```
REGISTERED COMPANY NUMBER: 04785581 (England and Wales)
REGISTERED CHARITY NUMBER: 1100537
```
## **`6880 BETTON GRANGE (SOCIETY) LIMITED`**
```
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2022
```
```
6880 BETTON GRANGE (SOCIETY) LIMITED
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022`**
||**`Page`**|**`Page`**|**`Page`**|
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`3`|
|**`Independent Examiner's Report`**||`4`||
|**`Statement of Financial Activities`**||`5`||
|**`Statement of Financial Position`**|`6`|`to`|`7`|
|**`Notes to the Financial Statements`**|`8`|`to`|`14`|
```
6880 BETTON GRANGE (SOCIETY) LIMITED (REGISTERED NUMBER: 04785581)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended30June2022.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
Toconstruct,operateandexhibitforpublicbenefitandeducationalandinstructional purposes
locomotives of historic or scientific importance.
```
```
WhilemanyoftheotherGreatWesternclassessurvivedintopreservation,fromaClassof 80
locomotivesno'Granges'survivedthecutterstorch.The6880Societywasformedwiththesole intention
ofrecreatingaGreatWestern'Grange'classlocomotive,whichwhencompletedwillbecomethe 81st
'Grange'
```
## **`Significant activities`**
```
TheSocietyengagesinbuildingthelocomotiveinco-operationwithandinvolvingthe Tyseley
LocomotiveWorkswhoactasContractorsandhosts.Fortnightly/monthlyworkingpartiesare supported
byvolunteerswithhomeworkshopactivityandpreparationofdrawingsandlocationofsuitable original
spare parts.
```
## **`Volunteers`**
```
Volunteersattendworkingweekends,thisiswhenagroupofpeoplegettogetherunderthe supervision
oftheengineeringmanager,thevolunteersdoworkonthelocomotivetohelpkeepthebilldown from
the railway. The types of things that are achieved are;
```
```
Cleaning parts
Painting parts
Putting additional parts on to the loco.
```
```
Inaddition,wehavevolunteerswhohelpoutonsalesstandsatdifferenteventsthroughoutthe railway
galaseason.Thevolunteersengagewiththepublictotalkabouttheprojectaswellastryingtosell the
6880 branded goods.We also try to gain new members at these events.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
Volunteerworkpartiescontinuedtomakesteadyprogressin2022.TyseleyLocoWorkshave completed
thefittingoutoftheGrangecabandassociatedpipeworkandthenremoveditallforpainting. Other
workwasdoneonthepipeworktothefrontendandthesteampipeconnectiontothecylinders and
more fittings were machined ready to be installed.
```
## **`Fundraising activities`**
```
Therearemanywayswetrytoraisefundsapartfrommembershipfeesthatarepaidonamonthly basis
by a number of people.
```
```
BettonGrangehaveasalesstandthatsellsvariousbrandedgoods,thisstandgoestoanumber of
eventsthroughouttheyear.Wealsosellitemsviaourwebsite.Anotherwayofraisingfundsisvia our
eBay page where we sell items that have been donated to us.
```
```
EasyFundraisingisanotherwaythatweraisefundsalongwithhavingaTEXTDonateappealonan ad
hoc basis.
```
```
Page 1
```
```
6880 BETTON GRANGE (SOCIETY) LIMITED (REGISTERED NUMBER: 04785581)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022`**
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
Asignificantfinancialmilestonewaspassedthisyearasthe£80,000spentontheGrange,hastaken the
total build cost in excess of £1m.
```
```
Incomecontinuestocomeinthroughtheusualroutes,althoughthelackofvisibilityoftheproject at
railwayeventsduetothecontinuedpandemicrestrictionsinthesummer/autumnof2021, has
contributedtoagradualreductioninincomefromprepandemiclevels.Muchoftheincome remains
reliantonthecoremembership,whichremainsstrong.Thetenderappeal,launchedin2019,now stands
at £21,000 after a further £7,000 was added to the total in the year.
