REGISTERED CHARITY NUMBER: 298933 REPORT OF T•IE TRUSTEES AND UNAUOITED FINANCIAL STATEMENTS FOR TklE YEAR ENDED 31 MARCH 2021 ISLE OF WIGHT DIABETIC FUND Brlght Brown Llmlted Chartered Accountarlts Exchange House St. Cr05s Lane Newport Isle of Wight P030 58Z
ISLE OF WIGHT NABEtICFUND CONTENTS OF THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Report olthe Trust•os Independent Examkn•¢s Report Statrment of Flnanclal ACtIe5 Balanrp Sheet Notestothé FlnancSal Stknents 6 to 13 Oetalled Statement of Flnantlal Artl¥lUes 14
ISLE OF WIGHT DIABETK FUND REPORT OF THE YRiISTEES FOR THE YEAR ENOED 31 MAFICH 2021 The tnjstees present their report with the financlal statement5 of the charity for the yèar ended 31 March 2021. The tntstee5 have adopted the provlslons of A¢countlng and Reportlng by Charltie5'. Ststement gf Recomrnended Practlce applicable to charltle5 preparin8 thelr accounts in accordantè with the Financial Reportin8 Standard appllcable In the UK and Republic of Ireland IFRS 1021 (Èffective l January 20191. OBJECTWESAND ACTIVITIES Obkctsofthe ¢harbty The relief and treatrnent of persons suffering from dlabetes and any other diseage whlch is COlStent wlth or related to dlabetes,. The promotlun of pU1C education and research Into the nature, causes prevèntion and treatment of dlabetes and the d15semination of the useful resu$ of any such work: Promotlng the hèalth and welfare of peisDn5 5uffeTln8 from dlabete5 by the purchase of equipment oi by thè Provlslon of medlchl nursin8 or other staff or facilities nece5saryfor thetreatment or relief of diabetes: and Promotin8 edvcotlon In and the 5ncrea5e of publlc knowled8e of, the nature, cause, preventlon and treatment of diabete5 by such means as are charftable as the trustees shall derrnIne frorn tlme to time. A1W of the ¥rtlvltle5 and luture dev•k*pments The charlty contlnued to pursue its general objectives durlng thè year. 14owever, In th15 financial year therè h35 been worldwSde partdemic due to COVID 19. Natlonal restrlctions have beeft In place which has resulted in the country belng in lockdown for periods of tlmes. In v4ew of this, the usual 3ttlvitie5 which the charity would have funded have been extremety Ilmlted. The charfty however has stlll bèen funding the patlent support wroup so that they can continue to offey virtual support to pouple th diabetes on the Isle of Wl8ht. It is hoped that act5vltles wlS1 restart over time but this wlll depend very much on the Sltuation wlth the pandemic. This 15 especlally ciltlcal given that people wlth diabetes are classed as more wlnerable from the effect5 of COVID 19 so we do nrt Wlsh to rush Snto any activlties whSch would Increase the rfsk of people contractin8 It. Staff artlvitle5 have obviously alsg been affected by this, not i)nty because of the restyictiOll5 but also because the workload they have had to take on durin8the pandemlc. The charlty wlll continue to seek donations, sponsorship and grants to provlde sufficient resources to fblfil its chaiitable oblettives and wpport thè new di8betes pattent supportyoup. Publlc bèneflt All the actlvStles of the dwrlty focus on dell¥edng tommunlty benefSt and are In accordan wlth the oblects of the charlty. The trustees have complled wlth thèir duty to have due re8ard to the Charity Commlsslon's public beneflt guidance when exercisingany powers ordutles to whith the 8uidance Is relevant. FINANCIAL REVIEW Flnantlal posltlon Incoming resources for the year amuhted to £29,368 12020 - £28,068). Costs of charltable attivit5 amounted to £9,83012020 £18,2711 and unrealised gaSns/llosse$l on in¥estments amounted to £4512020 -1£13111. Unrestrlcted and iestricted fund5 carried forward at the end of the year amounted to £663,825 12020 £644.2421 and £12,574 12020- £12,574) respectlvelv. Resenms pollcy It Is the pollcy of the charlty to malntain unrestrlthed funds. whith are the free reserves of the charlty, at a le1 whlth equates to appiomimately six months unrestrttted expendlture. Thls Provide5 suffident funds to cover management and administratlon and support costs. turrently, thÈre is a shortage of sultable Projects for the charity lo support. Consequently the level of reserves has exceeded the target set by the trustees. The trustees are actively searchlng for other worthwhlle proJeLls In the dbabetes fleld. PauÈ I
