Charity iegistration number 1119967 (England and Wales) Cornpany reg15tratlon number 06112902 LLANGOLLEN RAILCARS LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 LLANGOLLEN RAILCARS LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trusto0s Mr 8enn Pollard Mr Adarn Boddy Mr George Fletcher Mr Dewi Davies 5ocrgtary Mr lan Br8dbury Charlty numbor (England and Wal•sl 1119967 Company number 06112902 Prlnclpal address The Stsllon Abbay Road Llangollen Denbighshire LL20 8SN Rogl$lgrgd oHI¢g The Slalion Abbey Road Llangollèn Denbighshire LL20 8SN Ind9￿nd#￿t •xamln•r Satnanlha Jon95 FCCA, ACA Morris Cook 6 Salop Road Osw8stry Shropshlra SY112NU LLANGOLLEN RAILCARS LIMITED CONTENTS Page Trustees. Ipport Ind8p8ndent exatnlner's report Stslemenl of financial activlties Balance sheet Noles lo the flnan¢lal 81al8m8nl8 8-14 LLANGOLLEN RAILCARS LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2024 Th8 Irust88s pr8sent Ih8ir report and Iinanaal 51atement5 for th8 y8ar 8nded 30 Nov8mb8r 2024. The 8¢ctsunls have been prep8reé in ￿￿Ordenee wilh the 8¢¢ounting policies set out in note 1 to the 8¢¢ount$ 8nd Comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities." Slaternenl ol Recorntnended Practicp applicable to charitie5 preparinq Iheir accounts in accofdance with the Financial Reporting Standard appllcable in the UK and Republlc of Ireland IFRS 1021" las arnended for accounting perlcyjs comrnencing from 1 January 2016) Objectives and activitie The ¢harlly'$ oble¢t$ ar& lo acqulro, prol8¢1, pr8s&rv8, r&81or8, malnlaln, house, optrralg ancl supply Dl8sel Mulllplg Unlls (Railcarsl far the benefit of the public. To operate Di8591 Multiple Units (Railcarsl on the Llangollen Railway or such other railways the Charily may from lime ta time decide lar the benefit ol the public in arder that the public may r)bserve the Dles81 Multipl¥ Unils IRail¢orsl opgraung in the rnannor lor whl¢h they werg d&$lgn¢d. To ¢o11g¢1. ¢aialoguo. produce, virite. publish, commission, obtsin. make available, sell, ￿nd and otherwise prcduc8 lrter3lure, rnaintenance manuals and other relevanl documentation and information in respect of Diesel Multiple Units (Railcaisl for the benefit ol the public and for olhtsr owners 8nd op8rators of yimilar historic rolling stock. The policies adopted in lurtheranc? ol these objects are to raise ftJnds- in doin9 so, Ihe Charity musl not undertake any substsiilial permanent Ir3diny a¢tivily and musl comply with any ralevanl slalulory regulations. To buy. lake on, loas8 or in exchange, hire or otheNi6e acquire any property and lo rnainlain and equip it lor use. To sell. lease Dr olliatWi5e dispose ol 811 or 8ny part of the property belonging lo the Charity. In exercising this power, the Charity must Comply as appropriate viilh sections 117 10 123 01 the Charities Ad 2011. To borrow money and lo charge the whole or part ol the propgrty belonging lo the Charity as security lor repayment of the money borrowed. The Charity must comply as appropriate with 5eclions 124 10 120 of Ihe Charities Act 2011 if il wishes lo morigage land. To co-operate with olher Gharilies, volunlary bodies and slalultsry authorities and lo excliang8 information and advice with them. To establish or support any chaiilable trusts, associations or institutions lormed for any ol the charitable purposes included in the Objectives. To acquire, merge viith or enter into ony partnership orjoint venture arrang¢ment with gny olher ¢horily formed loi any ol the Obje¢tives. To set aside incorne as ¥ rgservg ag8ing1 future expendiluw bul only in #cwrdance wilh a wrillgn policy about reggrvgs and there has been no chan9e in these during the year. When planning our aclNilies for the year, Ihg