CHARITY COMMISSION FOR ENGLAND AND WALES Trustses. Annual Report for the period From: To: Period start datè 0110412024 Peri¢xl •nd date 3110312025 Charity name: LNER Coach A8soclation Charity registration numb•r: 1183387 Objectives and Activities SORP r•f•rnn P8ro 1 17 Summary of the purposes of the charity as sét out in its ovemin document Summary ofthe main activities in relation to those purposes for the public benefit. in particular, the activities, projects or Services identified in the a￿oUnt8. TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE ART AND TECHNIQUE OF RAILWAY COACH BUILDING, BY. OBTAINING. RESTORING AND OPERATING A COLLECTION OF LONDON & NORTH EASTERN RAILWAY ILNERI PASSENGER AND NON-PASSENGER CARRYING COACHING STOCK ANDIOR THOSE OF CONSTITUENT COMPANIES OF THE LNER. Para 1.17 and 1.19 ACTING AS A RESOURCE FOR RAILWAY PRESERVATION ORGANISATIONS TO FACILITATE GREATER PUBLIC ACCESS TO. AND INCREASED PUBLIC PARTICIPATION IN, THE EDUCATION OF THE AFOREMENTIONED RAILWAY VEHICLES, INCLUDING THE RECREATION OF AUTHENTIC EXPERIENCES OF THE GOLDEN AGE OF RAIL TRAVEL FOR THE PUBLIC TO ENJOY. THE PRESERVAnON AND PROTECTION OF THE COLLECTION FOR THE BENEFIT OF FUTURE GENERATIONS. Statement Gonfi'rming whether the trustees have had regard to the guidan issued by the Charty commission on public benefft Parn1.18 The Trustees are confident that the publi benefits from the activrties of the Charity, because the public has the opportunity both to visit the Association's restoration facililies, and to travel in the restored coaches and appreciate their heritage value at a number of herita e railwa locations. Addltlonal Infomiation (optional) You ma choose to include further statements where relevant about.. SORP r6fgr8nc* No grants are made Policy on grant making Para 1.3B Policy on social investment including program related investment Pwa 1.38 The Association has a team of up to 40 volunteers who work regularly on our restoration projects, contributing an estimated 8,000 hours annually. Contrlbution made by volunteers Para 1.38 Oth8r Achlevoments and Performanc8 SORP reference We continue to restore our heritage assets wlth multiple vehicles und8r restoration at our premises at Kirby Misperton and on the North Yorkshire Moors Railway (NYMR). We also have a partn8rship with the Stainmore Railway Company (based at Kirkby Stephen in Cumbria}, who have one of our carriaggs in service and available for the public to travel in. Another dating from 1890 in our ownership is awaiting restoration. Summary of the main achievements of the charty, identifying the difference the charity's work has made to the circumstan￿$ of rts beneficiaries and any wider benefits to society as a whol8. P4rn 1.20 We also continue our partnership with the Embsay & Bolton Abbey Steam Railway where a historic buffet lounge car, once part ofthe 'Elizabethan Expre8S" IS avallable for the public to travel in. We have bèen able to recruit several new volunteers over the last 12 months, some of a much younger age and we are ensuring that heritage skills are transferred down to future generations. The North Yorkshire Moors RaiNYay have been unable to run some of our vehicles that they have on long-term contrad hire from us again this year due to a backlog of mechanical repairs of which are their res onsibilit This means that some of the carriages based on the NYMR have not been a￿essIble to the public. However, the