## The Wight Brainy Bunch Report and Financial Statements Year Ended 31[st] March 2022 The Wight Brainy Bunch Report and Financial Statements Year Ended 31[st] March 2022 ## **Contents** Page: 2 - 4 Report of the Trustees 5 Statement of Financial Activities ## **Legal and administrative information** ## **Trustees** Kathryn Grimes Mark Grimes Lindsay Pennell The trustees receive no income from the charity funds ## **Charity Registration Number 1177562** ## **Charity Address** 112 High Park Road, Ryde, Isle of Wight PO33 1BZ ## **Bank** Lloyds TSB bank plc, 115 Victoria Road, Aldershot, Hampshire GU11 1JQ **Independent Examiner** Mr Darren Drudge, 2 Garfield Road, Shanklin, Isle of Wight PO37 7LX [Lloyds Bank Employee) The Wight Brainy Bunch Report and Financial Statements Year Ended 31[st] March 2022 _____________________________________________________________________________________ This report should be read in conjunction with the charity information on page 1 ## **Structure, Governance and management** The Wight Brainy Bunch, a registered charity was established in March 2018. It is managed in accordance with the rules of a small charity as deemed by the Charity commission by a minimum of 3 Trustees who meet at least 2 times a year and communicate at regular intervals. Election of trustee is made and takes place at the charity AGM annually. Names are proposed and seconded before the election. No other person or body is entitled to appoint a trustee. All trustees were re-elected to act on behalf of the charity for 2021/2022. ## **Objectives and Activities for the public interest** The Charity objectives are to provide emotional support and financial assistance to Isle of Wight families affected by brain tumours. The Charity continues to support and raise funds for Smile4Wessex, who provide charitable support to the Wessex Neurological Centre at Southampton General Hospital. This is where the majority of Isle of Wight patients will be treated if diagnosed with a brain tumour. The charity continues to support and raise funds for The Brain Tumour Charity, as they carry out vital research into treatments, which will ultimately give the patient an improved prognosis and an increased and better quality of life. Due to the Covid 19 restrictions being lifted throughout 2021/22, fundraising and events were able to return to their pre-covid levels, this included the return of the monthly support group. The charity returned to arranging events and benefitting from community fundraising activities, and as with previous years, this culminated in the annual black-tie ball. Covid restrictions resulted in many patients receiving a delayed diagnosis and this was apparent in the increased number of patients being referred for help, as restrictions were eased. Due to the increased demand for support the charity required a larger venue to hold the monthly support group, which then incurred a hire cost. In addition to the services the Wight Brainy Bunch already offer, the charity has been able to enrol the services of Personal Assistants to help with the most vulnerable individuals. All funding commitments were fulfilled. A donation of £5000 was made to Smile4Wessex The Wight Brainy Bunch remain officially affiliated to, and supportive of, the Brain Tumour Charity. Due to successful fundraising in 2019, the Wight Brainy Bunch purchased a Static Caravan at Nodes Point Holiday Park on the Isle of Wight at a cost of £62,891 during this financial year. The caravan will provide funded respite breaks for families dealing with the physical and emotional effects of their diagnosis and treatment. The trustees confirm that they have referred to the guidance in the charity commissions general guidance on public interest when reviewing the charities aims and objectives and in future planning activities. 2 The Wight Brainy Bunch experienced increased expenditure in 2021/22, which was in excess of the income generated, due to the investment of the static caravan. This coupled with the slow return of fundraising events following Covid, added to the reduced income for this year. Given the challenges faced with fundraising, the trustees are satisfied with the income generated in 2021/22. The projection is to return to pre covid fundraising and events and the charity foresee an increase in income for the coming year. 3 The Wight Brainy Bunch Report and Financial Statements Year Ended 31[st] March 2022 ## **Financial Review** During the year the charity received an income of **£89,494.83** and financed charitable expenditure of **£110,046.41** The trustees are planning to take financial advice with regards to investments to safeguard future projects in a volatile financial climate. ## **Plans for the future** The trustees have begun to plan for fundraising events and activities in 2022/23, including the annual skydive, black-tie ball and annual Christmas market. The trustees plan to investigate the viability of financing a member of staff. To be able reach out to more business for sponsorship and support to help the charity to grow and take the charity successfully and securely into the future. Seek to become business designated charity of the year Raise the profile of the Wight Brainy Bunch ## **Trustees’ responsibilities in relation to the financial statements,** Trustees are responsible for preparing the annual report and financial statement in accordance with applicable law and United Kingdom generally accepted accounting practice. Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial which gives a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to: - Select suitable accounting policies and then apply them consistently; - Make judgements and estimates that are reasonable and prudent; - State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statement; and - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. - It is our intention in 2023 to investigate the possibility of employing a member of staff to increase our fundraising, and public presence to ensure anyone needing support following diagnosis, during and following their treatment is aware of The Wight Brainy Bunch and how we can help them. Approved by order of the board pf trustees on 27/01/2023 and signed on its behalf by: > …………………………………… KJ Grimes - Trustee 4 ## The Wight Brainy Bunch ## Report and Financial Statements ## Year Ended 31[st] March 2022 |**Total funds**
**2021/22**

**Incoming Resources**
Investment Income
- -

Activities for generating funds
£89,494.83

**Total Incoming**
**£89.494.83**

**Charitable Expenses**
Cost of events/generating funds
£19.334.20
Grants /Services
£26,878.41

Governance/Insurance
£941.86
Investment
£62,891.94
**Total Expenses**
**£110,046.41**
**Total funds brought forward**
**£107,780.26**
**Total funds carried forward**
**£87,228.68**
|**Total funds**
**2020/21**
- -
£50,475.27
**£50,475.27**
£ 7,911.68
£27,014.53
£ 481.54
- -
**£35,407.75**
**£92,627.74**
**£107,695.26**| |---|---| The charity has no staffing costs The financial statement was approved by the Trustees on …27/01/2023 and was signed on its behalf by Kathryn J Grimes ………………………………………… Trustee/Treasurer