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2024-03-31-accounts

Company Registration Number: 03340032 (England and Wales) Registered Charity Number in England & Wales: 1063737

REPORT OF THE TRUSTEES AND AUDITED GROUP FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR COMMUNITY ACTION ISLE OF WIGHT

(A Company Limited by Guarantee)

COMMUNITY ACTION ISLE OF WIGHT CONTENTS OF THE FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Page
Report of the Trustees 1 to 8
Report of the Independent Auditors 9 to 12
Consolidated Statement of Financial Activities 13
Consolidated Balance Sheet 14
Consolidated Cash Flow Statement 15 to 16
Notes to the Financial Statements 17 to 37

COMMUNITY ACTION ISLE OF WIGHT REPORT OF THE TRUSTEES

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities'.

LEGAL AND ADMINISTRATIVE INFORMATION

Patron

Major General Sir Martin White

President

Mrs Mary Case

Trustees Members and Directors

Ms E Corina, YMCA Mr R Priest, Shanklin Youth and Community Centre Dr B Hinton, Julia Margaret Cameron Trust Mr P Noctor, Coastwatch/ West Wight Sports Centre Mr R Harrington-Vail, Footprint Trust Mr J Medland, Isle of Wight Council (Resigned May 2024) Mrs Deborah Andre, Isle of Wight Council (Appointed May 2024) Ms C Robertson, Co-opted Ms A Smith, Co-opted Mr M Meredith, Co-opted Mr M Lilley, Isle of Wight Council

No trustee has any beneficial interest in the charitable company. All trustees are members of the company and guarantee to contribute £10 in the event of a winding up.

Chief Executive and Company Secretary

Mr Michael Bulpitt

Company Registration Number

3340032 (England and Wales)

Registered Charity Number

1063737 (England and Wales)

Registered Office

Riverside Centre The Quay Newport Isle of Wight PO30 2QR

Auditors

Morris Crocker Limited, Chartered Accountants Station House North Street Havant, PO9 1QU

1

COMMUNITY ACTION ISLE OF WIGHT REPORT OF THE TRUSTEES

Legal Advisors

Glanvilles The Courtyard, St Cross Business Park Newport Isle of Wight PO30 5BF

Bankers

NatWest Bank PLC Aldermore Bank PLC 107 St James Square Western House Newport Lynch Wood Isle of Wight Peterborough PO30 1XH PE2 6FZ

Recruitment and appointment of new trustees

Trustees are elected by member organisations at the annual general meeting, with the Isle of Wight Council able to appoint up to two representatives. In addition up to three trustees can be co-opted by the board. Trustees are appointed on a three year cycle and either stand down after this period or stand for re-election for a new term.

Induction and training of new trustees

Once elected, trustees receive training in the form of an induction pack and support provided by a senior staff member.

Governing documents

The charity is controlled by its governing documents, the Memorandum and Articles of Association dated 25 March 1997, and amended 8 May 1997; and constitutes a limited company, limited by guarantee as defined by the Companies Act 2006.

Organisational Structure

The charity is controlled by a Board of Trustees, nominated through the AGM or co-opted by the Board. The day to day management is delegated to the Chief Executive.

The charity employed an average of 29 employees during the year and an average of 60 volunteers supported various projects/services on a regular basis. In addition a further 24 people are employed through the trading arms.

Key management remuneration

Management salary is set and reviewed by the Board of Trustees. Informal monitoring of the salary levels of similar positions through job advertisements is undertaken by the CEO and the Chair to identify that the salary paid is appropriate, when compared to other, similar positions and taking into account the overall pay levels experienced on the Island compared to other areas.

Management salary may increase alongside all other staff as and when an incremental percentage increase is deemed affordable by the Board.

Charitable objectives and mission

To promote and organise co-operation in the achievement of any charitable purpose for the benefit of the community in the County of the Isle of Wight in the furtherance of health and conservation or protection of the environment in a manner recognised as charitable and for the relief of poverty, distress, disability and sickness.

2

COMMUNITY ACTION ISLE OF WIGHT REPORT OF THE TRUSTEES

Public benefit

Community Action Isle of Wight delivers benefit to the island in a variety of ways:

Through the advancement of citizenship and community development by the provision of the promotion of and support to the local voluntary sector.

Through the provision of a large community centre in Newport hosting the activities of hundreds of different voluntary and community groups and acivities throughout the year.

Through the provision of a second, small community centre in East Cowes.

By enabling and promoting participation within volunteering through the work of the Isle of Wight Volunteer Centre service, thereby helping individual residents to become a volunteer and groups to improve their capacity to deliver their roles.

Through the provision of training and support to the staff and volunteers of voluntary and community groups to help enable them to achieve their charitable objectives.

Through the provision of relief to those in need through the provision of a voluntary car service to older and

less mobile residents, thereby helping to improve their quality of life by enabling them to access local services. Through the provision of support services to local residents with a disability.

Through the provision of support services to refugees on the Island.

Through the development of community led housing initiatives, thereby helping local residents to acquire affordable housing or remain in their own home by avoiding eviction.

Wider network

Community Action IW is a member of Action with Communities in Rural England (ACRE), which actively promotes the interests of rural communities. It also acts as the national umbrella organisation for 38 similarly focused county/unitary level bodies around the country.

CAIW is also a member of the National Council for Voluntary Organisations (NCVO)

Community Action IW works strongly in partnership with local public sector bodies, including the Isle of Wight Council, the IW NHS Clinical Commissioning Group and the IW NHS Trust. It also supports partnership based initiatives such as the Health and Well Being Board and Community Safety Partnership.

The CEO works in partnership with a wide variety of organisations at the strategic level and supports various grant giving organisations/initiatives such as the Hampshire and IW Community Foundation.

REVIEW OF ACTIVITIES AND ACHIEVEMENTS

The year has, as ever, been a challenging one, with cost of living challenges, inflationary pressures on operational costs, public sector funding reductions and the on-going needs of refugees all combining to create a difficult operating environment.

We continued to help build the skills and capacity of the local voluntary and community sector delivering training on a wide range of subjects: fundraising, project management, motivational interviewing, first aid, accessibility awareness, safeguarding vulnerable adults and many more.

Our Volunteer Centre service continued to promote and facilitate local volunteering, holding a variety of promotional events to help the local sector recruit new volunteers and facilitating regular Volunteer Managers Network meetings to promote and support best practice in volunteer recruitment and management.

