2021-12-31-accounts - The Kidderminster Railway Museum Trust Limited

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		Pave
Legal &administrative information
Trustees' Annual Report
Independent Examiners Report		6-7
Consolidated statement ol' 1inancial	activities
Consolidated and charity balance sheets
Notes forming part ofthe financial	statements	10-17
For the information ofthe Directors	and Trustees only:
Detailed trading and profit and loss	accounts

			Unrestricted	Restricted
			Funds	Funds	2021	2020
		Notes			f.
Incoming Resources
Donations and Legacies		2&3	9,907		9,907	7,175
Rent Received			8,902		8,902	5,195
Cafd Income			36,566		36,566	10,670
Hire ofPremises			3,485		3,485	668
Grants and Other Income			8,335		8,335	11,334
Arts Council grant			13,318		13,318
Transition Book Commission	Income	13
Bank Interest Received		5	391		391.	120
Total Incoming Resources			80,904		80,904	35,162
Resources Expended
Direct Charitable Expenditure:
Exhibition Costs and Loss on	Sales
Property Improvements
Museum Overheads			39,786		39,786	12,426
			39,786		39,786	12,246
Other Expenditure
Management &Administration			25,232		25732	23,333
Total Resources Expended		6	65,019		65,019	35,759
Net incoming Resources			15,886		15,886	(597)
Fund Balances Brought Forward
1stJanuary 2021			218,804	212,555	471,561	472,]58
Fund Balances Carried Forward
31stDecember 2021			234,690	212,555	487,447	471,561

				2021	2020
			Note	f	f
FIXEDASSETS:
Tangible assets			10	257,342	258,409
Intangible assets			11
				257,342	258,409
CURRENT ASSETS:
Stocks				5,725	6,151
Debtors due within	one year		12	8,828	11,454
Short term deposits
Cash at Bank & in Hand				246,318	222,920
				260,871	240,525
CREDITORS: amounts		falling due within one year	13	(30,766)	(27,373)
NKT CURRENT ASSETS/(LIABILITIES)				230,105	213,152
TOTAL ASSETSLESSCURRENT LIABILITIES				487,447	471,561
CREDITORS: amounts		faihng due after more than one year	14
NET ASSETS/(LIABILITIES)				487,447	471,561
FUNDS:
Unrestricted Funds
General Funds				274,892	259,006
Designated Funds
				274,892	259,006
Restricted Funds				212,555	212,555
TOTAL FUNDS			17	487347	471,561

	THE KIDDKRMINSTER	THE KIDDKRMINSTER	THE KIDDKRMINSTER	THE KIDDKRMINSTER	RAILN AY MUSEUM TRUST LIMITED	RAILN AY MUSEUM TRUST LIMITED	RAILN AY MUSEUM TRUST LIMITED
		A COMPANY			LIMITED BY	GUARANTEE
	NOTES FORMING PART OF THE FINANCIAL					STATEMENTS	CONTINUED
	FOR THK YEAR ENDED 31stDECEMBER2021
2	Donations and Gifts						2021	2020
	Individuals						9,907	7, 175
	Charitable Foundations
	Bequest Donations received (non-restricted)
	Corporate Donors
	Gifts in Kind
							9,907	39,096
3	Legacies
	The charity had no legacies		during	the year.
4	Merchandising Income and Costs						2021	2020
	Merchandising Income						56.895	15,940
	Cost ofSales						n0 So9	5,270
	Administrative Expenses						25,057	17,488
	Merchandising Expenses						45.386	22,758
	Surplus						11.509	(6.818)
5	Investment Income						2021	2020
								I:
	Interest Receivable						391	120
	Dividends Reccirable	from	I-quity Shares
	Dividends Reccoable	I'rom	Ins cstrnents		and Unit Trusts
							391.4	120

6	Total Resources Fxpended	Total Resources Fxpended					OTHER	OTHER		OTHER
					STAFF		DIRECT		ALLOCATED		TOTAL	TOTAL
					COSTS		COSTS			COSTS	2021	2020
	Fund-raising Costs
	Merchandising Costs					14,879	24,907				39.786	12,426
	Information and I.ducation
	Support Costs
	Management and Administration						25,233				25,233	23,333
	Total Resources Expended					14,879	50,	140			65,019	35,759
	Other direct costs include:										2021	2020
												g
	Examiners Remuneration	(including		expenses		and benefits		in kind):
	Independent Examiners	Fee
	Accountancy, Taxation and		Other	Services							4,495	4,495
	Operating Lease Rentals
	Depreciation —on Owned Assets										2,572	2,766
	Depreciation - on assets held		on finance leases and hire purchase							contracts
	Finance Lease Interest
											7,067	7,261
7	Trustees' Remuneration
	Thc trustees neither received		nor waivered		any emoluments			during		the year (2020	fNil).
	Ihcy also did not receive any		out of	pocket	expenses.
8	Staff Costs										2021	2020
	Wages and Salaries										14,879	8,378
	Social Securit& Costs
	Pension Costs
											l4,879	8,378

Tangible Fixed	Assets	Plant &	Fixtures &
		~Eiii It~iHittttii		Relics	Land	Total
Cost/Valuation	as at 1st January 2021	28,242	50,788	85,133	155,705	319,868
Additions		564	941			1,50-1
Cost/Valuation	as at 31stDecember 2021	28,806	51,729	85,133	155,705	321,372
Depreciation as	at 1st January 2021	25,161	35,128		1.170	61,459
Charge for Year		911	1,660			2,572
Depreciation as	at 31st December 2021	26,072	36,788		1,170	64,031
Net Book Value	at 31st December 2021	2,734	14,940	85,133	154,535	257,342
Net Book Value	at 31st December 2020	3,081	15,660	85,133	154,535	258,409

Creditors: Amounts	Creditors: Amounts	Falling Due Within	2021		2020
					g
Trade Creditors			6,8	I 5	5,858
Transition Book			19,456		17,020
Taxation and Social Security Costs
Other Creditors
Obligations under	Filiiliice Leases
Accruals and Deferred		Income	4,495		4,495
			30,766		27,373