Charlty rnglstratlon numbor 1156428
THE ISAIAH PROJECT
ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

THE ISAIAH PROJECT
LEGAL AND ADMINISTRATIVE INFORMATION
Truste•8
C Cooper
H Copplng
O Aroyehun
S Dalley
Charfty numb•r
1156428
Prfncipal addra$$
Femdale Road
South8nd On Sea
E8S6X
England
SS2 4DS
Audftor
A28ts Audlt 8erylce8
7 - 8 Brit8nnla 8u6lne8s Park
Comet Way
south0nd￿n.SOa
E88ex
Unlled Klngdom
SS2 6GE

THE ISAIAH PROJECT
CONTENTS
Pago
Trusta68' report
Stalérnent of Truslaes, r88ponslbllltl88
Ind8pend8nt audltorf8 report
Con8011daled stalement ol flnanclal aCtI￿lIeS
10
Coniolldat8d BalanrA She•1
11
Charlty Balance Sh88l
12
Con8olld81ed statem8nt of cash flow6
13
Notes to thè financl818tatement8
14-28

THE ISAIAH PROJECT
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The tru$tee8 present thelr report and financlal statements fLY tt10 year ended 31 March 2025.
Th8 finandal stat8m8nts have been prepared In accordance wlth the accounting pollcles Set out In note 2 to tha
fjnan¢ial statem6nts and comply wlth the ¢harilVs govemlng document, the Ch8rlllas Act 2011 and "Accounling
Reportlng by Charities,. Statement of Recommend6d Praclice appltcable lo charities preparlng th61r accounts
In 8ccfJrdance wllh the Flnancial Reporting Siandard appllcable In the UK and Republlc of Ireland {FRS 102).
{éffective 1 January 2019).
Objoctlvas and a¢tlvltlo8
Th8 Isalah Pro1￿1 alms lo hélp th088 who flnd themselv88 unable lo move Ihelr Ilfe forward wlthout help and are
wllllng to V￿rk wlth the alm8 of the wol8GI. The individuals and famllle8 who are supported by the project wme
with varying needs, with all wanllng lo change the circumstancés In which they find Ihem88lves.
Our prlnclple oblectlvos and advltl88 are..
To relleve poverty In the South8nd.on-Soa arèa by provldlng good quallly hou$lng and provldlng a
conllnued support Sorvlce for Ih8m.
To promote 8oclal Incluslon for th8 publ1¢ benefft by prev8nllng peopl8 from becomlng soclalty excluded,
rellevlng the needs of those pwlé who are 80clally ex¢luded and a88lsllng them to Integrale into soolely,
enabllng them to gain the lif8 and S¢)dal skllls necessary lo obtaSn and malnlaln Independence In the
communlly by way of oducallon. tr8lnlng and 8UPPOrt.
The rellef ofunemploym8nt for the benefit of the publlc In th8 Southendwon488 are8 In Such ways as may
be thought fit, Inciudlng a861stance lo flnd employment.
The InJ8tees have pald du• regard lo guld8nc8 15sued by the Charlty Commi88lon In decldlng what acUvlli6S tha
charfty sl)ould undertake. The Irus18es are awarè ol Ihelr duly under S.17 of the Charfljes Act 201110 havo due
regard lo tha Publlc Ben8fl1 Guidance publlsh6d by the Charfty Commlsslon. As such, the Trustees ensure that the
acllvllle8 of the Charlty are for pub15¢ benefft.

THE ISAIAH PROJECT
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
A¢hlevements and perfomian
In March 25 the IsaSah Prolect housed 124 rèsidents {66 adults and 58 chlldrgn) In 57 propertl88 across Westcllff.
S(AJthend, Souththurch and Shoebury. The1s8iah Prolect rents 54 of these propertles and own6 3 (2 ofwhlch are
through a limited company- The Isalah Project LlmTiad).
Each famlly or Indmdual housed by us has a befrtender who provid8$ th8m tallored 8UPPOrt. Befrienders aro
provided wlth the Int8ntlon of enabllng people lo t8ke po8lilve steps In life.
The Project also runs addlllonal a￿V[￿e8 to promote soclal Inclu8lon and both mgntal and physlcal wellbelng.
These activSti68 include..
Weekly Open House oJff86 momlngs vthere befrlenders and offlc8 St8ff ar8 avallable io deal any
problems that have arfsen, and Can hélp the resldènts make appolntmenls, go through forms etc. They
also provydé opportunlties to build p08itiv8 relationshlps wlth others on tha prolact a8 well as glvlng us
chance to build r8latlonshlps wlth new people who would Ilke to loln The Prolecl.
A weekly Men's Breakfast Is held lo glve our male resldents the ch8nce to get together. Each resldenl
has Ihelr own rea5¢￿ for att8ndlng - lon8llnes8. food poveriy or slmpty just b8lng.
A bl-monlhly Women's Brunch where thé VK)man on our projoct 961 together to leam new sklll8, be
pampered and be heard.
Famlly actfvitles take ptace durlng half teims and school holldays. These alm lo glve chlldren opportunlti88
thèy may not Othe￿$8 ha￿ and create a supportlve énvlronrnent for both the adults and the chlldron.
Th818alah PToleel help8 lo fund some of Ils work through Ihe S Project 8hop$. These 8811 second hand clothe8,
fumllure and brlc-8-brac, Our fumlturo shops are also part of Ihe Essential Uvlng FurMI Scheme. 8 Schéme ran by
Ihe local ¢ouncll to provid8 crisis support to those most In need.
Wllhin the prolecl we also promote vdunleerfng for both our resldents and those In th8 %￿der communlty. We al
work vAth th8 local Communlty Payback Schem8. Through the88 we have b88n able to off8r part-llmè WO￿ lo hvo
of our volunteers and we were also able lo offor short4erm work to a memb8r of Ihe Communlty P8yb8ck Scheme
untll they found other employment.
The Prolèct Manager Is supporled by 4 part tlm8 staff and 4 full Ilme staff. Includlng an Oper8tlons Managèr,
F5llan￿ Offic8r and Propertles Managar. The befrlendlng te8m has 12 p8rt tlme befrlonders, both pald and
volunloers. The befrlendlng team have made long temi rel81ion8hlps with our Project members, and much of Ihelr
Ilme Is spent vlsltlng arKI supportlng them In Ihelr hornes. Th8 Project also 6mploys three part lime van staff who
are 811PPOrted by 5 volunteers lo collecl 8nd d811ver fumltur6 In the ¢ommunlly. Acros6 the shops and vans we
have 4 residen18 volunteerlng and 4 r881dents In pald posltlons.
In the shops we hava 1 lull Ilme mèmbw of staff and 6 part tFme staff. W8 also have a team of 16+ volunteer8.
The Prol8ct offers the ccmmunlty a ￿uSe clearance servlce where th8 items can then be sold In our shops.
The Isaiah Proled contlnues io be a 'oompasslon' bas8d mlnlstry reachlng those In the eommunlty who often f881
alon8 or unable to move out of tholr drcumsian¢es wlth¢YJt halp.
The team re8pon8lble for the Prolacl Is commltied to be flexlble to 'h88rf the needs of those we erKount8r and lo
demonstrate the love of God In the area In whlch w6 are based.
Consolidation
During the year. The Is818h Project became the benenclal owner of The Isalah Prolecl Llmlled, after oblalnlng
¢ontrol of th6 company from 161h F8bruary 2025. As 8 r8sulL con8011dalad fin8nclal statements have been
prepared.

