2021-02-28-accounts - The Hollycombe Working Steam Museum Limited

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			Page
Report ofthe Trustees		1	to	9
Independent Examiner's	Report		10
Statement ofFinancial	Activities
Balance Sheet		12	to	13
Cash Flow Statement			14
Notes to the Cash Flow	Statement		15
Notes to the Financial Statements		16	to	26

						2021	2020
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes
INCOME AND ENDOWMENTS		FROM
Donations and legacies				119,306	501,469	620,775	365,238
Charitable activities
Maintenance ofcollection				500		500	18,197
Other trading activities							I1,506
Investment income				43		43	137
Other income				66,399		66,399
Total				186,24S	501,469	687,717	395,078
EXPENDITURE ON
Charitable activities
Maintenance ofcollection				199,323	182,100	381,423	387,680
Other				1,571	3,255	4,826	2,113
Total				200,894	185,355	386,249	389,793
NET INCOME/(EXPENDITURE)				(14,646)	316,114	301,468	5,285
Transfers between funds			17	40,742	(40,742)
Net movement in funds				26,096	275,372	301,46S	5,285
RECONCILIATION	OF FUNDS
Total funds brought forward				131,601	2,268,416	2,400,017	2,394,732
TOTAL FUNDS CARRIED FORWARD				157,697	2,543,788	2,701,4S5	2,400,017

				2021	2020
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes	f.
FIXEDASSETS
Tangible assets	12	201,111	2,264,902	2,466,013	2,253,379
Investments	13
		201,112	2,264,902	2,466,014	2,253,380
CURRENT ASSETS
Debtors	14	63,149	46,013	109,162	123,206
Cash at bank and in hand		21,491	243,872	265,363	152,940
		84,640	289,885	374,525	276,146
CREDITORS
Amounts falling due within one year	15	(128,055)	(10,999)	(139,054)	(129,509)
NET CURRENT ASSETS		(43,415)	278,886	235,471	146,637
TOTAL ASSETSLESSCURRENT
LIABILITIES		157,697	2,543,7S8	2,701&485	2,400,017
NET ASSETS		157,697	2,543,788	2,701,4S5	2,400,017
FUNDS	17
Unrestricted funds				157,697	131,601
Restricted funds				2&543&788	2,268,416
TOTAL FUNDS				2,701,485	2,400,017

					2021	2020
				Notes
Cash flows from	operating		activities
Cash generated from operations				I	314,406	(23,402)
Net cash provided	by/(used		in) operating activities		314,406	(23,402)
Cash flows from	investing		activities
Purchase oftangible fixed		assets			(217,460)	(8,500)
Interest received					43	137
Net cash used in	investing	activities			(217,417)	(8,363)
Cash flows from	financing		activities
Due from Hollycombe Retailing					22,701	(16,922)
Net cash provided	by/(used		in) financing	activities	22,701	(16,922)
Change in cash and cash		equivalents		in the
reporting period					119,690	(48,687)
Cash and cash equivalents			at the beginning
ofthe reporting	period				145,673	194,360
Cash and cash equivalents			at the end	ofthe
reporting period				2	265,363	145,673

	RECONCILIATION OF NET INCOME TO	RECONCILIATION OF NET INCOME TO	RECONCILIATION OF NET INCOME TO	RECONCILIATION OF NET INCOME TO	RECONCILIATION OF NET INCOME TO	NET CASH	FLOW FROM OPERATING ACTIVITIES	FLOW FROM OPERATING ACTIVITIES	FLOW FROM OPERATING ACTIVITIES
								2021	2020
	Net income for the		reporting		period (as per the Statement		ofFinancial
	Activities)							301,468	5,285
	Adjustments for:
	Depreciation charges							4,826	2,113
	Interest received							(43)	(137)
	Increase in debtors							(8,657)	(59,189)
	Increase in creditors							16,812	28,526
	Net cash provided	by/(used		in) operations				314,406	(23,402)
2.	ANALYSIS OF CASH AND				CASH EQUIVALENTS
								2021	2020
								f.
	Cash in hand							2,473	2,495
	Notice deposits (less		than 3 months)					262,890	150,445
	Overdrafts included		in bank loans and overdrafts			falling due within one year			(7,267)
	Total cash and cash	equivalents						265,363	145,673
3.	ANALYSIS OF CHANGES				IN NET FUNDS
							At 1,3.20	Cash flow	At 28.2.21
	Net cash
	Cash at bank and in	hand					152,940	112,423	265,363
	Bank overdrail						(7,267)	7,267
							145,673	119,690	265,363
	Total						145,673	119,690	265,363

