FFESTINIOG RAILWAY SOCIETY
Latest income
£425k
Latest spending
£804k
Registered
1997
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity ended the financial year in a strong financial position with total net assets of £2,769,409. Per the trustees' report, unrestricted reserves of £412,470 are considered healthy and exceed the stated policy target of £114,000, representing twelve months of general fund expenditure.
What the accounts disclose
Reserves policy: twelve months of general fund expenditure... amounting to a sum of £114,000 (held: £412k)
“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 £114,000.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Society made donations totalling £651,849 to The Festiniog Railway Company, a related party.
“During the year, the Ffestiniog Railway Society made donations totalling £651,849 (2023: £506,725) to The Festiniog Railway Company.” — page 27
“at the year end the Festiniog Railway Company amount owed to the Society stood at £27,000 (2023: £27,000), with this amount being included within debtors on the balance sheet.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Festiniog Railway Company owed the Society £27,000 at year end.
“During the year, the Ffestiniog Railway Society made donations totalling £651,849 (2023: £506,725) to The Festiniog Railway Company.” — page 27
“at the year end the Festiniog Railway Company amount owed to the Society stood at £27,000 (2023: £27,000), with this amount being included within debtors on the balance sheet.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Society retained funds on behalf of related groups (Dee & Mersey and FR Heritage) amounting to £14,094.
“During the year, the Ffestiniog Railway Society made donations totalling £651,849 (2023: £506,725) to The Festiniog Railway Company.” — page 27
“at the year end the Festiniog Railway Company amount owed to the Society stood at £27,000 (2023: £27,000), with this amount being included within debtors on the balance sheet.”
Per its FY2024 accounts as filed with the Charity Commission.
Corporate structure
- Registered company of the charity Companies House 00542449
Structured financials (annual return, FY ending 30/09/2024)
Total income
£461k
Total spending
£766k
Reserves (reported)
£2.8m
Employees
0
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?
The accounts state that the charity ended the financial year in a strong financial position with total net assets of £2,769,409. Per the trustees' report, unrestricted reserves of £412,470 are considered healthy and exceed the stated policy target of £114,000, representing twelve months of general fund expenditure. Its FY2024 accounts were audited by Champion Accountants LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MICHAEL UREN FOUNDATION | 1 | £819k |
| THE ARMIGER FOUNDATION | 1 | £186k |
| THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENT | 1 | £28k |
| THE FAIRFIELD CHARITABLE TRUST | 1 | £15k |
| THE NINESQUARE TRUST | 1 | £5k |
| THE ASTOR FOUNDATION | 1 | £1k |