## **TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
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 for Smaller Entities (the FRSSE) (effective 1 January 2015).
## **OBJECTIVES AND ACTIVITIES**
Principle objectives and activities for the public benefit
The principal activities of the business are: -
(1) To act as a resource for young people living in Tees Valley by providing advice and assistance and organising programmes of physical education and other activities as a means of:
• Advancing in life and helping young people by developing their skills, capacities and capabilities to enable them to participate in society as independent, mature and responsible individuals.
- Advancing education.
- Relieving unemployment.
• Providing recreational and leisure time activity in the interests of social welfare for people living in the area of benefit who have need by reason of their youth, age, infirmity or disability, poverty or social and economic circumstances with a view to improving the conditions of life of such persons.
(2) To advance the education by such means as the trustees deem fit, in particular but not exclusively by assisting the provision of facilities not required by the local education authority and promoting learning for pleasure by people no longer in full time employment
1
through the continued development of their individual capabilities, competences, skills and understanding in subjects of educational value.
(3) To promote the capacity and skills of the members of socially and economically disadvantaged communities in the Tees Valley in such a way that they are better able to identify and help meet their needs and to participate more fully in society.
The Trustees have had due regard to guidance published by the Charity Commission on public benefit.
## **FINANCIAL REVIEW**
Reserves policy
The trustees believe that the charity should hold financial reserves because it has no endowment funding and is entirely dependent upon donor funding from year to year which is inevitably subject to fluctuation and it needs to ensure that it can meet its contractual liabilities as they fall due.
In light of the above, the Trustees have established a policy whereby the unrestricted reserves should be no less than three months of wages and salaries expenditure. This would equate to unrestricted reserves of approximately £7,500. The Trustees are currently taking steps to try and secure funding to meet the reserves policy.
## **Achievements and Performance**
The trustees are pleased to report continued progress in delivering Iron Guidance’s charitable purposes during the reporting period. Our activities have contributed significantly to supporting children, young people, and families across the region, particularly those experiencing socio-economic disadvantage. Key achievements include:
## **Holiday Activity Funding (HAF) Delivery:**
Secured HAF funding from Stockton Council and Middlesbrough Council to provide free school holiday provision during Easter, Summer, and Christmas. This included structured activities, enrichment opportunities, and access to hot meals for children eligible for free school meals.
- **STEM Engagement and Meal Provision:** Over 1,000 children accessed our free fourweek STEM programme. As part of this provision, we supplied 2,400 meals and
2
facilitated 30 educational trip days, contributing to improved learning opportunities and reduced food insecurity.
## **Expansion into Redcar and Cleveland:**
Successfully obtained HAF funding from Redcar and Cleveland Council, enabling us to broaden our geographic reach and support additional families.
## **Support for Disadvantaged Families:**
Received funding from Billingham Town Council to deliver a weekly Teatime Club, offering a safe environment, nutritional food, and enrichment activities for children from disadvantaged areas.
## **Food Hampers for Families in Need:**
Delivered food hampers to families experiencing hardship, funded by the Food Power Network.
Additionally, every child attending our Christmas HAF provision received a festive hamper, and each participating family was provided with a winter warmer hamper, helping to alleviate seasonal pressures.
## **Fundraising Initiatives:**
- Held two fundraising events to strengthen financial sustainability and increase community engagement **.**
These activities demonstrate the charity’s commitment to advancing education, promoting wellbeing, and relieving hardship in line with our charitable objectives.
## **Plans for future periods**
In accordance with SORP guidance, the trustees have considered the principal aims and objectives for the forthcoming period. Planned activities and developments include:
Organisational Development:
- Recruitment of a part-time administration assistant to increase operational capacity.
- Expansion of the Board of Trustees to strengthen governance and strategic oversight.
- Securing a permanent base for Iron Guidance to ensure stability and support continued growth.
Service Delivery and Community Impact:
Continued provision of Essential Goods Hampers for families experiencing hardship.
3
- Relaunch of the Children’s University programme within schools and the wider community.
- Delivery of Crucial Crew at Teesside University for Middlesbrough primary schools.
- Broadening opportunities for children, young people, and the wider community through additional enrichment programmes.
Funding and Financial Sustainability:
- Increasing income through additional fundraising events and diversified funding applications.
