REGISTERED COMPANY NUMBER., 06057797 (England and Wales) REGISTERED CHARITY NUMBER: 1118711 REPORT OFTHE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR AGE CONCERN ISLE OF WIGHT Bright Brown Limited Chartered Accountants Statutory Auditor Exchange House St. Cross Lane Newport Isle of Wight P030 5BZ
AGE CONCERN ISLE OF WIGHT CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report ol the Trustees I to 13 Report of the Independent Aud5tors 14 to 17 stateinent of FlnancSal Activltles Balance Sheet 19 Cash Flow Statement 20 Notes to the Cash Flow Statement 21 Notes to the Flnanclal Statements 22 to 36 Detalled Statement of Financlal Actlvltles 37 to 38
AGE CONCERN ISLE OFWIGHT {REGISTERED hlUMBER: 06057797} REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present thelr report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accountlng and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the LIK and Republic of Ireland IFRS 1021 (effective l January 20191. OBJECTIVES AND ACTIVtTIES Our Vlslon The Age UK Isle of Wight's vision is to work in partnership to enable older people on the Isle of Wight to Ilve well, ndependently, while not feeling isolated or lonely. Our Mlsslon We will work wrth others to offer services that enable independent IEng, We aspire to be innovators, always adaptable, aglle and responslve to the needs of older Islanders. OUY Alms and ObJoctlves The Charity Objocts promote the following purposes for the benefit of the publlc and/or older people wlthin the Isle of Wight: o prtventing or relievlng the poverty of older people,. advancing educatlon; preventing or relieving slckness, dlsease or suffèrlng (whether emotional, mental or physicall,. promoting equallty and dlversity,. promotlng the human rights of older people in accordance with the Unlversal Declaration of Human Rights,. asslsting older people in need by reason of ill-heèlth. social exclusion or other disadvantage; and such other charltable purposes for the benefit of older people as the Directors from time to tlme decide,. the outcome of this being the promotlon of the well-belng of older people. Our activitles fully reflect the Vision, Purpose, Aims and Objectives that the charity was set up to further, Our Strateglc Dlrertion The Charlty adopled a 3-year strategy in April 2023, to navigate the ever-chan8ln8 external environment and flnancial challenges both natlonally and locally. With funding harder to achieve, we have continued to review our operational model and restructure to ensure the charity remained sustainèble, whilst ensuring older Islanders continued to be supported by the Charltles 5ervices.Slmultaneous work is continuing on a new national strategy by Age UK and going foiward this will influence our strategy as a network partner and help shape and Euide our activitles and prloiities in future. The focus of our work in Z023-24 and ensurln8 it delivers our alms. Our work in 2023-24 continued to dellver services to Islanders that included: Core charitable activltles: Advice, slgnposting and Information Welfare benefit checks and support to claim these Volunteer befrlending Good NeiEhbour Scheme Health and Soclal Care Commissioned Activities: Hospital Discharge Support to include the Crisis Team and Hospital IDT Community Unit and the Gouldings Activities Coordinator Older Persons Mental Health Navigation Servi Page I
AGE CONCERN ISLE OF WIGHT {REGISTERED NUIVIBER: 06057797) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Commlssloned Incluslon seNlces for older residents: Digital Inclusion Project funded by Reachlng Communities Funding Digital Champions Project Our Income generatlng services: o JustAbout You IJAYI Help at Home Throughout the year the Trustees and the Senior Leadership Team reviewed these activities to ensure they were fit for purpose in meeting our aims and objectives and aligned wlth Our Vlsion and Purpose. Thls regular scrutiny looked at what has been achieved, the beneficial impact on our clients and community, and where we mlght improve. It also identifled areas where there was unmet need that underpSnned our strategic planning for the year. Age UK Isle of Wight continues to support in the following way5- Providing 5,OLKJ hours of volunteer befrlending telephone calls to older people, Includlng 162 new clients belng referred to the servlce. Exp<inding our digital incluslon prolect and providing 808 digital support sesslons to oldpr resSdents. o The Older Persons Mental Health Navigation SeNice which is linked to the Memory SeNice and Social Care partners supports cllents both pre and post dlagnosis. This servlce supported 1,964 clients and recelved 1,103 new referrals within the year. Embedded within the Integrated Discharge Team at St. Mary's Hospltal the Hospitsl Navlgatlon Service ensure that patients can be safely discharged home, or kept physically, 50cially, and cognitively engaged whllst awaltlng safe discharge. The Activities Coordinator provldes meaningful activities wlth patients in the Hospitsl Communlty Unit and the Gouldings Day Hub. How our actlvltles dellver publlc benefit Age VK Isle of WiRht Trustees have referred to the advice contained in the Charity Commlsslon's general guidance on public benefit when revlpwing our objectives and in planning for future actlvity. Trustee5 consider that our activlties reflect our aims and objectives and are designed to deliver accessible services and activities that benefit the appropriate sectlon of the publlc In accordance with our charitable oblectlves. Who used and benefitted from our servlces and projects? Our objects and lunding Streams restrict the seiceS we provide to those residents on the Isle of Wlgh¢ although Indlrectly our services also support relative5. carers and frrends livlng on the mainland. Our prSmary beneficlaries are those aged 50 and over, however our articles enable us to work with all persons on the Island preventing or relievlng sickness. disease or suffering (whether emotlonal, mental or physical). In 2023-24, Age UKIW portfolio of services delivered support to 4,801 dients, many of these clients accessed more than one seTVÈCe. There are over 41,OOIKJ people over the age of 65 living on the Isle of Wight. The 2021 eensus shows the Isle of Wi8ht population 15 significantly older than the England average. 29.3% of Islanders 65+ compared to 18.4% elsewhere in England, representing a 27% Sncrease slnce the 2011 census. These figures are predicted to Erow to 34% by 2030. particularly in the 60-69 and 80+ age ranges. In 2023-24 0 55% of our clients disclosed to us that they live alone. 0 69% of our accessing clients fall In the age 79- 89 years category. Page 2
AGE CONCERN ISLE OF WIGHT {REGISTERED NUMBER: 06057797) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OWECtIVES AND ACTIVITIES Geography: The Island is a Unitary Authority and Health and Social care artivities are delivered in three l(xalities, aligned with the three Primary Care Networks: Northeast Wlght. South Wlght and West and Central Wight, and we support across all locality areas. Addltlonal HÈalth ChallÈnge5 67% of Dtjr cllents have disclosed that they are Ilving with a long-term health condition. most commonly a physltal disability. Accessibility to our servite5 is a priority, we offer telephone services and home visits to meet individual client needs. ACHIEVEMENT AND PERFORMANCE Review of actlvltle5 Durlng 2023-24, our activlties have continued to reach and provide benefit to a slgniflcant number of older people on the Island. As part of an analysis of the Charlty's business model and funding streams we have drawn distinctions between the followlng areas of act5vlty for public benefit,. o Core charltable artivities. o Health and Social Care Commissloned activities. Commissioned Inclusion services for older residen Income generating services. March 2023 saw the ending of Funding provided by the Big Lottery Fund for the Good Mentoring Programme. Our Core Charltable Servlces Informatlon, Advlce and Slgnpostln8 We provided independent, impartial. and confidential informatlon and advice to enable people to make informed declslons, access the support that they require, whether from us or system partners, and exercise maximum control over their lives. Access to the service was through telephone enquiry, appointments, outreach events and home vlslts. Thls service is contracted in partnership with Clt12ens Advlce Isle of Wight funded through the IOW Councll. In 2023 this service wa5 reviewed and restructured due to a reduction In fundin& thls resulted in the loss of 5 staff. From April 2023 to March 2024, we responded to 15,084 phone calls dlrectly into this service alone, thi5 clearly evldences the need for support for older island residents including families and carers. Providing such a vital service remain5 challenging with less staff to respond, however we continue to do so in diificult circuinstances. We had the privilege of assisting over 1.750 Indlviduals. the service provided more support to female clients With the largest proportion of serwce users aged between 71 and 90. Funding for this service in 2023-24 comprised a comblnation of: sub-contract funding from Citizen's Advice IOW. as part of Isle Help IOW Councll fundin& core fundingfrom Age UK charitable donations Welfare Benefit Ch@ck5 and Support to Claim entitlements". Sadly, this service ceasÈd In June 2023 due to the funding comin8 to an end with no further funds available. Page 3
