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.. 43199E4￿CSA￿04-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

0￿USi9￿ 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-c5A￿S04-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.. 43l99E4LkC5A￿6o4.￿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..
￿￿È3￿A￿S￿l042s
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

DO￿SigN 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-B2D￿2fjE379826c70
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 r￿ed 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-C5A846￿B2D9-2eE37g828C70
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

Doc￿19￿ Envelope ID.. 43199E4D-c5AU60￿D9-2fjE379826C7O
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: 43199E4￿C5A84fjl￿-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 reg￿stered 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