ISLE OF WIGHT DIA8ETIC FUND REPORTOFTHE TRUSTÉES FOR THEYEAR fNDED 31 MARCH 2021 STRUCTURE, GOVERNANCE Af40 MANAGEME14T 60MIng document The charlty Is controlled bylts 8overnin8 documen¢ a deed of trust and tun5titute5 an urbln¢oTporated chHrity. Oryafilsatlonal >truEture The charlty Is managed by its trustees who meet as often as is necessary for the adminlstration and proper condutt of the charity. New tTU5tees may be appointÈd by the exlsung trustees. Rlsk mJna8eme The trustee5 have a duty to klentwy and revlew the rlsks to whkh the charty Is exposed and to ¢n$ure approprlate controls are in placetD provide reasonable a5SUfance aB?inst ffaud and error. It 15 the Cha5 ptsljry not to borrow money but to work wlthln the Its exlstlng funds in additTron to ensuring that money 5P¢lIt is in keeplng with the objectives of the charlty. The chartty also ha5 two board members controlling day to dayaffalrs in addition to the rhaiTmaTI'S role in signin8 larger surn5. REFERENCE AND ADMINISTrATIVE DETAIiS ReRlsterad Charlty number 298933 Pthdpal addr•ss St Martys Hospital Newport 151e of Wi8ht P030 STG Trustees DrAK Bak Mrs E Whittin8stall G Hall P St John Jacobs R Newnham Dr V LawrencÈ Mr5 M P Wllson Mr5T E Porteous IndepÈMlent Emamkner Bright Brown Limited Chartered Accountants Exchange House St. Cross Lane Newport Isle of Wight P030 5BZ Approved by order of the board of trustees on ......-....... / and 51gned on its behalf by.. Dr A K Baksl-Tru5tee Page 2
INOEPENOENT EXAMINER'S REPORTTOThETRUSTEESOF ISLE OF WIGHT DIABETIC FUND Indepèndent examlnerfs pOrttOthe tru¢#5 of Isle of Wl8ht Dlabetlc Fund report to the tharity tnjstw on my examination Df the accounts of Isle of Wight Djabetlc Fund (the Trust) for the vpar ended 31 March 2021. A•sponslbllltlos and basls ol report As the charity trustees (rf the Trust you are responsible for the preparaiknn of the accounts in aciordance with the requlrements of the CharleS Act 20111'the Att'l. I feptsrt In resped of my examlnation of the Trust's attounts carrled out under Section 145 of the Act and In carrylng out my examlnatbTh I have followed all appllcable Directlons Oven by the Charlty Commis51on under sectlon 1451Sllbl of the Act. Independent examlner's statement I have completsd my examination. I confirm that no materlal matters have come to my attentlon In connectlon wlth the examination giviri8 me cause to believe that Ir? any material fespect: accountin8 retords were not kept In respect of the Trust as requlred by se¢tion 130 of the or the accgunts (Jo not accord with those records., or the accounts dD not comply wlth the appllcable requirement5 toncerning the form and content of accounts Set out In the Charltles IAccounts and Report51 Regulatlons 2008 other than any iequirement that the accounts give a true and fairvlew whlth is not a matter considered as part of an Independent examlnatlon. I have no conM5 and have come across ro other matters In connectlon wlth the examlnatlon to whlch atteotion should be diawn In this report in order to eble è proper undetandIng of the accounts to be reathed. J Palmer FCCA Brtght Brown timited CharterÈd Accountsnts Newport Isle of Wi8ht Date.. Pa8e 3
