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 Ma￿lOtt
Mr G Underwwd
Mis C C John
Mrs Porter
S Lucas
Mr D Jackson
Mrs R A Rar￿all
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 ￿nan￿81 slalemenls for the year ended 31 December 2024.
The ffinancial statements have baen prepared in accordartco wlh Ihè aC￿Un￿ng 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 perfo￿ance
nFficantactiv￿oS 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. eV￿ence ol the need, govemanco and management. community
invofvgmgnt. and a lastrng benofft to communlty. Ass&&smgnl$ mad& at each grdnt appliGation panol
M&￿ing.
0￿cOMeS 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 p￿ieY
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
ba￿d 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 y￿j are fvsponsibla for ihs piepataiion of Ihe financlal ststemenis Iti aC￿rdanCE￿ 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 appI￿a￿e to tharilles prepaiiny their finandal
slalements In accordance wth the Financial Repo￿ng 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 reg￿atIOnS 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 fina￿￿al 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 (Al￿UnIS 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$tstsd.
Totsl Unr•strietod Restricted
funds
funds
2023
2023
As reststed
Total
Unrostrict•d Restrlct
fund3
funds
2024
2024
2024
2023
Noles
Incorne from:
Donations and lègè￿e$
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 tX￿nditure
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 Repo￿n9 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 dis￿etiOn of the trustees in fvrtherance of their tharttablo
Obje￿Ve$.
Restricted funds are Subject 10 5pecbfic conditions by donois or grantors as to how Ihey may bg used. The
pU￿oseS and uses oflhe restricted funds are set oul in the notes to the finana81 st8lèments.
1A Income
In￿me 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 CO￿espOndIng 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& re￿9￿159d 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 reqUI￿d 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. I￿are 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 prO￿edS
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 indicat￿n
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 malurI￿O$ of three months 01 lèss, and bank overdfafts. Bank overdrafts are shown
within borrrmings in current li8bililiÈ$.
1.9 Financial inStrUn￿nts
The Charity has ol8cl8d to apply the piovisions of Section 11 'BaS￿ Financial In5trurnents' and Secbon 12
'Other Financial InslrumÈnls Issues, of FRS 102 to all of its ffinan￿aI instruments.
Financial inslrurnenls are recognised in the charws balance sheet when Ihe charity becom¢$ 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 a￿ortiSed.
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
p￿iOds.

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 accommOda￿￿n
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
Exp8ndl￿rts 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 Institut￿ns..
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• pU￿S$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
EquIpm￿t
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
0X￿nd#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 Tr￿￿e¢ 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 Se￿nded 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 T￿Slee of the Charity. has donated accounting
work induding the preparation of the Charivs slalulory aL￿￿nIS of £1.90t) {2023- £1.825). and charged for
bookkeeping and payroll saNices and SOf￿are licènc6s of £4,391 12023 - £3.643). At thè year erKI £1,932
was induded in Cfedilors (2023- £2.520>. In alld1t￿n. Mrs S Lv¢8s donated £3.(XKI12023- £NllI to the charlty.
Hardacre I_T. Limitèd of which David Jackson is 8 D1￿ctOr 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 I￿lUsion 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 g￿Trts 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$ell Foundatlon
AF¥)IloTheatrè Pkyers
Apjllo Theatre PL8yer8
Arreton Comrnunity Hall
Arukah Proierj
Asplre Ryd&
B*nbTrJg8 Futsal To
rth Hub
Bod¥terEquine CIC
Booster Equine As$o(¥ation
Brèast Cantter Care LOVW
Bnghsione Be￿$
Biighslone Mosaic Group
B￿￿$¢0￿& ProschLX)I
P￿h$￿ntr Chri%tmasTrée Fas￿81
Brwahstone Reading Rooms & Sori81 Club
Bi¥Jhslone Youth Footbal
Calbourre Recrealion Centre
Care InThe Garden
C￿len8 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
Embra￿￿9 Age
EmlxatArng Age
First Ad 2011
Free Food in Sandown
Freshwater IndepeThd8nl Lifet*)at
of Niton Schojl
Gelaway Foundation
Gelaway Foundation
Gumard Parent 8nd T￿d￿rGrOup
Id[￿ PKkle ChildreTh's Charity
IckL8 Pthle Chldren's Ch3rity
Ind8pandenlArt&
Isle Acce5S
Isle Acce5S
lsorrwla Fwndath)n CIC
IW criG￿et Board
DefibrilL8lors
Dt¥ko of Edinburgh
PantnÈs
IW Pantries
IW Pony Club
IW Pfostste caTh￿r 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¥
NorthW0￿j House char￿able Trust
Northwo(Kl Hoyse Charitabte Trusl
OpÈratin G2rkniu
+Jsty Fami CIC
Planet Aware
Qu8*nsgate Fowdalion Primary
RevN8 Néwportyoulh Caré
Ftyda Saints Faolball Club
Sandown and District HistorKal As8ocHt￿n
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
St￿18ThS PAmary Sthool
St Mary and St Th(xn88 C ofE Primary
Star1￿ht Academy
storemom 2010
Sun Drum Forest
Terry R￿P11r& Charity Lk3hts
Th8 Bay CE School
The Pho8nE< Pioiect
T￿al Famity Supp(¥¢
Vectis Radio
Veclis Rugby C￿b
Vwa CamNal C*Jb
Ventnor3nd Local Hk4tory Socioty
ven1norcam￿alAs$orj0I[
VeTrlnorCrlcknlC*Jb
Venlnor ExchaTr
Venlnoryouth Foolball CbJb
Water8kle Communty Tiust
Waters*Je Community Trust
stW9ht Mon in Sh•
stwght T￿ebank
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 G￿fits 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