VALE OF BERKELEY RAILWAY CHARITABLE TRUST
Trustees' Interim Report and Accounts
For the financial year ending Sept 2022
VALE OF BERKELEY RAILWAY CHARITABLE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Governers of Trustee
Francis John Wooldridge Appointed 10 January 2018 Graham Leslie Sturgess Appointed 10 January 2018 Robin Charles Geoffrey Payne Appointed 10 January 2018 Resigned August 2021 Howard Patten Parker Appointed 10 January 2018 Paul William Richardson Appointed 10 January 2018 Andrew Charles Goodman Appointed 10 January 2018 Edward Paul Colechin Appointed 10 January 2018 Resigned Nov 2020 Timothy Johnathan Cambray Appointed 10 January 2018 Resigned Nov 2021 Edgar Craggs Appointed 20 October 2018 David Snell Appointed 19 October 2019 Richard Taylor Appointed 9 October 2021 Resigned Aug 2022
Registered number 1176597
(Registered 10 January 2018)
Bankers
TSB P O Box 373 Leeds LS14 9QG
VALE OF BERKELEY RAILWAY CHARITABLE TRUST
Trustees' Interim Report and Accounts
For the financial year ending Sept 2022
Trustees' Report
The Trustees present their report and accounts for the year ended 30 September 2022
Principal activities
The Trust's principal activity during the year was working towards the restoration of the Berkeley branch line as a heritage railway and railway centre
Establishment of Trust
On 10th January 2018, the Vale of Berkeley Railway Charitable Trust became a registered charity. It was decided by the VOBR Company Ltd that all assets & liabilities would now be transferred from the company to the VOBR CT. The balance of £16,681 was transferred from the Company bank account on 31/07/18 and the account closed.
Locomotive and rolling stock restoration continued at the shed. The Clearance of Oldminster sidings and the work at Berkeley Station also continued. A lease has been negotiated with Network Rail for the area known as Oldminster sidings and planning is now progressing for the development. Fundraising continues as does the efforts to submit the planning application and to negotiate the hoped for lease on the line.
The Total Income for this financial year has been £45,076. Last Year it was £40,577. This figure includes a donation of £10,000 in recognition of volunteers labour restoring the Planet Loco. This is additional to the restoration agreement in place.
The Gift Aid recovered in the year is £1,856, compared with £3,480 last year, but since these figures were produced, a further £3,254 has been received (which will be reported in the next financial year).
The scrap metal income is substancially up at £8,705 compared with £5,581 last year reflecting the increases in metal prices.
Total Expenses for this financial year are well up at £41,837 compared to £21,716 last year. The largest change is the cost of moving the pacers to Clynhydra (£12,642).
The Weighbridge project is now unlikely to go ahead. We hold nearly £10,000 restricted funds for this project, made up of a £5,000 donation from Renishaw and the remainder from a bereaved family. The donors will need to be contacted to ascertain whether the funds can be diverted to another VOBR project or whether they will need to be returned.
The VOBR holds a considerable amount of donated assets, the values of which still need to be reflected in the accounts. This will be rectified in the period ending September 2023.
