## **Trustees’ Annual Report for the period**
**From 1[st] April 2024 To 31[st] March 2025 Charity name: GOWRIE Locomotive Trust CIO**
## **Charity registration number: 1185962**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To advance the education of the public in
the history and heritage of, in particular but
not exclusively, the narrow-gauge steam
locomotive GOWRIE, the original of which
was built in 1908 by the Hunslet Engine
Company of Leeds (works number 979) for
the North Wales Narrow Gauge Railway to
Fairlie’s Patent Design by constructing a
replica and displaying and operating if for
the public benefit.|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|Fabrication of the bunker, tanks and cab.
Construction of the trailing bogie has
progressed. Castings for the cylinders have
been transported to John Dunn
Engineering for machining. Production of
patterns and castings for the cylinders and
other parts. Development of the stock for
the exhibition stand and products for sale.|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Construction of the replica locomotive has
progressed during this period. The main
public benefit will come when significant
parts and eventually the whole locomotive
can be displayed, exhibited and operated.|
## **Additional information (optional)** You may choose to include further statements where relevant about:
||
SORP reference||
|---|---|---|
|Policy on grant making|Para 1.38||
|Policy on social investment
including program related
investment|Para 1.38||
|Contribution made by
volunteers|Para 1.38|There has been a significant contribution
by volunteers dealing with the machining
and assembly of parts made by specialist
contractors. One of the trustees has been
responsible for making the necessary
amendments to the drawings which will
make the locomotive work to the best of its
ability and allow it to run to current safety
standards and requirements.|
Other
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The fabrication of the bunker, tanks and
cab has been completed and fitted to the
carrier frames on return to the workshop
from the fabricators workshop. Progress
has continued on the construction of the
trailing bogie including the fitting of the
wheelsets. The cylinders have been sent to
an outside contractor for machining.
Machining of various ferrous and non-
ferrous parts. This work being carried out
by volunteers.
We have attracted new volunteers both
young and old to help with the construction
and machining of parts. In all cases the
volunteers have utilised their existing skills,
but have also been able to pass on their
skills to others and learn new ones from
other volunteers.
We have consulted and taken advice from
CTL Seal and Israel Newton a long
established firm of boilermakers regarding
the construction of the boiler following the
original boiler maker having had to pull out
from the project for personal reasons. We
are still in consultation with CTL Seal
regarding the construction of the power
bogie pivot.
Further development of the website to
inform the public of our progress.
Production of update leaflets for handing
out at any events we attend, giving the
history of the original locomotive and
explains ways in which they can help the
project.
We have extended the invites to the public
to become Friends of GOWRIE by the
attendance at various events around the
country and articles in the various railway
magazines.
As a Friend of GOWRIE at a cost of £25
per year, they receive 4 quarterly
magazines detailing the progress of the
build and an invite to visit us at the
workshop to view progress. For those who
want to support the project further for a
one-off subscription of £500 or 24
payments of £25 they will receive the
magazines, invites to visit the workshop,
an exclusive David Charlesworth framed
print of GOWRIE in the Aberglassyn Pass
and a ticket to ride behind the Locomotive|
at its launch event. To raise awareness of the project we attended events at CTL Seal for the Hengist open day, North West Leicestershire SMEE, Statfold Barn Railway, Claymills Pumping Station, Sheffield Society of Model Engineers, Threlkeld Mining Museum, Chesterfield Society of Model Engineers, and North Staffordshire and Cheshire Traction Engine Club Open day, with the display and sales stand, items for sale were totally revamped and the range extended so that more money could be raised for the project. We also took out and ran the 5” gauge model of GOWRIE owned by one of the Trustees, to promote the project at events held by Statfold Barn Railway, Sheffield Society of Model Engineers, North West Leicestershire Society of Model Engineers and Chesterfield Society of Model Engineers.
## **Additional information (optional)**
## You may choose to include further statements where relevant about:
Achievements against Para 1.41 objectives set Performance of fundraising Para 1.41 activities against objectives set Investment performance Para 1.41 against objectives Other
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|Opening balance 01/04/24 £28,617
Closing balance 31/03/25 £44,525|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|We aim to hold a balance of £2,500 in
reserve at all times to cover any emergency
expenditure|
|Amount of reserves held|Para 1.22|£2,500|
|Reasons for holding zero
reserves|Para 1.22||
|Details of fund materially in
deficit|Para 1.24||
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23||
## **Additional information (optional)**
|**Additional information (optional)**|**Additional information (optional)**|**Additional information (optional)**|
|---|---|---|
|You may choose to include further statements where relevant about:|||
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|We have raised money from Friends of
GOWRIE subscriptions, along with regular
subscribers, or followers making one off or
regular contributions.
