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
81￿h
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)
(Res￿ned 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 aCti￿tIeS 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 da￿10-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 re￿gnISed 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 pa1￿Cular 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 aCt￿ltIeS, 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 othe￿18& 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)
B1￿h 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 a￿1vItI&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 Inde￿ndant 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 Dec￿lber 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