Signed by Trustees of VOBR Frank Wooldridge
| Approved on | 15/08/2023 |
|---|---|
| (Date) |
VALE OF BERKELEY RAILWAY CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD TO 30 SEPTEMBER 2022
| Notes Income from: Donations 1 Other 2 Total income Expenditure on: Raising funds 3 Charitable activities 4 Project costs 5 Total resources expended Net movement of funds Fund balance at 30 September 2021 Prior Year adjustment of closing balance Fund balance at 30 September 2022 Signed by Trustees of VOBR Approved on |
Unrestricted Funds £ 23,980.26 20,788.79 44,769.05 28,247.01 465.00 12,641.75 |
Restricted Funds £ 307.12 0.00 307.12 0.00 483.49 0.00 |
Total 2022 £ 24,287.38 20,788.79 45,076.17 28,247.01 948.49 12,641.75 |
Total 2021 £ 19,741.00 20,836.00 |
|---|---|---|---|---|
| 40,577.00 12,027.00 9,689.00 0.00 |
||||
| 41,353.76 483.49 3,415.29 (176.37) 122,642.00 19,200.00 (162.72) 0.78 125,894.57 19,024.41 Frank Wooldridge 15/08/2023 (Date) |
41,837.25 3,238.92 141,842.00 (161.94) 144,918.98 |
21,716.00 | ||
| 18,861.00 | ||||
| 122,981.00 | ||||
| 141,842.00 | ||||
VALE OF BERKELEY RAILWAY CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET AS AT 30 SEPTEMBER 2022
| Fixed assets Tangible assets Current assets Debtors Adjustment Vat Due Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Total assets less total liabilities Income funds Restricted funds General unrestricted funds Signed by Trustees of VOBR Approved on |
Notes 5 6 7 8 9 Frank |
Notes 5 6 7 8 9 Frank |
|---|---|---|
| 144,918.98 | ||
| (Date) 15/08/2023 |
VALE OF BERKELEY RAILWAY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 SEPTEMBER 2022
| 1 Donations Donations and gifts Current year Transferred in from Prior years For the year ended 30 September 2022 2 Other income Miscellaneous sales Current year Transferred in from Prior years For the year ended 30 September 2022 3 Cost of raising funds Support costs Transferred in from Prior years For the year ended 30 September 2022 4 Costs of generating donations and other income Charitable activities |
Unrestricted Funds £ 23,980 23,980 20,789 20,789 28,247 28,247 12,642 465 13,107 |
Restricted Funds £ 307 307 0 0 0 0 0 483 483 |
Total 2022 £ 0 24,287 0 |
|---|---|---|---|
| 24,287 | |||
| 0 20,789 0 |
|||
| 20,789 | |||
| 28,247 0 |
|||
| 28,247 | |||
| 12,642 948 0 |
|||
| 13,590 |
VALE OF BERKELEY RAILWAY CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDING 30 SEPTEMBER 2022
| 5 Fixed Assets Property Equipment Workshop Equipment 6 Tangible Assets Signaling Equipment Trolleys Rolling Stock (Brake Van) 2 of Class 143 Pacers Permanent Way Assets 7 Cash at bank and in hand Charity Bank Account TSB Savings Account Petty Cash Shop Float 8 Restricted Funds Weighbridge Fund Sleeper Fund Transfer of Funds Signalling Fund Oldminster sidings Station Fund Protected Funds 9 Capital & Reserves Transfer of Funds Capital & Reserves Other Funds P & L Account Adjustment required |
£ £ 3,219.20 4,500.00 200.00 7,919.20 1,200.00 250.00 4,000.00 500.00 14,500.00 20,450.00 5,132.20 109,346.62 216.95 40.00 114,735.77 9,933.49 1,100.00 (1,661.46) 10,062.24 (1.61) (408.25) 7,990.92 19,024.41 1,661.46 84,463.23 36,390.63 3,238.92 140.33 125,894.57 144,918.98 30‐Sep‐22 |
£ £ 3,219.20 4,500.00 200.00 7,919.20 1,200.00 250.00 4,000.00 500.00 14,500.00 20,450.00 5,132.20 109,346.62 216.95 40.00 114,735.77 9,933.49 1,100.00 (1,661.46) 10,062.24 (1.61) (408.25) 7,990.92 19,024.41 1,661.46 84,463.23 36,390.63 3,238.92 140.33 125,894.57 144,918.98 30‐Sep‐22 |
|---|---|---|
| 20,450.00 | ||
| 114,735.77 | ||
| 9,933.49 1,100.00 7,990.92 |
||
| 19,024.41 | ||
| 125,894.57 | ||
| 144,918.98 |
| Charity Name | No (if any) | |||
|---|---|---|---|---|
| Vale of Berkeley Railway Charitable Trust | 1176597 | |||
| Receipts andpayments accounts | CC16a | |||
| 01/10/2021 For the period from Period start date |
To | Period end date 30/09/2022 |
