REGISTERED CHARITY NUMBER: 1157082 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S FOR CARERS ISLE OF WIGHT
CARERS ISLE OF WIGHT CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Ststements 10 to 18
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 202S Thè Irustees prèsent their report WFth the financial statements of the chartty for thè year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019). OWECTIVES AND ACTMTIES Who we arè Carers IW is a local charity supporting adutt carers of adults on Ihe Isle of Wight. A carer is anyone who caS, unpaid, for a family member orfriend who cannot manage without their support. They might look after someone with a physical disability, long tenn heatth condition, menlal health issue or a problem with substsnce misuse. We help carers lo access support, services. edLEcation and training. and breaks from thelr caring role. We ensure ¢arers on the Island have a voice in policy making and planning for services, and we work with health and social care professionals to dèvelop best praclice. Our aim is to create carer friendly communities wherè carers are recognised, valued and supportèd. Publlc beneflt The truslees confirm that thèy have referred to Ihe guidance contsined in the Charity Commission's general guidance on publi¢ benefrt when reviewing the charity's aims and objectives and in planning future aGlivities. The trustees refer to public benefit Ihroughout this report. Page 1
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE Summary of 2025 We offer unpaid carers a semce at the Carers Centre and Ihrough the Carers Lounge at the Sl Marys Hospital and the Carers Lounge at Sevenacres the Mental Health Hospital. We offer a range of support lo carers from emotional support, dementia & mental heallh Iraining and coping strategy work, respile 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. Carer5 Assessments. Mental Health Support. Carers Resilience Workshops. Sound Baths and not forgetting our residential respite weekend offering carers timeout, holislic therapies. meals and craft workshops. Carers accessed various sessions including our gym session as well as the self-care café and support groups. Carers Strategy Work We have been involved in holding various forums with carers in the community and other organisations as the local authority are creating an up-l¢>dale carers slralegy. We have enabled Garers lo influence services in other ways loo, for example through our long-established working relationship with the local authority based on the shared aim of giving carers Ihe recognition and support they need. The Director and senior managers now regularly meet with unpaid carers to hear about their experiences. Carers are on the Action Planning group and are involved in the prOS5. Carers have been instrumental in looking at how some of these issues could be resolved, for example, they asked for a Carers Conference and decided what they wanted to happen at this event. Referrals We continue to have had an increased referral rate from all sectors. Stsff & Volunteers Staff are working flexibly from both home and office based depending on Iheir daily workload. The team continue to provide 7-days a week support for unpaid carers across the Island. Our Servlces Ring Round Support Our volunteer Ring Round Support Team and Truslees have all taken extra referrals lo 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 lelephone call to the carer and feedback lo the Team if a Carer is struggling and needs more support. Volunteers have regular group supervision for feedback regarding their cases. Carers Lounge The Carers Lounge offers a 2417 safe and welcoming space for unpaid carers to unwind. During core hours il offers carers the chance to reflect on the emotional and physical impact of caring and receive some help to negoliale the hospital journey from admission lo discharge. Carers are supported lo communicate with the appropriate hospital staff, understand their righls, access practical support, identify training needs, engage with other relevant agencies, and apply for specialised carer benefits as appropriate. The team works with hospital colleagues to improve knowledge and understanding of the needs of carers to promote an inclusive approach when planning for patients. They also provide ongoing support to carers from the point of discharge whether the cared for is going home or to 8 short-term placement. They are now working with the integrated discharge team lo ensure that carers are part of the decision-making process prior lo discharge where possible. It has been and continues to be a difficult time as the Island is coping with a crisis in care in the community which has meanl that there is a significant number of medically optimised patients awaiting placement as Ihere are severe shortages of care packageslcare placements available. Sevenacres Carers Lounge Carers IW have an established base in Sevenacres to work with carers caring for someone with mental illness. The aim of this service is to improve care outcomes and more cosl-effective service delivery. Their presence in Sevenacres has already led to increased referrals from all three wards, the Home Treatment Team, and carers themselves. We established a carers support group at the Carers Centre for Ihese carers and are developing outreach to mental health carers in the community. Page 2
