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2023-03-31-accounts

Trustees’ Annual Report

For the period from 1 April 2022 to 31 March 2023

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 in relation to those purpose for the public benefit, in particular the activities, projects or services identified in the accounts

Provision of practical activities on the Downs Light Railway to further the education of young people aged from 7 years and upwards in practical engineering mediums and railway operation.

Promotion of youth engagement and career opportunities for young people in heritage and national railways, and other STEM related industries.

Downs Light Railway Trust, Colwall, Malvern, Worcs. WR13 6EY – Registered Charity 1195660

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Protection and preservation of the Downs Light Railway and its heritage, as the world’s oldest private miniature railway, and the only railway directly operated for, and by, young people.

Charity Governance

Downs Light Railway Trust, Colwall, Malvern, Worcs. WR13 6EY – Registered Charity 1195660

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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.

Contribution made by volunteers

The Downs Light Railway Trust is a volunteer led organisation, with no paid staff. In addition to the five trustees, there are several other regular and occasional volunteers who contribute their time and expertise to the running of the Downs Light Railway. These include instruction in miniature railway operation, contributing track maintenance expertise, help with fundraising and at events, and contributing time, expertise and equipment for special projects such as infrastructure or engineering works.

In 2022 – 2023, our non-trustee volunteers carried out instruction for educational activities, assisted with track maintenance, helped at events and assisted with locomotive maintenance and engineering works.

Achievements and Performance

Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole

The Downs Light Railway Trust has made a difference to the lives and educational experience of the young people who engage in our activities, through the development of their practical STEM skills. Our feedback from parents and carers demonstrates that our activities are extremely beneficial to those young people who take part, through enhancing their skills, confidence and teamwork, and raising their awareness of STEM and heritage related careers.

Heritage rail is a vital component of our cultural heritage and tourism industry and currently heritage railways are finding it challenging to attract young people. Our activities through education and engagement of young people represent the delivery of wider benefits to society by raising the awareness of heritage rail as a career or volunteering opportunity, to support the ongoing operation and preservation of our industrial and cultural heritage.

Unfortunately, due to the suspension of our educational activities on site by our landlord less than halfway through the reporting year, several of our educational, community engagement and onsite heritage preservation plans were postponed and have therefore been carried over to the 2023-24 reporting year and beyond. This includes working in partnership with Colwall Orchard Group to run an apple harvest event at the railway celebrating Colwall’s local cultural and natural heritage.

Financial Review

The charity’s accounts are set out below. The accounts are prepared on a Receipts and Payments basis and were subjected to an independent examination.

Downs Light Railway Trust, Colwall, Malvern, Worcs. WR13 6EY – Registered Charity 1195660

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The suspension of activities on the Downs Light Railway site from 16/09/22 had a significant negative impact on the charity’s income due to cancelled activities and events. The trustees placed the highest priority on resolution of the underlying issue and resumption of activities (in the following reporting period) so as to minimise the financial and reputational impact. The trustees are of the opinion that the charity remains a going concern, with plans underway to recruit new expertise on a volunteer basis to secure our educational offering.

Policy for Holding Reserves

The Charity holds two specific reserve funds, identified as the Locomotive Maintenance Fund (LMF) and the Centenary Development Fund (CDF). Funds raised in anticipation of development or acquisition costs are also held on reserve until the time of such expenditure.

The LMF provides a sinking fund of unrestricted monies for the purpose of planned preventive maintenance costs on the assets.

The CDF is a restricted fund whose use is restricted to expenditure incurred towards achieving the Centenary Development Programme.

