The Terrier Trust CIO
Trustees' Annual Report 1 February 2022 to 31 January 2023
Photo: © Tom White
Registered Charity No 1165782 Trustees Principal Address The trustees serving for the whole of the 5 Newing Green, Bromley BR1 2TD year under review were: Secretary’s Address Tom White (chairman) Holgates, 10 Virgins Lane, Battle, Graham Hukins East Sussex TN33 0JH Matt Hyner Website David Nibloe www.terriertrust.org.uk Patrick Favell (secretary).
Declaration of Interest
All trustees are members of the Kent & East Sussex Railway Company Ltd (K&ESR). Matt Hyner and David Nibloe are (and remain) trustees of the K&ESR. Graham Hukins is the Commercial Manager of the North Norfolk Railway (NNR). Graham has no managerial responsibility for or pecuniary interest in NNR Engineering (NNRE), NNR’s wholly owned subsidiary, that was contracted by K&ESR to overhaul No 3 Bodiam/ 70 Poplar .
Secretary
Trustee Patrick Favell was Secretary throughout 2022/23.
Governance
The constitution of The Terrier Trust CIO (TTT-CIO) was approved by the Charity Commission on 26 February 2016. The charity is a charitable incorporated organisation (CIO) having an ‘Association’ Model Constitution and minimum of three and a maximum of five trustees.
At every Annual General Meeting (AGM) of the members of the CIO, one-third of the charity trustees shall retire from office and are eligible for re-election. All trustees give their time voluntarily and receive no remuneration or other benefits. The incorporated charity TTT-CIO replaced and received all the assets and members of unincorporated charity The Terrier Trust (Registered Charity No 1050480).
Objectives and Activities
To advance the education of the public about the engineering achievement and legacy of steam railway engines, in particular but not exclusively by the acquisition, preservation, restoration and maintenance
1
of locomotives of the Terrier Class, designed by William Stroudley of the former London Brighton and South Coast Railway, for public display and operation.
TTT-CIO owns 100% of No 2678 Knowle and owns 75% of No 3 Bodiam/ 70 Poplar , with the K&ESR owning the other 25%. Both locomotives are based at the K&ESR, which maintains and operates them under long-term hire agreements signed in 2017. Each locomotive has a brass plate in its cab showing its ownership.
Our website, www.terriertrust.org.uk, provides information about the TTT-CIO and how it can be supported, together with news, educational material and ongoing appeals and projects.
The trustees of TTT-CIO thank our members and the K&ESR for their continuing support.
Achievements and Performance
2022-23 can be summarised as one with glorious successes followed by huge disappointment.
L&BSCR No 70 Poplar, the first of the class and one of the first batch of six locomotives to enter service, was built in 1872. As explained previously, the Trustees had decided that the 150[th] anniversary of Poplar and the Terrier class in 2022 would provide an excellent opportunity to meet our public benefit objectives through the promotion of Terriers in partnership with the K&ESR.
The ‘Terrier 150 Appeal’ raised £150,000 to finance the restoration of both locos and in May 2021 Knowle was the first to return to service as Southern Railway 2678. It made visits to a number of other heritage lines, with an extended stay at the Didcot Railway Centre before returning in early 2022. Unfortunately, an examination found that the chassis needed a major overhaul ( Poplar had had similar work done at the NNRE) and so was restricted to light duties.
Work on the overhaul of Bodiam at the Weybourne Works of NNRE began in 2019 but after delays caused by covid restrictions did not return until 13[th] May 2023. This left very limited time before the press launch was to be on 31[st] May for Rolvenden to finish off the overhaul. The work included the remaining fitting tasks, completion of the repaint into Stroudley Improved Engine Green as No 70 Poplar and some running-in trips. Staff and volunteers worked long hours to ensure this deadline was met and we would like to thank them for going above and beyond to achieve it just in time. The press launch was well-attended and achieved good coverage, including a video package on ITV Meridian News. A well-filled Special for members of TTT and K&ESR was run that evening. On 2[nd] June, both Terriers hauled the first public passenger train after Poplar’s overhaul and our Terriers continued to double-head passenger trains trouble-free throughout the three-day Platinum Jubilee weekend. Since arriving back at the K&ESR, Poplar had run over 200 miles without problems.
