| PAGE | |||
|---|---|---|---|
| Trustees' annual report |
|||
| Independent examiner's |
report to the trustees | ||
| Statement offinancial | activities | ||
| Statement offinancial | position | ||
| Notes tothe financial | statements |
| REFERENCE AND | REFERENCE AND | ADMINISTRATIVE DETAILS | ADMINISTRATIVE DETAILS | |
|---|---|---|---|---|
| Registered | charity name | The Friends ofthe Keighley | and Worth Valley Railway | |
| Charity registration | number | 1032933 | ||
| Principal office | Haworth Station |
|||
| Haworth | ||||
| Keighley | ||||
| BD22 8NJ | ||||
| The Trustees | Mr SBray - Chair | |||
| DrKA Carlton - Secretary | ||||
| Mr D Petyt -Treasurer |
||||
| Mr CH Clough | ||||
| Mr TEngland | ||||
| Mr D Hanson | ||||
| Mrs IM Jones | ||||
| Mr KJones | ||||
| Mr RWalker | ||||
| Mr N Ward | ||||
| Mr M W Clark | (Passed away 30August 2022) | |||
| Mr G Way | ||||
| Mr SBarrett | (Passed away 30March 2023) | |||
| Mrs A Tarran | ||||
| MrBSlater | ||||
| Mr IPurkis | ||||
| Independent | examiner | EA Short FCA | ||
| Equitable House | ||||
| 55Pelion Lane | ||||
| Halifax | ||||
| Banks | CAF Bank Ltd | |||
| 25 Kings Hill Avenue | ||||
| Kings Hill | ||||
| West Mailing | ||||
| ME194JQ | ||||
| Virgin Money | ||||
| 46 Market Place | ||||
| Dewsbury | ||||
| WF13 1DN | ||||
| Shawbrook Bank Limited | ||||
| Lutea House | ||||
| Warley Hill Business Park | ||||
| The Drive | ||||
| Great Warley | ||||
| Brentwood | ||||
| CM13 3BE |
| e Friends ofthe Keighle | y &Worth Valley Railway is forme | d as follows:- |
|---|---|---|
| Independent Trustees |
Society Nominated | Trustees |
| DrKA Carlton | Mr SDBray | |
| Mr DPetyt | Mrs A Tarran | |
| Mr C H Clough | Mr BSister | |
| Mr TEngland | Mr IPurkis | |
| Mrs I M Jones | Mr SBarrett (Passed away 30March 2023) | |
| Mr KJones | ||
| Mr RWalker | ||
| MrN Ward | ||
| Mr D Hanson | ||
| Mr M W Clark (Passed | away 30th August 2022) |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | |||||||
| Income and endowments | |||||||
| Donations and legacies |
4 | 12,782 | 17,440 | 30,222 | 67,895 | ||
| Investment income |
5 | 152 | 2,129 | 2,281 | 655 | ||
| Total income | 12,934 | 19,569 | 32,503 | 68,550 | |||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs ofraising donations | and | legacies | 97 | ||||
| Expenditure on charitable |
activities | 6,7 | 24,794 | 67,938 | 92,732 | 12,742 | |
| Total expenditure | 24,794 | 67,938 | 92,732 | 12,839 | |||
| Net losses on investments | 10 | 3,962 | 3,962 | ||||
| Net (expenditure)/income | and | net | |||||
| movement in funds |
(15,822) | (48,369) | (64,191) | 55,711 | |||
| Reconciliation offunds | |||||||
| Total funds brought forward |
148,185 | 262,441 | 410,626 | 354,915 | |||
| Total funds carried forward | 132,363 | 214,072 | 346,435 | 410,626 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| FIXEDASSETS | ||||||
| Investments | 14 | 194,038 | ||||
| CURRENT ASSETS | ||||||
| Debtors | 15 | 3&112 | 42,936 | |||
| Cash at bank and in hand | 151,085 | 369,290 | ||||
