THE ISLAND TRUST LIMITED
To provide and assist in the provision of facilities for recreation in the interests of social welfare and in particular facilities for sailing to persons who have need for such facilities by reason of their social and economic circumstances or their disablement or infirmity with the object of improving the conditions of life of such persons.
Financial health, per its FY2025 accounts
The accounts state that the charity recorded a net deficit for the year, primarily due to non-cash provisions against loans made to its operating subsidiary. However, the trustees note that excluding these provisions, the trust recorded a small surplus, and cash reserves improved significantly during the year. The trustees are satisfied that the charity is entitled to exemption from audit and have no material uncertainties regarding going concern.
What the accounts disclose
“Cost of raising funds of £30,873 (2024: £35,020) was unrestricted.”
“The trustees therefore consider it desirable to maintain a general reserve of 6 months’ anticipated expenditure.”
“At 31 December 2025, £nil (2024: £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
“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
Corporate structure
- Registered company of the charity Companies House 03107339
- Trading subsidiary: ISLAND (CUTTER) LIMITED Companies House 05925756
- Turnover: £373k
- Profit before tax: £-127k
Company officers (Companies House)
- FRENCH, Peter Frederick George on trustee list
- CLEAVES, Christopher Edward on trustee list
- ARNOLD, Stephen William on trustee list
- DOBSON, Simon Charles Lindsay on trustee list
- MACDONALD BROWN, Charters John on trustee list
Structured financials (annual return, FY ending 31/12/2022)
Register events
- Received assets from another charity (28/06/2019)
Trustees
- CHARTERS JOHN MACDONALD-BROWN
- Christopher Edward Cleaves
- JUDITH MARY LLOYD
- Peter Frederick George French
- SIMON CHARLES LINDSAY DOBSON
- Stephen William Arnold
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £273k | £382k |
| 31/12/2024 | £284k | £394k |
| 31/12/2023 | £434k | £787k |
| 31/12/2022 | £772k | £635k |
| 31/12/2021 | £329k | £506k |
Common questions
Is THE ISLAND TRUST LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity recorded a net deficit for the year, primarily due to non-cash provisions against loans made to its operating subsidiary. However, the trustees note that excluding these provisions, the trust recorded a small surplus, and cash reserves improved significantly during the year. The trustees are satisfied that the charity is entitled to exemption from audit and have no material uncertainties regarding going concern. Its FY2025 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 ASSOCIATION OF SAIL TRAINING ORGANISATIONS, THE FRANK JACKSON FOUNDATION, SIR ROBERT GEFFERY'S ALMSHOUSE TRUST.
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 17/08/2020 | £10k | "COVID 19 The Island Trust" |
| Sport England | 16/06/2020 | £10k | COVID-19 CEF |
| The National Lottery Community Fund | 12/04/2018 | £10k | Ocean discovery on board a Tall Ship |
| Sport England | 30/03/2017 | £10k | Sailing Superstars |
| The National Lottery Community Fund | 05/10/2016 | £3k | Explore, Dream, Discover |
| The National Lottery Heritage Fund | 15/04/2015 | £65k | "Restoration of historic vessel - Moosk" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CHAPMAN CHARITABLE TRUST | 2 | £5k |
| GRANGE FARM CENTRE | 1 | — |
| THE GIRDLERS' COMPANY CHARITABLE TRUST | 1 | £55k |
| THE LONDON MARATHON CHARITABLE TRUST LIMITED | 1 | £41k |
| PETER HARRISON FOUNDATION | 1 | £30k |
| THE PAULINE AVIGES-GRAHAM FOUNDATION | 1 | £30k |
| DEPTFORD CHALLENGE TRUST LIMITED | 1 | £28k |
| THE BAND TRUST | 1 | £25k |
Charities like this
- HARTLEPOOL UNITED COMMUNITY SPORTS FOUNDATION
- SETTLE AREA SWIMMING POOL
- THE EXETER CANAL AND QUAY TRUST LIMITED
- BRIDPORT AND WEST DORSET SPORTS TRUST LIMITED
- THE CIRDAN SAILING TRUST (INCORPORATING THE FARAMIR TRUST) LIMITED
- West Wight Sports and Community Centre Trust Ltd
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ISLAND TRUST LIMITED | £273k | — | 0 | unclear | 11.3% | no doubt |
| HARTLEPOOL UNITED COMMUNITY SPORTS FOUNDATION | £199k | — | 0 | unclear | — | no doubt |
| SETTLE AREA SWIMMING POOL | £659k | — | 0 | above | — | no doubt |
| THE EXETER CANAL AND QUAY TRUST LIMITED | £377k | — | 0 | unclear | — | no doubt |
| BRIDPORT AND WEST DORSET SPORTS TRUST LIMITED | £1.5m | — | 0 | unclear | — | no doubt |
| THE CIRDAN SAILING TRUST (INCORPORATING THE FARAMIR TRUST) LIMITED | £719k | — | 0 | above | — | no doubt |