IFG ENTERPRISES LIMITED

Company Registration Number:
07240242 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

IFG ENTERPRISES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

IFG ENTERPRISES LIMITED

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal activities of the company

IFG Enterprises Limited, with company number 07240242, was incorporated on 30 April 2010. The principal activity of the company in the period under review continues to be that of managing the commercial activity including events, project sponsorship, training and external room hire of the parent company - a charity and company limited by guarantee - Institute for Government. The company passes any surplus via gift aid to the parent company each year.

Additional information

The company was established to manage the commercial activity of the parent company. IFG Enterprises Ltd manages the following activities: sponsorship of projects and events and chargeable work undertaken by the IFG Academy. Revenue is generated by sponsorship of research and events (all editorial decisions remaining at the sole discretion of the Institute); by sponsorship of the political party conference events programme; by the activities of the IFG Academy in relation to training on engaging with government provided to academic or corporate bodies; by venue hire for meetings, events or filming at the Institute’s offices; and by rental of office space and support to Association of Chief Executives (ACE) and Public Chairs’ Forum (PCF) – membership organisations for the senior management of public bodies. Costs incurred by Institute for Government which relate to IFG Enterprises Ltd are re-charged on an annual basis by means of a management charge. This covers relevant staff salary costs, direct costs relating to events and an overhead allocation based on the number of days dedicated by Institute staff to activity invoiced by IFG Enterprises Ltd. IFG Enterprises Ltd will continue to operate in this way for the foreseeable future. Most of the company’s costs are directly related to the level of activity undertaken. In the absence of commercial activity, the company incurs minimal costs. Accordingly, the directors adopt the going concern basis in preparing the financial statements.



Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

Joseph Burns
 Hannah White
 Pauline Joy

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 September 2025

And signed on behalf of the board by:
Name: Joseph Burns
Status: Director

IFG ENTERPRISES LIMITED

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£
£
Turnover: 1,078,856 893,901
Cost of sales: ( 785,482 ) ( 732,537 )
Gross profit(or loss): 293,374 161,364
Administrative expenses: ( 4,085 ) ( 1,340 )
Operating profit(or loss): 289,289 160,024
Interest receivable and similar income: 3,134 964
Profit(or loss) before tax: 292,423 160,988
Profit(or loss) for the financial year: 292,423 160,988

IFG ENTERPRISES LIMITED

Balance sheet

As at 31 March 2025

Notes 2025 2024


£
£
Current assets
Debtors: 3 220,470 201,247
Cash at bank and in hand: 2,114,593 1,059,027
Total current assets: 2,335,063 1,260,274
Creditors: amounts falling due within one year: 4 ( 2,334,963 ) ( 1,260,174 )
Net current assets (liabilities): 100 100
Total assets less current liabilities: 100 100
Total net assets (liabilities): 100 100
Capital and reserves
Called up share capital: 100 100
Total Shareholders' funds: 100 100

The notes form part of these financial statements

IFG ENTERPRISES LIMITED

Balance sheet statements

For the year ending 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 10 September 2025
and signed on behalf of the board by:

Name: Joseph Burns
Status: Director

The notes form part of these financial statements

IFG ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover and profit before gift aid and taxation is attributable to income from events and project sponsorship, delivery of training courses and room hire at 2 Carlton Gardens. Turnover arises solely from within the United Kingdom. Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

    Other accounting policies

    The accounts have been prepared in accordance with FRS 102 section 1A small entities. The accounts have been prepared under the historical cost convention. The Directors have assessed the company’s financial position, its plans for the foreseeable future, the risks to which it is exposed and forecast projections and are satisfied that it remains appropriate to prepare the financial statements on the going concern basis. IFG Enterprises Limited has financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at amortised cost using the effective interest method. Financial liabilities held at amortised cost would include loans.

IFG ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

IFG ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Debtors

2025 2024
£ £
Trade debtors 199,670 143,809
Prepayments and accrued income 20,800 57,438
Total 220,470 201,247

IFG ENTERPRISES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Creditors: amounts falling due within one year note

2025 2024
£ £
Taxation and social security 61,800 26,002
Accruals and deferred income 67,775 88,840
Other creditors 2,205,388 1,145,332
Total 2,334,963 1,260,174