Charity registration number 1087865 (England and Wales)
Company registration number 04165317
NATIONAL PORTAGE ASSOCIATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
NATIONAL PORTAGE ASSOCIATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mrs J Rickman
Mrs T Harvey
Ms M Nouwens
Mrs R Deacon
Mrs P Fry
Mrs J Heath
Mrs J Chapman
Ms V Mistry
Ms L Williams
(Appointed 13 November 2024)
Miss S Worlidge
(Appointed 13 November 2024)
Secretary
Mrs J Rickman
Charity number (England and Wales)
1087865
Company number
04165317
Principal address
Kings Court
17 School Road
Hall Green
Birmingham
B28 8JG
Registered office
Kings Court
17 School Road
Hall Green
Birmingham
B28 8JG
Independent examiner
Griffiths Marshall
4th Floor
Llanthony Warehouse
The Docks
Gloucester
Gloucestershire
GL1 2EH
NATIONAL PORTAGE ASSOCIATION
CONTENTS
Page
Trustees report
1 - 6
Independent examiner's report
7
Statement of financial activities
8
Balance sheet
9
Notes to the financial statements
10 - 20
NATIONAL PORTAGE ASSOCIATION
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The Trustees present their annual report and financial statements for the year ended 31 March 2025.

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 governing document, 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).

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on the 21 February 2001 and registered as a charity on the 6 August 2001. It was established under a Memorandum of Association, which established the objects of the charitable company and is governed under its Articles of Association. Under those articles:

 

Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of such guarantors at 31st March 2025 was 530 (2024 - 504).

 

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:

 

Mrs J Rickman

Mrs T Harvey

Ms M Nouwens

Mrs R Deacon

Mrs P Fry

Mrs J Heath

Mrs J Chapman

Ms V Mistry                

Ms L Williams                (Appointed 13 November 2024)

Miss S Worlidge                (Appointed 13 November 2024)

 

Organisational Structure

The NPA has a Board of Trustees that undertakes to manage the business of the Association. The Trustees are representatives elected from the membership of the National Portage Association. The Chair is responsible for the day to day management of the Association, in liaison with the Office Manager

 

At Board level, elected officers are drawn from members who may be parents/​carers and practitioners directly involved in Portage Services.

 

Board members fulfil their role in a voluntary capacity. Some aspects of the work are carried out by a small number of staff employed directly by or contracted by the NPA.

 

The Board is composed of 10 Trustees (2024 - 8).

 

The elected Board of Trustees comprises:

 

NATIONAL PORTAGE ASSOCIATION
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

Trustees are also Directors of the Company.

 

Others in attendance at Board meetings at any time may include Regional Project Managers, the Conference Coordinator and the Office Manager.

 

The members of the Board are elected as follows:

 

 

 

 

Trustee Induction

New trustees undergo two orientation sessions one with the Chairperson to receive their induction pack and to be briefed on the committee and decision making process. The second session is with the Treasurer and Company Secretary to receive information on their legal obligations under charity and company law as well as internal financial processes. Trustees receive individual support from outgoing post holders. They are encouraged to attend appropriate training events where this will facilitate the understanding of their role.

Objectives and activities

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

 

The Charity's policy is to consult and discuss with employees, through unions, staff councils and at meetings, matters likely to affect employees' interests.

 

Information of matters of concern to employees is given through information bulletins and reports which seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the group's performance.

 

Applications for employment by disabled persons are always fully considered, bearing in mind the aptitudes of the applicant concerned. In the event of members of staff becoming disabled, every effort is made to ensure that their employment within the Charity continues and that the appropriate training is arranged. It is the policy of the Charity that the training, career development and promotion of disabled persons should, as far as possible, be identical to that of other employees.

Financial review

The statement of financial activities shows that the total assets less current liabilities of the charity at 31st March 2025 stood at £221,733 (2024 - £204,417). Total incoming resources over the financial year were £89,024 (2024 - £92,866) and the total resources expended were £71,708 (2024 - £75,896). The result was a surplus of £17,316 for the year to 31 March 2025 (2024 - £16,970).

