THE 82045 STEAM LOCOMOTIVE TRUST

Registered charity 1133893 · accounts filings on the Charity Commission register

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.

Area of benefit: UNDEFINED. IN PRACTICE, LOCAL.

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
£152k
Latest spending
£7k
Registered
2010
Accounts read
FY2025

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.

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

What the accounts disclose

Reserves policy: a minimum level of reserves which they consider should be sufficient to ensure the continuity of the project (held: £1.1m)
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Loan from member
“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
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). 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.

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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.