REGISTERED CHARifY NUMBER.. 1157082 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 FOR CARERS ISLE OF WIGHT
CARERS ISLE OF WIGHT CONTENTS OF THE FINANCIAL sTATEMErs FOR THE YEAR ENDED 31 MARCH 2023 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities 10 Balance Sheet Notes to the Financial Statements 12 10 19
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Thè trusteès present their report with the financial statements of the ¢harty for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Slalement of Recommended Practite applicable lo charities preparing their accounts in aceordanee wilh the Financial Rèporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffecttve 1 January 2019}. OBJECTIVES AND ACMVITIES Who we are Cargrs IW is a local charity supporting adult carers of adults on the Isle of Wight. A carer is anyone who car@s, unpaid, for a family member or friend who Cannot manage wthout their support. They might look after someone with a physical disabilty, long term health condition, mental health issue or a problem with substance misuse. Wè help carers lo access support, services, education and training, and breaks from their caring role. We ensure carers on the IslanLt have a voice in policy making and planning for seNices, and we work with health and social care profession815 to develop best practice. Our aim is lo cre21e carer friendly communities whère carers are rècognised, valuèd and supported. Public benefit The trustees confirm that they have referred to the guidance contained in the Charity CoTnmission's general guidance on public benefit when rewewing the Gharty's aims and objectives and in planning future activrfties. The trustees ref2r to public b2nefil throughout this report. Page 1
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 ACHIEVEMENT AND PERFORMANCE Summary of 2022 Wè offer unpaid carer5 a service al the Carers Centre and through the Carers LoLJnge at the St Marys Hospital and the Carers Lounge al Sevenacres the Mental Health Hospitsl. We offer a range of support to carèrs from emotional support, dementia & mèntal heatth training and Goping strategy work, respite days, quiet days, pamper days, drop ins, support groups. support for former carers, younger carers, IPAD library, Dementia Carers Café, Ring Round, Take a Break, Carèrs Assessments, Mental Health Support, and not forgetting our residential respite weekend offering carers time out. holisl therapies, rne81s and craft workshops. car$ accessed vark)us sessions including out gym session as well as the self-care café and support groups. Cost of Living Crisis In the past twelve months we h8ve rèceived funding to assist unpaid cares in the community who are struggling to manage due lo the Coslpof-Living Crisis. In S@plember we were able lo award 40 families ID receive an air fryer and food vouchèr from this fund and were 'sold our within 3 weeks. In JanLJary 2023 we reTrived extra funding to offer c8rers support in relation lo their energy bills and ongoing difficukies in paytng their bills. We had an option to purchase either an air fryer, microwave or slow cooker that will reduce their energy bills or receDie a food voucher to ofts&t their energy bills_ We opened the Thursday afternoon up to be a w8rm spacè lo encourage car&rs and Cared for lo use our space. Carers Strategy Work We have been involved in holding various forums wlh carers in the communty and other organisations as the bcal authority are eréating an up-lo-dalè carers strategy. We have enabled carers to influence services in other ways too. for example through our longestablished working relationship with the local authorty based on the shared aim of giving carers the recognftion and support they need. The carers strategy is going through the sign off procèsses and have asked that unpaid carers are involved in the resulting carers strategy action plan next year. Referrals We Continue to have had an increased refèrral rale from all sectors. Staff & Volunteers Staff are working flexibly from both home and office based depencling on their daity workload. The team continue lo prowde 74ays a week support for unpaid carers across thè Island. Our Services Ring Round Support Our volunteer Ring Round Support Team and Trustees havè all taken extra referrals lo ensure more carers feel fully supported. The serwce is manned by volunteers and overseen by a Trustee and the Msnager. Volunteers offer carers a regular supportive telephone call to the carèr and feedback to the Team if a ¢arer is struggling and needs more SUPPDrt. Volunt8&rs have regulsr Group supervision for feedback regarding their eases. Carers Lounge The Carers Lounge offers a 24fj safe and welcoming space for unpaid carers lo unwnd. During core hours it offers carers the chance to reflect on the emotional and phYsal impacl of caring and re1ve some help