Rert ofthe and Flnandal Statements for the Year Ended 318t March 20LS ror THE IRON BRIDGE TRUST Hilden Park Accountants Limited Chartered knountants & Statutory AuditOlS Hilden P House 79 Tonbridge Road Hildenborollgb Tonbridge Kent TNII 9BH
THE IRON BRGE TRUST Contents of the Flnanclal Statements FOR THE YEAR ENDED 31sr MARCH 21125 Page Rert of the TThtee8 Report of the Independent Audltors 4 to 7 Statement of DlnaDcial Aclivilies Balance Sheet Notes to the Tmancial Statements 10 to 15 Delalled Statcmenl of FInanc Actlvid&8 16
THE IRON BRIDGE TRUST Report of the Trnstees FOR THE YEAR ENDED 31ST MARCH 2025 The I1.te8 pre%ent their Teport with the flnancial slatcmcnls of the Ch*-&(Y for the year ended 31st March 2025. Th¢ Irustee8 liave adopted the provisions of ALC()Unting and Repor¢iw)g by Charities- Statement of Recommended Pr<ictiLe ai)plicable to chttle5 preparing theii- accounts in accordance wlth the Financial RewrtTng .Standard applicable in the UK and Republic of Irel<ind (FRS 102) (eftective l January 2019). OBIECTtVES AND ACTIvfTIES Objectives and aims The PUTpose of the charity is to assist tho%e 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 8et out in its governing document dated 1st September 2010. The main activities undertaken in relation to those purposes during the year ended 31 st March 2025 ha5 been to provide gr<ints lotalling £120,000 (2024: £98,000) as detailed in note 4 to these financial statements. The trustces meet during the finoncial year lo decide how best it can a&sisl those in need and to decide what charities and organi%ation% that grants should be provided io in ordcr tn fijrther the Chity'S purpose for the public benefit. Tiie puiyoNe of the cliarily is lo a88isl lho.se in iieed by reilson of yULilh, ill heiilth. disability ur SULial ur economic disa(Ivanlage by providing grants and fundinb? to purLhu%e good% lind %crvice%. Thc objcc1iv5 41rc fulfillcd by Ihc tru%lee% m4iking grdnl8 vr don<ilions lo tho.se in nccd whiLh 1.4 the rnuin Iictivily of Ihe chiirily. Puhlic benefit In %cllinri objcc liiyei. ¢lnd plLinninTr Inr Licliiijlic%. the Tni8lci'.% have (rji'cn dtic con4ider¢ili()n t() rpcnercil (vuidJnLe piibli8hcd l)y IIiL. (.'li¢ll'ily C()Iiiii'iis%i(Iri reliilinb (() piJhliL bLnLfil, illLlLiilin7 Il)e eiii(IiinLC 'Piiblic beiicf'il.. riinning li Lhiirily jPB2)'. ACIIIEI VEMINTS AND PERfoRMANCI Wc ure proud In report that the grant% that The Ir()n Bridge Trust ha8 provided during Ihc ye1L r lo 31.st March 2025 havc as.sistcd the rnany organi.sations Ih(It Ihe Iru%lees have agi'ccd to support. Thc hard work ol the inany pcoplc in those orguni%iilions have helped clderly pef)ple. vulnerable individuicl%. tho8e who arc SOLTdlly dnd eLonomica]ly di.SiidviintJgcd Jiid thosL willi di%¢il)ililiL.%. TIIL giai)1.4 I)ii)vidLd liavi IlILiili)I'L IILIpLd iii %upi)Iyiiig Illillly I)LLd.s. Thc wide range of grants mean we have helped charities and organisations that provide grief counselling to Lhildren, speciali.%t support for families wilh disabled children, training and support for inobility for di.sabled children und adults. re%ide.nli<il brctiks for vulnerable children. cmotionic l and well-being support for the de<ifblind community, IT learning sUprt for tho.se with disabilitie.8 und ihe li8t goe.% on. Financial position Inve%tment income received during the year tola]led £389,626 (2024: £379,984). Tolai expenditure for the Ye was £307,566 (2024: £338,432) with the decre&se due to one off fees relating lo repair.s & maintenance and legal costs occurring in the prior year. Total grants paid in the year were £120,000 compared lo £98.0(M) in the prior year. Gains on investmenLS during the year totalled £181,974 (2024 restated: £166,987), which was made up of unreajised gains of £181,974 on inveslTnent property (2024 restated.. £156.023) and realised gains of £Nil (2024 restated: £10,9EA) on fixed asset investments. The surplus for the year lotalled £2fA.034 (2024 r¢51ated: £208,539). The balance of unrestricted funds at 31 March 2025 was £5.014.480 (2024 restated: £4,750,446). Page I