THE ISAIAH PROJECT
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Flnan¢lal review
Income and expendlture shown In theso accounts represents Aprfl 2024 to March 2025. The total income was
£1,515,5318nd total expbndlture v188 £1,390,523 leaving a sutplu$ of£125,008 for Ihe year. c￿81 thls period. we
recelv8d £16,830 In grants and £1,883 was raceived In donallon8 And ￿Qades.
It is the pollcy of the charfly that unTesldc18d funds whlch havé not been designated for a specffic u58 shoukl be
malntalned 81 a level equlv818nt to approximately Ihree month's gxpendlltKe. The Trustee8 consider that raseNes
at thls level wll ensure that, In the event of a slgnificant drop In fvndlng, they Mll bè able lo contlnue the tharlty's
curr8nt acllvltl88 while conslderats'on Is glvèn lo ways In vthld) addltlonal funds may be raised.
Th6 Trust88s have a duty to Identify rlsks and re￿eW the rlsks to whlch lh8 charity18 èXW)S8d and to ensure
approprlal8 conlrols are In placè lo provlde re8s0nable assuranc8 agalnsl fraud and èrror.
In Ihe comlng year The Isalah Prc4ect alms to c¥)ntlnve to fulfil Its otlecllves. In dolng so there VAII b8 a contlnued
need to s66k lo dlverslfy the fundlng streams that enable The Project to pro￿8 servlce it does. Expansion has
meant that addillon81 befrlend8r8 hava be6n r6crultéd and Iralned as more rosldenls are accommodated.
Plan8 for futur• porlod$
We are looklng to further develop the support we glv8 to the members of t)ur proJect and1118 hoped thal In ear
2026 we VAII be abl8 to offer targeted groups uslng the support plans we produ¢a lo Inform us. Th18 wlll ba
dependent on ralslng addStional lundlng through grants. We would also liko lo extend th8 programmes we offer
our younger resldents.
8tru¢turo, gov•manc• and manag•ment
Th618alah Prol8¢118 a ch8rftable Incorwrated org&ni88llon (CIO) govemed by tha foundatfon mod81 constitullon.
The Chadty was reg181ered vAth the Ch8rlty Comm1861on on 28th March 2014 8nd commenced acuvllles on 181
January 2015. Prfor lo thls date, The lsalah Prolecl had b&an operallrvJ for several yo8rs as part of Soulhend
Chrfsllan Fellowshlp, a ccoporallng Gharlty. In January 2023 we moved our prlndple office to The Isalah Project,
Femd81e Road, Southend on Sea, E89ex, 8S2 4DS. The charlty18 reglstsred wlth the Charily CommS8sion In
England and Wales and Ils reglstr8t1￿ numb8r Is 1156428.
The Irustees VA)0 $8rved durlng the year and up lo Ihe date of 8lgnatur8 of the flnanc1818t8témènls were:
C Cooper
H Copping
O ArDyehun
S Dalley
The ch8rlty Is managed by a board of four Iruslees $alect6d because they strongly endorse Ihe charitable
oblectlves of tho organlsallon and 8UPPOrt its Chrlslian ethos. When s81&¢llng truslee8, the charlly alms to ensure
Ihere18 a br08d range of r8levanl skllls. Trustees are appolnled after inleNiews wllh ex18ting trustees and fomial
sits to the organlsalon, lo ensure thal they un(Jerstand our vlslon and valuas. Truslees ao subjecl lo
Disclosure and Barrlng Service checks vthere appllcable. Any potentlal Trustee Is made aware of tha legal
obllgatlons under Charfty law.
The Trust actlvely endorses tralnlng al 811 leve18 of the eharlty. New Iruslees p8rtlclpate In an InduclSon process
which Includes becoming famlllar wllh all the Trust's prolecl8', rgcelvlng relevant Informatlon regardlng health and
safety 8nd personal safety; 8 copy of the CIO'S ccfjstitullon and rol84elaled knovledge where applicable. New
twslees are also gtven copl8s of relevant Ch8rlty CommSsslon Ilterature, Such as "CC3 The Esgentlal Tnjslee.
and "Guld8nce frjr Charfly Trustees" Trustees are encour8g8d to undertake development Iralnlw whère
approprlate.

THE ISAIAH PROJECT
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The Isalah Projocl recognlses the need lo provlde a s8f8 and carlng envlronmenl for chlldren, young paople and
vulnerable adults. We acknc•wledge th81 childr8n, yOLFng people and vulnerdble adults can be th8 victims of
phWcal. sexual and emotlonal abus8, and neglect. Therefore, all pald and voluntary staff worklng wsth
vuln8rabte adults undertake wular In4￿68 sofeguardlng Iralning and are Disctosure and Barrlng Servlc
Checked. Wh8r8 morg In-depth tralnlng Is Identified as belng required thls wlll be sought from CCPAS (The
Churches, Child Protection Adviw SeN¢g), The Isalah Projeci wlll also ansure that chlldren and vulnerable
adults are provided vAth infomallon on %there lo g61 help and advic8 In relation to abus8, dlscrimin8tion, bUll￿ng
or any other maller vknere they have a concem. Th8 Isaiah Project Safeguarding Policy is ImpSgm8nted by Hazal
Copplng Isafeguardlng Coordlnalor), Geraldine Vkker8 {Deputy Safeguarding c(K￿dInal0r) & Tracy Makepeace.
The Trust888' report was 8pproved by th8 Board of TnJsle8S.
TnJ8186
OLF i
Dated., !S.l.......... .

