2025-07-31-accounts

RECISTERED COMPANI. NIJ￿1BF.R: 02738413 (F.ngland and 1S'ales) REGISTF.RF.D CHARITY NIINqBER: 1060457 Report of the Tru5tee5 Unaudited Fin*ntial Stxtcmellts for the Year Ended 31 Juh" 2OZ5 for Keighle) Bus ￿lust￿M Trust l.imited Siirk Latnbcrt & Co ChaTt¢ied Accountants Russell Chamkty 61d StsLtI <eighle WLbi YoTkshirc IID?I IDS

Keighlo)" Bus Mllsoum Trust Limiled ConteDts Of tbe Financial Statements for thc Vitsr Endtd 21 Julv 2•25 Reference and AdmiDi5trative Detai15 Report ofthe Trns¢tes llldependent Examiner's Report Statement of Finneial AetiTrities Statemenl of Finaltial Position Notes to the Finnci#l St#tements 9 tv 16

Keighlo)" Bus Mllsoum Trust Limiled Reference alld Administrtii"e Details for th¢ l-ear Ended 31 J￿1.¥ 21125 TRLSTEES S Wa)e Direclor Ms NI IVav¢ Director N Shepherd Director J Hewitt DI￿LI0r N A Hallidai. Director A S Halev Direclor P Cribbin Dirtctor D B￿le Direcior M Bcny Dircctor COMPANY SECRETARY S Waye REGISTERED OFFICE Unli 5. River Technology PaE Dalton Lane Keighlev Ytsrkshire 111)214JP REGISTERED COMPANY NUMBTr-R 02738413 (England and Walcs} REGISTERED CHARITY NUMBk.R l(KJ(H57 l￿DEPENDENT EMtIll.NER Stirk Lambert & Co Chartirci Accountsnrs Russell Chambers 61a North SttL¢i KeigThley WesL Yorkshire BD213DS BAPakF.RS National l¥esmiillsler Bank Ple 63 Sireei Kcighlcy Wesi I'oTk-shire BD?1 3SN Page I

