## Trustees Report 2025 

During 2025 the museum was able to deliver 20 railway operating days within its visitor open season of Easter through to mid-October. In addition a special poignant conflict remembrance event was held with invited guests, including the Lord Lieutenant of Rutland and civic dignitaries, which encompassed the 80[th] anniversary of VJ day and the end of World War Two. 

As the Museum was working on the dismantling of a steam locomotive for overhaul we had to rely on the availability of the museum’s fleet of operational diesel locomotives. Prior to Easter there was some trepidation that the nonavailability of steam traction on Open Days could adversely affect visitor visits during 2025. 

The start of the season was also adversely affected by over running major engineering which resulted in the Museum not operating the railway at Easter. 

Overall and looking at the admissions figures and allowing for the lack of any income in April 2025 our footfall was approximately 5% down in 2025 relative to 2024. This result was  better than expected and in line with visitor reductions experienced at other heritage railways in the UK. The lack of steam traction did not have the impact originally expected as with a long dry summer other heritage railways switched to diesel haulage for long periods to minimise fire risk. 

It was pleasing to note that the café income for 2025 was 4% up on 2024 and represents an excellent result from our volunteer café staff. 

On a couple of occasions during 2025 the Driver for a Fiver events showed the best results of that event so far. 

In June 2025 the museum hosted a visit from a television film crew engaged on making a further series of Great British Railway Journeys for BBC TV. Our curator was interviewed by the presenter who was then allowed to drive a quarry train under supervision. The weather was good and the filming went well and we look forward to seeing the museum on the programme which should markedly improve our future visibility to visitor audiences. Shortly after the museum hosted a small film crew who took film of the quarry train for a forthcoming promotional video of Rutland . Again such an initiative will also help put the museum on the map for potential visitors. 



In general our new display on the heritage of the Barrington Cement Works quarry railway was well received being usefully augmented by the presence of the steam locomotive that used to operate at the site. We were pleased to welcome the former quarry manager and his family to an Open Day. 

Steady progress continued with the conservation of three railway loco exhibits whist restoration work progressed on one steam locomotive with the objective of returning it to use in 2026. Restoration work on a quarry diesel loco was completed during 2025 and now sees regular use on Open Days. 

2025 also saw some new volunteers arrive at the museum  and we received a kind offer of the donation of quarry fossils from Barrington Quarry. This offer was very helpfully augmented by the donation of funding from the Rugby cement Benevolent Fund to purchase a new display case for the fossils on display. The display should be completed and commissioned ready for visitor viewing at Easter 2026. 

Visitor viewing facilities at the museum were also augmented during 2025 by the completion of construction of a new viewing platform on the quarry trail. This new facility has been well received by visitors  as it provides a new vantage point from which to watch the quarry trains. 

Work is ongoing with refurbishment of a small wooden building to be used as a display location for equipment and artefacts associated with the operation of a wagon weighbridge on a quarry railway. It is hoped to complete this new project in time for Easter 2026 when it will be opened to museum visitors. 

The museum continues its regular and essential work on grounds maintenance for the benefit of museum members and museum visitors. 

In summary 2025 was a good year despite our earlier misgivings and we look forward to a more positive 2026 with the return of steam traction and enhanced awareness of the visiting public to the presence of the museum and what we can offer both visitors and new volunteers. 

RbR 2025 



Registered Number: 05409096
England and Wales
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Report of the Directors and Unaudited Financial Statements
Period of accounts
Start date: 01 April 2024
End date: 31 March 2025

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Contents Page
For the year ended 31 March 2025
Company information
Directors, report
Accountants, report
Income statement
Statement of financial position
Notes to the financial statements
Detailed Income Statement
12
2of13

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Company Information
For the year ended 31 March 2025
Directors
Mr David Mewn Atkinson
Mrs Anne Bickers
Mr Thomas Selby
Ms Clova Townhill
Mr Clive Wood
Registered Number
05409096
Registered Office
4 MAIN STREET
STANFORD ON SOAR
Loughborough
Lei￿SterShire
LE12 SPY
Trading Address
Cottesmore Iron Ore Mines Sidings
Ashwell Road
Cottesmore, Oakham
Rutland
LE15 7BX
Accountants
White Knight Accountancy Limited
6, Crown Passage
Uppingham
Rutland
LE15 9NB
Secretsry
Ms Sophie Ann Bruton
3of13

