Charlty registration number 1016237 (England and Wales
Company registratlon number 02644128
CHINNORAND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

CHINNORAND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
J M Goodman
S J Growcott
SLHart
J Henderson
P C Maynard
C S Ogilvie
J J Satchell
K Soughton
J P Townsend
D bvoodward
(Appointed 7 August 2024)
(Appointed 23 April 2024)
(Appointed 7 August 2024)
Secretary
RDIX
(Appointed 30 April 2024)
Charity number
1016237
Company number
02644128
Reglstsred office
Chinnor Station
Station Approach
Station Road
Chinnor
Oxfordshire
OX39 4ER
Independent examiner
Richardsons
30 Upper High Street
Thame
Oxfordshire
OX9 3EZ

CHINNOR AND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
CONTENTS
Page
Trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
7-19

CHINNORAND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's memorandum and articles of association, the Companies Act
2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK aryj Republic
of Ireland (FRS 102). (as amended for accounting periods commencing from 1 January 2016)
The Chinnor and Princes Risborough Railway Association (CPRRA) is a registered charity and company limited
by guarantee, governed by a board of directors who also serwe as trustees. The board oversees the charity's
governance and strategic direction. Members can be elected at the AGM or appointed by the board (with later
confirmation at the AGM). One-third of the board must stand for re-election each year, prioritising those longest in
service.
The trustees also serve as directors of the CPRRA'S wholly owned commercial subsidiary, the ChinncK & Princes
Risborough Railway Company Limited. Together, these entities operate as the Chinnor & Princes Risborough
Railway (CPRR).
The board hereby presents its annual report and the financial statements for the year ending 31 December 2024.
Objectives and actlvltles
The charity's purpose is to preserve, restore, and operate steam and other raitway equipment-especially from
the former Great Western Railway for public enjoyment and education. Its main activities include preserving a
section of the old Princes Risborough to Watlington branch line, restoring related locomotives and equipment,
and raising funds to support this work.
The Association owns most railway assets, while its trading subsidiary, the Company, owns consumaljes and
manages retail operations. The Company also operates the trains under legal orders held by the Assoaation,
maintaining assets as instructed.
Trustees meet regularly to oversee the charity's operations, with specific directors responsible for both charity
and Company activities.
The railway infrastructure-particularly the track and bridges-is Vital to the Chinnor & Princes Risborough
Railway's operation. Following 8 2022 inspection by the Office of Rail and Road (ORR), weight and speed
restrictions {5mph) were imposed on West Lane and Perry Lane bridges. These restrictions still apply, limiting the
use of some heavy equipment and locomotives.
Initial assessments for West Lane proposed costly solutions based on Network Rail standards, which were
unaffordable. Further assessments identified necessary repairs, including replacing cross girders. Work is
scheduled for completion before the 2025 season, with CPRR volunteers assisting. Both bridges are being
monitored for movement in their abutments.
Improvements were also made to Wainhill Level Crossing, with new rubber panels and relaid track, despite
delays in securing pemissions. Additionally, redundant track from Ne￿ork Rail has enabled progress on the
Chinnor Independent Line, improving access to Princes Risborough. Work includes reconfiguring track at Thame
Junction and installing new signalling.
Ongoing infrastructure maintenanctr-track, signalling, and fencing-is carried out by skilled volunteer teams.