restoration shed at Pickering is open to the publi¢ on ￿rtain days and our volunteers have been able to give guided tours explaining the history and restoration of a unique and historically significant dining car dating from 1894. Addltlonal Infomiatlon loptlonal) You ma choose to include further stat8ments where relevant about.. Achievements against objectives set Para 1.41 Perfomiance of fundr8ising activities against objectives Set P4ra 1.41 Investment performance against obje¢tive8 P8ri 1.41 Other Financial Review Review of the charity's financial position at the end of the period Par8 1.21 The Associalion had income of some £184k and expenditure of£189k for the year, generating a small deficit of £5k. The Trustees consider the osition satisfacto The Trustees have detemined that b8cause of the Association's long-term hire contract with the North Yorkshire Moors Raifway, minimum cash reserves need to be no more than three months ex endtture. £20,000 Statement explaining the policy for holding reserves stating why they are held Para 1.22 Amount of reserves held Para 1.22 Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concem 1.22 Par8 1.24 Nla Para 1.23 Addltlonal Infomiallon loptlonal) You ma choose to include further statements where relevant about.. Donations from m8mbers L8gacies Hire of carriages to third parties Grants from NHLF and oth8r grant- funding bodies Sponsorship of componentslareas ofs ecific carria 8 restoration. The charity's principal sources of fLtnds (including any fundraising) Para 1.47 Nla Investment policy and objedives including any Social investmeni policy adopted Para 1.46 Loss of major benefactor. North Yorkshire Moors Railway {NYMR) does not renew or reneges on current contract. Los8 of volunteer8 due to age, new interests and other reasons. Cost of moving unrestored carriages if forced to vacate current premise$. Loss of contractors and relevant ecialisl skills. A descrlption of the princip81 risks facing the charty Pam 1.46 Structure, Governance and Management Description of charity's trusts.. Type of governing document Para 1.25 Trust How is the charity constituted? . J:"l?orated Pard 1.25 cio Trustee selection methods including details of any constitutional provisions 8.g. election to post or name of any person or body entitled to appoint one or more trustees Para 1.25 Nominees for Trustee posts are invited from the membership, or the Trustees may nominate a person for a role with specific skills. In each case subject lo a proposer and seconder, each applicant will be subject to an election by the memb8rs. Addltional informatlon loptional) You rna choose to include further ststements where relevant about: Policies and procedures adopted for the induction and training of trustee8 P4ra 1.31 The charity's organisational 8tructur8 and any wider network with which the charity works P•rn 1.51 Relationship with any related partl8S P8r8 1,51 oth8r Reference and Administrative details Charit name Other name the charit uses istered charit number Charity's principal address LNER COACH ASSOCIATION LNERCA 1183387 Unit 10, Beansheaf Industrial Park Tofts Lane Kirby Misperton Mallon North Yorks Y017 68G Names of the charity trustees who manago the charty D8ts8 actod If not for whole oar Trustee rnme Office Of any) Name of poY8on lor body) ontlti•d oint trustee If a Murray Brown Murray Brown Bill Monks Acting Chairman Vice Chairman 01.04.24- 