RUTLAND RAILWAY MUSEUM - REGISTERED CHARif< NO: 1115462
Directors, Report
For the year ended 31 March 2025
Directorfs report and financlal statements
The directors.present their annual report and the financial statements for the year ended 31 March
2025.
Director3
The directors.who served the company throughout the year were as follows:
Mr David Mervyn Atkinson
Mrs Anne Bickers (from 1610312024)
Mr Thomas Selby (from 1610312024)
Ms Clova Townhill
Mr Clive Wood
Mr Bryan Francis Dodd
This report was approved by the board and signed on its behalf by:
Mr David Mefvyn Athinson
Director
Date approved: 12 August 2025
4of13

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Accountants, Report
For the year ended 31 March 2025
Accountant's report
You consider that the company is exempt from an audit for the year ended 31 March 2025 . You
have acknowledged, on the balance sheet, your responsibilities for complying with the requirements
of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These responsibilities include preparing accounts that give a true and fair view of the state of affairs
of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and
Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of
Changes in Equity and the related notes from the accounting records of the company and on the
basis of information and explanations you have given to us.
We have not carried out an audit or any other review. and consequentty we do not express any
opinion on these accounts.
Vvhite Knight Accountancy Limited
31 March 2025
Jl,-M
V¥lhite Knight Accountancy Limited
6, Crown Passage
Uppingham
Rutland
LE15 9NB
12 August 2025
5of13

RUTLAND RAILWAY MUSEUM - REGISTERED CHARITY NO: 1115462
Income Statement
For the year ended 31 March 2025
Notes
2025
2024
Turnover
47,067
(10,752)
45,758
(26,234)
19,524
Cost of sales
Gross profit
Administrative expenses
Other operating income
Operating profiU(loss)
Other interest re￿1vable and similar income
36,31 S
(27,153)
1,000
(22,961)
10,162
11
(3,437)
17
ProfiU(Loss) on ordinary activities before taxatlon
Tax on profit on ordinary activities
Profitl{Loss) for the financial year
10,173
(3,420)
10,173
(3,420)
6of13

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Statement of Financial Position
As at 31 March 2025
Notes
2025
2024
Fixed assets
Tangible fixed assets
191,977
192,602
191.977
192,602
Current assets
Debtors
1,395
1,605
Cash at bank and in hand
9,183
2,837
10,678
4,442
(12,218)
(7,776)
Creditors: amount falling due within one year
Net current assets
(7,556)
3,022
Total assets less current liabilities
194,999
194.999
184,826
184,826
Net assets
Capital and reserves
Profit and loss account
194,999
194,999
184,826
184,826
Members. funds
For the year ended 31 March 2025 the company was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
1. The members have not required the company to obtain an audit of its accounts for the year in
question in accordan￿ with section 476.
2. The directors acknowledge their responsibilities for complying with the requirements of the
Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial ststements have been prepared in accordan￿ with the provisions applicable to
companies subject to the small companies regime.
7of13

RUTLAND RAILWAY MUSEUM - REGISTERED CHARITY NO: 1115462
Statement of Financial Position
As at 31 March 2025
The financial statements were approved by the board of directors on 12 August 2025 and were
signed on its behalf by:
Mr David Mepryn Atkinson
Director
8of13

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Notes to the Financial Statements
For the year ended 31 March 2025
General Inforniation
RUTLAND RAILWAY MUSEUM - REGISTERED CHARITY No: 1115462 is a private company,
limited by guarantee, registered in England and Wales, registration number 05409096, registration
address 4 MAIN STREET, STANFORD ON SOAR , Loughborough, Leicestershire, LE12 SPY. The
trading address of the company is Cottesmore Iron Ore Mines Sidings, Ashwell Road, Cottesmore,
Oakham, Rutland, LE15 7BX.
The presentstion currency is £ sterling.
1. Accounting policles
Significant accounting policies
statement of compliance
These financial statements have been prepared in compliance with FRS 102 - The Financial
Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified
by the revaluation of land and buildings and certain financial instruments measured at fair value
in accordan￿ with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the
company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of
Value Added Tax and trade discounts.
Tangibl• fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation
and any provision for impainnent. Depreciation is provided at rates calculated to write off the
cost or valuation of fixed assets, less their estimated residual value, over their expected useful
lives on the following basis:
Plant and Machinery
250/0 Straight Line
2. Other operating income
2025
2024
Arts Council & other grant funding
1,000
1,000
9of13

