(L4LL SIG AJ&
REGISTERED CHARITY NUMBER: 1153792
REPORT OF THE TRusfEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR
ENDED 31 MARCH 2024
FOR
WARLEY MODEL RAILWAY CLUB
(Charitable Incorporated or8anisation)
J W Hinks LLP
Chartered Accountants
19 Hlghfield Road
Edgbaston
Birmin8ham
West Midlands
B15 38H

WARLEY MODEL RAILWAY CLUB
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Report of the Trustees
Ito6
Independent Examlner's Report
statement of Financial Attivities
Balance Sheet
9tolO
Notes to the Financial Statements
Ilto19

WARLEY MODEL RAILWAY CLUB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report wlth the financlal statements ofthe charity for the year ended to 31 March 2024. The
trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charitles preparing their accounts In accordance with the Financial Reportlng Standard appllcable in the
UK and the Republic of Ireland IFRS 102) (effective January 20151.
INCORPORATION
The charitable incorporated organisation was incorporated on 12 September 2013.
REFERENCE AND ADMINISTRATIVE D￿AlLs
Registered Charity number
1153792
Re8lStered office
19 Highfield Road
Edgbaston
Birmingham
West Midland5
B15 3BH
Principal address
Unit IF
Pearsall Drlve
Oldbury
Warley
West Midlands
B69 2RA
Trustees
A Turner
POHJones
D F Crawford Iresigned 1919/231
JCHall
R Henworth
S R Scott
R Hodge
C W Morris
M J Hill (appointed 19191231
Independent examiner
Kirsty Jackson BA (Honsl FCCA ACA
J W Hinks LLP
Chartered Accountants
19 Highfield Road
Edgbaston
Birmingham
West Midlands
B15 3BH
Pa8e I

WARLEY MODEL RAILWAY CLUB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Purposes and Alms
The objects of the Club are as deflned in clause 3 of the Constltution -to advance public education and foster a general
interest in railways, model railways and allied pursults and in particular to encourage a high standard of modelling
amongst its members"
Governance
The governing document of Warley Model Railway Club CIO is the Constitution; this 15 SUPPOrted by club rules {Byelawsl.
The charity is constituted as a club. Membership of the Club is open to anyone who is interested in furthering its
purposes, and who, by applying for membership, has indicated his or her agreement to become a member on
acceptance of the duty of members set out in the constitution.
The charity is run by the board of Trustees who are elected by the membership for a period of two years after which
the trustee may stand for further re-election in accordance with the constitution.
There is a minlmum of three trustees In accordance with the constitution; these are specific elected post holders in the
club as specified in the byelaws. There are currently eight trustees by decision of the members, this includes five non
post holdin8 trustees. Mr. Matthew Hill was appolnted as a trustee at the 2023 Annual General Meetln& whilst David
Crawford stood down as a trustee. The Trustees thank David for hls help and contributlons to the running of the Club
whilst being a trustee.
The club has a subsidiary company set up to run an annual exhibition. The directors of that company are two post holder
trustees Ichairman, and Secretary) and two other directors one of whom is not a trustee so as to avoid situations where
a conflict of interest could arise. The remainlng trustees may attend the meetings and assist the directors with thelr
decisions.
The trustees are supported by an elected commlttee who receive reports from the trustees and a financial update at
each meeting. All posts within the club, both formal and Informal, are voluntary and In accordance with the
constitution and bye laws subject to re*lection at set periods, whith means not all trustees are subject to electlon at
the same tlme.
Recruitment and appolntment of new trustees.
As set out in the charitvs constitution and byelaws trustees are appointed by the board of trustees.
The byelaws specify three club officer posts where the post holder is a trustee. The selection is by election. In additlon.
currently four other trustees are elected from the membership. New trustees are appointed at the first meeting of the
trustees after election.
On being elected new trustees are given detailed information of the finances and provided with copies of the documents
which set out the operation framework for the charity and the current financial position as set out in the latest published
accounts.
Ifthere is short period between election and appointment. we have found it useful for new trustees to attend meetings
as observers during the interim.
Rlsk Management
The trustees have a duty to identify and review the risks to which the organisation may be exposed to and ensure
appropriate controls are in place to provide reasonable assurance against fraud and error. This is completed by ongoing
revlew of artivities of the charity, a551sted by the elerted members of the commlttee.
To asslstthe committee members thetrustees have set outforthe commlttee member5 when consideringclub activities
how they meet the objectives.
Page 2