```
```
Costsof£7,500wereneededthisyear,tocoverthepermanentrelocationofbothBettonGrange and
Cogan Hall from Llangollen to Tyseley.
```
## **`Principal funding sources`**
```
The principal fund raising sources are;
```
```
Membership fees
Steel Steam and Stars Galas
Donations
Sales Events
```
## **`Reserves policy`**
```
Thetrusteeshavenoformalreservespolicybutaimtomaintainsufficientfundsthatallowa certain
amountoffinancialsecurity,butalsototakeadvantageofopportunitiestoacquiresparesandparts as
they become available.
```
## **`FUTURE PLANS`**
```
Itishopedthattheboilerwillbeundergoingitsfinaltestfortheinsurancecompanyearlyin2023. This
willallowtheboilerinsulationandcladdingtobefitted.Progresshasbeenhamperedbystaff shortages,
illness and work directed at running the Polar Express trains for Vintage Trains.
```
```
Thevolunteerteamworkedforthemajorpartoftheseasonondismantlingthescrapbodyof Cogan
Hall'stender.ThiswastoreleasethewheelsetsrequiredtobuildBettonGrange'sowntender.Weare to
concentrate on the locomotive now to speed up completion.
```
```
Theplanstohireasuitabletenderhavebeenconcluded,withtheproposed4,000gallonCollett tender
now having arrived at Tyseley. It only requires painting to match the locomotive.
```
```
We confidently expect the locomotive to make its first moves in steam before the summer of 2023
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
The6880BettonGrange(Society)LimitedisacharityestablishedandgovernedbyMemorandum and
Articles of Association dated 3rd June 2003
```
## **`Recruitment and appointment of new trustees`**
```
Theappointmentofnewtrusteesareinaccordancewiththeprovisionsheldwithinthe Company
Memorandum and Articles of Association.
```
## **`Related parties`**
```
5199PROJECT:Membersofthisassociatedlocomotiveprojectformedthenucleusoftheteam that
createdTheBettonGrangeSociety.ThereisashareduseofequipmentownedbybothProjects and
some mutually acceptable swopping of certain components for practical reasons.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Company number`**
```
04785581 (England and Wales)
```
## **`Registered Charity number`**
```
1100537
```
```
Page 2
```
```
6880 BETTON GRANGE (SOCIETY) LIMITED (REGISTERED NUMBER: 04785581)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022`**
## **`Registered office`**
```
43 - 45 Devizes Road
Swindon
Wiltshire
SN1 4BG
```
## **`Trustees`**
```
Mr Q D McGuinness
Mr D E Huntbatch
Mr P A Appleton
Mr R J Cadge
Mrs E McGuinness
Mr C J Moore
Mrs L M Moore
```
## **`Company Secretary`**
```
Mr I Sumbler FCCA
```
## **`Independent Examiner`**
```
Mr S Nuttall FCA
McGills
Chartered Accountants
Oakley House
Tetbury Road
Cirencester
Gloucestershire
GL7 1US
```
## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES`**
```
Thetrustees(whoarealsothedirectorsof6880BettonGrange(Society)Limitedforthepurposes of
companylaw)areresponsibleforpreparingtheReportoftheTrusteesandthefinancialstatements in
accordancewithapplicablelawandUnitedKingdomAccountingStandards(UnitedKingdom Generally
AcceptedAccountingPractice)includingFinancialReportingStandard102"TheFinancial Reporting
Standard applicable in the UK and Republic of Ireland"
```
```
Companylawrequiresthetrusteestopreparefinancialstatementsforeachfinancialyearwhichgive a
trueandfairviewofthestateofaffairsofthecharitablecompanyandoftheincomingresources and
applicationofresources,includingtheincomeandexpenditure,ofthecharitablecompanyfor that
period. In preparing those financial statements, the trustees are required to
```
- `select suitable accounting policies and then apply them consistently;`
- `observe the methods and principles in the Charity SORP;`
- `make judgements and estimates that are reasonable and prudent;`
- `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.`
```
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewith reasonable
accuracyatanytimethefinancialpositionofthecharitablecompanyandtoenablethemtoensure that
thefinancialstatementscomplywiththeCompaniesAct2006.Theyarealsoresponsiblefor safeguarding
theassetsofthecharitablecompanyandhencefortakingreasonablestepsfortheprevention and
detection of fraud and other irregularities.
