**COMPANY REGISTRATION NUMBER: 13281287 CHARITY REGISTRATION NUMBER: 1198886** 

## **Teesside Airport Foundation Company Limited by Guarantee Unaudited Financial Statements** 

## **31 March 2025** 

## **CHIPCHASE MANNERS** 

Chartered Accountants 384 Linthorpe Road Middlesbrough TS5 6HA 



## **Teesside Airport Foundation** 

## **Company Limited by Guarantee** 

## **Financial Statements** 

## **Year ended 31 March 2025** 

||**Page**|
|---|---|
|Trustees' annual report (incorporating the director's report)|**1**|
|Independent examiner's report to the trustees|**3**|
|Statement of financial activities (including income and||
|expenditure account)|**4**|
|Statement of financial position|**5**|
|Notes to the financial statements|**6**|
|**The following pages do not form part of the financial statements**||
|Detailed statement of financial activities|**15**|
|Notes to the detailed statement of financial activities|**16**|





**Teesside Airport Foundation** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** 

## **Year ended 31 March 2025** 

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. 

## **Reference and administrative details** 

**Registered charity name** Teesside Airport Foundation **Charity registration number** 1198886 **Company registration number** 13281287 **Principal office and registered** Teesside Airport Business Suite **office** Teesside International Airport Darlington DL2 1NJ 

## **The trustees** 

Ms E Dixon Mr B Raymond Robinson Ms A Nicholls Mr A Cumiskey Mr D Waine Ms B Boden Mr T Zipfel **Company secretary** Mrs J Murphy **Independent examiner** Martin Firth 384 Linthorpe Road Middlesbrough TS5 6HA 

## **Structure, governance and management** 

Trustees are selected through a rigorous interview process and appointed based on their ability to support the charity in achieving its objectives for the region. Shortlisting and selection are conducted by a panel. 

## **Objectives and activities** 

Teesside Airport Foundation is a fundraising charity that exists to support the people of Darlington, Hartlepool, Middlesbrough, Redcar, Cleveland, and Stockton on Tees in achieving their ambitions in education and employment and to assist in the regeneration of the area. 

Grants have been allocated to small organizations in the locality and schools to support education programmes aligned with Charity's purpose. The charity also makes grants to individuals. 

**1** 



## **Teesside Airport Foundation** 

## **Company Limited by Guarantee** 

## **Trustees' Annual Report (Incorporating the Director's Report)** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **Achievements and performance** 

The Charity continues to strengthen its position to ensure its objectives are achieved by its values and vision for the people of the Tees Valley. Trustees continue to explore fundraising options in collaboration with Teesside International Airport to reach and benefit as many people as possible. A calendar of events and proposals will be reviewed for 2026 to enable the Charity to widen its charitable cause and civic duty further across the tees valley, and to engage with young people to help achieve their personal and career aspirations, particularly in schools and colleges. The grants that have been awarded have enabled schools to embrace new technological advances in classrooms, thus raising the aspirations of young people. We have again given grants local charitable causes to allow people to gain experience in various activities and work opportunities such as Adult Social Care, Catering, Finance, General Administration and Reception. 

As a Charity we still have a considerable amount of work to do to achieve our financial aims and objectives by 2026. However, the Board intends to appoint further Ambassadors and Trustees during 2026 to develop expertise in specialist areas to drive fundraising activities forward. 

## **Financial review** 

The charity's policy is to retain reserves, in the form of unrestricted funds, to a level where they equate to approximately 6 months of expenditure. This should provide a reasonably secure financial base on which to plan future projects and commit to related expenditure before external funding has been fully secured. The unrestricted fund shows a decrease of £1,971 during the year. There are restricted funds in regards to the minibus purchased in this year, which is represented by the asset's net book value. The balance sheet shows aggregate reserves of £42,682 at 31 March 2025. 

The results for the year and the charity's financial position at the end of the year are shown in the attached financial statements. The Trustees are satisfied with the overall financial position of the charity and can confirm that the charity has resources to fully discharge its obligations. 

## **Small company provisions** 

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption. 

The trustees' annual report was approved on 16 December 2025 and signed on behalf of the board of trustees by: 

Mr B Raymond Robinson Trustee 

**2** 



**Teesside Airport Foundation** 

## **Company Limited by Guarantee** 

## **Independent Examiner's Report to the Trustees of Teesside Airport Foundation Year ended 31 March 2025** 

I report to the trustees on my examination of the financial statements of Teesside Airport Foundation ('the charity') for the year ended 31 March 2025. 

## **Responsibilities and basis of report** 

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’). 

