THE BATTLE OF BRITAIN LOCOMOTIVE SOCIETY TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
Baldwin & Co. Chartered Certified Accountants 22 Bernard Crescent Hunstanton Norfolk PE36 6ER
The Battle of Britain Locomotive Society Contents
| Page | |
|---|---|
| Trustees' Report | 1—3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities (including Income and Expenditure Account) | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7—11 |
The Battle of Britain Locomotive Society Company No. 2228567 Trustees' Report For The Year Ended 30 November 2025
The trustees present their report and the financial statements for the year ended 30 November 2025.
Objectives and Activities
Aims and Objectives
The company is a charity and exists to promote, preserve, maintain, operate and exhibit steam railway locomotives and rolling stock.
Public Benefit
The operation of a steam locomotive is of benefit to the public as an historic and educational resource and experience.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Additional Note
The charity has completed the total restoration of steam locomotive no. 34081. Funds are raised entirely by the charity itself to further the objects. The locomotive has been moved to East Lancashire Railway (ELR) who oversee the operational management of the locomotive.
Reference and Administrative Details
Trustees
Mr A Whenman Mr I Bowskill - Chairman Mr J Arthur Mr K Harris Mr K Wilkins
Charity Number
299140
Company Number
2228567
Principal Address
17 Whitecrofts Stotfold Hitchin SG5 4EB
Registered Office
17 Whitecrofts Stotfold Hitchin Herts SG5 4EB
Independent Examiner
John M Baldwin Chartered Certified Accountants Baldwin & Co. Chartered Certified Accountants 22 Bernard Crescent Hunstanton Norfolk PE36 6ER
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The Battle of Britain Locomotive Society Trustees' Report (continued) For The Year Ended 30 November 2025
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The Battle of Britain Locomotive Society Trustees' Report (continued) For The Year Ended 30 November 2025
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr I Bowskill Trustee 16/01/2026
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The Battle of Britain Locomotive Society Independent Examiner's Report to the Trustees of The Battle of Britain Locomotive Society For The Year Ended 30 November 2025
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 November 2025.
Responsibilities and Basis of Report
As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
John M Baldwin Chartered Certified Accountants 16/01/2026 22 Bernard Crescent Hunstanton Norfolk PE36 6ER
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The Battle of Britain Locomotive Society Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 30 November 2025
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities: Locomotive steaming Other trading activities 4 Investments 5 EXPENDITURE ON: Charitable activities: 7 Locomotive steaming NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 15 |
2025 Unrestricted funds £ 66,470 11,250 8,164 429 |
2024 Unrestricted funds £ 70,445 9,040 10,613 408 |
|---|---|---|
| 86,313 | 90,506 | |
| (21,288) | (61,947) | |
| 65,025 | 28,559 | |
| 65,025 302,252 |
28,559 273,693 |
|
| 367,277 | 302,252 |
The notes on pages 7 to 11 form part of these financial statements.
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The Battle of Britain Locomotive Society Balance Sheet As At 30 November 2025
| Notes FIXED ASSETS Tangible Assets 11 CURRENT ASSETS Stocks 12 Debtors 13 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 14 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 15 |
2025 Unrestricted funds £ 47,668 |
2024 Total funds £ 56,187 |
|---|---|---|
| 47,668 936 6,148 315,320 |
56,187 540 12,637 235,583 |
|
| 322,404 (2,795) |
248,760 (2,695) |
|
| 319,609 | 246,065 | |
| 367,277 | 302,252 | |
| 367,277 | 302,252 | |
| 367,277 | 302,252 | |
| 367,277 | 302,252 |
For the year ending 30 November 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board
Mr I Bowskill Trustee 16/01/2026
Mr K Wilkins Trustee
The notes on pages 7 to 11 form part of these financial statements.
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The Battle of Britain Locomotive Society Notes to the Financial Statements For The Year Ended 30 November 2025
1. General Information
The Battle of Britain Locomotive Society is a company limited by guarantee, incorporated in England & Wales, registered number 2228567 and registered charity number 299140. The registered office is 17 Whitecrofts, Stotfold, Hitchin, Herts, SG5 4EB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
The charitable company is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
Incoming resoureces from fund raising activities and sales and from investments are included when receivable.
