2021
BLYTH ISABELLA COMMUNITY CENTRE ANNUAL REPORT
Isabella Community Association Ltd
Registered Charity 1119221 Company Number 5870104 www.theisabellacentre.org.uk
BLYTH ISABELLA COMMUNITY CENTRE ANNUAL REPORT
AGENDA
Isabella Community Association Ltd Annual General Meeting 2021
Welcome and Safety Information
Chairperson Address
Apologies for Absence
Minutes of March 5[th] 2019
Treasurers Report Nominations to Board
Election of Directors Recognition of Funders Appointment of Auditors
BLYTH ISABELLA COMMUNITY CENTRE ANNUAL REPORT
CHAIRPERSON’S REPORT
It gives me great pleasure to present the Annual Report on behalf of the Isabella Community Association.
Objectives
The main purpose of the Association is to promote and encourage local residents to become involved with community activity as well as helping to improve the neighbouring area. The Association would like to thank our service users, training groups and customers who together assist in the continuity of the Centre. The Trustees have given regard to the Charity Commission’s guidance on public benefit.
Activities
The Centre is home to a well-established group of partners who use the Centre for various activities which include: zumba fitness and tone, karate, fit over 50 exercise class, misfit revolution boot camp, komi klub, elderly day centre, pre-school nursery, two youth club sessions, puppy training and dog activity classes, the women’s institute, a variety of adult art and craft groups: Lady Isabella Craft, Isabella Crop Circle, Lace Making and Hotchpatch. Rebecca Maxwell Tutoring and Little Kickers sporting activity for toddlers.
The activities of the Centre influence the lives of many, from all walks of life and age range. Many of whom have and continue to progress to further training/education or employment. The organisation is very proud of this achievement and we look forward, with optimism, to many more years of enabling local people to improve their social and economic circumstances through the provision and activities at our Centre.
Unfortunately, due to the Coronavirus Pandemic, the Community Centre, like many other charities and organisations, has spent a lot of time closed to members of the public and the majority of the regular activities have been unable to continue during the lockdowns and top tiered restrictions set out by the government. The preschool has been able to continue to run throughout offering much need assistance to key workers children.
The Centre has been running weekly fundraising raffles and have started up the Hot Meal Friday Scheme. We give thanks to Blyth Valley CVA for providing funding to help get the scheme started which has been very successful and we hope to continue increasing dinner numbers and move forward to adding extra days for the hot meal service.
This last year has been tough with the pandemic but equally hard for us as we also suffered the huge loss of our much loved vice chair, Olga Potts, who sadly passed away in August. She will be missed by us all.
I would like to take this opportunity to thank the staff and volunteers at the centre for the hard work, loyalty and dedication they show, also the board members who make up the management committee who give their time freely to assist the centre to progress and provide as much as possible to the communities we serve.
Richard Jenkinson Acting Chairman
The Isabella Community Association Ltd is a non-profit run organisation and is supported by a number of funders and organisations. We appreciate both the general and financial assistance of all those who have found time and made the effort to become involved in their community.
BLYTH ISABELLA COMMUNITY CENTRE ANNUAL REPORT
Minutes of the Annual General Meeting of the Isabella Community Association held on Monday 2[nd] March 2020 at 4:00pm in the Isabella Community Centre.
1. Chair.
The Chair Joe Mee welcomed members to the meeting and gave domestic and safety advice. Copies of the Annual Report for the 2020 meeting and the Annual Accounts for year end 2019 were distributed.
2. Present. (8)
John Potts, Joe Mee, Ann Jenkinson, Lesley Jenkinson, Richard Jenkinson, Steve Perry, Alan Fryer, Kyle Townsend
3. Apologies. (3)
Ronnie Campbell, Gordon Webb, Olga Potts, Kelly Grey, Lisa Wilkinson and Sylwia Jamroz
4. Minutes.
The minutes of the AGM held on Monday 5[th] March 2019 were agreed a true record.
5. Matters arising not on the agenda.
Raised beds in the garden could do with replacing as well as the polytunnel. Agreed to look into funding for this project and replace beds with more durable material. Electricals and fire maintenance, discussed the quote from current organisation and the need to obtain further quotes to see if we can get more cost effective with maintenance contract. Roof was still leaking in the café area, the roofers thought spacing between the cladding might the cause but problems occurring could be due to the initial build. New roofers to be instructed for a second opinion.