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner's statement** 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 

1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 

2. the financial statements do not accord with those records; or 

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or 

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

Martin Firth Independent Examiner 384 Linthorpe Road Middlesbrough TS5 6HA 

16 December 2025 

**3** 



## **Teesside Airport Foundation** 

## **Company Limited by Guarantee** 

## **Statement of Financial Activities (including income and expenditure account)** 

## **Year ended 31 March 2025** 

||||**2025**||2024|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|**Total funds**|Total funds|
||**Note**|**£**|**£**|**£**|£|
|**Income and endowments**||||||
|Donations and legacies|**5**|5,137|47,714|52,851|2,249|
|||�������|��������|��������|�������|
|**Total income**||5,137|47,714|52,851|2,249|
|||�������|��������|��������|�������|
|**Expenditure**||||||
|Expenditure on raising funds:||||||
|Costs of raising donations and||||||
|legacies|**6**|132|–|132|–|
|Expenditure on charitable activities|**7,8**|6,726|8,946|15,672|1,676|
|Other expenditure|**10**|250|–|250|–|
|||�������|��������|��������|�������|
|**Total expenditure**||7,108|8,946|16,054|1,676|
|||�������|��������|��������|�������|
|||�������|��������|��������|�������|
|**Net income and net movement in**|**funds**|(1,971)|38,768|36,797|573|
|||�������|��������|��������|�������|
|**Reconciliation of funds**||||||
|Total funds brought forward||5,885|–|5,885|5,312|
|||�������|��������|��������|�������|
|**Total funds carried forward**||3,914|38,768|42,682|5,885|
|||�������|��������|��������|�������|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

**The notes on pages 6 to 13 form part of these financial statements.** 

**4** 



## **Teesside Airport Foundation** 

## **Company Limited by Guarantee** 

## **Statement of Financial Position** 

## **31 March 2025** 

|||**2025**|2024|
|---|---|---|---|
||**Note**|**£**|£|
|**Fixed assets**||||
|Tangible fixed assets|**15**|38,768|–|
|**Current assets**||||
|Debtors|**16**|2,653|–|
|Cash at bank and in hand||2,191|6,305|
|||�������|�������|
|||4,844|6,305|
|**Creditors: amounts falling due within one year**|**17**|(930)|(420)|
|||�������|�������|
|**Net current assets**||3,914|5,885|
|||��������|�������|
|**Total assets less current liabilities**||42,682|5,885|
|||��������|�������|
|**Net assets**||42,682|5,885|
|||��������|�������|
|**Funds of the charity**||||
|Restricted funds||38,768|–|
|Unrestricted funds||3,914|5,885|
|||��������|�������|
|**Total charity funds**|**18**|42,682<br>��������|5,885<br>�������|



For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

Directors' responsibilities: 

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; 

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. 

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. 

These financial statements were approved by the board of trustees and authorised for issue on 16 December 2025, and are signed on behalf of the board by: 

Mr B Raymond Robinson Trustee 

**The notes on pages 6 to 13 form part of these financial statements.** 

**5** 



**Teesside Airport Foundation** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** 

## **Year ended 31 March 2025** 

## **1. General information** 

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Teesside Airport Business Suite, Teesside International Airport, Darlington, DL2 1NJ. 

## **2. Statement of compliance** 

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. 

## **3. Accounting policies** 

## **Basis of preparation** 

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## **Going concern** 

There are no material uncertainties about the charity's ability to continue. 

## **Disclosure exemptions** 

No cash flow statement has been presented for the company. 

## **Judgements and key sources of estimation uncertainty** 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

## **Fund accounting** 

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. 

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. 

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. 

**6** 



**Teesside Airport Foundation** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

**3. Accounting policies** _**(continued)**_ 

## **Incoming resources** 

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: 

- income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. 

- legacy income is recognised when receipt is probable and entitlement is established. 

- income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. 

- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 

## **Resources expended** 

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: 

- expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods. 

- expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. 

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. 

## **Tangible assets** 

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 

**7** 



**Teesside Airport Foundation** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **3. Accounting policies** _**(continued)**_ 

## **Tangible assets** _**(continued)**_ 

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities.  A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. 

## **Depreciation** 

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

Motor vehicles - 25% reducing balance 

## **Impairment of fixed assets** 

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. 

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. 

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. 

## **Financial instruments** 

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. 

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 

Debt instruments are subsequently measured at amortised cost. 

**8** 



**Teesside Airport Foundation** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **4. Limited by guarantee** 

Teesside Airport Foundation is a company limited by guarantee and accordingly does not have a share capital. 

