## **Trustees’ Annual Report for the period**
**From 01 January 2023 To 31 December 2023**
**Charity name: Settle and Carlisle Railway Trust**
## **Charity registration number: 702724**
## **Objectives and Activities**
||SORP reference||
|---|---|---|
|Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The Trust is concerned specifically with the
railway lines between:
Settle and Carlisle
Blackburn and Hellifield
Settle and Leeds/Bradford
The principal objectives are:
a) the preservation, restoration, maintenance
and protection of such of the structures,
buildings, plant and
equipment on or adjacent to or connected with
the lines as are of historic, cultural,
architectural,
constructional or scientific interest, or exhibit
craftsmanship worthy of preservation;
b) the promotion of public access to the
structures and plant and public knowledge,
appreciation and
understanding of the architectural,
constructional, scientific and crafts features;
c) the promotion of public knowledge,
appreciation and understanding of the
historical and cultural aspects
of the lines and the area through which they
run; and
d) such other charitable purposes for the
advancement of education associated with the
lines and surrounding areas as the Trustees
shall think fit.
Strategies for achieving objectives|
|||Re. (a) above: The Trust's subsidiary company
takes on responsibility for structures on the
railway, either by long-term leases (e.g. station
buildings at Horton-in-Ribblesdale, Ribblehead
and Kirkby Stephen) or by ownership
(Stationmaster's House at Ribblehead), and
brings these into a good condition and
maintains them
accordingly.
Re. (b): The above properties are open to the
public - either for community use, or as holiday
let properties, or in the case of Ribblehead
station as a visitor centre, which is manned by
volunteers. The Trust is responsible for the
Archives and Library which are located at The
Folly in Settle. There are regular open days and
work is underway to make material available
on-line.
Re. (c): The visitor centre at Ribblehead station
contains displays about the building of the
railway, the construction of the viaduct, and
the building of the nearby Blea Moor Tunnel.
The Trust also supports guided walks to visit
some of the structures, in which information is
given about them.
Re. (d): The Trust has an internet website with
information about its activities: see http:
//www. sandctrust. org. uk.
The Trust has developed a model using aerial
images to explore the railway and nearby
features e.g. Archeological site. This is available
from a terminal at Ribblehead Visitor Centre
and also on-line at:
https://settlecarlisle. exploremoresettlecarlisle.
co.uk.|
|---|---|---|
|Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|We have referred and confirm the adherence
to the guidance contained in the Charity
Commission's general guidance on public
benefit when reviewing our aims and
objectives and in planning our future activities.
In particular the trustees consider how planned
activities will contribute to the aims and
objectives theyhave set.|
|Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees have had regard to the guidance
issued by the Charity Commission on public
benefit.|
**Additional information (optional)** You may choose to include further statements where relevant about:
SORP reference
Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
## **Achievements and Performance**
||SORP reference||
|---|---|---|
|Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|Ribblehead Visitor Centre continues to provide
a warm welcome for rail travellers and visitors
to the Yorkshire Dales. The café is very popular,
and we are grateful to the volunteers who
manage this. The Visitor Centre is the starting
point for a range of guided walks and tours.
We work closely with the Museum of North
Craven Life at The Folly in Settle which houses
our Archives and is home to the Railway Room
which tells the story of the Settle-Carlisle line.
Settle Carlisle Railway Properties continues to
successfully run our holiday properties at
Kirkby Stephen and Ribblehead. Work has
taken places at Horton-in-Ribblesdale during
the year to create another holiday property
and a café/bar: both are due to open in 2024.
Discussions with Network Rail are taking place
with the aim of creating a holiday property at
Cumwhinton, south of Carlisle.
We continue to work in partnership with the
Friends of the Settle Carlisle Line, the Settle
Carlisle Development Company, Network Rail
and Northern Trains for the benefit of those
who travel on the line and the communities
through which it passes.|
I would like to thank again the many people who contribute to the work of the Trust and its partners. Two of our long serving trustees retired this year. Edward Album was instrumental in the saving of the line from closure and has played a leading role ever since. Bishop Graham Dow has chaired the Trust and contributed in many other ways. We owe Edward and Graham a debt of gratitude and wish them well. Bryan Gray CBE DL Chairman
**Additional information (optional)** You may choose to include further statements where relevant about:
|Achievements against
objectives set|Para 1.41||
|---|---|---|
|Performance of fundraising
activities against objectives
set|Para 1.41||
|Investment performance
against objectives|Para 1.41||
|Other|||
## **Financial Review**
||Review of the charity’s
financial position at the end
of the period|Para 1.21|During the year the Trust has received income
of £1,060 from donations and £34,756 from
legacies.
Expenditure on charitable activities amounts to
£86,559 with an additional £20,000 being paid
out as a loan to Settle & Carlisle Railway
Properties Company Ltd and therefore net
expenditure of £70,743 has been realised|
|---|---|---|---|
|||which is in line with the Trustees expectations.
