2026-01-31-accounts - Lnwr George The Fifth Steam Locomotive Trust

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LNWR George the Fifth Steam Locomotive Trust Annual General Meeting 2026

The Financial statements below have been prepared in accordance with FRS 102, on an ongoing concern basis. Fixed assets are initially measured at cost. Assets in the course of construction are not depreciated.

The Trust has no employees.

FINANCIAL STATEMENTS FOR YEAR TO 31[st] JANUARY 2026

Tangible fixed assets

	Assets under construction		2024-5	2025-6
			£	£
	At 1 February		124544	140788
	Additions		16244	56426
	Disposals		___ 0	____0
	At 31 January 2026		140788	197214
	Depreciation and impairment		0	0
	Carrying amount at 1 February 2025		124544	140788
	Carrying amount at 31 January 2026		140788	197214
2.	Debtors - Amounts falling due within one year		nil	nil
3.	Creditors - Amounts falling due within one year	nil	nil
CASH FLOW STATEMENT FOR THE FINANCIAL YEAR ENDED 31 JANUARY 2026
INCOME			£	£
	Opening balance		6154.70	31940.04
	Donations	41356.52		72452.76
	Gift Aid		2784.48	9517.29
	VAT rebate		2701.19	11615.33
	Total Charity Income	46842.19		93585.38
EXPENDITURE
	Tangible assets	16244.49		56426.35
	Transport		708.50	360.00
	Publicity		424.26	335.97
	Administration		1235.34	629.50
	Consumables		92.72	2720.13
	Consultancy fees		1963.30	0
	Rental		0	3456.00
	Insurance		388.24	388.24
	Travel		0	128.70
	Total Charity Expenditure	21056.04		64444.89
Closing balance		31940.04		61080.53
There are no funds held as custodian trustees on behalf of others.
There are no exemptions from disclosure.
TOTAL FUNDSas at 1st February 2026:			£61080.53

Derek Thomas Buckles, Director and Trustee 1st February 2026.

FINANCIAL ACCOUNTS FOR THE YEAR ENDING 31 JANUARY 2026

REVIEW

The Charity’s financial position remains secure.

Our funds continue to be actively used throughout the year to further construction and update our storage facilities and website.

There is a policy to hold reserves to meet contingencies that are not expected or foreseen. It is therefore our ongoing plan to hold reasonable reserves for emergencies and to maintain the charitable fund in credit at all times.

The Charity currently (end of January 2026) holds £61,080.53 in cash. Some £21000 is committed with invoices issued for hornblocks, outrigger/splasher/cab assembly and various items of pipework.

We plan to spend the majority of our funds (less an amount to cover our regular outgoings) on the locomotive; this is considered reasonable as the Charity has a growing source of regular income by way of monthly donors.

The ongoing costs (rental, insurance and Box.com charges) are relatively low and are comfortably covered by our regular donors.

Gift Aid claimed during the year amounted to £9517.29 indicating how important this additional income is to the Charity.

APCM – Summary of What to do When

Here is a simple timeline of actions required before and after the APCM.

Before the APCM

Please note that for point 4 (below) to take place, the independently examined or audited PCC Accounts must have been approved by a PCC meeting prior to being displayed.

Where the regulations refer to “displayed at church door”, please use your discretion to put the notices where they will be best seen.

Revision of the Electoral Roll – in 2026
a. Notice displayed at church door of intention to revise the Electoral Roll – for 14 days – at least 6 weeks before the APCM.
b. Revised Roll prepared - Not less than 15 days and not more than 28 days before the APCM. c. Revised Roll displayed at church door (or published electronically as the PCC decides) for checking by church members - For continuous period of not less than 14 days before the APCM. NB – the Roll should display names, but no other personal information.
Notice of APCM displayed at church door - For period including 2 Sundays before the APCM
Notice of Parishioners’ Meeting to elect Churchwardens displayed at church door - For period including 2 Sundays before the meeting
Audited PCC Accounts for previous year ending 31 December published in such form as the PCC decides and signed copy available for inspection on request - For continuous period of at least 7 days before APCM
Written nominations for candidates for Churchwardens - Before the Parishioners’ Meeting
Nominations for elections of lay members of the PCC (and Deanery Synod every 3 years) - In writing before the APCM or orally at the meeting

7. Parishioners’ Meeting and APCM held - Must be held no later than 31 May .

After the APCM

The following returns need to be made:

The Electoral Roll Officer returns the electoral roll number to the Diocesan Office.

The Salisbury Diocesan Board of Finance is a company limited by guarantee registered in England and Wales, no. 17442 Registered charity no. 240833. Registered Office: Diocesan Office, Emmaus House, The Avenue, Wilton, Salisbury, SP2 0FG

changes to parish officers. The link will be sent out by the Diocesan Office.
The PCC Treasurer returns two copies of the approved Report and Accounts to the Deanery Treasurer.
If it is a year when elections to deanery synods have taken place (due in 2026) then the PCC Secretary returns the form of those elected to the Diocesan Office.

Annual Returns of National Mission and Finance Statistics

Please note these are a National requirement but the information is helpful to your Diocesan Office too, so please make every effort to complete them.

By the end of January each year (although the deadline may be extended), please ensure that the designated person (usually a churchwarden) has completed the National Mission Statistics for your church(es) for the preceding year here https://parishreturns.churchofengland.org/. If you have any difficulty, please contact parishsupport@salisbury.anglican.org 01722 411922.

By 28 June , the PCC Treasurer or another appointed person ensures that the National Finance Statistics for the preceding year for your church(es) are completed here https://parishreturns.churchofengland.org/. If you have any difficulty, please contact parishsupport@salisbury.anglican.org 01722 411922.