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|||||||||PAGE|
|---|---|---|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating||||the director's||report)|||
|Independent|auditor's
report to the||members|||||10|
|Consolidated|Statement|offinancial||activities (including|||income and||
|expenditure|account)|||||||15|
|Consolidated|Statement|offinancial||position||||16|
|Charitable
Company
Statement offinancial|||||position|||17|
|Statement ofcash flows||||||||18|
|Notes to the|consolidated|financial|statements|||||19|
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||||||2021||2020|
|---|---|---|---|---|---|---|---|
|||||Unrcstricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
||||Note|||||
|Income and endowments||||||||
|Donations
and legacies|||5|802,881||802,881|791,62l|
|Charitable
activities|||6|96(,074||961,074|521,785|
|Other trading activities|||7|468,861||468,861|178,549|
|investment
inconie|||8|4„630||4,630|65,704|
|Total income||||2,237,446||2,237,446|1,557,659|
|Expenditure||||||||
|Expenditure
on raising funds:||||||||
|Costs ofother|trading|activities|9|263,506||263,506|264,495|
|Expenditure
on charitable||activities|10,11|l,623,798||1,623,798|1,113,930|
|Taxation|||13|(19,873)||(19,873)|229,377|
|Total expenditure||||1,867,43 I||1,867,431|1,607,802|
|Net income/(expenditure)||and net||||||
|niovement
in funds||||370,015||370,015|(50,143)|
|Reconciliation
offunds||||||||
|Total funds brought|fonvard|||4,627,454|5,692|4,633,146|4,683,289|
|Total funds carried|forward|||4,997,469|5,692|5,003,161|4,633,146|
##
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##
|||||2021||2020|
|---|---|---|---|---|---|---|
|||Note|||||
|FIXEDASSETS|||||||
|Intangible
assets||19||||36,667|
|Tangible fixed assets||20||4,201,838||4,348,243|
|||||4,201,838||4,384,910|
|CURRENT ASSETS|||||||
|Stocks||22|48,123||73,735||
|Debtors||23|73,465||123,631||
|Cash at bank and in hand|||1,264,198||654,281||
||||1,385,786||851,647||
|CREDITORS: amounts|falling due||||||
|within
one year||24|193,249||206,384||
|NET CURRENT ASSETS||||1,192,537||645,263|
|TOTAL ASSETS LESS|CURRENT||||||
|LIABILITIES||||5,394,375||5,030,173|
|CREDITORS: amounts|falling due||||||
|after more than one year||25||181,710||169,675|
|PROVISIONS||||209,504||227,352|
|NET ASSETS||||5,003,161||4,633,146|
|FUNDS OFTHE CHARITY|||||||
|Restricted
funds||||5,692||5,692|
|Unrestricted
funds||||4,997,469||4,627,454|
|Total charity funds||30||5,003,161||4,633,146|
##
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
|||Note||||||
|FIXEDASSETS||||||||
|Tangible fixed assets||20||2,189,290||2,254,086||
|Investments||21||1,857,183||1,857,183||
|||||4,064,473||4,|]11,269|
|CURRENT ASSETS||||||||
|Debtors||23|700,242||286,520|||
|Cash at bank and in hand|||780,773||496,469|||
||||1,481,015||783,019|||
|CREDITORS: amounts|falling due|||||||
|within
one year||24|41,629||29,605|||
|NET CURRENT ASSETS||||1,493,386|||752,414|
|TOTAL ASSETSLESS|CURRENT|||||||
|LIABILITIES||||5,485,859||4,864,683||
|NET ASSETS||||5,485,859||4,864,683||
|FUNDS OFTHE CHARITY||||||||
|Restricted funds||||5,692|||5,692|
|Unrestricted
iimds||||5,480,167||4,858,831||
|Total charity funds||30||5,485,859||4,864,683||
##
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##
|||||2021|2020|
|---|---|---|---|---|---|
|||||8||