6. Treasurer’s report.
The Treasurer went through the annual accounts. The year ended with a loss. Discussed the Grants and deferred funding. New accountants have been instructed and so accounts are now set out different as in previous years, discussed income and expenditure, restricted incomes and balances in accounts. Discussed fixed assets, solar panels and creditors/debtors for the year. Discussed resources income and expenditure and grants received. Also went through the charitable activities income and expenditure. Solar panel income was lower than in previous years, this would be looked in to with the energy supplier.
7. Nominations for the Board.
The constitution stated that the Board should have a minimum of three and a maximum of twelve members. The four board members present, Ann Jenkinson, Richard Jenkinson, John Potts, Olga Potts and Joe Mee were prepared to continue to serve on the board and they were nominated.
8. Election of Directors.
The five nominees – Ann Jenkinson, Richard Jenkinson, Joe Mee, John Potts and Olga Potts
9. Recognition of Funders, Partners and Service Users.
All the organisations in the report were thanked for their continued support. It was noted that this year’s report was more attractive and colourful and we needed to update the photographs annually.
10. Appointment of Auditors.
It was agreed to appoint Northumberland Accountants as auditors.
11. Close.
The chair thanked members for attending and closed the annual general meeting at 4.40pm.
BLYTH ISABELLA COMMUNITY CENTRE ANNUAL REPORT
TREASURER’S REPORT
Financial Review
We ended the year with a profit of £12,843. Our cash at bank and in-hand at our financial year end is £160,988 but we do owe some creditors. We rely on donations from other organisations to balance the books but securing funding remains difficult. The property is leased from NCC at a peppercorn rent until 2028. Our only other substantial fixed asset is the roof solar panels which we originally purchased for £21,000 but after depreciation are now valued at £2,100.
Principal Funding Sources
Aside from the income generated from room hire and the provision of meals and other refreshments we continue to be reliant on grants from various organisations, for which we are grateful, and these are recorded in the accounts. Our income from grants was £80,772 which together with our other income of £28,470 gave us a total income of £109,242. This was up from the previous year’s £98,502. The grants received also included the government grants to help the charity through the pandemic.
Expenditure
Our employment costs were £69,103 which together with other expenditure of £27,296 gave us a total expenditure of £96,399. This was £11,432 down from the previous year, however there were block periods during the pandemic when we had to lockdown and close the community centre. Our employees are the Centre Manager, Caretaker, Chef, Fund raiser and four youth workers. We need to retain the staff to provide the service we offer. All the staff are on an NJC salary scale and entitled to join the pension scheme.
Investment Policy
Aside from retaining a small amount in reserves each year, most of the charity's funds are spent in the short term so there are few funds available for long term investment and deposit interest rates remain very low.
Reserves Policy
Our long-term aim is to build enough reserves to cover one year’s expenditure through operating surpluses. The Board is aware that funding applications are torturous and time-consuming and during this difficult financial period our excellent applications are in competition with other organisations for limited resources.
Plans for the Future
The Board continues to monitor annual wages to ensure that all expenditure is justified on our core staff. The services provided by the youth workers can only be funded if we can secure external resources as the Association is no longer able to meet these costs internally. We endeavour to reduce our running costs to control our expenditure. This is aided by the continued use of the efficient solar panels, Led lighting and the central heating system. We try to improve the sales of food with support from our chef. The roof and the perimeter fence have been repaired and various areas need re-decorating. Some furniture will need replacing.
We continue to bank with Santander and there have been no issues. The online version of the Sage software package has been running successfully and use of emails cuts the postage costs.
BLYTH ISABELLA COMMUNITY CENTRE ANNUAL REPORT
The Management Committee
The directors of the company are also charity trustees and are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of one year and are elected at the A.G.M. The company shall have a minimum of three and a maximum of twelve members. All members of the Board give their time voluntarily and receive no financial benefits from the charity. We continue to have two Patrons, Mr. Ronnie Campbell and Councillor Gordon Webb.
Director Induction and Training
Most Directors when they join the Board are already familiar with the services run by the charity; the staff employed; the volunteers and the layout of the building. Aspiring Directors are invited to attend meetings in an observer capacity. The main reference documents are the Memorandum and Articles, The Management Committee Members Handbook and the Annual Report.
