2022-12-31-accounts - East Lancashire Light Railway Company Limited

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Reference and Administrative Details
Trustees Report	2to 8
Independent Auditors' Report	9to 12
Consolidated Statement ofFinancialActivities	13to 14
Consolidated Balance Sheet	15
Balance Sheet	16
Consolidated Statement ofCash Flows	17
Notes to the Financial Statements	18to 38

Chairman				M W Kelly
Trustees				M W Kelly
				R G Chapman
				CRLaw
				0S Layland
				SMLea
				A Lee
				C Phillips
				G S Thornton
				KA Whitmore
Charity Registration		Number		1166648
Company	Registration		Number	2023981
				The charity is incorporated		in England	and Wales.
Registered	Office			Bolton Street Station
				Bury
				Lancashire
				BL9OEY
Auditor				Horsfield lk Smith
				Tower House
				269Walmersley	Road
				Bury
				Lancashire
				BL96NX

		Unrestricted	funds	Restricted	Total
		Designated	General	funds	2022
	Note	E			E
Income and Endowments	from:
Donations and legacies			353,846	7,577	361,423
Charitable activities	4		46,369		46,369
Investment income	5		805		805
Other income	6		4,721,666		4,721,666
Total Income			5,122,686	7,577	5,130,263
Expenditure on:
Raising funds			(4,365,222)		(4,365,222)
Charitable activities			(750,584)	(14,592)	(765,176)
Other expenditure			(115,363)		(115,363)
Total Expenditure			(5,231,169)	(14,592)	(5,245,761)
Net expenditure			(108,483)	(7,015)	(115,498)
Net movement in funds			(108,483)	(7,015)	(115,498)
Reconciliation offunds
Total funds brought
forward		150,000	1,189,314	180,191	1,519,505
Total funds carried forward	24	150,000	1,080,831	173,176	1,404,007

STATEMENT OF TOT	AL REC	OGNISED GAINS	AND LOSS	ES)
		Unrestricted	funds	Restricted	Total
	Note	Designated f	General f	funds f	2021 f
Income and Endowments	from:
Donations and legacies			951,163	5,454	956,617
Charitable activities	4		11,600		11,600
Investment income	5		16		16
Otherincome	6		3,604,350		3,604,350
Total Income			4,567,129	5,454	4,572,583
Expenditure on:
Raising funds			(2,785,535)		(2,785,535)
Charitable activities			(1,076,820)	(14,592)	(1,091,412)
Other expenditure			(141,610)		(141,610)
Total Expenditure			(4,003,965)	(14,592)	(4,018,557)
Net income/(expenditure)			563,164	(9,138)	554,026
Transfers between funds		150,000	(150,000)
Net movement in funds		150,000	413,164	(9,138)	554,026
Reconciliation offunds
Total funds brought
forward			776,151	189,329	965,480
Total funds carried forward	24	150,000	1,189,315	180,191	1,519,506

AS AT31DEC	E	MBER 2022
				2022	2021
			Note	6	f
Fixed assets
Tangible assets			15	4,832,027	4,763,860
Current assets
Stocks			17	130,239	132,024
Debtors			18	306,875	271,686
Cash at bank and in		hand	19	781,406	1,135,357
				1,218,520	1,539,067
Creditors: Amounts		falling due within one year	20	(1,086,072)	(1,067,953)
Net current assets				132,448	471,114
Total assets less current liabilities				4,964,475	5,234,974
Creditors: Amounts		falling due after more than one year	21	(3,100,468)	(3,255,468)
Provisions			22	(460,000)	(460,000)
Net assets				1,404,007	1,519,506
Funds ofthe group:
Restricted income	funds
Restricted funds				173,176	180,191
Unrestricted income		funds
Designated Funds				150,000	150,000
General Funds				1,080,831	1,189,315
Total unrestricted	funds			1,230,831	1,339,315
Total funds			24	1,404,007	1,519,506

