REGISTERED COMPANY NUMBER: 02847204 (England and Wales) REGISTERED CHARITY NUMBER: 1048266 Report of the Trustees and Audited Financial Statements for the Year Ended 31 March 2025 for Hardwick in Partnership Limited JBC Accountants Limited Statutory Auditor 3B Lockheed Court Preston Farm Stockton on Tees TS18 3SH
Hardwick in Partnership Limited Contents of the Financial Statements for the Year Ended 31 March 2025 Report of the Trustees Report of the Independent Auditors Statement of Financial Activities Balance Sheet Notes to the Financial Statements Page 1 to 6 7 to 9 10 11 to 12 13 to 21
Hardwick in Partnership Limited Report of the Trustees for the Year Ended 31 March 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 March 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 Hardwick in Partnership Ltd is an approachable self-help organisation which welcomes, trusts and depends on the our Mission Statement: - To relieve poverty, primarily amongst the residents of the Hardwick, Salters Lane and Bishopsgarth areas in the Borough of Stockton-on-Tees: - To advance education amongst the residents of the area, especially amongst the young and unemployed and to promote and provide training skills of all kinds, especially those skills as will assist residents in obtaining employment; and - To promote any charitable purpose for the benefit of the area. he organisation seeks to overcome apathy and its causes by supporting local people to shape their own careers an itures. it encourages local people to share their skills. ideas and time so that they can take action to develop th economy and create a stronger, more caring and friendly community in which to live. Page 1
Hardwick in Partnership Limited Report of the Trustees for the Year Ended 31 March 2025 OBJECTIVES AND ACTIVITIES Significant activities The community led organisation is a locally based resource which provides training, education, life skills and youth projects with an emphasis on raising aspirations, attainment and employability, encouraging healthy lifestyles and socia inclusion, addressing crime and anti-social behaviour and building community cohesion During the year 2024-25 Hardwick in Partnership Ltd has continued working towards achieving its Aims and Objectives y adapting, developing and delivering a range of services and initiatives to meet the needs of the community; targetin he key issues which affect an area which suffers from high levels of deprivation the services are aimed at addressing thi economic, financial and social exclusion that is evident amongst the local population. Particular areas of benefit included: The HYPE Youth Project continued to be pro-active in developing young people led activities, building links which facilitate multi-agency service delivery and forming relationships which help breakdown barriers and address the disadvantage suffered by local young people. Funded by Children in Need and Stockton Borough Council's Holidays are Fun grants our face to face activities, online virtual youth club, targeted workshops, offsite visits and field trips have supported the development of local young people. HYPE have also been involved in 'distraction' activities at times when ASB is more prevalent, these activities have been supported by the Police Crime Commissioner's funds. Our Social and Digital Inclusion Activities (Fusion Futures Project) enabled access to equipment and online services for service users in the internet café along with loaned equipment for those unable to attend in person. 1-2-1 support was also offered to supplement our group face to face activities. To further promote the benefits of a social lifestyle a programme of social inclusion activities took place including woodworking, crafts and social, community singing and gentle dance and exercise. The charity organises, provides and promotes a wide range of activities and services for the residents of the Hardwick area, most of these services are delivered face to face, with digital media groups formed to ensure all our service users have someone they can reach out to when needed. Services provided included: - Office/Administration Services - Employability Services - Joinery Workshop - HYPE Youth Project - Health & Wellbeing Projects - Community Development Initiatives - Exercise & Fitness Programme - Computer & Digital/Social Media Access and Support The organisation actively encourages continual professional development amongst its employees; during the year staff have undertaken varied internal and external training to ensure that they have the relevant skills and knowledge which enables them to deliver services professionally and in keeping with standard requirements with a day release in place to attend a 3 year University degree course for one member of staff. Public benefit The trustees confirm that they have complied with the duty set out in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charities Commission in respect of public benefit. Page 2
Hardwick in Partnership Limited Report of the Trustees for the Year Ended 31 March 2025 ACHIEVEMENTS AND PERFORMANCE Charitable activities During the year the organisation has continued to seek and secure funds to sustain existing services and to develop and provide new services and projects that are responsive to our local community needs. In particular the focus has been on projects and initiatives aimed at supporting the residents of an already socially and financially deprived area who have suffered further marginalisation as a result of the Cost of Living Crisis. Targeted services have been provided to encourage healthier lifestyles and reduce social isolation to help address the negative impact the current financial crisis is having on health & wellbeing. The organisation has continued its drive to develop and build lasting partnerships with other organisations, groups, service delivery agents and social housing