CHINNORAND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Preservatlon, Restoratlon & Hire
Preservation and restoration-especially of railway vehicles-remain central and ongoing activities for the
railway, despite limited volunteer staffing in the Engineering and Carriage & Wagon Departments. Heritage
equipment requires frequent maintenance and, in some cases, full restoration due to its age.
In 2024, the railway operated with a loaned Class 03 shunter, as two of its own diesel shunters w￿e under
repair. Work on one (Haversham) is pending contractor estimates, while parts are being sourced for the other
(Iris). The Class 31 locomotive remains with a repairer and is expected back in summer 2025, with some
volunteer work still needed to return it to service.
Locomotive hires, managed by the commercial company, help meet the charity's goals. In 2024, a visually
striking but resource-heavy steam locomotive was hired from the Dart Valley Railway, and a smaller engine was
hired for the Sants season from the South Devon Railway.
other preservation efforts included maintaining signal boxes, relaying coping stones on Chinnor platform, and
refurbishing the Cambrian carriage into a museum and mess space. A 1940s model of Watlington and themed
displays enhanced public engagement with the railway's history.
Development of the Allotment Slte
After the 2024 AGM, in the general meeting, there was a presentation on a possible development of the fomier
allotment site, principally where the marquee has resided. The general principal for such a building was
welcomed by members and, subsequently, the Board approved applying for planning consent. In spite of
objections, South Oxfordshire District Council approved the application. Two things remain before the project
can get under way: agreement on the actual building and its appearance., raising sufficient funds.
Volunteerlng
As stated in previous years, rf we had more volunteers, we could either undertake more or provide a quicker turn
round, as appropriate to the activity. This particularly applies to the maintenance and restoration of rolling stock,
but also to the number of days we can operate. Effort is being made to attract more volunteers and part of this is
to appeal to a younger group, particularly through the Miniature Railway.
Minlature Railway
The miniature railway (MR) is still under the direct auspices of the Association. It is aimed at attracting the next
generation of volunteers to the main railvrfay. A Safeguarding Officer was appointed to ensure and advise on
safeguarding young volunteers.
Governance
Concern was raised prior to the 2024 AGM about some elements of governan￿. The Trustees decided that it
was time that there was a review of governance, as it may not be meeting modern expectation. The Association
Company Secretary announced at the AGM that he would undertake this review and has been consulting on this
throughout the remainder of 2024, with the aim to report back to members at the 2025 AGM.
Commercial Matters
As stated at the outset, this report also covers aspects which are the remit of the Company. This is the wholly
owned, and not for profit Company that trades on behalf of the Association, in accordance with the requirements
of the Charity Commission.
The first Steam Gala in the Company's history was held in September and proved highly successful, with two
visiting steam locomotives to supplement the resident locomotive for the year. In spite of a der8ilment on a
Ne￿Ork Rail track defect approaching Princes Risborough, volunteers worked with Network Rail to re&ore
Servi￿ rapidly, once permission had been granted from the regulatory and accident investigalion bodies.
The Company continued its agreement with Adventure001 to sell certain seNices on our trains, leading to many
trains being full to capacity. This has led to a significant increase in revenue. Direct revenue has remained
relatively stable and our Santa trains remain exiremely popular.

CHINNORAND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management
The charity is a company governed by its Memorandum and Articles of Association, and it is limited by
guarantee.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up
to the date of sionature of the financial statements w@re-
G C Compton
(Resigned 11 January 2024)
P J Dickson
(Appointed 23 April 2024 and resigned 17 October 2024)
J M Goodman
S J Growcott
SLHart
J Henderson
P C Maynard
C S Ogilvie
J J Satchell
K Soughton
J P Townsend
D INoodward
(Appointed 7 August 2024)
(Appointed 23 April 2024)
(Appointed 7 August 2024}
New Trustees are co-opted by the Board of Trustees. They are also appointed as Directors and as such ratified
by the members of the charity at the next AGM.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company
and guarantee to contribute £1 in the event of a winding up.
The charity is governed by the Directors, with the assistance of managers, volunteers, and members.
The charity has no paid employees. Everything is undertaken by approximately 300 volunteers (who are drawn
from the members). Some volunteers work two or three days every week. Some two days a year. Most
volunteers work in more than one area, with some using the skills from their day job, and others totally different
skills. Volunteers frequently comment on the extremely friendly Yamily. feel to the organisation.
Final note from the Chalmian
As always, it goes without saying that without our loyal volunteers the railway would not survive. Vle continue to
have challenges.. from unexpected events. through difficulty in liaising with some outside bodies., to a shoriage of
resources - both money and volunteers. I want to thank all our volunteers for their hard work and members for
their support.
The trustees. report was approved by the Board of Trustees.
J P Townsend
Trustee
Dated: 11

CHINNOR AND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CHINNOR AND PRINCES RISBOROUGH RAILWAY
ASSOCIATION LIMITED
I report to the trustees on my examination of the financial statements of Chinnor and Princes Risborough
Railway Association Limited (the charity) for the year ended 31 December 2024.
Responsibillties and basis of report
As the trustees of the charity (and also its directors for the purposes of company lawl, you are responsible for
the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16
of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination
of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my
examination I have followed the Directions given by the Charity Commission under section 145(5)(b) cf the
Charities Act 2011.
Independent examlnerfs statement
Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of ICAEW, which is one of the listed bodies.
Idve have completed our examination. I confirm that no matters have come to my attention in connection with
the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the Companies
Act 2006.
the financial statements do not accord with those records-, or
the financial statements do not comply with the accounting requirements of section 396 of the Companies
Act 2006 other than any requirement that the financial statements give a true and fair view, which is not
matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the
statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their financial statements in accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland {FRS 102).
I have no concerns and 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 financial statements to
be reached.
Jemima King
Richardsons
30 Upper High Street
Thame
Oxfordshire
OX9 3EZ

