The Wight Brainy Bunch
Report and Financial Statements
Year Ended
31[st] March 2024
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)
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The Wight Brainy Bunch
Report and Financial Statements
Year Ended 31[st] March 2024
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 2024/2025.
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.
The charity benefitted from many events, including community fundraising activities, and as with previous years, this culminated in the annual black-tie ball and Christmas Market.
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 and additional therapies including Acupuncture.
The Wight Brainy Bunch remain officially affiliated to, and supportive of, the Brain Tumour Charity.
All funding commitments were fulfilled.
A donation of £5000 was made to Smile4Wessex.
The Wight Brainy Bunch’s investment in the purchase of a Static Caravan in 2019 at Nodes Point Holiday Park on the Isle of Wight, continues to prove beneficial, with many families taking the opportunity for respite, recouperation and memory making breaks with loved ones.
This investment has an ongoing expense due to yearly pitch fees, energy bills, general maintenance and upkeep of the unit,
The Wight Brainy Bunch experienced increased expenditure in 2023/24 due to an increase in referrals and request for funding.
Overall, the trustees are satisfied with the income generated in 2023/24.
The projection for 2024/25 is an increase in fundraising activities, although a limited return is expected with the ongoing cost of living crisis, which has greatly impacted on people’s disposable income.
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The Wight Brainy Bunch
Report and Financial Statements
Year Ended 31[st] March 2024
Financial Review
During the year the charity received an income of £86,682.47 and financed charitable expenditure of £86,178.29
The trustees continue to consider the possibility of investment 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 2025/26 including the annual skydive Warrior (music) Festival, Christmas Market, and Annual Black-tie Ball.
It is our intention in 2025 to continue to investigate alternative funding streams to enable the possibility of employing a member of staff to increase our fundraising, public presence and to ensure anyone needing support at diagnosis, during and following their treatment is aware of The Wight Brainy Bunch and how we can assist them.
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.
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:
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Select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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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
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
Approved by order of the board of trustees on 30/01/2024 and signed on its behalf by:
Kathryn J Grimes – Trustee
……………………………………
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The Wight Brainy Bunch
Report and Financial Statements
Year Ended 31[st] March 2024
| Total fund | Total fund | Total Funds | Total funds | |
|---|---|---|---|---|
| 2023/2024 | 2022/23 | 2021/22 | 2020/21 | |
| Incoming Resources | ||||
| Investment income | - - - - - | - - - - - | - - - - - | - - - - - |
| Activities for generating income | £86,682.47 | £78,381.46 | £89,494.86 | £50,475.24 |
| Total income | £86,682.47 | £78,381.46 | £89,494.86 | £50,475.27 |
| Charitable Expenses | ||||
| Cost of event/generating funds | £37,791.05 | £41,451.08 | £19,334.20 | £7,911.68 |
| Grants /Service | £37,163.03 | £11,306.20 | £26,878.41 | £27,014.53 |
| Governance/insurance | £1040.83 | £795.86 | £941.86 | £481.54 |
| Investments | £10,183.38 | £8,174.14 | £62,891.94 | - - - - - |
| Total Expenses | **£86,178.29 ** | £62,027.28 | £110,046.41 | £35,407.74 |
| Total funds brought forward | £103,497.90 | £87,143,71 | £107,695.26 | £92,627.74 |
| Total funds carried forward | £104,002.08 | £103,497.90 | £87,143.71 | £107,695.26 |
The charity continues to have no staffing costs.
The financial statement was approved by the trustees on 30/01/2024 and was signed on it’s
behalf by Kathryn J Grimes …………………………………… Trustee/ Treasurer
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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of THE WIGHT BRAINY BUNCH On accounts for the year ended 3110312024 Charity no lif any) 1177562 Set out on pages Page S of Annual report I report to the trustees on my examination of the accounts of the above charity for the year ended 3110312024. Responslbllltles and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordanTr with the requirements of the Charities Act 2011 {"the Acf,). I report in respect of my examination of the Trust's accounts carrled out nder section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{5llbl of the Act. I have completed my examinalion. l Confirm Ihat no material matters have come to my attenb'on in connection with the examination which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordan with section 130 of the Charities Act., or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements conrning the form and content of accounts sel out in the Charities Regulations 2008 other than any requirement Ihat Ihe accounls give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: ZJ- Name: Relevant professional qualification(sl or body lrfanyl: Address: ISLI o<