Docusign Envelupe10.' 43199E4D£5AB4604-B2D9-26E379626C70 Reglstered number: 01817304 Charity number.. 516799 The Notlonol Stone Centre Trustees, Reptsrl ond Financiol Statements For the year ended 31 December 2024 AUDIT
Docu81gn Envelope ID.. 43199E4D-C5AB4604-B2D9-26E379826C70 The Natlonol Stone Centre (A company Ilmlted by guarantee) Contents Page Aeference and Administrative Details of the Compony, its Trustees ond Advisers Trustees, Report Trustees. Responsibilities Statement Independent Exominer's Report Statement of Finoncial Actlvitles 10 Bolonce Sheet Notes to the Financial Statements 13-33
Do¢usign Envelope ID.. 43199E4D.C5AB4604-B2D9-26E379826C70 The National Stone Centre (A compony limlted by gvarontee) Reference and Administrative Detoils of the Cempany. its Trvstees and Advisers For thè ueor ended 51 December 2024 Truslees D A Bagshow H K Boiley P Greowes [deceosed 13 July 2025) P F Jones J B Riding V G Russell B C Willioms P F Collrell S J Burlonshow (resigned 10 Jonuaru 2Q25) C J Herbert (resigned 5 September 2024) A Meodows A S Russell L Sounders RPShow L M Willies M Haynes (oppointed 5 September 2024) S Caleu (appointed 20 November 2024) Company reglstered number 01817304 Chority registered number 516799 Registered office Ptsrler Lane Mlddleton Motlock Derbyshire DE4 4LS Company secretory J E Thorne Accountants Doins Audit Limited 2 Etrurio Office Villoge Forge Lone Stoke on Trent Stofford5hire STI 5RQ Solicitors Howes Percivol LLP 3 The Osiers Bvsiness Centre Leicester LE191DX Poge 1
Docusign Envelope ID.. 43199E4D-C5AB46D4-B2D9-26E379826C70 The Nationol Stone Centrè (A company limited by gvarontee) Trustees, report For the year ended 31 December 2024 The Trustees present their annual report together with the finonciol stotements of the Company for the year 1 Jonvory 2024 to 31 December 2024. The Annual report seNes the purposes of bc>th u Trustees, report and a directors, report under compony low The Trustees confirm that the Annual report ond financiol Slotements of the charitoble compony comply with the current statutory requirement5, the requirements of the chariloble componu's governing document ond the provisions of the Stotement of Flecommended Proctice (SORP) opplicable to chorities preporino their occounts in accordonce with the Finonciol Reporting Stondord applicoble in the UK ond Republic of Ireland (FRS102) (effective I January 2019). Slnce the Company qualifies os 5moll under section 382 of the Componies Act 2006, the Strategic report reqvired of medium ond large componies under the Componies Act 2006 Islrotegic Report ond Director5, Report) RegulotlOn5 2013 hos been omitted Page 2
Docusign Envelope10: 43199E4D£SAB460442Dg-26E379826C70 The Notional Stone Centre (A company limited by guarantee) Trustees, report (contlnved) For the year ended 51 December 2024 Objectives ond activ¥tles The National Stone Centre Is an educational charity that seeks to engage and inform about the Importance and history of stone and its allied industries. Wherever p0551ble. we keep the site open to visitors so they can see for themselves the work that 15 goin onto utUTe preserve the site for generations. Our oflering of stone related heritage craft courses are hel reser¥e the traditiona at are key to the local area both past and present. We CDlltinue to make steady progre55 towards the educational goals that we set out when acqulrlng the site aiid a renewed focus is being applied to work with eilucational roups to forni a practica part of the curriculum. Our mission is to keep the site open, for visitors today and for future generations. In times of change 8nd uncertainty, that Is more importantthan ever. During 2024 work has continued to develop the centre of excellence at The NSC alisning the mlnerals industry standards and rofessional deve opment with the public engagement and education on the past, present and future. The rojert will engage eop e of all ages across e country both directly and througfi social media and our work is receiving widespread Industry recognition. Page 3
Do¢usign Envelope ID.. 43199E4CSA04-S2Dg-26E37gB28c70 The Notionol Stone Centrè (A compony Ilmlted by guaranteè) Trustees, report {¢ontinved) For the year ended 51 December 2024 Achievements ond performance AcLll/ItI The Centre lias plans to delivor a hi8h-quality attraction for thousands of visitors to attend to lear1i about the story of stone. With the SSSI accredited site being nestled on tlie edge of the Peak Di5tricL the local area benefits from many other organisation's who seek to preserve the natural history and horita8e ol tlie area, and the National Stone Centre is excited to collaborate where possible wlth as many Similar orsanisations as we can. We hove been worklng with local community groups, businesses and educational institutioiis to deliver educational engagement for all Ases. The project has received fundiiiE from the Derbyshire Environmental Trust supporting the purchase of neiv solar panels for the Café and vlsltor centre alongslde new rechar8eable tools for site maintenance. Daily, the centre attracts hundreds of