WORTH VALLEY
rmt WOAntYALWWWAY
THE FRIENDS OF
KEIGHLEY AND WORTH
VALLEY RAILWAY
UNAUDITED FINANCIAL STATEMENTS
5 APRIL 2024
Charity Reglstration Number: 1032933
STREETS
SPENSER WILSON
CHAKTERED ACCOUNTANTS

THE FRIENDS of4 THE KEIGHLEY AND WORTH VALLEY
RAtLWAY
FINANCIAL STATEMENTS
YEI AR Kf4DED S APRIL 2024
PAGE
TTUStees' 2nJJual report
Indcpendent examinees ￿port to the trustees
Stateinent of financial activities
Statement of fin8ncAal position
Notes to the fil￿ncEal statements

THE FRIENDS OF THE KEIGHLEI Y AND WORTH VALLEY
RAILWAY
TRUSTEES, ANNUAL REPORT
YEAR EI NDED 5 APRTL 2024
Tlie ti'ust¢cs present thelr report and the unaudited financial stateinents of tl]e cl)arity for the y¢ai' ended
5 April 2024.
Chaii's i'epoi"t
This is my second report as Chairm8JJ. and I would like to tha))k all the Trnstee5 for all their hard woi'k.
I would especially like to tliank David Pctyt who has stood down as Ti'easurer of tlie Charity in the yeai,
We al'e gratcthl diat David renlai1￿ a Trustee, retaininE bis experience and H'isdom in the oi'ganisation,
His role as Ti'easui'ei. is taken by John Hinchcliffe wlio fts also active in ilie running of tlie K¢iglil¢y and
Worth Valley RaÉlway Pirservation Society and brings awealtli of business experience into tl)is Cliaiity.
Additionally) I would like to express my tljanks to Bob Walkei, who senied as a Trustee witli distinctio
befoi'e his "E'etiienienl" in June. We are grateful foi bis substantial contribulion over vay many yei's.
The Tiijst has continued to support a number ofprojects on behalf of the Railway. Specifically, we liave
been able to provide financial suppoi't for tlie overnll of War Depai'tment Locomotive 90733, Ilie 50 ton
st¢am crane aiid towards tlie planning costs of the rebuildiiig of Bridge 27 at Haworth.
The TI￿st,$ relationship with the Keighley and Worth Valley Railway Preservatioii Society Ltd lias
continued to develop. Tn the previous year the Keigbley and Ivortli Valley Railway Trnst was itforined
into what is now known as Tlie Friends of tlie l<ekghley and Worth Valley Railway. I am pleased that
Dew Trustees hdve joined the Charity bringing new e￿￿'gY to the team and Str￿o[l)ening 21igninent with
t]ie Keighley aJ]d Worth Valley Railway Preservation Society Ltd. The Friends are llow actively lookiiig
into different ways foi. fund Taising with Dew approaches expectcd to b¢ introduced ii) tlie next year.
Tlie report sl)ows tiiat our funds grew in the year based on Continued donations fi.om our supporta's, and
additionally investment.(rains. The Iraves us well placed io provide f￿th￿. ongoing suppoi't for the
Keighley and Woith Valley Railway in the years ahea(L

THE FRIENDS OF THE KEIGHLEY AND WORTH V2lLLEY
RAILWAY
TRUSTEES, ANNUAL REPORT ItilO11￿n¢dj
YE*AR NDED 5 APRIL 2024
REFERENCE AND ADMENISTRATIVE DETAIts
Registered ch￿'Ity ll#￿e
Chai'lty reglstration numbei.
Principal offIce
The Friends of the Keigbl¢y and Worth Valley Railway
1032933
Hawoitli Station
Hawoi'lli
Keighley
BD22 8NJ
The trustees
Mr S Bray- Chair
Dr K A Cai'lton - Secretary
Mr C H Clough
Mr T England
Mr D Hanson
Mr J Hinchcliffe
Mrs I M Jones
Mr K Joiies
Mr D Petyt
Mr I Purkis
' P Seton
Mr B SlaÉer
Dr M J Stroh
A T￿Tall
Mi. R Walker
Mr N Ward
Mi. G Way
E A Sliort FCA
Equltablc House
55 Pcllon IAne
Halifax
HXI 5SP
(Appointed 19 Noveinbei" 2023)
(Appointed 19 November 2023)
(Appointed 19 Noveinber 2023)
(Resigned 25 Julie 2023)
Independent exan)iner
Banks
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Mallin
ME19 4JQ
V￿gi￿ Money
46 Market Place
Dewsbuiy
WF13 IDN
Shawbi'ook Bank Liinited
Wai'ley Hill Business Pwk
Gi"eat Wai"ley
Brenhvood
CM13 3BE