providers, both locally and borough wide, who have similar objectives, to introduce initiatives which benefit the Hardwick area and to ensure that residents have ease of access to support services, advice and information within their local community area. FINANCIAL REVIEW Principal funding sources During the year Hardwick in Partnership Ltd received voluntary assistance from local people and local/regional organisations. The Trustees take this opportunity to extend their gratitude to these individuals and organisations for the time they have given and to the following organisations and funders who have provided financial support for services and activities during the yea, without which the Organisation would not be able to operate: The National Lottery Communities Fund The Albert Hunt Trust The Ballinger Trust Police & Crime Commissioner for Cleveland Children in Need Catalyst Stockton on Tees Stockton Borough Council (Holidays are Fun) Reserves policy The Trustees consider the financial position of the charity to be satisfactory and the present level of funding to be adequate to support the continuation of the projects currently being undertaken. It is the policy of the Trustees that, if funding were to cease, the charity is in a position to cover the provision of services for a period of six months. FUTURE DEVELOPMENTS services which are aimed at improving the quality of life of its beneficiaries and the community. The Trustees and staff of Hardwick in Partnership Ltd continue to look towards the future with enthusiasm and commitment. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is governed by its Memorandum of Association which establishes the objects and powers of the charity and its Articles of Association, which governs the charity. The company is limited by guarantee, having no share capital. Members are required to pay an annual membership fee Page 3
Hardwick in Partnership Limited Report of the Trustees for the Year Ended 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees The trustees/directors who held office during the year are set out below. All directors of the company are also trustees of the charity and there are no other trustees. The Board comprises of between four and eleven members, all of whom will be Full Members as defined within the Articles. Any replacements are elected by the Board of Trustees/Directors at a normal meeting and they will serve until the next Annual General Meeting (AGM). All Full Members shall retire from office at every AGM, but then be eligible for re-election, if duly nominated. The Board may also co-opt, as advisors, no more than two persons (members or not), to serve on the Board. Employees, persons under eighteen years of age, or prohibited by law to be directors, are prohibited to serve on the Board. Organisational structure The Board of Trustees/Directors meet monthly and is responsible for the strategic direction and policy of the charity. The general manager is responsible for the day-to-day operational management of the Charity. She attends the monthly Board meetings, at which the Board delegates specified services to her. Induction and training of new trustees Hardwick in Partnership actively seeks to attract new members from, or connected with, the local community. The organisation operates a continuous training programme for both existing and new trustees. Risk management The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02847204 (England and Wales) Registered Charity number 1048266 Registered office Enterprise & Initiative Centre High Newham Road Hardwick Stockton-on-Tees TS19 8RH Trustees Mr K Leonard Mr W Mooney Cllr N Cooke ClIr N Stephenson, OBE Company Secretary Cllr N Cooke Page 4
Hardwick in Partnership Limited Report of the Trustees for the Year Ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Auditors JBC Accountants Limited Statutory Auditor 3B Lockheed Court Preston Farm Stockton on Tees TS18 3SH Bankers Unity Trust Bank Nine Brindleyplace 4 Oozells Square Birmingham B1 2HB General Manager Mrs. M Hiles STATEMENT OF TRUSTEES' RESPONSIBILITIES The trustees (who are also the directors of Hardwick in Partnership Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: - there is no relevant audit information of which the charitable company's auditors are unaware; and - the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. AUDITORS Meeting. The auditors, JBC Accountants Limited, will be proposed for re-appointment at the forthcoming Annual General Page 5
Hardwick in Partnership Limited Report of the Trustees for the Year Ended 31 March 2025 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. 13/01/26 and signed on its behalf by: Page 6
Report of the Independent Auditors to the Trustees of Hardwick in Partnership Limited Opinion We have audited the financial statements of Hardwick in Partnership Limited (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 16 to the financial statements, and we have fuifilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: - the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or - the charitable company has not kept adequate accounting records; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit. Page 7