3

COMMUNITY ACTION ISLE OF WIGHT REPORT OF THE TRUSTEES

In partnership with other charities, we continued to deliver the Healthwatch service for the Island, helping to identify challenges and concerns in the delivery of health and social care services on the Island and also proposing improvements and solutions.

Community Action IW also delivered a Community Led Housing project across the Island for part of the year until this was taken in house by the local authority. We also delivered a Rural Housing Enabler role with the aim of facilitating the acceptance of the need and improved partnership working to support the development of affordable housing units

We have invested some of our charitable reserves to help kick start a small Community Law Service to help people at risk of eviction and similar challenging scenarios and have been seeking further funds to try and build the service.

We supported the local authority to access £3 million pounds to refurbish Sandown Town Hall and helped Sandown Town Council to secure funds to renovate Sandham Gardens public space; both with a view to enabling Community Action IW to deliver more youth focused work in the near future.

Through one of its trading arm Island Community Ventures Ltd a village shop and post office service is maintained in one village and a further three outreach post office services delivered in other villages, helping to maintain this much needed but under threat facility for rural parts of the Island.

Funders during the year included The National Lottery, Isle of Wight Council and DEFRA.

Grants managed

The Charity managed 2 grant programmes during the year: Helping Hands and the Community Led Housing Grant.

Helping Hands provides one off grants up to £75 to people who are experiencing financial difficulties and are unable to access support from other recognised sources. Agencies such as Social Services, Housing Associations and voluntary sector bodies refer individual cases for consideration and during the year funds were channelled through Citizens Advice Help Through Crisis programme.

The Community Led Housing grants relate to supporting not for profit bodies to develop their initiatives relating to community led housing.

Organisational Developments

No new organisational developments have taken place for the charity.

FINANCE AND ACCOUNTS

The audited accounts form part of this report and full details of the accounts of both the charity and its trading arms.

Overall the figures highlight the challenging operating environment for both charity and trading arms.

The financial reserves of the charity are still solid and more than sufficient. A range of grants continue to be accessed, paid for services continue to be self sustaining but efforts to increase self sustainability of other work through trading, continues to be difficult.

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COMMUNITY ACTION ISLE OF WIGHT REPORT OF THE TRUSTEES

POLICIES

Reserves

Reserves: The Finance and Control procedures of Community Action IW identify two months core operational expenditure as being an appropriate minimum level and this is being adhered to. Reserves are maintained to provide financial stability to the charity and its activities and also enable cashflow variations to be managed during changes of funding opportunities and peaks and troughs relating to such fund flow.

Community Action IW operates grant funded projects on the basis that secured funding meets the net expenditure required and allowing for some level of overhead/management cost coverage.

Where services are not grant funded but paid for services, the aim is for the overall combined paid for services to be break even as a minimum, even if this means that surplus from one covers deficits in others.

Trading is undertaken with the intention of delivering profit although in some cases there is also a community benefit to be considered, such as with the post office service provision.

At the year end total reserves for the charitable company were £805,782 (Group: £807,137). Restricted reserves at the year end were £330,836 (Group: £330,836) leaving a total of £374,946 (Group: £476,301) as unrestricted reserves at the year end.

Investment Policy

Cash balances are held in Nat West and Aldermore bank in a mix of current and short term bond accounts.

Our trading arm Island Community Ventures Ltd continues to generate annual income for the charity, paying off the loan from the charity and paying interest and contributing to the charity’s management costs.

£10,000 is invested in a community energy initiative, which is paying an annual dividend.

Community Action IW has a suite of other policies to guide the organisation across all the appropriate areas.

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COMMUNITY ACTION ISLE OF WIGHT REPORT OF THE TRUSTEES

Principal Risks and Uncertainties

Community Action Isle of Wight

Risk: Reductions in funding from regular funders, especially for voluntary sector infrastructure / community development work

Mitigating factors:

We still have funding from the National Lottery until October 2026, in addition to reducing funding from the local authority

Redundancies are an unfortunate option but have not proven necessary to date.

The diverse range of work we undertake ensures we are still able to deliver on our overall charitable objectives even if funding reduces/stops in certain areas of our work.

Risk: Inflationary challenges, in particular the cost of heating and lighting our community centres

Mitigating factors

A range of actions have already been undertaken to reduce usage and costs, such as extending LED lighting, cavity wall insulation, using timers on water boilers and heating systems more effectively and turning large usage items off whenever possible.

Riverside Ventures

Riverside Ventures run the management of the weekly bookings/activities/events undertaken by other organisations within the Riverside Centre.

Cost of living : Financial risk:

There is clearly potential for there to be on-going reduced demand for hire of rooms, holding of training event and parties etc moving forward due to both organisations and individuals having less resources to spend.

Mitigating factors

By securing more ‘permanent’ sub letting organisations, we reduce the reliance in one off bookings and increase a more reliable income stream.

Although cost of living impacts are clearly present, there is evidence that the level of demand for one off room hire is now starting to increase again as confidence builds.

Island Community Ventures Ltd

Uncertain operating environment due to cost of living crisis and inflation

This may include changes in the behaviour of customers and demand from wholesale clients for the bakery products and further challenges in minimising losses incurred by Post Office service provision

Mitigating factors

A second jiffy van delivery service is planned, building on the existing successful service, visiting work places.

Buying raw materials in bulk and in advance of price increases

Maintaining good relations with wholesale customers and actively looking for more.

Good communication with all customers regarding the need for price increases due to supply chain cost increases

6

COMMUNITY ACTION ISLE OF WIGHT REPORT OF THE TRUSTEES

FUTURE DEVELOPMENTS

The last few years has shown us how difficult it is to predict what is going to happen next in the world in which we operate. The extent to which the cost of living crisis will impact on both local residents and the charity itself is similarly difficult to predict.

We continue to pursue the development of new services that bring benefit to Island residents but inevitably not all will be successful and in addition some existing projects and services may come to an end.

Despite the huge challenges we have faced in the last few years Community Action IW remains in a solid position and will continue to work with partners, funders and residents to fulfil its purpose.

CONCLUSION

Now, even more than ever, the Trustees would like to place on record their appreciation of the enormous efforts of the staff and volunteers of Community Action IW, Riverside Ventures Ltd and Island Community Ventures Ltd in these extremely challenging times.

