Charlty regl8tratlon number. 11818S1 NORTH DORSET RAILWAY ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Chartered Accountants
NORTH DORSET RAILWAY CONTENTS (coKfiNUED) Reference and Adminl•trativ? Detall8 Truslee8' Reptht 2104 Indopendent Examlnerf$ Rèport Stslem•nt ol FInancI Adivibg8 Not to th• Flnandd St8temont• 8t018
NORTH DORSEf RAILWAY REFERENCE AND ADMINISTRATIVE DEfAILS Ch•lmMn Gwn Colllrv4 {Chwnn8n trom 8 JY 2024, prevlwsly Socr•l¥ry) Tru•lw• Dlwta Wert Tsler Richar(l Glle$. Secrotary ISec¥etwy from 9 June 2024) Alan whrffen Graham Cookè Ro JM8th&n Jenkinj Ide(x8Jod 9 JUM 2024) %IfiMwn Appdb Phlllp Jacqves Irewgned 21 AuguBt 2024) Cc41n Fi6her (appolnted 2 September 2024) M•rtin Trott lappolnted 2 Seplemb•r 20241 1181851 Charlty R•gl•tratlon Numb•r PrIncI1 Olnc• Shllllng8tor*e Statlon Ststion Road Shilling8ton• Blandford Forum DT11 0&4 Ind•pnd•nt ex•mln•r Edw8rds 8Thd K•eplr4J Llmtted Chartartsd Accountants Unty Chamber8 34 Hlgh Ea81 Street Dornet DT1 1HA
NORTH DORSET RAILWAY TRUSTEES, REPORT The Irusteey preserrt the annu81 report togother wlth the fln8ndo1818tements of th¢ char6ty lor the year ended 30 September 2024. Strncturn. govorn•nc• Ind manag•m•nt N•turn of qov•mlng docum•nt . North Dorset RallwBy INDRI 58 an 88Jociatlon charttae incorporatsd orynl8aUon ICIOI. regi¥twgd on 4th February 2019, a CLM8tstuUon 861ts governing docum•rrt. . There 8re g e¢ted trustees fomi the monagement committee. The Tru•ttes are u8ualty recrurttd from within the membershbp and ar8 elected by the m8mber8 at th• AGM. . The mgnag•monl commtto• have OTganls¢d the NDR V41th • numb•r of 8ubeommlttee8, wth¢ng (3roup8 and Vdunteer Manag•rn ol dep•rtmenti and functi¢)ni. Obl•ctlvM and thctlvltl Oty•cts •nd alms Tho jects #nd aim8 of thè CIO ai sot out In the NDR con•tliulan are.. To pr•88rve and fe81ore for the b&n•fft of th• publ1¢ tho wctton ol the ra1Y ft)rm•rly kno 98 The Somergel and Dor6et Jolnl Raifvmy running 81andford Forum in Dorset and Twnpl•comb• In SOmw Ithe 'RaiWI and r•bt•d infro•tNctur•, rdlww sl¢xk •nd 8u¢xiated buildlngB in particular by: ' catyng out wrrk lo protect and Improve Ihe R8lhvay. ' carrying out 4rk lo advance technlcjl, hlstOTical. and loc educ•llon about the RalMBy by, not 14m•d lo, th• e8tsbllthm•nl of • rnus•um ol st•8m Jnd other k)comoUvg8, rdllng Stock, equipment and rel•led artefact# •nd by eijnwvlng buildlngi and other hi8torie fè•iure8. ' opergllng g horltage r•ilw8y lor th¢ boneflt ol the pul1¢., and ' providlng acce8slble fadllli88 lor training, lechnlcal educadon. and experlence lor those •ngag•d In tho op•ratlon of th• hfjritage T81MY and r8ih¥oys olsvhkn8f•. Publ1¢ b•n•flt The tru8tee8 confimi that thèy havè CoMled wth the requlrernents of section 17 of the Charrtles Act 2011 lo have du• reg•rd to tho wbllc bon•fit gldanC• publl$h•d by th• Ch•rlty Comml••lon lor England and Wal. Achl•v•m•nts andpwlomMnc• Actlvltl•B, Achl•v•ffl•nt• •lld P•rlormanc• for th• f•PQrtlng p•rlod 1st Oct 2> 31)th S•p 24 . Much of th• •rte 8dj8cenl to the Station prwiou•ty u••d for warehoujlng and parklng wa8 sold durfng the year. Wé retaintd the lompor8ry uja of a meetn of the warehouse and parking area, bul au of our stock and equlpmont Includlng o brake van and the SIX wheeled S&DRT c8rf8g•$ had to b• movod inlo this arèa and wa8 3 mammoth t88k for our volunteer8. Many of our èbtabliahed events can no longw be hekl al t italion following the loNB of parking.