- Ongoing applications to the Middlesbrough Holiday Activity Fund for summer provision.
- Continued pursuit of HAF funding from Redcar and Cleveland Council.
- Development of a structured strategy to engage local businesses for financial support and partnership opportunities benefiting young people.
Expansion of Learning Opportunities:
- Widening the range of Children’s University Learning Destinations to provide more inclusive and varied enrichment experiences.
The trustees believe these planned activities will strengthen the charity’s capacity, increase impact, and ensure continued alignment with Iron Guidance’s charitable purposes..
Name:
Date:
Signed:
On behalf of the Trustees
4
## **Iron Guidance**
**Charity No. 1157824**
**Company No. 07445366**
**Trustee's Report and Unaudited Accounts**
**31 March 2025**
Iron Guidance
Contents
Pages
Page 1
**Iron Guidance Trustees Annual Report**
The trustee, who is also a director of the charity for the purposes of the Companies Act 2006, presents their report with the unaudited financial statements of the charity for the year ended 31 March 2025.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 07445366**
## **Charity No. 1157824**
## **Registered Office**
26 Hurworth Road Billingham TS23 3LU
## **Director and Trustee**
The Director of the charitable company are its Trustee for the purposes of charity law. The following Director and Trustee served during the year:
## **Key Management Personnel**
|Trustee|Mrs S M Davison|
|---|---|
|Trustee|Mr M J De Launay|
|Trustee|Mr M Howard|
|Trustee|Dr H Madden|
|Trustee|Ms E Waites|
|Trustee|Mr D J Williams|
## **Accountants**
HiCloud Accounting Limited Unit 7 Wheatcroft Business Park Landmere Lane Nottingham NG12 4DG
## **Bankers**
Nat West PLC 123 High Street Stockton on Tees TS18 1DR
The Trustee is responsible for keeping proper accounting records that 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 Companies Act 2006. The Trustee is also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 2
**Iron Guidance Trustees Annual Report**
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Company Secretary
31 March 2025
Page 3
**Iron Guidance Statement of Financial Activities**
## **for the year ended 31 March 2025**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Charitable activities
5
Other
6
**Total**
**Expenditure on:**
Charitable activities
7
Other
8
**Total**
Net gains on investments
**Net expenditure**
Transfers between funds
**Net expenditure before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
3,750
3,716
362|**Restricted**
**funds**
**2025**
**£**
-
57,719
-|**Total funds**
**2025**
**£**
3,750
61,435
362|**Total funds**
**2024**
**£**
8,858
107,461
385|
|---|---|---|---|---|
||7,828
714
11,983|57,719
53,782
7,937|65,547
54,496
19,920|116,704
94,952
33,255|
||12,697
-|61,719
-|74,416
-|128,207
-|
||(4,869)
-|(4,000)
-|(8,869)
-|(11,503)
-|
||(4,869)|(4,000)|(8,869)|(11,503)|
||(4,869)
(2,269)|(4,000)
4,000|(8,869)
1,731|(11,503)
13,234|
||(7,138)|-|(7,138)|1,731|
Page 4
**Iron Guidance Summary Income and Expenditure Account for the year ended 31 March 2025**
|Income
**Gross income for the year**
Expenditure
**Total expenditure for the year**
Net expenditure before tax for the year
**Net expenditure for the year**|**2025**
**£**
65,547
65,547
74,416
74,416
(8,869)
(8,869)|**2024**
**£**
9,243|
|---|---|---|
|||9,243|
|||21,821|
|||21,821|
|||(12,578)|
|||(12,578)|
Page 5
**Iron Guidance Balance Sheet**
## **at 31 March 2025**
|**at 31 March 2025**||||
|---|---|---|---|
|**Company No.**
**07445366**|**Notes**|**2025**|**2024**|
|||**£**|**£**|
|**Current assets**||||
|Debtors|10|1,804|5,634|
|Cash at bank and in hand||4|10,645|
