CbaTity Tegistrthon uumber. 1172852
Littlehampton Heritage
Railway Association
Aottual Rep)rt and Fitiatieial StAteme]Jts
foT the Year Ended 31 May 2022
Wiston Howe
I Wiston Avenue
Worthing
West Sussex
BN14 7QL

LittlehaLnPtOD Heritage Raillvay Association
ConteDts
RefererLce and Administsative Details
Tn￿te¢s, R¢port
2to3
Independent ExarnineFs Report
Staternent of FinaD¢ial Athivities
Balance Sh¢tt
Notes to the Financial Statemeots
7t014

LittlehamptOD Heritage Railway Association
Reference Ydnd Administrative Details
Trustees
C Shattks
D Hatris
M Cook
G Bashall
S Shank¥
Cbarity RegiJtrAtioD Number
1172852
Principal Office
The Engine Shed
M¢wsbrook Park
H¢Ddon Av¢DU¢
Littlebampton
West Su&sex
BN162LX
Page I

Littlehampton Heritsge Raihvsy Association
Trustees. Report
Th¢ ttustecs, who are dtrectots for the PUTPOS¢S of compyny law. present the arllwal rcport tO8ether with the
finattcial ststements of the ebarithble eompany for the yw ended 31 May 2022.
Obje¢tiveJ and activities
Objects and olms
As stat¢d in the charitys Memorand￿ the object of the charity i5:
To restore, preserve, exhibit and operate railway IocoTDotives, c•rriage8. wagons, vchicles and other artefacts of
historical interest and the Stn￿tllres connected therewith for the benefit and education of the general public and
to conserve books. drawings. records. documents, sound aDd visual recordings. cinernatogTaphy* films and
photographs and other archive mateTial T¢lating to such artefacts aDd vehicle4 their history and d¢velopmenL
Ptsbl¢¢ benefil
The Littlehampton Herits8e Railway Association ILHRA) is Tun on a ttoi for profit ba518 and the tn￿ttr￿ have
had re8ard to the Charity Commission 8uid4Dce ott public benefit attd paid due regard to it in deciding what
activitie3 the charity should undertake.
The trusttts confimi thai they have cotclplicd with the requirements ofsectton 4 of thc Charities A¢t 2011 to
hllve duc regard io thc public bcncfit guidance publish￿ by the cTr￿lty Commission for En8land and WAtcs.
Achlevements performanee
Thc Littlehampton Acrita8¢ Railway contiDues to itt)prov¢ and upgr&d¢ thc tracl th¢ winler maintenaDr
programme was at Norfolk Road. the old tt￿￿table was rctnoved and r￿laced with a YJCW Poilll to iD]prov¢ ease
of use wheD runni￿ trai￿￿, new rail artd slee￿5 used throughout the $¢ation area And th¢ platforni w&4
extended to allow four wach ts#ins to be run without blockth8 the p¢destrian crossing when staadmg in the
station. N¢w sign boar&% were installed &t l)oth Mewsbook Park and the old Norfo]k Gardens. with the
nemeb08Td now read￿g Norfolk Road, ￿ver￿'D8 to its origma] name. The improvement ID track alter4tion
proved Very beneficial to the volunt¢¢rs throughout the y¢ar with att Cxtremely busy p&ssen8er se&qon.
The Guards coach with wheelchair section overhaule4 during the winter of 2022 with thc wheel¢hair
seetion ¢nlar8ed io hold four passengers and one wheelchair allowing larger family units io be Carried, the guard
portion w&$ enlar8ed to add a Small desk to help with the card reader and to carry promotional leaflets. A Eell
Push system was added linking through ttll c4xch¢s •nd thc fow Icwmotives to 8iv¢ a warning si￿1 opeTation
to Drivers and Guards.
Winter checks on the carriagc rolling stock ineluded removin8 411 bogies forservicing.
A shed with tailway style facia iwrth painted in rni1￿Y rolows was buili to house the rn cutting and tra¢k
$ide ¢uttin8 equipment.
Work pro￿ss¢S slowly ort the herits8e Queen EIi7Ab¢th rolling stock and Io¢ollLotive. wheel blanks have been
Tough profil¢d throughout the year new stc¢l work welded ready for i￿1￿[lIng in tbe old railway carriages.
Further asse&8mcDi of the en8ine attd dn"ViDg sysieln CODtinues so nMMl¢rn safety pr&ctiye3 can be built in.
Training continues with new volunteers and annual reviews of ail operational vohwteers regardiDS safe railwAy
operation.
In addilion to our stalwart volunteers. thath are also due to Anw District Council and Littlelwnptoll Town
Councll for their xnvaiuable b¢lp alld sUP￿TL
Page 2