07.09.24 07.09.24- 31.03.25 01.04.24- 07.09.24 07.09.24- 31.03.25 Bill Monks Chairman Dave Cullingworth Adrian Laming Peter Wilson Secretary Treasurer Membership Secretary H&S Officer Neil Cawthorne Gordon Wells Paul Johnson Russ ￿hitWaM Deborah Cross Shaun Saltmarsh 10 Cor orate trustee8 - n8mes of the directors at the date the re Dlr•¢tor name ortwasa oved Name of trustee8 holding title to property belonging to the charty D•t•• •ct•d If not for whole Tru•tw namo ••r Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of such assets from the charity's own assets Addltlonal inforniation (optlonal) Names and addres80$ ol advlsers (Optlonal Infomiatlon) Type of Name Addr￿8 adviser Name of chief exe¢utlv8 or names ol senlor stsff membor8 (Optlonal Informatlon) Exemptions from dlsclosure Reason for nondisclosure of ke ersonnel details other o tional information Declarations Tha trustaos declare that they have approved th8 trusteo8' rnport above. Signed on behalf of the charity's trustees Slgnaturels Full namel8) Position (eg Secretsryi Chair, etc) AJ Date 1<6tnW 202¥ ## **Treasurer’s Report for the year ended 31 March 2025** I am pleased to report that we have maintained our strong financial position throughout the year, and I have every confidence that we will continue to target our expenditure where it can produce the best results for our Association. I would like to thank my fellow members of the Finance Committee for their contributions towards this. We are very aware that we are embarking on a different direction for the Association, aiming to reach a point where we are self-financing through contracting out our skills and services, and hiring out our carriages to various heritage railways. This will be enhanced by targeted appeals (e.g., 23896) to fund specific restorations. I must also thank Ian Philpott (our Independent Examiner) for his unqualified opinion on the accuracy of our accounting records (appended) and his usual speedy turnaround of his due diligence work. ## **Adrian Laming, LNERCA Treasurer** ## **Statement of Financial Activities for the year ended 31 March 2025 as approved by the Independent Examiner** ## Receipts and Payments ||Receipts
Note
Unrestricted
funds
Restricted
funds|Receipts
Note
Unrestricted
funds
Restricted
funds|Receipts
Note
Unrestricted
funds
Restricted
funds|Total for
year
Total for
prior year
50,904
47,420
32,898
13,740
79,778
152,559
3,280
4,024
18,127
67,233
**184,987**
**284,976**
Total for
year
Total for
prior year|Total for
year
Total for
prior year
50,904
47,420
32,898
13,740
79,778
152,559
3,280
4,024
18,127
67,233
**184,987**
**284,976**
Total for
year
Total for
prior year| |---|---|---|---|---|---| ||Hire income
2
Other sales
3
Donatons
4
Membership fees
Other income
5|50,904
32,898
78,193
3,280
18,127|-
-
1,585
-
-|50,904
32,898
79,778
3,280
18,127|| ||**Total Receipts**
**183,401**
**1,585**
**Payments**
Note
Unrestricted
funds
Restricted
funds|||**184,987**
Total for
year|| ||Carriage Costs – Labour
6
123,066
1,162
Carriage Costs – Materials
7
21,177
-
Workshop Expenses
8
6,972
-
Administraton & General
Expenses
9
34,182
-
Haulage
2,450
-|||124,228
21,177
6,972
34,182
2,450|108,072
74,290
10,236
27,143
18,199| Page 0 Storage of Carriages and 723 - 723 2,512 Spares - - - Training 1,740 **Total Payments 188,570 1,162 189,732 242,192** ## Statement of Funds |Note
Total for year
Total for prior
year|Note
Total for year
Total for prior
