Registe￿d number. Charrty number: 11773904 1190609 AIL EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA company limited by guarantee) CONTENTS P48e RÈference and admini5tr4ti¥e detai15 of the ¢ompanyv Its Trustees and a(fv1sers Trnstees. report Independent examiner's report St•tement of finandal actlvftles li Balance sheet 12 Notes to the financlal statements 1>21 THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA company limlted by guaianteel REFERENCE AND ADMINJsfRATIVE DETAI￿ OFTHE COMPANY, trsTRUSTEES AND ADVISERS FOR THE YEAII ENDED 31 DECEMBER 2024 Trustees lan Aspèy Chalr Appointed Reygned Reappointed 16 May 2023 17 July 2023 27 July 2023 David Wri8ht Gerald Atherton Kelth Shllton John Tate Petercolpman Nigel Bames Donald Vause WKe Cha Wlce Chalr Secretsry Asslstant Secretsry Membership Secre Assets Director Company Ye8ktÈrÈd nurnber 11773gl th•rlty re8lrtered number 1190609 Re8lstered office 33 Croft Meadow Bamber Bridge Preston PR5 8HX Company serjetsry Kelth 5hllton Ind•pondent Ex¥mlner Janet Barton AATQB THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIEfY LIMITED A Company Ilmlted by 8uaranteel FOR ThE YEAR £N(￿D 31 DECEMBER 2024 TheTrustees present thelrannual report tceètherwlth th¢fin￿￿1 statementsolthè¢ornpnyforthe ytar l J•nuary2024to 31 December 2024. The annual report serves ihe purposesof both •TnJstees' report and directors, re￿rt undertompany law. Th* Trustets confirm that the annual report and financial statements of thechariiablecomp•ny complywlth the current statutory reqUIrem￿lS, the requlrements of thecharitablecornpany'$8o¥emin8 document and the provlslon5 of the Statement of Recommended Practice ISORPI appli¢ableto ¢horities preparingtheir a¢¢tsunts in attordan¢èwith the Fln•n¢l¥l Reportlng Stsndard appllcable In the UK and Republk of Irel)nd IFRS1021 leffect￿e i January 20191. Slnce the company quallfles as small undersectk*n 382 of the Companles Art 2(￿, the strategk report requlred of medlum and lar8e companle5 under the Comp•nlesAa 2CA)6 Istratlek Report and Dire¢tors' Reportl Re8ulatlon$ 2013 h¥$ been omlited. Slrurture, Go¥ern•nc• •nd Man¥•ffl•nt fjo¥ernln8 Do¢ym•nt Theor8anlsatlon Is a ch¥rltablecompany Ilmlted by 8uarJntee, Sncwporjted In J•nwry2019. Jnd re815tered J5 J chjrlty In Julv 2020. The companywas estobllshed undera Memorandum andArti¢les ofAS￿latIon whkh estib115hed the oblerts and p¢m of the charStable company. In the e¥ent of the ¢ompaTry belng wound up, members are regulred toeontrfjbute an •mount not eKeedlni£l. R•uukm•nt•nd Appolntmentstothe Oo•rd ol Dlrectors•ndTrurte•s All Dlrectors are also Trustees of thech•ritylorthe wwolth•rlty law and underihe rwutrementsof thecOmp•n￿$Arl1cles oIAssocl8tlon. Under those requlrements, anydlrettor Is appolntedfora perknd of threeye•rs after whl¢h they must be re. •lected at the nextAnnualGenerèl MeetlrK8. All Dlrectorsrfrustees 8l¥e thtlr tlmevoluntarlly and rece1%* Th7 benefits from thtthortty. Arty expenses dèlrned from thè charlty must be 5UPPOrted by appropriate rec*pts and have been pre4pproved as a le4btimate expense underthefinancial management of the ¢harlty. Rtsk Man•8•ment The Board has tondu¢t¢d ¥ T￿eWOl the m•lorrfsk5 to whkh thecharlty Is exposeil ¥nd est¥b115hed polldes and procedure5 to mlnlmlse any adverse rlsk. Th15co¥ers I￿th data and flnancial ri5k5. Ib5k5 and m515gatlngaction5 are kept undercon5tant revlew and updated ?$ approprf•t•. 