2020-12-31-accounts

Reference and Administrative Details
Trustees' Report	2to 6
Independent Auditors' Report	7to 10
Consolidated Statement of Financial Activities	11to 12
Consolidated Balance Sheet	13
Balance Sheet	14
Consolidated Statement ofCash Flows	15
Notes to the Financial Statements	16to 34

Chairman				M W Kelly
Trustees				M Britten
				R G Chapman
				C EJones
				M W Kelly
				C R Law
				D SLayland
				SLea
				A Lee
				C Phillips
				G Thomas
				G SThornton
				D Wilson
Principal	Office			Bolton Street Station
				Bury
				Lancashire
				BL9OEY
				The charity is incorporated		in England	and Wales.
Company	Registration		Number	2023981
Charity Registration		Number		1186648
Auditor				Horsfield &Smith
				Tower House
				269Walmersley	Road
				Bury
				Lancashire
				BL96NX

STATEMENT O	F TOT	AL RECOG	NISED GAI	NS AND LOSS	ES)
				Unrestricted	Restricted	Total
				funds	funds	2020
			Note	f	f	f
Income and Endowments		from:
Donations and legacies				2,071,164	189,329	2,260,493
Charitable activities				29,600		29,600
Investment income				22		22
Other income				978,849		978,849
Total income				3,079,635	189,329	3,268,964
Expenditure on:
Raising funds				(1,881,598)		(1,881,598)
Charitable activities				(1,008,031)		(1,008,031)
Other expenditure				(5,470)		(5,470)
Total expenditure				(2,895,099)		(2,895,099)
Net income				184,536	189,329	373,865
Net movement in funds				184,536	189,329	373,865
Reconciliation offunds
Total funds brought	forward			591,616		591,616
Total funds carried	forward		23	776,152	189,329	965,481

STATEMENT OF TOT	AL RECOGNISED	GAINS AND LOS	SES)
			Unrestricted	Total
			funds	2019
		Note	E
Income and Endowments	from:
Donations and legacies			292,787	292,787
Charitable activities			29,597	29,597
Investment income			17	17
Otherincome			4,104,826	4,104,826
Totalincome			4,427,227	4,427,227
Expenditure on:
Raising funds		7	(3,367,583)	(3,367,583)
Charitable activities		8	(1,098,039)	(1,098,039)
Other expenditure			3,587	3,587
Total expenditure			(4,462,035)	(4,462,035)
Net expenditure			(34,808)	(34,808)
Net movement in funds			(34,808)	(34,808)
Reconciliation offunds
Total funds brought forward			626,424	626,424
Total funds carried forward		23	591,616	591,616

AS AT91	DECE	MBER 2020
				2020	2019
			Note	f
Fixed assets
Tangible assets			15	4,914,676	5,020,591
Current assets
Stocks			17	99,722	73,443
Debtors			18	613,957	205,207
Cash at bank	and in	hand	19	250,105	288,783
				963,784	567,433
Creditors: Amounts		falling due within one year	20	(1,351,715)	(1,681,896)
Net current	liabilities			(387,931)	(1,114,463)
Total assets	less current liabilities			4,526,745	3,906,128
Creditors: Amounts		falling due after more than one year	21	(3,561,264)	(3,314,512)
Net assets				965,481	591,616
Funds ofthe	group:
Restricted income funds
Restricted funds				189,329
Unrestricted	income	funds
Unrestricted	funds			776,152	591,616
Totalfunds			23	965,481	591,616

AS AT31	DECEM	BER 2020
				2020	2019
			Note	f	6
Fixed assets
Tangible assets			15	4,880,944	5,020,591
Investments				1
				4,880,945	5,020,591
Current assets
Stocks			17		73,443
Debtors			18	520,106	205,207
Cash at bank	and in hand		19	241,672	288,783
				761,778	567,433
Creditors: Amounts		falling due within one year	20	(540,759)	(1,681,896)
Net current	assets/(liabilities)			221,019	(1,114,463)
Total assets	less current liabilities			5,101,964	3,906,128
Creditors: Amounts		falling due after more than one year	21	(3,561,264)	(3,314,512)
Net assets				1,540,700	591,616
Funds ofthe	charity:
Restricted income funds
Restricted funds				189,329
Unrestricted	income	funds
Unrestricted	funds			1,351,371	591,616
Total funds			23	1,540,700	591,616

