ISLAND ADVICE CENTRE
(A company limited by guaranteo)
(Reglstered No.: 03375266
(Charity No.: 1076857)
TRUSTEES, ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Kingston Burrowes Audit Ltd
Statutory Auditors
308 Ewell Road
Surbiton
Surrey
KT6 7AL

ISLAND ADVICE CENTRE
(A company limited by guarantee)
CONTENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Trustees, Annual Report
Independent Auditor's Report
9-12
Statement of Financial Activities
13
Balance Sheet
14
Notes to the Financial Statements
15-22

ISLAND ADVICE CENTRE
(A company limited by guarantee)
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and audited financial statements for the year ended
31 March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity name and registration numbers
Name:
Island Advice Centre
Company No.. 03375266
Charity No:
1076857
Board of Trustees
Katherine Wilson
Shabnam Sharmin
steve Lake
Chris Parsons
Thomas Siggers
Godline Pushparajan
Stephanie Dickinson
Hasan Chowdhury
Cathy Weir
Chair
Treasurer
(appointed on 23 August 2024)
(appointed on 20 September 2023)
Centre Manager
Sarah Sauvat
Registered Office and Principal Address
Island House
Roserton Street
London
E14 3PG
Auditor
Kingston Burrowes Audit Ltd
Statutory Auditors
308 Ewell Road
Surbiton
Surrey
KT6 7AL

ISLAND ADVICE CENTRE
(A company limited by guarantee)
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Icontd.
OBJECTIVES AND ACTIVITIES
Main objective and mission
The Centre's main objectives, in accordance with its governing document, are:
to provide by employing suitably qualified staff free housing, debt, welfare and
generalist advi￿ to poor persons resident in the isle of Dogs or nearby areas
to provide an ac￿Ssible Servi￿ in terms of location, disability and language
to provide home visits to persons with disabilities.
Main activities
To deliver its objective and mission, Island Advice offers one-off advice and information,
casework including representation at court and tribunals, training and pla￿MentS for advi
volunteers, and peer support to other front-line advice agencies.
servI￿s are provided through:
Weekly drop in sessions
Telephone advice service
Housing and debt clinics by appointment
Specialist advice and casework in welfare rights, housing & debt
Disability benefits tribunal representation
Outreach advice sessions at GP surgeries, East London Advanced Technology
Training {ELATh), and Bromley by Bow Centre
Development of capacity building, networking and information sharing, a referral-led
network (THCAN)
Advice work training and the accredited course Learning to Advise
Administrative and advice volunteer opportunities
NVQ Assessrnent in Advice & Guidance Level 3 & 4
1. Specialist casework= this includes:
a. Debt and Financial Capability advice funded by Local Comrnunity Fund Debt &
Money management (LCF D&MM) and Thames Water Trust.
b. Welfare Benefits casework and appeals funded by Local Community Fund
Welfare Rights Specialist work (LCF WR Specialist), London Legal Support Trust
and City Bridge Trust.
c. Housing advice and casework funded by Trust for London.
2. Advice volunteer training - includes our volunteer training project funded by LBTH,
NVQ assessments carried out by qualified staffs and funded by a mix of grants from
Canary Wharf Trust and fee payments by candidatesltheir employers, and training
sessions and workshops delivered to other agencies funded by East End Community
Foundation.

