Charity Registration Number: 1166144 Historical Model Railway Society Accounts For the Year Ending 31 December 2023 JANE ASCROFT ACCOUNTANCY LIMITED Chartered Accountants Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XP
Historical Model Railway Society Accounts Year Ended 31 Dec•mbor 2023 Page Trustees, Annual Report Independent Examinerfs Report lo the Trustees Statement of Financial Activities Statement of Finan¢ial Position Notes to the Accounts Thè Followlng Pag•s Do Not Fomi Part ol tho Account• Detailed Slalement of Financial Activities 17
Historical Model Railway Society Trustees. Annual Report Year Ended 31 December 2023 The trustees present their report and the unaudited accounts of the charity for the year ended 310ecember 2023. Ob"ectlves and Activttles HMRS is an active Society and Educational Charity with worldwide membership. Its objectives are to provide support lo those Inte$ted in historically accurate railway modelling and through its publications. library, archives, drawings, photography collections and Company stewards to provide information and answer questions from modellers and railway historians alike. HMRS is often a first point of call for historical railway research, The Society publishe$ historical railway books and prodL¢ces transfers for thos8 modelling in 4mm and 7mm scales which form the main element of rts trading activitiés. Achlevoments and Performancg During 2023 the Society WOTked to its Management Budget In providing sarvices to Members, preserved railways, the public and a number of business organisalions. The Society has continued to publish Joumals and newsletters for members and other interested parties. We attended Six shows during the year which generated a reasonable amount of income. We are hoping to attend more shows during 2024, with the intention of raising the profil8 of the Society within the hobby. Sales of transfers, has continued lo be good via the website. After a year of deliveries wè now have fvll stocks of all transfers. The new transfers come at an increased cost bul after a mod8St price increase we have maintained a healthy surplus. We also thought that il WOLsld be a good idea to pla an order for new transfer paper. This was done and we now have enough to last several years. The Society has a permanent Museum and sdY Centre al Swanwick Junction, Derbyshi. It has a collection of over 300,000 engineering drawings and over 200.000 photographs. Work has continued through the year with these growing collections to catalogue and make them accessible through the internet or by direct access. The photographs are now being scanned and identified then filed in acid free boxes lo preserve them. We have continued to receive new collections for the library, photograph collection, archive and drawing archive. The heating of the Museum and Study Centre had not been working propedy for several years, therefo a completely new system was installed at the end of the year. We are indebted as ever to the volunteers who help run and SL¢PPOrt the Society. Due to ongoing difficulties in accessing the M & SC at Swanwick we are still havlng lo space out vlslts by volunteers lo ensure that someone is in attendance when required. Publlc Beneflt Our main aclivitses and who we help are described elsewhere in this report. All our charitable activities are undertaken to further our charitable purposes for the public benefit. The Trustees have had regard to the Charity Commission's guidance on public benefit throughout the year when deciding on the a¢tivilie$ of the Charity. We strive to make OLtr catalogued material available on liné wherev8r possible.
Historical Model Railway Society Trustees. Annual Report (contlnu8dJ Year Ended 31 December 2023 Flnancial Revig The Society has tsvo main income sources, membership subscriptsons and trading activities principally through the sale of books and transfers. The objective of the Society is to provide and develop rts services to Members and the public. A rolling three year Management Budget is in place with the aim of achieving a minimum of a small operating surplus each year. This is reviewed by the Executive Commttee at each m88lin9 and the 3-year program vieWed annually. We are acb'vety looking for extra storage facilities as the existing premises, which are full lo bursting. need to be enlarged. The Trustees have discussed il at their meetings and will also obtain the opinions of the Midland Railway Trust about this. We continue to publish books and although we have one in the pipeline we are open to suggestions from possible authors for new publications. and Man emen HMRS is a CIO {charity number 11661441 registered with the Charity Commission on 21st Mar¢h 2016. Up to 13 Trustees are elected annually at the Annual General Meeting which will be held in October this year. 11 is proposed to do this by Zoom again this tsme following the Sue$S of the 2023 meeting. Each year one fifth of the Trustees reb're but if they so wish they can be nominated again. Nominations lo be a Trustee is confirmed by 2 members within a sel timescale ahead of the AGM. Should there be more than one nomination for a position a ballot will be held which includes postal voting. The rules of the Society make provision for the b'mescales and process to achieve this. In praclice the newsletter of the Society updates Members of the EC position and timescales for nominations.
