Company registraiion number: 1766049 Charity registration numb¢r'. 514809 The Pontypool and Blaenavon Railway Company (1983) Limited (A MpanY limiled by 8uarant¢e) Annual Report Financial Siatements for the Year Ended 31 December 2023 HSJ Acuntants Ltd S¢vern House Hazell Drive Newport South Wales NPIO 8FY ADCRIC(2 3010912024 COMPANIES HOUSE A32
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The Pontypool and Blaengvon Railway Company (1983) Limited Contents Tnlet$, Report I to4 Independent EXamIn¢S Report Stsiement of Financial Activities 6107 Balance Sheei Not¢s lo the FingnGial Stst¢ment$ 9t016
The Pontypool and Blaenavon Railway Company (1983) Limited Trusteesl Report The trusteei. who are directors ftir the purp)ses of company law, present th¢ annuAI report together with th¢ financial statements of the charitable company for the year ended 31 D¢rnb¢r 2023. Objectives lld etivities Objects und The Railw4y Company exists to operate th¢ hcrit88¢ railway including resioration and maintenonce of railway diesel and st¢wn locomotives. railway wriages. railway wagons, buildings and infr&8tTUCturc. This is for the benefil, ple&sure and education of members and visitors to the rnilway. ObJecdvLt, SleS and ddlvities Thc Railway Iwd a busy And pr03pcrous throughout 2023. With it b¢in8 the 40th 8nniv¢r3Bry of the Railway w¢ welcomed a numb¢r of visiting locomotives. two ol which were the oldegl operational steAm locomotiv in the UK, in the forni of Furness Railw8y 20 and LNWR Coal tank 1054. I1¢ visitors were supplcmenlcd by Keightey G&sworks No.2, and Avonside "Crgnford" All passenger servic¢s were opernted by steam in 2023, with the majority being handled by RoSh No. l and Hudswell Clarke 1857, with 1219 in a supportin8 role. Work cL)nlinu¢d lo progress on the Diesel fleet and wc hope to welcomc di¢sel 3ervice3 once again at the Railway in 2024. Rosyth No.] p)pped over to the Dean For¢st Railway for their G81a weekend in October and performed perfectly: She did a gre&t job of flying the flag for the PBR! In March the Carriage and Wagon depaitnent lucky enough to r¢¢¢iv¢ Autocoach167 •nd unique 21T mineral wagon to join the home fleei. The team algo complded the long-tern) resloralion of th¢ LMS brake vgn, in timc for the 40th annivcrsary 'rccreation' trains. To mark the Railway's 40th annivers8ry on the August bank holiday weekend. Furness Railway 20 headed up the celebrations with Rosyth No.1 providing a recreation of the first passenger trains from 1983, with a single ach and a brake van, Work has cA)ntInu on TSO 4677 at Williton, ond it 18 n¢arin8 completion. The Railway hopes to have the TSO back in 2024 to bt8in the intuior r¢fil, rcady for operation lal¢r in the year. In Addition to the TSO, work on our I0m011Ve 'Ll8nt8rnam Ably. h&8 progr¢s$ed and the hope 18 to steam it again by 2025. Work on lOcM0(1ve '7151 S Mech Navvies, continues between Williton and Blaenavon and it 15 hoped the engine will b¢ back in steam by the end of 2024 well. Work h&8 been held up on both locomotiv¢g du¢ lo delay5 with contractorj. After many years of nmning on VolUnteer-Wer. th¢ Railway started inv¢stigating alt¢rnativ¢ options the operation had become bisger than thc swn of its parts. The Railway entered into an agreern¢nt with Christa Williams to oprraie thc Fircman's Shovcl Tcaroom on our behalf. Christa has improved the offuing inoluding the addition of a hot menu for the first time in A number of years. The Rallway 8r¢atly appreciates the contribulion made from the Pontypool and Blacnavon Railw8y Society for supporting th¢ a¢tivities of the Company. GOS Engineering Bnd Fitzgerald Plant continue to Use our facilities. tn August 2023 our Chair, John T4Wton pas1 away after a long-tcrni illn¢sy. John port of the Railway for over a dec*dc and could often be found in the ti¢kei otTice on running days. John had much enthusi&¥m oftd wfjs a gr¢at suprM)rter orth¢ Railway- he is greatly missed. Page l.
