| 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 | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | |||
| Turnover | 66,621 | 48,073 | 61,691 | 46,409 | ||
| Expenses | 58,343 | 50,967 | 53,413 | 49,303 | ||
| Profit/(Loss) | on Ordinary | Activities | 8,278 | (2,894) | 8778 | (2,894) |
| before taxation | ||||||
| Taxation | ||||||
| Profit/(Loss) | after Tax transferred | 8,278 | (2,894) | 8,278 | (2,894) | |
| to Reserves | ||||||
| (Loss)/Profit | is stated after charging: | |||||
| Group | Group | Company | Company | |||
| 2021 | 2020 | 2021 | 2020 | |||
| Independent | Accountant's | fee | 682 | 670 | 550 | 550 |
| Depreciation | 19,368 | 19,003 | 19,368 | 19,003 | ||
| Bank and PayPal charges | 1,213 | 880 | 252 | 327 |
| Note | Note | Group | Group | Company | Company | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | ||||||||
| f. | |||||||||||
| Fixed Assets | 3 | 571,325 | 581302 | 571,325 | 581302 | ||||||
| Investments | 4 | 13,800 | 13,950 | 14,800 | 14,950 | ||||||
| CurreatAssets | |||||||||||
| Stocks | 6,858 | 7,134 | 4,098 | 4427 | |||||||
| Debtors Cash at bank and in hand |
5 | 6/96 ~4 |
25,387 ~15 |
8,729 ~887 |
29/30 232'162 |
||||||
| Cmbtom: amounts gttling one year |
due | within | 6 | 67,879 144D |
53,873 ~6 |
66,714 ~ |
52,719 ~37 |
||||
| Net Currcat Assets | 24,408 | 16rt64 | 23,408 | 15,964 | |||||||
| Long Term Liabilities | 7 | ~ll 0 |
~ | ~tg 0 | ~9 | ||||||
| Net Assets | |||||||||||
| Deferred Capital Grants | tt | 371,819 | 374,068 | 371,819 | 374,068 | ||||||
| Restricted Funds | 9 | 1,900 | 1,435 | 1,900 | 1,435 | ||||||
| Income and Expenditure Revaluation Account |
Account | 10 11 |
150,434 | 141,706 740471 |
150,434 ~370 |
141,706 74020 |
|||||
| Members' Funds |
KL?ZR | ||||||||||
| For thc year ended 31 December | 2021 tbe | company uns eraitled to mtcmpdon |
uodcr Section 477(2) of the | ||||||||
| Companies Act 2006. | |||||||||||
| The membcm have not |
rcquircd | the company | to | obtain an audit in accordance |
ntth Secdon 476 of the |
||||||
| Companku Act 2006. |
|||||||||||
| Tbe dbcctors acknowledge iheir tcspooubghy |
for. | ||||||||||
| i.ensuring thc company Aa 2006and: |
keeps accounting | records wNch comply | with Section 386 | and 387ofQu Compamcs | |||||||
| i1piepming accoants which give a true acd Qnancial year, and ofits profit ortoss forthe |
fair view ofthe state ofaffairs ofthe corapany as at tbe end ofthe inancial year, in accordance uqth the cqoirenuias ofsection 394 |
||||||||||
| and 395and which otbenvise | comply with | tbe rcqoucments ofihe | Companies Act | 2006 relatiog to accoums, so | |||||||
| fsras is applicable to the | company. | ||||||||||
| Thc accounts have been | prepared | in accordance | with the special | pmvisions in Pmt |
15ofthe Companies Act |
||||||
| 2006relating to small companies. | |||||||||||
| These fmancm statemeots | were appmved | by | the | board ofduectors | on 12Febnxuy | 2022 srd were | sigeed on its | ||||
| P CRobinson | AFFerrington | ||||||||||
| Director | Treasurer | ||||||||||
| The notes on pages 8 | to | 14form pa | rt ofthe Financial Statements. |
| Note | Unrestricted | Restricted | Total |
|---|---|---|---|
| Funds | Funds | ||
| INCOMING RESOURCES | |||
| Membership Subscriptions |
3,337 | 3,337 | |
| Donations and Gift Aid in Cash |
10,747 | 9,215 | 19,962 |
| Retail Sales Contribution | 6,068 | 6,068 | |
| Storage recharged to Members | 5,672 | 5,672 | |
| Train Fare Income | 21,645 | 21,645 | |
| Other Income | 1,452 | 1,452 | |
| Total Incoming Resources | 48,921 | 9415 | 58&136 |
| RESOURCES EXPENDED | |||
| Direct Charitable Expenditure |