Our Terriers are very popular locomotives and working visits by Poplar to other heritage lines were planned. However, the first outing was as a static exhibit at the Poplar Dockland Light Railway Depot to star in the ‘Tracks Through Poplar’ education project which was 73% funded by the Lottery Heritage Fund grant awarded in 2020. Our partners Global Learning London had co-created a railway themed educational resource with children from local schools which freely available through our website. Poplar’s visit allowed some of the children to walk to the depot and see the loco for themselves, stand in the cab and have the controls explained. The project required a lot more input from TTT and K&ESR than originally expected and again volunteers and staff pulled out all the stops to make the 8-day Poplar depot event (during an extreme heat wave) a great success – the smiles on the children’s faces rewarded our efforts. The loco was also visited by 500 members of the public over the middle weekend
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when there were no school visits. The DLR staff also enjoyed the visit and their co-operation helped make the event a great success.
Next Poplar went to the Bluebell Railway for the ‘Fenchurch 150 Gala’. Although their Terrier 72 Fenchurch was still under overhaul, Poplar was joined by a Terrier from the Isle of Wight Railway. However, on the first day of the event, whilst double-heading with W11, disaster struck as Poplar’s big end bearings seized as the train entered Horsted Keynes station. It is very disappointing for us all that Poplar has been out of service ever since, pending the conclusion of the K&ESR’s insurance claim. At the date of this report, the protracted negotiations were still ongoing and so over a year since the incident, repairs have not yet begun. As a consequence, our plans for Poplar’s T150 celebrations during the rest of 2022 had to be abandoned.
Knowle was also withdrawn from service to prevent more damage pending the chassis overhaul. Given Knowle’s own 150[th] anniversary is in 2030, the trustees current thinking is that the best strategy is to start the next 10-year overhaul early so that it can be in traffic for its 150[th] Anniversary in 2030. However, funding will be necessary to make this possible and sources are being actively pursued.
Poplar Education Project
This project was conceived in late 2020 and in May 2021 we obtained a National Lottery Heritage Fund award of up to £33,000 (73% of the £45,032 budget). On completion total expenditure was slightly under budget at £43,671 so that the NLHF paid us £31,880 and TTT-CIO funded the remaining £11,791. The project completion and evaluation reports were signed off by the NLHF and after their final grant payment was received and all bills settled the project was closed.
The educational resource produced by the project is available to anyone at no charge from our website (https://terriertrust.org.uk/education) and nationwide to schools through the Schools Library Services with additional resources boxes.
Prior to the end of the financial year this unique project was nominated for the Team Award at the 2023 Heritage Railway Association Awards. Our team comprised the three project partners and we were one of only three submissions to be short-listed. Trustees attended the Awards Ceremony in Birmingham on 10[th] March 2023 and, although disappointed that the project team did not win the award, we were pleased to receive a framed ‘short-listed’ certificate to mark our achievement.
Financial Review
As at 31 January 2023, the balance on TTT-CIO’s bank accounts was £67,685 (2021/22 £70,249). In 2022/23 income was £21,071 (2021/22 £20,163) and expenditure was £23,535 (2020/21 £13,330). The majority of the expenditure comprised contributions to the Terrier Education Project that was organised in partnership with the K&ESR and Global Learning London and was part funded by a National Lottery Heritage Fund grant; the project was successfully completed at end March 2023.
3
Further detail is contained in the attached accounts.
The Trust’s routine sources of income are donations and membership subscriptions with additional funds for specific projects obtained from grant applications and appeals.
The Trust’s Reserves Policy is to maintain an Emergency Reserve, e.g. to allow the TTT-CIO to safeguard its locomotives should K&ESR encounter serious financial difficulties. The trustees consider £50,000 to be an appropriate figure and this amount is contained within the bank balances.
The trustees have not identified any significant risks to prevent it from continuing its planned programme in 2023-24.
