THE LYNTON AND BARNSTAPLE RAILWAY TRUST
Financial health, per its FY2024 accounts
The charity reported an operating surplus of £280,033 for the year ended 31 December 2024, driven largely by increased legacies. The trustees consider the financial position satisfactory and have confirmed the appropriateness of the going concern basis of accounting. However, the independent auditors issued a qualified opinion because they were unable to verify the valuations of land and rolling stock.
What the accounts disclose
“unrestricted funds not committed or invested in tangible fixed assets or fixed asset investment held by the charity should be sufficient to cover administrative expenses and the servicing of membership commitments for a period of twelve months. This would indicate that unrestricted cash reserves of around £17,000 should be in place.” — page 5
“The charity has two trading subsidiaries. The Lynton and Barnstaple Railway Community Interest Company operates the narrow-gauge railway at Woody Bay. The L&B Blackmoor Company Plc operates the Old Station Inn public house trading at Blackmoor Gate.” — page 4
Corporate structure
- Registered company of the charity Companies House 04040633
- Trading subsidiary: L&B BLACKMOOR COMPANY PLC Companies House 09678253
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (23/06/2020)
Trustees
- PETER MILESchair
- CHARLES EDWIN SUMMERS
- Giles Perkins
- John Barton
- MARTIN EDWIN GEORGE SWAINSON
- Michael Whiteaker
- Paul Curson
- Richard Barry Auger
- Robert Geoffrey Prosser
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.9m | £1.6m |
| 31/12/2023 | £1.5m | £1.3m |
| 31/12/2022 | £1.5m | £666k |
| 31/12/2021 | £945k | £252k |
| 31/12/2020 | £451k | £294k |
Common questions
Is THE LYNTON AND BARNSTAPLE RAILWAY TRUST financially healthy?
The charity reported an operating surplus of £280,033 for the year ended 31 December 2024, driven largely by increased legacies. The trustees consider the financial position satisfactory and have confirmed the appropriateness of the going concern basis of accounting. However, the independent auditors issued a qualified opinion because they were unable to verify the valuations of land and rolling stock. Its FY2024 accounts were audited by Fawley Judge & Easton.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE LIZ AND TERRY BRAMALL FOUNDATION | 1 | £40k |
| THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED | 1 | £21k |
| THE LILLYWHITE FAMILY TRUST | 1 | £1k |
| THE HELEN JEAN COPE CHARITY | 1 | £500 |