THE IRON BRIDGE TRUST Report of the Trnstees FOR THE YEAR ENDED 31ST MARCH 2025 FINANCTAL REVIEW Reserves policy The ttustees of The tron Bridge Trust have 8gTeed that the charity should hold enough reserves to cover at least six months of expenditu in order tt) not have cashflow concerns. This would equate lo approximately £160.(XX). Ai the year end the charity's free reserves were £5,014,480 (2024 restated.. £4,750.446) which will be used to further the Chily'S objectives. STRU, GOVERNANCE AND MANAGEMENr Governing document The charity is controlled by its governtng documenL a deed of trust and constitutes an unincorporated charity. If a new tntee is required the Board will look lo appoint .8omeone who hold the values required in order to assist those in need across all areas that the charity SUPPOrts. REFERENCE AND ADMINISTRATtVEDETAtLS Registered Charlty number 1138292 Prlnclpal address Rivendell Parkfield Sevenoaks Kenl TN15 OHX Trustees J Bennett Dr Y H Bennett Dr S Bennett R Bennett A Bennett Miss F Bennett J Bennett, Dr Y H Bennett. Dr S Bennett and R Bennett held title to propety belongTng to the chartty on the date the report WI approved. Auditors Htlden Park Accountants Limited Charted Accountants & Statutory Auditors Hilden Park House 79 Tonbridge Road Hildenborough Tonbridge Kent TNII 9BH Bankers H5Andelsbanken 1st Floor 50-52 LA)ndon Road Bligh's Meadow TN13 IAS Page 2
THE IRON BRJDGE TRUST Report of the Trustees FOR THE YEAR ENDED 31ST MARCH 2025 REFERENCE AND ADMINisfRA TIVE DETAs Property Advisor5 Savills 72 High Street Sevenoaks Kent TN13 IJR DJ Alexander Lettings Lld I Wemyss Place, Edinburgh EH3 6DH srATEMENT OF TRUSTEES, RESPONSIBILfTIES The trustees are responsible for preparing the Report of the Trustees and Ibe financial statements in accordance with applicdbl¢ law and United Kingdorn ALcounting Standards (United Kingdom Generally Accepted Accounting Practice). Charity law requires the trustee8 lo prepare financial statements for eacb financial year. Under that law, the trustees have elected to ppare the fincincial slalements in accordomce with Uniled Kingdom Gcnerally Accepted Accounting Practice (United Kingdom AcLounling standid5 Éind applicable law). Under c.harity law the. Iruslees musl iioi approve thc financial %llltemenls unless they are satisfied thill they give ¢1 true and fair view of the 5t¢tte ot 4lffair% of the charirv aiid of Ilie incoming resourccs and appliLaiion of resDllrLe%. inLludin&Y the incomc cxpcndilurc, of Ihc charity for Ihiil period. In prcp&irilift thosc finaiici1&1 .4taieiiiciil%, tiic Iru%lec% arc rcquired sclecl .4uilablc 41L'counling poliLies dliLI Iheii ¢ipply Il)ein Lon5i%leiiily: observe the method¥ und piinciple8 in the Cl)<irilies SORP; make judgemcnls and cslimales that rea%onable aiid pDJdent' prep<ire Ihe financiiil .stLilemenl8 on ihe gToing concern basis unle%% il 1% inupproprii2lc Ir) pre8UTne Ihilt the charity wtll Lonlinue in bu%ii)c%s. The trustees are responsible for keeping proper accounting record5 which disclose with reasonable aLcuraLy at any time the financial position of the charity and to enable them to ensure th< the financial slalements comply with the Charities Act 2011 and The Charity (Aceounls and Reports) Regulation.$ 2008. They are also re8pon8ible for 8afe¥uarding the asset% of the charity and henLe for taking reasonable steps for the prevention and detection of fraud and other irrcgularities. Approved by order of the board of tNstees on .... . and signed on its behalf by: Dr Y H Bennell - T.ste¢ Page 3
