Charlty r•glslratlon nunknr 1156428
THE ISAIAH PROJECT
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE ISAIAH PROJECT
LEGALAND ADMINISTRATIVE INFORMATION
Tru8t••8
C Cooper
H Copplng
O Aroyehun
S Dallay
Charfty numb•r
1156428
Prlnclpal addr••s
Femdale Road
Soulhend On Saa
Essax
England
SS2 4DS
Ind•p•nd•nt •xamln•r
Az8l8
7 - 8 Brltannla Buslne86 Park
Comel Way
Soulhond-On-S88
Essex
United Klngdom
SS2 6GE

THE ISAIAH PROJECT
CONTENTS
Pago
Tru8lees' rnport
Independent ex8mlnerf6 report
Statement of Iknanclal acUvllle8
Balance sheet
Statemenl of cash flowg
Noles to Ihe flnanclal 8tatements
8-18

THE ISAIAH PROJECT
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Th8 trustees present th8lr rgport and finandal statemanls for the year ended 31 Marth 2024.
Th8 flnanclal statements have been prepared In acrAJrdanc6 wllh th8 aecounllng pollcles Sel out In note 1 to the
flnanclal slalemenls and comply wllh Ihe chadly's Igovemlng documenlj, the Charili8s Act 2011 and 'Accounling
and Reportlng by Char1116s'. Slalemènl of Recommended Practice appllcaNe to Gharllies preparing their accounls
In accordance wllh the Flnandal Rèporting Standard appllcable In Ihe UK and Republlc of Ireland (FRS 102).
(effective 1 January 2019).
ObJo¢tlve8 and oCtlvltle8
The prlnclple obkcllveslacilvitles of the charlly are..
To relleve poverly In the Soulhendaonwsaa area by provldlng good quallly houslng and provldlng a
continued support SèNiC8 for them..
To promote social Inclusion for the publlc benefit by preventlng people from becomlng soclally excluded,
relieving the needs of those people who are socially excluded and 8sslstlng Ih8m lo inlégrale Inlo
soclely, In partlcular 6nabllng them lo gairl Ihe life and 8oclal 8kllls necessary lo oblaln and malntaln
independence In Ihe C£>mmunily by way of educallon, Irainlng and support.
The rellef ol un8mploymenl for the banefil of the public in the Soulhend-on Se8 area In suth w8y8 as
may be Ihoughl nl, Includlng assistance to find employmenl.
The Iruslees have pald due regard lo guldance Issued by th8 Ch8rlty Commisslon in decldlng what acllvllbs Iha
charily should undertake. The trustees 8re aware of Iheir duty uftdar S.17 of th8 Ch8rftles Act 2011 lo have due
r&g8rd lo th6 Publlc Benefll Guidan¢8 publi6hed by the Charfly Commlssion. As such, th8 Trusl8es onsure that
the aclivlli68 of the Charity ar8 for publlc benefit.

