Company regi5rrntTron number.. 03299431
Chan"ty registration number. 1060193
Devon Diesel Society Limited
(A company limited by guarnntee)
Unaydited Annual R¢pon and Fioan¢ial Swemertts
for thc Year Ended 31 D￿ember 2022
Peplows Limiied
Chartered a¢counthnts
Moorgate House
King Street
Newion Abt4)t
Devon
TQ12 2LG
111111
1111
*AC48ZSIIT4
1W0812023
COMPANIES HOUSE
A07

Devon Diesel Society Limited
Contents
Reftrence and Administrdtivc Detsils
Tn￿tres, R¢pon (Including Di￿¢10￿. ryort)
2to4
Independent Examincrf5 Report
SraE¢ment of Fioancial Activilies
Balance Shtet
Notes lo the Financial Staiem¢n
8t0 16

Devon Diesel Society Limited
Reference and Administrative Details
TTUStees
Mr J K Morton
Mr R A Evans
Mr I S Mills
Mr D Martin
Mr K D Atkinson
Comp•ny sttret8ry
Mr D Martin
Prineip*l Office
78 Brarttwood Prive
Pajgnton
Devon
TQ4 SHY
Company Registration Number
03299431
Charity Regislr*lion Number
1060193
Page I

Devon Dlesel Society Limlted
Trustees. Report (including Dfirettors. report)
The Tn￿te¢S pres¢nt their r¢FKJrt and the unaudited finan¢ial sthiements of the c￿rity for the year ended 31
December 2022. The ttusiee5 have adopte4J the provision5 of the SiatemMt of Recornmended Prnctice (SORP)
"Accounting a￿1 Reporting ty Clw"Ities- in preparin8 the 4nnual report and financial $￿ements of the cbarity.
The tnLStees, who are directors for the purposes of company law. preseni the annual report together with the
financial stat¢m¢Thrs of the chariiabl¢ cornpany for the year ended 31 December 2022.
Tr•sttts
Mr J K Morton
MT K D AtkiiL80tt
Mr R A Evans
Mr I S Mills
Mr D Martin
Stru¢hr< goverts*nee and m*n*%emeHI
Th¢ charity is Gontrolled by its govemitsg docutnts( a MeTr￿)rand￿M of associatioo and constilute5 a limittd
Compally, limjted by guaTatLtee, as d¢fin¢d by the Companies A¢t 2006.
The cornpany was incorporated on 6 January 1997 and rc8is*rcd a5 a charity on 16 Jartll￿ 1997.
The liability of full member5 of the charity is art ttndcrtakirtg to corttribut¢ to the ass¢t$of th¢charttsble company
in the evenl of li b¢in¥ wound up. while a member. or within one year of ctasing io b¢ a member, a sum not
cxcceding on¢ pound.
RecrMibNentoMd appoirtimenl oftru5tses
Th¢re should b¢ a minimum of thr¢e trustees at any time. but theTe is no maximum. A (hird of trustee5
ailtomatically retire at ¢very AGM but may be reappoiThled if they wish to continue. New truste¢s must bc
recomrn¢ndeJJ by existing trustees and must b¢ ai leasl 18 Y￿15 01
Tn￿1￿$ are ￿1 remuneTated.
OYgonisetioNdslrnclMre
The Chartly is not part of a group.
The tnL5t¢¢s meet at le&4 three tirncs a yearto di5cussprogr¢s5ion against objertives andto fom)ulate fijture plans.
Pagc 2

