## **RAILWAY AND CANAL HISTORICAL SOCIETY (THE)** 

# **(A Company Limited by Guarantee)** 

## **Charity Registration Number: 256047** 

**Company Registration Number: 00922300 (England and Wales)** 

## **TRUSTEES' REPORT** 

## **AND** 

## **FINANCIAL STATEMENTS** 

## **For the Year Ended 31 December 2022** 

## **7 Grosvenor Gardens** 

**Victoria London SW1W 0AF** 



THE RAILWAY & CANAL HISTORICAL SOCIETY
Railway 8 Canal HIMorical Society
Annual Report 2022
rht ffU5rets. Ivho ore tslso rhe Compony Directorslor ihe pury105eJ oJlhe ComponiesAcis, present iheirReportlgr
Iheyeorended31 December202Z.
fteferente and adminirtrative delails-.
Chority regirtration number
Company regislration number
Regimered oftice
Wèbsiie •ddre5S
2S6047
tY)9223thJ IEn8lènd & Wales?
7 Gro5venor Gardens. London. SWIW OAF
www.rchs.or
l. Tfusiees
Grahame Boyes
Goidon Biddle 110 28 May 20221
8ob Bramsort
Roger Brice
Philtp Brown
Peler Cros5-Rvdkin
r*m Edmonds 110 28 May 20221
lane Ellis
'Wendy Freer 110 28 May 20221
JohnGou8h Ito28 May 20221
Bob Haskins
Nicholas Higton
Qavid Joy Ito 18 Moy 20221
Geralu Leach
Michael lewis Ito 28 May 20221
Philip Lloy
Michael Messenger (to 28 May 20221
lon Moss (to 28 May 20221
Patrick Mg$5
Philip Scowcroft (to 28 May 20221
Mènbewseaile (to 28 May 20221
Oèvid Smilh
Andrew Wagei
2. Piintipal ottice
Piesidenl
Hon Secieiary
Hon Treasurer
Mana8ing C¢mmirtee Chairman
Ger31LI Leach
Roger Brice
David SmiEh
Patrick Moss
IndepEndent Examin¢r
58 Audit LIP. FittCOY House. Crown S¢reei, 1p￿vich IPI 3LG
banke
CAF Bank LEd. 25 Kin85 Hill A¥enue, Kin8s Hlll. Wesl MallinK
Mf 19 4JQ
Investmènt managers
CCLA Irp4estmeni MaDagèmeni Ltd,.l Angel Lane.
Loiidon EC4R 3A8

3. siructuie, coveenance and manogefnent
a. Goveinin¢ dD¢umeni
The Socieiy is a company limitetl by guarantee. being 8overned.irt accordancè wilh Memorandum and Airicles of
A550ciadon dated 2J October 1967 las 511Dseryuently amended). All members undertake io Éuaranleè the liabilihes
io a maxlmvrty ol £1 ea£h.
b. Membership
Meinber5hip gf I he Socieiy is opetk to anyts)dy Inttriested in ihe l)isiory ol transport. on xpplicvlion tn writine and
paymenr of the substripiion.
¢. TruMet5
The members ol the Council are the Trustees ol the Societv and are Directors lor ihe purposes DI Ilie Companits
Acis.
The Coun<ll comprises the Presldent. up to eight vt(e.P￿$i￿efiIs. Hon Se¢ietary, lion Ifeasurer. one represeniaryve
from each Regional Group noi lewer ¢han six nor more ihan iwelvo members elected at Ihe A Trnual Meeting.
AlihouEh the eleciioth process does iior euaraniee il. in practice li is lovnd ihat il yields 3 suit3ble balance ol
acadeniic. Pfolessionèl and tnana£erièl expeni5e. New Truslees are Eiven c(Jpies ol the conshtulion, notes of
ELiiilan¢e on the Society's Of8an4s?rion and proce5se5. and ihe Ch31ity Comrnis51on"5 publicarion Yhe Essential
Trustee,.
d. Managemeni
Policy issues are decideL1 bv ihe Council. subj*a to any decision5 m*Je ai General Meetin8s, Dvring 2022 IhÈ
MonaÈing C¢)mmiltee and Council iended lo meel iogether 10 tnsufe maximvm eneaÈemeni ol ihe latlei in the
S(fa(c&ic direction ol the Society.
Tho Publitarions Commirtpo dcals with books Jnd bookltts published b¥ the SotiQty. Oihef ad hoc'iask and finish,
con)niitices afe eslablishLd when necessary.
Personnel
Thc- Sotiery ha5 no emplovees. All ètti¥iDe$ are undertaken by woltsrtiotr5 whoare rtimbursed onlylor fiecessorv
opproved expenses. f¢iembers ol the publica￿OnS Comminee each peceive a copy of all books PLrblished by the
Socicty.
l. Belated parties
Thi. 5oclety woiks coopcratively wilh oihci (ièiispoir and h1510ricèl sociÈttek It is a toiporaie member ol the Inland
Waienvays A550ciaDon ènd thL Assocjariort loi Itvlustrial Aichaeology. Tbe Society nominare5 a rnember to be on
Ihe Council of ihE Canal & Rivèr Tiust.
4. Risks
The Socieiy remain5 Solvent buL cerrain lon8èr-ieim Fssue5. idenrilied in Ilie previou5 annual iepor15 COn￿nUe io
cause concein.
Membersh*p by 3.2% io boili de?Ihs atid iesi8natiQDS. The 32% re￿uc￿On in new members- Iron)
69 10 47- IJ a cloar cause lor concern. a5 is the ien¢Jency lot new member5 10 drop oui wiihin fotsr years.
Lack of volunteer5 101 administraiive positions in the local and nanonal sirucivre conrinues io be an Issue.
I here has been Tto discernible improveirieni In these feaiyfes ol tlie Sociely. Membefship has (tècfirted sn8litly bul
EiiiQ¢l the esDmaLe<J ¥e profile of exlsiiiiE inember5, (he possibil¢ry ol an increasèd rale ol detline in membership
IhTOLl8h natuial causes is o poieniial risk

