Charity registration number: SC047682 Waverley Route Heritage Association SCIO Annua] Report and Financi￿ Statements for the Year End¢d 31 March 2025 Waverfey Routs Herltsge Association SCIO Contents Trustees, Report 2to4 Independent Examin&8 Report Statem¢nt of Fijwicial Activities Balancc Sheet Notes to the Financial Ststell￿Dts 8t014 Waverley Route Herltage Association SCIO Reference and AdMI￿trative Detsils Seeretsry Charlty R¢gi*tradon Number SC047682 PrIne1p￿ Offiee Independent Ex*mlner Deans Accowjtants aDd Business Adviso Independent Examiner 27 North Brid8e Street Hawick TD9 9BD Page I Waverlry Route Heritage Association SCIO Trustees, Report Tbe trustea present the annual report together with the financial ststernents of the cljarity for the year etded 31 March 2025. ObJe¢tfvu and ictmtles Objects anda The organisation's purposes are the fi￿ther￿ hnd pmmotion of pres¢rntion of the history and heritage of the forn*r 'Wav¢rl¢y" routs of railway bctwecn Edinburgh and Carlisle, throu￿ the Scottish Borders and in particular. 4) To pre8erK and protect any item of historical intcrest from the fornKr Waverley Route including, but not limitcd to". Ststions. Platforn￿, Hou8¢4 BuildiD8s. Bridges. Viadu¢ts. Tu￿￿1$ Station and Railway signs, Rail, Sleepers 8nd a&80¢iated items in OT as near to their On￿ti￿ forni a5 possibletr paperworl m4)pin& photographs and all other forn of documentation, whetb¢r writto audible or visu￿. b) To gain listed building status for 8uThiving r3ilway 8tru¢tsm kn necessary for their prntection, including but not limited to Station4 Platforn￿, Hou8c4 Buildin84 Brid8e4 Viaducts, Tunnels and other as80¢iated structures deemed by the As8oci8tion to be monuments dedi¢ated to thos¢ ￿ built them and to th08e who lost their liv¢8 in the process: and ) To guide. belp and if necessary oversee any oTgaDiS&tion OT iTJdividual regarding or ￿nCerned with prnervation of the heritage of the fornxr Waverlcy Route. A¢hltvements and perfomnce As at 31 March 2025 th¢ nKmb¢rshqi 81ood at 200. The Class 142 030 has required sttvicin8 for most of the year thicb has ztwlted iti other jobs b¢in8 Put on the back burner. The lack of inside aG¢ommodation h&s added to the problem and in bad weAthcr re5triG*d the jobs to be done. The volunteers have done excellent work in these conditions. The other unit 019 will requiTe 8erYi¢ing al80 or to be used as sparej. The activiti¢8 ¢arri¢d out during the year wue Concentrat￿ OD re8toration of vehicle8 and movern¢nts. The railbus is 80in8 to Fife, the brth van is a180 Icaving for CaTli81¢ or Brechin. The LMS plank wagon hos had its floor and sides finished. This has been painted and just needs numttring and other infornmtion completed to be restorcd to its OTiginal ¢ondits'on. This again will b¢ 8 6tati¢ display but will be included in a dernoDstration in the firture. The n￿ill fimetion of the I has been as a worksbop for e81ential ￿￿IntenanCe work and 10 8tore 8tock. The Cla88 26 i5 thic to leave Whty for Easlri88s in the near futwe. The buffet coach needs firther work done on maknng it wat¢rpToof and floor pfttching is ongoing. The exhibition Goach is bein8 revan¥)￿ and cxknbits changed for n¢xt 8¢080n. The sl¢¢per Goarb is being pr¢pared for fithKe use in ¢onjunciion with the exbibition and IB to ￿ relorAt¢d in area oll¢. Ruston dicsel shunter is being prepared