Tbe Pontypool and Blaenavon Railway CompaDy (1983) Limited Trustees, Report benefit The Ch8rity'3 obj¢divey and principal activities are to advance the education of the public in the history and d¢velopment of the Pontypool & Blaenavon RAilway. by restorin8 and maintatning the infr8structure to workin8 QTd¢r and op¢r8te the historic railway line sOCiated f8cilitie5 necessary to protecl and preyerv¢ the clwacter of the line. Th¢ tsusiees confirn] that theyrhave wmplI with th¢ requirements of geaion 17 of the Charities Act 2011 to have du¢ regard to the public benefit guidance published by the Charrty Commission for England and Waies. FiD4ncial review Policy on reserves The policy adopted for rerVeS is necess11Y driven by the restricted fimding oplions open to the ch¥ity. Th¢ objective is that WLrcstricted funds not nDiffed or inv¢st¢d in tartgible assets held by the charity should be sufficient to cover anticipated expendilure on a rolling three month period. Principalfundlng soMreeJ Funding for th¢ charity is derivrAI mainly from th¢ activiiies undertaken in pwsuit of its objectiv¢s. Referenct and Admi#istrative Detgilg Charity RegistrAlion Number.. Company Registration Number.. 514809 1766049 The charity is incorpor•t¢d in Wales. 33 Broad Street Blacnavon Pontypool NP4 9NF Registered OffirK: Independent ExamineT: HSJ Accountanti Lid Severn House HJz¢ll Drive Newport South Wales NPIO 8FY Page 2
The Pontypool aDd Blvdenavon Railjvvdy Company (1983) Limited TThsttts' Report Trnjfev •Trd offi¢¢rs The trustees and officers serving during th¢ year and 8in¢e the ycar end were as follows: Trustees: R A Cornelius A Gourlay A Hinshelwood S Mahabir John Paton Rob Polts (appointrd 25 August 2023) M4r¢us Perham c15 Bames (appoinied 7 February 2023) Structure• gov¢rnon¢¢ Dd moagem¢nt Nathr¢ 018overnin8 doe4n1 The Pontypool & blBenavon Railway company (1983) Limited w&8 fomied a company limited by guarantee on 31 (kiober 1983 and a re8iSt¢red charity on 10 February 1984. Recr¥ilmenl and appoin4m¢nl trltruslees The ¢harity 1$ led by a boaTd of trustees I director4 WE are Tecruited through 4 public recruiim¢nl pro¢¢ss. All trustees Bive their tim¢ voluntarily and r¢rKiv¢ no benefits from the charity. There were no exp¢nsvJ reclaimed by ¢N51¢¢s during the y¢ar. New Injstees appoinl¢d by the Board of TnCeS at meetings throughout the ye. based on selection against a regularly updated skills audit. St•tem¢nt of Trnjtees, Respon$lbilltieJ The trustees (who are also the directors of The Pontypool and Bla¢n8von Railwoy Company (1983) Limiled for th¢ Purposes of company law) are responsible for prcparing the tr1¢¢5, report and the financial statements in aOrdanCe with the United Kingdom ACUntIng Siandards Iunited Kingdom Generally Accepted Accountin8 Prnctitt) and applicable law and regulations. Company 14w requires the trustees to prepare ftnancial statements for ¢h financial year. Under wmp8ny law th¢ trustees mLL8t noi approve the financial ststcmerhls unless they are satisfied that they give a true and fair view of th¢ state of affairs of the charitabl¢ company and of its inrA)ming rtsour¢es and application of resources, including its incom¢ and expendilur¢. for that period. In preparing these financial statemenw the trustees are requiT¢d to: select suitsble a¢counting policies and apply them con3ist¢nily" observe the m¢thod3 and principles in the Charitie3 SORP: make judgements aj ¢stimales that are re&wnable and prudent. stste whether applicable UK Accounting Standards hav¢ b¢en followed, subject 10 any material depgrtur diwlos¢d and explained in the financial statements. aThl Pag¢ 3
