## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDING 2022** 

The Trustees, who are also Directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

|Registered name of Charity|North Eastern Locomotive Preservation Group|North Eastern Locomotive Preservation Group|
|---|---|---|
|Other name of Charity|NELPG||
|Charity Registration number|1002017||
|Company Registration number|02570979||
|Principal Office and Registered Office|67 The Mount, York, YO24 1AX||
|VAT Registration number|602 1185 91||
|Bankers|Business Banking, Barclays,||
||Leicester, LE87 2BB||
||Co-operative Bank,|29 High Street, Durham, DH1 3PL|
|Independent Examiner|David Holloway FCA DChA||
|of Accounts|Ribchesters, Chartered Accountants,||
||Finchale House, Belmont Business Park, Durham, DH1 1TW||



## **Trustees** 

|Name|Office (if any)|Dates (if not full year)||
|---|---|---|---|
|||From|To|
|R D Bingham||||
|J.D.C. Carr (co-opted)||7 November 2022||
|C.J. Foxton|Chairman||(Chair to Nov. 2022)|
|J.R.P. Hunt (co-opted)|Chairman|7 November 2022||
|P.G. Hutchinson||||
|C.J. Lawson|Secretary to the Trustees||(to 20 May 2022*)|
|R. Marshall|Secretary to the Trustees|13 June 2022||
|P Mason|||29 April 2022|
|R.A. Pearson||||
|I L Storey (co-opted)||25 May 2022||
|R. Wheeler|Treasurer**|||
|P Jameson|Minutes Secretary***|4 August 2022||



* ex-officio Company Secretary to 13 June 2022. 

**The Treasurer is not a Trustee. 

***The Minutes Secretary is not a Trustee. 

Approved by order of the board of Trustees on 22[nd] March 2023 and signed on its behalf by: 


CJ Foxton – Trustee 



## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

The Charity is governed by a Memorandum of Association and Articles of Association, both of which are dated 2[nd] January 1991. 

The Charity is a Charitable Company Limited by Guarantee. 

## **Trustee Selection Methods** 

Directors, who are also Charity Trustees, are elected for three years by Members at the Annual General Meeting. 

Any potential new Trustee must be recommended by the Board, or, if not, notice of not less than forty-two days nor more than seventy-two days must be given to the Company of the intention to propose a person for appointment. Not less than fourteen nor more than thirty-five clear days before the date appointed for holding a General Meeting, notice must be given to Members of those whose approval for appointment as Trustees will be sought at that meeting. If the vacancy resulting from a Trustee retiring by rotation is not filled, then the retiring Trustee will, if willing, be deemed to have been re-appointed. If there are more nominations than there are vacancies, an election is held. Trustees are also directors for the purposes of company law. 

There is an agreed procedure for the appointment of Trustees/Directors on the Charity’s website, which potential nominees are required to follow. All Trustees should participate in the on-line NCVO training programme for Trustees, as part of the formal training and induction programme. 

## **Organisation** 

The Trustees manage the business of the Charity: there must be at least six Trustees and not more than nine. At the end of 2022 there were eight Trustees. The quorum is five. 

Some Trustees are allocated responsibility for a particular part of the Charity’s activities. As well as the specifically elected roles, responsibilities of Trustees include Health and Safety and Publicity. 

**Corporate Trustees: -** There are no Corporate Trustees. 

**Custodian Trustees: -** There are no Custodian Trustees. 

**Trustees holding title to property belonging to the Charity:** - There are no Trustees who hold the title of property belonging to the Charity. 

**People with Significant Control:** - The Company knows or has reasonable cause to believe, that there is no registerable person or registerable relevant legal entity in relation to the Company. 

## **OBJECTIVES AND ACTIVITIES** 

## **Summary of the Purposes of the Charity:** 

The Company was established for the restoration and preservation of steam locomotives and other railwayrelated material with links to the North East of England. 

## **The Charitable Objectives are:** 

“Promoting and encouraging the restoration and preservation of railway locomotives, carriages, wagons and other artefacts of historical interest and buildings, connected therewith in particular, but without prejudice to the generality of the foregoing, those connected with the North East of England, and the preservation of books, drawings, records, documents, sound and visual recordings, cinematograph films and photographs relating to such artefacts and vehicles, their history and their development.” 

## **Activities** 

The Company achieves these objects, primarily, through the ownership, maintenance, operation, and display of four steam locomotives (Class K1 62005, Q6 63395, J27 65894 and J72 69023) which, prior to withdrawal, were operated by British Railways and had worked in the North East of England. 



**The Main, Relevant Activities of the Charity are as follows:** 

- i. Maintaining and overhauling the four locomotives to the relevant statutory standards in locations where, whenever possible, members of the public can observe what is going on and talk to those carrying out the work. This work requires the provision of materials, tools, and equipment. 

- ii. Arranging, whenever possible, for the locomotives to operate either on heritage railways, or the national network. 

- iii. Carrying out as much repair, maintenance, and overhaul work on the locomotives as possible by volunteers who are members of the Charity. Some specialist work is outsourced. 

- iv. Fundraising through the activities of the Board’s Financial Strategy Committee, which also manages the Patron membership scheme. 

- v. Using a building (Deviation Shed), which is open to the public to view, situated at Grosmont on the North Yorkshire Moors Railway (NYMR), for the overhaul, maintenance, and storage of locomotives. 

- vi. Using a building, leased from Darlington Borough Council, located at Hopetown, Darlington, for the overhaul and maintenance of locomotives. 

- vii. Continuing to create and maintain an archive which is developed through frequent appeals to the Group’s membership for additional material. The archive is stored at the National Railway Museum at York, and at the NYMR archive at Pickering. In due course the archived material will be made available to members of the public. 

- viii. Having an open membership, so that everyone can apply for membership. 

- ix. Having a website, much of which is accessible by the public. 

- x. Providing training to those members who wish to help with the maintenance and overhaul of locomotives. Some volunteer members are sponsored for Personal Track Safety (PTS) certification to support running our locomotives on the national network. 

## **ACHIEVEMENTS AND PERFORMANCE** 

## **Summary of the Main Achievements of the Charity in 2022: Another Unusual Year** 

The year 2022 saw the impact of the Covid-19 pandemic recede and a more normal year ensued. Unfortunately, World events had a major impact on energy and material prices, but it is too early to see the financial impact on the Charity. A dry hot Summer restricted income from our two operational locomotives. 

Working parties were held at Carnforth, Deviation Shed, and Hopetown Works. Deviation Shed and Hopetown were reopened to the public. The Board met predominantly using Skype video conferencing software. The AGM (as a ballot) and a livery ballot were conducted by post. 

## **Maintenance and Overhaul** 

Winter maintenance was carried out on the Q6 and J27 in Deviation Shed at Grosmont. The overhaul of the K1 progressed at West Coast Railway Company’s base at Carnforth, with much dismantling and the refurbishment of some components. The J72’s overhaul at Hopetown Works continued. The boiler is slowly taking shape, with work completed on the foundation ring and new platework for the outer firebox in place. The new cylinder block was cast and moved to Middlesbrough for machining. 

## **Operation** 

The Q6 and J27 both operated at the NYMR during the year. Broken stays discovered in the J27 firebox in the Summer prevented a planned hire with the Kent and East Sussex Railway, though a successful visit to the Great Central Railway took place in late September. The total mileage run by the Q6 was 5274 miles. The J27 logged 3369 miles in the year. 

## **Volunteer Input** 

The hours worked by volunteers during 2021 were equivalent to the hours which would have been worked by eight full time persons. 

Our volunteer efforts normally include Junior Volunteers (under 18s). Our JVs are all now over 18. Recruitment of further JVs has lapsed, because of the vacancy for a JV Coordinator. 



## **Building Maintenance** 

At Grosmont, Deviation Shed saw PAT testing of electrical equipment. Tests of lifting gear, ladders and fixed wiring were carried out by the NYMR. The shed roof was repaired following storm damage at the end of 2021. 

Various non-North Eastern Locomotive Preservation Group (NELPG) locomotives have been stored in Deviation Shed during the year. 

A total of £812.60 has been donated to the Charity through the Grosmont collection box by members of the public. 

## **Membership** 

Membership of the Group at the end of 2022 stood at 671 (including joint members). 