Declaration
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
Signature
Full name Thomas White Position Chairman & Treasurer Date 14[th] August 2023
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The Terrier Trust CIO Registered Charity No 1165782
10/16/2023
| Receipts and Payments 01-Feb-17 to 31-Jan-18 General Funds 2017-18 Notes Balances brought forward 975 Receipts Donatons & sundry income 60 Transfers from The Terrier Trust (Barclay 10665 Transfers from The Terrier Trust (Virgin) 67542 Total 78267 Payments HRA membership subscripton 25 Administraton expenses 12 Total 37 Receipts less Payments 78230 General Fund balances carried forward 79205 |
£ 2016-17 0 0 1000 0 1000 25 0 25 975 975 |
£ 2016-17 0 0 1000 0 1000 25 0 25 975 975 |
|---|---|---|
| 975 |
- After the closure of The Terrier Trust's Barclays account on 05-Feb-18, its closing balance of £54 was transferred to The Terrier Trust CIO after 31-Jan-18.
The Terrier Trust CIO Registered Charity No 1165782
10/16/2023
£
----- Start of picture text -----
Statement of Assets and Liabilites 2017-18 2016-17
Assets
Cash balancesHSBC 11664 975
Virgin 67542 0
79206 975
NON MONETARY ASSETS
Locomotive 'Bodiam'
Transfer from The Terrier Trust on 18-No 30696 0
Capital expenditure 0 0
Less Depreciation (3 months) 0 0
30696 0
Locomotive 'Knowle'
Transfer from The Terrier Trust on 18-No 116250 0
Capital expenditure 0 0
Less Depreciation (3 months) -1250 0
115000 0
Total 224902 975
Liabilites
None 0 0
0 0
Total Trust Resources Unrestricted 224902 975
Restricted 0 0
224902 975
224902 975
----- End of picture text -----
- Remaining £54 transferred after 31-Jan-18 on closure of The Terrier Trust's Barclays account.
Notes
1 Under the 18-Nov-17 joint ownership agreement, 'Bodiam' is owned by The Terrier Trust CIO and the Kent & East Sussex Railway Company in the ratio 75:25. 2 Bodiam' was placed in store from 31-Dec-16 and is not being depreciated. It is awaiting a 10-year overhaul.
3 'Knowle' is wholly owned by The Terrier Trust CIO.
4 'Knowle' was revalued to £150,000 after the completion of a 10-year overhaul in 2009.
10/16/2023
The Terrier Trust CIO Registered Charity No 1165782
5 'Knowle' is in traffic and being depreciated at £5,000 p.a. on a straight-line basis.
6 The Trust owns a stock of prints of locomotive 'Bodiam' donated by the artist on which no value has been placed in the accounts.
Signed:
T W White BA (Trustee: Chairman/ Hon Treasurer)
(Trustee)
D J Goodwin FCA (Hon Accounts Examiner)
Date:
Accounts 01-Feb-17 to 31-Jan-18
| Income Grand Total 78267.57 |
Income Grand Total 78267.57 |
Income Grand Total 78267.57 |
Income Grand Total 78267.57 |
Income Grand Total 78267.57 |
|---|---|---|---|---|
| Totals 0.00 |
60.00 | 10665.53 | 67542.04 | 0.00 |
| Members Contributons | Donatons etc | Transfers from TTT to HSBC a/c | Transfers from TTT to Virgin Money a/c | Interest |
| 2-Jan-18 Andrew Hopper 5.00 2-Jan-18 DM Pearce 5.00 2-Jan-18 Ted Micklam 25.00 10-Jan-18 CR Tompson 5.00 17-Jan-18 R Tilley 10.00 22-Jan-18 BL&AE Martn 10.00 |
23-Jan-18 From TTT Barclays a/c 10655.53 30-Jan-18 From TTT Barclays a/c 10.00 |
26-Jan-18 from TTT Vir 67542.04 |
| Expenditure Grand Total 36.76 |
Expenditure Grand Total 36.76 |