The Pontypool and Blaenavon Rallway Company (1983) Limited Trustees, Report prepare the fmancial ststements on the going concern basis unle55 It is inappropriate lo presume that the charithble Company will rA)ntinuc in business. The tnL8tees are responsible for keeping adequate accounling records that are sufficient to show and explain the charitable company's transactions and disclose with rwonable accuracy * any time th¢ fmancial position of thc charitable company and enable them io ensure that the fmancial statements comply with the Companies Act 2006. They are also r¢sponJible for safeguarding the assets of the charitsble company And hen¢¢ for tfiking rOnable steps for the pr¢v¢ntion and del¢¢tion of fraud and other irrewlarilies. The annual rert W&8 approved by the Intee$ of the chArity on 27 September 2024 and 3ign¢d on its behalf by: Trustee Page 4
The Pontypool aDd BlaeDavoD Railway Company (1983) Limited IDdependent Examiner's Report to Ibe trustees of The PoDtypool and Blaenavon Railway Company {1983) Limited {"the Company") I report to the charity trt$ on my examination of the accounts of the Company for the year ended 31 December 2023. Respon8ibili¢ieJ and basis of report As the charity's trustees of the Company (and also its directors for the purpose5 of company law) you are resp)nsible for the preparation of the aco)unts in acwrdance with the requirements of the Companies Ad 2006 ('the 2006 Act,). Having saiisfied myself that the accounts of The PontypYJoI and Blaenavon Railway Company (1983) Limit¢d ar¢ not required to be audited und¢r Part 16 of th¢ 2006 Act and are ¢ligible for ind¢p¢ndcni examination. J r¢port in respect of my examination of your charity's accounts as carricd out under section 145 of the chitIeS Act 2011 ('the 2011 Act')- In clTrg out my examination J have followed thc Directions given by th¢ Charity Commission under section 145{5)(b) of the 2011 A¢1. IndepeDdeDt examltttr'4 ststement I have completed my ¢xamination. I confrn that no matters have rome lo my attention in connection with the examination giving me caus¢ to b¢li¢v¢: a¢Willn8 records w¢r¢ not kept in rc8PeCt of Th¢ Pontypool and Blaenavon Railway Company (1983) Limiled &4 r¢quired by 3¢¢1ion 386 of the 2006 Act; or 2. the accounls do nol'accord with tPK)se records. or. 3. the accounts do not comply with the cOUntIng Tequiremcnts of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which is not & matter congider¢d as part of an indepcndent cxamination. or 4. the accounts have not been prepared in (OrdanCe with the methods and principles of the Statemenl of ReCrnmended Practice for acr£sunting Teporling by charilies lapplicablc to Chariiies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irelgnd (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawm in this rep)rt in order lo enable a proper understandin8 of the accounts to be reached. ACCA Severn House Hazell Drive Newport South Wales NP108FY 28 Seplembcr 2024 Page 5
The Pontypool aDd Blaenavon Railway Company (1983) Limited Statement of FiDaDcial Activities for the Year Ended 31 December 2023 neluding Income aDd Expenditure Account and Stslement of Tolal Reeognised GAins and Losses) Unrestricted fuDds Total 2023 Not¢ ID¢ome *nd Eodowm¢nts from: Donations and l¢gaele$ Other trading livitieS Investment income. 39,849 200.438 1.298 39,849 200.438 1.298 Total income 241,585 241.585 Exp¢Dditure on: Raising f4fftds Charitable activities (251,676) 15,860 (251.676) 15.860 Total expenditure Net expenditure Net movemeni in funds 267,536 267,536 25,951 25,951 (25.951) (25,951) Re¢on¢iliation of funds Total fun&q brought forward 446.373 446 373 Total funds Carried forward 17 420 422 420,422 The not¢s on pages 9 to 16 forni an inteyal part of th¢$¢ fmanciai sleMents. Page 6