## **Social Meetings** 

No meetings were held in 2022, because of Covid-19 and the retirement of the meeting organiser. We hope to find another volunteer to take on this role. 

## **Communications** 

The Charity website holds information about our activities, supplemented by emails to working volunteers. 

The Charity published and distributed six issues of NELPG News, the members bi-monthly magazine. 

A members Open Meeting was held in April and a further meeting to discuss the future of the Charity was held in November. 

A social media policy was produced and published on the Charity website in response to an email incident. 

## **Reporting** 

There have been no matters to report to the Charity Commission in 2022. 

## **Archive** 

We continue to add material to our archive. 

## **FINANCIAL REVIEW** 

## **Year-End Financial Position:** 

At the end of the period under review, the Charity had total funds of £754,181 (2021 = £795,631), a decrease of £41,450. Full details will be found in the Accounts. 

## **Statement Regarding Policy for Holding Reserves:** 

The reserves policy is to provide for unforeseen expenditure, which can sometimes arise when key components of the locomotives require renewal earlier than expected. The policy is to maintain a reserve of £100,000. The Trustees have designated funds to a total value of £371,343 as a "Locomotive Maintenance Fund" to cover the on-going operation and maintenance of our locomotives, and a further £337,211 to a "Locomotive Overhaul Fund" designed to accumulate funds to support major overhauls of our locomotives. 

## **Investment Policy:** 

The investment policy aims to obtain the best available rate of return on a range of accounts with banks and building societies, each investment being at the maximum covered by the Financial Services Compensation Scheme and over a fixed term of the order of 12 months. Some funds are held in two accounts which allow withdrawal in 1 day and 90 days, respectively. A more significant sum is invested in the COIF Charities Global Equity Income Fund for a better rate of return. 

**Details of Funds Materially in Deficit** No funds are materially in deficit. 



## **Uncertainties about the Charity Continuing as a Going Concern** 

At this point in time there are no doubts about the Charity continuing as a going concern. 

## **Principal Sources of Fundraising** 

During 2022 the Charity’s Principal Sources of Fundraising were as follows 

- i Fees paid by those hiring locomotives; 

- ii Donations and grants, particularly in favour of the J72 Appeal; 

- iii Subscriptions, including the Patron Membership Scheme; 

- iv Legacy giving; v Sales. 

## **Risk Management** 

The Trustees have identified the following major risks to which the Charity is exposed. These risks and the systems and procedures to mitigate and respond to them are: 

- i Safe maintenance, overhaul, and operation of the locomotives. The Charity has in place a risk assessment and a procedure for its review. An operating manual is in place for operations at Fort William, supported by appropriate reporting lines and structure, to ensure it is applied in day-to-day operation. There are preventive maintenance procedures and all new volunteers are briefed on safety. To further protect the Charity, it has appropriate insurance. 

- ii Difficult economic conditions. The Charity has in place financial procedures to identify at an early stage the onset of potential problems and to develop plans to respond appropriately. 

- iii Loss of volunteer resources, including sufficient Trustees, and the effect of changes in their age profile and physical ability. The Charity is developing a strategy for ensuring sufficient volunteer resources and skills for the longer term, contracting work out where necessary, but Trustee numbers remain a concern. 

- iv High costs associated with maintaining and operating steam locomotives and increasing costs because of the increasing age of our volunteers resulting in more work having to be carried out on a paid contract basis. A strategy is being developed to ensure that resources are in place as and when they are needed, including the maintenance of a reserve fund. 

- v Difficulties in sourcing affordable coal fuel by heritage railways. Reduced operations as a result and other increased costs could lead to cut backs in steam locomotive use and consequential reductions in our hire income. The Group is engaged with other heritage stakeholders in addressing these issues through its membership of the Heritage Railway Association. 

## **FUNDS HELD AS CUSTODIAN TRUSTEE ON BEHALF OF OTHERS** 

No funds are held as custodian trustee on behalf of others. 

## **PUBLIC BENEFIT STATEMENT** 

## **There are Two Elements to Public Benefit** 

- i The “Public” element – which requires that the purpose of a charity must benefit the public in general or a sufficient section of the public and must not give rise to more than incidental personal development. 

- ii The “Benefit” element – which requires that the purpose of a charity must be beneficial in a way that can be identified and is capable of being proved by evidence where necessary and not based on an individual’s personal views. 

The Trustees of NELPG take the view that the preservation and operation of steam locomotives helps to develop interest in and understanding of the history and development of railways, a mode of transport that had its roots in the North East of England and which played such an important part in the development of the modern world. This is considered “beneficial” even though it is difficult to quantify or measure. 

## **Awareness of Public Benefit Guidance** 

The Trustees confirm their compliance with their duty to have due regard to the Charity Commission’s Public Benefit Guidance when exercising any powers or duties to which the guidance relates. 



## **PLANS FOR FUTURE PERIODS** 

We hope that the Q6 and J27 will see service on the NYMR in 2023. There have been expressions of interest from other heritage railways in hiring both locomotives. The K1 overhaul will continue and we hope to see completion in mid-2023. The J72 overhaul will continue in 2023, with the boiler repair progressed and the completion and fitting of the new cylinder block. 

The move from our workshop at Hopetown will progress and we hope to move to the 1861 Shed in the Darlington Rail Heritage Quarter by September. Some impact on the J72 overhaul is likely. 

As a result of our concentration on navigating our way through the virus situation, the Trustees have been unable to progress several strategic issues which require more focus during 2023. Although beyond the scope of this report, some matters have been progressed and we now have a functioning Locomotive Committee and a Health & Safety group. Further work includes: 

- i Delivery of a long-term strategy for the overhaul, maintenance, and operation of our locomotives. ii Delivery of a long-term financial plan to support the strategy for the overhaul, maintenance, and operation of our locomotives. 

- iii Revision of the Charity’s governance documents, including a review of safety and the Locomotive Maintenance Policy. 

- iv Review of the way in which the organisation is managed, with a view to the Trustees spending less time on day-to-day matters and more on strategic issues. 

- v Development of a long-term strategy aimed at ensuring that successors are available when key persons leave their posts. 

- vi Continued development of IT related systems. 

- vii Continued efforts to improve communications within the Board, within the Group and between the Group and like-minded organisations. 



## **INFORMATION ON FUNDRAISING PRACTICES** 

Although the Charity is not auditable under the guidance issued by the Charity Commission, we are aware of the Fundraising Regulator and we continue to consider the implications for our operations. 

## **Small Company Provisions:** 

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. 

Signed, on behalf of the Company’s Directors / Charity’s Trustees: 


Colin John Foxton (Chairman of the Board of Trustees 2022) 

Date: 22[nd] March 2023 


Roy Marshall (Company Secretary and Secretary to the Board of Trustees) 

Date: 22[nd] March 2023 



REGisfERED COMPANI. NII%IBF.R= 02570979 {England and Wales)
REGISTERF.D CHARITh NLNIBER: 1002017
REPORTOFTHETRDSTEESAND
FINANCIAL STATE.MENtS
FOR THE YEAR ENDED 3A DECE￿IBER 2022
FOR
I%ORTH EAsfEILN LOCOI¥IOTtIT PRESERVATION
GROUP
lknbch¢steT5
Chartered Accountants
Ftn¢haLe House
Belrnoni Business Park
Durhatn
DHI ITW

F*ORTH EASTERN LOCOMOTIVE PRESERVATION
GROLTP
CONTENTS OFTHE FI%.4%CI.4L sTATE￿IENTs
FOR THE I'EAR ENDED3I DECEMBER 2022
P*ge
Re￿rt of the Trustees
Independent Ex*miner's Report
St*tement of Financi*l ActiTritie5
B21*nte Sheet
4 to 5
Notes to the Fina￿£1*1 Statemettts
6 10 13
Det8iled Ststement of FiD8ncial Activities
14 to 15

