REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
WIGHT DASH |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
WIGHT DASH |
WIGHT DASH |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 | to | 7 |
Notes to the Financial Statements | 8 | to | 16 |
WIGHT DASH (REGISTERED NUMBER: 05217945) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
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 March 2024. 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 principle object is to provide for the relief on the Isle of Wight of women and/or their dependent children where applicable, who are suffering or have suffered from matrimonial or domestic violence or abuse, or any other form of disadvantage, in particular by providing support for such persons. |
Public benefit |
All the activities of the Charity focus on delivering community benefit and are in accordance with the objects of the Charity. |
The Trustees have complied with their duty to have due regard to the Charity Commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant. |
ACHIEVEMENT AND PERFORMANCE |
Review of the year |
WIGHT DASH were required to make the difficult decision to close the charity in 2023 |
The trustees had been carefully reviewing the ongoing financial viability of the charity as part of its ongoing formal meetings in which the progress of the charity's work was carefully reviewed. |
The trustees met on 22nd May 2023 and again reviewed the charity's financial forecasting based on its current accounts. It was confirmed by the CEO and Office Manager that the detailed tender which had already been made by WIGHT DASH for the Domestic Violence Contract was still being considered by the Local Authority and that it was essential that this bid be successful, as this was a key source of funding to the charity. It was acknowledged that without this key source of funding, critical decisions would need to be made in the near future, by the Trustees, regarding the future work and viability of the charity. |
On 26th June 2023, a Special Meeting was convened following confirmation from the CEO that WIGHT DASH had not been successful in its bid for the Domestic Abuse Contract with the Local Authority. Several options were reviewed at this meeting for WIGHT DASH to continue to operate, which were carefully considered both operationally and financially. These included reducing, the range of services provided by WIGHT DASH with a reduced staff team, as well as closing the charity and making the full workforce redundant, in a way that would allow the charity to meet its legal, contractual and financial obligations to staff employed by the charity. It was accepted that there was no immediate prospect of WIGHT DASH receiving any other significant funding from any other sources that would enable a reduced range of services to be provided, by a smaller staff team, taking into account the charity's staffing costs as well as building rental costs etc. |
After careful consideration, taking into account the full financial advice available to the Trustees, a majority decision was made to close the charity. |
Whilst the decision to close WIGHT DASH was a very significant and difficult one to make and was deeply regrettable, it was accepted by the Trustees that there was no other financial option. The CEO was able to reassure the Trustees of the comprehensive and detailed work plan which would now be put in place to provide staff with the appropriate redundancy advice and support and that appropriate legal advice would also be taken regarding the best financial and legal options for ceasing the renting of the business premises which WIGHT DASH occupied. |
WIGHT DASH (REGISTERED NUMBER: 05217945) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
FINANCIAL REVIEW |
Investment policy and objectives |
The trustees have the power to invest in such assets as they see fit. The charity keeps its fund in short-term deposits, which can be accessed readily. |
FUTURE PLANS |
The Charity was closed in 2023. |
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. |
The Memorandum and Articles of Association, incorporated on 31 August 2004, were amended by Special Resolution on 11 April 2006. |
Recruitment and appointment of new trustees |
New members are elected by the board on a majority vote. All members follow an induction process before standing for election. |
Key management remuneration |
The company secretary is considered to be key management personnel. The total employee benefits for this post were £24,156. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
L Hart (Chairman) |
T Griffith |
S Lucas |
L Harley |
S Walsh |
C Rees |
R Bellamy James |
M Bond |
G Dale |
Company Secretary |
WIGHT DASH (REGISTERED NUMBER: 05217945) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Independent Examiner |
J Palmer |
FCCA |
Bright Brown Limited |
Chartered Accountants |
Exchange House |
St. Cross Lane |
Newport |
Isle of Wight |
PO30 5BZ |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
WIGHT DASH |
Independent examiner's report to the trustees of Wight DASH ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
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. |
J Palmer |
FCCA |
Bright Brown Limited |
Chartered Accountants |
Newport |
Isle of Wight |
PO30 5BZ |
Date: ............................................. |
WIGHT DASH |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE YEAR ENDED 31 MARCH 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 2 |
Charitable activities | 5 |
WightDASH | 264 | - | 264 | 221,666 |
Other trading activities | 3 |
Investment income | 4 |
Total |
EXPENDITURE ON |
Raising funds | 6 |
Charitable activities | 7 |
WightDASH | 41,186 | 239,353 | 280,539 | 312,556 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) | ( |
) |
Transfers between funds | 17 | (17,940 | ) | 17,940 | - | - |
Net movement in funds | ( |
) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 420,396 |
WIGHT DASH (REGISTERED NUMBER: 05217945) |
BALANCE SHEET |
31 MARCH 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 14 |
CURRENT ASSETS |
Debtors | 15 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 16 | ( |
) | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES | 119,062 | 31,494 | 150,556 | 420,396 |
NET ASSETS |
FUNDS | 17 |
Unrestricted funds | 119,062 | 173,115 |
Restricted funds | 31,494 | 247,281 |
TOTAL FUNDS | 420,396 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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. |
WIGHT DASH (REGISTERED NUMBER: 05217945) |
BALANCE SHEET - continued |
31 MARCH 2024 |
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 |
WIGHT DASH |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
