2022-01-31-accounts

		Note	Unrestricted	Restricted	Endowment	2022	2021
			funds f	funds	fund	Total f.	Total g
Income and endowments	from:
Donations and legacies			81,904	32,814		114,718	109,832
Other trading activities				7,986		7,986	8,030
investments th interest receivable			1,635	21,715		23,350	23,684
Charitable activities:
Conservation activities		7	83,675	5,621		89,296	61,770
Education activities		8	521			521	2,005
Membership subscriptions		9	54,425			54,425	56,810
Primary purpose trading		10	15,409	15,656		31,065	14,384
Total income			237569	83792		321 361	276515
Expenditure on:
Raising funds				8,588		8,588	7,865
Charitable activities:
Conservation activities		7	83,073	16,332		99,405	219,708
Education activities		8	3,601	1,361		4,962	6,500
Membership		9	41,924			41,924	24,679
Primary purpose trading		10	13,517	1,179		14,696	6,616
Total expenditure			~14 115	274		169575	265 368
Net iacome (expenditure)	before		95,454	56,332		151,786	11,147
investment gains
Net gains on investments		15		20474		20474	31626
Net income before transfers		12	95,454	76,806		172,260	42,773
Transfers between funds		22	(63,585)	63,335	250
Net Movement in Funds			31,869	140,141	250	172,260	42,773
Total Funds brought forward			807,762	1,532,782	590,630	2,931,174	2,888,401
Total Funds carried forward		19	839,631	1,672,923	590,880	3,103,434	2,931,174

							Note	2022		2021
								Total		Total
Cash flows from operatiag				activities
Net cash (used in)/generated				by operating		activities	24		173,474	(34,932)
Cash flows from investing			activities
Dividends,	interest and rent		from investments				24	23,350		23,684
Purchase	ofproperty, plant		and equipment				14	(24,083)		(171,102)
Proceeds	from the disposal		oflisted investments				15	58,796		140,162
Giftofunlisted investments							15	(250)
Purchase	oflisted investments						15	(65,097)		(136,657)
Net cash	used in investiag		activities						(7,284)	(143,913)
Change in cash and cash		equivalents			in	the
reporting	period								166,190	(178,845)
Cash and	cash equivalents	at		the beginning		ofthe	25
reporting	period								633,692	812,537
Cash and	cash equivalents			at the ead	of	the	25
reporting	period								799,882	633,692

							2022			2021
			Uarestricted			Restricted	Total	Unrestricted	Restricted	Total
				fundsf		fundsf	funds	fundsf	fundsf	fundsf
Donations				3,999		27,814	31,813	7,515	26,187	33,702
Legacies				77	905	5000	82905	76 130		76 130
				81	904	32814	114718	83645	26 187	109832
4. Other	tradiag		activities
							2022			2021
			Unrestricted			Restricted	Total	Uarestricted	Restricted	Total
				fundsf		fuads f.	funds f	funds f	funds	funds
Locomotive	support
clubs						7986	7986		8030	8030
5. Investmeats		di	interest	receivable
							2022			2021
				Uarestricted		Restricted	Total	Uarestricted	Restricted	Total
					fundsf	fundsf	funds	fuadsf	fundsf	fuadsf
UK quoted	investments					13,690	13,690		13,019	13,019
UK unquoted investments					1,549	7,992	9,541		8,014	8,014
Bank interest					86	33	119	2429	222	2651
					1 635	21715	23350	2429	21255	23684
6. Expenditure		on raising		funds
							2022			2021
				Uarestricted		Restricted	Total	Uarestricted	Restricted	Total
					funds	funds	funds	funds	funds	fuada
Expenditure
Locomotive	support		clubs			2,742	2,742		2,362	2,362
Marketing						431	431	285		285
Investment	management
charges						5,415	5,415		5,185	5,185
Support costs (note			11)					33		33
						8588	8 588	318	7 547	7865

				2022			2021
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	fuads	funds	funds	funds	funds
			g	g		8
Income
Locomotive	Jt rolling
stock hire fees Premises licence fee		82,675 ~100	5,621	88,296 I 000	58,770 ~100	2,000	60,770 I 000
		83675	5621	89296	59770	2000	61770
Expenditwe
Maintenance	&operation	22,348	2,100	24,448	72,635	16,638	89,273
Restoration	costs		6,364	6,364		35,499	35,499
Grant paid		3,168		3,168
Insurance		13,239		13,239	15,592		15,592
Equipment	&.storage	1,100		1,100	1,100	198	1,298
Depreciation		32,068	7,868	39,936	53,720	7,868	61,588
Support costs (note 11)		11 150					16458
		83073	16332	99405	159505	60203	219708
Net income/(expenditure)		602	~IO 711	~10 109	99735	~58 203	~157938

