CALEDONIAN RAILWAY
828
TRUST
Seotli¥h Charity Numbtr ￿1￿￿741
ANNUAL REPORT
2024
OSCR
Scottish Chanty Resulalor
Registered Charity
SC004741

CALF.D()NIAN RAILWAY 828 TRIIST
(%collish C'.harity Numkn Sl-(XH741)
TRUSTEES. ANNUAL REPORT AND ACCOIIYTS FOR THE YEAR ENDED
31 DF.CEMIIF.R 2024
CHARITY INFORMATIOIY
Trus¢tts
The Tru%tce% who scr4¢d durinÈ the v¢ar wcff:
TRII%TF.F,S RF.P()RT
The TrnS￿eS are ple&%ed lo pr¥5ent their rew1 for the ycar CNJLYI 31 Delember 2024.
All tnjstees are apFX)inted nr reap￿)Illted by the memlffi at the Annual Cienerdl Meelin8 of thc charily usu-
ally hLld in MarLhlApril ¢￿h year.
in
"IhL C2lLdonian Railwav 8?8 1 rust r¢fwr¢d hereaft¢r as the I ru5L is • charitabl¢ ITusL and th¢ purposes and
administrdtion arrdngLmeni.% arL' containLxI in thc con￿ltU(lon daied 27 Novcmtrtr 1965 (with lalcr 8m¢nd-
menLs1. 'lkne'lrust is regulated by the Scottish Clwity. Regulalor {OSCR).
The Trust is indcpendcni aThl has cfflnection with any other tr￿￿Y.

CALEDOYIAN RAII.WAY 828 TRUST
(Scottish Chariiv NumkKr SC(XH741 >
TRu¥fF.F.S' ANNUAL RF.PORT,*liD ACC.I)IIYTS FOK THF. YF.AR ENDED
31 DFCEMilb-R 2024
ritsble Pu
'rhe purwige% of ih¢ TrusL &% set out in the Constitution. a￿ 10 acl as legal owner of Caledonian Railwav
l.IK'iimvltv¢ No. S?8. and any other steam I￿OMOtive a¢quired. lor publiL eihibiiion and r¢slordlion lo
i)rk-iii8 ()r(kT and u.se in scrvicc for public benelii and edu¢aiion. All moi)iL% rai*xl and remaining aft¢r
Lxpenses shall Lx. fur I￿orn011￿C rts1o￿lOn and kn help fund any major repairs after resic)rnlion.
ities wi
A re4ULs1 friim the %pa VallLy Railway for the ￿1￿1]nul￿ hire of C RS?s fi)r ?0?4 w'as agrced by tli¢ irusiLL%.
'IliiN ￿rIni11cd rhe safe and drj. sli)rdge of ihe I(Kom￿ly¢ during the winter monihs and PLrniitted mainl¢n-
dnle to bc underlaken li) a high S￿)dartI. The rnilway arrangcd for the annual boiler te8t by lh¥ insurance
companv and tliL ILSt was SUCLLssful. (". R 8?8 continued to b¢ lik¢d b) IhL' LrL'WS and ¥encral public and ()f
coursL' thL railway enthusi&sL8. Spa Vall¢y publicity. L)n F&¢lxx>L included many short i'ideos aiid
phol()% nf thc Io¢oTnotive at work Tunbridge Wells aThl Irid￿. thC￿ rLLL'iVLxI man>. likes and
PObiliYe commcnLs.
C R8?8 was buili at 51 Kollox Wnrk% Glas'bTOW in 181P) and so reached a major18ndmark in *O?4. being the
1 ?5ih birthda), of ih¢ I￿OM01]Ve. Th< Spa Vallcj Railway arranged a Sci)tiish gala eweni durin8 Ihe la%1
WLX'kLnd of August ?0?4 10 cclcbrate this landn)iirk. whiLh proved extremel). SUCLCSSful. L'R419. in blA¢k
IIR livery. was bn)u8ht down froin th¢ B()'ne5% and Kinnetl R2ilw?y and included doublL hLadcd haulage.
Rails of ￿h￿￿1￿1￿ ho(J pr()duced models of CR8•8 {alw in IJK livcry in ?O??l. Prtr•S and tLlc*ision ILam%
'irL' invited to a presenthiion. al wthich 0[￿ i)f IhL IruslLYi prv*ni. A ￿'Ide0 was mad¢ of this ¢)cLa%iiiii
and dislributed io all trust¢xs. Thc trusltts i(￿lin￿e io eiplure means of rai.ging the considLrnblL am()unt c)f
1111)IILV whilh will IK. ne¢ded ft)r ihe nL'il Tnajor overhaul of ihe li￿om￿tIV¢. 'Ibe Spa Vallw, Railway arL'
k￿.n to Continue ihe hirL' in ?0?5. and ihi% will provid¢ a Lonlinued source of iD¢omc io ihe .1 rus1. TIIL AIIII I
to continue In keep the l(Koniotiv¢ in operational cnndiiion. in order that it can bc cnjnycd by the public and
voluntL*rs wl)ilst ￿nh￿￿'in¥ en¥ine¢ring ski115 and Cd￿allon.
TrustLX. RLM
I"iieived rc-rcimbursment of paymeni madc for the Indy￿jent exami￿1$ IM)norarium.

