The Omnibus Society Minutes of the Annual General Meeting 2024 Held at the Glynhill Hotel, Renfrew, on Friday 27 September 2024 The Chairman Ivigel Eggleton presided. l. There were apologies for absence from Philip Kirk, David Grimmett and Peter Hale. 2. Those members who had died during the last year were remembered. 3. The Chairman gave a short introduction to the work of the Society during the preceding year, the salient points of whxch were: (i) The Society was in good health as it moved towards its centenary? (li) Membership was keeping up and the new website had attracted a number of new recrults. (iii) Consideration was being given to the loan of £250000 to the Bus Archive with it appearing that at present there seemed to be approval for extending the repayment date of the same. (iv) Cyril McIntyre, the long-standing Editor of the Omnibus Magazine was retirxng (with the thanks of all) and no replacement had yet been found for him" (v) A replacement had however been found for the late Charles Gill as Treasurer. (vi) Robert Williams had ensured that the accounts had been prepared and indeed could be filed within the prescribed period (which had been extended, but the extension was not needed). (viil Bill Hiron of Stephensons Coaches was to be the President for 2025. (viii) The members of the Scottish Branch were thanked for their work in organising the Presidential Weekend. 4. The Minutes of the AGM held on 6 October 2023 were received and approved. 5. Bob Rackley was appointed as Treasurer. 6. Nigel Eggleton was re-elected as a Director of the Society and Trustee of the Charity. 7. Andrew Gipson's retirement as a Director of the Society was accepted. 8. Bob Rackley was appointed as a Director of the Society and Trustee of the Charity. 9. The appointxnent of independent examiners of the accounts was deferred. 10 The 2024 President, Ralph Roberts of McGills Buses, welcomed members to Scotland for the Presidential Weekend. Mxchael Yelton, Secretary THE OTrI INtBUS SOCIETY (A COMPANY LIMtTED BY GUARANTEE) TRUSTEES, REPORT AND FINAI¥CIAL STATEMENrs FOR THE YEAR ENDED 31 DECEMBER 2023 CO,MPAINT ￿LINIBER 3081365 (EN"GLthT) & WALES) CHAiufYNI)MBEIL. 1048887 CONTENr Page Legal and admiDistrative information Trustee's Report 34 IlldepeDde￿ Examiner s Report Statement of Financial Activities Balance Sheet Notes to the Financial Activities 8-10 THE OMYIBUS SOCIETY (A COMPANY LIMITEED BY GUARANTEE) LEGALAND ADMINISTRATIVE INFORMATION FOR THE YEI&R El¥iDED 31 DECEMBER 2023 Trustees D Akrigg N W Egglelon C Gill AP Gipson PW Kirk G J Lusher J H Peddle AP Tyldsley D C Grimm¢tt (Died 13 February 2024) Secretary M Yelton Company Number 3081365 Charity Number 1048887 Prillcipal Office & Registered Office 100 SandwelI Street Walsall WSI 3EB Reporting Accountaut Elizabeth Gallacher C.A. 28 Buchwood Drive Paisley PA2 9KE THE OITrlNIBUS SOCIETY (A Col￿PANI. LINllTED BI. GlIAll4￿.TEE) TRL'STEES, REPORT FOR THE Eh:DED 31 DECEIMBER 2023 The trustees present their report accounts for tbe year ended 31 December 2023. Constitution and Objects TIIL of￿￿51¥ nisaiic)n is a LhariLab.le ctitnptslli limiiea t?¥- iiuarani," and reiyj ilial stri.-Ld iii di k inLSieiS are sel¢ii'" -d bastd iThll jlii skill 'liik can prLII"idL All order IL) ensurc proper oovernallce ol" thL Lompan)." Prospective trustees are interviewed and hen appointed proNided ivith appropriate induction. Public benefit Tlie (ru5teLS have referred tn the ouidancL contained in thL Charitk Commission's (ycner.71 rjuidancc on public ben,"fit i::hen r=i"ieiiqiin our aiiii.