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 kno￿edge 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 ca￿rS, 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 Ca￿r$ 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 theMse￿eS 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 ca￿r5 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 V￿rked 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 Ca￿r$ 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 fO￿ard
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
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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)
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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 eX￿sS 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
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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
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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)
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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
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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 e￿een 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