REGISTERED CHARITY NUMBER: 1157082 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR CARERS ISLE OF WIGHT
CARERS ISLE OF WIGHT CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities 10 Balance Sheet 11 Notes to the Financial Statements 12 to 19
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report with the financial statements of the charrty for the yèar ended 31 March 2024. The tWStees have adopted the provisions of Accounling and Reporting by Charities." statement of Recommended Practice applicable to chartties preparing their accounts in accordance wi(h the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effecttve 1 January 2019). OBJECTIVES AND ACTIVITIES Who we are Carers IW is a local charity supporting adult carers of adults on the Isle of Wight. A carer is anyone who cares, unpaid, for a famity mèmber or friend who cannot manage without their support. They might look after someone with a physical disability, long term health condition, mental health issue or a problem with substance misuse. We help carers to access support. services. education and training, and breaks from their caring role. W8 ensure carers on the Island have a voice in policy making and planning for services, and we work with health and social care professionals to develop best practice. Our aim is to create carer friendly communities where carers are recognised, valued and supported. Public benefit The trustees confirm that they have referred to the guidance contsined in the Charity Commission's general guidance on public benefit when reviewing the charws aims and objectives and in planning future activities. The trustees refer to public benefit throughout this report. Page 1
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Summary of 2023 We offer unpaid carers a service at the Carers Centre and through the Carers Lounge at the St Marys Hospital and the Carers Lounge at Sevenacres the Mental Health Hospttal. We offer a range of support to carers from emotional support. dernentia & mental health training and coping strategy woik, 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, Carers Assessments, Mental Health Support, Careers Resilience Workshops, Sound Baths and not forgetting our residential respite weekend offering carers time out, holistic therapies, meals and craft workshops. Carers accessed various sessions including our gym session as well as the setf-care café and support groups. Cost of Liwng Crisis In the past e1ve months we have received funding to assist unpaid carers n the community who are struggling to manage due to the Cost-of-Living Crisis. In January 2023 we received extra funding to offer carers support in relation to the cost-of-ltving crisis. We conducted suNeys and interviews to identify the specific financial challenges faced by unpaid carers. This included analysing factors such as housing costs, healthcare expenses, and overall economic stressors. We created a targeted support plan, including financial support by way of 4 categories to alleviate some of the pressures identrfied in the key financial findings. Funding appliances that have a low ènergy consumption and are proven to reduce the financial impact on inflating utility costs. Providing equipment and aids that were not identtfiable as a need through other departments, (for example NHS Occupalional Therapists) meant that cared for individuals were able to regain some indepèndence and in turn alleviate pressures on the unpaid carer. W(thout this funding. these Carers would not be able to fund these aids. Travel costs were reimbursed in the instsnces that the carer had to travel to visit or access healthcare for the person they care for. Clothing costs for example providing clothing for interviews for those carers looking to pursue employment opportunities that would be suitable for them to maintain a workllifelcaring balance. We rolled out the project across the Island, ensuring accessibility for a wide range of unpaid carers. Key workers wthin our organisation were encouraged to discuss the initiative with the unpaid carers on their caseload and how this might be beneficial to them. Funding was provided to carers on an application basis, submitted by the key worker. Carers Strategy Work We have been involved in holding various forums with carers in the community and other organisations as the local authorty are creating an up-ttAate carers strategy. We have enabled carers to influence services In other ways too, for example through our long-established working relationship wtth the local authority based on the shared aim of giwng carers the recognrtion and support they need. The director and senior managers now regularly meet wtth unpaid carers to hear about their experiences. Carers are on the Action Planning group and are involved in the process, to date we have run a focus group about GPS and a group aboLrt mental health issues. Carers have been instrumental in looking at how some of these issues could be resolved, for example, they have asked for a Crisis planning for carers Iraining day. Referrals We continue to have had an increased referral rate from all sectors. Staff & Volunteers Staff are working fEexibly from both home and office based depending on their da workload. The team continue to provide 74ays a week support for unpaid carers across the Island. Our Services Ring Round Support Our volunleer Ring Round Support Team and Trustees have all tsken extra referrals to ensure more carers feel fully supported. The service is manned by volunteers and overseen by a Trustee and the Manager. Volunteers offer carers a regular supportive telephone call to the carer and feedback to the Team if a Carer is struggling and needs more support. Volunteers have regutar group supervtsion for feedback regarding their cases. Carers Lounge Page 2
