ReK15tered number.. Charlty number: 11773904 1190609 HAILWh EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA company Ilmlted by guarantee) CONTENTS Releren¢e and admlnlstratlve det411$ of the ¢ompany, Its Trustees and adser$ Trustees, report 2-10 Independent examlner's report li Statement of flnand•l •rtlvities 12 lano $he¢t 13 Notss to the flnandal ststements 1&22
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA Company limited by guarantee) REFERÉNCE ANDADMINisfRATNE DETAILS OFThE COMPANY, rrsTRUSTEES ANDADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 lan Aspey Chalr Apwnted Resigned fteappnted 16 May 2023 17 July 2023 27 JU 2023 Davld Wrlght Gerald Atherton Keith Shllton John Tate Peter Colpman Nigel Bames Donald Vause Mark Rosebury Richard Sykes Joanne Crompton Uam Bames Margaret Wllson LeeAndrew Davies W4¢e Chair Vice Chair Assistsnt Secretsry Membershlp Seue Assets Director Reslgrted Res*ned Reslgned Resi8ned Resi8ned Appointed Reslgned 02 March 2023 12 Aprll 2023 12 April 2023 18 May 2023 02 June 2023 12 Aprll 2023 28 June 2023 Company re8lstered number 11773904 Charlty re8lst¥ed nwnber 1190609 ReBlsler¢d offlce 33 Croft Meadow Bamber BrldBe Preston PR5 8HX Keith Shllton Independent Examlner Janet Barton AATQB
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIEfY LIMITED IA company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 OECEMBER 2023 The TTU5tees present thelr annual report tO8etherwlth the flnanclal statement$of ihe Company for the year l January 2023 to 31 December 2023. The annual report serves the purposes of both a Trustees, report and dlrectors, report under ¢ompany law. The Trustees confirm that the annual reptsrt and financial statements of the charitable ¢ompany¢omply with the current statutory requlrements, the requlrements of the charltable company's governlng document and the provlslons of the Statement of Recommended Practke1SORPI appllcable to charltles preparfng thelr accounts In accordance wlth the Flnancial Reportln8 Standard applkable In the UK and Republlc of Ireland IFRSIOZI leffectlve l January 20191, Slnce the companyquallfles as small under sectlon 382 ofthe Companles Att 2006, the 5trate8lc report requlred of medlum and lar8e companle5 under the Companles Act 2006 IStrate8lc Report and Dlrectors, Report) Re8ulatlons 2013 has been omltted. Struclur•. Gry•rn•nu 4nd Manai•m•nt Govern1 DotrJffl•ni The or8anlsatlon Is a charltable company Ilmlted by 8uarantee, Incorporated In january 2019, and Teglstered as a charlty In Juty 2020. The company was e5tab115hed under a Memorandum and Artlcles of A550clatlon whlch e5tab115hed the objects and powers of the charllable company. In the evenl of the company beln8 wound up, members are requlred to contrlbute an amount not e¥ceedln8 £1, R•crultm•nt Ind Appolntm•nls to th• Bo•rd of Dlr•rtorn •nd Truste•s All Dlrectorsare alsoTmstees of the charlty for the purpose of charlty law and under the requlrements of the companVs Artkles of A550clatlon. Under those requlrements, any dlrector Is appolnted for a perlod of three years after whlch they must be re-elerted at the nextAnnual General Meetln8. All Dlrectorsnlustees glve thelr tlme voluntarlly and recelve no beneffts from the charV. Any expenses clalmed from the Charlty. must be supported by approprlate recelpts and have been pre4pproved •$ a le8ltlmate expense under the flnanclal management of the charlty. Rlsk Mana8•m•nl The Board has Conducted a revlew of the malor rlsks to whl¢h the charlty Is exposed and establlshed pollcles and procedures to mlnlmlse any adverse rlsk. Thls covers both data and flnandal rlsks. Rlsks and mltlgatln8 artlons are kept under constant revlew and updated as appioprlate. Ory•nlsatlon Stru¢tur• The buslness ofthe charlty Is admlnlstered by the 8oard who meet on a regular basls, normally monthly. Certaln members of the Board have spetlfit responslbllltles based on thelr eXperIen and professlonal backgrounds. The Board has appolnted an'Executlve' whlch consists of the Chalr, two Vlce-chairs and a Secretary to carry out the work of the charlty where the full 8o•rd Is unable to operate due to tlmlng or other reasons. Relat4d Partles The charlty has no relatsd p8rtles In 8 corporate legal sense but Is Ilnked In Its charftable alms wlth the operatln8 Company of the EW the East Lancashlre U8ht Rallway Company Llmlted IELLRCol.