% 2nd objeLtiI"es .?lld iii plannÈniJ our fuD.Ire i i'iliLS. Ill p- -rti-a.jt i&lL IfaiLees LonJiJknr aciii'iiikni iiill LontriDUii ¥0 the affimi &id objectives they have set. Reserve policy The trusiees revieiYLd the charity s rcquiremlnts for rcsen-.es in litha i ofthe maiii risks to the org￿lISa110￿. The reseiTres are nueded to me￿1 tne ii:orkin(Y Lapi￿ requirements of the cbarity on an annual basis and the trustees are mindfid of the need to keep the unrestricied reserves at a level which will meet these requirements. Summary 4)f activities itn the year Activities in Ihe vear included more trips: lectures aDd meetin(r. The On]nibus Maoa2ine, bulleiins and journals continued to be publislied along with several book5. Summary of the financial performance TotaE income rose fTOm £44?91 to £46906. Eipenses decr&￿ed because there were no ivebslte upnwade costs: tsnd the cost of meetinos also dropped. The overall result is that a deficit of £ j*88 iNas incurred LoniparLd with deficit of £ 10674 lasi year. THE NIBUS SOCIETY (A COMPAIYYLnMrrED BY GUARANTEE) TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 (continued) Trustees, responsibilities The trustees are responsible for preparing the Trustees, AJ)nual Report and the accounts in accordance with applicable law and UK Generally Accepted Accounting Practice. Company law requires Ihe trustees to prepare the financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including the income & expenditure, of the charitable company for that period. In preparing these fmancial statements the trustees are required to: a. select suitable accounting policies and then apply them consistently, observe the methods and principles in the Charities SORP. c. makc judgements and estimates that are re&sonable and prudent, state where applicable UK AccountiD. Standards havc bcen followcd, subject to any material departures disclosed and explained in the financial statements and, prepare the financial ￿aternellts on a going concern basis ￿￿esS it is inappropriate to assume thai the charitable cornpany will continue in operation. The trustees have overall responsibility for ensuring that the cbaritable company has appropriate SyileEnb ul"Lunlrvl. financial and otherwise. They are responsible for keepin¢y proper accounting records ivbich disclose with reasonable accuracy at any time the financial position of the clwitable company and which enable them to ensure that the fuvancial statements comply Nyith tbe Compani¢s Act 2006. They are also responsible for safeguarding the assets of the cbaritable company and hence for taking reasonable steps for the prevention and detection of traud and other iJTegularities. Small Compauy Provisions The report has been prepared in accordance with the Ststement of Recommended Practice: Accounting and Reporting by Charities (issued in January 2019) and in accordance with the special provisions for small companies un part 15 of the Companics Act 2006_ This report ivas approvcd by the trustees and signed on its behalf by". Nigel'E_t gleton Chairn)an 27 September 2024 THE OMMBUS sOc￿Ty (A COMPANY L]MftED BYCUARANfEE) INDEPENDEwf EXAMINER'SREPORT FOR TKE Y￿R ENDED 31 DECLMBER 2023 I report on the accounts forlhe Omnli Iu5 Society Limited (charity 10488KI) forthe yEar ¢uded 31December2023 which ate set out on p38¢5 6 to 10 Respective rapoDsibilitie5 of trustees examiner The charl￿S tnstees (who are also dircctots of the company under company law) responsible for the preparntion of the accounts. The tnistees wnsidcr thst an audit is notwuired this year under Section 144 of the Chatities Art 2011 and that iodcpendenÉ examiner is oeede Having satisfi£d myself that th8 chnrity" is not subj¢¥l lu audit under Part 16 of the Lo]np8oies Act 2006 and is eli￿￿1}e for indepeydent oYaminatio￿ it is niy rcsponsibility to= exaEnine the accounts under section 14) ofthe Chartties Act ?0 I I to follow the procedures laxt dovm in the Gelleral DiTrctions gsvell by th¢ Charity CoEnmissEon (under section 145{5Xb) ofthe 2011 ACL and to statc whether partictslarmattets have cometo my dlknrtiou Basis of the independent examiner's report My ex3minJtion WAS earried out in accordance wtth the Gen￿1 Directions givett by the Charity Comm j&sjon. An exaotination iacludo% 2 revieiy of the accountints reco￿5 kept by the charity 8nd a comparison of the aecounts presfflted with those rKor&%. Iialso incllld&s consideration ofany unusual items OT disclosure5 in thc accounts and sceking eYp13nGtions from you as trustees cgntsiflering.