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||||||PAGE|
|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating
the director's|||report)|||
|Independent|auditor's
report to the members|||||
|Consolidated|Statement|offinancial activities (including||income and||
|expenditure|account)||||14|
|Consolidated|Statement|offinancial position|||16|
|Charitable
Company
Statement offinancial position|||||20|
|Consolidated|Statement|ofcash flows|||17|
|Notes to the|consolidated|financial
statements|||1g|
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||||||2020||2019|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
||||Note||f|||
|Income and endowments||||||||
|Donations
and legacies|||5|791,473|148|791,621|139,925|
|Charitable
activities|||6|521,785||521,785|1,298,372|
|Other trading activities|||7|178,549||178,549|520,486|
|Investment
income|||8|65,704||65,704|10,177|
|Total income||||1,557,511|148|1,557,659|1,968,960|
|Expenditure||||||||
|Expenditure
on raising funds:||||||||
|Costs ofother|trading|activities|9|264,495||264,495|360,760|
|Expenditure
on charitable||activities|10,11|1,113,930||1,113,930|1,697,114|
|Taxation|||13|229,377||229,377||
|Total expenditure||||1,607,802||1,607,802|2,057,874|
|Net expenditure
and net||movement|in|||||
|funds||||(50,291)|148|(50,143)|(88,914)|
|Reconciliation
offunds||||||||
|Total funds brought|forward|||4,677,745|5,544|4,683,289|4,772,203|
|Total funds carried|forward|||4,627,454|5,692|4,633,146|4,683,289|
##
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|||||2020||2019||
|---|---|---|---|---|---|---|---|
|||Note||||||
|FIXEDASSETS||||||||
|Intangible
assets||19||36,667||||
|Tangible fixed assets||20||4,348,243||4,204,778||
|||||4,384,910||4,204,778||
|CURRENT ASSETS||||||||
|Stocks||22|73,735||98,057|||
|Debtors||23|123,631||273,033|||
|Cash at bank and in hand|||654,281||469,403|||
||||851,647||840,493|||
|CREDITORS: amounts|falling due|||||||
|within
one year||24|206,384||251,324|||
|NKT CURRENT ASSETS||||645,263|||589,169|
|TOTAL ASSETSLESS|CURRENT|||||||
|LIABILITIES||||5,030,173||4,793,947||
|CREDITORS: amounts|falling due|||||||
|after more than one year||25||169,675|||110,658|
|PROVISIONS||28||227,352||||
|NKT ASSETS||||4,633,146||4,683,289||
|FUNDS OFTHE CHARITY||||||||
|Restricted funds||||5,692|||5,544|
|Unrestricted
funds||||4,627,454||4,677,745||
|Total charity funds||30||4,633,146||4,683,289||
##
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##
|||||2020||2019||
|---|---|---|---|---|---|---|---|
|||Note||||||
|FIXEDASSETS||||||||
|Tangible fixed assets||20||2,254,086|||921,358|
|Investments||21||1,857,183|||277,070|
|||||4,111,269||1,198,428||
|CURRENT ASSETS||||||||
|Debtors||23|286,520||2,881,719|||
|Cash at bank and in hand|||496,499||269,205|||
||||783,019||3,150,924|||
|CREDITORS: amounts|falling due|||||||
|within one year||24|29,605||32,678|||
|NKT CURRENT ASSETS||||753,414||3,118,246||
|TOTAL ASSETSLESS|CURRENT|||||||
|LIABILITIES||||4,864,683||4,316,674||
|NKT ASSETS||||4,864,683||4,316,674||
|FUNDS OF THK CHARITY||||||||
|Restricted funds||||5,692|||5 544|
|Unrestricted
funds||||4,858,831||4,311,129||
|Total charity funds||30||4,864,523||4,316,673||
##
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##
||||2020|2019|
|---|---|---|---|---|
|CASH FLOWS FROM OPERATING ACTIVITIES|||||
|Net expenditure|||(50,143)|(88,914)|
|Adjustments for:|||||
|Depreciation oftangible fixed assets|||191,497|176,050|
