North Yorkshire Moors Railway Trust
Financial health, per its FY2025 accounts
The accounts state that the group recorded a surplus of £728,028 for the year ended 28 February 2025, a significant improvement from the previous year's deficit. However, the charity holds no free reserves, with unrestricted general funds in a deficit position of £3,242,051, which the trustees attribute to the high cost of maintaining heritage assets. The group remains dependent on bank facilities and donor support to manage its seasonal cash flow and ongoing operational costs.
What the accounts disclose
“This position has made the highly desirable building of reserves exceptionally difficult, and therefore the Charity, in common with many others in its sector, holds no free reserves. At the year-end, free reserves were in a deficit position of £3,242,051” — page 22
“£39,130 was paid for the hire of locomotives to the North Eastern Locomotive Preservation Group, of which Mr A Scott is President” — page 68
“£500 was paid to the Esk Valley Railway Development company, of which Mr J Swift is a Director” — page 68
“£39,130 was paid for the hire of locomotives to the North Eastern Locomotive Preservation Group, of which Mr A Scott is President” — page 68
“£500 was paid to the Esk Valley Railway Development company, of which Mr J Swift is a Director” — page 68
“The financial statements cover the activities of the NYMR Group ("the Group") comprising the NYMR and its controlled subsidiary, NYMR plc ("the PLC").” — page 5
Structured financials (annual return, FY ending 28/02/2025)
Trustees
- Jeremy Swiftchair
- Andrew David Mead
- Andrew Edward Stuart
- Andrew John Scott
- COLIN MARTIN
- David Boddy
- David James Slack
- JOHN BRUCE
- JOHN PHILIP CURETON BAILEY
- John Barry Green
- John Donaldson Philip
- Kevin Yeoman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £9.8m | £9.1m |
| 29/02/2024 | £9.6m | £10.1m |
| 28/02/2023 | £7.9m | £8.4m |
| 28/02/2022 | £9.6m | £7.2m |
| 28/02/2021 | £9.9m | £5.5m |
Common questions
Is North Yorkshire Moors Railway Trust financially healthy?
The accounts state that the group recorded a surplus of £728,028 for the year ended 28 February 2025, a significant improvement from the previous year's deficit. However, the charity holds no free reserves, with unrestricted general funds in a deficit position of £3,242,051, which the trustees attribute to the high cost of maintaining heritage assets. The group remains dependent on bank facilities and donor support to manage its seasonal cash flow and ongoing operational costs. Its FY2025 accounts were audited by BHP LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 27/06/2017 | £4.4m | "Yorkshire's Magnificent Journey:- equal access, wider engagement, greater sustainability for England’s most dramatic steam railway (Kickst" |
| The National Lottery Heritage Fund | 11/09/2008 | £998k | "Train of Thought" |
| The National Lottery Heritage Fund | 09/11/2005 | £22k | "Heritage Education and Training Project - North Yorkshire Moors Historical Railway" |
| The National Lottery Heritage Fund | 21/03/2005 | £49k | "Gresley 100, North Yorkshire" |
| The National Lottery Heritage Fund | 18/11/1998 | £312k | "Pickering Station Restoration" |