Trustees have considered the Charity Comrnission's guidance on public benefit, including the guidance on public benefit and fee setting and the area ol benefit. The Charity relies on donations, fee in¢ome Irorn train hire to railw8y$, and sales of literalurelsouvenirs. The Trustees give careful wnsideralion lo the aG¢869ibility of ihg rail(4rs. onsuring that partirAPation in its 8ctivitigs is aY&il&blp to all on a no 189 basis, and Ih81 educalional and instructional rnalerial 15 available at cost. In setting the levels of hire lees, the Trustees give careful consideration lo Ihe awessibilily of the Railcars lo all members ol Ihe public. In Ihe loan or hire ol railcars lo olher Railways and the dis89tninats.on ol educational tnaterial tre Trustees give careful consider81ion tg the geographi￿1 area of benefit to benefit the wKler public and not restrict this benefit to one geographical area. Technical and historical infomiation has continued to be made available lo those bodies requiring it, both public and priv81e, on r9qU¥St and without charge. As member5 01 Ihe Railcar Association we have continued lo play a pivotal part in the overseeing of Ihe'model Maintenance Scheme. assisting in the safe operation of railcar train5 on UK heritage railways. The trustees have paid due regard to guidance issued by the Charity Cornmisgon in deciding what aclivilies the charity should und6rtaka. Trustee rneetings continue approximately rnonthly, with the agenda and usually a discus5*Jn docum￿1 circulated bèforehand for consid$ration at a Zoom, ma6ting a few days latar. Achlevements and perfomiance LLANGOLLEN RAILCARS LIMITED TRUSTEES. REPORT ICONTINUED}(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2024 Revlgw of the Ygar 202312024 ha5 seen the operations at the Llangollen Railway continue. Steam service5 have seen a small increase thi5 year atthough financial considerations combined with the lack of availability of suitable co31 for steam services mean that the railway 15 still tnor8 heavily d8p8nd8nt on di8581 traction than it was pr8-covid. Our rail&gr fl88t h35 this y8ar operat8d on les5 service days Ihan it did last year but has been asked to supply charter service5 on non-timetabled days. we have algo flllad Sn al tirnès ol non-avallabllity of the bookèd tractlon, We have ended the with prolrt. mwh ol which Is earmarked for restoration projecls. as well as inveslmenl in spares. and improvernents lo depot and mess facilities which have been made and 8irnilai inv88tment is expected lo conb'nue in the next financial year. Aehl•vèmonts Mlles eovered by tht units for this year totaiied 8967 whieh Is a reductioft of 1J3 mlles ov¥ the pravlOUS year. thls was brought aboLJt mainly by the loss cf summer setvices to steam and diesel locornoliv& hauled services bul was offset by opening the extension of the line to COTr￿*n In the summer of 2023 and the ust ol our units for charter hire on days when no public services wtsr6 running. Th8 re.upholsl•ry of the class 108 was cornpl•18d early onough to make Ihe unll availab18 for th8 start of th8 runnlng 59ason and has been used lor Ihg bulk ol Ihg sgrvices during the year in wnjuncb'on with other uni15 whgn a 4-cgr sel w88 required. The Class 1271108 unil has seen ils, first full season in tralfic after b)dywork restorationlcompleted in Septernber 20231 and has been trouble free. The resloralion of Class 105 trailer 56456 8lw continues 81 LIangoI￿n, the interior panelling is neariro completion, consideration will be turning lo r8sioring the toilet compartm8nt and lat8r to r8lurbishrnent ol th8 seat Irarnes and reupholstéry ol th8 saal cushlons Ih8ms8lv8s. The Class 100 Ir8i1gr $6097 h8s geen much progress on Ihg interior resioralion al