Risk Management
Procedures are in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to the Centre. Fire inspections and drills are held regularly. The welfare of the staff is encouraged by our involvement in activities such as the healthy living initiative. Systems have been established to mitigate the risks the charity faces in cash handling. We have a cash card policy and online banking security and payments may be made electronically. We are also reviewing all our policies to ensure they are up to date. The updated data protection rules (GDPR) are in place.
Organisational Structure
During the year, we have had five regular committee members who oversee the strategic direction and policies of the Centre. The Centre Manager who is also the company secretary provides a report to the Board which meets monthly. The responsibility for the day to day provision of services is delegated to the Centre Manager as is the responsibility for staff supervision and good working practices. The annual accounts and Directors details are updated after the AGM on the Companies House and the Charities Commission website and are available for public inspection.
Councillor John R Potts
Treasurer.
BLYTH ISABELLA COMMUNITY CENTRE ANNUAL REPORT
Recognition of Funders, Partners and Service Users
The Chairperson of the Isabella Community Association Ltd wishes to thank the following;
Blyth Town Council Age UK Northumberland Northumberland High Sheriff Princess Louise Pre School Nursery The 1989 Willan Charitable Trust Blyth West Women’s Institute R W Mann Trust Isabella Craft Group The Barbour Foundation South Beach Karate Big Lottery Fund Zumba Fitness Charities Aid Foundation Hotchpatch Craft Christ’s Hospital in Sherburn Isabella Crop St Hilda’s Trust Lace Making Hospital of God at Greatham Northumberland Adolescent Services Garfield Weston Slimming World DD Gas Services Komi Klub The Joicey Trust Bopping Bunnies Northumberland County Council Fit over 50 Hadrian Trust Blyth Children Services Commissioner’s Trust RM Tutoring Community Foundation NE Youth The Cloth Worker’s Foundation County Councillor Gordon Webb NHS Northumberland NECA The Rothley Trust College 4 Canines Homes for Northumberland MissFit Crew
BLYTH ISABELLA COMMUNITY CENTRE ANNUAL REPORT
Isabella Centre – ‘working together to build a better community’
COMPANY REGISTRATION NUMBER: 05870104 CHARITY REGISTRATION NUMBER: 1119221 Isabella Community Association Ltd Company Limited by Guarantee Unaudited Financial Statements 31 December 2020
Isabella Community Association Ltd Company Limited by Guarantse Financial Ststements Year ended 31 December 2020 Page Trustees, annual report (incorporating the directorfs report) Independent examinerfs report to the truslees Statement of financial activities (induding income and expenditure account) Statement of financial position Notes to the financial statements The following pages do not form part of the financial statements Detailed statement of financial activities 16 Notes to the detailed statement of financial activities 18
Isabella Community Association Ltd Company Limited by Guarantee Trustees. Annual Report Ilncorporating the Director's Report Year ended 31 December 2020 The trustees, who are also the direclors for the purposes of company law, present their report and the unaudiled financial ststements of the charity for the year ended 31 December 2020. Reference and adminSstratSve detsils Registerod charity name IsabelLq Community Association Ltd Charity registration number 1119221 Company registralion number 05870104 Principal office and registered The Isabella Centre office Ogle Drive Blyth Northumberland NE24 5JF The trustees A Jenkinson R Jenkinson (Acting Chairman) Jmee J R Potts {Treasurerl O Potts (D 16 Augusl2020) Company secretary L A Jenkinson Independent examlner Michael W Reed Russell House Greenwell Road Alnwck Northumberland NE66 1HB 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 .... trustees by.. and signed on behalf of the board of R Jenkinson (Acting Chairman) Trustee J R Potts (Treasurer) Trustee
Isabella Community Association Ltd Company Limitsd by Guarantee Independent Examiner's Report to the Trustees of Isabella Community Association Ltd Year ended 31 December 2020 report lo the trustees on my examinatn of the financial statements of Isabella Community Associatson Ltd {'the charity) for the year ended 31 December 2020. Responslbilities and basis of report As the trustees of the company (2nd also its directors for the purposes of company lawl you are responsible for the preparation of the finanryal stalement5 in accordance with the requirements of the Companies Act 20('the 20C6 Acfl. Having satisfied myself that the accounts of the cDmpany are not required to be audited under Part 16 of the 20( Act and are e1ible for independent examination. I report in respect of my examination of the charity's accounts as carried out under secb.on 145 of the Charibes Act 2011 I'the 2011 Act'l. In carrying out my examination I have folk)wed the Directions given by the Charity Commission under section 145(5llb) of the 2011 A¢t. Independent examinerfs statement I have completed my examinalion. I confirm that no matters have come to my attention in connection with the