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REGISTERED COMPANY NUMBER: 04457467 (England and Wales)
REGISTERED CHARITY NUMBER: 1101564

















Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Elsecar Heritage Railway Ltd

Elsecar Heritage Railway Ltd






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Report of the Trustees 1

Statement of Financial Activities 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 8

Elsecar Heritage Railway Ltd (Registered number: 04457467)

Report of the Trustees
for the Year Ended 31 December 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04457467 (England and Wales)

Registered Charity number
1101564

Registered office
The Railway Office
Wath Road
Elsecar
Barnsley
S74 8HJ

Trustees
M K Shipley-Beale
D Court
M C Hart
J Thorne

Company Secretary
M K Shipley-Beale

Approved by order of the board of trustees on 3 September 2024 and signed on its behalf by:





M K Shipley-Beale - Trustee

Elsecar Heritage Railway Ltd

Statement of Financial Activities
for the Year Ended 31 December 2023

2023 2022
Unrestricted
fund Total funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Charitable activities
Activities for generating funds 4 1,487

Other income 100 3,920
Total 104 5,407

EXPENDITURE ON
Charitable activities
Expenditure on cost of generating funds - 805
Charitable Activities 10,127 14,856
Total 10,127 15,661

NET INCOME/(EXPENDITURE) (10,023 ) (10,254 )


RECONCILIATION OF FUNDS
Total funds brought forward 47,986 58,240

TOTAL FUNDS CARRIED FORWARD 37,963 47,986

Elsecar Heritage Railway Ltd (Registered number: 04457467)

Balance Sheet
31 December 2023

2023 2022
Unrestricted
fund Total funds
Notes £ £
CURRENT ASSETS
Debtors 5 61,485 62,300
Cash at bank 7,478 17,238
68,963 79,538

CREDITORS
Amounts falling due within one year 6 (31,000 ) (31,552 )

NET CURRENT ASSETS 37,963 47,986

TOTAL ASSETS LESS CURRENT LIABILITIES 37,963 47,986

NET ASSETS/(LIABILITIES) 37,963 47,986
FUNDS 7
Unrestricted funds 37,963 47,986
TOTAL FUNDS 37,963 47,986

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Elsecar Heritage Railway Ltd (Registered number: 04457467)

Balance Sheet - continued
31 December 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 3 September 2024 and were signed on its behalf by:





M K Shipley-Beale - Trustee





D Court - Trustee





M C Hart - Trustee





J Thorne - Trustee

Elsecar Heritage Railway Ltd

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.



Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£ £
Deficit on disposal of fixed assets - 805


Elsecar Heritage Railway Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.


4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Activities for generating funds 1,487

Other income 3,920
Total 5,407

EXPENDITURE ON
Charitable activities
Expenditure on cost of generating funds 805
Charitable Activities 14,856
Total 15,661

NET INCOME/(EXPENDITURE) (10,254 )


RECONCILIATION OF FUNDS
Total funds brought forward 58,240

TOTAL FUNDS CARRIED FORWARD 47,986


Elsecar Heritage Railway Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 60,000 60,000
VAT 20 538
Prepayments 1,465 1,762
61,485 62,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other creditors 28,500 28,502
Accruals and deferred income 2,500 3,050
31,000 31,552

7. MOVEMENT IN FUNDS
Net
movement At
At 1/1/23 in funds 31/12/23
£ £ £
Unrestricted funds
General fund 47,986 (10,023 ) 37,963

TOTAL FUNDS 47,986 (10,023 ) 37,963

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 104 (10,127 ) (10,023 )

TOTAL FUNDS 104 (10,127 ) (10,023 )


Comparatives for movement in funds

Net
movement At
At 1/1/22 in funds 31/12/22
£ £ £
Unrestricted funds
General fund 58,240 (10,254 ) 47,986

TOTAL FUNDS 58,240 (10,254 ) 47,986

Elsecar Heritage Railway Ltd

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 5,407 (15,661 ) (10,254 )

TOTAL FUNDS 5,407 (15,661 ) (10,254 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1/1/22 in funds 31/12/23
£ £ £
Unrestricted funds
General fund 58,240 (20,277 ) 37,963

TOTAL FUNDS 58,240 (20,277 ) 37,963

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 5,511 (25,788 ) (20,277 )

TOTAL FUNDS 5,511 (25,788 ) (20,277 )

8. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.