0ry4nls•tton Struclurn The bwslness of the charlty Is admlnlstered bythe Board whomeet on a re8d•r basLs, nofmally monthly. Certaln members of the Board have spe¢lfk responslbll￿les based on thdr experlence and professlonal b￿￿round5. The Board ha5 appolnted an'Executfve' which conslsts olthe Chair, two Vktrchalrs and a Secretaryto carryoutthe work olthe charity where the full 8oJrd Is unableto operate dueto tlrnlD8 or other reasons. Rèlated P¥rtles The tharlty has no rdated pèrtles lft a corporatele8al sabst but is linked Sn itschaiitableakns wbth theoperatingQ>mpanyof th* ELR, the East Lancashlre kneht Railway Company Limited IELLRCOI. THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA company limited by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEM8ER 2024 Our Alms and Obl•ctlves Purposes and Alms Our ¢harlVs purposes as set out In the Objects clause In the compan￿5 Artlcles of A5s0clatlon are to: advance educatlon for the benent of the publlc In the hl$tory, herltage con$trurtlon, englneerfng and operatlon of the East Lancashlre Rallway In Such ways and by 5uth means as the trustees shall determlne and by supportlng the charliable work of the East Lancashlre Llght Rallway Company Llmlted Ire8lstered charlty number 11866481. The alms of our charlty are.. to preserve the whole or part of the ex-8rltlsh Rallways branch Ilne between Rawten$tall and Ca$tleton lunctlon through Bury tO8ether wlth Its eonnertlon to the Natlonal Rall network.. to operate, restore, malntaln and Improve locomotlves, rnllln8 $tocK Infrlstructuré and all other oblettlves of the sald rallway* to encoura8e volunteer actlvlty In the furtherance of Its alms. Ensur1￿ our WO￿ d•ll￿rn our •SmJ We revlew our alms, oblectlve5 and actlvltles each year. Thls revlew looks at what we have achleved at)d the outcomes of our work In the prevlous twelve month9. The revlew also helps us ensure our alm, oblectlves and actbvltle5 remaln focused on our stated purposes. We have referred to the guldance provlded by the Charlty Commlsslon when revlewln8 our alm5 and oblertlves and In plannlng our future actlvltle5. In partlcular. Ihe trustees conslder how planned actlvltles wlll contrlbute to the alms and oblettlves they have set. Th• lo¢us ol oui work Our main oblectlves for the year were to support the East Lancashlre Ll8ht Rallway Company Llmlted IELLRCol throu8h volunteer recultment and fundln& THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IAcomp3ny Ilmlted by guarantee) TRUSTEES, REPORTICONIINUEDI FOR TIIE YEAR ENDED 31 DECEMBER 2024 ChJlr5 Report A5 we enter2025, It Lstlme to refierton 2024 and then knklorward to a year thot prom15es to be produrtfve and grOUndb￿akIng for t¢)th the East Lartcashlre Rallw•y PresÈMtton Soclety IELRPSI artd the Ejst Lanwhlre Lliht Rjllway Corn￿1￿ ieLLRCol who •re the m•ln benefitiarles of ourendeavours. I have now completed my lI￿tfUll year aschalrmon of the ELRPS and I must place on record my t￿nkS to mylellowdlrettorsfor thelr unwa¥erln8 supportdurln8 the l•stye8r, not tsn￿ to rne butto the membershlp of the Soclety as a whole. l Om not SU8gestlng In anywaythatth￿ Is a'51apon the ba¢V boald of dlrectors, Indeed there have been m•ny frank •nd forthrl8ht dlxusslons at Board MeetlnBs. but the well beln8 of the Soclety, its Members and the Workln8Volunteers have always been at ihe fore of these dlscusslonsand I hope that all have fourtd th•tth•lr Interqsts have been addre55ed and, whre approprlate, Improved. I mertloned In my list rèport that we had encountered thallen￿3 In the productlon and dlstrlbutlon of the Soc￿ty