LANCASHIRE AND YORKSHIRE RAILWAY TRUST
(Charitable Incorporated Organisation)
Trustees’ Annual Report for the period 1 April 2023 to 31 March 2024
Legal and Administrative Details
The charitable incorporated organisation was registered on 15 May 2014 as Lancashire and Yorkshire Railway Trust.
Registered Charity number
1157071
Principal office
The Railway Station Haworth Keighley BD22 8NJ
Trustees as at 31 March 2024
MR RICHARD STEWART GREENWOOD MR ROBIN HIGGINS MR ERIC GEORGE RING
MR PETER EASTHAM MR IAN HOLT
Selection of trustees
The charity’s Constitution specifies that the number of trustees shall be not less than three and not more than twelve, providing for new trustees to be selected by the members or trustees. On incorporation and registration of the charity, the six founding members were appointed as the current trustees and mutually agreed service periods, with retirement spread over three general meetings.
Governing document
The charity is controlled by its governing document. The Constitution is the Charitable Incorporated Organisation Association Model which was registered on 15 May 2014 and was subject to revisions approved at a General Meeting on 18[th] December 2021.
Object of the charity
To advance public education, learning and skills development by the acquisition, restoration, preservation, exhibition and operation of such Lancashire & Yorkshire Railway locomotives, rolling stock, equipment and artefacts, relics, documents and records of historic and academic interest as the charity trustees may from time to time decide.
Description of work in the period
The CIO was formed on 14 May 2014 to take over the work of an unincorporated charity of the same name, registered charity number 1002627.
The CIO has continued to preserve, restore and maintain its locomotives and rolling stock for public operation and education, the activities providing opportunities for learning and skills development for those involved in the work. Subject to the limits of health and safety regulations, preservation work and restoration work in progress is displayed to the public.
In the period to 31[st] March 2024 the trustees resolved to complete restoration of a number of doors under contract on six-wheel carriage 1507 utilising funds from reserves in addition to donations gratefully received.
Reserves policy
The reserves policy is to retain sufficient funds to meet the ongoing liabilities of the charity together with funds required to further the object of the charity. The Statement of Financial Activity for the period ended 31 March 2024 shows incoming resources of £38587.81 and resources expended of £14636.74.
Lancashire and Yorkshire Railway Trust - CIO registered number 1157071 1 Recelpts and payment accounts Accounting pefiod 1st April 2023 to 31st March 2024 Section A Receipts and payments Unrestflcted 16Enerall Fllfid I¥ated Fund5 iocomtst Totsl Fund5 2022-2023 Carriages LYR 19,. 51218 LYR 752 1 Repairs LYR 1474 B84:34j 17.IL5:05 21.Y14.43', O.iK) I52.99 LYR 1507,. Openiry at bank S8152 753.23 Recelp Subscriptions¥AthGiftAd sub5criptionswithoutGIttd Oonationswithourfjrftd Donationswith GiftAid Collectifii boxes Gift Ald rebatefrorn HMRC SaSof 5rck 810. BlO.C() 770.CQ 170.(X) 0. 7,S50.rM)' ?0,491. jY98.(K) 30.DJ I,r¥J5. S.124.50, 9104.so 2.3.49 2238.62 2.128.45, 4059.75 io,asi.iXli l500.oj 3.979.501 560.491 1.602.20 50.0)1 lo.(, 95.¢ 243.75 69.23 2.152SO 324.36 405.70,, 71.85 39.66 I,ofy). IA37.62 377.70 4.352.50,. 