Historical Model Railway Society Trustees. Annual Roport (contlnuodj Year Ended 31 Decgmber 2023 Roterence and Admlnlstratlve Detalls Reglstered charlty name Historical Model Railway Society Charfty reglstratlon number 1166144 Prln¢lp81 offlc• Clo Butterley Station Ripley Derbyshire DE5 3QZ Tho Tru8tfro8 Mr A McGill ISe¢retsryl Mr l J Lewis Mr J Hancock Mr A Straw Mr A O Vincent Mr M Allerton Mr S Leleux MrA Jacques Mr l Mccormac Mr l Davie ITr8asurer) Mr R Griffith$ (Retired 31 October 20231 IAppolnted 31 October 2023) Company 8ocrrtary Mr A McGill Independont Examln•r Jane A5croft FCA MA Icantabl Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XP The trustees, annual report was approved on goNrn.. fZO- &4 and signed on behalf of the board of twstees by.. Mr Jacque8 Trustee
Historical Model Railway Society Indgpgndent Examlnerfs Report to the Trustees ol Histori¢al Modèl Rallway Soclety Year Ended 31 Docernb•r 2023 I reFQrt to the trustees on ry examination of the accounts of Historical Model RaIvaY Society ('the charity'l for the year ended 31 December 2023. R8sponslbllllles and B••ls of Report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charits'es Act 2011 I'lhe Act'i. I report in respect of my examination of the charity's accounts carried out under sects'on 145 of the 2011 Act and in carying out my examination I have followed all the applicable Directions given by the Charity Commission under se¢lion 14515llbl of the Act. Indepondent Examlnorfs Stat•m•nt I have completed my examination. I confim that no material matters have come to my att8ntton in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in SpeCt of the charity as Uired by section 130 of the Act., or the accounts do not aecord with those records,. or the accounts do not comply with the applicable requirements concerning the fom and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and faiff view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention Should be drawn in this rewrt in order lo enable a proper understanding of the accounts to be rea¢hed. Jane Ascroft FCA MA ICantab} Independent Examiner Enterprise House Harmire Enterprise Park Barnard Castle County Durham DL12 8XP
Historical Model Railway Society Statement ol Flnanclal Actlvltles Year Ended 31 December 2023 2023 Reslricled funds Total funds Total funds 2022 Unreslricled funds Note In¢om& and endowments Donab'ons and legacies Other trading activities Investment incorne 44,909 30,268 4,279 79,456 44,909 30,268 97,7C 32,840 664 166 Total Incomo 166 79,622 131,210 Expendlture Expenditure on raising funds.. Costs of other trading aelivities Expenditure on charitable actwits'es Totsl expondlturo 26,082 65,275 91,357 26,082 65.545 91,627 18,932 61.151 80,083 270 270 Not {eXdIturoYIneOrne {11,901) {1041 112,006 51,127 Tran81ers b8tsveen fvnds 1875) 875 Not movement In funds 112,7761 771 112,0051 51,127 Reconclllatlon of fund8 Total funds brought fOard Total funds carrl•d forward 751,629 738,853 9,558 10,329 761,187 749,182 710,060 761,187 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. Tho notss on pages 7 to 15 lo part of these accounts.
Historical Model Railway Society Statement of Flnancial Position 31 Oecembgr 2023 2023 2022 Note Fixgd A8S0ts Tangible fixed assets 45 294,551 294,775 Currènt Assots Stocks Debtors Cash at bank and in hand 16 17 145.392 9,831 306,544 127,000 11,066 340,842 481,787 478,908 Credttor8: amounts falllng due wlthln one year Net Curr•nt A$•ots 7,136 12.496 454,631 466.412 Total As80ts L•88 Curront Llobllltlo8 749,182 761,187 Net A886ts 749,182 761.187 Funds of the Charlty Restricted funds Unreslricled funds 10,329 738.853 749.182 9,558 7S1,629 Total charlty fund• 761.187 These accounts were approved by the board of trustees and authorised for issue on X9f¥*rV..?.2nJliF and are signed on behalf of the b08rd by.. Mr l Davie ITr&a8urer) Trustee The notes on page8 7 to 15 fomi part of theso accounts.
