| Trustees | Mr G Lee | |
|---|---|---|
| Mr N J Noon | ||
| Mr H R Noon | ||
| MrA M Ashworth | ||
| Mr PA I ewin | ||
| Mr P Ingham | ||
| MrD JLee-- | ||
| Mr G I Lee |
||
| Secrelary | Mr H Noon | |
| Charity number | 1176862 | |
| Company | number | 10919496 |
| Registered | office | The Grain Store |
| Statfold Bam Farm | ||
| Ashby Road | ||
| Tamworth | ||
| Staffordshire | ||
| e79 oeu | ||
| Auditor | Azets Audit Services | |
| Ruthlyn House |
||
| 90 Lincoln Road | ||
| Peterborough | ||
| United Kingdom | ||
| PE12SP |
| Page | ||
|---|---|---|
| Trustees' report |
1-3 | |
| Statement oftrustees' | responsibilities | |
| Independent auditor's |
report | 5-7 |
| Statement of financial | activities | |
| Balance sheet | ||
| Statement ofcash flows | 10 | |
| Notes to the financial | statements | 11-22 |
| iinrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2020 | 2019 | |||
| Notes | 5 | 8 | ||
| in m an |
n | |||
| Donations and |
legacies | 3 | 1,419,701 | 1,484,675 |
| Charitable activities |
4 | 16,396 | 22,930 | |
| Other trading activities | 5 | 161,291 | 344,188 | |
| Other income | 6 | 12,000 | 15,000 | |
| Total income | 1,609,388 | 1,876,793 | ||
| g~yndi~ue | ||||
| Raising funds | 7 | 439,392 | 558,299 | |
| Charitable activities |
8 | 409,531 | 307,033 | |
| Total rssomces expended | 848,923 | 865,332 | ||
| Net income forths yesrl | ||||
| Net movement | in funds | 760,465 | 1,011,461 | |
| Fund balances | at 1 January 2020 | 2,820,532 | 1,809,071 | |
| Fund balances at 31 December 2020 | 3,580,9S7 | 2,820,532 |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | 6 | E | ||||||
| Fixed assets | ||||||||
| Tangible assets | 12 | 3,889,604 | 3,112,257 | |||||
| Currentassels | ||||||||
| Stocks | 14 | 300 | 977 | |||||
| Debtors | 15 | 46,583 | 111,058 | |||||
| Cash at bank and | in | hand | 29,916 | 110,614 | ||||
| 76,799 | 222,649 | |||||||
| Creditors: | amounts | falling due within | ||||||
| one year | 17 | (341,239) | (514,374) | |||||
| Net current | liabilities | (264,440) | (291,725) | |||||
| Totai assets less | current liabilities | 3,625,164 | 2,820,532 | |||||
| Creditors: | amounts | falling due after | ||||||
| moro than | one year | 1& | (44,167) | |||||
| Net assets | 3,580,997 | 2,820,532 | ||||||
| Income funds | ||||||||
| Unrestricted | funds | 3,580,997 | 2,820,532 | |||||
| 3,580,997 | 2,820,532 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| {votes | 6 | 5 | |||||
| Cash flows from operating | activities | ||||||
| Cash generated from operations |
21 | 731,303 | 1,417,216 | ||||
| Investing | activigss | ||||||
| Purchase | oftangible fixed assets | (862,001) | (1,313,939) | ||||
| Mst cash | used in investing | activities | (862,001) | (1,313,939) | |||
| Financing | activities | ||||||
| Proceeds | ofnew bank loans | 50,000 | |||||
| {tetcash | generated fram/(used |
in) | |||||
| financing | activities | 50,000 | |||||
| Net {decrease)/increase in |
cash | and cash | |||||
| equivalents | (80,698) | 103,277 | |||||
| Cash and | cash equivalents | si beginning | ofyear | 110,814 | 7,337 | ||
| Cash and | cash equivalents | at end of | year | 29,9'l6 | 110,614 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2020f | 2019 E |
|||
| Donations | and gifts | 1,349,096 | 1,494,675 | |
| Coronavirus | Job Retention Scheme grants | 59,271 | ||
| Other government | grants | 11,334 | ||
| 1,419,701 | 1,494,675 | |||
