KLGIS"J"ERED CONIPAhl N I IIIIFII: n-. I111-4)(i i F.iiiilatt(14nd 11 ales) RE-.C.1S1'fr'.H F_l) c'i1.4kl l-l NI 11 BF R.. I146Q9(1 RF.PI)R"I" (IF THL"fKII%"I"EL% .4ND 1SYAllnlTF_D FINANCIAL ST.4TF..MFNT F()R THF. Tr'F.AK F.NI)F.I) JI I)I'I'F.M IIF.K 2112J "OR MA(.TON nOIIGF.R I.IMITF.f) jack.son R.sb L i¥ence Limiied ".*ano¢ %ireei Dnilield Ea%1 }-ilTk>hire MALTON DODGER LIMITED CO￿TF.NT8 OF THE FIliAf*CIAL STATEMENTS FOR THE YEAR EIYDF.D 31 DF.CF.MBER2023 PaEe Report of the Tru8teeJ I to 3 Independent ExarniDer's Report St•¢em¢nl of Fin¥n¢•*l Aetivilies Bal*n¢e Sheet Notes to Ihe Flnantial Sl)Ile•vnt5 8 tc) 13 D¢t•lled Stltemtnt of Fi**nti*l Aeth'llks 14 to IS MALTOP4 DODGER LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 Malton Dodg¢r Ltd was fornied to take over th¢ adivilies of the YO￿ShIre Wold5 Railway Restoratior Pmjea, and this look place January ?01 l. All funds held by thc original group were tramsferred on that dare. "Yorkshire Wolds Railway" (YW]i) is now the operdting nwn¢ olmalton Dcdger IAd OBJECTIVES AND ACTIVITIES Objectives aDd airns Thg Lompany has constrncted a Visiior Centre and is developing an operdtional heritage railway on part of the tr￿kbed of the foTrner Malton & DritTield JuDdion Raj1￿y. The objectives are to establish and develop a wular herithge attrartion in the Riding of Yorkshire, promotin cducation and trnining. Publ1¢ bctteflt Ilcing a hcritage railway, there is a public edu¢8llonal benefii whilst the rnilway is 0peTali￿ As well as during all oiheT events & ￿.k5 undertaken by The YWR. Ther¢ 1$ a small ￿￿$CUM at Firnber Halt detailing the story of the rnilway & rnany unique art¢faets have been ¢ollc¢red lor the publi¢ to sl'e. There is specifically a volunieer on harnl Eo inforni visiior$. Many pr2sentÈtions about the regiuD'$ local history & th¢ progres5 of the restoraliLM are given to l(Ko1 grou￿. Dedicared running se$5ions are also provided for intCT¢s*d partie5. During 2023. th¢ joint venture with the Hull & Barnsley Railway (HBR) Stsck FuTrd io install and restore an ex-HBR slgnal box saw the building alrnom cOmpl￿ed. The Volunl¢¢r workin8 teams continue io increase in siz¢ & re8ulJrity. They provide skills trnining & a muN81 inreresi for many participators from the local community. All volunteers ar¢ wel¢om¢. subject lo ¢effain safety requirements. RepJrts ol the railwals progress are rc¥ularly made through the quarterly "Malton Dodger" new$letterlrnagazine, 108eih¢r with the railway's website & discussion foTum. as well ths other social rnedia outlets. Volunl¢¢rs 'lThe Yorkshire Wolds Railway is staffed eniirely by volunteers. both on & off siie. There tyre no paid worke￿. The director5 Wl5h to thank all th09¢ m¢mberJ & other SuP￿T￿TS who have contriEw¢¢d to ihe rn]lwa￿S success io date. ACHIEVEMENT AND PERFORMAficE Charitwbk 4£ ilvltles 2023 saw visit()r numbers increase markedly iogether wi¢h another record number of 'Driver' exp¢ri¢nces being given. Another record number vf preseniations were del¥v¢red io local sroupg both on and otTsil¢. Additional work was carried out in the