to replatt Phrto and this will be completed in the last quartcr of 2025. The mineral wdgoll has been kept in stora8e during this p¢riod and is due to leavc th¢ sile. A grant from Muirhall Energy has alloThrd vs to buy points and track8 for ar¢ 2 and the 8ignals fro)n Dunblane and Stirling will b¢ erectcd with help from ¢onlractor5. FlnaDel*l revlew Unr¢striGted reseTYes anwunted to £52.7fKI to b¢ sp¢nt 801ely for the cEwitable al￿￿ and objcctives of the SCIO. Page 2 Waverley Route Heritage ABsociation SCIO Trn8tees' Report (COD1iDued) Pollcy OR reserves The tntss, policy is to retsin 3 yeaTS Worth of rumi1￿ wsts in OTdcr to m¢¢1 conm)itnMts . Thrtt years nmning costs Staud at £18,000. StrD¢tsr& £overn*nce and managen*nt Nalure olzovernimz docume The Clwity 18 a Scottish Charitsble Inworated Organisation (a SCIO). It was rep5tered in its current legal forn) on 31 August 2017. The clJArity was PTeviousty an unillcorpordt¢d a550¢iation but changed its legal forni to a SCIO. The assets of th¢ Unin￿rpOrated 4880¢iation were transferred to the SCIO on the 31 Au8USt 2017. It IMS a two tier structure and as such the tn￿tr¢S need not be nxrnbers of th¢ dwity. Reernllmeni appoinlmenl ofrfrA*eeJ Thc executive committee are the ch￿1￿5 trustce& memknhip of the cxccutive committee is open to all members, the board rnay al any tin￿ appotiit A non-member of the Organis￿l0n to be a tsytstee on the basis that they have specialist cxperience Rndlor skills Twbich could be of assistance kn th¢ boar Tru5tces can be elKted by thc board at any IIDX and by th¢ m¢mber8 al the AGM. Tber¢ must be a Minimum of 3 and a Kinllun of10 tru8tee8. FIDandal Initrumethts Objedlws 4ndpollcles The charity's ￿tiVItIeS expose it to a number of risks includiD8 credit risK cash flow risk and liquidity risk, The use of flnanciaL derivatives is governed by the clwity's poli¢ic5 approved by the board of I￿￿te¢l which provid¢ vnitten prin¢iples on the u8¢ of finAncial derivativcs to th¢8¢ TisL8. The charily does not ￿e derivativc fina￿1¥1 instnunent8 for speculative purposes. Cashflow The cbarity'8 activities expo8e it primarily to thc financial risks of change8 in fo￿1￿ arrency ex¢bange rates and intcrcst rat¢8. The ¢harity uses foreign exchangc fonvard contracts and interest t8te swap contracts to hedge these exp081res. loterest bearillg a88ets and liabilities are held at fjxed rate to cnsure certsinty of cash flow5. Crorti¢s and customers. Llquldlty In order to m#intsin liquidity to ensun that sufficient funds are av8ilabk for ongoing operations and future developments, the Cbariiy uscs a mixtir of I¢￿8-tem1 and short-tcrni debt finance. Further details re8ardin8 liquidity ri8k Can be fO￿d ill the Statenxnt of a￿￿￿tIng policies in the fmancial ststements. Page 3 Waverley Routs Heritage Association sao Trnstee8' Report (conthiued) staternent of Trusttts, Respowlbllities Tr (Th￿tee8 are re5PQD3ible for prcpariog the In￿¢¢$, r4x)rt and the fmancial Statem￿ in accordance with the United Kingdom Accoutiting Standards Iunited Kingdorn Generally Accepted A¢¢ounting Pwtice) and applicable law and regulations. The law appli¢2ble to (I￿ltieS requires the tswtees to prepare financia] statements for each financiaj year whicb give true and fair view of the stat¢ of affairs of the chwity and of the incoming resources application of rcsources of the charity for