THE 2874 TRUST LIMITED
Raising awareness of our current project, promoting membership of the charity and raising funds - the project being to progress the restoration of a unique, 1918 built Great Western heavy freight steam locomotive
Financial health, per its FY2025 accounts
The accounts state that unrestricted net income increased to £10,561 from £3,303 in the prior year, driven by a National Heritage Lottery Fund grant. The charity maintains a reserves policy targeting six months of administrative costs and holds total net assets of £87,605, which the trustees confirm are sufficient to manage activities for the foreseeable future.
What the accounts disclose
“The Trust has in place a Reserves Policy that ensures there are sufficient funds to cover 6 monthes of administrative costs.” — page 5
Funders the charity credits
- National Lottery Heritage Fund
Trustees
- DAVID HAROLD FOSTERchair
- Anne Michelle Sanders
- DAVID MICHAEL HOLMES
- Daniel James Wigg
- Ivan Martin Ginger
- Roger William Tipton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £119k | £65k |
| 31/03/2024 | £25k | £19k |
| 31/03/2023 | £39k | £53k |
| 31/03/2022 | £28k | £27k |
| 31/03/2021 | £60k | £42k |
Common questions
Is THE 2874 TRUST LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted net income increased to £10,561 from £3,303 in the prior year, driven by a National Heritage Lottery Fund grant. The charity maintains a reserves policy targeting six months of administrative costs and holds total net assets of £87,605, which the trustees confirm are sufficient to manage activities for the foreseeable future. Its FY2025 accounts were independently examined.
Who funds THE 2874 TRUST LIMITED?
Funders whose own accounts filings name THE 2874 TRUST LIMITED as a grant recipient include THE ADRIAN SWIRE CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE ADRIAN SWIRE CHARITABLE TRUST | FY2023 | £5k | |
| THE ADRIAN SWIRE CHARITABLE TRUST | FY2022 | £5k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 04/07/2024 | £151k | "Heritage Engineering - Skills from the past preserved and developed for the future" |
| The National Lottery Heritage Fund | 27/07/2020 | £3k | "COVID19:The 2874 Trust Ltd" |
| The National Lottery Heritage Fund | 14/11/2018 | £57k | "Heritage Engineering, skill and expertise building through practical work projects on historic steam locomotives" |
Charities like this
- THE A1 STEAM LOCOMOTIVE TRUST
- WESTERN LOCOMOTIVE ASSOCIATION LIMITED
- OSWESTRY STATION BUILDING TRUST LIMITED
- STATFOLD NARROW GAUGE MUSEUM TRUST LTD
- RICHMONDSHIRE BUILDING PRESERVATION TRUST LTD
- PHYLLIS RAMPTON NARROW GAUGE RAILWAY TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE 2874 TRUST LIMITED | £119k | — | 0 | unclear | — | no doubt |
| THE A1 STEAM LOCOMOTIVE TRUST | £1.2m | — | 0 | unclear | — | no doubt |
| WESTERN LOCOMOTIVE ASSOCIATION LIMITED | £191k | — | 0 | unclear | — | no doubt |
| OSWESTRY STATION BUILDING TRUST LIMITED | £337k | — | 0 | above | — | no doubt |
| STATFOLD NARROW GAUGE MUSEUM TRUST LTD | £3.2m | — | 0 | unclear | — | noted |
| RICHMONDSHIRE BUILDING PRESERVATION TRUST LTD | £2.2m | — | 0 | above | — | no doubt |