IAttlehampton Heritage Railjvay Association
Trustees. Report
Socialund community
LHRA colltttiues to operate extremely active Faceb(MTrk and Twilt¢r sites as part of our cojnmunity outreach
program. which are regularly updated by our Con)munity Officer. This Continues to get extrenjely p)sitive
feedback from the local commL7nity as well as eontitiuitig to give vah]abl¢ lljforn￿tl0ll for tourists.
Financial review
Policy on reserves
The trustees seek to maintain adequate unrestricted Teserves to enable the smooth day to day operations of the
charity. At the present moment in lime the truste&8 would like to build the level of unrestricted resetves to eover
six months expenditlwe.
Inveslmenlpolicy andobjec¢ives
Th¢ trwtees may borrow or raise ￿￿neY for the objccts of the charity on su¢h tern￿ and on such security as may
be thought fit and whethcr by the creation and i5su¢ of d¢benkn OT debentuye stock OT otherwise.
Thry may also invest monies of the company Dot imtn¢diat¢ly requtred for its pu4)ose in or upon such
irtvesthients, securities or ProF￿ty as may b¢ thought fil Subject nevertheless to such eonth"tions (if #nyl as may
for the time being be itnposed or reqUI￿d by law and subject also &* hereafter provided.
struc￿￿% 8overn*tteÈ #nd m#n#getynt
Ndmre ofRovernlng document
The clwity is rewstrred 08 0 charitable Incory￿rntcd or88tiisJtion (Cto) as of 3 May 2017.
0rgdnlsts￿tsnrtI Strueiure
The cbarity is by a board of trustees who dele8ate the d&y to day operntion to voluuteets.
The aDnual report was ap
ved by th¢ trustees of the ¢barity on 14 February 2023 and si8ned on its behalf by:
C ShaT]ks
Tnwce
Pagc 3

Littlehampton Heritsge Railway Association
Independent Examiner's Report to the trustees of Littlehampton Heritage Railway
Association ('the Comp8ny')
I report to tbe ¢l)arity tn￿ on roy ¢xamination of the accounts of the Coropany for thc ycar ended 31 May
2022.
ReBponsibilitie5 *nd basis of report
As the charity's tsijstees of Littlebampton Heritsge Rallway Asso¢iatioD you are r¢sponsibl¢ for the PEep&rntion
of the accounts in accordanee with the requirett￿ts of tbe Clwities Act 2011('the Act,).
l Teport in respect of my exa￿1n￿]0tt of your cFthriry'S accounts as caTried out under section 145 of the Charities
Act 2011 ('the 2011 Act.). In earrying out my examin&ion I have followed the Directions &ven by the Chaxity
Co)]]mission under stttion 145{5Xb) of th¢ 2011 Art
Indepelldetst examiDer'$ ststemett¢
I have ¢omplet¢d my ¢xamingti0Th I confirni tbat no mattrgs have come to my attention in Col￿e¢￿On with the
examination giving me ¢w to b¢lieve:
accowiting records were not kept in resFtrt of Li¢¢l¢hampton Hui¢ag¢ Railway AS5￿1￿tion as requircd by
8ection 130 of the Act" or
2. the aeeounts do not aeeord with those records. or
3. the accounts do not comply with the applicable requirements concerning the forni and contcnt of accounts
set out itt the Clwities {A¢coullts and Reports) RcgulatioThs 2￿8 other than any rcquiremertt that the
accounts give a 'tsue and fair view, whicb is not a nMtter considered ￿ part of •D independent
I have rto eoncerns attd have come acrwJs no o(1￿r D￿11¢[$ in ¢oJJn¢¢iioD with the exAmin&tiott to wbich attelltion
should bc dTawn in this r¢port irt order to en&blc a propcr understanding of the aCWUDts to be re4¢h¢d.
La)lJ o _
M J H¢thn FCA
Independent Examiner
Wiston House
I Wiston Avenue
Wortlllng
West Susscx
BN14 7QL
14 F¢bruary 2023
Pag¢ 4

