Con)pany registration number.. 03299431
CbaTity registratt.oll nurnber.. 1060193
Devon Diesel Society Limited
(A Company limited by guarantee)
Unaudited Ajllllthl R¢￿t and Fi￿anCial Ststemellts
for the YearEDded 31 DEcember 2025
Peplows Limi*d
Moorgale House
King Street
Newton Abbot
D¢vou
TQ12 2LG
11111
111
•AFSFVZC8'
0210712026
COIAPANIES HOUSE
A13
#122

Devon Diesel Soeiety Limited
Contents
Reference and Athnini5trative Details
Tntytees, Report (includiDg Director5. report)
2to4
Independent Examtherfs Report
State￿¢￿1 of Finanrial Artivitics
Balattce Sheet
Notes to the Finall¢￿ Strtrments
8t016

Devon Diesel So¢iety Limited
Reference and Administrative Details
Trnstees
Jon Morton
Rob Evans
lan Mills
David Martin
Karl Atkinson
Chns Deaco
Der¢k Higgs
Adam Howard
Company 5e£retAry
David Martin
Prthelpal O(fi¢¢
78 Bra￿tw{￿ Thive
Paignton
Devon
TQ4 SHY
Coznpany ReglstrAtioD Number
03299431
Charlty ReElgtratloD N￿mber
1060193
Page I

Devon Diesel Soclety LAmited
Trustees. Report (IDcluding Directors, report)
The TnsL¢es piesenl their ieport and the un4udit¢d fitwicial slal¢nJ¢nts of the charity foi the year ¢nded 31
December 2025. The trustees have adopted the provisions of the sta￿ment of Rccornmended Practicc (SORPI
"Accounting and Reporting by Charitie5" in preparin8 the annual report and financial SWcments of the charity.
The tru5ttt5. who are director5 for the purp05cs of company law, prc5CDt the aDnuo1 re￿rt together with the
rwancial slate￿¢llts of the ch3ri¢ablc WmPaDy for the year ended 31 D￿embe[ 2025.
Trustees
Jon Morton
Karl Atkmson
Rob Evatts
laD Mills
David Marfiti
Cbns Deaeon
Derek Higgs
Adam Howard
Struftur4 govern*n¢e ADd m*nag¢meD¢
N*tsre ofgoverniR¥do¢#M¢nl
The chaTity 1$ Controlled by its govemirxg dotuttwit. th¢ orti¢les of &*sociati￿ and constittjted ￿ a limited
¢ompany. limited by 8llarantee. as defjned by the Compatii¢s A¢t 2006.
The company was incorporated on 6 j￿Uary 1997 and registered as a clwity on 16 Januy 1997.
The liability of full ￿ernbers of the cbarity is an undertakin8 to eontribute to the &ssets of the charitable company
in tbe event of it being wound up. while a merni%r. or withhn One year of ceasing to be a membei. a sum Dot
exceeding one pound.
R¢cr¥ilmenland offr¥Me¢5
Th¢Te should be a minimum of three tnsttts at any but thert is maxjmum. A third of trustees
automatically retire at every AGM but may b¢ reappoitited if th¢y wish to continue. New trustees must be
recommended by existin8 tr￿te¢S and must be ai l¢¥t 18 years old
Trust¢es are rtot remunented.
Tb¢ Chariry is not part of a group.
The tr￿stee5 ￿￿tal least thTre times a yeartodlsc￿p[0¥ressIOn ag￿L$tObJeCtIves andto formulatc ￿b]replans.
Page 2

