2023-03-31-accounts

		Page
Legal and Administrative	Information
Trustees' Annual Report		2-12
Independent Fxaminer's	Report	13
Statement of Financial Activities		14
Balance Sheet		15
Statement ofCash Flows
Notes to the Financial Statements		17-27

				Unrestricted	Restricted	Total	Total
			Notes	funds E	funds	2023f	2022 E
Income and endowments	from:
Donations and legacies				465,910		465,910	27,858
Charitable activities				91,092		91,092	60,553
Other trading activities				23,318		23,318	37,570
Investments				2,318		2,318	10
Total income and endowments				582,638		582,638	125,991
Expenditure on:
Raising funds				41,611		41,611	38,483
Charitable activities				103,630		103,630	83,779
Total expenditure				145,241		145,241	122,262
Net income i (expenditure)		and
net movement in funds for		the year	9	437,397		437,397	3,729
Reconciliation offunds:
Total funds brought forward				234,358		234,358	230,629
Total funds carried forward				671,755		671,755	234,358

					Total	Total
				Notes	2023f	2022 F
Fixed assets:
Tangible assets				14	105,835	114,625
			Total fixed assets		105,835	114,625
Current assets:
Stocks				15	16,880	15,270
Debtors				16	1,933
Cash at bank and in		hand			551,139	108,048
			Total current assets		569,952	123,318
Liabilities:
Creditors: amounts		falling	due within one year	17	(4,032)	(3,585)
Net current assets					565,920	119,733
			Total net assets		671,755	234„358
The funds	ofthe charity:
Restricted	funds			18
Unrestricted	funds			18	671,755	234,358
			Total charity funds		671,755	234,358

			Notes	2023	2022
				6	6
Cash flows from operating	activities
Cash generated from/(absorbed by) operations			21	441,072	12,107
Interest paid
Net cash infiows/(outflows)	from operating	activities		441,072	12,107
Cash flows from investing	activities
Payments to acquire tangible	fixed assets			(549)	(266)
Proceeds from disposal of tangible fixed assets				250
Interest received				2,318	10
Net cash generated from/(used in)investing		activities		2,019	(256)
Cash flows from financing	activities
Repayment of loans
Net cash generated from/(used in) financing		activities
Net increase/(decrease) in	cash and cash equivalents			443,091	11,851
Cash and cash equivalents	at beginning ofyear			108,048	96,197
Cash and cash equivalents	at end ofyear			551,139	108,048
Cash and cash equivalents	consists of:
Cash at bank and in hand				551,139	108,048
Bank overdrafls
Cash and cash equivalents	at end ofyear			551,139	108,048

tangible fixed assets over their es	timated useful economic	lives a	s foll
Property improvements	2'k per annum	straight	line
Railway line	4'/o per annum	straight	line
Miniature railway	15'%%d per annum	straight	line
Locomotives	2'/0 per annum	straight	line
Locomotive improvements	10'/0 per annum	straight	line
Plant and equipment	15'/0 per annum	straight	line

		Total	Total
		2023f	2022 F
Donations	from individuals	1,961	11,858
Corporate	donors	463,949
Grants			16,000
		465,910	27,858

				Total	Total
				2023	2022
					f.
Fundraising	events	and ancillary	income	10,918	8,970
Letting and	licensing	arrangements		12,400	28,600
				23,318	37,570

5	Income from	Income from	investments	investments
													Total	Total
													2023	2022
													E	E
	Bank interest		receivable										2,318	10
	Income from	investments			was all attributable			to	unrestricted	funds		in	both years.
6	Expenditure		on raising funds
													Total	Total
													2023f	2022
	Fundraising	costs		and ancillary			expenditure						41,611	38,483
	Expenditure	on raising funds was all attributable							to unrestricted		funds		in both years.
7	Expenditure		on charitable			activities
													Total	Total
									Notes				2023	2022
														E
	Maintenance		and	exhibition		costs							36,797	28,341
	Cleaning												1,805	397
	Charity promotion			costs									2,209	1,605
	Utilities and	insurance											13,884	8,634
	Haulage													2,220
	Printing, postage			and stationery									2,450	3,506
	Telephone												1,542	1,906
	Bank charges												2,085	1,776
	Sundry expenses												7,196	3,686
	Depreciation												9,339	9,632
	(Profit)/loss	on disposal ofassets											(250)
	Support costs												26,573	22,076
													103,630	83,779