The PoDtypool and Blaenavon Railway Company (1983) Limited Statement of Financial Aetivities for the Year Ellded 31 December 2023 (In¢ludiDg In¢ome and Expenditure Account and Ststement of Total Recognised Gains and Losses) Uttrestrieted funds Tot1 2022 Note In¢om¢ •nd Endowments from: Donations and l¢g8CiVJ Other trading activities Investment income Other income 15.579 198,025 15,579 198.025 2.794 Totsl. incom¢ 216405 216405 Expenditsr¢ 00: Rai3ing fid$ Charitable activities <192,000) 20.232 (192.000) (20,232 Total expendiiure Nel income ' 212.232 212,232 4,173 Nel movemeni in fvnds 4,173 4,173 R¢¢oncllbati•o fjf funds Total fiuids brought forward Total funds urried forwoxd 442.199 442 199 17 446 372 446 372 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 17. The noles on pag¢s 9 to 16 fonn an inte1 part of these fina1?1 statemcnts. Page 7
The Pontypool alld Blaenavon Railway Company (1983) Limited (Registration number: 1766049) Balanee Sheet as at 31 December 2023 2023 2022 Note Fixed ag$¢ts T8]ble a98ets 13 216.592 201,548 Currettt Assets Stocks Debtors Cash al bank and in hand 14 15 500 9.763 soo 16,355 229,685 246.540 254,630 50,800 Credlton: Amoumti fallini due wlthln on• yeAr Net ¢yrrent ijsets 16 203.830 244.824 Net assets 420,422 446,372 Funds of the cbarity: Unr¢stri¢¢ed io¢ome funds Unrestricted funds 420.422 446,372 Tot#1 funds 17 420 422 446,372 For the finoncifyl y¢or cndin8 31 December 2023 the charity w&8 eniitled to exemption from Audit under section 477 of the Companies Act 2006 rel1n8 to smoll companie Direelors, responsibilities.. The members have not required the Charity to obtain 4n 8udil of its a¢wunts for the year in question in &crdanCe with section 476. and The directors acknowledge thcir rtsponsibiliiies for complyiog with the rquirements of the Act with respect lo accounting r¢cords and the preparation of aLxounts. The financial Jtatements on pages 6 to 16 w¢r¢ ¥proved by the trustees, and authorised for isJu¢ on 27 Sepiember 2024 And St¢d on their behalf by: Trustee The notes on page3 9 to 16 fonn an inte part of thes¢ finon¢ial ststements. Page 8
The Pontypool and Blaenavon Raihvay Company (1983) Limited Notes to tbe Financial St2temeDts for the Year Ended 31 December 2023 I Charity status The charity is limited by guarant¢¢, inc4>rporat¢d in Wales, and consequ¢ntly does not have share pital. Each of the truste is liable to ¢ontributc an amount not exceeding £1 towards the assets of the charity in the evenl of liquidation. The address ofits reg1cTed office is.. 33 Broad Street Blaenavon Pontypool NP4 9NF These fu)ancial statements were authorised for issue by th¢ trustees on 27 September 2024. 2 AtcouDflNg polltles SummAry of slEnlfitADt •¢¢ounrfng policits and key Iccounline e5timtes Thc principa] accounting policies applied in the preparalion of these finan¢ial Jtatements are set out below. Th¢s¢ policies hav¢ been ¢onsist¢nily applied to Bil the years presented unless othmyise slated. St#t¢ment of ¢omplian¢e The financi81 statements have been prepared in accordance wlth A¢counting and Reporting by Charities.. Stsiemeni of Re¢ommend¢d PrtiCe (applicable to charities preparing their a¢Unts in accordan¢¢ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) {i55u¢d in Odober 2019) (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and R¢publi¢ of Ireland (FRS 102) and the Companies ArA 2006. Basls of preparation Th¢ Pontywol and Blaenavon RAilw4y Company (1983) Limited meets the definition of a public bcncfit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transa¢tion value unless otherwise stated in the