|||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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2020|2019| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||funds|fund|funds|funds| ||Notes||||| |INCOME AND ENDOWMENTS FROM|||||| |Donations and legacies||17,704|21,839|39,543|99,011| |Charitable
activities|||||| |Railway and education||31,803||31,803|59,698| |Total||49,507|21,839|71,346|158,709| |EXPENDITURE ON|||||| |Charitable
activities|||||| |Railway and education||35,863|5,926|41,789|49,774| |NET INCOME||13,644|15,913|29,557|108,935| |Transfers between
funds|15|3,699|(3,699)||| |Net movement
in funds||17,343|12@14|29,557|108,935| |RECONCILIATION OFFUNDS|||||| |Total funds brought forward||100@16|111,490|211,706|102,771| |TOTAL FUNDS CARRIED FORWARD||117,559|123,704|241,263|211,706| ## ## ||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| ## ## ## ||||Net|Transfers|| |---|---|---|---|---|---| ||||movement|between|At| ||||in funds|funds|31.12.19| |Unrestricted|funds||||| |General fund||11,764|8,077|2,554|22,395| |Designated -|fixed assets|70,805|9,570|(2,554)|77,821| |||82,569|17,647||100@16| |Restricted funds|||||| |Restricted fund||20,202|91,288||111,490| |TOTAL FUNDS||102,771|108,935||211,706| |||Incoming|Resources|Movement| |---|---|---|---|---| |||resources|expended|in funds| |Unrestricted|funds|||| |General fund||67+13|(59,136)|8,077| |Designated -|fixed assets||9,570|9,570| |||67,213|(49,566)|17,647| |Restricted funds||||| |Restricted fund||91,496|(208)|91,288| |TOTAL FUNDS||158,709|(49,774)|108,935| ||||Net|Transfers|| |---|---|---|---|---|---| ||||movement|between|At| |||At 1.1.19|in funds|funds|31.12.20| |Unrestricted|funds||||| |General fund||11,764|21,721|(4,462)|29,023| |Designated -|fixed assets|70,805|9,570|8,161|88,536| |||82,569|31/91|3,699|117,559| |Restricted funds|||||| |Restricted fund||20,202|107,201|(3,699)|123,704| |TOTAL FUNDS||102,771|138,492||241463| ## ## ## |||Incoming|Resources|Movement| |---|---|---|---|---| |||resources|expended|in funds| |Unrestricted|funds|||| |General fund||116,720|(94,999)|21,721| |Designated -|fixed assets||9,570|9,570| |||116,720|(85,429)|31@91| |Restricted funds||||| |Restricted fund||113,335|(6,134)|107,201| |TOTAL FUNDS||230,055|(91,563)|138,492| ## ##