audTt. We a150'.
Identify and assess the risks of material misststemenl of the financial stslemenls, whelhèr duè lo
fraud or error, design and perfomi audit procedures respon51ve to those risks. and obtain audlt
evidence that is strficAenl and oppropriata to prowde a basis for our opinion. The risk of not
dat8cting a rnater￿1 misststemenl resulting from fraud is higher than for one resulting from emr.
a$ fraud may invc4ve &)IIu8ion. forgery, intentional omissions, misrepresentations. or the oveffide
of inlgm81 control.
Obtain an und?rstanding of internal control relevant lo the audlt in ordgr lo d9sign audlt procedures
that are appropriate in the circumstances. bul not for the purpos8 of exprèssing an opinion on the
effectiveness of Ihe ¢harity's internal control.
Evaluate the appropriateness of accounting poliae5 used and the ￿8$On8b1èfte$y of accountbng
estlmate$ and related di￿loSure5 made by the tn15t￿5.
Condude on the appropriateness of the trusteès use of the going cOn￿rn basis of accounting and,
based on.the audit evidence obtained. whether a matertal uncgrtainty exists related to events or
nditions that may ca51 signtficant doubl on the charity's ability lo continue a5 a going concem. If
wa conclude that a material uncertalnty e￿sts. we are required lo draw attention in our auditorfs
report lo the related disclosures in the financial $18lements or. If such disclosures a￿ Inadequate,
to modify our opinion. Our conclusions are based on the audit ewden¢e oblwned up lo the date of
our audilorfs report. However. future events or conditions may cause the charity to cease to
continue as a going concam.
Evaluate the ovarall presentation. structure and c¥)ntent of the financi818lalements, induding the
disclosures, and whelhgr the financial statements represent the underfying transactions and
èvents in a manner that achieves fair pres8nlation.
Pag8 14

Network For Social Change Charitable Trust
Independent Audltor's Report to the Mambers of Notwork For Social Changé
Charitabl6 Trust
Obtain sufficient approprfat8 3tKIit evidence regaiding the finanual infomalion of the entities or
business acbwties wrthin the charity to expre55 an opiniDn on the financial statements. We are
responsible for the direction, supeNi$ion and perfom)ance of th¥ charity audit. We remain solely
responsible foi our audit opinion.
We ￿mmuniC￿le with those charged with governance regarding, among other matters, tho planned
scope and liming of thè 8udit and significant audtt findings, induding any significant deficjendès in
internal control that we identsfy during our audit.
U$• of our roport
This repurt is madg solety lo the ch8ritat4e companls trustees, gs a body, In accordance with
Chaptér 3 of Part 16 of the Companies Act 2006. Our audit worf( has been und8rtaken so that we
might state lo the charftls trustees those matters we are required to state to them in an 8udS10rf$
report and for no othér purpose. To the fullest extent pemirtted by law, we do not accept or assume
responsibilty to anyone other than the charitsble company and its trustees as a body. for OUT audll
work, for this report, or for the opinions we have fomied.
Catherine Willlams FCA DChA {Senior Stslutory Auditor)
For and on behalf of Westcotts ISW) LLP, Statutory Auditor
47 Boutport Street
B8mstaple
Dgvon
EX31 1SQ
Page 15

