ROYAL SCOT LOCOMOTIVE & GENERAL TRUST

Registered charity 1139588 · accounts filings on the Charity Commission register

To advance the education of the public by the acquisition, restoration, preservation, exhibition or operation of LMS Steam Locomotive 6100 'Royal Scot' and other steam locomotives, rolling stock, equipment and artefacts, relics, documents and records of historic interest as the trustees may from time to time decide.

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

Latest income

£8.7m

Latest spending

£7.0m

Registered

2010

Accounts read

FY2025

Financial health, per its FY2025 accounts

The accounts state that unrestricted reserves stood at £36,946,269, which the Trustees consider sufficient to cover capital and charitable expenditure for the coming twelve months. The charity reported a net profit for the year and maintains a reserves policy targeting approximately 12 months of expenditure. The independent auditor confirmed the financial statements give a true and fair view and raised no material uncertainties regarding going concern.

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

What the accounts disclose

Reserves policy: approximately 12 months’ worth of capital and charitable expenditure (held: £36.9m)

“The Trustees aim to maintain free reserves at a level which equates to approximately 12 months’ worth of capital and charitable expenditure.” — page 6

Per its FY2025 accounts as filed with the Charity Commission.

Related-party transaction: Locomotive Storage Limited earned income from London and North Western Railway Heritage Company Limited.

“During the year to 31 March 2025, Locomotive Storage Limited earned income of £177,828 (2024: £187,365) from services provided to London and North Western Railway Heritage Company Limited. As at 31 March 2025, the amount outstanding was £137,755 (2024: £119,686).” — page 25

“During the year to 31 March 2025, Locomotive Services (TOC) Limited earned income of £76,141 (2024: £97,341) from London and North Western Railway Heritage Company Limited. As at 31 March 2025, the amount outstanding was £1,989 (2024: £nil).” — page 25

Per its FY2025 accounts as filed with the Charity Commission.

Related-party transaction: Locomotive Services (TOC) Limited earned income from London and North Western Railway Heritage Company Limited.

“During the year to 31 March 2025, Locomotive Storage Limited earned income of £177,828 (2024: £187,365) from services provided to London and North Western Railway Heritage Company Limited. As at 31 March 2025, the amount outstanding was £137,755 (2024: £119,686).” — page 25

“During the year to 31 March 2025, Locomotive Services (TOC) Limited earned income of £76,141 (2024: £97,341) from London and North Western Railway Heritage Company Limited. As at 31 March 2025, the amount outstanding was £1,989 (2024: £nil).” — page 25

Per its FY2025 accounts as filed with the Charity Commission.

Trading subsidiary: Locomotive 6100 Limited, Locomotive 6024 Limited, Locomotive 70000 Limited, London and North Western Railway Heritage Company Limited

“The Trust has subsidiaries as detailed in note 7 to the Financial Statements. A summary of the most recent results of the subsidiaries is shown below for the year ended 31 March 2025.” — page 21

Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Arnold Hill & Co LLP. Discloses 5 of 6 completeness components.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/03/2025)

Total income

£8.2m

Total spending

£7.0m

Cost of raising funds

£23k

Reserves (reported)

£5.9m

Employees

Reported reserves equal ~10.0 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Other trading activities (58% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.3% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

JEREMY JOHN HOSKINGchair · trustee of 1 other charity
DENIS DUNSTONE · trustee of 1 other charity
PETER ADDS · trustee of 1 other charity
PETER NIGEL GREENWOOD · trustee of 1 other charity
RUPERT DRURY

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

Operates in: Scotland

Income and spending

Financial year end	Income	Spending
31/03/2025	£8.7m	£7.0m
31/03/2024	£13.9m	£7.4m
31/03/2023	£6.1m	£11.2m
31/03/2022	£10.0m	£13.5m
31/03/2021	£8.6m	£4.5m

Common questions

Is ROYAL SCOT LOCOMOTIVE & GENERAL TRUST financially healthy?

Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £36,946,269, which the Trustees consider sufficient to cover capital and charitable expenditure for the coming twelve months. The charity reported a net profit for the year and maintains a reserves policy targeting approximately 12 months of expenditure. The independent auditor confirmed the financial statements give a true and fair view and raised no material uncertainties regarding going concern. Its FY2025 accounts were audited by Arnold Hill & Co LLP.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Funder	Similar charities funded	Amount to them
THE MICHAEL MARSH CHARITABLE TRUST	1	£5k
SIR ROBERT GEFFERY'S ALMSHOUSE TRUST	1	£3k
GOWLING WLG (UK) CHARITABLE TRUST	1	£2k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE A1 STEAM LOCOMOTIVE TRUST.

THE A1 STEAM LOCOMOTIVE TRUST income £1.2m
CHINNOR AND PRINCES RISBOROUGH RAILWAY ASSOCIATION LIMITED income £200k
VINTAGE TRAINS CHARITABLE TRUST income £3.6m
WESTERN LOCOMOTIVE ASSOCIATION LIMITED income £191k
PHYLLIS RAMPTON NARROW GAUGE RAILWAY TRUST income £2.3m
LMS-PATRIOT COMPANY LIMITED income £361k

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
ROYAL SCOT LOCOMOTIVE & GENERAL TRUST	£8.7m	—	0	above	—	no doubt
THE A1 STEAM LOCOMOTIVE TRUST FY2025	£1.2m	—	0	unclear	—	no doubt
CHINNOR AND PRINCES RISBOROUGH RAILWAY ASSOCIATION LIMITED FY2025	£200k	—	0	above	—	no doubt
VINTAGE TRAINS CHARITABLE TRUST FY2025	£3.6m	—	—	below	—	no doubt
WESTERN LOCOMOTIVE ASSOCIATION LIMITED FY2025	£191k	—	0	unclear	—	no doubt
PHYLLIS RAMPTON NARROW GAUGE RAILWAY TRUST FY2024	£2.3m	—	—	unclear	—	no doubt

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