Chairmans Report AGM 5[th] April 2025 The past year has once again been one of continued success and growth not only to our Association but also to the railway and the museum as a whole. This is testament to the hard work everyone has carried out and it really pays off, we should all be proud. The 2024 season has been filled with new ventures. We have seen a very successful exhibition into the social and railway history of Backworth which offers a glimpse into our growing and fantastic archive. In July our Model Railway Exhibition proved a huge success and allowed us to make new connections within the hobby. Our continued use of our own resources has allowed us to run some superb freight demo days and photo charters, again proving that we can do a lot with what we have and inspiring us to do more. We have also seen the restoration of our Shell BP Tank wagon which marks the start of the overhaul of the fleet of tank wagons we have on site. The Waggonway Tearoom once again had a record year and continues to enhance the visitor experience and provides a huge financial support to allow us to complete vehicle restoration, put on events and invest in the improvement of the railway. A new addition to the site that will be having its grand opening this Easter is the North Tyneside Light Railway. We started to see this emerge over the season with a demonstration at the Model Railway weekend in July however major construction couldn’t begin until later in the year. There has been a significant amount of work and resource that has gone into this and I’m sure this will be a success. Moving into 2025 we have a packed year of events and interesting things happening, we are hosting a month long history event, hosting our 2[nd] Model Railway Weekend and looking forward to the return of Ale by Rail. We are moving from strength to strength, gaining more members, getting loads of positive feedback on social media and generally continuing to make a good name for ourselves. The site has never looked better and it continues to do so. Thank you to everyone for everything you do, we continue to grow and develop in extremely positive ways creating a really strong and positive place we can all be proud of. Please continue to encourage, to learn and to do what we all do best. I would like to continue investing in the site and taking on new projects to showcase what we do. Michael Wortley, Chairman CHAItIlY COMMISSIO Ol ENGlAT￿ ANO WALE Receipts and payments accounts CC16a fmm Section A Rocoipts and pa ments Unr••tnu•d R**+neted £natsw4menV TOW fdnds Lam¥ AI 14K• 1Jrfs lJl9 141 14754 i•.Ji• 424 labhl. 17.751 &1n reh• 4éJo T0￿p• 23. 1&171 Jh 14MKts Section B Statement of assets and liabilities at the end of the period Unrp¥trttt•d ÈndohTr¢nt 81 C*•h f4nd• 4Yal d• D•tAITI 79) R4 i• 47 86 Uabllll•% ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/** Charity Name **members of** North Tyneside Steam Railway Association **On accounts for the** 28 February 2025 **Charity no** 508092 **period ended (if any) Set out on pages** 2-3 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the period ended **28 / 02 / 2025** . - **Responsibilities and** As the charity trustees of the Trust, you are responsible for the preparation **basis of report** of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent** I have completed my examination. I confirm that no material matters have **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. **Date:** 03/4/25 **Signed:** ~~|~~ **Name:** Lisa Forrest ~~Pe~~ **Relevant professional** Retired Chartered Accountant (ICAEW until 31 Dec 22) **qualification(s) or body (if any): Address:** 95 Village Court Whitley Bay NE26 3QB 1 CHARITY COMMISSION FOR ENGLANLI ANO WALES North Tykxside Steam Raihwy As%>cwli< Receipts and payments accounts CC16a For the period 01nJ1Q4 To Section A Receipts and payments Unre4rirted funds Restricted lunds Endowmènt funds Totsl funds Last year loth? I￿￿251 £ to1￿ Morest£ r•*•RStÉ tothe nernt£ toth? nernl£ A1 Recei MembeTshi 1.319 114 19.316 1.319 12.480 19.316 eèroom ReceiF Events 9,148 14.754 1,547 J09 D￿atror 424 e Sde6 and 1,514 nterest Sub total(Gross inconE for AR 2 Asset and investmttnt saks. 27,172 Sub tolal Total rnt•ip 39,C173 A3Pa 128 Pay P¢￿tage èfheAth 24 ettel 435 estorabon ProJeGts Events 13Cb) 1300 IJ￿5 148 823 17,756 s￿lIa￿e0 148 10.C•)O 4.831 earoom RunnirvJ &171 5.171 Sub toia 35.047 4 Asset and investment urehas•s, tabl• Mothl Rai 310 316 3.199 764 iatuie R* Sub tota Tolal Pa￿T￿en Net of r•t•imW(payments A5 Translers be￿￿n funds A6 Cash funds last year end Cash funds this yur 1&171 15,171 14,017 Section B Ststement of assets and liabilities at the end of the period Unrestncted R¢sth¢te funds funds Endowment funds to I￿r•ste B1 Cash funds In Hwd Pa￿etu￿Bar￿•rfc4Id ufr￿t￿unt 24297 4.701 Total cash funds 29.188 Unr•$trbct¢d funds Restricted funds Endowment funds W) rwreste ty) n&grest e F￿d to whKh Current value lopthMal Details B3 Inv•stm•nt 485tts Currwttvolu• B4 Assets retalned for the ¢harlty'$ ovm Unrestnrted fi&nd5 79) UnF*triledfutKJ¥ ¢Th¢ Benthe314 off> unres1n(￿fjJTh R•I￿eY Uniestnded fvr ear￿7 A88ets UnTesthdÈd 10 Unreskn(tedfur niaure Rathy Unre¥kn(tedfurw Unre8trttedfv 1219 du• VITr￿￿ due B6 Uabllttles SMJn8d try on8 trusthos ( bphaN of all the tr￿￿te$ D8te of approval ignature Print Name