2025-06-30-accounts

Naace (A Company Limited by Guarantee)

Report and Financial Statements for the year ending 30 June 2025

Charity Number: 1060683 Company Number: 03270148

Naace (A Company Limited by Guarantee)

Report of the Trustees for the year ended 30 June 2025

The Trustees are pleased to present their annual directors’ report for the year ended 30 June 2025 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 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

There have been a number of changes in the Board of Management during the period covered by this report (1% July 2024 — 30" June 2025). Abderrahmane (Ben) Benjeddi resigned from the Board on 1‘ March 2025, Matt Clegg and Christina Preston were elected to the board for a four-year term on march 24 2025. The Board will present its Strategic Plan covering this period at the AGM in January 2025.

The key priorities for the board over the next year are:

• To continue to build the membership of the association through the website, an active social media campaign and contact 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 opportunities to further Naace’s relationship with its members and the wider sector by both providing an attractive and accessible platform for members to share their experiences and successes in the use of education technology; and in developing 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 ERF Tool.

• To increase the number of sponsoring partners who support the work of the association and to help these partners connect with members through the newsletter and a dedicated space on the website.

• To continue to produce and make available to members the Naace Advancing Education Journal. From 2025 this will be in partnership with TPEA.

• 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 Philip Blackburn and Gavin Hawkins

Chairs of the Board of Management during the period covered by this report

1

Naace (A Company Limited by Guarantee)

Report of the Trustees for the year ended 30 June 2025 - continued

Objectives and Activities

The objectives of the charitable company are to advance education through encouraging the appropriate and effective use of education technology and to offer support to those engaged in related activities. The objectives are achieved through the pursuance of major aims contained within the Strategic Plan. These are:

• — By developing partnerships to support members and the wider education community.

• • By developing products and services to members and to the wider education community. + By developing reputation and influence.

Achievements to Date 2024/25

Over the past year Naace has continued to pursue activities that focus on the needs of members and sharing the “voice” of members with national governments and with industry. It has continued to represent members and the wider community. Naace has been represented at online and physical events and continued to publish newsletters to members with a focus on issues relating to education technology in schools, colleges, and universities. The journal is now produced in partnership with TPEA and this has allowed a wider range of articles to become available. We have also has adopted a topical theme where articles are referenced against current challenges and opportunities in educational establishments. Articles are now encouraged to be of a ‘blogg’ type rather than purely academic.

The Association has in the past year further developed the core parts of its business.

Membership

• We continue to undertake significant data cleansing and updating of school and membership records on the ERF and main website to improve the experience of using the systems.

• The Association has made regular use of its website 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 Association 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 2025, there were 1265 membership records. This includes Fellow, Advocate, Alumni, School or Third Millennium Judge, but does not include individuals in free membership. This compares with a membership figure of 1092 as of 30 June 2024.

• The Association continues to see a significant increase in members within Northern Ireland due to the licensing of the ERF to all schools within Northern Ireland. The number of schools within Northern Ireland achieving NAACEMark also continues to increase. This will continue to increase over the 5-year contractual period.

2

Naace

(A Company Limited by Guarantee)

Report of the Trustees for the year ended 30 June 2025 — continued

Accreditation and CPD

Naace has enhanced its role as a quality assurance agency by:

• Continuing to operate the NaaceMark accreditation programme

• Providing support to schools undertaking the accreditation, and support for assessors of that scheme

• Continuing to offer and maintain resources including the EdTech Review Framework which is regularly revised and updated to reflect 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 the 21* century.

• Reviewed the training resources associated with the accreditation of new NaaceMark Assessors and Moderators.

• Provided a regular update for existing NaaceMark Assessors.

Partnership with the Industry

• — Increased the number ofsponsoring partners who support the work ofthe association and helped these partners to connect with members through the newsletter, webinars and a dedicated space on the ResourceHub website.

• Designed and implemented a comprehensive survey to gain a picture of education technology in UK schools. The findings of which will were and presented at BETT 2025 and formalised as a report to schools and the wider EdTech community. The survey remains available for schools who wish to contribute information.

• Maintaining the Naace Resource Hub website for the sharing of parmer content, school improvement, survey findings and research evidence.