examination giving me cause to beIVe. accounting records were not kept in of the charity as required by section 386 of the 2006 ACL or the financk415talements do not accord with those records.. or the financial statements do not comply wth the a(UntIng requirements of section 396 of the 2006 Act other than any requirement that the accounts gNe a 'true and fair. view which is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordance wth the methods and principles of the Statement of Recommended praCts for accounting and reporting by charities applicable to charities prepafing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS 102). I have no conceffls and have come across no oiher 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. Michael W Reed Independent Examiner Russell House Greenwell Road Alnwick Northumberland NE66 1HB
Isabella Community Association Ltd Company Limited by Guarantee ststement of Financial Activities (including income and expenditure account) Year ended 31 December 2020 2020 Restricted funds Totsl funds Total funds 2019 Unrestrided fvnds Income and endowments Donations and legacies Charitable activities Other trading activities Investment income 77,556 16,608 11,435 393 3,216 80,772 16,642 11,435 393 32,222 40.110 25,474 Total income 105,992 3.250 109,242 98.502 Expenditure Expenditure on raising funds.. Costs of other trading aclNib"es Expenditure on charrtable aclivitses Total expenditure 16,143 68,697 16,143 80,256 96,399 20.096 87,735 10,11 11.559 84.840 11,559 107.831 Net incomellexpenditure} and net movement in funds 21.152 18.3091 12,843 {9,329} Roconciliation of funds Total funds brought forward Total funds carried forward 117.3C6 6.792 124,098 136,941 133.427 138.458 11,517) 124,098 The statement of financial actrvities includes all gains and losses recognised in the year. All income and expenditure derive from conb"nuing aclivits"es. The notes on pagès 5 to 14 fonn part of these financial statements.
Isabella Community Association Ltd Company Limited by Guarantee Statement of Financial Position 31 December 2020 2020 2019 Flxed assets Tangible fixed assets 17 2.100 4.200 Current assets Oebtors Cash al bank and in hand 18 3.024 160,988 164,012 6,159 133,246 139,405 Creditors: amounts falllng due withln one year Net Current assets 19 29,171 134.841 136,941 136,941 19,507 119,898 124,098 124,098 Total assets less current liabilities Net assets Funds of the charity Reslricled funds Unrestricted funds {2.617) 139.558 6,792 117.306 Total charity funds 21 136,941 124,098 For the year ending 31 Dmber 2020 the charity was en1[dj to exemption from audil under section 477 of the Companies Act 20[ relatin9 to sm811 companies. Directors. responsibilities. The members have not required the company to obtain an audtt of its financial statements ft)r the year in question in accordance with SeCtn 476.. The directors acknowledge their reswn5ibilities for COmp.n9 with the requirements of the Act with respect lo accounting re¢(d$ and the preparation of financial statements. These financial statements have been prepared in accordance wth the provisions applicable to companies subject lo the small companies. regime. These financial statements were approved by the board of truslees and authorised for issue on , and a signed on behalf of board by: R Jenkinson (Acting Chairman) Twstee J R Potts (Treasurer) Trustee The notes on pages 5 to 14 fonn part of these financlal statements.
Isabella Community Association Ltd Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2020 General infom)ation The charity is a Publ benefit entity and a private company limrted by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Isabelta Centre. Ogle Drive, Blyth, Northumberland, NE24 SJF. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Stsndard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice appluble to chartbes preparing their aOunt$ in accordance with the Financial Rewrting Standard applicable in the UK and Republic of Ireland IFRS 102) (Charities SORP {FRS 10211 and the Companies Act 2006 Accounting policies Basis of preparation The financial statements have been prepaied on the historical cost basis. as modified by the revaluation of certain financial assets and liabilits.es and investment properties measured al fair value through income or expenditure. The financial ststernents are prepared in sterling. which is the fUncnal currency of the entity. Going concem There a no materpl uncertainties about the charivs ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, eslimales and assumptions that affect the amounts reported. These eslimales and judgements are continually reviewed and are based on exFerience and other factors. including expectations of future events that are believed lo be reasonable under the circumstances. Fund accountlng Unrestricted funds are available r use at the discretion of the tnjslees to further any of the charity's purposes. Designated funds are unrestricted fvnds earmarked by the Injstees for PartUlar future project or commitment. Restricted funds are subjected to restrictjons on their expenditure declared by the donor or through the terms of an appeal. and fall into one of sub-classes- restred income funds or endowment funds.
