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
Cat*thal 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
l*ilwBy locomotives. rollingstock andothei macbineryand e¢uipty*nt olhtsiotical in*iesL
The Dwr*d SUbsid￿ry CCpMp3ry. cra￿m￿￿ ft*lwayC¢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 jC*OivnTeer5Withoutwhw the failwaycould nL*funrlion. 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 asgstir*in 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￿?nJrraTrsernenl<crfl￿￿5r0 be5uccessluland gi¥e5the EY a¢ditioThal ill￿￿e
ffiCie￿l lulld5 have tr￿eTr8enefatEdfrorn operatKffiS i05￿p￿ a￿a￿£e￿I impioyenents. The lar8e5texFEn5e has beefiover
£64.IMX) DntrackrÉnewalswhi(h is8enèra1￿ but%￿11 ￿ redutt￿as Imprts￿Mert[S afy madè. SOMÉ pr4Ècts hav* bÈen
entified as mproyements tofatilitiesand 3xractionsfoi visrtort. Stsme tund1￿ ha*￿￿ $Our￿d farthe installatM)n of 3 bridge but
rLrtherfur￿i* will be rèwired for the exten51vEre5toi*iOn.IE 15 huped thaiin5talL7￿n￿ll commenceduring 2025.
2D25 is èxpÈrtÈd io b￿￿￿11?￿V prC>thtsb￿.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 oper*iw% 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 xfrAItr*s."
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￿lt*S 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 n*eting.
Trustees seèk tDfill skill $apsasfar as fornè* boartl membets.A*a 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 i51k*ted 7oSmoTh Bwdin& bLtyTre55 Thwnager.
atem￿￿ ofifus*es'
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¥ear*thithw 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 1*r￿￿￿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 pre5Urn*thatthetharity 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 exc*ded £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 bYBUatafft*einawpcratedin 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￿tt*nentsart prepared in sterfl￿￿ tthith i5thefvt*tionaltW￿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￿ o1thecixnpan*5Aciz¢￿ noi toprepare CDnsdidated
accoums. ThefinaTrua15ts1en*ntspreseni InforTh￿l0￿ aboutthetharity asan Ir￿tr￿dua1 ￿tity ar￿ notab￿1 rt5group.
LZ
Golrycw￿ln
At rh21ime of apy0v1￿lhe finarKral 5raiery*fitS. 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 beer*set35ideat tr*di5tretitsl 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 b*n 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 thstribut*ort. the 3mDunt is
known. ènd retÈipi iSexwÈd. l1thè3m￿tst ￿ rw)t krwjwn. the tstreaied ala tontintent assÈt.
Gr3ntsrÈtèwéd tOaSSiXwrth 5pÈtifit ÈxpttKliturÈ af*rdÈa%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 fair*lU¥￿￿etty￿o¢￿tI￿ ¢etei¥edorrÉ(eNable reprety￿ts amwnts rewvlb￿forgoo￿S
and 5eNce5 yovided in the rormal coutse pf buynE$l￿dQf d15counts. VAT￿￿ thher5ale5 rdated tsxes.
L5
ExpenYiruTe 15 recognised once theret5a kgal 0rcowr￿IlYe obligatwjn rom*epavrneDtio a I￿rd ￿rti, pro￿blY thai
5ettlemeni will berequired thp amoufytof the 0￿￿ariOn car te ￿as￿red￿lIabty.
Fundrai9ng tc6tsarÈtFK)SÈ 1￿U1red In sÈeki*g¥0luntarytonth￿Ajns￿é lonoi I￿ludethe tostsof disseminatinginformatyon
IS supprrtof-.he thariL3bk èttivties. SupwrttC￿t< are ticse tOSiSin￿rreddi-eÉtIY IA Support of expenditure on the abiett£ of
the charity. Governance c05ts3re those itKUt¥ed in &w.[￿(tIDn ¥rith trie èdminstratiDThof charityand EDM￿lanCe with
cQll5ti-.Uti(￿al andsiatuiory-equ1￿rrle￿ts.
L6 TO￿[b￿l￿￿ed •5W5
fix￿a55ets are init￿ty m&isurEd atC051andsubsequentyffleasuredat t05t orvalL&*ian. nEtof &prec￿lE10n ar￿ arry
itnpairtnentlt
Deweciation is ￿0￿nIsed stsas ttswrite (rfF the tOSiQrvaluatKin olassetsiess i￿r residual values O%er their usetul INes rA) the
followryDg Trk5es'.
Plant and ma¢hina¥
Fixtuies, litliry&equipment
IS%rel￿ry balarfe j iO%straWt line
15%redLKf6 balance
Wnf(1gpr•riAt
The depreckirion on ry>lliw Stock 15 fnil. rothe cornganY5 v￿mitmenrIO restoret￿eSe è&5er5to rheiror8inal
conditon to rnainta1na￿4pr￿s8￿th￿rnIfi thoistare. ￿￿(onSidered thai the ￿r1rn¥ed residLwI Y4lue isai least equal ro
COSI. P.ollin8 st￿k15 iffliroducoj at C05t and revaI￿d inh"Tre with lTh%Ura￿e valL4ltv)n5 of rhe5e as￿Sas[hIS IS dewned rhe m05t
accuiGie refl￿110￿ of theii vabjeto the chaii*.
The 8￿1Th or bss an51￿On the diSWS31 of an als￿ ￿de￿r￿mned asthe dfie￿Ce beiween the Sa￿ proteedland rhe G4ttyn8
valtse of the èsset. and 1$re￿niSed In net irfomellexo￿dl1ur￿l fortheyear.
AII >*s*tstOsDrtÉ 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 activrt*s.
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 c4v*ith 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 b3lwKesfvewY4hentheitharity*eiO￿￿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￿. wh*h ifttludedèbtors afNI txsh andbank baLl￿es.art initialty ￿e3￿r*d at tran5athOil PritÈ irttludiThS
trans&ii¢n tQ5tS are SuEIv4uehdyc3rlied atamortised c05t usingt￿ eff¢r.ive iMe¢st n*thryY 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.
TradecieditotSaieobl*atvJn5to pEyforECrtyJ5 Ow SiT¥itesthai haye been &quiied in ihe Ordinarycowse Df cpeiations from
Suppliers. Amunts payable are Clas￿rIed èscuirent li*li 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 ph*gKalkn*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
Ther*We￿ 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$
pknrrtanth*u￿ R￿11￿5￿¢*
Af i lanuary2024
AdOi*Dns
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 t*cember2014
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
Oth*rlnwstsNfftts
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 Raitr*ayCompaffy
Liffl[ted.￿thlch on1hetr4din8a0￿1DeSQ*l￿e 8mup re8iStered in ErylaTKI IRegi5tered NumberOIOY4131.
The aEgreg*e 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 r*e ol
interest Ischargedon each hire purchase ￿8reernent.
J55ets held on hire purchase4reements are 5ecure¢ ontr*4ssettowhichtheyrd*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 (4rtstsndingcoMmffmer*tsiorhJfvreminim￿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
R*ted 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 emr*knee 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 &)rn*rsei 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
L*Jy 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&i*ion 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 r*t
AllJar*4ry20Z4 Ca5hf*M 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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