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
Co14TEP￿s OF THE FINANCIAL ￿ATEmENTs FOR
THE YEAR ENDED 31 MARCH 2025
Page
Report of the TruSt&s1￿r&tL¥s
IThJependent Examin*s 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 D￿A￿Ls
•rfty Name
Llandl Ralway ¢￿0d5 Shed Trust
I141￿]
07583629 IWlsterèJ In EnW Wa￿S)
24 Harr￿5 A¥*nue
ua￿¥1
Carmorth￿Shlre
S415 3LF
AM(Xe
J Ikrcia (reS￿ned 1S.11.241
H R Gr￿ I￿gr￿ 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
TrtJst*s, whDare èlso dlrthrsofthe tharty fortt￿ ￿rr*SOf theComp3niesA¢t2006, •re FI￿Se￿ to ryesenttheir
re[￿rt wth the finantial statements of the charity for the year ended 31 Mard) 2025. The financ1415tat￿nents comply vlith
the tharitI￿ Act 2011, iheCompan4e5Act2W6, the Memorandum and Artwes ofAwKk3tion and Accounting and Reporung
Charitie%.' Statement of Recornfflended applicable to Cha￿e$ Prepa￿ng accounts h attOrdan￿ wth the
FInanc￿l Re￿r￿n9 Sandard aptAlcatle In ttE UK a[￿ RepU￿1C of Jr￿and IW 1021 leffeLtfve L January 2019).
OBJECTIVES AND ACTIVMES
sl9n1flcantaci1￿tl£g ènd future plan8
During the year, the G(￿5 Sheyj has esialll5t￿d tse￿a5 a valued communty fa￿1￿ for Ic(al wrA&
Events hève varfed frcth famly fundays, ￿C￿￿er$Ftycdebr3rknns. e4￿(￿￿￿ng for dder peq)ki Lycllrmj prTrknrKydays,
th attentsrKe from 160 to over 3(K). Regjar group5 rn￿ng at the Gwds Shed Sndude a neAl￿werS￿ 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￿￿.
I￿r nwy cvmmuntty café B rth¥ up and running staffed by pJt tirne em￿0vee5, thelr salarfes by grants
ror part of the year. Vdunteets lead on In our communty garden and womote opwrtunioes for b10dwer￿ty to
thrive on the poSt-l￿u5￿lol landscare of the grwnds. Voluntsers have a var*ty of OprxKtunitk￿ available to devew thIIIs
d give bath to theircommunty- covering hosP￿ty. hcrtlculture. herywe and hO￿based (p[XK￿nItyesfQrv￿uTrteerS
for w￿rn akndirrfj the site regu￿rtY may tre an ￿9je.
ral volunteers have 9)rE on to ftll time emF4oyment ha￿r￿j galnèj v&Ua￿e ex[￿￿ atthÈ 9W.
The (*JmmvntyfatilibesvfftenhanLÈdttrtsth theLonver5K)n of 8 carrvdgE in the SI￿O￿etir9 eco4riendly prL4lu¢ts
and cbthes QKch￿9e sem4 a tircular eLw(*rry ￿ 8knatir￿ rOSt￿)F.1￿1￿ cri5ts for re5thrts. ThLs
Com￿*Ments 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 av*latle 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
L￿vernm￿t Communty FtrryJrarnTne.
Ttust pbns tocwnpwe Phase 2 wDrks ty 31 Mèrch 2026, ￿11 Meant*￿tr￿TrI￿Vs ￿m￿ryObJ￿9fr8p?i￿
al￿ prewwng Ihe for the bng term vlill have teen acly"e¥ed. A fiJrther terelt of these wc*1ts ￿111 be to
I￿rease 0pwrtuTh￿ts for a WKle rarvJe of events and enhancal communty aoJiwbe5. Using our vdurteers as a Stee￿￿￿
grtyjp al￿g51￿e communty ￿n￿NIti￿.
FINANCIAL REVlfW
Flnanclal posltlon
rtng the fin￿￿kil year, charity re￿rt￿ a surF4us of £164.28112024.' £103.7151.
The unrestrftt8J rewve5at31 March 2025 were £1.163,41612024'. £983,985), these also IndudedesPJnatedeapk& a55ets.
The ￿5￿￿tted re5erve5 at 31 March 2025 ¥Ywe £39,11912024'. £54,269), movem￿t of thL5 baance Is rhe transfer of
tritted funds moved to the ¢*&gnat&l as*t fvr￿ £168,2qO (thr restTKt& fij￿lS 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 r￿uIr& b) meet thi5 (tytre.
Pagel I

LLAf4ELLI RAILWAY GOODS SHED TRiisr
(A ￿MPl￿V 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 Compan￿5 Act 2006.