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2024 The Carers Lounge offers a 24r/ safe and welcoming space for unpaid carers to unwind. During core hours it offers carers the chance to reftect on thè emotional and physical impact of c2ring and recetve some help to negotiate the hospital journey from admission lo discharge. Carers are supported to communicate with the appropriate hospital stsff, understand their rights, access practical support. identify training needs, engage with other relevant agencies, and appty for specialised carer benefrts as appropriate. The team works with hospital colleagues to improve knoedge and understanding of the needs of carers to promote an inclusive approach when planning for patients. They also provrde ongoing support to carers from the point of discharge whether the cared for is going home or to a short-term placement. They are now working with the integrated discharge team to ensure that carers are part of the decision-making process prior to discharge where possible. It has been and continues to be a difficutt time as the Island is coping with a crisis in care in the communty which has meant that there is a significant number of medically optimised patients awaiting placement as there are severe shortages of care packageslcare placements available. The Carers Lounge has moved to the North Hospitsl as the current location is required for clinical reasons. Sevenacres Carers Lounge Carers IW have established a base for our Hospital Team Leader and a part time worker in Sevenacres to work with the hosprtal to support carers caring for someone with mental illness. The aim of this service is to improve care outcomes and more cost-effective service delNery. Their presence in Sevenacres has already led to increased referrals from all three wards, the Home Treatment Team, and carers themsefves. We established a carers support group at the Carers Centre for these carers and are developing OLrtreach to mental heatth carers in the communty. The team have worked closely with ward colleagues to implement improved carer identification, offer practical and emotional support to carers and working with hospital colleagues to improve knowledge and understanding of the needs of carers to promote an inclusNe approach when planning for patients. Carers are supported to communicale wtth the appropriate hosptsi staff, understand their rights. access practical support, identify training needs, engage wtth other relevant agencies. and apply for specialised carer benefits. The current Hospital Team Leader in Sevenacres is funded via the Local Authorty and the Carer Support Worker is currently funded through NHS until Mar 2025. Self- Care Café The Self-care C£fes are very popular and offer carers an opportunity to learn new skills, complete their journal, learn mindfulness, enjoy a craft activty, and gain from peer support. The weekly session offers a variety of activities the carers have requested, including nature walks followed by soup lunch, more opportunities to learn relaxation techniques they could use at home, a warm safe space to enjoy others company, be involved in a cook & eat session, and a therapy that gave them a sense of identty. Carers Assessments The Care Act 2014 sets out carS, legal rights to assessment and support. It states that a carer is eligible for an assessment if they provide substantial and regular support to someone who needs care. The carer's assessment is an opportunity 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 able or willing to carry on caring. All stsff members are able to complete a Carers Assessment with a carer. Emotional Support Carers are offered emotional support through Dne-t(Kine sessions wtth our trained staff. Ideally, we look towards encouraging carers into attending other support for example the Self-care sessions that offer a safe and therapeutic session that also promotes social interaction with peers. Thursday Social Drop in Our Carers Centre drop in for both carers, cared for peop and former carers offers a variety of activities from a chat and a cuppa, to leaming h¢)w to use an IPAD, Kindle 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. Resilience Workshops for Carers The workshops consisted of 6 sessions to work through various issues and learn some new coping strategies. The Carers feedback was very positive, and it was refreshing to witness Car$ using their strategies in their everyday lrfe. Page 3
