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
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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, cent￿d 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.
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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)aocL￿￿24 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.
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Trustees, Report
The LWA'S work in Parliament and the House of Lords has a￿ayS 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.
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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. Ne￿Ork 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.
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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 ne￿OrkS. interest in deliberative
gatherings, a desire for shared resources and 'pDolkits,' and weak unnections be￿een ststulory
services and voluntary groups. These insights infomied early design and consultstion wth key
organisations, including the Scottish Communities Climate Action Ne￿Ork 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 Ne￿ork
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
bel￿een 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 adVan￿d 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 d￿lSiOnS and follow-up r8PQrting. Finally, Ne￿Ork
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.
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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 spa￿s, 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 Ne￿Ork 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.
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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 Ne￿OI1(.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 fl￿￿uallng 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 Ne￿0[￿ 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 Ne￿ork.
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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 be￿een 1985 and 1992 on a sp￿adsheel, 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 Ne￿Ork Community- We continue lo recruit actively
through member netwoths and word of mouth.
Financlal revlew
Total incoming reSoUr￿S 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￿$sary. by modifying the admin fee payable by all members
on donatsons13.SYo in 2024-251.
The Trustees are not aware of any material uncertainties that would cast doubt on the charitys ability
to continue as a going GonGern.
Capitalisation pollcy
The Trustees have adopted a capitalisation threshold for fixed asset5 of £1,000.
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Investment powers and pollcy
Under the Articles of Association. the charity has the power to make any investment which the
Trustees see fil. 11 is the normal practice of the charity to pay monies received out as grants and thus
not to build up investments beyond necessary reserves. Trustees review cash holdings quarterly lo
ensure that we are receiving maximum interest possible.
Prlnclpal fundlng sources
All funds are raised by voluntary contributions from resources available lo individual members of
NSCCT. We do not accept funding from extemal source5. Incoming funds are usually allocated to a
project at the time of receipt. This year we re￿iVed income of £1,200 that has yet to be allocated lo
specifio project. These monies are held within a restricted fund for allocation through our usual
funding SI￿aM$.
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 so￿are 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.
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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 eXperien￿d 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
P￿pare 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 resF￿nS1bil1tieS 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 equlva￿nts 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
Ne￿rk 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 Un￿rtaInty 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
P￿paymentS
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
A￿ru81$
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. fO￿SterS 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 be￿een the arnount
pledged and the amount required. Al this point, the trustees are able to designate money be￿een
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 Ne￿Ik
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