## **The Robey Trust Ltd** ## **Treasurer’s Report to the 2023 AGM for the FY ended 28 November 2022** ## **INCOME** Income for the year amounted to £27,340.50, the major sources being - **Steam Fairs & Events** £11,624.52, **Donations** £4,206.43, **Restoration Grants** £5,085.00 (AIA for Stumbles). Other significant receipts derived from **Miscellaneous** £4,946.82, including a Gift Aid claim for £1,368.56. ## **EXPENDITURE** Expenditure for the year amounted to £23,066.43, significant expenditure arising from – **Engine Costs** £8,777.96 (engine insurance £1,000.10; Stumbles firebox 50% £4,980.00; Stumbles cylinder rebore £840); **Premises Costs** £5,852.31 (building insurance £3,170.50; Electricity costs £1,200; Land purchase loan repayments £1,000); **Steam Fair & events** £6,537.57 (£3,150 transport costs; £1,700 coal); **Miscellaneous** £1,792.94 (tree surgery £250; trailer tyres £236; signs, banners £415). ## **CASHFLOW** There was a net cash inflow of £4,274.07 during the year. Closing bank balance was £11,147.20 comprising £8,521.06 in the Current Account, £1,375.19 in Cash and £1,250.95 in the Restricted Fund, which is ring fenced for Stumbles’ boiler repairs. ## **CAPITAL EXPENDITURE** None for this financial year. ## **OVERVIEW** Thanks to grants, primarily from the AIA, and the re-opening of events after a three-year hiatus, , the Trust remained solvent. The main priority for the FY 2021/2022 was to reopen revenue streams that had been largely closed off during COVID. The AIA Stumbles grant money awarded so far has been spent but the next phase of works will be less costly. The Trust is also allocating £500 per year into the Restricted Fund for that work (matched by a donation from BE) so gradually building up a ‘war chest’. Land purchase loans have now been fully repaid. A loan of £5,000, that was made to RTL to enable drawdown of the AIA grant, will be repayable over the next five years (2023 – 2027). We continued to receive 20% discretionary council tax relief, worth ~£1,665. ## **AT 2023 AGM (1[st] April 23)** Bank balance as of the date of this report is £14,826.24, comprising of £1,082.31 in Cash, £9,988.90 in the Current Account and £3,755.03 in the Restricted Account. Transport costs have become a concern and may curtail activities if the situation does not improve. Energy costs are also a concern. We are expecting to receive the final ~10% (£1,607) of the AIA grant at some point. The Council tax relief is in place for tax year 2023/24. Thanks to various successful events, donations etc we entered 2023 in a relatively strong financial position. Bryan Edwards Treasurer 31 March 2023 ## **The Robey Trust Ltd** ## **Membership Secretary’s Report to the 2023 AGM for the year Jan - Dec 2022** Membership at 31 December 2022 was 56 (63 in 2021). This total is made up of 44 (52) paid-up members, 3 family members, 8 (7) honorary members plus our patron, Roger Pridham. The total of membership subscriptions received during the year was £804 (£911) and donations added to subscriptions totalled £1,062 (£1,190). During the year we had 3 new members, none are contributors at the Works. We encourage members to receive their copies of The Globe by email as it is ‘no cost’ to the Trust against increasing costs of postage. For 2022 the split was 80% receiving by email, against 20% by post. Unfortunately the six copies of each issue that we are obliged to send to the British Library (1) and the Agency for Legal Deposit Libraries (5) have to be paper copies and posted. By decision of the Board membership subscription rates for 2022 remained unchanged as follows: |Members in employment or family membership
|£22.00| |---|---| |Students, unemployed, in retirement [over 65]
|£14.00| |Overseas members who receive their newsletters by email £22.00|| |Overseas members
|£27.00| The half-subscription rate concession for joining after June 1 remained in place. ## **AT 2023 AGM** 2023 membership at the date of this report is currently 49. This total is made up of 38 paid-up members, 2 family members, 8 honorary members plus our patron. To date subscriptions of £692 and donations of £1,127 have been received. Bryan Edwards Membership Secretary 31 March 2023. ## The Ltd Robey Trust Registered Office: **The Works** Parade Business Park Pixon Lane, Tavistock, Devon PL19 9RQ www.therobeytrust.co.uk ## **Supported by The Heritage Lottery Fund** Registered Educational Charity No 1089025 A Company Limited by Guarantee No 4225304 ## **Summary Income & Expenditure Accounts for Year Ending 28 November 2022** |**Income**
Subscriptions
Donations
Steam Fair & Events
Building Grants
Restoration Grants
Loans
Merchandise
Miscellaneous
