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2025-03-31-accounts

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

Charity number: 1202540

NATIONAL BACK EXCHANGE

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 - 21

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025

Trustees

Mark Baines Joanne Barker Emma Collins Paul Davis Helen Naylor Mary Anne Muir Sarah Jane Thornton Julie Rachel Hoyles Anthony Denis Walker Valerie Cynthia Phillips Sharon May Rindsland (resigned 15 September 2024) Alison Roper Kerry Kemp Melanie Furness John Fletcher (appointed 15 September 2024)

Charity registered number

1202540

Principal office

Unit 14 The Stottie Shed Baker's Yard Christon Road Gosforth Newcastle upon Tyne NE3 1XD

Secretary

Joanne Barker (appointed 17 September 2023)

Accountants

Kinnair Associates Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB

Bankers

Lloyds Bank Plc 98 Victoria Street London SW1E 5JL

Page 1

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report together with the financial statements of the Charity for the 1 April 2024 to 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and comply with the charity’s governing document, the Charities Act 2011 and the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Objectives and activities

Policies and objectives

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

The objectives of the National Back Exchange (NBE) are to preserve and protect good musculoskeletal health for the public benefit by providing such support as the Trustees deem appropriate for all people across the health, social care, educational systems and private industry who are concerned with the moving and handling of people and loads in order to protect their musculoskeletal health, in particular but not exclusively by promoting good practice in the moving and handling of people and loads.

Strategies for achieving objectives

NBE’s strategies are comprehensive and multifaceted, designed to support its objectives of promoting safe, effective and efficient moving and handling practices, supporting its members, and advancing the use of evidence-based best practices. By focusing on member engagement, education, advocacy, ethical practices, and continuous improvement, NBE ensures that it remains a leading organization in its field, effectively contributing to the safety and well-being of professionals and the people they serve.

Activities undertaken to achieve objectives

NBE is committed to advancing the field of moving and handling by promoting evidence-based practices and fostering knowledge exchange among professionals. Activities focus on supporting the professional community, promoting best practices, and enhancing the safety and well-being of practitioners, individuals, and the wider health and care system. Main activities undertaken by NBE to achieve these goals are:

Page 2

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Objectives and activities (continued)

Main activities undertaken to further the Charity's purposes for the public benefit

The National Back Exchange (NBE) furthers its charitable purposes for public benefit by promoting safe and effective moving and handling practices through education, research, and advocacy. Key activities include providing ongoing support and resources to members, hosting an annual conference to share evidence-based practices, publishing academic journals and newsletters, delivering educational webinars, and developing materials that enhance knowledge and skills in the health and care sectors. These efforts aim to improve safety, health, and well-being across all sectors within the health and care system and all individuals who require moving and handling assistance and support.

Achievements and performance

Main achievements of the Charity

The National Back Exchange (NBE) has made significant achievements, including increasing its membership base and enhancing member engagement through various initiatives. It successfully hosted a well-attended annual conference, further solidifying its reputation as a leader in safe moving and handling practices. NBE has also strengthened its financial position, ensuring sustainability for future endeavours. Additionally, NBE has built a skilled and diverse Board of Trustees, contributing to robust governance, and has developed a strong relationship with the Associations Management Team to enhance operational efficiency and strategic growth.

Review of activities

NBE has effectively executed its activities over the past year, demonstrating significant progress and an upward trajectory in membership growth, member engagement, and financial stability. Moving forward, NBE is committed to further developing and enhancing its programs and initiatives to continue advancing safe moving and handling practices within the health and care sectors.

Financial review

Financial overview

In the year ended 31st March 2025 we have continued to achieve a positive income over expenditure position.

This has again been achieved by:

This year has seen a one off increase in membership income because, with effect from 2025, membership income is recognised in the year of receipt of membership income.

New revenue steams from 2024 have again contributed to income growth:

Page 3

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The Board will manage strategies aimed at maintaining and increasing sales, such as targeting marketing, targeting sales and applying required updates and edits with re-prints where appropriate.

For 25/26 NBE will:

Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

Reserves policy

NBE must retain a capital reserve on deposit of 12 months operating funds (£80,000). Authorisation to change this threshold and utilise reserves must have the approval of the Board of Charity Trustees. The current account balance should not fall below £15,000. A running cashflow management working document will be maintained and submitted monthly to the Finance Director to manage this. In addition, the current account will not be in credit to the detriment of return on capital.

Structure, governance and management

Constitution

National Back Exchange (NBE) is a Charitable Incorporated Organisation (CIO) registered in England and Wales with the Charity Commission on 29 March 2023 with registration number 1202540. Its governing document is its constitution, adopted on 29 March 2023.

Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

Organisational structure and decision-making policies

NBE is governed by a skilled and diverse Board of Trustees responsible for strategic decision-making and overall direction. NBE operates with a clear structure that includes directorates and working groups to address specific areas of focus. Decision-making policies are designed to be transparent and inclusive, ensuring input from members and stakeholders to guide the charity’s activities and objectives effectively.