THE ISAIAH PROJECT
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The truslees are responslble for preparfno the Trust885' Report and the financlal statements In accordance wth
appllcable lawand Unlted Kin9dom ACC￿n￿ng Slandards (Unlted I￿ngdoM GenerallyAccepled Actwnting Practice).
The law appllc8ble to charities In England and Wales raqulr8S the trusteès to prepare finandal slat6ments for each
fin8nclal y88r which glve a Iwe and falr view of the stalé of affair8 of th• charity and of the Incoming resources and
8pplicalion of resources of the charity for that year.
In preparfng these financlal Statements. the tru8tee8 are réqulred to.,
- 8elecl sultable accountlng pollcjes and thon apply them I￿SIstentI￿.
- ob8eNe the melhod8 and prlnclple8 In the Charttie6 SORP.,
- make ludgem8nts and esllmales that 8r8 reasonable and prudent;
81ate wh8thér appllcable 8ccounting standards have been followed. subJoCt lo any malerl81 departure8 diBdo$ed
and explalned In the financlal slalements: and
- wépare the financial 81al6m8nts on the golng con¢em bas18 unless It Is Inapproprlate lo presume that th8 th8rlty
VAII continue In op6r8110n.
The Iruslees are responslble for keeplng 8ufflclenl a¢counllng r6cords th81 dlselose wilh reasonable accuracy al 8ny
tlrne the financial poslllon of th8 charily and enab￿ them lo ensuré that th8 flnanclal statements ¢omply ￿th the
Ch8rlll8s Act 2011, Iha Charily (Accounls and Report81 Regulailons 2008 and the provSslons of the tru81 deed. They
ar8 also re$ponslbTro for safeguardlng Ihe assets of the charfly and hence for taklng reasonatle 8iep8 for the
prevention and délectlon of fraud and other Irregularltles.

THE ISAIAH PROJECT
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF THE ISAIAH PROJECT
Oplnlon
We have audlted the finandal statements of The Is8iah Prolect (Ihe 'charity') 8fKI Its subsldlarfes (the 'group') for th8
yèar ended 31st March 2025 whlch cDmprise Ihe Consolidated Slalemenl of Flnancial Acllvltles, the Consolid8ted
and Charity B818nce Sheet, Consolldated C8sh Flow Statement and notes to the flnan¢ial slatements, Including a
summary of 81gnifi¢ant 8¢countlng polldes, Ilnanclal reporting fram6worf( that has be8n 8pplled In Ihelr
preparallon Is appllcable law and Unltad Kingdom A¢countlng SlarNJards, Includlng Flnanclal R6portln9 Standard 102
The Flnanclal Rawting Standard appllcable in th8 UK and Republic of Ireland {Unlled Klngdom Generally Accepted
Accountlng Pr8¢Uc8).
In our oplnlon. the Ilnanclal statements:
Give a Irue and falr vlew of the stale of the group'8 and of the charlty's affalrs 88 al 31 $1 March 2025 end of th8
group's Incomlng resourc8s and appllcallon of resources, for the year thon end8d;
have been property pr8pared In a¢cordance with Untted Klngdom Gen&r8lly Accepted Accountlng Prncllco., and
have bean pr8par8d In ac￿rdanCe wlth the r8qulrements of the Companles Act 2006.
Ba•ls for oplnlon
We condu¢l8d our audlt In accordance wllh Intematlonal Slendards on Audltlng (UK) (ISAS {UK)) and appllcabl6 law.
Our ￿sponsIbIlItIeS under thoso standards are further descrlbèd In the Audltor's r8sponslbllllles for the audll of th8
finandal 8talernents sedlon of our report. We are Independent of Ihe ¢harlly In 8ccordance vAth Ihe 8thlcal
requirements that are relevanl to our audll ofthe flnandal stal8m6nts In tha UK. Induding tha FRC'S Elhlc81 Slandard.
and we have fuiniied our othér ethlcal r88ponslbllltles In accordance wllh the88 r6qulrements. W8 balieve th81 the
audlt evldenca we h8v8 obtalned Is sufflclent and approprfale to provld& a b8sls for our oplnlon.
Conclusions relatlng to golng concom
In audltlng lh6 f*nanclal stalernents. we hav& concludéd that the Tru81888' Use of the oolng can￿M basls ofaccounllng
In Ihe prepaiallon of the flnanclal statements Is approprlale.
Based on th8 work we h8ve performed, w6 h8ve not Idenllfied any mala￿al uncertalnlies relallng to events or
Ddlllons that, Indlvldually or collecllv&ly, m8y cast slgnificant d¢xJbt on the group's and ch8rlty'8 ability lo ¢onllnue
as a golng Concern for a pevlod of at least Iw8lva months from when the flnanclal statements are aulhorisad for Issue.
Our r88ponslbllltles and the responslblllll•s of the Irustèa8 wlth respect lo golng concem ar6 descrlbéd In ihe ralevant
6ectEons of Ihls report,
othèr Infomiallon
The other Informatlon comprlses the Infomiatlon Snduded in the annual report other than Ihe financlal slalements and
our audIt￿6 report Ih8reon. tnjsteas are responslble for the olher Informatlon contalned withln th8 annual report.
Our opinion on the Ilnand81 slalements does not cover the other Informalion and we do not expre88 any form of
assurance concluskin thereon. Our responslbllrty Is to read the other Informallon and. in doing so. conslder whelh8r
the other Inform81ion18 m8terfally Inconslslènl with the fln8nclal statements or our knowledge oblalned In the course
of the audit, or otherwlse appears lo be m8terlally misstated. If we Identify SUGh material in¢onslstenc4es or apparent
malerial mlsstslemenls, we are requlred to delemlne whether Ihls glvgs rlse (o a material misstatement In lh8 financlal
slalement8 thèmselves. If. bas8d on the work we have perfomied. we conclude that there Is a materlal mlsslatemenl
of Ihls other Infom18tlon, we are required to report that fact.
We have r￿thIng to report In this regard.

THE ISAIAH PROJECT
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE ISAIAH PROJECT
Matters on whlch we are requlred to report by exceptlon
We have nothlng lo r6POrt In respect of Ihe folk)wlng matters In relatton to which the Char1118s {knounts and Reports)
Regulations r8quir8 us lo report lo you if, in our opinion..
the informatFon given In the financlal ststaments 18 incon￿stant in any material rèspect wlth Ihe TNstees' report;
or
suffldent accountlng records have not been k8ptr, or
the flnanclal statements are not In agreernent wth th8 accounllng re¢cYds; or
wa h8ve not recelved all the Informatlon and exp18n8tlon8 we requlre for our audll.
R•8pon8lbllltle6 of truste08
As explained more fully In the st81amenl of Trustees, responslblllttes, the trustees are responslble for the preparallon
of the flnanc¢al slalemenls and for belng satSsfi8d that Ih&y glve a true and falr vlew. and for such Inlémal control as
the truslee8 determlne 1$ nec6ssary to gnablo Ihe preparallon of financial sl8lem6nts that are free from Mate￿81
mlsslalement, wh8ther due to fraud or error. In preparing the fln8naal slalements, the trustees aro re8pon8lbl8 for
assesslng the group's and charfty's ablllty to eonllnue as a golng concern. dlscloslng, as appllcable. matters relat8d
to golng conc8m and uslng thè golng concem ba8ls of accounting unle$8 thé tnjstees elth8r intend lo ceas
0￿ratIons, or have no rg8118d¢ allernatlve but to do so.
Audltof8 re8pon$lblllths for th• audlt of lh• flnanclal 8tataments
We hav8 bean appolntad 8s audllor under secllon 144 of tho Charftles Act 2011 and report In accordance vAth the
Act and relevant regulauons made or havlng effact Ih8reunder.
Our oblecdves 8ra lo obtaln reasonable a$sur8nce aboul wh8thér the financlal $18t8ménls as a whole are free from
malerlal misgtalemenl, whether duè lo fraud or error, and lo Issue an audiiorfs rèport that Indudos our oplnlon.
Reasonable assurance15 a hlgh lev&1 of assurance bul Ss Dol a guaranlee that on eudlt conducled In accordance ￿rf1h
ISAS {UKI wll always d816cl a materlal mi6Sta16m8nl when It exlsts. Mlsst8tements c8n arl88 fr¢Jm fraud or arror and
are consld6rgd materfal If, Indlvldually or In Ihe aggregate, they could reasonabty be 6xp8cted to Influence the
ewnomlc d8cislon8 of USèTS taken on the bas18 of these financlal stalemenls.
A further descrtption of OUT re8ponslbllltl8s Is avallable on the Flnancl81 Reportlno Councll's webslta aL http8.'11
.frc.org.uklauditorsre8pon8lbllllles. This descrtpllon forms part of our audilorfs report,

