2024-12-31-accounts

OMrityrryi5tratsJn rnrrkn2715B9fE￿8Iandand Wa￿) OIZ61D79 EAST SOMERSET RAILWAY COMPANY LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 OLDMLL

EAST SOMERSET RAILWAY COMPANY LIMrrED LEGAL AND ADMINIStRATIVE INFORMATION Tru5tee5 RC Ma5rer5 CRc￿ke CE Hopknns DRSIF P4 J Dixon Wca IApOnted 22 Septrmbw 20251 Ckirlty nUmbEr1E￿landa￿d Wae51 27158_G 01261079 Aeglstered oflk Cram￿re Railwtystatm Cranmwe SHEPTON MALIEt Old Milknountsnty knmited S￿￿)pbro0k House Catthal AvÈnkne WELLS BA5 IFD Ba￿￿r$ IWT5B 24. 26High Str*Èt WELLS Soli¢itor5 thubb ￿lIe1￿ bmital 7 UatkEt Plac WELLS BA5 2RI

EAST SOMERSET RAILWAY COMPANY LIMrrED rru5tEe5' fEPWt Indepe￿eThI examiner'%reprKr 5raremento*financiaIao￿(EIes lancetheet Staietnentof cèsh nr>wS NotÈsto t￿￿rtant￿lI stste￿n[S 9-23

EAST SOMERSET RAILWAY COMPANY LIMrrED TRUSTEES. REPORT IP4CLUDING DIREcfoRS' REPORTI FOR THE YEAR ENDED 31 DECEMBER 2024 The trusieespre5eDt theiannual reyvxtand fiftawial 51ateffleTr15forihe yearernled 31 D￿rnb￿2024. The accounts have bEen prepared in aEcQrdanteY￿th the3CCOUlltirgwli(ie5setout n Mte I fothe 3ECDuntsand c0tnp￿￿ryth the ch3rity's8owern n8docum￿t. th8c￿npan￿sACE 2￿5 and"AccounThngand Ryrrin8 bylharilits. 51atemÈnt ofRécomfflendEd Pratrice applicableto ChFnr￿WeparlngEheiracco￿n￿n a[(wd￿Te￿th iheF•naTrrial Rwtyng sta￿￿1 applicab￿ inthe UK and Fepubl￿oI Ir4Bnd IFRS 1021" leHertwe I January 20191. obler￿VeSand activllle5 The Jrinule£ctivities èffwl chant3bleobJeciNesof the East Somerser Rèilwèv Companylèlso krKMI as ESRI è'e tD weserwe. operate ènd exhibilfor puNiC benefit lorethcatKJnal3ndinStruCtK)na wrptsse5￿d tostimuMe and enU￿rate1rtteI￿$t insteamènd other lilwBy locomotives. rollingstock andothei macbineryand e¢uiptynt olhtsiotical iniesL The Dwrd SUbsid￿ry CCpMp3ry. cra￿m￿￿ ftlwayC¢Thpatsy ￿M￿¢￿PeraTe￿¥ I￿alIsh￿￿ anda restaurant. Italso r￿n￿ Girria8elNerhaul and rePairt￿S1n￿ Cran￿￿￿Trai￿ Mainte￿1nce ￿r¥￿e The tiustee5have paid due rEgard tog￿l￿arKe￿A￿d tythE(haWi¢vC￿rn￿￿Q￿in d￿l￿What4￿1￿￿eSt￿cha[1ty5h￿1d undertake. The trusieesconfirmthat theyhave￿IerrtI totTregu￿arKecOnta1ned ill ihe CharityCfjmfflr5y￿,Slener31gDdaThce on PU￿ Lwefii when revkwn8 Ihe charit¥'s aims arwj otyeawes in p￿nn1￿8￿ule￿¢IMtÉs. The di'ernois are Yery£raiefJl tothemapydedicaTed anden'.bu5W jCOivnTeer5Withoutwhw the failwaycould nLfunrlion. The ESR hos Over1￿ ￿lunteerS of whom 50work I￿￿larI¥ at Rai vlay. Thisequates knapwoximate'y 13-16 lull rime staff. All areas cl the Rallwty arecovered bYthesew)￿nteÈrS asgstirin MarbagemenLinfvastructuremaintenarfe. OpÈr3t#)ns, Track. S & T. Workshops. s￿)p TithetOFfice. hie￿Ments4￿rf The ierila8e railway ￿tt￿rha& againstrLyW dunry th￿ pemd. E5R has ?￿DrMed well. main￿h￿l￿￿￿ by publicity In gxial media a￿1 pres&4f5iior nurnbeishave I￿rease￿ ¥¢ithalar8ewoWt￿Trd￿ io in￿eased dinifjg 5etWTr5 whKh isavaluable income ￿reaffl Operatlon Ofrihecaléu￿CO￿ess￿?nJrraTrsernenlthtsb￿.È￿tÈPl for irtomÈfrith tontrxt locomo￿t0Verttaul y￿￿h￿l1 t￿sÈ during thÈ yÈar eio rhe need to overhaul an ÉSR lorofflorNe. Fund5 wi111heref￿e be redLKed for rnainteffta￿￿aD# irnprove￿enrS. hence 15 ID Jlaceio furthpr manaEeexpenrfiiWeatcording￿.WeJ[e•wareihaigraw fundiryrw ￿ avala￿ean￿ inte￿j to CQD5idei thi5. The Triin 5ourceoffuTrdin8isihro￿h operiw% in •th￿d(w￿l¥￿S{SQmew￿thg￿IaldI and srnall8rants yjywrtthe main sour￿. ￿1 0￿01r￿ Irrwovementsaregeneralty fUnl￿ b¥ surplusi￿rne. At thislimè rio major projects lathÈrth3ntTrè bD¢4Èl èrÈsuf¥Értiofvndratsiw Asatharitywedts Thot directy s￿￿1t donatK&ns and ha¥e never enploytd direct￿orb¥ 3rd partyfuthlraisers. Gr4n¥concewn Alermakinzapwoprlateenquir￿5. th@Iruttees have a ieastyhab￿￿￿p￿0al￿nthatthÈ charity hasadequate resourc&stocOntin￿ in opeyaiionGI e%isierKe ￿rthefore5eea0￿ fvrU￿. Forthi5 rea50n chwrfc￿tinUecQaJO0tr￿ 8(Thll8c0￿￿M ba515 inpreparingthe rinarKial 51atetnen15. Adcp11￿ DfihegoirE i￿￿er￿ba￿SCan bE fDurwJin LheA￿0Ur1Ir￿ PDlitFeS.

