Charlty registration number. 313577
The Isabel Blackman Foundation
Trustees, Annual Report and Audited Financial Statements
for the Year Ended 5 April 2024

The Isabel Blackman Foundatlon
Contents
Reftrence and Administrative Details
Trustees, Report
2to5
Independent Auditors, Report
6t08
Statement of Financial Activities
Balance Sheet
io
Notes to the Financial Statements
Ilto24

The Isabel Blackman Foundation
Reference and Administrative Details
The Isabel Blackman Foundation is a local registered charity founded by the late Isabel Blackman for the benefit
of the peopl¢ of Hastings and St L￿nards-On-Sea.
Cbairman
Mrs P H Connolty
Seeretary
D Harding
Trustees
Mrs P H Connolly
D Harding
M H Cornes
MTS C S Deacon
M J Gratton
M L Holgate
313577
Charffity Registration Number
Principal Office
Stonehenge
13 Laton Road
Hastings
East Sussex
TN34 2ES
Solicitors
Heringtons
5-6 Albert Road
Hastings
East Sussex
TN34 IQT
HSBC Bank PLC
4 Robertson street
H&8tings
E&st Sussex
TN34 1 HW
Bankers
Accountants and Independent
Audltors
Manningtons
Chartered Accountants
39 High Street
Battle
TN33 OEE
Inv¢stment Manager
CCLA Investment Management Lid
One Angel Lane
London
EC4R 3AB
Pa8e I

The Isabel Blackman Foundation
Trustees, Report
The trustees present their report, together with the financial stalements for the year ended 5 April 2024. The
financial statements have been prepared in accordaDrK with the accounting policies set out in the notes lo the
fInancial statements and comply with the charity's trust deed and applicable law.
Hl$tory and Objects of the Foundatlon
By a trust deed dated 22 August 1966 Isabel Arny Blackman crealed a Foundation for charitable purposes with
the object of providing financial help to the people of Hastings and district in areas which include education,
Christian religion, social well betng, health and caring for Ihe elderly and disabled.
Organlsatlon
The Foundation is known as 'The Isabel Blackman Foundation, and is an unincorporated charity. registered with
the Charity Commission, carrying on its b￿lnesS at 13 Lalon Road. Haslings. East Sussex.
Resolutions are passed by a majority vote of the tn￿tee$ and in the event of a tie, the chairnian has a casting
vote as well as an original vote. The minimum number of trustees required to pass a Tesolution is four. The
statutory power of appointing new trustees is vested in the managing trustees for the time being.
New trustees are found from the ¢onta¢ts and knowledge of existing trustees and are persons who will have a
broad knowledge of the locality and its needs, together with a good understanding of what is required to be a
trustee of a charity. and will bring individual skills and experience of value to the Foundation.
Potential trustees are interviewed by the board and receive written infornialion of the Foundation with copies of
the tnist deed and full accounts and reports. Before appoinlmenl. they attend a full trusiee meeting with all
relevant papers as part of the induction pr￿¢5$.
Grant Maklng Polley
The trustees have continued the pursuit of the objects of the Foundation by the provision of grants to many of
those individuals, ¢hariti¢s and other organisations which have sought help during the year.
No material changes in the Foundation's grant makin8 policy have taken place or are anlicipated but, in order to
achieve greater consistency in making grants, the trustees have defined more precisely the geographical
boundaries within which Isabel Blackman sought to confine the operation of her charity. However, should an
applicant be able to satisfy the tnistees that there is a direct or genuine connection with the people of Hastings
and St Leonards-on-so the policy still enables the trustees to make grants for use outside the area.
Applications for grants are more likely to succeed where it can be shown that the applicants are helping
themselves as well as seeking assistance.
Publle Benefit
The Foundation is satisfied that although it makes a number of grants to individuals {e.g. students qualifying for
education grants) it achieves its contribution to the public benefit by the grants it makes lo local schools, health
and social services and many other local and national charities that provide services for the public benefit,
The trusl¢¢s confirni that they have complied with the requirements of Section 4 of the Charitie5 A¢t 2011 to
have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 2