Report of the Independent Auditors to the Trllstees of The Iron Bridge Trust Opinion We have audiled the financial statements of The Iron Bridge Trust (the 'charily') for the year ended 31st March 2025 which comprise the Statement of Financial Activitie5, the Balance Sheet and notes to the financial statements. including summ2wy of significant accounting policies. The financial retK>rting framework that has been applied in their prepciralion is appliLable l¢iW and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the fjnancial stalemenls: give a true and fair view of the .state of the charity's affairs as at 31st Mwrh 2025 and of ils incoming resources and application of re8ouTces, for the year then ended: have Ien properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance with the requirements of the Charities Act 2011. Basis for opinion Wc conducled our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those Standd8 are further described in the Auditors, responsibilities for the audit of the fintÉncial statements section of our report. We are independent of the charity in accordance with the ethical requirernents that relevant to Our audit of Ihe financial slalements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical rcspon5ibilitics in accordancc with the,se rcquirements. We bclievc thal the audit evidence we have obtained is sufficicnt and appropriate lo provide a basis for our opinion. C(Jnclusions relatlng to going concern In audiiing ihe financial slatcmenls, wc havc concluded (hat the trnstees, use ot the gning cnncern ba%is of &ccount?ns in Ihc prcpv¢ ali()ri (Trf the financi1¢ I sliilemenl8 Is <ippropric11e. Babcd oli Ihc ii'oi'k. ii-'c1i.11'L pcI'fui'i)ieLI. ii'c Iiili'c not idciilifiLd Lin), Iiiatci'ial uiiLcil%iinlics I'elalin(' to ci'LiII.4 Ul. L()i)£lilioii.4 Ihdi. individual ly or ci)Ileciivcly. mciy .4ignificÉ1171 (1()ubi on i.hc chaiiiy's ¢ibiliiy lo Lonliniie ¢1% cl gl[)ing? Ll)llLern for 21 peri()d ul ill Icasl IwL.IvL IiiL)nili% Iiuiii ivliLI) Iliu fiiiJi)Lia5 slillciii¥iils 4U'L 41Liilioi'i.4ed I'oi- is%uc. Our rcsponsibililics and the re%ponsibililie% of ihc trustees with rcspccl lo gi)ingi concern are de%Lribed in the relcvant eLlion.s of Ihis i'eport. OthL'r iiifunnJ(ioii The tnistees are rcspDn%ible f()r the ()thcr InfoalIc)n. The other inform411ion comprises the infonnation includcd in the Annuaj Report. other than the financial stalcmcnts and our Report of the Independent Audilnr% Ihereon. Our r)pinion on the financi#l .slatemenl.s does not cnver the other inforniHtion and, except to the extent othenvise explicitly stated in our report. we do not express any fom of assurance conclulion Ihereon. In connection with our audit of the financiaI statements, our responsibility is lo read the other inforn)ation and. in doing so, consider whclher the other infomaiion is materially inconsistent with the financial stalemenLs or our knowledge obidined in the ¢iudit or otherwise appe5 to be materially rni55taled. If we identify such material inconsistencie5 or apparent materia] misslatements. we are required to dcterniine whether this gives rise lo a material misslaleTnent in ihe financial slatement5 themselves. If. based on the work we havc perfornied, we conclude that thcre is a material rnisstatemenl of this other inforniation, we are required to Teport that fact. We have nothing to report in this regard. Matters on which we are required to report by exception We have nothing lo report in respect of ihe following mlitters where the Charities (Accounts and Reports) Regulation5 2W8 requires us lo report lo you if. in our opinion: the infonnation given in the Report of the Trustees is inconsistent in any Material re5FUt with the financial 5tatetnents; or sufficient accounting Tecords have not been kept; or the financial statements are not in agreement with the accounting records and returns; or we have not received all the inforn]ation and explanations we require for OUT audit. Page 4
Ret of the Independent Audltors to the Trustees of The Iron Bridge Trust As explained more fully in the Statement of Trnstees. R)nsibilItIes. 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 deten is necessary to enable the preparation of financial staternents that are free from Mala1 rnis6tatemenL whether due to fraud or error. In preparing the financial stalenienis, the trust are wp)nsible foT assessing the charity'8 ability to continue &s 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 ce&8e operations, or have no realistic alternative but to do Page 5
