Naa¢e (A Company Limited by Guarantee) Report and Financial Statements for the year ending 30 June 2024 Charity Number: 1060683 Company Number: 03270148
N8a¢e (A CompY4ny Limited by Gulrnntee) Report of the Trustees for the year ended 30 June 2024 The Trustees are pleased to present their annual directors. report for tlie year ended 30 June 2024 which are also prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 201 I, the Companies Act 2006. the Memorandum and Articles of Association, and Accounling and Reporting by Charities: Statement of Recornm¢nded Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepubliG of Ireland (FRS102). There have been a number of changes in the Board of Management during the period ¢overed by this report (I" July 2023 - 30 June 2024). Abderrahmane (Ben) Benjeddi was el¢ct¢d to the Board, Gavin Hawkins, Joe Basketts and Andrew Davis were r¢-¢leded to serve a further term of 4 years. Christina Preston has been co-opted to the Board until the next AGM and Andrew Murden has stood down from the Board. We wish to take this opportunity to thank all those Board members who have given their time tn supp)rt of the aims of the association. We believe that the association h&$ a clear purwTrse and focus for the coming years. The Board will present its Sirategic Plan covering ihis period at the AGM in January 2025. The key priorities for the IK)ard over the next year are.. To continu¢ to build the membership of the association through the website, an active so¢ial media campaign and contaGt with schools. To engage with the wider education technology community at local and national events either face to face or virtually. To continue to explore opportunittes to further Naa¢e's relationship with its members and the wider sector by both providing an attractive and accessible plarforni for members to share iheir experiences and successes in the use of education technology- and in d¢v¢loping the Association's role in supporting the sector nationally and beyond at a time where educational perspectives are shifting. To use Naacemark schools as local reference points for other schools in the effective use of education technology and to promote Naace membership and the use of the SRF Tool. To revise and relaunch the 3MLA accreditation programme as a progression for schools that have achieved the Naacemark and to establish effective means of communicating the success of these schools. To increase the number of sponsoring partners who support the work of the association and to help these partners nnect with members through the newsletter and a d¢di¢at¢d space on the website. To continue to produce and make available to members the Naace Advancing Education Journal To produce a regular newsletter of value to all individual and school members with support from sponsoring partners. To ensure that Naace has a robust financial control system to allow for Careful and strategic budget planning. To continue to forge partnerships with other key educational partners to ensure that we influence the development of national education technology strategies and play a key role in the successful implementation of the same. Foreword by Gavin Hawkins ChaRr of the Board of Management during the period covered by this report.
N4ace (A Company Limited by Guarantee) Report of the Trustees for the year ended 30 June 2024 - Continued Objeetives and Activities The objectives of the charitable company are Éo advance education through encouraging the appropriate and effective use of education technology and to offer support to those engaged in related actRvities. The objectives are achieved through the pursuan¢¢ of major aims contained within the Strategi¢ Plan. These are: By developtng partnerships to support members and the wid¢r education community. By developing products and services to members and to the wider education community. By developing reputatton and influence. Achievement$ to Date 2023124 Over the past year Naace has continued to pursue activities that focus on the needs of members and sharing the "voice" of rnemb¢rs with national gov¢rnm¢nts and with industy. It has continued to represent members and the wider community. Na2¢e has been represented at online and physic events and continued to publish newsletters to members with a focus on issues relating to education technology in schools, colleges, and universities. The journal also has adopted a topical theme where articles are referenced against ¢ent challenges and opportunities in educational establishments. The Association has in the past year further developed the core parts of its business. Membership The process of transitioning to a new EdTech Review Frnmework is complete and has enabled us to undertake signifiGant data cleansing and updating of s¢h¢x)l and membership records. The Association has made regular use of its webstte to share blogs and stories to complement an increase in media engagement, with articles published on the Guardian website and contributions to online and physical events. The Asso¢iation has engaged with members with a more coordinated approach to social media campaigns to complement the activities of the Association. Support has been employed to tailor content that is synchronised with social media campaigns encouraging members to actively take part in building the Success of the Association. As of 30 June 2024. there were 1092 membership records. This includes Fellow, Advocate, Alumni, School or Third Millennium Judge, but does not include individuals in free memb¢rship. This compares with a membership figure of 593 as of 30th June 2023. The Association has seen a signifie8nt increase in members within Northern Irelftnd due to the licensing of the ERF to all schools within Northern Ireland. This will continue to increase over the 5-year contractual period.
