Charity registralion number 1051622 (England and Wales)
Company registration number 031419606
THE ISBOURNE FOUNDATION
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
Isbourne

THE ISBOURNE FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Mr M R Ratcliffe MBE
Mrs P R Ratclrffe
Mrs J S Hill
Charlty number (England and Wales) 1051622
Company number
031419606
Ré9lStered office
Wolseley House
Oriel Road
Cheltenham
Gloucestershire
United Kingdom
GL50 1TH
Independent examlner
BK Plus Limited
6 Manor Paik Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
England
GL519TX
Bankers
Lloyds Bank plc
130 High Street
Cheltenham
Glouceslershire
England
GL50 1EW
Sollcitors
Ilans
28 Imperial Square
Chellenham
Gloucestershi
GL50 1RH

THE ISBOURNE FOUNDATION
CONTENTS
Page
Trustees, report
Slalement of trusle8s' responsibilities
Independent examinels report
Statement of financial activities
Statement of financial position
10
Notes to the financial statements

THE ISBOURNE FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MA Y2024
The trustees presenl their annual report and financial slatemenls for the year ended 31 May 2024.
The financial statements have been prepared in accordan￿ wilh the accounting policies set out in note 1 to the
financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 The
Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 IFRS 102)
Objectives and activities
Objectlves and aims
The objects of the charity are to enable individuals to increase their knowledge through a range of evidence-based
activities in developing their self-awareness, resilience and wellbeing in harmony with natural and spiritual laws.
Slgn6fi¢ant activitios
The Isbourne offers a diverse range of services. including talks, workshops, and both accredited and non-accrediled
courses. In addition, we deliver a comprehensive Outreach programme, which is offered both in-house and at
exteinal venues ta reach communities in areas of deprivation. Our Workplace Wellbeing branch, formerly known as
Services for Business, continues lo grow, both providing a broad range of holistic wellbeing subjects.
Publlc b•n•fit
The trustees continued to follow the Charity Commission's guidance on public benefit when planning the year's
activities. This is outlined above under 'objective8 and aims, and b8low under'achievement and performance,.
Achlevements and performance
The Trustees are proud to report a successful year for The Isbourne, with key achievements and milestones
accomplished, reinforcing its posilion as a leading wellbeing hub in Glouceslershire. The Charity's commitment lo
improving the mental, physical, and spiritual wellbeing of individuals in the county and further afield has
slrenglhened its impact in the communily and beyond. The Isbourne has not only provided essenlial wellbeing
support but also expanded its reach, fostering resilience and positive change to a wide variety of individuals and
groups.
Str•ngthenlng Core Fa¢illtl•8
Restoring Activity Levels.. The Isbourne has successfully re-eslablished its in-house offerings, providing a
comprehensive range of courses, workshops, and classes tailored to a variety of wellbeing needs.
Enhanced Virtual Presence.. In recognition of the increasing demand for flexible access, our virtual offerings have
been continued, enabling individuals who face geographical or health barriers to continue benefiting from our
services remotely.
Expandlng Communlty Outreach
Community Wellbeing Pmgramn7e (CWP).. Our Community Wellbeing Programme has during the year seen a
significant increase in participalion. In providing free or low-cost courses. we have been able lo address key issues
such as anxiety, depression, trauma. and social isolation. helping people who othe￿iSe would have been unable to
access these helpful facilities. The programs are shaped by valuable participant feedback and collaboration with
community partners 5uGh as Social Prescribers, Primary Care Network5. Local Authorilies and other charities, who
focus on the wellbeing sector.
Community Outreach Successes:
We partnered with Cheltenham Borough Homes and other local community hubs to deliver tailored wellbeing
sessions.
We piloled a successful programme designated "Mindful Movement for Cogntiive Health. with plans for expansion in
2025.
We continued our successful outreach work with Cheltenham Open Door and other local grassroots organisalions,
ensuring support for vulnerable groups of people.