Report of the Independent Auditors to the Trustees of Hardwick in Partnership Limited Responsibilities of trustees As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability t continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concen basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Our responsibilities for the audit of the financial statements We have been appointed as auditors under Section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations, identified through discussion with the trustees, and from our knowledge of the charity, the Charities Act 2011 and the Charities Statement of Recommended Practice. We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur by: - making enquiries of the trustees as to where they considered there was susceptibility to fraud and their knowledge of actual, suspected and alleged fraud, and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: - tested records to identify unusual transactions; - performed analytical procedures to identify any unusual or unexpected relationships. In response to the risk or irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - agreeing financial records to underlying supporting documents; - reviewing correspondence with HMRC and the company's legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transaction, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the and trustees and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www. frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. Page 8
Report of the Independent Auditors to the Trustees of Hardwick in Partnership Limited Use of our report This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed. JBCAccountants Limited for and on behalf of JBC Accountants Limited Statutory Auditor Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 3B Lockheed Court Preston Farm Stockton on Tees TS18 3SH Date: 1a January 2026 Page 9
INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities HYPE Supporting unemployed individuals HIP Building Improvement Project Community Development Community Centre Other trading activities Total EXPENDITURE ON Raising funds Other trading activities Charitable activities HYPE Core Transforming your space Supporting unemployed individuals HIP Building Improvement Project Community Development Community Centre Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD Hardwick in Partnership Limited Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2025 Unrestricted funds Notes 2 4 22,000 Restricted Funds - 3 : 19,453 11,594 53,047 29,611 293 26,470 1 56,375 31/3/25 Total funds 22,000 29,611 26,470 19,453 11,595 109,422 5 6 9,522 9,522 24.712 : 16,168 50,402 2,645 121,068 123,713 1. 44,985 - 161 2,000 293 28,834 76,273 (19,898) 44,390 24,492 9,522 9,522 44,985 24,712 161 2,000 293 28,834 16,168 126,675 (17,253) 165,458 148,205 The notes form part of these financial statements Page 10 31/3/24 Total funds 14,228 54,544 2,000 15,652 36,719 15,804 10,103 149,050 11,714 11,714 44,853 6,106 161 5,911 15,652 41,812 9,349 135,558 13,492 151,966 165,458
Hardwick in Partnership Limited Balance Sheet 31 March 2025 Unrestricted funds Restricted funds FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at bank and in hand Notes 11 38,948 5,754 12 11,703 79,347 91,050 18,738 18,738 CREDITORS Amounts falling due within one year 13 (6,285) - NET CURRENT ASSETS 84,765 18,738 TOTAL ASSETS LESS CURRENT LIABILITIES 123,713 24,492 NET ASSETS FUNDS Unrestricted funds Restricted funds TOTAL FUNDS 123,713 24,492 14 31/3/25 Total funds 44,702 11,703 98,085 109,788 (6,285) 103,503 148,205 148,205 123,713 24,492 148,205 31/3/24 Total funds 44,232 6,561 124,555 131,116 (9,890) 121,226 165,458 165,458 121,068 44,390 165,458 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements. The trustees acknowledge their responsibilities for 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 audited under the requirements of Section 145 of the Charities Act 2011. The notes form part of these financial statements Page 11 continued...
Hardwick in Partnership Limited Balance Sheet - continued 31 March 2025 These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial 1 1 2k and were signed on its behalf by statements were approved by the Board of Trustees and authorised for Mr K Leonard - Trustee Cllr N Cooke - Trustee The notes form part of these financial statements Page 12
Hardwick in Partnership Limited Notes to the Financial Statements for the Year Ended 31 March 2025 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. Financial reporting standard 102 - reduced disclosure exemptions The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland': the requirements of Section 7 Statement of Cash Flows. 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. Computer software Computer software licences donated will be capitalised at the trustees' estimate of their current value. These will be written off over their estimated useful lives of three years. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property Tool library Fixtures and fittings Computer equipment - 2/o on cost - 33% on cost 50% on cost and 20% on reducing balance : 33% on cost Individual fixed assets costing £500 or more are capitalised at cost. Donated fixed assets are capitalised at the trustees reasonable estimate of its current value if more than £500. 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. Page 13 continued...
2. 3. 4. Hardwick in Partnership Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - continued Pension costs and other post-retirement benefits Contributions in respect of the charity's stakeholder group pension scheme are charged to the Statement of Financial Activities in the period in which they are payable to the scheme. DONATIONS AND LEGACIES Donations Employment allowance Grants received 31/3/25 5,0000 17,000 22,000 31/3/24 300 3,928 10,000 14,228 OTHER TRADING ACTIVITIES Training and Enterprise INCOME FROM CHARITABLE ACTIVITIES BBC Children in Need Catalyst Stockton-on-Tees National Lottery Community Fund Activity HYPE HYPE HYPE Police and Crime Commissioner; Community Safety Fund Good Things Foundation Digital Inclusior Youth Investment Fun Other HYPE Supporting unemployed individuals HIP Building Improvement Project Community Development National Lottery Community Fund; Fusion Futures Community Development Trusthouse Charitable Foundation Community Development Community Centre room hire Community Centre 31/3/25 € 11,595 31/3/24 10,103 31/3/25 € 11,274 17,837 500 - 26,470 19,453 75,827 31/3/24 19,254 16,420 17,944 926 2,000 15,652 2,000 26,079 8,640 15,804 124,719 Page 14 continued...
