SITTINGBOURNE AND KEMSLEY
LIGHT RAILWAY LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
Registered Company No.. 01036616
Registered Charity No: 1057079

STrrINGBOURNE AND KEMSLEY LIGHT RAILWAY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
INDEX
Report of the Trustees / Directors
Independent Examiner's Report to the TTh￿teeS
Statement of Financial A¢tivities
Balance Sheet
7-12
Notss to the Financial Statements

SITTINGBOURNE AND KEMSLEY LIGfff RAILWAY L]MITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
Page I
The Thistee/Directors submit their report togelher with the unaudited financi81 statements for the year ended 31st DecemLw 2024
ectIV￿ and Aetlvlties
The Charity is primarily engag¢d in the advan¢ement of the education of the public by th¢ establishment and preservation of a working
narrow-gauge heritsg¢ railway.
Aehievements and
rformance
Donations and grnnts were achieved to supportthe on80ing work on Project SitttD8bourne and to enhance our machine shop equipmmt
so that we caD undertake more WOTk in-house to speed up our ovethau]s.
A major legacy w&s r¢¢eived during Febrnary and Octob4Y 2024 from the estate of a supporter and totalled £84,203. This was an
opportun¢ time as it coincided with the need to conmiission a new boiler for the ovethaul of Melior. This is Dearing COD]pletion An
August 2025 and should rekn to Kern￿eY Down shortly for her ongoing overhaul alongside Superb.
A$ planned, Phase 12 of tbe Vladuct Conservation PtDgramme funded ond canied out in early 2024. Phase 13 is currently b¢ing
defmed and is planned to be Undertaken in early 2026.
Leader is prominently located in the entrance hall of the I:1 museum collection in the fornier Hornby works at Margate. She is safely
stored alongside her sister, the standard gauge P ¢lass"Pione¢r li", as she safely waits her tiirn for overhaul.
The con5tNctlon of Sittingbourne Viadu¢t new platforn and the tidying up of the ststion area and the Booking Office was complel¢d
in time for the start of th¢ 2024 Season.
05t Bal
ce Sheet Events
The volunteers of the railway have ¢onttnued to contribute considerable time andeffort toward5 maintaining ond developing the railway
for the benefit and education of the public. Considerable'behind the scenes" work continues to take place to estsblish a Secure future
for the raTlway as a key part of the regencration of Sittingbourne and Milton Regis. The future of th¢ railway requires ongoing and
active support from our members and any who have not actively participated before are Strongly invited to contsct Officers listed in
"The New Bogie" to support the Cbarity and to share ihe enjoyment. Production of"The New Bogie" relies upon members and othcrs
to supply materials including articles, photographs and inforn)ation to the Editor.
Good relations continue with Swale Borough Council although the further development of Milton Creek County Park is pro8ressin8
very slowly. The upgrading of Milton R¢8is (Asda) Station will be revlewed in the future followin8 a clarifi¢ation of fijrther
development of the Country Park.
Refurbishmont of Sittingbourne Booking Office was completed b¢fore Easter 2024, together with signific8nt major maintsnance to the
Footplate Café and Souvenir Shop at Kernsley Down. The new Museum was opencd after conversion from Santa'g Grotto but there is
still work to be done to complete a historic and infornjative display for our visltors and members.
The extra catch up Phose 12 of the via¢Jiict CfJnJRerv*tlon b•for* W• op•rted JXM•z•r 2044.
Tn• k>oord has rw¢lvNI
¢oJktlrniatlon thai th¢ nexr Pb&se ¢an be scheduled for the wintsr of 202516 in order that we Can plan accordingly.
"Beaf, left us for Quainton Road Musetun in the Spring as a prelimltiary to allow the start of reorganisation of Kemsley Down and
"Unique" then joined Nol for a new display of Bowatsr fweless locomotives.
We were happy to join DS Smith pl¢ in celebrating the Centenary of Kemsley Paper Mill in July 2024. Melior played an active part in
the Celebrations &$, together with Unique. she shared her Centenary with the Mill. Premier operated 'The Bogie" for DS Smith plc
guests and retired stsff in conjunction with ¢enttnary guided tours of Kemsley Paper Mill.
The Trnstees are confident that we will contiuue to be able to deliver a safe &Trd popular product to enhance our support for the aims
and objectives of the Charity.
Inancial Revlew
The railway has adequate reserves to continue as a going concern until the end of the 2025 operating season and the TTUStee DirectOTS
are actively ¢xploriD8 additional fundiug sources to help to deliverplanned developments intendedto smprove our visitors. experiences.
Tncome for the year was £187,789, an increase from £101,934 in 2023. Expenditure for the year was £126.676 an in¢rease from
£110,925 in 2023 as a result of extra mailltenance works being undertaken to catch up with conservation of Milton Regis Viadtsct
tollowing deferral due to Covid together with Project Sittingbourne works. Overall, the charity made a profit of £61.113 against a loss
of £8,991 in 202).
The net asset position of the cbarity has incre&8cd from £50.143 to £1 11265. See note OJJ the Rwerves poJi¢y below.