THE FRIENDS OF TH￿ KEIGHLEI Y AND WORTH VALLEY
RAILWAY
TRUSTEES, ANNUAL REPORT (t&iW•i,.
YEAR ENDED 5 APRIL 2024
STRucfu]iE, GOVERNANCE ATrID MANAGEMENT
The T￿st deed provides for no less than five and no more than diirty Trustees to be appointed, with tlie
Trnstees being appointed by the DirecloiE of the Keighley and Woith Valley Railway Pi'eseivalioii
SoGiety Ltd ivho endeavollr to ¢nsure that at least one Tiuste¢ irpreseiits each of tlie Societys sub-
committees. In addition. Directors can appoint at least two independent Trustees who l)ave no
repiesentatioiial fullction.
During the year eiidillg 5 ApLiI 2024, there were between thirteen wid sixteen Ti'ustees witti three iiew
Tiustees appointed. Wlii15t all tILe Ituslees are memb￿￿ of tlie Keighley and Wort]i Valley Railway, ten
of the Tivstees do not repi'e5ent any particular departtnenL
Howevei, during the year the Keighley & Worth Valley Railway Preservatxon Society Ltd aiid The
Iceighley & Woith Valley Railway T￿￿t came to an agreeinent oil how tlie T￿￿t sliould be refornied to
better as&ist the Society wttl) fund rdising. Tn a￿reMellt with the Charity Comfflission. tlie Iceigliley &
Worth Valley Railway Trust has been i"enained The Friends of tlie KeigI]ley & Woi'th Valle31 Railway
with no Enoi'e tban twenty T￿￿te¢s. up to ten independei)t Trnstees. appointed by th¢inselves and up to
ten Trustees appointed by the Keighley & Woith Valley Railway Preseivation Society.
The Fiiends of the Iceighley & Woi'th Valley Railway is forn]ed gs follows:_
Independent Trust¢es
DI" KA CaLlton
Mr C H Clough
Mr T Etigland
Mr D H￿￿O[l
M&"s l M Jones
Mr K Jones
Mi. D Petyt
Mi" R Walker (resigned 25 June 2023)
Mi"N Ward
MrGWay
Society iioknillated Trustees
MrSDBray
Mi. J Hinchcliffe
Mi. I Purkis
Mr P Seton
Mi. B Slater
Di M J Stroll
Mrs A T￿Tan
In tlie y¢ar the trustees met five umes.
New Tiustees are given an extract of tIie Cliarity Commission's Guidance CC3, updated 3 My 2018,
The Essential Tru5tce"
the guidance is edited to iEmovc material not itlevant to tli¢ TrusL Because
Trustees We￿ oiiginally appoiiited by the directors of the Keighley and Worth Valley Railway
Pi.ese￿￿tiOn Society Ltd, they ￿'e always Andividuals who have, or bave had, active involvemeiit witli
Ilie Keigljley and Worlli Valley Railway so no fijrther induction to the Railway is Thecessaly. Tlie
CliairniaT], Secretaiy and Ti'easurer do. however, provide any specific infoiination oi- advice a iiew
Ti'u&tee Inay i-equije.
The Ti￿SteeS have examined the operational and business risks faced by the Ch&ity and confinn that
tliey liavc esiablislied systems to mitigate significant risks.

