Company No. 08804485
Registered Charlty No. 1163489
ISLE OF WIGHT FOUNDATION
STATEMENT OF ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024

ISLE OF WIGHT FOUNDATION
CONTENTS
Pagg
Legal and administralive infom)alion
Trustees, report
Independent examine￿$ report
statement of financial activibes
Balance sheet
Notes to Ihe accounts
10

ISLE OF WIGHT FOUNDATION
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Robert Gillespie
(Island Roads Services)
John Sunderland
(Ringway Island Roads Lld)
Amaud Jud8t
(VINCI Highways UK Ltd)
Victoria Martinez
(Meridiam Infraslructure Managers S.a.r.l)
Company Secretary
Caron Atley
Superrflsor
Samantha O'Rourke
Charity Number
1163489
Company Number
08804485
Charity Contact Address
& Registered Offlce
clo Fulcrum Group
105 Pi¢cadilly
London
W1J 7NJ
8ankers
Santander UK plc
2 Triton Square
Regent's Place
London
NW13AN
Independent Examlner
Moore (South) LLP
9 St Johns Place
Newport
Isle of Wight
P030 1 LH
Goveming Instrument
Memorandum and Articles of Association dated 6 November 2013

ISLE OF wIGF￿ FOUNDATION
TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES, REPORT
The Trustees, of the Isle of Wight Foundation (the 'Foundation') present their report and accounts
for the year ended 31 December 2024
The accounts have been prepared in accordance with the accounting policies set out in note 1 to
the accounts and comply with the Foundalion's Memorandum and Articles of Association, the
provisions available to small companies {Section 419 {2) of the Companies Act 2006) and the
Statement of Recommended Practice: Accounting and Reporbng by Charities, {FRS 102)
(applicable January 2019).
Constltullon
The Foundation was incorporated on the 16 December 2013. as a company limited by guarantee,
and registered as a charity ￿th the Charity Commission in England and Wales.
The Foundation is governed by its Memorandum and also a set of bye-laws setting out how it is to
be governed. In the event of an insolvent winding up, its member organisations are liable to
contribute a sum not exceeding £10.
Objectives of the charity
The objectives of the charty are to:
support social inclusion.
support aC￿sS to employment"
support activities and projects that will be supportive for achieving public
benefft aims followed by the Foundation.,
support actwities and projects that will be supportive for achieving publTC
benefit aims followed by the Foundation-
(iv)
support organisations that offer Iraining and guidance. helping individu81s
with no qualifications into the working world.
(v)
promote solidarty within the community-
{vi)
help newly-founded or developing structures aimed at enabling those shut
out of the job market to {re)adapt to the working world, while also receiving
the training and socio-professional support they need.,
(vii)
support initiatives aimed at improving acces5 to means of transport, thus
helping people to access the job market.
support iniliatives almed at promoting eitrzenship, collective responsibility and
providing young people with the framework for living in society.,

ISLE OF WIGHT FOUNDATION
TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (contlnued)
TRUSTEES, REPORT {continued)
Ob]ectlves of the charlty (contlnued)
{ix)
promote structures set up to help people in situations of exclusion to regain
self-confidence and become reacquainted with normal life.,
(x)
encourage organisations which facilitate aC￿sS to housing for the most
underprivileged individuals so as lo enable them to return to a stable
situation. and
(xi)
support other types of projects aiming at combating all fomis of exclusion.
Trusteos
Robert Gillespie
John Sundedand
Amaud Judet
Emma Scott
Victoria Martin8Z
(Island Roads se￿ICe$ Ltd)
(Ringway Island Roads Ltd)
(VINCI Highways UK Ltd)
(Meridiam Infrastructure Managers S.a.r.l) resigned 24 January 2025
(Meridiam Infrastructure Managers S.a.r.l) appointed 2 Seplember 2025
The trustees are also the directors of the charitable cornpany for company law purposes.
Structure. governance and management
The Foundation is comprised of four members who represent related parties of the investors. sub-
contractors and the project company of Island Roads Servlces Ltd. a 25-year PFI scheme
responsible for the maintenance and operation of Ihe Isle of Wight road network. The members
are VINCI Highways UK Ltd, Meridiam Infrastructure Managers S.a.r.l. Ringway Island Roads Ltd
and Island Roads SeNices Ltd. A Trustee is appointed to the Foundation from each member
organisation. At incorporation the Trustees approved a set of bye-laws which determine the
objectives of the company and how it wll be operated and managed.
As per the bye-laws. Robert Gillespie (an employee of Vinci Highways UK Ltd) was appointed as
Chairman and Samantha O'Rourke (an employee of Ringway Island Roads Ltd) was appointed as
Foundation Supervisor.
During the year. the Foundation invites applicants for grant5 via advertisements in the local media.
The Foundation Supervisor arranges an evaluation committee, including independent extemal
specialists, to review all grant applications. All applications that meet the objectives of the
Foundation are reviewed by the committee and recommendations made to the Trustees. The
Trustees will meet to review the evaluation committee recommendations. Once approved. the
Foundation sU￿[VIS0r wll advise the successful applicants, arrange partnerships agreements to
be documented and signed, obtain authorisation from the Chaimian for payment and fofwaid the
approved documents to Fulcrum Infrastructure Management Ltd. who will arrange payment to the
successful applicanls.
Trustees are appointed by the founding organisations of the Foundalion. Trustee training and
induction is provided.

