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COWES TOWN WATERFRONT TRUST LIMITED

Registered charity 1019760 · accounts filings on the Charity Commission register

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Latest income
£2.0m
Latest spending
£1.6m
Registered
1993
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the group achieved a surplus of £283,481 for the year ended 31 March 2023, with unrestricted funds increasing to £4,990,881. The trustees consider the nature of the operations appropriate for holding free reserves of at least one year's expenditure, noting that assets are sufficient to support continuing capital expenditure and charitable obligations for the foreseeable future.

What the accounts disclose

Reserves policy: at least one year's expenditure (held: £5.0m)
“The Trustees consider that the nature of the Trust and its subsidiary Company's operations means that it is appropriate for it to hold free reserves of at least one year's expenditure for both the Charity and its trading subsidiary.” — page 7
Per its FY2023 accounts as filed with the Charity Commission.
Trading subsidiary: Cowes Yacht Haven Limited
“The Trust, through its trading subsidiary Cowes Yacht Haven Limited (CYH) manages Cowes Yacht Haven Marina” — page 4
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Moore (South) LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£2.0m
Total spending
£1.6m
Reserves (reported)
£563k
Employees
17

Reported reserves equal ~4.1 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Isle Of Wight

Income and spending

Financial year endIncomeSpending
31/03/2025£2.0m£1.6m
31/03/2024£2.0m£1.7m
31/03/2023£1.9m£1.6m
31/03/2022£1.7m£1.4m
31/03/2021£1.2m£1.2m

Common questions

Is COWES TOWN WATERFRONT TRUST LIMITED financially healthy?

The accounts state that the group achieved a surplus of £283,481 for the year ended 31 March 2023, with unrestricted funds increasing to £4,990,881. The trustees consider the nature of the operations appropriate for holding free reserves of at least one year's expenditure, noting that assets are sufficient to support continuing capital expenditure and charitable obligations for the foreseeable future. Its FY2023 accounts were audited by Moore (South) LLP.