Littlehamptoll Heritage Railway Association
Statement of Financial Activities for Ihe Year Ended 31 May 2022
Unrestricted
funds
Restricted
fuDds
Total
2022
Note
Income 4nd EndoY4rnents fro
Cbarttable activiti&%
Investm¢nt income
55.471
2.438
57.909
Total incom¢
55.473
2.438
57.911
Expenditure on:
Charitabl¢ activities
{32.609)
(1.915)
(34.524)
Total expenditure
32.609
1,915
34,524
income
Transferj betw¢¢D fun&B
22.864
523
3,056
23.387
Nel movement in funds
25.920
(2,533)
23,387
R¢¢oDCi]iatioD of fund$
Tothl funds brought fornrd
62.366
2.547
64.913
Total fi]nds c4rrÉed forward
88.286
Unrestrirted
fwDds
14
Restricted
fundj
88.300
TotAI
2021
Note
IDtome aDd Endowments from:
Charitsble activitses
Tnvc$tTn¢nt in¢ome
30,068
34,068
Total income
30.072
34,072
Expenditure on:
Charitablc activities
,635
18,711
Total expenditure
17.076)
.635
18.711
Net income
Tran5f¢TS bcttv¢¢n fiu
12.996
1.318
2,365
1,318
15,361
Nel nKpvement in ￿ndS
14.314
1.047
15.361
Reconciliation of fuDds
Total fijttds brought forvmrd
Total funds ¢4rti¢d forward
48,052
1,5(NJ
49.552
62J66
2.547
64,913
All of the charitys activities derive from conlinuiDg OF¢f¥tti)L% dunD8 the above two p￿iods.
The fimds breakdown for 2021 is sbowD in note I l.
The notes on pages 7 ￿ 14 folm au ]Dte￿I part of these financial statements.
Page 5

IAttlehampton Heritage Railway Association
Oiegistration number: 1172852)
Balance Sheet 8$ Ydt 31 MAY 2022
2022
2021
Note
Ftsed *$$ets
Tangible assets
Current a$5ets
Debtors
Cash at bank and in hand
30,796
25.189
5,115
53,998
59.113
40,239
40.239
CreiJitorJ: Ajnounts f•lling dut V4ithin on¢ ye•r
io
515
Net current assets
57.504
39,724
Net *iiets
88.31X)
64,913
Funds of the charity:
Restricted income funds
Restricted fjJDds
14
2,547
UDre$trieted ineome funds
Unrestri¢t¢d funds
88,286
62.366
Totsl fundj
88.3(Ki
64,913
The fllmncial ststem¢nts on pg¢8 5 t() 14 were approved by the trustees. and authoris¢d for i55u¢ 14
Febnwy 2023 and si8oed on their bebalf by:
C Sbanks
Trustee
The notcs on pagcs 7 to 14 fom) an int¢gral part of thG5e financial statetllents.
Page 6

