Charlty number. 268B34 ISE LODGE RESIDENTS ASSOCIATION UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025
ISE LODGE RESIDENTS ASSOCIATION CONTENTS Page R•f•r•n nd Admlnl•trntlve D•t•lls of th• Charlty. Ils TN8t••i and Advl•or4 Tru•t••J' R•port Independent Examln•fg R•port Stt•m•nt of Flnanel•l Actlvltl•• Not•• to th• Flnanchl Ststom•nts 10-18
ISE LODGE RESIDENTS ASSOCIATION REFERENCE AND ADMINISTRATIVE DETA]LS OF THE CHARtTY, ITS TRUSTEES AND ADVISERS FOR THE YEAR EP40ED 30 SEPTEMBER 2025 Commltteo morn C Monlague, Chairman A Kilsby, Treasurer A R Meninick J Hover W lQlsby Charlty r•gl•t•r•d numb•r 268834 R•glt•r•d offlc• Sl Vincents Aven K8ttering Northamptonshlrn NN155DR Managlng tru•t•• and C D Montsgts• offlcers M Lynch B•nk•r• Lws Bank PLC 34 Market Straet KetteriThJ North8mptonshlrn NN160AH Ind•p•nd•nt •xamln•r Rebecca Hughos MHA Century Housè Th6 Lakas Northampton NN4 7HD Pagè 1
ISE LODGE RESIDENTS A%SOCIATION TRUSTEES. REPORT FOR THE YEAR EhlDED 30 SEPTEMBER 2025 The Trusts•$ prwftt thgir annual rert together Vilh financial ststgments of the Charity for Ihe 1 Octobèr 2024 to 30 S&pt•mb•r 2025. The Trustees confirm that thè Annual Rewrt and financial statements of the charity ¢pIY with thé currènt statLttory requi¥ements. the fequirements of tha charitable g¢)veming docurnent and th provisions ol thè Statament of Recommended Practic& ISORPI 'Aceounting and Reporting by Charits8S' applicable to charities prèpanng thelr accounts in aCc8n¢e with Ihe Finanual Rèporb'ng Standard applThble In thè UK and Republic of Irejand IFRS102118ffective 1 Janvary 20191. Obl•etlv•• and •ctlvhl•• . Obl•ct• Th• obl8¢t$ of t Assocl8Von shall be.. To promot0 th• b8fit of th• Inhobll•nts cl the lu Park, 190 VIMage and Lodg& F8rn1 E$lal¢s 01 Ketterlng and th6 nelghbourhood Ihereinaftèr cald Ihè Area ol Ben8f¢fi vthl dists'nction ol sex or of pJ1C&s, religious or other opinions by assoclaling th8 local aUthor[t5. volunlary organisations and inhabitsnts In a ¢ommon effort to advance educailon and lo piovldè facllitiè$ in the interests of 80clal welfare for recrè8tSon and lsUre.tIme OCCLtrpallon w+lh Ihe object ol improving lh& conditions of lrfe for the said inhabllants To establlsh or to socur8 th8 èslablishmenl of a Comm¢Jnty Centre Ihereln8ftèr ¢alled Iho Centra'l and to maintain and monag•, or to co0rat$ wlh any local statutory aulhority In thè malntoftance and manag6m•nt of, such g centra for actlvMl88 promot by thtr ABsociation and hs constituont bodO8s in lurthorance of lh8 abov objecis. Tho Assodallon ha$ confimed Ihat they have pakl rogard to th• Charity Commlssh)n's guld8nco on public benofil. b. Adlvltl•• und•rtak•n to a¢hl•v• obl•cllv The A$80¢iaUon confjnued lo provide recroatkinal f8(#libe$ fc lh& Ial Inhabitants. c. AFMS And oblèetlv•• for 2024R025 and ¥lgnlficant •ctl¥lll•• The AsBocb'on has continuad and conlnuè to provKlo recreational activltles for ts m8mb•rs. Page 2
