| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2025 |
| FOR |
| THE NORTHBOURNE PARK FOUNDATION |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| REPORT OF THE TRUSTEES AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2025 |
| FOR |
| THE NORTHBOURNE PARK FOUNDATION |
| THE NORTHBOURNE PARK FOUNDATION |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2025 |
| 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 2025 |
| 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 2025. 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 £440 (2024 surplus £2,685). |
| Reserves policy |
| The level of reserves held at the year end was £61,135. 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 |
| Registered Charity number |
| Registered office |
| THE NORTHBOURNE PARK FOUNDATION (REGISTERED NUMBER: 05305196) |
| REPORT OF THE TRUSTEES |
| FOR THE YEAR ENDED 31 AUGUST 2025 |
| 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 |
| THE NORTHBOURNE PARK FOUNDATION |
| STATEMENT OF FINANCIAL ACTIVITIES |
| FOR THE YEAR ENDED 31 AUGUST 2025 |
| 2025 | 2024 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Investment income | 3 |
| EXPENDITURE ON |
| Other |
| Net gains/(losses) on investments | ( |
) |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 60,695 |
| THE NORTHBOURNE PARK FOUNDATION (REGISTERED NUMBER: 05305196) |
| BALANCE SHEET |
| 31 AUGUST 2025 |
| 2025 | 2024 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 6 |
| CURRENT ASSETS |
| Cash at bank |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 7 |
| Unrestricted funds | 60,695 |
| TOTAL FUNDS | 60,695 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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 |
| THE NORTHBOURNE PARK FOUNDATION |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 AUGUST 2025 |
| 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 2025 |
| 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 |
| 2025 | 2024 |
| £ | £ |
| Deposit account interest |
| 4. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024. |
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
| Unrestricted |
| fund |
| £ |
| INCOME AND ENDOWMENTS FROM |
| Investment income |
| EXPENDITURE ON |
| Other |
| Net gains on investments |
| NET INCOME |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 60,695 |
| THE NORTHBOURNE PARK FOUNDATION |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2025 |
| 6. | FIXED ASSET INVESTMENTS |
| Listed |
| investments |
| £ |
| MARKET VALUE |
| At 1 September 2024 |
| Revaluations | ( |
) |
| At 31 August 2025 |
| NET BOOK VALUE |
| At 31 August 2025 | 26,551 |
| At 31 August 2024 | 26,790 |
| 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 1.9.24 | in funds | 31.8.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 60,695 | 440 | 61,135 |
| TOTAL FUNDS | 440 | 61,135 |
| 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 | 739 | (60 | ) | (239 | ) | 440 |
| TOTAL FUNDS | ( |
) | ( |
) | 440 |
| THE NORTHBOURNE PARK FOUNDATION |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2025 |
| 7. | MOVEMENT IN FUNDS - continued |
| Comparatives for 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 |
| 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 | 721 | (61 | ) | 2,025 | 2,685 |
| TOTAL FUNDS | 721 | (61 | ) | 2,025 | 2,685 |
| A current year 12 months and prior year 12 months combined position is as follows: |
| Net |
| movement | At |
| At 1.9.23 | in funds | 31.8.25 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 58,010 | 3,125 | 61,135 |
| TOTAL FUNDS | 58,010 | 3,125 | 61,135 |
| 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 | 1,460 | (121 | ) | 1,786 | 3,125 |
| TOTAL FUNDS | 1,460 | (121 | ) | 1,786 | 3,125 |
| THE NORTHBOURNE PARK FOUNDATION |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 AUGUST 2025 |
| 8. | RELATED PARTY DISCLOSURES |
| 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. |