As at 31 December 2023 total funds carried
forward amounted to £171,765.|
|---|---|---|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The Trustees have reviewed the level of
reserves held by the Trust. The review
encompassed the nature of the income and
expenditure streams and the nature of the
reserves held by the Trust.
The review concluded that to allow the Trust to
be managed efficiently and to provide a buffer
for uninterrupted services, an appropriate level
of free reserves should be maintained.|
|Amount of reserves held|Para 1.22|The analysis of net assets between funds
shows that unrestricted free reserves
amounted to £170,954 (2022 £239,478) as at
the balance sheet date.|
|Reasons for holding zero
reserves|Para 1.22|N/A|
|Details of fund materially in
deficit|Para 1.24|N/A|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|After making appropriate enquiries, the
Trustees have a reasonable expectation that
the charity has adequate resources to continue
in operational existence for the foreseeable
future. For this reason, they continue to adopt
the going concern basis in preparing the
financial statements.|
**Additional information (optional)** You may choose to include further statements where relevant about:
||||
|---|---|---|
|The charity’s principal
sources of funds (including
any fundraising)|Para 1.47||
|Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|The Trust has a subsidiary undertaking, Settle &
Carlisle Railway Properties Limited, whose
principal activity is to acquire and hold
properties at the request of and for the
purposes of the Trust.|
|A description of the principal
risks facing the charity|Para 1.46|The Trustees have plans to introduce a formal
risk management process to assess business
risks and implement risk management
strategies. This will involve identifying the
types of risks the Trust faces, prioritising them
in terms of potential impact and likelihood of
occurrence, and identifying means of
mitigating these risks.
As part of this process the Trustees will review
the adequacy of the Trust's current internal
controls.|
The cost of purchasing indemnity insurance has been paid by the subsidiary company.
Other
## **Structure, Governance and Management**
|Description of charity’s
trusts:|||
|---|---|---|
|Type of governing document
(trust deed,royal charter)|Para 1.25|Trust deed|
|How is the charity constituted?
(e.g unincorporated
association, CIO)|Para 1.25|The Trust was established by Trust Deed dated
14th March 1990 which was amended by
Supplemental Deeds dated 17th September
1999 and 26th May 2015. The Trust is
registered with the Charity Commission under
the Number 702724.|
|Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of any
person or body entitled to
appoint one or more trustees|Para 1.25|Under the previous provisions governing the
Trust which are set out in the Trust Deed dated
24 May 2015, out of a total of nine Trustees,
the Friends of the Settle-Carlisle Line ("the
Friends" ) were entitled to appoint up to five,
with an obligation to have regard to the need
to appoint at least three Trustees with local
interest and knowledge or associated with local
authorities or bodies in the area. Network Rail
was entitled to appoint one Trustee and
the Trustees themselves had the right to
appoint not more than three Trustees. Under a
Supplemental Deed dated 31 December 2021,
the Trustees themselves have the right to
appoint up to five Trustees, the Friends
two, Network Rail one and the Settle 8 Carlisle
Railway Development Company one.
Trustees are appointed for a period of 2 years
and are eligible for re-appointment.|
**Additional information (optional)** You may choose to include further statements where relevant about:
||||
|---|---|---|
|Policies and procedures
adopted for the induction
and training of trustees|Para 1.51||
|The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|The Trust is managed directly by the Trustees,
with the assistance of the officers.
The Trust has a subsidiary undertaking, Settle
& Carlisle Railway Properties Limited, whose
principal activity is to acquire and hold
properties at the request of and for the
purposes of the Trust.|
||||
Relationship with any Para 1.51 related parties Other
## **Reference and Administrative details**
|Charity name|Settle and Carlisle Railway Trust|
|---|---|
|Other name the charity uses|N/A|
|Registered charity number|702724|
|Charity’s principal address|30 Dryden Street
Padiham
CURNLEY
BB12 8TQ|
|||
**Names of the charity trustees who manage the charity**
|1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**|
|---|---|---|---|---|
||Christopher William
Bray||||
||Allison Cosgrove||||
||Adrian Quine||||
||Bryan Gray||||
||John Ingham||||
||Rt Rev Graham
Dow||Resigned 30/09/2023||
||David Fletcher
Sides||||
||Donald George
Jary||||
||Edward Album||Resigned 30/09/2023||
||John Smith||Appointed 01/10/2023||
||Jon Tomlinson||Appointed 01/10/2023||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
## – Corporate trustees names of the directors at the date the report was approved
**Director name**
Name of trustees holding title to property belonging to the charity
