Swindon & Cricklade Railway (A company limited by Guarantee)
Trustees Report For the Year Ended 31 January 2022
Charity Number 1067447 Company Number 3479479
and
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022
REGISTERED NUMBER 03479479
DERRICK NEWMAN LIMITED ACCOUNTANTS
Rebuilding Yesterday’s Railway For Tomorrow’s Children
Swindon & Cricklade Railway Report of the Trustees for 2021 - 2022
Structure
The Charity (Registered Number 1067447) is a Company Limited by Guarantee (Registered in England, Number 3479479)
Registered Office, Blunsdon Station, Tadpole Lane, Blunsdon, Swindon SN25 2DA
Principal Place of Business: Blunsdon Station, Tadpole Lane, Blunsdon, Swindon SN25 2DA
Management
The Charity is governed by its Memorandum and Articles of Association incorporated on 11 December 1997 as amended by special resolution dated 5 June 2015. In the event of the Company being wound up each member is required to contribute an amount not exceeding £10. There are currently 638 members eligible to vote at general meetings.
Aims and Objectives
The Charity’s object is to preserve for the public benefit steam and other railway locomotives and rolling stock, machinery and equipment of educational and historic interest.
Appointment of Trustees
The Directors of the Company are called Trustee and for the purpose of Charity Law fulfil that role. Under the requirements of the Memorandum and Articles of Association, the Trustees are elected to serve for a period of up to three years, after which they must be reelected at the next Annual General Meeting.
The Trustees who served during the financial year are listed in the financial statement section of this report.
During the period covered by this report, the Chairman of the Board of Trustees was D Nash until 20 August 2021, and subsequently W Poling. The other officers of the charity, who were not Trustees, were: Acting Treasurer R Wear, Company Secretary R Barber.
The Trustees retiring by rotation are M Denton, W Poling and A Webb..
Achievements and Performance during the year
The charity as part of its object to restore locomotives and rolling stock continues to develop the railway as a means by which they may be displayed and operated. This enables the public to see and experience the vehicles as operated in their heyday. Our third station at Taw Valley Halt has greatly improved access for visitors from Swindon making use of public transport. Our focus has now shifted to extending northwards towards Cricklade.
The ongoing Covid-19 pandemic meant that we were only able to re-open for limited scheduled socially-distanced services using compartment stock from May 2021, and most of our special events were postponed. Using our online booking system we managed to run several of the delayed special events, and also a sold-out Santa season and a popular New Year celebration, before our maintenance shutdown.
The income raised by these services helped to fund our northwards extension, as they were well supported by our local visitors. Total ticket sales were still well below those during a normal year. We are still doing all we can to maintain and ensure the security of the Railway and to conserve our funds and resources.
We were unable to host any group visits or school parties this year due to the restrictions.
| TRUSTEES | MDenton | |
| AWebb | ||
| WPoling | ||
| ABott | ||
| PMartin | ||
