SWDYDON & CRICKLADE RAILWAY FINANCIAL STATEMEWTS FOR THE YEAR ENDED 31 JANUARY 2024 REGISTERED NUMBER . 03479479 DERRICK NEWMAh LIMITSD ACCOUNTANTS AD5P6Y16 2010612024 COMPANIES HOUSE A19
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COMPANY INFORMATION FOR THE YEAR ENDED 31 JANUAR Y 2024 TRUSTEES W Poling P Martin W Daly K Goodwin C Tomes A Colleil P KeDnard J Croton J Dent L Webster-may M Abbon P Logan B Robinso]J A Sbale N Willoughby P Hanseiman SECRETARY N Hatcher COMPANY NUMBER 03479479 REGISTERED CHAIUTY NUMBER 1067447 REGISTERED OFFICE Blunsdon Staiion Tadpole Lone Blunsdon Swindon Wiltshire SN25 2DA ACCOUNTANTS Derrick Nenan Limited Chartered A¢¢ountaDts 29 Both Road Swindon Wiltshire SNI 4AS
SWllYDON & CRICKLADE RAILWAY FllYANCIAL STATEMENTS FOR THE YEAR ENDE 31 JANUARY 2024 coENTs Pa8e Trustees report Independent Examiners report Stalement of financial activities Balance sheet Notes to the fi08D¢ial statements The following pages do thot form part of the statutory accounts Schedules lo the statement of fll)ancial activities Appendices 1-2
SWllYDON & CRICKLADE RAILWAY TRUSTEES REPORT FOR THE YEAR ENDED 31 JANUARY 2024 The trustees present their report aDd the financial statements for the year ended 31 January 2024. PRINCIPAL ACTIVITY To preserve for the public benefit stcam and other railway locomotives and rolling stock, machinery and equipment of educ2tion21 and histori¢21 interest. TRUSTEES The tru5tecs who served during the period l Febnwy 2023 to the date of this report were W Poling P Martin W Daly K Goodwin C Tomes A Colleit P Kennard J Croton J Dent L Webslcr-may M Abbott P Logan B Robinson A Shale N Willoughby P Hanselman - Resigned 9 June 2023 - Resigned 28 February 2023 - Resi8ned 5 May 2023 - Resigned 16 March 2023 - Resigned 5 May 2023 - Resigned 9 June 2023 - Appointed 12 March 2023 aDd Resigned 9 June 2023 - Appointed 9 June 2023 - Appointed 9 June 2023 - Appointed 9 June 2023 - Appointed 9 June 2023 - Appointed 9 June 2023 -Appoinled 9 June 2023 and ResigDed I September 2023 The company, incorporated under the Companies Act 1985, is Limited by GuaraDlee and does not bave a Share Capilal. RESERVES POLICY The Trnsttts have always mairAtaiDed a stringent Reserves Policy. Regular re¢urriDg overheads are comparatively low. Reserves are norn)ally in place to cover six moDtbs regular recurrin8 overbeads. IUSK The major risks to which the charity is exposed are under constant Teview and systems have been estabb'shed to tuitigate those risks. SMALL COMPANY RULES These fin8Dcial statements bave been prepared in accordance with the special provlsions of Part 15 of the Companies Act 2006 relating to Sn11 compallies.