EAST SOMERSET RAILWAY COMPANY LIMrrED TRUMES. REPORT ICOPfflNUEDIIINCLUOIP•G DIREcfoRS' REPORn FOR THE YEAR ENDED 31 DECEMBER 2024 The'eser¥e50f the charStyth3t aref￿ av31Litrle fort￿ use attheyearendare xfrAItrs." Total luDds olthech3rity LÈSS.. 760.337 715.250 Desigmted funds UirestrictÉd fund5 on￿ rèal15ab￿ On distyTrsal of fixÈd assèts 166.aX)I 166.0001 1542.5661 1464.8141 I5L77I IS4.43G The Easl SornÈrset Pai￿aY eoèid underttands thè need forthe finantsal Stsbilityaf=FÈcharity with the maiThtenafiteof uildings. peTrranentway3nd rDllinE5tock. The in10￿e0¥the chatTtyand il's sUb￿diary ha5 Increased ir recent yE3r5 andthe ba-kloE of infr35truciurE iepair5 ha5 beEn reducd Substantia￿. ThE BoaidmntinuE5to bpkfot W3y5to e5tabli5ha IonE teirn reserye fvn¢. The triJ51eeshavea55e55ed ihemai(Y rthtt>whrhthethariry15exr￿l. andaresatr5th that 5Vtemsare in ￿￿Ce ro rriiligaie exposuretotFe rnaior rs￿. Plans forthefvture The Railway has plans io expand iys Operatw￿5 and ro allraa ¥1￿10￿ There are e￿ensive plans on imprLwements to Following independent ajwce the Tru5rees have apreed io nake sor(e (hawe5 to the cornmercwl 5trUCture of the Charitv. From I Jbnuaty 2025 the trad nE aCt￿ltS of the thaiity will be tarried (xrt by vtholty OwThed ￿bs￿lary Cran￿￿ Railway Company mited. Thi5enab￿5 B reduciiDnin f￿a￿t￿l(ha￿e5a￿d ￿rn￿lfied rep(￿1[¥0[ fina￿￿1 res￿￿ ctuie. marayn Tho chatl'.V IS a tornpanylimiiod by 8uJranieè incrpr)or- -fed a7d reyterejas a tharity on 21￿￿ I976.T￿¥￿2r3ntorS9Ié t M￿mberS t0th￿ extent olÉl each Th&8ovemirrthcumErbtsof thecharnyarethe m￿M0[and￿MandArtKle0f ￿sD[lat1￿ dated 2 l Ji nè 1976. A&arneTrdpd byrtsdutK￿ 13 May 2017. The ttuslees¥Jh03re also the dirertorsf￿t￿ryrp0sé of ctYnpanyLiw.and who durin¥fvVeara￿4 up tot￿d31￿0f gnafvre of iho linancial sta￿M￿rtsWQr￿'. PC MasteT5 R It￿kÈ C E Hopkins Sl Masters (Reswed 22 September 2D25 O Rsharp E Lavender l DIAon WQtr 225eptember2Q151

EAST SOMERSET RAILWAY COMPANY LIMrrED TRUMES. REPORT ICOPfflNUEDIIINCLUOIP•G DIREcfoRS' REPORn FOR THE YEAR ENDED 31 DECEMBER 2024 The tW5tees'are aop¢yntsd at the annual geTreial rneetin8bythe rneffknws.Ihe ifuSt¥smaYapFont new trusieesbetween annual general meetings bul suth atwintmeDis befatifie(lary DextaDnualgeneral neting. Trustees seèk tDfill skill $apsasfar as fornè boartl membets.Aa charrtythe ESR maintains a boaid of trbstees and Op￿ateS in line with re(ommendedprathte. The ESR protmte5 a ￿011(¥0f inclu51MtywhKh 15appl￿d iooui 5tsff.wAuntEet5andM5iior5. We invested in exter￿lt[al￿1llE in relation toyvlnerab￿pewe. A5 an operat￿nal raI￿ayth@ ESR ha5to wovide a board 5tnKfurethat fdhls ti50bl¥atK>n5underfv Transwrt & Warksjltt. The dayto day mana8etnent of the rhaiity i51kted 7oSmoTh Bwdin& bLtyTre55 Thwnager. atem￿￿ ofifuses' The tiustees, wkno a￿ also the dirert(rfsof Eèst Somerset Rai￿0V(aMpanyLimitÈd forthe pJrrM)seof comoanylaw. are reSp￿S7￿1e lor preparing theTnJ3iee5' Report 2nd the lin3n0alstaten￿S in xcordarKe￿th a￿l¢a￿e ￿wa￿d United Kinidcth A¢￿￿￿tIn￿ Stsrtdards IVAitod Kingdom GÉn¢i•l1¥AttrptedJ¢¢ourtti￿Prat￿￿1_ Cornpany lawrequires the trnsieesloprepa￿fi￿nCk1I State￿1￿￿tsff￿e3th finarKial¥earthithw atrne and fairwewof thestate cl aflairsolthecharityand of t￿InC￿lingreS￿rce5 and ap￿￿arIon of re￿>￿￿te5. Indudir4thewKome and expenditu￿, Dlthe Chantab￿ compaftyfor tharyear. In preparing rh95e Pn3llCial sLitaM￿mS. thetrilreé￿ are requredto.. -5elKI 5Ultableaccounting polK e5 and then aM￿Yth￿- (W5￿tentlY. -ob5etve methodsa￿d prIng￿e5 Inlhecha't￿So￿p.. -makeiudgemEnts atlmare5t￿t are iea50r.abk pryde -slatp whprhprAptdKaNp IJK 1r￿￿￿rrIl￿ %tarMlhtds PLH¥p hppn fvbl1￿f￿. kjanymalprial dppArtiJresthsrkkspd Ande.xpLHinFxl in the financial statements. and -prewre thefinaKial srat￿?enls trithe8thngcon￿￿ b3s1sufft￿s itl5 inapprow4ie ro pre5Urnthatthetharity WillcoThtinue In Tho tiusloes aro resprpn&bi Té for koÈpi8adoqLpatèact￿￿ti?8.2C0'￿sth2f￿￿￿sè wth ￿sOnabl￿atcuracv at any11￿ the fIn￿r￿ 31 of tFecharityand ￿nab￿them..Q ensure thitthe finanual 5f3tements com￿Y￿17￿ the towanie5 Act XK16 They are alsOrE5PDi￿b1efOr 53fé8uardin8the a55etsdthè thanty3ThlhEnteftsrtaknn8 rel￿na￿e %tq>sfOrth￿ yevention a etettion of Iraud other itr08u1arit￿. The titsstÈÈs' appThÈd b*thÈ Boardof T￿￿te￿￿ D RSfr3vp Trustee Dared.. 21 October 20Z5

