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MODERN ELECTRIC TRAMWAYS LIMITED

Registered charity 1164157 · accounts filings on the Charity Commission register · also known as MODERN ELECTRIC TRAMWAYS, SEATON TRAMWAYS

Seaton Tramway provides a link back to the heritage of branch lines and epitomizes the post-war development of domestic leisure and tourism. Today the Tramway has a unique role in connecting Seaton and the Jurassic Coast with the environmental assets of the Axe Valley.

Causes: General Charitable Purposes · Education/training · Arts/culture/heritage/science · Environment/conservation/heritage · website · Get email alerts

Latest income
£2.0m
Latest spending
£2.3m
Registered
2015
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that the charity reported a net deficit of £184,532 for the year ended 31 December 2022, resulting in total unrestricted reserves of £5,837,838. The trustees maintain a reserves policy to hold funds in excess of six weeks of operational costs to manage seasonal fluctuations. Per the trustees' report, the charity continues to monitor cash flow daily amidst rising inflation and economic uncertainty.

Automated summary of the FY2022 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: in excess of six weeks (held: £5.8m)
“the charity endeavours to maintain suitable reserves that will allow continued charitable and trading operations in excess of six weeks, in the event of seasonal fluctuations in visitor numbers or other extraordinary circumstances.” — page 13
Per its FY2022 accounts as filed with the Charity Commission.

Accounts audited by Westcotts (SW) LLP. Discloses 4 of 6 completeness components.

Public fundraising profile: JustGiving — Seaton Tramway (matched by registered charity number).

Structured financials (annual return, FY ending 31/12/2024)

Total income
£2.0m
Total spending
£2.3m
Cost of raising funds
£629k
Reserves (reported)
£0
Employees
59

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Devon · Dorset · Somerset

Income and spending

Financial year endIncomeSpending
31/12/2024£2.0m£2.3m
31/12/2023£2.0m£1.9m
31/12/2022£1.6m£1.9m
31/12/2021£2.2m£1.7m
31/12/2020£1.5m£1.2m

Common questions

Is MODERN ELECTRIC TRAMWAYS LIMITED financially healthy?

Per its FY2022 accounts: The accounts state that the charity reported a net deficit of £184,532 for the year ended 31 December 2022, resulting in total unrestricted reserves of £5,837,838. The trustees maintain a reserves policy to hold funds in excess of six weeks of operational costs to manage seasonal fluctuations. Per the trustees' report, the charity continues to monitor cash flow daily amidst rising inflation and economic uncertainty. Its FY2022 accounts were audited by Westcotts (SW) LLP.

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund04/12/2024£89k"Discovering Seaton’s Changing Jurassic Past, and Future"
The National Lottery Heritage Fund06/07/2020£49k"COVID19"
The National Lottery Heritage Fund20/06/2017£465k"Seaton Tramway - Travels through Heritage and the Axe Valley"