2023-01-31-accounts

			Reference and Adtninistratlve	Details	Details	Details
			Compo ay Information
			Beard efTrustees (Directors)
			N Shnrpe (Chairmnni
			K R Ashl'ord
			D JBagard
			MR Blee
			AEDevcy
			DC Greeno
			S D Rubens
			N A Scsrleu
			G Wigglcsworth
			Co su puny Secretary
			A E Dewey
			Registered Oifke
			Sheringham Station
			Sheringham
			Norfolk, NR26 8RA
			Registered Ctnn puny Number
			D33554I I
			Registered Charity Number
			1063676
			Working Names
			MIIGN Soriety
			MJIGN Joint Raihvny Society
			MRGNJRS
			Itnlependeut EsamhreriAnditer
			Mr M Hcvvcu FCA DChA
			Peters, EIwonhy Jt Moore
			Salisbury House
			Statism Road
			Cetnbridge. CBI 2LA
			Lloyds Bank pk I West Street, Cromer Barcinys Bank pic P0Box I,Banbury
			Norlulk, NR27 %HZ Oxon.	OX		I68PS
	Peypal		Suml 'p Payments Limited CCLA Investment				Management	Limited
Bsllycoolin	industrial	Esmte	32-34 Great Marlborough Street			One Angel Lane
Dublin l5, Ireland			London, WIF 7JB		London.		EC4R 3AB
			I ave sna cut Managers
			Cazcnovc Capital Insight Financial		Advisors
			I London Wall Place 7a Alkmaar		Way
			London, EC2V 5AU Notwich Intornationa)			Business Park
			laorwich. Norfolk.			NR6 6BF

ot charity law,	who served during	dm yea	r to 31 January 2023	were:
N Sharpe	Chairman			DCGreeno
K R Ashford				P W Mayne(died09	June2022)
A M Barrs	Vice Chairman	(resigned 02 April 2023)		S D Roberts
DJBollard				N A Scarlett
MR Blee	Assistant Treasmer			R I-I Spickcr (resigned	09April 2023)
A EDewey	Treasurer k.Company		Sec unary	G Wigglcsworth

			Note	Unrestricted	Restricted	Endow	meat	2023	2022
				firnds	fuada		fund	Totalf	Total
Income and endowmenrs		front i
Donations and legacies				28,663	49,144			77,807	114,718
Other trading activi ties					7,971			7,971	7,986
investments Jt interest	receivable			6,716	23,106			29,822	23350
Charitable acdvi ties;
Conservation activities			7	97,935	2,000			99,935	89396
Education activities			8	2,108				2,108	521
Membership subscri pti	ons		9	56,476				56,476	54,425
Primary pulpOSC trading			10	14,172	26,223			40,395	31,065
Total income								314514	~321 1
Expenditure oui
Raising funds				2362	8,544			10,906	8,588
Charitable arxiviYies:
Conservation act iv it i es			7	112,487	13,031			125,518	99,405
Education activities			8	5,255	1,301			6,556	4,962
Membership			9	54,257				54,257	41,924
Primary purpose trading			10	7,697	2,089			9,786	14,696
Total expenditure				~)82	~4				169575
iNet income before investment				24,012	83,479			107,491	151,786
gains Net (losses) gains on iavestmeats			15		~31 996			~1	~44
Net income before transfers			12	24,012	51,483			75,495	172,260
Transfers between funds			22	23,873	(37,873)		14,000
Net Movement in Funds				47,885	13,610		14,000	75,495	172,260
Total Funds brought	forward			839,631	1,672,923	590,880		3,103434	2,931,174
Total Funds carried forward			19	887,516	1,686,533	604,880		3,178,929	3,103,434

Fixed Assets
Heritage assets			14	508,727	525,455
Tangible assets			14	372,390	385,179
Investments			15	1,208,876	1,244,746
Total fixed assets				2,089,993	2,155,380
Curreat Assets
Stocks				95,953	69,353
Debtors			17	33,588	97,395
Cash at bank and in	hand			973,274	795,281
Total current assets				1,102,815	962,029
Liabilities
Creditors: Amounts	falling due within	one year	18	13,879	13,975
Net current assets				1,088,936	948,054
Total assets less current liabtlitiesiaet		assets		3,178,929	3,103,434
Feeds ofthe charity
Endowment fund			22	604,880	590,880
Re suicted income funds			21	1,686,533	1,672,923
Unrestricted funds			19	887,516	839,631
Totalrharity funds				3,178,929	3,103,434