THE ISAIAH PROJECT
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achlevernenlg and perfornianca
The Isalah PrO1￿t alms to help Ihose who find themselves unable to MO￿ Ih8lr Ilfe forward wIthC￿ hèlp and are
wllllng to work wllh thè alms of the t￿le¢t, Rèlallonshlps are built by means ol a befrlender and pe￿nal
support Is wovided with th6 Int6ntlon of enabling to take p08111ve steps in life. Thos6 SUPPOrted by the
proleci come with varying n88ds. but all want to change Iha clrcumstances in vthich Ihey Itnd Ihamselvès. In
March 24, the Isaiah Prolecl housed 119 residents, Indudlng 55 chlldrén In $4 propertles across Swlhchurch,
Weslcllff, Southend and Shoebury.
The Isalah Project rents 51 of thase propertles and owns 3 (2 of wthlch are through a LlmlteLI Company
Isalah Project Llmited).
embers of the Project attend 'Op8n House, coffee morning on a Tuesday or Wednesday for a 'calch up, and lo
conllnue lo bulld positive r81alion8hlp8 wlth olhers on the prolecl and the befrienders. The befrlèndér8 ar8
avallable to deal wllh any problems that hAv6 arlsen, 8nd can help Ihe re$ldanls make appolnlmenls, go through
fomis etc. We aro pl88sed lo meet new peopEe al th8se sesslons neadlng help or the opportunlty to talk In
C4)nfKlerK8. Th8s8 ar8 Ilm6s wh&n rel8tlon8hlp8 ar6 built vthich 80metim88188d lo houslng,
Ourlng half lems and holldays, the Wednesday sèsslons focus on famlty actlvlllés and days out In the local aréa.
These are almed ai givlng ChIldr￿ opportunltl88 they may not othe￿Ise have, as well as creatlng a supportlva
envlronment for thè 8dull8.
The Project M8nager18 8UPPOrted by 4 part tlmè offic8 Staff, 8 full.Ilm8 Ilnanca offle8r and finance as8lstanL The
befrfending team h88 11 part Ilme befriendern. bolh pal(l and volunteer8. The b&frfendlng team have made long
lerm relationships wllh our Project members, and much of IheSr Ilme Is spent v18111ng and Supportlng ttwm In thalr
homes. The Project also employE three part Ilme van staft - Ihey are supported by 2 voluntéers to collecl and
deliver furnltufe In the Community. 6 of our resldenls, volunteer for us In the shop8 and 3 f88id8nts h8ve pald
poslllons In thé 8hopelon the van.
Our team of 16+ vclunteers help In our 5 shops and Ihe Project em￿OYS 3 fijll tSme £nd 4 part Ilme slaff In the
sh¢)ps. Our fumlture shops are used as part of Ihe Ess8nll81 Llvlng Fund scheme wh8re Iha Councll allocat88
certaln monles for baslc furnllure redeemable ￿[h ug. To sell electrlcal goods, every118m has lo be PAT tested
and v48 have 3 voluntéèrs and 3 pald staff who have undert8k6n and pa88ed Iralnlng.
The Proleci offer8 the (y)mmunlty 8 house dearance Servlce where the Ilems can than be sold In our 8hop8,
Some Indlvlduals have ¢ommlited to makln9 a monthly donallon loward8 staff wage8.
The Isalah Prolect conllnuès lo be a ,￿mp8sSIon, based mln18lry reaching thosa In Iha communlty Vh￿ often feel
alone or unable to move out ol thelr drcumstanc8s wlthoul help.
The team responslbl8 for Ihe Project Is commilted to be flexlble lo 'hear' Ihe need¥ of Ihose we com8 Into Gontscl
with and to demonstrate the love of Gcrfj in the area In whlch we are based.
Flnanclal révlew
Incom6 and expendlture shovm in Ihese accounts reprèsenls April 2023 to March 2024. The total income w88
£1,285.459 and total éxp8ndllur8 was £1,199,549 léaving a surplus of £85,910 for Ihè year,
11 58 the policy of the thariiy that unrestsicled fund8 whlch have nol been deslgnaled for a speciftG use should be
maintslned al 8 level equlvalent to approximalely three month'8 expendltur8. The Trustees consld8r Ih81 reserves
al this level wlll ensure that, In thè év8nl of a slgnificant drop Sn fundlng, they wlll be able lo conllnue thg tharitys
¢urr8nt acllvllles vA)Ile wnslderatlon Is g￿en to Wa￿ In whlch addltlonal funds may be ralsed.
Tha Trustees have a duly to Idenllfy ri$ks and review the rlsks lo vthich the charlty13 exposed and to ensure
approprf8te controls are In rAace to provlde r6830nable 8s$ur8nce 8g81nst fraud and error.
In the ¢oming year The18alah Project alms lo conllnue to fulfil its objecllves. In doing so Ih6re I￿11 be a contlnu8d
need to seek to dlverslfy Ihe fundlng streams that enable The Prolect lo providè lh8 servlce It does. Expanslon
has meant that addili¢Jnal befdenders have b86n recrulted and trained 8s more resldenls ar8 accommodated.
along wlth addlllonal offlce and Shop 8laff.