m•8azlne durtn¥ the recent PaSL I do Iw)pe that we hye now put these Issues to bed. A new and dynamlc team. led by Lee O•vles, are now produclng what I belleve Is the best publIco￿0Th byony Herlta8e Rallway In the Country and I thank Lee, Martln. Robert Jnd Davlo for t￿1r£O￿tInuld support. ￿•￿n8 Stated my vlew on the ma8821ne, one of the largest tosts of the Soclety Is tht productlon and dl$trlbutlon of the hard copy of the mayilne whlch h•ve Increased conslderably ¢)ver the last L2 months and I would askall thatare able to take the optlon of in elettronlcverslon over a papercopy t0￿re$S In o SMRII way thls expendltyre. We hwe ¢ont+nued toembrnce technolo￿ wlth our membershlp¥dmlnlstrntlon •nd th1515 pro¥lng • much more effk*nt wayof ensurlnithpt our Members, both old and Thew, are In recelpt of thelr new cjrds In J tlmety manner. I place on re¢wd my th•nks to the ELLRCofor thelr¢ontlnued support In offerln8 our Mtmbèrs thelrtradltlon•l ¢omplemeNtsry •nd sutssequent subsldlsed journeys on tht rollw•ythroughout thelr Membershlp perlod. The last year, 2024, h•$ been challenllnglor rnany ond not In the lea5¢ the Herttage R8llway Sector of soclety wtth mjnyof our fellow organls4tlon5 feportlniextremety worrylnicondltlon5 durln8 th15 tlme. I shall not dwell on bad news bul wlll efflphas15e th•t the East ￿nt•shIre Rallw4y, whllst not Immune to C￿llenge$, Contlnues tooper•te and Is 8overn•d Independtntlyof ihSrd prtl•s wlth the ELLRCO, the East LanuSh1￿ R4llw•y Trust and ourselvesworkln8 ¢l￿e￿t04ether to ensure our ¢ontlNuad success. I had the ple￿￿￿ ts become Inwjlved on the Committee that wlll oversee the rebulh41ng afid return to 5tearn of oneol our R•lIwa￿S most Iconlc l¢xomotlves, Hu4he54owler, L.M.S. 13065The Crab. Togetherwlth my fellow ELRPS DI￿￿Or$, Kelth Shllton and Nlsel 8Brnes and three nomlnees fromthe ELtRCo, we wlll ernbark on a scheduled proce55 of repalr5 and rern4nyfactu￿, whe neces$iryt ol the varlous pjrts ￿qUIred for • r•turn to steam 1$ soon •$ pjsslble. An Inltl•l sum of £50,QOO has been sèt aslde In • doslgnatèd hlBh Interest bank account bythe ELRPS towards ihls prolect and thls h•$ been added to ty some substantlal don•tlons Irom Membws and bequests frorn dep8rted rnemters and thelr famllles. The Soclety has al￿ 8fveft substantlal fvndsto the rallway for projects that meetour èxactln8 fundln8 and grant procedure5. When you vl41 the raljway. you May notrce a number of freshly repalnted carrlage5. Two of these have Ilfianced bythe Soclety and we have further agreed to flnance tsvo more durlng 2025. These pfojects are two-fold, ¢ne to make the 8enernl appe•r•nce of our rollln8stock more attrafflhe and, secondly, to make the rallway attradlve to rnedla. televlslon and fllm compaTrles. thelr hIr1￿ of thefatllltles belngof beThefftto thefin•nces of the rollwoy. The Soclety has a150 Ilnanced a nuffjber of Inlrastrurture ind malnten•n¢e projects under the sarne crlterla whl¢h hJve benellted ourvoluntsoi staff In both welfare and s•f•ty. As rnertIo￿d last year, the ELLRCO hwe now removed ihe obll8atlon of Volunteers ètthelr Rallway to be membersof our Soclety. Thls pfocess has been lulty Implemented and Its efferton the rallwaV5 operntionls beln8cbsety monitored by all Involved, Includln8theVolunteer Rernjltment and Retentlon Group (VRRGI of which l am a member. Thanks tothe Members of the East Lancashlre Rallway Preservatlon Soclety,It contlnue5 to bo able to suP￿rt the oblectfves 5UPPOrtln8the P￿¢￿4110￿ of the East Lanca5hlie Rallway. I