## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||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|R|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| ## ## ## ## ##