7

COMMUNITY ACTION ISLE OF WIGHT REPORT OF THE TRUSTEES

Statement of Trustees Responsibilities

The trustees (who are also the directors of Community Action Isle of Wight for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors

So far as the trustees are aware, there is no relevant information (as defined by Section 418 of the Companies Act 2006) of which the charitable companys auditors are unaware, and each trustee has taken all the steps that they ought to have taken as a trustee in order to make them aware of any audit information and to establish that the charitable companys auditors are aware of that information.

Auditors

The auditors, Morris Crocker, will be proposed for re-appointment at the forthcoming Annual General Meeting

11 December 2024 Signed on behalf of the Trustees on ….......................................

Ms E Corina Ms E Corina Chair of the Board of Trustees Chair of the Board of Trustees

8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF COMMUNITY ACTION ISLE OF WIGHT

We have audited the financial statements of Community Action Isle of Wight and its subsidaries for the year ended 31 March 2024 which comprise the Consolidated Statement of Financial Activities, the Consolidated Summary of Income and Expenditure Account, the Group and Charity Balance Sheets and cashflow statements and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard FRS 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

Opinion on financial statements

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent 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 responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF COMMUNITY ACTION ISLE OF WIGHT

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identifiy such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to

Responsibilities of trustees

As explained more fully in the Statement of Trustees Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group and parent charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or parent charity or to cease operations, or have no realistic alternative but to do so.

10

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement 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 economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

From discussion with management and those charged with governance information about the entity is documented to assess the activity within the organisation. We discuss management's assessment of risk in respect of irregularities, fraud and going concern.

Based on these discussions and our own assessments we determined that the key risk areas were income recognition in respect of cut off issues concerning grant, service and donation income and management override concerning the size of the organisation.

We set financial statement materiality level based on the level of income. As a not for profit organisation raising income is its primary focus which is why income was used to determine the level of materiality. Our overall assessment of risk was used to determine performance materiality at an appropriate level

Substantive audit tests were designed after assessing and performing walkthrough tests. The walkthrough testing confirmed documented systems which have been designed to act as a preventative measure against fraud and error which appear to be operating as documented. Substantive testing tested a sample of the population, representative of the population, to identify errors. The testing did not identify any material misstatements in areas tested.

Audit substantive tests concluded no material errors over the key risk areas of income recognition and management override.

The audit considers the organisation is not exposed to material risk of error as a result of assessing laws and regulations that are appropriate to the organisation.

Management assessed there is no going concern risk. The audit undertook a review of budgets, management accounts and the review of board minutes and came to the same conclusion as management.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the group and the parent charity and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF COMMUNITY ACTION ISLE OF WIGHT

Stuart Mackie (Senior Statutory Auditor) for and on behalf of Morris Crocker Limited Chartered Accountants Statutory Auditors Station House North Street Havant Hampshire, PO9 1QU

Date: ………………………12 December 2024

12

COMMUNITY ACTION ISLE OF WIGHT CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING A CONSOLIDATED INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
funds
Notes
£
INCOME FROM
Donations and legacies
4
1,644
Other trading activities
5 & 7
993,661
Investment income
6
10,288
8
Advice and support services
67,843
Health and inequalities
95,743
Rural services
-
Transport services
16,411
-
Other incoming resources
9
3,745
Total
1,189,335
EXPENDITURE ON
Raising funds
Other trading activities
7
927,810
Charitable activities
Advice and support services
10
202,465
Health and inequalities
49,720
Rural services
729
Transport services
42,656
Other
-
Total
1,223,381
Net income/(expenditure)
18
(34,046)
Transfers between funds
19
30,785
Net movement in funds
(3,261)
Total funds brought forward
479,562
Total funds carried forward
26
476,301		 Restricted
funds
£
3,969
19,371
-
365,487
46,592
58,846
-
-
494,265
-
399,870
65,280
55,817
-
-
520,967
(26,702)
(30,785)
(57,487)
388,323
330,836		 Total
2024
£
5,613
1,013,032
10,288
433,330
142,335
58,846
16,411
3,745
1,683,600
927,810
602,335
115,000
56,546
42,656
-
1,744,348
(60,748)
-
(60,748)
867,885
807,137		 Total
2023
£
17,441
1,164,267
3,553
675,806
89,915
33,840
17,370
2,328
2,004,520
921,189
676,718
158,447
34,275
20,876
-
1,811,505
193,015
-
193,015
674,870
867,885

The notes form part of these financial statements

13

COMMUNITY ACTION ISLE OF WIGHT BALANCE SHEET - CONSOLIDATED AND CHARITY FOR THE YEAR ENDED 31 MARCH 2024

Group Group Charity Charity
2024 2023 2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 20 - - - -
Tangible assets 21 56,659 71,437 24,472 23,799
Investments 22 10,000 10,010 10,102 10,112
66,659 81,447 34,574 33,911
Current assets
Stocks 17,860 13,962 - -
Debtors 23 143,421 171,022 253,873 268,957
Cash at bank and in hand 654,292 683,442 550,824 568,645
815,573 868,426 804,697 837,602
Liabilities
Creditors 24 (75,095) (81,988) (33,489) (27,790)
Net current assets 740,478 786,438 771,208 809,812
Total assets less current liabilties 807,137 867,885 805,782 843,723
Net assets 807,137 867,885 805,782 843,723
Accumulated Funds
Restricted funds 26 330,836 388,323 330,836 358,323
Unrestricted funds 26 306,301 479,562 304,946 485,400
Unrestricted designated funds 26 170,000 - 170,000 -
Total accumulated funds 807,137 867,885 805,782 843,723

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

11 December 2024

The financial statements were approved by the Board of - Trustees on ….......................... and were signed on its behalf by: behalf by

Ms E Corina Ms E Corina Chair of the Board of Trustees Chair of the Board of Trustees

The notes form part of these financial statements

14

COMMUNITY ACTION ISLE OF WIGHT STATEMENT OF CASH FLOWS AND CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

Group
2024
Notes
£
Cash flows from operating activities
Cash generated from operations
1
(7,390)
Net cash provided by/ (used in) operating activities
(7,390)
Cash flows from investing activities
Purchase of tangible fixed assets
(11,423)
Loss(profit) on sale of fixed assets investments
10
Purchase of fixed asset investments
Interest received
10,288
Repayment of subsidiary loan
Net cash provided by/ (used in) investing activities
(1,125)
Cash flows from financing activities
Loan repayments in year
(20,635)
Net cash provided by/ (used in) financing activities
(20,635)
Change in cash and cash equivalents in
the reporting period
(29,150)
Cash and cash equivalents at the beginning of
the reporting period
683,442
Cash and cash equivalents at the end of
the reporting period
654,292		 Group
2023
£
108,231
108,231
(36,589)
(10)
3,553
-
(33,046)
(11,570)
(11,570)
63,615
619,827
683,442		 Charity
2024
£
(20,477)
(20,477)
(7,642)
10
10,288
2,656
-
-
(17,821)
568,645
550,824		 Charity
2023
£
47,367
47,367
(3,971)
-
-
3,553
20,913
20,495
-
-
67,862
500,783
568,645

