Charlty reglstration number 1134493 (England and Wales) Company registration number 07140350 IRON AID FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
IRON AID FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Tank Chowdhry Mr Liaqual Khan Mr Sohail A. Syed Mr Tariq Zaman Mr Mohamed Ameen Kalla Charity number (England and Wales) 1134493 Company number 07140350 Registered office Northwood Hills Masjid & Community Centre Joel Street Northwood Hills Hillingdon London United Kingdom HA6 1NL Auditor Reddy Siddiqui LLP 183-189 The Vale Acton London United Kingdom W3 7RW
IRON AID FOUNDATION CONTENTS Page Trustees report Statement of Trustees responsibilities Independent audilorfs report Slalement of financial aclivities Balance sheet Slalement of cash flows 10 Notes to the financial stalements
IRON AID FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 JANUARY 2025 The Trustees present their annual report and financial statements for Ihe year ended 31 January 2025. The financial statements have been prepared in accordance with the accounting policies sel out in note 1 to the financial statements and comply with the charitable Company's conslilution, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charilies 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 a¢tivities The Trustees have paid due regard to the Charity Commission's guidance on public benefit when planning and delivering the charity's activities. The Iron Aid Foundation's principal objective is lo serve the religious, educational and social welfare needs of the Muslim community and wider society. The majority of ils activities are undertaken through Northwood Hills Masjid & Community Centre INHMCCI. one of the charity's primary siles. The charity's second site remains temporarily closed pending funding and plans for refurbishment.
IRON AID FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) {CONTINUED) FOR THE YEAR ENDED 31 JANUAR Y 2025 Achievements and perfomiance During the year, the charity. through NHMCC, continued lo strengthen its role as a centre for faith, education and ommunily wellbeing. Educatlonal Programme$ Education remains a cornerstone of the charity's mission. Structured programmes in Qur'anic recitation, Islamic studies and Arabic language have been delivered for both adults and young learners. Dedicated study cirdes for women have continued lo flourish, providing opportunities for learnin9, discussion and spiritual development. The charity's educational approach emphasises practical understanding, character building and the application of Islamic values in everyday life. All sessions are conducted in a safe, inclusive and supportive learning environment, ensuring consistency and quality across all leaching activities. Community Engagement NHMCC has continued lo serve as a vibrant hub for community life. Throughout the year, the centre has delivered.. Advice and guidance serrflces, including family and marriage support., Early"years sessions for mothers and toddl8rs'. Wellbeing and fitne88 classes for both men and women., and Social programmes for senlor membèrn, promoting companionship and inclusion. Youth engagement has remained a key priority. Working in collaboration with local Scout groups and edu¢ational partners, NHMCC has provided leadership and volunteering opportunities for young people, nurturing confidence, responsibility and a sense of belonging. Humanltarlan and Outreach Work The charity has continued lo facilitate humanitarian appeals and charitable collections in partnership with recognised aid agencies. Donations have supported emergency relief and welfare projects both locally and inlernalionally. The charity has also maintained ils outreach lo the wider ¢ommunily through direct engagement and goodwill initiatives aimed al fostering understanding and positive relationships between NHMCC and ils neighbours. Plans for the Future The Trustees remain committed to building on the strong foundation established during the year. Priorities for the comin9 period include.. Expanding educational and youth development programmes., Strengthening community partnerships and outreach initiatives., and Ensuring long-term financial and organisalional sustainability. The Trustees, vision is for NHMCC to continue operating as a welcoming, well-managed and spiritually enriching institution that serves the needs of the community with exllenCe and compassion. Structure, goveman¢e and management The Trustees, who are also the directois for the purpose of company law, and who setved during the year and up to the date of signature of the financial statements were: Mr Tarik Chowdhry Mr Liaquat Khan Mr Mohammad Shoaib Oosman Mr Sohail A. Syed Mr Tariq Zaman Mr Mohamed Ameen Kalla {DeaSed 15 June 2025}
IRON AID FOUNDATION TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Appointment of trustees is governed by the charity's constitution, which empowers the Board to appoint new Trustees lo fill vacancies arising from resignation. death or other causes. Audltor In accordance with the company's articles, a resolution proposing thal Reddy Siddiqui LLP be reappointed as auditor of the company will be put al a General Meeting. Acknowledgements The Trustees wish to express their sincere gratitude to all those who have supported the charity throughout the year, our volunteers, donors. congregation and the wider community. Your generosrty, time and commrtment continue lo be the cornerslone of the charity's success. Together, we look forward to building a future rooted in faith, service, unlty and hope. The Trustees report was approved by the Board of Trustees. Mr Tarik Chowdhry Trustse Mr Mohamèd Ameen Kalla Trustee 18 November 2025
IRON AID FOUNDATION STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 JANUARY 2025 The Trustees, who are also the directors of Iron Aid Foundation for the purpose of company law, are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclice). Company Law requires the Trustees to prepare financial slatemenls for each financial year which give a true and fair view of the stale of affairs of the charitable company and of the incoming resources and application of resourcès, in¢luding the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Trustees are required lo.. select suitable a¢¢ounling policies and then apply them consislently., observe the methods and principles in the Charities SORP.. make judgements and estimates that are reasonable and prudent., slate whether applicable UK Accounting Standards have been followed, subject lo any material departures disclosed and explained in the financial stalemenls., and prepare the financial slalemenls on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounling records that disclose with reasonable accuracy al any lime the financial position of the charitable company and enable them lo ensure that the financial slalements 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. Company law requires the Trustees lo prepare financial slalemenls for ea¢h financial year which give a true and fair view of the slate 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 year. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in thè ChaTlties SORP., make judgements and estimates that are reasonable and prudent., slate whether applicable UK Accountin9 Standards have been followed. subject lo any material departures disclosed and èxplained in the financial slalemenls., and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charitable company will conlinue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any lime the financial posilion of Ihe charitable company and ènable them to ensure that the financial slalements omply 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.
