FFESTINIOG RAILWAY SOCIETY
The Society's objects are to advance the education of the public through conservationof the Ffestiniog Railway for the public benefit and through the promotion and encouragement of voluntary work in support of the Ffestiniog Railway.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net reduction in funds of £378,793 for the year, driven by significant grant support to the Ffestiniog Railway Company which outweighed incoming resources. Despite this deficit, the trustees consider the charity to remain in a good financial position with unrestricted reserves of £283,819, which exceed their stated policy target of £142,000.
What the accounts disclose
“the trustees consider that twelve months of general fund expenditure is an appropriate level of reserve to meet the day-to-day running costs of the charity including maintaining production of the in-house magazine and support for the running of the volunteer hostels, with this amounting to a sum of £142,000.”
“During the year, the Ffestiniog Railway Society made donations totalling £661,989 (2024: £651,849) to The Festiniog Railway Company.” — page 26
“The Society also had transactions with related groups and the Festiniog Railway Company during the year and, at the year end, the balance due from Festiniog Railway Company was £117,000 (2024: £27,000). This amount is included within debtors on the balance sheet and is interest-free.” — page 26
“During the year, the Ffestiniog Railway Society made donations totalling £661,989 (2024: £651,849) to The Festiniog Railway Company.” — page 26
“The Society also had transactions with related groups and the Festiniog Railway Company during the year and, at the year end, the balance due from Festiniog Railway Company was £117,000 (2024: £27,000). This amount is included within debtors on the balance sheet and is interest-free.” — page 26
Corporate structure
- Registered company of the charity Companies House 00542449
Company officers (Companies House)
- LEO, James Joseph on trustee list
- NEWHOUSE, Terence David on trustee list
- DEIGHAN, Anthony Peter on trustee list
- FRITH, Barnabas Webster on trustee list
- BENTLEY, Roger David on trustee list
- KNOWLES, Catherine Marie on trustee list
- GRAHAM-TAYLOR, Lyn Gore on trustee list
- SMITH, Nigel Clifford on trustee list
- COLE, Graham on trustee list
- BOND, Graham Paul on trustee list
- DAVIES, Gareth
Structured financials (annual return, FY ending 30/09/2024)
Trustees
- GRAHAM COLEchair
- Anthony Peter Deighan
- Barnabas Webster Frith
- Catherine Marie Knowles
- GRAHAM PAUL BOND
- James Joseph Leo
- Lyn Gore Graham-Taylor
- Nigel Clifford Smith
- PHILIP JAMES HAWKINS JP
- Roger David Bentley
- Terence David Newhouse
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £425k | £804k |
| 30/09/2024 | £504k | £766k |
| 30/09/2023 | £1.3m | £602k |
| 30/09/2022 | £1.1m | £365k |
| 30/09/2021 | £635k | £364k |
Common questions
Is FFESTINIOG RAILWAY SOCIETY financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net reduction in funds of £378,793 for the year, driven by significant grant support to the Ffestiniog Railway Company which outweighed incoming resources. Despite this deficit, the trustees consider the charity to remain in a good financial position with unrestricted reserves of £283,819, which exceed their stated policy target of £142,000. Its FY2025 accounts were audited by Champion Accountants LLP.
Charities like this
- THE FFESTINIOG AND WELSH HIGHLAND RAILWAYS TRUST (YMDDIRIEDOLAETH RHEILFFYRDD FFESTINIOG AC ERYRI)
- CHINNOR AND PRINCES RISBOROUGH RAILWAY ASSOCIATION LIMITED
- GREAT WESTERN SOCIETY LIMITED
- SOUTH TYNEDALE RAILWAY PRESERVATION SOCIETY
- PHYLLIS RAMPTON NARROW GAUGE RAILWAY TRUST
- WESTERN LOCOMOTIVE ASSOCIATION LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| FFESTINIOG RAILWAY SOCIETY | £425k | — | 0 | unclear | — | no doubt |
| THE FFESTINIOG AND WELSH HIGHLAND RAILWAYS TRUST (YMDDIRIEDOLAETH RHEILFFYRDD FFESTINIOG AC ERYRI) | £11.9m | — | 0 | unclear | — | no doubt |
| CHINNOR AND PRINCES RISBOROUGH RAILWAY ASSOCIATION LIMITED | £200k | — | 0 | above | — | no doubt |
| GREAT WESTERN SOCIETY LIMITED | £3.9m | — | 0 | below | — | no doubt |
| SOUTH TYNEDALE RAILWAY PRESERVATION SOCIETY | £297k | — | 0 | unclear | — | no doubt |
| PHYLLIS RAMPTON NARROW GAUGE RAILWAY TRUST | £2.3m | — | — | unclear | — | no doubt |