15

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE STATEMENT OF CASH FLOWS AND CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net movement in funds
Adjustments for:
Depreciation charges
Interest received
(Increase)/decrease in stocks
(Increase)/decrease in debtors
(Decrease)/Increase in creditors
Net cash provided by (used in)
operating activities		 Group
2024
£
(60,748)
26,201
(10,288)
(3,898)
27,601
13,742
(7,390)		 Group
2023
£
193,015
24,198
(3,553)
16,782
(82,007)
(40,204)
108,231		 Charity
Charity
2024
2023
£
£
(37,941)
116,687
6,969
5,468
(10,288)
(3,553)
-
-
15,084
(38,097)
5,699
(33,138)
(20,477)
47,367

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand
Debt
Debts falling due within 1 year
Debts falling due after 1 year		 At 1.4.2023
683,442
683,442
(8,940)
(11,695)
(20,635)		 Cash flow
(29,150)
(29,150)
8,940
11,695
20,635		 At 31.3.2024
654,292
654,292
-
-
-

16

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

a) Basis of preparation

The financial statements of the charitable company, which is a public entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Reporting Standard 102 'The Financial Reporting Standard applicable in UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

The Charity meets the definition of a public benefit entity under FRS 102.

b) Group financial statements

These financial statements consolidate the results of the charity and its wholly owned subsidiaries, Island Community Venture Limited and Riverside Ventures (Isle of Wight) Limited, on a line by line basis. A separate statement of financial activities and income and expenditure account are not presented for the charity itself following the exemptions afforded by section 408 of the Companies Act 2006.

c) Incoming resources

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Income is only deferred when:

d) Volunteers and donated services

The value of services provided by volunteers is not incorporated into these financial statements.

Where services are provided to the charity as a donation that would normally be purchased, this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity.

17

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICES (Continued)

e) Resources expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Support costs incurred in supporting the charitable activities and governance of the charity are not considered material and would not constitute a significant proportion of governance costs, therefore all costs are allocated in full to charitable activities.

f) Pension costs and other post-retirement benefits

The charity also operated a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. Contributions payable for the year are charged to the statement of financial activities.

g) Taxation

All of the charity’s income is applied for charitable purposes and therefore the charity is exempt from corporation tax.

h) Tangible fixed assets

Individual fixed assets costing £1,000 or more are capitalised at cost.

Tangible fixed assets are depreciated on a straight line basis over their estimated useful economic lives as follows:

Land & Buildings - over the period of the lease Motor vehicles - 20% straight line Plant & Machinery etc - 15%, 20% and 25% straight line

i) Goodwill

Goodwill, being the amount paid in connection with the acquisition of two separate businesses in 2011 and 2012, is being amortised evenly over its estimated useful life of ten years.

j) Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items

k) Financial Instruments

The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and investments in stocks and shares. The measurement basis used for these instruments is detailed below.

18

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICES (Continued)

Debtors and cash at bank

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand included cash held on deposit or in a current account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Fixed asset investments

Social investments are held at market value and assessed regularly for signs of impairment.

l) Funds structure

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees

Designated funds represent funds set aside by the trustees out of unrestricted funds for specific future purposes or projects.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

19

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. LEGAL STATUS OF THE CHARITY

The charity is a company limited by guarantee and has no share capital. The members of the charity are the trustees listed on page 1. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

3. FINANCIAL ACTIVITIES OF THE CHARITY

The financial activities shown in the consolidated statement includes those of the charity’s wholly owned subsidiaries, Island Community Ventures Limited and Riverside Ventures (Isle of Wight) Limited.

A summary of the financial activities undertaken by the charity is set out below:

Total incoming resources
Total expenditure on charitable activities
Net gains/(losses) on defined benefit schemes
Net incoming resources
Total funds brought forward
Represented by:
Resticted funds
Unrestricted funds		 2024
£
778,597
(816,538)
(37,941)
-
(37,941)
843,723
805,782
330,836
474,946
805,782		 2023
£
1,022,945
(906,258)
116,687
-
116,687
727,036
843,723
358,323
485,400
843,723

Income and expenditure in the charity above includes income and expenditure eliminated on consolidation.

20

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

4. DONATIONS AND LEGACIES

Donations
5.
OTHER TRADING ACTIVITIES
Rents receivable
Training and Consultancy
Back Office Support Services
DBS Income
6.
INVESTMENT INCOME
Interest on cash deposits
Loan interest		 Unrestricted
2024
£
1,644
1,644
Unrestricted
2024
£
53,177
2,396
6,757
8,465
70,795
Unrestricted
2024
£
10,288
-
10,288		 Restricted
2024
£
3,969
3,969
Restricted
2024
£
-
19,371
-
-
19,371
Restricted
2024
£
-
-
-		 Total
2024
£
5,613
5,613
Total
2024
£
53,177
21,767
6,757
8,465
90,166
Total
2024
£
10,288
-
10,288		 Total
2023
£
17,441
17,441
Total
2023
£
73,981
21,708
6,214
6,883
108,786
Total
2023
£
3,553
-
3,553

All investment income is derived from cash deposits held within the United Kingdom

21

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. TRADING OPERATIONS

Island Community Ventures Limited (Registered Company number: 07474562)

The charity's wholly owned trading subsidiary, Island Community Ventures Limited, which is incorporated in England and Wales, pays all but a small proportion of its profits to the charity by Gift Aid. The following is an extract of the financial statements of Island Community Ventures Limited for the period ended 31 March 2024.