|CASH FLOWS FROM|OPERATING||ACTIVITIES|||
|Net income j(expenditure)||||370,015|(50, 143'1|
|Adj»stme»ts for:||||||
|Depreciation oftangible|fixed assets|||215,060|191,497|
|Impairment
oftangible
fixed assets||||121,462||
|Amortisation
ofintangible
assets|||||3,333|
|Impairment
ofintangible|assets|||36,667||
|Other interest receivable|and similar income|||(4,630)|(6,374)|
|Taxation||||(19,873)|229,377|
|Accrued expenses||||6,267|138,816|
|Chn»ges iit:||||||
|Stocks||||25,612|24,322|
|Trade and other debtors||||50,166|149,402|
|Trade and other creditors||||44,658|(176,764)|
|Cash generated
from operations||||845,404|503,466|
|Interest received||||4,630|6,374|
|Net cash fiom operating|activities|||850,034|509,840|
|CASH FLOWS FROM|INVESTING||ACTIVITIES|||
|Purchase oftangible
assets||||(190,117)|(334,962)|
|Purchase ofintangible
assets|||||(4o,ooo)|
|Net cash used in investing|activities|||(190,117)|(374,962)|
|CASH FLOWS FROM|FINANCING||ACTIVITIES|||
|Proceeds from borrowings||||(50,000)|50,000|
|Net cash (used in)/from
financing||activities||(50,000)|50,000|
|NET INCREASE IN CASH AND CASH EQUIVALENTS||||609,917|184,878|
|CASH AND CASH EQUIVALENTS|||AT BEGINNING OF YEAR|654,281|469,403|
|CASH AND CASH EQUIVALENTS|||AT END OF YEAR|1,264,198|654,281|
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|5.|DONATIONS|AND LEGACIES||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2021|
||DONATIONS|||||
||Bequests and|donations|190,603||190,603|
||GIFTS|||||
||Membership|subscripttons|54,335||54,335|
||GRANTS|||||
||Grants receivable||557,943||557,943|
||||802,881||802,881|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2020|
||||||f|
||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|
|6.|CIIARITABLE ACTIVITIES|||||
|CIIARITABLE ACTIVITIES|||||
|---|---|---|---|---|
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds|2021|Funds|2020|
|||g|||
|Fares|498,278|498,278|131,917|131,917|
|Loco Hire|||27,648|27,648|
|Special events income|462,796|462,796|362,220|362,220|
||961,074|961,074|521,785|521,785|
##
##
##
##
|||Umestricted|Total Funds|Unrestncted|Total Funds|
|---|---|---|---|---|---|
|||Funds|2021|Ftlllrls|2020|
|Catering income||166,602|166,602|82„938|82,938|
|Shop income||121,129|121,129|71,499|71,499|
|Parking||||3,360|3,360|
|Filming fees||151,408|151,408|833|833|
|Adverts||||213|213|
|Sundries||7, 163|7,163|280|280|
|Photo permits||||3,755|3,755|
|Apprentice|scheme|||2,090|2,090|
|Scrap||22,559|22,559|13,581|13,581|
|||468,861|468,861|178,549|178,549|
##
|NVE|STMENT INCOME|||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|202]|Funds|2020|
|Bank|interest receivable|2,297|2,297|3 008|3 008|
|Rent|receivable|2,333|2 333|62,696|62,696|
|||4,630|4,630|65,704|65,704|
##
||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds|2021|Funds|2020|
|||g|6||
|Shop|77,601|77,601|55,190|55,190|
|Catering|185,905|185,905|209,305|209,305|
||263,506|263,506|264,495|264,495|
##
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##
|EXPENDITURE ON CH|ARITABLE ACTIVITIE|S BYFUND T|YPE||
|---|---|---|---|---|
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds|2021|Funds|2020|
|||g|||
|Trahr services|694,873|694,873|402,568|402,568|
|Support costs|928,925|928,925|711,362|711,362|
||1,623,798|1,623,798|1,113,930|1,113,930|
##
|EXPENDIT|URE ON CHARI|TABLE ACTIVITIE|S BYACTIVI|TY TYPE||
