REGISTERED COMPANY NUMBER: 02060988 (England and Wales) REGISTERED CHARITY NUMBER: 518516
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 28 February 2021 for CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
CHEADLES Chartered Accountants Telegraph House
59 Wolverhampton Road Stafford Staffordshire ST17 4AW
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Contents of the Financial Statements for the Year Ended 28 February 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Report of the Trustees for the Year Ended 28 February 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 28 February 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of Chasewater Light Railway & Museum Company Ltd written in 1986 are as follows:
To promote and to further the education of the public in the history of the railway and general transport heritage of the United Kingdom, with special reference to industrial and light railways to the West Midlands area; by the creation and operation of museums of all types and, in furtherance of these objects but not otherwise, by the creation and operation of railways, tramways or other forms of transport.
Significant activities
The activities of Chasewater Light Railway & Museum Company are to run heritage industrial steam and diesel passenger services throughout the year in accordance with the objectives written in 1986, and to provide a museum containing artefacts from the local railways and other associated transport systems to educate the public. The company also acquires new exhibits from the local area and holds regular special events where various aspects of the "colliery line" are shown. The company hold numerous events during the year on top of the standard running services which include the local community and other charitable associations.
Public benefit
All trustees are provided with the guidance issued by the Charity Commission on public benefit. It is felt that we confirm to the current guidance, this is continually under review to ensure compliance.
FINANCIAL REVIEW
Financial position
The financial year ending 28th February 2021 has been the most challenging year ever faced by Chasewater Light Railway & Museum Company. Covid-19 ravaged the entire globe, and we were forced to close our doors when restrictions were implemented.
The trustees held a crisis meeting where many new rules were put in place to protect the railway and its volunteers in line with government rules. This meant that we took the decision to lockdown to the bare minimum of essential volunteers to keep the site ticking over. Security was stepped up due to an increase in theft from heritage railways, with nightly visits taking place.
We received a £10,000 grant from Lichfield District Council to help us keep the railway from going under and also £4,500 from the Arts Council to keep the heat on in the museum. As you can imagine, with a site our size, this did not last long. Following many hours of trawling, we applied for multiple other grants, all of which we did not seem eligible for, for one reason or another.
An idea then sprung to mind from our tea room staff to open a takeaway from one of the sash windows in the main station building. This proved to be a huge success and brought in the much-needed funds to keep the railway going. The takeaway is still going strong to this day and we are about to commence works to make it a permanent fixture, and also allowing space for indoor seating.
Works continued on Hollybank No.3 through the pandemic to get her back to steam, which was completed In May 2021. Essential maintenance continued through 2020/21
As you can see, our figures are much reduced compared to a "normal" year, but we are all proud of the job we have done and made a significant surplus of funds. Our independent examiner, Cheadles Chartered Accountants, praised us for the job we have done and we have been nominated for a business award for our efforts and success through the pandemic.
I would like to thank each and every trustee, volunteer and staff member who has gone above and beyond to ensure the survival of our railway in this most difficult of years.
Reserves policy
We currently hold ring fenced monies of £30k for Asbestos and £2,690 for the cost of building a new carriage shed.
Any other reserves will go largely towards the upkeep of the railway.