SWINDON & CRICKLADE RAILWAY TRUSTEES REPORT FOR THE YEAR ENDED 31 JANUARY 2024 STATEMENT OF TRUSTEES RESPONS[BILtEs Company law requires the InleeS to prepare financial statements for each financial ycar wbich 8ive true and fair view of the stste of affairs of Swindon & Cricklade Railway os at the balance sheet date and of the net incoming resources and application of resources, including incom¢ and exp¢llditur¢ of Swindon & Crickladc Railway for the fmaDcial ycar. In preparin8 those FanCial statements, the trust¢es should follow best practice gnd . selecl suitable ac¢ounting policies and apply them consistently make judgements and estimates that are reasonable and prudent state whether applicablc accounting standards have been followed, subject to any material dcpartiir¢s disclosed and explained in thc fman¢iaJ statements prepare the financial statemeots on the goiDg concern basis unless it is inappropriate to presume that Swindon & Cricklade R#ilway will continue in business The truslees are responsible for keeping proper accouDting records which dlsclose with re&sonable accwacy at any lime the fjnancial position of Swindon & Cricklade Railway ODd lo enable them lo ensure thAt the fmancial statemcnts comply with the Companies Act 2006. They arc also responsible for safeguardin8 the asscts of Swindoo & Cricklade Railway and bence for takiDg reasonable steps for the prevention and detection of fraud 8nd other itregularities. This report was approved by the trSte¢S OD 5 April 2024 and signed OD their behalf M Abbott (TnLslee)
SWllYDON & CRICKLADE RAILWAY DEPENDENT EXAMINERS REPORT TO THE TRUSTEES ON THE UNAUDITED ACCOUNTS OF SWllYDON & CRICKLADE RAtLWA Y COMPANY NUMBER . 03479479 I report lo the trustces OD my examination of the accounls of the Switidon & Cricklade Railway Trust (the Trusl) for the year ended 31 January 2024. RESPONSIBILITIES AND BASIS OF REPORT As the charity trustees of the Trust you are responsible for the preparation of the g¢¢ounts in accordance with the requirements of the Charities Act 2011 Cthe Act,). I report in respect of my examination of the Trusvs accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Cbarity Commission under section 145(5)(b) of the Act. )EPENDENf EXAMllYER'S STATEMENT I have completed my examination. I confrm thst 00 material marlers have come to my attention in connection with the examioation givitig me Cause to believe that in any material respect .' (l) accouniiog records wcre not kept in respect of the Trust as required by sectionl 30 of the Act ' or (2) the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examinaiion to which attention should be drawn in this respect in order to enable a proper understanding of the accounts to be reached, 12 April 2024 P J Crowley FCA Derrick Newman Limited Chartered Ac¢ounlaDts 29 Bath Road Swindon Wiltshire SNI 4AS
SWINDON & CRICKLADE RAILWAY STATEMEIYT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2024 Unro8tricted Re8trRCted Funds Funds TOTAL FufiDS 2024 2023 Iyote INCOMING RESOURCES Incoming resources from donors 700,201 55,066 755267 93,073 Other voluntary incoming resources 7,919 7,919 7,809 Income from charitable & ancill trading 171,797 1.870 J73,667 148,764 Income from investrnents 9,386 148 9,534 195 TOTAL INCOMING RESOURCES 889,303 57.084 946,387 249,841 RESOURCES USED Activities directly relatin8 to the work of the charity 248,506 7,172 255,678 184,932 Charity management aDd adtllinistration 2,441 2,441 2,564 TOTAL RESOURCES USED 250,947 7,172 258,119 187,496 RETAINED NET INCOMINC RESOURCES FOR THE YEAR 638.356 49.912 688,268 62,345 RETAtNED RESOURCES .BROUGFtr FORWARD 617,890 731,177 1,349,067 1,286,722 RETAINED RESOURCES CARRIED FORWARD 1.256,246 781,089 2,037,335 1,349,067