%irch mattos. The Proced*￿ undertaken do not provide all the evidence that woutd be required in an audiL and COJLsequenty I do Dot expre&s an audit opinion on the view given by the accounts. dependent e￿rniner s statement In connecfioo with my examinati￿ llo matter has ￿rne to my attentio which gives me re&gonable ￿uSe to believe that in ally material respe£¢ the requirernents." to keep pmper aecounting recor(Ls (io arLordance with Section 386 of the Companies Act 2006): and to prepare accounts which accord with aceounEinrtr records, comply the accounting requirements of Section 396 of thc Companies .4ct ?006 and iYÈth th¢ Encihods and principl￿ of the Statement of Recornmended Practice: Accounting alld Reporting by Charittes have not beeu met or b. vthich. in my Opinio￿ atte￿IOn should be drawn in orderto ellable proper understanding ofthe accounts to be reache Eli72beth Gallael Chartered AceoDntaot 28 BIrchw￿d Drive Paisley PA2 9NE 27 September2tr24 THE 01￿1BUs SOCIETY (A COMPANY LIMITED BY GUARKNYEE) ST.4TEME.l¥iT OF FINANCI.4L .4CTITrITIES FOR THE YEAR ENDED 31 DECEMBER2023 Total Funds Total Funcls 2023 2022 Income and Endowments from: D¥iii41Tinn% and leLTaLiL)4 reLeii'ed l¥icome from otli¢F Irading actii'iiies ('iift ?1 id lai refuiid IncomL froiTJ iiii'¢%lment5 3i.86: ?Oi Tot21 Income 46,906 Expenditsre oll: Charitable activities 52,494 67,330 Total Expenditure 5ry.494 67,33() Net incomel(expellditure) (5,588) (23.039) (Loss)Gains on investmellt assets (17.635) 'et movemeJAt in funds (5.588) (40,674) Bajdnces brouoht forward at l January 411,1?2 451,796 Balances carried fonvard at 31 December 405.534 411,122 All ot. the above amounts relate to uDrestricted funds THE Th'IBUS SOCIET￿. (.4 COTrIPknJY LIMrfED BY GUARANTEE) B.4.LLNCE SIIEET AT 31 DECEMBER 2023 Total Fqtnds Total 2023 2022 Note Filed Assets Invesgments 109.156 139,156 109.1<6 lJ9.lJ6 CurrL'llt Assets ebtors Stock" Casb at bank and in hand 256.818 3,500 52.876 257,773 3.846 31.412 313.194 293.031 Liabilizies.. amounts falling due within one year 16.816 21.065 Net Current Assets 296.i78 271.966 Liabilities,. amount falling due after one year Net Assets 405.5)4 4l 1,122 Fund5 Cyeneral reseTve 405.534 411,122 THE OMNIBUS SOCIETY (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AT 31 DECEMBER 2023 (continued) Trustees? Statem cnt re uired bi. tbc Com anies ¢let 2006 In approving these accounts as trustees of the company we hereby coThfllm that: For th¢ year ended 31 December 2023 the company was enlided to exemption from audit under section 477 of the Companies Act 2006. relating to small companies. b. The members have not required the company to obtain an audit of its accounts for the year in question in accord1￿cC with Section 47G of tlie coiiipaiiies Act 20Q6, aji The trustees acknoiyledoe their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of account5. These accounts are prepared in accoTdancc with the special provisions of part 15 of the Companies Act 2006 relating to small companies. These accounts were approv¢d by the Board of Trustees. and Signed on their bel]alf by Nigel Eggleton Chainnan 27 September 2024 Registration number 3081365 The notes on pages 9 and l O fonn an integrdl part of these Financial Statements THE OMINIBUS SOCIETY {.4 COIIP.4NI' LI,MITED BTr- GIIAK4,N,TEE) NOTES TO THE FINANCIAL sfATEMENTS FOR THE TrIAR ENDED 31 DECEMBER 2023 l . Accounting Policies 1.1 Accouljting conventions The financial statements have been prepared under ihe historical cosi basis, as modified by the rel'aluation of certain fixed assets me&sured as fair value. The accounts have been prepared in accordance with the Financlal Reporting Standard l O? (effective January ?015), and the requirements ofAccountints and Reports'ng bv Charities: Statement of Recommended Prac.tice. App7ip.Hhlp tn charitip.q (¢fféLlÉv¢ J¢t[lU(￿Y "019) (FRS SORP ?015) and the Companies ACE ?006. l.2 Funds Gcncial funds represent the funds of the clwity that ￿"e not subject to any restriction5 regardino their use and are available for application on the ueneral PUTpose ot'Lhe chariry. 