Devon Diesel Society Limited
Trustees. Report {including Directors, report)
Obj¢¢tiv¢s xDd Activities
Objects ￿d￿l￿$
The Charity's obj¢ctiv¢s are to advance the education of the public in the hi$tory and d¢v¢lopEnent of railways
and locomotion by the Prese￿tiOn of diesel locomotive4 rollin8 Stock and othEr equiprnent and ii¢nis.
The Charity currentlyowtt$ three locomollves, Class 50 D402. Class 37 D6737 and Clas$04 D2246. The company
a]$0 owryjs a 100 year old fornKr Great Western Railway tool vaD, x Rec Tattk flat bed vehicle and a SiphoD
"G" 8oods vehicle.
There bave been DO cIwLges in the chari￿$ objectives sill¢¢ th¢ last r¢poTL
Any surplus generdted by tts Xtivilies 1$ app.lied.to its charirahle purp05e5.-
Thc aims of the Charity arc to preserve tht long tcmi fvture of the rolling sknck and to provide members of the
public with educational infonnation to Icarn th)ut the Tnainterwlce and rtstoration of locomotives and rollirtg
stock.
objec11v￿, stmiegiu 4nd4divilxs
The Charity raises filnds predominantly by ruDning v*ious beer frstivals on th¢ South Devon BAilway. and the
receipt of regular subscripti0Ths and dotkation5.
Pub￿¢ bettejli
Educatiott of the publi¢ in the maitstetsatt¢¢ atKI th¢ TunDing of the locomotives.
The trusie¢$ confimi thai they hav¢ ¢omplied with the requirements of section 17 of th¢ Charities Aet 2011 to
have due regard to the public benefit 8uidance published by the CILarity Commission forEthgl¥nd and Wale5.
The Chan'ty Can use surplus unrestri¢t¢d funds to makes 8raDts to other organisations if such oppli¢81ioDs are in
&¢¢ordall¢e witb the obje¢tiv¢s of the Cbariry.
Use of v•luRteers
The Charity receive5 the benefit of Yolunteer services" these are noi quantified irk the accounts as thi5 caTUlOt be
quantified.
The volunteers fill vaTiOUS roles. such &$ ve￿"¢le restor￿10￿ and maintenance and assistitig with Ai5in8
activities.
All of the Boardof T￿￿1¢¢5 ar¢ volwiteers.
Achiévemefitsandpérfopnw&nc¢
Duritlg the year tbt chan'ty tnade a s￿￿1￿￿(defi£lt) from raising events of £18,864 (2024- £20.38018nd bad
charitable cxpenditure of£6.806 (2024_ £34.859). The surplu$ forthe yeaTwas £19,974 (2024-deficit of £3,927).
Page 3

Devon Diesel Soclety Limited
Tru5tees' Report (includlng Dlreetors, report)
in*nci*l rev5ew
At the end of the ye4r the ch￿lty had Unrestrict￿ reserves of £27J89 (2024- £13,195).
Policy oll rtserves
The Charity continlles its policy of actsjmulating fuTKls to provide for large scak restorationloverhaul work on its
locomottves and rolling Stock.
PrincipdftsttdiNgstsur¢¢$
Funds are predominantly raised via r¢guiar donation and by the rtuming of beer festivals on the South
Devon Railway.
Golng eotseern
The accounts are prepared on the 80ing ¢0￿¢r￿ basis os no Materi￿ ut)¢eff•nii¢s ¢xist.
For the financial year ending 31 December 2025 the CThaTiry W&8 entitled to exemption from audit under section
477 of the Compatties A¢t relatlng to small companie5.
Directors. responsiTr*ilities.'
The members have not required the Cbarity io obtain ￿ 8udii of its accounts ftsr the year in question IA
accordaDce wilh section 476. and
Thc directors acknowledge their respoDsJl>iknties for ¢on)plying with the requir¢m¢nts of the Act with r¢sp¢¢t
to a¢countitig records aDd tht preparation olaccounts.
These accoutlts have been prwed in accortsewith the provisions applicableto companie5 Subject to the small
ompanies regitne.
The atmuai t¢port was appToved by the trNsrees of the CFthrity OD l Jtstte 2026 8nd signed OD its behftlf by:
Jon Morton
Tn￿te¢
Page 4