NORTH DORSET RAILWAY TRUSTEES. REPORT (CONTINUED) Protectlng and Imprnvlng th• Rallw•y . AS part of the Pha8¢ 1 Extenston, on tr• •Mkment betOn Lamb Hou80 8ridge and Cattl6 eep completed folloIng a reats5esnet of line levels. Advi from an Independent CLynpetonl Engineer ha$ been obtsined. . The Ole length of ext•nwon lo Call1• Cre8P ballAsied on a g•ot•xlllo membrane r•ady lor track18ng. . Engln•thng A88e88mon18 of th8 Lamb HOUM Bridg• alonpside tho ntyoualon Dor•et CouncH over leasjng the bridge to lOW trains lo run over rt have continued. . A new lum out Ipolntl V488 in8taN•d to c¢nn•ct the P62 •idlng the lo•dlng dock to provtdo acces• to the njnning Ilne for P62. Plannin9 Pennis$ion was sutmnltted for Rlverwdo Car Park and w8s granled eartl•r In Marth. A contr8Ctor was appnted to cary out thtr ttlch wa8 5tsrted In Septembèr. • A refurbi8hm&nl of the 8MJno1 box levw frame, block th8lf and instrument pgnd w88 com0d. Mjny ol the In8trumerts are vthlng for d•mon•trnth)n purpoo•8. kndudlng th• Tyw6 Elethc Traln T•bl•t mgchln•$. . A stsrt has been rn•d• on 819nIng Irom t fj1gn box V•lth •lgn•l l•ld along pl•fformi and to a ground gnal. . Th• Lamp Hul acqulred from S&DJR Tru•t vM• r•fU1$h•d •nd p•int•(l. * Worf( has progressed on the Gemral UUIIty Vehlde wbth much of th• linlnq In place. • The framo%%vrk tor the Brakw Van body is now in p18Ce. . R8lurbi8hm•nt cd the Blnegér Cr•n816 compl•t•. r•ady for lOcaOn on dock. . Afthough not ovmed by NOR, it ha8 an Interest in both thé dieBel It¢omotlve. Lmio Ev•, and th• p•trd engln8d Wltham Trolley. 80th have baen In Ihe wrrkshop th18 year UrK1•ryng wvrk to m•k• thom fit for furthgr u••. Signffic•nt pri>gre•o has boon m4d• 7Mlh bolh. T•chnlc•l. Hhtorfcal and •ducallon al)out th• r•llwNy . Voluntèers ho#lod guldod Iou18 for10¢81 hl•toric w•ts"e• 8fKI groups 11 the stsfjon. • Talks vnrg provlded ty vc4unteer8 extemalty to the ststton. . Th• Signal Box w•8 u$•d for th• annual 'Rol on Ihe Amat•ur Radlo evenL . Tho Eg$tor gvwl proved popuLvr vhth many ¥lta th model ra11y and th• •taYon on Show de8pltè the parklng re8tn"ctlone then In plarA. Op•rtlng a H•Yhg• Rall¥Y•y . The Ra1mY hos gdopt•d the Hedt890 rn11 r4)ernlng iythii IHOPSI Is n9 th1• to rwd Competencfre8 8nd manage roster8 In feadlness lor running pasnger troln8 in th? future. DI•1 Engin• driv•fs. Seoond m4n. Shunt•r8 •nd cron9 g•te keepern have b•6n tr•ln•d, assessed. and pg88ed out as comp•tenL . A lormal proces1 tr Inapectlng englnes and 00n bofore mov•mffit has be Imorn•ted •r#J •pprov•d lor Lt•e. . Extemal support has been sourced and uti1180d to ensur• that th• competence managomont Bystem and comWen(ae$ gw8rded 8ro in Ilne ORR expectaUon8, And •re avrdid8d by an Independent compelenl person IICPI Updgled Planning permi88ion from Dorset Coundl 18 requlred to move towards a fulty oTeI)n•t r¥SY acro88 the &te, the %w)rk on pulling the 8ubml8Bion together for th18 h•¥ e4)mmenc•d. Volunt••rlng, Trnlnlng And •xp•rt•nc• • The NOR has no p8id staff, and all actlviti.es 8r• entirety dep*nt on ¥dLtrntwrs. * The raiNvay now has over 110 #dve vdufrteers Ykno have bn through inducllon FYOC488, P•S8od the ralhvays b86ic r8Ilw4y safety tesl and are ext8nding their s116 irtti other arèas. • Vdunteers are activety engage¢J In the maint•n8n¢e and restoration thrjrk at the slte and skllls bekng leamt and uts"li8ed indude Wood%4th arml metslwork on both c8rriag88, steam •ngine$ and Ihe ra1mY bullding8, Palnting. g8rdonlng, Nnning th• ¢ofé •nd providing tslk6 to VI10[8 #nd groupi about • roifvAy. . Course$ and training h8ve been Provlded to volunleor8 R8ifvmy duti88, DrtverB, ShunleT8, Cro88lng G•le Keepers along vAth Flr• Sgfoty, Firnt Aid and Radlo Operations. • The volunteers have been out wlth our events caravan and represented the r8ilway al dlfferent events through the year indudlng the Three Okefords Ralty at Shilling8tone and tho Hey Doy at Child Okeford. . Volunteer8 8re organl8•d Irrto department8 vOluntr d•pwbm•nt8 m8ngg•r8.