2.3. Resources Expended
Resources expended are recognied in the period in which they are incurred.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Fixtures & Fittings 25%
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the statement of financial activities. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the statement of financial activities.
2.6. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Income from Donations and Legacies
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The Battle of Britain Locomotive Society Notes to the Financial Statements (continued) For The Year Ended 30 November 2025
| Donations and gifts Member subscriptions and sponsorships Gift aid 4. Income from Other Trading Activities Fundraising events Sale of donated and bought in goods Sponsorships / social lotteries 5. Investment Income Bank interest receivable 6. Net Income/(Expenditure) The net income is stated after charging/(crediting): Depreciation of tangible fixed assets - owned 7. Analysis of Expenditure Activities undertaken directly £ Locomotive steaming 6,941 |
2025 Unrestricted funds £ 61,398 3,071 2,001 |
2024 Unrestricted funds £ 66,695 2,457 1,293 |
|---|---|---|
| 66,470 | 70,445 | |
| 2025 Unrestricted funds £ 1,278 5,569 1,317 |
2024 Unrestricted funds £ 2,297 6,873 1,443 |
|
| 8,164 | 10,613 | |
| 2025 Unrestricted funds £ 429 |
2024 Unrestricted funds £ 408 |
|
| 2025 £ 8,519 |
2024 £ 10,059 |
|
| Support costs (see note 8) £ 14,347 |
2025 Total £ 21,288 |
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The Battle of Britain Locomotive Society Notes to the Financial Statements (continued) For The Year Ended 30 November 2025
| Locomotive steaming 8. Support Costs General administration Depreciation Interest payable Governance costs General administration Depreciation Interest payable Governance costs 9. Independent Examiner's Remuneration Independent examination of the financial statements 10. Average Number of Employees Average number of employees during the year was: NIL (2024: NIL) |
Activities undertaken directly £ 45,768 |
Activities undertaken directly £ 45,768 |
Support costs (see note 8) £ 16,179 |
2024 Total £ 61,947 |
|---|---|---|---|---|
| 2025 £ 2,795 |
2025 Locomotive steaming £ 2,921 8,519 112 2,795 |
|||
| 14,347 | ||||
| 2024 Locomotive steaming £ 2,758 10,059 167 3,195 |
||||
| 16,179 | ||||
| 2024 £ 2,695 |
||||
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The Battle of Britain Locomotive Society Notes to the Financial Statements (continued) For The Year Ended 30 November 2025
11. Tangible Assets
| Cost As at 1 December 2024 As at 30 November 2025 Depreciation As at 1 December 2024 Provided during the period As at 30 November 2025 Net Book Value As at 30 November 2025 As at 1 December 2024 12. Stocks Stock 13. Debtors Due within one year Other debtors 14. Creditors: Amounts Falling Due Within One Year Accruals and deferred income 15. Movement in Funds Unrestricted funds General: General unrestricted fund Total funds |
As at 1 December 2024 £ 302,252 |
Plant & Machinery £ 376,835 |
Plant & Machinery £ 376,835 |
Fixtures & Fittings £ 5,283 |
Total £ 382,118 |
|---|---|---|---|---|---|
| 376,835 | 5,283 | 382,118 | |||
| 321,565 8,290 |
4,366 229 |
325,931 8,519 |
|||
| 329,855 | 4,595 | 334,450 | |||
| 46,980 | 688 | 47,668 | |||
| 55,270 | 917 | 56,187 | |||
| Income £ 86,313 |
2025 £ 936 2025 £ 6,148 2025 £ 2,795 Expenditure £ (21,288) |
2024 £ 540 |
|||
| 2024 £ 12,637 |
|||||
| 2024 £ 2,695 |
|||||
| As at 30 November 2025 £ 367,277 |
|||||
| 302,252 | 86,313 | (21,288) | 367,277 |
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The Battle of Britain Locomotive Society Notes to the Financial Statements (continued) For The Year Ended 30 November 2025
| Unrestricted funds General: General unrestricted fund Total funds |
As at 1 December 2023 £ 273,693 |
Income £ 90,506 |
Expenditure £ (61,947) |
As at 30 November 2024 £ 302,252 |
|---|---|---|---|---|
| 273,693 | 90,506 | (61,947) | 302,252 |
16. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
17. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
18. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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