The Isabel Blackman Foundation
Trustees, Report (continued)
Finaneial Review and Investment Policy
During the year the trustees held seven fonnal meetings when most grant applications were consldered and dealt
with. Other and urgent business was conducted at the regular infornial meetings each week. Of the 108
appIl￿tIonS rec¢ived, 88 qualified for consideration. and of these 68 were granted fully or in part.
An analysis of the grdnts payable by the Foundation this year shows:
Classification
Amount {£)
Education
15
33.175
21,415
50.500
45.710
1,200
6,900
20,000
18.5
Culture and Recreation
10
12.0
Health
20
28.2
So¢ial Services
16
25.5
Religion
Environment
Youth Organisations
67
178.900
100.0
The trustees have dischar8ed their duties to safeguard the Foundation's investments by continuing to rely upon
the regular and expert advice provided by the directors of CCLA Inveslment Management Limited. They have
r¢viewed the financial position of the charity and its investments and have consulted personally during the year
with the inv¢siment manag¢r's repr¢s¢ntative.
The trustees note the improvement in global sto¢kmarkets 8enerally, and the Consequent increase in the
valuation of the Foundation's investments.
Performgnee Revlew and the Future
The trustee5 seek reports from grant beneficiaries to discover that what has been intended has been achieved and
are always glad to receive confimation from students that they have achieved their qualifications; that buildings
have been successfully repaired; that equipment obtsined is in use and the disadvantaged help¢d. Personal visits
by the trustees also take place.
As to the future, the Foundation aims to maintain its existing annual grants total equivalent to its income with
recourse to its reserves where appropriate, and to continu¢ to ￿hl¢ve the aims and aspirations of its founder.
Reserve$ Polley
Thc free reserves of the Foundation are the unrestricted fimds not invested in tangible fixed asset5, nor
designated for the conditional offer of grants. The trustees have reviewed the Foundation's policy which is to
maintain such sum as may be necessary to cover the cost of repairs and maintenance to its freehold property and
also to enable it to respond to applications for grants as and when they are r¢¢¢ived.
The free reserves at S April 2024 amount to £304,978 which are held for the purposes stated above.
Page 3

The Isabel Blackman Foundation
Trustees, Report (eontinued)
Risk Management
The major risks to which the Foundation may be exposed, as identifled by the trustees have been ffviewed and
systems hav¢ been widened to manage and tniligate those risks.
Going concern
The trustees ¢onsider the Foundation to be a going concern.
The Foundation has received many requests for funding throughout the year. Its income has been maintained
and it has been able to meet a subslantial number of requests for grants throughout the year from this income.
All grants are made bearing in mind the financial limitations of the Foundation.
The Foundation continues to request and a¢¢¢pt advice from its professional advisers to ensure that it can
continue as a going concern.
Page 4

The Isabel Blackman Foundation
Trustees, Report (continued)
Statement of Trustees, Responsibilities
The trnstees are responsible for preparing the trustees. report and the financial statements in arKordance with the
United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounting Practi¢¢) and
applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which
give a true and fair view of the state of affairs of the charity and of the incoming resources and application of
resources of the charity for that period. In preparing these financial statements. the trustees are required to:
select suitable accounting policies and then apply them consisteDIIy:
observe the methods and principles in the Charilies SORP;
make judgements ond estimates that are reasonable and prudent.
state whether applicable accounting stsndards have been followed, subject to any material departure5
disclosed and explained in th¢ financial statements; and
prepare the flnancial slatements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The trustees are responsible for keeping proper accounting r¢¢ords that disclose with reasonable accuracy at any
time the financial position of the charity and enable them to ensure that the financial statements ¢omply with the
Charities Act 2011, the Charities (Accounts and Reports) Re8ulation$ 2008, and the provisions of the
¢onstitution. The truslees are also responsible for safeguarding the assets of the charity and h¢n¢¢ for taking
reasonabl¢ st¢p$ for th¢ prevention and detection of fraud and other iTre8ularities.
The annual report was approved by the trustees of the Charity on .1 s . ((! . If.. and signed on its behalf by:
rs P H Connolly
Chainnan and trustee
Pag¢ S

