Ch*rlty rnglstratlon numbgr 1166476 (England and Wales) THE WIGHT AID FOUNDATION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE WIGHT AID FOUNDATION LEGALAND ADMINISTRATIVE INFORMATION Tru#t••s MT B MalOtt Mr G Underwwd Mis C C John Mrs Porter S Lucas Mr D Jackson Mrs R A Rarall Charity numb•r 1166476 A¢¢ountants Moore (South) LLP 9 St Johns Place Newport Isle of Wight P030 1LH tel.. 01983 8250¢XI emall.. newwjrt@mooresouih.co.uk Ind¢p¢ndent ex•iiner Bright Brown CharteredAccounlanl Ex¢hange Housg Sl Cross Lane Newport Isle of Wghl P030 58Z Solicltor¥ Glanville5 Damanl The Courtyard St Cross Business Park Newport Isl8 of Wght P030 58F
THE WIGHT AID FOUNDATION CONTENTS Page Trustees. report Independenl examinerfs report Slalement of financial actiwties Balance sheet Notes to the finanaal Stalemenls 7-19
THE WIGHT AID FOUNDATION TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Iruslees present their annual report and nan81 slalemenls for the year ended 31 December 2024. The ffinancial statements have baen prepared in accordartco wlh Ihè aCUnng pc4idas $81 out In note 1 to the finanoal slatements and compty with the chariiys constitution, tha Charities A¢t 2011 and "Accounting and Reporbn9 by Charities.. Statement of RÈcx>mmended Practi 8ppli¢abl8 to charities preparing their accounls in a¢cordan¢e with the Financial Repowling Standard applicable in the UK and Republic of Ireland (FRS 102). leffeclfve 1 January 2019). Ob5•ctiv•s and actlylttos The Charitys objects are the promotion of any charitable puq)oses for the benefit of the communlty of the Isle of Wght and in parbcular'.- the advancèmènt of h88lth or thé saving of IN8S. the advancement tsf edu¢alion, ¢ullur& tr8ditions and heritage, the advancernenl of citizenship or community development. the advancernent of amateur sport. especkalty for the young and people with disabilities. the relief of those in need by ieason ol youlh. age. ill health. disabilty. finan¢i81 hardshlp or other disadvanlage. the othancemenl of environmentsl protection or ImprovemenL Thè fetus is generalty oft smaller ¢h8ri1ie$ where even a few hundred pounds can be a tremendous help. We contribute our time and resources lo the charity to ensure nearfy all we receNe goes direct to those that need thè funds. Not having high administrative costs enables us lo encourage larger organisations to US6 OLFr charity lo reath the Isle of Wight community in the knO%edge that onty a very small prowton of their fun(ls af8 used lo run the charity. Public b8n&fft In setting Ihe Charity's obledves and In eslabllshlng tho charity and njnning Ils activities. Twstee5 have given careful consideration lo the Charity Commission's guidance on publi¢ benefit. Al grants made by the tharity are monitoied ar an assessment is made on outcomes ill Ihe public benefit. Aclivilies The chaiity is grant Inaking fiorn the funds that are provided and donated to it. so Ihat meanlnglul grnnls Can be made to help charitable and community organisations in Ihe Isle ofWKJht. A¢hi¥v¢m&nts and perfoance nFficantactivoS and achigvomenls againsl objectives Donalions were received from many o)mmitted local busines$ as well as a number ol d¢)naUons from individuals. Total donations received ihis y8ar amounled to £74.374 {2023- £64,061>- In addition funding raising events raised £1.22012023- the Garden Paty raised pri)ceeds of £41.808> for the charity. Fundlng The charity is funde(I primarity by businesses based on thB Isle of Wght. Imghl Aid's vision is thal many Island businesses wll join the founding funder5 to continue to contsibule lo the Island's good causas. whilst keeping njnning costs lo an absolute minimum. Selection of grants In accorda1& swth the charitys obi8ctives oullined abovg. a grant makingpolicy and d8tèii8d f8mis of mfer&n¢8 are US8d to assess each applicanl. Onc8 &ligilNlity is appmv8d. th8 charity Consid& the out¢om8s of the grant, including ass8ssments of value for money. eVence ol the need, govemanco and management. community invofvgmgnt. and a lastrng benofft to communlty. Ass&&smgnl$ mad& at each grdnt appliGation panol M&ing. 0cOMeS of gRnts made to the local community Grants made during the year are detailed in the notes lo Ihe financial statements. the resulls of each grant have seen local charilies and support organisations able to continue and extend their invabjable conlrfbulion lo the vc4untary sedor on the Isle of WvJht.
