GLOUCESTERSHIRE WARWICKSHIRE RAILWAY TRUST

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Ormerod Rutter Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. GLOUCESTERSHIRE WARWICKSHIRE RAILWAY TRUST · parent
   1. Gloucestershire Warwickshire Steam Railway Plc
   2. Severn Valley Railway (Holdings) Plc
   3. Great Central Railway Plc

Significant events

• “During the year under review, we provided Grant Aid to GWSR PIc for the purchase and planting of several trees to enhance our lineside, the acquisition of two machines for the Steam Department Machine Shop to increase its capabilities, and the procurement of new signalling cable from Gotherington to Cheltenham Racecourse to improve the Railway's signalling and communications resilience.”
• “The Viaduct Appeal was concluded as the financial year ended on 31st January, having successfully financed the replacement of the waterproof membrane. Essential repairs to the structure's brickwork can now be funded from the remaining balance.”
• “At the outset of the year, we welcomed David Burch as our new Financial Director.”
• “Regrettably, John Woodall, who has served as Secretary to the Board, indicated his intention to step down at the end of January 2026. In his stead, we have appointed Mike Taylor”
• “Andrew Smith was elected to the Board of Directors in 2025 with a mandate to devise plans for enhancing the visitor experience. Andrew has since been appointed to the Board of GWSR PIc as our Cross Board Director.”
• “GWRT sponsored the Railway's Rail 200 event held at the end of September to mark the anniversary of the first passenger carrying railway from Stockton to Darlington.”
• “Our accounts reveal that we received over £500,000 from legacies during the period under review, making this our most significant source of income.”
• “The Directors have resolved not to increase Membership Subscription Rates for 2026. However, members are hereby notified that rates will rise on 1st January 2027.”
• “The Board has however decided to withdraw the £5 additional voucher from 1st January 2027.”
• “Our Museum Director, Rose Phillips, collaborated with Rail and Archive Trust and Broadway Museum to establish a long-term exhibition at Broadway Museum, focusing on the history of Broadway Station. Furthermore, we have initiated a project group dedicated to developing the concept for a GWRT-run museum, which will form a key part of the redevelopment of the Toddington Garden Centre site.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

13

last 12 months

Capital events

0

last 24 months

Officers appointed

3

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.