The Midland Fqailway, Butlgrlgy, also both vehicles156097 and 511181 have received a repaint with the intention ol providing some more protection against the viealher ¥nd lo provldg a solid basg for the final palnling In the fLJlurè, FLJrthermore, r8placemenl har¢wood Irlm lor viindows, doors glc has boughl lo complete the interior of botb vehicles. The Class 104 rtttumed lo servic# in lime for thè OMU gala in Oclobar. bui sadly no. 50454 Suffered a ealaslrophic wh881 bearing failure in November which resulted in contractors being required lo return the dis&)led vehicle back lo the depot at Pentrefelin. The trustees are very gr8teful to Ihe b08rd of Thg Ll8ngollen R8iIw8y Tru8t foi their fin8n¢i81 Support in this matter. 1nve5ligats.ons are currently underway to lorrnulat8 a suitable repair plan. LLANGOLLEN RAILCARS LIMITED TRUSTEES. REPORT ICONTINUED}(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2024 Flnanclal revlew Train hire inwrne was reduc8d on thé prèvious y88r at £36.585.08. this was du& lo aforementionèd rgduclion in ihe nurnb8r of running days. First clas8 8uppl8m8nts hav8 again don8 w811 bringing in £3,386.05, oth8r donation8 including monthly donations by members br)ughl in £2,526.87. Again our bbjgest expense thi5 year wa5 luel although the prfcg does seèm to havo 5tablli5ed somevdhal this year. Th¢ r8storalion projects as Stated previously have been funded as the wvrk progresse8 and there has been continued investment in depot equipment and lacililies. One example ol this is the replacement ol the CCTV system after a local Ilghtnlng strlke dlsobled the complete system, surge protecfjon has now been fllted to prei'ent a repeat of Ihls. We finished 1he year with a nel profil of £9,763.96. We are expecting to be investing heavily Ihis yearto conts'nue resloralion projeds whth will need input from speoalisl ¢onlro¢lors and so hove built up the sovings with this in mind. 2024 was again a remuneratt've year and the Board of Trustees believe thal they have taken fair advanta9e ol this. We btslieve Ihal tho Llan9olltsn Railway Trust will. in tha foresaeablo future continua lo avail then)selvtss ol our services. Tha Charity's pollcy is to malntain unreslrlclgd funds ol betwaan thraa and SSX months. axp8ndlture In cash or èquivalènts and a r858rvg account holding approxirnat8ly six months, operating cost5 ha5 b8en cr8ated ￿15 year. This 8n5ur&5 thal, In the event of a significant drop in funding, Ihe Charity'5 current aclivilie5 can continue while additional fund5 are raised, This lèv81 ol r8S8rves has b88n maintalned throughoul th8 yoar. Thè Trust805 hav8 ass&ss&d the rnalor risks to which th8 Ch8rity is exposgd, and are salisfied syst8rn5 are in place lo rniligale exposure lo the ri5k8 identified. Th8 Irusle85 hav& assesséd th8 rnajor risks lo which th8 charlly Is 8xpos8d, and ara satisli8d thai 5ysl8ms ar8 in place to mltlgatè èxposurè to th• malor rlsks. Looking forward Th8 Llangollen Railway's operations have generally continued with Ihè traction policy pul in plac6 when the Llangollen Railway Trust took over from the PLC, and lar more allenlion is still being paid lo the profitability of 115 operations. Th8 value ol our offarlro has b8n8filt•d us 8normously, and also LRT as w•ll,' this is likély to continué for a numb&r of yÈars. The Trustees would like lo thank all the volunteers in the Llangollen Railcars Ltd, who have ensured that we have been able to provide the services requested in 2024. We have rnanaged to rècruit some new volunteers which will hopèfully 9ugrantge the continuance of Llangollen Roilcars Ltd further Into the fuluie. Slruclure, govemance and management Tha charity Is a company Ilmlled by guarant80 and was Incorpc*ratod on 