.KlJ.Ii'
FURNESS RAILWAY TRUST
Rewtered Charity No. 1163073
Tnistees, Annual Report and Accounts
2020

FURNESS RAILWAY TRUST
(Registered Charity No. 1163073)
Address for correS￿ndenc￿.
Meadowside.
105, Station Roa
Cark-in-Cartn]el,
Grange-over-Sand4
Cumbria
LAI17NY
Annual Report of the Trustees for 2020
l. Governanee Adn)ini8lrAtion
The business of th¢ Furnth8 Railway Tn￿ a Charitable Ineorw)rated Organisation
(CIO). is managed by TnLStees in ac<ordanL% with a ci)nstitulion approved by the
Charity Commission. The Chainnan is responsible for coordinating the day to day
management of the affairs of the Tnjsl. One third ofthe Trnstees retire at each
Annual Genernl Meetin& in accordance with the constitution. A briefing d￿UMent is
given lo new Tn￿tees. which outlines the history of the Tru￿ and its currenl
obligations. The documenl also details the responsibilitics of Trustees as dcfined by
the Charity Commission.
The Trustees med on a number of Lxcasions throughout th¢ year in order to m8n88e
the Trust's affairs and to agr¢¢ rwuircd wurses of actii)n.
The accounts (financial statements) have be¢n prepared in ￿OrdanCe with thc
Statement of Recommended Prnctice: Accounting and Reporting by Charities
preparing their accounts in accordancc with thc Financial Reporting Standard
applicable En the UK and Republic of Ireland issued on the 14th July 2014, Financial
R¢portin8 Standard 102. and with the Charities Aci 2011.
The Trust's banker is the Royal Bank of Scotland. Dir¢¢t Business Banking, 4th Floor
l Hardman Boulcvard. Manchester. M3 3AG.
The Tn￿l'S Independent Examiner is J Priestley ACMK CG￿ 24 Scarborough
Road, Si. Annes, Lytham St. Annes, Lanwshir¢ FY8 3ES
TruJttcJ Commlttre Mrmbrr•
Th¢ following were the appointed Trustees of the Furne5s Railway Trust during 2020:
K. Brewer
J. Dixon
J.M. Kay
A. Middleton
T.D. Owen {chaim￿)
A.M. Rigg
D.A. Rimmer
N.R. Smith
P. van Zeller
The above Trustees wer¢ responsible for preparmg and approving this report.
Page l of 5

3. Objeeifves and Adiyities
A summary of the Object and Powers of the Furn¢ss Railway TTUSt is attached as
Appendix A at the end of this reix)rL
The principal activities of the Fllrn￿ Railway Tnjst IFRT) during 2020 were the
acquisition. restoration and operation of histori¢ items of rolling st(Kk. The Trustees
worked to address the long t¢rni objective of the establishment of a railway museum,
with appropriatc facilities for the display. stora8e and restorntion of rnilway rolling
stock and associated equipment.
In shaping the Trust's objectives, the Trustee5 gave due consideration to the Charity
Commission's guidance on public benefit with the object of advancing education
through its work. both in the short and long¢r l¢rni. The Trustees also took into
account the need to maximis¢ public accessibility to its assets. some of which are
UTkiqU¢ and of major his1ori￿1 importanK including affordability wherever possible.
4. Achievements and PerformAn¢e
The two lock downs during the year ￿llSed by the Covid-19 pandemic and the
ongoing associated restrictions on businesses and travel severely impaeted on th¢
Trust's a¢tivities and financial p¢rfornanc¢ during 2020. Rolling st(Kk hire. was
particularly badly aff￿ted with Hunslet'Austerity' O-6-OST locomolive Cumbria
being the only steam locomotive from the I'rusV$ fle¢1 to Cam any in￿Me. being on
hire to the Embsay & Bolton Abbey Skam BAilway durin8 2020.
Forn]er Great Western Railway O-6-2T IC￿Motive No. 5643 was transferred to the
Trnst's Preston base from Embsay after the end of the first lock down and. with the
locomotive hire market being quieL the opportunity was taken to undertake some
maintenance work before the locomotive was transferred to the East Lancashire
Railway in November, However further I￿k dowm restrictions preventd its planned
use over the Christmas period.
The ten year overhaul ai Preston of Furncss Railway 1￿mOtIve No. 20, Britain's
oldest workin8 stsndard gauge sleam locomotive. inevitably been delayed by the
pandemic 8nd th¢ locomotive is not now ¢xpect¢d to steam again until the middle of
2021. Similarly, the overhaul of PeLkett locomotive (H-OST Caliban has also been
delayed but some work on th¢ rnotion. lubrication sys*m and smokebox possible
when a¢¢ess was allowed.
The long terni restoration of forn)er Great Western Railway 4-6-0 'Hall' class
locomotive No. 4979 Wootton Holl continuod. albcit Jlowly¥ with rvoeipt of thv
new valv¢s and crossh¢ads and also with fillther woAt b¢in8 ￿h]eVed on the boiler
pipework and fittings.
The restorntion of the Trnsvs dies¢l shunter 044JDM Fluff h&s continued when
Possible with the fabrication of new steelwork for the superstructure being the main
task. The Trust¢¢s have approved the sourcing of a replacement engine. the original
being considered being trwond repair, and it is hoped that the relaxation of travel
restrictions in 2021 will ￿1St this process.
Reduced resources as a result of th¢ pandemic hav¢ in¢vitsbly d¢layed all projects
including the Start of the restoration of forn)er Furness Railway I￿oMotIve No. 25 of
1865 and also the ongoin8 overhaul of Great FAstern Railway Royal sal(K)n No. 5.
Throughout the pandeTnic the priority of the Tn￿teeS has been to ensure the safety of
th¢ Trnst's volunteer workforce through undertaking statutory risk assessments and
implementin8 Covid secure working prdctices. The T￿￿CeS are grateful to all the
Tru5Vs volunteers for their understanding of the imp)rlan¢e of these measu￿5 and for
their acceptance and adherence to these new Pr(￿UTes.
Page2 of 5

