Can anyone please advise on how to create a widget that allows you to display one image which can be hyperlinked and also some text underneath?
Widgets2 posts from 2 voices
use the text widget - you can also but html code in there.
The code for a clickable picture should look like:
<a href='http://your-site.com'><img src='images/your-image.png'/></a> Uploaded by <a href='http://your-site.com'>The Dude</a>
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