Charity Registration No. 1116386
Company Registration No. 01420635 (England and Wales)
YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2022
YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | R Shaw |
|---|---|
| N Hubbs | |
| J Beesley | |
| A Wright | |
| D J Ferguson | |
| M D Edwards | |
| Secretary | M Edwards |
| Charity number | 1116386 |
| Company number | 01420635 |
| Principal address | Embsay Station |
| Embsay | |
| Skipton | |
| BD23 6AX | |
| Registered office | Carleton Business Park |
| Skipton | |
| BD23 2DE | |
| Auditors | Shepherd Partnership Limited |
| Carleton Business Park | |
| Skipton | |
| BD23 2DE | |
| Bankers | Barclays Bank plc |
| 49 High Street | |
| Skipton | |
| BD23 1DH |
YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 4 |
| Statement of trustees' responsibilities | 5 |
| Independent examiners' report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 - 9 |
| Notes to the accounts | 10 - 15 |
YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT
FOR THE YEAR ENDED 31 JANUARY 2022
The trustees present their report and accounts for the year ended 31 January 2022.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Companies Act 1985 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
Structure, governance and management
The charity is a company limited by guarantee governed by its Memorandum and Articles of Association dated 17 May 1979 and amended to allow for current governance arrangement on 17 January 2007. It is registered as a charity with the Charity Commission. Every member of the Company undertakes to contribute such amount as may be required (not exceeding £10) to the Company's assets if it should be wound up while he or she is a member or within one year after he or she ceases to be a member, for payment of the Company's debts and liabilities contracted before he or she ceases to be a member, and of costs, charges and expenses of winding up, and for the adjustment of the rights of the contributors among themselves.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature were:
R Shaw N Hubbs M Arshad (Resigned 18 May 2021) J Beesley A Wright D J Ferguson R P Jones (Resigned 2 July 2021) M D Edwards
As set out in the articles of Association the number of trustees shall not be less than three, and there shall not be more than seven selected trustees. One trustee shall serve as chairman.
Subject to the provisions of the Act, the Memorandum and Articles and to any directions given by special resolution, the business of the charity shall be managed by the trustees who may exercise all powers of the charity.
At each annual general meeting one third of the trustees or, if their number is not three or a multiple of three, the number nearest to one third shall retire from office; but, if there is only one trustee who is subject to retirement by rotation, he or she shall retire.
The directors John Beesley and Anthony Wright have a beneficial interest in the company by providing the company with motive power services and Robert Shaw has a beneficial interest in the company by providing digital media services through RJS Media Ltd. All of the trustees are members of the company and guarantee to contribute (not exceeding £10) in the event of a winding up.
The charity's wholly owned subsidiary, The Embsay Steam Railway Trading Company Limited was established to manage the shops and catering facilities at the Bolton Abbey and Embsay railway stations. The subsidiary gift aids the majority of its profits to the charity.
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Objectives and activities
The objects are the advancement of the education of the public with regard to railways of Britain in particular by restoring, maintaining and operating the railway alongside a museum on land formerly occupied by the Skipton and Ilkley Railway of 1888, the Yorkshire Dales Railway of 1902 and latterly by British Railways, or parts thereof.
The income and property of the company shall be applied solely towards the promotion of the objects.
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YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2022
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
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YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2022
Achievements and performance
During the 2021-2022 financial year the Trust further consolidated its recent progress with significant improvements to its coaching stock, station infrastructure, permanent way infrastructure and financial position. Whilst still suffering somewhat from the covid-19 pandemic, the Trust worked hard to focus on providing the public with heritage educational events in a covid-safe environment. This was typified by the provision of additional compartment stock for social distancing and increased spacing of visitors to minimise risk.
The turnover for the year has risen dramatically and exceeded pre-covid levels, although some revenue was due to government grants designed to help the Trust through the pandemic and clearly will not be available in future years. Regardless, with train fares doubling and turnover at £1m (both at record levels) and previous members loans and other loans eliminated, it has been a great year for the Trust.