Kei¢hle)' Bus ibluseum Trllst iimittd (Registertd number. 1I273%4131 Repon ofthe Trnstets lor th¢ l-ear Ended 31 J￿1.¥ 21125 The Irusle¢% who a￿ 21%0 dire¢iot5 of Ihe ¢haiity for the putwJse5 of Compani<% Act 2(M)6. present their report with the financial statements of the charii! for the vear tndtd 31 July O?5. Th- rnsiets hai'e ad(yied the pro￿lsiOnS of Accounting and Reporting by ChaiitjL'S.' StatLn]Lnt of RLLUltitnLndcd PidctlLL apJlicdblc ts) LlwitiL% prCP￿￿lTr￿ their dccounts Jn dccurduncc with the FinanLidl ReportinE Standard applicable in the UK and Republic of Ireland {fRS I O?) (effectiN't l Javuary 2019}. OBJECTIVES AND.4CTIVITIES ObjectSves aims Thi aim of Lharity i.s thl Lolliinuing cduLation vf tlK' publiL b). prvNid=ng Wcst Th"OTkshiic with a statiL museuni of tsansport history and transportaiion archaeolog}' covenng all aSr￿ts of road publi¢ passenger transport. 2015 4(IW thc rnmplction ol. thc purrhaxc of ihc prcmisrs at RJvcJsidc. aftcr thc PUTrha%c thc ￿U￿¢￿[n lopk thc undcrtaking ot moden)ising several areas of rhe building io allow. for a more comfoTtable Nisiiyng experience for Inembers of ihe public, including thL bllilding of a eantLLn area with ￿-￿tIllg arrdngcniints. In July of 2025 the neighboring buildin" - Dalion Mill Suffer￿ from yel anoiher fire. unfoTtunately this tirne embeT5 froTn the building caught ihe museums building's roofalighi. All planncd cndcavors for improicmcni% had io bc ptr on hold and arrdii¥cmcnis ￿'Cre rnadc to 4tart n)of rcpair% and improvcincnt4 to the fire sysIEnlS Wlthill the buildin8, these Jnclude Cully lining out of ihe floor space lo provide gTealer exil routes, irnproved LmcrgcnLy lighting and an improvcd r￿L a]#rm atKI dctition system. During this litne, Ihe mLLseLLm has not bten open lo the public. however the museum's involv2meni in assisting with external hdritdblc cvcnt4 has contillucd with thc provision of bus ￿Ty1C￿￿ lind provision of voluntCwl%. Additionally, W'L also act as a Llearing housc and hilp scrb'icc lor ihosc SLcking aLeOmn)￿at10n for historiL VLhiclcs, parts or &dviLC on restoration of busts, or informaiion on rr)atters of IraTb5FrtIrt indu5rry hi510T)' and praciice. Publii benefit The iru8te¢s confirni thai they have paid due r¢gard to ihe ¢hariry's Commissions guidance on public benefii and consider th¢ir aLtivitiL% io Comply therLwith. PIADS for Fllture PerAod5 The trust since cornpleiing the purchase of the building wll continue to rdise funds to repair and Tnodernise the building by holding special cvcnts and open days ¢ithLr at our PTLmis¥S Or in thi ¢ommuniiy. Th¢ trust will raisc addiiional in¢omi by rcnting Su￿luS space lo private individuals. Independent Esarniner Siirk Larnbcrl & Co WLfL aptioinlcd io rcpori on thc fiiiaDcial sialLmcThts for thL year endL￿ 31 July 2025 and havc bCL￿ rC-aP￿i￿Icd a5 Ind¢p¢nd¢nl examiner for the ensuing y¢ai. AcH]E￿'E￿IEDlTS AND PERFoR￿lANcE AchieTr'e￿ent5 and Perforrnante The building has now" been purihased and is solely owned by Keighley Bus Nluseum Ttusi Lid. The Trusteeb ¥onlinue lo work on improving the cleanliness and faaliiie% within the premi￿. FINANCIAL REVIEW Financial Revie￿. I'he operaling profLI for Ihe year was £37.916 10 carry forward io the followiDg year. Resknrves al the end ofihe year were L291,568 includin¥ rt%tFlCt¢d lund% of £4.8%n endnwm¢nt fundN (Jf £43.773. The Charity held fiTtd a%%eLs with a net bDok value ol £609,101 of which £50.739 are tndowm¢ni funds. The pre5eni It￿¢] of unrestricta r￿erveS available ro th¢ Cli￿'1ty 15 £24? 915 whiLh arc usL￿ lo fL[l￿cC additio￿1 projccts and trdding in the cnsuing yiar as a backup rL￿erVc. Restricted fuAds Thc charity htslds £4,880 of rc%Trictcd fund of which £1,600 is risiduc of £2.OINJ ￿'hICh byittcd from thc Lccd% Trdll%P()rt Historical Society. for use only in maintaining and restoring fornier Lteds bll5ts. Resioration work on Leeds 980 will soon be iii progrLSS, thLsL funds will bL' tsOll5idcrably rcduccd in thc nlar futurc. Page 2

