Charity registration number.- I1728i2
Littlehampton Heritage
Railway Association
Annual Report and Financial Statements
for the Year Ended 31 May 2024
Hod50n & Co
Wistoii l.lousc
I Wislon Avenue
Worthin&'
West Sussex
BN14 7QL

Littlehampton Heritaae Raihvay Association
Contents
Reference 8lld Administrative Details
Trustees, Reporr
2to4
Slalemenl ot"Trustees' Responsibilities
Independent IxaminLr'% Report
Slatement of Financial Activities
Balance Sheet
Notes lo Ihe Financial Sialements
910 17

Littlehampton Heritage Railway Association
Reference and Administrative Details
Trustees
D Harris
R Cook
S Shatths
P Robert5
C Shanks
Charity Registration Lyumber
11728i2
Registered O￿lee
The Engine Shed
Mewsbrook Park
14eiidon Avenue
Litilehamplon
West Sussex
FIN16 2LX
Independent ExJminer
Hodson & Co
Wislon House
I Wiston Av¢nue
Worrhing
We51 Sussex
BN14 7QL
Page I

Littlehampton Heritage Railway Association
Trustees, Report
The trustees, present Ihc annual report together ivith the financial statements of the Lharity for the year eTTrded 31
May ?024.
Objeetives and activities
Objecl.s and uims
As stated in the charily's niemortinduTn, Ihe object of the charity is..
To restore, preservL, cxhibil and operate railway locomotives, carri<qftes, waiions. vehicles and other arteftlL15 or
historical interest and thu StruLlures Lonnected therewith for tlie benetit ai)d eduLatioii ot the byeneral publiL and
to conserve booki draN￿1ngs, reLord5, doculnenls, sound and visual recordin&ys. cinematOg7raphy. films and
photographs and other archive tnaierial relating lo such artefacls and vehicles, their history and development.
Piiblic beiiefll
The Littleliampton Herilagc Railivay A550Li<ltioii (LHRA) is run on a not for profit b¢lS15 and the trusiees have
had reg)ard to the Charity Commission guidiince on public bcii¥fil and paid due reg<ird to il li) deLidin¥ what
activilics tlie chtirity should undertake.
'I'he trustees coiifm that they have conipliLd with the requirem¢nts of seLlion 4 ol- the ChariliLS Act 201 I to
have due regard to the public benefit guidancL published by the Charity Comiiiission lor England and WalLS.
Achievements and performance
Tliis year ive LelebratLd 75 yuars of operating the oldest opcratiniy
12 114inch gauLye railivay in Ihe UK and ive
hLld a gF1( la inviliii&y vi%iling< stL<im giibyines truni Ruislip i< nd Exinoor ovlr ? days. 'fhis &Jenerated a husFe interest
trom the hLrit<TrgTe railway cniliusi<l.818 acros8 tl)e C.OLintry.
DLSPite a bigF increasc in coal and eleLtriLity priLe we manaLycd 10 hold our pi'ices for an 8ih consecutive year but
Ihis will be closely nioiiilored for the next season.
DuriiiLF the ivinlcr closed season a large %LClion of triiLk and sleepers W¢lS replacLd ii)elLidiiig Icvelling and re
ballaslu)gy this was underlaken by the volunteers resulting in a lar¥e investmcnl of appro.K £27,000.
The diesel clcclric engiiie 'Albert" Ivhich was oivned by two of the members was PLirch1c sed ivliich means we
now have three eiigines solely owned noNv by LHRA.
Our juiiior iiienibcr 8Llienie Lonlinued to be well suppoited which ive hope lo ijroiv on and encoura(ye yuun&itr
members of lh¥ publii lo become involved with the railway.
Several of our policies ivere updalcd and improved namely oiir safegTuarding (Ind Kisk assessments.
Our S¢inta specials cottliiiiie to be 1£ huge success Ihrouuhoul the Lommunity and sold out ivithin i day5 of being
011 sale lo the gLncral publiL and something7 we hope to improve on for 2024.
We have and are stil I working iviih the Blind Veterans Association to ensure we can supply a suithblL Service
for Ihcm Lo enjoy now and into the future.
Other improvement5 for the year included a new feli roof and updalinTh the Horne control system so that we cali
get remote nolifiLalion of a tLrc or snioke and auor openingT alam. To assist in d¢creasingy our ¢leLtrical iosls a
nelv supplier ivas found and all fliiorescent lighting NTras replaced ivith ILd li¥hiing. This also iinproved our _green
slalus and (Ilong ivith this ive are trialling new eNvironmiiilally triendly ¥oal, this is slill under evaluation.
Page 2

