Company No. 08804485
Reglstered Charlty No. 1163489
ISLE OF WIGHT FOUNDATION
STATEMENT OF ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023

ISLE OF WIGHT FOUNDATION
CONTENTS
Pago
Leg81 and adminislralive infomialion
Trustees. report
Independent examiner's rew)rt
state￿￿nI of financial activriies
Balan￿ sheet
Notes to the accounts
8-13

ISLE OF WIGHT FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Robert Gillespie
Ilsland Roads Services Ltd}
John Sunderland
(Ringway Island Roads Ltd>
Arnaud Judet
(VINCI Highways UK Lldl
Emma Scoll
(Meridiam Infraslruclure Manager8 S.a.r.l.I
Company Secretary
Robert Peacock
Supervisor
Samantha O'Rourke
Charlty Number
1163489
Company Numb•r
08804485
Charfty Contact Address
& Rggistered Offlce
clo Fulcrum Group
105 Piccadilly
London
W1J 7NJ
Bankers
Sanlander UK plc
2 Triton Square
Regent's Place
London
NW13AN
Independent Examinèr
Moore (South) LLP
9 Sl Johns Place
Newport
Isleofwht
P030 1LH
Goyornlng Instrument
Memorandum and Articles ofAsscttation daled 6 De￿mber 2013

ISLE OF WIGHT FOUNDATION
TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
TRUSTEES, REPORT
The Trustees ol Isb of Wight Foundation Ilhe 'Foundalion'} present their report and accounts for the year ended
31 D￿rnbel 2023.
The accounts have been prepared in accordance with the accounting pol¢cies set out in note 1 to the accounts and
compty with the Foundation's Memorandum and Articles of ASs￿lation. the Pfovisions available to small companies
(Section 41912} of the Companies Act 2006) and the Slalemenl of Recommended Practice: Accounting and
Rewtting by Charities. (FRS 102) (appl￿able January 20161.
Constitution
The Foundation was incorporated on 6 December 2013. as a company limited by guarantee. 8fKt registered as
charity with the Charity Commission in England and Wales.
The Foundation is govemed by Mernrandum, and also a sel of bye-laws setting out how it is to be governgd. In
the event of an insolvent winding up ils member organisations are liable to contribute a sum not exceeding £10.
ObJe¢tlves of the charity
The objeclwes of the charity are..
li> support social inclusion-
lil) support a￿$$ lo employment..
lili) support activities and piojecls that will be supportive for achieving public benefft aim5 followed by the
Foundation..
liv} support organi5ations that offer training and guidance, helping indwiduals with no qualifications into the
working world"
Iv) promote solidarity within the community..
(vi} help nO￿y-founded or developing slructufes aimed at enabling those shut out ofthe job market lo (reladapt
to the working w￿ld. while also receiving the training and socio-professional support they need,.
(viil support inrtiatNes aimed at improving access to means of Ifansport, thus helping people to access the job
market".
(Mi)I support initiatives aimed at promoling cttizenship. CO1￿ctIve responsibility and provlding young people with
the framework for Imng in society-
(ixl promote structures sel up to help people in situations of exclusion to regain SelF-conf￿ence arKI become
rewuainted with normal lrfe.
(x) encourage organisations which facilitate a￿¢s$ to housiw for the most underpr[￿leged individuals so as
to enable them to return to a stable situation,. an(1
(xil support other types of projects aiming at combating all fomis of exclusion.
Trustees
Robert Gillespie (Island Ro￿$ Selvices Ltd)
John Sundertand (Ringway IS￿nd Roads Lldl
Arnaud Jydel IVINCI Highways UK Ltd)
Emma Scott (Mer•Jiam Infra81r￿lU1e Managers S.a.r.l.)
The Trustees are also the dlrectors of the charitable company for company law purpo88S.

