Charity registration number 1119178
Company registration number 05910579 (England and Wales)
THE NASEBY BATTLEFIELD PROJECT
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
THE NASEBY BATTLEFIELD PROJECT
LEGAL AND ADMINISTRATIVE INFORMATION
Patrons
The Rt. Hon. The Earl Spencer DL
Sir Richard Rowley Bt
Lord Charles FitzRoy
James Lowther
The Hon. Hugh Fairfax
Professor Andrew Hopper
Trustees
M Linnell
D Boulton
S Howat
R A Sales
D R Orme
Charity number
1119178
Company number
05910579
Registered office
167 London Road
Leicester
LE2 1EG
Independent examiner
Philip John Dymond FCCA
Cheyettes Ltd
167 London Road
Leicester
LE2 1EG
THE NASEBY BATTLEFIELD PROJECT
CONTENTS
Page
Trustees' report
1 - 3
Independent examiner's report
4
Statement of financial activities
5
Balance sheet
6
Notes to the financial statements
7 - 12
THE NASEBY BATTLEFIELD PROJECT
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
- 1 -

The trustees present their annual report and financial statements for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "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)".

Objectives and activities

The charity's objects, as laid down in its Memorandum and Articles of Association, are to educate the public at large concerning the history and rural life in England during the seventeenth century in general and during the period of the English Civil War in particular, in their military, historical, religious, cultural and social aspects; and to promote the preservation and interpretation of the site of the Battle of Naseby which took place on 14th June 1645, and sites relating to the military manoeuvres preceding and subsequent to the same, and to preserve the archaeological features and ecology of the sites as an educational resource.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

 

1. Tours and events

 

NBP continued to develop and expand its battlefield tours. Within this financial year a total of 23 tours, events and visits were conducted, which involved visiting primary schools and Scouts and Cadets in Northamptonshire involving 120 children and 20 veterans from the Veterans Community Network.

 

The NBP continues to expand its education programmes for schools, military personnel and other local organisations such as the scouts and the Army Cadet Force.

2. Viewing platform improvements

 

Investment continued within this financial year to upgrade its viewing platforms at its battlefield sites with the completion of the repairs and refurbishment to the Fairfax and Rupert viewpoints to continue its objective of ensuring they are safe and provide a better viewing perspective.

 

3. New initiatives

 

The Memorandum and Articles of Association of The Naseby Battlefield Project provides the power for the Board of Trustees to set up SiG’s (Special interest Groups) to achieve the objectives of the charity. Six SiG’s have been established as follows:

Audience, Battlefield, Marketing & PR, Education & Content, Tours & Events and Finance & Governance.

 

The commissioning of a London Advertising Agency, who donated their work to the charity, to write our new narrative and make us famous resulted in a successful launch of our new website. This has enabled the NBP to enhance its effectiveness in communicating the battle and why it matters to our heritage, through more extensive content and podcasts. Visitors to this site can also book tours subscribe to mailing list to be notified of new programmes and make donations and volunteer.

 

THE NASEBY BATTLEFIELD PROJECT
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -

4. Educational and youth organisation initiatives

 

The NBP continues to develop its educational offering for primary schools to A-level history departments. The NBP has become a member of the Civil War Educators Network. for and promotional material through its tour maps, promotional leaflets and posters.

 

NBP conducted two on site talks and demonstrations to the Northamptonshire Scouts and Cubs. We have also conducted a special tour for the Northamptonshire Cadets.

 

Financial review

Total income during the year was £10,780 (2023 - £10,701 all of which was unrestricted. Total expenditure amounted to £18,026 (2023- £13,204) all of which related to unrestricted funds (2023 - restricted expenditure £4,660). At the end of the year the charity held unrestricted funds of £9,939 (2023 - £17,185) and restricted funds of £9,091 (2023 - £9,091). Total funds were therefore £19,030 (2023 - £26,276).

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months of operating expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.

