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||Page|
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|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|
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|||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|
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|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.||||||
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|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|
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||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|
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||||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||
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|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||
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|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|
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|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|
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|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|
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|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|
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|||||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|
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