SITTINGBOURNE AND KEMSLEY LIG￿[ RAILWAY LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 2
Resenres Poli¢
The Charity relie5 upon CU￿e￿ttradlng iucome forthe fvlfilmentofits objk*ive& Certain historic reserves are identified in the financial
5tatemellts. There are no restsirtiolls upon the use of fi￿d$ in furth¢rance of the CbarAty'S aims.
Unrestricted fi￿dS at the ye8r-end amounted to £19.333 {2023 - £26.544)
Designated funds at th¢ year-end amounted to £91.932 (2023 - £23.608) as set (￿t in note 9.
Total ￿ndS as at 31 December 2023 were £111265 (2023- £50,152).
oi
The investment in key proje￿ during 2023 and i)ll into 2024 has given the TNstees ¢onfidence that the investment will protect the
Charity as a going concern as described itt th¢ Post Balance Sheet Events above. The Trustee$ ar¢ satisfied that these accounts are
Correctly prepared on a golag Concern basis.
Future P
ri
The Trustees and the Charity are committed to the ¢ontinuin8 preservation and presentation to the public of the fonner Bowater's
narrow-gauge industrial railway. Frnm reference to the section "Going Concem" above it will be understood that the Trustees are
developing long tenn plans at thi8 time and a presentstion will be given at the end of this Mecting.
Str
ctu
Constitutlon
Th¢ Company was registered as a Charity on 25th July 1996. The Charity is a Company Limited by Guarnntee and is re8lSter¢d by its
Memorandurn and Articles of Association.
en
Trust¢e DAr¢ctors and theAr appofntment
The Charity is limited by guarantee and has no Share C2Pital. Each Tru8tee 1$ liable to contribute a suin not exceeding £1 in the event
of the Charity being wound up while they are members, or within one year of Cessation of being a member.
It is managed by a Bokrd of Trustee Director& Two are appointed by virtue of their office (Finance Manager and Managing DiTeclor)
and the remainder are elected in rotation in accordance with the Charity's Articles of Association. There no employees. the CbarAty
being operated entirely by volunteers.
At the Annual Genernl Meeting held on Saturday 16th August 2025. Paul Vincent Best reSi￿¢d in accordance with Clauses 30 and 31
of the Charity's Articles of Association and was re-elected.
Triistee indijetion and trglnln8
Most Trustees have already been familiar with thè Charity throu8h hdvia6 avry￿ volunte¢rs or servlce In tha local conununity. New
Tn￿teeS are briefed on tbew legal obligations urAder charity and company law, the content of the Memor4ndurn and Articles of
Association, the Board and decision-making processe5. recent financial p¢rfomiance eud futurn plans.
Trustee DlrectorB and thelr Interests
No contrart exists with a Company in which a Trustee Director or their immediats family b&8 an interest.
Rtsk management
The current and anticipated risks to the Charity are reviewed by Trustecs at their regujar meetiDg5. The Charity is subject to especial
risks due to the nat￿ of its railway operations aod Consideratioll ofth¢se risks is aided by active Djembership of the Heritage Railway
AssocÉation and regulatory bodies.