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Notes to the Financial Statements
For the year ended 31 March 2025
3. Operatlng profiU(loss)
2025
2024
The operating profiV(loss) is stated after charging:
Depreciation of tangible fixed assets
624
3,087
4. Average number of employees
Average number of employees during the year was 8 (2024 . 8).
5. Other interest receivable and similar income
2025
2024
Bank inlerest received
11
11
17
17
6. Tangible flxed assets
Cost or valuation
Land and
Buildings
Plant and
Computer
Machinery Equipment
Total
At 01 April 2024
Additions
186,454
14,128
5,000
205,582
Disposals
At 31 March 2025
Depreclation
At 01 April 2024
Charge for year
On disposals
At 31 March 2025
Net book values
Closing balance as at 31 March 2025
Opening balance as at 01 April 2024
186,454
14,128
5,000
205,582
12,980
625
12,980
625
13,605
13,605
186,454
186,454
523
1.148
5.000
5.000
191,977
192,602
10of13

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Notes to the Financial Statements
For the year ended 31 March 2025
7. Debtors: amounts falling due within one year
2025
2024
Trade Debtors
Other Debtors
1,395
1,605
1,395
1,605
8. Creditors: amount falllng due within one year
2025
2024
Trade Creditors
Accruals
Other Creditors
1,653
1,373
4,530
7,556
6,372
1,316
4,530
12,218
9. Profit and loss account
2026
Balance at 01 April 2024
Profit for the year
Balance at 31 March 2025
184,826
10,173
194,999
10. Company Limited by Guarantee
The company is limited by guarantee and therefore has no shares.
11of13

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Detailed Income Statement
For the year ended 31 March 2025
2025
2024
Turnover
Donations, Gift Aid & memberships
Private owner agreementslspecial events
Entrance fees, shop & café receipts
24,069
1,960
21,038
47,067
21,554
1,570
22,634
45,758
Cost of sales
Spares, seNicing & engineering costs
Coal, oil & diesel
Café purchases
7,243
2,056
1,453
16,296
7,306
2,632
(10,752)
36.315
(26,234)
19,524
Gross profit
Administrative expenses
Accountancy Fees
Legal and Professional Fees (Allowable)
Light, Heat & Power
Grounds & premises repairs & maintenance
Bank Charges
Merchant bank Charges
Depreciation Charge: Plant & Machinery
Advertising
General Insurance
Printing, postage & stationery
Telephone
Health & safety training
Sundew Project expenses
1,373
1,302
13
4,361
5,616
58
3,243
1,356
112
548
560
624
3,087
4,496
8,046
142
3,536
9,245
89
746
537
923
67
(27,153)
(22,961)
Other operating income
Arts Council & other grant funding
1,000
1,000
10.162
Operating profiV(loss)
Other interest receivable and similar
income
(3.437)
Bank interest received
17
11
17
12of13

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Detailed Income Statement
For the year ended 31 March 2025
ProfiU(Loss) on ordinary activities before
taxation
Profltl(Loss) for the financial year
10,173
(3,420)
10,173
(3,420)
13of13

Registered Number: 05409096
England and Wales
RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Report of the Directors and Unaudited Financial Statements
Period of accounts
Start date: 01 April 2024
End date: 31 March 2025

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Contents Page
For the year ended 31 March 2025
Company information
Directors, report
Accountants, report
Income statement
Statement of financial position
Notes to the financial statements
Detailed Income Statement
12
2of13