ISLE OF WIGHT FOUNDATION
TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (Contlnuedl
structurè. governance and management
The Foundation is comprised of four members who represent related parties of the investor5. sub-contractors and
the project c(Nnpany of Island Roads Services Ud, a 25 year PFI scheme responsible for the maintenance and
operation of the Isle ol Wight road networff. The member5 are VINCI Hi9hways UK Ltd, Meridiam Infrastructure
Managers S.a.r.l.. Ringway Island Roads Ltd and Island Roads Services Ltd. A Trustee is appointed to the
Foundation from each member 01garbisalion. At incorporation the Trustees approved a sel of bye-laws which
deterniine the objectives of tha company and h¢)w it will be operated 8nd managed.
As per the bye-laws. Robert Gillespie {an employee of Vinci Highways UK Lldl was appointed as Chairman and
Samantha O'Rourke (an employee of Ringway Island Roads Ltd) was appointed as Foundation Supervisoi.
Durtng the year the Foundation invites applications for grants via advertisement8 in the local media. The Foundatv)n
Superwsor aryanges an evaluation commitiee. including independenl extelnal specialists, lo revi8w all grant
appliCat￿n5. All applications Ihal meet the objectives of the Foundati¢)n are reviewed by the committee and
re¢ommendalKJns made lo the Trustees.
The Trustees will meet lo review the evalualK)n committee
recommendalKJns. Once approved the Foundation Supervisor will adwse the successfijl applicants, arrange
partnership agreements lo be documented and signed. obtain aulh0ri5alion from the Chai￿an for payment and
f¢)rnard the approved documents lo Fulcrum Inftastructuve Management Ltd. who will arrange payment to the
successful applicants.
Trustees are appointed by the founding organisations ofthe Foundation. Trustee training and induction is provided.
Flnanclal revlew
The Foundation has operated wth the donations received from the founding entities and has made grant payments
totallirvJ £86.128 {2022.. £92,212) lo the local community. After meèting governance and independent examination
costs. the deficit of £9.569 {2022.. £4,308) was deducted Irom gener81 re5eNes. Fundlng comes from the member
organisation dOnati(￿S in lirE wrth an agreement.
Publlc bene
In selling our objeclFves and planning our annual activf(ies the Trustee5 have given careful consideration to the
Charity Commission's general guidance on public benefit.
Reserves policy
The Foundation is supported by 11$ founding members and has minim81 adminislralrve costs, and currently no
financial commitments. The Trustees therefore have no immediate need to build up any reserves and can budget
lo maximise the use of funds for the Isle of Wight community-
Risk management
The Twstees have evaluated and considered the impa¢l of identifk?ble risks that the FourKlation fa￿ and have
policies in place to mitigate these.

ISLE OF WIGFrr FOUNDATION
TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (Contlnued)
Trustees, r8spon$ibilities
The Trustees are required to prepare financial slalements for each financial period which gtve a true and fair view
of the slate of the affairs of the trnst as al the end of the accounting period and of the surplu5 or deficit of the trust
for that peiiod. In preparing these financial statements. the Trustees are required lo..
Select suitable accounting wlicies and apply them consistently.,
Make judgemenls and estimate5 that are reasonable and prudent.,
Slate whether applicable accounting slanijards have been followed. subject to any material (lepartures
disclosed and explained in the financial slalem&nts',
Prepare the financial statements on a going concem basis.
The Trustees are fesponsible for keeping proper accounting rewrds wh￿h disclose wth reasonable accuracy at
any time the financial position of the Ifust. They are also responsible for safegu2rding the assets of the trust and
hence for taking reasonable steps for the preventK)n and detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf..
Robert Gillespie. TTL￿tee
Dated 29.08.2024

ISLE OF WIGHT FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ISLE OF WIGHT FOUNDATION
FOR THE YEAR ENDED 31 DECEMBER 2023
I rerM)rt to the ch8rty trustees on my examination of the accounts of the company for the year ended 31 December
2023 which are set out on pages 6 to 13.
This report is made solely to the charty's Trustees, as a body, in accordance with Chapter 3 of Part 8 ofthe Charities
Act 2011. My examination has been undertaken so that I mtghl slate to the charity's Trustees those matters l am
iequired to state lo them in an independonl examinerfs report and for no other Purpose. To the fullest extent
pemiitted by law, I do not accepl or assume responsibility toanyone other than the chafity and the charrty's Trustees
as a tx)(ty, for my examination. for this reporL or for the opinions I have formed.
Responslbllltles and basis of report
As the charty trustees ofthe company {and also its directors forthe purposes of compary law) you are responsible
forthe preparation of the accounts in accordan¢fj with the requirements of the Companies Act 20061.the 2006 AcV}.
Having satisfied myseif that the accounts of the company are not required to be audited under Part 16 of the 21X
Aet and are digible for independent examination, I report irb respect of my examination of your company's accounts
as carrted out under S￿lI0n 145 of the Charities Act 2011 {'Ihe 2C111 Act'}. In carrying Out my examination I have
followed the Direct￿nS gnien by the Charity Commission under section 1451511bl of the 2011 Act.
Independent examinerfs statement
I have completed my examinalion. I confirm that no matlers have come to my attention in connection with the
eXaMinat￿n giving me cause to believe that in any material respect:
accounting records were not kept in respect of the company as iequired by section 386 of the 2006 Act., or
2. the accounts do not accord with those records., or
3. the accounts do not compty with the accounting requirements of section 3￿ ofthg 2006 Act otherthan any
requirement that the accounts give a 'true and fair ￿eV/ which is not a maller considered as part of an
independent examination.. or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommend￿ praCt￿e for accounting and reporting by charities applicable to charities preparing their
accounts in accordancewilh the Financial Reporting Standard applicable in tho UK and Republic of IreLHnd
IFRS 1021.
I have no cOn￿mS and have come across no other matters in connection with Ihe ex8mination to which attention
should be drawn in this report in order lo enable a proper understanding of the accounts to be reached.
Kevin R Cooper BA FCA DChA
For and on behalf of
Moore (South) LLP
Chartered Accountants
9 St John's Place
Newport
Isle of Wight
P030 1 LH