```
```
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompanies Act
2006 relating to small companies.
```
```
Approved by order of the board of trustees on 18 February 2023 and signed on its behalf by:
```
```
Mr Q D McGuinness - Trustee
```
```
Page 3
```
## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF`**
## **`6880 BETTON GRANGE (SOCIETY) LIMITED`**
## **`Independent examiner's report to the trustees of 6880 Betton Grange (Society) Limited ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
30 June 2022.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsofthe Companies
Act 2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutunderSection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionunder Section
145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin connection
with the examination giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
```
```
Mr S Nuttall FCA
McGills
Chartered Accountants
Oakley House
Tetbury Road
Cirencester
Gloucestershire
GL7 1US
```
```
22 March 2023
```
```
Page 4
```
```
6880 BETTON GRANGE (SOCIETY) LIMITED
```
## **`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2022`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`3`
**`Charitable activities`**
`Tender appeal`
`Other trading activities`
`4`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`Operational costs`
**`Total`**
**`NET INCOME`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|**`2022`**
`2021`
**`Unrestricted`**
`Total`
**`funds`**
`funds`
**`£`**
`£`
**`34,061`**
`59,020`
**`7,310`**
`3,120`
**`10,095`**
`4,574`
**`51,466`**
`66,714`
**`-`**
`-`
**`14,189`**
`2,609`
**`14,189`**
`2,609`
**`37,277`**
`64,105`
**`1,046,949`**
`982,844`
**`1,084,226`**
`1,046,949`|**`2022`**
`2021`
**`Unrestricted`**
`Total`
**`funds`**
`funds`
**`£`**
`£`
**`34,061`**
`59,020`
**`7,310`**
`3,120`
**`10,095`**
`4,574`
**`51,466`**
`66,714`
**`-`**
`-`
**`14,189`**
`2,609`
**`14,189`**
`2,609`
**`37,277`**
`64,105`
**`1,046,949`**
`982,844`
**`1,084,226`**
`1,046,949`|
|---|---|---|
|||`66,714`|
|||`-`
`2,609`|
|||`2,609`|
|||`64,105`
`982,844`|
|||`1,046,949`|
```
The notes form part of these financial statements
```
```
Page 5
```
```
6880 BETTON GRANGE (SOCIETY) LIMITED (REGISTERED NUMBER: 04785581)
```
## **`STATEMENT OF FINANCIAL POSITION 30 JUNE 2022`**
|`Notes`
**`FIXED ASSETS`**
`Intangible assets`
`8`
`Tangible assets`
`9`
`Heritage assets`
`10`
**`CURRENT ASSETS`**
`Stocks`
`11`
`Debtors`
`12`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`13`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT`**
**`LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`15`
`Unrestricted funds`
**`TOTAL FUNDS`**|**`2022`**
`2021`
**`Unrestricted`**
`Total`
**`funds`**
`funds`
**`£`**
`£`
**`340`**
`340`
**`897`**
`1,197`
**`1,042,610`**
`961,011`
**`1,043,847`**
`962,548`
**`1,700`**
`1,700`
**`10,000`**
`33,268`
**`71,421`**
`71,111`
**`83,121`**
`106,079`
**`(42,742)`**
`(21,678)`
**`40,379`**
`84,401`
**`1,084,226`**
`1,046,949`
**`1,084,226`**
`1,046,949`
**`1,084,226`**
`1,046,949`
**`1,084,226`**
`1,046,949`|
|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompanies Act
2006 for the year ended 30 June 2022.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 6
```
```
6880 BETTON GRANGE (SOCIETY) LIMITED (REGISTERED NUMBER: 04785581)
```
## **`STATEMENT OF FINANCIAL POSITION - continued 30 JUNE 2022`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable
companies subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
18 February 2023 and were signed on its behalf by:
```
```
Mr Q D McGuinness - Trustee
```
```
The notes form part of these financial statements
```
```
Page 7
```
```
6880 BETTON GRANGE (SOCIETY) LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022`**
## **`1. CHARITY INFORMATION`**
```
ThecompanyisacompanylimitedbyguaranteeandincorporatedinEnglandandWales,and a
registered charity with the Charity Commission in England and Wales.
