## 

||||||Page||
|---|---|---|---|---|---|---|
|Report ofthe Trustees||||I|to|5|
|Independent<br>Examiner's||Report|||||
|Statement ofFinancial||Activities|||||
|Balance Sheet||||8|to|9|
|Notes to the Financial|Statements|||I0|to|19|
|Detailed Statement of|Financial||Activities|20|to|21|





## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

|FINANCIAL REVIEW|FINANCIAL REVIEW||
|---|---|---|
|Restricted|funds||
|Total Restricted funds||1,841,750|
|I ess:|||
|Restricted|Tangible assets|(1,641,262)|
|Restricted|Investment|(61,024)|
|Restricted|funds held for future||
|periods (Bank):||139,464|
|Unrestricted|funds:|345,477|



## 

## 

## 

## 

## 

## 



## 



## 

## 

## 



## 

## 

## 



## 

||||STATEMENT OF FINANCIAL<br>ACTIVITIES|STATEMENT OF FINANCIAL<br>ACTIVITIES|STATEMENT OF FINANCIAL<br>ACTIVITIES|STATEMENT OF FINANCIAL<br>ACTIVITIES|||
|---|---|---|---|---|---|---|---|---|
|||INCORPORATING||AN INCOME|AND EXPENDITURE ACCOUNT||||
||||FOR THE|YEAR ENDED 31STDECEMBER 2020|||||
||||||||31.12.20|31.12.19|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|fund|funds|funds|
|||||Notes|||||
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations<br>and legacies||||2|324,659|10,904|335,563|122,100|
|Other trading activities|||||46,863|86,514|133,377|50,419|
|Investment<br>income|||||25||25|257|
|Total|||||371,547|97,418|468,965|172,776|
|EXPENDITURE|ON||||||||
|Raising funds||||5|119,081||119,081|20,625|
|Charitable<br>activities|||||||||
|General costs|||||56,230|1,838|58,068|110,420|
|Property costs|||||33,505|45,003|78,508|50,399|
|Total|||||208,816|46,841|255,657|181,444|
|Net gains/(losses)|on investments||||(175,560)|(45,000)|(220,560)||
|NET INCOME/(EXPENDITURE)|||||(12,829)|5,577|(7,252)|(8,668)|
|Transfers<br>between funds||||15|(18,588)|18,588|||
|Net movement<br>in|funds||||(31,417)|24,165|(7,252)|(8,668)|
|RECONCILIATION||OF FUNDS|||||||
|Total funds brought||forward|||376,894|1,817,585|2,194,479|2,203,147|
|TOTAL FUNDS|CARRIED FORWARD||||345,477|1,841,750|2,187,227|2,194,479|





## 

|||||31.12.20|31.12.19|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Tangible assets<br>Investments|10<br>Il|338,611<br>I|1,641,262<br>61,024|1,979,873<br>61,025|2,007,631<br>281,585|
|||338,612|1,702,286|2,040,898|2,289,216|
|CURRENT ASSETS||||||
|Debtors|12|23,525||23,525|20,986|
|Cash at bank and in hand||13,103|139,464|152,567|64,349|
|||36,628|139,464|176,092|85,335|
|CREDITORS||||||
|Amounts<br>falling due within one year|13|(29,763)||(29,763)|(180,072)|
|NET CURRENT ASSETS||6,865|139,464|146,329|(94,737)|
|TOTAL ASSETSLESS CURRENT||||||
|LIABILITIES||345,477|1,841,750|2,187,227|2,194,479|
|NET ASSETS||345,477|1,841,750|2,187,227|2,194,479|
|FUNDS|15|||||
|Unrestricted<br>funds||||345,477|376,894|
|Restricted<br>funds:||||||
|Restricted||||1,841,750|1,817,585|
|TOTAL FUNDS||||2,187,227|2,194,479|





