Charlty rogistratlon number. 1166476 THE WIGHT AID FOUNDATION REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 8HT THE WIGHT AID FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Pages Charlty Infomiatlon Trustees. Annual Rèport Independent Examln•rs' R•port statement of Flnanclal ActMtI•s Balance Sheet Notes to the Accounts 7-14 CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023 Charlty roglstratlon number 1166476 Tru¥teo8 Mr Stephen Porter Mrs Claire John Mrs Susan Lucas Mr Blian Mairiott Mr Geoffrey Unde￿ood Mis Rachael Randall Mc D Jackson Contact addrg¥¥lrgglstered office IFPL Elm Lane Calboume Newpori Isle of Wght P030 4JY Admlnl$trator Mrs A L UndeThvood IFPL Elm Lane Calboum& Newport Isle olwght P030 4JY Indepondènt ExaminÈr Brighl Brown Chartered Accountants Exchange House st Cross Lane Newport Isle of Wtghl P030 5BZ AccountsntS Mfy)re (S(MJlh} LLP 9 Sl John's Place Newport IS￿ ofwghl P030 ILH Solicitor Gl8nvill9s The Courtyard Sl Cross Business Park Nèwport Isl& of Wight P030 5BF Email addr￿5 adtnin@wightsid.org W•bsits www.wightald.org THE WIGHT AID FOUNDATION TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trustees present their report and the finanry81 statements ofthe charity for thè yèar ended 31 December 2023. The aco)fJnts have been prePa￿d in 8c£ordance with Ihe accounting poliaes s&t out ift note 110 the accounts and comply wilh the Trusfs Artides and Memtsrandum ar￿ tho Siatemenl of Recommended Practice {SORPI 'Acry)unting and Reporting by Ch8iities" (FRS1021 lapplitsblè January 2019). Oblectlvos and a¢￿¥1119$ The promotion of any charitable purposes for the benefit of ihe community of the Isle ofwghl and in particular'.- Ihe advancement of heallh or thè saving of lives, Ihe advancement of education. cultuie Iradttions and heritage, Ihe advancement of ciiizenship or community development, Ihe advancement of amateur sport. ospecially for the young and people wth dlsabilili8s, the relief of those in need by reason of youth. age, ill health. disability. finanu81 hardship or other di5advaniage. Ihe advancemenl of envlronmental prolection 01 improvement. The fO￿S is geneKIty on smaller chartbès where even a few hundied pounds be a tremendous help. We contribute our lime and ￿SoUrceS to the charity lo ensure neady all we Teceive goes direct to those that need thefunds. Not having high administrative $18 enables us to encourage larger organlsatlons to use our charty to reach the Isle of Wght ci)mmunity in the knowledge that only a very small proportion ofthelr fvnds are used lo the tharity. structure. governance and managemènt Thè Charity was established as a Charitablè Incorporated Organi5ation ICIOI on 12 April 2016. 11 is govemed by the trustees in a¢xoldar￿ wilh the Constitution. The values behind the Con8tilution are to be fonvard thinking. streamlined. collaboraiive, I￿lus￿e and Iransparenl. Recrultment and appolntmènt of now trustÈè8 A balanced board of trustees gives the Foundation skills drawn from their personal and professional backgrounds Indudlng philanthropy. markettng. public rèlations. Gommijnity support, financial management. leg85. ¢amp8igning, educalion and learning and grant making. In addition. all the trustees are or have been involved in busln¢$s¢s based on the Isle of Wght. Trustees that served durlng the year. Mr Stephen Porter Mrs CLiire John MT3 Susan Lucas Mi Biian Marriott Mi Geoffvey Underwood Mrs Flachael Randall Mr D Jack8C Inductlon and tr•lning gf new trustees All new trustees receive a copy of the ConstitutKin. together with Ihg trustees code of CA)nducl. Thos¢ apw>inled as Iruslees generally have a high level of understanding ol the tharitable sector on the Isle of Wght. Charity Commission publiGgtions for trustees are