AGE CONCERNISLE OF WIGHT (REGISTERED NUMBER: 0605TJ97) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Good Neighbour Scheme- volunteer befriending The award-winning Good NeiEhbour Scheme is a cornerstone of our charitable service5, Our Volunteer5 provide frlendship and rellable Support for local older residents who are often isolated or lonely. Our volunteers provide vital support and companionship throuEh- o Face to face befriendSnE,' visiting those who feel lonely or isolated for a cup of tea and a chat, or out51de in the fresh alr perhaps in the park for a short walk. Telephone befriendinE; calling regular residents to either have a catchup or simply for a wellness check to ensure they are doing ok. o Relatlonship building; helplng someone to regain confidence after Illness or bereavement. o Slgnposting to vital information and servi5 either provided by Age UKIW or other local providers and actlvlties that will support their health and wellbeing. In 2023-24 on average the Good Neighbour Scheme supported 174 people a month. for some, this mlght be the only regular Interaction they have. The service provided more support to female clients wlth the largest proportlon of service users being aged 71 to 100. The Good Neighbour Schome Volunteers supporled 10,774 support calls to older island resldents of those calls, 5.051 were belrlending phone calls. 3.755 were a visit to the home and 845 were accompanied an older person out into the communitv. Volunteers also tarried out 387 vlsits which supported transport to medical appolntments, prescrlption collection and shopping. Health and Soclal Care Commlssloned Actlvltles: Hospltal Based Senii¢es: Age UKIW has contlnued worklng In partnershlp wlth IOW NHS Trust to provide seryices and actlvitles to support the Inte8rated Dlscharge Team IIDTI. With a focus on enabling healthy and safe discharge home. and preventing admisslon to hospltal when unnecessary, we have become a key partner in the IDT. Whilst there are three separately funded projects, we have delivered these as a seamless service- Project l. To provide an Activities Cooidinator at the Hospital Community unit, We provide social, physical and cognitive attivities to enable clients to maintain their health and wellbeing whilst awaiting discharge home with an appropriate care package or to a residentlal placement. Project 2. Our Care NaviEator5 work on community wards at the hospital supportlng dlscharge for patients who aro medically flt to leave hospltal. Ensuring that clients and carer5 are aware of appropriate services and activitie5 available to them in their communities and are confident In accessing this SUPPDrt On home. Project 3. To provide Care N8vlgation support to the Cri515 team at St Marfs Hospital, with community support staff. enabllng people to stay at home and avoid hospltal admittance where approprlate. The Care Navigators have received 1,625 patients In 2023-24, the vast majority are female and over the age of 70, these figures refer to projects 2 and 3. Page 4
AGE CONCERN ISLE OF WIGHT (REGISTERED NUMBER: 06057797) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Older Persons Mental Health Navl8ators The Dementia Navigators Service was renamed due to change5 in the funding stream. Thi5 SeFVi wa5 designed jointly with Adult Social Care, the NHS and other Voluntary Sector Partners to ensure it was able to fill a gap within Memory Services and the pathway for diagnosis of Dementia. This service is fulty embedded within the Dementia Strategy. Older Persons Mental Health Navigators promote Self-cOnfiden to increase a person's sense of health and wellbelng. They help to improve quallty of Ilfe, maintaln independence and support indivlduals and the famlly of those who have had a diagnosis of Dementia and those who are waiting for assessment. In 2023-24 the service received 1103 referr31s: thi5 included a slightly higher split of female to male clients. The majority of the clients supported were aged between 71 and 90. The number of clients supported aged 91 to 100 was 522. Age UKIW support individuals aged 50 and over. however In 2023-24 the Older Personas Mentsl Health Navigators supported individuals dlagnosed wlth Dementlo or a cognitive impairment and supported 20 clients aged 41 to 50, Additlonally, this seNice manages a conslant open case load of cllents, stepplng the clients down from the servl when appropriate to do so dependent on dlent needs. Commlssloned Incluslon services for older resldents Reachlng Communltles Project The Reaching Communlties project funded by the Big Lottery Fund, dellvered the Digital Inclusion ProJect whlch ended in March 2023. The Digltal Incluslon Project supported older residents through Group workshops delivered across the Island covering topics such as online safetyi shopping onllne, and access to medical services. One to one support was also provlded In person and remotely to support older resldents bulld their skills and confldence. Our Digltal Incluslon prolett engaged with 2,8C(J people to improve thelr dlgitsl skills in 2023-24. The seNlce provided more support to female clients where the largest proportion of seivlce users were aged 71 to 90. Digital Champlons project The Digital Champlons project funded by Age UK National ended In June 2023. The project extended the reach of the Dlgital Inclusion project by providing funding for more dlgital workshops and home vislts, recruitment of addltional digital volunteers and staff for Increased outreach events to pmmote the dlgital inclusion servlces. Digltal Volunteers provided over 750 hours of 5UPPOrt within the community. Dignity in Every Pack Project With funding from Coftnect4Communities, Age UK Isle of Wlght provided £45.000 worth of continence and dlgnlty suppoiting products to Island residents, free OF charge, 51gnificantty improving the accessibility of these products in the community. 1,000 packs, each with a range of products valued at £45, were distributed across the Isle of Wight. supporting households with resldents over the age of 50. Within each pack, individuals received a variety of products to provide hyglene and dignlty to those with continence challenges and a guide of how to navigate thelr continence journey advising them how they can access these products throuBh the NHS. We successfully collaborated with 37 organisations and charities across the Island to distribute these packs, with many more assisting in promoting and signposting our efforts. serv15 that we charge for Alongside our charitable activity, and services funded by grants or through public sector contracts, the Charity delivers Servi5 where a charge 15 made to the individual. As follows.. Page 5
AGE CONCERN ISLE OF WIGHT {REGISTERED NUMBER: 06057797) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Just About You {JAY) To enable older people to maintain their Independen and stay active In their communities. Just About You provides Support Workers to undertake essential domestlc tasks that clients are no longer able to do for themselves. Thls may include shopplng, cleanin& laundry, food preparation and sitting. Clients are aged from 50 years, and they decide how many hours of their Support Workers time they wish to purchase each week. Just About You IJAYI is one of our longest-standlng services and the service deltve¥ed 27,326 visits and rèceived 262 cllent referrals during 2023-24. The SeICe provided more support to female clients with the largest proportion of service users were a8ed 81 to 90. OTHER VITAL INCOME GENERATING AcfiviTY TO GENERATE A MIXED INCOME ECONOMY: Fundra151ng actlvltles Age UKIW has been registered with the Funding Regulator since Marth 2018 and adheres to the regulators Fundralsing Promlse and Code of Conduct. Age UKIW has not recelved any complalnts with regards to Its fundraislng activlties durlng the 2023-24 financlal year. All fundraising activitles comply wlth General Data Protection RegulatSons. Age UKIW'S longstanding Fundraising Manager left the Charlty in April 2023 and belng able to replace th55 post proved challenging. A revlew of the Fundralslng department was undertaken. and the importance of applying for longer term funds to ensure our sustainability was identified. Trustees agreed to use an external organisation to build a 'case for support, and to undèrtake prospect research for funding opportunities to strengthen the charity's fundraislng position In such a competitive environment. Annual donation campaigns contlnued and in totsl the Charity received E33.30012023: £67,9101 in donations and £67,26912023.. £126,868) In legacy donations. FINANCIAL REVIEW Flnanclal positron Incoming unrestricted and restrlcted resources for the year, available for charitable application were respectively, £799,792 and £669.225 12023.. £737,504 and £706.430). Unrestricted and restricted expenditure amounted to £842.526 and E743,59312023.' £956.550 and £841.0121. Unrestricted and restrlcted funds carried forward at the end of the year amounted to £890,477 and £207.880 reSpectIveI2023. £974,265 and £241.1951. The In-year deftclt of £117,102 Includes a deficit on restricted funds of E33,315. Unrestricted income can be used to support the charity to achleve its charitable objective5, however the spend of restricted funds is limited to specific projects. Princlpal fundSng source5 Independent Living Service, Just About You - £601,329 Cllnical Commissioning Group ICCG)- £404,420 Big Lottery- £137,882 Investment policy After prudent allocatbon of reserves for good governance. and commitment to an average of 3 months liquiditv available at all tlmes, there are few funds remaining for lonE-term investment. However, Trustees remain committed to maintain, and If possible, enhance the value of the invested funds taking a balanced risk approach through due diligence. It remains partlcularly important to ensure that reserve5 do not erode over tlme because of the effect of intlation. Age UKIW seeks to minimise the level of risk inherent with achieving the objecttves set out above, by holding a dlverslfied investment portft)lio with an overall low risk. A review of the Investment poliry is undertaken annually by the Finan and Risk Committee and any risk to the Charity is mitigated by investing the Charity's funds in different bank accounts rather than an Investment portfollo. Page 6