NORTH DORSET RAILWAY TRUSTEES, REPORT {CONTINUED) Qu8rterfy questlon and answr $oswons or& held by the TTuslee$ wth the voluntoers. these are planned and meeting note8 8Te recorded in the HOPS system for any vd¥Jnteer lo ¥¢cess. The opportunthes for volunteering both on and off sile are very varied and provi¢Je con81d8rnbte communty benefiL Not least opportuniti•s to develop social cohesion through establishing new endshlp groups. dev•loplng new interests anl a11118$ and the passlng on of existlng knothrfedge ar sklll8 to otheTS. . As a fftse visltor attracilc, wa are a local communlty hub pfoviding indusr¥e lelgjre acfvlbes for okl and young allke. AS such provide public benefit lo the enrn age range vl8itor8 from the localty and ra1MY enthuslasts from fvrthar afield. Flnanclal re¥l•w The NDR independenlty ex8mlned accounts vthich a Induded here wlll be reported at the approprtalè AGM followlng the end ol tho flAanth81 year 18t O¢xober 2023- 30th September 2024. The aCcjnts detail the income SoUrS and eynditure. . Inme in¢r88sed ts)Mpad to the previous year, boosled by a successlul apW for tha Northwn E>Xenslon, wilh members and others gènerously donating more ihan £12,000 towards the ¢¢ts of Ihere. Incomo from trading acbwty also increased, as did the income from investments. Exp¢n¢Jiturt on repair8 and maintenan¢e induded rolling stock expenses. slle eypenses, tracklwng preparation {also known as the Northem Exiension) and 90nw repoirs and m&nthance. Wg d80 sp•nl £3,450 on rdliny slod¢ delivery. hire and storage. . The 'Assets under Construction. noted in note 12 angible Fixed A6setsl relate to the costs of the Nrylhom Extenon and the Riverside Car Park during the finandal year. The cost of the se premium for the Riverside Car Park, adjusted because of previowts paymerrts. be depreugtJ over the 80 year 1888e. hen¢e the ngaty"ve leyal cost sho in note 8. . TrBding 81 the cafè and 3h¢)p also inc¥e88ed whth the Side of the bune$S Shoan9 8 Profft ol more than £50,000 over the year. The 200 Club continues to thrive and has now officialty wal¢om•d its 1C¥)th member. The Club changed from the 100 Club to the 200 Club durfng the year lo refled the number of membern. The 200 Club contributed £1,020 to NDR funds a8 eJl as pawng ryjt £1,018 lo the monthly WMer¥. . Events generalty through the yoar r8ised over £2.200. th funds raised at the eveT-popu18r volunteer curry meals as wdl as Christma6 and Easter events. We also offered Mother's Day and Falherfs Day teas lch wer8 fully bookod and very $ucc8s$lul. No larger events re held bec8U8e of the uncertainty regarding the space avaIlae after vacating IM) of the Perkins units. Slmpllllod Fln•nclal Summary 1st october 202> 3Qth S•ptonib8r 2024 202344 2022.23 £125.791 £113,587 Total Income £138.247 £97,797 Tolal EXndIr0 Net Worth {estimated value of assets alng lor deprecbgtion. plus myw in the bart(I £471,897 £433.447 Polky on rns•rv•s The Trustee¥ have agreed 8 reserves pollry to maintsln 8Lrffldent reserves lo cover regularly rncurrlng overheads for a pgr4od of ssx montr8. A rewve of £20.000 has been agreed and PLrt in place. prtnclp•l fundlng sourc•s Th• prlndpal fund5ng sources are Café and Shop Incom•, don8tlon$ 8nd memb•r8hlp by the truslees ofthe Charity on .fr....J...ak&S-3nd 8wJnod on Its bthall by. Gavin Collln8 Rkh8Td Gile$ Tw8tee & Secretary Trustee & Chwf