ISIE OF WIGHT OIA8ETIC FUND STATEMENT OF FINANaALAcYwmES FOR THEYEAR ENDEO 31 MARCH 2021 2021 Total funds 2020 Total fijnds Unrestrlcted funds Restrlcted fund5 Notes INCOME AND ENDOWMENT5 FROM Donatlr)ns and legacies 22,966 22.966 21,662 Investment income 6.402 6,402 Totsl 29.368 29,368 28,068 EXPENDITURE ON Charitsble artivitl Education and researth into nature, cause etc of diabetes, relief and treatment foi people 5ufferlng wlth dlabetes 9,830 9,830 18,271 Net galns/llos5esl on Investments 45 45 NET INCOME 19,583 19.583 9,666 REcof4CiLIATION OF FUNDS T31 funds brOht10[W•ffd 644,242 12.574 656,816 647.150 TOTAL FUNDS CARRIED FORWARD 663,825 12,574 676,399 656,816 The note5 fomi part of thèse Ilnancial siatements Page4
ISLE OF WIGHT DIA8Efic FUND BAUINCE SHEET 31 MARCH 2D21 2021 2020 Notes FIXED ASSEV5 Tangible asset5 Investments 274 165 io 210 210 439 CURRENT ASSErs Debtors Cash at bank li 22,270 655,119 7,980 649597 677,389 657,577 CREDITORS Amount5 fallln6 due withln one year 12 1.2oK)I 11,2001 NET CURRENT ASSETS 676,189 656,377 TOTALASSETS LESS CURRENT UABIiITIES 676,399 656,816 NET ASSErs 676,399 656,816 FUNDS Unrestricted funds Re5trtcted funds 14 663,825 12,574 644.242 12,574 TOTAL FUNDS 676,399 656,816 The financial Statements were approved by the Board of Trustees and author15ed ft>t i55ue on ..f¥...AW5tr..nd were sl8ned on It5 behalf bv: A K Baksl-Trustee E Whittingstall- Trustee The note5 form part olthe5e finantlal statements Page S
ISLE OF WIGHTDIABETIC FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2021 AccoupilliiG POUCIES Basls of preparlngth•finantlal siatÈments The financial ststements of the charity, whlch Is a publlc benefit enfjty under FRS 102, have been prepared In accordance with the Charlties SORP (FR5 1021 'AccountinR and Reporting by Charitles.. Statemènt of Recommended Piactlce applicable to charitie5 prepamng thèir accounts In acttrrdancÈ with the FinaTrcial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 leffectlve l January 20191,, Financial flepartlng Standard 102 Yhe Flnancial RepDrtln8 Stsndard applicable In the UK and Republic of Ireland, and the Charities Act 2011. The flnanclal statements have been prepared under the historlcal c05t convention, with the exteption of investrnents whlch afe in¢luded at market value, as modlfled bythe revaluatlon ol CErtain a55et5. All Income Is reco8n5sed In the Statement of Flnanclal Actlvrtles the charlty has entltlement to the funds, It Is probablèthat thè intome wlll rèeèNed and the amount call be measured t1abty. EmnltUre Liabllities are recognlsed a5 expendlture as soon as there Is a lègal or constructive oblatIOn commlttlng the charity to that expènditure, It Is probable that a transfer of economlc beneflts wlll be required In settlement and the amount of the obll8ation tan be measured rellably. Expendituie is acc¢)unted for on an accruals basls and has been classified under he3dbn8S that aggregate all cost felated to the category. Whère costs cannot be dlrectly attiibuted to particular headln8S they have been allocated to ac¢Mties on a basis conslstent with the use of resources. Tan8lble flxed assets DepdatIon 15 provlded at the followlnB annual rates In order to wrlte off ea¢h a$5et Over Its esiimated useful life. Plant and machinery 25% on oist Tamatlon The ChatY Is exemptfrom tax on tt$ charitable actNltle5. nd accountlng Unrestrlrted fundi can bÈ used accordance wlth the charftable objectives atthe di5cretlDn of the trustees. Restrirted fund5 ran be used for partkuSar restricted purposes withln the objÉtts of the tharltv. Restrictions arSse when specified by the donor orwhÈn funds a fai5Èd for particular restricted purposes. Furtherexplaftation of the nature and purpose of each fund Is In¢lud2d In the note5 to the financlal statements. DonatlDTrS underdeed5 of Covenant Donations under deeds of ¢ovenah, tQ8ether wlth the assodated incorne tax recovery• afe recognlsed 35 Income when the donlon is recelved. Re¥aluatlon of quoted Investments Quoted InvÈ#tments are Included attheir falrvalue at the balance sheet date, Page 6 contlnued..