THE ISAIAH PROJECT
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structuroi governancè and management
The Isalah Project Is a ¢harflable Incorpor818d organis8llon (CIO) gov6med by the f￿ndatIon mod81
conslilulton. The charity W88 regIsle￿d wlth the Chartty CommissFon on 28th M8rch 2014 and Commnced
aclNities on 181 January 2015. Prlor to thls date, The Isaiah Project has b66n operating for $8ver81 y88rs as
part of Soulhend Chdsuan Féllowshlp, a oooperalin9 charlty. In January 2023 w6 moved our principle office lo
The Isal8h Project, Ferndale Road, Soulhend on Sea, Ess6x, SS2 4DS. The charlty Is registered wlth Ihe Charlty
Commlssion In England and Wales and 118 registrallon numb6r Is 1156428.
Tho trusleès who seryed durlng th8 y88r and up to the date of Slgnalure of Ihe financl81 statemenls were:
C Cooper
H Copplng
P Roblnson
O Aroyehun
S Dalley
(Reslgned 1 Aprll 20231
The charily Is managed by 8 board of four Iruslees $6bcled because Ihey 8lrongly end¢)rse the ¢h8rilable
oblecllves of the organisatlon and support ils Chrlstlan ethos. When 86lectlng Irustees, th6 ch8rlly aims lo en8ure
Ihere 18 8 broad r8nge of relevant skills. Trustee$ are 8ppoinled after inleNiaws with exlslSng Irusl8es and fom181
vlsils lo the org8nisalion, lo ensure Ihal they under818nd our vlslon and value8. Truslees 8r8 subJ8ct lo
Disdosvre and Barrfng Service checks where applicable. Any potenual Trustee 18 made aware of tho legal
oblloatlons under Charity law.
Thè Trust aotlvely endorses Iralnlng at all levels of th8 chartty. New Iruslees p8rt1clpal& In an indudion process
whlch Includes becomlng f8mlllar wllh all the Trust's prolecls- rgceivlng relevant In(omalion regarding h8allh and
safely and personal safely,. 8 copy of the CIO'S conslltulion 8nd rol8-r6lated knowledge where appllcable. Nèw
trustees a￿ also glvèn ¢oples of relevant Charity Commlsslon Iller8lurè, such as "CC3 The Ess6ntlal Trus166'
and "Guidance for Charily Trustees.. Trustees are encouraged lo undértake development Iralning wher6
appropriate.
The Isalah Project recognls8s the ne6d to provlde a safe 8nd Qaring envlronmenl for chlldr6n. young people and
vulnerable adults. We acknowledge that children, young people and vulnerable adulls can be the victims of
physlcal, sexual and emotional abus8, and neglect. Therefor6. all p81d and
voluntary staff working wllh vulnerabl8 adults undertake regular Sn-house safeguardlng Iralning and are
0Ssclosure and 88rrlng SeNlce checked. Where more in-depth training is Idenlified as being required this will b8
sought from CCPAS (The Churthes, Chlld Protection Advisory Service). The Isaiah Prolecl will also ensure that
chlldren and vulnerable adults are providèd ￿th Informallon on whèrè lo g81 help and 8dvieE in relation lo abus8,
dlscrlmlnallon, bullylng or any other maller where they have a concem. The Isalah Prolecl Saf8guardlng Pollcylg
implemenl&d by Hazel Copplng (Safaguardlng Coordlnalor), Geraldine Viok8rs (Deputy Saleguardlng
Coordlnalorl & Tracy Makepeaca.
The Trustees. report was approved by th8 Board of Trustees.
Trusteè
Dated..
..21-,.Q...1.-25

