THE 82045 STEAM LOCOMOTIVE TRUST
The charity is constructing a British Railways standard class 3 steam locomotive. All locomotives of this class were scrapped at the end of the steam era on Britain's railways. The locomotive is of significant historical importance. It represents the last of a class of locomotives that were designed to operate on branch and suburban lines
Objects
1 TO BUILD, PRESERVE, OPERATE, MAINTAIN AND EXHIBIT THE TRUST PROPERTY, IN PARTICULAR, BUT NOT LIMITED TO, A BRITISH RAILWAYS STANDARD 2-6-2T CLASS 3 STEAM LOCOMOTIVE, TO ADVANCE THE EDUCATION OF THE PUBLIC IN BRITISH RAILWAYS STANDARD LIGHT PASSENGER STEAM LOCOMOTIVES.2 TO USE THE TRUST PROPERTY TO PROMOTE PUBLIC KNOWLEDGE, APPRECIATION AND UNDERSTANDING OF THE HISTORICAL, EDUCATIONAL, SCIENTIFIC AND CULTURAL ASPECTS OF THE TRUST PROPERTY, WITH PARTICULAR REGARD TO ITS HISTORICAL SIGNIFICANCE, FOR THE BENEFIT OF THE PUBLIC.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £1,111,139, with total funds of £2,172,177, which the trustees consider compatible with spending plans. The charity holds an interest-free loan of £200,000 from a member to support the locomotive construction. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Trustees review the unrestricted reserves of the charity on a regular basis and have approved a policy of maintaining a minimum level of reserves which they consider should be sufficient to ensure the continuity of the project.” — page 6
“The Trust was granted an unsecured, interest-free loan of £200,000 by a member, to be used as needed solely for the construction of 82045. Repayment will not commence until after completion of the locomotive and its entry into revenue-earning service.” — page 16
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- ALAN BRIGHOUSE ACMA
- ALVIN BARKER
- ANTHONY NEVILLE MASSAU
- Anthony Neil Taylor
- Brian John Malyon
- Christopher William Steel
- Martin John Managhan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £152k | £7k |
| 31/12/2024 | £102k | £5k |
| 31/12/2023 | £201k | £5k |
| 31/12/2022 | £107k | £3k |
| 31/12/2021 | £117k | £3k |
Common questions
Is THE 82045 STEAM LOCOMOTIVE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £1,111,139, with total funds of £2,172,177, which the trustees consider compatible with spending plans. The charity holds an interest-free loan of £200,000 from a member to support the locomotive construction. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.