Thedlr￿oftr￿ companyareaLs0 thantytru*ttsfcrthewrpose50fcharItyL￿, and In the (*￿nL￿AtK)ll'5 MewthTrJum
arK1 Articks Je kn(Y￿ as Board.
s for ￿ Board tske at the Ann￿1 Gewal Nee￿.
NemtÉrs are elertèj to se￿* for a of three yeas, after whth terrn tIEY ￿ eligilje tt> seek r*dethon. We aim to
sure that our Board ￿ both re￿Sentarfve of the peO￿e a)d communti*s wth vth(¥n ￿ wort and has the r￿sary
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 RaI￿laY &)ods Trust ftr the PUfFcses of company
lawl are for prÈpartng a trust&s' arnual report fina￿al statements in zKcordante wth aprlrab
law and iknrted lJ"ngdom Acwunting gandards (United ￿ngdoM Generaltykceptedkn(vJnbng Practitt).
Company requires the Tnjstees ro we￿re finanaal 5taknents far th financd year which a trL* and fsr
vkw of tsE State of the affalrs of the tharIta￿e company as at the balancesheet date and of ts In(vmlw resources
and ap￿tat￿In of rwurces, IndudlrvJ kncome and expeTrlitur<for Ihe finatKEI year. In prewing t￿￿e ffnan¢ia
statements,the Trustees foNow bgst pr¥trearK1..
sethtsuta￿e accountw apply consthty,.
obseve the nEthoJs ar￿ charit*sS1)RP,.
make Judg￿ents estimates that are re￿and)￿and prudent..
Ate aWitatAe UK a(tauntirwJ sta￿ardS ha¥t teen fd1(￿led. subject to any
mater￿1 dEparWrE5 dithed in the fir￿l￿alS1a￿nt$,.and
rxepare the finarKièl siatemg7ts on the Wng ccftsm basls unless r( & (napprew*e to ￿rne
that ￿ comwy will Contin￿ on that b*.
The TnJstee5 are re￿￿tle for maintalnkng woper aCc￿nt￿ r￿rdS whkh dlOc6e r2a5Dna￿e acaracyat
W bme the finanthal poSi￿n of the charitable cryny to eTra￿e to er￿u￿ thèt trt finar&k81 statements
compty with the Compan￿5 Act 2W6. The Tntstees are also rewsSbk for safeguarding awt50f the thantat4e
cnmpany arhs herKe for iaknng ￿SOnalIestwS for prevertTon dthbonof fvaud and other
The a￿ re¥Dn%t4e for mirtanirrfj prw Kcountlng rérords whlth w50naiAe awjracy at
any the finandal wsthon rf the chèritaise company to en8bk them to ewre that the finar￿1 statements
compty the CompanEsAct 2LM)6. The TrLEtees are &so rewnslble forsafeguardingthe asgetsof the (tharthNe
¢ompè)v afK1 herKe for r&wnaUestW5 for the prevent￿￿ deteLtin of fTrLMI and cther I￿egU￿r￿1e$.
This rewt h3s wepared wlth ￿ speoal Prov￿￿￿ of Part 15 of the Compan￿$ kn 2(X)6 rdatwg to
Sm41 CompaTh
Appro*d ty the ExeoJtfve Committee fh)...
1.1... 2025 and ￿9n￿l 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 re￿rtt0 the d￿tytrUs￿ 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 prepara￿n of the Kcourts In acc0th￿ with trÈ reqJ[reM￿ts 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 [W￿dent examinaoon. I re￿rt in reS￿rt of my e¥2mlnatitin of your charivs accounts as carr*d out
5fft￿n 145 of the OpribesArt(the'2011 ALf). In caryrrfJ out my exarninab￿ J have folknw￿ the Directions o¥
by the C￿Tity Comml&sKin under l4515llbl of the 2011 NLL
sin￿ the compan*5 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 n*miEr of The Jnstitute of
C￿rtered Attountants in Effji4nd Wa￿s, which is one c(the I￿ted tr#)d￿$.
I havecom￿rta my examinauon. I cTrifSm that no corrEto mYa￿￿￿On in wththe examinat¥
9￿1r¥j me catse to Wieve..
11} aCcr￿mbr￿j r￿ordS 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 seCt￿n 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 ￿nd￿ndent
examination,. or
141 the accounts have rnt te￿ prepared In acccfdance byith the methtxJ5 princi￿e5 of bk Staknent of
RKommended practice for aco)unlrg and rep)rfang ty chartties applicab￿ to wepariry thwr Kcwnts In
al￿an￿ 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&sta￿lry of itE ￿unts to LE reathed.
