COMPANY REGISTRATION NUMBER: 05870104 CHARITY REGISTRATION NUMBER.. 1119221 Isabella Communlty Association Ltd Company Limited by Guarantee Unaudited Financial Statements 31 December 2024 ACCOUNT ANTS Russell House, Greenwell Road, Alnwick, Northumberland NE66 1 HB
Isabella Communlty Assoclatlon Ltd Company Llmlted by Guarantee Flnanclal Statoments Year ended 31 December 2024 Page Trustees, annual report (incorporating the dlrectovs report) Independent exarnlner's report to the trustees Statement of financial activities (Including income and expenditure account) statement of financial positlon Not8S to the flnanclal statements 10 The followlng pages do not form part of thg flnanclal statoments Detalled statement of flnanclal activitles 21 Notes to the d8talled statement of flnanclal actlvlties 23
Isabella Communlty Assoclatlon Ltd Company Llmlted by Guarantee Trustees. Annual Report {Incorporatlng the Dlrector's Report) Year onded 31 December 2024 The Iru$to¢s, who are alw Ihe dlrector8 for the purpo$e$ of company law. present tslr report and the Unaudi flnanclal slatemonts of tho charity for thé yaar ended 310ecember 2024. R8f8ronce and admlnlstratlve detall8 Reglst•r•d charlty name Isabella Communlty Assoc18tlon Lid Charlty regl8tratlon number 1119221 Company reglstratlon number 05870104 Prln¢lpal offl¢o and rogl•ter0d The Isabella Centre offlc Ogle Drlve 81h Norihumb8rland NE24 5JF Th• tru¥t••• A Janklnson R Jenkin8on J R Poll$ ITroa6urer) N Townsgnd S Townsend P Hodgetls {Chalrpérson) IR881gned 24 May 2024) (Resned 24 May 20241 Company s•¢r•tary L A J8nkinson Ind•p•nd•nt examlner Mlchael W Reed Russell House Gr6enwell Road Alnwlck Northumberland NE66 1HB
Isabella Community Assoclatlon Ltd Company Llmit8d by Guarantee Trustees. Annual Roport (Incorporatlng the Dlrector's Report) (¢on(Inu•rl) Year ended 31 December 2024 stwctura, actlvltl88 and porformance ObJ6ctlv•i The maln purpose of lh8 Assoclatlon Is to promote 8nd encourage local r8sld8nts to become Involv8d with communlty actlvlty 88 well as helping to Improve the nelghbourlng area, Thè As80ciatlon would Ilke lo thank our servlce users, Iralnlng groups and customer8 who together asslst In the contlnLJlty of the Centr8. The Trustees have glven regard to the Charlty Commlsslon's guldance on publlc beneflf. Actlvltlo8 The Centre Is home to a well-eslabll8hed group of partners who u88 the Centre for varlou8 aCtitIeS whlch Include: zumba fitness and tone, karal@, fit over 50 8xercl8e class, elderly day centre, pre-school nur8ery, youth club se881on8 for 8 to 13 year old8, Lego club. puppy Iralnlng and dog acllvily cla8888, th8 women's Instllute, a v8rlely of adult art and craft groups.. Lady Isab8lla Craft, 18ab811a Crop Clrcle, Lace Maklng and Patchwork QulSdng. Llttle Kl¢k8rs 8POrtlng actlvlty for toddl8r8, Sport England Netball and pllates. The acllvlti88 of the Centro Influence the Ilves of many, from 811 walks of Ilfe and 8g8 rang8. Many of whom havè and contlnu8 to progress to furth8r tralnlngleducatlon or employm8nt. The organlsatlon18 very proud of Ihls achlevement and we 1¢)ok forward, wllh opllmlsm, to many more years of enabllng local people to Improve thalr soclal and econom1¢ clrcumstances through the prov181on and actlvltles at our C8nlr8. The Gllbert Ward Acad8my w88 wlth us agaln thls yoar, A $maS1 group of young pèopla who flnd It dlfflcult In a 8chool sattlng Settled better wlthln OLJr communlly venue. After school terms wlth u8 they were able to Iranslllon back to $chool. There w8r6 some rapalrs and clean up needed after th8y left. Our kltchen ha8 had a busy year provkllng hot dlnnars for the eld8rly day c8ntre, pre-school nurs8ry and the Academy. We have exlgnd8d our café menu In the hop88 to encourage more communlty Use. A gr8nt from Blyth Town Councll enabled us to provlda 8 free hot meal onc8 8 week whlch wa8 vèry beneflcl81 to our local communlty who are 8truggllng due to the hlgh cost of Ilvlng. Wa hav8 an èxternal laundry machlne off8rlng the communily 2417 access to large capaclty washlng m8chlnes and dr18r8. They have proven to b8 very popular and u8age18 Increaslng each month. Our volunlegr8 dld a great lob growing v8g6lable$ In Ihe ralsed bods. Our communlty café beneflled wilh freshly home-grown onlons, potatoos and carrots. A large tr80 was removed from the back garden whlch was ¢au$lng Issues wlth our n8lghbours. A new skate park has been bullt clos8 by whlchls 8tartlng to altract more p8opl8 to the area. Blyth Town Councll extended our car park to accommodate tho extra trafflc. I would Ilke to t8k8 thls opportunlty to thank th8 staff and volunt8er8 at the centre for the hard work, loyalty end dedlcatlon they show, also Ihe board member8 who make up the management commltt88 who glve thelr tlmg fre8ly to Asslst Iha centrè to progress and provlde as much a8 posslblo to the communltl88 we seNe. The Isabella Communlty Assoclallon Ltd Is a non-proflt fun org8nlsatlon and is support8d by a numb6r of funders and org8nls811ons. We appreclat8 both thè general and financlal asslstanco of all those who have found tlme And made Ihe effort to become Involvad In Ihelr communily.