visitors for outdoor activities such a5 walklng, biking and geology themed visits. We will continue to work to matntain a safe site of both historic and scientific interest that can be enjoyed by everyone. Future Plans The centre will be further developed throughout 2025 to make progress on the key themes that underpin the center's lonE-term strateEY which are Educate- Complimentlng National Stone Centre attlvities to establish a knowledge centre of excellente for the Industry, Engage- A focal point for engaging the public. schools and colleges in the science, hi5tOry• present and future of the industry Inspire- Inspiring the next generation of rninerals and stone pioduclion industry professionals The Lonscliffe Groups senerous donation of £IOO,000 over five years enabled tlie Centre to upgrade and develop its exllibition and learniiig facllltle5 for visitor's and schools. Poge 4
0USi9 Envelope ID.. 43199E4LkC5A84604-B2Q9-26E379826C70 The Notionol Stone Centre (A compony limited by guorontee) Trustees, report {continved> For the year ended 31 December 2024 Flnanciol Review Going concern After moking appropriate enoulries, the Trvstees hove a reasonable expectotion thal the Company has odequote resources to continue in operotionol existence for the foreseeoble future. For this reason. they conlinue to odopt the goin9 concern bosis in preporing the f inoncial stotements. Further details regording the adoption of the going concern bosis con be found in the accounting policies. Fleserves policy The total funds held ul 51 December 2024 were £187.958 (2023. £220.437), £176,962 of this was unrestricted (2023. £210,359) Cosh and bank in hond ot 51 December 2024 was £28.663 (2023. £16.370). £28,663 of this wos unrestrlcted (2023.. £16,370). The Trustees believe the present level of funding 15 odequale to support the continuotion of the chorlty. Poge 5
Docusign Envelope ID.. 43199E40-CSAN604-B2D9-26E379826C70 The National Stone Centre (A company limited by guoranteè) Trvstees, report (continued) For the yeor ended 31 December 2024 Structure, Governance Management The NSC is governed by its Board of Trustees who set the strategic diiect40n of the organisation and have oversight of the operatlonal activities. The day-to-day operations are undertaken by employees of the NSC, the IQ and voluiiteeis. The focus for the coming year will be to increase the local employment opportunities on offer at the centre ènd to widen the volunteeT roles on offer to attract new volunteer5. We wlll continue to asSiSt the industry with its important work on the Minerals Matter programme of providing resources for young people and adults thinking about tlieir career options. ,4ATTER Page 6
Docusign Envetope ID: 43199E4D-C5AB4604-82D9-26E379826C70 The Notionol Stone Centre (A compuny Ilmited by guarantee) Trustees, report (continved) For the year ended 31 Oecember 2024 Approved by order of the members of the board of Trustees ond signed on thelr behalf by.. Dll¢u$1¥by. 88DE3¥A938194?1. C Willioms Trvstee Date. 71 Ik8ttsè Page 7
Docuslgn Envelope ID.. 43199E4D-c5AS04-B2Dg-2&E379828C70 The Notlonol Stone Centre (A company limited by guarantee) Statement of Trustees, respon5ibllltles For the yecr ended 31 December 2024 The Trustees (who ore olso the directors of the Company for the purposes of company Icsw) ore responsible for preparing the Truslees, report ond the finoncial slotements in occordonce with opplicoble law ond United Kingdom Accounting Stondords (United Kingdom Generolly Accepted Accounting Proctice). Compony low requires the Trustees to prepore financial stotements for eoch flnonciol Under company low. the Trustees musl not opprove the finoncial stotements unless they ore sot15fied Ihol they give o true ond foir view of the stute of offoirs of the Company ond of Its incorning resources and applicotion of resources. includino its income ond expenditure, for that period. In preporing these f Inancial stotements, the Trustees ore required to.. select svitoble occounting policies ond then opply them consistently,, observe the methods and principle5 of the Chcsrities SORP (FRS 102}- make judgments OF)é occounting estimote5 that ore reosonable ond prudent- state whether opplicoble UK Accounting Stundards (Fqs 102) hove been followed, subject to ony materiol deportures disclosed ond explalned in the finonciol stotemenls.. prepcjre the financial statements on the going concern bosis unless it is inappropriole to presume thot the Compony will continue in business The Trustees are responsible for keeping adequote occounting records thot are sufficlent to show ond exploin the Compony's tronsoctions ond disclose with reasonable occuracy ot ony time the f inoncial position of the Compony and enable them to ensure thot the financiol statements comply with the Companies Act 2006 They ore also responsible for 5ofeguarding the ossets Of the Compony ond hence for toking reasonoble steps for the preventlon ond detection of frovd ond other irregulorilies. Approved by order of the members of the boord of Trustees c*nd signed on its behalf by.. D¢¢y$iGne4tyy". 8SDE39493819th?E B C Willlams Trustee Dote,. 24 701f Poge 8
