EAST LANCASHIRE LIGHT RAILWAY COMPANY LIMITED
To preserve, restore and operate the railway lines, together with such lands and buildings adjacent thereto in Greater Manchester and Lancashire and in particular the East Lancashire Railway line, for the advancement of technical, historical and general education and for the permanent preservation, of steam and other railway locomotives, rolling stock, road vehicles, equipment and relics.
Financial health, per its FY2022 accounts
The accounts state that the group reported a net expenditure of £115,498 for the year ended 31 December 2022, resulting in a decrease in total funds. The trustees note that the charity is dependent on a related entity for the maintenance of key railway structures and are concerned about ongoing economic pressures impacting income, though they believe sufficient reserves exist to continue as a going concern.
What the accounts disclose
“The directors are concerned by the ongoing economic pressures. The cost of living crisis is impacting on the public donations and income available from the trading company. In order to complete the ambitious plans for the future funding sources need to be identified.” — page 7
“The subsidiary East Lancashire Railway Limited (company number 12381729) is a wholly owned trading company.” — page 20
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- ALAN LEE
- Carl Phillips
- DAVID LAYLAND
- GRAHAM THORNTON
- Gary Thomas
- Keith Whitmore
- Michael Kelly
- Richard Law
- Robert Chapman
- Sean Michael Lea
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £5.2m | £5.6m |
| 31/12/2023 | £5.5m | £5.9m |
| 31/12/2022 | £5.1m | £5.2m |
| 31/12/2021 | £4.6m | £4.0m |
| 31/12/2020 | £3.3m | £2.9m |
Common questions
Is EAST LANCASHIRE LIGHT RAILWAY COMPANY LIMITED financially healthy?
Per its FY2022 accounts: The accounts state that the group reported a net expenditure of £115,498 for the year ended 31 December 2022, resulting in a decrease in total funds. The trustees note that the charity is dependent on a related entity for the maintenance of key railway structures and are concerned about ongoing economic pressures impacting income, though they believe sufficient reserves exist to continue as a going concern. Its FY2022 accounts were audited by Horsfield & Smith.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 30/11/2006 | £1.9m | "Bury Transport Museum" |