Expenditure Grand Total 36.76 |
|---|---|---|
| Totals 36.76 |
0.00 | |
| Postage etc | Restoraton | |
| 24-Oct-17 100002 HRA Membership 25.00 15-Dec-17 100003 Newsleter mailin 11.76 |
Cash balances
Income less Expenditure
Total Cash
| Totals | 79205.81 |
|---|---|
| Cash bals |
The Terrier Trust CIO Registered Charity No 1165782
10/16/2023
| 31-Jan-18 HSBC 11663.77 31-Jan-18 Virgin Money 67542.04 |
Total Income 78267.57 less Total Expenditure 36.76 |
Cash brought forward Change in current year Cash carried forward |
975.00 78230.81 |
|
|---|---|---|---|---|
| 79205.81 | ||||
| 78230.81 |
10/16/2023
TheTerrierTrustCIO
Receipts and Payments Accounts for Financial Year 01-Feb-18 to 31-Jan-19
£
| General Funds Balances brought forward Receipts Members subscriptons Donatons & sundry income Covenanted tax refunds Interest Transfers from The Terrier Trust (Barclays) Transfers from The Terrier Trust (Virgin) Total Payments AGM Expenses AGM Members Special Train TTT CIO Website Administraton expenses HRA membership subscripton New Locomotve Ownership Plates Total Receipts less Payments General Fund balances carried forward |
2018-19 79205 300 3027 0 330 54 0 3711 80 308 295 58 25 314 1080 2631 81836 |
Notes 7 7 |
2017-18 | 2017-18 |
|---|---|---|---|---|
| 975 60 10665 67542 78267 0 0 0 12 25 0 37 78230 79205 |
||||
| 79205 |
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TheTerrierTrustCIO
Statement of Assets and Liabilites
| Statement of Assets and Liabilites Assets Cash balance HSBC Cash balance Virgin Money Non-Monetary Assets Locomotve 'Bodiam' Transfer from The Terrier Trust 18-Nov-17 Balance brought forward Locomotve 'Knowle' Transfer from The Terrier Trust 18-Nov-17 Balance brought forward Total Liabilites None Total Trust Resources Unrestricted Restricted LessCapital expenditure LessDepreciaton LessCapital expenditure LessDepreciaton |
2018-19 13327 68509 81836 0 30696 0 0 30696 0 115000 0 5000 110000 222532 0 0 222532 0 222532 |
Notes 1 6 2 3, 4 6 5 |
2017-18 | ||
| 11663 67542 79205 30696 0 0 0 30696 116250 0 0 1250 115000 224901 0 0 224901 0 224901 |
|||||
| 0 | 224901 |
Notes
1 Under the Ownership Agreement of 2001 and Transfer Agreement of 2017, 'Bodiam' is owned by The Terrier Trust CIO and the Kent & East Sussex Railway Company in the ratio 75:25.
2 'Bodiam' was placed in store from 31-Dec-16 and is not being depreciated. It is awaiting a 10-year overhaul.
3 'Knowle' is wholly owned by The Terrier Trust CIO.
4 'Knowle' was revalued to £150,000 after the completion of a 10-year overhaul in 2009.
5 'Knowle' is in traffic and being depreciated at £5,000 p.a. on a straight-line basis.
6 The Terrier Trust's interests in 'Bodiam' and 'Knowle' were transferred to The Terrier Trust CIO on 18-Nov-17.
7 The Terrier Trust was removed from the Charity Commission register on 01-Aug-18 following completion of the transfer of assets to the CIO on 05-Feb-18.
Signed:
Date: Date:
T W White BA (Trustee: Chairman/ Hon Treasurer) (Trustee)
Report to the trustees/members of The Terrier Trust CIO (Reg Charity No 1165782) on accounts for year ended 31/01/2019 set out on pages 1 & 2
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 29/01/2019.