THE ISAIAH PROJECT
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE ISAIAH PROJECT
Exienl to which the audlt was consldered capable of detecting irregularitses, Indudlng fraud
Irregulariti88. including fraud, are Inst8nc8s of non-compliance with laws and regu18tions. We deslgn proc8dure8 In
Ilne wlth our respon8ibililles, outlln8d abov6 and on the Flnandal Rawtlng Councll's webslte, to detect material
ml8ststemenls kn respeot of Irregularltles, including fraud.
We oblaln and update our understanding of Ihe entity, its activitles. its control environment, and likely fvture
developments, includlng in rnIat1￿ lo Ihe laoal and regulatory framework applicable and how the entity is complying
vAth that framework. Based on Ihl8 und8r8tandlng, we Identlfy and asse99 the rfsks of matedal misstalernent of the
nanclal 8tat8ments, whether due to fr8ud CK 8rror, dèslgn and p8rf0rn audll procedures resporvalve lo those rlsks,
and d>taln audll evldence that Is sufficlent and appropri818 lo provsde 8 basis for our oplnlon. Th15 Includes
Conslderatlon of the rlsk of acts by tha entlty that were contrary lo appllcabl8 Savts and regUla￿OnS, induding fraud.
In résponse lo the risk of Irr8gul8riti88 and non-compll8nc4 vAth laws and regulatlon8, Includino fraud, we de81gned
proc6dures thlch Induded..
Er)qulry of m8nagemènt and those charged wllh govemance around actual and polenll81111198lson and dalm8
88 W811 as actual. suspected and alleged fraud.
RevIe￿ng minules of meatings of those charged wlth aovemance;
Ass6sslng the extent of compllance ￿1h the laws and regulatlons considered to have a d5￿¢1 malori81 effecl
on th8 flnancial stalements or the operalions of the entlty thrixjgh enqulry and inspeclion;
Revlewng financial Slalement dlsclosure8 and 18sllng to supportlThJ docum8nlalion to a8s888 compllance
wlth appllcablé lav￿ and reoulallon$',
Perfomilng audlt woth over th8 rfsk of management b186 and overrld8 of controls, Includlng tsstlnll oflournal
enlrles and olher adlu8trnenls for appropriateness, evalu8llng the bu81ness rallonalè of 8lgnlflcant
tr8ns8cUons outslde the nomial course of buslness and revlewlng accounllng esllm8tss for Ind1¢81or8 of
polent181 bla8.
Because of the Inhèr8Dt Ilmlta14on8 of an audh, Ihere Ss a rl8k that we wlll not detect all lrragul8r￿e8, Includlng those
leadlng to a materfal mlsstalement In the financlal slalèments or nOn￿omplIanca wlth régulallon. This rlsk Increases
the mor8 thal compll8nce wlth a law or regulatlon L8 removed from tho events and transacllons r8fl8¢18d In the flnanclal
8tstemen18, 88 we ￿11 be le88 Ilkely lo become awaré of instance8 of non-compllaD¢e. The rlsk of nol detecting a
malgrial mlsslatement resultlng from fraud Is hlgher than for one r8suSllng from error, as fr8ud may Involve Oolluslon,
forg6ry, Inlénllonal omlsslons, mlsrepresentatlons. or the ov8thde ol Internal eonlrol.
Other matters
Your 8118nllon Is dravm to the fact thal the charlty has prepared fln8ndal st8tem8nis In acC￿rd8nc0 wSth 'Accounllng
and Reportlng by Charlt16s'. Statoment of Recommended Pra¢llc* appllcable lo ch8rftl88 preparlng thelr accounls In
accord8Dce vllh the Financl81 Reporting Standard 8ppllcable In the UK and Republlc of Ireland (FRS 102). {a8
amended) in preference lo Ihe Accounting and Reportlng by Charltles.. Statement of Rècommended Practlce Issued
on 1 Apyll 2¢)05 whlch Is referred to In Ihe extsnt regulallons but has now been vAthdrawn.
This h88 bean done In order for the financial staternènts to provld8 8 tnje and lalr vlew In accordance vlth current
Generally Accepted Accounllng Pr8Ctlce.
Usè of our report
Thls report Is made solely to Ihe charit￿8 tW81ees, as a body. in a￿darIce With part 4 of Ihe cha￿11￿8 (Accounts
arml Reporis) Ragulatlons 2(M)8. Our audlt work has bean undertaken so that we might sla1810 the charitys Irusleès
those matters we are requlred to stste to them In an auditorfs ￿parI and fN no other purpose. To the fullest axient
permStted by law. we do not accept or assume r8sponslblllty to anyon8 olher th8n the th8rlty and the charitys twste8S
as a body, for our audil work, for this report, or for the oplnions we have fomed.

THE ISAIAH PROJECT
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF THE ISAIAH PROJECT
Jullan Goldlng (Senlor Statutory Audllorl
for and on behalf of Az•ts Audlt Servlc08
15..1.q.*.LLg*1•
Chartered Accountants
Stat(•tory Audltor
7- 8 Brltannla Bu$lrw88 Pafk
Comel Way
SoulhendQn-Sea
Essex
Unltad Klngdom
SS2 6GE
Az8ts Audlt SoThlc66 Is ellolble for apwlntsnant 88 8udllor of lh8 charlty by vlrtua of Its ellglblllly for 8ppolntm8nl as
audltor of a company under secllon 1212 of Ihg Companle8 Act 2008.

