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 2 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 4 **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| ``` Page5of19 ``` ``` 10/16/2023 ``` ``` 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 ``` Page6of19 ``` ``` 10/16/2023 ``` 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| 8 of 19 The Terrier Trust CIO 10/16/2023 (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 9 of 19 The Terrier Trust CIO (Registed Charity No 1165782) 10/16/2023 ## - 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| ``` 11 of 19 ``` ``` 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 ``` 12 of 19 ``` ``` 10/16/2023 ``` ``` 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 ``` 13 of 19 ``` 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| ``` Page 15 of 19 ``` ``` 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 ``` Page 16 of 19 ``` ## **`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 ``` Page 17 of 19 ``` 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: 1. 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 2. 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