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Company Limited by Guarantee |
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Company Limited by Guarantee |
Financial Statements |
Page |
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Trustees' annual report (incorporating the director's report) |
1 |
Independent examiner's report to the trustees |
8 |
Statement of financial activities (including income and expenditure account) |
9 |
Statement of financial position |
10 |
Statement of cash flows |
12 |
Notes to the financial statements |
13 |
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Company Limited by Guarantee |
Trustees' Annual Report (Incorporating the Director's Report) |
Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
The Station Building |
office |
Tremadog Road |
Porthmadog |
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Gwynedd |
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LL49 9DY |
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Company secretary |
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Independent examiner |
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2 Heap Bridge |
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Bury |
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BL9 7HR |
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Charity Secretary |
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Company Limited by Guarantee |
Independent Examiner's Report to the Trustees of
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Company Limited by Guarantee |
Statement of Financial Activities |
(including income and expenditure account) |
2022 |
2021 |
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Unrestricted funds |
Restricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
£ |
Donations and legacies |
5 |
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Other trading activities |
6 |
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– |
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Investment income |
7 |
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– |
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--------- |
-------- |
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--------- |
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Total income |
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--------- |
-------- |
--------- |
--------- |
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Costs of raising donations and legacies |
8 |
4,859 |
– |
4,859 |
1,965 |
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Costs of other trading activities |
9 |
124,028 |
– |
124,028 |
72,820 |
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Total expenditure |
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– |
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--------- |
-------- |
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Net income and net movement in funds |
(
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--------- |
-------- |
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--------- |
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Total funds brought forward |
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------------ |
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------------ |
------------ |
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Total funds carried forward |
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1,811,117
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Company Limited by Guarantee |
Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
Tangible fixed assets |
14 |
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Investments |
15 |
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------------ |
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Stocks |
17 |
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Debtors |
18 |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
19 |
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--------- |
--------- |
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Net current assets |
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------------ |
------------ |
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Total assets less current liabilities |
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------------ |
------------ |
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Net assets |
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------------ |
------------ |
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Restricted funds |
201,225
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Revaluation reserve |
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Other unrestricted income funds |
1,558,377 |
1,495,697 |
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Total unrestricted funds |
1,668,178
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1,605,934
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Total charity funds |
23 |
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1,811,118
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Company Limited by Guarantee |
Statement of Financial Position (continued) |
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Director |
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Company Limited by Guarantee |
Statement of Cash Flows |
2022 |
2021 |
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£ |
£ |
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Net income |
58,286 |
40,186 |
Adjustments for: |
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Depreciation of tangible fixed assets |
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Government grant income |
(
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(
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Other interest receivable and similar income |
(
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(
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Accrued (income)/expenses |
(
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Changes in: |
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Stocks |
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(
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Trade and other debtors |
(
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(
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Trade and other creditors |
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(
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-------- |
-------- |
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Cash generated from operations |
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Interest received |
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-------- |
-------- |
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Net cash from operating activities |
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-------- |
-------- |
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Purchase of tangible assets |
(
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(
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-------- |
-------- |
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Net cash used in investing activities |
(
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(
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-------- |
-------- |
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Government grant income |
