| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| Nailbourne Community Foundation Limited |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| Nailbourne Community Foundation Limited |
| Nailbourne Community Foundation Limited |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2024 |
| Page |
| Report of the Trustees | 1 | to | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 | to | 8 |
| Nailbourne Community Foundation Limited (Registered number: 10509917) |
| Report of the Trustees |
| for the Year Ended 31 December 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 December 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 Nailbourne Community Foundation was set up for the benefit of local people and community groups. The charitable objects are to advance by the making of grants such charitable purposes (according to the law of England and Wales) as the charity sees fit from time to time in particular but not limited to the advancement or benefit of persons, institutions, societies, foundations, clubs or corporations or other bodies resident, situate or carrying out activities in the parish of Barham Downs, Canterbury or surrounding areas. |
| Public benefit |
| The trustees confirm that they have complied with the duty set out in the Charities Act 2011 to have due regard to the guidance published by the Charity Commission, including public benefit guidance, when reviewing the charities aims and objectives and in planning future activities. |
| ACHIEVEMENTS AND PERFORMANCE |
| Achievements and Performance |
| The charities activities have been advertised in parish publications and local individuals and bodies invited to apply for grant funding. During the year grants were given to Barham Pre School and Denton Village Hall. |
| FINANCIAL REVIEW |
| Financial Review |
| Total incoming resources amounted to £2,358, with total outgoing resources amounting to £921. |
| Reserves policy |
| At 31 December 2024 the charitable company reserves on Unrestricted Funds amounted to £4,969. |
| The Trustees have adopted a policy of retaining sufficient funds to cover grants awarded plus £1,000 to cover other expenses. |
| 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. |
| Organisation and decision making |
| Membership of the charity is open to any individual or organisation interested in promoting the objects of the charitable company, subject to approval by the Trustees. |
| The Trustees have control of the charity, its property and funds. The charitable company shall have at least 2, but no more than 10 Trustees. One third of the Trustees must retire by rotation st the charitable company's Annual General Meeting although they are eligible for re-election. |
| Trustees may co-opt any duly qualified individual to the Trustee body but any such appointment is subject to approval at the next Annual General Meeting. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Nailbourne Community Foundation Limited (Registered number: 10509917) |
| Report of the Trustees |
| for the Year Ended 31 December 2024 |
| Registered office |
| Trustees |
| Approved by order of the board of trustees on |
| Nailbourne Community Foundation Limited |
| Statement of Financial Activities |
| for the Year Ended 31 December 2024 |
| 2024 | 2023 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities |
| Total |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 3,532 |
| Nailbourne Community Foundation Limited (Registered number: 10509917) |
| Balance Sheet |
| 31 December 2024 |
| 2024 | 2023 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| CURRENT ASSETS |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | 4 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 5 |
| Unrestricted funds | 3,532 |
| TOTAL FUNDS | 3,532 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 |
| Nailbourne Community Foundation Limited |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2024 |
| 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. |
| Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
| 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. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. |
| Nailbourne Community Foundation Limited |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 3. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted |
| fund |
| £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies |
| EXPENDITURE ON |
| Raising funds |
| Charitable activities |
| Total |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 3,532 |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Accrued expenses |
| 5. | MOVEMENT IN FUNDS |
| Net |
| movement | At |
| At 1.1.24 | in funds | 31.12.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 3,532 | 1,437 | 4,969 |
| TOTAL FUNDS | 1,437 | 4,969 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 2,358 | (921 | ) | 1,437 |
| TOTAL FUNDS | ( |
) | 1,437 |
| Nailbourne Community Foundation Limited |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 5. | MOVEMENT IN FUNDS - continued |
| Comparatives for movement in funds |
| Net |
| movement | At |
| At 1.1.23 | in funds | 31.12.23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 2,476 | 1,056 | 3,532 |
| TOTAL FUNDS | 2,476 | 1,056 | 3,532 |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 1,143 | (87 | ) | 1,056 |
| TOTAL FUNDS | 1,143 | (87 | ) | 1,056 |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1.1.23 | in funds | 31.12.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 2,476 | 2,493 | 4,969 |
| TOTAL FUNDS | 2,476 | 2,493 | 4,969 |
| 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 | 3,501 | (1,008 | ) | 2,493 |
| TOTAL FUNDS | 3,501 | (1,008 | ) | 2,493 |
| Nailbourne Community Foundation Limited |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 6. | RELATED PARTY DISCLOSURES |