## **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
Page 1
**The Battle of Britain Locomotive Society Trustees' Report (continued) For The Year Ended 30 November 2025**
Page 2
## **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
Page 3
**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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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
Page 4
## **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.
Page 5
## **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.
Page 6
## **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**
Page 7
## **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|
Page 8
**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|
||||||
Page 9
**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|
Page 10
## **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.
Page 11