|---|---|---|---|---|---|
|||Activities||||
|||undertalren||Total funds|Total fund|
|||directly|Support costs|2021
g|2020
f|
|Train services||694,873|610,203|1,305,076|798,413|
|Shop|||22,520|22,520|21,713|
|Catering|||31,529|31,529|21,713|
|Fundraising|activities||135,963|135,963|176,096|
|Other activities|||114,571|114,571|84,835|
|Governance|costs||14,139|14,139|11,160|
|||694,873|928,925|1,623,798|1,113,930|
||||||||||GO|CO|D|D|||||
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##
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##
##
||Major comp|onents
of|ta|x (income)/expense||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||||||||f|
||Current tax:|||||||
||UK current|tax (income)/expense||||(2,025)|2,025|
||Deferred tax:|||||||
||Origination|and reversal||oftiniing differences||(17,848)|227,352|
||Taxation|||||(19,873)|229,377|
|14.|NKT INCOME/(EXPENDITURE)|||||||
||Net income/(expenditure)|||is stated after charging/(crediting):||||
|||||||2021|2020|
||Amortisation|ofintangible||assets|||3,333|
||Depreciation|oftangible|fixed assets|||215,060|191,497|
||impairment|oftangible|assets|||121,462||
||Impairment|ofintangible||assets||36,667||
|15.|AUDITORS|REMUNERATION||||||
|||||||2021|2020|
||Fees payable|for the audit||ofthc consolidated|financial statements|4,350|4,000|
||Fees payable|to the charity's
auditor and its associates for other services;||||||
||Audit ofthe|financial
statement ofthe subsidiary||||5,448|5,550|
|16.|STAFF COSTS|||||||
|STAFF|COSTS|||||
|---|---|---|---|---|---|
|The total|staff costs and|employee|benefits for the reporting|period are analysed
as|follows:|
|||||2021|2020|
|Wages and salaries||||360,479|394,815|
|Social secunty costs||||26,529|27,722|
|Employer|contributions|to pension|plans|7,278|9,203|
|||||394,286|431,740|
##
##
##
##
##
##
##
||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||funds|funds|2021|
|Donations|and grants received||670,281||670,281|
|Membership|and other income||5,779||5,779|
||||676,060||676,060|
|Costs ofgenerating
voluntary||inconte|23,347||23,347|
|Governance|costs||4,350||4,350|
|Support costs|||27,027||27,027|
||||54,724||54,724|
|Net movement
in funds|||621,336||621,336|
|Total funds|Brought forward||4,858,831|5,692|4,864,523|
|Total funds|carried forward||5,480,167|5,692|5,485,859|
##
##
|18.|FINANCIAL PERFOR(MANCE OF THE|FINANCIAL PERFOR(MANCE OF THE|FINANCIAL PERFOR(MANCE OF THE|CHARITY|(cvrrciuucri)|||
|---|---|---|---|---|---|---|---|
|||||Unc estricted||Restricted|Total Funds|
||||||funds|funds|2020|
||Donations
and grants received||||604,468|148|604,616|
||Membership
and other income||||4,327||4,327|
||||||608,795|148|608,943|
||Costs ofgenerating|voluntary|income||15,2I l||15,211|
||Governance
costs||||4,048||4,048|
||Support costs||||41,674||41,674|
||||||60,933||60,933|
||Net movement
in funds||||547,862|148|548,010|
||Total funds Brought|forward|||4,311,129|5,544|4,316,673|
||Total funds carried|forward|||4,858,991|5,692|4,864,683|
|19.|INTANGIBLE ASSETS|||||||
||||||||Goodwill|
||||||||g|
||Cost|||||||
||At I January
2021|and 31December 2021|||||40,000|
||Amortisation|||||||
||At I lanuary
2021||||||3.333|
||Charge for the year|||||||
||Impairment
losses||||||36,667|
||At 31December 2021||||||40,000|
||Carrying
amount|||||||
||At 31December 2021|||||||
||At 31 December 2020||||||36,667|