Report of the Independent Auditors to the Trnstees of The Iron Bridge Trust Our rosponsibilities for the audit of the financial ststements We havc been ILppointed as auditurs under Section 144 of the ChIlleS Act 2011 and report in accordance with the Act and rclevanl regulations made or having effect thereunder. Our objectives dre to obtain reasonable assurance about whether the linancia] statements a5 a whole JTe free from material misstatement, whether due to fraud or error. and to issuc a Report of the Independeiit Auditors that tnclude.s our opinion. Reasonable assurance is a high level of iissufdnce. but 18 not a guarantee that an audit conducled in accordance with ISAS (UK) will always detect ¢1 material misqlatemenl when il exist%. Mis,8tatements can arise from fraud or eor and are considered material if, individually OT in the aggreg14 le, they could reasonably be expected to influence the economic decisions of user.8 taken on the basis of these financial stalemenls. Irregularilies, including fraud, are in81ances of non-compl1ice with law.s and regulations. We design procedures in line with our responsibililie%, outlined above, to delect material mis8latements in respect of irregularities, including fraud. The extent to which our pmccdures e cap(Ible of detecting Iegular1ties, iiicluding friiud is detsiled below. We obtained an under.8tgnding of the legal and regulatory frameworks that are applicable to the charity detern)ined thai the most significant which have (I direct material effect on the amounts and disclosures in the financiaI statements are the Charities Act 201 l and Charities SORP FRS102. We also ideniiticd other laws and itgulation5 which do not have a direct effect on the amounts and di%closure8 in the rinancial stalcmcnt%, but which cornplianLe is fundamcnlal to the enlily's vpvfiilion% including Data Protections Laws (including UK Gcneral Diilii Prolcction Regulation (GDPR) aiid enquiiL'S were ml¢de with management regarding proccdure.s in placc t() cnsure compliance. Havii)g revicwed the ILiWS and regul4ilions applicable lo the chartly. we de.4igned and Iierfornied audil prrJcedurL's l( hiain sufficicnl 2ipprnpri¢ilc cvidence. .Spccificnlly wc.. Assigned ilTt engagcmeiil Iciini l(? the 4111dil that collcclivLly h&id Ihc appiupriu(c ionipclL'IiLc, C<lP<ibililiLs skills (0 identify nr rcLugni.4c non-Lomi)liaiiLC Wlth applicablc laws and regiiliiiions. Enquired willi m(inagement on any non ci)inpli<lnce with laws and rcgulalions. Reviewcd the legal expense account% and legal corrcspondencc to idcntify putenlial litigation or claims involvAng the cnlily. Rei'ieii'ed tnicrnJl policics and pi'occdurcs and Lxternal guidilnLC. Revittw¢d the ¢ompleieness and accuracy vf u55ociated disclosures made in the t'inancial stL11emenl.s. Wc assessed the 8usceptibility of the charity'4 flnancial statements lo materiul misstatemenl and fraud and in doing so: Considered whether thcre were ea8 of the financial Flatemenis particularly susceptible lo fraud and enquired with manageinent as lo any knowii or suspcctcd inslunces of fraud and thcir ussessmenl of fraud risk. Considered whether management have incentives and r)pportunilies to manipulate financia] results and delerniined the key audit risks related lo cornpleteness of income. managemenl override ol controls and the valuation of inve%trnent properly. The risk of rnanagement override of control8 has been reviewed and audited, including through testing aLcounting estimates and other adjustments for appropriateness. Furthermore, analytical procedures were undertaken to identify any unusual or unexpected relationships and trdn8actions and the Tationale behind these was investigated. The risk ()f completeness of income has been reviewed Imd audited, including through substantive testing. 