2022-12-31-accounts - Cymdeithas Rheilffordd Eryri

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		Page
Report o f the Trustees
	1	to	10
A−of−the Independent−A−uditors	11	to	14
Statement o f Financial Activities		15
Balance Sheet
	16	to	17
Notes to the Financial Statements	18	to	29

	2022	2021
Adults	880	920
Families	806	849
Juniors	3	3
Young−persons	7	4
Life members	418	418
Associate Life members	34	34
Total	2,148	2,228

		2022		2021
NG15 project	£	2,061	£	8,742
K1 project	£	33,318	£	32,737
Designated funds
		2022		2024
−Historical railway assets fund	£	700−−£		7.00
StationView property fund	£230,000		£230,000
Station View maintenance −fund	£44,578		£	11,4.10
NG15 project contingency fund		−	£	22,256
Smaller project allocation fund;	£	25,236	£	29,746
NG15 appeal	£	86	£	11,310
Third class saloon appeal fund	£150,025		£150,000
Dinas facilities contingency fund	£	11,652	£	11,652
Coronavirus appeal fund	£	355	£	117
Uncommitted funds
		2022		2021
Uncommitted funds (free reserve)	£	10,598	£	44,752

Elwyn Jones	Elwyn Jones
−The Snowdon Ranger advertising
−Rail Ale Festival committee chair
−Press & local community relations
−Volunteer accommodation co−ordinator
Neil McMaster
−Area & Special Interest Groups:	liaison with groups' chairs
−Platform benches
−Asset co−ordinator
−Risk Management Policy
David Firth	−resigned 17 September 2022
−Fvents coordinator
Mark Gardner
−Social media & web query allocations
−Website administrators David Tidy & Laurence Armstrong
−Vision Group chair
−Joint data protection obligations
Steven Harris
−Membership: membership committee chairman, Membership Secretary Richard Watson
−The Snowdon Ranger: Proof−reader
−Joint data protection obligations
Megan Smith	−resigned 31 July 2022
−Volunteers
Adrian Strachan
−NG15 project
Joanna Charles	−appointed 17 September 2022
−Assistant Company Secretary

	Registered office
	Station View
	Dinas
	Caernarfon
	Gwynedd
	LL54 SUB
	Auditors
	Dunn & Ellis Cyf
	Statutory Auditors
	St David's Building
	Lombard Street
	Porthmadog
	Gwynedd
	LL49 9AP
	Bankers
	Barclays Bank plc
	Leicester
	LE87 2BB
	CAF Bank Limited
	25 Kings Hill Avenue
	Kings Hill
	West Mailing
	Kent
	ME19 4JQ
−	Metro−Bank−Plc
	One Southampton Row
	London
	WC1B 5HA

					31.12.22	31.12.21
			Unrestricted
		Unrestricted	designated	Restricted	Total	Total
		fund	funds	funds	funds	funds
	Notes	£	£	£	£	£
lNCOIVIE AND
ENDOWMENTS FROM
Donations, legacies & gift aid		78,885	1,274	6,972	87,131	31,422
Charitable activities
Subscriptions & diamond appeal		73,590			73,590	79−T24−7
Accommodation income			2,989		2,989	2,366
Coronavirus appeal			235		235	1,856
General appeals		−	20,335	25,980	46,315	28,753
Other trading activities	3	1,352			1,352	240
Investment income	4	259			259	13
Total		154,086	24,833	32,952	211,871	143,907
EXPENDITURE ON
Raising funds		171		35	206	707
Charitable activities
Donations to the Festiniog
Railway Company			4,829	247,579	252,408	239,146
Printing, stationary, postage etc.		21,963	−		21,963	18,371
Accommodation costs			5,937	_ −	5,937	4,865
Governance and support		5,987	3		5,990	4,398
Total		28,121	10,769	247,614	286,504	267,487
NET
INCOME/(EXPENDITURE)		125,965	14,064	(214,662)	(74,633)	(123,580)
Transfers between funds	13	(159,939)	(48,623)	208,562
Other recognised gains/(losses)
Gains on revaluation o f fixed
assets						4,626
Net movement in funds		(33,974)	(34,559)	(6,100)	(74,633)	(118,954)
RECONCILIATION OF
FUNDS
Total funds brought forward		44,572	467,191	41,479	553,242	672,196
TOTAL FUNDS CARRIED
FORWARD		10,598	432,632	35,379	478,609	553,242

