WEY ISLAND TRUST
REPORTS AND ACCOUNTS
31 December 2023
Registered eharity No. 271549

WEY ISLAND TRUST
ACCOUNTS
Year ended
31 Deeember 2023
CONTENrs
Page
General inforniation
Report of the Comtnittee of Management l Trustees
Balance sheet
Statement of financial activities
Notes to the accounts

WEY ISLAND TRUST
ACCOUNrs
Year ended
31 December 2023
GENERAL INFORMATION
Registered clwity number
271549
Principal officc (since 18 November 2020)
109 Tiemey Road
Streatham
IA)ndon SW2 4QQ
Committe¢ of Management / Trustees
L. J. G. Andrcws
E. L. Giles
R. Glassborow
R. C. Hole
A. Saunders
C. R. Saunders
N. Skilton
M. Spiers
C. A. Young
Hon. Treasurer
C. Hole
28 ROU￿ Gardens
London SE218AF
Member organisations
Claphatn Youth C¢ntre
DOST Ccntre foryoung Re￿getS and Migrants
Fndeavour Youth Club
Ktiights Youth Cetrtrc
Island managers
D. Rusted
K. Spad(es
C. Judd (since l November 2023)
Strncture of the Committee
of Management
Chaimian, Treasurer and kcr¢tarY
One membcr of cach of the above organisations
Bankers
Barclays Bank plc
Southwth Group
IA)ndon SEI

WEY ISLAM) TRUST
REPORT OF THE COMMITTEE OF MANAGEMENTrrRUSTEES
for the year ended 31 Deeember 2023
The Commiltee of Management ('the trustees,) present their report and the accounts for the
year ended 31 December 2023.
Legal status and organi8ation
Wey Island TTUSt is a registered charity (Charity number 271549).
Until I l July 2005 its governing instrutnent w&$ a Declaration of Trust dated 28 May 1975.
Effective I l July 2005, its governing instnllnenL is a Scheme, approved by the Cklarity
Commissioners for England and Wales. tbe Scheme replaces the fomkeT trusts.
There are currently nin¢ ln￿tees, whose names are listed on page l. Management is in the
hands of a Committee of ManagemenL which must hold at least two ordinary meetings in
each J'ear. The comrnittee is to include representatives of the member OTganisations listed on
page l. Nominations for new members of ihe committ¢¢ are put forward by the mcmbcr
organisations and are subject to the approval of the committee. All decisions are made by the
committee.
Principal aim and objective
The chief objective of the Trust is the provÉsion of an out-of-town recreational facility for the
member organisations listed on page l. who are either based in London Boroughs or cany out
their charitable activities throughout l.ondon.
Activities
The Trust owls a small area of land beside the river Wey near Weybridge, Surrey, which it
acquired in 1976. The site h&s been substantially improved and developed over the years. and
the buildings on the site now consist of a residential block, a donnitory blocL a toilet and
shower block, and a storage facility. The member clubs use the site on a Totating basis,
during the months of April to October. and the site and its facilities are also let to other Clubs
when not used by the member clubs.
Results
The Ststement of Financial ActivRties on page 5 shows that there was an unrestricted deficit
of £372 in the year ended 31 Deccmber 2023 (2022: unrestricted surplus £1,228). Most of
the ¢xpenditure in maintaining the site is recorded in these accounts, but som¢ minor
expenses may be borne by the member clubs and not reclaimed from the Trust. Restricted
funds at 31 December 2023 available for spend in 2024 amounted to £8,056 (£2,716 at 31
December 2022).