 

Income:

Our income this year was slightly lower than last year but higher than budgeted. The main sources of income this year were Memberships, Service Registrations and the Development Day. This year the Service Registrations brought in significantly more than we had budgeted (£17,769 versus £12,000 budgeted) as did income from Accredited and Trainee Trainers (£3,900 versus £1,500). However the Development Day brought in less income than expected (£13,937 versus ££16,000 budgeted) and income from Open Awards was also significantly lower than expected (£1,386 versus £3,000), Furthermore the income from Mentoring fell short against budget (£3,000 against £5,000 budgeted).

NATIONAL PORTAGE ASSOCIATION
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

Expenditure:

This year our overall expenditure has been lower than budgeted due to small discrepancies across several expense categories. The main savings were made on Open Awards (£1,386 versus £3,000 budgeted) and Trainer Fees (£3,166 versus £5,000 budgeted). Despite a rise in the Minimum Living Wage and National Insurance costs the spend on salaries remained under budget due to changes in office staff. However, we have seen an increase in the number of Boards Trustees and this has increased travel expenses and costs for overnight stays around Development Day, which both ended up above budget.

 

Reserves policy

The Trustees follow an established policy. Designated funds have been set up to ensure that each area of work has sufficient funds set aside to ensure the smooth running of each activity. The value of each fund is assessed annually to determine whether it is at an appropriate level and transfers made where necessary. The cost of planned work and the potential liability determines the level of each designated fund.

The unrestricted funds (the general reserve and the designated funds, excluding those invested in tangible fixed assets and stock) should be between 3 and 6 months of resources expended. The unrestricted funds stand at £207,817; budgeted expenditure for the year to 31 March 2026 is £80,501 and therefore the required reserves are between £12,374 to £24,748 for 25/26 as of 31 March 2025.

Investment policy

The present policy of the Trustees is to hold all funds in short-term interest-bearing accounts, having regard to the reserves policy and the liquidity requirements of the NPA. The board has received advice that it would be unwise to start to invest in longer term savings accounts at a time when cash flow requires careful oversight and management

Planning for the Future

The NPA is focusing on core activities in their Business Plan:

· To improve outcomes for children with SEND by supporting parents and carers.

· To develop sustainable income streams.

· To develop and maintain Portage training packages.

· To support members’ services and settings to provide a high-quality level of service delivery.

The Portage Workshop and one day workshops are being used to form the basis of a commercial programme that it is hoped will provide the Association with a sustainable revenue stream. We are also looking into investing into the development of shorter training sessions which could become and additional income source. Further investment will be required for the development of a new NPA website.

Where possible and appropriate, funding will be requested from grant making trusts, although competition for such funding is fierce in the current economic climate. We are also looking into fundraising opportunities, which might require some financial investment initially, but which might in turn become another income stream

Approved by the Trustees on .................. and signed on their behalf by:

 

 

 

 

 

Margje Nouwens, Treasurer

NATIONAL PORTAGE ASSOCIATION
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -

Chair’s Report

This report provides an overview of the National Portage Association's (NPA) activities and achievements from April 2024 to March 2025. The NPA, a national charity, functions as an umbrella organisation dedicated to ensuring high-quality support for Early Years children with Special Educational Needs and Disabilities (SEND) and their families. This is achieved through the registration of services via a graded criterion, the provision and monitoring of high-quality training for Portage and Early Years Practitioners, and the administration of a Stamp of Approval Scheme for Early Years Settings that demonstrate adherence to Portage Principles in supporting all children, particularly those with SEND.

The NPA is governed by a Board of Trustees, elected from the membership, who oversee the Association's business. The Chair is responsible for the day-to-day management of the Association, working in conjunction with the Office Manager. All Board members serve in a voluntary capacity, with certain aspects of the work being undertaken by a small team of employed or contracted staff

The NPA's core objectives are realised through:

 

 

 

 

 

 

 

The Board of Trustees consistently works to ensure these aims are met in ways that reflect current best practices and evolving thought.