Notwork For Social Change Charitable Trust
Statemont of Finanelal Actlvftieg for the Year Endèd 31 Augu8t 2024
Ilncluding Income and Exponditure Account and Statomont of Total
Rocognised Gains and Lossos)
Unrestricted
funds
R•$trieted
fund$
Total
2024
Totsl
2023
N¢)te
Income and Endowm•nts from:
Donatlons and legacies
Inveslrnenl incomo
767,631
4.703
992.163
1.759,794
4,703
1.742,264
3,976
Totsl Income
772,334
992,163
1,764,497
1,746,240
Expenditur¢ on:
Charitable actiwt￿s
40.073
1,007.578
1,747,651)
(1,769,819
1,769,819
Total expenditure
740.073
1,007,578)
1,747,651
Net incomellexpenditure)
Transfers beNYeèn funds
32.261
5,551
{15.415)
5.551
16,846
123,579}
Net movement in funds
26,710
19.8641
16,846
(23,5791
R•concilia1ion of funds
Total funds brought forward
Totsl funds carried f￿ward 16
123,007
186,661
210,240
186.661
90,364
113,143
203,$07
A]1 of th• chaTty's actNitie5 derwe from oontinuing operalions during Ihe above ￿ perh)ds.
Th& funds breakdown for 2tr23 is shown in note 16.
The nolos on pag8s 19 to 30 form an integral part ol thèsè finanaal stal•m8nts.
Page 16

Notwort( For 8odal Chango Charltable Trust
IRegl8tratlon nurnber: 02037412>
Balan¢e Sheet a8 at 31 August 2024
2024
2023
D8btors
Cash al bank and In hand
13
14
19,911
244.564
264.475
3.852
191.522
195,374
Creditors: Amounts falllng due wmhln one year
15
{60.9681
203,507
18,713)
186.661
Funds ofth• charltr.
R￿tri¢l￿d In¢om• funds
Restricted funds
113,143
123,007
Unr•strf¢t•d kneome fund
Unrg5trided fund¥
63,854
Total funds
16
203.$07
186,661
Th858 flnandal statements have been prepared In accordance ￿th th8 5P8clal provlsions rdatlng to
compani•s subjsct to th8 small Companies regime within Part 15 of th• Companias Aci 2006.
The fln8n￿gI ststemonts on pages 16 to 30 wore gpwove41 by the trLtst885. and authryi￿ for i5sue
on 11.12125 aThJ signed on th￿r leh6￿ by.
P Horro
Tru*eg
The notes on 19 to 30 fcrfm an integral part ofthese fina￿￿al sttsn8nts.
Page 17

Notwork For Social Change Charitable Trust
statsmont of Cash Flows for tho Year Ended 31 August 2024
2024
2023
Not•
Cash Ilows from op•r4tlng actlvltles
Net cash incomellexpenditurel
16.846
123,5791
Adluslrngnts to cash Ilows from non*ash ltsms
Investment income
(4,703)
12,143
13,9761
127,555)
w0￿1n9 ¢aplt•l adjustments
Ilncreaseydecrease in debtor8
Increasel(deuease) in creditors
Net Cash flow5 from operating actsvthes
13
15
116.0591
52.25S
13,164
114.8931
48.339
129.0841
Cash flows from Inv•sting actlvlttBs
Interest receivable and similar income
4,703
3,976
Net incraas&lldecrease} in cash 8nd cash equivalents
Cash and cash equNalenls at 1 Sopt8mbar
Cash and cash equivalents at 31 August
53.042
{25,108)
216,630
191.522
244.564
191,522
AJI ofthe cash )lows are de￿¥8￿ from conynulng operations during the abov8 tsyo perfods.
Th8 notes on pages 19 to 30 form an integral part of these financial stalemerts.
Page 18

