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2024-12-31-accounts

WEY ISLAND TRUST

REPORTS AND ACCOUNTS

31 December 2024

Registered charity No. 271549

1

WEY ISLAND TRUST

ACCOUNTS

Year ended

31 December 2024

CONTENTS

Page
General Information 3
Report of the Committee of 4-6
Management/Trustees
Balance Sheet 7
Statements of fnancial activities 8-9
Notes to the accounts 10-11

2

WEY ISLAND TRUST

ACCOUNTS

Year ended 31 December 2024

GENERAL INFORMATION

Registered charity number 271549
Principle o�ice (since 18 November 109 Tierney Road
2020) Streatham
London
SW2 4QH
Committee of Management/ Trustees L.J.G. Andrews
E.L. Giles (Secretary)
R. Glassborow
A. Saunders
N. Skilton
M. Spiers
C.A. Young
C.R. Saunders (Chair)
R.C. Hole (Resigned July 2024)
N. Elliott (Treasurer) (Appointed July
2024)
Member organisations Clapham Youth Centre
Knights Youth Centre
DOST Centre for Young Refugees
Endeavour Youth Centre
Island managers (job share) D. Rusted
K. Sparks
C. Judd
Structure of the Committee of Chairman, Treasurer, Secretary,
management Member Organisations, Co-Opted
Members
Bankers Barclays Bank Plc
Southwark
London
SE1

3

WEY ISLAND TRUST

REPORT OF THE COMMITTEE OF MANAGEMENT/TRUSTEES

for the year ended 31 December 2024

The committee of management (‘the trustees’) present their report and the accounts for the year ended 31 December 2024.

Legal status and organisation

Until 11 July 2005, The Trust’s governing instrument was a Declaration of trust dated 28 May 1975. E�ective 11 July 2005, its governing statement became a Scheme, approved by the charity commissioners for England and Wales; The Scheme replaced the former trusts.

There are currently nine trustees whose names are listed on page 3. Management is in the hands of a Committee of Management which must hold at least two ordinary meetings in each year. The Committee is to include representatives of member organisations listed on the page 3. Any nominations for new member organisations or Co-opted members are subject to the approval of the Committee. All decisions are made by the committee.

Principle aims and objective

The chief objective of the trust is the provision of an out-of-town riverside facility for London based youth organisations listed on page 3. Wey Island mobilises volunteer support and raises funds from external sources- so we can o�er our facilities to youth groups at almost no cost, thereby ensuring that no child will miss out due to their family’s financial circumstances.

Activities

The trust owns a small, secluded area of land beside the river Wey near Weybridge, Surrey, which it acquired in 1976. The site has been substantially improved and developed over the years to provide river and recreational activities for children and young people. Buildings on site now consist of a clubhouse (with kitchen), a dormitory block, toilets/showers, and storage facilities for canoes and mountain bikes. The member clubs can each use the site for up to nine days each year during the months of April to September. The site and facilities are also let to other youth organisations when it is not being used by the member clubs.

4

Achievements and Performance

Wey island was used by nine di�erent youth groups during 2024. This included two groups working with child refugees and another who work solely with autistic children. Over the course of the year the island was used by just under 900 children.

AlixPartners who o�ered us some of their sta� time as part of their community support work.

Using a generous grant from two organisations Wey Island was also able to undertake some important maintenance work, including completely repainting all our buildings and storage units.

Financial Results (summary)

unrestricted budget surplus of £9,711 in the year ended 31 December 2024 (2023: unrestricted deficit £372). Restricted funds at 31 December 2024, available for bespoke spend in 2025 amounted to £11,389 (£8,056 at 31 December 2023).

Duties of the trustees

The duties of the trustees consist primarily 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 the site to 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 prepare accounts which give a true and fair view of the situation of the charity at the end of the financial year and of the surplus or deficit for that year. In addition, the trustees are responsible for ensuring that adequate accounting records are maintained for safeguarding the assets of the charity and hence for taking reasonable steps for prevention and detect detection of fraud and other irregularities.

been prepared on an ongoing basis and that suitable accounting policies, consistently applied and supported by reasonable and prudent judgments and estimates have been used in their preparation and that applicable accounting standards have been followed.

The charity's policy on reserves

In October 2024, The Committee of Management agreed a reserves policy for the Wey Island Trust. This policy was introduced because the trust now employs a part time

5

Island manager (7 hours a week job share) and therefore needs to ensure it has su�icient funds to cover any unexpected drop in income during any financial year.

Financial accountability and general risk assessment

The Committee of Management met quarterly during 2024. At each management committee meeting the treasurer provided a detailed update of spend/income against allocated budgets - identifying any variances.

