2023-03-31-accounts - South Tynedale Railway Preservation Society

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			Page
Reference and administrative	details ofthe Charity,	its Trustees and advisers
Trustees' report			2-9
Independent examiner's report			10
Statement offinancial activities
Balance sheet			12-13
Statement ofcash flows			14
Notes to the financial statements			15-28

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2023	2023	2023	2022
		Note	E	F
Income from:
Donations and legacies			16,400	7,500	23,900	70,552
Other trading activities			96,225		96,225	55,518
Investments			15,969		15,969	5,126
Other income			14,453		14,453	5,726
Total income			143,047	7,500	150,547	136,922
Expenditure on:
Charitable activities			74,747	84,972	159,719	281,524
Total expenditure			74,747	84,972	159,719	281,524
Net income/(expenditure)			68,300	(77,472)	(9,172)	(144,602)
Transfers between	funds	17	510,936	(510,936)
Net movement in funds			579,236	(588,408)	(9,172)	(144,602)
Reconciliation offunds:
Total funds brought	forward		(221,698)	3,226,885	3,005,187	3,149,789
Net movement in funds			579,236	(588,408)	(9,172)	(144,602)
Total funds carried forward			357,538	2,638,477	2,996,015	3,005,187

						2023		2022
				Note		E
Fixed assets
Tangible assets						3,049,692		3,148,015
						3,049,692		3,148,015
Current assets
Stocks				12	4,638		4,051
Debtors				13	23,752		15,388
Cash at bank and	in	hand			170,907		117,594
					199,297		137,033
Creditors: amounts	falling		due within one
year				14	(20,760)		(40,193)
Net current assets						178,537		96,840
Total assets less	current		liabilities			3,228,229		3,244,855
Creditors: amounts	falling		due after more
than one year				15		(232,214)		(239,668)
Net assets excluding		pension asset				2,996,015		3,005,187
Total net assets						2,996,015		3,005,187
Charity funds
Restricted funds				17		2,638,477		3,226,885
Unrestricted funds				17		357,538		(221,698)
Total funds						2,996,015		3,005,187

	FOR TH	E YEAR ENDED 31 MARCH 202	3
			2023	2022
Cash flows from operating	activities
Net cash used in operating	activities		(28,689)	4,002
Cash flows from investing	activities
Dividends, interests and rents from investments			23,208	10,853
Proceeds from the sale of tangible fixed assets			85,500	3,017
Purchase oftangible fixed assets			(3,140)	(6,050)
Net cash provided by investing activities			105,568	7,820
Cash flows from financing	activities
Repayments of borrowing			(9,401)	(14,659)
Interest paid			(14,165)	(7,008)
Net cash used in financing	activities		(23,566)	(21,667)
Change in cash and cash	equivalents in	the year	53„313	(9,845)
Cash and cash equivalents	at the beginning	ofthe year	117,594	127,439
Cash and cash equivalents	at the end of	the year	170,907	/17,594
The notes on pages 15to 28 form part ofthese financial statements

Freehold property Long-term leasehold	property	- 2% reducing - 2% reducing		balance (land is not depreciated) balance
Plant and machinery		- 10%reducing		balance
Locomotives		- 1%straight	line
Track and signalling	equipment	- 5% reducing		balance
Rolling stock		- 2% reducing		balance
Other fixed assets		- 20% reducing		balance

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2023	2023	2023	2022
		F	F	F
Donations		12,111		12,111	9,189
Similar incoming	resources	3,767		3,767	4,484
Subtotal		15,878		15,878	13,673
Total 2023		16,400	7,500	23,900	70,552
Total 2022		69,626	926	70,552

					Unrestricted	Total	Total
					funds	funds	funds
					2023	2023	2022
						F
Shop,	ticket	and	other	sales	96,225	96,225	55,518
Total	2022				55,518	55,518