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA company limlted by 8uaranteel TRUSTEES. REPORT {CONTINUEOI FOR THE YEAR ENDED 31 DECEMBER 2023 Our Alms•nd ObJ¢rtfves Purpos45 nd Alms Our charlty's purposes as set out In the Objects clause In the compan¢$ Artlcles of Assodatlon are to.. advance educatlon for the benefit of the publ1¢ In the hlstory, herltage constru¢tlon, englneerlng and operatlon of the East Lancashlre Rallway In su¢h way5 and by such ffleans as the trustee5 shall detemilne and by supportln8 the charltable work of the East Lan¢ashlre U8ht Rallway Company Umlted Ireglstered charlty number 11866481. The alms of our chèrlty are: to preserve the whole or part of the¢x.Brft15h Rallwtys branch Ilne between Rawlenstsll and Castleton lunctlon through Bury togetherwlth Its connectlon to the Natlonal Rall network,, to operate. restore. malntaln and Improve locomotlves. rollln8 StocK Infrastructure and all other oblertlves of the sald rallwayj to encoura8e volunteer actlvlty In the furtherance of Its •lms. EMuvlN ourwork ddlv•rsourlmi We revlew our alms. oblectlves and actlvltles each year. Th15 revlew looks at what we have achleved and the outwme5 of ourwork In the prevlous twelve months. The revlew also helps us ensure our alm, oblectlves and actbvltles remaln focused on ourstated purposes. We have referred to the guldance provlded by the Charlty Comm1551on when revlewln8 our alms and oble¢tlves and In plannln8 our fvture actlvltle5. In partlcular, the tru5tee5 conslder how planned a¢tlvltles wlll ¢ontrlbute to the olms and oblectlves they have set. Thè f¢xw ol ¢Mr work Our maln oblectlve5 for the yearwere to support the East LanshIrt Ll8ht Rallway Company Llmlted IELLRCol through volunteer recultment and fundln8.
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA Company Ilmited by guarantee) TRUSTEES, REPORT {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Chalrs R4Ptsrt I thlnk It ts falr to say that 2023 has been yet another year of change at the East Lancashlre Rallway PreseNatlon Soclety Llmlted. I was elerted to the 8oard of Dlreciors In May 2023 shortly belore the 2023 AGM and subsequentty as Chair of the Soclety prlor to the reconvened 2023 AGM, but drcumstances and, as It turned out, unfounded oblectlon$ to the appolntmenr led to me formally tskln8 the post In Juty. The tslloutfrom the resl8natlon of the forffler Flnance Olrector clouded the efficlent functlon of the Board and In someways, contlnues to do $0. Challen8e5 have been encountered In the productlon and subsequent dlstrlbutlon of the Soclety Ma8azlne but, thanks to the work of my fewow Board members we can now see118ht at the end of the tunnel In thls matter. As mentloned by my predecessor. new technolo8les are now In place w5th regards to the membershlp mana8ement and. f8r. Ihese have been welcomed by the malorlty of Members who have renewed thelr Membershlp durln8 thls latest cycle. As a Board, we are ¢ontlnulng to rebulld our relatlonshlp wlth the East Lancashlre Rallway Co. whl¢h had become somewhat challen8ed In the recent years. Wlth soodwlll on both 51de5 the healln8 proces5 ha5 Started and contlnue5. Th15 year, 2023, the Soclety has made sl8nlfl¢ant nnanclal contrlbutlons to several projects wlthln the rallway envlronmentand has further pledged a very slgnlflcant fvnd to a lar8e on8oln8 prolect. The ELLRCO have now removed the obll8atlon of Volunteers at thelr Rallway to be members of our 5oclety. Stron8 oblertlons to thls move were made by the ELRPS Board but, ultlmatety, the declslon rests wlth the ELLRCO and we have to accept th15 move and are tryln& as bes1 we un. to xcommodatethls move, Thanks lo the Members of the Soclety It contlnues to be able to support object15 In supportln8 the preservatlon of the East Lanca5hlTe Rallwav. l $ln¢erety hope that we, the Soclety* 80 from stren8th to strenith In ensurln8 the contlnued operatlon of the East Lancashlre Rallway. Ion Asp•y Ch•lr
