DEAN FOREST RAILWAY SOCIETY
Latest income
£118k
Latest spending
£71k
Registered
2019
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that turnover decreased to £118,550 in 2024 from £131,740 in 2023, while expenditure increased to £71,343. Consequently, retained earnings reduced to £46,732, though the charity maintains a general reserve of £60,000 and reports no material uncertainties regarding its future operations.
What the accounts disclose
Reserves policy: £10,000 of unrestricted income per annum is set aside into a General Reserve fund (held: £60k)
“A reserve policy was introduced in 2019 following the incorporation of the DFRS as a CIO; £10,000 of unrestricted income per annum is set aside into a General Reserve fund, which will be invested when appropriate to provide a long-term source of income through interest.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The charity works closely with Forest of Dean Railway Limited, a not-for-profit company which owns the Dean Forest Railway. The charity is a ‘Person with significant control’ within the company, as it owns over 25% of the issued shares.
“The charity works closely with Forest of Dean Railway Limited, a not-for-profit company which owns the Dean Forest Railway. The charity is a ‘Person with significant control’ within the company, as it owns over 25% of the issued shares. We have a Memorandum of Understanding with the company which covers how we work together on delivering the Charity’s aims.”
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Forest of Dean Railway Limited
“The charity works closely with Forest of Dean Railway Limited, a not-for-profit company which owns the Dean Forest Railway. The charity is a ‘Person with significant control’ within the company, as it owns over 25% of the issued shares.”
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- ADAM JAMES WILLIAMS
- Adrian Paul Copley
- Alan Philip Grant
- David Churton
- Douglas William Johnson
- Harry Colley
- James Graham
- Lynne Elaine Wentworth
- Martin John Paul Hillier
- Richard Taylor
- Susan Williams
- TIMOTHY IAN McLENNAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £118k | £71k |
| 31/12/2023 | £132k | £63k |
| 31/12/2022 | £164k | £68k |
| 31/12/2021 | £139k | £88k |
| 31/12/2020 | £136k | £46k |
Common questions
Is DEAN FOREST RAILWAY SOCIETY financially healthy?
The accounts state that turnover decreased to £118,550 in 2024 from £131,740 in 2023, while expenditure increased to £71,343. Consequently, retained earnings reduced to £46,732, though the charity maintains a general reserve of £60,000 and reports no material uncertainties regarding its future operations.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MICHAEL UREN FOUNDATION | 1 | £819k |
| THE LIZ AND TERRY BRAMALL FOUNDATION | 1 | £40k |
| THE ANTHONY AND ELIZABETH MELLOWS CHARITABLE SETTLEMENT | 1 | £28k |
| THE FAIRFIELD CHARITABLE TRUST | 1 | £15k |
| THE NINESQUARE TRUST | 1 | £5k |
| THE ASTOR FOUNDATION | 1 | £1k |
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