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-------- |
-------- |
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Net cash from financing activities |
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-------- |
-------- |
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Net decrease in cash and cash equivalents |
(
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(
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Cash and cash equivalents at beginning of year |
447,924 |
455,523 |
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Cash and cash equivalents at end of year |
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Company Limited by Guarantee |
Notes to the Financial Statements |
Freehold property |
- |
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Rail, rolling stock and plant and machinery |
- |
Various rates between 10% reducing balance and 2% to 50% straight line
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
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£ |
£ |
£ |
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General donations |
9,654 |
– |
9,654 |
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Baldwin 590 |
– |
32,581 |
32,581 |
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Gelert restoration |
– |
60 |
60 |
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Russell restoration |
– |
4,572 |
4,572 |
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Heritage train fund |
– |
40,300 |
40,300 |
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Resilience fund |
1,867 |
– |
1,867 |
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Government grant income |
4,285 |
– |
4,285 |
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Membership subscriptions |
6,704 |
– |
6,704 |
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Covenanted donation from subsidiary company |
4,223 |
– |
4,223 |
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-------- |
-------- |
--------- |
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-------- |
-------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2021 |
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£ |
£ |
£ |
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General donations |
16,413 |
– |
16,413 |
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Baldwin 590 |
– |
21,849 |
21,849 |
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Gelert restoration |
– |
60 |
60 |
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Russell restoration |
– |
6,143 |
6,143 |
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Heritage train fund |
– |
300 |
300 |
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Resilience fund |
5,599 |
– |
5,599 |
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Government grant income |
17,785 |
– |
17,785 |
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Membership subscriptions |
6,933 |
– |
6,933 |
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Covenanted donation from subsidiary company |
2,270 |
– |
2,270 |
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-------- |
-------- |
-------- |
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-------- |
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Unrestricted Funds |
Total Funds 2022 |
Unrestricted Funds |
Total Funds 2021 |
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£ |
£ |
£ |
£ |
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Income from traffic |
79,728 |
79,728 |
35,778 |
35,778 |
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Cafe franchise fee |
2,816 |
2,816 |
1,820 |
1,820 |
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-------- |
-------- |
-------- |
-------- |
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-------- |
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Unrestricted Funds |
Total Funds 2022 |
Unrestricted Funds |
Total Funds 2021 |
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£ |
£ |
£ |
£ |
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Bank interest receivable |
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---- |
---- |
---- |
---- |
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Unrestricted Funds |
Total Funds 2022 |
Unrestricted Funds |
Total Funds 2021 |
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£ |
£ |
£ |
£ |
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Costs of raising donations and legacies - Subscriptions |
4,859 |
4,859 |
1,965 |
1,965 |
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------- |
------- |
------- |
------- |
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Unrestricted Funds |
Total Funds 2022 |
Unrestricted Funds |
Total Funds 2021 |
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£ |
£ |
£ |
£ |
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Costs of other trading activities - Other activity 1 |
120,110 |
120,110 |
70,108 |
70,108 |
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Costs of other trading activities - Finance |
3,918 |
3,918 |
2,711 |
2,712 |
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--------- |
--------- |
-------- |
-------- |
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124,028 |
124,028 |
72,819 |
72,820 |
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--------- |
--------- |
-------- |
-------- |
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2022 |
2021 |
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£ |
£ |
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Depreciation of tangible fixed assets |
28,125 |
25,784 |
-------- |
-------- |
|
2022 |
2021 |
|
£ |
£ |
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Independent examination of the financial statements |
2,740 |
2,500 |
------- |
------- |
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2022 |
2021 |
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£ |
£ |
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Wages and salaries |
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-------- |
------- |
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2022 |
2021 |
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No. |
No. |
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Number of staff - engineering |
1 |
1 |
Number of staff - booking office |
1 |
1 |
---- |
---- |
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2 |
2 |
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---- |
---- |
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Freehold property |
Plant and machinery |
Total |
|
£ |
£ |
£ |
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Cost |
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At 1 January 2022 |
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Additions |
– |
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--------- |
------------ |
------------ |
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At 31 December 2022 |
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--------- |
------------ |
------------ |
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Depreciation |
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At 1 January 2022 |
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Charge for the year |
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--------- |
------------ |
------------ |
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At 31 December 2022 |
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--------- |
------------ |