slncerety hope thotwe, the so￿ety, 80 from stren8th to $tren8th In en5urln8 the conllnued opeiaikjn of the East ianushlre Rallwav. l•nAwy. Ch•lr. Dtcember 2024 THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA company Ilmlted by guaranteel TrUSTEES' REPORT ICONTINUÉDI MemhNhlp Roport The actlve membershlpat 31stDe¢ember2024 stood at 3,14901 whlch 753 were Ilfe members. The soclety ha$ setn a sl*ht d*creasè In some cla55e501 membershlp corn￿red to 2023 Ise• tiblesl Current memtershlpfees slftce M•y 2023 Youn8 Pe￿0￿ Iunder 181 Full Membershlp Full Membershlp Senlor Memter$hlp Senlor ￿eM￿lshIp I ye¥r only £13,00 I year £28. 3 year £75.00 Iwr E22.00 3 y••rs £60.00 118. 651 166 +1 166 +1 ELRPS M•rnbershl 12023 20 Tolol Momb e Jitl l)ec*hts21ll4 •GTo e Jill212￿4 0-18 42 817 1507 758 37 795 1559 773 41 Senlors 66 + ufe Indudln HonUf• ELR Pald Stsff Total 3149 3205 New M•rnbers thirf 2024- 2024 19 2023 19 1&65 Senlorfj6 + Ufe 116 130 Totsl 293 2024 2024 2023 349 347 Pet•rColpm•n. Mthnborshlp Secretary- De¢ambèr2024 THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIEfY LIMITED IA company Ilmf(ed Iwguaranteel TrUSTEES' REPORTICOIITINUEDI FOR THE YEAR E14DED 31 DECEMBER 2024 Volunt¢wlwR•port 2024 h•5 been 8 successfij y•ar. There ww* 322 total wquirle5forlheyear. Thi515a lJwBe increa5eover2023 andls due In the maSn, to dlrect enoulriescomin8 from the East Loncashlre Ll8ht Rallwayco. webslte. One hundred and seventy seven referr41s were made throu8h to nlneteen dlfferent departm•tt& The monthly phaslJw•nd breakdown 0fapp1k￿O0fi$t0 d￿rtly￿tslIe 51kxfn InT¥ts* 2024 er#4￿1￿•& Totalsare compared wlth 2023. One hundred andft*rtyfive of the 322. dld not rè5pondto ern?11 orteleplKJn•c•lls,dfflded not to ¥￿Unteer, were underth• of SI￿etn. orwwe not suitableft>rthe onty mle theywouldconslder. Varlous enqulrles recelved, were forwork tAperfence. whlth were pssedon to ELLR Co., comp&n￿wIshIngtO ¥olLmteerforone Of ts¥o daysonly, these were also passedto ELLR Co. as thrywere spKlncwuests. V¥h)us rtque5¢5 were recelved from Health Care professlonalswlshln8 to place fehobllltstion pJtbents*the RalWT.T￿e requlred specllk r￿edS whlth the Health Core professio￿l$expected the Railwayto wovlde. Th• Volunt••rRocrultmentTours recommenced In Marth 2024. Nlnètour5 wve Lwked by•l8hty wentlal volunt¢ef5. Twenty slx were referred to departments, flve We￿ exlstln8¥olunteers. tért •ttendees dld not ￿$h to ¥*lunteer. a furtherd8ht dld not res￿￿￿ afterthetours. thlrty on• lalled toattend or cmlled. Elertn h•¥e ¢onWrfed the 6•sk S•fetyTrnlnl￿afid a further flve owalt the tr#ln5ni. Th•nks 80 to Glen NewporL thevolunteer Re¢rul¢mentTour Leader and hls te4mof. Nl8d 8•mes, John Bevan. LO￿$¥ Newport Chrls Newton. Slrnon P•tterson. 8rf#n Pdlard,JulleSlndrtyand Alan SperKer forthelr efforts and enthu5tP5m In en8a8ln8 the tour partklpantk The tours need to be booked and places hve bttn IrKre•se¢lfrtyn ew to twel¥•pwsons pertour. Thlswlll be re¥lewed•nd •dlu5ted is necessary over 2025. Tourdate$for 202S are H5 follows; S*urday. 08 Marth. ￿urdaY. 12 Aprll, Saturday. 10 May. Saturd•y, 14 j￿e, Saturday. 12 july, Sotttrday, 23 August, Saturday, 20 September. Satur*. 25 Cktober, S•turday. 