ISLAND ADVICE CENTRE
(A company limited by guarantee)
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
lcontd....
3. Generalist advice provision - delivered through drop in session, emails, telephone,
and appointments and outreach at ELATh and GP surgeries funded by Local
Community Fund (LCF) and Wakefield and Tetley
4. Peer Support and Coordination Work- this work consists of support for Tower
Hamlets Community Advice Network and coordination of referrals funded by Child
Society Coordinate Community Support.
OUR ADVICEAND CASEWORK
The advisers at Island Advice aim to take a holistic approach to client issues and will make
referrals to specialist advisers within Island Advice or to other agencies, where appropriate,
to help the client fully resolve their problems. This may include digital inclusion, money
management, English for Speakers of Other Languages (ESOL) classes, health related
groups, solicitors, and l or other support.
Welfare Benefits
Our advisers deal with hundreds of enquiries a year including advice about entitlement to
benefits, "better off calculations., incorrect decisions, reviews, mandatory reconsiderations,
appeals and tribunal hearings. Our work mainly consists of increasing peoples, income
through advice and support, by helping them to access their legal rights relating to their
entitlement(s) and local support provision often involving disputing incorrect decisions,
requiring complex casework and representation at tribunal hearings.
Housing
The housing crisis in London is becoming more and more evident each year, and as a result,
the demand for housing advice continues to grow.
The poor living conditions within social housing have become more prevalent, and Island
Advice had a considerable increase in requests from vulnerable clients suffering from these
conditions. This was especially true for social tenants, who experienced issues due to
overcrowding andlor medical conditions and disrepairs.
As more residents became eligible to claim Universal Credit, we found that its administration
often puts renters in further hardship as the payments cycle leads to arrears. and the
deduction for arrears is governed by Universal Credit. Furthermore, the assessments do not
always consider previous court orders or do not honour payment orders. As noted previously,
untidy tenancy issues especially in cases of relationship breakdowns or bereavement often
lead to miscalculation in housing costs entitlement.
The cost-of-living crisis led to considerable rent increases in the private sector and increases
in service charges in the social housing sector. No-fault evictions and repossession
proceedings due to increasing levels of rent arrears are also increasing.

ISLAND ADVICE CENTRE
(A company limited by guarantee)
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Icontd....
Debt
Island Advi￿ Centre is a licensed debt advice provider which provides specialist debt
casework. Our experienced caseworker is CertMAP qualified and an approved intermediary
for Debt Relief Order (DRO) applications.
Over the last year, we continued to offer advi￿ in debt matters including rent arrears, council
tax arrears, utility debts, benefits overpayments, and non-priority debts such as credit cards
and loan.
Our debt advi￿ approach is holistic, and our casework is extensive. We ensure we go
beyond the presenting point and address all underlying issues including ensuring income
maximization is considered and liability issues are explored.
Financial Capability
With the high costs of living, managing everyday bills have become difficult for many clients
whose finances have been stretched to the limit. We have been able to assist clients to
reduce their bills through financial capability intervention, and we have helped them access
discounts and assistan￿ funds.
Our most destitute clients have received emergency fuel and food vouchers and grants for
essentials goods during period of crisis, alongside assistance with their welfare rights
matters.
OUR OUTREACH SERVICES
Tower Hamlets Connect
A consortium, led by Age UK. continued delivering advice services in GP surgeries. As
partners of this consortium, we delivered advice sessions across six GP Surgeries. These
seNices help relieve pressures on GPS and other health professionals in busy health
centres.
East London Advanced Technology Training (ELATT)
Island Advice provides weekly term-time advice sessions to ELATT students during the
academic year to help them resolve benefits, housing, debt, and other issues of concern.
This relieves some pressure on students and supports them to complete their course of
studies.
Tower Hamlets Community Advice Network (THCAN)
Island Advice leads the Tower Hamlets Community Advice Network, which is a partnership of
local advice centres that work together to ensure Tower Hamlets residents have access to
free, high-quality advice and representation in social welfare law (welfare benefits, debt,
housing, employment, immigration, etc).