Responsibilites and basis of report: As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
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 the applicable Directions given by the Charity Commission under section 145(5)(b) 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
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which gives me cause to believe that in, any material respect:
The Terrier Trust CIO
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
Date:
D J Goodwin FCA (Hon Independent Accounts Examiner)
Page7of19
The Terrier Trust CIO
10/16/2023
(Registed Charity No 1165782)
Receipts and Payments Accounts for Financial Year 01-Feb-19 to 31-Jan-20
£
| General Funds Balances brought forward Receipts Members subscriptons Donatons & sundry income Gif Aid tax refunds Interest Transfers from The Terrier Trust (Barclays) Total Payments AGM expenses AGM members' special train TTT CIO Website Administraton expenses Gifs HRA membership subscripton New locomotve ownership plates Terrier 150 Appeal: Donatons to K&ESR Terrier 150 Appeal: Fund raising leafets Total Receipts less Payments General Fund balances carried forward |
2019-20 81836 300 2038 688 496 0 3522 78 0 60 67 59 25 0 18358 1642 20289 -16767 65069 |
Notes 7 |
2018-19 | 2018-19 |
|---|---|---|---|---|
| 79205 300 3027 0 330 54 3711 80 308 295 58 0 25 314 0 0 1080 2631 81836 |
||||
| 81836 |
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(Registed Charity No 1165782)
| Statement of Assets and Liabilites Assets Cash balance HSBC Cash balance Virgin Money Non-Monetary Assets Locomotve 'Bodiam' Balance brought forward Locomotve 'Knowle' Balance brought forward Total Total Trust Resources Unrestricted Restricted Notes LessCapital expenditure LessDepreciaton LessCapital expenditure LessDepreciaton |
2019-20 3064 62005 65069 30696 0 0 30696 110000 0 417 109583 205348 205348 0 205348 |
2019-20 3064 62005 65069 30696 0 0 30696 110000 0 417 109583 205348 205348 0 205348 |
Notes 1 2 3, 4 5 8 |
2018-19 | 2018-19 | |
|---|---|---|---|---|---|---|
| 13327 68509 81836 30696 0 0 30696 115000 0 5000 110000 222532 222532 0 222532 |
||||||
| 222532 0 |
222532 | |||||
-
1 Under the Ownership Agreement of 2001 and Transfer Agreement of 2017, 'Bodiam' is owned by The Terrier Trust CIO and the Kent & East Sussex Railway Company Ltd in the ratio 75:25.
-
2 'Bodiam' was placed in store from 31-Dec-16 and is not being depreciated. It is currently undergoing a 10-year overhaul.
-
3 'Knowle' is wholly owned by The Terrier Trust CIO.
4 'Knowle' was revalued to £150,000 after the completion of a 10-year overhaul in 2009.
5 'Knowle' was depreciated at £5,000 p.a. on a straight-line basis until March 2019, when a 10-year overhaul began.
6 The Terrier Trust's interests in 'Bodiam' and 'Knowle' were transferred to The Terrier Trust CIO on 18-Nov-17.
7 The Terrier Trust was removed from the Charity Commission register on 01-Aug-18 following completion of the transfer of assets to the CIO on 05-Feb-18.
8 The Terrier Trust CIO has committed to contribute £15,000 to the Terrier 150 Appeal Restricted Fund held by the Kent & East Sussex Railway Company Ltd.
Signed:
Date:
Date:
T W White BA (Trustee: Chairman/ Hon Treasurer) (Trustee)
Report to the trustees/members of The Terrier Trust CIO (Reg Charity No 1165782) on accounts for year ended 31-Jan-20 set out on pages 1 & 2
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31-Jan-20.
