RHYL STEAM PRESERVATION TRUST
UNAUDITED ACCOUNTS FOR YEAR ENDED
31st DECEMBER 2021
Charlty Rogl•trallon No. 1103953

RHYL 8TEAM PRESERVATION TRUST
CONTENTS
YEAR ENDEO 31•t DECEMBER 2021
Tru8tso8' RoFKVt
Indeper￿onI Ex•mlngfs Rewt
Stat•m•nt crf k¢ounts
8-13

RHYL STEAM PRESERVATION TRUST
TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021
LEGAL AND ADMINISTRATIVE INFORMATION
Ch•rlty R•gl•lrntlon No.
1103953
A¢Gr•dlt•d Mu••um No.
2283
Op•ratlonal Addr•
Central St811on
M9rlne Lake
Welllnglon R¢)ad
Rh
LL18 1AQ
Admln•tr•llv• Offle•
10 Clhant
Id
Flkntshlr•
CH7 1GG
Tru•t•••
LedSe Hugh•8
Slmn T Town8ond LLB
Caml Hughe8
Ju$lln O Bell
Ludlle Green
Lou18e Web81ar
Cllr Joan Buttorfeld {r•8lgn•d 23106120211
Chjlrynin
Secretary
Ind•p•nd•nt Ex•mln•r•
DSG
Unlt 5 Evolullon Hou8•
Lak081d6 8u61n88$ Pork
Sl Davld'8 Park Estate
EVA
Fllntshlr• CH5 3XP
Bank•rn
Lloyd8 Bank PIC
22 Mostwi Slre•t
Llondudno
G￿edd
LL30 2RU

RHYL STEAM PRESERVAT1014 TRUST
TRUSTEES. REPORT FOR THE YEAR ENDED 318T DECEMBER 2021 (coimNUED)
STRUCTURE, GOVERNANCE AND PIANAGEMENT
Gov•mlng Docum•nt and Ch•rll•bl• Statu•
The TnJsl's gov8mir¥J docum6nl18 its Tn481 Deed dated 18th Jdy 2000.
Charitabl8 $tatu$ was grantsd on 26th May 2(y)4.
R•crultm•nt *nd Appolntm•nt of Trn•t•••
Twstees appropriate skllls are 8ppointed ty thg oxlsllng Tru8ts8 b(*Jy. Tru¥to08 rgofflm)
annually that thoy vjish to contlnue to fv)Id office. Whore no rBaffirynalion 1$ rgcelve(I thls 18 t8k8n lo
mean that they wish lo resign. The Trustees have resolvod that own8rshlp ol some kKomotlve8 and
81ock 8h811 revert lo the Hughos lamily in Ihg evonl that Iho Trust 8hould ever be ￿￿￿nd up.
Tru•l•• Indu¢tl•)n and Tralnlng
Pro8pocUve Tru8ltes aro asked to r•vlew the Chadty Comm188lon'• haffl81 CC3 ¢oncémlng th•
rospongl￿IItIfyty ol Charfty Tw81888. Th8 pre80nl Tru81ee• have wld• expgrfonce ￿t￿n buslnOBS.
local govemment and thè prole¥¥lon8.
Rl•k M•n•g•m•nt
The Truste08 h8v• rovl6wod th8 rna￿T dsko lac•d by thé ¢ho￿ty. RolKvoy oporntlng rl8ki h•v• b••n
analysod In a rl8k astse8$mgnl document and arg covgrgd by Ihe TN•I'8 publ1¢ Ilablllty In8urar)cè
pollcy for dglm• of up lo £5,OCQ,OW.
The TnJsV8 t￿lI01￿g 'Cenlral Stallon, opgned to the publlc In May 2007. Thè flnanclal rl$k8 foclNJ thè
Tru8t n¢)w 8rf88 from malnlaln8nce and operat1￿ ￿$1$ of118 Infraslnjcturo. Thg Tru•t•u conUnu• to
monllor these TlskB 8nd lo off8el them wherever po881￿8.
Ory•nl•atlonal 3tructur•
Most day lo day financial act1￿￿￿￿ of th• Trust Are manayd by its S8crotary, wllh fr•qu•nl Input from
other Truslgos and from memb8rB ol tho Bupport organisalion 'Fri8nd8 01 RhO Mlnlalure Rallwal.