that period. In preparing these fitwicia] ststements. the In￿e￿ are required to: select suitsble accounting Jy)Ji¢i¢8 and then 4Jply them ¢oNist¢ntly: obserK the methods and principles in the CbArities SORP,. state ￿beth￿ applicable ae¢ountin8 Stand￿8 ha￿ been folloThTht 8ubixt to any Materi￿ depart￿eS di8elo8ed and explained in the financial statements; and epare the fina0¢1￿ 8tstemenr8 on the 80inB ¢otrxrn basis unle88 It 18 inappropriate to pttsume that the charity will continue in business. The tru5tee8 are rcsponsiblc for kttpin8 propcr accounting rccord8 that disclose with rea8onablc accwAcy al any lirn¢ the fitwicial position of the ckwity and cnablc th¢Jn to etw¢ that the financiaj statements comply with the Charilie and Trustee Investrknl (Scotland) A¢t 21J05. the Clwity A¢¢ounts (Scotl￿)d) Re￿latIOnS 2006 (88 amended). and the provisions of the coD3titutsoTh The tru8trt8 gr¢ 8180 responsible for safeguatthDg the asscts of the GhArity alld bcncc for lakinB reasonable 8*P8 for tbe prevention and detection of fraud ond other itte8u18ritie8. The trustees are re8ponsible for the nwinlenan¢e and inte8rity of the ¢ory￿re and fllw)cial inf0m￿tion included on the haritable roryan￿8 website. Legislation governing the preparation and dissemination of financial statements may differ from ]e￿818tioll in other jurisdictions. Thc anmMI report approved by the trustees of the ch￿lty on 16 Decellthtt 2025 and SI￿ on its behalf by: T￿stee Page 4 Waverley Route Heriéage Association SCIO Independent Examfiner's Report to the trnstees of Waverley Route Heritage Association SCIO I report to the trustees on my eXamI￿tion of th¢ acco￿ts of Waverley Route H¢ritag¢ Association SCIO foT th¢ year ended 31 March 2025. Re4)onslblUtk4 and buil of report As the charity trustees of Wav¢rl¢y Route H￿lts8¢ A580ciation SCIO you ar¢ rcsponsillle for the preparation of the accounts in accordance with the requiren￿ts of the c1￿]tieS and Tn￿ Investment (SLX)tland) Act 2CK15 and the Clwities Accounts (Scotland) R¢gulth'on8 2006 (88 amcnded). You are satisfied that the audit reqlllren￿t of Regulatiijn I￿1) {a) to (c) of the 2006 A￿￿rnts Regulations docs not appty. I report ID respect of my ¢x4mination of the Waverley Route H¢ritag¢ Association SCJO'5 aLxouJts carried out und¢r s￿tIOn 44 (1)(c) of the 2005 Act and sedion 145 of thc 2011 ACL In carrying Out my examination I have ftsllowed the requirements of R¢gulation I l of thc CJwitie5 Accounts (Scotland) Re￿￿tiOnS 2006 (#8 4mcnded). An ex8miDation includes a review of the a¢counting records kept by tbe cbarity and a comparison of the accounts prucnt¢d Mth th08e records. It a180 i￿l￿a¢S considerntion of any unusual items or disclosures in the acmunts, and seeks explanations from the tn￿tee8 concerning any mattcrs. The proceduru und¢rtak¢n do not provide all the cvidcnce that would be required in an audiL and ¢onwurnity I do Dot express aD audit opinion on the view given by the ac￿ullts. dependent eumlner'i stotsment Since the chority has pr¢pared its ￿￿o￿nts on au accruals b8Si8 and is also repstered in S¢otiand your exAminer mu8t be a member of a body listed in Regulation l1(2) of the Clwities Accounts (Scotland) Regulations 2006 (as anjended). I can confirni that l am qua]ificd to undertake the examination b￿auSe I am a le￿stered m¢mb¢r of ICAS. ￿1¢h is onc of the b'sted bodies, I