The Isabel Blackman Foundation
Independent Auditor's Report to the Members of The Isabel Blackman Foundation
Opinion
We have audited the financial statements of The Isabel BIKknian Foundation (the 'charity') for the year ended 5
April 2024. which comprise the Staternent of Financial Aclivities. Balance Sheet, and Notes to the Financial
Statements, including a summary of Si￿1r1Cant accounting policies. The financial reporting framework that has
been applied in their preparation is United Kingdom Accounting Standards, comprising Charities SORP - FRS
102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and applicable law (United
Kingdom Generally Accepted Accounting Plzctice).
In our opinion the financial statements:
give a tsue and fair view of the state of the charity's affairs as at 5 April 2024 and of its incoming resources
and applicatson of resource4 including its income and expenditure, for the year then ended.
have been properly prepared in accordance with Uniied Kingdom Generally Accepied Accounting Practice.
and
have been prepared in a¢¢ordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with Inlernational Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for
the audit of the fInancial statements section of our repo￿ We are independent of the charity in accordance with
the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S
Ethical Standard, and we have fulfilled our other ethical responsibililies in accordance with these requirements.
We believe that the audit eviden¢¢ we have obtained is sulTicienl and appropria* to provide a basis for our
opinion.
Concluslons relating to going eoncern
In auditing the financial statements. we have concluded that the trustees use of the going concern basis of
accounting in the preparntion of the financial statements is appropriate.
Based on the work we have perfomied. we have not identified any malerial uncertainties relating to events or
conditions that. individually or collectively. may cast significant doubl on the charity's ability to conlinue as a
going concern for a period of at least twelve n￿nthS from when the original financial statements were authorised
for issue.
Our responsibilities and the responsibiliti¢s of the trustees with respect to going concern are described in the
relevant sections of this reporL
Other inforniation
The trustees are responsible for the other infonnation. The other infonnation comprises the infonnation included
in the annual reporL Other than the fUk￿CIal statements and our auditor's report thereon. Our opinion on the
fjnancial slatements does not cover the other infornMtion and, except to the extent otherwise explicitly stated in
our repo)t we do not express any fonn of assurance conclusion thereon.
In connection with our audit of the financial statements our Rsponsibility IS to read the other infonnation and,
in doing so. consider whether the other infornialion is materially inconsistent with the financial statements or
our knowledge obtained in the audit or otherwise appears to be materially missL*ed. If we identify such material
inconsistencies or apparent material misstatements, we are required to detem)ine whether there is a material
misstatement in the financial statements or a material misstatement of the other infornlation. If, based on the
work we have perfonned. we conclude that there is a material misstatemenl of this other infornialion. we are
required to report that facL
We have nothing to rewt in this regard.
Page 6

The Isabel Blackman Foundation
Independent Auditor's Report to the Members of The Isabel Blaeknian Foundation
(Continued)
Matters on whlch we are required to report by exception
In the lighi of our knowledge and understsnding of the charity and its environment oblained in the course of the
audit, we have not identified material misststements in the Trustees, Repo
We have nothing to report in respeci of the following matters where the Charities (Accounts and R¢port)
Regulations 2008 requires us to report to you if. in our opinion:
adequate accounting records have not b¢¢n k¢pL or returns adequate for our audit have not been re￿IVed
from brdnches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of trusiees remuneration specified by law are not made. or
we have not received all the information and explanations we require for our audit.
Respon$lbilitl¢s of trusttts
As explained more fully in the Slatement of Trustees, Responsibilities (set out on page 5), the tru5tc¢s are
responsible for the preparation of the financial statements and for being satisfied that they gtve a true and fair
view, and for such internal control as the trusttts delennine is necessary to enable the preparation of financial
ststements that are free from malerial missta¢ememL whether due to fraud or error.
In preparing the financial ststements, the Itwlees are responsible for assessing the ¢harity's ability io continue as
a going concem, disclosing, as applicable, matters related io going concern and using the going ¢oncem basis of
accountin8 unless the trustees either inlend to liquidate the charity or to ¢ease operations, or have no realistic
alternative but lo do so.
Audltor Respons5bllltles for the ludit ofihe flnancl•l statements
Our objeclives are to obiain reasonable ￿Urdncc about whether the financial statements as a whole are free
from material misstsiement, whether due to fraud or error, and lo issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurdnce. but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a maierial misslalement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economi¢ decisions of users taken on the basis of these financial ststements.
The extent to which our pro¢¢dures are capable of detecting iTregulariti¢s. including fraud is detailed below:
The legal and regulatory framework applicable to the entity was ¢onsidered as part of the audit planning, a risk
assessment was completed and no areas of ¢oncern were hi8hlighted.
Enquiries have been rnade of management and those charged with governance of the Charity to obthin
understanding of the entity's policie5 and procedures. A review of Board minutes has tsk¢n place. with no Cases
of a¢¢ual or suspected fraud highlighted.
The audit team remained vigilant for potential fraud and nonwcompliance with laws and regulations throughout
the whole audit proces5.
The susceptibility of the entity's financial ststements to material misstatem¢nL including how fraud might occur
was built in to the audit planned approach using a range of techniques.
A further description of our responsibililies is available on the Financial Reportin8 Council's website al:
www.frc.org.uklauditorsresponsibilities. This description forn￿ part of i)ur auditor's report.
Page 7

