2021-12-31-accounts

	2021	2020
Adults	920	969
Families	849	956
Juniors	3	5
Young persons	4	8
Life members	418	422
Associate Life members	34	34
Total	2,228	2,394

		2021	2020
NG15 project	£	8,742	£ 22,496
K1 project	**£ **	32,737	£ 31,991
Designated funds

				7020
Historical railway assets fund	£	700	£	700
Station View property fund	1230,000		£225,374
Station View maintenance fund	1	11,410	£	7,910
NG15 project contingency fund	£	22,256	**£ **	90,000
Smaller project allocation fund;	**£ **	29,746	**£ **	41,779
NG15 appeal	**£ **	11,310	£
NGG16 boiler appeal		−	£	8,710
Third class saloon appeal fund	£150,000		£	88,619
Dinas facilities contingency fund	**£ **	11,652	£	5,225
Coronavirus appeal fund	£	117	£	3,259
Unrestricted funds
		2021		2020
Unrestricted funds (free reserve)	£	44,572	£146,133

					31.12.21	31.12.20
		Unrestricted	Designated	Restricted	Total	Total
		fund	funds	funds	funds	funds
	Notes	£	£	£	£	£
INCOME AND
ENDOWMENTS FROM
Donations, legacies & gift aid	3	24,987	4,758	1,677	31,422	83,095
Charitable activities	6
Subscriptions & Diamond appeal		79,257			79,257	88,602
Accommodation income			2,366		2,366	370
Coronavirus appeal			1,856		1,856	24,508
General appeals			19,189	9,564	28,753	18,810
Other trading activities		240			240	1,028
Investment income		13			13	119
Total		104,497	28,169	11,241	143,907	216,532
EXPENDITURE ON
Raising funds	7	171		536	707	423
Charitable activities	8
Donations to the Festiniog
Railway Company		117,405	30,284	91,457	239,146	72,087
Printing, stationary, postage etc.		18,371	−		18,371	21,187
Coronavirus appeal			−		−	25,000
Accommodation costs		−	4,865		4,865	2,329
Governanceand support		4.382	16		4.398	4.405
Total		140,329	35,165	91,993	267,487	125,431
NET
INCOME/(EXPENDITURE)		(35,832)	(6,996)	(80,752)	(123,580)	91,101
Transfers between funds	17	(65,729)	(2,015)	67,744
Other recognised gains/(losses)
Gains on revaluation of fixed
assets			4,626		4,626
Net movement in funds		(101,561)	(4,385)	(13,008)	(118,954)	91,101
RECONCILIATION OF
FUNDS
Total funds brought forward		146,133	471,576	54,487	672,196	581,095

					31.12.21	31.12.20
		Unrestricted	Designated	Restricted	Total	Total
		fund	funds	funds	funds	funds
	Notes	£	i	£	£	£
TOTAL FUNDS CARRIED
FORWARD		44,572	467,191,	41,479	553,242	672,196

						31.12.21	31.12.20
		Unrestricted		Designated	Restricted	Total	Total
			fund	funds	funds	funds	funds
	Notes		£	£	£	£	£
FIXED ASSETS
Tangible assets	12			230,700		230,700	226,074
CURRENT ASSETS
Debtors	13		7,193	123,851	2,469	133,513	374,856
Investments	14		1	−		1	1
Cash at bank			110,872	112,640	95,819	319,331	142,629
				__...._
			118,066	236,491	98,288	452,845	517,486
CREDITORS
Amounts falling due within one
year	15		(36,696)		(56,809)	(93,505)	(36,365)
NET CURRENT ASSETS			81,370	236,491	41,479	359,340	481,121
TOTAL ASSETS LESS
CURRENT LIABILITIES			81,370	467,191	41,479	590,040	707,195
CREDITORS
Amounts falling due after more than one year	16	•	(36,798)			(36,798)	(34,999)
NET ASSETS			44,572	467,191	41,479	,553,242,	,672,196,
		,		,	,

		31.12.21	31.12.20
		Total	Total
		funds	funds
	Notes
FUNDS	17
Unrestricted and designated funds:
Unrestricted fund		44,572	146,133
Historical railway assets fund		700	700
Station View property fund		230,000	225,374
Station View maintenance fund		11,410	7,910
NG15 contingency fund		22,256	90,000
Small project allocations fund		29,746	41,779
NG15 Appeal		11,310
NGG16 boiler appeal fund			8,710
Third class saloon fund		150,000	88,619
Dinas facilities contingency fund		11,652	5,225
Coronavirus appeal fund		117	3,259
		511.763	617.709
Restricted funds:
NG15 project fund		8,742	22,496
K1 project fund		32,737	31,991
		41,479	54,487
TOTAL FUNDS		.553,242	672,196

