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 effe￿1ve 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.
Invalln￿At 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 EdT￿h 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 t￿Ste¢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 T￿Ste¢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 Ca￿led
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 resOu￿e￿ 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 re￿gnISed 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.
Dir￿torS[rr￿Stees
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 ¢e￿d 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