The Isabel Blackman Foundation
Independent Auditor's Report to the Members of The Isabel Blackman Foundation
(continued)
Use of our report
This report is made solely to the charity trustees, as a body. in accordance with section 144 of the Charities Act
2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might
stat¢ to the trustees those matters we are required to state to trustees in an auditors, report and for no other
purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other than
the charity and its trustees as a body. for our audit worK for this report, or for the opinions we have fornied.
Manningtons
nior Statutory Auditor)
For and on behalf of Manningtons. Statutory Auditor
39 High Street
Battle
East Sussex
TN33 OEE
Manningtons is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as
auditor of a company under section 1212 of the Companies Act 2006.
Page 8

The Isabel Blackman Foundation
Statement of Financial Aclivities for the Year Ended 5 April 2024
Unrestrieted
funds
Total
2024
Note
Income and Endowments from:
Charitable activities
Inve51ment income
Other income
31.450
287.901
965
31,450
287,901
965
Total Incom¢
320,316
320,316
Expenditure on:
Charitsble activities
Other expenditur¢
Governance costs
(240278)
(30.893)
(7.831)
(240278)
{30,893)
(7,831)
Total Expenditure
Gain￿loSseS on investment assets
(279,002)
503.630
(279,002)
503,630
Net movement in funds
544,944
544,944
Re¢oneiliatlOD of funds
Total funds brought foThvard
Total fimd5 carried forward
9,142.130
9,142.130
17
9,687,074
UDrL4tricted
funds
9,687,074
Totgl
2023
Note
Income and Endowments from:
Charitable activities
Invesknent income
31J08
279,728
31.308
279,728
Totsl Income
311,036
311,036
Expenditure on:
Charitable activities
Other expenditure
Gov¢rnance costs
(188,770)
(31,185)
(5.550)
(188,770)
(31,185)
5,550
Total Expenditure
Gain￿loSseS on investment assets
225,505
(583,063)
(225,505
(583,063
Net movement in fimds
(497,532)
(497.532)
Reconeiliation of funds
Total funds brought fonvard
9.639,662
9,639,662
Totsl funds carried forward
17
9,142.130
9,142,130
The notes on pages I 110 24 forni an integral part of these financial statements.
Page 9

The Isabel Blackman Foundation
Balance Sheet as at S April 2024
2024
2023
Note
Fixed assets
Tangible assets
Investtnents
27,400
9,342,696
27.400
,839,067
12
9J70,096
8,866,467
Current assets
Debtors
Cash at bank and in hand
13
14
2,118
325,450
1,475
283,755
327,568
285,230
Creditors: Amounts f811ing due within one year
Net current assets
15
10,590
(9,567
316,978
275,663
Net assets
9,687,074
9,142,130
Funds of the eharlty:
Unrestrieted ineome funds
Unrestricted funds
9,687.074
9,142,130
Totsl funds
17
9,687,074
9,142,130
The financial statements on pages 9 to 24 were approved by the trustses. and authoris¢d for issue on
. and signed on their behalf by:
.b
D Harding
Trustee
The notes on pages I I to 24 fonn an integral part of these financial ststements.
Page 10