CALEDONIAN RAILWAI. 828 TKU.%T
(Scoitish Charity Number SC004741)
TRUSTEES, ANNUAL REPORT AND ACCOlIN"rs FOR THE YEAR ENDF.D
31 Db:CF.MIIF.R 2024
The Trnst hold8 iinrestrictLxI fiinds whTch arc u5cd to partialty fund majnr item8 nf cr￿nd]ll]rC on thc l(
mi)live repairs. 'I'his liindin8 and oiher wT¢niial iicms of CK￿lIure are and ogrced bv all tl?e
TnJslcL"s.
'I'hc"Irurt held unrL*IriLILxI funds c)f £126284.60 al 31 tkcemkr 10?4.
The Trusl¢¢s dKlar¢ that they have approved the Truskxs. AnnLtal Rqx)rt aixJv¢.
IC-h-iii-m•inl
l)ate=
103£

CALFDONIAN RAILWAY 828 TRUST
Scolli%h LhariTh' Number SC'004741)
TRII.STEES' ANNUAI, RF:P()RT AND.4C.C:()IiYrs FOR THE YEAR F.NDED
31 DTr-C-F.MBF.R 2024
RF.CF.Iwr(> AND PAYMENTS ACCOUNT TrOR THF. YF.AR ENDED.11 DFCEMBF.R 21124
RF.C.F.IPTS
lolal Fun(L% ?024
Total funds ?023
Spa Valley hire fees
12023124}
35.0(X)
Donation¥
130
HMRC Liift Aid
30
Royaliies 2
Total ReceipL8
-17,160
718
PAYMF.N"fS
minLs relalin '
tablc ¢KliviliL'
Total PavmeDts for Char-
ilable Purposes
Subscription (HRA)
Ind¥FM*ndL'nl Examiner J
212
75
Total Governance Costs
Tutal Pavments
239
Excess of Receipts ovcr
l•a)'menls
36.920
618
All funds are unr&4tricted.