have ¢ornpleted my examiDation. I coofirn) that no ma11m havc to my aitention in connection with the examination giving mc cause to believ a￿Ounting records were no¢ kcpl in rcspect of Waverley Rout¢ H¢rilagc Association SCIO 88 rquired by seetion 44(1)(a) of the 2005 Act ard Regulation 4 of the Clwities Accoullts (Scotland) Regulations 2006 (a8 amcnd¢d)' 2. the accounts do noi accord vlith those ￿rds. or 3, the accounts do not comply with the accouotin8 TeqUir¢n￿tS Regulation 8 of the Clwities Accounts (Scotland) Re8ulation8 2006 (as amcll￿). I have no concern8 and have come acros8 no other matteTY in connection with the examination to which attention 8houId bc drawn in this re ort in (>rdcr lo cnable c accounts to be reached. Indepcndcnt Exami ICAS 16 D¢¢ernb￿ 2025 Page 5 Waverlry Route Heritage Assodatlon SCIO Statement ofFiDanclal Athities for the Year Ended 31 March 2025 U￿r￿trIcted funds Total 2025 Note n¢om¢ And Endowments fro￿. DonatioTh8 and l¢gacie8 Charitabl¢ a¢tivities Other trading artivities Inv¢slm¢nt income iOJ06 6,076 291 447 10.306 6,076 291 447 Total incom¢ 17.120 17.120 ExpEDdlture ou: Charitable activiti¢i 22.552 22,552 Total expenditure {22.552 22.552 Net expenditure Net moventrnt in funds 5.432 (5.432 (5.432) (5,432) RecoDdllAtlon of fvnds Total funds brov8ht fonvard Total fill￿$ carried fov•vArd 58.192 12 52,760 Total 2024 Unrestrl¢ted funds Note Ineome and Endowm¢nts from: Donations and legacies Clwitable activitieg Other tradll￿ a¢tivities Invcstsnent income 1,389 7209 106 481 1,389 7,209 481 Totsl income 9.185 E￿endI￿re on.. Charitsblc activities 25,708 Total ¢xp¢nditur¢ 25,708 25.708 Net exp¢nditUT¢ Net rnov¢m¢nt iti fiumts 16.523 16,523 (16,523) (16,523) Reconcluatlon of fundi Totsl fuTMls brought fonvard 74,715 Total caTried forward 12 58.192 58.192 All of the ch8titys activities daive fm ¢olltsDUin8 operations during the abov¢ period. The notes on pages 8 to 14 fotm an iote8raJ part of th¢￿ ruw￿1&] stst¢m¢ots. Page 6 Waverley Route Herltage Associadon SCIO (Regtstration number: SC047682) Balance Sheet as at 31 March 2025 2025 2024 Nole Flxed assets Tan8ible a88ets 19,743 28,082 Current auets Stocks C88h at bank and in hand io 1,0 32,017 1,000 29,830 30.830 33.017 Credlton: Amounts fAlllnz due withffiD on¢ y¢•r Net ¢urrent ￿l¢ti 720 33.017 30,110 Net amets 52,760 Fundi of the chxrlty: Unreltrlcted Ineome fundi Unr¢8tricted fvnd8 52.760 58,192 Total fllndj 12 52.760 58.192 The fjnancial statsDxnts on pages 6 to 14 wue approved by Ihe kni￿1¢¢8, and authorised for is8ue on 16 Deccrnber 2025 and si8ned on their b¢half by: Trustee The notes on p88es 8 to 14 fozm an ill*￿1 part of th¢5e fiDancial statem¢nts. Page 7 Waverley Route Heritage Association SCIO F4otes to the Fknancial Statements for the Year Ended 31 March 2025 l Aeeounting poll¢ieJ Statement of ¢ompll*nee The f￿ancial ststements have been prwed in accordance wilb Accounting and Rcporting by Charities: Statement of ReComn￿ded Practice applicable to charitie8 preparing their accounts in accordance with thc Finan¢ial R¢porting Standord applicable in the UK and Rcpublic of Irelaod (FRS 102) {eff¢¢tiv¢ l January 2015) - (Chatities SORP (FRS 102)), the Fin8ncial Reporfing Standard applicabl¢ in the UK and Republic of Ireland (FRS I02) and th¢ Charities Accounts (Scotland) Re8uJatioDS 2006. Bath of prep*ratlon Waverley Routs