16th Fgbruary 2007. The incorporatèd charty began tra(Jing on 1Bt DeGgmber 2007. The trust&6s, who are also thè directors lor the purpose Df eompan>' law. and who served during the year and up to th& ale of signature ol the financial sialemenls wère.. Benn Pollard Ir Adam Boddy Ir Gaorge Flolchar Ir Dewi Davies LLANGOLLEN RAILCARS LIMITED TRUSTEES. REPORT ICONTINUED}(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2024 Th8 Charily has four tru51ee5- hall ol whom rnust retir8 by rotation each year. Appoinlm8nt or re-aptK)inlment ol Iru5lees is on a one rnember ore vote basi5 at Ihe Annual General Meeting each year. Va¢8ncies are adverb5ed amongst the m8mbars. None of the trustees has any beneficial interest in the company. All of the trustees aro rnember5 01 the cornpany and guaranl*è to conlribule £10 in thg *vènl of thè Charity bèing wound-up or dissolvèd. The cornpany's current policy Gon￿rnIng the payment ol trade ueditors is lo follow the GBI'S Prompt Payers Gode Ihttp'.Ilwww.prornplp8ymenlcode,¢rg.ukll. The carnpany's current policy can￿rning the payment ol trade creditors is lo.. sotll8 tha lems of paym&nl wlth suppliars when 8gr8alng tha ltrrms ol ga¢h ¢ransactlon'. pay in accorda￿9 with the company's conlraclud and other legal obligations. Tradfr crgdllors c)f Ihfr Company 91 tho y&8r end wtrrg oqulvalgnl lo sgvonlggn ¢ays' purchos&9, b8s¥d on the gvor89g dally rvounl invoiced by suppliers during the year. There are no related parties other than the trustees. Th8re are no relaletl partie8 other then the Iruslees. Tho Irusl88$' report was approvèd by thè Bo2rd of Trusl88$. Mr Ad•m Boddy Trust8 Dated.. 2 August 2025 LLANGOLLEN RAILCARS LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LLANGOLLEN RAILCARS LI•AITED I report lo the tru5tee5 on rny 8xaminalion of lh8 financial stalem8nt5 01 Llangollen R311car5 Lirniled Ilhe chartyl lor th8 y8ar ended 3D November 2024. Ro$pon$lbllltl&$ and b¥sl$ of roport As Ihe trustoes ol tho charity land also its directors for the purposes ol company lawl, you ar• responsible for tho preparallon ol the financial statements in accordanc8 with the r8quirom8nt5 01 the Companies Act 2006. Having $8li$fied myself that the finan¢ial statements ol the charity are not required to be audited undèr Part 16 of the Companies Act 2006 and arè eligible for independent èxamination, I rèport in resp6cl of My exarrination of the charty's financial slalemenls carried out under section 145 of the Charities Act 2011. In carrying out my exarllination I ha08 lollow8d the Direclions given by the Charity Comrnission under section 14515llbl of the Charities Act 2011. Ind•p•nd•nt •xamln•rf8 stat•m•nt I have comploted my exarninalion. I confirm Ihat no rnarters have corne to my atlenkn'on in cL)nneclion wilh the examination giving ma causa lo beliav$ that in any matarial raspècl.. accounting records were not kept in resped ol the charity as required by section 386 01 the Companies Act 2006. the financial statements do not accord with those records., or the financial 51alernenl8 do nDI cotnply with Ihe ac¢x)unling r8quirements of 8eclion 396 of the Compani85 Act 2006 other than any requirement that the fi'nancial statements give a true and fair view, which is not a matter considered 85 part of an indepènd8nt examinallon., or the financial stt)lernent5 have nol bean pr•pared In accordance with Ihe mèthods and prlncipleg ol the Stalamenl of Recommended Practice for 8ccounling and reporiing by charibes 8ppIic8ble lo charilies preparing their finBnci?I statements In acGDrdanG? wllh Ihg Flnanclal Repomlng Standard appll¢ablg Ihe UK and Repu>llc of Iielan*J IFRS 1021. I have no concerns and have c4Jme across no other matters in conneC￿.0n wilh Ihe