NORTH EASTERN Loc0￿10T[yE PRLSERVATION
GROiiP
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees who are also dire£ioTs of the clJ2tity for the pryses of the Companies Act 2(KhS, preseni their retx>rt with
the financial ststements of ihe chariiy for the ended 31 December 2022. The tru5te£s have adopied the provisions
of Accounting and Rewrting by Chariiies.. StateEnent of Recommended Praciice applicable to chaiities preparing their
accounts ID accordance with the RetK)rting Standatd applicable in the UK and Republic of kel8J]d IFRS 102)
(effective l January 2019).
STRUCTURI GOTrIRNANCE AND mANAGE￿￿￿T
Governing documellt
The chariiy is controlled by its governing documents. a Metnora]Mlum of Association and Article5 of As￿CIatIOn. aE
constiiuies a limited eolnpany. limited by guaraniee, as defined by the Companies Act 2(Kkn.
REFERENCE AND AD1¥11Tr41STRATIVE DETAIIS
Registered Cornp&Dy llumber
02570979 (England and Wales)
Registered Charity nwnber
IIK>2017
Registtred orrKe
67 The Mouni
Yolk
Yorkshite
Y024 IAX
Trustees
C J Lawson {resigned 2015120221
P G Hutchinson
R A Pearson
R Marshall
C Foxton
R D Bingham
P Mason Iresigned 291412022)
D A Pe[llK￿k {ie5igned 201512022)
L Storey {appoinied 251512022}
J R P Hunt {ap]xkin￿d 711112¢Y221
J D Carr {appointed 7111120221
Company Secretary
R M￿shall
Independent Exarniner
David Holloway
FCA DChA
Ribchesters
Chartered Accountants
FinLhale House
BeIn￿n[ Business Park
Durham
DHI ITW
Approved by order of the t¥)ard of tnLStee5 on l March 2023 aThJ sigft￿ QD its ￿half by:
C Foxton- Trustee
Page I

INDEPENDEYT EL4￿illIER's REPORT TO THE TRUSTEES OF
NORTH F.ASTERN LOCONIOTIVE PRESERVA TION
GROUP
lThlepeJ￿ent examiner's repbrt to the ¢rustee5 of Nortb l￿¢0￿0tive Preservation Group {'the
Company'l
retK>rt to the charity trustee5 on my examination of the accounts of the Cojnpany for the ended
31 December 2022.
Responsibilities and basis of report
As the charity's truste£s of the Company (and also its directors for the puqK>5es of company lawl you are resE¥)nsible lor
(he preparaiion of the accounts in accordance with the requiremenis of the Cornpanies Aci 2(XMS ('tbe 2(K)6 Acl'}.
Having satisfied myself that the accounts of the Company are noi required 10 ￿ audiied under Part 16 of the 21X)6 Act
a￿1 are eligible for independent examinaiion. I retK)rt in le5￿t of my examination of your chariiy's accounts as carried
out ll[￿er section 145 of the Charities Aci 2011 {'the 2011 Aci.). In carrying out my examinaiion I have followed the
DirectioE]s given by the Chatity CornJnission under section 145(51 (b) of the 2011 Act.
dependent examiner's ststen*nt
I have cotnpleted my exam￿110￿ I cOnf￿n matters have CO￿ io my attention in conne£tion with the
eAa]nination giving me cause io ￿lIeve..
accounting Te£ords were not kepl in resrrtt of the Company as required by section 386 of the 2(X>6 Act,. or
the accounts do not accord w'ith those records: or
the accounts do noi cO￿PIY with the accounting require1nen￿ of seciion 396 of the 2(M)6 Aci other than any
requirement ihai the accounts give a true and lair view which is Th)1 a tnattei considered as part of an
independeni examitiation; or
the accounts have not been prepared in accordance with the rnethLNls and principles of the Statement of
Recommended Practice for accouniing ￿ iewrttng by Ch￿l￿eS (applicablc io chariiies preparing their
accounts in accordance with the FinarKial Re￿rtill8 Standard applicable in the UK and Republic of treland
(FRS 102)}.
I have no coftcerns and have come actO&s no other rnaueTS in conllection the examination to which aneniion should
be drawn in this rewn in order io enable a prow understhndtng of the accounts ￿ be reached.
David Hollvway
FCA DChA
Ribchesters
Chartered Accounianis
Ftnchale HO￿se
Belmottt Busitrss Park
Durham
DHI ITW
l March 2023
Page 2

NORTH EASTERPI LOCOIIOTIN'E PRESERVATION
GROUP
STATEIIENT OF FIY.AYCIAL,ICtIllTIES
FOR TIIE I'EAR ENDFD31 DF.CF.￿1BER 2022
2022
Tothl
fitnds
2021
Total
funds
Unresthcied
fullds
Restricted
funds
Note5
INCO￿lE AND E*aDOWhlEI%TS FROM
Donalion5 and legacie5
111,050
26,691
137.741
84,424
Other irdding activities
Investhieni income
74,377
5.097
74,377
5,097
80,551
Total
217
169391
EXPENDITURE ON
Raising funds
11.591
8,302
Cbaritable *ctiwities
Promotion. restoralion and pre5tr¥ation
194,715
225 118
135 803
Total
236 709
144 105
Net gain￿(losses) on inve5tment5
21,9561
21.956
29.588
NET INCOMEI{EXPENDrfuRE)
(37.7381
(3.712)
(41.4501
54.874
RECONCILIATIOIY OF FUNDS
Tot41 funds brought fonvard
773.475
22.156
795.631
740,757
TOTAL FUNDS CARRIED FORWARD
735,737
18,444
754 181
795,631
The notc5 form wtof these financial ststemenis
Page 3

NORTH EAsfERP4 LOCOMOTIVE PRESERVATION
GROUP
BAL.4JCE SHEET
31 DECEMBER 2022
2022
Total
funds
2021
Total
funds
Unrestrictcd
fund5
Re5trirteil
funds
Note5
FIXED ASSETS
Tangible ￿etS
14.1
14,100
20.186
CURRENT ASSETS
Debtors
Inve5tsnents
C&sh at bank
10
47.845
163,981
51i,695
47,845
163.981
534 139
185,937
575 495
18.444
727,521
18,444
745,965
777,548
CREDITORS
Amounts falling due within one year
12
(5.884)
{5.8841
(2.103)
NET CURREPa ASSETS
721637
740,081
TOTAI. ASSETS LESS CURRENT
LIABILITIES
7i5.737
18.444
754.181
795,631
NET ASSETS
735 737
18.444
754.181
795.631
FLTNDS
Unrestricted fvt)¢ts
Resiricted funds
13
735.737
18.444
773,475
TOTAL FUNDS
754,181
795,631
The charitable company is eniiiled w exemption from audii under Section 477 of the Companies Act 2006 for the year
ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended
3 1 December 2022 in accordance with Section 476 of the Companies Aa 2(K>6.
The trnstee$ acknowledg¢ their rewnsibilitses for
la)
ensuring that the charitable company keeps accounting record5 that Compty with Se¢tions 386 and 387 of the
Companies Act 2006 and
preparing fillancial statements which give a true and fair view of the State of affair5 of the charitable cotnpany as
at the end of each financial year and of its surplus or deficit for each financial J'ear in accord8￿ce with the
requirements of Sections 394 and 395 and which other¥4'ise comply with the requirements of the Companies Acl
2006 relating io f5nanCi￿ stateJn¢nts, $0 far as applicable to th¢ ¢haritsble ¢ompany.
Ib)
The notes forni part of these financial stsiements
Page 4
continued...