Devon Diesel So¢iety Llmited
Trustees. Report {including Directors, report)
obj￿¢1¥e5 xfti¥itie5
Objects ainss
The Charity's objectivcs are to advance the education of the public in the history and development of rdilway$
and locomotion by thepreservation of diesel lo¢Omotiv￿. rolling sto¢k aml other equipment and i*m¥
Th¢Chanty ¢LLrrtritlyown$ thF¢e lo¢omoiiv¢s. Clas$ 50 D402. 37 D6737 andClass04 D2246. The company
also owns a I￿) year old fonner Greai Wes*rn B2ilway t￿1 VaD. a Rec Tknk flat bEd rail vehicle and a Siphon
'[" goods vchiclc.
There have been no changes in the Charity's obfflives since the report.
Any sU￿lUS geTher￿ed by its activjties is applied to its charitablt purposes.
The aims of the Charity are to preserve the long terni fi]thrt of the rolling stwk and to provide mefflb￿ of the
public with cducaiional infonDalioTr Tr learn I￿￿1 thc mainlcnan¢c aThJ ￿￿0￿11(}￿ of locomolives and rolling
stock.
Objectives 51r4legies And&clivilies
The Charity rdises fund5 Predorninantly by nmnin8 vafiDUS bccr ftstiv81$ on the South Devort Railway, and ¢he
rEceip¢ of regular subscriptions_
P#hlic b¢nefil
Educalion of th¢ public in the mainienance and the runnin¥ of ihe l¢xotnotiv&.
The irusiees confrn thai they have complied with the wuitements of stttion 17 of the Ctwitics Act 2011 ¢0
have due regard to the public benefii guidance w￿lish￿ by the Ch¥ity Cornmission for England and Wal¢s.
Granl •Kolringpolicies
The Charity can use 5wpIu5 unrestric*d fi￿d$ to mak¢s to other i)[8ati1￿￿o￿s if suGh applications ore in
accordance with the objectives of ihe Charity-
The Charity rteeives the beDefit of volunteer 5crvice5" these art not vthed ill the accounts as this cannoi be
quaniified.
Tbe volunteers fill wious roks. such ¥ vehi¢l¢ rtsioration and D)aintenaTrce and a55i$ling with fund rai5in8
All of th¢ Board of Trus*es ar¢ volwiteers.
Achi¢vemeRts 4nd￿￿on￿On<¢
During the yeai the rhariry mad¢ a surplu51(defJcit} from ￿nd raisin8 tvents of£1 3.32712021 ~£5,311) and had
chatiiable expenditsue of £49.091 (2021- £41.480). The defi¢ii for the year wa5 £28.597 {2021 £28,353). The
deficit was planned 35 the charity is invesiing heavily io the repair and refurbishmcnl of its locomotJ¥es.
Page 3

Devon Diesel Society Lirnited
Trusttts. Report (Including Dirertors, report)
Financ541 review
Ai the end of the year the cbarity had W￿¢stria¢d ￿SerV¢S of £21316 (2021 . £49,681).
Policy reserv
The Charity continues irs policy of a¢¢thnulating fiLt)d% ￿ provide for large stal¢ restQTalionloverhaul work on its
locomotives and rtslling Swck.
Prin¢ip4lfxndiMg50Mrees
Fund5 are predominantly ral￿d via regular donation amounts and by the nwfiing of b¢rr frstivals on the South
Devon Railway.
Going concern
The accoun15 prepared on the going ri)ntern b&sis as no maierLal uncertairtLLes exist.
For the financtal year ending 31 December 2022 th¢ Charity •itiLled io ex¢mpiion from audit un(kr 5cction
477 of the CompaniES Aci 2006 relating to srn3U Companics.
Directors, responsibilities..
Th¢ members have not requi￿￿ th¢ Charity to obtsiTh an audit of 115 accounts for the y¢ar in question in
a¢¢ordance wilh stttion 476. artd
Th¢ direciors a¢knowledgt their r¢sponsJbiliiies for ¢omplyin8 with the requirements of the Act with respect
io accountsThg ffcords and the pr¢paration of accounts.
These accounts have been prepaTtd in ac¢ordarttwith the pmvisioAs applicable to companies subject to rhe small
cornpanirs Tegime.
The annual repon was approved by th¢ tnLStee5 of the Chariry on 15 Augum 2023 8x¥J s>gned on its behalf by..
Morton
TnL5tee
Page 4