Kei¢hle)' Bus ibluseum Trllst iimittd (Registertd number. 1I273%4131 Repon ofthe Trnstets lor th¢ l-ear Ended 31 J￿1.¥ 21125 FINANCIAL REVIEW Reserves poliry ThL' Luntinucd.%uTrlu% uf incotnc UVLI cX￿n￿lIurL. thc frusl lu iJ]cicJsc thL' suints hcld dLposit. in&utTILicnt to fund any major e¥penditure, these now provide a rea50nablt buffer a￿￿1￿51 uDfoTe5een fluctualions in Tunning costs and incoTPe. STRUCTURE, GOVERNANCE AND M.4NAGE￿IENT Gofverjhlng doeument Thl Chatity is Luntiollid by its gvYLrnLn¥ doLuillLILt. a dccd of rru51. and ¢onstitutCS il limitcd ¢ompany, limitcd guarantcc, as defined by the Companjes Aci 2￿6_ Thc Kcighlcy Bu% Muscum Trust 1% a company lintitcd bv guarant￿. go%'crn¢d by its rncmnrandutn and articl?1 dalcd 7th AiJgyu41 1992, as amended on 18th December 1996. 3Td Jiily 1997 and 28th .Ilav 1998. 11 is Tegistertd as a cliarity with the ¢hai'iiy Lomtnission. AnyonL 18 VLars of agL K"LOmC a membcr %%"ith i-oiing righis. sllbjLCI to board approval. Thirc is also d pro￿1$i0￿ for junior nieinbers alld KBMT 'friends' who do not enjoy &"oling nghts. Theie art curtently sorne .$4 inembers12024- 73 members), each ofwliom undenak¢s 10 coniribuie £1 in the ¢veni of ihe iompanv winding up. Appointrnent of new tTUStees EaLh yL&r an A(iM 1.4]]nu#l (YL]ILral fvIcLrin¥l is hi'ld. dnd thc clLYtion of thc trustLLS tdkL% placL & part of this melting. Ill all. thrcL trustees can be elected.. two Irusie¢s and Jn ofti¥er i.e., Chairniatt. Sec￿8￿. or Treasurer. In addition. any trustees ￿h0 have resig￿lled duriiig Ihe year prior Io Lhe AGM can be replaced. Those ele¢ied theii serve for a lem of Iwo years in Ihe use of a Intsiee or for a iemi of Ihree yeats in Ihe Case of Chaiman. Treasurer or ￿'erciary. Th0sL appointLd SLf%'i until thc AGM thal is hLld in thijr fjnal yiar unlLSs thcy rLsign or arL oihcn4 ISL disqualificd according to the Articles ot Associaiion. In addition to ih05e elected. Ihe trusttes hae the power to boih Teplace those who resiLTn (or are disqualifLed} and ts) ¢O-OPl up io four addilional who serve uniil Ihe next AGM. Co-opted irustees are generally added to wovide spxifi¢ expertise. krowledge, capabilitv or Capacity not available from ihose who wLrc clcctcd Organisatiooal strlltture ic Or¥aThi￿tIUn cuns14t& of aruiind 60 rncmbcrs who Join by annual Sub￿￿p￿i0n with around 20 of tho%c activc ￿0]UnteCT￿ who work to further Iht objective5 of tht trust. The Board ol. trllstees. which c2n consist of up to 10 members, rneets monthl! io discus% and reN'iew all key topics of the Irusts business. Maiiy of ihe itustees cany oui voluniary work ai the museLml and use Ihis opwittunity to dLSLUSS operdiional I￿aIterb and rLILvant actiN'ity. On onuoing b(I%LS Ihc iTU%tCCS ittc Ln ivuch via c-mail, SVLIUI mcdia iclcphvnc to Lnsurc that ¥i¥nifiLani developmenis are known io all and qui¢kl}' attend￿ io. There is a tomial sub-rornmitiee In place lookin¥ at the tnJ5t% et.eni pio¥tam. which is made llp tsf boih trnslees and ordinary members. Consideraiion is being given io tsthblish more sllb-commillees for other inatters as this has prol'td effectii'e and is ￿.]1￿1￿ thL iru%lLL'% rK)W'Lr tu d..li¥dti dllthoritv_ Stsmc activilics arL delLgdlid 1¢) mcrnbcrs who prodllcc Jnonthly board rLPUrt%. ThLSC actiN'itie5 rtrnain the responsibility of the ttustees. Each of ihe Irustee5 alqo take on specific roles such as vehicle mainrenance, compliance. memberships etc. with the%e beingTr agreed by all the Inigiees frL)in rhe tsiitsei. Trustees Indu¢tion and Trining All 'lru5tees are appoinled from wjthin the membership of the trusl and so will be familiar wilh the objeilives and funclions and exttn%ive tiaining 1% not th¢ielore required. EaLh niw trustiL will bL prov1dL￿ wilh a copy of thL mLmorandum a￿1 articles of assoc￿tIOn and will ￿ providLd with ￿n-t￿-1￿b Euidance by experienced iTU5tees. Page 3

Kei¢hle)' Bus ibluseum Trllst iimittd (Registertd number. 1I273%4131 Repon ofthe Trnstets lor th¢ l-ear Ended 31 J￿1.¥ 21125 STRUCTURE. GOVERNANCE AND MANAGEMENT Risk management Wcckly LhcLks arL' pcrfuTincd tv ￿fc¥uard against p)tcntial f'ic risk LY)uplcd ￿'ith dnnual tcstJn¥ of firL cxtinguishC￿ tu inaintajn tht trust5 compliance with fire prevention and mihgation. Healrh and safety issues are identified. di5CUS5ed alld subsequently resolNed at monihly board meetings, supponll)g ihe intsi's inieniion io operaie a safe culiure for members and vKsiiors. Inancial risks are minimised by a regulat S¢TUTiny ofall Commitments. ttserves and cash-flow ptediciions by the Irusiees. Approved by order of the board of trustees on 28 Apnl 2026 and signed on lis behalt'by= S Waye- Tr￿￿ee Page 4

