LLANELU RAILWAY GOODS SHED TRUST TRiisfEE REPORT AND UNAUDrrED FINANcfAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Registered Ch4rity No 1141801 Company No 07583629
LLANELU RAILWAY GOODS SHED TRusr Co14TEPs OF THE FINANCIAL ATEmENTs FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the TruSt&s1r&tL¥s IThJependent Examins Report statement of Financial ktNibe5 B3L7rte Sl ststement of Casfi Row5 )tes to the nandal Statewits 8-16
LLANELU RAILWAY GOODS SHED TRUST REFERENCE AMD ADMINISTRATIVE DALs •rfty Name Llandl Ralway ¢0d5 Shed Trust I141] 07583629 IWlsterèJ In EnW WaS) 24 Harr5 A¥*nue ua¥1 CarmorthShlre S415 3LF AM(Xe J Ikrcia (reSned 1S.11.241 H R Gr Igr 18.10.241 K Hcrt1ge larwnts1 14.3.251 GGPark R W Roper C F Wètson Independent Exarnlners rtered N£countsnts L9 Murray Street Uanemi SAIS
LLANELU RAILWAY GOODS SHED TRusr (A mpanY Ilmltsd by guarantee) TRusfE%S' REPORT FOR ThE YEAR ENDED 31 MARCH 2025 TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 TrtJsts, whDare èlso dlrthrsofthe tharty fortt rrSOf theComp3niesA¢t2006, •re FISe to ryesenttheir re[rt wth the finantial statements of the charity for the year ended 31 Mard) 2025. The financ1415tatnents comply vlith the tharitI Act 2011, iheCompan4e5Act2W6, the Memorandum and Artwes ofAwKk3tion and Accounting and Reporung Charitie%.' Statement of Recornfflended applicable to Chae$ Prepang accounts h attOrdan wth the FInancl Rern9 Sandard aptAlcatle In ttE UK a[ RepU1C of Jrand IW 1021 leffeLtfve L January 2019). OBJECTIVES AND ACTIVMES sl9n1flcantaci1tl£g ènd future plan8 During the year, the G(5 Sheyj has esialll5td tsea5 a valued communty fa1 for Ic(al wrA& Events hève varfed frcth famly fundays, Cer$Ftycdebr3rknns. e4(ng for dder peq)ki Lycllrmj prTrknrKydays, th attentsrKe from 160 to over 3(K). Regjar group5 rnng at the Gwds Shed Sndude a neAlwerS groupi breastteÈdlng supptrt wup. over50s fri&)dship gr(xJp. (raft group and more. Regular room hire tts)kJ"ngs from lotal Cics, thèrlt&¥ ar communty grwps atso feed our dÈNebkyng revenue Strea. Ir nwy cvmmuntty café B rth¥ up and running staffed by pJt tirne em0vee5, thelr salarfes by grants ror part of the year. Vdunteets lead on In our communty garden and womote opwrtunioes for b10dwerty to thrive on the poSt-lu5lol landscare of the grwnds. Voluntsers have a varty of OprxKtunitk available to devew thIIIs d give bath to theircommunty- covering hosPty. hcrtlculture. herywe and hObased (p[XKnItyesfQrvuTrteerS for wrn akndirrfj the site regurtY may tre an 9je. ral volunteers have 9)rE on to ftll time emF4oyment harj galnèj v&Uae ex[ atthÈ 9W. The (JmmvntyfatilibesvfftenhanLÈdttrtsth theLonver5K)n of 8 carrvdgE in the SIOetir9 eco4riendly prL4lu¢ts and cbthes QKch9e sem4 a tircular eLw(rry 8knatir rOSt)F.11 cri5ts for re5thrts. ThLs ComMents the wrrk ofour mnthfy Repalr Café. The Trust undertc(It substantial devdopment %York on Phase 2 of the proj&t is to make the fLdly watwprty ard weatherttyht and 11 