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIEfY LIMITED IA company limited byguarantee TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 310ECEMBER 2023 Memhrshlp Report The active membership at 31" December 2023 stood at 3.205 lofwhlch 773 are Ibfe fflembersl. The society has seèn a sll8ht Increase In membershlp¢Ompad to 2022 lsee tables below). Change5 to classes of membershlpwere agreed at the 2023 AGM. a5 a result of which new membership slnce May 2023 now been slmpllfied and reduced from 11 categorles to S In¢ludin8 thè rèmoval of all newAssotiate membership5also new Life Memberships whlch had shown a decrease of 70% in 2022. Current ¢lauesof member5hlp slnc• May 2023 Young persons Full Membershlp Full Membership Senior Membershlp Senior Membershlp (under 181 118-661 118-661 166+1 l yearonly £13.00 l year £28.00 3 years £75.00 l year £22.LN) 3 year £60.00 Note Family and assoclate members were transferred to full member5hlp status for the remalnder of their mernber5hlp as these da55ificatlon5 are no longer avallable. ELRPS Membershi 2023 Totsl Meml*rs 31st l>ewnber 2023= 3205 In¢ludes 4 adrnln aounts ARe Graups L• aVW2023 YcuthO-18 Full 18- 66 Senlor 66+ Farni & Assoclate Ufe In¢ludln honorn Pald Tot•1 2022 43 37 795 1559 1702 86 745 773 41 3205
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIEfY LIMITED IA Company Ilmited by guarantee) TRusfEES' REPORT ICONTINUEDI FOR ThE YEAR ENDED 31 DECEMBER 2023 Membershlp Report Icontl New Members durin 2023 = 368 Grou 2023 19 191 130 2022 14 222 198 io 22 Seniors 66+ Famlly & Associate Life Total 28 Llld Meml*TS 2022 320 347 Peter Colpman MembershSp Sé¢retsry
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA company Ilmlteil by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED ai DECEMBER 2023 VolunleerfnB R•port 2023 has been a successful year.There were 240 total enqulrles for the ye3r. Thls Is a large Increase over 2022 and Is due In the maln. to elghty dlrert enqulrles comlngfrom the East Lancèshlre Llght Rallway Co. webslte. One hundred and el8hty one referrals were made through to dbfferent departments from one hundred and fifty seven people. The monthty phaslng and breakdown of appllcatlons to departments are shown InTable 2023 Enqulrle5. Totsts are compared wlth 2022. One hundred and ten of the 240, dld not respond to emall or telephone calls, declded not to volunteer. were under the a8e of slxteen, or were not suitsble for the only role they would ¢onslder, Vatlous enqulrtes recelved, were forwork experlence. whlch were passed on to ELLR Co., companles wlshln8 to volunteerfor one or two days only. these were also passed to ELLA Co. a5 they were spedfic requests. Varlous requests were recekved from Health Care professlonals wlshln8 to place rehabllltatlon patlent5 at the Rallway. These Tequlred 5pecinc needs whlch the Health Care profe10n3 experte(J the Rallway to provlde. Another enqulry was from Probatlon Servlces. The Members Tours recommenced In Morch 2023. Flve tours were booked by thlrty el8ht potentlal volunteers. Four were exlstln8 worklng members. nlne attendees dld not wlsh to volunteer, a further nlne dld nol respond to Hovs, seven falled to attend desplte confirmln8 thelr attendance. Fourteen were converted to workln8 members. Two tourswere cancelled due to Illness, The tour leader has subsequently resl8ned due to111 health, Our thanks to hlm and the othertour8uldes are recorded here. as wlthout them the tours could not pro8ress. After postln8 an advertfor Tour Leader, and followlng due pro¢es$ and Intèrvlèw. a nèw Tour Leader was appolnt•d. After agreement between the East Lancashlre Rallway Preservatlon Soclety and the East Laneashlre Ll8ht Rallway Company the Workln8 Members Tours are to be opened up as Volunteer AecrultmentTours. At present these wlll stlll be booked and Ilmlted to elght persons pertour. Thls wlll be revlewed throu8h 2024 and adjusted as necessary. Booklngwlll be e5senllal, and can be 3cce$sed vla both Companywebsltes. Thls Is work In progress but should be completed and In place for the flrst planned tour on the Rallw8y openln8 to passenger serylos In March 2024.