AGE CONCERN ISLE OF WIGHT (REGISTERED NUMBER: 06057797) REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Reserve5 poIIcy The Finance and Rlsk Committee annually review the charity's requirements for reserve5 in light of the main risks to the organlsatlon, making a recommendatlon that 15 ratified by the whole Board. Age UK IW trustees have used a simplified approach in Setting a minlmum level of reserves for the charity. Trusteès have consldered: The risk of unforeseen emergency or other unexpected need for funds, e.g. an unexpected large bill or an urgent project that needs to be funded. o Covering unforeseen day to day, e.g. temporary staff to cover long term absences. o A source of income not belng renewed as funds might be required to give trustees time to take action if income falls below expectations, Planned commitments, or designations, that Cannot be met by future income alone, e.g. major asset purchases, The need to fund short term deficits in a cash budget. e.g. money may need to be spent before gfant l income is received, It is the policy of the charity to maintaln unrestricted funds, whlch are the free reserves avallable to the Charlty. at a minimum level of 3 month5 and a target level of 4 months unrestricted expenditure In order to be confident of maintainlng the essentlal work of the Charlty In the event of a signiflcant drop In funding and to avoid cash flow problems. Budgeted expenditure for 2023-24 15 1.65 million so the charity is now achieving Its target free serveS level. The overall reserves of the Charity held at 31 March 2024 amounted to £1,098.357 of which £207,878 was held for restrScted purposes. Unrestricted reserves of £230.281 represent fixed assets and are Ilnked to asset values In the balance sheet. An additlonal amount of £7,741 of unrestricted reserves relating to funding recelved have been previously deslgnated for specific purposes by Trusiees. This leaves £882,738 of free unre5trlcted reserves. This is In excess of targeted reserves, however the trustees are satisfied that this leaves the charity in good financlal health durlng a period of less certain income and enables the charlty to meet the needs of the users. It should be noted that although not allocated to timetabled expendlture and so not included In the above the trustees have also set aslde fund5 of £59,448 from thls to support improvements to the charitles infrastiucture 3nd staff development. Detalls of the fund5 are outllned in the Notes to the Accounts. CURRENT STATUS AND PRIORITIES FOR THE NEXT 12 MONTHS120231241 The Chlef Officer along wlth trustees have revlewed the strategic 3-year plan, which was approved by the Board In March 2023. Operational prlorities for 2023-24 have been agreed and communicated across the organlsatlon. The new strategy focuses on: Revlewed and strengthened Vision. Mi55ion and Values; The high-level Strategic Outcomes we seek to achleve in the next 2 years and the priorlties that sit beneath. The resources and enabler5 we will need to achieve these agreed outcomes. The key activities we will deliver in pur5UIt of our strategic outcomes 3nd how we will know that they have made the impact we aspire to bring about. The stakeholder5 we will work with and for, and how we will do this. Trustees, staff and volunteers remain committed to responding to the changing needs of the Charity and its workforce.The Charity started a review of the client record management system Charity Log and whether this system was suitable to our changing needs. A task and finish group were establlshed and led by the operational lead. The groups were taskod wlth identifying an alternative solutlon that would have the capabllitie5 to support the wlder charlty alongslde services and improve workflow. Page 7
AGE CONCERN ISLE OF WIGHT {REGISTERED NUMBER: 060577971 REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 After having restructured the Charity, flattening our or8ani5Btional Structu and streamllnlng our support services. we continue to review how we deliver our services to meet the ever-changing needs of the community with ever decreaslng funding. The Board of Trustees recognised that with a redd management structure additional support was required and a number of working groups were estsblished to progress key priorities, these Included Accommodation, Digital and Volunteering. We recognlsed the need to better communicate what WÈ do as a Charity and the impact of our services on the community therefore, we recruited a PR and Marketing Communications Imarcommsl Executive in August 2023. It is the hope that this appointment wlll raise the charity's profile and reinforce we are a local and independent charity that shares a national name. STRUCTLIRE, GOVERNANCE AND MANAGEMENT Governlng document Age Concern Isle of WSght IACIW) was registered as a private limited company on 18th January 2tM)7. registration no. 06057797, ACIW orlglnally reglstered as a charity on 29th May 1973, and the company was registered as a charlty on 5th April 2007. The assets of the origlnal unincorporated association were transferred into the prlvate limited company with effect from 1st April 2008. ACIW'S governing document is its Memorandum and Artlcles of Associatlon whlch established the objects and powers of the charitable company and Is governed under its Articles of Association. Thls document was reviowed. and an administratlon clause added during 2021 for submisslon to the Charlties Commission and Companles House, and approval and acceptance was received on 30 November 2021. In the event of the company being wound up members are required to contrlbute an amount not exceeding £1.00. The charity Trustees are a150 dlrectors of the company for the purposes of charity law and under the company's Artlcles are known as the Board. All members of the Board glve thelr time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charty are set out in note 12 to the accounts. totaling E510 {2023: £200). Charities Governance Code 2017 The Board meets the principles and outcome5 of the Charities Governance Code 2017 by either applying the recommended practi or by recording Its explanatlon a5 to why it has declded not to apply the Code and what Is done instead in certaln circumstances. Trustee tenure The principles of the Charlty Governance Code were accepted by the Board in 2018 and the Charlty has taken steps to a55ess how well it meets recommended good practi and has acted on those areas identified for Improvement. The Board accepts the recommendatlon within the Charities Governance Code, that a Trustees term be determined as 3 years, up to a maxlmum of 3 term5. If a Trustee SeeS more than 9 years thelr reappointment would be subject to a particularly rigorous review and take into account the need for proEresslve refreshing of the Board, it would also be disclosed within the Annual Accounts. The Chair may serve for a maximum of 6 consecutive years. Under the requlremonts of the Memorandtsrn and Articles of Assoaation, Tnjstees appointed to the Board between AGM'S retire at thelr flrst AGM and offer themselves for re-appointment. Thereafter, all Trustee5 are included withln a retirement by rotation, whereby one third of the Board retire at each AGM and if eligible, offer thÈrnselves for re-appointment. PaEe 8
AGE CONCERN ISLE OF WIGHT {REGISTERED NUMBER: 060577971 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 During 2023-24, seven Trustees retired from the Board. Mr R. Robertson, having Served 3 years 9 months, Mrs S. Evans havlnE served 7 years 2 months 16 years as Chairl, Mrs V. Barraclough havinE served 7 years 6 months. Staff and Trustees would like to thank them for all for the commitment and dedication they demonstrated throughout thelr years serving as Trustees with the Charity. Mrs D. Becker havinE served l year I month. Mrs C. Flury having served 10 months and Mr K. Jenklns havlng served I month, all reslgned wlthln their initial 3-year term due to personal commitments. The Charity thanks them for their active contributlon to Board activities. Sadly, Mr J. Anderson a Trustee appointed in April 2021 passed away in August 2023 following hls resignation due to 111 health in july. Trustees and staff at Age UKIW were deeply saddened by this news and wish to formally record their slncere condolence5 to his wlfe and family. Recruitment and appolntment of new Trustees An annual revlew takes place of the Board membershlp and In the event of skllls belng lost, or new skills Identified as requlred by the Trustee5, these are actively sought through a recruitment process in accordance with the Trustee Recruitment Policy. Age UKIW also works to ensure that the Board reflects the Charlty's commitment to equallty and diversity and the Involvement of older people themselves. As and when required, Trustees undertake a skills and experience audit of current members to help identify where gaps exist and to Bulde future recruitment and selectlon requliements. SIX new Trustees were appolnted during 2023124, with a further recruitment exerclse planned for the Summer of 2024 to support the boards succession plannlng. Inductlon and tralnlng of new Trustees A trustee Induction pack Is maintained and contalns a varlety of information, Including various Charlty Commisslon publlcations and the governance documents relevant to the Trustee role. These are made available to new and seYvinB Trustees on software deslgned to manage access to all material which Trustee5 require, including all meeting papers and notes. New Trustee on boarding sessions were held wilh new Board members includlng key staff and turrent trustees. Key management remuneratSon The board of Trustees makes decislons as to the pay of key management personnel after giwng due conslderation to performance and the requirements of the roles. The board has conslderable HR experience whlch Is invaluable in asslsting wlth this conslderation. Related partles In so far as it 15 complementary to the Charity's oblects, the Charity Is gulded by both local and natlonal policy and initiatlves, This includes: Natlonal Pollcy and Guldance: Safeguarding Vulnorable Groups Act12C(16) The Care Act120141 Local Policy and Guldance: 4 Local Adult 5afegL¢arding Boards "Safeguarding Adults Policy120201' IOW Council's Adult Social Care "Care Close to Home" Strategy IOW Dementla Strategy IOW Carers Strategy Page 9