NORTH EA￿ER￿ LOCOIIOTIVE PRESERVATIOP*
GROLP
BALAYCE SHEET- folltittued
JI DECE%IBER 2022
These financial statements have been prepared in a¢¢ordan¢¢ with th¢ pn)visions applieable to Charitable companies
sllbjeci io the small companie5 regiEne.
The financia] stat¢Thents w¢re approved by the Board of Trustees and auth0ri5ed for issue on l Mar¢h 2023 aThJ were
Signed on its beha]f by..
C Foxton - Trustee
R Mar5hall- Trustee
The note5 form part of these finaDciaJ $￿ements
Page 5

PIORTH EASTE￿ LOCONIOTII'E PRESERI'ATION
GROUP
NOTF.S TO THE FINANCIAL STATEMEf*TS
FOR THE YEAR ENDED 31 DECEMBER 2022
ACCOUNTING POLICIES
Basis of preparing the financial ststements
The financial Statements of the clwiiable Company. which is a public benefjt entity. under FRS 102, have been
prepared in accordance with the Chariiies SORP IFRS 102}'Accountittg and Reporting by Charities.. Statement
of Recommended Prdctice applicable to ehatities preparing their accounts ill a¢¢ordan¢¢ with the Financial
Reporting Standard applicable in the UK and Republic of [relat￿ (FRS 1021 (effective l January 2019),,
Financial Reporting Standard 102 The Financial Rew)tting Stsndard applicable in the UK and Republic of
Ireland, and the Companies Act 2006. The r]nan¢ial statements have been prepared under the hi5torica] c051
convention.
Income
All income 15 recognised in the Statement of Financial Activities once the charity has entitlement io the thnds, li
is probable that the income will be received and the amount Can be measured reliably.
Fknre fees are reCo￿lS£d in the Period which the hire 15 provided.
acie5
For legacies. entitlement is tsken as the eatlier of the dale on which either: the charity is aware that prob*e has
been granted the estsie has t*en fioalised and notific￿70￿ has been made to the exe¢uiorfs) io the Trust a
distriblltion will be made, or when a disttibution is re¢eived frotn ihe t5￿¢. Where legacies have been notified
to the charity. or the Ch￿ity 15 aware of the 8fdaJting ofprobate. and the criteria for income recognition have not
been met. then the legacy is t[e￿ed as a coniingeni asset and disclosed where material.
Should the charity be notified of a legaty subsequenl io the a¢couniing rtfe¥entt date but befoTt ihe date of
approval of the accounts and evidence exists Mhich suggests tha¢ ihe executors of the estaie agreed the
disiriblltion prior io the end of th¢ rep)rting period and rettipt of the l¢g¥y is deemed to be pn)bable then thai
receipt will ￿ rttognised as income in th* x¢ounting period.
Grants
Grants of a revcnue nature are credited to ineome in the to which they relate.
Expenditure
Liabilities are recognised as expenditure as scx)n as there is a legal or consth]¢tive obligation committinB th¢
chariry io thai expenditure, it is probable th* a transfer of ewnomi¢ benefits will be TequiTed in settlemellt alld
Ihe amount of ihe obligation Can be rneasured reliabl).. Expenditure is account￿ for on all accrua15 basis and has
been Classifi￿ under htading5 that aggregate 811 c05t related to the category. Where cosis cannot be directly
attributed to parli¢ular headings they have been allocated to activities on a b&sis consistent with the use of
resources.
Tangible fixed Assets
Depre¢iation is pwvided * the following annual rates in order to IlTite Off each asset over its estimated useful
life.
Le&sehold property
Improvements io propery
Plan¢ &. equipmeni
Heritage assets
Vehirl¢s
strright line over 10 yea
straighi line over 10 yeaTS
straight line tsver 10 years
not provided
straight line over 3 years
Heritage &ssets have indefinite useful economi¢ lives and art therefore Dot depreciated.
Tax&tion
The ¢hartiy Is ¢xempt from ¢orpor*ion lax otl Lts ¢I￿rI￿ble activitles.
Fund #c¢ounting
Unre5tTlCted funds can be used in accordance w'ith the charitable objectives at ihe discretion of ihe trusiees.
Restricted filnds can only be Used for p2rticular restri¢ted purposes within the objetts of the chari¢y.
Resiriclions arise when specified by th¢ donor or when funds are t3J5¢d for parti¢ulat restTi¢td purpos¢s.
Page 6
¢oniinued...

NORTH EASTERN LOCOIIOTIN'E PRESERVATION
GROLP
NOTES TO TIIE FIVAliCI.4L STATEMENTS- continued
FOR THE I'EAR EP*DED3I DECENIBER 2022
ACCOUNTING POLICIES- tontittued
Fund accounting
Fwther explanation of the nawre and pul[￿￿5e of each fi￿d is included in the notes to the financhai stateTnents.
DONATIONS AND LEGACIES
2021
2022
Grant5
Royalties
Legacies
Patron donations
17,728
48.609
25,719
29,OIH)
Sundry donations
134 235
OTHER TIL4DING AcrtvrriES
2022
2021
tx)comotive hire fees
Sale of gry)ds
73.566
79,600
951
74,i77
80.551
INVEsfMENT INCOME
2022
2021
Bank interesi receivable
5,097
4.416
RAISING FLIYDS
R#i$ltsg dollg1ion$ 4nd leg*cies
2022
2021
Stock for resale
Member events
Supw>rt costs
328
3,575
7.688
427
7.875
11.591
8,302
Pag¢ 7
¢ontinued...

NORTH EAsfERN LOCOMOTIVE PRESERN'ATION
GROLP
NOTES TO THE FI￿ArIC[AL sTATE￿IE￿5- tolltioued
FOR THE I'EAR Ef¥DED31 DECEMBER21122
NET IP4COMFJ(EXPENDITURE)
Net tn¢omellexpendilure) is sthted after charginglltteditiDg)=
2022
2021
Depreciation- owned &s5ets
6.086
7.579
TRUStEES' REMUliERATION Af*D BEP*EFrrs
There were no Dvsiees. ￿M￿￿￿ton or other benefits for the year ended 31 De¢¢mber 2022 I￿r for the year
ended 31 De¢ern￿r 2021.
Trnstees, exptnvs
There were th) tyustees. expenses paid for the year ended 31 tkcember 2022 Tb)r foi the year ended
31 tk¢eJnb¢r 2021.
The charity made a]lowan¢es ioth]ling £3,344 during the year for expenses claimed by the tsustees whilst doing
volunteer work for the spe¢ifi¢ charithble areas (2021=£1.470).
COMPAILITIVES FOR THE STATEMEP*ry OF FINANCIAL AcfiiTTIES
Unrestricted
fi]nds
Restricted
funds
Total
funds
INCOME AND EP+WWTrIEiYfs FROI¥I
Donarions and legacies
40.729
43,695
84,424
Other trading activities
Investhient ill¢OTne
80.551
4.416
80,551
4,416
Totsl
125.696
43,695
169.391
EXPEf44DITURE ON
Raisin8 funds
8.302
8,302
ChAriiabl¢ •¢iiviiies
Promoiion: resioTaiion and preservation
102.51)
3i.280
135.803
Total
110,825
144,105
Net 8ains on investments
29.588
NET INCOME
44.459
10.415
54,874
RECONCILIATION OF FUNDS
Total funds brought forn*rd
729.016
11.741
740,757
TOTAL FUNDS CARRIED FORWARD
773,475
22,156
795,63 1
Pa8e 8
continued...

NORTH EAsfEIiN LoCOIIOTIl￿ PRESERTr ATION
GROL.P
TriOTES TO THE FIN.4YCI.41. 5rATF.￿lENTs- continued
FOR THE I'E,IR ENDED31 DECEJIBER 2022
TANGIBLE FIXED ASSETS
Improvernent5
Leasehold
property
Plant &
equipment
property
COST
At l January 2022 and 31 tkcember 2022
28,986
21.468
DEPRECIATION
At l January 2022
Charge for year
30,5
3.399
28,986
20,723
745
At 31 Decctnber 2022
33.963
28,986
21.468
NET BOOK I'ALUE
At 31 Decefflber 2022
At 31 December 2021
3.399
745
Heritage
assets
Vehicle5
Totsls
cost
Ai l January 2022 and 31 Dettmber 2022
14.1(K>
6.995
105 512
DEPRECIATION
At l January 2022
Char8e for year
5,053
85,326
6.086
At 31 December 2022
6.995
91.412
NET BOOK VALUE
At 31 Ikcember 2022
14.1
l4,100
At 31 December 2021
20.186
io.
DEwfoRS: AMoLTI￿s FALLIP*G DLE WITHIP* of*E I'EAR
2022
2021
Gift aid
VAT
A¢¢Tued income and prepayments
24.100
11.900
11.845
10.477
5,639
47,845
16.116
Page 9
continued...