lo negoliale the hospital journey from admission to discharge. Carets are supported lo communicate with the appropriate hospital staff, undèrstand their rights, access practical support, 5dentify training needs, engage wrf(h other relevant agencies, and apply for specialised carer benefrts as appropriate. The team works Mrith hospital colleagues to improve knowledge and understanding of the nèeds of earers lo prornole an inclusNe approach when planning for patients. They also prDwde ongoing support to carers from the point of diseh8rgÈ whether the cared for is going home or to a short-lerm p18cement. Thèy ar& now working with the integrated discharge team lo ensure that carers are part of the decision-making process prior lo discharge where possible. 11 has been and continues lo be a difficult lime 8S the 1518nd is coping with a crisis in care in the community which has me8nt that there is a significant number of medically optlmised pabenls awaiting plseemenl as there are severe shortages of Gare packageslcare placements available. The Carers Lounge is moving from tis current location to the North Hospit818S the CLJrrent location is required for clinical reasons. Page 2
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Sevenacres Carers Lounge Carers IW have established a base for OLJr Hosprtal Team Leader and a part time worker in Sevenacrès to work with th@ hospital ID SUPPOrt carers Garing for someone with mental illness. The aim of this seM¢e is to improve care outcomes and more cost-èffeetive service delivery. Their presencè in Sevenacres has already to increased referrals from all three wards, the Home Treatment Team, and carers themselves. We estsblished a carers support grtsup at the Carers Cèntr& for these carers and are developing OLtirèa¢h to mentsl health carers in the community. The team have WDrked closely wrfch ward colleagues to implemènt improved ¢arer identrfication, offer practical and èmotional support lo carers and working wf(h hospital colleagues to improvè knowledge and understanding of the needs of c3rÈrs to promote an inclusive approach when planning for patients. Carers are supported to eommunicale with the appropriate hosprtal staff, understand their rights, access practical support, identrfy training neeofs, engage with other relevant 2gencieg, and apply for specialised Garer benefrts. The current Hospital Teaw Leader in Sevenacres is funded via the Local Authority and the Car&r Support Worker is currently fundèd through NHS until Mar 2024. IICB Winter Pressures fund lo enable tunding of the pte post al Sevena¢res Carers Lounge for 3 months J2n- Mar 20231 SelF£are Café The Self-care Cafes are very popular and offer carers an opportunity to learn new skills, complete their journal, leam mindfulness, enjoy a ¢raft activity, and gain from peer support. Carers IW applied to the ICB Winter Pressures fund to enable funding to offer the Self-care Café weekly during the winter months, aftèr ¢8rers wèrè sskèd what cOnrnS they had and what would make a p0511ive difference lo them rf we had extra funding. The weekly session offered a variety of activities the carers havè requested. including nature walks followed by SDUP lunch, more opportun(ties lo le2m relaxation le¢hniques they could use al home. a warm safe spacè to enjoy others company, be involved in a cook & eat session, and a Iher8Py that gave them a sense of identity. Carers Assessments The Care Act 2014 sets out earers, legal rights to assessment and support. It slates that a carer is eligible fDr an 89sèssmènt if they provide substantial and regular support to sornegne who needs care. The carer's assessment is an opportunty to discuss with the local council what support or services needed. The assessment will look at how caring affects their lrfe, including for example, physical. mental, and emotional needs, and whether they are abl& or willing to carry on caTing. All staff members a able lo complete a Carers Assessment with a carer. Emotional Support Carers are offered emotional support through one-to-one sessions with our trained staff. Ideally. we look towards encouraging carers into attending Dther support for èxample the SeW-Care sessions that offer a safe and therapeutic session that also promotes social interaction wf(h peers. Thursday Social Drop in Our Carers Centre drop in for both carers. cared for people and former carers offers a variety of activities from a chat and a cuppa, to learning how lo use an IPAD, Kindlè or enjoying a quiz. This has been attended by many carers and their cared for as they are struggling to manage in the home environment. Resilienee Workshops for Carers The workshops consisted of 6 sessions lo work through various tssu&s and learn some new coping strategies. The ¢arers feedba¢k was very positive. and it was refreshing to witness carers using their strategies in their everyday lrfe. Drop in for Mental Health Carers The Friday morning drop in is weekly anrj the staff offer a session once a month in the evening. The group on a Friday is well attended, we have decided to offer a craft session within the group as this enables carers to 185k freely. We have stopped the evening session as rt was not well attended. Art & Craft Group The Group meets weekly al the Carers Centre and has all r8nges of abilities. They held an Art Exhibition at Brading Roman Villa in 2022. Page 3
