REGISTERED COMPANY NUMBER: 0963546S (England and Wxles) RECISTERED CHARITY NUMBER: 1161&)8 Re rtof the Trusttt5 dl dals for National Ld Based C4)Ile Kilby Fox Charterd Accountants 4 Pavtlion Court 600 Pavilion Drive Nortlwllpton Business Park NorthamptQD Northamplonshjre N4 7SL
Contents of the FinaD¢ial Statements Report of the Tru$ttts IlldependentExIthieI'$ Reporl Statement of Fin8nci*l Activities BAIADee Shett Notrs to the Flnand81 Ststernents Detgiled Ststement of FIncI&l Activilies io
IYtltsnal Ld Bmed C4)Ue rt ofthe Trn$tees r the Year Ended 31 Jlll 20 The wstets who are also dirtorS of the charity for the pur[M)S of the Compani&q Act 21K16, present their report with the fjnancial statements of the charity for the year etmled 31 July 2024. The truste£s have lOpted the wovisions of Accounting and Reporting by Charities: Stsi¢meni of Re£ommenda Prtice applicable to charitiu preparing their awunts in a¢¢ordgnc¢ with the Finatlcial Rqjorting Standard applicable in the UK and Republic of Ireknd IFRS 102) Irfflive l JaDuary 2019). STRucrU GOVERNANCE AND MANAGEMEf4T Governlng dotllment The charity is controlled by its governing documenl a deed of tsIKsL and cOnstit£S a hmiied company. limited by guarantee, as defined by the CA)mpanies Aet 2006. REFERENCE AND ADMINISTRATIVE DETAIIS Rtered Comphny numbtr 0963M65 (England and Wales) Rwsternl Charlty llumljer 1164698 Registered office UnIvty OfNorth8mpton Innovation Centre Green Stred Northampll Northamptondjire NNI ISY Trysteos R W Lot)horP OBE {resigned 23.4.24) CJFMatts M Clinton D V Phillips (r£S4cd 23.4.24) SJGadd MTS A I Payne Mrs J E Milburn DTTMUpwrt Dr T Whitakercompany Director Indryendent ExAmiDer Kilby Fox 4 Pavilion Court 600 Pa*ilion Dtive Northampton BusinPark Northampton Northamptmshire NN4 78L Approved by order of the board oftrustrs" OD.. ..2..4-1.9..12..S.......... . at¥1 signed on its behrby. C JF Matts- Tntel Page I
Inde dent Examlner's Re rt tothe Tru$tee5 of N8tloDal Land BA5ed Coll Independent¢xamiDer's report to the tTUStets of NatioD#I Land Based Colkgt ('the CoThpanY) I report to the charity trustets ott my examination of the a¢11$ of the Company for the y¢arended 31 July 2024. RpOnSibl71t1es 8nd of report As the ¢haTity'S tSte¢S of the Thjmpany (and also its directon for the PUTW)ses of ¢ompany law} you are responsible for lh¢ preparation of the accounts" in accordance with the requirements of the Companies Act 2( I'the 2(Ki6 Act,). Having satisfid myself that the accounts of th¢ Company are not rts]uird to bc aydiia under Part 16 of the 2(K)6 Act r¢ digible for ind¢pende4)t ¢xaminatioffj I report in rwect of my examination of your ¢knty'$ accounts as eaTTied out under Section 145 of the CThariiI Act 2011 fthe 2011 Act'}. tn carying out my expmination I bave follow the "r¢ctionsgiv¢n by lh¢ ChaTity Commi55iou und¢r S¢etion 145(5) (b) of the 2011 Act. Independent ¢xamlner's stHtemeDt I have completed my examination. l ¢onfJrni that no matters have come to rny attention in Cotlrt¢loll with the exarnination gYvin8 mc cause to bclicve: a¢untIng records were not kept in resm of the CoMpY asrequirttj by Se¢tion 386 of the 2(M)6 Act" or theaccounts do not accord with tt)os¢ r¢coTd% QT the OutS do not COTnply with the accounting requirements of Seaion 396 of th¢ 2006 ALt othcr than arty iequimnent thai the accounts give a tw¢ and fair vi¢w which is not a matter Co]dered as part of Indepdent exanination. or the atcounts have not been prepar¢d in accordance with the mdhods at¥1 principl&s of thc Staternertt of Rttommended Practice for accounting and r¢irtg by charitie% (applicable to charities prq>ing their oUnt5 in OrdanCe with the Financial Rqjorting St&ard app]icable in the UK and Republic of IT¢land iFRS 102)). I hve no eonc¢rns and have eom¢ across no other matters in conntttion with the examination to which attention should be drawn itl this report in order to ¢Dabl¢a pryr undersLqnding of theaccounts to be reac1d. Fran¢4s T¢blxJtt ACA FCCA FMAAT Kilby Fox 4 Pavilion Court 600 Pavilion Dtive Northampton Businu$ Park Northampton NoTthamptonshire NN4 7SL 2.b../4/25..-... Page 2