## 

## 



## 

## 



## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

|2.|DONATIO|NS|AND LE|GACIES||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||31.12.20|31.12.19|
|||||||Unrestricted|Restricted|Total|Total|
|||||||funds|funds|funds|funds|
||Donations|||||208,006|5,027|213,033|41,461|
||Gifl aid|||||47,724||47,724|6,051|
||Legacies|||||21,274||21,274|38,205|
||Grant income|||||47,655|5,877|53,532|36,383|
|||||||324,659|10,904|335,563|122,100|
||Grants received, included|||in the above, are as follows:||||||
|||||||||31.12.20|31.12.19|
||Welsh Assembly|||||||5,877|33,642|
||Cadwyn<br>Clwyd|||||||7,655|2,741|
||Denbighshire||CC Covid-19|||||40,000||
|||||||||53,532|36,383|
|3.|OTHER TRADING ACTIVITIES|||||||||
|||||||||31.12.20|31.12.19|
|||||||Unrestricted|Restricted|Total|Total|
|||||||funds|funds|funds|funds|
||||||||||8|
||Fundrai sing|events|||||86,514|86,514||
||Subscriptions|||||32,119||32,119|27,262|
||Magazines,|raffles and locomotive|||hire|3,018||3,018|1,800|
||Holiday<br>letting||income|||8,351||8,351|21,202|
||Other sales|||||3,375||3,375|155|
|||||||46,863|86,514|133,377|50,419|
|4.|INVESTMENT INCOME|||||||||
|||||||||31.12.20|31.12.19|
|||||||Unrestricted|Restricted|Total|Total|
|||||||funds|funds|funds|funds|
||||||||8|g||
||Bank interest|||||25||25|56|
||Interest received on gifl aid payments||||||||201|
|||||||25||25|257|





## 

## 

## 

|||||||31.12.20|31.12.19|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||||||8|
||Hire ofplant|and machinery||1,745||1,745||
||Bad debts|||103,748||103,748||
||Steaming<br>expenses|||3,675||3,675|9,150|
||Holiday<br>letting expenses|||9,913||9,913|11,475|
|||||119,081||119,081|20,625|
|6.|CHARITABLE ACTIVITIES COSTS|||||||
||||||||Support|
||||||||costs|
||General costs||||||58,068|
||Property costs||||||78,508|
||||||||136,576|
|7.|NET INCOME/(EXPENDITURE)|||||||
||Net income/(expenditure)||is stated atter charging/(crediting):|||||
|||||||31.12.20|31.12.19|
||Depreciation|- owned assets||||78,508|47,867|
||Hire ofplant|and machinery||||1,745||
||Independent|examiner fees||||2,500|2,150|



## 

## 



## 

## 

|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||fund|fund|funds|
|INCOME AND ENDOWMENTS|FROM||||
|Donations<br>and legacies||82,048|40,052|122,100|
|Other trading activities||50,393|26|50,419|
|Investment<br>income||257||257|
|Total||132,698|40,078|172,776|
|EXPENDITURE ON|||||
|Raising funds||20,625||20,625|
|Charitable<br>activities|||||
|General costs||100,844|9,576|110,420|
|Property costs||6,553|43,846|50,399|
|Total||128,022|53,422|181,444|
|NET INCOME/(EXPENDITURE)||4,676|(13,344)|(8,668)|
|Transfers<br>between<br>funds||(5,322)|5,322||
|Net movement<br>in funds||(646)|(8,022)|(8,668)|
|RECONCILIATION<br>OF FUNDS|||||
|Total funds brought<br>forward||377,540|1,825,607|2,203,147|
|TOTAL FUNDS CARRIED FORWARD||376,894|1,817,585|2,194,479|





## 

## 

|10.|TANGIBLE FIXEDASSETS||||
|---|---|---|---|---|
|||Land,|||
|||Buildings|||
|||an(l|Plant and||
|||Improvements|machinery|Totals|
||COST||||
||At 1st January 2020|2,346,012|304,281|2,650?93|
||Additions|44,211|6,539|50,750|
||At 31st December 2020|2,390,223|310,820|2,701,043|
||DEPRECIATION||||
||At lstJanuary<br>2020|521,270|121,392|642,662|
||Charge for year|49,719|28,789|78,508|
||At 31st December 2020|570,989|150,181|721,170|
||NET BOOK VALUE||||
||At 31st December 2020|1,819,234|160,639|1,979,873|
||At 31st December 2019|1,824,742|182,889|2,007,631|
|11.|FIXEDASSETINVESTMENTS||||
|||Shares in|||
|||group|Unlisted||
|||undertakings|investments|Totals|
|||8|8||
||MARKET VALUE||||
||At 1st January 2020||281,584|281,585|
||Impairments||(220,560)|(220,560)|
||At 31st December 2020||61,024|61,025|
||NET BOOK VALUE||||
||At 31stDecember 2020|I|61,024|61,025|
||At 31stDecember 2019|I|281,584|281,585|