The surplus from the Trust's activities has significantly increased from the previous year. Although a surplus is important for ongoing viability as a 'not-for-profit' organisation, what is more important is how the large turnover and operating surpluses have allowed the Trust to invest heavily in overdue infrastructure repairs and renewals. In this financial year, spending in the Permanent Way department has risen from £6k to £65k, spending in the Carriage & Wagon department rocketed from £43K to £126K, spending on property repairs and maintenance went from £12k to £57k and spending on loco maintenance rose from £12k to £50K.
Whilst in many organisations rising costs would be a significant concern, here we can celebrate our financial success by demonstrating the massive investment we have ploughed back into our heritage assets, and we have achieved this whilst simultaneously increasing the surplus for the Trust from £65k to £90k (pre-depreciation).
The quality of our Mark 1 coaching stock has never been higher, with hired-in stock from Stanley Trains, the Vintage Carriage Trust, the LNER CA and 1903 Electric Autocar Trust all complementing our high quality restorations.
Fundraising has continued to go from strength to strength. The totemic Wheldale appeal has reached new heights with money raised through sales stands, draws, bric-a-brac and merchandise sales. These funds are vital for the Trust as it continues along the path of seeking ownership of an operational steam loco and reducing our reliance on hired in steam traction. Importantly, we are now seeing real physical progress on the restoration of Wheldale with Statfold Barn Engineering contracted to restore the wheels, motion and chassis.
The Century Appeal was also launched: A new appeal focussed on re-creating an authentic Trust owned Midland
Railway carriage set to run on our Midland Railway built line.
Approval was given for a further extension to the existing carriage shelter, which will see another four of our heritage coaches under cover and protected from the elements whilst the station building at Bolton Abbey underwent a major renewal of the life expired cladding around the café.
The Trading Company (owned by the Trust) thankfully returned to profit (after the tough covid conditions of the
previous year) and donated £16k to the Trust.
Wages continued to rise in line with our recent growth - by £40k, but this can easily be justified when the train fares have risen by over £400k over the same period. The balance of our long-standing members loans has now been eliminated and the total owed to creditors at the end of the financial year fell by another £13K.
Our partnerships with other organisations such as Vintage Carriages Trust, 1903 Electric Autocar Trust, the LNER Coach Association, the Furness Railway Trust and Stately Trains continue to prosper.
Our greatest risk going forward is the forecasted rise in energy bills (electricity and coal) which could significantly affect our operations. This is a risk which needs to be addressed in the next financial year. The prospects for the Trust look promising, but we must take care with some economic turbulence and rising energy costs on the horizon. We must continue to grow, secure and conserve our heritage assets, educate the public through heritage events and continue to develop further partnerships with community groups and similar heritage organisations.
As ever, our success and continued existence is down to the hard work of our volunteers and staff - thank you to all involved with our continued success and long may this continue.