Turnover
Cost of sales and administrative expenses
Other operating income
Interest receivable and similar income
Profit before and after tax
Profits distributed to the charity
Retained in subsidiary
The assets and liabilities of the subsidiary were:
Fixed assets
Current assets
Total liabilities
Net assets		 2024
£
795,855
(821,241)
55,190
-
29,804
29,804
18,997
124,973
(162,965)
(18,995)		 2023
£
794,008
(812,815)
58,685
-
39,878
(35,560)
4,318
28,689
126,513
(164,000)
(8,798)

Riverside Ventures (Isle of Wight) Limited (Registered Company number: 03513635)

Riverside Ventures (Isle of Wight) Limited, which is incorporated in England and Wales, pays its profits to the charity by Gift Aid. The following is an extract of the financial statements of Riverside Ventures (Isle of Wight) Limited for the period ended 31 March 2024.

Turnover
Cost of sales and administrative expenses
Other operating income
Interest receivable and similar income
Profit before and after tax
Profits distributed to the charity
Retained in subsidiary
The assets and liabilities of the subsidiary were:
Fixed assets
Current assets
Total liabilities
Net assets		 2024
£
154,057
(166,667)
-
-
(12,610)
(12,610)
13,190
54,914
(47,651)
20,453		 2023
£
170,380
(128,939)
-
-
41,441
(24,672)
16,769
18,950
51,342
(37,228)
33,064

Income and Expenditure in the trading companies above includes transactions which have been eliminated on consolidation totalling £60,080 and £118,215.

22

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. TRADING OPERATIONS (Continued)

Sabirian CIC

The charity's wholly owned trading subsidiary, Sabirian CIC, which is incorporated in England and Wales, pays all but a small proportion of its profits to the charity by Gift Aid. The following is an extract of the financial statements of Sabirian CIC for the year ended 31 March 2022. On the 24th November 2022, Sabirian CIC, a trading entity of Community Action Isle of Wight, entered liquidation, the charity has recognised a provision in full for the monies owed back from Sabirian CIC. This company was dissolved on the 5th May 2024.

Turnover
Cost of sales and administrative expenses
Other operating income
Interest receivable and similar income
Profit/(Loss) before and after tax
The assets and liabilities of the subsidiary were:
Fixed assets
Current assets
Total liabilities
Net assets		 2024
£
-
-
-
-
-
-
-
-
-		 2023
£
45,911
(37,248)
46,577
-
55,240
-
-
-
-

Income and Expenditure in the trading company above includes transactions which have been eliminated on consolidation totalling £nil and £nil.

The registered office for each the above subsidiary's was as follows:

Riverside Centre The Quay Newport Isle of Wight PO30 2QR

23

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

8.
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
Unrestricted
Restricted
2024
2024
£
£
Optio income
16,411
-
Active Living
95,243
-
Grants
68,343
470,925
179,997
470,925		 Total
Total
2024
2023
£
£
16,411
17,788
95,243
91,626
539,268
707,517
650,922
816,931
9.
OTHER INCOMING RESOURCES
Unrestricted
2024
£
Other income
3,745
10.
ANALYSIS OF CHARITABLE EXPENDITURE
Grants
Other Direct
Payable
Costs
£
£
Advice and support services
19,128
46,738
Health and inequalities
-
13,777
Rural services
-
-
Transport services
-
437
19,128
60,952
11.
ANALYSIS OF GRANTS PAYABLE
Grants to
Institutions
£
Advice and support services
18,550
Health and inequalities
-
Rural services
-
Transport services
-
18,550		 Restricted
2024
£
-
Support
Costs
(Note 12)
£
536,469
101,223
56,546
42,219
736,458
Grants to
Individuals
£
578
-
-
-
578		 Total
2024
£
3,745
Total
2024
£
602,335
115,000
56,546
42,656
816,538
Total
2024
£
19,128
-
-
-
19,128		 Total
2023
£
2,328
Total
2023
£
676,718
158,447
34,275
20,876
890,316
Total
2023
£
91,536
-
-
-
91,536

24

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

11. ANALYSIS OF GRANTS PAYABLE (CONTINUED)

Analysis of grants to institutions
Advice and support services
Aspire Ryde
Carer IW
Citizens Advice
Madaid
Reynolds and Read Westbridge Pleasure
Ukraine Outreach
West Wight
Health and inequalities
Aspire Ryde
West Wight		 2024
2023
£
£
3,463
6,927
-
8,850
-
8,220
-
10,000
-
-
1,000
-
14,087
6,926
18,550
40,923
-
-
-
-
-
-

25

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

12. ALLOCATION OF SUPPORT COSTS AND OVERHEADS

The breakdown of support costs and how these were allocated is shown below.

Advice and
support services
£
Wages and salaries
354,250
Pensions costs - defined contribution scheme
7,721
Training and recruitment
4,911
Rent, rates and water
6,584
Insurance
11,048
Light and heat
44,961
Telephone and postage
9,407
Printing and stationery
1,242
Advertising and promotion
746
Repairs and equipment hire
18,616
Computer and website
11,746
Cleaning and domestic
2,184
Travel and motor expenses
6,213
Consultants fees
3,847
Affiliation fees
18,777
Other expenses
11,559
Bank charges and interest
892
Depreciation
6,969
Legal and professional fees
6,588
Management charge
1,289
Governance costs (see note 13)
6,919
536,469		 Health and
inequalities
£
94,953
3,059
3,772
650
-
-
882
1,130
37
57
74
-
4,896
-
378
631
-
-
320
(10,921)
1,305
101,223		 Rural
services
£
41,834
1,085
453
-
-
-
52
1
1,094
-
1,320
-
571
-
201
-
-
-
6
9,200
729
56,546		 Transport
Total
Total
services
Other
2024
2023
Basis
£
£
£
£
39,452
-
530,489
535,988
Staff time
604
-
12,469
10,044
Usage
-
-
9,136
18,255
Usage
-
-
7,234
3,965
Usage
-
-
11,048
11,799
Usage
-
-
44,961
25,125
Usage
329
-
10,670
4,789
Usage
267
-
2,640
3,036
Usage
550
-
2,427
750
Usage
-
-
18,673
39,827
Usage
-
-
13,140
11,672
Usage
-
-
2,184
3,370
Usage
339
-
12,019
9,945
Usage
-
-
3,847
16,777
Usage
-
-
19,356
10,812
Usage
15
-
12,205
3,532
Usage
-
-
892
1,083
Usage
-
-
6,969
5,468
Usage
119
-
7,033
20,428
Usage
-
-
(432)
2,485
Usage
544
-
9,498
9,478
Usage
42,219
-
736,458
748,628