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Self- Care Café The Self-care Cafes facilTtated by staff offers carers an opportunty to le2m new skills, complete their journal, leam mindfulness, enjoy a craft acttwty, and gain from peei support. The weekly session offers a variety of activitie5 the carers have requesled, including nature walks followed by soup lunch, more opportunities to learn relaxation techniqups they could use at home. a warm safe Spa to enjoy others company, be involved in a cook & eat session, and a therapy that gave them a sense of identity. Carers Assessments The Care Acl 2014 sets out carers. legal rights to assessment and support. It slales that a carer is eligible for an assessment if they provide substsntial and regular support to someone who needs tare. The carerfs assessment is an opportunity to discuss with the local council what support OT seNices needed. The assessment will look al how caring affects their life, including for example, physical. mental, and emotional needs, and whether they are able or willing to carry on caring. All staff members are able to complete a Carers Assessment wrth a carer. Emotional Support Carers are offered emolional support through one-lo-one sessions with our trained staff. Ideally, we look toward5 encouraging carers into attending other support for example the Self-care sessions that offer a safe and therapeutic session that also promotes social interaction wrth peers. Thursday Social Drop in The drop in is facilitated by a member of staff is for both carers, cared for peoplè and former c2rers offers a variety of activities from a chat and a cuppa, to leaming how to use an IPAD, Kindle or enjoying a quiz. Thi5 has been attended by many carers and their cared for as Ihey are struggling lo manage in the home environment. Resilience Workshops for Carers The workshops, facilitated by members of staff, consist of 6 sessions to work through various issues and to learn some new coping strategies for Ihem in their caring role. The carers feedback was very posilive, and it was refreshing to witness carers using their slrategies in thèir everyday life. Substsnce Misuse Carers Group A new Carers Group for those supporting people wtth alcohol or addiction issues started in February. It was facilitated by Inclusion and Carers IW. We had a good number of carers tum up and ther& were a lot of useful solution focussed discussions around the lable. Drop in for Mental Health Carers The Friday morning drop in 15 facililated by a member of staff. tt runs weekly, and the staff offer a session once a month in the evening. The gioup on a Friday is well attended, we have decided to offer a craft session within the group as we know from experience that that sharing this activity enables carers to lalk freely. We have arranged for a variety of speakèrs attend throughout the year. Art & Craft Group The Group meels weekly at the Carers Centre facilitated by a member of staff. We encourage coproduction when WOTking wtth our carers. We run a weekly art session, the carers attending decided lo create a children's book, this led to the group verbalising stories aboul their characters. One carer staled that 'she fett like a wonn, and no one listened to herf. They made felt womis and they started to draft the book. The carers made a video of the project, painted their own l-shirts. badges and the book was printed and launched at the Carers Conference. Quiet Days A member of staff runs our quiet days in her home offering a range of well-being activities including relaxation, meditation, and a light lunch, with support from volunteers. Male Carers Social Group The male carer social group, facililated by a male member of staff. meet oncè a rnonlh at a venue of their hoosing. It is a sucSsful group that offers a lot of peer support lo each other. This group 15 open to both former and current carers. The members of the group are now beginning to offer peer support and buddy up Wtth each other, often offering each other a supportive phone call during the week. Page 3
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Take a Break Group This group is for those carers whose cared for is in a residential or nursing home. Offering carers a safe transition and learning how to support their cared for. whilst dealing with their own emotions. Carers in this group really benefit from a creative activity. holistic therapy. and peer support. The group is primarily run by volunteers and a member of staff. Respite Weekend for Carers Carers IW hold re5Plte weekends a year offering carers an opportunty to have some time off from their caring role, taking part in the various creative workshops. holistic therapies, opportunities to slay over if they can. This is a popular activity that involves the whole team which enables carers to see staff in a different role. The respite weekends ale a great success and enable carers to stay over or attend for the day and participate in many activities. Bereavement Carers IW staff run individual sessions wth bereaved carers, looking at dealing with their