Littlehampton Heritaue Railway Association
Trustees, Report
Structure? governance and management
Natiire ufgoveriiipig dociimenl
The charily 1.% rcgi.%lered as a charitable incorporatLd organisation (CIO) as of 3 May 2017.
Organi.satioiial slriiL'tiire
The Lhariry is nin by a board of trustees who deleoale the day lo day operation to voluiiteers.
Financial instruments
ObjeclivL',s andpullLles
The cliarity oiily has linancial a%%et5 and financial liql bilities of a kind thai quali ly as b<lSiL financial inslrurnents.
Basic financial inslrunicnls are initially recoJ() ised2 Él transaction valLIL ai)d subsequently measured al their
seiilemenl value ikilh thL exception of bank loans which are subsLqueiitly measured at <tn)ortised cost using the
eftcctive ii)leresl melhod.
The annual report was approved by the ttUSiLLS of the Lharity on .
. and signed on ils behalf by.,
C Slianks.
I'rustee
Page 4

Littlehampton Heritage Railway Association
Trustees, Report
To help support other railways ive und¢rtook- the refiirbishment of a boLJie for Fairbourne railivay in North
Wales who we have a good relationship with ivith Ruislip and Exbury. (iarden5.
We are also trialling new comm syslem sockets on one of our eng7ines 'Philippa" and it this proves successful il
vill be rolled out across all our enoines including 'Christopher" a steam enginL owncd and buili by one of our
members.
Lastly we have been success￿[ in passinu out i)eiv guards and Ltrivers and there has been a small increase in our
membership.
We also worked closely with "Friends. of Mewsbrook Park" by donatin¥ a family ticket for tr(tvel on the train for
all neNv <iiid exislin&i Inenibers for one vear.
Financial review
Puli¢J on reserves
The Iruslees seek lo maintain adequale unrestricted reserves lo enable the 5muuih day lo day operations of the
harity. Al the pre%Lnl momLnl in liniL Ihe IrusieLS ivould l ike lo build thc level of unre%iriLted reservL.% to cover
six monihs e.xpenditure.
I￿v￿rmen1 policy aiid objeL'live.s
'I'he trusleL)S Ill<ly burroiv or r<iise Inoney for the obj¥Ll% Ot IliL cliarity on siiLh terms c1nd on sucli SCCLlI'ity <15 niay
be Ihougyhl lil and wligiher by the LreiLlion and is.4UL> ol. dLbentures or debeiilurL slolk or oiherivise.
-rhey may also invest monies ol. the con)paIiJ' not iinm<dialLly required fur ils purposL in or upon such
investments, seLurities or pri)PLIIy ILS may bL thought til, subj¢Lt nevertheless to such coiidilions (i I. any) as In£ly
lor the liiiie bLin&) bL 1111PO8L'd or rc4uifLd by laii and subjeLt also a5 hL'rLaller provided.
Going eonLern
l-lie cliarily has rLviewed il's finunLi<il perfiinnancc and g¥ncral reserves po.sition. 'I'he charity h¢iS ad¢quat¢
financial rLsources ai)d is able lo niaiia&?e il's busincss risks. The charity's plannin(F
process has taken into
LonsidLfcltion Ihe Current econoniic cliniale iTriid ils potential impact on rhe various sources of income and
plannLd Lxpeiiditure.
Taking into account all faLtors the Lhiirity ha.s reason<ible expeLtatiun thai li has adequ<ile resol￿¢¢5 lo coniiTILie
in OPLralional eiisiLnc¢ lor Ihl toi-csccablc future and believe thai there are no nialerial uncerlaiiities that Liill
into Ihe ¢harily'S ability lo conliniie in operc11ion.
Trustees and officers
The trustees and ol'licer.s serving, duriiiil the year and since the ye<1r eiid ivere as follows..
Trustees:
D H<qrris
R Cook
G Bashdll (resigned 3 November 2023)
S Shanks
P Roberts (appointed 12 October 2023)
C Slianks
Page 3