AS AT31DEC	E	MBER 2022
				2022	2021
			Note	6
Fixed assets
Tangible assets			15	4,682,186	4,719,343
Investments				1	1
				4,682,187	4,719,344
Current assets
Debtors			18	88,732	77,955
Cash at bank and in		hand	19	367,084	802,333
				455,816	880,288
Creditors: Amounts		falling due within one year	20	(303,601)	(359,048)
Net current assets				152,215	521,240
Total assets less current liabilities				4,834,402	5,240,584
Creditors: Amounts		falling due after more than one year	21	(3100 468)	(3255468)
Provisions			22	(460,000)	(460,000)
Net assets				1,273,934	1,525,116
Funds ofthe charity:
Restricted income	funds
Restricted funds				173,176	180,191
Unrestricted income		funds
Designated Funds				150,000	150,000
General Funds				950,758	1,194,925
Total unrestricted	funds			1,100,758	1,344,925
Total funds			24	1,273,934	1,525,116

CONSOLIDATED STATEMENT OF CASH FLO FOR THE YEAR ENDED 31DECEMBER 2022	WS
		2022	2021
	Note	f	6
Cash flows from operating activities
Net cash (expenditure)/income		(115,498)	554,026
Adjustments to cash flows from non-cash items
Depreciation	15	233,630	220,809
Investment income		(805)	(16)
(Profit)/loss on disposal oftangible fixed assets		(42)	1,703
		117,285	776,522
Working capital adjustments
Decrease/(increase) in stocks	17	1,785	(32,302)
(Increase)/decrease in debtors	18	(35,189)	342,271
Increase/(decrease) in creditors	20,21	2,047	(41,016)
Increase in provisions	22		460,000
Decrease in deferred income	21	(58,475)	(283,589)
Net cash flows from operating activities		27,453	1,221,886
Cash flows from investing activities
Interest receivable and similar income		805	16
Purchase oftangible fixed assets	15	(301,797)	(72,282)
Sale oftangible fixed assets		41	585
Net cash flows from investing activities		(300,951)	(71,681)
Cash flows from financing activities
Repayment ofloans and borrowings	20,21	(80,453)	(264,953)
Net (decrease)/increase in cash and cash equivalents		(353,951)	885,252
Cash and cash equivalents at 1January		1,135,357	250,105
Cash and cash equivalents at 31December		781,406	1,135,357

Asset class		Depreciation method		and rate
Museum		20to 50years straight		line
Infrastructure	and buildings	20to 50years straight		line
Office fixtures	and equipment	5to10years straight	line
Rolling Stock		10to 50years straight		line
Plant and machinery		10to 50years straight		line

				Unrestricted
				funds	Restricted	Total	Total
				General	funds	2022	2021
				f	f	E'
Donations and		legacies;
	Donations from companies,
	trusts and similar proceeds			628	7,577	8,205	13,545
	Donations from individuals			108,264		108,264	96,384
	Legacies			6,000		6,000	66,483
Grants, including capital grants;
	Government	grants		238,954		238,954	780,205
				353,846	7,577	361,423	956,617
4	Income from charitable		activities
					Unrestricted
					funds	Total	Total
					General	2022	2021
						f	6
	Education				46,369	46,369	11,600
5	Investment	income
					Unrestricted
					funds	Total	Total
					General f	2022f	2021
Interest receivable and similar income;
	Interest receivable on bank deposits				805	805	16

		Unrestricted
		funds	Total	Total
		General	2022	2021
		E	E	E
Pub sales		841,611	841,611	473,224
Refreshments	and catering	1,235,432	1,235,432	758,144
Shops and stalls		63,898	63,898	68,831
Fares and charters		1,198,052	1,198,052	844,956
Santa events		1,099,777	1,099,777	968,926
Footplate experience		7,033	7,033	1,117
Other rolling stock income		125,400	125,400	50,749
Miscellaneous	income	92,550	92,550	126,239
Hire oflocomotives		14,700	14,700	600
Other income				100,000
Rental income		43,213	43,213	29,233
Furlough income				182,331
		4,721,666	4,721,666	3,604,350