THE ISBOURNE FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
Posltlve Impact of Wellbelng Inltlatlves on the Communlty
The wellbeing programmes offered have significantly enriched the lives of parlicipants and so contributed to a
stronger, healthier community. These inilialives have empowered individuals, with practical tools and strategies to
improve their mental, emotional. physical and social wellbeing, foslering lasting positive change.
Some key outcomes include-.
Enhanced Personal Wellbeing and Skills Development.. Participants have reported learning practical strategies
which have had a tangible and positive impact on their daily lives.
Slrenglhened Communily Connections.. The courses have fostered meaningful relationships amongst participants,
cr8aling an inclusive and supportive environment where connections thrive.
High Levels of Satlsfaclion and Engagement.. Feedback consistently showed strong satisfaction, with participants
appreciating the engaging content, approachable facilitation, and interactive activities.
Gonstruclive PartlClP3nl Contributions.. The program's open approach has encouraged valuable feedback and
suggestions, contributing to ongoing improvemenl for future initialives.
Holistic ImpaGt aGross Diverse Groups.. The courses have been accessible to participants from a variely of
backgrounds, showcasing versatility and inclusivity.
P8rticipant Refjeclions. Attendees have shared how Ihe ¢OUTses have positively influenced their lives, helping them
to feel more connected, capable, and optimistic about their wellbeing journey.
Innovation In Programming and Accossiblllty
Accredited Learning Expansion." The Isbourne's courses have received 'Quality Endorsement, from 'AIM
Qualifications,, undersccring the commitment to high teaching and learning standard5.
Flexible Pricing Model,, The tiered pricing structure ensures that Ihe courses are financially accessible. Generous
supporters have contributed lo Ihe sponsored rate, enabling the charity to extend these services to those in need.
Enhanced Course Design.. In response to feedback, key adjuslments have been made to improve course
accessibility, such as simplifying the "Flowing Movement for Mind and Body Tai Chi for Dementia course, inlo the
more accessible"Gentle Movements for Cognilive Heallh."
Communlty and Oryanlsatlonal Collaborations
SfralegiG Partnerships.. The Isbourne's impactful collaborations with organisations such as Cheltenham Borough
Council, VCS Alliance and the NHS has been instfumental in delivering wellbeing inilialives and resources to wider
audiences.
tlvorkplace Wellbeing. We hosted wellbeing sessions for local businesses and organisations. including a Wellbeing
Retreat for the VCS Alliance. Additionally. we continue to provide tailored support to organisations such a5 the RAF
Widows Association.
Promoting Holistic Learniny and Resillence
Comprehensive Wellbeing Topics.. Courses cover a wide array of essential wellbeing topics, such as Mind-set &
Positive Change, Bereavement Support, Qigong, and Positive Tapping. empowering individuals into making lasting,
positive Changes in their lives.
Nelworking and Professional Development.. The Isboume hosted a successful networking event for lutors and
ther8pisls, which led to further training opportunities on digilal tools and marketing stralegies, improving ov8rall
delivery.

