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2020-12-31-accounts

Contents Page Page
R e f e r e n c e a n d a d m i n i s t r a t i v e d e t a i l s o f t h e charity,
i t s t r u s t e e s a n d
advisers		 2
R e p o r t o f t h e Trustees 3 − 6
S t a t e m e n t o f T r u s t e e s ' Responsibilities 7
I n d e p e n d e n t E x a m i n e r ' s Report 8 − 9
S t a t e m e n t o f F i n a n c i a l Activities 10
B a l a n c e Sheet 11
N o t e s t o t h e F i n a n c i a l Statements 12 − 19
REFERENCE REFERENCE REFERENCE AND ADMINISTRATIVE D E T A I L AND ADMINISTRATIVE D E T A I L AND ADMINISTRATIVE D E T A I L AND ADMINISTRATIVE D E T A I L AND ADMINISTRATIVE D E T A I L AND ADMINISTRATIVE D E T A I L AND ADMINISTRATIVE D E T A I L AND ADMINISTRATIVE D E T A I L AND ADMINISTRATIVE D E T A I L S O F
THE		 O F
THE		 CHARITY, I T S TRUSTEES AND ADVISERS
f o r t h e y e a r ended
3 1 s t DECEMBER 2020
C o m p a n y n u m b e r 04620481
C h a r i t y n u m b e r 1107337
T r u s t e e s Z
T		 Daly
B
J		 F l o y d ( a p p o i n t e d 30/11/20)
P
J		 Greinig
P
Haining
J
J		 Hatfield
M J L e m o n ( a p p o i n t e d 30/11/20)
K G M e a y e r s ( r e s i g n e d 22/3/21)
G S O s b o r n e ( a p p o i n t e d 30/11/20)
C N Rogers
A
P		 Vaughan
S e c r e t a r y P
Haining
R e g i s t e r e d O f f i c e H o r n s
Lodge,
M e r e s
Lane,
Cross−in−Hand,
Heathfield,
E a s t Sussex,
T N 2 1 OTY.
Bankers B a r c l a y s B a n k PLC,
7 3 / 7 5
C a l		 v e r l e y Road,
T u n b r i d g e Wells,
Kent,
TN1 2UZ.
Solicitors T
G		 Baynes,
B r o a d w a y House,
2 0 8 Broadway,
Bexleyheath,
Kent,
DA6 7BG.
Independent
E x a m i n e r J a m e s
Duggan,
S i m m o n s
G		 a i n s f o r d LLP,
5 2
N		 e w Town,
Uckfield,
E a s t Sussex,
T N 2 2 5DE.

2020 2020 2019 2019
U n r e s t r i c t e d funds T o t a l funds
Notes
INCOME FROM
Investments
D i v i d e n d s received 13,664 15,590
I n t e r e s t received 98 10
R e n t received 89,983 88,235
G r o u n d r e n t a n d f e e s received 3,058 2,488
L e a s e extensions 8,600 10,960
Grazing 80
Wayleaf 175 170
R e c h a r g e o f a c c o u n t a n c y a n d secretarial
c o s t s t o subsidiary 700 900
116,358 118,353
C h a r i t a b l e Activities
G o v e r n m e n t grant 25,000
S a l e o f artefacts 80 195
S a l e o f logs 190
E x h i b i t i n c o m e : a t t e n d a n c e a t events 75 4,228
S i t e v i s i t s b y e n t h u s i a s t groups 464
N a r r o w g a u g e r a i l w a y
takings		 1,131
M i n i a t u r e r a i l w a y takings 2,279
S t e a m e x p e r i e n c e donations 200
C o n t r i b u t i o n t o s t e a m a p p r e n t i c e d a y costs 360 429
C o n t r i b u t i o n t o s i t e
services		 160
C a s h d o n a t i o n s received 201 1,277
H e r i t a g e a s s e t s d o n a t e d t o t r u s t at
e s t i m a t e d m a r k e t value 250
D o n a t i o n f r o m s u b s i d i a r y company 3,059 5,544
29,125 15,997
TOTAL INCOME 145,483 134,350
EXPENDITURE ON
D i r e c t c h a r i t a b l e e x p e n d i t u r e 2 63,559 77,164
G o v e r n a n c e c o s t s 4 1,180 1,138
R a i s i n g f u n d s 3 24,476 32,291
TOTAL EXPENDITURE (89,215) (110,593)
N E T
INCOME		 BEFORE OTHER
GAINS		 AND LOSSES 56,268 23,757
N e t
g		 a i n s o n i n v e s t m e n t assets 184,236 115,689
N E T
MOVEMENT		 I N FUNDS 240,504 139,446
T o t a l f u n d s a t 1 s t J a n u a r y 2020 6,527,370 6,387,924
T o t a l f u n d s a t 3 1 s t D e c e m b e r 2020 £6,767,874 £6,527,370

2020 2019
Notes
F I X E D ASSETS
T a n g i b l e assets 7 1,309,844 1,305,883
H e r i t a g e assets 8 1,712,789 1,695,967
Investments 9 3,201,397 3,012,805
6,224,030 6,014,655
CURRENT ASSETS
Stock 10 918 803
Debtors 11 16,154 18,717
C a s h
a t		 b a n k a n d i n hand 543,263 505,373
560,335 524,893
C R E D I T O R S : a m o u n t s
falling
d u e
w i		 t h i n o n e year 12 (16,491) (12,178)
N E T
CURRENT		 ASSETS 543,844 512,715
N E T ASSETS £6,767,874 £6,527,370
CHARITY FUNDS
U n r e s t r i c t e d Funds 13 £6,767,874 £6,527,370

