CHARITY REGISTRATION NUMBER: 11930S4 CHRISTOPHER NIEPER FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
CHRISTOPHER NIEPER FOUNDATION LEGAL ANDADMINISTRATIVE INFORMATION Trustee¥ David Christopher Nieper 08E (Chairl Rev Paul Martin PTltchard Andrew Timothy Cook Pfol P8ul John Potts CBE Robert Gerald Pitt8m Dr Kathryn Hobbs Key Managornent Personnel Nicola Hall- P¥ogr8mme Director (to M8y 20251 Reglsterod Ch8rlty nurnber 1193054 Regi$t$red office David Nieper Ltd Nottingham Road Alfreton DE55 7LE Independent Examlner Joanne Heldreich Beehive Chartered Accountants The Barn, Kings Newton Hall Main Street Kings Newron Derbyshiie DE73 8BX Bankers National WesiminsieT Bank plc Nottingham City Branch Unit 27 Victoria Centre Nott5ngham NG13QD Investment Managers Evelyn Partners 45 Gresh8m Street London EC2V 7BG
CHRISTOPHER NIEPER FOUNDATtON CONTENTS Page Chair's Report Trustees. Report 2104 Independent Examiner's Report Slaiement of Financial Activities Balance Sheet Notes to the Financial Statements 8t015
CHRISTOPHER NIEPER FOUNDATION CHAIR'S REPORT FOR THEYEAR ENDED 31 MARCH 2025 Our mi55ion is io lead by example wlh pr8ctlC818nd provon Ideas to boost oducatlon. economic renewBI and civic 8ng8gement in Bril8in'g left behlnd towny. We Bre b85ed in tho Derbyshire town ol Allreton. 8 tormer coal minlng Bre8 where my f8mily'8 textile company has been a major employer IOT over 60 yeaTg. The Christophor Nioper Educ8110n Trust runs alongside Christophcr Nieper Foundation whlch is lundtrd principally by donations from our lamily and lamily company D8vid Ni8per18shion where l am CEO Bnd which was founded by my parents In 1961. With the abovg mission I belleve our compBny18 8n exempl8r ol corporate gocial r•yponsibility which could be replicBted to great effect elsewhere In Brit8in. ReyeDrch by Westminster Think tank. The Cenire for Soci81Justice has Identified 205 lorgoiien English towns with 3imilarsocioe¢onomic profile toAllreton with around S million Inhabitants, m8ny in the Midlands & North. Our philosophy Is that home grown prosperity Irom within 8 community is B powertul private sector response lo th8 challenges of left behind communities ano more sust8in8ble than t8xpayer handouts. As such we are conceniratinE on employabiltty skills and behaviours lor schools 8nd csvic engagement by our not-for-profit Ioc81 media, th8 Spirit of Allffjton. Employabllity skills often missing from schools, but they help young people go lunher and lastei. earning more in their career with sell-esteem and sociol mobility. Our 6 employability benchmarks. developed with the Christopher Nieper Education trust are alieady operational amongst ihe 815 second8ry school pupils at Dwd Nieper Academy ensuring they secure good jobs. appienliceships or places at higherlfurthereducation and givingthem 8 good chance ol becomlng Brttsin's leaders and achievers of the future. Our civic engagement is achieved by a yound-breaking non-for-profit hyper Ioc81 media. the'spiiit ol Allreton. 8 community website and exemplar for responsible use ol the opportunity provided by social media. The Spirit of Allieton already has a significant re8ch 8mongst the Ioc81 population. During 2025 our company, David Nieper Ltd, received a King's Award for Ent8fpTise (sustainable development) and are one of only three companies n8tionally in any sector to have won ihis for a second time. D8vld Chri$tc*pher Niepar OBE Chalr Date: PaEe 1
CHRISTOPHER NIEPER FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustee5 present their annual report and financial gt8lomen18 lof Ihe year endod 31 Morch 2025. Th8 Iin8nci81 Siatemenis have beon propared In accordnnce with the accountlng pollcies 88t out in note 1 to the linanciBI sratements ond comply with Ihe Chority'3 gov8rnlng document. thè Charltles Aci 2011 gnd 'Accounting and Rcporting by Chorilios- St8toment ol Recommonded Praciico applic8blo to ch8ritie3 prep8ring Iheir accounts in Bccordanco with the FinanciBI Reporting Standaid Bpplicabl14 In tho UK 8nd Republic ol Irelond IFRS 1021" letlective IIDnLtary 20191. OBJECTIVES AND AcnvmES Purposè The charity seeks tho promotion loi public bonelit of socSal inclusion. ty preventing