thoughts, feelings, grief, loss and emotions, as well as their sense of identty. Dementia Solutlon Focussed Strategies for Carers Group This group facilitated by Carers IW offers carers caring for someone with dementia the opportunity to bring their issues in regard to behaviours and look at how others have dealt with il andlor look at Dr Gemma Jones work in relation to Demenlia Awarèness Reaching Communilies. We consider that this will be a useful resourcè 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 ¢arer who has attended the training we run a further opportuniiy for additional learning and lo gain from peer support andlor supportlstrategies. The group is supported by a volunteer and a member of staff. Parklands Dementia Hub We recruited staff to offer carer support and training based al Parklands. Trainlng Dementia Awareness Training for Unpaid Carers Carers IW run Dementia training for unpaid carers. The four-week session is very successful as it offers carers peer support and that they are not alone in their feafs and understanding of the illness. The training has been created on the principals of Dr Gemma Jones in relalion lo Dementia Awareness Reaching Communities, ensuring that the same message is going out across both statutory and volunlary sectors. Hospital or Care or Nursing Home Workshop Carers IW facilitated a workshop was a mixture of carers experiences. presentation and questions and answers session enabling carers to prepare for a hospital or care home slay. Mental Health Carers Training. Carers IW run regular Carer Awareness training sessions for staff and a separate course for unpaid carers coping with their cared for in crisis. Forum Theatre Tralnlng We facilitated Io-daY course offering professionals an opportunity to engage in a theatre slyle training programme about unpaid carers needs. Page 4
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVJEW Finance The accounts form part of this report and full details of the accounts of the charity are provided. All projects are monitorèd to ensure that they operate within budget and approved funding. on a full $1 recovery basis whenever possible. The Manager providès a highlights report at quarterly Trustee meetings reporting any key financial considerations. The reserves that we have set aside provide financial stabilty and the means for the future development of supporting unpaid carers. We employ a Financ& Officer to provide bookkeeping, bank rèconciliation, set up monthly management reports, preparation of accounting records before annual independent examination. Reserves Policy Trustees have examined the financial risks of the eh2rity and have identrfied an amount within thè free rèsèTves which are those unrestricted funds not designated for specific purposes or olhemise comm(tted and which the Trustees believe will be sufficient to maintain the unrestricted activities of the charty in the event of a reduction in future funding. The reserves that we have set aside provide financial stabilty and ihe means for the future development of supporting unpaid carefs. We have included the redundancies funds in our reserves and need to be able to fund any shortfalls in income for example when there 15 downward pressure on cash flow or when income does nol reach expected levets. STRUCTURE, GOVERNANCE AND MANAGEMENT Legal Status & Goveming Body Carers IW is a Charitable Incorporated Organisation a registered Charity number 1157082. Its registered office is Carers IW, Riverside Centre. The Quay, Newport, Isle of Wight. P030 2QR. The charity is governed by Tts conslitulion. The following is an extract from our Constitution: Carers IW is an independent charity based on the Isle of Wight. supporting unpaid adult carers of adutts. 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 within the Isle of Wighl (Ihe Carer may reside in or work in or care for a p8rson who resides within Ihe Isle of Wight). in particular but not exclusively by: Providing a contacl point for help for carers over the age of 18., Identifyin9 carers who struggle to cope in their caring role- Working with other agencies and charities to develop semces for carers: Offering carers, a break through support groups.. GatheTing and disseminating information relevant to carers issues-, Raising awareness of and promoting the ne5 of carers IhroughoLrt the Isle of Wight with local policy makers and service providers: Raising funds to achieve the above., REFERENCE AND ADMINISTRATIVE DAlLs Registered Charity number 1157082 Principal address The Riverside Centre Thè Quay Newport 151e of Wight P030 2QR Page 5
