2021-12-31-accounts

			ge dllfl~2021
Individual memberships	714	696	18
Joint Memberships	51	55
Student memberships
Institute of Railway Studies	14	14	0
Complimentary memberships			0
Total Memberships	793	776	17

					202IL,	ZQgJc.	&16	20M
Beginning ofYear		776	795	795	795	799	824	825	831	845
New memberships		69	54	63	48	43	43	50		40
Less deceased members		-15	-16	-18	-16	-14		-14		-15
Less resignations		-18	-28	-29	-15	-24	-36	-18
Less lapsed excluding those		-19	-27	-20	-20	-9	-25	-19		-39
who subsequently	paid
Individual to Double & vice
versa
End ofYear		793	776	795	795	795	799	824	825	831

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Scotland		~31
Irish Republic or Overseas		~30
Unassigned
Northern	Ireland

Name	Town	Years	Group
		Membership
Mr Alan Richardson	Br'Isto I	64	South Wales and South West
Mr Paul W. Sowan	South Croydon	41	London
Mr Michael H.Jones	Taunton	34	South Wales and South West
Mr John R. Ryan	Bristol	29	South Wales and South West
Mr Graham C. Bird	London	28	London
Mr David Cane	Stoke-on-Trent	27	North West
Mr Donald Graham	Worksop	23	North East
Mr Norman A. Tandy	Cardiff	17	South Wales and South West
Mr Robert Vincent Rogers	London	17	London
Mr Peter J.Lugg	Bourne End	11	London
Nlr Douglas Hamilton	Lymm	10	North West
Mrs Ruth Partington	Bolton	7	North West
Mr Andrew Davies	Ashford	4	London
Dr Ronald Gadd, MBE, FRAeS	Usk	1	South Wales and South West
Mr Adrian Smith	Bexleyheath	1	London

			Unrestricted	Restricted	Total	Total
		Note	Funds	Funds	2021	2020
			6		6	6
Inuuug
Donations	and legacies		26,964	25	26,989	26,400
Charitable	activities		15,425	4,658	20,083	16,949
Investments			837	1,141	1,978	2,091
Total income			43,226	5,824	49,050	45,440
EmgJttutttta
Charitable	activities		31,921	4,521	36,442	41,752
Excess of income over expenditure			11,305	1,303	12,608	3,688
Net gains on	investments
Unrealised	gains/(losses)		4,227	2,575	6,802	3,890
Net movement	in funds		15,532	3,878	19,410	7,578
Fund balances	at 1 January 2021		59,986	54,629	114,615	107,037
Fund balances	at 31 December 2021		75,518	58,507	134,025	114,615

	F THE	Y NDED DEC	20 1
Donations	and legacies	Unrestricted	Restricted	Total
		Funds	Funds	2021	2020
		E	E	E	E
Subscriptions		20,415		20,415	19,973
Gift aid tax	recovered	4,410		4,410	4,328
Donations		1,139	25	1,164	2,099
Legacies		1,000		1,000
		26,964	25	26,989	26,400

	In 2020 ofthe total donati restricted funds.	In 2020 ofthe total donati restricted funds.	ons and legacies	ofF26,233was from	unrestricted funds a	nd E167was fro	m
4	Income from charitable		activities	Unrestricted	Restricted	Total
				Funds	Funds	2021	2020
				F	E	F	E
	Publication	fund income		14,796		14,796	16,589
	Conference	income			4,658	4,658	360
	Event income			629		629
				15,425	4,658	20,083	16,949

investment	income	Unrestricted	Restricted	Total
		Funds	Funds	2021	2020
		F		E	F.
Investments		832	1,141	1,973	1,998
Cash		5		5	93
		837	1,141	1,978	2,091