IRON AID FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF IRON AID FOUNDATION Opinion We have audited the financial statements of Iron Aid Foundation the charitable company for the year ended 31 January 2025 which comprise the slalement of financial activilies, the balance sheel, the statement of cash flows and notes lo the financial slatemenls, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland {United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial slatemenls.. give a true and fair view of the state of the charitable company's affairs as al 31 January 2025 and of its incoming resources and application of resources, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting PraCtI- and have been prepared in accordan with the requirements of the Companies Act 2006. Basis for oplnion We conducted our audit in a¢cordance with Inlemalional Standards on Auditing {UKI (ISAS {UK)) and applicable law. Our responsibilities under those standards arè further described in the ALiditorfs responsibilit185 for the audit of the financial stal&ments section ol our report. We are independent of the charitable company in accordance with the elhiGal requirements that are relevant to our audit of the financial slalemenls in the UK. including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relatlng to going ¢oncem In auditing the financial slalements, we have concluded that the Trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriale. 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'5 ability to continue as a going concern frjr a period of at least twelve months from when Ihe financial slalements are authorised for issue. Our responsibilities and the responsibilities of the Trustees with respect lo going concem are described in the relevant sections of this report. Other information The other information comprises the information included in the annual report other than the financial statements and our auditor's report Ihereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, consider whelher the other information is materially inconsistent with the financial statements or our knowledge oblained in the course of the audit, or olheNise appears lo be materially misslaled. If we identify such material inconsislenoies or apparenl material misslatemenls, we are required lo determine whether this gives rise lo a material misstatement in the financial slalemenls Ihemselves. If, based on the work we have performèd, we conclude that there is a material misslalement of this other information, we are required to report that fact. We have nothing to report in this regard.
IRON AID FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF IRON AID FOUNDATION Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports} Regulations 2008 requires us lo report to you if. in our opinion.. the information given in the financial statements is inconsistent in any material respect with the Trustees report., or sufficient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records., or we have not received all the information and explanations we require for our audit. The trustees were not enlilled lo prepare the financial slalemenls in accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the Iruslees, report. Responsibllllles of Trustees As explained more fully in the statement of Trustees responsibilities, the Trustees are responsible for the preparation of the financial statements and for being satisfièd 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 slalemenls that are free from material misstatement, whether due to fraud or error. In preparing the financial slatements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or lo cease operations, or have no realistic allernalive bul to do so, Auditorfs re8pon$lbilities for the audit of tho financlal ststsments We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect Ihereunder. Our objectives are to obtain reasonable assurance about whether the financial slalemenls as a whole are free from malerial misstatement, whether due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assuran¢e but is nol a guarantee that an audit conducted in accordance with ISAS {UK) will always detect a material misslalement when il exists. Misstalemenls 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 slalements. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. A further description of our responsibilities is available on the Financial Reporting Council's website al.. httPS'.11 www.frc.org.uklauditorsresponsibilities. This description forms part of our auditors report. Use of our report This report is made solely to the charity's Iruslees, as a body, in accordance with Part 4 of the Charities (Accounls and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to the charity's Iruslees those matters we are required lo stale to them in an auditor's report and for no other purpose. To the fullest extent permilled by law, we do not accept or assume responsibility to anyone other than the charity and the charity's Irustees as a body, for our audit work, for this report, or for the opinions we have formed.
