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||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|
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|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.|||
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||||||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|
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|||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|
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|||||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|
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|||||||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|
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|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|
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|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|
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||||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|
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||||
|---|---|---|
|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
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||||||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|