THE ISAIAH PROJECT
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unr￿trIcted Restricted
funds
funds
2025
2025
Total Unrestrlcted
lunds
2024
Restricted
funds
2024
Total
2025
2024
Notss
Donatlons and18gacles
Ch8ritabl8 8ctivllles
Other Iradlng activities
18,713
1.021,702
410,116
18,713
65,000 1,088,702
410,116
6,￿8
872,513
346,261
6,908
911,043
346,261
38,530
Total In¢omo
1,450,531
85,000 1,515,531
1,225,682
38,530 1.264.212
Ralslng fund8
344,679
344,679
287,580
287.580
Charltable aCtI￿tIeS
988,167
57.677
1,04S,844
873,439
38,530
911,969
Total r8sour¢o8
exponded
1,332,846
57,677 1,390,523 1.161,019
38,S30 1,199.549
Net g81n81{los$esl on
inveslmonts
12
21,247
21,247
Net Inc¢ma for thè yearl
N?t movemont In funds
117,685
7,323
125.008
85.910
85,910
Fund balances at 1 April
2024
644,248
5,384
549,630
458,336
5,384
463,720
Fund b8lancos at 31
March 2025
661,931
12,707
674,638
544,246
5,384
549,630
The statement of financlal activltles Includes 811 galns and losses recognlsed In thé year.
All Incl￿8 and expendlture derlvo from contlnulng a￿￿1108.
10-

THE ISAIAH PROJECT
CONSOLIDATED BALANCE SHEET
AS A T31 MARCH 2025
2023
2024
Flxod a•*ol•
Negatlve goodwlll
Tanglble assets
14
18
{21,6031
441,138
Curr•nt a•8•t8
Oebtors
C8sh al bank and In hand
17
74,526
199,764
274,290
Crodltor•: amount• f•lllng du• wlthln
on8 yoar
18
(19,187)
Nel current a88et8
255.103
Totsl a•8•ts1•48 curr•nt11obllltl••
674.638
Incorn• fund8
Reslrfcled fund8
20
12,707
De81gnaled funds
General unre8tr1eted fund8
661,931
681,931
674,638
The financlal stAtem8nts ware approvad by tho Tru8tees ..l¥l.9.4+.1. 2026
TN8t
sYeuE￿J fJaLL&.y.
11

THE ISAIAH PROJECT
CHARITY BALANCE SHEET {CONTINUED)
AS AT31 MARCH 2025
2025
2024
Not•o
Flx•d as8•ts
Tangible 8S8ets
Investment
16
10
141,138
142.171
141,140
142.171
Currnnt as••t•
D8biors
Cash at bank and In hand
17
354,673
189,072
133,307
308,010
543.745
441,317
Cr•dllorn: amounts lalllng du• wlthln
ono year
18
(11,578)
{33,858)
Net curront 8888ts
632,187
407,459
Tolal ¢urr•nt Ilabllltla•
673,307
549,630
In¢omo fund8
Re8lrf¢led funds
20
12,707
5,384
Daslgnatad funds
Gen8ral unrestslcted funds
340,221
204.025
660,6Cp)
660,600
644,246
673,307
549,630
Is /. ts4-12c*2G
Th8 flnanelal ststsments y￿ra approved by the TN8tee8 on .. .
Tru8tO0 ￿LLey
12-

THE ISAIAH PROJECT
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Not•8
C•*h flow8 from op•ratlng actlvltl•B
Ca8h generated from 4)peratlon$
22
168.813
Inv•stlng a¢tlvltl••
Intanglblo a$sel on ¢on8olld8tlon
Tanglbl• fix•d assets on bu8ln8$8 ¢omblnatlon
21,803
1300,6641
N•t Ga¥h umd In Inv••tlng a¢tlvltlo•
{279,0611
Nel cash u8•d In flnan¢lng acllvltl•8
N•t (d•¢r•a••lllncrna•o In ¢aih and ca•h
•qulval•nl•
{112,248)
C88h and caah equfvalents 8t bgglnnlng of year
308.010
Ca8h •nd o&•h oqulvalént• at •nd ol year
199,764
13-

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollclgs
Charlty Infom)allon
The18alah Projecl Is a ¢h8rltabl8 In¢0￿0[aled organlsation {CIOI govemed by the fourm1a￿0n model
constitutton. The ch8rity was roglstered wlth the Charfiy CommlssEon ￿ 28th March 2014 and commenced
aclfvlties on 1st January 2015. Prlcff to Ihis dale. The188iah Prolaot has b8en oper8llng for several years
as part of Southend Christian Fellowship, 8 cooperating charily,
2.1 Accountlng ¢onventlon
The finandal 81atements have been prep8red In accordance with the ch8rfty8 Igovemlno diKumentl, the
ChaYltSes Act 2011, FRS 102 'The Financlal Reportlng Standard applicablè In the UK and Republic of Ireland"
rFRS 102") 8nd the Chari118s SORP 'Accountlng and Reportlng by Charlll8s'. Stal8menl ol R6commended
Practlce appllc8bl8 lo charities preparfng th8ir acccAJnls In accordance with the Financial Reporting Standard
appllcable Sn Ihe UK and Republlc of Ireland (FRS 102)" {effectlve 1 January 2019). The charlty 18 a Publlc
Beneflt Entity as deflned by FRS 102.
Th& fln8ndal 8tatem8nts ha￿ departed from the Charflle8 (Accounts and Reports) Regulations 2008 only to
Ihe éxtent requlred to provlde a Irue and falr vlèw. Thls doparture has Involved folk)wlng the Slalemenl of
Recommendéd Pradka for charlties applylng FRS 102 rather than the verslon of lh8 Slalement of
Recommended Practs'ce whlch Is referred to In Ihe R@gulalions but whlch has 8lnc6 been withdrawn.
The financlal 8latèm8nls are prepared In sterllng, whlth Is lh8 functlonal cUrre￿Y of the ¢h8rlly. Monetsry
amounts In Ihesg ftnancl81 statèments aré roLFnd8d to the nearest £.
The financl81 statements have Èé6n prep8r8d under the hlslorlcal cost conventlon, modlfied lo Include the
revaluollon of freehold propertles and to Include Inveslrnenl propertSes and ￿rtain fin8nclal instruments al falr
value. The prfndp818ccounllng pollcles adopted are set out below.
Where control Is 8x8rci86d by the parent charlty ovèr anothgr entlty, thos8 entilies are consolldaled as
subsldiarles on 8 line-by41ne basi5 In accordance with FRS 102 - sectlon 9 and the Charlues SORP (FRS102).
Detalls of these entltles are glven In note 15 to the flnanclal stal8m8nts.
A s8parnle st8t8menl of flnanclal aclivill88 for the charftable company has not beon presented be¢aus8 the
charltable company has taken advantage ofthe exemptlon afforded by Section 408 of the Companles Act 2006.
2.2 Going eoncern
At the Ilme of approvlng tho flnanclal statements, the tNstaes havé a reasonable exp￿latIOn that lh8 charfty
has adequate resources lo condnu8 In operatlonal existenc8 for the foreséeable futur8. Thus the trusts88
contlnue to adopt the golng ￿ncern basls of accountlng In preparing the financl81 statements.
2.3 Charltable funds
Unr8Strlcted funds are available for use at the dlsctstlon of the trustees ID lurtharanca of Ihelr charltable
objectlves unless the funds have been de61gned for olher purposes.
Deslgnated funds comprSse funds whlch have been set aslde 81 Ihe dlscretlon of thé Twstees speclflc
purp088s. The purposes and uses of the designated fund$ are sel out In th8 notes to lh8 finandal
8talemenls.
Restslcted funds are subject lo specific condhlons by donC￿S as to how Ihey may b8 used. Tha Purposes and
Uses of the restrlcted funds are set out in the notes to the financial st8temenls.
Endowm6nt funds are suLlect to sp8dfi¢ condStion8 by donors that the capll81 musl be maintalned by the charity.
14