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Quiet Days A member of staff runs our quiet days in her home offering a range of well-being activities including relaxation, meditslion, and a light lunch, with support from volunteers. Male Carers So¢ial Group Th& male carer social group meèl every month on the second Wednesday of the month. Generally, th& group visit a pub that offers the option of food. It is a successful group that offers a lol of peèr support to each other. This group is open to both former and current carers. The rnembers of the group arè now beginning to offer peer support and buddy up with each other, often offering &ach othèr a supportive phone call during the week. Take a Break Group This group is ftsr those carers whose cared for is in residential care or nursing home. Carers in this group really benefit from 2 crèative atttivty, holistic therapy, and peer support. The group is primarily run by volunteèrs and a member of staff avaitable. Respitè Weekend for Carers We held two resptie weekends in thè past year offering carers an opportunity lo have some lime off Irom their caring role, taking part in the various creative workshops, holistic therapies, opportunities lo stay over if they are able to. This is a popular activty that involvès the whole team enabling them lo offer a different aspect lo carers. The respite weekends are a great success and enable carers to slay over or attènd for the day and participate in m8ny 8clivilies. We also held a mini retreat weekend the folbwing week for a few carers who were unable to make the main respite week2nrR. Branching out Two Members of staff run individual sessions wtth bereaved carers, kjoking at dealing with their thoughts, feelings, grièf, loss and emotions, as well as their identity. what next. Dementia Solution Focussed Strategies for Carèrs Group This group c>ffers carers c8ring for someone wrth dementia the opportunty lo bring their Issues in regard to behaviours and look at how others have dealt wf(h il andlor look at Dr Gemma Jones work in relation to Dementia Awareness Reachin9 Communlties. We consider that this will be a useful resource that will enable carers to support each other and find a strategy that works for them as well as learning more about dementia. This popular group offers any Carer who has attended the training we 8 further opportunity for addEtional Jeaming and to gain from peer support andlor supportlstralegies. The group IS SUPPOrted by a volunteer. Gifts to Carers We have used various donations including gifts to staff to give out over 45 Christmas Goodies Bags, and 25 food vouchers to ¢arers whD are struggling to manage financialty or need 8 lrft themselves due lo their cartng role. Southern Line for the south of England eollected Shoe boxes for unpaid carers on the Island, we were able lo distribute these lo 30 unpaid carers on the Istand. 100 carers and their families received a grft bag, shoe btsx or food voucher lo help them out over the festive period. Throughout the year we were also able to gDie out over 100 £10 gift cards lo unpaid carers and our volunteers. TrainÈng Dementia Awareness Training for Unpald Carers We have a waiting list for this training. we run three lots of the fwe-wèek sèssions pèr year as well as the Dne~day training sessions for those ¢arers who are unable to attend the fivÈ-wÈèk course. We work with carers caring for people wlh dementia and we have found that they need ongoing help_ Generally, we do not cIDse these cases as they require Dngoing support. The five-week session is very successful as it offers earèrs pèèr support and that they are not alone in their fears and understanding of the illness_ The training has been Created on the principals of Dr Gemma Jones in relation lo Dementia Awareness Reaching Communities, ensunng th81 the same message is going out across both slalulory and voluntary sectors. Carers Awareness Training We ran a joint Carer Awareness session with 1sofTopia a Ial mentsl heakh charity and thè Liwng Well Early Help Teams. The sessions included a carer who cares for her strn who has bplh mental and learning difficulties. This was very successful and enabled their staff to see the impact on a parent carer of an adutt son and how difficult life can be sometimes. Page 4