Naace (A Company Limited by Guar*nt¢e) Report of the Trustees for the year ended 30 June 2024- conttnued Accreditation and CPD Naace has enhanced ils role as a quality as5ufdnce agency by: Corktinving to operate the Naacemark 8G¢reditation programme Providing 5UPPOrt to schools undertaking the accreditation, and support for assessors of that scheme Continuing to offer and maintain resources including the EdTe¢h Review Framework which is regularly revised and updated to reflecl recent changes in requirements and the technologies available to schools. Continuing to operate the 3, Millennium Award to enable schools to demonstrate how they are providing an education fit for ihe 21, century. Continuing to support the use of the EdTech Review Framework by Eummena (a not-for-profit organisation based at the University of Leuven in Belgium) for use in the Mediterranean, Middle East and North Africa. Naace continues to offer quality assurance for the scheme and training for Eummena staff and has supported assessments in the Middle East. Reviewed the training resources associated with the accreditation of new Naacemark Assessors and Moderators. Provided a regular update for existing Naacemark Assessors. P4rtnership with the Industry Increased the number of sponsoring partners who support the work of the association and helped these partners to connect with members through the newsletter, webinars and a dedicated space on the ResourreHub website. Designed a comprehensive survey to gain a picture of education technology in UK schi)ols. The findings of which will be analysed and presented at BErr and forynalised as a report to schools and the wider EdTech community. Creation of a dedicated Naace R¢sourceHub website for the sharing of partner content, school improvement, survey findings and research evidence.
N44ce (A Company Limited by Guarantse) Report of the Trustees for th¢ year ended 30 June 2024- continued Partnership with other StAkeholder Groups Engaged with schools in England, Wales and Northern Ireland through their use of the EdTech Review Framework and Naacemark Award. Increased the use of the EdTe¢h Review Framewot*, with 438 active s¢hools rurrently using the system, an increase of174 on the previous year. Begun to use Naacemark schools as local ference points for other schools in the effective use of education technology and to promote Naace membership artd the use of the ERF Tool. Continued to develop relationships with new groups of schools including academies, free and independent schools offering them help and guidance. To consider how good practice can be shared more readily Naace met with: In the UK: The Department for Education BESA MIRANDANET The Association for Learning Technology (ALT) Education Authority Northern Ireland &)uth East Grid for Learning The Technology, Pedagogy and Education Association In the European Union: EUMMENA In the USA.. The T3 Alliance / Educating for Leadership (E4L) In addition. Naace has been actively engaged and continues to commit to the following: The effe1ve use of online tools to encourage and extend interaction between members. Extended use by members of the Naace websfite enabling great¢r sharing of knowledge and practice. collaboration on and contribution to Naace responses to key educational policies and papers. Acting as the voice of the Community and contributing to influencing policy developmcnt including attendance at meetings and the revi¢w of the EdTech Review Framework. Partnerships and projects with industry, research organisations and other Ix)dies to expand member services and assist with the transft>mation process. Research and publication WO Including, but not limited to. the continuation of the Naace online journal. Advancing Education.