THE FRIENDS OF THE KEIGHLEY AND WORTH VALLEY
RAILWAY
TRUSTEES, ANDTUAL REPORT (coMl#ied)
YEAR EN'DED 5 APRIL 2024
OBJECTIVES AM) ACtIVlTIES
Tl)e Trust wgs establislied 011 19 January 1994 as amended by deed dated 11 Janwdry 2015 with Llie
objective of supporting the pi'eservatioffj Inaintenance and protection of ti)ose sh￿Ctu1.es, buildtiigs,
planL loCo￿0t]Ves. i-olling stock and equipment of the lceigliley and Wortli Valley Railway whicl) al-e
of histoiÈcal, ciiltural, architectural. constDJctional oi. scientific interest or which exhibit craftsmansliip
woitliy of preS￿Vation.
The Fi'iends of Keighley & WortIi Valley Railway was fonned out of the original Tiwt by a Supplcment
Trust dced daied 6 Novenibei. 2022, but with tlie sa]ne objectives.
The Chaiity co-operates with the Keigliley and Worth Valley Light Railway Lld and the Keighley and
Worth Valley Railway PreseNation Society Ltd iii order to acliieve its objectives.
ACHIEVEMENTS AND PERf,ORMANCE
Paymettts were made to the Keighley and Woith Valley Light Railway Ltd forwork on War Department
locomotive No 90733. planni£ig tlie tebuilding of Bridge 27 and the 50 ton ste￿n crane RSIOO5.
PUBLIC BEI NE4 f4lT
Tlie TKustees confirin tliat they havc paid due regaid to tlie Cliarity Conmnission's guidance on public
benefit and considei. their atiiivities to be in compliance therewith.
The Fi'iends of Iceighley & Worth Valley Railway i"eviewed its compliance with GDPR.
PROCEDURES AND POIJCY MAKING GIL4NTS
Tlie Friends of the Keighley & Worth Valley Railway Taises funds froin doiiations, beqLie51s, lo￿1$ and
grants froni individuals ￿)d bodies supportive of the charities aims wid disbuLses the funds in suppoi"t
of pi'oje¢ts supported by tlie Dii"ectors of Keighley & Worth Valley Railway PreseTvation Society Ltd.
The Trustees ineet oil a i'egular i)asis to consider wltst gr￿ltS tliey will make and to monitoi" tlie use of
grants which have been inade.

THE FRIEI NDS OF THE KEIGHLLI Y AND WORTH VALLEI Y
RAILWAY
TRUSTLI ESI ANNUAL REPORT (c&iillohtAJ
YEAR E¢ f4DLD 5 APRIL 2024
FINANCIAL REtVIEW
Tlie opcratiiig suiyliTS foj. die year was £89,986 {2023 deficit - £64,191). Inade up of a SULpEus OJJ
unrestricted fuLids of£58,511 (2023 defioit- £15,822) and a SULplus oll rests-icted fvnds Df £31.475 (2023
deficit- £48,369), wliich has beeii deducted froin iEseives. Uill'estrÈcled I'eserves at the eiid of tlie yeai.
wei'e £190,874 (2023 - £132,363) and restrieled £245,547 (sui'plus- £214,072) whicli are used to finance
additioiThl projects, activitle5 in tl)e ensuiiig yeai ￿]d as backup rese￿e.
Investsnent policy
Tlie Tiu8tDeed autliorises tlie Trustto inake and bold iiwesttnents using the gen￿?1 fvnds of tlie ajarity.
Tlie Trustees, policy is to invest in low-risk, iithiyst-bearing account&
Rislc manageJ]ient
The Trustees actively review the majoi. rislcs ai'eas that tlje Cbaiity faces on a regular basis and believe
Il)at maintaining i'eserves al tlie cuiYenL levels, combined with an annual review olthe controls over tl)e
key fjnajicial systems, will provide sufficient I'esouires in the even¢ of adveLse conditions,
Re5eivu policy
The Tnjst holds i'eselwes to support specific pi'ojects on The Keigbley & Woith Valley Railway and
Ibese fithds are Ieleased upoii a specific request being received. As a itsult, the ￿lid5 air Ileld by the
Charity until the i'equesl has been i'eceived and a￿￿ed by Éhe TTUStees to be funded, Until sucli tiine.
funds arc lield ii) Icsei've by the Cliarity-
PLAI4IS FOR FUTURE4 PERIODS
Trust iiicorne remains sie&dy with regular standÉng orda. donations to the G>ierdl Fiind and specified
rests'icted funds.
The tsust¢es' annual r¢poi't was appiDved on 17 January 2025 and signed on belialf of tlic boai'd of
triislees by:
MR S BRAY
Chair
MR J HINCHCLIFfiE
T￿￿te¢

