Company Number 3549477
Moseley Railway Trust
(Company Limited by Guarantee)
Registered Charity No. 1100827
Trustees, Report and Financial Statements
31 Deeember 2023
Contents
Page
Report of the Trustees
Independent Examiner's Report
Profit and Loss Account
Balance Sheet
Ststement of Financial Activities
Notes
Detailed Income and Expenditure Account
15

Moseley Railway Trust
Report of the Trustees
The trnstees. who are also directors ofthe charity for the purposes of the Companies Act 2006.
present their report with the financial statements of the charity for the year ended
31 st December 2023. The trustees have adopted the provisions of Accounting and Reporting
by Charities: Ststement of Recommended Practice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) (effective l January 2015)-
Structure, Governance and Msnagement
The Company is governed by a Memorandum and Articles of Association, and is a company
limited by guarantee. Its Directorsrrrustees are appointed or proposed by existing directors,
then conftnned by election at the next Annual General Meeting for a tenn of three years. They
retire in rotation.
The Trustees who held office during the year and at the date of signing this report were as
follows".-
Adam Forgham Fenington
Richard David Grey (Deputy Chairnjan)
Simon Robert Lomax
Philip Charles Robinson (Chairman)
John Arthur Selwyn Rowlands
Michael David Salt (Appointed 22nd April 2023)
The trustees have given guarantees on the same basis as all other members of the company.
The truslees have no other financial interest in the company.
The company is a member of the Heritage Railway Association, and as a railway-related
organisation it places great emphasis on safety. All its trustees are signatories to its Safety
Management System. Moseley Railway Trust works closely with the Apedale Heritage Centre
(Registered Ckwity No 1072104) to develop the Aped21e site and the County Park within
which they are both located. To this end a jointly owned company, Bugsworth Navigation
Ltd., was set up to acquire land to be l&qsed to the two charities. There is also consultation and
collaboration with Staffordshire County Council regarding the Apedale County Park.
The company has a wholly owned subsidiary company, Apedale Valley Light Railway Ltd.
This company carries on commercial activities such as special events and sales of souvenirs
and donates its profits to its parent. its figures are consolidated within these accounts.

Moseley Railway Trust
Report of the Trustees (continued)
After safety, the trustees consider the main risks currently to be availability of funding for
capital projects. and loss of co-operation by L￿al Authorities in granting leases for railway
construction. In respect of the fornier. new projects are assessed for eligibility for grant
funding, and work does not commence until a funding source has been secured. In many cases
this requires the membership to make good any shortfall of external funding. As regards the
Local Authorities. goodwill exists. but it is necessary to be patient and not carry out work nor
risk costs where there is a perceived risk that the administrative or legal processes cannot be
completed.
Principal activities
The principal activity of th¢ company is education of th¢ public through the maintaining and
running of a narrow-gauge railway (the Apedale Valley Light Railway) and museum, on land
at Apedale in North Staffordshire. The company is Registered Charity No l 100827. It holds a
larg¢ collection of industrial narrow-gauge locomotives. rolling stock and other items.
Mernbers of the Trust also give talks. publish books, and assist other railways in order to
publicise Moseley Railway Trust and further its objectives.
During 2023 no fiwther progress was made on the Museum Building project. The trustees
continue to consider possible funding options.
During the year further work was done on fitting out the second Storage Building, Aurora 2,
which was built in 2020 in order to ease site storage problems and better preserve the Trust's
and Members, assets.
During 2020, the Trust came to a revised agreement with Apedale Heritage Centre over the
tenns of the lease of the station building. The tn￿teeS are hopeful that the extremely
protractd completion of this lease transaction will be completed during 2024.
Operationally, passenger numbers in 2023 were at similar levels to those achiev¢d in 2022.
Passenger trains were run at weekends for the fidl season from April to October 2023, plus at
Halloween and a full pro￿llMe of Santa Trains was run on five days prior to Christmas
2023.
The Income and Expenditure Account sury)lus for 2023 of £13.5k compares to a surylus of
£24.2k in 2022, with 2022 having benefitted from an abnorn]al£y high level of donations.
Once adjustment has been made for this particular item. 2023's operational results were
similar to those achieved in 2022.
The company's fmancial policy is for its Income and Expenditure Accoun( under nonnal
circumstances, to at least break even. This relies on fund rdising from its membership and from
external funding bodies to supplernent sales of publications, ticket sales for train rides and
open days, and recharging storage costs to members whose locomotives are housed by the
company. Surplus funds are directed into development of the site and railway. As