			Unrestricted	Total	Total
			funds	funds	funds
			2023	2023	'2022
			E	F
Rental	income		12,330	12,330	4,963
Bank	interest	receivable	3,639	3,639	163
			15,969	15,969	5,126
Total	2022		5,126	5,126

			Unrestricted	Total	Total
			funds	funds	funds
			2023f	2023	2022
Other	incoming	resources	14,453	14,453	5,726
Total	2022		5,726	5,726

	Unrestricted	Restricted
	funds	funds	Total	Total
	2023	2023	2023	2022
		E
Infrastructure	35,554	77,160	112,714	226,490
Train operation	39,193	7,812	47,005	55,034
	74,747	84,972	159,719	281,524
Total 2022	148,806	132,718	281,524

	Activities
	undertaken	Support	Total	Total
	directly	costs	funds	funds
	2023	2023f	2023 F	2022
Infrastructure	90,914	21,800	112,714	226,490
Train operation	68,596	(21,591)	47,005	55,034
	159,510	209	159,719	281,524
Total 2022	203,648	77,876	281,524

			Train	Total	Total
		Infrastructure	operation	funds	funds
		2023	2023	2023	2022
			f.
Depreciation		89,088		89,088	155,618
Track and station	maintenance	1,826		1,826	7,226
Events			5,179	5,179
Repairs to locomotives			21,183	21,183	1,159
Repairs to rolling	stock		3,386	3,386	598
Site maintenance			535	535	7,860
Health and safety					3,508
Rent and rates			1,600	1,600
Sundry operating	costs		5,719	5,719	1,858
Coal and diesel			6,030	6,030	4,801
Premises expenses			9,366	9,366	5,242
Insurance			15,598	15,598	15,778
		90,914	68,596	159,510	203,648
Total 2022		174,332	29,316	203,648

			Train	Total	Total
		Infrastructure	operation	funds	funds
		2023	2023	2023	2022
				F
Marketing			6,365	6,365	9,116
Telephone			1,223	1 223	1,285
Office costs			8,321	8,321	2,257
Premises expenses		4,566	22,681	27,247	25,034
Sundry and	other costs		3,107	3,107	3,725
Legal and professional			8,212	8,212	28,628
Finance costs		14,164		14,164	7,008
Profit on disposal offixed assets			(73,126)	(73,126)	(1,767)
Governance	costs	3,070	1,626	4,696	2,590
		21,800	(21,591)	209	77,876
Total 2022		52,159	25, 7'/8	77,876

11.	TANGIBLE FI	XEDASS	ETS
				Long-term		Track and
			Freehold	leasehold	Plant and	rolling	Other fixed
			property	property	machinery	stock	assets	Total
			F	F	F	E	F	F
	Cost or valuation
	At 1 April 2022		2,421,061	124,611	179,247	2,379,905	11,074	5,115,898
	Additions				3,140			3,140
	Disposals		(11,560)		(18,766)	(50,935)	-	(81,261)
	At 31 March 2023		2,409,501	124,611	163,621	2,328,970	11,074	5,037,777
	Depreciation
	At 1 April 2022		314,695	101,960	155,350	1,390,903	4,975	1,967,883
	Charge for the	year	39,728	453	3,857	44,928	122	89,088
	On disposals		(1,577)		(17,956)	(49,353)		(68„886)
	At 31 March 2023		352,846	102,413	141,251	1,386,478	5,097	1,988,085
	Net book value
	At 31 March 2023		2,056,655	22,198	22,370	942,492	5,977	3,049,692
	At31March 2022		2,106,366	22,651	23,897	989,002	6,099	3,148,015
12.	STOCKS
							2023	2022
	Stocks						4,638	4,051
13.	DEBTORS
							2023	2022
							F
	Due within one year
	Trade debtors						1,668	15,388
	Other debtors						2,350
	Prepayments	and accrued income					19,734
							23,752	15,388

			2023	2022
			F
Bank loan			7,592	9,539
Trade creditors			2,100	11,467
Other taxation	and social security			12,078
Accruals and deferred		income	11,068	7,109
			20,760	40,193

