## 

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





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|||||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<br>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<br>activities:||||||
|Net income for the reporting period||||||
|(as per the Suaement ofFinancial Activities)|(57,8$6)|326,585||268,699|132,763|
|Adjustments<br>for:||||||
|Depreciation oftangible<br>fixed assets|142,513|20,002||162,515|147,566|
|(Profit)/loss<br>on disposal oftangible F.A.||||||
|Other interest receivable|(23)|||(23)|(3)|
|Income from investmbnt<br>properties<br>Revaluation ofheritage assets|(7,579)|||(7,579)|(11,719)|
|Revaluation ofinvestment<br>prop.||||||
|Changes in:||||||
|(Increase) in stock|(35,858)|||(35,858)|(3,548)|
|(Increase)/decrease<br>in debtors|39380|||39,380|(39,$01)|
|Increase/(decrease)<br>in creditors|(6,989)|||(6,989)|(52,311)|
|Cash generated<br>from operations|73,558|346,587||420,145|277,569|
|Interest received||||23||
|Net cash provided<br>by operating<br>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<br>by investing<br>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<br>by financing<br>activities|567,498|||67,49$|248,417|
|Total net cash movements|470.906|195,436||666,342|224,796|
|Cash and cash equivalents<br>at start ofyear|(30,888)|48,026||17,138|(207,658)|
|Cash and cash equivalents<br>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<br>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)|





## 

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## 

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## 

## 

|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<br>property||Straight line over the lease term|||||
|Buildings||igh|||||
|Plant and|machinety|10%and 20%|straight|line|||



## 



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## 

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## 

|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<br>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.<br>Charitable<br>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<br>repairs|22,700|48,700|71,400|33,833|
|Engineering<br>and equipment<br>costs|9,950||9,950|19,234|
|Property<br>maintenance<br>and repairs|18,501||18,501|6,805|
|Uniforms<br>and protective clothing|806||806|4,243|
|Consumables<br>and sundries|5,824||5,824|13.303|
|Offtce equipment(incl.<br>equip. hire)|2,458-||2,458|1,910|
|Power, light and heat|13,613||13,613|28,903|
|Rent, rates, cleaning<br>and waste disposal|23,542||23,542|24,631|
|Insurance|41,719||41,719|46,808|
|Advertising.<br>promotion<br>and wehsite|47,016|3,000|50,016|54,833|
|Communication<br>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<br>fees and subscriptions|4,002||4,002|5,813|
|Audit and accountancy<br>fees|10,915||10,915|10,357|
|Bank charges and merchant<br>fees|6,353||6,353|10,225|
|Interest charges (incl. hire purchase)|14,955||14,955|5,944|
|Other support<br>and governance<br>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<br>eliminated<br>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<br>(Enterprises)||Limited||England|and Wales|100|
|Seston Tramway|(Katerprises)||Limited|(company<br>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<br>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<br>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<br>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<br>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|



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|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<br>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|



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|Group restricte|d<br>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|





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