WARLEY MODEL RAILWAY CLUB
REPORTOFTHE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees have reviewed all the CIO policies and have considered those that cover financial rlsks and general
management ofthe CIO. The revlews take place at the beglnning of each year.
The following policles are in place and were reviewed In February 2023, and amendments made where considered
necessary:
Risk Management Statement
Loan Member Clubroom Access Pollcy
Equal Opportunltles Policy
Investment Policy
Vulnerable Persons Pollcy
Whistle Blowlng Policy
Provision of Informatlon Policy
Privacy, Cookie and Fair Processlng Policy
Minor Payments Policv
Finance CIO policy
Adult and Student members Codes of behavlour
Chlld Protection Pollcy, includes safeguarding
Coronavlr¢Js Policy
The trustees have considered the General Data Protectlon Regulations and have put into place policies which follow
guidelines and the General Data Protection Re8ulations. We wlll continue to Implement changes to policy as required by
regulation change5. Any change5 will be dlscussed by the committee.
Focus of our actlvltie5.
It is pleaslng to report that, followln8 2 years durln8 which the activities of the Club were severely curtailed by the
coronavirus pandemic, the Club returned to normal activities.
The maln activities of Warley Model Rallway Club C.l.O are to provide the facility for member5 to follow the hobby of railway
modelling. The club is arran8ed 50 there are informal autonomous groups that work on specific projects.
All club projects must be approved by the club committee which includes the trustee5. That group also has oversight of the
expenditure on such projects and must give its approval.
The club continues to develop it5 YouTube channel,, the channel Currently has over 4,20012023 4, 1001 subscribers. We
use the channel to showcase club and exhibition activities, to share skills and knowledge and to encourage growth within
the hobby. Through the YouTube community we try to reach out to like-mlnded individuals and 8roup5, to encourage the
sharln8 of skills and knowled8e. We have formed relationships with several groups to support the communities withln the
hobby and spread the word of the club and Its activities.
The Club also supports a Facebook and Instagram page upon whlch activities of the Club and its members are regularlv
posted. There are currently in excess 5,80012023 4,9001 followers of the Facebook page and 7,00012023 - 7,0001
followers on the Instagram page. The Club has also created a new Facebook page120241, following a change in exhibition
venue location that presently has 700 followers.
In addition to activltles at the Club, members contlnue to be active with thelr rallway modelling at home, often sharing
progress with fellow members uslng email, Zoom and the like. Members own modelling projects are often bought to the
Clubroom where discussion takes place on the techniques used in thelr construction from which all members can learn.
We held 2 free to enter open days in the clubrooms so that interested visitors can see the work of the club and its members.
Often these days result in new members joining the club.
Page 3