5. Key Comments on 2022
The lin3nci31 stability ol the Soc4eLy has been mainiained fluring 2022. building on Ihe tliaTr8e5 noted In ihe
last Annual Reporr. DiJrin8 2022 rhe SocieTr resumed some aspec15 of ihe prt-pandemic delivery model.
such as faie ta face meeDn&S.
The oieanisation and manaEemenE ol iht media aichivt received stet7ifi(anl anention during 2022 an(J a
dedicared group ivas esiablished ¢liai made subsiani7?l iniprovemenl5 that are repgfied below.
No Young Researcher Awards were made dvring 2022 bui ihe Counctl and Mana£inB Cornmirtee have
decided io (levelop mole effeciive use ol reseaTch lund5. pairtcularly felated 10 the Media Archive.
The ne￿$S31Y constlluttonal changes We￿ made that amend Ihe role ol VICe-pre￿￿ei71S and en3ble Council
and Managing Commirtee to work rogeihei mole closelv.
6. Objective
Thesoeieiy's chafi(able objective is-. Yo promote. encoura8e and co-ordinale ihe siudy tsl the hlstory of railways.
canals Ind transpoii
Cvrienily the pwincipal methods ol achitVihB Ihi5 objtd?ve are-.
P¥ovidinÈ lofums loi discussing and luithertnÈ research into 8rilish Ifansport hiSIOry.
Ptsblishln8 Quality research.. and
Oieanisin8 conlerences. speaker meerin&s 3nd ¥i5ilS to places of InieresL
7. Chafiiable •ctivitièS
. Genenl
The Trustees have COM￿led thih iheir dury lo have due fegard to ihe guidance on public benelit
published by the Charily Commisston rn exercisine Iheir powers and duD"es.
b. Publications
800*s'. Two new titles werè publis1￿d in the year-
John Rennie.. Engineerojmonysplendid onduseful bvof*s by Peter Cr055-Rudkin,
Roilwoy5 ond Contsls in the Chvrnet Volley- Consollp051 ondpresent byThe Knotly Ranibler5 (Allan C
Baker. Mikt G Fell 08E and Barry Knapperl.
Terhnolo9y. Iconomirs. ond Conol De¥elopmeni-An eftfly technicol book ond whor it reveols by
Mike aarke ha5 been pariicvlaily well ieceived and anothet 50 ropies weie prinied.
Phtlip Rirten ol Merton Priory Piess 6enefously donaied 22 fernainin8 copbes io iht Society ol Re8
Schoffeld's biograph¥ o( the ert8ineeT Benjarnin OviTam. These weiE sold quickly.
TheJov¢nol.- continved to be prodiiced and di51ribuied wiihoui any interyuprion lo lis nprmal
schedule durlng 2022. The usual three issues weie pfodyced and cooialnod 16 major artfjcles (Jl on
railways. 3 on waterway5 ènd ofie each on ro3d5
and ¢oastal s1iippin81108eiher iviih obituacies. book re¥iew5 and ilems ol¢ofre5pondence. Aher a
dip 511 202J. tlie fiurnber ol book teview$182 over 39 pagesl is similaf 10 pievious yeats. BeÈinning In
November 2022. Siephen Phillips his iaken over ¢Je51Bn ol itt¥ Cove￿ from Malcolfti Presken.

The 8ullei?n.' cotiiinues io bp a bi-monihly publ¢cafion. COVID-J9 restr*ctions meant that noiih'cations
of Regional Group evenis were limiled. and at pieseAI there are lewer repons from ihe SIGS.
Fonunately. tnembers coniijiued 10 submil siorie5. pi(ru¥e and iiems of hisLori£al interest io sustain
Pfodvttion and ihe chéerfvl style loi the Bulletin which the editor has (reateil.
Inlond Woterwoy5 oJGreoi BKituin ondlrtlond ift Poilioment. publtshed lonline} this listing
idonrih.es Parfiamentary involvement wilh inland waiefways in Greai Oriiain and Ireland. From 1121
up lo 1536. the lisl only covers En8land. Ihen England ènd Wales io the Scottish union in 1707. after
vihich Scotland is included. lieland is rovered l¥tsm ihe early period as il was conquerEd by the
Norrnans in the 12lh cenLury, byt ihe engllsh Crown L*id nol take lull contiol unlil 1541, with ihe Irish
Parliament being mereed with the Westminster Parliament Irom J80J until part(tion in 1922.
Annutrl81&1iogrophy." Yhe first annual biblioÉfaphy u5tng ihe 35sisiance ol a wi¢er band ol
contributors (covering 20211 was published onl¢ne.
Conoi funnels DatobosE.' A dolabase of canal tvnnels was pvb115hed online. This is a new initiaiive by
a nietnber of the Socièty.
TrL7nSPOrt Annlverstrries.. Al the beginning of each year ihe society prodvtes è li5[ of tronsport
hisiory atsniversaries. These include events Irom 25, SO, 75. 150. 175. 200, 250, 300 and 400 years
prior io the current yeai. Ihe lisi lor ènni¥ersaries lallinE tn 2023 vias pvblisheLI online (5uring
December 2022.
Website
The websire shop continues to attraci traile wilh around 800 order5 bein8 Pfoces5ed duiing ihe year.
These sale5 tOTalled £24K, of which É7K was velaieo io ihe Society's own public3tign5, another £7K ro
m?mber5hip Sub5ciiption5 Including 46 new members. and £IOX was in rc6o¥d of ihc fesidenn.al
weekend èased in Frome Isee SW Group entry belowl. An additronal £6K was èttribvtèble to
booking5 and publicabon5 on behalf ol ihe Early Rèilways Conlefence.
A nLtmber of Socicty publications suiièble only lor online public2tlon werc addcd io the websitc-
see 7b above.
Ugdaio5 ro arrangcrneni5 lor meeting5 and outdoor event5. mosi neces51tated by Covid-related
issvcs and rail disruptions, were publlshed on ihe websitc and supponed by email alerts organisetl
by the web team. This seTrice proved io be popular and apwcciated such ihat li ha5 been continued
beyi)nd ihE endin8 ol Covid FPSiiiciions.
ThE web team also reviewed available security sohwaie resuliing In the installarion ol a new h"¥ewall.
d. Media Arthive
Ourirn8 2022. fvither si8nihcant progress has been made wilh the Media Archive. which itow includes
80.000 phoioeiaphs. maps. engineerine drawin85, etc. Further Collcnions have been added during
tlie ¥eai, inclvding thai of Gordon R3tt*nbury, a former vice-pfesident ol ihe Socielv who died in
199&•. JrTrd who was a well-known auihority on ihe IraFDroads of South Wale5. Around 25.000 of rhe
h3rd-copy prints. slides. antl neeahves hwe been scaftned over ihe pa51 twenty or more years. but
SDme ol them are delerioratin8. 50 the scanning proce55 15 proceedin8 wilh some urgenry. Once
5canrned. Ille ima8es are beine lightly edited, and then vploaded to the Online Archive_ Equallv
irnpotianl 15 the task of providsng ihe besi caprion we can for each image, based upon ihe
sometimes-briel Informa￿0￿ provided by the photographe¥. $￿ppleMEnIed by the expert advtce of
membels Once ortline. comrnenis can be posied lor each image tD correct OT enhance Ihe caption
infornlarfon.
Collections currenlly beinE worked on include those of our late member5 Bertr?m Baxier, Hugh
Compion. Aay Cook. (￿lIeS H*idh'eld. Dennis Hadley. Edivin She3rine.Jeollrey Spence and Rodney