sbjnlflcanuy se trÈ area avlatle for enhanco1 comnwnlty fadltiÈS. To that end we comrnwioned an ¥thbknt to wepare detailed des.gns and specfftaborts fadlltatej by a want fr(kn the knhiteLtirdl trlertsge RJtKJ. Grants totalllro £440k towarts Fkna5e 2 usts were awartsj by the Naoonal Htritage Lotsy and Tr£ Welsh Lvernmt Communty FtrryJrarnTne. Ttust pbns tocwnpwe Phase 2 wDrks ty 31 Mèrch 2026, 11 MeanttrTrIVs mryObJ9fr8p?i al prewwng Ihe for the bng term vlill have teen acly"e¥ed. A fiJrther terelt of these wc1ts 111 be to Irease 0pwrtuThts for a WKle rarvJe of events and enhancal communty aoJiwbe5. Using our vdurteers as a Stee grtyjp alg51e communty nNIti. FINANCIAL REVlfW Flnanclal posltlon rtng the finkil year, charity rert a surF4us of £164.28112024.' £103.7151. The unrestrftt8J rewve5at31 March 2025 were £1.163,41612024'. £983,985), these also IndudedesPJnatedeapk& a55ets. The 5tted re5erve5 at 31 March 2025 ¥Ywe £39,11912024'. £54,269), movemt of thL5 baance Is rhe transfer of tritted funds moved to the ¢&gnat&l ast fvr £168,2qO (thr restTKt& fijlS hwe teen spent on ex$ in the Income statemert. The Board ha5 e¥arnined the charws requlrements for re5x Sn res• of the rnalTh to the or9anLsabon. Reserve5 11 t% hdd as wuired to manage opWati(al costs t the key aim of the charity ts to reTr)vats &)ds s bullding resaw will be ub11 as ruIr& b) meet thi5 (tytre. Pagel I
LLAf4ELLI RAILWAY GOODS SHED TRiisr (A MPlV Ilmlted by guarartee) TRusfEES' REPORT FOR TME YEAR ENDED 31 MARCH 2025 srRiicfw GOVERNANCEAND MANAGEMENT Governlng docymgnt ThecharTty Is controlled by fG9)verning ¢lxumen¢ oftsust, and constttutes a Ilmw o)mpanyi limW by&aranree. as deflna by the Compan5 Act 2006. Thedlroftr companyareaLs0 thantytruttsfcrthewrpose50fcharItyL, and In the (nLAtK)ll'5 MewthTrJum arK1 Articks Je kn(Y as Board. s for Board tske at the Ann1 Gewal Nee. NemtÉrs are elertèj to se for a of three yeas, after whth terrn tIEY eligilje tt> seek rdethon. We aim to sure that our Board both reSentarfve of the peOe a)d communtis wth vth(¥n wort and has the rsary comknned skS11s to effedFvely 4wérn the organ&tiOn. TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FIP4ANCIAL sfATEMENrs charty bijstees (who are al the dlrectors of Uanelll RaIlaY &)ods Trust ftr the PUfFcses of company lawl are for prÈpartng a trust&s' arnual report finaal statements in zKcordante wth aprlrab law and iknrted lJ"ngdom Acwunting gandards (United ngdoM Generaltykceptedkn(vJnbng Practitt). Company requires the Tnjstees ro were finanaal 5taknents far th financd year which a trL and fsr vkw of tsE State of the affalrs of the tharItae company as at the balancesheet date and of ts In(vmlw resources and aptatIn of rwurces, IndudlrvJ kncome and expeTrlitur<for Ihe finatKEI year. In prewing te ffnan¢ia statements,the Trustees foNow bgst pr¥trearK1.. sethtsutae accountw apply consthty,. obseve the nEthoJs ar charitsS1)RP,. make Judgents estimates that are reand)and