```
```
The registered office address is 43 -45 Devizes Road, Swindon, wiltshire SN1 4BG
```
```
ThesefinancialstatementsarepresentedinBritishPounds(GBP),whichisthecharity's functional
and presentational currency.
```
## **`2. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2015)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statements have been prepared under the historical cost convention.
```
## **`Financial reporting standard 102 - reduced disclosure exemptions`**
```
Thecharityhastakenexemptionfrompreparingacashflowstatementunderthecharities SORP
(FRS 102) Update Bulletin 1 issued on 2 February 2016, as the charity constitutes a small charity.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
thefunds,itisprobablethattheincomewillbereceivedandtheamountcanbe measured
reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
```
## **`Intangible asset`**
```
During2018theCharitycreateda6880trademarktohelpprotectthebrandimageinuse.and in
2021asecondtrademarkwasregisteredtofurtherstrengthenthebrandimage.Inviewof the
relativelysmallcostsinvolved,andlongevityofthetrademarks,noamortisationisbeing applied
on the basis it would be immaterial to the accounts as a whole.
```
## **`Tangible fixed assets`**
```
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
```
```
Marquee & Container- 25% on reducing balance
Equipment- 25% on reducing balance
```
## **`Heritage assets`**
```
TheHeritageassetsarestatedathistoricalcost,togetherwiththeaccumulatedcosts of
restorationtoworkingorderasincurred.Duetothespecialnatureoftheassets,itis considered
impractical to adopt a policy of revaluation.
```
```
Thetrusteesconsidertheassetseachyearintermsofimpairment.Shouldanyimpairment arise
thiswillbechargedtothestatementoffinancialactivitiesintheyearinwhichitoccurs. Generally
thetrusteesbelievethatassetsappreciateinvalueandthereforenopolicyofdepreciation is
applied in order to show a true and fair view.
```
```
continued...
```
```
Page 8
```
```
6880 BETTON GRANGE (SOCIETY) LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022`**
## **`2. ACCOUNTING POLICIES - continued`**
## **`Heritage assets`**
```
Theboileristobetreatedasacomponentassetwithintheoverallconstructionofthe locomotive
andwillbesubjecttodepreciationat10%straightlinestartingatthepointthe10year boiler
certificate is issued.
```
## **`Stocks`**
```
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowance for
obsolete and slow moving items.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
## **`3. DONATIONS AND LEGACIES`**
|**`DONATIONS AND LEGACIES`**|||
|---|---|---|
||**`2022`**|`2021`|
||**`£`**|`£`|
|`Donations`|**`11,607`**|`33,532`|
|`Gift aid`|**`5,430`**|`7,000`|
|`Members subscriptions`|**`17,024`**|`18,488`|
||**`34,061`**|`59,020`|
|**`OTHER TRADING ACTIVITIES`**|||
||**`2022`**|`2021`|
||**`£`**|`£`|
|`Sales`|**`666`**|`1,467`|
|`Sponsorship`|**`9,429`**|`3,107`|
||**`10,095`**|`4,574`|
|**`NET INCOME/(EXPENDITURE)`**|||
|`Net income/(expenditure) is stated after charging/(crediting):`|||
||**`2022`**|`2021`|
||**`£`**|`£`|
|`Depreciation - owned assets`|**`300`**|`400`|
## **`4. OTHER TRADING ACTIVITIES`**
## **`5. NET INCOME/(EXPENDITURE)`**
```
continued...