Naafe (A Company Limited by Guar4ntee) Report of the Trustees for th¢ yegr ended 30 June 2024 - eontinued Attendance at trade shows and coftferences including, but not limited to, BE 24, EduTech Europe, th¢ Schools and Academies Show, the TPEA annual conference and several ICT in Education conferences. Publie Benefit Statement The Trustees have paid regard to the Charity Commission guidance on public benefit when deciding on activities to undertake and the focus they should take and believe they have met ihe legal requirement of S17 of the Charities Act 2011. In particular, in assessing the contribution Naace makes for publi¢ benefit, rnembers of the public and other agencies were able to.. Access free of charge online training materials for all education technology practitioners. Freely download Naa¢e's Self Review Framework documentation for UK organisations wishing to review their quality procedures. Freely download the self-review documentation for international schools looking to develop and review their systems. Receive support in developing strategi¢s and policies for the advancement of education technology in education. Finanei21 Review The results for the year are shown in the statement of financial activities on page 12. The slatement of financial activities shows net outgoing resources for the charity of £16.413 (2023= net outgoing resources £34,022). At 30 June 2024 Naace had total funds of £38.299 (2023: £54,712). The annual planning process revises the figure retained as a reserve in the light of staifing. commilments and operational costs at the time ]d in each annual business plan a"Reserves" figure will be identified according to this Policy. The Board iherefore considers that the ideal level of res¢rY¢s would be £50.000. The actual free reserve5 that are those funds not tied up in fixed assets at 30 June 2024 were £2,623 {2023.. £8.109). Reserves Policy The Board have approved a Reserves Policy which underpins the use of unspent ndS at the erkd of a finarbcial year. Part of such funds are retained against the need, in exceptional and unfO$¢¢n circumstances: to wind down the charity in a managed and effective manner, taking a¢¢ount of legal and other commitments and obligations. The balanc¢ is transferred to the new fInancial year and is available for expenditure on meeting the aims and objectives of the charity. InvallnAt Powers and Policy Under the Memorandum and Articles of Association. the charitable company has Ihe power to invesl in any way the trustees, wishes.
Nag¢¢ (A Company Limited by Guar2lltee) Report of the Trustees for the year ended 30 Jun¢ 2024 - eontinued Plans for Futttre Perio(ts The Board aims to continue to maintain its focus on the strategic plan and to ensure the charitable company remains relevant nationally through the continued development of and support for the SRFINaaceMark at]d 3MLA and the Advancing Education journal. The key priorities for the year 2024-25 are: To undertake a dynamic marketing campaign to generate new interest in the revised EdTech Review Framework and the benefits to schools from its use. To explore the aggregation of data held within the EdTech Review Framework to provide more a meaningfvl picture of EdTech maturity across the UK and within specific regions. To explore the commercial value of anonymised data within the EdTh Review Framework and the potential benefits that data reports could have to the wider industry. To continue to build the membership of the association through the website, an active social media campaign and face-to-face contact with schools where w)ssible or via virtual events. To engage with the wider education technology communtty at local and national events either face to face or virtually To further develop the new website so that it provides a lively, attrdctive place for Membe to share thelr experiences and successes in the use of education technology and becomes a'must see" resource for all involved in promoting and supporting the use of education technology To use Naacemark schools &8 local reference points for other schools in the effective use of eductition technology and to promote Naace membership and the use of the SRF/ERF Tool. To inGrease the number of sponsortng partners who support the work of the association and to help these partners connect with members through the newsletter and a dedica*d space on the website. To continue to produce and make available to members the Naace Advancing Education Joumal To produce a regular newsletter of value to all individual and school members with support from sponsoring partners. To ensure that Naace has a robust financial control 5yStern to allow for careful and strategic budget planning. To ¢ontinue to forge partnerships with other key educational partners to ensure that we influence the development of national education technology strategies and play a key role in the successful implementstion of the same. To undertake a large-scale research project into the state of EdTech across UK schools and present the findings at events and to members. To provide training to schools in Northern lff land who have access to the ERF for the next five-years and to effethively train school improvement colleagues in Northern Ireland io support with the use of the Erfand to undertake Naacemark assessments. To raise the profile of schools aGhi¢ving Naacemark by building a community of good practice.