ISE LODGE RESIDENTS ASSOCIATIOM TRUSTEES. REPORT ICONTINUEO} FOR THE YEAR ENDED 30 SEPTEMBER 2025 Achl•v•m•nts and p•rfornianc• Flnanclal r•vloW a. Goln9 conc•m Aft8r making appiopriat8 enquliios. thfj Trustees have a re880n8ble expectation that the Charity has #dtrquate r8sourc8S to continue in operalKJnal gxistence for the foreseeable future. For this r8ason, they continuè to adopt tho golng concorn basis in w8paring the financi815tatements. Furiher details regardir¥J the adoption ol th8 going cC•M basL8 can ba fouThl in th8 a¢eounting FI)119$. b. R•••rv?¥ pollvi 11 Is thè polty of th8 As8LxtstkJn lo hold r•s¢ry08 In its current account lch hava not yat committed or dg8lgnat8d for Any particular purposg. How8ver, at tNs lav81 th8 trust8•s ¢onsider that In the short tenn they %wiuld ho Insufficlent r8$ources to be 8bl8 to contlnuo th• curr8nt acOvrf&s d th A$8ooation in the event of a reducdon In fundln9. They therefore monltor the aclivty and cash atN1 bank baLqn¢e$ M a daity basis. c. Inv•¥tm•nt• poll¢y Thè trust#•s ecsIder th8 Assoclafy¢)n insufficient lunds for them lo b& Invest•d for th• lorKJor tomi. Al fttrnd6 not r8qulred for Immedlat8 use ar8 h¢kl on interest bearing bank deposii. d. Grnt m•klng pollcy Tho polky of the trustms Is not to m&k8 grants to indivhttuals tx othor charities. . Chng•i In flx•d •M•ts The mov8m8nts In fixod assats 8r8 sel tyjl in note 8 to Ihe financkil statements. l. Fundlng The trustèès 8r8 S8tisfi8d that. t(¥e¢her wilh Ihelr inton lo bulhl up additson81 free reserves. the Asso¢iation's 8$sets attribut8bl8 lo èach of rts lurbds are avaiLqble and adequate to fulfil its obl*afjons sn reIl0n to thos8 fLtnds. Page 3
ISE LODGE RESIDENTS ASSOCIATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025 . Fln•n¢lal r•¥l•w The funds of the Associat#)n have been applkd In providing f(w the rA)nlinuing w)rk of the Association for tho residents of the Ise Lodge Estste during the year. The financial posthon al the balance sheet date is consvjerèd satisfactory. There was a surplus for Ihe amountiThJ to £2,22512024: def. of £828) Unrestricted fund5 al 30 September 2025 amounted to £43,307 12024.. £41.0821. R¥$trlcted funds at 30 September 2025 amounted to £nil12024.' £nill. The 13¢ Lodg0 Rtssld•nls AssociatTh continue8 to Supp thè fwndal n8od of 180 Lodgo Commvntty C8ntre Limlted. Ise L¢>dgo Communty Centre Lirnited m•Je a surF4us of £1.735 12024.. dgfidl ot £2,835) on a lumov8r of £106,571 12024.. £101,182). Share capitsl and resery8s amount to o darit of £61.69912024.. £63,434). Struetur•, goY•rnanc• and m•n•g•mgnt Con•lltutlon Is• Lodge Residfrnts Associglon Is ragl$tw¢d #s a ¢hartty and was set up by a Twst d•8d. The Assoclallon ts established under a eonsltution adopted 24 Sepiombw 1973 and 8m•nd8d 15 February 2005 and Is governed by Irustoes elécted by Its m•mbers. b. M•thods of appolntm•nt or •l•ctlon of Tru•t••4 The management of the Charity Is tha rnSFonsJilty of thtr Trusl¢o$ %tho are elected cOpt•d undor the terms ol th8 Trust deed. ¢. R•ltlonhlp wlth IM Lodg• Communlty C•ntr• Umh•d Is6 Lodge Community Centre Limit8d Is by Ise Lodge ResentS Assoclation and Shares ar8 held by C D Montagu• and M Lch •$ trust8¢5 ¢or Ihe Associaln. The company was créatsd In September 1991 after consultation h th• Charty Commission and H M Revenue and Customs to divhJg the trading activitles116 the barl from th¢ ¢har1tsts acimltes. By tho lemi¥ ol it$ rukns. Ihe company is required to transfer Ihe wholè of its surplus each aT to Is8-Lodg¢ ResentS Assocl8titin ty direct transfer under deed of covenant. Currently