Finance Score: -7

Governance Score: -2

Support Score: 3

Low unrestricted reserves: -2
Fundraising costs high: -5

No volunteer policy: -2
Good trustee age range: +3
All male board: -3

Grant maker support: +3

Overall GiG Score: -6

EAST LANCASHIRE LIGHT RAILWAY COMPANY LIMITED

To preserve, restore and operate the railway lines, together with such lands and buildings adjacent thereto in Greater Manchester and Lancashire and in particular the East Lancashire Railway line, for the advancement of technical, historical and general education and for the permanent preservation, of steam and other railway locomotives, rolling stock, road vehicles, equipment and relics.

Analysis by Giving is Great

Positives:

The charity has received backing from a grant maker
The Board appears to be well diversified in terms of age

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
Although this charity works with volunteers it does not have a Volunteer Management policy
The Board is completely male

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
Fundraising costs are extremely high relative to funds raised

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
31/12/22	£5,130	£5,246	£-115	£4,033	£1,404	£1,231	2.8	64	812
31/12/21	£4,573	£4,019	£554	£2,598	£1,525	£1,345	4	58	777
31/12/20	£3,269	£2,895	£374	£1,882	£965	£776	3.2	60	758

Show financials table -->

Download accounts

Financial Ratios

Fundraising Costs/Relevant Income: 1070.5%
Fundraising Costs/Total Spending: 83.2%
Senior Staff Costs/Total Spending: 1%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 77%
Liabilities/Income: 91%
Unrestricted Funds/Total Funds: 88%
Reserves/Spending: 2.8 months
Net Current Assets/Spending: 0 months
Quick Ratio: 0.7

Asset Split ?

Established: 4 years
(38 years as a company)

www.eastlancsrailway.org.uk

finance.team@eastlancsrailway.co.uk

03333202830

Charity Commission for England and Wales

Tweets

Listed activities

Recreation

GiG Classification

Museums, parks, historical sites

How it operates

Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides services

Where it operates

Bury, Lancashire, Rochdale,

Who it helps

Children/Young People
People With Disabilities
The General Public/Mankind

Who works here?

64 employees
812 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 East Lancashire Light Railway Company Limited
£100,000	08/03/2021	Culture Recovery Fund for Heritage 2020-21
DCMS - CRF20: East Lancashire Light Railway Company Limited
£594,000	14/10/2020	Culture Recovery Fund for Heritage 2020-21

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

Gender Split

Age Range of Trustees: 45-77

CARL PHILLIPS Appointed: 2019, Occupation: Railway Operations Director

GARY THOMAS Appointed: 2021

SEAN MICHAEL LEA Appointed: 2021, Occupation: Director

DAVID LAYLAND Appointed: 2013, Occupation: Financial Controller

KEITH WHITMORE Appointed: 2022, Occupation: Director, Other trusteeship: EAST LANCASHIRE RAILWAY HOLDINGS COMPANY LIMITED,

ROBERT CHAPMAN Appointed: 2020, Occupation: Director

ALAN LEE Appointed: 2018, Occupation: Engineering Consultant, Other trusteeship: EAST LANCASHIRE RAILWAY HOLDINGS COMPANY LIMITED,

GRAHAM THORNTON Appointed: 2018, Occupation: Traction Manager, Other trusteeship: EAST LANCASHIRE RAILWAY HOLDINGS COMPANY LIMITED,

MICHAEL KELLY Appointed: 2018, Occupation: Regulator, Other trusteeships: EAST LANCASHIRE RAILWAY TRUST LIMITED, EAST LANCASHIRE RAILWAY HOLDINGS COMPANY LIMITED,

RICHARD LAW Appointed: 2018, Occupation: Civil Engineer, Other trusteeship: EAST LANCASHIRE RAILWAY TRUST LIMITED,

Legal constitution

Charitable company registered in England & Wales on 28/11/2019, number: 1186648
Registered at Companies House on 29/05/1986, number: 02023981

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

Conflicting interests
Paying staff
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

3 returns made; all on time

Main office

EAST LANCASHIRE RAILWAY
BOLTON STREET STATION
BOLTON STREET
BURY
BL9 0EY

Objectives

THE CHARITY'S OBJECTS ('OBJECTS') ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING:TO ADVANCE EDUCATION FOR THE BENEFIT OF THE PUBLIC IN THE HISTORY, CONSTRUCTION, ENGINEERING AND OPERATION OF THE EAST LANCASHIRE RAILWAY BY:A) THE ACQUISITION, RESTORATION, PRESERVATION AND OPERATION OF HERITAGE RAILWAY LOCOMOTIVES, CARRIAGES, WAGONS, STATION BUILDINGS, TRACK BETWEEN RAWTENSTALL AND HEYWOOD AND OTHER ASSOCIATED HERITAGE INFRASTRUCTURE; ANDB) THE ESTABLISHMENT AND MAINTENANCE OF A MUSEUM.

Data Sources