							2023		2022
							Total		Total
								f.
Cash Aaws from		operatiag		nctivisies
Net cash	geneteted	by operating activities				24		160,216		173,474
Casll Doers from		Investing		activities
Dividends, intemt		and rent		from investments		24	29,822		23,350
Purchase	ofpropety, plant			and equipment		14	(15,919)		(24,083)
Proceeds	from the	disposal		ot listed investments		15	1 lg, i55		58,796
G itiofunlisted investments						15			(250)
Pwchase	ol' listed	investments				15	(113,828)		(65,097)
Net cash	frota I(used) in		investing activities					18,230		(7,284)
Change	in cash and cash		equivalents		in the
reporting	period							178,446		166,190
Cash and	cash equivalents		at the beginning ofthe			25
reporting	period									633,692
Catdt and cash equivalents				at the ead	ofthe	25
t'sporting	pe&xi							978,328		799,882

, Income from	donations aud kgacies
			2023			2022
	Unrestricted	Restricted	Total	Unrestrkted	Restrkted	Total
	fundsf	funds	funds	funds	fonds	funds
Donations	6, 172	45,898	52,070	3,999	27,814	31,813
Legacies	~2	3 246 49944	25 737 ~7	~779 81 904	32 814	114718

					2023			2022
			Unrestricted	Restricted	Total	Unrestrkted	Restrkted	Total
			funds	funds	funds	funds	fonda	furuh
						8
Locomotive	support
clubs				~7	7971		~79
. Investments		k interest receivable
					2023			2022
			Unrestrkted	Restricted	Total	Unrestricted	Restricted	Total
			firnds	hnds	lbuds 8	funds	funds 8	hndsf
UK quoted	investmenls			13,472	13,472		13,690	13,690
UK unquoted investments Bank interest			1,575 5 141	7,947 ~17	9,522 29822	1,549 ~I	7,992 ~3 ~7	9,541 119
. Expenditure		on raising funds
					2023			2022
			Unrestrkted	Restricted	Total	Unrestricted	Restricted	Total
			funds	hnds	funds	funds	ha dc f,	fundsf
Expenditure
Locomotive	support clubs			2,874	2,874		2,742	2,742
Marketing	tk fun	drai sing	2,089	523	2,612		431	431
investment	management
charges Suppon costs (note 11)			~2	5,147 ~44	5,147 ~27 JjL995	-	5,415 8 588	5,415 ~5

						2023			2022
				Unrestricted	Rest ric red	Total	Unrestricted	Restricted	Total
				funds	funds	funds	funds	funds	feeds
Income
Locomotive	k.rolling
stork him fees				96,935		98,935	82,675	5,621	88,296
Premises licence fee				1 000		1 000	I 000		~t
									JERKS
Expenditure
Maintenance	Roperation				2,166	56,970	22348	2,100	24.448
Restoration	costs				2,997	2,997		6,364	6,364
Grant paid							3,168		3,168
Insurance				10,079		10,079	13~9		13,239
Equipment	4t	storage		1,100		1,100	1,100		1,100
Deprmiation				33410	7,868	41378	32,068	7,868	39,936
Support costs		(note 11)		~12 1 47	~tf	122( 1		~I2	99405
Net income/(expmtdi			ture)					~71	~tt 9
. Education		acdvitics
						2023			2022
				Ua restricted		Total Unrestricted		Restricted	Total
				funds		funds	fiends	fitads	funds
lnccnne
Museum entry		fees
				2 108		2 108	521		521
Expenditure
Equipment	R	storage		2,030	207	2437	500	272	772
Subscriptions		tk donations			213	213		208	208
Depreciation Support costs		(note 11)		2,618 ~7	881	3,499 ~67	2,618 483	881	3,499 483
									4994
Net expenditum				~47	~	~44	QJ}gj	~t	~4441

						2023			2022
			Unrestrkted	Restricted		Total	Unrestrkted	Restrkted	Total
			funds	funds		lands	fuads	funds	funds
					8	8		8
Income Membership	fees		~47 ~76			56476	~44 54425		~44 54425
Expenditure
Joint I ine publishing			22,176			22,176	20,491		20,491
Adminisuati	on		25,813			25,813	15,806		15,806
Suppott costs (note		I I)	~42 7			~7	~44
Net income			2 219			~219	12211
0, Prhnary	purpose tradiag
						2023			2e22
			Uarestric ted	Restrkted		Total	Unrestricted	Restricted	Total
			funds	funds		funds	*nds	*nds	funds
						8		f.
Income Shop Jt publishing		sales	14 172	~222		4~
						~4
Expenditure
Cost ofgoods sold Equipment 4storage			6,527	2,089		8,616	11,422	1,179	12,601
Deprmiation			281			281	281		281
Support costs (note		11)	889 ~797			889 ~7	I 814 JidJ2		I 814
Net income			647	~241	4			$4477