Isabella Community Association Ltd Company Limited by Guarantee Notss to the Financial Statements (tlInued) Year ended 31 December 2020 A¢countlng polici (contlnu8dJ Incoming resources All incoming resoufces are included in the statement of financial adivities when entitlement has passed lo Ihe charity," it is probable that the economic benefits associated with the transactn will flow to the charity and the amount can be reliabty measured. The foll0vn9 specific policies are applied to particular categories of inMe.. income from donatiS or grants is recognised when there is eden of entitlement to the gift. receipt is probable and its amount can be measured reliably. legacy income is recognised then receipt is probable and entillemenl 15 eslabltshed. income from donated goods is measured at the fair value of the goc#Js unless this is impractscal lo measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and seNices are recognised in the accounts when received if the value can be reliabty 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 servi. This is Classrf as unrestricted fvnds unless Ihere is a contractual requirement for il to be spent on a pathular purpose and ietumed if unspent, in which case it may be regarded as restricted. Resource5 expended EXndItUre is recognised on an accruaL8 basts as a liability is incurred. Expenditure includes any VAT which cannot be fulty iecovered, and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds indudes the costs of all fundraising activities. events, non- charitable trading activities. and the sale of donated gCS. expenditure on charitable actNib"es includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of sts beneficiaries. including those support costs and costs relating to the govemance of the charity apporhoned to charitable actiwties. other expenditure includes all expenditure that is neither related to raising funds fof the chanty nor part of its expendiiure on charitable activities. Al costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs attributable lo a single aclivity are alk)cated direcuy to that activity. Shared costs are apportioned befven the actNib"es they contribute to on a reasonable. justrfiabie and consistent basis. Tangible assets Tangible assets are inilialty recorded al cost. and subsequentty stated al cost less any accumulated depreciation and impaiment k7sses. Any tangible assets carried at revalued amounts are recorded at the fair value * the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment k)sses.
Isabella Community Association Ltd Company Limited by Guarantee Notes to the Financial Statements (nnsl Year ended 31 December 2020 Accounting policies fconbnuedj Tangible assets {c¢)nlinu8d) An increase in the carrying amount of an asset as a result of a revaluation, 1$ 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 ffinancial aclivilies. A decrease in the carying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses. except lo which il offsets any previous revaluation gain, in which case the loss is shown wthin other recognised gains and losses on the stalement of finanaal aclivilies. Depreciation Depreciation is calculated so as to wnte off the cost or valuation ol an asset. less its residual value, over the useful economic life of that asset as ft)Ilow3". Solar Panels Fixtures and fittings Office equipment 10% straight line 20% straight line 20% straight line Impairmenl of fixed assets A review for indicators of impairment is carrEd out al each reporting date, with the recoverable amount being eslimaled where such indicators exist. Where the carrying value exceeds the recoverable amount. the asset is impaired accordingly. Prior impaiments are a150 reviewed for possible reversal at each reporling date. For the purwses of impairment testing. when it is not possible lo estimate the recoverable amount of an individual asseL an estimate is made of the recoverable amount of the cash- generating unit to which the asset belongs. The cash-generaling 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 goo"11. the goodwll acquired in a business combination is, from the acquisition date, allocated lo each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether olher assets or liabilities of the charity are assigned to those units. Financial Instruments A fiarla1 asset or a financial liabilty is recognised only when the charity becomes a paty lo the contrtual provisions of the instrument. Basic financial instruments are initialty recognised at the amount receivable or payab including any related transaction costs. Current assets and current liabilities are subsequentty measured at the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequenlly measured at amorhsed cost
