2020-12-31-accounts - West Lancashire Light Railway Trust

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		Page
Report ofthe Trustees	1	to	4
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet	7	to	8
Notes tothe Financial Statements	9 to		15

	31STDEC	EMBER2020
				2020	2019
		Unrestricted	Restricted	Total	Total
		funds	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets		88,536	265,876	354,412	343,697
CURRENT ASSETS
Stocks	10	8,392		8,392	5,120
Debtors	11	1,620		1,620	3,353
Cash atbank and in hand		35,391	26,828	62/19	60,916
		45,403	26,828	72,231	69,389
CREDITORS
Amounts falling due within one year	12	(16,380)		(16,380)	(1,380)
NET CURRENT ASSETS		29,023	26,828	55,851	68,009
TOTAL ASSETSLESSCURRENT
LIABILITIES		117,559	292,704	410463	411,706
CREDITORS
Amounts falling due after more than one year	13		(169,000)	(169,000)	(200,000)
NET ASSETS		117,559	123,704	241/63	211,706
FUNDS	15
Unrestricted funds:
General fund				29,023	22,395
Designated - fixed assets				88,536	77,821
				117,559	100,216
Restricted funds:
Restricted fund				123,704	111,490
TOTAL FUNDS				241463	211,706

2.	DONATIONS AND LE	GAC	IES
					2020	2019
	Donations				29,543	99,011
	Covid 19grant				10,000
					39,543	99,011
3.	INCOME FROM CHARITABLE ACTIVITIES
					2020	2019
			Activity
	Sales		Railway and education		25,617	55,538
	Subscriptions		Railway and education		6,186	4,160
					31,803	59,698
4.	CHAIUTABLE ACTIVITIES COSTS
					Support
				Direct	costs (see
				Costs	note 5)	Totals
	Railway and education			40,409	1,380	41,789
5.	SUPPORT COSTS
						Governance
						costs
	Railway and education					1,380
	Support costs, included in the		above, are as follows:
					2020	2019
					Railway
					and	Total
					education	activities
	Accountancy fees				1,380	1,380
6.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated after charging/(crediting):
					2020	2019
	Depreciation - owned assets				2,497	2,659

There were no trustees' expenses paid for the year ended 31st December 2 31stDecember 2019.	There were no trustees' expenses paid for the year ended 31st December 2 31stDecember 2019.	020 nor for the	year ende
COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES
	Unrestricted	Restricted	Total
	funds	fund	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies	7,515	91,496	99,011
Charitable activities
Railway and education	59,698		59,698
Total	67,213	91,496	158,709
EXPENDITURE ON
Charitable activities
Railway and education	49,566	208	49,774
NET INCOME	17,647	91/88	108,935
RECONCILIATION OFFUNDS
Total funds brought forward	82,569	20,202	102,771
TOTAL FUNDS CARIUED FORWARD	100/16	111,490	211,706

	FORTHE YEAR	ENDED 31STDECEM	BER2020
9.	TANGIBLE FIXEDASSETS
		Freehold	Hlstorlcal	Plant and
		property	assets	machinery	Totals
	COST
	At 1stJanuary 2020	275,447	17,735	72,279	365,461
	Additions	13,783			13,783
	Disposals			(571)	(571)
	At31stDecember 2020	289330	17,735	71,708	378,673
	DEPRECIATION
	At 1stJanuary 2020			21,764	21,764
	Charge foryear			2,497	2,497
	At31stDecember 2020			24,261	24/61
	NET BOOKVALUE
	At 31stDecember 2020	289430	17,735	47,447	354,412
	At 31stDecember 2019	275,447	17,735	50,515	343,697
10.	STOCKS
				2020	2019
				8,392	5,120
11.	DEBTORS:AMOUNTS FALLING DUE	WITHIN ONE YEAR
				2020	2019
	Trade debtors			1,620	3,353
12.	CREDITORS: AMOUNTS FALLING DUEWIIIN ONE YEAR
				2020	2019
	Bank loans and overdrafb (seenote 14)			15,000
	Accrued expenses			1,380	1,380
				16,3&0	1,380

				2020	2019
	Bank loans (seenote 14)			169,000	200,000
14.	LOANS
	An analysis ofthe maturity ofloans is given below:
				2020	2019
	Amounts falling due within one year on demand:
	Bank loans			15,000
	Amounts falling due between two and five years:
	Bank loans - 2-5years			69,000	100,000
	Amounts falling due in more than five years:
	Repayable otherwise than by instalments:
	Bank loans more 5yrs non-inst			100,000	100,000
15.	MOVEMENT IN FUNDS
			Net	Transfers
			movement	between	At
		At 1.120	in funds	funds	31.1220
	Unrestricted funds
	General fund	22,395	13,644	(7,016)	29,023
	Designated - fixed assets	77,821		10,715	88,536
		100@16	13,644	3,699	117,559
	Restricted funds
	Restricted fund	111,490	15,913	(3,699)	123,704
	TOTAL FUNDS	211,706	29,557		241,263
	Net movement in funds, included in the above are as	follows:
			Incoming	Resources	Movement
			resources	expended	in funds
	Unrestricted funds
	General fund		49,507	(35,863)	13,644
	Restricted funds
	Restricted fund		21,839	(5,926)	15,913
	TOTAL FUNDS		71,346	(41,789)	29,557