Independtnt F.xxmirter's Rtpori to Iht TrustLs of Keighle)" Bu5 Nluseum Trust Lirnited (Registered nurnber: 027.184131 Indep¢nd¢nt r¢port to thc trust¢cs of Kei2hlei Blls 1]￿seuM Trnst Limited {'th¢ Compgni.) repon io the iharii}' Irusie¢s on MJ. examination of the avCQimts of the Compani. for ih¢ wear ¢nded.I l Jul )' 2025. Rp5POT15ibilities b¥515 Dr report As the charii}'s i￿steeS of the Company land also its direeiors for the p￿￿oseS of company lawl you are responsible for the prcpurution uf thc ULLuuntS ￿ ULxordsLncc with thc r4uircmLnL4 uf thc Con7p￿￿lL￿ ALI 2(Kkn ihc 2006 ALVI. Hjving saiisfied myself Ihai the a¢¢ounts of Ihe Company are noi rwuiryd io be audiied under Part 16 of the 20U6 Act and are eligkible for independent examinatii)n, I report in respect of mv examination of your charity'% accouiits as carried out under Section 145 of the Chanli¢s ALI 2011 I'the 2011 Act,). In caming oui MN exatninaiion I have followed ihe Direciions given bs, the Chanly Commi55ion undcr ScLtion 145{51 Ibi of t1￿ 2011 Act. Independent examiner'5 5taternent haN'c coniplctrd my cxaTnin(iliTrD. I cnnfJTJn thal maltrys havc comc tn wny att¥ntion in conncction wilh thc cxatnination giving mc cause lo beliew¢'. accou￿ti[1g record5 were Dot kept in re5pecI of the Cornpany a5 required by Section 386 of the 2W6 Act; or Ihe ac¢oun¢s do noi accord wilh Ihose re¢or&.' or thc acf ount% do not comply with thc accoujiting rcquircincnts- of Scction 396 of ihc 21K)6 Act oihcr than any rcquircmcffl that the account5 gipe a Inie arbd fair view H'hich is nol a Tnatlei COTbSidered as part of an independeT>t exaTnination' or thL accounts havi not E￿L'll PlLparcd in aiLoidancc with thL mLihod5 and prin￿lPILs of thi Starcmint of RLtommindcd Practt¥e for accounting and re￿ning by chariii¢s (applicable io charities preparing their accounts in accordance with the Financial Reporiing Standard applicable in ihe UK and Republic ofirelalld IFRS 1021). I have no ¢on¢ems alld have Come a¢ioss no oiher ma1￿￿% in ¢onneciion wilh Ihe examinaTion to which aTiention should be drawn i this rLPOrt in ordLr to Lnablc a propLr undlrslanding oftht accounis io bL" reachLML Mr Richard Strarton ACA Siirk Lambert & Co Cliariered Accounianis RUS%￿11 Chdmbcp 6 la Nonh Streei Klighlcy Webl Yorkshi BD213DS 28 April 2026 Page 5

Keighlo)" Bus Mllsoum Trust Limiled Statcmtnt of Fin#neial Actii'iiies lor th¢ year Ended 31 J￿1.¥ 21125 31.7.24 Total fund Unrtstricted filt￿S R¢5tncted filnd Endowment fimds Total funds as rcstdted Notes ENIX)WMENTS FROM 10,087 INCOME AND Donaiions and legaci 10,087 (26282} Other tradingi activitie5 Invesimeni Income Total 96.850 280 107?17 96,85Q 280 101 217 91,63¢> 2.339 EXPENDITLRE ON Raising funds 1.740 1.740 6.841 Chgritable activiti¢5 Cliariiable aciivilies- eApenditure 391 391 775 775 Total 68.135 69.-101 82,494 PIET INCOMFJIEXPENDIWRE) 39,082 (3911 (775) 114.801} RF.C.ONCII.IATION OF Total funds brought fnrward As p￿￿'1￿u8]F reported Privr ycdr adjusimLmt A5 restated UNDS 31.833 44.548 ?81.642 268.453 44.548 253.652 268,453 TOTAL FULYDS CARRtED FORWARD 291 568 253 C)52 The notes forni part of these fuk￿ClaI siatements Page 6