THE WIGHT AID FOUNDATION TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financial revlew During the year. the charity has total income of £112.39812023 - £131.9701 ¢omprising donatsons and funding for Use in the local community. Induded in this total income was glfts In knnd lotslling £36.804 {2023 - £26.101). The Trust paid oul grants of£92.80612023- £75.771). ReseN8s pieY The Foundation currently reqtjires only tninlrnal reseFves in order lo rneet its running costs, and adminislration lime, ond support costs have been mel by Inllight Perlpherals Limited in kind. In kind seNces are also prowded In 8s5isb.ng the tharity wlh rts aeuunling and compliance. The majority of funds arè available lo make grant contributions lo th8 local community. At 31 December 2024 the unreslriclèd fijnds wèr8 somè £101.495 (2023 - £103.1111, with Restricted Funds of £9.373 12023 - £31,738) for spedlk grant p8ymenl$. The trustees are mindful ol the need to socure suffifyenl general lunding lo ensure that the day-l(Fday work ol the Foundation can continua. bui free reserves are nSidered lo be subslanlially the total unrestricted fvnds held at the year-end less those lied up fixed assets of £101.494 {2023- £102.611). Risk The Trustees have assessed the major risks lo which the charity is exposed. in particvlar Ihg$9 related lo the operation and finances of the Trust in its making grants to Ihe island community, and arè salisfiÈd that policies arKt systems are put in place lo mitigate any exposure lo the major rfsks assodaled with seeknng and obtaining fijnds and then making grants lo the local community. 8udg&ts are sel 8nnualty and monitofed by the Trust Grants can onty be paid from available funds. Structure, governance and manag•mont The Charity was established as a Charbtable Incorporated Organisation (CIO) on 12 AprS12016.111s govemed by the trustees in accordan with the Constitulion. The values behind thè constiiull are to be forward thinking. streamlined. cdlaboralNe. indusive and transpafenL The trustees who served during the year and up to the date of signature of the financSal slalemenls were: Mr B Marriott Mr G UndeThYoc*J Mrs C C John Mrs Porter S Lucas Mr D Jackson Mrs RA Fianda]I Recwitment and appoinbngnl oftmst&8$ A balanced board of INstees gives Ihe Foundation skills drawn from thelr personal and profèygional backgrounds including philanthropy, marketing, public tionS. community 5UPPQrt, finanrial management. legal, campaigning. educatton and leamSng and grant maklng. In addi15on, all the trustees are or have been involved in businesses bad on the Isl& of Wght.
THE WIGHT AID FOUNDATION TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Organisatlonal stwcture Th8 charity Iruslees. ¢onstiluied 8$ 8 Commtttee of Management meet on a regular basis {nomially at bast ten limes a yearf) with a Chair and Trea8urer eleded from their number. The Charity has polic4es in pla to SLFPPOrt its grant making. data protection, eonllicts of inlÈrÈsl and wnplainls. aThJ a150 financia] matters such as rnternal controls. expenditure 8nd reserves. Atl new Trustees receive 8 ¢opy of the Constliutlon. logelherwith the Trnslees code of conduct. Those appointed as Tfustees generalty have a huh level of understarKling of the charitable sector on Ihe Isle of Wghl. CharSty Commission publi¢ations and guidance 13 made available as appropriate. The trustees. rewiwas approved by the Board ofTwstees. MrGU Trustèe Oate..
