BALA LAKE RAILWAY TRUST

Registered charity 1151841 · accounts filings on the Charity Commission register

To advance enjoyment, education and learning and to promote regional public benefit through the restoration, maintenance and exhibition by operation steam locomotives, rolling stock and other railway artefacts directly associated with the slate industry of north Wales and in particular those regions of Dinorwic and Penrhyn.

Objects

THE OBJECTS OF THE CHARITY ARE TO ADVANCE EDUCATION AND LEARNING AND TO PROMOTE PUBLIC BENEFIT THROUGH THE PRESERVATION, RESTORATION, MAINTENANCE AND EXHIBITION OF STEAM RAILWAY LOCOMOTIVES AND OTHER RAILWAY ARTEFACTS, ESTABLISHING FACILITIES FOR THE SAFE-KEEPING AND EXHIBITION OF THEM AND THE PROVISION OF INFORMATION AND EDUCATION ABOUT THE HISTORY OF SUCH LOCOMOTIVES AND OTHER RAILWAY ARTEFACTS DIRECTLY ASSOCIATED WITH THE SLATE INDUSTRY OF NORTH WALES AND IN PARTICULAR THOSE REGIONS OF DINORWIC AND PENRHYN. IT IS TO ESTABLISH FACILITIES FOR THE SUSTAINABLE SAFE KEEPING AND EXHIBITION OF THEM AND THE PROVISION OF INFORMATION FOR EDUCATION AND LEARNING ABOUT THE HISTORY OF SUCH LOCOMOTIVES, ROLLING STOCK AND ASSOCIATED ARTEFACTS OF THE SLATE INDUSTRY.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Arts/culture/heritage/science · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£115k
Latest spending
£82k
Registered
2013
Accounts read
FY2026

Financial health, per its FY2026 accounts

The accounts state that free reserves stood at £37,859, which is above the stated policy minimum of £500. The charity reported a net income increase for the year, supported by grants and donations, while maintaining unrestricted funds sufficient to cover general expenditure.

Automated summary of the FY2026 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: minimum of £500 (held: £38k)
“The Trustees have a policy to hold reserves for general use of a minimum of £500, being sufficient to cover general expenditure in the event of an emergency.” — page 7
Per its FY2026 accounts as filed with the Charity Commission.
Related-party transaction: Commitment of £50,000 for flood defences work is a related party transaction because Julian Birley is also a director of the Bala Lake Railway Limited.
“The commitment of £50,000 (see page 5) is noted as a related party transaction because Julian Birley is also a director of the Bala Lake Railway Limited.” — page 7
“Donations received from Capital Returns Trustees Limited are noted as related party transactions because Christina Kennedy is the ultimate beneficial owner of the company.” — page 7
Per its FY2026 accounts as filed with the Charity Commission.
Related-party transaction: Donations received from Capital Returns Trustees Limited are noted as related party transactions because Christina Kennedy is the ultimate beneficial owner of the company.
“The commitment of £50,000 (see page 5) is noted as a related party transaction because Julian Birley is also a director of the Bala Lake Railway Limited.” — page 7
“Donations received from Capital Returns Trustees Limited are noted as related party transactions because Christina Kennedy is the ultimate beneficial owner of the company.” — page 7
Per its FY2026 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Public fundraising profile: JustGiving — Bala Lake Railway Trust (matched by registered charity number).

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Register events

Trustees · trustee networks

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

Operates in: Gwynedd

Income and spending

Financial year endIncomeSpending
30/04/2026£115k£82k
30/04/2025£72k£35k
30/04/2024£75k£85k
30/04/2023£111k£235k
30/04/2022£84k£112k

Common questions

Is BALA LAKE RAILWAY TRUST financially healthy?

Per its FY2026 accounts: The accounts state that free reserves stood at £37,859, which is above the stated policy minimum of £500. The charity reported a net income increase for the year, supported by grants and donations, while maintaining unrestricted funds sufficient to cover general expenditure. Its FY2026 accounts were independently examined.

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund01/06/2020£48k"COVID19: Bala Lake Railway / Rheilffordd Llyn Tegid"
The National Lottery Heritage Fund24/03/2017£36k"Red Dragon - Covered Accommodation for Rolling Stock Restoration and Storage"