**REGISTERED COMPANY NUMBER: 11006720 (England and Wales) REGISTERED CHARITY NUMBER: 1187264**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2024**
## **for**
## **STAND OUT NORTHAMPTONSHIRE LIMITED**
Infinitas Accountants Limited Unit 6 North Business Park Cherry Hall Road Kettering Northamptonshire NN14 1UE
**STAND OUT NORTHAMPTONSHIRE LIMITED**
**Contents of the Financial Statements for the Year Ended 31 March 2024**
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Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 9
Detailed Statement of Financial Activities 10
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**STAND OUT NORTHAMPTONSHIRE LIMITED**
**Report of the Trustees for the Year Ended 31 March 2024**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objective of the charity is to prepare care experienced children in Northamptonshire for a healthier, happier and safer future with improved life outcomes.
## **Public benefit**
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The charity has been involved in the provision of the Caring Connections project assisting children in care and care leavers with support towards improved wellbeing, education and employment. The charity is backed by the National Lottery Community Fund and some other relatively major backers.
## **FINANCIAL REVIEW**
## **Financial position**
The charity's income during the year originated from grants and donations which amounted to £28,485.
## **Reserves policy**
The charity's trustees consider the current reserves of £30,841 at 31 March 2024 are sufficient to sustain its operations over the forthcoming year. Of the year end reserves total, £9,367 represents unrestricted funds and £21,474 represents restricted funds. Reserves are needed to temporarily fund timing gaps between the receipt and spending of income, and fund future projects. The trustees actively monitor the reserves of the charity at regular trustee meetings and make appropriate arrangements to ensure the charity has adequate resources to continue to operate.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Recruitment and appointment of new trustees**
New trustees are elected by the existing trustees of the charity with appointments and reappointments being declared on an annual basis. Trustees have the power to appoint new trustees on an interim basis until the next AGM.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered Company number** 11006720 (England and Wales)
## **Registered Charity number**
1187264
## **Registered office**
60 Sutton Street Flore Northampton Northamptonshire NN7 4LE
Page 1
## **STAND OUT NORTHAMPTONSHIRE LIMITED**
## **Report of the Trustees for the Year Ended 31 March 2024**
**Trustees** S Alexander D A Apparicio J Ekins G J Goss S Latif S E O'Connor A H Pryce J Toman **Independent Examiner** Infinitas Accountants Limited Unit 6 North Business Park Cherry Hall Road Kettering Northamptonshire NN14 1UE Approved by order of the board of trustees on ............................................. and signed on its behalf by: 19/12/24
~~...........................~~ Adrian Pryce (Dec 19, 2024 19:38 GMT) ............................................ Trustee
Page 2
**Independent Examiner's Report to the Trustees of Stand Out Northamptonshire Limited**
## **Independent examiner's report to the trustees of Stand Out Northamptonshire Limited ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
## **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 requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited 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 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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 (FRS 102)).
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.
Caroline Armstrong FCA
Infinitas Accountants Limited Unit 6 North Business Park Cherry Hall Road Kettering Northamptonshire NN14 1UE 19/12/2024 Date: .............................................
Page 3
**STAND OUT NORTHAMPTONSHIRE LIMITED**
## **Statement of Financial Activities for the Year Ended 31 March 2024**
|**Unrestricted**
**Restricted**
**fund**
**fund**
**Notes**
**£**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
1,485
27,000
Investment income
2
177
-
**Total**
1,662
27,000
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
-
39,392
**NET INCOME/(EXPENDITURE)**
1,662
(12,392)
**RECONCILIATION OF FUNDS**
Total funds brought forward
7,705
33,866
**TOTAL FUNDS CARRIED FORWARD**
9,367
21,474|**2024**
**Total**
**funds**
**£**
28,485
177
28,662
39,392
(10,730)
41,571
30,841|**2023**
**Total**
**funds**
**£**
34,864
33
34,897
21,584
13,313
28,258
41,571|
|---|---|---|
The notes form part of these financial statements
Page 4
**STAND OUT NORTHAMPTONSHIRE LIMITED**
## **Balance Sheet 31 March 2024**
|**Unrestricted**
**Restricted**
**fund**
**fund**
**Notes**
**£**
**£**
**CURRENT ASSETS**
Cash in hand
10,459
21,474
**CREDITORS**
Amounts falling due within one year
5
(1,092)
-
**NET CURRENT ASSETS**
9,367
21,474
**TOTAL ASSETS LESS CURRENT LIABILITIES**
9,367
21,474
**NET ASSETS**
9,367
21,474
**FUNDS**
6
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**2024**
**Total**
**funds**
**£**
31,933
(1,092)
30,841
30,841
30,841
9,367
21,474
30,841|**2023**
**Total**
**funds**
**£**
42,591
(1,020)
41,571
41,571
41,571
7,705
33,866
41,571|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 state 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.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 5
**STAND OUT NORTHAMPTONSHIRE LIMITED**
**Notes to the Financial Statements for the Year Ended 31 March 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. INVESTMENT INCOME**
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||||
|---|---|---|
|2024|2023|
|£|£|
|Deposit account interest|177|33|
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## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Page 6
continued...
