Registered number. 0181731)4
Charity number: 516799
The Natlonal Stone Centre
Trustees, report and financial statements
For the year ended 31 December 2023
rfJDAINS
ACCOUNTANT5

The Natlonal Stone Centre
(A company limited by guarantee)
Contents
Page
Reference and admlnistratlve details of the Company, Its Trustees and advisers
Trustees, report
Trustees. responslbllitles statement
Independent examiner's report
Statement of financlal activitles
9-10
Balance sheet
12-13
Notes to the flnancial statements
14-31

The National Stone Centre
(A company limited by guarantee)
Reference and administratlve details of the Company* its Trustees and advisers
For the year ended 31 December 2023
Trustees
D A Bagshaw
H K Bailey
P Greaves
P F Jones
J B Riding
V G Russell
B M Uphill
B C Williams
P F Cottrell
S J Burtonshaw (appointed 17 July 2023)
C J Herbert (appointed 17 Juty 2023)
A Meadows (appointed 17 July 2023)
A S Russell (appointed 17 July 2023)
L Saunders (appointed 17 July 2023)
R P Shaw (appointed 17 July 2023}
L M Willies (appointed 17 July 2023)
R E Allington (resigned 30 November 2023)
T J Corcoran (resigned 17 July 20231
M R Dobson (resigned 17 July 2023)
P Williamson (resigned 10 March 20231
M K Riley (resigned 17 July 2023)
Company reglstered
number
01817304
Charlty registered
number
516799
Registered office
Porter Lane
Wirksworth
Matlock
Derbyshire
DE4 4LS
Company secretary
J E Thome
Accountants
Dains Audit Limited
2 Etwria Office Village
Forge Lane
Stoke on Trent
Staffordshire
ST15RQ
Solicitors
Howes Percival LLP
3 The Osiers Business Centre
Leicester
LE191DX
Page 1

The National Stone Centre
(A company limited by guarantee}
Trustees. report
For the year ended 31 December 2023
The Trustees present their annual ￿port together with the financial statements of the Company for the year 1
January 2023 to 31 December 2023. The Annual ￿pOrt serves the purposes of both a Trustees, report and a
diredors, report under company law. The Trustees confirm that the Annual report and financial statements of the
charitable company comply with the Current statutory requirements, the requirements of the charrtable ¢ompany's
governing document and the provisions of the Statement of Recommended Practice {SORP) applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland {FRS102) {eff￿t1ve 1 January 2019}.
Since the Company qualifies as small under section 382 01 the Companies Act 2008, the Strategic report
required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors,
Report) Regulalions 2013 has been omitted
Page 2

The National Stone Centre
(A company limited by guarantee)
Trustees, report (continued)
For the year ended 31 December 2023
Objectives and activities
bjec
The National Stone Ceiitre is an
educational charity that seeks
to engage and inform about
the Importance and history of
Stone and its allied industries.
Durins
2023,
work has
continued to develo
the
centre of excellence at t
alisnins the minerals indust
standards and professiona
development with the .publit
engagement and education on
the past, present and future.
Significantly
plannins
permission was siven for the
new
proposed
centro
excellence and work began to
develop the project and source
fundins for the new buildins
with stratesic partners.
As
art of the stiate8ic
deve
opment the Articles of
Association <or tlie NSC were
revised with members from
the Peak District Minin
Museum Joining the NS
Trustees
to
su
ort the
alisnment and re
ocation of
the Museum to the NSC slte.
The
roject will en
age people
of a
es across I
e count
both airectly and thTOU&
social media and our work Is
receivin6 widespread Industry
recognition.
Wherever posslble, we have
ened the site to visitors so
ey can see foi themselves
the work that is goin£ on to
preserve tlie slto for future
senerations. Ouf offering of
Stone related heritage craft
reserve
the tradrtional skills
key to the local area both past
and present.
We continue to make steady
progress
towards
educational goals that we set
out when acquiring the site
earlier in the
ear and a
renewed focus IS
eing applied
to work with educational
groups to fomi a practical part
of the curriculum.
Our mission is to keep the site
open, for visitors today and for
future senerations. In h.mes of
chan8e and uncÈrtainty, that IS
more important than ever.
Page 3

