# **CHARITABLE INCORPORATED ORGANISATION: CE013323 REGISTERED CHARITY: 1177251**
## **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **FOR**
## **ISLE OF WIGHT MENCAP**
## **ISLE OF WIGHT MENCAP**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
||**Page**|
|---|---|
|**Report of the Trustees**|1 - 2|
|**Independent Examiner's Report**|3|
|**Statement of Financial Activities**|4|
|**Balance Sheet**|5 - 6|
|**Notes to the Financial Statements**|7 - 9|
|Tangible fixed assets|10|
|**Income and Expenditure Accounts by Activity**||
|General|11|
|Investment|12|
|Farm|13 - 14|
|Shop|15|
**ISLE OF WIGHT MENCAP**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102) (effective 1 January 2015).
## **Objects of the Charity, Principal Activities and Organisation of our Work**
The objects of the Charity are to provide help and support to all people with a learning disability on the Isle of Wight. This means any developmental disability of the mind and any associated condition however caused and whether mild, moderate or severe. The Charity exists to support them, their families, dependents and carers and to advance learning and understanding about all aspects of people with a learning disability. We also exist to provide or assist in the provision of facilities for the recreation or other leisure time occupation for people who have learning disabilities with the object of improving their conditions of life. The Charity operates by running a number or projects, including a centre providing personal development services, supporting a People First project and a variety of other activities.
The Charity operates so that the Trustees meet regularly to manage its affairs. There are no full time employees providing administrative support, but in some of the projects there are full time employees who run those projects. We are very grateful for the support of the volunteers who support our projects and without whom they would not be possible. Some of our funding is provided by the income from a charity shop, which the Charity runs.
## **Transaction and Financial Position**
The Statement of Financial Activities shows net income for the year of £370,557 and total resources expended of £373,492. The net movement in funds for the year was £-6,718 and the total funds at the year end was £1,391,075.
Our major sources of income are contracts received from individual personal budgets and the income from the operation of our charity shop. We sometimes receive significant bequests.
## **Tangible Fixed Assets for use by the Charity**
Details of movement in fixed assets are set out on page 10 of the accounts. The major asset is the property at Haylands Farm and the major investment asset is a stocks and shares account valued at the year end at £79,824.
## **Directors and Trustees**
All directors of the company are also trustees of the Charity and there are no other trustees. The trustees named on page 2 served during the year. The Board has the power to appoint additional trustees as it considers fit to do so.
## **Risk Management**
Trustees actively review the major risks on a regular basis which the Charity faces and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks faced by the Charity and confirm that they have established systems to mitigate significant risks.
## **Reserve Capital**
The charity holds cash reserves to allow for a number of contingencies and in the current balances, the following sums are allocated:
Haylands Farm/Shop Redundancy Provision: £45,000
Haylands Farm/Other - Development of Service Projects: £20,000
Page 1
## **ISLE OF WIGHT MENCAP**
## **REPORT OF THE TRUSTEES - CONTINUED**
## **FOR THE YEAR ENDED 31 MARCH 2023**
## **Trustees Responsibilities in Relation to the Financial Statements**
The trustees are required by company law to prepare financial statements for each financial year which give a true and fair view of the financial activities of the charity and of its financial position at the end of that year. In preparing those financial statements the trustees are required to:
a) select suitable accounting policies and apply them consistently;
b) make judgements and estimates that are reasonable and prudent;
- c) state whether the policies adopted are in accordance with the Companies Act 2006 and with applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the financial statements;
- d) prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Independent Examiners**
A resolution proposing Mackenzies be re-appointed as Accountants and Independent Examiners of the Charity was put before the Annual General Meeting and approved.
## **Approval**
This report was approved by the Board of Directors and Trustees on 10th November 2023 and signed on its behalf by:
Mr C Ford Trustee - Chairman
## **List of current trustees**
Mr C Ford - Chairman Mr C Cook - Vice Chairman Miss L Lamport -Treasurer Mr D V Downer Mr J Phillips Mr F Cook Mr I Poulter Mrs A Miller Mr S Jefferies Mr B Wilson
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF**
## **ISLE OF WIGHT MENCAP**
I report on the accounts for the year ended 31 March 2023 set out on pages four to eleven.
## **Respective responsibilities of trustees and examiner**
The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this period (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under Section 145 of the 2011 Act
- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## **Basis of the independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that, in any material respect, the requirements
- to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102) (effective 1 January 2015).
