2023-03-31-accounts - Llanelli Railway Goods Shed Trust

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

	Page
Report of theTrustem	'ltoz
lndependent Examineds Report	3
Shtement ofFinancialActivities	4
Balance Sheet	5
CashFlorvStatenrent	6
Notes to theGashFlow Statement	7
NoGs totheFiraRgial Statements	I to16
Detailed Statement ofFinalcialActivl6es	17
.j

				2A23	2022
		Unrestricted	Restricted	Total	Total
	Notes	funds €	funds f	funds f	fundst
INCOMEANDENDOWMENTS FROM
Donations and legacies	3	1,900		1,900	5,616
Charitableactivities	6
Charitable		6,548	139,444	145,992	614,242
Other trading ac{ivities	4	1,073		1,073	1,892
lnvestment income	5	2,305	9,158	11,463
Total		11,826	fig,642	160,428	621,754
EXPENDITUREON
Charitableactivities Charitable	7	(1,367)	67,069	65,702	4,406
NET INCOME		13,193	81,533	94,726	617,U4
Transfers betweenfunds	18	u2,4M	(a2,48r')
Netmovement infunds		855,677	(760,951)	94,7ffi	6',t7,W
RECONCILIATION OF FUNDS Tstal fundsbroughtforward		8,:1Sl	831,652	839,813	222,49
TOTALFUNDS CARRIED FORWARD		863,838	70,7A1	934,539	839,813

		31 M	ARCH 2023
					2023	2022
			Unrestricted	Restricted	Total	Total
		Notes	funds t	funds E	funds e	funds €
FIXED ASSETS
Tangible assets		12	15,179		15,179
Heritage assets		13	703,608		703,608	u7,151
lnvestment property		14	191,7M		191,7U
			910,491		910,491	u7,151
EURRENITASSETS
Debtors		15	9,548		9,548	33,500
Cash at bank			15,740	70,701	86,441	29,566
			25,288	74,701	95,989	63,066
CREDITORS
Amounts falling due within oneyear		16	(71,941)		(71,541)	(7O,4c4)
NET CURRENTASSETS			(46,653)	70,701	24,M8	(7,338)
TOTALASSETS LESS CURRENT	LIABILITIES	t	863,838	70,701	934,539	839,813
	a
NETASSETS			863,838	70,701	934,539	839,813
FUNDS		18
Unrestncted funds					863,838	8,161
Restricted funds					70,701	831,652
TOTALFUNDS					934,539	839,813

	CASH FLOW STATEMENT
	FOR THEYEARENDED 31 MARCH	2023
	Notes	2023I	2422 e
Cashflows from operating activities
Cash generated from operations	1	124,215	653,360
Netcash providedbyoperating activities		120,215	653,360
Cashflows from investing activities
Purchaseoftangiblefixed assets		(15,179)
Purchase of heritage assets		(48,161)	(847,150)
Net cash usedininvesting activities		(63,340)	(847,150)
Change in cash and cash equivalents	in
thereportingperiod		56,875	(193,790)
Cashand cash eguivalentsatthe
beginning of thereportingperiod		29,566	u3,356
Cashand cash equivalentsatthe end	of
thereporting perio4	-t	86,441	29i566

				. .',,i
	FOR THE YEAR ENDED 31 MARCH 2023
1	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING		ACTMNES
			2A23 c	2022 I
	Het incomeforthereportingpriod(aspertheStatement of Flnancial
	Ac'tMties)		94,726	617,U4
	Adiustmentsfor:
	Decrease{increase}indebtors		23,952	(32,388)
	lncreaseincreditors		1,537	68,404
	Netcashprovidedbyoperations		120,215	653,360
2.	ANALYSISOF CHANGES IN NET FUNDS
	At	1.4.22	Cashflotrtr	Ar31.3.23
		t	I	c
	Netcash
	Cash at bank	29,566	56,875	86,441
		29,566	56,875	86,M1
	Total	29,566	56,875	86,M1

3.	DONATIOIISAI{DLEGACIES
	Donations Memberssubscriptions		2423 t8 1,835 65	2022 5,551 65
			lf00	5,619
4.	OTHER TRADING ACTIVITIES
	-{		2423 €	2022 f
	Fundraising events		863	519
	RoomHire		210	1,373
			1,073	1,892
5.	INVESTMENT INCOME
			2423 f	2422 f
	Rents received	t	11,463 :
6.	INCOME FROMCHARITABLEACTIVITIES
	Activity		2023t	2022 E
	Grants Charitable		145,992	6',t4,242
	Grants received, inctudedinthe above, areasfollows:
	'ln		2023 t	2022t
	Railwgy Heritage TrustGrant			390,000
	Carmarthenshire County Gouncil		25,552	152,350
	PostcodeLotteryGrant			9,S56
	Pilgrim Trust Grant			20,000
	Great Westem Rail Grant			15,936
	RiinCommunity Fund			1,000
	Welsh Govemment CADW		50,000	25,000
	Asda		600
	Moondance		20,u0
	National Lottery Heritage Fund€lacesfor nature		49,000
			145,992	614,242

