IRIS Accounts Production v23.3.0.418 Other Company accounts True false Pounds 1.2.22 31.1.23 31.1.23 FY FRS 102 Unaudited Large and medium-sized companies regime for accounts Full Charities SORP true true true false true false false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026830322022-01-31026830322023-01-31026830322022-02-012023-01-31026830322021-01-31026830322021-02-012022-01-31026830322022-01-3102683032ns11:Originalns0:CharitableCompanyLimitedByGuarantee2022-02-012023-01-3102683032ns11:Original2022-02-012023-01-3102683032ns15:PoundSterlingns11:Original2022-02-012023-01-3102683032ns11:Original2022-01-3102683032ns11:Original2023-01-3102683032ns11:Originalns11:FRS1022022-02-012023-01-3102683032ns11:Originalns11:AuditExempt-NoAccountantsReport2022-02-012023-01-3102683032ns11:Originalns11:LargeMedium-sizedCompaniesRegimeForAccounts2022-02-012023-01-3102683032ns11:Originalns11:FullAccounts2022-02-012023-01-3102683032ns11:Originalns11:CharitiesSORP2022-02-012023-01-3102683032ns11:Original2021-02-012022-01-3102683032ns11:Originalns16:EnglandWales2022-02-012023-01-3102683032ns11:Originalns11:RegisteredOffice2022-02-012023-01-3102683032ns11:Originalns0:Trustee12022-02-012023-01-3102683032ns11:Originalns0:Trustee22022-02-012023-01-3102683032ns11:Originalns0:Trustee32022-02-012023-01-3102683032ns11:Originalns11:CompanySecretary12022-02-012023-01-3102683032ns11:Original2021-01-3102683032ns11:Original2022-01-3102683032ns11:Originalns10:WithinOneYear2023-01-3102683032ns11:Originalns10:WithinOneYear2022-01-3102683032ns11:Originalns0:TotalUnrestrictedFunds2023-01-3102683032ns11:Original22022-02-012023-01-31
REGISTERED COMPANY NUMBER: 02683032 (England and Wales)
REGISTERED CHARITY NUMBER: 1019518















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

ISLAND CONCERNS LTD
(A COMPANY LIMITED BY GUARANTEE)

ISLAND CONCERNS LTD

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Report of the Trustees 1 to 2

Statement of Financial Activities 3

Balance Sheet 4 to 5

Notes to the Financial Statements 6 to 10

ISLAND CONCERNS LTD (REGISTERED NUMBER: 02683032)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2023



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 January 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal activities are to promote, improve, develop and maintain public education in and appreciation of the art and science of music in all its aspects by the presentation of public concerts and recitals and by such other ways as the company through its board of directors shall determine from time to time.

ACHIEVEMENT AND PERFORMANCE
This report covers the year of trading as a registered charity from 1st February 2022 to 31st January 2023.

The main activity this year was the 5 year commemoration of the Defence of Cowes and East Cowes by the Polish warship, ORP Blyskawica. A ship that was built in Cowes in 1936 and returned to Cowes in 1942 for a routine service only to find itself a centre of the only dedicated raid on Cowes by the Luftwarft on 4-5th May 1942. The captain of the ORP Blyskawica, Captain Franci, against Admiralty regulations, fired its guns which greatly helped to reduce the impact of the raid on Cowes.

We commemorate this anniversary every year with wreath laying ceremonies but every 5 years more significant events tale place including a public piano recital at the Royal Yacht Squadron by no less than the grand-daughter of Captain Franci, Eva Maria Doroskzowska, who is a professional pianist teaching at the Royal Academy of Music in London.

Much of the money raised this year was diverted to Ukraine based charities including the recital fee of Eva Maria and the grand-piano hire charge by Ringwood based Venable Pianos.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
02683032 (England and Wales)

Registered Charity number
1019518

Registered office
East Quay
Kite Hill
Wootton Bridge
Ryde
Isle of Wight
PO33 4LA


ISLAND CONCERNS LTD (REGISTERED NUMBER: 02683032)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2023


Trustees
R Milner
N Milner
L Miller

Company Secretary
N Milner

Approved by order of the board of trustees on 20 October 2023 and signed on its behalf by:





R Milner - Trustee

ISLAND CONCERNS LTD

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JANUARY 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 292 -

Other trading activities 2 3,598 -
Investment income 3 72 2
Total 3,962 2

EXPENDITURE ON
Raising funds 4,074 313


Other 469 133
Total 4,543 446

NET INCOME/(EXPENDITURE) (581 ) (444 )


RECONCILIATION OF FUNDS
Total funds brought forward 15,491 15,935

TOTAL FUNDS CARRIED FORWARD 14,910 15,491

ISLAND CONCERNS LTD (REGISTERED NUMBER: 02683032)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Debtors 7 25 -
Cash at bank and in hand 29,214 28,566
29,239 28,566

CREDITORS
Amounts falling due within one year 8 (14,329 ) (13,075 )

NET CURRENT ASSETS 14,910 15,491

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,910

15,491

NET ASSETS 14,910 15,491
FUNDS 9
Unrestricted funds 14,910 15,491
TOTAL FUNDS 14,910 15,491

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


ISLAND CONCERNS LTD (REGISTERED NUMBER: 02683032)

BALANCE SHEET - continued
31 JANUARY 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 20 October 2023 and were signed on its behalf by:





R Milner - Trustee

ISLAND CONCERNS LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.


ISLAND CONCERNS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. OTHER TRADING ACTIVITIES
2023 2022
£    £   
Event income 3,598 -

3. INVESTMENT INCOME
2023 2022
£    £   
Interest received 72 2

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2023 nor for the year ended 31 January 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 January 2023 nor for the year ended 31 January 2022.


5. STAFF COSTS

The average monthly number of employees during the year was as follows:

2023 2022

No employees received emoluments in excess of £60,000.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM

Investment income 2

EXPENDITURE ON
Raising funds 313


Other 133
Total 446

ISLAND CONCERNS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   

NET INCOME/(EXPENDITURE) (444 )


RECONCILIATION OF FUNDS
Total funds brought forward 15,935

TOTAL FUNDS CARRIED
FORWARD

15,491

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,272 433
Directors loan 13,057 12,642
14,329 13,075

9. MOVEMENT IN FUNDS
Net
movement At
At 1.2.22 in funds 31.1.23
£    £    £   
Unrestricted funds
General fund 15,491 (581 ) 14,910

TOTAL FUNDS 15,491 (581 ) 14,910

ISLAND CONCERNS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 3,962 (4,543 ) (581 )

TOTAL FUNDS 3,962 (4,543 ) (581 )


Comparatives for movement in funds

Net
movement At
At 1.2.21 in funds 31.1.22
£    £    £   
Unrestricted funds
General fund 15,935 (444 ) 15,491

TOTAL FUNDS 15,935 (444 ) 15,491

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 2 (446 ) (444 )

TOTAL FUNDS 2 (446 ) (444 )

ISLAND CONCERNS LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.2.21 in funds 31.1.23
£    £    £   
Unrestricted funds
General fund 15,935 (1,025 ) 14,910

TOTAL FUNDS 15,935 (1,025 ) 14,910

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 3,964 (4,989 ) (1,025 )

TOTAL FUNDS 3,964 (4,989 ) (1,025 )

The general fund is an unrestricted fund that can be used for charitable purposes as the trustees wish.

There are no restricted funds.

10. RELATED PARTIES

A balance of £13,057 (2022 - £12,642) was owed to R Milner (director).