Devon Dfiesel Society Limited
Independent Examiner's Report to the trustees of Devon Diesel Society Limited
I r¥purt to the charity on my exarnination of the xcountsof thccompany forthc y¢ar ended 31 D¢¢ember
2025 whi¢h are set out on pages 6 Lo 16.
RespoD51bUities ba515 of report
As the charity tntysof the company {andalso its directors forthepwpose5 ofcompaoy law) yi)u are resy)nsible
for th¢ prepardtion of th¢ accounts in a¢¢ordw with the TequiT¢ments of th¢ Companies Act 2006 ('thc 2006
Act,).
Having 5atisli¢d myself that the a¢¢¢yJnts of the C0Th￿any are not rcqiiired ¢0 be audited ￿￿er Pan 16 of the 2006
Act and ar¢ ¢ligible for ithjependent examination. I [q￿rt in respect of my exaTnillatioD of your company's
a¢counts as carried OUL under section 145 of rhe ChaTi¢ies A¢t 2011 ('the 2011 Aci.). In canying out my
examination I have followed the Directions given by the ChaTityCommis5ion under section 145(5)(b)ofthe 2011
Endepeod¢llt exlmirter's $txt¢ment
I bave wtllpl¢t¢d my uamithation. I confinn that no mattcr5 hav¢ me to my att¢rttion in conne¢tion with th¢
examitiation givitig rD¢ caus¢ to believe that in aoy material respect:
l. accountiDg records were not kept in r&spECt of ibe ¢OTnpany as required by setti¢)n 386 of tbe 2006 Act,. or
2. the accounts do not accord with those records" or
3. the accounts do not comply with the acco￿tIn8 requir¢mettts of sectioD 396 of thc 2006 Act other than any
requirement thai the accounts ghve a'trne alld fair view. wtrtt.ch is not a matter considered as partof an ind¢p¢ndent
examination- or
4. the accounts have not been prtp￿td in accordm¢e with the methods ar￿ prui¢iples of the Statement of
Rccomme#ded Pra¢tite for accounting and reportimg by charities.
I have no ¢on¢ern5 and have Come act055 no i)tbcr matter5 in CODD¢¢tion with ttle examiothon to whicb attention
shou]d be drawn in this repon in order to enabl¢ a prop¢r underswdin8 rjf the a¢¢ounts to be reached.
Michael YouDg FCA
Moorgat¢ House
Ku)g Street
Ne￿oll Abbot
Devon
TQ12 2LG
l Jwie 2026
Pagc 5

Devon Diesel Society Llmited
Statement of Flnxn¢ixl Activities for the Year Ended 31 December 2025
ncluding Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Unrestri¢t¢d
Totsl
2025
Tot41
2024
Re5trieted funds
Incom¢ attd EtsdowmeTrts from:
Doti&tiOAS aud 1¢8&LCS
Other trading activitie5
Investment income
710
7,770
39.439
146
10,393
40.797
159
39.439
146
Totsl Inrome
Expendltur¢ gn:
Raising funds
Charitable activities"
Other co$
(20.575)
{3.950)
1.430
(20,575)
(5.376)
(20,417)
(33.108)
(1.426)
Total ExpendiluTe
Net tncomt l (Expendtture)
Gross ttwfeTs bettveeTL fvnds
Other recogni5ed gains *od losses
Net movemeot io fijrtds
14.194
5.780
19,974
(3.927)
Recon¢iligtion of funds
Total funds brougbt forward
16.601
29.796
33,723
Toral filttds catrAed fonvard
14
22
81
All of the CharL￿S activilits derive frorn continuing opernions dLmg the atA)V¢ EWO p¢nrds.
The fimds breakdown for 2025 is sllown in note 14.
Page 6

Devon Diesel Society Limited
(Registration number: OJ299431)
Bg12n¢e Sheet at 31 Deeember 2025
21125
2024
Note
rued #ssets
TarLgibl¢ assets
12
1,71
Curr¢Dt AM¢t$
C&sh ai battk and in haod
49.270
30.996
Cftditors- Amouttts falling dwe Tvitbity o*e year
13
Net current assets
48.070
29,796
Net a$$ets
Fllnds of the Ch4rity:
Restrieted irt¢om¢ funds
Unrestricted income funds
21,858
16,601
T•¢*1 (m￿d5
49,770
For the flnzncial year elldin8 31 December 2025 the Chan'ty was eutilled to exemption from audit under s¢¢tion
477 of the Companies Aei 2(#)6 relating th small companies.
Directors, rwnsibiliti¢s'.
The members have not required the cban.ty to obtsiD an audit of its accounts for the year in question it)
accordance with section 476.. and
The directors a¢knowledgc their responsibilities foT complying with the requiremthts of the A¢t with respect
to accounting r¢cord5 and the prwti(Kh of arwts.
Theseaccounts hav¢ ￿￿ed in a£conknwith theprovisionsspplicable to ¢on)paoies subJe¢t to thesmall
companies regirne.
The financial 51atements on page5 6 ty 16 were approved by the ttustees. 8Dd authorised for issue ott l June 2026
and s7￿cd on their behalf by..
lan Mill$
TTUStee
Page 7