DONATIONS, LEGACIES & GIFT AID
	31.12.21	31.12.20
Donations and legacies	8,045	54,437
Annual gift aid claims	23,377	28,658
	31,422,	,83,095
	,

Notes to the Financial Statements for the Year Ended 31 December	Notes to the Financial Statements for the Year Ended 31 December	−continued 2021
4.	OTHER TRADING ACTIVITIES
			31.12.21	31.12.20
	Sales		240	848
	Advertising revenue			180
			240	,1,028
5.	INVESTMENT INCOME
			31.12.21	31.12.20
	Deposit account interest		13	119
6.	INCOME FROM CHARITABLE ACTIVITIES
			31.12.21	31.12.20
		Activity	£	£
	Annual subscriptions	Subscriptions & Diamond appeal	68,851	76,520
	Life membership	Subscriptions & Diamond appeal	7,936	8,650
	Diamond appeal	Subscriptions & Diamond appeal	2,470	3,432
	Station View income	Accommodation income	2,366	370
	Coronavirus appeal	Coronavirus appeal	1,856	24,508
	NO15 income	General appeals	8,969	4,210
	K I income	General appeals	595	512
	Third class saloon	General appeals	10,058	14,088
	NG15 appeal	General appeals	9,131
			112,232	,132,290
7.	RAISING FUNDS
	Other trading activities
			31.12.21	31.12.20
	Purchases		707	423

			Direct
			Costs
	Donations to the Festiniog Railway
	Company		239,146
	Printing, stationary, postage etc.		18,371
	Accommodation costs		4,865
			,262,382,
9.	AUDITORS' REMUNERATION
		31.12.21	31.12.20
	Fees payable to the charity's auditors for the audit of the charity's financial
	statements	2,552	2,320
	Fees payable to the charity's auditors for other services:
	Preparation of accounts	1,210	1,100
		1=1	1=1

	Unrestricted	Designated	Restricted	Total
	fund	funds	funds	funds
	£	£	£	£
INCOME AND ENDOWMENTS FROM
Donations, legacies & gift aid	74,688	7,097	1,310	83,095
Charitable activities
Subscriptions & Diamond appeal	88,602			88,602
Accommodation income		370		370
Coronavinis appeal		24,508		24,508
General appeals		14,088	4,722	18,810
Other trading activities	1,028			1,028
Investment income	52	26	41	119
Total	164,370	46,089	6,073	216,532
EXPENDITURE ON
Raising funds	423			423

			Unrestricted	Designated		Restricted	Total
			fund	funds		funds	funds
			£	£		£	£
	Charitable activities
	Donations to the Festiniog Railway Company		35,744	29,925		6,418	72,087
	Printing, stationary, postage etc.		21,187				21,187
	Coronavirus appeal			25,000			25,000
	Accommodation costs			2,329			2,329
	Governance and support		4,186	219			4,405
	Total		61,540	57,473		6,418	125,431
	NET INCOME/(EXPENDITURE)		102,830	(11,384)		(345)	91,101
	Transfers between funds		42,133	(43,343)		1,210
	Net movement In funds		144,963	(54,727)		865	91,101
	RECONCILIATION OF FUNDS
	Total funds brought forward		1,170	526,303		53,622	581,095
	TOTAL FUNDS CARRIED FORWARD		.146,133	,471,576,		54,487.	672,196
12.	TANGIBLE FIXED ASSETS
			DMas
		Freehold	signal	Model		Nantlle
		property	box sign	Locomotive		map	Totals
		£	£	£		£	£
	COST OR VALUATION
	At 1 January 2021	225,374	375	100		225	226,074
	Revaluations	4,626		−			4.626
	At 31 December 2021	230,000	375	100		225	230,700
	NET BOOK VALUE
	At 31 December 2021	230,000	375	log		225	230,700
	At 31 December 2020	225,374	375	100		225	226,074
					,

Cost or va	lu	ation at 31 De	cember 2021 is repres	ented by:
				Dinas
			Freehold	signal	Model	Nantlle
			property	box sign	Locomotive	map	Totals
			£	£	£	£	i
**Valuation **	**in **	2021	4,626				4,626
Cost			225,374	375	100	225	226,074
			230,000	375	100	225	,230,700

