Company registration number.. 02037412 Charity registration number.. 295237 Network For Social Change Charitable Trust (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 August 2025 WESTCOTTS CHARTERED ACCOU117ANTS a •USItrIÉSS ADV15ER$
Network For Social Change Charitable Trust Contents Reference and Administrative Details Trustees. Report 2to13 Independent Auditors, Report 14to17 statement of Financial Activities 18 Balance Sheet 19 statement of Cash Hows 20 Notes to the Finanual Statements 21to33
Network For Social Change Charitable Trust Reference and Administrative Details Trustees: G Howarth C Freeman P Horrocks H Wingfield H Currey Sg¢retsry C Freeman Charity Registration Number 295237 Company Registration Numbgr 02037412 The charity is ineorporated in England and Wales. 26-28 Southernhay East Exeter Devon EX1 1NS Reglsterod Office Audlior Weslcotts (SW LLP Stslutory Audrtor 47 Boutport Street Barnslaple Devon EX31 1SQ Page 1
Network For Social Change Charitable Trust Trustees, Report The tnjslees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditOfS' report of the charitable company for the year ended 31 August 2025. Objectiv8.sJ.nd Aotiviti General objectlves The objectives of NSCCT are lo distribute funds raised through its members in furiherance or advancement or for the benefit of those charities, charitable institutions, or charitable purposes that the Trustees of the cornpany shall in their absolute discretion select and think fit. Publlc benofit The charity continues to make grants lo charities, organisations with charitable objectives and charitable purposes. The Trustees confirm that they have considered the Charity Comrnission's guidance on public benefit and the Charity Commission's updated guidance on Trustees. responsibilities when reviewing the charity's airns and objectives and in planning future activities and setting the grant-making policy for the year. Main obJe¢tfves forthe year Specific objectives for the year were to continue to support the long-term Major Projects (running over several yearsl., to make annual awards for new projects proposed by the six tOPiC-ba5ed Pools (Arts & Education for Change. Economic Justice, Green Planet, Health Justice, Human Rights, and Peace) and to make smaller awards for Fast Track funding projects proposed by individual members. Strategies for achieving NSCCT'S stated objectives Most funds are raised at the NSCCTS conferences in February and Sept8mberlOctober each year, which are attended by about SO of Nsccfs 109 members, although members not attending the conference also contribute to the funds that are raised. Nsccfs strategy is based on the involvement, participation, and generosity of ils mernbers, centd around these conferences. Some further funds are raised twice a year for Fast Track fvjnding projects through an online pledging process. Significant actlvities that contribute to the aehlevement of the slated objectlvgs The biannual conferences ments'oned above provide information for members about the projects and promote trust between members, allowing them to speak frankly about themselves 2nd their individual funding objectives. and lo collaborate successfully on NSCCT'S funding objectives. NSCCT members organise meetings and training sessions relevant to the work of the organisation. Grant4naklng pollcles NSCCT aims to fund organisations both in the UK and overseas which arè likety to effeGt beneficial social ¢hange through osearch, public education, innovatory seNices, and other legal and charitable activities. NSCCT supports organisalions which promote human rights and dignity, further the developrnent of civil society. husband the earth's resources and promote peace and noTrviolence. Page 2
Network For Social Change Charitablo Trust Trustees. Report All projects in the annual Pools cycle are introduced and assessed by members themselves. These grants are paid annually in MarehlApril', organisalions are asked lo report back to NSCCT by the following April on the use they have made of the grants including any challenges encountered and lessons learned. These reports are reviewed, summaiised and circulated to members. The reports on projects sponsored in 2023124 were circulated lo members in the summer of 2D25 and are the latest available to them. Funds for grants to Major Pmjects are raised each Septemberloctober, and paid thereafter, usually on a scheduled basis. These projects undergo a detailed preliminary assessment prior lo formal adoption as a rnulli-year Major Proiecl and present annual progress reports to members. Major Projects are norrnally adopted for a three-year period, with the possibility ol extension for a further three years. Conlinuats'on into a second three-yeaf period requires a detailed evaluation report which has provision for the appointment of an external assessor. Organisations funded under the Fast Track funding system are asked to report back six months after eipt of their grant. The reports are circulated to members of NSCCT who donated to the project. hievements and Lerforry)aocL24 25 This year has seen the continued grant-making lo a range of charitable projects through our Major Projects, Pools and Fast Track funding streams. We supported fi've long-term Major Projects.. the Landworkers, Alliance, Labour Rights, Flying Fair, Fossil Fuels and Insurance, and Community Resilience, as described below. In addition, our Iwo other funding streams continued with a strong range of short- and Tnedium-term project funding. The Pools stream funded 38 projects proposed by our six topic-based Pools (Arts & Education for Change, Economic Justice, Green Planet, Health Justi, Human Rights, and Peacel. This included some new and some repeat applicants. We made 49 smaller awards for Fast Track projects also proposed by individual members. Landworkers. Alllance The Landworkers, Alliance ILWAI is a Transformational Major Project, and thi5 year received a grant of £216,507. This was year five of five in the grant period. The Permaculture Association. a registered harity, acts as charitable partner for the grant. The LWA is a not-for-profil limrted company registered with Companies House, exempt from using Ltd., and with adopted cooperative principles. The LWA is a rnember-led union of small-scale landworkers, foresters, growers, and fishers. Their purpose is to work for a future where everyone can access fresh, healthy, locally-pToduced, affordable food, and a land-use system that furthers social and environmental justice. NSCCT'S support has enabled the LWA to grow its membership, its ability lo develop policies based on solid research, and its influence in the UK and abroad. A5 part of La Vi8 Campesina, the international peasant growers. movement, LWA'5 iepresenlation at the COP meetings has helped raise awareness of the way that small producers build resilience for food in the face of market forces and environmental disaster. Pag8 3
Network For Social Change Charitable Trust Trustees, Report The LWA'S work in Parliament and the House of Lords has aayS been fi'rmly cross-party. The new government's commitments to agroecology and the hard-won Environmental Land Management schemes weren't entirely clear. but ils ministerial appointments to DEFRA and other key posts are encouraging. The LWA has wrillen a lobbying toolkit and is training and empowering members to raise their voices on issues that impact agricultural producb'on." food quality, supply chains, the labour force, training, and improvements for the environment and biodiversity. This is especially important since so many MPS are newly elected without previous clear experience of rLJral conditions. One key win from just before the election.. the Environmental Land Management scheme has been opened to farms of under sha. Small-scale market gardeners, including many LWA members, were previously ineligible for support and were seriousty disadvantaged. There are headwinds. In the UK, the public worries about inflation and food costs. International problems include UkTaine, which ha5 been a bread basket for Europe and Africa. Climate change effects are everywhere. The grant was also used for core work for its members and the LWA'S future, bids for funds from other donors, research grant applications with academic and European