26

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13. ANALYSIS OF GOVERNANCE COSTS

Unrestricted
2024
£
Trustees expenses
-
Auditors remuneration
5,000
Auditors remuneration - non audit work
4,498
9,498		 Restricted
2024
£
-
-
-
-		 Total
2024
£
-
5,000
4,498
9,498		 Total
2023
£
-
9,028
450
9,478

14. ANALYSIS OF STAFF COSTS

Subsidiaries
£
Salaries and wages
495,590
Social security costs
33,298
Pension costs
8,703
537,591		 Charity
£
489,718
40,771

12,469
542,958		 Total
2024
£
985,308
74,069
21,172
1,080,549		 Total
2023
£
876,050
66,390
18,002
960,442

No employee received emoluments in excess of £60,000 (2023: None)

15. STAFF NUMBERS

The average number of full-time equivalent employees (including casual and part time staff) during the period was as follows:

Charity
Trading companies		 2024
Number
34
24
58		 2023
Number
31
22
53

16. TRANSACTIONS WITH MEMBERS OF THE BOARD

No trustee received emoluments in the period (2023: none). During the year no (2023: none) trustee was reimbursed out of pocket expenses.

27

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

17. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME FROM
Donations and legacies
8,242
Other trading activities
1,142,474
Investment income
3,553
Charitable activities
Advice and support services
180,194
Health and inequalities
-
Rural services
-
Transport services
17,370
Other incoming resources
2,180
Total
1,354,013
EXPENDITURE ON
Raising funds
Other trading activities
921,189
Charitable activities
Advice and support services
222,055
Health and inequalities
83,998
Rural services
434
Transport services
20,843
Total
1,248,519
Net income/(expenditure)
105,494
Transfers between funds
-
Net movement in funds
105,494
Total funds brought forward
374,068
Total funds carried forward
479,562		 Restricted
funds
£
9,199
21,793
-
495,612
89,915
33,840
-
148
650,507
-
454,663
74,449
33,841
33
562,986
87,521
-
87,521
300,802
388,323		 Total
2023
£
17,441
1,164,267
3,553
675,806
89,915
33,840
17,370
2,328
2,004,520
921,189
676,718
158,447
34,275
20,876
1,811,505
193,015
-
193,015
674,870
867,885

28

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

18. MOVEMENT IN NET FUNDS FOR THE YEAR

MOVEMENT IN NET FUNDS FOR THE YEAR
2024 2023
£ £
Movement in net funds is stated after charging/(crediting):
Auditor’s remuneration:
Statutory audit 5,000 9,028
Non audit services 4,498 450
Depreciation - owned assets 26,201 24,198
Goodwill amortisation - -
Operating leases – land and buildings 23,359 23,200
Staff pension contributions – defined contribution 21,172 18,002

19. TRANSFER BETWEEN FUNDS

The transfers from restricted to unrestricted funds relate to funds on which restrictions have been satisfied and therefore are no longer considered to be restricted funds after authority has been obtained from the funder to transfer the unspent balance. Transfers from unrestricted to restricted funds are to cover shortfalls on restricted funds.

20. INTANGIBLE FIXED ASSETS – GROUP ONLY

COST
At 1 April 2023
Additions
Disposals
At 31 March 2024
DEPRECIATION
At 1 April 2023
Charge for year
Eliminated on disposals
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023		 Goodwill
£
47,510
-
-
47,510
47,510
-
-
47,510
-
-		 Total
£
47,510
-
-
47,510
47,510
-
-
47,510
-
-

29

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

21. TANGIBLE FIXED ASSETS - GROUP

COST
At 1 April 2023
Additions
Disposals
At 31 March 2024
DEPRECIATION
At 1 April 2023
Charge for year
Eliminated on disposals
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023
TANGIBLE FIXED ASSETS - CHARITY
COST
At 1 April 2023
Additions
Disposals
At 31 March 2024
DEPRECIATION
At 1 April 2023
Charge for year
Eliminated on disposals
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023		 Land
and
buildings
£
157,069
-
-
157,069
134,351
6,038
-
140,389
16,680
22,718
Land
and
buildings
£
127,069
-
-
127,069
108,696
3,670
-
112,366
14,703
18,373		 Plant
and
machinery etc
£
537,877
11,423
(3,534)
545,766
497,990
14,666
(3,534)
509,122
36,644
39,887
Plant
and
machinery etc
£
333,803
7,642
(3,534)
337,911
328,377
3,299
(3,534)
328,142
9,769
5,426		 Motor
Vehicles
£
37,468
-
-
37,468
28,636
5,497
-
34,133
3,335
8,832
Motor
Vehicles
£
10,975
-
-
10,975
10,975
-
-
10,975
-
-		 Total
£
732,414
11,423
(3,534)
740,303
660,977
26,201
(3,534)
683,644
56,659
71,437
Total
£
471,847
7,642
(3,534)
475,955
448,048
6,969
(3,534)
451,483
24,472
23,799

30

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

22. INVESTMENTS – CHARITY ONLY

Investments represent the charity's shareholding in its trading companies, Island Community Ventures Limited, of 100 ordinary £1 shares and Riverside Ventures (Isle of Wight) Limited of 2 ordinary £1 shares.

SOCIAL INVESTMENTS
SOCIAL INVESTMENTS
Programme
related
investments
£
MARKET VALUE
Cost brought forward and carried forward
10,000
NET BOOK VALUE
At 31 March 2024
10,000
At 31 March 2023
10,000		 Totals
£
10,000
10,000 10,000
10,000 10,000

Community Action Isle of Wight have purchased 10000 shares at a nominal value of £1 each in Wight Community Energy Limited, a mutual co-operative society. The Charity's investment is being used to help fund the development of a new solar park at Homestead Farm, Shalfleet.