made available as appropriale. Organlsational ¥tructure The charity Iruslees. constituted as 8 Committee of Management. me8t on at le8$1 ten o¢xasions each year. Thè Chairman and Treasurer are electod from their number. The charity has p(Aiciès In FA￿￿ lo support its grant maknng, data protedon. conflicts ofinteTesl and complaints. and also fm8rKa81 costs and res&rves. Public ber￿fit statement In setting the charitys obiectives and in establishing the charity and running ils activiti6s, Ituslees have given careful constdetalion lo Ihe Charity Cornmission's gener81 guidanc8 on public benefit. All giants made by the charity are monitored and an assessment is made on outcomes in Ihe public ben8fit. Risk The Injstees llave assess￿ the major rlsks to whl¢h the 18 exposed, in particular those related to the operation and finances of the Trust in its making grants lo the Island community, and are satisfied that policieg and systems are in place to THE WIGHT AID FOUNDATION TRUSTEES, ANNUAL REPORT l¢ont) FOR THE YEAR ENDED 31 DECEMBER 2023 Risk {¢onti mlllgale 8ry 8XPOSUTe lo the major risks associated w&th seeking and obt8lning fuftdg. and then making grants to the local ornmunty. Budgets ale set annually and monilored by the TrustÉè$. Grants can only be paid out from available funds. Achl•v8m•nts and performance Donationswère re￿Ne￿ from many commirted local business as well as a number of donalionsfrom individuals. Total donations received tris year arnounted lo £66.186 {2022-£37.123) In addition the key fvnding raising event. The Garden Party held raised proc8eils of £40,676 kn the tharity. Fundlng The ch8rtty is funded primarfy by businesses based on the Isle ol Mfight. Wght Md's vtsion is that many Island businesses will join the founding funders lo crjnlinue lo contribute to the Island's good causes. whilst keeping running u)sts to an absolute minimum. Selection of grants In accordan(* thé tharitVs obiectives outlined above, a granl making policy and delailed lemis of Teference are used to assess each appllcanl. Ono eligibility is approved. the charity considers the outcomes of the giant. including assessments of value for money. 8vidÈncè of the need, govemance and managemenl. community involvemgnL and a lasting benefit to the communty. Assessments are made al each grant applulion panel meeting. Outcomes of grants mado tts the local community Grants made during the year are detailed in r￿le 5 to the finanaal statements. the results of èach gTrnl have 8een local charities and support organisations able lo o)nbnue and exiend their invaluable contribubon to the voluntary sector on Ihe Isle of WKJhl. Flnanclal rèview During the period the th8rlty has total income of £107,994 (2022- £87.199) compri%ing donations and fvnding for use in the hxal communty. The Try￿1 paid out 9ranls of£75,771 {2022 - £86,760). Resèrvès The Foundation Ixjrrenty requires onty rninimal reseryes in order to meel its running costs, and administration lime. and support costs have been met by Intlight Peripherals Limited in kind. In kind services are also provlded 8ssthing Ihe charity with its accountin9 afKI cornpliance. The majority olfunds are available to make grant contributions lo tha lornl community. At 31 December 2023 the net assets of the General Fund were some £103.111 {2022- £57,172), wth Restricted Funds of £31,738 12022 £53.0741 for specific grant payments. The trustees are mindful ol the need lo secure sufficient general funding to ensur6 Ih8t the day-t(kday work of the Foundation can continue. but free ￿SelveS are considered to be substanlially the totsl unreslricted funds held at the year-end less those ti8d up in 8ssots of £102,611 {2022- £56,172). Trusts￿ rgspon8ibililie8 Charity law require the trustses lo