8Jong with a review of the appropriateness of the accounting FK)licy concerning Income recognition dnd completing detailed cut off testing either side of the balance sheet date. Designed and perfonned iudit procedure5 to obtain sulTicient appropriate evidence including substantive testing in relation to the valuation of investment property. The audit has been planned and perfornied in such a way as to best identify risks of materia] misstatement, however the inherent limitation5 of audit procedures means that there remains a risk that we will not detect all irregularities. including those leading to a jnalerial misstatement in the fiT)ancial slatements or non-COTnplTance with regulation. This risk increases the more that compliance with a law or regulation is removed from the evet]ts and transactions reflected in the rinancial statements, as we will be less likely lo become aware of instances of non-compliace. The risk is also greater regarding IrregulltieS oCCu1ng due to fraud rather than eor. as fraud involves intentional concealment. override of ontrols. forgery, collusion, onussion or misrepresentation. Page 6
Report of the Independent Auditors to the Trustees of The Iron Bridge Trust A fiirther description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at Www.frc.org.uaud1I0rSrespDnSibI]Ittes. This description forms part of our Report of the deFendent Auditors. Use of our report Th15 report is made solely to the charity's trus*es. as a iKMly. in accordance with Part 4 of the Chariiies (Accounts and Reports) Regulations 2008. Our audit Work h&s been undertaken so that we might state to the charity's tru51ees those rnat¢ers we are required to slate to them in auditors, report and for no other purpose. To the fullest exteni pfflnitted by law. we do not accept or FAssume responsibility to anyone other thaJJ the charity and the charity's lrnstees as a body, for our audit work, for this report or for the opinions we have forn)ed. ,lJ,, Hilden Park Accountants Limited ChaTted Accountants & Statutory Auditors Hilden Park House 79 Tonbridge Road HildenFrf)rough Tonbrldge Kent TNI19BH Date: ,... Page 7
THE JROIY BRIDGE TRUST Statement of Finandal Activlties FOR THE YEAR EIYDED 31 MARCH24I2S Unrestrlcted Totsi fimds as restated Notes INCOME AND ENDOWMENTS FROM Investrnent income 389,626 379.984 Raising fund8 80138 77.609 Charltable acdvldes Charitsble activities 227,028 200.823 Total 3(nA66 338.432 Net gains on investments 181974 166.987 IYET llYCOME 208.539 RECONCLLIATION OF FUNDS Total funds brought forward 75OA46 4541.907 5.014.480 4.750,446 The noles forni part of th&se fin8nciai statements Page 8
THE IRON BRIDGE TRUST Balance Sheet 31ST MARCH 2025 2024 Total funds as restated Unrostrieted Notes FtXED ASSETS Investment property 4,958,147 4.776.173 CURRENT ASSETS Debtors Cash at bank io 4,653 565,649 415.061 570J12 415.061 CREDITORS Amounts failing due within one year (50a27) (29.207) NET CURRENT ASSETS 519,975 385,854 TOTAL ASSETS LLSS CURRENT LIABILlEs 5,478.122 5.162.027 CREDoRs Amounts falling duc after morc Ihlln onc yc2 12 (463,642) (411.581) NET ASSETS 5,014,480 4.750.446 14 unStriCted fLJnds 5,014,48 4,750.446 TOTAL FUNDS 5,014,480 4,750,446 The fin<1 1)cial -%l,tements iiicie *lPPI'uved by the Board of Trustees and authorised for issue 22/o.J./ £......... on Dd w¢re Signed on its behalf by: Y H Bennett- Trustee The notes fonn part of these fuwicial statements Page 9
THE IRON BRIDGE TRUST
Notes to the Financial Statements
FOR THE YEAR ENDED 31ST MARCH 2025
ACCOUNTING POLICIFS
Basis of preparing the financial statements
The financial 8tatetnenls of the charily. which is a public benefit entiiy under FRS 102, have been prepared in
acmrdance with the Charities SORP (FRS l(r2) 'Accounting and RertI1]g by Charities: Statement of
Rccommended Practice applicable to charitie8 preFwing their accuunts in accordan with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),.