|Amortisation
ofintangible
assets|||3333||
|Other interest receivable
and similar||income|(6,374)|(10,177)|
|Taxation|||229)377||
|Accrued expenses/(income)|||138,816|(142,440)|
|Changes in:|||||
|Stocks|||24,322|22,460|
|Trade and other debtors|||149,402|(156,997)|
|Trade and other creditors|||(176,764)|12,204|
|Cash generated
from operations|||503,466|(187,814)|
|Interest received|||6,374|10,177|
|Net cash from/(used
in) operating|activities||509,840|(177,637)|
|CASH FLOWS FROM INVESTING ACTIVITIES|||||
|Purchase oftangible assets|||(334,962)|(77,441)|
|Purchase ofintangible
assets|||(40,000)||
|Net cash used in investing
activities|||(374,962)|(77,441)|
|CASH FLOWS FROM FINANCING ACTIVITIES|||||
|Proceeds from borrowings|||50,000||
|Net cash from financing
activities|||50,000||
|NKT INCREASE/(DECREASE)|IN CASH AND CASH||||
|EQUIVALENTS|||184,878|(255,078)|
|CASH AND CASH EQUIVALENTS AT BEGINNING OFYEAR|||469,403|724,481|
|CASH AND CASH EQUIVALENTS AT END OFYEAR|||654,281|469,403|
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|5.|DONATIONS|AND LEGACIES|||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2020|
||DONATIONS||||||
||Bequests and|donations||330,849|148|330,997|
||GIFTS||||||
||Membership|subscriptions||57,875||57,875|
||GRANTS||||||
||Grants receivable|||402,749||402&749|
|||||791,473|148|791,621|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2019|
||DONATIONS||||||
||Bequests and|donations||34,167|1,266|35,433|
||GIFTS||||||
||Membership|subscriptions||62,675||62,675|
||GRANTS||||||
||Grants receivable|||41,817||41,817|
|||||138,659|1„266|139,925|
|6.|CHARITABLE ACTIVITIES||||||
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds|2020|Funds|2019|
||Fares||131,917|131,917|549,936|549,936|
||Loco Hire||27,648|27,648|28,926|28,926|
||Special events income||362,220|362,220|719,510|719,510|
||||521,785|521,785|1,298,372|1,298,372|
##
##
##
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|
|||Funds|2020|Funds|2019|
|Catering income||82,938|82,938|222,950|222,950|
|Shop income||71,499|71,499|176,570|176,570|
|Parking||3,360|3,360|12,371|12,371|
|Filming fees||833|833|47,308|47,308|
|Adverts||213|213|726|726|
|Sundries||280|280|5,421|5,421|
|Apprentice|scheme|2,090|2,090|41,747|41,747|
|Scrap||13,581|13,581|9,376|9,376|
|Photo permits||3,755|3,755|4,017|4,017|
|||178,549|178,549|520,486|520,486|
|8.|INVESTMKNT INCOME|||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2020|Funds|2019|
|||6||||
||Bank interest receivable|3,008|3,008|7,391|7,391|
||Rent receivable|62,696|62,696|2,786|2,786|
|||65,704|65,704|10,177|10,177|
|9.|COSTSOF OTHER TRADING|ACTIVITIES||||
||Unrestricted|Total Funds|Unrestricted|Total Fund|
|---|---|---|---|---|
||Funds|2020|Funds|2019|
||||f.||
|Retail - purchases|50,370|50,370|131,665|131,665|
|Retail - wages|4,798|4,798|6,914|6,914|
|Catering —purchases|43,283|43,283|112,718|112,718|
|Catering - wages|134,665|134,665|82,839|82,839|
|Catering- overheads|31,379|31,379|26,624|26,624|
||264,495|264,495|360,760|360,760|
##
##
##
|EXPENDITURE ON CHARITA|BLE ACTIVITIES BYFUND TY|PE||
|---|---|---|---|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2020|
|Train services|402,568||402,568|
|Support costs|711,362||711,362|
||1,113,930||1,113,930|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2019|
|Train services|804,487|29,287|833,774|
|Support costs|863,340||863,340|
||1,667,827|29,287|1,697,114|
