Tanfield Railway Trust Limited
Preserving the railway heritage of North East England, particularly industrial and independent railways and local locomotive builders.
Objects
Objects 4 The charity?s objects (?Objects?) are: (1) To advance the education of the public in all matters related to the Tanfield Railway between East Tanfield in the County of Durham and Sunniside in the Borough of Gateshead (hereinafter called ?the Railway? and railways, associated transport and industries in general. (2) To advance and conserve the heritage of the Railway, and railways in general for the benefit of the public, of all ages and backgrounds.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £471,352, significantly exceeding the trustees' stated target to reduce reserves to £100,000. The charity reported a net income of £197,617 for the year, driven largely by a substantial increase in donations and legacies, while maintaining a surplus after charitable and support expenditures.
What the accounts disclose
“the trustees have resolved to investigate and undertake a number of projects as outlined in the Trustees report and will reduce reserves to £100,000.”
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Investing charity funds policy and procedures
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/07/2025
- Volunteers: 170
- Government income: £5,000 — grants £5,000 (1); 2% of the £262,737 total gross income on the same return
Self-declared on the annual return for the financial year ending 31/07/2024
- Volunteers: 150
Self-declared on the annual return for the financial year ending 31/07/2023
- Volunteers: 150
Trustees
- DEREK WILLIAM SMITHchair
- David Champion
- Frank Stuart Palmer
- IAN COWAN
- John Hodgson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £263k | £65k |
| 31/07/2024 | £75k | £15k |
| 31/07/2023 | £113k | £61k |
| 31/07/2022 | £48k | £91k |
| 31/07/2021 | £58k | £65k |
Common questions
Is Tanfield Railway Trust Limited financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £471,352, significantly exceeding the trustees' stated target to reduce reserves to £100,000. The charity reported a net income of £197,617 for the year, driven largely by a substantial increase in donations and legacies, while maintaining a surplus after charitable and support expenditures. Its FY2025 accounts were independently examined.
Who funds Tanfield Railway Trust Limited?
Funders whose own accounts filings name Tanfield Railway Trust Limited as a grant recipient include THE CATHERINE COOKSON CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE CATHERINE COOKSON CHARITABLE TRUST | FY2023 | £10k | Other Charities/Voluntary Bodies |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 25/09/2006 | £30k | "East Tanfield Conservation and Display Project (Project planning)" |
| The National Lottery Heritage Fund | 27/06/2003 | £50k | "Working Carriages Shed" |
| Northern Rock Foundation | 11/10/2002 | £5k | Grant awarded to Tyneside Locomotive Museum Trust Ltd. (Durham) |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| WATES FAMILY ENTERPRISE TRUST | 1 | £500 |
Charities like this
- SOUTH TYNEDALE RAILWAY PRESERVATION SOCIETY
- MIDLAND RAILWAY TRUST LIMITED
- THE TUNBRIDGE WELLS AND ERIDGE RAILWAY PRESERVATION SOCIETY LIMITED
- EAST KENT RAILWAY TRUST
- WELSHPOOL AND LLANFAIR LIGHT RAILWAY PRESERVATION CO. LIMITED
- THE MID-NORFOLK RAILWAY PRESERVATION TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Tanfield Railway Trust Limited | £263k | — | 0 | unclear | — | no doubt |
| SOUTH TYNEDALE RAILWAY PRESERVATION SOCIETY | £297k | — | 0 | unclear | — | no doubt |
| MIDLAND RAILWAY TRUST LIMITED | £615k | — | 0 | unclear | — | noted |
| THE TUNBRIDGE WELLS AND ERIDGE RAILWAY PRESERVATION SOCIETY LIMITED | £112k | — | 0 | above | — | no doubt |
| EAST KENT RAILWAY TRUST | £79k | — | — | unclear | — | no doubt |
| WELSHPOOL AND LLANFAIR LIGHT RAILWAY PRESERVATION CO. LIMITED | £1.2m | — | 0 | above | — | no doubt |