| 154,197 | 412,226 | |||||
| CREDITORS: amounts | falling due | |||||
| within one year | 16 | 1,800 | 1,600 | |||
| NET CURRENT ASSETS | 152,397 | 410,626 | ||||
| TOTAL ASSETSLESS | CURRENT | |||||
| LIABILITIES | 346,435 | 410,626 | ||||
| NET ASSETS | 346,435 | 410,626 | ||||
| FUNDS OF THE CHARITY | ||||||
| Restricted funds | 214,072 | 262,441 | ||||
| Unrestricted funds |
132,363 | 148,185 | ||||
| Total charity funds | 17 | 346,435 | 410,626 |
| subsequently measured at amortised c DONATIONS AND LEGACIES |
ost using the effective interest m | ethod. | |
|---|---|---|---|
| Unrestncted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| DONATIONS | |||
| Donations | 2,026 | 14,403 | 16,430 |
| LEGACIES | |||
| Bequest | 10,746 | 10,746 | |
| GIFTS | |||
| Gift Aid Receivable | 10 | 3,037 | 3,046 |
| 12,782 | 17,440 | 30,222 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2022 | |
| DONATIONS | |||
| Donations | 3,560 | 10,124 | 13,684 |
| LEGACIES | |||
| Bequest | 51,212 | 51,212 | |
| GIFTS | |||
| Gift Aid Receivable | 2,999 | 2,999 | |
| 57,771 | 10,124 | 67,895 |
| INVE | STMENT INCOME | ||||
|---|---|---|---|---|---|
| Unreshdcted | Restricted | Total | Funds | ||
| Funds | Funds | 2023 | |||
| Bank | interest | 152 | 2,129 | 2,281 | |
| Unrestricted | Restricted | Total | Funds | ||
| Funds | Funds | 2022 | |||
| Bank | interest | 655 | 655 |
| EXPEN | DITURE ON CHARITA | BLE ACTIVITIES BYFUND TY | PE | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Funds | ||
| Funds | Funds | 2023 | |||
| Grants | paid | 20,913 | 67,938 | 88,851 | |
| Support | costs | 3,881 | 3,881 | ||
| 24,794 | 67,938 | 92,732 | |||
| Unrestricted | Restricted | Total | Funds | ||
| Funds | Funds | 2022 | |||
| Grants | paid | 8,724 | 2,454 | 11,178 | |
| Support | costs | 1,564 | 1,564 | ||
| 10,288 | 2,454 | 12,742 |
| EXPENDIT | URE ON CHAR | ITABLE ACTIVITIE | S BYACTIVI | TY TYPE | |
|---|---|---|---|---|---|
| Grant | |||||
| funding of | Total funds | Total fund | |||
| activities I |
Support costs | 2023 | 2022 | ||
| Grants paid | 88,851 | 88,851 | 11,178 | ||
| Governance | costs | 3,881 | 3,881 | 1,564 | |
| 88,851 | 3,881 | 92&732 | 12,742 |
| 8. | SUPPORT | COSTS | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Support costs | Total 2023 | Total 2022 | |||||||
| Postage and | stationery | 25 | 25 | ||||||
| Bank charges | 72 | 72 | |||||||
| Investment | management | fees | 2,000 | 2,000 | |||||
| Independent | examination | 1,784 | 1,784 | 1,564 | |||||
| 3,881 | 3,881 | 1,564 | |||||||
| 9. | ANALYSIS | OF GRANTS | |||||||
| 2023 | 2022 | ||||||||
| GRANTS TO INSTITUTIONS | |||||||||
| Keighley and %orth Valley Light Railway Ltd |
88,851 | 11,178 | |||||||
| Total grants | 88,851 | 11,178 | |||||||
| 10. | NET LOSSESON INVESTMKNTS | ||||||||
| Unrestricted | Total Funds | Umestricted | Total Funds | ||||||
| Funds | 2023 | Funds | 2022 | ||||||
| f | |||||||||
| Gains/(losses) | on cash held for | ||||||||
| investment | purposes | (3,962) | (3,962) | ||||||
