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2024-05-31-accounts

HALESWORTH TO SOUTHWOLD NARROW GAUGE RAILWAY CIO

A non-profit community organisation, dedicated to re-opening the Blyth Valley’s Heritage Narrow Gauge Railway

Trustees’ Annual Report for the period June 1st 2023 to May 31st 2024

Objectives and activities

The constitution of the Halesworth to Southwold Narrow Gauge Railway CIO sets out the objects of the CIO. These are:

For the public benefit to advance the education and knowledge of the public and promote preservation of the railway known as the narrow-gauge railway in Halesworth and the Blyth valley (the railway) through:

a) the preservation, display and demonstration of steam and other railway locomotives, rolling stock, equipment and relics of historical, operational and general interest, and educational value.

b) the study, preservation, maintenance, exhibiting and operating the railway, its predecessors, successors, and associated railways.

HSR/TR/2023-24

HALESWORTH TO SOUTHWOLD NARROW GAUGE RAILWAY CIO

Achievements and Performance

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HALESWORTH TO SOUTHWOLD NARROW GAUGE RAILWAY CIO

success. However, we have been making arrangements so we can get moving on parts for our planned replica Sharp, Stewart” Halesworth”: we have a new arrangement with a locomotive designer who can provide drawings as and when required. We plan to start with fittings, such as chimney, dome, spectacles, and so on, to build up interest in the project, for which we have some funding in hand.

Financial Review

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HALESWORTH TO SOUTHWOLD NARROW GAUGE RAILWAY CIO

Structure Governance and Management

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HALESWORTH TO SOUTHWOLD NARROW GAUGE RAILWAY CIO

Reference and Administrative Details

The name of the charity as held by the Charity Commission is Halesworth to Southwold Narrow Gauge Railway CIO and its registered charity number is 1202621

It operates in England and the registered office is 59F Thoroughfare, Halesworth, and Suffolk, IP19 8AR

The CIO is governed by a board of trustees. During the period that this report covers, the trustees were:

James Paul Sebastian Hewett

Neal John Davis

Michael Richard Buse

Harold Wild

Kenneth John Ledran Penrose

This report was approved by all Trustees on 21[st] May 2024 and is signed by James Hewett (Chairman) as such on behalf of all Trustees.

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HSR/TR/2023-24

Halesworth to Southwold Narrow Gauge Railway CIO Reg. No. 1202621

Receipts and payments accounts

For the period from 06/04/2023 to 31/05/2024

Receipts and payments

Receipts and payments
Receipts Unrestricted
funds
£ 2,577.50
£ 6,325.05
£ 822.75
£ 819.75
£ 2,065.00
£ -
£ 33.00
£ 3.89

£ 12,646.94
£ 12,646.94
£ 283.18
£ 3,053.14
£ 77.04
£ -
£ 390.00
£ 2,412.98
£ 476.40
£ -
£ 83.07
£ 520.00
£ 581.52
£ 229.20
£ 410.75
£ 300.00
£ 371.40
£ 9,188.68
£ 9,188.68
£ 3,458.26
£ -
£ 3,969.02
£ 7,427.28
Restricted
funds
£ -
£ 10,711.90
£ -
£ -
£ -
£ -
£ -
£ -
£ 10,711.90
Total funds
£ 2,577.50
£ 17,036.95
£ 822.75
£ 819.75
£ 2,065.00
£ -
£ 33.00
£ 3.89
£ 23,358.84
Last year
MembershipSubscriptions £ 2,577.50
VoluntaryDonations £ 6,325.05
Book Sales £ 822.75
General ShopSales £ 819.75
Sleeper Sponsorships/Donations £ 2,065.00
Gift Aid £ -
Sales Postage £ 33.00
Bank Interest £ 3.89
Sub total
£ 12,646.94
£ -
Total receipts
Payments
£ 10,711.90 £ 23,358.84 £ -
£ -
£ 3,315.24
£ -
£ -
£ -
£ -
£ -
£ -
£ -
£ -
£ -
£ -
£ -
£ -
£ -
£ 3,315.24
£ 3,315.24
£ 7,396.66
£ -
£ 710.00
£ 8,106.66
£ 283.18
£ 6,368.38
£ 77.04
£ -
£ 390.00
£ 2,412.98
£ 476.40
£ -
£ 83.07
£ 520.00
£ 581.52
£ 229.20
£ 410.75
£ 300.00
£ 371.40
£ 12,503.92
Website Support £ 283.18
Materials Purchased £ 3,053.14
Health & Safety £ 77.04
Tools £ -
Contract Labour/Transport Costs £ 390.00
Liability& Other Insurance £ 2,412.98
PrintingCosts £ 476.40
Office Costs & Postage £ -
PayPal & SumUpCommission Costs £ 83.07
Electric(Wenhaston Workshop) £ 520.00
Meeting& FundraisingVenues £ 581.52
Professional/Association Fees £ 229.20
ShopStock Purchases £ 410.75
Legal & CharityFormation fees £ 300.00
General Costs £ 371.40 £ -
**Sub total ** £ 9,188.68 £ -
Total payments
Net of receipts/(payments)
Transfers between funds
Cash funds last year end
**Cash funds this year end **
£ 12,503.92 £ -
£ 10,854.92
£ 3,458.26 £ 7,396.66 £ 10,854.92 £ -
£ - £ - £ - £ -
£ 3,969.02 £ 710.00 £ 4,679.02
£ 7,427.28 £ 8,106.66 £ 15,533.94 £ -

