Watercress Line Heritage Railway Trust Limited
Registered charity 284406 · accounts filings on the Charity Commission register · also known as MID-HANTS RAILWAY PRESERVATION SOCIETY LIMITED, WATERCRESS LINE · listed website unreachable when last crawled
Financial health, per its FY2023 accounts
The accounts state that the group reported a net deficit of £996,625 for the year ended 31 March 2023, primarily due to asset write-downs, compared to a surplus in the prior year. The trustees acknowledge a material uncertainty regarding the group's ability to continue as a going concern due to challenging economic conditions and funding risks, although they believe continued bank support and operational changes will allow the charity to survive. Free reserves are reported as negative £743,003 after deducting fixed assets from unrestricted funds.
What the accounts disclose
Accounts audited by Cochrane & Co Accountants Limited.
Public fundraising profile: JustGiving — Watercress Line Heritage Railway Trust Limited (matched by registered charity number).
Structured financials (annual return, FY ending 31/03/2025)
Cost of raising funds
£3.5m
Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).
Trustees
- Baron Michael Edward David de Styrcea
- Gregory Hamilton Watson
- Jonathan Charles Robert Morris
- Sabrina Lee-Anne Marsden
- Stephen Nicholas Evans
Trustee list from the Charity Commission register (current, not historical).
Operates in: Hampshire · Portsmouth City · Southampton City · Surrey · West Berkshire
Income and spending
Common questions
Is Watercress Line Heritage Railway Trust Limited financially healthy?
The accounts state that the group reported a net deficit of £996,625 for the year ended 31 March 2023, primarily due to asset write-downs, compared to a surplus in the prior year. The trustees acknowledge a material uncertainty regarding the group's ability to continue as a going concern due to challenging economic conditions and funding risks, although they believe continued bank support and operational changes will allow the charity to survive. Free reserves are reported as negative £743,003 after deducting fixed assets from unrestricted funds. Its FY2023 accounts were audited by Cochrane & Co Accountants Limited.
Who funds Watercress Line Heritage Railway Trust Limited?
Funders whose own accounts filings name Watercress Line Heritage Railway Trust Limited as a grant recipient include THE LILLYWHITE FAMILY TRUST.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with THE BLUEBELL RAILWAY TRUST.