THE ISLE OF WIGHT RAILWAY COMPANY LIMITED
Operates a 5 mile heritage steam railway on a part of the former Ryde to Newport railway line.
Objects
TO ADVANCE PUBLIC EDUCATION IN THE HISTORY AND DEVELOPMENT OF RAILWAY LOCOMOTION ON THE ISLE OF WIGHT.
Financial health, per its FY2025 accounts
The accounts state that the charity maintained financial stability with a surplus of £74,851 for the year, supported by unrestricted free reserves of £1,457,024 which exceed the policy target of £1,043,000. The trustees confirmed the group is a going concern with adequate resources for the foreseeable future, despite a decline in visitor revenues offset by cost reductions.
What the accounts disclose
“Relatives of the Chief Executive of the charity and Mr M Flynn, trustee of the charity, were employed by the subsidiary company during the year, their employment terms and salary were commensurate with others in the same role.” — page 39
“The charity's subsidiary, IWR Trading Limited, made a distribution to the charity of £73,697” — page 39
“Relatives of the Chief Executive of the charity and Mr M Flynn, trustee of the charity, were employed by the subsidiary company during the year, their employment terms and salary were commensurate with others in the same role.” — page 39
“The charity's subsidiary, IWR Trading Limited, made a distribution to the charity of £73,697” — page 39
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Corporate structure
- Registered company of the charity Companies House 01068690
- Trading subsidiary: IWR TRADING LIMITED Companies House 02769446
- Equity: £50
- Average employees: 0.13
- Donated/gift-aided to the charity: £206k
- Amounts owed to group undertakings: £205,810 (2023: £70,494)
“Amounts owed to group undertakings 205,810”
Company officers (Companies House)
- PEVERLEY, Gary on trustee list
- DAY, Edward Charles on trustee list
- PARDINGTON, Michelle Joy on trustee list
- LAIRD, Kenneth on trustee list
- FLYNN, Mark Ian on trustee list
- WOODHAMS, John Denis on trustee list
- FARNBANK, Isaac Matthew on trustee list
- DEEGAN, Graham Michael on trustee list
- BARRY, Anthony John on trustee list
- FELTON, George Nicholas on trustee list
- SMITH, Malcolm Hyatt on trustee list
- WHITLAM, Iain Edwin on trustee list
- OATES, Stephen Michael on trustee list
- WHITLAM, Iain Edwin
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Anthony John Barry
- Dr Alan Robert Doe
- Edward Charles Day
- Elizabeth Jennifer Simpson
- Gary Peverley
- Graham Michael Deegan
- Iain Edwin Whitlam
- Isaac Matthew Farnbank
- Kenneth Laird
- Lindsay Jane McComb
- Mark Ian Flynn
- Michelle Joy Pardington
- STEPHEN MICHAEL OATES
- STUART DUDDY
- Sandra Mary Garbett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £3.2m | £3.1m |
| 31/12/2024 | £3.3m | £3.1m |
| 31/12/2023 | £3.2m | £2.7m |
| 31/12/2022 | £2.7m | £2.4m |
| 31/12/2021 | £2.6m | £2.0m |
Common questions
Is THE ISLE OF WIGHT RAILWAY COMPANY LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity maintained financial stability with a surplus of £74,851 for the year, supported by unrestricted free reserves of £1,457,024 which exceed the policy target of £1,043,000. The trustees confirmed the group is a going concern with adequate resources for the foreseeable future, despite a decline in visitor revenues offset by cost reductions. Its FY2025 accounts were audited by Moore (South) LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 26/05/2020 | £49k | "COVID19 Isle of Wight Railway Co Ltd" |
| The National Lottery Heritage Fund | 07/12/2010 | £1.0m | "Changing Trains" |
| The National Lottery Heritage Fund | 14/02/2005 | £50k | "Calbourne Restoration Project" |
| The National Lottery Heritage Fund | 27/09/2001 | £489k | "Isle of Wight Railway - Restoration" |