Business Plan

The NPA operates on a three-year Business Plan, outlining its strategic intentions. The 2023-2026 Business Plan comprises fourteen objectives, each with specific aims:

 

 

 

 

 

 

 

 

NATIONAL PORTAGE ASSOCIATION
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -

 

 

 

 

 

Several aims within these objectives are currently being implemented, with many others in progress. The Plan undergoes an annual review.

Training

The revised Portage Workshop materials continue to be delivered effectively and have been positively received. Attendance at these workshops, delivered by accredited trainers, remains high, with a total of 58 validations this year (2024/25). Participant feedback on workshops and trainers is consistently collected for quality assurance purposes.

Overall workshop attendance remains strong, with 42 validations, one mentorship, and four workshops commissioned by local authorities from the NPA.

1 student have enrolled in the Level 3 Open Awards course. This qualification is designed to deepen understanding of Portage Principles, encourage reflective practice, and embed these principles in professional work. Maintaining standards and ensuring quality are key elements. The course is suitable for individuals who have completed the Portage Workshop, including parents, carers, and Early Years Practitioners, and is completed under mentor supervision. While current enrolment numbers are low, expansion and promotion of this programme are key components of our business strategy.

IT Infrastructure and Website

The redevelopment of the website is an ongoing project. Reviews of quotes for rebuilding and redesigning the current website are in progress, aiming to enhance user-friendliness, accessibility, and modernisation.

Service Registration and Membership

Service registration and membership renewal for this financial year were conducted in October. Renewal rates for both remain constant.

Development Day

The Development Day, held in March 2025, featured a diverse range of informative seminars, including:

A keynote speech delivered by Joel Wilson focused on the evidence and impact of Portage interventions, specifically highlighting Parental Self-Efficacy. Feedback was overwhelmingly positive, with many services noting strategies for improving their evaluation and impact outcomes. Mr. Wilson is currently leading a project with Manchester University to further evidence the impact of Portage in early years and on parental self-efficacy through a UK-wide evaluation.

The Board extends its gratitude to the staff at the Priory Rooms for their excellent support, which contributed significantly to the smooth execution of the day.

NATIONAL PORTAGE ASSOCIATION
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -

Virtual Meetings

Virtual meetings for Members, Managers, and Accredited Trainers continue to be well attended, providing valuable opportunities for information sharing, experience exchange, and professional networking.

Social Media

The NPA's social media presence has significantly increased over the past year, largely due to the appointment of a new Social Media Trustee to the Board. Further efforts are underway to expand reach and engagement across the NPA's social media platforms.

Membership, Registered Services and Stamp of Approval.

 

 

2023

2024

2025

 

 

 

 

Individual members

518

504

535

 

 

 

 

Registered Services

96

98

100

 

 

 

 

Stamp of Approval

29

26

28

 

 

 

 

Individual membership has experienced a slight increase this year. Membership plays a crucial role in supporting the NPA's national advocacy and ensuring the quality assurance of Portage services, thereby contributing to the high-quality teaching delivered to future generations of children and families.

The number of Registered Services has shown a slight increase this year, aligning with one of the Business Plan's aims to expand services and ensure more children and families benefit from the Portage model.

The number of Stamp of Approval settings has also slightly increased this year. The process and criteria for this award have been thoroughly reviewed and all associated documentation has been rebranded. The re-launch of the new paperwork is scheduled for September 2025, with the expectation that this will lead to an increase in numbers as more settings are supported in integrating Portage Principles into their work with children and families.

Acknowledgements

The NPA continues to rely on a dedicated small office team, who provide essential administrative and support functions for the Board of Trustees, Members, and Services. Their exceptionally efficient service is deeply appreciated, and the Board extends its sincere thanks to Emma and the team for their unwavering support and commitment to the NPA.