5. 6. 7. Hardwick in Partnership Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 OTHER TRADING ACTIVITIES Staff costs Property overheads Administration costs Depreciation CHARITABLE ACTIVITIES COSTS HYPER Core Transforming your space Supporting unemployed individuals HIP Building Improvement Project Community Development Community Centre Direct Costs 14,085 21,371 161 2,000 293 28,834 16,082 113,726 These are made up as follows: Staff costs Professional fees Property overheads Administration costs Project costs Repairs & maintenance Depreciation Audit fees 74,530 13,540 2,391 14,790 7,217 1,258 - 113,726 NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Auditors remuneration Depreciation - owned assets Page 15 31/3/25 6,885 1,796 595 246 9,522 Support costs 3,34i 31/3/24 9,146 1,767 444 357 11,714 86 3,427 Totals 44,985 24,712 161 2,000 293 28,834 16,168 117,153 : : 2,520 3,427 74,530 13,540 3,298 14,790 7,217 1,258 2,520 117,153 31/3/25 € 2,520 1,504 31/3/24 2,000 2,272 continued...
8. 9. Hardwick in Partnership Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees' expenses There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS Wages and salaries Social security costs Other pension costs 31/3/25 74,617 5,250 1,007 80,874 31/3/24 66,576 3,928 1,467 71,971 The average monthly number of employees during the year was as follows: Direct Charitable Activities Management and Administration 31/3/25 6 2 8 31/3/24 7 2 9 No employees received emoluments in excess of £60,000. 10. INTANGIBLE FIXED ASSETS COST At 1 April 2024 and 31 March 2025 AMORTISATION At 1 April 2024 and 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 Computer software € 8,603 8,603 Additional software licences are available to be used by the charity if needed. These have been provided by a third party at no cost to the charity. The trustees consider the value of these additional licences to be negligible. Page 16 continued...
Hardwick in Partnership Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 11. TANGIBLE FIXED ASSETS COST At 1 April 2024 Additions At 31 March 2025 DEPRECIATION At 1 April 2024 Charge for year At 31 March 2025 NET BOOK VALUE At 31 March 2025 At 31 March 2024 Freehold property 57,796 - 57,796 Tool Hibrary 5,006 Fixtures and fittings 5,006 29,707 1,974 31,681 15,255 442 15,697 5,006 5,006 28,428 650 29,078 42,099 42,541 - 2,603 1,279 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments and accrued income Computer equipment € 21,748 21,748 21,336 412 21,748 412 Totals 114,257 1,974 116,231 70,025 1,504 71,529 44,702 44,232 31/3/25 2,591 5,025 4,087 11,703 31/3/24 5,111 402 1,048 6,561 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors No description Accruals and deferred income 31/3/25 € 113 1,557 : 4,615 6,285 31/3/24 784 687 2,000 (2) 6,421 9,890 Page 17 continued...
Hardwick in Partnership Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS Unrestricted funds General funds Community Centre funds Restricted funds Stockton Borough Council; NOF funding - Transforming your space BBC Children in Need Catalyst Stockton-on-Tees Comic Relief Community Fund; Chill Zone UK Youth Fund; Chill Zone Albert Hunt Trust Good Things Foundation; Digital Inclusion Capability Grant National Lottery Community Fund; Fusion At 1/4/24 € 52,308 68,760 121,068 5,139 13,915 1,426 807 163 488 2,412 20,040 44,390 165,458 Net movement in funds € (641) 3,286 2,645 (161) (13,915) (1,426) (161) (32) (488) (2,412) (1,303) (19,898) (17,253) Resources expended € (34,234) (16,168) (50,402) (161) (25,190) (19,263) (161) (32) (488) (2,412) (27,773) (293) (500) (76,273) (126,675) At 31/3/25 51,667 72,046 123,713 4,978 - 131 - 18,737 24,492 148,205 TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General funds Community Centre funds Restricted funds Stockton Borough Council; NOF funding - Transforming your space BBC Children in Need Catalyst Stockton-on-Tees Comic Relief Community Fund; Chill Zone UK Youth Fund; Chill Zone Albert Hunt Trust Good Things Foundation; Digital Inclusion Capability Grant National Lottery Community Fund; Fusion YIF Refurbishment Grant Police and Crime Commissioner for Cleveland Incoming resources € 33,593 19,454 53,047 11,275 17,837 TOTAL FUNDS 26,470 293 500 56,375 109,422 Page 18 Movement in funds € (641) 3,286 2,645 (161) (13,915) (1,426) (161) (32) (488) (2,412) (1,303) - (19,898) (17,253) continued...