Page 1
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Report of the Trustees for the Year Ended 28 February 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
Constitution as filed with Companies house. Trustee recruitment is done by letter to current board of trustees who will assess the applicant, and should a vacancy be available, the trustees will vote to recruit them. Should a vacancy not be available, the applicant will be notified accordingly and offered an alternative in the interim period. The current trustee structure is outlined in the SMS which is written and authorised by Green Dragon Rail Ltd.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 02060988 (England and Wales)
Registered Charity number 518516
Registered office
Chasewater Railway Pool Lane Brownhills West Station Burntwood Walsall WS8 7NL
Trustees
D Weeks (appointed 10.10.20) M E Sealey Mrs D L Sealey M Fellows M Hurley (resigned 1.3.20) L Tucker R Thompson (appointed 10.10.20)
Company Secretary
Independent Examiner CHEADLES Chartered Accountants Telegraph House 59 Wolverhampton Road Stafford Staffordshire ST17 4AW
Approved by order of the board of trustees on 13 June 2021 and signed on its behalf by:
M E Sealey - Trustee
Page 2
Independent Examiner's Report to the Trustees of Chasewater Light Railway & Museum Company
Independent examiner's report to the trustees of Chasewater Light Railway & Museum Company ('the Company') I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Cheadles Accountants
ICAEW CHEADLES Chartered Accountants Telegraph House 59 Wolverhampton Road Stafford Staffordshire ST17 4AW
4 August 2021
Page 3
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Statement of Financial Activities for the Year Ended 28 February 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable activities Other trading activities 2 Investment income 3 Other income Total EXPENDITURE ON Charitable activities Charitable activities Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 47,543 127,709 3,151 23,213 28,950 230,566 187,753 22,240 209,993 20,573 2,046,882 2,067,455 |
Restricted funds £ 434 - - - - 434 (1) - (1) 435 32,690 33,125 |
28.2.21 Total funds £ 47,977 127,709 3,151 23,213 28,950 231,000 187,752 22,240 209,992 21,008 2,079,572 2,100,580 |
29.2.20 Total funds £ 24,309 276,184 4,920 19,160 - 324,573 317,782 14,018 331,800 (7,227) 2,086,799 2,079,572 |
|---|---|---|---|---|
The notes form part of these financial statements
Page 4
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Balance Sheet 28 February 2021
| Notes FIXED ASSETS Tangible assets 8 Heritage assets 9 CURRENT ASSETS Stocks 10 Debtors 11 Cash at bank and in hand CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 1,802,051 193,682 1,995,733 22,000 3,133 54,929 80,062 (8,340) 71,722 2,067,455 2,067,455 |
Restricted funds £ - - - - - 33,125 33,125 - 33,125 33,125 33,125 |
28.2.21 Total funds £ 1,802,051 193,682 1,995,733 22,000 3,133 88,054 113,187 (8,340) 104,847 2,100,580 2,100,580 2,067,455 33,125 2,100,580 |
29.2.20 Total funds £ 1,809,426 179,515 1,988,941 30,000 4,213 71,975 106,188 (15,557) 90,631 2,079,572 2,079,572 2,046,882 32,690 2,079,572 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 13 June 2021 and were signed on its behalf by:
M E Sealey - Trustee
The notes form part of these financial statements
Page 5
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Notes to the Financial Statements for the Year Ended 28 February 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Improvements to property | - 20% on cost and 10% on cost |
|---|---|
| Plant and machinery | - 25% on cost, 10% on cost and not provided |
| Fixtures and fittings | - 25% on cost |
| Computer equipment | - 25% on reducing balance |
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
The Trustees review stock held at the balance sheet date to ensure that only those goods deemed fit for future sales are included.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
28.2.21 29.2.20 £ £ Subscriptions 3,151 4,920
continued...
Page 6
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Notes to the Financial Statements - continued for the Year Ended 28 February 2021
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 28.2.21 | 29.2.20 | |
| £ | £ | |
| Rents received | 23,178 | 19,023 |
| Deposit account interest | 35 | 137 |
| 23,213 | 19,160 |
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 28.2.21 | 29.2.20 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 9,505 | 10,539 |
| Accountants fees | - | 3,850 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 28 February 2021 nor for the year ended 29 February 2020.
Trustees' expenses
The following expenses were reimbursed to trustees during the year: £979.89 (2020: £Nill) - Shop purchases
£72.02 (2020: £144.32) - Loco Maintenance
£224.25 (2020: £186.88) - Subscriptions
£113.03 (2020: (£Nil) - Track & Station Repairs
2 Trustees (2020: 2 ) were reimbursed during the year.
6. STAFF COSTS
Salaries and Wages - £42,245.77 (2020: £56,138.63)
The average monthly number of employees during the year was as follows:
| Tea room No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 21,619 Charitable activities Charitable activities 276,184 Other trading activities 4,920 Investment income 19,160 Total 321,883 |
28.2.21 7 Restricted funds £ 2,690 - - - 2,690 |
29.2.20 9 Total funds £ 24,309 276,184 4,920 19,160 |
29.2.20 9 Total funds £ 24,309 276,184 4,920 19,160 |
|---|---|---|---|
| 324,573 |
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 7
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Notes to the Financial Statements - continued for the Year Ended 28 February 2021
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| EXPENDITURE ON Charitable activities Charitable activities Other Total NET INCOME/(EXPENDITURE) Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 8. TANGIBLE FIXED ASSETS COST At 1 March 2020 Additions At 28 February 2021 DEPRECIATION At 1 March 2020 Charge for year At 28 February 2021 NET BOOK VALUE At 28 February 2021 At 29 February 2020 |
Unrestricted fund £ 317,782 14,018 331,800 (9,917) 230 (9,687) 2,056,569 2,046,882 Short leasehold £ 1,370,000 - 1,370,000 - - - 1,370,000 1,370,000 |
Restricted funds £ - - - 2,690 (230) 2,460 30,230 32,690 Improvements to property £ 42,847 - 42,847 12,607 3,616 16,223 26,624 30,240 |
Total funds £ 317,782 14,018 331,800 (7,227) - (7,227) 2,086,799 2,079,572 Plant and machinery £ 450,628 2,130 452,758 46,671 4,582 51,253 401,505 403,957 |
||
|---|---|---|---|---|---|
continued...