shop aJKI on the platfonn ￿ improve the vi5iior experience. Training for operational volunt¢¢rs progressed again. S￿h training is eviderKed part of the volunteers, competence rnanabFemeni sysiem. Developments Op¢Tating income & donations lowards the IrtfraStrUu￿ & Rolling Stwk funds dlowed further resiorntion work to continue. FINAiYCIAL KEVIEW Flnanclal positioA The ¢ompany i¥ in a sound finaneial position with net assets exceding £140.000. Additionally. of the &ssets att sthted at depreciated c051 (includiDg refvrbishment) & geneTally these values ar¢ substantially low¢r ttwi their market l.a1￿. Page I MALTON DODGER LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 DECEMBER2023 FINANCIAL REVIEW Fundraising activltle5 The company rnised funds during the year to o¢hieve its i)bjeclives incIL￿]ng increased operdiional income & special events Such 4LS the annu￿ m￿je1 Railway Show. Donaiions were welcorn¢d again during ?0?3 enabling the railway to improve its Nisiior experience. The level of dunaiions was lower than in some previous years. although this has improved up to this report date. Reserves w>liey The company'5 rescrves have increased a￿1n during the year. Some T￿erveS are restriLXoA & are represented by specific asseis own¢d by the company. STRUCTURE, GOVERNANCE AND MANAGEMENT overnlng document 'I'he chariry is ¢ontrolled by its goveming d￿UMen( a deed of ¢nLSL aThl ¢onsiiwtr5 a company limited by guaTanlee. d¢finLd by the Companies A¢1 2006. REFERENCE AND ADMINISTRATIVE DETAIiS Registtred Company number 7281796 (England and Wales) R￿Istered Charity 1146990 Re¥isl¢red offl¢¢ FiTnbL'r Hali Beverley Road Fimber DrI￿le1d F.&t Yorkshire Y025 3HG Trusteey J l.idstLr Retired l Merino TeihniLian P M Rob50n Chartered Accounthnt M Brown Salesman Ms C Bowser Director M Jon¢5 r)irtLior J.R. Lane Health and safety director G Bailey Diesel traction dirc¢ior (appointsd 1.2.2023) Compgny Seeretlry l Merino IndepeTrdent Eiomither Geoff Mountain Jackson Rob5on Licence Limited 33-35 Exchang¢ Street DriJTield East Yorkshire Y025 6LL Approved by order of th¢ boaTd of In￿tee5 on....... l(...M..,..d:. lok d si￿￿d on its behalf by: Page 2 MALTON tM)DGER LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 DECEMBER 21)23 M Brown- TTUSt¢¢ Page 3 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MALTON Do￿ER LIMITED Independent ex&miner'5 re￿rt to the tnist¢es of Mahon Dodger Ltmited ('tht coM￿nY.} I report io rhe charity trustee5 on my examination of the accounis ofthe cornpa￿ for the year ended 31 December 2023. Responsibilitie5 basis of report As ihe charity s trustees of the Company (and also its dIT￿lOr5 for the p￿r￿SeS of company law) you are responsible for the preparatton of th¢ accounts in accordance wilh the reqllirnnents of the Companies Ad 2006 (Ihc 2006 A¢V). Having wisfied myself th￿ th¢ accounts of the Company arc not required to be audiied under Part 16 of the 2006 Act nd are eligible for independeDI examination. I report in respecl ofmy examination of your charitys accounts as carried oui under Section 145 of the Charities Aci 