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

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.

Area of benefit: ISLE OF WIGHT

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · website · Get email alerts

Registered contact address: Isle of Wight, South East, England (from the postcode on the register)

Latest income
£3.2m
Latest spending
£3.1m
Registered
1981
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Related-party transaction: Relatives of the Chief Executive and a trustee were employed by the subsidiary.
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The subsidiary made a distribution to the charity.
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Moore (South) LLP. Discloses 3 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Corporate structure

IWR TRADING LIMITED — latest Companies House iXBRL filing (balance sheet 31 December 2025)
  • Equity: £50
  • Average employees: 0.13
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 31/12/2025)

Total income
£3.2m
Total spending
£3.1m
Cost of raising funds
£1.6m
Reserves (reported)
£752k
Employees
54

Reported reserves equal ~2.9 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, cost of raising funds: 49.1% of total income — above the 90th percentile for charities its size (median 5.2%) (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
31/12/2025£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

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"