Financial risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Page 4

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Plans for future periods

NBE plans to continue expanding its educational programs, increasing member engagement, and developing partnerships within the health and care sectors. Future initiatives will focus on developing new resources, enhancing the annual conference, and leveraging digital platforms to reach a wider audience. NBE is also committed to strengthening its financial position and governance to ensure long-term sustainability and impact.

Statement of Trustees' responsibilities

The Trustees 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).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 4 September 2025 and signed on their behalf by:

Sarah Jane Thornton

Page 5

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025

Independent Examiner's Report to the Trustees of National Back Exchange ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2025.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Your attention is drawn to the fact that the Charity has prepared the accounts 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 (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

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 that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

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

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Dated: 5 September 2025 Detlev Anderson FCA

Kinnair Associates Limited

Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB

Page 6

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
29,579
115,805
882
233
146,499
73,982
73,982
72,517
94,209
72,517
166,726		 Total
funds
2025
£
29,579
115,805
882
233
146,499
73,982
73,982
72,517
94,209
72,517
166,726		 Total
funds
2024
£
92,570
79,514
1,046
116
173,246
79,037
79,037
94,209
-
94,209
94,209

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 9 to 21 form part of these financial statements.

Page 7

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

BALANCE SHEET AS AT 31 MARCH 2025

Note
Fixed assets
Investments
11
Current assets
Stocks
12
Debtors
13
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
14
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
16
Unrestricted funds
16
Total funds		 8,578
43,687
143,894
196,159
(29,434)		 2025
£
1
1
166,725
166,726
166,726
166,726
-
166,726
166,726		 9,725
47,233
99,112
156,070
(61,862)		 2024
£
1
1
94,208
94,209
94,209
94,209
-
94,209
94,209

The financial statements were approved and authorised for issue by the Trustees on 04 September 2025 and signed on their behalf by:

Sarah Jane Thornton

Anthony Denis Walker

The notes on pages 9 to 21 form part of these financial statements.

Page 8

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. General information

National Back Exchange (NBE) is a charitable incorporated organisation, charity number 1202540. The registered office is Unit 14, The Stottie Shed, Baker's Yard, Christon Road, Newcastle upon Tyne, NE3 1XD.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

National Back Exchange meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

These financial statements are in respect of the Charity only. The Charity is not required to prepare group accounts as the group headed by it is a small group.

The financial statements are presented in pounds Sterling and rounded to the nearest pound.

2.2 Going concern

The charity has cash resources and no requirement for external funding. The Trustees have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting is appropriate in preparing the annual financial statements.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Membership income is recognised in full in the year of receipt.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 9

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.4 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 of the obligation can be measured reliably. Expenditure is classified by activity. 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 allocated directly to that activity.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

Investments in subsidiaries are valued at cost less provision for impairment.

2.7 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Page 10

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

2. Accounting policies (continued)

2.11 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Unrestricted Total
funds funds
2025 2025
£ £
Donations 29,579 29,579

The donations represent Gift Aid donations from the Charity's 100% owned subsidiary NBE Trading Limited.

Unrestricted Total
funds funds
2024 2024
£ £
Donations 92,570 92,570

The donations received in 2024 represent net assets gifted from National Back Exchange (previous unincorporated charity).

4. Income from charitable activities

Unrestricted Total
funds funds
2025 2025
£ £
Income from charitable activities 115,805 115,805

Page 11

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

4. Income from charitable activities (continued)

Unrestricted
funds
2024
£
Income from charitable activities
79,514
.
Income from charitable activities
2025
£
Membership fees
101,399
Sales of publications
10,328
Advertising
3,128
Sponsorship
950
115,805
5.
Investment income
Unrestricted
funds
2025
£
Bank interest received
882
Unrestricted
funds
2024
£
Investment income - local cash
1,046		 Total
funds
2024
£
79,514
2024
£
59,500
11,435
5,704
2,875
79,514
Total
funds
2025
£
882
Total
funds
2024
£
1,046

Page 12

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

6. Other incoming resources

Unrestricted
funds
2025
£
Other income
233
Unrestricted
funds
2024
£
Other incoming resources
116		 Total
funds
2025
£
233
Total
funds
2024
£
116

7. Analysis of expenditure on charitable activities Summary by fund type

Unrestricted
funds
2025
£
Direct costs - Activities
73,982
Unrestricted
funds
2024
£
Direct costs - Activities
79,037		 Total
2025
£
73,982
Total
2024
£
79,037

Page 13

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Analysis of expenditure by activities

Direct costs - Activities
Direct costs - Activities
Analysis of direct costs
Cost of publications
Production of column digital
Membership website operation costs
Occupational Therapy Show
Other direct costs		 Activities
undertaken
directly
2025
£
38,210
Activities
undertaken
directly
2024
£
37,912		 Support
costs
2025
£
35,772
Support
costs
2024
£
41,125
Activities
2025
£
3,900
24,102
2,418
4,206
3,584
38,210		 Total
funds
2025
£
73,982
Total
funds
2024
£
79,037
Total
funds
2025
£
3,900
24,102
2,418
4,206
3,584
38,210