The Trustees conduct an annual Risks and Vulnerabilities Review. The Twst¢es had
Previousty identified the need to attract younger volunteers to assist and learn from tts
existing ageing volunteer workfor￿. The pandemic has affected plans in 2020 to use
the platfonn of the new shed to achieve this and it is ho￿ that 2021 will enable this
iDitiativ¢ to be effected
All activities of the Furness Railway Trust are undertaken by volunteers and the
Trustees wish to thanks all its hard WOTking memkrs for their supwrt during the
diffi¢ult limes experienc¢d during th¢ pandemic.
There are no paid ￿aff employed by th¢ TrusL
5. Finanelal Positio
Total income. ai £20.988. was well below thal of £72.09] in 2019. In particular
Rolling Stock Hire. £1 1.018. was less than a quarter of that achiev￿ in 2019
reflecting th¢ dI￿l¢U1t timeg experience4J by the leisure market durin8 the pandemic.
ReCo￿lsing the financial impact that the pand¢mic would h8ve on finances, the
Trustees restricted expendIti￿¢ to that rcquir¢d to progress the overhaul of Furness
Railway No. 20 and also to mak¢ b¢sÉ us¢ of the volunteer resources available.
The main expenditure therefore was on i￿)mOtive ReSt0rntio￿ Maintenance and
Repairs where a total of £35,604 was exFKnded compared with £40.810 in 2019,
mainly arising from the prfrordered crossheads and valvcs for 4979 Woollon Hall and
new engine springs for Furnes5 Railway No. 20.
Pandemic restrictions meant that there was no D& in¢om¢ from fundrnisin8 activities
such as the sales stsnd and from folk group Live Sieam.
Overdll, total expendi￿re at £47.699 was £26.711 more than income, reducing net
funds by that amount to £500.538.
6. Roservej Pollry
The Trusl¢e5 b¢li¢ve thai despite the dilyiculties caused by th¢ pandemic. the Furness
Railw&y Trust's current finances continue to be satisfactory. There is an ongoing nced
to maintain an appropriate level of reserve to provid¢ for future OV¢Thauls of the
Trust's operational I0￿MOtIveS and coaches. Fundraising will conlinue primarily for
this purpose and also to fi￿d the longer terni restoration projects.
7. Looklng Forward.. Covid-19
The third pand¢mi¢ lock down. which started on the 5th January 2021. along with
rther ongoing r¢stri¢tions until the middle of 2021 will again hav¢ & detrimentsl
eff¢¢t OA the Trusvs fllwlces and expenditure controls will remain in place to ensure
that resetves are maintained for firture overhauls whilst allowing a Me￿u[ed level of
progress on key restoration projects.
The FRTS Trustees will continue to protect Tntsvs assets, finan¢tt and the health of
its volunteer workforce during this challenging period of time.
Page 3 of 5