SITTINGBOURNE AND KEMSLEY LIGHT RAILWAY LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEKBER 2024
Page 3
Referenee and Admlnl$
Com
istered number
tsi
01036616
istered cherk
J057079
tered o
51 Russell Drive
Whitstable
Kent
CT5 2RG
ent Examine
P. Haining E4.. FCA, KSDg8 Mill Practice
Natwest pl¢
Sittitigbourne
Kent
MEIO 4EQ
tee
The Trustee Directors of the Charity during the period and thereafter are as follows..
Elerted Trustees
Paul vIn￿nt Best
Paul Andrew Williams
Elizabeth Margaret Full¢r
Daniel Colin Mor¢y Shaw
Truste¢s by virtue of Office
Finance Manager
John Reginald Full¢r
M8naging Dtrector
VawACy
The eomwy S¢cretary of the Charity during the period and thereafter is Nicholas Guy Widdows.
T stees, R
Iltl 5 Relatlon to the Financi
tatemen
The Trustees (who are also directors of Sittingbourne and K¢msley Light Railway Limited for the purpose of company law) are
Tesponsible for preparing the Truste¢s' report and the financial stat¢ments In accordance with applicable law and United Kingdom
, Accounting Standards (United Kingdom Generalty A¢cepted Ac¢ountiDg PTaclice).
Company law requires th¢ Trustee Directors to prepare financial statements for each fmancial year. Under company law the
TrustcelDirectors must not approve the fll)ancial $tat¢ments Unless they are satisfied that they give a true and fair view of the state of
affairs of the charitable company and of the incoming resouwes and appltcation of resources, including the income and expenditure, ot
the ¢haritable company for that period. In preparin8 these financial ststements, the TNstees are required to:
•èl¢¢t ouiiublo a¢¢ounlins poliri¢J wid apply Ujriii wn3lswiitly>
observe the methods and principles of the Charlties SORP 2015.
make judg¢m¢nts and ￿COUntIng estimates that are reasonable and prudent
prepar¢ the financial statements on a going ¢on¢ern basis unless it is inappropriats to pre8UEne that the charity will Continue in
operation.
The Trustees are responsible for keeping ad4uate atcounting records that are sufficientto show and explain the charitsble company's
transactions and disclose with re&sonabl¢ accuracy at any time the fjnaDcial position of the cheritable company and enable them to
ensure that the fmancial ststements comply with the Companies Act 2006. They are also ￿SpOnsible for safeguarding the assets of the
charitable co]np8ny and hence for taking reasonable Steps for the prevention and det¢ction of fraud and other ikTegularitie
lil preparing this reporL the Tntstees have tak¢n advantage of the small companies exemptions Provided by se¢tion 415A of the
Companies Act 2006.
This report was approved by the TTr￿ee3 on 13 Septsmber 2025 and signed on their behalf by:
N C Widdows
Company Secretary

. REPORT OF THE IIYDEPEIYDENT EXATrtINER TO THE TRUSTEES OF
11
SITTINGBOURNE AND KEMSLEY LIGHT RAILWAY LTrIITED
FOR THE YEAR ENDED 31st DECEMBER 2024
Page 4
I report on the financial statements ofthe charitable con)pany for the year ended 3 1st December 2024.
This report is made solely to the charity's trustees, &8 a body, in accordanc¢ with section 145 of the ChaTities Act 2011 and regulations
made under section 154 of that A¢L My work has been undertaken so that I migbt stste to the charity's trustees those matters I am
required to state to them in this report and for no other purpose. To the fullest extent perniitted by law. I do not accept or assume
responsibility to anyone otherthan the charity and the charity's trnstc¢s as a body. for my work. for this report or for the opinions I have
forn]¢
RESPECTIVE RESPONSIBILTTIES OF TRUSTEES AND EXAMtNER
The charity's tnistees (who are also the directors of the ¢ompany for the purposes of comp8ny law). are responsible for the preparation
of fmancial statements. The tn￿tee$ consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011
(the ?01 l AcV} and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit Under company law and is eligible for independent examination. it is my
responsibility:
to examine the flljancial statements under section 145 of the 2011 Act.
to follow the procedures laid down ID the General Directions given by the Charity Commission under section 145 (5) (b) of the
2011 Act. and
to state where particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination in¢ludes
a review of the accounting records kept by the charity and a comparisoll of the financial statements presented with those records. It a150
includes consideration of any unusual items or disclosures In the financial statements and seeking explanations from you as trustees
con¢erning any such matters. The procedures undertaken do not provide all th¢ evidence that would be required in an audit, and
consequently no opinion is given as to whether the financial statements present a True and fairf view and the report is limited to those
matters set out in the statement below.
INDEPENDENT EXAMINER'S STATEMENT
tn connection with my examination, no matter has come to my attention:
(a) which gives me reasonable cause to believe that in any material r¢spect the requirements .
- to keep accounting records in ac¢ordan¢e with section 386 of the Companies Act 2006: and
- to prepare fmancial statements whi¢h accord with the accounting records and to compIy with the accounting requirements of
section 396 of the Companie5 Act 2006 and with methods and principles of the Statement of Recommended Practic¢
Accounting and Reporting by Charities have not been met, or
(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of th¢ fllwicial ststements to be
reached.
PETER HAIN￿G
Pet¢r Haining FCA
The Kings Mill Practice. Chartered Accountants
Horns Lodge
Meres Lane
Cross- in-Hand
Heathfield
East Sussex TN21 OTY
Date . Ib September 2025