The Natlonal Stone Centre
(A company limited by guarantee)
Trustees. report {contlnued)
For the year ended 31 December 2023
Achievements and performance
Activities
The Centre has plan5 to deliver a
hIgh￿uality
ttraction
thousands of visitors to attend
annually to learn about the story
of stone.
Daily, the centre
attracts
hundreds
visitors
for
outdoor activities such as
walking, biking and geology
themed visits. We will continue
to work to maintain a safe site
of both historic and scientifi
interest that can be enjoyed by
everyofle.
With the SSS"l accredited slte
being nestled on the edge of the
Peak District, the local area
benefits
fvorn
many
other
organi5ation's who
seek to
preserwe the natural history and
heritaKe of the area and the
Nation41 Stone Centre 15 CXC¥ted
to collaborate where p055ible
with
many
similar
organi5ations as we can.
We have been working ivith local
CDfflmunity groups, businesse5
and educattonal In5tit4rtion5 to
deliver edutational eng￿geMent
loF all ages.
The piojeit has received lunding
llcm
the
Derbyghire
En¥iFonmental Trust supporting
the purchase of new solar pane15
for the Cafe and visitor centre
alongside new rechargeable tools
foi site maintenonce.
Futur£ Plans
The tentre will be further
developed throughout 2024 to
make progress on the key
themes that underpin the
ienter's lon6-term stratesy
which are
k Edu￿te
complimeritins
National
stone
centre
actwvities to establish
knowled5e
centre
excellence for the Industry.
Engage
A fot81 point for
engasing the public, schoo15
and colleges in the scSence.
history, present and future
of the Industry
Inspire
Inspiiing the next
generation of niinerals and
stone production industry
piofessioiials
The Longcliffe Group5 generous
donatlon ol £IOO,OOQ over flve
years enBbled the Centre to
upgrade
and deyelop
its
exhlbition and learning faclllties
foT visrtQT'S and schools.
Page 4

The National Stone Centre
IA company limited by guarantee)
Trustees. report (continued)
For the year ended 31 December 2023
Financlal Review
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate
resources lo 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
The total funds held at 31 December 2023 were £220,43712022'. £265,930), £210,359 of this was unrestricted
12022.. £253,807).
Cash and bank in hand at 31 December 2023 was £16,370 (2022.. £28,892), £16,370 of this was unrestricted
12022.. £28,892).
The Trustees believe the present level of ftjnding is adequate to support the continuation of the charity.
Page S

The National Stone Centre
(A company limited by guarantee)
Trustees. report (continued)
For the year ended 31 December 2023
Structure. fjovernance
& Management
The NSC is soverned by its
Board of Trustees who set the
strategic direction of the
organisation
and
have
oversisht of the operational
actlVTtie5.
The day to day opefatlons are
undertaken by employees of
the NSC, the IQ and volunteers.
In 2023 we created over 15,000
hours of paid employment and
over 10,000 hours ol voluntarv
woTk was (ompleted by the
local community.
The focus for the coming yeai
will lje to increase the local
employment opportunitles on
offer at the centre and to
widen the volunteer roles on
offer to attract new volunteers.
We will continue to as515t the
industry with its important
work on the Minerals Matter
prosramme
of
providin6
resoufces for youns people and
adults thinkins about their
career options.
4ATTER
Page 6

The National Stone Centro
(A company Ilmlted by guaranteel
Trustees, report {¢ontlnued)
For the year ended 31 December 2023
Approved by order of the members of the board of Trustees and signed on their behalf by:
B C Wllllams
Trustee
Date.
Page 7

The Natlonal Stone Centre
(A company Ilmlted by guarantee>
Statement of Trustees. responsibilltles
For the year ended 31 December 2023
The Trustees (who are also the diredors of the Company for the purposes of company law) are responsible for
preparing the Trustees, report and the financial statements in 8¢cordance with applicable law and United
Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year, Under company law,
the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair
view of the state of affairs of the Company and of its incoming resources and application of resources, including
ils income and expenditure, for that period. In preparing these financial statements. the Truslees are required to-
select suitable accounting policies and then apply them consistently.,
obseNe the methods and principles of the Chartties SORP (FRS 102).,
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
Company will continue in business.
The Trustees are responsible for keeping adequate accounting records Ihat are sufficient to show and explain
the Company's transactions and disclose wth reasonable accuracy at any time the financial position of the
Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Compsny and hence for taking reasonable sleps for the
prevention and detection of fraud and other irregularities.
Approved by order of the members of Ihe board of Trustees and signed on its behalf by:
B C Williams
Trustee
Date..
Fc gaY<zric4Ket Lb VP
Page 8