##
|EXPENDIT|URE ON CHARI|TABLE ACTIVITIE|S BYACTIVI|TY TYPE||
|---|---|---|---|---|---|
|||Activities||||
|||undertaken||Total funds|Total fund|
|||directly|Support costs|2020|2019|
|Train services||402,568|395,845|798,413|1,478,110|
|Shop|||21,713|21,713|46,770|
|Catering|||21,713|21,713|57,163|
|Fundraising|activities||176,096|176,096|63,846|
|Other activities|||84,835|84,835|40,447|
|Governance|costs||11,160|11,160|10,778|
|||402,568|711,362|1,113t930|1,697,114|
||||||CO
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##
##
##
|13.|TAXATION||||||||
|---|---|---|---|---|---|---|---|---|
||Major components
oftax||expense||||||
||||||||2020|2019|
||Current tax:||||||||
||UK current tax expense||||||2,025||
||Deferred tax:||||||||
||Origination
and reversal|oftiming differences|||||227,352||
||Taxation||||||229,377||
|14.|NKT EXPENDITURE||||||||
||Net expenditure
is stated|atter charging/(crediting):|||||||
||||||||2020|2019|
||Amortisation
ofintangible||assets||||3j333||
||Depreciation oftangible|fixed assets|||||191,497|176,050|
|15.|AUDITORS REMUNERATION||||||||
||||||||2020|2019|
||Fees payable for the audit ofthe consolidated|||financial|statements||4,000|4,000|
||Fees payable to the charity's||auditor and its associates||for other services:||||
||Audit ofthe financial
statements ofthe subsidiary||||||5,600|5,500|
|16.|STAFF COSTS||||||||
||The total staff costs and|employee
benefits for||the reporting||period are analysed
as||follows:|
||||||||2020|2019|
||Wages and salaries||||||394,815|452,689|
||Social security costs||||||27 722|26,491|
||Employer
contributions|to|pension plans||||9,203|8,999|
||||||||431,740|488,179|
##
##
##
##
|The average head||count ofemployees|count ofemployees|during|the year was|34 (2019:40).The|average|number|of|
|---|---|---|---|---|---|---|---|---|---|
|full-time
equivalent||employees|during|the year is analysed||as follows:||||
|||||||2020||2019||
|||||||No.||No.||
|Administration|||||||7||8|
|Loco department|||||||2||3|
|Loco department|apprentices||||||||3|
|Shop and catering|||||||||4|
|Summer
seasonal||staff|||||||2|
||||||||17||20|
##
##
||||Unrestricted|Restricted|Total funds|
|---|---|---|---|---|---|
||||funds|funds|2020|
|Donations|and grants received||604,308|148|604,456|
|Membership
and other income|||4,327||4,327|
||||608,635|148|608,783|
|Costs ofgenerating
voluntary||income|15,211||15,211|
|Governance|costs||4,048||4,048|
|Support costs|||41,674||41,674|
||||60,933||60,933|
|Net movement
in funds|||547,702|148|547,850|
|Total funds|Brought forward||4,311,129|5,544|4,316,673|
|Total funds|carried forward||4,858,831|5,692|4,864,523|
##
##
##
|18. FINANCIAL PERFOR|MANCE OF THE C|HARITY
(eonrinned)|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total funds|
|||funds|funds|2019|
|Donations
and grants received||97,852|890|98,742|
|Membership
and other income||27,356|377|27,733|
|||125,208|1,267|126,475|
|Costs ofgenerating
voluntary|income|26,923||26,923|
|Governance
costs||5,098||5,098|
|Support costs||44,489||44,489|
|Donations||175,626|29,288|204,914|
|||252,136|29,288|281,424|
|Net movement
in funds||(126,928)|(28,021)|(154„949)|
|Total funds Brought forward||4,438,057|33,565|4,471,622|
|Total funds carried forward||4,311,129|5,544|4,316,673|
|19. INTANGIBLE ASSETS|||||
|||||Goodwill|
|Cost|||||
|Additions|||||
|Acquisitions
through
business combinations||||40,000|
|At 31December 2020||||40)000|
|Amortisation|||||
|Charge for the year||||3333|