Devon Diesel Society Limited
Independent Examfiner's Report to the trustees of Devon Diesel Society Limited
I report to the ¢h8nty tnjsiees on my examination of the accounts of ihtcompany forthe y¢ar ended 31 DeceM￿r
2022 which ar¢ set out on pages 6 10 16.
Responsibilities and basis of report
As Ihe charity truste¢s of th¢¢ompany {andalso Itsdirecto￿ forthe pul[￿Se5 ofcompany law}you are responsibl¢
for the preparation of th¢ a¢¢ounts in a¢¢ordance with the requirements of th¢ Cornpanies Aci 20061'ih¢ 2006
Act,).
Having satisfied mys¢lf that the accounts of the company are not required to be audited under Pan 16 of the 2006
Act and are eligible for Independent examination. I re￿ in re5peci of my examination of your company's
accounts as carried rjut under se¢iion 145 of the Charitie5 Act 2011 ('thc 2011 Act.). In carying out my
examination I have follow¢d the Directions ￿vert by the Cbarity CornmiSSiOD under section 145{5)(b) of th¢2011
ACL
Ind£p¢ndent ex#ThiNer'$ 5taternent
I have completed my examination. l ¢onfimi th* no rnattc￿ have cornc to my attention in connection with the
examination giving me cause to believe thai any matcrial respec1=
l. acrounting records were not kept in Tespect of the cornpany as required by section 386 of ihe 2￿6 Aci" or
2. the actounts do not accord with those rttords.. or
3. the accounts do I￿¢ comply wilh the accouolin8 rquir&nents of secrion 396 of the 2￿6 Act other than any
requiremerti ihai the a￿ount581yc a'lrue and fair view. which Is nota maiterconsidertd as part of an independent
examiDation- or
4. Ihe aLrtsuniS have not been prepared in accordaftrx with the methods and principl¢s of the Statement of
Recommended Praciice for accouniing and reporting by ¢hariii¢s.
J have concems and hav¢ Come a¢TOSS nD iJttKr rnatte￿ in conncctton with the cxamination to which attention
should be drawn Jo this repori its order io enabk a proper under5tandin8 of the accounts to be reaclied.
Michael Young FCA
Moorgaie House
King Sirect
Newton Abbot
Devon
TQ12 2LG
15 August 2023
Pag¢ 5

Devon Diesel Society Limited
Statement of Financial Activities for the Year Ended 31 December 2022
(Including Income and Expenditure Account and Statement of Tot81 Recognised Galns
and Losses)
UMrestr¥¢ted
f￿•d$
Tot•1
2022
Tot81
2021
Res¢rkted
Income znd EndoY4ments from:
Donations and legacies
Other trading activitics
IAveslm¢nt incotnc
1,503
32.S82
7.170
8.673
32.582
9.618
14,737
Total In¢otne
EIpenditure OD:
Raisirtg fvnds
Charitable adivities
(19.255)
136,582)
(19,255)
149.091)
(9,426)
(41.480)
(12,509)
Other costs
Total Expenditur¢
Net Income I (Expenditure)
28.353
Gross transfers between funds
Other recogni5ed 84in5 #nd losses
Nel movement Jn funds
(28,465)
(132)
(28,597)
(28J53)
Reconciliation of fuTrds
To¢al fund5 brought forward
49.681
13.121
Total fur¥ls Carr1￿ forward
14
All of the Charity's activities derive from continuiD8 operaiioos duriD8 the ats)ve two periryJ&
The ful￿ bTeakdown for 2022 is shown in ty)te 14.
Pa8e 6

Devon Diesel Soelety Limited
(Registration number." 03299431)
B21anee Sheet as at 31 December 2022
21122
2021
Note
Flx¢d ￿$¢t$
Tangible ass¢is
12
2.761
4.524
Cu￿ent assets
Cash 4t bank and in hand
32,644
59.478
Creditors: Amouttts f*lliBg du* wltbln ott¢ ytsr
13
Net ¢urrent Assets
Net ¥s$¢t$
34.205
Funds of the Charlty:
Restricted incornt funds
14
12.989
Unrestrl¢ted income funds
14
Total funds
Foi the fJnaDcial year ending 31 D¢c¢mb¢T 2022 the Chanty enliiled io exemptbon frojn audit under seciion
477 of Ihe Companies Aci 21NJ6 rt131ing ￿ small companies.
DirectOT5' re5pJn$ibilLties.'
Th¢ members have nor required the Charity to obtain an audit of its ac¢ounts for th¢ year in question in
accordance with section 476. and
The direclors acknowledge their responsibilities for complyxog with the requirements of the Act with t¢spe£t
to accounling record5 and the preparation of ac1￿￿Tr
Thc5c accounts have bttn prcparcd in accordance with thc provisions applicabl¢ to companies sllbj￿t to the small
cotnpanie5 regime.
The financial $tatem¢nts on pages 6 to 16 were approved by the truste4 and authon"s¢d for i$5ue on 15 Augusi
2023 and signed or) tb¢ir behalf by=
Tn￿tee
Pa8t 7

