EAST ANGLIAN RAILWAY MUSEUM
Registered Charity Number 1001579
Registered Company Number 02546486
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

EAST ANGLIAN RAILWAY MUSEUM
CONTENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Page
Legal & administration infomation
Trustees, Annual Report
Independent examiners, report
Statement of financial activities
Balance sheet
9-10
Notes to the financial statements

EAST ANGLIAN RAILWAY MUSEUM
LEGAL & ADMINSTRATION INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Charity Number
1001579
Company Number
0972290
Truste88
P Martin - Chair
M Cornell
M Stanbury
M Fogg Elliot
P Robinson
Registered office
Chappel & Wakes Colne Station
Station Road
Wakes Colne
Colchester
Essex
C06 2DS
Independent examiner
Community360
Winsley's House
Colchester
Essex
C01 1UG

EAST ANGLIAN RAILWAY MUSEUM
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Objectives and organisational structure
The principal objects of the Company are defined in its Memorandum of
Association that states..
The Museum is established to advance the education of the public with regard to
railways in particular by collecting, preserving, interpreting, documenting material
evidence and associated information for the public benefit by (but without prejudice
to the generality of the foregoing) the maintenance of a Museum for items of
historical railway interest, and by the restoration, maintenance and operation of a
railway on or alongside the Museum, or on other sites, and the display and
demonstration of Museum items and railway for the benefit of the public as items of
technical and general interest and educational value, and in furtherance of the
foregoing objective the Museum will be vested with the powers of operation of the
Chappel & Wakes Colne Light Railway.
To fulfil these aims the Museum administers the East Anglian Railway Museum at
Chappel & Wakes Colne Station, Colchester, Essex. The Museum owns the
freehold of the station buildings and goods yard, with approximately 6 acres of
adjoining land, and approximately 6.5 acres of land adjacent to Bures Road west of
the station. A long-term lease on peppercorn rent is held on land forming half of
the station platfom and railway track alongside the operational line of Network Rail.
A programme of steam days and other special events is undertaken, alongside the
156 day a year opening of the Museum site, in order to raise interest in the
historical assets held and to raise funds for their maintenance and the general
development of the Museum.
The Trustees meet monthly as a full board to discuss all matters relating to the
perforrnan￿, finance, and future development of the Museum. Attendance at board
meetings, of which there were 12 in the year, attended by Trustees Peter Martin,
(Chair), Mark Cornell, Peter Robinson, Mike Stanbury and Mark Fogg Elliot as
Treasurer. Secretary Liz Larvor resigned in April 2023, with Mike Bradley taking
over secretarial duties from June 2023.
Review of financial position
The year was the first to be free of any coronavirus restrictions and was generally
year of consolidation in terms of the way we opened to the public, continuing to
open 3 days per week and running a calendar of basic, low investment events to
rebuild our revenues.
However, projects already undeNay have continued:

EAST ANGLIAN RAILWAY MUSEUM
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
The N7 boiler is being progressed in Liverpool, being funded by legacies and
donations. Meanwhile the rest of the engine is being made presentable, and much
interest is being generated.
The new firebox for Lamport has arrived on site and works on the chassis are
largely complete. Repair work to the boiler and water tank are continuing This loco
has been donation funded so far.
Works on the Exhibition Hall continued, with the construction of the annex flooring
and the levelling of the rolling stock area completed alongside construction of the
track for the non-connected road. Tree planting also took pla￿ along the
embankment.
The work to continue the renewal of our track assets also continued over the winter
period, with a moderate investment needed in new materials to ensure that these
efforts would be long lasting.
Over the year in focus, the Museum along with many other voluntarily run and
administered organisations reviewed their Post Covid financial status. The
continued hard work of our'in-house, marketing and events teams have certainly
helped to reduce the costs of payroll expenditure.
The year has seen a more normal events program, with Days out with Thomas still
providing the biggest revenue stream, however the other events have seen
extremely healthy returns with a focus on keeping costs lost, whilst taking
advantage of an apparent increase in the domestic leisure and holiday market. Poor
weather at Christmas with frozen conditions did unfortunately resutt in the
cancellation of some running days on safety grounds.
Other costs, particularly coal and utilities have seen a substantial increase, primarily
due to external factors, but so far these have been accommodated within our
current revenues.
The hire of Thomas lookalike locomotive No.54 to both Utrecht and the Mid Hants
railway has generated some useful income.
Review of Activities and Achievements
The works continuing on the Exhibition Hall the represents the most significant
visual 'on site, changes for many years. In the background, the planning application
for the construction of the replacement for the BDJ Heritage Centre was approved
in March 2023. Much other work continues in many quarters - not only on this - and
is the subject of other individual reports and articles written elsewhere.