Page 14

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Analysis of expenditure by activities (continued)

Analysis of direct costs (continued)

Cost of publications
Production of Column digital
Membership website operation costs
Occupational Therapy Show
Other direct costs		 Activities
2024
£
4,019
25,053
2,989
3,977
1,874
37,912		 Total
funds
2024
£
4,019
25,053
2,989
3,977
1,874
37,912

Analysis of support costs

Back office support fees
IT costs
Subscriptions
Insurance
Bank charges
Board meeting costs
Postage and carriage
Governance costs
Intercompany recharges
Sundry expenses		 Activities
2025
£
49,123
1,852
1,271
1,304
1,145
2,878
11
2,700
(24,561)
49
35,772		 Total
funds
2025
£
49,123
1,852
1,271
1,304
1,145
2,878
11
2,700
(24,561)
49
35,772

Governance costs above comprise fees payable to the charity's independent examiner for the preparation and independent examination of the charity's annual accounts.

Page 15

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

8. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Back Office Support Fees
IT costs
Subscriptions
Insurance
Bank charges
Board meeting costs
Disallowed VAT
Bad debts
Postage and carriage
Governance costs
Intercompany recharges
9.
Independent examiner's remuneration
Fees payable to the Charity's independent examiner for the preparation
and independent examination of the Charity's annual accounts		 Activities
2024
£
47,410
1,147
1,127
564
2,460
1,778
7,569
206
24
2,545
(23,705)
41,125
2025
£
2,700		 Total
funds
2024
£
47,410
1,147
1,127
564
2,460
1,778
7,569
206
24
2,545
(23,705)
41,125
2024
£
2,500

10. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 March 2025, expenses totalling £ 711 were reimbursed or paid directly to 4 Trustees (2024 - £1,325 relating to 3 Trustees). These related to travel, refreshments and board meeting expenses.

Page 16

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

11.
Fixed asset investments
Cost or valuation
Additions
At 31 March 2025
Net book value
At 31 March 2025
12.
Stocks
Stocks of publications
13.
Debtors
Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 2025
£
8,578
2025
£
3,084
30,194
4,683
5,726
43,687		 Investments
in
subsidiary
companies
£
1
1
1
2024
£
9,725
2024
£
-
26,057
16,300
4,876
47,233

Page 17

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

14. Creditors: Amounts falling due within one year

Trade creditors
Other creditors
Accruals and deferred income
Financial instruments
Financial assets
Financial assets measured at fair value through income and expenditure		 2025
£
5,353
2,215
21,866
29,434
2025
£
143,894		 2024
£
7,132
3,065
51,665
61,862
2024
£
99,112

15. Financial instruments

Financial assets measured at fair value through income and expenditure comprise bank balances.

16. Statement of funds

Statement of funds - current year

Balance at
Balance at 1 31 March
April 2024 Income Expenditure 2025
£ £ £ £
Unrestricted funds
Reserves 94,209 146,499 (73,982) 166,726

Page 18

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

16. Statement of funds (continued)

Statement of funds - prior year

Balance at
31 March
Income Expenditure 2024
£ £ £
Unrestricted funds
General Funds 173,246 (79,037) 94,209

17. Summary of funds

Summary of funds - current year

Balance at 1
April 2024
£
General funds
94,209
Summary of funds - prior year
General funds		 Income
£
Expenditure
£
146,499
(73,982)
Income
£
Expenditure
£
173,246
(79,037)		 Balance at
31 March
2025
£
166,726
Balance at
31 March
2024
£
94,209

Page 19

Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

18. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Fixed asset investments
1
Current assets
196,159
Creditors due within one year
(29,434)
Total
166,726
Analysis of net assets between funds - prior year
Unrestricted
funds
2024
£
Fixed asset investments
1
Current assets
156,070
Creditors due within one year
(61,862)
Total
94,209		 Total
funds
2025
£
1
196,159
(29,434)
166,726
Total
funds
2024
£
1
156,070
(61,862)
94,209

19. Related party transactions

During the year intercompany recharges of £24,561 (2024 - £23,705) together with a Gift Aid donation of £29,579 (2024 - £Nil) were received from NBE Trading Limited, a wholly owned subsidiary National Back Exchange. An amount of £30,194 (2024: £26,057) was owed by NBE Trading Limited at the year end.

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Docusign Envelope ID: 02216794-80E3-4255-97A9-6285F34BFD40

NATIONAL BACK EXCHANGE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

20. Principal subsidiaries

The following was a subsidiary undertaking of the Charity:

Name Company Registered office or principal Principal activity number place of business NBE Trading Limited 14776983 Unit 14 The Stottie Shed, To organise and run Baker's Yard, Christon Road, the National Back Gosforth, Newcastle upon Tyne, Exchange’s annual NE3 1XD. conference. Class of Holding Included in shares consolidation Ordinary 100% Yes

The financial results of the subsidiary for the year were:

Name Income Expenditure Profit for Net assets
£ £ the period £
£
NBE Trading Limited 343,451 335,549 7,902 7,903

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