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2020-12-31-accounts

Legal and administrative information
Trustees' report 2-13
Auditor's
report to the		 trustees 14-17
Consolidated
statement		 offinancial activities 1$
Consolidated
balance sheet		 19
Charity balance sheet 20
Consolidated
statement		 ofcash flaws 21-22
Notes to the financial statements 23-40

Year ended Year ended Year ended Year ended
31/I2/2020 31/I2/2020 31/12/2020 31/12/2019
Uarsstricted Restricted Total Total
funds funds funds funds
Nates
income and endawments from
Donations and legacies 356,079 438,596 794,675 254,637
Charitable activities 419,063 419,063 932,985
Other trading activities 208,469 208,469 317,3]3
Investments 23 3
Other 38,067 38,067 64,905
Total 1,021,701 438,596 1,460,297 1,569.843
Expenditure on
Raising funds 200,221 200,» I 307,198
Charitable activ ities 879,366 I12,011 991,377 1,129,882
Total 1,079,587 112,011 1,191,598 1,437,080
Net movement in fuads (57,886) 326,585 268,699 132,763
Total funds brought
forward		 5,383,246 223,494 5,606,740 5,473,977
Total funds carried forward 5.325.360 550,079 5,875,439 5,606.740

31/12/2020 31/12/2019
Notes 8 8 g
Fixed assets
Tangible assets 15 4,125,314 3,958,926
Heritage assets 16 2,000,000 2,000,000
Investments
6,125,314 5,958,926
Current assets
Stock 18 86,695 50,837
Debtors 19 58,293 97,673
Cash at bank and in hand 683,480 22,836
828.468 171,346
Creditors: amounts falling
due within oae year 20 (614,402) (240,862)
Net current asset/fiiabilities) 214,066 (69,516)
Total assets less current liabilities 6,339,380 5,889,410
Creditors amounts falling 21
due afier one year (463,941) (282,670)
Net assets 5,$75,439 5,606,740
Restricted funds 26 550,079 223,494
I/nrestricted funds. 27
Designated funds
Unrestricted funds 3,222,375 3,280,261
Called up share capital 23,781 23,781
Revaluation reserve 2,079,204 2,079,204
Total funds 5,875,439 5,606,740

31/12/2020 31/12/2019
Notes
Fixed assets
Tangible assets 15 4,125,314 3,958,926
Heritage assets 16 2,000,000 2,000,000
Investments 50,000 50,000
6.175,314 6,008,926
Current assets
Stock 1$
Debtors 19 135,325 76,815
Cash at bank and in hand 614,844 9,010
750,169 85,825
Creditors: amounts falling
due within one year 20 (610,288) (232,518)
Net current asset/(liabilities) 139,881 (146,693)
Total assets less curreat liabilities 6,315,195 5,862,233
Creditors: amounts faning 21
due after one year (463,941) (2$2,670)
Net assets 5,$51354 5,579,563
Restricted funds 26 550,079 223,494
Unrestricted funds: 27
Designated funds
Unrestricted funds 3,198,190 3,253,084
Called up share capital 23,781 23,781
Revaluation reserve 2,079,204 2,079,204
Total fuads 5,851,254 5,579,563

Year ended Year ended Year ended Year ended
31/I2/2020 31/I2/2020 31/12/2020 31/12/2019
Unrestricted Restricted Total Total
funds funds funds funds
Cash flows from operating
activities:
Net income for the reporting period
(as per the Suaement ofFinancial Activities) (57,8$6) 326,585 268,699 132,763
Adjustments
for:
Depreciation oftangible
fixed assets		 142,513 20,002 162,515 147,566
(Profit)/loss
on disposal oftangible F.A.
Other interest receivable (23) (23) (3)
Income from investmbnt
properties
Revaluation ofheritage assets		 (7,579) (7,579) (11,719)
Revaluation ofinvestment
prop.
Changes in:
(Increase) in stock (35,858) (35,858) (3,548)
(Increase)/decrease
in debtors		 39380 39,380 (39,$01)
Increase/(decrease)
in creditors		 (6,989) (6,989) (52,311)
Cash generated
from operations		 73,558 346,587 420,145 277,569
Interest received 23
Net cash provided
by operating
activities		 73,581 346,5$7 420,16$ 277,572
Cash fiows from investing activities:
Purchase oftangible assets (177,752) (151,151) (328,903) (312,912)
Proceeds from sale oftangible F.A,
Rents from investments 7,579 7,579 11,719
Net cash provided
by investing
activities		 (170,173) (151,151) . (321,324) (301,193)
Cash flows from fiaunciag activities:
Repayment ofbonowings (56,083) (56,083) (56,083)
Cash inflow &om borrowings 304,500 304.500 304,500
Net cash provided
by financing
activities		 567,498 67,49$ 248,417
Total net cash movements 470.906 195,436 666,342 224,796
Cash and cash equivalents
at start ofyear		 (30,888) 48,026 17,138 (207,658)
Cash and cash equivalents
at year end		 440,018 243,462 683,480 17,138
Tbe notes on pages 23to 40fornt an integral part ofthese financial statements.