|||1,808|16,279|
|**Creditors:**Amount falling due within one year|11|(8,946)|(14,548)|
|**Net current (liabilities)/assets**||(7,138)|1,731|
|**Total assets less current liabilities**||(7,138)|1,731|
|**Net (liabilities)/assets excluding pension asset or liability**||(7,138)|1,731|
|**Total net (liabilities)/assets**||(7,138)|1,731|
|**The funds of the charity**||||
|**Restricted funds**|12|||
|Restricted income funds||-|4,000|
|||-|4,000|
|**Unrestricted funds**|12|||
|General funds||(7,138)|(2,269)|
|||(7,138)|(2,269)|
|**Reserves**|12|||
|**Total funds**||(7,138)|1,731|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 March 2025
And signed on its behalf by:
Trustee
31 March 2025
Page 6
**Iron Guidance Notes to the Accounts**
## **for the year ended 31 March 2025**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
**Iron Guidance Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 8
**Iron Guidance Notes to the Accounts**
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
Page 9
**Iron Guidance**
## **Notes to the Accounts**
## 3 **Statement of Financial Activities - prior year**
|3|**Statement of Financial Activities - prior year**|||||||
|---|---|---|---|---|---|---|---|
|||||**Unrestricted**||**Restricted**||
|||||**funds**||**funds**|**Total funds**|
|||||**2024**||**2024**|**2024**|
|||||**£**||**£**|**£**|
|**Income and endowments from:**||||||||
||Donations and legacies|||8,858||-|8,858|
||Charitable activities|||-||107,461|107,461|
||Other|||385||-|385|
|**Total**||||9,243||107,461|116,704|
|**Expenditure on:**||||||||
||Raising funds|||2,132||-|2,132|
||Charitable activities|||19,689||106,386|126,075|
|**Total**||||21,821||106,386|128,207|
|**Net income**||||(12,578)||1,075|(11,503)|
|**Net income before other**
**gains/(losses)**||||(12,578)||1,075|(11,503)|
|**Other gains and losses:**||||||||
|**Net movement in funds**||||(12,578)||1,075|(11,503)|
|**Reconciliation of funds:**||||||||
|Total funds brought forward||||10,309||2,925|13,234|
|**Total funds carried forward**||||(2,269)||4,000|1,731|
|4|**Income from donations and legacies**|||||||
|||||**Unrestricted**||**Total**|**Total**|
|||||||**2025**|**2024**|
|||||**£**||**£**|**£**|
|||||3,750||3,750|8,858|
|||||3,750||3,750|8,858|
|5|**Income from charitable activities**|||||||
|||**Unrestricted**||**Restricted**||**Total**|**Total**|
|||||||**2025**|**2024**|
|||**£**||**£**||**£**|**£**|
|||3,716||57,719||61,435|107,461|
|||3,716||57,719||61,435|107,461|
Page 10
**Iron Guidance Notes to the Accounts**
## 6 **Other income**
|7
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
_Governance costs_
Accountancy
8
**Other expenditure**
Wages & Salaries
Employee costs
Premises costs
General administrative costs
Legal and professional costs
9
**Staff costs**
Social security costs
Pension costs
No employee received emoluments in excess
10 **Debtors**
Trade debtors
Other debtors
Prepayments and accrued income|**Unrestricted**
**£**
-
714
714
**Unrestricted**
**£**
8,050
1,327
907
1,598
101
11,983
of £60,000.|**Unrestricted**
**£**
362
362|**Total**
**2025**
**£**
362
362|**Total**
**2024**
**£**
385|
|---|---|---|---|---|
|||||385|
||||||
|||**Restricted**
**£**
53,782
-
53,782
**Restricted**
**£**
7,937
-
-
-
-
7,937
**2025**
1,255
72
1,327
**2025**
**£**
-
1,804
-
1,804|**Total**
**2025**
**£**
53,782
714
54,496
**Total**
**2025**
**£**
15,987
1,327
907
1,598
101
19,920|**Total**
**2024**
**£**
92,635
2,317|
|||||94,952|
|||||**Total**
**2024**
**£**
30,548
-
35
2,528
144|
|||||33,255|
|||||**2024**
-
-|
|||||-|
|||||**2024**
**£**
3,256
2,310
68|
|||||5,634|
Page 11
**Iron Guidance Notes to the Accounts**
11 **Creditors:** amounts falling due within one year
