Finance Score: 3

Governance Score: -7

Support Score: 7

Liabilities <10%: +3
Income diversified: +3
Fundraising costs high: -3

No volunteer policy: -2
Narrow trustee age band: -2
All male board: -3

Large volunteers +3
Overall weighted support: +4

Overall GiG Score: 3

TALYLLYN HOLDINGS LIMITED

Supporting the Preservation of the Talyllyn Railway as a going concern.

Analysis by Giving is Great

Positives:

This charity has been successful in attracting volunteers relative to its size
This charity has a robust balance sheet
Income generation is well diversified
Spending has increased over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
A significant proportion of recent income was derived from major grant makers including the Government

Regulatory & Governance issues to consider:

Although this charity works with volunteers it does not have a Volunteer Management policy
The Board is completely male
The Board has little diversity in terms of age

Financial issues to consider:

Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/01/23		£2,234	£1,723	£511	£536	£1,539	£1,500	10.5	44	400
31/01/22		£1,750	£1,381	£369	£409	£1,301	£1,263	11	39	400
31/01/21		£1,299	£1,029	£270	£231	£1,079	£1,051	12.3	35	400
31/01/20		£1,666	£1,395	£271	£467	£2,624	£1,468	12.6	45	400
31/01/19		£1,699	£1,309	£391	£449	£2,353	£1,132	10.4	39	400
31/01/18		£1,187	£1,147	£40	£392	£1,963	£745	7.8	36	0
31/01/17		£121	£188	£-67	n/a	n/a	n/a	n/a	n/a	n/a
31/01/16		£189	£118	£71	n/a	n/a	n/a	n/a	n/a	n/a
31/01/15		£337	£96	£242	n/a	n/a	n/a	n/a	n/a	n/a
31/01/14		£260	£61	£199	n/a	n/a	n/a	n/a	n/a	n/a
31/01/13		£111	£144	£-33	n/a	n/a	n/a	n/a	n/a	n/a
31/01/12		£102	£146	£-44	n/a	n/a	n/a	n/a	n/a	n/a
31/01/11		£114	£41	£74	n/a	n/a	n/a	n/a	n/a	n/a
31/01/10		£141	£36	£105	n/a	n/a	n/a	n/a	n/a	n/a
31/01/09		£257	£168	£89	n/a	n/a	n/a	n/a	n/a	n/a
31/01/08		£66	£17	£49	n/a	n/a	n/a	n/a	n/a	n/a
31/01/07		£91	£80	£11	n/a	n/a	n/a	n/a	n/a	n/a
31/01/06		£37	£8	£29	n/a	n/a	n/a	n/a	n/a	n/a
31/01/05		£127	£263	£-136	n/a	n/a	n/a	n/a	n/a	n/a
31/01/04	*	£144	£14	£130	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 33.5%
Fundraising Costs/Total Spending: 31.1%
Highest pay band: Less than £60,000
Liabilities/Assets: 1%
Liabilities/Income: 1%
Unrestricted Funds/Total Funds: 98%
Reserves/Spending: 10.5 months
Net Current Assets/Spending: 7 months
Quick Ratio: 75.9

Asset Split ?

Balance Sheet History

Established: 23 years
(71 years as a company)

www.talyllyn.co.uk

secretary@talyllyn.co.uk

01654710472

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training
Environment/Conservation/Heritage

GiG Classification

Museums, parks, historical sites

How it operates

Makes grants to individuals
Makes grants to organisations
Provides buildings/facilities/open space

Where it operates

Gwynedd,

Who it helps

The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
National Lottery Heritage Fund - Grant to Talyllyn Holdings Ltd
£110,000	14/09/2022	Talyllyn Railway: Preserving Our Past Building Our Future
National Lottery Heritage Fund - Grant to Talyllyn Holdings Limited
£45,700	18/08/2020	COVID19: Talyllyn Holdings Limited

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

Based on 5/6 persons

Age Range of Trustees: 57-71

DAN POULSON Appointed: 2014, Occupation: Director

DAVID GRAEME VENTRY (Chair) Appointed: 2013, Occupation: Retired

GARETH JONES, Occupation: Town Planning Consultant

KEITH THEOBALD

KEITH FRANCIS MEIKLE HAYES Appointed: 2021, Occupation: Chartered Construction Manager

LIS MANN Appointed: 2015, Occupation: Deputy Headteacher

Legal constitution

Charitable company registered in England & Wales on 25/10/2001, number: 1089053
Registered at Companies House on 03/10/1952, number: 00511996

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
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

Filing Record

20 returns made; AR04: 22 days late,

Recent reorganisation events:

Asset transfer in from HAMPSHIRE NARROW GAUGE RAILWAY TRUST on 23/06/2020

Main office

WHARF STATION
NEPTUNE ROAD
TYWYN
GWYNEDD
LL36 9EY

Objectives

5.1 The preservation, restoration, maintenance and protection of such of the structures, rolling stock, plant, equipment and artefacts (“the structures and equipment”) of or connected with the Talyllyn Railway as are of historic, cultural, architectural, constructional or scientific interest or exhibit craftsmanship worthy of preservation;5.2 The promotion of public knowledge, appreciation and understanding of the historic and cultural aspects of the Talyllyn Railway and the area through which it runs;5.3 The promotion of public access to the structures and equipment and public knowledge, appreciation and understanding of their architectural, constructional, scientific and craft features;5.4 To support the operation of steam-hauled passenger trains on the Talyllyn Railway;5.5 Such other charitable purposes for the advancement of education associated with the Talyllyn Railway and its surrounding area and other narrow gauge railways as the Directors think fit.

Defined Area of Benefit:

NOT DEFINED