- have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Simon Johnston ACA FCCA Mackenzies Chartered Accountants 1 Langley Court Pyle Street Newport Isle of Wight PO30 1LA
Dated: 10th November 2023
Page 3
## **ISLE OF WIGHT MENCAP**
## **STATEMENT OF FINANCIAL ACTIVITES FOR THE YEAR ENDED 31 MARCH 2023**
|**2023**
**2023**
**2023**
**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**funds**
**£**
**£**
**£**
**INCOMING RESOURCES**
**Incoming resources from generated funds**
_Voluntary income_
Donations and gifts
**7,250**
**-**
**7,250**
Grants
**-**
**-**
**-**
_Activities for generating funds_
Shop income
**12,063**
**-**
**12,063**
Investment income and interest
**-**
**-**
**-**
Rent & minibus income
**15,326**
**-**
**15,326**
Fund raising
**3,797**
**-**
**3,797**
Other activities
**-**
**-**
**-**
**Incoming resources from charitable activities**
Fees and contracts - Haylands Farm
**310,298**
**-**
**310,298**
Farm sales
**21,823**
**-**
**21,823**
**Total incoming resources**
**370,557**
**-**
**370,557**
**RESOURCES EXPENDED**
**Cost of generating funds**
Cost of fund raising trading
**19,232**
**-**
**19,232**
**Charitable activities**
Haylands Farm
**347,499**
**-**
**347,499**
Donations
**100**
**-**
**100**
**Governance costs**
**6,661**
**-**
**6,661**
**Total resources expended**
**373,492**
**-**
**373,492**
**NET INCOMING RESOURCES BEFORE**
**OTHER RECOGNISED GAINS/LOSSES**
**( 2,935 )**
**-**
**( 2,935 )**
**Other recognised gains/losses**
Gain/(loss) on revaluation of investments
**( 3,783 )**
**-**
**( 3,783 )**
**NET MOVEMENT IN FUNDS**
**( 6,718 )**
**-**
**( 6,718 )**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**1,397,793**
**-**
**1,397,793**
**Total funds carried forward**
**1,391,075**
**-**
**1,391,075**|**2022**
**Total**
**funds**
£
**8,655**
**26,589**
**20,745**
**-**
**13,638**
**1,065**
**5,098**
**375,562**
**29,266**|
|---|---|
||**480,618**|
||**23,023**
**288,512**
**-**
**6,275**|
||**317,810**|
||**162,808**
**2,078**|
||**164,886**
**1,232,907**|
||**1,397,793**|
Page 4
## **ISLE OF WIGHT MENCAP**
## **BALANCE SHEET**
## **AS AT 31 MARCH 2023**
|**FIXED ASSETS**
Notes
Tangible assets
3
Investments
4
**CURRENT ASSETS**
Stock
Debtors
5
Cash at bank and in hand
6
**CREDITORS**
Amounts falling due in one year
7
**NET CURRENT ASSETS**
**NET ASSETS**
**UNRESTRICTED FUNDS**
General fund
8
Investment fund
8
**TOTAL FUNDS**|**£**
**£**
**684,422**
**79,824**
**764,246**
**26,632**
**12,436**
**598,555**
**637,623**
**( 10,794 )**
**626,829**
**1,391,075**
**1,311,010**
**80,065**
**1,391,075**
-
**2023**
**Unrestricted funds**|**£**
**£**
**707,487**
**83,607**
**791,094**
**11,526**
**44,219**
**560,849**
**616,594**
**( 9,895 )**
**606,699**
**1,397,793**
**1,313,945**
**83,848**
**1,397,793**
-
**2022**
**Unrestricted funds**|**£**
**£**
**707,487**
**83,607**
**791,094**
**11,526**
**44,219**
**560,849**
**616,594**
**( 9,895 )**
**606,699**
**1,397,793**
**1,313,945**
**83,848**
**1,397,793**
-
**2022**
**Unrestricted funds**|
|---|---|---|---|
|||||
||||**1,397,793**|
||||**1,313,945**
**83,848**|
||||**1,397,793**|
||||-|
Page 5
## **ISLE OF WIGHT MENCAP**
## **BALANCE SHEET - CONTINUED**
## **AS AT 31 MARCH 2022**
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.
The financial statements were approved by the Board of Trustees on 10th November 2023 and were signed on its behalf by:
Mr C Ford
Chairman
Page 6
**ISLE OF WIGHT MENCAP**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **1. ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice: Accounting and Reporting by Charities (FRS 102) (effective 1 January 2015).