CARERS ISLE OF WIGHT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Trustees Sue Bennett- Chair of Trustees Wendy Holleyman - Deputy Chair of Trustees Hugh Harrison Maurice Dix Catherine Hands Derek Norton Ann Nash The board meels at least four times a year and the formal management of the charity is delegated to Elizabeth Martin, Semce Manager. None of our trustees gain from remuneration or other benefit from their woik with the charity. If we have a Trustee vacancy through resignation, or that the existing trustees have decided that one or more new trustees with specific skills are needed lo help run the charity more effectively. The trustees consider the best methods of attracting a diverse range of candidates with thè skills the charity needs. Short-listing and interviews take place against agreed criteria. Interviews are carried out by a small panel of trustees. and each ¢andidale is asked similar questions to ensure a fair and objective approach. Preferred candidates are identified and invited lo join the trustees. subject to references. formal vetting and approval by the full Iruslee board. Unsuccessful candidates are notified and thanked for their interest. Independent Examlner S F Mackie, FCA Morris Crocker Chartered Accountants Lake House 2 Port Way Port Solent Portsmouth Hampshire P06 4TY Bankers CAF Bank 25 Kings Hill Avenue Kings Hill Wesl Malling Kent ME19 4JQ Approved by order of the board of trustees on ............ and signed on its behalf by.. S Bennett - Trustee Page 6
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 charty trustees on my examination of the accounts of Carers Isle of Wight {the Trust) for the year ended 31 March 2D25. Responsibilities and basis of report As the charity trustees of the Trust you are reswnsibl& for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (e Act'}. I rèport in respect of my examination of the Trust's accounts Carried otrt under Section 145 of the Acl and in carrying out my examination I have followed all applicable Directions gtven by the Charty Commission undèr Section 145(5)Ibl of thè Act. Independent examinerfs statement Since your chartys gross income éxceeded £250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accoun12ntg in England and Wales. which is one of the listed bodies. I have completed my examination. l Mnfim that no material matters have come lo my attention in connection with the examination giving me cause to beliève that in any material respect.. accounting records were not kepl in respect of the Trust as required by Section 130 of the Ad. or the accounts do not accord with those records., or the accounts do not comply wilh the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and 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 cx)nnection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reachèd. S F Mackie, FCA Morris Crocker Chartered Accounlants Lake House 2 Port Way Port Solent Portsmoulh Hampshire P06 4TY Date: 1510112026 Page 7
CARERS ISLE OF WIGHT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 9.805 9,805 14,618 Charitsble activities Caring 23.750 357.000 380,750 354,999 Investment income 510 510 585 Total 34,065 357,000 391,065 370,202 EXPENDITURE ON Charitsble activltles Caring 27,793 368.137 395,930 411,040 NET INCOMEI{EXPENDITURE} Transfers betN4een funds 6,272 (79) (11.13n 79 14,8651 {40,838) 13 Net movement in funds 6.193 {11.058} {4,8651 140,838) RECONCILIATION OF FUNDS Total funds brought forward 249.220 12.837 262,057 302,895 TOTAL FUNDS CARRIED FORWARD 255,413 1.779 257.192 262,057 The notes form part of these financial statements Page 8
CARERS ISLE OF WIGHT BALANCE SHEEr 31 MARCH 202S 2025 2024 Notes FIXED ASSErs Tangible assets 10 3,735 10,799 CURRENT AssErs Cash at bank and in hand 258.893 262.589 CREDITORS Amounts falling due within one year 11 (5,436) (11,331) NET CURRENT ASSETS 253.457 251,258 TOTAL ASSETS LESS CURRENT LIABILITIES 257,192 262,057 NET ASSETS 257,192 262,057 FUNDS Unrestricted funds Restricted funds 13 255,411 1,781 249,220 12,837 TOTAL FUNDS 257,192 262,057 The financi81 statements were approved by the Board of Trustees and aLrthorised for issue on . and were signed on its behalf by. S Bennett- Trustee The notes form part of thèse financial statements Page 9
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparing the financial ststements The financial statements of the charity. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charities.. Slalement of Recommended Practice 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 arè no material uncertainties regarding the charitys ability to continue as a going ¢oncern. Income All income is recognised in the Statement of Financial Aclivilie5 once the charity has entitlement lo the funds, it is probable Ihal the income will be received and the amount can bè measured reliably. Expènditure Liabilities are recognised as expenditure as soon as there is a legal or construdive obligation committing the charity lo that expenditure. it is probable Ihal 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 relatèd to the category. Where costs cannot be directly allributed to particular headin9S they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order lo wrrte off each asset over its estimated useful life. Fixtures and fittings Motor vehicles Computer equipment 25°/D on cost 200/0 on cost 25Yo on cost Individual fixed assets costing £500 or more are capitalised at cost. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unreslricled funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes wilhin the objects of the charity. Restridions 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 Slalement of Financial Activities on a straight line basis over the period of Ihe lease. Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Actiwties in the period to which they relate. Page 10 continued...