EAST ANGLIAN RAILWAY MUSEUM
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Our in-house marketing team has seen a stream of low cost advertising developed
and supported with regular press releases, which has been reflected in our visitor
numbers.
To fulfil our educational objectives, there continues to be strong interest in school
visits, together with visits by parties of members from other organisations, with
several outreach talks being held, apart from the general education and
enlightenment of the public during our various operating and non-operating days,
when volunteers converse with the public to explain the historic role of railways
within the social fabric of society- Special thanks are due from the Trustees for all
those involved in this aspect of the Museum to support our key education objective.
Our workshop staff and volunteers have continued to turn out excellent vehicle
restoration projects over the course of the year, uplifting the condition of our
collection overall something that will only improve the visitor experien￿.
May 2023 also saw a visit from our regulator, the Office of Rail and Road, principally
concerned with a review of our competency management as well as a general site
walkaround. We received an encouraging report following the visit.
Membership and Museum Visitor Attendance
One of the problems shared by the Museum and other similar organisations is that
of getting new members, particularly from the younger age groups. Active
volunteering numbers have been healthy over the year, with growing numbers of
mid-week volunteers not only giving us the use of their skills but enjoying the social
aspects of their volunteer work.
Visitor attendance during the year in question has been encouraging with our
running days well patronised. Days out with Thomas have been a major source of
income for the Museum, as have the Beer Festivals run in conjunction with CAMRA.
The September Beer Festival has continued to be a reduced and more manageable
cost-conscious event since 2019, focusing on quality rather than quantity, and given
its success this will continue going fomard.
Public Benefit
As noted in the objectives and organisational structure section of the report, the
Charitable purpose of the Museum is twofold.. firstly, the advancement of education
in relation to railways and secondly the advancement of heritage regarding items of
railway interest and social history.
We continue to open the Museum to all members of the public for 3 days a week
including some bank holidays providing education in social history of the region and
the development of railways and their technological advancements Sin￿ the

EAST ANGLIAN RAILWAY MUSEUM
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Victorian age of their In￿Ption. We maintain and improve the heritage buildings
and exhibits that form both the setting and the means to display the history of the
location and means of travel over that time.
The achievements of these objectives by the Museum are also detailed in the
review of activities and achievements and review of the financial position sections
of this report so the Trustees believe they have complied with the duty in Section 4
of the Charities Act 2006 to have due regard to the public benefit guidance
published by the Charities Commission.
Investment and Reserves Policy
The Trustees have resolved to establish reserves to provide for future activities and
they have wide powers of investment through its shareholding in the Trading
Company and bank deposits. At the year-end we had maintained a healthy level of
cash reseNes enabling our investment programme with the build of the new
Exhibition Hall and future intentions to replace the Heritage Centre.
Risk Management
This continues to be a major concern of the Trustees and all non-charitable
activities are run through the Trading Company whose directors are appointed with
approval from the Trustees via the AGM. The Trustees identify the major risks to
which the Museum is exposed each financial year when updating the strategic plan,
in particular those related to the operation of the Museum and its finances.
We believe that through the updating of policies and procedures, and their
implementation we are meeting our legislative and regulatory responsibilities.
Future sustainability is a key aspect of our long-term development plan to ensure
the ongoing viability of the Museum, its collection and display.
Long Temi Proposals
The Trustees are tasked with supporting the approved plans for the new Heritage
Centre, and other improvements on site, including our existing Restoration Shed
and main station buildings. With a substantial workload, additional support is
needed on the Board of Trustees. Some of these requirements may be met from
grant aid, but others from revenue income for which effort is required to ensure the
running of suc￿Ssful money earning events.
Legal status
The Museum is an incorporated Charity governed by Memorandum and Articles,
and there are no restrictions in the governing documents on the operation of the
charity or on its investment powers, other than those imposed by general Charity
law.