ISLAND ADVICE CENTRE
(A company limited by guarantee)
TRUSTEES, ANNUAL REPORT
FOR THEYEAR ENDED 31 MARCH 2024
Icontd....
Through THCAN. Island Advice provides:
www.thcan.org.uk website which has information on advice providers, factsheets, and
local organization contact details
a referrals portal
peer support and file reviews
welfare rights forums
volunteer placements
trainings and workshops
City & Guilds NVQ'S Level 3 & 4 in Advi￿ & Guidance
steering group meetings
newsletters
OUR TRAININGAND EDUCATION OFFER
Volunteer Training Project and Learning to Advise Certificate
Volunteers are one of Island Advice's most valuable assets; they help to deliver the much-
needed advice services we provide.
Through our Volunteer Training Project. training and development opportunities are provided
for volunteers and front-line workers in view of developing their skills and knowledge and
completing the Learning to Advise Course alongside relevant work experience. This enables
many of our volunteers to move into employment.
Advice Work Training Workshops
Island Advice also delivers advice work training workshops relating to benefits appeals,
housing issues, benefits overview, immigration, and employment.
City and Guilds NVQ in Advice & Guidance
Individuals also completed City & Guilds NVQ in Advi￿ & Guidan￿ level 3 or 4 during the
year 2023124 while working in local advice centres including First Love Foundations, Bromley
By Bow Centre, Account 3 and Island Advice Centre.
In collaboration with Bromley Insights, Island Advice Centre continued to deliver training
Courses to cohorts of specialisuhybrid Advice-social Prescribing Link Workers in the UK.
HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT
The trustees, when exercising any powers or duties relating to how the organisation
undertakes its work and spends the resources it raises always have due regard to the
Charity Commission's public benefit guidance.
Our charitable activities focus on the provision of free advice and advocacy to residents of
Tower Hamlets and surrounding areas. We incorporate the help of local volunteers both in
our management committee and service delivery.

ISLAND ADVICE CENTRE
{A company limited by guarantee)
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Icontd....
Therefore. the public benefit is twofold..
Firstly, by helping those in need to secure their statutory rights and entitlements and
empowering them through awareness and support. Without this support many of our
clients would suffer or continue to suffer various issues which are detrimental to their
well-being and the well-being of those under their care.
Secondly, through our volunteering opportunities, we up-skill residents and give them
the experience and skills needed to enter the job market and participate in the local
and wider economy. Many of our volunteers move on to paid employment both in the
advi￿ sector and in other areas.
ACHIEVEMENTS AND PERFORMANCE
During the year, Island Advice assisted over 2,200 clients and achieved over £1,750,000 in
positive outcome.
FINANCIAL REVIEW
Principal Funding Sources
Island Advice relies on charitable grants and statutory funding for its income. The
organisation has an ongoing strategy of applying for any available grants targeted for the
provision of social welfare law advi￿ from large statutory funders as well as smaller trusts
and foundations. The principal funding SoUr￿S in this year wore the National Lottery
Community Fund, London Borough of Tower Hamlets Community Fund (LCF), Trust for
London, London Legal Support Trust, East End Community Foundation,. other funders
included The Children's Society, Advice UK, and Wakefield and Tetley. At the end of the
reporting period the organisation was operating at a deficit.
Reserves policy
Trustees have established that in order to fulfil their responsibilities to staff and to minirnise
the risk of any breach of statute or organisational duty the organisation should hold sufficient
funds in reserve to meet the core costs for three months, equivalent to £101,500. Reserves
will be built up from unrestricted funds and the level of reserves wi15 be reviewed annually by
the Board. The total unrestricted funds at the year-end were £102,261 (2023: £116,981).
Investment policy
Any surplus funds will be held in low risk, secure investments such as the charities deposit
fund run by CCLA Investment Management Ltd. Additionally the organisation uses an
interest-bearing current account in order to maximise the value of any cash held.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Directors of the company are also the Trustees of the charity. The charity's goveming
document is a memorandum and articles of association dated 23rd May 1997 and updated
on 29th June 1999.
Island Advice Centre is a registered charity and a company limited by guarantee.