THE FIUENDS OF THE ]￿IGHL[l Y AND WORTH VALLEY
RAILWAY
INDEPEINDENT EXAMJNER'S REI PORT TO THE TRUSTEES OF THE FRIETh￿s
OF THE I<EIGHLEY AND WORTH VALLEY RAILWAY
YEAR ENDED 5 APRIL 2024
I report to the trLlStees on niy examination of ilie financial statements of Tlie Fj'iends of tlie Iceigliley
and Wortli Valley R?ilway ('tlie charity,) foi the yeai ended 5 Apiil 2024.
RESPONSIBILITIFS AND BASIS OF REI PORT
As the ttustees of the charity you ai"e responsible for the preparation of the financiaI statements in
accordauce with tl)e requiirfflents of the ch￿"lti￿ Act 2011 ('Ihe Act,).
I repoit ili iespect of iny examination of tlie charitls financial statements carried out under section 145
of the 2011 Act and in canyins out my examination I I￿ve followed all the applicable Dii'eclÉoLlS given
by tbe ajarity Commission under section 145(5)(b) of the ACL
INDEI PENDENT EXAMINER'S STATEMENT
I Iiave coinpleted iny examinatioii. l eonfirm tlydt no matei'ial inalters have coine to my attention Én
connection R?ith the ekamillation giviiig me cause to believe that in any mateiial Jespect:
accounung i'ecords were not kept in respect of the cliarity as required by section 130 of the
the finantial statements do not accord with those itcords: or
the financial statements do not comply with the applicable requirenients concerning tlie foiin
and content of accounls set out in the Charities (Accourtts and Reports) Regulations 2008
other than any requirement diat t]ie accounts give a 'trne 2nd fairf view whi¢h is J]ot a rnatlei.
considered as pait of an independent examÉnation.
I have no collcerns and have cojne acros5 no othei- matters in comiection witli t]ie exami1￿110Th to wbicb
attelition should be th.awn in this repoj't in order to enable a proper understanding of the accounts to be
reached.
E A Shoi't FCA
liidependent Examiner
Equitable House
55 Pellon Lane
H&lifax
West Yod(5hire
HXI 5SP

THE FRIENDS ofi THE KKIGHLEY AND WORTH VALLEY
RAtLWAY
STATEMENT OF FINANCIAL ACTIVITIES
I AR ENDED 5 IlPRIL 2024
2024
R¢stiActed
funds Total funds Total funds
2023
Unitstsicted
nds
Note
Ineome and endoivments
Donations and legaci¢s
Otlier tradiJ]g activities
Investment income
66,688
349
3.761
38,818
105,506
349
10,098
115,953
30,222
6.337
1281
Total income
70,798
45.155
32.503
Expendltllre
Expcnditui-e on cliaritablc activities
Total expenditure
12,287
20,735
33,022
33,022
92,732
92.732
12,287
20,735
Net gainsl(losses) on investjjients
li
7,055
7,055
3.962
Net incoinel(expendlture) and net
movement In funds
58,511
31,475
89,986
(64,191)
Reconc1112tlon of fullds
Total funds br'ought fotyiard
Total fllnds cari'ied foyivard
132,363
190.874
214.072
346,435
436,421
410,626
245,547
346,435
Tlie statement of financial activities inL.ludes all gains and losses recognised in the yeai..
All income and expenditure derive from ¢ontinuing activities.
Tlie iiotos on pages 9 to 16 form part of these fjiiancial statenients.

