REGISTERED COMPANY NUMBER: 04785581 (England and Wales) REGISTERED CHARITY NUMBER: 1100537 6880 BErroN GRANGE (SOCIETY) LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
6880 BErroN GRANGE (SOCIETY) LIMrrED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 Page Report of the Trustees I to 4 Independent Examiner's Report statement of Financlal Activities Statement of Flnanclal Position Notes to the Flnancial Statements 9 to 17
6880 BErroN GRANGE (SOCZETY) LIMITED (REGISTERED NUMBER: 04785581) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice appllcable to charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims To Operate, maintain and exhibit for public benefit and educational and instructional purposes locomotives of historic or scientific importance. Whlle many of the other Great Western classes survived into preservation, from a Class of 80 locomotives no 'Granges' survived the cutters torch. The 6B80 Society was formed with the sole intention of recreating a Great Western 'Grange' class locomotive, which now completed has become the 815t 'Grange' Significant actlvltles The year 2024 was highly slgnificant for the project as the locomotive officially became operational and entered regular servlce, a major milestone to recreate a "Grange" class engine, none of which were preserved after belng scrapped in the 1960s. In December 2024, contracts were exchanged for the Gloucestershire Warwickshire Steam Railway to become the long-term base for Betton Grange from February 2025 onwards. ACHIEVEMENTS AND PERFORMANCE Charitable activities In 2024, the newly constructed GWR steam locomotive No. 6880 'Betton Grange, was completed, steamed for the first time, and began operating public passenger services across several UK heritage railways. Following its first movement under it's own power on April 11, 2024, after more than 25 years of planning and construction, and its public debut hauling passenger trains at the GWSR Cotswold Festival of Steam in May 2024, there followed Summer and AutLtmn visits on a tour Df other heritage Ilnes. 6880 spent time runnlng trains at the West Somerset Railway in July 2024 as part of their 150th anniversary event, followed by a stay at the North Norfolk Railway from August through to November to gain more running experience. Winter operations saw the locomotive moved in November to the Battlefield Line in Leicestershire, where It was based for the winter season and used to haul the railway's Santa Specials in December. In 2025, the locomotive was a featured guest at several galas across the UK, and operated regular passenger services at its new long-term home, the Gloucestershire WaTrvickshire Steam Railway IGWSR). The year started with the locomotive participating in the Wlnter Steèm Gala at the Great Central Railway n January, and at the Winter Warmer Steam Gala at the Battlefield Line. In February, Betton Grange moved to the GWSR and included hauling special 'Ra¢e Trains" to Cheltenham Racecourse in March, nostalgic nod to the class's original duties. For the Spr(ng Gala season, the locomotTve was a star attraction at the Llangollen Railway's Branch Llne Gala in April, marking Its flrst vlsit to its original construction base a5 an operational engSne. Thls was followed by a starrlng role at the Severn Valley Railway's Spring Steam Gala later that month. Page I
6880 BEON GRANGE (SOCIETY) LIMITED (REGISTERED NUMBER: 04785581) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 ACHIEVEMENTS AND PERFORMANCE Fundraising activities There are many ways we try to raise funds apart from membership fees that are paid on a monthly basis by a number of people. Betton Grange have a sales stand that sells variDUS branded goods, thi5 Stand goes to a number of event5 throughout the year. We also sell items via our website. Another way of raising funds is via our eBay page where we sell iterns that have been donated to us. Easy Fundraislng Is another way that we raise funds along with having a TEXT Donate appeal tsn an ad hoc basls. A number of new fund raising initiatives have now been launched to help with much needed cash reserves to enable the work to start on the building of a new tender suitable to operate long term with Betton Grange. FINANCIAL REVIEW Financial position Locomotive hire fees ached £86,680 in its first full year of operation, and contrlbuted significantly to the operating surplus of £102,995. Donatlons towards the new tender build added a further £37,095 towards that initiatlve, but there Is still some way to go before we meet our target to raise £150,000. The society has established different contribution tlers and is actively seeking donations through several initiatives- Ton-up Club": Donors can contrlbute ÉIOO I"a Ton for the Tender"). 