					31.12.22	31.12.21
			Unrestricted
		Unrestricted	designated	Restricted	Total	Total
		fund	funds	funds	funds	funds
	Notes	£	£	£	£	£
FIXED ASSETS
Tangible assets	8		230,700		230,700	230,700
Investments	9	1			1	1
		1	230,700		230,701	230,701
CURRENT ASSETS
Debtors	10	18,336	121,851	2,081	142,268	133,513
Cash at bank		71,430	80,081	33,320	184,831	319,331
		89,766	201,932	35,401	327,099	452,844
CREDITORS
Amounts falling due within one
year	11	(44,770)		(22)	(44,792)	(93,505)
NET CURRENT ASSETS		44,996	201,932	35,379	282,307	359,339
TOTAL ASSETS LESS
CURRENT LIABILITIES		44,997	432,632	35,379	513,008	590,040
CREDITORS
Amounts falling due after more
than one year	12	(34,399)			(34,399)	(36,798)
NET ASSETS		10,598	432,632	35,379	478,609	553,242

		31.12.22	31.12.21
		Total	Total
		funds	funds
	Notes	£	£
FUNDS	13
Unrestricted funds:
Uncommitted fund Historical railway assets fund LthorrVrew−propertrfimd Station View maintenance fund NG15 contingency fund Small project allocations fund NG15 Appeal Third class saloon fund Dinas facilities contingency fund Coronavirus appeal fund		10,598 700 230,000 14,578 25,236 86 150,025 11,652 355	44,572 mo 230,000 11,410 22,256 29,746 11,310 150,000 11,652 117
		,
		443,230	511,763
Restricted funds:
NG15 project fund K1 project fund		2,061 33,318	8,742 32,737
		35,379	41,479
TOTAL FUNDS		478,609	553,242

01−HER−TRADING−ACTIVITIES
			31.12.22	31.12.21
	Unrestricted_Restricted		Total	Total
	funds	funds	funds	funds
	£	£	£	£
Sales	379		379	240
Advertising revenue	973		973
	1,352		1,352	240

					31.12.22	31.12.21
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			£	£	£	£
	Deposit account interest		259	−	259	13
5.	AUDITORS' REMUNERATION
					31.12.22	31.12.21
	Fees	a able to the chari	's auditors_for_the_sudit_nf_the_charivs	financial
	statements				2,775	2,552
	Fees	payable to the charity's auditors for other services:
	Preparation o f accounts				1,330	1,210

		Unrestricted
	Unrestricted	designated	Restricted	Total
	fund	funds	funds	funds
INCOME AND ENDOWMENTS FROM
D_onations,_legacies,&—giftraid	4,987	4;−758	1;677	3−1,422
					_
Charitable activities
Subscriptions & diamond_appeal	79,25			/925
Accommodation income		2,366		2,366
Coronavirus appeal		1,856		1,856
General appeals		19,189	9,564	28,753
Other trading activities	240			240
Investment income	13			13
Total	104,497	28,169	11,241	143,907
EXPENDITURE ON
Raising funds	171		536	707
Charitable activities
Donations to the Festiniog Railway Company	117,405	30,284	91,457	239,146
Printing, stationary, postage etc.	18,371			18,371
Accommodation costs		4,865		4,865
Governance and support	4,382	16		4,398

					Unrestricted
				Unrestricted	designated	Restricted	Total
				fund	funds	funds	funds
	Total			140,329	35,165	91,993	267,487
	NET INCOME/(EXPENDITURE)			(35,832)	(6,996)	(80,752)	(123,580)
	Transfers between funds			(65,729)	(2,0−1−5)	67,744
	Olher recognised gains/(losses)
	Gains on revaluation o f fixed assets				4,626		4,626
	Net movement in funds			(101,561)	(4,385)	(13,008)	(118,954)
	RECONCILIATION OF FUNDS
	Total funds brought forward			146,133	471,576	54,487	672,196
	TOTAL FUNDS CARRIED FORWARD			44,572	467,191	41,479	553,242
8.	TANGIBLE FIXED ASSETS
				Dinas
		Freehold		signal	Model	Nantlle
		property		box sign	Locomotive	map	Totals
			£	£	£	£	£
	COST OR VALUATION
	At 1 January 2022 and
	31 December 2022	230,000		375	100	225	230,700
	NET BOOK VALUE
	At 31 December 2022	230,000		375	100	225	230 700
	At 3Thecember2021	230,000		375	1−00	225	230,700