Littlehampton Heritage Railway Association
Notes to the Financial Statements for the Year Ended 31 May 2022
l Aeeoulltillg policies
Summary of significant aeeounting polieies accounting estimAtes
The principal accounting policies applied ill the preparation of these fJnan¢iai stst¢Dients are set out bdow.
These policies have been consistently 4>plied to all the ye￿S presetttr￿ unless otherwise stated.
Statement of compliance
The r]nancial statetllents b2v¢ be¢D PT¢pgTed in aecord8nee with Accounting 8nd Rep)rtitig by Clwities..
Stsiement of Recommended Pra¢ti¢¢ appli￿ble to chan"ti¢s prep8Ting th¢yI accounts in accord8llc¢ with the
Finaneial Reporting Standard 8pph'cable in the UK and Republic of ITelaDd (FRS 102) (effe¢tive l January
2015) - (Ch&riti¢8 SORP (FRS 102)). the FiDatieial Reporting Standard Applicable in the UK attd Republic of
Treland (FRS 102) and the CIMrilies Act 2011.
B9$1$ of preparatioD
Littlclthmpton Heritage RAilwAy Association meets the definition of a public benefit eDtity under FRS 102.
Asscts and liabilitics ar¢ initially re¢ogtiised at historie4J cost or trattsaction value unless otherwise ststed in the
relevant accounting policy notes.
The fmatteial ststemellts are prepared in sterliDg wbich is th¢ funrfional ¢UTr¢n¢y of the ¢ntity.
Going concern
The ttwtees consider that there are no material uncertainties About the charitys ability to continue as a goin8
¢onccrn nor any $i￿1ficant areas of uncertainty that affect the carrying value of held by the charity.
Judgementg
The preparation of th¢ financial statements wuires mana8ement lo make judgements. estimate5 and
assumptions ihat affect the amounts reported. Theye e5titnaies and judgements are continually reviewed and are
based on experi¢n¢¢ and oth¢T factorn includiti8 exP￿18t10ns of future events that are believed to be reasortable
under the circumstan¢¢s.
Ineome and endowmeDts
Income is recognised when the cbaTity ha5 entiilement to the funds, any wfornw)ce conth'tions attached to th¢
iiems(s) Of ineome have been me¢ it is pKA)abl¢ that the incffj￿ will be reeeived and the 8mount can be
measured reliably.
Donations dndleE&des
Donations. are re¢o8llised when they ha￿ been cornmunicated in wriling with notifi￿tIOft of both the •mount
And settl¢m¢nt d8t¢. In th¢ event that a donation As subject to ¢ondition5 thai requir¢ o level of perforniauee
b¢fore the charity is entitled to the fijthls, the Income is defetred and t￿t rtcogmstd until cither those conditions
are ￿llY meL or the fu]fiiment of those conth"tiOJLS is wbolly within tbe control of the cljan.ty and it is probable
that those conditioftLS will be fiafilled In the repOrt￿g perio
Legacy 8iPG are recogn￿￿ on ¥4 w¢ by c&8e basis following the gr8llt￿g of prob4te when the administratorl
executor for the estate has communi(xted ID writing both the amowit and settletlleni date. tn the event that the
gift is in the forni of att asset other than cash or a fjnaDCI￿ asset traded on a ttcoglltsed stock exclwige,
recognitiott is subje¢t to the value of the being reliable me•suTable with 8 degree of reasonable accurney and
the title to the a&8et IMS been transferred to the cljarity.
Page 7

LittlehamptOD Heritage Railway Association
Notes to the Financial Statements for the Year Ended 31 May 2022
Inv851ment income
Interest on fuTh&s held on deposit is included upon notification of the ititertqt paid orpayable by the Bank.
Fxpenditure
All expendilwe i5 r¢cogDwd oncc d￿e is a legal or c4)I￿￿tive obligation to that expenditur< it is probable
settlement AS required alld the amount ¢aD b¢ m¢asured r¢liably. All eosts are 8llocated to the applicable
expenditure heading thai aggrewe similar eosts io that category. Wh￿e costs cat)not be directly attributed to
particular headings they have been allocated on * basis eoDsistrnt with the use of resource4 with central staff
¢osts allocated ort the basis of time spenL and depreciation ¢harg¢s alloc8trd on the POTtion of the ￿ke1.5 use.
Other support eosts Are alloethd based on the spread of staff costs.
Chftrilable aclivities
Charitable expendittwe Comprises those ¢osts in¢urred by the clwity in the delivery of its actLVltics and services
ftsr its beneficiaries. li includes both costs can be allo￿ted dire¢tiy to su¢h ￿tiVitieS and those cosL8 of an
indir¢d nature to support them.
Support costs
Support ¢osts include ¢¢lltr41 fi￿￿10￿$ and have been all¢x•t&J to activity cost categories on a bASiS WDSiSt¢DI
with thc use of resources. for example. allo￿liDg prop¢rty costs by floor ar¢gs. or p¢r capit4 stAff costs by the
titne SP¢Dt and oth¢r costs by th¢ir
GoverDgnc¢ ¢oJts
These include the costs attributhble to the ¢barity'S ¢0mpILW￿t with consttmtional atsd ststutory wu1￿Ments.
iti¢ludw $tr#tegic tnattagettm￿ and tnLSttts's meetiD83 and reimbursed ¢XP¢Dses.
Taxation
The clwity is consideted to pass the t&sts Set out iti Paragraph I Schedule 6 of the Fin8nrx Aet 2010 and
therefort it meets the defillition of 8 ¢haTity foT UK Corporation tLx purposes. Accordingly, th¢ charity is
potentially ¢xempt from tsxation in respect of in¢om¢ 01 ￿pItal gains receiycd within categories covercd by
CkA8Pter 3 Part 1 l of the Co￿￿r￿￿"0n Act 2010 or Section 256 of the Taxats'on of Cbargeable Gains Act
1992. to the extent that such income or gains 8r¢ apphcd excl￿1VelY to ¢haritsble puwes.
T*ngible fixed *s8ets
Individual fixed ass¢ts ¢osting £l(K).IX) or ate initially rth)rded at ¢osL
Depreciation and #mortisation
Depreciation is provided on lan￿1>1¢ fixed &wts go as to WTite off the cost or Valuatio￿ less any &%timated
residual valu4 over their expected ￿effijI e£onomi¢ lif¢ 85 follow8:
Asset cla55
Plant and M￿hinery
Fixlure and fittKngs
Equiptuent
DeprecialioD method and rate
over 4 years
1 S¥0 reducing balance
between 2 and 5 years
Page 8