3500 Tank Club": A contribution of £350 goes towards building the new tender tank. Chassis Club": A donation of £1,100 helps fund the tender chassis construction. All funds generated are being managed to meet 3 main objectives at the moment, and it is a difficult balancing act to keep each of the stakeholders happy. It is most important that we have sufficient available funds to meet week to week costs to keep the locomotive fully operational. Ongoing repair costs incurred as the locomotive was properly run in throughout the year, amounted to £20,242. Loans taken out in 2024 to speed up the completion of the locomotive once the boiler certificate was granted, still need to be serviced. In total £45,500 was repaid in the year against the original total borrowings of £160,000, leaving £114,500 still outstanding at the year end. Finallyi as available funds permit, expenditure on the construction of the new tender needs to be financed Work on the tender started in earnest after the year end 50 there are no construction costs included in the year to June 2025, but a total of £27,330 {up to November 2025> has now been spent as the construction work commenced. Principal funding sources The principal fund raising sources are- Membership fees Donations Sales events Locomotive hire Reserves policy The trustees have no formal reserves policy but aim to maintain sufficient funds that allow a certain amount of financtal Security, but also to take advantage of opportunities to acquire spares and parts as they become available. Page 2
6880 BEON GRANGE (SOCIETY) LIMITED (REGISTERED NUMBER: 04785581) REPORT OF THE TRUSTEES FOR THE YEAR eNDED 30 JUNE 2025 FUTURE PLANS Summer and Autumn vlsbts saw a return vi$t to the North Norfolk Rallway for the Summer season from July to September. More recently In October 2025, the locomotlve was a guest at the Bluebell Railway's Giants of Steam" gala, an event celebrating 21st-century new-bulld steam locomtstives. It ran alongside other new-builds like 60163 Tornado, 2999 Lady of Legend, and 32424 Beachy Head. Events for 2026 are still very much in the planning stage, but prior to the Bluebell event the locomotive successfully passed its first boiler exarn, setting it up for continued operatlon on the heritage railway circuit. While the locomotive is fully operational, the society is currently focused on building a new, authentic 3,500-gallon tender to run with it permanently, replacing the currently hired tender from Foxcote Manor. Our project to build the tender for 6880 is taking shape, with the recent completion of the tank assembly. Many thanks to all who have contributed towards building our own tender for Betton Grange, however we still need further funds to store the chassls before we can complete the project. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The 6880 Betton Grange {Societyl Limited is a charity established and governed by Memorandum and Articles of Association dated 3rd June 2003 Recruitment and appointment of new trustees The appointment of new trustees are in accordance with the provisions held within the Company Memorandum and Articles of Association. Related parties 5199 PROIECT.. Members of this associated locomotive project formed the nucleus of the team that created The Betton Grange Society. There is a shared use of equipment owned by both Projects and some mutually acceptable 5wopping of certain components for practical reasons. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company rtumber 04785581 (England and Wales) Registered Charlty number 1100537 Reglstered offl¢e 43 45 Devizes Road Swlndon Wlltshire SNI 48G Trustees Mr Q D McGuinness {resigned 28.7.24) Mr D E HLJntbatch Mr P A Appleton Mr R J Cadge Mrs E McGuinness (resigned 28.7.24) Mr C J Moore Mrs L M Moore Company Secretary Mr I Sumbler FCCA Page 3
6880 BErroN GRANGE (SOCIETY) LIMITED (REGISTERED NUMBER: 04785581) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Mr S Nuttall FCA Monahans Chartered Accountants Oakley House Tetbury Road clnCester Gloucestershire GL7 IUS STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of 6880 Betton Grange (Society) Limited for the purposes of company lawl are responsible for preparing the Report of the Trustees and the flnancial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice) includlng Financlal Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Cornpany law requires the trustees to prepare flnancial statements for each financial year. Under that law, the trustees have elected to prepare the flnancial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Unlted Klngdom Accounting Standards and applicable law). Under company law the trustees must not approve the financlal statements unless they are satlsfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, Including the Income and expendlture, of the charitable company for that period. In preparing those financial statements, the trustees are required to select suitable accountlng policies and then apply them consistently; observe the methods and principles in the Charities SORP. make Judgements and estlmates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charltable company will continue in business. The trustees are responsible for keeping proper accounting record5 which disclose with reasonable accuracy at any time the financial p051tion of the charitable company and to enable them to ensure that the financial statement5 comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prePad in accordance with the special provision5 of Part 15 of the Companies Act 2006 relating to small cornpanie5. Approved by order of the board of trustees on 9 February 2026 and signed on its behalf by.. Mr R J Cadge Trustee Page 4