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Mentsl Health carS SupportTraining The Sevenacre Carers Lounge are running monthly Carer Awarèness training sessions with the local NHS. Forum Theatrè Th8 Learning & Development funded the Forum Theatre, which we ran in Oetober, offering a Vaety of dementia scenarios that the audience is invited to participate at a level which is comfortable for them. Dementia Training AVrenesS We ran an awareness session fDr Age UK IW a local charty and for the Lwing Well Early H8lp Teams. Carer Quotes We are lucky that our team is qutie small but very friendly and supportive. Carers IW have an amazing team of voluntÈèrs that offer thèir lime and experience, without which, we would not offer such a good service. thank you 811 from CareTS IW. As a resur( of tsur intervention carers report feeling.. 'It is so nice lo be able to be planning it, rather than be told what we are having, '1 am clreading the wlnter. stuck at hom& with my husband who often drinks too much and makès my life a misery, thank you for my escape, '1 can never afford a therapy,. I feèl like I matterf '1 really needed this, walking helps clear my mind and il was lovely to be abl2 lo chal to everyone. 'Feels like a s?nctuary where home can feel like a prison, '1 feel so good after that exÈrcis@ and meditslion really inmgoraled, '1 truly appreciate having this space where I can just come anct be me., The things i have been involved in wrth Carers have given me the opportunity to stay conne¢l with who l am. I don't know where I would be without them., 'I've never had a m8ssage before, that realty helped the pain I have I wll definitely be booking myself one in the new year., .1 have not been given a present in rftany yesrs, it has made me cry, thank you SL) much, attending the art group has given me $0 much, now this bag of goodies, I feel 5ike I count, thank you., 'This bag of presents and the food voucher will mean we will have a Christmas.. 'Ju5t to say a big thank you for the amazing bag of go(leS you brought in yesterday. What a lovely sutPTise and so helpful for Christmas. Thank you also tc> all the donators for making this happen as well. You are all very kind and wè are extremely grateful.. P8ge 5
CARERS ISLE OF WIGHT REPORT OF fHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 FINANCIAL REVIEW Finance On 1st August 2020 we stsrted 8 new eonlract with the Local Authorty, this covèrs all Dur services and is for the period of 3 years plu$ 2 years if applicable. The aims of the IW Contract arè". - To reaeh out to earerg that we do not know about who do not identify themselves as a care. Ensure that all carers are recognised, respected and given the opportunty lo have their support needs assessed and met. To provide clear pathways for ¢arors lo the information and services available to support them. Run a Carers Lounge based at both Hospital and Sevenacres. Improve rerS groups and actNities aimed at supporting carers aged over 18 2nd over. The a¢counts fomi part of thi5 report anrl full details of the accounts of the charity are provided. Overall, the figures highlight 8 reasonably solid pos((ion for the charity moving forward, especially now that the funding has been agreed with the IW Council. All projects are monEtored to ensurè that they operate within budget and approved funding, on a full c051 rècovery basis whenever possible. If project funding discontinues, then projects cannot continue. The Manager provides a highlights report at quarterly Trustee meetings reporting any key financial considerations. There Can be little doubt that the financial clirn8te for Carers IW 11 continue to be challenging. The reason for holding unreslricled free reserv&s is to prtslèct Carers IW from the impact of shorfalls in forecast income or unforeseen expendrture. In an extreme case. the reserves need lo be suff1cient to cease operations in such a way as lo minimise disruptK)n to users of our services, and lo wind up the operation without leaving Gredilors, considering the costs of statutory and contractual paymènts to staff and the termination of existing contracts and leasès. Rèserves Policy Trustees have examined the financial risks of tho ch8rity and have idèntifièd an amount within the fr88 reserves which are those unrestricted funds not designat&d for specifie purposes or otherwise committed and which the Trustees believe will be suffJ¢ient to maintain the unrestricted aGtDiities of the charity in the event of ruction in future funding. The reserves that we have set aside providè financial stability and the means for the future development of supporting unpaid carers. Wè have in¢luded the redundancies funds in our regerves and need to be able lo funol any shortfalls in income for example when there is downwaid piessure on cash flow or when income does not Teach expected levels. Office Related Expenditure Currently we rent our Carers Centre through CAIW at a cost of £8k pa, including a¢¢ess to private part of server, inlernel costs, lighting & healing, rt. We pay for the whole Youth Hosl¢l rentsl for the respite weekend twice a year as applicable. Telephone costs are paid via DD," staff receive telephone allowance. Sessional staff havè an inclusive cost per hour lo include v8rioLJS expenses. We employ a Finance Officer ID provide bookkaeping, bank COncl118tI0n, set up monthly management reports and preparation of accounting records. Page S