Docusign Envelope ID.. 43t99E4D-C5A84604-B2D9.26E379826C70 The Natlonol Stone Centre (A company limited by guurantee) Independent Exominer's Report For the year ended 31 December 2024 Independent Examlner's Report to the Trustees of The National Stone Centre ('the Company? I report to the charity Trustees on my exomination of the occounts of the Compgnu for the yeor ended 51 December 2024. Responsibilities and Basls of Report As the Trustee5 of the Compony (ond its directors for the purposes of company low) you are responsbble for the preporotion of the accounts in occordance with the requlrements of the Cc)mponies Act 2006 ('Ihe 2006 Act,). Hovlng satisfied myself that the accounts of the Company are not required to be oudited under Port 16 of the 2006 Act and are eligible for independent exominotion, I report in respect of my examination of the Compony's accounts corried out under secllon 745 of the Chorities Act 2011 ('th& 2011 Act,). In corrying out my exominotion I hove followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent Exominerfs Statement I have completed my examination. I confirm thol no motters have come to my attention in connection with the examinotion 9iving me cause to believe". occounling records were not kept In respee( of the Compony os required by section 386 of the 2006 Act.. or the accounts do not occord with those records. or Ihe occovnts do not comply with the occounting requirements of section 396 of the 2006 Act other thon ony requirement that the occouftts give o 'true ond foir, view which is not o motter considered os port of on independent exemlnotion,. or the accounts hove not been prepored in accordonce with the methods and principles of the Statement of Recommended Proctice for accouiiling and reporting by chorities [opplicoble to choritles preparing their occovnts in occordance with the Finoncial Reporting Standord applicable in the UK and Republic of Irelond (FRS 102)] I hove no concerns and have come ocross no other motters In connection with the exomlnotion to which attention should be drown in Ihls report in order to enable a proper understoncling of the accounts to be reached. This report is made solely to the Company's Trustees. os a body, in accordance with Part 4 of the Chorities (Accounts ond Reports) Regulations 2008. My work hos been undertoken 50 thot I might stote to the Company'5 Trvstees those matters l om required to stote to them In an Independent exomlner's report and for no other purpose. To the fullest extent permitted by low, I do not accept Dr assume responsibility to anyone other than ihe Company ond the Compony's Trustees os o body, for my work or for this report. Signed: Dated. Z(.É->S- Simon Howkins FCA Oains Audit Llmfted 2 Etrurlo Office Villo9e Forge Lone Stoke on Trent Stofford5hire ST1 5RQ Poge 9
Do¢usign Envelope ID.. 43l99E4LkC5A6o4.2D9-2sE379826c70 The Nationol Stone Centre (A cctmpany limited by guaranteè) Stotement of financial attivities (tncorporotlng income and expenditure account) For the Year ended 31 December 2024 Unrestrlctèd fvnds 2024 Restrlcted funds 2024 Totol funds 2024 Total funds 2025 Note Income from: Donatlons onci legacles Choritoble octivities 14,363 2,156 16.579 16,618 21.640 21.640 22.764 Other troding octivities Other income 14.500 14.500 7,000 1.224 1.224 542 Total income 51.727 2.156 53.883 46.724 Expenditvre on: Roising funds Choritoble octivities 8.102 956 9.058 8.990 77.022 282 77.304 83,227 Total expenditure 85.124 1.238 86.362 92.217 Net (expenditvre)/income 33.397) 918 (32.479) C45.493) Net movement in funds (33.597) 918 (32,479) (45 493) Reconciliation of funds: Totol funds brought forword Net movement in funds 210,359 10,078 220.437 265,930 (35.397) 918 (32.479) <45.493) Total funds carried forward 176,962 10.996 187.958 220.437 The Statement of Financiol Actlvities includes all goins ond losses recognised in the yeor. The notes on poges 13 10 33 form port of these finonciol stotements. Poge IQ
Docusign Envelope ID.. 43199E4D£5AB4604-82D9-28E379826C70 The Nationa5 Stone Centre (A compony limited by gvorontee} Registered number., 01817304 Balonce sheet As at 31 December 2024 2024 2023 Note Fixed assets Tongible assets Investments 13 231.171 251.590 14 231,172 257,591 Current ossets Debtors 15 9.025 8.468 Cash at bonk Dnd in hond 28.663 16.370 37,688 24,838 Creditors.. amounts falling due within one yeor 16 (53,495) (21.573) Net current liabilities / assets {15.807) 3,465 Totol o5sets less turrent Ilablllties 215.365 255.056 Creditors.. omounts falling due after more thon one yeor 17 <27.407) (34.619) Total net ossets 187.958 220.437 Chority funds Resiricled funds 18 10.996 10,078 Unrestricted funds Unrestricted income fund 18 116.829 148.531 Revaluation reserve 6Q.133 61.828 Total vnrestricled funds 18 176.962 210,359 Toiol funds 187.958 220.457 Poge 11