EAST SOMERSET RAILWAY COMPANY LIMrrED INDEPENDE14T EXAMTr4ER'S REPORT TO THETRUSTEES OF EAST SOMERSEf RAILWAY COMPANY LIMrrED I reportio t￿truSiee5 ￿ Ynyeyaminaiwjn %thiwentsof Ea51knersrf RaLlway Comgany ￿n￿led Irhe (haiityl for the yearended 31 December 2024. Ae5poDsOJlth4nd ba￿sOf re A5 the iru5teesolthÈchèrity land also it5directtrs for thEwp)5e50f c(fftpany lawl.w are respon￿￿2 Iorthe piepara￿A of the financial stètemÈntS il atCOidan¢èwith the requirel￿enLEortheco￿panieS Art 2rth. H3virE satisf￿ myself iharthefinan=ial StateM￿tsOf thectrarityare not required tcbe auditedurKSer Part 16 of the Companie5 Acr 2006 andare di8iblefor independent exarniwtion. I repryt Ir re5pecrof Tryexo￿lnamn of tkecharit¥'5 financHI statpments (arried urth 5ettiDn 145of theChariuE5Aa 2011. I￿ (arryif¥ our rnye¥aMinaty￿ I haYEfdbwed the thrKiion5 wventsrfihe Charity CornmissK)n undei secuon l4ilsllb1ofts￿ Charitiesrto 2011. IndepeDdewe¥arninev'5Statement Since the chdrity'sgross ￿cOMe excded £250.IWyour exam•)er DYJSt be a membwoFa ￿l￿ted ID sett&X 145of the 2011 Act. I confirrr-thai i am gualrfied to undertakethèeAafrNnatvJ) because l ama memb thelnstrtute of Charttted Accountants in England Wales, whKh IS one of listed bDSe5. I haVecornFI￿e￿ myexaminaiw)n. l amfirm Ihaino nhatte15h￿CQrne w myattemiw ￿ CQDneaioD with t￿eXamInation giving mecau5e ro befievethatin an¥ mater411 respect". ac[ountin¥ rfford5were npt kept In re5pett of thechartiy35rewwed kryserb(￿386Qfthe(Omp￿niesArt20W. rhefin3ntial state￿￿ntS do notaccard ￿ thI￿re￿Ords.. Or thefinarK al State￿e￿I5 ¢0 notcompty wth the arcounDnE requiremenrsof section 396of the Cornpanie5 A¢1 It￿Orher than any reovirement that the finantsil ￿aleMent$￿ta trbeand larwew.wbth 15 nol a matter consilered as patof an independent eyèmin3tion-. or the fInar￿ 31 statements have been prepared in ￿.[￿rda[￿e￿vththe and ￿nE1p￿S Df the StatEmEn7 01 R￿0[￿mEnded PrattiCE for aciouiliw and leporti￿ b5'charrnEsaFfAIGIIAe tc charrnes pre￿rlr￿thelrh7an[i￿l statetnents actOrdJntÈ withthEFinantsa RÈWtiw Sta￿dard atviitabie In I￿￿JK of Ird3rxl{FR51Q21. I h3venoconcetnsand have come ￿055 noothèrmatrers iTrt0Mectbll￿lththQé￿rnlnal￿>￿ lowh￿h attEnnon Shou￿ b drawn Inthis rewrt ino[derwena￿a priv¥W(￿￿¢11I ofthpfiwKial stareimtsto bereathed. Ratsl Wi115.FCA Old Mill ACt￿ntO￿ty bmited 8ishopbYoo HoJse Ca'thedtalAvenue WELLS mersei 51FD Uated.. 22 Otrober 2025

EAST SOMERSET RAILWAY COMPANY LIMrrED ATEMENTOF FINANCIAL AcnvmES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 310ECEMBER 2024 ToLg1 ds 2024 Incom￿3￿￿ end0¥J7ner￿ from: Donations leEaEie5 91.972 347.153 3a877 91,865 134,S63 393.262 45.￿5 53,*6 OthEr tradin8 actiwtÈ5 Other inrome S69,867 627,n6 Ex ndhure on.. 24.397 21.315 Charita￿e artiV￿e$ SIS.825 Totslre5wr(e5 el￿ded 541.348 537.140 Netkncrynlng re￿￿re5 519 ).586 Other Wlli%ed8ainsabJlo Revaluat￿￿ otttWlblefkYÈd a>sÈis 16.568 NetmoveM￿1 In fvjnds 45,LW7 Jnd balin(￿ at l Janu4ry2Q24 715250 624.664 Fund b414rnce$4t31 lknthr2D14 760.337 715.250 The statvment of financial ￿tl￿ti￿& aknCoM￿￿ with reqwlenl￿nlsf0r an income 3nd eXpend￿re3cc￿Unt underthg CDmpanie&

EAST SOMERSET RAILWAY COMPANY LIMrrED BAL4NCE SHEET AS AT31 DECEMBER 2024 2023 Ffjxedasse¢s Tanwtrle a$5ets Invtsitrtnts 14 542.566 25.1XN) 46d.8l4 25.￿0 567.565 489.814 16 IIA69 89.788 Debtors 17 Cè5h ai bankand in hand 171.677 273.334 272.714 CrtditlJfs:arntymtshll1byd￿ ￿tt￿nO￿tY 18 104.6bil Net cuirent a55et5 225.436 Totsla55etsk5SLurrent 77&239 715.150 Credityr5.'4rn(Mmtsl•l1iryd￿ ¥fterThtrrthwn oTrÈye•r 115,9)21 Neta55ets 760.337 715.250 lfficomefunds unrestritted lunds Oesi8nated funds General unie51fiMed 694.337 649.250 760.337 715.250 760.337 715.350

EAST SOMERSET RAILWAY COMPANY LIMrrED BALANCE SHEET (CONTINUED AS AT31 DECEMBER 2024 The cotnpan) 5 entitkd io fhEexempfw)n Irorn Y￿a￿d￿re￿irernew¢{snt4IThe￿ 1Th5thon477 oFrheCvmp4nie5Atr 2006. fortheyear ended 31 De(eMber 2024. The members have not reouired the tDobtbiTh anaudit of Its hnantial ststanents thÈ year in 9￿lIart in 2LtoidaMe w*h action 476. The directOlS ?(knoWl￿e tr￿1r rewwtsiities fOrCL￿¥￿￿Wlh ￿her￿viremen￿Oft￿eCornF￿)n￿Acl 2W6 with resw to countiftgrecudsand the preparathjnof firlancwlstater￿. These financ￿1 5taternenEShaw been Fqepaied in ￿￿rdance¥¥1th the prov￿¥)￿5 applicable t0CL¥npanies￿bJec[10rhe small (DmpaniE5 ie8ime. The accountswerE approvEd byfvTru5ree5 on ?] Iktobei 2025 O Rsharp Trustee Company Rethrrathn Nt+.OA201079