examination to which attention Should be ¢rawn in this report in order lo en8blp a proper undersianding of the linan¢io1 Stolemenls lo be reo¢h¢d. Samantha Jones FCCA, ACA Nlorri$ Couk 6 Salop Road 05westry Shropshire SY112NU 6 August 2025 LLANGOLLEN RAILCARS LIMITED STATEMENT OF FINANCIAL ACTtVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2024 Unrestri¢t•d funds 2024 Unr•8tri¢ted fundg 2023 Notes Incom• and •ndowmènt8 from.. Donations and legacies Chari18blè 8clivth$s Oiher trading aclivits'•s Inveslrnents Other ineclmè 5,913 36,584 8.226 36.W9 23 586 821 Total Incom? 43.084 46,239 Exp•ndllur• on: Charit8bl& 82tivili88 33,320 44,655 Total expendllure 33,320 44.655 N•t In¢om• and mo¥•mollt In funds 9,764 R•conclllallon of fundg.. Fund balances a11 D&cernber 2023 267,882 266,298 Fund balan¢9$ at 30 Nov9mb•r 2024 277,646 287.882 The slalernenl ol financial activities includes all gain5 and losses recognised in the year. All income expenditure derive from continuing aclivilies. LLANGOLLEN RAILCARS LIMITED BALANCE SHEET AS A T 30 NOVEAIBER 2024 2024 2023 Not9¥ FlxÈd 8gse18 Tangib18 asse18 14 223,162 225,187 Currènt a88•t8 Debtors Cash at bank and In hand 15 279 47.827 57,385 47,827 Cr•dilor8= amount$ f811ing du• within on• y•ar 16 12,9011 15,1321 N•t curmnl a860ts 54,484 42,695 Total as8•ts1•88 currnnl Ilabllltl•s 277,646 267.882 Thg funds of tho ¢h8rlly Unrcstrictod funds 17 277,646 267.882 277,646 267,882 Th8 company Is èntllled to thè 8xemption Imm th8 audlt rèqulrem8nt contalned In $8ctlon 477 01 the Companias Act 2006, lor the year ended 30 November 2024, The Iruslees acknowledge their responsibilities for ensuring that the charity keeps accouniing records which cornply with section 386 01 the Act and lor preparing finan￿101 slatements which give a true and lair view ol the stale of affairs of the company as al th8 end ol Ihe flnanclal y08r and ol ils inc%>ming re￿r¢￿$ and applicallon ol resource8, including Ils income and exp8ndilure. for the financial year in accordance with the requir&monls ol s8clions 394 and 395 and which othe￿Is0 comply with the requirements ol the Companies Act 2006 relating to financial slalements, $0 far a$ 8pplicgble to the Company. The members have not requlred the cornpany lo obtain an audll ol hs flnancial slatemtrnts lor th8 y8ar In qu*stion In 8ccord8nco wilh s&ction 476. These financial slalernenls have been prepared in acCo￿anCe with the provisions applicable lo cornpanies subject to the small cornpanies regirre. The financial slatemgnls wgrg approvg(I by the Irust899 on 2 August 2025 hlr Adam Boddy Trustee Cotnpany registration nutnbgr 06112902 (England and Vlal8sl LLANGOLLEN RAILCARS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 Ac¢ountSng pollcle8 Ch8rity infowmation Llangollen Railcars Limltod Is a privat8 company limited by guarant88 incorpDrat•d in England and Wales. Th8 r8glsterod officè Is Thè Slatvjn, Abbey Road, Llangollen, Denbighshira, LL20 8SN. 1.1 Accounting conventlon Th& accounts have b88n prèpared in aecordanc6 with the charity's gOV8min9 doeum&nt, th& Companios Act 2006 and °Accounb'ng and Reporting by Charities.. Ststement of Recommended Practice applicable to charib'e5 preparing their accounts in accLYdance with the Financial Reporting Standard applicable in the UK and Reput4ic ol Ireland IFRS 10£) las amended lor accounting pèriods commèncing from 1 January 20161. Thè charltv is a Public B8n8lit Entity as dèfln&d by FRS 102. Thè charlly has taken advantage of Ihè provisions in thè SORP for charlliès applylng FRS 102 Update Bulletin 1 not lo prepare a Slalem8nt ol Cash Flows. Th8 Ilnancial slalements ar6 prepared In 51erllng, which15 tho luncllonal currency ol th8 charlty. Mon8lary amounts th8sa linanclal stAlem8ntS *8 round8d to thè n8ar8st £. The linan¢i81 stalements have been prepared under the histori¢al ¢ost Conven￿'0n. The principol acoounting policies adopl&d are s&1 out below, 1.2 Going conc•m At the Iirne ol approving the financial slalernenls, the tru5te85 have a r8Bsonabl8 expeclatson that the chanty has adequate resources to continLJe in operational existence for the foreseeable future. Thus the trustees conbnue to adopt th8 golng concern basls ol accounllng In preparlng the flnan¢lal st4lamenl8. 