THE FRIE4 NDS OF THE I<EI IGHLEI Y AND WORTH VALLLI Y
RAILWAY
STATEMENT OF FINANCIAL POSITION
5 APRIL 2024
2024
2023
Note
FIXED ASSETS
liivesknneLIts
15
205.203
194,038
CUIiRENT ASSEI TS
Debt013
Cash at bonk aiid in Iiwid
16
8,0011
225,218
233218
3,112
151,085
154,197
CREDITORS. ajntjunts falling due
Iviuiiu oiie year
17
2.000
1.800
NET CURRENT ASSETS
231.218
152,397
TOTAL Assrfs LESS CURRENT
LIABILITtL8
436,421
436,421
346,435
346,435
NET ASSEI TS
FUNDS OF CHARITY
Restricted funds
Unrestticled fuiids
245,547
190,874
436,421
21.4,072
132J63
346,435
Total chai'ity funds
18
These fiL)ancial statetn¢nts were approved by tli¢ boai"d of ttustees and auth￿'iSed for issueon 17 Januai'y
2025, and are SiEned on behalf of tiie board by.
MR S BRAY
aiair
J HINCHCLIFF
Tntstee
Tlie iiotes 012 pllges 9 to 16 foi'm pait Dr tliese financiRI statemeiits,

THE FRIEt NDS OF THE KEIGHLEY AND WORTH VALLEY
RAILWAY
NOTES TO THE FINANCIAL STATEMENTS
YE4 AR ENDED S APRIL 2024
GENERAL INFORMATION
The chai'lty is a pubtic benefit entity and a registered chaTlty in England and Wales and Is
iinincoÈporated. The address of thc piincipal offic¢ is Hawoith Station, Hawoitii, Keigliley, BD22
8NJ.
STATETrIENT OF COMPLIANCE
These financial stateinents bave been prepared in coinpliance with FRS 102, 'The Financial
Reporting Standard applicable in tlie UK and tlie Republic of li'eland,, the StateÉnent of
Recomniended Practice 2ppIic2ble to cliai'ities ￿ep￿.Ing theii accounts in accordance witli the
Financial Reporting Standard applicable in tlie UK and Republic of li'eland (FRS 102) (Charities
SORP (FRS 102)) and tlie Cliarities Act 2011.
ACCOUNTING POLICIEI S
Basis of preparation
The fin(Incial statements have be£n piEpaitd on tlie histori￿1 cost basis, as modified by tlie
revaluation of ceitain financial assets and liabilities and investment properttes measwEd at fair
value tllrough Kncome or expenditure.
Thc financial slateinents are prepaied in slerling. which is the futsetsonal Currency of the entity.
Going concern
Thei'e are no material uncertainties about the ch￿]￿S abili(y to continue.
udgements and key sources of estimation ullcertainty
Tlie pi'eparation of the ftnancial statements requtrcs management to inake judgements, estimates
atid assumptions that affect the amounts reported. These estiinat&s and judgejnents al'e continiially
Ltviewed aiid aLe based on experiejice and oilier facto￿, ineliiding expectations of futui'e events
diat are b¢li¢v¢d to be rtrdsoi7able undffl the circuinstances.
Thei'e aL'e not considei-ed to be any judgements or accountiiig estiniates or assumptions that liave a
Significant impact on th¢ fumncial sÉatanents.
Fund accounting
UmEStricted funds are ayailable foruse at the discretion of the trustees to furtlier any of the cknity's
puiposes.
Designated ￿ndS unreslricted fiu]ds earniarked by the tn]stees for particular future pmject or
commitsnent.
Resti'icted ￿lldS are siibjected to restrictions on dieir expendithre declared by the donor oi. tlu'ough
the temis of an appeal.

