DMU GROUP (WEST MIDLANDS) CIO ANNUAL REPORT AND ACCOUNTS
31 December 2023
DMU Group (West Midlands) is a Charitable Incorporated Organisation (CIO) Registered in England no. 1203594
Operational address:
Bewdley Railway Station, Bewdley, Worcestershire. DY12 1DU.
Trustees:
James Cooper Chairman Ben Darby Deputy Chairman Alan Coley Secretary Graham Thompson Treasurer Lawrence Mortimer Nicholas Wright
ANNUAL REPORT
The charity was first registered on 16 June 2023 and on 6 August took over the operation of the former members’ group based on the Severn Valley Railway at Bewdley. The assets of the former group which principally comprised a 1960’s era 5 car class 108 DMU train together with numerous tools and spares were donated to the charity at no cost. Fundraising activities were commenced with a target of £100,000 which is the amount likely to be needed to bring all 5 units up to running condition.
The objects of the charity are, for the benefit of the community, to advance education and learning by preserving, restoring, maintaining and operating a vintage Diesel Multiple Unit train.
Many of the members of the former group joined as members of the charity, six of whom became trustees.
Initially a 2 car train commenced service in November and an inaugural members chartered train ran on 16 December. Internal and external work on a third unit, which is fitted out with a drinks bar, has enabled the unit to enter service in February and since then a 3 car train has been in service each month generating income from the Severn Valley Railway.
At 31 December the group had net assets amounting to £10,566. It is anticipated that the group will continue to receive income from running the DMU on the Severn Valley Railway which should prove sufficient to enable the train to be kept in good running order.
DMU GROUP (WEST MIDLANDS) CIO STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 16 JUNE 2023 TO 31 DECEMBER 2023
| Notes INCOME SVR mileage SVR Maintenance allowance Charter ticket sales Memberships 1 Donations Sundry sales EXPENDITURE SVR Charter fee Maintenance Bank charges Sundry NET (EXPENDITURE) |
£ 1,007 1,000 450 1,302 3,897 261 |
|---|---|
| 7,917 | |
| 500 17,354 37 - |
|
| 17,891 | |
| (9,974) |
DMU GROUP (WEST MIDLANDS) CIO STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2023
| Notes | £ | ||
|---|---|---|---|
| Fixed assets | 1 | - | |
| Current assets | |||
| Debtors | 2 | 2,007 | |
| Cash at bank | 24,189 | ||
| 26,196 | |||
| Creditors | 3 | 15,630 | |
| Net assets | 10,566 | ||
| Notes | |||
| 1 | Fixed assets are carried at zero cost and principally comprise a 5 unit DMU | ||
| plus a stock of spares all donated to the Charity by the former Group. |
Signed on behalf of the Trustees
James Cooper Chairman
8 July 2024