THE WIGHT AID FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WIGHT AID FOUNDATION I r8POrt to Ihe twslees on my examinalion of the finanelal stxtémènts of The Wight Aid Fovnda1ion Oha eharity) for Ihe yaat 8nd?d 31 December 2024. Responsibilities and basls of report As Ihe Iwstees ol the charity yj are fvsponsibla for ihs piepataiion of Ihe financlal ststemenis Iti aCrdanCE wilh Ihe requiremtsnts of thg Charltiès Act 2011. I report in raspect of my examination ol the chartys financial staternenls carried oui uThJer secl(on 145 of Ihe Charibes AGt 2011. In Lx¥rylng my FJx8mlnalton I hav8 followed the Directions glven by Iho Charity Conwnisston under 5eetiw 14515)(bl olthe CharibesAct 2011. kndependentexamln•e$ statem&nt Your attention is drawn to Ihe fact that the charity has pr8pared the [ancIal slalemenls In a¢u)rdan(x with ihe relevant vefslon of the Statement of Racornmended Praclice appIae to tharilles prepaiiny their finandal slalements In accordance wth the Financial Repong Standard applicable in the UK and Republ of IreLand (FRS 1021 in prtsf6rer to the Accountfftg and Reporting by Charities.. Slalement of Recomrnended Practrce issued on 1 Aprfl 2005 whi¢h 1$ r¥f6VT lo IB tbe extanl regatIOnS but has now been wlh¢Jrawn. l undersland that this has beer* done in order lor the financial slatomenis lo provKlg a true and lalr Mew in accordancè ¥th UK Generdly AGcepted Aco)unkn"ng Practico. I have rxjmpleied my examination. I confimi Ihat no malt8is have ¢x)me lo my attention in connedon wrfh the examlnatlon glvtng ma eause to baliev6 that in any material respect.. accountlng recordswere not kept in ie5PQCt ol Ihe ch81ily a8 required by section 130 01tho CharitièsAd 2011. the finaal slatements do not accord with those record5', 01 ffin8nu818tatemenfs do not (x)mpty with Ihe appbcable Fequirement5 conceming the fomi and content of fiTranC1 slalemenls set oul in Ihe Chartlies (AlUnIS and Reports) Regulalions 2(MJ8 olher Ihan any requlrement Ihat Ihe fy)anual statements givè 8 tIV$ 8nd fair ew, whrch not a matter Considered as parl ol sn indep8nd8ril 8xamillalion. I have no C4J¥ThfnS arpj have o)me aeross no othei tnatt8FS in conneclion with the examlnatlon lo whlch shouk1 be dwm thls roport in order lo enable 8 proper understanding of the financAal 51atemènts to b8 Fe8ched. Gavln ACA FCCA ght Brom ChartEtedAcuJuntsrts change Fk)use St Cross Lane Newport Isle olwwhl P030 5BZ 27 October 2025
THE WIGHT AID FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 As re$tstsd. Totsl Unr•strietod Restricted funds funds 2023 2023 As reststed Total Unrostrict•d Restrlct fund3 funds 2024 2024 2024 2023 Noles Incorne from: Donations and lègèe$ Other trading actimbes 111.178 1.220 111.178 1,220 90,162 41,808 90,162 41.808 Total incojne 112.398 112.398 131,970 131,970 Exp8ndlturn on: Raising funds ChaTilat4e a¢tiwiies 838 113.176 838 135.541 7,315 78.716 7.315 110,052 22.365 31,336 Totsl tXnditure 114,014 22.365 136.379 88.031 31.338 117.367 Net Incomellexpendlture) and movèm•nt in fvnds (1,616) (22.365) (23,981) 45,939 (31.3361 14.803 Reconciliation of funds- Fund balances at 1 January 2024 103,111 31,738 134,849 57.172 83.074 120,246 Fund balanceB at 31 December 2024 101.495 9.373 110,868 103,111 31,738 134.849 Tha sta18m8nl of financial aciivitias includes all gains and losses recognised in the year. All income and expendilure derive from continulng a¢tlvrfles.
