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





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||||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|





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||Note|Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||Funds|Funds||
||||K||
|INCOMING RESOURCES|||||
|Membership<br>Subscriptions||3,048||3,048|
|Donations<br>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<br>Expenditure|2|37,538||37,538|
|Special Event Costs||1,048||1,048|
|Management<br>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'<br>Funds brought<br>forward||550,044|1,435|551,479|
|Transfers relating to Capital Expenditure||53,939|(53,939)||
|Members'<br>Funds carried forward||589,794|1&435|591429|





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



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





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||Leasehold||Exhibits||Exhibits|Total|
|---|---|---|---|---|---|---|
||Land and|Plantand|Owned by||on Loan||
||Buildings<br>f|Equipment|Company|to|Company||
|Tangible Assets|||||||
|COST|||||||
|At start ofyear|228,001|122,146|290,066||2,810|643,023|
|Additions|118,611|11,980|-||-|130,591|
|Disposals|||||||
|At end ofyear|||||||
|DEPRECIATION|||||||
|At start ofyear|101,434|67,875|4,000||-|173,309|
|Charge for year|11/45|7,308|450||-|19,003|
|Eliminated<br>on disposals|||||||
|At end ofyear|||||||
|Net book value 2019|126,567|54271|286,066||2,810|469,714|
|Net book value 2020|233,933|58,943|285,616||2,810|581,302|



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|4.<br>Investments||||||||
|---|---|---|---|---|---|---|---|
|||||Group|Group|Company|Company|
|||||2020|2019|2020|2019|
||||||f||f|
|Shares in Joint Venture||Company||||||
|(Bugsworth Navigation||Ltd)||10,000|10,000|10,000|10,000|
|Loan to Bugsworth|Navigation||Ltd|3,950|4,100|3,950|4,100|
|Shares in Subsidiary|Company|||||1000|1000|
|||||13,950|14,100|14,950|15,100|





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



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|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2020|2019|2020|2019|
|Creditors and Accruals||30,271|33,067|30,117|32,879|
|Amount<br>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|





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||||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<br>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|



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||2020|2019|
|---|---|---|
|At start ofyear|331,424|322,270|
|Received &om Funders|||
|Transferred<br>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|



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||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||||||





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|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<br>Account|450|450|
||At eud ofyear|141,706|144,150|
|11.|Revaluation<br>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<br>-Group and Company|||
|||2020|2019|
||Authorised<br>and contracted|||
||Authorised,<br>not contracted|4,000|13,000|
|||4,000|13,000|





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||||||Group|Group|
|---|---|---|---|---|---|---|
||||||2020|2019|
|Income|||||||
|Shop Sales|||||6,818|10,743|
|Storage Charges to Members|||||5,183|5,156|
|Donations<br>from Members|||||2,929|6,743|
|Other Donations|||||8,652|8,363|
|Gifl Aid Refunds|||||1,896|1,686|
|Annual<br>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<br>Reserve|||||620|1,915|
|Gala and Other Event Costs|||||1,048|5,078|
|Santa Train Costs|||||0|5,218|
|Membership<br>Administration|||||1,623|1,723|
|Legal and Professional|Fees||||670|1,182|
|Marketing<br>and Publicity|||||4,041|5,723|
|Administration<br>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<br>for year||transferred||to Reserves|(2,894)|7,923|