Moseley Railway Trust
Report of the Trustees (contimled)
described previously, the rate of prO￿sS of these developments is managed so as to match the
fmance available. From time to time, particular artefacts become available, and the Trust
rnay raise or desI￿te funds to acquire these if they compIy with its Collection Policy. All
monies received for specific purposes are credited to separnte accounts until expended.
The Trnst continued to be active during the year in providing its locomotives and rolling stock
to other railways for their galas and other events. thus allowing the Trust's assets to be enjoyed
by as wide an audience as possible.
This report has been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating to small companies. In order to comply with SORP: Accounting
and Reporting by Charities, a Statement of Financial Activities has also been
included at page 8. A reconciliation of this statement to the Profit and Loss Account is shown
at page 10.
By order of the Board
M Roberts
Secretary
Registered Office:
I l Ashwood Road.
Disley,
Stockpo
Cheshire.
SK12 2EL

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
MOSELEY RAILWAY TRUST
LIMITED BY GUARANTEE
I report on the accounts for the year ended 3 ISE December 2023 set out on pages six to fifteeft.
Respeetive responsibilities of trustees and examiner
The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of
the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the
Charities Act 2011 (the 2011 Act}) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent
examination. it is my responsibility to-
examine the accounts under Section 145 of the 201 l Act
to follow the Procedures laid down in the General Directions given by the Charity Commission (under Section
145(5Xb) of the 2011 Act). and
to state whether particular matters have come to my attention.
Basls of the Independent examiner's report
My examination was carried out in accordance with the Genernl Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts presenled
with those records. It also includ¢s consideration of any unusual items or dis¢losures ITJ the accounts. and seeking
explanations from you as trustees concerning any such matters. The procedures undertaken do not Provide all the
evidence that would be Tequired in an audit. and consequently no opinion is given as to whether the accounts present a
'true and fair view ' and the report is limited to those matters set out in the statements below.
ndependent examiner's statement
IT] connection with my examination, no matter has come to my attention:
(i)
which gives me reasonable cause to believe that, in any material respecL the requirements
to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006. and
to prepare accounts which accord with the accounting records, comply with the accounting requirements
ot Section 394 and 395 of the Companies Act 2006 and with the methods and principles of the
Accounting and Reporting by Charities . Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and
Republic of Ireland (FRS 102) (effective l January 2015)
have not been met. or
(2)
to which, in my opinion, attention should b¢ drawn in order to enable a proper understanding of the accounts
to be reached.
Darren Clark Cooper BA (Hons), F.C.A.. C.T.A.
A Allen & Son Limited
45 Union Road
New Mills
High Peak
SK22 3EL
8 February 2024

Moseley Railway Trust
Profit and Loss Account
For theyear ended 31 December 2023
Group
2023
Group Company Company
2022
2023
2022
Turnover
84,136
93.865
75,214
86.043
Expenses
70.625
69,644 61,703
61,822
Profit on Ordinary Activities before
Taxation
13,511
24,221
13.511
24,221
Taxation
Profit after Tax transferred to Reserves
13.511
24,221 13.511
24,221
Profit is stated after Charging:
Group
2023
Group Company Company
2022
2023
2022
Independent Accountant's fee
Depreciation
Bank and PayPal charges
688
18,992
1,716
676
550
19,169 18,992
1,687
201
550
19,169
346

Moseley Railway Trust
Balance Sheet
at 31 December 2023
Note
Group
2023
Group Company Company
2022
2023
2022
Fixed A&gets
553,105
563.828
553.105
563,828
Investments
13,500
13.650
14,500
14,650
Current Assets
Stocks
Debtors
Cash at bank and in hand
10,752
15,022
8.955
8,561
7,043
18.557
5,550
11,607
120.494
98,819
Creditors". amounts falling due within
one year
Net Current Assets
119.219
97,629
73,723
54,347
72.723
53,347
Long Terni Liabilities
Net Assets
Deferred Capital GrnDts
Restricted Funds
Income and Expendithre Account
Revaluation Account
Members, Funds
367,847
5,935
189.066
374,890
367.847
5,935
189,066
374,890
1,900
175,105
10
175.105
For the year ended 31 December 2023 the ￿MpanY was entitled to exemption under Section 477(2) of the
Companies Act 2006.
The members have nol required the ¢ompany to obtain an audit in a¢cordance with Section 476 of the
Companies Act 2006.
The directors acknowledge their responsibility for:
i. ensuring the company keeps accounting records which comply with Seclion 386 and 387 of the Companies
Act 2006 and:
ii. preE)aring accounts which give a trne and fair view of the state of affairs of the company as 8t the end of the
financial year, and of its profit or loss foT the fJnancia] year. in ac￿rdanCe with the requirements of section 394
and 395 and which oth¢rwise comply with the requirements of the Companies Act 2006 Telating to accounts, so
far as is appli(xbl¢ to the company.
The accounts have been pr¢par&l in accorth(Y with the special provisions in Part 15 of the Cornpanies Act
2006 relating to small companies.
These financial statements were approved by the board of directoTh on ioth February 2024 and were signed on
its behalf by..
P C Robinson
Director
A F Ferrington
Treasurer
The notes on pages 8 to 14 forn] part of the Financial Statements.