Page 8
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Notes to the Financial Statements - continued for the Year Ended 28 February 2021
8. TANGIBLE FIXED ASSETS - continued
| 8. TANGIBLE FIXED ASSETS - continued |
||||
|---|---|---|---|---|
| COST At 1 March 2020 Additions At 28 February 2021 DEPRECIATION At 1 March 2020 Charge for year At 28 February 2021 NET BOOK VALUE At 28 February 2021 At 29 February 2020 9. HERITAGE ASSETS MARKET VALUE At 1 March 2020 Additions At 28 February 2021 NET BOOK VALUE At 28 February 2021 At 29 February 2020 |
Fixtures and fittings £ 27,328 - 27,328 27,328 - 27,328 - - |
Computer equipment £ 10,266 - 10,266 5,037 1,307 6,344 3,922 5,229 |
Totals £ 1,901,069 2,130 |
|
| 1,903,199 | ||||
| 91,643 9,505 |
||||
| 101,148 | ||||
| 1,802,051 | ||||
| 1,809,426 | ||||
| Total £ 179,515 14,167 |
||||
| 193,682 | ||||
| 193,682 | ||||
| 179,515 |
Heritage assets include locomotives, coaches and wagons at an original cost of £46,583 and relics at an original cost of £20,000.
The heritage assets have been revalued by the Trustees at 29th February 2012 at realisable market value. There is an established market in these heritage assets and valuations are based on this market.
Due to the rare nature of these assets it would be misleading to value them on historical cost basis.
10. STOCKS
| STOCKS | ||
|---|---|---|
| 28.2.21 | 29.2.20 | |
| £ | £ | |
| Stocks | 22,000 | 30,000 |
continued...
Page 9
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Notes to the Financial Statements - continued for the Year Ended 28 February 2021
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 11. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|---|
| 28.2.21 | 29.2.20 | ||||
| £ | £ | ||||
| VAT | 1,391 | 1,936 | |||
| Prepayments | 1,742 | 2,277 | |||
| 3,133 | 4,213 | ||||
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 28.2.21 | 29.2.20 | ||||
| £ | £ | ||||
| Trade creditors | 92 | 2 | |||
| Social security and other taxes | (99) | 61 | |||
| Pensions payable | 74 | 42 | |||
| Other creditors | 3,582 | 3,917 | |||
| Accrued expenses | 4,691 | 11,535 | |||
| 8,340 | 15,557 | ||||
| 13. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.3.20 | in funds | 28.2.21 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 2,046,882 | 20,573 | 2,067,455 | ||
| Restricted funds | |||||
| Asbestos | 30,000 | 1 | 30,001 | ||
| Carriage Shed | 2,690 | - | 2,690 | ||
| Roof repair | - | 434 | 434 | ||
| 32,690 | 435 | 33,125 | |||
| TOTAL FUNDS | 2,079,572 | 21,008 | 2,100,580 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 230,566 | (209,993) | 20,573 | ||
| Restricted funds | |||||
| Asbestos | - | 1 | 1 | ||
| Roof repair | 434 | - | 434 | ||
| 434 | 1 | 435 | |||
| TOTAL FUNDS | 231,000 | (209,992) | 21,008 |
continued...
Page 10
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Notes to the Financial Statements - continued for the Year Ended 28 February 2021
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.3.19 in funds £ £ Unrestricted funds General fund 2,056,569 (9,917) Restricted funds Restricted 230 - Asbestos 30,000 - Carriage Shed - 2,690 30,230 2,690 TOTAL FUNDS 2,086,799 (7,227) Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 321,883 Restricted funds Carriage Shed 2,690 TOTAL FUNDS 324,573 |
Transfers between funds £ 230 (230) - - (230) - Resources expended £ (331,800) - (331,800) |
At 29.2.20 £ 2,046,882 - 30,000 2,690 |
At 29.2.20 £ 2,046,882 - 30,000 2,690 |
|
|---|---|---|---|---|
| 32,690 | ||||
| 2,079,572 | ||||
| Movement in funds £ (9,917) 2,690 (7,227) |
||||
| (7,227) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Restricted Asbestos Carriage Shed Roof repair TOTAL FUNDS |
At 1.3.19 £ 2,056,569 230 30,000 - - 30,230 2,086,799 |
Net movement in funds £ 10,656 - 1 2,690 434 3,125 13,781 |
Transfers between funds £ 230 (230) - - - (230) - |
At 28.2.21 £ 2,067,455 - 30,001 2,690 434 |
|---|---|---|---|---|
| 33,125 | ||||
| 2,100,580 |
continued...