Devon Diesel Society Limited
Notes to the Flnancial Ststements for the Year Ended 31 Detember 2022
l Aecounting policie5
Summary of slg*ifÈ¢ant *¢¢ounting pgli¢iu and key *c¢ounting e5tim8tes
The principal attouniirtg p)li¢i¢s applied iti the preparation of these finan¢ial slatetnenls are xt out below. These
policies have been ¢onsisiertily applied to all the years presente4 unless otherwise stated.
B*$is of pr¢p•r*tion
Devott Diesel Society Limited is a charity aDd a priv*e compatty. limiied by guaraDtee, in England and Wales. In
lh¢ ewent of the Charity being wound up. th¢ liability in TESpe¢t of the guardntee is IimLtrd to £1 per member of
the charity. Th¢ address of th¢ r¢8JStered tsifi¢¢ LS given Jn the charity irtfomiaiion rjn pa8e l of these fiDan¢ial
stalemcnts. The of the ¢hariry'S operatiotss and prirtcipal actlvllies art given in the Irustccs, report.
The charity ¢onsiiNtes a public beoefii eniiry &sdefJTred by FRS 102. The fmaDcial Ststements hav¢ bccn prepared
in accordance wilh Accountin8 and Reportin8 by Charities.. s￿ement of Recommended Practice applieable to
charitles PTeparjtL8 their account5 Ln accordance with tht Financial Reporting Standard appljcable in ihe UK attd
R¢publi¢ of Ireland issued in Octobrr 2019. thc Financial Rew)rting Standard #pplitable in the United Kingdom
and Republic of Ircland {FRS 102). the Charitics Acr 2011. and UK Gentrally Accepted Aceounling Practice.
The financial statements art prepared on a going ¢on¢ern basis uThd¢r th¢ hLStorical ¢ost convention. rnodified to
includ¢ certasn iierns at fair value. The financ131 Sthlernents or¢ prtsenied in sterlin8 whTrch is the fvnclion31
urrency of the charity and rounded to the neatem £.
Incomt #nd endowmeThts
Beer festival incorne..
Rec¢ipts and payments related to the beer festivals are credited ￿ income and debited w expenses as they a
Iransa¢i¢d.
Substriptjon and appeal inrome:
Subscriptjons and appeal rtvenues are tr￿l￿d 10 irKorne they are received.
Invesrmeni income
Int¢￿st..
Bank intrrest received 15 credited to inrAJme it L$ Tffeived.
Expenditurt
Roistngfullds
These are costs incurred in attncting volutsrary irKom< th¢ mana8em¢ot of investments and ihose incurred in
rrading aciiYiti&s that rntse t[￿as.
P•ge 8

Devon Diesel Society Limited
Note$ to the FIn￿e￿Il Statements for the Year Ended 31 December 2022
ChtTriloble ÈTcliwli¢5
Charitabl¢ expenditure corttpfise5 ibose ￿sts uKurrrd by the Cbarity In the delivery of its activities and services
for its bentficiarics. It includes both costs thai can be allocatcd directly to such activities and those costs of an
Indi￿Cl natll￿ necessary to support them.
Support ¢ost$
Support costs include ¢ertlrdl functions and have bcrn alktsied to activity Cost categories on a basis consistent
wilh the use of resow¢e&
Goverwan£e costs
These include th¢ costs attributabl¢ ￿ the Tharity's ¢ompliance with ¢onstitutional and statutory requirements.
ncludin8 ¢xaminatlW4 5traiegi¢ 11]aoa8¢tneni and Tnlsiee's rne¢Lin8s and teimbursed expenses.
T•x#tion
The ChaTLty is considered to pass ihe tests sel out in Paragraph I Schedule 6 of the Finan¢e Aci 2010 and therefore
it meets ihe definition of a charitabl¢ rompany for UK ¢w￿ratiOn lax purposes. Aceordin8ly. the Charity is
Polenlially ex¢mpt from wtion Jn rrspecl of In￿Me or Capitsl gains received within categoric5 covered by
Chapter 3 Part I l of the Corporation Tax Atl 2010 or Seeiion 256 of the Taxation of Chargeablc Gain5 Act 1992.
rts the exicnt that SiLth ineome or gains ale 4)plied exclusively io charitsble purposts.
Tangffible fixed a55ets
Fixed &ssets are included ioitiaily ot ¢05t.
Dtpre¢l•tion *thd #mortis*tioth
Depreciatton is provided on Mngible fjxed assets so as to wriieoff the¢0￿ or valuation. lessany ¢stimal&l residual
value. over their ￿pected useful cconornic life as follows=
Asset class
Locomotives
Rolling stock
Computer and othu equipmenl
Deprtciititsn method 8Ad rAte
straigbt line 20 year5
51rnighi lint 5 ycaFS
straighi line 3 years
Cash and cash equlval¢nts
Casb and cash equivalents comprise ¢4sh on hatKl¥nd call d¢tM)sits, and othershort-t¢rm hi8hly liquid investnjents
thai are readily convertible to a kTh)wn amowif ofcash aThl are subje¢1 to an insignIf￿ant risk of change in Value.
Page 10

