REGISTERED CHARITY NUMBER: 1138292
Report of the Trustees and
Financial Statements
for the Year Ended 31st March 2024
for
THE IRON BRIDGE TRUST
Hilden Park Accountants Limited Chartered Accountants & Statutory Auditors Hilden Park House 79 Tonbridge Road Hildenborough Tonbridge Kent TN11 9BH
THE IRON BRIDGE TRUST
Contents of the Financial Statements FOR THE YEAR ENDED 31ST MARCH 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Report of the Independent Auditors | 5 | to | 8 |
| Statement of Financial Activities | 9 | ||
| Balance Sheet | 10 | ||
| Notes to the Financial Statements | 11 | to | 17 |
| Detailed Statement of Financial Activities | 18 |
THE IRON BRIDGE TRUST
Report of the Trustees FOR THE YEAR ENDED 31ST MARCH 2024
The trustees present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The purpose of the charity is to assist those in need by reason of youth, age, ill health, disability or social or economic disadvantage by providing grants and funding to purchase goods and services as set out in its governing document dated 1st September 2010.
The main activities undertaken in relation to those purposes during the year ended 31st March 2024 has been to provide grants totalling £98,000 (2023: £87,000) as detailed in note 4 to these financial statements.
The trustees meet during the financial year to decide how best it can assist those in need and to decide what charities and organisations that grants should be provided to in order to further the charity's purpose for the public benefit.
The purpose of the charity is to assist those in need by reason of youth, ill health, disability or social or economic disadvantage by providing grants and funding to purchase goods and services. The objectives are fulfilled by the trustees making grants or donations to those in need which is the main activity of the charity.
Public benefit
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
ACHIEVEMENT AND PERFORMANCE
We are proud to report that the grants that The Iron Bridge Trust has provided during the year to 31st March 2024 have assisted the many organisations that the trustees have agreed to support. The hard work of the many people in those organisations have helped elderly people, vulnerable individuals, those who are socially and economically disadvantaged and those with disabilities. The grants provided have therefore helped in supplying many needs.
The wide range of grants mean we have helped charities and organisations that provide grief counselling to children, specialist support for families with disabled children, training and support for mobility for disabled children and adults, residential breaks for vulnerable children, emotional and well-being support for the deafblind community, IT learning support for those with disabilities and the list goes on.
FINANCIAL REVIEW
Financial position
Investment income received during the year totalled £379,984 (2023: £344,113).
Total expenditure for the year was £338,432 (2023: £288,305) with the increase due to higher management fees, bank charges and repairs required to be undertaken on the investment properties. Total grants paid in the year were £98,000 compared to £87,000 in the prior year.
Gains on investments during the year totalled £10,964 (2023: £271,001), which was made up of realised gains of £10,964 on fixed asset investments (2023: Nil). The prior year figure is made up of unrealised gains of £7,465 and £263,536 on fixed asset investments and investment property respectively.
The surplus for the year totalled £52,516 (2023: £326,809).
The balance of unrestricted funds at 31 March 2024 was £4,594,423 (2023: £4,541,907).
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THE IRON BRIDGE TRUST
Report of the Trustees FOR THE YEAR ENDED 31ST MARCH 2024
FINANCIAL REVIEW Reserves policy
The trustees of The Iron Bridge Trust have agreed that the charity should hold enough reserves to cover at least six months of expenditure in order to not have cashflow concerns. This would equate to approximately £170,000.
At the year end the charity's free reserves were £4,594,423 (2023: £4,541,907) which will be used to further the charity's objectives.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
If a new trustee is required the Board will look to appoint someone who hold the values required in order to assist those in need across all areas that the charity supports.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1138292
Principal address
Rivendell Parkfield Sevenoaks Kent TN15 0HX
Trustees
J Bennett Dr Y H Bennett Dr S Bennett R Bennett A Bennett Miss F Bennett
J Bennett and Dr Y H Bennett held title to property belonging to the charity on the date the report was approved.