LittlehamptoD Heritsge Railway Association
Notes to the Finvdncial Statements for the Year EDded 31 May 2022
Trade debtorg
TTade d¢btors are amouots due from 0￿MerS for merClwTh￿ sold or setviw perfornLed itt the ordinary
course of businw.
Trade debtors are recogoised initi&lly at the trans8ctioD price. They are subsequently mc&%wcd at amortised cost
using the effective interest tnetho(L less provision for impairment A provision for the impairnicDt of trad¢
&btors 15 estsblished when there is objective evidence that the charity will Dot be able to collcct all amounts due
awordiTJg to the On￿ll￿ of the r¢ceivables.
Cajb and easb eqUiv￿ents
Cash and cash equivpdlents comptise cash on bAnd 8ttd d¢p(tsits. and other short-tcm) highly liquid
inv¢stments that 4re readily ¢onv¢rtible th a knowrn amount of e•sb 8Dd are subj¢¢t to an inSI￿lficallt risk of
cIMn8¢ in value.
Fund 5trn¢tUTe
Unrestri¢ted incom¢ fijnds are g¢Deral that are anilabl¢ for wse At th¢ bwt¢es discretion in f4utherance of
the objectives of the chariry.
Restricted incom¢ fimd5 arc th08e doDated (or use in • parts¢ular *Te& or for specific puipo8¢s. th¢ us¢ of wbich
is r¢stri¢t¢d to that ar¢4 or puwe.
Financiil instruments
ClasslJ7cfjhon
FinaD¢ial assets aDd fwoncial li8bilities of 8 kind that qualify as b￿1¢ fitt8￿1&1 iDstsiJm¢nts. Basic fuwiei
instrwneots are lnits￿lY recognised at tr8DS8¢tiOn value and subsequ¢otly measured at their settlement valu¢
with the exception of btnk IoaDS vknicb are 8ubswueDdy measured At atnortisryl Cost using the effectsve interst
meth¢wJ.
2 Income from chAritable a¢tivi¢les
Unrestrirted
funds
Genernl
Reslrlettd
fund$
Total
fund$
57.909
R&ilway operation
Total for 2022
55,471
55.471
2.438
2.438
57.909
34,068
Total for 2021
30.068
Page 9

