Northampton & Lamport Railway CIO Financial statements for the year ended 31 December 2024
(Registered charity, number 1172398)
Page Contents 2 - 4 Trustees’ annual report 5 Independent examiner’s report 6 Receipts & payments account 7 Statement of assets & liabilities 8 - 9 Notes to the accounts
Northampton & Lamport Railway CIO Trustees’ annual report for the year ended 31 December 2024
Full name Northampton & Lamport Railway CIO
Organisation type Charitable incorporated organisation
Registered charity number 1172398
Principal address
Northampton & Lamport Railway, Pitsford & Brampton Station, Pitsford Road, Chapel Brampton, NN6 8BA
Trustees
Colin Haddon, Chair Julian Skinner Marie Pratt, Secretary Mary Sproxton Brian Chambers, Membership Secretary Colin Cuthberston from, 16/11/2024 Joseph Pratt Andrew Entwistle from, 19/02/2024 Paul Sells, Assets Manager
Independent examiner
Eva Stevens, employee of Community Accounting Plus, Units 1 & 2 North West, 41 Talbot Street, Nottingham, NG1 5GL
Governance and management
The charity is operated under the rules of its CIO-Association constitution adopted 04/04/17.
Consultation with existing trustees and members, formal approach and interview. The appointee can be co-opted by the existing trustees prior to being confirmed by the AGM.
Objectives and activities
1) For the benefit of the public the preservation and conservation of the historic Northampton to Market Harborough railway line, its structures, associated rolling stock and history.
2) To advance education in the techniques and methods for conservation and operation of steam and diesel engines and associated equipment and buildings by the provision of training in such areas.
3) To promote the retention and the preservation of any such historical rolling stock, vehicles and equipment as aforesaid by museums, transport undertakings and other
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public bodies and institutions and to provide facilities to enable the public to observe such rolling stock, vehicles and equipment and assist in that preservation. 4) To promote the study of and research into railways, engines and rolling stock, catalogue, collect and collate material and publish information.
Summary of the main activities undertaken for the public benefit
For the benefit of the public, the preservation and conservation of the historic Northampton to Market Harborough railway line and its buildings, infrastructure and associated rolling stock.
Advancing education in techniques and methods for conservation by provision of training in such areas; promotion of the retention and preservation of historical rolling stock and equipment. Regular operation of steam and diesel locomotives.
Public benefit statement
General Charitable Purposes, Education/training, Arts/culture/heritage/science, Environment/conservation/heritage.
The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.
Summary of the main achievements during the period
Volunteers provided by the CIO continue to support the railway, notably through infrastructure improvements and staffing the operation of the railway’s services.
We continue our programme of assisting with refurbishment and maintenance of engines and coaches, to provide adequate rolling stock for the operation of the railway.
We also continue the publication of our journal The Premier Line to keep our members and the general public informed about all our activities and on matters of interest.
We have continued to gain new members in 2024 and these are the source for volunteers to help with the maintenance and operation of the railway. We continually encourage the recruitment of new members and there are currently in excess of 300 members.
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The charity’s policy on reserves
The trustees have considered the level of free reserves (i.e. reserves not held for planned projects and unplanned emergencies) that they wish to maintain. These should cover approximately three years of operating expenditure. Free reserves at the end of 2024 stood at £43,464.
There are two reserves designated for specific purposes, being the southern extension and the station refurbishment. At the end of 2024 these reserves total £11,515.
Financial risks
The greatest risk continues to be that costs outrun income. Maintaining the infrastructure of the railway is a continuing cost and the work of volunteers helps to keep those costs under control. We continue to seek new rolling stock and have a programme of refurbishment and maintenance of existing rolling stock. Donations and membership subscriptions are a valuable source of income. Further grant applications will help to provide funds.
Additional information
We provide grants to Northampton Steam Railway Limited (NSRL) for the purchase of new rolling stock and for infrastructure projects. There is a separate agreement each time a grant is made, to formalise the purpose of the grant. We do not routinely make grants to any other organisation.
Our funders and supporters are varied; grant applications are made to various organisations: we do not regularly apply for grants to one organisation, as some charities do, to support our service delivery costs.