Devon Diesel Soeiety Limittd
Note$ to the Financial Statements for the Y¢ar Ended 31 December 2025
l Accountlng polities
Summary of sigDifiullt accouDtthg polkles *nd key *¢¢ouAting estim#t¢s"
The principal aceout)ting ￿lIcIeS applied in the preparatstsn of these fiDan¢j31 staternents art set out below. These
policies have been consistently applied to Oll th¢ ycats Pr¢S￿l￿L unlc5s oth¢rwis¢
Basis of prepgration
Devon Diesel Society Limited is a cban'ty and a private coinpany. IiTnitrd by guofaDt¢e. ill England and Wales. ID
tht event of the charity being wound up, th¢ liabiliry in rewi of the ￿arantee is iimite4110 £1 per member of
the rhariry. Tbc address of the rcgi5tcred office is giveD ID tbe chan'ry iDfonllation on page l of these f]narKia]
statements. Th¢ natUT¢ of the rban'ws ijptrations and principal activitses are given in tbe Inb5tees' teport.
The charity collstimtes apublic beDefitcntity 35 defined by ￿ 102. The fLDancial statements have been prq>ared
in &¢eordance with Accounting and Reportin8 by Charities." S￿emet)I of Reeommended Practice applicable to
¢haTities preparing thEir accounts in accordance with the Financial Reporting Stsodard applicable in the UK aDd
R¢publi¢ of IrelaTLd issued in October 2019. the Financial Reporting Standard applicable in the UnÉted Kingdom
and Republic of Ireland (FRS 102), the cI￿ltieS Act 201 l. 4nd UK Generally Acttpted Accounting Practice.
The fjnancial ststements are prepared on a going ¢on¢ern basis under the historical cost eoTLvention. modified to
include certain items at fair value. The r]r&neial ststements are presented ID sterling which is th¢ fijnciional
Cu￿¢ncY of the charity and rounded to the n¢ar¢st £.
Income *Dd endowmtttts
Be¢r festiv31 income..
R¢c¢ipts and payments relatrd to the beer ftstivals are credited to income and debited to expenses as t￿Y a
transacted.
Subscripiion alld appeal illcollje..
Subs¢riptions and appeal reythues are ereditsl to inco￿￿ u thry are rcccivcd.
Jnwe51m¢B¢ iRCO4W¢
tllt¢r¢si'.
Baok int¢r¢st r¢c¢iv¢d is creth.ted to iDcome as it is received.
Expenditure
R4isin8fHHd5
These are costs incurred in attractin8 volw)wy in¢om¢. the n￿￿B¢m¢￿1 of investtn¢nts and thos¢ in¢urTed in
tr￿1Thg activities It￿t raise fi￿ds.

Devon Diesel Sodety Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Charitable expenditure COTllpri5cs those c0515 incurrcd by the Charity in the dclivery (pf ILS a¢tiviti¢S and servivs
for its bellefi¢iari¢s. It iocludes both costs that ¢an be aUoc*ed thre¢tly to such a¢tivities at)d those costs tsf an
indire¢t Datt]re necessary to SUPI￿rt them.
Support Costs
Support ¢OSL3 include ¢entyal functions and have been allocated to activity ¢osi categories on a basis consistenl
with the w¢ of Tesources.
Govern*n¢e costs
These include the Costs attributhble to the Charity's ￿mplianCe with conSti￿￿Onal and staLUtory requirements,
including examinatiot). str•teuW.iagemeutandl¥u*ee'$￿ned1U￿anthre1Mb"utsed exp£￿e$.
T￿ation
The Charity is consideied to passthe tests seiout in Paragtaph I Schedule 6of the Finance Act 2010 and therrfoie
it tneets the defjnition of a charitable company for UK corporntton lax Purposes. Accordingly, the Charity is
po¢¢ntially ¢xcmpt from tsxation in respcct of inrotne or capital gairts received within eategories covered by
Chapter 3 Part I l of the Corporatiort Tax Act 2010 or Seth'on 256 of the TaKatiott of Clwgeable Gains Act 1992,
to Ihe extent Ibat $u¢h in¢om¢ or 8aios aTe appli¢d ¢x¢lwively to ¢trwAtabl¢ pvrp05ts.
Tangible fixed *ssets
Fix¢d assets are included initsally at wst.
Depretiation ajnortisalio
Dcpreciationisprovided on tangible fixed assets so a5tO WTite offthe costorvaluation. less any¢stim￿ r¢sidu81
value. over tbeir expccted useful CCODomic life a5 follows..
Amet Clas$
Locomotives
DepredAtlon method *nd rate
strnight line 20 years
strajgbt line 5 years
stiaigbt line 3 years
Rolling stock
Computer and oth¢r Cquipmcnt
Cash and ta5h equivalents
Cash and ¢8sh equivalents c<)mprisewhonlwJd a1￿call d¢p)sits. and othersIx￿-te1rn highly liquid investt7*nts
tbat are readily convertible to a amouni of cth and are Subject to an I￿18n1ficanI Ti5k of change ia value.
Page 10