Littlehampton Heritage Railiva}' Association
Statement of Trustees, Respnnsibilities
The Iruslees are responsible for preparing the trusrees, report and the financial siaiements in accordaiice iyith
applicable law and United Kingdom Accounting Standards (United Kintsdom Generally Accepted Accounting
Practice).
Charity SORI) requires the tNstees to prcparL fin(Incial statemeiils for eacli f￿anCIal year. The trustees must not
approvc the fin{￿Li<ll statetnenls unless IhLy are %ali5fied that tliey give a irue and fair view of the state ot affairs
of IhL charity (Ind of the incoming resources aiid (Ipplication of resources, includingi its income and expenditure,
ot thc charity for that period. In preparing Ihcsc finanLial statements, the trustees are required to-.
select suitable accounrino policÉes and apply them consistently.
observe the methods and principles in the Charities SORP.
make jud¥ements and estimates Ihac are reasonable and prudent.
state whether applicable accounting standards. comprising FRS 102 have been followed, subject to any
matLrial dcparturtts disclosed and explained in the fuianLiiil siaiements, and
preP<￿e the financial slatemenls on the going Loncern basis unless il is inappropriate to presume that Ihe
Lliiirilable compaiiy will con¢inuL in business.
The Iruslees ¢ire respon.%iblL for keepiiigy accountiiigi records that disclo%L willi rLasonablL accur(tL)' £11 (￿Y time
the Iinancial position ol- the Lli(irity. ThLy arc al80 responsibl¥ tor %aleguardll)lY
Ihl as%LlS of the charity and
hence for tdkingJ rL&%on<ible steps tor the prLveiilion and detection of fraud and L)IhLr irrL&iJul<irilies.
-I'he trustees are responsible tor ihe mainienanLe (ind inl¢gvriiy of the corporate fin￿¢la1 inlorniacion
included on the charity's website. Le¥i%lation &)overnin&F the preparation and dis.%eminaiion ot" financial
staieinenls Inay ditrcr Iroii) legislation in other jurisdictions.
Approvcd by the trustees of the charity on
and sigyned on ils behalt by:
C Sl)ank's
Trustee
PagL )

Littlehampton Heritaoe Railway Association
Independent Eiaminer's Report to the trustees of Littlehampton Herltage Railway
Association ('the Company,)
I rcport lo thc charity trustees on my examination of the accounts of the Cumpany for the year ended 31 May
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts. The charity's trustees consider
Ihdl <tn audit i.% not rlquircd lor Ihi% year under section 144 of the Charities Aci 2011 ("Ihe Charities Act") and
Iliat an uidependenl exaniinalion is needed.
Having) satistied myself that Ihe charity is not subjeLI to audit and is eligible t.or independent examin<ttion, it is
my responsibility lo..
exiimine the ¢lLLounls undLr seLli()n 145 of thc Charities Act,
lo follow the procedures laid down in the gencral Directions given by the Charity Commission (under section
145{i){b) of the Charities Act), and
lo stale wheiher partiLular n)atters have come lo my attention.
Basis of independent examiner's statement
My e.X<imination ivas carriLd out in accordance iviih general Directions &Fiven by Ihe Charity Commission. An
xamin<ltioii iiiclude.% £1 fLviLlY ol. Ihe accounlinby recor(Is kept by the cl)Éqrity ¢tniJ cl Lomparison of Ihe (ILLounls
presented with thvse reLords. 11 also includLS consideration of any wiusiial ilems or disclo.%ure8 in the acLounts,
and seekin&T Lxplanaiions Iroin IhL Irusiees LL>nLeriiing aiiy sucli matt¥rs. -l-he procedures undertaken do not
provide all thL evidLncc dial ivould be rLqiiired in dn (iudil, and Lonscqucntly i)0 opinion is given as lo wliLih¥r
the iicLoiints present a 'lrue and lair, vieii, aiid the report is limiled 10 those nidtler8 sei oul in Ilie slalemtynl
below.
Indcpendent examiner's slatemeilt
In ¢onneLlion iviil) Iny exdliiiliLilion, no material matters have coine to my attention ivliicli &JivLS. me cause lo
believe Ih<lt in, any ni(Ileri<il re5pe¥l:
IhL accounling records ivere not kepi in acLordance wit]i section 130 ot the Charities Act; or
the ilCLount5 did not acLord Nvith tlie IlCC()unting) records. or
• the a¢LLiunts did not Lomply with tlie dppIic<1blc requirements coiicerniiiitr the lorm <ind conicnl of accounts scl
out in the Ch¢irities (ALL(IILllts and Reports) RLgulalions 2008 other Ih(tli (Iny requirein¢iil Ihcil Ilic aLLouiils g?ive
a 'true 1¢ nd lair" view ivhiuh is not a marter Lon%idLrcd as parl ol. ali independent examination.
I have Lome 4
Iliis r¢po
.ili i)rdL'r Io t'l)
Iller rnatte￿ in Lonncclion with the examinatioll 10 ivhich attention should b¥ draNvM in
lyl¢ a proper under.%iaiiding of the accounts to be reaclied.
J Hod50n BS¢ FCA
Independent F.xaminer
Wiston House
I Wislon Avenlie
Worthing
Wesl Sussex
BN14 7QI.
Date..
Page 6

