VALE OF RHEIDOL RAILWAY LIMITED
Financial health, per its FY2022 accounts
The accounts state that the charity generated a net surplus of £9,829,594 for the year ended 31 December 2022, resulting in total unrestricted funds of £12,620,446. The trustees do not expect to generate long-term reserves, stating that any surplus is expected to be attributed to future maintenance or development projects. The auditor confirmed that there were no material uncertainties relating to the group's ability to continue as a going concern.
What the accounts disclose
“The charity has been supported by the Phyllis Rampton Narrow Gauge Railway Trust (the charity's parent entity) in restoration work on engines and carriages and in improving public access to the railway in Aberystwyth.” — page 6
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Dr Clive Richard Higgs
- Jonathan Nichol McKie
- PHILIP JOHN NEVILLE ELLIS
- Patrick Keef
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.1m | £1.9m |
| 31/12/2023 | £2.4m | £1.9m |
| 31/12/2022 | £11.1m | £1.3m |
| 31/12/2021 | £1.6m | £825k |
| 31/12/2020 | £348k | £488k |
Common questions
Is VALE OF RHEIDOL RAILWAY LIMITED financially healthy?
The accounts state that the charity generated a net surplus of £9,829,594 for the year ended 31 December 2022, resulting in total unrestricted funds of £12,620,446. The trustees do not expect to generate long-term reserves, stating that any surplus is expected to be attributed to future maintenance or development projects. The auditor confirmed that there were no material uncertainties relating to the group's ability to continue as a going concern. Its FY2022 accounts were audited by MMO Limited.