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Company Information
For the year ended 31 March 2025
Directors
Mr David Mewn Atkinson
Mrs Anne Bickers
Mr Thomas Selby
Ms Clova Townhill
Mr Clive Wood
Registered Number
05409096
Registered Office
4 MAIN STREET
STANFORD ON SOAR
Loughborough
Lei￿SterShire
LE12 SPY
Trading Address
Cottesmore Iron Ore Mines Sidings
Ashwell Road
Cottesmore, Oakham
Rutland
LE15 7BX
Accountants
White Knight Accountancy Limited
6, Crown Passage
Uppingham
Rutland
LE15 9NB
Secretsry
Ms Sophie Ann Bruton
3of13

RUTLAND RAILWAY MUSEUM - REGISTERED CHARif< NO: 1115462
Directors, Report
For the year ended 31 March 2025
Directorfs report and financlal statements
The directors.present their annual report and the financial statements for the year ended 31 March
2025.
Director3
The directors.who served the company throughout the year were as follows:
Mr David Mervyn Atkinson
Mrs Anne Bickers (from 1610312024)
Mr Thomas Selby (from 1610312024)
Ms Clova Townhill
Mr Clive Wood
Mr Bryan Francis Dodd
This report was approved by the board and signed on its behalf by:
Mr David Mefvyn Athinson
Director
Date approved: 12 August 2025
4of13

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Accountants, Report
For the year ended 31 March 2025
Accountant's report
You consider that the company is exempt from an audit for the year ended 31 March 2025 . You
have acknowledged, on the balance sheet, your responsibilities for complying with the requirements
of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These responsibilities include preparing accounts that give a true and fair view of the state of affairs
of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and
Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of
Changes in Equity and the related notes from the accounting records of the company and on the
basis of information and explanations you have given to us.
We have not carried out an audit or any other review. and consequentty we do not express any
opinion on these accounts.
Vvhite Knight Accountancy Limited
31 March 2025
Jl,-M
V¥lhite Knight Accountancy Limited
6, Crown Passage
Uppingham
Rutland
LE15 9NB
12 August 2025
5of13

RUTLAND RAILWAY MUSEUM - REGISTERED CHARITY NO: 1115462
Income Statement
For the year ended 31 March 2025
Notes
2025
2024
Turnover
47,067
(10,752)
45,758
(26,234)
19,524
Cost of sales
Gross profit
Administrative expenses
Other operating income
Operating profiU(loss)
Other interest re￿1vable and similar income
36,31 S
(27,153)
1,000
(22,961)
10,162
11
(3,437)
17
ProfiU(Loss) on ordinary activities before taxatlon
Tax on profit on ordinary activities
Profitl{Loss) for the financial year
10,173
(3,420)
10,173
(3,420)
6of13

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Statement of Financial Position
As at 31 March 2025
Notes
2025
2024
Fixed assets
Tangible fixed assets
191,977
192,602
191.977
192,602
Current assets
Debtors
1,395
1,605
Cash at bank and in hand
9,183
2,837
10,678
4,442
(12,218)
(7,776)
Creditors: amount falling due within one year
Net current assets
(7,556)
3,022
Total assets less current liabilities
194,999
194.999
184,826
184,826
Net assets
Capital and reserves
Profit and loss account
194,999
194,999
184,826
184,826
Members. funds
For the year ended 31 March 2025 the company was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
1. The members have not required the company to obtain an audit of its accounts for the year in
question in accordan￿ with section 476.
2. The directors acknowledge their responsibilities for complying with the requirements of the
Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial ststements have been prepared in accordan￿ with the provisions applicable to
companies subject to the small companies regime.
7of13

RUTLAND RAILWAY MUSEUM - REGISTERED CHARITY NO: 1115462
Statement of Financial Position
As at 31 March 2025
The financial statements were approved by the board of directors on 12 August 2025 and were
signed on its behalf by:
Mr David Mepryn Atkinson
Director
8of13