Devon Diesel Soeiety Limited
Noles to the Financfial Statements for the Year Ended 31 December 2022
FuThd 8rcouAtimg
Unreslricted income funds arc 8eneral fun& ihat are available for use at the trustee'5 discretion in furtherdn# of
Ihe objectives of the Charity-
Designaied fimds are un￿51￿¢ted fwids and are resrrtLW seÈ aside for 5pecifLC purposes at the discretitin of th¢
Irustees.
Restricted in¢ome funds are those dona*d for use in a parti¢ular arca or for specific PUTPDses. thE us¢ of whi¢h
is restricted to ihal area or pu￿￿$t.
2 Income from donatlon5 aDd l¢c*¢ks
Total
2021
2022
Regutar 8JVLng and capiral donations
8.673
£7.170 (2021- £8.119) of the above income was anributed to th¢ restrictrd filnds.
£1,503 {2021- £1.499) of the al%)v¢ inwtll¢ Wds altribut¢d to the unrestricted funds.
3 In£om¢ frnm other trAdiog •¢tlvitl¢s
Tot*1
Z022
2021
InLome from futthi$ing event5.
Beer festival income and mI￿¢11ant0uS sak5
£32,582 {2021- £14.737) of the above inwme ￿ attributed to the unrtstricted fvtjds.
4 InvtSith¢Dt Intome
Tot*1
2022
Tot81
2021
Interesi r¢teivable and similar it)com¢"
Int¢r¢st r¢ceivable on bank deposits
£9 {2021- £41 of the alKsve iocome was attributed io the testricied fi]nds.
£Nil (2021 - £Nill of the al)ove in¢ome wa5 attributrd to the unTEStriCt￿ funds.
Page 10

Devon Diesel Society Limited
Notes to the Finan¢i41 Slatements for the Ye*r Ended 31 De¢ember 2022
S Expend51¥re on r#islnR f4*ds
Cost of trading activities
Total
2022
Total
2021
Costs of goods sold
Support costs
Donations
17.667
1,488
100
7.806
69
£Nil {2021- £Nil} of th¢ above ¢osts were attributed w the restri¢i¢d fiuMI&
£19,25512021- £9,426) of th¢ at#)ve ¢osts were attribuied w the wirestri¢ted fund&
6 Expe*ditur¢ on ¢h*ritAbk 2£tiviti
Artivity
dert*ke
dlredly
Activity support
C115ts
Total
2022
Total
2021
Mainienance of locomotives
32
£12.50912021- £18.285) of thc above ¢0515 wcrc attril￿ted to th¢ r¢stri¢ied fijnds.
£36.582 (2021- £23.195) of the above Co￿$ were attriiwted io the ￿￿￿￿ride4j funds.
Pagell

Devon Diesel Society Limited
Notes to the Financial Statements for the Year Ended 31 D¢¢emb¢r 2022
7 An#lysls of gffvv¢rn•ne¢ 2nd support Costs
Support ￿$t5 allotat¢d to ch*ri¢*bk 4ctivities
Totxl
2022
Totsl
2021
Basis of
*llot*lion
Maintrnan¢¢ of lo¢omoiiv¢s
2.326
Supp(*rt ¢osts allocated to other expendilure
Tot#J
2022
Total
21121
B*$l$ ol
allocatio
Fund raising activities
Basls of alloratio
Ref¢rtn¢¢
Mdh(Ml of *lJotation
6(PA of general support COSIS. including govemance co5￿, are allocated to the charitable
activirits of the ¢harity.
4￿￿ of general $llp￿rt costs, including govemaD￿ ¢lSSt8 are allocated to the fuThJr#ising
actLVltits of the charity-
Total
Z022
T•t41
Ifidepetmleni eKthinations fees
ot￿r governan¢e tijsts
1.236
279
1,488
318
1.806
£Nil {2021- £Nil) of the aFx)ve Costs were a¢tribu¢cil to th¢ ￿Strir1ed funds.
£1.51512021- £1,806) of the above COSLS were attributed ¢0 the utWi¢Led fvnd5.
Page 12