EAST SOMERSET RAILWAY COMPANY LIMrrED STATEMEIU OF CiSH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2021 Cash Èenpiated from opff3tKH15 81.1fy) 114,645 lfft¥estlngactr￿tSEs Purthasèof t3￿1b1￿ Ixed 3s£ds Proceeds IrDM) di5wsal of tangib￿fiXed assets 1103,7861 1125.OS81 Nrt¢¥sh yseJ ih in¥estir¢•¢tivities 1101.7861 IL25.fj661 PèwxÈnt of financÈ leaseioNixatiOn¢ 18,3OSI Net<ash used Infknandr*artfvttles 18.3151 Netdecrea5e ID<a5h andCashery￿￿ts 110.4231 Cash •nd cash eguwalents8tiy.￿n1Th8QfYe￿r 211.031 Cashand GA5h 04u￿al￿rtsIt0ndof￿ar 171.617 200.fl)È

EAST SOMERSET RAILWAY COMPANY LIMrrED NOTES TO THE FINANCIAL STATEMEvrs FOR THE YEAR ENDED 31 DECEMBER 2024 Attoutstitht politiQS rltylnlormaticql East SDmer5ei RaiWa¥ Cornpan¥Limite41 isa lirnited bYBUataffteinawpcratedin England and Wa￿. The reBiStered L>ffice15CtanrnoreRaihYavStstyon. th￿￿￿re.SHEPTON MALLEf. S￿Der5et. W4QP. Ll A(countiil8 conwAniio The accounts have bEen preparEd in aECCtd3wpwith the Ihattty.58OVEmingd￿uMe￿.. thp CDmpanE5 Act 21X)6 ar "AttoJnringand Rèportihg by IhariE1￿..SfétÉMÈ1ttsf RÈC¢KhmÈtthd PrachEè applitablÈ ttstharities PtèParI￿ thèr attounts In tcoidante wth thÈ Finantial Reportinlstsndardappkat￿i￿ the UKand fttwbl￿Of Ireknd IFRS 1021" ltffett￿elJ3n￿aty 20191.Thecharityi5a BEnElit Entitya5definedby FRSID2. ThefifflaTroa15￿ttnentsart prepared in sterfl￿￿ tthith i5thefvttionaltW￿ncyolth￿ ¢fv)riry. Montyary amwnts in these finan(1115tstemerts a￿ roundEd totrye nEarESt t. Thefinanaa15f3t8nentshawabeen wepared undErE￿￿lsE0riG1lC￿sTIOn¥￿nt￿yn. T￿prin0paI account1￿ PollE￿ adopted 3re Set out bdow. The (harityhas raken a4￿￿tale0fi￿￿eM￿i￿ o1thecixnpan5Aciz¢￿ noi toprepare CDnsdidated accoums. ThefinaTrua15ts1enntspreseni InforTh￿l0￿ aboutthetharity asan Ir￿tr￿dua1 ￿tity ar￿ notab￿1 rt5group. LZ Golrycw￿ln At rh21ime of apy0v1￿lhe finarKral 5raieryfitS. theirustee5 a leaS(thab￿ exp2￿at￿n rhatthe rharity has adequate resource5ro CODtIDue in operJnwl e¥L%lEncef￿ the rIYe5￿blelU1Ure. Th￿SthetruS¥ee5Contrnue to adWthegoin8con£ern bays of accountin¢ In preparing thelinavial State￿￿r5. L3 Charitajkfunds Unre5rricredfundsare a¥a1￿lIe10￿USe aithe dr<retion of ihetwees iTrhJrtherarKe of theircharitatle objecrNes. Desigfflaiert funds cornwtse luhdswhith have beerset35ideat trdi5tretitsl c4theiruste￿ lor spetifiEwrpose5. The purposes •nd v3e50f ih¢duon•ted ère 3et tyJt in th¢nowt(lhe fin)noJl ststrmen L4 Inconlng resoLWUS Income is iecogni5ed when the tharity ￿ legaltyeniived to it after wrofrnan￿ conditions have bn met, the arnount5 can be rnpa5ured rdkiLqy.and ir ￿ pr(thbSp thai ifftcone Willbe rEc£i¥el. Cashcorhatk)n5 are recosni5edon receipt.Otherknatiomare recOgn￿￿onCe￿echarityha$been of the th)Darion. performan¢e require deferral diheamount. Income recowablein reL1t￿oI0dQTraL￿n5 r￿l￿d under GIft￿￿ ordeed5 of coveTrantts rec(yised at the tiryoof thed￿at￿n. L￿a￿È1 3rÈ I￿￿1%￿d on ietèipt Or OthÈr¥rise il thè tharrty has bÈert of an in)pÈndiw thstributort. the 3mDunt is known. ènd retÈipi iSexwÈd. l1thè3m￿tst ￿ rw)t krwjwn. the tstreaied ala tontintent assÈt. Gr3ntsrÈtèwéd tOaSSiXwrth 5pÈtifit ÈxpttKliturÈ afrdÈa%Èd tothÈ ststÈmÉfftrof finantial artivitiÈS asthÈ èxpÈThditurÈ is Income is dEf21red whpn.. FeES are re(￿Ved in alvanceof the eventio ¥Jhith theyrdaie.. The don(￿SpeC￿￿t￿￿1 ihe8rJntordoww)n Must￿ty bp used iTrfvfvrex(ounring perKwJ5." and ThÈ don(JrhasimpDsedCondrtionswhKhffl￿tts8 rnef bdorethe thantyh35 unLonditiDnal entstknent.