Isabella Communlty Associatlon Ltd Company Llmlted by Guarantee Trusteos. Annual Report (Incorporatlng the Dlrectorfs Report) (¢onllnu•d) Year ended 31 Dacember 2024 Flnanclal Rovlew The audltor8 r8POrt show8 that In 2024 our Income was £116,034 and expgndlture £130.613 glvlng d8fic5t of £14,579. Our total funds brought forward were £150,876 and now reduced to £136,297. We rely on donatlon8 from oth8r organls8tlon8 to balance the books. Our ov8r811 Income decr888ed from the prevlou8 year and 8xpendlture Increas8d. Our futurg expendlture wlll Increa88 due to hlgher energy ¢osts, wagè Incrèases, Nallon81 In8uranca and Inflallon whllst attracting grant Income h08 becomè mor8 dlfficult wlth many organlsatlons seeklng support for core ¢08ts. Th8 property Is leased from NCC at a peppercom r8nt untll 2028. We hav8 no other sub8tantlal flxed 888et that havg not already be8n deprecSated. Prlnclpal Fundlng 8ource4 We contlnue to be r8llant on grants from varlous organlsatlons, for whlch we are grateful, and these are record6d In the accounts. Our total Grant Income Is shown a8 £13,924 wlth £3,075 unre81rlcted and £10,849 re8tr1cled. There was also £22.500 def8rr8d Income from RW Mann. Rklley Famlly Charlty and th8 Lottery Fund for future expendlture. Expèndlture Our employmant co8t8 for 7 employ8es amounted to £77,403. whlch wa8 a slgnlllcant Increa88 from the pravlous year'8 £58,088. Th18 was due to th8 employm6nt of our p8rmanent chef. We hav8 thre8 core vnrker8, a p8rt-tlmè flxed term worker and Ihrè8 88sslonal youth workers. whl¢h we n8ed to retaln to provlde the servlc8 we offer. All th8 slaff are pald on an NJC salary scale. whlch18 Increased annually, and are entitled to Joln the penslon scheme dependent on thelr wage8. Our total expendlture for the year wa8 £130,613, up from the prevlous yearfs £98,279 malnly due to hlgh energy costs and the employment of our cook. Investment Pollcy Aslda from retalnlng a small amount In reserve8 each year, most of th8 charltl8 funds are spent In the short tèrm so Ih8re ar8 few fund8 avallable for long-terni Investment allhough w8 Increased our bank Inter88t from £834 to £1,489. Roservo• Poll¢y Our long-tem) alm IB to bulld enough re88rves to cover one ye8rf8 exp8ndlture through operallng surpluses. The Board18 aware th8t fundlng appllc8tlons are torturous and tlme-consumlng and durlng th18 dlfflcult flnandal period our 6xc8llent appllcatlons are In competltlon wlth othar organlsatlon8 for Ilmlted resources, Plan8 for tha Futur8 Tha Board contlnu8s to monltor annual salarles to ensure that all 8xpendltur818 lustmed on our core staff. The 8ervl¢es provlded by the youth workers can only bè funded If we can secure ext8mal resourc88. We endeavour to control our runnlng costs bul will b8 8ubl&ct to Inflatlon. Th8re were no
Isabella Communlty Associatlon Ltd Company Llmlted by Guaranteo Trustoes. Annual Report (Incorporatlng the Dlrector's Report) (wntlnu•d) Year ended 31 December 2024 major work8 last y8ar. but we wlll need to update th8 bulldlng ihls year wlth som8 mlnor works to brlng the property back to a b8tter 8tate. Many of our facilltl8s last year w8r8 occupled temporarlly by the Gllbert Ward Academy. The sensory room had B major update th18 year as a lot of the 8qulpment had been damaged, the new space 11 attract some room hlre. We also had Inst811ed an ouldoor washlng and drylng faclllty whlch Is becomlng more used and providas an Income. A large tree has baen removed from the rear of the pr8mlsas and the garden has been greatly improved and made morè manageable and a¢cumul8led wood and other rubblsh has been removed. Kllchen and offlca equlpment h85 been updatad. Blylh Town Coun¢ll Insta118d a new skate park facllSty nearby and extended our car park to accommodate exp8Cted èxtra vehlclgs uslng the slte. We wlll be r8vl8wlng our leas& agreement for the land and property as our lease explres In 2028 and will n88d to be renegotiated. W8 contlnue to bank wlth S8ntander and there hav8 been no Issues. Th8 onllne verslon of tha Sage Software package has b88n runnlng successfully and us8 of emalls cuts the postage costs, The Managamont Commlttoe Th8 dlrector8 of the comp8ny ar8 8180 charlty tru81888 and are known 83 members of the Manag6m8nt