2011 Ilhe 201 l Ad). In caTriing out my examination I have followed ihe Directions givLn by the Charity Commission u￿r kniion 145(5) (b) of the 2011 ACL Independent examinerfs ststement I hav¢ Lompleted my examination. I wnfirni that no matters have to my attention in connection with ihe ¢xamination giving rne ouse io believe: accounting records were not kepi in respect of the C(ry)Hny A5 required by Section 386 of the 21J)6 A¢t' or the accounts do noi accord with those records- or the Aceounts do comply with the accountin8 requirements of Section 396 of the 2(MKJ Aci other ihan any requirL'm¢nL thai ¢h¢ a¢cowits give a true ¥nd fair view which is not a matter con3ider¢d 45 P3rt of an independent examinatii)n', or the accounts have not been prepared in accordance w'ith the methods and principles of the Staiement of Recommended Practice for accounting and reponing by charities {applicable to charities preparing th¢ir accuunts in accordance wilh ihe Financial Reponing Siandard appliLabl¥ in ihe UK and K¢publi¢ of Ir¢laJ¥J IFRS 102)). I have no corKerns and have ¢ome ￿0$5 no other m4tt¢rs in connection with the ex8mtnalii)n to whi¢h 4tteniion Should bL' drawn in rhis repon in order to enable a proper undeNondin¥ of the aLLounts to ￿ reached. G¢()tTMountain Jockson Robson Li¢en¢e Limitrd 33-35 Exchan8e Strtti Driflield East Yorkshire Y025 6LL Date.. Page 4 MALTON ￿[￿ER LIMITED STATEfvIENT OF FINANCIAL ACTIVITIF.S FOR THE YEAR EYDLD31 DECEMBER 2(ll3 2023 Toral nds 2022 Total fvnds u￿re￿riC1Cd nd Restricted fvnds Noles INCOME AND ENDOWMENTS FROM t}0￿atiOnS ai)d legacies 14.L•3 1.089 15.312 40.919 Charitablt 8etivitie5 Gen¢ral 7240 7,240 9.640 Oiher tradrng activities Iiiiesnnent incoine 24.?¢M 135 24.204 257 18,897 27 122 Tot¥1 45,80? 47,013 69,483 F.XPF.NDITVRE ON Rli ising lunds 40,031 4.873 40,938 C.harlfgble 8Ctlvltles (Jeneral 300 31K> Total 40,331 4.873 45.204 40.938 NET INCOMEI(EXPENDITURE) 5,471 {3,h61 I.R09 28,545 RF.C.ONCILIATION OF FVNDS Toial funds brought forward 92,332 51,443 143,775 115,230 TOTAL FUNDS CAIiRIED FORWARD 97.803 47.781 145,584 143,775 Th¢ Dotes forn) part of ihese financial statemen Page 5 MALTON ￿DGER LIMITED BALAf4cE SHEtr 31 DECEMBER 2023 2023 T￿[ funds 2022" Totsl funds Unr¢5tricted fund Restricte Notes FIXED ASSETS Tangiblc assets Invesments 101.075 43,846 144.9?1 150,409 101.076 43.846 144,922 150.410 CURRENT ASSETS Siocks r)ebt()rs Cash ai bank in hat)d 3UO 4.197 21.783 300 4.197 33.908 21M) 3,728 10 12.125 26,?80 12.125 38,405 38,347 CRF.DITORS Ainounis lalling due within one year NET CURREIYT ASSETS 38.405 38,348 TOTAL ASSETS LESS CURRENT LIABILITIES 127.355 55,972 183.327 188,7$8 ACCRUALS AND DEFERRED INCO.ME 12 (2Y.552) (8,191) (37.743} {44.9831 ET ASSETS 47.7111 145,584 143.775 FUTr4DS UnrL%triLled fundb. R¢4tricted funds 97.803 47,781 92,332 51.443 TOTAL FUNDS 145.584 143,775 The charitable company is enti¢k.d to exrmption frc*n audit undu Se¢tion 477 of ihe Companie5 Aci 2006 r(K the year ended 31 December 20•3. The members have n(x required the company to obtain an a￿JIt of ils financial sth*ment5 