I O U LIMITED
IOU Ltd was established to promote, maintain, improve and advance education, particularly by the production of educational plays and the encouragement of the arts, including the arts of drama, mime, dance, singing and music, and to formulate, prepare and establish activities of a charitable nature.
Objects
TO PROMOTE, MAINTAIN, IMPROVE, AND ADVANCE EDUCATION, PARTICULARLY BY THE PRODUCTION OF EDUCATIONAL PLAYS AND THE ENCOURAGEMENT OF THE ARTS OF DRAMA, MIME, DANCE, SINGING AND MUSIC.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £37,314 for the year, with total funds carried forward of £217,493. The trustees note that the charity is dependent on continued support from grant-aiding bodies but believe this support will continue. Unrestricted reserves stood at £127,125, of which £106,125 was designated for specific purposes.
What the accounts disclose
“Grants Arts Council England - NPO funding 188,404”
“A designated fund for 'loss of core funding' was established in 2007/08. Since March 2019, £7,000 a year has been added to this fund, bringing the total to £72,000.” — page 18
“The charitable company is dependent on the continued support of grant aiding bodies. The trustees believe that the company will continue to receive this support and accordingly consider that it is appropriate to prepare the financial statements on the going concern basis.” — page 26
“The parent charity owns 100% of the share capital of Hebden Bridge Hostel Limited” — page 31
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- Helen Marriagechair
- Catherine Waddington
- Dr Alison Andrews
- Nancy Ellis
- Philip Boyes
- Samuel Clayton
- Sarah Louise Coulson
- Shirley May
- Stella Hall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £380k | £418k |
| 31/03/2024 | £333k | £415k |
| 31/03/2023 | £381k | £381k |
| 31/03/2022 | £432k | £483k |
| 31/03/2021 | £297k | £315k |
Common questions
Is I O U LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £37,314 for the year, with total funds carried forward of £217,493. The trustees note that the charity is dependent on continued support from grant-aiding bodies but believe this support will continue. Unrestricted reserves stood at £127,125, of which £106,125 was designated for specific purposes. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 08/05/2025 | £197k | "IOU at 50 - Building the North’s Hidden Super City" |
| UK government | 13/10/2022 | £188k | National Portfolio Organisations |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE YOUTH ENDOWMENT FUND CHARITABLE TRUST | 1 | £543k |
| IMPETUS - THE PRIVATE EQUITY FOUNDATION | 1 | £111k |
| JOHN SWIRE 1989 CHARITABLE TRUST | 1 | £77k |
| THE WARWICK TRUST | 1 | £20k |
| THE COLYER-FERGUSSON CHARITABLE TRUST | 1 | £15k |
| THE OLDHURST TRUST | 1 | £12k |
| VAUGHAN WILLIAMS FOUNDATION | 1 | £5k |
| SANDWICH TOLL BRIDGE FUND | 1 | £2k |
Charities like this
- IOL EDUCATIONAL TRUST
- OVO
- FERDINANDO & LUIGI INNOCENTI FOUNDATION
- INTERNATIONAL BACCALAUREATE ORGANIZATION (UK) LIMITED
- I CAN AND I AM LIMITED
- ARTSWORK LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| I O U LIMITED | £380k | — | 0 | unclear | — | noted |
| IOL EDUCATIONAL TRUST | £537k | £60,001 - £70,000 | 1 | unclear | — | noted |
| OVO | £689k | — | 0 | below | 30000.0% | no doubt |
| FERDINANDO & LUIGI INNOCENTI FOUNDATION | £649k | — | 1 | above | — | no doubt |
| INTERNATIONAL BACCALAUREATE ORGANIZATION (UK) LIMITED | £26.7m | £160,001 - £170,000 | — | above | — | noted |
| I CAN AND I AM LIMITED | £435k | more than £60,000 | 1 | above | — | noted |