2021-01-31-accounts - Talyllyn Holdings Limited

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					Unrestricted Funds	Restricted Funds	Total Funds	Total Funds
					2021	2021	2021	2020
				Notes	f.	6	6
INCOME
Donations, subscriptions			and legacies	2	254,659	536,161	790,820	522,362
Income from charitable		activities
Railway					251,177		251,177	604,660
Income from other trading			activities
Shop					94,332		94,332	160,951
Catering					155,272		155,272	370,348
Other Income					7,248		7,248	5,256
Income from investments
Bank interest								2,231
Total income					763235	536 161	1299396	1 665 808
EXPENDITURE
Expenditure on raising		funds
Commercial	trading operations				230,515		230,515	466,665
Expenditure on charitable			activities		329,917	468,628	798,545	928,633
Total expenditure					560432	468 628	029060	1 395298
Net movement	in funds				202,803	67,533	270,336	270,510
Funds balances	brought	forward			1,468,377	1,155,361	2,623,738	2,353,228
Transfer offund	balances				(17,836)	17,836
Fund balances	carried forward				1,653,344	1 240 730	2,894,074	2,623,738

				2021	2020
		Notes		6	5
FIXEDASSETS
Tangible axed assets		9		1,582,826	1,791,209
Heditage assets		10		395,809	373,307
				1,978,635	2,164,516
CURRENTASSETS
Stocks and stores		12	127,112		116,747
Debtors		13	22,881		124,932
Cash at bank			890,124
			1,040,117		607,001
CREDITORS: Amounts	falling due within one year				147779
NET CURRENT ASSETS				915,439	459,222
NET ASSETS				2894074	2623 738
FUND BALANCES
Restricted funds		16		1,240,730	1,155,361
Unrestricted funds		16		1,653,344	1,468,377
				2,894,074	2,623,738

					2021	2020
					8	8
Reconciliation ofnet movement in funds to			new cash flow from operating	activities
Nst movement in funds					270,336	270,510
Depreciation					74,005	70,056
Decrease/(increase) in	stock				(10,365)	(64,673)
Decrease/(increase) in	debtors				102,051	(97,900)
Increase/(decrease) in	creditors				(23,101)	64,285
Bank interest receivable					547	,231
Net cash inflow from operating activities					412,379	240,050
Cashf low from investing activities
Bank interest received					547	2,231
Proceeds from disposal	oftangible	assets			168,000
Acquisition oftangible assets					56,124	404,075
					112,423	(401,844)
Change in cash and cash equivalents		for the year			524,802	(161,794)
Cash and cash equivalents	at the beginning		ofthe year		365,322	527,116
Cash and cash equivalents	at the end	ofthe	year		890 124	365322

2. ANALYSIS OF INCOMING	ESOURC	ES
				Unrestricted Funds	Restricted Funds		Total	Funds	Total Funds
				2021	2021		2021			2020
				6	6					6
General donations and legacies				226,089	536,161		762,250			509,581
Tax recoverable				28,570				28,570		12,781
				254,659	536,161		790,820			522,362
Restricted general donations and Retention Scheme, grant income	legacies includes government off150000 in respect ofthe			grants off164,718in respect ofthe Coronavirus Job Welsh Government Culture Recovery Grant Scheme and
645,700 in respect ofthe National	Lottery	Heritage	Emergency	Fund. There are no	unfulfilled	conditions		attached	to
the grants at the year end.
3. CHARITABLE EXPENSES
			Raising		Charitable
			funds	Governance	activities		Total	2021	Total 2020
Staff costs (Note 6)			114,122		457,748		571,870			651,621
Support costs (Note 4)			8,032		260,864		268,896			337,159
Cost ofgoods sold			108,361				108,361			230,090
Railway operating costs					67,617			67,617		163,403
Auditors' remuneration for ag services				12,316				12,316		13,025
			230,515	12,316	786,229		1,029,060			1,395,298
4.SUPPORT COSTS				Unrestricted Funds	Restricted Funds		Total	Funds	Total Funds
				2021f	2021 8		2021 8			2020 8
Rent, Rates and Insurance				26,216				26,216		30,313
Electricity, Water and Gas				30,724				30,724		45,648
Printing and Stationery				4,221				4,221		6,728
Advertising and Publicity				23,406				23,406		50,240
Postage and Telephone				18,878				18,878		15,605
Bank and Credit Card charges				10,053				10,053		12,220
Cleaning and first aid				7,735				7,735		14,869
Accountancy soffware &systems				19,800				19,800		18,150
Legal Fees				10,943				10,943		6,557
HR Consultancy				1,143				1,143		600
HRA subscription & meeting expenses				1,097				1,097		1,763
Grants payable				31				31		436
Staff dinner										1,702
Messroom supplies and free staff/volunteer		drinks		908				908		2,726
Refuse collection and disposal				5,243				5,243		8,386
Premises Licences				250				250		250
Security and Alarm				3,853				3,853		5,937
Consumables and disposables				4,019				4,019		6,752
Computer Running Expenses				12,937				12,937		19,089
Miscellaneous				13,434				13,434		19,132
Depreciation				74,005				74,005		70,056
				268896			268896			337159