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Substance Misuse Carers Group A new Carers Group for those supporting people with alcohol or addiction issues started in Fèbru8ry. It was facilitated by Inclusion and Carers IW. We had a good number of carers turn up and there were a lot of useful solution focussed discussions around the table. Drop in for Mental Health Carers The Friday morning drop in is Week and 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 talk freely. Art & Craft Group The Group meets weekly at the Carers Centre and has all ranges of abilities. We encourage coproduction when working with our carets. We wn a weekly art session, the carers attending decided to create a children's book, this led to the group verbalising stories about their characters. One carer slated that 'she felt like a worm. and no one listened to her,. They made fett worms and they started to draft the book. they want to make a video of the project. paint their own t-shirts, badges and eventually get the book printed and launch at their conference. Effecttvely other carers, once realising that they too can have respite and bè involved in exciting projects and feel that they have an identty. We havè been asked to run a conference for carers too. The carers group want to make a video, print their b¢Jok, and share this with others at our confèrènce in 2024, we feel that this project will glve earers a sensè of achievement, fun and feel proud of their achievements. Quiet Days A member of staff runs our quiet days in her home offering a range of well-being activities including relaxation, medttation, and a light lunch, wilh support from volunteers. Male Car&rs Social Group The male car8r social group meet every month once month. Generally, the group visit a pub that offers the option of food. It is a successful group that offers a lot of peer support to each other. This group is open to both former and Current carers. The members of the group are now beginning to offer peer support and buddy up with each other. often offering each other a supportive phone call during Ihe week. Take a Break Group This group is for Ihose carers whose cared for is in residential care or nursing home. Carers in this group really benefit from a crealive activity, holistic therapy, and peer support. The group is primarily run by volunteers and a member of staff available. Resplte Weekend for Carers We held respite weekends in the past year offering carers an opportunity to have some time off from their caring role, taking part in the various creattve workshops. holistic therapies, opportuntties to stay over rf they are able to. This is a popular activity that involves thè whole team enabling them to offer a different aspect to carers. The respite weekends are a great success and enable carers to stay over or attend for the day and participate in many activities. Bereavernent Two members of staff run individual sessions with bereaved carers. looking at dealing with their thoughts, feelings, grief, loss and emotions, as well as their identty, what next. Dementia Solution Focussed Strategies for Carers Group This group offers carers caring for someone wtth dementia the opportunty to bring their issues in regard to behaviours and look at how others have dealt with tt andlor look at Dr Gemma Jones work in relation to Dementia Awareness Reaching Communities. We consider that this wll be a useful resource that will enable carers to support each other and find a strategythat works for them as well as leaming more about dementia. This popular group offers any carer who has attended the training we run a further opportunty for additional learning and to gain from peer support andlor supportlstrategies. The group is supported by a volunteer and a member of staff. Gifts to Carers We have used various donations including gifts to stsff to give out over 25 Christmas Goodies Bags, and 25 food vouchers to carers who arè struggling to manage financialty or need a lift theMseeS due to their caring role. Page 4
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Training Dementia Awareness Training for Unpaid Carers We have a watting list for this training, we run some fve-week sessions in the year as well as the one-day training sessions for those carers who are unable to attend the f¢ve-week course. We work with carers caring for people with dementia and we have found that they need ongoing help. Generally, we dD not close these cases as they require ongoing support. The fjve-week session is very successful as it offers carers peer support and that they are not alone in their fears and understanding of the illness. The Iraining has been created on the principals of Dr Gemma Jones in relation to Dementia Awareness Reaching Communities, ensuring that the same message is going out across both ststLrtory and voluntary sectors. Getting most of a Care or Nursing Home Visit We discussed all the above and explained a care home dynamic and how the families could get the most out of their visit. We talked about times for visiting and times to avoid, communicating wtth staff and offering to assist at key times, such as meattimes. Getting to know the laundry team and asking what you can do to help, like labelling clothing and doing an inventory. Interesting discussions from those present and one or talked through some negativty they had experienced, and we tslked through these comments and how to avoid conflict and a understand what behaviours from relatives are acceptable and whal is not. Onè or two carers talked about how they had learnt not to wory about thè small things and to concentrate on the happiness of their relative. This was producttve and helpful for people to hear. People left with useful infomiation and a greater understanding of a care home dynamic and how to make the most out of their visits, which will in turn be more meaningful