INDEPENDENT EXAMINER'S REPORT TO THe TRUSTEES QF 6880 BErroN GRANGE {SOCIFfi) UMJTED Ind¢pondont eMMin• r•port to th• trust•u of 6880 Bettgn QTrn9e (So¢lety) Llmlt¢d {'th• Companv.) I rèport tts the charlty trustees on my examlnatyon of the accourts of the Company for the year ended 30 June 2025. R•spon$lbllltlgs and b•$is of report As the charlty's trustees of the Company (and also It5 dlre¢tor% for the pvrposes of company law) you are responslble for the preparnyon of the accounts In accordance wlth the requlrements of the Companles Art 20061'the 2006 Art,). Havlng saljsfled myself that the accounts of the Cornpany are not QuIred tt> be audltsd under Part 16 of the 2006 Att and a ellglble for Independent examlnatlon, I report In re5peLt of rny examlnavon of your charlty's accounts as carrled out under Secyon 145 of the Charldes Att 2011 ('the 2011 Acr). In carylng out my examlnatlon I have followed the Dlrethon5 olven by the Charlty Commlsslon under Sectlon 145(5) Ibl of the 2011 Att. Independent examlner'$ st4t¢ment I have completed rny exarnlnauon. I conflrni that no matters have come to my attentlon In connertlon wlth the examinayon glvlng me cause to belleve: ccountlng records were not kept In respert of the Company a5 requlred by Sethon 386 01 the 2006 Att; or the accounts do not accord wlth those records,. or the accounts do not comply wlth the accounttng requlrements of Sethon 396 of the 2006 Act other than any requlrement that the accounts glve a true and fblr vlew whlch Is not a matter consldered as part of an Independent examlnaUon' or the a¢¢ounts have not been prepared In accordance wlth the meth¢)ds and prlnclples of the Statement of Reccjmmended Prac for occounung and reporting by charttles lapplloble to charftles preparlng thelr accounts In accordance wlth the nancIal RePOrn9 Standard appllcable In the UK and Republlc of Ireland (Frts 1021). I have no concems and have Come across no other matters In connectlon wlth the exarnlnatlon to whlch attenilgn should be drdwn In thls report In order to enable a proper understsndlng of the accounts to bt reached. r S Nuttall FCA Monahans Chart¢red A¢countJnts Oakley House Teibury Road arenster Glou¢estershlre GL7 IUS Page S
6880 BEoN GRANGE (SOCIETY) LIMrrED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025 2025 Unrestricted funds 2024 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 47,630 60,753 Charitable actlvltleg Tender appeal Locomotive fees 32,795 86,680 14,465 5,100 Other trading actlvltles 8,733 2,516 Total 175.838 82,834 EXPENDXTURE ON Ralsing ftjnds 2,554 2,262 Charitable activities Administrative costs Locomotive operating costs 7,715 62,574 3,402 35,712 Total 72,843 41,376 NET INCOME 102,995 41,458 RECONCILXATION OF FUNDS Total funds brought forward 1,180,823 1,139,365 TOTAL FUNDS CARRIED FORWARD 1,283.818 1, 180,823 The note5 form part of these financial statements Page 6
6880 BEON GRANGE (SOCIETY) LIMITED (REGISTERED NUMBER: 04785581) STATEMENT OF FINANCIAL POSITION 30 JUNE 2025 2025 Unrestricted funds 2024 Total fund5 Notes FIXED ASSETS Intangible assets Tangible assets Heritage assets li 12 13 170 605 1,335,164 340 807 1,363,296 1,335,939 1,364,443 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 14 15 900 26,610 46,160 2,000 13,620 4,620 73,670 20,240 CREDITORS Amounts falling due within one year 16 (125,791) (183,86L)I NET CURRENT ASSETS {52,121) (163,62Ql TOTAL ASSETS LESS CURRENT LIABILITIES 1,283,818 1,200,823 CREDITORS Amounts falling due after more than one year 17 (20,CIOO} NET ASSETS 1,283,818 1,180,823 FUNDS Unrestricted funds 19 1,283,818 1, 180,823 TOTAL FUNDS 1,283,818 1, 180,823 The ¢harltable company is entitled to exernption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Sectlon 476 of the Companies Act 2006. The trustees acknowledge their responslbillties for {a} ensuring that the charitable company keeps accountlng records that comply wlth Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which glve a true and fair vlew 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 relatlng to financial statements, so far as applicable to the charitable company. (b) The notes fomi part of these financial statements Page 7 continued...