01 Ntyember 8ooklng Is essentthl, aftdcan be accessed the Ilnk b￿￿. httpsJl%v4Yw.elrps.co.uklbrlunteer.tours THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA company Ilmlted by guarantee) TRUSTEES, REPORT ICONTINUEDI FOR THEYEAR ENDED 31 DECEMBER2024 Volunteerlns Report Icontl Tabl¢ 2024 Enqulrf T•ul Adn caw *qp TtyJ*Guld* 29 IJ 26 Maryar* J. Wllson - Volunteer Ualson Officer- D•camber 2024 THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA company limlted by guarantetl TRUSTEES, REPORT ICONnNUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Flnanclal R•¥l•w Thè account5 for the year ended 31st l)ecember 2024 are Included wlth thls report. The key areas •r• hlghllghted wlthln the accounts, however. to 5ummarlse.' Thesoclety has dellv¢red • surplu5 of £2,71112023 £54,417) Glft Ald has dellvered £10.77512023 £12,388) Membwshlp Income wo5 £25.96012023 £70,692) The charlty made paymentstotalln8 £53,30812023 £44,619) furtheranceof Its oblettlves. SpertdlnKon membef5hlp and soclety adminlstratlon has Increased compared to the prevlous year dueto a sl8nlllcant rlse In printin8and posta8e costs. The rlse ln prlntin8 and posta8e costs has affected the provlslon fof15fe members. resultln6 In an Increased provlslon for the lon8 term deferred Income. Paym•nts made In theyear also Include gr•n¢s to the ELLRCO totallng £14,967. The tr115tee5 have voted to create • desl8nated fund,'The Crab, fund. Thls deslgnated fund Is specthcally almed at ralsln8 funds forthe restoratlon the Hu8he5.Fowlef, L.M.S. 13065'The Crab, owned by the ELLRCO. The trustees have allocated £50.040to thefund Irom unre5trScted funds, wSth an addltSonal £1,460of fundralslr¢8lncome 81 allocated to the desl6nated lund, brlnglng the total de518nated by the ELRPSto £51,500. Restrlcted donatlons towards th• Crab Fund were re¢elved In the yepr. totsllnl £6,215, brlnglng the tot¥1 pledgedto'The Crab, to £57,715. As at 31 December 2024 total free reserves were £114,836. Cash In the bank was £230,779, afterdeductln8 restr6ctedldeslgnated fundsof £57.715 and currentand lon8 terrn IlabSlltle5 01 £128,529, the free c45h reserves were £44,535, We cannot plan wlth Certalnty for thefuture,. however, we wlll contlnue to mana8e thèflnances ol the Soclety In • prudent mannerto ensure It rem•ln5 In a 5tron8 posltlon to meet challenges whlch may Ile ahead. Gokniconurn After makln8 appropriatèenqulrles, the Trustee5 have ) reason¥ble expectatSon that the Company has adequate resourcesto contlnue In operatlonal exlstence for the foreseeablèfutufe. For thls reason, they tontlnue to adopt thegolng ¢on¢ern basls In pr*parln8 the flnanclal statements. Further detalls re8ardln8the adoptlon of the 8oln8 concern b8$15 ¢4n be found In the accountln6 polkles. THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA company Iwnited by guarantee) ststem•nt of Tr￿te•S Responslbllllles The Trustees Iwho are also the directors of the companyfor the purposes of company lawl are responsible for preparing the Trustees, report and the financial StateM￿ts in a￿ordan¢¢ with applicth law and unit￿ Kin8domAccountin8Standards (United Klngdom Generally Accepted Accouniin8 Pft¢bce). Company law requires the Tfustees to prepare finanaal ststements for each financial year. UTh4er company law, thèTrustees must not approve the financial statements unless they are satisfied that they glve a true arbd falr vlew of the stste of affairs of the companyand of Its In¢(Mnin8 resources and application of resour￿5. indud1￿ rts Income and expendlture. for that perfod. In preparfin8 thesefinanciak statern￿. theTrustee5 are required to". select suitsble accountlng polides and then apptythem conslstently: obsefve the methods and principles (rfthe Chamies SORP IFRS 1021: make lud8ments and accountfin8 estimates that are reasonable