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Notes to the Financial Statements
For the year ended 31 March 2025
General Inforniation
RUTLAND RAILWAY MUSEUM - REGISTERED CHARITY No: 1115462 is a private company,
limited by guarantee, registered in England and Wales, registration number 05409096, registration
address 4 MAIN STREET, STANFORD ON SOAR , Loughborough, Leicestershire, LE12 SPY. The
trading address of the company is Cottesmore Iron Ore Mines Sidings, Ashwell Road, Cottesmore,
Oakham, Rutland, LE15 7BX.
The presentstion currency is £ sterling.
1. Accounting policles
Significant accounting policies
statement of compliance
These financial statements have been prepared in compliance with FRS 102 - The Financial
Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified
by the revaluation of land and buildings and certain financial instruments measured at fair value
in accordan￿ with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the
company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of
Value Added Tax and trade discounts.
Tangibl• fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation
and any provision for impainnent. Depreciation is provided at rates calculated to write off the
cost or valuation of fixed assets, less their estimated residual value, over their expected useful
lives on the following basis:
Plant and Machinery
250/0 Straight Line
2. Other operating income
2025
2024
Arts Council & other grant funding
1,000
1,000
9of13

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Notes to the Financial Statements
For the year ended 31 March 2025
3. Operatlng profiU(loss)
2025
2024
The operating profiV(loss) is stated after charging:
Depreciation of tangible fixed assets
624
3,087
4. Average number of employees
Average number of employees during the year was 8 (2024 . 8).
5. Other interest receivable and similar income
2025
2024
Bank inlerest received
11
11
17
17
6. Tangible flxed assets
Cost or valuation
Land and
Buildings
Plant and
Computer
Machinery Equipment
Total
At 01 April 2024
Additions
186,454
14,128
5,000
205,582
Disposals
At 31 March 2025
Depreclation
At 01 April 2024
Charge for year
On disposals
At 31 March 2025
Net book values
Closing balance as at 31 March 2025
Opening balance as at 01 April 2024
186,454
14,128
5,000
205,582
12,980
625
12,980
625
13,605
13,605
186,454
186,454
523
1.148
5.000
5.000
191,977
192,602
10of13

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Notes to the Financial Statements
For the year ended 31 March 2025
7. Debtors: amounts falling due within one year
2025
2024
Trade Debtors
Other Debtors
1,395
1,605
1,395
1,605
8. Creditors: amount falllng due within one year
2025
2024
Trade Creditors
Accruals
Other Creditors
1,653
1,373
4,530
7,556
6,372
1,316
4,530
12,218
9. Profit and loss account
2026
Balance at 01 April 2024
Profit for the year
Balance at 31 March 2025
184,826
10,173
194,999
10. Company Limited by Guarantee
The company is limited by guarantee and therefore has no shares.
11of13

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Detailed Income Statement
For the year ended 31 March 2025
2025
2024
Turnover
Donations, Gift Aid & memberships
Private owner agreementslspecial events
Entrance fees, shop & café receipts
24,069
1,960
21,038
47,067
21,554
1,570
22,634
45,758
Cost of sales
Spares, seNicing & engineering costs
Coal, oil & diesel
Café purchases
7,243
2,056
1,453
16,296
7,306
2,632
(10,752)
36.315
(26,234)
19,524
Gross profit
Administrative expenses
Accountancy Fees
Legal and Professional Fees (Allowable)
Light, Heat & Power
Grounds & premises repairs & maintenance
Bank Charges
Merchant bank Charges
Depreciation Charge: Plant & Machinery
Advertising
General Insurance
Printing, postage & stationery
Telephone
Health & safety training
Sundew Project expenses
1,373
1,302
13
4,361
5,616
58
3,243
1,356
112
548
560
624
3,087
4,496
8,046
142
3,536
9,245
89
746
537
923
67
(27,153)
(22,961)
Other operating income
Arts Council & other grant funding
1,000
1,000
10.162
Operating profiV(loss)
Other interest receivable and similar
income
(3.437)
Bank interest received
17
11
17
12of13

RUTLAND RAILWAY MUSEUM- REGISTERED CHARITY NO: 1115462
Detailed Income Statement
For the year ended 31 March 2025
ProfiU(Loss) on ordinary activities before
taxation
Profltl(Loss) for the financial year
10,173
(3,420)
10,173
(3,420)
13of13