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2025-03-31-accounts

Trustees’ Annual Report

For the period from 1 April 2024 to 31 March 2025

Objectives and Activities

Purposes of the charity

The objects of the CIO are to advance public education by the restoration, preservation, maintenance, operation and development of the Downs Light Railway as a heritage asset for the provision of practical education to young people between the ages of 7 to 18, in particular but not exclusively by: (a) educating young people in engineering disciplines, including civil, mechanical, electrical, design, and workshop practice; and (b) promoting science, technology and engineering focused activities and careers.

Summary of the Main Activities for the public benefit

Policy Objective: Provision of practical activities on the Downs Light Railway to further the education of young people aged from 7 years and upwards in practical engineering mediums and railway operation.

Policy Objective: Protection and preservation of the Downs Light Railway and its heritage, as the world’s oldest private miniature railway, and the only railway directly operated for, and by, young people.

Downs Light Railway Trust, Colwall, Malvern, Worcs. WR13 6EY – Registered Charity 1195660

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Charity Governance

The trustees continued the comprehensive review of the charity’s safety and safeguarding structures, including engaging with external experts.

The charity faces ongoing challenges in two primary areas:

Active discussions with Malvern College on the buildings are ongoing, and have broadened to explore possible synergies in provision of safeguarding, Health and Safety, first aid and other areas.

Statement of Public Benefit

The Trustees have considered the Charity Commission’s guidance on public benefit and the specific guidance on charities for the advancement of education and heritage protection.

Contribution made by volunteers

The Downs Light Railway Trust is a volunteer led organisation, with no paid staff. In addition to the three trustees, there are several other regular and occasional volunteers who contribute their time and expertise to the running of the Downs Light Railway. These include instruction in miniature railway operation, contributing track maintenance expertise, help with fundraising and at events, and contributing time, expertise and equipment for special projects such as infrastructure or engineering works.

In 2024 – 2025, our non-trustee volunteers carried out instruction for educational activities, assisted with track maintenance, helped at events and assisted with locomotive maintenance and engineering works.

Downs Light Railway Trust, Colwall, Malvern, Worcs. WR13 6EY – Registered Charity 1195660

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Achievements and Performance

The Downs Light Railway Trust has made a difference to the lives and educational experience of the young people who engage in our activities, through the development of their practical STEM skills. Our feedback from parents and carers demonstrates that our activities are extremely beneficial to those young people who take part, through enhancing their skills, confidence and teamwork, and raising their awareness of STEM and heritage related careers.

Heritage rail is a vital component of our cultural heritage and tourism industry and currently heritage railways are finding it challenging to attract young people. Our activities through education and engagement of young people represent the delivery of wider benefits to society by raising the awareness of heritage rail as a career or volunteering opportunity, to support the ongoing operation and preservation of our industrial and cultural heritage.

Financial Review

The charity’s accounts are set out below. The accounts are prepared on a Receipts and Payments basis and were subjected to an independent examination (report attached).

The £2,484 deficit in the year results from expenditure on the 2 new ballast wagons and remedial work to BROCK’s dome, combined with the decrease in revenue due to the pause of Hobbies provision in the Lent term. More broadly, over the last 5 years there has been a general decline in public donations and significant increase in insurance costs. A realignment of hobbies charges is anticipated, pending the outcome of the ongoing discussions with Malvern College which impact the charity’s fixed cost base.

Policy for Holding Reserves

The Charity holds two specific reserve funds, identified as the Locomotive Maintenance Fund (LMF) and the Centenary Development Fund (CDF). Funds raised in anticipation of development or acquisition costs are also held on reserve until the time of such expenditure.

The LMF provides a sinking fund of unrestricted monies for the purpose of planned preventive maintenance costs on the locomotive assets.

The CDF is a restricted fund whose use is restricted to expenditure incurred towards achieving the Centenary Development Programme with the aim of providing new buildings and infrastructure.

Downs Light Railway Trust, Colwall, Malvern, Worcs. WR13 6EY – Registered Charity 1195660

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Statement of Financial Activity

Downs Light Railway Trust
Receipts & Payments Account 31/03/2025
31/03/2025
31/03/2025 31/03/2024
Unrestricted
Restricted
Total Total Notes
Receipts
Donations £345
£0
£345 £497
Grants/Funding £2,345
£0
£2,345 £808
Sales £561
£0
£561 £455
Other £42
£585
£628 £703
£3,292
£585
£3,878 £2,463
Payments
Administration -£2,922
£0
-£2,922 -£2,976
Operations -£3,440
£0
-£3,440 -£1,642
Publicity £0
£0
£0 £0
-£6,362
£0
-£6,362 -£4,617
Transfers of Funds £0
£0
£0 £0
Net movement of funds -£3,070
£585
-£2,484 -£2,155
Total Funds b/f £7,670
£56,939
£64,609 £66,764
**Total Funds c/f ** £4,600
£57,525
£62,125 £64,609
Registered Charityno. 1195660
HMRC reference ZD17159