CHINNORAND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestrfcted Deslgnated Restrlcted
funds
funds
funds
Total
Total
2024
2024
2024
2024
2023
Notes
Donations and legacies
Charitable activities
Other trading activities
Investments
61,830
225,620
2,678
5,525
33,178
14,961
94,808
240,581
2,676
5,525
123,027
164,293
6,224
3,331
Total income
295,451
48,139
343,590
296,875
Raising funds
109
Charitable activities
205,216
9,178
47,760
262,152
231,423
Total resources expended
205,216
9.178
47,760
262,152
231,532
Net Incomlng resources before
transfers
90,235
(9,176)
379
81,438
65,343
Gross transfers be￿een fvnds
(108,000)
106,000
Net {expendlture)Ilncome for the yearl
Net movement In funds
(15,765)
96,824
379
81,438
85,343
Fund bal8nces 8t 1 January 2024
700,004
96,530
190,276
986,810
921,467
Fund balances at 31 December
2024
25
684,239
193,354
190,855
1,068,248
986,810
The ststement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expendrture account
under the CompaniesAct 2006.

CHINNORAND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Notes
Fixed assets
Tangible assets
Investments
14
15
454,936
488,604
454,939
488.607
Current assets
Stocks
Debtors
Cash at bank and in hand
16
17
912
223,621
440,718
2,878
177,078
377,882
665,251
557,838
Creditors: amounts falling due within
one year
20
(44,317)
(43,549)
Net current assets
620,934
514,289
Total assets less current liabilitles
1,075,873
1,002,896
Credltors: amounts falling due after
more than one year
21
(7,625)
(16,086)
Net assets
1,068,248
986.810
The funds of the charity
Designated funds
Restricted funds
Unrestricted funds
23
22
193,354
190,655
684,239
96,530
190,276
700,004
1,068,248
986,810
The company is entitled to the exemption from the audit requirement contsined in section 477 of the Companies Act
2006, for the year ended 31 December 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2008
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in
accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the trustees on ..x4[.w..l..ts.
J P Townsend
Trustee
Company registration number 02644128 (England and Wales)

CHINNORAND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles
Charity information
Chinnor and Princes Risborough Railway Association Limited is a private company limited by guarantee
incorporated in England and Wales. The registered office is Chinnor Station, Station Approach. Station Road,
Chinnor, Oxfordshire, OX39 4ER.
1.1 Accountlng convention
The financial statements have been prepared in accordance with the charity's memorandum and articles of
association,
the Companies Act 2006 and °Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)° (as amended for accounting
periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charty has taken advantage of the provisions in the SORP for charities applying FRS 102 UpdaÈ Bulletin
1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Golng concern
The trustees have a reasonable expectation that the charrty has adequate resources to continue in
operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis
of accounting in preparing the financial statements.
1.3 Char5table funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific
purposes.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used.
1.4 Income
Income is recognised when the charty is legally entitled to it after any performan￿ conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performan￿ conditions require deferral of the amount. Income tsx recoverable in
relation to donations received under Gift Aid or deeds of covenant is recognised upon receipt.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution.
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as
conts'ngent asset.

CHINNOR AND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policles
{Contlnued)
1.5 Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and
has been classified under headings that aggregate all cost related to the category. Where costs can not be
directly attributed to particular headings they have been allocated to activities on a basis consistent with the
use of resources.
1.6 Tangible flxed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impaimient losses.
Depreciation is recognised so as to vKite off the cost or valuation of assets less their residual values over their
useful lives on the following bases..
Freehold land and buildings
Leasehold land and buildings
Plant and equipment
20A 200/0 Straight Line basis on buildings only
No depreciation to date
200h Straight Line basis
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds
and the carrying value of the asset, and is recognised in net incomel(expenditure) for the year.
No depreciation is provided on leasehold land and buildings. It is the company's policy to maintan the land
and propety in such condition that the value as a whole is not impaired by the passage of time.
1.7 Flxed asset Inveslments
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expendtture) for the year. Transaction costs are expensed as incurred.
A subsidiary is an entty controlled by the charity. Control is the power to govern the financial and operating
policies of the entity so as to obtain benefits from its activities.
1.8 Impalrment of fixed assets
At each reporting end date, the charity reviews its tangible assets to determine whether there is any indication
that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of
the asset is estimated in order to determine the extent of the impairment loss (if any).
1.9 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks to their present location and condition. Items held for distribution at no or
nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be
incurred in marketing, selling and distribution.
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-tenn liquid
investments with original maturities of three months or less.

