##
##
##
##
||||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|
##