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 ad￿ser$
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
fteapp￿nted
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$of ihe Company for the year l January 2023 to 31
December 2023. The annual report serves the purposes of both a Trustees, report and dlrectors, report under ¢ompany law. The
Trustees confirm that the annual reptsrt and financial statements of the charitable ¢ompany¢omply with the current statutory
requlrements, the requlrements of the charltable company's governlng document and the provlslons of the Statement of
Recommended Practke1SORPI appllcable to charltles preparfng thelr accounts In accordance wlth the Flnancial Reportln8
Standard applkable In the UK and Republlc of Ireland IFRSIOZI leffectlve l January 20191,
Slnce the companyquallfles as small under sectlon 382 ofthe Companles Att 2006, the 5trate8lc report requlred of medlum and
lar8e companle5 under the Companles Act 2006 IStrate8lc Report and Dlrectors, Report) Re8ulatlons 2013 has been omltted.
Struclur•. Gry•rn•nu 4nd Manai•m•nt
Govern1￿ DotrJffl•ni
The or8anlsatlon Is a charltable company Ilmlted by 8uarantee, Incorporated In january 2019, and Teglstered as a charlty In Juty
2020. The company was e5tab115hed under a Memorandum and Artlcles of A550clatlon whlch e5tab115hed the objects and powers of
the charllable company. In the evenl of the company beln8 wound up, members are requlred to contrlbute an amount not
e¥ceedln8 £1,
R•crultm•nt Ind Appolntm•nls to th• Bo•rd of Dlr•rtorn •nd Truste•s
All Dlrectorsare alsoTmstees of the charlty for the purpose of charlty law and under the requlrements of the companVs Artkles of
A550clatlon. Under those requlrements, any dlrector Is appolnted for a perlod of three years after whlch they must be re-elerted at
the nextAnnual General Meetln8.
All Dlrectorsnlustees glve thelr tlme voluntarlly and recelve no beneffts from the char￿V. Any expenses clalmed from the Charlty.
must be supported by approprlate recelpts and have been pre4pproved •$ 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•rsour*lmi
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 Lan￿shIrt 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 object1￿5 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¢Ompa￿d 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 a￿ounts
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
Lll￿d 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
profe￿10n3￿ 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 cu￿ent 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 thalle￿e$ 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 p￿parIng 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 reSoU￿eS 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•pqnd*rt examlnerfj reportto th•Tru•tttsolTh• Eart Lanuthlr•R•fiwgy Pv•s•bY•tlonSod8ty Umlt4d Ilh• eomp•rfl
I reporttothe tharltyTNsteesoD mYe￿mInItknn ofthefinancl•l statements ofthe companyforthèyear end•d 31 DocembÈr
2023.
Respon￿bIlItt•S*nd tsa￿10f 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 $•tlsfled rnyself thBtthe flnanclal statementsolthe companyare not requlrod to be audiied Under Pirt Isof 2006 Att
and Ire ellglble for Independent examlnatton, I report In respettol my examlnatlon olthe company's accounts tarrled o￿t under
sertltsn 14S of the Charftles Act 20111'the 2011 Art'l. In carrylng out my exjmlnatlon I have followed the DlrertlonSl￿￿ by th•
Charltycomrnlsslon under sectlon 14515llbl of the 2011 ACL
Ind•p•ndant •x•rnln•r'i•t4t•Thnt
I h￿1 ¢ornplet•d my•x•mln•tlon. I have 5d•ntlfled no mitters of ¢on¢ernthat8fv45 me reawn•ble c•u5e to tse1￿¥e t￿tthe
•ccounts prepared forthe Company are not fully compllontwlth the accountlnB requlrernents of sertlon 396 of the 2006 Art aThl
hove not been prepared fulty In accordaficè wtth thè methtsds ind prtndpks of the Stitem¢ntot Recommended Pr•rtlce for
accountlnl and reportlnl by ¢harltl8s.
l confirm th•t m•tt•rs h•v• com•to myatt•ntlon In ¢onnettion wtth the emmlnatlon xlvln8 me uuje to belleve th•t In any
matèrl•laspeth'.
l. •¢eountlhB recor4ts w•re r￿t kept In r•sp•ctotth• ctsmynyas fequlred by *¢¢lon 386of the 2006Act; or
2. the financlal ststements do not attord wlth th05è ￿(ordS,. or
3. the firwnclal ststements do not comply wlth the •ccountln8 r•qulr•m•ntsof s•¢tlon 396 of thè 2CQ6 AttOth•r than any
requlreméntthat the iccounts ifve a Iruo and falr, vlewwhlch Is not o matter¢onsldered Is partof ¥n Independent exjmlnitlon;
or
4. the h￿nc￿l st•tem•nts hav• been prepafed In •ccord•n¢e wlth the method5 Ind prfnclplesof the Statsmentol Recommendad
Praclke for accouniin8 and reportlng by charltles lJppll¢•ble to ¢hJrltl•s prrrtwrlw thqlr accounti In xcord•Thc• wlth t￿ Flnanclal
Reportlng Stsndard •ppllcable In the UK •nd Republlc of Irel4nd IFRS 1011.