ISLE OF WIGHT FOUNDATION
TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 (continued)
TRUSTEES, REPORT Icontlnued)
Flnanclal revlew
The Foundation has operated with the donations re￿iVed from the founding entities and has made
grant payments totslling £85,414 (2023- £86,128) to the local community. After meeting
governance and independent examinalion cosls, the surplus of £908 (2023.. £9.569 deficit) was
funded from general reserves. Funding comes from the member organisation donations in line with
an agreement.
Publlc benefft
In setting our objectives and planning our annual activilias thé Trustees have given careful
consideration to the Charity Commission's general guidance on public benefit.
Re$erve$ pollcy
The Foundation is supported by its founding members and has minimal administrative costs. and
currendy no financial Commitments. The Trustees therefore have no immediate need to build up
any reserves and can budgel to maximise the use of funds for the Isle of Wight communty.
Rlsk management
The Trustees have evaluated and considered ihe impact of identifiable risks thal the Foundation
face and have policies in place to mitigate these.
Trustees, responsibilities
The Truslees, who are also the directors of the Isle of Wight Foundalion for the pupose of company
law, are responsible for preparing the Trustees. Report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards {United Kingdome Generally
Accepted Accounting Practice).
Company law requires the trustees to prepar8 financial statements for each finanoial year which
give a Iwe and fair view of Ihe state of affairs of the foundation and of the incoming resouces and
application of resouces, including the income and expenditure, of the charitable company foi that
year.
In preparlng these financial statements, the trusteès are required to:
select suitable aeLounting policies and them apply Ihem consistently.,
observe the methods and principles in the Charities SORP:
make judgements and estimates that are reasonable and prudent.,
state whether applicable UK A￿OUntIng Stsndards have been follow8d,
subject to any material departures disdosed and explained in the financial
statements; and
prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the foundation will continue In operation.

ISLE OF WIGHT FOUNDATION
TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 {¢ontlnued)
TRUSTEES. REPORT {¢ontlnued)
The Trustees are responsible for keeping adequate accounting records that disclose with
reasonable accuracy at any time the financial position of the Foundalion and enable them to ensure
that the financial statements comply wtth the Companies Act 2006. They are also responsible for
safeguarding the assets of the foundation and hence for taking reasonable steps for the prevenlion
and detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf:
Robert Gillespie, Trustee
t)ated 25 September 2025

ISLE OF WIGHT FOUNDATION
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE ISLE OF WIGHT FOUNDATION
FOR THE YEAR ENDED 31 DECEMBER 2024
I report to the charty trustees on my examination of the accounts of the company for the year
ended 31 December 2024 which are set out on pages 8 to 16.
This report is made solely to the charitvs Trustees. as a body. in accordan￿ with Chapter 3 of Part
8 of the Charities Act 2011. My examination has been undertaken so that I might state to the
charity's Trustees those matters l am required to state to them in an independent examiner's report
and for no other purpose. To the fullest extent permitted by law, I do not a￿ept or assume
responsibillty to anyone other than the charity and the charitys Trustees as 8 body, for my
examination, for this report, or for th8 opinions I have fomied.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you
are responsible for the preparation of the accounts in accordance with the requirement of the
Companies Act 2006 ('the 2006 Act,)
Having satisfied myself that the accounts of the company are not required to te audited under Part
16 of Ihe 2006 Act and are eligible for independent examination. I report in respect of my
examination of your companys accounts as carried out under sedion 145 of the Charities Act 2011
{'the 2011 Act,). In c8rrying out my examinatton I have followed the Oireclions given by the
Charities Commission under section 145(5){b) of the 2011 Act.
Independent examinerfs statement
I have completed my examination.
confirm that no 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 company as required by
section 386 of the 2006 Act; or
the accounts do not accord w￿h those re¢ords', or
the accounts do not comply wth the accounting requirements of section 396
of the 2006 Act other than any requirement that the accounts give a Xrue and
fair view which is not a matter considered as part of an independent
examination., or
the accounts have not been prepared in accordance Ihe methods and
principles of the Statement of Recommended practi￿ for accounting and
reporting by charities applicable to charities preparing their accounts in
accordan￿ with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102).

