2020-12-31-accounts - Moseley Railway Trust

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Contents			Page
Report ofthe Trustees
Independent Examiner's	Report
Profit and Loss Account
Balance Sheet
Statement ofFinancial Activities
Notes
Detailed Income and Expenditure		Account	15

			Group	Group	Company	Company
			2020	2019	2020	2019
					g
Turnover			48,073	76,348	46,409	68,666
Expenses			50,967	68,425	49,303	60,743
(Loss)/Profit	on Ordinary	Activities	(2,894)	7,923	(2,894)	7,923
before taxation
Taxation
(Loss)/Profit	after Tax transferred		(2,894)	7,923	(2,894)	7,923
to Reserves
(Loss)/Profit	is stated after charging:
			Group	Group	Company	Company
			2020	2019	2020	2019
						g
Independent	Accountant's	fee	670	695	550	575
Depreciation			19,003	18,073	19,003	18,073
Bank and PayPai charges			880	997	327	205

	Note	Unrestricted	Restricted	Total
		Funds	Funds
			K
INCOMING RESOURCES
Membership Subscriptions		3,048		3,048
Donations and Gift Aid in Cash		13,476	53,939	67,415
Retail Sales Contribution		2,968		2,968
Storage recharged to Members		5,183		5,183
Train Fare Income		6,838		6,838
Other Income		1,414		1,414
Total Incoming Resources		32,927	53g39	86i866
RESOURCES EXPENDED
Direct Charitable Expenditure	2	37,538		37,538
Special Event Costs		1,048		1,048
Management and Administration
ofthe Charity	3	8,530		8,530
Total Resources Expended		47,116		47,116
Net Resources Expended	4	(14%189)	53J39	39,750
Members' Funds brought forward		550,044	1,435	551,479
Transfers relating to Capital Expenditure		53,939	(53,939)
Members' Funds carried forward		589,794	1&435	591429

2.	Direct Charitable Expenditure
	Insurance	2,814
	Rent, Electricity and Property Maintenance	5,334
	Equipment Maintenance	8,549
	Fuel	1,218
	Maintenance Reserve	620
	Depreciation	19,003
		37,538

3.	Management and Administration	Management and Administration
	Membership Administration		1,623
	Marketing and Publicity		4,041
	Accountant's Fee		670
	Telephone		416
	Heritage Railway Association	Membership	200
	Legal Fees		0
	Bank and PayPal Charges		880
	Adminisnation and Miscellaneous		700
			8,530
4.	ReconciTiation to Profit and	Loss Account
	Net Incoming Resources as above		39,750
	Add: Deferred Capital Grants released		11,295
	Deduct: Donations to Restricted Funds		(53,939)
	Capital Cnants
	(Loss) on Ordinary Activities	before Taxation	(2,894)

4. Investments (continued)
				2020	2019
Bugsworth Navigation Ltd.
Nature ofbusiness: leasing ofland and buildings
Class ofshares:
Ordinary shares off250 each		Holding		50.00%	50.00%
Aggregate Capital and Reserves				20,004	20,002
Profit/ (Loss) for the financial year				4	5
Apedale Valley Light Railway	Ltd.
Nature ofbusiness: Railway events and sales
Class ofshares:
Ordinary shares off.l each		Holding		100.00%	100.00%
Aggregate capital and reserves				1,000	1,000
Profit/(Loss) for the financial year
5. Debtors
		Group	Group	Company	Company
		2020	2019	2020	2019
Amounts due irom Third Parties		22,393	6,273	22,393	6,166
Amount due f'rom Subsidiary	Company			4,143	1,957
Prepaid Expenses		2 994	I 587 Lf!K	2 994	I 587 22'

		Group	Group	Company	Company
		2020	2019	2020	2019
Creditors and Accruals		30,271	33,067	30,117	32,879
Amount due to
Bugsworth Navigation	Ltd	367		367
Income received in advance		6271	2 986	~671	2 986
		36,909	36,053	36,755	35,865

			2020	2019
Loans &om Members repayable	between	1 and 2years	13,000
Loan &om Third Party repayable	between	1 and 2 years	1,119	1/73
Loan &om Members repayable between 2		and 5 years	4,000
Loan from Third Party repayable	between	2 and 5 years	58	1,335
Liability in respect ofLoaned Fixed Assets			2810	2 810

	2020	2019
At start ofyear	331,424	322,270
Received &om Funders
Transferred 1'rom Restricted Funds	53,939	20,500
Released to Profit and Loss Account	(11,295)	(11,346)
At end ofyear	374,068	331,424

	Storage	Water	10hp	Other	Total
	Building	Tower	Ruston	Funds
					f.
At start ofyear			1,435	-	1,435
Donations received
during the year	39,189	12,500	-	2,250	53,939
Transfer to Deferred
Capital Cnunts	(39,189)	(12,500)	-	(2,250)	(53,939)
At end ofyear

Note	s (continued)
10.	Profit and Loss Account - Group and Company
		2020	2019
	At start ofyear	144,150	135,777
	(Loss)/Profit for year	(2,894)	7,923
	Transfer f'rom Revaluation Account	450	450
	At eud ofyear	141,706	144,150
11.	Revaluation Account - Group and Company
		2020	2019
	At start ofyear	74,470	74,920
	Fixed Assets Donated during the year
	Fixed Assets Disposed ofduring the year
	Released to Profit and Loss Account	(450)	(450)
	At eud ofyear
12.	Capital Commitments -Group and Company
		2020	2019
	Authorised and contracted
	Authorised, not contracted	4,000	13,000
		4,000	13,000

					Group	Group
					2020	2019
Income
Shop Sales					6,818	10,743
Storage Charges to Members					5,183	5,156
Donations from Members					2,929	6,743
Other Donations					8,652	8,363
Gifl Aid Refunds					1,896	1,686
Annual Subscriptions					3,048	2,979
Gala Receipts					0	5,724
Santa Train Receipts					0	11,350
Party Visits					540	1,096
Train Fares					6,298	9,923
NGRS Rent Receivable					1,414	1,239
Defetred Capital Grants	Released				11,295	11,346
Total Income					48,073	76,348
Expenditure
Cost ofShop Sales					3,850	6,746
Insurance					2,814	1,299
Rent and Electricity					5,334	5,708
Loco, Stock and Plant &Permanent			Way Maintenance		8,550	10,956
Fuel					1,218	2,496
Maintenance Reserve					620	1,915
Gala and Other Event Costs					1,048	5,078
Santa Train Costs					0	5,218
Membership Administration					1,623	1,723
Legal and Professional	Fees				670	1,182
Marketing and Publicity					4,041	5,723
Administration and Miscellaneous					1,316	1,311
Bank and PayPal Charges					880	997
Depreciation ofBuildings		and Equipment			19,003	18,073
Total Expenditure					50,967	68,425
(Deficit)/Surplus for year		transferred		to Reserves	(2,894)	7,923