|At 31December 2020||||3.333|
|Carrying
amount|||||
|At 31December 2020||||36,667|
|At 31 December 2019|||||
##
##
##
|||Long||Locomotives||
|---|---|---|---|---|---|
||Freehold|leasehold|Fixtures|tk rolling||
||properly|property|&it tittings|stock|Total|
||||||g|
|Cost||||||
|At
1 Januaiy 2020|1,742,746|42,509|506,485|2,811,834|5,103,574|
|Additions|135,667|33,808|73,806|91,681|334,962|
|At 31December 2020|1,878,413|76,317|580,291|2,903,515|5,438,536|
|Depreciation||||||
|At
1 January 2020|21,784|22,860|376,548|477,604|898,796|
|Charge for the year|22 327|3,669|40,282|125,219|191,497|
|At 31December 2020|44,111|26,529|416,830|602,823|1&090,293|
|Carrying
amount||||||
|At 31December 2020|1,834,302|49,788|163,461|2,300,692|4,348&243|
|At 31 December 2019|1,720,962|19,649|129,937|2,334,230|4,204,778|
|||||2020|2019|
|||||g||
|Leasehold
land and buildings|comprise of|||||
|Keighley Station - cost||||42,509|42,509|
|Cafe Choux Choux - cost||||33,808||
|Amortisation
to date||||(26,529)|(22,860)|
|||||49,788|19,649|
##
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##
##
|||Long||Locomotives||
|---|---|---|---|---|---|
||Freehold|leasehold|Fixtures|& rolling||
||property|properly|&fittings|stock|Total|
|||g||||
|Cost||||||
|At 1 January 2020|770,889|||196,287|967,176|
|Additions|79,814|1,412|87,009|1,196,654|1,364,889|
||850,703|1,412|87,009|1,392,941|2,332,065|
|Depreciation||||||
|At 1 January 2020|12,818|||33,000|45,818|
|Charge for the year|14,474|36|10,428|7,223|32,161|
||27,292|36|10,428|40,223|77,979|
|At 31 December 2020|823,411|1„376|76,581|1,352,718|2,254,086|
|At 31 December 2019|758,071|||163,287|921,358|
##
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|21.|INVESTMENT|EN|TITIES|rcoaa'aaed)|||
|---|---|---|---|---|---|---|
||||||2020|2019|
||Summary oftrading||results||||
||Turnover||||696,064|1,812,633|
||Total expenditure||||(1,317,497)|(2,003,505)|
||Other operating|income|||269,756|70,396|
||Other income||||3,008|7,391|
||Taxation||||(229,377)||
||Loss for the year||||(578,046)|(113,085)|
||Assets||||2,207,286|3,609,132|
||Liabilities||||(984,764)|(3,388,677)|
||Summary ofassets and liabilities||||1,222,522|220„455|
|22.|STOCKS||||||
||||||2020|2019|
||||||g|f.|
||Retail shop stock||||73,735|98,057|
|23.|DEBTORS||||||
||||||2020|2019|
||Trade debtors||||39,853|31,291|
||Prepayments
and|accrued income|||49,145|207,015|
||Other debtors||||34,633|34,727|
||||||123,631|273,033|
||Charitable
company||||||
||||||2020|2019|
||Trade debtors||||32,497|147|
||Amounts
owed by subsidiary|||undertaking|251,784|2,880,253|
||VAT||||2,239|1,319|
||||||286,520|2,881,719|
##
##
##
##
##
##
|24.|CREDITORS:|amou|nts|falling due within
one year|||
|---|---|---|---|---|---|---|
||||||2020|2019|
||Bank loans and|overdrafts|||5,833||
||Trade creditors||||74,587|148,788|
||Accruals and deferred||income||61,834|95,738|
||Corporation
tax||||2,025||
||Social security|and other||taxes|10,602|6,798|
||Sundry creditors||||51,503||
||||||206,384|251,324|
||Charitable
company||||||
||||||2020|2019|
||Trade creditors||||4,864|7,493|
||Accrual and deferred||income||24,741|25,185|
||||||29,605|32,678|
|25.|CREDITORS:|amounts||falling due after more than one year|||
||||||2020|2019|
||Bank loans and|overdratts|||44,167||
||Accruals and deferred||income||125,508|110,658|
||||||169,675|110,658|
##
|DEFERRED INCOME|||
|---|---|---|
||2020|2019|
|At
1 January 2020|172,291|215,048|
|Amount