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 DONATIONS AND LEGACIES 2025 2024 Donalions 9.805 14.618 INVESTMENT INCOME 2025 2024 Dèposit accounl interest 510 585 All investmenl income is derived from assets held in the United Kingdom. INCOME FROM CHARrrABLE ACTIVITIES 2025 2024 Activty Caring Grants 380,750 354,999 Grants received, included in the above, are as follows.. 2025 2024 IWC prospectus Core funding IWC Adult social care Mental Health Carers Support Community Grant Fund Community Foundation Wales Accelerating reform 290,066 2,750 28,684 21,000 286,582 20,917 45.000 2,500 38,250 380,750 354,999 CHARITABLE ACTIVITIES COSTS Support costs (see note 6) Direct Costs Totals Caring 327,380 68,550 395.930 SUPPORT COSTS Govemance costs Managemenl Finance Totals Caring 66,990 60 1,500 68,550 Pag&11 continued...
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 SUPPORT COSTS- continued Support costs. included in the above, are as follows- Management 2025 2024 Total activities Caring Wages Rent Motor expenses Insurance Telephone Postagè and stationery Sundries Computer costs Training Professional fees Repairs and renewals Small equipment 41,735 8,500 599 4,104 1,609 2,876 1,506 3.047 2.300 35 233 446 45,868 8,000 547 3,733 1,726 4,983 2,671 2,893 36 35 1,095 2,275 66,990 73,662 Finance 2025 2024 Total activities Caring Bank charges 60 60 Governance costs 2025 2024 Total activities Caring Independent Examinerfs fees 1,500 1,548 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or olher benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses During the year no trustee {2024- none) was reimbursed out of pocket expenses lotalling nil 12024.. £nil) Page 12 continued..-
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31 MARCH 2025 STAFF COSTS The average monthly number of employees during the year was as follows: 2025 14 Direct Management 2024 11 15 12 No employees received emoluments in excess of £60,CQO. The key management personnel of the charity compromise the trustees and the manager. The lolal employment benefits of the key management personnel were £41,735 {2024'. £45,668). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 14.618 14,618 Charitable activities Caring 20,917 334,082 354,999 Investment income 585 585 Total 36,120 334,082 370,202 EXPENDITURE ON Charitable activities Caring 41,234 369,806 411,040 NET INCOMEIIEXPENDITURE) (5,114) (35.724) (40,838) RECONCILIATION OF FUNDS Total funds brought fornard 254,335 48,560 302,895 TOTAL FUNDS CARRIED FORWARD 249.221 12,836 262,057 Page 13 continued...
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 10. TANGIBLE FIXED ASSETS Fixtures and fittings Motor vehides Computer equipment Totals COST At 1 April 2024 Additions 139 10.799 71,832 1,427 82,770 1.427 At 31 March 2025 139 10,799 73.259 84,197 DEPRECIATION At 1 April 2024 Charge for year 139 6,479 2.160 65,353 6,331 71,971 8,491 At 31 March 2025 139 8.639 71.684 80.462 NET BOOK VALUE At 31 March 2025 2,160 1,575 3,735 Al 31 March 2024 4.320 6,479 10,799 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Other creditors Accrued expenses 1,646 1.650 2.140 8,690 1,213 1,428 5,436 11,331 2025 2024 Brought forward Amount released to incoming resources Amount deferred in year 20.917 120.91n Carried forward Deferred income includes grant income received prior to the year end Ihat relates to the following year. 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Total funds 2024 Total funds Unrestricted funds Restricted funds Fixed assets Current assets Current liabilities 2.665 258,110 15,3641 1,070 783 (72) 3.735 258,893 {5,436) 10,799 262,589 {11,331) 255,411 1,781 257,192 262,057 Page 14 continued...
