LINCOLNSHIRE WOLDS RAILWAY SOCIETY
To advance education for public benefit the preservation, maintenance and operation of the preserved railway known at the Lincolnshire Wolds Railway Ltd
Objects
TO ADVANCE EDUCATION FOR PUBLIC BENEFIT THE PRESERVATION, MAINTENANCE AND OPERATION OF THE PRESERVED HERITAGE RAILWAY KNOWN AS THE LINCOLNSHIRE WOLDS RAILWAY LIMITED.
Financial health, per its FY2024 accounts
The charity reported a net expenditure of £16,003 for the year, resulting in a decrease in total funds from £187,849 to £171,846. The trustees state the charity has no regular ongoing financial commitments and therefore does not need to retain a specific level of reserves. Unrestricted reserves stood at £116,570, providing a buffer against the current year's deficit.
What the accounts disclose
“The charity has no regular ongoing financial commitments and therefore does not need to retain a specific level of reserves” — page 3
“The trustees work closely with the directors of the Great Northern and East Lincolnshire Railway Limited, who operate the Lincolnshire Wolds Railway” — page 3
Trustees
- GLYN ARNOLDchair
- Andrea Suzanne Laister
- David Campbell Gilmour
- JOHN EDWARD MIMMACK
- Ken Ballard
- MAURICE LYNN
- MICHAEL JOHN BELLINI
- MICHAEL NEWHAM
- NEIL RICHARD VENTHAM
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £109k | £115k |
| 31/12/2023 | £177k | £203k |
| 31/12/2022 | £94k | £56k |
| 31/12/2021 | £126k | £79k |
| 31/12/2020 | £68k | £35k |
Common questions
Is LINCOLNSHIRE WOLDS RAILWAY SOCIETY financially healthy?
Per its FY2024 accounts: The charity reported a net expenditure of £16,003 for the year, resulting in a decrease in total funds from £187,849 to £171,846. The trustees state the charity has no regular ongoing financial commitments and therefore does not need to retain a specific level of reserves. Unrestricted reserves stood at £116,570, providing a buffer against the current year's deficit. Its FY2024 accounts were independently examined.