THE SIR NIGEL GRESLEY LOCOMOTIVE TRUST LIMITED

Registered charity 1079591 · accounts filings on the Charity Commission register · also known as A4 LOCOMOTIVE SOCIETY, SNGLPT, THE SIR NIGEL GRESLEY LOCOMOTIVE PRESERVATION TRUST LIMITED

Our historic locomotive is operational on the main line railway network and goes all over the country. We also go to private railways, where our members and the general public see her at close quarters. This year we are taking part in the Railways 200 events as holder of the post-war speed record for steam trains of 112mph. Looking to the future we encourage junior volunteers to learn skills.

Objects

TO ADVANCE THE EDUCATION OF THE PUBLIC THROUGH THE PRESERVATION, OPERATION AND EXHIBITION OF LOCOMOTIVES OF HISTORIC OR SCIENTIFIC IMPORTANCE SPECIFICALLY THE A4 PACIFIC LOCOMOTIVE NAMED SIR NIGEL GRESLEY. (1) TO PROVIDE WORKING EXHIBITS OF LOCOMOTIVES AND ROLLING STOCK FOR STUDY BY AND FOR THE EDUCATION OF THE PUBLIC BY MAINTAINING THEM IN MAIN LINE WORKING ORDER. (2) TO PROMOTE INTEREST IN THE PRESERVATION OF STEAM AND OTHER RAILWAY LOCOMOTIVES AND ROLLING STOCK, MACHINERY AND EQUIPMENT OF HISTORICAL INTEREST.

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · General Charitable Purposes · Arts/culture/heritage/science · Environment/conservation/heritage · Recreation · website · Get email alerts

Latest income
£310k
Latest spending
£324k
Registered
2000
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the group reported a net deficit of £13,822 for the year ended 31 December 2025, contrasting with a net income of £62,533 in the prior year. Total unrestricted reserves stood at £1,294,602, comprising a designated overhaul fund of £526,000 and general funds of £768,602. The trustees confirmed the entity remains a going concern despite the financial difficulty experienced in 2025.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £63,302 — in the top quarter for charities its size (median £60k)
“The average number of employees during the year was one (2024 – one). Staff salaries amounted to £63,302 (2024 - £52,135)” — page 11
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“The average number of employees during the year was one (2024 – one). Staff salaries amounted to £63,302” — page 11
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: accumulate a reserve in a designated overhaul fund sufficient to fund an overhaul every 10 years (held: £1.3m)
“The Trust policy on reserves is somewhat different from most charities in that the objective of the charity is on a 10-year funding cycle based on the operational period of the locomotive. For that reason, the policy of the Trust is to accumulate a reserve in a designated overhaul fund sufficient to fund an overhaul every 10 years.” — page 2
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 6 of 6 completeness components.

Year-over-year changes

Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England

Income and spending

Financial year endIncomeSpending
31/12/2025£310k£324k
31/12/2024£284k£221k
31/12/2023£316k£196k
31/12/2022£218k£145k
31/12/2021£62k£19k

Common questions

Is THE SIR NIGEL GRESLEY LOCOMOTIVE TRUST LIMITED financially healthy?

Per its FY2025 accounts: The accounts state that the group reported a net deficit of £13,822 for the year ended 31 December 2025, contrasting with a net income of £62,533 in the prior year. Total unrestricted reserves stood at £1,294,602, comprising a designated overhaul fund of £526,000 and general funds of £768,602. The trustees confirmed the entity remains a going concern despite the financial difficulty experienced in 2025. Its FY2025 accounts were independently examined.

What does the highest-paid employee of THE SIR NIGEL GRESLEY LOCOMOTIVE TRUST LIMITED earn?

Per its FY2025 accounts, the highest-paid employee was in the £63,302 band, and 1 employees earned over £60,000.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund12/09/2001£322k"Sir Nigel Gresley, Locomotive No. 4498 - Restoration"