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounllng pollcl88
2.4 Incomè
Income Is recognised vthen the Cha￿tY Is legally entitled to it after any F￿rformanCe ¢ondltlons have been met,
the amounls can be mea6ur8d reliably, and It18 probable ihat Income bo rèe8hied.
Cash donatlons are recognlsed on recelpi. other donatlons are recognls8d once the charfiy has bgen notméd
ol the donation, unless performanc& conditions require deferral of th8 amount. Incomé lax recoverable in
lallon lo donallons recelved under Glft Ald or deed8 of covenant Is racognised al the tlme of the donatlon.
Tumover 16 measur8d at the falr value of thè ￿nSideratIon r6eèlv8d or rec6lvablé and repr886nt8 8mounts
re￿1vable for goods and sebvlce8 provlded in Ihe nom7al courBe of bu81ness, net of d18counts, VAT and
other sales r6laléd lax6S.
2.5 Expendlturo
Tradlng costs ¢¢xnpr188 all expendlture Sncurred In th6 op8rallon of Gharity 8hop8 raise Income for the
charfly as well 8S an awa￿ne$S of Ils work.
Expendftur8 on tharltable sctl￿tIeS InGlude8 all exp8ndltur6 dlreclly related to the provlslon of the maln
acllvltles of the charlty.
Costs that ar8 retaled to Ihe runnlng of the charfty but not dlractly attrfbutable to a ¢he￿￿ble 8clivlty ere
811ocaled beNve6n activlll88 and Ir8dlng costs on 8n approprl819 basls,
2.6 Intanglble flxad a$80t8 - goodwlll
Goodwlll rw6s8nts the excess of the cost of acqulslllon ol unIn￿rporated bu8lnes8es over the falr value of
nel a88els acqulred. 11 Is Ini118lly reMgnlsed as an asset al co81 and Is subsoquently measured 81 CLJSI 16ss
accumulated amortlsation and accumul8ted impaimienl108ses. Goodwlll shall be consldered lo have a flnlte
useful Ilfe, and shall be amortlsed on a syslemauc ba816 ovw118 Ilfe.
N atlve
odwl
If tha fair value of the Idenllflable nel 8888ts acqulred ex¢eed8 the conslderatlon tran8ferred. the surplus Is
recognl8ed 88 negallve goodvAII. Béfore recognlslng negallve good%￿[1, the charlly re8s8es8es whether all
acqulred a888tS and Ilablliuès have been corroclly Identllled and me88ur8d In accordane* vAlh FRS 102.
2.7 Tanglbl8 IIx8d assats
Tanglble flx8d as88ts are lnltl8lly measured 81 cost and subsoquently m88sured al cost or valuallon, Ml of
deweclatlon and any Impalmw)I Ios80S.
Depr8ci81ion 18 reGthJnised so as to wrile off tha cost or valualon of asset8 I￿$ thelr resklual valuas over Ihair
useful live8 on the fdlowlng ba8es'.
Freehold land and buildlngs
Flxlures, fillings & equlpmenl
Computers
Motor vehlcles
Not depreciated
25% on cost
25% on cost
25% on cost
The galn or Soss adslng on th6 dl$pos81 of an asset Is det8rmlned as the dlff8rence belween the Sele proceeds
and the carylng value of the ass81, and Is r6cognls8d In the statement of tinanclal activillos.
f5-

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
AcMuntlng pollcle8
Fr88hold propertlés ara deP￿lated over Ihelr estimated u86ful economlc lives of 50 years. However, the
resldual value of 88ch property Is LX)nsld8r8d lo be high due lo rep81r.and malnlenanc8 works. Accordlngly,
the dlrectors consldered the depreciauon charge for the year ar)d on 8 cumulallve basis to be Immabrlal.
Prop6rties whose falr value can be measured rellabty are held under the revaluatlon model and are carried at
a revalued amount, belng their f81r value al the dat8 of valuation less any subsaqu8nl accumulated depraclation
and subsequ6nl accumulated lrnpalmient losses.
Revaluatlon galn8 and1088e8 afe recognlsed In olher recognlsed galns and1088eS 8nd accumulated in 8quIIy.
except io the extent that a revaluallon galn reverses a revaluation loss préviously recognlsed in net Incomel
{exp8nditure) or a rev8lualk)n loss exceeds the accumulated revaluatlon g81ns rewgnised In eqully., such galn8
and loss are recognI88d In nel incomel(exp8nditure) for the year.
2.8 Impalmiont Of ftxed assots
At each reporting end d818. th8 tharfty revl8ws the carrylng amounts of It8 tanglble and intanglblé ass8ts to
d8temiln6 whether there Is any indicalion that those assets have suffered 8n Impalrment Ioss. If ary such
Indlcatkjn 8xEsts, lh6 r￿0Verable 8mount of the asset Is estlmated in order to delemln8 the extent of the
Impalrmenl108s (If any).
Intangiblè a88818 ￿￿th Indefinlle useful Itves 8nd Inlanglbl8 assets not yel avallable for use are188ted for
Impalmenl annualty, and whenever there is an Indlcallon that the 8SS8t may b8 impalred.
2.9 C8•h and Gash •qulval8nts
Cash and cash 6quivalents Include cash In hand, dgposlts held al call vAlh b8nk8, other $hort4em Ilquld
Investments with orlglnal malurilles of three month$ or188s, and bank overdrafts. Bank overdrafts are shown
wlthln borrovAngs Sn currenl Ilabllllles.
2.10 Flnanclal In•trum•ntJ
The charlty has elecled to apply the Provlslons of Section 11 'Baslc Fln8n¢lal Instrum8nt8' and Secllon 12'0ther
Flnanclal Instruments Issues, of FRS 102 to all of Its financlal Inslrum8nts.
Flnanclal Instruments are recognlsed In the ch8rlty'S balance 8héet the ch8rlty becomes p8ty to the
¢ontractual provislons of lh8 Instwment.
Flnanclal assets and Ilablllttes are offsel. ￿th the nel amounts presented In the fin8nclal slaternents, when Ihere
Ss a legally enf￿eeabIfj rlght lo sél off the r8cogni88d amounts and there Is Én Intention to sellle ￿ a net basls
or lo reallse the asset and sellle th8 Ilabllity slmullaneously.
Bas1¢ flnanclal assats
Baslc flnancial assets, which Indude debtors and cash and bank balan¢6s, aré Inltlally measured at transaction
pricè Includlng transacllon costs and are subsequenlly carrfed al amt)rtlsed cost uslng the effectlve Inl8rest
melhod unless the arrangem8nl conslltules 8 financing Iran8aclloD, vthere the transaction Is measured at Ihe
present value of the futurè r8c8lpls dI￿oUnted al 8 market rate of Interest. Flnandal 8ss8ts dassified a8
r¢Jcelvable wlthin one year are not amortised.