EAST SOMERSET RAILWAY COMPANY LIMrrED 140TES TOTrIE FINANCIAL sfATEMEf4TS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 COuntiil8 polkles Icoffttknuldl Infereston furds held on dEWSit 15 1rht1￿lEd then recei¥ablearKlih2 amounr￿n bEmeasvreJ rhe tharity." thi5 15 norfflEltyupon ntr.IfKation tfre inter￿t paKlorrepayable trythe Ban Iilcome is meawred atthe fairlU¥￿￿etty￿o¢￿tI￿ ¢etei¥edorrÉ(eNable reprety￿ts amwnts rewvlb￿forgoo￿S and 5eNce5 yovided in the rormal coutse pf buynE$l￿dQf d15counts. VAT￿￿ thher5ale5 rdated tsxes. L5 ExpenYiruTe 15 recognised once theret5a kgal 0rcowr￿IlYe obligatwjn romepavrneDtio a I￿rd ￿rti, pro￿blY thai 5ettlemeni will berequired thp amoufytof the 0￿￿ariOn car te ￿as￿red￿lIabty. Fundrai9ng tc6tsarÈtFK)SÈ 1￿U1red In sÈekig¥0luntarytonth￿Ajns￿é lonoi I￿ludethe tostsof disseminatinginformatyon IS supprrtof-.he thariL3bk èttivties. SupwrttC￿t< are ticse tOSiSin￿rreddi-eÉtIY IA Support of expenditure on the abiett£ of the charity. Governance c05ts3re those itKUt¥ed in &w.[￿(tIDn ¥rith trie èdminstratiDThof charityand EDM￿lanCe with cQll5ti-.Uti(￿al andsiatuiory-equ1￿rrle￿ts. L6 TO￿[b￿l￿￿ed •5W5 fix￿a55ets are init￿ty m&isurEd atC051andsubsequentyffleasuredat t05t orvalL&ian. nEtof &prec￿lE10n ar￿ arry itnpairtnentlt Deweciation is ￿0￿nIsed stsas ttswrite (rfF the tOSiQrvaluatKin olassetsiess i￿r residual values O%er their usetul INes rA) the followryDg Trk5es'. Plant and ma¢hina¥ Fixtuies, litliry&equipment IS%rel￿ry balarfe j iO%straWt line 15%redLKf6 balance Wnf(1gpr•riAt The depreckirion on ry>lliw Stock 15 fnil. rothe cornganY5 v￿mitmenrIO restoret￿eSe è&5er5to rheiror8inal conditon to rnainta1na￿4pr￿s8￿th￿rnIfi thoistare. ￿￿(onSidered thai the ￿r1rn¥ed residLwI Y4lue isai least equal ro COSI. P.ollin8 st￿k15 iffliroducoj at C05t and revaI￿d inh"Tre with lTh%Ura￿e valL4ltv)n5 of rhe5e as￿Sas[hIS IS dewned rhe m05t accuiGie refl￿110￿ of theii vabjeto the chaii. The 8￿1Th or bss an51￿On the diSWS31 of an als￿ ￿de￿r￿mned asthe dfie￿Ce beiween the Sa￿ proteedland rhe G4ttyn8 valtse of the èsset. and 1$re￿niSed In net irfomellexo￿dl1ur￿l fortheyear. AII >ststOsDrtÉ F750 arè£a&tJli5￿. L7 Flxed •5setkn¥￿knKrts FixEd asset in¥e5trnent5 are rttranWt￿￿ ptKe exdudinEtsan5atriw r95t5. andore 5ubsEqUent￿ rneasuredat fair valuE at each iepartiw date. Changesin fairvalueare rE(￿n￿d in net i￿(Xn￿lIeApeTrd1tu1e1 fortheyear. T[anSart￿n costs areexpeD5ed 45 I￿￿rred. Asubsidiaryis an ÈnDtyt0nttd1￿ byrbeiharity. Contrd ￿thè p￿rto¥cl￿￿ the￿r￿rI￿al and wtatin8 politiÉS of thè èntity so ast) rt&tain benèfitsfrom its activrts. At eath reportInger￿da[e. tharity reve¥￿t￿ oryirvg 4￿JntS of assets ￿￿elertY1￿eWh￿herIhere is¥ny Ind1(ar￿n that th￿P assets hwe sufEerpd an impairment l¢)5k Ifarysu(h exI5LS.thereco¥era￿e arroJniof iheassel 15 e51imaied inordef ￿￿erE[MIne1￿eA￿eDI of the irnPairrnpDiID551rfarryl.

EAST SOMERSET RAILWAY COMPANY LIMrrED 140TES TOTrIE FINANCIAL sfATEMEf4TS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Countin8 polkles Icoffttknuldl L9 Stot StOClS B￿Stated?¢ the k7werof costafvJestimatedsdliTh8 price ￿C0S￿L0c)m[4eteaDd sdl. Costcompnsesdired materials and, Mthere ap￿Kable. direct laboura￿lS and thoSeL>yer￿ads thar havebeenincu.red Inbrin8in8the stDckstotheir present locatioDand conditlon. Irem5 held for distribut￿ ar no¢y nomiThalcongderEtimare mea9Jred the kwer of r￿a￿MeThI cost and cost. Net reèllsatrAe value KS the esbmèred selling pnte ￿$8 all estimattd costs ol Com￿e￿)n and costs lobe Incur￿0 In marketing. sÉ41inAand dirtributK)n. Cash and cash eqwvalents indudeca5h in dep05ts at c4vith banks. QtIw5hc¥t-teim 1K4U￿ inve5tmentswrh original maiuriiie50f three rnortfvs or k55. and bèThk£r￿ralts. Bank overdraftsare 5howTr Within L￿rroW1n£S in current Financial iD511urneDisare recwi5ed iTrihE thwity5 b3lwKesfvewY4hentheitharityeiO￿￿partytO ihe C￿tractUal prow90ns olthe instrument. FiTrBncial assets3￿ lvakn1it￿ar£oftsel Wlhlt Theiwr4)uniswe5enied in thefinancial sr4temenis. thpn therei5a le8ally enfol(ea￿e r¥hl 10 sw off tho ie£ogD￿eda￿v3UDtsa￿Jthe￿e4S anImeDti￿ to seWeoDa ba515 orrD realise a55w and settle the liability simuhaneousty. Ba>ii final1c￿l ass￿. whh ifttludedèbtors afNI txsh andbank baLl￿es.art initialty ￿e3￿rd at tran5athOil PritÈ irttludiThS trans&ii¢n tQ5tS are SuEIv4uehdyc3rlied atamortised c05t usingt￿ eff¢r.ive iMe¢st nthryY unles>the arrar￿￿￿ent CQn5ti-.utes a firka￿lnE tran5artw)n. where ihe Iran￿0? s reasu'eo all￿ tKe5entvalue?f rhefutuie ie(eiwsdiScouDied ar rTrar￿ rate of interesi. FIDanual 3ssetsdas5hf￿o a5 receNabiewsthin oneyeaiare amLW)5ed. Basir linanckil liaLM ities. indudin8 Credit￿sand bank &)ansare iniroltyrec(vdn15eOatIran￿rni￿ prKe unle55tbe airangemeni cansti-.ute5a firhawingtran5attw)n. there the debt isrnea5ured att￿ pre5enr'iak of I￿￿rture pay￿entS di5CQUPted ata matlw ratpof Inrer￿I. FiThaDcial fiabiliwescia55if aspavablewlthi￿ one ieai are noi arn¢rt￿ed. Debt Instrurnentsaresubw￿tIYCarri￿d ataln0rtis￿ C￿1. inferettrats merhlld. TradecieditotSaieoblatvJn5to pEyforECrtyJ5 Ow SiT¥itesthai haye been &quiied in ihe Ordinarycowse Df cpeiations from Suppliers. Amunts payable are Clas￿rIed èscuirent lili itiesif ￿1n￿l is duewithin one¥ear oi less. If nth. thtyare presented as ntt<uirent 1k7￿1￿leS -rade tteditors a￿ recogn￿￿1 InitiallwattransbrtN￿ w ce and ￿bSeqUentI¥ measuted atamortssed cost u4ng the ettectrie interest methl. FirBncial Iiibilit￿S￿rE &re(ogni5edwhenthE d￿￿￿5(￿ntra￿ua di5chai8ed or [ancel￿d. L12 En￿￿e￿bED¢frt5 Thè tostof any uMsed hcAidayÉntillemÉrt iSrÉtO8niyd iftthe Inwh￿￿ thèÈmp￿￿'S SÈlVite& are rÈcèiVÉd. TermiThaknon benditSarÈ rec￿nised IMML￿￿3t￿￿aS an ÈApensewh￿ tsthaiity is demonstrablycommitted toterminatethe ernpl(ryment of an Ernployee￿tO provKl2teitninatiDr, ￿n￿rrt -li-