Finally. the Trustees again wish rth their grate￿1 thanks to membeTS and followers of the
FRT for their continued supFKJrt generosity during 2020.
The Trustees declare that they have approved the TTUStees' Rew)rt above.
Tim Owen
Chairm8n
19th April 2021
Neil Smith
Se¢r¢l*ry
19th April 2021
Page 4of 5

Appendix A
SUMMARY OF OWE￿ AND POWERS
The object of the CIO is to establish a railway museum for the benefit of the public and the
CIO has power to do anything to fijrther its obirt in particular. the power to..
(a) acquire and preserve railway IC￿0m0t1V&% railway GqfTiages and other items of rolling
strKk and ass￿l8ted equipm¢nt.
(b) resto￿ and maintain such items. house them and put them on display. loan or hire
them so thai they may b¢ used. if pradicable. and make suitable arrangements for
their continued preservation far &8 is w>ssible.
(c) sponsor the publicalion of boo￿ articles etc. containing infornlation ab)ut th¢se
items and rolling st￿k and rnilways generally, and otherwise to promote intrrest in
these subjects.
(d) Procure contributions to the CIO by w50n￿ or WTitten appeal4 public meetings or
otherwise.
(e) employ and remunerat¢ $uGh staff &8 are ￿CeSsary for carrying out th¢ work of thc
cio.
(e) buy, tske on lease or in ¢x¢hange. hire or otherwise acquire any property and to
maintain 8nd equip it for usc.
(g) sell, lease or otherwise di$￿se of all or any part of the propety belonging to the CIO.
(h) borrow money and to charge the whole OT any part of its proF¢rty as security for th¢
repayment of the money borrowed.
Page5of 5

FURNESS RAILWAY TRUST
RegiBtered Charity No. 1163073
Accounts for the 12 Months Ended 31st December 2020
Statement of Financlal Activities
2020
Unrestrlct•d
Fund•
2019
Tatsl
Fund•
Notes
INCOMING RESOURCES
Incomlng R•8ourc••
3 Income and Endo¥wment• from:
4 DonalionslLegaaos and Tax Reco¥•rablo
5 Charitable Adivilies
6 Other Trading A¢tlvltie#
7 Invtsslments
Other
Total Incomlng R••¢urc••
9,818
11.018
24,132
46.633
1.071
255
118
20,988
L••• RESOURCES EXPENDED
8 Exwndltur• on:
9 Raising Funds
10 Charitable AdvEle8
11 Governance
Totsl Re•ourc•• Exp•nd•d
349
47,132
218
47.699
1,057
53,364
213
54.634
Not Incomel{Exp•ndltur•l
17,457
Tr8n$fers Behveen funds
N•t Mtyv•m•nt In Fund•
-26.711
R•eon¢lll4tlon ol Fund•
Totsl Fund• Brought Fovward
527349
509,792
Total Fund• C*ffl•d Forw•rd
527.24
Page 1

FURNESS RAILWAY TRUST
R•glsloY•d C￿lIty No. 1163073
Notes
Balance Sheet as at 31st December 2020
2020
Unmtrictsd
Fund•
2019
Total
Funds
Flxod As80ts:
13 Tangible Assets
14 Heritage Assets
Total Fixod A8•018
195.426
106,296
301.722
200,848
106,296
307,144
Curronl A08frt8:
15 Stock
16 Debtors
Cash at Bank
Cash in Hand
Total Curr•nt A88•t•
2,038
6,272
199,367
60
207.737
1,837
59.392
206.932
60
288.221
17 Credltorn: amounts due wthin one yr.
N•t Curr•nl A•￿t$l(LIabl1ltl￿I
5,3
202,341
45,091
223,130
Total Assets108• Curront Llablllt108
504,063
630,274
17 Credltord: amounts due after one yr.
{3.525)
{3,0251
Total N•1 A•••ts
500,538
527,249
Fund8 of the Chadty:
Total Funds Brought Forward
Add Net Incoming Resources
Total Fund¥ a¥ at 31.12.2020
527,249
126,7111
509,792
17,457
527 249
rim
Chaiman
19th Aprll 2021
N•ll Smlth
Secrotsry
19th Aprll 2021
Page 2