ISLAND ADVICE CENTRE
(A company limited by guarantee)
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Icontd....
Trustee appointment and training
Trustees are elected at the organisation's AGM. In addition, the board may, at its discretion,
make appointments to the Board between AGMS. The Board endeavours to ensure that its
rnembership covers a wide range of experience and skills and that the backgrounds of the
members of the Board reflect a balance that is appropriate to the charity's mission and
activities. New trustees are provided with appropriate information and access to relevant
training.
Organisational structure
Operational management of the organisation is delegated to the Centre Manager who takes
overall responsibility for the day to day running of the organisation, planning and strategy,
and implementing the directions of the Board. The Centre Manager is part of a senior
management team that includes the volunteer co-ordinator and housing, debt and welfare
benefits advice supervisors.
Involvement of volunteers
The board of trustees are volunteers drawn from the local comrnunity, the business sector,
other voluntary sector organisations and ex- advice staff and volunteers. The organisation
also uses local community volunteers and law students to assist in the delivery of advice
services and to carry out administrative support.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees {who are also directors of Island Advi￿ Centre for the purposes of company
law) are responsible for preparing the Trustees, Annual Report and the financial statements
in accordan￿ with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year.
Under company law the trustees must not approve the financial statements unless they are
satisfied that they 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 these financial
statements, the trustees are required to..
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP 2019 (FRS 102)"
make judgements and estimates that are reasonable and prudent.,
prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with
reasonable accuracy at any time the financial position of the charitable company and 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.

ISLAND ADVICE CENTRE
(A company limited by guarantee)
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Icontd....
In so far as the trustees are aware..
there is no relevant audit information of which the charitable company's auditor is
unaware., and
the trustees have taken all steps that they ought to have taken to make themselves
aware of any relevant audit information and to establish that the auditor is aware of
that infomiation.
The Trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable company's website. Legislation in the United Kingdom
governing the preparation and dissemination of financial statements may differ from
legislation in other jurisdictions.
AUDITOR
A resolution proposing the re-appointment of Kingston Burrowes as auditor to the company
will be put to the Annual General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating to small companies.
Approved by the Board of Trustees on 19th December 2024 and signed on its behalf, by
Katherine Wilson
Chair

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF..
ISLAND ADVICE CENTRE
(A company limited by guarantee)
FOR THE YEAR ENDED 31 MARCH 2024
Opinion
We have audited the financial statements of Island Advi￿ Centre (the 'charitable company,)
for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the
Balance Sheet and notes to the financial statements, 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 102 The Financial Reporting Standard applicable in the UK and Republic
of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 March
2024, and of its incoming resources and application of resources, including its income and
expenditure, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordan￿ with International Standards on Auditing (UK) (ISAS
(UK)) and applicable law. Our responsibilities under those standards are further described in
the Auditor's responsibilities for the audit of the financial statements section of our report.
We are independent of the charitable company 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 eviden￿ we have obtained is sufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements. we have concluded that the trustees, use of the going
concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties
relating to events or Gonditions that, individually or collectively, may cast significant doubt on
the char((able company's ability to continue as a going concern for a period of at least twelve
months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
Other information
The other information comprises the information included in the trustees, annual report, other
than the financial statements and our auditor's report thereon. The trustees are responsible
for the other information. Our opinion on the financial statements does not cover the other
information and, except to the extent otherwise explicitly stated in our report, we do not
express any form of assurance conclusion thereon.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF:
ISLAND ADVICE CENTRE
(A company limited by guarantee)
FOR THE YEAR ENDED 31 MARCH 2024
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 course of the audit or
otherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to determine whether this gives rise to a
material misstatement in the financial statements themselves. 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.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the trustees, report, which includes the directors, report prepared
for the purposes of company law, for the financial year for which the financial statements
are prepared is consistent with the financial statements,. and
the directors, report included within the trustees, report has been prepared in accordan
with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its
environment obtained in the course of the audit, we have not identified material
misstatements in the directors, report included within the trustees, report.
We have nothing to report in respect of the following matters in relation to which the
Companies Act 2006 requires us to report to you if, in our opinion:
adequate accounting records have not been kept, or returns adequate for our audit have
not been re￿iVed from branches not visited by us", or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of directors, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit., or
the trustees were not entitled to prepare the financial statements in accordan￿ with the
small companies, regime and take advantage of the small companies, exemptions in
preparing the directors, report and from the requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the trustees, responsibilities statement (set out on pages 7 and 8),
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
charitable company's ability to continue as a going COn￿rn, disclosing, as applicable,
matters related to going con￿rn and using the going concern basis of accounting unless the
trustees either intend to liquidate the charitable company or to cease operations, or have no
realistic alternative but to do so.
10

