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2024-03-31-accounts

Trustees’ Annual Report

For the period from 1 April 2023 to 31 March 2024

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.

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

Page 1 of 6

Charity Governance

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 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 instructors in miniature railway operation, steam locomotive maintenance and operations instruction, track maintenance expertise, help with fundraising and at events, and contributing time, expertise and equipment for special projects such as infrastructure, site maintenance or engineering works.

In 2023 – 2024, our non-trustee volunteers carried out instruction for educational activities, assisted with track and site maintenance, and assisted with locomotive maintenance and engineering works.

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

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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, teachers 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. This is particularly important as we head towards the 200th anniversary of passenger rail in 2025.

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 (report attached).

The suspension of activities on the Downs Light Railway site from 16/09/22 resulted in continued loss of income in the reporting year. Following resumption of activities in Summer 2023, the Trustees believe that the direct financial impact does not jeopardise the future provision of educational activities.

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.

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

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Statement of Financial Activity

Downs Light Railway Trust
Receipts & Payments Account 31/03/2024 31/03/2024 31/03/2024 31/03/2023
Unrestricted Restricted Total Total Notes
Receipts
Donations £447 £50 £497 £1,052
Grants/Funding £808 £0 £808 £2,010
Sales £455 £0 £455 £455
Other £52 £651 £703 £135
£1,761 £701 £2,463 £3,652
Payments
Administration -£2,976 £0 -£2,976 -£2,456
Operations -£1,642 £0 -£1,642 -£3,070
Publicity £0 £0 £0 £0
-£4,617 £0 -£4,617 -£5,526
Extraordinary Items
Transfer from DLRT 513882 £0 £0 £0 £60,083
Transfers of Funds £2,000 -£2,000 £0 £0 1
Net movement of funds -£856 -£1,299 -£2,155 £58,209
Total Funds b/f £8,526 £58,238 £66,764 £8,555
**Total Funds c/f ** £7,670 £56,939 £64,609 £66,764

Registered Charity no. 1195660 HMRC reference ZD17159

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

Page 4 of 6

Downs Light Railway Trust Statement of Assets & Liabilities

Downs Light Railway Trust
Statement of Assets & Liabilities
at y/e 31/03/2024 31/03/2023
Assets Unrestricted Restricted Total Total Notes
Cash Resources
Petty Cash £0 £0 £0 £0
Bank – General £2,972 £0 £2,972 £3,880
Bank – LMF £4,698 £0 £4,698 £4,646
Bank – CDF £0 £56,939 £56,939 £58,238
£7,670 £56,939 £64,609 £66,764 2
Other Monetary Assets
- Receivables £1,300 £0 £1,300 £40
£8,970 £56,939 £65,909 £66,804
Significant Assets Cost(opt) Value(opt)
- 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 31/03/2024 31/03/2023
Liabilities Unrestricted Restricted Total Total
Short-term Liabilities
- Uncleared payments (payables) £53 £0 £53 £0
Other Liabilities re Fund Timing (opt) Amount
(opt)
- [None]
Notes
Note 0
These accounts are drawn up on a receipts and payments basis
Note 1
The transfer from the Centenary Development Fund to general funds followed written permission from
the donor to treat the unspent £2,000 donation as unrestricted funds.
Note 2
Cash Resources represent
Fund ID
Type
31/03/2024
31/03/2023
- General Administration Fund
General
Unrestricted
£2,972
£3,880
- Locomotive Maintenance Fund
LMF
Unrestricted
£4,698
£4,646
- CentenaryDevelopment Fund
CDF
Restricted
£56,939
£58,238
£64,609
£66,764
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 21 April 2023.

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 Nick Dodson Chair (Acting Chair till 24-May-2023) Dr Henry Fletcher Winstanley Treasurer Dr Eleanor Jane Brown Mr Trevor Stanley Nall Retired 18-Sep-2023 Mr Timothy Edward Pennock Suspended 16-Sep-2022, resigned 24-May-2023

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/
members of
On accounts for the year
ended
Set out on pages
Charity Name
Downs Light Railway Trust
Charity Name
Downs Light Railway Trust
Charity Name
Downs Light Railway Trust
31/03/2024 Charity no
(if any)
1159660
(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 31/03/2024.

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:

14/01/2025
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.

1