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2023-06-30-accounts

The Island Inltlatlve, Annual Report: 2022 2023 The Island Initiative Annual Report: 2022 - 2023

Contents
			Page(s)
Reference	and administrative	information
Chairman's	Introduction
Independent	Examiners report
Trustees' Annual Report			6-9
Statement	of Financial Activities		10
Balance Sheet
Statement	ofCash Flows		12
Notes to the financial statements			13-16

Reference and admi	Reference and admi	nistrative informatio	n
Charity number		1179271
Country ofregistration		England
Registration	date	20 July 2019
Organisation	type	Charitable Incorporated	Organisation		("CIO")
Operational	address	The Boat House, Bridgemarsh		Lane,	Althorne,	Chelmsford	CM3 6DQ
Trustees		Charles Watson
		Hinano Bagnis
		Mathew McHugh
		Michael Youkee (resigned 31/12 2024)
		Tobias Coe
		Vae Tracqui
Bankers		Barclays Bank
Solicitors		Trowers & Hamlins
Independent	examiner	Ark Accountancy

Statement of F	inancial	Activi	ties for the	year en	ded 30Ju	ne 2023
		Notes	Unrestricted	Restricted	2023	2022
			funds	income	Total funds	Total funds
				funds
Income from:
Donations			2,620		2,620	2,284
Interest income
Total income			2,620		2,620	2,284
Expenditure on:
Raising funds
Charitable activities
Research						2,672
Travel and subsistence			12,784		12,784	465
Support costs			7,765		7,765	3,656
Rahui costs			7,422		7,422
Other			(2,720)		(2,720)	8,151
Total expenditure			25,251		25,251	14,944
Net income/(expenditure)			(22,631)		(22„631)	(12,660)
before investment	gains/
(losses)
Net gains/(losses)	on
investments
Net income/(expenditure)			(22,631)		(22,631)	(12,660)
Other recognised	gains/
(losses):
Exchange difference on			(1,538)		(1,538)	8,925
translation
Net movement in	funds		(24,169)		(24,169)	(3,735)
Reconciliation of	funds:
Total funds brought	forward		70,057		70,057	73,792
Total funds carried			45,888		45,888	70,057
forward

Balance S	heet		as at 3	0June	2023
				Notes	Unrestricted	Restricted	2023	2022
					funds	income	Total funds	Total funds
						funds
Current assets
Cash at bank	and	in	hand		34,449		34,449	70,029
Debtors					10,750		10,750
Prepayments					1,049		1,049	1,090
Total current	assets				46,248		46,248	71,119
Liabilities
Creditors: amounts			falling		(360)		(360)	(1,062)
due within one year
Net current	assets/				45,888		45,888	70,057
(liabilities)
Total net assets					45,888		45,888	70,057
Funds ofthe Charity
Restricted income		funds
Unrestricted	funds				45,888		45,888	70,057
Total Funds					45,888		45,888	70,057

							2023	2022
							Total	Total
							funds	funds
Net income / (expenditure)		for the year					(22,631)	(12,660)
Adjustments for:
(Increase)/decrease	in debtors						(10,750)	1,062
Decrease/(increase)	in prepayments						41	(132)
(Decrease)/Increase	in creditors						(702)	(2,059)
Net cash provided	by operating		activities				(34,042)	— (13,789)
Net cash used in investing		activities
Net cash provided	by financial		activities
Change in cash and cash		equivalents			In the		(34,042)	(13,789)
reporting period
Cash and cash equivalents		at the beginning				ofthe	70,029	74,893
reporting period
Change in cash and cash equivalents				due to			(1,538)	8,925
exchange rate movements
Cash and cash equivalents		at the end			ofthe		34,449	70,029
reporting period
The notes on pages	13to 16form		part	of	these financial statements.

		2023	2022
Donations
Donation	ofservices	2,620	2,284
Total		2,620	2,284

		2023	2022
Accruals		360	300
Trade Creditors			762
Total		360	1,062
7. Cash and Cash equivalents
		2023	2022
Cash at bank and	in hand	34,449	70,029
Total Cash and Cash equivalents		34„449	70,029