f*ORTH EASfERli LOCO.MOTIVE PRESERN'ATION
GROLP
NOTES TO THE FIN.4￿CIAL STATENIE.YTS- CODtinued
FOR THE I'EAR EPIDED 31 DECEMBER2022
CURREP4T ASSET INVESTMEPITS
2Q22
2021
Investment management fimd
163 981
185.937
12.
CREDITORS: A￿loU￿{[s FALLING DUE WTHIN ONE YEAR
2022
2021
VAT
A¢¢rued expeThses
903
5,884
2.103
13.
MOVEMENT IN FLIP*DS
Net
MO￿emenT
in funds
Trdnsfers
be￿¢¢
funds
Ar
31.12.22
At 1.1.22
Unrestricted fund5
Genera] fijnd
L(Komotive Overhaul Fund
Locomotive Maintenance Fund
46.653
266.483
460,339
(33.8701
85.928
14,400
{15,2001
800
27,183
337.211
371.343
773.475
(37.738}
735.737
Restri¢ted funds
J72 Re5toraiion Fund
22.156
(3.7121
18.M4
TOTAL FUNDS
795.631
41.4501
754.181
Net movement in funds. Includ￿ in the above are &s follows:
Incoming
resources
Gains and
losses
Movement
in funds
¢xpended
Unresiricted funds
General fund
Locomotive Overhaul Fund
Locomotive Maintenance Fund
26.774
85.928
(38,688}
121,9561
(33,870)
85,928
167618}
190.524
{206.306)
121,956}
(37,7381
Restricted funds
J72 Resioraiion Fund
26,691
{iO.403)
(3.712}
TOTAL FUNDS
217215
236.709}
21,9561
41,450)
Pagc 10
conlinued...

NORTH EAStERN LOCOIIOTII'E PRESERVATION
GROI'P
NOTES TO THE FtNANClAL STATEME￿￿5- ¢oniiDued
FOR THE I'EAR ENDED 31 DECENIBER 2022
13.
MOVEMENT IN FUNDS-¢ontillued
CotnP8r8tives for movement ID funds
Trdn5fers
bettveen
fvnds
movement
in fvn¢ts
At
31.12.21
Unrestrirted
Genera] fund
Locotnotive Overhaul Fund
IA)comotive Maintenance Fut
54,119
444,381
230.516
8.534
29,IlX>
6.825
{16,(KkO)
{206,9981
222.998
46.653
266,483
460,339
729.016
44,459
773.475
Restricted fund5
J27 & Q6 Safery V8lv¢ Fund
J72 Restoration Fwid
1.135
10.606
(1.1351
1.550
11.741
TOTAL FUNDS
740 757
795631
Comparative net movement in fimds, included in the above are as lollows..
IncomiTr8
resource5
Re50urce5
expend
Gains and
losses
Movement
in funds
Ullrestrirted fund5
Generd fund
Lo¢omoiive Overhaul Fund
LIKomotivt Nfaintenance Fund
14J28
29,100
{35.i82)
29,588
8,534
29,100
125,696
(110,825}
29.588
44.459
Restrieted funds
J27 & Q6 Safety Valve Fund
J72 Restoration Fund
{l.lJ5}
32.145)
43.695
43.695
33 2801
10.415
TOTAL FUNDS
169.391
144 1051
29.588
54,874
Pagcll
ntinued...

NORTH EASTEIiN LOCOMOTIVE PRESERVATIO
GROIP
NOTES TO THE FINANCIAL StATE.%IENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2022
13.
MOVEMEINT IN FUI%DS- tontinutd
A current year 12 months and prior year 12 months combined t￿)sIll0n is as follows:
Nei
movemeni
in
Transfers
betsveen
funds
At
31.12.22
Ai 1.1.21
Unre5tri£ted fund5
General fund
Locomotive Overhaul Fund
Locomotive MaintenaTrce Fund
54.119
444.381
230516
(25.336)
115,028
82.9711
11.600)
(222,198)
223.798
27,183
337.211
371343
729.016
6.721
735.737
Restricted funds
J27 & Q6 Safety Valve Fund
J72 Restoraiion Fund
1,135
10.606
7.838
18.444
TOTAL FUNDS
740.757
13.424
754.181
A ¢UTrent year 12 months and prior year l2 rnonths combined Thet movement in funds. included in the above are
&8 follows=
Incoming
resourc¢5
Resources
expcndrd
Gatns and
ltssses
Movement
in funds
Unrestrleted funds
General fund
Locomottve Overhaul Fund
Locomotive fvlaintenance FurMI
41.102
115.028
160.0
174.070}
7.632
(25,336)
l 15,028
82,971)
243.061}
316.220
(317.131)
7.632
6,721
Restricted fund5
J27 & Q6 Saf¢ty Va]ve Fund
J72 Restoration Fund
{1,135}
62,548)
(1.135)
7,838
70
70.386
63,683
6.703
TOTAL FUNDS
386,606
380,814
7,632
13,424
The Irusiees have designated fvnds for the pur￿￿Se of f]nancing cjclical overhau15 of the locomotivcs which the
charity own. These costs will be substantial and the trnstees therefore feel it prudent to ring fence reserve5 to
enable those assets to be protected for fvture generations to enjoj
Page 12
continued...

NORTH EASTERN LOCOIIOTIIT PRESERVATtoN
GROI'P
NOTES TO THE FIY.4YCI.4L STATEMENTS- continued
FOR THE I"E.4R ENDED 31 DECE￿IBER 2022
14.
RELATED PARTY DISCLOSURES
An amount of £1,34912021= £Nil) w&s paid to a Tn]stee in restttt of work done for the Charity which wa5 not
in respe¢1 of their Tole as a Ttusiee.
15.
ULTIMATE COYTROLLIF*G PARTY
The charitable comparty is c¥Jntrolled by il's tnJsLees.
Page 13

r*ORTH EASTERTr* LOCO￿10T1￿.E PRESERifATION
GROUP
DETAILED sfATE.MEP4T OF FIN.&NCIAL AcfIi'iTIES
FOR THE YEAR ENDED31 DECEMBER 2022
2022
2021
INCOME AND ENDOWMENTS
Don8t10115 #nd legaties
Subscriptions and donations
Gr￿lS
Legacies
Members events
67,898
17,728
48,609
3.506
84.324
100
137,741
84,424
Other trading activities
Locomotive hire fees
Sale of g(￿￿5
73.566
811
79.600
951
74.377
80,551
Investment income
Bank interest receivable
5.097
Total incoming resources
217.215
169.391
EXPENDITURE
Raising donations ADd legacie5
Stock for resale
Member events
328
3.575
427
3,903
427
Chirit#ble Activities
Insurance
Locomoithve resto￿10￿ costs
Workshop consumables
Travel & subsistence
Mainline costs
Workshop maintenance
Subscriptiot15 and donatlOnS
Training and medicals
Depreeiaiion oll￿th0[d property
Depreciation of plant and equiprn¢nt
Depre¢iation of Vehicles
18,217
179.610
2.735
9.048
17,200
82.313
5.890
1,967
4,795
593
3.758
3,396
1,851
3,447
425
3,399
745
1,942
222.749
134.095
Support C05t5
Marjagement
Admini5traiion costs
8.857
8.383
GovernÉnce costs
Independeni examiners fee
1,200
1,200
This pagc does not forrn part of the slatulory financial statewn¢nts
Page 14

NORTH EASTEKY LOCOIIOTII'E PRESERVATIOiY
GROLP
DETAILED Sr.ITE￿JE¥￿ OF FI_NX%CI.4L ACTI1.￿lEs
FOR THE I'EAR ENDED31 DECEIIBER2022
2022
2021
Total resources expended
236.709
144,105
et (expendItureyi￿eorne before and
Ios8es
(19.4941
25.286
Realised recognistd gains And losses
Gains on current asset investments
21.956
Net (expenditureyincome
41,4501
54.874
Thi5 pa8e doe5 not form part of the finan¢iai statements
Page 15

REGisfERED COMPANI. NII%IBF.R= 02570979 {England and Wales)
REGISTERF.D CHARITh NLNIBER: 1002017
REPORTOFTHETRDSTEESAND
FINANCIAL STATE.MENtS
FOR THE YEAR ENDED 3A DECE￿IBER 2022
FOR
I%ORTH EAsfEILN LOCOI¥IOTtIT PRESERVATION
GROUP
lknbch¢steT5
Chartered Accountants
Ftn¢haLe House
Belrnoni Business Park
Durhatn
DHI ITW