prudent.. Ate aWitatAe UK a(tauntirwJ staardS ha¥t teen fd1(led. subject to any mater1 dEparWrE5 dithed in the firlalS1ant$,.and rxepare the finarKièl siatemg7ts on the Wng ccftsm basls unless r( & (napprewe to rne that comwy will Contin on that b. The TnJstee5 are retle for maintalnkng woper aCcnt rrdS whkh dlOc6e r2a5Dnae acaracyat W bme the finanthal poSin of the charitable cryny to eTrae to eru thèt trt finar&k81 statements compty with the Compan5 Act 2W6. The Tntstees are also rewsSbk for safeguarding awt50f the thantat4e cnmpany arhs herKe for iaknng SOnalIestwS for prevertTon dthbonof fvaud and other The a re¥Dn%t4e for mirtanirrfj prw Kcountlng rérords whlth w50naiAe awjracy at any the finandal wsthon rf the chèritaise company to en8bk them to ewre that the finar1 statements compty the CompanEsAct 2LM)6. The TrLEtees are &so rewnslble forsafeguardingthe asgetsof the (tharthNe ¢ompè)v afK1 herKe for r&wnaUestW5 for the prevent deteLtin of fTrLMI and cther IegUr1e$. This rewt h3s wepared wlth speoal Prov of Part 15 of the Compan$ kn 2(X)6 rdatwg to Sm41 CompaTh Approd ty the ExeoJtfve Committee fh)... 1.1... 2025 and 9nl on ts ithf by.. IDirertorlTrth) Page12
LLAMELU RAILWAY GOODS SHED TRusr (A company lijnlted by guarants•) INDEPENDEKf EXAMINERS REPORT TO THE TRUSTEES OF LLANELU RAILWAY GOODS SHED I rertt0 the dtytrUs examlnthn ofxuunts ofthe company year eThtsJ 31 2025. As the chartys tswtees of the company laNJ atso its dire£tots for the purp of mpanY lawl you are resF¢nsiLle f( the preparan of the Kcourts In acc0th with trÈ reqJ[reMts ofthe Companips 2006 fft 2(Ixs w. Ha¥Ang satlsfièj myseff that the accounts of the tomp3ny afft Mt required to be urth- Part 16 of the 20rffj Att and are ellgltle for [Wdent examinaoon. I rert in reSrt of my e¥2mlnatitin of your charivs accounts as carrd out 5fftn 145 of the OpribesArt(the'2011 ALf). In caryrrfJ out my exarninab J have folknw the Directions o¥ by the CTity Comml&sKin under l4515llbl of the 2011 NLL sin the compan5 gross wKome e¥ceaJ•J £250,t#J) YLW examlner nmJ5t a memberof a listed in section 145 of the 2011 ACL I ccnfirrn that I am qualffied to undertake the examSrthk)n becatjse I am a nmiEr of The Jnstitute of Crtered Attountants in Effji4nd Was, which is one c(the Ited tr#)d$. I havecomrta my examinauon. I cTrifSm that no corrEto mYaOn in wththe examinat¥ 91r¥j me catse to Wieve.. 11} aCcrmbrj rordS were Thjt W in re¥ect Gf the ccffipany as requlred by sectk)n 386 of the 2(M)6 Act; Cf 121 the accounts do not acC(d with those KctyJnbrrfJ re£dS.. or 13) the accounts do not acounting requirwlllrts of seCtn 396 of the 2006 Act other than any requirement that the COurtS gwe a Irue Fairf vth whKFI is not a matter cong(red as part of an ndndent examination,. or 141 the accounts have rnt te prepared In acccfdance byith the methtxJ5 princie5 of bk Staknent of RKommended practice for aco)unlrg and rep)rfang ty chartties applicab to wepariry thwr Kcwnts In alan wth the FLnarKial ReF¥)rtiry gaTrJard ?Wi&le In the UK RepJt4t of Ireland (FRS 1021. I ha%E rK) conwrs and have cowe acr05S M ether mattws In connecuon ¥th eXaMinaU to thth attention sh)uld L dra* in this rw in (rter to a proper und&stalry of itE unts to LE reathed. NKhoLis WthD Ba 0rtered Ittountant Harns Bassett Umlte Oklrtered Auts 19 Murray Street Uandli carnKrthshl S415 IAQ Page13