Ihè amount rrned lo Ise Lcmyge ResJents Associalkn Is £83,441 vthich represents service charges and other amounts over paid or over allocated. The company has no m8ans of discharging this debt. Accordingly, tl)e trustees have agreed lo lake no further Servi charges or oth8r ami)unts tsntil this defiTh't has been restor8d. Th8 trustees recognise that repayment of the dèbl fiom Is# Ltssgè Communty Centre Llmlted unlikely, and therefore a provision has been induded for r4COV. Any amounts recovered in the future will bè rÈeognised whon receNed. Page 4
ISE LODGE RESIDENTS ASSOCIATIOM TRUSTEES. REPORT ICONTINUEO) FOR THE YEAR ENDED 30 SEPTEMBER 2025 structurn, governanc• and managern•nt {contlnu•d} d. Org4nl•atlon Th8 ITUSt8es consider all sMJnrficant axpandilurs arKI other r8que5ts at their meef¢ngs. The committee handlés all 08n•ral admin*stration and othèr mattèrs and rsfws to the trustees a5 appropriate. •. Tru•t•• Th• managing trustees and offlcers ar•: C D Montsgu8 M Lynch trust8&S ar• el•ct8d byth• m8mbafS fof #n ind•finite perKMI unll resignation or removal. f. Publ1¢ bgn•fft The twsteoB of th& AssocLqtion accept th• noed to rngard to tho Ch4rity Commi8skJn's guld8rice on publ1¢ b&nalli. Thay recognise thal il is thelr r8spon8lbllty to onsur¢ Ihal the bonefts offered by the charlty 8r• rnall$od by promotlng the chartty wthln cwnty. The alm Ss set out In the RaFQrt of lh• Trustw$. The orggnlsallon btsllths In belng falr. op8n and Indus. . Cammltt The Associatlon's comrnitt•o Mem18 arn.. C Montague {Chalmianl A Kilsby (Treasurer) A R Mènlnlck J Hov•r W Kilsby The committ88 membèrs aro ¥fe¢t•d at thg Association's AGM lor cm ar. The mwnbèrs #it•ndlng the AGM te them onto the committè8 indidu81ty. h. Rlsk manag•m•nt The Iruslee$ concluded a review of the major risks faclng the Assoaation. This rèvlgw is being used to Idèntlfy, monitor and control Ihe5e risks to mitigale any impact that they mpht ha on thè Assor48tion in the luturo. l. Tr•lnlng of trust••$ Thére Is no fomial tralnlThJ programm8 for trust. Page 5
ISE LOOGE RESIDENTS ASSOCIATION TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 SEPTEMBER 202S Structurg. gov•manco and manag•m•nt leontlnugdl l. In¥•¥tm•nt pgww¥ There is no reference to spocKic invèstm•nt power in the Declaration of Trust. AordInglY. the investment POW8T of the tTUStee8 and those applkabla to charitable funds currently a proM51on by Ihg Trustee Investmènt Acl 1961 and the Tnjstee Act 2000. stht•mgnt of Tru¥tW8' r•spoTr•lbllltl•• The Trust8os ar• also t dlrth of th8 Charity fLV pury>os•¥ of c¥)mpany18wI ar• responslble for preparing the Trustees. R•port and the financial 6tstaments In attordance wth applicable Law and Unlled Q'ngdom Accounting Standards {Untsd Kmgdom Gen8raUy Atpted PractKel. Ctsmpgny Jaw r•qulres Ihe Trustees to prepar8 financial slalements lor each finandal . UThJer ¢ompany law, tha Trustaes must not approv¢ the financial slaiements Unl thsy arts $ati3fied that they give 8 tm8 ar falr vlew ol ihe stata of affairs of the Charity 8nd of its irtcoming r6sourc8s and appIation of resourc&s, Including its income and expendllure. for Ihal perbd. In prgparing these finandal slatgmonts. tho Trustees ara 18quirnd to.. select suitable cOUntIng kYJlici•$ and then appty Ihem c0ns1slent. observe the meth¢)ds and prlnclw of tho Charitie5 SORP IFRS 102).. m8ke lud9mènts •nd accounting estimaies Ihat are roa51)nable and wud8nt'. stale wheth8r appItblO UK AccountirvJ Standar¢Js IFRS 1021 have been follow8d. 8ubl•ct lo any matorlal departures dLsclosed and 8xplain•d In the flnandal statsm6nts'. pr8par8 tho financial statements on tha w'ng basis unless it Is Inapproprl•lo to presumo that the Charity wll Contin in busine$3. The TrusteeB are res[sIb for kwiThJ Jequate accounllng roeofds Ihal aro sufficient to s and explaln the Charity's Iians8ctKJns and dlsck)se with reasonabk accuracy at èny time the financlal posits'on of the Charity and enable them to ensvm Ihat thè financlal Statements comply vAth the Companies Act 2006. They are also responsible for safeguarding th8 assets ol the Charity and h8ne8 for tsking reasonabJ& steps for the preventlon and detectson of fraud and oth8r iff4gurrtio5. Appfoved by ord&r of thg Memb of the board of Twslo•s and st9d on thelr behalf by.. C Montagu• rusto81 Oalg.. 10 Page 6
ISE LODGE REsIDE1s ASSOCIATION INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025 Indopendent Examln•rf4 Report to tho Tru•t•M of Is• Lodg• RMld•nis Assodatlon {Ih• Charlty'l I rèport to the charlty Trust$ on my •xomln•tknn of acg)unts of the Chanty for the al endod 30 S8ptembor 2025. R••pon¥lbllltlo¥ nd B4•1• of R•port As lh• Trustees of the Charty arn i88pSIbl0 lor thè pr•paToliry) of tho a¢¢ounts In accordance wlth Ihe requirements of the Charities Act 2011 I'ihe 2011 Adl. Hovlng $01Ssfi8d mwtl Ihat th• •¢cwnts of th• Ch•wty aro nol requir1 lo be audiied under Part 18 of thè 2006 Act And ara èllgibla for Indèpgndent tminabn, I rtsport in respect of my examination of th& Charitvs accounts Carried out und&r $8¢tlon 145 of th¢ CharititrS Act 2011 Ilhe 2011 Act'l. In cal'n9 out my 8xamlnation I have lollowod the Dlr•¢tiorts ¥¢n by the Chality CoMmissn under section 14515llbl of th• 2011 Aet. Ind•p•nd•nt £x•mln•rf• Stat•m•nt I have ¢ompW8d my ex8mlnalkni. I confim that no Matte have com8 to my attenkn In connedon wllh th ¢xamln8tt¢n gvin9 me ¢auso to belw6'. accounllng records not kopl In res[cl Lrf th• Charty as rnquir•d by $e¢tlon 130 of the 2011 Act.. or th¢ 4¢¢ounts do not accord those records; or the accounts do not comply wth th¢ a¢¢ounting requirerwbents of sectlon 396 of the 21K)6 Act oth&r than any raqulrement that accoLFnts giv& a Yrug #nd lalrf view which is not a matter considered as part of on independenl examlnaLknn', or the arUnts have not Ixen prep8r8d in accordance wth the meihc#Js and pdndplas of Ihè Stslemenl of Recommended Practsc accounling and reporting by chari118s lapplicabl8 to eharitlos preparing Ihelr accounts in accordance wllh the Financwl Reporl¥Jg Standard applab in thg UK and Republlc of Ireland IFRS 10211. I have no concems and have come aCTOSS no olh&r Matt• In eonnèction wlh the examinalkjn to which attention should be drawn in thls report In order lo enab18 8 propèr understandlng ol the accounts to be roacheil. This rtrport Os made $dely to the ChariV3 Truslees, as a boty, In accordanc8 ith Part 4 of the Charitl8S (Accounts and R¢portsl Rggulath'ons 2008. My work has been undertaken so that I mkJht statè tts the Charitys Trustees Ihoso m8ttw5 1 am requiied to state to Ihem In an Independent Ex8mlnafs R&port ¥nd for no other purpose. To the fullest extent pennrtted by law, I do not accept or assume rasFonsibility to 8nyDne other than the Charity and the Charrtls Trustees as a bcJy. f my ¥KJrk or for this r8F4Mt. Slgned.. Dated: Il JJ,qe lol6 Rèbecca Hughes Bsc (Hcl FCCA MHA Chartergd A¢countsnts Century House The Lakes Northarnplon NN4 7HD Paga 7