23. DEBTORS

Amounts falling due within one year:
Island Community Ventures Limited
Riverside Ventures (Isle of Wight) Limited
Sabirian CIC
Grants and other amounts receivable
Other debtors
Prepayments
Amounts falling due after more than one year:
Island Community Ventures Limited
Sabirian CIC		 Group
2024
£
-
-
-
119,814
21,743
1,864		 Group
2023
£
-
-
-
152,727
10,330
7,965		 Charity
2024
£
132,670
41,212
-
67,487
10,640
1,864		 Charity
2023
£
63,243
33,378
-
115,928
16
7,965
143,421 171,022 253,873 220,530
-
-		 -
-		 -
-		 48,427
-
143,421 171,022 253,873 268,957

24. CREDITORS

Trade creditors
Deferred income (see below)
Accruals
Hire Purchase
Other creditors
Amounts falling due after more than one year:
Hire Purchase
Bank loan		 Group
2024
£
45,225
-
14,696
-
15,174		 Group
2023
£
38,634
-
14,991
-
16,669		 Charity
2024
£
21,406
-
8,640
-
3,443		 Charity
2023
£
17,294
-
8,640
-
1,856
75,095 70,294 33,489 27,790
-
-		 -
11,694		 -
-		 -
-
75,095 81,988 33,489 27,790

31

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

DEFERRED INCOME (Continued)

Deferred income comprises general grants received for future financial periods.

Balance at 1 April
Amount released to incoming resources
Amount deferred in year
Balance at 31 March		 Group
2024
£
-
-
-
-		 Group
2023
£
-
-
-
-		 Charity
2024
£
-
-
-
-		 Charity
2023
£
-
-
-
-

25. OPERATING LEASE COMMITMENTS

The following operating lease payments are committed to be paid within one year:

Expiring:
Within one year
Between one and five years		 Group
2024
£
9,500
4,750
14,250		 Group
2023
£
9,500
14,250
23,750

26. ANALYSIS OF CHARITABLE FUNDS

Analysis of unrestricted fund movements

Balance at
01.04.2023
£
General fund
479,562
Community Law Service fund
-
Designated fund
-
479,562		 Incoming
resources
£
1,189,335
-
-
1,189,335		 Resources
expended
£
(1,223,381)
-
-
(1,223,381)		 Transfers
£
(139,215)
20,000
150,000
30,785		 Balance at
31.03.2024
£
306,301
20,000
150,000
476,301

32

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

26. ANALYSIS OF CHARITABLE FUNDS (CONTINUED)

Analysis of restricted fund movements

Balance at
01.04.2023
£
Helping hands grants
5,745
Community Grants Programme
180,000
Healthwatch
1,421
Short breaks - Active Living
(161)
East Cowes Youth Offer
13,265
Community Lead Housing
(231)
Pan and Barton Community
(15)
Community Led Housing Grant
2,375
Donations Refugee related
1,094
Additional Syrian Support
55,334
IOW Association for Spina Bifida
5,379
Schooling Syria Children
400
CEV Residents Optio Grant
(705)
ACRE Defra Rural
(3,761)
Afghan Resettlement project
1,873
Sudan Resettlement project
(10,007)
The National Lottery
13,892
Short Breaks Equipment Grant
705
East Cowes Youth Centre Citizen
264
Energise Me
(447)
Sandown Youth Fund
2,248
Health Engagement Alliance
44,735
Ukraine Welcome Grant
(1,415)
Ukraine Support Programme
43,162
Police and Crime Commissioner
21
Sandown Town Council
4,435
Lake PC - Youth Budget Grant
2,567
IWC - Homes Grant
4,419
Street Games UK
113
Sported UK - Boxing Tutor
-
HIWCF Youth Forum
8,073
Ukraine HIWCF and Donations
7,325
Sports Coach Education
6,220
Gloria Ininahazwe
-
Golf Foundation
-
Shanklin Council
-
Sports England
-
Community Law Service
-
Bee Well
-
388,323
867,885		 Incoming
resources
£
2,000
-
22,000
5,197
12,000
29
-
19,371
-
-
-
-
-
58,846
58,257
21,453
122,610
-
-
-
2,315
-
5,800
96,367
17,000
15,000
5,000
-
-
-
-
1,440
-
-
750
10,000
14,850
2,000
1,980
494,265
1,683,600		 Resources
expended
£
(3,088)
-
(21,348)
(5,105)
(12,126)
(2,876)
(22)
(15,326)
-
-
-
-
-
(55,817)
(37,063)
(18,839)
(111,891)
-
-
-
12,934
(32,942)
(3,692)
(137,272)
(17,332)
(15,665)
(5,000)
-
(130)
(251)
(8,277)
(5,632)
(6,453)
(159)
(399)
(10,000)
(11,059)
4,390
(527)
(520,967)
(1,744,348)		 Transfers
£
(134,000)
69
3,078
37
(5,379)
705
74,000
17
251
204
233
30,000
(30,785)
-		 Balance at
31.03.2024
£
4,657
46,000
2,073
-
13,139
-
-
6,420
1,094
55,334
-
400
-
(732)
23,067
(7,393)
24,611
705
264
(447)
17,497
85,793
693
2,257
(311)
3,770
2,567
4,419
-
-
-
3,133
-
(159)
351
-
3,791
36,390
1,453
-
330,836
807,137

33

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Group Consolidation Adjustment

Within the Community Grants Programme, £30,000 of the restricted grant monies received were granted to Sabirian CIC in 2019, a subsidiary of Community Action Isle of Wight. As intragroup income and expenditure is eliminated on consolidation of the group accounts the restricted expenditure is eliminated in the parent charity and the unrestricted income in Sabirian CIC is eliminated, giving rise in the group accounts to a higher restricted balance for this fund. This amount has been expended, with the standalone restricted charity figures supporting this in note 3, being £30,000 lower than the consolidated balance carried forward.

26. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Analysis of unrestricted fund movements

General fund Balance at
01.04.2022
£
374,068		 Incoming
resources
£
1,354,013		 Resources
expended
£
(1,248,519)		 Balance at
Transfers 31.03.2023
£
£
-
479,562
-
479,562
374,068 1,354,013 (1,248,519)

34

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Comparatives for movement in funds Analysis of restricted fund movements