CHINNOR AND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles
(Contlnued)
1.11 Financial Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, vthen
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Baslc financlal assets
Basic financial assets, vthich indude debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Baslc flnan¢lal Ilabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilities dassified as payable
wrthin one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or ServI￿S that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequentty measured at amortised cost using the effective interest method.
Derecognltlon of flnanclal Ilabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.12 Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and
rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of
inception and the present value of the minimum lease payments. The related liability is included in the balance
sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest
elements. The interest is charged to net incomel{expenditure) for the year so as to produce a constant
periodic rate of interest on the remaining balance of the liability.

CHINNOR AND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Crltlcal accountlng estimates and Judgements
In the application of the charity's accounting policies, the trustees are required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects cnly that
period, or in the period of the revision and future periods where the revision affects both current and future
periods.
Income from donations and legacles
Unrestrlcted Restrlcted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Donations and gifts
Grants
Membership fees
Donated goods and
seprfices
48,023
33,178
81,201
77.358
28,106
4,630
105,464
4,630
12,733
13,507
13,507
12,733
100
100
200
200
61,630
33.178
94,808
90,291
32,736
123,027
Grants
Other
4,630
4,630
4,630
4,630
10-

CHINNOR AND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charltable actlvltles
2024
2023
Management Fee from Trading Company
other income
218,214
22,367
160,762
3,531
240,581
164,293
Analysis by fund
Unrestricted funds
Restricted funds
225,620
14,961
163,107
1,186
240,581
164,293
Income from other trading activities
Unrestrlcted Unrnstricted
funds
funds
2024
2023
Fundraising events
2,676
6,224
Income from Investments
Unrestricted Unrastricted
funds
funds
2024
2023
Interest receivable
5,525
3,331
Expendlture on raislng funds
Unrestricted Unrestricted
funds
funds
2024
2023
Fundraising and publicity
Advertising
109
11

CHINNOR AND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charitable actlvlties
2024
2023
Depreciation and impairment
Membership costs
Management administration
Direct charitsble expenditure
33,669
7,430
35,733
181,258
34,996
7,475
50,605
134,510
258,090
227,586
Share of governance costs (see note 9)
4,062
3,837
262,152
231,423
Anatysls by fund
Unrestricted funds
Designaled funds
Restricted funds
205,216
9,176
47,760
198,120
9,307
23,996
262,152
231,423
For the year ended 31 December 2023
Unrestricted funds
Designated funds
Restricted funds
198,120
9,307
23,996
231,423
Support costs
Support Governance
costs
costs
2024
2023
Independent Exam fee
Legal and professional
2,700
1,362
2,700
1,362
2,600
1,237
4,062
4,062
3,837
Analysed between
Charitable activities
4,062
4.062
3,837
Govemance costs includes payments to the Independent Examiner of £2,70012023 - £2,600) for independent
exam fees.
12-

CHINNORAND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
10 Net movement In funds
2024
2023
The net movement in funds is ststed after chargingl(crediting)-
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tsngible fixed assets
2,700
33,669
2,600
34,996
11 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the
charity during the year.
12 Employees
There were no paid employees during the year.
2024
Number
2023
Number
There were no employees whose annual remuneration was more than £60,000.
13 Taxatlon
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
13-

CHINNORAND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
14 Tangible flxed assets
Freehold land
and buildings
Leasghold
land and
buildlngs
Plant and
equlpment
Totsl
Cost
At 1 January 2024
352,735
148,100
427,443
928,278
At 31 December 2024
352,735
148,100
427,443
928,278
Depreclatlon and Impairment
At 1 January 2024
Depreciation charged in the year
71,911
11,636
367,762
22,033
439,673
33,669
At 31 December 2024
83,547
389,795
473,342
Carrylng amount
At 31 December 2024
269,188
148,100
37,648
454,936
At 31 December 2023
280,823
148,100
59,681
488,604
15 Flxed asset investments
Other
investments
Cost or valuatlon
At 1 January 2024 & 31 December 2024
Carrylng amount
At 31 December 2024
At 31 December 2023
2024
2023
Other investments comprise..
Notes
Investments in subsidiaries
28
16 Stocks
2024
2023
Raw materials and consumables
912
2,878
14-