```
```
Page 9
```
```
6880 BETTON GRANGE (SOCIETY) LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022`**
## **`6. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30June2022nor for
the year ended 30 June 2021.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended30June2022norfortheyear ended
30 June 2021.
```
## **`7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
## **`8.`**
|**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Tender appeal`
`Other trading activities`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`Operational costs`
**`Total`**
**`NET INCOME`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**
**`INTANGIBLE FIXED ASSETS`**
**`COST`**
`At 1 July 2021 and 30 June 2022`
**`NET BOOK VALUE`**
`At 30 June 2022`
`At 30 June 2021`|`Unrestricted`
`funds`
`£`
`59,020`
`3,120`
`4,574`
`66,714`
`-`
`2,609`
`2,609`
`64,105`
`982,844`
`1,046,949`
`Trademark`
`£`
**`340`**
**`340`**
`340`|
|---|---|
```
continued...
```
```
Page 10
```
```
6880 BETTON GRANGE (SOCIETY) LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022`**
## **`9. TANGIBLE FIXED ASSETS`**
|`Marquee &`
`Container`
`Equipment`
`£`
`£`
**`COST`**
`At 1 July 2021 and 30 June 2022`
**`8,322`**
**`14,526`**
**`DEPRECIATION`**
`At 1 July 2021`
**`7,838`**
**`13,813`**
`Charge for year`
**`121`**
**`179`**
`At 30 June 2022`
**`7,959`**
**`13,992`**
**`NET BOOK VALUE`**
`At 30 June 2022`
**`363`**
**`534`**
`At 30 June 2021`
`484`
`713`
**`10.`**
**`HERITAGE ASSETS`**
**`MARKET VALUE`**
`At 1 July 2021`
`Additions`
`At 30 June 2022`
**`NET BOOK VALUE`**
`At 30 June 2022`
`At 30 June 2021`|`Totals`
`£`
**`22,848`**
**`21,651`**
**`300`**
**`21,951`**
**`897`**
`1,197`
`Total`
`£`
**`961,011`**
**`81,599`**|`Totals`
`£`
**`22,848`**|
|---|---|---|
|||**`21,651`**
**`300`**|
|||**`21,951`**|
|||**`897`**|
|||`1,197`|
||**`1,042,610`**||
||**`1,042,610`**||
||`961,011`||
```
HeritageassetscompriseBettonGrange(underconstruction),plus£40,000thesocietypaid in
February 2010 for the unrestored locomotive 5952 Cogan Hall.
```
```
ThefrontbogieofCoganHallhasbeenremovedtoassistintheconstructionof6880 Betton
Grange.Thetenderwillalsoberestoredfortheeventualusebehind6880.The6880Society have
promisedthatCoganHallwillberestoredinherownrightandtheirlong-termaimistohave both
6880 and 5952 working together
```
```
Theboilerwaskindlydonatedto6880bytheValeofGlamorganCouncilfromtheir unrestored
locomotive7927WillingtonHall.6880willcarrytheBarryShedplatecode88Casarecognition of
this valuable donation.
```
## **`11. STOCKS`**
|**`STOCKS`**|||
|---|---|---|
||**`2022`**|`2021`|
||**`£`**|`£`|
|`Stocks`|**`1,700`**|`1,700`|
```
continued...
```
```
Page 11
```
```
6880 BETTON GRANGE (SOCIETY) LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022`**
## **`12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
|`Other debtors`
`VAT`
**`13.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Other loans (see note 14)`
`Trade creditors`
`VAT`
`Accrued expenses`
**`14.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`Amounts falling due within one year on demand:`
`Other loans`|**`2022`**
**`£`**
**`10,000`**
**`-`**
**`10,000`**
**`2022`**
**`£`**
**`20,000`**
**`22,486`**
**`56`**
**`200`**
**`42,742`**
**`2022`**
**`£`**
**`20,000`**|`2021`
`£`
`26,500`
`6,768`|
|---|---|---|
|||`33,268`|
|||`2021`
`£`
`20,000`
`1,503`
`-`
`175`|
|||`21,678`|
|||`2021`
`£`
`20,000`|
```
AmemberoftheSocietyhaskindlyprovidedaninterestfreeloanof£20,000tohelpwith the
funding of the Boiler refurbishment.