EAST SOMERSET RAILWAY COMPANY LIMrrED 140TES TOTrIE FINANCIAL sfATEMEf4TS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 COuntiil8 polkles Icoffttknuldl L13 RO￿r￿mentbE￿￿ffits Payrnenisto defined contribUt￿n retirement benEfftLther￿ are cbar8ed as ￿e￿wIseaStheYfa11 due. L14 Leas Lea￿ arella551f￿d 35finaTrcE ￿5￿5wheneVUthe ferm5 Df the kasettan5fer5ub5fanti3ltyallthe ri5k5 arxlrEward5 Df ownership rothe All f4her1ea5e5arec1asy￿a5 operatinB lease A55e15 hpld under finance ￿￿5￿5 arerecognised asassetsatihe lower of ihe as5etsfaif Val￿ ai the date of InCept￿n and the prpsentvalueofihe minimymlpa5E payments. Theretsted l&ibilnyi5included ni￿ ba13n￿ she a5 ?finaDce lease obl¥rKTrD. Leasepayn)ents aietreaiett ascorfjisin84Jf capital lo￿tel￿￿ents. The Inrerest ischarged ionec incomelleKpevditurel lorthe yearsoa5toproduce èL0Tr5taDt ￿11￿1( raLt of Interest on remai￿￿balanLe otthe liability. Renta& payablEundEr owatinE ￿se5, l￿-1￿l￿gI￿Y￿3Se Ir￿t￿t￿e5 re￿Ned. arEthargd a5 bn expEn5eon a 5traiEht linp ba￿5 O%Vthpteim DflF￿rEknntkne. In theaopl1¢at￿n of ihe chant(5 ￿cOuntIn6 LfuStee5 ale requir￿ tom2ke j￿￿en19. e&timate5andassurnptiO aboutthe car￿n8aMount of assets èTrd ièbilitiesthatare noi reaéil¥apparen-. from w.heisour£e5. Thpestimaies and a55LKiated a55UnPtion5are ￿SEd hi5tDrical e￿pEr￿[￿ 3rKlotherfartor5 tfiatare totE relEvant. Artual re5uh5may diffEr from thÈsèÈstimaes. The estimates an¢ urKJ2rlyinga55umFtion5 are revivwEd on an fieV￿￿n5 to actauntinge5t mate5 are f￿0t￿lSed i the peiiod in wFich the e5lirTr&e isre￿i￿edwhe1e the revis￿nINe[tson￿that peri(xl. Dr in the Per￿ Dfthe [EVi￿On and futurE PEnodswthere thErevi5w)n JfF¢(ts bDth curtETrt4ndfuWffE PEriod> The e5rimaies anc assumpti￿￿ whKh I￿ea 5i8nificani ￿k￿CaU>ll% a mai&ial adjLsLmwt tothe cairyiry aTFxbuntof 35seis Estlm3tedusebJ lives of I￿￿￿etImed assets In dèterminiwtbÉ ￿tiMated￿$È[ul lifÈrbe thanryton%detStt￿t￿pÉttÈd phgKalkn*arand tÈarof tkassÈt. 2023 Donarion5 andwfts Grant-eceNed 28.796 1.654 GiftAid fr(Kn 60.676 72, 91.972 134.%3

EAST SOMERSET RAILWAY COMPANY LIMrrED 140TES TOTrIE FINANCIAL sfATEMEf4TS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Chaitablt attmt 20Z4 1023 Fares and Adm￿S1or￿S 347.153 393.263 ot4 Fundrai&ng e¥ents 38.877 45,9)S OthewincLwe 2024 IQ23 5ubsfllPtions Booknng fee5 andsundry inc(Kne WineaDd Trne 6.266 37.449 29,913 18.237 5.%7 29.M)g 18,221 Insyrats￿ dèim tttelv•ble 91,865 53,996 Raisfjnsfund5 2024 2023 Stag ngfundra￿1Thle¥enIs 24.397 21.315 -13-

EAST SOMERSET RAILWAY COMPANY LIMrrED 140TES TOTrIE FINANCIAL sfATEMEf4TS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Chaitablt attmt 2024 2023 mot￿￿, Powerandopetsiions Civil En8ineErin¥ Workshop Consumables Santa g)ecthls FfÈigh-. ChartÈi and L(*0 Hirè Lath of Legend Punchand Judy Rent ènd Rètes 68.416 5.698 4.494 32.887 18.704 13.775 75.369 60.341 4.377 33.gn 21.364 24.136 24,136 SÉtwtès 61.456 36.8141 19.934 113.587 26.258 18.IS7 Insuranre Repai15 aNloverhaul tosts Paddington Praperry ExpEnseS Petei Rabbir 1.625 2.430 1.183 288.622 313,8YJ Shareof 5uppof. cos15lsee note91 Sharpof gOverrb3￿ecDStsIseE nDie 91 225.549 2.780 Igg.3as 2.631 516.951 515.825 Anaty51sby IuDd Unrexiicred fund5 516.951 515.825 516.951 515.825 -14.