Comparatives for movement in funds
Analysis of restricted fund movements		 Comparatives for movement in funds
Analysis of restricted fund movements
Balance at
01.04.2022
£
Helping hands grants
3,745
Community Grants Programme
180,000
Healthwatch
5,523
Short breaks - Active Living
-
East Cowes Youth Offer
14,820
Community Lead Housing
4,573
Pan and Barton Community
-
Community Led Housing Grant
962
Donations Refugee related
1,119
Additional Syrian Support
42,513
IOW Association for Spina Bifida
5,232
Schooling Syria Children
400
CEV Residents Optio Grant
(705)
ACRE Defra Rural
(3,760)
Afghan Resettlement project
(25,036)
Sudan Resettlement project
8,049
The National Lottery
34,424
Short Breaks Equipment Grant
(100)
Mental health & suicide aware
1,300
East Cowes Youth Centre Citizen Proje
272
Energise Me
5,073
Sandown Youth Fund
(221)
Health Engagement Alliance
25,000
Ukraine Welcome Grant
(2,015)
Ukraine Support Programme
(366)
Police and Crime Commissioner
Sandown Town Council
Lake PC - Youth Budget Grant
IWC - Homes Grant
Street Games UK
Sported UK - Boxing Tutor
HIWCF Youth Forum
Ukraine HIWCF and Donations
Sports Coach Education
300,802
674,870		 Incoming
resources
£
2,000
-
22,010
4,543
12,000
-
-
20,791
-
-
7,002
-
-
33,840
80,012
14,492
117,535
805
-
-
-
1,840
37,000
45,000
180,000
13,000
5,000
5,000
5,000
18,510
1,200
8,073
9,054
6,800
650,507
2,004,520		 Resources
expended
£
-
-
(26,112)
(4,704)
(13,555)
(4,804)
(15)
(19,378)
(25)
12,821
(6,855)
-
-
(33,841)
(53,103)
(32,548)
(138,067)
-
(1,300)
(8)
(5,520)
629
(17,265)
(44,400)
(136,472)
(12,979)
(565)
(2,433)
(581)
(18,397)
(1,200)
-
(1,729)
(580)		 Transfers
£		 Balance at
31.03.2023
£
5,745
180,000
1,421
(161)
13,265
(231)
(15)
2,375
1,094
55,334
5,379
400
(705)
(3,761)
1,873
(10,007)
13,892
705
-
264
(447)
2,248
44,735
(1,415)
43,162
21
4,435
2,567
4,419
113
-
8,073
7,325
6,220
300,802 (562,986) - 388,323
674,870 (1,811,505) - 867,885

35

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

26 MOVEMENT IN FUNDS - continued

See note 19 for transfers. Any funds in deficit have sufficient funding in the next financial year to fund this shortfall.

Helping Hands Grants: Small grants for individuals paid through referring agency such as housing association.

Community Grants Programme: A grants programme supporting the delivery of the My Life A Full Life Programme. This is the programme through which Island partners are trying to improve health outcomes and quality of life for older people and people with a long term condition.

Healthwatch: Healthwatch is the new consumer champion for issues related to the delivery of health and social care and Community Action is contracted to deliver its role with partners Citizens Advice Bureau and Help and Care.

Community Lead Housing : Community Action has been commissioned by the Isle of Wight Council to help with the delivery of their new Community Led Housing Programme made possible by monies from the government’s Community Housing Fund.

Community Transport: This is to support Community Action efforts to provide transport options to service users.

Syrian/Sudan/Afghan Resettlement Project: Funding was received from the Government via the Isle of Wight Council to support the settlement of a small number of refugee families.

Community Led Housing: Grants are grants made to support community groups to develop their knowledge and organisational capacity around the potential to take forward community led housing initiatives, paying for feasibility studies, legal costs and the like.

Donations - Refugee related: Donations received to support the settlement of Syiran refugee families.

IOW Association for Spina Bifida: Community Action is providing a support service to members of the Association for Spina Bifida and Hydrocephalus funded by the Association.

CEV Residents Grants: Community Action administered grants on behalf of the Isle of Wight Council, paid out to Town and Parish councils and community groups for support work during the Covid crisis.

New Lottery Resilence Fund: The National Lottery funding to support community capacity building work across the Island as it starts to recover from the Covid emergency.

East Cowes HAF: A school holiday project funded by the local authority supporting healthy activities and food provision.

Short Breaks Equipment Grant: A micro grant to fund the purchase of new equipment to support our Short Breaks Service for young people with a learning disability.

Mental health & suicide aware: A training project funded through the local authority Public Health team.

Energise Me: A project developing health and sporting activities on the island.

Sandown Youth Fund: Small grant to support regeneration development work in the Bay area.

Health Engagement Alliance: Funding to support the participation of the voluntary and community sector in the development of Population Health Management developments.

Ukraine Welcome Grant: Government monies being passported on to new Ukrainian arrivals.

Ukraine Support Programme: Funding received from the Government via the Isle of Wight Council to support the settlement of Ukrainians fleeing the war.

36

COMMUNITY ACTION ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

27. PENSION AND OTHER POST-RETIREMENT BENEFIT COMMITMENTS

The Charity operates a defined contribution scheme which was previously administered independently but is now administered by the Charity. The cost to the Charity for the year was £12,469 (2023: £10,044). The expected cost to the Charity in the coming year is approximately £7,000. The basis for allocating the liability and expenses between activities, restricted and unrestricted is the usage.

28. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed assets
Current assets
Current liabilities		 Unrestricted
funds
£
66,659
484,737
(75,095)
476,301		 Restricted
funds
£
-
330,836
-
330,836		 2024
Total
funds
£
66,659
815,573
(75,095)
807,137

29. RELATED PARTY TRANSACTIONS

During the year Community Action Isle of Wight charged The Footprint Trust, a charity, Trustee Ray Harrington-Vail is General Manager of £551 (2022: £4,218) for back office support and office rental and storage. At the year end there was £nil (2023: £nil1) due from the Footprint Trust.

Interest of £1,187 (2023: £4,112) was charged in the year on the loan to Island Communtiy Ventures Limited, a wholly owned subsidairy of Community Action Isle of Wight. At the year end a loan of £23,335 (2023: £111,670) was due from Island Community Ventures Limited. During the year sales totalling £5,389 (2023: £5,347) were made to Island Community Ventures Limited in respect of back office support and a further £35,670 (2023: £35,670) for management recharges. Purchases of £9,357 (2023: £7,494) were made from Island Community Ventures Limited.

During the year sales of £4,290 (2023: £4,206) were made to Riverside Ventures (Isle of Wight) Limited in respect of back office support. Purchases of £20,773 (2023: £8,448) were made from Riverside Ventures(Isle of Wight) Limited. At the year end a loan of £33,378 (2023: £8,696) was due from Riverside Ventures (Isle of Wight) Limited and there was a trade balance of £nil due to Riverside Ventures (Isle of Wight) Limited.

30. KEY MANAGEMENT PERSONNEL

The key management personnel of the parent charity, comprise the trustees and the Chief Executive Officer. The total employee benefits of the key management personnel of the charity were £54,360 (2023: £52,489). No trustees received remuneration as per note 16.

37