2022-03-31-accounts

	Page
Reference and administrative details ofthe charity, its trustees and advisers
Trustees' report	2-7
Independent examiner's report
Statement offinancial activities
Balance sheet	IO
Statement ofcash flows
Notes to the financial statements	I2- 22

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
	Note	f.
INCOME FROM:
Donations and legacies		13,347	326	13,673	22,606
Charitable activities		56,279	600	56,879	135,677
Other trading activities		&6,208		66,208	5,441
Investments		163		163	194
TOTAL INCOME		135,997		136,923	163,918
EXPENDITURE ON:
Charitable activities	9,8	148,807	132,718	281,525	428,644
TOTAL EXPENDITURE		148,807	132,718	281,525	428,644
NET EXPENDITURE BEFORETRANSFERS		(12,810)	(131,792)	(144,602)	(264,726)
Transfers between Funds	l7	149,381	(149,381)
NET INCOME I(EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS AND
LOSSES		136,571	(281,173)	(144,602)	(264,726)
NET MOVEMENT IN FUNDS		136,571	(281,173)	(144,602)	(264,726)
RECONCILIATION OF FUNDS:
Total funds brought forward		(358,269)	3,508,058	3,149,789	3,414,515
TOTAL FUNDS CARRIED FORWARD		(221,698)	3,226,885	3,005,187	3,149,789

	REGISTERED NUMBER: 0I850	REGISTERED NUMBER: 0I850	832
	BALANCE SHEET
	AS AT 3I MARCH 2022
			2022		202I
	Note
FIXEDASSETS
Tangible assets	l2		3,I4&,0I5		3,298,833
CURRENT ASSETS
Stocks	l3	4,051
Debtors	I4	I5,388		5,668
Cash at bank and in hand		I I7,594		l27,439
		I37,033		l33,I07
CREDITORS: amounts	falling due within one
year	l5	(40, I93)		(3/,584)
NET CURRENT ASSETS			96,840		IOI,523
TOTAL ASSETSLESSCURRENT LIABILITIES			3,244,&55		3,400,356
CREDITORS: amounts	falling due after more
than one year	l6		(239,66&)		(250,567)
NET ASSETS			3,005, I&7		3,I49,789
CHARITY FUNDS
Restricted funds	l7		3,226,885		3,508,058
Unrestricted funds	l7		(22I,69&)		(358,269)
TOTAL FUNDS			3,005,I&7		3,I49,789

FOR	TH	E YEAR ENDED 3I	lvlARCH 202	2
				2022	202 I
			Note	f.
Cash flows from operating activities
Net cash provided by operating activities			l8	4,002	60,803
Cash flows from investing activities:
Dividends, interest and rents from investments				I0,853	5,635
Proceeds from the sale oftangible fixed assets Purchase oftangible fixed assets				3,0I7 (6,050)	(I9,094)
Net cash provided by/(used in) investing		activities		7,820	(I3,459)
Cash flows from financing activities:
Repayments of borrowings				(2I,667)	(I2,90I)
Net cash used in financing activities				(2I,667)	(I2,90I)
Change in cash and cash equivalents	in the year			(9,845)	34,443
Cash and cash equivalents brought forward				127,439	92,996
Cash and cash equivalents carried forward			l9	I I7,594	/27,439
The notes on pages l2 to 22 form part ofthese financial statements.

Freehold	property		2% reducing	balance
Long-term	leasehold	property	2% reducing	balance
Plant and	machinery		I5% reducing	balance
Track and	Rolling Stock		l0% reducing	balance
Light Railway Order			2% reducing	balance

	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2022	2022	2022	202I
		IE		iE
Donations Other incoming resources	8,863 4,484	326	9,I89 4,484	I6,894 5,7I2
Total 202 I	19,606	3,000	22,606

INC	OME FROM CHARITA	BLE ACTIVITIES
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	202I
Grant	income	56,279	600	56,879	I35,677
Total	202I	l34,939	738	l35,677

Analysis of	incoming	resources
					2022		202 I
					IE
Eden District	Council			10,6&7		8,335
Government	grants (COVID recovery)					77,204
Heritage Lottery Fund -		Emergency	funding	41,530		49,400
HLF Catalyst	Endowment	Fund		600		738
North West	Water			3,500
Karbon Fund				5&2
					56,879		l35,677

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2022	2022	2022	202 I
				f.
Charity trading income
Rental income			4,963		4 963	455
Feed-in tariff			5,726		5,726	4,986
Shop ticket and other	sales		55,5I8		55,5I8
Subtotal			66,207		66,207	5,44I
Other charity trading	income
			66,208		66,208	5,44I
Net income from trading		activities	66,208		66,208	5,44I

INV	ESTMENT INCOME
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	202 I
				f.
Bank	interest	I63		l63	l94
Total	202 I	I94		l94

DIRECT COS	T	S
						Train	Total	Total
				Fundraising	Infrastructure	operation E.	2022 f.	202 If
Track and station		maintenance			7,226		7,226	6,677
Repairs to locomotives						1,159	1,159	I7,9I6
Repairs to rolling Site maintenance		stock			7,860	598	598 7,860	2,6I3 24,664
Health and safety					3,508		3,508	552
Publicity								l,755
Sundry operating		costs			119	I,'739	I,&58	3,324
Coal and diesel						4,801	4,801	l,202
South Tynedale	Railway		Limited
loan write off					1			5,467
Depreciation					153,852		153,852	306,608
					172,565	8,297	I&0,862	370,778
Total 202I				l,755	340,627	28,396	370,778
SUPPORT COSTS
						Train	Total	Total
					Infrastructur e f	oper ation	2022	202 If
Marketing						9,116	9,116	230
Telephone						1,2&5	1,285	832
Office costs						3,122	3,122	2,834
Premises expenses					30,238	39	30,277	l3,75I
Insurance Sundry and other		costs			14,913	3,724	14,913 3,724	8,354 2,679
Legal and professional						17,871	17,&71	I7,099
Finance costs					7,008		7,008	5,662
					52,159	35,157	87,316	5I,44I
Total 202I					25,304	26,I37	5l,44I

