``` REGISTERED COMPANY NUMBER: 06609149 (England and Wales) REGISTERED CHARITY NUMBER: 1128431 ``` ``` Report of the Trustees and ``` ``` Unaudited Financial Statements ``` ## **`for the Year Ended 30 June 2025`** ``` for ``` ``` WHITWELL & REEPHAM RAILWAY PRESERVATION SOCIETY LTD ``` ``` Quinneys Chartered Certified Accountants Saxon House Hellesdon Park Road Norwich Norfolk NR6 5DR ``` ``` WHITWELL & REEPHAM RAILWAY PRESERVATION SOCIETY LTD ``` ``` Contents of the Financial Statements FOR THE YEAR ENDED 30 JUNE 2025 ``` ||**`Page`**| |---|---| |**`Report of the Trustees`**|`1 to 3`| |**`Independent Examiner's Report`**|`4`| |**`Statement of Financial Activities`**|`5`| |**`Balance Sheet`**|`6 to 7`| |**`Notes to the Financial Statements`**|`8 to 15`| ## **`WHITWELL & REEPHAM RAILWAY PRESERVATION SOCIETY LTD (REGISTERED NUMBER: 06609149)`** ## **`Report of the Trustees FOR THE YEAR ENDED 30 JUNE 2025`** ``` ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report with the financialstatementsof the charityfor the year ended 30 June 2025. The trustees have adoptedthe provisions of AccountingandReportingby Charities:Statementof RecommendedPracticeapplicableto charitiespreparing their accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Public benefit`** ``` The charitable company's objectives and activities are:- ``` ``` ThepreservationandconservationforthebenefitofthepublicofthehistoricWhitwellStation,Norfolkand its surroundings, its structures, associated rolling stock and history. ``` ``` ToadvancetheeducationofthepublicinthehistoryanddevelopmentofWhitwellStation,Norfolkand its surroundings. ``` ``` Thetrusteesconfirmthattheyhavecompliedwiththerequirementsofsection17oftheCharitiesAct2011to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. ``` ## **`FINANCIAL REVIEW`** ## **`Financial highlights`** ``` The financialstatementsare set out on pages 5 to 15. Total income for the year amountedto £56,774(2024: £49,465) andtotalexpenditureamountedto£50,480(2024:£62,923).Netmovementinfundstotalled£6,294(2024 : £(13,458)). ``` ``` During the year the charitable company welcomed approximately 120,000 visitors to its site (2024: 102,000). ``` ## **`Reserves policy`** ``` The trustees have decided to hold sufficient unrestrictedreserves to meet two years of charitableexpenditure.This will beheldtoensuresitedevelopmentcanbecompleted.Additionally,inviewofthecurrenteconomicsituation and pressureonhouseholdincomes,whichmayhavea detrimentalimpactonfutureincome,thiswillprovidea buffer to allow timely decision-making regarding strategy. ``` ``` The unrestrictedfundbalanceat the year end was £94,725(2024:£96,316)and includedwithinthis are cashfunds of £10,486 (2024: £9,688). ``` ``` Therestrictedfundbalanceattheyearendwas£15,857(2024:£7,972),representingdonationsraisedtowards the renovation/maintenance of specific items of rolling stock and site maintenance. ``` ## **`Going concern`** ``` In common with many charities,fundraisingis an issue to be confronted.However, this year's activityshows that there is continuinggoodwilltowardstheprojectbymanypeoplein botha financialandpracticalway.Trusteesare hopeful that this will continue. ``` ``` Lookingfurtherahead,ownershipofthesiteposesachallenge.Thesiteisownedbyapensionfundofwhichone of the trustees, Mr M F Urry, is a beneficiary.When the charitablecompany was establishedthe intentionwas that a long leasewouldbeestablished,providingsomesecurityoftenureuntilthesocietywasinapositiontopurchasethe site