Tho Tru81008 aim to mget formally three or four times a year, lo dodde upon tho 8lr•tgglc dlrecuon ol
tha TfU&t.
R•l•l•d Partl
A Trusloo has mad• a l¢)an to the TN81, lotdllng to date £30 (2020.. £39) . No Inl•re•t Is chargvAJ and
th•r• ar• no l•rrn for ryym•nl.
OBJECTIVES AND ACTIVITES
ObJ•¢l•
Th• TrusV8 Ct4oc18 are..
To pr•8•rv• aThJ oyrnt• lh• hist￿¢ mlniature 81o•m lrnln8 on th• fth￿ Mlnlaturn RaHway, at
Lake In th• County of D•nblghshirn. lor th• ￿n￿rrt and •ducallon of luture generations.
Publ1¢ B•n•fil
The Trustees ar• confldent Ih81 the charltable alm8 of thg Tru8t ￿Sfy the prtrKfjplg8 of b6n•flt
•8 defimd In tl* Ch•Tllle8 Act 2011.
Th• TnJ8lees onsura that rM)body is excluded from the benefits of the TnJst'$ a¢tivliio8. Th18 18
achievgd by low fares for traln rldes, and fr88 admisslon to the Trusvs other f8ciliti86. Wa al•0
ovlde ac￿8$ to our bjllding and to traln rides con8i8tenl wth tho Equality Ad.

RHYL STEAM PRESERVATION TRUST
TRUSTEES. REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021 (CONTINUED)
ACHIEVEMENTS AND PERFORMANCE
Ml8•lon Btal•m•nt
Thfj Trust's Th￿ssIOn stat8mont 18..
To advance wjucalion of the publlc 8bout tho hljtory of RhW Mlnlaturo Rallway. through Ihg
contlnu¢d operat￿n of heritage steam Iralns, and In thè eontexl of
Other wmilar miniature r8ilways
- Manne Lake fairground and othor local falrground•
Moin line railvrdy3 lo Rhw.
To ach48￿ this through promollng gr88t8r acc888 to our collectlon, that Involv08 adulls, chldren,
famllles and Schools of all cultLif88. gond8r8 and abllltl88.
R•llw•y Op•f•tl¢)n• 2021
Tho railway'8 2021 operallng 8o880n op8n¢d on 18t May, dato8 ts•fO￿ that havlng bgon onthod
b8c8U86 of Covld 19 reslrlctlons. Dunno the 8umm8r in partl¢ular Marln? Lake and tho fall￿Y
vgry busy due lo poople laking 'stsyolions' in N¢ylh Wales.
Alm081 all of our passengern th18 year Iravolled in enclosod coachgs fomalnlng In Ihglr own group.
Around the Stalk￿ ￿ had o ono Way 8y8t8m log8thor wlh hond sana￿5$1$ and fadllllès to r•gi8tor
8ttendanco lor NHS T08t and Tra￿. Only durfng th8 Augu8t 88nk Holld8y dld V+0 run trglns
In8tsad ol one.
The only spe¢lal event Ih81 we ran durfng 2021 wa8 al Chr161mgi8. Th1• year all ol our Santo tr•ln•
ron a8 Inlond•d •nd 801 chlldron v181ted Santa al Contral Statlon.
The raifvmy conllnues lo benefll from the 8LlPPOrt of volunteorJ from the'Frlend8 of Rh￿ Mlnlalur•
Rallway. Tht Trust's Iv•D part tsm? slaff ￿1• amploy•d al U8ual b•fvMèn Eoster and September,
During Spring 2021 we reassembled our locomolivo Joan uslng the repalred boll6r and now $108rn
frtllnos. On 5th May Joan pa$sfjd its boller examination and after that w8$ able lo enter pa888nger
8longslde slmllor k)comotlve Railway Quegn. M8lnl8n8nce ha8 conllnued on both Ic￿8
1818 often lh• ￿40 wth s198m locomotlve8. Our l¢xomollve Cagney retumed lo the rallway In
rknng ord•r on 17th Aprfl, wth8n11 wa8 exchanged vllh Mlthael a8 that l¢xo needs boiler repah.
C8gn•y left us agaln In mld May and ha8 8P8nt tho 2021 8è88on on h)•n to olhor ralway8.