Auditors
Hilden Park Accountants Limited Chartered Accountants & Statutory Auditors Hilden Park House 79 Tonbridge Road Hildenborough Tonbridge Kent TN11 9BH
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THE IRON BRIDGE TRUST
Report of the Trustees FOR THE YEAR ENDED 31ST MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS Bankers
Handelsbanken 1st Floor 50-52 London Road Bligh's Meadow TN13 1AS
Investment Advisors
Interactive Investor Services Limited 201 Deansgate Manchester M3 3NV
Property Advisors
Savills 72 High Street Sevenoaks Kent TN13 1JR Sandstone UK Property Management 14 Coates Crescent Edinburgh EH3 7AF
EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees 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).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity 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 charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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THE IRON BRIDGE TRUST
Report of the Trustees FOR THE YEAR ENDED 31ST MARCH 2024
Approved by order of the board of trustees on 27th March 2025 and signed on its behalf by:
Dr Y H Bennett - Trustee
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Report of the Independent Auditors to the Trustees of The Iron Bridge Trust
Opinion
We have audited the financial statements of The Iron Bridge Trust (the 'charity') for the year ended 31st March 2024 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:
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give a true and fair view of the state of the charity's affairs as at 31st March 2024 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
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 charity 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 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 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 charity'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:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
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Report of the Independent Auditors to the Trustees of The Iron Bridge Trust
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which 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 charity'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 charity or to cease operations, or have no realistic alternative but to do so.
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Report of the Independent Auditors to the Trustees of The Iron Bridge Trust
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity and determined that the most significant which have a direct material effect on the amounts and disclosures in the financial statements are the Charities Act 2011 and Charities SORP FRS102.
We also identified other laws and regulations which do not have a direct effect on the amounts and disclosures in the financial statements, but which compliance is fundamental to the entity's operations including Data Protections Laws (including UK General Data Protection Regulation (GDPR) and enquires were made with management regarding procedures in place to ensure compliance.
Having reviewed the laws and regulations applicable to the charity, we designed and performed audit procedures to obtain sufficient appropriate evidence. Specifically we:
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Assigned an engagement team to the audit that collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.
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Enquired with management on any non compliance with laws and regulations.
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Reviewed the legal expense accounts and legal correspondence to identify potential litigation or claims involving the entity.
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Reviewed internal policies and procedures and external guidance.
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Reviewed the completeness and accuracy of associated disclosures made in the financial statements.
We assessed the susceptibility of the charity's financial statements to material misstatement and fraud and in doing so:
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Considered whether there were areas of the financial statements particularly susceptible to fraud and enquired with management as to any known or suspected instances of fraud and their assessment of fraud risk.
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Considered whether management have incentives and opportunities to manipulate financial results and determined the key audit risks related to completeness of income, management override of controls and the valuation of investment property.
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The risk of management override of controls has been reviewed and audited, including through testing accounting estimates and other adjustments for appropriateness. Furthermore, analytical procedures were undertaken to identify any unusual or unexpected relationships and transactions and the rationale behind these was investigated.
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The risk of completeness of income has been reviewed and audited, including through substantive testing, along with a review of the appropriateness of the accounting policy concerning income recognition and completing detailed cut off testing either side of the balance sheet date.
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Designed and performed audit procedures to obtain sufficient appropriate evidence including substantive testing in relation to the valuation of investment property.
The audit has been planned and performed in such a way as to best identify risks of material misstatement, however the inherent limitations of audit procedures means that there remains a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, override of controls, forgery, collusion, omission or misrepresentation.
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Report of the Independent Auditors to the Trustees of The Iron Bridge Trust
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.
