FURNESS RAILWAY TRUST
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
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.
What the accounts disclose
“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.”
Policies the charity declares
- Internal charity financial controls policy and procedures
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
Property (HM Land Registry)
Register events
- Received assets from another charity (25/01/2017)
Trustees
- Timothy David Owenchair
- ALAN MIDDLETON
- JAMES KAY
- JOHN DIXON
- KEITH BREWER
- MR MIKE RIGG
- PETER VAN ZELLER
- Paul Harry Balshaw
- Sam Andrew Middleton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 09/01/2001 | £49k | "North London Railway Coach Restoration" |
| The National Lottery Heritage Fund | 13/08/1996 | £98k | "Railway Locomotive No 18 Restoration, Lancs" |