LLANELU RAILWAY GOODS SHED TRusr (A ¢ompany Ilmlt¢d by guarantse) STATEMEPIT OF FINAI4CXAL ACllVrnES (INCORPORATING AN INCOME AND EXPENDThURE ACCOUPffj FOR THE YEAR ENDED 31 MARCH 2025 Totsl 2025 Totsl 1024 ffund5 funds fvr Donations arK1 legades IncorrE frcrfn charilalAe 5,945 2,767 ¥767 2?12 ?IS.191 217,503 140515 144864 IKome from other tradlr¥J bes Invesbnent income Total inta 23,983 1744 74¢ 37,YO 37,940 49,137 49.137 214191 2B5,371 140.515 199.511 Expendthreon charita 57,974 6ILOI 120M75 63,079 32b 95.$ 1.015 015 ill,090 ii? Totsl 2AOi 63,191 32,fl N•t exp•nthtur• I In¢ome Transfens bew) fvnds Net nwent b) funds 11.191 153.090 164281 (4,1%) 107.909 103,715 168240 1168,2WI 124J41 1124J411 179,431 (Is.1) 120,147 116,432) 103,715 Ret¢+nclUatlw ¢f funds Totsl fund5 brought forward 983.985 54269 1,0¥254 86318 70,701 93•9 Totsl IndS 39,119 1,201535 L034254 The stBternent of finartk11 adiwtres indudas 411 gain5 a[laSSeS jniSed in the year. JI incorne and expd1ture is (krNed frrAn continuir¥J activ. 41Page
LLAMELU IIAILWAY GOODS SHED TRusr (A company Ilmlt¢d by guarart¢e) BALANCE SHEET AT 31 MARCH 2025 2025 Totsi funds 2014 Tatsl TangIb assets Herltage assets InveStmt property 27,+18 974,769 218,L47 1220J63 27A18 974768 21&147 I,22305 13,152 14 213, 1,073,988 rbtors 16 18,1 28,110 46.218 13,685 63.776 Cash at bank 39,119 39.119 67.229 85,337 77.461 Credlb)rs ATrnts falllr#J (Je aftw nvxe than one ar 17 186,4761 {U6N76} 194,5931 IletCVbTemt Il&bllltle• 140,2581 39,119 {l.L39) I,1,105 39.119 1219.214 1,056056 Falling tkn after rre than 116,6891 118,602 } year I,IS3.416 39.119 LX¥535 1,038,254 Funds Unre5trirted funds Resth¢tri fvnds Total fwids 161416 39,119 983,985 54,269 1.038.2Y The charitabk cthnpany is entitkd to from audit 477 rfthe Compans kt 2fTh for the yearended 31 March 2025 have not wuired the obtaln an of its finanoal 5tateTrrt year eThled 31 Marth 2025. in COrdae secth)n 476 d the cpaI5 Act 2rxi6. The trusts a¢*JKWAge thr rWnsI"lty Fff.. engJring that the CtatIe company keeF6 accwn¥ro rdS thatcomrAy 1th Sethm 386 of the Companies Act 2W6; aTh prep3rln9 financ ststements a tnje far the stateof affairs of the charitstrle company as at the end of each finandal and of its [duS or deft for eath financol per Iri acctsrdan %¥ltti the requiremaits of sect5 394 ar 395 and whlch othe4$e tomrty syth the NUIr of CLThpanE5 kt 21)06 rekting to financ1 statemts, so far as applKatle to chariiabk company. These flnanul siatwnents have tw prepar in OC(wdar wth the speoal pThionS of part 15 of the Companles kt 2006 relatlng ro Smll atatAe Ctsnpa)s aThl the fin(la1 Strrt In the UK and Retthllc of Irthnd IFRS 1021 leffedlve l January 20191- 51Page