1.3 Ch*ril•ble fund• Uiii¥slil¥l¥d lurids ai¥ 4vailabl¥ Ivi u¥¥ ¥1 Ili¥ di¥¥i¥liuii vl Ili¥ Irus1¥¥8 iii luilti¥r41i1¥ ul Ili¥lr L414ril4bl¥ utsl¥¥llv¥¥. 1.4 Incornfy Incorne 15 recognised when the charity is legally entitled to it after any performance conolitlDns have been mel, the arnounls can be me8sured reliably, and it is probable that incorne will be received, Cash donations are recognised on recglpt. Olhei don81ion8 are recognis&d once the charity has been nolified of the duri￿t5. sfac.tinn 12'0th8r FinonGial Instrurnenls Issues, of FRS 102 to all of rts financial instruments. Financial in8trurnenls are recogni58d in the charity's balance 3heel when the charity becornes party lo the conlraclual provisions of Ihe instrument. Financial assets and liabilities are offset, with the nel arnounts presented in the financial slaternents, when there is a legallv enforceable right to sel off the re¢ognised omounls and there 15 an intention to spttle on a n?t basis or lo replise tho asset and sgtlle ihg liablily simullanoously. Basic financial liabilities Basi¢ ffi'nancial ligbiliti¢$, including cr¢ditors and bonk loons or¢ initially r¢cogniscd ot transo¢tion pri￿ unloss tho arrangetn8nl ¢on8lilules a financing Iransaclion, ￿here the dgbl instrumgnl is measure¢J ai the present value ol Ihe future payments discounted at a market rate ol interest. Financial liabilities classified as payable within one year are not amortlg9d. Trade creditors are obligations to pay for goods or servi￿$ that have been acquired in the ordinary course of operatlons from suppliers. AmoLJnts payablo arg ¢Lgssifled as Current liabllllles il payment Is dug ong ygar or18$s. If not, they are presented as non-wrrenl liabilities. Trade creditors are recognised initially al transaction price and subsequently rneasured al Emorti5ed o)st using ltrie effective inleresl rnelhod. LLANGOLLEN RAILCARS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 A¢¢ounting policies Icontinutdl Derecogrtition tslfinttncial liabilities Financial liabililies are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Crltlcal accounung estlmates anil judgements In the applicab'on of the charity's accounting polirAes, the Iruslees are required lo make judgerypnls, estimates and assumptions abaut the carrying amount of assets and liabilities tha1 are not readily apparent from other souirEs. The gstlmat8s and associat￿ assumpllons ara basad on historical gxpgdgn¢9 and olhgr fodors that or9 ¢9nsl(Jer9d to bo rglevanl. Actual results may differ Irotn these e51itnatss, Th* e81imales and underlwng assumptions are reviewed on 8n ongoing basis. Revisions to a¢¢ounling oslimales ar$ rgcogni58d in the period in which the e51imale is revised where the r8visK)n affects only that period. or in the period ol the revision and future peric&s where the revision aNects both current and future periods. Incom• from donatlong and l•g8cl•s Unr•strlct•d nds 2024 Unr•gtrlct•d funds 2023 Donallons and gKI$ 5,913 8,228 Donallons and gbfts Donations Honesty 8DX Donations Gift Aid Reclaimed First Class Supplement8 1,803 85 639 3.386 1.424 335 1,442 5,025 5,913 8,228 Income from charltable actlvltles Unrestrlcted funds 2024 Unrestrfcted