Downs Light Railway Trust, Colwall, Malvern, Worcs. WR13 6EY – Registered Charity 1195660

Page 4 of 7

Downs Light Railway Trust Statement of Assets & Liabilities

Statement of Assets & Liabilities
at y/e 31/03/2025 31/03/2024
Assets Unrestricted Restricted Total Total Notes
Cash Resources
Petty Cash £0 £0 £0 £0
Bank – General £1,792 £0 £1,792 £2,972
Bank – LMF £2,808 £0 £2,808 £4,698
Bank – CDF £0 £57,525 £57,525 £56,939
£4,600 £57,525 £62,125 £64,609 1
Other Monetary Assets
- Receivables £0 £0 £0 £1,300
£4,600 £57,525 £62,125 £65,909
Significant Assets Cost(opt) Value(opt)
- Petrol-hydraulic locomotive TIM
- Steam locomotive JAMES BOYD
- Steam locomotive BROCK
- 4No. passenger carriages
- 5No. works carriages
- Laid trackwork (approx. 650m)
- Tools and Equipment
at y/e 31/03/2025 31/03/2024
Liabilities Unrestricted Restricted Total Total
Short-term Liabilities
- Uncleared payments (payables) £99 £0 £99 £53
Other Liabilities re Fund Timing (opt) Amount
(opt)
- [None]
Notes
Note 0
These accounts are drawn up on a receipts and payments basis
Note 1
Cash Resources represent Fund ID **Type ** 31/03/2025 31/03/2024
- General Administration Fund General Unrestricted £1,792 £2,972
- Locomotive Maintenance Fund LMF Unrestricted £2,808 £4,698
- CentenaryDevelopment Fund CDF Restricted £57,525 £56,939
£62,125 £64,609
Registered Charity no. 1195660
HMRC reference ZD17159

Downs Light Railway Trust, Colwall, Malvern, Worcs. WR13 6EY – Registered Charity 1195660

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Structure, Governance and Management

Governing Document

Constitution dated 21 April 2023.

Constitution

The charity is constituted as a Charitable Incorporated Organisation

Trustee selection methods

New Trustees are appointed by Resolution of a meeting of the Trustees. Selection is based on required skills, experience, and needs of the Trust. There is no provision in the Constitution for nominated or ex officio trusteeships.

Reference and Administrative details

Charity name

Downs Light Railway Trust

Registered Charity Number

1195660

Charity’s Principal Address

Downs Light Railway Trust The Downs Malvern Brockhill Road Colwall Worcestershire WR13 6EY

Trustees

Mr Nick Dodson Chair Dr Henry Fletcher Winstanley Treasurer Dr Eleanor Jane Brown

Declarations

The trustees declare that they have approved this report.

Signed on behalf of the charity’s trustees:

Signature(s)

Full name(s) Mr Nicholas Dodson Dr Henry Fletcher Winstanley Position(s) Chair Treasurer

Date

Downs Light Railway Trust, Colwall, Malvern, Worcs. WR13 6EY – Registered Charity 1195660

Page 6 of 7

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examlrberfs Report Report kn the Iru%to•&l mwnb•r% ol D￿rts RaikvJy Tnxt (kn •¢¢ounts lor th•Y￿r ended 31111312025 Ch•rlty no 111 any) 1159660 Sat out on pag I report lo Ihetrustees m my examination of thÈ ac¢xJunts of th&above thanty I'lheTnJst"I forthe Y￿ ended 311(X112025. Respon$lbllllJ•• and As the charty INstees of the Trust, you are r&por61￿e for the preparation basis ol r•p¢yt of the attounts in accxjrdancewrth the requrements of the Ch¥lies Ad 2011 1"IheAd'). I report in resped LY my e4amination ottheTrust's accourts carried out under sedion 145 of the 2011 Ad and In Lzrrying out my &am Iriation. I havefollowed the 4pliLale DIrectior￿ given by the Charty Comm&%￿0￿ under sedion 14515llbl of theAct. I have mmpleted my examination ￿Ing ch&list CC32 whKh the guidanTr for sa[nin￿S a5 Stated bythe Charttie5 Com mssion. Ind•pffid•nt •nwnefs •t•twn•nt I have no Con￿[r￿ and have come acrcts no other rnaite￿ n connection wrth the e<amination to which attention should be drawn in order to enab￿ a proper understandTha of the accxjunts lo be reathed. D 1810712025 Slwod: Nim Timothy Kenndh Bone Ralwant prolExslon walilicationlsl or bo¢4f (Ilanyl= Chartwed Irtslitute of manag￿ Accountartts FCMA ID 1.JNDL Adth 16 Johnwilliams Close Priorslee Tdtord TF25 Section B Disclosure No Con￿[r6 to report. Downs Light Rail¥vay Trust, Colwall, Mafvem, Worcs. WR13 6EY- RÈgislÈred Charity 1195660 PagÈ7of7