relevant accounting policy notes. Golng ¢oD¢trn The trustees consider that there are Th) material uncertainties about th¢ ¢harity'$ ability lo ¢ontinue &8 a going ncem nor any significant ar¢as of uncerfainty that affed the carrying value of as5¢ts held by the charity. Exempiloo from preparing * c•sh flow $tt*ment The charity opted to carly adopl Bulletin I published on 2 February 2016 and have therefore not included a cash flow slat¢m¢nt in these financial stslemcnts. Income And endowments Al! income is recogniscd once the chlty has entitlement to the income. it is probable that the income will be rec¢iv¢d and the amount of the income r¢c¢ivable can be measured reliably. Page 9
The PoDtypool Vdnd Blaenavon Railway Company (1983) Limited Notes to the FiDaDeial SlatemeDts for the Year Ended 31 De¢emb¢r 2023 DonAilons le8acle5 Donations are reCgnIsed when the charity has been notified in WTiting of both the amount settlement dale. In the ¢vent that a donation is subject to c4)nditions that require & lev¢1 of perfortnanc¢ by the charity before the dwity is entitld lo the funds. th¢ income is deferred and not recognised until either those conditions are fully met. or the fidfilment of those Conditions is wholly within the control of the charity and it is probable that these condition5 will bc fulfilled in the reporting period. Lega gifts ar¢ recognised on a case by we b15 following the grant of probate when the admiThistratorl¢x¢culor for the ¢$tal¢ has comMunited in writing both the amount and senlemenl datc. In the event that the gift is in the forn) of On ass¢1 other than ¢h or a fmgn¢ial asset traded on a recognised 31ock ex¢hgnge. regnItiOn is subject lo th¢ valu¢ of th¢ gift being reliably mwurable with a dcgree of re&sonable accuracy and the title to the asset having been tromsferred to the charity. Inveslmeni Income Divid¢nds are re<o8ni5ed once th¢ dividend h&8 been declared and notification has beeft re)Ved of thc diYid¢nd due. Expenditure All expendifure is recognised once there is a Ic8al or construcliv¢ obli88tion to that expenditure, it is probable settlement is required and the amouni can be measured reliably. All 315 allo¢ot¢d the applicable expenditUTe heading ihal aggregaie similar Costs to that cat¢gory. Where costs cannot be directly attributed to particular headings they have been allOted on a basi8 consisient with the use of resources, with ¢entral staff costs allocated on the b&8is of time spent, and depreciation charg¢s allocaled on the portion of the &5set'5 use. Other support Costs gre allocated based on the spread of staff costs. Ralsinz Jundf These are costs incurred in attracting voluniary income, the rnAna8cm¢nt of investments and those incurred in trading activllies that raise funds. Ch4rliAble 4cthililes Charitable expenditure comprises those costs incurred by the charity in th¢ delivery of its activities and services for its beneficiaries. It includes both costs that con b¢ allocated directly to such activities And those wsts of an indir¢¢t nat n¢ces$gry to support them. Support costs Support Costs include central functions and have been allocated to activity cost categories on a basis eonsislent with the use of rc$ourc¢s, for example, alloc&¢ing property r4)sts by floor areas, or per ¢apit4 staff cosls by the time spent and other co$ts by their usage. Govtrn4D¢e ¢osts These in¢lud¢ the ¢05ts attributabl¢ to the charity's compliance with constifutional and statutory requirements. including audiL strategic manaEem¢nt and Intee5.$ meetings and reimbursed expenses. Page 10