LLANtLU RAILWAY GOODS SHED TRUST (A compny Ilmlted by 9u•rnntee) LANCE SHEAT 31 MARCH 2025 The finarKial statnts apwoved the TlustetslD on .... behaKby'. 2025 were on RWRV IDlrWrree} Company Number 07583629 Re9tstered Charfty Number 1141801
LLANELU RAILWAY GOODS sHeD TRUST (A L¥)mpany limit•d by gUarnnt) CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 CAsh generat&J from 0rarI$ Intsrest pak1 Net cash provldwj ty otEratkng 154.rn 121,811 112 rthase of tsrvJiNe fi¥ 395ets Purchase of heiitap assets Purthase of invpsbnent proFetty Net (ash used In Invesllw 116.3Z31 I127,J} 1143,2K)I 148 165 524 Cash flows Imm fln0n4 a¢ti¥ib New k)ans in year Loan rewYrrnts in 4r N2t osh prowthd ty finan(ityJ 23,000 Ch)ng¢ In ¢a and cath equSvalents In thè pwlod Cash cash ewIVents at the teginning of the repon9 per Cash arKJ cash equivJents at the of tr rep)rn9 perh)d 3,453 122.6651 l ofthe cash ftow5 a der fTtyn operations ¢urk)g tr afthetyio years. NOTes TO THe CASH PLOW STATEMENT L RECONCILUllOM OF H1coMET0 FLOW FROM fftRAnNG AmVtriES 2025 2024 Not Incun• for th8 rewllng pqriod (a5 p•r the St•tern•rt of rinancial a¢lltIes) AdjustnTents for.. Depreciation charye5 Interest pahj IIncrea5elldreaSe in det*or5 Increoselldthage) in cr<hrs 164,281 103,715 2,027 I,DlS 14,4231 2.027 14,1371 121 811 Z ANALYSIS OF CHANGES IN I4 FUNDS At IA24 At31.3.25 Net Cash Cash at and In hand Debt Debts falllng due wthin i year DÉbts falling due aler l year 12.5581 (4558) Trtal
LLANELU RAILWAY GOODS SHED TRusr {A company limlted by guarantee) NOTES TO THE FINANCZAL sfATEMENTS FOR 7He YEAR ENDED 31 MARCH 2025 A de minlmus of [5 was setwth (Ay assets (V5trng alVe £500 (apitalised. Awts bÈlow £5(KJ will i written off to rwue In the year of aCqUlti0n. Depreriits)n shall te charg&J on a straJht lir ba%s over 5 years for 1pment assets and 10 years ts exhibf( assets asgJmivJ rn resldua value for al of these a55ets. No depreck8tk)n has trÈen d)arg8d In Ihe yr of a(4ui&bon. The neal for any Irnpnt of a Ilxed asset wrftdown ts considered If th¥e ts £oncem over the cafNn9 value of 4n asset 15 by wmpariry that carTrin9 value r6t the vakne In Le or wl8t4e value of the asset when apprwrdte. The tharty osyrts a historic Grade 11 lIdirvJ that is preserrfed for fs cultural arK4 community value. The buikling is malntained for Irfit and 15 rY)t he for pUse5. Herknge assets are yired through wrcthse and InItlty recogntsed at(3)5L The offte acmmmrx1athn rfthe Gofts Sh&1 ha9 ¢L•syfied as an hv&twt as Septemt 2021 the Offi he ten for IrKomegewatK)n wrp)se Thp tru5W fed it is apprwate to lue In¥esbwrt a55ets on the ba$ of 10 ar5 of ifjccfrE they generate. Tra Ènd other dakn are rewl%ed at the SceMent amwnt after arry trade dLscount offwed. Prewyments are valuèl at the arrK)unt wepald rEt of arty dcounts due. Acuved h£ome and tsx r%rat4e Indudoj at the ofthearfKJunrs eEvable atthe