				Dinas	Dinas
			Freehold	signal		Model	Nantlle
			property	box	sign	Locomotive	map	Totals
			£	£		£	£	£
Valuation	in	2021	4,626					4,626
Cost			225,374		375	100	225	226,074
			230,000		375	100	225	230,700

	31.12.22	31.12.21
Cost	225,374	225,374

FIXED ASSET INVESTMENTS
	Unlisted
	investments
MARKET VALUE
At 1 January 2022 and 31 December 2022	1
NET BOOK VALUE
At 31 December 2022	1
At 31 December 2021	1

DEBTORS
	31.12.22	31.12.21
Amounts falling due within one year:
Other debtors	3,130	5,024
Annual gift aid claims	8,286	6,636
Bequests	9,001	2
	20,417	11,662

Notes	to the Financial Statements −continued
for the Year Ended 31 December 2022
10.	DEBTORS −continued
						31.12.22	31.12.21
	Amounts falling due after more than one year:
	Company loans					121,851	121 851
	Aggregate amounts					142,268	133,513
11.	CREDITORS: AMOUNTS FALLING DUE	WITHIN O d	YEAR
						31.12.22	31.12.21
	Accrued Festiniog Railway Company donations					800	56,857
	Other creditors					4,412	4,379
	Deferred income					39,580	32,269
						44,792	93,505
12.	CREDITORS: AMOUNTS FALLING DUE	AFTER MORE	THAN		ONE	YEAR
						31.12.22	31.12.21
	Accruals and deferred income					34,399	36,798
13.	MOVEMENT IN FUNDS
				Net		Transfers
			movement			between	At
		At 1.1.22		in funds		funds	31.12.22
		£		£		£	£
	Unrestricted funds
	Uncommitted fund	44,572		125,965		(159,939)	10,598
	Historical railway assets fund	700
	Station View property fund	30,00					230;000
	Station View maintenancamd	11,410	_	(2;9−48)		6,116	14,578
	NG−1−−5=−Corfa ingency−fund	22,256			−	(22,2	−
	Small−projecrallocations fund	29,746−(4829)				319	25,236
	NG15 Appeal	11,310		21,5'78		(32,802)	86
	• d−class−Oloon fund	150,000			25		150,025
	Dinas facilities contingency fund	11,652			−		11,652
	Coronavirus appeal fund	117			238		355
		511,763		140,029		(208,562)	443,230
	Restricted funds
	NG15 project fund	8,742	(215,243)			208,562	2,061
	K l project fund	32,737			581		33,318
		41,479	(214,662)			208,562	35,379
	TOTAL FUNDS	553,242		(74,633)			478,609

				Incoming	Resources	Movement
				resources	expended	in funds
				£	£	£
		Unrestricted funds
		Uncommitted fund		154,086	(28,121)	125,965
		Station View maintenance fund		2,989	(5,9342,−948)−−		−−
		Small project allocations fund				(4,829)
		NG15 Appeal		21,578	−	21,578
_ _ _ _ _ _ _ _ " c ,	1	1 o l t i r c f c _ l a s s s on−fun		25	−	25
−		. oronavirus appeal fund		241	(3)	238
				178,919	(38,890)	140,029
		Restricted funds
		NG15 project fund		32,371	(247,614)	(215,243)
		K1 project fund		581		581
				32,952	(247,614)	(214,662)
		TOTAL FUNDS		211,871	(286,504)	(74,633)
		Comparatives for movement in funds
				Net	Transfers
				movement	between	At
			At 1.1.21	in funds	funds	31.12.21
			£	£	£	£
		Unrestricted funds
		Uncommitted fund	146,133	(35,832)	(65,729)	4t−57:2
		Historical railway assets fund	700		−	700
		Station View property fund	25,−3774	4,626	−	230,000
		Station_View,maintenance−fund −NG15−Contingency−fund	;9To 90,000	(2,500)	6,000 (67,744)	22,256
		Small project allocations fund	41;779	(16,176)	4,143	29,746
		NG15 Appeal	−	11,310		11,310
		GG16 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

