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

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





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





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|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<br>on:|||||||
|Raising funds|||||||
|Charitable<br>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<br>in|funds||(24,169)||(24,169)|(3,735)|
|Reconciliation<br>of|funds:||||||
|Total funds brought|forward||70,057||70,057|73,792|
|Total funds carried|||45,888||45,888|70,057|
|forward|||||||





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|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<br>income||funds|||||||
|Unrestricted|funds||||45,888||45,888|70,057|
|Total Funds|||||45,888||45,888|70,057|



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||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||Total|Total|
||||||||funds|funds|
|Net income<br>/ (expenditure)||for the year|||||(22,631)|(12,660)|
|Adjustments<br>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<br>in investing||activities|||||||
|Net cash provided|by financial||activities||||||
|Change<br>in cash and cash||equivalents|||In the||(34,042)|(13,789)|
|reporting<br>period|||||||||
|Cash and cash equivalents||at the beginning||||ofthe|70,029|74,893|
|reporting<br>period|||||||||
|Change<br>in cash and cash equivalents||||due to|||(1,538)|8,925|
|exchange<br>rate movements|||||||||
|Cash and cash equivalents||at the end|||ofthe||34,449|70,029|
|reporting<br>period|||||||||
|The notes on pages|13to 16form||part|of|these financial statements.||||





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



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|||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|



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