sltet dats. Taxotio The Charity is ex&nptfrom trx on its th)ritse tsvibe5 Fund amntlng Unresrrirt runts can be Ltsed In rdae wth the chara Obj at the dretton the tn5. Restrttol fund5 can On used for parttuL3r restflrtèj purwJs wtthin the obi&ts of tt charty. Restrlctknns are 5Fecffied by the (bnor Cf ¥¥hen funts are raisèj for partukr e#rktèt sxJrrx)se> Further ewanabI ofthÈ n8tre purpose of eath 15 induded in the note5 to the financial #aterfnts. C#h at bank and In hjnd Cash at bank arKI haNI Indudes Cash and short temi hkjhty Ilqultl hvestrnents wlth a sh)rt marurfty of three mLrths C less from the date ofacw&thn w ThIng ofthe dertslt or ymiior minL rs are rognIsed <harty h8$ 8 we5ent ot4wJtson reSung from a pa e¥ent that wll pro¥ restht in the tranrfer of fuThfjs to a thirf party aTrl the arfK)unt due tri setue the obligatyon can tre measured or e5bmated CdItorS are nomxlty reco9knJ at thdr settMent amunt after ¥kning for any trade dscounts due. Flnandal knstruments The charty 0Y ha5 flnandal asse15 aThd flnandal lIale5 of a TrY that qualw as l)c ffnrtial 1rt5truments. c Instwments are Initial re(vgThs& at trnti value and subsaJuenOy Mer&I at ther ement valw with the exCePth of bank knans whkh are sutse9uty Meowr at alFKYbsed cost Using the effecbve interest rneth[. Empl¢ryee benellts CDS15 of shJrt-tern empbyee benefits are recojnlsed as a and an exPSe. ItKKse Lvsts are uir&J to bp recogn a5 part of c05t of c(k or flxej assets. 91Page
LLANELU RAILWAY GOODS SHEO TRiisr (A company Ilmlted by guarantse) NOTES TO THE FINANCIAL ATEMEr5 FOR THE YEAR ENDED 31 NARCH 2025 CV5t of any unu5d h¢iW enbuemt is in the Fwvxl in whKh the empbyee¥ sekmces are received. TermirTratK)n benefrts are retogmised immedety a5 an expSe5 v1h the cornpany demor&J7bty Con to termlnate the an emtknye2 or to pThide temitofjon iEnefits. JUDGEME14TS AND KEY SOURCES OF ESTIMATION UNCERTATNrY Jn the aprlicatKJn ofthe companys COunrj managementwe required to makelgeMentS, estimates and assumpthxts ab)ut the catrySng valueef asseL% and liablleSthat are not readlly apparentfrom other source5. The e5timat85and aswa a&sumptior&areba5ed rm hi5toric&exFerErKe other facb)rsthatare CordeI to rdevanL knal rul1$ miy dffer frgm tim*. estlmts aThJ uThYthlng 35gJmpOor6 are revkwed on an ongolng basls. RevLskJns to ac(yxJnVng estwnate5 are recognised in the perithy in the esumate reVj where ihe affttts onty th& pemd, or in the ofthe reOn and futhre where affects ixth rrert arxl future [10. IXINATIOIIS AND LEGACIES 2025 2024 Donaucr MemLrshipgjtrtptknn5 5,885 2,707 60 OTHER TrADING AcfiviTIES 2Q25 21124 Café irKome Rotsm hire 10,3L 2,056 INVEsfMEIIT INCI)ME 2024 IOIPage