Isabella Community Association Ltd Company Limited by Guarantee Notes to the Financial Statsments (coniinu¢d) Year ended 31 December 2020 Accountlng policies (conlknuedj Financial Instruments (con11nd) Where investments in shares are wblicty traded or their fair value can otherwise be measured reliably, the investmenl is subsequenuy measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured al cost less impaimient. Other financial instruments. includin9 derivatives. are inilially reccrfjnised at fair value, unless payment for an asset is deferred beyond nomial busines5 terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequentty measured at fair value, wth any changes recognised in the statement of financial acbvities. wth the exception of hedging instruments in a designated hedging relatnShIp. Financial assets that are measured al cost or amortised cost are revWed for objective evidence of impaimient at the end of each reporting date. If there is objective evidence of impairment. an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of &gnIffican. and other financial assets that are individually significant. these are assessed individually for impairment. Other financial assets are either assessed individualty or grouped on the basis of similar credrt risk characteristics. Any reversals of impairment are recognised immedialety. to the extent that Ihe reversal does nol result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impaimient not previously been recognised. Limited by guarantee The company is limited by guarantee. Every member of the Company undertakes lo contribute such amount as may be required {not exceeding £101 to the Company's assets if it should wound up while they are a member, or within one year after ceasing lo be a member, for payment of the Company's debts and liabilrties contracted before ceasing lo be a member, and of the costs. charges and expenses of wndiThJ up, and for the adjustment of the rights of the contnbutories among them5efves. If the company is is wound up or dissolved and after all ils debts and liabilities have been satisfied there remains any property it shall not be paid to, or distributed among the members of the cpany, but shall be given or transferred to some other Company or charities having similar objects which prohibit the distribution of its income and property, directly or indirectly, by way of dividend, bonus or otherwise by way of profil, lo member s of the Company.
Isabella Community Association Ltd Company Limited by Guarantee Notes to the Financial Statements (coniinu8d) Year ended 31 December 2020 Donations and legacies Unrestn'cted Funds Restricted Total Funds Funds 2020 Grants Blyth Town Council (Salaries and wages} Northumbedand County Council (Roof and fence repairs) Garfield Weston {Core costs) Hadrian Trust {Core cost} National Lottery {Core costs) Rothley Trust (Core costs) NorthUmrIand County Council Covhl 19 (Core costs) Covid 19 Furlough Scheme ( Core and Youth project) 16,OCN) 16.000 8,750 8.750 10,000 600 10.000 600 18.063 24.143 18,063 27,359 80,772 3,216 77.556 3,216 UnstrICted Funds Reslricled Total Funds Funds 2019 Grants Blylh Town Council (Salaries and wages) Northumbedand County Council (Roof and fence repairs) Garfield Weston Icore Hadrian Trust {Core costl Natsonal Lottery {Core costs) Rolhley Tnjsl {Core costs) Northumbedand County Council COVKI 19 (Core costs) Covid 19 Furlough Scheme { Core and Youth project) 25.000 25,000 3.097 3,097 3,125 1,000 3.125 1.000 29,125 3,097 32.222 Charitable activitles Unrestricted Funds Restricted Total Funds Funds 2020 Charitsble income 16,608 16.642 Unrestricted Funds Restricted Total Funds Funds 2019 Charitable income 40,110 40.110