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YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 JANUARY 2022 Flnanclal revlew Al the year end the charity'8 funds Stood at £804,448 of tM)i¢h t230,C61 •ras designatéd and £374,387 unre$tnct8d. The policy is lo ¢ts"h lo build up serveS subject to pnor demands offvrther ¢gpilal expenditure to equip th¥ rai4aY wth facilths to maintsin the fai¥aS o'e¢lives. 11 is thè policy ol the chanty that untesln.thd furKls habp rt been ¢Jesignated for a uso should b8 maintained at a level equivalent lo between three and six month'$ expendrture. The Iru$tè•s COnder th81 ras&Nes al this level will ensuiè that. in the event of a sryniftanl drop in fvnding, they will be atyle to continue the tharty's current activities vh)ib ¢ons¥Jeratson is given to ways in wlwch additional fvnd$ may rais8d. This ltrv•l ol reserves has been maintsin¥d througlKJt the y•r. In occordance wth the tharivs MwnoraThJum and Articles of Awiabon, the tn1••8 hav• th8 power to make ¥ny i51m0nts which frt. Audltorn A fes&ullon wopo8lng thal SWheTd PrtrMtrp timit8d be reaFwint•d •% 8LwJrtor3 of the Company w611 be put to th• memb•rs. On behalf of the boarf of tru8le•s R Shw Trustee Dated 28 Oclobw 2022
YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees, who are also the directors of Yorkshire Dales Railway Museum Trust (Holdings) Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these accounts, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED I rtport on the accounts of the charity for tho year erthd 31 Jarry 2022. set OLrt on pages 7 to 15. Rosp¢¢tlv• rnspon•lbllltl•• of tru•1• and •x•mln•r The trustees. vtho are also tho ¢Jir&dors of Yorkshire Da Ra1Y MuseLm Trust (Holdingsl Limrted lor the PLtrposes ol company law. afe rèsponyble for the para" of th& unts. The trustees cond¢r that an audit is not required for this y&8f under sectKJn 144121 of the Chants"os Act 2011, the 2011 Act. and that an in¢Jependent examinatKJn 1$ n•8dd. The charty's gross income exceeded £250,000 and l am qualified to undertake the examinalw bein9 0 qu8lffied member ofTh8As8w"ab"on ol Chartered certA¢coUntants. Having satisfied myseK that the charity 18 not sublecl to audrt urthr ¢panY ITh and is digiblg for indepe1OnI examination. il is my respongbilty to.. 151 ¥x8mina th8 accounts under se¢b"¢m 145 of tha 2011 ALI., Ill) to follow the prwdufes lahl down in the general Directims gN•n ty the Chwity CoMmiuv under BeCtNgn 14515llbl of the 2011 A¢t, and I1) lo $lale wh8th•r particular m4tters h•v• ¢m to my atterkn. Ba¥18 of Ind•p•nd•nt •xamln•rf• r•port My ex8rnination was camed Qui in accordanc• with th& generd tNrgdlon8 gNen by Iho Ch•rrty Commi88ion. An exarnination In¢lude$ a review of the accounting re¢ords kept by t charity and a comp8n8on of the accounts presented wlh those recof¢J$. 11 al indudes considérètioft of 8ny unusual items or disclosures in th8 accounts, and seeking explanations from yOLb as trustees concerning #fiy SLth matters. The prrKedures und•rtaken do nol provide all thtr evidenct that would be required in èn audrt 8ThJ consequently no opinion is glv•n 8$ to whether the accounts Present 8 'lwe and tsir viow, and Ihts is limrted lo those rnatters s•t in ttre statement below. An independent examinatn has taken place In$ld of an IRewL4ts'on 31lfii to 4 dlspensatknn gjven by thg Charity Commission dated 18 May 2022. Ind•p•ndént •xamln•rf8 st•t•m•nt In connection with my examinat. no matter h•8 come lo my •ttwliw.' 141 which glv&s m rèasonable cause to telwe th81 in ony matwial rt8Fect the r•qulrem&nts'. to keep awounling r8wd$ in accordance w7th sectson 386 of the Compan$ Acl 20C,' and lill lo pr•paf• 8ccounts vthich accord the accounting rec¢x(Is. o)mply wth the accounting requirfjmgnts of Sect 396 of the Compon8 Acl 2CJ6 and wrth tho molhod$ and prinopl•s of lh• Stalgment of Recommended Pr¥¢k•". Accouth'ng and Reporting by Chants".. have not been rn.. or Ibl to which, In my opinion, attention b• dr in Order to •Mbl• • understanding of the oc¢ounts to b• reached. A J Dutton FCCA The AssocAalion of Chartered C¥rbfi8d AcCnIar Carlolon Business Park Skipton B023 2DE Dated.. 28 October 2022
YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JANUARY 2022
| Notes Incoming resources from generated funds Other incoming resources 2 Operating a railway 3 Investment income 4 Exceptional income 5 Other incoming resources 6 Total incoming resources Resources expended 7 Costs of generating funds Costs of generating donations and legacies Fundraising trading: operating a railway 3 Net incoming resources available Governance costs Total resources expended Net income for the year/ Net movement in funds Fund balances at 1 February 2021 Fund balances at 31 January 2022 |