people from becoming socially excluded, relieving the n8eds ol those people who are soci811y excluded and assisting ihern 10 Integrate into society. Maln Aetlvltltj During th6 2024-25 fin8ncial year, the Foundaiion recognised income of £130.010 and rnad8 charitable donations of £53,539 as set out In note 6 to the 8ccounts. The m8in ongoing Bctlwties remain 8S SUPPOrting education and community cohesson in Alfreton and setting an exarnple lor Lsnlocking local talent lor economic growth within left behind towns. Publle Benetit The trustees have referred to the guidance ¢ont8ined In the Charlty Commission's generBI guidance on public benefit when VIewIng their aims and objectives and when planning for future 8Ctivitses. In particular. Ihetrustees consider how planned activitieswill coniribute to the aims and objectives they have set. ACHIEVEMENTS AND PERFORMANCE In education David Nieper Academy has become Derbyshire's 3rd mosl oversubscribed school and ils innov8tive approach to employability has helped 8chieve zgro NEETS at age 18 for the second year rnnning. Over 80% of sixth form leavers gained plaees at university. At the lime ol writing Christopher Nieper Education Trust. which is supported bythis Foundation has 4 schools Ivp from 2 schooLs18St year). Spirit ol Alfreton, the Foundotion's loeal news port81'for the community, by the community. now has up to 30.000 views on soci81 media each month and 3000 monthly web visitors. It has a full-time reporterleditor which is co-funded with the University ol Derby with whom the Foundation has a specral partnership agreement. FINANCIAL REVIEW Flnanclal positlon The SrAtemenr of Finanei81 Activities is set out on p8ge 6. To181 incoming resources for the perlod 8mounted to £130,010 12024.. £29,755). After administrative expenses and charitable expenditure of £97.47212024.' £30,601) and a gain on inv8Stmen13 01 £34,03212024: gain £4,806), the net surplu5 for the period amounted to £66.570 {2024'. Surplus £3,960). Page 2
CHRISTOPHEA NIEPER FOUNDATION TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 The loundat*on 13 funded by don8tiony ol É1.25m mthde during 2024 by David Nsepor Devolopments Lid. on behelf of David Chrisiopher Niopor OBE Ichplrl, Investod directly Into Socuriiies on beh81f ol tho Christophei Nieper FoundAiion. The Invosimonts are hold 10 provido lundjng lor ihe FoundAtion to enDblo it to meef Its charitnble obieclive5 lor Ihe coming ten yehrs. The irustees conyidor thgt thg overall iosulis lor tho year are In Ilno wlth oxpoctoilons. R•s•nths and golngconcern The trustees have ¢onsTrdered ihe neod io hold ieservos and consider tho £70,661 12024. £4,091) ol Ireo reserves held as Ot 31 March 2025 to sulficieni given Iho minifflbl operaiionBI costs Bssocialed wilh running the Foundation. The twsiees have also considered the cash cequiiements ol the charity and aim io hold 6 monihs based on curront expenditure. with I monih of this held 99 Immedialely Bvailable cash. Trustees havo no curreni concerns regording Vlability and going concern. Instment policy and objectives The Ch115topher Nieper Foundation's investrnent policy is lo m8int8ln B bB18nce bemen Incom8 generation 8nd preserving the e8Plt8lvalue ol funds whlch have been retalned for future distrlbution. Trustees h8v8 8ppoint8d investm8ni m8n8gemenl comp8ny Evelyn Partner3 to manage Investments on behall ol the Foundalion on 8 discrelion8ry b8sis and to g¢quire pnd dispose ol inv8$iment$, as the twslees require. Any income generated Is to be applled to meet the ch8rfVs objects. The overall attitude tOW8rd Investment risk is medium to low. bèst described 88 ba18nced. Invested funds are designBied lor luture grants. therelore the Trusiee8 will nol t&ke unnecessary capilal risk. Decisions will be made In 8ccord8nce with profession81 guidance. which will consider the mand8te. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document Christopher lJiepei Foundation Is a Charitable Incorporated Organisaiion and Is governed by Its CIO Foundation Constitution document dated 7 january 2021. It is regisiered 8s a charity wilh ihe Charity Commission. As 8 charity regisie¥ed in England and WBles. the charitable company olso reports in 8ceordance with the Charity Commission for England 8nd Wale8' guidance on public benefit and iho Charities Act 2011. The Trusiees who served during the year and up to the d8te ol sign8ture of the linanc181 statements. ond the Key Management Personnel are 8s set out In the leg81 and admini51rative information. Recrultment and 8ppolntmeni ofnewtrustees Founding members have the power to appoint new tiustee9 and to remove And replace trustees. Trustees who are noi lounding membeis Bre appointed lor a fixod lefm ol three yeoTs, and retire 8t the end ot Ihat lefm unless re-appointed by the founding members. A new t¥ystee or Irusteeg m8y be appointed 818ny time. The minimum number ol iruslees Is three. there Is no maximum. Any new trustee or trustees would Page 3
CHRISTOPHER NIEPER FOUNDATION TRUSTEES'REPORT FOR THEYEAR ENDE031 MARCH 2025 be appointed by reference to thoir abilitieg to Ope¢8 B ch8rityol this nAtureBnd the exisung iru3toe8 would ensure 81811 times that ihey were thus competenl. The chanty Is operated by its boèrd ol Tru91oes who gre responsible fo¥ 811 docislons underl8ken ond who meet 8t least two time38 year. A Director iy appointed by the tru$tee$ to m8nBge tho day-to-d8yoperBtlon$ of the charity. Th9 charity's m8n8gement, finances, 8nd operaiions afe SUPPOrted by DBvid Nieper Ltd. Pay pollcy foi 8•nlor stafl The trustees consider tho board ol trusiees and the senior rn8nagement teom comprise the key management personn81 of th8 charity In charge ol difecting and controlling, running and OPtsfaiinE the charity on a day to day basis. All trustees give of their tim8 Ifeely and no trustee received remuneration in the yeai. Th8 pay of the senior staff, where applicable, is reviewed onnually and normally increasod In occofd8nc8 with average earnings and In consideration ol Increastrg in cost ol IivFng and inflation. R18k manag8m?nt rhe Trusiees have a to identify and review ih8 risks to whlch the charity Is exposed and to ensure appropriare conrrols are In place io provide ieasonable 8ssuranc8 against IrBud and error. The Trustees h8ve assessed the risks to which the charity is OT may be exposed, particularly ihose which relate to Ihe operations and financing ol the charity. They are satlslied that the trxisting syslems which are In p18ce to proiect against risk Dro 8dequote io mitlgate the charity's exposure. il any. Such gystems are reviewed At least 8nnually. Investment risk is m8n8ged through the 8ppointed investment company. The services provided by Evelyn are professional 8nd Ivlly regulated. The mand8te18s dis¢us5ed in 'lnvestment Policy'l prioritises capitol preservation alongside growth opportunities. The level of risk Is bèst described as 'balanced to cautious, and underlwng Investments are fully diversified. The Trusleeswill continue to follow prolessionBI guidance wirh respeci ro any investment decisions. The Trustees. Report was Bpproved by the Board of Tiu$tee3. Davld Christophor Chalr leper OBE Date: Page 4
INDEPENDENT EXAMINERS REPORTTOTHE TRUSTEE'S OF CHRISTOPHER NIEPER FOUNDATION Independont ex&rnlnor's r•port lo the iru$lo0$ of Chilitopher NSep•i Found•tlon l Teport to ihe irustees on my exBmln8tion of the lin8nclal ytfjtemenis ol Christopher Nieper Found8tion Ithe Chorityl lor the yeor ended 31 March 2025. R•spon3lblihiie* ènd b•sls of report As the Trusiees of the Charity. you aig responsible for iho proparnlion of tho g¢counts In accord8n¢e wilh the requirements ol the Charities Act 2011 Ithe 2011 Acll. I report In re3pect ol my examination ol the Ch&riry'S financial st8tementS C8rried out under section 145 01 the 2011 Aci. In cgrrying oui my examination I have followed all the applicable Difeciions gjven by ihe Charity Commission under section 14515llbl ol the 201 I Aci. Indop•ndont examlner's statem•nt I have completed myexamination. I confirm ihat no m8tteis h8ve come to my attention in conneclion wilh the examination giwng me cause to believe: 8ceouniing records weTe not kept in respect of the Charity a8 required by section 130 of the 2011 Acl: OT 2. the financi81 statements do not accofd with those records,. or 3. the financial statements do not comply with