THE FRIENDS OF THE KEIGHLEY AND WORTH VALLEY
RAILWAY
NOTES TO THE FINANCIAL STATEMENTS Icowiiuii¢dJ
YEAR ENDED 5 APRIL 2024
ACCOUNTING POLICIES (eonlifviiedj
lllcomiiig resources
All income is included in the stateinent of financial activities wlien entitlement has passed to tlie
Charity, it is probable that tlie ecoiiomic bcnefits associated with the transaction will flow to tlie
charity and Ilie aniount can be r¢liably inea5ured. The following specific policies ale applied to
partiCul￿- categojies of income:
Income from doi)ations or grants is recogni5ed when there is evidence of entitleinent to tlie gift,
receipt is pi'obable and its amount can be measured reliably.
Legacy income is recognised wlien receipt is piDbable and entitlement is established.
Incoine from donated goods is ineasui.ed at the fail value of the goods u])less thÉs is iinpractical to
measure reliably, iii whicli case the value is derived fi'om d)e cost to the donoi. or tlie estitnated
i'esale value. Doiiated facilities and services are recognised in the accounts wl)eii J'eceiired if the
valiie can be i"ekiably measw'ed. No amounts are included for tlie contribution of general voluiiteeis.
Investtneni income As accounted foi. in tlie period in whicli the Chnrity ts entitled to i'eceipL
Gift Aid ieclaiinablc on donations to the tharily is included wlien the ￿Ceipt is probable and its
ainount can be measured reliably.
Resoui'tes eypended
Expendittu'e is reeognised on an accrnals basis a5 a liability is incurred. Expenditure includes any
VAT iyhich cannot be fully r¢coveiE(L avd is classified under heading5 of the statement of financial
activities Èo which it ielates".
Expenditui'¢ on raising funds includes the costs of ail fijndraising actiiiities, events, non-chai'Ltable
trading activities, tlie sale of donated goods.
Expenditui'e on charitable activities includes all costs incunrd by 2 charity ID undertaking activities
that further its chaiitable aims for tlie bellefit of ils benefLciai'ies. includiiig tbose suppoi't costs and
costs relating to the governance of the chaiity apportioned to chaiitablc activkties.
Expenditu]e on grants is recorded ollce the Trust lias madean unconditional commitmcnt to pay
tlie gi'ant and tliis is coniniimicated to the beneficiary or tlie grant lias been pai￿ wliiclievei- is the
eai'liei". The Ttwst has not Inade aiiy ￿￿nt COLnmittnents of more Ilian one ycar.
Other expellditure includes all expendtture that is neither itlated to raising funds for the chaiity
nor part of ils expenditure on charitable activities.
All costs are allocaled to expendittire categories reflecting die use of the resouire. Diitct cosss
attribulablc to a single activity are allocated directly to tliat activity. Sliared LA)sts al'e appurtioned
between tlie activities they contiibute lo a reasonable, justifkable and coiisistent b&8iS.
io

THE FRIENDS OF THE KEIGHLEY AND WORTH VALLEY
RAILWAY
NOTES TO THE FINANCIAL STATEMENTS l¢vwilvttedJ
YEI AR ENDED 5 APRIL 2024
Firka)Iclal Instruiments
The cojnpany only ba5 financial assets and fEnancial liabilities of a kiiid that qualify as basic
financial instrnments. Bosic financial instruinents are initially recognised at tL7nsactÉon valiie and
subsequently measured at their settlement iralue witl) the exception of baiik loans which are
subsequently measui'ed at amortised coslusing th¢ effective interest inetliod.
DONATIONS AND LEt GACIES
Unrestricted
Fiinds
Rests'icted Total Funds
Funds
2024
DONATIOF4S
Donations
2.228
38,818
41,046
LEGACIES
Bequesl
56.433
GIFTS
Gift Aid Receivable
8.027
8,027
IOS,506
66,688
38,818
u￿r￿ul¢ted
Fiinds
Rcstiicted Tot&1 Fuods
Funds
2023
DONATIONS
Donations
2.026
14,403
16,430
LEGACIES
Bequest
10.746
10,746
GIFfS
Gift Aid Receivable
10
3,037
17,440
3,046
30.222
12,782
OTHER TRADING ACTIVITIES
Um'estricted Total Funds UnLrstticted Total Funds
Funds
2024
Funds
2023
Fundraising events
349
349
li