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng pollclos
Baslc flnanclal Ilabilltles
Basic flnanclal IlaNlldes. including credltors and bank loans are Initialiy re¢ognlsed at Iransacllon prlce unless
the arrangamenl ¢onstilutes a financlng Iransactlon. vthere th8 debt Instnjmenl is measured at the present
value of the future payments dlscounl8d at a market rate of Intere8t, Flnanclal liabllilles cl88sified as payable
¥￿thIn ona year a￿ not 8morUsed.
Debt Instrumonls 8re subsequently cardéd at amortised ojst. uslng the effo¢Uve Inter661 rate method.
Trade credltors are obllgallons lo pay for gcods or 58rvlces that have b88n acqulred In Ihe ordlnary cours6 of
operations from suppllers. Amounts payable are cl888ified as current liabllllies rf paym8nl is due ￿thIn one year
or less. If not. they 8rè presented as non-currenl Ilabililles. Trad8 credltors are recogni86d Inillally at transactlon
prlce and SubSequen￿Y measured at amortised cost uslng thé effectlve Int8rest molhod.
Dorncognltlon of flnanclal Il•bllltlè8
Fln8nclal Ilabllitses are derecxjgnlsed vA)en the charfty'8 contractU81 obli9allons explr8 or are di8charged or
cancelled.
2.11 Employ•0 boneflts
The cost of any unused hollday enlltlemenl Is re¢ognlsed In the perlod In whlch tha employ86'8 8ervlc8s are
rec6lv8d.
Tennln8llon ber￿lS are recognlsed Immedlalely as an expense when the chartty Is demon81rably commltted
lo lermlnale the employment of an employee or lo provlde18rminallon beneflts.
2.12 R¢tlrem•nt baneflt8
Paymen18 to defined wnlrfbutlon retirement beneflt schemes are ¢harg8d a8 an expenee a8 they fall due.
Crltl¢al accountlng 6stlmat6s and Judgements
In the appllcatlon of the charfty'8 accounllng pollaes, the trust8e8 are requlred to make ludgemenls, e8timates
8nd a8sumpllons 8boul the carying amounl of assets and Ilabllllle8 thal are not readlly apparent from other
sourc8s. The estlmales and assoclated assumptlons are based on hislorfcal experlence and other factors Ihal
are consld8red to b8 relevant. Actual results may dlffer from these estlmates.
The eslimales and underlylng 8ssumptlons are revlewed on an ongolng basls. Ravlslons lo accountlng
e8llmate8 ar8 recognlsed In the period In whl¢h the estimate Is r8vl$ed where the Tevislon affects only that
perlod. or In th8 per1￿j of the revlslon and future perlods where the r8vislon affeGls both currènt and future
perlods.
Investment property V8luatlon
The valuallon of Inv081rnent propertles Is 8 key source of estlmation uncertalniy due to the inherent sui¥ectlvity
Involved In asse8sin9 fair value. Invesimenl properties are measured al falr value al the r8POrtlng date In
aC￿rdance vAth FRS 102. Falr value is delermlned based on an Independent professlonal valualion or, where
this Is not praGllcable. by the Inlslees uslng av8118ble markat evidence. These valuallons involve a number of
gnificanl Judgem8nt8 and estimètes.
17-

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Donallons and legacles
Unre•trleted Unr881rlcled
funds
funds
Tot81
2025
2024
2024
Don8tlon8 8nd glft8
Government gr8nts
1,883
16.830
6,908
18.713
6.908
6,908
18-

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Other Iradlng aetlvltl••
Unra8trlGt•d Unr•atrlctsd
funds
fund*
2025
2024
Shop Income
410,118
346,261
RaS8lng fund•
Unr••trlctod Unr•itrlct•d
fund•
fund8
2025
2024
Operatlng charlty 8hop8
Support ¢08t8
83,122
261,557
73,575
214,005
Tradlng cos18
344,679
287,580
344,679
287,580

J (ry**a)
crj N (o ¢0 o)

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support GOSt6
Support Governance
Q5ts
Gos15
2025
Support G*Jvomance
costs
costs
2024
Staff cosls
Oepreclatlon
In8urance
Accountancy
Bank Charges
Comwter Cost8
Audlt fe8s
Postage, Prfnung &
Statlonery
Telephon88
Olher
Rent
434,042
1,696
7,386
3,389
3,551
2,578
6,450
434,042
1.696
7,386
3,389
3,551
2,576
6,450
357,098
1,627
6,261
6,060
3,050
357,098
1.627
6,261
6,060
3,050
1,604
1,710
1.791
7.019
10,674
1.710
1,791
7,019
10,674
2.319
1,798
4,207
9,296
2,319
1,798
4,207
9,296
480,284
480,284
393,320
393,320
Analysed belween
Tradlng
Charitable acllvllle8
261,S57
218.727
261,557
218,727
214,005
179,315
214,005
179,315
480,284
480,284
393.320
393,320
Support Costs are alk¢aled lo Ihe aCtI￿ty that they ralate and th8n spllt equally over the 8cINitle8 of the
th8rity.
Included above In Support costs 8re audlt fees of £6,500 (2024- £6,060).
The prior year in r818tion lo an Independ8nl report, Posted wlthln accountancy fees.
10 Trusto88
Two of the ft)ur trustees ar8 employed as pamitt8d by the cha￿1￿3 conslltutlon. Thdr salary Is dlscussad In
Ihelr absence at trustees, meedng8. The 8mounts pakl lo tru8tee8 In r88pect of r8munar8tK)n durfng the
p6rlod were as follows:
£18,687 (2024 - £19,321)
- £nll (2024 - £402)
No truste8s werè remuneraled for Iho rol8 of trustee.
-22-

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11 Employoe$
Tho av8fage monthly number of omployees durlng the year was,.
2025
Numbar
2024
Numbor
All ernployees
31
Employm•nt C￿18
2023
2024
W8ge8 8nd salarle8
Sodal 8ecudty c08ts
Othor pen8lon co818
400.389
20,849
13,004
331,837
14,562
10,899
434,042
357,098
Ther8 were no 8mployee8 wh08e annual remuneratlon wa8 £60,000 or more.
12 N•t g*sn￿{lo•s06l on Inv•atmont•
Total Unr•8trlcted
fvnd$
2025
2024
Ravaluatlon of Inv•8tmenl propertles
21,247
13 Taxatlon
ou
Corporallon lax fiablllty wllhln tr8dltoryd of £4.001 ralat89 to lsalah Pn)l•cl Limllad,
Th8 charlty Is exempt from tax on Incomè 8nd galns falllng withln sectl(M 505 of tha T8xes Act 1988 or 8eclbn
252 of the Taxation of Chargeable Galns Act 1992 to the exlenl Ih8t these are applled to Ils Charltab￿ oblects.
-23-