and prudent; state whether appllcable UK Accountlng Standards IFRS 102) hw4e been followed, subject to any matèrfal departures dlsdosed and explained In the finanaal statements; prepare the financtal statements on the goingconcern basls unless It Is Inapproprlate to presumethatthe company wlll continue In buslness. The Trustees are responslble for keepln8 adequate accounllng records that are suffiaent to show and explaln the company's transactlons and dls¢lose wtth reasonable accuracy at any tlme the financlal posttion of the company and enable them to ensure that the ffnanclalstatemerrts comply with the Companies Ad 2(Ja6. are also respon*ble ft>r5afeguar&in8the assets of the company arKi hence for takin8 reasonable steps forthe prevention and detertion of fraud and other irre8ularities. Membet5 ofthe Board The Board members who are also Dlrectors and Tn￿eeS Ththo ser¥ed dUrf￿the perlod of thls report are set out atthe be8innin8 of thls reporL In accordantt wtth company lèw. as the directors. we cerbfythat: so far as we are aware. there Is no rele￿nt audlt infMn*iM of whlth the corrwnvs Independent Financial Examlner lsa4Ydre: and as the ￿lrettorS ofthe company. we have faken allthe stepsthat we have tsken in order to make our5efves aware of any such Inforn)atton. Approved bythe members ofthe board ofTru nd slgned on thelr beh*f by: l.Aspey- Chalr. Difector and Trusfee G Atherton- Vtce Chair, Dlrector and Trustee Date: THE EAsf LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED (AcompAmi l]mi*d bybuarame*l INDEPENDEKfEXAMINER¥ RIPORT IRportioth•thtrltyTruteu¢Jn nryexJmlnJth o1th•llr￿ndll sltsMrn•fih•comp•miforth•ww•nd•d JI Oecefflb•r X124. theTMltssofthe wrnp•nYl•nd th dlrertorsfwthe purywesolu*nynyl•wl you8r•r•1pw￿bre lorth? ofth• acmunts lTrattord4ncewththe fEqulrefflentsofthe CThThynlesArt21Nllhe 2006Arf. and •￿en￿bIll0T1nthlqndeffl ￿lmIn0￿0￿ I report In respettof ffly4xamlrMTlonoftht¢4)mpiTrV>•ccoynts cawrted out undw ttlon 145 oltht Ch•rtttei >￿*20111,the 2011 Arfl. tngnylrq¢wtmywmln•¥on I hwelolbwedthe PIre£do￿￿￿￿n bythq CP*rtVc4Mn￿10n ufidlrwiion 14515llblolih• 2011A •Kounls prnp•red l0rthECmpary￿2 notfvE￿aNllP1t0nt￿1lhthe4(Ctyj￿n￿ rnqulr•nhryntsolsqttlon396¢Jftho 2006AEtind hwe notbe4Th pr•pBredlullyln •c¢wd•rKi *lthth• mtth¢ds Ind Prtftdp￿ofthQS1ltlm¢fftl ofRffomm•ftded Praaicelor *r¢ountlry•nd reportrqknthirfllq lunilni￿uIrffftQ￿tr ¢rfMcd¢>n 396ofth• Z(A16kt oth•rth•n iny rnqulr•m•nt th•t thts•¢¢Ounts8kn•,tr￿ •nd l¥lrfblqww*l¢hli nota mitter0n￿de1Qd￿ IndeDendentthmhth., thoflnaftclBI b•¢n pryred Inittothce wlth th•methods andprf￿1PI￿QIth•slatsmQTrI olRqrornmeftd•d PrncU¢* fora(a>unln8and rnponl￿ty￿￿rt￿eS(¢pvIkab1e1o¢hl￿￿¢spr•9ldfj8th*Itt￿Atr lfiiccord&n¢ewbth th•F1ft4nd•l Rap￿￿￿s￿￿thrd Ippll(•bl•lntr￿ UKaThl R•publtcoflrnknndlFRS 102k I conllmith•tth•rtarn no othernwtterj whlch att•fflloTrJhouidb•drnwn Inthh Mport In ordorto•nDbh •pmpv und•tstrn￿n10Ithe act4unts to h r4ath•d. Thl%lw￿ hfftades*to theornpJThvsTnN1￿ u•bo*.IDKMrd•ncewlth P•rt4olthe(hwlWes IA¢uwntswd P•9oml R•oul•Yon$ 2008. My**rkh•sboenwidertaken soth* I mlBhtststs tothe ¢ampanVs Tntyteesihw mattvs l 4mf•qulrnd to statetothem In M Indqpendent exwmlnevs report8nd fornooth•r p￿p￿0.10 thefullertextent permltted tylaw. Ido Trot tor•MumerespoAsthllltylO i¢wor* ¢therth•nihe ¢omp•ny4ndits ¢mp•nVsTh*ttts as • bo(ty.Iw mywork orlorthls S*no& J J•ntt Barton AATQ L4rk Boow i 5veet L8nwMr• e83 2LT 10 THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA company limited by