THE DIESEL AND ELECTRIC PRESERVATION GROUP LIMITED
The principal activity of the company is to advance the education of the public in the history and development of diesel traction on the railways of the West of England by the preservation and operation of diesel locomotives and associated equipment on the West Somerset railway.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a healthy operating surplus of £57,338 for the year ended 31 December 2024, driven by increased donations and membership revenue. However, the trustees report a deficiency in free unrestricted reserves of £168,256, largely due to a £250,000 provision allocated for the repair of the Old Goods Shed. Despite this shortfall, the trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The recognition of a provision in 2022 for the repair of the Old Goods Shed has resulted in a deficiency of free reserves of £168,256 (2023: £118,668).” — page 6
Funders the charity credits
- Rolls-Royce Heritage Trust
Trustees
- Martin Neil Howardchair
- Andrew William Royal
- Ian William Robins
- Linda Elisabeth Trott
- Neil McCannon
- PAUL JOHN TUCKER
- Thomas Douglas Courtney-Clark
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £82k | £70k |
| 31/12/2023 | £94k | £75k |
| 31/12/2022 | £118k | £321k |
| 31/12/2021 | £60k | £45k |
| 31/12/2020 | £35k | £39k |
Common questions
Is THE DIESEL AND ELECTRIC PRESERVATION GROUP LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a healthy operating surplus of £57,338 for the year ended 31 December 2024, driven by increased donations and membership revenue. However, the trustees report a deficiency in free unrestricted reserves of £168,256, largely due to a £250,000 provision allocated for the repair of the Old Goods Shed. Despite this shortfall, the trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 07/01/1997 | £54k | "Diesel Locomotives maintenance facility and heritage centre" |