Moseley Railway Trust
Statement of Financial ActiVMties
For the year ended 31 December 2023
Note
Unrestrieted Restricted
Funds
Funds
Total
INCOMING RESOURCES
Membership Subscriptions
Donations and Gift Aid in Cash
Retail Sales Contribution
Storage recharged to Members
Train Fare Income
Other Income
3,384
10,352
6,675
6,650
33,342
1.266
3,384
17,815
6,675
6,650
33.342
1,266
7,463
Total Ineoming Resollrees
61,669
7,463
69,132
RESOURCES EXPENDED
Direct Charitsble Expenditure
Management and Administration
of the Charity
48,048
48,048
10,581
10,581
Total Resources Expended
58,629
58,629
Net Resources Expended
3,040
10,503
Members, Funds brought forward
623.115
1,900
625,015
Transfers relating to Capital Expenditure
3,428
(3.428)
Members, Funds carried forward
629,583
5,935 635,518

Moseley Railway Trust
Notes to the Statement of Financial Activities
l. Retail Sales Contribution
Sales
Less Cost of Sales
11,947
5,272
6,675
2. Direet Charitable Expenditure
Insurance
Rent and Electricity
Equipment and Property Maintenance
Fuel
Maintenance Reserve
Transport
Depreciation
3,228
6,782
10,028
4,268
2,625
2.125
18.992
48,048
3. Management and Administration of tbe Charity
Membership Administration
Marketing and Publicity
Accountant's Fee
Telephone
Heritage Railway Association Membership
Bank and PayPal Charges
Administration and Miscellaneous
1,976
4,515
688
446
195
1,716
1,045
10,581
4. Reconciliation to Profit and Loss Aeeount
Net Incoming Resources as above
Add: Deferred Capital Grants released
Deduct: Donations to Restricted Funds
Capital Grants
10,503
10,471
(7.463)
Profit on Ordinary Activities before Taxation
13,511

Moseley Railway Trust
Notes to the Accounts
(formingpart of Ihefinancial statements)
Accounting Policies
The following accounting policies have been applied consistently in dealing with items
which are considered material in relation to the company's fmancial statements.
BASIS of Preparation
The financial statements of the charitable company, which is a public benefit entity
under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102)
'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 (FRS 102) (effective
l January 2015),. Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ir¢land' EFA. the and the Companies Act 2006.
In preparing the financial statements it has been assumed that the company will
ontinue to trade. The validity of this statement is dependent on the continued support
of its members, who have indicated that they will continue to support the company.
Turnover
Turnover represents the amounts derived from the provision of goods and services to
customers, and of Un￿strICted donations receive(L during the year.
Incoming Resources
All incoming resources are included in the Statement of Financial Activities when the
charity is entitled to the income and the amount can be quantified with reasonable
Resourees Expended
Expenditure is accounted for on an accruals basis and has been classified under
headings that aggregate all costs relating to that category. Where costs cannot be
directly attributed to particular headings, they have been allocated to activities on a
basis consistent with the use of resources.
Depreciation
No depreciation is currently charged on r￿ed assets which are either museum artefacts
or other railway equipment whose value is being maintained by their restoration and
storage. All other plant and equipment is written off over periods of four to twenty
years. which represent its estimated economic life.
Grants and Donations
Separate individual Restricted Funds are created for grants and donations specified by
their funders for the purchase of fixed assets. Monies are held here until they are
expended. They are then transferred to Deferred Capital Grants and released to the
Income and Expenditure Account over the life of the related assets.
10

Moseley Railway Trust
Notes (contim4ed)
Remuneration of Directors
No director received any emoluments.
Filed Assets - Group and Company
Leasehold
Land and
Blllldlnp
Exblblts
Exhibits
Plant 2nd Owned by on Loan
Equipment CompaDy to Company
Totsl
Tangible Assets
COST
At start of year
Additions
Disposals
361,471
7,089
140,330 290,066
1,180
2,810 794,677
8,269
At end of year
DEPRECIATION
At start of year
Charge for year
Eliminated on disposals
135.317
11.585
90,182
6,957
5.350
450
230,849
18,992
At end of year
Net book value 2022
226,154
50.148 284,716
2.810 563,828
Net book valuc 2023
221.658
44,371 284.266
2,810
553,105
Investments
Group
2023
Group
2022
Company Company
2023
2022
Shares in Joint Venture Company
(Bugsworth Navigation Ltd)
Loan to Bugsworth Navigation Ltd
Shares in Subsidiary Company
10,000
3,500
i 0.000
3,650
10.000
3,500
10,000
3,650
13,500
13,650
14.500
14,650