Responsibilites and basis of report: As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
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 the applicable Directions given by the Charity Commission under section 145(5)(b) 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 which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act or
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The Terrier Trust CIO (Registed Charity No 1165782)
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- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
Date:
D J Goodwin FCA (Hon Independent Accounts Examiner)
10 of 19
The Terrier Trust CIO
10/16/2023
(Registered Charity No 1165782)
Receipts and Payments Accounts for Financial Year 01-Feb-20 to 31-Jan-21
£
| General Funds Balances brought forward Receipts Members subscriptons Donatons & sundry income Gif Aid tax refunds Interest Total Payments AGM expenses TTT CIO Website Administraton expenses Gifs HRA membership subscripton Terrier 150 Appeal: Donatons to K&ESR Terrier 150 Appeal: Expenditure Total Receipts less Payments General Fund balances carried forward |
2020-21 65069 320 3551 801 310 4982 173 60 53 0 75 6250 24 6635 -1653 63416 |
Notes | 2019-20 81836 300 2038 688 496 3522 78 60 67 59 25 18358 1642 20289 -16767 65069 |
2019-20 81836 300 2038 688 496 3522 78 60 67 59 25 18358 1642 20289 -16767 65069 |
|---|---|---|---|---|
| 65069 |
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The Terrier Trust CIO
10/16/2023
(Registered Charity No 1165782)
| Statement of Assets and Liabilites Assets Cash balance HSBC Cash balance Virgin Money Non-Monetary Assets Locomotve 'Bodiam' Balance brought forward Capital expenditure (-) Depreciaton (-)/Revaluaton (+) Locomotve 'Knowle' Balance brought forward Capital expenditure (-) Depreciaton (-)/Revaluaton (+) Total Total Trust Resources Unrestricted Restricted Notes |
2020-21 4332 59084 63416 30696 0 0 30696 109583 0 90417 200000 294112 294112 0 294112 |
2020-21 4332 59084 63416 30696 0 0 30696 109583 0 90417 200000 294112 294112 0 294112 |
Notes 1, 6 2 3, 6 4, 5 7 |
2019-20 | 2019-20 | 2019-20 |
|---|---|---|---|---|---|---|
| 3064 62005 65069 30696 0 0 30696 110000 0 -417 109583 205348 205348 0 205348 |
||||||
| 205348 | ||||||
- 1 Under the Ownership Agreement of 2001 and Transfer Agreement of 2017, 'Bodiam' is owned by The Terrier Trust CIO and the Kent & East Sussex Railway Company Ltd in the ratio 75:25.
2 'Bodiam' was placed in store from 31-Dec-16 and is not being depreciated. As at 31-Jan-21 it was part-way through a 10-year overhaul.
- 3 'Knowle' is wholly owned by The Terrier Trust CIO.
4 'Knowle' was withdrawn from service in February 2019 after which it was not depreciated.
- 5 'Knowle' was revalued to £200,000 on 31-Jan-21, shortly after the completion of 10-year overhaul.
6 The Terrier Trust's interests in 'Bodiam' and 'Knowle' were transferred to The Terrier Trust CIO on 18-Nov-17.
7 The Terrier Trust CIO has committed to contribute £10,000 in 2022-23 to the Terrier 150 Appeal Restricted Fund held by the Kent & East Sussex Railway Company Ltd.
Signed:
| Date: T W White BA (Trustee: Chairman/ Hon Treasurer) |
Date: (Trustee) |
|---|---|
Independent Examiner's report on the accounts
Report to the trustees/members of The Terrier Trust CIO (Reg Charity No 1165782) on accounts for year ended 31-Jan-21 set out on pages 1 & 2
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31-Jan-21.
Responsibilites and basis of report: As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
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 the applicable Directions given by the Charity Commission under section 145(5)(b) 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
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The Terrier Trust CIO
(Registered Charity No 1165782)
which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
D J Goodwin FCA (Hon Independent Accounts Examiner)
Date: 20 Broadfield Road, Maidstone ME15 6BT
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Receipts and Payments Accounts for Financial Year 01-Feb-21 to 31-Jan-22
£
| General Funds Balances brought forward Receipts Members subscriptons Donatons & sundry income Gif Aid tax refunds Interest Terrier Educaton Project - NHLF Grant Total Payments AGM expenses TTT CIO Website Administraton expenses HRA membership subscripton Terrier 150 Appeal: Donatons to K&ESR Terrier Educaton Project Terrier 150 Appeal: Expenditure Miscellaneous Total Receipts less Payments General Fund balances carried forward Statement of Assets and Liabilites Assets Cash balance HSBC Cash balance Virgin Money Non-Monetary Assets Locomotve 'Bodiam' Balance brought forward Capital expenditure (-) Depreciaton (-)/Revaluaton (+) Locomotve 'Knowle' Balance brought forward Capital expenditure (-) Depreciaton (-)/Revaluaton (+) Total Total Trust Resources Unrestricted Restricted Notes |
2021-22 | 70249 |
Notes Notes 1, 5 2 3, 5 4 4, 9 6, 7 8 |
2020-21 | 65069 -1653 |
|||
|---|---|---|---|---|---|---|---|---|
| 200 2794 589 80 16500 |
63416 6833 |
320 3551 801 310 0 |
||||||
| 100 60 11 75 0 13082 0 2 |
20163 |
173 60 53 75 6250 0 24 0 |
4982 |
|||||
| 13330 2021-22 |
6635 2020-21 |
|||||||
| 63416 294112 294112 |
||||||||
| 10362 59887 |
4332 59084 |
|||||||
| 30696 0 0 |
70249 |
30696 0 0 |
63416 |
|||||
| 200000 0 -5000 |
30696 |
109583 0 90417 |
30696 |
|||||
| 195000 292527 3418 |
200000 294112 0 |
|||||||
| 295945 | ||||||||
| 295945 | ||||||||
-
1 Under the Ownership Agreement of 2001 and Transfer Agreement of 2017, 'Bodiam' is owned by The Terrier Trust CIO and the Kent & East Sussex Railway Company Ltd in the ratio 75:25
-
2 'Bodiam' was placed in store from 31-Dec-16 and is not being depreciated. As at 31-Jan-22 it was part-way through a 10-year overhaul.