The National Stone Centre
(A company limited by guarantee)
Indépendent examinerfs report
For the year ended 31 December 2023
Independent examinerfs report to the Trustees of The National Stone Centre {'the Company.)
I report to the charity Trustees on my examination of the accounts of the Cornpany for the year ended 31
December 2023.
Responsibllitles and basis of report
As the Trustees of the Company {and 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 20061'the 2006 Act,).
Having satisfied rnyse￿ 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 the Company's
accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination
I have followed the Diredions given by the Charity Commission under section 14515)Ib) of the 2011 Act.
Independent examiner's statement
I have completed my examination. l confirm that no matters have come lo my attention in connection with the
examination giving me cause to believe..
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act,,
or
the accounts do not accord wtth those records. or
the accounts do not comply with the acccunling requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of
an independent examination. or
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 charlties preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 102)].
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 pr¢per understanding of the accounts to be reached.
Page 9

The National Stone Centre
(A company limited by guarantee)
Independent examiner's report (continued)
For the year ended 31 December 2023
This report is made solely to the Companls Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports} Regulations 2008. My work has been undertaken so Ihat I might state to the Company'8
Trustees those matters l am required lo slate 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 responsibilty to anyone other Ihan the
Company and the Company's Truslees as a body, for my work or for this report.
Signed: &
Dated..
Simon Hawkins FCA
Dains Audtt Limited
Suite 2, Albion House
2 Etruria Office Village
Forge Lane
Etruria
Sloke on Trent
ST1 5RQ
Page 10

The National Stone Centre
(A company limited by guarantee)
Statement of financial activfties (incorporating income and expenditure account)
For the year ended 31 December 2023
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Total
funds
2022
Note
Income from:
Donations and legacies
Charitable activities
Other trading acttvities
Other income
16,192
22,764
7,000
342
426
16.618
22.764
7,000
342
50,468
16,881
18,334
1,499
Total income
46,298
426
46,724
87.182
Expendrture on:
Raising funds
Charitsble activtties
6.945
82.801
2.045
426
8,990
83,227
10,300
99,992
Total expenditure
89,746
2.471
92,217
110.292
Net expenditure
(43,448)
12,045)
{45,493)
{23.110)
Net movement in funds
143,4481
(2,045)
{45,493)
{23,110)
Reconciliation of funds:
Total funds brought forward
Net movement in funds
253,807
(43,4481
12,123
(2,045)
265,930
145,493)
289,040
123,110)
Total funds carried forward
210.359
10,078
220,437
265,930
The Statement of financial activrties includes all gains and losses recognised in the year.
The notes on pages 14 to 31 form part of these financial statements.
Page11

The National Stone Centre
(A company limtted by guaranteel
Balance sheet
AS at 31 December 2023
2023
2022
Note
Fixed assets
Tangible assets
Investments
13
14
251.590
224,634
251,591
224,635
Current assets
Deblors
Cash at bank and in hand
15
8,468
16,370
54,005
28,892
24,838
82,897
Creditors.. amounts falling due within one
year
18
{21,373)
{36,077)
Net current assets
3,465
4S,820
Totsl assets less current liabilities
255,056
271,455
Creditors.. amounts falling due after more
than one year
17
(34,6191
15, 525)
Totsl net assets
220,437
265,930
Charlty funds
Restricted funds
Unrestricted funds
18
10,078
12,123
Unrestricted income fund
Revaluation reserve
148,531
61,828
190,284
S3,523
Total unreslricted funds
210,359
253,807
Total funds
220,437
265,930
Page 12

Registered number: 01817304
The Natlonal Stone Centre
(A company limited by guarantee)
Balance sheet (continued)
As at 31 December 2023
The Company was entitled to exemption from audit under section 477 of the Companie5 Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in a¢cordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
B C Williams
Trustee
Date..
The notes on pages 14 to 31 form part of these financial statements.
Pa9e 13