Moseley Railway Trust
Notes (conn"nued)
Investments (continued)
2023
2022
Bugswortb Navigation Ltd.
Nature of business: leasing of land and buildings
Class of shares:
Ordinary shares of £250 each
Holding
Aggregate Capitsl and Reserves
(Loss)IProfit for the fmancial year
20,002
(4)
20,006
Apedale Valley Light Railway Ltd.
Nature of business: Railway events and sales
Class of shares:
Ordinary shares of £1 each
Holding
Aggregate capital and reserves
Profitl(Loss) for the fjnancial year
1,000
1.000
Debtors
Group Group Company Company
2023
2022
2023
2022
Amounts due from Third Parties
Amount due from Subsidiary Company
Prepaid Expenses
11,356 4,583
11,324
3,567
3.784
3,845
Creditors: amounts fg11ing due wltbln one year
Group Group Company Company
2023
2022
2023
2022
Creditors and Accruals
Income received in advance
42.535 38,014
42.260
37,824
46.771 44,472
46.496
44,282
12

Moseley Railway Trust
Notes (conn"nued)
Long term liabilities - Group and Company
2023
2022
Loans from Members repayable between l and 2 years
Loans from Members repayable between 2 and 5 years
Liability in respect of Loaned Fixed Assets
2.000
2.000
2,000
The l(Mns are unsecured.
The liability to Lenders of Fixed Assets will crystallise only if the OWTAers recall the
items concerned.
Deferred Capital Grants- Group and Company
2023
2022
At start of year
R¢ceiv¢d from Funders
Transferred frorn Restricted Funds
Released to Profit and Loss Account
374,890
371,819
3.428
13,866
(10,471) (10.795)
At end of year
367,847
374,890
Restricted Funds - Group and Company
Hudswell
Clarke
Hayfield
Coaeb
Iobp
Ruston
Other
Funds
Total
At start of year
465
1.435
1.900
Donations received
during the year
4,035
3.428
7,463
Transfer to Deferred
Capital Grants
(3,428) (3,428)
At end of year
13

Moseley Railway Trust
Notes (conlinued)
10.
Profit and Loss Account - Group and Cotnpany
2023
2022
At start of year
Profit for year
Transfer from Revaluation Account
175,105 150,434
13.511
24,221
450
450
At end of year
189,066 175.105
I l. Revaluation Account - Group and Company
2023
2022
At start of y¢ar
Fixed Assets Donated during the year
Fix¢d Assets Disposed of during the year
Released to Profit and Loss Account
73,120 73.570
(450) (450)
At end of year
12. Capital Commitments- Group and Company
2023
2022
Authorised and contracted
Authorised. not contracted
1,500 2,000
1,500
2,000
14

Moseley Railway Trust
Detailed Income and Expenditure Account
For theyear ended 31 December 2023
Group
2023
Group
2022
Income
Shop Sales
Storage Charges to Members
Donations from Members
Other Donations
Gift Aid Refunds
Annual Subscriptions
Santa Train Receipts
Party Visits
Train Fares
NGRS Rent Receivable
Deferred Capital Grants Released
11,947
6,650
3,083
17.368
6,509
3,895
i i
4,674
2,595
3,384
18,771
266
21,295
I,(K)o
10,471
10.145
2.853
3,520
14.990
542
22.014
1,234
10,795
Total Income
84,136
93,865
Expenditure
Cost of Shop Sales
Insuran¢¢
Rent and Electricity
Loco, Stock and Plant & Permanent Way Maintenance
Fucl
Transport
Maintenance Reserve
Special Event Costs
Santa Train Costs
Membcrship Administration
Legal and Professional Fees
Marketlng and Publicity
Administration and Miscellaneous
Bank and PayPal Charges
Depreciation of Buildings and Equipment
5,272
3,228
6.782
10,028
4,268
2,125
2,625
2,050
4,674
1,976
688
4,515
1,686
1.716
18,992
6.978
3,048
6,222
11,452
3,309
150
2,075
1,110
3,989
1.731
3,676
4,018
1,030
1.687
19,169
Total Expenditure
70,625
69.644
Surplus for year trnnsferred to Reserves
13,511
24,221
15