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. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Fixtures and fittings | - |
Assets are only capitalised when the purchase costs is equal to or greater than £100. |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
WIGHT DASH |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
2. | DONATIONS AND LEGACIES |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Donations | 2,133 | 5,431 |
Legacies | - | - |
2,133 | 5,431 |
3. | OTHER TRADING ACTIVITIES |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Shop income | - | - |
4. | INVESTMENT INCOME |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Rents received | - | 195 |
Deposit account interest | 3,096 | - |
3,096 | 195 |
5. | INCOME FROM CHARITABLE ACTIVITIES |
2024 | 2023 |
Activity | £ | £ |
Grants | WightDASH | - | 219,166 |
Sundry income | WightDASH | 264 | 2,500 |
WIGHT DASH |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
6. | RAISING FUNDS |
Raising donations and legacies |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Support costs | - | - |
Other trading activities |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Other operating leases | - | - | - | 8,181 |
Utilities and rates | 400 | - | 400 | 603 |
Telephone | - | - | - | 371 |
Other shop costs | 5 | - | 5 | 95 |
Repairs and maintenance | 15 | - | 15 | 35 |
420 | - | 420 | 9,285 |
Aggregate amounts | 420 | - | 420 | 11,444 |
7. | CHARITABLE ACTIVITIES COSTS |
Direct | Support |
Costs (see | costs (see |
note 8) | note 9) | Totals |
£ | £ | £ |
WightDASH | 268,117 | 12,422 | 280,539 |
WIGHT DASH |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
8. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
2024 | 2023 |
£ | £ |
Staff costs | 213,352 | 247,636 |
Rent, rates and refuse | 31,530 | 26,701 |
Light and heat | 5,529 | 2,910 |
Telephone | 3,183 | 4,051 |
Postage and stationery | - | 318 |
Office supplies | 204 | 1,207 |
Sundries | 2,816 | 1,100 |
Travelling | 2,490 | 4,432 |
Conferences, training and recruitment | 450 | 3,956 |
Subscriptions and publications | 2,321 | 5,895 |
Project costs | 2,418 | 4,456 |
Repairs and maintenance | 3,700 | 1,705 |
Bank charges | 124 | 261 |
Depreciation | - | 556 |
268,117 | 305,184 |
9. | SUPPORT COSTS |
Governance |
Finance | Insurance | costs | Totals |
£ | £ | £ | £ |
WightDASH | 556 | 6,466 | 5,400 | 12,422 |
Basis of allocation |
Support costs are apportioned based on the time spent on each activity. |
10. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2024 | 2023 |
£ | £ |
Independent examiner's remuneration | 2,189 | 1,978 |
Accounting fees non independent examination | 574 | 1,216 |
Depreciation - owned assets |
Other operating leases | - | 8,181 |
Deficit on disposal of fixed assets |
WIGHT DASH |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
11. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
12. | STAFF COSTS |
The average monthly number of employees during the year was as follows: |
2024 | 2023 |
Charitable activities |
13. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
WightDASH | 78,083 | 143,583 | 221,666 |
Other trading activities |
Investment income |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
WightDASH | 83,375 | 229,181 | 312,556 |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 144,953 | 307,103 |
WIGHT DASH |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
13. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
TOTAL FUNDS CARRIED FORWARD | 173,112 | 247,284 | 420,396 |
14. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 April 2023 |
Disposals | ( |
) |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Eliminated on disposal | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
15. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Other debtors |
Prepaid expenses |
WIGHT DASH |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
16. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Social security and other taxes |
Accrued expenses |
17. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.4.23 | in funds | funds | 31.3.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 173,115 | (36,113 | ) | (17,940 | ) | 119,062 |
Restricted funds |
Outreach fund | 201,405 | (179,950 | ) | - | 21,455 |
Childcare fund | 14,114 | (32,054 | ) | 17,940 | - |
WOW | 31,762 | (21,723 | ) | - | 10,039 |
247,281 | (233,727 | ) | 17,940 | 31,494 |
TOTAL FUNDS | 420,396 | (269,840 | ) | - | 150,556 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 5,493 | (41,606 | ) | (36,113 | ) |
Restricted funds |
Outreach fund | 5,192 | (185,142 | ) | (179,950 | ) |
Childcare fund | 46 | (32,100 | ) | (32,054 | ) |
WOW | 388 | (22,111 | ) | (21,723 | ) |
5,626 | (239,353 | ) | (233,727 | ) |
TOTAL FUNDS | 11,119 | (280,959 | ) | (269,840 | ) |
WIGHT DASH |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
17. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.4.22 | in funds | 31.3.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 144,953 | 28,162 | 173,115 |
Restricted funds |
Outreach fund | 211,514 | (10,109 | ) | 201,405 |
Childcare fund | 7,228 | 6,886 | 14,114 |
WOW | 88,361 | (56,599 | ) | 31,762 |
307,103 | (59,822 | ) | 247,281 |
TOTAL FUNDS | 452,056 | (31,660 | ) | 420,396 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 122,978 | (94,816 | ) | 28,162 |
Restricted funds |
Outreach fund | 117,213 | (127,322 | ) | (10,109 | ) |
Childcare fund | 49,746 | (42,860 | ) | 6,886 |
WOW | 2,403 | (59,002 | ) | (56,599 | ) |
169,362 | (229,184 | ) | (59,822 | ) |
TOTAL FUNDS | 292,340 | (324,000 | ) | (31,660 | ) |
The Outreach and Childcare Funds are for the running of the outreach and childcare programmes and comprise the support of women in the wider community of the Isle of Wight, together with their dependent children. Grants are received specifically for these two areas of activity. |
WOW is a centre on the Isle of Wight, within which women and girls can access information, support and companionship in a safe, women only space. Women and girls have the opportunity to explore a range of issues and gain new experiences, whilst being recognised as valued individuals. It also provides an office for our outreach team which ensures specialist advice is available on site at all times. This is a diversification for us as this is not a domestic abuse specific project, rather it is a recognition that all women may experience serious and multiple disadvantage at any point in their lives. The project was funded by Big Lottery Fund Women and Girls initiative over a four year period. |
WIGHT DASH |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
18. | RELATED PARTY DISCLOSURES |