The Natlonal Stone Centre
(A company limited by guarantee)
Notes to the financlal statements
For the year ended 31 December 2023
Accounting policies
1.1 Basls of preparation of financial statements
The financial statements have been prepared in accordance wtth the Charities SORP (FRS 102)
Accounting and Reporting by Charrties.. Staternenl 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 Companies Act 2006.
The National Stone Centre meets the definition of a publtc benefit entty under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the
relevant accounting policy.
The financial statements are presented in sterling which is the functional currency of the charity and
rounded to the nearest £,
1.2 Going concern
The twstees have 8 reasonable expectation that the charitable company 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.
1.3 Income
All income is recognised once the Company has entitlement to the income, it is probable thal the
income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Ststement of financial activities on a receivable basis. The balance cf
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Other income is recognised in the period in which it is receivable and to the extent Ihe goods have
been provided or on completion of the service.
1.4 Exp¢ndltUTe
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefrt
lo 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 ¢0Sts and shared costs, including support costs
involved in undertaking e8ch activity. Direet costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single adivity are apportioned between those activities on a basis consistent with
the use Of resources. Central staff costs are allocated on Ihe basis of time spent. and depreciation
charges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its
charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Company's objectives, as well as any associated support costs.
Page 14

The Natlonal Stone Centre
(A company limlted by guarantee)
Notes to the financial statements
For the year ended 31 December 2023
Accounting policies (continued)
1.4 Expenditure (continued>
All expenditure is inclusive of irrecoverable VAT.
1.5 Taxation
The Company is considered to pass the tests sel out in Paragraph 1 Schedule 6 of the Finance Act
2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the Company is potentially exempt from taxation in respect cf income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Acl 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
1.6 Tanglble fixed assets and depreciation
Tangible f￿ed assets are initially recognised at cost. After recognition, under the cost model. tangible
fixed assets are measufed at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tsngible fixed asset into its intended working condition should be
included in the measurement of cost.
At each reporting date the Company assesses whether there is any indication of impairment. If such
indication exists, the recoverable amount of the asset is determined to be the higher of 5ts fair value
less costs to sell and its value in use. An impairment loss is recognised where the carrying amount
exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of tangible fixed assets less Iheir residual value
over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases=
Freehold buildings
Freehold land
Exhibition
Fixtures and fittings
Office equipment
Grant funded assets
2 - 5°h straighl line
not depreciated
209/0 Straight line
10°/fr Straight line
10°/0 Stiaight line
20 /* Straight line
1.7 Investments
Investments in subsidiaries are valued at cost less proviston for impairment.
1.8 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.
1.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
ofthree months or less from the date of acquisition or opening of the deposit or similar account.
Pa9e15

The Natlonal Stone Centre
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 December 2023
Accounting policies (continued)
1.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet dale as a result of a past
event, il 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 Company anticipates it will pay to settle Ihe debl or
the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the besl estimate of the amounts required to settle the obligalion. Where
the effect of the time value of money is matertal, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate Ihat reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
1.11 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised al transaction value and SLtbsequently
measured al their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using th6 effective interest method.
1.12 Penslons
The Company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the Company to the fund in respect of the year.
1.13 Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furthefance of the general objectives cf the Company and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordance with specrfic restrictions imposed by
donors or which have been raised by the Company for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes lo the financial statements.
Page 18

The National Stone Centre
(A company limited by guarantee}
Notes to the flnancial statements
For the year ended 31 December 2023
Crltical accounting estimates and areas of judgment
Estimates and judgments are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounting estimates and assumption5:
The Company makes estimates and assumptions concerning the future. The resulting accounting
estimates and assumptions will, by defin*tion, seldom equal the related actual results. The estimates and
assumptions that have a significant risk of causing a material adjustment to the carrying amounts of
assets and liabilitie5 Wlthin the next financial year are discussed below.
Critical areas of judgment..
Valuation of land and buildlngs:
The land and buildings value has been arrived at on the basis of a valuation carried cut by R Smalley Bsc
MRICS on behalf of Lambert Smith Hamplon.
Income from donations and legacle5
Unrestricted Restricted
funds
funds
2023
2023
Total
funds
2023
Donations
Grants
16,192
16,192
426
426
16,192
426
16,618
Unrestricted
funds
2022
Total
funds
2022
Donations
50,468
50.468
Page 17

The National Stone Centre
(A company limited by guaranteel
Notes to the financial statements
For the year ended 31 December 2023
Income from charitable activities
Unrestricted
funds
2023
Total
funds
2023
Educational visits and activities
Training and Courses
10,474
12,290
10,474
12.290
22,764
22,764
Unrestrlcted
funds
2022
Total
funds
2022
Educational visits and acttvities
Training and Courses
8,007
8,874
8,007
8,874
16,881
16,881
Income from other trading activities
Income from fundraising events
Unrestricted
funds
2023
Total
funds
2023
Rental Income
7,000
7,000
Unrestricted
funds
2022
Total
funds
2022
Franchise Fees
Rental Income
11,334
7,000
11,334
7,000
18,334
18,334
Page18

