Company registration number 06112902 (England and Wales) Charity registration number 1119967 (England and Wales)
LLANGOLLEN RAILCARS LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
LLANGOLLEN RAILCARS LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mr Benn Pollard Mr Adam Boddy Mr George Fletcher Mr Dewi Davies Secretary Mr Ian Bradbury Charity number (England and Wales) 1119967 Company number 06112902 Principal address The Station Abbey Road Llangollen Denbighshire LL20 8SN Registered office The Station Abbey Road Llangollen Denbighshire LL20 8SN Independent examiner Samantha Jones FCCA, ACA Morris Cook 6 Salop Road Oswestry Shropshire SY11 2NU
LLANGOLLEN RAILCARS LIMITED
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8 - 14 |
LLANGOLLEN RAILCARS LIMITED
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2025
The trustees present their report and financial statements for the year ended 30 November 2025.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)
Objectives and activities
The charity's objects are to acquire, protect, preserve, restore, maintain, house, operate and supply Diesel Multiple Units (Railcars) for the benefit of the public. To operate Diesel Multiple Units (Railcars) on the Llangollen Railway or such other railways the Charity may from time to time decide for the benefit of the public in order that the public may observe the Diesel Multiple Units (Railcars) operating in the manner for which they were designed. To collect, catalogue, produce, write, publish, commission, obtain, make available, sell, lend and otherwise produce literature, maintenance manuals and other relevant documentation and information in respect of Diesel Multiple Units (Railcars) for the benefit of the public and for other owners and operators of similar historic rolling stock.
The policies adopted in furtherance of these objects are to raise funds - in doing so, the Charity must not undertake any substantial permanent trading activity and must comply with any relevant statutory regulations. To buy, take on, lease or in exchange, hire or otherwise acquire any property and to maintain and equip it for use. To sell, lease or otherwise dispose of all or any part of the property belonging to the Charity. In exercising this power, the Charity must comply as appropriate with sections 117 to 123 of the Charities Act 2011. To borrow money and to charge the whole or part of the property belonging to the Charity as security for repayment of the money borrowed. The Charity must comply as appropriate with sections 124 to 126 of the Charities Act 2011 if it wishes to mortgage land. To co-operate with other charities, voluntary bodies and statutory authorities and to exchange information and advice with them. To establish or support any charitable trusts, associations or institutions formed for any of the charitable purposes included in the Objectives. To acquire, merge with or enter into any partnership or joint venture arrangement with any other charity formed for any of the Objectives. To set aside income as a reserve against future expenditure but only in accordance with a written policy about reserves and there has been no change in these during the year.
When planning our activities for the year, the Trustees have considered the Charity Commission's guidance on public benefit, including the guidance on public benefit and fee setting and the area of benefit. The Charity relies on donations, fee income from train hire to railways, and sales of literature/souvenirs. The Trustees give careful consideration to the accessibility of the railcars, ensuring that participation in its activities is available to all on a no fee basis, and that educational and instructional material is available at cost. In setting the levels of hire fees, the Trustees give careful consideration to the accessibility of the Railcars to all members of the public. In the loan or hire of railcars to other Railways and the dissemination of educational material the Trustees give careful consideration to the geographical area of benefit to benefit the wider public and not restrict this benefit to one geographical area.
Technical and historical information has continued to be made available to those bodies requiring it, both public and private, on request and without charge.
As members of the Railcar Association we have continued to play a pivotal part in the overseeing of the "Model Maintenance Scheme", assisting in the safe operation of railcar trains on UK heritage railways.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Trustee meetings continue approximately monthly, with the agenda and usually a discussion document circulated beforehand for consideration at a ‘Zoom’ meeting a few days later.
Achievements and performance
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LLANGOLLEN RAILCARS LIMITED
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2025
Review of the Year
Llangollen Railway services have continued successfully throughout the 2024/2025 season, which as far as Llangollen Railcars is concerned, began on 4th March. We have operated a total of 138 days, which is a reduction of 42 days compared to last year, mainly due to steam traction being employed more during the busy summer weekends.