year|Note
Total for year
Total for prior
year| |---|---|---| |**Total Funds brought forward**
10
**90,714**
**42,913**
Total Income
184,987
284,976
Total Payments
(189,732)
(242,192)
VAT Adjustments
11
5,764
5,017||| |**Total Funds carried forward**
10|**91,733**|**90,714**| ## **Notes to the Financial Statements Year Ended 31 March 2025** - 1.1 In accordance with section 133 of the Charities Act 2011, these accounts are produced on a cash basis. All amounts are denominated in Sterling. - 1.2 Independent examination is set out in Part 8 and Sections 145 and 152 of the 2011 Charities Act to allow Trustees of smaller charities to opt for this simpler form of external scrutiny in place of an audit. - 1.3 Unrestricted funds are available for use at the discretion of the Trustees to further the charity's general objectives. Restricted funds are those given by a donor for a specific purpose. - 1.4 Notes to these accounts are not a requirement. However, they are included in the interests of transparency and historical record to assist members in understanding the financial position of the Association. ## 2. Hire income |Unrestricted
funds
Restricted
funds
Total for year
Total for prior
year|Unrestricted
funds
Restricted
funds
Total for year
Total for prior
year|Unrestricted
funds
Restricted
funds
Total for year
Total for prior
year|Unrestricted
funds
Restricted
funds
Total for year
Total for prior
year| |---|---|---|---| |Service Set to NYMR
Polar Express
Hire of 1706|50,004
-
-
-
900
-
**50,904**
**-**|50,004
-
900
**50,904**|41,670
5,000
750
**47,420**| ## 3. Other Sales |Unrestricted
funds
Restricted
funds
Total for
year
Total for prior
year|Unrestricted
funds
Restricted
funds
Total for
year
Total for prior
year|Unrestricted
funds
Restricted
funds
Total for
year
Total for prior
year|Unrestricted
funds
Restricted
funds
Total for
year
Total for prior
year| |---|---|---|---| |Contract Restoraton Work
Sales of parts and tmber
Storage charges|28,440
-
2,208
-
2,250
-
**32,898**
**-**|28,440
2,208
2,250
**32,898**|-
9,240
4,500
**13,740**| Page 1 4. Donatons |Unrestricted
funds
Restricted
funds
Total for
year
Total
Unrestricted donatons
9,564
-
From Stringer legacy
68,629
68,629
189
-
100
100
3087
-
850
850
3857
-
135
135
18477
-
200
200
23896
-
300
300
Calendar
**-**
-
-
PASMA training course
**-**
-
-
**78,193**
**1,585**
**79,778**|Unrestricted
funds
Restricted
funds
Total for
year
Total
Unrestricted donatons
9,564
-
From Stringer legacy
68,629
68,629
189
-
100
100
3087
-
850
850
3857
-
135
135
18477
-
200
200
23896
-
300
300
Calendar
**-**
-
-
PASMA training course
**-**
-
-
**78,193**
**1,585**
**79,778**|Unrestricted
funds
Restricted
funds
Total for
year
Total
Unrestricted donatons
9,564
-
From Stringer legacy
68,629
68,629
189
-
100
100
3087
-
850
850
3857
-
135
135
18477
-
200
200
23896
-
300
300
Calendar
**-**
-
-
PASMA training course
**-**
-
-
**78,193**
**1,585**
**79,778**|Unrestricted
funds
Restricted
funds
Total for
year
Total
Unrestricted donatons
9,564
-
From Stringer legacy
68,629
68,629
189
-
100
100
3087
-
850
850
3857
-
135
135
18477
-
200
200
23896
-
300
300
Calendar
**-**
-
-
PASMA training course
**-**
-
-
**78,193**
**1,585**
**79,778**|for prior
year| |---|---|---|---|---| ||9,564
68,629
-
-
-
-
-
**-**
**-**
**78,193**|-
100
850
135
200
300
-
-
**1,585**|68,629
100
850
135
200
300
-
-
**79,778**|114,977
28,608
100
6,993
318
100
363
600
500