IRON AID FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF IRON AID FOUNDATION Seema Slddiqul {Senlor Statutory Auditor) For and on behalf of Reddy Siddiqui LLP, Statutory Auditor Chartered Accountants 183-189 The Vale Aclon London W3 7RW United Kingdom 18 November 2025 Reddy Siddiqui LLP is eligible for appointment as auditor of the charitable company by virtue of its eligibility for appointment as auditor of a Company under section 1212 of the Companies A¢1 2006.
IRON AID FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JANUARY2025 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies 670.114 74,048 744,162 366,807 678,960 1,045,767 Total income 670,114 74,048 744,162 366,807 678,960 1,045,767 Expenditure on: Raising funds Charilable activilies Other expenditure 1,495 116.276 {11) 1.495 178,400 (11) 62,124 91,988 239,433 8.127 100.115 239,433 10 Total expendlture 117,760 62,124 179,884 331,421 8,127 339,548 Net Income and movement In funds 552,354 11,924 564,278 35,386 670,833 706,219 Recon¢iliatlon of fund8: Fund balances al 1 February 2024 706,652 2,589,334 3,295,986 671,266 1,918,501 2,589,767 Fund balances at 31 January 202S 1,259,006 2,601,258 3,860,264 706,652 2,589,334 3.295,986 The slalemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
IRON AID FOUNDATION BALANCE SHEET AS AT31 JANUARY2025 2025 2024 Notes Fixed assets Tangible assets 12 3,945,433 3,954,470 Current assets Debtors Cash al bank and in hand 13 8,424 451,705 5.233 548,394 460,129 553,627 Creditors: amounts falling duo wlthln one year 14 (545.298) 11.212,111) Net current Ilabllitios (85,169) (658,484) Total assets less current Ilabllltlés 3,860,264 3,295,986 The fund$ of the charitable company Restricted income funds Unrestricted funds 16 17 2.601,258 1,259,006 2,589,334 706,652 3,860.264 3,295,986 The ¢ompany is entitled to Ihe exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 January 2025. The diredor acknowledges his 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 ils financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476. These financial slatements have been prepared in accordance with the provisions applicable to companies subjecl to the small companies regime. The financial statements were approved by the Trustees on 18 November 2025 Mr Tarik Chowdhry Trustee Mr Mohamed Ameen Kalla Twstee Company registration number 07140350 (England and Wales)
IRON AID FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JANUARY 2025 2025 2024 Notes Cash flows from operating actlvities Cash (absorbed by}Igenerated from operations 20 (65,155) 1,749,408 Investing a¢tivltle$ Purchase of tangible fixed assets Proceeds from disposal of tangible fixed assets {33,829) {3,965,117) 2,295 2,118,913 Net cash used in investlng activities {31,534) {1,846,204) Net cash generated from finan¢lng activitles Net decrease in cash and cash equlvalents 196,689) (96,7961 Cash and cash equivalents al beginning of year 548,394 645,190 Cash and cash equlvalents at end of year 451,705 548,394 10-
IRON AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 Accounting pollcies Charlty infomiation Iron Aid Foundation is a private company limited by guarantee incorporated in England and Wales. The registèred office is Northwood Hills Masjid & Community Centre. Joel Street, Northwood Hills, Hillingdon, London, HA6 1 NL, United Kingdom. 1.1 Basis of preparation The financial slalemenls have been prepared in accordance with the charitable company's conslilulion, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ('FRS 102"} and the Charities SORP "Accounting and Reporting by Charities.. Slalement 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 charitable company is a Public Benefit Entity as defined by FRS 102. The financial slalements are prepared in sterling, which is thè functional currency of the ¢haritable company. Monetary amounts in these financial statements are rounded lo the nearest £. The financial statements have been prepared under the historical cost convention, Imodified to include the revaluation of freehold properties and lo include investment properties and certain financial instruments at fair valuel. The principal accounting policies adopted are sel out below. 1.2 Going ¢oncern At the time of approving the financial statements, the Trustees have a reasonable expectation that the charitable company has adequate resources lo continue in opeialional existence for the foreseeable future. Thus the Trustees continue lo adopi the going concern basis of accounting in preparing the financial stalemenls. 1.3 Charitable funds Unreslricled funds are available for use al the discretion of the Trustees in furtherance of their chaTltable objectives. 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 lo the financial slalements. 1.4 Income Income is recognised when the charilable company 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 charitable company has been notified of the donation, unless performance conditions require deferral of thè amount. Income lax recoverable in relation to donations received under Gift Aid is recognised when donations are accepied after the claim is approved. Legacies are recognised on receipt or othetwise rf the charitable company has been notified of an impending distribulion, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a conlingenl asset. 11