Commlttee. Und8r the requirements of the Memorandum and Artlcles of Assoclatlon the membars of the Managemènt Commltte8 are electèd to setve for 8 perlod of one year 8nd arè elected at the A.G,M. The company shall have a mlnlmL5m of thr68 and a maximum of twelve member8, All memb6rs of th8 Board glv8 Ihelr tlme volunlarlly 8nd recelve no flnan¢181 beneflts from the charfly. Dlroctor Inductlon and Tralnlng Most Dlrectors when they loln the Board ar8 already famlllar wllh th8 $8rvlces run by the charlty,. the staff employed: the volunteer8 and the layout of the buildlng. A8plrlng Dlrectors are Invlled to attend meetln98 In n observer ¢apaclty and new Dlr8Ctor8 8r8 welcome. R18k Management Procedures ar8 In p18ce to ensure compllan¢e wllh heallh 8nd safely of staff, volunleer8, cllents, and vlsllors to the Centre. We have CCTV to monltor s8curlty of the premises and Flre Inspections and drllls 8re held regularly. Sy8tem$ have b8en eslabllshed to mlllgate the rlsks the charlty faces In cash handllng. We hav8 a cash card pollcy and onllne b8nklng se¢urlty, and paymènt8 may be made electronlcally. We revlew our pollcle8 to ensure they ar8 UP to dale Includlng data protectlon rules {GDPR). Organlsatlonal Structure W8 have regular commlltee m99tlng8 (malnly monlhly) where memb8r8 oversee the strategic dlrectlon and pollcles of Ihg C8ntre. The Centre Manager, who Is a180 the company secretary, provld88 a monthly report lo the Board. Th8 responslblllly for the da10-daY provislon of servlce8 Is delegated to the Centre Managèr aslg the r8sponsiblllty for staff 8upervlslon and good worklng praclices. Th8 annual accounts and Dlredors details are updated after the AGM on th& Compan188 House and the Charltla8 Commlsslon website and are avallable for public Inspectlon. Small company provl$lons Th18 r8POrt has been prepared In a¢¢ordance wlth the provlslons 8ppIIc8ble to compan18S 8nlltled to thè small companl8s exempllon.
Isabella Cominunlty Assoclatlon Ltd Company Llmited by Guarantsè Trustea8' Annual Report Ilncorporatlng the Dlrector's Reportl {¢ontlnu Y8ar 8nded 31 Dee8inbor 2024 Tlie Iruslèeg, annu81 iepoyl was appi'ovi¥J on S Ma¥ch ?02,5 and 61onad on héhalf of the board ol trusleog by.. J R Polls (Treasui'or) Tiuslee Fl Ho(IIJE)Il¥ IChalrp8rsonl 7'Nisleo
Isabella Communlty Association Ltd Company Llmlted by Guarantee Independent Examlnerfs Report to th8 Trustees of Isabella Communlty Assoclatlon Ltd Year ended 31 December 2024 I report to Ihe trustees on my oxaminallon of the flnanclal 8tat6ments of188bella Communlty Associatlon Ltd {'the chadtv) for the year ended 310ec9mb8r 2024. Respon81bllltla8 and basls of report As the tru8t8O8 of the company {8nd 0180 Its dlr8clors for th& purpos88 of company 18w) you are responslble for Ihe preparallon of the flnanc5al 8tatèm6nts In accordanco wlth the requlréments of the Companles Act 2006 ('Ihe 2006 Act,). Havlng satl8fled myself that tha accounts of the company are not r8qulred to be audlled under Part 16 of th8 2006 Act and are ellglblè for Ind6pend&nt 6xamlnatlon, I r8POrt In respect of my 8xaminatlon of the ch8rlty's accounts as carried out under $8¢tlon 145 of th8 Charltles Act 2011 I'lhe 2011 Act,), In carrylng out my examlnatlon I hav8 followed the Dlrecllons glven by the Charlty Commlsslon under Sectlon 145(5)(b) of tha 2011 Act. Indèpandont examlner'8 Statement I have completed my examlnatlon. I confirm that no matters have come to my atl8ntlon In conn8Ctlon wtth the 6xamln8tlon glvlng me cau88 to bell8V8: a¢¢ountlng records w6re not kept In r88pect of the charlty as requlred by sectlon 386 of the 2006 Act., or th8 flnanc181 stat8ments do not a¢¢ord wllh those record8', or the flnanc1818tatèments do not comply wlth th8 accountlng r8qulrement8 of sectlon 396 of the 2006 Act olher than any requlr8m&nl that the accounts glve a 'true and falf vlew whlch18 not a matter consldered a8 part of an Indèpendent 8xamlnatlon,' or the flnanclal 8tat8ments have not been prepared In ac¢ordan¢a vAth the methods and prlnclples of the Stat8m8nt of Recommended Pracllce for accountlng and reporting by ¢harltles appllcable to charltles preparlng thelr 8ccount8 Sn accordBncè wllh the Flnan¢l81 Reportlng Standard appllcable In th8 UK and Republlo of Ireland (FRS 102>.