NORTH DORSET RAILWAY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTH DORSET RAILWAY l T8P¢Kt on Iho accounts of the drty for the year endod 30 Septèmlr 2024 thIch ar• set out on pages 6 to 18. RMp•dlve r••ponslbllrtlM oftru•t••• and eumlfi•r The trustees are r8spon8ible for the prepaiation of Ihe xcounts. The tru8t•es conwdw that on audlt i• required for this year under section 14412) of tha CharStieB Act 2011 Ith8 2011 Act) and that an IndepdanI 8xamlnatl¢Jn h na•ded. It is my responsi'11ty to.. examlm the accounts undw 8Klon 145 of th• 2011 Acl; to loll¢)w Ihe prOdr¥S1Ojd do4 In gTal Dlrec¥onJ by the Charlty cmISon undèr sèthon 145ISI{bl of the 2011 Act., and to jtate %4thethw pwlleJJ•f m•ttern have c¢xne lo my attentkn. B••l• of Ind•pMd•nt •xamln•rf• v•port examinatton w88 carriod OLrt in a)rd&n th• g¢n8f#l Olrgctions glven by thts Ch8dty Commission. An examinats'on Indude8 a of the accounting r•cord8 kapt by th8 chanty and COmpartn of the •ccounls presented wth those recordj. li 8180 indudes conslderalion of any unusual Items dl8do8ureB In the aecountl, and kIng o¥plan¥llon8 from you •s tru8t•88 conMINg any such matter8. The proceduros undertaken do not provide 1 the evidence that would b• requirèd In an audit and conBequentty no Wnlon Is glven as to whether th• accourrts w•Mnt a 'tw• and fair and th• r•pDrt 1$ IlmllrA lo thoje matters 681 out In the ntxl Bttstémant. Ind•p•nd•nt •x•mln•f• •lat•m•nt In conn•ctlon vhlh rny oxarnlnallon. no matter h88 come to my •ttentlon'. 111 vknich gives mo r•o8on8bl8 cause to bellev• that In any materfal r••yd tho roqulrem•nts.' lo k••p accoLtntlng records In accordance wlth 8ecUon 386 of the CoMnI•S Act 2006., and . lo prepare •ccounls thlch •G¢ud wlth tho accountlng records, comply the 8ceounUng r•qulremonls of 8OCtlon 398 of tho Componl•8 Acl 20ce And lh• mothods •nd of th• Stalemenl ol R•commond•d Practke.. Acwunb"ng and Roports'ng by Chants'es havo not baon met., or 12)to which, In my qinion, attentlon •hould b• (Iran In ¢yd•r to 9n8tt 8 proper under8tandlng of the accounlg to b• rno0kn1. Hough FCA Chgrtered Accountgnt E4knrd8 Kewng Llmfted Unty Chambers 34 Hlgh Ea* Strwt Dorchesler OorBOt DTI 1HA Oate.....
NORTH DORSET RAILWAY STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Uftr•strlcl•d R•strlcled funds funds Total 2024 Total 2023 Note In¢om8 and Endtrwm•rts fmm: Donations and legacies Other trading activ85 In¥tment income 38.422 83.511 2.166 12,148 50.570 83,511 2,166 43,445 81,184 1,152 Totsl income 124.099 136,247 125.791 Expendlture on: Raising tsJnd$ Charitat4e acti¥e5 {29,116} 68.881 129,118) 68.681 127,725) 85,862 Totsl expendrture 97.797 97.79 113587 Net income Gro$8 translerts bat4%n fundts 28.302 12.148 38.450 12,204 12.148 12.148 Net m¢)vemrt In lund8 38,450 38,450 12,204 R•conclll•tlon of fund• Tot81 fund8 brought forward Total lunds led foThv8rd 18 433.447 433,447 421,243 471.897 471.897 433.447 All of tho athvllles derlve from contlnuing operations during the abova trAti wrfod8. The fLnds breakd¢M for 202318 Sho in note 18.