F*ORTH EASTERN LOCOMOTIVE PRESERVATION
GROLTP
CONTENTS OFTHE FI%.4%CI.4L sTATE￿IENTs
FOR THE I'EAR ENDED3I DECEMBER 2022
P*ge
Re￿rt of the Trustees
Independent Ex*miner's Report
St*tement of Financi*l ActiTritie5
B21*nte Sheet
4 to 5
Notes to the Fina￿£1*1 Statemettts
6 10 13
Det8iled Ststement of FiD8ncial Activities
14 to 15

NORTH EASTERN Loc0￿10T[yE PRLSERVATION
GROiiP
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2022
The trustees who are also dire£ioTs of the clJ2tity for the pryses of the Companies Act 2(KhS, preseni their retx>rt with
the financial ststements of ihe chariiy for the ended 31 December 2022. The tru5te£s have adopied the provisions
of Accounting and Rewrting by Chariiies.. StateEnent of Recommended Praciice applicable to chaiities preparing their
accounts ID accordance with the RetK)rting Standatd applicable in the UK and Republic of kel8J]d IFRS 102)
(effective l January 2019).
STRUCTURI GOTrIRNANCE AND mANAGE￿￿￿T
Governing documellt
The chariiy is controlled by its governing documents. a Metnora]Mlum of Association and Article5 of As￿CIatIOn. aE
constiiuies a limited eolnpany. limited by guaraniee, as defined by the Companies Act 2(Kkn.
REFERENCE AND AD1¥11Tr41STRATIVE DETAIIS
Registered Cornp&Dy llumber
02570979 (England and Wales)
Registered Charity nwnber
IIK>2017
Registtred orrKe
67 The Mouni
Yolk
Yorkshite
Y024 IAX
Trustees
C J Lawson {resigned 2015120221
P G Hutchinson
R A Pearson
R Marshall
C Foxton
R D Bingham
P Mason Iresigned 291412022)
D A Pe[llK￿k {ie5igned 201512022)
L Storey {appoinied 251512022}
J R P Hunt {ap]xkin￿d 711112¢Y221
J D Carr {appointed 7111120221
Company Secretary
R M￿shall
Independent Exarniner
David Holloway
FCA DChA
Ribchesters
Chartered Accountants
FinLhale House
BeIn￿n[ Business Park
Durham
DHI ITW
Approved by order of the t¥)ard of tnLStee5 on l March 2023 aThJ sigft￿ QD its ￿half by:
C Foxton- Trustee
Page I

INDEPENDEYT EL4￿illIER's REPORT TO THE TRUSTEES OF
NORTH F.ASTERN LOCONIOTIVE PRESERVA TION
GROUP
lThlepeJ￿ent examiner's repbrt to the ¢rustee5 of Nortb l￿¢0￿0tive Preservation Group {'the
Company'l
retK>rt to the charity trustee5 on my examination of the accounts of the Cojnpany for the ended
31 December 2022.
Responsibilities and basis of report
As the charity's truste£s of the Company (and also its directors for the puqK>5es of company lawl you are resE¥)nsible lor
(he preparaiion of the accounts in accordance with the requiremenis of the Cornpanies Aci 2(XMS ('tbe 2(K)6 Acl'}.
Having satisfied myself that the accounts of the Company are noi required 10 ￿ audiied under Part 16 of the 21X)6 Act
a￿1 are eligible for independent examinaiion. I retK)rt in le5￿t of my examination of your chariiy's accounts as carried
out ll[￿er section 145 of the Charities Aci 2011 {'the 2011 Aci.). In carrying out my examinaiion I have followed the
DirectioE]s given by the Chatity CornJnission under section 145(51 (b) of the 2011 Act.
dependent examiner's ststen*nt
I have cotnpleted my exam￿110￿ I cOnf￿n matters have CO￿ io my attention in conne£tion with the
eAa]nination giving me cause io ￿lIeve..
accounting Te£ords were not kepl in resrrtt of the Company as required by section 386 of the 2(X>6 Act,. or
the accounts do not accord w'ith those records: or
the accounts do noi cO￿PIY with the accounting require1nen￿ of seciion 396 of the 2(M)6 Aci other than any
requirement ihai the accounts give a true and lair view which is Th)1 a tnattei considered as part of an
independeni examitiation; or
the accounts have not been prepared in accordance with the rnethLNls and principles of the Statement of
Recommended Practice for accouniing ￿ iewrttng by Ch￿l￿eS (applicablc io chariiies preparing their
accounts in accordance with the FinarKial Re￿rtill8 Standard applicable in the UK and Republic of treland
(FRS 102)}.
I have no coftcerns and have come actO&s no other rnaueTS in conllection the examination to which aneniion should
be drawn in this rewn in order io enable a prow understhndtng of the accounts ￿ be reached.
David Hollvway
FCA DChA
Ribchesters
Chartered Accounianis
Ftnchale HO￿se
Belmottt Busitrss Park
Durham
DHI ITW
l March 2023
Page 2

NORTH EASTERPI LOCOIIOTIN'E PRESERVATION
GROUP
STATEIIENT OF FIY.AYCIAL,ICtIllTIES
FOR TIIE I'EAR ENDFD31 DF.CF.￿1BER 2022
2022
Tothl
fitnds
2021
Total
funds
Unresthcied
fullds
Restricted
funds
Note5
INCO￿lE AND E*aDOWhlEI%TS FROM
Donalion5 and legacie5
111,050
26,691
137.741
84,424
Other irdding activities
Investhieni income
74,377
5.097
74,377
5,097
80,551
Total
217
169391
EXPENDITURE ON
Raising funds
11.591
8,302
Cbaritable *ctiwities
Promotion. restoralion and pre5tr¥ation
194,715
225 118
135 803
Total
236 709
144 105
Net gain￿(losses) on inve5tment5
21,9561
21.956
29.588
NET INCOMEI{EXPENDrfuRE)
(37.7381
(3.712)
(41.4501
54.874
RECONCILIATIOIY OF FUNDS
Tot41 funds brought fonvard
773.475
22.156
795.631
740,757
TOTAL FUNDS CARRIED FORWARD
735,737
18,444
754 181
795,631
The notc5 form wtof these financial ststemenis
Page 3

NORTH EAsfERP4 LOCOMOTIVE PRESERVATION
GROUP
BAL.4JCE SHEET
31 DECEMBER 2022
2022
Total
funds
2021
Total
funds
Unrestrictcd
fund5
Re5trirteil
funds
Note5
FIXED ASSETS
Tangible ￿etS
14.1
14,100
20.186
CURRENT ASSETS
Debtors
Inve5tsnents
C&sh at bank
10
47.845
163,981
51i,695
47,845
163.981
534 139
185,937
575 495
18.444
727,521
18,444
745,965
777,548
CREDITORS
Amounts falling due within one year
12
(5.884)
{5.8841
(2.103)
NET CURREPa ASSETS
721637
740,081
TOTAI. ASSETS LESS CURRENT
LIABILITIES
7i5.737
18.444
754.181
795,631
NET ASSETS
735 737
18.444
754.181
795.631
FLTNDS
Unrestricted fvt)¢ts
Resiricted funds
13
735.737
18.444
773,475
TOTAL FUNDS
754,181
795,631
The charitable company is eniiiled w exemption from audii under Section 477 of the Companies Act 2006 for the year
ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended
3 1 December 2022 in accordance with Section 476 of the Companies Aa 2(K>6.
The trnstee$ acknowledg¢ their rewnsibilitses for
la)
ensuring that the charitable company keeps accounting record5 that Compty with Se¢tions 386 and 387 of the
Companies Act 2006 and
preparing fillancial statements which give a true and fair view of the State of affair5 of the charitable cotnpany as
at the end of each financial year and of its surplus or deficit for each financial J'ear in accord8￿ce with the
requirements of Sections 394 and 395 and which other¥4'ise comply with the requirements of the Companies Acl
2006 relating io f5nanCi￿ stateJn¢nts, $0 far as applicable to th¢ ¢haritsble ¢ompany.
Ib)
The notes forni part of these financial stsiements
Page 4
continued...

