Finance Score: -3

Governance Score: 0

Support Score: 3

Excess reserves: -3
Positive trading contribution: +2;Accounts filed more than 5 days late: -2 times

Narrow trustee age band: -2
Dynamic board: +3
Mainly male board: -1

Gov Income
Overall weighted support: +3

Overall GiG Score: 0

COWES TOWN WATERFRONT TRUST LIMITED

To promote the provision of facilities for recreation in the interest of social welfare and to advance sailing and watersports in the waters around Cowes, and in furtherance of this object to provide facilities for mooring and storage of boats.To promote the culture and heritage of Cowes and the Isle of Wight.To promote the protection and improvement of the environment of Cowes Harbour.

Analysis by Giving is Great

Positives:

The charity has received Government grants
More than half of total income was derived from trading and fees in the latest year
The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

The Board is predominantly male
The Board has little diversity in terms of age

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £4,991,667 available, equivalent to 36 months of spending and so may not be able to utilise additional funding
Accounts have been filed late on 2 occasions over the last 5 years and the current period appears to have been extended

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	*	£1,927	£1,644	£283	£0	£4,994	£4,992	36.4	18	0
31/03/22		£1,666	£1,406	£260	£0	£4,710	£4,710	40.2	18	0
31/03/21		£1,212	£1,233	£-22	£0	£4,659	£4,659	45.3	14	7
31/03/20	*	£1,715	£1,785	£-70	£0	£4,681	£4,874	32.8	16	7
31/03/19		£1,801	£1,739	£62	£0	£4,747	£4,747	32.8	16	0
31/03/18?		£2,170	£2,399	£-228	£0	£4,685	£4,685	23.4	17	0
31/10/16		£540	£555	£-15	£0	£6,675	£4,868	105.2	0	0
31/10/15		£512	£477	£34	£5	£6,690	£4,823	121.2	0	0
31/10/14?	*	£488	£282	£206	n/a	n/a	n/a	n/a	n/a	n/a
31/03/13		£427	£397	£30	n/a	n/a	n/a	n/a	n/a	n/a
31/03/12	*	£507	£483	£25	£5	£6,430	£4,349	108.1	0	0
31/03/11	*	£579	£511	£67	£3	£6,406	£4,265	100.1	0	0
31/03/10		£519	£363	£156	£4	£6,338	£4,138	136.7	0	0
31/03/09		£707	£392	£315	£4	£6,183	£3,922	120.1	0	0
31/03/08		£628	£333	£295	£4	£5,868	£3,548	127.7	0	0
31/03/07		£606	£345	£261	£5	£5,573	£3,193	111.1	0	0
31/03/06		£635	£328	£307	n/a	n/a	n/a	n/a	n/a	n/a
31/03/05		£984	£342	£642	n/a	n/a	n/a	n/a	n/a	n/a
31/03/04		£991	£340	£650	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 30%
Liabilities/Income: 111%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 36.4 months
Net Current Assets/Spending: 2 months
Quick Ratio: 0.9

Asset Split ?

Balance Sheet History

Established: 32 years

https://www.cowesyachthaven.com/about-us/ctwt

info@ctwt.co.uk

01983299975

Charity Commission for England and Wales

Tweets

Listed activities

Amateur Sport
Education/Training
Environment/Conservation/Heritage

GiG Classification

Museums, parks, historical sites

How it operates

Provides buildings/facilities/open space

Where it operates

Isle Of Wight,

Who it helps

The General Public/Mankind

Who supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (8)

Current Trustees appointed

Gender Split

Age Range of Trustees: 59-70

ANTHONY FRANCIS CHARLES LUCAS Appointed: 2023, Occupation: Management Consultant

JEREMY NIGEL DALE Appointed: 2019, Occupation: Director

JACQUELINE ANNE LOUISE RILEY Appointed: 2018, Occupation: Chartered Accountant

JULIAN TIMOTHY JAMES Appointed: 2022, Occupation: Insurance

MICHAEL CHARLES SHEPHERD Appointed: 2023, Occupation: Hotelier

MICHAEL GORDON SCOTT GREVILLE Appointed: 2018, Occupation: Solicitor

MICHAEL TIMOTHY ELSOM Appointed: 2023, Occupation: Consultant

ROSS PETER OWEN Appointed: 2018, Occupation: Chartered Surveyor

Legal constitution

Charitable company registered in England & Wales on 07/04/1993, number: 1019760
Registered at Companies House on 29/09/1992, number: 02751595

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

19 returns made; AR23: 6 days late, AR20: 38 days late, AR14: 109 days late, AR12: 19 days late, AR11: 135 days late,

Main office

COWES YACHT HAVEN LTD
VECTIS YARD
COWES
ISLE OF WIGHT
PO31 7BD

Objectives

4 The charity’s objects (‘Objects’) are:4.1 To promote for the benefit of the inhabitants of Cowes and the Isle of Wight the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interest of social welfare and with the object of improving the life of the said inhabitants and to advance sailing and water sports in the waters around Cowes, and in furtherance of this Object to provide facilities for mooring and storage of boats for the benefit of the public at large.4.2 To promote the culture and heritage of Cowes and support the maritime heritage of the Isle of Wight;4.3 To promote the protection and improvement of the environment of Cowes Harbour.

Defined Area of Benefit:

COWES, ISLE OF WIGHT

Data Sources

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