WEY ISLAND TRUST
REPORT OF THE COMMITTEE OF MANAGEMENTITRUSTEES
for Ihe year ended 31 December 2023
(continued}
Duties of the trustees
The duties of the trnstees consist priM￿LlY in maintaining the site and the fabric of the
buildings on the site, arranging the funding of both capital and revenue expenditure, and
managing the use of th¢ site lo the best advantage of all the member clubs.
Trustees, responsibilities in the respect of the accounts
As a registered charity, Wey Island Trust is subject to charity law. Its trustees are required to
prq)are accounts which give a trne and fair view of the state of affairs of the charity at the end
of the finaDciaI year and of the surplus or deficit for that year. In addition, the trustees are
responsible for ensuring that adequate accounting TecoTds are maintained. for safeguarding
the assets of the charity and hence for taking reasonable steps for prevention and detection of
fraud and other irregularities.
The trustees confirni that the accounts for the year ended 31 December 2023 have been
prepared on a going concern basis, and that suitable accounting policies, consistently applied
supported by reasonable and prudent judgements and estin]ates. have been used in their
prepaTation, and that applicable accounting standards have been followed.
The charity's policy on reserves
The trustees have always taken the view that it would not be appropriate for the charity to
build up reserves on a planned basis. In ihe past, major expenditure has been fuuded by grants
from charitable tn￿ts, as such expendilure has generally been of such magnitude that no
reserves would have been sutTicient to fund such expenditure.
Financial accountability and general risk assessment
The Committee of Management has met several times during the past year. Risk assessments hai'e
been carried out. The major risks to which the charity is exposed have been reviewed and systems
have been established to mitigate those risks. The Committee of Management considers that the risks
assoctated with running their present activities are adequately covered by insurance.
sI￿e
R. C. Hole
Truste¢
Trustee

WEY ISLAND TRUST
BALANCE SHEET
at31 December 2023
31.12.23
31.12.22
Fixed as8ets (note 5)
3,350
3,350
Currenl assets
Bank deposit account
Bank current account
Debtors (note 6)
6,174
12.943
2,517
21,634
0,115
6,296
4,25)
16.666
Currellt liabilities
Accrued expenses (note 4)
Net current assets
21.634
16,666
24,984
20,016
Funds
Restricled funds
8,056
2,716
Unrestricted funds
Capital grant from Dulverton Trust
Members, capital contributions
Income and Expenditure Account
2,000
1,830
13,098
2, 000
1,830
13,470
16,928
17,300
24,984
20,016
ers. Trustee
R. C. Hole. Trustee
Dated..
a¢}&)

WEY ISLAIW TRUST
STATEMENf OF FINANCi&kL ACTIVITIES
Y¢ar ¢nded 31 Deeember 2023
2023
2022
Unrestricted Restricted
Total
Tolal
Incoming Resources
Contributions from member clubs
Use of island by third parties
Gifts for dorniitory repairs
Grant from Clapham Consortium
Grant from Violence Reduction Unit
Grant from St Barnabas Trust
Gifts under GiftAffid
GifL4id tax receivable
Other gifts received
Sale of mower
Insurance claim settled
Interest received
3,000
800
3,000
800
10,000
3,750
4,994
1,400
5.000
3.000
2,935
J,000
10,000
3,750
4,994
1,400
5,000
5,500
1,375
280
487
180
487
180
626
58
58
Total iDcoming resourees
13.275
16,394
29,669
14,722
Resources Expended
(details on page 6}
Direct charitsble expenditure
Fundraising and publicity
Management and administration
13,400
31
216
11,054
24,454
31
216
12.004
490
Total resources expended
13.647
11,054
24,701
12,494
Net intomlngl(-OUtgoing) resources for the year
-372
5.340
4.968
2,228
Funds at l January 2023
13,470
2,716
16,186
13, 958
Funds ai 31 December 2023
13,098
8,056
21,154
16.186