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA company limited by guaranteel TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMB£R 2023 Voluntserln8 Report {contl C&W3fAI CMI Fl Std4 Margaretj. Wllson Volunteer Llalson Officer
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIEfY LIMITED IA company limited by Buaranteel TrUSTEES' REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OECEMBER 2023 Rnan¢lal The a¢¢ounts for the year ended 3tst December2023 are Induded wlth thls repgrL The key areas are hl8hll8hted wlthln the accounts, however. to sumfflar15e: The Soclety has dellvered a surplus of £54,41712022 £32,596) Glft Ald has dellvered £12,38812022 £13.8761 Membefshlp Income was £70.6921202Z £33A131 The Charlty made ptyments in furtherance of Its objectlves of £44.61912022 £27.2S81 Spendln8 on membershlp admln and sodety admln has Increased a8alnst the prevlousyear due to In¢ased prlntln8 and other costs, costs Include a substantlal repalr to the roof of the Soclety bulldln8 whlch bs used by both the Soclety and the the ELLRCO. There has been a contrlbutlon to the Operat1 ami of the rallway (East Lanushlre Wt Rallwaycompany Umltedl In the year. As at 31 December 2023 totsl reseprtswefe £IIZ.125 of whlth the free reserves (after deduttln8 filed assets) We £112.095. Cash In the bank was £205.018, after deductln8 cuent and lo terni Habllltles of £104,680, the cash reseThes were £100.338. We unnot plan wlth eertalnty for the future: howv4er.we wll contlnue to mana8e the flnan¢es of the Soclety In • prudent manner to ensure It remalns In a Stro posltlon to meet thallee$ whlch may Ue ahead. Goln8Conc•rn After makln8 approprlate enqulrle5, the Trustees have a rea50nable expertatSon that the company ha5 adequate re50urce5 to conllnue In operatlonal exlstence forthe foreseeable future. Forthls reason. they contlnue to adopt the golng concern bas15 In preparlng the Ibnan¢l)l ststements. Further detslls re8ardln8the èdopfjon of the 8oIwd concem basls can be found In the accountln8 polkles.
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA Company limited by guarantee) YRusfEES' IIEPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 5tstsMe ol Trustees R¢sponslbllltl The Tnastees (who are also the dlrertors of the Mmpany forthe purposes of company lawl are re5ponslble for pparIng the Trustees, report and the financlal statements In accordancewSth applicable law and United Klngdom A¢¢ountlng Standards Iunlted Ingdom Generally Accepted Accountlng Practlcel. Company law requires the Trustees to prepare financlal statementsfor each financial year. Under company law, theTrustees must not approve the financlal statements unless they are satisfied that they give a true and falr vlew of the State of affairs of the company and of Its Incomlng reSoUeS and appllcatlon of resources, Including Its Income and expendlture, for that period. In preparfnB these financial statements. theTrustees afe required to: select sultsble accounting policies and then apply them consistently* observe the methods and princlples of the Charities SORP IFRS 1021. makejud8ments and accountlng estlmates that are reasonable and prudent: statewhether appllcable UK Accounting Standards IFRS 1021 have been followed. subject to any material departures dlsc105ed