guarantee) STATEMENT OF FINANCIALAcnvmES {INCORPORATING INCOME AND EXPENDMJRE AccouKn FOR THE YEAR ENDED 31 DECEMBER 2024 Totol funds 2023 funds nds Z024 INCOMEFROM.. t)onations and le8acies Other fundraising actlvlty Investments 6215 49.782 1,570 4ffj67 94.907 2,122 1007 1S70 TOTAL INCOME 49W4 6215 56,019 99,036 EXPENDmiREON." Raising funds Charftable actSVities 53308 53,308 44.619 TOTAL EXPENDITURE 53308 44.619 NEf(EXPENDiniREMINCOME Transfers between funds 13J)4} 6J15 711 54417 NEfMOVEMENfiNFUNDS 13J)4 6215 1711 54.417 RECONOUAnoN OFFUPIDS.. Total funds brought forward Net movement in funds 57,708 54,417 {35041 62lS 1711 TOTAL AINDS CARRIED FORWARD 108,621 6215 I14￿36 112,125 The Statement of finanual activities Snclude5 all gain5 and losses reco8ni5ed in the year. The notes on pa8es 13 to 21 fonn part of these flnandal statements 11 THE EAsf LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IAtompany Ilmked byguaranteel BALANCESHEET FOR THE¥EAA EWDf031 DecEMBEk 21114 Tanolble FlxedA%%ets 30 stoth5 Debtors.. amountsfalllng dve 8fter morethan one v 10 Debtors.. amountsfalltn1d￿ wlthln oneyear io Cash at ban* and In ha￿d 10.717 Iq161 2a5,018 216,m 24Y.165 li Trade Credltors Delerred Income & accrua floj I447C￿l 144no 1440791 195.2 170.065 I74￿5 157.9701 112.125 Restri¢ted lunds UnreArftted fvthds 6215 lQ8.621 114816 IIZ125 112J25 The company was entldedto exempflonfrom audtf undersociion fftof fhe Corr￿aDIesA(1 ZIIU6. The members have not re4ulred thè £ompanyto obtsin an audltforthe year In questlon in accordancevAth sertlon 476 of CompanlesArt 2006. The Trustees acknowledge thelr responslbllllfje5for complyin8wSth the requlrementsof the Aa wth respect to accountlng Fowrdsand PF¢parat￿n gfljnandalstateme The finaocialstatements have been prepared In accordancevAth the provlslons appllcabjeto entitles sublecttothe small companles reglme. The financlal 5tatementswere approved a horlsed for15sue bythe Trust￿ and $18ned on thelr behawbw. rAspev (Chair ofTru5ftts[ GAtherton IVkeChaltofTrusteesl ' 2qt>) Zot4 12 THE EAST LANCASHIRE RAILWAY PRESERVATION soaETY LIMITED Pp5￿X 22 ThtTnrft*tthM*•thknXI•Uff•llln rq5pett uI•F•Wql•t*•5trmiwr Y*d*e¢JlwJthtyiutkM Iw15x*old*hnw￿I 2J THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIEfY LIMITED [A£¢￿rryI*M1Ied by 8uaranteel 140TES TOTNE FIIIANCIALSfATEPIIV4TS FOR THEYEAR ENOED 31 DECEMBER 2024 ACCOUNnNG pouaES (c￿￿￿10￿ 2A expendllure Lsrecc4n1S￿ thve ls• *114y obll8atkn to transfereconornlc btMAt to i thlrd wrty. It4 prob•Wt th•t4 tr•n5f•rof e¢or4)mlc beneffts wll be wulred In Irt￿¢rnent the omountofts obl1vti￿ can bt meayxed rellabty. Cosis of 8ener•tln8lunds arec05ts k￿rIed In aiirxtknl¥o￿ntrry Incom•, Ind t1￿• Incwred tridln8Xthltles that ralse Ch•rftibkn4thd•sar• ¢OStslrKwreJ Mthetyto settkn thedth orthe•munt It hasrecelved a5 advanted y￿nis1OrthÈ¢oods or str*es )t must w0￿de. prO￿510n5 are meoyjred at the bestesibm•te of t￿ •MO￿ts requlred to settle the oWIyiion. Wheretheeflect of thetlmev•1￿ of mony Is m•ier41. the yo¥lsl¢)n lsbased on the valw oft1￿ •mowffg ths¢ounied at the we-lax dscount rate thot rellectsthe dsks spedflcto tho Il•blllty. fv uM￿ndIng olthe dlxount15 rqcoyw *rfthln Interest P￿ble Jmilw th•rys. Pro￿500n15 made lor p￿d In •th•rKe. Thlswo41sloThlsreleased In •ryordonce *￿th the wlodol m*mberthlp rd•ted thveio be It l ye•r. 3 yearsor Ilfe rnembershlp. The balarté ol substtlptlons p•hl In •d¥•nce rde•sed1$5hown In thedeferred Income l￿d on t￿bal•fiCe sheet. The company only h•5 assets•nd fin•￿1•4 Il•t41tt1esof • klnd thptquofifv •sts￿l£ IIMs)cl•l Instruments. 