CAI.F.I)ONIA]% RAILWAY 828 TRUST
{Scoiti%h C.hartty Numkr SC004741)
TRUSTEES, ANNUAL REP()RT AND.4CCOIIYT% Folt THF. YLAR LNDED
31 DLCLfvIBER 2024
STATTr:MF.NT OF BAI.ANCF.S as ai 31 Dcccmbcr 2024
2024
2(b2.1
Bank B¥laDce
Bank balance B/F
89.364
88.746
Movement* in *e#r:
I:xcc.%s ot" RLxLipL% oN'er Payments
36.920
618
Ilank balancc Cn-,
126.284
89.364
A&$ct
Caledonidn Rail￿￿Y l.ocomotivc No 828 at cost
l Donations from individuals - £160
2 Rvyaliies from Rails I loldings {C'R828 models) - £2.(M)O
.1 Trustee remun¢r*lion Ind reimburstmenl of expenses and Relaled Partv Tran$activns:.
ki•s reimburscd for paymcnl of cxl¢rnal cxamincrfs honorarium of £27.
No trustec or ￿[SOn relaled io a trus'lee had any ￿rSonal int¢r¢st in any contract or transaclion
cnt¢r¢d into by the charity, during the y&qr.
ADpfovLxI bv ih¢ Trustees and signed on iheir behalf:
i(.'hairman)
l)atc:
2r)%J

CALb:DONIAN RAILWAY 828 TRUST
{Scottish L harity NTumber SL 01147411
TR15STF.FS' ANNUAL REPORTMDACCOIIIYTS Tr'OR THF. YEAR F.NDF.D
-11 DECLMBF.R 2024
IIYDF.PF.NDENT LXA.MINF.R'S> Rb:l>()RT T() THF. TRIISTEL% OF TIIE
cALF.Do￿JAN RAILWAI. 828 TRLST
I report on the financial statements of thc chariiy for thc ycar ended 31 Decembcr 2024. which is sct
oul on pagyes 5 and 6.
ctive R
rT stee8 arml Ell.xamincr
Thc charitv's Irusletro JT¢ r¢sponsible for th¢ prcpardiion of the accounts in accord4WbCC w'ith th¢
ienns of ihc C'h￿IntleS and Trustccs InVL￿ment (Scoiland) Act ?IK)5 (-the 21K)5 Act-) and Ihe Lhari-
lie% A¢counLs (%LC)tldnd) Regulations ?(M)6 (&% amendLd) ('IhL- 201)6 Regulatlons"). 'lThe ch4￿1(Y,4
IrLL%I'Ls wnsidL'r thal Ihe audit requircmLnt ol- RL'g7ulalion l O( I Xd) ol- the ?(M)6 R¢glulatio￿% d() nc)I
apply. li is my responsibility lo exa￿in￿ thc acLC)unL% rcquircd undcr seLlion (44)(1)(c) of ihe
?OU5 Aci and so sXat¢ whether particular mattcrs hal'c L<)mc lo my atlcntton.
fln
ndeni F.xamin
rfs Sialement
My cxamination is CarrIL￿ oul in accordance with Rcgulation I l of the ?IY16 Regiulattot)8. An cx-
amindiion includcs a revicw of thL accounlin¥ TLYi)rds kept by ihc charity and a comparison i)l- Ihe
accc)unts prcscniLYI with Ihosc records. li also includes consideraiion of any unusual il¢ms or dis-
Llu.%urL'S in Ihe accounts and 8eeks ¢xplan*ions Irom the Irustees conccming any such mattcrs. "ITh¢
pr()Ledure% undcrtakcn do not prc)vid¢ all thc L'vidcnce thai w()uld bc rcquircd in an audil and. con-
SL'qULntly. l th) not cxprcss an audil opinion on thc vi¢w givcn by the accounts.
amineV% Sidlem
In ¢onncction wilh my Lxamination. no rnatter h&5 come to my attcnlion:.
whiLh givcs mc rcasonable caus¢ lo ￿lIeVe thaL in any matcrial reS￿l the rcquirements:.
- io keep accounting records in ac¢vr(lanLe with scction 441 l Ma) of the ?￿5 Act and
RLguldtivn 4 of Ihe 2006 Rcbpuiations. and
- lo prLpare a¢L()unts which accord with the accounting re¢ords and comply with Rcgulalion 9 of
thc 2006 Regulations haTre noi been met. or
? to wllich in my opinion. 4ttenlion should b¢ drawn in order to ¢nabl¢ a propcr undcrstsndingi or
the 1￿coUnts to be r¢ach¢d.
Dalc:
IS AIM£ 20¥