FOR THE YEAR ENDED 31DECEM	BER	2020
				2020	2019
			Note	6	6
Cash flows from operating activities
Net cash income/(expenditure)				373,865	(34,808)
Adjustments to cash flows from non-cash	items
Depreciation				212,485	202,702
Investment income				(22)	(17)
Profit on disposal oftangible fixed assets				(8,992)	(5,691)
				577,336	162,186
Working capital adjustments
(Increase)/decrease in stocks			17	(26,279)	21,422
Increase in debtors			18	(408,750)	(20,599)
(Decrease)/increase in creditors			20,21	(585,188)	150,802
Increase in deferred income			21	125,202	76,898
Net cash flows from operating activities				(317,679)	390,709
Cash flows from investing activities
Interest receivable and similar income				22	17
Purchase oftangible fixed assets			15	(44,025)	(215,487)
Sale oftangible fixed assets				9,000	6,000
Transfer oftangible assets at net book value				(62,553)
Net cash flows from investing activities				(97,556)	(209,470)
Cash flows from financing activities
Repayment ofloans and borrowings			20,21	376,557	(84,951)
Net (decrease)/increase in cash and cash equivalents				(38,678)	96,288
Cash and cash equivalents at 1January				288,783	192,495
Cash and cash equivalents at 31December				250,105	288,783
All ofthe cash flows are derived from continuing		operations	during the above two periods.

estimated resi	dual value, over their expected	useful economic life as follows:
Asset class		Depreciation method		and rate
Museum		20to 50years straight		line
Infrastructure	and buildings	20to 50years straight		line
Office fixtures	and equipment	5to10years straight	line
Rolling Stock		10to 50years straight		line
Plant and machinery		10to 50years straight		line

				Unrestricted
				funds	Restricted	Total	Total
				General	funds	2020	2019
				E	f	E	E
Donations and		legacies;
Donations	from		companies,
trusts and	similar proceeds			680,782	189,329	870,111	29,773
Donations	from		individuals	174,632		174,632	53,084
Legacies				51,000		51,000	111,371
Grants, including			capital grants;
Government		grants		1,164,750		1,164,750	98,559
				2,071,164	189,329	2,260,493	292,787

6 Other inco	me
		Unrestricted
		funds	Total	Total
		General	2020	2019
		E	E	E
Pub sales		290,991	290,991	828,682
Refreshments	and catering	157,636	157,636	1,103,662
Shops and stalls		4,570	4,570	66,945
Fares and charters		243,762	243,762	1,003,654
Santa events		92,759	92,759	809,149
Footplate experience		12,112	12,112	96,880
Other rolling stock income		9,659	9,659	58,209
Miscellaneous	income	136,267	136,267	61,904
Hire oflocomotives				50,870
Rental income		31,093	31,093	24,871
		978,849	978,849	4,104,826

				Unrestdcted
				funds	Total		Total
				General	2020		2019
			Note	E	E		E
Wages - generating	funds			44,523	44,523		45,444
Computer software	and maintenance	costs		1,239	1,239
Printing, postage and stationery				675		675
Trade subscriptions				900		900
				47,337	47,337		45,444

		Unrestricted
		funds	Total	Total
		General	2020	2019
		f	E
Opening stock		73,443	73,443	94,865
Materials		66,071	66,071	199,895
Pub purchases		154,712	154,712	463,209
Refreshments and catering		80,902	80,902	442,644
Shops and stalls		101,597	101,597	40,000
Special events		56,118	56,118	338,494
Footplate experience		1,099	1,099	12,349
Closing stock		(99,722)	(99,722)	(73,443)
Wages and salaries		870,056	870,056	898,956
Commissions payable		59,029	59,029	82,497
Line operating charges		102,989	102,989	299,346
Rent and rates		31,746	31,746	48,324
Light, heat and power		63,774	63,774	87,992
Repairs and maintenance		108,257	108,257	114,360
Telephone and fax		15,313	15,313	13,499
Computer software and maintenance	costs	9,169	9,169	12,330
Printing, postage and stationery		8,684	8,684	20,038
Courier services		1,909	1,909	4,837
Trade subscriptions		2333	2,333	4,551
Equipment hire		12,471	12,471	12,497
Sundry expenses		29,514	29,514	50,642
Laundry and cleaning		22,640	22,640	39,673
Travel and subsistence		8,266	8,266	14,148
Promotional expenses		53,891	53,891	100,436
		1,834,261	1,834,261	3,322,139

8 Expenditu	re on charitab	le activi	ties
				Unrestricted
				funds	Total	Total
				General	2020	2019
			Note		6	E
Education				31,413	31,413	32,927
Restoration	and repair			364,706	364,706	504,712
Depreciation,	amortisation	and
other similar	costs			203,493	203,493	197,011
Staff costs				179,339	179,339	153,445
Governance	costs			229,080	229,080	209,944
				1,008,031	1,008,031	1,098,039

	Unrestricted
	funds	Total	Total
	General	2020	2019
	6	E	E
Audit fees
Audit ofthe financial statements	9,692	9,692	5,000
Other fees paid to auditors	2,950	2,950	6,350
Legalfees	24,866	24,866	17,618
Insurance	94,838	94,838	101,862
Security costs	73,774	73,774	35,495
Bank charges	12,195	12,195	24,103
Bank interest payable	83	83	475
Bank loan interest payable	10,682	10,682	19,041
	229,080	229,080	209,944

		2020	2019
		6	6
Audit fees		9,692	5,000
Profit on disposal oftangible fixed assets		(8,992)	(5,691)
Depreciation	offixed assets	212,485	202,702