THE ISAIAH PROJECT
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE ISAIAH PROJECT
Wè r6Ffv)rt to the truste6s on my ex8mlnatSon of the finandal 8talements of The Isalah Project (th8 charlty) for the
yeAr ended 31 March 2024.
Rèsponslbllltles and bas18 of report
A8 th8 trustees of th8 ch8rity you are responslble for the propar8llon of Ihe financial slatements in accordarKe with
the requlremenls of the Charities Act 2011 (th8 2011 Act).
We report In resp6ct of my ex8mln8llon of the charlws fin8ndal stslomenls carried out undèr sectton 145 of the
2011 Act. In carylng out my ex8mln811on we havè followed all th8 appllcable DIr￿lIonS glvan by the Charity
Commlsslon under Sècllon 145151(b) of th8 2011 Act,
Independent èxamlnef8 8tstemenl
Slnce tho charlws gross incom6 exceeded £250,000 your examlner must be a member of a bc*Jy listad In séctlon
145 of Ihe 2011 Aci. We confirm Ihal we are qu811fl8d to und8rtak8 the examlnatlon béc8U88 we are a mamber of ,
vthlch Is on8 of the Ilsted bodles,
Your attenll¢)n Ss drawn lo the fact Ihal the charlty ha8 prepared llnanclal stalements In accordance ￿th Accounllng
and Retthlng by Charlllés Pfeparlng thelr accounts In accordanc8 wllh the Financlal Repor1ing Standard appllcable
In th8 UK 8nd Republic of Ir8land IFRS 1021 In preference lo thé Accounllng and R6portlng by Charlll8s: Statement
of Recommended Practica Issued on 1 April 2005 whlch Is refwred lo In the extant regulatlons bul has now beèn
wlthdTavm.
We under8tsnd that Ihls has b8en done In order for flnandal 8talém8nls to provkl8 a tru8 arKI falr vlew In
accord8nce wlth Generally Acceptéd Accounllng Practlce effecllve for reportlng ￿rIodS beginnlrvJ on or after 1
January 2015,
I have completed my examlnallon. I confirm th81 no matters havè come to my 8118nllon In Connectbn wlth the
examlnallon glvlng me caus8 lo believe th81 In any malerlal resp8cI:
accounllng rec(Kds were rKJt kept In respect of the charity as requlred by 880t1￿ 130 of th8 2011 Act,. or
the ffinanclal stalèmenls do not accord wllh those records,. or
the financial slalements do not comply with Ihe applicable requirements ¢onGemlng the form 8nd con18nl of
aeLounls sel oul In the Charlllo8 (Accounts and Reports) Regulallon8 2008 other Ih8n any rèqulremenl that the
acKounls glve 8 true and falr vléw whleh Is not a matter consldered 88 p8rt of an independent 8xamlnallon.
W8 have no conc8ms arKI have come across no other m8lt8rg In connectlon wlth thé ex8mlnatlon to whlch 8tt8ntion
sh Idbed
n In thls repgrt in order lo ènable a proper understandlng of the fln8nclal 818tements lo be reached.
Azot8
7 - 8 Brilannla Business Parf
Comel Way
SoulhendQn-Sea
Essex
SS2 6GE
Unllad Kingdom

THE ISAIAH PROJECT
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcted Restrl¢ted
funds
funds
2024
2024
Total Unrestrf¢ted Restiicled
(unds
funds
2023
2023
Total
2024
2023
Notos
Income fr
Donations and legacies
Charltsble acllvlllès
Other trading actlvltles
6,908
872.513
346,261
6.908
911,043
346,261
1,706
754,617
311,019
1,706
784.617
311,019
38,530
30,000
Total In¢om
1.225,682
38.530 1.264,212
1,(￿7.342
30,(N)0 1,097,342
ur
R81slng funds
287,580
287,580
226.643
226,643
Charliable 8divities
873,439
38,530
911,989
745,985
47,498
793.483
Total rn80urce8
oxpendod
1,161.019
38,530 1,199.549
972,628
47.498 1.020.126
N81 gain81llosse81 on
Investment3
11
21,247
21,247
Net In¢ome for t￿ yearl
Not movomenl In fund8
85,910
85,910
94,714
{17,4981
77,216
Fund b81anoes at l Aprll
2023
458,336
463,720
363,622
22,882
386,504
Fund balances al 31
March 2024
544,248
5,384
549,630
458.336
5,384
463,720
The slalement of financlal aclivitles includes 811 galns and lossès recognised In the year.
All Income and experKlilure d6rlv8 from contSnulng acllvllles.

THE ISAIAH PROJECT
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Not•8
Flx¢d assets
Tanglblé 8s80t8
13
142,171
121,856
Currgnt ass•t•
D4btorB
Cash albank and In hand
14
133,307
308,010
103,066
263,410
441,317
366,476
Credbtora: amount8 falllng du• wSthln
on• y•ar
15
{33,858)
(24,612)
Net currerbt as88t8
407.459
341.864
Tot•1 a•8•t•1o8• curr•nt Il•bllltl
549,630
463.720
Ineomo funds
R8strlctad fund8
5,384
De8lgnat8d fund8
Gener81 unr8strSct6d fund8
340,221
204,025
348,036
110,300
644.248
456,336
549,630
483,720
The finandal slatemants were approved by the Tru81ees on
*.-..o..I,:zs
Tru810•

THE ISAIAH PROJECT
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AqARCH 2024
2024
2023
Cash flow8 from operatlng aCti￿tI•l
Cash genoRled from operallons
19
46.295
85,726
Invesllng actlvltl•s
Purcha88 0118nglble fixed 888et8
{367)
Not cash u8•d In Inv•8llng a¢tlvltl••
1367)
N•t ca8h u8•d In flnanclng acllvlti
N•1 Incr•a•• In ¢••h and ca•h •qulval•nt8
45.295
85,359
C88h and ca8h equiveknts at beglnnlng of yoar
283,410
178,051
Ca•h and c••h •qulval•nts at •nd of year
308,010
263,410