THE WIGHT AID FOUNDATION BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notos Flxèd a•ts Tangibla assèts 13 500 urrent assets Debtors Cash at bank and in hand 14 605 112.195 413 13S.941 112.81)0 137,354 Crèdltors.. amounts f411ing duo wlthln one year 15 {1.932) 13,005> Not ¢urr•nt a$$•ts 110.868 134.349 Total assets less current Ilabllltles 110.868 134.849 The funds ofth• charlty Restricted income funds Unrestricted fund5 16 17 9,373 101.495 31.738 103,111 110,868 134.849 The financAal ststements wera approv8d by thè truslÈès on........ Mr Truste9 S Luixs Trustso
THE WIGHT AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Ae¢ounting policies Charlty Infomiatlon The Wight Aid Foundation is a Charitable Incorporated Organisation ICIOI gistered wlh the Chaiity Commission in England and Wal&s under numbèr 1166476. The addres5 of the Registered offi is given in the Legal and Adminislralnie Information. the nature of the Charity's operation and princApal actmties are de$¢ribed in the Truslees. R¢p¢ 1.1 Accounting convention The financial statements have been prepared in accordance wth the ¢hariVs con$liluUon. the Chariues A¢t 2011, FRS 102 'The Financial Reporting Standard applicable in th8 UK and Rèpublic th Ireland. {'FRS 102.1 and Ihe Charities SORP "Accounling and Repon9 by Chari¢ie8'. Statement of Recommended Practice applicab18 to charibes prepaiing thèif accounts in accordan with the Financial Reporting Standard appbcable in the UK and Reptsbllc of Ireland (FRS 102)" (effective 1 January 2019). The Ghaiity is a Public Benefrt Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for Charities not to prepare a Ststemenl of Cash Flows. The financial 3talements are prepared in sterfing. which is the funclional currency of the d)arfty. Monetsry amounts in these financial statements are rounded lo the nearest £. Tha ffinandal st81emenls have been prepared undei the historical cost convenlN)n. The princApal acLounting pofioe$ adopted are sel oui below. 1.2 Going concorn Al the lime of 8pproving the financial slalemenls. Ihe Iruslees have a reasonable expectalion that the char has adequate resources to continue in operational existence for Ihe foreseeable future. Thus the trustees continue to adopt the going c(Jncem basis of accounting in preparing thè finandal statements. 1.3 Charitable funds Unreslllded funds are available for use at the disetiOn of the trustees in fvrtherance of their tharttablo ObjeVe$. Restricted funds are Subject 10 5pecbfic conditions by donois or grantors as to how Ihey may bg used. The pUoseS and uses oflhe restricted funds are set oul in the notes to the finana81 st8lèments. 1A Income Inme is rg¢ogni59d when Ihg tharity is legalty entitled to it after any performance conditions have been mel. the amounts Can be Measured rellably. and it 18 probable that income will be received. Cash donalions arg rocognised on receipt. Olher donation5 are recognised once the charity has been notified of the donation, unless performancè ¢ondtlions require defeTral of the amount. Income tax iecoverable in rèlabon to donallons received urKler GiftAid or deeds of covenant is recognised al the limè of the donation. Donaled fadlltles and donated professlonal servlces are recognised as income al their fair value. when the $¢ollownic benefit is probable, it can be measured reliably. and the charity has control over the item. Fair valuè Is delémiinèd on the basis of the value of the gift lo the charbty- for example the amount Ihe charily would be PTepared to pay in Ihe open market for such facirrties and services. A COespOndIng amoltnl is induded wllhin exFenditure.
THE WIGHT AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies {Continuedl Income fr(Kn fundraising events 8r& re9159d as the funds are re¢2Ned. or Ihe charity is notified, the atnount Can be measured reliab5y and the receipt is probable. No amount is induded in th8 finanaal statements for volunteei lime in line with the Chariiies SORP. liems of income and expendibjre are not netted off. 1.5 Expendlturg Expenditure 18 recognised once there is a legal or conslructNe obligation lo transfer economic benefit lo a third party. il is probable that a transfer of economic benefits will be reqUId in setUem¢nt, and the amount of the obfigalion can be measured reliably. Fundraising costs are Ihose incajrred in seeking volunlary donattons and in puwng on fundralslng evenls. Grant payrnents made lo local good causes. and recognised when those gcants a awarded an¢J payments mad8 lo locally based charities and organisations in accordan wKth the obielts of the tharity. Grants are made subject to the availability of funds. Iare uncondrtion81 grants arè offered, Ihi$ is accrued as soon as the raapianl Is nolifièd of th8 9ranl 8W8cd, as this gives iise to a reasonable expectation that the recipient will réceive the funds. In the event thal conditional grants are made relating lo perf0rrnar Ihen the grant is only accrued when any unfulfilled conditions are outside of the control of the charity. 1.6 Tangiblè fixed •$sets Tangible fixed assels are inibalty measuied al cost and subsequenlty measured at C051 or valuation, net of depre¢SaI1 and any Impabmienl losses. DèprarAalK)n is r8cogni$ed so a$ lo wile off Ihe c¢)sl or Wdluaiion of assets less their residual values over their useful1Sves on the followlng bases: Computer Equipment 25% on cost. Tha gain or loss ortslng on th8 dlspos81 of an asset Is delemined 85 the diffeTence een the sale prOedS and the canying value of the a$5et. and is recognised in the statement of financial activities. 1.7 Impalmi•nl of fixed a$séts At each reporting end dale. the charity revt8ws tha (2rrying amounts of its tangible assets lo determine whèther th•r8 is any indication that thosè assets have suffered an impainnenl loss. If any such indicatn exists. the recoverable amount of the asso1 Is osfjmated In ordeT lo determine the extent of the impairment 10$5 {kf any). 1.8 Cash and c?$h equfvalents Cash and cash equivalents include cash In hand, deposlls held al call wlth banks, other 5hort-term liquid investsments with origknal malurIO$ of three months 01 lèss, and bank overdfafts. Bank overdrafts are shown within borrrmings in current li8bililiÈ$. 1.9 Financial inStrUnnts The Charity has ol8cl8d to apply the piovisions of Section 11 'BaS Financial In5trurnents' and Secbon 12 'Other Financial InslrumÈnls Issues, of FRS 102 to all of its ffinanaI instruments. Financial inslrurnenls are recognised in the charws balance sheet when Ihe charity becom¢$ party lo the contractual provisions of the inslrurnenl. Financial assets and liablilies are offset. with tho nal amounts prÈsentÈd in the fin8na81 slalements, when thera is a legalty enfr>rceablè right to sel off the recognisad 8mounts and Ihere L8 an Intenlkni lo Settle on a nel basis or lo realise the as$el and sewe the liabilty simultaneous.