1.3 Incvme Reco2nitioD of income These are included in the Statement of Financial Actii*ities (SOFA) when: the ch￿lty becomes entiiled to the resources" the tn3Stees are iiirtually certain that they will receive the resnurces: and the monetary value can be measured wjth sufficient reliability. Income resources with related expellditure Where incomino resources have related eKyenditure. the incorni￿a resources and tlie related expenditure are reported gTOSS in the SOFA. Donations and legaeies Donations and legacies are only included in the SOFA H,hen the charity has uncondiiional entitlement to the resources. Ta.x reclaim5 on donatAons and 4yjfts Incoming resources from tax reclaims are included in the SOFA when the t&x refijnd is paid. Income from investments Interest entitlements are accounted for as Ihey accrue. recoverable on such incorne is rccognÈsed in the same accounting year. 1.4 Expellditure EXpendltL￿e is recolinised on an aCcn￿lS basis as a liability is incurred. Expenditure includes any VAT which Gannot be fully recovere(L and is reported as part of the expenditurc to which it relates. THE OMNIBUS SOCIETY (A COMPAIYY LIMITED B Y G UARANTEE) OTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 2. Filed 2S5et investments Total At 1 January ?02i Sales 139.156 At i l De￿mber 202i 109.156 3. fjebiors 2023 2022 Other debto 250,818 257.77i Debtors ilic1t￿e a loan of £250,000 to The Bu.5 A Tchive. repayable in i)iore Ihan one year 4. Liabilitie.8: 8mfiunLs falling diie withFn one. yryir 2023 2022 ACc￿ed charges and other creditors Membership fee5 in advance 5,187 15,878 16.816 16,816 21.065 5. General Reserv 2023 2022 Balance at l January Incoffiing resources Inv¢stments - unrealised gains Resource5 e.xpanded 411,122 46.906 45J,796 44,291 (17,6J5) (5?.494) 4ll.122 6. Company limited by guarJntee The Omnibus Society Limited is a colnpany limited by gu2rantee and accordingly does not have a share capital. Every member of the company undertakes to contnlxrte such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up whilc he or she is a member, or within one year after he or she ¢e￿eS to be a member. io TIIE O%I*IBII.).SOCIETI' (..% r(i.iip4NI (.I,iii'rED BI, GI=..4R4NTEEI ?022 Incom¢ ,￿l￿Mbe￿, suhs Photognph 5alcs and milltti Clther éontsiit]DS fjift Aid feLoi¥ed fri)ffl HtsN4RC Di%'idL￿d.E und IDI￿reSt se¥¢i¥cd jj.86? 8.550 4,446 1.857 i88 Silo 30 767 6.*t>7 40.791 Cxpcnditurc .Il¢mbtrs' dCtivjSje5 1S.968 15,678 upport its branLhLS ttud AITilio((s Phoio eosL% Boak pie41uiiion ofcl¥)5ing sloth} ~*46 55U Gen¢rdl expejws Stsiionery. postage4rd pr?nlillg Lsurorice li24 750 467 719 'ebsi* loiern& & websiL¢ fX)Sts London meetiAJ N'on.Coin¢TI Tfaicl wtd mLCting Co￿$ S￿ndryESTe￿%eS Ballk charges Adveniytn8 Governsnte CDStS co￿¢1[ Trével and me¢tiug costs AccouDtaBcy aod f¥ 1.561 1.438 40 1.024 60 1.01? 48? i80 510 Total txpendirnre 58.455 et&urplusl(defi¢it) for th* yegr befortnOO- revenue items 5.16? <17.6641 Less non-revenue expenditsre LTM 5niscun B￿S AT¢hivc Loss on enc2shDJeni of investJueDi Malts Research Gr&ot Covid Joumey and Bulsary ?￿00 1270 8.125 750 TO1￿ rton-rcvenue expendi￿ 10.750 11.145 Add non-rtv¢Due i￿<0￿e Lesaties received Net G&in in iTrvesthieDt val 3JOO 115a651 (11.865) Total surplus/(defJclt) forth¢ yedr (5588} (40.674) Thls page does rtotform partollhe statLrtOry a¢¢Cnuils li