ISE LODGE RESIDENTS ASSOCIATION STATEAIENT OF FINAACIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDuRE ACCOUNTI FOR THE YEAR ENOED 30 SEPTEMBER 202S Unr•8trlet•d funds 2025 Total fund 2025 Totsl fvnds 2024 Not• Ineom• from: Charitable ¥etS%AIIgs Investments 25.054 11 25.054 11 21,571 28 Total Ineom• 25,065 25.085 21.599 Exn[lUt& on: Charitable actiwties O¢h&r oxwndltur¢ 14,900 16,180 6.265 Total •xp•ndltUf• 22.840 22.425 N•t mov•m•nt In fund• 2.225 2.225 18261 R•conclllatlon of fund•". Total lund$ brought lornyard Nel movament In funds 41,082 2,225 41.082 2.225 41.908 18261 Totsl fund• carrl•d lo•rd 43.307 43,307 41,082 The Statement ol Fknandal ActNlbes Includ•s 811 gft8 and los rwnised in Ihe year. The notes on pagtrs 10 to 18 form part of thes8 financlal statèments. Page 8
ISE LODGE RESIDENTS ASSOCIATION REGISTERED NUMBER: BALANCE SHEET AS AT 30 SEPTEMBER 2025 202S 2024 Ilot• Flxed a•Hts Tanglble B8sets 40,174 40.553 40.174 40,553 Curr•nt a8o•t• Debtors Cash at bank artd in hand 599 4.529 4.457 5,128 4.457 CuTrnnt11oblllll•• Cr¥dltOfS.' amounts falllng due withln one y88r 10 11.9•4 13,9281 N•t ¢urr•nt u••ts 3.133 529 Tot*1 4••ots IM• ¢urr•nt Ilablllt 43,307 41,082 Total n•t ¥••t• 43,307 41.082 Charlty fund• Restricted funds Un$trI funds 43.307 41,082 Total lund• 43,307 41.082 Th• fthanc6al statomonts re approved and autnSed for Issue by th8 TNsto0s •nd signed on their behglf by.. C MgntagU• (Trusteel Date.. _ The notes on pages 10 to 18 fomi part ol these finan081 $latements. Pagg 9
ISE LODGE RESIOENTS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 AGcountlng pollclo• 1.1 8asls of pr•paratlon of flnandal statmnts The financial ststements have been Prepared in accordanc8 the Charltlès SORP IFRS 1021- Accounting and Repwts'ng by Chanties". Staiement of RecommeThJ8d Practica appllcjble to chariues preparing their accosjnts in acrdanCe with the Financial ReFQrtfftg Standard applablo in the UK and Republic of Irdand IFRS 1021 (effective 1 January 20191, th8 Finanual Rèportlng Standaid applirable In the UK and RebI of Ireknd IFRS 1021 a1 th8 Chgrttkn$ A¢t 2011. Ise Lodge ResKtents Association meets th8 definilknn of a publk benafit éntty undgr FRS 102. Assets arHI liabllth'es are Inthlty recogni80d at hi81orul cost or transactn valuè unless oth0$e stated in the relevant accountsng poucy. 