NKhoLis WthD Ba
0￿rtered Ittountant
Harns Bassett Umlte
Oklrtered A￿u￿￿ts
19 Murray Street
Uandli
carnKrth￿shl
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
863*18
70,701
93•￿9
Totsl I￿ndS
39,119
1,201535
L034254
The stBternent of finartk11 adiwtres indudas 411 gain5 a[￿laSSeS ￿￿jniSed in the year.
JI incorne and exp*￿d1ture 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
InveStm￿t property
27,+18
974,769
218,L47
1220J63
27A18
974768
21&147
I,22￿305
13,152
14
213,
1,073,988
r*btors
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
A￿Tr￿nts 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 r￿re 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 Compan*s kt 2fTh for the
yearended 31 March 2025
have not wuired the obtaln an of its finanoal 5tateTrrt year
eThled 31 Marth 2025. in ￿COrda￿e secth)n 476 d the c￿￿paI￿5 Act 2rxi6.
The trusts a¢*JKWA￿ge th￿r rWnsI￿"lty Fff..
engJring that the C￿￿tatIe 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 def￿t for eath
financol per￿ Iri acctsrdan￿ %¥ltti the requiremaits of sect￿￿5 394 ar￿ 395 and whlch
othe￿4$e tomrty syth the NUI￿r￿ of CLThpanE5 kt 21)06 rekting to financ￿1
statem￿ts, so far as applKatle to chariiabk company.
These flnanul siatwnents have tw prepar￿ in OC(wdar￿ wth the speoal pThi￿onS of part 15 of the
Companles kt 2006 relatlng ro Smll ￿a￿tatAe Ctsnpa)￿s aThl the fi￿n(la1 St￿rrt
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 SHE￿AT 31 MARCH 2025
The finarKial stat￿n￿ts apwoved ￿ the TlustetslD￿ on ....
behaKby'.
2025 were on
RWRV
IDlrWr￿r￿ee}
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 0￿rarI￿$
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 fln0￿n4 a¢ti¥ib
New k)ans in year
Loan rewYrr￿nts in ￿4r
N2t osh prowthd ty finan(ityJ
23,000
Ch)ng¢ In ¢a* and cath equSvalents In thè pwlod
Cash cash ewIV￿ents at the teginning of the repo￿n9 per
Cash arKJ cash equivJents at the of tr* rep)r￿n9 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 H￿1￿coMET0 FLOW FROM fftRAnNG AmVtriES
2025
2024
Not Incun• for th8 rewllng pqriod (a5 p•r the St•tern•rt of
rinancial a¢ll￿tIes)
AdjustnTents for..
Depreciation charye5
Interest pahj
IIncrea5elld￿reaSe in det*or5
Increoselldthage) in cr&lthrs
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 al￿Ve £500 (apitalised. Awts bÈlow £5(KJ will
i* written off to rwue In the year of aCqU￿lti0n. Depreriits)n shall te charg&J on a stra*Jht 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 y￿r of a(4ui&bon.
The neal for any Irnp￿nt of a Ilxed asset wrft*down ts considered If th¥e ts £oncem over the cafNn9 value
of 4n asset 15 by wmpariry that carTrin9 value *r6t the vakne In L￿e or wl*8t4e 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 I￿r￿fit and 15 rY)t he￿ for pU￿se5. Herknge assets are ￿yired
through wrcthse and InIt￿lty recogntsed at(3)5L
The offte acmmmrx1athn rfthe Gofts Sh&1 ha9 ¢L•syfied as an hv&twt as Septemt
2021 the* Offi￿ h￿e t*en 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 Sc￿eMent amwnt after arry trade dLscount offwed.
Prewyments are valuèl at the arrK)unt wepald rEt of arty d￿counts 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)rits￿e *tsvibe5
Fund amntlng
Unresrrirt￿ runts can be Ltsed In ￿rda￿e wth the char￿a￿ Obj￿ at the d￿retton ￿the tn**5.
Restrttol fund5 can On￿ used for parttuL3r restflrtèj purwJ*s wtthin the obi&ts of tt* charty. Restrlctknns
ar￿e 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 #aterf*nts.
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 r￿ognIsed <harty h8$ 8 we5ent ot4wJtson reSu￿ng 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 C￿dItorS are nomxlty reco9knJ at thdr sett￿Ment amunt after ¥kning for any trade
dscounts due.
Flnandal knstruments
The charty 0￿Y ha5 flnandal asse15 aThd flnandal lIa￿l￿e5 of a ￿TrY that qualw as l)*c ffnrtial 1rt5truments.
c Instwments are Initial￿ re(vgThs& at tr￿n￿ti￿ value and subsaJuenOy Me￿r&I at ther
ement valw with the exCePth￿ of bank knans whkh are sutse9u￿ty Meowr￿ at alFKYbsed cost Using the
effecbve interest rneth[￿.