Littlehampton Heritage Railway Association
Statement of Financial Activities for the Year Ended 31 May 2024
Unrestricted
funds
Note
Ineome 2nd F.ndowments from:
Charitable aclivilie%
Investment income
$3.?5?
4?3
53.247
Total income
$3.67)
Expenditure on:
Charitsble activities
(66,?16)
66,216
Total expenditure
66,216
Nel expenditure
Net movement in funds
(12.541)
(12,i41)
Reconciliation of funds
'] otal funds brought fonvard
96,668
96,668
Total funds carried forward
12
Unre$triclcd
fun(15
84,1?7
Total
20?3
RebtriLted
funds
Note
Income and Endowments from:
Charitable activities
Invc.slmLnl incom¢
47.1149
83
47,849
83
Total inconie
47,932
Expcnditure on:
CharilablL aclivitics
(39,564
39,564)
I'olal expenditure
(39,i64)
(39,564)
Net income
Transfers betiveen flfftds
11,368
14
8,368
1141
Net movLment in funds
8,382
8,368
ReconciliJtion L)f funds
Total tiinds brought fonvard
88,286
IJ
88.iOO
Total tiind5 carried forward
116.668
All ot the charity's activities derive from continuin(J operations durings the above tsvo periods.
I'he funds breakdo1￿ for 2U23 is shown in note l?
The notes on pages 9 to 17 form an integral part of thesc tinancial stalemenls.

Littlehampton Heritage Railivay Association
(Registration number: 11728i2)
Balance Sheet as at 31 May 2024
2023
Note
Fixed assets
Tangiblc a%%eis
46,60?
39,302
Cu rrent assets
DLblors
Cash al and in hand
6,610
31,68S
6,678
10
38,29)
58,081
Creditors: Amounts falling due withiii one year
770
715
Net current assets
37,)?)
Net assets
84,1?7
Funds of the charlty:
UnrestriLted income funds
Unrestricicd I"und8
84,1•7
96,668
Total fund
84.1?7
9() 6()8
'll)e
cial Sl<ilements on pages 7 10 17 were approved by tlie Irusiee%, and authori8Ld lor is8u¢ on
Zgkind signed on their behall. by:
C Shanks
I rust¢¥
The notes on pabjes 9 to 17 form an inte¥al part of these financial statements.