SITTINGBOURNE AND KEMSLEY LIGHT RAILWAY L]MITED
STATEMEiYf OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER2024
Page 5
Designated
Unrestrkted
2023
Note
INCOME FROM:
aritsble activities
Members, Subscriptions
General donations (inc. Covid Grdnts)
Designated Fund WJ)come:
Legacy 2024
IA¥comotlve Restoration
ETJgineering Equipztk¢llt
Museum Fund
SOS Appeal donations (inc. Viaduct)
Project Sittingbourne (Phase 3)
4417
&498
4A17
8,498
4,879
3.530
84203
3,328
3,575
2,062
2,000
18,712
1085
9,812
3,782
1,874
4,834
6,160
2,062
2,000
1&712
Ti¢ketsl Special Trnins
Publications and Souvenirs
Refreshments
Steam and Beer Events (Net)
Christmas Op¢nKng
en
Bank interest received
33,176
6,742
14399
331
5a95
33,176
6,742
14J99
331
SJ95
35.678
5,919
16,031
2,286
7.139
582
582
10
Sundry
Total
369
75,294
369
187,789
112.495
101.934
EXPENDITURE ON:
Cost of Sales
Operating Costs (Comm. + Eng.)
SOS Appeal Expenditure (inc Viaduct)
Sittingbourne Security
Project Sittingbourne
Suppon costs
Independent examiner5 fee
14,046
29,336
14,046
56,139
21J15
15,805
48,397
17,535
26.803
21 J15
15J68
15a68
17,808
2,000
12,647
15.111
1,430
17W8
2,00(1
Total
126 676
110925
Net Movem¢nt In Fuods
49,009
12,104
61,113
(8,991)
Transfers
19JlS
(19J15)
RECONCILIATION OF FUNDS:
Total fifftd5 brought forward
Totsl funds farrled fonvard
91.932
19J33
111,265
50,152
All transactions are derived from ¢ontinuing activitie&
All recognised gains and108s¢s included in the stot¢tnent of financial a¢tiviti¢s.

SIThINGBOURNE AND KEMSLEY LIGHT RAILWAY LJMITED
(Registered Number 01036616)
BALANCE SHEET AS AT 31 DECEMBER 2024
Page 6
Nots
2024
2023
FIKED ASSETS
Tangible Assets
CURRENT ASSETS
Stocks
Debtors
S004
1ffj91
4,039
729
Loan to SKLR Heritage
(RepayabEe iu more than l year)
Cash in hand and in bank
1,000
105,562
113357
51,743
CREDITORS (amounts due within one year) 8
NET CURREwf ASSETS
Iii
57
50,143
TOTAL ASSETS less CURRENT
LIABILITIES
iii
UNREsT￿cTED CHARITY fuNDS
Designat¢d Futtds
General Funds
91.932
19
23,608
TOTAL FUNDS
JlJ.265
The company's fmaneial statements have been prepared in accordance with the special prnvisions applicable to companies subject to
the Small companies regime of the Companies Act 2006.
The Trustees consider that the ¢ompany is entitled to exemption from the requirement to have en audit under the provisions of section
477 of the Companies Act 2006 ("the Act") and members have not requir￿ the company to obtain an audit for the yw in question in
accordance with section 476 of the Act.
The Trn5tees acknowledge their responsJl)ility for complying with the requirements of the Companies Act 2006 with respect to
accounting records and the preparation of the fman¢Aal statements.
The fman¢ial statements were approved and authOriS￿ for issue by the Trustees on 13 September 2025 and signed on their behalf by.,
¢v.QL
PA Wllllams
Thistee Director
Trustee Director
The accompanying notes forni an integral part ofthese financial statements.