The Isabel Blackman Foundation
Notes to the Financial Statements for the Year Ended 5 April 2024
l Accounting pollcles
Basis of preparntlon
The financial statements have been prepared in a¢cordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicabl¢ to charities preparing their a¢¢ounts in accordance with the
Financial Reporting SLindard applicable in the UK and Republic of Ireland (FRS 102) {effective l January
2015) - (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102) and the Charities Act 2011.
The Isabel Blacknian Foundation meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially reco￿lised ai historical ¢ost or transadion value unless otherwise stated in the relevant
accounting policy notes.
Colng coneern
The trustees consider that there are no malerial uncertainties about the charitys ability to continue as a going
concern.
Income
Investment income is accounted for in the period in which the charity is entitled lo receipt. All other income is
included on an accruals basis.
Donallons and legacla
Donations and ]eg￿leS are re¢ognised on a re¢¢ivable basis when receipt is probable and the amount can be
reliably measured.
Expendlture
All expenditure is recognised once there 15 a legal or constructive obligation to that expenditure, its probable
settlement is required, and the amount can be measured reliably. All ¢osts are allocated to the applicable
expenditure heading that aggregate similar costs to that category.
Charliable acilvlrfes
Charitable expenditur¢ wmprises those costs incurred by the charity in the delivery of is a¢tivities and servi¢es
for its beneficiaries.
Grani ￿PendI1￿re
Grants payable are chaTged in the y¢ar when the offer is conveyed to the recipient except in those cases where
the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled.
Grants offered subject io conditions which have not be¢n met az the year end are noted as a commitment, but not
a¢cru¢d as expenditure.
Support costs
Support ¢osts in¢lude all expenditure not directly related io the charitable activities. This includes costs of
runnin8 office premises, administrntion staff salaries and accountancy ftts.
Pagell

The Isabel Blackman Foundation
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
l Accounting pollcles (Continued)
Governance costs
Th¢se include the costs attributable to the charity's compliance with constitutional and statutory requiremen
including audit and legal fees.
Tangible fixed 9ssets
The only tangible fixed ￿Set owned by the Foundation at 5 April 2024 was a freehold property. namely:
Stonehenge, 13 Laton Road. Hastings
The management of the let flats was undertaken by Meridian Property.
13 Laton Road, Hastings continues to be used for ¢haritable purposes in accordance with the objects of the
Foundation.
The propety is stated at cost, with no provision for depreciation being made, on the basis that the trustees
consider that its market value exceeds its book value.
The Foundation also owns a certain amount of office and garden equipmenL The trustees have historically
employed a policy of writing off the cost of this otTice and garden equipment in full at time of purchase.
FAxed a$$et investments
Fixed asset investments are included at closing mid-market value at the balance sheet date. Realised gains and
losses on investments are calculated as the difference between sale proceeds and their market value at the slart
of the year, or their subsequent cost, and are charged or credited to the Ststement of Financial Activities in the
period of disposal.
Unrealised gains and losses represent the movement in market values during th¢ year and are credited or
charged to the Statement of Financial Activities based on the market value at the year end.
Fund strneture
Unrestricted income ffijnds are generdl funds that are available for use at th¢ trustees, discretion in furtherance of
the objectives of the charity .
Under the temts of its trLLSt deed, the charity consists of two separa* funds the General Fund and the Auxiliary
Fund.
The General Fund consists solely of the money, investments and property, and the subsequent accumulation
thereof. which were given to the Foundation by the late Isabel Blackman. The use of the income from this fund
is unrestricted, so long as it complies with the objects of the Foundation, as described in the Trustees, Report.
The Auxiliary Fund consists of the money, Inv￿lMents and property, and the subsequent accumulation thereof.
which have been received by the Foundation from sources other than Isabel Blackman. Currently. all of the
incorne generated by this fimd is unrestricted, so long as it complies with the objects of the Foundation.
Page 12