outright The Trustees are currently negotiating a new lease ro replace the previous lease which expired in 2025. ``` ``` Page 1 ``` ## **`WHITWELL & REEPHAM RAILWAY PRESERVATION`** ## **`SOCIETY LTD (REGISTERED NUMBER: 06609149)`** ## **`Report of the Trustees FOR THE YEAR ENDED 30 JUNE 2025`** ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` Whitwell & Reepham Railway PreservationSociety Ltd is a charitablecompany limited by guarantee,incorporatedon 3 June2008andregisteredasacharityon2March2009.ThecompanywasestablishedunderaMemorandum of AssociationwhichestablishedtheobjectsandpowersofthecharitablecompanyandisgovernedbyitsArticles of Association.Intheeventofthecompanybeingwouldup,membersarerequiredtocontributeanamount not exceeding £1. ``` ``` At 30 June 2025 there were six such members. ``` ## **`Recruitment and appointment of new trustees`** ``` ThetotalnumberofBoardMembersshallnotbelessthanone.Thereisnomaximum.Thecharitymayfromtime to time increaseor decreasethe numberof BoardMembersby appointmentat a generalmeetingheld by the members. The Trustees will from time to time appointpeople with specific skills to fulfill specific projects.Those people would be entitled to attend management meetings. ``` ## **`Related parties`** ``` Details of related parties is given in Note 18 of the financial statements. ``` ## **`Risk management`** ``` HM Inspector of Railways and Broadland District Council ``` ``` Thetrusteeshaveduringtheyearreviewedthemajorriskstowhichthecharityisexposedandhave established systemstomitigatethoserisks.AllrecommendationsfromHMInspectorofRailwaysandBroadlandDistrict Council have been implemented or plans are in place to ensure full compliance. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`** ``` 06609149 (England and Wales) ``` ## **`Registered Charity number`** ``` 1128431 ``` ## **`Registered office`** ``` Saxon House Hellesdon Park Road Drayton High Road Norwich Norfolk NR6 5DR ``` ## **`Trustees`** ``` M F Urry Director Mrs D E Urry Director R J Bailey Director R Ewles Director L J Turner P J Stead ``` ## **`Company Secretary`** ``` M F Urry ``` ``` Page 2 ``` ## **`WHITWELL & REEPHAM RAILWAY PRESERVATION SOCIETY LTD (REGISTERED NUMBER: 06609149)`** ## **`Report of the Trustees FOR THE YEAR ENDED 30 JUNE 2025`** ## **`REFERENCE AND ADMINISTRATIVE DETAILS`** ## **`Independent Examiner`** ``` Quinneys Chartered Certified Accountants Saxon House Hellesdon Park Road Norwich Norfolk NR6 5DR ``` ``` Approved by order of the board of trustees on 31 March 2026 and signed on its behalf by: ``` ``` M F Urry - Trustee ``` ``` Page 3 ``` ## **`Independent Examiner's Report to the Trustees of Whitwell & Reepham Railway Preservation Society Ltd`** ## **`Independent examiner's report to the trustees of Whitwell & Reepham Railway Preservation Society Ltd ('the Company')`** ``` I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2025. ``` ## **`Responsibilities and basis of report`** ``` As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). ``` ``` Having satisfied myself that the accountsof the Company are not required to be audited under Part 16 of the 2006 Act andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examinationI have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the examination giving me cause to believe: ``` `1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or` `4. the accounts 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 accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` M W M Lamb FCCA ``` ``` Quinneys Chartered Certified Accountants Saxon House Hellesdon Park Road Norwich Norfolk NR6 5DR ``` ``` 31 March 2026 ``` ``` Page 4 ``` ## **`WHITWELL & REEPHAM RAILWAY PRESERVATION SOCIETY LTD`** ## **`Statement of Financial Activities FOR THE YEAR ENDED 30 JUNE 2025`** |`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`21,910`