partners, DEFRA contracts, and strategic partnerships with food justice and elimate ehange organisations. This project had a second purpose, as well.. lo lesl the efficacy of providing stable long-term core support. Can core support successfully - and sustainably take a good organisalion lo the next level? The preference of many grant-making bodies for discrete projects is well-known. Yet research into core funding has 'found that recipients accelerated their impact by Investing in pay equity,. We are already in discussions about how we can measure the effect of our funding on the LWA and what it means for NSCCT and, potentially, for other funders. Labour Rlghts Major PioJe¢t 2024-2025 was the fourth year of this Major Project, which has both charitable and non<haritable componeTlts. This year's grant for the charitable cornponent5 was £136,919. The project seeks to strengthen support for workets to assert their ri9hts and thus in a small way help to hall the decline in the share of value going to labour over the last 40 years. The Violation Trackgr database has grown entries by 26Vh, web traffic by 730/0 and the number of unique users by 420A lo 249,000, as well as adding new regulators, including the Care Inspectorate and the Local Govemment and Social Care Ombudsman. They have also built links with a number of trades unions and collaborated with campaigning organisations in a wide range of areas. including environment, housing, high pay, and regulation. Violation Tracker are in the eady stages of discussing how their database could be used in procurement to favour finns with few or no violations. Cat's Cradle continued its organising and training work, focusing on the most marginalised, precarious and poorly paid workers and on community groups such as tenant5, unions. Much of the activity lakes place in Scotland where they are based, buf they are also establishing links with similar activist organisalions in the UK and internationally. Now thgt Cat's Cradle has been registered as a Scottish Charitable Incorporated Organisalion it has begun the process of diversifying its funding base. The Work Rights Centre came into the project in September 2023 wilh funding to use artificial intelligence (All to ereale a multilingual digital hub for employment legal infom)alion. This is aimed at migrant workers, but available and relevant for all workers, particulady the most vulnerable who cannot get legal advice. WRC have now built the website infraslrucluie for an Al integration that enables them to translate legal information al scale. and retsin human quality control. They plan to pilot the most promising Al applications, monitor their impact, and report on findings lo build Capacity for the sector. Page 4
Network For Social Change Charitable Trust Trustees, Report Ftying Fair This was the first year of our Flying Fair project, for which we raised £160,296 at its launch in September 24. Aviation emissions are rising quickly and threaten to derail the UK'S climate goals, especially as other sectors decarbonise. Flying is also highty unequal, with a small group of frequent flyers responsible for the majority of emissions while those most affected by climate impacts contribute least. Yel the aviatton industry continues to push for airport expansion and promotes speculative technological fixes unlikely to deliver meaningfijl reductions soon. Public opposition to expansion and support for fairer measures such as frequent-flyer levies are growing, creating an important backdTOP for the Flying Fair project. Flying Fair supports three partner NGOS- New Economics Foundation INEFI, Possible, and Aviation Environment Trust IAETI lo advance aviation demand management and challenge the economic and political narratives underpinning airport growth. Fossil Fuels and Insurance This was the first year of this new Major Project. The Fossil Fuels and Insurance project focuses on influencing the London insurance market, a key global location for insurance for fossil fuel projects which are damaging the planet. NeOrk members pledged £153,228 to support this project in September 2024. Despite an increasingly difficult political elimate-martfed by Trump's withdrawal from the Paris Agreement, UK government support for high<arbon growth, and potential deregulation of the insurance sector4he project remains committed to exerting pressure. The strategy centres on Reclaim Finance IRFI which works through systemic, polrtical and financial ehannels, to build public and institutional pressure. Reclaim Finance has rapidly become an influential voice linking finance to climate justsce, producing respected research, shaping media narratives, and CDordinatsng collective campaigning through the Insure Our Future network. Recent progress includes the publieation of a comprehensive assessment of insurers, Managing agents, fossil fuel policies, growing media scrutiny of insurtrs, stances, and developmenl of a 'red list. of syndicates aimed al guiding investors away from high-risk fossil fuel involvement. RF has also appointed a new London-based campaigner, Luke Whiting, whose professional background in insurance regulation and civil-society coordination strengthens its capacity to challenge fossil fuel insurers during a period of leadership transition and potential policy openings. Communlty Rèslllence The Comrnunity Resilience projecl, launched in September 2024 with £96,835 in funding, aim5 to strengthen the capacity of UK communities to respond and adapt to climate change. Rising global temperatures and extreme weather events are expected to disrupt food supplies, infrastructure, and social Cohesion, yet national and local preparations remain limited. Building on previous research identifying eight major threat areas-from extreme weather and energy to social disorder and inforniation system failure-the project focuses on practical, community-led interventions that combine malenal. social, and emotional resilience. By linking grassroots climate actson with wellbeing, policy, and cross-sector collaboration, the initiative seeks to create incluswe frameworks enabling Communities to sustain themselves and respond effectively to disruption. Page 5
Network For Social Change Charitable Trust Trustees, Report In its first year, the project conducted a scoping study with 28 community groups through Cooperation Hull, which highlighted gaps in UK-wide climate adaptation neOrkS. interest in deliberative gatherings, a desire for shared resources and 'pDolkits,' and weak unnections beeen ststulory services and voluntary groups. These insights infomied early design and consultstion wth key organisations, including the Scottish Communities Climate Action NeOrk ISCCANI, Caden Roundtable, Collective Abundance, Tipping Point, Being the Change Affinity Nelwork. Shared Future, and Kingston Hive, as well as satellite contributors such 25 New Economy Organisers Neork INEONI. New Weather Institute, and Decolonising Economics. This collaborative approach ensures that pilot initiatives and long-term planning are informed by both expertise and local community perspectives, fostering shared ownership and practical impact. The fir51-year focus was on proof-of•concepl aclivilies, including a 0-daY in-person design workshop with the core group, partner organis8tions, and local representatives. Workshop objectives included defining research and pilot initiatives, identifying implementation leads, and outlining direction for Years 2-3. Eady pilot initiatives include training 'catalytic enablers" to support local groups, convening regional networks, dèveloping Community Resilience Plans with practical tools, ernbeddin9 emotional and psychological resilience. and slrenglhening links betsveen statutory services and voluntary organisations. Over the next two years. the project will scale these pilots. hold larger gatherings, and expand geographic coverage, supported by indicative budgets of £150-200K per year. Governance is shared beleen The Movements Trust, the Project Director, a core group, and a steering group. Overall, the project pn)vides a practical, inclusive. and collaborative framework that empowers communities, slrenglhens social infra51ructure, and links grassroots ¢limate action with broader policy and resilience strategies. Cuttlng Carbon Now {CCN) This was a Major Project running from September 2018 to September 2024, delivered through funding to Green Alliance and overseen by a Core Group of NebMort( members. Its core aim was lo support the UK government in achieving greenhouse gas emission reduction largels, primarily by influencing policy under both Conservative and Labour administrations. Over the course of the project, government decarbonisation targets became more ambitious. The evaluation concluded that the project successfully adVand ils objectives.. emissions, policy development, and implementation were all further progressed by the end ol the period, exceeding expectations latiVe to original carbon budgets. While it is difficult lo attnbute speafic policy outcomes directly to the project, Network support clearly enabled Green Alliance lo intluence key proposals, maintain climate ambition under a sometimes hostile government, and contn.bute to broader eollaboration within the environmentsl NGO sedor. The evaluation made clear ComMendatIOnS for future Major Projects. Nehvork should reflect on the appropriate balance of control and involvement for volunteer Core Gioups overseeing expert partners, ensure strategic alignmenl with grantees trom the outset, and assess the skills and capacity of Core Groups to actively shape projects. Time for liaison should be factored into budgets, and inleriTn evaluations must be taken seriously with clear dlSiOnS and follow-up r8PQrting. Finally, NeOrk should consider light-louch post-project reflection, such as g final review or presentation, lo capture longer-tem impacts and consolidate learning. These le550ns aim to strengthen the effectiveness, clarity, and impact of future Major Projects. Page 6
Network For Social Change Charitable Trust Trustees. Report Operational Achievements We have continued and developed our remote working pradices such that Directors and other meetings are generally held online. and project assessments may be online if meeting in person is impractical. Wè are very grateful to the great IT skill and patience of our Admin manager and tech team, who continue to work hard lo digitise our operations, and to our volunteer conference organising teams. We have run some tech training sessions with an external provider, in order to enable all members to keep their tech skills up to dale. Grant giving We continue to rethink the conditions under which we make our grants. Adheonce to the leg81 requirements goveming Nsccfs activity is of eourse our foremost concern in this regard. but we are also conscious that the smaller organisations we fund should not be burdened with overly onerous responsibilities, and we seek solutions that satisfy both these criteria. The new grant conditions for our Fast Track projects were implemented in 22123, and those for stsndard Pools projects, along with revised conditions for partner projects and Major Projects were implemented in 23124. October 24 conference - New Lanark Mllls In Scotland. The New Lanark Conferen in September 2024 at New Lanark Mill Hotel focused on "How Can We Help Bring About Effective Social Change?. Despite travel disruptions caused by a fallen tree and train cancellations, participants arrived gradually via alternative routes. The venue provided comfortable accommodation and meeting spas, wilh technical support ensLJring that plenary sessions were successfully live-streamed. The conference included early-moming movement sessions, engaging plenaries such as Lesley Riddoch on community empi)werment, and smaller group discussions on topics including local aulhorilies, food security, protest, participatory grant-making. land ownership. and democratic confederalism in Rojava. Afternoon excursions lo Little Sparta and Clydesdale Community Initiatives, along with self-guided walks lo Ihe Falls of Clydg, added variety lo the programme, though transport In rural areas proved challenging. The conference also featured presentations from ongoing and new major projects, including updates on Windrush, Landworkers, Alliance, Labour Rights, climate projects, and Cutting Carbon Now, with projects generally meebng or exceeding their tsrgets. Social and cultural aclivilies, including a singing workshop, a New Lanark lour, paty performances, and a llIdh with storytelling. were well received. Meals were primarily vegetarian. Pools meetings, a business meeting, and final reflections allowed members to discuss Nebmork matters and personal takeaways. Overall, the conference was highly rated, though some logistical and ealering issues were noted, and a number of attendees contracted Covid, highlighting the potential need for future health precautions. February 25 Conference- Cralglands Hotel, Ilkley The February 2025 NeOrk Conference was held at Craiglands Hotel in Ilkley after the original venue near Bradford became unavailable due to a large wedding. Organisers quickly adapted, ensuring the venue mel technical, catering and logistical needs. The conference aimed to strengthen connections with Bradford and Ilkley, provide a sustainable and inclusive event. and support both in-person and remote participants. Key pnnciples included engagement wilh local culture, sustainable catering, and creating a positive experience for those joining via Zoom. Page 7
Network For Social Change Charitable Trust Trustees. Report The event featured a mix of plenary sessions. small-group discussions, and field visits. Highlights included a keynote speech from Kersten England on Bradford's City of Culture 2025 plans, srnall*roup sessions on "inner work,. and project visits in Bradford despite delays caused by traffic. Presentations included work from the Chaplaincy at the Ma9islrates Court, activists funded for retreat in lona, and the theatre company Common Wealth. Meals incorporated local traditions, such as food from Betty's and a lebratOry meal al My Lahore, though catering for vegans could have been improved. Saturday and Sunday included SWOT analyses, Pools presentations. workshops, AGMS, and 8 business ffleeting. Social and cultural activities Included singing, pilates, and local-themed elebrations. Key lessons learned focused on improving technical arrangements for hybrid participation, ineluding microphone etiquette, PowerPoint handling, and Zoom setup. Organisers also identified minor logistieal challenges, such as travel lime belNeen venues and catering adjuslrnenls, and suggested displaying the NeOI1(.S values more prominently for reflection and engagement. Raclal Justice working group IRJWG The Raual Justice Working Group {RJWGI was set up following the September 2020 conference. We have fluallng membership of around a dozen members. The group has continued to meet almost bimonthly online since 2020. Its role is to spread information and promote Ne0[ funding for groups and projects led by and for racially minoritised groups in the UK and globalty. Enabllng Access to Fundlng Funding was raised at the September 2024 Fast Track to get help in convening a meeting with the funders who responded positively to the earlier research project, reported on last year. Support for our proposals was secured from Social Change Ne51 which continued throughout the year. However, the meeting with other funders to establish a pooled fund to address racial and climate justice, which was intended for March 2025 did not work out, because of too little take-up. Meanwhile the project was renamed Resourcing the Grassroots , and three members in particular are taking this work forward. Helrs of Slavery This organisation, run by members of the Trevetyan family, has been estsblishing itself over the past o years. Their website has a wealth of information and resources designed to help those of us who have, or may have. family connections lo slavery to find out more and address the issue of reparations. Two of the founders, John Dower and Alex Renton, did a talk for us in May. Assessors, Guldellnes We prepared some additions to the Assessors, Guidelines about how to approach groups that may not be charities or even incorporated, and the importance of being sensltive lo cultural, social and literacy issues. These have been incorporated into the main Assessors, Guidelines. Project Notlc8board We have been looking out for ways to help projects who apply to our online application space. This year we added a link to an open database of ndIng organisalions and grants, hosted by the UK Democracy Neork. Page 8
