| Page | |||
|---|---|---|---|
| Legal and | Administrative | Information | |
| Trustees' | Annual Report |
2 - 12 | |
| Independent Lxaminer's |
Report | 13 | |
| Statement | of Financial | Activities | 14 |
| Balance Sheet | |||
| Notes to | the Financial Statements | 16-26 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Notes | funds 8 |
funds E |
2021f | 2020 F |
|||
| Income and endowments | from: | ||||||
| Donations and legacies |
42,685 | 42,685 | 3,328 | ||||
| Charitable activities |
24,042 | 24,042 | 58,914 | ||||
| Other trading activities |
33,801 | 33,801 | 47,439 | ||||
| Investments | 39 | 39 | 152 | ||||
| Total income and endowments | 100,567 | 100,567 | 109,833 | ||||
| Expenditure on: |
|||||||
| Raising funds | 22,127 | 22,127 | 15,637 | ||||
| Charitable activities |
66,555 | 66,555 | 88,697 | ||||
| Total expenditure | 88,682 | 88,682 | 104,334 | ||||
| Net income I(expenditure) | and | ||||||
| net movement in funds for |
the year | 9 | 11,885 | 11,885 | 5,499 | ||
| Reconciliation offunds: |
|||||||
| Total funds brought forward |
218,744 | 218,744 | 213,245 | ||||
| Total funds carried forward | 230,629 | 230,629 | 218,744 |
| Total | Total | ||||
|---|---|---|---|---|---|
| Notes | 2021 5 |
2020f | |||
| Fixed assets: | |||||
| Tangible assets | 14 | 123,991 | 128,700 | ||
| Total fixed assets | 123,991 | 128,700 | |||
| Current assets: | |||||
| Stocks | 15 | 13,875 | 10,325 | ||
| Cash at bank and In hand | 96,197 | 82,763 | |||
| Total current assets | 110,072 | 93,088 | |||
| Uabitittes: | |||||
| Creditors: amounts | falling | due within one year | (3,434) | (3,044) | |
| Net current assets | 106,638 | 90,044 | |||
| Total net assets | 230,629 | 218,744 | |||
| The funds ofthe charity: | |||||
| Restricted funds | 17 | ||||
| Unrestricted funds |
17 | 230,629 | 218,744 | ||
| Total charity funds | 230,629 | 218,744 |
| tangible fixed assets over their est |
imated useful economic |
lives as | foll |
|---|---|---|---|
| Property improvements |
2% per annum | straight | line |
| Railway line |
4% per annum | straight | line |
| Miniature railway |
15%per annum | straight | line |
| Locomotives | 2% per annum | straight | line |
| Locomotive improvements |
10%per annum | straight | line |
| Plant and equipment | 15%per annum | straight | line |
| Income fr | om donations and legacies |
||
|---|---|---|---|
| Total | Total | ||
| 2021 | 2020 | ||
| 8 | 8 | ||
| Donations | from individuals | 635 | 3,228 |
| Corporate | donors | 100 | |
| Grants | 42,050 | ||
| 42,685 | 3,328 |
| Total | Total | ||
|---|---|---|---|
| 2021f | 2020 F |
||
| Admissions | 200 | 18,352 | |
| Facility fees | 20,370 | 39,343 | |
| Supporters' | subscriptions | 2,090 | 1,219 |
| Insurance | claims | 1,382 | |
| 24,042 | 58,914 |
| Income fro | m other | trading activ |
ities | ||
|---|---|---|---|---|---|
| Total | Total | ||||
| 2021 | 2020 | ||||
| 8 | Z | ||||
| Fundraising | events | and ancillary | income | 7,021 | 18,954 |
| Letting and | licensing | arrangements | 26,400 | 27,050 | |
| Sponsorship | and other services income | 380 | 1,435 | ||
| 33,801 | 47,439 |
| Total | Total | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||||
| Bank interest | receivable | 39 | 152 | ||||||||
| Income from | investments | was | all attributable | to | unrestricted | funds | in | both years. | |||
| 6 | Expenditure | on raising | funds | ||||||||
| Total | Total | ||||||||||
| 2021 | 2020 | ||||||||||
| E | 8 | ||||||||||
| Fundraising | costs and ancillary | expenditure | 22,127 | 15,637 | |||||||
| Expenditure | on raising funds was all attributable | to unrestricted | funds | in both years. |
| Total | Total |
|---|---|
| 2021 | 2020 |
| E | 8 |
| 22,127 | 15,637 |
| Expendi | ture on charitable |
activities | |||
|---|---|---|---|---|---|
| Total | Total | ||||
| Notes | 2021 8 |
2020f | |||
| Maintenance and exhibition |
costs | 17,633 | 29,082 | ||
| Cleaning Charity |
promotion costs | 577 1,237 |
1,647 1,695 |
||
| Utilities | and insurance | 9,757 | 11,317 | ||
| Printing, | postage and stationery | 3,055 | 2,179 | ||
| Telephone | 2,503 | 2,955 | |||
| Bank charges | 1,692 | 832 | |||
| Sundry | expenses | 2,208 | 9,214 | ||
| Depreciation | 9,567 | 8,382 | |||
| Loss on | disposal ofassets | 156 | |||
| Support | costs | 18,170 | 21,394 | ||
| 66,555 | 88,697 |
