REGISTERED COMPANY NUMBER: 03874643 (England and Wales)

REGISTERED CHARITY NUMBER: 1079319

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Withymoor Island Trust Limited

Page

Report of the Trustees

1

Independent Examiner's Report

2

Statement of Financial Activities

3

Balance Sheet

4

to

5

Notes to the Financial Statements

6

to

10

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03874643 (England and Wales)

Registered Charity number

1079319

Registered office

Withymoor Island

Halesowen Road

Dudley

West Midlands

DY2 9PU

Trustees

D R E Wheeler Director

Company Secretary

Ms L O'Connor

Independent Examiner

Attwoods

Chartered Certified Accountants

182 Worcester Road

Bromsgrove

Worcestershire

B61 7AZ

Approved by order of the board of trustees on 17 October 2025 and signed on its behalf by:

D R E Wheeler - Trustee

Independent examiner's report to the trustees of Withymoor Island Trust Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Ben Newbury, FCCA

Attwoods

Chartered Certified Accountants

182 Worcester Road

Bromsgrove

Worcestershire

B61 7AZ

Date: .............................................

31.3.25

31.3.24

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

5,711

1,384

EXPENDITURE ON

Raising funds

2

1,648

1,727

NET INCOME/(EXPENDITURE)

4,063

(343

)

RECONCILIATION OF FUNDS

Total funds brought forward

123,269

123,612

TOTAL FUNDS CARRIED FORWARD

127,332

123,269

31.3.25

31.3.24

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

6

120,387

120,965

CURRENT ASSETS

Debtors

7

3,700

175

Cash at bank

17,805

18,083

21,505

18,258

CREDITORS

Amounts falling due within one year

8

(1,679

)

(1,650

)

NET CURRENT ASSETS

19,826

16,608

TOTAL ASSETS LESS CURRENT LIABILITIES

140,213

137,573

CREDITORS

Amounts falling due after more than one year

9

(12,881

)

(14,304

)

NET ASSETS

127,332

123,269

FUNDS

11

Unrestricted funds

127,332

123,269

TOTAL FUNDS

127,332

123,269

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 17 October 2025 and were signed on its behalf by:

D R E Wheeler - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.	RAISING FUNDS

Raising donations and legacies

31.3.25

31.3.24

£

£

Support costs

1,648

1,727

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.25

31.3.24

£

£

Depreciation - owned assets

578

578

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

1,384

EXPENDITURE ON

Raising funds

1,727

NET INCOME/(EXPENDITURE)

(343

)

RECONCILIATION OF FUNDS

Total funds brought forward

123,612

TOTAL FUNDS CARRIED FORWARD

123,269

6.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2024 and 31 March 2025

134,229

DEPRECIATION

At 1 April 2024

13,264

Charge for year

578

At 31 March 2025

13,842

NET BOOK VALUE

At 31 March 2025

120,387

At 31 March 2024

120,965

7.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Loan to Withymoor Island Ltd

3,700

175

8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts (see note 10)

1,679

1,650

9.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 10)

12,881

14,304

10.

LOANS

The bank loans are secured by means of charges over the land and buildings.

11.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

123,269

4,063

127,332

TOTAL FUNDS

123,269

4,063

127,332

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

5,711

(1,648

)

4,063

TOTAL FUNDS

5,711

(1,648

)

4,063

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

123,612

(343

)

123,269

TOTAL FUNDS

123,612

(343

)

123,269

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

1,384

(1,727

)

(343

)

TOTAL FUNDS

1,384

(1,727

)

(343

)

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.4.23

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

123,612

3,720

127,332

TOTAL FUNDS

123,612

3,720

127,332

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

7,095

(3,375

)

3,720

TOTAL FUNDS

7,095

(3,375

)

3,720

12.	RELATED PARTY DISCLOSURES

The company is a registered charity (no 1079319) formed to preserve, maintain in good order and improve the canal basin and adjacent land known as Withymoor Exchange Basin, Netherton, Dudley, West Midlands for the use and benefit of the public. The charity has financial connections with a supporting company Withymoor Island Limited (no 03998231) from which it receives covenanted income.