released to income|(172,291)|(215,048)|
|Amount
deferred in year|161,150|172,291|
|At 31December 2020|161,150|172,291|
##
##
##
##
##
|funds received
ollows:|in advance
which
all relate to monies
in|advance
for the 2021 financ|ial
year as|
|---|---|---|---|
|||2020|2019|
|Subscriptions|paid in advance|20,741|21,185|
|Deposits for|events received in advance||26,148|
|Grant income|received in advance|140,409|124,958|
|||161,150|172,291|
##
|27.|DEFERRE|D TAX||||||
|---|---|---|---|---|---|---|---|
||The deferred|tax included|in the statement offinancial|position|is as follows:|||
|||||||2020|2019|
||Included
in|provisions
(note 28)||||227,352||
||The deferred|tax account|consists ofthe tax effect oftiming differences|||in respect of:||
|||||||2020|2019|
||Accelerated|capital allowances||||227,352||
|28.|PROVISIONS|||||||
|PROVISIONS||
|---|---|
||Deferred tax|
||(note 27)|
||g|
|At 1 January 2020||
|Additions|227,352|
|At 31December 2020|227,352|
##
##
##
##
##
|Group||||||
|---|---|---|---|---|---|
|Unrestricted
funds||||||
|||I Jan 2020|Income|Expenditure|31Dec2020|
||||||8|
|General funds||4,677,745|1,557,511|(1,607,802)|4,627,454|
|||I Jan 2019|Income|Expenditure|31Dec 2019|
|General funds||4,738,638|1,967,694|(2,028,587)|4,677,745|
|Charitable
company||||||
|||I Jan 2020|Income|Expenditure|31Dec 2020|
|General funds||4,311,129|608,635|(60,933)|4,858,831|
|||I Jan 2019|Income|Expenditure|31IJec2019|
|General funds||4,438,057|125,208|(252,136)|4,311,129|
|Restricted funds||||||
|Group and charitable|company|||||
|||I Jan 2020|Income|Expenditure|31Dec2020|
||||||b|
|41241 Ivatt||5,105|148||5,253|
|Engine 43924||439|||439|
|Co-op Playground||||||
|||5,544|148||5,692|
|||I Jan 2019|Income|Expenditure|31 Dec 2019|
|41241 Ivatt||30,964|1,253|(27,112)|5, 105|
|Engine 43924||439|||439|
|Co-op Playground||2,162|13|(2,175)||
|||33,565|1,266|(29,287)|5,544|
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||||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|---|
||||||Funds|Funds|2020|
||Intangible|assets|||36,667||36,667|
||Tangible fixed assets||||4,348,243||4,348,243|
||Current
assets||||845,955|5,692|851,647|
||Creditors|less than|1 year||(206,384)||(206,384)|
||Creditors|greater than||1year|(169,675)||(169,675)|
||Provisions||||(227,352)||(227,352)|
||Net assets||||4,627,454|5,692|4,633,146|
||||||Unrestricted|Restricted|Total Funds|
||||||Funds|Funds|2019|
||Intangible|assets||||||
||Tangible fixed assets||||4,204,778||4,204,778|
||Current assets||||834,949|5,544|840,493|
||Creditors|less than|1year||(251,324)||(251,324)|
||Creditors|greater than||1 year|(110,658)||(110,658)|
||Provisions|||||||
||Net assets||||4,677,745|5,544|4,683,289|
|32.|ANALYSIS OF CHANGES IN NKT DKBT|||||||
|ANA|LYSIS OF CHANGES IN NKT D|KBT|||
|---|---|---|---|---|
|||At||At|
|||1 Jan 2020|Cash flows|31Dec 2020|
|||||g|
|Cash|at bank and in hand|469,403|184,878|654,281|
|Debt|due within one year||(5,833)|(5,833)|
|Debt|due after one year||(44,167)|(44,167)|
|||469,403|134,878|604,281|
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|The total future|minimum|lease payments|under non-cancellable|operating|leases are as follows:|leases are as follows:|
|---|---|---|---|---|---|---|
||||||2020|2019|
|Not later than|1 year||||24,762|2,920|
|Later than
1 year and not||later than 5years|||92,723|8,273|
|Later than 5 years|||||96,750||
||||||214,235|11,193|
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