ISLE OF WIGHT FOUNDATION
INDEPENDENT EXAMINER'S REPORT (contlnued)
TO THE TRUSTEES OF THE ISLE OF WIGHT FOUNDATION
FOR THE YEAR ENDED 31 DECEMBER 2024
I have no concems and have corne across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
Mcr)f
LLP
Dated..
25 September 2025
Vicky Drayton BA ACA
For and on behalf of
Moore Isouth) LLP
Chartered Accountants
9 St Johns Place
Newport
Isle of Wlght
P030 1 LH

ISLE OF WIGHT FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
IINCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Total
Unrestricted
Funds 2024
Total
Unreslrlcted
Funds 2023
Notes
INCOME AND ENDOWMENTS FROM:
Grants and donations
103,873
93,500
TOTAL INCOME
103,873
93,500
EXPENDITURE ON:
Charitatle activities
{102,965)
(103,069)
TOTAL EXPENDITURE
{102,965)
(103,069)
NET IEXPENDITUREYINCOME AND MOVEMENT IN FUNI)S
908
(9.569)
FUND RECONCILIATION
Total funds brought forward
(506)
9,063
Total (defictll l fvnds carried forward
402
(506)
The results for the year derive from continuing activiknes, and there are no gains or losses other
than those Sho4￿ above.
No comparative SOFA has been presented as, like this year. there were no restricted,
designated or endowment funds.
The notes on pages 10 to 16 form an integral part of these accounts.

ISLE OF WIGHT FOUNDATION
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Current Assets
Cash in bank and in hand
5.630
2,813
Credltors: amounts falllng due wlthln one year
Accruals
(5,228)
(3,319)
Net current (liabilities) l assets
402
(506)
Total Net (Liabilities) l Assets
402
(506)
Charity Funds
Unrestricted income {defiGit) I funds
402
(506)
For the year ending 31 December 2024 the company was entitled to an exemption from audlt
und8r s8Ction 477 of th8 Companies Act 2006 relating to small companies.
The members have not required the o)mpany to obtain an audit in accordan￿ wth section 476
of the Compantes Act 2006.
The directors ackn¢)wledge their responsibilities for complwng wth the requlrements of the Act
with respect to accounting records and for the preparation of accounts.
These accounts have tRen prepared in accordance with the provisions applicable to companies
subject to the small companies, regime.
Approved by the Board of Trustees and signed on its behalf by:
Robert Gillespie (Chair of Trustees)
Dated:
25 September 2025
Company registrallon numbor: 08804485
The notes on pages 10 to 16 fom an integral part of these accounts.

ISLE OF WIGHT FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. GENERAL INFORMATION AND BASIS OF ACCOUNTING
a) Accounting policies
The Isle of Wtght Foundation is a company limited by guarantee, registered in England and Wales.
In the event of the Foundation being wound up, the liability in respect of the guarantee is limiled 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, Report on
pages 2 to 4.
The Foundation constitutes a public benefit entty as defined by FRS 102. The financial
statements have been prepared in accordance with the Financial Reporting Standards applicable
In the UK and Republic of Ireland (FRS 102) {effeclive January 2019), the Charities Act 2011,
Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going con￿rn basis under the historical cost
convention. The financial stalements are prepared in sterling ￿lch is the functional currency of
the charity and rounded to the nearest £1.
The signrficant accounting policies applied in the preparation of these financial statements are set
out below. These policies hav8 been consistently appli8d to all years presented unless otherwise
stated.
bl Fund accounting
Unrestricted income (or general ) funds are available for use at the discretlon of the Trustees in
the furtheran￿ of the objectives of the Foundation.
l incoming funds and resouces expended are refiected in the statement of financial activities,
with no netting off.
c} Incomè recognition policies
All incoming reSoUr￿S are included in the statement of financial activities when Ihe charity is
legally entitled to the income and the amount can be quantified with reasonably accuracy. The
followng specific policies are applied to particular categories of incorne-
Voluntary income is received by way of donalions, legacies and glfts and is
included in full in the statement of financial activities when the ¢harty has
control over the income. any conditions placed are met, the re￿Ipt is
probable. and that it can measured reliably.
Grants, where entitlement is not conditional on the delivery of a specific
perfomance by the charity, are recognised when the charity becomes
uncondttionally entitled to the grant and as the charty earns the right to
income through delivery of service.
10