Heritag¢ Agsociation SCIO nK¢ts th¢ d¢fjnition of a public tKtrfit entity under FRS 102. Thc g¢counts (fintin¢ial statements) have bcen prtpared undff the historical cost ¢onvention with items recognised at cost or transaction valuc unics8 otherwise stated in the relevant note(s) to these accounts. The fman¢ial 5tsteD]ents aT¢ pr¢￿ted in Sterling (g and rou1M￿ io the nearest £0. Goln8 eoneern The trustees consider th8t there are no mAtaial un¢¢rtainti¢8 about thc charitys ability to continue as a going COnC¢rn. Incoll￿ and eDdoivments Voluntary income inch￿1￿￿ donations, gilb. lesa¢ie8 and grants that provide core fundin8 or arc of a 8¢nernl nature is reCO￿lsed wheo the cbaTity h83 cntitlement lo the incory il is probable th•t the inwme will bc received and the arnount can be measurcd with suffi¢i¢nt reliability. Donations lrya¢l¢s Donations and le8a¢i¢8 art Tecogw'8ed (m a r¢¢¢ivable basi8 when receipt 18 probable and the amount ¢an ￿ reliably mcasured. Investment income IB recogni8ed on a receivable basis. Incorne is reco￿lSed wh¢n th¢ ¢haTity hA8 entidcment kn the incon%. Expendltsre All expenditure is ￿8￿]Sed once there is a legal or GonstDxtive obligation to that expenditure. il is probable settlement is required and the arno￿¢ can be measured reliably. All ¢08ts a￿ allocated to the applicable expenditure heading that aggregate similar Costs to that category. Whctc C08ts carn￿1 be directly attributed to particular headings th¢y have been allocated on a ba8i8 consistent with the use of rcBourc4 with rentral staff costs allocated on the basxs of time gptnt, and deprecialion • allocated on the portion ofthe asset's use. Other support C08ts are allocated based on the spt¢ad of staff costs. Chliritable acilvld c&￿itable exp¢Dditure comprises tlx>se coAs incurred by the clwlty in the delivery of its activities and services for its beneficiarlcs. It includes both costs that ¢an bc allocaknl dittrtly to S￿h activities ond th08e costs of an indirect necessary to siipport tbcllL Covernance co These include the co8ts attributsble to the charity'8 tompliancc constitittionai and slatutory reqUir¢M￿ts, including audii strategi¢ management RTrl tru8iees mcetings and reimbursed expcnses. Page 8 Waverley Route Herléage Aswiation SCIO Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Tu*tlon The charity is coj)sidered to pass the tests set out in PaTagrgph I S¢hedul¢ 6 of the Finan¢¢ Act 2010 aod therefore it meets the definition of a charitablc company for UK corporalion tsx p)Iiyoses. ALxordin8]y, the ¢harity IB potentially exempt from taxation in respect of income or capital Teceiv￿] within categories covercd by Chapter 3 Part I l of thc Co￿0[atIon Tax Aci 2010 or S¢¢tion 256 of the Taxation of Cbargcablc Gaitis Act 1992, to the extent that inconx or ￿]llS are applied ex¢lu8ively to clwitabk Pu4￿seS. Tanglble fixed amets Individual fixed assets ¢0sting £0.00 or more ar¢ initially rrforded at CQ8L le85 any 8ubsequ¢nt accumulated depreciation and subwuent aC¢un￿ted Impair￿ Ios8e Deprecladon And amorttsation Depreciation is provided on tangible fixa a88ets so as to vnite off th¢ Cost or vaiuatioN kss •ny egtimated residual value, over their expected usefvl economi¢ life &% foUow5." Auet ¢lasi Planl and equipment Motor v¢lJi¢l¢s Depred*tlon melbod ind rate IOY• straiBht line IOY• 5traigbt line Stock Stock is valued