Network For Social Chang• Charitable Trust Trustees, Report Archiving The process of archiving Netsvork's papers is a tricky and lime-consuming one, with many issues lo be considered along the way. The case for making our records available to researchers of today and of future generations does not need restating, and we are fortunate to have perhaps the UK'S foremost arehive of philanthropy-related papers-the Centre for Philanthropy al University of Kent-eager lo receive ours. The specialists at this repository recognise that Network does things differently, and know that other organisations can learn from our practice and our 40 years of experienee. A longstanding member of network is currently sorting the non digilised papers we hold. He has now recorded almost all the projects undertaken beeen 1985 and 1992 on a spadsheel, and his WOTk will be invaluable for our 40th yea( celebration in September 2025. There are still oulslanding issues that require serious consideration, such as confidentiality and GDPR which remain to be resolved. 1115 anticipated steps will be taken ifb 25126 to ascertain members views as to the form and retention of data. Membershlp During the year the total membership of the charity was 109 individuals189 subscriptions 12024". 1111891- There are fewer subscriptions than individual members because some couples have a single subscription. These figures include 15 "Associates members who have largely ietired from active participation, bul who wish to remain part of the NeOrk Community- We continue lo recruit actively through member netwoths and word of mouth. Financlal revlew Total incoming reSoUrS for the year ending 31 August 2025 were £1.958,828, with total resources expended of £2,017,300. Total funds carried forward are £145,035. NSCCT has no employees all the necessary work, other than administration, is carried out by the members on a voluntary basis. The Trustees would like to pay IribLJte to this substantial collaborative voluntary effort. Funding for Social Change Limited IFSC Ltdl is an associated company with members and some Directors in common. NSCCT has the part-time use of the services of the Administrator employed by FSC Ltd. The fee trom FSC Ltd for administrative services thi5 yeaf was £58,23512024' £54.8431. Reserves policy 11 is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately 3 to 6 months, unrestricted administrative expenditure, which based on the 2025 accounts amounts lo a figure between £33,650 to £67,300. Operating reserves as at the year-end were £81,333. Trustees review the reserves figure quarterly and may seek to increaselreduce reserves, if ne$sary. by modifying the admin fee payable by all members on donatsons13.SYo in 2024-251. The Trustees are not aware of any material uncertainties that would cast doubt on the charitys ability to continue as a going GonGern. Capitalisation pollcy The Trustees have adopted a capitalisation threshold for fixed asset5 of £1,000. Page 9
Network For Social Change Charitable Trust Trustees. Report Investment powers and pollcy Under the Articles of Association. the charity has the power to make any investment which the Trustees see fil. 11 is the normal practice of the charity to pay monies received out as grants and thus not to build up investments beyond necessary reserves. Trustees review cash holdings quarterly lo ensure that we are receiving maximum interest possible. Prlnclpal fundlng sources All funds are raised by voluntary contributions from resources available lo individual members of NSCCT. We do not accept funding from extemal source5. Incoming funds are usually allocated to a project at the time of receipt. This year we reiVed income of £1,200 that has yet to be allocated lo specifio project. These monies are held within a restricted fund for allocation through our usual funding SIaM$. How Expenditure in the year has supported the key objectives of the Charity The objective of NSCCT is to make grants for charitable activities. In accordance with our objectives, £1,878,166 1930/0} of expenditure this year was on grant funding through our three fiJnding streams (Major Projects, Pools, and Fast Track Fundingl- Description of Principal Risks and mitigation measurns The Trustees continued their practice of conducting an ongoing analysis of risks and have taken steps as below to mitigate the most significant of Ihese.'_ Loss of key staff. The charity purchases administrative servi$ from Funding for Social Change Ltd under a contract that is reviewed annually. The Admin Manager employed by FSC Ltd is supported by members who have relevant IT and Admin experience as well as by freelance IT and web support personnel. The Trustees have put in place measures lo miligale any loss of key personnel. We have been very fortunate in 24125 to have the setvices of an experieneed Admin Manager. to whom we are very grateful. We have been further strengthening our procedures in the year to August 25 to better strenothen our caparyly to overcome such an issue should it arise in future. Professional support Systems fail or are inadgquate. Closely tied to the risk of losing key staff, we are reliant on the professional input ol individual members who undertake key admin and IT roles. The risk of losing these key, qualified members is significant in terms of its impact on the organisalion. To help mitigate this risk. we are requiring FSC to strengthen its IT and admin skills. We now use standard financial soare Ixerol which greatly reduces the risk of financial data being compromised. Our ac¢o¥Jntanls have significant systems expertise and have supported us with financial IT decisions and implementatson. We continue lo make changes in this area which will make our IT and financial system5 more robust. Loss of members 11088 of active members. Our membership numbers are relatively stable, bul our members are a9eing. The risk we perceive is that there may become fewer active members who can undertake the roles upon which Network depends. We have been aware of this risk foi some years. Our continuing miligats.on efforts include a focus on recruiting younger members., nurturing and supporting new and existing members in their roles., developing systems to support member roles., training for members in taking on roles., and a focus on member retentson through our face lo face meetings and online social engagement. Page 10
Network For Social Change Charitable Trust Trustees. Report Effectlveness of Grants. All our funding decisions are made by our members. and we take steps to provide training and support in charitable grant-making. We have a strong due diligen process, but there remains a risk that the grants we make a not providing best value for the intended recipients. To reduce this risk, our more experienced members worf( lo support those who are newer to granl-making . We are a member of the Association of Charitable Foundations IACFI and encourage OLJr members to partake of their training Opportunities. All projects in each of our three funding streams are required to pmvide appropriate evaluation reports which are reviewed and made available to all members. We encourage ongoing discussion of impact. We rewgnise that some projects will not achieve all their objectives,. for example the project Cutting Carbon Now aims al faster UK carbon budget reductsons than is being achieved bul we ¢on51der the project successful in doing everything possible within its limited powers. Plans for Future Periods We will be continuing our work with the UK Philanthropy Archwe at the UnNersity of Kent. We have a recently updated public website which we regularly review and update. This will feed into ongoing outreach efforts. We are continuing to update our grant processing and management procedures and systems. Inductlon and tralnlng of Trustees NSCCTS policy is Ih?l only active members of NSCCT are appointed as Trustees so newly appointed Trustees already have a good knowledge of NSCCT'S objectives and activities. Some will already have served as Trustees on other charitable bodies. There are no outside appointments. New Trustees are supported to undertake training appropriate