prepare accounls for each financial year. which giv8 a true and fair view of Ihe state of affai(s of the charity and of th8 suiplus or defiril ol the charity that period. In preparing those 8ccounts. Ihe Trustees are required to.. Select suitable accounting policies and then appty them consistent￿. Make judgments arkj eslimales that are reasonable and prudent. State whethèr appliGqble accounting standards have been followed. subject lo any ma18rial departures disclosed and explained in Ihe a¢xounls', and Prepare the aLxounts on Ihe going c4Jncem basis unless it ts inapwopriate to presume that the charty will conhnue in business. The truslees ar• responsible for ensuring that the charity keeps proper acLountiTh3 r8cords whith disdose with reasonablo accuracy at any timè thè financi81 postbon of the charity and which enable Ihem lo ensu￿ that the fJnan my attention. Basis of independent examlnerfs statemant My ex8min8tion w88 carried out in accordance with g•netsl Direclions given by the Charity Commi55ion. An examination indude$ review ol Ihé aco)unting records kept by the charity and a comparison of the accounts presented with those records. 11 also includes consideration ofany unusual items ￿ disdosures in the awounls. and seeking explanationsfr<)m Ihè twslees concerning any such m8tter5. The procedures undertaken do not provide all the evidencelhatwould be iequired in an 8udil. and consequently no opinion is given as lo whelher the accounts pre$enl a 'true 8nd fairf view and the report Is limtted to matters set out in the slalemenl below. Independent examinerfs siat•m•nt In Connection Wbth my examination. no m8tsrial matters have come to my attention gwe me cause to believe that in arty material respect.. the aco)unting ￿CordS wérè not kept in accordance with section 130 of the Charilies Act.. or the accounts did r￿t accord with the accounting records,. or the accounts did not comply wth the applicable requirements conceming the form and content of attounts sel oul in tho charl￿eS (Accounts and ResJ)rtsl Regulations 2Th)8 other than any cequiremenl that the a¢x¥)unts give a'twe and fairf view which is not a matter considered as part of an independent examlnatk•n. I have no cKJrLems and have come au0$$ no othor mattefs in connection with the examinaf¢on lo which attentiCfL should be drawn In thls report in order lo enable a proper undeYst8ndirtg of the 8ccounts lo be reached. Gavin Kelly ACA FCCA Bright Brown Limited Chartered Accountants Newport Isle of Wghl THE WIGHT AID FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENOED 31 OECEMBER 2023 Unr•strlet•d R•strietÈd Funds Fund 2023 2023 Totsl Funds 2023 Unrestrlcted R•strfct•d Totsl Funds Fund¥ Funds 2022 2022 2022 Notes Ineomè and endO￿rynents from: Don8tion5 and legacies In¢ome from other trading activities: Fundiaising events Supporter Events 66.186 66,188 37,123 37.123 3.540 3.540 Total InGome and endowments 107,994 107,994 87.199 87.199 Expenditure on: Fundral¥lng Costs of raising fvnd3 7.315 7,315 16,847 18.847 Charftsblg gxpenditure Grant9 paid Support costs 44.435 31.336 75.771 36,866 164 29.894 68,760 Total eX￿ndItUr• 62,055 31.336 93.397 62,877 29.894 92.771 Net IncOm￿1•xp•nditure) 45.939 (31.336) 14.603 24,322 (29.8941 {5.5721 Transfer btheen (und8 Net movement In funds 45.939 {31.336) 14.603 24,322 P9,8941 (5.5721 Reconclllatlon of funds Total funds brought forward 120246 125818 Total funds carrled forward 103.111 31.738 134.849 57,172 63,074 120.246 The statement of finanti818clivitie8 indudes all gains and losses recognised in the period. l incoming resources and resources eX￿nded derive from continuing acbvities. THE WIGHT AID FOUNDATION BALANCE SHEET AS AT 34 DECEMBER 2023 Nots 2023 2022 Flxed Ajsots Tangible assets 1.000 