6880 BEON GRANGE (SOCIETY) LIMITED (REGISTERED NUMBER: 04785581) STATEMENT OF FINANCIAL POSXTION - contlnued 30 JUNE 2025 These financial statements have been prepared in accordance wlth the provislons applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 9 February 2026 and were signed on its behalf by: Mr R J Cadge - Trustee The notes form part of these Nnanclal ststements Page 8
6880 BEoN GRANGE (SOCIETY) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 CHAR INFORMATION The company is a company limited by guarantee and incorporated in England and Wales, and a gistered charity with the Charity Commission in England and Wales. The registered offlce address Is 43 -45 Devizes Road, Swindon, Wbltshlre SN 14BG These flnanclal statements are presented in British Pounds {G8P), whlch is the charity's functional and presentatlonal currency. ACCOUNTING POLICEES Basis of preparing the financl?I statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Char(tles SORP (FRS 1021 'Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 2015),, Financial Reporting Standard 102 'The Flnancial Reporting Standard applicable in the UK and Kepubllc of Iland, and the Companies Act 2006. The financial statements have been prepared under the hlstorical cost convention. Financial reporting standard 102- reduced dls¢lo$ure exernptions The charity has taken exemption from preparing a cash flow statement under the charlties SORP {FRS 1021 Update Bulletin l issued on 2 February 2016, as the charity constitutes a small charity. Income All income is recognised in the Statement Df Financial Actlvbtles once the charity has entitlement to the fund5, It is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditu as soon as the is a legal or constructive obligation committing the charity to that expendltLJre, It is probable that a transfer of economic benefits will be required In settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activltles on a basls conslstent with the use of resources. Xntanglble asset In view of the relatively small costs involved, and longevlty of the trademarks, no amortisation is being applied on the basis it would be immaterial to the accounts as a whole. Tangible fixed a$$ets Depreciation is provided at the following annual rates in order to wrlte off each asset over its estimated useful life. Marquee & Container Equipment 25Q/D on reducing balance 25Q/tr on reducing balance Herltage as$et$ The Heritage assets are stated at historical c05t, together with the accumulated costs of storation to working order a5 incurred. Due to the special nature of the assets, it is considered impractical to adopt a policy of revaluation. The tnjstees conslder the assets each year In terms of impairment. Should any impairment arise this will be charged to the statement of flnancial activities in the year in which it occurs. Generally the trustees believe that assets appreciate In value and therefore no policy of depreciation is applied in order to show a true and fair view. The boiler is being treated as a component asset within the overall constructiori of the locomotive and is subject to depreciation at IOO/o Straight line, 5tartlng at the point the 10 year boiler certificate was issued in April 2023. Page 9 continued...
6880 BErroN GRANGE (SOCIETY) LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025 ACCOUNTING POLICIES - contlnued Sto¢ks Sto¢ks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Taxatlon The charlty Is exempt from corporatlon tax on Its charftable activitles. Fund accountlng Unrestricted funds can be used in accordance with the charltable objectives at the discretion of the trustees. Restricted funds can only be used for particular restritted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restThcted purposes. Further explanatlon of the nature and purpose of each fund is Included in the notes to the financial statements. DONATIONS AND LEGACIES 2025 2024 Donations Gift aid Members subscriptions 9,010 25,513 13,107 21,482 25,128 14,143 47,630 60,753 OTHER TRADING AcfIvITIES 2025 2024 Sales Sponsorship Other income 2,883 4,300 1,550 2,516 8,733 2,516 INCOME FROM CHARITABLE AcfivITIES 2025 2024 Activity Tender appeal Locomotive fees Tender appeal Locomotive fees 32,795 86,680 14,465 5,100 119,475 19,565 Page 10 continued...