to their role. Dec18ion-making The companys AGM lakes place al the spring conference each year. Maller5 related lo the running of NSCCT are additionally discussed al the biannual conference business meetings and annual Guardians meetings lo which all membets are invited. All members are encouraged lo contribute to the running of the charity, as conference organisers, co-ordinators, convenors, pool members, links with specialist sub-groups, or as Trustee3. NSCCT members are personally active in sponsoring, a55e55ing, selecting. and commending projects for funding. Our processes are designed to encourage mernbers to find worthwhile projects, assess their potential and evaluate their achievements. Those without previous experience of such an undertaking work alongside a more eXperiend member. Members work together to make robust funding decisions with every attempt to avoid implicit bias. They support each other in the decision-making pro¢e55. Whilst members drive the process, it is clearly understood that the legal responsibility for the distribution of funds raised lies with the Trustees. Trustees follow guidance from the Charity Commission on granl-making, particulady where the organisalion applying for funds is not itself a UK charity. Our due diligen process involves scrutiny by a committee of six experienced members (the Charity Slalus Groupl as well a5 by TvJstees. We work closely with the Directors of Funding for Social Change Ltd IFSC Lldl and often refer projects to them if we feel that they are not suitable to receive charitable funding, How the charity is constituted The charity is constituted as a company limited by guarantee. registered on 15 July 1986. The current ArtIGles of Association for the charity were drawn up by Bates Wells & Braithwaite London LLP and adopted on 21 February 2014. Page 11
Network For Social Change Charitable Trust Trustees, Report Arrangements of settlng the pay of key management The charity has no paid staff. Trustees are not paid, and 811 members carry out their work for the charity on an entirely voluntary basis. Statement of trustees. respon$ibillties The trustees (who are also the directors of Network For Social Change Charrtable Trust for the purposes of company lawl are responsible for preparing the trustees. report and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Finanaal Reporting Standard applicable in the UK and Republic of Ireland" The report and attounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to srnall companies. Company law requires the trustees to prepare financial statements for each finanThal year. Under company law the ttustees musl not approve the ffnancial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including ils income and expenditure, of the charitable company for that period. In preparing these financial stalemenls, the trustees are required to". select suitable accounting policies and apply them consislenlly., observe the methods and principles in the Charities SORP; make Judgements and estimates that are reasonable and prudent.. slate whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the f nancial statements., and Ppare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the finanryal position of the charitable company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Di$¢losure of infornialion to auditor Each Iruslee has taken steps that they ought to have taken as a trustee in order lo make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The trustees confirm that there is no relevant information that they know of and of which they know the auditor is unaware. Small companies provision statement This report has been prepared in accordance with the small companies regime under the Companies Act 2006. Page 12
Network For Social Change Charitable Trust Trustees. Report The annual report wa8 approved by the trustees of the eharity on behalf by.. and signed on its C Freeman Company secretary and trustee Page 13
Network For Social Change Charitable Trust Independent AuditoVs Report to the Members of Network For Social Change Charitable Trust Opinion We have audited the finanaal slalements of Nelwork FOT Social Change Charitable Trust (the 'eharity'l for the year ended 31 August 2025. which comprise the Slalemenl of Financial Adivilies, Balance Sheet, Stslemenl of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is United Kingdom Accounting S18ndards. comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and applicable law {United Kingdom Generally Accepted Accounting Praclicel. In our opinion the financial statements". give a true and fair view of the slate of the charity's affairs as at 31 August 2025 and of its ncoming resources and application of resources, including ils income and expenditure, for the year then ended,. have been property prepared in a¢¢ordance with United Kingdom Generally Accepted Accounting Practi., and have been prepared in acwrdance with the requir8m8nls of the Companies Act 2006. Basis for opinlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our resFnS1bil1tieS under those stsndards are further described in the auditor responsibilities ft)r the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial statement5 in the UK, including the FRC'S Ethical Standard, and the provisions available for small entities, in the ¢ircumslance5 sel out in note lo the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is Sufficient and appropriate to provide a basis ft)r our opinion. Conclusions relating to going concern In auditing the financial statements. we have concluded that the trustees use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomed. we have not identsfied any material untsrtainlies relating to events or conditions that, individually or collectively, niay cast significant doubl on the charity's ability ID continue as a going concern for a period of at least e1ve months from when the original financial statements were aulhorised for issue. Our responsibilits'es and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other Informatlon The trustees are responsible for the other inform21ion. The other inforn)ation comprises the information included in the annual report, other than the financial slalemenls and our audilorfs report thereon. Our opinion on the financial statements does not cover the other infomiation and, except to the extent otherwise explicitly st8ted in our report, we do not express any fom of assurance conclusion thereon. Page 14
Network For Social Change Charitable Trust Independent Auditorfs Report to the Members of Network For Social Change Charitable Trust In connection with our audit of the financial statements, our responsibility is to read the other information arbd, in doing so, consider whether the other intormation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such malerial inconsistencies or apparent material misststements, we are required lo determine whether there is a material misstatement in the financial slalemenls or a material misstatement of the other information. If, based on the work we have perfomed, we conclude that there is a material misststement ot this other infomiation, we are required lo report that fact. We have nothing lo report in this regard. Oplnlon on other matter prescribed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information 9iven in the Trustees, Report for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Trustees, Rgport has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exceptlon In the light of our knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees. Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us lo report to you rf, in our opinion.. adequate accounting records have not been kept, or retums adequate for our audit have not been received from branches not visited by us,. or the financial slalemenls are not in agreement with the accounting records and returns., or certain disdosures of trustees remuneration specified by law are not made,. or we have not received all the infomiation and explanations we require for our audiL Responsibilities of trustees As explained more fully in the Slalemenl of trustÈes' responsibilities Isel out on page 121, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give 8 true and fair view, and for such internal control as the trustees determine is neeessary to enable the preparation of financial statements that are free from material misstatement, whelher due lo fraud or error. In preparing the financial slalements, the trustees are responsible for assessing the charity's ability to continue as a going concem, disclosin9, as applicable, matters related lo going concern and using the going concern basis of accounting unless the trustees either intend lo liquidate the charity or lo cease operations, or have no realistic altemative but lo do so. AuditOT responsibilitles for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial slalements as a whose are free from material misstslement, whetheT due lo fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misslatemenls can arise frorn fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial statements. Page 15