for the yeat ended 31 Decem￿r ?023 in accordance w'ith Section 476 of lh¢ CoTnpanies Aci 2006. Thc Irustees acknowledge their responsibilities fi)r (a) ensuring that th¢ charitable compan>" keeps ac¢wnlin¥ rtcoriL% that Coinply with Sections 386 and 387 01. thL CoTTrpanie5 Act 2006 and (b) preparing firwKial 5tattm¢nt¥ which give a true aThJ fair view i)fthe state of affairs of the charitable companv as at th¢ end of e￿h financial yrar and of ITS surplus or deficil li)r each financial year in accordancc wilh ihe requireinents of S¢ctiQlls J94 and i95 and Nvhtrh othenvise comply wilh the requiremenis of ih¢ Lompanie5 Aci 2(M)6 relating io financial 4atemcTrlS. so far as appli¢able to ihe Lh￿n￿bI¢ company. The n0tr5 forn) part of these ffftancial statements Page 6 C￿lInued... MALTON ￿t￿ER LIMITED BALANCE SHEET-eoDtiD￿td 31 DECEMBER 2023 These financial siatement5 have been prepared in KCOTdance with the provisions applicable to charitable companies subjccl 10 ihL small companics regime. The tiTrunci41 4tatemenL% were approved by the Bitrard of Trustees and authorised for issue ..￿...Mar£￿...1OL*. .. and WLYe signcd on its bchaifb).. i fvlerin(?- Trustee Thc n￿¢5 forni part ofihese financial s￿lements Page 7 MALTON Do[￿ER LIMITED NOTESTO THE FINANCIAL STATF.MEYTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES Basu of preparing the financial Sthiemellts The financial starem¢nis of ihe charitable comp7n!". *hich is a public benofit entty under FRS 102. have been prepared in accordance wilh ihe ChaTi1ie5 SORP (FRS 10?) 'Aceountin8 and R¢porting by Chariii¢s-. Siatem¢ni of Re¢ommended Practice applicable io ch￿111¢5 ryng their accounts in accordance wilh rh¢ Financial Reporting Sthndard applicable in the UK aThJ Republic of Ireland {FRS 10?) {elYeaive l January 20191,. Financial R¢kXYting Standard 10? 'The FiTwKial ReFQnTll¥ $w￿ard applicable in the UK and Kepublic of Ir¢land' and the comp￿l¢S Aci _ThK16. The finwial ￿￿ernents have prepared uThkr ih¢ hi%tortcal ¢(KsI convention. with the ex¢¢piion of invesmKThts which Jr¢ included at markd value. All income 15 recognised in the Sthicmem of Finwial Activities once the charity has ¢ntitlem¢nl lo the funds. li is probJble that ihe income will te received and ihe amount can be measured reliably. Expenditure Liabilities are re¢ogrnised as expendi(ure ￿ soon &$ thefe 15 a legal or constructive obligation coinmitting ihe charity to that expendilure, it is probable ihai a transfer of economic bencfils will be required in 5eiil¢m¢ni an¢J the amounl ol th¢ obligaiion Lan be m¢a5ured reliabl).. Exp¢nditwe is accouni¢d for on an accrua15 b&%is and h been cl&ssified under heading5 th¥1 a&gTegat¢ all cosl related to ihe L81egory, Where costs caiinoi be directly attributed io particular h¢adi]￿S ihey have been alkKaied iu dciivities on a basis consistent with ihe us¢ uf resi)urces. Tanllble fix¢d assets D¢pr¥ciaiion 15 pn)￿ided * the following annual rates in order Iv write off each assei oveT lis eslimaied useful lif¢. Equipment I￿10 on r¢ducing balauce Sto¢ky Stock5 are valued at ihe lower