The Board is pleased to welcome Lauren, who has been co-opted as the Parents Trustee, and Sarah, the Social Media Trustee. Both bring a wealth of knowledge and experience to the team. I have also assumed the role of Chair for the NPA, with Janet Rickman taking on the Vice-Chair Trustee role.

Finally, my profound thanks and appreciation are extended to the Trustees, Services, and Members for their steadfast commitment and dedication to the National Portage Association.

 

Signed on behalf of the Trustees on 3 November 2025

 

 

 

 

Pam Fry, MBE, Chair - National Portage Association

 

 

NATIONAL PORTAGE ASSOCIATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF NATIONAL PORTAGE ASSOCIATION
- 7 -

I report to the Trustees on my examination of the financial statements of National Portage Association (the Charity) for the year ended 31 March 2025.

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.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the Companies Act 2006 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. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

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 Companies Act 2006.

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 Companies Act 2006 other than any requirement that the financial statements 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 financial statements 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.

Griffiths Marshall
4th Floor
Llanthony Warehouse
The Docks
Gloucester
Gloucestershire
GL1 2EH
3 November 2025
NATIONAL PORTAGE ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2025
2025
2025
2024
2024
2024
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
3
24,518
-
24,518
25,156
-
25,156
Charitable activities
7
59,589
-
59,589
60,912
-
60,912
Other trading activities
4
818
-
818
1,326
-
1,326
Investments
5
4,186
-
4,186
5,472
-
5,472
Other income
6
(87)
-
(87)
-
-
-
Total income
89,024
-
89,024
92,866
-
92,866
Expenditure on:
Raising funds
58
-
58
-
-
-
Charitable activities
8
70,451
1,199
71,650
74,896
1,000
75,896
Total expenditure
70,509
1,199
71,708
74,896
1,000
75,896
Net income/(expenditure) and movement in funds
18,515
(1,199)
17,316
17,970
(1,000)
16,970
Reconciliation of funds:
Fund balances at 1 April 2024
189,302
15,115
204,417
171,332
16,115
187,447
Fund balances at 31 March 2025
207,817
13,916
221,733
189,302
15,115
204,417

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

NATIONAL PORTAGE ASSOCIATION
BALANCE SHEET
AS AT 31 MARCH 2025
31 March 2025
- 9 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
15
-
116
Current assets
Debtors
16
4,886
9,262
Cash at bank and in hand
241,477
217,886
246,363
227,148
Creditors: amounts falling due within one year
17
(24,630)
(22,847)
Net current assets
221,733
204,301
Total assets less current liabilities
221,733
204,417
The funds of the Charity
Restricted income funds
19
13,916
15,115
Unrestricted funds
20
207,817
189,302
221,733
204,417

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 2025.

The directors 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 3 November 2025
Mrs P Fry
Trustee
Company registration number 04165317 (England and Wales)
NATIONAL PORTAGE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
1
Accounting policies
Charity information

National Portage Association is a private company limited by guarantee incorporated in England and Wales. The registered office is Kings Court, 17 School Road, Hall Green, Birmingham, B28 8JG.

1.1
Basis of preparation

The financial statements have been prepared in accordance with the Charity's governing document, 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.

Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

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.
NATIONAL PORTAGE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 11 -
1.5
Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Expenditure is recorded on the accruals basis and liabilities are included when the legal obligation has been created.

 

Expenditure in charitable activities represents the costs incurred in carrying out the charitable objectives of the project.

 

Governance costs represent the cost of general administration functions of the charity

 

Basis of apportionment of expenditure:

 

- Staff costs are allocated on a basis of time spent on each category of activity.

- Premises costs are allocated by floor area used for the activity.

- Depreciation provision is allocated on the basis of use of the assets.

- All other overheads are allocated to projects as a percentage of direct expenditure.