Historical Model Railway Society Notes to the Accounts Year Ended 31 De¢ember 2023 General Infornmtlon The chanty is a public benefit enb'ty and a registered charity in England and Wales 8nd is unincorporated. The address of the principal office is Clo 8uttedey Ststion, Ripley, Derbyshire, DE5 3QZ. Statement of Compllanco These accounts have been prepared in compliance with FRS 102, 'The Financial Reporbng Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable lo charities preparing th8ir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charities Act 2011. Aecountlng Pollclo8 Ba81$ of Proparatlon The ffinancial stslements have been prepared on the historical cost basis, as modified by th8 revalualion of certain financial 8ssel$ and liabilities and investments measured al fair value through income or expenditure. The ffinanclal Statements are prepared in sterling, which is the functional currency of the entity. The ents'ty Is a Public Benefit Entity. Golng Con¢•m There are no material uncertainties about the charity's ablllty lo contlnue. Judgements and Key Sources of Estlmatlon Uncortalnty The preparation of the financial statements requires management to mak8 ludgemants. estimates and assumptions that affect the amunts reported. These estimates and judgement$ are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The trustees consider that there are no significant estimates or judgements affecting th8$e financial 8talem8nts. Fund Accountlng Unrestricted funds are available for use al th8 discretion of the Iruslees in furtherance of the purposes of the ¢harity- Designated funds are unrestricted funds earmarked by the trustee5 for specific purposes. Restrlcted funds are subjected to reslriclions on their expenditure Imposed by the donor.
Historlcal Model Railway Society Notgs to the Accounts (¢onriftued) Year Endod 31 December 2023 Accounllng Pollcles (conllnued) Income All incomè is included in the ststement of financlal activllies when the charlty Is entided to the income. any porformance lated conditions attached have been mel or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy. The following specific policies are applied lo particular categories of income.. Donations and legacy income is received ty way of donations, legacies. grants and gifts and is included in full in the Statement of Financial Activities when receivable. Where legacies have been notified lo the charity but the cnteria for income recognition have not been mel, the legacy is treated as a contingent asset and disclosed if material. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are re(nised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included al the value lo the charity, being the amount the charity would have been willing lo pay to obtain $ervice$ or facilities of eqLFivalenl economic benefit on Ihe open market. Investment income is included when receivable. Income from charitable Irading activity is 8c¢ounted for when earned, Income from grants, where related to P8rformance and specific delNer8bles, are accounted for as the charity earns the right lo consideration by its perfomian¢e. Expendlture Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fvlly recovered. and is reported as part of the expenditure to whith it relates.. Costs of raising fvnds comprise the costs associated with attracting donations, grants and legactes and the costs of trading for fundraising purposes. Charitable expendllure comprises those costs incurred by the charlty In the delivery of Its activities and services for ils beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary lo support them. Other expèndf(ur8 includes all expenditure that is neither related to raising fvnds for the chadty nor part of ils expenditure on charitable aclivi118S. All costs are allocated beeen the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating lo a particular aclNity are allocated directly, others are apporh'orled on an appropriate basis. as set out in the notes to the accounts. Tanglble Assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impaimient losses.
