GOWRIE LOCOMOTIVE TRUST CIO
(1) The construction of a working, close replica of the narrow gauge steam locomotive GOWRIE, the original of which was built in 1908 by the Hunslet Engine Co. of Leeds (works number 979) for the North Wales Narrow Gauge Railway to Fairlie's Patent Design. Modifications to the original design shall be limited to those necessary to comply with appropriate legislation in force at the time
Financial health, per its FY2025 accounts
The accounts state that total income for the year was £54,471 against total expenditure of £38,563, resulting in an excess of income over expenditure of £15,908. The charity reports closing net current assets of £44,525, which is above its stated reserves policy target of £2,500. No material uncertainties regarding the charity's ability to continue as a going concern are disclosed.
What the accounts disclose
“We aim to hold a balance of £2,500 in reserve at all times to cover any emergency expenditure”
Register events
- Received assets from another charity (23/06/2020)
Trustees
- Alan Freeburychair
- ANDREW MARTYN GEOFFREY ASHWORTH
- DAVID HARLAND SMITH
- John Taylor
- Joseph William Evans
- Marion Allen
- Nigel Freebury
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £54k | £39k |
| 31/03/2024 | £65k | £67k |
| 31/03/2023 | £96k | £76k |
| 31/03/2022 | £34k | £19k |
| 31/03/2021 | £20k | £16k |
Common questions
Is GOWRIE LOCOMOTIVE TRUST CIO financially healthy?
Per its FY2025 accounts: The accounts state that total income for the year was £54,471 against total expenditure of £38,563, resulting in an excess of income over expenditure of £15,908. The charity reports closing net current assets of £44,525, which is above its stated reserves policy target of £2,500. No material uncertainties regarding the charity's ability to continue as a going concern are disclosed.