FINANCIAL REVIEW
R•vl•w of th• Y•ar
Thg •ady part of th8 flnanclal year was domlnaled by uncertalnty 8galn at￿ul Covld 19. Matt•r8
re holpod whgn rec61ved 8 gr8nl to compgn8ale u8 for lo8$ of tumovér durfng D•cem￿r
2020. ond Ih81 wa8 follo￿*d by further covld-rnlal8d gr8nt8' In total V*Y recelved £10,000 from
Welsh A880mbly GovomThnl {vl8 Dgnb&h8hlre County Coun￿1).
Once ￿ did reopon lo thè publle cuslorr￿r demand pn)ved to be hlgh, h91ped us ftnond81ty.
Shop 8alg8 of oqulpmeni for'crabblng, shO￿*d 6ti11 further grovth durlng 2021,. tho quanthlo1 ￿ld
had to be seon lo bo bel￿8￿.
H￿h vJ81ow dèmjnd eombln8d le88 capil81 Inve8tm8nl In locomotlv#8 thon In other rncont
or¥ ha￿ lead thè Trust to havo highor closing r889ryOS than u8ual.

RHYL STEAM PRESERVATION TRU8T
TRUSTEES. REPORT FOR THE YEAR ENDED 318T DECEMBER 2021 ICONTINUEDI
FINANCIAL REVIEW
R•••N•• pollcy
Many of the Tal￿al$ annual ￿$ts Ilndudlng Insur8nco, inspgctfjon and publlcltyl are Incurred bef
the beglnnln9 of eaGh oper8tsng season. The policy of the Trust Is to build up sufficient reserves lo
enatAe at18a8t these costs to be borr￿ each year vlthoul the usg of borrowing. The Trustees intend to
takg every futur8 oppLvtunity lo unrgslricted rn8erv••.
Unreslrlctgd reservos ol the Trust al 3181 DeCem￿r 2021 amounted to £232,896. 88nk balan￿*
totallad £83.153, hlghor than the Tru8t ha8 achleved al the end ol any p88t fin8nclal year.
PLANS FOR FUTURE PERIODS
There w88 a vory Small team runnlng the ralfrway durlng 2021. and dearty for 4 $u8talnaU• lulure th•
ovallabh pool of sklllod dma n￿$ lo be Incre880d.
The Tru81'8 ftve ￿•r plan has klonlffiod 8 need for b8tt8r vdunleer lacllltlos and for stor8g8 8r•a•
Insldg'central Ststlon. %thlch ore bigger and more easily ac¢o$slble. Tho Trustee8 Intend lo d58C#J88
the89188U08 furth•r, bLrt our Short lo￿ prlorttSes have be•n maintslning our ralKvay equlpmenl and on
r08111énco dudng tho porfod of tho vlN8.
COVID.19
Tho con86qu•nc•J for the Tru81 of Covld 19 durfng 2021 are dl8CU81od In tho repJ18bov•.
11 Is gxpocted that the 2022 6988on vlll agaln bg subJ8ct to uncertalnty duo to Ihe prevallng
rogulatson8 cau89d by Covi¢J 19.
INDEPENDENT EXAMINeR
Mèssrs DSG were 8ppolnted as th8 Trusf$ Indèpendent examlnèrs dudng tho ￿8r and have
expressed thelr wllllngnes8 lo condnuè In that ¢apa¢lty If 80 roqulrod.
Tho financlal statements h8v8 been prepared in accordance vAlh the accounllng p)Il¢ies sel out In
not• 1 to the financial statements and comply vAth the charfty8 trust deed. the Charities Act 2011 and
'AccounUng and Raportlng by Charltlè8'. Statement of Recommended Pr8Ctlcè applicabl8 to charllio¥
preparlng Ihelr accounts In g¢cordance wlth th8 Flnancbal Rewung St8nd8rd applkablé in th• UK and
ReptJtrAlc of Ireland IFRS 1021 leffecllve 1 January 20191".
Adoptsd by th• TN¥l••8 al Iholr meetlng dated
22

INDEPENDENT EXAMINERS. REPORT
TO THE TRUSTEES OF RHYL STEAM PRESERVATION TRUST
YEAR ENDED 31•t DECEMBER 2021
I rgport to ts Tru8t888 on my examknath)n of tho accounts of tho Rhyl Stoam Pwerv8tion TTU8t
Itho Trust) for the year ended 31st December 2021.