WEY ISLAYJ D TRUST
STATEMENT OF FINANCIAL ACTIVITIES
Year ended 31 December 2023
Icontittued)
2023
2022
Unrestricted Restricted
Total
Direct eharitable expendilure
Staff costs (thote 2):
Salaries and allowances
less.. allocation to VRU fund (restricted)
7,240
-1,070
6,170
6.189
1,070
1,070
6,189
Major projeets and maintenaAJce:
Construction of dormitory block
Site: tree work
9,440
9,440
Maintenanee of buildings and site:
Mainlenance of buildings
Maintenance of site
Maintenance of mow¢r and equipment
Mower (sn)and)
Supplies- new kitchen water heater
Supplies= lifebuoy and defibrillator
41
520
443
663
187
96
1,154
273
544
544
1,854
1,523
Other expenses:
Casual labour
Insurances
Electricity
Water charges
Calor gas supplies
Sundry expenses
400
3.186
722
889
164
15
5,376
3,114
840
181
156
4.29]
Fundraising and publicity:
Website expenses
31
275
ManagemeDt and admillistratioll:
Fundraising fees
216
216
Total expendithre (to page 5)
13,647
12,4

WEY ISLAND TRUST
NOTES TO THE Accouwrs
for the year ended 31 Deeember 2023
I. ACCOUNTING POLICIES
(a) Basis of accounting
The accounts arc prepared under the historical cost convention and in accordance with thc
Charities SORP (FRSSF.) 2015 as updated October 2019, and applicable accounting standards.
(b) Amortisation of Fixed Assets and ofcapital Grants
The amortisation charge on buildings and equipment is treated as a deduction from the capital
grants and gifts received for the relevant construction work. Buildings are amortised at an annual
rate of l 0/0 on cosL and l)eating and hot water installations at 20% on Cost. Equipment is
amortised at an annual rate of 200/0 on cost. No amortisation is provided on the freehold land.
(c) Incoming resources
Grants receivable are treated as income in the year in which they are received, and any grants
received for future periods are carried fonvard as restricted or unrestri¢led funds. Legacies,
donations and other voluntary income are treated as income in the year that they are received,
with the exception of earniarked donations. which will be carried fonvard if not fully spent on
their earniarked purpose.
(d) Resources expended
All expenditure direLtly related to direct charitable expenditure, fundraising and publicity, and to
management and administration has been separately Identified in the accounting records.
2. STAFF COSTS
2023
2022
Salaries
Allowances
7,000
240
5,949
240
J8
3. TRUSTEES, IiEMUNEIL4TION AND EXPENSES
No remunerntion or expenses w¢re paid to any of the tTUStees.

WEY ISLAIW TRUST
NOTES TO THE ACCOTJNTS
For the year ended 31 December 2023
(eontillued)
4. ACCRUED EXPENSES
2023
2022
Utilities
Freehold
land
Buildings Equipment
Totsl
5. FIXED ASSETS
Cost:
At 1.1.23
Additions in the year
At31.12.23
3.250
82.910
2.631
88,791
3,250
82,910
2,631
88,791
Amortisation:
At 1.1.23
Charge for the y¢&r
At31.12.23
82.815
2.626 85.411
82,815
2,626
85,411
At31.12.23
3.250
95
3,350
At 31.12.22
3,250
95
3,350
Note on the Freehold Land=
The freehold land is shown at the cost of acquisition in 1971 of the land together with
building5 thereon- those buildings were demolished many years ago. In the opinion
of the trustees. the current value of the land is not less than the £3,250 shown above.
6. DEBTORS
2023
2022
GiftAid tax recoverable
Fee for island use
Managers, expense floats
Prepaid insurances
J.375
400
100
2,380
4,2ii
loo
2,417
2.517

WEY ISLAND TRUST
REPORTS AND ACCOUNTS
31 December 2023
Registered eharity No. 271549

WEY ISLAND TRUST
ACCOUNTS
Year ended
31 Deeember 2023
CONTENrs
Page
General inforniation
Report of the Comtnittee of Management l Trustees
Balance sheet
Statement of financial activities
Notes to the accounts