EAST ANGLIAN RAILWAY MUSEUM
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Trustees. re8pon8ibilities for the financial statements
The Charity's Trustees are responsible for preparing financial statements for each
financial year that give a true and fair view of the Charitable Company's incoming
resources and application of resources during the year and of its state of affairs at
the end of the year. In preparing those financial statements, the Trustees are
required to..
Select suitable accounting policies and then apply them consistently.
Observe the methods and principles in the Charities SORP.
Make judgments and estimates that are reasonable and prudent.
State whether applicable accounting standards and statements of
recommended practice have been followed, subject to any material
departures disclosed and explained in the financial statements.
Prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose
with reasonable accuracy at any time the financial position of the Charity and
enable them to ensure that the financial statements comply with the Companies Act
2006 and Statement of Recommended Practice.. Accounting and Reporting by
Charities. They are also responsible for safeguarding the assets of the Charity and
hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
Serious Incidents
There were no serious incidents which needed to be brought to the attention of the
Charity Commissioners.
Approved by the Trustees and signed on their behalf by
M D Cornell
Trustee
Date= 28th March 2025

EAST ANGLIAN RAILWAY MUSEUM
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
I report on the accounts of East Anglian Railway Museum for the year ended 30
September 2023 which are set out on pages 8 to 21.
Respective responsibilities of trustees and examiner
The Charity's Trustees are responsible for the preparation of the accounts. The Charity's
Trustees consider that an audit is not required for this year (under section 144 (2) of the
Charities Act 2011 ffhe Act) but that an independent examination is needed. The charities
gross income ex￿eded £250,000 and l am qualified to undertake the examination by
being a qualified member of Association of Accounting Technicians.
It is my responsibility to..
Examine the accounts under section 145 of the Charities Act,
To follow the procedures laid down in the General Directions given by the Charity
Commissioners (under se￿10n 145(5)(b) of the Charities Act, and
To state whether particular matters have come to my attention.
Basis of independent examiner's Statement
My examination was carried out in accordance with the General Directions given by the
Charity Commissioners. An examination includes a review of the accounting records kept
by the Charity and a comparison of the accounts presented with those records. It also
includes considerations of any unusual items or disclosures in the accounts, and seeking
explanations from you as trustees concerning any such matters. The procedures
undertaken do not provide all the eviden￿ that would be required in an audit and
consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In the course of my examination, no material matters have come to my attention which
gives me cause to believe that in, any material respect..
the accounting records were not kept in accordance with section 130 of the
Charities Act., or
the accounts did not accord with the accounting records., or
the accounts did not comply with the applicable requirements concerning the
form and content of the accounts set out in the Charities (Accounts and
Reports) Regulations 2008 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.
I 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.
David Courtier FMAAT AATQB for and on behalf of:
Community360
Winsley's House, High Street, Colchester, Essex
Date 2 8 N k 20L(fr
rc

