THE KENT AND EAST SUSSEX RAILWAY COMPANY LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity recorded a net consolidated deficit of £124,680 for the year ended 31 October 2024, compared to a deficit of £42,590 in the previous year. Despite the deficit, the group held unrestricted reserves of £1,385,714 and net cash of £262,103 at year-end, with the trustees confirming the going concern basis of preparation.
What the accounts disclose
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 2024 No. 1” — page 30
“The trustees of the late G A Crouch, I C Legg, S A Marsh, P D Shaw, P Vidler, D Bilsby and N D Sime are members or shareholders of organisations which own certain items of locomotive, rolling stock and other equipment, which are made available to the Charity, and in consideration, are maintained by the Charity.” — page 42
“The charity paid the Herdman Association, £120 for the hire of space for a board meeting. D J Nibloe has significant influence over this entity.” — page 42
“The trustees of the late G A Crouch, I C Legg, S A Marsh, P D Shaw, P Vidler, D Bilsby and N D Sime are members or shareholders of organisations which own certain items of locomotive, rolling stock and other equipment, which are made available to the Charity, and in consideration, are maintained by the Charity.” — page 42
“The charity paid the Herdman Association, £120 for the hire of space for a board meeting. D J Nibloe has significant influence over this entity.” — page 42
“The trustees of the late G A Crouch, I C Legg, S A Marsh, P D Shaw, P Vidler, D Bilsby and N D Sime are members or shareholders of organisations which own certain items of locomotive, rolling stock and other equipment, which are made available to the Charity, and in consideration, are maintained by the Charity.” — page 42
“The charity paid the Herdman Association, £120 for the hire of space for a board meeting. D J Nibloe has significant influence over this entity.” — page 42
Structured financials (annual return, FY ending 31/10/2024)
Trustees
- Derrick Bilsby
- IAN CAMPBELL LEGG
- Julie Wilkinson
- Matthew John Hyner
- Neil Duncan Sime
- Paul Edward Vidler
- Robin Moira White
- SIMON ANDREW MARSH
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2024 | £2.6m | £2.7m |
| 31/10/2023 | £2.5m | £2.6m |
| 31/10/2022 | £2.0m | £2.4m |
| 31/10/2021 | £1.6m | £1.5m |
| 31/10/2020 | £1.8m | £1.7m |
Common questions
Is THE KENT AND EAST SUSSEX RAILWAY COMPANY LIMITED financially healthy?
The accounts state that the charity recorded a net consolidated deficit of £124,680 for the year ended 31 October 2024, compared to a deficit of £42,590 in the previous year. Despite the deficit, the group held unrestricted reserves of £1,385,714 and net cash of £262,103 at year-end, with the trustees confirming the going concern basis of preparation. Its FY2024 accounts were audited by Kreston Reeves LLP.