`Other trading activities`
`3`
`22,394`
`Investment income`
`4`
`-`
**`Total`**
`44,304`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Charitable activites`
`45,895`
**`NET INCOME/(EXPENDITURE)`**
`(1,591)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`96,316`
**`TOTAL FUNDS CARRIED FORWARD`**
`94,725`|`Restricted`
`fund`
`£`
`11,916`
`-`
`554`
`12,470`
`4,585`
`7,885`
`7,972`
`15,857`|`2025`
`Total`
`funds`
`£`
`33,826`
`22,394`
`554`
`56,774`
`50,480`
`6,294`
`104,288`
`110,582`|`2024`
`Total`
`funds`
`£`
`30,040`
`19,158`
`267`
`49,465`
`62,923`
`(13,458)`
`117,746`
`104,288`| |---|---|---|---| ``` The notes form part of these financial statements ``` ``` Page 5 ``` ## **`WHITWELL & REEPHAM RAILWAY PRESERVATION SOCIETY LTD (REGISTERED NUMBER: 06609149)`** ## **`Balance Sheet 30 JUNE 2025`** |`Unrestricted`
`fund`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`9`
`182,138`
`Investments`
`10`
`1`
`182,139`
**`CURRENT ASSETS`**
`Stocks`
`11`
`2,000`
`Debtors`
`12`
`7,792`
`Cash at bank`
`10,486`
`20,278`
**`CREDITORS`**
`Amounts falling due within one year`
`13`
`(97,541)`
**`NET CURRENT ASSETS`**
`(77,263)`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`104,876`
**`CREDITORS`**
`Amounts falling due after more than one year`
`14`
`(10,151)`
**`NET ASSETS`**
`94,725`
**`FUNDS`**
`17`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Restricted`
`fund`
`£`
`-`
`-`
`-`
`-`
`-`
`15,857`
`15,857`
`-`
`15,857`
`15,857`
`-`
`15,857`|`2025`
`Total`
`funds`
`£`
`182,138`
`1`
`182,139`
`2,000`
`7,792`
`26,343`
`36,135`
`(97,541)`
`(61,406)`
`120,733`
`(10,151)`
`110,582`
`94,725`
`15,857`
`110,582`|`2024`
`Total`
`funds`
`£`
`190,814`
`1`
`190,815`
`2,000`
`5,614`
`17,660`
`25,274`
`(99,110)`
`(73,836)`
`116,979`
`(12,691)`
`104,288`
`96,316`
`7,972`
`104,288`| |---|---|---|---| ``` The charitablecompanyis entitledto exemptionfrom audit under Section 477 of the CompaniesAct 2006 for the year ended 30 June 2025. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006. ``` ``` The trustees acknowledge their responsibilities for ``` - `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and` - `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each 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 charitable company.` ``` The notes form part of these financial statements ``` ``` continued... ``` ``` Page 6 ``` ## **`WHITWELL & REEPHAM RAILWAY PRESERVATION SOCIETY LTD (REGISTERED NUMBER: 06609149)`** ## **`Balance Sheet - continued 30 JUNE 2025`** ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies subject to the small companies regime. ``` ``` The financialstatementswere approved by the Board of Trustees and authorisedfor issue on 31 March 2026 and were signed on its behalf by: ``` ``` M F Urry - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 7 ``` ``` WHITWELL & REEPHAM RAILWAY PRESERVATION SOCIETY LTD ``` ## **`Notes to the Financial Statements FOR THE YEAR ENDED 30 JUNE 2025`** ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been prepared in accordancewith the Charities SORP (FRS 102) 'Accountingand Reportingby Charities:Statement of RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the CompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention, with the exception of investments which are included at market value. ``` ## **`Income`** ``` All income is recognised in the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is probable that the income will be received and the amount can be measured reliably. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis andhasbeenclassifiedunderheadingsthataggregateallcostrelatedto thecategory.Wherecostscannot be directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the use of resources. ``` ## **`Depreciation and amortisation`** ``` Depreciationis providedat the followingannualratesin order to write off each assetover its estimated useful life. ``` - `Freehold property over 10 years` - `Plant, machinery and equipment over 10 years` - `Computer equipment over 3 years` ``` Rolling stock is not depreciatedas it is maintainedso that the trustees believe that the value will at least equate to originalcost/value.Memorabiliacollectionsare notdepreciatedas theirvaluewill be at leastequalto their original valuation. ``` ## **`Stocks`** ``` Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsolete and slow moving items. ``` ## **`Taxation`** ``` The charity is exempt from corporation tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ``` ``` continued... ``` ``` Page 8 ``` ## **`WHITWELL & REEPHAM RAILWAY PRESERVATION SOCIETY LTD`** ## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2025`** ## **`2. DONATIONS AND LEGACIES`** |`Donations`
`Gift aid`
`Grants`
`Subscriptions`
`Grants received, included in the above, are as follows:`
`Other grants`
**`3.`**
**`OTHER TRADING ACTIVITIES`**
`Fundraising events`
`Glass recycling`
`Sale of scrap metal and other surplus assets`
**`4.`**
**`INVESTMENT INCOME`**
`Deposit account interest`
**`5.`**
**`NET INCOME/(EXPENDITURE)`**
`Net income/(expenditure) is stated after charging/(crediting):`
`Depreciation - owned assets`|`2025`
`£`
`18,161`
`2,036`
`9,319`
`4,310`
`33,826`
`2025`
`£`
`9,319`
`2025`
`£`
`10,084`
`203`
`12,107`
`22,394`
`2025`
`£`
`554`
`2025`
`£`
`9,509`|`2024`
`£`
`16,412`
`1,718`
`7,245`
`4,665`| |---|---|---| |||`30,040`| |||`2024`
`£`
`7,245`
`2024`
`£`
`12,815`
`138`
`6,205`| |||`19,158`| |||`2024`
`£`
`267`
`2024`
`£`
`10,746`| ``` continued... ``` ``` Page 9 ``` ## **`WHITWELL & REEPHAM RAILWAY PRESERVATION SOCIETY LTD`** ## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2025`** ## **`6. TRUSTEES' REMUNERATION AND BENEFITS`** ``` There were no trustees' remunerationor other benefits for the year ended 30 June 2025 nor for the year ended 30 June 2024. ``` ## **`Trustees' expenses`** ``` There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024. ``` ## **`7. STAFF COSTS`** ``` The average monthly number of employees during the year was as follows: ``` ## **`8.`** |`Trustees/Directors`
`No employees received emoluments in excess of £60,000.`
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
`Unrestricted`
`fund`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`26,904`
`Other trading activities`
`19,158`
`Investment income`
`-`
**`Total`**
`46,062`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Charitable activites`
`59,743`
**`NET INCOME/(EXPENDITURE)`**
`(13,681)`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`109,997`
**`TOTAL FUNDS CARRIED FORWARD`**
`96,316`|`2025`
`6`
`Restricted`
`fund`
`£`
`3,136`
`-`
`267`
`3,403`
`3,180`