the gpplic8ble requirements conceining the form and content of accounts set out In the Charities (Accounts and Reports) Regul3tions 2008 oiher than any requirement th8t the accounts give a true and lair viewwhich Is not a matter considered as part of an Independent examination. I h8ve no ¢onceTns 8nd have come aeross no oihei m8tters in connection with the examination to which attention should be dr8wn In this report in order to enable a proper understanding of the financi81 st8temenlS to be reached. Jo H8ldrglGh BAFCA for 8nd on behalf of Beehive Ch8rtered Accountants rhe Barn, Kings Newton Hall Main Sireei Kings Newton Derbyshire DE73 8BX D81e: Page 5
CHRISTOPHER NIEPER FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITUREACCOUNTI FOR THE YEAR INDE0 31 MARCH 2025 2024-25 Totol Funds 2023-24 Unrestiiclod Fund9 UnTtsstrlcted Fund Resirictod Fund Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 106,486 106,486 29,755 Investment Income 23,524 23.524 Total In¢omo 130.010 130,010 29.755 EXPENDITUREON Raising lunds 4,178 4.178 238 Charitable 8CtNitifjs 93,294 93,294 30,363 Total Expendlture 97,472 97.472 30,601 Net gainsllloss¢81 on Investmonts 34.032 34.032 4,806 NEf INCOMEIIEXPENDITURÉ} 66.570 66.570 3,960 RECONCIUATION OF FUNDS Total lunds brought forward 4,091 4,091 131 TOTAL FUNDS CARRIED FORWARD 70,661 70,661 4,091 Poge6
CHRISTOPHER NIEPER FOUNDATION BALANCE SHEE[ ASAT31 MARCH 2025 2024-25 Total Fund9 202&24 Total Funds Unreslricted Fund Restrlctod Fund Not08 FIXEDASSETS Investments 10 1,221.989 1,221,989 1,003.541 CURRENT ASSETS Cash ai bank 14,043 14.043 23 CREDITORS Amounts falling due within one year 1116,3271 1116,3271 1100.5001 NEf CURRENT LIABILITIES 1102.2841 1102,2841 1100,4771 Tot81 assets lesg current liabilities 1.119.705 1,119,705 903.064 CREDITORS Amounts f811ing due after one yeor 11,049,044) 11,049,044) 1898.9731 NEf ASSErs 70,661 70,661 4,091 FUNDS Unrestricted funds 70.661 4.091 TOTAL FUNDS 70,661 4.091 The fin8ncial ststements were approved by the Trusie8s on 25" November 2025. Davld Christopher Nieper OBE Chair Page 7
CHRISTOPHER NIEPER FOUNDATION NOTESTO THE FINANCIALSTATEMENTS FOR THEYEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES Basls of prep8rlng the flnanclal statements The financial statements have been prepared In accordance with the Ch8rity's governing document. the ChBrities Act 2011. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. I"FRS 102" and the Ch8rilies SORP"Accountingand Reporting by Charitie5.' Statement of Recommended Practice applicable to ch8rities preparing their accounts irs accordance with the Fln8ncial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021" leflective 1 January 20191. The Charity is e Public Benefit Entity as defined by FRS 102. The Charlty has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial stalements have departed from the Charities IAccounts and Reports) Regulations 2008 only to the extent required to provide 8 true and fair view. This departure has Involved following the Statement of Recommended Practice for charities applying FRS 102 18ther th8n the version of the Statement ot Recommended Practice which 18 referred to in the Regulations but which has since been withdrawn. The financial ststements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest£. The financial statements have been prepared under the historical cost convention. with the exception of investments which are included at market value, as modified by the revaluation of certain assets. The principal accounting policies adopted are set out below. Golng concern At the time ot approving the financial statements. the Trustees have a reasonable expectalion that the charity has adequate resources to continue in operational existence for the foreseeable future. This the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. P8ge 8
