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ROYAL SCOT LOCOMOTIVE & GENERAL TRUST

Registered charity 1139588 · accounts filings on the Charity Commission register

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Latest income
£8.7m
Latest spending
£7.0m
Registered
2010
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that unrestricted reserves stood at £28,862,764, which the Trustees consider sufficient to cover capital and charitable expenditure for the coming twelve months. The charity reported a net outgoing resource of £5,119,167 for the year, largely driven by fixed asset impairments and investment losses. Despite the net loss, the unrestricted fund remains significantly above the stated reserves policy target of 12 months' expenditure.

What the accounts disclose

Reserves policy: approximately 12 months’ worth of capital and charitable expenditure (held: £28.9m)
“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 FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Locomotive Storage Limited earned income of £113,266 from London and North Western Railway Heritage Company Limited.
“During the year to 31 March 2023, Locomotive Storage Limited earned income of £113,266 (2022: £89,444) from services provided to London and North Western Railway Heritage Company Limited. As at 31 March 2023, the amount outstanding was £99,045 (2022: £18,000).” — page 22
“During the year to 31 March 2023, Locomotive Services (TOC) Limited earned income of £61,208 (2022: £96,639) from London and North Western Railway Heritage Company Limited.” — page 22
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Locomotive Services (TOC) Limited earned income of £61,208 from London and North Western Railway Heritage Company Limited.
“During the year to 31 March 2023, Locomotive Storage Limited earned income of £113,266 (2022: £89,444) from services provided to London and North Western Railway Heritage Company Limited. As at 31 March 2023, the amount outstanding was £99,045 (2022: £18,000).” — page 22
“During the year to 31 March 2023, Locomotive Services (TOC) Limited earned income of £61,208 (2022: £96,639) from London and North Western Railway Heritage Company Limited.” — page 22
Per its FY2023 accounts as filed with the Charity Commission.

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

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
43

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

Trustees

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

Operates in: Scotland

Income and spending

Financial year endIncomeSpending
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?

The accounts state that unrestricted reserves stood at £28,862,764, which the Trustees consider sufficient to cover capital and charitable expenditure for the coming twelve months. The charity reported a net outgoing resource of £5,119,167 for the year, largely driven by fixed asset impairments and investment losses. Despite the net loss, the unrestricted fund remains significantly above the stated reserves policy target of 12 months' expenditure. Its FY2023 accounts were audited by Arnold Hill & Co LLP.