Th1$ rewt18 made 801oly to thg charfty8 trusle08, as a body. In •C￿rdanc8 th Sèction 145 of
tho Charlll6s Act 2011. My work ho$ been undertaken 80 that I might state to th8 chadtvs Injstees
those matters l am wuired to slate to them In thls rèport and for no othor purpose. To fullest
extént pomirtied by law. I do not accept or assume respon8iblllty lo anyone other Ih8n the chadty
and tho charitys trusteoy •8 a boty. lor my work, for th18 report, or for the oplnlon81 havé fom)fAI.
RMpon•lbllltl•• and ba•1• of r•port
A8 tho ¢harity Iru81088 of the Trust are re8ponslble for Iho prop6ralk)n of th& a¢¢ounts
In accordanco wllh tho raqulromont• of tho Ch8rMle8 Act 20111'lho A¢Y) .
I report In res￿¢1 of my examlnallon of tho Tru81'8 8¢coun18 carri8d out under 80cllon 145 of Ihe
2011 Act and in catyng out my examination I havè fr4lowed al the appli￿118 Direcllons gwen by
tho Chadty Commi88ion under sKlk)n 1451Sllbl of tha A¢t.
Ind•p•nd•nt •x•mlTr•rfi •t•t•m•nt
Your ottont￿nIS drawn to the fact that tho charfty has VOPOfO0 flnanclal 8tstomonts In accordan¢8
wlth Accountlng R8p¢)rtlng by Chorilies prep8ring Iholr 8ccount8 In accoid8nc6 vAlh tho
Financial Reporting Standard appllc4blo In thg UK and Republlc of Ir¢land IFRS 102> In pr6f8renc•
lo tho Accounting 8nd Reportlng by Chadtlo8'. Slalomont of Recommended Pracllc8 i88uod on 1
hprll 2fyJ5 wfilch l• roferred to In the extant r8gulatlon8 but h•8 now vAlhdrawn.
l undoTBtand that th18 has boon don• In ord•r for financial 8tatomenls to provwje a truo and falr
vlow In 8ccord8ncè wlth Generally Ac￿PIed ACcoun￿ne Pra¢tl¢o eff•ctfvo IOT rwrting p•rknd8
b8glnnln9 on or after 1 J•nuory 2015.
I have complètèd my examlnallDn. I confinn that no materlal mattors hove come lo my attenllon In
connadlon ￿th th8 8x•min8llon gmng m8 cause lo belleve Ih81 In any malerf81 ro8pect'.
1. accountlng record8 wero not k¢pl In rn•p•Gt of th• Trust a• requlrod by ••cllon 130
of the Act,. or
2. the accounll do not accord w¢th th06e r8cord8,' or
3. Iht accounts do rK>I comply wllh th9 opplIc8b￿ requlrnm8nts conceming the fcKm and
content of accounts 88t out In the Charttiè$ (Accounts arKI Rgportsl Regulatlons 2008
oth8r than any requlremenl that the accounts givg 0 knie and f•ir viow whKh 18 not
m8tter consklergd as p8rt of an independent 8xamin#lion.
I havo conc•m8 and have com• Èc¥088 M olhw m8ttv8 In connoctlon with the examlnatlon to
wthich #ttention should bg drawn In thks repcvt In ordèr lo ¢n8ble a proper undèrstanding of tho
accounts lo bo roached.
Joan EIIK8 BA FCA CTA
DSG
Chartorod Ac¢ountsnts
Unlt 5 Evolulon Houso
Lakgslde Buslnes8 Pa
St DavKI'5 Park Estate
EvAoe
Fllntshlre CH5 3XP
Date..
25 October 2022

RHYL STEAM PRESERVATION TRUST
STATEMENT OF FINANCIAL Ac￿￿TIEs
YEAR ENDED 31st DECEMBER 2021
R•¥trlct•d RMtrfct•d R••trlct•d Unv•#trlct
Fund.