Network For Social Change Charitable Trust Independent Auditor's Report to the Members of Network For Social Change Charitable Trust Irregularities, including fraud, are instances of non-compliance with laws and regulation5. We design procedures in line with our responsibilities, oullined above, lo detect material misstatements in respect of irregularities, including fraud. The extent lo which our procedures are capable of detecting irregularities, including fraud is detailed below.. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial slalemenls from our general commercial and sector experience and through discussions with the trustees and other management. We communicated identified laws and regulations throughout our team, and remained alert to any indications of non-compliance throughout the audit. The ¢harity is subject to laws and regulations that govern the preparation of the financial statements. including financial reporting legislats'on. and other companies legislation. The company is also subject lo other 18ws and regulations where the consequences of non-compliance could have a Material impact on the amounts or disclosures within the financial slatemenls, including employment. anli-bribery, anti-money laundering and certain aspects of Companies legislation. Owing lo the inherent limitations of an audit, there Is an unavoidable risk that we may not have detected scme material misslaternent5 in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. In any audit, there remains a higher risk of non4etection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to delect non-compliance with all laws and regulab'ons. As part of an audit in accordance with ISAS (UKI. we exercise professional judgement and maintain professional seepticism throughout the audit. We also". Identify and asses5 the risks of material misslalemenl of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate lo provide a basis for our opinion. The risk of not detecting a material misststement resulting from fraud is higher than for one results'ng from error, as fraud may involve collusion, forgery. intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charity's internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of a¢¢ounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees use of the going concern basis of accounting and, based on the audit eviden obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubl on the charity's ability to Gonlinue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attents'on in our audiloff s report lo the lated disclosure5 in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our condusions are based on the audit evidence obtsined up lo the dale of our auditor's report. However, future events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements. including the disclosures. and whether the financial ststements represent the underlying transactions and events in a manner Ih?t achieves fair presentats"on. Page 16
Network For Social Change Charitable Trust Independent Auditor's Report to the Members of Network For Social Change Charitable Trust Obtain sufficient appropriate audit evidence gardIng the financial information of the enlrties or business activities within the charity lo express an opinion on the financial statements. We are responsible for the direction, supervision and performance of the charity audit. We remain solely responsible for our audit opinion. We Communicate with those charged with govemance regarding, among other matters, the planned scope and timing of the audit and significant audit rindings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report is made 501ely lo the chatilable company's trustees, as a body, in aecordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charity's trustees those matters we are required to stale to them in an auditor's report and for no other purpose. To the fijllest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its trustees as a body. for our audit work, lor thi5 report, or for the opinions we have formed. Catherine Williams FCA DChA (Senior Statutory Audilorl For and on behalf of Westcotts ISWI LLP, Statutory Auditor 47 Boutport street Barnstsple Devon EX31 1SQ Page 17
Network For Social Change Charitable Trust Statement of Financial Activities for the Year Ended 31 August 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrèstrlcted funds Re$triGted funds Total 202S Total 2024 Note Income and Endowments from: Donation5 and legacies Investment income 730,413 7,974 1,220,441 1,950,8S4 7,974 1.759,794 4,703 Total income 738.387 1,220,441 1,958,828 1,764.497 Expendlture on: Charitable activities 735,384} {1,281,916 {1,281.9161 12,017,300) 11,747.6511 {1,747,6511 Total expenditure 1735.384) {2.017,3001 Nel incomellexpenditure} Transfers belAveen funds 3,003 12,034 161,4751 12,034 158,4721 16,846 Net movement in funds {9,0311 149,441} 158,4721 16,846 Reconciliation of funds Total funds brought forward 90,364 113,143 203,507 186.661 Total funds carried forward 16 81,333 63,702 145,035 203,507 AJI of the charity's activities derive from continuing opeffttions during the above periods. The funds breakdown for 2024 is shown in note 16. The notes on pages 2110 33 fom an integral part of these financial statements. Page 18
Network For Social Chango Charitable Trust (Registration number.. 02037412) Balance Sheet as at 31 August 2025 2025 2024 Note Current assets Debtors Cash at bank and in hand 13 14 1.455 208.418 19,911 244.564 209,873 264,475 Creditors: Amounts falllng duo within one year 15 164,838) 145,035 160,9681 203,507 Ngt assets Funds of thg charity: Restricted incomo funds Reslricled funds 63,702 113.143 Unrestrioted income funds Unrestricted hjnds 81,333 90,364 Total funds 16 145,035 203.507 These financial statements have been prepared in accordan with the special provisions relating lo companies subject lo the small companies regime within Part 15 of the Companies Act 2006. The financial statements on pages 18 to 33 were approved by the Iruslees, and 8lJthorised for issue and signed on their behalf by.. C Freeman Company secretary and Iruslee The notes on pages 2110 33 form an integral part of these financial statements. Page 19
Network For Social Change Charitable Trust Statsment of Cash Flows for the Year Ended 31 August 2025 2025 2024 Note Cash Ilows from operating activities Net cash lexpenditurellincome 158,4721 16,846 Adjustments to cash Ilows from non-¢a$h items Investment income {7,974 166,4461 {4,703} 12,143 Working capital adjustments Decreasellincreasel in debtors Increase in creditors 13 15 18.458 3,870 116,0591 52.255 Net cash flows from operating activities {44,1201 48,339 Ca$h flows from Investlng aetlvltles Interest ceivable and similar income 7,974 4,703 Nel Idecreasellin¢rease in cash and cash equivalents Cash and cash equlvants at 1 September Cash and cash equivalents at 31 August (36, 146} 244,564 53,042 191.522 208,418 244,564 All of the cash flows are derived from continuing operations during the above kn periods. The notes on pages 21 to 33 form an integral part of these financial statements. Pago 20