Isabella Communlty Assoclation Ltd Company Llmlted by Guarantee Indapendent Examlner's Raport to the Trustees of Isabella Communlty Assoclation Ltd {¢onithu•d) Year ended 31 December 2024 I have no concerns and have come across no other matters In connè¢lion wlth th8 examlnailon to whlch 8tt8nllon should be drawn In this report in order to 8nable a proper understandlng of the accoun18 to b8 rea¢h8d. Mlchael W Re8d Independ8nt Examln8r Russ811 House Greenwell Road Alnwlck Northumberland NE66 1HB 5 March 2025
Isabella Community Association Ltd Company Llmltod by Guaranteo ststement of Financlal Activltles (Includlng Income and oxpendlture account) Yoar ended 31 December 2024 2024 Restrlcted funds Total funds Total funds 2023 Unrestrlcted funds Nota Income and endowments Donatlons and legacles Charitable 8Ctlvltles other tradlng actlvllles Invèstment Income 3,075 62,030 38.591 1.489 105,185 10,849 13,924 62,030 38,591 1,489 118,034 20,775 54,566 25,197 834 Total Incomè 10.849 101,372 Expendlturo Expendllur8 on r81slng funds: Costs of oth8r tradlng actlvltie8 Expendlture on charilable actlvltle8 Total èxpendlturè 34,335 88,779 34,335 96,278 14,750 83,529 98.279 10,11 7,499 7.499 123,114 130,613 Nat {oxpendlture)Iln¢ome and net movoment In fund8 (17,929) 3,350 (14,579) 3,093 Re¢onclllatlon of fund8 Total lunds brought forward Total fund8 carrled foThvard 137,991 120,062 12,885 18,235 150,876 136,297 147,783 150,876 The 8tat8ment of fln8nclal actlvllles Includes all galn8 and losses regnISed In the year. All Income and exp8ndltur8 derlve from contlnulng actlvltl68. The noto¥ on pages 10 10 19 form part of th980 flnanclal $tot•ments.
Isabella Communlty Assoclatlon Ltd Company Llmlted by Guarantee Statemant of Flnanclal Posltlon 31 December 2024 2024 2023 Nots Currnnt a88018 Debtors Cash at bank and In hand 17 9,904 156,757 166,661 19.978 132,277 152,255 Credltors: amounts falllng due wlthln ono yoar Not current assèts 18 30,364 138.297 136.297 136,297 1,379 150,876 150,876 150.876 Total as8èts1988 curront Ilabllltle8 Net a888t8 Funds of tha charlty Rèstrlct8d funds Unre3trlcted funds 16,235 120,062 136,297 12,885 137,991 150.876 Total charfty lund8 19 For th8 year endlng 31 December 2024 the charlty Was entltled to exemptlon from 8udlt und8r 86ctlon 477 of the Companle8 Acl 2006 relallng to 8mall companl88. Dlre¢tors' respon8lbllllle8: The members have not requlred the Company to obtaln an audlt of It8 flnanclal statements for the year In questlon In accordance wlth 8eCtlon 476: Tha dlrectors acknowledge thelr re8ponslbllltle8 for complylng wlth th8 requlremen18 of the Act th respect to ac¢ountJng records and the pr8paratlon of Ilnanclal 81alement8. The8e flnanclal statem8nt$ have been prepared In accordance wlth tha provlslons appllcable to compan188 8ubJ8ct to the Small companles, reglme. The8e flnanclal 8tat8ments wera approv8d by the board of tru8te88 and author188d for188u8 on 5 March 2025, and are Slgned on behalf of the board by.. J R Potts (Treasurer) Trustee P Hodg8tt5 {Chalrp8r8on) Truste8 Th8 note¥ on pages 10 10 19 form part ol these flnanclal 8tatom•nt8.
Isabella Community Associatlon Ltd Company Llmited by Guarantee Notes to th8 Flnanclal Stat8m6nts Yaar ended 31 Docember 2024 Genèral Informatlon The charlty Is a publ1¢ beneflt enllty and 8 prlvat8 company Ilmlted by guarantee, r6gl8tered In England and Wales and a reglslered charlty In England and Wales. Tha addréss of Ihe reglstered offlce is The18ab8lla Centr8, Ogl8 Driv8, Blyth, Northumberland, NE24 5JF. statement of compllanco These flnanclal statement8 have been prepared In compllance vthh FRS 102. 'The Fln8nclal Reportlng Standard appllcab18 In the UK and the R8publlc of Ireland,, the Statement of Recommended Pracllce appllcable to charllie8 preparlng thelr accounts In accordancè wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102) Icharltles SORP (FRS 102)} and th8 Compan188 Act 2006. Accountlng pollcles Ba818 of praparatlon The flnancl81 statements have been prepared on the hlstorlcal COBt basls. a8 mod1fl8d by Ihe revaluatlon of certaln financlal assets and Ilabllltle8 and Investm8nt prop8rt18s measured at falr value through Income or expandllure. Th8 flnanclal 3tatements are prepared In sterllng, whlch18 the funcllonal currency of the entity. Golng concern There are no mat8rlal unc8rtaln1188 about th8 charltys ablllly to contlnue, Judgements and key sources of estlmatlon uncertaln*y Th8 pr8paration of the flnanclal sta18menls r8qulrés m8n8gement to make judgements, esllmates and 8ssumptlon8 