ISLE OFWIGHT DIABETK FUND NOTESTO THE HNANCIALSTAYEMENTS. ¢ontlnued FOR THE VEAII ENDED JI MARCH W21 DONATIONS AND LEGACIES 2021 2020 Donations 22,966 21,662 INVESTMENT114COME 2021 2020 IntèrÈst rÈcèived 6,406 CHARITABIE ACTIVITIES COSTS Support costs15ee note 61 C05t515ee Ie 51 Totals Educatlon and research Into nature, cause etc of diabetes, rellef and tfeatment for people sufferln8 wh diabetes 8,474 1,356 9,830 DIREcf COSTS OF CHARITABLE AcfNmES 2021 2020 Adult educotlon Nurse tralning Supportdlabetlc patlent 8mUP Bookkeepin8 Depfeciation 18 1,288 14,371 1,000 274 1,237 5,961 274 8.474 16,951 SUPPORT COSTS Governance cost5 Eduratlon and research Into n3re, cause etc of dlabete5, relief and tyeatment for people sufferin8 wlth diabetes 1,356 Pa8e 7 ontlnued...
ISLE OF WIGTrrr DIABETIC FUND NOTES TOTHE FINANCIALSTATEMENt5- contlnued FOR THE YEAR ENOED JI MARCH 20ZI SUPPORT cosrs.¢oNtlnu¢d Support costs, Included In the above, are as follows.. Goveman¢e 2021 Educatlon and research Int nature, ¢guse et 2020 diabetes rellef Totsl actiwtles Independent examlners, remuneratknn 1,356 1.320 TRUSTEES. AEMUNERATION AND BENEFITS The tharftyramunerated the folb)wlngtrustee5 for provldlng bookkeeplng 5ervlces: Mr5 £ Whittln8stall- £6(KI12020- £61Y)I Mrs T Porteou5 £40012020- £4001 Tntstots, wiens•s During the year, the chai6ty relmbursed the trustees expenses totslllng £nll (2020 £1561 Incurred In connection wlth the activltles of the charity. COMPARATIVES FOR TrIE STATEMENT OF FINANCIALACTWITIES UnrestrScted funds Restrlcted fvnds Total funds 114COME ANO ENOOWMEpifs FROM Donation5 and legacies 19,512 2,150 21,662 Investment Income 6,406 Totsl 25,918 2.150 28,068 EXPENDITURE ON Charltable actlvltles Educatlon and resear¢h Into nature, Cause etc of diabetes, rellef and treatment for peDFde 5ufferlng wlth dlabete5 18,271 18,271 Netgalnslllossesl on Investments 11311 11311 NET INCOME 7,516 2.150 9,666 Page 8 contlnued...