3

Naace (A Company Limited by Guarantee)

Report of the Trustees for the year ended 30 June 2025 - 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 EdTech Review Framework, with 720 active schools currently using the system, an increase of 282 on the previous year.

• Begun 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 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:

• e BESA

• e Education Authority Northern Ireland

• e Norfolk Education Authority

• e St. Barts Academy Trust e The Technology, Pedagogy and Education Association

In addition, Naace has been actively engaged and continues to commit to the following:

• The effective use of online tools to encourage and extend interaction between members.

• Extended use by members of the Naace website enabling greater 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 development including attendance at meetings and the review of the EdTech Review Framework.

• Partnerships and projects with industry, research organisations and other bodies to expand member services and assist with the transformation process.

• Research and publication work including, but not limited to, the continuation of the Naace/TPEA online journal, Advancing Education.

• • Attendance at trade shows and conferences including, but not limited to, BETT 24, EduTech Europe, the Schools and Academies Show, the TPEA annual conference and several ICT in Education conferences.

4

Naace (A Company Limited by Guarantee)

Report of the Trustees for the year ended 30 June 2025 - continued

Public 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 the legal requirement of $17 of the Charities Act 2011.

In particular, in assessing the contribution Naace makes for public benefit, members of the public and other agencies were able to:

• Access free of charge online training materials for all education technology practitioners.

• e Freely download Naace’s Self Review Framework documentation for UK organisations wishing to review their quality procedures.

• e Freely download the self-review documentation for international schools looking to develop and review their systems. e Receive support in developing strategies and policies for the advancement of education technology in education.

Financial Review

The results for the year are shown in the statement of financial activities on page 12.

The statement of financial activities shows net outgoing resources for the charity of £11,307 (2024: net outgoing resources £16,413).

At 30 June 2025 Naace had total funds of £26,992 (2024: £38,299).

The annual planning process revises the figure retained as a reserve in the light of staffing, commitments and operational costs at the time and in each annual business plan a “Reserves” figure will be identified according to this Policy. The Board therefore considers that the ideal level of reserves would be £50,000.

The actual free reserves that are those funds not tied up in fixed assets at 30 June 2025 were £2,243 (2024: £2,623).

Reserves Policy

The Board have approved a Reserves Policy which underpins the use of unspent funds at the end of a financial year. Part of such funds are retained against the need, in exceptional and unforeseen circumstances, to wind down the charity in a managed and effective manner, taking account of legal and other commitments and obligations. The balance is transferred to the new financial year and is available for expenditure on meeting the aims and objectives of the charity.

Investment Powers and Policy

Under the Memorandum and Articles of Association, the charitable company has the power to invest in any way the trustees’ wishes.

5

Naace (A Company Limited by Guarantee)

Report of the Trustees for the year ended 30 June 2025 - continued

Plans for Future Periods

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 SRF/NaaceMark and 3MLA and the Advancing Education journal.

The key priorities for the year 2025-26 are:

• To undertake a marketing campaign to generate new interest in the revised EdTech Review Framework and the benefits to schools from its use.

• To further explore the aggregation of data held within the EdTech Review Framework to provide more a meaningful picture of EdTech maturity across the UK and within specific regions.

• To explore the commercial value of anonymised data within the EdTech 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 possible or via virtual events. To engage with the wider education technology community at local and national events either face to face or virtually

• To further develop the new website so that it provides a lively, attractive place for members to share their 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 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/ERF Tool.

• — To increase the number of sponsoring partners who support the work of the association and to help these partners connect with members through the newsletter and a dedicated space on the website.

• To continue to produce and make available to members the Naace Advancing Education Journal in partnership with TPEA

• 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.

• To provide training to schools in Northern Ireland who have access to the ERF for the next three-years and to effectively train school improvement colleagues in Northern Ireland to support with the use of the ERF and to undertake NaaceMark assessments.

• To raise the profile of schools achieving NaaceMark by building a community of good practice.