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Legal Status & Governing Body Carers IW is a Charitable Incorporated Organisation a rIstered Charity number 1157082. 11$ registered office is Carers IW, Riverside Cenlre, The Quay, Newport, Isle of Wight, P030 2QR. The Charty is governed by rfcs constitution. The following is an exlracl frorn our constitution- Carers IW is an independent charity b8sed on the Isle of Wight, supporting unpaid adutt carers of adujts. The objects of the CIO are To relieve the stresses experienced by carers, over the age of 18 who have care Treeds, as a result of disability, illness or age within the Isle of Wight (the c8rer may resicle in or work in or care for a person who resides wrthin the Isle of Wighll, in particular but not exelusively by.. Providing a conta¢t point for help for carers c>ver the age of 18., Identfying carers who struggle to cope in their caring rolè", Working with other agencies charities tD develop servicès for carers,. Offering carers, a break through support groups., Gathering and disseminating information relevant lo carers issu8s', Raising awareness of and promoting the neèds of carers throughout the Isle of Wight with local policy makers and service providers.. Raising funds lo achieve the above.. REFERENCE AND ADMINISTRATIVE DETALS Registered Charity number 1157082 PrlncSpal address The Rivèrsidè Centre The Quay Newport Isle of Wight P030 2QR Trustees Sue Bennett - Chair of Trustees Wendy Holleyman- Deputy Chair of Trustees BarryJaGkman Hugh Harrison Maurice Dix Catherine Hands The board meets at least four times a year and the formal management of the charty is dèlegated to Elizabeth Martin. Service Manager. None of our trustees g8in frDm remuneration or other benefit from their work wrf(h the charity. If we have a Trustee vacancy through resign*ion, or that the èxisting trustees have decided that one or more new trustees with specific skills are needed lo help run the charty more effectrety. The trusteès consicter the best methods of attracting a diverse range of candidates with the skills the Charty needs. Short-listing and inlerwews lake place ag2insl agreecl criteria. Interviews are carried out by a small panel of trustees, and each candidate is asked similar questions lo ensure a fair and objective approach. Preferred candidates are identified and invited lo join the trustees, subject lo references, formal vetting and approvd by the full trustee board. Unsuccessful candidates are notified and thanked for their interest. Page 7
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 REFERENCE AND ADMINISTRATIVE DETAtLS Independent Examiner S F M8ckie, FCA Morris Crocker Chartered AGcountanls Station House North Street Havanl Hampshir& P09 1QU Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Approved by order of the board of Iru5tees on . nd signed on ils behalf by.. S Bennett- Trustee Page 8
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CARERS ISLE OF WIGHT Independent examinerfs report to thè trustèès of Carers Isle ¢)f Wight I report lo the charity twslees on my examination of the accounts of C8rers Isle of Wight (the Trust) for the year ended 31 March 2023. Responsibilitiès and basis of report As the charity trustees of the Trust YOLE arè responsible for the preparation of the accounts in aecorolance wtth the requ1Ments of the Charities Act 20111'lhe Act'i. I report in resped c)f my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I hav& followed all appli¢able Directions giv2n by the Charity Commission under Seetion 14515llb) of the Act. Indèpendent examinerfs statement Since your chartvs gross income exceeded £250,000 your examiner must be a member of a listed body. I can confim) thèt 18m qualrfied to undertake the èxarnination because l am a membèr tsf the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I hav@ completed my examination. I confirm that no material mattèrs have come to my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act., or the a¢counts do not accord wrf(h those records,. or the accounts do not comply with the applicable requirements concerning the form and content of accounts sel out in the Charities IA¢counts and Reports) Regulations 20D8 other than any requirement that the accounts give a true ancl fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. S F Mackie, FCA Morris Crocker Chartered Accounlonts station House North Street Havanl Hampshire P09 1QU Dale. ..9..January..2Q24............ Psge 9