at the lower of cost and estill￿ted 8elling price 1¢08 wsts to ¢oiry)lete and 8ell, after due reganl for obsol¢t¢ and slow nx)ving 8to¢k8. C08f 18 deter￿ed using the first-1￿ fJrstthOUt (FIFO). Cash and eaih eqnlvalents Cash and casb equivalents con¥ris¢ ¢ash oj) hand and 811 cash call dwsits, and all other sbort-tenn highly liquid investments that are readily convertibl¢ to a known amount of cash and aTe subj￿1 to an in81￿lfiC8nt risk of change in value. Trade crediton are obligations to pay for go(¥ls or s¢rvi¢es that bave been acquired ID th¢ ordinary course of busill￿ from suppliers. Accounts payable are classifjcd as current liabilities if the does not have an unconditional right, at th¢ end of the reporting period, to defer settlemenl of the crditor for at Ica8t twelve months aft¢r the reporting date. If there is an unconditional rigbt to dcfcr scttlemenl for at least twelve months after the reporting date, they 8Tr pf¢s¢Dted Doll-currart liabilitte8. Fund rtrncthre Unrwtri¢ted incomc funds are general funds that availhble for use at th¢ trustc¢s's discretion in furtherance of the objertiV￿ of the charity. The trust¢¢$ maintsin 0 Single unrestricted fund foT the day-t0418y running of the association. Flnandal fiwtrnments clo￿fic￿￿on FiDanciaL assets and finan￿ liabiliti¢8 ore recogDi8ed VA)￿ the clwity becomes a paty to tbe contractual provi$ioD8 of'th¢ instrum¢nt. Fillanci￿ liabilities and equity it￿ts are classified according to the 8ub8f2nce of the contractual aTran8¢ments entered into. An equity Instru￿ 18 any ¢0]rt[￿t that evidetKes a resithAI intcr¢51 in the assets of the ¢hofAty after deductin8 all of it3 liabiliti¢s. Page 9 Waverley Route Heritage Association SCIO Notes to the Financial Statements for the Year Ended 31 March 2025 {CODtinued) Reeognitiom •AdmeasMremeAt Ail financial a&sets and liabilitics att initially MeasU￿d at trallSa￿ price (including transartlon costs), exrxpt for tbose financi21 assets classified as at fair value through profit or1055, which are initially nxaSU￿d at fair value (which is norn]ally the IJ8L8a¢tion wice ex¢ludiDg transaction costs). UDless the arr8n8enKnt constitutes a financing transathrn If an #rrangement constitutes a fu￿￿Clug transactioo the finall¢ial asset or financial liability AS Measu￿ at the present value of the fitture paynkats discounted at a nwfret rate of interest for a similar d¢bt instrumajt. Financial assets aDd liabilitie8 are ODly offset in the statement of financial p08ition ￿en, and only vthcn there exists a legally enforceable right to set off the recogniscd 8mounts and the charity intends ¢ither to settle on a net bASiS, or to reali8e the and 8ettle the Jiability 8imuknv81y. Financial 885ets are dere￿￿Oised wben and only wben a) the ￿ntrIe￿all rights ts tbe c48b tlow8 from the fmancial asset expire or are settled. b) the Charity transfus to Another paty sub51antially all of th¢ risk5 and rewards of ownerthip of the financial a&8¢L or ¢) thc charity, de5Pit¢ having retained son)e, but not sI￿1ficInt ri8ks and rewards of ownership. has tran8fen¢d control of the ￿Se( to 8nolhw paty. Financial Jiabilitics are d¢r¢rogDiscd only when the obligation specified in th¢ rA)ntr8Ct is dischar8e(L c&ncelled or ¢xpir¢8. Fdlr value The best evidence of fair value is a quoted pri¢¢ l(Y ￿ identsc•l asset th an active market. Whcn quoted priccs arc