7.	GHARITABLE ACTIVITIES COSTS
			Support
		Direct	costs (see
		Gosts €	note 8) f	Totals €
	Charitable	63,436	:266_	65,7A2
8.	SUPPORTCOSTS

	There werenotrustees' expensgqpaid	for the year ended 31 March 2023nor fortheym	ended 31 Mar	ch 2022.
10.	STAFFCOSTS	-i
			2023	2022
			€	€
	Wages and salaries		23,174	1,481
			23,174	1,481
	The average monthly numberofemployees during the year wasasfollows:
			2023	2022
	Administration	.t	2	1 :
		&
	No employees received emolumentsin	excessoff60,fi$.
11,	COMPARATIVES FOR THE STATEMENT OF FINANCIALACIUNES
		Unrestricted	Resticted	Total
	:	funds E	funds f	funds E
	rNcoME ANpENDOWiTENTS FROM
	Donations.and legacies	5,616		5,616
	Ghan'hble ac'tivities
	Charitable		614,242	614,242
	OJhertadingactivities	1,892		1,892
	Total	7,508	614,242	621,750
	EXPENDITURE ON
	Charitableactivities
	Charitable	425	3,981	4,406
	NET INGOME	7,083	610,261	617,344

	NOTES TO THEFINANCIALSTATEMENTS -continued FORTHE YEARENDED 31 MARCH 2023	NOTES TO THEFINANCIALSTATEMENTS -continued FORTHE YEARENDED 31 MARCH 2023
11.	COMPARATIVES FOR THESTATEIUTENTOF FINANCIAL ACTIVITIES-continued
		Unrestricted	Restricted	Total
		funds t	funds t	fundst
	RECONCILIATION OF FUNDS
	Total funds brought forward	1,078	221,351	222,469
	TOTALFUNDS CARRIED FORWARD	8,161	831,652	839,813
12.	TANGIBLEFIXED ASSETS
		lmprovements	Fixtures
		to	and
		property e	fittings €	Totals t
	COST
	Additions	14,087	5,092	15,179
	NETBOOKVALUE
	At 31 March 2023	10,087	5,092	15,179
	At31March2O22
13.	HERITAGE ASSETS
				Total t
	MARKETVALUE
	At1April2022			u7,151
	Additions			4e,161
	Reclassification			uy,704.).
	At 31 March 2023			703,608
		t
	NET BOOKVALUE
	At 31 March 2023			703,608 :
	At 31 March 2022			u7,151

ITTIVESTMENTPROPERTY
	t
FAIRVALUE
Reclassification	191,704
At 31 March 2023	191,704
NETBOOKVALUE
Al31March2023	191,704
At 31 March 2022

			2023 e	2022 t
VAT			358	33,500
Prepayments and accruedinconrii'	-t		9,190
			9,tr8	33,500
CREDITORS:AMOUNTS FALLING	DUEWTHINONEYEAR
			2023 t	2422 t
Other creditors			67,175	55,795
Accrued expenses			4,766	14,609
			71,941	70,404
		t

MOVEMENT IN FUNOS
			Net	Transfers
			movement	between	At
	At'1.4.22 t		infunds f	funds E	31.3.23 t
Unrestrictedfunds
General fund	8,161		13,193	(1,007)	20,u7
Designated Asset Fund Capital				u3,491	u3,491
	8,161		13,193	u2,484	863,838
Restrictedfunds
LlanelliTown Council-Remembrance Day
Events	399		(3se)
Railway Heritage Trust Grant	390,000		(7,813)	(382,187)
Garfield Weston Foundation	74,992			(70,e92)
Carma(henshireCounty Council - Targeted
Regeneration lnvestment progmmme	298,369			(298,369)
Welsh Water Rain Community Fund	1,000		(1,000)
PostcodeCommunigTrust	9,956		(8,236)		720_ 1
Pilgrim Trust Grant	20,000		(20,000)
GreatWestemLimited	15,936			(15,e36)
Welsh Govemment CADW	25,000		50,000	(75,000)
Moondance			24,U0		20,840
National Lottery HeritageFund- Placesfor
Nature			48,141		48,141
	831,652		81,533	(U2,484)	70,701
TOTALFUNDS	839,813		94,726		934,539
Net movementinfunds, includedinthe above areasfollows:
			lncoming	Resources	Movement
Unrestrictedfunds		t	resources t	expended t	infunds E
General fund			11,826	1,367	13,193
Restricdedfunds
Llanelli Town Council-Remembrance Day
Events CarmartheshrireCounty Council Railway Heritage Trust Grant Welsh Water Rain Community Fund PostcodeCrxrmunityTrust PilgrimTrust Grant Welsh Govemment CADW			28, 6; 50,000	(3ee) (28,162\ F,e13) (1,000) (8,236) (20,000)	(3ee) (7,813) (1,000) (8,236) (20,000) 50,@0
Asda			600	(600)
Moondance			20,u0		20,ua
National Lottery HeritageFund- Placesfor
Nature			49,000	(85e)	48,141
			148,602	(67,069)	81,533
TOTALFUNDS			164,428	(65,702)	94,726