THE ISBOURNE FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
Digltal Tools for Wider Reach
Online Resources., The online resources, including videos. podcasts, YouTube tutorials, and webinars, have proved
to be a vital too1 in supporting the community- and these resources are playing a crucial role in broadening the
charity's outreach work.
Measurlng Impact
Significant Clienl Outcomes.. Evaluations have shown that 980￿ of participants felt empowered to make positive
changes in their lives after engaging with The Isbourne's services.
reslimonials Reffecl Success.. Feedback from participants consistently highlights profound transformations, such as
overcoming anxiety and improving sleep patterns after long-standing challenges.
In conclusion, The Isbourne's wellbeing programmes are making a profound and lasting impact on individuals,
families and communities across Gloucestershire and farther afield. By offering innovative wellbeing education and
fostering meaningful connections, the charity continues to support the mental, emotional, and physical wellbeing ol
ils participants. The Trustees extend their sincere gratitude to all those involved in delivefing these programs and
who continue to support the charity's ongoing mission in fostering resilience, connection, and p051tive change.
Financlal rovi•w
Investment policy and and objectives
Due lo the relatively low level of funds available for investment the Irust8es consider that bank deposits provide a
salisfactory return lo the charity.
Reserves poIIcy
The trustees annually review the reserves policy. bearing in mind the current and anticipated financial performance
and needs of the charity. The Iruslees, aim has consistently been lo hold sufficient unrestricted funds to cover two
months charitable expenditure in the event thal ther8 was a material reduction in income.
Following a challenging year lo 31 May 2023, unrestricted reseNes have improved in the year to 31 May 2024 but
not yet to a position where they have sufficient accumulated restricted funds to cover months of charitable
expenditure in accordance with the staled reserves policy.
Accumulated unrestricted funds remain in deficit at 31 May 2024. although to a much lower extent than twelve
months previously. The Trustees continue lo seek ways lo improve the financial performance of the charity as is
demonstrated in Future Plans noted below. At the same time the Iru51ees continue to rely on the Bounce Back Loan
that wa5 raised in a previous financi81 year to assist in the management of cash flow requirements.
The trustees will continue lo work hard towards achieving reserves in accordance with their target policy, accepting
that short term challenges wi51 be inevit8ble bul will be overcome by careful management of the charity to provide a
sustainable future.
Future Plans
Looking forward, the charily is committed to expanding its offerings to meet the growing needs of its communitie5,
and in doing so, building on the successes of the past year, we aim lo further develop our services, reach new
audiences, and conlinue fostering wellbeing across Gloucestershire and beyond.
Expansion of the Core Wellb?Ing Offer
We will continue to broaden the scope of our in-house and virtual courses to ensure accessibility for all. Plans
include..
Increasing Course Variely. We aim to inlroduce new wellbeing programs. particularly in areas like stress
management, youth mental health, and workplace wellbeing, to cater to a wider demographic.
Enhancing Virtts81 Delivery.- Wilh the growing demand for digital content, we will expand our virtual offerings to reach
individuals who are unable to attend in person, ensufing our services remain accessible lo all. regardless of location
or health constraints.

THE ISBOURNE FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
Deepenlng Communlty Engagement
We recognise the power of community partnerships in fostering wellbeing, and we will continue lo develop and
expand these collaborations..
Building Slmnger Partnerships.. Our goal is to forge deeper connections with local organisalions, including
healthcare providers and community hubs. to deliver tailored wellbeing initiatives which address specific local
needs.
Expansion of the Community Wellbeing Programme (GWP)." We plan to increase participation in our CWP, targeting
additional groups such as refugees, carers, and those al risk of mental health issues. We aim to reach even more
vulnerable populations Ihrough both in-peison and online courses.
Innovatlng and Improvlng Accessibility
We are committed to ensuring ihat all individuals are abse to access our seNices, regardless of their circumstances..
Innovsling Course Design.. We will continue to refine and adapt course content to belter serve those with additional
needs, including people with cognitive impairments or learning disabilities. ensuring that our course5 remain
inclusive and accessible.
Ti8r8d Pricing.. We will expand our financial accessibility efforts by offering more wellbeing sessions, maklng our
wellbelng servlces available to those who might Othe￿ise face financial barriers.
Expandlng Dlgltal Resources
In response to the growing digital engagement and the desire for flexible learning options, we wlll..
Increase Digital Content.. We plan to further develop our online resources, including podcasts, webinars, and
YouTube tutorials. ensuring that individuals can engage wilh wellbeing conlent at their own pace.
Launch New Digit81 Progrsms.- In addition to our existing offerings, we aim to create new, interactive digital courses
and resources which can be acce55ed globally, amplifying our impact and supporting wider audiences.
strengthenlng Professional D•v•lopmont
To ensure that we maintain the highest standards of provision and reach more individuals, we will focus on
supporting our professional affiliate members..
Training and D8velopment.' We will continue to offer training and networking opportunlties to our tutors and
Iherapists. with a particular focus on digilal skills, wellbeing trends, and our Community Wellbeing Programme.
Endorsement and Recognition.. We plan to Quality Mark more courses to enhance their credibility and recognition,
ensuring that participants receive high-quality, trusted wellbeing education.
Sustalnable Growth and Flnanclal Stability
As we continue to grow and expand our seNices, we will also focus on ensuring Ihe charity's long-term
sustainability,,
Fundraising and GranlApplications.- We will slrengthen our fundraising initiatives and continue to apply for grants
that support mental health and communily wellbeing, enabling us to further expand our program5 and reach more
people.
Sponsorslpip and Corporate Partnerships.. We will explore sponsorship and corporate partnership opportunities to
fund key inilialives, ensuring ihat we can deliver high-impact facilities while remaining financially stable.
Conclusion
The Isbourne's future is one of growth, innovation, and a continued commitment to communily wellbeing. With a
focus on expanding our core wellbeing offei, enhancing accessibilily, and forging stronger partnerships. we are
excited about the opportunity to positively impact even more lives in the years lo come.
The Trustees look forward to guiding Ihe charity through this exciting phase of development, ensuring that The
Isbourne continues to be a 'Beacon of Light, supporting. educaling and empowering all who wtsh lo improve their
personal wellbeing, wherever they may live.

