2020-12-31-accounts

Board ofTrustees Report		3-8
Statement ofTrustees' Responsibilities
Statement as to disclosure of information	to Auditors
Independent Auditors' Report to the Trustees		10-I I
The Financial Statements 2020		12- I5
Notes to the Financial Statements		I6-27

Incor orati	n	a r	ou inco	me and ex	enditure acco	unt
							2020	2019
					Restricted	Unrestricted	Total	Total
				Notes	Funds	Funds	Funds	Funds
Income and	endowments
from
Donations and		legacies			179,826	161,019	340,845	131,183
Charitable activities						159,864	159,864	405,911
Other trading		activities				148,236	148,236	259,019
Investments						22	22	1,317
Total					179,826	469,141	648,967	797,430
Expenditure		on:
Raising funds						133,140	133,140	336,673
Charitable Activities					216,362	220,436	436,798	475,434
Total					216,362	353,576	569,938	812,107
Net income	/
(expenditure)					(36,536)	115,565	79,029	(14,677)
Transfers between			funds
Net movement		in funds			(36,536)	115,565	79,029	(14,677)
Reconciliation		offunds
Total Funds	Brought
Forward					374,842	654,723	1,029,565	1,044,242
Total Funds	Carried
Forward					338,306	770,288	1,108,594	1,029,565

AT 31s~ DECEMBER2	020
			2020	2019
		Notes
FIXEDASSETS
Tangible Assets			806,876	848,470
CURRENT ASSETS
Stock for resale			24,934	21,876
Debtors			11,262	24,971
Cash at Bank and in hand			376,552	224,949
			412,748	271,796
CREDITORS: amounts	falling due
within one year		10	64,694	88,532
Net Current Assets			348,054	183,264
CREDITORS: amounts	falling due after	11	44,167
more than one year
Provision for liabilities		12	(2,169)	(2,169)
Total Assets less Current	Liabilities		1,108,594	1,029,565
FUNDS
Restricted Funds			338,306	374,842
Unrestricted Funds			770,288	654,723
		15	1,108,594	1,029,565

CONSOLIDATED CASH FLOW STA AT 31sT DECEMBER2020	TEMENT
		2020	2019
Net income/(expenditure) for the year		79,029	(14,677)
Adjustments for:
Depreciation charges		41,595	48,804
Deferred tax charge for the year
Dividends, interest and rents from investments		(22)	(1,317)
Loss/(profit) on sale offixed assets
(Increase)/decrease in stock		(3,058)	(7,276)
(Increase)/decrease in debtors		13,709	12,068
Increase/(decrease) in creditors		29,672	8,621
Net cash provided by/(used in) operating	activities	101,581	28,981
Cash flows from investing activities:
Dividends, interest and rents from investments		22	1,317
Proceeds from sale ofproperty, plant and equipment
Purchase ofproperty, plant and equipment			5,512
Net cash provided by/(used in) investing	activities	22	4,195
Cash flows from financing activities:
Repayments ofborrowing
Cash inflow from new borrowing		50,000
Receipt ofendowment
Net cash provided by/(used in) financing	activities	50,000
Change in cash and cash equivalents in	year	151,603	24,786
Cash and cash equivalents at the beginning	ofthe year	224,949	200,163
Cash and cash equivalents at the end of	the year	376,552	224,949
Analysis ofcash and cash equivalents:
Cash in hand		376,552	224,949
Notice deposits (less than three months)
Overdraft facility repayable on demand
Total cash and cash equivalents		376,552	224,949

			2020	2019
		Notes
FIXEDASSETS
Tangible Assets			756,564	792,426
Investments			2	2
			756,566	792,428
CURRENT ASSETS
Debtors			128,077	148,015
Cash at Bank and in hand			299,197	188,758
			427,274	336,773
CREDITORS: amounts	falling due
within one year		10	54,498	79,401
Net Current Assets			372,777	257,372
Total Assets less Current	Liabilities		1,129,342	1,049,800
FUNDS
Restricted Funds			338,306	374,843
Unrestricted Funds			791,036	674,957
			1,129,342	1,049,800

			2020	2019
Donations	and	legacies
Grants			269,056	20,500
Donations			71 789	110.683
			340 846	1~1~1

Charitable Activities	Charitable Activities	2020	2019
Museum Entrance Fees		15+M4	49~45 11
Other trading activities		2020	2019
Shop and restaurant	income	113,922	221,368
Membership fees		31,642	36,392
Lettings		1,070
Other income		1 602	1.259
		148236	259.019
Investment income
Bank interest		22	I 317