WEY ISLAND TRUST
ACCOUNrs
Year ended
31 December 2023
GENERAL INFORMATION
Registered clwity number
271549
Principal officc (since 18 November 2020)
109 Tiemey Road
Streatham
IA)ndon SW2 4QQ
Committe¢ of Management / Trustees
L. J. G. Andrcws
E. L. Giles
R. Glassborow
R. C. Hole
A. Saunders
C. R. Saunders
N. Skilton
M. Spiers
C. A. Young
Hon. Treasurer
C. Hole
28 ROU￿ Gardens
London SE218AF
Member organisations
Claphatn Youth C¢ntre
DOST Ccntre foryoung Re￿getS and Migrants
Fndeavour Youth Club
Ktiights Youth Cetrtrc
Island managers
D. Rusted
K. Spad(es
C. Judd (since l November 2023)
Strncture of the Committee
of Management
Chaimian, Treasurer and kcr¢tarY
One membcr of cach of the above organisations
Bankers
Barclays Bank plc
Southwth Group
IA)ndon SEI

WEY ISLAM) TRUST
REPORT OF THE COMMITTEE OF MANAGEMENTrrRUSTEES
for the year ended 31 Deeember 2023
The Commiltee of Management ('the trustees,) present their report and the accounts for the
year ended 31 December 2023.
Legal status and organi8ation
Wey Island TTUSt is a registered charity (Charity number 271549).
Until I l July 2005 its governing instrutnent w&$ a Declaration of Trust dated 28 May 1975.
Effective I l July 2005, its governing instnllnenL is a Scheme, approved by the Cklarity
Commissioners for England and Wales. tbe Scheme replaces the fomkeT trusts.
There are currently nin¢ ln￿tees, whose names are listed on page l. Management is in the
hands of a Committee of ManagemenL which must hold at least two ordinary meetings in
each J'ear. The comrnittee is to include representatives of the member OTganisations listed on
page l. Nominations for new members of ihe committ¢¢ are put forward by the mcmbcr
organisations and are subject to the approval of the committee. All decisions are made by the
committee.
Principal aim and objective
The chief objective of the Trust is the provÉsion of an out-of-town recreational facility for the
member organisations listed on page l. who are either based in London Boroughs or cany out
their charitable activities throughout l.ondon.
Activities
The Trust owls a small area of land beside the river Wey near Weybridge, Surrey, which it
acquired in 1976. The site h&s been substantially improved and developed over the years. and
the buildings on the site now consist of a residential block, a donnitory blocL a toilet and
shower block, and a storage facility. The member clubs use the site on a Totating basis,
during the months of April to October. and the site and its facilities are also let to other Clubs
when not used by the member clubs.
Results
The Ststement of Financial ActivRties on page 5 shows that there was an unrestricted deficit
of £372 in the year ended 31 Deccmber 2023 (2022: unrestricted surplus £1,228). Most of
the ¢xpenditure in maintaining the site is recorded in these accounts, but som¢ minor
expenses may be borne by the member clubs and not reclaimed from the Trust. Restricted
funds at 31 December 2023 available for spend in 2024 amounted to £8,056 (£2,716 at 31
December 2022).

WEY ISLAND TRUST
REPORT OF THE COMMITTEE OF MANAGEMENTITRUSTEES
for Ihe year ended 31 December 2023
(continued}
Duties of the trustees
The duties of the trnstees consist priM￿LlY in maintaining the site and the fabric of the
buildings on the site, arranging the funding of both capital and revenue expenditure, and
managing the use of th¢ site lo the best advantage of all the member clubs.
Trustees, responsibilities in the respect of the accounts
As a registered charity, Wey Island Trust is subject to charity law. Its trustees are required to
prq)are accounts which give a trne and fair view of the state of affairs of the charity at the end
of the finaDciaI year and of the surplus or deficit for that year. In addition, the trustees are
responsible for ensuring that adequate accounting TecoTds are maintained. for safeguarding
the assets of the charity and hence for taking reasonable steps for prevention and detection of
fraud and other irregularities.
The trustees confirni that the accounts for the year ended 31 December 2023 have been
prepared on a going concern basis, and that suitable accounting policies, consistently applied
supported by reasonable and prudent judgements and estin]ates. have been used in their
prepaTation, and that applicable accounting standards have been followed.
The charity's policy on reserves
The trustees have always taken the view that it would not be appropriate for the charity to
build up reserves on a planned basis. In ihe past, major expenditure has been fuuded by grants
from charitable tn￿ts, as such expendilure has generally been of such magnitude that no
reserves would have been sutTicient to fund such expenditure.
Financial accountability and general risk assessment
The Committee of Management has met several times during the past year. Risk assessments hai'e
been carried out. The major risks to which the charity is exposed have been reviewed and systems
have been established to mitigate those risks. The Committee of Management considers that the risks
assoctated with running their present activities are adequately covered by insurance.
sI￿e
R. C. Hole
Truste¢
Trustee