| ATomes | ||
| WDaly | ||
| KGoodwin | ||
| C Tomes | ||
| SECRETARY | RBarber | |
| COMPANYNUBBER | 03479479 | |
| REGISTEREDCHARITYNUDIBER | 1067447 | |
| REGISTEREDOFFICE | BlunsdonStation | |
| TadpoleLane | ||
| Blunsdon | ||
| Swindon | ||
| ‘ | Wiltshire | |
| SN25 2DA | ||
| ACCOUNTANTS | DerrickNewmanLimited | |
| CharteredAccountants | ||
| 29BathRoad | ||
| Swindon | ||
| Wiltshire | ||
| SN1 4AS |
| Page | ||
|---|---|---|
| Trusteesreport | 1 | |
| IndependentExaminersreport | 2 | |
| Statementofnancial | activities | 3 |
| Balance sheet | - 4 | |
| Notestothenancial | statements | 5-7 |
| Thefollowing pages | donotformpartofthestatutoryaccounts | |
| Schedulestothe statementofnancial activities | Appendices 1-2 |
| MDenton | |
|---|---|
| DNash | - Resigned20 August 2021 |
| J Simpson | —Resigned20August2021 |
| AWebb | |
| WPoling | |
| ABott | |
| PMartin | |
| ATomes | |
| WDaly | |
| KGoodwin | -Appointed20August 2021 |
| C Tomes | -Appointed20August2021 |
| Unrestricted | Unrestricted | Restricted | TOTALFUNDS | TOTALFUNDS | |
|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||
| Note | £ | £ | £ | £ | |
| INCOMINGRESOURCES | |||||
| Incomingresourcesfromdonors | 48,603 | 57,467 | 106,070 | 82,455 | |
| Othervoluntaryincomingresources | 7,495 | - | 7,495 | 8,204 | |
| Incomeom charitable& ancillarytrading |
115,208 | - | 115,208 | 21,269 | |
| Incomefrominvestments | - | 98 | 98 | 363 | |
| TOTALINCOINIINGRESOURCES | 171,306 | 57,565 | 228,871 | 112,291 | |
| RESOURCESUSED | |||||
| Activitiesdirectlyrelatingtotheworkofthe | |||||
| charity | 117,621 | 3,603 | 121,224 | 74,251 | |
| Charitymanagementandadministration | 6,269 | - | 6,269 | 7,132 | |
| TOTALRESOURCESUSED | 123,890 | 3,603 | 127,493 | 81,383 | |
| RETAINEDNETINCOMING | |||||
| RESOURCESFORTHEYEAR | 47,416 | 53,962 | 101,378 | 30,908 | |
| RETAINEDRESOURCES | |||||
| BROUGHTFORWARD | 553,088 | 632,256 | 1,185,344 | 1,154,436 | |
| RETAINEDRESOURCES | |||||
| CARRIEDFORWARD | 600,504 | 686,218 | 1,286,722 | 1,185,344 |
| x | ||||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Note | £ | £ | £ | £ | ||
| FIXEDASSETS | ||||||
| Tangiblexed | assets | 6 | 1,046,773 | 986,147 | ||
| CURRENTASSETS | ||||||
| Stock | 900 | 700 | ||||
| Debtors | 7 | 8,588 | 5,859 | |||
| Cashatbankandinhand | 230,876 | 192,970 | ||||
| 240,364 | 199,529 | |||||
| CREDITORS | : amountsfallingdue | |||||
| withinoneyear | 8 | 415 | 332 | |||
| NETCURRENTASSETS | 239,949 | 199,197 | ||||
| TOTALASSETSLESS | ||||||
| CURRENTLIABILITIES | 1,286,722 | 1,185,344 | ||||
| CREDITORS | : amountsfallingdue | |||||
| aer morethanoneyear | 9 | - | - | |||
| NETASSETS | 1,2,722 | 1,185,344 | ||||
| FUNDS | 10 | |||||
| Unrestricted | 600,504 | 553,088 | ||||
| Restricted | 686,218 | 632,256 | ||||
| 1,286,722 | 1,185,344 | |||||
| ( | continued) |
| 6 | TANGIBLEFIXEDASSETS | |||
|---|---|---|---|---|
| Buildings& | Plant | Total | ||
| Equipment | ||||
| COST | £ | £ | £ | |
| 1 February 2021 | 870,246 | 208,247 | 1,078,493 | |
| Additions | 75,863 | 2,524 | 78,387 | |
| 31 January2022 | 946,109 | 210,771 | 1,156,880 | |
| DEPRECIATION | ||||
| 1 February2021 | - | 92,346 | 92,346 | |
| Chargefortheyear | - | 17,761 | 17,761 | |
| 31 January2022 | - | 110,107 | 110,107 | |
| NETBOOKAMOUNT | ||||
| 31 January2022 | 946,109 | 100,664 | 1,046,773 | |