THE WIGHT AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 AceountlNg pollel•s Icontlnuodl 84$1¢ Ilnan¢lala85ets Basic ffinancial assets, whl¢h Indude debt$ and Cash and bank balantss. are inilialty measured al IransadSon prl¢e Including transaction Costs and ale subsequentty carried al amortised s1 using the èffecti inlèresl method unless the arrangement conslilules a financing transaction. where th8 transathon is measured al the present value of the future receipts discounted at a market rate of intewl. Finandal assets classthed as receivable within one year are nol amortised. Baslc Ilnanelal Ilabilities Basic financial liabililies, induding Creditors and b8nk108ns are inllialty recognlsed at transaction price unless the arrangement con$lilvles a financing transaction, where the debt in51wmenl is measured al the present value of the future payments dSs¢ounled at a matkel late of interest Financial liabilities classthed as payable wilhln one year afe not aortiSed. Debt instruments are subsequenlty caThied at amortised cost, using the effective Inte$1 r818 m6thod. Trade creditors are obligations lo pay for goods or setMCèS that have been acquired in the ordinary o)urse of operations from supplièrs. AmotFnls payable are dassified as current liabilities rf payment is due within one year or le$5. If not, they are presented as non-ojrrenl liabilities. Trade creditors are recognised initially at Iransathon price and subsequenlty measured at amortised cost using the elfective interesl method. Derèeognition of flnanelalll8bllllles Financial liabilities are derecognised when th8 charitys contraclud obligations expiie or are discharged or cancelled. Crltleal aeeountlng estlmats# and judgèments In the application of the charivs accounting policios. the trustees are required lo make judgements, eslimales and assumptions about the carrying amount of assets and liabilities that arè not readity app8rent from other sources. The estimales and associated assumptions arè b8sÈd on his10ri¢81 expefience and other factors that ar8 considèred to be rdÈvanL Achjal results may differfrom these eslimales. The estiTnates ar undedying assumptions are reviewed on an ongoing basis. Revisions to a¢counthg estimates are iecognised in the period in which the estimate is revised where the rewsion aff&cts onty that period, or in the period of the revision and future pertods where the rèMsion affecis both ¢urrenl and fuiure piOds.