CHRISTOPHER NIEPER FOUNDATION NOTESTOTHE FINANCNLSTATEMENTS FOR THEYEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES {¢ontlnuad) 1.3. Charltable funds Unrestricted funds are available for use 8t the dlscretion of the Trustees in lurtherance of their charitsble objectives. Restricted fund5 are subject to specific conditions by donors or 8r8ntors as to how they may be used. The purposes and uses of ihe restricted funds are set out Sn the note8 to the financial statements. Income Income is recognised when the Charity is legally entitled to it after any perfoimance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified ol the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relBtion to donalions received under Gift Aid or deeds of ovenant is recognised at the time of the donation. Assets fordistribution are recognised onlywhen distributed. Assetsgiven foi use by the Charity are recognised when receivable. Stocks of undisiributed donated goods are not valued for balance sheet purposes. 1.5. Expenditure Expenditure is recognised when there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the tot81 of direct costs and shared costs. including support Costs involved in undertaking each activity. Direct costs gttiibutable to a single activity are allocated directly lo that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to 8 single activity are 8PPOrtioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis ot time spent, and depreciation charges are 811ocated on the portion of the asset's use. 1.6. Taxatlon The foundation is a registered charity and is exempt from taxation. Pag8 9
CHRISTOPHER NIEPER FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOA THEYEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES (¢ontlnuedl Fin8nclal Instruments The foundation only has linancial 8ssets and financial liabilities of 8 kind that qualify as basic financi81 instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at IheSr settlement value with the exception of bank loans which are subsequently measured at 8mortised cost usingihe effective interest meihod. Flxed asset Investments Investments are a form of basic financi81 instrument 8nd are initially recognised at cost and subsequently measured at their fair value as at the balance sheet date using the market value. The Statement of Financial Activities Includes the net gains 8nd losses arising on revaluations throughout the year Crillcal accounling estlmates andjudgements In the application of the Charity's accounting policies, the Trustees are required to make judgements. estimates and assumptions about the carrying amount of assets 2nd liabilities that are not readily apparent from other sources. The estim8tes and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actu81 results may differfrom these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and tuture periods. P8gel0
CHRISTOPHER NIEPER FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2025 2. INCOME FROM DONATIONS AND LEGACIES 2024-25 Unrestiiclod Funds 2023-24 Unfe3tricied Funds Donations and gifts 106.486 29.755 3. INVESTMENT INCOME 2024-25 Unf68trictod Funds 2023-24 Unrestricted Funds Investment incom8 23.524 4. RAISING FUNDS 2024-25 Unrestricied Funds 2023-2a Unrestricted Funds Investmeni management Support costs Inote 71 4.178 238 4.178 5. CHARITABLE ACTIVITIES Grant funding of activities (see note 61 Support costs (see note 71 Total Charitable activities 53,539 39,755 93,294 PaEe11
CHRISTOPHER NIEPER FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 6. GRANTS PAYABLE 2024-25 Unreslricletj Funds 2023-24 Uniesiricted Funds Charitable activities 53,539 23.500 2024-25 Grants payable by actlvlty: Education Community Cohesion 42.000 11,539 53.539 7. SUPPORT COSTS The breakdown ol support costs and howthese were allocated between governanc8 and oiher support costs is shown in the table below.. Other support costs Governance related Total Cost type Statl Costs Consult8ncy Costs and Professional Fees Other Expenditure Independent Examination 13,322 24.093 7.740 13.322 24,093 1.740 600 600 600 39,155 39.755 To allocate support costs to activities. the Charity inilially identifies the costs of ils support function. It then identifies those costs which relate to the governance function. Having identified its governance cost5. the remaining support costs together with the goveinance costs are apportioned between the activities undertaken. P8ge12