Currènt a85et8 Debtors Cash 8t bank and in hand 413 137,354 119.631 Crèditors: Amounts falling due Iwthin one year 13.005) Net eurr*nt assots 119246 Total a$sèt8 less current liabilities 134,849 120.246 Chartty Fund¥: un￿$tri￿ed funds Restricted Funds 11 10 103.111 57.172 134,849 120.246 Th• finandal statsments wete •pproved and aulhorised for issue by the Board. Signed on behalfof the trusle88 Geoffiey Paul UndeThvood-TnJsteè (Chair) Sue Lucas- Trustee ffr•a Tho notès on pag•s 7-14 form part of these finanoal slalements THE WIGHT AID FOUNDATION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Summary of significant ac¢ounting policies (al General Inforniauon ar￿ basis of preparation The Wght Aid Foundation is a Charitable Incorporatèd Organisalion ICIOI ￿gIStered with the Charity Commission in England and Wales under number 11efj476. Thè address of the registered office is given in the charity infornialion on pa9e l of these fin8nThal slalements. The naiure of thè charity'$ operations and prinapal activities arè des¢yibed on page 2. The ehaEity conslilules a Pu￿1¢ benefit entity as dofined by FRS 102. The financial statements h8Vo been prepared in aco)rd8nce th Accounting and Reporting by Chartlles.. Stslemenl of Recommended Practice applicablè to Gharifies preparing their accounts in accordance with the Finanoal Reporttng Sland3id aFwlicable in Ihe UK and Republic of Irèland issued on October 2019. the FInan￿81 Reporting Standard applicable in the Unitèd Kingdom and Republic of Ireland (FRS 1021. and the Charities Aci 2011. Thè financial statements are preparèd on a 90ing concern basis under the histori(xl (x)st wnvenlion, modified to Indude eert8Trn iloms al fair value. The financial statements ale prepared in sterfing which is the functional of the charity and roundèd to thè nearest £1. The significant accaJuntiThg poI￿leS applled In the prepaiation of these finanaal statements arè $el Ixrt bèlow. These policies have been Consistently applied to all years presentad untes$ olhenuise staled. Ibl Funds Unrastricted funds aTe available for use at the discretlon of trle Irustees in furtherance of the gener81 Object￿￿3 of the charty and whth have not been designated for other puipose$. Reslricled funds are lunds which are to be used In accordanoe with speafic restrictions imposed by donors or which have been ralsed ty the charity for parI￿laT purposes. The cost of raising and administering such lunds aTg tharged against ihe spedf fund. The aim and use of each restficied fund Ss set oul in the notes to the financial statements. Icl Income recognition All incoming resources are induded in the Statement of Finan¢l81 A¢￿vIlle5 (SOFA) when the charity is leg81ty enlilled lo the income after any performance condrtions have been met, the amount can be measured reliably and it is probable that the income will be re￿ived. For donations lo le￿9￿1$ed the charity will have been nohfied of Ihe 8mounts and the setuement date in writing. If there are condiltons attached lo the donation and this requires a level of performance before enliuement can be obtained, then income is deferred unlil Ihose conditions are fully met or the lulfilment of those condrfion8 Within the o)ntrol of the charity and it is probable Ihal they will be fv1fi119d. Granls received including Govemment granis are fecognised when the ch8rity is entiUed to the funds. the receipt 1$ probable and the amount can be es18tAished. Donated facilitiès and dDnaleil professional services are recognised In Income at Iheir fair value when their economle benofrt is wobable, It can be moasured reliably and the tharity has control over thé item. Fair value is determined on the basis of the value of the gift to the dwrity. Foi example, Ihe amount the