## 

|Llangollen<br>dt Corwen Railway (Trading) Limited|Llangollen<br>dt Corwen Railway (Trading) Limited|||||
|---|---|---|---|---|---|
|Registered office:|The Station, Abbey Road, Llangollen,|Denbighshire,|LL20 BSN|||
|Nature ofbusiness:|Hire oflocomotives|||||
|Class ofshare:|holding|||||
|Ordinary||100||||
|||||31.12.20|31.12.19|
|Aggregate<br>capital|and reserves|||(3 136)|(2,961)|
|Loss for the year||||(175)||





## 

## 

## 

## 

||||||31.12.20|31.12.19|
|---|---|---|---|---|---|---|
|Trade debtors|||||2,095|18|
|Amounts<br>owed by group undertakings|||||2,812|2,519|
|Due from Llangollen|Railway|||pic||5,040|
|VAT|||||1,719|5,888|
|Prepayments<br>and accrued||income|||530|1,470|
|Gift aid|||||16,369|6,051|
||||||23,525|20,986|
|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR||||
||||||31.12.20|31.12.19|
|Bank loans and overdratls||(see||note 14)||48,322|
|Trade creditors|||||11,975|14,484|
|Directors loans 2019|||||10,000|14,000|
|VAT||||||3|
|Other creditors|||||700|247|
|Due to Llangollen<br>Railway||pic||||92,827|
|Accruals and deferred|income||||7,088|10,189|
||||||29,763|180,072|



## 



## 

## 

||An analysis o|ft|he maturity|of|loa|ns is given below|:||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||31.12.20|31.12.19|
||Amounts<br>falling||due within|one year on demand:|||||||
||Bank overdraits|||||||||48,322|
|15.|MOVEMENT||IN FUNDS||||||||
|||||||||Net|Transfers||
|||||||||movement|between|At|
||||||||At 1.1.20|in funds|funds|31.12.20|
||||||||g||||
||Unrestricted|funds|||||||||
||General<br>fund||||||376,894|(12,829)|(18,588)|345,477|
||Restricted funds||||||||||
||Restricted||||||1,817,585|5,577|18,588|1,841,750|
||TOTAL FUNDS||||||2,194,479|(7,252)||2,187,227|
||Net movement|in funds, included||||in the above are|as follows:||||
||||||||Incoming|Resources|Gains and|Movement|
||||||||resources|expended|losses|in funds|
||Unrestricted|funds|||||||||
||General<br>fund||||||371,547|(208,816)|(175,560)|(12,829)|
||Restricted funds||||||||||
||Restricted||||||97,4]8|(46,841)|(45,000)|5,577|
||TOTAL FUNDS||||||468,965|(255,657)|(220,560)|(7,252)|
||Comparatives|for movement|||in|funds|||||
|||||||||Net|Transfers||
|||||||||movement|between|At|
||||||||At 1.1.19|in funds|funds|31.12.19|
||Unrestricted|funds|||||||||
||General<br>fund||||||377,540|4,676|(5,322 )|376,894|
||Restricted funds||||||||||
||Restricted||||||1,825,607|(13,344)|5,322|1,817,585|
||TOTAL FUNDS||||||2,203,147|(8,668)||2,194,479|





## 

## 

|||||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|---|---|
|||||||resources|expended|in funds|
|Unrestricted||funds|||||||
|General|fund|||||132,698|(128,022)|4,676|
|Restricted funds|||||||||
|Restricted||||||40,078|(53,422)|(13,344)|
|TOTAL|FUNDS|||||172,776|(181,444)|(8,668)|
|A current|year|12 months|and prior year 12months|combined|position|is as follows:|||
|||||||Net|Transfers||
|||||||movement|between|At|
|||||At 1.1.19||in funds|funds|31.12.20|
|||||||||8|
|Unrestricted||funds|||||||
|General|fund|||377,540||(8,153)|(23,910)|345,477|
|Restricted funds|||||||||
|Restricted||||1,825,607||(7,767)|23,910|1,841,750|
|TOTAL|FUNDS|||2,203,147||(15,920)||2,187,227|