EAST ANGLIAN RAILWAY MUSEUM
STATEMENT OF FINANCIAL ACTIVITIES
(INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Unrestri¢ted Restricted Destgnated
2023
2023
2023
Total
2023
Total
2022
Notes
Incoming resources
Donations & legacies
Other Irading income
Incoming resources
from Charilable aclivities
30,057
6,345
30,057
6,346
9,235
1,305
295,744
295.744
310,987
Total Incoming resources
332,146
332.146
321,527
Resources expended
Costs of raising funds
Charitable activities
14,659
122,173
136,832
14.669
122,172
136,831
49.798
245,550
295,348
Total resources expended
Net rnovement in funds
for the year
195,314
195,314
26,178
Revaluation
475,571
Balances brought fonvard
at 1 October 2022
1,736,762
49.436
535,567
2.321.766
1,820,017
Balances carried forward
at 30 September 2023
1,932,076
49,436
536,567
2.517.080
2,321,766
Contlnulng operations
All incoming resources and resources expended derive from continuing activities
Notés on pages 11 21 form part of these financial statements

EAST ANGLIAN RAILWAY MUSEUM
BALANCE SHEET
AS AT 30 SEPTEMBER 2023
Notes
2023
2023
2022
2022
Fixed assets
Tangible asset
Heritage assets
Inalienable and historic assels
Investments
305,601
737,189
316,775
530.880
10
11
12
890,596
1,933,386
890,596
1,738,251
Current assets
Debtors
Cash at bank and in hand
12
441,271
206,558
647,829
417,401
204,421
621,822
Creditors: amounts falling due
wlthin one year
Net Current assets
14
64,136
38.307
583,693
2,517,079
583,515
2.321,766
Total assets less current1Sabllltles
Net assets
2.517.079
2,321,766
Funds
15
Unrestricted reserves
Restricted reserves
Prior Revenue reserve
Property & Assets Revaluation reserve
Goodwill reserve
957,362
49,436
535,567
807,005
167,709
2,517.079
762,048
49,436
535,567
807,005
167,709
2,321,766

EAST ANGLIAN RAILWAY MUSEUM
BALANCE SHEET
AS AT 30 SEPTEMBER 2023
For the year ending 30 September 2023 the Company was entitled to exemption from audit
under section 477 of the Companies Act 2006 relating to small Companies.
Truslee's responsibilities..
The Trustees have not required the Company to obtain an audit of its financial
statements for the year in question in accordance with section 476.,
The Trustees acknowledge their responsibilities for complying with the requirements
of the Act with respect to accounting records and the preparation of financial
statements.
Approved by the Board of Trustees on 24th March 2025. and signed on its behalf by
M D Cornell
Trustee
Company Number: 02546486
Date.. 28th March 2025
10

EAST ANGLIAN RAILWAY MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
1. Accounting policies
Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Statemenl on Recommended Practise applicable to charities preparing their account$ in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 (effective 1 January 20191- (Charities SORP {FRS 102}l. the Financial Reporting
standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
ststement of cash flows
The financial statements do not include a cash flow statement because the charity, as a small reporting
entity, is exempt from the requirement to prepare such a slalement under Financial Reporting
Standard 1 "Cash flow statements".
Legal status
The Charity is a Company Limited by Guarantee, each member having undertaken to contribute such
amounts not exceeding one pound as may be required in the event of the Company being wound up
whilst he or she is still a member or within one year thereafter.
Restricted and designated funds
Funds restricted by the donor are treated as restricted funds. All other receipts are unrestricted funds
however the Charity has designated part of these funds for specific purposes. The aim and use
of each designated fund is detailed in the notes to the financial statements.
General funds are unreslricled funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Incoming resour¢es
All incoming resources a￿ included in the statement of financial activities when the Charity is legally
entitled to the income and the amount can be quantified wrth reasonable accuracy. For legacies,
entitlement is the earlier of the Charity being notified of an impending distribution or the legacy being
received.
Income is deferred onty when the Charity has lo fulfil conditions before becoming enlrtled to it or where
the donor has specified that the income is to be expended in a future period.
Gifts in kind donated are included at valuation and recognised as income when they are distributed
to Ihe projects. Gifts donated for resale are included as income when they are sold.
Donated facilities are included at the value to the Charity where this can be quantified and a third paty
is bearing Ihe cosl.
No amounts are included in the financial statements for services donated by volunteers.
11