Charitable expenditu	re
The charity undertook		activities	in relation to its charitable		purposes in	the year as follows:
					Unrestricted	Restricted	Total
				Note	Funds	Funds	2021	2020
							6	6
Direct costs
Journal production		and distribution			12,065		12,065	10,962
Bulletin production		and distribution			4,047		4,047	3,699
Book production	and distribution			14	8,162		8,162	13,463
Conference expenses						3,621	3,621	4,029
Web expenses					277		277	605
Zoom expenses					382		382	381
Event expenses					629		629	77
Special groups					64		64	839
Book Awards						900	900	1,500
Photographic collection expenses					595		595
					26,221	4,521	30,742	35,555
Other charitable costs
Meeting costs					629		629	689
Bank Charges					861		861	803
Insurance					896		896	896
Sundries					1,466		1,466	1,937
					3,852		3,852	4,325
Governance costs
Accountancy and review costs					1,848		1,848	1,872
Total Charitable expenditure					31,921	4,521	35,442	41,752

	In 2020 ofthe total Charitable	expenditure	E36,223was expenditure	E36,223was expenditure	E36,223was expenditure	from unrestricted	funds and E5,529	was
	expenditure from restricted funds.
9	Investments						2021	2020
							6	6
	The investments are UK Unit Trusts established			for use by	Charities.
	Balance at 1stJanuary	2021					61,752	57,862
	Additions
	Gains in the year- unrealized						6,802	3,890
	Balance at 31stDecember 2021						68,554	61,752
	The investments are shown	at market value and the aggregate			market value at 31 December 2021 was
	668,554 (2020-661,752).
	Historical Cost at 1 January	2021 and 31	December	2021			50,000	50,000

10	Stocks
							2021	2020
							F	8
	Books held in stock						7,174	5,278
	Debtors: amounts		falling due		within	one year
							2021	2020
							F.	f
	Prepayments						1,150
12	Creditors: amounts			falling due within one year
							2021	2020
							6	F
	Accruals						1,800	1,800
	Deferred income
	Subscriptions						7,654	7,887
	Other creditors						5,314	10,367
							14,768	20,054
	Deferred income
	Deferred	income		at 1 January			7,887	8,340
	Resources deferred during				the year		7,654	7,887
	Amounts	released from previous				years	(7,887)	(8,340)
	Deferred	income		at 31 December			7,654	7,887

Financial	Instrume	nts
						2021	2020
						6	F
Financial	assets measured		at fair value through		income and expenditure	68,554	61,752
Financial	assets measured			at cost		73,065	67,639
						141,619	129,391
Financial	liabilities	measured		at cost		(14,768)	(20,054)
						(14,768)	(20,054)

					Expenditure
			At 01.01.21	Income	and Losses	Transfer	At 31.12.21
			F
Restricted Funds
Research	Fund		4,219	25			4,244
Conference		Fund	19,896	4,658	3,621		20,933
Book Prize		Fund	30,514	3,716	900		33,330
			54,629	8,399	4,521		58,507
Unrestricted		Funds
General	Fund		18,545	31,657	23,759		26,443
Publication		Fund	23,808	14,796	8,162		30,442
Legacies	Fund		17,633	1,000			18,633
			59,986	47,453	31,921		75,518
TotalFunds			114,615	55,852	36,442		134,025

			Unrestricted	Restricted	Total
			Funds	Funds	Funds
			F	6	E
At	31stDecember 2021
	Investments		32,900	35,654	68,554
	Current assets
	Regional bank and cash balances		15,897		15,897
	Other bank and cash balances		33,165	22,853	56,018
	Other current assets		8,324		8,324
	Creditors due within one year		(14,768)		(14,768)
			75,518	58,507	134,025
At	31stDecember 2020
	Investments		28,673	33,079	61,752
	Current assets
	Regional bank and cash balances		15,247		15,247
	Other bank and cash balances		30,842	21,550	52,392
	Other current assets		5,278		5,278
	Creditors due within one year		(20,054)		(20,054)
		22	59,986	54,629	114,615

	2021			2020
E		E	E		E