that affèct tha amount8 rèported. These estlmat8s and ludg8m8nt8 8re conllnually rev18wed and ar8 ba88d on 8XP8rSenc8 and olhar f8¢tor8, Includlng expectatlon8 of future event8 that are belleved to be reasonablè under thè ¢lrcumstances, Fund accountlng Unrestrlcled funds ar8 8vallabl8 for u80 at th8 dl8cr8tlon of the trustees to further any of the ¢harlty'8 purpos8S. D881gnat8d fund8 are unrestrlcted funds earmarked by the tru8tee8 for partlcular futur8 project or commltment. Re8lrfcted funds 8re Subjected to reslrlcllons on thelr expendllure declared by th8 donor or through the terms of an appeal. and fall Into one of 8ub-classes.' restrlcled Income funds or endowment fund8. 10
Isabella Community Assoclatlon Ltd Company Llmlted by Guarantee Notes to the Flnanclal Statements f¢ontlnu•d) Year ended 31 Decembèr 2024 Accountlng pollcle8 (contlnuedj Incomlng resour¢08 All Incomlng resources are Included In the stat6ment of flnanclal actlvltlas when entltlèm8nt has pa8sed to the charlty. It IB probable Ihal the economlc beneflt$ assoclated th th8 transactlon wlll flow to the charfty and the amount can be reliably measured. The followlng speclfic pollcies are applled to pa1Cular catogorles of income: income from donatlons or grants18 recognls8d when there18 evldence of enlltl8ment to thè glft, recelpt Is probable and Its amount Can be measured rallably. 18gacy Income Is recognlsed when r8celpt Is probeble and entltlèment Is eslabllshed. Incomè from donated good8 Is measured at the f81r value of the goods unless th1818 Impractlcal to measure rellably, In whlch case the valuè 18 derlved from the cost lo Ihè donor or tho 88tlmaled resala valua. Donated facllltl6s and servlce8 ar8 recognlsed In the account8 wh8n recelved If th6 value can be rellably measured. No amounts are Included for the contrlbutlon of general volunteers. Income from ¢ontr8cI8 for the supply of sarvices Is rècognlsèd wlth the delivery of the contracl8d s8rvl¢e. Thls Is classlfièd a8 unrèstrlcted fund8 unles8 th8re1g a contractual requlr8ment for It to b8 8pent on a partlcular purpos8 and r8turned If unspent. In vthlch ca88 It may be regarded as restrlcted. Re8ourc•8 oxpondod Expendltur8 18 recognlsed on an accruals basls 88 0 158blllty18 Incuffed. Expendltur8 Includ88 any VAT whlch cannot be fully recovered, and Is clas81fled under headlngs of tha statement of flnanclal acllvltle8 to whlch bt relates: expendlture on ra181ng funds Includes the costs of all fundra181ng aCtltIeS, event8, non- charlt8ble tradlng actlvltl88, and the sale of donated goods. exp8ndlture on charltable acuvltles include8 all c08ts Incurred by a charlty In und8rtaklng actlvllles that further Its charltable alms for the beneflt of 11$ ben8flclarle8, Includlng those 8UPPOrt costs and c08ts r818tlng to the governance of the charlty apporuoned to ¢harltable actlvltles. olhgr exp8ndltur8 Includes all expendltura that18 nelth8r relaled to ralslng fund8 for the charlty nor part of Its expendlture on charttabl8 actlvllles. AII c08t8 are allocated to expendlture categorles reflectlng the use ol the resource. Dlrect costs attrlbutable to a slngle actlvlty ara allocated dlrectly to thal actlvlty. Shared costs ar8 apportioned between the actlvltles they contdbule to on a reasonable, lustlflable and ¢onsls18nl basls. Tanglble a•8ets T8nglbl8 88sets ar8 Inlt1811y recorded at Cost, and subsèquently stated at cost less any accumulated depreclatlon and Impalrm8llt losses. Any tanglble assets carrled at revalued amounts are recorded at the falr value at Ihe date of rev8luatlon less any subsequent accumulat8d depreclallon and subsequent accumulated Impalrment losses. 11
Isabella Community Associatlon Ltd Company Llmited by Guaranteo Notes to the Flnanclal Statements (c&)nllnued) Year end8d 31 December 2024 Accountlng pollcl•8 (contlnu•d) Tanglblè assets (conllnu•d) An Increase in th8 carrylng amount of an asset as a result of a revaluatlon, Is rocognisod In other r6cognlsed galn8 and losses, unless It reverses 8 charg8 for Impalrmènl that h88 prevlously bean recognised as 8xpendllure wlthln the stat8m8nt of financlal actlvllles. A decrease In the ¢arrylng amount of an asset as a result of revaluatlon, 18 recognlsed In olher recognlsed galns and 105seS, except to whlch It offsets any pr8vlous revaluatlon galn, In which case Ihè loss Is shown wllhln other recognlsed galns and108888 on tho statement of financlal actlvltles. Dapreclatlon Depreclallon Is calculated so as to wrlte off the cost or valuatlon of an 8888t, less Its resldual value, over