and explained in the financial statements. preparethe fflnanclal statements on the 8olnB concern basls unless It is irtappropriate to presume thatthe company wlll continue in business. The Trustees are re5ponslble for keepin8 adequate a¢¢ountlng record5that are sufficient to show and explaln the companvs transartions and disclose with reasonable accuracy at any time the flnan¢ial posltlon of the company and enable them to ensure that the finandal ststements compty wlth the Companie5 Act 2006. They are also Te5ponsible for safeguardlng the assets of the company and hence for taking reasonable steps for the preventlon and detection of fraud and other Srre8ularitles. Members OF the Boafd The Board memberswho are also Dlrectors andTru5teeswho served durlng the perlod of this report are set out at the be8innlng of thls report. In accordan wlth company law. as the dlrectors, we ¢ertlfy that: so far as we are aware, there is no relevant audlt Infomiatlon of which the companrfs Independent Financial Ex3mlner is aware,. and as the dlrectors of the company. we have taken all the steps thatwe ought to have taken In order to make ourgelves aware of any such infomiatlon. Approved bythe members of the board of Trustees and slgned on their behalf bw. l.Aspey- Chalr, Dlrector and Trustee G Atherton- VI Chalr. Dlrector and Trustee Date: 13114 10
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIEfY LIMITED IA company Ilmlted byguaranteel INOEPENOENTEKAMINER'S REP(IAT FOR THE YEAR E14DEO 31 DECEMBER 2023 Ind•pqndrt examlnerfj reportto th•Tru•tttsolTh• Eart Lanuthlr•R•fiwgy Pv•s•bY•tlonSod8ty Umlt4d Ilh• eomp•rfl I reporttothe tharltyTNsteesoD mYemInItknn ofthefinancl•l statements ofthe companyforthèyear end•d 31 DocembÈr 2023. ResponbIlItt•Snd tsa10f report As theTru5teesof the company land Its dlrectors forthe Pufposesof company lawl you are respon51bte fgr tTr Pfepar•iion of the accounts kn accwdance wjththe requlrements of the CompanlesAtt 20061'the 2006 Art'l. Havlni $•tlsfled rnyself thBtthe flnanclal statementsolthe companyare not requlrod to be audiied Under Pirt Isof 2006 Att and Ire ellglble for Independent examlnatton, I report In respettol my examlnatlon olthe company's accounts tarrled ot under sertltsn 14S of the Charftles Act 20111'the 2011 Art'l. In carrylng out my exjmlnatlon I have followed the DlrertlonSl by th• Charltycomrnlsslon under sectlon 14515llbl of the 2011 ACL Ind•p•ndant •x•rnln•r'i•t4t•Thnt I h1 ¢ornplet•d my•x•mln•tlon. I have 5d•ntlfled no mitters of ¢on¢ernthat8fv45 me reawn•ble c•u5e to tse1¥e ttthe •ccounts prepared forthe Company are not fully compllontwlth the accountlnB requlrernents of sertlon 396 of the 2006 Art aThl hove not been prepared fulty In accordaficè wtth thè methtsds ind prtndpks of the Stitem¢ntot Recommended Pr•rtlce for accountlnl and reportlnl by ¢harltl8s. l confirm th•t m•tt•rs h•v• com•to myatt•ntlon In ¢onnettion wtth the emmlnatlon xlvln8 me uuje to belleve th•t In any matèrl•laspeth'. l. •¢eountlhB recor4ts w•re rt kept In r•sp•ctotth• ctsmynyas fequlred by *¢¢lon 386of the 2006Act; or 2. the financlal ststements do not attord wlth th05è (ordS,. or 3. the firwnclal ststements do not comply wlth the •ccountln8 r•qulr•m•ntsof s•¢tlon 396 of thè 2CQ6 AttOth•r than any requlreméntthat the