Naace (A Compxny Limited by Gu4r4ntee) Report of the Trustees for the year ended 30 June 2024 Referenee and Administrative Details Charity Name.. Naace Governing Instruments.. The Charity is a company incorporated in England. Limited by Guarantee and having no share capital. As such, it is governed by its Memorandum and Articles of Association. Regislered Charity Number.. 1060683 Registered Company Number- Members of the Board 03270 148 of Management (Trustees).. G Hawkins (re-elected January 2024) P Blackburn E Fairfield C Preston - (co-opted January 2024) A Davis - (re-elected January 2024) A Murden- (resigned January 2024) N French S Morgan J. Coy J. Basketts- (re-elected January 2024) A Benjeddi- (elected January 2024) Directors.. G Hawkins E Fairfield Secretary.. M Rogers Chief Executive Officer.. No current apwjintment Registered Office.. Cliffe Hill House 22-26 Nottingham Road Stapleford Nottingham NG9 8AA Bankers.. National Westminster Bank PIC 309 High Street West Bromwich B70 8LX Solicitors.. Anthony Collins St Phillips Gate 5 Waterloo Street Birmingham B2 5PG Independent Examiner-. James Liptrott FCA Haines Watts Nottingham Limited c.hartered Accountants Cliffe Hill House 22-26 Nottingham Road Stapleford Nottingham NG9 8AA
Iyaace (A Company Limited by Guarantee) Report of the Trnstees for the year end¢d 30 June 2024 - continued Structur4 GovernAnee 2nd M4nagemeDt Governing Document Naace is a charitable company limited by guarantee. in¢orporated on 28 October 1996 and registered as a ¢harity Oll February 1997. It is governed by its Memorandum and Articles of Association as amended by speciaI resolution dated 22 January 2020. In the event of the charitsble company being wound up, members are required to wntribute an amount not exceeding £1. Naace has two legal stath$&8 Charliable Sialus As defmed by the Charity Commission, Naa¢e 15 "An organisation set up exclusively for charitable PUTposes which Carries out activities to achiev¢ th¢ advancemcnt of education." Responsibilities The responsibilities for fulfilling obligations &s a registered charity fall on the Naace Board of Manag¢m¢nt. Members of the Board are tSte¢S as defined by the Chartty Legislation. Naace carri¢5 Qut all of its commercial duties within the specifications set out in the Articles and Memor4ndMm of A550ciation. The Chair of the Board of Management holds responsibility to ¢nsure that the work of Naace falls within the remit contained within these documents. Members of the Board of Management are elected by a vote of the membership condu¢ted by online ballot. All elections are conducted a¢¢ording to a 'first past the post. system as defined by the Electoral Reform Society. The Chair of the Board of Management is elected by the board of management at iheir first meeting following the Annual General Meeting Members of the Board of Management are also registered as members of the company. The number of members is limited to nine (9) plus Co-opted members. rruslee Induclion and Trainlng Induction and training for all Trustees tskes place at the annual induction event. At this ¢v¢nt. full inforniation packs contsining details of strategic priorittes. structure. policies, procedures, regulations and codes of pra¢tice are distributed for future reference. Induction of new Trustees takes place at their first Board meeting. More specific training on the role of TSte¢S in a charitable organisation is undertaken using online materials. All Trnstees must complete this training and their complelion certificates are held by the Company Secretary.
Naace {A Company Limited by Gu*r#nt¢¢) Report of the Trustees for the ye2r ended 30 June 2024- continued Board of Monagentenl The Board of Management is responsible for the overall strategic direction of Naace. for monitoring adivity against the Articles and Memorandum of Association, for scrutiny and approval of the Naace Stralegic Plan and associated Actions Plans, and for risk assessment and management. Sub-committees The Board of Management ha8 the power to creaie sub-committees drawn from the membership to undertake particular tasks on a voluntary basis where their expertise is particularly valued. Risk Management All major risks to whieh the charity is exposed. as identified by the Trustees, are reviewed on a quarterly basis and systems artd procedures are in place to manage those risks.
