OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

The Class 37 Locomotive Group TAR 2021/2022

Class 37 Locomotive Group Accounts Financial Year 2021/2022

Balance 31 March 2021 £36,494.12
Income Sales £95,565.58
Membership Subs £2,119.36
Donatons £4,064.84
Other income £1,435.84
Draw subs £4,122.83
Total £107,308.45
Outgoings Direct Expenses
Cost of Sales - Goods £80,710.36
Printng Costs £224.02
Purchase Discounts -£4,674.35
Locomotve Repairs £54,049.25
BYOT Prize £874.55
Other Distributon Expenses £199.91
Postage and Carriage £3,588.52
Business Insurance £900.52
Bank Charges and Interest -£18.00
VAT Paid £1,116.93
£136,971.71
Total
Decrease in funds -£29,663.26
Balance 31 March 2022 £6,830.86

Treasurer’s Report

This has been a difficult year for the group in terms of fundraising efforts for the repair of our locomotive. Ironically the ending of the lockdown restrictions has meant that our principal source of income, the sale of model locomotives and associated items, has suffered as a result of the restored freedoms. The outlook remains challenging for a whole host of widely documented but entirely external influences. The group entered the new financial year without debt and with the established sales function in place.