Littlehampton Heritaoe Railway Association
Notes to the Financial Statements for the Year Ended 31 May 2024
I Charity status
The charity is a Charitable Incorporated Or(ranisation (CIO) and consequ¢ntly does not have a share capital.
ThL address ot ils registered office is:
ThL Enoinc Shed
Mcivsbrook Park
Heiidon A venue
Littlehanipton
West Su%%ex
BN16 ?LX
2 Accounting policies
Summary of 5ignifJcant accounting policies and key accounting estimates
Tlic principal accountino policies applied in the prcparalion ot ihc%¥ I￿a1)cIal sialLmLiils (Ifu set out bLIo¥v.
Tliese policiLS havL been consisienlly applied 10 all thL years pre8enicd, unless otherwise sl£iled.
Statement of compliance
I'he financial staiemenls liave been prepared in accordanLe wiih Accounting and Reporting by Charities..
Staleincnt ot. ReLonmi¥nded Practice appl icable to cliariiie8 preparii)g (heir aLLoiill15 in aLlord￿Le with ilie
F'iiianLi<il Ileporting, Siand<ird applic<ible in ilie Uik <ind RepubliL ()f Ireland (FKS 102} (ef'tecliv¢ l Jtiniiilry
2015) - (Charities SOIII) (F'IIS 102)), the Financial Reporting Standard applicabl¢ in IhL IJK and Republic of
IrLland (fR% I O?) and the Charities Act 2011.
Ba.si.s of prcparalion
LittlLhaniptoi) Herilcltie Ilailway Association Ineets the definition of a public bcncfit entily under FRS I O?
Assets aiid liabilities are initl<illy recoonised ai historical cost or transaction V£iliie Linl¢ss otherwise staled in thc
relevant accounting poliLy notes.
Thc t-mancial stat¢men15 are prepared in sterling which is the fuiictional currency ol" thL cnlily.
Cjoing LonL'ern
Thi Iruslc¢s con8id¢r th1( t there are no nialcrial unc¢rtainties aboul th¢ charily's abilily lo conlinuL as a going
concerii iior any SI￿{? iticant areas ot-111)ceitainty that aftLCt the carryiiig7 value ofasseis held by the charity.
Judgements
'l-he prepar<i1ion of the finanLial 5ldt¢menls requires manauenient 10 make judgements, estimates and
&8sutnptions that atTecl the amounts reported. These estimates and jiidgemLnls are conlinually revieived and are
based on experience and other factors, including expectations of future events that are believed to be reasonable
under the circumst(inLes.
Income and endowments
Inconie is recoiynised ivhen the charity has enliilemenl lo the funds, any performance Conditions attached to the
items{s} of incoTne have been niel, il Is probable that the inLome iiill be received and the amount can be
mLasurcd rLI iably.
Pa17e 9

Littlehampton Heritage Railivay Association
Notes to the Financial Statements for the Year Ended 31 May 2024
Doiiaiiuns and le&FuLies
Donalions, Ic re recognised when they have been corTllnunicated in ivriting ivith notificaiion of both the amount
and seiilen]eiit date. In the event that a donation is subject to conditions that require a levLI of perlornianc
before the charity is entitled to the ftjnds, the income is deferred and not reco(Fnised until either those conditions
arc fully met, or the fulfilment ot those Coiidilions is ivholly within the control of the Lh(trity (Ind it 1% probable
Ihal Ihose Collditions ivill be tiilfilled in the reponing period.
Leoacy gJiftS ¢ire reco¥iised on a case by c￿e basis folloNvinu the yanling of probdle ivhen the adminislralorl
execlilor for tlie estate has conllnunicated in wrilingv both the amount and settlement d£iie. In IhL cvcnl thal lh¢
(yift is in the fomi of an ￿Set oihLr ihan cash or a f￿ancial asset ¢raded on a recognised stock exchanbJc,
rcco¥nition is subject to the value ot the gift beii)(r reliable MeE￿Urable willi a de&)ree of reasonable (ICLuraLy and
the title lo the asset has been transferred lo the chariry.
InV￿rmen1 inc()me
Interest on funds held on deposit is incluited upun notifiL(Ition of the inlerest paid or payable by the Bank.
Fxpenditure
All expendi¢urL is reLog>nised once there is a legal or Lonstruclive obligation to that expenditure, il is probable
seiilemenl 18 required 1<iid the amount can be measured reli<ibly. All LOS15 arc allocalLd lo the appliLable
expenditurL heddingT II)Glt <lg'grr¢gate sitnilar costs lo that categvory. Wher¢ Lost5 Laniioi bl directly allribiited to
particular lieadiii&i5 they liave been allocated on a basis consistent iviili the lis¢ of resourcL.%, lyith central slal't
COS15 £tlloca¢¢d oli Il)L basis of liiiie speni, and depreLi<ilion uharg>es <illoLal¢d on th¥ portion of the ¢155el's use.
Other support costs are al loLated based on the spread ot staft Losts.
Cliaritahle activlile.s
Chiirilable expeiiditure comprises those cosls incurred by the charity in the delivery ol. its aciiviiies and services
tor ils bei)etiLiaries. 11 includLS botli Losls ihat Lun be alloLal¢d direcily lo .such activities <ind t1i05e LO%lS of 11n
indireLt nature necessary to siipport them.
Support costs
Support cosis inc lude central funcli0118 and have becii al locatcd ro activity Cost CiitegTorie5 on a b&sis consislenl
Ivilh the use ot resources, lor cxaniple, al IoLaliiiu property cosls by Iloor arcas, or per Lapil4 staff costs by the
linie spent aiid othLI- cosls by ihLir usdge.
Governance costs
-Fhese include the costs attributablL lo the Lharity's compliancL wilh con.8titutioiial and stalulory requiTernent5,
including stral¢gic managcin¥iil and trustee5'5 meetings and reimbursld expun815.
Taiation
The charily is Lonsidered to pass the lesls sel oiil in ParaiFraph I Schedule 6 of the Finance Act 201 O and
therclorL il meets the definition of a charitv t-or UK corporaiion tax piirp()se5. Acciirdingly, Ihc chariLy is
potentially Lxempi from t&xalion in respect of income or ¢(Ipilal gYdiliS reLeivLd w'iihin categories covered by
Chaplcr 3 Part I l of the Corporation Tax Act 2010 or Seition ?fj6 of Ihe '] iixalic)n of Chargeable Gains Act
1992, to the exteTIt thal such income or gains are applied exclusively to charitable purposes.
Tangible fiyed a55ets
Individual tixed assets costing £ 100.00 or more are initially recorded at cost.
Page 10