Fiiiancial Reporting Standard 102 The Financial Reporting Standurd applicable in the UK and Republic of
Ireland, and the Ch(wilies Act 2011. The financial statements have been prepared under the historical cost
conventioii, with the exception of investments which are included at markct value. as modified by the revaluation
of certain d55els.
Income
All income 18 recognised in the Statement of Financial Activities once the charity has entitlement lo the funds, it
is probable that the income will bc received and the amount can be measured Teliably.
Rents received are recognised in the peiiod in which they relate.
Expenditure
Liabililics are reLogniwl il% expenditure a.% $01)ll Ihere 1.4 a Irgal or con%lructive obligation commiltinL the
chartty lo that expenditure, it probable that u trun%ter of eL()nomiL benefits will be rcquircd in seltlement and
the amnunt of the obliivtition can be Tneabured reliably. Expenditijre 18 sjccounted For on an accruals bll.4i% and has
been clas.sified linder heu(ling.% Ihul d&&preLiuie all co%1 IEldleil Ii) (he LuleLTrurv.
The ch¢irily only hcls l)iic Lhiiril
TKE IRON BRIDGE TRUST Notes to the Financial Statements- continued FOR TIIE YEAR ENDED 31ST MARCH 2025 INVESTMENT INCOME 2025 2024 &g restated Rents received Other investment income 389504 122 379,984 389,626 379.984 RAISING FUNDS Ralslng donatlons and legacies 2025 as resLated Management fees 77.009 GRANfs PAYABLE 2025 2024 as rc%lalLd Charil(Ible (ILlivitiCl> 120,000 98.OUO Thc iolal granL%' paid to inNiiluiion.s during the year wa% follows.. 2025 2024 115 rc.4lated Grants paid 120.OIH 98.000 Breakdown of grants paid based on charitable activity: 2024 as reslated Elderly care Caring for those with physical disabilities C]ng for those wilh mental disabilities Chring for vulnerable children Support for caters 14,OiM) 36,0(Kl 28,000 23,000 19,000 14.(K)O 35.500 16,5(X) 23.5(MJ 8.5(K) 120,000 98.OIKJ Page 11 continued...
THE IRON BIUDGE TRUST Notes to the Financial Statements - continued FOR THE YEAR ENDED 31ST MARCH 2025 SUPPORT COSTS Govem¢ince Losls Findnce Oilicr Totals Charitable activities 36,215 48,942 21,871 107,028 Support costs. included in the atK)ve, are as follows: 2025 2024 as restated Tot activities Cliarilable Iclivitieb Bank charges Insurttnce Light and heat Council tax Repairs dnd renewal.8 Auditor.S' Temuneration Accountancy Legal fees 36,215 7,092 356 3,122 38J72 7,140 2,100 12,631 36,466 10,180 92 1,872 60078 6,940 44.39S 162,823 TRUSTEES, REMUNEIL4TION AND BENEFITS There were no trustees. remuner&tion or ()ther benefits for the year ended 3 1st March 2025 nor for the year ended 3 1st March 2024. Trnstee8' expens During the year one trustee was reimbursed expense5 totalling £40 relating to investrnent property costs. Totals costs reimbursed in the year ended 31 March 2024 We £3,643. Of these expenses, £2,643 related to investment property costs and the remaining £l.OIXI related to a reimbursement of a grant payment lo a charity. PRIOR YEAR ADJUSTMENT A prior year udjustment has been made in relation to investment property. The adjustment is for the fair value adjustment to the investment property balance at 31 March 2024. The adjustment results in an increase in the investment prop¢rty balance by £156.023 from £4,620,150 to £4.776.173. The effect the opening unrestricted fi]nds at l April 2024 is an increase of £156,023 from £4.594.423 to fA,750,446. The restated net gains on investments per the Statement of Financial Activities for the PTior year is £166,987 and restated net income is £208,539, with Erf)th figures being an increase of £156.023. Page 12 continued...