EAST SOMERSET RAILWAY COMPANY LIMrrED 140TES TOTrIE FINANCIAL sfATEMEf4TS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 24 Staff tosts 92.641 70.422 .651 92.611 70,422 36,6SI 13.255 8,201 7.041 75,691 53,649 26.8EO Dewetiatitsn ènd 4)ssoft disKMJsal Adveff Ising and Ikiketin8 p￿ts￿e, stat￿ne￿andTelEphDnP Bank Interest andCharge5 Credltcard ChaFge5 Sundry le￿13￿￿ prorw1￿al Account3ncy Fee5 Bad Oèbt Prtr4iSK)n 13.255 8.201 12.641 5,112 8.763 2.437 7.041 1.4 2.oy) li0,￿￿) 1.475 i.0 io, Indep￿t Examiners Fees Direrto¢s Insurance 1.75U 1.7 1.65U 1.030 1,03a 225.549 2.7 228.3 202.016 An3￿.ed between Charitsble acu¥itie5 225.549 2.7 228.3 202.016 5upp(rtC05ts include5 Pay￿￿t0th￿ indepwKkniéx￿in￿rOI 12j)5012023..11.950lforJccountanryse￿1CaSa￿d £nil 12023."£nill Ioi service& Netm0ven￿l0thJ￿S Z024 1023 The nei mo¥emenLin funds ts5t?￿d aftertharwwicredilir*l-. Depr￿latIon af ￿￿ne￿tangl￿e fixed a55ets iossoTr diSPOSal Otta￿lb1efixèd assets 65.207 5.21S S3.619 TNstees NO￿ pf the trustees lor anv persons connertEd theml Tere￿￿d any rernunethon of benEfit5 fvom the chJiiY during the yEar.

EAST SOMERSET RAILWAY COMPANY LIMrrED 140TES TOTrIE FINANCIAL sfATEMEf4TS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Empkyees The a%eia8e nw)nthty nurnberoFwnploye£5 durin8theye¥wa5: 2024 I￿rnbel 2023 Numbew EMI￿V￿￿t¢0sts zozj Wage$èr￿ saLèries SotiJ 5tturity costs OIherpenS￿Dco￿s 86.542 5,206 71. 3.363 638 92,FAI 75.691 TherWe￿ noenwloyÈes reteived ery)l¢)yÈe benehtsof morethan £frtl.t)KJ. Taxation The ¢Pilliiyis exemptfromtsxati(xl (irts ¥tivit W3u*all rfSiK4)meisarplied for t￿ritab￿￿r￿)s

EAST SOMERSET RAILWAY COMPANY LIMrrED 140TES TOTrIE FINANCIAL sfATEMEf4TS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 14 Ta￿lb￿￿xed asset$ pknrrtanthu￿ R￿11￿5￿¢ Af i lanuary2024 AdOiDns 540.366 117,541 118.246) 56.865 4828 142.195 11.237 739.426 133, 118,8461 16.W DisposaL5 Rpvalts4t￿n 16.568 At 31 DeceTTrber2024 639.661 61.093 170.( 870.754 At I lanuaiy2024 DePr￿latiOn charied in theyear ElimiiwtEd IT}r￿J￿Lt 228.674 45.938 274.612 67.771 2.436 5.a)7 At 31 tcember2014 279.814 48.374 328.188 At 31 DÈcember2024 359.847 12.719 170,( 942,S66 At 31 December2023 311.692 10.927 142.195 464,814 Rglling 5twkinclthtrain5thaiare wa5KJnaltyrented aut r￿an0P￿￿tsTrB ￿se b35is. ients15are ThDrmallylDrshiTrrt ols. whw notbwngkned tt*355ets ￿e￿se￿ iTrtheda¥ ID dayathiiie50fthetharity. Rolling 5tcKk h35 irfn revalugj In linevfflth In5uraiceYaluatKJn5of these a5Eets asthisis dterned th2rn1)5t Krui3te reflertion of theirwalue to the th3nty. T￿dir￿ttOrS bel1evèt￿. the5e¥3lue&are in reLat￿n tomarkelvalue 31 31 D￿(￿￿ber 2024. The or4q1nèlcostof these è55ets 15 £79.01& -17.

EAST SOMERSET RAILWAY COMPANY LIMrrED 140TES TOTrIE FINANCIAL sfATEMEf4TS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 OthrlnwstsNfftts Af i linuary2023& 1 Januhry2024 25. At 31 tkcembei 2024 25.( At 31 Oecembei 3023 25.11 2023 OthÈrinvestrnents rtynpr¢e". Invp5tmEnt5 in 5ub5idiarie5 25.000 25.(m The thiarity'sinve5tmenl repr￿t5 1(vh0fthe￿din3ryshare￿1wE11 olthesUtsh4LaryU￿rtakI￿(1anmre RaitrayCompaffy Liffl[ted.￿thlch on1hetr4din8a0￿1DeSQl￿e 8mup re8iStered in ErylaTKI IRegi5tered NumberOIOY4131. The aEgrege 5h¥e Capital a￿j re5erwe50ll￿SubSwjPry￿r3I D￿embe1 2024amDufflied ro£25.OW12O23'.£25.U￿} st￿ks Z024 20Z3 Rawrnatsria15 11.869 17 Debtors 1024 2023 Amothitsfal due￿thI￿￿Y¢aT. Tr*debtors Arnountsowed by5ub5id&iry L¥￿ertakI[ OthErdebto Prepaymènts and attiuÈd Intcrne b14 3.533 24.317 26. 14,270 42.682 25.586 20,906 89,788 68,9

EAST SOMERSET RAILWAY COMPANY LIMrrED 140TES TOTrIE FINANCIAL sfATEMEf4TS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 1024 0￿11￿￿)n5 underfirhance lease5 Orhertaxationand so(i415ewrtry Deferied Incorne Tradetreditor5 Othercreditot5 5.613 894 5,492 17.530 4.271 30,861 746 7.359 14.554 Atcruè 24.4S4 64,661 47,278 tsedltjrs.. ￿¢￿￿t5[al&¥d￿4￿e￿￿yreth￿n¢jTrV￿1r 1024 2Q3 O￿lE￿￿)￿S under linante leases 15,902 Nnaffl(e ￿0b11￿1￿5 Futurc rninimuml¢a5e P3VTnCntsd￿ underfinanreknE5.' 1024 2023 Within oneyear Wiihin rwoand fi¥￿VearS 5,613 15.W2 21,5LS FiTrance le35e payment5 iepie5ent ientak ￿Y3￿￿￿bythe chatityl(Tpl3nt and n￿l￿ery. Lea5e& incluie Furcha5e options at the end of the lease ppri(0.3nd nore5frlct￿ns3rEp1acedO￿ theu5eatthe355els.TheaveTr82 ￿s￿le[M isfNeyear& All ￿35e53[e on a fixed repayment basisand noarrang¥l￿ls hawebeeneThtertd lntolorcwiinge￿ rerfal Acornmer￿al re ol interest Ischargedon each hire purchase ￿8reernent. J55ets held on hire purchase4reements are 5ecure¢ ontr4ssettowhichtheyrd*e.