						Unrestricted	Unrestricted		Restri cterl	Restri cterl	Total
							2020		2020		2020
							6		6		6
Donations, subscriptions			and legacies				506,291		16,071		522,362
Income from charitable		activities
Railway							604,660				604,660
Income from other trading			activities
Shop							160,951				160,951
Cateding							370,348				370,348
Other income							5,256				5,256
Income from investments							2231				2231
TOTAL INCOME							1,649,737		16,071		1,665,808
Expenditure on raising funds
Commercial trading	operations						466,665				466,665
Expenditure on charitable			activities				816,428		112,205		928,633
TOTAL EXPENDITURE							1,283,093		112,205		1,395,298
Net movement in funds							366,644		96,134		270,510
6. STAFF COSTS
									2021f		2020 f
Wages &salaries									497,720		562,381
National insurance									30,718		33,674
Pension costs									26,204		26,666
Other costs (Travelling	and		training	costs etc)					17,228		28,900
									571,870		651,621
No employee earned over		660,000		(including	taxable benefits but excluding	employer	pension	contributions)		dunng	the year.
The average number of	employees			duding the	year was as follows:
									2021		2020
Catering										16	23
Engineeiing										10	11
Shop										3	4
Railway operations and	administration									6	7
										35	45

			2021	2020
			f.	6
Independent	auditor's	fees	9,000	9,000
			9000	9,000

9. FIXED	9. FIXED	ASSETS
GROUP
					Plant,
					machinery,		Commercial
				Land 8	fixtures 6	Motor	operations,
				buildings	fittings	vehicles	Office and IT	Total
				2	6	6	6	6
Cost
Brought	forward			2,171,007	118,554	9,250	25,274	2,324,085
Additions					11,972		6,110	18,082
Disposals				(168,000)				(168,000)
Carried	forward			2,003,007	130,526	9,250	31,384	2,174,167
Depreciation
Brought	forward			495,818	30,574	463	6,021	532,876
Charge				38,589	12,355	1,849	5,672	58,465
Elimination		on disposal
Carried	forward			534,407	42,929	2,312	11693	591,341
NBVat	31	January	2021	1,468,600	87,597	6,938	19,691	1,582,826
NBVat	31	January	2020	1,675,189	87,980	8,787	19,253	1,791,209
CHARITY
							Land &
							buildings	Total
							6	2
Cost
Brought	forward						653,696	653,696
Additions
Oisposals							(168,000)	(168,000)
Carried	forward						485,696	485,696
Depreciation
Brought	forward						10,279	10,279
Charge							8,243	8,243
Elimination		on disposal
Carried	forward						18,522	18522
NBV at	31	January	2021				467,174	467,174
NBV at	31	January	2020				643,417	643417

GROUP
		Permanent	Locomotives
		way and	&rolling
		infrastructure	stock	Total
		5	6
Cost
Broughtforward		181,641	224,152	405,793
Additions			38,042	38,042
Dispossls
Carried forward		181 641	262,194	443,835
Depreciation
Brought forward		12,973	19,513	32,486
Charge		4,541	10,999	15,540
Elimination	on disposal
Carried fonvard		17514	30,512	48 026
NBV at 31	January 2021	164 127	231,682	395,809
NBV at 31	January 2020	168,668	204,639	373,307