Comparativesformovementin	funds
			Net
			mqvement	At
		Alt1.4.21	intunds	31.3.22
		E	e	€
Unrestrictedfunds
General fund		1,078	7,083	8,161
Restrictedfunds
Llanelli Town Council-Remembrance Day
Events		399		399
Railway Heritage Trust Grant			390,000	390,000
Garfield Weston Foundation		70,992		70,992
Carmarthenshire County Council	- Targeted
Regeneration lnvestment programme		150,0m	148,369	298,369
Welsh Water Rain Community Fund			1,000	1,000
Postcode Community Trust			9,956	9,956
Pilgrim Trust Grant			20,000	20,000
Great Westem Limited			15,936	15,936
Welsh Govemment CADW	.t		25,000	25,000
	-t	221,391	610,261	831,652
TOTALFUNDS		222,469	617,344	839,813
Comparative net movementinfunds, includedinthe above areasfollows:
		lncoming	Resources	Morement
		resour@s €	expended t	intunds €
Unrestrictedfunds
General fund	t	7,508	(425)	7,083
Restrictedfunds
Carmailheshire County Council		2,350	(2,350)
Railway Heritage Trust Grant		390,000		390,000
Carmarthenshire County Council	-Targeted
Regeneration lnvestment programme		150,000	(1,631)	148,369
Welsh Water Rain Community Fund		1,000		1,000
Postcode Cornmunity Trust		9,956		9,956
Pilgrim Trust Grant		20,000		20,000
GreatWestenLimited		15,936		15,936
Welsh Govemment CADW		25,000		25,000
		614,242	(3,981)	610,261
TOTALFUNDS		621,750	(4,406)	617,U4

Acunentyear12months and	prioryear12month	s combined position	is asfollows:
			Net	Transfers
			movement	betvyeen	At
		N1.4.21 s	infunds t	funds f	31.3.23 c
Unrestrictedfunds
General fund		1,078	20,276	(1,007)	24347
Designated Asset Fund Capital				w3,491	843,49't
		1,078	24,276	u2,4U	863,838
Restrictedfunds
LlanelliTownCouncil-Remembrance Day
Events		399	(3ee)
Railway Heritage TrustGnant			187 382,	(382,187)
Garfield Weston Foundation		70,992		(70,sez)
CarmarthenshireCoungCouncil - Targeted
Regeneration lnvestmentErogftmme Postcode Community Trust		150,000	148,369 1,720	(298,369_)	1,720
Great Westem Limited			15,936	(15,936)
WelshGovemmentCADW			75,000	(75,000)
Moondance			20,u0		20,uo
National Lottery HeritageFund- PlacesfoF
Nature			48,141		48,141
	;	221,391	691,794	(U2,48r'.)	70,701
TOTALFUNDS		222,469	712,070		934,539

	lncoming resources t	Resources expended €	Movement intunds €
Unrestrictedfunds
General fund	19,334	942	20,276
Restrictedfunds
Llanelli Town Council-Remembrance Day
Events		(3ee)	(3ee)
Carmartheshire County Council	30,512	(30,512)
Railway Heritage Trust Grant	390,000	(7,813)	382,187
Carmarthenshire County Council-Targeted
Regeneration lnvestrnent programme Welsh Water Rain Community Fund	150,000 1,000	(1,631) (1,000)	148,369
Postcode Community Trust	9,956	(8,236)	1,720
Pilgrim Trust Grant	20,000	(20,000)
Great Western Limited	't5,936		'15,936
Welsh Government CADW	75,000		75,000
Asda	600	(600)
Moondance	24,M0		20,840
National Lottery HeritageFund -Placesfor
Nature	49,000	(85s)	48,141
	762,U4	(71,050)	691,794
TOTALFUNDS	782,178	(70,108)	712,070

				t 2023	E 2022
INGOMEANDENDOWMENTS
Donations and legacies
Donations				1,835	5,551
Members subscriptions				65	65
				't,900	5,616
Othertrading activities
Fundraising events				863	519
Room Hire				210	1,373
				1,A73	1,892
lnvestmentincome
Rents received				11,463
Charitableactivities Grants				145,992	614,242
Totalincoming resources	.:!			160,428	621,750
		(
EXPENDITURE
Gharitableactivities
Wages				23,174	1,481
lnsurance				16,325
Gleaning				1,743
Office Running Costs				6,718
Vat recovered				(1,820)
Subscriptions					329
Food				592
Phase1Revenue costs			t	14,500
Capital spend belowf500				2,2U
				63,436	1,810
Supportcosts
Finance
Bank charges					96
Supportcosts
Accountrancyand legal fees				2,266	2,500
Total resources expended				65,702	4,406
Net inconne				94,726	617,344