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 sTATEME￿rs
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. ca￿r$ 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 phYs￿al impacl of caring and re￿1ve 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 cOn￿rnS 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 I￿al 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 ca￿rS 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 Va￿ety of
dementia scenarios that the audience is invited to participate at a level which is comfortable for them.
Dementia Training AV￿renesS
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
r￿uction 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 r￿Istered 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 effectr￿ety. 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 requ1￿Ments 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 Hea￿h 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 re￿iVed 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 serV￿e
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
be￿8￿rt
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 themse￿eS 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 I￿al
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