FURNESS RAILWAY TRUST
Registered Ch#rity No. 1163073
Notes to the Accounts -12 Months Ended 31st December 2020
Note I
Bas16 of A¢¢ountlng
The accounts are for the frmjrth full year of cw8tK#) of thè Charitable ln￿rpr￿thed Organi&ition
Fume$$ R8ifv4ay Trust 1163073 took over the assets arKI operations of the unincorporated
Fumos$ R8ifv4ay Trust Registered Charity 1(M)5211 fmm tho 1st December 2015.
The 8c¢ounls have been prepa￿ in ￿C0[danCe ￿ the Statement of Recornmended Practice..
Attounling and Reporting by Charib•s pr•paring their ac£ounls in accordance with the Finarrial
Reporb'ng Standard applicable in the UK and Republic of Ireland {FRS1021 iSsL￿d on
16th July 2014, Finanryal Reporfing Slandard 102, and vhth the Chanllss A¢t 2011.
The 8c¢ount8 have been prepared on the basis thal th* uninc¥ywnled and CIO tharrtses have
merged, as defin8d in Ihts Stalemtrnt of Rec¢)mmended Practice.
T￿8¥ a￿oUnt8 have been prepared und6T the hist(wul o)81 cs)nvenlion with Tlem8 recogni8ed at
81 or Iranadion Val￿ ￿n￿SS Otherwse statell in th& rel￿8n1 noteslsl lo these acL4Junts.
Th8 Furngss Ra1￿Y Trust oJnstitLrtes a public ben&fit ontity as d&fined by FRS 102
These aco)unts hav8 been prep8fed on the basls that the Furr￿SS Ra1￿Y Trust is a going c¥n¢wn
after taking into account the ￿rrent and 8ntiapat&J levels of actNJty.
P4rt• 2
Accountlng Pollcy
Income
In¢orning Re8ource8, th￿￿Uding grant$, fjf8 a¢rAwntsd fty a receivable basis.
Tho balance ol one pr8vioLbsly notified legacy was indud8d in thg 8c£ounts.
The valuo of donated goods 18 re￿0n18•￿ onty on Sale because ofthe PT8ctscalib88 of measuring
the value of such good8.
Goods donated for ongolng use by Ihg charrty are recognlsetl as tangl￿8 8888ts and I￿luded In tha
Slalemenl of Financial Actwrties as ineoming resouces when receivable.
The value of any voluntary hdp r￿a￿Ved is not Indud•d In th• a¢o)unts PArt 1$ d•suiW in th¢
Trustees. Annual Raport.
Exp•ndlturn
Re80urces Expended are 8CCOL#tted for on an accruals ba￿$ indud• r•¢c£nrtion of Ilabllw
8ri$ing from l•gal or ¢onstruth've O￿lga￿On which commits the oryJanlSat￿ to expenditure.
Cgrt81n 8UPPOrt CO818 {In¥uranc* and Printing, St8tionery. Postage) are apporboned betr￿n
8CtiMbes based, %there pos$ibb. on knry4vn rnsl drlvern.
Governance C08ts are shovm soparately for tho purposo of darlty and, rJ)ntrary to thg SORP,
not spread across ath"U&s f)e¢aLOe tw 81? d11ft￿lt to all￿ and are not material in 81ze.
Page 3