Isabella Community Association Ltd Company Limited by Guarantee Notes to the Financial Statements (condnuedj Year ended 31 December 2020 other trading activities Unrestricted Totsl Funds Unresthcted Total Funds Funds 2020 Funds 2019 Fundraising Cafe Solar Panels 1.380 5.619 4.436 1,380 5,619 4,436 11.435 1.996 21,702 1.776 25.474 1,996 21,702 1.776 11.435 25,474 Inveslment in¢ome Unrestficled Total Funds Unrestricted Total Funds Funds 2020 Funds 2019 Bank interest receivable 393 393 696 Costs of other trading actlvities Unrestricted Total Funds Unresiricled Total Funds Funds 2020 Funds 2019 Costs of other trading activities - Cafe 16.143 16.143 20,096 20.0 10. Expenditure on charitablg activitles by fund type Unrestricted Funds Restricted Total Funds Funds 2020 SLbPPOrt costs 68.697 11,559 80,256 unrestn.cted Funds Restricted Total Funds Funds 2019 Supp)rt costs 76.705 11,030 87,735 11. Expenditure on charitable activities by acllvlty type Total funds 2020 Total fund 2019 SupFOrt costs Charitable activity Governance costs 79,535 721 79,535 721 87,014 721 80,256 80,256 87,735 10
Isabella Community Association Ltd Company Limited by Guarantee Notes to the Financial Statements (confrnued) Year ended 31 December 2020 12. Analysis of support costs Charitable tiviiies Total 2020 Total 2019 staff costs Premises General office Govemance costs Support costs - Other costs 43.282 15.610 4.212 721 4.872 43.282 15.610 4.212 721 4,872 68,697 42,718 26,9S9 7,4( 721 1.988 68,697 79.802 13. Net incomel(expendlture Net incomellexpendrture) is stated after chargingllcreditingl.. 2020 2019 Depreciation of tangible fixed assets 2,100 2,100 14. Independent examlnatlon fees 2020 2019 Fees payable lo the independent examiner for. Independent examination of the finanryal statements 721 721 15. Stsff costs The total staff costs and empk)yee benefits for the reForting perTrod are anatysed as follows: 2020 2019 Wages and salaries 69,103 63,728 The average head count of employee5 during the year was 8 (2019." 8}. The average number of full-lime equivalent employees during the year is analysed as follows-. 2020 No. 2019 Number of staff No employee received employee benefits of more than £60.000 during the year {2019.. Nil). 16. Trustee remuneration and expenses No remuneration or other benefits from employment wilh the chaiity or a related entity were received by the Iwstees. 11
Isabella Community Association Ltd Company Limited by Guarantee Notes to the Financial Statements (conllnu8d) Year ended 31 December 2020 17. Tangible fued assets Fixtures and fittiThJs Office equipment Solar Panels Totsl Cost At 1 January 2020 and 31 December 2020 21.000 8,122 7.161 36,283 Depreciation Al 1 January 2020 Charge for the year At 31 December 2020 16,800 2,100 18.900 8,122 7.161 32.083 2.100 8,122 7.161 34,183 Carrying amount At 31 December 2020 2,100 4,200 2.100 At 31 December 2019 4.200 The charty operates and Tuns the Premises at the Isabell4 Centre. Ogle Drive, Btyth. The land on which the buikjing sils is leased from Northumberland County Council on a 25 year lease at a peppercom rent. The lease expifes in 2028.The Director5 do not consider rt appropriate lo place a value on the building given the restrictions on its use, and the ownership of the land on whh il is built remaining wth Northumberknd CC. 18. Debtors 2020 2019 Trade debtors Other debtors 1.724 1.300 6,159 3.024 6,159 19. Creditors: amounts falling due wlthin one year 2020 2019 Trade creditors Accruals and deferred income 5,888 23.283 29.171 6.912 12,595 19,507 20. Deferred Income 2020 2019 Amount deferred in year 22,563 11,875 Included in deferred income is £4,000 from Btyth Council whh was [l¥ed in the year and allocated to the next pericxj. 12
Isabella Community Association Ltd Company Limited by Guarantee Notes to the Financial Ststsments (conlpnued) Year ended 31 December 2020 21. Analysls of Charitable funds Unrestrlcted funds At 31 December 2020 1 January 202 Income Expenditure Transfers Unrestricted lund Celllral Designated -cafe 114.781 2.525 93.534 12.458 (68,7821 116.058) 184,840) 1,100 140,633 11,075) 139,558 117.306 105.992 1,100 Al 31 December 2019 1 January 201 Income Expenditure Transfers Unrestricted fund Central Designated -cafe 117.783 919 73,703 21,702 95.405 {76,705} {20,0961 {96,8011 114.781 2.525 118.702 117.3C Restricted funds At 1 January 202 At 31 December 2020 Income Expenditure Transfers Restricted Fund - Youth project Restricted Fund Capitsl Projects Northumberland County Council {Roof and fence repairs) 3,742 3.250 (11,5591 (4,5671 3,050 11.1001 1,950 6.792 3.250 (11.5591 11,100) 12,617) At 31 December 2019 1 January 201 Income Expenditure Transfers Restricted Fund - Youth project Restricted Fund Capital Projects Northumberland County Council {Roof and fence repairs) 11,675 17,933) 3,742 3.050 3,050 3,097 3,097 {3,097} {11,030} 14,725 6.792 13