LLANELU RAILWAY GOODS SHED TRusr (A company limit•d by NOTES TO THe NANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM ClirABLE ACTIVrnES 25 2024 £knn15 CAaritat4e Ctsritae 215,191 143,386 144 Grants receNed indutsj in tro atThe are a5 frAIuhs'. 202S 21124 Carmarthenshlre Ctyjrtr Cj1 Captrl Works Great Wgstem Rall Grant WCVA Landni Disposa Tax Communyaes grant riwghb)urty- thmmunty Fund Awards for1 yst Cymru C£rfnmty Tra(s to Nature PNgriffl Trust Mty)ndan Hacesftf Nthre I33L 3,371 15,000 27,000 24,269 27,283 7,876 670 39,200 8,596 20,928 215 191 2025 2014 Dirttt costs Supffjrt Costs (see note 9) Totsl 116,275 9).551 120 075 SUPPORT COSTS 2025 2024 CharitstrAe io Plet Incarne This is after chargiffjlltslthng}: 2025 2024 IndeFEnt £13rrS fee5- a5 examiners - preparaon of accourts - payroll seTrices 70
LLANELU RAILWAY GOODS SHED TRusr (A thmpany limitsd by guarartge) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2025 li TRIrn' REMUNERATION AND BENEFThS There were no trltstepg remurratbn or other forltsyearenthd 31 March 2025. reimbJrsenEnts travel and Ineeng exSeS were m)Je thrlng the year. (2024 £NILI. 12 3025 2024 Stsff Costs vre a5 follcws:_ Wage5 and salarEs Employer's contribubon to defined (x)DtriLtin tEns ¥he 51,787 738 37.656 515 re are NJ wfK) rece1¥&1 wnpbyee i*ts le%dlIng tynr4oyer pension ¢osts) of rrKre than E60,00012024.. Nill. Number of employe45 2025 Ilumber 2024 Number The average Month ryjmter of empkjyees durfr#J the year was TAP4GIBLf FIXED ASSEWS FIMiuras aTrd fittings Totsl t• pr4Wrty co At I W"12024 ditr in IEar At 31 2025 10,087 5.092 15,179 21 DEPRECIATION At l Awil 2024 Dee£tion charge for the year At 31 March 2025 1,018 2,027 BOOI( VALUE At31 2025 19 At 31 March 2024 78
LLANELU RAILWAY GOODS SHED TRusr (A c4)mpany Ilmlted by guarantee) 1107ES TO THE FXNANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 HERThAfjE ASSErs MARI VALUE At I 2024 Additlons In At 31 M•rth 2025 846.868 127 90D 974 768 NET BOOK VALUE At31 Morth 2025 At 31 March 2024 Thecharity purchased tsnd Ind property atfomier GcoJ5 Shed fvom Ne[k Rail in 2021 fcy El. EXpÈiture irturr8J in its restora been ¢Èpit4liSJ 5iwe it5 purchase. The flvtryear 9Jmmary of transacfjons relating to the ritage assets is as W¢w5'. Cbsing tsalae Yearendl 31 March 2025 31 March 2024 31 March 2023 31 March 2022 31 Marth 2021 I27,0 143,260 48.161 847,150 974.768 846,868 703,608 847.151 1191,704} 15 INVESTMENT PROPER Trtal FAIR VALUt At l Awl 2024 Additions In year At 31 March 2025 213,968 218 147 NET UQOK VAWE At 31 Morth 2025 218 147 At 31 March 2024 offitr componait of Shed Is das4fied as an InvÈ%trnent prcyty as e (IfK¥ a knsed for Irton geYratk)n txjrww. The trust&s Is approwate b) tl in%t5bnent a55ets on the b5 of 10 years of the incorrÈ they generate. 16 DEBTORS: AloUNT5 FALL114G DUE lm ONE YEAR 2025 2024 VAT 8,493 13,685 13 131Page
