2021-03-31-accounts

COVi TE	NTS
				Page
Company	information
Directors'	report			2-4
Independent examiners'			report
Statement	offinancial		activities
Balance sheet
Notes to	the financial	statements		8-13

for the vear ended	for the vear ended
31tkIARCB 2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
Notes
	INCOME FROWI:
	Donations:
	Subscriptions and donations		68,368	2,117	70,485	27,843
	Donations from GMTS (Sales) Limited		12,472		12,472	15,243
	Gift Aid tax reclaimed		5,340		5,340	5,521
	Charitable activities:
	Door takings		2,570		2,570	30,181
	Event income					11,902
	Vehicle rental income		8,640		8,640	9, 120
	Miscellaneous income		1,905		1,905	1,849
	Use ofvehicles and	facilities				475
2	Investments		967		967	1,268
	Total income		100,262	2,117	102,379	103,402
	EXPE&l3ITURE OV:
	Charitable activities		53,088	3,473	56,561	107,432
	Governance costs		1,700		1,700	837
3	Total expenditure		54,788	3,473	58,761	108,264
	liiet movement in funds		45,474	(1,356)	44,118	(4,862)
	Reconciliation offunds:
	Total funds brought	forward	184,845	23,670	208,515	213,377
	Total funds carried	forward	230,319	22,314	257,633	208,515

						2021	2020
Notes							g
	Fixed assets
6	Tangible assets					13,355	16,141
7	Investments					1,000	1,000
						14,355	17,141
	Current assets
8	Stocks					11,239
	Debtors					5,340	5,521
	Cash at bank and in		hand			230,216	200,941
						246,795	206,462
9	Creditors:	amounts	becoming	due and payable	within one year	(8,517)	(15,088)
	iVet current	assets				238,278	191,374
	Net assets					252,633	208,515
	Funds
10	General funds —unrestricted					230,319	184,845
11	Restricted funds					22,314	23,670
	Total funds					252,633	208,515

2	Income from investments					2021		2020
						6
	Bank interest receivable					965		1,766
	Other interest receivable					2		2
						967		1,268
3	Expenditure on charitable		activities
					Charitable	Governance	2021	2020
				Basis	activities	costs	Total	Total
						6
	Costs directly allocated	to	activities:
	Festival and rally			Direct				3,363
	Publicity and education			Direct	1,0SS		1,088	3,470
	Visitor facilities			Direct	2,864		2,864	3,141
	Vehicle expenses and cost
	ofrestoration			Direct	12,902		12,907	37,811
	Acquisition ofobjects for the
	Museum			Direct	2,668		2,668	4,502
	Support costs allocated	to	activities:
	Journal and membership	expenses		Direct	5,782		5,782	5,234
	Rates			Floor				(5,548)
	Insurance			Usage	5,203		5 'i03	5,557
	Buildin @~Equipment maintenance			Floor	12,276		12,276	26,130
	Administrative and running		costs	Usage	5,200	1,700	6,900	14,083
	Health and safety			Direct	1,257		1,257	306
	Telephone, postage and stationery
	and office equipment			Usage	2,577		2,577	3,721
	Card collection charges			Direct				254
	Miscellaneous expenses			Direct	711		711	437
	Depreciation			Direct	4,033		4,033	5,803
					56,561	1,700	58,261	108,264

	F54,788(202	0:f97,177)ofthe above costs were attributable t	o unrestricted funds.
4	Net income	(expenditure) for the year	2021	2020
			g	g
	This is stated	after charging:
	Depreciation	oftangible fixed assets	4,033	5,803
	Independent	examiner's remuneration	1,700	832

			Plant and	Computer
6	Tangible fired assets		equipment	equipment	Total
	Cost:
	At 1 April 2020		48,347	12,509	60,856
	Transfers from GMTS (Sales) Limited		11,590		11,590
	At 31March 2021		59,937	12,509	72,446
	Depreciation:
	At 1 April 2020 April		34,755	9,960	44,715
	Charge for the year		3,396	637	4,033
	Transfers from GMTS (Sales) Limited		10,343		10,343
	At 31March 2021		48,494	10,597	59,091
	Net book amount	at:
	31March 2021		11,443	1,912	13,355
	1 202		13,592	2,549	16,141
				2021	2020
7	Investments
	G.M.T.S.(Sales)	Limited		1,000	1,000

										2071	2070
	Profit and loss account
	Turnover									7,143	51,966
	Cost ofsales									(3,239)	(25,316)
	Gross profit									3,904	26,680
	Administrative expenses									(6,851)	(11,437)
	Gift Aid	donation	to Great Manchester			Transport	Society			(12,472)	(15,243)
	Net loss									(15,419)
8	Debtors									2021	2020
	Other debtors									5,340	5,521
										2021	2070
9	Creditors: amounts			becoming	due and payable		within	one	year	f.
	Trade creditors										4,939
	Amount	due to subsidiary								1,000	6,639
	Accruals									1,680	820
	Deferred	income								5,837	2,690
										8,517	15,088
										2021	2020
10	Unrestricted funds
	Balance	at 1 April	2020							184,845	185,214
	Surplus	(Deficit) for the year								45,474	(369)
	Balance	at 31March		2021						230,319	184,845
									84	185	436
1 1	Restricted funds						Total		Fund	Fund	Fund
	Balance	at 1 April	2020				23,670		600	536	16,228
	Amounts	received	in the year				2,117				117
	Amounts	expended		m the year			(3,473)				(305)
	Balance	at 31March		2021			22,314		600	536	16,040

								Golden
				235	368	Museum	55	Key
				Fund	Fund	Fund	Fund	Fund
				E
Balance	at	1 April	2020	500	1,818	3,000	270	718
Amounts	received		in the year					2,000
Amounts	expended		in the year	(500)				(2,668)
Balance	at	31March 2021			1,818	3,000	270	50

Analysis	ofnet assets between	funds		2021		2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			f
Tangible	fixed assets		14,355		14,355	17,141
Current	assets		224,481	22,314	246,795	206,462
Current	liabilities		(8,517)		(8,517)	(15,088)
			230,319	22,314	257,633	208,515