1,Support costs
	2023	2022
	Total expenditure	Total expenditure
Expenditure
OAice rent Jb charges Bank k cmdit card charges	9,128 1,744	9,322 1,169
Subscriptions Jt donations	813	867
OAice equipment depreciation	278	470
Governance Mismttsneovs expenditure	7,247 ~tt	6,809 ~4
	2L9tL	~l074
Allocated to
Expenditure on raising funds (note 6)	273
Conservation activities (note 7)	12,994	11,150
Education activities (note 8)	607	483
Membership (note 9) primary purpose uading (note 10)	6,268 889 ~2I 1	5,627 ~114 ~7

		2023	2022
Deprecation		45,436	44,183
independent Examiner's	remuneration	2.950	2,825
Expenses reimbursed to	Bcurd Members	1,934	t506
Opera(ing lease rentals		9,100	9,100

14 Taagible Fixed Assets
		V					Total
		IJ				u gl
				g
Cost at start ol'year Additions in year	627,117 ~14	367,452 ~9	994,569	520,403	4$,582	568,985	1,563,554
Cost st end of'year	641,117	369371	1,010,488	520,403	48382	568,985	1,579,473
Depreciation at start ofyear Charge for year	300,000	169,114 ~4	469,114	146,325	37,4$1	183,806	652,920 45436
Depreciation at end ofyear	300,000	201,761	501,761	157,248	39,347	196,595	698,356
Nct book valve at end ol'year	341,117	167,6111	508,727	363,155	9~5	372,390	881,117
Net book valve at start ofyear	327,117	198,338	525,455	374,078	11,101	385,179	910,634

	2023	2022		2020	2019
Purchases Jt capitalisution:
Locomotives			60,0011		35,000
Diesel multiple unit			100,000
Carriages and wagons	14,000				35,000
Other collection items			250	1,674	1,417
Locomotive Boilers	1,919	24,083	5,766	47332
Charge for deprecituion;
Locomotive boilers	32,647	31,078	52,544	52,543	43,757
Disposals carrying amounts:
Locomotive boilers
Carriages and wagons					10
Proceeds from disposals:
Locomodve boilers
Carriages und wagons					1,000

5.Iuwstmeats
			2023		2022
Shares in North Norfolk	Railway PLC		263 763
Total Shares in Associate		at cost		25tZQ
North Norfolk Railway PLC Bond Issue 4			30,000		30,000
Midland tk Great Northern		Heritage Limited	1,000		1,000
Zen zic Loan Note			J99d!K		~100
Total Unquoted Investmems at cost				~tt	~t
Cazenove Charity NURS Prudential Assurance and		Fund LGT Vestin Fund	304.070 ~043		316,855 533 128
Total quoted investments		at fair value
Total invesnnents srcost		or fair value			~74
Movement in quoted fixed asset invcsunents:				2023	2022
				8
Fair value at beginning ofthe year				845,382	818,607
Addi tions at cost				113,828	65,097
Disposal proceeds				(118,155)	(58,796)
Realised gains				3,073	2,691
Disposals at opening fair		value		(115,082)	(56,105)
Net unrealised invesunent		gains f(losses)		35069	177
Fair value at end ofthe year				809,059	845,382
Cash held by investment	managers for re-investment			5,054	4,601
Total quoted investments		at fair value		814 113	849983

he Sociery's appmximately 30.7v/o (2022	30.8'/v) proportions ofth	e share capi	tal and profits oft	he NNR
	2023		2022
	8
Share Capital	263,763	30.7	263,763	30.8
Prollt and loss account	(94,989)	30.7	(12,930)	30.8
Net (loss) / profit for the year	(82,103)	3G.7	60,079	30,8

							2023	2022
P repay	ments and accrual				income		18,580	18,991
Gther	debtors						15,008	78,404
								97395
lg. Creditors;			Amounts		faHiag due within oae year
							2023	2022
								g
Trade	Creditors						5,351	4,165
Amounts		owed	to group		and associated	undertakings	802	802
Accruals		and deferred		income			3,255	4,853
Taxation		and social security					4,471	4,155
								13975