WARLEY MODEL RAILWAY CLUB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Publlc Beneflt
The trustees have had regard to the guidance issued by the Charlty Commission on public benefit.
The public benefit is to the club members permitting them to follow their hobby with the support of the club. Membership
is not restricted in any way except members are expected to have an interest in railway modeling. The public benefit is also
to members of the public who attend exhibitions or events and to the members of other clubs and organizations who can
borrow our equipment and use our clubrooms for meetings. The public are a150 able to view our instructional videos and
postings on both our YouTube and Facebook channels
How we delivered publlc benefit.
The objectives of the charity are promoted by the provision of facilitie5 for the club mernbers, exhibiting models at our own
and other exhibitions and club open days, and by providing support for clubs and associations with similar interests.
The traditional activities of the Club comprise the artivltles set out below:
We are ableto quantify the number of clubs, socletie5 etc. we havegiven supportto and to a lesser degreethe number
of people who have benefitted from our club open days but there is no means of measuring the total number of
people who have benefltted from all actlvlties that promote the club objectives.
Groups and indivlduals wlthin the club declde whether they will attend a particular event to exhibit club owned
models, the trustees retain a veto on such attendances if they, In consultation wlth the club committee, think such
attendance is inappropriate. This veto has, to date, not been invoked.
We have no control over individual's activlties whlch do not utilize club facllltles but where members purport to
represent the club they are encouraged to consider the club objectives.
We held our annual exhibltlon at the National Exhibitlon Centre returned in November 2023. Thls was our second exhibition
following our enforced absence during 2020 - 2021. The exhibition attracts visitors who are committed railway modelers
together wlth those on the fringe of the hobby. They enjoy a wide varlety of working model railway layouts, a lar8e cross
selection of trade manufacturers to the hobby, including the major manufacturers, and can improve their modelling
techniques by engaging wlth demonstrators of model railway techniques. The exhibition is a major fund raising activity for
the Club.
The clubrooms are normally available for members to use at any time provided a key holder is available for access. Our library
is available for the use of members and the publlc by appointment and is a valuable research tool for modelling projects.
During the year a new disabled and wheelchair access door was installed which gives a greater ease of access to the Club
rooms.
The club maintains points of contact through social networks and our web site. These act as a means of advertising our
organization but are also a means of contact for questions about our hobby. We can do this through volunteers from amongst
the members who undertake maintenance of the network5 together with the support of the library and the knowledge of
members who we can call upon for their expertise to respond to queries.
Other Activities
A5 part of their ongoing responslbilities, the trustees and elected members of the club committee consider ways to further the
objects of the club and to consider a 'strategy' for the future. A sub commlttee has been formed to consider possible ways
forward which will be put to the Club committee, Trustee5, and members in due course.
Page 4

WARLEY MODEL RAILWAY CLUB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The Club has continued to publish its quarterly members magazlne 'Screwlink' and the Chairman has produced a monthly
newsletter enabling both local and national members to keep In touch with the Club. This was particularly important during
the periods of lockdown with restrlcted acce55 to the Clubroom.
The Club has been able to assist and support the following likemlnded organisations during the year with either members
direct assistance, use of Club facllitles, or with the loan of Club owned equlpment- European Railways Association. Stafford
Railway Circle, Sutton Coldfield Railway Society, The Severn Valley Railway, The Scaleseven Society and the Statfold Narrow
Gauge Museum Trust. The Club also supported the Primrose Hlll Community Church- Netherton, Dudley at their Christmas
Fayre and also Christchurch the Quinton at their Coronation Fete.
The trustees thank all members of the Club for their ongoing support for all Club activities throughout the year.
Financial Revlew
Principle Sources.
The principal sources of funds are membership fees and the annual exhibltlon. Membership has remained static throughout
the year under review.
Our annual exhibition Is the maln fund-raising effort run by our wholly owned subsidiary company set up for the purposes.
There has been a grant to the charity from thls source following our 2023 show.
Reserves Pollcy
The Club intends to retain sufficient reserves to enable the club to contlnue to function for a S-year period should the grant
income be withdrawn. At approximately £25,000 p.a. expenses over income without any grant income, this requires
£125,000 to be retained in reserves. This wlll enable the club to continue its charitable activities whilst it explores
alternative forms of funding to replace the grants currently enjoyed.
Investment Policy
The object of any Investment activity will be to maintain the capital value of the assets of Warley MRC, whilst maximizing the
income return having regard to the attitude to rlsk. The Trustees consider that It is generally appropriate to adopt a low-risk
policy which will be further evaluated in relation to any investment policy.
The statement of Financial Activity for the year ended 31 March 2024 shows Incomlng resources of £43,12912023 £65,753)
and resources expended of £55,374 (2023 £48,105). Net outgoing resources for the period ended 31 March 2024 amounted
to £12,24512023 net incoming resources £17,648}.
Funds held as custodlan for others
The charity has no funds held as custodian trustee or on behalf of others.
Page S