Fund-
Fund-
Fund#
8ulldlng Locomotlv•
Gatèway
ProJ•ct
pro￿¢￿
ProJ•ct
Total
2021
Totsl
2020
N¢A•
Charlt•bl• •ctlvltl••
Faros- nom)al doY4
Farg8- sp8clal frv￿ts
78.217
13,028
78.217
13.028
38,815
3,108
DonatlonJ- cash
Don4JonB- klnd
Grants
391
391
10.122
10.122
30,822
Oth•r tr•dlng actlvttb••
Shop In¢om•
53,867
53,867
26.346
Inv••tm•nt•
13
Tol•l Incom•
155428
1S5.428
99,188
Exp•ndltur• on:
R•l•lnq fund•
Cost ol 8hop purcha8•8
35,262
35,282
12.968
Ch*rlt•bl• •ctlvftl••:
R8h%v8y wr4lng u)Jts
Depr8ciatlon
47,981
19.212
1.070
47.981
46.904
1.070
53.992
41,142
1,052
28,137
850
705
T¢)t•l Exp•ndllur•
28,137
850
705
103 $25
131 217
109,152
N•1 {Exp•ndftur•)
I Incom•
I￿.137}
1850)
17051
51,901
24,209
{9.968)
Total fund• •11 Janu•ry
535.123
8r)O
1.410
180,995
718,378
728,344
Total lund• at 31 O•c•mb•r
508.986
78

RHYL STEAM PRESERVATION TRU8T
BALANCE SHEET
YEAR ENDED 31•t DECEMBER 2021
Not•
2021
2020
FIXED ASSETS
Tanglble Assets
StatDn buikling project
Stat￿n buiklin9 improvgmonts
H8nl and equlpmènt
HoritO90 a88e18
10
398,971
402.470
2,089
94.048
166,102
664.709
87.432
166.102
653,549
CURRENT AS8ET8
5.40S
6.300
1,S80
46,848
54,708
Deblorn
B8nk
11
90.118
CURRENT UA8ILITIE8
Cr•dltor•
1.039
NEf CURRENT A88eTS
89,038
53.869
TOTAL NET A88ET8
742,587
718,37
ThE FUNDS OF THE CHARITY
Unro•trklod fuTht8
232,898
180,995
Ro•trlct•d fund•
2.7. 14
509.891
537.383
TOTAL CHIRITY FUND8
742.587
718,37
Approvod at o m•gling ol th• Tru•l••• on
Is
L Hugh0•
Tru•tO0
S Tu&Thgnd
Sottolary

RHYL STEAM PRESERVAnoN TRUST
NOTES TO THE ACCOUNTS
YEAR ENDED 31Jt DECEMBER 2021
Charfty Inlofmallon
Tho Rhyl St8am PrgsorvatK)n TfU8t is an unincorporatod charlty ¥th08e trust deed was adopted on
18 July 2000. The princlpal addro86 ¢)n pag• 1 of thg Irusle•s' ropjrt.
¢¢>unllng pollcl••
The princlpal 8ccountsng policie8 are 8ummaris8d balow. Thè acGounling polkie8 have bgen
applied Gonsi8tenlly throughout Iho year arbd In tho precading year.
11 B••l• ol •¢countlng
The financi81 statements have been prepared In accordan¢e wfjlh tho charws govomlivj
documonl, the Charflios Act 2011. FRS 102 Yhg Financial Raportlng Slandard applkable In th•
UK and Reput￿lC of Ir8land" I"FRS 102.1 and the cha￿118$ SORP 'Accountlng and Reportin9 by
Chadtl88.' Stslement of Recommended Practlce ap￿leSb10 to charities pr8panng their 8ccounl8 in
accordanca ￿th the Fin8nci81 Reportiro Sland8rd applica￿0 In the UK and Reput4lc of Iroland
IFRS 102}. leffectlve 1 J8nu•ry 20191.
Tho Tw¥1 ¢onstllutes a publlc benefll entsty 88 defin￿ by FRS102.
Thg finandal 8latoment¥ ara prepared In $1orllng, whlch 18 the functlonal Currency of th• th4rlty.
Monètary amounts In th888 financlal 8talemenls arè rounded to the ne&r851 £.
Except for HerStag8 Assets the arxounls hav6 begn pr8P8red undtsr the hislortG81 Go•1 ¢onv•ntlon
wlih 41om• recogni88d al c￿1 or transactlon valuè.