Tangib￿ and lIx￿ amets for use ty th• c￿rtty
A lor¥J temi shed lease. purchased in 2019. ts being dek)re(¥ated on a straight line basis ¢)ver 50 years.
A pOrta￿e building and ftxod safety gear are being depreciated on a str8i9hl line basis over 15 years.
ant and Equipment assets KHIrd￿S￿lI can be used for more than onè year are c8prtalised
and depreuated on a straighl line basis at 8 rate of 25% per annum.
Assets purchased after 1st ￿￿eMber 2015 arn onty opilalised 5ftW ￿>s{ £2C(l or
Heritage Assets
HerFiage Assets are 5howTJ on the baLinca sh*t at cost or, In thè c88e of donated items,
realisb'c value estimal8d at the timè of donation. An exception has been made
Fume$s R8I1w8y No. 20, built 1883. This histon¢ loo￿OI1¥e 1$ unNue. diffic#Jlt to value and is not
inc4uded,' there has t*en appwmalety £148.(KXI spent on il. The Trust's colleth.on and 05$￿•1
Policy $lale8 that Ihefe'should b8 a presumpb'on a9alnst diskN)sal.' Grants received of £111.IXQ
would potsntially ￿ repay&)le il this item wa8 scld.
St¢ck3
Stocks aro valued al the lesser of fA>St or rec￿¥0[￿ val￿.
O•btor•
Debtor8 lindudlrKJ Ir8de debloTS and loans receivable} are m¢a$urwJ M inth.al r•o>3nilion at
$ettlem¢nt 8mounl after any trade discounts. SUbs•qu￿￿Y 8r• m￿sUr•j at th8
¢8sh or other con&doration oxpertod lo b8 r￿oi¥8d.
Crndlt¢v*
Creditor8 are measured at transath.on prké.
Nots3
Analy•l• of In¢om•
2020
Unrn•trl¢t•d
Fund•
2019
Totsl
Fund•
Not• 4
Donatlon• and L•ga¢l••
Don8tion$ and GTfts
Legacies
Glft Ald
Membershlp Subscriptws
Total
15.038
1,771
1.443
9,818
4,193
1,543
24,132
Note S
Chorotsblg Actlvltb•8
Rolling Stock Hire
Book Sales
Other Income
Total
11,018
46,577
50
46.633
11.018
Not¢ 6
othor Tradlng AcUvttle•
Fundraising Sales
Pr￿edS from Livg Stoom
Donated Goods
Workwear
333
510
228
Total
35
1,071
Tr4ot¢ 7 Inv••tm•nt Income
8ank Interest ReceNed
T¢)tal
118
118
255
255
Oth•r Incom•
Totsl
Page 4

Note 8 Anaty815 of Expendlture
2020
2019
Unrestiicted Total
Funds
Fund$
Note 9
Expfrndltur¢ on Rai•ing Funds
Sales Goods
InsuraTh
Printing. Stationery, Postage etc
Total
'No¢o 10 Exwndlturg on Chadtablt Actmi
Locomotive RestoratK>n
Locomotivè RepalrlMainterAnc
Coach Restoration
Building Maintenan
Transport Costs
Books
Magazine PublicatKJn
Insurance
Utilitie8
Membership Subscriptions
Travelling Expèn3e8
P8rsonal Safety EquilYr￿nt
Wothwear
Prfntlng, St81Ionery, Postagé tt¢
D&pr•o8tion of Fixed A88èt8
Total
Not• I l Gw•man¢• Co•t•
Independent Examination
Printlng. Stationary, Postage ts
Totsl
303
342
212
857
349
349
23.423
12.181
18.893
22.117
1.111
401
207
17
495
1,731
7C#J
2C(J
335
1,993
323
31
257
6,627
47,132
129
6.445
215
210
218
213
Note 12 Exp?ndltur• D•l•lb•
In8uranc8, amountin9 to £2,342 w&$ purdwtsed1£2.074 in 20191 *thich Indude8 property and public
li¥billty insurance for certain activitie8 {Induding funds g•neration) und•rtak8n by tho Trust.
its Trustees and Members.
Th& work of the charty in restoring. Mainta￿1￿ and assisting in Ihe 0[￿tIon of its a88ets
is. In the main, carried out by volunteer8 wilh onty s[￿11$1 adivities ¢))ntraci8d
No Staff were empw in either 2020 or 2019.
Nc) fee for the Independent Examination of the 2020 accounts has been induded. The c4)Bl
Of •xamlnin9 Ihe 2019 accoums was £21) Is Indiiae4 In the 2020 accourns.
r4oto 13 T•nglbl• Flx•d A•••t•
2020
2020
2020
Bulldlng kn Roornl Plant &
s•1￿Y E¢rf Equipment
2020
Tolal
C081
At 1st January 2019
Addrtions
At 31st D8cemb8r 2019
1W.C
10,749
11,472
1,205
12,677
212,221
1.205
213,426
1W.(KKI
10,749
D8pr8clatK
Al 1st January 2020
Deweciation
At 31st Decomb•r 2020
1.183
716
1,899
6.390
2.111
8,501
11,373
6.627
18.CK)O
Net Book Value al 1st January 2020
Net book Value at 31st De￿mber 2020
Pago 5
186.2(Kl
182.4(M)
s.￿2
4.176
2￿.848
195.426