Devon Diesel Society Limited
Notes to the Flnantial Statements for the Year EDded 31 Detember 2025
nd accounting
Unrcstricted income flln￿ are genernl fvnds that are available for use ai the t[￿Stee￿ discretion in furtheran¢e of
the obJe¢tives of the Charity.
Designated funds are unrrs¢riried fimds and are resoiirce5 Set aside for specific putposes at the dlscrehon of the
ttusie¢s.
Restricted income are tbose dottated fox ￿ in a pkncu]ar areo or for specific purrA)sw, the use of which
is restricted to that area orputpose.
2 Incomt from donatloms and legrtties
Total
2025
Total
2024
Regular giving and capital donatioDs
7.770
£7.060 (2024_ £8,354) of the above iwme was attril￿ted w the rcstrict>J funds.
£710 (2024 - £2.039) of the aFM)ve income w&$ attributed to the unrestricted fimth.
3 Income from oth¢r trxdlthg *etivities
Total
2025
T4)ts1
21124
In¢ome from fththising events:
Beer festival income and mis¢ellaneow sales
£39.439 (2024- £40.797) of the above income was attributed to the Ut￿estrIcted fill￿5.
4 Inveslrnent IDcomt
T(trtsl
2025
Total
2024
Interest receivable and SiTnilar income-
lllterest rcceivable OD bank deposits
159
£146 {2024_ £159) of th¢ aix)v¢ income w&8 attributed to the restricted fiLDds.
£Nil (2024- £Nil) of th¢ above incom¢ was attributed to the u¢)ffstri¢Led fi￿&%.
Page 10

Devon Diesel Society Limited
Notes to the Financial St2tement$ for the Year Ended 31 Decernber 2025
5 Expenditsre raising
Cost of trxding a¢tivltle5
Total
2025
Total
2024
Cosis of goods sold
Support costs
Donations
19,779
796
19.013
1.404
£Nil (2024- £Nil) of th¢ atKJve costs were attribut￿ to th¢ restricted funds.
£20,575 (2024- £20.417) of the aiywe ¢osts were attnTr*uted to the UDrestrictcd fiujds.
6 Expendit•re on rharit*ble *¢tivit6Ès
A¢livity
und¢rtak¢n Activity support
dlrrftly
costs
Total
2025
2024
M8itiieDaD¢e of lo¢omolives
3.427
5.376
£1,949 (2024- £8,323) of thc above costs were attributed to the re5trictcd funds.
£3,427 {2024- £24,785) of tht above costs wwc attributed to tht unrestsicted fvnds.
Pa8e 11

Devon Diesel Society Limited
Notes to the Flnxncial Statements for the Yegr Ended 31 December 2025
7 An4ly5is of governante aDd support Costs
S￿PpOrt costs *ll•eited to charitable artivitie5
Totsl
2025
Total
2024
B*sis of
*l)o¢ation
Maitttenanee of lo¢omotives
193
Support ¢08ts •lloe*ted ¢0 other expeDditure
Total
2025
Total
2024
Basis fyf
•llotation
Fund raising activities
796
B*$is of allocatio
Ref¢r¢n¢¢
Meibod of *llo¢*rfo
60Qh of geueral supp)rt costy in¢luditt88ov¢rnance costs. ate allocated to the charitable
activities of the charity.
400/0 of general support ¢OSts. iDcluding goveToance co$t4 ar¢ allo¢at¢d io the fund-raisin8
activities of the charity.
Governance costs
Totsl
2024
Tot81
2024
Ir]dependent examil￿tIonS ftts
Other govcrnance costs
1.344
96
1,470
281
£Nil (2024- £Nil) of th¢ at4)ve Costs were attributed io the Testricted fiwd5.
£1,430 {2024- £1.751} of the abov¢ ¢0sts were attribu￿ to the uDrestrictcd ffiJnd5.
Pa8e 12

