BALA LAKE RAILWAY TRUST
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.
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.
What the accounts disclose
“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
“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
“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
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Safeguarding policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
Property (HM Land Registry)
Register events
- Received assets from another charity (23/06/2020)
Trustees
- JULIAN PETER CHARLES BIRLEYchair
- CHRISTINA KENNEDY
- ROGER HINE
- SQUADRON LEADER TOBY KENNETH WATKINS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 01/06/2020 | £48k | "COVID19: Bala Lake Railway / Rheilffordd Llyn Tegid" |
| The National Lottery Heritage Fund | 24/03/2017 | £36k | "Red Dragon - Covered Accommodation for Rolling Stock Restoration and Storage" |