Use of our report
This report is made solely to the charity'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 charity'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 charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Hilden Park Accountants Limited Chartered Accountants & Statutory Auditors Hilden Park House 79 Tonbridge Road Hildenborough Tonbridge Kent TN11 9BH
27th March 2025
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THE IRON BRIDGE TRUST
Statement of Financial Activities FOR THE YEAR ENDED 31ST MARCH 2024
| Notes INCOME AND ENDOWMENTS FROM Investment income 2 EXPENDITURE ON Raising funds 3 Charitable activities Charitable activities Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2024 Unrestricted funds £ 379,984 77,609 260,823 338,432 10,964 52,516 4,541,907 4,594,423 |
2023 Total funds £ 344,113 |
|---|---|---|
| 68,007 220,298 |
||
| 288,305 | ||
| 271,001 | ||
| 326,809 4,215,098 |
||
| 4,541,907 |
The notes form part of these financial statements
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THE IRON BRIDGE TRUST
Balance Sheet 31ST MARCH 2024
| Notes FIXED ASSETS Investments Investments 8 Investment property 9 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 11 NET ASSETS FUNDS 13 Unrestricted funds TOTAL FUNDS |
2024 Unrestricted funds £ - 4,620,150 4,620,150 415,061 (29,207) 385,854 5,006,004 (411,581) 4,594,423 4,594,423 4,594,423 |
2023 Total funds £ 196,516 4,620,150 4,816,666 187,135 (29,207) 157,928 4,974,594 (432,687) 4,541,907 4,541,907 4,541,907 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 27th March 2025 and were signed on its behalf by:
Y H Bennett - Trustee
The notes form part of these financial statements
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THE IRON BRIDGE TRUST
Notes to the Financial Statements FOR THE YEAR ENDED 31ST MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 Charities Act 2011. 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.
Rents received are recognised in the period in which they relate.
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.
The charity only has one charitable activity to which direct and support costs are allocated.
Support costs are those that assist with the work of the charity but do not directly relate to the charitably activity and include governance costs.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Activities.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
continued...
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THE IRON BRIDGE TRUST
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31ST MARCH 2024
| 2. INVESTMENT INCOME Rents received 3. RAISING FUNDS Raising donations and legacies Management fees 4. GRANTS PAYABLE Charitable activities The total grants paid to institutions during the year was as follows: Grants paid Breakdown of grants paid based on charitable activity: Elderly care Caring for those with physical disabilities Caring for those with mental disabilities Caring for vulnerable children Support for carers |
2024 £ 379,984 2024 £ 77,609 2024 £ 98,000 2024 £ 98,000 |
2024 £ 379,984 2024 £ 77,609 2024 £ 98,000 2024 £ 98,000 |
2024 £ 379,984 2024 £ 77,609 2024 £ 98,000 2024 £ 98,000 |
2023 £ 344,113 2023 £ 68,007 2023 £ 87,000 2023 £ 87,000 |
2023 £ 344,113 2023 £ 68,007 2023 £ 87,000 2023 £ 87,000 |
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| £ | £ | ||||
| 14,000 | 7,000 | ||||
| 35,500 | 31,500 | ||||
| 16,500 | 22,000 | ||||
| 23,500 | 14,500 | ||||
| 8,500 | 12,000 | ||||
| 98,000 | 87,000 | ||||
continued...
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THE IRON BRIDGE TRUST
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31ST MARCH 2024
5. SUPPORT COSTS
| Charitable activities Support costs, included in the above, are as follows: Bank charges Insurance Light and heat Council tax Sundries Repairs and renewals Auditors' remuneration Accountancy Legal fees |
Finance £ 36,466 |
Governance Other costs £ £ 73,022 53,335 2024 Charitable activities £ 36,466 10,180 92 1,872 - 60,878 6,940 2,000 44,395 162,823 |
Totals £ 162,823 |
|---|---|---|---|
| 2023 Total activities £ 23,469 7,712 76 721 1,816 65,686 6,500 1,900 25,418 |
|||
| 133,298 |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st March 2024 nor for the year ended 31st March 2023.
Trustees' expenses
One trustee was reimbursed expenses totalling £3,643 during the year. Of these expenses, £2,643 related to investment property costs and the remaining £1,000 related to a reimbursement of a grant payment to a charity. There were no trustees' expenses paid in the prior year.
7. NET GAINS ON INVESTMENTS
Breakdown of net gains on investments is as follows:
| 2024 2023 |
2024 2023 |
|
|---|---|---|
| £ £ |
||
| Unrealised gains on investment property | - 263,536 |
|
| Unrealised gains on fixed asset investments | - | 7,465 |
| Realised gains on fixed asset investments | 10,964 | - |
| 10,964 271,001 |
||
continued...
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THE IRON BRIDGE TRUST
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31ST MARCH 2024
8. FIXED ASSET INVESTMENTS
There were no investment assets outside the UK.