SITTINGBOURNE AND KEMSLEY LIGHT RAILWAY LIMITED
NOTES TO THE FINANCIAL STATEMENrs
FOR TItE YEAR KNDED 31 DECEMBER 2024
Page 7
A¢counthig Polleks
1.1 BASIS of AccountlDg
Sittingbourne and Kemslry Light Railway Limited is a company limited by guaTantee in the United Kingdom. In the event
of the cbarity being wound up, the liability in respert of the guarantee is limited to £1 per member of the charity. The
address of the registered officc is given in the charity inforn)ation on page 3 of tbese finartc1￿ 5tatsments. The natlre of
the charity's operations and principal activihes are set out on page l.
The chartty constitutes a public ben¢fit entity as defined by FRS 102. The fmancial statements bav¢ been prepared in
accordance with Accounting 2nd Reporting by Charlties: Ststement of Recornmended Practice applicable to charities
preporing their accounts in accordance with the Financia] Reporting Standard applicable in the UK (FRS 102), the
Finallcial Reporting Standard applicable in the United Kingdom (FRS 1021 th¢ Charities Act 2011, UK GeneTally
A¢cepted Pradice as it applies from l January 2015 and the Charity SORP (FRS102) am¢nded for Update Bulletin l.
Tho financial statements are pr¢pared on a going concern basis under the hfistorical cost convention, modified to include
certain items ai fair value. The financial ststements ar¢ prepared in sterlin8 which is the fimctional oU￿¢ll¢Y of the ¢barity.
The significant accounting policies applied in the preparation of these financial statements are set out below. Th¢se
policies have been consistently applied to all years presented unl¢$s otherwis¢ sta*
Th¢ presentation and functional CLureDCy are in British £ and have been rounded to the nearest £.
1.2 Fund 8¢eountlng
General funds ar¢ unrestricted funds which are avallable for use at the discretion of the Thstees in furtherance of the
general objectives of the company and which bave not been designated for other purpose&
Designated funds comprise unrestricted funds that have Iwi 3et aside by the T￿stee5 for particular purposes. The aim and
use of each designated fimd is set out in note5 to the financial statements.
IJ Tanglble fixed 2$5¢ts and depreelatlon
Tangible ￿￿ed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the ¢ost of
fjxed assets, less their estimated residual valu4 over their ¢xpe¢tsd useful lives on the followtng bases:
Buildings
20% on written down value
Rolling Stock
20% on cost
Sundry Plant and Equipment
7.5Vo on Cost
20% on ¢oot
F.l•ctronic Equipment
1.4 1neom¢
All income included in the Statement of Financial Activities when the company is legally entitled to the iDcome and the
amount can be quantified with reasonable accuracy.
1.5 Expenditure
All expenditure is accounted for on an accruals bgsis and has been included under expense categories.
Support costs are those costs incuryed directty in support of expenditure on th¢ objects of the charity. Governaoce cogts are
thos¢ incutted wilh admillistratioll of the charity and ￿mplianCe with constitutional aDd ststutory requirements.
Costs of rnising funds are costs incurred in attracting volulltary incom4 and those incutt¢d in trading activitles that Taise
nds.
Charitable activities and Governance costs are costs inCu￿ed on the cornpanys operation4 includiTrg support ¢05ts and
costs relating to the governance of the Company apportioned to charitable activities.
1.6 StoclL4
Stocks are valued Jt the lower of cost and nel realisabl¢ value after making du¢ allowaDce for obsolete and slow-moving
stocks.

