## 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 examinat￿n 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 e1￿ible 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 beI￿Ve.
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 D￿mber 2020 the charity was en1[d￿j 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 SeCt￿n 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 a￿Ount$ 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 fUnc￿nal 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 Part￿Ular 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- restr￿ed income funds or
endowment funds.

Isabella Community Association Ltd
Company Limited by Guarantee
Notss to the Financial Statements (t￿lInued)
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 transact￿n will
flow to the charity and the amount can be reliabty measured. The foll0v￿n9 specific policies are
applied to particular categories of in￿Me..
income from donati￿S or grants is recognised when there is e￿den￿ 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
EX￿ndItUre 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 gC￿S.
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
befv￿en 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 (￿n￿n￿s￿l
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 fi￿ar￿la1 asset or a financial liabilty is recognised only when the charity becomes a paty lo the
contr￿tual 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 (con11n￿d)
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 relat￿nShIp.
Financial assets that are measured al cost or amortised cost are rev￿Wed 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 c￿pany, 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)
NorthUm￿rIand 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
Un￿strICted
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 wh￿h 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 wh￿h 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