Docusign Envelope ID.. 43199E4D-C5AB4604-B2ag-26E379826C70 The Nationol Stone Centre (A company Ilmited by guarantee) Reglstered nvmber: 01817304 8olon¢e sheet {contlnued) As at 31 December 2024 The Componu was entitled to exemption from ovdit vnder section 477 of the Ctsmponies Act 2006. The members hove not required the componu to obtoin an ovdit for the yeor in question in occordance with sectlon 476 of Componies Act 2006. The Trustees ocknowledge their responsibilities for compluing with the reqvirements of the Act with respect to accounting records ond preparation of finoncial stotemenls. The f inonciol stolements hove been prepared in accordance w,,th the provisions oppllcoble to entities subject to the smoll companie5 regime. The finonciol stotements were approved ond authorised for Issue bu the Trustees ond 51gned on their behalf by.. È3ASl042s B C Williams Trustee Dote.. 71 tk usè 26Zg The notes on poges 13 to 33 form port of these finonclnl stotements. Poge 12
Docusign Envelope ID.. 43199E4D£5AB4604-B2D9-26E379626C70 The National Stone Centre (A company limited by gvorontee) Notes to the financial statements For the year ended JI Decèmber 2024 Accounting policies 1.1 Bosis of preparotion of financial statements The finonciol stotements hove been prepored in occordonce with the Chorities SORP (FRS 1Q2) - Accountin9 ond Reporting by Chorities.. Statement of Flecommended Practice opplicable to chorilies preparing their occount5 in accordance wlth the Finonciol Reporting Standord applicoble in the UK ond Republic of Ireland (FRS 102) (effective 1 JonLiory 2019). the Finoncial Reporting Stondord opplicoble in the UK ond Republic of Irelond (FRS 102) ond the Componies Act 2006. The Notionol Stone Centre meets the def inltion of o publlc benefit entity under FRS 102. Assets und liabllilies ore initially recognised ot historicol cost or tronsoclion value unless otherwise stoted in the relevont occountlng policu. The finoncial stotements ore presented in sterling which Is the funcliontsl currencg of the chority and rounded to the neorest £ 1.2 Golng concern The trustee5 hove o reosonable expeclotion thol the choriloble company hos odequote resource5 to contiriue in operotionol existence for the foreseeoble f uture. For this reoson, they continue lo odopt the going concern bosls In preporing the f inanciol statement& 1.3 Incomè All income Is recognised once the Compony hos entitlement to the income, it is prtsboble that ihe iricome will be received and the amount of income receivoble Con be measured reliably. Grants are Included in the Stolement of finonciol octivitles on a receivable basis. The balonce of income received for specific purposes but not expended during the period is shown in the relevont funds on the Bolonce sheet. Where income is received in advance of entitlement of receipt. Its recognltitsn is deferred ond included in creditor5 0$ deferred income. Where entitlement occurs before income is received, the income is accrued, Other income is recognised in the period in which It is recelvoble ond to the extent ihe goods have been provided or on completion of the service. 1.4 Expenditure Expenditure is recogw)ised once there is a legol or constructive obligotion to Iransfer economic benefit to o third porty. It Is probable thot a tronsfer of economlc benefit5 will be required in settlement ond thè amount of the obligaiion con be meosured relioblu. Expenditure is classified by octivily. The costs of each activitu ore mojde up ot the total of direct costs and shared costs. including 5VPPOrt costs involved in undertoking each oclivity. Direct costs oltribvtable to a single activity are allocated directly to that octivltu Shored cost5 which contribute to more thon one oclivity ond support C05ts which ore not atlrlbutoble to o single activity are opportioned between those octivitSes on a bosis consisienl with the use of resources. Centrol Staff costs ore ollocated on the busis of time spent. and depreciation charges ollocoted on the portion of the asset's use. Page 13
Docusign Envelope ID.. 43l99E4D-C5AB46¢D2D9-26E379826c70 The National Stone Centre (A company Ilmited by guarontèe) Notes to the financial stotements For the year ended 31 December 2024 Accounting pollcles (continuèd) 1.4 Expenditure (continved) Expenditure on ralslng funds includes oll expenditure incurred by the Company to rolse funds for its choritable purposes ond includes costs of oll fundroising octivities events and non-charitoble trading. Expenditure on charitoble oclivities 15 incurred on directly undertoking the activities which further the Compony's objectives. os well os ony associoted support costs. All expendlture is inclusive of irrecoverable VAT. 1.5 Taxation The Compony is considered to POSS the tests set out in Poragroph I Schedule 6 of the Flnance Act 2010 ond therefore it meets the defir,ition of o charitable cornpony for UK corporotion lox purposes. Accordingly. the Company is potentially exempt from taxutlon In respect of income or capitol goins received w*thin colegories covered by Chopter 3 Port 11 of the Corporatlon Tox Act 2010 or Section 256 of the Taxotion of Chargeoble Goins Act 1992. to the extent thot such income or gain9 arè opplied exclusively lo choritable purposes. 