6

Naace (A Company Limited by Guarantee)

Report of the Trustees for the year ended 30 June 2025

Reference and Administrative Details

CharityName:	Naace
Governing Instruments:	The Charity is acompany	company incorporated in England, Limitedby Guarantee and
	having no share	capital. As such, it is governedby its Memorandum and
	Articles ofAssociation.
Registered CharityNumber:	1060683
Registered Company Number:	03270148
Members ofthe Board
ofManagement (Trustees):	G Hawkins
	P Blackburn
	E Fairfield
	C Preston— (electedMarch 2025)
	A Davis
	N Frence
	SMorgan
	J. Coy
	J. Basketts
	A Benjeddi— (resigned March 2025)
	M Clegg— (elected March 2025)
Directors:	P Blackburn
	E Fairfield
	G Hawkins
Secretary:	M Rogers
ChiefExecutive Officer:	No currentappointment
Registered Office:	Cliffe Hill House
	22-26 NottinghamRoad
	Stapleford
	NottinghamNG9 8AA
Bankers:	National WestminsterBank Plc
	309 High Street
	West Bromwich	B70 8LX
Solicitors:	Anthony Collins
	St Phillips Gate
	5 Waterloo Street
	Birmingham B2	5PG
Independent Examiner:	Matt BradyFCCA
	TC Group Limited
	Accountants
	Cliffe Hill House
	22-26 Nottingham Road
	Stapleford
	Nottingham	NG98AA

7

Naace (A Company Limited by Guarantee)

Report of the Trustees for the year ended 30 June 2025 - continued

Structure, Governance and Management

Governing Document

Naace is a charitable company limited by guarantee, incorporated on 28 October 1996 and registered as a charity on February 1997. It is governed by its Memorandum and Articles of Association as amended by special resolution dated 22 January 2020. In the event of the charitable company being wound up, members are required to contribute an amount not exceeding £1.

Naace has two legal statuses

Charitable Status

As defined by the Charity Commission, Naace is “An organisation set up exclusively for charitable purposes which carries out activities to achieve the advancement of education.”

Responsibilities

The responsibilities for fulfilling obligations as a registered charity fall on the Naace Board of Management. Members of the Board are trustees as defined by the Charity Legislation.

Naace carries out all of its commercial duties within the specifications set out in the Articles and Memorandum of Association. The Chair of the Board of Management holds responsibility to ensure 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 conducted by online ballot. All elections are conducted according 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 their 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 ten (10) plus Co-opted members.

Trustee Induction and Training

Induction and training for all Trustees takes place at the annually using online training materials. This includes full information packs containing details of strategic priorities, structure, policies, procedures, regulations and codes of practice. Induction of new Trustees takes place at their first Board meeting.

8

Naace (A Company Limited by Guarantee)

Report of the Trustees for the year ended 30 June 2025 - continued

Board ofManagement

The Board of Management is responsible for the overall strategic direction of Naace, for monitoring activity against the Articles and Memorandum of Association, for scrutiny and approval of the Naace Strategic Plan and associated Actions Plans, and for risk assessment and management.

Sub-Committees

The Board of Management has the power to create 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 which the charity is exposed, as identified by the Trustees, are reviewed on a quarterly basis and systems and procedures are in place to manage those risks.

9

Naace (A Company Limited by Guarantee)

Report of the Trustees for the year ended 30 June 2025 Trustees’ Responsibilities 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial 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 resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the Trustees are required to:

• — select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• 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 in 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 disclose 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement 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.

i bebe c ec een esse renee eet teers esa eeseertertirseetseeseserees (Chair)— Philip Blackburn (Feb 2025 - )

Chair ~ Gavin Hawkins (July 2024 — Jan 2025)

beets aces toners eee teterertereretstetiesssrtsersssssereresees Dated 31% October 2025

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Naace (A Company Limited by Guarantee)

Independent Examiner’s Report to the Trustees of Naace

I report to the Charity Trustees on my examination of the accounts of the company for the year ended 30 June 2025.

Responsibilities and Basis of Report

As the Charity’s Trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the Companies Act 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 Act and are eligible for independent examination, I report in respect of my examination of your Charity’s accounts as carried out under Section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination, I have followed the Directions given by the Charity Commission under Section 145(5)(b) of the 2011 Act.

Independent Examiner’s Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. 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

4. 4, the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

I have no concerns 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.