Network For Social Chango Charitablo Trust
Notes to tha Flnan¢lal Statements for tha Year Ended 31 Au9ilSt 2024
I Ch•rlty status
The ¢harity is limf(ed by guarant88. in(>Jrporat8d in England and Wales. and Consequent￿ does not
have share capital. Each of the truslees is liable to contrlbute an amount not exceeding £1 lowards
the assets of the charity in the event of liquidation.
The address of ts registered officé is..
2&28 Southornhay East
Exeter
Devon
EX1 1NS
2 A¢¢ountlng policies
Summary of 8lynlficant accountlng pollcies and kay accountlng e¥timatos
Tha principal ac￿Unts.nY policies applied in the preparallon of these financi81 statements are set OLrt
belDw. These policie$ have been cr)nSL51w)tty applied to all thè years pres8nt8d, unlw othe￿ise
st*8d.
statsmènt of compliance
The financial slatemants have been prepared in a¢cordance with A¢counting and Reporting by
Charibes.. Statement of Reeommended Practice (applicable to charities preparing their accoun15 in
accordan￿ with the FinancAal Reporting Standard applicable in the UK and Republic of Ireland IFRS
10211 (issued in October 20191- {ChaNties SORP IFRS 102}), IhÈ Financial Reporting Stsndard
applicable in the UK and Republic of Ireland IFRS 102) and the C¢)mpanie$ Act 2006.
Basis of prgpar•tlon
Nelwork For SocAa5 Cl￿n9? Charitable Trust meets the definTiion of a publ￿ bènefit entity under FRS
102. A$$$ts and liabilities are inrtialty recognised at historical ¢05t or transaction value unltsss
Othe￿1$e staled in the rèlevant accounting policy notes. The financial statements 8ra prepared In
sterilng W￿lCh the fun¢Uonal GU￿enCY of the charity.
Golng concern
The Irust88s consider that there are no matsrial uncertainties about the charitys abillty to DJntinu& as
a going concem nor any signific¥nt areas of uncartainty that affect the carrwng value of assets held by
tho charity.
Income and endowments
All income is recognised on(8 the chartty ha$ ontitlewH&nt to the income. h 1$ probable that the Incorne
wlll be recelved and th8 amount of the incomè receivab￿ can be measured rgliably.
Pag8 19

Network For So¢ial Changa Charitablo Trust
Notss to the Financial Statomonts for the Year Ended 31 August 2024
L)onations and 1gga¢i•s
Donations are reo)gnised when the charity has been notffied in wribng of both the amount and
setuement dale. In the 8v8nl that a donation Is subject to Cwdthons that require a level of
Perfomance by the ¢harty before the charTty is entf(led lo the funds, the income is def&rr8d and not
recognised until either th0$9 ¢ondillons are fijlly met, or the fuyfilment of those conditions is whol
within the control of the charity and it is probable that these condTbons will be fu￿lled in the ￿pOrtIng
period.
Legacy gi￿ a￿ recognisèd on a case by case basis follcming the grant of probate when the
adminislralorlexecutor for the èstatè has Gommunicaled in writing both the amount and $¥W¢ment
date. In th8 event that the gift Is in th• forni of an asset other than cash or a finan¢i81 asset tradéd Ctn
rècognised stock exchange, recognthon is subject lo the value of the gfft being reliably measurable
th a degree of reasonat4e a¢xura¢y and the liue to the as$et having bean transferred to the tharity.
InVestr￿tt Incom8
dends are recognised once the dmdend haB been dedared and nofjfKalion hgs bgen fgoeived of
the dmdend due.
Expendlturn
All expenditu￿ Is rècognised once there is a legal or construdlvè obllgatlon to th8t expendfture. it is
probable setuement is required and the amount can be measured reliab￿. Al costs a￿ allocated to
the applicable expenditure hèading that aggregate similar costs to that catègory. Whèrè costs cannot
be d1￿CtlY attributed to particular headings they have been allocated on a basi8 consistent with tha
usè of reSoUr￿s, with central staff costs allo¢ated on the basis of lime spent, and depredation
thargas allocated on the porb.on of trè assef s use. Other support costs are allocated based on the
spread of staff eosts.
Chai?(able aetivlties
Charttablè expenditure comprlyes those costs Incurred by the charity in the delNery of its actiwtses
and se￿¢@$ for its beneficiaries. It indude5 both costs that can be alk)cat8d direct]y to such adiMtie5
and those costs of an indiraet nature necessary to support them.
Gxantprnvlslons
Provisions fof grants are made when the intention lo make a grant has b8en communicated to the
recipient bul there is uncertainty about either the liming of the grant or the amount of grant payable.
Support costs
Support costy Include central fiJnGtions ar￿ have been allocated Io 8ctivty cost cataqorigs on a basis
consistent wth the use of resources. for example, allocating property costs by floor areas. or p8r
capita. stsff costs ty the tsme Spent and other wsls by th8iT usage.
Taxation
The tharity is considered lo pass the tests set out in Paragraph 1 Schedule 8 of the Finance Acl 2010
and ther8fore it meets the deffn￿on of a charitable ￿mpaTry for UK corporation lax purposes.
Accordingly, the ¢haTity is polenlialty exempt from tsx8tion in respect of income or capital gains
received within categories cOVe￿d by Chapter 3 Part 11 of tha Corporation Tax Act 2010 or Sedion
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exdusivaly to charrtabie purrM)se$.
Page 20