iccounts ifve a Iruo and falr, vlewwhlch Is not o matter¢onsldered Is partof ¥n Independent exjmlnitlon; or 4. the hncl st•tem•nts hav• been prepafed In •ccord•n¢e wlth the method5 Ind prfnclplesof the Statsmentol Recommendad Praclke for accouniin8 and reportlng by charltles lJppll¢•ble to ¢hJrltl•s prrrtwrlw thqlr accounti In xcord•Thc• wlth t Flnanclal Reportlng Stsndard •ppllcable In the UK •nd Republlc of Irel4nd IFRS 1011. I corfflrm th¥tthere ale fto tter mattws whl¢h •ttentlon should be driwn In thls report In ord•rto •n•blo ¥ propfrrunderstandlnl of the accounts to be reachod. Thls report 1$ made 501elytothe ¢omparry's Tru$tee$, Is • body, In ac¢ordanct wbth Part 4 of the Ch•r#les IAccounts •nd Reports) RtBulatlon5 2008, My work has been undèrtaken so that I ml8ht statèto the company'sTrusteesthose matters l arn requId to statèttsthem ID an Independent examlner's portafid for no other purpose. To the iulle5t extent permltted by law, I do not accept orassume responslblltyto anyone othèr than the cornpany•nd the ¢ompany'sTrustees 4$ a body, for mywofkor forthls report. Slgned: Djted.. I- 30X Janet Barton AATQB rk House Bookkeeplng l Lark Street Darwen Lancashlre BB3 2LT
THE EAsf LANCASHIRE RAILWAY PRESERVATION SOCIEfY LIMITED IA company fimited by guaranteel STATEMENT OF HIIANcwKllvmES (INCORPORATING IPICOMEAIID EXPENDITUR£AccouKn FOR THE YEAR ENDEO 31 DECEMBER 2023 Totsl fvnds 2022 funds fvnds funds Donation$ and legacies Other trading actlvlty Investments 53.111 &603 140 2,122 TOTAL INCOME 996 59,854 EXPENIXTUREtYI.. Raising funds Charitable actlyltles 44* 446 27.957 44% 446 27258 PIEfiEXPENL)ITURWNCOME Transfers betwe lunds 54A17 54h17 32ts96 S4A17 54A17 32596 RECOAfiuATIONOFFLIVD&. Total fvnds brought forpKrd Net movement in funds 57,708 54A17 25.112 3Z596 $4A17 I115 57,708 The Statement of flnanaal acb%fjties indudesall galns and losses reco8nwl in the year. The notes on pa8es 13 to 22 fomi part of these flnandal statements 12
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIEfY LIMITED IArompany Imknd tr48uaranteel 114 114 Stot Debtorn: amounts O¢btor5: amounrs lalllftldWI C•5h at b•nk Ind kn h•nd 1370 159.121 101974 li Tr•deCredttors Delerred In¢tyM & I11 7m 14x25 Nestrkt¢d lunds Unrtstrtwfvnds 111125 The compJnyw•s eniiiled to exemptkn from IlIt urklerxckn 477of the Crynp•rAesAL% 2ts)6. The members have not requlred the comyNytoobt•bnanJwtfortheyeJr kn qU•Siknn In •¢COrd•r wlth 5e(tkn 476 af CompJftle5Aa 2LX The Trusttesackrwledy thlr reSpObIlS1oT o)mthwlth the re4uirnmentsofttR kt wlth respectto xcountl records •Ad pratIon of ftnan¢l•lstemfrIrt The ftnalldalstatem•nts have bEen prepjred kna¢c(Kd•rK• wlth the provhknn5 appl8bletoeniitlessubJettto thèsm•ll ¢ompfiles re&me. The financklstatementswere•pprtr4d and fwlswe tytheTrustee5and 5ned w trlrbthJllby: IA5r(chaIr0ffTr G AthertonlV1ce Ch*rofTiwt¢esl 13
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED lAtornyEd6Y1uè1irthQ+l NQIUSToTMINfiwxLALsfATEMENIS voThertAR ThDEDXOKWBLRItsIJ Thocofflpanv15 ocompany Plll. bith•&vtrftsf therpIn¥bnIvndup.thtIIthuty1nIesPlttol the8utrèNtsèhlmlhd¢oÉl Ptrininb#rofthoc¢lryJfiV. I>CroftMa)w Plttllpn PRS8HX Thonn•nclJtstements hMbMn plaptr1fi4c¢oldi4lhA(coUntbThNdR4Éty1tt..5I1feMen1QfRffomrn•ndld IndwiiEollrqlMdlFR51021 Iqlltt1 iJ•hu?ol9>- IChtrf¥SORPIFPS102JLth• Fin¥¢wiAwrtW5thnd•rl•wit•Wp ljthelJKir4Woiii•lindlFR5101l•nathifomwnlwArt3QQS. Th•E•st14ncwNrq PTr¥rfPF•Mry4lknfiSod•tyurt•dme•tstrd4fthlfiol•PAktsw*fft1mumd•rFl 102. Jwty. it4thThnts•nd hl¥•¢fKKthth•CQP1ryh••NUI1I1U¢W tp¢onllr&4vknppvr41kJn•I•Klenc•1OfIbql¢yQ5elIt1lIUlUr• 14