THE ISBOURNE FOUNDATION
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
structurey governance and management
The charity is incorporated as a company limited by guaianlee and therefore it has no share capital. 11 is governed
by its Memorandum and Articles of Associalion dated 21 December 1995. In the event of the company being
wound up and the liabilities and winding up expenses being in excess of assets. the liability of each member is
limited lo £1.
Recruitment and appolntment of trustees
The power lo appoint new Iruslees is vested iii sutviving and continuing trustees.
Organisational structure
The charity is controlled by a Board of Iruslees which meets on a regular basis. Names of the trustees and advisers
to the charity are shown on page 1 of these financial stalements.
Related parties
The charity has a subsidiary company, The Isbourne College Lld (company number 8340086), whlch was formed to
produce profits that il donated to the charity. The subsidiary was active for two years from 1 June 2014 to 31 May
2016. Wilh effect from 1 June 2016 the subsidiary ceased lo operate as a separate entity and transferred all of ils
a¢livilies and assets to this charity. Details of other related party transactions are shown in note 21 to the financial
statements.
Rlsk management
The Iruslees have a duty to idenlify and review the risks lo which the charity is exposed and lo ensure appropriate
controls ar8 in pl8C81o provide reasonab18 assurance against fraud and error.
The trust
es, report was approved by Ihe Board of Trustees.
Mr M R Ratcliffe
Trustee
BE
26 February 2025

THE ISBOURNE FOUNDATION
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MA Y2024
The trustees, who are also the directors of The Isbourne Foundation for the purpose of company law, are
responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair
view of the stale of affairs of the charity and of the incoming resources and applicalion of resources, including the
income and expenditure, of the charitable company for that year.
In preparing these financial Statements. the Iruslees are required to=
select suitable accounting policies and then apply them consist8nlly;
observe the methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent.. and
prepare the financial statements on the going concern basis unless it is inappropriate to presume Ihal the charity
will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any lime the financial posilion of the charity and enable them to ensure that the financial statemen ts comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.

