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|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|
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||||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|
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|||||||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|
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||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|||||
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|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|
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|||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||
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||||||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||
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||||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||
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2023f|2023|2022|
|Other|incoming|resources|14,453|14,453|5,726|
|Total|2022||5,726|5,726||
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||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||
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||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||
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||||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||
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||||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||
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|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|
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||||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|
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|||2023|2022|
|---|---|---|---|
|Bank|loan|232,214|239,668|
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|||||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||E||
|Financial|assets|||||||||||
|Financial|assets|measured|at|fair|value|through|income|and|expenditure|170,907|117,594|
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|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|
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||||||||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|
##
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||||||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|
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||||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|
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||||||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)|