Charity reglstratlon number 121)0543 Company registr10 numb¢r 14327887 (England and Wales) NIGHT SKY FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
NIGHT SKY FOUNDATION LEGAL AND ADMINisfRATIVE INFORMATION TRUSTEES Doctor A G Gunn Mr C Johnston Mr A C M Weekes CHARITY NUMBER 1200543 COMPANY NUMBÉR 14327887 REGISTERED OFFICE Unit 8 Rubery House The Avenuè Rubery Birmingham West Midlands B45 9AL INDEPENDENT EXAMINER JW kllnk5 LLP Charterèd Accountsnts 19 Highlield Road Edgbaslon Birmingham B15 3BH BANKERS Coutt5 & Co 440 Strand London WC2R OQS
NIGHT SKY FOUNDATION CONTENTS PAGE Trustees report Independent examiner's report Statement of financial activitie5 Balance Sheet Notes to the financial statements 6- 11
NIGHT SKY FOUNDATION TRUSTEES REPORT {INCLUDING DIREcfoRS' REPORTI FOR THE YEAR ENDED 31 MARCH 2024 The trustee5 present their annual report and financial statements lor the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity'5 Igoveming documentl, the Companies Aa 2006 and "Accounting and Reporting by Charities.. Statement of R0MMended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. leflective 1 January 20191. OBJEcfivES AND ACTIVITIES To advance such charitable purpose5 for the public bènefit as the trustees see lit from time to time, In particular, but not limited to advancing education by making grants and stjpplying and giving access to technology lo support the provision of and access to education. Public benefit The trustees have paid due regard to guidance issued by the Charity Commissiori in deciding what activities the charity should undertake. ACHIEVEMENTS AND PERFORMANCE Significqnt activities and ochievtrnents ogGin5t objectlves During the period the Trustees have continued to receive income and make charitsble donations to a variety of cause5. Undistributed funds are held lor projects currently under consideration by the Trustee5. FINANCIAL REVIEW The Statement ol Financial Activitie5 for the period ended 31 March 2024 shows incoming resources itstaling £66,376 and resources expended of £68,823. The delicil in reserves of the charity at the 31 March 2024 was £657. The current level ol funding is adequate to support the continuation ol the Charity's existing activities. Reserves policy It is the policy ol the charity that unrestricted funds which have not been designated lor a spKilic use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reseNes at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may bè raised. This level of re5Erves has been mJintsined throughout the year. The trustees h3vÈ assessea ine majur riSKS Iv wiiiii) tTIV jllo1.lty li rAVU•C mitigate exposure to the major risks. arc fi:d +k2 3r• In nlArr t srRUCTURE, GOVERNANCE AND MANAGEMENT The charity 15 a company limited by guarantee and does not have a share capital, the extent of the liability of each member on winding up is limited to £1. The charity is controlled by its goveming documents and crjnstitutes a company litllited by guarantee a5 defined by the Cofflpanies Act 2006, The trustees, who are also the directors for the purpose of company law, and who served durin9 the year and up to the date of signatuie of the finanaal statements were.. Dortor A G Gunn Mr C Johnston MrA C M Weeke5
NIGHT SKY FOUNDATION TRUSTEE5 REPORT (INCLUDING DIREcfoRS' REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Recrnitment ond t7ppointment of trustee5 Trusteès are recruited as a need arise& Trustees will served for a term of three years and then will be able to hold themselves for re-election after this period. None of the trustees has any beneficial interest in the company. All of the trustees are member5 of the company and £on5equently guarantee to contribute £1 in the event ol a winding up. The charlty is a 51ngle organisation. The truslees report was approved by the Board of Trustees. MrA C M Weeke5 TRUSTEES 12 November 2024
NIGHT SKY FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NIGHT SKY FOUNDATION I report to the trustees on my examination of the financial statements of Night Sky Foundation (the charity) lor the year ended 31 March 2024. RESPONSIBILITIES AND BASIS OF REPORT As the trustees of the charity land also its directors for the purposes of company lawl you are responsible for the preparation ol the financial ststements in accordance with the requirements ol the Companies Act 2006 Ithe 2006 Act). Having satisfied myself that the financial ststements ol the chaiity 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 the charity'5 financial 5taternents carried out under section 145 of the Charities Act 2011 (the 2011 Actl In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 1451Sllbl of the 2011 Act. INDEPENOENT EXAMINER'S STATEMENT I have completed my examination. I confirm that no matters have corne to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were n¢t kept in respect ol the charity as required by section 386 01 the 2006 Ac(. or the financial statements do noi accord with those records., or the financial statement5 do nol comply with the accounting requirements of section 396 of the 2006 Act other ihan any requirement that the ac¢ounts give a true and fair view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accoidance with the methods and principles ol the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reportin9 Stsndard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in thi5 report in ordei to Ènable a proper understanding of the financial statemenis to be reached. arcus l Rose FCA CTA JW Hinks LLP Chartered Accounianls 19 Highlield Road Edgbaston Birmingham B15 3BH Dated.. 12 November 2024
