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||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||I|to|6|
|Statement ofTrustees'|Responsibilities||||
|Report ofthe Independent
Auditors||g|to|11|
|Statement ofFinancial|Activities||12||
|Balance Sheet|||13||
|Cash Flow Statement|||14||
|Notes to the Cash Flow Statement|||15||
|Notes to the Financial|Statements|16|to|25|
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|Total Restricted
funds|Total Restricted
funds|Total Restricted
funds||1,881,421|
|---|---|---|---|---|
|Less:|||||
|Restricted
Rcstrictcd
Restricted|Tangible
Intangible
debtor|assets
assets||(1,707,133)
(21,458)
~72 tk 31|
|Restricted|funds held||for future||
|periods (Bank):||||80777|
|Unrestricted|funds.|||652,652|
|Designated|funds:|||330,000|
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|||STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|STATEMENT OF FINANCIAL ACTIVITIES|||
|---|---|---|---|---|---|---|---|
||(INCORPORATING||AN INCOME AND EXPENDITURE ACCOUNT)|||||
|||FOR THE|YEAR ENDED 31STDECEMBER 2022|||||
|||||||31.12.22|31.12.21|
|||||Unrestricted|Restricted|Total|Total|
|||||fund~|fund|funds|funds|
||||Notes||f.|||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies|||2|196,936|109,212|306,148|688,001|
|Other trading
activities||||919,928||919,928|427,888|
|Investment
income||||553||553|26|
|Total||||6117417|109212|1226629|1115915|
|EXPENDITURE|ON|||||||
|Raising funds|||5|436,814|199,138|635,952|107,813|
|Charitable
activities||||||||
|General costs||||459,110|6,385|465,495|285,423|
|Property
costs||||||7|7*|
|Total||||936376|265 818|I 2111 994|483 512|
|Net gains on investments||||19808||19808||
|NET INCOME/(EXPENDITURE)
Transfers
between
funds|||19|201 049
7278|(156,606)
~57278|44,443|632,403|
|Net movement
in|funds|||258,327|(213,884)|44,443|632,403|
|RFCONCII, IATION OF FI11SDS||||||||
|Total funds brought|forward|||724,325|2,095,305|2,819,630|2,187,227|
|TOTAL FUNDS CARRIED FORWARD||||982 652|I 811 421|2864073|2 819630|
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||31STDE|CEMBER 2022||||
|---|---|---|---|---|---|
|||||31.12.22|31.12.21|
|||Unrestricted|Restricted|Total|Total|
|||funds|fund|funds|funds|
||Notes||8|||
|FIXEDASSETS||||||
|Intangible
assets|12|7,200|21,458|28,658|23,958|
|Tangible
assets|13|417,636|1,707,133|2,124,769|2,083,574|
|Investments|14|I|||61 025|
|||424,837|1,728,591|2,153,428|2,168,557|
|CURRENT ASSETS||||||
|Stocks|15|37,055||37,055|36,125|
|Debtors|16|141,769|72,053|213,822|53,646|
|Cash at bank and in hand||556 019|10.777|636 796|628 384|
|||734.843|152,830|887,673|718,155|
|CREDITORS||||||
|Amounts
falling due within one year|17|(177,028)||II77,028)|(67,082)|
|NET CURRENT ASSETS||557,815|132,830|7ltl 645|t5ltl73|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||982,652|1,881,421|2,864,073|2,819,630|
|NET ASSETS||982652|1881421|2864073|2 819630|
|FUNDS|19|||||
|Itnrestricted
funds||||982,652|724,325|
|Restricted
funds:||||||
|Restricted||||1 881 421|2 095
05|
|TOTAL FUNDS||||2 864 tl73|2 819630|
|||||||CASH FLOW STATEMENT|||
|---|---|---|---|---|---|---|---|---|
||||||FOR|THE YEAR ENDED 31STDECEMBER 2022|||
||||||||31.12.22|31.12.21|
|||||||Notes|f.||
|Cash flows from operating|||activities||||||
|Cash generated
from|operations||||||77 320|669 794|
|Net cash provided
by|operating|||activities|||77 320|669 794|
|Cash flows from investing|||activities||||||
|Purchase ofintangible|tixed||assets||||(8,000)|(25,000)|
|Purchase oftangible|fixed|assets|||||( 141,742)|(193,977)|
|Sale oftangible
fixed|assets|||||||25,000|
|Sale offixed asset investments|||||||61,024||
|Sale ofmvestment
property|||||||19808||
|Net cash used in investing||activities|||||68910|193977|
|Change