WARLEY MODEL RAILWAY CLUB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STATEMENTOF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with
applicable law and United Kingdom Accountlng Standards Iunited Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each
financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and
application of resources of the charity for that period. In preparing these financial statement5, the trustee5 are required
to:
select Sultable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent,.
state whether applicable accounting standards have been followed,
Subject to any material departure5 disclosed and explained in the
financial 5tatementS;
prepare the financial statements on the golng concern basis unless it 15
inappropriate to presume that the charity will continue in operation.
The trustees are responslble for keeplng proper accountin8 record5 that disclose with reasonable accuracy at any time
the financlal position of the charity and enable them to ensure that the financlal statements comply with the Charities
Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and
detertion of fraud and other irregularities.
ON BEHALF OF THE BOARD.,
The fi
ancl I statements were approved by the Board of Trustees on 2 July 2024 and were signed on its behalf by..
ner
Trustee
Page 6

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF
WARLEY MODEL RAILWAY CLUB
I report on the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which
are set out on pages eight to seventeen.
Responsibllltles and basls of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the
Charities Act 20111'the Act'l.
I report in respect of my examination of the charitls accounts carried out under section 145 of the Act and in carrying out
my examination I have followed all the applicable Directions given by the Charity Commission under section 145151{bl of the
Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect-
(i)
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
121
the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should
be drawn in thls report in order to enable a proper understandlng of the accounts to be reached.
Kirsty Jackson BA (Honsl FCCA ACA
J W Hinks LLP
Chartered Accountants
19 Highfield Road
Edgbaston
Birmingham
West Midlands
B15 38H
2 July 2024
Page 7

WARLEY MODEL RAILWAY CLUB
srATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
2024
2024
2023
Unrestrlcted
Funds
Restrlcted
Funds
Total
Fund
Total
Fund
Notes
INCOME AND ENDOWMENTS
Donations and legacies
Charitable actlvlties
22,456
123
22,579
47,936
Charitable activities
18,609
18.609
17,566
Investment income
Investment Income
1,939
1,941
251
Total Income
43,CQ4
125
43,129
65,753
EXPENDITURE
Charitable actlvltles
Cost of charitable actlvlties
951
951
737
Support costs
Grants payable
Total expendlture
52.475
52,475
46,308
1,948
1.948
1,060
55,374
55,374
48,105
NET INCOME/{EXPENDITURE)
112,3701
125
112,2451
17,648
RECONCILIATION OF FUNDS
TOTAL FUNDS BROUGHT FORWARD
188,176
148
188,324
170,676
TOTAL FUNDS CARRIED FORWARD
175,806
273
176,079
188,324
Page 8

WARLEY MODEL RAILWAY CLUB
BALANCE SHEET
AT 31 MARCH 2024
20Z3
Total
2024
Total
Funds Funds
Restrlcted
Fund
Unrestrfcted Fund
Notes
FIXED ASSETS
Tangible assets
Investments
34,018
I,ooo
34,018
1,000
34,337
1,000
35,018
35,018
35,337
CURRENT ASSETS
Debtors
Cash at bank and in hand
io
2,467
144,188
2,467
144,461
2,360
156,346
273
146,655
273
146,928
158,706
CREDITORS
Amounts falling due wlthin one year
li
15,8671
15,8671
15,7191
NET CURRENT ASSETS
140,788
273
141,061
152,987
TOTAL ASSETS LESS CURRENT
LIABIUTIES
175,806
273
176,079
188,324
NET ASSETS
175,806
273
176,079
188,324
FUNDS
Unrestricted fund
Restricted fund
13
175,806
273
188,176
148
TOTAL FUNDS
176,079
188,324
Page 9