charity would b& willing to pay in the open maiket for such tscililie3 and services. A COr￿pOndIng amount is recognised in expenditure. No am￿jnt is indEKl8d in th8 financial slalements for volLTrnteei time in Ilne wth thg SORP IFRS 102). Furthei dotsll 1$ given in the Tiuslees. Annual Report. Idl Expenditure recognltlon Atl expendilure is accounted fw on 8n accwals basis and has been classified under he8dings that aggregate all cost5 related lo the category. Expenditure is recognisèd where there is a legal or constructive obligation lo make payrnents to third pat11es. il Is obable Ihat the settlementwill b6 cequired arld the afflounl of the obligalion can be measured reliabty. Expendituie is dassified undèr the following headings.. cost of funds with event costs, and expenditure on charitable activiliè$. Grants payable lo ihird parties ar• within the charilablo obj6(Iwe8. The Foundation make granis to IS￿ ofwighl communitygfOUPg and Chawilies in accordancewilh Ihe objects of Ihe Ch8rity, and subjed lo available funds. W)erè urKondilional grants are offered. this is 8wtued as soon as the recipient is nolified of the grant, as this gw88 rise to a reasonable expectation Ihal the recipient Mll receNe the grants_ Whére grants are conditKJnal relating to perfomianGe then the grant is only accrued when any unfulfilled ditions arè outside of the contfol of the charity. THE WIGHT AID FOUNDATION NOTES TO THE ACCOUNTS (cont'd) FOR THE YEAR ENDED 31 DECEMBER 2023 Summary of slgnlflcant accounting policies leontlnu•dl {el Support costs alloeation Support costs are those that assi81 the work of the charity but do not directly represent charitable activitiès and indude office Costs. govemance costs, admini8lrHlive payroll costs. They ar8 incurrgd diroc11y in 6UPPOrt of expendItU￿ on the objects ol the charity. Fund-raTrsing CLJsts are Ihose Sn¢urr8d in 3eeking voluntary contributiorts and do not indude the costs of dissèminating infomialion in sUPPOrt of ihe charitable 4¢livilies. In Debtors and credltors rèeelvablglpayable wlthln ijne year Debtors and creditors with no slaleil intere51 rale and receivabl8 or payablg wilhin one year are r8corded al transaction wice. Any 108ses arising from impaim)ent are recognised in expenditure. (gl Tax The charity is an exempt charity within the meaning of schedule 3 of the Ch81ilies Act 2011 and is considered lo the tests sel out in Paragraph 1 Schedulè 6 Finance Act 2010 and therefore it m&8ts the dgfiniliori of a charitable entity for UK Corporation tax pu￿oseS. (h) Tangible fixed assels Tangible r￿ed assels are stated al cost lordeemed cost) or valuation less ac(xJmulal8d deweciatiorb and accumulated impaiFment 1085es. Cost indudes o)sts directly attribuiable lo making the asset capabl6 of operatiThJ as intended. Deprerialion is provided on all tangiNe frxed assets, at rales calculated to writ¢ off the ￿81,1&5S estimated resldual value. of each asset on a systematic basis over expected useful life as follows-. Computei equipmenl 25% slraight Ilne 111 Staff costs When employees have rendered Servi￿ to the charity. tha eost is reflected in these acc(4Jnts togelherwilh employee benefits lo which the employ86S arè entitled. The charity operates a d&finèd conlinualion plan for the be￿rrt of ils employees with cKJntributi¢)ns bèing expensed as Ihey become payablè. Donatlons and legaci98 Unrg¥tri¢ted 2023 Restricted 2023 Total 2023 Total 2022 Donations r¢¢eivèd Professiu)al servicès in kirKI 64.{￿1 64.061 35.058 (Note 3) 66.186 66.186 37,123 In respect of the comparative donathons recerved figure of £37.123, £nil wa8 in relation to restricted Irwme. THE WIGHT AID FOUNDATION NOTES TO THE ACCOUNTS (cont'd) FOR THE YEAR ENDED 31 DECEMBER 2023 Donatlons In klnd The following org8nis8tion provid￿1 8eNices by way ofdonations in kind'.