**152,559**| ## 5. Other Income |Unrestricted
funds
Restricted
funds
Balance from closure of sales account
27
-
Bank Interest
1,421
-
Easyfundraising and Amazon Smile
168
-
Gif Aid receipts
6,234
-
Legacy receipts
10,000
-
Other receipts
277
-
**18,127**
**-**
6. Labour Costs by Carriage
Unrestricted
funds
Restricted
funds|Unrestricted
funds
Restricted
funds
Balance from closure of sales account
27
-
Bank Interest
1,421
-
Easyfundraising and Amazon Smile
168
-
Gif Aid receipts
6,234
-
Legacy receipts
10,000
-
Other receipts
277
-
**18,127**
**-**
6. Labour Costs by Carriage
Unrestricted
funds
Restricted
funds|Unrestricted
funds
Restricted
funds
Balance from closure of sales account
27
-
Bank Interest
1,421
-
Easyfundraising and Amazon Smile
168
-
Gif Aid receipts
6,234
-
Legacy receipts
10,000
-
Other receipts
277
-
**18,127**
**-**
6. Labour Costs by Carriage
Unrestricted
funds
Restricted
funds|Total for
year
Total for
prioryear|Total for
year
Total for
prioryear| |---|---|---|---|---| ||||27
-
1,421
600
168
128
6,234
13,690
10,000
52,815
277
-
**18,127**
**67,233**
Total for
year
Total for
prioryear|| |189
945
1623
1706
3087
23896
23956
43567
43632
56856
88339
Carriage Labour Costs – other
Volunteer organisaton|16,537
384
948
-
19,619
168
-
7,761
32,443
8,466
29,419
5,891
1,430
**123,066**|120
-
-
-
850
-
192
-
**-**
-
-
**-**
**-**
**1,162**|16,657
384
948
-
20,469
168
192
7,761
32,443
8,466
29,419
5,891
1,430
**124,228**|4,022
1,837
-
24,219
18,644
7,655
192
9,627
44
37,573
9.637
621
3,628
**108,072**| 7. Material Costs by Carriage Unrestricted Restricted Total for Total for Page 2 ||funds
funds|year
prioryear|year
prioryear| |---|---|---|---| |189
3087
43567
43632
56856
88339
Materials - other|1,556
-
1,324
-
227
-
454
-
7,680
-
1.309
-
8,627
-
**21,177**
**-**|1,556
1,324
227
454
7,680
1,309
8,627
**21,177**|-
32,718
-
-
1,105
-
40,467
**74,290**| Page 3 ## 8. Workshop Expenses |Unrestricted
funds
Restricted
funds
Total for year
Total for
prioryear|Unrestricted
funds
Restricted
funds
Total for year
Total for
prioryear|Unrestricted
funds
Restricted
funds
Total for year
Total for
prioryear|Unrestricted
funds
Restricted
funds
Total for year
Total for
prioryear| |---|---|---|---| |Broadband and computer
Cleaning
Electricity, wood, buildings insurance
Fire alarm
Heater maintenance & heatng
Rates
Tools and equipment
Waste removal|1,124
-
-
-
2,298
-
510
-
457
-
2,122
-
-
-
461
-
**7,232**
-|1,124
-
2,298
510
457
2,122
-
461
**7,232**|1,538
485
2,538
949
495
2,263
496
314
**10,236**| ## 9. Administraton Expenses |Unrestricted
funds
Restricted
funds
Total for
year
Total for
prioryear|Unrestricted
funds
Restricted
funds
Total for
year
Total for
prioryear|Unrestricted
funds
Restricted
funds
Total for
year
Total for
prioryear|Unrestricted
funds
Restricted
funds
Total for
year
Total for
prioryear| |---|---|---|---| |Admin staf
Employee costs
HSE Consultancy
HSE Fees
Independent examiner fees
Insurance
Marketng
Newsleter
Ofce consumables
Other expenses
Postage
Website|0
-
16,074
-
825
-
9,844
-
350
-
5,122
-
-
-
643
-
906
-
67
-
76
-
275
-
**34,182**
**-**|0
16,074
825
9,844
350
5,122
-
643
906
67
76
275
**34,182**|2,070
18,499
0
-
225
4,213
667
914
755
102
202
251
**27,143**| ## 10. Breakdown of Funds |Unrestricted
funds
Restricted
funds
Total for
year
Total for
prioryear|Unrestricted
funds
Restricted
funds
Total for
year
Total for
prioryear|Unrestricted
funds
Restricted
funds
Total for
year
Total for
