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2022-03-31-accounts

Page
Legal and Administrative Information
Trustees' Annual
Report		 2-12
Independent
Examiner's		 Report 13
Statement of Financial Activities 14
Balance Sheet 15
Notes to the Financial Statements 16 - 25

Unrestricted Restricted Total Total
Notes funds funds 2022 2021
E E E
Income and endowments from:
Donations
and legacies		 27,858 27,858 42,685
Charitable
activities		 60,553 60,553 24,042
Other trading
activities		 37,570 37,570 33,801
investments 10 10 39
Total income and endowments 125,991 125,991 100,567
Expenditure
on:
Raising funds 38,483 38,483 22,127
Charitable
activities		 83,779 83,779 66,555
Total expenditure 122,262 122,262 88,682
Net income i(expenditure)
net movement
in funds for		 and
the year		 9 3,729 3,729 11,885
Reconciliation
offunds:
Total funds brought
forward		 230,629 230,629 218,744
Total funds carried forward 234,358 234,358 230,629

Total Total
Notes 2022 2021
6 6
Fixed assets:
Tangible assets 14 114,625 123,991
Total fired assets 114,625 123,991
Current assets:
Stocks 16 15,270 13,875
Cash at bank and in hand 108,048 96,197
Total current assets 123,318 110,072
Liabilities:
Creditors: amounts falling due within one year 16 (3,585) (3,434)
Net ourrent assets 119,733 106,638
Total net assets 234,358 230,629
The funds ofthe charity:
Restricted funds 17
Unrestricted
funds		 17 234,358 230,629
Total charity funds 234,358 230,629

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

Total Total
2022 2021
6 6
Donations from individuals 11,858 635
Corporate donors
Grants 16,000 42,050
27,858 42,685

Total Total
2022
E		 2021f
Admissions 10,285 200
Facility fees 48,346 20,370
Supporters' subscriptions 1,778 2,090
Insurance claims 144 1,382
60,553 24,042

Total Total
2022 2021
6
Fundraising events and ancillary income 8,970 7,021
Letting and licensing arrangements 28,600 26,400
Sponsorship and other services income 380
37,570 33,801

5 Income from investments Income from investments
Total Total
2022 2021
F F.
Bank interest receivable 10 39
Income from investments was all attributable to unrestricted funds in both years.
6 Expenditure on raising funds
Total Total
2022
F		 2021f
Fundraising costs and ancillary expenditure 38,483 22,127
Expenditure on raising funds was all attributable to unrestricted funds in both years.
7 Expenditure on charitable activities
Expendi ture on charitable
activities
Total Total
Notes 2022f 2021f
Maintenance and exhibition costs 28,341 17,633
Cleaning 397 577
Charity promotion costs 1,605 1,237
Utilities and insurance 8,634 9,757
Haulage 2,220
Printing,
postage
Telephone		 and stationery 3,506
1,906		 3,055
2,503
Bank charges 1,776 1,692
Sundry expenses 3,686 2,208
Depreciation 9,632 9,567
Loss on disposal ofassets 156
Supportcosts 22,076 18,170
83,779 66,555

8 Support costs Support costs
Notes 2022
6		 2021f
Travelling
expenses		 2,736 3,037
Staff costs 13 13,612 10,200
Payroll services 560 527
Accountancy 10 3,317 3,677
Professional fees 1,350
Information technology 501 729
22,076 18,170
9 Net income / (expenditure) for the year
2022f 2021
6
Net income / (expenditure) is stated after charging / (crediting):
Depreciation ofowned tangible fixed assets 9,632 9,567
10 Independent
examiner's		 remuneration
2022 2021
F 6
Independent examination fee 1,140 1,140
Other fees paid to the independent examiner 2,177 2,537
3,317 3,677

Out of pock et exp enses wer e r eimbursed
to tru		 stees as follows:
2022 2022 2021 2021
Number E Number E
Fundraising costs and ancillary expenditure 50 2,250
Maintenance and exhibition costs 3,801 2,240
Cleaning 84 10
Printing,
postage		 and stationery 18
Sundry expenses 879 380
Information technology 288 34
Total expenditure reimbursed 5,102 4,932
Transactions
with other related		 parties are outlined
below:
Related party Transaction 2022 2021
E
The Exeter West Group Utilities and insurance 480 463
Total expenditure 480 463

Staff c osts
2022 2021
E E
Wages and salaries 13,612 10,200
Social security costs
13,612 10,200

14 Tangible fixed asse ts
Property Plant and
improvements machinery Total
F F.
Cost
At 1 April 2021 113,466 175,045 288,511
Additions 266 266
Disposals
At 31 March 2022 113,466 175,311 288,777
Depreciation
At 1 April 2021		 62,019 102,501 164,520
Charge for the year 2,269 7,363 9,632
Eliminated
on disposals
At 31 March 2022 64,288 109,864 174,152
Net book value
At 31 March 2022 49,178 65,447 114,625
At 31 March 2021 51,447 72,544 123,991
15 Stocks
Charitable
Other trading		 Stock held
activities activities for resale
6 F 6
Cost or valuation
At 1 April 2021 13,875 13,875
Added
in year		 2,479 39,558 42,037
Expensed
in year		 (2,159) (38,483) (40,642)
Impaired
in year
At 31 March 2022 320 14,950 15,270
Recognised
in
expenses
impairment
ofstock of Enil		 during
the
(2021:fnil).		 year are stock amounts of F40,642 (2021: 622,604) with
16 Creditors: amounts falling due within one year
2022 2021
6 6
3,585 3,434

Funds reconciliatio n
Balance at Incoming Resources Balance at
1 April resources expended 31 March
2021
6		 f 6 2022
Restricted funds
Specific reserves
Total restricted funds
Unrestricted
funds
Designated
reserves
General reserves 230,629 125,991 (122,262) 234,358
Total unrestricted funds 230,629 125,991 (122,262) 234,358
Totalfunds 230,629 125,991 (122,262) 234,358

Analysis
of net a		 ssets between funds
Unrestricted Designated Restricted Total
funds fundsf funds
6		 funds
6
Tangible
fixed assets		 114,625 114,625
Cash at bank and in hand 108,048 108,048
Other net current assets I (liabilities) 11,685 11,685
Total net assets 234,358 234,358