Empl¢ryee benellts
CDS15 of shJrt-tern empbyee benefits are recojnlsed as a and an exP￿Se. ￿ 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 ￿ATEME￿r5
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 immed*ety a5 an exp￿Se5 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 ￿COun￿r￿j managementwe required to makel￿geMentS, estimates
and assumpthxts ab)ut the catrySng valueef asseL% and liabll￿eSthat are not readlly apparentfrom other source5.
The e5timat85and aswa￿ a&sumptior&areba5ed rm hi5toric&exFerErKe other facb)rsthatare Cor￿de￿I
to ￿ rdevanL knal r￿ul1$ 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 ￿ reV￿j where ihe affttts onty th& pemd, or in the
ofthe re￿￿On and futhre where affects ixth ￿rrert arxl future [￿10￿.
IXINATIOIIS AND LEGACIES
2025
2024
Donaucr
MemL*rshipgjt￿rtptknn5
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 Cli￿rABLE ACTIVrnES
25
2024
£knn15
CAaritat4e
Ctsrita￿e
215,191
143,386
144
Grants receNed indutsj in tro atThe are a5 frAIuhs'.
202S
21124
Carmarthenshlre Ctyjrtr C￿j￿1
Captrl Works
Great Wgstem Rall Grant
WCVA Landni Disposa￿ Tax Communyaes grant
riwghb)urty- thmmunty Fund
Awards for￿1
yst Cymru C£rfnm￿ty
Tra(*s to Nature
PNgriffl Trust
Mty)ndan
Hacesftf Nthre
I33￿L
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 chargiffjllts*lthng}:
2025
2024
IndeFE￿nt £13r￿r￿￿S fee5- a5 examiners
- prepara￿on 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 remur*ratbn or other forltsyearenthd 31 March 2025. reimbJrsenEnts
travel and Inee￿ng ex￿SeS were m)Je thrlng the year. (2024 £NILI.
12
3025
2024
Stsff Costs v*re a5 follcws:_
Wage5 and salarEs
Employer's contribubon to defined (x)DtriL￿ti￿n tEns
¥h￿e
51,787
738
37.656
515
re are NJ wfK) rece1¥&1 wnpbyee i*￿ts le%d￿lIng 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
dit￿r￿ in IEar
At 31 2025
10,087
5.092
15,179
21
DEPRECIATION
At l Awil 2024
De￿e£￿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. EXpÈ￿iture
irturr8J in its restora￿￿ been ¢Èpit4liS￿J 5iwe it5 purchase.
The flvtryear 9Jmmary of transacfjons relating to the ￿ritage assets is as W¢w5'.
Cbsing tsala￿e
Yearend￿l
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 prcy*ty as ￿e (IfK¥ a￿ knsed for
Irton* geY*ratk)n txjrww.
The trust&s Is approwate b) tl* in%t5bnent a55ets on the b￿5 of 10 years of the incorrÈ they
generate.
16
DEBTORS: A￿loUNT5 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 agreeft*rt to borTh £34.0￿ WCVA 10 year5 at 5% flmed Inter85t
tate. An 8￿nt of Q3,Q(H) h&s been dravm Lk)wn kn July 2023 the r￿naInIng £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 a￿lI¥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
Carmath￿shIre thjnty Counol hdds a ￿931 dIa￿t over ￿ frethld tAvtErty cOmpr￿r¥) the formw Rallway
Gotrjs Shed ar￿ adlolnlng land as sawrlty for ts ￿Yment arKI d￿arge of the OLlpaations for a ￿0￿
dirvj ten years date of the final paymentof fu￿￿r￿j.
There have r￿a￿3 ￿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 F￿rtye- 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
unre￿￿tte￿I￿nds
Gpneiailund
Desi￿atEdAssP1Fllnd 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
Mo0￿ja[￿2
NatIuDalLotteryHeri￿le Fwd-capital
At¢hiteclvralH¢rilageFutwJ
[a8herComm￿AyFUn1 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 Ir*oming resourres
28S
199
12
EXPENDrnIRE
Wages
InsurarKe
aeanK
Office runTriny
Legal and r*ofessknal fees
VAT recovered
F(xJd ar* rdated costs
Phase I menue t05ts
Capital spend below £500
Improve[n￿ts 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 IrltÈ￿t
112
Ae(xJuntancy kgal fee5
3,800
5,134
121
Nat Incom•
164
103 715
161Page