		2023	2022
Bank	loan	232,214	239,668

										2023	2022
										E
Financial	assets
Financial	assets	measured	at	fair	value	through	income	and	expenditure	170,907	117,594

STATEMENT OF FUNDS	-CURRENT YEAR
					Balance at
	Balance at 1			Transfers	31 March
	April 2022 E	Income E	Expenditure E	in/out f	2023 f.
Unrestricted funds
General Funds	(221,698)	143,047	(74,747)	510,936	357,538
Restricted funds
Restricted Fund	3,226,885	7,500	(84,972)	(510,936)	2,638,477
Total offunds	3,005,187	150,547	(159,719)		2,996,015

							Balance at
			Balance at			Transfers	31March
			1 April 2021	Income	Expenditure	in/out	2022
Unrestricted		funds
General Funds			(358,269)	135,997	(148,807)	149,381	(22'/, 698)
Restricted	funds
Restricted	Fund		3,508,058	926	(132,718)	(149,381)	3,226,885
Total offunds			3,149,789	136,923	(281,525)		3,005,187
SUMMARY OF FUNDS
SUMMARY OF FUNDS -CURRENT YEAR
							Balance at
			Balance at 1			Transfers	31 March
			April 2022	Income	Expenditure	in/out	2023
			E		f,
General funds			(221,698)	143,047	(74,747)	510,936	357,538
Restricted	funds		3,226,885	7,500	(84,972)	(510,936)	2,638,477
			3,005,187	150,547	(159,719)		2,996,015

					Balance at
	Balance at			Transfers	31March
	1 April 2021	Income	Expenditure	in/out	2022
General funds	(358,269)	'/35,997	(148,807)	149,381	(221,698)
Restricted funds	3,508,058	926	(132,718)	(149,381)	3,226,885
	3,149,789	/36,923	(281,525)		3,005,187

			Unrestricted	Restricted	Total
			funds	funds	funds
			2023	2023	2023
			E
Tangible	fixed	assets	411,215	2,638,477	3,049,692
Current assets			199,297		199,297
Creditors	due within one year		(20,760)		(20,760)
Creditors	due in more than one year		(232,214)		(232,214)
Total			357,538	2,638,477	2,996,015
ANALYSIS OF NET ASSETS BETWEEN FUNDS			- PRIOR YEAR
			Unrestricted	Restricted	Total
			funds	funds	funds
			2022	2022	2022
Tangible	fixed	assets		3,148,015	3,148,015
Current	assets		58,163	78,870	137,033
Creditors	due	within one year	(40,193)		(40,193)
Creditors due		in more than one year	(239,668)		(239,668)
			(221,698)	3,226, 885	3,005, 187

					2023	2022
					E
	Net expenditure for	the year (as per Statement		of Financial Activities)	(9,172)	(144,602)
	Adjustments for:
	Depreciation charges Dividends, interests and rents from investments Profit on the sale offixed assets Increase in stocks				89,088 (23,207) (73,126)	155,618 (10,853) (1,766)
	Increase in debtors				(587)	(4,051)
	Increase/(decrease) Interest paid	in creditors			(8,364) (17,486) 14,165	(9,720) 12,368 7,008
	Net cash provided	by/(used in) operating	activities		(28,689)	4,002
21.	ANALYSIS OF CASH AND CASH EQUIVALENTS
					2023	2022
	Cash in hand
	Notice deposits (less	than 3months)			82 170,825	60 117,534
	Total cash and cash	equivalents			170,907	117,594
22.	ANALYSIS OF CHANGES IN NET DEBT

			At 1 April		At 31 March
			2022	Cash flows	2023
				E	E
Cash Debt Debt	at due due	bank and in hand within 1 year after 1 year	117,594 (9,539) (239,668)	53,313 1,947 7,454	170,907 (7,592) (232,214)
			(131,613)	62,714	(68,899)