|Other taxes and social security
Other creditors
Accruals
12 **Movement in funds**
**At 1 April**
**2024**
**Restricted funds:**
**Restricted income funds:**
Billingham Legacy Fun
-
Catalyst
-
Middlesborough Council
-
NHS North East & Cumbria
4,000
Tees Valley
-
Stockton Borough Council
-
_Total_
4,000
**Unrestricted funds:**
**General funds**
(2,269)
**Total funds**
1,731
Purposes and restrictions in relation to the funds:
Restricted funds:
Billingham Legacy Fun
Catalyst
Middlesborough Council
NHS North East & Cumbria
Tees Valley
Stockton Borough Council|**2025**
**£**
19
8,213
714
8,946
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
500
1,557
52,862
-
2,500
300
57,719
7,828
65,547|**Resources**
**expended**
**£**
(500)
(1,557)
(52,862)
(4,000)
(2,500)
(300)
(61,719)
(12,697)
(74,416)|**2024**
**£**
1,281
11,467
1,800|
|---|---|---|---|
||||14,548|
||||**At 31**
**March**
**2025**
**£**
-
-
-
-
-
-|
||||-|
||||(7,138)|
||||(7,138)|
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
## 13 **Analysis of net assets between funds**
|Net current assets|**Unrestricted**
**funds**
**£**
(7,138)
(7,138)|**Total**
**£**
(7,138)|
|---|---|---|
|||(7,138)|
Page 12
**Iron Guidance Notes to the Accounts**
## 14 **Reconciliation of net debt**
|**Reconciliation of net debt**||||
|---|---|---|---|
|Cash and cash equivalents
Net debt|**At 1 April**
**2024**
**£**|**Cash flows**
**£**|**At 31**
**March**
**2025**
**£**|
||10,645|(10,641)|4|
||10,645
10,645|(10,641)
(10,641)|4|
||||4|
|||||
|**Commitments**
**_Operating lease commitments_**
Annual commitments under non-cancellable operating leases
**2025**
**Land and**
**buildings**
**£**
Operating leases with expiry date:
**_Pension commitments_**
The pension cost charge to the company
amounted to:|are as follows:
**2025**
**Other**
**£**
**2025**
**£**
72|**2024**
**Land and**
**buildings**
**£**|**2024**
**Other**
**£**
**2024**
**£**
-|
## 15 **Commitments**
## 16 **Related party disclosures**
## _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 13
**Iron Guidance Detailed Statement of Financial Activities**
## **for the year ended 31 March 2025**
|**Income and endowments from:**
Donations and legacies
Charitable activities
Other
**Total income and endowments**
**Expenditure on:**
Charitable activities
Governance costs
Accountancy
**Total of expenditure on charitable**
**activities**
Other expenditure
Wages & Salaries
Employee costs
Employer's NIC
Pension costs
Premises costs
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Bank charges
General insurances
Stationery and printing
Subscriptions
Sundry expenses|**Unrestricte**
**d funds**
**2025**
**£**
3,750
3,750
3,716
3,716
362
362
7,828
-
-
714
714
714
8,050
8,050
1,255
72
1,327
907
907
185
282
145
459
22|**Restricted**
**funds**
**2025**
**£**
-
-
57,719
57,719
-
-
57,719
53,782
53,782
-
-
53,782
7,937
7,937
-
-
-
-
-
-
-
-
-
-|**Total funds**
**2025**
**£**
3,750
3,750
61,435
61,435
362
362
65,547
53,782
53,782
714
714
54,496
15,987
15,987
1,255
72
1,327
907
907
185
282
145
459
22|**Total funds**
**2024**
**£**
8,858|
|---|---|---|---|---|
|||||8,858|
|||||107,461|
|||||107,461|
|||||385|
|||||385|
|||||116,704
92,635|
|||||92,635|
|||||2,317|
|||||2,317|
|||||94,952
30,548|
|||||30,548|
|||||-
-|
|||||-|
|||||35|
|||||35|
|||||212
148
71
529
322|
Page 14
## **Iron Guidance**
## **Detailed Statement of Financial Activities**
|**ron Guidance**
**Detailed Statement of Financial Activities**|||||
|---|---|---|---|---|
|Telephone, fax and broadband
Legal and professional costs
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net expenditure**
**Net expenditure before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|505
1,598
101