| 11. | INDEPENDENT EXAMINATION FEES | ||||||||
| 2023 | 2022 | ||||||||
| f | |||||||||
| Fees payable | to the independent | examiner | for: | ||||||
| Independent | examination | ofthe | financial | statements | 1,784 | 1,564 |
| Other | ||
|---|---|---|
| investments | ||
| Cost or valuation | ||
| At 6 April | 2022 | |
| Additions | 200,000 | |
| Fair value | movements | (3,962) |
| Other movements | (2,000) | |
| At 5April | 2023 | 194,038 |
| Impairment | ||
| At 6April | 2022 and 5April 2023 | |
| Carrying | amount | |
| At 5April | 2023 | 194,038 |
| At 5 April | 2022 |
| 15. | DEBTORS | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Trade debtors | 75 | |||
| Other debtors | 3,037 | 42,936 | ||
| 3,112 | 42,936 | |||
| 16. | CREDITORS: amounts | falling due within one year | ||
| 2023 | 2022 | |||
| Accruals and deferred income | 1,800 | 1,600 |
| Gains and | ||||||
|---|---|---|---|---|---|---|
| 6Apr 2022 | Income | Expenditure | Transfers | losses | 5Apr 2023 | |
| f. | f. | |||||
| General funds | 133,185 | 12,934 | (24,794) | (3,962) | 117,363 | |
| Water Tower | 15,000 | 15,000 | ||||
| 148,185 | 12,934 | (24,794) | (3,962) | 132,363 | ||
| Gains and | ||||||
| 6Apr 2021 | Income | Expenditure | Transfers | losses | 5Apr 2022 | |
| General funds | 100,144 | 58,426 | (10,385) | (15,000) | 133,185 | |
| Water Tower | 15,000 | 15,000 | ||||
| 100,144 | 58,426 | (10,385) | 148,185 | |||
| Restricted funds | ||||||
| Gains and | ||||||
| 6Apr 2022 | Income | Expenditure | Transfers | losses | 5Apr 2023 | |
| 957 Overhaul | 11,061 | 4,332 | 15,393 | |||
| WD Overhaul | 59,202 | 1,267 | (24,800) | 35,669 | ||
| Black Five Fund | 84,210 | 1,889 | 86,099 | |||
| 75078Fund | 49,390 | 9,881 | (40,000) | 19,271 | ||
| 4FFund | 3,842 | 363 | 4,205 | |||
| Diesel | ||||||
| DMU/DRB | 714 | 721 | ||||
| Steam Crane | ||||||
| Fund | 51,579 | 521 | (3,138) | 48,962 | ||
| Bridge Appeal | 2,443 | 1,309 | 3,752 | |||
| 262,441 | 19,569 | (67,938) | 214,072 |
| Gains and | ||||||
|---|---|---|---|---|---|---|
| 6Apr 2021 | Income | Expenditure | Transfers | losses | 5Apr 2022 | |
| 957 Overhaul | 10,728 | 333 | 11,061 | |||
| W D Overhaul | 61,274 | 382 | (2,454) | 59,202 | ||
| Black Five Fund | 83,042 | 1,168 | 84,210 | |||
| 75078 Fuild | 42,429 | 6,961 | 49,390 | |||
| 4F Fund | 3,602 | 240 | 3,842 | |||
| Diesel | ||||||
| DMU/DRB | 714 | 714 | ||||
| Steam Crane | ||||||
| Fund | 51,579 | 51,579 | ||||
| Bridge Appeal | 1,403 | 1,040 | 2,443 | |||
| 254,771 | 10,124 | (2,454) | 262,441 |
| ANALYSIS OFN | ET ASSETSBETW | EEN FUNDS | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| Investments | 194,038 | 194,038 | ||
| Current assets | 134,163 | 20,034 | 154,197 | |
| Creditors less than | I year | (1,800) | (1,800) | |
| Net assets | 132,363 | 214,072 | 346,435 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| Investments | ||||
| Current assets | 153,445 | 258,781 | 412,226 | |
| Creditors less than | I year | (1,600) | (1,600) | |
| Net assets | 151,845 | 258,781 | 410,626 |