2022 £ 52,896 909,703 4,258 966,857 197,550 6,800 1,171,207 17,193 711,139 728,332 442,875 353,073 1,081,405 89,802 514,646 604,448 |
2021 £ 36,645 410,187 4,609 |
|---|---|---|
| 451,441 118,393 37,978 |
||
| 607,812 | ||
| 18,757 285,408 |
||
| 304,165 | ||
| 303,647 247,885 |
||
| 552,050 | ||
| 55,762 458,885 |
||
| 514,647 |
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET
AS AT 31 JANUARY 2022
| 2022 Notes £ Fixed assets Tangible assets 10 Investments 11 Current assets Stocks 16,370 Debtors 12 61,646 Cash at bank and in hand 220,180 298,196 Creditors: amounts falling due within one year 13 (100,435) Net current assets Total assets less current liabilities Income funds Designated funds Unrestricted funds |
2021 £ £ 356,687 50,000 406,687 13,273 15,701 195,190 224,164 (149,460) 197,761 604,448 230,061 374,387 604,448 |
£ 389,943 50,000 |
|---|---|---|
| 439,943 74,704 |
||
| 514,647 | ||
| 106,971 407,676 |
||
| 514,647 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 January 2022. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts under the requirements of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the 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 accounts, so far as applicable to the company.
These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
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YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET ICONTINUED) AS A T 31 JANUARY 2022 The 8ccounts were apwoved by the Board )28 Odctsr 2022 R Shaw Thistse Company R•gl•tratlon Mo. 01420636
YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2022
1 Accounting policies
1.1 Basis of preparation
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Companies Act 2006.
1.2 Incoming resources
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with accuracy.
Donations, legacies and other forms of voluntary income are recognised as incoming resources when receivable, except insofar as they are incapable of financial measurement.
Trading income is directly attributable to the operation of the trains and railways.
No amounts are included in the financial statements for services donated by volunteers.
Volunteers time is not recognised in the accounts.
1.3 Resources expended
All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to a particular heading, they have been allocated to activities consistent with use of resources.
Trading costs are those incurred directly from the operating of the trains and railways.
1.4 Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Freehold land is not depreciated Freehold buildings 20 Year straight line Rolling stock 15% Reducing balance Fixtures, fittings & equipment 15% Reducing balance Track and signals 10 Year straight line
1.5 Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals payable under operating leases are charged against income on a straight line basis over the period of the lease.
1.6 Investments
Fixed asset investments are stated at market value.
1.7 Stock
Stock is valued at the lower of cost and net realisable value.
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YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2022
1 Accounting policies
(Continued)
2 Other incoming resources
| Donations and gifts 3 Operating a railway Operating a railway Fundraising trading: operating a railway Net Operating a railway 4 Investment income Rental income Interest receivable 5 Exceptional income National Heritage Grant Government Grants Coronavirus Job Retention Scheme |
2022 2021 £ £ 52,896 36,645 2022 2021 £ £ 909,703 410,187 (711,139) (285,408) 198,564 124,779 2022 2021 £ £ 4,200 4,200 58 409 4,258 4,609 2022 2021 £ £ 169,400 41,900 20,950 36,000 7,200 40,493 197,550 118,393 |
|---|---|
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YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2022
6 Other incoming resources
| Net gain on disposal of fixed assets Other income Total resources expended Costs of generating funds Costs of generating donations and legacies Fundraising trading: operating a railway Total Governance costs |
Staff Depreciation costs £ £ - - - - - - 185,244 33,256 185,244 33,256 |
Other costs £ 17,193 711,139 728,332 134,573 862,905 |
2022 £ - 6,800 6,800 Total 2022 £ 17,193 711,139 728,332 353,073 1,081,405 |
2021 £ 31,178 6,800 |
|---|---|---|---|---|
| 37,978 | ||||
| Total 2021 £ 18,757 285,408 |
||||
| 304,165 247,885 |
||||
| 552,050 |
7 Total resources expended
Governance costs includes payments to the auditors of £nil (2021: £nil) for audit fees and £4,332 (2021: £4,787) for other services.