8	Support costs	Support costs
						Notes	2023	2022
							8
	Travelling expenses						1,686	2,736
	Trustees' expenses					12	79
	Training						360
	Staff costs					13	17,741	13,612
	Payroll services						966	560
	Accountancy					10	4,715	3,317
	Professional	fees						1,350
	Consultancy	fees					800
	Information	technology					226	501
							26,573	22,076
9	Net income/(expenditure)			for	the	year
							2023	2022
							E'	k
	Net income/(expenditure)		is	stated		after charging/(crediting):
	Depreciation	of owned tangible			fixed assets		9,339	9,632
	Profit on disposal oftangible			fixed		assets	(250)
10	Independent	examiner's	remuneration
							2023	2022
								8
	Independent	examination	fee				1,140	1,140
	Other fees paid to the independent					examiner	3,575	2,177
							4,715	3,317

Out ofpock	et exp	enses were r	eimbursed to tru	stees as follows:
				2023	2023	2022	2022
				Number		Number	F
Fundraising	costs	and ancillary	expenditure		1,159		50
Maintenance	and	exhibition costs			4,673		3,801
Cleaning					168		84
Sundry expenses					1,240		879
Trustees' expenses —travel					79
Information	technology				19		288
Total expenditure		reimbursed		5	7,338	4	5,102

Transactions with other related	parties are outlined below;
Related party	Transaction	2023	2022
		F
The Exeter West Group	Utilities and insurance		480
Total expenditure			480

Staff c	osts
		2023 8	2022f
Wages	and salaries	17,741	13,612
Social	security costs
		17,741	13,612

14	Tangible fixed assets
							Property		Plant and
							improvements		machinery		Total
								6		6	F
	Cost
	At 1 April 2022							113,466	175,311		288,777
	Additions									549	549
	Disposais									(250)	(250)
	At 31 March 2023							113,466	175,610		289,076
	Depreciation
	At 1 April 2022							64,288	109,864		174,152
	Charge for the year							2,269		7,070	9,339
	Eliminated on disposals									(250)	(250)
	At 31 March 2023							66,557		116,684	183,241
	Net book value
	At 31 March 2023							46,909		58,926	105,835
	At 31 March 2022							49,178		65,447	114,625
15	Stocks
							Charitable		Other trading		Stock held
							activities F		activities F		for resale f
	Cost or valuation
	At 1 April 2022							320		14,950	15,270
	Added in year							6,461		42,776	49,237
	Expensed in year							(6,016)		(41,611)	(47,627)
	Impaired in year
	At 31 March 2023							765		16,115	16,880
	Recognised in expenses	during	the	year	are	stock	amounts	of F47,627		(2022: F40,642) with
	impairment ofstock ofFnil	(2022:	Enil).
16	Debtors
										2023	2022
	Prepayments and accrued	income								1,933

2023	2022
1,933

17	Creditors: amounts		falling due within one year	falling due within one year
						2023	2022
						8	6
	Accruals and deferred		income			4,032	3,585
18	Funds reconciliation
				Balance at	Incoming	Resources	Balance at
				1 April	resources	expended	31 March
				2022			2023
				F	F	F	6
	Restricted funds
	Specific reserves
	Total restricted funds
	Unrestricted funds
	Designated reserves
	General reserves			234,358	582,638	(145,241)	671,755
	Total unrestricted	funds		234,358	582,638	(145,241)	671,755
	Total funds			234,358	582,638	(145,241)	671,755

Analysis ofnet a	ssets between funds
		Unrestricted	Designated	Restricted	Total
		funds	funds	funds	funds
		6	6	6	F
Tangible fixed assets		105,835			105,835
Cash at bank and	in hand	551,139			551,139
Other net current	assets/(liabilities)	14,781			14,781
Total net assets		671,755			671,755

21	Reconciliation ofne	t	In	com	e/(exp	enditu	re) to net	cash flow	s from operati	ng activities
										2023f	2022 5
	Net income/(expenditure)			for	the year					437,397	3,729
	Adjustments for:
	Interest receivable									(2,318)	(10)
	Interest payable
	Depreciation and impairment				oftangible		fixed assets			9,339	9,632
	(Profit)/loss on disposal		oftangible			fixed	assets			(250)
	Movements in working			capital:
	(Increase)/decrease	in	stock							(1,610)	(1,395)
	(Increase)/decrease	in	debtors							(1,933)
	Increase/(decrease)	in	creditors							447	151
	Cash generated from/(absorbed					by) operations				441,072	12,107
22	Analysis ofchanges		in	net	funds
								1 April	Cash	Other	31 March
								2022 F	flows E	changes f	2023
	Cash at bank and in	hand						108,048	443,091		551,139
	Obligations under finance			agreements
								108,048	443,091		551,139