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2022-12-31-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

2022 2021 2021
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 16,155 16,360
I n t e r e s t received 342 −
R e n t received 96,465 90,516
G r o u n d r e n t a n d f e e s received 2,335 2,434
L e a s e extensions 26,200 19,500
C o m p e n s a t i o n f r o m bank 250 −
Wayleaf 176 175
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 910 900
142,833 129,885
C h a r i t a b l e Activities
S a l e o f scrap 780 1,960
S a l e o f artefacts 650 445
S a l e o f books 1,144 −
S a l e o f l o g s a n d tree 200 165
P r o f i t o n s a l e o f h e r i t a g e assets 50 −
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 1,168 850
S i t e v i s i t s b y e n t h u s i a s t groups 100 −
N a r r o w g a u g e r a i l w a y takings 1,617 2,238
M i n i a t u r e r a i l w a y takings 2,019 1,316
S t e a m e x p e r i e n c e d a y donations 165 360
S t e a m a p p r e n t i c e d a y donations 622 352
D o n a t i o n s i n m e m o r y o f C o l i n Glover − 471
C a s h d o n a t i o n s received 387 222
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 14,100 −
D o n a t i o n f r o m s u b s i d i a r y company 9,267 6,663
32,269 15,191
TOTAL INCOME 175,102 145,076
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 71,470 66,597
G o v e r n a n c e c o s t s 4 1,337 1,289
R a i s i n g f u n d s 3 25,293 25,071
TOTAL EXPENDITURE (98,100) (92,957)
NET
INCOME		 BEFORE OTHER G A I N S AND LOSSES 77,002 52,119
N e t
(		 l o s s e s ) / g a i n s o n i n v e s t m e n t assets (48,643) 165,317
NET
MOVEMENT		 I N FUNDS 28,359 217,436
T o t a l f u n d s a t 1 s t J a n u a r y
2022		 6,985,310 6,767,874
T o t a l f u n d s a t 3 1 s t D e c e m b e r 2022 £7,013,669 £6,985,310
2022 2021
Notes
F I X E D ASSETS
T a n g i b l e assets 7 1,331,484 1,315,153
H e r i t a g e assets 8 1,763,926 1,728,662
Investments 9 3,330,083 3,372,611
6,425,493 6,416,426
CURRENT ASSETS
Stock 10 10,009 9,363
Debtors 11 20,788 18,149
C a s h a t b a n k a n d i n hand 571,940 555,370
602,737 582,882
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 (14,561) (13,998)
NET
CURRENT		 A S S E T S 5 8 8 , 1 7 6 568,884
NET A S S E T S £ 7 , 0 1 3 , 6 6 9 £6,985,310
CHARITY FUNDS
U n r e s t r i c t e d F u n d s 1 3 £ 7 , 0 1 3 , 6 6 9 £6,985,310

2 0 2 2 2021
S i t e maintenance 16,401 17,481
E x h i b i t maintenance 15,867 11,720
C o a l f o r s t e a m exhibits 644 2,001
S i t e utilities 8,479 8,719
Rates 5,182 4,784
Insurance 8,573 8,447
A c c o u n t a n c y a n d secretarial 5,904 5,814
Subscriptions 112 108
Freight 3,444 108
T r a v e l a n d subsistence 80 521
Entertaining 164 −
S t a t i o n e r y a n d postage 94 155
S t e a m a p p r e n t i c e d a y expenses 50 47
V o l u n t e e r d a y expenses 217 141
W a s t e disposal 156 −
C o m p u t e r expenses 792 646
W e b s i t e , i n t e r n e t a n d publicity 1,209 2,462
B a n k charges 238 271
C o m p e n s a t i o n p a i d t o r e c t i f y damage 878 −
S t o c k o f b a d g e s w r i t t e n off 93
Depreciation 2,971 3,087
S u n d r y expenses 15 −
£71,470 £66,597
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 management expenses 8,090 6,313
I n v e s t m e n t p r o p e r t y expenses 6,821 8,296
L i s t e d i n v e s t m e n t s management fees 10,382 10,462
£25,293 £25,071

GOVERNANCE COSTS COSTS
2022 2021
I n d e p e n d e n t e x a m i n e r ' s
fee		 1,257 1,209
C o m p a n i e s H o u s e fee 40 40
I n f o r m a t i o n C o m m i s i o n e r ' s fee 40 40
£1,337 £1,289
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 25,293 25,071
25,293 25,071
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 71,470 66,597
E x p e n d i t u r e o n governance 1,337 1,289
£98,100 £92,957

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 2022 1,305,971 8 7 , 1 1 1 1,393,082
Additions 16,470 2 , 8 3 2 19,302
Disposals
A t 3 1 s t D e c e m b e r 2022 1,322,441 8 9 , 9 4 3 1,412,384
A c c u m u l a t e d depreciation:
A t 1 s t J a n u a r y 2022 − 7 7 , 9 2 9 77,929
C h a r g e f o r t h e year − 2 , 9 7 1 2,971
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 2022 8 0 , 9 0 0 80,900
N e t b o o k value:
A t 3 1 s t D e c e m b e r 2022 £1,322,441 £ 9 , 0 4 3 £1,331,484
A t 3 1 s t D e c e m b e r 2021 £1,305,971 £ 9 , 1 8 2 £1,315,153

Archive Heritage
material assets Total
C o s t o r valuation:
A t 1 s t J a n u a r y 2022 1,248 1,727,414 1,728,662
Additions 35,614 35,614
Disposals (350) (350)
A t 3 1 s t D e c e m b e r 2022 1,248 1,762,678 1,763,926
A c c u m u l a t e d depreciation:
A t 1 s t J a n u a r y 2022
C h a r g e f o r t h e year
E l i m i n a t e d o n disposals
At 3 1 s t December 2022
Net b o o k value:
At 3 1 s t December 2022 £1,248 £1,762,678 £1,763,926
At 3 1 s t December 2021 £1,248 £1,727,414 £1,728,662

Investment
i n I n v e s t m e n t Listed
subsidiary p r o p e r t i e s investment Total
f
C o s t
o r		 valuation:
A t 1 s t J a n u a r y 2022 1 5 1 2 , 4 4 0 , 0 0 0 932,460 3,372,611
Additions 6,115 6,115
I n c r e a s e / ( d e 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 8 5 , 0 0 0 (133,643) (48,643)
A t 3 1 s t D e c e m b e r 2022 1 5 1 2,525,000 804,932 3,330,083
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 2022
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 2022
N e t b o o k value
A t 3 1 s t D e c e m b e r 2022 £151€2,525,000 £804,932 £3,330,083
A t 3 1 s t D e c e m b e r 2021 £ 1 5 1 £2,440,000 £932,460 £3,372,611
UK Overseas 2021 2020
E
L i s t e d investments 432,795 372,137 804,932 932,460
I n v e s t m e n t properties 2,440,000 − 2,525,000 2,440,000
I n v e s t m e n t i n subsidiary 151 − 151 151
£2,957,942 £372,137 £3,330,083 £3,372,611

2022 2021
10. STOCK
Fuel 10,009 9,363
G o o d s f o r resale
£10,009 £9,363
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 16,804 12,496
O t h e r debtors − 2,339
P r e p a y m e n t s a n d a c c r u e d income 3,984 3,314
£20,788 £18,149
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 £14,561 £13,998
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
G e n e r a l Funds 6 , 9 8 5 , 3 1 0 1 7 5 , 1 0 2 ( 9 8 , 1 0 0 ) ( 4 8 , 6 4 3 ) 7,013,669