NORTH DORSEf RAILWAY (REGISTRATION NUMBER: 1181851) BALANCE SHEEf AS AT 30 SEPTEMBER 2024 2024 2023 Not• Flx•d a•••ts Tanglble 88sets H•ritage assets 12 13 281.123 20.062 228,259 18,614 244,873 Curnnt ••••ts Stocks Doblors Cash at bank and In nd 14 15 16 14.018 8.759 149,954 172.729 13,891 8.910 187023 189,824 Cr•dltorn: Amounts hlllno du• wlthln on• y••r N•t currnnl •M•ts 17 170712 188574 N•1 •M•ts 471,897 433 447 Fund• of th• ¢h•rtty: Unrn•trlcl•d In¢om• lund• Unrethrted fvnd• 471 897 Totsl lund• 18 471,897 433,447 Thè fln8nd•lyatem•nt8 on page• 8 to 18 apwov•d by the tru•lw•. WKI 8ulhorts•d for bsu• on .ts.:.l.:.PoJ¥nd wgnod on thdr bohalf by.. Gavln Collln• Choimion
NORTH DORSET RAILWAY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEpfEM8ER 2024 1 Accountlng pollcl•• Statement of compllance The financial stslemenls have been prepared In acc¢Kdance wlth the 9econd edluon of the Charfles Sl8ternent of Recommended Prath'ce issued in October 2019, the Financial Reporting Stsndard appllcable In the United Klngdom and Republic of lrnlgnd IFRS 1021 and the Charibes Act 2011. 8a91¥ of pr•p•ratlon North Dorsel Raifvlay meets the definibon ol a public benefit ents.ty under FRS 102. The accounts {finandal stalementsl have been prepared under the historical cost convention items recognised at C08t or transactson value unles8 Otherwse stated In the relevant nolo(sl to thsYS¢ accounts. Golng concern The trustees consider Ihat there are no material uncertainties aboLrt the thantys abilty to continue as going ¢on¢em. Incom• and #ndowm•nts Voluntary income Includlng donatOon$. gffts, l898aes and grants that provide core funth.ng or are of general ngture is r•cognised vth8n tho chanty has entffjement to lh8 income, it 1$ probab thot thg income 11 be recelved and the amount can be measured sufflcient reliabiltty. Don•tlons andlegrtles Donations and lsg8oe$ 8re recogni on a r1¥4b18 ba$ recdpt 18 prob• and the amount Lxll be reliakAy measured. Grnnts re¢elv•bl• Gronl8 are reccgnlsed *fften the charty h88 an entrtlement to the fvnds and any cOndIonS linked to the grants have been met. Where perfomiance conditions arg attathgd to the grant and are yet lo be mel, the income is recogni8•d ai a liabilty and induded on the b818n&ry sheet a5 deferred income to be released. Gifts In Irind Gffts in kind are recognised in differenl vAya dependent on how they are used by the charit. 111 Th088 donated for resale producè Inrn• vthen they are 8c4d. They are valued ot the amount actually realised. lill Th0 donated for onward transmission lo beneficiaries are induded in the Ststemerrt of Finanaol Advlts'es a8 incoming reyources and resources expondsd vthen they 8re dithbuted. They are valued 81 the amount Ihe charity wDuld have had to pay lo acquirn them. liiil Those d¢Mated for use by the ch8nty ltseff are induded vknen receivable. They are valued at the amount the Charity wY)uld have had lo pay lo them. othortrndlng actfvllles Trading acmes com8 trom shop and cafe sales, In addltion lo oe¢asion81 income for carriage hire. Expondltur• All expenditu is recognised once there 18 a legal or ¢onstrucbve obligation to thtt e)endre, it 18 probable 8dUement is required and the amount un be mea8ur•d mllably. All co818 are allocated to the applicable expendlture heading that aggregate Similar costs lo th8t category. Where costs cannot be dlre¢dy attributed lo parts"¢ular headings they have been alloc8ted on a bosis consislenl wth the use of re80urc8$. ntral staff costs allocated on the ba¥1¥ of time Spent, and depred0 tharges all¢cattrd on the Fortion of the assevs Other support C06ts are 8llocaled based on the Spread of staff costs.