##
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##
##
|TANGIBLE FIXEDASSET|S|||||
|---|---|---|---|---|---|
|||Long||Locomotives||
||Freehold|leasehold|Fixtures|& rolling||
||property|property|gr fittings|stock|Total|
||||||g|
|Cost||||||
|At I January 2021|1,878,413|76,317|580,291|2,903,515|5,438,536|
|Additions|93,249||49,944|46,924|190,117|
|At 31December 2021|1,971,662|76,317|630,235|2,950,439|5,628,653|
|Depreciation||||||
|At I Januaiy 2021|44,111|26,529|416,830|602,823|1,090,293|
|Charge for the year|53,373|852|27,074|133,761|215,060|
|Impairment
losses|16,795|30,991|73,676|—|121,462|
|At 31 December 2021|114,279|58,372|517,580|736,584|1,426,815|
|Carrying
amount||||||
|At 31December 2021|1,857,383|17,945|I 1.2,655|2,213,855|4,201,838|
|At 31 December 2020|1,834,302|49,788|163,461|2,300,692|4,348,243|
|||||2021|2020|
|Leasehold
land and buildings|comprise of|||||
|Keightey Station —cost||||40,809|40,809|
|Cafe Choux Choux —cost|||||33,808|
|Iron gates cost||||1,700|1,700|
|Amotsisation
to date||||(24,564)|(26,529)|
|||||17,945|49,788|
##
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##
||||Long||Locomotives||
|---|---|---|---|---|---|---|
|||Freehold|leasehold|Fixtures|&rolling||
|||property|properly|&fittings|stock|Total|
|||f.|||||
|Cost At 1 January 2020||1,025,117|74,617|476,173|1,221,593|21797,500|
|Additions||93,249||49,994|46,674|189,867|
|Disposals|||||||
|||1,118,366|74,617|526,167|1,268,267|2,987,367|
|Depreciation|At 1||||||
|January 2020||14,225|26,207|389,292|517,731|947,455|
|Charge for the year||14,352|36|4,741|7,724|26,853|
|Itnpainuent|losses|13,794|30,991|38,484||83,269|
|||42,371|57,234|432,517|525,455|1,057,577|
|At 31 December 2021||1,051,326|16,603|76,008|624,497|1,768,434|
|At 31December 2020||1,010,892|48,410|86,881|703,862|1,850,045|
##
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##
|21.|INVESTME|NT|ENTlTIES|(coiuiiiiieil)|||
|---|---|---|---|---|---|---|
||||||2021|2020|
||Summary
oftrading results||||||
||Turnover||||1,424,678|696,064|
||Total expenditure||||(1,794,490)|(1,317,497)|
||Other operating||income||116,489|269,756|
||Other income||||2,400|3,008|
||Taxation||||19,873|(229,377)|
||Loss for thc year||||(231,050)|(578,046)|
||Assets||||2,373,213|2,207,286|
||Liabilities||||(1,381,741)|(984,764'1|
||Summary
ofassets and liabilities||||991,472|1,222,522|
|22.|STOCKS||||||
||||||2021|2020|
||||||g||
||Retail shop|stock|||48,123|73,735|
|23.|DEBTORS||||||
||||||2021|2020|
|||||||6|
||Trade debtors||||3i377|39,853|
||Prepayments|and|accrued income||42,218|49,145|
||Corporation|tax repayable|||2,025||
||Other debtors||||25,845|34,633|
||||||73,465|123,631|
||Charitable|company|||||
||||||2021|2020|
||Trade debtors||||10|32,497|
||Amounts
owed by subsidiary|||undertaking|700,008|251,784|
||VAT||||224|2,239|
||||||700,242|286,520|
##
##
##
##
##
|CREDlTORS: amounts|falling due within
one year|||
|---|---|---|---|
|||2021|2020|
|Bank loans and overdrafts|||5,833|
|Trade creditors||71,641|74,587|
|Accruals and deferred income||87,580|61,834|
|Coq&oration tax|||2,025|
|Social security and other|taxes|7,271|10,602|
|Sundry creditors||26,757|51,503|
|||193,249|206,384|
|Charitable
company||||
|||2021|2020|
|Trade creditors||4,607|4,8(i4|
|Accrtial and deferred income||37,022|24,741|
|||41,629|29,605|