EAST ANGLIAN RAILWAY MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
1. Accounting policies {continued}
Incoming resources {continuedl
Grants from Ihe Government and other agencies have been included as income from activities in
furtherance of the Charity's objects where these amount to a contract for services, but as donations
where the money is given in response to an appeal or with greater freedom of use, for example,
Government block grants.
Resources expended
All expenditure is accounted for on an accTuals basis and is recognised when there is a legal or
conslnjclive obligation lo pay. Expenditure has been classified under headings that aggregale all costs
related to the category. Where costs cannot be directly attributed to particular headings they have been
allocated to activities on 8 basis consistent with the use of the resources.
The cost of activities in furtherance of the Charity's objectives represent the cost of goods and seNices
and ancillary trading costs that have been incurred in the Charitable activities. These also include
costs directly incurred in support of Ihe objects of the Museum.
Costs of generating funds inclLsde running fundraising and Museum events.
Governance costs are those incurred in connection with the compliance of the Charity with constitutional
and statutory requirements.
Inalienable assets
The Museum acquires and maintains artefacls in furtherance of its aims of preserving items of
historical interest connected with the railways. The artefacts are capitalised at cost. The Lsseful life
of the asset is considered to be $0 long that any depreciation charge would be immaterial, therefore no
depreciation is charged on these 8sset$.
Tangible fixed assets and depre¢iation
Tangible fixed assets costing more than £250 are capitalised, including any incidental expenses of
acquisition.
Deprecialion is provided at the following annual rates in order to write off each asset over ils
estimated useful life..
Freehold buildings
Plant and machinery
Fixtures and fittings
Locomotive restoration
Vehicles
2°k straight line
10°/o Straight line
15°/o Straight line
7 years straight line
150/0 straight line
No depreciation is provided in respect of inalienable and historic assets.
12

EAST ANGLIAN RAILWAY MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
1. Accounting policios l¢ontinuod)
Investments
The Museum holds controlling interests in subsidiary Companies, which undertake other activities
at the same localion.
Taxatlon
The Museum is a Charity within the meaning of section 506{1) of the Taxes Act 1988. Accordingly the
Charity is potentially exempt from taxation in respect of income or capital gains received wthin
categories covered by Section 505 of Ihe Taxes Act 1988 or Section 256 of the taxation of Chargeable
Gains Act 1992 lo Ihe extent that such income or gains are applied to exclusively Charitable purposes.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equty instruments. An equity instrument is
any contract that evidences a residual interest in the assets of the Company after deducting all of its
Consolidation
In the opinion of the Directors, the Charitable Company and its subsidiary undertakings comprise a
small group. The Charitable Company has therefore taken advantage of the exemption provided by
Section 398 of the Companie$ Act 2006 not to prepare group accounts.
2. Windlng up or dissolution of the Charity
If upon winding up or dissolution of the Charity there remain any assets, after the satisfaction of all
debts and liabililies, the assets represented by the accumulated fund shall be transferred lo some
olher Charitable body or bodies having similar objects to the Charrty.
3. Donatlons and legacies
Unrestricted
Restrictsd
2023
2022
Other donations
Legacies
Gifts in Kind
21,974
8,083
21,974
8,083
4,985
250
4,000
9.235
30,057
30,057
13

EAST ANGLIAN RAILWAY MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
4. Other trading it)come
Unre$tri¢tsd
Restricted
2023
2022
Museum events
6.345
6.345
1,305
East Anglian Railway Museum runs beer festival evenls Ihroughout the year. These evenls are run
with CAMRA, who take a percentage of the profil made. Therefore as this is a joint event and not all
the income and expenditure are related to East Anglian Railway Museum, just the monies made on
these evenls are included in these accounts.
5. Incoming resourcos from ¢haritable activities
Unrestricted
Restricted
2023
2022
Museum membership
Museum admissions
Gift aid tax refunds
Other income
Grants
Bank interest receivable
Sale of assets
422
275,520
3,643
13,537
500
122
2,000
295,744
422
275,520
3,643
13,537
500
122
2,000
295,744
2,729
295,871
5,847
1,718
4.814
310.987
6. Ci)sts of raising funds
Unrestricted
Restricted
2023
2022
Museum events expenditure
14,659
14.659
49,798
14