DONATIONS AND LE	GACIES
		2021	2020
Donations		21,577	11,665
Gift aid		1,938	46,315
Grants		597,260	56,430
Gate receipts			250,828
		620,775	365,238
Grants received, included	in the above, are as follows:
		2021	2020
		f.
Winch project			6,730
HLF Resilience Grant		39,760	49,700
Coutts Grant		5,000
COVID recovery
		105,000
DCMS Grant		447,500
		597,260	56,430

3.	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES	OTHER TRADING ACTIVITIES
							2021	2020
	Covenanted	profits from	trading	subsidiary				11,506
4.	INVESTMENT INCOME
							2021	2020
	Deposit account interest						43	137
5.	INCOME FROM CHARITABLE ACTIVITIES
							2021	2020
				Activity
	Other income			Maintenance	ofcollection		500	18,197
6.	CHARITABLE ACTIVITIES			COSTS
							Support
						Direct	costs (see
						Costs	note 7)	Totals
	Maintenance	ofcollection				372,736	8,687	381,423
7.	SUPPORT	COSTS
							Governance
						Finance	costs	Totals
	Maintenance	ofcollection				2,460	6,227	8,687
8.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated aAer charging/(crediting):
							2021	2020
	Depreciation	- owned assets					4,826	2,113
	Rent ofland						18,742	18,937

					2021	2020
					E
Wages and	salaries				50,579	60,811
Social security costs					298
Other pension costs					931	814
					51,808	61,625
The average	monthly	number ofemployees		during the year was as follows:
					2021	2020
Museum staff					4	4
No employees received emoluments			in excess off60,000.
COMPARATIVES		FORTHE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestricted	Restricted	Total
				fund	funds	funds
					f.
INCOME AND ENDOWMENTS			FROM
Donations and legacies				308,808	56,430	365,238
Charitable	activities
Maintenance	ofcollection			18,197		18,197
Other trading activities				11,506		11,506
Investment	income			137		137
Total				338,648	56,430	395,078
EXPENDITURE ON
Charitable	activities
Maintenance	ofcollection			341,091	46,589	387,680
Other				2,113		2,113
Total				343,204	46,589	389,793

11.	COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES -continued	COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES -continued	COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES -continued	COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES -continued
			Vnrestricted	Restricted	Total
			fund	funds	funds
	NET INCOME/(EXPENDITURE)		(4,556)	9,841	5,285
	RECONCILIATION	OF FUNDS
	Total funds brought	forward	' 136,157	2,258,575	2,394,732
	TOTAL FUNDS CARRIED FORWARD		131,601	2,268,416	2,400,017
12.	TANGIBLE FIXED	ASSETS
			Buildings	Steam	Fixtures
			&improvements	collection	&Fittings
	COST
	At 1 March 2020		1,132,879	1,115,585	50,304
	Additions			30,600	186,860
	At 28 February 2021		1,132,879	1,146,185	237,164
	DEPRECIATION
	At 1 March 2020		6,287	26,934	41,643
	Charge for year			410	4,416
	At 28 February 2021		6,287	27,344	46,059
	NET BOOKVALUE
	At 28 February 2021		1,126,592	1,118,841	191,105
	At 29 February 2020		1,126,592	1,088,651	8,661

TANGIBLE FIXEDASSETS - continued
	Motor	Historical
	vehicles	attractions	Totals
COST
At 1 March 2020	4,050	31,250	2,334,068
Additions			217,460
At 28 February 2021	4,050	31,250	2,551,528
DEPRECIATION
At 1 March 2020	4,050	1,775	80,689
Charge for year			4,826
At 28 February 2021	4,050	1,775	85,515
NET BOOK VALUE
At 28 February 2021		29,475	2,466,013
At 29 February 2020		29,475	2,253,379
FIXEDASSET INVESTMENTS
			Shares in
			group
			undertakings
MARKET VALUE
At 1 March 2020 and 28 February 2021
NET BOOK VALUE
At 28 February 2021
At 29 February 2020