THE FRIENDS OF THE KEIGHLEY AND WORTH VALLEY
RAILWAY
NOTEI S TO THE FINANCIAL STATtI MLI NTS (rvi,,,,,.
YEAR ENDED 5 APRIL 2024
INVEI STTrI IEI NT INCOME
Ul￿es￿l¢tcd Restricted Total Funds
Funds
Funds
2024
Income from listed investh)eiits
Baiik intelest
6,337
6,337
3,761
3.761
3,761
6,337
10,098
Unrestricted R￿ttiCted Total Funds
Fun(Is
Funds
2023
Income from listed investrnents
Bank inteirst
152
2,129
2,129
2.281
152
2.281
EXPLYDJTURE ON CHARITABLE ACTIVITIES BY FUND TYPE
Urlltstricted
Fullds
Restricted Total Funds
Funds
2024
Grants paid
Support costg
8,125
4,162
20,735
28,860
4,162
12,287
20.735
33.022
Un￿S￿icted
Restt1Cted Totsl FuTids
Fuiids
2023
G17nts paid
Suppoit costs
20,913
3,881
24,794
67.938
88,851
3.881
67.938
92,732
EXPETrIDITURE ON CHARITABLF. ACTIVTTIES BY ACTIVITY TYPE
funding of
activities Suppoit costs
Total funds
2024
Total tund
2023
Gri]nls paid
Govemance costs
28.860
28,860
4,162
33.022
88,851
3.881
4,162
28,860
4,l62
92,732
12

THE FRIENDS OF THE KE4 IGHLEY AND WORTH VALLEY
RAILWAY
NOTES TO THE FINANCIAL STATEMENTS I
YEAR NDED 5 APRIL 2024
SUPPORT COSTS
Support costs Total 2024 Total 2023
GeneTal office
Fin2nce costs
Investment management fees
Independejit exami]￿tion
25
72
2,000
1.784
55
2,227
1,880
5S
2,227
1,880
4,162
4,162
10. ANALYSTS OF GRAINTS
2024
2023
GRthTS TO INSTITUTIONS
Keighley and Wortli Vallcy Light Railivay Ltd
Total g￿llts
28,860
28,860
88,851
88,851
11. NET GAINSI(LOSSL8) ON INVKSTIVIENTS
Uniestticled
Funds
Restricted Total Funds
Fl￿(L
2024
Gain￿(LoSses) on listed investLnents
7,055
7,055
Uniestt"icted
Funds
Restricted Total Funds
Funds
2023
Gainsl(loss&s) on listed investments
{3,962)
(3,962)
12. INDEPENDENT EXAMINATION FEES
2024
2023
Fees payable to the independertt examiner for.
Independent exainination of the financial statements
1,880
1.784
13. STAFf£ COSTS
The average head count of anployees during the year was Nil (2023: Nil).
No cmployee received employee benefits of n)OiE than £60.000 duriiig the year (2023: Nil).
13

THE FRIEI NDS OF THE KEIGHLEY AND WORTH VALLEY
RAILWAY
NOTES TO FINANCIAL STATEMENTS (ethif.
YCAR E4 NDED S APRIL 2024
14. TRUSTEE RElktUNERATION AND EXPENSES
No remuneration or otha benefits from cmploymcnt witli die ch&ity oi a related entity were
Irceived by the trustees
15. INVESTMELNTS
Cash or cash
Othei
equivalents tllv¢stments
Total
Cost or valuation
At 6 April 2023
Additions
Disposals
Fair valu¢ moveinents
OtheL rnovements
42,716
151,322
95,833
(56,982)
7,506
194,038
95,833
(56,982)
7,506
(35,192)
205,203
(35,192)
7,524
At S Api'i12024
Impairment
At 6 Api'il 2023 and 5 April 2024
Carryiiig amount
At 5 April 2024
At 5 April 2023
197,679
7.524
197,679
205,203
194,038
42,716
J51,322
All investhlents shown above are held at liali￿tion.
16. DEBTORS
2024
2023
Trade d¢btOLS
Othcr debtors
75
3.037
8,000
8,000
3,112
17. CRE, DITORS: amoullts falllng due wltliin one year
2024
2023
Accwals and defe￿ed income
2,000
1,800
14