unavailable, the price of a re¢en¢ transaction for on identical asset provides evidence of fair value as long as there has not been a significant change in economic ¢ircumstanG¢s or a significant lapse of time since the trans￿lI0n took place. If the market is not a¢tAve and Teeent transactions of an identical asset on their own are not a good estimate of fair valu¢, th¢ hir value 18 e8timated by U8iD8 a vahwtion t#1￿1que. 2 Incon￿ from don4th7￿ l¢8&d UDrertric¢ed Total 2025 Totsl 2024 General Donation8 and legacies: Donationy from individua18 10.306 10,306 Pagc 10 Waverley Rollte Heritage Associadon SCIO Note5 to the Financial Statements for the Year Ended 31 March 2025 (contlnued) 3 IDwme from clwlt*ble aetlviti htndi C¢n¢r*l Total 2025 Total 2024 Membership, Bufftt and other income 6,076 6,076 7,209 4 Incon￿ from other tridlng ictfvltks fun General Total fundi Totsl 2024 Trndin8 income. Salcs of goods and seThAce8 291 291 106 291 291 106 S Inve4tm¢nt In¢omt Umrutricted runds Ceneral Total 2025 Total 2024 Interest receivable and similar ineome; Interest rcceivable on bank deposits 447 447 481 Pagell Waverley Route Heritage Association SCIO Notes to tbe Fmanci21 Statements for the Year Ended 31 March 2025 (continued) 6 Expendltvre on cb*rltable aetlvltles Total 2025 Totsl 2024 Ceneral Railway Govern8￿¢ costs 21.832 720 21.832 720 24.988 720 22,552 22,552 25,708 Actfvlty undertaken dtr¢¢tty 2025 2024 Maintenance Transpo￿ern￿ieTht Wiys 5,633 190 1,317 1.564 2.274 J.223 758 290 15 225 5.633 190 1,317 1.564 2274 1223 758 290 15 225 4,688 5,262 58 1.569 2,552 909 954 499 153 Hirc of toilets BURC ITJsuran Postage and admiillytration ¢o8ts ExhibilionlBuff¢t costs Sunthie8 Bank charge8 Depreciation 8,339 21,832 8,339 21,832 8.340 7 Analysts ofgovernanee and wpport eo GoverDan¢e ¢o$ts Unrestrlcted funds General Total 2025 Totsl 2024 Independent examiner fe Examilution of the financial ststemrrtS 720 720 720 720 720 720 Page 12 Waverley Route Herltage A8socladon SCIO Notss to the FInancI￿ Ststements for the Ye2r Ended 31 March 2025 (eonthilled) 8 Taxitlon The charity is a regIst￿ed charty and is therefore ¢xetryl from taxalio 9 Tanglble ffted P]•nt 2Dd equipn*nt Motor vehielel Totsl Cost At l April 2024 75,596 83,696 At 31 March 2025 75,596 8,1 83.696 DeprKi•tion At l April 2024 Charge for the year 49,944 7.529 5.670 810 55,614 8.339 At 31 March 2025 57,473 6,480 63,953 Net book value At 31 March 2025 18.123 At 31 MaT¢h 2024 25.652 28.082 io Stock 2025 2024 Stc¢k8 11 Credltorn: amounts f*lllDg thie wlthlD one ymr 2025 2024 Trade Creditors 720 Page 13 Waverley Route Heritage Association SCIO Notss to the Financial Statements for the Year Ended 31 March 2025 (conthiued) 12 Funds Balance at I Aprll 2024 Resoureel expended B*lanee at 31 March 2025 resoortes Unrertrficted General General Fund 58.192 ￿17 120 Bthnee At I Aprll 2023 jneonthig ourc Balance at 31 Marcb 2024 e4￿nded unr￿trIeted fllndi General Fund 74,715 25.708 58.192 13 All￿y$ll of net amets between fnn Unre￿n¢t¢d funds GeD¢r•l Total funds At 31 March 2025 Tangible fixed a$s¢ts CU￿ent assets C￿￿ liabilities 19,743 33,728 711 19,743 33,728 711 Totsl net 858ets 52.760 52.760 UDrMtrf¢ted nds General Total fvndg At 31 March 2024 Tangible fixed assets Current assets Cwrent liabilAtie8 28,082 31,542 1.432 28.082 31,542 1,432 Total net a88ets 58,192 58,192 Page 14