IRON AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised once there is a legal or conslruclive obligation to Iransfer economic benefit to a third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation Gan be measured reliably. Expenditure is classified by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consislenl wilh the use of resouices. Central staff costs are allocated on the basis ol time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured al cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Fixtures and fittings 20 200/0 The gain or loss arising on the disposal of an asset is delermined as the difference between the sale proceeds and the carrying value of the asset. and is recognised in the slalement of financial activities. 1.7 Impairment of flxed assets Al each reporting end dale. the charitable company reviews the carrying amounts of its tangible assets lo determine whether there is any indication Ihal those assets have suffered an impairment 105s. If any such indication exis15, the recoverable amount of the assel is estimated in order lo determine the extent of the impairmenl Ioss (if any). 1.8 Cash and ca$h equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Financial Instruments The charitable company has elected lo apply the Provisions of Section 11 'Basio Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the charitable company's balance sheet when the charitable company becomes party to the contractual provisions of the inslrumenl. Financial assels and liabilities are offset, wilh the nel amounts presenled in the financial stalemenls, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention to sèttle on a nel 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 al transaction price including transaction costs and are subsequently carried at amortised Cosl using the effective musharakah method unless the arrangement ¢onstitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rale of musharakah. Financial assets classified as receivable within one year are not amortised. 12-
IRON AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Accounting policies (Continued) Basle financial liabilities Basic financial liabilities, including cieditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of Ihe future payments discounted al a market rate of musharakah. Financial liabilities classified as payable within one year are not amortised. 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-currenl liabilities. Derecognltion of financlal liabilities Financial liabilities are derecognised when the charitable company's conlraclual obligations expire or are discharged or cancelled. 1.10 Retiremènt benefits Payments lo defined contribution retirement benefit schemes are charged as an axpense as they fall due. Crltical accountlng esllmates and judgements In the application of the charitable company's accounting poli¢ies, the Trustees are required lo make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The eslimales and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual resu115 may differ from these eslimales. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in Ihe period in whi¢h the estimate is revised whère 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. Income from donations and legacies Unrestricted Restrlcted funds funds 2025 2025 Total UnrestrS¢ted Restricted funds funds 2024 2024 Total 2025 2024 Donations and gifts 670,114 74,048 744,162 366,807 678,960 1,045,767 Expenditure on raising funds Unrestri¢ted Unrestricted funds funds 2025 2024 Fundraising and publicity Advertising 1,495 13
IRON AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Expenditure on charitable actlvlties Restricted Unrestricted Fund Fund 2025 2025 Total Restricted Unrestrictsd Fund Fund 2024 2024 Total 2025 2024 Direct costs Centre Maintenance Cost Community Events Regular Community Activities Bank Charge General Expenses 18,242 2,070 33,616 1.300 51.858 3,370 27.168 22,294 27,168 22,294 6,800 15,571 298 10,233 22,371 298 15.964 13,153 1,104 5,612 13,153 1.104 5,612 5,731 32,843 61,018 93,861 69,331 69,331 Share of support and governance costs (see note 6) Support 29,281 51,471 Governance 3,787 80,752 3.787 8,127 19,057 3,600 27,184 3,600 62,124 116.276 178,400 8,127 91,988 100,115 Analysis by fund Unreslricled funds Reslricled funds 116,276 116,276 62,124 91,988 91,988 8,127 62,124 8,127 62,124 116.276 178,400 8,127 91,988 100,115 Support costs allocated to activlties 2025 2024 Staff costs Depreciation Depreciation RF Governance costs 40,170 11.301 29,281 3,787 19,057 8,127 3,600 84,539 30,784 Analysed between: Restricted Fund Unreslricled Fund 29,281 55,258 8,127 22,657 84,539 30,784 14-