HSR/AC/2023-24

13/02/2025

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Statement of assets and liabilities at the end of the period Statement of assets and liabilities at the end of the period Statement of assets and liabilities at the end of the period
Categories
Cash funds
Other monetary assets
Investment assets
Liabilities
Signed by one or two trustees on behalf of
all the trustees
Chairman
Treasurer
Assets retained for the charity’s
own use
Details
Trustees Loan - Ken Penrose
Signature
Trustees Loan - James Hewett
Details
Details
Details
Cash Box Float
(agree balances with receipts and payments
account(s))
Details
Barclays Current Account
NatWest Current Account
NatWest Deposit Account
Total cash funds
Restricted funds
£ 4,636.48
£ 3,470.18
£ -
£ 8,106.66
OK
Restricted funds
£ -
£ -
Current value
(optional)
£ -
£ -
Current value
(optional)
£ -
£ -
£ -
£ -
£ -
£ -
When due (optional)
Indefinite
Indefinite
Date of approval
James Hewett 22/06/2024
Harold Wild 22/06/2024

HSR/AC/2023-24

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HALESWORTH TO SOUTHWOLD NARROW GAUGE RAILWAY CIO

Notes to the accounts – 06 April 2023 to 31 May 2024

1. Receipts and payments accounts

Receipts and payments accounts contain a summary money received and money spent during the period and a list of assets and liabilities at the end of the period. Usually, cash received and cash spent will include transactions through bank accounts and cash in hand.

2. Funds Analysis

HSNGR FUND BALANCES @ 31 May 2024

Opening
Income
Expend
Balance
To Date
To Date
06-Apr-23
General Fund
3969.02
12646.94
9188.68
Halesworth Loco
710.00
1450.00
0.00
COSHH Lockers
0.00
500.00
0.00
Signal Shed
0.00
1104.18
1105.14
Cleminson E
0.00
1329.48
1261.59
Odams Shed
0.00
928.24
848.51
Van 13
0.00
1000.00
100.00
Mainline Extension
0.00
4400.00
0.00
Heritage Train
0.00
0.00
0.00
Closing
Balance
31-May-24
7427.28
2160.00
500.00
-0.96
67.89
79.73
900.00
4400.00
0.00
TOTALS
4679.02
23358.84
12503.92
15533.94
Unrestricted Total
3969.02
12646.94
9188.68
Restricted Total
710.00
10711.90
3315.24
7427.28
8106.66
Overall Closing Balance
4679.02
23358.84
12503.92
15533.94

3. Bank Balances @ 31[st] May 2023

Barclays Current Account 8950.82
NatWest Current Account 5579.23
NatWest Deposit Account 1003.89

Total Balance at Banks 15533.94

4. Purpose of Funds:

General Fund – this fund contains all income and expenditure that is not covered by the following Restricted Funds. It can be used for all general expenses of running the Charity.

Halesworth Loco Fund – this fund is restricted to receiving donations towards the cost of building a replica Sharp Stewart steam locomotive.

COSHH Lockers – restricted to donations for the provision of specialised chemical storage at both the Wenhaston workshop and Blythburgh station sites.

Signal Shed – restricted to the building of a replica of the ‘Signal Shed’ (or Ground Frame Hut) originally sited on Blythburgh station platform.

Cleminson Wagon E – dedicated to the construction of a replica six-wheeled freight wagon utilising the unique Cleminson mechanism allowing longer vehicles to negotiate very sharp track curves.

Odams Shed – restricted to the construction of a replica of a goods shed building owned by Odams Fertilisers for the purpose of storage, loading and unloading of fertilisers.

Van 13 – for the purpose of building a replica of a freight van (No. 13) for use on the railway.

Mainline Extension – restricted to the construction of a track extension from the existing track in front of the Blythburgh station platform along the trackbed to to point at which the public pathway from the church passes over the trackbed.

Heritage Train – covers the building of replica rolling stock for the railway not already mentioned above and includes the passenger wagon known as Coach 3.

5. Loan Account (Liabilities)

This covers a series of cash loans made to the Halesworth to Southwold Narrow Gauge Railway Society in the period before it converted from Society to a Charitable Incorporated Organisation (CIO) between 2018 and 2022. Loans were made interestfree and for an indeterminate period by the then Chairman and Vice Chairman of the society.

6. Trustees Remuneration

Trustees received no expenses, remuneration or benefits in this period.