Analysis ofcash snd cash e quivalents
Year ended Year ended Year ceded Year ended
31/12/2020 31/12/2020 31/12/2020 31/12/2019
Unrestricted Restricted Total Total
funds funds funds funds
K
Cash inhand 440,018 243,462 683,480 2s,836
Overdraft facilities repayable on demand (5,698)
440,018 243,462 683,480 17,138
Analysis ofchanges iu net debt
As at Other As at
01/01/2020 Cash flow changes 31/12/2020
8 8 f
Cash 22,836 660,644 683,480
Overdraftrepayable
on demand		 (5,698) 5.698
Loans falling due within one year (25,379) (369,165) (13,513) (408,057)
Loans due after more than one year (279,121) (198,333) 13,513 (463,941)
Hire purchase —less than one year (6,083) 4,563 (3,549) (5,069)
Hire purchase —more than one year (3,549) 3,549
(296,994) 103,407 (193,587)

Taagible fixed assets and depreciation fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates
calculated to write offthe cost less residual value ofeach asset over its expected useful life, as follows:
Freehold land No depreciation charge
Assets under construction No depreciation charge
Short leasehold
property		 Straight line over the lease term
Buildings igh
Plant and machinety 10%and 20% straight line

onations an d legacies
Year ended Year ended Year ended Year ended
31/12/2020 31/12/2020 31/12/2020 31/12/2019
Unrestricted Restricted Total Total
funds fends funds fuads
Donations 101,906 101,906 892
Gilt aid 77,114 77,114 74,047
Government grants 176,559 176,559
Grants 500 438,596 439,096 179,698
356,079 438,596 794,675 254,637

Cbadtabte
activities
Year ended Year ceded Year ended Year ended
31/12/2020 31/12/2020 31/12/2020 31/12/2019
Unrestricted Restricted Total Total
funds funds fends funds
8 f
Admission - tram fares 416,655 416,655 730,278
Admission - themed tram fares 439 439 190458
Tours, experience days and other 1,969 1,969 12,449
419,063 419,063 932,985
Other trading activities
Year ended Year ceded Yearended Year ended
31/12/2020 31/12/2020 31/12/2020 31/12/2019
Unrestricted Restricted Total Total
funds funds fuads funds
g f.
Gilt shop snd cafe (inch subsidiary) 137,407 137,407 301,157
Advertising 3,438 3,438 4,154
Rent and service charges 7,579 7,579 11,719
Other 60,045 60,045 283
208,469 208,469 317,313

5. Investments Investments
Yearended Year ended Year ended Year ended
31/12/2020 31/12/2020 31/12/2020 31/12/2019
Unrestricted Restricted Total Total
funds funds funds funds
8 f.
Bank interest 23 23
23 23 3
6. Other
Year ended Year ended Year ended Yearended
31/12/2020 31/12/2020 31/12/2020 31/12/2019
Unrestricted Restricted Total Total
funds funds funds funds
Wayleave 8 8 8
Insurance claims 16,2i7 16,217 34,798
Other goods end services 1,872 1.872
Taxrelief 19,970 19,970 30,099
38,067 38,067 64,905
7. Raising funds
Year ended Year ended Year ceded Year ended
31/12/2020 31/12/2020 31/I2/2020 31/12/2019
Unrestricted Restricted Total Total
funds funds funds fuads
8
Purchases and direct costs 42,103 42,103 105,346
Direct staffcosts 129,882 129,882 166,261
Rates and waste disposal 7,495 7,495 7,329
Light aod heat 8,510 8,510 11,349
Maintenance, repairs and uniforms 2,227 2.227 6317
Bank charges and merchant fees 3,068 3,068 4,554
Other support and governance costs 6,936 6,936 6,042
200,221 200,221 307,198