of c05t and net re4li58ble value. after making due allowAnce foT d>soleie and slow moving it¢ins. T¥xailoA Th¢ Lharity 15 exeTnW from corpoTrtion tsx on its charitable a¢tiviti¢s. F*nd accouDtin% Unresrricted funds can ￿ used in a¢ses. Further ¢xplana(ion of ihe nature and purFOS¢ of each fvnd is included in the notes to lh¢ financial siatements. OTHER TRADIliC: ACTIVITIES ?023 2022 Fundraising Inei of ¢osts} Sale5 Sponsorship 3,621 20.350 233 14,880 1.152 24.204 18.897 Page 8 continued... MALTof4 DODGER LIMITED NOTES TO THE FINANCIAL STATEME.WTS- coRtin4ed FOR THF. YF.AR F.NDF.D 31 DECEMBER 2023 INVESTMENT INCOME 2023 2022 Interesi ￿ceIVed 257 27 NET INCOMF.I(F.XPENDITURE) Ncl incoFneilexpenditure) 15 stated aftw chargingl(LTediiing)- 2023 2022 tkpreLlalion - owm¢d 16.102 16.712 TRUSTEE.S' REMuf*ERATION AND BENEFITS There were no I￿St¢es, remuneraliDn OT Othcr IKncfits for Ihc year cndcd 31 1)cccmbcr 2023 TMTrr for ihe year ended J l (k¢ember 2022. Trustees. e¥penJes The￿ were no truste¢s' ex[￿¢$ paid for ihe veAr L*ded 31 r)ecemher 2023 nor for ihe year ended 31 December 2022. COMPARATIVES FOR TFIE ￿ATF.mF.NT OF FINANCIAL ACTIVITIE UnresiriLtLd fvnd Resiricied funds Toial rund$ INCOMF. AND F.NDOWMENTS FROM t)onation5 and l¢ga¢i¢s 24.121 16.798 40,919 CharilMbl¢ ittivilits GLIiLfdl 9,fAO 9,640 Other trading aclivities Invesiineni income 18.897 18,897 27 25 Total 52,660 16.823 69,483 F,XPENDITVRE ON Rai%ing tunds 35,925 5.013 40,938 NET INCOME 16.735 11.810 28,545 RECONCILIATIOli OF FUNDS T(?tal fund% brought forward 75.597 115.230 TOTAL FUNDS CARRIED FORWARD 92.332 51,443 143.775 continued... MALTON DODGER LIMITED NOTES TO THE FINANCIAL STATEME)TS- continued FOR THE YEAR EYDED 31 DECEMBER 2023 TANGIBLE FIXED ASSETS Equipment COST At l January 2023 Additions 245.770 10.614 Ai 31 Dttember 2023 256.384 DÉPRF.CIA TION Ai l January ?0?3 Charg¢ for y¢wr 95.361 16.102 At 31 December 2023 111,463 NET BOOK VALUE At 31 Deeemher 2023 144,9?1 At 31 December 201? 150,409 FIXED ASSET INVEsfMF.NTS Unlisted ini'esiments MARKW.T VALUE At I january 2023 and 31 December 2023 NET BOOK VALUE Ai 311)¢c¢rnb¢r 11123 At 31 December 2022 TheTe Mrre no invesimeni a￿Ls oulside the UK. STOCKS 2023 2022 Sto¢k of resalia 30 200 10. DEBTURS: AMOUNTS FALLING DUF. WITHIN ONE YLAR 20?3 202? Prepayments 4.197 3,728 Page 10 continued... MALTON DOLKER LIMITED YOTESTO THE FIliAliCIAL STATEMEliTS- eon¢iAued FOR THE YEAR ETr4DED 31 DECEMBER 2023 CREDITORS.. AMOUNTS FALI.ING DUE WITHIN ONE YEAR 2023 2022 Trude creditors {]) 12. ACCRUALS AND DEFERRED INCOME 2023 2022 I,EADF.R accrued irKome Revenue Res¢rves 37.742 44,982 37.743 44.983 13. MOVF.MENT IN FUNtks Ncl mov¢m¢nt in fvnd8 At 31.12.23 At 1.1.23 Unrestricted funds General fund 92.332 5,471 97.803 Restricted lunds Inlra%lruLlure 45.195 42,348 5.433 (815) 51.443 (3.662) 47.781 TOTAL FUNDS 143.775 1.809 145.584 Nel rnovcmenl in funiLs. includcd in ¢he aix)ve are &8 follows.. Inc(¥ning Resources exp¢T￿ed Movement in hjnds Unre¥lri&led f4Thds General fund 45.802 {40,331) 5,471 Re￿trIcted Inlr¥51ru¢ltJr¢ Rollin￿> $tock (2,8581 (2,015) {2,847} 1815} 1,2(M) (4.873} 13.662) TOTAL FIINDS 47.013 145.204) 1,809 Pagell Contin￿d... MALTON Do[￿ER LIMITED NOTES TO THE FIP4AiYCIAL sfATEMENTS- fDlIti￿lled FOR THE YEAR ENDED31 DECEMBER 2023 13. MOVEMENT IN FUNDS- ￿NtInUed Comparatiyes for movement fuTrds Net movemeni in fiLMds At 31.12.22 Uthre$¢ricted fithds Cienerdl fund 75.597 16,735 92,332 Restricted fund5 InfraStrnc￿re Rolling ￿oLk 34,036 5.577 45,195 6.248 671 39,633 51,443 TOTAL FUNDS 115.230 28,545 143.775 Comparative net rM)vememi in funds in¢lud¢d in ihe abo￿ we as follows.. Incciming resources Re%our¢es exp¢nded Movcmcnt in fvnds Unreslricted funds General fund 52,660 (35:y*5) 16,735 Restricted fund$ In￿StruCture Rolling st￿k 14.314 2.509 {3.175) 11.838) 671 16,823 (5.013) 11,810 TOTAL FUNDS 69.483 (40.938) 28.-$45 A current year 12 months and prior year 12 months Comb￿¢d p05itiort is &% l()IkTr*s". mov¢tn¥ni in funds At 31.12.23 At 1.1.22 UffiTe$tricted furtds General fund 75..$97 97,803 Restricted f¥nds IAlrastruclure Rolling stock 34,056 ,577 .292 (144} 42.348 5.433 39.633 8.148 47.781 TOTAL FUNDS 15.230 30,354 145,$84 Pag¢ 12 continued.. MALTOli DODGER LIMITED iYOTES TO TIIF. FINANCIAL STATF.MENTS- continued IOR I'EIE YEAR E.YDED31 DF.CF.MBF.R 2023 13. MOVEMENT IN FUNDS-contiTrMed A £urreJii year 12 months and wior yeaT 12 months cornbTrned n¢t rnov¢m¢nl in fund5. i￿]ud¢d in the above are as folloM.s'. In¢oming R¢sour¢¢$ lx￿ndCd Mov¢menl in fu￿1$ UnrestrlLleiJ fu#ds GenLral tund 98.462 (76.256) 22.206 Rcstrleted funds InfrasLruLtur¢ Rollin¥ Stock 14.3?5 3.709 16.033} (3.853) .292 (144) 18.034 {9.886) 8,148 TOTAL FUNDS 116.496 186,14?} 30.354 14. RELATED PARTY DISCLOSURES Th¢re w¢r¢ nLTr relat￿ party transactions for year ended 31 December 2U23. Page 13 MALTON DOIKER LIMITED DETAILED STATEMENT OF FINAf4CI.4L ACTIVITIES FOR THE Y£AR ENDED31 DECE.MBER 2023 2023 2022 INCOME AND EP41)OWMENTS Donatinns 4nd legacies Donations Members subscriptic￿S 6,297 9,015 32,133 8.786 15.312 40,919 Other trodlng 4¢tlvlt6es Fundraising (net of costs) 3,621 20,350 233 2,865 14,880 1.152 Sponsorship 24.204 18.897 Invcstment income Interest received 2.57 27 Charltoble o¢tlvltl LEADER fvnding 7.240 9.640 Totsl In¢omln¥ resourryj 47.013 69,483 EXPENDITURE Rglslng donAtlonJ and ￿8￿1¢$ InsurJThcL Finance costs P051age & st8tion¢ry Subs¢ripii Advertising & promotion F.qLLipment hirL RcpaiT5 and consumabl Water rate5 Training Sundries Rent Telephone Waste disposal 4.458 414 3.056 312 564 3.460 439 300 534 159 9,928 138 583 ?54 408 30 1.087 11.449 7( 350 480 50 1.381 24,109 20.609 Other trnding Actlvlties Purcli&ses (adjusted for stock) Secretarial serviees Dcpreeiation of cquipmenr 4.06? 631 3,146 471 16.712 20.7Y5 Charitabk activiti Professional fees This pa8e does twt fomi part of the Statutori financial 5taieTr*nts Page 14 MALTON DODGER LIMITED DETAILF.D ￿ATEMErIT OF FINANC.VAL ACTIVITIES Tr"OR THF. YF.AR ENDED 31 DECEMBER 2D23 2023 2022 Totdl resources expended 45,204 40.938 Nct IMcom¢ 1.809 28,545 This pag¢ doc5 nor forn) pan of the sthttrtory finan¢ial statements Page 15