EAST LANCASHIRE RAILWAY TRUST LIMITED
The charity aims to educate the public on technical matters relating to railways, their construction and maintenance, engines, steam tractions and engineering skills and the importance of the railway in the industrial and social history of the towns and villages on the line from Heywood to Rawtenstall.
Financial health, per its FY2025 accounts
The accounts state that the Trust reported a net expenditure of £10,540 for the year, resulting in a decrease in total funds to £932,018. The Trustees acknowledge that current cash reserves are insufficient to meet medium-term maintenance obligations, though they believe sufficient financial reserves have been secured to continue operations. Free reserves were reported at £107,228, which the Trustees consider below the level needed given the nature of future expenditure.
What the accounts disclose
“Other income 4 44,158” — page 13
“The Trustees consider that, given the nature of future expenditure, the Trust should aim to increase its free reserves.”
Property (HM Land Registry)
Trustees
- BRIAN JOHN DAVIES JPchair
- COUNCILLOR ANNE CHEETHAM
- Cllr. Peter Rush
- Cllr. Sean Michael Serridge
- Cllr. William Mark Sheerin
- Councillor Janice Johnson
- Michael Kelly
- Richard Law
- Roy Chapman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £87k | £97k |
| 31/03/2024 | £73k | £207k |
| 31/03/2023 | £50k | £156k |
| 31/03/2022 | £50k | £64k |
| 31/03/2021 | £50k | £333k |
Common questions
Is EAST LANCASHIRE RAILWAY TRUST LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the Trust reported a net expenditure of £10,540 for the year, resulting in a decrease in total funds to £932,018. The Trustees acknowledge that current cash reserves are insufficient to meet medium-term maintenance obligations, though they believe sufficient financial reserves have been secured to continue operations. Free reserves were reported at £107,228, which the Trustees consider below the level needed given the nature of future expenditure. Its FY2025 accounts were audited by Horsfield & Smith.