-
3 'Knowle' is wholly owned by The Terrier Trust CIO.
-
4 'Knowle' was withdrawn from service in February 2019 after which it was not depreciated then revalued to £200,000 on 31-Jan-21, shortly after the completion of its 10-year overhaul. 5 The Terrier Trust's interests in 'Bodiam' and 'Knowle' were transferred to The Terrier Trust CIO on 18-Nov-17.
-
6 The Terrier Trust CIO has committed to contribute £10,000 in 2022-23 to the Terrier 150 Appeal Restricted Fund held by the Kent & East Sussex Railway Company Ltd.
-
7 Terrier Education Project. The Terrier Trust CIO is fundholder for the Heritage Lottery Fund's grants and in 2022-23 has committed to contribute £2,032 from own funds.
-
8 Terrier Education Project. Expenditure of £3,418 outstanding from the Heritage Lottery Fund's grant.
-
9 'Knowle' is in traffic and being depreciated at £5,000 p.a. on a straight-line basis.
Signed:
T W White BA (Trustee: Chairman/ Hon Treasurer)
Date:
(Trustee)
Date:
Independent Examiner's report on the accounts
Report to the trustees/members of The Terrier Trust CIO (Reg Charity No 1165782) on accounts for year ended 31-Jan-22 set out on pages 1 & 2
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31-Jan-21.
Responsibilites and basis of report: As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
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 the applicable Directions given by the Charity Commission under section 145(5)(b) 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 which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
G McI Glass FCMA CGMA (Hon Independent Accounts Examiner)
Date:
2 Greensleeves Way, Kings Hill ME19 5BJ
The Terrier Trust CIO (Reg Charity 1165782)
£
Receipts and Payments Accounts for Financial Year 01-Feb-22 to 31-Jan-23
| General Funds Balances brought forward Receipts Members subscriptons Annual Life Donatons & sundry income T150 Badge Sales Gif Aid tax refunds Interest Terrier Educaton Project (TEP) - NHLF Grant Total Payments AGM expenses TTT CIO Website Administraton expenses HRA membership subscripton T150 Badge Costs Membership Leafets Terrier Educaton Project (TEP) Loco Transport and DLR setup Depot Volunteers Expenses Liverpool World Centre Global Learning London Miscellaneous Total Receipts less Payments General Fund balances carried forward |
2022-23 70249 60 1995 4827 262 593 134 13200 21071 107 60 63 75 464 971 8368 735 1160 11632 0 23635 -2564 67685 |
Notes | 2021-22 63416 0 200 2794 0 589 80 16500 20163 100 60 11 75 0 0 0 0 1450 11632 2 13330 6833 70249 |
2021-22 63416 0 200 2794 0 589 80 16500 20163 100 60 11 75 0 0 0 0 1450 11632 2 13330 6833 70249 |
|---|---|---|---|---|
| 70249 |
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The Terrier Trust CIO (Reg Charity 1165782)
| Statement of Assets and Liabilites Assets Cash balance HSBC Cash balance Virgin Money Non-Monetary Assets Locomotve 'Bodiam'('Poplar') Balance brought forward Capital expenditure (-) Depreciaton (-)/Revaluaton (+) Locomotve 'Knowle' Balance brought forward Capital expenditure (-) Depreciaton (-)/Revaluaton (+) Total Total Trust Resources Unrestricted Restricted Notes |
2022-23 15185 52500 67685 30696 0 168471 199167 195000 0 -2083 192917 459769 454076 5693 459769 |
2022-23 15185 52500 67685 30696 0 168471 199167 195000 0 -2083 192917 459769 454076 5693 459769 |
Notes 1, 2 3, 4 1, 5 6 7 8, 9 10 |
2021-22 | 2021-22 | 2021-22 |
|---|---|---|---|---|---|---|
| 10362 59887 70249 30696 0 0 30696 200000 0 -5000 195000 295945 292527 3418 295945 |