`223`
`7,749`
`7,972`|`2024`
`6`
`Total`
`funds`
`£`
`30,040`
`19,158`
`267`
`49,465`
`62,923`
`(13,458)`
`117,746`
`104,288`| |---|---|---| ``` continued... ``` ``` Page 10 ``` ## **`WHITWELL & REEPHAM RAILWAY PRESERVATION SOCIETY LTD`** ## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2025`** ## **`9. TANGIBLE FIXED ASSETS`** |**`COST`**
`At 1 July 2024`
`Additions`
`At 30 June 2025`
**`DEPRECIATION`**
`At 1 July 2024`
`Charge for year`
`At 30 June 2025`
**`NET BOOK VALUE`**
`At 30 June 2025`
`At 30 June 2024`
**`COST`**
`At 1 July 2024`
`Additions`
`At 30 June 2025`
**`DEPRECIATION`**
`At 1 July 2024`
`Charge for year`
`At 30 June 2025`
**`NET BOOK VALUE`**
`At 30 June 2025`
`At 30 June 2024`|`Fixtures`
`and`
`fittings`
`£`
`3,969`
`-`
`3,969`
`3,387`
`138`
`3,525`
`444`
`582`|`Other`
`tangible`
`Freehold`
`fixed`
`property`
`assets`
`£`
`£`
`105,016`
`242,905`
`-`
`833`
`105,016`
`243,738`
`79,293`
`80,914`
`5,285`
`3,547`
`84,578`
`84,461`
`20,438`
`159,277`
`25,723`
`161,991`
`Motor`
`vehicles`
`Memorabilia`
`£`
`£`
`5,150`
`1,830`
`-`
`-`
`5,150`
`1,830`
`5,150`
`-`
`-`
`-`
`5,150`
`-`
`-`
`1,830`
`-`
`1,830`|`Plant and`
`machinery`
`£`
`11,250`
`-`
`11,250`
`10,562`
`539`
`11,101`
`149`
`688`
`Totals`
`£`
`370,120`
`833`
`370,953`
`179,306`
`9,509`
`188,815`
`182,138`
`190,814`| |---|---|---|---| ``` continued... ``` ``` Page 11 ``` ## **`WHITWELL & REEPHAM RAILWAY PRESERVATION SOCIETY LTD`** ## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2025`** ## **`10. FIXED ASSET INVESTMENTS`** |**`FIXED ASSET INVESTMENTS`**|| |---|---| ||`Shares in`| ||`group`| ||`undertakings`| ||`£`| |**`MARKET VALUE`**|| |`At 1 July 2024 and 30 June 2025`|`1`| |**`NET BOOK VALUE`**|| |`At 30 June 2025`|`1`| |`At 30 June 2024`|`1`| ``` There were no investment assets outside the UK. ``` ``` The investmentis in the charitablecompany'ssubsidiary,WRR LeisureLtd.At 30 June 2025the subsidiary had netliabilitiesof£247(2024:assets£693)andintheyearended30June2025madealossof£940 (2024: £124). ``` ## **`11. STOCKS`** |`Stocks`
**`12.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
`Other debtors`
**`13.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Bank loans and overdrafts (see note 15)`
`Other loans (see note 15)`
`Trade creditors`
`VAT`
`Trustees current accounts`
`Accruals and deferred income`|`2025`
`£`
`2,000`
`2025`
`£`
`7,592`
`200`
`7,792`
`2025`
`£`
`-`
`9,180`
`11,184`
`15,875`
`56,563`
`4,739`
`97,541`|`2024`
`£`
`2,000`
`2024`
`£`
`3,108`
`2,506`
`5,614`
`2024`
`£`
`164`
`6,840`
`16,293`
`14,512`
`56,563`
`4,738`|`2024`
`£`
`2,000`| |---|---|---|---| ||||`2024`
`£`
`3,108`
`2,506`| ||||`5,614`| |||`99,110`|| ``` Trusteescurrentaccountsarerepresentedbyamountsduetothecharitablecompany'ssubsidiaryandto MF Urry, a trustee. Further details are given in note 18. ``` ``` continued... ``` ``` Page 12 ``` ## **`WHITWELL & REEPHAM RAILWAY PRESERVATION SOCIETY LTD`** ## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2025`** ## **`14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`** |`Accruals and deferred income`
**`15.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`Amounts falling due within one year on demand:`
`Bank overdrafts`
`Other loans`
**`16.`**
**`LEASING AGREEMENTS`**
`Minimum lease payments under non-cancellable operating leases fall due as follows:`
`Within one year`
`Between one and five years`
**`17.`**
**`MOVEMENT IN FUNDS`**
`At 1.7.24`
`£`
**`Unrestricted funds`**
`General fund`
`96,316`
