RIBBLE STEAM RAILWAY LIMITED
Ribble Steam Railway Ltd operates a heritage railway in Preston Lancashire which includes an accredited museum with railway locomotives and other historic items on display.
Objects
TO ENCOURAGE AND PROMOTE PUBLIC INTEREST IN THE PRESERVATION OF STEAM AND OTHER RAILWAY LOCOMOTIVES AND ROLLING STOCK MACHINERY AND EQUIPMENT OF HISTORICAL INTEREST AND IN RAILWAYS ROAD WATER AND OTHER FORMS OF TRANSPORT BETWEEN PERSONS INTERESTED IN SUCH MATTERS.
Financial health, per its FY2025 accounts
The accounts state that the charity posted an overall loss for the year of over £45k, driven by the loss of Gift Aid payments and reduced shop income, despite a significant increase in visitor numbers and general admission revenue. However, the trustees report that net current assets of £213,136 fall within their stated reserves policy target of six months' expenditure, indicating sufficient solvency to continue operations.
What the accounts disclose
“The trustees have set a target range for free general reserves of six months expenditure and aim to retain working capital within that range.” — page 5
“Dave Watkins was paid a salary in line with the Charity's Constitutional documents in relation to the bookkeeping services it provides to the charity.” — page 12
“The charity also received Management fees and reimbursed expenses of £134 (2024: £42,900)”
“Included in creditors are amounts due to the above of £806 (2024: £16,090 debtor).” — page 17
“The charity also received Management fees and reimbursed expenses of £134 (2024: £42,900)”
“Included in creditors are amounts due to the above of £806 (2024: £16,090 debtor).” — page 17
“Ribble Rail Limited - wholly owned subsidiary” — page 17
Year-over-year changes
- Reserves position vs the charity's own policy moved from "within" (FY2024) to "above" (FY2025).
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Volunteers: 90
- Trustee benefits, answered Yes to: any trustee benefit
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 90
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/12/2023
- Volunteers: 80
- Trustee benefits, answered Yes to: any trustee benefit; payments to trustees for services to the charity
- Has a trading subsidiary
Corporate structure
- Registered company of the charity Companies House 01112380
- Trading subsidiary: RIBBLE RAIL LTD Companies House 04293655
- Average employees: 4
- Equity: £37k
- Average employees: 1
- Donated/gift-aided to the charity: £49k
- Management fees/expenses paid: £42,900; Creditors due to parent: £16,090
“The company distributed donations to the above of £48,621 (2023: £95,541)”
Company officers (Companies House)
- MORTIMORE, Graham Nicholas on trustee list
- SMITH, Katie Marie on trustee list
- WAUGH, Stewart Ian on trustee list
- CAIN, Stephen on trustee list
- OWEN, Timothy David on trustee list
- PINCH, Alison on trustee list
- BURKE, Matthew on trustee list
- LIDDLE, Peter on trustee list
- WALKER, Andrew Russell on trustee list
- BAILEY, Michael on trustee list
Property (HM Land Registry)
Trustees
- Katie Marie Smith
- MATTHEW BURKE
- MR ANDREW RUSSELL WALKER
- MR MICHAEL BAILEY
- Mr Timothy Owen
- Philip Ian Lochrie
- STEWART IAN WAUGH
- alison pinch
- david billington
- graham nicholas mortimore
- peter liddle
- stephen cain
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £220k | £267k |
| 31/12/2024 | £303k | £302k |
| 31/12/2023 | £349k | £284k |
| 31/12/2022 | £259k | £261k |
| 31/12/2021 | £404k | £389k |
Common questions
Is RIBBLE STEAM RAILWAY LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity posted an overall loss for the year of over £45k, driven by the loss of Gift Aid payments and reduced shop income, despite a significant increase in visitor numbers and general admission revenue. However, the trustees report that net current assets of £213,136 fall within their stated reserves policy target of six months' expenditure, indicating sufficient solvency to continue operations. Its FY2025 accounts were independently examined.
Who funds RIBBLE STEAM RAILWAY LIMITED?
Funders whose own accounts filings name RIBBLE STEAM RAILWAY LIMITED as a grant recipient include THE HAROLD AND ALICE BRIDGES CHARITY.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE HAROLD AND ALICE BRIDGES CHARITY | FY2023 | £1k | |
| THE HAROLD AND ALICE BRIDGES CHARITY | FY2022 | £1k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ASSOCIATION OF INDEPENDENT MUSEUMS | 1 | £19k |
Charities like this
- RHYL STEAM PRESERVATION TRUST
- SITTINGBOURNE AND KEMSLEY LIGHT RAILWAY LIMITED
- FOXFIELD LIGHT RAILWAY SOCIETY LIMITED
- YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED
- RIBBLE VEHICLE PRESERVATION TRUST LIMITED
- THE KIDDERMINSTER RAILWAY MUSEUM TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| RIBBLE STEAM RAILWAY LIMITED | £220k | — | 0 | above | — | no doubt |
| RHYL STEAM PRESERVATION TRUST | £187k | — | 0 | unclear | — | no doubt |
| SITTINGBOURNE AND KEMSLEY LIGHT RAILWAY LIMITED | £80k | — | 0 | unclear | — | no doubt |
| FOXFIELD LIGHT RAILWAY SOCIETY LIMITED | £389k | — | 0 | unclear | — | no doubt |
| YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED | £4.2m | — | 0 | unclear | 7.6% | no doubt |
| RIBBLE VEHICLE PRESERVATION TRUST LIMITED | £66k | — | 0 | unclear | — | no doubt |