Statement of Financial Activity

Downs Light Railway Trust
Receipts & Payments Account 31/03/2023 31/03/2023 31/03/202 31/03/2022
Unrestricted Restricted Total Total Notes
Receipts
Donations £452 £600 £1,052 £0
Grants/Funding £2,010 £0 £2,010 £0
Sales £455 £0 £455 £0
Other £10 £125 £135 £0
£2,927 £725 £3,652 £0
Payments
Administration -£2,456 £0 -£2,456 £0
Operations -£2,572 -£498 -£3,070 £0
Publicity £0 £0 £0 £0
-£5,028 -£498 -£5,526 £0
Extraordinary Items
Transfer from DLRT 513882 £6,072 £54,011 £60,083 £8,555 2
Transfers of Funds £0 £0 £0 £0
Net movement of funds £3,971 £54,238 £58,209 £8,555
Total Funds b/f £4,555 £4,000 £8,555 £0
**Total Funds c/f ** £8,526 £58,238 £66,764 £8,555

Registered Charity no. 1195660 HMRC reference ZD17159

Downs Light Railway Trust, Colwall, Malvern, Worcs. WR13 6EY – Registered Charity 1195660

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Downs Light Railway Trust Statement of Assets & Liabilities

Downs Light Railway Trust
Statement of Assets & Liabilities
at y/e 31/03/2023 31/03/2022
Assets Unrestricted Restricted Total Total Notes
Cash Resources
Petty Cash £0 £0 £0 £54
Bank – General £3,880 £0 £3,880 £501
Bank – LMF £4,646 £0 £4,646 £4,000
Bank – CDF £0 £58,238 £58,238 £4,000
£8,526 £58,238 £66,764 £8,555 1
Other Monetary Assets
- Receivables £40 £0 £40 £60
£8,566 £58,238 £66,804 £8,615
Significant Assets Cost(opt) Value(opt) 2
- Petrol-hydraulic locomotive TIM
- Steam locomotive JAMES BOYD
- Steam locomotive BROCK
- 4No. passenger carriages
- 5No. works carriages
- Laid trackwork (approx. 650m)
- Tools and Equipment
at y/e 31/03/2023 31/03/2022
Liabilities Unrestricted Restricted Total Total
Short-term Liabilities
- Uncleared payments (payables) £0 £0 £0 £0
Other Liabilities re Fund Timing (opt) Amount
(opt)
- [None]
Notes
Note 1
Cash Resources represent Fund ID **Type ** 31/03/2023 31/03/2022
- General Administration Fund General Unrestricted £3,880 £555
- Locomotive Maintenance Fund LMF Unrestricted £4,646 £4,000
- CentenaryDevelopment Fund CDF Restricted £58,238 £4,000
£66,764 £8,555
Note 2
Transfer of assets from charity no. 513882 was completed in the period.
Non-monetary assets transferred had an estimated replacement value of £134,044.
Cash-equivalent assets transferred were:
Fund ID
Type
31/03/2023
31/03/2022
- General Administration Fund
General
Unrestricted
£4,544
£555
- Locomotive Maintenance Fund
LMF
Unrestricted
£1,528
£4,000
- CentenaryDevelopment Fund
CDF
Restricted
£54,011
£4,000
£60,083 £8,555
Registered Charity no. 1195660
HMRC reference ZD17159

Downs Light Railway Trust, Colwall, Malvern, Worcs. WR13 6EY – Registered Charity 1195660

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Structure, Governance and Management

Governing Document

Constitution dated 31 August 2021. (An amended Constitution was adopted on 21 April 2023, shortly after the reporting period).

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 Constitution 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 (suspended from 16-Sep-2022) Dr Henry Fletcher Winstanley Treasurer Dr Eleanor Jane Brown Mr Nick Dodson Acting Chair (from 15-Oct-2022) Mr Trevor Stanley Nall

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 Treasurer Date

Downs Light Railway Trust, Colwall, Malvern, Worcs. WR13 6EY – Registered Charity 1195660

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Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name members of Downs Light Railway Trust On accounts for the year 31/03/2023 Charity no 1159660 ended (if any) Set out on pages (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2023.

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination using checklist CC32 which is the examiner's statement guidance for examiners as stated by the Charities Commission.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:
Name:
Relevant professional
qualification(s) or body
(if any):
Address:

31/10/2023
Timothy Kenneth Bone
Chartered Institute of Management Accountants
ACMA
ID: 1-JNDL
16 John Williams Close
Priorslee
Telford
TF2 5AA

Section B Disclosure

No concerns to report.

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