8. Educati	on	activities
					2022				2021
			Uarestricted	Restricted	Total	Unrestricted	Restricted		Total
			fuads	funds	funds	funds		funds	funds
			8	8	8	8			g
Income
Museum entry		fees	521 521		521 521	2005 ~205			2005 2005
Expenditure
Equipment	dt	storage	500	272	772	2,000		325	2,325
Subscriptions		dt donations		208	208			146	146
Depreciation Support costs		(note 11)	2,618	881	3,499 ~4 4rr2	2,618 531 ~9		880 I 351	3,498
Net expenditwe			3080			3 144	~135		~5

					2022			2021
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			fuads	funds	funds	funds	funds	funds
					g	g		g
Income
Membership	fees		54425		54 425	56810		56810
			54425		54 425	56810		56810
Expenditure
Joint Line publishing			20,491		20,491	16,793		16,793
Administration			15,806		15,806	5,340		5,340
Support costs	(note	11)	5 627		5627	2 546		2546
			41 924		41 924	24679		24679
Net income			12501		12501	32 131		32 131
10. Primary	purpose trading
					2022			2021
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			fuads g	fundsf	funds g	funds K	funds g	funds
Income
Shop k.publishing		sales	15409	15656	31065	8 107	6277	14384
			15409	15656	31065	8 107	6277	14384
Expenditure
Cost ofgoods	sold		11,422	1,179	12,601	4,296	1,187	5,483
Equipment 4,storage						359		359
Depreciation			281		281	214		214
Support costs	(note	11)	I 814		I 814	560		560
			13517	I 179	14696	5429	I 187	6616
Net income			I 892	14477	16369	2678	5090	7768

14.Tangible Fixed Assets
	0 Jt 'C g	4 0 0 ' g 00"	se 0	'0 Q 0 0	0	- TI CI 0 0es+	Total
	V				g
	g	g			g	g
Cost at start ofyear	627,117	486,470	1,113,587	520,403	48,582	568,985	1,682,572
Additions in year		24,083	24,083				24,083
Disposals during year		~143 101	~143 101				~143 101
Cost at end ofyear	627,117	367,452	994,569	520,403	48,582	568,985	1,563,554
Depreciation at start ofyear	300,000	281,137	581,137	135,403	35,298	170,701	751,838
Charge for year		31,078	31,078	10,922	2,183	13,105	44,183
Disposals during year		~143 101	~143 101				~143 101
Depreciation at end ofyear	300,000	169,114	469,114	146,325	37,481	183,806	652,920
Net book value at end ofyear	327,117	198,338	525,455	374,078	11,101	385,179	910,634
Net book value at start ofyear	327,117	205,333	532,450	385,000	13,284	398,284	930,734

15.Investments
			2022		2021
					8
Shares in North Norfolk Railway PLC			263 763
Total Shares in Associate	at cost			263 763	263 513
North Norfolk Railway PLC Bond Issue 4			30,000		30,000
Midland 4fk Great Northern	Heritage	Limited	1,000		1,000
Zenzic Loan Note			100000		100000
Total Unquoted Investments at cost				131000	131000
Cazenove Charity NURS	Fund		316,855		313,686
Prudential Assurance and	LGT Vestra Fund		533 128		319403
Total quoted investments	at fair value			849983	833089
Total investments at cost	or fair value			1 244 746	1 227 012
Movement in quoted fixed asset investments:				2022	2021
				8	8
Fair value at beginning ofthe year				818,607	790,486
Additions at cost				65,097	136,657
Disposal proceeds				(58,796)	(140,162)
Realised gains (losses)				2,691	(794)
Disposals at opening fair	value			(56,105)	(140,956)
Net unrealised investment	gains			17783	32420
Fair value at end ofthe year				845,382	818,607
Cash held by investment managers		for re-investment		4,601	14,482
Total quoted investments	at fair value			~84998	~83 0 9

17. Debtors
			2022	2021f
Trade debtors				106
Prepayments	and accrued	income	18,991	91,427
Other debtors			78,404	1,371
			97395	92904
18. Creditors: Amounts		falling due within one year
			2022	2021
				8
Trade Creditors			4,165	5,809
Amounts owed to group and associated undertakings			802	802
Accruals and	deferred income		4,853	3,058
Taxation and	social security		4,155
			13975	9669