NIGHT SKY FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENOITUREACCOVNT FOR THE YEAR ENDED 31 MARCH 2024 Unr•stricted nds Z024 Unrestii¢tsd filnds 2023 Notos INCOME FROM: Donations and legacies Investments 66.376 47,367 TOTAL INCOME 66.378 47.37S EXPENDITURE ON: Charitable activities 68.823 45,587 TOTAL EXPENDITURE 68.823 45,587 NET INCOMVIEXPENDITVREI AND MOVEMENT IN FUNDS (2.445) 1,788 RECONCILIATION OF FUNDS: Fund balance5 at 1 April 2023 1.788 FUND BALANCES AT 31 MARCH 2024 {657) 1,788 The statement of financial activities includes all gains and losses recognised in the year. All income and eXpendtUre derive from continuing activities.
NIGHT SKY FOUNDATION BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note5 CURRENT ASSErs Cash at bank and in hand 3.288 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 10 (1,5001 11.5001 NET CURRENT (LIABILITIESIJASSETS 16571 1,788 THE FUNDS OF THE CHARITY Unrestricted funds 11 1657) 1,786 1657) 1,788 The company is entitled tc* the exemption from the audit requirement contained in section 477 of the Companies Act 2¢)06, for the year ended 31 March 2024. The diTtOrS acknowlge their responsibilities for complyin9 Wlth the requirèmènts of the Companies Act 2006 with respect to accounting rKords and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have beèn prepared in accordance with the provisions applicable to companies subject to the small Companies regime. The lina talements were approved by the trustees on 12 November 2024 MrA C M Weekes TRUSTEES Company registration number 14327887 (England and Wales)
NIGHT SKY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES CHARITY INFORMATION Night Sky Fovndation is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit B Rubery House, The AvenuÈ, Rubery, 8irmingham, West Midlands, B45 9AL. 1.1 REPORTING PERIOD FRS 102 3.1 O An entity shall present a complete set of financial staterllents lincluding comparative inlom)ation as set out in paragraph 3.141 at least annually. When the end ol an entity's reporting period changes and the annual financial statements are presented for a period longer or shorter than one year, the entity shall disclose the following.. (al that laci Ibl the reason lor using a longer or shorter period,. and Icl the lact that comparative arnounts Presented in the financial statements (including the lated notes) are not entirely comparable. The accounting period for ihe entity is from the l April 2023 to the 31 March 2024. 1.2 ACCOUNTING CONVENTION The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland I'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Statement ol Recommendèd Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021. (effective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage ol the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The f1nancial staternents are prepared in stetlin9, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the neares1 £. The financial statements have been prepared under the historical cost convention, Imodifi&d to indude the revaluation of freehold properties and to include investment properties and certain financial instruments at lair valuel. The principal accounting policies adopted are set out below. IJ GOING CONCERN At the tirne ol approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence lor the foreseeable futu. Thus the trustee5 continue to adopt the going concern basis of accounting in Pparing the financial statements. 1A CHARITABLE FUNDS Unrestricted funds are available for use at the discretion of the trustees in furtherance ol their charitable objectives. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted fund5 a set out in the note5 to the financial statements. Endowment lund5 are Subject to specific conditions by donors that the capital must be maintained by the charity. 1.5 INCOME Income 15 recognised when the charity is legally entitled to it after any perfomance conditions have been meL the amounts can be measured reliably, and it Is probable that income will be Ceived. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notihed of the donation, unless performance conditions require deferral ol the amount. Income tax recovernble in relation to donations received under Gift Aid or deeds ol covenant is recognised at the time of the donation.