Sta tame at ofFunds—	Sta tame at ofFunds—	Balance at						Balance
Current year		beginning				Investrnent		at end of
		ofyear	Income		Kspenditure	Losses	Transfers	year'
						f.		8
General Fund Transfers re: prior Adjusted opening	years balance	280,815 tttti 380815						280,815 tttti ~t
Transactions in year		380815	86644		105 123			~27 17
Designated Funds
Note 20		558,816						55&,816
Transfers re: prior	years	~IGG 000						~I
Adjusted opening	balaace
Transactions in year		458 816	119426		769		991991
Total Unrestricted	Funds	839,631	206,070		(182,058)		23,873	887,516
Total Restricted Funds
Note 21		1,672,923	10&,444		(24,965)	(31,996)	(37,873)	1,686,533
Total Endowment	Funds
Note 22		590,880					14,000	604,880
		3 103434	314514		~207023	~31		17 92
Statement ofFunds-		Balance at						Balance
Prior year		beginaing of				Investment		at end of
		year	Income		Expenditure	Gains 8	Transfers	year
General Fund		291,051	154,894		(95,750)		(69,380)	280,815
Desigmued Funds—
Note 20		516,711	82,675		(46,365)		5,795	558,816
Total Unrestricted		807,762	237,569		(142,115)		(63485)	839,631
Fends
Total Restricted Funds
Note 21 —As Restated		1,532,782	83,792		(27,460)	20,474	63,335	1,672,923
Total Endowment	Funds
Note 22		590,630					250	590,880
		~29 I 174	~21	I	~	~44

Current year		Balance at
		beginaiag			Investment			Balance at
		ofyear	Income	Expenditure	Losses		Transfers	ead ofyearf
Loco Club (ag	looos)	78,954	13,274	(121)			(24,516)	67,591
JI5		8,089	7,892	(I,325)			(2,500)	12,156
B12		7,749	3,872	(1,428)			(&75)	4,618
BI2 Overhaul	Appeal	49,968	7,966	(406)			651	58,179
WD		4,965	1,370				(4,660)	1,675
Wissington		3384	510					3,894
Ring Haw		375	135					510
Steam Looo Legacy		1,107,388	23,102	(5,147)	(31,996)			1,093,347
31 Fund (Class	31)	1,246					(780)	910
Diesel Club		5,692	1,515	(117)				7,090
Heritage Coach Fund		52,001	29,112	(5,774)				75,339
Quad Art Set		2,592						2,592
Museum		39248	5,756	(1,674)				43,330
Museum Improvements		20,030		(880)				19,150
Holt Development		4,964	330					5,294
Carriage 8hedr,		283,210		(7,868)				275,342
Railway Cottage			2,392	(225)				2,167
PEG Fund			10,774					10,774
Sociery Grants								2 575
		923	108444				~37873	~16865
Prior year		Balance
		at
		beginning			Invesmt	eat		Balance at
		ofyear	Incotne g.	Expenditure 8	Gains		Transfers f,	ead ofyearf
Loco Club (all	looos)	70,244	14,615	(110)			(5,795)	78,954
J15		5,258	4,239	(1,408)				8,089
Bt2 Bi2 Overhaul	Appeal	5,182	3,791 6,269	(I224) (431)			44,130	7,749 49,968
WD		3,170	1,795					4,965
Wissington		2,874	510					3,384
Ring Haw		125	250					375
Steam Looo Legacy		1,070,622	2t,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 Society Grants		291,078 ~06		(7,868) ~27460	~2474			283,210 306$ ~7

			Desigaated	General	stricted	Endowment	Total
			Funds	Fund	Funds	Fund	Funds
							8
Tangible		fixed assets	234,610	10,899	294,491	341,117	881,117
lnvestmcnts				31,000	914,113	263,763	1,208,876
Net Current Assets			365,728	245,279	477,929		1,088,936
prior	year		Designated	Geaeral	Restricted	Eudmv meat	Total
			Funds	Fund	Funds	Fund	Funds
			8	8
Tangible		fixed asses	219,255	61,022	303,240	327,117	910,634
Inveenn	en	ts		31,000	949,983	263,763	1,244,746
Net Current Assets			339,561	188.793	419,700		948,054
			5 81	280815	I 672923	590880

		2022
Net income for the year (asper the statement of
financial activities)	75,495	172,260
Depreciation charges	45,436	44,183
Losses / (Gains) on investments	31,996	(20,474)
Dividends, interest and rent from investments	(29,822)	(23350)
(Increase) / dectoase in stocks	(26,600)	1,040
Decrmse / (Incrmse) in debtors	63,807	(4,491)
(Decrease) / increase in creditors	(96)	4,306
	Ittt2166	1734

				2023	2022
Cash	at bank and in hand			973,274	795,281
Cash	held by investmem	managers	for re-investment	5,054	4,601

			2023	2022
			g
Not tater	than	I year	9,100	9,I00
Later than	I year and noi liner than 5years		8,450	17,550