CHRISTOPHER NIEPER FOUNDATION NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDEO 31 MARCH 2025 7. SUPPORT COSTS {Continuedl In the year to 31 March 2025, all support costs related directly to supporting the charity's activities and the programme of grant making that was underway, The breakdown of support costs between activities is as follows.. Raising funds Charitable activitieg Total Staff Costs Consultancy Costs and Professional Fees Other Expenditure Govem8nce costs- Independent Examination 13,322 24,093 1,740 600 6.333 30 500 39,755 37.755 8. ANALYSIS OF STAFF COSTS AND TRUSTEES REMUNERATION, BENEFITS AND EXPENSES 2024-25 2023-24 Staff costs: Salaries and wages Social security costs Pension costs 12,934 388 13.322 No employee received emoluments of more than £60,000 during the year12023-24: 011. The monthly average number of staff employed by the charity during the year was 112023-24: 01 9. TRUSTEES REMUNERATION, BENEFITS AND EXPENSES The Trustees all give freely their time and expertise when actinE in their capacity as Trustees without any form of remuneration or other benefit in cash or kind. During the year ended 31 March 2025, one Trustee was paid for consultancy services provided. as set out in note 13. Expenses paid to the Truslees in the year ended 31 March 2024 totallod £nil12023: £nill. Pago13
CHRISTOPHER NIEPER FOUNDATION NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 10. NET INCOMEIIEXPENDITUREI Net income/lexpenditurel is stated alter charging Icredilingi.. 2024-25 Independent Ex8minarion Fee 600 11. FIXED ASSET INVESTMENTS 2024-25 2023-24 Market value at l April Additions D15posals Revaluations 938,141 461.275 1218.3781 34.032 933,573 4,568 Market value at 31 March 1.215,070 938.141 Cash held by Investment Managers 6.919 65.400 Tot81 assets under management at 31 March 1,221,989 1,003.541 Histofical cost of investments at 31 March 1,186,929 998.973 2024.25 2023-24 Quoted investments- UK Quoted investments- Foreign Property Alternative investments Other investment5 Cash Investments 266,717 451.733 59,352 97,471 339,797 6,919 292,238 367,508 23,800 72,193 182,402 65,400 1,221.989 1,003,547 P8ge14
CHRISTOPHEA NIEPER FOUNDATION NOTES TO THE FINAt4CIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12.CREDITORS 2024-25 2023-24 Amounts falling due withln one y¢8r Delerreo Income Accruals 100.000 16,327 100.000 500 116.327 100.500 Amounts falllng after more than one year Deferred income 1.049.Od3 898.973 Included within creditors is £1,149,043 of deferred income, relating lo grant income roceived in advance. This relates to donaiions made In March and September 2024 by David NiopcT Developments Ltd. on behalf ol David Christopher Nieper 08E (Chairl. and invested directly Into securities on behalf ol ihe Chrisiopher Nieper Founoaiion. The Investments are held to provide funding for the Foundation to enable li io meet Ils ch8rilable obiectives lor the coming ten years. The movement can be analysed as follows.. 2024-25 2023-24 Balance bllwd Addirions in the year Released in the year 998,973 250,070 1100.0001 998,973 1, 149,043 998,973 13.ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024-25 2023-24 Unrestrlct8d fund b818nces are represented by: Investments Current Asseis Ll8bilities 1,221.989 14,043 11.165.371> 1,003,541 23 1999,4731 70,661 4,091 Page15
CHRISTOPHER NIEPER FOUNDATION NOTES TO THE FINANCIALSTATEHENTS FOR THE YEAR ENDED 31 MARCH 2025 14. RELATED PARTY TRANSACTIONS During 2024-25. the charity made donalions totalling £21.00012024- £23.0001 to David Niepei Academy, which Is led by Dr Kathryn Hobbs, a Iruslee oi ihe charity. The charity also made donations of £15,00012024'. Énill to The Centre for Social Justice, political think tank led by Andrew Cook. a trustee of the charity. There were no balances due tolfrom The Centro for Social Justice as ai 31 March 202512024: £nill. E15,000 was due to David Nieper Academy as at 31 March 202512024.. £nill. During 2024-25, the charity paid E11.164 to Paul Potts, 8 trustee of the charity. for consultancy services. The charity received operational support free of charge from David Nieper Ltd, a company in which Trustees, David Christopher Nieper OBE and Rev Paul Martin Pritchard, are also Directors. Page16