THE IRON BRtDGE TRUST Notes to the Financial Statements - continued FOR THE YEAR ENDED 31sr MARCH 2025 NET GAINS ON tNVLSTMENTS Breakdown of net gains on investments is as follows: 2025 2024 as restated Unrealised gains on investment propety Realised gains on fixed asset investments 181,974 156,023 10.964 181,974 166,987 INVESTMENT PROPERTY FAIR VALUE At 1st April 2024 Revaluation 4,776,173 181,974 At 31st March 2025 4,95&147 NET BOOK VALUE Al 31 st M<irch 2025 4,958,147 At 31st mLh 2024 4.776,173 Thc inve5tmeTJl property valued by the iru,stees as at 31 March 2025 on an open market basis. io. DEBTORS: AM05 FALLING DUE wfrHIN OIYE YEAR 2025 2024 as resiated Other debtors 4.653 11. CREDITORS: AMOUNTS FALLING DUE ONE YEAR 21)25 2024 as restated Bank loans and overdrafts (see note 13) Trade creditors Other creditors 24238 9,180 16909 21,107 8,1(K) 50,327 29,207 Page 13 continued...
TIiE IRON BRtDGE TRUST Notes to the Financial Statements - continued FOR THE YEAR ENDED 31ST MARCH 2025 12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 LS re%l<lted Bank loans (see note 13) 463,2 411.581 13. LOANS An analysis of the maturity of loans is given below: 202S as restated Amounts falling due within one year on demand: Battk loans 24238 21.107 Amount5 falling between one and two years: Bank loan.¥ - 1-2 years 24238 21.107 Amounts falling due between Iwo and ftve years.. Bank loan8 - 2-5 ye8r5 439,404 63.320 Amounts fulling duc in more than five years: R¢payablc by iiislatmenls: Bank loans mure 5 yr by ii18tdl 327.154 The Hw)delsbankeD loan is secured against property owned by the charity. 14. MOVEMEKf IN FUNDS Nel movement in funds At 31.3.25 At 1.4.24 Unrestricled ndS Generaj fund 4,750,446 264034 5.014,480 TOTAL FUIYDS 4,750,446 264,034 5,014,480 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and 1055es Movement in funds Unrestricted funds General fund 389,626 (3(flS66) 181,974 264,034 TOTAL FUls 389,626 (307566) 181,974 264,034 Page 14 continued..
THE IRON BRIDGE TRUST Notes to the FUla1 Statements - CODtinued FOR THE YEAR EiYDED 31ST MARCH 2025 I& MOVEME[ FUNDS. continued Comparatives for movement 5n funds Net movement in funds At 31.3.24 At 1.4.23 UDTrstrleted funds General fund 4,54J,SY)7 208.539 4,750,446 TOTAL FUNDS 4,541,907 208.539 4,750.446 Comparative net movement in fijnds, included in the above are as follows: Incoming resources Resources expended Gain8 and losses Movement in funds Unrutrlcted funds General fijnd -379,984 (338.432) 166,987 208.539 TOTAL FUNDS -379.984 (338,432) 16(1 £Jli7 208.539 15. RELATED PARTY DLSCLOSURES There were no related party trdnsaclions other Ihaji the trustees, expenses disclosed in note 6. Page 15
THE IRON BRIDGE TRUST Detailed Statement of Financial Activiti FOR THE YEAR ENDED JIST MARCH 2025 2025 2024 as resta*d INCOME AND EIYDOIVMENTS InVtment Income Rents received Other investment income 389,504 122 379.984 389,626 379.984 Total incomlng resourc&s 389,626 379,984 EXPENDjRE Ralsing donAtions and legacies Management fees 80J38 77.609 Charitsble aetivlties GranLs lo institution.5 120,0 98,0 Support costs Flnance Bank charges 36,215 36.466 Other Insurance LTght (Ind heat Couiicil IèLX RepaAr8 and renewals 7,092 356 3,122 38J72 10.J80 92 1.872 60.878 942 73.022 Governance costs Auditors, remuneration Accountancy Legal fees 7,140 2,IIKI 12,631 6,940 44,395 21,871 53,335 Total resources expended 307,566 338.432 Iyet income before gains and losses 82,060 41,552 Realised recognised gains and losses Revaluation gainsnosses fixed asset investments 10.964 Net income 82,060 52,516 This page does not fonn part of the statutory financial statements Page 16