|||||Incoming|Resources||Gains and|Movement|
|---|---|---|---|---|---|---|---|---|
|||||resources|expended||losses|in funds|
|||||||||f|
|Unrestricted|funds||||||||
|General<br>fund||||504,245|(336,838)||(175,560)|(8,153)|
|Restricted funds|||||||||
|Restricted||||137,496|(100,263)||(45,000 )|(7,767)|
|TOTAL FUNDS||||641,741|(437,101)||(220,560)|(15,920)|
|Restricted Funds:|||Balance b/fwd|Income|Transfers|Expenditure||Balance c/fwd|
|Pannier<br>Fund|7754||18,523|5,026|||(1,838)|21,711|
|Engine Shed|||25,000|||||25,000|
|Wagon<br>Fund|||770||||(110)|660|
|Corwen<br>Extension|||1,530,033||552||(41,355)|1,489,230|
|Flail Appeal|||6,239|||||6,239|
|investment|||106,024||||(45,000)|61,024|
|CCRD||||86,514||||86,514|
|Grant - platform||project|130996|5 877|18036||33538)|151372|
||||I 817585|97418|18588||{91841)|I 841 750|





## 

## 


## 

||2020|2019|
|---|---|---|
|Sales|2,419|1,800|
|Purchases|(14,176)|(65,720)|



||||||Debtors|Debtors|Creditors|Creditors|
|---|---|---|---|---|---|---|---|---|
||||||2020|2019|2020|2019|
|||||||6|||
|I langollen|Railway|pic||||5,040||92,827|
|Llangollen|and Corwen||Railway|(Trading)|||||
|Limited|||||2,813|2,794|||



## 



## 

## 

||||FOR THE YEAR ENDED 3 IS|TDECEMBER 2020||
|---|---|---|---|---|---|
|||||31.12.20|31.12.19|
|INCOME AND|ENDOWMENTS|||||
|Donations<br>and|legacies|||||
|Donations||||213,033|41,461|
|Giff aid||||47,724|6,051|
|Legacies||||21,274|38,205|
|Grant income||||53,532|36,383|
|||||335,563|122,100|
|Other trading activities||||||
|Fundraising<br>events||||86,514||
|Subscriptions||||32,119|27,262|
|Magazines,<br>raffles and locomotive|||hire|3,018|1,800|
|Holiday<br>letting income||||8,351|21,202|
|Other sales||||3,375|155|
|||||133,377|50,419|
|Investment<br>income||||||
|Bank interest||||25|56|
|Interest received|on|gift aid payments|||201|
|||||25|257|
|Total incoming|resources|||468,965|172,776|
|EXPENDITURE||||||
|Other trading activities||||||
|Hire ofplant and|machinery|||1,745||
|Bad debts||||103,748||
|Steaming expenses||||3,675|9,150|
|Holiday<br>letting expenses||||9,913|11,475|
|||||119,081|20,625|
|Support costs||||||
|Management||||||
|Printing,<br>stationery||and advertising||7,295|8,285|
|Legal and professional||||13,153|3,955|
|Sundries||||4,533|12,136|
|Accountancy||||2,623|2,168|
|Bookkeeping||||1,200|1,200|
|Travel and motor expenses||||144|1,307|
|Training<br>and recruitment||||690|1,178|
|||||29,638|30,229|
|Finance||||||
|Bank charges||||901|678|
|Carried forward||||901|678|





## 

||||DETAILED STATEMENT OF FINANCIAL|DETAILED STATEMENT OF FINANCIAL|ACTIVITIES|||
|---|---|---|---|---|---|---|---|
|||||FOR THE YEAR ENDED 3 1STDECEMBER 2020||||
|||||||31.12.20|31.12.19|
|Finance||||||||
|Brought forward||||||901|678|
|Credit card charges|||||||45|
|||||||901|723|
|Other||||||||
|Rent and rates||||||4,932|13,195|
|Light and heat|||||||2,532|
|Repairs and maintenance||||||22,597|66,273|
|Land, building|and|improvement||depreciation||78,508|47,867|
|||||||106,037|129,867|
|Total resources|expended|||||255,657|181,444|
|Net income/(expenditure)|||before gains and|||||
|losses||||||213,308|(8,668)|
|Realised recognised||gains|and losses|||||
|Realised gains/losses||on unlisted||investments||(220,560)||
|Net expenditure||||||(7,252)|(8,668)|