RHYL STEAM PRESERVATION TRUST
The Trust's objects are to preserve and operate the historic miniature steam trains on the Rhyl Miniature Railway, in the County of Denbighshire, for the benefit and education of future generations.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £289,483, which the trustees consider sufficient to cover annual costs without borrowing. The charity reported a net income increase and maintains adequate resources for the foreseeable future under the going concern basis.
What the accounts disclose
“The policy of the Trust is to build up sufficient reserves to enable at least these costs to be borne each year without the use of borrowing.” — page 6
“Justin Bell, a Trustee, received remuneration of £13,150 during the year in respect of his role as Railway Manager.” — page 14
“A Trustee has made a loan to the Trust, totalling to date £1,021 (2023: £18,067) . No interest is charged and there are no terms for repayment.” — page 4
“During the year, the Trust reimbursed Mr S Townsend, a Trustee, a total of £145,200 in respect of direct charitable expenditure paid on behalf of the charity.” — page 18
“A Trustee has made a loan to the Trust, totalling to date £1,021 (2023: £18,067) . No interest is charged and there are no terms for repayment.” — page 4
“During the year, the Trust reimbursed Mr S Townsend, a Trustee, a total of £145,200 in respect of direct charitable expenditure paid on behalf of the charity.” — page 18
“The Trust has a trading subsidiary company. Rhyl Miniature Railway Limited which was incorporated on 11th March 2022 and commenced to trade on 2nd April 2022.” — page 4
Trustees
- MR LES HUGHESchair
- CAROL HUGHES
- JUSTIN DAVID BELL
- LOUISE WEBSTER
- LUCILLE GREEN
- SIMON TREMAYNE TOWNSEND
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £159k | £174k |
| 31/12/2023 | £165k | £172k |
| 31/12/2022 | £164k | £164k |
| 31/12/2021 | £155k | £131k |
| 31/12/2020 | £99k | £109k |
Common questions
Is RHYL STEAM PRESERVATION TRUST financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves increased to £289,483, which the trustees consider sufficient to cover annual costs without borrowing. The charity reported a net income increase and maintains adequate resources for the foreseeable future under the going concern basis. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 16/09/2004 | £583k | "New Station and Museum Building for Rhyl Minature Railway" |
Charities like this
- WELSH HIGHLAND RAILWAY LIMITED
- WELSHPOOL AND LLANFAIR LIGHT RAILWAY PRESERVATION CO. LIMITED
- CYMDEITHAS RHEILFFORDD ERYRI
- SOUTH TYNEDALE RAILWAY PRESERVATION SOCIETY
- THE A1 STEAM LOCOMOTIVE TRUST
- THE FFESTINIOG AND WELSH HIGHLAND RAILWAYS TRUST (YMDDIRIEDOLAETH RHEILFFYRDD FFESTINIOG AC ERYRI)
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| RHYL STEAM PRESERVATION TRUST | £159k | — | 0 | unclear | — | no doubt |
| WELSH HIGHLAND RAILWAY LIMITED | £234k | — | 0 | unclear | — | no doubt |
| WELSHPOOL AND LLANFAIR LIGHT RAILWAY PRESERVATION CO. LIMITED | £1.2m | — | 0 | above | — | no doubt |
| CYMDEITHAS RHEILFFORDD ERYRI | £147k | — | 0 | above | — | no doubt |
| SOUTH TYNEDALE RAILWAY PRESERVATION SOCIETY | £297k | — | 0 | unclear | — | no doubt |
| THE A1 STEAM LOCOMOTIVE TRUST | £1.2m | — | 0 | unclear | — | no doubt |