				Unrestricted
				funds	Total		Total
				General	2022		2021
			Note	E	E		E
Wages - generating	funds			58,994	58,994		45,427
Computer software	and maintenance	costs		111		111	3,423
Printing, postage and stationery				153		153	1,116
Trade subscriptions				3,579	3,579		2,582
				62,837	62,837		52,548

				Unrestricted
				funds	Total	Total
				General	2022	2021
				E	6	E
Opening stock				132,024	132,024	99,722
Materials				387,122	387,122	192,711
Pub purchases				413,902	413,902	231,405
Refreshments and catering				496,800	496,800	325,925
Shops and stalls				46,747	46,747	38,537
Special events				471,615	471,615	213,160
Closing stock				(130,238)	(130,238)	(132,024)
Wages and salaries				1,005,147	1,005,147	828,157
Commissions payable				143,997	143,997	80,310
Miscellaneous direct costs						8,664
Line operating charges				210,416	210,416	214,678
Rent and rates				35,587	35,587	50,512
Light, heat and power				139,639	139,639	93,746
Repairs and maintenance				331,920	331,920	187,888
Insurance				22,690	22,690
Telephone and fax				13,608	13,608	14,075
Computer software and maintenance			costs	90,247	90,247	36,339
Printing, postage and stationery				14,134	14,134	9,152
Courier services				35,912	35,912	3,233
Trade subscriptions				8,263	8,263	7,438
Equipment hire				11,496	11,496	14,907
Lease ofmotor vehicles (Operating		leases)		3,208	3,208	2,021
Sundry expenses				8,946	8,946	3,523
Laundry and cleaning				68,461	68,461	34,016
Health and saftey				50,163	50,163	24,929
Travel and subsistence				36,065	36,065	17,871
Promotional expenses				139,291	139,291	86,799
Legal and professional	fees			72,804	72,804	11,622
Bad debts written off				9,229	9,229	20,991
Bank charges				33,190	33,190	12,680
				4,302,385	4,302,385	2,732,987

			Unrestricted
			funds	Restricted	Total	Total
			General	funds	2022	2021
		Note	6		E	6
Education			7,720		7,720
Restoration	and
repair			478,291		478,291	712,440
Depreciation,
amortisation	and
other similar	costs		218,996	14,592	233,588	219,105
Staffcosts			32,383		32,383	141,933
Governance	costs	10	13,194		13,194	17,934
			750,584	14,592	765,176	1,091,412

9 Other	expenditure
					Unrestricted
					funds	Total	Total
					General	2022	2021
				Note		E	6
Ground rent Castlecroft					104	104
Insurance					79,794	79,794	62,414
Security costs					3,557	3,557	49,652
Sundry expenses					1,522	1,522
Promotion	and marketing		BTM		4,185	4,185
Legal and	professional	fees			8,989	8,989	5,945
Bank charges							4,257
Bank interest payable					394	394	253
Bank loan	interest payable				16,818	16,818	19,089
					115,363	115,363	141,610

Governance costs
		Unrestricted
		funds	Total	Total
		General	2022	2021
		6	6	f
Audit fees
Audit ofthe financial statements		10,344	10,344	11,130
Other fees paid to auditors		2,850	2,850	6,804
		13,194	13,194	17,934
11Net incoming/outgoing	resources
Net outgoing resources for	the year include:
			2022	2021
			6	6
Audit fees			10,344	11,130
(Profit)/loss on disposal oftangible fixed assets			(42)	1,703
Depreciation offixed assets			233,630	220,808
12Staffcosts
The aggregate payroll costs	were as follows:
			2022	2021
			6	6
Staffcosts during the year	were:
Wages and salaries			1,417,682	1,156,892
Social security costs			110,671	88,601
Pension costs			24,504	22,464
Other staff costs			416
			1,553,273	1,267,957

employed by	the group during the	year expressed as full time equivalents	was a	s follow	s:
			2022		2021
			No		No
Administration	and support			64		58
No employee	received emoluments	ofmore than f60,000during the year.