The Pontypool aDd Blaenavon Railway Company (1983) Limited Notes to the Financial Statements for Ihe Year Ended 31 December 2023 T•x4tion The charity is considered to Pg35 the te$ls set out in Paragraph I Schedule 6 of the Finance Act 2010 atMI therefore it meets the definition of a charitabl¢ wmpany for UK corrA)ration l&x purposes. Accordingly, the charity is potentially exempt from t&xation in respect of income or capithi gains r¢¢eiv¢d within categories tL)vered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the T&%ation of Charge8bl¢ Gains Act 1992. to the extent that such income or gal aT¢ applied excI1Vely to charitablc Purposes. Tanzible fixed tndividual red 85s¢ts cosling £500.00 or mor¢ are inilia]ly record¢d at cost. Depretigtion And *rnorti$ation D¢pr¢¢iation 1$ provided on tangible fu(ed assets yo 10 write off thc 5¢ or valu100 less any cstimatcd residual value, over their exp¢¢tcd useful economic life &$ follows.. Ajjet class Land & buildings Plant & mhInery OtTice equipmenl Track & rolling stock Depre¢lation meebod #Dd rat¢ 4V• on ¢ost 250/0 reducing balance 25Yo reducing balance l OJ/• reducing balance Stock StsKk 13 valued at the low¢r of cost and estimated sellin8 price less costs to compl¢tc and sell. after du¢ r¢wd for obsolete and slow moving slocks. Cost is ddennined using the fust-in, firstryout (FtFO). Trad¢ d¢btori Trade debtor8 or¢ amounts du¢ from cusiom¢r8 for merchandise sold or services performed in the ordinary rA)4ws¢ of business. Trade debtors arc rccognised initially at the transaction pri¢¢. They are 5ubs¢quenily tneasur¢d at amortised cost Using the effective interest method, less provision for impairment. A provision for the itnpairnient of trade debtor3 is established when there is objeciive evidence that the chlty will not b¢ able lo collect all amounts duc arxording to the original tenns of the re¢eivabl¢s. Cub and tash equival•nts C&sh and cash equivalenis comprise on hamd Call dewsity and other short-t¢rm highly liquid investments that are readily ¢onvertible to a known amount of clqh and 8re subject to an InsilfiCant risk of han8e in value. Trnde creditord Trade creditors are obligalions to pay for goods or services that have been acquired in the ordinary couThe of busin¢ss from suppliers. A¢counts payable are cl&ssifi¢d as current liabilities if th¢ charity do¢3 not hav¢ an unconditional right. & the end of thc porting pcriod, to defrr scttlem¢nl of th¢ ¢rcditor for at leasl twelve morhths after the reporting date. If there is an unconditional right to defer settlcm¢nl for ai le&8t twelve months after the reporting date, th¢y 8r¢ pre¥cnted &8 non4ciirrent liabilities. Trade creditors a recognised initially at the trBnsaclion pri¢¢ and subsequently measured at amortised cost using the ¢ff¢¢tive int¢r¢st method. Pagell
The Pontypool and Blaenavon Rgllway Company (1983) Limlted Notes to the FSDaneial Statements for tbe Year Ended 31 December 2023 Fund stru¢tur¢ Unrestrided income funds oJe g¢n¢rnl funds that are available for use at the trustees discretion in furt1Ce of the objectives of the charity. Designated fijnds are unrestricted funds set aside for specific purposes at the discretion of the trustees. 3 In¢om from don4tloni •d legacl Ullrestricted runds GeDeral Tot1 2023 TotAI 2022 Donations and legacies. Donation5 from individual$ Legacies Regular giving And capital donaiions 4,027 30,891 4.931 4.027 30.891 4,931 13.172 39,849 39.849 15.579 4 Ineome from other trdlthi A¢tlvltls Unreitricted fundj GeDewl Totil fuDdJ TotAI 2021 Trading income, Ticket, cafe and 8eneral sales Loco & tTack hire sales 181,543 18,895 200,438 181,543 160,585 37.440 200,438 198,025 5 Investment ineome Unrestricted funds Gen¢r*l Total 2023 TotAI 2022 Inter¢st r¢¢eivable and $imilttr inwm¢' Interest receivable on bank deposits 1.298 ,298 Pag¢ 12