The Isabel Blackman Foundation
Notes to tbe Financial Statements for the Year Ended 5 April 2024 (eontinued)
l Aeeounting policies (continued)
Flnancial instrurnents
Cltwification
Financial assets and financial liabilities are recognised when the Charity becomes a party to the contractual
provisions of the instrument.
Financial liabilities and equity instruments are ¢lassified according to the substsnce of the contrn¢tual
arrangements entered into. An equity instrumenl is any contract thai evidences a residual interest in the assets of
the charity after deducting all of its liabilities.
Recogniilon andmeasurement
All fjnancial assets and liabilities are initially measured at transaction price (including transaction costs). except
for those financial assets Classified as at fair value through profit or loss, which are initially measured at fair
value (which is norn]ally the transaction price excluding transaction costsk unless the arrangement constitutes a
financing transaction. If an arrangement conslilutes a financing transactio￿ the financial &sset or financial
liability is measured at the present value of the future pay￿￿nts discounted at a market rate of interest for a
similar debt instrument.
Financial assets and liabilities are onty offset in the sL*ment of financial position when, and only when there
exists a legally enforceable right to set off the recognised amounts and the charity iDlends either to settle on a
net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the
financial asset expire or are settled. b) the charity transfers to another paty substantially all of the risks and
rewards of ownership of the financial asseL or c) the charity, despite having retained some. but not all.
significant risks and rewards of ownership, has transferred control of the asset to another paty.
Financial liabilities are deTe￿gniSed only when the obligation specified in the contract is discharged, cancelled
or expires.
Inveslments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares
are publicly traded or their fair value is reliably measurnble) are measured at fair value through profit or loss.
Where fair value cannot be measured reliably, investments are measured al cost less impairnienL
Investments in subsidiaries and associates are measu￿1 at cost less impaimienL For investments in subsidiaries
aquired for consideration including the issue of shares qualifying for merger relief, cost is measured by
reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is
ignored.
Falr wilue measuremenl
The best evidence of fair value is a quoted price for an identi￿1 asset in an active market. When quoted prices
are unavailable. the price of a recent transaction for an identical asset provides evidence of fair value as long as
there has not been a significant change in economic circUms￿eS or a significant lapse of time since the
tran5a¢tion took place. If the market is not a¢tive and recent transactions of an identical asset on their own are
not a good estimate of fair value. the fair value is estim*ed by using a valuation technique.
Page 13

The Isabel Blackman Foundation
Notes to the Financlal Statements for the Year Ended S April 2024 {continued)
2 Income from charitsble aetivltles
UDrestrleted funds
Auxlallary
Fund
Total
Total
Gener81 Fund
2024
2023
Provision of residential
accommodation
31,450
31,308
3 Investment Ineom¢
Unrestrlcted funds
Auxllbary
Fund
Total
2024
Total
2023
Gener81 Fund
Dividends and tnterest re¢¢ivable
from listed investmenls
Interest receivabl¢ on bank
deposits
264,956
10,114
275.070
275.070
2,610
12,831
4,658
279.728
275.177
12,724
287,901
4 Expendlture on eharltsble aetlvltles
Unrestrleted funds
Auxlllary
Fund
Total
Total
Ceneral Fund
2024
2023
Grant making
Provision of residential
accomodation
178,900
178,900
148,800
61,378
61,378
39,970
240,278
240 278
188,770
Page 14

The Isabel Blaekman Foundation
Notes to the Financial Statements for the Year Ended S April 2024 (continued)
4 Expenditure on ¢haritsbk a¢tivitiLs (continued)
An analysis of the grdnts payable duTing the year is included in note 7.
An analysis of the expendihwe in¢urred in the course of providing ￿identIal a¢¢ommodation is given below:
Total
Total
2024
2023
Rates and water
468
Insurance
1.855
23.707
2.050
22.155
3.455
5,016
3522
{850)
61J78
1,991
15,888
2.050
7.075
8,735
Light and heat
Cleaning
Repairs and maintenance
Garden expenses
Legal and professional ftts
Agents fees and commission
Bad debts
3,381
850
39.970
S Other expenditure
UDrestricted funds
Allxiliary
Fund
Total
2024
TotAI
2023
General Fund
Support costs
29,893
1,000
30.893
31,185
29.893
1,000
30.893
31,185
The support costs atiributable to the charitsble activities of both wt making and the provision of residential
accomodation are £30,893 (2023 - £31.185).
Page 15