ISLE OFWIGHT OW4BEfic FUND NOTESTOTHE FINANaALSTATEMENYS-¢ontlnuéd FOR THE YEAR ENDED 31 MARCH 2021 COMPARATIVÉSKIR THEsfATEMENT OF HNANCIALACtwmES- ¢ontlnued Unrestricted funds Restricted funds Total funds RECONCILIATION OF FUNDS Total fvnds brouBhtforward 636,726 10,424 647,150 TOTAL FUNDS CARRIED FORWARD 644,242 I274 656,816 TANfjtBLE FIXED ASSETS Freehold pioperty Plant and machlnery Tota15 COST At I Apfll 2020 and 31 March 2021 162.400 4,010 166,410 DEPRECIATION At l Aprll 2020 Charge for year 162,400 3,736 274 166,136 274 At 31 March 2D21 162,400 4,010 166,410 NET BOOKVAiUE At 31 March 2021 At 31 March 2020 274 274 FIXED ASSEf INVEsfMENTS Shares in group undertaklngs Listed Investments Totals MARKET VAWE At l Aprll 2020 Revaluatlons 164 45 165 45 At 31 March 2021 2C 210 NET 8OOK VALUE At 31 March 2021 209 210 At 31 March 2020 164 165 There were no investment a55ets outslde the LIK. The hlstorlcal cost of thèlxed asset Investments at the year end was £l12020- £11. Pa8e 9 contlnued...
ISLE OF WIGHT DIABETIC FUND NOTES TO THE FINANCIALSTATEMENTS-contlnued FOR THEYEAR ENDED YI MARCH 2021 ii. DEBTORS.. Amoupifs FALLING DUE WITHIN ofiE YEAR 2021 2020 Other debtots 22,270 7,980 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAII 2021 2020 Othercredltors 1,2QO 1,20J 13. A14ALYSIS OF NET ASSETS 8£TWEEII FUNOS 2021 Total nds 2020 Total funds Unrestrlcted funds Re5tftthed funds Flxed assets Inve5tm@nts Curreht assets Current Ilabtlit 274 165 657,$71 11,2(N)I 210 664B15 1,2001 210 677,389 11,200 12,574 663,825 12,574 676,399 656,816 MOVEMENT IP4 FUNDS Net movement In fLhnds At 31.3.21 At 1.4.20 Unre5tr1cted funds General fund Practlce nurse evenlng 639,847 4,395 20,820 11,2371 660,667 3,158 644,242 19,583 663,825 R•51rlcled fvnds Nurse education IOW dlabetes and endln0108Y Peer coun5ellln8 Patlent educatlon Webslte and newsletter Diabetes centre Foot service 3,843 4,315 433 1,242 1,386 1,255 100 3,843 4.315 433 1.242 1,386 1,255 100 12.S74 12,574 TOTAL FUNDS 656,816 19,583 676,399 Page 10 contlnuèd...
ISLE OF WIGHT DIABETIC FUND NOTESTO THE FINANCIAL STATEMENTS. wntlN FOR THEYEAR ENDED JI MARCH Z021 MOVEMEPl1l FUNDS- ¢ontlnued Net movement iTb fund5, Included In the above are as follDw5'. Incomlng resDvrces Resour expended Gains and 1055e5 Movement In fbjnds Unrestrfrted fvnds General fund Practlce nurse evenlng 29,368 18,5931 11,2371 20,820 11,2371 29,368 19,8301 19,583 TOTAL FUNDS 29.368 19.8301 45 19,583 CompaTatl¥e5 lor mo¥emorf In funds et movement n funds At 31.3.20 At 1.4.19 Uhrestrkted funr General fund Practice nUe evenlng 632,844 3,882 7,CQ3 513 639,847 4,395 636,726 7,516 644.242 Restrlcted fvnds Nurse education IOW dlabetes and endocrinoloBy Peer counselling Patient edtsEatlorth Webslte and newsletter Dlabetes centre Foot sèrvlce 2,643 3,715 433 1,242 1,386 905 loo 1,2LX) 600 3,843 4,315 433 1,242 1,386 1,255 350 ION24 2,150 12,574 TOTAi FUNDS 647.150 9,666 656.816 Page 11 contlnued...
