THE ISLAND TRUST LIMITED
Registered charity 1049722 · accounts filings on the Charity Commission register · also known as THE ISLAND TRUST · listed website unreachable when last crawled
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £109,531 for the year, driven by a significant drop in income following the cancellation of a major fundraising dinner and a reduction in fleet size. While free reserves declined to £213,967, the trustees note that cash at bank fell to £31,765, which is below their stated policy target of maintaining six months' anticipated expenditure. The filing confirms no material uncertainties regarding going concern, attributing improved profitability to reduced operational costs.
What the accounts disclose
Reserves policy: 6 months’ anticipated expenditure (held: £214k)
“The trustees therefore consider it desirable to maintain a general reserve of 6 months’ anticipated expenditure.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee loans
“At 31 December 2024, £70,000 (2023: £70,000) was owed by the charity to the trustees S Dobson and C Macdonald-Brown in an interest free loan with no formal loan agreement.” — page 20
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Island (Cutter) Limited
“The charity wholly owns the UK subsidiary Island (Cutter) Limited. The subsidiary’s principal activity is the hire of boats for transport for in excess of ten people.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Accounts independently examined (not a full audit).
Corporate structure
Structured financials (annual return, FY ending 31/12/2022)
Cost of raising funds
£31k
Reported reserves equal ~11.0 months of spending — above the median for charities its size (median 7.0 months; benchmarks).
Register events
- Received assets from another charity (28/06/2019) — per the register’s event history; asset transfers typically record mergers or reorganisations.
Trustees
- CHARTERS JOHN MACDONALD-BROWN
- Christopher Edward Cleaves
- JUDITH MARY LLOYD
- Peter Frederick George French
- SIMON CHARLES LINDSAY DOBSON
- Stephen William Arnold
Trustee list from the Charity Commission register (current, not historical).
Operates in: Throughout England
Income and spending
Common questions
Is THE ISLAND TRUST LIMITED financially healthy?
The accounts state that the charity reported a net expenditure of £109,531 for the year, driven by a significant drop in income following the cancellation of a major fundraising dinner and a reduction in fleet size. While free reserves declined to £213,967, the trustees note that cash at bank fell to £31,765, which is below their stated policy target of maintaining six months' anticipated expenditure. The filing confirms no material uncertainties regarding going concern, attributing improved profitability to reduced operational costs. Its FY2024 accounts were independently examined.
Who funds THE ISLAND TRUST LIMITED?
Funders whose own accounts filings name THE ISLAND TRUST LIMITED as a grant recipient include THE CHARLES LEWIS FOUNDATION, REARDON SMITH NAUTICAL TRUST, THE FRANK JACKSON FOUNDATION, SIR ROBERT GEFFERY'S ALMSHOUSE TRUST, THE GOSLING FOUNDATION LIMITED.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with THE EXETER CANAL AND QUAY TRUST LIMITED.