## **5. Donations and legacies** 

|||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|---|
|||Funds|Funds|**2025**|
|||£|£|**£**|
|**Donations**|||||
|TIAL Donations||1,626|6,999|8,625|
|TVCA Staff Christmas raffle||–|–|–|
|Launch event cash collection||–|–|–|
|Charity Bake Sale||–|–|–|
|TAF takeoff event||–|–|–|
|TVCA Christmas Jumper day||–|–|–|
|Teesside Charity||3,150|–|3,150|
|MGL Trust||–|40,715|40,715|
|Friends of Durham||361|–|361|
|||�������|��������|��������|
|||5,137|47,714|52,851|
|||�������|��������|��������|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2024|
|||£|£|£|
|**Donations**|||||
|TIAL Donations||471|–|471|
|TVCA Staff Christmas raffle||342|–|342|
|Launch event cash collection||81|–|81|
|Charity Bake Sale||130|–|130|
|TAF takeoff event||481|–|481|
|TVCA Christmas Jumper day||744|–|744|
|Teesside Charity||–|–|–|
|MGL Trust||–|–|–|
|Friends of Durham||–|–|–|
|||�������|����|�������|
|||2,249|–|2,249|
|||�������|����|�������|
|**Costs of raising donations and legacies**|||||
||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
||Funds|**2025**|Funds|2024|
||£|**£**|£|£|
|Costs of raising donations and legacies|||||
|- Donations|132|132|–|–|
||����|����|����|����|



**6. Costs of raising donations and legacies** 

**9** 



## **Teesside Airport Foundation** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **7. Expenditure on charitable activities by fund type** 

||||Unrestricted|Restricted|**Total Funds**|
|---|---|---|---|---|---|
||||Funds|Funds|**2025**|
||||£|£|**£**|
||Support costs||6,726|8,946|15,672|
||||�������|�������|��������|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2024|
||||£|£|£|
||Support costs||1,676|–|1,676|
||||�������|����|�������|
|**8.**|**Expenditure on charitable activities**|**by activity type**||||
|||||**Total funds**|Total fund|
||||Support costs|**2025**|2024|
||||£|**£**|£|
||Governance costs||15,672|15,672|1,676|
||||��������|��������|�������|
|**9.**|**Analysis of support costs**|||||
||||Analysis of|||
||||support costs|||
||||activity 1|**Total 2025**|Total 2024|
||||£|**£**|£|
||Travel and subsistence||–|–|1,000|
||Subscriptions||35|35|170|
||Accountancy fees||510|510|420|
||Bank Charges||102|102|86|
||Insurance||2,653|2,653|–|
||Legal and professional fees||3,000|3,000|–|
||IT support||426|426|–|
||Depreciation||8,946|8,946|–|
||||��������|��������|�������|
||||15,672|15,672|1,676|
||||��������|��������|�������|
|**10.**|**Other expenditure**|||||
|||Unrestricted|**Total Funds**|Unrestricted|Total Funds|
|||Funds|**2025**|Funds|2024|
|||£|**£**|£|£|
||Donations paid|250|250|–|–|
|||����|����|����|����|
|**11.**|**Net income**|||||
||Net income is stated after charging/(crediting):|||||
|||||**2025**|2024|
|||||**£**|£|
||Depreciation of tangible fixed assets|||8,946|–|
|||||�������|����|



**10** 



**Teesside Airport Foundation** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **12. Independent examination fees** 

||**2025**|2024|
|---|---|---|
||**£**|£|
|Fees payable to the independent examiner for:|||
|Independent examination of the financial statements|510<br>����|420<br>����|



## **13. Staff costs** 

The average head count of employees during the year was Nil (2024: Nil). The average number of full-time equivalent employees during the year is analysed as follows: 

||**2025**|2024|
|---|---|---|
||**No.**|No.|
|Number of Trustees|7|7|
||����|����|



No employee received employee benefits of more than £60,000 during the year (2024: Nil). 

## **14. Trustee remuneration and expenses** 

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 

## **15. Tangible fixed assets** 

||||**Motor**|
|---|---|---|---|
||||**vehicles**|
||||**£**|
||**Cost**|||
||At 1 April 2024||–|
||Additions||47,714|
||||��������|
||**At 31 March 2025**||47,714|
||||��������|
||**Depreciation**|||
||At 1 April 2024||–|
||Charge for the year||8,946|
||||��������|
||**At 31 March 2025**||8,946|
||||��������|
||**Carrying amount**|||
||**At 31 March 2025**||38,768|
||||��������|
||At 31 March 2024||–|
||||��������|
|**16.**|**Debtors**|||
|||**2025**|2024|
|||**£**|£|
||Other debtors|2,653|–|
|||�������|����|