31.12.21	31.12.20
225,374

DEBTORS
	31.12.21	31.12.20
Amounts falling due within one year:
Other debtors	5,024	371
Annual gift aid claims	6,636	7,227
Bequests	2	3,002
Company loans	121,851	123,140
	133,513	133,740
Amounts falling due after more than one year:
Company loans		241,116
		,
Aggregate amounts	133,513	374,856

**Notes **	to the Financial Statements −continued
for the Year Ended 31 December 2021
14.	CURRENT ASSET INVESTMENTS
				31.12.21	31.12.20
	Festiniog Railway Company share			1	1
15.	**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE **		YEAR
				31.12.21	31.12.20
	AccruedFestiniog Railway Company donations			56,857
	Other creditors			4,379	4,052
	Deferred income			32,269	32,313
				,93,505	,36,365,
16.	**CREDITORS: AMOUNTS FALLING DUE AFTER MORE **		**THAN ONE **	YEAR
				31.12.21	31.12.20
	Accruals and deferred income			,36,798	,34,999
17.	MOVEMENT IN FUNDS
			Net	Transfers
			movement	between	At
		At 1.1.21	in funds	funds	31.12.21
		£	£	£	£
	Unrestricted and designated funds
	Unrestricted fund •	146,133	(35,832)	(65,729)	44,572
	Historical railway assets fund	700		−	700
	Station View property fund	225,374	4,626	−	230,000
	Station View maintenance fund	7,910	(2,500)	6,000	11,410
	NG15 contingency fund	90,000	−	(67,744)	22,256
	Small project allocations fund	41,779	(16,176)	4,143	29,746
	NG15 Appeal		11,310		11,310
	NGG16 boiler appeal fund	8,710	(8,710)		−
	Third class saloon fund	88,619	12,223	49,158	150,000
	Dinas facilities contingency fund	5,225	(1)	6,428	11,652
	Coronavirus appeal fund	3,259	(3,142)		117
		617,709	(38,202)	(67,744)	511,763
	Restricted funds
	NG15 project fund	22,496	(81,498)	67,744	8,742
	K1 project fund	31,991	746		32,737
		54,487	(80,752)	67,744	41,479
	TOTAL FUNDS	672,196	(118,954)		553,242

Net movement in funds, included in the abo	ve are as follows:
	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted and designated funds
Unrestricted fund	104,497	(140,329)		(35,832)
Station View property fund			4,626	4,626
Station View maintenance fund	2,365	(4,865)		(2,500)
Small project allocations fund	19	(16,195)		(16,176)
NG15 Appeal	11,310			11,310
NGG16 boiler appeal fund	−	(8,710)		(8,710)
Third class saloon fund	12,223			12,223
Dinas facilities contingency fund	(I)			(1)
Coronavirus appeal fund	2,253	(5,395)		(3,142)
	132,666	(175,494)	4,626	(38,202)
Restricted funds
NG15 project fund	10,495	(91,993)		(81,498)
Kl project fund	746	−		746
	11,241	(91,993)		(80,752)
TOTAL FUNDS	,143,907,	(267,487)	4,626	(118,954)

		Net	Transfers
		movement	between	At
	At 1.1.20	in funds	funds	31.12.20
	£	£	£	£
Unrestricted and designated funds
Unrestricted fund	1,170	102,830	42,133	146,133
Historical railway assets fund	700		−	700
Station View property fund	225,374			225,374
Station View maintenance fund	3,868	(1,958)	6,000	7,910
NG15 contingency fund	90,000			90,000
Small project allocations fund	29,412	(29,823)	42,190	41,779
NGG16 boiler appeal fund	8,701	9		8,710
Third class saloon fund	49,139	17,129	22,351	88,619
Dinas facilities contingency fund	119,109	−	(113,884)	5,225
Coronavirus appeal fund		3,259		3,259
	527,473	91,446	(1,210)	617,709
Restricted funds
NG15 project fund	22,298	(1,012)	1,210	22,496
K1 project fund	31,324	667		31,991
	53,622	(345)	1,210	54,487
TOTAL FUNDS	581,095	91,101		672,196

	Incoming	Resources	Movement
	resources	expended	in funds
	£	£	£
Unrestricted and designated funds
Unrestricted fund	164,370	(61,540)	102,830
Station View maintenance fund	371	(2,329)	(1,958)
Small project allocations fund	102	(29,925)	(29,823)
NGG16 boiler appeal fund	9		9
Third class saloon fund	17,129		17,129
Coronavirus appeal fund	28,478	(25,219)	3,259
	210,459	(119,013)	91,446
Restricted funds
NG15 project fund	5,406	(6,418)	(1,012)
K1 project fund	667		667
	6,073	(6,418)	(345)
TOTAL FUNDS	,216,532		91,101

