THE FFESTINIOG AND WELSH HIGHLAND RAILWAYS TRUST (YMDDIRIEDOLAETH RHEILFFYRDD FFESTINIOG AC ERYRI)
Latest income
£11.9m
Latest spending
£11.9m
Registered
1966
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that total income decreased to £11.9 million in 2025 from £12.9 million in 2024, resulting in a slight net expenditure of £1,974. However, unrestricted reserves remained robust at over £10 million, and the trustees confirmed that unrestricted funds are sufficient to meet commitments and foreseeable calls on funds.
What the accounts disclose
Related-party transaction: The Trust made grants to its subsidiary companies, The Festiniog Railway Company and Ffestiniog Railway Holdings Ltd.
“During the year the trust made a number of grants for charitable purposes, all of which were in connection with the above mentioned companies. Further details of grants committed and paid during the year can be found in Note 8 to these accounts.”
“A donation of £275,000 was paid to the Trust by Ffestiniog Holdings Ltd in 2025 (2024:£310,000).”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Ffestiniog Railway Holdings Ltd paid a donation to the Trust.
“During the year the trust made a number of grants for charitable purposes, all of which were in connection with the above mentioned companies. Further details of grants committed and paid during the year can be found in Note 8 to these accounts.”
“A donation of £275,000 was paid to the Trust by Ffestiniog Holdings Ltd in 2025 (2024:£310,000).”
Per its FY2025 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2025)
Total income
£11.9m
Total spending
£11.9m
Cost of raising funds
£11.1m
Reserves (reported)
£10.2m
Employees
130
Register events
- Received assets from another charity (23/06/2020)
Trustees
- Dr JOHN DENYS CHARLES ANSTICE PRIDEAUX CBEchair
- David Richard Jones
- Dr David Rhys Gwyn OBE
- Nigel Ferrier Burbidge
- Richard Broyd
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £11.9m | £11.9m |
| 31/12/2024 | £12.9m | £13.0m |
| 31/12/2023 | £13.2m | £11.8m |
| 31/12/2022 | £8.2m | £7.9m |
| 31/12/2021 | £6.6m | £5.8m |
Common questions
Is THE FFESTINIOG AND WELSH HIGHLAND RAILWAYS TRUST (YMDDIRIEDOLAETH RHEILFFYRDD FFESTINIOG AC ERYRI) financially healthy?
The accounts state that total income decreased to £11.9 million in 2025 from £12.9 million in 2024, resulting in a slight net expenditure of £1,974. However, unrestricted reserves remained robust at over £10 million, and the trustees confirmed that unrestricted funds are sufficient to meet commitments and foreseeable calls on funds. Its FY2025 accounts were audited by Williams Denton Cyf.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 13/07/2020 | £250k | "COVID19 Ffestiniog Railway Company" |
| The National Lottery Heritage Fund | 27/11/2019 | £3.9m | "Interpretation and Boston Lodge Project" |
| The National Lottery Heritage Fund | 20/02/2017 | £464k | "Ffestiniog and Welsh Highland Railways heritage skills trainee programme" |
| The National Lottery Heritage Fund | 24/06/1998 | £375k | "Ffestiniog Railway Heritage Project" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED | 1 | £21k |