and impactful for their friend or relative. Breathlessness Session We ran a session about breathlessness with warious breathing exercises and advice from a respiratory nurse for those coping with this condition. Mental Health car5 Support Tralnlng The Sevenacre Carers Lounge are running monthly Carer Awareness training sessions wth the local NHS. Dementia Training Awareness We ran an awareness session for Paragon the domestic abuse charity, the police, and for nursing assistanls at Sevenacres hospital. Smart Watch We contacted Long Live to request that unpaid carers could trial their Smart Watch and app. We gave out 90 smart watches and a carer and her volunteer ran an extra workshop offering further support. The workshop went very well, there was standing room only. Nigel Vrked very hard and managed to get 800/0 connected and then went through the features on the watch. Page 5
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Finance On 1 st August 2020 we stsrted a new contract with the Local Authority, this covers all our services and is for the period of 3 years plus 2 years rf applicable. The aims of the IW Contract are: - To reach out to carers that we do not know about vtho do not identfy themselves as a carer. -Ensure that all carers are recognised, respected and given the opportunity to have their support needs assessed and met. - To provide Clear pathways for carers to the information and services available to support them. - Run a Carers Lounge based at both Hospital and Sevenacres. Improve carers groups and activities aimed at supporting Car$ aged over 18 and over. The accounts form part of this report and full details of the accounts of the charty are provided. Overall, the figures highlight a reasonably solid position for the charity moving forward. especially now thal the funding has been agreed with the IW Council. All projects are monrtored to ensure that they operate within budget and approved funding, on a full cost recovèry basis whenever possible. If project funding discontinues, then projects cannot conlinue. The Manager provides a highlights report at quarterly Trustee meetings reporting any key financial considerations. There can be little doubt that the financial climate for Carers IW will continue to be challenging. The reason for holding unrestricted free reserves is to protect Carers IW from the impact of shortfalls in forecast income or unforeseen expenditure. In an extreme case, the reseNes need to be sufficient to cease operations in such a way as to minimise disruption to users of our services, and to wnd up the operation without leaving creditors, considering the costs of statutory and contractual payments to staff 8nd the termination of existing contracts and leases. ReseNes Pollcy Trustees have examined the financial risks of the charty and have identified an amount within the free reserves which are those unrestricted funds not designated for specific purposes or othenmise committed and which the Trustees believe will be sufficient to maintain the unrestricted acttvtties of the charity in the event of a reduction in future funding. The reserves that we have set aside provide financial stability and the means for the future development of supporting unpaid carets. We have included the redundancies funds in our reserves and need to be able to fund any shortfalls in income for example when there is downward pressure on cash flow or when income does not reach expected levels. Office Related Expendtture Currently we rent our Carers Centre through CAIW at a cost of £8k pa, including access to private part of server, internet costs, lighting & heating. it. We pay for the whole Youth Hostel rèntal for the respite weekend twice a year as applicable. Telephone costs are paid via DD., staff receive telephone allowance. Sessional staff have an inclusive cost per hour to include various expenses. We employ a Finance Officer to provide bookkeeping, bank reconciliation, set up monthly management reports, preparation of accounting records. Page 6
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT Legal Status & Governing Body Carers IW is a Charfcable Incorporated Organisation a registeEd Charty number 1157082. Its registered office is Carers IW, Riverside Centre, The Quay, Newport, Isle of Wight, P030 2QR. The charity is governed by its constitution. The followtng is an extract from our constrtLrtion". Carers IW is an independent charity based on the Isle of Wight, supporting unpaid adult carers of adults. The objects of the CIO are To relieve the stresses experienced by carers, over the age of 18 who have care needs, as a result of disability, illness or age wtthin the Isle of Wight (the carer may reside in or work in or care for a person who resides within the Isle of Wight), in particular but not exclusively by.. Providing a contact point for help for carers over the age of 18- Identifying carers who struggle to cope in their caring role,. Working with other agencies and charities to develop setvices for carers; Offering carers, a break through support groups; Gathering and disseminating information relevant to carers issues., Raising awareness of and promoting the needs of carer5 throughout the Isle of Wight with local policy makers and service providers", Raising funds to achieve the above., REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1157082 Principal