The National Stone Centre
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 December 2023
Other incoming resources
Unrestrlcted
funds
2023
Total
funds
2023
other income
342
342
Unre5tri¢ted
funds
2022
Total
funds
2022
Other income
1,499
1,499
Page 19

The National Stone Centre
{A company limited by guarantee)
Notes to the flnancial statements
For the year ended 31 December 2023
Expenditure on raising funds
Raising donations and legacles
Unrestricted Restrfcted
funds
funds
2023
2023
Total
funds
2023
Rates and water
Insurance
Telephone
Repairs and Maintenance
Accountancy
Other office costs
Volunteer expenses
Computer expenses
Cleaning and waste disposal
Alann costs
214
325
178
1,101
446
101
328
247
200
136
120
214
325
178
1,101
446
101
328
247
200
136
120
97
3,467
239
265
1,399
59
80
112)
Interest and charges
Rent
Depreci8tion
Sundfies
Advertising
Light and heat
Legal and professional
Loss on sale of asset
Slaff costs - pension costs
97
1,422
239
265
1,399
59
80
112)
2,045
6,945
2,045
8.990
Page 20

The Nattonal Stone Centre
(A Company limited by guarantee)
Notes to the flnanclal statements
For the year ended 31 December 2023
Expenditure on raising funds {continuedl
Ra5slng donations and lega¢ig$ (continued)
Unrestricted Restricted
funds
funds
2022
2022
Total
funds
2022
Rates and water
Insurance
Telephone
Repairs and Maintenance
Accountancy
other office costs
Volunteer expenses
Computer expenses
Cleaning and waste disposal
Alarm costs
Interest and charges
Rent
Depreciation
Sundries
Advertising
Light and heat
Legal and professional
Staff costs - wages and salaries
Stsff costs- Nl
Staff costs- pension costs
246
255
136
2,054
364
57
505
162
273
145
159
97
1,206
173
281
1,704
109
2,072
246
255
13S
2.054
364
57
505
162
273
145
159
97
1,447
173
281
1,704
109
2,072
241
56
10,059
241
10,300
Page 21

The Natlonal Stone Centre
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 December 2023
Analysis of expendlture on charitable activities
Summary by fund type
Unrestricted Restricted
funds
funds
2023
2023
Total
2023
Educational visits and activities
Training and Courses
74,651
8,150
74,651
8,576
426
82,801
426
83.227
Unrestrl¢ted Restrlcted
funds
funds
2022
2022
Total
2022
Educational vistts and activities
Training and Courses
90,519
7,309
2,164
92,683
7,309
97,828
2,164
99,992
Anatysls of expenditure by activities
Activities
undertaken
directly
2023
Support
costs
2023
Total
funds
2023
Educational visits and acttvities
Training and Courses
74,651
74,651
8,576
8,576
8,576
74,651
83,227
Page 22

The National Stone Centre
(A company limited by guarantee}
Notes to the flnancial statements
For the year ended 31 December 2023
Analysis of expendtture by activities (continued)
Activitles
undertaken
directly
2022
Support
¢osts
2022
Total
funds
2022
Educational visits and aclivities
Training and Courses
92,683
92,683
7,309
7,309
7,309
92,683
99,992
Analysis of support Costs
Total
funds
2023
Totsl
funds
2022
Staff costs
Depreciation
Rates and water
Insurance
Light and heat
Telephone
Repairs and maintenance
Other office costs
Volunteer expenses
Computer expeneses
Cleaning and waste disposal
Alami Gosts
Interest and charges
Rent
Advertising
Legal and professional
Sundries
Loss on the sale of assets
Recharges from group companies
Governance costs
(109)
10,748
1.928
2,929
12,586
1,601
9,910
910
2,955
2,222
1,801
1,221
1,084
875
2,380
530
2,148
715
14203
4,014
19.191
13,019
2,217
2,291
15,333
1,222
18,490
512
4,544
1,461
2,455
1,305
1,428
875
2,527
979
1,557
3,277
74,651
92,683
Page 23