Devon Diesel Society Llmited
Notes to the FiDgndal Statements for the YeAr Ended 31 December 2022
8 Net intomirty/loytgoSngl r¢SO￿T£e1
Net incoming resou￿¢$ for the year include:
2022
2021
Depreciation of f￿ed assets
763
9 Trustees. remuneration gThd expenses
No truste¢s. nor any persons ¢onn¢ci¢d with thenL hav¢ rettiv¢d any remuneration frorn the charity during the
year.
Durin8 the year the tnLSttrs have rtceiv￿l reimburstm¢nt for expenses paid totalliD8 £5.WJ (2021- £5.003). 5 of
the tru51eu were reimbursed for the expenses during the ytar. which related to the charitable adiviti¢s of th¢
company.
A$ ihe Charity does ￿t have its own cth"t card faciliti¢4 tnL5tees frequently pay bills on bthifof Ihe Charity
usin8 personal credii cards ar￿1 then reclaim the costs
10 SIAff costs
Th¢ monthly av¢rng¢ Durn￿[ o(p¢rso&s(inrludtng senior managemcttt team) crnployed by iht Charity dwing the
year expres5eil as full-tim¢ cquivalenls was as follows."
1022
2021
No
Tnts¢tts
No employcc Te¢eiv¢d emolumenis during the year.
I l Taxatio
No tax was chargtd in theyear (2021- £nil).
Page 13

Devon Diesel Society Limited
Notes to the Financial SLgtements for the Year Ended 31 Dttember 2022
12 T*ngible fixed assets
Computer and
Rolling 51vk other equipment Locomotives
Total
Cost
Al l January 2022
7.552
At 31 Decemb¢r 2022
7.552
Depreci#
At l January 2022
Charge for th¢ year
1,450
7.552
47.471
1.763
56.473
1.763
Ai 31 tkr¢mber 2022
7.552
58
36
Net book v41ve
At 31 December 2022
2.761
2.761
At 3] De¢emb¢r 2021
4.524
13 Credilors: arnounts falling due witbin one ye*r
2022
2021
Page 14

Devon Diesel Society Limited
Notes to the Financial Ststements for the Year Ended 31 December 2022
14 Fund5
Balance at I
January 2022
Incoming
resources
Resourtts
expended
Trnn$fers
Bal•nt¥ at 31
December 202Z
Vnre5tricled fuDd$
unrestr1ctsdge#er￿f￿Thds
General fund
45.913
34.085
(53.584)
(5.198)
21,216
Uhres¢ricledde$igff41edf44Td5
Maintenance Fund
3.768
3.768
3.768
3.768
Totgl ￿￿r￿trIcted f•hds
Re5trieted funds
Clas5 50 Fund
Class 37 Fund
Maintenance Fund
4.188
7.566
4222
1,610
(7.595)
(2,200)
815
9,437
2,461
Total resiricted fwnds
Toiil funds
41
Balance at I
January 2021
Incoming
resources
Re5ource5
expended
Tr8n5fers
B8lance #t 31
Decernber 2021
Unre5trrcted fund5
UMrestrictsdgeM¢rolf#*ds
General fijr
37.634
16236
(15.708)
7.751
45.913
Unre51rirleddesign4¢edfund5
Class 50 Fund
Class 37 Fund
Maintettan¢e Fund
16,093
10.082
(IS.169)
(3.255)
295
(924)
(6.827)
T•t•l unrestricted funds
67,872
Rairicted funds
Class 50 Fund
Class 37 Fund
Maintenance fiu)d
17.426
5,857
5,047
1,709
(18,285)
4,188
7.566
Total restrlcted funds
8.1?3
Trfgl fund5
91.155
24.359
52.712
Page 15

Devon Diesel Society Limited
Nole$ to the Financigl Statements for tbe Year Ended 31 December 2022
The 5peeifJc PUfFW5 for which th¢ funds are io bc appliedare &$ follows:
Class 50 Fur
This fiujd 15 restricted 10 direct expenditure io mainlain and overhaul ihe class SO locomotive owned by the
Charity.
Class 37 Fund
This futKI is restricted to direct expenditure to tnainiaiD aThJ ovcthaul the class 37 locomotive owned by the
Ch)rity.
Maintenats¢e Futhd
This fiEnd is restricied 10 direct eXP￿dID￿re io maintsin Charity's fleet of lo¢omoiives and vehicles.
15 Angty$i$ of net assets between fund5
Gcneral
fund
Resrricted
Totsl
Tangible fixed assets
Currcnt as5ers
2,761
19.655
(l21)0)
21.216
2,761
32.644
(1,200)
34.205
12.989
Curreni liabililies
Total net &WL5
12.989
16 Related party transactions
Th¢r¢ were no relaied patty trnnsactions in the Y￿r.
Page 16