EAST SOMERSET RAILWAY COMPANY LIMrrED 140TES TOTrIE FINANCIAL sfATEMEf4TS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 OrherdeFerred inaxne 5.492 7.359 2024 2023 5.492 7,3S9 5.492 7,3S9 Mo¥tM¢nt in theye¥ 2Q3 At I lanuaiy2024 AmDuTht relEa5ed to incompeètnedfrixn (hatit¥blpa(thes Amounrdeferred In the year 7.359 17.3591 5.492 7.031 7.359 At 31 Decernber2Q14 5.492 7.359 Deferredin¢orne ¢Wtst¢ put(h•din 2024tobeusedin 2025. R@￿re￿entbP￿QfftS[h￿Th Deflned contthution s<hemes The (harryoperafe53 d@fined ￿(￿1r1bUtIon pen￿On lara1lqualrfwng￿￿pkny￿P5. ThE a55etsof the 5chemeareheld separatelYfromtts)Seofthethar￿l￿ an ￿depend￿admi￿o1￿eofy￿e. The thai8etO Iheprofitorlosslrl re5peaofdefir*d Cmiiibjiic￿￿￿1eSWa5£893{IO2j.£638l. At 31 Decernber 2024. the Ch￿1￿ had a Ii&ilityfor pen5hin pa￿￿1 Owiw olE17812023".E1651.

EAST SOMERSET RAILWAY COMPANY LIMrrED 140TES TOTrIE FINANCIAL sfATEMEf4TS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 At Iherewrting eThd datetbÈ¢hantyhad (4rtstsndingcoMmffmertsiorhJfvreminim￿M ￿sepayme￿S uTrdei noD-cancellable operadni ses. whkh tsll du? wows". 2023 Within one¥ear twD and Fweyear5 In overthve years 21.016 21,016 79.915 4Q7.583 77.149 389.333 487.498 508.414 Rted partytrJwti( TrJnsart￿n$￿rth rel4ted pav￿e5 Ourin8the year the chariryeDleied into1￿11￿￿7￿8tsèwaiODsW1lh r¥ateJ part￿". 20Z3 Key man3Èement personnel 19.743 17.430 Duringthe year theiewere tr￿attj￿s bEt￿n EastSDrn2"set ￿1￿3¥£(￿￿￿￿V ind Sub￿diary(rannTrDre Rbll Cofnpany. F3cllif￿ cost5 rv.harged of E25.872l20￿.É24.702l ￿re payab￿bYCr31￿￿￿ Rai￿Ayc¢￿￿paThy In t￿Year. Atyearend. E42.58212D23..12L 3171 wasdJefrom5U￿￿l￿7ryCrBnrnOre RalP￿a¥cOmPany. Trustee S Masters Lsan emrknee ol Dèrtmouth Steam Bailwayand Rivwb)at Company. Durin8theyear El,07312023'.£nill was rE£eivedfiorn Lkrtrnouth Stearn Raih¥ayand Ri¥vbfratCompany lor service5. ¥¥hKh was in¥oKed urOerTh>mial maiket conditons. No amountsweie dae aryearend. Sub5vJlar1•5 Th￿finan￿31s￿teMentS aieseparats cFo1ity finarthlststaments for East &)rnrsei Ra*Afay. Detai15 Of the charity'5 5ubydkiriEsat3l DecernbEr3014 area5folk)w5.' Namp0lu￿d￿rtaknr¥ aa55 uf % HEld dlrect Cranmore Railway¢(￿panY mtie Cr4nr[￿rE. Nr shePt￿ Mal eL so1￿r5e1, 6A44QP QrriEs0nthet￿￿g￿c￿les of OidiDary Ihe group. I￿.00 -21-

EAST SOMERSET RAILWAY COMPANY LIMrrED 140TES TOTrIE FINANCIAL sfATEMEf4TS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 The iJnrestriLted fvnd50f the tharitycomFf15e e uneKp2rNlet baLHncesof (k)natio￿ and Jranfswthirh are subje(Ito swifLcondit￿n5bydonarS and gr3ntor53sto how theymay bg USed.The￿ ndLd@d?4nafed funds wh￿h have set agde out of uTrrewKte(Ifund% bythe Iru¥ee5fwspe(ifK purp)5e5. Res0￿$ Galmathd lo&ses Balance at31 ewnber2014 J&Thywry2014 46447Fund 62.(m LJy Nan Fund De518natert funds Gewalfvnd5 649.250 569.867 16.568 694.337 Total unfe5trthdfunds 715.250 1541.3481 16.568 760.337 Prior Baanceati JaThuary2013 alan¢e at31 Dettmber2021 expended ¢S447Fund 2.( Lady Nan Fund De51gnated fund5 Gerberalfund5 558.664 27.726 1537.1401 649.250 Total unre5trictedlund5 624.664 527.726 {537.l401 715.25Q The 46ty17 Fund ha5 been 5eta5ith iow3rdsthe nExt (WEth3ul. The Naii hasbw)sèi asidÈio*ids Ihe iieRI Q¥eih4vl.

EAST SOMERSET RAILWAY COMPANY LIMrrED 140TES TOTrIE FINANCIAL sfATEMEf4TS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Suiplus lortheyear 2B,519 Adlu5knen15for'. Lo55 07 d15PQ5al Df tangibler￿a a55e15 Depr&iion and vnpalrment0fra￿ibIefr￿ed a55etS 5.215 65.207 53.649 Mo¥tments in wth&i￿(lprt￿. Ilncieaselldeciease in stocPts IlrKieJsel in debtors 18.5S91 120.9821 13,637 11.86n 3,824 IOecre35Èl/intreaiein rjelerred income 338 81.160 114.E4S alysis ￿th￿S1Th rt AllJar4ry20Z4 Ca5hfM At31 Decembew 2014 Cèsh ai bankand 11 hand 2(M).f 128.9311 171,677 obl1￿￿Tr5 under linance leases 129.8201 129.8201 150,162 -23-

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