At 31st March 2024 the unrestricted funds exceeded the target range.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is a company limited by guarantee with no share capital and is governed by it's Memorandum and Articles of Association dated 18th August 2006. In the event of winding up, the members of the charity guarantee to contribute up to £10 towards the cost of dissolution and liabilities incurred whilst they were members.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

M Linnell
D Boulton
S Howat
J E Courtney-Thompson
(Resigned 31 August 2023)
R A Sales
D R Orme

The charity must have a minimum of three and a maximum of twenty trustees at any one time, all of whom must be members of the Naseby Battlefield Project.

 

One third (or the nearest one third) of the trustees must retire at each AGM, those longest in office retiring first and the choice between any of equal service being made by drawing lots or asking for volunteers. There is no restriction on the number of terms a trustee may serve for, nor on the period that each trustee may act as an officer of the charity (Chairman or Deputy Chairman).

THE NASEBY BATTLEFIELD PROJECT
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -

Members are invited annually to put themselves forward for appointment to the Board at the Annual General Meeting of the charity and where there are more candidates than places available, an election is held.

 

On appointment to the Board, all new trustees are briefed by the Chairman who provides them with information on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision making processes, the business plan and recent financial performance of the charity. The briefing is tailored to their particular experience and knowledge of the project. All trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

The Board normally meets at least six times a year and has co-opted help in educational and financial management issues. The charity has no paid employees but the Company Secretary, who is self employed, provides bookkeeping and secretarial services under a contract of services.

This Report has been prepared having taken advantage of the small companies exemption in the Companies Act 2006 and was approved by the Board of Trustees.

M Linnell
Trustee
Dated: 16 September 2024
THE NASEBY BATTLEFIELD PROJECT
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE NASEBY BATTLEFIELD PROJECT
- 4 -

I report to the trustees on my examination of the financial statements of The Naseby Battlefield Project (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 that in any material respect:

1

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

2

the financial statements do not accord with those records; or

3

the financial statements 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 financial statements 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 financial statements to be reached.

Philip John Dymond FCCA
Cheyettes Ltd
167 London Road
Leicester
LE2 1EG
Dated: 20 September 2024
THE NASEBY BATTLEFIELD PROJECT
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
2
10,780
-
10,780
10,701
-
10,701
Total income
10,780
-
10,780
10,701
-
10,701
Expenditure on:
Charitable activities
3
18,026
-
18,026
8,544
4,660
13,204
Total expenditure
18,026
-
18,026
8,544
4,660
13,204
Net expenditure
(7,246)
-
(7,246)
2,157
(4,660)
(2,503)
Transfers between funds
-
-
-
5,300
(5,300)
-
Net movement in funds
(7,246)
-
(7,246)
7,457
(9,960)
(2,503)
Reconciliation of funds:
Fund balances at 1 April 2023
17,185
9,091
26,276
9,728
19,051
28,779
Fund balances at 31 March 2024
9,939
9,091
19,030
17,185
9,091
26,276

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

THE NASEBY BATTLEFIELD PROJECT
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 6 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
7
376
276
Cash at bank and in hand
19,318
26,636
19,694
26,912
Creditors: amounts falling due within one year
8
(664)
(636)
Net current assets
19,030
26,276
Net assets
19,030
26,276
The funds of the charity
Restricted income funds
9
9,091
9,091
Unrestricted funds
9,939
17,185
19,030
26,276

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024.

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the trustees on 16 September 2024
M Linnell
Trustee
Company registration number 05910579 (England and Wales)
THE NASEBY BATTLEFIELD PROJECT
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
1
Accounting policies
Charity information

The Naseby Battlefield Project is a private company limited by guarantee incorporated in England and Wales. The registered office is 167 London Road, Leicester, LE2 1EG.

1.1
Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

 

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4
Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5
Expenditure

Expenditure is included in the financial statements on an accruals basis, inclusive of any VAT which cannot be recovered.