tha useful economlc life of th8t asset as follow8: Solar Panels Flxlures 8nd flltlngs Offlce equlpment 10°A stralght Ilne 200/0 Stralght Ilne 20°/0 slralghl Ilne Impalrmont of flxed a888t8 A revlew for Indlcalors of Impalrmant 18 carrled out 81 each reportlng date, wllh the recoverable amount bèlng estlmated wh8re such Indlcators axlst, Where the c8rrylng value exceeds the rocoverable 8mounl, the asset Is Impalred 8ccordlngly. Prlor Impalrments are also revlawed for posslble revers81 at each reportlng date. For the purposes of Impelrment testlng, when It 1$ not PO8slble to estlmate the recovèrablè amount of an Indlvldual 888et, an esllmate Is mad6 of the recov8rabl8 amount of the cash-generallng unll to whlch the asset belongs. Thè cash-generallng unlt Is th8 smallest Identlfl8bl8 group of assets that IncSude8 the 8sset and generales ca8h Inflows that largely Independent of the cash Inflow8 from other assets or groups of 8ss8t8. For Impalrment te8ting of goodwlll, th8 goodwlll a¢qulred In a bu8lnes8 combln8tlon Is, from th8 aGqul8ltlon date, alloceled to each of th8 ca8h-generallng unlts that aré expected to beneflt from the synergles of lh8 comblnatlon, Irrespecllva of whether other assets or Ilabllltl88 of tha ¢harity are asslgned to those unlt8. Flrtanclal In8trument8 A flnanclal asset or a fln8nclal Ilablllly is recognl8ed only whan the charlty becomes a party to the conÉra¢tual provlslons of the In6trum8nt. Baslc flnanclal Instruments are Inltlally recognlsed at Ihe amount recelvab18 or payable Includlng any related Iran8actlon costs. Current assets and current Ilabilillos are subsequently measured at the cash or other con8lderatlon expected to be pald or recelved and not dlscount8d. Debt Instruments ar8 subsequenlly me88ured at amortlsed c08t. 12
Isabella Community Assoclation Ltd Company Limlted by Guarantee Notes to the Flnanclal Statements (conllnuéd) Year onded 31 December 2024 Accountlng pollcles (contlnu8dJ Flnanclal Instrument8 feontlnu•d) Wher8 Investments In shares are publlcly Iraded or their falr value can otherwlse be measured rellably, the Inve8tment18 subsequently measured at falr value wSth changes In falr value recognls8d In Incomè and 6xpendlture. All other such Investments are 8ubsequenlly measured at C08t le88 Impalrment. oth8r flnanclal Instruments, Includlng derivatlvas, are Inlllally recognlsed at falr value, unles8 payment for an ass8t18 deferred beyond normal buslness terms or flnanced at a rate of Inter88t that Is not market ral8, In whlch case the asset Is m988ur8d at the present valu8 of the future payment8 dlscounted at a market rate of Interest for a slmilar debt Instrument. Oth8r flnancSal Instrument8 ar8 sub88quenlly m8a8ured at faSr valua, wlth any change8 recognl88d In the statem8nt of flnanclal actlvllles, With tha exceptlon of hgdglng In81ruments In a deslgnated hedglng. relatlonshlp. Flnanclal a68ets that ar8 measured at CO8t or amortlsed cost are revlèwad for objectlvè evld8nce of Impalrment at the 8nd of each reportlng dato. If th8r6 Is oblacllve 8vldenc6 01 Impalrment, an Impalrment108s Is recognlsed under the approprlat6 headlng In th8 slatemént of flnanclal acllvltl88 In vthlch the Inltlal geln was recognlsed. For all equlty In8trumenl8 regardless of slgnlflcanc8, and oth8r flnanclal asset8 that are Indfvldually 81gnlficanl, these are assessed Indlvidually for Impalrment. Other fln8n¢lal asseis are elther assessed Indlvldually or grouped on the basls of 81mllar cr8dlt rlsk char8¢torl8tlcs. Any r8ver8als of Imp85rm8nt are recogn18ed Immedlately, to th6 extent that tho rev8r8al do8s not r88uIt in a cafrylng amount of the flnanclal asset that exc8éd8 vAiat the carrylng amount wK)uld have been had the Impalrment not prevlously been r6¢ognffi8ed, Umltad by guaranto0 The company18 Ilmlled by guarantee. Ev8ry member of the Company und8rtakes to contrlbut8 such amount 88 may b8 requlred (not exceedlng £10) to the Compan18 assets If It should be wound up whlle they are 8 member, or wlthln on8 year after ceaslng to be a member, for payment of the Companls debts and Ilabllitles contract8d befor8 ceaslng to be a member, and of the cost8, charg88 and expensès of wlndlng up, and for the adjustment of the rlghts of tha contrlbutorle8 among themselves. If the company Is Is wound up or dlssolved and after all Its debts and118bSlltl8s havb been satlsfled th8r8 remalns any propèrty It shall not b8 peld to, or dlstrlbuted among the members of the Company, bul shall be glven or transferred to some other Company or charltles h8vlng slmllar objects whlch prohlblt th8 dlslribution of Its Inwm8 and proporty, dlrectly or Indlrectiy. by way of dlvklend, bonus or othe18& by way of profit. to memb8r s of the Company. 13