NORTH EA￿ER￿ LOCOIIOTIVE PRESERVATIOP*
GROLP
BALAYCE SHEET- folltittued
JI DECE%IBER 2022
These financial statements have been prepared in a¢¢ordan¢¢ with th¢ pn)visions applieable to Charitable companies
sllbjeci io the small companie5 regiEne.
The financia] stat¢Thents w¢re approved by the Board of Trustees and auth0ri5ed for issue on l Mar¢h 2023 aThJ were
Signed on its beha]f by..
C Foxton - Trustee
R Mar5hall- Trustee
The note5 form part of these finaDciaJ $￿ements
Page 5

PIORTH EASTE￿ LOCONIOTII'E PRESERI'ATION
GROUP
NOTF.S TO THE FINANCIAL STATEMEf*TS
FOR THE YEAR ENDED 31 DECEMBER 2022
ACCOUNTING POLICIES
Basis of preparing the financial ststements
The financial Statements of the clwiiable Company. which is a public benefjt entity. under FRS 102, have been
prepared in accordance with the Chariiies SORP IFRS 102}'Accountittg and Reporting by Charities.. Statement
of Recommended Prdctice applicable to ehatities preparing their accounts ill a¢¢ordan¢¢ with the Financial
Reporting Standard applicable in the UK and Republic of [relat￿ (FRS 1021 (effective l January 2019),,
Financial Reporting Standard 102 The Financial Rew)tting Stsndard applicable in the UK and Republic of
Ireland, and the Companies Act 2006. The r]nan¢ial statements have been prepared under the hi5torica] c051
convention.
Income
All income 15 recognised in the Statement of Financial Activities once the charity has entitlement io the thnds, li
is probable that the income will be received and the amount Can be measured reliably.
Fknre fees are reCo￿lS£d in the Period which the hire 15 provided.
acie5
For legacies. entitlement is tsken as the eatlier of the dale on which either: the charity is aware that prob*e has
been granted the estsie has t*en fioalised and notific￿70￿ has been made to the exe¢uiorfs) io the Trust a
distriblltion will be made, or when a disttibution is re¢eived frotn ihe t5￿¢. Where legacies have been notified
to the charity. or the Ch￿ity 15 aware of the 8fdaJting ofprobate. and the criteria for income recognition have not
been met. then the legacy is t[e￿ed as a coniingeni asset and disclosed where material.
Should the charity be notified of a legaty subsequenl io the a¢couniing rtfe¥entt date but befoTt ihe date of
approval of the accounts and evidence exists Mhich suggests tha¢ ihe executors of the estaie agreed the
disiriblltion prior io the end of th¢ rep)rting period and rettipt of the l¢g¥y is deemed to be pn)bable then thai
receipt will ￿ rttognised as income in th* x¢ounting period.
Grants
Grants of a revcnue nature are credited to ineome in the to which they relate.
Expenditure
Liabilities are recognised as expenditure as scx)n as there is a legal or consth]¢tive obligation committinB th¢
chariry io thai expenditure, it is probable th* a transfer of ewnomi¢ benefits will be TequiTed in settlemellt alld
Ihe amount of ihe obligation Can be rneasured reliabl).. Expenditure is account￿ for on all accrua15 basis and has
been Classifi￿ under htading5 that aggregate 811 c05t related to the category. Where cosis cannot be directly
attributed to parli¢ular headings they have been allocated to activities on a b&sis consistent with the use of
resources.
Tangible fixed Assets
Depre¢iation is pwvided * the following annual rates in order to IlTite Off each asset over its estimated useful
life.
Le&sehold property
Improvements io propery
Plan¢ &. equipmeni
Heritage assets
Vehirl¢s
strright line over 10 yea
straighi line over 10 yeaTS
straight line tsver 10 years
not provided
straight line over 3 years
Heritage &ssets have indefinite useful economi¢ lives and art therefore Dot depreciated.
Tax&tion
The ¢hartiy Is ¢xempt from ¢orpor*ion lax otl Lts ¢I￿rI￿ble activitles.
Fund #c¢ounting
Unre5tTlCted funds can be used in accordance w'ith the charitable objectives at ihe discretion of ihe trusiees.
Restricted filnds can only be Used for p2rticular restri¢ted purposes within the objetts of the chari¢y.
Resiriclions arise when specified by th¢ donor or when funds are t3J5¢d for parti¢ulat restTi¢td purpos¢s.
Page 6
¢oniinued...

NORTH EASTERN LOCOIIOTIN'E PRESERVATION
GROLP
NOTES TO TIIE FIVAliCI.4L STATEMENTS- continued
FOR THE I'EAR EP*DED3I DECENIBER 2022
ACCOUNTING POLICIES- tontittued
Fund accounting
Fwther explanation of the nawre and pul[￿￿5e of each fi￿d is included in the notes to the financhai stateTnents.
DONATIONS AND LEGACIES
2021
2022
Grant5
Royalties
Legacies
Patron donations
17,728
48.609
25,719
29,OIH)
Sundry donations
134 235
OTHER TIL4DING AcrtvrriES
2022
2021
tx)comotive hire fees
Sale of gry)ds
73.566
79,600
951
74,i77
80.551
INVEsfMENT INCOME
2022
2021
Bank interesi receivable
5,097
4.416
RAISING FLIYDS
R#i$ltsg dollg1ion$ 4nd leg*cies
2022
2021
Stock for resale
Member events
Supw>rt costs
328
3,575
7.688
427
7.875
11.591
8,302
Pag¢ 7
¢ontinued...

NORTH EAsfERN LOCOMOTIVE PRESERN'ATION
GROLP
NOTES TO THE FI￿ArIC[AL sTATE￿IE￿5- tolltioued
FOR THE I'EAR Ef¥DED31 DECEMBER21122
NET IP4COMFJ(EXPENDITURE)
Net tn¢omellexpendilure) is sthted after charginglltteditiDg)=
2022
2021
Depreciation- owned &s5ets
6.086
7.579
TRUStEES' REMUliERATION Af*D BEP*EFrrs
There were no Dvsiees. ￿M￿￿￿ton or other benefits for the year ended 31 De¢¢mber 2022 I￿r for the year
ended 31 De¢ern￿r 2021.
Trnstees, exptnvs
There were th) tyustees. expenses paid for the year ended 31 tkcember 2022 Tb)r foi the year ended
31 tk¢eJnb¢r 2021.
The charity made a]lowan¢es ioth]ling £3,344 during the year for expenses claimed by the tsustees whilst doing
volunteer work for the spe¢ifi¢ charithble areas (2021=£1.470).
COMPAILITIVES FOR THE STATEMEP*ry OF FINANCIAL AcfiiTTIES
Unrestricted
fi]nds
Restricted
funds
Total
funds
INCOME AND EP+WWTrIEiYfs FROI¥I
Donarions and legacies
40.729
43,695
84,424
Other trading activities
Investhient ill¢OTne
80.551
4.416
80,551
4,416
Totsl
125.696
43,695
169.391
EXPEf44DITURE ON
Raisin8 funds
8.302
8,302
ChAriiabl¢ •¢iiviiies
Promoiion: resioTaiion and preservation
102.51)
3i.280
135.803
Total
110,825
144,105
Net 8ains on investments
29.588
NET INCOME
44.459
10.415
54,874
RECONCILIATION OF FUNDS
Total funds brought forn*rd
729.016
11.741
740,757
TOTAL FUNDS CARRIED FORWARD
773,475
22,156
795,63 1
Pa8e 8
continued...