THE ISBOURNE FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE ISBOURNE FOUNDATION
I report to the trustees on my examination of Ihe financial stalemenls of The Isbourne Foundation {the charity) for
the year ended 31 May 2024.
Responsibilities and basis of report
As the trustees of Ihe charity (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.
Having salisfied myself that Ihe financial statements of the charity are nol required to be audited under Part 16 01
the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the
charity's financial statements carried out under section 145 of the Charilies Act 2011. In carrying out my examination
I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examlner's statement
Since the charity's gross income exceeded £250,000, the independent examiner must be a member of a body listed
in section 145 of the Charities Act 2011 . 1 confirm that l am qualified to undertake the examination because l am a
member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination.
As is more fully explained in the notes to the financial statements under the heading of 'Basis of preparing the
financial stalemenls, on page 11. the charity has suffered a significant adverse financial impact from the ongoing
impact of the covid-19 pandemic. the public's subsequent attitude to traditional charitable giving and a growing
reluctance amongst Local Authorities and other grant givers to contribule towards a charity's core running costs.
The impacl saw a fall in Ihe charity's turnover during the year to 31 May 2023. However, an increase in income in
the year to 31 May 2024 has seen the chaiily return to reporting a surplus for the period, although Ih8r8 remained a
deficit on unrestricted funds of £8,208 al the year-end,
In the aforementioned note lo the financial statements, the Iruslees have outlined the sleps that they have taken lo
enable the charity to continue to operate and lo relurn unrestricted funds to surplus on a regular basis. They also
refer in the same note to the ongoing challenges that the charity faces in continuing to cover core costs and lo
provide funding lor charitable activilies, the trustees conclude that they will succeed in their efforts and Ihal the
going concern basis of accounting Iherefore remains appropriate for these financial statements.
I draw attention to the note on page 11 regarding these matters and to the concerns that the trustees have
expressed regarding the ongoing challenges Ihat they face as a result of the uncertainties oullined above and the
potential effect of those uncertainties on the charity's ability to continue as a going concern.
I confirm that no matters have come to my allention in connection with the examination giving me cause lo believe
that in any material respect..
accoLtnting records were nol kept in respect of the charity as required by section 386 of the Companies Act
2006,
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting fequiremenls of section 396 of the Companies Act
2006 other than any requirement that the financial slatements give a true and fair view, which is not a matter
considered as part of an independenl examination. or
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 appllcable to charities
preparing their financial statements in accordance wilh the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102).
I confirm Ihat there are no other matters in connection with the examination to which altention should be drawn in
this report in order lo enable a proper understanding ofthe financial statemenls to be reached.
g)

THE ISBOURNE FOUNDATION
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE ISBOURNE FOUNDATION
Roger F Downes FCA
BK Plus Limited
6 Manor Park Business Centre
Mackenzie Way
Cheltenham
Gloucestershire
GL519TX
England
26 February 2025

THE ISBOURNE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MA Y2024
Unrgstrl¢tgd Rèstrict•d
funds
funds
2024
Total Unrestrlcted Restrlcted
funds
fundB
2023
Tolal
2024
2024
2023
2023
Notes
Income and endowments from:
Donations and legacies
161,455
Charitable activities
29,669
Other trading activities
1,475
Other income
84,117
7.SOO
168,955
29,669
13,573
84,117
141,431
28,823
1.185
55,540
11,580
153,011
28,823
2,397
55,540
12,098
1,212
Total income
276,716
19,598
296.314
226,979
12,792
239,771
Expondlture on:
Raising funds
Charitable aclivili8S
25
251,462
25
257.679
271,452
19,488
290,940
6,217
Total expendStur•
271,452
19,488
290,940
251,487
6,217
257,704
Not incomel{oxpendltur¢)
5,264
110
5.374
(24.508)
6,575
(17,9331
Transfers between
funds
4,031
(4,031)
(1,3741
1,374
Net movement In
funds
9,295
(3,921)
5.374
(25,8821
7,949
(17,9331
Reconciliation of funds:
Fund balances at 1 June 2023
(17,503>
8,344
(9.159)
8,379
395
8,774
Fund balances at 31 May
2024
(8,208)
4,423
(3,785)
(17,503)
8,344
(9,1591

THE ISBOURNE FOUNDATION
STATEMENT OF FINANCIAL POSITION
ASAT31 MAY2024
2024
2023
Notes
Fixed assets
Intangible as5els
Tangible assets
Investments
12
13
14
15,480
594
18,959
498
16,075
19,458
Current assets
Debtors
Cash at bank and in hand
11,969
14.671
12,790
9,214
26,640
22,004
Credltors: amounts falllng due
within one year
17
(21,278)
{20,356)
Net eurront assets
5,362
1,648
Total assets less current Ilabilitles
21,437
21,106
Cyedltors: amounts falllng due after
mor• than one year
18
(25,222)
130,2651
Net Ilabilities
(3,78S}
(9,159)
The funds of the charlty
Restricted income funds
Unrestricted funds
19
20
4,423
(8,208)
8,344
(17,503)
(3,785)
19,1 $91
The company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 May 2024.
The directors acknowledge their responsibilities for complying with the requirements of th& Companies Act 2006
with respect lo accounting Tecords and the preparation of financial slalements.
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 478.
These financial statements have been prepared in accordance with the provisions applicable to compani8s subject
lo the small companies regime.
The fin
cial statements were approved by the trustees on 26 February 2025
Mr M R Ralcliffe M8E
Trustee
Company registration number 031419606 (England and Wales)
10-