in cash and|cash|equivalents|||in the||||
|reporting
period|||||||8,410|475,817|
|Cash and cash equivalents|||at the beginning|||of|||
|the reporting
period|||||||~628 384|~152567|
|Cash and cash equivalents|||at the end||ofthe||||
|reporting
period|||||||~636794|~628 384|
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|RECONCILIATIO|N
OF NE|T INCOME TO N|ET CASH FLOW FRO|M OPERATIN|G ACTIVITIES||
|---|---|---|---|---|---|---|
||||||31.12.22|31.12.21|
|Nct income for thc|reporting|period (as pcr thc|Statement ofFinancial||||
|Activities)|||||44,443|632,403|
|Adjustments
for:|||||||
|Depreciation
charges|||||103,847|91,318|
|Losses on invcstmcnts|||||(19,808)||
|Profit on disposal offixed assets||||||(25,000)|
|Increase
in stocks|||||(930)|(36,125)|
|Increase
in debtors|||||(160,176)|(30,121)|
|Increase in creditors|||||1179944|37,319|
|Net cash provided|by operations||||773211|669794|
|ANALYSIS OF CASH AND||CASH EQUIVALENTS|||||
||||||31.12.22|31.12.21|
|Cash in hand
Notice deposits (less than 3 months)
Overdrafts
included
in bank loans and overdrafts
Total cash and cash equivalents|||falling due within one year||2,322
634,474
~2)
636794|1,52 I
626,863
628 384|
|ANALVSIS OF CHANGES||IN NET FUNDS|||||
|||||At I 1.22|Cash tlow|At 31.12.22|
|Net cash|||||||
|Cash at bank and in
Bank overdraII|hand|||628,384
~628 384|8,412
~2)
~8410|636,796
~2)
~636 794|
|Total||||628 384|8410|636794|
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||||||||31.12.22|31.12.21|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
||||||f|f|f.|I|
|Donations|||||6,747|52,634|59,381|214,902|
|Gift aid|||||29,841||29,841|45,981|
|Legacies
Grant income|||||160,348|~56578|160,348
~56 578|74,225
~352 893|
||||||196936|109.212|306 148|688 001|
|Grants received,|||included|in the above, are as follows:|||||
||||||||31.12.22|31.12.21|
|Denbighshire||CC Covid-19||||||40,000|
|WCRF Phase||2||||||137,583|
|Corwen platform|||grant||||1,386|22,950|
|WCRF Phase||I||||||147,860|
|Gcorgc Cadbury|||Fund|||||4,500|
|Corwen
canopy|||||||55 192||
||||||||56578|352 893|
|OTHER TRADING ACTIVITIES|||||||||
||||||||31.1222|31.12.21|
||||||Unrestncted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
|||||||f|f||
|Cafe income|||||68,477||68,477||
|Ticket sales|||||748,650||748,650|373,673|
|Subsciiptions|||||32,674||32,674|32,578|
|Magazines,|raffles and locomotive hire||||29,630||29,630|10,711|
|Holiday
letting income|||||22,040||22,040|2,441|
|Other sales|||||18457||18,457|8 485|
||||||~919928||919928|~427 888|
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|||||||31.12.22|31.12.21|
|---|---|---|---|---|---|---|---|
|||||Unrestncted|Restricted|Total|Total|
|||||funds|fu~ds|funds|funds|
||||||f.|||
|Bank mterest||||553||553|26|
|RAISING FUNDS||||||||
|Other trading||activities||||||
|||||||31.12.22|31.12.21|
|||||Unrestricted|Restricted|Total|Total|
|||||fundsf|funds|funds|funds|
|Purchases||||140,722|153,490|294,212|26,842|
|Statf costs||||251,579|45,648|297,227|42,665|
|Hire of|plant and machinery|||22,296||22,296|25,532|
|Steaming expenses
Holiday
letting cxpcnscs||||15,379
~6838||15,379
~6838|10,710
~2064|
|||||436 814|199138|635 952|107813|
|CHARITABLE ACTIVITIES COSTS||||||||
|||||||Support||
||||||Direct|costs (see||
||||||Costs|note 7)|Totals|
|||||||f,||
|General|costs||||1,359|464,136|465,495|
|Property|costs||||~1359|100547
~564 683|100547
~566 042|
|SUPPORT COSTS||||||||
|||||Management
f|Fuiance
f|Other|Totals|
|General|costs|||293,024|3,888|167,224|464,136|
|Property|costs|||||100,547|100547|
|||||~293 024||267 771|~564 683|
|NET INCOME/(EXPENDITURE)||||||||
|Net income/(expenditure)|||is stated after chargmg/(crediting):|||||
|||||||31.12.22|31.12.21|
|Depreciation
—owned assets||||||100,547|90,276|