 

As a registered charity, the activities are generally except from Income Tax and Capital Gains Tax in connection with its direct charitable purpose, but not from VAT.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
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.

NATIONAL PORTAGE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 12 -
1.9
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.

1.10
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.

2
Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

NATIONAL PORTAGE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 13 -
3
Income from donations and legacies
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Donations and gifts
24,518
25,156
Donations and gifts
General
4,317
3,316
Registered Services
800
-
Gift Aid
-
526
Members Subscriptions
19,401
21,314
24,518
25,156
4
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Other income
818
1,326
5
Income from investments
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Interest receivable
4,186
5,472
6
Other income
Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
Net gain on disposal of tangible fixed assets
(87)
-
NATIONAL PORTAGE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 14 -
7
Income from charitable activities
Conferences & training
Registration of portage services
Total
Conferences & training
Registration of portage services
Total
2025
2025
2025
2024
2024
2024
£
£
£
£
£
£
Sales of goods & services
48,249
11,340
59,589
46,685
14,227
60,912
Analysis by fund
Unrestricted funds
48,249
11,340
59,589
46,685
14,227
60,912
8
Expenditure on charitable activities
Conference & training
Registration of portage services
Training & information publications
Voluntary income & activities for generating funds
Total
2025
2025
2025
2025
2025
£
£
£
£
£
Direct costs
Training fees
2,111
-
-
-
2,111
Cost of goods sold/written off
120
16,750
-
199
17,069
Travel
360
-
-
-
360
Miscellaneous
(86)
-
-
-
(86)
Donations
184
-
-
-
184
2,689
16,750
-
199
19,638
Grant funding of activities (see note 9)
-
-
-
1,000
1,000
Share of support and governance costs (see note 11)
Support
21,421
11,425
4,284
10,473
47,603
Governance
1,773
273
409
954
3,409
25,883
28,448
4,693
12,626
71,650
Analysis by fund
Unrestricted funds
25,883
28,448
4,693
11,427
70,451
Restricted funds
-
-
-
1,199
1,199
25,883
28,448
4,693
12,626
71,650
NATIONAL PORTAGE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
8
Expenditure on charitable activities
(Continued)
- 15 -
Previous year:
Conference & training
Registration of portage services
Training & information publications
Voluntary income & activities for generating funds
Total
2024
2024
2024
2024
2024
£
£
£
£
£
Direct costs
Training fees
2,011
-
-
-
2,011
Cost of goods sold/written off
174
20,610
95
-
20,879
Travel
330
-
-
-
330
Miscellaneous
472
-
-
-
472
Donations
303
-
-
-
303
3,290
20,610
95
-
23,995
Grant funding of activities (see note 9)
-
-
-
1,000
1,000
Share of support and governance costs (see note 11)
Support
21,477
11,454
4,295
10,500
47,726
Governance
1,651
254
381
889
3,175
26,418
32,318
4,771
12,389
75,896
Analysis by fund
Unrestricted funds
26,418
32,318
4,771
11,389
74,896
Restricted funds
-
-
-
1,000
1,000
26,418
32,318
4,771
12,389
75,896
9
Grants payable
Voluntary income & activities for generating funds
Voluntary income & activities for generating funds
2025
2024
£
£
Grants to institutions:
Other
1,000
1,000
NATIONAL PORTAGE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
10
Net movement in funds
2025
2024
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
1,900
1,384
Depreciation of owned tangible fixed assets
29
39
Loss on disposal of tangible fixed assets
87
-
11
Support costs
Support costs
Governance costs
2025
Support costs
Governance costs
2024
£
£
£
£
£
£
Depreciation
29
-
29
39
-
39

Premises Expenses

9,300
-
9,300
8,700
-
8,700

General Office

38,270
-
38,270
38,983
-
38,983

Bank Charges

4
-
4
5
-
5
Audit fees
-
1,900
1,900
-
1,384
1,384
Legal and professional
-
-
-
-
200
200

Travel

-
1,509
1,509
-
1,592
1,592

General Office

-
-
-
-
1
1
47,603
3,409
51,012
47,727
3,177
50,904
Analysed between
Charitable activities
47,603
3,409
51,012
47,726
3,175
50,901
Governance costs includes payments to the independent examiner of £1,900 (2024 - £1,384) for independent examination.
12
Trustees

In accordance with the Charity's Memorandum of Association, agreed with the Charity Commission, up to five Trustees may receive reasonable payment for work in respect of the Charity's Training for Trainers course and PW Validation. In the financial year one Trustee received payments totalling £1,750 (2024 - None).