NORTH DORSET RAILWAY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED) Ralslng lunds These ore costs incurred In attr8Cting voluntsry IncxTh. the man&3ement ol Imie8tments and th06e Incuffed in trading activities that raiso funds. Chartt•bl• acdvltles ChaTitstAe expendOtt&re comprl•es those c08ts incuffod ty the chanty in the delivery of its athvrtles and services for its beneficiaries. It indudes both costs that can be amocated diredy to wch a¢tivthes and those costs of an indireGI nature necessary to support them. Governance COBI8 The8e indude the costs trlbulgblg to th8 ¢h8rW8 comptiance c¢n8ttiutiMal and ststulory requirement8. induding audit. strategic management and trustees meetings and reimbursed expenses. Taxatlon The charity Is considwed to pass the tests Bet oul in Pwagraph 1 SceduSe 6 of Ihe Finance Act 2010 and therefore rt meets the deflnrtion of a chaiitable company for UK corporation tax PUTpo3es. Accordir¢gty, the chanty is potents.alty exempt from toxatson in respert of income or c8psial gains rocwve(I thln categories cowered by Chapter 3 Part 11 of the Corporation T8x Act 2010 or Sects'on 256 of the Taxotion of Chargeable Gains Aci 1992, 10 th• extent that Suth income or wns are led exdusively to charitable purpos•s. T•nglble Ilxed •ets Indiwdual fixed assets co8tsng £11H).00 or more are inltiglly re[ded at C08t, la88 any sub60quent accumulated dèpret48tlon and SlseqU accthnulal&J ImpaIrml los. In accordance %Mth the SORP herltage 0$8ets lthith compris88 Rolling Stoc and Museum contents) ore valued vkntre It Is cost effective lo do so. Assets that are acquired by the ch8rity by way of purthase. donation or legacy are induded in the b818nce Sheet as a any assets for wthich a reliable valuation Is readlty av8ilable. Othw than one item of Rolling Slock Ivthich has been fulty depreuated), herrtage aBsets are Condared to have indefinite lives and are therefore noi depreaated. Oepr•clatlon and amorthatlon Freehold land is not deprnryabj Assot class Other tsngit4e assets Leasehold c08t8 and improvements As58ts und•r constructi Depreclatlon method and rate Between 3 and 20 years straight Ilne Over the perits of the lease Not depreciate(1 until the 883gt Is comp8 and in use Stock Stock Is valued 8t the Irrwar of cost and timated selling prfce1•sg COSt8 to COMte and sell. after due regard for obsol810 ond slow moving stocks. Cost is determlned using the fiT5t-In, (Irst-out {FIFOI.
NORTH DORSET RAILWAY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED) Tr•d• d•btov• Trade debtors are amounts duo from ¢uJtrynws for m•rchandtse 8¢ld or servK•8 p•rforni•d in tho ordlnory course of bu8lnes8. Tr8de debtors are recognlsed In6tl81ty èt the trans8ctOon lee. They are SUbsequenY Mead at amort18ed ¢081 uslng the effecrive InlereBI method. less provislon for lrnpaimient. A provision lor th• impalrment of trad• deblors 18 •Stobli$h•d then there Is oblectfve evidenc8 that the charlty not b• able lo coll•ct all 8mounts due accordlng lo the original tenn8 01 tho rocel¥abl8B. Cuh •nd ¢••h •qulvalènts C85h and cash fjquivalentj comwis• rA8h on hand and c411 doposllB, and olh•r Jhort-twm hlghly IUl0 inve8lmenl8 that are re8dlly Clverble lo • knowi Mnt of calh 8nd are jU.eL lo an insHJnificanl ri•k of changa In v•lLbO. Trnd• cr•dttorn Tr•de craditors ar• obllgaliMs to pay for good8 and sery1$ Ihgt have beon acquired In the ordlnary cournfj of bu6inesi from 8upF41erB. ACn{S payoble are dasslfled as cuffent 1labillt188 rf Iho tharfty $ not have an Uncondition right. •t th• end ol the reportlng poriod, to d•fr th¥ lI*M¥nI of the crnditor for al 198St I1ve months aft•f the roportlng dale. If Iher• l• an uncondltlonal right lo ¢J•f•r settlemonl for al le8Bt months oftor tho r•porfjng dal8, they 8r• pre80nl•d ag non-cuffont li•ts'litle8. Pund •tructuv• Unre$lrict•d Income lund8 are g•nero1 fund• that all•bI? for al th• trth•' In fiJrth•r•nce of the oble¢tiveB of tho tharity. 10-