ISLE OFWIGHT OIABETIC FUND NOTESTO THE FINANCIAL STATEMENTS- contlN•d FOR THE YEAR ENDED 31 MARCH 2021 +IOVEMENT FUNDS- conllnu Comparatl¥e net movement In lund$, Induded in the above are as follows: Incoming resources Re50urcps expended Galns and losses Movement In fund5 Unre5trkted lund5 General fund Practice nurse evenln8 24,117 1,801 116,9831 11.2881 11311 7,J3 513 25.918 118,2711 11311 7,516 RfItted lunds Nurse education IOW diabetes and end[l0&Y Dlabete5 centre 1,200 6W 350 1,200 600 350 2,150 2,150 TOTAL FIJN05 28,068 118,2711 11311 9,666 The nurse5 educatlon fund comprlses of monles donated to furthertralnlfig of nurses atthe centre. The IOW dlabetes and endocrfno108y fund comprlses of monles ¢Jonated to enable dottor5 and nur525 to attend major conference5 whiLth relate tol the artIlieS of the ntre. The peer counselllng fund comprlses of monles specffical to usefor peer advlsory meetlngs. The patlent educatlon fund comprlses of monles donated toward5 patlehteducatlon. The website and newsl¢tter fvnd consists of a grant specifically to support the productlon of a webslte and newslotter. The dlabetes centre fund comprfses of monles spe¢llScallyto use wlthln the diabetes centre. The foot servlce fvnd comprises of monl¢s spedfltallyto use fur podiatry. The practice nurse evenln8 fund comprlses of monies dÈslgnatÈd to use for the hlre of venues, and othei assodatÈd costs, to hold update meetin85 with the nurse5. Pagè 12 tontinuÉd..-
ISLE OF WI6HYOIABEfK FUND NQTESTO THE FINANCIALSTATEMENTS- contlnu8d FOR THE YEAR ENDED 31 MARCH 20ZI 15. RELATEO PARTY DJSCiOSURE5 There were no latsd party tr3nsa¢tlons forthe year ended 31 March 2021, SUBSIOIARY UNDERTAKING The chartty OWThs IfMYA (rf the Issued sharè capltrl of The Isle of Wi8ht Dlabetlc Fund Tradin8 Company Llmited, a company Incorporated In En8land and Wales. The company trades In support of the Isle of Wlght Dlabetlc Fund. The net assets of the company at the year end amounted to £55,49712020 - £55,276), profli and loss re5erve5 amouftted to £55,49612020- £55,275) and the Share capitsl amounted to £112020 - £1) representln8 l ordlnory share of £1 each. Its turnover and proflt before tsx for the year then ended amounted to £20,060 12020 - £50,180) and £22A9412020- £16,4701 respectivety, of whlch £22.27012020- £16,433) was donated to thè charliv. Page 13
ISIÉ OF WIGTr DIABEllc FUND DETAILED STATEMENT OF FINANaALAcnviTIES FOftTHE YEAR ENDED31 MARCH 2021 2021 Total funds 2020 Total funds Unrestrlcted funds Restrlcted fund5 INCOME AND ENDOWMENT5 Donatlons and legacles Donatlons 22,966 22,966 21,662 Investh*nt Income InterESt received 6,402 6A02 6,406 Total lficomln8 rwurns 29,368 29.368 28,068 EXPENDITURE Charltsblè artmtles Adult education Nursè tralning Support diabetic paInt group Bookkeeplng Depreclation of tsnglble fixed assets 18 1,288 14,371 1,237 5,961 I,coo 274 1,237 5,961 I,ooJ 274 274 8N74 8,474 16,951 Support Costs (knman¢e Costs Independent examlners, remuneration 1,356 1,356 1,320 Total resoiiTce5 expended 9,830 9,830 18,271 Ngtlncome 19,538 19,538 9,797 This page doe5 not form part of the statutoryfinamlal staternents Page 14