THE WIGHT AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donations and legacios A$ Testated Unrejtrlcted funds 2023 Unrestrleted funds 2024 Donations and gifts 111.178 90,162 Donatlons and g5ft8 Donations Gifts in kind 74.374 36.804 64,C61 26.101 111,178 90,162 Included in donalB)ns and gifts, 8ra donations in kind of seThi¢es in relatton lo the followfng.. Prolès$lonal a¢¢¢untsn¢y servl¢e$ Total In kind don*ions £2,200 (2023. £2,125), comprising.. £1.900 for the preparation of accounts by Moore (South) LLP (see related party note}, and £300 in relation to the Independent Examination of the accounts by Bri9hl Brown Chartered Accountants. Seconded staff Total in nd donalion of £22.60912023- £19.9861. Further details are given in tho ielaled party note. Offirg accommOdan Total in knnd donation £1,995 {2023- £3.9901. Further details are given in the related party note. Webslte costs Total in kind donation £10.00012023- nio was incurr8d in rèlabon to websitg devolopmenl. This co31 was spl eventy bets¥een Ihe devekjper, and a Trustee. Furthei delalls are glven In the related party note. In¢omè from other tr¥ding activities Unrnstrlct•d Unr•strictsd fund$ funds 2024 2023 Fundralsong events 1.220 41.808 10-
THE WIGHT AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Exp8ndlrts on Ml$ing funds Unrestrtctsd Unfestrlctod fund$ funds 2024 2023 Fundrals5ng and publlclty staging fiJndTaising events DepiÈtyab"¢n and impaimienl 338 500 6.815 500 838 7.315 Exp•ndilur• on ¢harltable a¢tlvltle¥ As restated Grnntsto Grants to Isle of Wlght Isle of Wlght communlty community 2024 2023 Dlrèet Costs Grant funding of activities {s8e note 71 75.771 Share of support and governance cost3 (see note 8) Support 42.735 34,281 135,541 110,052 Analys1$ by fund Unrestricted fijnds Resbicled funds 113.176 78,716 31.336 135.541 110.052 Grants payablg Grnnts to Grnnts to Isle of Wlght Islg of Wight ¢ommunlty ¢ommunity 2024 2023 Grants to Institutns.. Other 92.8C13 75,771 Afull schedule of the grants paid lo the Isle ofwght Community is induded in note 21. 11
THE WIGHT AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 support costs allocated to activities As restated 2023 2024 Bookkeeping and payrol SubscTiplions Insuranc IT and computer costs Bank charges Rent & rates- Offi and storage Sundry Seconded staff Governan co¥15 3,498 382 825 10,446 99 2,657 19 22.609 2.200 3.643 343 788 2.973 433 19.986 2.125 42.735 34,281 Analysed b8twoen: Grants to Isle ofwlghl community 42,735 34,281 Induded in support and govemance costs are donations in kind lotalling £36.804 {2023- £26.101). N•t mov•m•nt In funds 2024 2023 The net movement in fvnds is staled after char9ingllcr&ditingl: Fees payable forthe Independent examination of the tharitrfs financial stateménts Oepreaation of owned tangiblè fuèd assèts 2.2 500 2,125 500 10 Trustees None of the trustees lor any persons connected with Ihem} received any remunera1ion or benefits from the charity during the year. 11 Emplo The average monthly number of employees during the year was: 2024 Numbgr 2023 Numbèr Totsl There were no empbyees whose annual remuneration was mc*re than £60.000. 12 Taxation The chariiy is exempt from tsxation on ts aclMtie5 because all its ino)me is applied for charitabl• pUS$S. 12-
THE WIGHT AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Tanglbb fix•d a$s•ts Computer EquIpmt Cost Al 1 January 2024 At 31 Decembef 2024 Depreciation and impairn*nt Al 1 January 2024 Deprtr¢iatÉon tharged in the year At 31 December 2024 Carrylng amount At 31 Decembèr 2023 500 14 Debto 2Q24 2023 Amounts falling duo wlthln one year: GfftAkl rec86vable 413 15 C¥editor5: amounts falling due within one year 2024 2023 Other crediiors Accnjals and deferred Income 2.620 385 1.932 1.932 3,005 18 Restrlcted funds The restricted funds of the diarfty comprlse the unexpended balances of donations and grants hehj on trust subject lo speryffic condition5 by donors as to how they may be used. At 1 January 2024 Résour¢•8 ¥XPgndgd At31 December 2024 Biyde Island Al'sa's Fund 1,079 30.659 1.079 8.294 122,365) 31,738 122,365) 9.373 13-