prioryear|Unrestricted
funds
Restricted
funds
Total for
year
Total for
prioryear|Unrestricted
funds
Restricted
funds
Total for
year
Total for
prioryear| |---|---|---|---|---| |Old Current Account
Current Account
Deposit account
Membership Acc
Cash
32 day notce savings account
95 day notce savings account|-
6,482
28,647
2,325
-
25,254
25,395
**88,013**|-
-
3,720
-
-
-
-
**3,720**|60
6,482
32,367
2,325
-
25,254
25,395
**91,733**|692
5,294
83,595
1,205
560
0
**90,714**| Page 4 ## 11. VAT Adjustments VAT is accounted for on a cash basis, and returns are made quarterly. HMRC settles the returns in the following quarter. Therefore, there is a time lag that requires reconciliation. |Period 03/24 repayment received in April 2024
Period 03/25 repayment received in April 2025
Prior year VAT adjustment
**Net Adjustment**|6,249
(545)
60
**5,764**| |---|---| ## 12. Summary of Restricted Funds |Balance
brought
forward
Receipts
Expenditure
Balance carried
forward|Balance
brought
forward
Receipts
Expenditure
Balance carried
forward|Balance
brought
forward
Receipts
Expenditure
Balance carried
forward|Balance
brought
forward
Receipts
Expenditure
Balance carried
forward| |---|---|---|---| |189
3087
3857
18477
23896
Calendar|2,550
-
1,245
730
-
600
**5,125**|120
120
850
850
0
1,245*
120
-
300
300
-
-
**1,090**
**2,215**|2,550
-
-
850
-
600
**4,000**| *Donor agreed to transfer donations to general funds. Page 5 CHARifi COMMISSION Flyi ETr￿LAND IMJ VI￿E$ Independent examinerfs report on the accounts Se¢tion A Independent Examinèr's Report Reportto th¢ tr￿1#0* LNER Coach Association On •ccounl• for th• ymr •nd¢d 31 Juty 2026 ¢h•rlty rK+ Ibf any) 1183387 Set out on p•q•8 Aecounts Ono to Ac¢oun¢• Flv• I rewl 19 tru•tee8 on my examination ofthe xc4yMt8 oftr* abovè anty nh8 Tru￿) for ts year end•J 31 JLdy 2025. R••pon•lbllttlM and ba$1$ of r•port As th tharivg IrLthes. you are reswrnlble Ic¢the wepar8tion d the •ctounts in aece(danr* withth? r•wir•mewts ofth• chari11￿ Ad 2011 Arfl I in r•8p8d of my auminoliw of th• Tnot¥ a¢￿nts ¢arrwd oul der aeth'or$ 145 01 th& 2011 Ad aThl in carrying out my examin￿lOn. I have I￿1￿￿ all ihe applKAble Direth"ons gN6n by the Chariiy Commission LKKl8r 68thon 14515llbl of the A(t Indep•nd•nt Tha d￿nty'8 gro￿ ineoma exceeded £250.0￿ in the wor year and l 8m •x4mlnerfs •tatsm•nt qualif*d lo undert8ke the ex8mln8tiM by bwng • qu•lrf*J membor of Th Chartered Association ol Certffied Amntants. I ha¥• e4JmF4•téd my èx*nSnafjon. I cortfim) thai no matèrfal m#tt*B havè com• to my attention in conmdion with th8 •x8Mwi8￿'On gNès m• c•uge to bdieve that in. any material ￿peCt. tho accountiro recorth not k8Pt Sn accordance wrth ucifjon 130 of the Ch8riti8g A(a.' r the accounts accord wrth the accounttn9 records." or th# aecounts nol CeffjF4y *ith thè apF4tsN8 raquirem•nts ¢on¢4min9 the fo￿ 8n(I conlont of 8¢¢ount8 s•t out in lh• Chg1th8 (A￿unIS and ReWI Rg3ulath?ns 2008 oth8r than any requirem¢nl that Ihe acxounts give a Irue and tair. which is nol a m&tter i$idefe¢ a$ part of on ind¢Fendent 8x8minaticffl. I hav? np conc¥m¥ aTrJ hav* o)rn¢ ¥ttoss no other matttsrn in Conned￿)n with •xarninatitin to whth attention should bo drawn in this rewt in to 8natl• a understsThJing of the accounts lo reached. * ddoto th• iii tho IKack6tsrfth•ydonrA AW. 8lgn•d: Dat•: 21 Juty 2025 N*m•: l&n Plilpott A￿•v*nI prnl•Mlonal qu•lffi¢atlorf•l or body Ilf ¥nyl: FCCA Addr•#*.' om Aeeountww 39 Limit•d