Charity Accounts Intelreading the accounts so you don’t have to

WEST SOMERSET RAILWAY ASSOCIATION

Registered charity 1041901 · accounts filings on the Charity Commission register · also known as W S R A

Latest income
£1.4m
Latest spending
£629k
Registered
1994
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total group income exceeded expenditure by £140,000, resulting in an increase in total reserves from £2.216m to £2.356m. The trustees report that the charity has sufficient unrestricted reserves to sustain current expenditure for at least three months (£99,400).

What the accounts disclose

Reserves policy: three months of unrestricted expenditure (held: £2.4m)
“The Association has sufficient reserves to sustain its current expenditure for at least three months (£99,400).” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Intercompany bad debt write-off
“During the year the charity wrote off £1,049 (2023: £nil) of an irrecoverable intercompany bad debt. At 31 March 2024, the trading subsidiary owed £93 (2023: £21,933) to the charity.”
“During the year the charity invoiced the trading subsidiary £6,000 (2023: £Nil) for staff, land and equipment hire for the Steam Rally event.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Intercompany invoice for staff and equipment hire
“During the year the charity wrote off £1,049 (2023: £nil) of an irrecoverable intercompany bad debt. At 31 March 2024, the trading subsidiary owed £93 (2023: £21,933) to the charity.”
“During the year the charity invoiced the trading subsidiary £6,000 (2023: £Nil) for staff, land and equipment hire for the Steam Rally event.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Profit distribution from subsidiary
“During the year the charity wrote off £1,049 (2023: £nil) of an irrecoverable intercompany bad debt. At 31 March 2024, the trading subsidiary owed £93 (2023: £21,933) to the charity.”
“During the year the charity invoiced the trading subsidiary £6,000 (2023: £Nil) for staff, land and equipment hire for the Steam Rally event.”
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: WSRA (Promotions) Limited, WSRA Steam Rally Ltd
“The group comprising West Somerset Railway Association ('the charity') and its subsidiary undertakings, WSRA (Promotions) Limited and WSRA Steam Rally Ltd”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Public fundraising profile: JustGiving — WSRA (matched by registered charity number).

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.4m
Total spending
£629k
Cost of raising funds
£154k
Reserves (reported)
£2.7m
Employees
3

Reported reserves equal ~51.6 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Somerset

Income and spending

Financial year endIncomeSpending
31/03/2025£1.4m£629k
31/03/2024£538k£398k
31/03/2023£376k£354k
31/03/2022£633k£274k
31/03/2021£373k£313k

Common questions

Is WEST SOMERSET RAILWAY ASSOCIATION financially healthy?

The accounts state that total group income exceeded expenditure by £140,000, resulting in an increase in total reserves from £2.216m to £2.356m. The trustees report that the charity has sufficient unrestricted reserves to sustain current expenditure for at least three months (£99,400). Its FY2024 accounts were independently examined.

Who funds WEST SOMERSET RAILWAY ASSOCIATION?

Funders whose own accounts filings name WEST SOMERSET RAILWAY ASSOCIATION as a grant recipient include THE MICHAEL UREN FOUNDATION, THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENT, THE FAIRFIELD CHARITABLE TRUST, THE NINESQUARE TRUST, THE ASTOR FOUNDATION.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmount
THE MICHAEL UREN FOUNDATIONFY2024£500k
THE MICHAEL UREN FOUNDATIONFY2023£219k
THE MICHAEL UREN FOUNDATIONFY2025£100k
THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENTFY2023£28k
THE FAIRFIELD CHARITABLE TRUSTFY2022£10k
THE NINESQUARE TRUSTFY2024£5k
THE FAIRFIELD CHARITABLE TRUSTFY2025£5k
THE ASTOR FOUNDATIONFY2025£1k
THE FAIRFIELD CHARITABLE TRUSTFY2023£0

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund16/04/2007£7k"A Project To Refurbish The Workshop Area Of This Museum In Somerset Which Will Then Be Used To Display A Restored Victorian Sleeping Carriag"
The National Lottery Heritage Fund24/11/2005£3k"A Building On Watchet Station Will Be Restored So That It Can Be Used By People Travelling On The Railways And As An Educational And Heritag"
The National Lottery Heritage Fund05/05/2005£23k"The Steaming Back Project"

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED1£21k
THE CLARE MILNE TRUST1£10k
THE LILLYWHITE FAMILY TRUST1£1k
SCHRODER CHARITY TRUST1£500

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with FFESTINIOG RAILWAY SOCIETY.