GOVERNANCE COSTS
	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2022	2022	2022	202I
Accountancy	Il,908		II,908	5,690
Bank charges	1,439		l,439	735
	13,347		I3,347	6,425

					Depreciation	Other costs	Total	Total
					2022	2022	2022	202I
	Fundraising							l,755
	Infrastructure				I53,852	70,872	224,724	365,93l
	Train operation					43,454	43,454	54,533
	Charitable	activities			I53,852	I I4,326	268,I78	422,2l9
	Expenditure		on governance			I3,347	I3,347	6,425
					I53,852	I27,673	28I,525	428,644
	Total 202 l				306,608	l22,036	428,644
IO.	NET INCOME/(EXPENDITURE)
	This is stated	after charging:
							2022	202l
	Depreciation	oftangible		fixed assets:
	- owned		by the	charity			I55,6I8	2l2,850

12.	TANGIBLE FIXED	ASSETS
			Long-term		Track and	Light
		Freehold	leasehold	Plant and	rolling	Rallvvay
		property	property	machinery	stock	Order	Total
		f.		f.
	Cost
	At I April 2021	2,421,061	124,611	175,697	2,381,175	11,074	5,113,618
	Additions			6,050			6,050
	Disposals			(2,500)	(1,270)		(3,770)
	At 31 March 2022	2,421,061	124,611	179,247	2,379,905	11,074	5,115,898
	Depreciation
	At I April 202 I Charge for the year	2?4,162 40,533	101,498 462	152,976 3,624	1,281,298 110,875	4,851 124	1,814,785 155,618
	On disposals			(1,250)	(1,270)		(2,520)
	At 31 March 2022	314,695	101,960	155,350	1,390,903	4,975	1,967,883
	Net book value
	At 31 March 2022	2,106,366	22,651	23,897	989,002	6,099	3,148,015
	At3I Narch 202I	2,I46,899	23,II3	22,72 I	l,099,877	6,223	3,298,833
13.	STOCKS
						2022	202 I
	Stock					4,051
14.	DEBTORS
						2022	202 I
	Trade debtors					15,388
	VAT repayable						5,668
						15,388	5,668

CREDITORS:	Amounts falling due within one year
		2022	202 I
Bank loans and Trade creditors Other taxation	overdrafts and social security	9,539 Il,467 I2,078	I3,297 479
Accruals and deferred income		7,I09	I7,808
		40,I93	3I,584

CREDITORS	: Amounts falling due	after more than one year
			2022	202 I
			f.
Bank loans			239,668	250,567
included within	the above are amounts	falling due as follows:
			2022	202 If
Between one	and two years
Bank loans			9,522	I3,296
Between two	and five years
Bank loans			230,I46	237,27I

STATEMEN	T OF FUNDS -	CURRENT YEAR
						Balance at
		Balance at I			Transfers	3I March
		April 202 I	Income	Expenditure	in/out	2022
Unrestricted	funds
General Fund		(358,269)	I35,997	( I4&,807)	I49,3&I	(22I,698)
Restricted funds
Restricted funds		3,508,058	926	(I32,7I8)	(149,3& I)	3,226,885
Total offunds		3, I49,789	I36,923	(281,525)		3,005,I&7

STATE	MENT OF FUNDS -PRIOR	YEAR
		Balance at			Balance at 3/
		I Apr//2020f	income E	Expenditure E	A1orch 202 I
General	funds
General	Fund	(89,805)	/60, /80	(428,644)	(358,269)
Restricted funds
Restricted funds		3,504,320	3,738		3,508,058
Total of	funds	3,4/4,5/5	/63,9I8	(428,644)	3,/49, 789

						Balance at
		Balance at I			Transfers	3I March
		April 202 I f	Income f.	Expenditure	in/out	2022
General funds Restricted funds		(358,269) 3,508,058	I35,997 926	( I48,807) ( I32,7I 8)	I49,3&I (I49,38I)	(221,698) 3,226,885
		3, I 49,789	I36,923	(28I,525)		3,005,I&7

				Balance at			Balance at 3I
			I	April 2020	Income	Expenditure	March 202 I
							f
General funds Restricted funds				(89,805) 3,504,320	l60,/80 3,738	(428,644)	(358,269) 3,508,058
				3,4I4,5I5	I63,9I8	(428,644)	3,I49,789

				2022	202 I
	Net expenditure for	the year (as per Statement of Financial Activities)		(144,602)	(264,726)
	Adjustment for:
	Depreciation charges			155,&18	2/2,850
	Dividends, interest and rents from investments Impairment offreehold assets			(10,853)	(5,635) 93,758
	Increase in stocks (Increase)/decrease Increase in creditors	in debtors		(4,051) (9,720) 12,368	2,I I I /6, 783
	Interest paid Profit on disposal of	assets		7,008 (1,766)	5,662
	Net cash provided	by operating	activities	4,002	60,803
19.	ANALYSIS OF CASH AND CASH EQUIVALENTS
				2022	202I
	Cash in hand			117,594	I27,439
	Total			117,594	l27,439