Historical Model Railway Society Notes to the Accounts {¢onUnu¢dJ Year Ended 31 December 2023 Accountlng Pollclo8 (¢onUnued) Deproclation Depreciation 1$ calculated so as to write off the cost or valuation of an asset, less its residual value, over the u$efvl economic life of that asset as follows.. Le8sehold Premisès & Fittings Library & Exhibition Bookcases & Equipment Office, Computer Equipmènt & Website Photographic Negatives & Collection Library Bwks & Archive Models, Layouts & Nameplates 5% reducing balance 3% reducing balanc8 10%1250A reducing balance per annum 2°/fy reducing balance 10¥0 U¢Ing balance 5% dUcIng balance Impalrni•nt of Flxed A88•ts A review for indicators of impairment 1$ Carried out al each reporting dale, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amoLtnt, the asset is impaired a¢¢ordlngly. Prior impairments are also reviewed for possible reversal al each r8POrting date. 8to¢k• Stocks are measu at the lower of cost and estimated selling pri Eess costs to compkte and Sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock lo Ils present location and condition. Flnanclal In$trnm•nt• The charity only has financial a$sel9 8nd liabilities of a kind that qualify as bas1¢ financlal inslrumenls. Basic financial instruments are initially recognised at Iransaclton value and subsequently measured at Ihelr settlement value. Oebtorn Trade and other debtors are CognIsed at the settlement amunl due after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. Arxrued Incom8 and tax recoverable is included at the best estimate of the amunts re¢eiv8ble at the balance Sheet dale. Cash at Bank and In Hand Cash at bank and cash in hand indudes $h and short temi highty liquid investments with a short maturity of three month8 or less from the date of acquisition or opening of the deposlt or similar a¢count.
Historical Model Railway Society Nots8 to tho A¢counts (¢ondnu8dJ Year Ended 31 December 2023 Accountlng Pollcle8 (¢ortlnu•d) Crndltorn Creditors are recognised where the charity has a present obligation resutting from a past event that will probably result in the transfer of fund$ to a third party and the amount due to Settle the obligation be measured or estimated reliably. Creditors are nomially recognised al Ihelr settlement amount after allowing for any trade discounts due. Taxation The Company Is nSIdered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and thefore It meets the definltion of a charitable company for UK corporation tax purposes. Accordingly, th6 company is potentially exempl from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively lo charitable purposes. Donatlon• and L•gacl•• Unr8slricted Total Fund• Unrestricted Total Fund8 Funds 2023 Funds 2022 Donitlon* Donations and royaltie8 Subscriptlons Gift aid Library and photographic donation8 Refund of bequesl transport oo$l$ 10,225 26,462 7.477 10.225 26,462 7,477 11,989 27,927 7.790 50,000 11,989 27,927 7,790 50,000 745 745 44,909 44,909 97,708 97,706 Oth•r Tradlng Actlvltlos Unrestr+cted Total Fund• Unrestricted Total Funds Funds 2023 Funds 2022 Sales of publications Sales of transfers Sales of photographic materials Sales of drawings Sales of wagons Other sales 4,583 20.763 710 3.865 73 274 4.583 20,763 710 3,865 73 274 12,681 15,328 915 3,712 133 71 12,681 15.328 915 3,712 133 71 30.268 30,268 32,840 32,840 -10-
Historical Model Railway Society Notes to the Accounts f¢¢)ntlnuodJ Year Ended 31 December 2023 Investment In¢om8 Unrestricted Funds Restricted Total Funds Funds 2023 Bank interest receivable Other interest CeIvable 4,264 15 4,430 15 4.279 4.445 Unrestricted Funds Restricted Total Fun¢J$ Funds 2022 Bank interest receivable Other interesl receivable 580 664 580 664 Costs of Othor Tradlng A¢tlvltlo8 Unrestricted Total Fund8 Unrestricted Totsl Funds Funds 2023 Funds 2022 Costs of other tradSng actlvities 26.082 26,082 18,932 18,932 ExndIture on Charltablo Adlvltlu by Fund Type Unrestricted Funds Restricted Totsl Fund• Fund$ 2023 Costs of charitable activities Is8e page 18} 65,275 270 65,543 Unrestricted Funds Reslricled Total Funds Funds 2022 Costs of charitable aclivilles Isee page 18) 81,151 61,151 Exp•ndlturo on Chafltsble Actlvltlo8 by Actlvlty Type ActivitS undertaken Total fund8 directly 2023 Total fvnd 2022 Costs of Charitable activrties (see page 181 65,545 65,545 61,151 10. Net IExpendfturelllncom• Net lexpenditure)lincome is staled after chargingllcredrtingl.. 2023 2022 Depreciation of tangible fixed assets 13,974 13,405 11