ISLE OF WIGHT FOUNDATION
STATEMEbrr OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2023
Total
Total
Unrestrfcted Unrestricted
Funds
Funds
2023
2022
As Re5L*èd
Notes
INCOME AND ENDOWMENTS FROM:
Grants and donations
93,500
94,000
RefuThJed grants from prior years
11,360
TOTAL INCOME
93,500
105.360
EXPENDITURE ON:
Charitable activitieg
TOTAL EXPENDITURE
1103,569)
{109.668)
NET (EXPENDITURE)IINCOME AND MOVEMENT IN FUNDS
{9,569)
{4,308)
FUND RECONCIUATION
Total funds b￿ght forward
9.063
13,371
Total {der￿lt> I funds carried fotward
{506)
The resub for the year derive from continuing activities. and there are no gains or losses othef than those shown
above.
No c￿paratNe SOFA has been presented as, like this year. there were M restricted, designated or endowment
fuThJs.
The notes on pages 8 to 13 form an integral part of these *counts.

ISLE OF WIGHT FOUNDATION
BALANCE SHEET
AT 31 DECEMBER 2023
2023
2022
Notes
CURRENT ASSETS
Cash in bank and in hand
2,813
12,224
Creditots.. amounts falling duo within ong yoar
Accruals
Nel current Iliabililies) l assets
TOTAL NET ILIA81LITIESI I ASSETS
9,(63
INCOME FUNDS
Unreslricled income (deficit) I funds
15C61
9.063
Forthe year ending 31 Decemb8r 2023 the Company was entitled to exemption from audil under section 477 of the
Compan￿8 Act 2006 relatillg to small companies.
The membgrs havo not lequi￿d the company to obtain an audit in accordance wilh seCt￿n 476 of the Companies
Act 20(6.
The directors acknowledge their respon5ibililies for comptying with the requirements of the Act with respect lo
accounting recofds and for th8 preparation of accounts.
These accounts have been prep8red in accordance with the provisions applicable to companies subject to the Small
companies, regime.
Approved by the Board of Trustees and signed on ils behalf by..
Robert Gillespie {Chair of Trustees)
Dated: 29.08.2024
Company Reglstratlon Number: 08804485
The noteg on pages 8 10 13 fomi an integral part of these accounts.

ISLE OF WIGHT FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
GENERAL INFORMATION AND BASIS OFACCOUNTING
a) Accounting policles
Thelsle of Wight FourKlation is a company limited by guarantee, regisleied in England and Wales. In the event of
the Foundation being wound up, the liabilty in iespect of the guar8nlee is limited to £10 per member of the charity.
The address of the registered office is gwen on page 1 of these financial statements. The objects of the Foundation
are disclosed in the Trustees. Rep￿1 on pages 2 to 4.
Thè Foundation conslitules a Publ￿ benefr( entity as defined by FRS 102. The financial statements have been
piepared in accordance with A￿untIng and Reporting by Charities.. Slalemenl of R￿0MMended Practice
appl¢cable to charities preparing their accounts in accordan￿ with the Financial Rewrting Standard applicable in
the United Kingdom (FRS 102). the Charities Act 2011, Companies Act 2006, and UK Generally Accepted
Aecountlng Practice.
The financi81 statements are prepared on a 90illg concern basis under the historical cost convention. The financial
statements are prepared in stevling which is the funclional currency of Ihe charity and rounded to the neaiesl £1.
The si9nffj￿nt acccyJnling policies applied in the preparation ofthese financial statements are sel out below. These
policies have been consistentty applied to 811 years presented unless olherw5e staled.
b} Fund accountlng
Unreslricted income (or generall funds are available for use at the discretion of the Trustees in fuitherance of the
objectives of the F¢)undation.
Designated funds are funds which have been sel aside at the discretion of the Trustees to help finance SP￿lf1¢
projects.
All incoming funds and resources expended are relle¢led in the slalement of financaal actrvilies. with no netting off.
c) Incomg r8cognltlon pollcles
All incoming reSoUr￿S are induded in the statement of financial activities when the charity is enlilled to the income
and the amount can be quantified with reasonable accuracy. The following specific policies are applied lo particular
categoFies of income:
Voluntary income is received by way of donations, legacies and gifts and is included in full in the statement of
financial activi(ies when the charity has control over the income. any condilions placed are met, the receipt is
probable. and that it can be measured reliably.
Grants. where enlillement is not conditional on the delivery of a specific performance by the charity. are rec4)onised
when the charily be¢off￿$ unconditN)nally entitled to the grant and as the charity earns the riyhl lo income through
delivery of seNices.
tk)nated Se￿￿6$ and facilities (gifts in kind) are included al Ihevalue to the charity onty where this can be quantified.
The value of services provided by Fulcrum Infrastructure Management Ltd has not been induded in these accounts.
The prior year Income and expendiluie has been restated lo include donated gifts in kind of £14.000. This has no
impact on the net nTh)vemenl in funds.
Investment income is included when received.