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
	£	£	£	£
Unrestricted funds
Uncommitted fund	104,496	(140,329)		(35,833)
Station View property fund	−		4,626	,62−− −6−−−−−−−−−−−
Station View maintenance fund	2,365	(4,865−		(2,500)
Small project allocations fund	9	(16,195)		(16,176)
NG15 A e	11,310	−	−	11,310
G16 boiler appeal fund		(8,710)	−	(8,710)
Third class saloon fund	12,223	−		12,223
Dinas facilities contingency fund
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)
K1 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 1.1.21	in funds	funds		31.12.22
	£	£	£	'
Unrestricted funds
Uncommitted fund		9.0,133	(223,668)		10,598
−−−−−−−−−−−− Historicakrailwa _a.ssets,fiind−−− −	700	−			70
StaticifiView_property−furd	225,374	,626	−		230,000
Station View maintenance fwad	7:910	(5,448)	12,116		14,578
NG15 c _ntingeney−fun−	90,000	−	(90,000)		−
Small project allocations fund	41,779	(21,005)	4,462		25,236
NG15 Appeal	−	32,888	(32,802)		86
NGG16 boiler appeal fund	8,710	(8,710)			−
Third class saloon fund	88,619	12,248	49,158		150,025
Dinas facilities contingency fund	5,225	(1)	6,428		11,652
Coronavirus appeal fund	3,259	(2,904)	−		355
	617,709	101,827	(276,306)		443,230
Restricted funds
NG15 project fund	22,496	(296,741)	276,306		2,061
K1 project fund	31,991	1,327	−		33,318
	54,487	(295,414)	276,306		35,379
TOTAL FUNDS	672,196	(193,587)			478,609

			uns, includ	ed in the above
	Incoming	Resources
Unrestricted funds Uncommitted fund Station View property fund Station View maintenance fund Small pro'ect a • cations−ft−In Appeal NGG16 boiler appeal fund Third class saloon fund Dinas facilities contingency fund C o r o n a s appeal fund	resources £ 258,582 _ ,3.)4 / 9 32,888 − 12,248	expended £ (168,450) (10,802) (21,024) (8,710)	Gains and losses £ 4;62 −6	Movement in_funds_ £ 90,−112 4,626 (5,448) 32,888 (21,005) (8,710)
	2,494		−	12,248
Restricted funds NGI5 project fund K I project fund	311,585 42,866 1 327	(214,384) (339,607)	− 4,626	101,827 (296,741)
TOTAL FUNDS	44,193	022.617)		1 327
				2_21LID−
	355,778	.(1.51.92)
			4,626	.(1932_5132)

Unrestricted Funds
	See the Reserves Policy for full details −maintained at a higher level this year to
	allow greater flexibility for the trustees to respond to the challenges posed by
	Covid−19.
Designated Funds
	Designated Funds generally are funds which have been a l l o c a t e d t e e s −−−−−−−−−−−−− —
	for particular purposes within thels2Re_stfithe_chafiteble−olije—c−fives, but which
	can, i fap ro_date−be−reallocatedatthe trustees' discretion.
onView Capital Fund	This represents the historical acquisition cost o f Station View and its capital
	value is subject to periodical revaluations.
Historical Railway Assets	The historical valuation o f a small collection o f railway heritage items donated
	orpurchased by the Charity overthe years.
NG15 appeal	This being the 2021 annual appeal, heldtosupport the restoration o f NG15
	locomotive number 134.
NGG16 boiler	The residue o f the proceeds o f 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 o f the 2019 and 2020 annual appeal together with funds additionally
	allocated to this project by the Trustees. Funds continue to accumulate during
	2022. 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 NV
Allocation	the scope of the charitable objectives.
Station View Property	Netfincomeranliture−relatin:g−to use o f Station View as volunteer
Fun—d	accomm−odalion.
NG15 Project	unds−allocated by the trustees to support restoration o f NG15 locomotive
Contingency	number 134. This fund is separate from the NG15 Restricted Fund but has the
	same purpose.
Dinas Facilities	Funds allocated by the trustees to support provision o f workshop space at Dinas
Contingency	for the use o f volunteers. This fund was accumulated from legacies left to the
	Society.
Coronavirus Appeal	Society 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 supportthe railways through the Covid−19
	pandemic. Funds were donated through each o f the three charities.