2.2 Fund •¢¢ountlng
Unrostrfclod fund¥ are av8ilabl• for u80 •1 thg dlscr•Uon ol tho Tru8t008 In furthernn￿ of th•
g•n8rn1 objrflives of tho Cha￿ty.
- R8$lridod funds aro $uWoGt to re8lrictlcKb$ ￿ tholr oxpendlture Imp080d by tho doTr)T or thr￿gh
th0 to￿* of an apwol.
2.3 Incom•
JI IncomlrKJ r88wrc•• aro Includ•d In the •la1om•nt ol fin4ndal actfvllk*8 vthen tho charfty
onlltlod to th• Income and Ihg amounts ¢an bg quanlifiod wtth reason8blo aC￿r8¢y. Tho lo1￿￿￿j
$po¢fflc pollclos are applled lo partlcular cal8gort¢s of In¢om8.'
- Tfaln farn and Shop Income from the Tru8Vs actlvlll88 1$ racogn188d upon roce4pL
- Money don8tlonB aro rocognlsed on recglpl; glft akl Is recognlsed on recelpt.
- Donatèd assets are Sndud8d al the value lo th8 chartty vthen thls can quantfflod. The ¥•￿• of
8ervlc•s provided by voluntggr8 h89 not been Induded In these accounts.
Inve81ment Income 1$ indvdod thn receivable.
- Incomlng rosources from grants, vthere related lo spe¢lnc projocts, are accounted for a• the
ch8rfty earn8 the right to consider8￿n by its perfomianco.
2A Exp•ndllur•
Exp8ndlture16 rè¢ognl8od on an accrual basi8 as a 118blllty Is incurrgd. ExpgfKlrtur8 indudgs any
VAT which cannot be I￿¥01￿d, and Is raportod as part of the expondilur• lo whith il rdatO8.
2.5 Tanglbl• flx•d •vJ•ts
Th8 station building and mu86um entered u80 during 2W7. Deprec￿Tr of the 1988ehcAd
bullding h88 bbon pro￿ded to wrllo off116 cost over th• rgmolnlng Iwe of the1ga80, and charyed to
the rel8vanl fund.
Pur¢*asod pL9nl and equlpmènl18 depr8daknJ on • $tr8ight line ba818 ovor Its •8tlmat•d
Ilfe of thrne lo ten years.
Herttage assets donalod lo the Twst durlng 2006 have been Indud8d In tho bo10￿ shègt at
values wer6 as80ss¢d Indepondanlly dudng 200412005. The a$$o1$ ￿learned ar•
mlnthrg rallway IDcomfjv68 and rdllng st￿k clrca olghty years old. AddFtlon8 to herltage as8el•
aro 8t8ted al co$1. No d8prac4a￿Onl8 charged due to the nature of the asset . The values of the8•
a880ts are 8ubSect to annual impalmient revl¢ws by th8 Truslee8.

RHYL STEAM PRESERVATION TRUST
NOTES TO THE ACCOUNTS (COMTINUED)
YEAR ENDED 31•t DECEMBER 2021
oumlng pollcl•B Icontlnu•d)
2.6 Stocks
Stocks ar• valued at th8 lower ol co81 and net reall8able valuo.
2.7 RMtrfct•d fund•
Bdances on restricl8d funds cre8l•d ty grants and donaUon8 rocei¥ed for capilal Pr0￿cts WMI
b8 rele888d to unrestricted funds against depreciallon of the relevant as881$.
2.8 Golng conc•m
At the ￿me of approvlrvJ the financlal slatemen18, the trust868 have a rea80nable expgGtstlon Ihat
charlty ha8 adequate r880urce8 to continue In operallonal ex181en¢e lor the foreseeablts fvture. Thus tho
truste•8 conllnue lo adopt the goln9 concem basis of 8ccounling In prgp8rlng tho flnancial $14lements.
