2022-12-31-accounts

	CONTENTS
		Page
Legal and administrative	information
Chairman's Report on activity
Report ofthe Trustees		10
Independent Examiner's	Report	14
Statement ofFinancial Activities		15
Balance Sheet		16
Statement ofCash Flows		17
Notes to the Accounts		18

Legal Advisors	Legal Advisors	Morris 6t Bates
		Ffordd Alexandra
		Aberystwyth
		Ceredigion
		SY23 1PT
Independent	Examiner	Nigel Kavanagh	Brown
		Chartered Accountant
		Tideswell
Bankers		HSBC
		19Great Darkgate		Street
		Aberystwyth
		Ceredigion SY23 1DE
		Barclays Bank
		32 High Street
		Cardigan
		SA43 1HH
Headquarters		Corris Railway Museum
		Corris
		Machynlleth
		Powys
		SY209SH
Charity No		506908
Constitution		The Corris Railway		Society	is a registered	charity. It is
		governed by a Constitution			dated 11th May	1968, with
		amendments up to		19th October 2019.

					Unrestricted	Designated	Restricted
					Funds	Funds	Funds	Total 2022	Total 2021
Income and Endowments			from:
Subscriptions					10,750			10,750	10,923
Donations &Legacies (including				GiftAidl	54,006		181,488	235,494	104,567
Charitable Activities					1,202		1,987	3,189	2,532
Grants					1,353			1,353	9,708
Other Trading	Activities				3,000		1,275	4,275	4,853
Investments					69		342	411	19
Other					1,126			1,126	2,782
Total					71,505		185,092	256,597	135,385
Expenditure	on:
Raising Funds					632		786	1,417	1,287
Charitable Activities					2,875			2,875	2,297
Depreciation					2,554			2,554	2,554
Other					307		40	347
Total					6.368		825	7,193	6.138
Net income					65,137		184,267	249,404	129,247
Transfers between		funds			64,137	64,137
Net movement	in funds				1,000	64,137	184,267	249,404	129,247
Reconciliation	of	funds
Total funds brought		forward			5,000	381,347	1,106,748	1,493,095	1,363,848
Total funds carried		forward			6,000	445,484	1,291,015	1,742,499	1,493.095

		31stDecember 202	2
			2022	2021
Net cash provided by operating activities (A)			250,526	128,140
Cash flows from investin	activities
Purchase ofproperty, plant	&equipment
Sums advanced to associated companies			93,100	131,652
Net cash used in investing	activities (B)		93,100	131,652
Net decrease in cash &cash equivalents		(A-. 'B)	157,425	3,512
Cash &cash equivalents at	the beginning	ofthe year	159,555	163,067
Cash &cash equivalents	at the end of	the year	316,981	159,555

				2022	2021
Net movement in funds				249,404	129,247
add depreciation				2,554	2,554
deduct grant transferred	from deferred		income	1,353	2,708
Decrease in creditors				65	953
Increase in debtors				144
Net cash provided by operating		activities		250,526	128,140

						Direct
						Expenses		Support Costs	Depreciation	Total 2022
Printmg &Stationery								632
Raffle costs								59
100Club pnzes								726		726
Pubflcity
Corns-Pondent	and Journal			Pnnung &Distribution		2,875				2,875
Museum buildmg		repairs
Acquisition, restoration			&	display oflnstoncal	artefacts
Subscrlptions
Legal fees								35
Bank charges							272			272
Governance costs								40		40
Depreciation									2,554	2,554
						3,	146	1,492	2,554	7,193
Comparative		Statement for 2021
						Direct
						Expenses		Support Costs	Depreciation	Total 2021
Pnnting &Stationery								424
Raffle costs								215		215
100Club pnzes								647		647
Pubhcity
Coma-Pondent	and Journal			Pnnting &Distnbution		2,297				2,297
Museum building		repairs
Acquisition ofhistoncal			anefacts
Subscnptions
Legal fees
Bank charges
Governance costs
Depreciation									2,554	2,554
						2,297		1,287		6,138

Total resourc	es expende	d are state	d after charging:
				2022	2021
Depreciation	(see note	1.8)		2,554	2554
Independent	Examiner's	Remuneration		Nil	Nil
Amounts payable under		operating	leases	Nil	Nil

6	Tangible Fixed Assets	Freehold	Land	Rolling Stock	Permanent	Museum	Fxhibits	Total
		&Buildings			Way	&Signs
	Cost	I					8
	At 1st January 2022	54,653		7,118	9,619		3,685	75,075
	Additions
	At 31stDecember 2022	51.653		7.118	9.619		3,685	75,075
	Depreciation
	At 1st January 2022		1,760	1,424	1,924		3,685	8,793
	Additions		880	712	962			2,554
	At 31st December 2022		2,640	2.136	'2,886		3,685	11,347
	Net book value
	At 1st January 2022	52.893		5,694	7,695			66,282
	At 31stDecember 2022	52,013		4,982	6,733			63.728
7	Investments
				2022		2021
	Corris Railway Company	Ltd
	Ordinary Shares (a, cost			19,660			19,660
	Current Account (owed by	company to Society)		877,845			790.268
				897.305			809,928