The Committee of Management considers the risks associated with their duties and the site are adequately covered by insurance.

Given its current level of annual income, the Wey Island Trust appointed an independent examiner to review its financial processes. The independent examiner’s report (October 24) made recommendations to the Committee and the trust treasurer. Their report has been uploaded onto the Commission website.

In October 2024, Wey Island signed o� a reserves policy and will allocate the required level of strategic reserve with e�ect from 1 January 2025.

Signed by:

C.R. Saunders N. Elliott Chair Treasurer

6

Wey Island Trust

BALANCE SHEET

at 31 December 2024

Fixed assets (note 3)
Current assets
Bank deposit account
Bank current account
Debtors (note 4)
Current liabilities
Accured expenses (note 5)
Net current assets
Net assets
Funds
Restricted funds
Unrestricted funds
Capital grant from Dulverton Trust
Members' capital contributions
Income and Expenditure Account
Total Funds
31.12.24
31.12.23
£
£
3,350
3,350
6,267
6,174
23,721
12,943
5,535
2,517
35,523
21,634
845
0
845
0
34,678
21,634
38,028
24,984
11,389
8,056
2,000
2,000
1,830
1,830
22,809
13,098
26,639
16,928
38,028
24,984

Signed by:

Dated: 8 September 2024

C.R. Saunders N. Elliott Chair Treasurer

7

Wey Island Trust

STATEMENT OF FINANCIAL ACTIVITIES

Year ended 31 December 2024

Incoming Resources
Contributions from member clubs
Use of island by third parties
Gifts for dormitory repairs
Grant from Clapham Consortium
Grant from Violence Reduction unit (VRU)
Grant from St Barnabas Trust
Grant from Talboys
Grant from Lambeth DfE project
Gift from John Jackson Will Trust
Gifts under GiftAid
Other gifts received
ESC Lottery Fund
Sale of mower
Da’aro Youth Project and Volunteering
Interest received
Total incoming resources
Resources Expended
Direct charitable expenditure
Fundraising and publicity
Management and administration
Total resources expended
Net incoming/ (outgoing) resources for the year
Funds at 1 January
Funds at 31 December
2024
2023
Unrestricted
Restricted
Total
Total
£
£
£
£
3,000
-
3,000
3,000
385
-
385
800
-
-
-
10,000
3,750
-
3,750
3,750
6,659
-
6,659
4,994
-
-
-
1,400
5,000
-
5,000
-
2,112
-
2,112
-
4,000
-
4,000
-
6,250
-
6,250
5,000
-
-
-
487
-
5,845
5,845
-
-
-
-
180
2,351
-
2,351
-
143
-
143
58
33,650
5,845
39,495
29,669
23,618
2,512
26,130
24,454
105
-
105
31
216
-
216
216
23,939
2,512
26,451
24,701
9,711
3,333
13,044
4,968
13,098
8,056
21,154
16,186
22,809
11,389
34,198
21,154

8

Wey Island Trust

STATEMENT OF FINANCIAL ACTIVITIES

Year ended 31 December 2024 (continued)

Direct charitable expenditure
Staff costs
Salaries and allowances
Major projects and maintenance:
Construction of dormitory black
ESC Lottery Fund
New Shed
Maintenance of buildings and site:
Maintenance of buildings
Maintenance of site
Maintenance of mower and equipment
Mower (s/hand)
Bikes check
Supplies: new kitchen water heater
Supplies: lifebuoy and defibrillator
Other expenses:
Casual labour
Insurances
Electricity, water and calor gas
Volunteering expenses
Sundry expenses
Fundraising and publicity:
Website expenses
Management and administration:
Fundraising fees
Total expenditure
2024
2023
Unrestricted
Restricted
Total
£
£
£
7,906
-
7,240
7,906
-
7,240
-
-
9,440
-
529
-
-
1,983
-
-
2,512
9,440
7,288
-
41
550
-
520
1,601
-
443
162
-
663
400
-
-
-
-
187
-
-
544
10,001
-
2,398
-
400
3,258
-
3,186
1,323
-
1,775
689
-
-
442
-
15
5,712
-
5,376
105
-
31
216
-
216
23,939
2,512
24,701

9

Wey Island Trust

NOTES TO THE ACCOUNTS

For the year ended 31 December 2024

1. ACCOUNTING POLICIES

(a) Basis of accounting

The accounts are prepared under the historical cost convention and in accordance with the Charities SORP (FRSSE) 2015 as updated October 2019, and applicable accounting standards.