WARLEY MODEL RAILWAY CLUB
BALANCE SHEET- CONTINUED
AT 31 MARCH 2024
The charitable incorporated organlsation is entltled to exemption from audit under Section 14412} of the Charitles Act
2011 for the year ended 31 March 2024
The members have not requlred the charitable incorporated organisatlon to obtain an audit of its financial statements
for the year ended 31 March 2024
The trustees acknowledge their responsibilitles for:
lal
ensuring that the charitable Incorporated organisation keeps accountlng records that comply with Section 130
of the Charities Act 2011 and
{bl
preparing financial statements which give a true and falr view of the state of affairs of the charitable
incorporated organisation as at the end of each financlal year and of Its surplus or deficit for each financlal year
in accordance with the requlrement5 of the Charities Act 2011.
The financlal Statements were approved by the Board of Trustees on 2 July 2024 and were signed on its behalf bv;
J C Hall -Trustee
Page 10

WARLEY MODEL RAILWAY CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POUCIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financlal statements of the charltable incorporated organisation, whlch is a public benefit entlty under FRS 102,
have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reportlng by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRSI leffectlve l January 20151,, Financial
Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, and Charities
Act 2011. The financial statements have been prepared under the historical cost conventlon.
FINANCIAL REPORTING STANDARD 102- REDUCED DISCLOSURE EXEMPTIONS
The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as
permitted by FRS 102 Yhe Flnancial Reportlng Standard applicable in the UK and Republic of Ireland,:
The requirements of Section 7 Statement of Cash Flows.
INCOME
All incoming is recognised in the Statement of Financial Activities once the charlty has entitlement to the funds, It
is probable that the income wlll be received and the amount can be easily measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obllgation committing the charitv
to that expenditure, It Is probable that a transfer of economic benefits will be required in a settlement and the
amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basls and has been
classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed
to particular headings they have been allocated to activities on a basis consistent wlth the use of resources. Grants
offered subject to conditions which have not been met at the year end date are noted as a commitment but not
accrued as expenditure.
TANGIBLE FIXED ASSETS
Depreclation is provlded at the following annual rates in order to wrlte off each asset over its estimated useful life,
Leasehold property
Fixture and fittings
5% on cost
20% on cost
TAXATION
The charity is exempt from corporation tax on its charitable activities.
Page 11

WARLEY MODEL RAILWAY CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES Icontlnued)
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the dlscretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 12

WARLEY MODEL RAILWAY CLUB
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
tKINATIONS AND LEGACIES
Unrestricted Restrlcted
2024
2024
Total
2023
Donatlons
21,109
123
21,232
46,406
Gift ald
1,347
1,347
1,530
22,456
123
22,579
47.936
INCOME FROM CHARITABLE AcfiviTIES
Unrestrlcted Restricted
Total
2023
Membershlp Income
Full membership
Student membership
Associate membership
10,636
10,636
273
10,748
338
273
2,052
2,052
1.955
Other Income
Refreshment sales
1,544
4,104
18,609
1,544
1,201
Sundry sales
4,104
3,324
17,566
18,609
INVESTMENT INCOME AND GOVERNMEf+lT
GRANTS
Unrestrlrted Restricted
Total
2023
Bank interest receivable
1,939
1,941
251
Page 13

WARLEY MODEL RAILWAY CLUB
NOTESTO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
COSTS OF CHARITABLE AcfiviTIES
2024
2024
2024
Unrestrlcted Restricted
Total
2023
DIREcf COSTS
Screwlink magazine costs
Library costs
651
651
538
300
300
199
951
951
737
Unrestrlcted Restrlcted
Total
2023
SUPPORT COSTS
Postage and stationery
Rent
255
255
172
19,686
19,686
19,686
Insurance
2,721
6,405
3.883
2,721
2,475
6,266
Light and heat
Rates
6,405
3,883
3,380
654
Telephone
Sundries
751
751
3,667
7,104
2,823
3,480
3,667
3,630
7,545
900
Depreciation of tanglble flxed assets
Repairs and maintenance
Professional fees
7,104
2,823
3,480
Examlners fee
1,700
1,700
1,600
52,475
52,475
46,308
Page 14