**STAND OUT NORTHAMPTONSHIRE LIMITED**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
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4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,000 33,864 34,864
Investment income 33 - 33
Total 1,033 33,864 34,897
EXPENDITURE ON
Charitable activities
Charitable activities 2,463 19,121 21,584
NET INCOME/(EXPENDITURE) (1,430) 14,743 13,313
RECONCILIATION OF FUNDS
Total funds brought forward 9,135 19,123 28,258
TOTAL FUNDS CARRIED FORWARD 7,705 33,866 41,571
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other creditors 1,092 1,020
6. MOVEMENT IN FUNDS
Net
movement At
At 1.4.23 in funds 31.3.24
£ £ £
Unrestricted funds
General fund 7,705 1,662 9,367
Restricted funds
Restricted fund 33,866 (12,392) 21,474
TOTAL FUNDS 41,571 (10,730) 30,841
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continued...
**STAND OUT NORTHAMPTONSHIRE LIMITED**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **6. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
1,662
**Restricted funds**
Restricted fund
27,000|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
-
1,662
(39,392)
(12,392)|
|---|---|
|**TOTAL FUNDS**
28,662|(39,392)
(10,730)|
|**Comparatives for movement in funds**
**At 1.4.22**
**£**
**Unrestricted funds**
General fund
9,135
**Restricted funds**
Restricted fund
19,123|**Net**
**movement**
**At**
**in funds**
**31.3.23**
**£**
**£**
(1,430)
7,705
14,743
33,866|
|**TOTAL FUNDS**
28,258|13,313
41,571|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund|**Incoming**
**Resources**
**resources**
**expended**
**£**
**£**
1,033
(2,463)
33,864
(19,121)|**Movement**
**in funds**
**£**
(1,430)
14,743|
|---|---|---|
|**TOTAL FUNDS**|34,897
(21,584)|13,313|
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continued...
**STAND OUT NORTHAMPTONSHIRE LIMITED**
**Notes to the Financial Statements - continued for the Year Ended 31 March 2024**
## **6. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund|**Net**
**movement**
**At 1.4.22**
**in funds**
**£**
**£**
9,135
232
19,123
2,351|**At**
**31.3.24**
**£**
9,367
21,474|
|---|---|---|
|**TOTAL FUNDS**|28,258
2,583|30,841|
|A current year 12 months and prior year 12 months combined net movement in funds, included in the above a
as follows:
**Incoming**
**Resources**
**Movement**
**resources**
**expended**
**in funds**
**£**
**£**
**£**
**Unrestricted funds**
General fund
2,695
(2,463)
232
**Restricted funds**
Restricted fund
60,864
(58,513)
2,351|||
|**TOTAL FUNDS**|63,559
(60,976)|2,583|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
## **7. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
Page 9
**STAND OUT NORTHAMPTONSHIRE LIMITED**
## **Detailed Statement of Financial Activities for the Year Ended 31 March 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Grants
Donations|**2024**
**2023**
**£**
**£**
25,000
-
3,485
34,864|
|---|---|
|**Investment income**
Deposit account interest|28,485
34,864
177
33|
|**Total incoming resources**
**EXPENDITURE**
**Support costs**
**Management**
Insurance
Sundries|28,662
34,897
234
234
34
296|
|**Information technology**
Computer costs
**Governance costs**
Consultancy
Accountancy fees
Legal fees|268
530
428
-
36,946
19,892
1,092
-
658
1,162|
||38,696
21,054|
|Total resources expended|39,392
21,584|
|**Net (expenditure)/income**|(10,730)
13,313|
This page does not form part of the statutory financial statements
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