Add Opening Balance
Less Expenditure
**Closing Balances**||current year
849.00
4,206.43
11,624.52
0.00
5,085.00
0.00
628.73
4,946.82
**£27,340.50**
6,873.13
34,213.63
23,066.43
**£11,147.20**||_prior year_
_915.00_
_3,422.59_
_2,064.15_
_8,730.00_
_16,007.62_
_0.00_
_47.10_
_3,168.11_
**_£34,354.57_**
_12,311.68_
46,666.25
39,793.12
**_£6,873.13_**|**Expenditure**
Engine Costs
Capital Expenditure
Premises Cost
Historic Artefacts
Steam Fair & Events
Administration
Consumables
Miscellaneous
**Funds**
TSB Bank - Current A/c
TSB Bank - Restricted Funds A/c
Cash in Hand||current year
8,777.96
0.00
5,852.31
0.00
6,537.57
32.64
73.01
1,792.94
**£23,066.43**
8,521.06
1,250.95
1,375.19
**£11,147.20**|_prior year_
_28,358.07_
_0.00_
_6,713.61_
_0.00_
_1,137.12_
_79.92_
_189.67_
_3,314.73_| |---|---|---|---|---|---|---|---|---| |||||||||**_£39,793.12_**| |||||||||_3,370.52_
_2,250.16_
_1,252.45_| |||||||||| |||||||||**_£6,873.13_**| For the year ending 28[th] November 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: - The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476. - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. - These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. Signed: Director ## The Ltd Robey Trust Registered Office: **The Works** Parade Business Park Pixon Lane, Tavistock, Devon PL19 9RQ www.therobeytrust.co.uk **Supported by The Heritage Lottery Fund** Registered Educational Charity No 1089025 A Company Limited by Guarantee No 4225304 ## **Balance Sheet for Year Ending 28 November 2022** |**Fixed Assets**
Steam Road Vehicles
Stationary Steam & Plant
Stationary Diesel & Plant
Trailers & Misc. Vehicles
Machine Tools & Workshop Equipment
Buildings & Land
Loans outstanding
**Current Assets**
Cash in Hand and at Bank
Restricted Funds Account
**Closing Balances**
**Total Assets**||**2020/21**
50,000.00
9,550.00
3,996.18
2,100.00
15,526.98
229,643.43
**£310,816.59**
-£6,000.00
4,622.97
2,250.16
**£6,873.13**
**£311,689.72**||**2021/22**
53,300.00
9,550.00
3,996.18
2,100.00
15,526.98
229,643.43
**£314,116.59**
-£5,000.00
9,896.25
1,250.95
**£11,147.20**
**£320,263.79**||**Movement**
3,300.00
-
-
-
-
-| |---|---|---|---|---|---|---| |||||||**£3,300.00**| |||||||| |||||||£1,000.00| |||||||5,273.28
-999.21| |||||||**£4,274.07**| |||||||| |||||||**£8,574.07**| For the year ending 28[th] November 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: - The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476. - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. - These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. Signed: Director The Robey Trust Ltd vn PL199RQ The National Lottery, Balan￿ Shoot for Year Endlng 28 Novemb•r 2022 Flx•d As Sleam Road veh￿¢$ ststionary Steam & PL•rt Ststionary Diesel & Pknt Trailer5 & Misc. Vehid8S M&hine Tools & Workshop Equwiant BuibJiThJs & LaThJ So,(￿. 9.550. 3.996.18 2,1iYJ.(kl 15.526.96 $3.3(K>.00 9.550.00 3.996.18 2,100.00 15,526.98 229.643.43 3,300.C £310￿16 £314.116.59 £3.31)0.00 L￿5 0[rt5￿dI1Vj 6.iJ)O (N) -£5.OlXI.00 £1,0(K).LlJ Cash in Hand at Bank Restricw Fun(ts Acwunt 4.622.97 2250.16 9.8￿.25 125095 5,273.28 -999.21 CIo8lng Balance• 873.13 £11.147.20 £4.274.07 T¢rtaS A8•0ts £311.689.n £320.263.79 £8.574.07 Forlho ￿arand1￿ ?8 Novemt*r 2022 comrffjwas enlitbJ b exemrkn from ￿drt under Seclion 477 oflhÈ compan￿ Aci 2006 rektirrtJ to srnaH c4)mpanies. Oweclors, fesp)nsibiltss'. . The membws nL* rwuir&l lh8 Lxvnparyto oLlatii an dits aLU)unis in q￿$t1 in a￿Or¢JanCe wth SeCt￿n 476. respecl to accounting reo)rds and ts preparabon ol the small c*)mpan￿, wime. Signed." Rthard J The Robey Trust Ltd PL19 9RQ sLco. Supportedby I1￿Ner￿a￿e￿orfreryFV￿d TF•wtr*Vorrt49pLpf.Ery Summary Inc{￿# & Exwidliure Accounts for Year Ending 28 Nowmber 2022 Subs¢rtpknn5 Donati￿9 Sieam Faw & Events Building Grants Restoration Grants Loans Merchandise MK￿lIaneOuS 91&(Q Engne Cosls 3.422 59 Capital 2.LW 15 8.730. I6,C￿7 8.777. 2&358.07 4.2Cf.43 11.62452 5.852.31 &713.61 Oi 1.137.?2 7992 189.6T 1314 73 5.085.C#) Faw & E¥￿ts 6.537 57 32.84 73.01 1,7W2.94 628.73 4.946.81 47 10 Crm5umabies 3.708 11 £27WO.50 £39.f93.12 Add Owlng 84ar 6.873.13 34,213.63 72 311 68 46.￿￿5 FundB T88 Bank. CurMtNJc Tse Bank. Resirkthl FUNIS Cash in HaThJ 8.52106 1.250 95 1.375.19 8.370.52 2.2YJ.16 7.252 45 L88s ExpaThJkwe 23,rffi.43 39.753 12 Closino Bal•ncg• £11.147.20 £4873.13 £11.14720 £6￿73.18 the ye8r ending 28° No¥emEer 2022 the to ex￿tiM a¢*J* undw SxlpJn 477 ofthe Compan￿8 Ad 2006 reL2ting to small th)y)anx. Directo￿, responslai&tEs.' . The tT*mbers Th)t ¢wuir8d the Cl￿arry lo an *Munls fc¢the in quesb" in acc￿&￿￿ vAth Secbon 476. the srndl ¢cmpanvès' regwrE. Signed.. RN*ard Jon85 DireLtor