Finance Score: 0

Governance Score: 6

Support Score: 6

Liabilities <10%: +3
Excess reserves: -3

Good trustee age range: +3
Gender balanced board: +3

Grant maker support: +6

Overall GiG Score: 12

BRESSINGHAM STEAM PRESERVATION COMPANY LIMITED

The conservation and restoration of exhibits relating to Britain's steam heritage and the presentation of these exhibits for the education and enjoyment of the general public.

Analysis by Giving is Great

Positives:

The charity has received backing from a grant maker
This charity has a robust balance sheet
Spending has increased over the last 3 years relative to the previous period
There have been no material income shortfalls in recent years
The Board appears to be well diversified in terms of age and gender

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £2,814,639 available, equivalent to 37 months of spending and so may not be able to utilise additional funding

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
28/02/23		£829	£903	£-74	£75	£2,829	£2,815	37.4	21	120
28/02/22		£932	£846	£86	£106	£2,903	£2,883	40.9	15	80
28/02/21		£875	£595	£280	£38	£2,807	£2,671	53.9	17	80
29/02/20		£778	£768	£10	£65	£2,537	£2,515	39.3	15	80
28/02/19		£761	£759	£1	£72	£2,506	£2,488	39.3	15	80
28/02/18		£779	£716	£63	£68	£2,526	£2,515	42.2	16	0
28/02/17		£760	£689	£70	£66	£2,463	£2,451	42.7	22	0
28/02/16		£681	£661	£21	£69	£2,437	£2,430	44.1	9	0
28/02/15		£715	£668	£47	£80	£2,397	£2,390	42.9	9	0
28/02/14		£731	£661	£70	£81	£2,370	£2,370	43	7	0
28/02/13		£715	£686	£29	£83	£2,300	£2,300	40.2	8	0
28/02/12		£848	£891	£-44	£94	£2,271	£2,271	30.6	8	0
28/02/11		£757	£973	£-216	£102	£1,883	£1,883	23.2	12	0
28/02/10		£771	£1,407	£-636	£107	£2,099	£1,541	13.1	14	0
28/02/09		£844	£880	£-36	£99	£2,736	£2,178	29.7	18	0
29/02/08		£902	£835	£67	£100	£2,772	£2,244	32.3	16	0
28/02/07		£853	£742	£111	£66	£2,724	£2,243	36.3	16	0
28/02/06		£851	£745	£106	£0	£0	£0	n/a	0	0
28/02/05	*	£533	£529	£4	£0	£0	£0	n/a	0	0
29/02/04	*	£521	£525	£-4	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 10.5%
Fundraising Costs/Total Spending: 8.3%
Highest pay band: Less than £60,000
Liabilities/Assets: 5%
Liabilities/Income: 17%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 37.4 months
Net Current Assets/Spending: 5 months
Quick Ratio: 3.2

Asset Split ?

Established: 51 years

www.bressingham.co.uk

info@bressingham.co.uk

01223515746

Charity Commission for England and Wales

Listed activities

Education/Training
Environment/Conservation/Heritage

GiG Classification

Museums, parks, historical sites

How it operates

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

Where it operates

Norfolk,

Who it helps

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

Who supports 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.

Major supporters in last 5 years

DCMS	£236,484
Garfield Weston Foundation	£100,000
National Lottery Heritage Fund	£55,000

Specific Donations

Amount	When Months	To be used for
Garfield Weston Foundation - WCF award - COVID19 response
£100,000	12/02/2021	Weston Culture Fund
National Lottery Heritage Fund - Grant to Bressingham Steam Preservation Company Limited
£55,000	14/05/2020	COVID19 Bressingham Steam Preservation Company
DCMS - Bressingham Steam Museum: Culture Recovery Fund
£193,409	01/04/2020	To support Arts and Culture throughout England
DCMS - Bressingham Steam Museum: Culture Recovery Fund Round 2
£43,075	01/04/2020	To support Arts and Culture throughout England

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Age Range of Trustees: 34-77

ALEX WILLIAM GARDNER-COLLIS Appointed: 2020, Occupation: Retail Manager

CAROL ANN BUSTARD Appointed: 2009, Occupation: Consultant

CHRISTOPHER RICHARD LEAH (Chair) Appointed: 2007, Occupation: Retired, Other trusteeship: FRIENDS OF SOMERSHAM PARISH CHURCH,

JOHN WILSON Appointed: 2011, Occupation: Retired

JULIA VERONICA PHILLIPS Appointed: 2015, Occupation: Finance Director

PATRICIA ANN MEADE Appointed: 2010, Occupation: Business Consultant

ROBERT WESLEY ELLIS Appointed: 2014, Occupation: Lecturer

Legal constitution

Charitable company registered in England & Wales on 31/10/1973, number: 266374
Registered at Companies House on 22/08/1973, number: 01130628

Gift Aid

Registered with HMRC for Gift Aid

Event History

23/06/2020 - Asset transfer in from HAMPSHIRE NARROW GAUGE RAILWAY TRUST
05/02/2024 - Asset transfer in from NORFOLK HERITAGE STEAM RAILWAY LIMITED

Policies in force

Complaints handling
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Trustee conflicts of interest policy and procedures
Volunteer management

Filing Record

20 returns made; AR05: 92 days late, AR04: 148 days late,

Recent reorganisation events:

Asset transfer in from HAMPSHIRE NARROW GAUGE RAILWAY TRUST on 23/06/2020
Asset transfer in from NORFOLK HERITAGE STEAM RAILWAY LIMITED on 05/02/2024

Main office

Bressingham Steam
Low Road
Bressingham
Diss
IP22 2AA

Objectives

(I) TO PROMOTE THE PERMANENT PRESERVATION FOR THE BENEFIT OF THE PUBLIC GENERALLY OF LIVE STEAM TRANSPORTATION ENGINES AND ALLIED RELICS OF HISTORICAL AND TECHNICAL INTEREST AND (II) TO MAINTAIN ENCOURAGE AND CONTINUE THE ESTABLISHMENT OF A LIVE STEAM MUSEUM AT BRESSINGHAM IN THE COUNTY OF NORFOLK.

Defined Area of Benefit:

NOT DEFINED

Data Sources