N*lioD81 IAnd Hed Colle St#tement •f Flnandal ACtItIeS for the Year Ended 31 Jul . 2024 2024 Unrestricted nd 2023 Total funds NeS INCOME AND ENDOIIMENTS FROM Othertrading a¢tiviti¢s 63J16 48,271 EXPEf4DITURE ON Raising fithds 7&81 56,944 NET INCOMEI(EXPENDITURE) (15,490) {8,673) RECONCIUATiof4 OF Fin4DS Total fLU]d4' broughi fotward 139.044 147,717 TOTAL FUNDS CARRIED FORWARD 123,554 139,044 The notes forn) part of tIMe fin8n¢ial #aements Page 3
Balance Sbet 31 Jul 2024 2024 Unrestrictoj fi]nd 2023 funds Notes CURRENf ASSETS Debtors C.&$h at bank 36,609 87,325 105 14J,687 123,934 143.792 CREDITORS Amounts falling Ilue wilhin one year {380) (4,748) NET CURRENf ASSETS 123,554 139,( TOTAL ASSETS CURRENT LIABIIJTIES 123,554 139.044 NKT A&8ETS 123,554 139.044 FUNDS Unrestricte41 fwids 10 123,554 139,044 TOTAL Fuf4DS 123,554 139,044 Tr tharitable r4)mpany is entitle41 to exemption from audit under Stttion 477 of the Compatties Act 2[ for the ycar ¢ndcd 31 July 2024. The meMr$ have noi required the MpanY to oirtain an audit of its financid aateMts for th¢ year ¢nd¢d 31 July 2024 in accordance wilh Se¢ti¢)n476 oKth¢ Compani¢s kn12(Kl6. Thc trnstecs acknowledge theirrespon5ibilitie5 for (a) cnsuring thai the charitable company keeps accounting re£ords that Comply with Sections 386 aThl 387 of the Companies Act 20(kn and eparing financial slatements which give a true and fair view of the slate of affair$ of the charitable company as at the end of each financial year and tsf its surplus or deficit for edch fllCIal year in xc0rdaTt with the rairements of Sectiot)s 394 and 395 and which otherwise comply with the requiTttnents of the Compani¢s Act 2006 ie]ating to financia] statements so far &$ applicable to Ihe charitable ¢ompany. (b) These fEnan¢ial Statem1$ have been prepared in accord8nce with the prOvisiS applicable to charitable companies bject lo the small comp2m'& rwme. The financial #atements were approY•l by the Board of Trn$eS aUthl$ed for issue 2. ¥ 14g./.l..s....... and were signed on itsbehalf by.. C J F MaL8. Tnjsttt The notc5 fonn part of these financial Slatemts. Page 4
NationRI Land Based Colk Notes to Ihe Finonci81 ststernets forthe Year Ended 31 Jul 2024 ACCOiJNTJNG POLICIES Basls Of pr¢p8rlng the fiThan¢lal s¢8t¢ments The financial btatemenlb. of the charitable CQmPAny> whith is a publjr irncfit rnijty un(kr FRS 102, have bcen pr(yred in ac£ordanee with the chltieS SORP (FRS 102) 'Accounting and Reporting by Charitie8'. Statement of Recommended Practice applicable to charities preparing their ¢ounL in accordan with the Finattcial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financia] Reporting Standard 102 71)e Financial Reporting Standard applicabl¢ in th¢ UK and RewJb]ic of IrelatMI' aTMI the Companies Aci 21MJ6. The f]]wcial stalellhenL4' have been Prepared under the his¢ori¢ai cost convenlion. Incorne All in¢om¢ is reco8nis¢d in the Statement of Financial Activitie% onc£ the charity h&4 entitlemtht lo the fund4 il is pmbable thai the it)come will be receiyry] and the amount C8n be Jneasured reliably. Expelldilure Liabilities ar¢ rexogni%d u ¢XpditUr¢ as soon as th¢r¢ 15 a le or constructive obltgation committtng the chaty to that expertditur< it 1$ probable that a tranfer of (*orttsmit bentfit% will be rqlliral tn setdemeni and th¢ amount of the obligation ean be meosurd reliably. Expenditure is accounted for on an ac¢Nals bwis and h& been clwified under headingg that aggreg all co&t relat to th¢ category. Where costs cannot be directly ttnThuted to partiwlar hwlings th¢y hav¢ iwi all(ut¢d to activiti¢s on ? b&8is consistent with th¢ use of Jrsour¢es. Tangibk fixed assets Dcpreciation is Provided at the followin8 annual rdtcs in ordcr to write off cach asset over its ¢stimat•J use1 life. Cotnpuierequipmeiit 33.3 /0 on cost Taxation ThechaTity is¢x¢mpt from corporation on its charitable xtiviti&s. Fwid xeountlng U]lltstiictd funds can be used in accordance with the charitable objectives at the discretion of the trust¢¢s. Reth¢ted fundy Can only be used for particular restricted purposes within the obje£ts of the chality. Restrictions arise when specified by the donor or whets funds are raised forpanicular restrict&J purw$. Further explanation of the ndure and purpose of exh is included in the notes to the financi staternents. OTHER TRADING ACTIVITIES 2024 2023 C & G JSA It0e Pmje¢t fundirtg 43,316 20,000 31271 17,IKK) 63,316 48271 Page 5