Page 11
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Notes to the Financial Statements - continued for the Year Ended 28 February 2021
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Asbestos Carriage Shed Roof repair TOTAL FUNDS |
Incoming resources £ 552,449 - 2,690 434 3,124 555,573 |
Resources Movement expended in funds £ £ (541,793) 10,656 1 1 - 2,690 - 434 1 3,125 (541,792) 13,781 |
Resources Movement expended in funds £ £ (541,793) 10,656 1 1 - 2,690 - 434 1 3,125 (541,792) 13,781 |
|---|---|---|---|
| 3,125 | |||
| 13,781 |
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 28 February 2021.
15. RESTRICTED FUNDS
The following restricted funds are in place during the year:
Funds raised for the engine Asbestos. This money is to be used on the upkeep of this engine only. £30,000,000 of this fund is still in place at the year end.
This amount is currently being kept in the savings account.
Donations received for the cost of building a new carriage shed. £2,690.27 of this fund is still in place at the year end. This amount is currently in a separate savings accounts.
Donations received for the cost of roof repair. £434.00 of this fund is still in place at the year end. This amount is held in the current account.
Page 12
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Detailed Statement of Financial Activities for the Year Ended 28 February 2021
| 28.2.21 | 29.2.20 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | (1) | - |
| Donations | 47,978 | 24,309 |
| 47,977 | 24,309 | |
| Other trading activities | ||
| Subscriptions | 3,151 | 4,920 |
| Investment income | ||
| Rents received | 23,178 | 19,023 |
| Deposit account interest | 35 | 137 |
| 23,213 | 19,160 | |
| Charitable activities | ||
| Train Operating Income | 3,185 | 55,915 |
| Shop Income | 7,339 | 29,453 |
| Special Events Income | 14,378 | 65,031 |
| Tea room sales | 102,807 | 125,785 |
| 127,709 | 276,184 | |
| Other income | ||
| Government grants | 28,950 | - |
| Total incoming resources | 231,000 | 324,573 |
| EXPENDITURE | ||
| Charitable activities | ||
| Rates and water | 2,769 | 3,112 |
| Insurance | 10,644 | 13,239 |
| Light and heat | 13,023 | 29,474 |
| Repairs & General maintenance | 30,724 | 34,712 |
| Subscriptions | 6,000 | 6,964 |
| Telephone | 4,894 | 5,107 |
| Sundries | 7,436 | 1,696 |
| Shop Expenditure | 8,778 | 20,446 |
| Special Events Expenditure | 957 | 22,111 |
| Tea Room expenditure | 36,105 | 51,414 |
| Stock movement | 8,000 | (12,000) |
| Loco Maintenance | 11,270 | 53,520 |
| Publicity and advertising | 384 | 4,158 |
| Plant hire | 4,300 | 16,845 |
| Tea room wages | 42,246 | 56,139 |
| Pension | 222 | 304 |
| 187,752 | 307,241 | |
| Support costs |
This page does not form part of the statutory financial statements
Page 13
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Detailed Statement of Financial Activities
for the Year Ended 28 February 2021
| 28.2.21 | 29.2.20 | |
|---|---|---|
| £ | £ | |
| Support costs | ||
| Management | ||
| Improvements to property | 3,616 | 3,616 |
| Plant and machinery | 4,581 | 5,182 |
| Computer equipment | 1,307 | 1,743 |
| 9,504 | 10,541 | |
| Governance costs | ||
| Accountancy fees | 3,900 | 3,850 |
| Administrative expenses | 5,620 | 6,276 |
| Bank charges | 3,216 | 3,892 |
| 12,736 | 14,018 | |
| Total resources expended | 209,992 | 331,800 |
| Net income/(expenditure) | 21,008 | (7,227) |
This page does not form part of the statutory financial statements
Page 14