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WEST SOMERSET RAILWAY HERITAGE TRUST LTD

Registered charity 265564 · accounts filings on the Charity Commission register · also known as THE WEST SOMERSET STEAM RAILWAY TRUST LIMITED, West Somerset Railway Heritage Trust

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Latest income
£3.0m
Latest spending
£78k
Registered
1973
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity ended the year with total resources of £671,725, representing a decrease from the previous year's £694,151. The Trustees confirm the charity is in good financial health and prepared the statements on a going concern basis, noting that budgeted income and expenditure are sufficient to continue operations.

What the accounts disclose

Reserves policy: £20,000 for Gauge Museums and £10,000 for Other Trust Activities (held: £547k)
“The Trust amended its Reserves Policy and amended them£20,000 to cover the running of the Gauge Museums at Bishops Lydeard and Blue Anchor and £10,000 in respect of Other Trust Activities.” — page 15
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

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

Total income
£3.0m
Total spending
£78k
Reserves (reported)
£209k
Employees
0

Reported reserves equal ~32.2 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£3.0m£78k
31/12/2023£25k£47k
31/12/2022£161k£72k
31/12/2021£260k£52k
31/12/2020£100k£111k

Common questions

Is WEST SOMERSET RAILWAY HERITAGE TRUST LTD financially healthy?

The accounts state that the charity ended the year with total resources of £671,725, representing a decrease from the previous year's £694,151. The Trustees confirm the charity is in good financial health and prepared the statements on a going concern basis, noting that budgeted income and expenditure are sufficient to continue operations. Its FY2023 accounts were independently examined.

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund10/08/2020£29k"COVID19 West Somerset Steam Railway Trust"
The National Lottery Heritage Fund11/07/2018£40k"Relaunching the Gauge Museum at Bishops Lydeard"