12Staff costs The aggregate payroll costs were as follows:
	2020	2019
	6	6
Staff costs during the year were:
Wages and salaries	1,402,205	1,399,825
Pension costs	51,725	72,316
	1,453,930	1,472,141

13Auditors' remuneration
	2020	2019
	f	6
Audit ofthe financial statements	9,692	5,000
Other fees to auditors
All other non-audit services	2,950	6,350

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Shares in group undertakings and	participating interes	ts
			Subsidiary
			undertakings	Total
			6	6
Cost
Additions
At 31December 2020
Net book value
At 31December 2020
17Stock
	Group		Charity
	2020	2019	2020	2019
	6	6		6
Stocks	99,722	73,443		73,443
18Debtors
	Group		Charity
	2020	2019	2020	2019
	6	6	f
Trade debtors	49,718	36,697		36,697
Pre payments	26	46,327		46,327
Other debtors	564,213	122,183	520,106	122,183
	613,957	205,207	520,106	205,207
19Cash and cash equivalents
	Group		Charity
	2020	2019	2020	2019
	f	f	6	6
Cash on hand	8,433	12,720		12,720
Cash at bank	241,672	276,063	241,672	276,063
	250,105	288,783	241,672	288,783

20 Creditors: amounts	falling due within one year
	Group		Charity
	2020	2019	2020	2019
	6	6	6	g
Bank loans	59,096	57,624	59,096	57,624
Trade creditors	428,146	441,863		441,863
Other loans	56,515	3,182	53,333	3,182
Due to group undertakings		668,981	379,309	668,981
Other taxation and social
security	31,501	48,010	31,502	48,010
Other creditors	15,091	11,352	13,519	11,352
Accruals	217,709	107,429	4,000	107,429
Deferred income	543,657	343,455		343,455
	1,351,715	1,681,896	540,759	1,681,896
21Creditors: amounts	falling due after one year
	Group		Charity
	2020	2019	2020	2019
	6	g	6	f
Bankloans	157,462		157,462
Otherloans	346,667	182,377	346,667	182,377
Deferred income	3,057,135	3,132,135	3,057,135	3,132,135
	3,561,264	3,314,512	3,561,264	3,314,512

Group
						Balance at 31
			Balance at 1	Incoming	Resources	December
			January 2020 f	resources f	expended f	2020 f
Unrestricted		funds
General
General	Funds		591,616	3,004,635	(2,820,099)	776,152
Restricted	funds
Education				62,553		62,553
Aquisition		of rolling stock		126,776		126,776
				189,329		189,329
Total funds			591,616	3,193,964	(2,820,099)	965,481
Charity
						Balance at 31
			Balance at 1	Incoming	Resources	December
			January 2020	resources	expended	2020
				f	f	f
Unrestricted		funds
General
General	Funds		591,616	2,582,365	(1,822,610)	1,351,371
Restricted	funds
Education				62,553		62,553
Aquisition		ofrolling stock		126,776		126,776
				189,329		189,329
Totalfunds			591,616	2,771,694	(1,822,610)	1,540,700

Group
			Unrestricted		Total funds at
			funds	Restricted	31December
			General	funds	2020
			f	6	6
Tangible		fixed assets	4,725,347	189,329	4,914,676
Current		assets	963,784		963,784
Current		liabilities	(1,351,715)		(1,351,715)
Creditors over 1year			(3,561,264)		(3,561,264)
Total net assets			776,152	189,329	965,481
				Unrestricted	Total funds at
				funds	31December
				General	2019
				f	6
Tangible		fixed assets		5,020,591	5,020,591
Current		assets		567,433	567,433
Current		liabilities		(1,681,896)	(1,681,896)
Creditors		over 1year		(3,314,512)	(3,314,512)
Total net assets				591,616	591,616
Charity
			Unrestricted		Total funds at
			funds	Restdicted	31December
			General	funds	2020
					6
Tangible		fixed assets	4,691,615	189,329	4,880,944
Fixed asset investments			1		1
Current	assets		761,778		761,778
Current	liabilities		(540,759)		(540,759)
Creditors		over 1year	(3,561,264)		(3,561,264)
Total net		assets	1,351,371	189,329	1,540,700

FOR T	HE YEAR ENDED 31DECEMBE	R 2020
		Unrestricted	Tota Ifunds at
		funds	31December
		General	2019
		6	f
Tangible	fixed assets	5,020,591	5,020,591
Current	assets	567,433	567,433
Current	liabilities	(1,681,896)	(1,681,896)
Creditors	over 1year	(3,314,512)	(3,314,512)
Total net assets		591,616	591,616

			At 31
At	1January	Financing	December
	2020	cash flows	2020
		6	6
	288,783	(38,678)	250,105
	288,783	(38,678)	250,105
			At 31
At	1January	Financing	December
	2019	cash flows	2019
		6	f
	192,495	96,288	288,783
	192,495	96,288	288,783