Kei¢hle)' Bus ibluseum Trllst iimittd (Registertd number. 1I273%4131 ststement of Fith#Dei*l Positlo 31 Jyl). 2015 Unrtstricted filt￿S R¢5tncted filnd Endowment fimds Total funds Total fund as rcstdted Notes FIXED ASSETS Tangible a%%er 558.4(A 50.739 609.203 605.431 CURRENT ASSETS Debtors CaslL ai bank 3.677 3,677 5,380 9.057 4,880 4,X%O 16,966 16,9()6} 15.994 15.994 11,143 CREDITOR Amounts fallirtg due wiihin one year io {44,359) (44,1591 {64.4401 P4ET CURRENT ASSETS 33 )161 34 1(J21 48.446 TOTAL ASSETS LESS CURRENT LIABILITIES 525,248 4.880 43,773 573,901 556.985 CREDI"I'VRS Amoiinrs falling diie after More than Dllc yLar (282.3331 (28? 1331 (_103 J3_31 NET ASSETS FLIYDS ?42 915 29156S 253 652 14 UnrL%ifiLILd fund Restricted funds Endow'ment funds TOT AL FUNDS 24?,915 4,880 203,833 5,271 291.568 253.{b52 The charilable company is entitled to exeThption from audil undeT Section 477 of the Conwanies Act 2006 for the year ended 31 July 2025. Thc mLmbcrs hthNc not rL4uirLd thc companv to obiain an audil of its financial 51atcmcnis for the year cndcd .11 July 2025 in ac¢ordan¢e with Section 476 ofthe Companies A¢t-(K)6. The Iru5tees acknowledge their respon51bilities for (al cnsuring that thc charitablc Lompany kLCPS accounting rcconls ihat comply wilh SeLiions 386 and 3¥7 of thL Companies A¥t 2006 and preparing financial siatemenis which ￿ve a uue and fair ￿.1¢￿ ofthe sthie ofaITair) ofihe charithle Lompany as at ihe end ol ¥1￿11 firidlllldl yidf 4iiid uf IIN Nurplu4 ui- dLfiiii fur ￿LI1 fiii4u1i1411)￿ ill JLLUrJ￿ILu wiul lliL 1¥4UIILiiiiiII.% u1- S¥Liiori% 394 and 39S and which 01he￿ISe comply with the requirernents or ihe Companies Aci 21K>6 relating io financial siatemenis, SL) far as applicablL 10 ihL LlJaritablL Cofl]paiJy. (bl The notes forni part of these fuk￿ClaI siatements Page 7 continued...

Kei¢hle)' Bus ibluseum Trllst iimittd (Registertd number. 1I273%4131 StatsmeD¢ of FI￿aDelaI Position- eontiDued 31 Jul). 2015 These financial sla1¢M￿lS have been prepared in accordanie with the provisions applicable io clwi"tsble CDmpanies 5ubjecl to ihe Small compLnieb ￿&F1M¢. The tinancial stateTnents were approved bv the Board of Tru51ees and authorised for issue OT) 28 April 2026 and wer signed on its behalf by.. S Wayc- Tru4cc The notes forni part of these fuk￿ClaI siatements Page 8