Na4ee (A CompAny Limit¢d by Guarantee) Report of the Trustee5 for the year ended 30 June 2024 Trnstees, ResponsRbilitie5 in relation to the Financial StAtements The Trustees (who are also directors of Naace for the purposes of company law) are responsible for preparing the Trustees. Report and the financial statements in accordance with appllcable law and United Kingdom Accounting Standards (UnÈted Kingdom Generally Accepted Accounting Practice). Company law requires the Trnstees to prepare financial statements for each financtal year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of soUrces, including the income and expenditure, of the charitsble group for that pcriod. In preparing these financial slatements. the Trnstees are quired to: Select suitable accounting p)licies and then apply them consistently. observe the methods and principles tn the Charities SOIRP. make judgements and estimates that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained tn the financial statements. and prepare the financial statements on a 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 dis¢105e with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the ¢harÈtable company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordance with the Stst¢ment of Recommended Practice.. Accounting and Reporting by Charities and in accordance with the special provisions of the Companies Act 2006 applicable to companies entitled to small company exemptions. On behalf of the Board of Trustees of Naace. {Chair)- Gavin Hawkins 2511112024 Dated io
Naace (A Company Limited by Guarantee) Independent Examiner's Report to the Trustees of Naaee I report to the Charity Trustees on my examination of the accounts of the company for the year ended 30 June 2024. Responsibilities and Basis of Report As the Charity's Trustees of the Company (and also its directors for the purp)ses of company law) you are responsible for the preparation of the accounts in accordance with the Companies Aci 2006 (the 2006 Act). Having satisfied myself that the accounts of the Company are not required to be audits under part 16 of the 2006 Aet and are eligible for independent examination, I report in respect of my examination of yOLir Charity's accounts as Caled out under Section 145 of the Charities Act 2011 (the 201 l Act). In carrying out my examingttiork, I have followed the Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act. Independent Examiner's St#temett¢ J have completed my examination. I confirni that no matters have come to my attention in ¢onne¢tion with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Acl; or the accounts do not ac¢ord with those records. or the accounts do not comply with the accounting requirements of Section 396 and fair view which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordance with the methods and principles of the Siatement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102). I have no concern5 and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. James Liptrott FCA Independent Examiner Haines Watts Cliffe Hill House 22-26 Nottingham Road Stspleford Nottingham NG9 8AA Date.. )(), ILY
N4a¢e (A Company LimKted by Guarantee) Statem¢nt of FTnaneial Activities for the Year Ended 30 June 2024 (including income and expenditure aecount) Unrestricted Funds 2024 2023 Ineome Charitable Activities 42,537 29.980 Investment income 215 221 Totsl incoming resources 30,201 Expenditure Expenditure on ¢harÈtable activities 11,980 26.205 Support costs Totsl resources expended Net incoming resources (16,413) (34.022) Reconciliation of funds Fund balances brought fonvard at l July 2023 Fund balances carried forward at 30 June 2024 The statement of ftnancial activities includes all gains and losses recognised in the year. All incoming sOurceS and r&sour¢es expended derive from continuing activities. 12
Naace (A Company Limited by Guarantee) B4lance Sheet as at 30 June 2024 2024 2023 Note Fixed Assets Intangible Assets Tangible &ssets io 35.676 46,603 Current A$set$ Debtors Cash at bank 5,576 2.659 23,457 21.643 Creditors-. amounts falling due within one year 12 13,534 Net Current Assets 8,109 Net Assets 38.299 54,712 Reserves Unrestricted funds 14 38,2W 54.712 38,299 £ 54.712 The charitable company is entitled to exemption from audit under Section 477 of the Compani¢s Act 2006 relating to small companies for the year ended 30 June 2024. The members have not required the charitabl¢ company to obtain an audit of its financiat statem¢nts for the year ended 30 June 2024 in accordance with Section 476 of the Compantes Act 2006, The trustees acknowledge their responsibilities for (a) Ensuring that the ¢haritable company keeps accounting records that comply with Sections 386 and 387 of the Companies A¢t 2006 and (b) Preparing financial slatements which give a true and fair view of the statement of affairs of the charitable company as at the end of each financial year and of its surplus or defi¢ii for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requRrements of the Companies Act 2006 relating to financial statements. so far as applicable to the Charitable company. 2511112024 The financial ststemenls were approved by the Board of Directors on by: . and were signed on its behalf Gr4W Dire¢tor/ Truslee- Gavin Hawkins 13