Network For Social Change Charitable Trust
Notes to the Financlal Statements for the Year Ended 31 August 2024
Cash 8nd ¢a$h èquivalonts
Cash and cash equivalents ¢omprise cash on hand and call deposits, and other short-l&m highly
liquid investments that are readity convertlble to a known amount of cash and are subject to an
insl9nificanl rfsk of change in value.
Fund strucbjre
Unrestricted In￿Me funds are genaral tunds that are available for use at the trustees discretion in
fiJrtheran¢è tsfthe objectives of the charity-
R$stricted income funds are those don8t8d for use in 8 partic#Jlar area or for specific purposes, the
use ofwhth 18 r851ricted lo that area or purpose.
Financlal Instruments
c1&￿1￿¢•bon
Financial assets and finanual liabli ttias are Tecognised when the charity becomes a party to the
contra¢tU81 provisions of the instrument.
Financial Ilabililie5 and eqtmty instrumen15 a￿ da55ified aeeording lo the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual intere51 In
the assets of the charity aft6r deducting all of f(s liabilities.
Récognition and measur•ment
All finanual assets and liabilities are initially measured al transactlon price (Induding transaction
COSts), ex(*pl for those finan(xal assets dassffied as at fair value through profft or loss, which are
initsally measured at fair value (which is nomally the transaction price axduding transaction costs),
unless thé arrangement constitutes a financing transaction. If an arrang&menl constitutes a financing
transaction, thè financial asset or financial liability is me8$ured al the present value of th9 fvbjre
payYnen15 discounted at a market rate of interest for a simli ar debt inslrumant.
Finanaal as5els and liabilitEs are onty offset in the statement of finandal posrtion ￿en. and on
w￿n there exists alggally enforceable right to S81 off the recognls8d amoLsnts and the charity intends
either to Sett￿ on a net basis. or to iealise the asset and setue the liabdty simultaneou$ty.
Financial assets are derecognised when and only whèn al the ¢ontraclu81 rights lo the Gash ftows
from thè financial a55el expire or are settted, b) the charity transfers to another party substantially all
of the risk$ and rewards of oJwnersMip of ihe financial a558t, or cl the Charity, d&spite havlng retained
some. but not all. significant risks and rewards of ownership, has transferred control of the as5el lo
another party.
Finandal babilities are derocognised onty when the obllgation specrfied in the ¢onlrad is discharged.
ancetled or oxpires.
Page 21

Network For Social Change Charitabla Trust
Notes to the Finanelal Statements for the Year Ended 31 August 2024
3 In¢om• from donations and lega¢ies
Unre$trlet•d
funds
Re8trlcted
fund
Tolal
2024
Donations
L0gacA85
Grft reclaimed
695,973
1,033
70,625
876,C69
1,572.042
1.033
186,719
116,094
992,163
767,631
1.759.794
Unyeytrwcted
fund$
Restricted
funds
Total
2023
Donations
Grfi aid reclaimèd
579,608
129,350
941.843
91,663
1,033.306
1,521.251
221,013
1,742,264
708.958
4 Inve8tm•nt Income
Unrnstrlctod
fund#
Total
2024
Interest raceivable on bank deposits
4.703
4.703
4,703
4,703
Unmtrictrd
funds
Totsl
2Q23
Inlergst receivable on bank deposits
3,976
3,976
3.978
3.976
Page 22