Network For Social Change Charitable Trust Notes to the Financial Statements for the Year Ended 31 August 2025 1 Charity status The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable lo contiibute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office is-. 2S-28 Southemh8y East Exeter Devon EX1 1NS 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to 811 the years presented, unless otherwise stated. Statement of compllance The financial slalemenls have been prepared in accordance with Accounting and Reporting by Ch2ribes." Statement of Recommended Practice (applicable to charities preparing their accounts in ccordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211 (issued in October 20191- (Charities SORP IFRS 102}I, the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 and the Companies A¢t 2006. Basls of preparatlon Nerk For Social Change Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historic81 cost or transaction value unless otherwise staled in the relevant accounting policy notes. The financial statements are prepared in 5teding which is the functional currency of the charity. Golng concern The trustees Consider that there are no material uncertainties about the charitls ability lo conb'nue as a going concern nor any significant areas of UnrtaInty that affect the carrying value of assets held by the charity. Income and endowments All income is recognised once the charity has entitlement lo the income. il is probable that the income will be received and the amount of the income receivabFe can be measured reliably. Page 21
Network For Social Change Charitable Trust Notes to the Financlal Statements for the Year Ended 31 August 2025 Donations and legacies Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject lo conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those ndItio[b8 are fully mel, or Ihe fulfilmenl of those condition5 is wholly within the control of the chafity and it is probable that these conditions will be fulfilled in the reporting period. Legacy gifts are recognised on a case by case basis following the grant of probate when the adminislralorlexecutor for the eslale has communicated in writing both the amount and seluement date. In the event that the gift is in Ihe form of an asset other than cash or a financial asset traded on a recognised stock exchange, CognItion is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the tille to the asset having been transferred to the charity. Investment incom• Dividends are recognised once the dividend has been declared and notification has been received of the dNidend due. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allttated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitable actlvlties Charitable expenditure wmprises those costs incurred by the eharily in the delivery of its activities and services for its beneficiaries. It includes l)olh costs that can be allocated directly lo such activities and those costs of an indirect nature necessary to support them. GrantproviTsions Provisions for grants are made when the intention to make a grant has been communicated lo the recipient but there is uncertainty about either the liming of the grant or the amount of grant payable. Support Costs Support costs include central fvjnctions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example. allocating property costs by floor areas, or per capits, staff costs by the lime spent and other costs by their usage. Taxation The charity is considered to pass the tests sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a tharilable company for UK corporation tax purpose5. Aecordingly, the charity is potentially exempt from taxation in respect of income or capital g?in5 received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Sects'on 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Page 22
Network For Social Change Charitsble Trust Notes to the Financlal Statements for the Year Ended 31 August 2025 Cash and cash gquivalonts Cash and cash equivalents comprise cash on hand and call deposits, 2nd other short-term highly liquid investments that are readily wnvertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund structure Unrestricted income funds are general fijnds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Restricted income ftjnds are those donated for use in a particular area or for spe¢ific purposes. the use of which is restricted to that area or purpose. Financlal Instruments Classrfication Financial assets and financial liabilities are recognised when the charity becomes a paty to the conlraclual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered Into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deduchng all of its liabilities. Recognition and mgasurom•nt All financial assets and liabilities are initially measured at transaction price linduding transaction costsl, except for those fi'nancial assets classified as 8t fair value through profil or loss. which are Initially measured at fair value Iwhich is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an ariangemenl conslitules a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted al a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to Set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liabilty simultaneously. Financial assets a derecognised when and only when a} the contractua5 rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or cl the charity, despite having retained some, bul not all, significant risks anrj rewards of ownership, has transfeired control of the asset to another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Page 23
Network For Social Change Charitable Trust Notes to the Financial Statements for the Year Ended 31 August 2025 3 Ineome from donations and legacles Unrestri¢t8d funds Restrlcted funds Total 2025 Donations Legacies Gift aid reclaimed 661,470 1,437 67,506 1.124,679 1,786,149 1,437 163,268 1,950,854 95,762 1,220,441 730,413 Unrestricted funds Restricted funds Total 2024 Donations Legacies Grft aid reclaimed 695,973 1,033 70,625 876,069 1,572,042 1,033 186.719 116,094 992,163 767,631 1.759,794 4 Investment Income Unrestricted funds Total 2025 Interest receivable on bank deposits 7,974 7,974 Unrestrlctod funds Total 2024 Interest receivable on bank deposils 4,703 4,703 Page 24
Network For Social Change Charitable Trust Notss to the Financial Statements for the Year Ended 31 August 2025 S Expend?ture on charitable activitie$ Unrestrlcted funds Restricted funds Total 2025 Note Charitable a¢livilies Grant funding of activities Allocated support costs 64.109 666.740 4.535 70,490 1,211,426 134,599 1,878,166 4,535 735,384 1,281,916 2,017.300 Unrestricted funds Restricted funds Total 2024 Not Charitable actNlties Grant funding of activities Allocated support costs 46,598 688,994 4.481 52,767 954,811 99,365 1,643,805 4,481 1,747,651 740,073 1.007,578 6 Analysis ofsupport costs Support costs allocaled to charitable aetlvlties Total 2025 Totsl 2024 Audit fees Other office costs 4,434 101 4,307 174 4,535 4,481 7 Grant-making Analysis of grants 2025 2024 Analysis Grants lo institutions 1,878,166 1,643,805 Page 25
Network For Socbal Change Charitable Trust Notes to the Financial Statements for the Year Ended 31 August 2025 8 Net incominglovtgoing rg¥ourc8s Net loutgoingllincoming resources for the year inelude.. 2025 2024 Audit fees 4,434 4,307 9 Trustees remunèration and expenses No trustees, nor any persons conneGled with them, have rec8ived any mUnerab.On from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. 10 Staff cost$ During the year. the charity had no employees12024.. Nil) 11 Auditors. remuneration 2025 2024 Audit fees 4.434 4,307 12 Taxation The charity is a registered charity and is therefore exempt from taxats'on. 13 Debtors 2025 2024 Trade debtors PpaymentS 675 780 9,514 10,397 1,455 19,911 Page 26
Network For Social Change Charitable Trust Notes to the Financial Statements for the Year Ended 31 August 2025 14 Cash and cash equivalgnts 2025 2024 Cash at bank 208,418 244,564 15 Credltors: amounts falllng due within on• ygar 2025 2024 Trade creditors Other creditors Aru81$ 614 56,394 3,960 60,678 4,160 64,838 80,968 Page 27
