2024-12-31-accounts

Trustees’ Annual Report for the period

From 01 January 2024 To 31 December 2024

Charity name: Settle and Carlisle Railway Trust

Charity registration number: 702724

Objectives and Activities

Objectives and Activities	Objectives and Activities	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

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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 Para 1.17 and We have referred and confirm the adherence
1.19
activities in relation to those to the guidance contained in the Charity
purposes for the public Commission's general guidance on public
benefit, in particular, the benefit when reviewing our aims and
activities, projects or objectives and in planning our future activities.
services identified in the
In particular the trustees consider how planned
accounts.
activities will contribute to the aims and
objectives they have set.
Statement confirming Para 1.18 The trustees have had regard to the guidance
whether the trustees have issued by the Charity Commission on public
had regard to the guidance benefit.
issued by the Charity
Commission on public
benefit
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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

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SORP reference
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Achievements and Performance	Achievements and Performance	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	The organisations involved in the Leeds-Settle- Carlisle line (the Trust, The Settle Carlisle Railway Development Company and the Friends of the Settle Carlisle Line) have entered into a voluntary agreement to form the Leeds Settle Carlisle Line Association. This is a very positive step forward as the organisations seek to work together for the benefit of those who use the line, and the communities it serves. Settle Carlisle Railway Properties continues to successfully run our holiday properties at Kirkby Stephen and Ribblehead, recently joined by Horton-in-Ribblesdale where we have also opened a café/bar. We are working with Network Rail to convert the disused waiting shelter at Cumwhinton to a holiday let. A new venture, taking advantage of our project management skills and network of local suppliers, is to carry out project work for Network Rail along the line and further afield. Ribblehead Visitor Centre continues to provide a warm welcome for visitors to the Yorkshire Dales. The café is very popular, and a starting point for guided tours and other activities. 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 line.

Very many people contribute to the work of the Trust and the other members of the Association. I would like to thank our trustees and everyone who gives freely of their time and talents. Bryan Gray CBE DL Chairman

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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 £12,920 from donations, £11,180 from legacies and £52,868 of grants relating to the conversion at Horton In Ribblesdale Station. Expenditure on charitable activities amounts to £56,435 with an additional £10,000 being paid out as a loan to Settle & Carlisle Railway Properties CompanyLtd and therefore net

		expenditure of £62,868 has been realised which is in line with the Trustees expectations. As at 31 December 2024 total funds carried forward amounted to £182,280.
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 £169,387 (2022 £170,954) 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.

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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.

Other

The cost of purchasing indemnity insurance has been paid by the subsidiary company.

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.

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Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	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

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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
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Names of the charity trustees who manage the charity

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Dates acted if not for whole Name of person (or body) entitled
Trustee name Office (if any)
year to appoint trustee (if any)
Christopher William
1
Bray
2 Allison Cosgrove
3 Adrian Quine
4 Bryan Gray
5 John Ingham
David Fletcher
6
Sides
Donald George
7
Jary
8 John Smith
9 Jon Tomlinson
10
11
12
13
14
15
16
17
18
19
20
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– Corporate trustees names of the directors at the date the report was approved

Director name

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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

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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) Bryan Mark Gray Position (eg Secretary, Chairman Chair, etc) Date 16/07/2025