Don•tlon•
R••trfct•d Unr••lrlct•d
Fund•
Fund•
T¢)t•l
2021
Totsl
2020
Donatlon• and 91ft8 - ￿8h & gfft ald
391
391
Grnnt Incom•
R••trlct•d Unr••trl¢t•d
Fund•
Fund•
Totsl
2021
Tolal
2020
10,122
30.822
Granls rncoivAbl• durlng 2021 were Welsh Govommont £10,000, Rhyl Town Councll, £12212020:
Inv￿lM•nI Incom•
R••trl¢t•d Unr••lrlct•d
Fund•
Fund•
Totsl
2021
Tot•1
2020
Bank Inlor•8t
13

RMYL STEAM PRESERVAnoN TRUST
NOTES TO THE ACCOUNTS (CONTINUED)
YEAR ENDED 31•t DECEMBER 2021
Exp•ndltur• on eharltsbl• •cllvlti
R•strlGt•d Unr•#trlc¢•d
Fund•
Fund•
Total
2021
Total
2020
R•llway Op•rntlng Co•t•
Coal and ol
Inspectlon feas
Woges
Insuranc•
Eloclriclty
Tolgphone and alami malntenance
Walgr rates
Ronl and ralos
Ropairn Ond m8lnt•n8n
Sp8¢I81 ovenl c08t8
Loaflots ond 8dvertlslng
Sundde8. mu8eum equlpment
and con•ultancy
3,283
1,018
17,059
6,240
2,168
1.533
781
367
6.208
4,351
2,809
3.283
1.866
1.018
1.030
17.059 22,686
6.240
8.174
2.168
2,863
1.533
1.916
761
367
6.206
4.3S1
367
4,889
2,141
2.917
2,386
6.883
47.9
53
Gov•man¢• ¢o•l•
RMlrl¢t•d Unr••trlcl•d
Fund•
Fund•
Total
2021
T•tsl
2020
Ind•pond•nl •Xam1r￿11 loe
1,070
1,070
1,052
N•t In¢om• lor lh•
2021
2020
Th1810 81ot8d 8ft¢r charglng..
D•pr•clalh)n
Ind•pendonl •xamino¢8 remuneratlon
48,904
1,070
41,142
None of thè trustees or any pmon8 ¢onn8¢tod wlth them recelvfjd any remurnrallon or
r•bmbur88d ￿￿nseS durlng th¢ year {2020: nll).
10

RHYL STEAM PRESERVATION TRUST
NOTES TO THE ACCOUNTS ICONTINUEDI
YEAR ENDe0 31•t DECEMBER 2021
2021
2020
Wages and $8lan88
i8188Cur￿ ¢08ts
Other penslons costs
16.710
22,085
349
621
17.059
Tho averagfj numbe* of p•r8on8 omthed by tho charfty durlng thè ywr wa8 88 foMow4.'
2021
No
2020
No
Full tlm• •qufval•nt staff
10 Tanglbl• ••••t•
Statlon
8ulldlng
ProJ•¢t
Bulldlng
Improv•
m•nt•
Pl•nl
•nd
Equlpm•nt
H•rltag•
A•••t•
Total
Co•t or v•lu•tlon
at 181 January 2021
Addlllons al cost
dudng tho ygor
Addl11￿8 al valuolion
durtng the year
DI8po8als
778,046
10,449
197,971
166.102
1.152,588
25.000
10,744
35,744
Balanc￿ •t 3161 Do¢em￿r 2021
803,048
166,102
1188312
D•pr•¢latlon
al 1st JanuAry 2021
Charge for th year
Dhpo8al8
375.576
28,499
8,380
1,045
103.923
17.360
487,859
B•bnL*S at 3181 Oecember 2021
9,405
121,283
534,763
N•t B¢M>k Valu•
At 31¥t 0￿mb$r2021
398.971
87,432
166,102
653,549
At 318t t)ocomber 2020
402,470
2,089
166,102
864,709
Tho Station I￿ldIng project Is located on land1ga8ad for 8 perlod of thlrty ￿ar¥ from 8th March 20CK.