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF:
ISLAND ADVICE CENTRE
(A company limited by guarantee)
FOR THE YEAR ENDED 31 MARCH 2024
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as
a whole are free from material misstatement, whether due to fraud or error, and to issue an
auditor's report that includes our opinion.
Reasonable assurance is a high level of
assurance, but is not a guarantee that an audit conducted in accordan￿ with ISAS (UK) will
atways 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 specific procedures for this
engagement and the extent to which our procedures are capable of detecting i￿egUlar1ties,
including fraud is detailed below..
Enquiry of management and those charged with governance about actual and
potential litigation or claims and the identification of non-compliance with laws and
regulations.
Reviewing minutes of meetings of those charged with governance.
Reviewing financial statement disclosures and testing to supporting documentation to
assess compliance with applicable laws and regulations.
Auditing the risk of management override of controls. including testing journal entries
and other adjustments for appropriateness" and assessing whether the judgements
made in making accounting estimates are indicative of a potential bias.
Performing analytical prO￿dureS to identify any unusual or unexpected relationships
that may indicate risks of material misstatement due to fraud.
Professional $￿ptICisM in course of the audit and with audit sampling in material
audit areas.
Because of the inherent limitations of an audit, there is a risk that we will not detect all
irregularities, including those leading to a material misstatement in the financial statements or
non-compliance with regulation. This risk increases the more that compliance with a law or
regulation is removed from the events and transactions reflected in the financial statements,
as we will be less likely to become aware of instances of non-compliance. The risk is also
greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
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.uklauditorsresponsibilities. This
description forms part of our auditor's report.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF..
ISLAND ADVICE CENTRE
(A company limited by guarantee)
FOR THE YEAR ENDED 31 MARCH 2024
Use of our report
This report is made solely to the charitable company's mernbers, 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 auditor's 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
charitable company and the charitable company's members as a body, for our audit work, for
this report, or for the opinions we have formed.
Kevin Fisher BA FCA CTA (Senior Statutory Auditor)
For and on behalf of Kingston Burrowes Audit Ltd
Statutory Auditors
308 Ewell Road
Surbiton
Surrey
KT6 7AL
19tt) December 2024
12

ISLAND ADVICE CENTRE
IA company limited by guarantee)
(Company No: 03375266)
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
Cash at bank and in hand
12
26,074
132,002
63,667
126,580
158,076
190,247
LIABILITIES
Creditors
Amounts falling due within one year
13
33,800
51,302
NET GURRENT ASSETS
124,276
138,945
NET ASSETS
15
£124,276
£138,945
FUNDS
Restricted
Unrestricted
14
14
22,015
102,261
21,964
116,981
TOTAL FUNDS
14
£124,276
£138.945
The financial statements have been prepared in accordance with the special provisions for small
companies under Part 15 of the Companies Act 2006.
The financial statements were approved by the Board of Trustees on 19th December 2024 and signed
on its behalf by..
Katherine Wilson
Chair
The notes fom part of the financial ststements.
14

ISLAND ADVICE CENTRE
(A company limited by guarantee>
STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating Income and Expenditure Account)
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
Funds
Funds
Total
2024
Totsl
2023
Notes
Income from:
Donations and legacies
Charitable activities
Investments
75,861
2,141
353,315
429,176
2,141
408,565
768
Total
78,002
353,315
431,317
409,333
Expenditure on:
Charitable activities
92,722
353,264
445,986
395,159
Total
92,722
353,264
445,986
395,159
Net incomel(expendlture}
(14,720)
51
(14,669)
14,174
Transfers be￿een funds
14
Net movement in funds
(14,720)
51
(14,669)
14,174
Reconciliation of funds:
Total funds brought fO￿ard
14
116,981
21,964
138,945
124,771
Total funds carried forward
14
£102,261
£22.015 £124,276 £138,945
All income and expenditure derive from continuing activities.
The Statement of Financial Activities includes all recognised gains and losses.
The notes form part of the financial statements.
13