The costs of raising funds comprise those costs associated with attracting voluntary income.

THE NASEBY BATTLEFIELD PROJECT
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 8 -

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services. It includes both costs that can be allocated directly to such activities and those of an indirect nature necessary to support them.

1.6
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.8
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

THE NASEBY BATTLEFIELD PROJECT
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 9 -
2
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Donations and gifts
10,780
10,701
Donations and gifts
Other
10,780
10,701
10,780
10,701
3
Charitable activities
2024
2023
£
£

Direct expenditure

-
8,981

Repairs and maintenance

5,281
1,339

Legal, professional and consultancy

826
-

Independent examination

664
636

Insurance

1,502
1,539

Office expenses

9,148
239

General expenses

605
470
18,026
13,204
18,026
13,204
Analysis by fund
Unrestricted funds
18,026
8,544
Restricted funds
-
4,660
4
Trustees

None of the trustees (or any persons connected with them) received any remuneration, benefits or reimbursement of expenses from the charity during the year.

THE NASEBY BATTLEFIELD PROJECT
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 10 -
5
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Trustee directors
5
5
There were no employees whose annual remuneration was more than £60,000.
6
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
376
276
8
Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
664
636
THE NASEBY BATTLEFIELD PROJECT
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 11 -
9
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

Movement in funds
Balance at
1 April 2022
Resources expended
Transfers
Balance at
1 April 2023
Incoming resources
Balance at
31 March 2024
£
£
£
£
£
£
Learning Links
91
-
-
91
-
91
Heritage Meeting Point Fund
4,960
(4,660)
(300)
-
-
-
Harborough District Council
9,000
-
-
9,000
-
9,000
Heritage Compass
5,000
-
(5,000)
-
-
-
19,051
(4,660)
(5,300)
9,091
-
9,091

Learning Links - funds provided for e-learning projects, specifically audio guides to the Naseby Battlefield for school children and for blind and partially sighted users.

 

Arts & Heritage Meeting Point Fund - a commissioned artist, who created a piece of work which will assist in promoting the Naseby Battle through words and songs at schools and other various venues.

 

Harborough District Council - a secured grant to support the creation of 6 new information panels at specific Naseby Battlefield sites and the printing of new information leaflets.

 

Heritage Compass - funds provided for Trustee training and consultancy in marketing and revenue generation.

 

The above transfers relate to settlement with the artists as a result of the Panegyric Performance and delivery of trustee training and consultancy.

10
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April 2023
Incoming resources
Resources expended
Transfers
At 31 March 2024
£
£
£
£
£
General funds
17,185
10,780
(18,026)
-
9,939
Previous year:
At 1 April 2022
Incoming resources
Resources expended
Transfers
At 31 March 2023
£
£
£
£
£
General funds
9,728
10,701
(8,544)
5,300
17,185
THE NASEBY BATTLEFIELD PROJECT
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 12 -
11
Analysis of net assets between funds
Unrestricted funds
Restricted funds
Total
Unrestricted funds
Restricted funds
Total
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Fund balances at 31 March 2024 are represented by:
Current assets/(liabilities)
9,939
9,091
19,030
17,185
9,091
26,276
9,939
9,091
19,030
17,185
9,091
26,276
12
Operating lease commitments

The charity is committed under the terms of two leases over land on which two viewing platforms have been built forming part of the Battlefield Trail. The leases each provide for a peppercorn rent (if demanded) and require, amongst other things, that the charity should repair, maintain and keep clean and tidy the sites. The inception and terms of the leases are as follows:

 

Sir Thomas Fairfax Viewpoint: inception 20 April 2007; term 99 years;

Prince Rupert's Viewpoint: inception 17 July 2007; term 30 years.

13
Related party transactions
Transactions with related parties

During the year the charity entered into the following transactions with related parties:

During the year, total donations and other income received from various trustees amounted to the sum of £222 (2023 - £393).

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