44,001 | 44,001 | |
| Special Event Costs | |||
| Management and Administration |
|||
| ofthe Charity | 7,641 | 7,641 | |
| Total Resources Expended | 51,642 | 51,642 | |
| Net Resources Expended 4 |
(2,721) | 9415 | 6,494 |
| Members' Funds brought forward |
589,794 | 1,435 | 591,229 |
| Transfers relating to Capital Expenditure | 8,750 | (8,750) | |
| Members' Funds carried forward |
595,823 | 1,900 | 597,723 |
| tes | to the Statement ofFinancial | to the Statement ofFinancial | Activities | |
|---|---|---|---|---|
| Retail Sales Contribution | ||||
| Sales | 10,436 | |||
| Less Cost ofSales | 4,368 | |||
| 6,068 | ||||
| Direct Charitable | Expenditure | |||
| Insurance | 2,778 | |||
| Rent and Electricity | 6,524 | |||
| Equipment and Property Maintenance |
10,897 | |||
| Fuel | 2,149 | |||
| Maintenance Reserve |
1,535 | |||
| Transport | 750 | |||
| Depreciation | 19,368 | |||
| 44,001 | ||||
| 3. | Management and |
Administration | ofthe Charity | |
| Membership Administration |
1,568 | |||
| Marketing and Publicity |
3,226 | |||
| Accountant's Fee |
682 | |||
| Telephone | 366 | |||
| Heritage Railway Association Membership | 195 | |||
| Legal Fees | ||||
| Bank and PayPal Charges | 1,213 | |||
| Administration and |
Miscellaneous | 391 | ||
| 7,641 | ||||
| Reconciliation to |
Profit and Loss Account | |||
| Net Incoming Resources as above | 6,494 | |||
| Add: Deferred |
Capital Grants released | 10,999 | ||
| Deduct: Donations | to Restricted Funds | (9,215) | ||
| Capital Grants | ||||
| Profit on Ordinary | Activities before | Taxation | 8,278 |
| Leasehold | Leasehold | Exhibits | Exhibits | Exhibits | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Land and | Plant | and | Owned | by | on Loan | ||||||
| Buildings | Equipment | Company | to Company | ||||||||
| Tangible Assets | |||||||||||
| COST | |||||||||||
| At start ofyear | 346,612 | 134,126 | 290,066 | 2,810 | 773,614 | ||||||
| Additions | 5,403 | 3,988 | 9,391 | ||||||||
| Disposals | |||||||||||
| At end ofyear | |||||||||||
| DEPRECIATION | |||||||||||
| At start ofyear | 112,679 | 75,183 | 4,450 | - | 192,312 | ||||||
| Charge for year | 11,243 | 7,675 | 450 | - | 19,368 | ||||||
| Eliminated on disposals |
|||||||||||
| At end ofyear | 3 | 2 | 2 | 8 | 0 | - | 2 | ||||
| Net book value 2020 | 233,933 | 58,943 | 285,616 | 2,810 | 581,302 | ||||||
| Net book value 2021 | 228,093 | 55,256 | 285,166 | 2,810 | 571,325 | ||||||
| 4. Investments |
|||||||||||
| Group | Group | Company | Company | ||||||||
| 2021 | 2020 | 2021 | 2020 | ||||||||
| Shares in Joint Venture | Company | ||||||||||
| (Bugsworth Navigation | Ltd) | 10,000 | 10,000 | 10,000 | 10,000 | ||||||
| Loan to Bugsworth | Navigation | Ltd | 3,800 | 3,950 | 3,800 | 3,950 | |||||
| Shares in Subsidiary | Company | 1000 | 1 000 | ||||||||
| 13,800 | 13,950 | 14,800 | 14,950 |
| Notes (conrinued) | |||||
|---|---|---|---|---|---|
| 4. Investments (continued) |
|||||
| 2021 | 2020 | ||||
| Bugsworth Navigation Ltd. |
|||||
| Nature ofbusiness: leasing ofland and buildings | |||||
| Class ofshares: | |||||
| Ordinary shares off250 each |
Holding | 50.00% | 50.00% | ||
| K | |||||
| Aggregate Capital and Reserves |
20,004 | 20,004 | |||
| Profit/ (Loss) for the financial year | 4 | ||||
| Apedale Valley Light Railway | Ltd. | ||||
| Nature ofbusiness: Railway events and sales | |||||
| Class ofshares: | |||||
| Ordinary shares ofEl 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 | ||
| 2021 | 2020 | 2021 | 2020 | ||
| Amounts due irom Third Parties |
2,490 | 22,393 | 2,490 | 22,393 | |
| Amount due Irom Subsidiary |
Company | 2,433 | 4,143 | ||