|Hue of|plant and machinery|||||22,296|25,532|
|Surplus|on disposal oftlxed assets||||||(25,000)|
|Goodwill amorusation||||||3,300|1,042|
|Auditors|rcmuncration|||||6300|6 000|
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|STAFF COSTS|||||||
|---|---|---|---|---|---|---|
||||||31.12.22|31.12.21|
|Wages and salaries|||||275,403|41,779|
|Social secunty costs
Other pension costs|||||17,885
~3939
~297 "27|128
758
~42 665|
|Key management
wages and salaries||in the year amount to f.128,074.|||||
|The average monthly|number ofemployees||during|the year was as follov:s:|||
||||||31.1222|31.12.21|
|Adnnnistration|||||18|5|
|No employees
received emoluments||in excess off60,000.|||||
|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||||
|||||Unrestricted|Restricted|Total|
|||||funds|fund|funds|
|||||f.||g|
|INCOME AND ENDOWMENTS||FROM|||||
|Donations
and legacies||||205,296|482,705|688,001|
|Other trading activities||||427,888||427,888|
|Investment
mcome||||26||26|
|Total||||633210|46
7115|1115915|
|EXPENDITURE ON|||||||
|Raising funds||||51,698|56,115|107,813|
|Charitable
activities|||||||
|General costs||||164,723|120,700|285,423|
|Property costs||||.5 644|54 632|9t1276|
|Total||||065|3
7|63 5|
|NET INCOME
Transfers
between|funds|||381,145
~12297|251,258
'297|632,403|
|Net movement
in funds||||378,848|253,555|632,403|
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|||||Unrestricted|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||||funds||fund|funds|
|RECONCILIATION|OF FUNDS|||||||
|Total t'unds
brought
forward||||345,477||1,841,760|2,187,227|
|'I'OTAL I'U~DSI'ARRIED FORWARD||||7|35|535|*3|
|INTANGIBLE FIXED ASSETS||||||||
||||||||Goodwill|
|COST||||||||
|At lstJanuary
2022
Additions|||||||26,000
~8000|
|At 31st December 2022|||||||33,000|
|AMORTISATION||||||||
|At IstJanuary
2022|||||||1,042|
|Charge for year|||||||3 300|
|At 31stDecember 2022|||||||4342|
|NET BOOK VALUE||||||||
|At 316tDecember 2022|||||||28 658|
|At 31st December 2021|||||||23 968|
|TANGIBLE FIXED|ASSETS|||||||
|||Land,||||||
|||Buildings||||||
|||and||Plant|and|Motor||
|||Improvcmcnts||machinery||vchiclcs|Totals|
|COST||||||||
|At 1stJanuary
2022||2,442,|183|460,837||2,000|2,896,020|
|Additions||||139,942||1800|141742|
|At 31st December 2022||244|IN3|590779||3 800|30 6762|
|DEPRECIATION||||||||
|At 1stJanuary
2022||622,964||188,492|||811,446|
|Charge for year||51.965||48217||365|100547|
|At 31st December 2022||674919||236,709||'165|911993|
|NET BOOK VALUE||||||||
|At 31st December 2022||17*|264|354070||. 4. 5|21247 9|
|At 31st December 2021||I 879|229|262|345|2000|2 083 574|
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|FIXEDASSETINVESTMENTS||||
|---|---|---|---|
||Shares in|||
||group|Unbated||
||undertakings|invcstmcnts|Total|
|MARKET VALUE||||
|At 1stJanuary
2022||61,024|61,025|
|Dtsposals||~61024)|~61 024)|
|At 31stDcccmbcr 2022||||
|NET BOOK VALUE||||
|At 31stDecember 2022||||
|At 31stDecember 2021||61 024|61 025|
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|Nature ofb|usmess: Hire oflocomotives|||||
|---|---|---|---|---|---|
|||U/||||
|Class ofshare:||hot|dmg|||
|Ordinary|||100|||
|||||31.12.22|31.12.21|
|Aggrcgatc
capital and rcscrvcs
Loss for the year||||(3,820)
~325|(3,495)
~359|
|STOCKS||||||
|||||31.12.22|31.12.21|
|Stocks||||~37055|~36 125|
|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE|||YEAR|||
|||||31.12.22|31.12.21|
|Trade debtors||||9,474|14,864|
|Amounts
owed by group undertakings||||3,182|3,110|
|VAT||||7,639|9,707|
|Prepayments|and accrued tncome|||187,864|17,857|
|GIBaid||||5 663|8 108|
|||||213822||
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|CREDITORS:|AMOUNTS FA|LLING DUE WIT|HIN O|NE YEAR||||
|---|---|---|---|---|---|---|---|
|||||||31.12.22|31.12.21|