| 8 | Supportcos | t | s | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | 2021f | 2020 6 |
||||||||||
| Travelling expenses |
3,037 | 1,639 | ||||||||||
| Trustees' expenses | 12 | 408 | ||||||||||
| Staff costs | 13 | 10,200 | 14,666 | |||||||||
| Payroll services | 527 | 547 | ||||||||||
| Accountancy | 10 | 3,677 | 3,197 | |||||||||
| Information | technology | 729 | 937 | |||||||||
| 18,170 | 21,394 | |||||||||||
| 9 | Net income | / (expenditure) | for the | year | ||||||||
| 2021 | 2020 | |||||||||||
| 6 | 6 | |||||||||||
| Net income | / | (expenditure) | is stated | after charging | / | (crediting): | ||||||
| Depreciation | ofowned tangible | fixed | assets | 9,567 | 8,382 | |||||||
| 10 | Independent | examiner's | remuneration | |||||||||
| 2021 6 |
2020f | |||||||||||
| Independent | examination | fee | 1,140 | 1,020 | ||||||||
| Other fees paid to the independent | examiner | 2,537 | 2,177 | |||||||||
| 3,677 | 3,197 |
| Out ofpocket exp | enses were r | eimbursed to tru |
stees as follows: | |||
|---|---|---|---|---|---|---|
| 2021 | 2021 | 2020 | 2020 | |||
| Number | f | Number | F. | |||
| Fundraising costs |
and ancillary | expenditure | 2,250 | |||
| Maintenance and |
exhibition costs | 2,240 | 5,055 | |||
| Cleaning | 10 | |||||
| Printing, postage |
and stationery | 18 | ||||
| Sundry expenses | 380 | 106 | ||||
| Trustees' expenses —travel | 408 | |||||
| Information technology |
38 | |||||
| Total expenditure | reimbursed | 4,932 | 5,607 |
| 'Transactions with othe |
r related pa | rties are outlined | below: | |||
|---|---|---|---|---|---|---|
| Related party | Transaction | 2021 | 2020 | |||
| F | F | |||||
| LMS-Patriot Company | Limited | Fundraising | events and ancillary | income | 750 | |
| Total income | 750 |
| LMS-Patriot Company Limited was a trustee and director until |
is a charitable company in which the trus 12 November 2019. |
tee and director, SJ B | lackburn, |
|---|---|---|---|
| Related party | Transaction | 2021 | 2020 |
| F | E | ||
| The Exeter West Group | Utilities and insurance | 463 | |
| Total expenditure | 463 | 704 |
| Staffc | osts | ||
|---|---|---|---|
| 2021f | 2020 | ||
| Wages | and salaries | 10,200 | 14,666 |
| Social | security costs | ||
| 10,200 | 14,666 |
| Tangible fixed assets | |||
|---|---|---|---|
| Property | Plant and | ||
| improvements f |
machinery f |
Total 6 |
|
| Cost | |||
| At1 April 2020 | 113,466 | 170,460 | 283,926 |
| Additions | 5,014 | 5,014 | |
| Disposals | (429) | (429) | |
| At 31 March 2021 | 113,466 | 175,045 | 288,511 |
| Depreciation | |||
| At 1 April 2020 | 59,750 | 95,476 | 155,226 |
| Charge for the year | 2,269 | 7,298 | 9,567 |
| Eliminated on disposals |
(273) | (273) | |
| At 31 March 2021 | 62,019 | 102,501 | 164,520 |
| Net book value | |||
| At 31 March 2021 | 51,447 | 72,544 | 123,991 |
| At 31 March 2020 | 53,716 | 74,984 | 128,700 |
| Charftable | Other trading | Stock held | |||
|---|---|---|---|---|---|
| activities | activities | for resale | |||
| E | k | E | |||
| Cost | or valuation | ||||
| At 1 April | 2020 | 75 | 10,250 | 10,325 | |
| Added | in | year | 402 | 25,752 | 26,154 |
| Expensed | in year | (477) | (22,127) | (22,604) | |
| Impaired | in year | ||||
| At 31 | March 2021 | 13,875 | 13,875 |
| 16 | Creditors: amou | nts | fa | lling due within | one year | |||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| 6 | 6 | |||||||
| Accruals and deferred | income | 3,434 | 3,044 | |||||
| 17 | Funds reconciliation | |||||||
| Balance at | Incoming | Resources | Balance at | |||||
| 1 April | resources | expended | 31 March | |||||
| 2020 | 2021 | |||||||
| 6 | F | |||||||
| Restricted funds | ||||||||
| Specific reserves | ||||||||
| Total restricted | funds | |||||||
| Unrestricted funds |
||||||||
| Designated reserves |
||||||||
| General reserves | 218,744 | 100,567 | (88,682) | 230,629 | ||||
| Total unrestricted | funds | 218,744 | 100,567 | (88,682) | 230,629 | |||
| Total funds | 218,744 | 100,567 | (88,682) | 230,629 |
| Analysis ofnet a |
ssets between funds | ||||
|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | ||
| funds | funds | funds | funds | ||
| E | 8 | 6 | |||
| Tangible fixed assets | 123,991 | 123,991 | |||
| Cash at bank and | in hand | 96,197 | 96,197 | ||
| Other net current | assets I (liabilities) | 10,441 | 10,441 | ||
| Total net assets | 230,629 | 230,629 |