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.
Financial health, per its FY2023 accounts
The accounts state that the charity generated a total income of £3,161,268 and achieved an overall surplus of £419,691 for the year ended 31 December 2023. The trustees report that free unrestricted reserves of £1,134,788 are sufficient to meet the stated policy target of approximately four months' unrestricted expenditure. The independent auditors confirmed that the financial statements give a true and fair view and reported nothing regarding material uncertainties about going concern.
What the accounts disclose
“Ticket sales 1,253,842” — page 11
“The Isle of Wight Railway Company Limited and its subsidiary IWR Trading Limited”
Corporate structure
- Registered company of the charity Companies House 01068690
- Trading subsidiary: IWR TRADING LIMITED Companies House 02769446
- 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 31/12/2024)
Trustees
- PETER TAYLORchair
- Anthony John Barry
- Edward Charles Day
- GEORGE NICHOLAS FELTON
- Gary Peverley
- Graham Michael Deegan
- Iain Edwin Whitlam
- Isaac Matthew Farnbank
- John Denis Woodhams
- Kenneth Laird
- MALCOLM HYATT SMITH
- Mark Ian Flynn
- Michelle Joy Pardington
- STEPHEN MICHAEL OATES
- STUART DUDDY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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 |
| 31/12/2020 | £1.5m | £1.5m |
Common questions
Is THE ISLE OF WIGHT RAILWAY COMPANY LIMITED financially healthy?
Per its FY2023 accounts: The accounts state that the charity generated a total income of £3,161,268 and achieved an overall surplus of £419,691 for the year ended 31 December 2023. The trustees report that free unrestricted reserves of £1,134,788 are sufficient to meet the stated policy target of approximately four months' unrestricted expenditure. The independent auditors confirmed that the financial statements give a true and fair view and reported nothing regarding material uncertainties about going concern. Its FY2023 accounts were audited by Bright Brown Limited.
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" |