NORTH DORSET RAILWAY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED) 2 Incom• from donatlom and lry•¢1o• Unre•trfctsd lund• Q•n•r•l R•Btrlct•d fund• Tolal 2024 Total 2023 Dwatims ond legado8'. Donations from indlvlduds L¢g8cie$ Glft ald recl•lmod Gront$, Inctudlng ¢gplt81 gront&'. Grants from other charitlgs R•gul•r glvlng and capital donations Value of donated 888ets 21,475 12,148 33,623 9.799 23.489 2.497 4.628 4,828 250 8,623 8.823 7.410 3 Incom• fmn oth•r lrndlng thltl Unr••trfctsd fvnd• G•n•rnl Total 2024 Totsl 2023 Tradlng Income.. Sale8 ol goods and •arvlc Ev•n18 Inc)mè". Other ev•nt• income C&rf8ge hlr Lott•d and comfftn• Incom• 78.385 78.385 74.395 2.S82 233 2.582 233 4.183 518 83,448 83.446 81.124 4 Inv••tm•nt Incom• UnrMtrf¢tsd fund• G•n•r•l Total 2024 Tot1 2023 Intorg81 rec8lvabl• 8nd slmilar incom•: Int•r8 rO1vable on bank dopo8tt8 2.166 2.188 1.152
NORTH DORSET RAILWAY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED) 6 Expendlturn on Ml•lng fund• al Costs of g•nerallng donatlofig and l•g•cl•# Unrestrlcted funds G•n•ral Total 2024 Totsl 2023 100 Club prizes Grant support costs 1,018 785 1.018 765 976 1.783 1,783 976 bl Cosi¥ of tradlng actlvttle• UnrMtrlcl•d fund¥ G•n•ral Totsl 2024 Total 2023 Costs of goods sdd Event costs 26,951 382 26.951 382 26,102 647 27,333 27.333 26,749 Unr••trlcl funds G•n•r•l Total 2024 Totsl 2023 Total 29,118 29,116 27,725 12-
NORTH DORSET RAILWAY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUEDJ 6 ExpondltuY• on ch•rltsblo •ctlvftlo¥ Unr•tytrl¢t•d fund• Genernl Total 2024 Totsl 2023 R•stor•tlon •nd upk••p of rnIhy InfrnstMctur•. rolllng to¢k Ind tatlon Rates ght, heat and ?0r [rTance Waste disposal Repairs and maintenance Equipment repairs and ren¥w81s Rolling stock delivery. hire 8nd storag Telephone and fax Computer SoTe and mgintenante costs Printing. postagè and stationery Trade subscriptions Sundry expense8 Vehide expen8e8 Parknng tharge$ Travel and substence Advertising Consullancy Bank charges Training Depreci8tion of long le8sehold property Depreciation of plant and rnachlnery Loss on disposal of tangible fixed assets Independent ¥xamins fee Legal and profession fees 3.989 11.321 7.847 583 18.300 3.969 11,321 7.847 583 16,300 4.280 9,309 5,6r 31,716 9TT 4,200 287 607 2,8C6 295 351 1,959 3,450 363 818 3.186 3.450 363 818 3.186 329 3,625 1.125 21 80 1,483 1,130 2,562 32 8,855 329 3.625 1,125 21 80 1.483 1.130 2,582 32 8,655 65 2.717 2.355 928 41 8.854 750 1.238 8,177 85.862 1.300 46 1,300 68 681
NORTH DORSET RAILWAY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED) 7 An4118 of gov•m•nc• and •upport ca•ts Go¥•m•nc• colts Unr••trlct•d fund• G•n•r•l Total 2024 Tot•1 2023 Indopondenl •x8mlner le88 Examlnalion ol the finindal
lalements