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
A¢￿untIng policie8
Charlty Infonnatlon
The Isalah Project is a charita￿8 Incorporated organi8ation (CIO) govemed by tha foundallon mod81
constilullon. Tho charity wa8 registered wllh Ihe Charity Commlsslon on 281h March 2014 8rvJ o)mmenced
adivilies on 1st January 2015. Prior lo Ihls dai8, Thè Isal8h Project ha8 been operating for several year8
as part of Southend Chrlsljan Fellowshlp, a coop8ratlng ch8rfty.
1.1 Aceountlng ¢onventlon
Thè ffinanclal slatemgnts havg beon prepar8d In 8ccordance wlth the charltys tgovernlng documènll, th8
Ch8ritles Acl 2011, FRS 102 "Th8 Flnancial Reportlng Slar)dard applicable in the UK and Republic of Ireland"
("FRS 102'18nd the Chariti88 SORP 'A¢counliw and Reportlng by Charlll8s: Statement of Recommended
PraGtSce applicable lo charili85 preparing Ihelr a¢¢ounls In accordancé wlth the Financial Reporting Slandard
appllcable in Ihe UK and Republlc of Iréland (FRS 1021. leffectiV8 1 J8nuary 2019). The charlty Is a Public
8enafil Enuty as defined by FRS 102.
The finandal stslements have departed from the Charfllas (Accounls 8nd Report$) Regulallons 2008 only lo
Ihe exlenl r6qulred to provldè a truè and f81r ￿ew. Thls departLtre has Involved fcllowlng the Statement of
Racomménd6d Practlce for charftles applylng FRS 102 rather than th6 versl¢)n of the Stalement of
Recomméndad Pracllce whlch Is refèrred to In the Regul8llons but vthlch h8s slncé b88n wllhdrawn.
Th6 financial statements 8re prepared In stedlng, which18 the funclSon81 ¢urrency of Ihe charfly. Monatary
amounts In these fin8ndal Statements are rounded lo the n&are81 £.
The financ181 stslem8nts have been prepar8d under tho hlstorical cost conventlm, [m(hJlfled lo Indude Ihe
revaluatlon of fréehold propertlas and to Include Investmenl prop8rt18s and certaln flnanc181 Snslrum6nls at falr
valuel. The prlndpal accounts'ng pollcles adopted are 861 wl b81ow.
1,2 Golng con¢em
At Ihe tlme of approving the flnanclal st81ements, the twslees have a r8asonabl8 8XP8Ct8llon that the charity
hès adaquale resources lo contlnue In oper81ional ex]sl8nce for Ihe loreseeable future. Thus Ihe Irust886
continue to adop( Ihè golrKJ concem ba$ls of accounllng In preparfng the financlal statements.
1.3 Charltable funds
Unr88tricted fund8 are av8llabla for u86 at th8 dlscr8tton of the tru818e8 In furtherance of Ihelr ¢harlt8
obleGtive¥ unles8 Ihe funds have been daslgn6d for olh6r purpose8.
D981gnaled funds comprlse lunds whlch have been set aside al the discretion of the Trustees for 8peclfic
purposès. The purpose8 and uses of the designaled funds are sel out In Ihe noles to the flnanclal
8tat8m8nl8.
Reslric18d funds are sublect to speclfic ￿ndItIOnS ty don￿$ as to how they may be u8ed. The purposes and
uses of the restriGted funds are 501 oul in Ihe notes lo the financial 81atem8nts.
Endowment funds are subl6cl lo speclfic condlllons by donors that the capital must be malntslned by tho
charity.
1.4 Income
Income Is recognlsed when the charlty is legally enlltled lo tt after any perfonnance o)ndition8 have been mel,
the amounts ¢an be measured ffjllably, and It Is probable that Incom6 viill be reGei¥ed.
Cash donatlon8 aré r6eognlsed on recelpt. other donallons are recognlsed once Ihe ¢harfty h88 beon notlfled
of Ihe donatlon, unl869 p&rformance condltlons requlre deferral of tha amount. Income tax recoverable in
rel81ion to donatlons recelved under Gift Ald or deèds of covenanl18 recognlséd at th8 Ilme of Ihe donatlon.