CARERS ISLE OF WIGHT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 2023 Total funds 2022 Total funds Unrestricted funds Restricted funds Nolos INCOME AND ENDOWMENTS FROM Donations and legacies 19,293 19,293 8,782 Charitable activities Caring 16,843 304.814 321,657 321,345 Invèstment income 266 266 Total 36,402 304,814 341,216 330,127 EXPENDITURE ON Charitsbl& actt¥ities Caring 40,003 336,205 376,208 318,581 NET INCOMEIIEXPENDITUREI 13,601> 131,3911 134.9921 11,546 RECONCILIATION OF FUNDS Total funds brought forward 251,937 79,950 337,887 328,341 TOTAL FUNDS CARRIED FORWARD 254,336 48,559 302.895 337,887 The notes form part of these financial statement5 Page10
CARERS ISLE OF WIGHT BALANCE SHEET 31 MARCH 2023 2023 2022 Notès FIXED ASSETS T2ngible assets 10 23,723 37,174 CURRENT ASSETS Cash at bank and in hand 306,882 3CA,708 CREDITORS Amounts falling due within one year 127,7101 13,99SI NET CURRENT ASSETS 279,172 300,713 TOTAL ASSETS LESS CURRENT LIABILITIES 302,895 337,887 NET ASSETS 302,895 337,887 FUNDS Unreslricled funds Restricted funds 13 254,335 48.560 257,937 79,950 TOTAL FUNDS 302,895 337,887 The fina statements wère approved by the Board of Trustaes and authorised for issue on and were signed on behalf by.. S Bennett- Twslee The notes form part of these financial statements Page11
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES Basis of prèparing the finan¢ial statements The financial statements of the charty, which is a public benefit entity unrler FRS 102, have been prepared in accordance wth the Charities SORP IFRS 1021 Aceounting and Reporting by Charities.. Statement of Recommendeol Practice applieablè lo charities preparing IheiT accounts in ac¢ord¥nce with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectNe 1 January 2019}', Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland. and thè Charrfties Act 2011. The f5nancial slalements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial AGtNtties once the charity has entitlement lo the funds, it is probable that the incorne will be received and thÈ amount can be measured reliably. Expenditure Liabiltties are recognised as expenditure as soon as there is a legal or constructive obligation commrtting the charty lo th81 expenditure, (c is probable that a transfer of economic benefits wll be required in settlement and the amount of the oblig21ion can be measured reliabty. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related lo the tegOry. Where G0515 cannot be directty attribLJted to particular headings they have been allocated to activities Dn a basis consistent w(th the use of resources. Tangible fixèd assets Depreciation is provided at the following annual rates in order lo write off e8ch asset ovér ils estimated useful life. Ftxtures and fittings Motor vehicles Computer equipment 250/0 on cost 20Q/o on cost 250/0 on Cost Individual fixed assets costing £500 or more are capitslised 91 cost. Taxation The charty is exempt from tsx on its charitable activities. Fund accounting Unrestricted funds can be used in aecordaneè wlh the charf(able objectives at the discretion of the trustees. Restricted funds can only be used for particular testricled purposes wrthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raisèd for particular restricted purposes. Further explanation of the nature and PUTpose of each fund is included in the notes to the financial statements. Hirè purehasè and lèasing tommitments Rentals paid under operating leases are charged lo the Statement Df Financial Activities on a strsight line basis over the period of the lease. Pension costs and other post-retirement benefits The charity operates 8 defined contribution pension scheme. Contributions payable to th& chariws pension scheme are charged lo the Stslemenl of Financial Activf(ies in the period to which they relate. Page 12 continuèd...
CARERS ISLE OFWIGHT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 DONATIONS AND LEGACIES 2023 2022 Donations 19,293 8,782 INVESTMENT INCOME 2023 2022 Deposit account interest 266 All invèstment income is derived from assets held in the United Kingdom. INCOME FROM CHARITABLE ACTIVITIES 2023 2022 Activity Caring Grants 321,657 321.345 Grants received, included in the above, are as follows.. 2023 2022 IVIC prospectus Core funding IINC Carers Demen112 Support Service Mental Heah Carers Support Reminiscence Inteiaclive Therapy Community Grant Fund Winter Pressures Community Foundation Wales 283,148 4,770 281,345 10,000 20,000 10,000 11,250 16,500 2,600 2.500 320,768 321,345 CHARITABLE ACTIVITIES COSTS Support costs (see note 61 Direct Costs Totals Caring 301,902 74.306 376.208 Page 13 continued...
