MERCHANT NAVY LOCOMOTIVE PRESERVATION SOCIETY LIMITED

Registered charity 266801 · accounts filings on the Charity Commission register · also known as M N L P S LTD

The object and principal activity of the M.N.L.P.S. is to preserve and maintain in an operational condition, to main line standards, ex-British Railways Southern Region 'Merchant Navy' Class locomotive No. 35028 'Clan Line' and to encourage and promote public interest in the preservation of steam and other railway locomotives and rolling stock, railway machinery & equipment of historical interest.

Objects

TO PRESERVE AND MAINTAIN IN OPERATIONAL CONDITIONS EX SOUTHERN REGION MERCHANT NAVY CLASS LOCOMOTIVE "35028" "CLAN LINE" AS AT THE TIME OF WITHDRAWAL AND TO ENCOURAGE AND PROMOTE PUBLIC INTEREST IN THE PRESERVATION OF STEAM AND OTHER RAILWAY LOCOMOTIVES AND ROLLING STOCK MACHINERY AND EQUIPMENT OF HISTOICAL INTEREST AND IN RAILWAYS LOCOMOTIVES ROLLING STOCK AND RAILWAY MACHINERY AND EQUIPMENT GENERALLY. (FOR FURTHER DETAILS SEE CLAUSE 3 OF MEMORANDUM OF ASSOCIATION)

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Environment/conservation/heritage · website · Get email alerts

Latest income
£453k
Latest spending
£340k
Registered
1975
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity recorded a financial surplus of £113,071 for the year ended 31 December 2025, bringing unrestricted fund balances to £444,746. The trustees maintain a policy of keeping sufficient free reserves to sustain indefinite operation, which they report is currently met. The independent examiner confirmed that no matters came to their attention requiring further understanding of the accounts.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: sufficient funds as free reserves of the Company at a level to sustain indefinite operation (held: £445k)
“they continue their policy of maintaining sufficient funds as free reserves of the Company at a level to sustain indefinite operation.”
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: MNLPS (Operating) Limited
“M.N.L.P.S. Limited is the sole shareholder in a subsidiary company MNLPS (Operating) Limited, which is responsible, under a fee-payable licence issued to it by the Society, for the operation and day-to-day maintenance (excluding major overhauls) of the locomotive.” — page 3
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2025£453k£340k
31/12/2024£455k£571k
31/12/2023£298k£248k
31/12/2022£177k£201k
31/12/2021£164k£70k

Common questions

Is MERCHANT NAVY LOCOMOTIVE PRESERVATION SOCIETY LIMITED financially healthy?

Per its FY2025 accounts: The accounts state that the charity recorded a financial surplus of £113,071 for the year ended 31 December 2025, bringing unrestricted fund balances to £444,746. The trustees maintain a policy of keeping sufficient free reserves to sustain indefinite operation, which they report is currently met. The independent examiner confirmed that no matters came to their attention requiring further understanding of the accounts. Its FY2025 accounts were independently examined.