Tanglble Flxed Assets IConL)
Comparative figures for 2019
2019
2019
2019
Building IAg$8 Rooml Plant &
Saf* Eqmt EqulFrfnanl
2019
T<l•l
Al 1st JanLtary 2019
Addttions
Al 31st December 2019
5.119
8,614
203,607
212,221
19).(MXI
7.254
10,749
11,472
Depfedatkn)
At 1st January 2019
DepreciatKJn
Al 31st December 2019
4,462
1,928
6,3
4.928
6,445
11.373
717
1.183
Not Book Value 81181 January 2019
N•t book Value at 318t Dacwfibgr 2019
3,029
857
5,082
3.688
200.848
186.200
Not¢ 14 Horltagg A•••t4
2020
2020
2020
Oth•r Rdllno Oth•r
2020
Total
Al 1st January 2020
AddiltonyJDlsposa18
At 31st Oecember 2020
22.861
3,840
106,296
22.881
3.840
106,298
No deprnclalion ha8 been appllad lo th8 Horrtago AM¢ts. the book valu&8 at 3181 December
2020 are as above
Comp8r¥livo figur88 for 2019
2019
2019
2019
Olh•r Rolllng Oth•r
2019
Yot*l
C08t
At 1st January 2018
AdditionslDisposals
Al 31$t December 2018
22.861
1C6.298
22.861
108.298
FI￿ Y•ar Swnmary of H¢rltsy A••et Tr•nM¢tion
A kncomolive, valued at £20,¢XQ, VAS donated in 2017.
A coach was disp08ed of during 2017 wrth a gain of£20.833
There h8ve been no other purchases. donathins. disposals or impaimienis to Henlw Assets durln9
the18st fNè years.
Page 6

Note 15 Stocks
2019
Charitable A¢tMlie8
Opening
Added In Peritrx
EXper￿d in Period
Closing
Olher Trading Adi¥iti88
Opening
Add¢<l in PerA)d
Eypen8ed in Peric*l
ClosiThJ
17
1.659
472
303
1,828
232
31
2,030
Totsl Closlng Stock Th18 y￿r
Total Closing Stock Prn¥lou8 Ymr
2.039
1.837
1.837
1,686
Iyots 16 Analy•l• ol 0obt¢rn
2019
Tr8d• D•blo
Prepayments and Accrued Inwng
Other Debtor8
2,143
2.392
1.737
6.272
16.608
1,751
41.033
59,392
Tot•1
Not¢ 17 Cr•dlt¢rn and A¢¢nMI•
Analy818 of Cr•dtorn
Amounts F•lllng Du•
Wlthln On• Y•ar
2020
2019
Amounts Falllng Du•
Aftor On• Year
2020
2019
Trad8 Creditors
A%xfu818 & Deferred Income
Other Creditors
3.854
3,059
45,091
T<>t*l
2,899
3.025
iyoée 18 D•f•rr•d Incomg
Income was deferred in resF*d of some membership subwbon8 wgre pfjid in advance and
also a vehide hi￿ fee which covered fir￿1￿ years.
Movement In D•f•rr•d Income *xount
2020
M•mbw8hlp
Subscrtptlon•
2019
V•hlcle Member•hip Vehicl•
Hlrn
Sub¥¢riptlon•
Hlr•
Balance at the Start ofthe ReporliThJ Pen￿1
Amounts Added in Current Peri(Kl
Amounts Rdea8ed lo Incorre from Prev Pwiod8
Balance at End of Repyting Period
625
747
3.525
472
3,430
825

