Y7 LOCOMOTIVE TRUST
To preserve, restore, display, operate and maintain the London & North Eastern Railway Company class Y7 locomotive number 985.
Objects
3.1 TO PRESERVE AND DISPLAY AND TO RESTORE, USE AND MAINTAIN THE ARTEFACTCOMPRISING THE TRUST PROPERTY BEING A STEAM LOCOMOTIVE LNER CLASS Y7NUMBER 985 BRITISH RAILWAYS NUMBER 68088 BUILT BY THE FORMER LONDON &NORTH EASTERN RAILWAY COMPANY IN 1923 TO A DESIGN OF 1888 OF THE FORMERNORTH EASTERN RAILWAY COMPANY AND TO USE AND DISPLAY THE SAME TO ADVANCETHE EDUCATION OF THE PUBLIC AT THE NORTH NORFOLK RAILWAY, SHERINGHAM, NORFOLKAND AT OTHER SUITABLE LOCATIONS AND TO USE AND DISPLAY THE SAME TO ADVANCE THEEDUCATION OF THE PUBLIC AT SHERINGHAM, NORFOLK AND AT OTHER SUITABLE 'LOCATIONSSUBJECT TO SUCH LOCATIONS BEING IN THE OPINION OF THE TRUSTEES SUITABLE FOR AND OR DISPLAY OF THE PROPERTY3.2 TO USE THE PROPERTY TO PROMOTE PUBLIC KNOWLEDGE APPRECIATION ANDUNDERSTANDING OF THE HISTORICAL, EDUCATIONAL, SCIENTIFIC AND CULTURAL ASPECTS OFTHE TRUST PROPERTY WITH PARTICULAR REGARD TO THE AGE OF THE ARTEFACT AND ITSHISTORICAL SIGNIFICANCE FOR THE BENEFIT OF THE PUBLIC.3.3 IN THIS DOCUMENT THE WORDS "RESTORE" AND "PRESERVE'' SHALL HAVE THE MEANINGSASCRIBED TO THEM IN "STANDARDS IN THE MUSEUM CARE OF LARGER AND WORKINGOBJECTS" APPENDIX C PARAGRAPH 3 1994 PUBLISHED BY THE MUSEUMS ANDGALLERIES COMMISSION
Financial health, per its FY2025 accounts
The accounts state that the Trust incurred a net expenditure of £9,988 for the year, reducing unrestricted reserves from £36,552 to £26,564. The Trustees confirm that resources are adequate to continue as a going concern, with no material uncertainties identified regarding the Trust's ability to operate.
What the accounts disclose
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Risk management
- Serious incident reporting policy and procedures
Trustees
- PETER ROBIN STONE
- PETER RUSSELL MOORE FCA
- Richard Adam Stone
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £25k | £35k |
| 29/02/2024 | £46k | £45k |
| 28/02/2023 | £24k | £13k |
| 28/02/2022 | £16k | £7k |
| 28/02/2021 | £11k | £79 |
Common questions
Is Y7 LOCOMOTIVE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the Trust incurred a net expenditure of £9,988 for the year, reducing unrestricted reserves from £36,552 to £26,564. The Trustees confirm that resources are adequate to continue as a going concern, with no material uncertainties identified regarding the Trust's ability to operate. Its FY2025 accounts were independently examined.