THE FRIENDS OF THE KEIGHLEY AND WORTH VALLEY
RAILWAY
NOTES TO THE FIIYANCIAL STATEMENTS IcoiiiiNNedJ
YEAR ENDED 5 APRIL 2024
18. ANALYSIS OF CHAR]TABLEr FUNDS
Unr&strlcted funds
Gains and
losses 5 Api'il 2024
6 April 2023
Incoine Expeiiditui'e
General funds
Wakr Tower
117,363
15,000
70,798
(12,287)
175,874
15,000
132,363
70,798
{12,287)
190,874
Gains and
losses 5 April 2023
6 April 2022
Incoiiie Expendittire
General funds
Water Tower
133,185
15,000
148,J85
12,934
(24,794)
(3,962)
117,363
15,000
12,934
(24.794)
(3,962)
132,363
Restricted funds
Gains and
losses 5 April 2024
6 April 2023
Incoine Expendithre
957 Overliaul
W D Ovei'haul
Black Five Fund
75078 Fund
4F Fund
Diesel DMUIDR
Stcam Crane Fund
Bridge Appeal
Cai'riag¢s and wagons
15,393
35,669
86.099
19.271
4.205
721
48.962
3,752
5.459
1.308
3.371
7,159
364
21
1.450
1.023
25,000
508
1,175
2,837
635
139
24
1.613
124
21,360
29,124
92,307
27,065
4,708
766
45,318
(ioi)
25,000
245,547
(9,028)
(6,707)
(5.000)
214.072
45,155
(20,735)
7,055
Gains and
losses 5 April 2023
6 April 2022
Income Expenditure
957 Overhaul
W D Overliaul
Black Five Fund
75078 Fund
4F Fund
Diesel DMUIDRB
Steam Crane Fund
Bridge Appeal
Carriag¢s and wagons
11,061
59,202
84.210
49,390
3,842
714
51,579
2.443
4.332
1.267
1.889
9,881
363
15,393
35.669
86,099
19.271
4,205
721
48.962
3,752
{24,800)
(40,000)
521
1.309
(3,138)
262,441
19,569
(67.938)
2E4,072
15

THE FRIENDS OF THE KEIGItLEY AND WORTH VALLEI Y
RAILWAY
NOTES TO THE FINANCIAL STATEMENTS (to￿1
YEAR EIYDED 5 APRIL 2024
Pui'poses of Restiicted Income Funds
The fimds represent donations and lax credits, less expendithit to date for Ilie refurbislllnent of the
specified it￿￿8.
19. ANALYSIS OF TriET ASSETS BETWEEN FUNDS
Unrestsicted
Funds
Restricted Total Ilunds
Funds
2024
Investsnents
Current assets
Creditors less than l year
Net assets
205,203
40,344
205,203
233,218
(2,000)
416,421
192,874
(2,000)
190.874
245,547
Unrestsicted
Fund5
Restricted Total Funds
Fun(Ls
2023
Investments
Cunent assets
c1edito￿ less tliati l yeai.
Net r48sets
194,038
20,034
194.038
154,197
(1,800)
346,435
134.163
(1,800)
132,363
214,072
20. RELATED PARTIES
Tlie trustees of Iceigliley and Worth Valley Railway Twst aic appointed by the dii'e¢toi% of The
Keigliley and Worlli Valley Railway Preservation Soclety Limited.
Th¢ Ti'ust paid ￿2ftts to Keighley and Worth Valley Light Railivay Liniited of £28,860 (2023:
£88,851.
io