address The Riverside Centre The Quay Newport Isle of Wight P030 2QR Trustees Sue Bennett- Chair of Trustees Wendy Holleyman - Deputy Chair of Trustees Barry Jackman Hugh Harrison Maurice Dix Catherine Hands The board meets at least four times a year and the formal management of the charty is delegated to Elizabeth Martin, Service Manager. None of our trustees gain from remuneration or other benefrt from their work with the char(ty. If we have a Trustee vacancy through resignation, or that the existing trustees have decided that one or more new trustees wrth specific skills are needed to help run the charity more effectively. The trustees consider the best methods of attracting a diverse range of candidates with the skills the charty needs. Short-listing and interviews take place against agreed criteria. Interviews are carried out by a small panel of trustees, and each candidate is asked similar questions to ensure a fair and objective approach. Preferred candidates are identified and invited to join the trustees, subject to references, fomial vetting and approval by the full trustee board. Unsuccessful candidates are nottfied and thanked for their interest. Page 7
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner S F Macki&, FCA Morris Crocker Chartered Accountants Station House North Street Havant Hampshire P09 1QU Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ Approved by order of the board of trustees on ....... ql.i..L.l L* and signed on its behalf by- S Bennett- Trustee Page 8
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CARERS ISLE OF WIGHT Independent examinerfs report to the trustees of Carers Isle of Wight I report to the charity trustees on my examination of the accounts of Carers Isle of Wight (the Trust) for the year ended 31 March 2024. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance wtth the requirements of the Chartties Act 2011 (Ihe Act'}. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in Carrying out my examination I have followed all applicable Directions given by the Charty Commission under Section 145(5){bl of the Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I c8n confirm that l am qualrfied to undertake the examination because l am a member of the Inslitute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. l confirm that no material matters have come to my attention in connection with the examination giving me cause to 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 accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the fom and conlent of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair vtewwhich is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connectlon 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 Accountants Station House North Street Havant Hampshire P09 1QU 9 December 2024 Page 9
CARERS ISLE OF WIGHT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 14,618 14,618 19,293 Charitable activities Caring 20.917 334.082 354,999 321,657 Investment income 585 585 266 Total 36,120 334,082 370,202 341,216 EXPENDITURE ON Charitable actlvEtles Caring 41,234 369,806 411,040 376,208 NET INCOMEI(EXPENDITURE (5,114) (35,724> <40,838) (34,992> RECONCILIATION OF FUNDS Total funds brought fOard 254,335 48,560 302,895 337,887 TOTAL FUNDS CARRIED FORWARD 249,221 12,836 262,057 302,895 The notes fonn part of these financial statements Page 10
CARERS ISLE OF WIGHT BALANCE SHEET 31 MARCH 2024 2024 2023 Notes FIXED ASSETS Tangible assets 10 10,799 23,723 CURRENT ASSETS Cash at bank and in hand 262,589 306,882 CREDITORS Amounls falling due within one year 11 (11.331) (27,7101 NET CURRENT ASSETS 251,258 279.172 TOTAL ASSETS LESS CURRENT LIABILITIES 262,057 302,895 NET ASSETS 262,057 302,895 FUNDS Unrestricted funds Restricted funds 13 249,220 12,837 254,335 48,560 TOTAL FUNDS 262,057 302,895 The financial statements were approved by the Board of Trustees and authorised for issue on . and were signed on its beha by". S Bennett- Trustee The notes form part of these financial statements Page 11
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charty, which is a public benefit entity under FRS 102, have been prepared in accordance wtth the Charities SORP (FRS 102> Accounting and Reporting by Charities.. Statement of Recommended Praclice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. The trustees consider that there are no material uncertainties regarding the charWs abilty to continue as a going concem. Income All income is recognised in the Statement of Financial Actwities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charty 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 directty attributed to particular headings they have been allocated to 8Ctivities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to wrlte off each asset over its estimated useful life. Fixtures and fittings Motor vehicles Computer equipment 250/0 on cosl 200A on cost 25 /) on cost Individual fixed assets costing £500 or more are capttalised at cost. Taxation The charty is exempt from tax on rts charitsble actwities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restncted purposes wtthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasing commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charitrfs pension scheme are charged to the Ststement of Financial Activities in the period to which they relate. Page 12 continued...