11

RHYL STEAM PRESERVATION TRUST
NOTES TO THE ACCOUNTS ICOlffiNUED}
YEAR ENDED 31st DECEMBER 2021
11 D•btov•
Total
2021
Totsl
2020
Pr8p8yTngnl•
1.560
12 Cr•dltor•: amounts t•lllTrg du• wlthln on• y•ar
Total
2021
Tot*1
2020
IntWO8t Iw I￿n from Tru8tè•
Accrual$
39
1.050
13 An•ly•l• of n•t ••••ts b•lw••n fvnd•
Y•ar •nd•d 31 Docombgr 2021
R••trlct•d R•¥trSct•d R••lrf¢t•d Unrn•trlct•d Tol•l
Fund#
Fund•
Fund-
Fund•
Bulldlng Locomotlv• G•t•w•y
ProJ•¢l
Fund
T*TrJlb￿ fixed a880ts
Stock
Doblorn
Bank
C￿allor• due wlthln ono
Cr•drtor8 duo In moro than on• ￿ar
508,988
705
143,858 853.549
5,405
5.405
83,153
83,153
11.080) 11.080)
Y￿r •nd•d 31 O¢cgmbor 2020
R••trfct•d R￿trIct•d R••trfcl•d Unr••trlct•d Totsl
Funds
Fund•
Fund -
Fund•
Bulldlng Locomotlv• Gal•w4y
Prol•Gt
Fund
Prol•Gt
Tanglble flxod 088et8
Slodt
Debtors
Bank
Credrtor8 due wlthin one year
Cr•dilor8 dug In mcffe than one year
535,123
850
1,410
127,326 664,709
6,300
1,560
1.580
46.848
46.848
11,0391 11.0391
535.12
so
1.410
180.995
,37
12

RHYL 8TEAM PRESERVATION TRUST
NOTES TO THE ACCOUNTS ICORTINUEDI
YEAR ENDED 31st DECEMBER 2021
14 RMtrfct•d fvnd•
Monies received by way of capltsl fundlng for thè station Iwilding project have been (xeditod to the
st8tJon bulldlng project fund. Following compleuon of th8 project an annual deweo'albon ¢harge
for the building Is being ch8ro8d lo the fund. The effect of the polky VAII be lo reduce thè balance
of thg fund to zero ovor the Same perbd a¥ the fixed 88S&t ¢oncemed.
Mon16B ToGeived by way ol ¢apitsl funding for the restoratlon of locomoU¥a8 have be8n
credited to the locomotiv6 projeGts fund. Followkng complolion of gach proj8cl an annual
depreciatlon charge for the locomotive 1$ boing charg￿j to the lund. The effect of the pdicy be
to r•du¢o the balance of the fvnd to Zoro over the Bam8 Perlod a¥ the fixed a88et concernod.
Monlo8 recow by way ol capltsl fijndlng for th• Museum Gat•way prolKt he￿ boon
credrtod to thè Gateway Project fund. The maln Il¢m funded th18 Way was ¥ w)od8n canopy
ich enhances the approach lo Central Stallon. The dopreclallon charge on these It8mo18 bdng
charged lo tho fund. The 8ff8cI ol the policy will bo lo reduce tho bal8nGo of the lund lo zero ov•r
the 8am• 88 the t￿ed 888•18 concerned.
Y•or ￿ded 31 D8¢omb•r 2021
Bal•nc• •1 In¢omlng Trnn•f•r v• B•l•nc• at
1 January r••our¢u d•pr•clallon31 D•c•mb•r
2021
2021
Stalkn t￿IldIng and mu•oum prolo¢t
Lc¢omotlvo Prolgct8 Fund
Galmy ProjKt Fund
535,123
850
1,410
12e.1371
{8501
{7051
508.986
705
537,38
27.692
91
Y￿r wd*J 31 Doeambor 2020
Balanc• at Incomlng Tran•f•r r• B•lanc• at
1 Janu•ry r••ourc•• d•pr•clatlon 31 D•c•mb•r
2020
2020
ststk>n bumdlng and m￿8￿rn prolecl
Locomotive Prolects FurKI
Galoway Project Fund
561,260
2,380
2,115
{26,137)
11,530)
1705)
535.123
1,410
,372
537,
83
15 R•l•t•d party tran•adlon•
DudThJ 2021 ￿ Trust PaKI £25.0￿ to L Hughe8. a Tru8100, a8 relmbur88m8nt ¢08ts kn¢uffed
¢c¥Kemlng tho Tru$V$ propefty Contral Stauon.
Dudng 2021. the Tru8t pald £84.000 to Mr S Townsend, a Tru8tee, to rnlmburne dlrecl chadtablo
•xpendltum of £83,987. Th8 Trust owed £30 to Mr Town8end at the year end.
13