Devoll Diesel Society Limited
Note5 to the Financial Statements for the Year Ended 31 December 2025
8 Net ineomiDyl(outgoiD&) reso¥rce5
Net incomin8 resowces for the year intlude..
21J25
21124
Deprccration of fixed 85sets
998
9 Trnstee$' rem¥mer#rfon #lld exptthses
No trustee5. nor any persons connected with them. have received any remutseration from the ch*iry during the
year.
During the year tbt trustccs bvc r*eived reirnbuTseD)¢oi for cxpcoses.paid.totslliDg £Nil (.2024- £Nil)."6 of.the
- trustees w¥re' reimbursto loi the expenses during the yw. wb]"ch ￿lated to the c]witabl¢ a¢tiviti¢s of the
OTnpany.
As ihe Charity does not ha￿ its own crtdit card facilitie& tswi¢¢s fr¢quently pay kn"l]s on behalf of ihe Ch8rity
sing personal ¢redit ¢ard8 and then reclaim the costs
10 Staff costs
The monthly average num￿Of perso￿ (including seniormanagementteatth) employed bythe Charity during tbe
ytar expres￿d &$ fvll time equivalcnts was as follows..
21J25
21124
Tntslees
No employtt received emoluttlents duriDB tht year.
11 Taxadon
No tsx was ¢har8td in the year {2024- £nil).
Page 13

Devon Diesel So¢iety Limited
Notes to the Finaneial Statements for the Yeor Ended 31 December 2025
12 TaDgible fixed 1$sets
C•mpytsr *ttd
Rolling stotk other tqllipm¢ttt t￿)¢0￿0t1¥¢8
Totxl
Cost
Ai l Jonuary 2025
Additio
800
At 31 Dtternb¢r 2025
450
9J52
62.797
Depre¢l*tlo
At l January 2025
Charge for the year
,450
7J52
100
51,995
60.997
loo
At 31 December 2025
450
Net boTrk val￿¢
At 31 December 2025
1.700
1.700
At 31 December 2024
13 Cr¢dltors: amounts C•liittt due Ivifhin one yur
2025
2024
Accrnals
Page 14

Devon Diesel Soei¢ty Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
14 Fumds
B*l*nte At I
2025
IDcorning
resourtes
Res0￿r¢e1
expeoded
Tr*osfers
Balance at 31
December 2025
Unre8tritted funds
Unres¢ric¢edKenernlf¥Thds
G¢nrral fund
13.195
40.149
(25.955)
27,389
Total IiDrestri£ted funds
89________.__
R¢5trActed funds
Clas5 50 Fulld
Cla$5 37 Fund
Maittienance Fund
2,405
10.748
3.448
4.187
1.709
(1,426)
5,166
12.457
4,758
Total rtstrirted fth*d$
16
22
Totsl fmnds
29.796
47J5S
27J81
Bzlanee at I
J*nu#ry 2024
Resovrfe5
eipellded
TraDsfer5
Balance at 31
Detember 2024
Unrestrlcted fuD4ts
General ffijnd
17J12
42.836
(46.953)
13.195
Total unres￿ded funds
17
12
953
RtStri¢ted futtds
Class 50 Futul
Class 37 Fund
Maintenance Fund
2.792
10.382
5.255
1,770
(5.642)
(1.404)
2.405
10.748
Tot¥1 rtstri¢t¢d f•Md$
JA411
13
8J23
1&601
Totsl r￿Dd9
51
49
76
Page 15

Devon Diesel Society Limited
Note5 to the Financial Statements for the Year End¢d 31 December 2025
The.sptcific purposes for which the fut)ds are to ￿ applied are as follows..
Class 50 Fund
This fund È$ r¢5tricted to dirttt expeDditt￿e to ma1￿18]n a￿1 ovcrbaul the class 50 lo¢omotiv¢ owned by the
Charity.
Class 37 Fund
This filnd is restricted to direct expenditure to maiDtsin I￿1 overbaul the ¢las$ 37 lo¢omoiive Own￿ by th¢
Charity.
MaInteD￿Ce Fund
Thi5 fvnd is r¢stri¢ted to dire¢t expenditure to tiuintsitt th¢ C￿￿￿ty.5 flett of locomotive$ aDd vehicles.
IS Analysis of net *ssets b¢tt¥ee*
Restricted Totsl funds
Tangible fixed assets
Current &ss¢ts
1.700
27.412
(I,21M))
27.912
1,7
49.270
{1.2CKI)
49.770
21.858
Current liabilities
Tothl nei assets
21,858
16 Rdated party traDsietloxs
P8g¢ 16