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REGISTERED COMPANY NUMBER: 09635465 (England and Wales)

REGISTERED CHARITY NUMBER: 1164698













Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 July 2023

for


National Land Based College



National Land Based College








Contents of the Financial Statements

for the Year Ended 31 July 2023






Page




Report of the Trustees  

1




Independent Examiner's Report  

2




Statement of Financial Activities  

3




Balance Sheet  

4




Notes to the Financial Statements  

5


to


9



National Land Based College (Registered number: 09635465)



Report of the Trustees

for the Year Ended 31 July 2023



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).


STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.


REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

09635465 (England and Wales)


Registered Charity number

1164698


Registered office

University Of Northampton Innovation

Centre

Green Street

Northampton

Northamptonshire

NN1 1SY


Trustees

R W Longthorp OBE

C J F Matts

R Marchant (resigned 5.1.23)

M Clinton

D V Phillips

S J Gadd

Mrs A I Payne

Mrs J E Milburn

Dr T M Upson (appointed 5.1.23)


Independent Examiner

Kilby Fox

Chartered Accountants

4 Pavilion Court

600 Pavilion Drive

Northampton Business Park

Northampton

Northamptonshire

NN4 7SL


Approved by order of the board of trustees on 6 February 2024 and signed on its behalf by:






C J F Matts - Trustee


Independent Examiner's Report to the Trustees of

National Land Based College


Independent examiner's report to the trustees of National Land Based College ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2023.


Responsibilities and basis of report

As the charity's trustees of the Company (and also 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 2006 ('the 2006 Act').


Having satisfied myself 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 your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.


Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:


1.

accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.

the accounts do not accord with those records; or

3.

the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

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 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).


I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.









Frances Tebbutt ACA FCCA FMAAT


Kilby Fox

Chartered Accountants

4 Pavilion Court

600 Pavilion Drive

Northampton Business Park

Northampton

Northamptonshire

NN4 7SL


Date: .............................................



National Land Based College



Statement of Financial Activities

for the Year Ended 31 July 2023



2023


2022


Unrestricted


Total


fund


funds


Notes

£   

£   


INCOME AND ENDOWMENTS FROM


Other trading activities

2

48,271


49,001



EXPENDITURE ON

Raising funds

3

56,944


57,341




NET INCOME/(EXPENDITURE)

(8,673

)

(8,340

)



RECONCILIATION OF FUNDS

Total funds brought forward

147,717


156,057



TOTAL FUNDS CARRIED FORWARD

139,044


147,717




National Land Based College (Registered number: 09635465)



Balance Sheet

31 July 2023



2023


2022


Unrestricted


Total


fund


funds


Notes

£   

£   


CURRENT ASSETS


Debtors

8

105


49,105


Cash at bank

143,687


117,330


143,792


166,435



CREDITORS


Amounts falling due within one year

9

(4,748

)

(18,718

)


NET CURRENT ASSETS

139,044


147,717



TOTAL ASSETS LESS CURRENT

LIABILITIES

139,044


147,717



NET ASSETS

139,044


147,717


FUNDS

10

Unrestricted funds

139,044


147,717


TOTAL FUNDS

139,044


147,717



The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to small charitable companies subject to the small companies regime.



The financial statements were approved by the Board of Trustees and authorised for issue on 6 February 2024 and were signed on its behalf by:






C J F Matts - Trustee



National Land Based College



Notes to the Financial Statements

for the Year Ended 31 July 2023


1.

ACCOUNTING POLICIES



Basis of preparing the financial statements


The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.



Income


All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.



Expenditure


Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.



Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Computer equipment

-

33.3% on cost



Taxation

The charity is exempt from corporation tax on its charitable activities.


Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.

OTHER TRADING ACTIVITIES


2023


2022

£   

£   



C & G JSA Income

31,271


38,001




Project funding

17,000


11,000



48,271


49,001






National Land Based College



Notes to the Financial Statements - continued

for the Year Ended 31 July 2023


3.

RAISING FUNDS



Raising donations and legacies


2023


2022

£   

£   



Support costs

4,544


4,901




4.

TRUSTEES' REMUNERATION AND BENEFITS


There were no trustees' remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022.



Trustees' expenses



Expenses totalling £Nil were paid to 0 trustees during the year ended 31st July 2023 (2022: £Nil).


5.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES


Unrestricted


fund

£   



INCOME AND ENDOWMENTS FROM



Other trading activities

49,001




EXPENDITURE ON


Raising funds

57,341





NET INCOME/(EXPENDITURE)

(8,340

)




RECONCILIATION OF FUNDS


Total funds brought forward

156,057




TOTAL FUNDS CARRIED FORWARD

147,717



6.

INTANGIBLE FIXED ASSETS


Website

£   



COST


At 1 August 2022 and 31 July 2023

12,014




AMORTISATION


At 1 August 2022 and 31 July 2023

12,014




NET BOOK VALUE


At 31 July 2023

-




At 31 July 2022

-





National Land Based College



Notes to the Financial Statements - continued

for the Year Ended 31 July 2023


7.

TANGIBLE FIXED ASSETS


Computer


equipment

£   



COST


At 1 August 2022 and 31 July 2023

6,820




DEPRECIATION


At 1 August 2022 and 31 July 2023

6,820




NET BOOK VALUE


At 31 July 2023

-




At 31 July 2022

-




8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022


£   

£   



Trade debtors

105


49,105




9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022


£   

£   



Trade creditors

4,748


18,718




10.

MOVEMENT IN FUNDS


Net




movement


At



At 1.8.22


in funds


31.7.23


£   

£   

£   



Unrestricted funds


General fund

147,717


(8,673

)

139,044





TOTAL FUNDS

147,717


(8,673

)

139,044





Net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

48,271


(56,944

)

(8,673

)




TOTAL FUNDS

48,271


(56,944

)

(8,673

)





National Land Based College



Notes to the Financial Statements - continued

for the Year Ended 31 July 2023


10.

MOVEMENT IN FUNDS - continued



Comparatives for movement in funds



Net




movement


At



At 1.8.21


in funds


31.7.22


£   

£   

£   



Unrestricted funds


General fund

156,057


(8,340

)

147,717





TOTAL FUNDS

156,057


(8,340

)

147,717





Comparative net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

49,001


(57,341

)

(8,340

)




TOTAL FUNDS

49,001


(57,341

)

(8,340

)




A current year 12 months and prior year 12 months combined position is as follows:



Net




movement


At



At 1.8.21


in funds


31.7.23


£   

£   

£   



Unrestricted funds


General fund

156,057


(17,013

)

139,044





TOTAL FUNDS

156,057


(17,013

)

139,044





A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:



Incoming


Resources


Movement



resources


expended


in funds


£   

£   

£   



Unrestricted funds


General fund

97,272


(114,285

)

(17,013

)




TOTAL FUNDS

97,272


(114,285

)

(17,013

)





National Land Based College



Notes to the Financial Statements - continued

for the Year Ended 31 July 2023


11.

RELATED PARTY DISCLOSURES



There were no related party transactions for the year ended 31 July 2023.