## Trustees’ Annual Report 

For the period from 31 August 2021 to 31 March 2022 

## **Objectives and Activities** 

## **Purposes of the charity** 

The objects of the CIO are to advance public education by the restoration, preservation, maintenance, operation and development of the Downs Light Railway as a heritage asset for the provision of practical education to young people between the ages of 7 to 18, in particular but not exclusively by: (a) educating young people in engineering disciplines, including civil, mechanical, electrical, design, and workshop practice; and (b) promoting science, technology and engineering focused activities and careers. 

## **Summary of the Main Activities for the public benefit** 

The charity was registered on 31 August 2021. For the large majority of the period to 31 March 2022, the charity remained dormant awaiting transfer of assets from registered charity number 513882 in order to commence its charitable activities. Charity Commission Order reference 1536/2122 approving the transfer was received on 30 March 2022. Transfers were initiated on the last day of the period and consequently were only partially complete at the reporting year-end. 

## **Statement of Public Benefit** 

The Trustees have considered the Charity Commission’s guidance on public benefit and the specific guidance on charities for the advancement of education and heritage protection. 

## **Achievements and Performance** 

## **Summary** 

This is the first report of the charity, which was registered 31 August 2021. 

The charity was dormant until assets were transferred from Downs Light Railway Trust, registered charity 513882, commencing on the last day of the reporting period, 31 March 2022. Accordingly, there are no specific charitable activities to report for the period. In anticipation of the transfer of assets and activities, policies from charity 513882 were reviewed and adopted by the CIO. 

## **Financial Review** 

The only financial activity in the period was the receipt of initial transfers of cash assets from Downs Light Railway Trust, registered charity 513882, amounting to £4,555 unrestricted funds and £4,000 restricted funds reserved for the Centenary Development 

Downs Light Railway Trust, Colwall, Malvern, Worcs. WR13 5EY – Registered Charity 1195660 

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Programme. The remaining transfers of cash- and non-cash assets and activities from charity 513882 occurred in the following period. 

Total receipts were £8,555 and no payments were made in the period. 

## **Statement of Financial Activity** 

|**Downs Light Railway Trust**||||Notes|
|---|---|---|---|---|
|**Receipts and Payments**<br>**Account**|**31/03/2022**|**31/03/2022**|**31/03/2022**|1|
||**Unrestricted**|**Restricted**|**Total**||
|**Receipts**|||||
|Donations|£0|£0|£0||
|Grants/Funding|£0|£0|£0||
|Sales|£0|£0|£0||
|Other|£0|£0|£0||
||£0|£0|£0||
|**Payments**|||||
|Administration|£0|£0|£0||
|Operations|£0|£0|£0||
|Publicity|£0|£0|£0||
||£0|£0|£0||
|**Extraordinary Items**|||||
|Transfer from DLRT 513882|£4,555|£4,000|£8,555|2|
||||||
|**Transfers of Funds**|£0|£0|£0||
||||||
|**Net movement of funds**|**£4,555**|**£4,000**|**£8,555**||
||||||
|Total Funds b/f|£0|£0|£0||
|**Total Funds c/f **|**£4,555**|**£4,000**|**£8,555**||



Registered Charity no. 1195660 HMRC reference ZD17159 

Downs Light Railway Trust, Colwall, Malvern, Worcs. WR13 5EY – Registered Charity 1195660 