We were requested to provide a Welsh language Santa train (Siôn Corn) on three days before Christmas 2024, which were deemed a modest success and it is hoped that this will be expanded for the 2025 Christmas period.
Throughout the year we were able to fulfil our obligations to the timetable without any loss of services.
Again, we have ended the year with profit, which will enable us to continue with maintenance, current restoration projects, depot improvements and the procurement of spares as and when they come available.
Achievements
Miles covered by the units for this year totalled 7822 which is a reduction of 1261 miles over the previous year, this was brought about mainly by the expanded use of steam traction for summer services and a reduction of timetabled midweek services. Charter services for holiday tours continue to be supplied mostly by LRL particularly on days when there is no timetabled service.
The collapsed axle bearing on the class 104 unit was finally resolved in April when it was replaced by a specialist contractor aided by some ingenuity from our own members who managed to extract the faulty bearing with an in house built bearing puller. This unit has now been withdrawn from service pending a detailed report on its structural condition and negotiation with the owner.
The class 127/108 has continued to be trouble free.
The class 109 Wickham unit has received extensive overhaul of the braking system on three of its four bogies; it is expected that the outstanding bogie will be completed early in the new year before the commencement of the 2026 timetable.
The restoration of Class 105 trailer 56456 continues at Llangollen, the interior panelling is almost complete, new heater ducting has been installed, the old ducting mysteriously disappeared years ago when the vehicle was stripped of asbestos.
The Class 100 trailer 56097 progresses on the interior restoration at The Midland Railway, Butterley, Consideration is now being given as how to progress the mechanical and electrical restoration. Various members of the fleet benefitted from some rejuvenating of paintwork which had suffered due to weather, contact with vegetation etc.
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LLANGOLLEN RAILCARS LIMITED
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2025
Financial review
Train hire income was reduced on the previous year at £32,354.58, this was due to aforementioned reduction in the number of running days. First class supplements have decreased bringing in £3,063.97 other donations including monthly donations by members brought in £1,521.70.
Again, our biggest expense this year was fuel although the price remained stable this year and we have not raised our mileage fees since January 2024. The restoration projects as stated previously have been funded as the work progresses and there has been continued investment in depot equipment and facilities. One example of this is the replacement of the cctv system after a local lightning strike disabled the complete system, surge protection has now been fitted to prevent a repeat of this.
We finished the year with a net profit of £7,016.33 We have built up savings again this year with a view to future
expenditure on the class 100 trailer car and class 105 trailer car in particular.
2025 was again a remunerative year and the Board of Trustees believe that they have used this to the best advantage of LRL. We believe that the Llangollen Railway Trust have indicated that they are happy with what we provide and will in the foreseeable future continue to avail themselves of our services and support our efforts.
The charity's policy is to maintain unrestricted funds of between three and six months’ expenditure in cash or equivalents and a reserve account holding approximately six months’ operating costs as last year. This ensures that, in the event of a significant drop in funding, the charity’s current activities can continue while additional funds are raised. This level of reserves has been maintained throughout the year. The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the risks identified.
The trustees have 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.
Looking forward
The Llangollen Railway's operations have generally continued with the traction policy put in place when the Llangollen Railway Trust took over from the PLC, and far more attention is still being paid to the profitability of its operations.
The value of our offering has benefitted us enormously, and also LRT as well; this is likely to continue for a number of years.
The Trustees would like to thank all the volunteers in the Llangollen Railcars Ltd, who have ensured that we have been able to provide the services requested in 2025.
We have managed to recruit some new volunteers which will hopefully guarantee the continuance of Llangollen Railcars Ltd further into the future.
Structure, governance and management
The charity is a company limited by guarantee and was incorporated on 16th February 2007. The incorporated charity began trading on 1st December 2007.