Network For Social Change Charitable Trust Notes to the Financial Statements for the Year Ended 31 August 2025 16 Funds 8alance at 1 September 2024 Balance at 31 August 2025 Incoming Resources resource$ èxpended Translers Unrestricted funds General Funds Arts & Education for Chang8 Economic Justice Green Planet Heallh & Wellbeing Human rights Peace Unallocated 62,488 95.242 153,5891 122,808} 81,333 81,500 84,900 99,363 103,000 103,500 101,600 69,282 738,387 1114,8421 1118,5411 196,3531 {116,0001 1141,1011 {94,958} 33,342 33,641 13,0101 13.000 37.601 16,642) 197.158} 12,034 27,876 90,364 735.3841 81,333 Restrictod funds Fast Track Funding Cutting Carbon Landworkers Alliance Labour Rights Conference Donations to be allocated Flying Fair Community Resilience Fossil Fuels 370,525 (357,5651 174,8601 {216,507} {141,080} {70,290} 12,960 8,903 17,404 10.824 83,763 9,551 10,019 224,360 141,885 58,429 11,861 9,810 12001 1163,9811 1100,5201 {156.913 1,281.9161 9,610 2,129 166,110 100,347 158,785 173 1,872 113.143 1,220,441 12,034 63,702 Total funds 203,507 1,958,828 12,017.300 145,035 Page 28
Network For Social Change Charitable Trust Notes to the Financial Statements for the Year Ended 31 August 2025 Balance at 1 September 2023 Balance al 31 August 2024 Incoming Resources resources expended Transfers Unrestricted funds Geneol Funds Arts & Education for Change Economic Justice Green Planet Health & Wellbeing Human rights Peace Unallocated 63,654 92,681 (51.0791 142,7681 62.488 92.100 87.500 98,000 56,400 113,500 127,300 104,853 {111,4581 {93,7451 1141,9491 (94,7361 1150,4S81 196,6401 19,356 6,245 43,949 38,336 36,968 130,6601 176.9771 5,551) 27,876 63,654 772,334 1740,0731 90,364 Restricted funds Fast Track Funding Cutting Carbon Landworkers Alliance Labour Rights Conference Donats'ons lo be allocated 313,475 290,863 228,787 128,944 30.094 1318,6751 1289,7471 1224,2361 1134,9001 139,8201 5,200 1,700 5,000 15,000 9,001 80.947 83.763 9,551 10,019 975 725 40,360 12001 {1,007,578} 130.3501 5.551 9,810 123,007 992,163 113.143 Total funds 186,861 1,764,497 {1,747,6511 203,507 Page 29
Network For Social Change Charitable Trust Notes to the Financial Statem•nts for the Year Ended 31 August 2025 The specific purposes for which the funds are lo be applied are as follows= Fast Track Funding For a variety of small-scale projects introduced by NSCCT members. Cuttlng Carbon Now (CCN) Cutting Caffoon Now, CCN aims to support the Climate Chan9e Act 2008, the independerbt Committee on Climate Change {CCC} established by it, and the implementation of the carbon budgets the CCC recommends. Labour Rights {LRI A group of projects addressin9 justice for workers and protecting labour rights. Violab'on Tracker blows the whistle on corporate Malpracti., Cat's Cradle provides worker training and education., Working Families campaigns on the Employment Bill. Landworkers, Alllance ILWA A member-led organisalion of farmers, growers. fOSterS and land-based workers, the Landworkers. Alliance works for a future where everyone can access local, healthy and afft)rdable food, and a land-use system that furthers soeial and environmental justice. Donations to be Allocated This is in respect of donations that have been received for a specific project, bul the donorlsl is yet to decide on which project{sl the money should be allocated. These donats.ons may be drawn down over a period of time as the donorlsl see fit. The TTuslees Gonsider that 5uffiaent resources ar8 hgld in an appropriate form to enable the ftjnds to be applied in awordance with any reslricb'ons. Transfvr between Funds Charitable donations are pledged for the general purposes of the Charlty, however, a donor can indicate a preferenGe of the proportions designated to specthc pledges. However, as no individual knows what has been pledged to a specific pool, there are generally mismatches beeen the arnount pledged and the amount required. Al this point, the trustees are able to designate money beeen pools. Communlty Resilionce The Community Resilience MP aims to increase substantially the Capacity of local communities across the UK to sustain themselves and adapt in the face of mounting disruption from climate change and other sources. Flying Fair A group of projects aiming to accelerate ways to reduce demand for flying, and lo make the impact of it less unequal. The areas of work include public engagement and messaging, and engagement with policymakers. Fossil Fuels The Fossil Fuels and Insurance MP aims lo provide public infomation to enable engagement wth the London insurance market to develop their sustainability policies so that they significantly reduce and ultimately no longer operate by insuring fossil ftjel investment projects Page 30
Network For Social Change Charitable Trust Notes to the Financial Statements for the Year Ended 31 August 2025 17 Analysis of net assets between fund$ Unrestricted funds General Total funds at 31 August 2025 Restricted funds Current assets Current liabilities 146,171 164,8381 81,333 63,702 209.873 {64,8381 145,035 Total net assets 63.702 Unrestri¢tgd funds Ggn8ral Total funds at 31 August 2024 Restricted funds Current assets Current liabilities 151,332 160,968) 113,143 264,475 160.9681 203.507 Totsl net assets 90,364 113,143 2025 Material Institutional Grants Charity No. Organi$ation Permaculture As50ciation' Reclaim Finance The Movements Trust" Violation Tracker- via Good Jobs First Cays Cradle Education and Organising SCIO Possible (The 10.-10 Foundation) New Economics Foundation Aviation Environment Trust. Work Rights Centre Aviation Environmenl Trust Gambling with Lives City of Sanctuary UK Coventry University Every Casualty Counts Detention Action Endless Medical Advantage Cleanconscience Conflict and Environment Observalory The Martin Ryle Trust. Faith in Community Scotland - The Povety Truth Community Xenia Voice 21 Get Further 1116699 240,743 15S,913 96,835 56,632 47,369 42,500 42.500 42.250 37,079 32,750 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 19,142 19.140 19,140 1194447 SCO52364 1157363 1055254 276987 1165419 276987 1184114 1184613 Exempt 1166974 1198554 1194717 1160870 1174115 327946 SC036787 1188924 1152672 1190809 Page 31
Network For Social Change Charitable Trust Notss to the Financial Ststements for the Year Ended 31 August 2025 2025 Material Institutional Grants Chaiity No. Artis Foundation 1174635 Book Clubs in Schools 1185409 Global Girl Project 118459D PORA Zimbabwe 1197779 Advance Myanmar 1139662 Inquest. 1046650 Macc.. Manchester Community Central 1145921 Finance Innovation Lab 1165269 Greater Change 1188164 Spotlight on Corruption 1185872 Faimess Foundation 1044174 Nourish {Scollandl SC048239 Peace Brigades Inlemational {PBI) 1101018 Friends of the Earth England Wales and Northern Ireland IEWNI} 281681 Centre for Innovation in Voluntary AGtion' 1122095 The Earth Community Trust" 1143660 Genewalch UK Alder Hey Children's Charity Settle Support Shared Future CIC Lawyers Against Povertf 1189586 Trust for Research and Educabon in Arms Trade ITREATI. 328694 Appeal 1144162 North Wesl Hazards Trust 1194500 Permaculture Association, grant was approved for Landworkers Alliance The Movements Trust, grant was approved for Scotb'sh Communikn'es Climate Action NeIk ISCCANI . Aviation Environment Trust, grant was approved for No Airport Expansion INAE} The Martin Ryle Trust, grant was approved for Scientists for Global Responsibilsty Inques( grant wa5 approved for United Group for Reform of IPP IUNGRIPP} Centre for Innovation in Voluntary Action, grant was approved for Oxft)rdshire Liveable Streets The Earth Community Trust. grant was approved for Slop Ecocide International Lawyers Against Povety, grant was approved for Roots2Juslice Trust ft)r Research and Education in Amis Trade ITREATI, grant was approved for Campaign Against the Arnis Trade 19,140 19,140 19.140 19,000 18,000 18,000 18,000 17,935 17.935 17.935 17,935 17,896 17,743 17.743 17,743 17,743 17,443 17,000 17,000 16.141 16,000 14,958 14,101 12.764 1160661 1162399 Page 32
Network For Social Change Charitable Trust Notes to the Financial Statements for the Year Ended 31 August 2025 18 Relatsd party transactlons During the year the charity made the following related party transactions.. The company is associated with Funding for Social Change Limited, with which il has trustees in common. The administrative servirEs provided by Funding for Social Change Llmited for the year ended 31 August 2025 lotalled £58,23512024.' £54,843). The amount due to Funding for Social Ch?nge Limited al 31 August 2025 was £15,39412024'. £10.903 due to Funding for Soaal Change Limited). During the year the company received. in total, donations from its truste85 of £112,000 12024.. £146,300). Page 33