WEY ISLAND TRUST
BALANCE SHEET
at31 December 2023
31.12.23
31.12.22
Fixed as8ets (note 5)
3,350
3,350
Currenl assets
Bank deposit account
Bank current account
Debtors (note 6)
6,174
12.943
2,517
21,634
0,115
6,296
4,25)
16.666
Currellt liabilities
Accrued expenses (note 4)
Net current assets
21.634
16,666
24,984
20,016
Funds
Restricled funds
8,056
2,716
Unrestricted funds
Capital grant from Dulverton Trust
Members, capital contributions
Income and Expenditure Account
2,000
1,830
13,098
2, 000
1,830
13,470
16,928
17,300
24,984
20,016
ers. Trustee
R. C. Hole. Trustee
Dated..
a¢}&)

WEY ISLAIW TRUST
STATEMENf OF FINANCi&kL ACTIVITIES
Y¢ar ¢nded 31 Deeember 2023
2023
2022
Unrestricted Restricted
Total
Tolal
Incoming Resources
Contributions from member clubs
Use of island by third parties
Gifts for dorniitory repairs
Grant from Clapham Consortium
Grant from Violence Reduction Unit
Grant from St Barnabas Trust
Gifts under GiftAffid
GifL4id tax receivable
Other gifts received
Sale of mower
Insurance claim settled
Interest received
3,000
800
3,000
800
10,000
3,750
4,994
1,400
5.000
3.000
2,935
J,000
10,000
3,750
4,994
1,400
5,000
5,500
1,375
280
487
180
487
180
626
58
58
Total iDcoming resourees
13.275
16,394
29,669
14,722
Resources Expended
(details on page 6}
Direct charitsble expenditure
Fundraising and publicity
Management and administration
13,400
31
216
11,054
24,454
31
216
12.004
490
Total resources expended
13.647
11,054
24,701
12,494
Net intomlngl(-OUtgoing) resources for the year
-372
5.340
4.968
2,228
Funds at l January 2023
13,470
2,716
16,186
13, 958
Funds ai 31 December 2023
13,098
8,056
21,154
16.186

WEY ISLAYJ D TRUST
STATEMENT OF FINANCIAL ACTIVITIES
Year ended 31 December 2023
Icontittued)
2023
2022
Unrestricted Restricted
Total
Direct eharitable expendilure
Staff costs (thote 2):
Salaries and allowances
less.. allocation to VRU fund (restricted)
7,240
-1,070
6,170
6.189
1,070
1,070
6,189
Major projeets and maintenaAJce:
Construction of dormitory block
Site: tree work
9,440
9,440
Maintenanee of buildings and site:
Mainlenance of buildings
Maintenance of site
Maintenance of mow¢r and equipment
Mower (sn)and)
Supplies- new kitchen water heater
Supplies= lifebuoy and defibrillator
41
520
443
663
187
96
1,154
273
544
544
1,854
1,523
Other expenses:
Casual labour
Insurances
Electricity
Water charges
Calor gas supplies
Sundry expenses
400
3.186
722
889
164
15
5,376
3,114
840
181
156
4.29]
Fundraising and publicity:
Website expenses
31
275
ManagemeDt and admillistratioll:
Fundraising fees
216
216
Total expendithre (to page 5)
13,647
12,4