Weaver. Ihe-Z&nphoio' softthyie utilised lorille Online Afchive has pfoved to be very sii,.table lui
oui lleeds and ha5 undw8one luiiher developmeni under rhe lechnical leadership Df U￿r mervbei.
Adrian Moss_
There are now 30 voltsniee15 working on differerbt aspecis of the Metlt3 Arthivt projett and, a5 015
Mèich 2023. Lliere ivere. 7,300 ¥ma%es online. 3n inuease o12.9CIJ over ihe year. New VC*lunieers are
Jlway5 %velcome, particularly ihose who feel ableto help wjth thè uploading Inoi difficult Bfter a litLle
traifjingl.
8. National Activities
4. The Sorieiy SAGM was held in Birmingham ofj 28, May lollDwing thè presentation of ihe annual
RCHS Tronsporl MisiDry Book o[IhÉ Yenr awards.
b. Clinker Memoriol lecture.. HCHS member Dr Michael 83iley MBE. deltvered tho lecture.'"Built in
8rliain.' the Indcpendenr locomotive ManufactLFfinB Industry in Ihe Nineteenlh Century- The
attendance 014? comprrsed 2] menibers ol rhe North West Gfgup. 8 Oihei RCH5 membeis and 18
visiiors. Tlie PFeseniètion ivas madp availèble io a wider audience throu8h a recording placetl on Ilie
website. attraciin£ a total ol mofe Ihan 60 furiher viewings.
9. Ae6ioDal Group Activi16es
a. Eost Midlonds.. Ihe Group initially held a piogramme ol Fii¢Jay evening on-lifte lectules using Ihe
Society's Zoorn lacilify. A chan8e ol venue w05 nèce$5¥ry during ilie year dve io closure ol ovv
riÉinal meeting place. EiRhl rneelings were held with a iotal arteAd•nce of 218. There were s1¥
ovrin8¢ and six committee meeb"ogs.
b. London". Dtst to Covid rtsrriction5 and the difficully ol finding a 5Vitable venuc. followi￿ ihc closure
of Ihe RuEbv Tavern, Ihe speaker pro8ramme for 2022 was ie5rriacIJ to one meeting being held
Using Zoom. This talk explaincd how• ihe Firs1 Woffld War neei was kepl sopplied wilh coal from the
south Wales coalfield.
North £ost.. Six meetings were hold. Thtee ol these were held at our new regulaf venue 91 Yolk
Éxplore bbrary in Ihe ceniie of York. The remainin6 ihree planthed meetift8s were seriously impa¢(ed
by rail strikes-. one was Posiponed whrle ihe remaining livo were held by Zoom.
d. Nort4 We51.. [￿rIng 2022 Ihe North Wesl Group held seven l¢clvie meetings. The Group had scvon
walk5 in the area two day-iour5. We rneei in ihe acce55ible Friends. Nleeiin& Hovse *,hpre Ihè
siaff ale obli8ine and to-operaiive. The Group ? walks in rhe area of Warringioffl, Mow Cop.
Leigh, Whelley. Leyland. and Burscou8h Brid8e. where Ihe Group held lis tradirional pre-Chri5tm35
lunth. There was a rail loui ift South Wesl Lancashire and a visit io ihc Foxfield Railway. Ihe Group
hosied ihe CIFnker Lectuie ihis year which ètttscied 47 aNeAdees.
*. Sovrh ivest.. rhe Group is admlnisteied by a 5m311 ￿anning ieam. which orr3n8Ed a 2022 programme
of diversc. educètional and entenarning aC￿￿￿e5. Five remoTe ?ccess talks weri organisetl as well as
vislts and one walk. A well.svpported ¥esideniial weekend based on Frome in Sometsel inclL+dpd
V15jt5 to Ihe Someis+t5hire Coal Canal. Murtry Aouedva aDd the Somerset and Dotsei Raihvay
FlÈriiagt Trusl.
Wesf Mtdlonds.. Tlie lirst three ialks of 2022 were presenied using il)e Zoom lacillty followtd laier In
the veèr by three live 131k5 held oi ihe 8irmineham & Midland In5ri1uie. our tTrew vtnue folltswin8 ihe
closure of (he Briar Rose ionfe¥ence toom Allend3n¢p. ai ihe live mpering was about ball the
numbers attendifl tiJe-co¥id. N'o outdoor or prornolional evenis were held duiing ihe yeai.

10. Special Interest Groups ISIG$l
Pipelines ond Motetyiols Hondliftg.. Thi5 G¥oup was largely inèctive durin8 2022 due io the retiremenl
of rhe coordinators.
b. Rood Tronsport. Ihe Group's Co-ordina￿1. Pliilip Scowcroft. reiired durinc ilie ye31.' oui ihanks are
ue lo him for his work on behall ol the Group. Peier CfQSS-Rudkifi itsok uver Ihe role. 11 wos decided
thai, vihere35 previously new51eTie¥s had been issued as hard copy whenever sufficieni material had
been amassed. in futtsre material will be citculaied eleciionically as soon è5 recelved. 01 the
previous 56 n)ember5 of the 8roup. 48 have email addresses. A decision will need lo be iaken al Ihe
end of the year abotsi keeping in iouch vjiih the oiher eighi. Three Noies & Queries weie circul3ied
in 2022
c. Ati Tronsport.. Due io changes in personnel the f￿tUre ol this Group will be re¥￿Wed during 2023.
d. Eorly Rcilwoy5'. Al Ihe of 2022 the Group mailiiie list included 201 members. )3 01 wliom had
nevoly iotned the GroJp thai ye3r. One person resigned their membership in 2022 50 tliJi the
men)bership numbefed 19G. No new Occasional Paper5 01 Circulars were dist15b￿1etj this yea¥,
rneènin8 Ihèi Ilie number ol Ocia5iDfbal Pape15 Temains?67. A numbef ol members agreed io assi%t
With the RCHS Media Aichive in digitising rho Bertram Baxter Collettion.
e. Modern TronspoAI.. Foi tht lirsi time the Group has produced 2 papers on specih"c subjecis in
addit?on to ihL. four rtew51ettefS that appeared ihrou8houi the year. Other specilic papers are in
preparaiioii. Ilie inernbeiship ol Ihe Group has decrease¢ slighily to 70 wtih members leavin£ thL
Society. oi ihe Group. IhrouEh decease. Illne55, or personal choice, èlthouEh new members continve
to join the Group. All bvt one now rece4ve Ihe emèil PDF version of these publications. The lalk fgr
modein tFanSPOrt subjeci wès planned lor the 202213 seB3on ol iho We51 Midlands GfOUP 31 Ihe
BMI in 8iiminÈham on 18 M3Ich 2023. bul was pos¢por¢eO ihrou8h Ihreaiened industrial acnon uniil
the Novembcr moctin6 202314 sea50n.
Roilwov Chronology.. A roduction in coniiibutions lead io only 2 newslcners being produced
compri5inE 56 A4 pace5. although 7 mailing wcfe ciiculèttd with 118 cDpic5 of each ¢Yolivered by
ernail èttachmenl durin& the year.
An updaied vcision15.041 feplacing veision 5.03 of Mtchael auick's 'Aailwèy PBsscn8ei 5tarions ol
Great 8ritsin" was released durin8 Sepi¢mt>er on ihe RCHS web51te containin8 additional updaied
informatron provsdod by ihe 3uihof. Group membeiship increased by 5 fo a ioial ol i?? with 11 new
mcmbeis, 2 dcccascd and 4 lawed dvrinR the year
9. Roilwoy History Re5eorch.. Grovp membcrship ￿mained laigely 5tab"t witli 92 membors rccoJded at
tlie end ol the year1-21." 28 cmail circulars were i55ued during 2022. whlch incltsded I I 'ntstès &
ouerie5'12 01 whicli resulied in rnultiple responses from group membecsl. 3 repriniets amcles, 9
'occasional pèpeis.. and 2'Ivofks in pro8￿5$.. In April arsd Au8U5t material Irom previous c¢rculars
was tonsolidaied inio newsletters. which werp emailed to efoup member5 and archived io the
niembers. area ol the weljsiie. along wilh an updated cumularive index of articles.
Woterwoy3 History Reseofch..7here was a small increèse in the Group's membership durin8 ihe year..
ir now 5tsnds a1162. The eroup svbmitted 26 Noies & Queries. one Occasional Paper, two
Phoiograph Queries. live Reprinis and five Souices Papeis. The number of Noie$ 8 Quejies was less
11san in the lasi few yeaf5. probably due 10 LhÈ13ck of lacilities for tsriginol research tn record office5
cILised by the COVID pèndemic. aoih phoioE¥aph queries were idenrlhed successfully. Al Ihe request
ol ihe management comrrsittee, Ihe prècDce of pioviding hèrd copy ol ihe Group's iransacrions (fee
io mEmber5 ceased. and 82 members agreed io subscTibe. On this basi5, It wa5 decideij tliai il Was
linancièlly lea5ible. A th3r8e 01 £8 per copy was rnade, and the Issue broke even. Ihe Ir3nsactions
were also pvblished in the SIG se¢tion ol the Soueirf5 wEbsiie as betofe, lor ihose who did noi wish
io havè hard copy.