ISLE OF WIGHT FOUNDATION
NOTES TO THE ACCOUNTS {contlnued)
FOR THE YEAR ENDED 31 DECEMBER 2023
d) Resources expended
Expenditure is reeognised on an accruals basis as the tiability is incurred. All costs are shown in full and no netting
off with income occurs. Expendit4Jre includes any VAT which cannot be recovered and is reported as part of the
expendilufe lo which il relates-.
Costs of generating funds c￿npriSe the costs assttiated with attracting donations and other voluntary income.
Charttable expenditure compiises those costs incuried by the charity in the delivery of its activities 8nd Se￿￿e3 for
ils beneficiaries. 11 irbcludes Eolh costs that can be allocated directly lo such activities and those of an indirect nature
rtecessary lo supp¢)rt them.
Govemance costs include those costs associated with meeting the constilulional and stalulory r8quiremenls of the
charty and include audit fees and costs linked to the strategic management of the enlty.
All costs are all￿ated between the expenditure categories oflhe statement offinancial activities on a basisdesigned
to reflect Ihe use of the resource. Costs relaling to a paFticulai activity are allocated directly, others ar8 apportioned
on an appropriate basis. Salaries are alkjcated by teviewing lime spent by each employee on the activities and
attributing cost accordingly.
e) Allo¢ati¢)n of support cost8 and governance
Support costs are those funcltons that assist the work of the charity. bul do not direetty undertake charitable
actwities. Costs are alkjcated to charitable activities on the basis that this is the main activty, and there are minimal
costs attributable to fundraising. Governance in¢ludes independent examination and any costs in connection with
running the Trustees, and this is also altocated lo the main aclivty as shown in note 4.
fj Grants payable
These are lrtcluded in the accounts when a commifmenl has been made and there are no conditN)n5 to be met
relating to thg grant whith remain in wnlrol of the charity.
g} Oebto
Trade and other debtors are recognised at the settlement amount due.
h) Creditors and pr¢)vl$lons
Creditors and provisions are recognised where the charty has a present obligation resulting from a past event that
will probably result in the transfer of funds to a third party, and the amount can be measured ￿liablY.
11 Flnanclal assets and Ilabllltles
The Isle of Wight Foundation only has financial assets and liabilities of a kind that qualify as basic finanoal
inslrumenls. Basic financial instruments are initially recognised at transa¢tion value and subsequently measur
al their settlement value.
l) Taxat]on
No cory)OTalion tsx has been provided in these accounts because the income of the charty is within the exemption
granted by Section 505 of the InCCr￿ and Corporalion Taxes Act 1988 to the extent that Ihvae funds are applied lo
charrtable objects.