Cost or valuation at 31st March 2024 is represented by:
| Valuation in 2019 Valuation in 2020 Valuation in 2021 Valuation in 2022 Valuation in 2023 Valuation in 2024 9. INVESTMENT PROPERTY FAIR VALUE At 1st April 2023 and 31st March 2024 NET BOOK VALUE At 31st March 2024 At 31st March 2023 Fair value at 31st March 2024 is represented by: Valuation in 2019 Valuation in 2021 Valuation in 2022 Valuation in 2023 |
Listed investments £ 81,000 53,397 24,743 29,911 7,465 (196,516) £ 4,620,150 4,620,150 4,620,150 £ 3,630,000 566,612 160,002 263,536 4,620,150 |
|---|---|
continued...
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THE IRON BRIDGE TRUST
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31ST MARCH 2024
| 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Bank loans and overdrafts (see note 12) 21,107 Other creditors 8,100 29,207 11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 £ Bank loans (see note 12) 411,581 12. LOANS An analysis of the maturity of loans is given below: 2024 £ Amounts falling due within one year on demand: Bank loans 21,107 Amounts falling between one and two years: Bank loans - 1-2 years 21,107 Amounts falling due between two and five years: Bank loans - 2-5 years 63,320 Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal 327,154 The Handelsbanken loan is secured against property owned by the charity. 13. MOVEMENT IN FUNDS Net movement At 1.4.23 in funds £ £ Unrestricted funds General fund 4,541,907 52,516 TOTAL FUNDS 4,541,907 52,516 |
2023 £ 21,107 8,100 29,207 2023 £ 432,687 2023 £ 21,107 21,107 63,320 348,260 At 31.3.24 £ 4,594,423 |
2023 £ 21,107 8,100 29,207 2023 £ 432,687 |
2023 £ 21,107 8,100 |
|---|---|---|---|
| 29,207 | |||
| 2023 £ 21,107 |
|||
| 21,107 | |||
| 63,320 | |||
| 4,594,423 |
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continued...
THE IRON BRIDGE TRUST
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31ST MARCH 2024
13. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming Resources resources expended £ £ Unrestricted funds General fund 379,984 (338,432) TOTAL FUNDS 379,984 (338,432) Comparatives for movement in funds At 1.4.22 £ Unrestricted funds General fund 4,215,098 TOTAL FUNDS 4,215,098 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 344,113 (288,305) TOTAL FUNDS 344,113 (288,305) |
Gains and losses £ 10,964 10,964 Net movement in funds £ 326,809 326,809 Gains and losses £ 271,001 271,001 |
Movement in funds £ 52,516 52,516 At 31.3.23 £ 4,541,907 4,541,907 Movement in funds £ 326,809 326,809 |
|
|---|---|---|---|
14. RELATED PARTY DISCLOSURES
There were no related party transactions other than the trustees' expenses disclosed in note 6. There were no related party transactions in the year ended 31 March 2023.
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continued...
THE IRON BRIDGE TRUST
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31ST MARCH 2024
15. POST BALANCE SHEET EVENTS
In July 2024 a new bank loan was taken out, with the previous bank loan included in these financial statements repaid in full.
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THE IRON BRIDGE TRUST
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31ST MARCH 2024
| INCOME AND ENDOWMENTS Investment income Rents received Total incoming resources EXPENDITURE Raising donations and legacies Management fees Charitable activities Grants to institutions Support costs Finance Bank charges Other Insurance Light and heat Council tax Sundries Repairs and renewals Governance costs Auditors' remuneration Accountancy Legal fees Total resources expended Net income before gains and losses Realised recognised gains and losses Revaluation gains/losses fixed asset investments Net income |
2024 £ 379,984 379,984 77,609 98,000 36,466 10,180 92 1,872 - 60,878 73,022 6,940 2,000 44,395 53,335 338,432 41,552 10,964 52,516 |
2023 £ 344,113 |
|---|---|---|
| 344,113 68,007 87,000 23,469 7,712 76 721 1,816 65,686 |
||
| 76,011 6,500 1,900 25,418 |
||
| 33,818 | ||
| 288,305 | ||
| 55,808 - |
||
| 55,808 |
This page does not form part of the statutory financial statements
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