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 SUPPORT COSTS Governance costs Management Fin8n¢e Totals Caring 72,758 72 1,476 74,3 Support costs, included in thè above, are as follows.. Managèment 2023 2022 Total acltvilies Caring Wages Rent Motor expenses Insurance Telephone Postage and stationery SundrEs Computer costs Training Professional fees Repairs and renewals Srllall equipment 45,731 8,000 1,8 3,731 1,495 4,745 2,073 2,173 42,946 8,000 593 3,976 1,557 3,951 1,331 3,520 60 90 167 35 3.409 298 72,758 66,191 Finance 2023 2022 Total aclwitiès Caring Bank charges 72 96 Governance costs 2023 2022 Total 8clivilies Caring Independent Examinerfs fees 1,476 1,248 TRUSTEES. REMUNERATION AND BENEFITS There were no Iruslees. remuneration Dr other benefts for the year ended 31 March 2023 nor for the year ended 31 March 2022. Page 14 continued...
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 TRUSTEES. REMUNERATION AND BENEFITS - continued Trustees, expenses During the year no Irustee12022." One) was reimbursed out of pocket expenses lotalling nil 12022,. £1541 STAFF COSTS The av&r8ge Month number of employees during the year was as follows.. 2023 12 2022 12 Dirèct Management 13 13 No employees rec8ived emoluments in excess of £60,000. The key management personnel of the charty compromise the trustee5 2nd the manager. The lolal employment b&n@fils of thè key m8nagement personnel were £45,73012022.. £42.9461. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 8,782 8,782 Charttable activities Caring 40,000 281,34S 321,345 Total 48,782 281,345 330,127 EXPENDITURE ON Charitable activities Caring 29,602 288,979 318,581 NET INCOMEIIEXPENDITURE) Transfers belween funds 19,180 16,367 17,6341 116,3671 11,546 Net movement in funds 35,547 124,0011 11,546 RECONCILIATION OF FUNDS Total funds brought forward 222,390 103,951 326,341 TOTAL FUNDS CARRIED FORWARD 257,937 79,950 337,887 Page 15 continued...
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS - ¢ontinued FOR THE YEAR ENDED 31 MARCH 2023 TANGIBLE FIXED ASSETS Fixtures and frttings Motor vehicles Computer eouipment Totsls COST Al 1 April 2D22 Additions 739 10,799 70,467 711 81,405 711 At 31 March 2023 139 10,799 71,178 82,116 DEPRECIATION At 1 April 2022 Charge for year 139 2,160 2,180 41,932 12,002 44,231 14,162 Al 31 MarGh 2023 139 4.320 53.934 58,393 NET BOOK VALUE At 31 March 2023 6,479 17,244 23,723 At 31 March 2022 8,639 28,535 37,174 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade Creditors Other credrtors Accrued expènses 3,883 1,548 22,279 1,504 1.195 1,296 27,710 3,995 2023 2022 Brought forward Amount r@lèased to ineoming resour¢es Amount deferred in year 20,917 Carried fDrward 20,917 Deferred incom8 includes grant income reiVed priDr to the year end that relates to the following year. 12. ANALYSIS OF NEf ASSETS BETWEEN FUNDS 2023 Total funds 2022 Total funds Unreslrieled Restricted funds funds Fiyed assets Current assets Current liabilities 20,727 261,318 127,7101 2,996 45,564 23,723 306,882 127,7101 37,174 304.708 13,995} 254,335 48,560 302,895 337,887 Page 16 tonlinued...
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 13. MOVEMENT IN FUNDS Nel movement in funds At 31.3.23 At 1.4.22 Unrestricted funds Core IWC Carers Oemenlia Support SeNieè Mental Health Carers Support Reminiseence Inlera¢tive Therapy Connecting Care 220,198 13,688 10,559 7,500 5,9Q2 12,401 14,0831 16,4241 12,5001 I2,6) 232,599 9,605 4,135 5,000 2,996 257,937 13,6021 254,335 Restricted funds WC Prospectus IWC Adult social care Winter Pressures Community Foundation Wales 50,699 29,251 (12,7501 121.5171 377 2,500 37,949 7,734 377 2,500 79,950 131,3901 48,560 TOTAL FUNDS 337,887 134,9921 302,895 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movemènt in funds Unrestricted fund$ Core IWC Carers Dementia Support serVe Mental Heajth Carers Support Reminiscence Interactive Therapy Connecting Carers 25,151 112,750} 14,0831 (17,6751 12,5001 12,9961 12.401 14,0831 16,4241 12,5001 12,9961 11,251 36,402 {40,0041 13,6021 Restricted funds IWC Prosp&clus IWC Adult social care Community Grant Fund Winter Pressures Community Foundation Wales 283,214 1295,9641 121,51n 116,5001 12,2231 112,7501 121,5171 16,500 2,600 2,500 377 2,500 304,814 1335,2041 131,3901 TOTAL FUNDS 341,216 1376,2081 134,9921 Page 17 continued._.
