THE ISLE OF WIGHT RAILWAY COMPANY LIMITED

Registered charity 280918 · accounts filings on the Charity Commission register · also known as ISLE OF WIGHT STEAM RAILWAY · listed website unreachable when last crawled

Operates a 5 mile heritage steam railway on a part of the former Ryde to Newport railway line.

Causes: Education/training · website · Get email alerts

Latest income
£3.3m
Latest spending
£3.1m
Registered
1981
Accounts read
FY2023

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.

Automated summary of the FY2023 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Ticket sales (40% of income)
Ticket sales 1,253,842 — page 11
Per its FY2023 accounts as filed with the Charity Commission.
Trading subsidiary: IWR Trading Limited
The Isle of Wight Railway Company Limited and its subsidiary IWR Trading Limited
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Bright Brown Limited. Discloses 4 of 6 completeness components.

Corporate structure

IWR TRADING LIMITED — per its own Companies House accounts
  • Donated/gift-aided to the charity: £206k
  • Amounts owed to group undertakings: £205,810 (2023: £70,494)
Amounts owed to group undertakings 205,810

Public fundraising profile: JustGiving — The Isle of Wight Railway Company Limited (matched by registered charity number).

Company officers (Companies House)

Current officers of the charity’s own company per the Companies House register, cross-checked against the Charity Commission trustee list by name. A director not on the trustee list is usually a timing or naming difference between the two registers — check both records before drawing conclusions.

Official officers record.

Property (HM Land Registry)

9 registered titles in England and Wales held by the charity’s company or corporate body (9 freehold); recorded price paid £675k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£3.3m
Total spending
£3.1m
Cost of raising funds
£1.5m
Reserves (reported)
£1.1m
Employees
43

Reported reserves equal ~4.2 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees · trustee networks

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

Operates in: Isle Of Wight

Income and spending

Financial year endIncomeSpending
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

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund26/05/2020£49k"COVID19 Isle of Wight Railway Co Ltd"
The National Lottery Heritage Fund07/12/2010£1.0m"Changing Trains"
The National Lottery Heritage Fund14/02/2005£50k"Calbourne Restoration Project"
The National Lottery Heritage Fund27/09/2001£489k"Isle of Wight Railway - Restoration"