THE ISBOURNE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MA Y2024
Accounting pollcles
Charlty Information
The Isbourne Foundation is a private company limite(J by guarantee incorporated in England and Wales. The
registered offsce is Wolseley House, Oriel Road, Cheltenham, Gloucestershire. GL50 1TH, United Kingdom.
1.1 Accountlng convention
The financial stalements have been prepared in accordance with the charity's governing document, the
Companies Act 2006, FRS 102 "The Financial Reporling Standard applicable in the UK and Republic ol
Ireland" and the Charities SORP "Accounling and Reporting by Chaflties,. 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)" The charity is a Public Benefit Entity as defined by
FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of
cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monelary
amounts in Ihese financial slat8ments are rounded to the nearest £.
The financial statements have been prepared under the hislorical cost convention, modified to include the
revaluation of freehold properties end lo include investment properties and certain financial instruments at fair
value. The principal accounting policies adopted are set out below.
1.2 Going concern
At the lime of approving the financial statements, the trustees have a reasonable expectation that the charity
has adequate resources to continue in operational existence for Ihe foreseeable future. Thus the trustees
continue lo adopt the going concern basis of accounting in preparing the finanaal statements.
The charity has posted a surplus on ordinary activities, net of transfers, of £9,295 for the year to 31 May 2024,
although it still had a deficit of £8,208 on unrestricted funds at the year-end.
The trustees recognise that the charily has been in a challenging financial position since the outbreak of
covid-19 and that it continues lo be challenged as a result of the longer-term uncertainties created by th8
pandemic, the public's atlilude to charitable giving" in difficult financial and economic times, together with a
growing reluctance on the part of Local Authorities and other grant givers lo contribute towards core running
costs.
The trustees have considered the likely cash flow requirements of the charity for the forese8able future and
are confident of generating sufficient working capital funding by way of donations and grants lo enable il to
meet core costs. SeNices will be delivered to clients only where it is apparent that adequate directly-relaled
funding can be generated. Whilst this is clearly a disappointment lo the trustees, who remain very keen lo
see a return lo previous levels of service provision. it is deemed to be prudent in the present econ omic climate
and in the current financial circumslances of the charity.
As a result of the considerations noted above, the trustees are confident that the charity will be able to
continue to operate as a going concem and have prepared these financial statements on that basis.
11

THE ISBOURNE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
Accountlng policies
(Contlnued)
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out in the notes to the financial statements.
Further explanation of the nalure and purpose of each fund is included in the notes to the Financial
statements.
1.4 Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement lo the funds,
it is probable that the income will be received and the amount can be measured reliably.
Rents and seNice charge income are recognised in the period lo which they relate on an accruals basis.
Donations, trading and investment income are recognised on receipt.
Grant income is recognised on receipt unless there is a future obligation lo deliver services against that
income, in which case il is r8cognised when those servic8s are delivered.
1.5 Expendlturo
Liabilities are recognised as expenditure as soon as there is a legal OT constructive obligation committing Ihe
charity to that expenditure, it is probable that a transfer of economic benefits will be required in selllement and
the amount of the obligation can be measured reliably. Expenditure is accounled for on an accruals bashs and
has been classified under headings that aggregate all cost related to the category. Where costs cannot be
directly attributed to particular headings they have been allocaled to activities on a basis consistent with the
use of resources.
1.6 Intangible fixed assets
Website development costs are ¢apilalised at cost and amortised on a Siraight line basis over their estimated
useful economic life, which is currently considered by the trustees to be ten years.
1.7 Tanglblo flxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Fixtures and fittings
200k on cost
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.8 Taxation
The charity is exempl from corporation lax on ils charitable activities. It is not, however, exempt from VAT and
irrecoverable VAT 15 included in the cost of these items to which it relates.
12-

