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 I￿Eng, 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 se￿iceS 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.
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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.
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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 servi￿5 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.
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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.
serv1￿5 that we charge for
Alongside our charitable activity, and services funded by grants or through public sector contracts, the Charity delivers
Servi￿5 where a charge 15 made to the individual. As follows..
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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 Se￿ICe 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 reSpectIve￿I2023. £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.
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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.
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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 red￿￿d 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 Se￿eS 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 Y￿eW 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 Offi￿r, 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 cOn￿rn, disclosing, as applicable. matters related to Boing con￿rn 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 h1stori￿1 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 Se￿1¢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 ￿e￿ived 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,C￿0
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 STATEME￿rs- 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 pIa￿rnent.
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 ReSe￿eS.
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
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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
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Page 38