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REGISTERED COMPANY NUMBER: 05305196 (England and Wales)
REGISTERED CHARITY NUMBER: 1109078















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

THE NORTHBOURNE PARK FOUNDATION

THE NORTHBOURNE PARK FOUNDATION






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Balance Sheet 4

Notes to the Financial Statements 5 to 9

THE NORTHBOURNE PARK FOUNDATION (REGISTERED NUMBER: 05305196)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024


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 August 2024. 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Foundation in accordance with its Memorandum of Association are as follows:

-advancement of education in European culture;
-promotion of musical education;
-promotion of recreation;
-promotion of facilities for the disadvantaged;
-promotion of education for the gifted.

Public benefit
The Foundation provides public benefit by donating funds to East Kent Holiday Music in order to support children who would not ordinarily be able to afford to attend the annual music course.

The trustees have had regard to the Charity Commission guidance on public benefit.

FINANCIAL REVIEW
Financial position
The net movement in funds was a surplus £2,685 (2023 surplus £3,796).

Reserves policy
The level of reserves held at the year end was £58,010. The trustees consider this is sufficient to meet future requirements of the charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its Memorandum of Association dated 6th December 2004 and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Induction and training of new trustees
Trustees are recruited largely by personal invitations and word of mouth.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
05305196 (England and Wales)

Registered Charity number
1109078

Registered office
Betteshanger House
Betteshanger
DEAL
Kent
CT14 0NW


THE NORTHBOURNE PARK FOUNDATION (REGISTERED NUMBER: 05305196)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024

Trustees
Dr RHB Sturt
AP Lucas

Bankers
HSBC
9 Rose Lane
Canterbury
Kent CT1 2JP

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 20 May 2025 and signed on its behalf by:





A P Lucas - Trustee

THE NORTHBOURNE PARK FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies - 3,628

Investment income 3 721 716
Total 721 4,344

EXPENDITURE ON


Other 61 62

Net gains/(losses) on investments 2,025 (486 )

NET INCOME 2,685 3,796


RECONCILIATION OF FUNDS
Total funds brought forward 58,010 54,214

TOTAL FUNDS CARRIED FORWARD 60,695 58,010

THE NORTHBOURNE PARK FOUNDATION (REGISTERED NUMBER: 05305196)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Investments 6 26,790 24,765

CURRENT ASSETS
Cash at bank 33,905 33,245

NET CURRENT ASSETS 33,905 33,245

TOTAL ASSETS LESS CURRENT
LIABILITIES

60,695

58,010

NET ASSETS 60,695 58,010
FUNDS 7
Unrestricted funds 60,695 58,010
TOTAL FUNDS 60,695 58,010

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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 charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 20 May 2025 and were signed on its behalf by:





A P Lucas - Trustee

THE NORTHBOURNE PARK FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. GENERAL INFORMATION

The Northbourne Park Foundation is company limited by guarantee registered in England and Wales. The liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information in the Trustees Report. The objects of the charitable company are as follows:

-advancement of education in European culture;
-promotion of musical education;
-promotion of recreation;
-promotion of facilities for the disadvantaged;
-promotion of education for the gifted.

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

2. 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, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

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.

Investment income is earned through holding assets for investment purposes and it includes dividend income.
Investment income is recognised as the charitable company's right to receive payment is established.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

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.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

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.


THE NORTHBOURNE PARK FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in 'net gains / (losses) on investments' in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

3. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 721 716

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 3,628

Investment income 716
Total 4,344

EXPENDITURE ON


Other 62

Net gains/(losses) on investments (486 )

NET INCOME 3,796


RECONCILIATION OF FUNDS
Total funds brought forward 54,214

TOTAL FUNDS CARRIED FORWARD 58,010

THE NORTHBOURNE PARK FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
MARKET VALUE
At 1 September 2023 24,765
Revaluations 2,025
At 31 August 2024 26,790
NET BOOK VALUE
At 31 August 2024 26,790
At 31 August 2023 24,765

There were no investment assets outside the UK.

CCLA Investment Management Limited.-COIF Charities Investment Fund. 1,314 Income units.
There were no investment assets outside the UK.

The units were acquired during the year ended 31st August 2007 at a cost of £15,292.

7. MOVEMENT IN FUNDS
Net
movement At
At 1.9.23 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 58,010 2,685 60,695

TOTAL FUNDS 58,010 2,685 60,695

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 721 (61 ) 2,025 2,685

TOTAL FUNDS 721 (61 ) 2,025 2,685


THE NORTHBOURNE PARK FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.9.22 in funds 31.8.23
£    £    £   
Unrestricted funds
General fund 54,214 3,796 58,010

TOTAL FUNDS 54,214 3,796 58,010

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 4,344 (62 ) (486 ) 3,796

TOTAL FUNDS 4,344 (62 ) (486 ) 3,796

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

Net
movement At
At 1.9.22 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 54,214 6,481 60,695

TOTAL FUNDS 54,214 6,481 60,695

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

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 5,065 (123 ) 1,539 6,481

TOTAL FUNDS 5,065 (123 ) 1,539 6,481


THE NORTHBOURNE PARK FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

8. RELATED PARTY DISCLOSURES

During the year ended 31 August 2023, the Charity received donations of £3,628 from the Charity, East Kent Holiday Music. The trustees, Dr RHB Sturt and Mr AP Lucas are also trustees of this Charity.

9. COMPANY LIMITED BY GUARANTEE

The charitable company is limited by guarantee and as such does not have any share capital. Each member has guaranteed to contribute up to £1 each in the event of the charitable company being wound up.