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Carrying amount |
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At 31 December 2022 |
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--------- |
------------ |
------------ |
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At 31 December 2021 |
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--------- |
------------ |
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Shares in group undertakings |
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£ |
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Cost or valuation |
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At 1 January 2022 |
40,003 |
Additions |
– |
Disposals |
(3) |
-------- |
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At 31 December 2022 |
40,000 |
-------- |
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Impairment |
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At 1 January 2022 and 31 December 2022 |
– |
-------- |
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Carrying amount |
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At 31 December 2022 |
40,000 |
-------- |
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At 31 December 2021 |
40,003 |
-------- |
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Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Ordinary |
100 |
2022 |
2021 |
|
£ |
£ |
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Loco fuel and lubricants |
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------- |
------- |
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2022 |
2021 |
|
£ |
£ |
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Amounts owed by group undertakings |
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Prepayments and accrued income |
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Other debtors |
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--------- |
-------- |
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--------- |
-------- |
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2022 |
2021 |
|
£ |
£ |
|
Trade creditors |
|
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Amounts owed to group undertakings |
– |
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Accruals and deferred income |
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Social security and other taxes |
|
– |
Members' loans |
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Other creditors |
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-------- |
-------- |
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-------- |
-------- |
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2022 |
2021 |
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£ |
£ |
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At 1 January 2022 |
6,123 |
6,408 |
Amount released to income |
(285) |
(285) |
------- |
------- |
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At 31 December 2022 |
5,838 |
6,123 |
------- |
------- |
|
2022 |
2021 |
|
£ |
£ |
|
Deferred government grants due within one year |
|
|
------- |
------- |
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Government grants income |
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------- |
-------- |
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At 1 January 2022 |
Income |
Expenditure |
Transfers |
At 31 December 2022 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
1,495,696 |
109,660 |
(128,887) |
81,908 |
1,558,377 |
Revaluation reserve |
110,237 |
– |
– |
(436) |
109,801 |
------------ |
--------- |
--------- |
-------- |
------------ |
|
1,605,933 |
109,660 |
(128,887) |
81,472 |
1,668,178 |
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------------ |
--------- |
--------- |
-------- |
------------ |
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At 1 January 2021 |
Income |
Expenditure |
Transfers |
At 31 December 2021 |
|
£ |
£ |
£ |
£ |
£ |
|
General funds |
1,437,782 |
86,619 |
(74,784) |
46,080 |
1,495,697 |
Revaluation reserve |
110,673 |
– |
– |
(436) |
110,237 |
------------ |
-------- |
-------- |
-------- |
------------ |
|
1,548,455 |
86,619 |
(74,784) |
45,644 |
1,605,934 |
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------------ |
-------- |
-------- |
-------- |
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At 1 January 2022 |
Income |
Expenditure |
Transfers |
At 31 December 2022 |
|
£ |
£ |
£ |
£ |
£ |
|
Rolling stock |
169,128 |
77,513 |
– |
(81,472) |
165,169 |
Extension fund |
36,056 |
– |
– |
– |
36,056 |
--------- |
-------- |
---- |
-------- |
--------- |
|
205,184 |
77,513 |
– |
(81,472) |
201,225 |
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--------- |
-------- |
---- |
-------- |
--------- |
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At 1 January 2021 |
Income |
Expenditure |
Transfers |
At 31 December 2021 |
|
£ |
£ |
£ |
£ |
£ |
|
Rolling stock |
186,420 |
28,352 |
– |
(45,644) |
169,128 |
Extension fund |
36,056 |
– |
– |
– |
36,056 |
--------- |
-------- |
---- |
-------- |
--------- |
|
222,476 |
28,352 |
– |
(45,644) |
205,184 |
|
--------- |
-------- |
---- |
-------- |
--------- |
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At 1 January 2022 |
Donations received |
Capital expenditure |
Fund transfers |
At 31 December 2022 |
||
£ |
£ |
£ |
£ |
£ |
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Baldwin 590 |
(72,209) |
(32,581) |
78,938 |
– |
(25,852) |
|
Gelert restoration |
(2,688) |
(60) |
534 |
– |
(2,214) |
|
Russell restoration |
(40,422) |
(4,572) |
– |
– |
(44,994) |
|
Karen restoration |
(4,477) |
– |
– |
– |
(4,477) |
|
Heritage train fund |
(49,332) |
(40,300) |
2,000 |
– |
(87,632) |
|
--------- |
-------- |
-------- |
---- |
--------- |
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(169,128) |
(77,513) |
81,472 |
– |
(165,169) |
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--------- |
-------- |
-------- |
---- |
--------- |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2022 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
1,323,664 |
– |
1,323,664 |
|
Investments |
40,000 |
– |
40,000 |
|
Current assets |
360,430 |
201,225 |
561,655 |
|
Creditors less than 1 year |
(55,223) |
– |
(55,223) |
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------------ |
--------- |
------------ |
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Net assets |
1,668,871 |
201,225 |
1,870,096 |
|
------------ |
--------- |
------------ |
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Unrestricted Funds |
Restricted Funds |
Total Funds 2021 |
||
£ |
£ |
£ |
||
Tangible fixed assets |
1,269,471 |
– |
1,269,471 |
|
Investments |
40,003 |
– |
40,003 |
|
Current assets |
338,787 |
205,184 |
543,971 |
|
Creditors less than 1 year |
(42,328) |
– |
(42,328) |
|
------------ |
--------- |
------------ |
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Net assets |
1,605,933 |
205,184 |
1,811,117 |
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------------ |
--------- |
------------ |
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At 1 Jan 2022 |
Cash flows |
At 31 Dec 2022 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(5,510) |
|
Debt due within one year |
(3) |
3 |
– |
--------- |
------- |
--------- |
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(
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--------- |
------- |
--------- |
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