(b) Amortisation of Fixed Assets and of Capital Gains

The amortisation charge on buildings and equipment is treated as a deduction from the capital gains and gifts received for the relevant construction work. Buildings and equipment are fully amortised with a small balance remaining. 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 forward as restricted or unrestricted funds. Legacies, donations and other voluntary income are treated as income in the year that they are received, with the exception of earmarked donations, which will be carried forward if not fully spent on their earmarked purpose.

(d) Resources expended

All expenditure directly related to direct charitable expenditure, fundraising and publicity, and to management and administration has been separately identified in the accounting records.

2. TRUSTEES’ REMUNERATION AND EXPENSES

No remuneration or expenses were paid to any of the trustees.

10

3. FIXED ASSETS

3. FIXED ASSETS
Cost:
At 1.1.24
Additions in the year
At 31.12.24
Amortisation:
At 1.1.24
Charge for the year
At 31.12.24
At 31.12.24
At 31.12.23
Freehold land
Buildings
Equipment
Total
£
£
£
£
3,250
82,880
2,631
88,761
-
-
-
-
3,250
82,880
2,631
88,761
-
82,785
2,626
85,411
-
-
-
-
-
82,785
2,626
85,411
3,250
95
5
3,350
3,250
95
5
3,350

Note on the Freehold Land:

The freehold land is shown at the cost of acquisition in 1971 of the land together with buildings thereon; those buildings were demolished years ago. In the opinion of the trustees, the current value of the land is not less than the £3,250 shown above. Given the limited alternative use for the land, the trustees do not consider it appropriate to fair value the land on an ongoing basis and have therefore not chosen to adopt the accounting policy of revaluation.

4. DEBTORS

Grant from Clapham Consortium
Reimbursement of staff expenses
Prepaid Insurances
Other
2024
2023
£
£
2,500
-
832
-
2,444
2,417
(241)
100
5,535
2,517

5. CREDITORS

Utilities
Bike shed
Knights canoe training
2024
2023
£
£
-
-
529
-
316
-
845
-

11

WEY ISLAND TRUST

REPORTS AND ACCOUNTS

31 December 2024

Registered charity No. 271549

1

WEY ISLAND TRUST

ACCOUNTS

Year ended

31 December 2024

CONTENTS

Page
General Information 3
Report of the Committee of 4-6
Management/Trustees
Balance Sheet 7
Statements of fnancial activities 8-9
Notes to the accounts 10-11

2

WEY ISLAND TRUST

ACCOUNTS

Year ended 31 December 2024

GENERAL INFORMATION

Registered charity number 271549
Principle o�ice (since 18 November 109 Tierney Road
2020) Streatham
London
SW2 4QH
Committee of Management/ Trustees L.J.G. Andrews
E.L. Giles (Secretary)
R. Glassborow
A. Saunders
N. Skilton
M. Spiers
C.A. Young
C.R. Saunders (Chair)
R.C. Hole (Resigned July 2024)
N. Elliott (Treasurer) (Appointed July
2024)
Member organisations Clapham Youth Centre
Knights Youth Centre
DOST Centre for Young Refugees
Endeavour Youth Centre
Island managers (job share) D. Rusted
K. Sparks
C. Judd
Structure of the Committee of Chairman, Treasurer, Secretary,
management Member Organisations, Co-Opted
Members
Bankers Barclays Bank Plc
Southwark
London
SE1

3

WEY ISLAND TRUST

REPORT OF THE COMMITTEE OF MANAGEMENT/TRUSTEES

for the year ended 31 December 2024

The committee of management (‘the trustees’) present their report and the accounts for the year ended 31 December 2024.

Legal status and organisation

Until 11 July 2005, The Trust’s governing instrument was a Declaration of trust dated 28 May 1975. E�ective 11 July 2005, its governing statement became a Scheme, approved by the charity commissioners for England and Wales; The Scheme replaced the former trusts.

There are currently nine trustees whose names are listed on page 3. Management is in the hands of a Committee of Management which must hold at least two ordinary meetings in each year. The Committee is to include representatives of member organisations listed on the page 3. Any nominations for new member organisations or Co-opted members are subject to the approval of the Committee. All decisions are made by the committee.

Principle aims and objective

The chief objective of the trust is the provision of an out-of-town riverside facility for London based youth organisations listed on page 3. Wey Island mobilises volunteer support and raises funds from external sources- so we can o�er our facilities to youth groups at almost no cost, thereby ensuring that no child will miss out due to their family’s financial circumstances.

