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##
||**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**||
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##
||||||**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**|
|**Governance**and 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|
##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|**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|
||**Accrued**Festiniog 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.|
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