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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|
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||||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|
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||||||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.||||||||
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|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|
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|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|
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|||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|
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|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||
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|||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|
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||||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|
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||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||||||
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|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|
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|||||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)|