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2024-03-31-accounts

The Class 37 Locomotive Group TAR 2023/2024

Erinna Lodge

Mattishall Road

East Dereham

DEREHAM

NR20 3BU

Trustees

Trustees are recruited from the ranks of the group’s membership.

Class 37 Locomotive Group Accounts Financial Year 2023/2024

Balance 31 March 2023 £20,626.20
Income Sales £84,686.92
Membership Subs £1,729.83
Donations £2,265.19
Draw Subs £4,194.48
Other income £288.99
Total £93,165.41
Outgoings Cost of Sales - Goods £60,090.43
Printing Costs £511.25
BYOT Prize £760.65
Repairs to Loco £2,959.13
Postage and Carriage £2,878.17
Business Insurance £4,612.00
Miscellaneous Expenses £503.63
Materiel for Loco Repair £416.40
Total £78,085.85
Balance 31 March 2024 £41,059.95
Net Increase in Funds £20,602.20

Treasurer’s Report

The group has been able to pay for some repairs to the locomotive and the engine has now been reunited with the body. The resultant publicity and social media exposure has led to a slight increase in membership. That said, the group still faces a significant challenge to raise the necessary funds to complete the repairs and ‘repatriate’ the loco to the Mid Norfolk Railway at Dereham. Once there, completion of the restoration can take place ‘in house.’

The group entered the new financial year without debt and with the

established sales function and management structures in place.