||||||
| 295945 | ||||||
1 The Terrier Trust's interests in 'Bodiam' and 'Knowle' were transferred to The Terrier Trust CIO on 18-Nov-17.
2 Under the Ownership Agreement of 2001 and Transfer Agreement of 2017, 'Bodiam' is owned by The Terrier Trust CIO and the Kent & East Sussex Railway Company Ltd in the ratio 75:25.
3 'Bodiam' was withdrawn in December 2016 after which it was not depreciated. Revalued to £200,000 In June 2022, shortly after the completion of its '10-year' overhaul.
4 Bodiam' was withdrawn on 29-Jul-22 due to a major mechnical failure at the Bluebell Railway. For the brief period in traffic depreciated pro rata at £5,000 p.a. on a straight-line basis. 5 'Knowle' is wholly owned by The Terrier Trust CIO.
6 'Knowle' was withdrawn in February 2019 after which it was not depreciated then revalued to £200,000 on 31-Jan-21, shortly after the completion of its 10-year overhaul.
7 'Knowle' was withdrawn in June 2022 needing a chassis overhaul. For period in traffic depreciated pro rata at £5,000 p.a. on a straight-line basis.
8 TEP 2021- 23: The Terrier Trust CIO is fundholder for the NHLF's grant (73% of project costs) and has committed to contribute 27% (maximum £12,032) of own funds by end March 2023. 9 Terrier Education Project. £304 remains to be claimed from the Heritage Lottery Fund's grant.
10 2023: £2,000 for the return to traffic of 'Knowle' & £3,693 NHLF advance funding for the TEP. 2022: £3418 HLF advance funding for the TEP.
Signed:
| Date: T W White BA (Trustee: Chairman/ Hon Treasurer) |
Date: (Trustee) |
|---|---|
Independent Examiner's report on the accounts
Report to the trustees/members of The Terrier Trust CIO (Reg Charity No 1165782) on accounts for year ended 31-Jan-23 set out on pages 1 & 2 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31-Jan-23.
Responsibilites and basis of report: As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
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 the
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The Terrier Trust CIO (Reg Charity 1165782)
applicable Directions given by the Charity Commission under section 145(5)(b) 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 which gives me cause to believe that in, any material respect: (i) accounting records were not kept in accordance with section 130 of the Act; or (ii) the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:
G McI Glass FCMA CGMA (Hon Independent Accounts Examiner)
Date:
67 Rectory Lane North, Leybourne ME19 5HD
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Independent Examiner's Report on the Terrier Trust CIO Accounts for year ending 31 January 2022 submited to the Charity Commissioners The Trustees consider that the audit requirement of section 43(2) of the Charities Act 1993 does not apply. It is my responsibility to state, on t General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, whether particular matters have come to my attention Basis. My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes charity and a comparison of the accounts presented with the records. It also includes consideration of any unusual items or disclosures in the ac trustees. The procedures undertaken do not provide all the evidence that would be required by an audit, and consequently, I do not express an Statement: In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with sec which accord with the accounting records and to comply with the accounting requirements of the Act has not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
he basis of the procedures specified in the
n.
s a review of the accounting records kept by the ccounts, seeking explanations from the n audit opinion on the view given by the accounts
ction 41 of the Act and to prepare accounts