AGE CONCERN ISLE OF WIGHT (REGISTERED NUMBER: 06057797) REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 STRucfuRE. GOVERNANCE AND MANAGEMENT Age UK Isle of Wight are represented in several Isle of Wight str3te8ic and operational multi-agency forum5 related to our core purpose and articles, This includes: IOW safeguarding Adults Board IOW Voluntary Sector Forum Dementia Strategy Implementation BDard Dementia Strategy Group- Carers Strategy Group Southeast Regional Congress Age UK Age UK Brand Partnershlp Agreement Age UKIW 15 a local. Independent charity, separate from national Age UK. The charity works together with Age UK and the wider network, in a spirit of collaboration and mutual 5UPPOrt to achleve common goals. A new 8rand Partnership Agreement ha5 been delayed again and is expected in early 2025. Every effort Is being made to ensure that whatever change takes place. the many people who benefit from our local servlces will contlnue to be able to do 50 irrespective of our future structural relationshlp with our National Umbrella Organi5atlDn. Rlsk management Trustp.e5 actively YeW the Charlty's risk reglster at both Finance and Risk Committee meetlngs and Trustee Monitorln8 Meetings. Rlsks are rated accordlng to both Ilkelihood and impact and core controls and addltional mltlgating actions are agreed to reduce the likelihood or severity where possible to within tolerable levels. During this year the key rlsk theme5 identified related to: Risk relating to the number of trustees in post while new trustees were recruited. Flnancial sustalnability with the ending of several key sources of fundin& an Increased fundraising target and restructuring required to reduce costs. o Concern over staff recruitment and retention relatlng to the impact on morale of restructurlng and1055 of fundin8. A Charlty Business Contlnuity Plan Is in place with scheduled reviews. Board and Comm5ttee Structure The Charlty has a frustee Board currently comprislng of 11 members who are responslble for the overall governance and strategic dlrection of the Charity, and who come from a variety of backgrounds relevant to the work of Age UKIW. From March 2024 the new Articles and Govemance Rules allow for a Board of no less than 3 but (unless otherwlse determlned by ordinary resolution) shall not be sublect to any maximum. Trustee Monitoring Meetings are scheduled four times each year and there are two Committees; the Finance and Rlsk Committee, and a Fundralslng and Marcomms Strategic Panel that each also meet four times per year, Additional meetings are arranged when required to discu urgent business, The Chief Officer 15 Mrs M Bunce. Mrs Amy Gallop the Company Secretary sits on the Board but has no votlng rlghts. Page 10
AGE CONCERN ISLE OF WIGHT {REGISTERED NUMBER: 06057797) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Infrastructure and Organisational Structure frastruct_ure A robLfSt infrastructure is fundamental to the management and sustainability of Age UKIW and includes: Chief Offlcer (Job tltle changed from Chlef Operatlng Officer) o Support for Trustee5 Governance Human Resources Health & Safety and Premlses IT/Telephony Fundralsing, Marketlng and Communications Service5 Flnance Buslness Partner- 01.04.23-19.07.23, Finance Controller - 01.09.23 - 31.12.23 and General Manager - 01.01.24 - 31.03,24. Flnance Services Organlsatlonal strurture Age Concern Isle of Wight IT/A Age UK Isle of Wight) is a local, independent registered Charity and a member of the Age England Association. As a member of the Federatlon. Age UKIW is able to share informatlon wlth the network of charltles under the Age UK umbrella. The day-to-day operatSon of Age UKIW is delegated to the Chief Offir, and Team Leads to dellver the seNlces specifled, meet strategic objectives, and ensure sustainability is achieved. A Scheme of Delegatlon Is In place with scheduled revlews. Internal infrastructure support has slgnlflcantly improved to allow both Trustees and the Leadershlp Team to monltor strategic progress and make sound decisions. maintaining focus on risk assessment, timely management accounting Informatlon and strateglc repoitlng. Quallty Management The Charity continued to maintain the AUK Charity Quality Standard ICQS) which recognises the hlgh standard of our performance as an organlsatlon. Re certlftcation was gained in September 2023. It certlfies that our organisation Is well governed and managed,. has a clear direction and strate8y; and is commltted to ensuring the well-being and safety of older people, our staff, and volunteers. In 2023-24 Age UKIW completed a 5elf-evaluation of the Informatlon and Si8nPOSting Service we deliver In order to achieve the AUK Quality Marque for Information and Signposting Standards. This was awarded to us in July 2024. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 06057797 (England and Wales) ReElStered Charity number 1118711 Page 11
AGE CONCERN ISLE OF WIGHT (REGISTERED NUMBER: 060577971 REPORT OFTHE TRUSTEES FOR THE YEAR ENDED31 MARCH 2024 Registored offlce St.Thomas House 17 St. Thomas, Square Newport Isle of WiBht P030 ISL Trustee5 V A Barraclough IresSgned 23.11.231 S Evans Ireslgned 23.11.23} L Buckman R Robert50n Ire51gned 27.4.231 J Archer (resigned 19.7.231 C G Flury lappointed 30.5.23} (resigned 21.3,24} C J Edwards (appointed 22.5.231 D C 8ecker (resigned 14.9.231 GFRead K A Marrlott lappointed 5.6.231 S R D Balley (appointed 19.7.23) K F Jenkins lappointed 19.7.231 Ireslgned 6.8.231 W Young lappolnted 20.7.231 J Hitks (appointed 8.5.241 {resigned 27.5.241 H M Bentley (appointed 27.6.24} M Bostock (appointed 27.6.241 S Coleman (appointed 27.6.24} M Huxtable lappointed 8.7.241 M S Pearl lappolnted 27.6.241 Company Secretary A Gallop Audltors Bright Brown Llmlted Chartered Accountants Statutory Audltor Exchange House St. Cross Lane Newport Isle of Wight P030 58Z Bankers Barclays Bank UK PIC 102 St. James, Street Newport P030 IUP The Charity Bank Ltd F055e House 182 Hlgh Street Tonbrid8e TN9 IBE P3Ee 12
AGE CONCERN ISLE OF WIGHT (REGISTERED NUMBER: 06057797) REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DEfAILS Chlef Operating Offlcer Mrs M Bunce STATEMENT OF TRUSTEES. RESPONSIBIUTIES The trustees (who are also the dlrectors of Age Concern Isle of Wight for the purposes of compar¢y lawl are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicablo law and United Kingdom Accounting Standards Iunlted Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair vlew 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 perlod. In preparing those financial Statements, the trustees are requlred to select suitable accounting policies and then apply them consistently; observe the methods and principles In the Charlty SORP; make judgements and estlmates that are reasonable and prudent: prepare the financial statements on the golng concern basis unless it is inappropriate to presume that the charltable company will contlnue In business. The trustees are responsible for keeplng proper accounting records whith dlsclose wlth reasonable accurary 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 safeguardlnE the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In $0 far as the trustees are aware: there Is no relewant audlt informatlon of which the charitable companvs auditors are unaware; and the trustees have taken all steps that they ou8ht to have taken to make themselves aware of any relevant audit Information and to establlsh that the auditors are aware of that information. Approved by order of the board of trustees on .... . and signed on Its behalf by.. G F Read - Trustee Page 13
REPORT OFTHE INDEPENDENT AUDITORSTOTHE MEMBERSOF AGE CONCERN ISLE OF WIGHT Oplnlon We have audited the financial statements of Age Concern Isle of Wight (the 'charitable company'l for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet. the Cash Flow Statement 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 (United Kingdom Generally Accepted Accountlng Practlcel. 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 appllcatlon 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 wilh the requirements of the Companies Act 2006. Basls for opinlon We conducted our audit In accordance with International Stsndards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standard5 are further described in the Auditors, responsibilities for the audit of the financial statements sectlon 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. includlng the FRC'S Ethical Standard, and we have fulfilled our other ethlcal responsibilities in accordance with these requirements. We belleve that the audlt evidence we have obtained is sufficient and appropriate to provide a basis for our oplnlon. Concluslons relating to going concern In auditlng the financial statements, we have concluded that the trustees, use of the goin8 concern basls of accountlng In the preparatlon of the flnancial statements is appropriate. Based on the work we have performed, we have not identified any material uncertalnties relating to events or condltlons that, indSvidually or collectlvely, may cast slgnificant doubt on the charltable company's abllity to continue as a 8olftg concern for a perlod of at least twelve months from when the financial Statements are authorlsed for issue. Our responsibilltles and the responslbilittes of the trustees with respect to going concern are described in the relevant sectlons of this report, Other inforfflatlo The trustees are responsible for the other Informatlon. The other information comprises the informatlon Included in the Annual Report. other than the flnancial statements and our Report of the Independent Audltors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwisÈ explicitly statÈd in our report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financlal statements, our responsibility is to read the other information and, In doing so, tonsider whether the other information 15 materially inconsistent with the financial statements or our knowledge obtained in the audlt or otherwise appears to be materially mi5Stated. If we identlfy such material inconslstencies or apparent materlal misstatements. we are required to determine whether this gives r15e to a materlal mi55tatement In the financial statements themselves. If, based on the work we have performed. we conclude that there is a material mls5tatement of thls other information, we are required to report that fact. We have nothlng to report in this regard. Oplnlons on other matters prescrlbed by the Companie5 Art 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial Statements; and the Report of the Trustees has been prepared in 3ccoidance with applicable legal requlrements. Page 14
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AGE CONCERN ISLE OF WIGHT Matters on whlch we are requtyed to report by exceptlon In the Ilght of the knowledge and understandinE of the charitsble company 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 vou if, In our opinion.. adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not vistted by us. or the financial statements are not in agreement with the accounting records and return5: or certaln disclosures of trustees, remuneration specified by law are not made; or we have not received all the Information and explanatlons we require for our audit,. or the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strateglc Report or In preparinE the Report of the Trustee Responslbllities of trustees As explalned more fully in the Statement of Trustees, Responsibilities, the trustèes (who are also the directors of the charitable company for the purposes of company lawl 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 preparlng the financlal statements. the trustees are responsible for assessing the charitable company's ablllty to continue a5 a golng cOnrn, disclosing, as applicable. matters related to Boing conrn and using the going concern basls of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no reallstic alternative but to do so. Page 15
hEPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AGE CONCERN ISIEOF WIGHT Our responslbllltle5 for the audlt of the financial statements Our objectlVÈs are to obtain rÈasonable assurance about whether the financial statements as a whole are frep from matorial misstatement, whether due to fraud or error. and to issue a Report o* the IndÈpÈndent 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 ISA5 IUKI will always detect a material misstatement when it exists. Mlsstatements 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. The extent to which our procedures are rdpable of detertlng irregularities, including fraud is detailed below: Irre8ularities, includlng fraud. are instances of non-compliance with laws and regulatlons. We deslgn procedures in line with our re5pon5ibilitles, outlined above, to detect materlal misstatements in respect of irregularities, Including fraud. As part of plannlng our audSt we detÈrmlned materiality and as5e55ed the risks of material mlsstatement in the financial statements. Based on our understandlng of the charitable company we Identlfled the principal rlsks to the charitable company as management override of controls, potential for fraud in respect of revenue recognltion particularly in respect of cash income, and potenlial for cut off of gfant income to be incorrectly applied. Audit procedure5 performed by the enga8ement team included: A revlew of journals made in preparing the flnal results for preparation of the accounts, and a review of accounting estlmate5 made by management. Review to ensure there are no transactions that have no apparent business or charitable purpose, or that have been processed outside the usual accounting systems. Extension of the sample sizes for audit testing carrled out in relation to cash income, and conslderation and te5tlng of controls in place around this Income. Dlscusslons with management, Including conslderation of any known or suspected instances of non<ompllance with laws and regulatlons or fraud. A review of all contracts related to grant income, and careful consideratlon of the performance related condition5 5urroundlng entitlement to Income. There are Inherent limitatlons in the audit procedures described above, and the further removed non-cornpliance wlth laws and regulations is from events and transactions reflected in the financial statements, the less likely we are to become aware of it. The risk of not detectlng a material misstatement due to fraud is higher than the risk of not detectlng one resulting from error. as fraud may involve dellberate concealment or Intentional mlsrepresentatlons, A further description of our responslbllitles for the audit of the financlèl statements 15 located on the Flnancial Reportlng Council's website at www.frc.org.uk/auditorsresponsibilities. This descriptlon forms part of our Report of the Independent Audltors. Page 16
REPORT OF THE INDEPENDENT AUDITORSTO THE MEMBERS OF AGE CONCERN ISLE OF WIGHT 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 charitable company and the charitable company's members as a body. for our audit work. for this report. or for the oplnion5 we have formed. Gavin Kelly ACA ACCA I for and on behalf of Bri Chartered Accountants Statutory Audltor Exchange House St. Cross Lane Newport Isle of Wlght P030 5BZ ni r Statutory Auditor) rown Limiied i( 24 Page 17
AGE CONCERN ISLE OF WIGHT STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 122.905 451 123,356 243,932 Charltable actlvltle5 Enhanclng and supportlng Elves 624,618 668,057 1.292.675 1,177,384 Other trading activities Investment Income 36.89) 15,378 717 37,607 15,378 16.416 6,202 Totsl 799,791 669.22S 1.469,016 1,443,934 EXPENDITURE ON Ralsing funds 56,066 56,066 55,460 Charltable actlvltles Enhancing and supporting lives 786.328 743.118 1,529,446 1,742,017 Other io 132 475 607 85 Total 842,526 743,593 1,586,119 1,797,562 NET INCOME/IEXPENDITLIREI Transfers between funds 142,735) 141,053) 174,368} 41,053 1117,1031 1353,6281 22 Net movement In funds 183.788) {33.3151 {117,1031 1353,628) RECONCILIATION OF FUNDS Totsl funds brought forward 974.265 241.195 1,215,460 1,569,088 TOTAL FUNDS CARRIED FORWARD 890.477 207,880 1,098.357 1,215,460 The notes form part of these financial statements Page 18
AGE CONCERN ISLE OF WIGHT (REGISTERED NUMBER: 06057797) BALANCE SHEET 31 MARCH 2024 2024 Total fund5 2023 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tanglble assets 15 230,281 230,281 234,25D CURRENT ASSETS Debtors Cash at bank 16 60,784 785,613 60,784 993.491 154,341 982,626 207,878 846,397 207,878 1,054,275 1,136,967 CREDITORS Amounts falling due wlthln one year 17 (98,368) 198,3681 163,7411 NET CURRENT ASSETS 748.029 207,878 955,907 1,073,226 TOTAL ASSETS LESS CURRENT LIABILITIES 978.310 207,878 1,186,188 1,307,476 CREDITORS Amounts falling due after more than one year 18 187,831) 187,8311 192,0161 NET ASSETS 890.479 207,878 1,098,357 1,215,460 FUNDS Unrestrlcted funds Restricted funds 22 890.479 207,878 974,265 241,195 TOTAL FUNDS 1,098,357 1,215,460 These financial statements have been prepared in accordance with the provisions applicable to charitable companles subject to the small companies regime. cial statements were approved by the Board of Trustees and authorised for Issue on . and were signed on its behalf by: G F Read - Tr.ust The notes form part of these financial statements Page 19
AGE CONCERN ISLEOF WIGHT CASH FLOW STATEMENT FOR THEYEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating actlv5ties Cash generated from operations 11.453 1416,6991 Net cash provided byllused in) operating activities 11,453 1416,6991 Cash flows from Investlng actlvltles Purchase of tangible fixed assets Interest received 12,7781 15.378 18,407) 6,202 Met cash provided by/{u5ed in} investlng artivities 12.61 12,2051 Cash flows from Ilnanclng actlvltle5 Loan repayments in year {13,1881 111,5371 Net cash used in financlng actiwlties 113,1881 111,5371 Change In cash and cash equivalents In the reporting perlod Cash and tash equlvalents at the beglnnln8 of the reportln8 perlod 10,865 1430,4411 982,626 1,413,067 Cash and cash Èqulvalents at the end of the reporting perlod 993,491 982,626 The notes form part of these financial statements Page 20
'AGE CONCERN ISLE OF WIGHT NOTES TO THE CASH FLOW STATEME FOR THE YEAR ENDED 31 IV7ARCH 2024 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net expenditure for the reportlng period (as per the Statement of Flnanclal Activitlesl Adjustments for: Depreciation charges Loss on dlsp05al of fixed assets Interest received Loan interest paid Decrease/llncrea5el in debtors Increase/ldecrease) in tredltors {117,1031 1353,6281 6,029 718 115,3781 8,168 93,557 35,462 13,601 3,994 16,2021 5,581 163,7S71 116,288) NÈt tash provlded by/lu5ed Inl operatlons 11,453 1416,699) ANALYSIS OF CHANGES IN NET FiINDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and In hand 982,626 10,865 993,491 982.626 10,865 993,491 Debt Debts falllng due withln I year Debts fallin8 due after I year 17,7441 {92,0161 835 4.185 16,909) 187.831) (99.760) 5,020 194,7401 Total 882,866 15,885 898,751 The notes form part of these financial statements Page 21
AGE CONCERN ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 GENERAL INFORMATION Age Concem Isle of Wight is a private company limited by guarantee and incorporated in England. The financial statements are presented in Pounds Sterlin& whlch is the functional currency of the charitable company. The registered office of the charitable company is St Thomas, Chambers. 147 High Street, Newport, Isle of Wight, P030 ITY. There are no material uncertainties about the charity's ability to continue. ACCOUNTING POLICIES Bas15 of preparlng the flnanclal statements The financial statements of the charitable company, which is a public benefit enlity under FRS 102, have been prepared In accordance with the Charities SORP IFRS 1021 'Accountlng and Reporting by Charities.. Statement of Recommended Practlce applicable to charitles preparing their accounts In accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 Yhe Financial Reporting Standard applicable in the UK and Republlc of Ireland, and the Companles Act 2006. The financial statements have been prepared under the h1stori1 cost convention. Income All income is recognised in the Statement of Fin3nclal Activitles once the charity has entltlement to the funds, it is probable that the income will be received and the amount can be measured reliablv. Voluntary Income including donatlons and grants are recogntsed when receivable. For legacles entitlement Is taken on a case by case basis on receipt or where the charity Is aware of an impending distrlbution and the amount can be measured reliably. Where legacles have been notified or rhe charity is aware of the grantlng of probate, and the criteria for income recognition has not been met, then the legacy is treated as a contingent asset and dlsclosed if materlal. Income from collections and fundralsin8 is recognised on receipt of the funds, Grant Income Is often subject to performance related condition5, and where this Is the case the resulting Income is recognised as Income from charitable activitie5 to the extent that the performance conditlons have been met atthe year end. Income arislng from the provlsion of servlces is recognised on completlon of the services glving rise to the Income, Interest receivable is recognised over the period that it is accrued. Expendlture 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 partlcular headings they have been allocated to activities on a basis consistent with the use of resources. Fundraising costs are publicity Costs and those costs incurred in seeking voluntary contributlons and do not include the costs of disseminating information in support of the tharitable activities, Page 22 contlnued...