Ad vn ‘ Matt Brady FGOCA Independent Examiner TC Group Cliffe Hill House 22-26 Nottingham Road Stapleford Nottingham NG9 8AA Date: | [12f 25 ,

is |

Naace (A Company Limited by Guarantee)

Statement of Financial Activities for the Year Ended 30 June 2025

(including income and expenditure account)

			Unrestricted	Funds
			2025		2024
	Note		£		£
Income
Charitable Activities	3		46,500		42,537
Investment income	2		180		215
Total incoming resources			46,680		42,752
Expenditure
Expenditure on charitable activities	4		9,050		11,980
Support costs	5		48,937		47,185
Total resources expended			BT		39,165
Net incoming resources	6		(11,307)		(16,413)
Reconciliation offunds
Fund balances brought forward at 1 July 2024			38,299		54,712
Fundbalancescarriedforwardat30June2025		£	26,992	£	38,299

The statement of financial activities includes all gains and losses recognised in the year.

All incoming resources and resources expended derive from continuing activities.

12

Naace (A Company Limited by Guarantee)

Balance Sheet as at 30 June 2025

		2025	2024
	Note	£	£
Fixed Assets
Intangible Assets	10	24,749	35,676
Tangible assets		-	-
		24,749	35,676
Current Assets
Debtors	ll	9,651	5,576
Cash atbank		8,954	17,881
		18,605	23,457
Creditors: amounts falling due withinoneyear	12	(16,362)	(20,834)
Net Current Assets		2,243	2,623
Reserves
Unrestrictedfunds	14	26,992	38,299

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2025.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

• (a) Ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

• (b) Preparing financial statements 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 deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

The financial statements were approved by the Board of Directors on 20/11/25 and were signed on its behalf by:

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Director/ Trustee — Philip Blackburn

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Naace (A Company Limited by Guarantee)

Notes to the Accounts for the year ended 30 June 2025

1. Accounting Policies

The principal accounting policies adopted in the preparation of the financial statements are set out below.

a) Basis of Preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective I January 2015) — (Charities SORP (FRS102)), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise state in the relevant accounting policy note(s).

b) Preparation of accounts on a going concern basis

The financial statements have been prepared on a going concern basis.

The Charity meets the definition of a public benefit entity under FRS102.

The accounts are presented in Sterling (£).

Incoming Resources

All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received, and all the monetary value of incoming resources can be measured with sufficient reliability. Incoming resources represent the amount derived from the provision of services 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 specific performance by the charitable company, are recognised when the charitable company becomes unconditionally entitled to the grant.

Investment income is recognised on a receivable basis.

Provision is made for amounts due to the charity at the year end date (see note 11).

Gifts in Kind

Assets given for use by the charity are recognised as incoming resources when received at a reasonable estimate of their value to the charity. Assets are depreciated over their expected useful lives.

14

Naace (A Company Limited by Guarantee)

Notes to the Accounts for the year ended 30 June 2025 ~ continued

Donated Services and Facilities

Donated services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable 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 the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Resources Expended

Liabilities are recognised as soon as there is a legal or constructive 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 both costs that can be allocated directly to such activities and those cost of an indirect nature necessary to support them.

Support and governance costs include those costs 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 Leases

Rental charges are charged on a straight line basis over the term of the lease.

Intangible Assets

The cost of the Self Review Framework Tool is written off over a 10 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 a 5 year period.

Tangible Fixed Assets

Individual fixed assets costing over £150 are capitalised at cost.

Depreciation of fixed assets is charged by annual instalments commencing with the year of acquisition at rates estimated to write off their cost less any residual value over their expected useful lives which are as follows:

Office equipment 7 years — straight line (fully depreciated) Computer equipment 4 years ~ straight line (fully depreciated)

Legal Status 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 £1.

Debtors

Debtors are recognised at the settlement amount owed to the Charity or prepaid.

15

Naace (A Company Limited by Guarantee)

Notes to the Accounts for the year ended 30 June 2025 - continued

Judgements and Key Sources of Estimation Uncertainty

The preparation of accounts using generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the accounts and reported amounts of revenue and expenses in the reporting period. The key estimates and assumptions used in the financial statements are detailed in the accounting policies.

Creditors

Creditors and provisions 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 party, and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount.

Taxation

The Charity is exempt from tax on its charitable activities. The Charity also rents 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 the Charity’s aims and, as such, are considered to be primary purpose trading.