Historical Model Railway Society Notgs to thè Accounts (conllnu8d) Year Ended 31 December 2023 11. Indopendent Examlnation Fegs 2023 2022 Fees payable to the independent examiner for.. Independent examination of the accounts 450 420 12. Stsff Costs and Emolyment8 Thè total staff costs and employee benefits for the reporting penod are analysed as follows.. 2023 2022 The charity does not hav8 any employees and has no p18ns to have any employees in the foreseeable future. The average head count of employees during the year w8$ Nil12022'. Nill. No employee received 8mploy8e benefits of MO than £60,000 during the year12022'. Nil) 13. Tru8l•e Rernunoratlon Ind Expon808 No remuneration or other benèfits from employment with the charity or a related 8ntity were received by the trustees. During the year 1 trustee was reSmbursed for travel expenses and payments incLIed on behalf of the charity. These payments lota11ed 39612022 - 1 trustees We 1mbur$ed £3101 14. Trnn•fer• Betwagn Funds During the year £875 was transferred from unreslricled funds to restricted funds. This comprls8d ¢ontribulion$ from membership subscriptions lo the Educational Award Fund. 16. Tanglbl• Flx•d A•g0ts At 31 December 2023 At 1 January 2023 Addltlon• Cost Leasehold Premises & Fittings Library & Exhibition Bookcas8$ & Equlpment Office, Computer Equipment & Websit8 Photographic Negatives & Collection Library Books & Archives Models, Layouts & Nameplates 392,957 8,449 51,847 1 $8,482 56,500 34,081 13,750 406,707 8,449 51,847 158,482 56,500 34,081 702,310 13,750 716.066 12-
Historical Model Railway Society Notes to tho Accounts fcondnu8dJ Year Ended 31 December 2023 15. Tanglble Flxed Assets (eoniinued) At At 1 January Charge for 31 December 2023 th• yoar 2023 Depreclatlon Leasehold Premises & Fittings Library & Exhibition Bookcases & Equipment Office, Computer Equipment & Website Photographic Negatives & Collection Library Books & Archives Models, LayoLrts & Nameplate8 270,645 7,805 39,516 30,930 25,728 32,917 407,541 6,803 277.448 7,869 42,453 34,119 26,651 32.975 2,937 3,189 923 58 13,974 421,515 At At 31 Deeomber 31 D•combor 2023 2022 Carrylng arnount Leasehold Premises & Fittings Library & Exhibition Bookcases & Equipment Office, Computer Equipment & Website Photographic Negative5 & Collection Library Books & Archives Models, Layouts & Nameplates 129,259 580 9,394 124,363 29,849 1,106 122,312 12,331 127,552 30,772 1,164 294,$51 294,775 16. 8tock8 2023 2022 Publications stock Transfer stock Paper stock 20,958 116,227 8,207 145,392 23,211 103,789 127,000 17. Debtor8 2023 2022 Prepayments and accrued income Gift aid debtor OlheT debtors 1,922 7,477 432 3,276 7.790 9,831 11,066 -13-
Historical Model Railway Society Notes to the Accounts (¢Mttnue Year Endod 31 D•¢omb•r 2023 18. Credltorn: amount8 falllng due wlthln one ygar 2023 2022 Accruals and defeed income Social security and other taxes Royalties 6,017 11,667 239 590 7,136 12.496 19. Anal9 of Charltoble Funds Unrn8trfct•d fund8 At 31 Decomber 2023 At 1 January 2023 Income Expenditure Transfers Gèneral fvnds 751,629 79,456 {91.357} 18751 738,863 At 31 December 2022 At 1 J8nu8ry 2022 Income Expenditure Transfers General fvnds 701,589 131,126 180,0831 11,003 751,629 Ro•trlclod funds At 31 Decernbgr 2023 Al 1 January 2023 Income Expenditure Transfers Butterley PHQ Education Award Fund 1,690 7,868 9,558 109 57 1,799 8,530 10,329 12701 12701 875 168 875 At 31 December 2022 At 1 January 2022 Income Expenditure Transfers Butterley PHQ Education Award Fund 1,604 6,867 1,690 7,868 1,001 8.471 1,003 9.558 -14-