- Total 2023 Toial 2022 Bright Brown Moore Isoulh) LLP Independent Examination Accountsncy and CIO Infomiation 300 3(M) 2.125 2.065 Resources expended The charity allocates its G05ts. including support costs, as shown in the table below. Support costs are allcmxted on a basis consistentwith Ihe use of resoureès, and alloration of staff lime. Unrestricted 2023 Restrlcted 2023 Totsl 2023 Total 2022 FundralsSng costs Event ojsts Depr8ciatM)n 6,815 6,815 500 7,315 18.347 SC 18,847 7.315 Charitable expendlture Grants paid 44,435 31.￿8 75,771 66,760 Support costs Staff wages {note 61 Bookkeeping and payroll Accountancy and Independent Examination (not8 3> Sub5CriPtion6 Insurance Computer ¥unnirvJ o)sls Bank charges 3,115 385 2,065 349 778 2,422 3,643 2.125 343 786 2,973 433 10.305 3.643 2.125 343 788 2,973 433 10,305 9,164 Tatsl R¢¥ources Expended 62.055 31,336 93,391 92,771 In respe& of the (x)mparali¥e grants paid figure of £66.760. £29,894 of thls w88 in relation lo restricted expendStuie. Govetnance costs in respect of the preparai(on ofacLounts and Independent Examination are included above at £2,125 121Y22.. £2,￿5}. Grants paid Grants ma¢Jo to charilies and community groups for the bjrtherance of the chadty oblectNes were.. Total 2023 Total 2022 Unrestricted grdnts pald for out of unr•striet•d fund# Newport Scouis Action 4 Support CIC AIM Andrew Cassell Foundation Arrelon Community Hall AS￿rè Rydé Breast Can(￿[ Care low 500 2.500 2.500 THE WIGHT AID FOUNDATION NOTES TO THE ACCOUNTS (cont'dl FOR THE YEAR ENDED 31 DECEMBER 2023 Total 2023 Total 2022 Grants pald Icont'dl Unrestslctod grants paid for out of unrg8tricted funds {cont'd) Brighslone Reading Rooms & So¢lal Club Calboume Recreation Centre Care In The Garden Citizens Advice low Cornmunity Spiriled Cowes Heritage and Communty Group Cowe5 Men in Sheds Cowes Sea Cadets Daisy Chains First Act 2011 Free F(x)d in Sandown Friends ol Niton School Independent Arts Island Games IOW Ciickel Board IOW Defibrillators IOW Hockey Club IOW Learning Zone IOW Search and Rescue IOWVenue Campaign IOWYoulh Trust John8 Club low Mémori81 Hall Arts and Leisure Lanesend Prirrtary School Men Onty low MLJSIC Craft CIG Newwrt Carnival Planet Awar Pop Up Soup Krfchen Queèns9ale Foundabon Primary Ryda Saints Foolball Club Sandown Fatnily Events Sensory Spacg CIC Solenl Singers Swjrting Opportunitiès Iste ofwighl St Catherine's School St Mary and Sl Thomas G of E Pllmary Sun Drum Foiesl The Bay CE Sthool The Phoenix Projecl The Wight Brainy Bunch Tidal Famlly Support Vectis Radio Vectis Rugby Club Wiva Camival Club VentnoT Exchange Wel Wheels WaleT&de Communty Trust VVe81 Wight Men in Sheds Wesl Wight Nursery ghl E8gles F.C ghl Horse CIC Idheart Trust YMCA Falrthome Gmup Relumed giant 500 500 1,000 500 1,(K)O 340 500 1.000 865 500 1,060 1.930 350 500 6,495 500 150 6,5(X) 2.0(X) 5(X) 51X) 500 2.OL 5(K) 370 500 750 1.000 5(Kl 500 2.940 500 4.000 2.599 500 500 1,831 1,535 4,657 60 500 500 00 44.435 36.886 10 THE WIGHT AID FOUNDATION NOTES TO THE ACCOUNTS {cont'd) FOR THE YEAR ENDED 31 DECEMBER 2023 Grants pald (Gont'dl Total 2023 Total 2022 Ro$lrlctsd grants pald for oui of r¢¥trJet•d funds 7th Newport Scouts Altheimer Café Apollo ThealTe Players 8aby Box 8odstei Equine CIC Brigh5tone Belles 8righsione Mosaic Group Brighstong Preschool Brighstone Youth Foolball Carè in the Gar(Sen Childrèn in C8re Cowes Sailability Daisy Chains IW Di88bled Sailors Association Embroclng Age Gum8r(I Parent and Toddler Group IOW Chiklrens C8re IOW Society for the Blind IOW Street Pastor8 IOW Venue Campaign IOW Youth Tiusl Island Games Lanesend Primary School Netllestonè Pritn8ry Noel Tumèr Physics Festival Northwood House Chari18ble Trust Oakfield C.E Primary Operation Geranium Osel Enterprise Revive Newport Youth Cafe Riboleau Sludlos Royal Is18 ofWKJht Agricuttural SocAety Ryde Academy Ryde Rowing Club The Birth Hub The Galeway Foundation Waterside Community Trust Wofvlheels Solent CIC West ￿ht Timebank Wight Ice Leisure Wooton Tois Club Xtreme Explorer Scout Unit YMCA Fairlhome Group 500 500 418 500 1.000 2.800 2.5 1.900 500 500 500 500 3.242 500 2.000 70 150 500 2.500 258 500 5.