PWR NETWORK CIC

Company Registration Number:
11914380 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

PWR NETWORK CIC

Contents of the Financial Statements

for the Period Ended 31 March 2025

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PWR NETWORK CIC

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£

£
Turnover: 28,291 12,131
Cost of sales: ( 48,340 ) ( 44,616 )
Gross profit(or loss): (20,049) (32,485)
Administrative expenses: ( 1,319 ) ( 1,319 )
Other operating income: 21,000 28,154
Operating profit(or loss): (368) (5,650)
Profit(or loss) before tax: (368) (5,650)
Profit(or loss) for the financial year: (368) (5,650)

PWR NETWORK CIC

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 958 2,277
Total fixed assets: 958 2,277
Current assets
Debtors: 4 1,500 790
Cash at bank and in hand: 35,995 37,471
Total current assets: 37,495 38,261
Creditors: amounts falling due within one year: 5 ( 19,940 ) ( 21,657 )
Net current assets (liabilities): 17,555 16,604
Total assets less current liabilities: 18,513 18,881
Creditors: amounts falling due after more than one year: 6 ( 30,000 ) ( 30,000 )
Total net assets (liabilities): (11,487) (11,119)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (11,587 ) (11,219 )
Total Shareholders' funds: ( 11,487 ) (11,119)

The notes form part of these financial statements

PWR NETWORK CIC

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 26 September 2025
and signed on behalf of the board by:

Name: Onigbanjo Adeola
Status: Director

The notes form part of these financial statements

PWR NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PWR NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

PWR NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 6,459 6,459
Additions
Disposals
Revaluations
Transfers
At 31 March 2025 6,459 6,459
Depreciation
At 1 April 2024 4,182 4,182
Charge for year 1,319 1,319
On disposals
Other adjustments
At 31 March 2025 5,501 5,501
Net book value
At 31 March 2025 958 958
At 31 March 2024 2,277 2,277

PWR NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 2024
£ £
Other debtors 1,500 790
Total 1,500 790

PWR NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Bank loans and overdrafts 2,333 3,819
Other creditors 17,607 17,838
Total 19,940 21,657

PWR NETWORK CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Creditors: amounts falling due after more than one year note

2025 2024
£ £
Other creditors 30,000 30,000
Total 30,000 30,000

COMMUNITY INTEREST ANNUAL REPORT

PWR NETWORK CIC

Company Number: 11914380 (England and Wales)

Year Ending: 31 March 2025

Company activities and impact

1. In Creating Opportunities for Youth Employment & Training, this year, we: - Delivered 4 cohorts of the PWR Lines Project, our sales training and pathway to employment programme - Engaged over 60 young people through employment focused training and sales and marketing experience via the magazine. - 52% moved into employment or further training so far - Supported the delivery a Creative Digital Media Programme with 100% of participants securing work experience and 61% progressing into paid or freelance work. - Ran 3 additional creative editorial shoots, giving hands-on experience to young people in our Creatives Network. - Maintained regular engagement with our partner network. Our activities resonate with our community and beneficiaries, and we’re now focusing on sustaining delivery and building internal resource to match the growing demand. 2. In Reducing Inequality in Media, this year, we: - Published multiple issues of PWR Magazine, featuring underrepresented young creatives. - Launched PWR 25 Movers & Shakers, spotlighting 25 young changemakers across fashion, culture, lifestyle, and media. - Provided paid opportunities and industry access to young creatives through our editorial shoots and features. - Beneficiaries have gained experience, visibility, and in some cases, freelance commissions as a result of our platforms. We’ve continued to make steady progress in building a more inclusive media space, though there’s room for us to deepen impact through funding for our initiatives and production budgets. Our editorial outputs remain youth-led, and feedback from creatives has been really positive. 3. In Preventing Crime & Social Cohesion, this year: - PWR Lines Project continues to support young people at risk of exclusion, offending, or unemployment. - We worked closely with YOS and other partners to refer participants and provide structured support. - Created safe, supportive spaces for peer interaction and personal development through the wider Rooms Project (delivered under our sister charity arm) Although this remains an underlying outcome rather than a standalone programme, we’ve seen strong indicators of positive change among high-risk participants and members of the community, and we are committed to maintaining this focus and embedding it across our programme design.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 September 2025

And signed on behalf of the board by:
Name: Onigbanjo Adeola
Status: Director