srrTINGBOURNE AND KEMSLEY LIGET RAILWAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 8
1.7 Debtors
Trad¢ and other debtors ar¢ measur¢d at transaction price less any impainneot unkss the arrangement co]tstitutes t
fmancing transaction in whtth case the transaction is rneasu￿d at the present value of the future rxeipts discounted at the
prevailing market rate of iuterest . Loans are initially measured at fair value and are subsequently measured at amortised
cost using the effective interest method less any impairment.
13 Creditors
Trade and other creditors measured at th¢ir traI￿tiOn pri¢¢ Unless the arrangement constitutes a financing transaction
in which ¢ase the transartion is measured at present va]ue of future payrnents di5¢0unted at prevailiDg market rnte of
interest. Other financial Itabilities are initially measured at fair valu¢ net of their transa¢tion costs. They are subsequcntly
measured at amortised cost Using the effe&iv¢ intere* method.
1.9 Judgements and key sources of thlmatlon uncertalnty
Accounting estimates and judgements are ¢ontinually evaluated and are based on bistorical experien¢e and oth¢r factors,
including expectations of future ¢v¢llts that ar¢ believed to be r¢asonable under th¢ ¢ir¢umstance5.
The following judgements (apart from those involving estimat¢s) have been made in the pro¢ess of applying thè above
&c¢ounting policies that have had the most significant effect on amounts recogDised in the financial statements:
Useful economic lives of tangible assets
The annual depreciation charge for langible assets is sensitive to changes in the ¢stimated usefiil ewT]omi¢ lives and
residual values of the assets. The useful economic lives and residual value5 are re-assessed annually. They are amended
when necessary to reflect current estimates. based on technological advancement, futtEre investment4 economic utilisation
and the physical condition of the a55ets. See n0* 5 for the ¢arryin8 amount of the propety plant V4nd equipment #nd note
13 for the use￿1 ewnomic lives for each cl&8s of assets.
rhere arc no key assumptions conceming the future and other key sources of estimation unoertainty at the reporting date
that have a significant risk of Causing a material adjustment to the Carrying amounts of assets and liabilities within the next
financial year.
1.10 Golng coDeerD
The fmancial stsfrments have been prepared on a going concern basis as the trustees believe that no mat¢rial unc¢rtainiies
exist. The trustees have considered the lev¢1 of fimds held and the cxp¢cted level of income and expenditure for 12 months
from authorising these flllallcial stst¢ments. The budgeted income and expenditure is sufficient with the level oFreserves
for the charity to be able to ¢ontinue as a going concern.
Cost of sales
2024
2023
Trknbli￿tiOlls and Souveni
Rofreshments
1733
&178
4.162
7.821
Christmas Opening

SITTINGBOURNE AND KEMSLEY LIGwf RAILWAY LtN(rrED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAREM)ED 31 DECEMBER2024
Page 9
3. Operatlng costs
2024
2023
Commereial Department costs
Retail - Catering Equipment
Retail- Staff Catsring
Retail . Sundry
Operating - Operating Manager
Operating- Motive Power
Operating- Stetions / Londs¢Aping
Marketing- Leaflets, Posters ¢t¢
Marketing- Advertising
Marketing- PR and Sundries
237
572
948
495
915
1.200
10.116
1,548
5205
2,138
2,077
1,649
405
250
7J28
20,427
Englneerlng Department Costs
Locomotive Engineer
Locomotive Restoration Funds (Allocated Funds)
Carriage and Wagon ED8iDeer
Engineering Equipment (Allocated Funt15)
Legacy 2024 (Allocated Funds)
Permonent Way Engineer
Buildings Engineer
Utilities Engincer
Signals Engineer
2,889
4,793
3,298
4,064
18,000
13,375
772
1,600
20
1,890
9,147
2.996
965
,663
1,686
2,587
36
48,811
27.970
TOTAL
56,139
48,397
Support Costs
2024
2023
ScGurity (Tnc. Fir¢￿PE/1- Aid)
Editor
Managing Directcflcompany se￿ D¢p8rtments
Insurance
Depyeciation
Bank Clwges
Curator
Education
HOPS softw￿ Ltcence
Sundries
1*8¥
2,152
655
6,844
1,270
9.074
1392
809
498
765
1,186
103
765
17,808
15,111

