Definitely a dyno hub on the rear and looks like it still has the head light. Nice bike and should clean up nicely. I would start with a mild warm water soap bath and gently rinse to get the worst of the grunge off. Then follow up with the polish/wax of your choice, avoiding the decals as much as possible.
The rear hub should be functional an probably needs a bit of oil.
Very nice bike and definitely NOT a Raleigh built Phillips.
Aaron