Network For Social Changa Charitable Trust
Notas to the Flnancial Statoments for the Year Ended 31 August 2024
S Expendithre on Charitable a¢tlvltl¢s
Unrestrlctsd
fund$
Rèstrl¢ted
funds
Total
2024
Charitable activities
Grant fvnding of activities
Allocated support costs
46,S98
688,994
4.481
52.767
954.811
99,365
1.643.805
4.481
740.073
1,007,578
1.747,651
Unrestrietod
fund•
R•$trlctsd
funds
Totsl
2023
Note
Charitable actwitias
Grant fvnding of actNrfres
Allocated Support costs
96,133
603.418
4,056
703,607
67,522
998,6
163,655
1.602,108
1.066.212
1.769,819
Pagè 23

Network For Social Change Charitable Trust
Notss to the Financial Statements for tho Yèar Ended 31 August 2024
6 Analy$i$ of support costs
Support costs allocated to ¢harIlab￿ activities
Total
2024
Totsl
2023
Audit fees
Oth8r office costs
4,307
174
3,373
683
4,461
4,056
7 Grant-m•king
Anatysls of grants
2024
2023
An•lysls
Grants to inslitutson5
1,M3.805
1,602,108
8 Not incomingloutgolng rgsourceg
Net incominglloutgoingl resourc9$ for the y8aT include..
2024
2023
Audit fees
4,307
3,373
9 Trustees remun•ration and expèn$•s
No tru$t9es, nor any per5Qns ￿nn9Cted WTth them, have re¢eN•d any remuneration from the charlty
during the year.
No trustees havg r8C8ived any reimbursèd expenses or any t)ther benefits from the charity during the
10 Staff Costs
During the year. the o*arity had no 8mployee5 {2023: Nil)
11 Audltors. remun•rnllon
2024
2023
Audll fees
4,307
3,373
Page 24

Notwork For Social Chango Charitabla Trust
Notes to the Financlal Statsments for the Yoar Ended 31 August 2024
12 Taxation
The charity 18 8 rngistered charity and is therefore exempt from taxation.
13 Dèbtors
2024
2023
Trade ¢Jebttsrs
PrgpayTnents
Other debtors
9.514
10.397
19.911
3.852
14 Cash and cash equivalents
2024
2023
Cash al bank
244.564
191,$22
15 Creditors- amounts falling due withln one year
2024
2023
Trade croditors
Other croditors
ruals
614
56,394
3.960
5.100
3,613
8,713
fjo,￿8
Pagè 25

Network For Social Change Charitablo Trust
Notes to the Financial Statomants for the Year Ended 31 August 2024
16 Fund8
Balance at
Balance at
31 August
2024
S¢ptsmber
2023
Incoming ResourceB
ro$our¢es
exp•nd•d
Transforn
Unrnstricted funds
G•n•ral
General Funds
Arts & Education for
thange
Economic justice
Green planet
Hoamh & wellbeing
Human rtghts
Peace
Unallocatèd
63.654
92.681
151,0791
142.7681
62,488
92.100
87,500
98.000
56.400
113,sfKI
127,300
104,853
772,334
{111,4561
(93.7451
1141,949)
194,736)
1150,468)
196.640)
19,356
6,245
43,949
36.968
130,6601
176.9771
15,551)
27.876
90,364
63,654
40,0731
Restrlelèd funds
Fast track funding
Cutting carbon
Landwort8rs alliance
Labour Rlghts
Conference
Donation5 to be all¢xat8d
313,475
290,863
228.787
128.944
30.094
{318,675}
{289,747)
1224.2361
1134,900)
139,8201
12001
992,163 (1.007,5781
5,200
1,700
80.947
83.763
9,551
10,019
975
725
40,360
15.OCQ
9,001
30,350)
5,551
9.810
123.007
113.143
Total fund$
186,661
1.764.497
11,747,651)
203,507
Page 26

