## ## ## ## |||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|