8.
Charitable
activities
Year eaded Year ended Year ended Year ceded
31/I2/2020 31/12/2020 3I/12/2020 31/12/2019
Unrestricted Restricted Total Total
funds funds funds funds
f
Direct staff costs (incl. training) 319,159 15,514 334,673 422,396
Contract labour costs 3,745 3,745 15,161
Therned fare costs 881 881 73,646
Fleet, wack and overhead
repairs		 22,700 48,700 71,400 33,833
Engineering
and equipment
costs		 9,950 9,950 19,234
Property
maintenance
and repairs		 18,501 18,501 6,805
Uniforms
and protective clothing		 806 806 4,243
Consumables
and sundries		 5,824 5,824 13.303
Offtce equipment(incl.
equip. hire)		 2,458- 2,458 1,910
Power, light and heat 13,613 13,613 28,903
Rent, rates, cleaning
and waste disposal		 23,542 23,542 24,631
Insurance 41,719 41,719 46,808
Advertising.
promotion
and wehsite		 47,016 3,000 50,016 54,833
Communication
and IT		 18,895 18,895 12,251
Prinung postage and stationery 4,909 4,909 6,425
Legal fees 5,543 5,543 2,662
Professional
fees and subscriptions		 4,002 4,002 5,813
Audit and accountancy
fees		 10,915 10,915 10,357
Bank charges and merchant
fees		 6,353 6,353 10,225
Interest charges (incl. hire purchase) 14,955 14,955 5,944
Other support
and governance
costs		 152,453 152,453 161,658
HLF octivities and related expenses 8,914 24,795 33,709 21,275
Depreciation 142,513 20,002 162,515 147,566
Depreciation
eliminated
on disposal
Gains on disposal offixed assets
879,366 112,011 991,377 1,129,882

alysis of sup port costs
Year ended Year ended
Raising Charitable 31/12/2020 31/12/2019
funds activities Totalf Totalf
Governance
Directors and officers' insurance 697 697 498
Directors' meetings, travel and subsistence 542 542 2,403
Human Resources
Administrative and management staff 6,936 151,214 158,150 164,799
6,936 152,453 159,389 167,700

Year ended Year ceded
31/12/2020 31/12/2019
f f
Net incoming resources are stated atter charging:
Depreciation and other amounts written oiftangible fixed assets 162,515 147,566
Auditor's remuneration and other accountancy services 10,915 10,357
173,430 157,923

Year ended Yesrended
31/12/2020 31/12/2019f
Wages and salaries 575,731 696,157
Social security costs 30,193 42,118
Pension costs (contributions and scheme fees) 15,363 9,999
Shdf recruitment, training and welfare costs 992 5,590
62o279 753,864

Year ended Year ended
31/12/2020 31/12/2019
Number Number
Parent 35 34
Subsidiary 13 16
Total employees 48 50

f2,500being waive d due to th e C ovid-19 p andemic (2019: $6,000)tothe charity.
%ofequity
share capital
Name ofsubsidiary Country ofiacorporation held
Seaton Tramway
(Enterprises)		 Limited England and Wales 100
Seston Tramway (Katerprises) Limited (company
number 09712545)
Summary oftrading results Yearended Year ceded
31/12/2020f 31/12/2019f
Turnover 137,606 301,158
Total expenditure (140,597) (309,421)
Net profit for the year (2,991) (8363)
Atnount
gift-aided tothe charity
Retained profit (2,991) (8,263)
The assets and liabilities ofSeaton Tramway (Enterprises) Limited were:
Fixed assets
Current assets 155,332 123,005
Liabilities falling due within 1 year (81,146) (45,828)
Fuads 74,186 77,177

Tangible fixed assets Freehold Short leasehold Plaat,
ofthe group laud snd land aad equipment Assets under
buildings buildings and fixtures construction Total
f
Cost
At 1 January 2020 1,089,121 2,685,402 1,001,228 176,308 4,952,059
Additions 14,111 63,847 35,016 215,929 328,903
At 31December 2020 1,103,232 2,749,249 1,036,244 392437 5,280,962
Depreciation
At 1 January 2020 313.424 80,696 599,013 993,133
Charge for the year 17,185 54,985 90,345 162,515
At 31 December 2020 330,609 135,681 689,358 1,155,648
Net book values
At 31 December 2020 772,623 2,613,568 346,886 392,237 4,125,314
At 31 December 2019 775,697 2,604,706 402,215 176,308 3,958,926