Isabella Communlty Associatlon Ltd ompany Limlted by Guaranteo Not6s to the Flnanclal Statements (¢ontlnu•d) Yoar ended 31 December 2024 Donatlon8 and lega¢l•8 Unrèstrlct8d Fund8 Restrlcted Total Funds Funds 2024 Grants Blylh Town Councll (Salarle8 and wage8} Blyth Town Councll (Equlpment) Barbour Foundation (Core salary c08ts) Rldley Famlly Charlty (Core salary costs) R W Mann (Core salary costs) The Jol¢ey Tru8t (Core salary costs) R W Mann Trust (Core salary costs) Cafe Grants Bank8 Communlty Fund {Boller) Percy Hedley 1990 Charltable Trust {Dance Actlvllles) Natlon81 Lottery (Core costs) Rolhley Trust (Toddler group) Youth projects 3,000 2,500 3.000 2,500 833 333 833 333 2,575 2,575 3,333 850 3,333 850 500 500 3,075 10,849 13,924 Unr8Strlcted Funds R08trlcled Total Funds Fund8 2023 Grants Blyih Town Councll (Salar168 and w8g88) B1h Town Councll (Equlpment) Barbour Foundallon (Core salary ¢0818) Rldley Famlly Charlty (Core salary co818) R W Mann (Core salary cos18) The Jolcey Trust (Core salary cost8) R W Menn Trust (Core $81ary costs) Cafe Grants Banks Communlty Fund {Boller} Percy Hedley 1990 Charllable Trust (Danc8 Acllvltl8s) Nallonal Lottery (Core costs) Rolhley Trust (Todd18r group) Youth projects 3,000 3,000 3,000 2,000 3,000 2,000 2,000 9,775 1,000 2,000 9,775 1,000 2,000 18,775 20,775 Charltable actlvltl8S Unrgstrlcted Total Funds Unrestrlcléd Total Funds Fund8 2024 Funds 2023 Charllable Income 62.030 62.030 54,566 54.566 14
Isabella Community Assoclation Ltd Company Llmlted by Guarantse Notos to the Flnanclal Statements (contlnu•d) Y6ar ended 31 December 2024 other tradlng a¢tlvltles Unrestrlcted Total Funds Unrestrlcted Total Funds Funds 2024 Funds 2023 Fundralslng Caf8 Solar panels 985 32,761 4.845 38,591 985 82,761 4.845 38,591 522 19.928 4,747 25,197 522 19.928 4,747 25,197 Inve•tmont Incom Unrestrlcted Total Funds Unrestrlcted Total Funds Fund8 2024 Funds 2023 Bank Interest recelvab18 1,489 1,489 834 834 C08t8 of othor tradlng actlvltles Unr88trict8d Fund8 R88trlcted Total Funds Funds 2024 Costs of other tradlng acttv11108 - Cafe 34,335 34.335 Unrestrlcted FundB Re8trlct8d Total Fund8 Funds 2023 Costs of other tradlng actfvllles - Cafe 14,010 740 14,750 10. Expondlturo on charltablo a1vItI&8 by fund typ• Unr8Strlct8d Funds Reslrfcted Total Fund8 Funds 2024 Support cos18 88,779 7,499 96.278 Unr8strlct8d Funds Re8trtct8d Total Funds Fund8 2023 Support CO8t8 75.529 8.000 83,529 15
Isabella Community Assoclatlon Ltd Company Llmlted by Guarantee Notes to th8 Flnanclal Statéments {¢ontlnu•d) Year ended 31 December 2024 11. Expandltura on charltable actlvltlès by actlvlty type Total fund8 2024 Tot81 fund 2023 Support cosls Charft8ble acllvlty Governance co8t8 95,259 1,019 96,278 95,259 1,019 96,278 82,377 1,152 83,529 12. Analysls of support costs Charltable 8Ctlvltles Total 2024 Totsl 2023 staff costs Premlses General office Govemance costs Support CO8t8 - Other c08t8 48.801 24.451 4,782 1.020 7,918 86,972 48,801 24.451 4.782 1.020 7,918 86.972 45,234 23,089 3,573 1,152 3,038 76,086 13. Indepèndènt examlnallon fo•• 2024 2023 Fees payable to the Indendant ex8mlner for,. Indopendent examlnalion of the flnan¢181 statemen18 1,008 1,008 14. Staff ¢08ts The total staff costs and employe8 b8neflts for the reportlng perlod are analysed as follows: 2024 2023 Wages and salarles 77,403 58,088 The average hèad count of amployees durlng the year was 7 (2023: 7). The average number of full- tlme equlvalenl employee8 durlng the year Is analysed as follows: 2024 2023 Numbèr of staff No employee recelved employe8 beneflt8 of mor8 than £60.000 durlng th8 year (2023.. NII). 15. Trustee remuneratlon and oxpen8è8 No remuner8llon or other b6n6fits from employment wth the charSly or a related entlty were recelved by the truste88. 16
Isabella Community Association Ltd Company Llmlted by Guarantee Notes to tho Flnanclal Statements (¢onNnu•dJ Year ended 31 December 2024 16. Tanglblè flxed a8Ut8 FSxture8 and fitllngs Offlce equlpment Solar Panels Total C08t At 1 January 2024 and 31 Docembor 2024 Depraclatlon At 1 January 2024 and 31 Declber 2024 Carrylng amount At 31 D•comber 2024 At 31 December 2023 21,000 8.122 7.161 36,283 21,000 8,122 7,181 36,283 Thg charlty operate8 and runs the pramlsès at the 18abella Cenlre, Ogl8 Drlvo, Blyth, Tha land on whlch th8 bulldlng slts Is leased from Northumberland County Counell on a 25 year lease at peppercom rant. The18as8 explres In 2028.The Dlrector8 do not ¢on8lder It appropTlat8 to place a value on th8 buSldlng glven tha reslrfctlons on tts use, and th8 ownershlp of th8 land on whlch It18 bullt remalnlng wllh Northumberland CC. 17. Dobtors 2024 2023 Trade deblor8 9,904 19,978 18. Credltor8: amount8 falllng dua wlthln one year 2024 2023 Trade credltors A¢cru81s and deferred Income 6.858 23,508 30,364 371 1,008 1,379 17