SWINDON & CRICKLADE RAILWAY BALANCE SHEET AT 31 JAIYUARY 2024 2024 2023 Note FIXED ASSETS Tangible fixed assets 1,268,385 1.082,432 CURRENT ASSETS Stock Debiors Cash at bank and in hand 1.905 19,868 747,900 2,676 18.174 246,142 769,673 266,992 CREDTfoRS . amounts falling due within one year 723 357 NET CURRENT ASSETS 768.950 266,635 TOTAL ASSETS LESS CURRENT LIABILITJES 2,037,335 1,349,067 CREDITORS . amounts falling due after more than one year NET ASSETS 2.037.335 1.349,067 io Unrestricted Restri¢led 1.256,246 781,089 617,890 731,177 2,037,335 1.349,067 ( continued )
SWINDON & CRICKLADE RAILWAY BALANCE SHEET AT 31 JANUARY 2024 (continued ) The company is entitled to exemption from audit under Section 477 of tbe Companies Act 2006 for the year ended 31 January 2024. The members have not requircd the company to obtain an audit of its fmancial statements for the year ended 31 January 2024 in accordhncc with Seclion 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for . (a) ensuriJJg that the company keeps accounting records wtrAi¢h comply with Sections 386 and 387 of the Companies Acl 2006 and (b) preparing fiDancial statements which give 8 true and fair view of the slale of affairs of the company &8 at the end of each financial year and of its net incoming resources for each fiDaDcial year in accordance with the requ1Ments of Sections 394 and 395, and which other+vise comply with the requirements of the Companies Act 2006 relating to finaDciaJ statements. so far as applicable to the company. These financial slalements are prepared ID accordance with the special provisions of Pllrt 15 of the Con)panies Act 2006 relating to 5m&ll cornpanies. The financial statemeDts on pagcs three to seven were approved by the trSteeS on S April 2024 and signed on their bebalf by .' M Abbott (Tnlstee)
swtNDON & CIUCKLADE RAILWAY NOTES TO THE FINANCIAL STATEMENfs FOR THE YEAR EIWED 31 JANUARY 2024 sTAToRy llWORMATION Swindon & Cricklade Railway is a private company, limited by guaranlee, registered in England and Wales. The companys registered number and registered office address can be found on the Company Infortnation pag¢. AccouNfllYG POLICIES Basis of Preparlng the Financial Statements These fuwicial slatements have been prepared in accordance with the provisions of Section l A "Small Entitie5" of Financial ReportiDg Standard 102 e Financial Reporting Standard applicable in the UK and Republic of Ireland., the Companies Act 2006 and the Statement of Recommended Practice "Ac¢ounting by Charities" The financial statements have l)een prepared under the historical cost convention. Tangible Flxed Assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated ful life. Buildings and equipment Plgnl 15 % reducing balance basis In4lienable aDd Hi3torle Assets In view of the fact that . i) most of the lo¢oTnotives and e&ffiages in the Trusts collection 8re unique. ii) most of them were purchased some years a80. iii) the Trust's Disposal Policy has a strong presumption against disposal of ilems in its formal collection; and iv) accurate values are ditrieult to obtain, the Trustees do noi feel it is appropriat¢ to attribule a capital value to the locomotives and ¢arriages in its f0rlll collectiort. Stocks Stocks arc valued at the lowcr of cost and net rcalisable value, after making due allowance for obsolete and slow mOViDg ilems. STAFF COSTS There are no staff costs. NET INCOMING RESOURCES Net iticomiDg resources are stated after cbarging . 2024 2023 Depreciation - owned assets 25,873 16,489 Trustees emoluments and other benefit5 etc. TAXATION No cozporatlOD tax charge arises &s tbe company is exempt due to its cbaritsble slalus.
