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REGISTERED NUMBER: 06996004 (England and Wales)



















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE NATIONAL FEDERATION OF OCCUPATIONAL
PENSIONERS

THE NATIONAL FEDERATION OF OCCUPATIONAL
PENSIONERS (REGISTERED NUMBER: 06996004)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE NATIONAL FEDERATION OF OCCUPATIONAL
PENSIONERS

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2024







DIRECTORS: Mr P F Hands
Mr S J Turner
Mr A K Agrawal
Mr J F Hearn
Mr V Jeffries
Miss S Kassamally
Mrs D J Lee
Mr J D Nelson





SECRETARY: Mr E M Donaghy





REGISTERED OFFICE: Unit 6, Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 06996004 (England and Wales)





AUDITORS: FKCA Limited
Statutory Auditor
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

THE NATIONAL FEDERATION OF OCCUPATIONAL
PENSIONERS (REGISTERED NUMBER: 06996004)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 21 21
21 21

CURRENT ASSETS
Debtors 6 1,122,408 994,876
Cash at bank 349,685 371,030
1,472,093 1,365,906
CREDITORS
Amounts falling due within one year 7 74,060 50,802
NET CURRENT ASSETS 1,398,033 1,315,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,398,054

1,315,125

RESERVES
General reserve 998,602 998,602
Members guarantee reserve 9 32,791 34,616
Branch support reserve 20,000 20,000
Recruitment and development
reserve 9 43,407 43,407
Income and expenditure account 303,254 218,500
1,398,054 1,315,125

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 February 2025 and were signed on its behalf by:





Mr P F Hands - Director


THE NATIONAL FEDERATION OF OCCUPATIONAL
PENSIONERS (REGISTERED NUMBER: 06996004)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2024

1. STATUTORY INFORMATION

The National Federation of Occupational Pensioners is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about The National Federation of Occupational Pensioners as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Subscription income is recognised as received and represents members subscriptions and subscriptions collected for branches.

Rental, magazine income and investment income is recognised on an accruals basis.

Donations and legacies are recognised on a receivable basis where there is certainty of receipt and the amount can be reliably measured.

All sources of income are stated at net of VAT and any sales tax where applicable.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

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

Computer equipment - Straight line over 1 to 3 years

Fixed assets costing more than £2,000 are capitalised and included at historical cost in the financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

THE NATIONAL FEDERATION OF OCCUPATIONAL
PENSIONERS (REGISTERED NUMBER: 06996004)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the company 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 reliably measured.

Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024
and 31 December 2024 80,951
DEPRECIATION
At 1 January 2024
and 31 December 2024 80,951
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 21
NET BOOK VALUE
At 31 December 2024 21
At 31 December 2023 21

THE NATIONAL FEDERATION OF OCCUPATIONAL
PENSIONERS (REGISTERED NUMBER: 06996004)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

NFOP Management Limited
Registered office: Unit 6, Imperial Court, Laporte Way, Luton, Bedfordshire, LU4 8FE
Nature of business: Rental company
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves (200,898 ) (200,911 )
Profit for the year 16 309

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 20,299 356
Other debtors 500 500
NFOP Management Limited loan 932,537 932,537
VAT 19,880 1,000
Prepayments and accrued income 138,064 60,483
1,111,280 994,876

Amounts falling due after more than one year:
Prepayments and accrued income 11,128 -

Aggregate amounts 1,122,408 994,876

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 56,203 42,719
Corporation tax 2,607 1,232
Taxation and social security 4,872 -
Other creditors 8,278 6,651
Accrued expenses 2,100 200
74,060 50,802

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 5,037 4,261
Between one and five years 6,507 4,508
11,544 8,769

THE NATIONAL FEDERATION OF OCCUPATIONAL
PENSIONERS (REGISTERED NUMBER: 06996004)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024

9. RESERVES

Recruitment
MembersBranchand
guaranteesupportdevelopment
reservereservereserveTotals
££££
At 1 January 202434,61620,00043,40798,023
Transfers(1,825)--(1,825)
At 31 December 202432,79120,00043,40796,198

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Miss Tara Aldwin ACA (Senior Statutory Auditor)
for and on behalf of FKCA Limited

11. RELATED PARTY DISCLOSURES

The National Federation of Occupational Pensioners Welfare Fund (connected charity)
During the year a donation of services was made to a connected charity, The National Federation of Occupational Pensioners Welfare Fund (charity number 1053576) totalling £5,000 (2023: £5,000).

NFOP Management Limited (Subsidiary Company)
During the year the subsidiary company charged rent and service charges to the company of £48,150 (2023: £45,000). At the year end the company owed the subsidiary company £12,780 (2023: £6,000) which is included in trade creditors. At the year end the subsidiary company also owed the company £932,537 (2023: £932,537). This is an interest free loan with no fixed date of repayment and is repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Executive Committee. All elected members of the Executive Committee are Directors.