a*ce (A Company Limited by Guarantee) Notes to th¢ Aceounts for the year ended 30 June 2024 Accounting Polieies The principal accounting policies adopted in the preparatton of the financial statements are set out below. Basis of Pr¢paration The financial statements have been prepared in accordance with Accounting and Reporting by Charitics: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS102) (effectiv¢ l January 2015)- (Charlttses SOIiP (FRS102)), The Financial Reporting Stsndard appli¢ablc in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transa&ion value unless othetiwise state in the relevant acwunting policy note(s). b) Preparation of Accounts on a going eoneern basis Despite the inherent risks associated with future funding. as well as certain costs and the g¢nerally dilTicult economlc climate. the Trustees have prepared a cash flow forecast for the twelve month period following the date of approval of these financial statements and a strategic plan for 2024125 whtch demonsirdtes that the ¢hartty has sufficient cash to continue to meet its liabilities as they faIl due and to operate through a simplified structure. The reserves held are available to support the continuing activities of the charity in this ongoing period of change. The financial ststements have therefore been prepared on a going concern basis. The Charity meets the definition of a public benefit entity under FRSIO2. The accounts are presented in Sterling (£). Incoming Resourees All incoming resources are cogniSed once the charity has entitlement lo the resOue it is certain that the resources will be receftved. and all the monetary value of incoming resour¢es can be measured with sufficient reliability. Incoming resources represent the amount derived from the provisÉon of s¢rvi¢es which fall within the ordinary activities, stated gross or net of Value Added Tax as appropriate. Grants. where entitlement is not conditional on the delivery of a specif&c perfomance by the charitable company, are recognised when the charitsble company becomes unconditionally entitled to the grdrnt. Investment income is recognksed on a re¢eivable basis. Provision is made for amounts due to the Charity at the year end date (see note I l). Gifts in Kind Assets given for use by the charity are regnISed as incoming resources when received at a reasonable estimate of their value to the charity. Assets are d¢precRaÉed over their expected useful lives. 14
Naace (A Company Limited by Guarwntee) Notes to the Actounts for the year ended 30 June 2024- continued Donated Services and Facilities Donated services or facilities are recognised as income when the charity has control over the it¢m, any conditions associated with the donated item have been met, the receipt of economic benefit frorn the use by the charity of the item is pn)b2ble and that economic benefit can be measured reliably. On receipt. donated services and facilities are recognised on the basis of the value of the gift to the charity, which is th¢ amount the charity would have been willing to pay lo obtain services or facililies of equivalent economic benefit on the open mark¢t- a corresponding amount is then recognised in expenditure in the period of receipt. Resource5 Expended Liabilities are recognised as soon as there is a legal or constrnctive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Charitable activities comprise those costs incurred by the charity in the delivery of its activities and services for beneficiaries. It includes Ix)th ¢osts that can be allocated directly to such activities and those Cost of an indire¢t nature necessary to support them. Support and governance costs include those ¢osts associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Operating IAses Rental charges are charged on a straÈgh¢ line basis over the tern] of the lease. Intangible Assets The cost of the Self Review Framework Tool is written off over a l O year period. The build cost of a new website is being written off over a 10 year period. Website development Costs incurred in 2023 are being written off over 8 5 year period. Tangible Fixed Assets Individual fixed assets costing over £150 are capitalised at cost. Depreciation of fixed assets 15 charged by annual instalments commencing with the year of a¢quisition at rates estimated to write off their cost less any residual value over their expeeted useful lives which are as follows.. Office equipment Computer equipment 7 years - straight line (fully depreciated) 4 years - straight line (fully depreciated) L¢gal Ststus of the Charity The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of a winding up is limited to £ l. Debtors Debtors are recognised at the settlement amount owed to the Charity or prepaid. 15