Historical Model Railway Society Notos to th¢ A¢¢ounts {¢onllnu Year Ended 31 December 2023 19. Analysls of Charitsble Funds (¢oniinutdJ There are restricted funds.. Museum and Study Contre IM & SCI This fund was created lo build the Museum and Study Centre and is Ihe residual amount from the completion of the building. It is funded by member donations. 11 ha5 been retained recognising that future expenditure 8specially of a capital nature will be required on the building. Furthermore the Society was involved in an unsuccessful Lottery Bid with the Midland Railway Trust in 2015 to develop Museum facilities at the Swanwick Junction sile. This would have involved expanding the HMRS building for ils archive. storage and public access requirements. The M & SC is part of the Midland RaiaY Trust's large srte at Swanwick Junction. The building is attached to a MRT building and holds a long lease. Further work is required to both buildings to achieve each paty's aims and alternalsve Sources of funding are currently being considered. Educatlonal Award Fund This separate fund is provided as part of the Society's Educational Chanty objecttves to provide financial support lo individuals or groups looking in lo the History of Britsin's RaIvaY Heritage. Typically the grants are made to individuals, schwls or colleges. The EAF is fvnded by an annual levy of HMRS Members. 20. Anaty•l• of Not A••frt• Between Fund$ Unrestricted Funds Restricted Totsl Fund• Funds 2023 Tangiblè fixed assets Current Assets Creditors less than 1 year Not 488Ot8 294,551 451,438 17,1361 738,853 294,681 461,767 {7.1361 749,182 10,329 10,329 Unrestricted Funds Restricted Total Funds Funds 2022 Tangible fixed assets Current Assets Creditors less than 1 year Net a•$ets 294.775 469.350 112.4961 751,629 294.775 478.908 {12,4961 761,187 9.558 9,558 21. Oth•r Flnanclal Commhmonts The centre al Butterley has been constructed on land owned by Derbyshire County Council and leased to Midland Railway Trust Limited who have granted a sub-lease to the Society for a temi of 79 years from 1 November 2000 10 31 December 2079. 22. Contlngencles The Society has a continuing commitment to comply with the terms of the Underlease betsveen the Society and Midland Railway Trust Limited in regard lo the maintenance of the building known as Butterley Museum and Study Centre. 15-
Historical Model Railway Society Management Infonnatlon Year Ended 31 Decembgr 2023 Th• Followlng Pag•8 Do Not Forni Part of tho A¢¢ounts. 16-
Historical Model Railway Society Detalled Statement of Financial Activitios Year Ended 31 Decemb8r 2023 2023 2022 Income and endowments Oonations and lega¢lo8 Donations and royatties Subscripbons Gift aid Library and photographic donations Refund of bequest transport costs 10.225 26.462 7,477 11,989 27,927 7,790 50,000 745 44.909 97,706 Other tradlng actlvltle8 Sales of publicats'ons Sales of transfers Sales of pholographtc materials Sales of drawings Sales of wagons Oth8r sales 4,583 20,763 710 3,865 73 274 12,681 15,328 915 3,712 133 71 30,268 32,840 Investment Income Bank interest receivable other interest receivable 4,430 16 4,d45 Total Incomo 79,822 131,210 17-
Historical Model Railway Society Detalled Ststement of Flnanclal Actlvltles (contlnu8d) Year Ended 310ecember 2023 2023 2022 Expendlturo Costs of other tradlng actlvltles Cost of publicalions Cost of transfers Cost of photographic material Cost of drawings Other trading costs 6,770 15,926 1,288 1,036 1,062 26,082 9,570 6,519 825 963 1,055 18,932 Expondlturo on charitable actlvftlgs Butterley M & SC expenses Library & exhibition expenses Light & heal expenses Insurance Educational Award Fund grants payab18 Area groLtps Storage costs Overall travel costs Professional fees AGM costs Office costs Depreciation Journal Newsletter Website design Membership AdmSnislration 5.162 2.834 7,465 3.898 270 657 1,059 413 1,193 2.003 3,706 13,974 9,579 7,178 4,335 2,019 65,546 3,795 1,584 9,500 3,371 561 2,458 1,712 170 2,603 13,405 10.853 9.074 2.065 61.151 Total exndftUre 91,627 80,083 Net {exp8ndlture}Ilncomo (12,005 51,127 18-