1.6 Tangible fixed ossets and depredotlon Tongible fixed assets ore initiolly recognlsed at cost. After recognltlon, under the cost model, tongible fixed ossets ore measured ot cost less occumulated depreciotion and ony occumuloted impoirment losses. All costs incurred to bring o tangible fixed o55et into its intended working condition should be Included In the measurement of cost. At eoch reportlng dote the Company ossesses whether there is ony indicotion of Impairment. If such indicotion exists, the recoveroble cjmount of the 05set is determined to be the higher of Its foir volue less costs to sell ond Ils volue in use. An impoirment losg is recognised where the carrying amount exceeds Ihe recoverable amount. Depreciotion is chorged so os to allocate the cost of tangible fixed ossets less their residual value over their estimoted useful lives, using the stroight-line method. Depreciation is provided on the followir)g boses- Freehold buildings Freehold land Exhibition Fixtures ond fittings Office equipment Grant funded ossets 2 - 5% strai9ht line not depreciated 20VI Stroight Ilne 10% sireight line 100/D Stralght line O'h - 20'k stroight Ilne 1.7 Investments Investments in subsidiaries ore volued ut C05t less provlslon for impoirment. Poge 14
DOSigN Envelope ID: 43199E4D.C5A84604-82D9-2fjE379826C70 The NotiDnol Stone Centre (A compony Ilmlted by guorantee) Notes to the financial stotements For the yéor ended 31 December 2024 Accounting polities (continued) 1.8 Debtors Trade and other debtors ore recognised ot the settlement omount after any trade discount offered. Prepoyments are valued ot the amount prepoid net of ony trade discounts due. 1.9 Cosh at bonk and in hand Cojsh ot bank and in hond includes cash ond 5hort-term highly liquid investments with a short moturtty of three months or less from the dole of ocquisition or opening of the deposit or similar occount. 1.10 Liabilities and provisions Liabilities ore recognised when there is on obligation ot the Bolance sheet dote as a result of o post event. it is probuble thot o transfer of economic benefit will be required in settlement, ond the amount of the settlemenl con be estimoled reliably. Llobilities ore recognised ot the omounl that the Company onticipates it will pay to settle the debt ar the omount St hos received 0$ odvonced poyments for the good5 or service5 It must provlde. Provisions are meosured ot the best estimote of the omounts required to settle the obligation. Where the effect of the tlme volue of moneu is moteriol. the provislon is bosÈd on the present value of those omounts, discounted ot the pre-tox discount rote that reflects the risks specific to the Iiobility. The unwlndlno of the discount Is recognlsed in the Statement of finoncial actlvities as a finonce cost. 1.11 Financial instrvmpnts The Compony only hos financial assets ond finornclal liobilitles of o kind that quolify os boslc financlal instruments. Bosic financiol instruments ore initially recagnised ot tronsoction value ond subsequently measured ot thelr settlement value with the exception of bank loons which ore subsequently meosured al omortised cost using the effective interest method. 1.12 Pensions The Compony operotes o definecj" contribution penslon scheme ond the pension chorge represent5 Ihe omounts pauable by the Company to the fund In respect of the yeor. 1.13 Fund accountlng Generol funds ore unrestricted funds which ore avolloble for use at the discretion of the Trustees in furtheronce of the general objectives of the Compony and which hove not been designoted for other pvrpose& Restricted f unds ore funds which ore to be used in accordance with speclfic restrictions imposed by donors or which hove been roised by the Compony f or particular purposes. The costs of roising and odministering such funds ore chorged Ogoinsl the specific f und. The oim ond use of eoch restricted fund Is set out in the notes to the finencial stotement& Poge15
Docusign Envelope In.. 43199E4D-CsAB4604-B2D2fjE379826c70 The National Stone Centre (A company limited by guarantee) Notes to the financial stotements For the yeor ended 31 December 2024 Critical accounting estlmotes ond areos ot judgment Estimotes ond judgments ore conlinuolly evoluated ond ore bosed on historicol experience ond other factors. including expectations of f uture event5 that are believed to be reosonoble under the circumstonces. Critical accounting eslimote5 and ossumption5'. The Company makes e5timate5 ond assumptions concerning the future. The resulting accounting estimates and ossumptiorns will, by definition. Seldom equal the related actuol results. The estimale5 ond assumption5 that have o significont risk of covsing o materiol odjuslment to the carrying omounts of assets ond liobililies within the next finonciol ueor ore discussed below. Criticol ore05 of judgment.. Valuotion of lond und bvildings.. The lond ond buildings volue h05 been arrived at on the bosis of o voluolion corried out by R Smcjlley 8Sc MRICS on behalf of Lambert Smlth Hompton. Income from donations and legacles Unrestrlctèd Restrirted funds 2024 Total fvftds 2024 fvnds 2024 Donolions 14,365 1.874 16.237 Grants 282 282 14,363 2,156 16.519 Unrestricted funds 2023 Restricted f unds 2023 Total fund5 2023 Donotions 16,192 16.192 Gronts 426 426 76,192 426 16.618 Poge 16