NIGHT SKY FOUNDAfioN NOTES TO THE FINANCIAL sfATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (Continued) Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not knowrn the legacy is treated as a contingent asset. 1.6 EXPENDITURE Expenditure is recognised once 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 ol the obligation can be measured reliably. Expenditure is classified by actimty. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allotated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consient with the use of resources. Central staff costs are allocated on the basis ol time spent, and depreciation charges a allocated on the portion ol the asset's use. 1.7 CASH AND CASH EQUIVALENTS Cash and cash equivalenis include cash in hand, deposits held at call with banks, other short-term liquid investments with oiiginal maturities of three months or less, and bank overdrafts. Bank overdraft5 are shown within borrowings in Bas1¢ fimin¢io1 assets 8asic tinancial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transa£tion, where thè transaction is measured at the present valuè ol the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Boslc fvlonclvl Ilabllltles Basic linancial liabilities, including crèditors and bank loans a initially recggni5ed at transaction price unless the arrangement coristitutes a financing transaction, where the debt instrument is measured at the present value ol the future payments discounted at a market rate ol interest Financial liabilities classilied as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective interest rate method. Trade creditor5 are obligations to pay lol good5 vi seiviies that hjve beon acquired in the ordinary rniirsp nf operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less 11 noL they bre presented as non-current liabilities. Tra(Je creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest meihod. Der•¢ognitlon of flnanclal Ilobllltle5 Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.
NIGHT SKY FOUNDATION NOTE5 TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM DONATIONS AND LEGACIES Unrestricted funds 2024 Donations 66.376 INCOME FROM INVESTMENTS Unrestrlct•d fund$ 2024 Interest receivable ÉXPENDITURE ON CHARITABLE AcnviTIES Expendltur• Exp•ndStur• 2024 2023 DIRECT COSTS Grant funding of activities (see note 51 66.631 40,467 SHARE OF SUPPORT AND GOVERNANCE COSTS (SEE NOTE 6) Support Governance 692 204 4,916 1.500 823 45,587 ANAIYSIS BY FUND Unrestricted funds 68.823 45,587
NIGHT SKY FOUNDATION NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 GRANTS PAYABLE Exp•nditur• 2024 Expendilur• 2023 Grants to in5titution& Bristol Association for Neighbourhood Daycare Make Them Smile Lightyear Foundation Microphtalmia, Anophthalmiè & Coloboma Support Able Kid2 The Turing Trust Flamingo Chick5 Spectrum Days Crackerjacks Childrens Trust The John E99ing Trust 1,046 2,596 3,740 8,056 2,029 20,000 3,000 20.835 9.911 20.IX)O 5.120 1.900 8.86S 66.631 40,467 SUPPORT COSTS ALLOCATED TO ACTIVITIES Exp•ndltur• 20Z4 Expendlture 2023 Insurance Bank charges Sundry expenses Governance 96 489 29 140 35 4,916 107 1.500 2.192 5,120 2024 2023 GOVERNANCE COSTS COMPRISE: Legal and professional Accountancy 3,416 1,500 1.500 1.500 4,916
NIGHT SKY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES None of the trustees lor ony persons connected with them) received any remunerati¢)n or benefits from the charity during the year. EMPLOYEES The average nv)nthly number of employees during the year was.. Z024 Number 2023 Number There were no employees whose annual remuneration was more than £60,000. TAXATION The charity is exempt from taxation on its activities because all its income is applied for charitsble purptrses. 10 CREDITOR5: AMOUNT5 FALLING DVE WITHIN ONE YEAR 2024 2023 Accruals and deferred income 1.500 1.500 11 UNRESTRICTED FUNDS The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors 8$ lo how they may be used. These include designated funds which have been set aside out ol unreslricted funds by the trustees lor Sp111( pvrpose5. At 1 Aprll 2023 Incomlng Resources At 31 Marfh •xp•nded 2024 General funds 1.788 66,378 168.823) {6571 PREVIOUS PERIOD: At 1 Aprll 2022 Incomlng re50uices Rtsourc•s expend Al 31 Mavch 2023 General funds 47,375 145,5871 1,788 10-
NIGHT SKY FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 12 RELATED PARTY TRANSAcnoNS TRANSACTIONS WITH RELATED PARTIES During the period the charity ented into the following iransactlon with related parties.. ICANDI APPS UMITeo In the period the CoMnY received donations ot £66,376 (Mr A C M Weekes is a direaor and sharehdder of icandi Apps Limited). At the 31 March 2024 no amounts were outstanding between the related partie& 11