Na#¢e {A Company Limited by GuArantee) Notes to the Accounts for the year ended 30 June 2024 - continued Judgements and Key Sources of Estimation Uncertainty The prepardtion of accounts using generally accepted accounting principles requires management to make estimates and assumptions that affe¢t the rep)rted amounts of assets and Itabilities at the date of the accounts and reported amounts of revenue and expenses in the reporting pertod. The key estimates and assumptions used in the finaThcial statements are detsiled in the accounting policies. Creditors Creditors and provtsions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty. and the amount due to settle the obltgation can be measured or estimated reliably. Creditors and provisions are nomally rccognised at their settlement amount. Taxation The Chartty is exempt from tax on its charitable activitt¢s. The Charity also Tents its rooms to other local children's activities which satisfy the objectives of the Charity. The Trustees have reviewed the Charity's trading activities and are confident that they further th¢ Charity's aims and, as such, are considered to be primary purpose trading. Investment Income 4nd Interest 2024 2023 Investment income 215 221 Income from Charitable Aetivitie$ 2024 2023 Membership Fees Educational projects and progrdmmes SRF Fees Donations 24,688 3,799 13,050 12.223 5.307 12,450 42537 £ Expenditur¢ on Ch4ritable Activities 2024 2023 Educational projects and programmes Project and delivery costs 11.980 £ 16
Naace (A Company Limited by Guarantee) Note5 to the Accounts for the year ended 30 June 2024 - continued Support and Governanee Costs 2024 2023 Website Costs Overheads (including depreciation) Board/constitution costs Professional fees (included Ac¢ountan¢y. Admin & Payroll) Write off bad debt 10,278 18.310 1,075 1.913 16,111 948 17.422 100 18,896 150 47 185 £ Net Ineoming Resources 2024 2023 Net incoming resources are stated after charging.. Amortisation of SRF Tool and website development Independent Examination Fees 10,927 10,927 1,800 Employees There wer¢ no employees in either 2023 or 2024. DirtorS[rrStees No remuneration is paid to any member of the Board of Management (Trustees). Expenses reimbursed to 2 tM)ard members during the year (2024) amounted to £572 (2023.. £948). Trustees. indemnity insurance charged during the year was part of an umbrella tKTrlicy and has not been separately disclosed by the insurers. Taxation The company is a registered charity and is ¢xempt from tax on income and gains fallin8 within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these ar¢ applied to Its charitable objects. io. Inlangible Assets Self Review Framework Tool Website Develo ment Total Cost b/fivd 12,000 58,871 70.871 Additions Amortlsation blfwd Amortisation for the year 1,200 9.727 NBV at 30.6.23 46,603 NBV at 30.6.24 2,400 17
Naace (A Company Limit¢d by Guarante¢) Notes to the Aeeounts for the y¢4r ended 30 June 2024 - continued Debtors: amounts falling due within one year 2024 2023 Trade debtors Prepayments and accrued in¢ome 4,005 835 12. Creditors: amounts falling due Ivithin one year 2024 202 Trade creditors Acctuals Deferred in¢ome (note 13) 2,962 3,297 3,474 2,150 7,910 13,534 13. Deferred Income 2024 2023 Balance at l July 2023 Released to tncoming resouffe5 Amount deferred tn the year 7,910 (7.910) 5,386 (5,386) Balance at 30 June 2024 14,575 7.910 Deferred income represented income received in advance of the period to which it relates. 14. Reserve5 (Unrestricted) 2024 At l July 2023 Net outgoing resources for the year 54.712 88,734 At 30 June 2024 38.299 54,712 15. Share Capital The company is a company limited by guarantee, having no share capital. In ihe event of the company being wound up, each person who is at that time a member, or has ¢ed to be a member within one year of that date. is liable to contribute to the company such amount as may be required not exceeding £1. 18
NaAce (A Company Limited by Guarante¢) Notes to the Aeeouuts for the yexr ended 30 June 2024- eontinued 16. Related Party Tr*nsxcttOnS During the year the following trustees, their family members and iheir associated businesses invoiced for consultancy work provided to the charity.. 2024 2023 P Blackburn J Basketts Gavin Hawkins C Preston (MirandaNet) A Murden (S8tori Education Ltd) 500 900 500 600 250 900 ,300 900 200 2.500 There are no other related party transactions. 17. Net Asset Statement 2024 2023 Unrestricted Funds Fixed Assets 35,676 46.603 Current Assets 23,457 21,643 Less Current Liabilities (20,834) {13.534) 38.299 54,712 19