Signed on behalf of the charity’s trustees:
Signed ______ Date _16/10/2025 Colin Haddon, Trustee
Independent examiner’s report to the trustees of Northampton & Lamport Railway CIO for the year ended 31 December 2024
I report to the trustees on my examination of the accounts of Northampton & Lamport Railway CIO (the charity) for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of
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the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed ____ Date _______ FE bweox[20/10/2025]
Eva Stevens BSc, CPFA
Employee of Community Accounting Plus
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Receipts & payments account for the year ended 31 December 2024
| 2023 | 2024 | |||
|---|---|---|---|---|
| Total | Unrestricted | Restricted | Total | |
| Funds | Funds | Funds | Funds | |
| £ | £ | £ | £ | |
| Receipts | ||||
| 4250 | Grants | 4857 | 143 | 5000 |
| 7906 | Voluntary donations | 6502 | - | 6502 |
| 3390 Memberships 3377 - 3377 1026 Lotto receipts 960 - 960 | ||||
| 475 | Bank interest | 653 | - | 653 |
| 37 | Misc sales | 352 | 192 | 544 |
| 17084 | Total receipts | 16701- | 335 | 17036 |
| Payments | ||||
| 19255 | Grants made to NSRL | - | - | - |
| 856 | Insurances | 639 | - | 639 |
| - | Memberships & subscriptions | 45 | - | 45 |
| 100 | Other admin expenses | 68 | - | 68 |
| 3114 | Printing, postage & stationery | 3599 | - | 3599 |
| 625 | Repairs & renewals | 8609 | - | 8609 |
| 7728 | Restoration | - | - | - |
| 863 | Sundry expenditure | - | - | - |
| - IT | equiptment purchase 293 - 293 - Purchase of Shares | 2500 - 2500 | ||
| 276 | Misc assets | - | - | - |
| 32817 | Total payments | 15753 | - | 15753 |
| (15733) | Net receipts/(payments) | 948 | 335 | 1283 |
| 69429 | Cash funds at start of this period | ~~42516~~ | ~~11180~~ | ~~53696~~ |
| 53696 | Cash funds at end of this period | 43464 | 11515 | 54979 |
Statement of assets and liabilities at 31 December 2024
2023
2024
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Northampton & Lamport Railway CIO
| £ | Cash assets | Note | £ |
|---|---|---|---|
| 53696 | 54979 | ||
| 53696 | Bank accounts | 5497 | |
| 9 | |||
| Other monetary assets | |||
| 14365 | 16890 | ||
| 14365 | Investments - Shares in Northampton Steam Railway Ltd | 1689 0 |
|
| Assets retained for the charity’s own use | |||
| General equipment. | |||
| Booking Office restoration, cost for 2022, £4,112. | |||
| Landscaping equipment, purchased August 2022, total cost £2,216. | Landscaping equipment, purchased August 2022, total cost £2,216. | Landscaping equipment, purchased August 2022, total cost £2,216. | |
| Mk1 carriage, purchased October 2021, total cost £25,945. | Mk1 carriage, purchased October 2021, total cost £25,945. | ||
| Interpretation board, purchased October 2021, total cost £1,188. | |||
| 3 x Mk3 TSO's, purchased September 2020, total cost £7,800. | 3 x Mk3 TSO's, purchased September 2020, total cost £7,800. | ||
| DVT, purchased July 2020, total cost £10,800. | |||
| Disabled access ramp (WIP), purchased December 2019, | |||
| total cost £1,675 | |||
| Welfare unit, purchased August 2018, total cost £12,009. | |||
| Allchin steamroller, value on transfer £55,000. | |||
| 3919 coach, current value £19,514. | |||
| Ruston shunting engine, value on transfer £5,000. | |||
| Leyland National bus, value on transfer | |||
| £500. Permanent way, value on transfer | |||
| £29,247.Liabilities | |||
| (900) | Creditors | 3 | (936) |
| (900) | (936) |
These financial statements are accepted on behalf of the charity by:
Signed _____ Dated _____16/10/2025 Colin Haddon, Trustee
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Northampton & Lamport Railway CIO
Notes to the accounts for the year ended 31 December 2024
1. Receipts & payments accounts
Receipts and payments accounts contain a summary of money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand.
2. Funds analysis
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Opening Receipts (Payments) Closing
balance balance
£ £ £ £
Restricted funds
Pitsford & Brampton Station 7028 242 - 7270
Southern Extension 4152 93 - 4245
11180 335 - 11515
Unrestricted funds
General fund 42516 16702 (15754) 43464
42516 16702 (15754) 43464
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Purpose of funds:
Pitsford & Brampton Station - this is a fund that will support the building of the main station building at Pitsford & Brampton Station which was demolished when BR vacated the station.
Southern Extension - the improvement of infrastructure which forms part of the leasehold agreement between Northamptonshire County Council and Northampton Steam Railway Ltd (NSRL).
3. Creditors
| reditors | |
|---|---|
| Independent examination fee | £ 936 |
| 936 |
4. Trustees’ remuneration
Trustees received no expenses, remuneration or benefits in this period.
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5. Related party transactions
There were no related party transactions in this period.
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6. Glossary of terms
Creditors: These are amounts owed by the charity, but not paid during the accounting period.
Debtors: These are amounts owed to the charity, but not received in the accounting period.
Restricted funds: These are funds given to the charity, subject to specific restrictions set by the donor, but still within the general objects of the charity.
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