The Pontypool and Blaenavon Raihvay Company (1983) Limited Notes to the Flnan¢lg1 Statements for tbe Year Ended 31 December 2023 6 Expeuditure on rni$illg funds A) Costs of trading ctivrfies Unrestrirted TotAI 2023 Tot1 2022 GenerAI Note Costs of goods sold Depreciation, amorti8ation and other similar costs Other dire¢t costs of activities for 8cncratin8 17.869 17,869 12,590 23,458 23,458 17.607 210,349 210 349 161.803 251.676 251,676 192,000 7 Expeodi¢ure OD cbaritsblt Activities UDrestricted funds General Total 2023 Totil 2022 Note Allocated support C03ts Gov¢rnance costs 13.575 2,285 15.860 13,575 2.285 17.547 2.685 15,860 20,232 8 All•lysts of iov•rnall¢¢ 4nd Jupport tojts Governance tosts U•re8¢rirt¢d rullds GeD¢r41 Total 2023 Tot41 2022 Independent examiner fe¢3 Examination of the financial statements Lega] f¢¢s 1,680 605 1.680 605 1.600 1.085 2,285 2.285 2.685 P88¢ 13
Tbe Pontypool and Blaenavon Railway CompaDy (1983) Limited Notes ¢0 Ibe Financial StalemeDts for the Year Ended 31 December 2023 9 Net itt¢t)minrJoutg•inz resources Net (outgoingyincoming resources for the year include: 2023 2022 Depreciation of fixed Sets 23,458 17.607 10 Trnsteej remuneration and expenses No tnlee3. nor any persons connected with them, received any remuneration from the charity during the No trustees have received any rcimburscd up¢nKs or any other benefits from the charity during the year. 11 lttdep•thd¢nt e%AmlD¢r's remuDeratloD ZO23 2022 Examination of the fmancial statements 1.680 1,600 12 Taxation The clwity 15 8 r¢gi$tered chBrity and 15 therefoTe exempt frorn ttion. A3 TAnzibl¢ fixed a$$ets Lgnd and buildings Furniture Ithd ¢quipmeDt Motor vebiclej T•t41 Colt At l Januory 2023 Addilions 169,675 153.291 34.010 113,190 100 436.156 38,502 At 31 Deczmber 2023 174.067 187.301 113290 474,658 D¢pr¢¢i*tion At l January 2023 Charge lor the year At 31 December 2023 39.257 6.963 122.374 12.474 72.977 4.021 234,608 23.458 46,220 134.848 76.998 258.066 Net book value At 31 December 2023 127.847 52,453 36.292 216.592 At 31 December 2022 130.418 30,917 40,213 201,548 P8ge 14
Tbe Pontypool aod Blenavon Railway Company (1983) Limited Notes to the Financial Statements for the Year Ended 31 December 2023 14 Sto¢k 2023 2022 Stocks 500 500 15 D¢b¢orJ 2023 2022 Trade debtors VAT recoverable 5,924 3,839 10.136 6.219 16.355 16 Creditsrs: m•ullts falling due withln one yea 2023 2022 Trade Creditors Accruals 49.038 1,762 1,716 50.800 1.716 17 FuDds B418n¢¢ it 31 De¢•rnber Jnury ReJour¢¢s ¢xpend¢d 2023 rtsourc¢s Tr•nsfer4 2023 Unrestri¢t¢d funds General General Unrestricted Funds 401,105 241,585 (267,536) (2.100) 373.054 Designated Engine Desiated Funds 45.268 2.100 47.368 T•tAI fundi 446,373 241,585 267.536 420,422 Page 15
The Pontypool and BlaellaVOD Railway Company (1983) Limited Note5 to tbe Financial Statemellts for tbe YeAr Ended 31 December 2023 Blaoe• at 31 De¢¢mb¢r 2022 Bl8nce At I janry 2022 Incoming resour¢¢s Resources expended Uttrestritted funds Genernl General Ut)r¢stri¢ted Funds 396,931 213,611 (212.232) 398.310 D¥Sed Engine Dcsi8nated Funds 45.268 45,268 Total fundg 442.199 213.611 212,232 443,578 18 An4ly$is of D¢t A$sets between funds TotAI funds llt 31 December 2013 Uthres¢rl¢t¢d fvDd$ GeDernl Desi8llAted Tgible fixed as3cls Curreni assets Curr¢nt liabilities 216,592 207.263 50.800 216,592 254,630 50,800 47,367 Total net assers 373.055 47,367 420 422 Total fund5 at 31 D¢¢ember 2022 Unr¢3tri¢¢¢d fund$ GeDer•l DeJlgn4ted Tan8ible fixed ossets Current &ssets Currcni liabilitie5 201.548 201.272 1.716 401,104 201.548 246.540 .716 45,268 Total nel assets 45,268 446.372 Page 16