ISLAND ADVICE CENTRE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
General information and basis of accountlng
Island Advi￿ Centre is a registered charity {no. 1076857) and a private company (no.
03375266) limited by guarantee, registered in England and Wales. Each member is liable to
contribute an amount not exceeding £1 in the event of the charitable company being wound up.
The registered Offi￿ is given in the Trustees, Annual Report on page 1.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements
have been prepared in accordance with Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October
2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and United Kingdom
Generally Accepted Accounting Practice.
The financial statements are prepared on a going con￿rn basis and under the historical cost
convention. The significant accounting policies applied in the preparation of these financial
statements are set out below. These policies have been consistently applied to all years
presented unless otherwise stated.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the
Trustees in furtherance of the general objectives of the charity and which have not been
designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions
imposed by donors or which have been raised by the charity for particular purposes. The costs
of raising and administering such funds are charged against the specific fund.
Incoming resources
Items of income are recognised in the financial statements when all of the following criteria are
met..
The charity has entitlement to the funds"
any perf0rrnan￿ conditions have been met or are fully within the control of the charity"
there is sufficient certainty that receipt of the income is considered probable; and
the amount can be measured reliably.
Where grants are awarded over a specified or implied timeframe, the income is recognised
evenly over the grant period. A Contingent asset is disclosed for the unrecognised amount of
multi-year grants.
Resources expended
Expenditure is recognised once there is a legal or constructive obligation to make payment to a
third party, it is probable that settlement will be required and the amount can be measured
reliably.
Expenditure is allocated to each activity where the costs relate directly to that activity. Support
costs, including governance costs, that do not relate directly to any activity are apportioned to
each activity on the basis of staff time.
15

ISLAND ADVICE CENTRE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Icontd..
ACCOUNTING POLICIESlcontd...
Fixed assets
All assets costing more than £1,000 are capitalised. The costs of assets less than £1,000 are
charged to the Statement of Financial Activities in the year of purchase. Depreciation is
charged so as to write off the cost over the estimated useful life at the following rates:
Computer Equipment
330/0 Straight line
Operating leases
Rentsls applicable to operating leases where substantially all of the benefits and risks of
ownership remain with the lessor are charged to the Statement of Financial Activities on a
straight line basis over the period of the lease.
Pensions
The Charity operates a defined contribution pension scheme. Contributions payable to the
scheme are charged to the Statement of Financial Activities in the period to which they relate.
Debtors and Creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are
recorded at transaction pri￿.
Any losses arising from impairment are recognised in
expenditure.
INCOME FROM DONATIONS AND
LEGACIES
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Donations
£Nil
£Nil
£Nil
£Nil
INCOME FROM CHARITABLE
ACTIVITIES
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Grants and contracts:
Specialist casework
Advice volunteer training
Generalist advice provision
132,509
49,586
171,220
132,509
62,086
234,581
153,583
88,969
166,013
12,500
63,361
£75,861
£353,315 £429,176 £408,565
Of the £408,565 recognised in 2023, £93,333 related to unrestricted funds and £315,232 related
to restricted funds.
16

