FURNESS RAILWAY TRUST

Registered charity 1163073 · accounts filings on the Charity Commission register

ACQUISITION, RESTORATION AND OPERATION OF HISTORIC ITEMS OF RAILWAY ROLLING STOCK WITH THE LONGER TERM OBJECTIVE OF ESTABLISHING AN INDEPENDENT RAILWAY MUSEUM WITH APPROPRIATE FACILITIES FOR THE DISPLAY, STORAGE AND RESTORATION OF OF RAILWAY ROLLING STOCK AND ASSOCIATED EQUIPMENT.

Objects

TO ESTABLISH A RAILWAY MUSEUM

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

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

Latest income
£68k
Latest spending
£56k
Registered
2015
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that total unrestricted funds increased to £551,646, with net current assets rising to £284,239. However, the Trustees forecast a sizeable excess of expenditure over income for 2026 due to heavy committed costs on locomotive overhauls, though they believe the organization remains a going concern.

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

What the accounts disclose

Reserves policy: appropriate level of reserves to provide for future overhauls (held: £552k)
“There is an ongoing need to maintain an appropriate level of reserves to provide for future overhauls of the Trust's operational locomotives and coaches.”
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.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold); recorded price paid £228k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Register events

Trustees · trustee networks

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

Operates in: Cumbria · Lancashire · North Yorkshire

Income and spending

Financial year endIncomeSpending
31/12/2025£68k£56k
31/12/2024£70k£61k
31/12/2023£55k£50k
31/12/2022£59k£47k
31/12/2021£42k£28k

Common questions

Is FURNESS RAILWAY TRUST financially healthy?

Per its FY2025 accounts: The accounts state that total unrestricted funds increased to £551,646, with net current assets rising to £284,239. However, the Trustees forecast a sizeable excess of expenditure over income for 2026 due to heavy committed costs on locomotive overhauls, though they believe the organization remains a going concern. Its FY2025 accounts were independently examined.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Heritage Fund09/01/2001£49k"North London Railway Coach Restoration"
The National Lottery Heritage Fund13/08/1996£98k"Railway Locomotive No 18 Restoration, Lancs"