AGE CONCERN ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS- tontlnued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES- Continued Tangible fixed assets Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impalrment lossÈs. Assets costing less than El,LKJO are not capitalised. Depreciation is provlded at the following annual rates in order to wiite off each asset over its estimated useful life. Land and buildings Plant and machinery not provided - Over 4 or S years on cost The trustees are of the opinion that the resldLJal value of the freehold buildlngs will not be less than cost and therefore the freehold buildings are not depreciated. The galn or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrylnE value of the asset. and is recogni5ed in income or expenditure for the year as approprlate. Taxation The charlty Is exempt from corporatlon tax on its charitable actbvities. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretSon of the trustee5. Restricted funds can only be used for partlcular restrlcted purpose5 Withln the obletts of the charity. Restrictions arise when Specified by the donor or when funds are raised for partlcular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the flnancial statements, Penslon costs and other post-retlrement benefits The charitable company operates a defined contrlbution pension scheme. Contrlbutlons payable to the charitable company's pension scheme are charged to the Statement of Flnancial Activities in the period to whlch they relate. Credltors Short term creditors are measured at transaction (Invol) prlce Loans and other flnanclal liabilities are inld311y recognised at transactlon prlce net of any transactlon costs and subsequently measured at amortlsed c05t determined using the effectlve interest method. Provisions Provisions are recognised when there is an obllgatlon at the reporting date as a result of a past event, it is probable that economlc benefit will be transferred to settle the obligation and the amount of the obligation can be estimated rÈllably. Page 23 continued...
AGE CONCERNISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THEYEAR ENDED 31 MARCH 2024 DONATIONS AND IEGAaES 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Donations Legacies Grants 33,299 67,269 22,337 33.300 67,269 22,787 67,910 126,868 49,154 450 122.905 451 123,356 243,932 OTHER TRADING ACTIVITIES 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Fundraising events 36.890 717 37,607 16,416 INVESTMENT INCOME 2024 Total funds 2023 Total fund5 Unrestrlcted funds Restricted funds Deposlt account interest 15,378 15,378 6,202 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Enhancing and supportlng lives Enhancing and supporting Ilves Enhancing and supporting lives Enhancing and supporting lives Performance related grants Just about you Student placements Age Friendly Island 691,796 601,329 701,306 465,168 560 10,350 14501 1,292,675 1,177,384 Page 24 continued...
AGE CONCERN ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 RAISING FUNDS Ralsing donations and legacles 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Staff cost5 Fundraising costs 24,730 31,336 24.730 31,336 46,109 9,351 56,066 S6,066 55,460 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 9) Enhancing and supporting lives 1.529,446 DIRE COSTS OF CHARITABLE AcfiviTIES 2024 2023 Staff costs Trustees, expenses Employee related costs Volunteer recruitment and expenses Dlrect project costs Premises costs Offi cost5 Transportation and costs Bank charges and Interest Auditors, remuneration Legal and professional fees Grant repayment Depreclation Loss on sale of assets 1,249.040 sio 27,795 1,945 95,495 14,692 59,253 15,932 9,011 11,162 13,394 24,470 6,029 718 1,501,355 20D 17,598 2,263 31,672 22,265 76,597 20,193 6,568 10,320 35,391 13,601 3,994 1.529,446 1,742,017 Included in dirert costs is interest payable of £8,168 in relation to the bank loan12023-. £5,581). Page 25 continued.
AGE CONCERN ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS- continuÈd FOR THE YEAR ENDED 31 MARCH 2024 io. OTHER 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Bad debt 132 475 607 85 ii. NET INCOMEI{EXPENDITUREI Net income/lexpendlture} Is stated after charginyjlcreditingl., 2024 2023 Depreciation . owned assets Deficit on disposal of fixed assets Auditors, remuneration- Audit Se1¢e5 6,029 718 11.781 13,600 3,994 10,320 12. TRU5TEES' REMUNERATION AND BENEFITS There were no trustees, remuneration or other beneflts for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, eKpenses 2024 2023 Trustees, expenses 510 200 The expenses paid to three12023.' one) trustees represents the reimbursements of travel, tT and tralnlng costs. 13. STAFF COSTS 2024 2023 Wage5 and salaries Social security costs Other penslon costs 1,189,782 67,212 16,776 1.424,521 99,614 23,329 1,273,770 1,547,464 The average monthly number of employees durlng the year was as follows: 2024 85 2023 97 No Èmployees received emoluments In excess of £60,000. Page 26 continued...
AGE CONCERN ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS- tontinued FOR THE YEAR ENDED 31 MARCH 2024 13. STAFF COSTS- contlnued Key management personnel remuneration and benefits The total remuneration and benefits eived by the two key management personnel operatlng during 2023124 was £70,84212022123'. three key management personnel £131,354), 14. COMPARATIVES FOR THE STATEMETrTh OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 171,412 72,520 243,932 Charitable actlvltles Enhancing and supportlng lives 548,030 629,354 1,177,384 Other trading activities Investment income 11,860 6,202 4,556 16,416 6,202 Total 737,504 706,430 1,443,934 EXPENDITURE ON Raising funds 55,460 55,460 Charltable actlvitles Enhanclng and supportln8 lives 901,CQ5 841,012 1,742,017 Other 85 85 Total 956,550 841,012 1,797,562 NET INCOME/(EXPENDITUREI Transfers between funds 1219,046) (28.4921 1134,5821 28,492 1353,6281 Net movement in funds 1247,5381 1106.0901 1353,628) RECONCILIATION OF FUNDS Total funds brought forward 1,221,802 347,286 1,569,088 TOTAL FUNDS CARRIED FORWARD 974,264 241,196 1,215,460 Page 27 continued..
AGE CONCERN ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 15. TANGIBLE FIXED ASSETS Freehold property Plant and machinery Totals COST At l Aprll 2023 Addltlons DIspDsals 214,918 165,145 2,778 11,4361 380,063 2,778 11,4361 At 31 March 2024 214,918 166,487 381,405 DEPRECIATION At l April 2023 Charge for year Eliminated on disposal 145,813 6,029 1718) 145,813 6,029 17181 At 31 March 2024 151,124 151,124 NET BOOK VALUE At 31 March 2024 214,918 15.363 230.281 At 31 March 2023 214,918 19.332 234,250 16. DEBTORS: AMOUNTS FALLING DUEWITHIN ONE YEAR 2024 2023 Trade debtors Prepayment5 and accrued Income 49,S72 11,212 64.720 89,621 60,784 154,341 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts {see note 191 Trade creditors Other creditors Accrua15 and deferred income Deferred grants 6,909 28.062 4,460 39,590 19,347 7,744 3,991 1.709 40,297 io,ooD 98,368 63,741 Deferred income Is included within other credltors falling due within one year and has arisen as a result of performance-related conditions on grants not being fullilled at the reportlng date and thereforÈ unconditional entitlement to the income has not passed to the charity at the year end. 2024 2023 Deferred income at l April Income released during the reporting period 10,000 iio,0001 31,262 (31,2621 Page 28 continued,..