Inrernei DiscussNon Grotsp". The Iniernet Dlscusston Gioup conrinues io be 3ctiv?, POSlinÈ an avera8e
0144 messages a month. Mernbershlp is 66. twelve more than 2021. This GrDUP ts sponsored by Ihe
Society but is open io. and welcomes, non-mernbe￿ *.ho wish io join.
JJ. Other tharitable activities
3. Reseorch ond the ucodeniic community: The Society offers an 3nnLt?l awhid loi ihe besi paper. A.LN)O
10 6,000 words in lenyh. submirted on a subject relared to Iran5pori hi510ry by a person under Ihe
age 0130. with ihe winnii)g paper and any Dlhe¥s deemetl woilhy being published in the Journol. No
papers were submitted dufin8 2022.
b. Reseorch gronts.. Nogrants were madÈ.during 2022.
Oeveloplng a more effective use ol the Society's research fmd5 will be addressed during 2023.
12. Tran5POrt Ilisiory Book of the Yeaf Awards
The judges short_li51ed seven ritles ihis yea¥. drawn Irom Ihe 77 publications ihai received reviews in
the Jourrjal i55ue5 of July & November 2021 and March 2022. an increasè on the Previous year's f7Eure
of 69 bui still ljelow pre.pandemic levels. Two books litted Ihe 'othe¥ modes ol iransporl. cale80ry, one
ori an aviation topic and the other maritime, Ihough with a railway connection.
The'oiher modes of iranspoft. prize went to Troin Ferries oJEurope by Steve
8arron. The prize for Popular Transport Hislory went io Cothedmls olsieom by Ch¥isti3n Wulmar.
The R3tlway Hisiory priie was awarded to Tlre Greor Central Roilwoy.. whot reolty hopppned by john
Palmer which vias also awarded ihe overall prize lor 2022 RCHS Transport History Book ol the Year.
John Palmer and Sieve Bèrron anended ihe presefiiation event on 28 May 2022 in person whilsl
Christian Wolmar attended femotely VIJ 200m.
33. social Media and oihet publicilv
Rexu131 Fa¢¢book posis were made durin8 the year. These inclltded noD'h"cation of all RCHS Tneeting5
and walks ivhere the organiser5 had pro¥ided adequate descripDons ol the evenl. Details of new
Society pvblications were èrynounced. together wilh invitation5 10 lorn iheSoc4ety, and variou5 speclal
orfers.
Transport hisiory news item5 l¥om external source5 also occasionally posted 50 Ihal, in toral, over
100 rllu5traled posts were made in 2022. reachinR a worldwide aud+ence of l.ioo"lollowErs" includln8
in Ihe USA, Ausiral>3, India, and Egypi. Our rn05t-viewed p05t5 were seen by over 3.2DO people. Ihu5
increasing the visibilify ol the Society ro e￿1$rIng ènd poienrial members.
The ainker Memorial lecture was advertfsed irb Railway Magazine.

14. meMbe￿h•P
Membership lell by 3.2% dunng 2022. New memberships dtcfeased and boih lapsed memberships and
res48narions increased.
Total memberships on 31 December 2022
CateEOry
At End 2022
At End 2(12l
anEe 4ivring 2022
1474YiYidual Jnernber5hips
Jollll MÈrnbErship3
srudeni mornberships
Instituie of Railway Stuoiei
Complimeniary membeiship5
Toial Membeiship5
693
714
-21
51
20
li
14
-14
765
.2A
Changes During 2013-22
2022
2021
2020
1019
2018
1017
2016
1015
2014
2013
8egiAnine of Vear
793
776
795
795
824
825
831
New memberships
47
69
54
63
48
43
43
50
Less deceased members
.13
-15
-16
-18
-16
-14
-14
.15
Le55 resignatiDA5
-27
.18
-28
-29
-15
-24
-36
-18
less lapsed excluding those
V4ho subsequently paid
-39
-35
-19
-2?
-20
-20
-25
-19
Individual to Double & vice
erso
End of Year
765
793
776
795
795
799
824
825
831
tRSno longer prol'ide the MA ID AailwJy5 Sriidies and RCHS now oNtrsfree membei&hip 10 oll posigraduale sIL￿e￿i$.

l& Fln3nilal ic¥lrt¥
Ti* tieaiesi ¥fiecl go GÈiiÈiai l iiiidintoni¢ e>p*odiiuiE Ulilwytai enétd 3J>r LlÈcèrttb?1 ￿¥2. Na:
ThÈtfe?Itsg IIViaOCial Clitbteil￿VTr In ihè Aciouol< t5 f•li iii ihp mèitÉl vblup ol v¥r li1￿$1Men1{ lyul
¢110￿1( vJlucs InL%iiat¥ly EO IJD 4nd dowi) dèy by do. o￿lI￿E 202? Ilie ￿alUES by E 8.666. bui in
2031 vJiies I￿￿1 iipby tli.60> We bNiftlii ihe in¥tsinitiilS EtAI.CVXbiowhidK Ilii. el10 t)r?OJs. $0
e%'PTh ai ?)'. O¥•£ertil]er2V?2 t￿ey*ll*l¥￿Ith 1g.ttG Ihon Ilitr Ctpy. •ndi'*'e èrL t¢rvh.InE >St
Svb:ciiiilioii irl(ciiiÉ loi 4077 1 ￿.0￿5 èl￿ In4OnvL I¢ibVtrii￿ ￿n￿￿'[ iliQ Gill AidsLl*L'ni(' {4 6111.
Oih.'*u*rs bt¥￿￿.¢rySlr￿II11r io Ihp piewisieoi
Ovr Oilitl >OlllL&S 01 in£oillt artr Ill*htrlrani L4'enis. m(luOinG niei.IHIBS yr¢anKed Lliè Re6p4trnS. Ahd sales
oi Èool. I ht54' iiepbis ol iDrtyDE cenEtilFIEr*e ri.oio <fSO*jiitdc0514.*inTI aliliuush th￿ IiLIiiMs wiry fityni
year iOVÈ•r, Ih¢v do nDI IIo¥L a ÈV4lat *lfYii Ibè èIL¢k* oljWll¥J Iwèl C-Lptr¢Iditvresl￿Wfi inllif At(￿111
115
ICGn'. hnLf 5Vtak¢i tizvel Ipsis ivtrre il.36?I è nei e4gen•¢ ol jl.045. ihe tre•1 cndtd= )"
Oecfrriibet ?OJ9. Ill￿1351 yeai beloie Covia. 31 IMeeii*iV l J.713. conioèréd ￿.1111 rnQEIIDs
uljèljil coats iw fyoL J¢5$ Ih 20¢? Ih*i IA ihe siv*oy: ¥CvL.Ortfj.houl4 ¢o*)iIniie iol•Jll bEl*￿Se n¥llrli. )11
•iieii?b¥lS ilor.. è(LL'g1 tr4iThail toples
A £U)l iytiitli 116s p,Ioiii1 in i¢Clnl IL Trirs ts O?iik- ChhiLtri ￿hl(li ioi•1¢0 1805 iD ?07*, I￿1￿21￿R(05lI
ChJiiili'> ￿- Fctsiirfolh?ii b¢iil. lJvl F*4eir ?tyèilS(.*lI IIIS afc firtillki io CilH-f b•MI.I
I,i. rd'otikpll Cost (as? 211PI. knliitli IDW fillCalJfjO nl ihè NJni4t6siiy vl
J6. P13n. foj ?Ol>.
AMonÈ ifjf gYiai*¢ie5 IDr a¢1.￿0 Ih *tr23 diL'
.i¢r*prD%YnRilie ronimun¢cairnn olihi StKièiY iis#iombpiS1 irKludit*R h•1 npl i￿11t￿t￿lI 19111 50eial
pru* (Ibi ey•li. 11
Mi 4*1 Il¥B5¢1 irlW*'I
Li)13