Statement ofFunds—	Statement ofFunds—	Balance at					Balance
Current year		beginniag			Iavestment		at ead of
		ofyearf	Income f	Expenditure	Gaias f	Traasfersf	yearf
General Fund		291,051	154,894	(95,750)		(69,380)	280,815
Designated Funds
Note 20		516,711	82,675	(46,365)		5,795	558,816
Total Unrestricted	Funds	807,762	237,569	(142,115)		(63,585)	839,631
Total Restricted Funds
Note 21		1,532,782	83,792	(27,460)	20,474	63,335	1,672,923
Total Endowment	Funds
Note 22		590,630				250	590,880
		2931 174	321361	~169575	20474		3 103434
Statement ofFuads-		Balaace at					Balance
Prior year		beginning of			Iavestment		at end of
		yearf	Income f	Expeaditure	Gains f	Transfersf	yearf
General Fund		321,248	153,996	(83,943)		(100,250)	291,051
Designated Funds—
Note 20		595,718	58,770	(111,137)		(26,640)	516,711
Total Unrestricted		916,966	212,766	(195,080)		(126,890)	807,762
Funds
Total Restricted Funds
Note 21 —As Restated		1,541,055	63,749	(70,288)	31,626	(33,360)	1,532,782
Total Endowment	Funds
Note 22		430,380				160,250	590,630
		2 888 401	276 515	~265 368	31626		2931 174

NOTES TOT 21. Restricted	HE FINA Fuads	NCIAL STATE	MENTS F	OR THE YEA	R ENDED 31J	ANUARY 2	022 continued
Current year		Balance at
		beginning			Iavestment		Balaace at
		ofyearf	Income f,	Expendituref	Gainsf	Traasfersf	end ofyearf
Loco Club (all	locos)	70,244	14,615	(110)		(5,795)	78,954
J15		5,25$	4,239	(1,408)			8,089
B12		5,182	3,791	(1,224)			7,749
B12Overhaul	Appeal		6,269	(431)		44,130	49,968
WD		3,170	1,795				4,965
Wissington		2,874	510				3,384
Ring Haw		125	250				375
Steam Loco Legacy		1,070,622	21,708	(5,416)	20,474		1,107,388
31 Fund (Class	31)	802	444				1,246
Diesel Club		4,202	1,490				5,692
Heritage Coach Fund		10,480	26,121	(9,600)		25,000	52,001
Quad Art Set		2,467	125				2,592
Museum		37,791	1,980	(523)			39,248
Museum Improvements		20,910		(880)			20,030
Holt Development		4,509	455				4,964
Carriage Sheds		291,078		(7,868)			283,210
Society Grants		3 668					3068
		I 532 782	83792	~27 460	20474	63 335	I 672923
Prior year		Balance at
		beginniag			Investment		Balance at
		ofyearf	Incomef	Expenditure	Gainsf	Transfersf	end ofyearf
Loco Club (all	locos)	81,473	15,731			(26,960)	70,244
J15 B12		5,446 4,940	4,193 3,723	(1,381) (981)		(3,000) (2,500)	5,258 5,182
WD		4,900	1,170			(2,900)	3,170
Wissington		11,433	510	(9,069)			2,874
Ring Haw			125				125
Steam Loco Legacy		1,023,437	21,216	(5,657)	31,626		1,070,622
31 Fund (Class	31)	3,386	444	(5,028)		2,000	802
Diesel Club		2,732	1,470				4,202
Heritage Coach Fund		34,404	14,664	(38,588)			10,480
Quad Art Set		2,467					2,467
Museum		38,454	173	(836)			37,791
Museum Improvements		21,790		(880)			20,910
Holt Development		4,179	330				4,509
Carriage Sheds		298,946		(7,868)			291,078
Society Grants		3068					3068
		I 541 055	63749	~702$8	31626	~33360	I 532782

23. Aaalysis ofaet	asse	ts between funds
		Designated	General	Restricted	Endowment	Total
		Funds 8	Fund g	Funds 8	Fuad	Fundsf
Tangible fixed assets		219,255	61,022	303,240	327,117	910,634
Investments			31,000	949,983	263,763	1,244,746
Net Current Assets		339,561	188,793	419,700		948,054
		558816	280815	1 672923	590880	3 103434
Prior year		Designated	General	Restricted	Eadowment	Total
		Funds	Fuad	Funds	Fund	Funds
		g
Tangible fixed assets		228,251	63,378	311,988	327,117	930,734
Investments			31,000	933,089	263,513	1,227,602
Net Current Assets		288,460	196,673	287,705		772,838
		51 711	291 051	1 532 782	590630	2931 174
24. Reconciliation	ofnet income to net cash Sow from			operating activities
					2022	2021
Net income for the year (as per the statement			of
financial activities)					172,260	42,773
Depreciation charges					44,183	65,903
Gains on investments					(20,474)	(31,626)
Dividends, interest and rent from investments					(23,350)	(23,684)
(Increase)/decrease	in stocks				1,040	(11,952)
Increase in debtors					(4,491)	(78,459)
Increase in creditors					4,306	2,113
					173474	34932
25. Analysis ofcash and cash equivalents
					2022f	2021 8
Cash at bank and in	hand				795,281	619,210
Cash held by investment		managers for re-investment			4,601	14,482
					799882	633692

		2022f	2021 g
Not later than 1 year		9,100	9,100
Later than	1 year and not later than 5years	17,550	26,650
Later than	5years		100
		26650	35850