LMS-PATRIOT COMPANY LIMITED

Registered charity 1123521 · accounts filings on the Charity Commission register

The activities of the charity are in furtherance of its purpose which is to advance the education of the public in relation to the Patriot class of railway engines.

Objects

THE COMPANY'S CHARITABLE PURPOSES ARE (THE COMPANY SHALL NOT ALTER ITS CHARITABLE PURPOSES WITHOUT THE PRIOR CONSENT OF THE CHARITY COMMISSION):3.1.1 TO ADVANCE THE EDUCATION OF THE PUBLIC IN RELATION TO THE PATRIOT CLASS OF RAILWAY ENGINES.

Area of benefit: VALE OF GLAMORGAN

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

Causes: Education/training · Environment/conservation/heritage · website · Get email alerts

Latest income
£361k
Latest spending
£74k
Registered
2008
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity posted its best ever annual income of £360,980, driven by donations and sales, resulting in a net income of £287,377. Per the trustees' report, unrestricted reserves stand at £3,489,289, which significantly exceeds the stated policy target of six months of essential expenditure. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.

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

What the accounts disclose

Reserves policy: six months essential expenditure, repayment on loans due within one year and contracted capital expenditure not yet provided for (held: £3.5m)
“Their aim to maintain reserves at the level of six months essential expenditure, repayment on loans due within one year and contracted capital expenditure not yet provided for.”
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Patriot Enterprises Limited
“A trading company, Patriot Enterprises Limited, has been incorporated, through which the LMS Patriot, once completed, will be hired out to generate funds for repayment of the boiler loans due in 2028 and for the ongoing programme of maintenance.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Deans Chartered Accountants. Discloses 5 of 6 completeness components.

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.

Public profiles (found on the charity’s own website): facebook

Trustees · trustee networks

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

Operates in: Northern Ireland · Scotland · Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£361k£74k
31/03/2024£328k£59k
31/03/2023£244k£64k
31/03/2022£271k£67k
31/03/2021£302k£52k

Common questions

Is LMS-PATRIOT COMPANY LIMITED financially healthy?

Per its FY2025 accounts: The accounts state that the charity posted its best ever annual income of £360,980, driven by donations and sales, resulting in a net income of £287,377. Per the trustees' report, unrestricted reserves stand at £3,489,289, which significantly exceeds the stated policy target of six months of essential expenditure. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Deans Chartered Accountants.

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund29/03/2011£13k"Patriot Exhibition at Crewe"

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with WESTERN LOCOMOTIVE ASSOCIATION LIMITED.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
LMS-PATRIOT COMPANY LIMITED£361k—0unclear—no doubt
WESTERN LOCOMOTIVE ASSOCIATION LIMITED FY2025£191k—0unclear—no doubt
CHINNOR AND PRINCES RISBOROUGH RAILWAY ASSOCIATION LIMITED FY2025£200k—0above—no doubt
PHYLLIS RAMPTON NARROW GAUGE RAILWAY TRUST FY2024£2.3m——unclear—no doubt
OSWESTRY STATION BUILDING TRUST LIMITED FY2025£337k—0above—no doubt
SOUTHAMPTON ENGINEERING TRAINING ASSOCIATION LTD FY2025£3.1m——below—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.