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES 2024 2023 Donations 14,618 19,293 INVESTMENT INCOME 2024 2023 Deposit account interest 585 266 All investment income is derived from assets held in the Untied Kingdom. INCOME FROM CHARITABLE ACTIVITIES 2024 2023 A¢twty Caring Grants 354,999 321,657 Grants received, included in the above. are as follows.. 2024 2023 IWC prospectus Core funding Mental Health Carers Support Community Grant Fund Winter Pressures Community Foundation Wales 286.582 280,260 8,547 11,250 16.500 2,600 2,500 20,917 45.000 2,500 354,999 321,657 CHARITABLE ACTIVITIES COSTS Support costs {see note 6) Direct Costs Totals Caring 335,770 75,270 411,040 SUPPORT COSTS Governance costs Management Finance Totsls Caring 73.662 60 1,548 75.270 Page 13 ntinued...
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS- continued Support costs, included in the above. are as follows: Management 2024 2023 Total activities Caring Wages Rent Motor expenses Insurance Telephone Postage and stationery Sundrles Computer costs Training Professional fees Repairs and renewals Small equipment 45,668 8,000 547 3,733 1,726 4,983 2,671 2,893 36 35 1.095 2,275 45,731 8,000 1,068 3,731 1,495 4,745 2,073 2,173 35 3,409 298 73,662 72,758 Finance 2024 2023 Total activities Caring Bank charge5 60 72 Governance costs 2024 2023 Total activities Caring Independent Examiner's fees 1,548 1,476 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefts for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees, expenses During the year no trustee (2023.. One) VRS reimbursed out of pocket expenses totalling nil (2023.. £154) Page 14 continued...
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 STAFF COSTS The average monthly number of employees during the year was as follows: 2024 2023 12 Direct Management 12 13 No employees received emoluments in eXsS of £60.000. The key management personnel of the charity compromise the trustees and the manager. The total employment benefrts of Ihe key management personnel We £45,668 (2023: £45,730). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 19,293 19,293 Charitable activities Caring 16,843 304.814 321,657 Investment income 266 266 Total 36,402 304,814 341,216 EXPENDITURE ON Charitable activities Caring 40,003 336,205 376,208 NET INCOMEI(EXPENDITURE) (3,601) (31,391) (34,992) RECONCILIATION OF FUNDS Total funds brought forward 257,937 79.950 337,887 TOTAL FUNDS CARRIED FORWARD 254,336 48,559 302,895 Page15 continued...
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 10. TANGIBLE FIXED ASSETS Fixtures and frttings Motor vehicles Computer equipment Totals COST At 1 April 2023 Additions 139 10,799 71,178 654 82,116 654 At 31 March 2024 139 10,799 71,832 82,770 DEPRECIATION At 1 April 2023 Charge for year 139 4,320 2,159 53,934 11.419 58,393 13,578 At 31 March 2024 139 6,479 65,353 71,971 NET BOOK VALUE At 31 March 2024 4,320 6,479 10,799 At 31 March 2023 6,479 17,244 23,723 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors other creditors Accrued expenses 8,690 1,213 1,428 3,883 1,548 22,279 11,331 27,710 2024 2023 Brought forward Amount released to incoming fesources Amount deferred in year 20,917 {20,91n 20,917 Carried foNard 20,917 Deferred income includes grant income received prior to the year end that relates to the following year. 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Total funds Unrestricled Restricted funds funds Fixed assets Currenl assets Current liabilities 7,149 253.402 {11,331) 3,650 9,187 10,799 262,589 (11,331) 23,723 306,882 (27,710} 249,220 12,837 262,057 302,895 Page 16 continued...