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 13. MOVEMENT IN FUNDS Net movement in funds Transfers beeen funds At 31.3.25 At 1.4.24 Unrestricted funds Core IWC Carers Dementia Support Semce Mental Health Carers Support Rèminiscence Interactive Therapy 234,728 5.176 6,816 2,500 7,725 (5,098) 6,143 {2,500) (79) 242,374 78 12,959 249,220 6.270 Restricted funds IWC Prospèctus IWC Adult social care Community Grant Fund Winter Pressures Community Foundation Wales Accelerating Reform Fund (79) 255,411 634 718 8,971 14 2,500 (28.283) 1.472 (9.064) (27,649} 2,190 93 (14) (2,181) 26,921 319 26,921 12.837 (11.135) 79 1,781 TOTAL FUNDS 262,057 (4,865) 257,192 Net movement in funds, included in Ihe above are as follows: Incoming resources Resources expended Movement in funds unre$tried funds Core IWC Carers Dementia Support Service Mental Health Carers Support Reminiscence Interactive Therapy 13.065 (5,340) (5.098> (14,85n {2.500) 7,725 {5,098) 6,143 (2,500) 21,000 34.,065 (27,795) 6,270 Restricted funds IWC Prospectus IWC Adutt social care Communty Grant Fund Community Foundation Wales Accelerating Reform Fund 290,085 28,685 (318.348) (27,213) 19,064) 12.181) (11,329) (28,283) 1,472 (9,064) (2,181) 26.921 38.250 357.oc (368,135) (11,135) TOTAL FUNDS 391.065 (395,930) (4,865) Page 15 continued...
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 MARCH 2025 13. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement in funds At 31.3.24 At 1.4.23 Unrestricted funds Core IWC Carers Dementia Support Service 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) 12.996) 234,728 5,176 6,816 2,500 254.335 (5,115> 249,220 Restricted funds IWC Prospèctus IWC Adult social care Community Grant Fund Winter Pressures Community Foundation Wales 37.949 7.734 (37.315) {7,016) 8.971 1363) 634 718 8,971 14 2,500 377 2.500 48.560 135,7231 12,837 TOTAL FUNDS 302.895 140,838) 262,057 Comparative net movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds Core IWC Carers Demenlia Support SeNice Mental Health Carers Support Reminiscence Interactivè Therapy Connecting Carers 15,202 (13,073) {4.429) 118,23n (2.500) 12,996) 2,129 (4,429) 2,681 {2,5001 {2,996} 20,918 36,120 141,2351 15,115> Restricted funds IWC Prospectus IWC Adult social care Community Grant Fund Winter Pressures Community Foundalion Wales 286.582 {323,89n {7,016) (36,029) 1363) 12.500) 137,315) (7.016) 8,971 1363) 45.000 2.500 334,082 (369,805) (35.723) TOTAL FUNDS 370.202 {411.0401 {40,838) IW Prospectus The aim of the IW Prospectus funding is to reach out to carers that we do not know about, who do not identify themselves as a carèr, 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 Garer5 to the information and semces available lo support them. Improve carers groups and activities aimed al supporting carers aged over 18 and over. Page 16 continued...
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 202S 13. MOVEMENT IN FUNDS- continued IWC Adult Social Care ASC fund is used to provide a link elween the service providèd by Carers IW and The Isle of Wight Council's Adutt Social Care department. IWC Carers Dementla Support Seviice Dementia support service funds aré used to offer PA support to dementia sufferers, giving their carets respite. Connecting Carers Connecting Carers funds are used to employ PAS to provide rèspite for carers during the pandemic. These funds were also used to purchase IPads which were loaned out to carers to help reduo carer isolation. Mental Health Carers Support Thè Mental Health Carers Support is to fijnd the post of a Carers Support Worker based at the local menlal hospital. Reminiscènce Intsractive Therapy Activity The ReminIsnce Interaclive Therapy Activty project is a project that provides use of specialist technology to stimulate patienls of Dementia, in tum prowding prieVe in their car8rs caring role. Community Grant Fund The Communty Grant Fund provides cost of fiving support to carers across the Isle of Wight. Wlnter Pressures Thè Winter Pressures fund provides mindfulness actiwlies for carers. This also extended the support at Sevenacres hospital provided by our seTViCe. Community Fund Wales The Communty Fund Wales is used lo run a sound bath experience for car8rs. Accelerating Reform Fund Supporting carers of people with dementia after discharge from hospital located at the Dementia Hub in Parklands. Transfers between funds The Iransfers from restricted to unrestricted funds relale either to funds which restrictions have been satisfied and therefore are no longèr considered to bè rèstricted fund5 after authorty has been obtained from the funder to transfer the unspent balance, or where expenditure has not been fully allocated during ihe year. 14. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2025. Page 17 continued...
CARERS ISLE OF WIGHT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 15. FUNDS IN DEFICIT The IWC Prospectus fund was in deficit at the end of the year due to funding being received in arrears. Additional income was received on 6th June 2025 to clear this deficit. Page 18