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## **Downs Light Railway Trust Statement of Assets and Liabilities** 

||**Downs Light Railway Trust**<br>**Statement of Assets and**<br>**Liabilities**|||||
|---|---|---|---|---|---|
||||**aty/e **|**31/03/2022**||
||**_Assets_**|**Unrestricted**|**Restricted**|**Total**|Notes|
||**Cash Resources**|||||
||PettyCash|£54|<br>£0|<br>£54||
||Bank – General|£501|<br>£0|<br>£501||
||Bank – LMF|£4,000|<br>£0|<br>£4,000||
||Bank – CDF|£0|<br>£4,000|<br>£4,000||
|||£4,555|<br>£4,000|<br>£8,555|<br>3|
||**Other Monetary Assets**|||||
||- Receivables|£0|<br>£0|<br>£0||
|||£4,555|<br>£4,000|<br>£8,555||
|||||||
||**Other Significant Assets**||**Cost(opt)**|**Value(opt)**||
||-[None]|||||
||||**aty/e **|**31/03/2022**||
||**_Liabilities_**|**Unrestricted**|**Restricted**|**Total**||
||**Short-term Liabilities**|||||
||- Unclearedpayments(payables)|£0|<br>£0|<br>£0||
|||||||
||**Other Liabilities**|**re Fund**|**Timing (opt)**|**Amount**<br>**(opt)**||
||-[None]|||||
|||||||
||**_Notes_**|||||
||**_Note 1_**|||||



The charity was incorporated on 31-Aug-2021. Accounts are presented for the period 31Aug-2021 to 31-Mar-2022. 

## _**Note 2**_ 

Charity Commission approval of transfer of assets from charity no. 513882 was received on 30-Mar-2022. The accounts reflect that part of the transfers completed in the period to 31-Mar-2022. The remaining transfers fall in the next reporting period and were completed prior to charity 513882’s removal from the register on 13-Apr-2022. 

## _**Note 3**_ 

||Cash Resources represent|**Fund ID**|**Type **|**31/03/2022**||
|---|---|---|---|---|---|
||- General Administration Fund|General|Unrestricted|£555||
||- Locomotive Maintenance Fund|LMF|Unrestricted|£4,000||
||- CentenaryDevelopment Fund|CDF|Restricted|£4,000||
|||||£8,555||
||Registered Charityno. 1195660|||||
||HMRC reference ZD17159|||||



Downs Light Railway Trust, Colwall, Malvern, Worcs. WR13 5EY – Registered Charity 1195660 

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## **Policy for Holding Reserves** 

The Trust aims to hold sufficient reserves to provide for planned preventive maintenance costs on the assets. Funds raised in anticipation of development or acquisition costs are also held on reserve until the time of such expenditure. 

Use of the Centenary Development Fund is restricted to expenditure incurred towards achieving the Centenary Development Programme. 

Due to the ongoing transfer of assets from charity no. 513882 at the period end, reserve levels shown in these accounts are not fully representative of the charity’s policy for holding reserves. 

## **Structure, Governance and Management** 

## **Governing Document** 

Constitution dated 31 August 2021. 

## **Constitution** 

The charity is constituted as a Charitable Incorporated Organisation 

## **Trustee selection methods** 

New Trustees are appointed by Resolution of a meeting of the Trustees. Selection is based on required skills, experience, and needs of the Trust. There is no provision in the Trust Deed for nominated or ex officio trusteeships. 

## **Reference and Administrative details** 

## **Charity name** 

Downs Light Railway Trust 

## **Registered Charity Number** 

1195660 

## **Charity’s Principal Address** 

Downs Light Railway Trust The Downs Malvern Brockhill Road Colwall Worcestershire WR13 6EY 

## **Trustees** 

Mr Timothy Edward Pennock _Chairman_ Dr Henry Fletcher Winstanley _Finance_ Dr Eleanor Jane Brown _Safety & Development_ Mr Nick Dodson Mr Trevor Stanley Nall 

Downs Light Railway Trust, Colwall, Malvern, Worcs. WR13 5EY – Registered Charity 1195660 

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## **Declarations** 

The trustees declare that they have approved this report. 

Signed on behalf of the charity’s trustees: 

**Signature(s)** 

**Full name(s)** Mr Nicholas Dodson Dr Henry Fletcher Winstanley **Position(s)** Acting Chairman Head of Finance **Date** 

Downs Light Railway Trust, Colwall, Malvern, Worcs. WR13 5EY – Registered Charity 1195660 

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