SWINDON & CRICKLADE RAILWAY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024 TANGIBLE FIXED ASSETS Buildings & Equlpm¢nt Plant Total COST l February 2023 Disposals Additions 988.974 220,054 1.209.028 (6000) (6000) 81.295 214,089 132,794 31 January 2024 1,121,768 295,349 1,417,117 DEPRECXATION l Febnw 2023 Disposals Charge for the year 126,596 (3737) 25,873 126,596 (3737) 25,873 31 January 2024 148,732 148,732 NET BOOK AMOUNT 31 January 2024 l Febnw 2023 1,121,768 988,974 146,617 1,268,385 93,458 1,082,432 DEBTORS . AMOUNTS FALLING DUE WITHtN ONE YEAR 2024 2023 Debtors Prepawients 16,297 3.571 5,225 12,949 19,868 18,174 CREDITORS . AMOUNTS FALU¥G DUE wrrHtN ONE YEAR 2024 2023 Trade ¢reditors 723 357 CREDITORS . AMOUNTS FALLll¥G DUE AFTER OIYE YEAR 2024 2023 Nil
SWINDON & CRICKLADE RAILWAY NOTES TO THE FiNANCIAL STATEMENTS FOR THE YEAR EIYDED 31 JANUARY 2024 io AIYALYSIS OF NET ASSETS BY FUND Unrestricted Restricled Funds Funds Totsl FuDd$ 2024 2023 Flxed &ss¢ts Currenl Lssets Current liabilitie5 Long terni liabilities 629,565 627,404 (723) 638,820 1,268,385 1,082,432 142.269 769.673 266,992 (723) (357) 1,256,246 781,089 2.037.335 1,349,067 R¢stricled Fund balanecs at 31 January 2024 comprise Building Works 3,279 1,031 6,132 7.456 2,230 1,758 178 10,996 4.412 26,459 39,515 4,336 1,922 25,820 545 6,200 142.269 Railway Extension Spartan Paint Shop Rallb PW Tool S&T Thumper Transport and Works Order Viniage Train Clnema Coach CCTV Solar Panels Museum Richard Trevithick De5ignaied Fund balances at 31 January 2024 Comprise Machine Usage Spartan Moonraker Coach 34540 7,258 36.337 1.085 1,304 45.984 li COMPANY STATUS The company being Limited by Guarantee. does not have a Share Capital. ID the event of the company being wound-up, each member undertakes to contribute an amount Dot exceeding £10.
Appendii I SWNDON & CRICKLADE RAILWAY SCHEDULE TO THE STATE1*NT OF FINANCIAL ACTIvrfiES FOR THE YEAR ENDED 31 JANUARY 2024 YCOMtNG RESOURCES Unrestrkted Restrketed Funds Funds TOTAL FUNDS 2024 2023 In¢otning resources from donors Dooations 24,117 38,703 62,820 49.737 Legacy 635.377 635,377 Pandemic Grants 3,167 Grants 5,000 5,000 10,217 Income tax recovered 1,598 11,363 12,961 4.585 Profit shedding deed - S&CR Lin)ited 39,109 39,109 25.367 700,201 55,066 755,267 93,073 Other voluntary incomin8 resources Membcr5hip subscriptions 7,919 7,919 7,809 Incorne from charitable & ancillary trading Ticket sales & events 164,634 164,634 143,456 Sale of scrap 6,901 1,620 8,521 5.308 Sundry income 262 250 512 171.797 1,870 173,667 148,764 Jncome from investn]enls Interest received 9,386_ 148 9,534 195 TOTAL INCOMtNG RESOURCES 889,303 57,084 946,387 249,841 This page does not forni part of the statutory financial statements
Appendix 2 SWINDON & CIUCKLADE RAILWAY SCHEDULE TO THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2024 RESOURCES USED Unrestricted Roltricted Funds FuDd$ TOTAL FUNDS 2024 2023 Activilies directly relating to the work of tbe clwity Insurance Locomotive shed ruDDin8 costs Locomotive & rolling stock maintenance Locomotive fjjel & hire Planl & vehicle maintenance Th1n8 costs Buildings & works 11,983 2,934 25.566 68,906 2,392 8,400 11,983 2.934 29,241 68,906 3,655 8,564 14,305 3,084 16,)29 37,484 5,855 8,923 3,675 1.263 164 ri,1! Site expenses Events Utilities 15,592 70,808 7,966 2,140 3,683 2,263 25,873 2,070 17,662 70,808 7,966 2,140 3,683 2,263 25,873 11.018 56,428 5,989 2,140 7.088 Sundry expenses Loss on Disposal of Fixed Assel Depreciation 16,489 248,506 7,172 255,678 184,932 Charity nwiagemenl and administration Postage & slationery 2,441 2,441 2,564 TOTAL RESOURCES USED 250,947 7,172 258,119 187,496 This pa8e does not forni part of the stalutory fuwicial statements