Littlehampton Heritage Rallway Assoclation
Notes to the Financial Statements for the Year Ended 31 May 2022
3 Investment illeome
UDrestricted
funds
Gener*1
Total
fundi
Interest receivable and similar income:
Int¢TC5t rcc¢ivable ¢)n bank depo$its
Total for 2022
Tot*1 for 2021
4 Expenditure on £hAritable *¢tivities
Activity
undert#ke
directly
Aetivity
support costs
2022
Railway Ope￿10
31,971
Activity
IIDdertake
directly
1.460
33.431
A¢tivity
support cobts
2021
Railway operntions
17.484
340
17,824
In addition to the expenditur¢ anal)TgJ $b)ve. there are also govern￿ costs of £1.093 (2021- £887) v4hich
relat¢ dir¢¢tly to charitsble activitses. See note 5 for fi￿1her detaiL%.
Included ID cbaritsbk expenthntye of £33.431 is resIn¢￿j ¢xpeodittu¢ of £1.915 (2021 £1.635).
5 An41ysi$ ofgovernance and support costs
Coverthgnce ¢o$tg
UDrestricted
funds
Gener41
Total
funds
Independent examiner fees
Examination of the finan¢ial ststements
1.093
1,093
Totsl for 2022
1,093
1,093
Total for 2021
887
887
6 Taxation
The charity is a regISte￿d cknity is therefoTC exty frnn tsxatiorL
Pag¢ 10

Littlehampton Heritage Raihvay Association
Notes to the Financial Statements for the Year Ended 31 May 2022
7 Tangible fued assets
FurDiture and Other tsllgible
¢qIIiPItI¢Dt
ed asset
Totsl
Cost
At l June 2021
Additions
15,083
5,059
24.120
5.870
39,203
10.929
At 31 May 2022
20.142
29.990
50.132
DepredAtlon
At l June 2021
Charge for the y¢ar
5,032
2.323
8.982
14,014
5,322
At 31 May 2022
7.355
11,981
19.336
Ntt book value
At 31 MBY 2022
12.787
18.009
30.796
At31 May 2021
10.051
15.138
25.189
8 Debtors
2022
Prepayments
Otber debtors
3.927
1.188
5.115
9 Casb and casb equivalents
2022
2021
Cash on hand
Cash at bank
Short-¢erni dcposits
222
303
21.162
18.774
40.239
35,(KK)
18.776
53,998
Page 11

Littlehampton Heritage Railway Association
Notes to the Fioaocial Statements for the Year Ended 31 May 2022
lo Creditors: f81]ing due Ivitbin ODe ye*r
2022
2021
Other ¢reditots
AccnLai$
1.608
515
515
Page 12

Littlehampton Heritage Railway Association
otes to the Financial Statements for the Year Eoded 3] May 2022
11 FuDd$
Balance At
31 May
21122
B*iAnce at I
Jwie 2021
IncoD)iDg
resources
Resources
¢￿elld¢d
Tr￿Sfer1
Unrestricted fund$
Géneral
Railway Opetation
62.366
55.473
(32.609)
3.056
88.286
Restricted funds
Community Tn
Track Repairs
M¢wsbrook Ticket Office
Queen Eli2thbeth
132
800
1.115
500
(118)
14
(800)
(1.115)
2.438
2.938
TotAI restricted fundl
2.547
1.915
3.056
14
Total funds
64.913
57.911
34.524
88,300
Balanee At
31 May
2021
B*l2nce at I
June 20211
Incoming
resotsr¢es
ResOVYtes
expended
Transfers
unT￿tricted fundj
General
Railway Operation
Re$tri¢¢ed
Sussex Cotllrrtutiity TnL%t
Track Repairs
Mewsbrook Ticket Office
Queen EIi7Abeth
48.052
30,072
{17.076)
1.318
62.366
IJ
{30)
(1,318)
132
800
.115
500
81x1
2,7
(1585)
Total reytricted funds
1.5(M)
1.635
lJ18
Total fmnds
49552
18.711
64.913
Pagc 13

Littlehampton Heritage Raihvay Association
Not￿ to the Finantial Ststements for the Year Ended 3] May 2022
12 Analysts of net funds
FinaDcing cash
flows
At 31 M•y
2022
At I June 2021
Cash at bank and in hand
40.239
13.759
53,998
Net debt
40239
13,759
53.998
13 Related party transacdoDS
During the year the ¢lwity tnade the following related party traDsActioThs:
Llttleh*wpton HerS¢#%e R*llway Llmlled
ConfiTmation s¢atem¢ni filing. At the balance sheet date the amount due from Littlehampton Hetitsge Railway
Limited was £109 (2021- £Nil).
Page 14