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting poll¢les
(Continuad
Turnov8r18 m88sured St the falr value of conslderation recelved or recelvable 8nd represents amounts
recelvable for goods and servi￿8 pmNided In the norm81 Course of bugln8ss. nèl ofd18counts, VAT 8NJ
other sale8 related taxes.
1.5 Eypondlturo
Tradin9 cos18 comprfsè 811 axpendlture IneJJff6d In th8 operallon of charlty shops whl¢h ra18e Income for the
tharlty as well as an awar8ne8s of its work.
ExpendltLira on tharltable adlv6118s IrKlude8 all exp6ndliur8 directly related io the provIs￿n of the maln
8cU¥llle8 of the charlty.
Costs that are related to the running of the charlty bul not dlrectly 8ttrlbulable to a charltablo actlvlty ar8
811ocated between a¢livltse8 and trading costs on an approprlale ba81s.
1.6 Tanglbla Ilxed a880ts
Tanglble fixèd as8et8 are Inhl8lly m88sur8d at Cost and 8ubs8qu8nlly measured al cost or valu8tlon. nel of
depreclatlon and any Impalrment108S88.
D8preciallon18 recognl$8d 60 as lo wrllé off the Cost or valu8llon of 8888ts lass Ihelr r681dual valu88 over thelr
U8elul1Sv88 on the follo￿n9 ba80S'.
Free￿Id land 8nd bulldlngs
Flxlur88, fittings & egulpment
Computers
Motor vehlcles
2% C￿ cost
25% on C4)sl
25% on cost
25% on cost
The g8ln or Jo88 arl8lng on the d18PO881 of an assel 18 detemilned as tho dlfference between the Sale
proce8d8 8nd the carrylng value of th8 88séI, and Is recognlsed in th6 sl8tem6nl ol finandal a¢llvStSes.
1.7 Impalrm•nt of fox￿ a••el•
At each reportlng end dale, Ihe charlty re￿ewS the carrylng amounts of Its langlble assets to del8rmln8
whether there Is any IndleAllon thal those assets have suffered an Impalrmenl 108s. If any Suth Indlcatlon
exists. the recoverable amount of th8 asset Is estimaied In order to determlne Ihe oxlonl of thg Impalmanl
108s (If any).
Int8nglt4e assets wlth Indeflnllè useful Ilves and Intanglble assets not yel 8vallable lor use are tested for
Imp8lmient annually, and vthenever thére Is an Indlc4tlon that the asset may be Impalred.
1.8 Cash and cash •qulvalen16
Cash and eash equlvalents Indudé cash In h8nd, deposlts héld 81 call with banks, olhw 8hort-tém Ilquld
Irweslmenls ￿th cfflglnal malurities of three months or léss, and bank overdraft8. Bank overdrafts are shown
thln borroNlnos In ￿Jrrent Ilablllties.

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Aceountlng poll¢lès
(Cohtlnu•d}
1.9 Flnanclal In8truments
The ch8rlly has elected to apply Ihe provlslons of S8Ctlon 11 'Basic Financlal Instruments. 8nd Section 12
'Olher Fln8nclal In8trumenls Issues, of FRS 102 to all of Ils financSal Inslwments.
FlnanGial Inslrumenl8 are rg¢ognlsed In the charltys balancé Sheet when Ihe charity becomes pariy to the
conlraclual provlsions of the Insts￿ment.
Financlal assets and liabili118s are offsel, wilh Ihe net amounts presented In thè finandal $18temenls, vthen
there is a lagally enforceable right to sel off lh8 r8cognlsed amounts and there Is an Inlenlion lo sellle on a
ng1 basls or lo realise the 8ssel and settle the liability simu118neously.
Baslc Ilnancifjl asse(8
Baslc financlal assets. thlch Include d8btfX8 and cash and bank balance8, are Inllially measured at
transactlon prlce Indudlng Iran8aclbon costs and are subsequently ¢anled 81 amortlsed cost using the
effecllvo Interest m81hod unle88 the arrangemenl conslltules 8 flnanclng Iransaclion, where the transactlon Is
measured al the presenl value of Ihe luture re¢elpts discounted al a marf(el ralo of Interest. Flnan¢lal assets
classified a8 receivable wllhln one year are nol amortisad.
8aslc flnanelal Ilabllhles
Basic financlal118biiiiles, Includlng creditors and bank loans are Inlltally recth3nls8d at Irans8cllon prlc8 unless
the arrangement conslllutes a financing transaction, where the debt Instrument 1$ m888ured al th6 presenl
valu8 of the future payments dSscounled al 8 market rate of Sntere81. Fln8ncl811I8bllllle8 dasSif￿d as payable
Ihln year 8re Dot amortls8d.
Debl Instruments are subs8quenlly Carrlad at 8mortl8ed cost, U8lng the effecllve Inleresl rale melhoj.
Trade credllor8 8re obligallons lo pay for goods or servloe$ that have been acquSr8d in th8 ordinary course of
operations from suppliers. Amounls payable are cla8sifi8d as currenl158bili1185 il paymenl is due within one
ye8r or less. If not, they are presented as non-¢urrÉnt IlabS1itles. Trade ￿edItOrS are r8cognised inilially 81
tr8ns8clion prlce and yubsequenlly rneasured al amorilsed cost uslng Ihe effecllv8 interest meth&4.
Derecognltlon of Ilnanclal Ilabllltlos
Flnanclal IlabllllS8s arè d8r8cognised then ihe charily's conlraclual oblig81ions expire or are di8charged or
Cancelled,
1.10 Employee beneflts
The cost of any unused hollday enlillemenl Is recognlsad In the period In which the employee's services are
received.
T•milnalion benefits are recognlsed Immediately as an expense wh8n the charily Is demonslrably commltted
lo temilnale Ihe employment of an employee or lo provide leminallon benefits.
1.11 Rellrement benofft8
Payments lo dellned conlribullon r&Uremenl b8n8fil schemes are charged as an expense 88 they fall due.
10-