|CREDITORS: amounts|falling due after more than one year|||
|||2021|2020|
|Bank loans and overdrafts|||44,167|
|Accruals and deferred uicome||181,710|125,508|
|||181,710|169,675|
##
##
##
##
##
|||202]|2020|
|---|---|---|---|
|At I January 2021||161,150|172,291|
|Amount
released|to income|(161,150)|(172,291)|
|Amount
defen'ed|in year|236,831|161,150|
|At 31December|2021|236,831|161,150|
|unds received
ollows:|in advance
which
all relate to monies|in advance for the 2022 finan|cial
year as|
|---|---|---|---|
|||202]|2020|
|Subscriptions|paid in advance|22 772|20,741|
|Grant inconie|received in advance|214,059|140,409|
|||236,831|161,150|
##
||The defen'ed|tax includ|ed
in the statement offinmicial position is as fol|lows:||
|---|---|---|---|---|---|
|||||2021|2020|
||Included
in|provisions|(note 28)|209,504|227,352|
||The deferred|tax account consists ofthe tax effect oftiming differences||in respect of:||
|||||2021|2020|
||Accelerated|capital alloivances||209,504|227,352|
|28.|PROVISIONS|||||
|||Deferred tax|
|---|---|---|
|||(note 27)|
|At|1 January 2021|223,012|
|Charge against provision||(13,508)|
|At|31December 2021|209,504|
##
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##
|Unrestr|icted|funds|||||
|---|---|---|---|---|---|---|
||||At|||At|
||||I Jan 2021
f|Income
f.|Expenditure|31Dec 2021|
|General|funds||4,627,454|2,237,446|(1,867,431)|4,997,469|
||||At|||At|
||||I Jan 2020|Income|Expenditure|31 Dcc 2020|
|General|funds||4,677,745|1,557,511|(1,607,802)|4,627,454|
|Restricted||funds|||||
||||At|||At|
||||I Jmi 2021|Income|Expenditure|31Dec 2021|
|||||||g|
|41241 Ivatt|||5,253|||5,253|
|Engine|43924||439|||439|
||||5,692|||5,692|
||||At|||At|
||||I Jan 2020|Income|Expenditure|31Dec 2020|
|41241 Ivatt|||5,105|148||5,253|
|Engine|43924||439|||439|
||||5,544|148||5,692|
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|ANALYS|IS OF N|ET ASSETS BETWE|EN FUNDS|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2021|
|||||f.|8|
|Intangible|assets|||||
|Tangible|fixed assets||4,201,838||4,201,838|
|Current
assets|||1,380,094|5,692|1,385,786|
|Creditors|less than|I year|(193,249)||(193,249)|
|Creditors|greater than I year||(181,710)||(181,710)|
|Provisions|||(209,504)||(209,504)|
|Net assets|||4,997,469|5,692|5,003,161|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2020|
||||||f.|
|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|I year|(206,384)||(206,384)|
|Creditors|grcatcr than I year||(169,675)||(169,675)|
|Provisions|||(227,352)||(227,352)|
|Net assets|||4,627,454|5,692|4,633,146|
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|ANA|LYSIS OF CHANGES IN NKT D|EBT|||
|---|---|---|---|---|
|||At||At|
|||I Jan 2021|Cash flows|31Dec 2021|
|Cash|at bank and in hand|654,281|609,917|1,264,198|
|Debt|due within one year|(5,833)|5,833||
|Debt|due after one year|(44,167)|44,167||
|||604,281|659,917|1,264,198|
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|The total future|The total future|minimum|lease payments|under non-cancellable|operating|leases are as follows:|leases are as follows:|
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||5||
|Not later than||1 year||||19,045|24,762|
|Later than|1 year and not||later than 5 years|||69,853|92,723|
|Later than|5 years|||||80,625|96,750|
|||||||169,523|214,235|
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