Docusign Envelope ID.. 43199E4D-C5AB4604~B2D9-2fjE379826C70 The National Stone Centre (A compony limited by gvorantee) Notes to the f intsnclal statements For the year ended 310ecember 2024 Income from charitoble activities Vnrestricted fvnds 2024 Total funds 2024 Educotionol visits ond octivities 10.914 10.914 Tralning ond Courses 10.726 10.726 21.640 21.640 Unrestricted funds Totol funds 2023 2023 Educolionol visits ond octivities 10.474 10.474 Tioinlng and Courses 12.290 12.290 22,764 22.764 Income from other troding activities Income from fundrolsing events Vnrestricted funds 2024 Total funds 2024 Rental Income 14.500 14.500 Poge17
Docuslgn EnvelDpe ID.. 43199E4D-C5AB4604-B2D9-26E379826C70 The Notional Stone Centre (A company limited by guarantee) Notes to the finoneial statèments FOT the year ended 31 December 2024 Income f rom other trading activities (continued) Income from fvndralslng events (continued) Unrestricted funds 2023 Totol funds 2023 Rentol Income 7.000 7,000 Other incoming resovrces Unrestricted fvnds 2024 Total funds 2024 Other income 1.224 1.224 Unrestricted funds 2023 Total funds 2023 Other income 342 342 Page 18
Dowsign Envelcpe ID.. 43199E4D-C5AB4604-B2Dg-26E379826C70 The National Stone Centre (A company limited by gvorontee) Notes to the financlal $tutements For the yeor ended 31 December 2024 Expenditure on raising fvnds Roi5ing donations ond le9ocies Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Rotes ond woter 234 234 Insuronce 382 382 Telephone Repoirs ond Maintenance Accountoncy 199 199 934 934 355 335 Other office costs 49 49 Volunteer expenses 331 331 Computer expenses Cleaning and wosie disposol Alarm cost5 251 231 (60) 112 (60) 112 Interess ond chorges 51 51 Rent 97 97 DepreciatiC>n 1.294 956 2,250 Sundries 241 241 Advertising Light ond heat Loss on sale of asset 187 187 1.160 1,160 285 285 Stoff costs - wages ond solaries Staff costs - pension costs 1.975 1.975 65 65 8,102 956 9.058 Poge 19
Docuslgn Emielope ID.. 43199E4D-C5AB-4604-82D9-26E379826c7Q The Notlonol Stone Centre (A company limited by guarantee) Notes to the financlal statements For the year ended 31 December 2024 Expenditure on roising funds (contlnued) Roising donations ond legocies (contlnued) Unrestricted f unds 2023 Restrlrted funds 2023 Totol f unds 2023 Rotes and water 214 214 Insvronce 325 325 Telephone 178 778 Repoirs ond Mointenonce Accountoncy Other office costs 1,101 446 446 101 701 Volunteer expenses 328 328 Computer expenses 247 247 Cleaning and woste disposol Aloyrm costs 200 200 136 136 Interest ond chorges Rent 120 120 97 97 Depreciotion Sundries 1.422 2.045 3,467 239 239 Advertlsing Light and heat 265 265 1,399 1.399 Legal and prefessionol Fundraising troding expense 19 Staff costs - pen510n costs 59 59 80 8Q (12) {12) 6.945 2.045 8.990 Page 20
Docusign Envelope ID.. 43199E4D-C5AB4604-B2D&26E379826C70 The National Stone Centre (A company limlted by gvorontee) Notes to the flnunciaS stotements For the year endÈd 31 Oecember 2024 Anolysis of expenditure on charltable activitles Summary by fund type Unrestricted funds 2024 Re5trlcted funds 2024 Totol 2024 Educotionol visits and octivities 71.966 71.966 Training ond Course5 5,056 282 5.338 77,022 282 77.304 Unrestricted funds 2023 Restricted f vnds 2023 Total 2025 Edvcotionol vislts ond octlvilies 74,651 74,651 Training ond Covrses 8.150 426 8.576 82.801 426 85.227 Analysls of expendlture by actlvltles Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Educotionol visits ond activities 77,966 71,966 Training ond Courses 5,558 5.33B 5,338 71.966 77.304 Poge 21
Docuslgn Envelop8 ID.. 43199E4D-C5AB461)44209-26E379828C70 The Notlonal Stone Centre (A company limited by gvarantee) Notes to the flnanclol statements For the year ended 51 December 2024 Anolysis of expenditure by activities (continued) Activities undertaken directlu Support cosls 2025 2023 Total funds 2023 Edvcationol vlsils ond octlvitles 74,651 74,651 Troining und Courses 8.576 8,576 8,576 74.651 83,227 Poge 22
Docusign Envelope ID.. 43199E4D.C5A84604.82D9-26E379826C70 The Natlonal Stone Centre (A company limlted by guarantee} Notes to the financial statements For the yèar ended 31 December 2024 Analysis ot expenditvre by activities (continued) Analysls of svpport costs Toial funds 2024 Tolol funds 2023 Stuff costs 15.270 (109) 10,748 Deprecicstion Rotes ond woter 10.692 2.109 1.928 Insurance 3.440 2,929 Light and heot Telephone Repoirs and maintencjnce Other office costs 10,438 12.586 1.789 1.601 8.408 9.910 440 910 Volunteer expenses 2,981 2.955 Computer expenses Cleoning and woste dlsposo1 Alorm cosls 2.077 2.222 (541) 7.011 1.801 1,221 Interest ond charges 461 1,084 Rent 875 875 Advertising 1.684 2,380 Leg(Jl cjnd professionol Svndrles 530 2.168 2.148 Loss on the sule of ossets 2.561 715 Recharoes from group companies 3.Q88 14,203 Governonce costs 3.015 4.014 71,966 74,651 Page 23