Littlehampton Heritage Railivay Association
Notes to the Financial Statements for the Year Ended 31 May 2024
DepreLi¥ltion and amortisation
Depreciation is provided on tanuible fi.xed assets so as to write off th¢ cost or V¢lluation, less any estimated
residual value. over their expecLed useful economic life as lolloiYs=
Asset class
Plant and Incichinery
Fixture and fittingis
Equipment
Depreciation method and rate
over 4 yec1rs
l jO/o reducin(F balance
belivcLI) 2 and 5 Ye(￿s
Trade debtors
Triide debtors are amounts due Irom Luslomers for merchandise sold or serviLes performed itTr the ordinary
coiirse ol- business,
Trade dLbt()rs are recoyiised initially at the transactiun price. They are subsequently measured at amortised cost
usiniy the et'feciive interest iiiethod, less provision for impairnienl. A provision tor the impaimienl of trade
dLbtors is eslablisl)ed iyhen there is objLCtive evidence tlial the ch1( rity will not bl able to col lecl illl <inioun15 due
acLording to lh¢ origuidl lern)s ol- IhL fLceivables.
Cash and cash cquivalents
Cash Q<nd Lash equiv<ilLnls Loiiiprise cash on hicnd and call deposits, ¢ind other 5hort-Icrni highly liquid
inv¥stmenis Ihai are readily LonvertiblL lo a k'no¥vTI aniouiil ol. C2L%h and Èire siibjecl lo ali Insi￿11 Icani risk uf
chanije in value.
Fund struLture
UnresificiLd inLonie fvnds arc gLllLf<il fiinds thai arL available tor use at the Iruslees discretion ITI ￿rthlrancL of
the objLclives of Ihe cliai'ily.
Financial instruments
Cla.i.si]i£'all(In
Financial assets and financial liabilities ol. a kiiid that qualify <iS b<iSiC fiiianLial instrumei)Is. Basic liiianLial
instruments are initially reLogTnised ilt Iransaciioii value and subsequLnily me(Isur¥d al Ih¥ir s¢'lllLmenl valiiL'
viih Ilie exception ol. b¢ink Io<ins which are subsequently measured al Ic morrised cost usin& the efteLlive inlersl
melliod.
3 Income from charitable activities
Unrestricted
funds
General
T()Inl
Railway operation
Total for 2024
i3,2)2
i3,252
Total for 2023
47,849
47,849
Page 11