WEY ISLAND TRUST
NOTES TO THE Accouwrs
for the year ended 31 Deeember 2023
I. ACCOUNTING POLICIES
(a) Basis of accounting
The accounts arc prepared under the historical cost convention and in accordance with thc
Charities SORP (FRSSF.) 2015 as updated October 2019, and applicable accounting standards.
(b) Amortisation of Fixed Assets and ofcapital Grants
The amortisation charge on buildings and equipment is treated as a deduction from the capital
grants and gifts received for the relevant construction work. Buildings are amortised at an annual
rate of l 0/0 on cosL and l)eating and hot water installations at 20% on Cost. Equipment is
amortised at an annual rate of 200/0 on cost. No amortisation is provided on the freehold land.
(c) Incoming resources
Grants receivable are treated as income in the year in which they are received, and any grants
received for future periods are carried fonvard as restricted or unrestri¢led funds. Legacies,
donations and other voluntary income are treated as income in the year that they are received,
with the exception of earniarked donations. which will be carried fonvard if not fully spent on
their earniarked purpose.
(d) Resources expended
All expenditure direLtly related to direct charitable expenditure, fundraising and publicity, and to
management and administration has been separately Identified in the accounting records.
2. STAFF COSTS
2023
2022
Salaries
Allowances
7,000
240
5,949
240
J8
3. TRUSTEES, IiEMUNEIL4TION AND EXPENSES
No remunerntion or expenses w¢re paid to any of the tTUStees.

WEY ISLAIW TRUST
NOTES TO THE ACCOTJNTS
For the year ended 31 December 2023
(eontillued)
4. ACCRUED EXPENSES
2023
2022
Utilities
Freehold
land
Buildings Equipment
Totsl
5. FIXED ASSETS
Cost:
At 1.1.23
Additions in the year
At31.12.23
3.250
82.910
2.631
88,791
3,250
82,910
2,631
88,791
Amortisation:
At 1.1.23
Charge for the y¢&r
At31.12.23
82.815
2.626 85.411
82,815
2,626
85,411
At31.12.23
3.250
95
3,350
At 31.12.22
3,250
95
3,350
Note on the Freehold Land=
The freehold land is shown at the cost of acquisition in 1971 of the land together with
building5 thereon- those buildings were demolished many years ago. In the opinion
of the trustees. the current value of the land is not less than the £3,250 shown above.
6. DEBTORS
2023
2022
GiftAid tax recoverable
Fee for island use
Managers, expense floats
Prepaid insurances
J.375
400
100
2,380
4,2ii
loo
2,417
2.517

E 


## **Independent examiner's report on the accounts** 

**Section A                        Independent Examiner’s Report** 

|**Report to the trustees**<br>**On accounts for the year**<br>**ended**<br>**Set out on pages**|Charity Name<br>Wey Island Trust|Charity Name<br>Wey Island Trust|Charity Name<br>Wey Island Trust|
|---|---|---|---|
|||||
||31/12/2023|**Charity no**<br>**(if any)**|271549|
|||||
||1-2<br>(remember  to include the page numbers of additional sheets)|||



I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2023. 

**Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). 

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

**Independent** I have completed my examination.  I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: 

- the accounting records were not kept in accordance with section 130 of the Charities Act; or 

- the accounts did not accord with the accounting records; or 

- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

- _Please delete the words in the brackets if they do not apply._ 

|**Signed:**<br>**Name:**<br>**Relevant professional**<br>**qualification(s) or body**<br>**(if any):**<br>**Address:**<br>||17/09/2024|
|---|---|---|
||||
||Neil Cox||
||||
||Fellow of the Institute and Faculty of Actuaries||
||||
||Grasmere, Buxton Road, Macclesfield, SK11 0PS||
||||



**Oct 2018** 

1 

**IER** 



## **Section B                           Disclosure** 

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). 

**Give here brief details of any items that the examiner wishes to disclose** . 

There are no material materials of concern identified which could impact the Charity Commission’s ability to carry out its regulatory functions. 

**Oct 2018** 

2 

**IER**