6880 BEON GRANGE (SOCIETY) LIMThED NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30 JUNE 2025 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 71 Support costs Totsls Administrdtive costs Locomotive operating costs 7,715 7,715 62,574 62,574 62,574 7,715 70,289 DIREcr cosrs OF CHAIUTABLE AcfIviTIES 2025 2024 Hlre of tender Repairs and newaIS DepCiatIOn 14,200 20,242 28,132 6,450 1,130 28,132 62,574 35,712 NET INCOMEI(EXPENDThURE} Net Income/{expenditurel is ststed after ¢harglngl{credltlngl: 2025 2024 Depreclatlon owned assets Deficit on dlsposal of flxed assets Depreclation - Betton Grange boller 202 170 28,132 270 28,132 TRUSTEES. REMVNERATION AND BENEFITS There were no trustees. remunerntion or other benefits for the year ended 30 June 2Q25 nor for the year ended 30 June 2C124. Trustees, expenses The were no trustees. expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds INCOME AND ENDOWMENTS FROM Donations and legacies 60,753 Charltable actlvltles Tender appeal Locomotive fees 14,465 5,100 Other trading attlvities 2,516 Total 82,834 EXPENDrruRE ON Raising funds 2,262 Page 11 ntlnued..
6880 BErroN GRANGE (SOCIETY) LIMXTED NOTES TO THE FXNANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 30 JUNE 2025 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrrIES - continued Unrestritted funds Charitable activities Administrative costs Locomotive operatlng costs 3,402 35,712 Total 41,376 NET INCOME 41,458 RECONCILIATXON OF FUNDS Total funds brought forward 1,139,365 TOTAL FUNDS CARRIED FORWARD 1,180,823 11. INTANGIBLE FIXED ASSETS Trademark COST At l July 2024 Dlsposals 340 (170) At 30 June 2025 170 NET BOOK VALUE At 30 June 2025 170 At 30 June 2024 340 12. TANGIBLE FIXED ASSETS Marquee & Contalner Equipment Totals COST At l July 2024 and 30 June 2025 8,722 14,666 23,388 DEPRECIATION At l July 2024 Charge for year 8,293 107 14,288 95 22,581 202 At 30 June 2C125 8,400 14,383 22,783 NET BOOK VALUE At 30 June 2025 322 283 605 At 30 June 2024 429 378 807 Page 12 contlnued...
6880 3ErroN GRANGE {SOCXETY) LIMITED NOTES TO THE FINANCIAL sfATEMENTS - contlnued FOR THE YEAR ENDED 30 JUNE 2025 13. HERITAGE ASSETS Total MARKET VALUE At l July 2024 and 30 June 2025 1,398,461 PROVISIONS At l July 2024 Charge for year 35,165 28,132 At 30 June 2025 63,297 NET BOOK VALUE At 30 June 2025 1,335,164 At 30 June 2024 1,363,296 Meritage assets comprlse Betton Grange (now operatlonal), plus £40,000 the society paid in February 2010 for the unrestored locorNotive 5952 Cogan Hall. The front bogle of Cogan Hall has been removed to asslst In the con5tNction of 6880 Betton Grange. The 6880 Soclety have promised that Cogan Ha11 wlll be stored in her own right and their long-term aim is to have both 6880 and 5952 working together The boiler was kindly donated to 6880 by the Vale of Glamorgan Coundl from thelr unrestored locomotive 7927 Wlllington Hall. 14. STOCKS 2025 2024 Stocks 900 2,000 15. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2025 2024 Trade debtors Other debtors 11,610 15,000 6,120 7,500 26,610 13,620 Page 13 contlnued...
6880 BEON GRANGE (SOCIETY) UMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2025 16. CREDrroRS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 other loans (see note 181 Trade ¢dItOrS VAT AccrLted expenses 114,500 8,945 2,121 225 140,000 43,578 57 225 125,791 183,860 17. CREDrroRS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Other loans (see note 181 20,000 18. LOANS An analysls of the maturity of loans is given below.. 2025 2024 Amounts falllng due within one year on demand.. other loans Trustee loans Related party loan 35,000 57,000 22,500 40,000 70,000 30,000 114,500 140,000 Amounts falllng between one antl two years: Related party loan 20,000 A member of the Soclety kindly provided a number of years ago an Interest free loan of É20,000 to help wSth the funding of the Boiler refiJrbishment.Now that the ltscomotive has ented revenue earnlng servlce, part of this loan has been paid in the year, leavlng £15,000 outstandlng at the year end. Further funds were tsken in 2024 to help with the completion of the locomotive. The trustee5 felt thi5 was an important step to take as the boller certlflcate was °tlcklng' and any more tlme lost completing the build would be detrimental to the project as a whole. The amounts of these loans that remaln outstanding at the year end are as follows. to a member of the Society £20,000 to the trustees of the Society £57,000 the formal loan drawn up between the Soclety and 5199 Project had repayment tems over 20 months starting in August 2024.The amount wmaining outstanding is £22,500 repsentIng 10 further payMentS Page 14 contlnued.