IRON AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 Net movement In funds 2025 2024 The nel movement in funds is stated after chargingl{crediling)'. Fees payable for the audit of the charity's financial statements Depreciation of owned langible fixed assets (Profil)Iloss on disposal of tangible fixed assets 3,600 40.582 (11} 3,600 27,183 239,433 Trustees None of the Trustees received any remuneration or benefits from the ¢harilable company during the year. However, two individuals connected lo the trustees received a total payment of £1.720.00 for sèrvices provided under the Regular Community Service. 11 is important lo note that both individuals wère paid al the same rale as others who provided similar services. (2024 - None). Employees The average rnonlhly number of employees during the year was.. 2025 Number 2024 Number Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 31,335 7,254 1,581 40,170 There were no employees whose annual remuneration was more than £60,¢JOO. Remuneration of key management personnel There were no remuneration payment lo any Key Management Personnel for YE 31.01.2025 10 Other expenditure Unrestricted Unrestricted funds funds 2025 2024 Net loss on disposal of tangible fixed assets {11) 239,433 15-
IRON AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 11 Taxation The charity is exempl from taxation on its activities because all ils income is applied for charitable purposes. 12 Tangible fixed assets Freehold land F5xtur•$ and and bulldlngs flttings Total Cost At 1 February 2024 Additions Disposals 3.936,897 28,220 3,965,117 33,829 33,829 {2,295) (2,295) Al 31 January 2025 3,934,602 62,049 3,996,651 Depreclation and Impairment At 1 February 2024 Depreciation charged in the year Eliminated in respect of disposals 7,450 31,369 111) 3,197 9,213 10,647 40.582 (111 Al 31 January 2025 38,808 12,410 51,218 Carrylng amount Al 31 January 2025 3,895,794 49,639 3,945,433 Al 31 January 2024 3.929,447 25,023 3,954,470 13 Debtors 2025 2024 Amounts falllng due withln one year: Other debtors 8,424 5,233 14 Creditors: amounts falling due withln one year 202S 2024 Other creditors Accruals and deferred income 537,731 7,567 1,191,001 21,110 545,298 1,212,111 15 Retirement benefit Schemes 2025 2024 Defined contribution schemes Charge lo profit or loss in respect of defined contribution schemes 1,581 16-
IRON AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 15 Retirement benefit schemes Icontinued) The charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charitable company in an independently administered fund. 16 Restricted funds The restricted funds of Ihe charity comprise the unexpended balances of donations and grants held on Irusl, subject lo specific conditions imposed by the donor as lo their use. These funds may only be utilised for the particular projects or purposes specified by the donor and arè accounted for separately from unrestricted funds. At 1 February 2024 Incoming reSoueS Resources At 31 January èxpended 2026 Fixed Asset Other Reslricled Fund 2,589,334 41,204 32,844 (29,2811 132,843) 2,601,258 2,589,334 74,048 (62,124) 2,601,258 Prevlous year: At 1 February 2023 Incomlng rosour¢es Resources At 31 January expended 2024 FixedAsset 1,918.501 678,960 (8,127) 2,589.334 The Trustees ensure that restricted funds are only spent in a¢cordance with the wishes and instructions of the donors. During the year, all restricted funds received were applied lo their designated purposes, and no transfers were made to unrestricted reserves. The fixed asset purchase was funded primarily by a restricted fund, and any amount exceeding the restricted fund was covered by unrestricted fund to complete the acquisition. As al the year end, there were no unexpended restricted funds, and therefore the balance on restricted reserve is nil. 17 Unrestricted fund8 The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject lo specific conditions by donors and grantors as lo 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 February 2024 Incoming resources Resources At 31 January expended 2025 General funds 706,652 670,114 1117,760) 1.259,006 17-
IRON AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 17 Unrestricted funds (Continued) Previous year: At 1 February 2023 Incoming Rosources At 31 January resources expendèd 2024 General funds 671,266 366,807 {331,421) 706,652 18 Analysls of net assets befvieen funds Unrestrltted funds 2025 Restricted funds 2025 Total 2025 At 31 January 2025: Tangible assets Current asselsl(liabilities) 1,311,332 (52,326) 2,634,101 (32,843) 3,945,433 {85,1691 1,259,006 2,601,258 3,860,264 Unrestrlcted funds 2024 Restricted funds 2024 Total 2024 At 31 January 2024: Tangible assets Current assetsl(liabililiesl 1,365,136 {658,484) 2,589,334 3,954,470 {658,484} 706,652 2,589,334 3,295,986 19 Related party transactions During the year the Foundation entered into the following Iransaclions with related parties.. None of the Trustees received any remuneration or benefits from the charitable company during the year. However, two individuals connected to the trustees received a lolal payment of £1,720 for services provided under the Regular Community Service.11 is important to note that both individuals were paid at the same rate as others who provided similar seNices. (2024 - None). 18-
IRON AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2025 20 Cash (absorbed by)Igenerated from operatlons 2025 2024 Surplus for the year 564.278 706,219 Adjustments for: (Gain)Ifoss on disposal of tangible fixed assets Depreciation and impairment of tangible fixed assets (11) 11.301 239,433 19,057 Movements In worklng capital: {Increasel in debtors (Decreasellincrease in creditors 13,191) (666,813} 15,233} 781,805 Cash (absorbed by)Igeneratsd from operatlons (94,436) 1.741,281 19