**11** 



## **Teesside Airport Foundation** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **17. Creditors: amounts falling due within one year** 

||||**2025**|2024|
|---|---|---|---|---|
||||**£**|£|
|Trade creditors|||420|–|
|Accruals and deferred income|||510|420|
||||����|����|
||||930|420|
||||����|����|
|**Analysis of charitable funds**|||||
|**Unrestricted funds**|||||
|||||**At**|
||At||**31**|**March 202**|
||1 April 2024|Income|Expenditure|**5**|
||£|£|£|£|
|General funds|5,885|5,137|(7,108)|3,914|
||�������|�������|�������|�������|
|||||At|
||At||31|March 202|
||1 April 2023|Income|Expenditure|4|
||£|£|£|£|
|General funds|5,312|2,249|(1,676)|5,885|
||�������|�������|�������|�������|
|**Restricted funds**|||||
|||||**At**|
||At||**31**|**March 202**|
||1 April 2024|Income|Expenditure|**5**|
||£|£|£|£|
|MGL Trust - Minibus|–|47,714|(8,946)|38,768|
||����|��������|�������|��������|
|||||At|
||At||31|March 202|
||1 April 2023|Income|Expenditure|4|
||£|£|£|£|
|MGL Trust - Minibus|–|–|–|–|
||����|����|����|����|



## **18. Analysis of charitable funds Unrestricted funds** 

**12** 



## **Teesside Airport Foundation** 

## **Company Limited by Guarantee** 

## **Notes to the Financial Statements** _**(continued)**_ 

## **Year ended 31 March 2025** 

## **19. Analysis of net assets between funds** 

||Unrestricted|**Total Funds**|
|---|---|---|
||Funds|**2025**|
||£|**£**|
|Tangible fixed assets|38,768|38,768|
|Current assets|4,844|4,844|
|Creditors less than 1 year|(930)|(930)|
||��������|��������|
|**Net assets**|42,682|42,682|
||��������|��������|
||Unrestricted|Total Funds|
||Funds|2024|
||£|£|
|Tangible fixed assets|–|–|
|Current assets|6,305|6,305|
|Creditors less than 1 year|(420)|(420)|
||�������|�������|
|**Net assets**|5,885|5,885|
||�������|�������|



## **20. Financial instruments** 

There have been no financial instruments used in the year. 

**13** 



**Teesside Airport Foundation** 

**Company Limited by Guarantee** 

## **Management Information** 

## **Year ended 31 March 2025** 

**The following pages do not form part of the financial statements.** 

**14** 



**Teesside Airport Foundation** 

## **Company Limited by Guarantee** 

## **Detailed Statement of Financial Activities** 

## **Year ended 31 March 2025** 

||**2025**|2024|
|---|---|---|
||**£**|£|
|**Income and endowments**|||
|**Donations and legacies**|||
|TIAL Donations|8,625|471|
|TVCA Staff Christmas raffle|–|342|
|Launch event cash collection|–|81|
|Charity Bake Sale|–|130|
|TAF takeoff event|–|481|
|TVCA Christmas Jumper day|–|744|
|Teesside Charity|3,150|–|
|MGL Trust|40,715|–|
|Friends of Durham|361|–|
||��������|�������|
||52,851|2,249|
||��������|�������|
||��������|�������|
|**Total income**|52,851|2,249|
||��������|�������|
|**Expenditure**|||
|**Costs of raising donations and legacies**|||
|Other office costs|132|–|
||��������|�������|
|**Expenditure on charitable activities**|||
|Insurance|2,653|–|
|Legal and professional fees|3,510|420|
|Other office costs|426|–|
|Depreciation|8,946|–|
|Bank Charges|102|86|
|Travel and Subsistence|–|1,000|
|Subscriptions|35|170|
||��������|�������|
||15,672|1,676|
||��������|�������|
|**Other expenditure**|||
|Donations paid|250|–|
||����|����|
||��������|�������|
|**Total expenditure**|16,054|1,676|
||��������|�������|
||��������|�������|
|**Net income**|36,797|573|
||��������|�������|



**15** 



## **Teesside Airport Foundation** 

## **Company Limited by Guarantee** 

## **Notes to the Detailed Statement of Financial Activities** 

## **Year ended 31 March 2025** 

||**2025**|2024|
|---|---|---|
||**£**|£|
|**Costs of raising donations and legacies**|||
|**Costs of raising donations and legacies - Donations**|||
|Catering|132|–|
||����|����|
||����|����|
|**Costs of raising donations and legacies**|132|–|
||����|����|
|**Expenditure on charitable activities**|||
|**Governance costs**|||
|Insurance|2,653|–|
|Accountancy costs|510|420|
|Legal and professional fees|3,000|–|
|IT support|426|–|
|Depreciation|8,946|–|
|Bank Charges|102|86|
|Travel and Subsistence|–|1,000|
|Subscriptions|35|170|
||��������|�������|
||15,672|1,676|
||��������|�������|
||��������|�������|
|**Expenditure on charitable activities**|15,672|1,676|
||��������|�������|



**16**