LLANELU RAILWAY GOODS SHED TRiIST (A o)mpany Ilmlt¢d by guarantse) NOTES TO ThE FINANaAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17 CAEDrroJLS: Amourifs FALUNG DUE WITHIN ONE YEAR 2025 2024 lThr (see note 19) Tr ¢r&Ji Other tsedit(Ns 2.558 11.564 65,254 2,558 29.435 53,579 In August 2022, trustees an agreeftrt to borTh £34.0 WCVA 10 year5 at 5% flmed Inter85t tate. An 8nt of Q3,Q(H) h&s been dravm Lk)wn kn July 2023 the rnaInIng £ll,(X)O Is availab drawdowTh If required. CRtD170A&. AMOUNTS FALuf4G DUE AFfER ONE YEAR 2025 2024 otrw loarts (see Th)te 191 19 LOANS An alI¥sLE ofttE matrJrfty crf bans gfven tdth¥'. 2025 2024 Amwnts falir4 dLE wthn one year l dema. Other loans AmourTrtsfaiiifKJ tht btheen LX* and iwo loèn5 ounts fallw due wlthln ts¥o and five yea Othw loars Arnwnts f&lirvJ dLE ITr rrThe than ffve years 37 20 SECURED DEtrIS CarmathshIre thjnty Counol hdds a 931 dIat over frethld tAvtErty cOmprr¥) the formw Rallway Gotrjs Shed ar adlolnlng land as sawrlty for ts Yment arKI darge of the OLlpaations for a 0 dirvj ten years date of the final paymentof furj. There have ra3 tty tr¥wti¢ns in the Twtin9 that require di5cknwre. 141Page
LLANELLI IIAILWAY GOODS SHED TRUST (A mpanY Ilmltsd by guJrantse) NOTES TO THE FIIIANCIAL STATEMEPIts FOR THE YEAR ENDED 31 NARCH 2025 22 MOVEMENT IN FUNDS Ino)mlng Resourc•8 Transfers Bèlanre 1.&24 funds 31.3.25 Unr•strlet•d fvrrds GEner&lund C>e51gDatedA55EI Fund CapRal 16,153 967,832 983,98S 70,180 152,1641 16,8251 158.9891 34,169 1,129,247 1,162,416 168.240 168,240 70.180 Restrlcted funds ArchiierEur&l HeritagtFu LandllllGTani-Caprtal CCC- SPF grant Nation41 LottEry- thard5 for all Igrim Tru5 National Frtye- for nature First Great Westffn Nadmal LotW- fty al N(M)ndan 40.000 14,269 140.0001 1&7.808 7.288 134,837J 17,2881 198.9711 8,596 ,576 15.000 19.995 2D.928 215,191 285.371 {9.5761 115.WOI 15JOOI 15.2001 14.792 75.728 39,119 1.202.535 54,269 1.038.254 {168,2401 Totsirthjs 1121,0901 C•mparntiTrt for MO*nt in fun 8•brrf••t Incornlng R850ur¢85 L&23 Transfers Balan¢• funds 31.3.24 unretteInds Gpneiailund DesiatEdAssP1Fllnd Capthl 20,347 843,491 863,838 58,997 163.1911 16,153 967,832 983,985 124,341 124,241 58,997 Restricted funds PostcodeCommunrtyTrusl Mo0ja[2 NatIuDalLotteryHerile Fwd-capital At¢hiteclvralH¢rilageFutwJ [a8herCommAyFUn1 20 LanoTIiIGrant- ¢apKal Nauonallotterycommurltyfund CommunityFund ¢wtom•iCornmLk7ltyGMniFund-Cathai 1.720 20.840 48,141 120.8401 16701 3907Q 40,000 1,000 24,269 7.876 500 27.ODO 140,S1S 199.512 187.341) 40,000 110.0(Y)I 14.269 [1.8761 {5001 127,000 1124.3411 70,701 934.539 132,6061 195.7971 54.269 1,038.2SI TotrifrMd$ 151Pa9e
LLANELU RAILWAY GOODS SHED TRusr (A company limitd by guarantee) DEfAILED STATEMENT OF FINANCIAL AcrnirtlES FOR THE YEAR TO 31 MARCH 2025 2025 2024 INCOME AMD ENDOWMENTS OonatK) Members 5,085 2,707 60 fe income Room Mre 10.308 2.056 Rents 1Ved Grants 215,191 143,386 Totsl Iroming resourres 28S 199 12 EXPENDrnIRE Wages InsurarKe aeanK Office runTriny Legal and rofessknal fees VAT recovered F(xJd ar* rdated costs Phase I menue t05ts Capital spend below £500 Improve[nts to prop Depreo6Don of fvtures aT¥J fftts.ngs 51525 11,259 38,200 12,060 3,402 12.462 4.334 14,1091 14,137 4.371 8,657 18.221 2,254 16,401 116 275 Bank loan IrltÈt 112 Ae(xJuntancy kgal fee5 3,800 5,134 121 Nat Incom• 164 103 715 161Page