The National Stone Centre
(A company limlted by guarantee)
Notes to the financial ststements
For the year ended 31 December 2023
10. Independent examlner's remuneratton
2023
2022
Fees payable to the Company's independent examiner for the independent
examination of the Company's annual accounts
3,300
2.850
11. Staff costs
2023
2022
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
20,721
47
556
(121)
{121)
21,324
The average number of persons employed by the Company during the year was as follows..
2023
No.
2022
No.
Administration
No employee received remuneration amounting to more than £60,000 in either year.
Page 24

Th& National Stone Centre
(A company limited by guarantee)
Notes to the financial statements
For the year ended 31 December 2023
12. Trustees. remuneration and expenses
During the year. no Trustees received any remuneration or other benefits {2022 - £NIL).
During the year ended 31 December 2023. no Trustee expenses have been incurred (2022- £NIL}.
13. Tangible fixed assets
Fixtures
and
Office
fittlngs equlpment
Grant
funded
assets
Freehold
property Exhibition
Total
Cost or valuation
At 1 January 2023
Additions
Disposals
393,774
775
18,286
37,055
629
32.54S
1.158
(7951
9,206
51,559
490,866
54.121
{7951
At 31 December 2023
394,549
18,286
37,684
32,908
60,765
544,192
Depreciation
At 1 January 2023
Charge for the year
190,914
10,313
18,286
27.959
3.140
27,232
764
1,841
12,153
266,232
26,370
At 31 December 2023
201,227
18,286
31,099
27,998
13,994
292,602
Net book value
At 31 December 2023
193,322
6,585
4,912
46,771
251,590
At 31 December 2022
202,860
9,096
5,313
7,365
224,634
Included in freehold property is freehold land of £64,800 (2022: £64,800) which is not depreciated.
The freehold land. exhibition hall and portacabin office were revalued on 9 September 2003 by R Smalley
Bsc MRICS on behalf of Lambert Smith Hampton, a business external to Éhe charity, on an open market
value for an exists'ng use basis at £195,000.
Pa9e 25

The National Stone Centre
{A Company limited by guarantee)
Notes to the financial statements
For the year ended 31 December 2023
14.
Fixed asset investments
Investments
In
subsidiary
companies
Cost or valuatlon
At 1 January 2023
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022
Principal subsldlarles
The following was a subsidiary undertaking of the Company..
Name
Company
number
Class of
shares
Holding
NSC Go Limited
10619675
Ordinary
1000
The financial results of the subsidiary for the year were..
Name
Income
Expenditure
Net assets
NSC Go Limited
208,546
(202,886)
2,176
Page 26

The National Stone Centre
(A company limited by guarantee)
Notes to the flnancial statements
For the year ended 31 December 2023
15. Debtors
2023
2022
Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
24,496
29,085
6,351
1,559
558
424
8,468
54,005
16. Creditors: Amounts falling due withln one year
2023
2022
Trade ¢￿dItorS
Amounts owed to group undertakings
Other taxation and social security
other credrtors
A¢¢ruals and deferred income
1.099
477
5,056
2,350
20,121
8,550
118
19,679
21,373
36,077
2023
2022
Deferred income at 1 January 2023
ReSoU￿eS deferred during the year
Amounts released from previous periods
10,887
42,079
(5,362)
10,887
47,604
10,887
Included in deferred income is a capital grant and Gourse income received in relation to future periods.
17. Creditors: Amounts falling due after more than one year
2023
2022
Accruals and deferred income
34,619
5,525
Page 27

The Natlonal Stone Centre
(A Company limited by guaranteel
Notes to the financial statements
For the year ended 31 DeGember 2023
18. Statement of funds
Statement of funds- current year
Balance at
31
December
2023
Balanc• at 1
January
2023
Transfers
inlout
Income Expendlture
Unrestricted funds
Unrestricted income fund
Revaluation reserve
190,284
63,523
46,298
(B9,746)
1,695
(1,695}
148,531
61,828
253,807
46,298
(89,7461
210,359
Restricted funds
Childrens play area
MDEM - Museum of Geology
8nd Quarrying Public spec
display cabinets
Quarrying - Collections MODES
&pc
Veolia - Signage & trail
improvemenl
Museums - Storage Equipment
Grant
DCC Heating System Grant
Tarmac Limited Landfill
CommunÉties Grant
6,329
1496)
5,833
602
(136>
466
61
{35)
26
1,080
{1,080)
266
3,785
{72)
1226)
194
3,559
426
1426)
12,123
426
(2,471)
10,078
Total of funds
265,930
46,724
192,217)
220,437
The specific purposes for which the funds are to be applied are as follows..
Revaluation Reserve
The revaluation reserve relates to the uplifi in the propety value.
Restricted Funds
All restricted funds relat& to assets held in fixed assets which were bought with grant$ or specific
donations and they are being written off over their useful lrfe.
Page 28