Hardwick in Partnership Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Unrestricted funds General funds Community Centre funds Restricted funds Stockton Borough Council; NOF funding - Transforming your space BBC Children in Need National Lottery Fund - Friends Together Wherever Catalyst Stockton-on-Tees Comic Relief Community Fund; Chill Zone UK Youth Fund; Chill Zone Albert Hunt Trust Good Things Foundation; Digital Inclusion Capability Grant National Lottery Community Fund; Fusion Futures County Durham Community Foundation; Poverty Hurts - Open Doors project The 1989 Willan Charitable Trust at the Community Foundation Tyne & Wear and Northumberland County Durham Community Foundation; Poverty Hurts - Come Dine with Us project At 1/4/23 € 45,797 62,305 108,102 5,300 5,609 1,097 1,009 TOTAL FUNDS 824 15,982 7,917 5,499 423 43,864 151,966 Page 19 Net movement in funds € 6,511 6,455 12,966 (161) 8,306 (1,097) 1,426 (202) (41) 488 1,588 4,058 (7,917) (5,499) (423) 526 13,492 At 31/3/24 52,30 68,760 121,068 5,139 13,915 1,426 807 163 488 2,412 20,040 - 44,390 165,458 continued...
Hardwick in Partnership Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 14. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows: Unrestricted funds General funds Community Centre funds Incoming resources € 24,331 15,804 40,135 Restricted funds Stockton Borough Council; NOF funding - Transforming your space BBC Children in Need Trusthouse Charitable Foundation National Lottery Fund - Friends Together Wherever Catalyst Stockton-on-Tees Comic Relief Community Fund; Chill Zone UK Youth Fund; Chill Zone Albert Hunt Trust Good Things Foundation; Digital Inclusion Capability Grant National Lottery Community Fund; Fusion Futures County Durham Community Foundation; Poverty Hurts - Open Doors project The 1989 Willan Charitable Trust at the Community Foundation Tyne & Wear and Northumberland County Durham Community Foundation; Poverty Hurts - Come Dine with Us project The National Lottery Community Project YIF Refurbishment Grant Police and Crime Commissioner for Cleveland 19254 8,640 16,420 2,000 2,000 26,079 TOTAL FUNDS 17,944 15,652 926 108,915 149,050 Resources expended Movement in funds (17,820) (9,349) (27,169) 6,511 6,455 12,966 (161) (10,948) (8,640) (1,097) (14,994) (202) (41) (1,512) (412) (22,021) (7,917) (161) 8,306 (1,097) 1,426 (202) (41) 488 1,588 4,058 (7,917) (5,499) (423) (17,944) (15,652) (926) (108,389) (135,558) (5,499) (423) : 526 13,492 Funding of £11,274 has been received in the year from the BBC's Children in Need charity for the first year of a three year funding period. This has been fully spent in the year. Within the HYPE activity, £16,872 was provided by Catalyst, Stockton on Tees to fund school holiday enrichment programmes. Food parcels, packed lunches and home activities were provided to young people across each school holiday. All grants have been spent in full during the year. A further £964 was received from Catalyst in the year to contribute towards cooking classes to help reduce inequalities; this has been spent in full.. Funding awarded of £26,470 from the National Lottery Community Fund has been used to support the Fusion Future project which provides sessions aimed at reducing isolation and loneliness in the community. £18,736 of this will be carried forward to spend in 2025/26. £500 awarded by the Police and Crime Commissioner for Cleveland to fund youth sessions over the summer has been spent in full in the year. Page 20 continued...
14. 15. 17. Hardwick in Partnership Limited Notes to the Financial Statements - continued for the Year Ended 31 March 2025 MOVEMENT IN FUNDS - continued £293 has been received from the Youth Investment Fund to meet costs incurred for the refurbishment of the annexe. This has been spent in full in the year. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements. STATUTORY INFORMATION Hardwick in Partnership Limited is a company limited by guarantee and has no share capital. The company is registered in England and Wales and its registered number and office address can be found within the 'Reference and Administrative Details' of the Report of the Trustees. Page 21