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Tractor and motor vehicles|- 20% reducing balance|
|---|---|
|Computers|- 20% reducing balance|
|Other plant and machinery etc.|- 10% reducing balance|
|Farm buildings|- Not depreciated|
|Farm building improvements, fixtures and fittings etc.|- 10% reducing balance|
|Freehold Property & Improvements|- 10% reducing balance|
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. During the years ended 31st March 2023 and 31st March 2022 there were no restricted funds.
|**2.**
**NET INCOMING/(OUTGOING RESOURCES**
Net resources are stated after charging/(crediting):
Depreciation - owned assets
**3.**
**TANGIBLE FIXED ASSETS**|**2023**
**£**
**37,489**|**2022**
**£**
**40,719**|
|---|---|---|
||||
See the table on page 10 of the financial statements.
Page 7
## **ISLE OF WIGHT MENCAP**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED**
## **FOR THE YEAR ENDED 31 MARCH 2023**
|**4.**
**INVESTMENTS**
Market value at 1st April 2022
Additions
Disposals
Net unrealised investment losses/gains
Market value at 31st March 2023
**5.**
**DEBTORS**
Farm debtors
**6.**
**CASH AT BANK AND IN HAND**
Cash at bank
Cash in hand
**Cash at bank**
CIO Haylands Farm Account
General bank account
Mencap shop account
Card account
**Cash in hand**
Farm
Shop|**2023**
**£**
**83,848**
**-**
**-**
**( 4,024 )**
**79,824**
**2023**
**£**
**12,436**
**12,436**
**591,843**
**6,712**
**598,555**
**541,959**
**13,760**
**35,920**
**204**
**591,843**
**6,359**
**353**
**6,712**|**2022**
**£**
**81,529**
**-**
**-**
**2,078**|
|---|---|---|
|||**83,607**|
|||**2022**
**£**
**44,219**|
|||**44,219**|
|||**559,919**
**930**|
|||**560,849**|
|||**499,721**
**16,158**
**44,040**
**-**|
|||**559,919**|
|||**577**
**353**|
|||**930**|
Page 8
## **ISLE OF WIGHT MENCAP**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2023**
|||||||**2023**||||**2022**|
|---|---|---|---|---|---|---|---|---|---|---|
|**7.**|**CREDITORS: AMOUNTS FALLING DUE IN ONE YEAR**|||||**£**||||**£**|
||Creditors - Haylands Farm|||||**7,734**||||**6,835**|
||Accrual - accountancy and independent examination|||||**3,060**||||**3,060**|
|||||||**10,794**||||**9,895**|
|**8.**|**MOVEMENT IN FUNDS**||||||||||
|||||||**Net**|||||
|||**At**||||**movement**||||**At**|
|||**1st April 2022**||||**in funds**|**31st**|||**March 2023**|
||**Unrestricted funds**|**£**||||**£**||||**£**|
||General fund|**1,313,945**|||**-**|**2,935**
||||**1,311,010**|
||Investment fund|**83,848**||||**( 3,783 )**||||**80,065**|
||**TOTAL FUNDS**|**1,397,793**|||**-**|**6,718**
||||**1,391,075**|
||Net movement in funds included in the above are as follows:||||||||||
||||||||**Loss on**||||
|||||||**Transfer**|**revaluation**||||
|||**Incoming**|**Resources**|||**between**|**of**|||**Movement**|
|||**resources**|**Expended**|||**Funds**|**investments**|||**in funds**|
||**Unrestricted funds**|**£**||**£**||**£**||**£**||**£**|
||General fund|**370,557**|**( 373,492**|**)**||**-**|||**-**|**2,935**
|
||Investment fund|**-**|**-**|||**-**|**( 3,783**|**)**||**( 3,783 )**|
||**TOTAL FUNDS**|**370,557**|**( 373,492**|**)**||**-**|**( 3,783**|**)**|**-**|**6,718**
|
Page 9
## **ISLE OF WIGHT MENCAP**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2023**
|**3.**|**TANGIBLE FIXED**|**ASSETS**||||||||
|---|---|---|---|---|---|---|---|---|---|
|||**Freehold**|**Farm**||**Tractor**|||**Office**||
|||**Property**|**Buildings**||**and**|||**Equipment**||