101
11,983
12,697
-
(4,869)
(4,869)
-
(4,869)
(2,269)
(7,138)|-
-
-
-
7,937
61,719
-
(4,000)
(4,000)
-
(4,000)
4,000
-|505
1,598
101
101
19,920
74,416
-
(8,869)
(8,869)
-
(8,869)
1,731
(7,138)|1,246|
|||||2,528|
|||||144|
|||||144|
||||||
|||||33,255|
|||||128,207
-|
|||||(11,503)|
|||||(11,503)
-|
|||||(11,503)|
|||||13,234|
|||||1,731|
Page 15
## **Iron Guidance**
**Charity No. 1157824**
**Company No. 07445366**
**Trustee's Report and Unaudited Accounts**
**31 March 2025**
Iron Guidance
Contents
Pages
Page 1
**Iron Guidance Trustees Annual Report**
The trustee, who is also a director of the charity for the purposes of the Companies Act 2006, presents their report with the unaudited financial statements of the charity for the year ended 31 March 2025.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 07445366**
## **Charity No. 1157824**
## **Registered Office**
26 Hurworth Road Billingham TS23 3LU
## **Director and Trustee**
The Director of the charitable company are its Trustee for the purposes of charity law. The following Director and Trustee served during the year:
## **Key Management Personnel**
|Trustee|Mrs S M Davison|
|---|---|
|Trustee|Mr M J De Launay|
|Trustee|Mr M Howard|
|Trustee|Dr H Madden|
|Trustee|Ms E Waites|
|Trustee|Mr D J Williams|
## **Accountants**
HiCloud Accounting Limited Unit 7 Wheatcroft Business Park Landmere Lane Nottingham NG12 4DG
## **Bankers**
Nat West PLC 123 High Street Stockton on Tees TS18 1DR
The Trustee is responsible for keeping proper accounting records that 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 Companies Act 2006. The Trustee is also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 2
**Iron Guidance Trustees Annual Report**
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
Company Secretary
31 March 2025
Page 3
**Iron Guidance Statement of Financial Activities**
## **for the year ended 31 March 2025**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Charitable activities
5
Other
6
**Total**
**Expenditure on:**
Charitable activities
7
Other
8
**Total**
Net gains on investments
**Net expenditure**
Transfers between funds
**Net expenditure before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
3,750
3,716
362|**Restricted**
**funds**
**2025**
**£**
-
57,719
-|**Total funds**
**2025**
**£**
3,750
61,435
362|**Total funds**
**2024**
**£**
8,858
107,461
385|
|---|---|---|---|---|
||7,828
714
11,983|57,719
53,782
7,937|65,547
54,496
19,920|116,704
94,952
33,255|
||12,697
-|61,719
-|74,416
-|128,207
-|
||(4,869)
-|(4,000)
-|(8,869)
-|(11,503)
-|
||(4,869)|(4,000)|(8,869)|(11,503)|
||(4,869)
(2,269)|(4,000)
4,000|(8,869)
1,731|(11,503)
13,234|
||(7,138)|-|(7,138)|1,731|
Page 4
**Iron Guidance Summary Income and Expenditure Account for the year ended 31 March 2025**
|Income
**Gross income for the year**
Expenditure
**Total expenditure for the year**
Net expenditure before tax for the year
**Net expenditure for the year**|**2025**
**£**
65,547
65,547
74,416
74,416
(8,869)
(8,869)|**2024**
**£**
9,243|
|---|---|---|
|||9,243|
|||21,821|
|||21,821|
|||(12,578)|
|||(12,578)|
Page 5
**Iron Guidance Balance Sheet**
## **at 31 March 2025**
|**at 31 March 2025**||||
|---|---|---|---|
|**Company No.**
**07445366**|**Notes**|**2025**|**2024**|
|||**£**|**£**|
|**Current assets**||||
|Debtors|10|1,804|5,634|
|Cash at bank and in hand||4|10,645|
|||1,808|16,279|
|**Creditors:**Amount falling due within one year|11|(8,946)|(14,548)|
|**Net current (liabilities)/assets**||(7,138)|1,731|
|**Total assets less current liabilities**||(7,138)|1,731|
|**Net (liabilities)/assets excluding pension asset or liability**||(7,138)|1,731|
|**Total net (liabilities)/assets**||(7,138)|1,731|