2600.00 24.41,, 219.34 Donaln5v pwVAm•ionlJuStGfvWGfv•u¥ouU sa$v14 E¥1pa¥Pal net of y>tsoe rC E)JaylPaypwl p05taViÈttlved Insurance rtto¥ery 24.41 218.84 20,512A3 4,796.73 218.B4 9I38.4L 38.587.81' 35037.91 Totil I,w.86,, 2x80.70 P•yments Purch45eol 5tvrk Ebjylpaypbl postay and st4tk)Trery EbsvlPaypal Itesand chai8es 3b o.coi 62 237.49 3.86 232.06 278.00 536 68.C¥) 237.49 o.(K)I embership 411¢1 ONTRU5TiournJl/N¢wil¢ttrr prlntlnl ON fAUSTj¢u¢hl INewsltttF posts Mattfials Websire fee5 eriraBe RlvAxo¢ & TranwrtTrustmernborshlp InSur4nce 329.50 329.50 478.39 o.¢x)I 8,621. 9.099.39 144.101 156.t)),' 27555.48 144.10 156.C•J 110.12 264.00 3448.06 O.W, 8,621.ts)' L4,636.74' 32505.58 4.065.f4 5,542.35 Totsl 47Y.39 e(dpt$lèM P•ym Tran51er5from 4eneral to Support desiinated lunds Transle15 Ilom de%in•thd lund5 toienEf•lfund Clo 14,970. 4,323.34 I,C96.861 2mO.70 IC9.35 1,217.41 13.951.07 2532.33 53,821.60 5.207.68 18,211.91,, 23.405.13. 143.13 I, 142.34 1.217.411 103,036.63 79085.56 Closln8 bal•nce at LloydsTrea5urersiccowt Lki¥dschequEs1$5ued but notTrYttkn•red a051n4 at Utsyds Notke iccount Cthsh In hand Che4ue5 not yerwe5ented Paywl luno 18,562S4 -125.73 83,330.02 820.38 125. 324.42 103.036.63 otes l. Funds reportedit ckisureo12022-2023 iccounts. 2. Aid recoveryghd bnk inttrnxt ire •¢wynt•d on rnt•ipt nd•lbr4¢•dln proportbntothfryneral or desiinit¢dfunds tOwhl¢h thYapp. 3. PayPil sa5 Jre nEt Jrnount5 recW¥l• I• Of wods(k)n•tedto the tIVSl.. 3• thows relmbJrsm•ntof ptssts costs. ab W)Sta8e inEurred. 4. Insurance recoveryi5thai proportion received from• prwJteindNidwl w15CrrI ix intJuthd¢)hth•tru# policy Jnd throwh Ilrnini teTrdsto fall Inthe a¢Wunt4fiearf9lwlr4the titsst's Out¥. 5. ChJry5for items sdd•nd unsold via ebAyi also P*yPal dDnatiOh IEts 6. Arnount retaintd in Paypal accountfrom dorbatbns andto service ebaY$aS, charyes•nd pOe refvnd5. Approved andJccepttd byth•trus¢e¢s Page 2
Section B Statement of assets and liabilities as at 31st March 2024 Unfestrictèd funds tlesignatgd funds n•argst£ Categorles D8tails to n•ar88t£ Cash funds Cash in hand aThl at bfiftk 63,822 49.215 Total cash funds 53.822 49,216 Unr•$trictgd funds Deslgnatad funds Detail$ to n•arnrt£ ty) nMrnsi£ Other monetary a8s0ts Fund to whlch Ot b•knn Oetall8 Cost lopkn• Inve8lment a888ts N¢x Fund to whlch aJ••t kIn Details Co•t loptlon•ll A88ets retained lor the charity's own u80 L&YR fF4-O Pug bxmcth• 51218 L&YR CL4-O Pug IoMot• 19 DoswJna¢•S L&YR IW Saddknank 1xomcll 752 Do8wJnaled L&VR &wh8el First C8mag• 279 unre511•d L&YR 8-whl Third Cama90 1507 Oesynat•d L&YR Bog Brake Third Cam8ge 1474 0osvJnated L8YR Bogio Club Carn48 47 Unrestricted CarrFBge& repairs DesvJnaled Tools and oquipment Unrestricted Spare parts Unrestiicted Stalionery unrmI1•d Sth8 Sto Unrv#iitie Fund to whkh Il•bll Afflount du• Details Llabllltles Appro¥•d and aee•pt•d ty t truste Page 3
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees Lancashire and Yorkshire Railway Trust On accounts for the year ended 31 March 2024 Charity no (if any) 1157071 Set out on pages 2and3 I report to the trustees on my examination of the accounts of the above charity (Ihe Trust.) for the year ended 31 March 2024. Responslblllties and basis 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 2011 ('the Acf). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent I have completed my examination. I confimi that no material matters have examlner's statement come to my attention in connection with the examination (other than that disclosed below ") which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements concerning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: Name.. Frank Lewis Hodgkiss Relevant professional qualification(s} or body (If any): F.C.A. Address: 195 Newbrook Road. Atherton Manchester M46 9HA IER Oct 2018