**Trustee name Dates acted if not for whole year**
## **Funds held as custodian trustees on behalf of others**
Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
## **Additional information (optional)**
## **Names and addresses of advisers (Optional information)**
|**Type of**|**Name**|**Address**|
|---|---|---|
|**adviser**|||
**Name of chief executive or names of senior staff members (Optional information)**
## **Exemptions from disclosure**
Reason for non-disclosure of key personnel details
## **Other optional information**
## **Declarations**
**The trustees declare that they have approved the trustees’ report above.**
**Signed on behalf of the charity’s trustees**
**Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date**
||**Charity Name**|||||**No (if any)**|**No (if any)**|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||**The Settle and Carlisle Railway Trust**|||||**702724**||||||
||**Receipts andpayments accounts**|||||||||**CC16a**||
|**Section A Receipts and payments**
Period end date
01/01/2023
31/12/2023
**For the period**
**from**
Period start date
**To**
~~ee~~
~~ee ee~~
~~ee~~||||||||||||
||**Unrestricted**
**funds**||**Restricted funds**||**Endowment**
**funds**||**Total funds**|**Total funds**||**Last year**||
||**to the nearest £**||**to the nearest £**||**to the nearest £**||**to the nearest £**|||**to the nearest £**||
|**A1 Receipts**||||||||||||
|Donations|**1,060**||**-**||**-**||**1**|**1,060**||**659**||
|Legacies|**34,756**||**-**||**-**||**34**|**34,756**||**2,500**||
|Fundraisingincome|**-**||**-**||**-**||**-**|**-**||**-**||
||**-**||**-**||**-**||**-**|**-**||**-**||
||**-**||**-**||**-**||**-**|**-**||**-**||
||**-**||**-**||**-**||**-**|**-**||**-**||
||**-**||**-**||**-**||**-**|**-**||**-**||
||**-**||**-**||**-**||**-**|**-**||**-**||
|**_Sub total_**_(Gross income for AR)_|_(Gross income for AR)_
**35,816**||**-**||**-**||**35,816**|**35,816**||**3,159**||
|**A2 Asset and investment sales,**
**(see table).**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**_Sub total_ -**
**-**
**-**
**-**
**-**
**_Total receipts_**
**35,816**
**-**
**-**
**35,816**
**3,159**
~~——_————~~||||||||||||
|**A3 Payments**||||||||||||
|Raisingfunds|**-**||**-**||**-**||**-**|**-**||**-**||
|Rent|**1,000**||**-**||**-**||**1**|**1,000**||**1,375**||
|Insurance|**324**||**-**||**-**||**324**|**324**||**318**||
|Office costs includingwebsite|**797**||**-**||**-**||**797**|**797**||**1,420**||
|Professional fees|**-**||**-**||**-**||**-**|**-**||**1,914**||
|Accountancyfees|**1,979**||**-**||**-**||**1**|**1,979**||**2,673**||
|Bank charges|**32**||**-**||**-**||**32**|**32**||**44**||
|Project costs|**-**||**-**||**-**||**-**|**-**||**68**||
|Sundryexpenses|**209**||**-**||**-**||**209**|**209**||**-**||
|Grantspaid out|**80,000**||**2,219**||**-**||**82**|**82,219**||**-**||
||**-**||**-**||**-**||**-**|**-**||**-**||
|**_Sub total_ **|**84,340**||**2,219**||**-**||**86,559**|**86,559**||**7,812**||
|**A4 Asset and investment**
**purchases,(see table)**
Loan to Settle & Carlisle RailwayProperties 20,000
**-**
**-**
**20,000**
**-**
**-**
**-**
**-**
**_Sub total_ 20,000**
**-**
**-**
**20,000**
**-**
**_Total payments_**
**104,340**
**2,219**
**-**
**106,559**
**7,812**
~~——————~~||||||||||||
|**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|**- 68,524**
**- 2,219**
**-**
**- 70,743**
**- 4,653**
**-**
**- -**
**-**
**239,478**
**3,030**
**-**
**242,508**
**247,161**
**170,954**
**811**
**- 171,765**
**242,508**
~~SSSS]~~|||||||||||
CCXX R1 accounts (SS)
28/05/2024
1
Section B Statement of assets and liabilitles at the end of the period
B1 C••h fund•
1n.••4
170.••4
•11
Detsll•
B5
Av
## **Independent examiner's report on the accounts**
**Section A Independent Examiner’s Report**
**Report to the trustees**
Charity Name Settle & Carlisle Railway Trust
|**On accounts for the year**|31/12/2023||**Charity no**|702724|
|---|---|---|---|---|
|**ended**|||**(if any)**||
||||||
|**Set out on pages**|1-2||||
|||(remember to include the page numbers of additional sheets)||(remember to include the page numbers of additional sheets)|
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **31/12/2023** . **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
**Independent** [The charity’s gross income exceeded £250,000 and I am qualified to **examiner's statement** undertake the examination by being a qualified member of [insert name of applicable listed body]]. _Delete_ [ ] _if not applicable._
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## * _Please delete the words in the brackets if they do not apply._
**Date:** 21/08/2024
**Signed:**
**Oct 2018**
1
**IER**
## **Name:** Martin Borradaile
**Relevant professional** Institute of Chartered Accountants in England and Wales **qualification(s) or body (if any):**
**Address:** FIFTEEN, Montgomery Way, Rosehill Industrial Estate, Carlisle, CA1 2RW.
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Oct 2018**
2
**IER**
**Give here brief details of any items that the examiner wishes to disclose** .
**Oct 2018**
3
**IER**