SITTINGBOURNE AND KEMSLEY LIGHT IL41LWAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 10
T¥Dgible Flxed Assets
Bulldings
Rolllng
Stoek
Eleetronk
Equlpment
Plant and
EqulpmeDt
Totsl
cosr
At l ]￿Uary 2024
DEPRECIATION
At l Janiiary 2024
Charge for the year
At 31 December 2024
6.443
14,000
6,453
9,796
36,692
6,444
14,000
6,453
9,796
36,693
NET BOOK VALUE
At 31 DECEMBER 2024
At 31 DECEMBER 2023
Stock8
2024
2023
Publications and Souvellirs
Refroshments
Christmas Presents
4,060
391
553
2,657
639
743
Debtors
2024
2023
Value Added TLY
1.691
729
Ih91
729
Creditors (amounts falllng due witbln one year)
2024
2023
Indq)endent examiner'5 fee

SITTINGBOURNE AND KEMSLEY LIGFrr RAILWAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECKMBER2024
Pagell
Statement of fuDds- current year
BAlanee
at
IJ&D24
Balanee at
31J)eG24
Income
Expenditure
Transfers
Ullrestricted fund
General fund
75
D¢slgnatsd funds
SOS Appeal Donations inc
Viaduct Repairs
Legacy 2024
Locomotive Restoration
2,000
84203
1.943
18.712
3.575
2,062
(21,315)
(18,000)
(4.739)
(15.368)
(4.064)
(o)
19J15
66,203
16,121
3,344
2,328
3,936
18.917
Project Sitttngbourne(Pha8¢ 3)
Engineering Equipment
Museum Fund
2.817
1,874
23.608
l12.495
(63.486)
l9,315
91,932
TOTAL FUNDS
SO,152
187,789
(126ffj76)
111,265
Balan¢e
#t
lJan.23
Statement of fuDd$- prior
year
Bglonce At
3j.D￿23
Income
ExpeDdlture
Traosferl
Unrestrl¢ted fund
Gencral fund
Deslgn8ted fund5
SOS Appeal Donations inc
Viaduct Repairs
4.770
4.834
(17,535)
7.931
Locomotive Restoration
18,252
9,812
(9,147)
18,917
Project Sittingbourne(Paase2)
Engineerh)g Equipmellt
3.949
6,160
(12.647)
2,538
3.782
(965)
2,817
Museum Fund
1,874
(o)
1.874
26,971
26.462
(40294)
10.469
23.608
TOTAL FUNDS
59,143
107,074
(116.065)
50,152
Desigllated funds
Ifundf
rvi
duct and
rre
Itis consideredP￿delltt0 make provision primarAly for matD*nance of Milton Regis Viaduct which is underthe oversight of a qualified
Consulting Structural Engineer. An oDgoillg matnt¢nance programme for this IO0+ year old structure r¢quires investment of
approximately £20.000 every two years and allocation of funds reqUI￿S more than one financial period. Funds can also be used for
other major Tepairs as considered appmpriate by the Trustees.
otlve and
estoratlon
Major overhaul of the Railway's operational steam lo¢omotives is generally r¢quired every ten yG4rs and it ts therefor¢ necessary to
raise funds and to make Provision forthis work over a long period. Passenger Coaches also need paiodic major overhaul.
etttral fund
Thi8 fund Tepresents thc Ch￿lty's availabl¢ assets to spend on charithle activities after allowing for a suitable level of reserves.

SITTINGBOURNE AND KEMSLEY LIGHT RAILWAY LIMTTED
NOTES TO THE FINANCIAL STATEMEiYrs
FOR THE YEAR ENDED 31 DECEMBER 2024
Page 12
10. Staff eosts trustee remunerntlon
During the period no Trus*esreceived any remuneration.'bén¢ftts in kin(I norhad any expensesreimbursed (to 31112r2023- £nil).
All slaff are volunteers and therefore staff costs are Nil both for 2024 and 2023.
11. Company Llmited by Cuarantse
The Charity is limited by guarnntee and accordingly has no share capitsl.
The liability guaranteed by each trustee is £1. At 31 December 2024 there were 4 trustees.