Section A Receipts and payments
| A1 Receipts | Unrestricted funds to the nearest £ 23,980.26 20,788.79 - - - - - - 44,769.05 - - - 44,769.05 28,247.01 465.00 12,641.75 - - - - - - 41,353.76 - - - 41,353.76 3,415.29 122,479.28 125,894.57 |
Restricted funds to the nearest £ 307.12 - - - - - - - 307.12 - - - 307.12 - 483.49 - - - - - - - 483.49 - - - 483.49 - 176.37 19,200.78 19,024.41 |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 24,287.38 20,788.79 - - - - - - 45,076.17 - - - 45,076.17 28,247.01 948.49 12,641.75 - - - - - - 41,837.25 - - - 41,837.25 3,238.92 |
Total funds to the nearest £ 24,287.38 20,788.79 - - - - - - 45,076.17 - - - 45,076.17 28,247.01 948.49 12,641.75 - - - - - - 41,837.25 - - - 41,837.25 3,238.92 |
Last year to the nearest £ |
|---|---|---|---|---|---|---|
| Donations & Memberships | 23,980.26 | 19,741.00 | ||||
| Other income | 20,788.79 | 20,836.00 | ||||
| Transfer in frompreviousyears | - | - | ||||
| Transfer in frompreviousyears misc) | - | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| Sub total(Gross income for AR) |
44,769.05 |
40,578.00 | ||||
| A2 Asset and investment sales, (see table). |
||||||
| - | ||||||
| - | - | |||||
| Sub total | - | - | ||||
| Total receipts A3 Payments |
||||||
| 40,578.00 | ||||||
| costs raisingfunds | 28,247.01 | 12,027.00 | ||||
| Charitable expenditure | 465.00 | 9,689.00 | ||||
| project costs | 12,641.75 | - | ||||
| Transfer in frompreviousyears | - | - | ||||
| Transfer in frompreviousyears(misc) | - | - | ||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| - | - | |||||
| **Sub total ** | 41,353.76 | 21,716.00 | ||||
| A4 Asset and investment purchases, (see table) |
||||||
| - | ||||||
| - | ||||||
| **Sub total ** | - | - | ||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
||||||
| 21,716.00 | ||||||
| 3,415.29 | - 176.37 | - | 3,238.92 | 18,862.00 | ||
| - | - | - | ||||
| 122,479.28 | 19,200.78 | - | 141,680.06 | 122,981.00 | ||
| 125,894.57 | 19,024.41 | - | 144,918.98 | 141,843.00 |
15/08/2023
CCXX R7 accounts (SS)
7
Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B4 Assets retained for the charity’s own use B3 Investment assets B2 Other monetary assets B1 Cash funds |
Frank Wooldridge Signature Details Details Restored equipment other assets Details Details Debtors VAT Bank Account & Cash Total cash funds (agree balances with receipts and payments account(s)) Details |
Unrestricted funds Restricted funds to nearest £ to nearest £ 95,711.36 19,024.41 - - - - 95,711.36 19,024.41 Agreement Error OK Unrestricted funds Restricted funds to nearest £ to nearest £ 221.04 - 1,453 - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - Print Name Frank Wooldridge |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| 7,919.20 | |||
| 20,450.00 | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Frank Wooldridge | 12/08/2023 | ||
15/08/2023
CCXX R8 accounts (SS)
8
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/ members of On accounts for the year ended Set out on pages |
Charity Name Vale of Berkeley Railway Charitable Trust |
Charity Name Vale of Berkeley Railway Charitable Trust |
Charity Name Vale of Berkeley Railway Charitable Trust |
|---|---|---|---|
| 30thSeptember 2022 | Charity no (if any) |
1176597 | |
| 1-6 (remember to include the page numbers of additional sheets) |
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30 / 09 / 2022 .
Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ 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 to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
| Signed: Name: Relevant professional qualification(s) or body (if any): Address: |
15/08/2023 | |
|---|---|---|
| Leah Farrer, Farrer Financials Limited | ||
| CIMA | ||
| Brook House, Toadsmoor Road, Brimscombe, Stroud, 2TB |
Gloucestershire, GL5 |
1
Oct 2018
IER
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
2
Oct 2018
IER