Activities

The trust owns a small, secluded area of land beside the river Wey near Weybridge, Surrey, which it acquired in 1976. The site has been substantially improved and developed over the years to provide river and recreational activities for children and young people. Buildings on site now consist of a clubhouse (with kitchen), a dormitory block, toilets/showers, and storage facilities for canoes and mountain bikes. The member clubs can each use the site for up to nine days each year during the months of April to September. The site and facilities are also let to other youth organisations when it is not being used by the member clubs.

4

Achievements and Performance

Wey island was used by nine di�erent youth groups during 2024. This included two groups working with child refugees and another who work solely with autistic children. Over the course of the year the island was used by just under 900 children.

AlixPartners who o�ered us some of their sta� time as part of their community support work.

Using a generous grant from two organisations Wey Island was also able to undertake some important maintenance work, including completely repainting all our buildings and storage units.

Financial Results (summary)

unrestricted budget surplus of £9,711 in the year ended 31 December 2024 (2023: unrestricted deficit £372). Restricted funds at 31 December 2024, available for bespoke spend in 2025 amounted to £11,389 (£8,056 at 31 December 2023).

Duties of the trustees

The duties of the trustees consist primarily 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 the site to 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 prepare accounts which give a true and fair view of the situation of the charity at the end of the financial year and of the surplus or deficit for that year. In addition, the trustees are responsible for ensuring that adequate accounting records are maintained for safeguarding the assets of the charity and hence for taking reasonable steps for prevention and detect detection of fraud and other irregularities.

been prepared on an ongoing basis and that suitable accounting policies, consistently applied and supported by reasonable and prudent judgments and estimates have been used in their preparation and that applicable accounting standards have been followed.

The charity's policy on reserves

In October 2024, The Committee of Management agreed a reserves policy for the Wey Island Trust. This policy was introduced because the trust now employs a part time

5

Island manager (7 hours a week job share) and therefore needs to ensure it has su�icient funds to cover any unexpected drop in income during any financial year.

Financial accountability and general risk assessment

The Committee of Management met quarterly during 2024. At each management committee meeting the treasurer provided a detailed update of spend/income against allocated budgets - identifying any variances.

The Committee of Management considers the risks associated with their duties and the site are adequately covered by insurance.

Given its current level of annual income, the Wey Island Trust appointed an independent examiner to review its financial processes. The independent examiner’s report (October 24) made recommendations to the Committee and the trust treasurer. Their report has been uploaded onto the Commission website.

In October 2024, Wey Island signed o� a reserves policy and will allocate the required level of strategic reserve with e�ect from 1 January 2025.

Signed by:

C.R. Saunders N. Elliott Chair Treasurer

6

Wey Island Trust

BALANCE SHEET

at 31 December 2024

Fixed assets (note 3)
Current assets
Bank deposit account
Bank current account
Debtors (note 4)
Current liabilities
Accured expenses (note 5)
Net current assets
Net assets
Funds
Restricted funds
Unrestricted funds
Capital grant from Dulverton Trust
Members' capital contributions
Income and Expenditure Account
Total Funds
31.12.24
31.12.23
£
£
3,350
3,350
6,267
6,174
23,721
12,943
5,535
2,517
35,523
21,634
845
0
845
0
34,678
21,634
38,028
24,984
11,389
8,056
2,000
2,000
1,830
1,830
22,809
13,098
26,639
16,928
38,028
24,984

Signed by:

Dated: 8 September 2024

C.R. Saunders N. Elliott Chair Treasurer

7

Wey Island Trust

STATEMENT OF FINANCIAL ACTIVITIES

Year ended 31 December 2024

Incoming Resources
Contributions from member clubs
Use of island by third parties
Gifts for dormitory repairs
Grant from Clapham Consortium
Grant from Violence Reduction unit (VRU)
Grant from St Barnabas Trust
Grant from Talboys
Grant from Lambeth DfE project
Gift from John Jackson Will Trust
Gifts under GiftAid
Other gifts received
ESC Lottery Fund
Sale of mower
Da’aro Youth Project and Volunteering
Interest received
Total incoming resources
Resources Expended
Direct charitable expenditure
Fundraising and publicity
Management and administration
Total resources expended
Net incoming/ (outgoing) resources for the year
Funds at 1 January
Funds at 31 December
2024
2023
Unrestricted
Restricted
Total
Total
£
£
£
£
3,000
-
3,000
3,000
385
-
385
800
-
-
-
10,000
3,750
-
3,750
3,750
6,659
-
6,659
4,994
-
-
-
1,400
5,000
-
5,000
-
2,112
-
2,112
-
4,000
-
4,000
-
6,250
-
6,250
5,000
-
-
-
487
-
5,845
5,845
-
-
-
-
180
2,351
-
2,351
-
143
-
143
58
33,650
5,845
39,495
29,669
23,618
2,512
26,130
24,454
105
-
105
31
216
-
216
216
23,939
2,512
26,451
24,701
9,711
3,333
13,044
4,968
13,098
8,056
21,154
16,186
22,809
11,389
34,198
21,154