```
## **`15. MOVEMENT IN FUNDS`**
|**`Unrestricted funds`**
`General fund`
`Boiler appeal`
`Tender appeal`
**`TOTAL FUNDS`**|`At 1.7.21`
`£`
**`771,299`**
**`261,320`**
**`14,330`**
**`1,046,949`**
**`1,046,949`**|`Net`
`movement`
`At`
`in funds`
`30.6.22`
`£`
`£`
**`29,967`**
**`801,266`**
**`-`**
**`261,320`**
**`7,310`**
**`21,640`**
**`37,277`**
**`1,084,226`**
**`37,277`**
**`1,084,226`**|`Net`
`movement`
`At`
`in funds`
`30.6.22`
`£`
`£`
**`29,967`**
**`801,266`**
**`-`**
**`261,320`**
**`7,310`**
**`21,640`**
**`37,277`**
**`1,084,226`**
**`37,277`**
**`1,084,226`**|
|---|---|---|---|
||||**`1,084,226`**|
||||**`1,084,226`**|
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
`Tender appeal`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
**`44,156`**
**`7,310`**
**`51,466`**
**`51,466`**|`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
**`(14,189)`**
**`29,967`**
**`-`**
**`7,310`**
**`(14,189)`**
**`37,277`**
**`(14,189)`**
**`37,277`**|
|---|---|---|
```
continued...
```
```
Page 12
```
```
6880 BETTON GRANGE (SOCIETY) LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022`**
## **`15. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
`Boiler appeal`
`Tender appeal`
**`TOTAL FUNDS`**|`At 1.7.20`
`£`
`710,314`
`261,320`
`11,210`
`982,844`
`982,844`|`Net`
`movement`
`At`
`in funds`
`30.6.21`
`£`
`£`
`60,985`
`771,299`
`-`
`261,320`
`3,120`
`14,330`
`64,105`
`1,046,949`
`64,105`
`1,046,949`|`At`
`30.6.21`
`£`
`771,299`
`261,320`
`14,330`|
|---|---|---|---|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
`Tender appeal`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`Movement`
`resources`
`expended`
`in funds`
`£`
`£`
`£`
`63,594`
`(2,609)`
`60,985`
`3,120`
`-`
`3,120`
`66,714`
`(2,609)`
`64,105`
`66,714`
`(2,609)`
`64,105`|
|---|---|
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|||`Net`||
|---|---|---|---|
|||`movement`|`At`|
||`At 1.7.20`|`in funds`|`30.6.22`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`710,314`|`90,952`|`801,266`|
|`Boiler appeal`|`261,320`|`-`|`261,320`|
|`Tender appeal`|`11,210`|`10,430`|`21,640`|
||`982,844`|`101,382`|`1,084,226`|
|**`TOTAL FUNDS`**|`982,844`|`101,382`|`1,084,226`|
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`107,750`|`(16,798)`|`90,952`|
|`Tender appeal`|`10,430`|`-`|`10,430`|
||`118,180`|`(16,798)`|`101,382`|
|**`TOTAL FUNDS`**|`118,180`|`(16,798)`|`101,382`|
```
continued...
```
```
Page 13
```
```
6880 BETTON GRANGE (SOCIETY) LIMITED
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022`**
## **`16. RELATED PARTY DISCLOSURES`**
```
5199PROJECT:Membersofthisassociatedlocomotiveprojectformedthenucleusofthe team
thatcreatedTheBettonGrangeSociety.Thereisashareduseofequipmentownedby both
Projects and some mutually acceptable swopping of certain components for practical reasons.
```
## **`17. ULTIMATE CONTROLLING PARTY`**
```
There is no one ultimate controlling party. Control of the charitable company lies with the trustees.
```
## **`18. MEMBERS GUARANTEE`**
```
Thecompanyislimitedbytheguaranteeofthemembers.Theliabilityofthemembersis limited
to £10 on the winding up of the company.
```
```
Page 14
```