THE HEAVY TRACTOR GROUP 37714
The preservation of a Class 37 diesel locomotive 37714 and Custodians of the National Railway Museums Class 37 D6700
Objects
THE OBJECTS FOR WHICH THE CHARITY IS ESTABLISHED FOR (“THE OBJECTS”) ARE TO ADVANCE THE EDUCATION OF THE PUBLIC THROUGH THE PRESERVATION, OPERATION AND EXHIBITION OF AN ENGLISH ELECTRIC CLASS 37/7 DIESEL LOCOMOTIVE, THE MAINTENANCE OF BOOKS, RECORDS, DRAWINGS , DOCUMENTS SOUND AND VISUAL RECORDINGS, FILMS, PHOTOGRAPHS AND ARTEFACTS RELATING TO SUCH LOCOMOTIVES OR COMPONENTS, ASSISTING OTHER DIESEL LOCOMOTIVE GROUPS/CHARITIES WITH THE PROVISION OF PARTS AND TECHNICAL ASSISTANCE AND THE TRAINING FOR ENGINEERING APPRENTICES.
Financial health, per its FY2025 accounts
The accounts state that total unrestricted funds increased to £70,033, up from £42,767 in the prior year, driven by a net income of £27,266. The trustees' report indicates a reserves policy aiming for £1,500 in the bank account after committed costs, a target significantly exceeded by the current reserves. The charity operates on a volunteer basis with no employees and maintains strong relationships with heritage railways and engineering partners.
What the accounts disclose
“The aim is for the bank account to always have £1500 in credit after allowing for any committed costs.” — page 4
“Other loans - A Gillett 3,600”
“Membership fees/donations received in the year from group members totalled £360” — page 13
“Other loans - A Gillett 3,600”
“Membership fees/donations received in the year from group members totalled £360” — page 13
Policies the charity declares
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Risk management
- Safeguarding policy and procedures
- Social media policy and procedures
- Volunteer management
Trustees
- Andy Gillett MBEchair
- John Michael Johnson
- Nigel Ernest Ball
- Rory Charles Capell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/01/2025 | £101k | £73k |
| 30/01/2024 | £26k | £19k |
| 30/01/2023 | £19k | £23k |
| 30/01/2022 | £12k | £11k |
Common questions
Is THE HEAVY TRACTOR GROUP 37714 financially healthy?
Per its FY2025 accounts: The accounts state that total unrestricted funds increased to £70,033, up from £42,767 in the prior year, driven by a net income of £27,266. The trustees' report indicates a reserves policy aiming for £1,500 in the bank account after committed costs, a target significantly exceeded by the current reserves. The charity operates on a volunteer basis with no employees and maintains strong relationships with heritage railways and engineering partners. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ADRIAN SWIRE CHARITABLE TRUST | 1 | £10k |
Charities like this
- THE 2874 TRUST LIMITED
- NORTH EASTERN LOCOMOTIVE PRESERVATION GROUP
- WESTERN LOCOMOTIVE ASSOCIATION LIMITED
- THE A1 STEAM LOCOMOTIVE TRUST
- CHINNOR AND PRINCES RISBOROUGH RAILWAY ASSOCIATION LIMITED
- THE MID-NORFOLK RAILWAY PRESERVATION TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE HEAVY TRACTOR GROUP 37714 | £101k | — | 0 | above | — | no doubt |
| THE 2874 TRUST LIMITED | £119k | — | 0 | unclear | — | no doubt |
| NORTH EASTERN LOCOMOTIVE PRESERVATION GROUP | £226k | — | 0 | unclear | — | no doubt |
| WESTERN LOCOMOTIVE ASSOCIATION LIMITED | £191k | — | 0 | unclear | — | no doubt |
| THE A1 STEAM LOCOMOTIVE TRUST | £1.2m | — | 0 | unclear | — | no doubt |
| CHINNOR AND PRINCES RISBOROUGH RAILWAY ASSOCIATION LIMITED | £200k | — | 0 | above | — | no doubt |