6880 BEThON GRANGE (SOCIETY) LIMITED NOTES TO THE FINANCIAL STATEMENTS - ¢ontlnued FOR THE YEAR ENDED 30 JUNE 2025 19. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 30.6.25 At 1.7.24 Unrestricted funds General fund Boller appeal Tender appeal 950,857 226,155 3,811 94,032 (28,132) 37,095 (5,000) 1,039,889 5,000 203,023 40,906 1,180,823 102,995 1,283,818 TOTAL FUNDS 1,180,823 102,995 1,283,818 Net movement In funds, Included In the above are as follows.. Incoming resource5 Resource5 expended Movement In funds Unrestricted funds General fund Boiler appeal Tender appeal 138,743 (44,711) (28,132) 94,032 (28,132) 37,095 37,095 175,838 (72,843) 102,995 TOTAL FUNDS 175,838 (72,843) 102,995 Comparative$ for movement In tvnds Net movement In funds Transfer5 beeen funds At 30.6.24 At 1.7.23 Unrestricted fund$ General fund Boiler appeal Tender appeal 860,128 254,287 24,950 55,125 128,132) 14,465 35,604 950,857 226,155 3,811 (35,604) 1,139,365 41,458 1,180,823 TOTAL FUNDS 1,139,365 41,458 1,180,823 Comparatlve net movement in funds, Sncluded in the above a as follows: Incomlng resOurS Resources expended Movement in funds Unrestrlcted funds General fund Boiler appeal Terkder appeal 68,369 {13,244) {28,132) 55,125 128,132) 14,465 14,465 82,834 {41,376) 41,458 TOTAL FUNDS 82,834 {41,3761 41,458 Page IS continued...
6880 8ErroN GRANGE {SOCZETY) LIMrrED NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 30 JUNE 2025 19. MOVEMENT IN FUNDS- continued A ojrrent year 12 months and prtor year 12 months comblned posltlon Is as follows- Net movement In funds Transfers between funds At 30.6.25 At 1.7.23 Unrtstricted funds General fund Boiler appeal Tender appeal 860,128 254,287 24,950 149,157 156,264) 51,560 30,604 5,000 (35,604) 1,039,889 203,023 40,906 1, 139,365 144,453 1,283,818 TOTAL FUNDS 1,139,365 144,453 1,283,818 A current year 12 months and prior year 12 months comblned net movement in funds, included in the above are as follows.. Incomlng resour Resources expended Movement In funds Unrestrirted funds General fund Boiler appe#l Tender appeal 207,112 (57,955) (56,264) 149,157 (56,264) 51,560 51,560 258,672 (114,219) 144,453 TOTAL FUNDS 258,672 {114,219) 144,453 Transfers between funds The trustees chose to utilise funds that had been collected with the purpose of supporting the Tender appeal, to help wlth the ftnancing of the locomotive completion. This equated to an amount "borrowed from thls fund of £35,604 and is shown above. 20. RELATED PARTY DXSCLOSURES 5199 PROJECT.. Members of this associated locomotlve projert formed the nucleus of the team that created The Betton Grange Society. There 15 a shared use of equipment owned by both Projects and some mutually acceptable swopplng of certain components for prartlcal reasons. A loan from the 5199 Projert was given to the Society to help support the completion costs of the englne bulld. Formal documentation was drawn up and the loan will be repaid as disclosed in note 18 to these accounts. Page 16 contlnued...
6880 BEfTON GRANGE (SOCIETY) LIMThED NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 JUNE 2025 21. ULTIMATE CONTROLLING PARTY There is no one ultimate controlling party. Control of the charltsble company Iles wlth the trustees. 22. MEMBERS GUARANTEE The company Is Ilmlted by the guarantee of the menibers. The liability of the members Is limited to £10 on the wlndlng up of the company. Page 17