THE RAILWAY AND CANAL HISTORICAL SOCIETY
Acom
an
Llmlted b Guarantee
Finanelal Statements
For the Year Ended 31 December 2022

Pa9e I
THE RAILWAY AND CANAL HISTORICAL SOCIEr
Acom an
Llfflited
Guarantee
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 OECEMBER 2022
Unresiri¢t*d
Funds
ResiiiGted
Funds
Total
2022
Notes.
2021
Income
Oonalions ana legacie5
Chaiitable acliTrrii*s
Inveskn*ni$
26.079
22.979
1.250
19
5.814
1.129
26.098
28,793
2,379
26,989
20.083
1,978
Tolal income
50.308
6,962
57.270
49,050
enditure
Chariièble aclfvilies
43.631
8.113
51,744
36.442
ExcEs5 of In¢ome over expendiiure
6.677
5.526
12.608
Nel Ilos$¢sl I gains on investments
Ufireali5ed Ikns5e5119alns
14.4011
14,2671
18.6681
6.802
Net mr>vemenls in fund$
2.276
15.418)
{3.142)
19.410
Funo balances ai l January 2022
75.518
58.S07
134.Q25
114.615
Fund balances al 31 December 2022
15
77,794
53.089
130,883
134,025
Thp Slal¢rn¢nl of FiThanoal Aclivilies all gains and10$5ts recogntseQ n th8 currenl and ￿ltiT years.
All in¢orne and gxpendilure derNè liom coh1￿￿￿9 acty¥iI*s.
Ibe Sialemenl ol Fuiantsal Actiwb"e5 also complies wlh the requittmenis lor an In¢ome and Expenditure Account
dei Ihe Companies Aci 2006.

Page 2
THE RAILWAY AND CANAL HISTORICAL SOCIETY
Acom
an
Ltmited b Guarantee
8ALAhlCE SHEET
AS AT 31 fJECEMBER 2022
Fix•d 89sets
Invest￿nIS
59.886
fj8.554
Curr•ni ass•ts
Siocks
Ooblors
Cash al b•nk and In harKI
10.700
1S0
68.741
7,174
1.150
71.915
11
79.591
80.239
Creditor5: amounts lalling du• withln
on• ye•r
12
18.594)
114.7681
Nel ¢urienl aS5eis
70.997
65,471
Totsl assots less cutfÈnt liabilitles being nel assets
130.883
134.025
Funds
Restricted ILtnd5
Unre5triCled ful￿5
15
53.089
77.794
58.5¢7
75,SIB
1S
130.a8J
134,025
The company is enlived to the eyernplion Irorn the authl req￿l￿nent containeLI in 5ecknn 477 01 Ihe Compar#es
Act 2DQS, for the year ended 31 December 2022. No member ol the company has depts5iled a noti¢e, pu¥$uanl
to sethion 476. ￿qUIr￿9 an oflhese ac¢owrts.
ThE.Yrusiees' resptsn5ib1l￿es lor EllSUi¥W Ih31 the company keeps a¢couniin9 iec4ids which wmrAy-wilh section
38e ol Ihe Acl and for piepann9 accounis grve a true anLI lair v¥ew of the slate of alfairs ol the company as
at the end of the financial yeai and of ils In¢oming resource5 and applicalion c¢f resources. In￿l￿Ing ils incorn
and expenditure. for the finanual year in a¢£ordance wth the requiremen15 01 sethions 394 and 395 anol wt¥ch
otheThvise compty with Ihe requtrèments ot the Crffipanie5 kl 20(￿ ￿l211r9 to accounts. so Iw as appI￿able Ip
th* cornpany.
These acetsuNS nave been prppareo in accorL1ance bvlh Ihe kwwsions applicable to companTres svbhi to the
srn*l companies, reglme.
The actounts were approved by Ihe Tfu51ee5 and aullKxized lor issue oft 271h May 2023
12
Oavit1 C Sn*
Trust¢0
Company Registration No. 0092231x1

Page 3
THE RAILWAY AND CANAL HISTORICAL SOCIETY
Acom
an
Limited b Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 DECEMBER 2022
Accountlng policies
Charily infoimaiion
The Rai￿8Y and Canal Histoftai 5ocleiy 1$ a privale cc¥moany hmhe(I by 9varahlet vcorporaied.in England
and Wate5. The ieg"sieied orrKe is 7 Gr05Ven￿ Gardens. W￿10r18. Lond{￿. 5W1W DAF.
1.1 Ac¢ounting ¢C*n¥enlion
7he a¢counis have Deen prepaieo ￿ acu)rOance Mlh Ihe ¢hariWs memorandum and articles ol assooalton,
Ihe Companies Act 2006 ènd 'Accouni*ng and Reportin9 by Charities= Slaiemenl of Re¢ommETrded Pracl¢e
applicab18 to chariiies preparing Iheii accounts in aGcordanGe wtth lh• Flnancl31 RpptyThn9 Slandard appli￿¥1?
I Ihe UK and Republ¢ ol Irelarkl IFRS 1021.los amended aCc￿ntir￿j perbd5 commencin9 Irom 1 January
20161. The chaiily is a P￿blIC Bentfil Enlily ¥Js Llefined by FAS 102.
The tharily has 18ken adi'anlage ol the provisi￿1$ in Ihg SQRP foF th3¥iliES ap￿Ying FRS 102 Vpdale Bu#el
1 mol to wepare a s￿leMent of Cash Flows.
The actounis have been wepared Ihe hlsiorleal cosl conveniion. The Prin￿￿ aCCoun￿n9 policies
adopled are Sel belch¥.
1.7 Going ¢onctrn
ThE accounis have been drawn up on a going concrrn ba515.
The financial slabilily ol Ihe Charity has been maioiained during 2022, building on lh¢ ch3rKJes nolEd in Ih? las¢
Annual Reptsrt. During 2022 the Ch#rily Shified ba¢k 10 some aspecls ot Ihe Pfe-pandemic delivery modEI. 5u¢h
as mote face 10 loce meelin9s. +yJl viith the 35S0¢13ted possibility o¥ k)sin9 the incfeasel reach of Ihe virtual
"meeiirtgs orgaThised durirMJ Ihe Cr￿C￿3￿r￿S pandemic belng re¢tsgni5ed. The Trusiee5 have ieviewed lh8
Inancial p054tion and anticipaie (hai Ihe charitywiil be able to continue io Irade ano meel Its liabiliile$ as ihey
fall dve foi ihe lorese8aWe Ivlure. be￿g a pei•)d of 12 montns from the sale of approval o( these finanaal
stalemenls.
1.3 Chariiable funds
Unrestricle¢ lunQs are available for use * the ¢hcie¢K*A of Ihe Truslees kn futherance of their chariiaNe
oblectives Unless Ihe funds have been designalerl lor olher purposes.
Re$lfi¢led funds are svbjecl lo specific condli￿$ b¥ donoes as lo hry* Ihey maybe Lfsed. The purpose$ and
uses of Ihe resirided fu￿1$ are oui kn the nole5 lo tht accounts.
1.4 In¢omin9 resources
Subsviptions 8nd Don3lions are recognFzee on receipl.
Income lax recoverable in relal¥oTh 10 intome feceived un¢Jer Ihe &"ft Aid fe9ulaiiLW Ls recogni5ed ai Ihe lirne ol
e don3￿"¢n.
Le9ac*s are recognised on feceipl w olhenytse rf the charAy has beèn nolilied ol an impendirKJ tlislribulfon. the
arnounl is known. and receipt is eKpecled.
Other income is recogniitd when Ihe charity 15 legally enlilled to it. alltl any performarKe con¢Jili¢Trs hav¢ been
met.