CHINNOR AND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
17 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Amounts owed by fellow group undertakings
Prepayments and accrued income
2,815
218,012
2,794
1,803
160,612
14,663
223,621
177,078
18 Loans and overdrafts
2024
2023
Other loans
10,700
13,200
Payable wsthin one year
Payable after one year
7.500
3,200
6,300
6,900
19 Flnance lease obligations
Future minimum lease payments due under finance leases..
2024
2023
Within one year
Within two and five years
5,493
4,425
5,493
9,186
9,918
14,679
The fair value of the charity's lease obligations is approximately equal to their carrying amount.
20 Creditors: amounts falllng due withln one year
2024
2023
Notes
Obligations under finance leases
Borrowings
Other taxation and social security
Trade creditors
Accruals and deferred income
19
5,493
7,500
13,994
6,704
10,626
5,493
6,300
10,342
18,794
2.620
44,317
43,549
15-

CHINNORAND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
21 Creditors.. amounts falling due after more than one year
2024
2023
Notes
Obligations under finance leases
Borrowings
19
4,425
3,200
9,186
6,900
7,625
16,086
Loans
Chinnor and Prin￿S Risborough Railway Association Limited has outstsnding members loans due to the
members, which include trustees. The total amount outstanding due to trustees is 2024.. £9,000 (2023..
£11,000).
22 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as to how they may be used.
At 1 January
2024
Incoming
resources
Resources
expended
At31
December
2024
190,276
48,139
(47,760)
190,655
Prevlous year:
At 1 January
2023
Incomlng
resources
Resources
expended
At31
December
2023
180,350
33,922
(23,996)
190,276
16-

CHINNORAND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
23 Deslgnated funds
These are designated funds which are material to the charity's activities.
At 1 January
2024
Resources
expended
Transfers
At31
December
2024
96,530
(9,176)
106,000
193,354
Prevlous year.
At 1 January
2023
Resources
expended
Transfers
At31
December
2023
35,837
(9,307)
70,000
96,530
Unrestrlcted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
At 1 January
2024
Incoming
resources
Resources
expended
Trdnsfers
At31
December
2024
General funds
700,004
295,451
{205,216)
(106,000)
684,239
Previous year:
At 1 January
2023
Incoming
resources
Resources
expended
Transfers
At31
December
2023
General funds
705,280
262,953
(198,229)
(70.000)
700,004
17-

CHINNORAND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
25 Analysls of net assets between funds
Unrestrlcted Deslgnated
funds
funds
Restricted
funds
Total
2024
2024
2024
2024
At 31 December 2024:
Tangible assets
Investments
Cu￿ent assetsl{liabilities)
Long term liabilities
440,554
8,807
5,575
454,936
248,107
(4,425)
184,547
188,280
{3,200)
620,934
(7.625)
684,239
193,354
190,655
1,068,248
Unrestricted Designated
funds
funds
Restricted
funds
Total
2023
2023
2023
2023
At 31 December 2023:
Tangible assets
Investments
Current assetsl{liabilities)
Long tem liabilities
482,502
16,127
9,975
488,804
247,685
(10,186)
80,403
186,201
{5,900)
514,289
(16,086)
700,004
96,530
190,276
986,810
26 Analysis of net assets between funds - Detalled
Cash at bank included in current assetsllliabilities)..
Unrestricted: £65,975,. (2023= £111,567)
Designated.. £110,499., (2023- £72,783)
Restricted.. £264,244., (2023.. £193,532)
27 Related party transactlons
Chinnor & Princes Risborough Rallway Company Limited
Chinnor and Princes Risborough Railway Association Limited receives management fees for the use of its
assets by the subsidiary. A fee continues to be paid by said subsidiary during the year. Management Fee for
2024: £218,214 (2023.. £160,762).
At the 31st December 2024 an amount of £218,012 (2023: £160,612) was owed by Chinnor & Princes
Risborough Railway Company Ltd to Chinnor & Princes Risborough Railway Association Ltd.
18

CHINNORAND PRINCES RISBOROUGH RAILWAY ASSOCIATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
28 Subsidiarles
These financial statements are separate charity financial statements for Chinnor and Princes Risborough
Railway Association Limited.
Details of the charity's subsidiaries at 31 De￿mber 2024 are as follows..
Name of undertaking
Registered
offlce
Nature of buslness
Class of
'% Held
shares held Direct Indirect
Chinnor & Princes
Risborough Railway
Company Limited
England
Passenger rail transport
Ordinary
shares
100.00
19-