| 1 February 2021 | 870,246 | 115,901 | 986,147 | |
| 7 | DEBTORS :AMOUNTSFALLING DUEVVITHINONEYEAR | |||
| 2022 | 2021 | |||
| £ | £ | |||
| Debtors | 3,425 | 2,276 | ||
| Prepayments | 5,163 | 3,583 | ||
| 8,588 | 5,859 | |||
| 8 | CREDITORS :AMOUNTSFALLINGDUEVVITHIINONEYEAR |
| 8 | CREDITORS :AMOUNTSFALLINGDUEVVITHIINONEYEAR | ||
|---|---|---|---|
| 2022 | 2021 | ||
| £ | £ | ||
| Tradecreditors | 332 | ||
| 9 | CREDITORS : AMOUNTSFALLING DUEAFTERONEYEAR | ||
| 2022 | 2021 | ||
| £ | £ | ||
| Nil |
Nil |
| Unrestricted | Restricted | Total | Funds | |
|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Fixed assets | 460,420 | 586,353 | 1,046,773 | 986,147 |
| Current assets | 140,499 | 99,865 | 240,364 | 199,529 |
| Currentliabilities | (415) | - | (415) | (332) |
| Longtermliabilities | - | - | - | - |
| 600,504 | 686,218 | 1,286,722 | 1,185,344 |
| strictedFundbalances at 31 | January2022 compris | e |
|---|---|---|
| £ | ||
| BuildingWorks | 2,042 | |
| Barn | 1,515 | |
| RailwayExtension | 6,428 | |
| Spartan | 7,630 | |
| Paint Shop | 2,229 | |
| PWTool | 3,140 | |
| S&T | 11,372 | |
| Thumper | 5,420 | |
| TransportandWorlcsOrder | ~ | 26,459 |
| VintageTrain | 28,761 | |
| CinemaCoach | 4,869 | |
| 99,865 |
| ignatedFundbalances at 31 January 2022 | comprise |
|---|---|
| £ | |
| MachineUsage | 5,550 |
| Spartan | 17,512 |
| Moonraker | 1,289 |
| Coach34540 | 1,500 |
| 25,851 |
| INCO1\/HNGRESOURCES | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | TOTALFUNDS | |||
| Funds | Funds | 2022 | 2021 | ||
| £ | £ | £ | £ | ||
| Incomingresourcesom donors |
|||||
| Donations 7 |
16,798 | 32,122 | 48,920 | 57,971 | |
| Pandemic Grants | 10,730 | - | 10,730 | 17,802 | |
| Grants | - | 19,783 | 19,783 | - | |
| Incometaxrecovered | 1,043 | 5,562 | 6,605 | 6,682 | |
| Prot shedding deed - S&CR |
Limited | 20,032 | - | 20,032 | - |
| __3§,'5i>3' | __5"lF57 | __i55,'575'_'§.'ZZ§§' | |||
| Othervoluntaryincomingresources | |||||
| Membership subscriptions | 7,495 | - | 7,495 | 8,204 | |
| Incomefromcharitable& ancillarytrading | A | ||||
| Ticket sales& events | 101,339 | - | 101,339 | 20,137 | |
| Saleofscrap 4 |
3,869 | - | 3,869 | 1,132 | |
| Insuranceclaim | 10,000 | - | 10,000 | — | |
| T531?____l' | '_i'i'5',TzW‘-5153? | ||||
| Incomefrominvestments | |||||
| Interestreceived | - | 98 | 98 | 363 | |
| TOTALINCOMINGRESOURCES | 171,306 | 57,565 | 228,871 | 112,291 |
| ESUSED | ESUSED | |||
|---|---|---|---|---|
| Unrestricted | Restricted | TOTAL | FUNDS | |
| Funds | Funds | 2022 | 2021 | |
| £ | £ | £ | £ | |
| rectlyrelatingtotheworkofthecharity | ||||
| Insurance | 13,173 | - | 13,173 | 14,287 |
| Locomotive shednmningcosts | 1,140 | - | 1,140 | 525 |
| Locomotive&rollingstockmaintenance | 9,059 | - | 9,059 | 5,042 |
| Locomotivefuel&hire | 31,005 | 3,603 | 34,608 | 6,403 |
| Plant&vehiclemaintenancerunningcosts | 8,367 | - | 8,367 | 5,703 |
| Site expenses | 10,573 | - | 10,573 | 6,954 |
| Events | 14,249 | - | 14,249 | 3,535 |
| Utilities | 6,098 | - | 6,098 | 5,443 |
| Magazines | 2,100 | - | 2,100 | 2,400 |
| Sundryexpenses | 4,096 | - | 4,096 | 3,505 |
| Depreciation | 17,761 | - | 17,761 | 20,454 |
| 117,621 | 3,603 | 121,224 | 74,251 |
| Charitymanagementandadministration | ||||
|---|---|---|---|---|
| Postage, stationery&publicity | 6,269 | — | 6,269 | 7,132 |
| TOTALRESOURCESUSED | 123, | 3,603 | 127,493 | 81,383 |