Network For Soclal Change Charltable Trust
Notes to the Financlal Statements for the Year Ended 31 August 2024
Balanea at
Balance at
31 AuguBt
2023
8eptsmb•r
2022
Incoming Resour¢¢s
sourc98
gxpend•d
Transf•rs
Unr8strictod fund¥
General
General Funds
Arts & EdLtcation for
change
Economlc lustice
Green planet
Heallh & welbeing
Human rights
Peace
Unallocatéd
56.077
81.743
172,4161
13,750)
83.654
96.658
107.188
136,500
76.319
102,295
93,933
18.300
1123,584)
179,476)
{113.274)
1106,3281
1109,8491
197.9461
(734
1703.60n
26.926
{27.712}
(23.226)
4,013
117.566
3.750
58.077
712.934
63,654
Ro$tricted funds
Fast tra¢k funduig
Cutting ¢arbon
L8n(Morkèrs alliance
L8bour Rights
Windrush Juslicg
Conferer
Dtsn8b"ons to be allocated
7,112
87.316
289.650
283,937
185.775
119.363
111.313
28,214
15,054
1,033,306
1296,782)
1291,556)
{185,775)
1143.1431
1112.5631
13e,413}
80,947
23.505
1.250
1,250
975
8.924
25,306
1S2.163
725
40,360
1.066,212
123,007
Total fund$
210,240 1.746,240
1,769,819
186.661
Page 27

Network For Social Change Charitable Trust
Notes to the Flnanclal Statements for tho Yaar Ended 31 August 2024
The spee1r￿ purposes forwhich tha fijnds are to be applled are as foll￿$..
Fast Track Funding
For a variety of smalks¢ale projgcts introduced by NSCCT members.
Cutting ca￿On Now {CCN}
Cutting Cart)on Now. CCN airns lo support Ihg Cllmate Change Act 2008, thp independent Committee
on Climate Change {CCCI established by Tt, and tha implementstion of the carbon budgets the CCC
racommends.
Labour Rights ILRI
A group of projects addre88lng justice for workers and protectlng labour rights. Violation TTacker
blows the whistle on corporate malpractice., Cars Cradle prowd&s worker training and edu¢xlion',
Working Familiès carnpaigns on the EMI￿OyMent Bill.
Landwork•rs' Alllanco ILWA)
A member-led OTganisation of famiers, growers, forestors and lan￿aSed workers, the L•ndworkgrs'
Jliance works for a fvture where everyone can access local, heaNhy and affordablè food. and
lan&use system that fijrthers socAal and envirtsnmentsl justi￿.
Don*tion$ to bo Allocated
This is in respect of donations that have been Teceived for a specific proja¢t. but the donor(sl 18 yet to
d¢cide on which projectls) the money should be allocated. Th&se donations may be drawn down over
period of tirne a5 the donorl81 s88 fft.
The TNsts9$ consid8r that 5uffirAent rg$ources are held in an 8ppropriate fomi lo enable the funds to
be applied In aco)rdance with any restrlctions.
Transf•r b•tween Fund•
Charitable donations are pledged for the genaT31 purposes of the CharTty. however, a donor can
Indicate a preference of Ihe proportions de5ignalèd to spacific pledges. However, 8$ no indimdual
knows what has been pledged to a specific pool, there aTe generally mismatches belween the amounl
pledged and the amount requi￿d. At this point, the trustees ar& able to d8signale money between
pools.
17 Analysi5 of net assets bètsv•8n funds
UnTestri¢ted
funds
G•narnl
Total funds
Restrlctsd at 31 August
fund$
2024
CurTent assets
Currant liabilities
151,332
(60.￿6)
90,364
113.143
264.475
60,968
Total net a$sg1$
113,143
203,507
Page 28