N•te$ to the Statements- tontitiued for the Year Ended 31 2024 RAJSING FUNDS RtslllE donalions Dd legacies 2024 2023 Support costs 78,81 4.544 TRU5TEES' REMUIYEIL4TIOIY AND BENEFITS There wert no intsttts, ronunerdtion or other bcri for the year ended 31 July 2024 llr for thc year ded 31 July 2023. Trust&s' expenses Expojsts t£ting£Ni] were paid to Otrustets during the yearended 31st July 2024 (2023: £Nil}. COMPAIL4TIVES FOR THE STATEMENf OF FINAP4CIAL ACTIVITIES Unrestricted fvnd INCOME AND ENDOWMENTS FROM OthertiIn8 activiti&s 48271 EXPENDITURE ON Raising futtds 56,944 NET INCOMEIIEXPEIYDITURE) 18.6731 RECONCJLIATION OF FUNDS Totai fvnds brought fotward 147,717 TOTAL Fuf4DS CARRIED FORWARD 139,044 INTANGIBLE FIXED Wthte COST Al l AugLLsi 2023 a[ 31 July 2024 12,014 AMORIISATION At l August 2023 and 31 July 2024 12,014 NET BOOK VALUE At 31 July 2024 At 31 July 2023 Page 6
National Land B88ed Coll¢ Irfotes to the Flnaneial Statements- thtIn*¢I1 for the Year Eded 31 Jul 2024 TANGIBLE FIXED ASSETS Comput¢r equipment COST At l August 2023 and 31 July 2024 6,820 DEPRECIATION At l August 2023 and 31 July 2024 6,820 NET BOOKVALUE Ai 31 July 2024 At Jl July 2023 DEBTORS: AMOiryTS FALLING DUE WH1 ONE YEAR 2024 2023 TTrde debtors 36,609 105 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trdde creditor5 4,748 io. MOVEMENT IN FUNDS Net movement in funds. At 31.724 At 1.8.23 Ullrestrkted Gcncrd] fund 139,044 (15,490) 123,554 TOTAL FU]YDS 139,044 (15,49)) 123,554 Net movement in funds, in¢lud¢d in th¢ abov¢ ar¢ as foll Incoming Rw)urcLs Movement in fu]Mls Unrutrlct¢d fvnds Gthetsl fund 63,316 (78.806) (15,490) TOTAL FUNDS 63.316 {78,806) {15,490) Page 7
Nots8 to the FltsancI Statements- eontlDued for tbe Ytar Ethded 31 Jul 2024 io. MOVEMENT IN FUNDS- eODtinved Comp#r#tfves for movementln funds Nd movement in funds At 31.7.23 At1.8.22 Unrestrlcted funds Generdl fund 147,717 (8,673) 139.044 TOTAL FUNDS 147,717 (8.673) 139.044 Comparative net movement in funds. indudd in th¢ above aff as follows.. Incomirtg resouwes Resources Movemalt ¢XP¢4)d¢d iti funds Unrestricted fuDds GeneTa] fimd 48,271 (56.944) (8,673) TOTAL FUNDS 48,271 (56,944) (8.673) A ¢urT¢nt y¢ar 12 months and prioryeor 12 months combined p)sition is as follows: Net D)ov¢ment in funds At 31.7.24 At 1.8.22 UnrestrI¢ted funds Gcnerdl fund 147,717 (24,163) 123,554 TOTAL FUNDS 147.717 (24.163) 123J54 A curre1 yrdr 12 months artd prior year 12 months combin&J nd movement in fvnds included in the above are &$ follows: coming ReUrceS Movement resources cxpcnd¢d in fi]nds Unre5tTiited funds Generai nd 111,587 {135.750) (24.163) TOTAL FUNDS 111587 {135.750) (24,163} Pag¢ 8
N8tionAI Base41 Colk Note5 to th¢ Fin•nci81 Statemellts- contithu£d for the Year Ellded 31 Jul . 2024 RELATED PARTY DISCIA)SURES Th¢r¢ w¢r¢ no r¢la¢d paty ttznsactions forthe Year¢nd 31 July 2024. Page 9
N•tlonil Bued Colle Detall¢d StstemeTrt Of FID8ncial Activitie5 f r the Year Ended 31 Jul . 2024 2024 2023 INCOME AND ENDOWMENrs Other trading Attivitles C & G JSA In¢ome Project fijnding 3 1,271 17.(KKI 20.0(M) 63,316 48.271 Ttyt41 inMiR rew¢9 63,316 48,271 EXPENDITURE Support Costs Management charges .cl proj1 cobxs 49,995 21.(KK) 50,1XK) 70,995 50.0 Govern#nee eosts oirice rental 2.400 267 88 1864 1,056 2,4(K Sundries Accountanry f¢ Professio17 fees Trav¢lling Computer weJ)sit¢ tosts sUPLyip1iotts i( 3 J77 13 1,014 1,112 24 7.811 Tothl Jrsources expend)J 78306 56,944 Net expewjiture (15.490) {8,673) This page does not forn) pfflt of the stslutory financial statements Page 10