lunds 2023 Charitable A¢ti¥itiès Salè of good$ 36,584 36.919 10- LLANGOLLEN RAILCARS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Income from other tradlng actlvltSes VnrÈgtricted Unr•9trictèd funds lunds 2024 2023 Other income 23 In¢om8 from In¥g$tment$ Unr&8tri¢t•d Unrè8tri¢ted fund* lund• 2024 2023 Interest receivable 586 260 Other Income Total Unr•strfct?d lund8 2024 2023 Fuel Surcharge 821 11 LLANGOLLEN RAILCARS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Charltable acto￿tIes 2024 2023 Depreciation and impairrnent Fu&1 Lubri¢anls Parts Other expenses Storage charges Chariiable gxp8ndltur6 headlng 8 10.222 6,029 1,038 7,807 1,767 1,120 2,306 10.053 1.086 16.304 2.337 625 3.397 30,289 42,338 Shore of support wsts (see note 91 Shar6 of gov8rnant8 costs Iseè not8 91 589 2,442 1.533 33,320 44,655 support costs Support costs Govèrnancé costs 2024 2023 Postage and stalion8ry W8bsite hosting 48 $41 48 541 93 A¢couniancy 2.415 27 2,415 27 1.510 23 Sundry 58) 2,442 3,031 2,317 Analysed b•lw8èn Charitable activ￿.e8 585 2,442 3,031 2,317 10 Net movernent In funds 21124 2023 The nel movement in funds is slated after chargingllcreditingl., Fees payable lor Ihe independent examination of the Charity's financial slalemenls Depreciation of owned tangible fixed assets 10,222 10,053 12- LLANGOLLEN RAILCARS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 11 Trustees Nane of the trustses lor 8ny per$on$ conneoted knryth them) re¢eived eny remuner8lion during the year. 12 Employ999 Th8 averdg8 monthly nurnber ol employ885 during the year was.. 2024 Nurnber 2029 Number Total There were no enployees whose annual rernuneralion was more than £60,000. Remuneratlon of key rnanagernent pprJonnel 13 Taxatlon The charity 18 exginpt from tsxalion on its ath'vilies because all its incoThg 18 applied for charitable Purpo￿8. 14 Tanglble flxed aBsets Rqll V•hlGl88 Rall Vehl¢le¥ In Und•r Ug• R85toratlon F•rry Vang 8pare P• Cost At 1 Oecembvtr 202J Additions 126,459 4,000 205.5159 J,000 1,224 42,792 2,973 J77.7LIO 8,197 At 30 Novembgr 2024 130,459 205,589 4,224 45.T05 385,9TT D•pr•clatlon and Impalrm•nt At 10ecember 2023 Dèpreelation Charged in thè ￿ar 5,970 129.440 8,224 840 169 16,343 1,829 152.593 10,Y22 At 30 Nov8mb8r2024 5,970 131,664 1,009 18.112 162.815 Caryylng 8mount At 30 November 2024 124,489 67.925 3,215 27,533 223,162 AI 30 November 2023 120,489 76,149 2,160 26,389 225,187 15 Debtors 21124 2023 Amounts falllng duo wlthln ona yoar.. Trade debtors 279 13- LLANGOLLEN RAILCARS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 16 Credllors.. amounts falllng due wlthSn one year 2024 2023 Other taxation 8nd social 8ecurily Trade creditors Accruals and deferred income 1,326 32 3,780 1.320 1,575 2.901 5,132 17 Unr•otrictsd fund8 The unrestricted funds of the charity comprise the unexpend8d balance5 01 donations and grants which are not Subl￿t to specific conditions by donors and grantors as to how they may be used. These irKlude desi9naled funds which have beon s¥¢ asi¢Jg out of unreslricled funds by Ihtr Iru$lg$s for spo¢ili¢ purpos¢s. At 1 D•￿1￿b*r 2023 Incomliig resources R•90uYc•s4t 30 Nov•mb•r expended 2024 General funds 287,882 43,084 133,3201 277,648 Prevlouy year: At 1 December 2022 Incomlng r•8ourc08 Resources4t 30 November oxpond•d 2023 Ggngral lundg 266,298 46.239 144.6551 267,882 18 Relatsd party tr&n8action8 Transactlons wlth rèlated partlès During the year the eharily entered into the following tranSaCt￿nS with related part18S: There wer8 no dcn8lions made lo the wmpany by Truslees,12023 Dr J Joyce £1801 14- This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic fonn, authentication and manner of delivery under section 1072 of the Companies Act 2006.