|||**and**|**and**|**Farm**|**Motor**|**Craft**|**Shop**|**and**||
|||**Improvements**|**Improvements**|**Equipment**|**Vehicle **|**Equipment**|**Equipment**|**Computers**|**Total**|
|||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
||**Cost**|||||||||
||At 1st April 2022|**122,042**|**771,569**|**101,219**|**64,733**|**1,649**|**3,653**|**21,437**|**1,086,302**|
||Additions|**-**|**193**|**7,287**|**-**|**-**|**-**|**6,945**|**14,425**|
||Disposals|**-**|**-**|**-**|**-**|**-**|**-**|**-**|**-**|
||At 31st March 2023|**122,042**|**771,762**|**108,506**|**64,733**|**1,649**|**3,653**|**28,382**|**1,100,727**|
||**Depreciation**|||||||||
||At 1st April 2022|**49,977**|**195,546**|**72,566**|**40,936**|**1,573**|**2,957**|**15,261**|**378,816**|
||Charge|**7,206**|**20,748**|**3,361**|**4,759**|**8**|**70**|**1,337**|**37,489**|
||Disposals||**-**|**-**|**-**|**-**|**-**|**-**|**-**|
||At 31st March 2023|**57,183**|**216,294**|**75,927**|**45,695**|**1,581**|**3,027**|**16,598**|**416,305**|
||**Net book values**|||||||||
||At 1st April 2022|72,065|576,023|28,653|23,797|76|696|6,176|707,486|
||At 31st March 2023|**64,859**|**555,468**|**32,579**|**19,038**|**68**|**626**|**11,784**|**684,422**|
Page 10
**ISLE OF WIGHT MENCAP**
## **INCOME & EXPENDITURE ACCOUNT GENERAL ACCOUNT**
**FOR THE YEAR ENDED 31 MARCH 2023**
|**INCOMING RESOURCES**
**Incoming resources from generated funds**
_Voluntary income_
Donations
Subscriptions
**Total incoming resources**
**RESOURCES EXPENDED**
**Charitable Activities**
Donations
Haylands support
**Governance costs**
Printing, stationery, postage and advertising
Accountancy
Website
Insurance
Travel and subsistence
Sundries
Depreciation: office equipment
**Total resources expended**
**Net income / (expenditure)**|**2023**
**£**
**1,464**
**-**
**1,464**
**100**
**-**
**-**
**3,600**
**-**
**1,470**
**-**
**303**
**1,288**
**6,761**
**( 5,297 )**|**2022**
**£**
**220**
**-**|
|---|---|---|
|||**220**|
|||**-**
**-**
**-**
**3,210**
**-**
**2,406**
**-**
**-**
**659**|
|||**6,275**|
|||**( 6,055 )**|
Page 11
## **ISLE OF WIGHT MENCAP**
## **INCOME & EXPENDITURE ACCOUNT INVESTMENT FUND**
**FOR THE YEAR ENDED 31 MARCH 2023**
|**INCOMING RESOURCES**
**Incoming resources from generated funds**
_Activities for generating funds_
Dividends & interest received
Profit/(loss) on sale of shares
**Total incoming resources**
**RESOURCES EXPENDED**
**Governance costs**
Investment manager fees
**Total resources expended**
**Net income / (expenditure)**
**Other recognised gains/losses**
Gain/(loss) on revaluation of investments
**Net movement in funds**|**2023**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**( 3,783 )**
**( 3,783 )**|**2022**
**£**
**-**
**-**|
|---|---|---|
|||**-**|
|||**-**|
|||**-**|
|||**-**
**2,078**|
|||**2,078**|
Page 12
**ISLE OF WIGHT MENCAP**
## **INCOME & EXPENDITURE ACCOUNT HAYLANDS FARM**
## **FOR THE YEAR ENDED 31 MARCH 2023**
|**2023**
**£**
**INCOMING RESOURCES**
**Incoming resources from Charitable activities**
_Sales_
General
**17,038**
Craft and cookery
**5,623**
Ryde shop
**27,443**
Livestock
**31**
**50,135**
_Cost of sales_
Opening stock
**11,526**
Livestock purchases
**1,103**
Foodstuff purchases
**5,874**
General purchases
**36,441**
Closing stock
**( 26,632 )**
**( 28,312 )**
Gross profit on farm sales
**21,823**
**Voluntary income**
Donations
**5,786**
**Activities for generating funds**
Deliveries
**10**
Rent received
**15,326**
Grants