Docusign Envelope ID,, 43199E4WSAB4604-B2D9-26E379826C70 The Notional Stone Centre (A compony limited by guarantee) Notes to the financial statements For the year ended 31 December 2024 10. Independent examinerfs remuneration 2024 2D23 Fees payable to the Componu's independent examiner for the independent exominolion of the Compony's onnual account5 3,350 3.300 11. Stoff costs 2024 2023 Wages and salorles Contribution to defined contribvtion pension schemes 16.659 651 (127) 17.310 (121) The overoge number of persons employed by the Compony dvring the year w05 as follows.. 2024 2023 No. No. Adminislrotion No employee received remvneration omounling to more than £60.000 in either year. 12. Trustees, remuneration and expenses During the yeor. no Trustees received onu remunerotlon or other benefits (2023 - £NIL). During the ueor ended 31 December 2024. no Trustee expenses hove been incvrred (2023 - £NIL). Poge 24
Docusign Envelope ID.. 43199E4tK5AB4604-B2D9-26E379826C70 The Notionol Stone Centre (A company Ilmlted by guorontee) Ntstes to the finoncial statements For the yèar ended 310ecember 2024 13. Tongible red assets Freehold property Fixtvres and fittings Exhibition Cost or valuation At l January 2024 394.549 18.286 57.684 Addition5 710 Oisposo15 At 31 December 2024 394.549 18,286 3&394 Depreciation Al l Jonvory 2024 Charge tor the yeor On disposals 201.227 18.296 31.099 10.313 1.892 At 31 December 2024 211.540 18.286 32.991 Net book volve Al 31 December 2024 183.009 5.403 Al 31 December 2023 193,322 6,585 Included in freehold propertu Is freehold land of £64.800 (2023.. £64,800) which is not deprecioted. The freehold land. exhibition hall ond portocoblt) office were revolued on 9 September 2003 bu R Smolley BSC MAICS on behalf of Lambert Smith Hompton. o bvsiness external to Ihe chority. on on open market value for on existing use bosis at £195,000. Poge 25
Docusign Envelope ID- 43299E4E)-C5AN604-B2D9-26E379826C70 The Nationol Stone Centre (A company limlted by guurontee) Notes to the finoncial stotements For the year ended 31 December 2024 Offlce Gront funded eqvipment assets Total 32.908 60.765 544.192 11.318 12.028 (4,950) (4,287> (9.237) 27.958 67.796 546,983 27.996 13,994 292.602 757 14.087 27,029 (2.104) .715) (3.819) 26.629 26.366 31S.812 1,329 41.430 231.171 4.912 46,771 251.590 Poge 26
Doctssign Envelope ID.. 43199E4D£5AW4604S2D9-26E379826C70 The National Stone Centre (A compony limited by guarantee) Notes to the financlal statements For the year ended 31 December 2024 14. Fixèd osset investments Investments in subsidiory companies Cost or voluation At l Jonuory 2024 At 31 December 2024 Net book volue At 31 December 2024 At 31 December 2023 Principal subsldiories rhe following was o sub51diory undertaklng of the Compony.. Nome Company number Registerèd office or principal ploce of bvsiness Principol activity NSC Go Limited 10619675 Notional Stone Centre, Porter Lane, Provision of food and Middleton-By-WSrksworth. beveroges In its cofe Motlock. United Kingdom, DE4 4LS fucilitles and o souvenir giftshop. Class of shores Holdlng Ordinary 100010 The f inonciol results of the subsidlary for the year were: Name Income Expenditure Net ossets NSC Go Limited 244.975 (243.828) 3.520 Poge 27
Docuslgn Envelope ID.. 43l99E4D-C5A846B2D9-2eE37g828C70 The National Stone Centre (A company limited by guarantee) Notes to the finonclol statements For the year Énded 31 December 2024 15. Debtors 2024 2023 Due within one year Trade debtors 2.085 Amount¥ owed by group undertakings Other debtors 540 6.351 5.603 1.559 Prepayments ond occrued income 797 558 9.025 8,468 16. Credltors". Amounts falling due within one yeor 2024 2023 Trode creditors 2,188 1.099 Amounts owed to group undertokings Other toxation ond 50cioI security Other creditors 1.976 477 1.325 25.033 118 Accruols ond deferred incorne 22.975 19.679 53.495 21,375 2024 2023 Deferred income ot l Jonuory 2024 Resources deferred during the year Amounts released from previous periods 47.604 10,887 8,266 42.079 (13.205) (5,362) 42.665 47,604 Included in def erred income Is o copitol gront and course income recelved in relotlon to futvre periods. Page 28
Doc19 Envelope ID.. 43199E4D-c5AU60D9-2fjE379826C7O The Notional Stone Centre (A company limited by guarantee) Notes to the flnonclal stotements For the year ended 51 Oecember 2024 17. Creditors: Amounts falling due after more thon one yeor 2024 2023 Accrvols ond deferred income 27.407 34,619 16. Statement of funds Statement of funds - current year Balance ot 1 Janvary 2024 Balance ot 31 December 2024 Transfers in/out Income Expenditure Vnrestricted f und5 General Funds - oll funds 148.551 51.727 (85.124) 1.695 116.829 Revoluotion reserve 61.828 (1.695) 60.133 210.559 51.727 (85.124) 176.962 Restricted funds Childrens ploy oreo NDEM - Museum of Geology ond Quorrying - Public spec display cabinets 5.83J (496) 5,337 466 056) 530 Quorrying - Collections MODES & pc 26 (26) museums- Storage Equlpment Gront 194 (72) (226) 122 DCC Heating System Grant Tormoc Limlled Londfill Communities Gront 3.559 3.335 282 (282) School Support Fund 1.874 1.874 10.078 2.156 (1,238) 10.996 Total of funds 220,437 53.883 (86.362) 187.958 Poge 29