|Bank loans and|ovcrdrafts (sccnote 18)|||||2||
|Trade creditors||||||124,587|49,812|
|Social security|and other taxes|||||16,597||
|Other creditors|||||||100|
|Accruals
and deferred mcome||||||~35842|17,170|
|||||||177U28|67.U82|
|LOANS||||||||
|An analysis ofthe maturity ofloans is given below:||||||||
|||||||31.12.22|31.12.21|
|Amounts
falling|due ivithin one|year on demand:||||||
|Bank overdraAs||||||||
|MOVEMENT|IN FUNDS|||||||
||||||Nct|Transfers||
||||||movement|between|At|
||||At 1.1.22||in funds|funds|31.12.22|
||||||f.|||
|Unrestricted
funds||||||||
|General
fund||||694,325|201,049|(242,722)|652,652|
|Designated
fund||||30 tltltl||3tlotltltl|33tl00tl|
|||||724,325|201,049|57,278|982,652|
|Restricted
funds||||||||
|Restncted|||2,095,305||(156,606)|(57,278)|1,881,421|
|TOTAL FUNDS|||2|819630|44443||2 864073|
|Net movement|in funds, mcluded|in the above are as|follows:|||||
||||Incoming||Resources|Gains and|Movement|
||||resources||expended|losses|in funds|
|Unrestricted
funds||||||||
|General
fund|||1,11'1,417||(936,176)|19,808|201,049|
|Restricted
funds||||||||
|Restricted||||109,212|(265,818)||(156,606)|
|TOTAL FUNDS|||1226 629||~3203 994|19 8tl8|44,443|
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||||||||||||Net|Transfers||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||movement|between|At|
||||||||At||1.1.21||in funds|funds|31.12.21|
||||||||||||f|||
|Unrestricted||funds||||||||||||
|General
fund||||||||345,477|||381,145|(32,297)|694,325|
|Designated||fund||||||||||30,tl00|3000tl|
|||||||||345,477|||381,145|(2,297)|724,325|
|Restricted|funds|||||||||||||
|Rcstrictcd||||||1,841,750|||||251,258|2,297|2,095,305|
|TOTAL FUNDS||||||2||1N|227||632 403||2 N19 630|
|Comparative||nct movcmcnt||in funds, included|in thc above||arc||as follows:|||||
||||||||||||incoming|Resources|Movement|
||||||||||||resources|expended|in funds|
|Unrestricted||funds||||||||||||
|General
fund|||||||||||633,210|(252,065)|381,145|
|Restricted|funds|||||||||||||
|Restncted|||||||||||482,705|(231,447)|251,258|
|TOTAL FUNDS|||||||||||1 116913|~483 \123|632013|
|A current year 12 months|||and poor year 12 months|||combmed||position||is as|follows:|||
||||||||||||Net|Transfers||
||||||||||||movement|between|At|
||||||||At||1.1.21||in funds|funds|31.12.22|
|Unrestricted||funds||||||||||||
|General fund||||||||345,477|||582,194|(275,019)|652,652|
|Designated||fund||||||||||330tltl0|33000tl|
|||||||||345,477|||582.194|54,981|982,652|
|Restricted|funds|||||||||||||
|Restricted||||||1,841,750|||||94,652|(54,981)|1,881,421|
|TOTAL FUNDS||||||218|||227||676846||2 814tl73|
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||||Incoming|Resources|Gams and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|Unrestricted
funds|||||||
|Gcncial fund|||1,750,627|(1,188,241)|19,808|582,194|
|Restricted
funds|||||||
|Restricted|||591,917|(497,265)||94.652|
|TOTAL FUNDS|||2 34
544|~36655tl6|19 4tl4|676,846|
|Restricted Funds:||Balance b/fwd|Income|Transfers|Expenditure|Balance c/fwd|
|Pannier Fund 7754||7,957|||(7,957)||
|Engine Shed||25,000||||25,000|
|Wagon Fund||550|||(110)|440|
|Corwen Extension||1,447,865|||(41,370)|1,406,495|
|Flail Appeal||6,239|||(624)|5,615|
|Investment
('t.'RD —revenue||61,024
61,602|52,634|(61,024|(57,459)|56,777|
|CCRD —capital||32,061|||(940)|31,121|
|Full steam ahead|fund|143,388|||(154196)|128,192|
|WCRF Phase 2||137,583|||(137,583)||
|Corwen canopy DCC|||55,192|9,209||64,401|
|Grant
—platform|project|172,037|1,386|(5,463|(4,580)|163,380|
|||2,095,305|109,212|57,278|~2654794)|1,881,421|
|CAPITAL COMMITMENTS|||||||
||||||31.12.22|31.12.21|
|Contracted
but not provided||for in the financial
statements|||96601||
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