ISLAND ADVICE CENTRE
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Icontd...
INVESTMENT INCOME
Unrestricted Restricted
Funds
Funds
Total
2024
Totsl
2023
Bank interest
£2,141
£Nil
£2,141
£788
All of the £768 recognised in 2023 was unrestricted funds.
ANALYSIS OF EXPENDITURE ON
CHARITABLE ACTIVITIES
Direct
Costs
Support
Costs
Total
2024
Total
2023
Staff costs
Direct project costs
NVQ assessment and materials
Premises costs
Payroll seNices
Volunteers, expenses
Professional fees
Subscriptions and insurance
ststionery, postage, and copier
Telephone and internet
Bookkeeping and finance
Training and recruitment
Sundry expenses
Travel costs
Publications
Computer expenses
Governance cost (note 7)
280,047
36,198
8,697
1,458
480
215
55,580
335,627
36,198
8,697
25,844
635
656
10,603
6,416
5,354
4,804
3,000
1,209
1,202
380
250
320,594
7,805
7.139
21,583
450
449
6,633
5,757
4,278
4,093
3,702
2,538
686
37
422
4,798
4,197
24,386
155
441
10,603
6,416
5,354
4,804
3,000
1,209
1,202
380
250
5,111
5,111
£327,095
£118,891 £445,986 £395,159
Of the £395,159 expenditure recognised in 2023, £86,957 was charged to unrestricted funds
and £308,202 was charged to restricted funds.
EXPENDITURE ON CHARITABLE
ACTIVITIES
Direct
Costs
Support
Costs
Total
2024
Total
2023
Specialist casework
Advice volunteer training
Generalist advice provision
109.531
47,936
169.628
25,817
13,447
79,627
135.348
61,383
249,255
146,553
88,969
159,637
£327.095 £118,891 £445,986 £395,159
17

ISLAND ADVICE CENTRE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Icontd...
GOVERNANCE COSTS
2024
2023
Staff costs
Auditor's remuneration
2,611
2,500
2,397
1,800
£5,111
£4,197
NET INCOMEIIEXPENDITURE
2024
2023
The net incomel{expenditure) for the year is stated after charging..
Auditor's remuneration
Operating lease rentals
£2,500
£17,564
£1,800
£15,625
STAFF COSTS
2024
2023
Wages and salaries
Social security
Pension costs
290.599
22,667
22,895
279.492
22,911
20,588
£336,161 £322,991
2024
No.
2023
No.
Average number of full-time equivalent employees
2024
No.
2023
No.
Average monthly number of employees
10
10
No employee received total employee benefits (excluding employer pension costs) amounting
to more than £60,000 in either year.
Total employee benefits received by Key Management amounted to £52,223 (2023.. £47,934).
Under FRS 102, employee benefits incudes gross salary, employerfs NIC and employer's
pension contributions.
18

ISLAND ADVICE CENTRE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Icontd...
10. TRUSTEES, REMUNERATION AND EXPENSES
The Trustees received no remuneration during the financial year 2024 or 2023.
One of the trustees {2023: Nil) was reimbursed for travel expense of £73 (2023.. £Nil) during the
financial year.
There were no related party transactions in either year other than those disclosed in Note 9.
11. TANGIBLE FIXED ASSETS
Computer
equipment
Cost
As at 1 April 2023 and at 31 March 2024
7,612
Disposals
(7,612)
Depreciation
As at 1 April 2023 and at 31 March 2024
7,612
Disposals
(7,612)
Net book value
As at 31 March 2024
£Nil
As at 31 March 2023
£Nil
12. DEBTORS
2024
2023
Prepayments and accrued income
£26,074
£63,667
13. CREDITORS- Amounts falling due within one year
2024
2023
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
16,660
10,690
5,700
750
43,665
137
7,500
£33,800
£51,302
19