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Crftl¢al aGcountlng ￿tImat•• and Judg•mants
In th8 appllcallon of th8 ¢h8rlW8 accountlng pollcSe$. the tr￿$1085 are roqulred to make ludaement8. aslknat88
and assumptlons aboul Ihe carrylng amount of assets 8nd Ilabllllles thal aré not readlly apparent Irom olher
80urces. The estlmates and associated 8S8umpikni8 are based on hlstorfcal experl6n¢8 and other factors that
are consld•red io bo r8levant. A¢iual results may dlffer from these esllm8t68.
The e8tirnate8 underlylng assumptlons are re￿aWad on an ongolng ba818. Re￿310n8 to aceountlng
e8tlmales are recogn18ed In the p8rfod In whlch thé 88tlm8te 55 revi8ed where the revlslon affects onty that
porlod, or In tho p•rbd of the ievlslon and future parl¢>l8 where the reVI￿on affec18 both Current 8nd future
perlods.
0on8llon8 and l¢ga¢l•8
Unr••trlct•d Unre8trl¢ied
fund•
funds
2024
2023
2023
Donallons and glft8
1,708
1,708
11

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Other tradlng actlvltl•$
Unre8trlctod Unrnstrlctsd
fund•
fvnd8
2024
2023
Shop Income
346.261
311.019
Ralslng funds
Unr•8trlctsd Unr•8trlct•d
funds
funds
2024
2023
0￿ratIng chorlly shops
Support costs
73,575
214,005
50.192
176.451
Tradlng co818
287,580
228,643
287.680
226,643
13-

Ici
(o
Ifi'-

THE ISAIAH PRQJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
support eosls
Support Governance
Costs
co•t8
2024
Support Goveman
costs
2023
Staff cosis
Dopracralion
Insurance
AC￿untancY
Bank Charges
Computer Costs
Motor
Postage, Prfnllng a
Stsllonery
Tel•phon8S
Olh8r
Rant
357,098
1,627
6.261
6,060
3,050
1,604
357,098
1,627
6,281
6,060
3,050
1,604
284.260
1,581
3,016
284,280
1,581
3,016
5,088
875
1,171
193
875
1,171
193
2,319
1,798
4,207
9,296
2,319
1,798
4.207
9,296
1.858
1.515
18.620
12,718
1,858
1,515
18,620
12,718
393.320
393,320
330,895
330.895
An81y8ed between
Tradlng
Charll8bl8 actlvlt168
214,005
179,315
214.005
179.316
176,451
154.444
176.451
164.444
393.320
393,320
330,895
330,895
Support costs 8re allocaied lo the acllvlly that they relate and then 8pIIi equally over thé actlvltles of the
chartiy.
Ac(yJuntancy Include8 £6,060 (2023- £4,225) In re$p8Ct of Indep8nd8nt Examlnatlon fee8.
Tru81808
Two of Ihe four tru8t6es are 8mrAoyed a8 parrnlitad by the tharltls conslllution. Thdr Salary Is dlscuss8d In
Iholr absence at Iruslees, meellngs. The amounls pald lo trustees In re8P8cI of remunerallon durlrvJ tho
period were B8 follows:
Hazel Copping- £19,321
Colln Cooper- £402
No trustees were remunerated for the role of tru3188.
10 Employees
The average monthly number of employe88 durtng Ihe yearwas:
2024
Numbèr
2023
Numb8r
All employees
33
22
15-