The Isabel Blackman Foundation
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
6 Analysis of governance and support costs
Support eosts
Unrestricted funds
Auxiliary
Fund
Total
2024
Tolal
2023
General Fund
Truste¢s remuneration
Self employed clerical assistance
Rates and water
Insurance
Light and heat
Office repairs and equipment
Cleaning
Printing, stationery and postage
Telephone
Computer costs
Accountancy
Legal and professional fees
Bank charges
Sundry expenses
Trustees dinners
Purchase of computer equipment
Contribution from Auxiliary Fund
to General Fund
21,213
292
21,213
292
444
350
1,434
320
501
890
480
197
4,140
300
90
242
20.952
570
336
967
350
1,434
320
501
890
480
197
4,140
300
90
242
492
353
474
230
3,324
59
500
882
2,046
(1.000
29,893
1,000
30,893
31,185
Governanee costs
Unrestrieted funds
Auxiliary
Fund
Total
2024
Total
2023
General Fund
Audit fees
Audit of the financial statements
Legal and profe55ional fees
5,880
1,951
5,880
1,951
5,520
30
7,831
7.831
5,550
Page 16

The Isabel Blaekman Foundation
Notes to the Financial Statements for the Year Ended S April 2024 (contlDued)
7 Grant making
Analysi$ of grants
Grants to
institutions
Cranls to
individuals
Analysis
General Fund
159,325
19,575
The grants payable during the year were as follows:
Education
Glyne Gap School
Park Road Under Five5
5.000
1.000
5.000
2,600
2,000
17,575
Create Music
Lifesize
Sacred Heart Catholic Primary School
Grants to 10 individuals
33,175
Culture and Recreation
Hastings Fat Tuesday
Hastings Storytelling Festival
Hastings International Piano
Hastings Sinfonia
Hastings is Everybody
Hastings Litfest
Christ Church Ore Treasure Seekers Holiday Club
De La Warr Pavilion
2,000
2,000
3,000
1,500
400
4,900
615
1,500
3,500
2,000
Westerleigh Judokwai
Grant to l individual
21,415
Carried forward
54,590
Page 17

The Isabel Blaclunan FoundatAon
Notes to the Financial Statements for tbe Year Ended S April 2024 (continued)
7 Grant making (eontipued)
Brought fonvard
54,590
Health
SASBAH
Fight for Sight
The Sarah Lee Trusi
2.000
5.000
3.000
5.000
5.000
2.500
2.0(
1.000
1.000
5.000
2,000
1.000
2,000
450
St John Ambulance
Project Art Works
KenL Sussex and Surrey Air Ambulance
Listening Books
Chestnut Tree House
Calibre Audio
Dame Vera Lynn Children's Charity
Dentsid - The Dental Charity
Royal Nalional Institute for the Blind
Young Lives vs Cancer
E&st Sussex Vision Support
PBC (UK)
Great Orniond Street Hospital Charty
British Wireless for the Blind
5.000
.550
2.000
1,000
1.000
The Salvation Arniy
CTaftimation Factory
British Liver Tn￿t
50,500
Carried foti¥ard
105,090
Page 18

The Isabel Blackman Foundation
Notes to the Finanelal Statements for the Year Ended 5 Aprll 2024 (eontlnued)
7 Crant making (continued)
Brought forward
105,090
So¢ial Services
Oasis Community Proj¢ct
Just Friends
1,500
1,500
1,000
2,500
5,000
2,500
5,000
1,500
5,500
1,500
2,000
4.000
1.000
5,000
6,000
210
Beachy Head Chaplaincy Team
Warniing Up the Homeless
Doms F(K)d Mission
You Raise Me Up
East Sussex Re¢overy Alliance
Hastings and Rother Furniture Service
The Clifton Centre
Fare Share Sussex and Surrey
Royal Airforce Benevolent Fund
Royal National Lifeboat Institution
Crnse Bereavement
Little Gate Farni
Family Support Work
The Parish of St Helens Ore and St Barnabas
45,710
Religion
Hastings and Rother Inlerfaith Forum
1,200
Environment
Ore in Bloom
2,000
900
Proje¢t Rewild
Hastings and East Sussex Natural History Society
4,000
6,900
Youth Organlsatlons
East Sussex Fire and Rescue Service
5.000
15,000
24th Hastings Scouts
20.000
178,91M)
All grdnts were made by the General Fund.
Page 19