THE ISBOURNE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y 2024
Income from donations and legacies
Unrestrlcted Restrlcted
Total Unrèstrictèd Rg¥trlcted
lunds
funds
2023
2023
Total
funds
funds
2024
2024
2024
2023
Donations - individual,
business and other
chaTilable organisations
Grants
158,955
2,500
7,500
166,455
2,500
141,431
11,580
153,011
161,455
7,500
168.955
141,431
11,580
153,011
Incoma from charltable actlvlti•s
Unrestrlcted
funds
2024
Unrestrlctod
funds
2023
Course fees
29.669
28,823
Income from other trading activitles
Unrestrlcted R•strlcted
lunds
funds
2024
2024
Total Unrestrlcted Restrlct•d
Total
lunds
2023
funds
2024
2023
2023
Advertising income
Outreach income
Shop income
1,226
1,226
12,098
249
1,017
1,017
1,212
168
12,098
1,212
249
168
Other tr8ding activities
1,475
12,098
13,573
1,185
1,212
2,397
Other income
Unr•sCrl¢ted Unr•$tri¢ted
funds
funds
2024
2023
Other income
Room hire
Therapy income
6.058
40
78,019
4,377
916
50,247
84,117
55,540
13-

THE ISBOURNE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 34 MA Y2024
Expendlture on raising funds
Unrestrlcted Unrestrlcted
funds
fund5
2024
2023
Fundraising
Guest speakers
25
Expondituro on charitable activities
Total
2024
Total
2023
Dir•¢t costs
Staff costs
Depreciation and impairment
Rates and wat8T
Insurance
Light and heat
Telephone
Postage and stationery
Advertislng
Sundries
Course programmes and newsletters
Rent
Maintenance
Professional fees
Travel and subsistence
Bank charges
Office refreshments
Oulieach costs
100,954
3,599
8,813
512
16,072
129
743
7,284
1,895
87
84,520
6,875
27,815
1,297
2,460
1,050
24,926
101,988
3,693
6,534
150
6,847
340
234
5,174
3,065
8,545
84,520
4,922
19,506
193
2,542
725
6,786
289,031
255,744
Share of support and governance costs (see note 8)
Governance
1,909
1,935
290,940
257,679
Analysls by fund
Unrestricted funds
Restricted funds
271,452
19,488
251,462
6,217
290,940
257,679
14-

THE ISBOURNE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
Support costs allocated to activities
2024
2023
Governance costs
1.909
1,935
Analysed between:
Accountancy and legal fees
1,909
1,935
Net movgmont In funds
2024
2023
The nel movement in funds is slated after chargingl(crediting):
Depreciation of owned tangible fixed assets
Amortisation of intangible assets
120
3,479
214
3,479
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
charity during the year.
11 Employèes
The average monthly number of employees during the year was..
2024
Number
2023
Numbor
There were no employees whose annual remuneration was more than £60,000.
12 Intangible flxed assets
Development
cost9
Cost
At 1 June 2023 and 31 May 2024
34,790
Amortisation and impairment
At 1 June 2023
Amortisation charged for the year
15,831
3,479
At 31 May 2024
19,310
Carrying amount
Al 31 May 2024
15,480
At 31 May 2023
18,959
15-

THE ISBOURNE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR EIVDED 31 MA Y2024
13 Tangible fixed assets
Fixturès and
fltlings
Cost
At 1 June 2023
Additions
13,160
216
At 31 May 2024
13,376
Depreclation and Impalrment
At 1 June 2023
Depreciation charged in the year
12,662
120
At 31 May 2024
12,782
Carrylng amount
Al 31 May 2024
594
Al 31 May 2023
498
14 Flxed asset Investments
other
Investmonts
Cost or valuation
Al 1 June 2023 & 31 May 2024
Carrying amount
At 31 May 2024
Al 31 May 2023
The fixed assel investment of £1 represenls Ihe charily's ownership of the whole of the issued share capital of
Isbourne College Lt(I, a dormant subsidiary company.
2024
2023
Olher investments comprise..
Investments in subsidiaries
16-

