THE SWANAGE RAILWAY TRUST

Registered charity 1087318 · accounts filings on the Charity Commission register

The Trust's principal objectives are:1) To preserve and restore for the public benefit items of historical, architectural, engineering or scientific value in connection with railways; and2) To advance the education of the public in the history and development of railway transportation.

Causes: Environment/conservation/heritage · website · Get email alerts

Latest income
£4.1m
Latest spending
£3.3m
Registered
2001
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that consolidated funds increased to £7,427,291, with free reserves calculated at £1,277,222 after deducting fixed assets and restricted balances. The trustees note a requirement for a high level of reserves due to substantial investment in fixed assets and the trading subsidiary. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Trading income (74% of income)
“Total income from activities in Company 3,034,808”
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: a high level of reserves (held: £1.3m)
“The Group has a requirement for a high level of reserves due to its large investment in fixed assets and its trading subsidiary and for setting aside resources for future projects.” — page 9
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Supplier with trustee shareholding
“As stated in note 22, four trustees/directors have a shareholding in the parent of the Southern Locomotives Group, which is used by the Swanage Railway Group as a supplier. During the year, there was transactions totalling £115,000 (2024: £156,000) with £6,000 (2024: £12,000) outstanding at year end.” — page 31
“Trustees donated amounts totalling £281 (2024: £700) of which £0 (2024: £400) was donated towards the T3 appeal. The remaining donations were without conditions.” — page 31
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustee donations
“As stated in note 22, four trustees/directors have a shareholding in the parent of the Southern Locomotives Group, which is used by the Swanage Railway Group as a supplier. During the year, there was transactions totalling £115,000 (2024: £156,000) with £6,000 (2024: £12,000) outstanding at year end.” — page 31
“Trustees donated amounts totalling £281 (2024: £700) of which £0 (2024: £400) was donated towards the T3 appeal. The remaining donations were without conditions.” — page 31
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Swanage Railway Company Limited
“The Swanage Railway Trust holds a controlling interest in the Swanage Railway Company Limited, which assists the Trust in meeting its objectives by operating the Swanage Railway and undertaking the associated trading activities.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by MC Audit Limited. Discloses 5 of 6 completeness components.

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.

Property (HM Land Registry)

6 registered titles in England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £62k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/01/2025)

Total income
£4.1m
Total spending
£3.3m
Cost of raising funds
£19k
Reserves (reported)
£1.3m
Employees
32

Reported reserves equal ~4.6 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, cost of raising funds: 0.5% of total income — below the median for charities its size (5.2%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Dorset

Income and spending

Financial year endIncomeSpending
31/01/2025£4.1m£3.3m
31/01/2024£3.9m£3.6m
31/01/2023£3.4m£3.6m
31/01/2022£3.4m£2.7m
31/01/2021£2.1m£3.3m

Common questions

Is THE SWANAGE RAILWAY TRUST financially healthy?

Per its FY2025 accounts: The accounts state that consolidated funds increased to £7,427,291, with free reserves calculated at £1,277,222 after deducting fixed assets and restricted balances. The trustees note a requirement for a high level of reserves due to substantial investment in fixed assets and the trading subsidiary. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by MC Audit Limited.

Who funds THE SWANAGE RAILWAY TRUST?

Funders whose own accounts filings name THE SWANAGE RAILWAY TRUST as a grant recipient include M J CAMP CHARITABLE FOUNDATION.

Known funders

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

FunderYearAmountPurpose (as stated by the funder)
M J CAMP CHARITABLE FOUNDATIONFY2024£10k

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund13/10/2021£24k"Transforming Swanage Railway Corfe Museum for the 2020's - Phase 1"
UK government—£2kFinancial Assistance/Support

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.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with VINTAGE TRAINS CHARITABLE TRUST.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE SWANAGE RAILWAY TRUST£4.1m—0unclear—no doubt
VINTAGE TRAINS CHARITABLE TRUST FY2025£3.6m——below—no doubt
THE DAVID CLARKE RAILWAY TRUST FY2025£1.6m—0unclear—no doubt
PHYLLIS RAMPTON NARROW GAUGE RAILWAY TRUST FY2024£2.3m——unclear—no doubt
THE LYNTON AND BARNSTAPLE RAILWAY TRUST FY2024£1.9m—0above—no doubt
CHINNOR AND PRINCES RISBOROUGH RAILWAY ASSOCIATION LIMITED FY2025£200k—0above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.