EAST ANGLIAN RAILWAY MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
7. Charitable activities
Unrestricted
Restrict
2023
2022
Museum admissions
122,173
122.173
122,173
122,173
245,551
245,551
Charitable aclivty expenditure can be further analysed as follows=
Unrestricted
Restricted
2023
2022
Cost of goods or services as
a Charitable activity
Wages and national insurance
Publicity
Bank charges
Sundry expenses
Insurance
Depreciation
4,987
4,987
135,327
79,192
2,208
296
4.648
19,488
11,354
79,192
2,208
296
4,648
19,488
11,354
72,211
1,324
404
6,995
17,936
11,354
122,173
122,173
245,551
8. Staff costs
Unrestricted
Resthctsd
2023
2022
Gross salaries
Social security costs
Pension costs
74,871
3,265
1,056
79,192
74,871
3,265
1,056
79.192
69,841
1,659
711
Total staff costs
72.211
2023
2022
The actual number of employees during Ihe year was made
up as follows..
Charitable activities
Key management personnol
There are no management staff employed with East Anglian Railway Museum.
No member of staff received more Ihan £60,000 per annum.
Is

EAST ANGLIAN RAILWAY MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
9. Tangible fixed assets
Freehold
land and
buildings
Other
tangible
assets
Motor
Vehicles
Total
Cost or valuatlon
At 1 October 2022
Additions
Disposal
Revaluation
494,322
73,020
567,342
At 30 September 2023
494.322
73,020
567,342
Depreciation
At 1 October 2022
Charge for the year
Revaluation
Disposal
At 30 Septsmber 2023
190,231
9,318
60,336
1,856
250,567
11,174
199.549
62,192
261,741
Net book values
At 30 September 2023
294,773
10,828
305,601
At 30 September 2022
304,091
12,684
316,775
As land and buildings are not separately identifiable. land has been depreciated al a rate of 20/0 Straight
line.
A freehold propety was valued for insurance purposes in May 1999 by John V Story & Co. a firm of
independent Chartered SUNeyors. The adjuslment was made and is refle￿ed in the revaluation reserve.
The Charity revalued the freehold propety in order to take advantage of Ihe new SORP 2015 rules
coming into force, Iherefore does nol revalue annually. The freehold property was £340,904 at the
end of the year before valuation. It was revalued by Stanfords at £360,000 in tolal. The revaluation
reseNe has been amended as appropriate.
16

EAST ANGLIAN RAILWAY MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
10. Heritage assets
Horltage
Assets
Total
Cost or valuation
At 1 October 2022
Additions
Revaluation
530,880
206,309
530,880
206,309
At 30 September 2023
737.189
737,189
Depreciation
At 1 October 2022
Charge for the year
Disposal
At 30 September 2023
Net book values
At 30 September 2023
737,189
737,189
At 30 September 2022
530.880
530,880
11. Inalienable and historic assets
2023
2022
Rolling stock
12. FIX￿ asset investments
2023
2022
Unlisted investments
Cost al 1 October 2022
Addrtions
890,596
890.596
Cost at 30 September 2023
890,596
890,596
Unlisted investments comprise-.
2023
2022
East Anglian Raitway Museum {Tradingl Limited
Easlern Counties Rai￿aY Company Limited
886,597
3,999
890.596
886,597
3,999
890,596
17