Docusign ErweFope ID.. 43199E4D45AB4604_B209_26E379826C70 The Notional Stone Centre (A compony Ilmlted by guarantee) Notes to the financial statements For the uear ended 51 December 2024 18. Statement of funds (continved) The specific pvrposes for which the funds ore to be opplied are as follows.. Revoluotion Reserve The revoluallon reserve relotes to the upllft In the property value. Restricted Funds Restricted fvnds relote to ossets held in fixed assets whlch were bought wlth grants or speclflc donotions ond they are being written off over their u5efvl life. School Support Fund The school 5VPPOrt fund relales to the ossisting locol schools with edvcotionol trips to the quarrying locotlon. Poge 30
Doeusign Envelope1Tr 43199E4D-C5AB4604-B2D9-26E379826C70 The National Stone Centre (A company limited by guarantee) Notes to the financiul stotements For the year ended 31 December 2024 18. Statement of funds (continued) Statement of funds- prior year Bolonce ot 1 January 2023 Bolonce oi Transfers 51 December in/out 2023 Income Expenditvre Unrestrlcted funds Unrestricted Income f und 190.284 46,298 (89,746) 1.695 148.531 Revaluation reserve 63.523 (1,695) 61.828 253.807 46,298 (89,746) 210.359 Rèstrirted fvnds Childrens ploy areo MDEM ~ Museum of Geology ond Quorrying - Public spec disploy cobinets 6,329 (496) 5.833 602 (136) 466 Quorrying - Collection5 MODES & pc 61 (35) 26 Veolio - Slgnoge & trall Improvement Nuseums- Storoge Equipment Gront 1.080 (1.080) 266 (72) 194 DCC Neoting System Grant Tormac Limited Landfill Communities Gront 3.785 (226) 3.559 426 (426) 12.123 426 (2.471) 10,078 Total of funds 265.930 46,724 (92.217) 220,437 Page 31
Docusign Envelopè ID.. 43199E4tkC5AB4804-82D9-26E379826C70 The Notlonol Stone Centre (A company limited by guarontee) Notes to the flnancial stotements For the year ended 31 December 2024 19. Analysis of net assets between funds Anolysi$ of net assets between fvnds - current period Unrestricted funds 2024 Restricted fvnds 2024 Totol funds 2024 Tonglble fixed assets Fixed osset investments 180,396 50.775 231.171 Currenl assets 37,688 37.688 Creditors due within one yeor Creditors due in more thon one yeor (41.123) (12.372) (27.407) (53.495) (27.407) Total 176.962 10.996 187.958 Analysis of net assets between funds- prior period Unrestricted fund5 2023 fiestricted f unds 2023 Tolol funds 2023 Tonglble fixed ossets Fixed asset investments 194,739 56.851 251.S90 Current assets 24.838 24.838 Creditors due withln one yeor Creditors due in more thon one yeor 25.400 (46,773) {21,373) (34,619) (34 619) Totol 210.359 10.078 220,437 20. Pension commltments The group operotes a deflned contribution pension scheme The ossets of the scheme ore held separotely from those of the group in on independently odministered func5. The penslon cost chorge represent5 contributions payable by the group to the fvnd and omovnted to £Nil (2023. £Nil). Contributions totolling £NIl (2023." £NIl) were payable to the fund ol the bfjlance sheet date. Poge 32
Docusign Envelope ID: 43199E4C5A84fjl-B2D9-26E379826C7o The Notional Stone Centre (A company limited by guarantee) Notes to the financial stotements For the year ended 31 December 2024 21. Members, liability Each member of the charitoble company undertokes to contribute to the oss&tg of the compony in the event of it being wound up while he/she is a member, or withln one yÈur after he/she ceoses to be a member. such amount os may be requlred, not exceeding £1 for the debts ond liabillties contracted before he/she ceases to be member. 22. Related party transactlons The choritoble company hos taken odvDnlage of the exemption provided in Finonciol Reporting Stondard 102. Section 53 'Reloted Pafly Disclosures.. Di>closure5 need not be given of transoclions entered Into between two or more members of o group, provided that ony svbsidiary which is porty to the transaction is wholly owned by such o member. 23. Controlling Party At 31 December 2024, the immediole ond uliimole parent undertoking is The Institute of Quurrying, o company incorporoted in Englond ond Woles ond registered In Englond and Wales. Copleg of the flnonclal stotements for The Institute of Quarrying can be obtained from its regstered office, Notional Stone Centre Porter Lone, Wirksworth, Motlock, Derbyshire, England, DE4 4LS. Its reolstered compony number 18 00606601 ond chority number is 244812. The directors consider thot The Institute of Quorrying exercises conlrol over Thè Notiunal Stone Centre by virtue of the company being controlled by the some Board members of those on the board of The Institute of Quarruing. The parent vndertoking of the largest ond smallest group to consolidate their finonciul stotements is The Institute of Quorrying. o compony incorporoled in England ond Woles or)d registered in England ond Woles. Copies of these finonciol statements can be obtoined from National Stone Centre Porter Lone, Wirksworth. Matlocl Derbyshire, England, DE4 4LS At 31 December 2024, the Directors considered there to be no ultimtste controlling party of The Institute of QL*arrying. Poge 33