ISLE OF WIGHT FOUNDATION
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 31 DECEM8ER 2024
1. GENERAL INFORMATION AND BASIS OF ACCOUNTING Icontlnued)
c) Income recognltlon pollcles Icontlnued)
Donated services and facililies (gifts in kind) are included at the value to the
charity only where this can be quantified.
Investment income Is included when received
dl Resources expended
Expenditure is recognised when there is a legal or constructive obligation to Iransfer an economic
benefrt on a third paty, it is probably that a transfer of economic benefts will be required in
settlement and the amount of the obligation can be measured reliably. All costs are shown in full
and no netting off with income occurs. Expenditure includes any VAT which cannot be recovered
and is reported as part of the expenditure to which it relates.
Costs of generating frjnds comprise the costs aSso￿ated with attracting donations and other
voluntary income.
Charitable expenditure comprises those costs incurred by the charity in Ihe delivery of its activities
and se￿I￿S for its benefi¢iaries. It includes both costs that can be allocated dire¢t5y to such
activities and those of an indirect nature necessary to support them.
Governance costs include those costs associated wtth meeting the constilutional and statutory
requirements of the charity and include independent examination fees and cosls linked to Ihe
stralegic management of the entity.
All costs are allocated betrfftn the expenditure categories of the statement of finanical actNities
on a basis designed to reflect the use of the resouce. Costs relating to a parlicular activity are
allocated dire¢lty. others are apportioned on an appropriate basis. Salaries are allocated by
reviewing time spenl by each employee on the activities and attributing cost accordingly.
e) Allocatlon of support costs and governance
Support costs are those functions that assist the work of the charity, but do not directly undertake
charitable activities. Costs are attribuled to charitable actNities on the basis that this is the main
activity, and there are minimal costs attributable to fundraising. Governance includes independent
examination and any costs in connection with running the Trustees, and this is also allocated to
the main actNity as shown in note 5.
f) Grants payable
These are included in the accounts where a commitment has been made and there are no
conditions to be met relating to the grant which remain in control of the charity.
gl Debtors
Trade arKI other debtors are recognised at the settlement amount due.
11

ISLE OF WIGHT FOUNDATION
NOTES TO THE ACCOUNTS (conunued)
FOR THE YEAR ENDED 31 DECEMBER 2024
1. GENERAL INFORMATION AND BASIS OF ACCOUNTING (continued)
h) Creditors and provisions
Creditors and provisions are recognised wherè the charty has a present obligation resulting from a
past event that wll probabty result in the transfer of funds to a third party. and the amounl can be
measured reliably.
l} Flnanclal assets and Ilabllltles
The Isle of Wight Foundation only has financial assets and liabilities of a kind that qualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction value and
subsquently measured at their settlement value.
j) Taxation
No corporation tax has been provided in these accounts because the incom8 of the charty is
vithin the exemption granted by Section 505 of the Income and Corporation Taxes Act 1988 to the
extent that these funds are applied to charitable objects.
k) Judgement and key sources of uncertainty
There are no major judgements or assumptions relaling to estimates Ihat are required to be
disclosed in the preparation of these finan￿al slatements.
l) Going concern
The financial ststements have been prepared on a going concern basis as the Trustees believe
that no mateTial Un￿rtaInlieS exist. The Trustees have considered the level of funds held and the
expected level of income and expenditure for 12 months from authorising these financial
statements. The budgeted income and expenditure is sufficient wlh the level of reserves for the
Foundation to be able to continue as a going concern.
12