Tangible fixed assets ofthe charity: tangible fixed assets ofthe charity are the same ssthe group (the Tangible fixed assets ofthe charity: tangible fixed assets ofthe charity are the same ssthe group (the Tangible fixed assets ofthe charity: tangible fixed assets ofthe charity are the same ssthe group (the
subsidiary
has no fixed assets).
Heritage assets - heritage trams Heritage Total
Tramsf 31/12/2020f
At 1January 2020 2,000,000 2,000,000
Revaluation
At 31December 2020 2,000,000 2,000,000

xed asset investments
Group Group Charity Charity
31/12/2020 31/12/2019 31/12/2020 31/12/2019
8 8
Historical costs 50,000 50,000

m. Stock
Group Group Charity Charity
31/12/2020 31/12/2019 31/12/2020 31/12/2019
8 8 8
Closing stock 86,695 50,837
86,695 50,837
19. Debtors
Group Group Charity Charity
31/12/2020 31/12/2019 31/12/2020 31/12/2019
All amounts fall due in less than I year
Trade debtors 2,442 1,061 2,442 1,033
Other debtors 40,428 40,311 40,428 40,311
Prepayments and accrued income 15,423 56,301 15,423 35,471
Amounts due from subsidiary undertakings 77,032
58,293 97,673 135,325 76,815

Creditors
Group Group Charity Charity
3I/12/2020 31/12/2019 31/12/2020 31/12/2019
All amounts
fall due in less than		 I year f f
Trade creditors 137,606 150,784 136,760 119,813
Other creditors 5,000 5,000 5,000 5,000
Accruals and deferred income 48,996 38,300 46,626 27,398
Social security and other taxes 9,674 9,618 8,776 5,162
Shod term loans and overdmtts 408,057 31,077 408,057 31,077
Hire purchase 5,069 6,083 5,069 6,083
Amounts
due to subsidiary		 undertakings 37,484
614,402 240,862 610,288 232,518

Creditors
Group Group Charity Charity
31/12/2U20 31/12/2U19 31/12/2U2U 31/12/2U19
All amounts fall due atter I year f f f
Bank loans 463,941 279,121 463,941 279,121
Hire purchase 3,549 3,549
463,941 282,670 463,941 282,670

Unrestricted Restricted Total
31/I2/2020 31/12/2020 3I/12/2020
Fund balances as represented by: 8
Tangibi e Axed assets 3,81$,697 306,617 4,125,314
Heritage assets 2,000,000 2,000,000
Investments
Current assets 585,006 243,462 828,468
Current liabilities (614,402) (614,402)
Long term liabilities (463,941) (643,941)
5,325,360 550,079 5,875,439
Comparative year
tinrestricted Restricted Total
31/12/2019 31/12/2019 31/12/2019
Fund balances as represented by: f
Tangible fixed assets 3,7$3,458 175,468 3,958,926
Heritage assets 2,000,000 2,000,000
Investments
Current assets 123,320 48,026 171,346
Current liabilities (240,862) (240,862)
Long term liabilities (282,670) (282,670)
5,383346 223,494 5,606,740
Analysis ofnet assets between funds —Cbarity
Unrestricted Restricted Total
31/12/2020 31/I2/2020 3I/12/2020
Fund balances as represented by: f 8
Tangible fixed assets 3,818,697 306,617 4,125,314
Heritage assets 2,000,000 2,000,000
Investments 50,000 50,000
Current assets 506,707 243,462 750,169
Current liabilities (610,288) (610,288)
Long term liabilities (463,941) (463,941)
5301,175 550,079 5,851254

1tnrestricted Restricted Tarsi
31/12/2019 31/12/2019 31/12/2019
Fund balances as represented by:
Tangible fixed assets 3,783,45$ 175,468 3,958,926
Heritage assets 2,000,000 2,000,000
investments 50,000 50,000
Cunem assets 37,799 48,026 85,$25
Current liabilities (232,518) (232,518)
Long tenn liabilities (282,670) (287,670)
5,356,069 223,494 5,579,563

Group restricted funds - 2020
At 1Jan incoming olltgolng At 31Dec
2020 resources resources 2020
8 8 f.
NLHF Emergency Covid-19 Support 48,700 (48,700)
Kick Start Gmnt 3,000 (3,000)
Culture Recovery Fund 217,550 (7,800) 209,750
Travels through
Heritage		 and the Axe Valley 138,487 93,847 (32,509) 199,825
Wetland Halt Project 25,000 75,499 100,499
Santon Tram Station 60,007 (20,002) 40,005
223,494 438,596 (112,011) 550,079

Group restricte d
funds - 2019
At 1Jan incomiag outgoing At31Dee
2019 resources resources 2019
6
Travels through Heiitnge and the Axe Valley 154,698 (16,211) 138,487
Wetland Halt Project 25,000 25,000
Seaton Tram Station 80,009 (20,002) 60,007
80,009 179,698 (36,213) 223,494