2. Investment Income and Interest

		2025	2024
		£	£
	Investment income		IS
3.	Income from Charitable Activities
		2025	2024
		£	£
	Membership Fees	25,339	24,688
	Educational projects andprogrammes	5,655	3,799
	SRF Fees	14,606	13,050
	Donations	900	1,000
		£ __.46,500 £
4.	Expenditure on Charitable Activities
		2025	2024
		£	£
	Educational projects and programmes
	Projectanddeliverycosts	9,050	11,980

16

Naace (A Company Limited by Guarantee)

Notes to the Accounts for the year ended 30 June 2025 - continued

5. Support and Governance Costs

6.

7.

Support and Governance Costs
		2025		2024
		£		£
Website Costs		8,327		10,278
Overheads (including depreciation)		14,523		18,310
Board/constitution costs		1,587		1,075
Professional fees (includedAccountancy, Admin&
Payroll)		19,265		17,422
Write offbad debt		5,235		100
	£	48,937	£	47,185
Net Incoming Resources
		2025		2024
		£		£
Net incoming resources are stated after charging:
Amortisation ofSRF Tool and website development		10,927		10,927
Independent Examination Fees		1,800		1,800
Employees

There were no employees in either 2024 or 2025.

8. Directors/Trustees

Remuneration was paid to 3 members of the board of Management (trustees), this totalled £2,190 (2024: £2,500). Expenses reimbursed to 2 board members during the year 2025 amounted to £759 (2024: £572). Trustees’ indemnity insurance charged during the year was part of an umbrella policy and has not been separately disclosed by the insurers.

9. Taxation

The company is a registered charity and is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

10. Intangible Assets

	SelfReview Framework	Website Development	Total
	Tool
Costb/fwd	12,000	58,871	70,871
Additions	-	-	-
Amortisation b/fwd	9,600	25,595	35,195
Amortisation fortheyear	1,200	9,727	10,927
NBV at 30.6.24	2,400	33,276	35,676
NBVat30.6.25	1,200	23,549	24,749

17

Naace

(A Company Limited by Guarantee)

Notes to the Accounts for the year ended 30 June 2025 - continued

11.	Debtors: amounts falling due within one year
		2025	2024
		£	£
	Trade debtors	7,955	4,005
	Prepayments and accrued income	1,696	1,571
		ee)
12.	Creditors: amounts falling due within oneyear
		2025	2024
		£	£
	Trade creditors	2,536	2,962
	Accruals	3,920	3,297
	Deferred income (note 13)	9,906	14,575
		—— 16362
13.	Deferred Income
		2025	2024
		£	£
	Balance at 1 July 2023	14,575	7,910
	Released to incoming resources	(14,575)	(7,910)
	Amount deferred in the year	9,906	14,575
	Balanceat30June2024	9,906	14,575

Deferred income represented income received in advance of the period to which it relates.

14.‘	Reserves (Unrestricted)
		2025	2024
		£	£
	At 1 July 2024	38,299	54,712
	Net outgoing resources for theyear	(11,307)	(16,413)
	At30June2025	26,992	38,299

15. Share Capital

The company is a company limited by guarantee, having no share capital. In the event of the company being wound up, each person who is at that time a member, or has ceased 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 Guarantee)

Notes to the Accounts for the year ended 30 June 2025 - continued

16. Related Party Transactions

During the year the following trustees, their family members and their associated businesses invoiced for consultancy work provided to the charity:

		2025	2024
		£	£
	P Blackburn	300	500
	J Basketts	-	900
	Gavin Hawkins	1,440	500
	C Preston (MirandaNet)	450	600
	AMurden (SatoriEducation Ltd)	-	-
			0
	There are no otherrelated party transactions.
17.	Net Asset Statement
		2025	2024
	Unrestricted Funds	£	£
	Fixed Assets	24,749	35,676
	Current Assets	18,605	23,457
	Less Current Liabilities	(16,362)	(20,834)
		2
18.	Movement in Funds
		2025	2024
	Unrestricted Funds	£	£
	Opening balance	38,299	54,712
	Income	46,680	42,752
	Expenditure	(57,987)	(59,165)
		see8,992

19