2020 2019
S i t e maintenance 8,546 20,310
E x h i b i t maintenance 19,811 18,321
C o a l f o r s t e a m exhibits 1,525 2,462
S i t e utilities 6,992 4,182
Rates 4,489 7,506
Insurance 9,098 10,537
A c c o u n t a n c y a n d secretarial 5,784 5,772
Subscriptions 108 104
Freight 326 −
T r a v e l a n d subsistence 445 384
Entertaining 230 119
S t a t i o n e r y a n d postage 105 151
S t e a m
a		 p p r e n t i c e d a y
expenses		 − 66
V o l u n t e e r d a y
expenses		 − 261
W a s t e
disposal		 240 120
W e b s i t e , I n t e r n e t a n d publicity 2,819 33
F i r s t
a		 i d equipment − 2,001
B a n k charges 148 240
Depreciation 2,893 3,770
B a d debts − 825
£63,559 £77,164
3 COST
O		 F
R		 A I S I N G
FUNDS
I n v e s t m e n t p r o p e r t y m a n a g e m e n t expenses 6,304 6,099
I n v e s t m e n t p r o p e r t y expenses 8,766 17,143
L i s t e d i n v e s t m e n t s m a n a g e m e n t fees 9,406 9,049
£24,476 £32,291

2020 2019
I n d e p e n d e n t e x a m i n e r ' s fee 1,140 1,098
C o m p a n i e s H o u s e fee 40 40
£1,180 £1,138
5 A N A L Y S I S O F RESOURCES EXPENDED BY EXPENDITURE TYPE
E x p e n d i t u r e o n i n v e s t m e n t management 24,476 32,291
24,476 32,291
C o s t s o f g e n e r a t i n g funds:
E x p e n d i t u r e o n c h a r i t a b l e activities 63,559 77,164
E x p e n d i t u r e o n governance 1,180 1,138
£89,215 £110,593

L a n d &
buildings E q u i p m e n t Total
C o s t o r valuation:
A t 1 s t J a n u a r y
2020		 1,294,584 8 3 , 2 4 8 1,377,832
Additions 5,715 1 , 1 3 9 6,854
Disposals
A t 3 1 s t D e c e m b e r 2020 1,300,299 8 4 , 3 8 7 1,384,686
A c c u m u l a t e d depreciation:
A t 1 s t J a n u a r y
2020		 7 1 , 9 4 9 71,949
C h a r g e f o r t h e
year		 2 , 8 9 3 2,893
E l i m i n a t e d o n disposals
A t 3 1 s t D e c e m b e r 2020 7 4 , 8 4 2 74,842
N e t b o o k value:
A t 3 1 s t D e c e m b e r 2020 £1,300,299 £ 9 , 5 4 5 £1,309,844
A t 3 1 s t D e c e m b e r 2019 £1,294,584 £ 1 1 , 2 9 9 £1,305,883

Investment
i n I n v e s t m e n t Listed
s u b s i d i a r y p r o p e r t i e s investment Total
C o s t o r valuation:
A t 1 s t J a n u a r y 2020 151 2,201,220 811,434 3,012,805
Additions 4,356 4,356
I n c r e a s e i n m a r k e t
value
r e c o g n i s e d i n accounts 137,280 46,956 184,236
A t 3 1 s t D e c e m b e r 2020 151 2,338,500 862,746 3,201,397
P r o v i s i o n f o r d i m i n u t i o n i n value:
A t 1 s t J a n u a r y 2020
E l i m i n a t e d i n year
A t 3 1 s t D e c e m b e r 2020
N e t b o o k value
A t 3 1 s t D e c e m b e r 2020 £151 £2,338,500 £862,746 £3,201,397
A t 3 1 s t D e c e m b e r 2019 £151 £2,201,220 £811,434 £3,012,805
UK Overseas 2020 2019
L i s t e d investments 484,532 378,214 862,746 811,434
I n v e s t m e n t properties 2,338,500 − 2,338,500 2,201,220
I n v e s t m e n t i n subsidiray 151 151 151

2020 2020 2019 2019
10. STOCK
Fuel 825 710
G o o d s f o r resale 93 93
£918 £803
11. DEBTORS
A m o u n t d u e f r o m s u b s i d i a r y undertaking 12,173 12,369
O t h e r debtors 418 1,005
P r e p a y m e n t s a n d a c c r u e d income 3,563 5,343
£16,154 £18,717
12. C R E D I T O R S : a m o u n t s f a l l i n g
d		 u e w i t h i n o n e year
O t h e r c r e d i t o r s a n d accruals £16,491 £12,178
1 3 . STATEMENT O F FUNDS
S u m m a r y o f f u n d s ( a l l unrestricted)
B r o u g h t G a i n s / Carried
f o r w a r d I n c o m e E x p e n d i t u r e ( l o s s e s ) forward
f E E f f
G e n e r a l Funds 6 , 5 2 7 , 3 7 0 1 4 5 , 4 8 3 ( 8 9 , 2 1 5 ) 1 8 4 , 2 3 6 6,767,874