AGE CONCERNISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- contlnued Income deferred during the reporting perlod 19,347 10,000 Deferred income at 31 March 19,347 10,000 18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loans (see note 19) 87.831 92,016 19. LOANS An analysis of the maturlty of loans Is given below: 2024 2023 Amounts falllng due wlthln oneyear on demand: Bank loans 6,909 7,744 Amounts falllng between one and two years: Bank loans 7,509 8,072 Amounts fallin8 due between two and live years: 8ank loans 26,673 26,325 Amounts falllng due in more than five years: Repayable by Instalments: Bank loans 53,649 57.619 The bank loan is repayable In monthly instalments over a period of 20 years from the date of the initial drawSng down of the loan in 2013. Interest is payable at a rate of 3% al)ove the base rate. 20. LEASING AGREEMENTS Mlnlmum lease payments under non-cancellable operating leases fall due as follows: 2024 2023 Within one year Between one and five years 837 1,674 837 2,511 2,511 3,348 Page 29 continued...
AGE CONCERN ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THEYEAR ENDED 31 MARCH 2024 21. SECURED DEBTS The following secured debts are induded within creditors: 2024 2023 Bank loans 94,740 99,760 The loan is secured on the freehold property of the charity. 22. MOVEMENT IN FUNDS Net movement in funds Transfer5 between funds At 31.3.24 At 1.4.23 Unre5trl£ted funds General fund Fixed assets fund Infrastructure Investment fund stitching fund Supportin8 Staff post Covid 674,311 234,251 46.594 1,960 17.149 137,4721 16.7471 {43,8301 2,777 593,009 230,281 46,594 7,741 12,854 5,781 14,2951 974,265 142,733} 141,0531 890,479 Restricted funds CCG care navlgators Prostate cancer care navigator Livlng Well Programme Oigltal Incluslon Prolect Household Support Fund Good Neighbourhood Scheme Hewland Fund Crlsls Tea Dementia Navigators Digital Champions GPM Reaching Communities Community Unlt Older Persons Mental Heallh Care Nawgators IDT 18,727 io 3,761 9,177 (18,7271 (io) 13,7611 19.1761 12,8981 120,1201 (1.2231 {19,9431 924 118,8861 11,9721 9,179 {1,928) 1,237 12,924 iii 2,898 20,120 6,3S4 27,921 17,293 5,131 7,978 18,217 18,045 1,971 9.636 6,096 1.282 138,126 18,815 4,168 2,519 151,050 241.195 {74,3701 41,053 207,878 TOTAL FUND5 1,215.460 1117,103) 1,098,357 Page 30 continued...
AGE CONCERN ISIE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 22. MOVEMENT IN FUNDS- continued Net movement in funds, included In the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund Fixed assets fund stitching fund Supporting staff post Covid 793,806 1831,2781 16,7471 12041 14,295) 137,4721 16,7471 5,781 14.295) 5.985 799,791 1842.5241 142,733) Restrlcted funds CCG care navl8ators Living Well Programme Dlgital Inclusion Project Household Support Fund Good Neighbourhood Scheme Hewland Fund Crisls Team Dementia Navigators Digital Champlons GPM Reaching CommunltSes Community Unlt Older Persons Mental Health Care Navigators IDT 118,7271 13,7611 19,1751 153,2621 160,69DI 11,2231 164,1231 1118,5231 136,8871 11,9721 1146,6911 138,1331 127,8101 1162,6181 118,727) 13,7611 19,1761 12,8981 120,1201 11,2231 119,9431 924 118,8861 11,9721 9,179 11.9281 1,237 12,924 li} 50,364 40,570 44,180 119,447 18.001 155,870 36.205 29.047 175.542 669.225 1743,5951 174,3701 TOTAL FUNDS 1.469,016 {1,586,1191 1117,1031 Page 31 continued...
AGE CONCERN ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 2Z. MOVEMENT IN FUNDS- Continued Comparatlves for movement in funds Net movement In funds Transfer5 between funds At 31.3.23 At 1.4.22 Unrestricted funds General fund Fixed assÈts fund Infrastructure Investment fund Stitchlng fund GN5 legacy Supporting staff post Covld 871,899 243,439 S0,C0 13.504 15,486 27,474 1187,8591 117,5941 13,4061 139 19,7291 8.406 674,311 234,251 46,594 1,960 {11.683} 115,486} 110,3251 17,149 1,221.802 (219,0451 12B,4921 974,265 Restrlcted funds Big lottery fund grant- Age Friendly CCG care navigators Prostate cancer care navigator Restorative Justlce Llvlng Well Programme Digital Inclusion Projecl Hospital Dlschar8e Older Prlsoners Household Support Fund Workforce Retention Grant Mental Health Trabning Grant Good Nelghbourhood Scheme Hewland Fund Crisis Team Dementla Navigators Gouldings Digital Champions GPM Reaching Communitles Communlty Unit Older Persons Mental Health Care NaviEators IDT 21,731 18,727 io 9,529 3.761 35,475 242,286 14,647 395 236 489 121,7311 18,727 io (9.5881 59 3,761 9,177 126,2981 1242,2861 114,6781 31 13951 12361 14981 {43,1021 6,354 122.3711 12,664 {5,7291 841 119.7601 9,636 {12.9441 1,005 124.1931 43,102 6,354 27,921 17.293 50,292 4,629 5,729 841 1,971 9,636 6,096 1,282 138.126 21,731 19,040 277 162,319 347,286 1134.5831 28,492 241,195 TOTAL FUNDS 1,569.088 1353,6281 1,215,460 Page 32 continued...
AGE CONCERN ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMErs- contlnued FOR THE YEAR ENDED 31 MARCH 2024 22. MOVEMENT IN FUNDS- contlnued Comparative net movement in funds, included in the above are as follows- Incoming resources Resource5 expended Movement in fund5 Unrestricted funds General fund Fixed as5et5 fund Infrastructure investment fund Stitching fund Supporting staff post Covid 736,129 1923,988) (17,595) 13,405) 11,236} 110.325) {187,8591 117,5941 13,4061 139 110.'3251 iii 1,375 737,504 1956,5491 1219,0451 Restrlcted funds Restorative Justice Dlgital Incluslon Project Older Prlsoners Household Support Fund Workforce Retentlon Grant Wlnter Health Campaign Mental Health Trainlng Grant Good Neighbourhood Scheme Hewland Fund Crlsls Team Dementia Navlgators Gouldings Dlgltal Champlons GPM Reaching Communitles Community Urbit Older Persons Mental Health Care Navlgators IDT 24,731 2,039 15.001 6.465 134,3191 128,3371 114.9701 16,8601 1236} 11,793) 14981 176,1011 13891 166,3691 1106,7821 118,229) 135,1601 162,8031 1106,6391 147,9441 128,0411 1205,5431 19,5881 126,2981 31 13951 12361 1,793 14981 {43,1021 6,354 122,3711 12,664 15,7291 841 119,760) 9,636 112,9441 1,005 124,1931 32.999 6.743 43,998 119,446 12,500 36.001 43.043 116,275 35.0(X) 29,046 181,350 706.430 1841,013} {134,5831 TOTAL FUNDS 1,443,934 11,797,562) 1353,6281 Flxed asset fund The flxed asset fund represents the net book value of fixed assets purchased and available for the unrestricted Use of the charity. Infrastructure investment fund The infrastructure investment fund represents funds set aside for investment In Infrdstructure and to allow for the replacement of equipment. Stitching fund The stitchin£ fund represents a donatlon received from the Insinger Foundatlon. located in The Netherland5, less expenditure paid from the funds. Supporting Staff Post Cov Page 33 continued,..