Page 4
THE RAILWAY AND CANAL HISTORICAL SOCIETY
an
Limrt d b Guarantee
NOTES TO THE FINANCIAL STATEME14TS
CONTINUED
FOR THE YEAR ENDE021 DECEMBER 2022
1.5 Expenditur•
Eipendiiure is reco9nized once Ihere is a le9al or ron5Vuctive oWiga¢ion lo make p3ymenl Io a IhirLI party,
il 1$ piobable Ihal selllernenl be required and Ihe amounl oflhe obligalion can tje measured re￿ably_
Al expendilufe is accounted IN on an a¢crual$ bast5. All expenses in¢ktdiry support ¢osls ar¥J
governance co$1$ afe aifocaied 10 the appI￿able expenditure hea1W￿5.
Iffetoverable VAT is ¢hayged agan$l ¢xpendiUYe heading lof whKh il was i￿￿11¢1.
1.6 Fixed a55el inv+stm•n15
FixeLI asset invesimenis are inilialty mea5Uted ai transacb.on ano ate subseouenlly measured ai fair
v*ue ai each reporting dale. Chan9e5 in laif value are recogrrised tn nei incorneJiexpen¢rtu￿I for Ihe
1.7 Flnan¢ial Instrum•nts
The Ch31ily only eniers into basic ffftanci* Ir6lrumenls Irans3ciK￿s thal resurt in the re¢o9nitson ol
financial asseis and liabililies like ira(le and olher debtoFs and c¥edttors. bans from banks and Oihtr ihird
parties, loan5 to relaled parties 3nd ￿VeSEr￿enIS in non-putlable ordinary shales.
FirsatKial assEls In3t are mtasure¢J ai cosi and a￿￿)nL$ed cosi are assessed al the end ol each reportkn9
period lof obie¢iive evi%YetKe of imparfment. Ilobieciive ev￿ler￿ glinpaiiment is fovnd. an iM￿1rmeN
loss is re¢ognt$ed In piofil or loss_
Finanual a55elS and liabilities are ollstl ano Iht nei amwni ￿pOrte{l in the 8alarte Sheei when Ihwe is
an enforceabje right 10 sel olf the recogT¥sed amounis and there rs an ￿ten1￿)n io seKle on a net ba￿$ Of
to iealise ihe assei and senie ihe liath.ly simuiièneovsty.
1.8 Deblors
Traoe and olhet de￿Or5 are te£¢#3nised at tho settlemtnl amtsmi after any discount offe¥ed. Piepaymènls
are valued ai the amouni repaid net ol any trade discoun￿ due.
1.9 Crgditors
Short lerm ciedilors are meaSu￿d al Ihe Ifansaction prtt.
1.10 Stocks
Stt<ks are ol Books lor sèle and are s￿led ai ihe lower of ￿$1 and eslffiated se￿1￿9 price.
1.11 Cash and cash •quivalents
Cash and cash equivalenls indude cash in hand. deposils held at cau wth banks, other shtrt.ierm liquid
¥eslment5 wlh orvJinal malurilies ol Ihree months ￿ less.
ritl¢al accounling e5tim*ie$ and jvdg*ments
the applicaiion ol the ¢harity'$ attounling poJic*s. the Trusiees afe iequired lo makE iudgèmenls.
e5bmales 8nd as5umption$ about the ¢arrying amounl ol assels and liabililvès that are not reasjify apparent
Irom olheT source5. The estimates and associated assumplions are based on historul experiertce and
other ladws thal ère consksered lo be relevant. Aclv31 resutt5 may dilfer frorn these esiimales.
The tslirnate5 and assumplions are iewewed on an orooing bags. Revisws ¢0 ac¢nuniin9
esiitaies are ￿￿gnised In the peripd in b%*ich the estimBle 15 re￿Se¥ where the rewsi¢n alfeeis only that
per￿. or in the periotl ol Ihe revision and lulur¢ perir>J5 where Ihe re￿slOn affeG15 both current ané lulure
peric4Js. The accDun15 ¢0 ThDt m)d￿de any accounlyig esliMa￿S.

Page 5
THE RAILWAY AND CANAL HISTORICAL SOCIEr
Acom
art
Limbted b Guarantee
NOTES TO THE FINANCIAL STATEMENTS
ONTINUEO
FOR THE YEAR ENOED 31 DECEMBER 2022
Donaijtyns and legaciès
UnrestrielÈd
Restrictod
rotal
2022
Fund5
Fund$
2021
Subscripv'ons
Gitt lax recov?r8d
OonalK)ns
Legac￿$
20.076
4,618
1.385
20.076
4,618
1.404
20,415
4,410
1,164
1,000
19
26.079
19
26.098
26.989
In 2021. ol Ihe totsl don3liorts and Seg3ciès. 126.964 was from unreslri¢leiJ funds and C25 was from re511￿le
funds.
Income l¥om ¢harltabl¢ acilvilies
nieslrl¢t¢d
Funds
Rostricled
Toial
2022
Total
YJ21
Funds
Pub￿¢allors income (See nott 14)
Conlerence income
Evenl inctsme
11.986
11,986
5,814
10.993
14.796
4.658
629
5.814
10.993
22.979
5.814
28.793
2Q.063
In.2021. of Ihe loial income Irom charitable %tiviUes, £15.425 was Irom unreslricled funds and £4.658 was
feom itSlri¢ieo funds.
Inve5trnenl income
Unrestri¢ted
Funds
Restficled
Total
Total
Fund$
2021
2021
ve$im8niS
Cash
837
413
.129
1.966
413
1,973
1,250
1.129
2.379
1.978
In 2021. of Ihe total investrnenl Inc0￿e. 1837 was Imrn unreslricled lund5 and £1.141 was Irom teslricled
lunds.
Trugtees. remuneralitrn and benerrt5
No TtUSlees' iemuneraNon or other benefrt5 were paid l(Y Ihe yeai en¢kd 31 Decernbei 2022 nw for Ihe year
ended 31 Oecernber 2021.
Trust¢¢s' expèns¢5
No Tru51tes wer• feimbu¢seLI office expenses C0S15 dum9 Ihe yeat12021 . £855).
Branches
The finonclal acllviiles. asse￿ and liabdiiies ol all Ihe chariws bran¢he5 have been inclvded wlhSn thes8
at¢ounl5.