NORTH EAsfEIiN LoCOIIOTIl￿ PRESERTr ATION
GROL.P
TriOTES TO THE FIN.4YCI.41. 5rATF.￿lENTs- continued
FOR THE I'E,IR ENDED31 DECEJIBER 2022
TANGIBLE FIXED ASSETS
Improvernent5
Leasehold
property
Plant &
equipment
property
COST
At l January 2022 and 31 tkcember 2022
28,986
21.468
DEPRECIATION
At l January 2022
Charge for year
30,5
3.399
28,986
20,723
745
At 31 Decctnber 2022
33.963
28,986
21.468
NET BOOK I'ALUE
At 31 Decefflber 2022
At 31 December 2021
3.399
745
Heritage
assets
Vehicle5
Totsls
cost
Ai l January 2022 and 31 Dettmber 2022
14.1(K>
6.995
105 512
DEPRECIATION
At l January 2022
Char8e for year
5,053
85,326
6.086
At 31 December 2022
6.995
91.412
NET BOOK VALUE
At 31 Ikcember 2022
14.1
l4,100
At 31 December 2021
20.186
io.
DEwfoRS: AMoLTI￿s FALLIP*G DLE WITHIP* of*E I'EAR
2022
2021
Gift aid
VAT
A¢¢Tued income and prepayments
24.100
11.900
11.845
10.477
5,639
47,845
16.116
Page 9
continued...

f*ORTH EASfERli LOCO.MOTIVE PRESERN'ATION
GROLP
NOTES TO THE FIN.4￿CIAL STATENIE.YTS- CODtinued
FOR THE I'EAR EPIDED 31 DECEMBER2022
CURREP4T ASSET INVESTMEPITS
2Q22
2021
Investment management fimd
163 981
185.937
12.
CREDITORS: A￿loU￿{[s FALLING DUE WTHIN ONE YEAR
2022
2021
VAT
A¢¢rued expeThses
903
5,884
2.103
13.
MOVEMENT IN FLIP*DS
Net
MO￿emenT
in funds
Trdnsfers
be￿¢¢
funds
Ar
31.12.22
At 1.1.22
Unrestricted fund5
Genera] fijnd
L(Komotive Overhaul Fund
Locomotive Maintenance Fund
46.653
266.483
460,339
(33.8701
85.928
14,400
{15,2001
800
27,183
337.211
371.343
773.475
(37.738}
735.737
Restri¢ted funds
J72 Re5toraiion Fund
22.156
(3.7121
18.M4
TOTAL FUNDS
795.631
41.4501
754.181
Net movement in funds. Includ￿ in the above are &s follows:
Incoming
resources
Gains and
losses
Movement
in funds
¢xpended
Unresiricted funds
General fund
Locomotive Overhaul Fund
Locomotive Maintenance Fund
26.774
85.928
(38,688}
121,9561
(33,870)
85,928
167618}
190.524
{206.306)
121,956}
(37,7381
Restricted funds
J72 Resioraiion Fund
26,691
{iO.403)
(3.712}
TOTAL FUNDS
217215
236.709}
21,9561
41,450)
Pagc 10
conlinued...

NORTH EAStERN LOCOIIOTII'E PRESERVATION
GROI'P
NOTES TO THE FtNANClAL STATEME￿￿5- ¢oniiDued
FOR THE I'EAR ENDED 31 DECENIBER 2022
13.
MOVEMENT IN FUNDS-¢ontillued
CotnP8r8tives for movement ID funds
Trdn5fers
bettveen
fvnds
movement
in fvn¢ts
At
31.12.21
Unrestrirted
Genera] fund
Locotnotive Overhaul Fund
IA)comotive Maintenance Fut
54,119
444,381
230.516
8.534
29,IlX>
6.825
{16,(KkO)
{206,9981
222.998
46.653
266,483
460,339
729.016
44,459
773.475
Restricted fund5
J27 & Q6 Safery V8lv¢ Fund
J72 Restoration Fwid
1.135
10.606
(1.1351
1.550
11.741
TOTAL FUNDS
740 757
795631
Comparative net movement in fimds, included in the above are as lollows..
IncomiTr8
resource5
Re50urce5
expend
Gains and
losses
Movement
in funds
Ullrestrirted fund5
Generd fund
Lo¢omoiive Overhaul Fund
LIKomotivt Nfaintenance Fund
14J28
29,100
{35.i82)
29,588
8,534
29,100
125,696
(110,825}
29.588
44.459
Restrieted funds
J27 & Q6 Safety Valve Fund
J72 Restoration Fund
{l.lJ5}
32.145)
43.695
43.695
33 2801
10.415
TOTAL FUNDS
169.391
144 1051
29.588
54,874
Pagcll
ntinued...

NORTH EASTEIiN LOCOMOTIVE PRESERVATIO
GROIP
NOTES TO THE FINANCIAL StATE.%IENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2022
13.
MOVEMEINT IN FUI%DS- tontinutd
A current year 12 months and prior year 12 months combined t￿)sIll0n is as follows:
Nei
movemeni
in
Transfers
betsveen
funds
At
31.12.22
Ai 1.1.21
Unre5tri£ted fund5
General fund
Locomotive Overhaul Fund
Locomotive MaintenaTrce Fund
54.119
444.381
230516
(25.336)
115,028
82.9711
11.600)
(222,198)
223.798
27,183
337.211
371343
729.016
6.721
735.737
Restricted funds
J27 & Q6 Safety Valve Fund
J72 Restoraiion Fund
1,135
10.606
7.838
18.444
TOTAL FUNDS
740.757
13.424
754.181
A ¢UTrent year 12 months and prior year l2 rnonths combined Thet movement in funds. included in the above are
&8 follows=
Incoming
resourc¢5
Resources
expcndrd
Gatns and
ltssses
Movement
in funds
Unrestrleted funds
General fund
Locomottve Overhaul Fund
Locomotive fvlaintenance FurMI
41.102
115.028
160.0
174.070}
7.632
(25,336)
l 15,028
82,971)
243.061}
316.220
(317.131)
7.632
6,721
Restricted fund5
J27 & Q6 Saf¢ty Va]ve Fund
J72 Restoration Fund
{1,135}
62,548)
(1.135)
7,838
70
70.386
63,683
6.703
TOTAL FUNDS
386,606
380,814
7,632
13,424
The Irusiees have designated fvnds for the pur￿￿Se of f]nancing cjclical overhau15 of the locomotivcs which the
charity own. These costs will be substantial and the trnstees therefore feel it prudent to ring fence reserve5 to
enable those assets to be protected for fvture generations to enjoj
Page 12
continued...

NORTH EASTERN LOCOIIOTIIT PRESERVATtoN
GROI'P
NOTES TO THE FIY.4YCI.4L STATEMENTS- continued
FOR THE I"E.4R ENDED 31 DECE￿IBER 2022
14.
RELATED PARTY DISCLOSURES
An amount of £1,34912021= £Nil) w&s paid to a Tn]stee in restttt of work done for the Charity which wa5 not
in respe¢1 of their Tole as a Ttusiee.
15.
ULTIMATE COYTROLLIF*G PARTY
The charitable comparty is c¥Jntrolled by il's tnJsLees.
Page 13

r*ORTH EASTERTr* LOCO￿10T1￿.E PRESERifATION
GROUP
DETAILED sfATE.MEP4T OF FIN.&NCIAL AcfIi'iTIES
FOR THE YEAR ENDED31 DECEMBER 2022
2022
2021
INCOME AND ENDOWMENTS
Don8t10115 #nd legaties
Subscriptions and donations
Gr￿lS
Legacies
Members events
67,898
17,728
48,609
3.506
84.324
100
137,741
84,424
Other trading activities
Locomotive hire fees
Sale of g(￿￿5
73.566
811
79.600
951
74.377
80,551
Investment income
Bank interest receivable
5.097
Total incoming resources
217.215
169.391
EXPENDITURE
Raising donations ADd legacie5
Stock for resale
Member events
328
3.575
427
3,903
427
Chirit#ble Activities
Insurance
Locomoithve resto￿10￿ costs
Workshop consumables
Travel & subsistence
Mainline costs
Workshop maintenance
Subscriptiot15 and donatlOnS
Training and medicals
Depreeiaiion oll￿th0[d property
Depreciation of plant and equiprn¢nt
Depre¢iation of Vehicles
18,217
179.610
2.735
9.048
17,200
82.313
5.890
1,967
4,795
593
3.758
3,396
1,851
3,447
425
3,399
745
1,942
222.749
134.095
Support C05t5
Marjagement
Admini5traiion costs
8.857
8.383
GovernÉnce costs
Independeni examiners fee
1,200
1,200
This pagc does not forrn part of the slatulory financial statewn¢nts
Page 14

NORTH EASTEKY LOCOIIOTII'E PRESERVATIOiY
GROLP
DETAILED Sr.ITE￿JE¥￿ OF FI_NX%CI.4L ACTI1.￿lEs
FOR THE I'EAR ENDED31 DECEIIBER2022
2022
2021
Total resources expended
236.709
144,105
et (expendItureyi￿eorne before and
Ios8es
(19.4941
25.286
Realised recognistd gains And losses
Gains on current asset investments
21.956
Net (expenditureyincome
41,4501
54.874
Thi5 pa8e doe5 not form part of the finan¢iai statements
Page 15