3. EXPENDITURE
		2020	2019
Costs ofraising funds
Expenditure on retail activities		108,057	275,083
Marketing costs		18,707	47,413
Governance and support costs		6376	14.177
		~13 140	~33 673
Charitable Activities
Salaries		195,206	223,977
Site Services		37,370	43,828
Event costs		2,103	15,444
Governance and support costs		44,038	44,227
Other costs (a)		158081	147,958
		4~6.~7	~45 434
Governance and support costs
General office costs		23,135	27,105
Statutory audit fees		6,000	6,000
Irrecoverable VAT on audit fees		700	700
Legal and other professional fees		6,448	14,533
Bank and finance charges		14 132	10.066
		~41	58404
4. NET INCOMING/(OUTGOING)	RESOURCES
		2020	2019
Net resources are stated after charging/(crediting):
Depreciation offixed assets		41,594	48,802
Auditor's remuneration		6000	6000

6. STAFF COSTS
	2020	2019
Wages and salaries	245,128	332,390
Social security costs	9080	13.277
	~2542 8	~345	tQ
The average weekly number ofemployees	during the year was as follows:-
Office and administration	12		10
Retail activities	6		7
Directors	1		1
	19		Al

Group	Plant and	Display	Site
	Machinery	Buildings	Improvements	Total
Cost
At 1"January 2020	274,096	1,259,505	602,900	2,136,501
Additions
On disposal s At 31"December 2020	274,096	1,259,505	602,900	2,136,501
Depreciation
At 1"January 2020	212,852	919,665	155,514	1,288,031
Charge for year	7,033	22,503	12,058	41,594
On disposals
At 31"December 2020	219,885	942,168	167,572	1,329,625
Net BookValue
At 31"December 2020	54,211	317,337	435,328	806,876
At 31"December 2019	61,244	339,840	447,386	848,470
	Plant and	Display	Site	Total
Company	Machinery	Buildings	Improvements
Cost
At 1"January 2020	56,932	1,259,505	602,900	1,919,337
Additions
Disposals
At 31"December 2020	56,932	1,259,505	602,900	1,919,337
Depreciation
At 1"January 2020	51,732	919,665	155,514	1,126,911
Charge for year	1,301	22,503	12,058	35,861
On disposals
At 31"December 2020	53,033	942,168	167,572	1,162,773
Net BookValue
At 31"December 2020	3,899	317,337	435,328	756,564
At 31"December 2019	5,200	339,840	447,386	792,426

Group 2020	2019	Company 2020 '	2019

9.DEBTORS
		Group		Company
		2020	2019	2020	2019
Trade Debtors		3,416	1,978	2,356	1,366
Other Debtors		7,846	22,993	7,846	22,967
Due by subsidiary	undertaking			117,875	123,682
		11,262	24,971	128,077	148,015

10.CREDITORS: am	ounts falling due	within one year
		Group		Company
		2020	2019	2020	2019
Bank loans		5,833
Trade Creditors		15,123	39,296	14,030	26,329
Other taxes and social	security	4,999	4,425	3,229	3,952
Other creditors		32,731	1,452	32,731	1,452
Accruals and deferred	income	6,008	43,359	4,508	47,668
		64,694	88,532	54,498	79,401

11.C	RED	ITORS: amounts falling due	after more than one ye	ar
			Group		Company
			2020	2019	2020	2019
Bank	loans	1-2years	10,000
Bank	loans	2-5 years	30,000
Bank	loans	more than 5 years	4,167
			44,167

14.ANALYSIS OF GROUP N	ET ASSETSBET	WEEN FUNDS
			2020	2019
	Unrestricted	Restricted	Total	Total
	Funds	Funds	Funds	Funds
Fixed Assets	590,208	216,668	806,876	848,470
Current Assets	291,110	121,638	412,748	271,796
Current Liabilities Long term liabilities	(64,694) 46,336		(64,694) 46,336	(88,532) ~2,]69
	770,288	338,306	1,108,594	1,029,565
15. MOVEMENT IN FUNDS
			Net
		At	Movement	At
		01.01.2020	in Funds	31.12.2020
Unrestricted Funds
General Fund		622,966	147,325	770,288
Designated funds		31,760	(31,760)
Restricted funds		374,842	36,536	338,306
		1,029,565	79,029	1,108,594

15. MOVEMEN	T	IN	FUNDS	(cont.)
					2020	2019
Restricted Funds
De Witt Kilns Fund					205,636	221,525
Radio Fund					70,863	70,863
Print Fund					675	779
Standard Rail Fund					5,689	5,689
Historic England	Grant				4,674	10,951
South East Museum		Development		Grant		4,770
Rail Hall					4,693	4,693
Volunteer Co-ordinator			Fund		12,180	18,352
Tesco Bags ofHelp					1,850	1,850
Ernest Cook Fund						8
STEAM						7,752
Rack Saw Bench	Fund				2,400	2,400
Paviours						1,000
Bus Preservation						60
Family Art						1,000
Peter Fund					2,398	17,257
STEAM						5,893
Historic England	Grant				18,478
South Downs National			Park		8,770
					338,306	374,842