The National Stone Centre
(A company Ilmited by guarantee)
Notes to the financial statements
For the year ended 31 December 2023
18. Statement of funds (contlnued)
Statement of funds - prior year
Balance at
31
December
2022
Balance at
1 January
2022
Transfers
Inlout
Income Expendlture
Unrestricted funds
Unrestricted income fund
Revaluation reserve
206,528
65.248
87,182
{107,887)
4,461
{1,725)
190,284
63,523
271,776
87,182
{107,887}
2,736
253.807
Restricted fund5
Rotsry club of Wirf(sworth
Childrens play area
MDEM- Museum of Geology
and Quarrying - Public spec
display cabinets
Quarrying - Collection5 MODES
&pc
Permanent exhibition area
Veolia - Signage & trail
improvement
MDEM - Visitor monitoring fund
Museums- Collections &
Access Grant Fund
Museums- Storage Equipment
Grant
DCC Heating System Grant
480
6.825
(480)
1496)
6,329
1,019
(136)
(281 }
6Q2
96
501
{35)
61
(501)
2,520
250
(1,440)
1,080
(250)
680
(680)
882
4,011
(72)
1226}
(544)
26S
3,785
17,264
(2,405)
(2,738)
12,123
Total of funds
289,040
87,182
{110,292>
265.930
Page 29

The Natlonal Stone Centre
(A company Ilmlted by guarantee)
Notes to the financial statements
For the year ended 31 December 2023
19. Analysis of net assets between funds
Analysis of net assets between tunds • current year
Unrestricted Restricted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
194,739
56,851
251,590
24,838
25,400
(34,6191
24,838
121,373
134,6191
(46,773)
Total
210,359
10,078
220,437
Analysis of net assets between funds - prior year
Unrestricted Restricted
funds
funds
2022
2022
Total
funds
2022
Tangible fixed assets
Fixed asset investments
Currenl assets
Creditors due within one year
Creditors due in more than one year
205,145
19,489
224,634
62,897
(8,711)
{5,525)
20.000
{27,3661
82,897
136 077)
(5,525}
Total
253,807
12,123
265,930
20. Pension commitments
The group operates a defined contribution pension scheme. The assets of the scheme are held separately
from those Of the group in an independently administered fund. The pension cost charge represents
contributions payable by the group to the fund and amounted lo £Nil (2022. £556) Contributions totalling
£Nil (2022_' £Nil} were payable to the fund al the balance sheet date.
21. Members. liabiltty
Each member of the charitable Company undertakes to contribute to the assets of the company in the
event of it being wound up while helshe 15 a member, or within one year after helshe ceases to be a
member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before
helshe ceases lo be a member.
Page 30

The National Stone Centre
{A company limited by guarantee)
Notes to the fSnanclal ststements
For the year ended 31 December 2023
22. Related party transactions
The charitable company has taken advantage of the exemplion provided in Financial Reporting Standard
102, Section 33 'Related Party Disclosures,. Disclosures need not be given of transactions entered into
between two or more members of a group, provided that any subsicliary which is party to the transaction
is Whol￿ owned by such a member.
23. Controlling Party
At 31 December 2023, the immediate and ultimate parent undertaking is The Institule of Quarrying, a
company incorporated in England and Wales and registered in England and Wales. Copies of the financial
statemenls for The Institute of Quarrying can be obtained from its registered office, National Stone Centre
Porter Lane, Wirksworth, Matlock, Detbyshire, England, DE4 4LS. Its registered company numbei Is
OOS06601 and charty number is 244812. The directors consider that The Institute of Quarrying exercises
control over The National Stone Centre by virtue of the Gompany being conlrolled by the same Bcard
members of those on the board of The Institute of Quarrying.
The parent undertaking of the largest and smallest group to consolidate their financial statements is The
Institute of Quarrying, a company incorporated in England and Wales and registered in England and
Wales. Copies of these financial statements can be obtained from National Slone Centr& Porter Lane,
Wirksworth, Matlock, Derbyshire, England, DE4 4LS.
At 310ecember 2023, the Directors considered there to be no ultimate controlling party of The Institute of
Quarrying.
Page 31