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|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|
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|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|
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|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|
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||||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|
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|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|
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|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|
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|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|
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|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||||
##
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|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|
##
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|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|
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