Isabella Community Association Ltd Company Limited by Guarantee Notes to the Financial Statements (COftllnu¢dJ Year ended 31 December 2020 22. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2020 Tangible fixed assets Current assets Creditors less than 1 year Net assets 2,100 164,012 (26.554) 139,558 2,100 164,012 129,1711 136,941 12,6171 (2,617) Unrestricted Funds Reslricled Total Funds Funds 2019 Tangible fixed assets Current assets Creditors less than 1 year Net assgts 4,200 132.613 (19,507) 117.306 4.200 139.405 {19,5071 124,098 6,792 6.792 14
Isabella Community Association Ltd Company Limited by Guarantee Management Infornlation Year ended 31 December 2020 The followlng pages do not fonn part of the financial ststements. 15
Isabella Community Association Ltd Company Limited by Guarantee Detailed Ststement of Financial Activities Year ended 31 December 2020 2020 2019 Income and endowments Donations and legacies Blyth Town Council ISalarie5 and wages) Northumberland County Council {Roof and fence repairs) Garfield Weston (Core costs) Hadrian Trust (Core costl National Lottery (Core costs) Rothley Trust {Core costs) Northumberland County Council Covid 19 (Core costs) Covid 19 Furlough Scheme { Core and Youth project) 16,000 25,000 3,097 3.125 1.000 8,750 10,000 600 18,C63 27,359 80,772 32,222 Charitable aclivities Charitable income 16.642 40,110 Other trading activities Fundraising Cafe Solar panels 1,380 5,619 4,436 11,435 1,9 21,702 1,776 25,474 Investment income Bank interest receivable 393 696 Total Income 109,242 98,502 16
Isabella Community Association Ltd Company Limited by Guarantee Detailed Statement of Financial Activities (conllnuedj Year ended 31 December 2020 2020 2019 Expenditurg Costs of other trading activlties Wages and salaries Other establishment Equipment and fixtures Bad debts 14,323 1,735 13,907 6,168 21 85 16,143 20.096 Expenditure on charitable activities Salaries and wages Premises costs Office costs Legal and professh)nal fees Miscellaneous Depreciation 54,780 15,610 4,212 721 2,833 2,100 49,821 26,969 7,406 721 718 2,100 80,256 87,735 Total expenditure 96.399 107,831 Net incomellexpenditure) 12.843 19,3291 17
Isabella Community Association Ltd Company Limited by Guarantee Notes to the Detailed Ststement of Financial Activities Year ended 31 December 2020 2020 2019 Costs of other trading actlvities Costs of other trading actlvities - Cafe Wages Aclivty resources Equipment and fixtures Bad debts 14.323 1.735 13,907 6,168 21 85 16,143 20.096 Costs of other tradlng aclivities 16,143 20,096 Expèndlture on charitable activities Charitable activity Support costs Salaries and wages Premises costs offi costs Miscellaneous Depreciation 54.780 15,610 4,212 2,833 2,100 49,821 26,969 7.406 718 2,100 79.535 87.014 Governance costs Governance costs - accountancy fees 721 721 Expendlture on charitable activities 80,256 87,735 18
Isabella Community Association Ltd Company Limited by Guarantee Independent Examinerfs Report to the Trustees of Isabella Community Association Ltd Year ended 31 December 2020 I report to the Irusloes on my examination of the financial stslemenls of Isabella Communty Association Ltd I'lhe charity) for the year ended 31 Dgcember 2020. Rosponsibilities and basis of report As the trustees of the company land also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 {'the 2006 Act'i. Having satisfied myself that the account5 of the company are not required lo b8 audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in resp9¢1 of my examinab'on of lh& charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Acl'l. In carrying out my examination I have folk)wed the Directions given by the Charity Commission under Section 14515llbl of the 2011 Act. Indepondènt •xamlnerf$ ststement I have completed my examination. I confirm that no matters have Come to my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act.. or the financial slalements do not accord wlh those records.. or the financial slaloments do not comply with the a¢¢ounting requirements of se¢lion 396 of the 2006 A¢1 other Ih8n any requirement that Ihe accounts give a 'lrue and fair, view which is not a matter considered as part of an independent examination., or the financial statements have not been prepared in accordance wlh the methods and principles of the Statement of Recommended Practi¢e for accounting anLI reporb'n9 by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concems and have Come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be aChed. Michael W Reed Independent Examiner Russell House Greenwell Road Alnwick Northumberland NE86 1HB