The Chairman of the Board of Trustees was indisposed from February to July due to personal circumstances so Dewi H. Davies (Finance Trustee) agreed to take on the role of acting chairman in the interim. Trust Secretary Ian Bradbury agreed to be co-opted onto the Board in order to ensure the availability of a quorum for board meetings as a purely temporary measure. He resigned from the Board at the 2025 AGM but continues in the role of Trust and Company Secretary.
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 of the financial statements were:
Mr Benn Pollard
Mr Adam Boddy Mr George Fletcher Mr Dewi Davies
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LLANGOLLEN RAILCARS LIMITED
TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 NOVEMBER 2025
The Charity has four trustees - half of whom must retire by rotation each year. Appointment or re-appointment of trustees is on a one member one vote basis at the Annual General Meeting each year. Vacancies are advertised amongst the members.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £10 in the event of the Charity being wound-up or dissolved.
The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (http://www.promptpaymentcode.org.uk/).
The company's current policy concerning the payment of trade creditors is to:
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settle the terms of payment with suppliers when agreeing the terms of each transaction;
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pay in accordance with the company's contractual and other legal obligations.
Trade creditors of the company at the year end were equivalent to seventeen days' purchases, based on the average daily amount invoiced by suppliers during the year.
There are no related parties other than the trustees.
There are no related parties other then the trustees.
The trustees' report was approved by the Board of Trustees.
Mr Adam Boddy Trustee Dated: 5 August 2026
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LLANGOLLEN RAILCARS LIMITED
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LLANGOLLEN RAILCARS LIMITED
I report to the trustees on my examination of the financial statements of Llangollen Railcars Limited (the charity) for the year ended 30 November 2025.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Samantha Jones FCCA, ACA
Morris Cook 6 Salop Road Oswestry Shropshire SY11 2NU 10 August 2026
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LLANGOLLEN RAILCARS LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 NOVEMBER 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 4,586 | 5,913 |
| Charitable activities | 4 | 32,355 | 36,584 |
| Other trading activities | 5 | - | 1 |
| Investments | 6 | 714 | 586 |
| Total income | 37,655 | 43,084 | |
| Expenditure on: | |||
| Charitable activities | 7 | 30,639 | 33,320 |
| Total expenditure | 30,639 | 33,320 | |
| Net income and movement in funds | 7,016 | 9,764 | |
| Reconciliation of funds: | |||
| Fund balances at 1 December 2024 | 277,646 | 267,882 | |
| Fund balances at 30 November 2025 | 284,662 | 277,646 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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LLANGOLLEN RAILCARS LIMITED
BALANCE SHEET
AS AT 30 NOVEMBER 2025
| Notes Fixed assets Tangible assets 13 Current assets Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current assets Total assets less current liabilities The funds of the charity Unrestricted funds 16 |
2025 £ - 72,737 72,737 (2,296) |
£ 214,221 70,441 284,662 284,662 284,662 |
2024 £ 279 57,106 57,385 (2,901) |
£ 223,162 54,484 |
|---|---|---|---|---|
| 277,646 | ||||
| 277,646 | ||||
| 277,646 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 November 2025.
The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements 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 financial statements, so far as applicable to the company.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 5 August 2026
Mr Adam Boddy Trustee
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LLANGOLLEN RAILCARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2025
1 Accounting policies
Charity information
Llangollen Railcars Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is The Station, Abbey Road, Llangollen, Denbighshire, LL20 8SN.
1.1 Basis of preparation
The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Income is derived from hire charges to the railways and donations. General donations are all treated as unrestricted and do not specifically relate to any purpose.
1.5 Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Charitable activities expenses are those costs incurred in the hire of the trains to the railways.