ISLAND ADVICE CENTRE
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Icontd...
2024
2023
DEFERRED INCOME ANALYSIS
Balance brought forward
Additions during the financial year
Amounts released to income from previous year
35,389
5,000
(35,389)
23,750
35,389
(23,750)
Balance carried forward
£5,000
£35,389
Deferred income of £5,000 (2023: £35,389) included above relates to grant income re￿iVed
during the financial year but relating to future accounting periods.
14. MOVEMENT IN FUNDS
Transfers
bebNeen
funds
Brought
forward
Carried
foTward
2024
Income
Expenditure
Restricted Funds
Specialist Casework
LCF- D&MM
LCF- Welfare Rightst
City Bridge Trust-
Welfare
Trust for London
Housing
Thames Water Trust
Water Debt
East End Community
Foundation
Lottery Funding
Advice Volunteer Training
Church of England's
Children Society
London Borough of
Tower Hamlets
Generalist Advi￿ Provision
LCF
Wakefield and Tetley
London Legal Support
Trust
Advice UK
621
831
621
831
680
{680)
2,008
41,500
(43.458)
680
730
1,770
(1,770)
7,030
25,000
91,009
(23,678)
{91,890)
8,352
889
1,770
130
20,419
(20,549)
29,167
(29,167)
8,817
77
85,239
14,970
(93,464)
(15,047)
592
31,011
15,000
(31,011)
(5,000)
10,000
Total Restricted Funds
21,964
353,315
(353,264)
22,015
Unrestricted Funds
General
116,981
78,002
{92,722)
102.261
TOTAL FUNDS
£138,945 £431,317 £ (445,986)
£Nil £124,276
Each of the above funds is described in the Trustees, Annual Report.
20

ISLAND ADVICE CENTRE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Icontd...
14. MOVEMENT IN FUNDSlcontd...
Comparative information for the net movement in funds in the previous year is as follows:
Transfers
befween
funds
Brought
forward
Carried
forward
2023
Income
Expenditure
Restricted Funds
Specialist Casework
LCF- D&MM
LCF- WR Specialist
City Bridge Trust-
Welfare
Trust for London -
Housing
Thames Water Trust
Fund - Water Debt
East End Community
Foundation - UC
Project
London Legal Support
Trust
Advice Volunteer Training
The Church of England
Children's Society
London Borough of
Tower Hamlets- VP
Generalist Advice Provision
LCF-Lap8
Wakefiled
London Legal Support
Trust
other
621
831
9,434
9,434
(9,434)
{9,434)
621
831
680
25,600
(25,600)
680
2,008
40,500
(40,500)
2,008
1,770
20,056
(20,056)
1,770
23,606
(16,576)
7,030
24,953
(24,953)
130
26,419
(26,419)
130
50,000
(50,000)
8,817
77
75,480
9,750
(75,480)
(9,750)
8,817
77
(8,744)
(150)
8,744
150
Total Restricted Funds
6,040
315,232 (308,202}
8,894
21,964
Unrestricted Funds
General
118,731
94,101
(86,957)
(8,894) 116.981
TOTAL FUNDS
£124,771 £409,333 £ (395,159)
£Nil £138.945
21

ISLAND ADVICE CENTRE
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Icontd...
15.
ANALYSIS OF NET ASSETS
BETWEEN FUNDS
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
Funds
2024
2024
Current assets
Current liabilities
114,052
(11,791)
44,024
(22,009)
158,076
(33,800)
As at 31 March 2024
£102,261
£22,015
£124,276
Comparative information for the analysis of net assets bel￿een funds in the previous year is as
follows..
Unrestricted
Funds
2023
Restricted
Funds
2023
Total
Funds
2023
2023
Current assets
Current liabilities
132,894
(15,913)
57,353
(35,389}
190,247
(51,302)
As at 31 March 2023
£116,981
£21,964
£138,945
16.
TAXATION
As a registered charity, Island Advice Centre is exempt from taxation under Part 11 of the
Corporation Tax Act 2010 and Section 256 of the Taxation of Chargeable Gains Act 1992.
17.
COMMITMENTS
The total minimum lease payments due under non-cancellable operating leases are as follows..
2024
2023
Within one year
Within two and five years
7,970
7,970
1,571
£7,970
£9,541
18.
CONTINGENT ASSETS
The charity has been awarded several multi-year grants with perforniance-related conditions or
specifiedlimplied timeframes which preclude recognition of the full amount. As at 31 March
2024 the charity had contingent assets of £546,571 (2023.. £333,391).
22