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIEfY LIMITED (A companyllmlted by guarantee) NOTEgTOTHE FINANOALSTAYEMENTS FOR THE YEAR E14DE031 DECEMBER 2023 ACCOUIITING POLiaES It1¢d) 2A £Ypqndltw• ExpendIrn Is r4co8nls•d oncèthtre lsa le8al OT£onstrucdve obll8ation totransfer econL¥nk benefittoi thlrd paty, It Is probable that a trnnsferofetonomlt benefitslll be requlred In settlementand the amountof the obll8ailon ¢Jn be measured lI)bty. Costs 018oneratln8 lundsare costslncufred In attrsCtlrt8¥olunt4rylncome. and thwe IUr In tradlnB actlvltles that Trlse fvnds. th•rft4ble •ttlvlles are Costs Incurred on th• comp•ny's ehirftèble oporntlons, Indudlnusupport Costs and costs relatlngto the governance of the companyapportloned tocharltable actIvI¢& 2J T•nilbl•llx•d •sMts•ndd•pr•¢l•tlon All •ssetscostln8 more th4n £30Dare caplialb5ed. Tin8lbte flxed 4ssets •re carfed at cost. fiel of depredaiion¥nd any pfovlslan lor Imp•lrm•nt. Deprecladon15 provlded •t r•tes ¢•l¢yl4ted to wriie off tho costof flxel assets, leu tholr e5tlmBted re51dualvBlue, ovof thelreKpocwd Ilvw gn th¢ foll8 5•5., Offlce Eqpm01bt 20% 5tr4Wt Llr Int•rwtr•c•l¥•bl• Int•r•st funds h•ld ond•pos11 Is Includ•d wh•n r•¢•lY•bl• Ind lh• •mountun b• m••wr•d rell•blyby ihe comp•ny. Ihls OrnlIV¥PO notlh¢•tlonoftr Int•r•st p•ld orplyabk bythe Oank. 510¢s are v•lued Itthe Wrof¢wt•nd n•t re•llybte ¥iluo •fter m•kln8duo •llow•ftceforobselet• •nd slow mtyrfln8sto¢k$. 2J Trndè and othtrdebtorsare recognlsed atthe settlementamount. wre the effettol the tlme value of money15 materlal the asset 1$ ba5ed¢)n the pre5ent¥olue of thos¢ amounts, dlscounted atthe Pfè tax dlKountrattthe reflects the rl$k55pedh¢ to thta5seL The urwlndln8 01thg d15countls reco5ed wlthln Interest receable. 15
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIEfY LIMITED IA comp•ny IHnlted by8uaranteel FOR THE YEAR ENDED 310ECEMDEI 2023 19 C•sh# bk h•rtd C8sh at bank •rtd lfi h•nd brtdudesush 5Jrt.tern hl8htylIqd Irwestments wlth a s rnaturttyolthroe ffl¢)rtths the d•te of•¢4wsrlSMor¢)pvnlryotth• dep051t0rs1dlIf •ccount 2.10 U•bllltlu ar• recop whon thorn li rtth¢ ty•1• sh••t d•t• u • rqwlt ol• put •vent. It ts probab that a 51roteCOnUnk bef WOII be foqulred kn se¢demeAL the Imount of the settlernentun be estlm•ted leThab. u)lIt$re reco11t6 •tth••mouNtth•t t ¢fyYwny•ntklWes It11 to setde thedebt OT the amount It h•s •dv•nced p•ymtrts f•r the eocrfls or seThKes ft riwjrt rThlde. are measured at the best e#im•¢• of th• •mounts r•qulred to ttle the oblwlon. Vthere the effect olthe tbme value ofmorw Is terw. prolskn Is b•sed on thE $10tlu•0f thos• dlsoxrted at the pre.tsx dlscoJnt rate r•kn th• rfsk$ 5pedhE tothè Iwwty. un¥AThllr4dth• dIt r•COlI wthln Interest pay•ble m8•r¢h•e% 4th the perknd of membershlp reled ther•to be It l ye•r. 3)•ts or la MeMr$hIp. The l&le of wbscdpknp4d In •d¥wce •rrtl rt rele•Md Is shown In the del•rr•d IrK lund the balan sheeL Th•<¢mp•ny onty flNnd•l •5s•ts IlablNkn of • klnd ttqUllfy&S baslc fin•nd81 Instrwnenty B•flft•nd InstNm•nts lINCOlS•d •t tr•rwcdon ¥•1 •ftd subs•quentty ¢ne•sUd at thelr sertlefftht¥alue wlth the exceptA ol b•nk lo•ns whlth •f• Gerrnl fvThls•re fvrth wknkhwe •tth•dlsty•tkn ofth•Tn4MMsln rthernnu oftr w•r•l obh¢tPrts oftr ¢<%PaN1 hm t b••ndvsl8n•¢•d f¢roth•r dwors h•¥e behr•lstd thi rti[l¥ w1p0 (05tsofra151n8 and adrnlNMednisu¢h fvrth •rth•ry•d th• sp•¢th¢ fwkl. Th••lminO Us•01• furthl Is set(rtrt In the rths tothl knnd•l st•tem¢rtt> 16