Isabella Community Association Ltd Company Llmlted by Guarantee Not6s to the Flnanclal Statemants (conUnu•d) Yaar ended 31 D8cemb8r 2024 19. Analyslo of charltable funds Unrestrlctsd fund8 At 31 Dgcembèr 2024 At 1 January 2024 Incom8 Expendltur8 Unrestrlcted fund Central Deslgnated -caf6 144,685 (6,694> 137,991 69,849 35,336 {88,779) {34,335) (123,114) 125,755 (5,693) 120,062 105,185 At 3108c8mb8r 2023 At 1 January 2023 Income ExpendStura Unr88trlcled fund - Central De81gnated -cafe 159,545 (14,612) 144,933 60,669 21.928 {75,529) 114,010) 189,539) 144,685 (6,694) 137.991 82,597 Re•trlctod funds Al 1 January 2024 31 Do¢ember 2024 Income Expendlture Reslrlcled Fund Capllal Projects Wag68 Toddler Group Bo118r Dance actlvltl08 Equlpment 1,950 1,950 7,499 850 (7.499) 160 9,775 1,000 1,010 9,775 1,000 2,500 16,235 2,500 10,849 12,885 (7,499) At 31 December 2023 At 1 January 2023 Income Expendllure Restrlcled Fund Capltal Projects Wag88 Toddler Group Bo118r Dance actlvltl88 Equlpmènl 1.950 1,950 8,000 (8,0001 (740> 160 9,775 1.000 9,775 1.000 2,850 18,775 (8,740) 12,885 18
Isabella Communlty Associatlon Ltd Company Llmited by Guarantee Notes to th8 Flnanclal Statemonts (conllnu•d) Year ended 31 Dec8mb8r 2024 20. Analy818 of not a880ts between lunds Unre6trlcted Funds R8strlcted Total Funds Funds 2024 Current asset8 Credltors less than 1 year Nat a88•ts 150,426 (30,364) 120,062 16,235 166,661 (30,364) 136,297 16,235 Unrestrlcted Funds R88trlct8d Total Funds Funds 2023 Current 8ssets Credltor8 less than 1 year Net a88ets 139.370 (1.379) 137,991 12,885 152,255 (1,379) 150.876 12,885
Isabella Communlty Assoclatlon Ltd Company Llmlted by Guaranteo Management Informatlon Year ended 31 December 2024 The followlng pages do not form part of tho flnanclal statoment8. 20
Isabella Community Associatlon Ltd Company Llmlted by Guarantee Detalled Statement of Flnanclal Actlvitles Year ended 31 December 2024 2024 2023 Incomo and ondowments Donatlon$ and Iogaclès Blyth Town Councll (Salarles and wages) Blyth Town Councll (Equipment) Barbour Foundatlon (Core 8alary t8) Rldlay Famlly Charity (Core salary costs) R W Mann (Core salary c08ts) The Jolcay Trust (Core salary co$t8) R W Mann Trust (Core Salary c08t8) Caf8 Grants Banks Communlly Fund (Bo118r) Pèrcy Hedley 1990 Ch8rlt8bla Trust (Dance Acllvltl88) Nallonal Lottery (Core cosis) Rothley Tru81 (Toddler group) Youth project8 3,000 2,500 3.000 833 333 3.000 2,000 2,000 9,775 1,000 2,575 3.333 850 500 13.924 20,775 Charllable actlvlll•• Charltable Incom8 62,030 54,586 other tradlng acllvltl•• Fundralslng Cafe So18r pan818 985 32,761 4,845 38,591 522 19,928 4,747 25,197 Investmènt Income Bank Interest recelvable 1.489 834 Total Income 116.034 101,372 21
Isabella Community Associatlon Ltd Company Llmlted by Guarantee Detalled Statement of Flnanclal Actlvltles (eontlnu•dJ Year ended 31 December 2024 2024 2023 Exp8ndlturn Costs of other tradlng 8Ctlvltl88 Wages and salarles othèr establlshment Equlpm8nt and flxlur88 19,295 11,630 3,410 34,335 5,411 6,603 2,736 14.750 Exp8ndltur8 on charltablo a¢tlvlll68 Salarl8s and wages Premis8s costs Sen8ory room Offlce costs Legal and profgsslonal f8e8 - Accountancy M18cellaneou8 58,108 24.451 1.991 4.782 1,019 5,927 96,278 52,677 23.089 198 3,573 1,152 2,840 83,529 Total expendlture 130,613 98,279 Net (expondlture)Ilncome (14,579) 3,093 22
Isabella Community Associatlon Ltd Company Llmlted by Guarantee Notes to the Detalled Statoment of Flnanclal Actlvltles Year ended 31 December 2024 2024 2023 C08ts of other tradlng actlvltles Cost8 of other tradlng actlvltles - Cafe Wage8 Actlvlty resourc88 Equlpm8nt and flxtures 19,295 11.630 3,410 34,335 5,411 6,603 2,736 14,750 Co81• of other tradlng actlvlt108 34,335 14,750 Exp8ndlture on charftable actlvltles Charltablo acllvlty Support costs Salarie8 and wages Pr8mls8s costs Sensory room Offlcè costs Mlsce118neous 58.108 24,451 1,991 4.782 5,927 95,259 52,677 23,089 198 3.573 2,840 82,377 Govarnance cost8 Govemance cost8 - accountancy fees 1,019 1,152 Exp8ndlturo on ¢harltablo acllvltle8 96.278 83,529