(X)O 500 275 500 500 2.500 5,601 1.IXJO 1,500 500 3,000 395 400 500 7.341 5Crf) 31.33fj 29.894 Total Gr8nts Made 75.771 66.780 11 THE WIGHT AID FOUNDATION NOTES TO THE ACCOUNTS {cont'd) FOR THE YEAR ENDED 31 DECEMBER 2023 Total 2023 Total 2022 staff Costs and Trustso's oxp•nsoS Gross Wages 3.115 No trustee received any remuneration or exponses in the period 12022 nill. The total 8mourhl of employee benefit roceived by key management personnel is nil12022- £nill. No employee received in excess of £60,0(K) (2022- £eA).OCLI.) Tho total remvneration to staff in the peri￿￿ was £nil12022- £3,115). No employee received banèffits in excess of£60.000 (2022-£60,000). Tangib￿ fixed as8ets Compuler Equlpment Total Cost At 1 January 2023 Additions 2.000 2.OCM) At 31 Decernber 2023 2,OCXJ Depreciati¢ At 1 January 2023 Charge for year 1,000 500 At 31 De¢errt)er 2023 1,500 N8t book value at 310ecember 2023 500 N*1 book value 8131 January 2022 1,000 D8btoYs 2023 2022 Other debtors- 9rft ald 413 413 12 THE WIGHT AID FOUNDATION NOTES TO THE ACCOUNTS {cont'd) FOR THE YEAR ENDED 31 DECEMBER 2023 Creditors- amounts falllng due wlthln one yèar 2023 2022 Trade creditors Other ¢redilor8 2,620 385 3.005 385 385 10 Restricted funds Transfers Balancè Itoylrom at unrestricted 3111212023 Balance at 11112023 Income Expondlturè Bicycle Island isa's Fund 1,079 61,995 1.079 30.859 (31.336) Total reslricted fijnds 63.074 (31.336) 31.738 Comparntlv• TranBfers Balanco Itoylrom at unrestricted 3111212022 Balance at 11112022 Income Exp•nditurè Bicycle Island Young People isa's Fund Youth Sports Devek*pment 1,079 7,6 84,169 70 1.079 (7.6501 (22.174) 170) 61,995 Totsl reslricted hjnds (29.894) 63,074 Blc L￿Sland- Donations receNed to ￿ used towards a'¢*arity oflhe month" grant. Youn Peo le- t)onations receNed that are to be used towards projethharilies benefitting specifically young Pgople. Ali8a'8 Fund- Managing a specific donation to support local projeds. Youth S rts D￿e10 ment- Donations received that are to bo used towards sporting actNities for young pooplo. 13 THE WIGHT AID FOUNDATION NOTES TO THE ACCOUNTS {cont'd) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Unrostrleièd fvnds Transfers from Balanc8 at restrlcted 3111212023 Balance at 11112023 Income Expènditure General fvnd 57,172 107.994 {45.939) 103.111 Comparatlve Transfet¥ Balance from at restrlct•d 3111212022 Balane• at 11112022 Income ExpendSture Gtrner81 fund 32.850 87,199 {62.877) 57,172 12 Net Assets befvRen funds Unrestrlctod Rg8tricted Total Funds Funds Funds 2023 2023 2023 Unrestrlcted R•strlet•d Funds Funds 2022 2022 Total Funds 2022 Non cuvrenl assets Curtent a55els Curfenl liabilities 500 105.816 31.738 137,354 56,557 385 63.074 119.631 385 Net Assets at 31 December 2020 103.111 31.738 134.849 57.172 63.074 120.246 13 Related party dl$¢losur08 Moore ISc4Jlh) LLP. ofwhich a partner Mrs S Lucas is a Trustee has donated a(￿O￿nting Work of £1.82512022- £1.7651, and charg6d for bookkeèping. payroll services and solmare lic6nc•s of £3.fj43 {2022- £385). A balance of £2.520 wa$ outstanding 81 the ye8r end12022 £nif). During the period the ¢harity rè¢eived donations and event income i￿IlKI1ny from trustees and their connected busin￿8$ tolalling £20.106121y22- £15,510) The charlty Is undèr the control ofthe tr￿1888. 14