LMS-PATRIOT COMPANY LIMITED
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.
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.
What the accounts disclose
“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.”
“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.”
Trustees
- ANDREW ROBERT LAWS
- Dr David Patrick Tuffin
- Iain Gould
- JOHN STUART HASTINGS-THOMSON
- Janet Elson
- Keith Heinrich Riches
- NEIL COLLINSON
- Roger Bateman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 29/03/2011 | £13k | "Patriot Exhibition at Crewe" |