| Prepaid Expenses | 3 806 | 2994 | 3 806 | 2994 | |
| KzzR |
| Group | Group | Company | Company | ||
|---|---|---|---|---|---|
| 2021 | 2020 | 2021 | 2020 | ||
| Creditors and Accruals | 36,306 | 30,271 | 36,141 | 30,117 | |
| Amount due to |
|||||
| Bugsworth Navigation | Ltd | 367 | 367 | ||
| Income received in advance | 7 165 | 6271 | 7 165 | 6271 | |
| 43,471 | 36,909 | 43,306 | 36,755 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Loans &om Members repayable | between | 1 and 2 years | 5,000 | 13,000 |
| Loan &om Third Party repayable | between | 1 and 2 years | 1,119 | |
| Loan &om Members repayable between 2 |
and 5 years | 4,000 | 4,000 | |
| Loan &om Third Party repayable | between | 2 and 5 years | 58 | |
| Liability in respect ofLoaned Fixed Assets | 2 810 | 2 810 | ||
| ~1 |
| 2021 | 2020 | |
|---|---|---|
| f. | ||
| At start ofyear | 374,068 | 331,424 |
| Received from Funders | ||
| Transferred &om Restricted Funds |
8,750 | 53,939 |
| Released to Profit and Loss Account | (10,999) | (11,295) |
| At end ofyear | 371,819 | 374,068 |
| Storage | Hayfield | 10hp | Other | Total | |
|---|---|---|---|---|---|
| Building | Coach | Ruston | Funds | ||
| At start ofyear | 1,435 | 1,435 | |||
| Donations received | |||||
| during the year | 6,000 | 465 | 2,750 | 9,215 | |
| Transfer to Deferred | |||||
| Capital Grants | (6,000) | (2,750) | (8,750) | ||
| At end ofyear |
| Note | s (continued) | s (continued) | ||
|---|---|---|---|---|
| 10. | Profit and Loss Account - Group and Company | |||
| 2021 | 2020 | |||
| At start ofyear | 141,706 | 144,150 | ||
| (Loss)/Profit for year | 8,278 | (2,894) | ||
| Transfer &om Revaluation Account |
450 | 450 | ||
| At end ofyear | 150,434 | 141,706 | ||
| 11. | Revaluation Account - Group and Company |
|||
| 2021 | 2020 | |||
| K | ||||
| At start ofyear | 74,020 | 74,470 | ||
| Fixed Assets Donated | during the year | |||
| Fixed Assets Disposed | ofduring the year | |||
| Released to Profit and | Loss Account | (450) | (450) | |
| At end ofyear | ||||
| 12. | Capital Commitments | -Group and Company | ||
| 2021 | 2020 | |||
| Authorised and contracted |
||||
| Authorised, not contracted |
4,000 | 4,000 | ||
| 4,000 | 4,000 |
| Group | Group | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Income | |||||
| Shop Sales | 10,436 | 6,818 | |||
| Storage Charges to Members | 5,672 | 5,183 | |||
| Donations from Members |
4,426 | 2,929 | |||
| Other Donations | 5,010 | 8,652 | |||
| Gift Aid Refunds | 1/11 | 1,896 | |||
| Annual Subscriptions |
3,337 | 2,048 | |||
| Gala Receipts | |||||
| Santa Train Receipts | 7,656 | ||||
| Party Visits | 125 | 540 | |||
| Train Fares | 16,322 | 6,298 | |||
| NGRS Rent Receivable | 1,327 | 1,414 | |||
| Deferred Capital Grants Released | 10,999 | 11,295 | |||
| Total Income | 66,621 | 48,073 | |||
| Expenditure | |||||
| Cost ofShop Sales | 4,368 | 3,850 | |||
| Insurance | 2,778 | 2,814 | |||
| Rent and Electricity | 6,524 | 5,334 | |||
| Loco, Stock and Plant &;Permanent | Way Maintenance | 10,897 | 8,550 | ||
| Fuel | 2,149 | 1,218 | |||
| Transport | 750 | ||||
| Maintenance Reserve |
1,535 | 620 | |||
| Gala and Other Event Costs | 1,048 | ||||
| Santa Train Costs | 2,333 | ||||
| Membership Administration |
1,568 | 1,623 | |||
| Legal and Professional Fees | 682 | 670 | |||
| Marketing and Publicity |
3,226 | 4,041 | |||
| Administration and Miscellaneous |
952 | 1,316 | |||
| Bank and PayPal Charges | 1,213 | 880 | |||
| Depreciation ofBuildings | and Equipment | 19,368 | 19,003 | ||
| Total Expenditure | 58,343 | 50,967 | |||
| Surplus/(Deficit) foryear |
transferred | toReserves | S478 | (2,894) |