THE ISBOURNE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
15 Debtors
2024
2023
Amounts falling due within one year:
other deblors
Prepayments and accrued income
2,026
9,943
2,782
10,008
11,969
12,790
16 Loans and ovardrafts
2024
2023
Bank loans
30,282
35,305
Payable within one year
Payable after one year
5,040
25,222
5,040
30,265
17 Creditors: amounts falllng due within ono year
2024
2023
Notes
8ank loans
Other laxation and social security
Trade creditors
Other creditors
Accruals and deferred income
16
5,040
503
11,108
5.040
436
10,999
107
3,774
4,627
21,278
20,356
18 Creditors: amounts falllng duo after more than one
year
2024
2023
Notes
Bank loans
16
25,222
30,265
17-

THE ISBOURNE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
19 Restrlcted funds
The restricted funds of the charity comprise Ihe unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 June
2023
Incoming Resources
resources
expended
Transfers At 31 May
2024
Outreach Fund
Thriving Communities Fund
Active Gloucestershire Fund
12,098
7,500
(13,306)
(4,932)
(1,250)
1.208
(4,5401
(6991
8,395
1,949
4,423
8,344
19,598
(19,488)
(4,0311
4,423
Prevlous y•ar:
At 1 June
Incoming Resources
2022 resources
expended
Transfers At 31 May
2023
Outreach Fund
Thriving Communities Fund
Active Gloucestershire Fund
395
1,212
7,500
4,080
(2,981)
11,105)
(2.131>
1,374
6,395
1,949
395
12.792
16,217)
1,374
8,344
Purpose of restrlcted funds
Outreach Fund
To expand The Isbourne's mental health wellbeing services for vulnerable people in the community.
Thriving Communltios Fund
To support communities in Gloucestershire in delivering projects which help people (including carers) to stat
well and to live independently for as long as possible.
Actlve Glouc8st•rshlre Fund
To support vulnerable and disadvantaged members of the community and improve their wellbeing through
movement based courses.
Transfers between funds
Transfers are made belween restricted and unrestricted funds al the end of every accounting period in cases
where..
1) the activity of the restricted fund has Come to an end and there is an unspent balance that is nol repayable
to the funder(s), when any surplus 15 transfeired to unrestricted funds,. or
2) the reslricted fund has come lo an end and there is no prospect of a surplus in a later period, when the
deficit is eliminated by transfer from unrestricted funds.
18-

THE ISBOURNE FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
20 Unrestricted funds
The unrestricted funds of the charily comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the Iruslees for specific purposes.
At 1 June
Incoming Resources
2023 resources
expended
Transfers At 31 May
2024
General funds
(17,503)
276,716
(271,452)
4.031
{8,208)
Prevlous yoar:
At 1 June
Ineomlng Resources
2022 resources
•xpgnded
Transfers At 31 May
2023
General funds
8,379
226,979
(251,487)
(1,374)
{17,503)
21 Related party transactlons
Tho Ratcllff• Foundatlon
Related by reason of some common trustees
During the year the related party made donations lo The Isbourne Foundation on an arms, length basis.
M R Ratcllffe Consultant6 Llmlted
Related by reason of a common director
Durlng the year the related party made donations to The Isboume Foundation on an arms, length basis.
The related party charged expenses on an arms lenglh basis to The Isbourne Foundation. At the year-end the
related party was owed £1.60712023'. £22) by the charity.
Joanna Sarah Hlll
Trustee
During the year The Isbourne Foundation paid the related party £10,000 (2023.. £nil) for consultancy work on
an arms length basis.
22 Contingent Ilabllitles
Various funders retain the right to claw back grants should the use of the funds not be in accordance with the
terms of the grant. In the opinion of the trustees no such liabilily exists al the year end.
19-