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Employ668
(Contlnu•d)
Employment Costs
2024
2023
W8g8s and $818ri88
Soclal 88curfty c08ts
Olher pension costs
331,837
14,562
10,699
265,389
9,968
8,903
357,098
284,260
There were no employees whose annual romuneratlon wa8 £60,LXIO or more.
11 Net galn81{losses) on Inv68lment8
Unrnstrlctad
fund8
Total
2Q24
2023
Revaluatlon of Inveslment propertle$
21,247
12 Taxatlon
The ¢h8rlty Is exempt from lax on Income and galns falllng wlthln s8cllon 505 of the Taxes Act 1988 or se¢llon
252 of the Taxatlond Charge8bt6 Galn8 Act 1992 to the ext8nt that the88 8r6 applled lo It6 ¢harfi8ble obl8¢ts.
13 Tanglblg flxad a88el•
Fr•èhold lond
and bulldlng•
Flxtur•¥,
fllllng• a
•qulpm¢nl
C•mput•r• Molor v•hlcleo
Tot•1
Cost
Al 1 Aprfl 2023
140,000
1,307
2,929
5,200
149,436
Al 31 March 2024
140,0(KI
1,307
2,929
5.200
149,436
Dopro¢latlon and Impalmient
Al l Aprll 2023
Depreci8tlon chgrged In the ye8r
960
2.078
320
2,600
5,638
1,627
Al 31 March 2024
3.900
7,265
Carrylng amount
Al 31 March 2024
140,OCKI
340
&31
1,300
142,171
At 31 March 2023
118,753
503
2.800
121,856

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Debtors
2024
2023
Amounts falllng due within one year:
Trade debtors
Olher debtors
55,628
77,679
35,494
67.572
133,307
lo3,￿6
15 Credltors: amounts falllng due wlthln one year
2024
2023
Trade Gredllors
Olh8r credllors
AcGruals and deferred Income
2,687
26,731
4,440
20,387
4,225
33.858
24,812
16 Ratlremenl baneflt schem08
Doflnod contrlbLttlon s¢hemg$
The Charlty operates a d8fin8d conlrlbution ponslon schem8 for all quallfylng empk)yees, The a88ets of the
scheme ar8 held s8paralely from Ihos8 of th8 charity In an Independently administered fund.
The charge to profit or loss In respect of deflned Contrlbullon sch8mes was £10,69912023- £8,9)3).
17 Analy$l8 of nol as8et8 between fund$
Unr8$trlcled Restrlcted
fund8
fund8
2024
2024
Total Unrnstrl¢t•d Rastrlcted
fund8
funds
2023
2023
Tol81
2024
2023
Fund balances al 31
March 2024 are
represented by:
Tangible assets
Current 8sselsl{liabllilles)
142,171
407,459
142,171
407.459
121,856
341,864
121,856
341.864
549,630
549,630
463,720
463,720
18 Related party transa¢tlons
The Isalah Prc4ect Llmlted Is a pdvale limlled company whose shareholdei is H Copplng. a Iruslee of the
Charity. H Copping ovm8 the Shares in Irusl for the Charity and Ihe activities of the limlt8d company are
controlled by the Charily. The loan £77,354(2023: £87.0041 is shown within olher debtor8 In the finanaal
statemenls and the loan is considered r8payabl8 on demand,
17-

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
19 Cash ganoratad from oporatlon•
2024
2023
Surplus for the year
85,910
77,216
Adjustrnenls for:
Falr value gains and losses on Inve8lm8nl propert4e8
Depredatlon and Impalmient ol tanglble ffixed a8881$
(21,247)
1,827
1,581
Movements in working eAplt81:
(In¢r¢aseydecrea8e In débtorn
Increa88 In credllors
(30,241)
9,246
321
6,608
Ca•h gan•rat•d from oporatlon•
45,296
85,726
18.