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14 Intanglbla flxed assets
•¥atlYo goodwlll
GROU
C08t
At l April 2024
Additions - separately acqulrad
(21,6031
At 31 March 2025
{21,603)
Amortl8atlon and Impalrment
At 1 Aprll 2024 and 31 March 2025
Carrylng amount
At 31 March 2025
(21,603)
At 31 Ma￿h 2024
Ther8 are no Int8nglble flxed 8888ts wllhln the Charfty,
On 16th February 2025, the charlty boGam8 the benefidal ownar of The18alah ProJe¢t Llmlted. The tran8a¢Uon
m9t the d8fln6tlon of a buslnes$ ￿MbInatIon undèr FRS 102 and has been account￿ for uslng the purehase
method. No conslderatlon was transferred. The Identlfiabla assets and IlabllStles were recogn18ed at fair value
at the a¢qulslUon d8t8.
As Ihe falr v81ua of the nel as88t8 acqulred exceeded the cost of the comblnatlon, negatlve goodwlll ha8 been
re¢ognl8ed.
In accordance wlth FRS 102, n8g8tlve goodwlll relaung to non-monelary 8sseis has been deferred and18 belng
released lo Income on a systemailc basls that reflec18 the consumpllon of the related 86sets, typically allgned
wlth the Income generated from Investmeni properties.
15 Flxed Asset Inve8tm8nt
2025
2024
Investment In subsldlarlos
On 161h February 2025, the charfty became tho benefic181 ownér of The Is818h Project Llmlted,
As at 31•1 March 2025. The Isalah ProJeGt Limited held capital and re8erves of £20,155.
Th8 r8sult8 ofThe Isaiah Pralect Llmlted h8V8 be8n ￿nsOl1d8tOd In these financl81 statemenls from the pc4nt
of acqulsltion.
-24-

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Tanglblo flxod a16el8
Freohold land
•nd bulldlnqs
Flxtur•¥,
flttlnp8 &
•qulpmont
Compul•r¥ Motor whlcl••
Total
Cost
At 1 Aprll 2024
Addillons
8u8lnes$ comt4natlon8
140,000
1,307
157
2,929
607
149.436
664
300,000
300,000
At 31 March 2025
440.000
1,464
3,436
5,200
450,100
D•precladon and Impalmi•nl
At 1 Aprfl 2024
Depreclalton charged In th8 year
967
116
2,399
7,288
1,696
1,300
At 31 March 2025
1,083
2.679
5.200
8,962
Carrylng amounl
Al 31 M8r¢h 2025
440,0
381
757
441,138
Ai 31 March 2024
140,000
340
531
142.171
-25-

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16 Tanglbl• flxod ass•t8 (cont'd)
Fr••hald land
•nd bulldlng
Flxtur••,
fllllny &
•qulpm•nt
Compyt•r• Motor v•hlol••
Tolal
CH
Cosl
At 1 Aprll 2024
Addltlons
140,000
1,307
157
2.929
507
5,200
149,438
At 31 M8r¢h 2025
140,000
1.464
3,436
5,200
150,100
D•praclatlon Ind Impalrm•nt
At 1 AprS12024
Oepredatlon charged In the y68r
967
118
2,399
7,266
1,696
At 31 March 2026
1,083
2.679
5,200
8,982
Carrylng amount
At 31 March 2025
140.000
381
757
141,138
At 31 March 2024
140,000
340
531
1,300
142,171
17
O•btor•
2025
2024
Amounts falllng du• wlthln on• y•ar:
Trade debtor8
Other d8blor8
73,723
803
74,526

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
17 Dobtors (cont'd)
2025
2024
HA
Trade debtors
Amounts owed by 8ub$ldiary und8rtakSng8
Oth8r doblor8
73,723
280,147
55.628
Tl,679
354.673
133,307
18 Cr•dltor•.' amounts lalllng'du• wlthln on• y•ar
2025
2024
oup
Corporatlon tax payable
Other cr8dltor8
Accrua18 and delerred Income
4,001
10,686
4,600
19,187
2025
2024
HA
Trade credltors
Olher credl¢or8
Ac¢Na18 and deferred Incomo
2,687
28.731
4,440
8,978
4,600
11,578
33,858
19 R•tlr•ment b•n•flt ich•m••
D•flnad contrlbutlon 8ch•m
The chadty op8r8les a deflned contribut1c￿ penslon scheme for all qualSfylng employ88s, Th8 898éts of the
scherne are held $8par8tely from those of the charlty In an independentty adminl$tered fund.
The charge to profll or loss In resped of defined conlrlbullon sch8me5 was £13,004 (2024 - £10,699>,
-27-

THE ISAIAH PROJECT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Reltrlded funds
OUPA
D CHAR
The Income funds of the charlly Include restricted funds comprislng the followlng unexpended balances of
donetlons and granls hekl ￿ trust for sp8dffc purposes:
Movement In fund8
Incomln
R••our¢•8
Balone• at
rO￿ure
•xp•nd•d 1 Aprfl 2024
Movam•nt In fund8
R•80urc••
Bal*n¢è al
•xpend•d 31 Morth 2020
Balanc• 4t
1 Aprll 2023
res¢yJrce•
ELF Fundlng
5.384
38,630
(38,530)
5,384
65.000
{57.677)
12,707
Restricted fund8 Include Inco￿ from Th8 E8$ential Llving Fund, provided by Soulhend on S88 Clty Councll io
support those In need for essentl81 costs Including for the purchase of beds.
21 Analy81s of not assots belw•en fund8
UnrostTlet•d Re8trl¢t•d
funds
fund8
2025
2025
Total Unr•Btrl¢ted R•*trlctod
funds
fund•
2024
2024
Total
2025
2024
Fund ba18nces at 31
March 2025 are
r8pre8ented by.,
Intanglble fixed assets
Tangible assats
Current a8$etsl(IlablllOes)
(21,603)
441,138
242.398
(21,803)
441,138
255.103
142,171
407,459
142.171
407,459
12,707
661,931
12,707
674.638
549.630
549.630
22 Ca8h genorated from op8ratlon8
2025
2024
Surplu8 for th8 ye8r
125,008
85.910
Adlustmenls for:
Fair value galns and losses on Investment propertles
Depreciatlon and Imp81mwnt of tanglble fixed a66ets
(21,247)
1,627
Movaments In worklng capltsl:
Decre8$81(Incr8ase) In debtors
(Decreaseylncrease in credliors
58.781
(18,672)
(30,241)
8,552
Ca8h g8nerated from oporallons
166.813
44,601
-28-