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Subsidiary
undertakings	Total
E	E

ofshare capital are as f	ollows:
	Country of		Proportion ofvoting	Principal
Undertaking	incorporation	Holding	rights and shares held	activity
			2022 2021
Subsidiary undertakings
East Lancashire Railway Limited	England	Ordinary E1	1003S 100'Yo	light railway operator

17Stock
		Group		Charity
		2022 f	2021 f	2022f
Stocks		130,239	132,024
18Debtors
	Group		Charity
	2022	2021	2022	2021
	f	f	f
Trade debtors	81,265	112,028
Prepayments	63,402	37,270	47,733	33,202
Other debtors	162,208	122,388	40,999	44,753
	306,875	271,686	88,732	77,955
19Cash and cash equivalents
	Group		Charity
	2022	2021	2022	2021
	6	6	6	6
Cash on hand	1,852	5,902
Cash at bank	779,554	1,129,455	367,084	802,333
	781,406	1,135,357	367,084	802,333
20Creditors: amounts	falling due within one year
	Group		Charity
	2022	2021	2022	2021
	6	6	6	6
Trade creditors	383,203	444,521
Otherloans	81,001	81,454	80,000	80,000
Due to group undertakings			189,071	265,131
Other taxation and social
security	5,302	3,202	5,301	3,202
Other creditors	19,797	4,541	19,597	3,741
Accruals	245,176	199,167	9,632	6,974
Deferred income	351,593	335,068
	1,086,072	1,067,953	303,601	359,048

Group
					Total funds at
		Unrestricted	funds	Restricted	31December
		General	Designated	funds	2022
		E	E	E	E
Tangible	fixed assets	4,671,882		160,145	4,832,027
Current	assets	1,055,488	150,000	13,032	1,218,520
Current	liabilities	(1,086,072)			(1,086,072)
Creditors over 1year		(3,100,468)			(3,100,468)
Provisions		(460,000)			(460,000)
Total net assets		1,080,830	150,000	173,177	1,404,007
					Total funds at
		Unrestricted	funds	Restricted	31December
		General	Designated	funds	2021
		E		E	E
Tangible	fixed assets	4,589,123		174,737	4,763,860
Current	assets	1,383,615	150,000	5,452	1,539,067
Current	liabilities	(1,067,953)			(1,067,953)
Creditors	over 1year	(3,255,468)			(3,255,468)
Provisions		(460,000)			(480,000)
Total net assets		1,189,317	150,000	180,189	1,519,506

Charity
					Total funds at
		Unrestricted	funds	Restricted	31December
		General	Designated	funds	2022
		E		E	E
Tangible	fixed assets	4,522,041		160,145	4,682,186
Fixed asset investments		1			1
Current	assets	292,784	150,000	13,032	455,816
Current	liabilities	(303,601)			(303,601)
Creditors	over 1year	(3,100,468)			(3,100,468)
Provisions		(460,000)			(460,000)
Total net assets		950,757	150,000	173,177	1,273,934

FOR T	HE YEAR ENDED	31DECEMBER 202	2
					Total funds at
		Unrestricted	funds	Restricted	31December
		General	Designated	funds	2021
		6	6	6
Tangible	fixed assets	4,544,606		174,737	4,719,343
Fixed asset investments		1			1
Current	assets	724,836	150,000	5,452	880,288
Current	liabilities	(359,048)			(359,048)
Creditors	over 1year	(3,255,468)			(3,255,468)
Provisions		(460,000)			(460,000)
Total net assets		1,194,927	150,000	180,189	1,525,116

Group
		At 31
	At1January	December
	2022	2022
	6	6
Cash at bank and in hand	1,135,357	1,135,357
Net debt	1,135,357	1,135,357
		At31
	At 1January	December
	2021	2021
	f
Cash at bank and in hand	250,105	250,105
Net debt	250,105	250,105