8

Wey Island Trust

STATEMENT OF FINANCIAL ACTIVITIES

Year ended 31 December 2024 (continued)

Direct charitable expenditure
Staff costs
Salaries and allowances
Major projects and maintenance:
Construction of dormitory black
ESC Lottery Fund
New Shed
Maintenance of buildings and site:
Maintenance of buildings
Maintenance of site
Maintenance of mower and equipment
Mower (s/hand)
Bikes check
Supplies: new kitchen water heater
Supplies: lifebuoy and defibrillator
Other expenses:
Casual labour
Insurances
Electricity, water and calor gas
Volunteering expenses
Sundry expenses
Fundraising and publicity:
Website expenses
Management and administration:
Fundraising fees
Total expenditure
2024
2023
Unrestricted
Restricted
Total
£
£
£
7,906
-
7,240
7,906
-
7,240
-
-
9,440
-
529
-
-
1,983
-
-
2,512
9,440
7,288
-
41
550
-
520
1,601
-
443
162
-
663
400
-
-
-
-
187
-
-
544
10,001
-
2,398
-
400
3,258
-
3,186
1,323
-
1,775
689
-
-
442
-
15
5,712
-
5,376
105
-
31
216
-
216
23,939
2,512
24,701

9

Wey Island Trust

NOTES TO THE ACCOUNTS

For the year ended 31 December 2024

1. ACCOUNTING POLICIES

(a) Basis of accounting

The accounts are prepared under the historical cost convention and in accordance with the Charities SORP (FRSSE) 2015 as updated October 2019, and applicable accounting standards.

(b) Amortisation of Fixed Assets and of Capital Gains

The amortisation charge on buildings and equipment is treated as a deduction from the capital gains and gifts received for the relevant construction work. Buildings and equipment are fully amortised with a small balance remaining. 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 forward as restricted or unrestricted funds. Legacies, donations and other voluntary income are treated as income in the year that they are received, with the exception of earmarked donations, which will be carried forward if not fully spent on their earmarked purpose.

(d) Resources expended

All expenditure directly related to direct charitable expenditure, fundraising and publicity, and to management and administration has been separately identified in the accounting records.

2. TRUSTEES’ REMUNERATION AND EXPENSES

No remuneration or expenses were paid to any of the trustees.

10

3. FIXED ASSETS

3. FIXED ASSETS
Cost:
At 1.1.24
Additions in the year
At 31.12.24
Amortisation:
At 1.1.24
Charge for the year
At 31.12.24
At 31.12.24
At 31.12.23
Freehold land
Buildings
Equipment
Total
£
£
£
£
3,250
82,880
2,631
88,761
-
-
-
-
3,250
82,880
2,631
88,761
-
82,785
2,626
85,411
-
-
-
-
-
82,785
2,626
85,411
3,250
95
5
3,350
3,250
95
5
3,350

Note on the Freehold Land:

The freehold land is shown at the cost of acquisition in 1971 of the land together with buildings thereon; those buildings were demolished years ago. In the opinion of the trustees, the current value of the land is not less than the £3,250 shown above. Given the limited alternative use for the land, the trustees do not consider it appropriate to fair value the land on an ongoing basis and have therefore not chosen to adopt the accounting policy of revaluation.

4. DEBTORS

Grant from Clapham Consortium
Reimbursement of staff expenses
Prepaid Insurances
Other
2024
2023
£
£
2,500
-
832
-
2,444
2,417
(241)
100
5,535
2,517

5. CREDITORS

Utilities
Bike shed
Knights canoe training
2024
2023
£
£
-
-
529
-
316
-
845
-

11

E

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees
On accounts for the year
ended
Set out on pages
Charity Name
Wey Island Trust
Charity Name
Wey Island Trust
Charity Name
Wey Island Trust
31/12/2024 Charity no
(if any)
271549
1-2
(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:

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.

Signed: Date: 31/10/2025 Name: Neil Cox Relevant professional Fellow of the Institute and Faculty of Actuaries qualification(s) or body (if any): Address: Grasmere, Buxton Road, Macclesfield, SK11 0PS

1

Oct 2018

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 There are no material areas of concern identified which could impact the any items that the Charity Commission’s ability to carry out its regulatory functions. examiner wishes to disclose .

2

Oct 2018

IER