**`Restricted funds`**
`General fund`
`7,972`
**`TOTAL FUNDS`**
`104,288`|`2025`
`£`
`10,151`
`2025`
`£`
`-`
`9,180`
`9,180`

`2025`
`£`
`6,800`
`-`
`6,800`
`Net`
`movement`
`in funds`
`£`
`(1,591)`
`7,885`
`6,294`|`2024`
`£`
`12,691`
`2024`
`£`
`164`
`6,840`
`7,004`
`2024`
`£`
`6,800`
`6,800`
`13,600`
`At`
`30.6.25`
`£`
`94,725`
`15,857`|`2024`
`£`
`12,691`|`2024`
`£`
`12,691`| |---|---|---|---|---| |||||`2024`
`£`
`164`
`6,840`| |||||`7,004`| |||||`2024`
`£`
`6,800`
`6,800`| ||||`13,600`|| |||`110,582`||| ``` continued... ``` ``` Page 13 ``` ## **`WHITWELL & REEPHAM RAILWAY PRESERVATION SOCIETY LTD`** ## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2025`** ## **`17. MOVEMENT IN FUNDS - continued`** ``` Net movement in funds, included in the above are as follows: ``` ||`Incoming`|`Resources`|`Movement`| |---|---|---|---| ||`resources`|`expended`|`in funds`| ||`£`|`£`|`£`| |**`Unrestricted funds`**|||| |`General fund`|`44,304`|`(45,895)`|`(1,591)`| |**`Restricted funds`**|||| |`General fund`|`12,470`|`(4,585)`|`7,885`| |**`TOTAL FUNDS`**|`56,774`|`(50,480)`|`6,294`| ## **`Comparatives for movement in funds`** |`At 1.7.23`
`£`
**`Unrestricted funds`**
`General fund`
`109,997`
**`Restricted funds`**
`General fund`
`7,749`
**`TOTAL FUNDS`**
`117,746`
`Comparative net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`46,062`
**`Restricted funds`**
`General fund`
`3,403`
**`TOTAL FUNDS`**
`49,465`|`Net`
`movement`
`At`
`in funds`
`30.6.24`
`£`
`£`
`(13,681)`
`96,316`
`223`
`7,972`
`(13,458)`
`104,288`
`Resources`
`Movement`
`expended`
`in funds`
`£`
`£`
`(59,743)`
`(13,681)`
`(3,180)`
`223`
`(62,923)`
`(13,458)`| |---|---| ``` continued... ``` ``` Page 14 ``` ## **`WHITWELL & REEPHAM RAILWAY PRESERVATION SOCIETY LTD`** ## **`Notes to the Financial Statements - continued FOR THE YEAR ENDED 30 JUNE 2025`** ## **`17. MOVEMENT IN FUNDS - continued`** ``` A current year 12 months and prior year 12 months combined position is as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`General fund`
**`TOTAL FUNDS`**|`At 1.7.23`
`£`
`109,997`
`7,749`
`117,746`|`Net`
`movement`
`in funds`
`£`
`(15,272)`
`8,108`
`(7,164)`|`At`
`30.6.25`
`£`
`94,725`
`15,857`| |---|---|---|---| ||||`110,582`| ``` Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above are as follows: ``` ||`Incoming`|`Resources`|`Movement`| |---|---|---|---| ||`resources`|`expended`|`in funds`| ||`£`|`£`|`£`| |**`Unrestricted funds`**|||| |`General fund`|`90,366`|`(105,638)`|`(15,272)`| |**`Restricted funds`**|||| |`General fund`|`15,873`|`(7,765)`|`8,108`| |**`TOTAL FUNDS`**|`106,239`|`(113,403)`|`(7,164)`| ``` The restricted funds are restricted income funds. ``` ## **`18. RELATED PARTY DISCLOSURES`** ``` During the year the charity made the following related party transactions: ``` ## `WRR Leisure Ltd` ``` During the year the charitablecompanyreceived donationsof £Nil (2024: £3,000)from its subsidiary company, WRR LeisureLtd. At the balancesheet date the amountdue to WRR LeisureLtd was £12,529(2024: £12,529). Theloanisinterest-freeandtherearenoformalrepaymentterms.Howevertheintentionisthatthiswill be repaid when funds permit. ``` ## `Mr M F Urry` ``` AtthebalancesheetdatetheamountduetoMrMFUrrywas£44,034(2024:£44,034).Theloan is interest-freeandtherearenoformalrepaymenttermsinplace.Howevertheintentionisthatthiswill be repaid when funds permit. ``` ``` In additiona furthertwo trusteesprovidedservices to the subsidiarycompanyand were paid a total of £29800 in the year. ``` ``` Page 15 ```