 

Out of Pocket Expenses were reimbursed to trustees during the year as follows:

 

Travel             £2,862    (2024 - £965)

Hotels & Refreshments    £1,746    (2024 - £1,205)

 

NATIONAL PORTAGE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 17 -
13
Employees

The average monthly number of employees during the year was:

2025
2024
Number
Number
4
3

During the year no members of staff were paid in excess of £60,000

There were no employees whose annual remuneration was more than £60,000.
14
Taxation

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

15
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 April 2024
6,482
Disposals
(6,482)
At 31 March 2025
-
Depreciation and impairment
At 1 April 2024
6,366
Depreciation charged in the year
29
Eliminated in respect of disposals
(6,395)
At 31 March 2025
-
Carrying amount
At 31 March 2025
-
At 31 March 2024
116

 

16
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
4,586
8,265
Other debtors
300
997
4,886
9,262
NATIONAL PORTAGE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 18 -
17
Creditors: amounts falling due within one year
2025
2024
£
£
Other taxation and social security
4,350
3,305
Trade creditors
1,228
252
Other creditors
14,652
14,219
Accruals and deferred income
4,400
5,071
24,630
22,847
18
Deferred income
Deferred income is included in the financial statements as follows:
2025
2024
£
£
Accredited trainer fees
1,740
720
Postponement Trainers Forum
747
747
Portage Workshops
5,000
-
Other deferred income
7,165
7,067
Cumbria Mentoring
-
-
Helen George
-
185
Brighter Futures
-
5,500
14,652
14,219
19
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.

At 1 April 2024
Resources expended
At 31 March 2025
£
£
£
Conference
4,388
-
4,388
Rosie's Fund
9,171
(1,000)
8,171
Kushlick Legacy
414
(199)
215
Service Donations
1,142
-
1,142
15,115
(1,199)
13,916
NATIONAL PORTAGE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
19
Restricted funds
(Continued)
- 19 -
Previous year:
At 1 April 2023
Resources expended
At 31 March 2024
£
£
£
Conference
4,388
-
4,388
Rosie's Fund
10,171
(1,000)
9,171
Kushlick Legacy
414
-
414
Service Donations
1,142
-
1,142
16,115
(1,000)
15,115
20
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 2024
Incoming resources
Resources expended
Transfers
At 31 March 2025
£
£
£
£
£
Stock book
262
-
(262)
-
-
Fixed assets
115
-
(115)
-
-
Training development reserve
19,839
-
-
-
19,839
General Reserve
169,086
89,024
(70,132)
-
187,978
189,302
89,024
(70,509)
-
207,817
Previous year:
At 1 April 2023
Incoming resources
Resources expended
Transfers
At 31 March 2024
£
£
£
£
£
Stock book
262
-
-
-
262
Fixed assets
154
-
-
(39)
115
Training development reserve
19,839
-
-
-
19,839
General funds
151,077
92,866
(74,896)
39
169,086
171,332
92,866
(74,896)
-
189,302
NATIONAL PORTAGE ASSOCIATION
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 20 -
21
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2025
2025
2025
£
£
£
At 31 March 2025:
Current assets/(liabilities)
207,817
13,916
221,733
207,817
13,916
221,733
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 March 2024:
Tangible assets
116
-
116
Current assets/(liabilities)
189,186
15,115
204,301
189,302
15,115
204,417
22
Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

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