| Donations | and gifts | |||
| Donations | 1,085,627 | 793,022 | ||
| Gitt aid receivable | 263,469 | 270,653 | ||
| Gifted heritage assets | 431,000 | |||
| 1,349,096 | 1,494,675 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| E | E | |||
| Steam museum | guide | books | 2,854 | 4,070 |
| Train driver experience | receipts | 1,542 | 6,860 | |
| Railway track rentals | 12,000 | 12,000 | ||
| 16,396 | 22,930 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2020 | 2019 | ||
| E | E | ||
| Fundraising | events | 145,293 | 284,268 |
| Merchandise | sales | 3,208 | 16,867 |
| Hire ofevents centre | 12,790 | 43,053 | |
| Other trading | activities | 161,291 | 344,188 |
| Unrestricted | Unrestricted |
|---|---|
| funds | funds |
| 2020 | 2019 |
| E | E |
| 12,000 | 15,000 |
| Unrestricted | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2020 | 2019 | ||||
| E | E | ||||
| Fundraisin | and | u | ic' | ||
| Staging fundrsising | events | 103,286 | 228,802 | ||
| Advertising | 6,327 | 78,054 | |||
| Supportcosts | 238,530 | 183,774 | |||
| Fundraising | and publicity | 348,143 | 490,630 | ||
| T~Ch | |||||
| Other trading | activities | 2,641 | 28,482 | ||
| Depreciation | and | impairment | 80,385 | 36,039 | |
| Supportcosts | 8,223 | 3,148 | |||
| Trading costs | 91,249 | 67,669 | |||
| 439,392 | 558,299 |
| Charitable activities |
|||
|---|---|---|---|
| 2020 | 2019 | ||
| 6 | f | ||
| Staff costs | 290,247 | 219,425 | |
| Artefacts arrd repairs | br collection | 81,380 | 86,249 |
| Guide books | 677 | 2,242 | |
| 372,304 | 287,916 | ||
| Share of support costs (see note 9) | 12,554 | 9,672 | |
| Share ofgovernance | costs (see note 9) | 24,673 | 9,445 |
| 409,531 | 307,033 |
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| 2020 | 2019 | ||
|---|---|---|---|
| Number | Number | ||
| 18 | 24 | ||
| Employment | costs | 2020 | 2019 |
| 6 | |||
| Wages and salaries | 364,222 | 287,279 | |
| Social security costs | 30,952 | 24,772 | |
| Other pension costs | 8,627 | 6,289 | |
| 403,801 | 318,340 |
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| 14 | Stocks | ||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| 8 | 5 | ||||
| Museum | guide books | 300 | 977 | ||
| 15 | Debtors | ||||
| 2020 | 2019 | ||||
| Amounts | falling due within one year: | 8 | 8 | ||
| Trade debtors | 4,424 | 5,758 | |||
| Other debtors | 32,540 | 38,261 | |||
| Prepayments | and accrued income | 9,619 | 67,039 | ||
| 46,583 | 111,058 |
| 2020 | 2019 | ||
|---|---|---|---|
| 8 | |||
| Bank loans | 50,000 | ||
| Payable | within one year | 5,833 | |
| Payable | aRsr one year | 44,167 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Notes | E | |||
| Bank loans | 5,833 | |||
| Other taxatlon and social security | 9,299 | 8,370 | ||
| Trade creditors | 308,651 | 487,136 | ||
| Other creditors | 2,394 | 1,368 | ||
| Accruals and deferred | income | 15,062 | 17,500 | |
| 341,239 | 514,374 |
| 21 | Cash generated from |
operations | 2020 | 2018 | |
|---|---|---|---|---|---|
| Surplus for the year | 760465 | 1 011461 | |||
| Adjustments for: |
|||||
| Depreciation and impairment oftangible |
fixed assets | 84,654 | 39,275 | ||
| Movements in working |
capital: | ||||
| Decrease in stocks |
677 | 673 | |||
| Decrease/(increase) in |
debtors | 64,475 | (105,856) | ||
| (Decrease)/increase in |
creditors | (178,968) | 471,663 | ||
| Cash generated from |
operations | 731,303 | 1,417,216 |