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LLANGOLLEN RAILCARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025
1 Accounting policies
(Continued)
Fundraising trading costs are those incurred in the hire of trains to the railways.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Tangible fixed assets are stated at cost less depreciation.No depreciation is charged on an asset under restoration. 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:
Rail Vehicles Under Restoration Not Depreciated Rail Vehicles in Use 4% Straight Line Ferry Vans 4% Straight Line Spare Parts 4% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
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LLANGOLLEN RAILCARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025
1 Accounting policies
(Continued)
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Donations and gifts | 4,586 | 5,913 |
| Donations and gifts | ||
| Other | 4,586 | 5,913 |
| 4,586 | 5,913 | |
| Income from charitable activities | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Charitable Activities | ||
| Sale of goods | 32,355 | 36,584 |
4 Income from charitable activities
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LLANGOLLEN RAILCARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025
5 Income from other trading activities
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Other income | - | 1 | |
| 6 | Income from investments | ||
| Unrestricted | Unrestricted | ||
| funds | funds | ||
| 2025 | 2024 | ||
| £ | £ | ||
| Interest receivable | 714 | 586 | |
| 7 | Expenditure on charitable activities |
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Direct costs | ||
| Depreciation and impairment | 10,261 | 10,222 |
| Fuel | 7,439 | 6,029 |
| Lubricants | 835 | 1,038 |
| Parts | 6,315 | 7,807 |
| Other expenses | 2,423 | 1,767 |
| Storage charges | 680 | 1,120 |
| Charitable expenditure heading 8 | 965 | 2,306 |
| 28,918 | 30,289 | |
| Share of support and governance costs (see note 8) | ||
| Support | 611 | 589 |
| Governance | 1,110 | 2,442 |
| 30,639 | 33,320 | |
| Analysis by fund | ||
| Unrestricted funds | 30,639 | 33,320 |
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LLANGOLLEN RAILCARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025
8 Support costs allocated to activities
| Postage and stationery Website hosting Governance costs Analysed between: Unrestricted funds 9 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets |
2025 £ 67 544 1,110 1,721 1,721 2025 £ - 10,261 |
2024 £ 48 541 2,442 |
|---|---|---|
| 3,031 | ||
| 3,031 | ||
| 2024 £ - 10,222 |
10 Trustees
None of the trustees (or any persons connected with them) received any remuneration during the year.
11 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
| There were no employees whose annual remuneration was more than £60,000. |
Remuneration of key management personnel
12 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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LLANGOLLEN RAILCARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025
| 13 Tangible fixed assets Rail Vehicles Under Restoration Rail Vehicles in Use Ferry Vans £ £ £ Cost At 1 December 2024 130,459 205,589 4,224 Additions 350 397 200 At 30 November 2025 130,809 205,986 4,424 Depreciation and impairment At 1 December 2024 5,970 137,665 1,009 Depreciation charged in the year - 8,240 177 At 30 November 2025 5,970 145,905 1,186 Carrying amount At 30 November 2025 124,839 60,081 3,238 At 30 November 2024 124,489 67,925 3,215 14 Debtors Amounts falling due within one year: Trade debtors 15 Creditors: amounts falling due within one year Other taxation and social security Accruals and deferred income |
Spare Parts £ 45,706 373 46,079 18,172 1,844 20,016 26,063 27,533 2025 £ - 2025 £ 1,036 1,260 2,296 |
Total £ 385,978 1,320 |
|---|---|---|
| 387,298 | ||
| 162,816 10,261 |
||
| 173,077 | ||
| 214,221 | ||
| 223,162 | ||
| 2024 £ 279 |
||
| 2024 £ 1,326 1,575 |
||
| 2,901 |
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LLANGOLLEN RAILCARS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2025
16 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 | Incoming | Resources | At 30 | |
|---|---|---|---|---|
| December | resources | expended | November | |
| 2024 | 2025 | |||
| £ | £ | £ | £ | |
| General funds | 277,646 | 37,655 | (30,639) | 284,662 |
| Previous year: | At 1 | Incoming | Resources | At 30 |
| December | resources | expended | November | |
| 2023 | 2024 | |||
| £ | £ | £ | £ | |
| General funds | 267,882 | 43,084 | (33,320) | 277,646 |
17 Related party transactions
Transactions with related parties
During the year the charity entered into the following transactions with related parties: There were no donations made to the company by Trustees. (2024 £0.00)
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