**A current year 12 months and prior year 12 **	months combined po	sition is as follo	ws:
		Net	Transfers
		movement	between	At
	At 1.1.20	in funds	funds	31.12.21
	£	£	£	£
Unrestricted and designated funds
Unrestricted fund	1,170	66,998	(23,596)	44,572
Historical railway assets fund	700	−		700
Station View property fund	225,374	4,626		230,000
Station View maintenance fund	3,868	(4,458)	12,000	11,410
NG15 contingency fund	90,000		(67,744)	22,256
Small project allocations fund	29,412	(45,999)	46,333	29,746
NG15 Appeal		11,310		11,310
NGG16 boiler appeal fund	8,701	(8,701)		−
Third class saloon fund	49,139	29,352	71,509	150,000
Dinas facilities contingency fund	119,109	(1)	(107,456)	11,652
Coronavirus appeal fund		117		117
	527,473	53,244	(68,954)	511,763
Restricted funds
NG15 project fund	22,298	(82,510)	68,954	8,742
K1 project fund	31,324	1,413		32,737
	53,622	(81,097)	68,954	41,479
TOTAL FUNDS	581,095	(27,853)		553,242

	Incoming	Resources		Gains and	Movement
	resources	expended		losses	in funds
	£	£		£	£
Unrestricted and designated funds
Unrestricted fund	268,867	(201,869)			66,998
Station View property fund				4,626	4,626
Station View maintenance fund	2,736	(7,194)			(4,458)
Small project allocations fund	121	(46,120)			(45,999)
NG15 Appeal	11,310				11,310
NGG16 boiler appeal fund	9	(8,710)			(8,701)
Third class saloon fund	29,352				29,352
Dinas facilities contingency fund	(1)				(I)
Coronavirus appeal fund	30,731	(30,614)			117
	343,125	(294,507)		4,626	53,244
Restricted funds
NG15 project fund	15,901	(98,411)			(82,510)
K1 project fund	1,413				1,413
	17,314	(98,411)			(81,097)
TOTAL FUNDS	360,439,			4,626	(27,853
			,		,

Designated Funds
	Designated Funds generally are funds which have been allocated by the trustees
	for particular purposes within the scope of the charitable objectives but which can, if appropriate be reallocated at the trustees' discretion.
Station View Capital Fund	This represents the valuation as at 31 December 2021 referred to above.
Historical Railway Assets	The historical valuation of a small collection of railway heritage items donated
	orpurchased by the Charity overthe years.
INIG15 appeal	This being the 2022 annual appeal which was launched in the last quarter of
	2021, held to support the restoration of NG15 locomotive number 134. This is
	one of three funds held for the Project all of which have thesame purpose.
NG016 boiler	The residue of the proceeds of the 2018 annual appeal together with funds
	additionally allocated to this project by the trustees, the money will be paid over
	to the FRCo as and when work on 143's boiler is completed, and the cost
	claimed by the FRCo.
Third class saloon	Proceeds of the 2019 and 2020 annual appeal together with funds additionally
	allocated to this project by the Trustees. Funds continue to accumulate during
	2021. The money will be paid over to the FRCo as and when work on the
	carriage, provisionally numbered 2050, commences and the cost claimed by the
	FRCo.
Smaller Projects	Allocated by the trustees to provide for small scale projects and purchases within
Allocation	the scope of the charitable objectives.
Station View Property	Net income and expenditure relating to use of Station View as volunteer
Fund	accommodation. In addition, the trustees allocate a subsidy of £6,000pa to this
	fund.
INIGI5 Project	Funds allocated by the trustees to support restoration of NG15 locomotive
Contingency	number 134. This is another of three funds held for the Project all of which have
	the same purpose.
Dinas Facilities	Funds allocated by the trustees to support provision of workshop space at Dinas
Contingency	for the use of volunteers. This fund was accumulated from legacies left to the
	Society. A substantial part of the fund was reallocated by the trustees in the
	courseof 2020toprovide continuing emergency support tothe FRCo.
Coronavirus Appeal	Society has worked with the railways' two other supporting charities, the
	Ffestiniog & Welsh Highland Railways Trust and the Ffestiniog Railway
	Society, to manage an emergency appeal on to support the railways through the Covid−19 pandemic. Funds were donated through each of the three charities.