10 1,300 1.300 1.238 833 833 N•t Incomlngl•u¢golng r••ourc In¢4mlng r•wr1 for the yaar Indud•: 2024 2023 LO on dl8poul d tlnglblg trIX a89•ts DKy•doD of flx•d a888ts 750 9 Tfu•t•M r•mun•rntlon nd •xp•na•A No tru•toeJ. nor any per80ns conne•d wlth them. h•ve rec•lv•d Jny r•mun•radon from the chadty durtng the yur. Trusteeg w•re rnlmburg•d only for fft•m• on boh4W of th• charity. 10 Ind•p•nd•nt •x•mln•rf• rnmun•r•tlon 2024 2023 Examlnallon of tho fin¢6•1$1&10mI$ 11 Taxitlon The L4rity i¥ a rogl•terad tharlty and li thrfor• exempl Irom taxauon. 14-
NORTH DORSEf RAILWAY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED) 11 Tanglbh flx•(l u••l• TrackwovK plant and •qulpm•nt Land and bulldlng• A•••ts und•r c¢)nstrn¢tlon Tot•1 At 1 Octob8r 2023 Addttion8 115,000 5,145 139,139 4.259 254,139 83,551 54.147 At 30 September 2024 120.145 143,398 54,147 317,690 D•prncl•llon At 1 Octobor 2023 Charge forthe year 27.880 8.655 27,880 8.887 32 At 30 S•ptamtw 2024 32 38.538 36.587 N•1 book ¥ilu• At 30 Sopt•mbor 2024 At 30 Sepl¥mter 2023 120 113 281 123 115.000 111.259 Induded bthln the net book value of land and bulldings obovo 16 £115.00012023- £115,000} In respect of fr••hokl land and bulldlngj and £5.11312023- £NIII In of IhOld0. 13 H•rlthg• u••ts Mu••um Cont•nts Rolllng 81ock Total Co•t AI 1 OGlober 2023 AddOnI 17,197 1,786 18,983 At 30 September 2024 D•prncl•tlon At 1 October 2023 369 369 At 30 September 2024 369 389 N•t brk valu• At 30 September 2024 Summ•ry of tr•n••ctlon• H•rtt•ge ••••ts not r•cognls•d In th• b•l*n¢• ¥h••t In additt'on lo Ihe herftage a55els induded in the B8lanc¢ Sheet, the charity owns four Items of rc41ing
tock thef• a valu• w8$ not deteined at acqui8rtlon. The TnJ8lee6 08tim8le tho value ol th88e itemB
88 £18.000 and theje ttoms c¢ntlnue to bg exdudfjd frryn tho Balance Sheet.
NORTH DORSET RAILWAY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED) 14 Stock 2024 2023 16 htorn 2024 2023 VAT recoverable Other debtors 4,146 4,613 8.759 473 8.910 18 Ca¥h •nd cash •qulval8nts 2024 2023 Ca8h on nd Cash at bAnk 340 149.614 340 166,683 149.954 167.023 17 Crndltoy•: amounts f•lllng duo wlthln on• y••r 2024 2023 Trade creditors 717 1,300 1,2SO 1,250
NORTH DORSEf RAILWAY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUED) 18 Funds B•I•D at 30 S•ptsmber 2024 Balance at 1 Octob•r 2023 Incomlng R•sourc r•souTCM •xp•nded Tr•ngfern G•ner•l Unre8trtcted Fund8 413,174 124,099 197,7971 12.148 451,824 D•slgn•t•d RweNe Fund 20,273 433,447 124,099 197.79n 12.148 471,897 Restrfcted Northem Extension 12.148 12.148 Total lund• 433,447 136,247 97.797 471,897 8•14nce at 30 S•ptsmb•r 2023 Balanco at 1 October 2022 IncoTnlng A•8ourc•s rn8ourcH Xnd•d TranBfer4 Vnrwtrlctod funds Genernl UnTastriLlgd Fund8 421,243 125,518 1113.58n (20.000) 413.174 D¢slgnat•d Re8erye Fund 273 20.000 20,273 Tol#l lund• 421.243 125.791 113.58 The transfer bet%en restn.cted funds and unresthded funds in 2023124 relates to the •>widTiure (ln xed assets) on Ihe Northem Exten8iM In the year wttkh exceeded the restri•d donations rewved. 17.
NORTH DORSET RAILWAY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 (CONTINUEO) 19 An•ly41• of n•t aM•ts b•t*Y•n fund• UnM•trl¢tsd Totsl fund• It fund• 30 Septemb•r Genernl 2024 Tangible fixèd 88sat6 Heritage aSS Gurront A88ets Cuffent Ilabl188 281,123 20,062 172,729 281,123 20, 172,729 Totol net as••t• 471,897 471 897 Unr••trt¢t•d fund• G•n•r•l Totsl fvnd• •t 30 S•ptsmb•r 2023 T•nglbl• Ilxed •¥J•ts Hedlage a5ts Current 888ets Cuffent Ilabil 228.259 18,814 189,824 1.250 228,259 18,814 189,824 1.250 Total a•8èt• 433.447 433 447 20 R•l•t•d p•rty tr•nMctlon• Th•r• w•ro no r•lat•d pArty In th• •1.