**-**
Wednesday Club grant
**-**
Shop grant
**-**
Student fees received
**294,869**
Interest received
**-**
Respite
**15,429**
Insurance refund
**-**
Sundry income
**3,787**
**329,421**
**Total incoming resources**
**357,030**
**RESOURCES EXPENDED**
**Charitable activities - other**
**-**
**Charitable activities - Haylands Farm**
Repairs and renewals: machinery & equipment
**439**
Repairs and renewals: buildings & fences
**11,859**
Printing, postage, stationery & advertising
**1,961**
Veterinary fees
**1,752**
Total carried over page
**16,011**|**2022**
**£**
**21,850**
**3,742**
**27,014**
**-**
**52,606**
**9,878**
**-**
**6,889**
**18,099**
**( 11,526 )**
**( 23,340 )**
**29,266**
**3,235**
**-**
**13,638**
**19,922**
**-**
**2,667**
**356,287**
**-**
**19,275**
**5,098**
**1,065**
**417,952**
**450,453**
**-**
**5**
**13,101**
**2,367**
**1,156**
**16,629**|**2022**
**£**
**21,850**
**3,742**
**27,014**
**-**|
|---|---|---|
||**-**
**13,638**
**19,922**
**-**
**2,667**
**356,287**
**-**
**19,275**
**5,098**
**1,065**||
|||**29,266**
**3,235**
**417,952**|
||||
|||**450,453**|
|||**-**
**5**
**13,101**
**2,367**
**1,156**
**16,629**|
Page 13
## **ISLE OF WIGHT MENCAP**
**INCOME & EXPENDITURE ACCOUNT - CONTINUED**
**FOR THE YEAR ENDED 31 MARCH 2023**
## **HAYLANDS FARM**
## **RESOURCES EXPENDED Charitable activities - continued**
|Total from previous page
Legal and professional
Motor running expenses
Overheads Ryde shop
Rates Farmhouse
Water rates
Telephone
Insurance
Light and heat
Wages
Staff training and travel expenses
Student training
Bank charges
Sundries
Depreciation: freehold buildings
Depreciation: equipment
Depreciation: buildings, fixtures & fittings
Depreciation: tractor and motor vehicles
**Total resources expended**
**Net income / (expenditure)**|**16,011**
**720**
**10,697**
**9,320**
**969**
**2,196**
**2,756**
**4,118**
**14,967**
**239,532**
**2,557**
**1,550**
**302**
**5,673**
**7,206**
**3,418**
**20,748**
**4,759**
**347,499**
**9,531**|**16,629**
**3,883**
**8,086**
**10,368**
**1,891**
**405**
**2,021**
**3,327**
**5,002**
**184,814**
**2,613**
**4,836**
**248**
**4,406**
**8,007**
**3,254**
**22,773**
**5,949**|
|---|---|---|
|||**288,512**|
|||**161,941**|
Page 14
## **ISLE OF WIGHT MENCAP**
## **INCOME & EXPENDITURE ACCOUNT MENCAP SHOP FOR THE YEAR ENDED 31 MARCH 2023**
|**INCOMING RESOURCES**
**Activities for generating funds**
Sales
Purchases
Council grants
Furlough claims
Donations
**Total incoming resources**
**RESOURCES EXPENDED**
**Cost of generated funds**
Wages
Rent and rates
Light and heat
Telephone
Repairs and renewals
Insurance
Printing, postage, stationery and advertising
Sundries
Depreciation: fixtures, fittings, and equipment
**Total resources expended**
**Net income / (expenditure)**|**12,063**
**-**|**2023**
**£**
**12,063**
**-**
**-**
**-**
**12,063**
**8,780**
**6,899**
**890**
**575**
**114**
**1,470**
**29**
**399**
**70**
**19,232**
**( 7,169 )**|**2022**
£
**20,828**
**( 83 )**
**20,745**
**4,000**
**-**
**5,200**
**29,945**
**14,499**
**4,298**
**271**
**611**
**166**
**2,615**
**92**
**393**
**78**
**23,023**
**6,922**|**2022**
£
**20,828**
**( 83 )**
**20,745**
**4,000**
**-**
**5,200**
**29,945**
**14,499**
**4,298**
**271**
**611**
**166**
**2,615**
**92**
**393**
**78**
**23,023**
**6,922**|
|---|---|---|---|---|
||||||
|||||**29,945**|
|||||**14,499**
**4,298**
**271**
**611**
**166**
**2,615**
**92**
**393**
**78**|
|||||**23,023**|
|||||**6,922**|
Page 15