WARLEY MODEL RAILWAY CLUB
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
GRANTS PAYABLE
Charitable activities
60
During the year, a donation of£300 was made to Macmillan {2023= NIL). £60 in donations were made from Hardship
Fund in 2023 - £nil durin8 2024.
During the year ended 31 March 2024 the charity made the following grants to institutions in order to contribute
towards the advancement of public education and to foster a general interest in railways. model railways and allied
pursuits and to encourage a high standard of modelling.
2024
2023
Severn Valley Rallway Trust
RNLI
550
98
Wyre Forest MRC
Cradley Heath MRC
Sollhull MRC
250
250
250
250
250
250
Sutton Coldfield RS
250
250
1,648
1,000
Page 15

WARLEY MODEL RAILWAY CLUB
NOTESTO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for theyear ended 31 March 2024 nor forthe period
ended 31 March 2023.
TRUSTEES, EXPENSES
There were no trustees, expenses pald for the year ended 31 March 2024 nor for the period ended
31 March 2023.
TANGIBLE FIXED ASSETS
Leasehold Buildlng
improvements Fixtures & flttlngs
Totals
cosr
At l April 2023
Additions
45,520
36,536
6,785
82,056
6,785
Disposals
At 31 March 2024
45,520
43,321
88,841
DEPRECIATION
At l Aprll 2023
Charge for year
Eliminated on disposal
19,823
2,276
27,896
4,828
47,719
7,104
At 31 March 2024
22,099
32,724
54,823
NET BOOK VALUE
At 31 March 2024
23,421
10,597
34,018
At 31 March 2023
25,697
8,640
34,337
Page 16

WARLEY MODEL RAILWAY CLUB
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
FIXED ASSET INVESTMEKrs
The investment of £1,000 represents ICM)% of the share capital of Warley MRC Exhibitions Ltd that is owned
by the charity. The register company number of Warley MRC Exhibitions Ltd is 02728388.
The principal activity of Warley MRC Exhibitions Limited is that of exhibition management.
The results of Warley MRC Exhibitions Ltd are as follows-.
2024
2023
Turnover
379,872
(356,714)
365,038
Expenditure
1350,1701
Profit/{loss)
23,158
14,868
Net assets
427,553
409,328
io.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Prepayments
2,467
2,360
2,467
2,360
ii.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other creditors
290
270
Accruals and deferred income
5,577
5,449
5,867
5,719
Page 17

WARLEY MODEL RAILWAY CLUB
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
12.
OPERATING LEASE COMMITMENTS
Future minimum lease payments under operating leases..
2024
2023
Due in one year
Due in two to five years
9,082
9,082
13.
MOVEMENT IN FUNDS
Net movement
In funds
At 1.4.23
At 31.3.24
Unrestrlcted funds
General fund
188,176
148
112,3701
125
175,806
273
Restricted fund
TOTAL FUNDS
188,324
112,2451
176,079
Net movement in funds, included in the above are as follows..
Incomlng
resources
Resources
expended
Movement
in funds
Unrestrlcted funds
General fund
Restricted fund
43,004
125
155,3741
112,3701
125
TOTAL FUNDS
43,129
155,374)
112,245}
Purpose of unrestrirted funds
General fund
This fund represents the free funds of the charity that are not designated for particular purposes.
Restricted fund
This fund represents the members, hardship fund
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WARLEY MODEL RAILWAY CLUB
NOTES TO THE FINANCIAL STATEMENTS- CONTINUED
FOR THE YEAR ENDED 31 MARCH 2024
IS. RELATED PARTY DISCLOSURES
Warley MRC Exhlbltions Limlted
Warley MRC Exhibitions Limlted is a l(M)% subsidiary of the charity.
During the year, the charity paid rent of £19,500 (2023- £19,500) to Warley MRC Exhibitions Limited.
16. ULTIMATE CONTROLLING PARTY
The charity is controlled by the trustees as listed in the Report of the Trustees.
Page 19