Page 6
THE RAILWAY AND CANAL HISTORICAL SOCIETY
Acom
an Llmltedb Guarant
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YEAR ENOED 31 DECEMBER 2022
.¢harllablo expendilur•
The charlly undertook aclivi*s in relation 10 Is tharitst4e wrpjses th the yearas follL)W5'.
Unrestrltled Resirlcied
Funds
Funfls
Yotal
2023
Note
2021
DITe¢l ¢ost5
Journal produclion and tlislribulion
8ulklin production 3nd disiflbvii
Book pxoduclion and distribut￿n
C￿ference expenses
WÉb expense5
Zoom expense5
EvEnl expense5
Speclal 9rtyJp$
Book Awards
Pl¥Wraph5¢ tolleclion expenses
11,828
3.142
11.828
3.142
9.584
6.913
283
144
10.757
12,065
4.047
8.162
3,621
277
382
629
64
900
595
14
6.913
283
144
10.757
154
1,200
1,200
357
357
36.249
8,113
44.362
30.742
Other ¢harltable ¢osl$
Advenisin9 ènd pubr￿ty
Meeting c0515
8ank Chaige5
InsLtrance
Sundiit$
270
270
2.401
703
282
1,576
2.401
703
282
1.576
529
861
1.466
S.232
5,232
3.852
Gov¢man¢e costs
Accwnlancy WKI wiew cosis
2.750
2.150
.1.848
Total Charitabl¢ ¢*pertdilur
43,631
8.113
51,744
36.442
In 2021.. 01 the tolal charilab￿ eipendi14we. F31.921 was expondilyre Irt)m unie51ri¢led Ivnds and £4.521 was
expen￿lI￿re from re511icled lunds.
In¥¢strn¢hts
2022
2021
Thv invesirnent5 ale UK Unil Trust$ establishèd lor use by Charlti•$.
Balance al l January 2022
Ad¢ilions
(Losses) l Gairt5 th Iho year- unrealize(I
68.554
61,752
18,6681-
8,802
Balance è131 December 2022
59,886
68,554
The inve51menls are shown 31 markel wabje and Ihe a99regaie markel vahJ8 al 31 Decernb8r 2022 was 59,886
12021 £68,554).
Hislofical Cost ai 1 Janvary 2022 and 31 DKernber 2022
So,￿0
50.000

Pape 7
TAE RAILWAY AND CANAL HISTORICAL SOCIETY
Acom
an
Limited b Guaronlet
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2022
10 Slo¢ks
2022
2021
gooks held in sio
10.700
7,174
11 Debl¢trs: amoun1$ l•llin9 du• within one year
2022
20Z1
PIEp8yments
150
1,150
12 Credstors.. amount5 falling dut within one year
2022
2021
A¢ciual$
Derer￿tt Income
S¢Jbs¢ripiion$
Olher crtditors
2.000
1.8fr9
5.221
1.373
7.654
S.314
8.594
14.768
Deferred In¢c*me
Oeferred Inc£￿ al 1 January
Resource$ deferred dvrirtg Ihe year
Amounls released Irom previov5 years
7.654
5.221
17,6541
7.887
7.654
17,8871
Deferred sn¢tsme al 310ecember
5,221
7,654
Svbscrplions are amounls iereived beloy8 31 De¢•mber lor lowing ￿lendar year

Page 8
THE RAILWAY AND CANAL HISTORICAL SOCIETY
Acom
an
Llmiled b Guarante•
NOTES ro THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YE
R ENDED 31 DECEMBER 2022
13 Flnan¢lal In$irum•nis
2022
2021
Flnèw81 assels me85vred ai iait ¥èlue Ihrw and expe￿5111re
Flnancial assets mea5ur6d ai e051
59.886
68.891
68,554
73,065
128.777
141.619
Financial lia￿1111¢$ measvred al ¢osl
18,5941
114,768)
18.5941
114,7681
Financvdl as$8ts measured al lalr va￿e 1hrOu￿ inwne and eyndiluie ¢ompf5se Tnvesirnenls
Ftnènclal asse￿ measureo at ¢osl com(xise bank balaxes arKI deblors
Financial liabditles measwed ai cosl ¢ompris• ol ¢rediltstS
14 Pubueaiion Fund
2022
2021
Wilhin Unreslr¢led Chaiilable Acimly income and expendilvie are Ihe lolowng amounis
80gk Sales
Dcn31ton$
11,920
66
12.291
505
2,000
Sundry Incorne
71.986
14.796
Dedvcl..
osl of S¥les
Opening SioGk
8ook Produ¢lion and Liabiiiiies
7.174
11.098
5.278
7.592
18.272
10,700
12.870
7,174
Dedu¢l= C￿ls1ng Sio¢k
7.572
1.865
5,696
2.186
280
Oislfibvlroft Expen5e5
Pook sioiage
8ank Charges
147
9.584
8,162
lThcrease In Putyicali¢)n Fund
2.402
6,634

Page 9
THE RAILWAY AND CANAL HISTORICAL SOCIETY
Acom an
Limlièd b Guarantee
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YEAR ENOED 31 OECEMBER 2022
15 Mov¢mtnt in Fund$
Expendilurè
arbd Losses
At 01.07.22
Ineorne
Transfer At 31.12.22
R¢$tri¢ttd Funds
Res8ar¢li Fund
Cgnfeifrnce Fund
Beok Prize FLV
4.244
20.933
33.330
19
5,814
1.129
4,263
19,834
28.992
6,913
5.467
56.507
6.962
12.380
53,089
Unrtstrlcted Funds
General Fund
Publ￿allon Fund
Legaoes Fund
26.443
30,442
18,633
38.322
11.986
38.448
9,584
26,317
32.844
18.633
75.518
50.308
48,032
77.794
Total Funds
134,025
57.270
60.412
130.883
16 An•ty$ls of net 4sset5 between funds
Unweslrielèd Rèstfi¢ied
Funds
Funds
TDlal
Funds
At 31 December 2022
Inveslmenis
Cuirtnl a55eis
Regi¢)nal bank and Cash balances
Olher bank and cash balance5
Oiher ¢urreni as5elS
Creditor5 due wrilhrn one year
28.499
31.387
59,886
15.661
31.178
10.850
{8,594}
15,861
52.880
10,850
18.5941
21.702
77.794
53.089
130,883
At 310¢¢emb¢r 2021
Investrnenis
Cuyrenl assels
Re9icJnal bank and cash balances
Olh£r bank and cash balaoce5
Oiher currertl assets
Credilors tsve wilhin one yezr
32.900
35.654
68,554
15.897
33.765
8.324
114,7681
IS.897
56,018
8.324
114,7681
22.853
75,518
58.507
134.025

Page10
THE RAILWAY AND CANAL HISTORICAL SOCIETY
AGOM
an
Llmiled b Guarantèe
N07ES TO THE FINANCIAL STATEMENT5
CONTINUED
FOR THE YEAR ENOEO 31 OECEMBER 2022
17 .Rtgronal Income and E¥yndilute
2022
2021
Withtn UnreslrKted Chariiable klivlty in￿ffle arKI e¥ynd41ure are Ihe f¢kning amounis Ifom the RegTronaS
,kcounls
Le9aCy
Donations
Gifi atd tsx recovered
Salgs of Books elc
. Event Incomes
It)1gresl
1.048
81
73
386
87
629
13
3.219
2.103
Deducl..
Meeting fODm c05
Speake¥s expenses
Oihof Eveni Cosis
Group ONicers Expenses
Sunt1ries
7.011
271
1.675
44M
185
629
45
294
3,259
1.303
Svfplus
(401
800
18 Rel)led party disGk15urfr
The Tw$iee5 1¥'efe Ihe onty Rela￿d Pan*5 dur#￿ the yeai e￿ed 37 Oecemter 2022 detsils ol
1¥8nsaclions are shown its Noie 6.
19 De$l9nated and Rest¥l¢t¢+J Funds
.Oeslgnai¢d Funds
Publicolion Fund
Thi5 Fund. which is not resirlcled, exisis lo the Socleiis of bths.
Le9acy Fund
Th¥s Fund consisls of proceeds ol k90¢ies tecewed by the£ha¥ity Ifoffi mtmbpis.11 is a reslricleo
fund and can be used loi apptopriaie thariiabk PWPD5es •1 the ¢JisCreli￿l ol Ihe Society.