The Isabel Blackman Foundation
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
8 Trustees remuneratlon and expenses
During the year the charity made the following transactions with trustees:
Mrs C S Deaeon
Mrs C S Deacon received remunerdtion of £9.720 (2023: £9,600) during the year.
D Harding
D Harding received remuneration of £11,493 {2023: £1 I J52) durlng the year.
Remuneration was paid to the trustees for services provided in accordance with the authority given by the trust
deed.
No trustees have received any other benefits from the charity during the year.
9 Starrcosts
The monthly average number of persons employed by the charity during the year was as follows:
2024
2023
Administrative stsff
Page 20

The Isabel Blgckman Foundation
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
10 Taxation
The charity is a registered ¢harity and is therefore exempt from co4)ordtion tax.
I l Tangible fixed assets
Land and
buildings
Total
Cost
At 6 April 2023
At 5 April 2024
27,400
27.400
27,400
27,400
Depreeiation
At 5 April 2024
Net book vglue
Al 5 April 2024
27.400
27,400
Al 5 April 2023
27,400
27,400
12 Fixed asset investments
2024
2023
Other investments
9.342,696
8,839,067
Page21

The Isabel Blackman Foundation
Notes to the Financial Statements for the Year Ended 5 April 2024 (eontinued)
12 Fixed asset Investments (contlnued)
Other Investments
Llsted
Investments
Tolal
Cost or Valuation
At 6 April 2023
Revaluation
8,839,067
503,629
8,839,067
503,629
At 5 April 2024
9,342.696
9 342 696
Net book value
At 5 April 2024
At 5 April 2023
Histor1¢ Cost
9,342,696
9 342,696
8,839,067
8,839,067
At 5 April 2024
At 5 April 2023
4,334,760 4,334,760
4,334,760 4,334,760
The charity's investments consist of income and property units in the Charities Official Investment Fund.
13 Debtors
2024
2023
Prepayments
Other debtors
52
2,066
49
1,426
2,118
1.475
14 Cgsh and cash equivglents
2024
2023
C&8h in hand
Cash at bank
Short-term deposits
24
23.620
260,111
20,432
305,013
325,450
283,755
15 Creditors: amounts falling due withln one year
2024
2023
Other creditors
10,590
9,567
Page 22

The Isabel Blackman Foundation
Notes to the Flnancial Statements for the Year Ended S April 2024 (continued)
16 Commitments
Other flnanelal commitments
Within the General Fund is a designated fund of money set aside by the trustees for the payment of grants which
have been promised or offered on a conditional basis at the end of the accounting year.
The total amount of the conditional grants promised or offered which are not provided in the fJnan¢ial
statements was £12,000 (2023 - £Nil). This sum represented one conditional grnnl which has subsequently been
withdrawn after the accounting year end.
Page 23

The Isabel Blackman Foundation
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
17 Funds
Other
recognised Balance at 5
gainsl(losses) April 2024
Balance at 6
April 2023
Ineomlng
resources
Resources
expended
Unrestrleled funds
General Fund
,770,028
307,592
(278,002)
485235
9,284,853
Auxiliary Fund
372,102
12,724
( 1,000)
18,395
402,221
Totsl funds
9,142,130
320,316
(279,002
503,630
9,687,074
Other
reeognised
Balance at S
galnsl(losses) April 2023
Balance at 6
April 2022
Incoming
Resources
expended
Unrestrlcled funds
General Fund
9,256,063
300,020
(224,500)
(561,555)
(21,508)
8,770,028
Auxiliary Fund
383,599
11,016
,005
372,102
Total funds
9,639,662
225 505
311,036 9,142,130
(583,063
Page 24