AGE CONCERN ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 22. MOVEMENT IN FUNDS- continued Trustees recogni5e the impact on our staff and volunteers whilst contlnuing to work through the Covid Pandemlc and the effect5 It'5 had on our staffing teams as we continue to support an increased number of clients with increasin8ly complex needs. Funds have been designated for staff wellbeing and development to support our organisation's resilience. CCG Care Navigatoys Offering a person centred, holistic approach to health and social care, the Care Navigators team of six FTE posts work with all GP practlces on the Island and contribute to the Locallty based reviews of patients with multlple and complex needs. They sUPPOrted over 1500 clients to live more independently and manage their long-term health conditions, avoldlng crisis where possible. Support was provlded to our cllents by 94 different projects and seNice throu8h onward referral, 60% of them in the voluntary sector and supportSng independent Ilving, Fundlng for the programme came from the IOW Clinical Commissionlng Group ICCGI. Llvlng Well Programme Funded through the Improved Better Care Fund IIBCFI the Livlng Well projett 15 a partnership Of four organisations with the aim of promotlng independent Ilving and support for adults wlth learnlng disabilltles, carers, older people and those who have poor mental health. All enquiries to 5oclal Services who do not meet thelr criteria are fotwarded onto the Living Well team for asslstance. Dlgltal Incluslon Project Fundlng to support Older people aged 50+, people limng with learning disablllty, people living wlth mental health conditlons, and carers by.. l. Developing the skills and knowledge of the voluntary sector workforce (both staff and Volunteers) to support use of technology,. and 2. Developing the skills and knowledge of people to use technology to enable them to do things for themselves and/or seek appropriate support to do things to support independent living for longer. Household Support Fund To support vulnerable households with essentials such as food, ener8y costs, boiler servlce/repalr5 or the purchasing of essentlal white goods, and essential toiletries. Good Nelghbour Scheme Previously funded as part of the Big Lottery project this scheme has been separately funded this year and continues to operate to facilitate volunteers providing friendly and reliable supporl for older local residents, Hewland Fund To support vulnerable households who are unable to fijnd the c05t of repair or purchase of white good5 and some low-level emergency repairs to households- costs are awarded up to £250. Hospltal Based Servlces: Age UKIW has continued working in partnership with IOW NHS Trust to provide services and activitles to support the Integrated Discharge Team {IDTI. With a f(Kus on enabling healthy and safe discharge home, and preventing admission to hospital when unnecessary. we have become a key partner in the IDT. Whilst there are three separately funded projects we have delivered these as a seamless service: Project I Icommunity Unit) To provide an Activitie5 Coordinator at the Hospital Communlty unit. We provide 50cial, physical and cognittve activities to enable client5 to maintain their health and wellbeing whilst awaiting discharge home with an approprlate care package or to a residential pIarnent. Project 2 {Care Navlgators IDT) Page 34 continued...
AGE CONCÉRN ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS- contlnuÈd FOR THE YEAR ENDED 31 MARCH 2024 22. MOVEMENT IN FUNDS- continued Our Care Navigators work on community wards at the hospitsl supporting discharge for patlents who are medically fit to leave hospital. Ensuring that clients and carers arp aware of appropriate seNice5 and activitles available to them in their communitie5 and are confident in accessing this support On home. Project 3 Icrfsis Team) To provide Care NaviEatlon support to the Crlsls team Ot St Marfs Hospital. wlth communlty support staff, enablin8 people to stay at home and avoid hospita5 admittance where appropriate.Digital Reaching Communities Group workshops were delivered across the Island covering onllne safety, shopping onllne. and access to medical 5ervlces. One to one support was provided in person and online to support older resldents to bulld thelr skills and confidence. Dementla Navlgator5 and Older Persons Mental Health IOPMH) Dementia Care Navigators promote self-confidence to increase a person's sense of health and wellbeing. They help to improve quality of IIFe, maintain independence and support indNlduals and the family of those who have had a dlagnosis of Dementla and those who are waitin8 foi assessment, GPM (Good Practice Mentor Projectl Developed èn Age Friendly IAF) Local Leaming Network bringing senior leads together focussing on Age Friendly Island principles and embedding them within their own organlsatlons strategic plan, Blg lottery grant fund - Age Friendly This project began in 2015 comprising a partnershlp of 11 organisations. The underlylng purpose of all these projects15 to dellver services to address soclal Isolated Islanders. The Age Friendly Island project has contlnued to be run through thls year, as well as flnal aspects of Men In Sheds. Prostate cancer care navlgator Funded by ProstatÈ Cancer UK for one year. this Care Navigator role focused on supporting men wlth prostate cancer and their famllles. The project ended in August 2015 as Fundlng from Prostate Cancer UK was no longer available, as a result Age UKIW will work wlth the funder wlth regards to the outstanding unspent funds to support men through the care navlgator progrnmme. Restoratlve Ju5tlce The Restor8tive Justice Project, funded by the Office of the Poli and Crime Commissioner, brings older Island residents harmed by crime, anti-social behaviour or conflict into communication with those re5pon5ible, enabling everyone affected by a particular incident to play a part in repairing the harm and flndlng a posltive way forward. It helps young offenders see the true effects of crlme and anti-social behavlour on older residents and creates opportunities for positive intergenÈratlonal relationships. This project is being delivered in partnership with Restorative Solutions. Hospltal DlscharEe Age UKIW works in partnership with IOW NHS Trust to provide services and activities to support the Integrated Discharge Team to enable healthy and safe discharges home and to prevent unnecessary admisslons to hospital. Older Prlsoners Worklng with the prison to Identify the needs of older prisoners, providing training to prison stsff and orderlies and developing the concept of a °dementia friendly cdl" Page 35 contlnued...
AGE CONCERNISLE OF WIGHT NOTES TO THE FINANCIAL STATEMETrifs- continued FOR THE YEAR ENDED 31 MARCH 2024 22. MOVEMENT IN FUNDS- contlnued Workforte Retention Grant This fund provided us with support in the promotion ol Workfor retentlon through targeted advertising. Mentsl Health Training Grant This fund was provided to allow for trainlng around Mental Health issue5. Gouldings Providing activities for a day hub setting for hospital discharged patlents to reduce their use of community carer home vlsits. Dlgltal Champlons Project The project provldes funding for dlgital workshops and home visits, recruitment of addltional dlgital volunteers and staff for increased outreach events to pramote the digital inclusion seNices, Transfers between funds Funds of £41,063 have been transferred from General Funds to Good NelEhbourhood Scheme (£20,120), Household Support1£2,8981 and Digital Champions {£18,0451 representing additlonal fvnding for these projects pald for out of General ReSeeS. Funds of £2,777 have been transferred from General Funds to the Fixed Asset Fund, representing addltlons purchased durlng the year. Depreclation and cost of dlsposal of existing assets have been charged dlrectly to the fixed asset fund. 23. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page 36
AGE CONCÉRN ISLE OF WIGHT DETAIIED STATEMENT OF FINANCIALACTIVttlES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestrrcted funds Restricted funds INCOME AND ENDOWMENTS Donatlons and lega¢lÈs Donatlons Legacie5 Grants 33,299 67,269 22,337 33,300 67,269 22,787 67,910 126,868 49,154 450 122.905 451 123,356 243,932 Other trading actlvltles Fundralsing events 36,890 717 37,607 16,416 Investment Income Deposit account interest 15.378 15,378 6,202 Charitable actlvltles Performance related grants Just about you Student placements Age Frlendly Island 23,289 601,329 668.507 691,796 601,329 701,306 465,168 560 10,350 {450} 14501 624,618 668,057 1,292,675 1,177,384 Total Incomlng resouices 799,791 669,225 1.469,016 1,443,934 EXPENDITURE Raislng donatlons and legacies Wages Social security Pensions Fundraising costs 22,841 1,437 452 31,336 22,841 1,437 452 31,336 41,273 3,695 1,141 9,351 56,066 56,066 55,460 Charltable actlvltles Trustees, expenses Wages Soclal securlty Pensions Employee related costs Carried forward 510 647,961 23.768 6.697 19.852 698,788 510 1.166.941 65.775 16,324 27,795 1,277,345 200 1,383,248 95,919 22,188 17,598 1,519,153 518.980 42.007 9,627 7,943 578,557 This page does not form part of the statutory financial statements Page 37
AGE CONCERN ISLE OF WIGHT DETAILED STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestrlcted funds Restricted funds Charltable activitle5 Brought forward Volunteer recruitment and expense5 Direct project Costs Premises costs Office costs Transportation and costs Bank charges and interest Auditors, remuneration Legal and professlonal fees Grant repayment Depreclatlon of tangible fixed assets L055 on sale of Intangible fixed assets Loss on sale of tangible fixed assets 698,788 30 11.0751 8,413 44,168 10,576 5,413 6.344 6,922 578,557 1.915 96,570 6,279 15.085 5,356 3,598 4,818 6,472 24,470 1,277.345 1,945 95,495 14,692 59.253 15,932 9.011 11,162 13,394 24.470 6,029 1,519,153 2,263 31,672 22,265 76,597 20,193 6.568 10,320 3S.391 6.029 13,601 3,994 718 718 786,326 743,120 1,529,446 1,742,017 Other Bad debt 132 475 85 Total resources expended 842,524 743.595 1,586,119 1,797,562 Net (Èxpendlturelllncome 142,733) (74,370) IJ17,1031 1353,6281 This page does not form part of the statulory financial statements Page 38