Littlehampton Heritage Railway Association
Notes to the Financial Statements for the Year Ended 31 May 2024
4 Investment income
Unrestrieted
Total
fundg
General
Interest receivable and 5iTnilar income.
Interest receivable oil bank deposits
4?3
4?3
Tolal for 2024
4?.1
4?3
Total for 2023
83
83
5 Expenditu re on charitable activities
Unrestrieted
funds
GeDer#l
Totul
2024
Note
Railivay opuralion
Allocatcd support costs
Govern(11)Le Lost5
()3,812
1,378
63,81?
1,378
()6,?16
Unreslricted
funds
GenLr#l
Total
2023
Note
Railway operaiion
Al luca¢ed support cost5
(iovemance costs
37,207
37,207
1.20?
1,155
3(),564
Actlvisy
undertaken
directly
Actii ity
support cost.s
2024
Railway operali0115
63,812
Activity
undertake
directly
1,378
6).190
Activity
support Costs
2093
Railway operations
37,?07
1,202
i8,409
In addition to the expenditure analysLd abov¢, there are also gov¢mance costs of £1,026 (2023 - £1,155) Ivhich
relate directly to Lharitable activities. See note 6 for furth¢r d¢tails.
Page 12

Littlehampton Heritage Railway A550ciation
Notes to the Financial Statements for the Year Ended 31 May 2024
6 Analysis of goiernanee and Support costs
Goi'ernance cosls
Unrestricted
funds
General
Total
funds
Independenl exaininer fees
Examination ot the fuJanLial st(ttements
1.026
1.0:6
Total for 2024
1,026
Total for 2023
1.155
7 Taxation
Thc cliarity is a regislere(I charity and is Iherefore exempt trom ia.Yaiion.
Page 13

Littlehampton Heritage Railway Association
Notes to the Financial Statements for the Year Ended 31 May 2024
8 Tangible fjxed assets
Furniture and Other tangible
equipment
rixed asset
Total
C05t
At l June 2023
Additions
?0.69g
4),01 I
65.71
14.IX)O
At 31 M(iy 2024
?0.699
79.710
Depreeiation
At I Jlme 20?3
ch(￿ge for the year
.916
16,482
6.408
6.7UO
At 31 May ?0?4
.3.1.108
Net book value
Ac 31 May 20?4
8,574
38.1)?¥
46,602
Al 31 May ?023
10,773
!8.$)9
9 Debtors
2024
2023
l)repaymenls
Oiher debtors
5,0.)7
1,5)3
5,117
6,610
C) ()78
10 Cash and cash equivalcnts
2024
2023
Cash on liaThd
Cash at bank
Sliort-terni deposits
170
27,373
23,860
7.?.51
11.685
51,403
Paue 14

Littlehampton Heritage Railway Association
Notes to the Financial Statements for the Year Ended 31 May 2024
I I Creditors: amounts falling due ￿1th1n one year
2024
9023
Olh¥r Lreditors
Accruals
768
714
770
71?
Pa(ye 15

Littlehampton Heritage Railway Association
Notes to the Financial Statements for the Year Ended 31 May 2024
12 Funds
Balance ut I
June 2023
Incoming
resources
Resources
expended
Balanee at31
May 2024
Unrestricted funds
General
Railway Operation
i3,67)
84,127
ljalaDee at
31 May
20?3
IIAlance at I
June 2022
Incoming
rcsourLes
Resources
expenijed
Transfers
Unrestrictcd funds
General
Railway Operaiion
88.?86
47,932
(39.564)
14
96,668
Restricted
Sussex Lomniunily Trust
14
Total funds
47932
Pagye 16

Littlehampton Heritage Railway Association
Notes to the Financial StatemL'nt5 for the Year EndL¥d 31 May 2024
13 An4qlysis of net funds
tnancing cash
flows
Ai31 May
2024
At l June 2023
Cash at bank aiid in hand
51,403
19,7111
31.685
Net debt
51403
19,718
14 Rel%lL.d rty trAnsxctiUllS
There were no I'elaled party traiisaclions in Ihe year.
Page 17