ISLE OF WIGHT FOUNDATION
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2Q23
k) Judggmgnt and key sources of uncertalnty
There are no major judgements or assumpttons relating to estimates that are required to be discbsed in the
preparatKJn of these financial slalements.
l) Golng concern
The financial statements have been prepared on a going conceTn basis as the Trustees believe that no material
Un￿rtaInlieS exist. The Trustees have considered the level of funds held and the expected level of income and
expenditure for 12 months from aulhorising these financial stalemenls. The budgeted income and expenditure is
sufficient with the level of feserves for the Foundation to be able to continue as a going COn￿rn.
GRANTS AND DONATIONS
2023
Total
2022
Total
As R8statgd
Island Roads Services Ltd
Ringway Island Roads Ltd
Gifts in Kind
60,000
20,000
60,000
20,000
000
93,500
94.000
DIRECT CHARITABLE EXPENDITURE
2023
Total
2022
Total
As Restated
Grant funding of activitles
Tolal grants paid to organisations
Supwrt costs (see note Sl
86.128
92.212
103.C69
109,668
Of the total paid to organisations
Tolal number
Highest value
Average value
16.000
9,570
16,000
10,246
There were no grants made lo individuals in the year (2022- None).
10

ISLE OF WIGHT FOUNDATION
NOTES TO THE ACCOUNTS (contlnued)
FOR THE YEAR ENDED 31 DECEMBER 2023
4. Grants were pald to the following ¢harftlgs In tho year to 31 December 2023:
2023
Total
Ve¢tis Radio.. running the 4PS training programme for young people
3,000
Ability Dogs 4 Young People: training centre CCTV security system and IT upgrade
3,174
MNDA Isle ofwight.. social inclusion for people with Motor Neurone Disease and their
families
5.cilo
Wesl Wigm Men in Sheds: carpentry equipment upgrade
8.035
Isle of Wight Youth Trusl: The Travelling Safe spa￿ for young people to attend sessions
8,752
W&ssex Cancer TfusI.' patient transport for Isle of w￿ht residents lo Southampton
General and Queen Alexandra hospiials
13,167
OSEL Enterprises l The Way Fowdrd Programme- repl￿rnent minib
14.000
Care in the Garden: delNery van lor splinlerwood products
15.000
The Phoenix Project.. new ¢onseN8tcry
16,000
Total grants for 2023

ISLE OF WIGHT FOUNDATION
NOTES TO THE ACCOUNTS {contlnued)
FOR THE YEAR ENDED 31 DECEMBER 2023
4. Contlnuad Grants worfj pald to the followlng char5tles In the year to 310ècèmber 2022:
2022
Total
Ability Dogs 4 Young People. Grant lor a ful￿ accessible kitchen area for trainers and
service users and the purchase and installation of blinds to help regulate the
temperalure of the charity's training cenlte.
8.500
BIKJhstone Lawn Tennis Club. Grant towards the resurfacing of the club's two tennis
courts.
15.000
Care in the Garden. Grant fora new kiln for the manufacturiThJ ofceramic and concrete
garden products.
Isorropia Foundation. Grant for a ngw minibus lo exiend the charity's feach across the
ssland and support those who are S￿iallY isolated.
People Maller (Isle of Wight}. Grant for the Isle of Wight Learning Disability support
Cenlrewhich provides island residents- Main￿ young people-wsth specralisttraining
and the opportunty lo gain qualifications.
Ryde Sea Cadets. Granl for the modemisation and refuTbishrnenl of the unit's toilet
facilities lo improve accessibility and create much needed storage al the group's
headquarters.
Seagrove Pavillon Trust. Grant to pu(chase the equipment to run walking football
sessions for people of all ages.
Swim the Wight. To purchase a new vehicle to transport safety equipment to sea
swimming sessions.
15,850
16,000
7,588
4.435
5.759
16.000
Vectis Radto. Grant for the 4P$ Training School which uses the medium of radio to
help davelop young people's confidence and communication skills.
3,080
Total grants for 2022
92,212
12

ISLE OF WIGHT FOUNDATION
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2023
SUPPORT AND GOVERNANCE COSTS
2023
Total
2022
Total
Adminislralion time (gifted in ki￿1>
Independent examination and accounting fees- gov8rnance
Advertising cost8
Bank charges
Other costs
13,500
1,764
1.555
14.000
1.680
1,481
117
289
16.941
17.456
Tho administration and accounling work of the FoundalhJn has been provided by the founding Partners through
Ringway Island Roads and the Fulcrum group.
There were no staff members employed ty the Foundation earning over £60.000 In the current OT priorfinancial
year.
TRUSTEES EXPENSES AND RELATED PARTY TRANSACTIONS
During IheyearTruslees expenses reimbursed were £nJ12022= £nil). No payments have been made on beha
of the Trustaes {2022= £nill. There were no related party transactions in the year.
MOVEMENT OF FUNDS
2023
2022
Unrestrlcted Unrestricted
Total
Total
AS Rgstated
Balance at 1 January 2023
Income
Expenditure
9.063
93.500
13.371
105,360
Balanee at 31 December 2023
15C61
9,063
CONTROLLING PARTY
The Foundation is under the control of the Trustee5.
13