8 Trustees
None of the trustees or any persons connected with them received any remuneration during the year
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YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2022
9 Employees
Number of employees
The average monthly number of employees during the year was:
| Administration Employment costs Wages and salaries Other pension costs |
2022 Number 28 2022 £ 181,598 3,646 185,244 |
2021 Number 28 |
|---|---|---|
| 2021 £ 141,599 2,422 |
||
| 144,021 |
There were no employees whose annual remuneration was £60,000 or more.
10 Tangible fixed assets
| Land and buildings Track and signals £ £ Cost At 1 February 2021 and at 31 January 2022 762,558 67,698 Depreciation At 1 February 2021 400,029 67,698 Charge for the year 29,144 - At 31 January 2022 429,173 67,698 Net book value At 31 January 2022 333,385 - At 31 January 2021 362,528 - |
Rolling stock Fixtures, fittings & equipment £ £ 33,136 43,571 15,361 33,932 2,666 1,446 18,027 35,378 15,109 8,193 17,775 9,640 |
Total £ 906,963 |
|---|---|---|
| 517,020 33,256 |
||
| 550,276 | ||
| 356,687 | ||
| 389,943 |
11 Fixed asset investments
| £ | ||||||||
|---|---|---|---|---|---|---|---|---|
| Market value at | 1 | February | 2021 | and at | 31 | January | 2022 | 50,000 |
Historical cost: At 31 January 2022
50,000
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YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2022
11 Fixed asset investments
At 31 January 2021
(Continued) 50,000
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
| Company | Country of registration or | Shares held | ||
|---|---|---|---|---|
| incorporation | ||||
| Class | % | |||
| Subsidiary undertakings | ||||
| The Embsay Steam Railway | England and Wales | Ordinary | 100 | |
| Trading Company Limited |
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
| Capital and | Profit/(loss) for the year | ||
|---|---|---|---|
| reserves | |||
| Principle Activities | £ | £ | |
| The Embsay Steam Railway | Retail shop and catering | ||
| Trading Company Limited | facilities. | 73,299 | 17,957 |
| - |
| 12 Debtors Other debtors Prepayments and accrued income |
2022 £ 58,401 3,245 61,646 |
2021 £ 15,701 - |
|---|---|---|
| 15,701 |
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YORKSHIRE DALES RAILWAY MUSEUM TRUST (HOLDINGS) LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2022
13 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year Trade creditors Amounts owed to group undertakings Taxes and social security costs Other creditors Accruals |
2022 £ 55,300 25,145 - 16,490 3,500 100,435 |
2021 £ 24,928 40,240 3,292 81,000 - |
| 149,460 |
The bank loans and overdraft is secured by a charge dated 15 February 2007 over the land and buildings at Bolton Abbey Station, Bolton Abbey, Skipton, North Yorkshire.
14 Pension and other post-retirement benefit commitments Defined contribution
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Contributions payable by the company for the year | 3,646 | 2,422 |
15 Related parties
The charity has a wholly owned subsidiary, The Embsay Steam Railway Trading Company Limited. The subsidiary manages a retail shop and catering services for the benefit of the charity and donates its profits to it - annually. During the year the subsidiary donated £16,095 (2021 £Nil) to the charity. Rental income includes - - £4,200 (2021 £4,200) charged to the subsidiary and other income includes £6,800 (2021 £6,800) charged - as management fees. At the balance sheet date the amount due to the subsidiary was £25,145 (2021 £40,238).
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