EAST ANGLIAN RAILWAY MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
13. Fixed asset investments Icontinuedl
The charty's investments at the balance sheet date in the share capital of companies include the
following..
East Anglian Rallway Museum {Tradlngl Llmlted
County of incorporation..
England and Wales
Nature of business..
Operating Ihe Irading aspecls of Ihe Easl Anglian
Rai￿aY Museum
Class of shares:
Ordinary
Holding
95
2023
2022
Aggregate capilal and reserve5
Gain for Ihe year
Turnover
990,945
1148,951 }
41,385
990,945
{81,1941
52,239
Eastern Countles Rallway Company Llmlted
County of incorpor8tion'.
England and Wales
Nature of business..
Development of land at Railway Station
Class of share8:
Ordinary
Holding
98
2023
2022
Aggregate capital and reserves
{Loss} for the year
3.204
3.204
14. Debtors
2023
2022
Amounts due from associated or subsidiary undertakings
Prepayments
other debtors
422,032
15,413
3,826
441.271
384,207
15,413
17,781
417.401
14. Creditors: amounts falling due within one year
2023
2022
Other creditors
PAYE and national insurance
Inlercompany loans
51.088
9,844
3,204
64,136
32,807
2,296
3,204
38,307
18

EAST ANGLIAN RAILWAY MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
15. Unrestricted funds
Movement in funds
Balance
at
30.09.22
Transfer
between
funds
Balan¢0
at
30.09.23
Incoming
resources
Expenditure
Unrestricted funds
Restricted funds
762,048
49,436
332,146
{136,8321
957,362
49,436
Property Revaluation
Resetve
Prior revenues invesled
Goodwill ReseNe
807,005
807.005
535,567
167,709
2,321,766
535,567
167,709
2,517.079
332.146
{136,8321
The Charity views the revenue reserve as a general unrestricted fund, which represents
funds expended at its, discretion. These funds have been used to finance working capital
and capital investment.
Restricled funds are by definition only permrtted to be used for the purposes specified in their
generation or donation. £115.000 was a legacy specifically for the purpose of restoring the N7
locomotive to running order.
16. Analysls of net funds
Unrestricted
Restricted
2023
2022
Fixed assets
Current assets (exc cashl
Cash at bank and in hand
Current liabilities
Long term debtors
Not assets
1,888,505
441,271
202,003
164,1361
44,881
1,933,386
441,271
206,558
{64,136}
1.738,251
417,401
204,421
138,3071
4,555
2.467.643
49,436
2.517.079
2.321.766
19

EAST ANGLIAN RAILWAY MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
17. Related parties
At 30 September 2023 the Museum held the following inter company balances with rts
subsidiaries. Debtor balances of £384,207 {2022'. £384,207) with East Anglian
Railway Museum (Trading) Limited and creditor balances £3,20412022'. £3,204) with Eastern
Counties Railway Company Limited.
Dunng the year the Museum paid rent of £Nil to East Anglian Railway Museum
ITrading} Limited, {2022.' £160,0001-
No remuneration has been paid to Truslees during the year.
Expenses have been reimbursed to Trustees of a total of £Nil12022.. £Nill
18. Consolidated accounts
Consolidated accounts have not been prepared as they are not considered necessary in
order to show a true and fair view for Ihe group as a whole, due to the small syze of the
subsidiaries.
20

EAST ANGLIAN RAILWAY MUSEUM
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
19. Comparative note for previous years statement of financial activities
Unrestricted
2022
Restricted Designated
2022
2022
Total
2022
Incoming resources
Incoming resources from
generating funds..
Voluntary income
Income for generating funds
Incoming resources
from Charitable activities
Total incomong resources
9,235
1,305
9,235
1.305
306,173
4,814
310,987
316,713
4,814
321.527
Resources expended
Costs of generating funds
Charitable activities
Total resources expended
49,798
124,524
174,322
49,798
245,550
295,348
121,027
121,027
Net movement in funds
for the year
142,391
(116,213)
26,179
Revaluatlon
475,571
475,571
Balances brought forward
at l October 2021
1,118,800
165,649
535,567
1,820,016
Balances carried forward
at 30 September 2022
1,736,762
49,436
535,567
2,321,766