Summary analysi	s of Heritage Asset transaction	s
		2021	2020	2019	2018
Additions
Assets purchased	—development	38,042	7,798	87,883	93,663
Total additions		38,042	7,798	87,883	93,663
Depreciation
Assets purchased	- development	15,540	15,094	11,771	5,621
Sub total		15,540	15,094	11771	5621

A summary o	fthe t	radi	ng	results is shown b	elow:
						2021	2020
						2	8
Turnover						1,137,523	1,276,700
Exceptional item
Cost ofsales						(746,748)	(1,042,404)
Gross profit						390,775	234,296
Administrative	expenses					(234,520)	(303,937)
Net loss						156,255	(69,641)
Retained earnings		brought		forward
Donation from	Talyllyn		Railway Preservation		Society	50,000	65,000
Retained earnings		carried		forward		206,255	4,641
12.STOCKS
						2021	2020
						2	6
Fuel &consumables						4,410	5,150
Maintenance	and Work-in-Progress					86,317	82,589
Goods for resale						36,385	29,008
						127112	116,747

			Group		Group		Charity	Charity	Charity
			2021		2020		2021		2020
			8		8		8		6
Trade debtors				850		694
Prepayments		and other debtors	20,237		124,238			640	85,378
Taxation	and	social security		445
Amounts	due	from group undertakings					17,400		8,290
Amounts	due	from related parties	1	349
			22	881	124	932	18	040	93668

								Group		Group	Charity	Charity	Charity
								2021		2020	2021	2020
								6		6	6	6
Trade creditors								27,716		56,333
Accruals &deferred income								35,700		32,764	13,000	13,000
Other creditors								61,262		61,547	61,186	61,187
Taxation and social security										(11,566)
Amounts due to related parties										8,701
								124,678		147,779	74,186	74,187
15. DEFERRED INCOME
Brought forward at 1 February 2020													8,204
Amount released to income	earned from			charitable		activities							(613)
Amounts released to income	earned		from		trading	activities							(75)
Amounts deferred in the year for charitable					activities								3,821
Amounts deferred in the year for trading				activities									450
												11,787
16. FUNDS
Statement offunds - current		year
						Balance	at 1					Balance	at 31
						February						January
						2020		Income		Transfer	Expenditure		2021
							6		6	6	6		6
Unrestricted funds
General funds						1,414,373		763,235		(17,836)	(560,432)	1,599,340
Designated funds						54	004					54,004
Restricted funds
Wharf Building						1,031,772					(30,346)	1,001,426
Development fund
Loco. No.3"SirHaydn"	Appeal					92,247					(7,977)	84,270
Corrie Coach								38,042				38,042
Tracksiders Fund							628						628
Open Carriages Appeal								1,300		4,302	(5,602)
Toby the Trolley appeal
Corrie Carriage appeal						9,705			195	13,534	(23,434)
Ty Dwr Appeal						1,477			20				1,497
2018AGM Strimmers	Etc.						319						319
2019AGM Carriage Heating						2,585							2,585
2020 AGM Loco in)actors								5,713					5,713
Graham Guilford Fund						16,628					(31)	16,597
Virtual Visit Appeal								130,438			(130,000)		438
Tamping Machine Appeal									35				35
Culture Recovery Grant								150,000			(60,820)	89,180
Coronavirus Job Retention Scheme								164,718			(164,718)
National Lottery Heritage		Emergency			Fund			45	700		45700
						1,155,361		536,161		17,836	(468,628)	1,240,730
						2 623	738	1 299	396		1 029060	2894074

Brought	forward at	forward at	1	1	February 2020					8,204
Amount	released	to		income earned		from	charitable		activities	(613)
Amounts	released		to		income earned	from		trading	activities	(75)
Amounts	deferred		in		the year for charitable			activities		3,821
Amounts	deferred		in		the year for trading		activities			450
										11,787

Analysis o	ffunds between net assets -	prior year
			Net Current	Long Term
		Fixed Assets	Assets	Liabilities	Total
		6	6	6	6
Unrestricted	funds	1,132,744	335,633		1,468,377
Restricted	funds	1,031,772	123,589		1,155,361
Carried forward		2 164516	459222		2,623,738