THE WIGHT AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Rèstrletsd fvnd$ (Continued) Prevlous Year: At l January Rosourc8s 2023 0Xnd#d At31 December 2023 Bicycle Istand Alisa's Fund 1.079 61.995 1.079 30,659 (31,336) 63.074 (31.336) 31.738 Restricted funds inchjde". Blc cl• Island.. Donations receivèd to ba used towards a ¢harity of the morth granL li¥a'¥ Fund: Managing a speiafic donation to support kKal projects. 17 Unrestr]cted tunds The unrestricted funds of the charlty comprls& the unexpendeil balanees of donations and grants which aTe not subje(I lo speafic ¢ondibons by donors and grantors as lo how they may be used. At 1 January 2024 Incomlng r¥$our¢g$ Ra8our¢ •xp8nd•d At31 D¢¢*mbor 2024 Gen$ral fvnds 103,111 112,39B 1114,014) 101,495 PTgvlou$ Ygar. At 1 January 2023 Incoming rosources Resources expended At31 Docembar 2023 Gèneral fund$ 57,172 131,970 (88,031) 103.111 18 Analy$l$ of t assets balwe•n lund$ Unrèstrletèd lunds 2024 Re8trl¢ted fund$ 2024 Total 2024 At 31 Dg¢•mb8r 2024: Current asselsl(liabilities) 101.495 9.373 110.868 101,495 9.373 110.868 14-
THE WIGHT AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 Anatysl$ of net a$$gts bgtrleen lund$ Icontlnuod) Unrestricted fvnds 2023 Restricted fund5 2023 Total 2023 At 31 Docember 2023: Tangible assets Current assets/(liabilities) 500 102,611 500 134,349 31,738 103.111 31.738 134.849 19 Rolatsd party transa¢tlon$ Transactions with related parties During Ihe year the chanty entered into the following transactions th related parties= Newstell ProperDes Limited. a company conlrolled by Mr Geoff Underwood a Tre¢ of Ihe ¢hartly donated office and str)rage accommodation to the ctharity from the period June 2023 to Mard) 2024. This has been esllmale(l 81 £1.995 12023 £3,990). In addition a famlly mémber of Mf Underw(xKI was Sended by the c¢)mpany to help with the wnning of the Chatity at an estimated )St of £22,60912023 £19.9861. The in-kind donalrons are reflected in both donaliorbs and 8UPFNJrt )sIs. Moore (South) LLP of which Mrs S Lucas is a partner and is a TSlee of the Charity. has donated accounting work induding the preparation of the Charivs slalulory aLnIS of £1.90t) {2023- £1.825). and charged for bookkeeping and payroll saNices and SOfare licènc6s of £4,391 12023 - £3.643). At thè year erKI £1,932 was induded in Cfedilors (2023- £2.520>. In alld1tn. Mrs S Lv¢8s donated £3.(XKI12023- £NllI to the charlty. Hardacre I_T. Limitèd of which David Jackson is 8 D1ctOr and is 8 Trustee of the Charity. contributed £5.000 12023- nil) towards website development costs. In addibon lo the ilems above. the Charity received unrestrTCted donalions and event income including from Trustees and their connecled businesses and family tolalling £10.515 {2023- £20,1). The Ch8rty Is ntrOlled by the Trustees. 15-
THE WIGHT AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 DECEMBER 2024 20 Prfor perlod adluslment Changès to thè balane8 sha•t At 31 Dècemb•r 2023 As prevlou$ly Adlusthient reported As rnstatod Capital fvnds Income funds Restricted funds Unrestric4ed fijnds 31.738 103.111 31.738 103.111 Totsl oqulty 134,849 134,849 Changes tg the profit and1055 a¢¢ount PeTiod endgd 31 December 2023 As provlously Adlustm•nt Ag roststsd report•d Donations ar¥J189auès 66.186 23.976 90.1&2 Charilable a¢tiMties 86,076 23.976 110.052 Nel mwement in funds 14,603 14.603 An adjustment was made to the comparatives to reflect the IlUsion of gifts in kind. Thera was no ov8rall offèct to tha surplus or balance shèèt. 18-