|**The funds of the charity**||||
|**Restricted funds**|12|||
|Restricted income funds||-|4,000|
|||-|4,000|
|**Unrestricted funds**|12|||
|General funds||(7,138)|(2,269)|
|||(7,138)|(2,269)|
|**Reserves**|12|||
|**Total funds**||(7,138)|1,731|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 March 2025
And signed on its behalf by:
Trustee
31 March 2025
Page 6
**Iron Guidance Notes to the Accounts**
## **for the year ended 31 March 2025**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
**Iron Guidance Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 8
**Iron Guidance Notes to the Accounts**
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
Page 9
**Iron Guidance**
## **Notes to the Accounts**
## 3 **Statement of Financial Activities - prior year**
|3|**Statement of Financial Activities - prior year**|||||||
|---|---|---|---|---|---|---|---|
|||||**Unrestricted**||**Restricted**||
|||||**funds**||**funds**|**Total funds**|
|||||**2024**||**2024**|**2024**|
|||||**£**||**£**|**£**|
|**Income and endowments from:**||||||||
||Donations and legacies|||8,858||-|8,858|
||Charitable activities|||-||107,461|107,461|
||Other|||385||-|385|
|**Total**||||9,243||107,461|116,704|
|**Expenditure on:**||||||||
||Raising funds|||2,132||-|2,132|
||Charitable activities|||19,689||106,386|126,075|
|**Total**||||21,821||106,386|128,207|
|**Net income**||||(12,578)||1,075|(11,503)|
|**Net income before other**
**gains/(losses)**||||(12,578)||1,075|(11,503)|
|**Other gains and losses:**||||||||
|**Net movement in funds**||||(12,578)||1,075|(11,503)|
|**Reconciliation of funds:**||||||||
|Total funds brought forward||||10,309||2,925|13,234|
|**Total funds carried forward**||||(2,269)||4,000|1,731|
|4|**Income from donations and legacies**|||||||
|||||**Unrestricted**||**Total**|**Total**|
|||||||**2025**|**2024**|
|||||**£**||**£**|**£**|
|||||3,750||3,750|8,858|
|||||3,750||3,750|8,858|
|5|**Income from charitable activities**|||||||
|||**Unrestricted**||**Restricted**||**Total**|**Total**|
|||||||**2025**|**2024**|
|||**£**||**£**||**£**|**£**|
|||3,716||57,719||61,435|107,461|
|||3,716||57,719||61,435|107,461|
Page 10
**Iron Guidance Notes to the Accounts**
## 6 **Other income**
|7
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
_Governance costs_
Accountancy
8
**Other expenditure**
Wages & Salaries
Employee costs
Premises costs
General administrative costs
Legal and professional costs
9
**Staff costs**
Social security costs
Pension costs
No employee received emoluments in excess
10 **Debtors**
Trade debtors
Other debtors
Prepayments and accrued income|**Unrestricted**
**£**
-
714
714
**Unrestricted**
**£**
8,050
1,327
907
1,598
101
11,983
of £60,000.|**Unrestricted**
**£**
362
362|**Total**
**2025**
**£**
362
362|**Total**
**2024**
**£**
385|
|---|---|---|---|---|
|||||385|
||||||
|||**Restricted**
**£**
53,782
-
53,782
**Restricted**
**£**
7,937
-
-
-
-
7,937
**2025**
1,255
72
1,327
**2025**
**£**
-
1,804
-
1,804|**Total**
**2025**
**£**
53,782
714
54,496
**Total**
**2025**
**£**
15,987
1,327
907
1,598
101
19,920|**Total**
**2024**
**£**
92,635
2,317|
|||||94,952|
|||||**Total**
**2024**
**£**
30,548
-
35
2,528
144|
|||||33,255|
|||||**2024**
-
-|
|||||-|
|||||**2024**
**£**
3,256
2,310
68|
|||||5,634|
Page 11
**Iron Guidance Notes to the Accounts**
11 **Creditors:** amounts falling due within one year
|Other taxes and social security
Other creditors
Accruals
12 **Movement in funds**
**At 1 April**
**2024**
**Restricted funds:**
**Restricted income funds:**
Billingham Legacy Fun
-
Catalyst
-
Middlesborough Council
-
NHS North East & Cumbria
4,000
Tees Valley
-
Stockton Borough Council
-
_Total_
4,000
**Unrestricted funds:**
**General funds**
(2,269)