Registered	office:
Nature of	business: Saleofmuseum	merchandise	and cafe
Class ofshare			holding
Ordinary			100
				28.2.21	28.2.20
Aggregate	capital and reserves			(5,890)	1
Loss for the year				(5,891)

DEBTORS:AMOUNTS FALLING DUE WITHIN ONE Y	EAR
	2021	2020
		f.
Trade debtors		1,200
Amounts owed by group undertakings	19,063	41,764
Other debtors	70,968	77,718
VAT	293	872
Prepayments	18,83S	1,652
	109,162	123,206

An analysis ofthe maturity ofloans is given below	:
			2021	2020
			f.
Amounts falling due within one year on demand:
Bank overdrafis				7,267
MOVEMENT IN FUNDS
		Net	Transfers
		movement	between	At
	At 1.3.20	in funds	funds	28.2.21
	f,	f.
Unrestricted funds
General fund	131,601	(14)646)	40,742	157,697
Restricted funds
Restricted	2,099)840	(479)	(15)742)	2)083)619
Sawmill project	66,280	(1,700)	(5,000)	59,580
Emperor project	S3,545			83,545
HLF Resilience	18,751	34,172	(20,000)	32,923
Mann Tractor Fund		965		965
DCMS Grant		279,841		279,S41
Coutts Grant		3,315		3,315
	2,268,416	316,114	(40,742)	2,543,788
TOTAL FUNDS	2,400,017	301,468		2,701,485

Net movement	in funds, included	in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted	funds
General fund				186,248	(200,894)	(14,646)
Restricted funds
Restricted					(479)	(479)
Sawmill project					(1,700)	(1,700)
HLF Resilience				39,760	(5,588)	34,172
Mann Tractor	Fund			95210	(8,245)	965
DCMS Grant				447,499	(167,658)	279,841
Coutts Grant				5,000	(1,685)	3,315
				501,469	(185,355)	316,114
TOTAL FUNDS				687,717	(386,249)	301,468
Comparatives	for movement	in	funds
					Net
					movement	At
				At 1.3.19	in funds	29.2.20
				f.
Unrestricted	funds
General fund				136,157	(4,556)	131,601
Restricted funds
Restricted				2,099,840		2,099,840
Sawmill project				73,735	(7,455)	66,280
Emperor project				85,000	(1,455)	83,545
HLF Resilience					18,751	18,751
				2,258,575	9,841	2,268,416
TOTAL FUNDS				2,394,732	5,285	2,400,017

	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	338,648	(343,204)	(4,556)
Restricted funds
Sawmill project		(7,455)	(7,455)
Emperor project		(1.455)	(1,455)
Winch project	6,730	(6,730)
HLF Resilience	49,700	(30,949)	18,751
	56,430	(46,589)	9,841
TOTAL FUNDS	395,078	(389,793)	5,285

			Net	Transfers
			movement	between	At
		At 1.3.19	in funds	funds	28.2.21
Unrestricted	funds
General fund		136,157	(19,202)	40,742	157,697
Restricted funds
Restricted		2,099,840	(479)	(15,742)	2,083,619
Sawmi1 I project		73,735	(9,155)	(5.000)	59,580
Emperor project		85,000	(1,455)		83,545
HLF Resilience			52,923	(20,000)	32,923
Mann Tractor	Fund		965		965
DCMS Grant			279,841		279,841
Coutts Grant			3,315		3,315
		2,258,575	325,955	(40,742)	2,543,788
TOTAL FUNDS		2,394,732	306,753		2,701,485

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		524,896	(544,098)	(19,202)
Restricted funds
Restricted			(479)	(479)
Sawmill project			(9,155)	(9,155)
Emperor project			(1,455)	(1,455)
Winch project		6,730	(6,730)
HLF Resilience		89,460	(36,537)	52,923
Mann Tractor	Fund	9,210	(8,245)	965
DCMS Grant		447,499	(167,658)	279,841
Coutts Grant		5,000	(1,685)	3,315
		557,899	(231,944)	325,955
TOTAL FUNDS		1,082,795	(776,042)	306,753