Network For Social Change Charitable Trust
Note8 to the Financlal Statements for the Year Ended 31 August 2024
Unrestrictod
funds
Gonoral
Total funds
at 31 August
2023
Restricted
fund$
Cul￿nI assets
Current liabilits'es
72,367
8,713
63,6S4
123,007
195,374
8,713
186,661
Total net assets
123,007
2024
Matgrfal Institutlonal Grants
Charlty No.
Organlgatlon
The Green Alliance Trust
Permaculture Association"
Violation Tracker- via Good Jobs First
Cars Cradle Education and Organising SCIO
Work Rights Centre
Sand Dams Worldwide
Rainforest Foundation UK
Foundation for Integrated Transport"
Endless Medical Advantage
Environmental Investigation Agency UK
Thelma Matilda Alves Foundats"on'
Environmentsl Law Foundation
Peace Direct
Brighouse West yorkshi￿ Area Quaker meeting
Independent Diplomat
BASIC (British American Security Infomialion Council)
Equal Education Chances
Open Trust- Charitable Trust for openDemocracy
APPEAL
The Movernents Trust.
Families Outside"
Turkey Mozaik Foundation"
People's Economy
Finance Innovation Lab
Action on Empty Homes
THIRST, The International Roun Table
Disability Law Servi
Praxis Community Projects
British Friends of QCEA"
Participation and Practice of Rights Project Lld
Egmonl Trust
Restorative Just￿e Council"
Firefly Intemats'onal
1045395
1116699
345,552
207.9S8
50,000
50,000
35,000
25,000
25,000
25.000
20,000
20,000
20,000
19,800
19,700
19,700
19,700
19,700
19.690
19,196
19,000
19,000
19,000
19,000
18,749
18,749
18,749
18.749
18,749
18,640
18,640
18,515
18,188
18,000
17.850
SC052364
1165419
1094478
1138287
1156363
1194717
1182208
1192780
1045918
1123241
1191435
1125699
1001081
1180869
1086404
1144162
1194447
SC025366
1174968
1166046
1165269
27697R (CBS)
1189499
280805
1078945
293776
NIC103673
1186451
1097969
SC028744
Page 29

Network For Social Change Charitable Trust
Notes to the Financial Statements for the Year Ended 31 August 2024
2024
Materfal Instftutional Grants
Chaflty No.
Greater Change Foundation
1188164
North Yorkshire Music Thgapy Centre
702533
Artis FoundatK)n
1174635
Common Wealth
1185967
Positive Youth Foundation
1145284
Earthwatch Europe
1094467
Intemiission Youth Theatre
1190391
The Big House Theatre Company
1151106
Pemiaculture Association {Britsin)
1116699
Permaculture Association, grant was approved for Landworkers Alliance
Restorative Justice Council, grant was approved for Therapeub'c Productions
. Thelma Matilda Aives Foundation, grant was approved for ADHD Babes CIC
The Movements Trust, grant was approved for Common Languages
Familie5 OLrtside. grant was approved for COPE {Children of Prisoners Europe)
Turkey Mozaik Foundation. grant was approved for Sivil Toplum icin De5tek Vakfilsupport
Foundation for Civil Society
' British Friends of QCEA, grant was approved for Quaker Coun¢il for European Affairs
' Foundation for Integrated Transport, grant was approved for Transport Action Ne￿rk
17,540
17,481
17,480
17,480
15.500
15.117
12.500
12,5C4J
12,032
18 Related party transaction8
During the year the charity made the following related party transacthM$'.
The company is associated with Funding for Social Change Limited, with which it has ￿ trustees in
¢ommon.
The administrative services provided by Funding for Social Change Limited for the year ended 31
August 2024 tr)talled £54,84312023.' £56,367). During 2023 there was an additional £10,000 transfer
due lo an adjustment from previous years. The amount due to Funding for Social Change Limited at
31 August 2024 was £10,90312023.' £3.852 due from Funding for Social Change Limited).
During the year the company received, in lotal, donations from its trustees of £146,300 12023..
£166,100).
Page 30