THE WIGHT AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDEO 31 DECEMBER 2024 Grants pald Gian15 m3de l(>tharlie5 and cornmuniiy group5 forthe furtherance of the chafity obj•ctwes w•re'. @- Denotes gTrts made fmm reslrw lunds. T)tsl 2024 Total 2023 1# Gtyjshil & Rookky Scout Group Newport S¢A Group Action 4 Support CIC AIM AtzhewnEr Cafo AThlraw CÈs$ell Foundatlon AF¥)IloTheatrè Pkyers Apjllo Theatre PL8yer8 Arreton Comrnunity Hall Arukah Proierj Asplre Ryd& BnbTrJg8 Futsal To rth Hub Bod¥terEquine CIC Booster Equine As$o(¥ation Brèast Cantter Care LOVW Bnghsione Be$ Biighslone Mosaic Group B$¢0& ProschLX)I Ph$ntr Chri%tmasTrée Fas81 Brwahstone Reading Rooms & Sori81 Club Bi¥Jhslone Youth Footbal Calbourre Recrealion Centre Care InThe Garden Clen8 Adv low Communty Spirited Cowe5 Heiilage and Community Group Cowe5 Men in Sheds Cowe$ Sailabfjty Cowes Sea Cadets DaTrsy Chains Daisy Chains D8mtrnlia Afterth)on Tea Cl Disabled Saikvs East Cowes Community Partner8hlp Embra9 Age EmlxatArng Age First Ad 2011 Free Food in Sandown Freshwater IndepeThd8nl Lifet*)at of Niton Schojl Gelaway Foundation Gelaway Foundation Gumard Parent 8nd TdrGrOup Id[ PKkle ChildreTh's Charity IckL8 Pthle Chldren's Ch3rity Ind8pandenlArt& Isle Acce5S Isle Acce5S lsorrwla Fwndath)n CIC IW criGet Board DefibrilL8lors Dt¥ko of Edinburgh PantnÈs IW Pantries IW Pony Club IW Pfostste caThr Support $000 srxi 500 500 2.500 7,0(KS 2.5Crf) 1,500 480 418@ 31x1 5000 4rJJ oi 500@ 3390 500 500@ SC 1.0(XJ 5(M) 340 5(Ks 2,SCN)O 10,0 4.780 1.OOD@ 5.801 1.771 1,0000 1,060 1,OOQ 1.0000 500 500 1.800 1.0000 4.QfJ) 1,800 5.000 17 IContinu8dl
THE WIGHT AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS ICONTINUEOI FOR THE YEAR ENDED 31 DECEMBER 2024 21 Grants pald Icontlnu6dl VRolary Iwscouls Corf Scout Campska IW Soclety the eiind Swety lorthe 81ind Street Pastors Iwvenue Camp¥vJn ThNYouth Trusl Memorial Hall Arts and LÈlsur8 Lane5end Prrnary School MAMID M8morial Han Art5 Mén Only low Music Craft CIC Natural EnleTrri8e Natutal Enterprise Natufft Therapy CIC Netttestone and SÈaYkwMet)s Shed NevffjoFi Cami¥ NorthW0j House charable Trust Northwo(Kl Hoyse Charitabte Trusl OpÈratin G2rkniu +Jsty Fami CIC Planet Aware Qu8nsgate Fowdalion Primary RevN8 Néwportyoulh Caré Ftyda Saints Faolball Club Sandown and District HistorKal As8ocHtn sand and Lake Foolball Club ShankSn and Sandcwn Rowing Club Shankhn Foolbal Cknb Sandown Aviation Man s Shed sand0 Fsmity Events Sensory Space CIC Shamklin Regatta Sthnl Sitwer8 Soulh Ar8aYouth SpJrtiry Opportunities 15knofWghl st Caihfrrin0'5 SGho St18ThS PAmary Sthool St Mary and St Th(xn88 C ofE Primary Star1ht Academy storemom 2010 Sun Drum Forest Terry RP11r& Charity Lk3hts Th8 Bay CE School The Pho8nE< Pioiect Tal Famity Supp(¥¢ Vectis Radio Veclis Rugby Cb Vwa CamNal CJb Ventnor3nd Local Hk4tory Socioty ven1norcamalAs$orj0I[ VeTrlnorCrlcknlCJb Venlnor ExchaTr Venlnoryouth Foolball CbJb Water8kle Communty Tiust WatersJe Community Trust stW9ht Mon in Sh• stwght Tebank he8t8 Soknl ¢ ght Eagkn F.C M Horse CIC 6000 455fy 1.000 1.QOO 3.242 500 500 500 500 200 sooo) 500 1.800 6.5QO 2.0(Xl 1,LXJO 1,WO 9)0 5QO 7,844 1.0) 5ry) 500 500 2.000 5rx) 51K> 4,740 5¢KI 418 S) soo 500 370 1.SOOéJ 500 750 500 1.000 495Q) s(j 675 2.940 4.0(M) 2.599 500 5trJ 1.831 1.QOO &1 1,500@ 476 18 Iconlin
THE WIGHT AID FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 21 Grants pald IcontInu) Wghl If LèL8ure Wghl Roi Communly Events CIC klheartTrust otton Tets Jb Wrox&l 01]$ X4reme Explorer Scoul Unit Yes CrealNe 8eatS YMCA Fairthorne Gmup Returned grant 3.000 500 soo 395fy 500 400 &) 500 Total Gfits pakl out 2.806 75.771 Analy$l$ offvnrfs Unraslrxted funds Restricted fur* 70.441 22.365 44,435 31,336 Total Granls M•Je 92,606 75.771 19