Sales made from our display stand at
promotional events.|
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46||
|A description of the principal
risks facing the charity|Para 1.46||
|Other|||
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution|
|How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|New Trustees are selected by existing
Trustees but acting as members as
detailed in the constitution|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
Policies and procedures Para 1.51 adopted for the induction and training of trustees The charity’s organisational Para 1.51 structure and any wider network with which the charity works Relationship with any related Para 1.51 parties Other
## **Reference and Administrative details**
|Charity name|GOWRIE Locomotive Trust CIO|
|---|---|
|Other name the charity uses||
|Registered charity number|1185962|
|Charity’s principal address|6 Shipley Rise
Carlton
Nottingham
NG4 1BN|
|||
## **Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**|
|---|---|---|---|---|
||Alan Freebury|Chaiman|||
||Marion Allen|Hon.
Treasurer/Secretary|||
||Andrew Martyn
GeoffreyAshworth|Trustee|||
||David Harland
Smith|Trustee|||
||Paul Stock|Trustee|01/04/24-26/01/25||
||John Taylor|Trustee|||
||Joseph Evans|Trustee|||
||Nigel Freebury|Trustee|||
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## – Corporate trustees names of the directors at the date the report was approved
**Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **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
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
**Type of Name Address adviser**
## **Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
Marion Allen **Signature(s)** Alan Freebury Marion Allen **Full name(s)** Alan Freebury **Position (eg Secretary,** Chairman Hon Treasurer/Secretary **Chair, etc) Date** 10[th] January 2026
## **GOWRIE LOCOMOTVE TRUST CHARITY NUMBER 1185962**
Accounts 1[st] April 2024 to 31[st] March 2025
|**Income**
Merchandise Sales/Events
Individual Donatons
Gif Aid
Bank Interest
**Total Income**
**Expenditure**
Motor Expenses/Travel Expenses
Directs
Computer Sofware
Printng
Postage & Statonary
Insurance
Bank Charges
Rent
Accountancy
**Total Expenditure**
**Excess of Income over Expenditure**|**2025**|
|---|---|
||**£**
971
46,685
6,284
531|
||54,471|
||1,099
16,703
195
975
586
7,446
62
11,147
350|
||38,563|
||15,908|
**GOWRIE LOCOMOTIVE TRUST CHARITY NUMBER 1185962**
## **Balance sheet**
## **Current Assets**
|VAT
Current Account
Nat West Account
Savings Account
Virgin Money
PayPal
Pety Cash
**Current Liabilites**
Accruals
Net Current Assets/Liabilites
Balance Brought Forward
Net Proft/Loss for the year||**2025**
**£**
1,503
2,422
459
8,036
32,346
55
54|**2025**
**£**
1,503
2,422
459
8,036
32,346
55
54|
|---|---|---|---|
||||44,875|
|||350
350
44,525
28,617|350
350
44,525|
|||15,908
44,525||
Examiner's unqualified report (for a non-company charity preparing receipts and payments accounts)
with a gross income of £250,000 or less in the relevant financial year.
Independent examiner's report to the trustees of Gowrie Locomotive Trust
I report to the trustees on my examination of the accounts of the Gowrie Locomotive Trust for the
year ended 31 March 2025 Responsibilities and basis of report. As the charity trustees of the Trust
you are responsible for the preparatTron of the accounts in accordance with the requirements of the
Charities Act 20111'the Act'l. I report in respert of my examination of the Trust's accounts Carried
out Ljnder section 145 of the 2011 Act and in carrying out my examination I have followed all the
applicable Directions given by the Charity Commission under section 14515llbl of the Act.
Independent examiner's statement I have completed my examination. I conlirm that no material
matters have come to my attentr.on in connection with the examination giving me cause to believe
that in any material respect..
accounting record5 were not kept in respect of the Trust as required by section 130 of the
Act,. or
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 to enable a proper understsnding of the accounts to
be reached.
Signed:
Name.. Shirley Barnett MAAT
Address..
Avalon Accountancv
Dishley Grange
Loughborough
Leics
LEII 5SF
Date:
19, December 2025