Nots 19 Charity Fund•
Dolails of Mo¥•monts In Fund• In 2020
Balance *
01.01.2020 Inco
Balance at
Exp•ndltsrn Tr•n•f*rn 31.12.2020
Purpo•o
Restricted Fund•
Shed Ap￿al New 5h•J at Prost
Total R8strlcted Funds
Unrnstricted Funds
Wootton H•H Lrtcfn¢Ai¥è ro8knr*hJn
4.923
2,912
4.746
1.3C()
1.468
1.237
11.863
488.875
500,538
5.153
FR2S
Fluir
NLR Brake Caffwgo restorntyon
Tolol Deslgn8l¢d Funds
Total Non Designated Fur
Totsl u￿r￿t￿¢t•d Fund•
178
1.238
9,759
517,490
527.249
6.467
14,522
20,989
43,137
47,699
Totsl All Fund•
527.249
20.989
47,699
1500,538
D•talh of Movem•nts Sn Fund• In 2019
Balanc• at
01.01.2019 In¢¢m•
Balance at
ExwditiJr• Trnn•fern 31.12.2019
Re•trictod Fund•
Shad Appo•1 shed At Pr•thin
Total R••trlet•d Fund•
UnreBtrl¢tsd Fund
Wwtton H811 Locomotiw r•storAth)n
C8lib8n
Locwnotw reitorAtlon
FR25
Locomotiw r•8torat*Jn
UM
Locmiotivo restora￿)
NLR Br4ke C•rrfa9O mtNatltsn
Total Deslgnat¢d Fund$
Tot81 Non De￿gnated Fund8
Totsl Unr••trlct•d Fund•
33.073
33,073
.073
33.073
10,OS7
5.785
18.581
1.085
1,432
5,153
1,040
896
1.238
9,759
517.490
527,249
1,148
252
1.238
17.080
459.839
476.719
13,177
58.914
72.091
20.498
34,136
54,034
33.073
33,073
Total All Fund•
509.792
71091
54.634
627,249
Tr•n8forn B•tw•on Fund•
The Shed Appeal.. £33,073 was transfeired from Restricted Funds to Unr8stnctad Funds in 2019 upon
aGqulslllgn of a lease ftJT Ihe new 5hE(l ai Pie5wn. The Tru51ees havo 99rggo 1grm8 of Ing
app8al hav¥ begn met 80 alh7Mng tho ¢*arty to use tho 888et on an unre8trlcted basis for 8rry
c41•rTtable purpose.
Note 20 Trnn•actlen• wlth Trust￿ and R•latsd Partl••
None of the trustees have btsn paid any remuneTation or reeeNed any othef beneffts.
No Iravelling expenses were paid in 2020.one Trustee was pahj ¥ totsl of £335 for travel oxpM8•¥
in 2019.
Page 8

Independent Examinerfs Report to the Trustees of the
Fumess Railway Trust
R•gl8tored Chaiity No. 1163073
I report on the accounts ofthe Trust 12 months end￿ 31st Dac*mb¥ 2020, vthid) ar• oul
on pages 1 to 7.
R￿￿￿tive Responslblllti•# of Tnrtt•4• and Examln•r
Th& charws trusts8s arg respwsltrje ftytho pryrakn oftr• al￿nIs.
The charitys trustees considerlhol an audit is not requi￿ for this peric*J under Section 144 of the
Charrtles Act 2011 Ohe Charitm Act) and that an IndeFen￿ examinalion 18 l￿d￿l.
1118 my re8pon$lWllty to.,
examine the accounts under se(thn 145 ofthe Ch81ille8 A
to follow th& pr0¢4(lur¢8 lakl down In t￿ G•rwal olr8cliw glvM ty Ihg C￿rity C(vnmission (under
8tetiion 145(5llb} of the Chaiities ACL
. to $late vthether particular m8tt•rs ho￿ c4)m to my ottentk>n
8a•l• of Indwnd•nt Exarnln•rf• Statom•nt
My examinallion was Carried out In acccfdance vthh Ge￿ra1 Diredion8 gNen by thg Charity Commission.
An eXamina￿.0n indudes a r•vi•w of the Accounting records kept by the (*81ity 8nd a comparison of the
o¢¢ount8 pr88ant•d wlth tho8• record$. 11 also Indud88 consideration of any unusual items or di8d05UTe8
in the accounts. 8nd seeking explanatsons from the Iwstso$ ¢or￿mIng any sych maltors. Thg
PTocedur88 undertaken do not provide 011 the ewdence Ihat be required in an audit. and
consequenly no ownion 18 given as lo wh•th•r th* a¢¢ount8 pl￿nt a Iru• and fai¢ Yk￿ and the report is
Ilmlted to those matters set w¢ In the slatomenl belrw.
Ind•p•nd•nt Examln•¢• Sl•t•m•nt
In ￿nnectIOn wth my examinatbn. no matter has to my ¥ttontkn.'
Which giv*$ me rettucfjab￿ ¢au8• to b￿1￿ that In. any maknial respec*. the wuirements..
lo ktsp •ccounbng records M) ac¢ord•rK* %bryth w*¢)n 130 of tho Chafilia8 Act". and
. to wepare accounts accord W￿1h the ￿(1)Unt￿g rec¥)rd8 and tr)mpty th*
accounting requirements of th& Ch8riJ88 Act.,
not bewn mgt. or
121
to which. In my opinion. att•ntlon st￿•￿￿ be dravm in OTder to enabkn a Fwr und•rntarKling
of the accounts lo b& reach￿.
10th Klay 2021
P&Je 9