1.2 Golng conc•rn The trustees are Satsf that the charitys assats arn availabla and ad8quat• to fulfil Its obllgallons and meet its liabllrties as Ihoy lau due. Th8 finandal stat8m8nts are th8r8for8 propar¢d on a golno ¢onrom baso. 1.3 In¢om• I Income is recognised once the Charity has entiUement to th• Incom•, It Is probabkn that tho Income vlll b8 receNed and the amount of Income rnceW0b can b8 m•&sur8d rolkbty. AM Mo1ry ¢Jonaltons and gwts are Induded h full In the flnandal 8iatsm•nt$ vthen reCeable, provided thal Ihgr8 are no dor-1mpoSed restrICtn5 as to the ilmlng of th8 rèlolng 8Xnditre. In which case Tecogn¢tion is deferred until the p[0J111on has beon met. Granls are included in the Slalement of Flnancial Activrtiès on 8 rec•ivabl• basi$. The balance of income received lor specffK purposes but nol exp8ndod during th• p8rTrod 1$ $In in the relevant funds on the Balance Sheet. Where Income is rocoivod In atlvanca of èntikment ol receipt. Jts re¢Ognitn Is delerred and included In creditors as deferred inc¢Mn&. Wh&r& entsuemenl occurs bOre Income l¥ recelved. the Income 18 accrued. Irrtere8t on funds hekl on deposlt Is i1Jed %th•n raabl9 and th& amount can be mSured rellabty by the charty. this Is rwjnnalty upon Th)tsficakn of the Intarast ld or payablo by the Bank. Other income Is reccrfJnlsed in the peric¥J It Is ff8ceiv8bb and to extent the goods hav• been prOVed or on completh)n of ihe 1V. 1.4 Exp•ndEturn ExpoThJiture Is r8cognls•d one8 thèr• i% 8 Fegal or rA)nstru¢tivty obligation to transfer erL)nom5c banafit to 8 third party. it L% probable that 8 transfgr of economic benefits will be required In settlèmènt and U)è amount ol th oblvaation can be measured reli8bty. Expendittjre is classified by activty. Th8 costs of 8a¢h athity ar8 made up of the total of direct cosls arHJ shared costs. induding support costs involved in undertaking each activty. Direcl costs attributable to a siThJb acbvity am alloc8ted directly to that actNty. Shared costs lch conlribute to more ihan activity and support costs which are not attributable to a single aclivity are appOrtned between those adivrts on a basis consistent wth the use of resources. Central staff costs ale alk)cat8d on tha basis ol timg spgnl. and depreciation charges allocated on tho pO"on of th• at'S usè. Page 10
ISE LOOGE RESIDENTS ASSOCIATION NOTES TO THE HNANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 countlng polkl•• IGontlnu•d} 1.4 Expèndltur• Icontlnu•dl Exponditur• on raising lunds indudes all expenditure incurréd by thg Charity lo raise funds lor Its charitsbl8 purposès •rKI indudo$ costs of all fundraising activili•s awnts and r-char¢tabl8 trading. Expendltum on ¢haritsble #thlties Is incurred on directty und•rtaklng th• 8¢tlvitto$ fiich further tha Charftys oblèctives. as well as any as%)cia¢ed support costs. All exFeThJilure b incluslv8 ol Irre¢ov•rabltr VAT. 1.5 Int•r•8t r•c•lvabl• Interest on funds hèld on dopoBtt ts Included Vrtn Tecelvablo and thg amount can be moasurod r8ltably by Ihs Charity.. Ihis is normalty upon notsfution of lh& intor¢sl p8ld or payable by tha Institutlon th %thom th¢ fur¥Js are deposited. 1.6 Tanglbl• fix•d •Mts Ind d•prnclatlon Tanglble flxed 8$s¢t$ •ro initialty recognlsed at cost. Aftor recognitn, undor th? cost model, tanglbl• Ilxed asseis arè m8asured at ¢osl 188$ accum¥Jlated d&pr8ciathJn and any a¢¢umulaled irnpoirment lossas. All costs sneyrred lo brirKJ a tangib fixed asset into Its intendèd rkIng condits'oTh should b& Indudat1 in lh• mwuf•menl of (y)st. D8pr8eLqtlon is ¢harged sts as to altocate the cost ol tsng fLx8d 088ets l•$¥ thelr rasldual valu• over their estim8t8d usèlul liv¢5. on the lolb)wng basis.. Doproclatton Is wovidod on the