ISLE OF WIGHT FOUNDATION
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
2. GRANTS AND DONATIONS
2024
Total
2023
Total
Island Roads Services Ltd
67,500
22,500
13,873
60,000
20,000
13.500
Ringway Island Roads Ltd
Gifts in Kind
103,873
93,500
3. DIRECT CHARITABLE EXPENDITURE
2024
Total
2023
Totsl
Grant fundlng of actlvltles
Total grants paid to organisations
Support costs (see note 5)
85,414
17,551
86,128
16,941
102.965
103.069
Of the lotal paid lo organisations
Total number
Highest value
Average value
16,000
10,677
16,000
9,570
There were no grants made to individuals in th8 year (2023 - Non8).
13

ISLE OF WIGHT FOUNDATION
NOTES TO THE ACCOUNTS (contlnued)
FOR THE YEAR ENDED 31 DECEMBER 2024
4. SUMMARY OF GRANTS PAID
Grants were paid to the followng charities in the year to 31 December 2024..
2024
Totsl
YESI Creatlve Beats - new community interest company aimed at
developing communty drumminglmovemenl groups for aduK8
4,200
project within the renovated San¢Jc)wn Town Hall, open for all young
p￿Iple
14,000
The 4Ps Vectis Radio Trainlng School
a radio training schcol
designed to provide individuals wth the skills need￿1 lo produce their
own radh? show, boosting communication skills
6.600
Asplre Communlty Mlnlbus - a replacement community minibus lo
transport Islanders to a number of projects and events
16.000
Alzheimer Café IW Art and WocKlwork studio al the Parkland
Centre. Cowes
16.000
Care In thè Gardon - funding for Work Buddy Schema. to help furKI a
Co-ordinator lo source paid employment and work experience
pkcemenls for clients of Woolon-based CITG
16.000
People Matter IW potting equipment for the gardening area in the
Leaming Disability Support Centre and to purchase a smart screen
3.690
st Cathgrlne's Speech & Language School - to fund an additM)nal
Job Coach to WO￿ students with addilKJnal vulneraimlilies alongsiye
their Speeth. Language and Communication Needs.
8.924
Total grants for 2024
85,414
14

ISLE OF WIGHT FOUNDATION
NOTES TO THE ACCOUNTS {continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
4. SUMMARY OF GRANTS PAID (contlnued)
Grants were pald to the following charities In the year to 31 December 2023..
2023
Total
Voctls Radlo.. running the 4PS trainwig progiamme for young people
3,(KlO
Abllty Dogs 4 Young People.. training eerbtre CCTV seeurity system
and IT upgrade
3.174
MNDA Isle of Wlght.. social inclusion for people with Motor Neurone
Disease and their families
5,000
West Wlght Men In Sheds.. carpentry equipment UFgrade
8,035
Isle of Wight Youth Trust.. The Travelling Safe Space for young
peoplo to attend se8s￿)n$
8,752
Wessex Cancer Tru$t-. patient transport for Isle of Wight resldenls lo
Southampton General and Queens Alexandra hosprtals
13.167
OSEL Enterprlsos l The Way Forward Programmg - replacement
minibus
14,0
Care In the Garden.. delivery van for splinter wood products
15.000
The Phoenlx Project: new conservatory
16.000
Total grants for 2023
86,128
15

ISLE OF WIGHT FOUNDATION
NOTES TO THE ACCOUNTS (continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
5. SUPPORT AND GOVERNANCE COSTS
2024
Total
2023
Total
Administration time (gifted in kind)
Independent examination and accounting fees- governance
Adv8rtising costs
Bank charges
Other costs
13,873
1,800
1.634
13,500
1.764
1.555
240
117
17.551
16.941
The administration and accounting work of the Foundation has been provided by the founding
Partners through Ringway Island Roads and the Fulcrum Group.
There were no staff members employed by the Foundation eaming over £60.000 in the current or
prior financial year.
6. TRUSTEES EXPENSES AND RELATEO PARTY TRANSACTIONS
During the year Trustees expenses reimbursed were £nil (2023.- £nil). No payments have been
made on behalf of the Trustees (2023: £nil). There were no ielaled party transactions in the year.
7. MOVEMENT OF FUNDS
2024
Unre8trict
od Total
2023
Unrestrfcte
d Total
Balance at 1 January 2024
Income
(506}
103.873
(102.965)
9,063
93.500
{103,069)
Expenditure
Balan￿ at 31 De￿mber 2024
402
(506)
. CONTROLUNG PARTY
The Foundation is under Ihe control of the Trustees.
16