**Total funds**
1,731
Purposes and restrictions in relation to the funds:
Restricted funds:
Billingham Legacy Fun
Catalyst
Middlesborough Council
NHS North East & Cumbria
Tees Valley
Stockton Borough Council|**2025**
**£**
19
8,213
714
8,946
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
500
1,557
52,862
-
2,500
300
57,719
7,828
65,547|**Resources**
**expended**
**£**
(500)
(1,557)
(52,862)
(4,000)
(2,500)
(300)
(61,719)
(12,697)
(74,416)|**2024**
**£**
1,281
11,467
1,800|
|---|---|---|---|
||||14,548|
||||**At 31**
**March**
**2025**
**£**
-
-
-
-
-
-|
||||-|
||||(7,138)|
||||(7,138)|
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
## 13 **Analysis of net assets between funds**
|Net current assets|**Unrestricted**
**funds**
**£**
(7,138)
(7,138)|**Total**
**£**
(7,138)|
|---|---|---|
|||(7,138)|
Page 12
**Iron Guidance Notes to the Accounts**
## 14 **Reconciliation of net debt**
|**Reconciliation of net debt**||||
|---|---|---|---|
|Cash and cash equivalents
Net debt|**At 1 April**
**2024**
**£**|**Cash flows**
**£**|**At 31**
**March**
**2025**
**£**|
||10,645|(10,641)|4|
||10,645
10,645|(10,641)
(10,641)|4|
||||4|
|||||
|**Commitments**
**_Operating lease commitments_**
Annual commitments under non-cancellable operating leases
**2025**
**Land and**
**buildings**
**£**
Operating leases with expiry date:
**_Pension commitments_**
The pension cost charge to the company
amounted to:|are as follows:
**2025**
**Other**
**£**
**2025**
**£**
72|**2024**
**Land and**
**buildings**
**£**|**2024**
**Other**
**£**
**2024**
**£**
-|
## 15 **Commitments**
## 16 **Related party disclosures**
## _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 13
**Iron Guidance Detailed Statement of Financial Activities**
## **for the year ended 31 March 2025**
|**Income and endowments from:**
Donations and legacies
Charitable activities
Other
**Total income and endowments**
**Expenditure on:**
Charitable activities
Governance costs
Accountancy
**Total of expenditure on charitable**
**activities**
Other expenditure
Wages & Salaries
Employee costs
Employer's NIC
Pension costs
Premises costs
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Bank charges
General insurances
Stationery and printing
Subscriptions
Sundry expenses|**Unrestricte**
**d funds**
**2025**
**£**
3,750
3,750
3,716
3,716
362
362
7,828
-
-
714
714
714
8,050
8,050
1,255
72
1,327
907
907
185
282
145
459
22|**Restricted**
**funds**
**2025**
**£**
-
-
57,719
57,719
-
-
57,719
53,782
53,782
-
-
53,782
7,937
7,937
-
-
-
-
-
-
-
-
-
-|**Total funds**
**2025**
**£**
3,750
3,750
61,435
61,435
362
362
65,547
53,782
53,782
714
714
54,496
15,987
15,987
1,255
72
1,327
907
907
185
282
145
459
22|**Total funds**
**2024**
**£**
8,858|
|---|---|---|---|---|
|||||8,858|
|||||107,461|
|||||107,461|
|||||385|
|||||385|
|||||116,704
92,635|
|||||92,635|
|||||2,317|
|||||2,317|
|||||94,952
30,548|
|||||30,548|
|||||-
-|
|||||-|
|||||35|
|||||35|
|||||212
148
71
529
322|
Page 14
## **Iron Guidance**
## **Detailed Statement of Financial Activities**
|**ron Guidance**
**Detailed Statement of Financial Activities**|||||
|---|---|---|---|---|
|Telephone, fax and broadband
Legal and professional costs
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net expenditure**
**Net expenditure before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|505
1,598
101
101
11,983
12,697
-
(4,869)
(4,869)
-
(4,869)
(2,269)
(7,138)|-
-
-
-
7,937
61,719
-
(4,000)
(4,000)
-
(4,000)
4,000
-|505
1,598
101
101
19,920
74,416
-
(8,869)
(8,869)
-
(8,869)
1,731
(7,138)|1,246|
|||||2,528|
|||||144|
|||||144|
||||||
|||||33,255|
|||||128,207
-|
|||||(11,503)|
|||||(11,503)
-|
|||||(11,503)|
|||||13,234|
|||||1,731|
Page 15