folltswing ba5i¥.' Bulldlngs 8ullding IMprments Plang fi8$ Flxturés and fimlngs 3% stralghtll 20% straohl11 10% Strah1 lin8 10% reducing balanco No furthor d¢pr¢¢Ial)n Is charged on freets>hJ land And ttIld1r@S •8 in the opinbn of th• committee, th8 v8luè shown either less than or eq¢&al to tha mArk8t valug of the land. 1.7 D•btorn Trad• and other debtors we recognls•d at thè s8tU8mont 4mourrt after any Ifade dL8count offe¥ed. Propayments are valued at the amount prepoid not of any tradB dr6counts due. 1.8 Cash at bank and In hand Cash at bank and in h8rKI cludeS cash and st-len hvJhly liqukl Invosknants 1 • short maturtty of thr80 months frryn Ihe date of acquisit)n on1j of the d8F*Xit or simlL8r account. Page11
ISE LOOGE RESIDENTS ASSOCIATION NOTES TO THE FINAJ4CJAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 A¢untIng pollclo¥ l¢onttnu•dl 1.9 uabll1l1 and provtsSons Liabilities are recogni8ed when therè Trs an tsbJi9ation at the Balanc& Shaèt date 8$ a result of 8 past ant. il Is probable that a transfer of aconomic benefil wll be reqLtired In soluemenl, and tha amount of tho settlement can be esthmat8d faliobty. L(ablllUg$ are recognised 8t the amount th81 the Chafity anlicapatos it wll p•y to Settle the debt or tho amount tt has rttelv&J as a¢fvanc•d pan$nts for Ihe goods or il musl provide. Provislons aro measud al the best •slimatè of tho amounts 1oquirod to sgtug the oblwalknn. Wharo th8 trffact of th¢ t+mg value of money is matarial, thg provish)n is based on th• present value of thos¢ amoLtnts. t1iseounted at the ptaX discount rale that reflects the iisks spatsnc to the liabilty. Tho Ltnwindlng ol thè dI$U1 IB recognised In lhè Slat¢menl of Financial ActM'tlè$ as a flnance cost. 1.10 Flnanel•l In•trum•nt• Tho Char5ty onty has finanek?l a$ts and financial Ikibllitlas of a klnd Ihat qual 88 ba$1¢ Ilnanci81 Instrumortts. 8asK financi81 instrum•nts are iniually recognlsad at tr4nsacb.on value and Subsequently measurèd 41 Ihgir setuemont vatuè wlth the exceptkn ol bAhk loans vthlch gr• 8ub4equently measured at amortSsed cost ustng the frff•ctiv¢ int8r95t melhc¥J. 1.11 Fund •ccountlng General fttrnds Arè unwtrlcted funds 8f8 availaue for usa at Ihè di$¢rebon of th8 Trytsl8e8 in lurthelonce of thè genefal objectlves of tho Charity and vknlch havè nc*t been desHJna18d lor other Pu08•$. Investment Income. galns and10&8es ar• alhxated to the approprfalo lund. Incom• from charltabl• •ctlvltl•• Tot•1 fund• 2025 Total funds 2024 fvnd• 2025 Hlre of centr8 25.054 25.054 21.571 Page 12
ISE LODGE RESIDENTS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Invg¥tm•nt In¢omo Unrwstdct•d funds 2025 Total funds 2025 Total fund$ 2024 InWstml incom• 11 11 28 Exp•ndlturn on ch•rlt•blg •ctlvlti cta af rnl•lng ¥olunt*ry Incom• Unr••trlct•d fund• 202S Tots fund• 2025 Total funds 2024 Rates and InsurarK• H6Atiro And Itghting Malntenance and eanIng T?phOne Indop8nd•nt •X8mln8lh)n Sundry D$prtsclafjon- fumlture and equlpment 3,164 3.104 6,600 2,238 1.205 751 $65 3,370 7.358 1.330 1,220 2,283 178 421 2,236 1,205 751 379 379 Totsl 2025 14,9 14.900 16.160 Page 13