I corfflrm th¥tthere ale fto ￿tter mattws whl¢h •ttentlon should be driwn In thls report In ord•rto •n•blo ¥ propfrrunderstandlnl
of the accounts to be reachod.
Thls report 1$ 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 requI￿d 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
99￿6
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
I￿115
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 lalllftld￿W￿I
C•5h at b•nk Ind kn h•nd
1370
159.121
101974
li
Tr•deCredttors
Delerred In¢tyM & I￿1￿1
7m
14x25
Nestrkt¢d lunds
Unrtstrtwfvnds
111125
The compJnyw•s eniiiled to exemptkn from I￿lIt urklerxckn 477of the Crynp•rAesAL% 2ts)6.
The members have not requlred the comyNytoobt•bnanJw*tfortheyeJr kn qU•Siknn In •¢COrd•r￿ wlth 5e(tk*n 476 af
CompJftle5Aa 2LX
The Trusttesackrwledy thlr reSpO￿bIl￿S1oT o)mthwlth the re4uirnmentsofttR kt wlth respectto xcountl
records •Ad p￿￿ratIon of ftnan¢l•ls￿temfrIrt
The ftnalldalstatem•nts have bEen prepjred kna¢c(Kd•rK• wlth the provhknn5 appl*8bletoeniitlessubJettto thèsm•ll
¢ompfiles re&me.
The financklstatementswere•pprtr4*d and fwlswe tytheTrustee5and 5*ned w tr*lrbthJllby:
IA5r￿(chaIr0ffTr
G AthertonlV1ce Ch*rofTiwt¢esl
13

THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED
lAtor￿ny￿￿E￿d6Y1uè1irthQ+l
NQIUSToTMINfiwxLALsfATEMENIS
vo*ThertAR ThDED*XOKWBLRItsIJ
Thocofflpanv15 ocompany
Pll*l. bith•&vtrftsf ther￿pIn¥b￿nI￿vndup.thtIIthuty1nIesPlttol the8utrèNtsèhlmlhd¢oÉl
Ptrin*inb#rofthoc¢lryJfiV.
I>CroftMa*)w
Plttllpn
PRS8HX
Thonn•ncl*Jtstements hMbMn plaptr￿1fi4c¢oldi￿￿￿4lhA(coUntbTh￿NdR4Éty￿￿￿￿￿1tt*..5I1feMen1QfRffomrn•ndld
IndwiiEollrqlMdlFR51021 Iqlltt1￿ iJ•hu￿?ol9>- IChtrf¥SORPIFPS102JLth• Fin¥¢wiAwrtW*5thnd•rl•wit•Wp
ljthelJKir4Woiii•lindlFR5101l•nathifomwnlwArt3QQS.
Th•E•st14ncwNrq P*Tr*¥rfPF•Mry4lknfiSod•tyurt•dme•tstr￿d4fthl￿fiol•PAktsw*fft1m￿￿umd•rFl 102.
Jwty.
it4thThnts•nd hl¥•¢fKK￿￿th￿th•CQ￿P1ryh••￿NUI1I1U￿¢W tp¢onllr&4vknppvr41kJn•I•K￿lenc•1OfIbql¢yQ5elIt1lIUlUr•
14

THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIEfY LIMITED
(A companyllmlted by guarantee)
NOTEgTOTHE FINANOALSTAYEMENTS
FOR THE YEAR E14DE031 DECEMBER 2023
ACCOUIITING POLiaES It￿1￿￿¢d)
2A
£Ypqndltw•
ExpendI￿rn Is r4co8nls•d oncèthtre lsa le8al OT£onstrucdve obll8ation totransfer econL¥nk
benefittoi thlrd paty, It Is probable that a trnnsferofetonomlt benefits*lll be requlred In
settlementand the amountof the obll8ailon ¢Jn be measured ￿lI)bty.
Costs 018oneratln8 lundsare costslncufred In attrsCtlrt8¥olunt4rylncome. and thwe I￿Ur￿ 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¢ foll￿￿8 ￿5•5.,
Offlce Eq￿pm01bt
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 ￿￿Orn￿lIV¥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$.