8•4clln•rKl•l Instruments4￿ 1nrtfjal￿fec9￿nISed at trarsactlon val and Subseq￿ni￿ me•sured•i tr￿1r V•Iue￿th the exceptson ofbank loin5 wthlch ar• subseguerfly me•sured •1 •mortlsed usbn8 fv effert￿ Interest mettK#J. Genef•l unwtrkied fv￿￿1*h areM1￿ble foru5e•tthethscretlon ofthe Twstees fwtherarKe of the pr*rtl oL¥eCtI￿OI th*¢omp•ny•rO w&ti¢h h•¥* not l)e•i deyonated for other R•Mrki•d fwds¥re funos are to be used In a￿ord￿ ￿th wlfvc re5tdctton5 Imposed donorsor which hJ¥e been ralsed bythe company forpartlcular wrp)ses. The costs of t•151￿ •TrJ •dmlnlsterfn8 s￿h funds arecharled aqaln5tthe5pedfic fur¥J. Theakn aNIu5e of e•ch ￿$triCted fthxl is¥etwt Intt* rkxestothefinarKlal sfatements. 13 THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED (Acompony Ilmlted ￿ 8uaranteel 140TESTOTHE FINANCIALSTATEMErirs FOR THEYEAR ENDED31 DECEMBER 1024 IIICOME FROM D014ATIONSA14DGIiAIITS Unrestrlcted fvjnds R¢51ritt¢d lunds funds 2024 fvnds 2023 D¢￿3110￿5 Leeaties SubsulptiL¥)S T4x wecover•ble¢A81ft ald oTrdonatlon5& sub5crlptl￿s Grants 4215 15047 326 70.692 12.388 25,960 IIA775 25,960 10.775 215 Toto12023 97,907 97,907 Unr•rtr]rted Rertrlrt•d nds Totsl nd$ 2024 Tot¢rl fvnds 2023 2024 CharltableAthvltles 570 ¥570 1122 I￿70 70 Totu12023 2,122 2,122 UThrestrfthd lunds Total nds Totol 2023 Banklnterest 4￿7 4,667 2,Li77 667 Trtd12023 2.007 2.007 THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IAcompany11Thsied bvwaranieel NOTES TO THE FINA14CIALSTATÉMÉNTS FOR ThE YEAfi ÈNDED 31 DECEMBER 2014 Unr¢s¢rithO ndi Totsi Iwidi 1024 Total fvnds 2023 Fund r•lln8•xpendllu Totul Z023 CMARITIOIEACTMTIES Tot•1 lunds Totol lunds 2023 funds 2024 fvndi MembtrshlpCommunl¢•llons Sorl•ty Morketl 5o¢letyAdmln15trnilon Memb¢fshlpAdmlnlstrntlon eLLRCo FurtdlnB Reylrs & Renqwal$ 13.139 2iiyJ 9.502 135 11716 11561 1880 7,825 7.014 7.974 14,967 214 7.Q14 7.974 14967 Tot•12023 44,6J9 44,619 TRU5TEES' REMUNERATIOIIAND EXPENSES Durln8 theyear, no Trustses recelved aThy remuner•tlon oroiher benefits. 3 Trustee5 recelved relmburSeme￿t oleMpeTrses, al￿adY pald our personally by ih•rn on Trust b￿SIneSS, Jmountln8 toE455 In th• y••rl2023: £1,117.921 17 THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED (Acompany limlted by8uaranieel 140TES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED31 DECEMBÉR 1024 Pmparty Equlpmnt Totsl At 01 Janubry2Q14 Addltlons 591 413 975 At31 Dqe*nber 1024 552 423 975 DEPRECIATW)N At OlJinu•ry 2024 Ch•r8e for the 39a At 310ec¢mber 1024 951 975 Pl•t book￿￿• At 31 Oecember2024 At31 L}e￿IberI025 30 DE8TOA5 2024 2023 Du• aft•rmw• th•n on• y••r Oth•r d•blOrs 1023 Duewlihln one y¢•r Otherdebtors Tax reco¥ernbl¢ 3.055 7JJ62 4.417 5.744 10,161 THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIEfY UMITED FOf¢ThEYWtNOED nOECEMveR 1023 Tiado Cred¢or5 Otknta¥Jtkn 0r4¥v¢l•li4vNIty 710 4s0 450 57.gX) t41 Fund Genernl Fur 15XZ78) 57,121 Is iUU$ 540 THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIEfY LIMITED 11¢ ST￿ 91 JJiOY5 Jjii 11112$ ¥Jlthth•Ch4ihl•** THE EAST LANCASHIRE RAILWAY PRESERVATION SOCIETY LIMITED IA¢Om9•nylMnited FOA ThEYEAR ENDE031 OÉCÉMbER 2024 Totsl 2024 Tan11b￿ Flxed Assets 237.149 ,0791 M450) 6215 243,365 148m91 WIA501 Cr•dltor5due wkhln Mey Crethtorsoueln y•¥ Totsl ZIS 2023 2023 2023 T￿￿￿1￿ FL¥edAs*ts Oebtvs due after more Current atsets Credltors due wlthlnone od11￿ dut In ThirethM0￿ve 30 214rn (46.7101 157.9LII Z16,775 1447101 157.9701 IIZ J25 112 125