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 13. MOVEMENT IN FUND5- continued Comparatives for movement In funds Nel movernent in funds Transfers be8rt funds At 31.3.22 Al 1.4.21 Unrestricted funds General fund IWC Carers Demèntia SLJPPOrt Service Mental Heaf(h Carers SLJPPOrt Reminiscen¢e InteraGtive Therapy Connecting Carers 222,390 (4,0801 5,201 10,559 7,500 1,888 8,487 220,198 13,688 10,S59 7,500 5,992 5,992 222,390 19,180 16.367 257,937 Restricted funds IWC Prospectus Awards for all Living Well IWC Adult social re IWC Carers Dementia Support Service Connecting Carers 35,648 733 15,051 13741 18971 118.4181 50,699 13591 897 47.669 8,487 11,414 29,2S1 18,4871 18,4181 12,9961 103.951 17,6341 116,367) 79,950 TOTAL FUNDS 326,341 11,546 337,887 Comparative nel movement in funds, included in the above are as follows.. Incoming resources Resources èxpended Movèment in funds Unrestricted funds General fund IWC Carers Dementia Support Semce Mental Heatth Carers Support Reminiscen InterdctDie Therapy 8,782 10,000 20,000 10,000 112,8621 14,7991 19,4411 12,5001 14,0801 5,201 10,559 7,500 48,782 129,6021 19,180 Restricted funds IWC Prospectus Awards for 311 Living Well IWC Adult social care Connecting Carers 281,345 1266,294} (374} 189n {18,4181 12,996} 15,D51 13741 18971 118,4181 12,9961 281,345 1288,9791 17,6341 TOTAL FUNDS 330,127 1318,5811 11,546 IW Prospectus The aim of the IW Prospectus funding is to reach out to carers that we do ntst know about, who do not identify themseeS as a carer, and ensure that all carers are recognised, respected and given the opportunty to have their support needs assessed and met. As well as providè clear pathways for carers lo the inforrnalion and services available lo support them. Improve caters groups and actDlities aimed al supporting carers aged over 18 and over. Page 18 ctsntinued...
CARERS ISLE OF WGHT NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2023 13. NIOVEMENT IN FUNDS - continued C Adult Soclal Care ASC fund is used to provide a link etween the seNice provided by C8rers IW ancl ThÈ IslÈ of Wight Council's Adult So¢ial Care department. IWC Carers Dementia Support Sèrvice Dementia support service funds 8re Lssed to offer PA stjpport to dementia sufferers, gNing their carers resptie. Connecting Carers Connecting Carèrs funds are used to employ PAS to provide respitè for carers during the pandemic. These funds were also used lo purchase IPads which werè loaned Dut to carers to help reduce carer isolslion. Mental Health Carers Support The Mental Health Carers Support is to fvnd the post of a Carers Support Worker based at the Ial mentsl hospital. Reminiscence Intera¢tive Therdpy Activity The Reminiscence Inleraclive Therapy AetDiity project is a project that provides use of spècialist technology lo stimulate patEnls of Dementia, in turn providing reprieve in their carers caring role. Communty Grant Fund The Community Grant Fund promdes cost of living support lo carers across the Isle of Wight. Winter Pressures The Winter Pressures fund proifjdes mindfulness 2Ctiv((ies for Carers. This also extended the support at Sevenacres hospital provided by tsur service. Community Fund Wales The Communty Fund Wales is used to run a sound bath experience for carers. 14. RELATED PARTY DISCLOSURES There were no relat&d paty transactions for the year ended 31 March 2023. Page 19