				2022	2021
Corris Tattoo Locomotive Company			Ltd
Ordinary	Shares	Qa cost		100	100
Current	Account	(ov,ed by company to	Society)	471,089	465,567
				471.189	465,667

			Notes to the accounts For the Year Ended 31stDecember 2022
8	Current Assets			2022	2021
	Debtors:				f
	Prepayments			144
	Cash:
	Deposit Accounts Current Account			31,010 100	25,751 100
	Tattoo Locomotive Fund Falcon Locomotive Fund Development Fund FOCRM fund Corris Station Appeal Fund Machine Shop Fund			35,384 100,705 129,591 16,539 1.451 2,201	24,770 18,859 69,549 15,712 2,814 2,000
				316,981	159,555
9	Creditors: amounts		falling due in less than one year
	Trade creditors			182
	Subscriptions in advance			890	761
	Deferred income Corris Utd FC utilttiea		bond	269 200	1,353 200
				1.542	2,314
10	Creditors: amounts		falling due after more than one year
	Members' Loans
	Life Membership Provision Deferred income			5,238 269	5,485 538
				5 507	6,023

11	Restricted Funds	Restricted Funds	Tattoo Loco	Development	Development	Carnage	Carnage	Carnage & Wagon
			Fund	Fund		Shed	Fund	Fund
								f,
	At 1stJanuary 2022		162,954		288,213		145,941	49,625
	Incoming	Resources	1,610		69,901
	Outgoing	Resources
	At 31st December 2022		Iti4,564		358,114	1455141		49,625
			FDCRM	Permanent	tvay	Falcon	Loco	0&K
			Fund	Fund		Fund		Fund
								f.
	At 1st January 2022		16,880		14,674	337,523		24,008
	Incoming	Resources	1,298				85,298
	Outgoing	Resources	746				79
	At 31stDecember 2022		17431		14,674	4c2.742		24 008
			gngme Shed Roof	Corns Station		Machme	Shop
			Fund	Fund		Fund		Total
						f
	At 1st January 2022		13,812		51,118		2,000	1.106,747
	Incoming	Resources			22,032		4,954	185,093
	Outgoing	Resources						825
	At 31stDecember 2022		I ', 812		7",150			1,291,015

tlnrcstricted Funds	General	Fund
	f
At IstJanuary 2022		386,347
Incoming Resources		71,505
Outgoing Resources		6,368
At 31stDecember 2022		451,484
13estgnated Funds

Analysis ofnet assets between	Analysis ofnet assets between	funds
			Tangible Fixed		Long-Term	Associated	Net Current
			Assets	Investments	Creditors	Companies	Assets	Total
Restricted Funds:
Tattoo Locomotive Fund				100		129,080	35,384	164.564
Development Fund						228,523	129,591	358,114
Carriage Shed Fund						145,941		145,941
Carriage &Waggon	Fund					49,625		49625
Friends ofthe Corris	Railway Museum						17,431	17,431
Permanent Way Fund						14,674		14.674
Falcon Locomotive Fund						322,037	100,705	422,742
O&K Fund						24,008		74,008
Engine Shed RoofFund							13,812	13,812
Corrie Station Fund						71,699	1,451	73,150
tMachine Shop Fund						4,753	2,201	6,954
Designored d'r Unresiricied Funds:
General Fund			63,728 63728	19660 1&760	5,507 5.507	358,594 1.348,934	15009 315.s83	451 484 ¹¹¹ii¹¹¹

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				A				0		o	9		g											0

					Unrestricted	Designated	Restricted
					Funds	Funds	Funds	Total 2021
							f.
Income and Endowments			from:
Subscripttons					10,923			10,923
Donations &Legacies iincludmg				GiftAtd)	15,723		88,845	104,567
Chantable Activtttes							2,532	2,532
Grants					9,708			9,708
Other Trading	Activities				3,000		1,853	4,853
Investments					4		16	19
Other					2,782			2,782
Total					412,139		93.245	135,385
Expenditure	on:
Raismg Funds					394		893	1,287
Charitable Activities					2,297			2,297
Depreciation					2,554			2 554
Other
Total					5,245		893	6,138
Net income					36,894		92,353	129,247
Transfers between		funds			36,894	36,894
Net movement	in funds				0	36,894	92,353	129,247
Reconciliation	of	funds
Total funds brought		fomvard			5,000	344,453	1,014,395	1,363,848
'Total funds camed		forward			5.001	381,347	1,106,748	1,493,095