BRESSINGHAM STEAM PRESERVATION COMPANY LIMITED
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £59,280 for the year ended 28 February 2025, resulting in total funds decreasing to £2,805,187. Per the trustees' report, unrestricted reserves of £2,785,955 are maintained well above the stated policy target of three months' expenditure, with cash reserves held at £150,000. The trustees confirm the entity has adequate resources to continue in operational existence for the foreseeable future with no material uncertainties.
What the accounts disclose
“The policy of the Trustees is to maintain sufficient free reserves to ensure it can withstand unexpected fluctuations in income and expenditure. Cash reserves are currently maintained at £150k which is in line with three months expenditure without cash income.” — page 5
“In the prior year we were not appointed as auditors of the group or of the parent charitable company until after the 29 February 2024 and thus did not observe the counting of physical stocks valued at £77,932 at 29 February 2024.” — page 8
“At the year end, £10,000 (2024: £10,000) was due to C R Leah, a Trustee of the Company. This amount is included within creditors due within one year as other loans.” — page 40
“Total donations from Trustees amounted to £30 (2024: £nil).” — page 40
“At the year end, £10,000 (2024: £10,000) was due to C R Leah, a Trustee of the Company. This amount is included within creditors due within one year as other loans.” — page 40
“Total donations from Trustees amounted to £30 (2024: £nil).” — page 40
Structured financials (annual return, FY ending 28/02/2025)
Register events
- Received assets from another charity (05/02/2024)
- Received assets from another charity (23/06/2020)
Trustees
- CHRISTOPHER RICHARD LEAHchair
- Alex William Gardner-Collis
- CAROL ANN BUSTARD
- JOHN WILSON
- Julia Veronica Phillips
- PATRICIA ANN MEADE
- Robert Wesley Ellis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £1.0m | £1.1m |
| 29/02/2024 | £1.0m | £1.0m |
| 28/02/2023 | £829k | £903k |
| 28/02/2022 | £932k | £846k |
| 28/02/2021 | £875k | £595k |
Common questions
Is BRESSINGHAM STEAM PRESERVATION COMPANY LIMITED financially healthy?
The accounts state that the charity reported a net deficit of £59,280 for the year ended 28 February 2025, resulting in total funds decreasing to £2,805,187. Per the trustees' report, unrestricted reserves of £2,785,955 are maintained well above the stated policy target of three months' expenditure, with cash reserves held at £150,000. The trustees confirm the entity has adequate resources to continue in operational existence for the foreseeable future with no material uncertainties. Its FY2025 accounts were audited by PEM Audit Limited.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 11/05/2020 | £55k | "COVID19 Bressingham Steam Preservation Company" |
| The National Lottery Heritage Fund | 07/03/2002 | £547k | "Royal Scot Project, Diss" |