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA u)mp3nytsmited ty8uarnntetl fur*s fvnd5 OonJlK Le8aoes Subscrty 4022 70M2 34813 Grants suji frtd2022 iii iii nds fvnds 2021 4761 Fund Generotlon- Charltyshop Fund Genthiion. Fund Rèl charilaealles rotolZO22 4603 fvnd5 nklnterest Toto12022 140 17
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA company Ilmlted byguaran} PIOTEST07HE FIIIANaALSTA7EMÉNYS FOR THEYEAR ENDED 11 OECeMOEA2023 R4NNGFUNDS Unlo1¢1•d Tottrl fvnd5 2022 2023 Fund raWrwaKpendtture Tot¢12021 Unrwtrl¢ted Re1¢*•d lundi fi¢ndi Total fvnth Total 2022 MembershlpCtyTrmunl¢•tlon5 Soclety Mgrketlni Socl•tyAdmln15trntlon Member5hlpAdnnI1tr4I ELLftCo Fundlni Rep•ln & R•n•w•ls 9.502 11$ n6 11.561 9.502 13.872 135 Il716 11.561 619 619 Toto12022 TAUSTEES, fiEMUNÉRATION ANDexpErises Ourfn8the ye)r. noTm5tee5 rtte1d anyremuneritkn orother teneffts. 5 Twmees retol¥ed t¢lmbursement 0fixpm1 •li••dy p•ld out ptrson•lty th•m on Trurt bu51nes4 Dmountl tO£l,117.92 In theyeaf12022.. el.1601 18
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIEfY LIMITED (A ¢omparty limlted by guarantee) NOTE5 TOThEHIIANCIALSTATEMEP4TS FOR THEYEAR ENDeD31 DECEMBER 2025 Propwty Equi•ht Totsl Atoljanry2o23 Addlfjons 552 At 31 De¢ember2023 552 421 975 DEPAECIATK)N Atol January2023 Char8eloripyear 552 At310e¢ember 2023 552 391 Iletbookvqlue At 310e¢emb•r2023 At31 Dettmkr2022 114 114 io DEOTORS 2022 081termofth8ThONeYlr Oth?rdel)tOfS 2023 2022 OtthIn oneyear Otherdebtors Tax recoverable 4817 5,744 10,161 2.370 2,370 19
THE EAsf LANCASHIRE RAILWAY PRESERVATION SOCIETY UMITED 57J70 57J70 172 172 l F¥nd
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
----- Start of picture text -----
STATEMENT OF FUNDS (continued)
Statement of funds - prior year
Balance at 01 Balance at 31
January Transfers December
2022 Income Expenditure In/Out 2022
£ £ £ £ £
Unrestricted funds
Capital Fund 199 (85) 114
General Fund 24,913 59,854 (27,173) 57,594
Designated Fund
25,112 59,854 (27,258) 57,708
Restricted funds
Total of funds 25,112 59,854 (27,258) 57,708
Unrestricted Funds
----- End of picture text -----
The Capital Fund represent funds held as fixed assets. The General Fund Is the surplus accruing from membership income, fund raising, Donations and Gift Aid which can be used as Trustees see flt. The designated fund represents funds which have been set aside by trustees for essential spend such as operating costs. Restricted funds
There are no restricted funds within the accounts.
21
THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED (Lp knited tyeuarafiteel fur fvn ds Cuffertassets Credltor5 dye wlthlniThyear edlthrsthjeln mNethèn 2??5 14&no) 7,970) nffj (57.97ffj Tolal Ton8lbk R¢edAssets Deb1ty5 due afterMtIlL* Onear Currerttassets 114 114 162974 162J74 13Q2 1751721 17&172J