Page'11
THE RAILWAY AND CANAL HISTORICAL SOCIETY
Acom
an
Limited b Guarantee
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YEAR ENDEO 31 DECEMBER 2022
19. OeslgAaied and R¢slrl¢led Funds {c¢ntd..I
Restii¢t*d Fund5
R¢$¢ar¢h Fund
Ttws Furyo 15 fingnced by ¢onaiions Ifcrfn meffibe￿ arid exlsi$ 10 provlde financial è55151ance to persoAB
undertakln9 reseafch th sulla￿e fields.
Conl¢ren¢e Fund
The Soctely has ieceiveo rnonies Irom olher bodies so Ihal the ScKiely laka over the admln4$tral(on.
INOT Ihe 01ganisalionl of s¢)me Earty Railway Conlerences. These amounis ale restr*ied lo Ihal purpose
and if the Soc4eiy WislLed lo slop 3dminisiering the confere#ces, they ￿￿Uld need ID be liansferred Ict the
$￿CeSs01 orgardsaiion. Any syrplu$ Incorn? from Ihesg ¢onference5 is added lo the Fun¢.
Book Prize Fund
Thi5 Fun(¢ is finanGed by the le9acy Da￿d Sl John Thomas. The capital end incomè tsf the furtfl may
onty be used lo fund Ihe anDu31 prize5. The 8dmlnislralfve expenses involved are bomè by Ine
So¢ieiys General Fund.
2Q Capiial
rhe ch3rily is limileL1 by guarantee. Every member ol Ihe chariiy undertakes 10 9uaianiee Ihe liabikiies ol the
charity in Ihe eveni of lh8 53me being %￿Und up ￿[h Bucty an arnouni as may èe requiied bul rtol exceeding £1,

Page 12
THE RAILWAY AND CANAL HISTORICAL SO
IETY
Acorn
an Limiiedb Guaiant
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDEO 31 OECEMaER 2022
Indtpendenl Examiner's Reptsrf lo the Trusiees ol Railway and Canal Hisiolical Society
I resjwl lo Ihe Tluslees are d150 Diieciof5 for ouwpose ol ¢offrfwy- L7wI on my etsmiD31iOTr 01 Ihe financi01
siaiemertis ol The Railv4ay an(1 Canal Hisioi?¢al Swely I'lhe Chaiiiable Conipany or Ihe Ch31ily'l for IhE yeèr ended
31 Oecembei 2022 IhE Slèiemenl of Finènoal Acbwlie5. Ihe Balance 5heel ano idaied noiès.
Trus report 15 made 501ely ￿ ine Chairiy $ Tr&siees. as a body. in accordarKe ￿1h 5e¢iion 145 of the Chaiiues Aci
2011. work has been Ltndorfaken so Inal l rnx3ht slale lo the Chafity'$ TNSiees Ihose Thiiers l arn f8QLiieo 10
ale its Ihern In Ihis report and lor no nlher puipose. To Ihe ful￿$[ exleni ￿rMIlled by lo¥¥, I do nol accepl N assume
iesponsibilily 10 anyone Olhcr than rhe Charily and Ihe Charily's Tiusiees as a t¥)dy, my work. foi this let￿rt, nr foi
Ihe oplnions I h3ve lor￿￿￿
Resportsibiiiiles and bas16 of feport
Ag lh¢ Truslees of Chan￿*{e Company you are ¥esponyble tne prepBrai*)n of the financial ￿aleMen15 in
accordance wilh Ihe requiiemeni$ oi Ine Compor4es Acl 20rffj I'lhe 2Cth Aci'i
Having satisfied mysell thai ￿e fK*noal *atemeNs ol ￿ Chariiabie Company ath iequ¥Ed ir) be au¢Jiled u•Oei
P¥rt 16 of Ihe Act al￿ are eligible loi i1￿epeA￿l examthalK)n. I rewjrt ￿ ie¥ecl ol my exarninalion ol the Cnahiablt
Company's financial siaiemenls caicieo oul under seclw 145 vl Ihe Chari*5 A¢1 2011 I'ilie 2011 Acll and in
¢•rrying my examinaiii)n I nave WoYée(l an Ihe ap￿￿ble threcihins9i¥en by Its Charify CommiswoTh undev
Section 145(5Xbl of Ihe 201 I A
An independeni examinaiion does not ifivdve gait*rin9 all the ewderte Ih¥i wouks be ￿QuIre0 in an audil and
consequeniiy (loes n(x Lover all the mailers Ihal an audiior COns￿etS IA 9lving ihe¢r opinion on Ihe fin3nc&31
8iaiem¢nis. Tlie planntrng and condlici nf an Owlil go*s beyond Ihe Ivoilpd assuran￿ Ihai an independenl
6xamlnaiior* can ptowde. Con$8quenity l expre55 Owion a5 lo whBlhor lh8 fNiancial 51alemenis presenl
a Irue and view an¢ my repofl Is imiietj lo Ihose specifK matters sel rAJl In lh8 Ind¢Dendenl Examinerfs
Sltiemenl.
Ind•ppndeht ExaminEI'S SlatemEni
I haye compleied my exarninai￿n. I conflrm th31 ￿ maieiial maiieis have C4yne its my aiienion in cOn￿rI10n *71h Ihe
exaftMn¥iion oi¥iThJ me cause 10 be&eve thal tn any maierial [esp￿l-
lil a¢couniing fecoids Thwe not k¢pi in respe¢l ol Ihe Chariiablo Company a$ iewiieo i>y seEli(￿ 386 of ihe
2006 Acl-. or
Iv) the finanoal slalemenls 00 nol accoid %*ilh Ih06e recoro5.' or
Iiiilihe financial slaiemenis *Jo 5701 Comply Wilh Ihe accounlwL9 re4￿11￿men15 gf seuion 396 of Ilie 2006 A¢1
Olhei Ihan any reswtremenl thai Ihe f+nancial si8iements a 'liue orKS f#ii view 14hiEh & nol ? maller
Cons￿lere1 as part o18n indepen(lenl examinalion..
livllhe fin3nc*l siaiemenls have been pr¢p3rel Ih accordance 44•1h IhE melliods aott princwes ol the
Sialtmenl of Recornmended Praciice fw accounling and rEt*rtir*J ty cnarilies appI￿abl} 10 ¢h8rilies
preparing Ih¥¢ accwnls in a¢cordan¢e Ihe F¢nac¢iai Rep￿1￿9 Slantlbid aP￿IcaNe iry Ihe UK ano
Republic ol lieland (FR5 1021
I h8ire no con¢ein$ and have corne acros5 no other mètlers in ¢onneciiM wiul Ihe examination lo w￿h aiieniion
Should be (Jraivn in t￿$ report in Drd•r io enèble a proper undersigr￿i￿j ol the final￿al Slaiemenis Io De rexhed.
lim￿hY O'connor FCA
For S8 Audit LLP
830 The Cr85C8ni
Colcheslct Business P•k
Colch¢slcf. Essex
C04 gyp