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds Core IWC Carers Dementia Support Servi Mental Health Carers Support Reminiscence Interactive Therapy Connecting Carers 232.599 9,605 4,135 5,000 2,996 2,129 (4,429) 2,681 (2,500} (2,996} 234,728 5,176 6,816 2,500 254,335 Restricted funds IWC Prospectus IWC Adult social care Commun(ty Grant Fund Winter Pressures Community Foundation Wales (5,115) 249,220 37,949 7,734 (37.315) (7.016) 8.971 (363) 634 718 8,971 14 2,500 377 2,500 48,560 (35,723) 12,837 TOTAL FUNDS 302,895 (40,838) 262,057 Net movement in fvnds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds Core IWC Carers Dementia Support Service Mental Health Carers Support Reminiscence Interacttve Therapy Connecting Carers 15,202 {13,073) (4,429) (18,237) (2,500) {2,996) 2,129 (4,429) 2,681 (2.500) (2,996) 20,918 36,120 (41,235) (5,115) Restricted funds IWC Pr05pectus IWC Adult social care Community Granl Fund Winter Pressures Community Foundation Wales 286,582 (323,897) (7,016) <36,029) {363) (2,500) (37,315) (7,016) 8,971 (363) 45.000 2,500 334,082 (369.805) {35,723) TOTAL FUNDS 370.202 (411,040) (40,838) Page 17 continued...
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds Al 31.3.23 At 1.4.22 Unrestrtcted funds Core IWC Carers Dementia Support Service Mental Health Carers Support Reminiscence Interactive Therapy Connecting Carers 220,198 13,688 10,559 7.500 5,992 12,401 (4,083) (6,424) (2,500) (2,996) 232,599 9,605 4,135 5,000 2,996 257,937 {3,602> 254,335 Restricted funds IWC Prospectus IWC Adult social care Winter Pressures Community Foundation Wales 50,699 29,251 112.750) (21,51n 377 2,500 37,949 7,734 377 2,500 79,950 (31,390) 48,560 TOTAL FUNDS 337.887 (34,992) 302,895 Comparative net movement in funds, included in the above a as follows: Incoming resources Resources expended Movement in funds Llnrestricted funds Core IWC Carers Dementia Support Service Mental Health Carers Support Reminiscence Interactive Therapy Connecting Carers 25,151 (12,750) 14,083) (17,675) {2,500) (2,996) 12,401 (4,083) (6,424) <2,500) (2,996) 11,251 36,402 {40,004) (3,602) Restricted funds IWC Prospectus IWC Adult social care Community Grant Fund Winter Pressures Community Foundation Wales 283.214 (295,964) (21,517) (16,500) (2,223) (12,750) (21,517) 16,500 2,600 2.500 377 2,500 304,814 (336,204) (31,390) TOTAL FUNDS 341.216 (376,208) (34,992) IW Prospectus The aim of the IW Prospectus funding is to reach out to carers that we do not know about, who do not identfy themselves as a carer, and ensure that all carers are recognised, respected and given the opportunity to have their support needs assessed and met. As well as provide clear pathways for carers to the information and selvices available to support them. Improve carers groups and activities aimed at supporting carers aged over 18 and over. IWC Adult Social Care Page 18 continued...
CARERS ISLE OF WIGFrr NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 13. MOVEMENT IN FUNDS - continued ASC fund is used to provide a link eeen the service provided by Carers IW and The Isle of Wight Council's Adult Social Care department. IWC Carers Dementia Support SeNAce Dementia support service funds are used to offer PA support to dementia sufferers. gNing their carers respite. Connecting Carers Connecting Carers funds are used to employ PAS to prov(de respite for carers during the pandemic. These funds were also used to purchase IPads which were loaned out to carers lo help reduce carer isolation. Mental Health Carets Support The Mental Health Carers Support is to fund the post of a Carers Support Worker based at the local mental hospttal. Reminiscence Interactive Therapy Activity The Reminiscence InteractNe Therapy Activty project is a project that provides use of specialist technology to stimulate patients of Dementia, in turn providing reprieve in their carers caring role. Communlty Grant Fund The Communty Grant Fund provides cost of living support to carers across thelsle of Wight. Winter Pressures The Winter Pr&ssures fund provides mindfulness activities for carers. This also extended the support at Sevenacres hospital provided by our service. Community Fund Wales The Communty Fund Wales is used to run a sound bath experience for carers. 14. RELATED PAR DISCLOSURES There were no related paty transacts'ons for the year ended 31 March 2024. Page 19