Finance Score: -4

Governance Score: 2

Support Score: 3

Low unrestricted reserves: -2
Accounts filed more than 5 days late: -2 times

Good trustee age range: +3
Mainly male board: -1

Grant maker support: +3

Overall GiG Score: 1

THE A1 STEAM LOCOMOTIVE TRUST

To build, preserve, operate and exhibit for public benefit, for educational benefit and instructional purposes locomotives of historical or scientific importance, in particular a peppercorn class A1 express passenger locomotive.

Analysis by Giving is Great

Positives:

There have been no income shortfalls in recent years
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age

Regulatory & Governance issues to consider:

One or more trustees receive benefits from the charity
The Board is predominantly male

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
Accounts have been filed late on 2 occasions over the last 5 years and the current period appears to have been extended

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	*	£1,652	£682	£970	£293	£7,964	£9	0.2	7	15
31/03/22		£1,924	£1,835	£90	£1,252	£6,179	£9	0.1	7	100
31/03/21		£1,635	£878	£758	£250	£6,090	£0	n/a	7	119
31/03/20	*	£2,009	£1,402	£607	£1,015	£5,332	£0	n/a	8	85
31/03/19		£1,507	£1,231	£276	£854	£4,725	£4,603	44.9	5	160
31/03/18		£1,863	£1,508	£356	£1,166	£4,450	£4,441	35.3	2	0
31/03/17		£1,407	£1,027	£381	£761	£4,094	£4,085	47.8	1	0
31/03/16		£956	£949	£7	£801	£3,713	£3,705	46.9	1	0
31/03/15		£929	£599	£330	£599	£3,706	£3,697	74.1	1	0
31/03/14		£812	£635	£177	£632	£3,383	£3,374	63.8	0	0
31/03/13		£1,064	£578	£486	£575	£3,206	£2,697	56	0	0
31/03/12		£591	£356	£235	£353	£2,720	£2,611	88.1	0	0
31/03/11		£707	£643	£64	£189	£2,485	£2,476	46.2	0	0
31/03/10		£551	£207	£343	£11	£2,421	£2,421	140.1	0	0
31/03/09		£511	£71	£440	£40	£2,078	£2,078	351.1	0	0
31/03/08		£284	£53	£232	£0	£0	£0	n/a	0	0
31/03/07		£262	£56	£206	£0	£0	£0	n/a	0	0
31/03/06		£176	£45	£131	£0	£0	£0	n/a	0	0
31/03/05		£154	£42	£112	£0	£0	£0	n/a	0	0
31/03/04		£153	£45	£108	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 18.4%
Fundraising Costs/Total Spending: 42.9%
Highest pay band: Less than £60,000
Liabilities/Assets: 7%
Liabilities/Income: 38%
Unrestricted Funds/Total Funds: 0%
Reserves/Spending: 0.2 months
Net Current Assets/Spending: 71 months
Quick Ratio: 0.8

Asset Split ?

Established: 31 years

www.a1steam.com

enquiries@a1steam.com

01325460163

Charity Commission for England and Wales

Tweets

Listed activities

Environment/Conservation/Heritage

GiG Classification

Museums, parks, historical sites

How it operates

Other charitable activities

Where it operates

Scotland, Throughout England And Wales,

Who it helps

The General Public/Mankind

Who works here?

7 employees
15 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
DCMS - CRF21: The A1 Steam Locomotive Trust
£11,100	08/03/2021	Culture Recovery Fund for Heritage 2020-21
DCMS - CRF20:The A1 Steam Locomotive Trust
£153,000	14/10/2020	Culture Recovery Fund for Heritage 2020-21

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

Age Range of Trustees:

BENJAMIN MARK MCDONALD Appointed: 2020, Occupation: Mechanical Engineer

ELIZABETH ALEXANDRA ROSS GIBSON Appointed: 2023, Occupation: Laboratory Manager

RICHARD JOHN COURTENEY-HARRIS MBE Appointed: 2020

COLONEL STEPHEN DAVIES MBE (Chair) Appointed: 2019, Other trusteeships: BALA LAKE RAILWAY TRUST, THE FRIENDS OF THE SIERRA LEONE NATIONAL RAILWAY MUSEUM, THE ARMY MUSEUMS OGILBY CIO,

GRAHAM LANGER Appointed: 2017, Occupation: Farmer

JAMES CHRISTOPHER WALKER Appointed: 2014, Occupation: Retired

Legal constitution

Charitable company registered in England & Wales on 21/06/1993, number: 1022834
Registered at Companies House on 12/08/1991, number: 02636924

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Paying staff
Risk management
Safeguarding policy and procedures
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

20 returns made; AR23: 47 days late, AR20: 11 days late,

Main office

Darlington Locomotive Works
9 Bonomi Way
DARLINGTON
County Durham
DL3 0PY

Objectives

(1) TO STUDY, RESEARCH, PRESERVE, RESTORE, DESIGN, CONSTRUCT, DEVELOP, ENHANCE, MAINTAIN AND OPERATE STEAM LOCOMOTIVES AND ALL OTHER ASPECTS OF THE RAILWAY HERITAGE OF THE LONDON & NORTH EASTERN RAILWAY FOR THE PUBLIC BENEFIT FOR EDUCATIONAL AND INSTRUCTIONAL PURPOSES, INCLUDING WITHOUT LIMITATION, THE COMPANY'S EXISTING PEPPERCORN CLASS A1 LOCOMOTIVE, 'TORNADO' A GRESLEY CLASS P2 LOCOMOTIVE AND THE KYLCHAP DOUBLE BLAST PIPE AND CHIMNEY; AND(2) TO PRESERVE AND IMPROVE THE GENERAL, HISTORICAL, ENGINEERING AND SCIENTIFIC KNOWLEDGE AND EXPERTISE REGARDING THE ABOVE RAILWAY HERITAGE, FOR THE PUBLIC BENEFIT FOR EDUCATIONAL AND INSTRUCTIONAL PURPOSES.

Defined Area of Benefit:

NOT DEFINED

Data Sources