2J
Trndè and othtrdebtorsare recognlsed atthe settlementamount.
w￿re the effettol the tlme value of money15 materlal the asset 1$ ba5ed¢)n the pre5ent¥olue of
thos¢ amounts, dlscounted atthe Pfè tax dlKountrattthe reflects the rl$k55pedh¢ to thta5seL
The urwlndln8 01thg d15countls reco￿5*ed wlthln Interest rece￿able.
15

THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIEfY LIMITED
IA comp•ny IHnlted by8uaranteel
FOR THE YEAR ENDED 310ECEMDEI 2023
19
C•sh# b￿k h•rtd
C8sh at bank •rtd lfi h•nd brtdudesush ￿5￿Jrt.tern hl8htylIq￿d Irwestments wlth a s
rnaturttyolthroe ffl¢)rtths￿ the d•te of•¢4wsrlSMor¢)pvnlryotth• dep051t0rs1￿dlIf
•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 ￿51*roteCOnUnk bef￿ WOII be foqulred kn se¢demeAL the
Imount of the settlernentun be estlm•ted leThab￿. u￿)lIt￿$*re reco￿11t6 •tth••mouNtth•t t
¢fyYwny•ntklWes It￿11 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. prolsk*n Is b•sed on thE ￿$10t￿lu•0f thos• dlsoxrted at the pre.tsx
dlscoJnt rate r•kn th• rfsk$ 5pedhE tothè Iwwty. un¥AThllr4dth• dI￿￿￿t
r•CO￿lI￿ wthln Interest pay•ble ￿m8•r¢h•￿e%
4th the perknd of membershlp rel*ed ther•to be It l ye•r. 3)*•ts or la￿ MeM￿r$hIp.
The ￿l&l￿e of wbscdpknp4d In •d¥wce •rrtl r￿t 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 t￿tqU*llfy&S baslc
fin•nd81 Instrwnenty B•*flft•nd￿ InstNm•nts ￿ ￿lI￿NCO￿lS•d •t tr•rwcdon ¥•1
•ftd subs•quentty ¢ne•sU￿d at thelr sertlefftht¥alue wlth the except*A ol b•nk lo•ns whlth •f•
Ger*rnl fvThls•re fvrth wknkhwe •tth•dlsty•tkn ofth•Tn4MMsln
rthernnu oftr* w•r•l obh¢tPrts oftr* ¢<%￿P￿aN1 hm ￿t b••ndvsl8n•¢•d f¢roth•r
dwors h•¥e be*hr•lstd thi ￿rti[￿l¥ w1p0￿ ￿ (05tsofra151n8 and
adrnlNMednisu¢h fvrth •r*th•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
charila￿e￿a￿lles
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
Unlo￿1¢1•d
Tottrl
fvnd5
2022
2023
Fund raWrwaKpendtture
Tot¢12021
Unrwtrl¢ted Re￿1¢*•d
lundi
fi¢ndi
Total
fvnth
Total
2022
MembershlpCtyTrmunl¢•tlon5
Soclety Mgrketlni
Socl•tyAdmln15trntlon
Member5hlpAdn￿nI1tr4I
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 rtte1￿d anyremuneritkn orother teneffts.
5 Twmees retol¥ed t¢lmbursement 0fixpm￿1 •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 Equ*i•ht
Totsl
Atoljan￿ry2o23
Addlfjons
552
At 31 De¢ember2023
552
421
975
DEPAECIATK)N
Atol January2023
Char8elorip*year
552
At310e¢ember 2023
552
391
Iletbookvqlue
At 310e¢emb•r2023
At31 Dettmkr2022
114
114
io DEOTORS
2022
0￿81termof*th8ThONeYlr
Oth?rdel)tOfS
2023
2022
O￿t*￿thIn 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 -----**<br>
STATEMENT OF FUNDS (continued)<br>Statement of funds - prior year<br>Balance at 01  Balance at 31<br>January  Transfers  December<br>2022  Income  Expenditure  In/Out  2022<br>£  £  £  £  £<br>Unrestricted funds<br>Capital Fund  199  (85)  114<br>General Fund  24,913  59,854  (27,173)  57,594<br>Designated Fund<br>25,112  59,854  (27,258)  57,708<br>Restricted funds<br>Total of funds  25,112  59,854  (27,258)  57,708<br>Unrestricted Funds<br>**----- End of picture text -----**<br>


**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
(L￿p￿ 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 afterM￿tIlL* One￿ar
Currerttassets
114
114
162974
162J74
13Q2
1751721
17&172J