ISE LODGE RESIDENTS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Anatysl$ of oth•rgxpgndKurn Unrnstrletsd fvnds 2025 Total 2025 Total 2024 ProvLsion of non-reeov•ry from Is• Lodg8 Community Cantre Llmilod 7.940 6,265 Ind•p•nd•nt •x*mln•e• T•muMratlon The Independonl examinerfs remunoralkn amounts to an Independont mInOr feo of £751 12024 . £2.2831. Tru4t•••' r•mun•railon •nd •xp•n••s Durfng tha ar, M Trnst0 any rtmuneration other b8neffts12024. £NILI. DurfThJ the par end 30 S&pt•mb¢r 2025, no Trustee expens hava ba•n In¢urrod12024- £NILI. Page 14
ISE LODGE RESIDENTS ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR E14DED 30 SEPTEMBER 2025 T•nglbl¢ flx•d ty•t Fumltum Fumlture •nd and •qulpm•nt U1PMnt Ptsylng fl•ldsn•nd Bulldlng• Tota Cost or v*lu•tlon At 1 Octobèr 2024 51.330 175.276 3.500 82.286 312.392 At 30 September 2025 51.330 175.276 3.500 82,286 3t2,392 O•pr•clatlon At 1 October 2024 Charge lof the year 51.330 138.511 3,500 78,498 379 271.839 371 At 30 Sopt8mb•r 202S 51,330 138.511 3.500 78.877 272.218 N•t book valu• At 30 S&ptemb8r 2025 30.765 3,409 40,174 At 30 S8pt•mb8r 2024 38.765 3.788 40,553 D•blors 2025 2024 Amounts dua from Ise Lodge Communlty Contre Umit¢d Loss provSsion for nryprecovery Other debtors 63,441 {63.441} 55.501 155,5011 Page 15
ISE LODGE RESIDENTS ASSOCIATION NOTES TO THE FINAhtCJAL STATEME15 FOR THE YEAR ENDED 30 SEPTEMBER 2025 10. Crèdltors: thounts f•lllDg du• Tlthln on• ye 2025 2024 VAT Accrua13 1.915 3,834 1,995 3.928 11. St•t•m•nt of fund• 8tst•m•nt ol fund•- curr•nt y•¥ Baln¢• 4t 30 S•pt•mb•r 2025 8al•nc• at 1 Octob•r 2024 In¢•n Exp•ndltur• UnrMtrfct•d fund• G8noral Funds 41.082 25,065 122.8401 43.307 Stat•m•nt of fund•- prfor y•ar Balance Bl 30 Septembar 2024 Balanc• at 1 Oetob 2023 Inc• Eyndllur• Unr•*trtct•d fund• Gengr81 Funds 41.908 21,599 122.4251 41.082 Pagè 16
ISE LOOGE RESIDENTS ASSOCIATION NOTES TO THE FINANC STATEmETrS FOR THE YEAR ENDED 30 SEPTEAIBER 2025 12. An4tyslJ of net as¥•ts b•twe•n funds AMly•l• of not b•lw••n fuftd*- ¢urr•nt y Unr•strlcl•d funds 2025 Total fvnds 2025 TaTrJlble Ilxed 48s8ts Current assots Cr8dltor8 due within one ywr 40,174 5.128 11,995) 40,174 5,128 {1,9951 Tothl 43,307 43.307 An•lyili of n•t a¥••ts b•tw••n fund•- prfoT y•af Unrestricted lunds 2024 Total fund5 2024 Ton91b hx•d 4$8ets Current assets Crtditors duo vhtNn ono 40.553 4,457 13.9281 40,553 4.457 13,9281 Total 41.OB2 41.082 13. Contlng•nt Ilabllltl•s The Aggociation had contSThJent ILablNtth at 30 S•ptsmbor 2025 or 30 Septambor 2024. 14. Capltal commltnwnls The A550cialion had Cap1 commrfments a130 September 2025 or 30 Saptambgr 2024. Page 17
ISE LODGE RESIDENTS ASSOCIATION NOTES ro THE FINANCIAL STATEMENTS FOR THE YEIR ENDED 30 SEPTEMBER 2025 15. Rolated party transactlon• During th¢ ygar, in the nonn Crse ol business. th8 folk)wrvJ transllk)n$ took place wth 198 Lo¢lge Communrty Cgntre rnrted. the subsJbary lthited company. As at 30 September 2025, Ise Lodgè Communty Centre 0$ £83.441 12024.. £55,501> to Iso Lodge Rè51d8nts AssockglKJn in resF4ct to thè inlercompany k)an account. DurfNd lh8 year. Ise LiJg8 ResbJ&nts Assctiathjn rncharg•d to Ise lodge Community Contre £1.787 12024." £1,929) In respect of rates and £6.601 12024- £7.3591 in respoct of h•at and light. During th• yéar, Is¢ Lodge ResNJent8 A8sodakn w83 rtcharged by Ise lod90 Communty Centra £1,397 (£1,974) in r¥spg¢t of inSUTarice. Page 18