Keighlo)" Bus Mllsoum Trust Limiled Noie5 10 the Fin#ncil Stiemtnis lor th¢ year Ended 31 J￿1.¥ 21125 ACCOUNTING POLICIES Basi5 of prep3Ting the financial satemeDts Thc fiiiuncidl %tatcmLnts of thc Lhantsble comp%￿y. whiLh is a public I￿nefIt cnlity undLT FRS 102, havc bccji prLpaiLd in accordance wilh the Chaiilies SORP {fRS 1021 'AccountlllE and Reporting by C.harilies.' SiateilleTrt of RecownTnended PraciiLe applicable 10 chariii¢> preparing their accounis in a¥cordan¢e ￿.]lh ihe Finan¢il Rep(irting Swidard appli¢)ble in Ihe UK and Republic of Ireland IFRS 1021 letTeciive l January ?0191', Financial Reporting Standard 102 The Financial Reporiing Standaid applicable in Lbe UK and Republic of iieland, and the Companies Act 2006. The financial siaieinents havL t￿ett prLparcd undii thc histvrital LX)bl iOTLvcntLOn. Income All incotnc rcsourLcs arc inrludcd ID thc slatcmcnl of financial activitio% thc chaTit) TS ¢lltitlcd tn thc Tn¢t>rDc aThJ thc amount can be quantified ￿'1th rrdsonable aciiifdcy. The following specific poliiies are applied IL) particular categories of inLoJni. Renis receivable represent the ioial renial inLome received from members who siore their bLtses * the museum. Granis and donatjons for specifjc purposes are ciediled 10 a designakd reseTve until such tin)e as that PUTpose is niet. Where bTrrant8 and donations are given for wific pu￿Se$ I￿n ihey are s¢paraiei1 into endownieni funds {to be kept on a pennaneni basis), resLriiled funds (given for specifi£ purposel and llnreslricLed funds (gifven Lo be utilised as the Iruslees thinks bcst Suit Ihc charitY}. DonalLd goods, SLfviLiS and faLilJtics arc Included at thc NaluL io the charily whcrc this ean bc quaThiified. ThL value of services proi'idtd by our volurbteers has not been included in iht accounts. Invcstmcnl inLOmC 1% incllldcd whcn rcccivablc_ Expenditurt Liabilities are recognised as expe￿it￿re as soon &$ there is a legal or Constructi￿ oblikiation commiltingy the charitv 10 ihat expendiillre, il is probable ihal a iransftt ofeconomic benefits )iill be required in seiilemenl and the amounl ofihe obligalion can bc rnCdSLircd rclidbly. Expcnditurc is xcuuntcd for on an accrudl4 basis and bccn Llds¥ificd undLr hcadin¥% that aggregate all cost related io the category. Where c05rs cannot be diredly attTibuted to particular kadings they have been allocalld to aLtivities on a basis ¢onsist¢nt with thc of r¢sow¢¢s. Tangible fixed assets All fixcd arc tnluwicd at LO%t Ick% ¢iLLumulaicd dcptfLiaiion_ DcprccidliL)n is piovidcd dl rato% LalLul¥tL'd tv wiitc Ihe c05t of the f1xed asseii, les5 Iheir estimated resjdual N'alue, 0￿er iheir expected usefvl li￿e$ on the following bases.. Plant & Machinery 250/0 redu¢ing balance Motor vehi￿leS l. 10/0 Straight lint Taxatio The charily ib exempi from ¢orporaiion ￿ on its charithble aciiviiies. UnrLstrLlt￿ funds USLd i￿Lord￿n£t with thc Lhan"141blc objcLtivc& at thc disLTCtion of the trustecs. Restricied funds ian onl) bt Used for particular reslricted PUTry>ses within Ihe objecls ofihe charily. Reslriclions arise when pecititd hy the dnn(Ir oi when awc raiRed Inr particular r6strirted purtKJS. Furthcr Lxplanation of ihc nalllrc and putpo of Lrych fund is incllldcd in thc nolcs to thc finatlLial staicmcnts. Page 9 continued...

Keighlo)" Bus Mllsoum Trust Limiled Notes t￿ the Finnci#l S1attme￿ts- eontinued lor th¢ l-ear Ended 31 J￿1.¥ 21125 OTHER TIL4DIF4G AcfiN'ITIES 31.7.25 31.7.24 as restaied rundraising events Oilier income Rentq received 6,086 178 88.(k80 89,738 INVESTMENT INCOME 31.7.?5 31.7.24 as restsied Bank intcrcst rcccivcd 2¥0 NET IYCOTrIEI(EXPENDITI:RE) iwel incomel{¢xpendiiurel LS sialed aÉier ¥haTgingllcr¢diiing)= 31.7.24 rLlaiLd Depreciation- owyjed as5eis Indcpcndcnt cxamincTS rctnuncraiion 1,0211 1147 TRUSTEES, REMUNEIL4TION AND BENEFITS There WLre no trugtL'S' refftun¥fdiion or othLr tKnefits for ihc ycarendL￿ 31 July 2025 nor for ihe cndcd 31 July 2024. Trust¢￿, CAPeNSL% There were no ￿U$￿¢s, eKpenses paid for th¢ year enthd 31 Julv 2025 nor for Ilie )ear ended 11 July.?024. COMPAIL4TII'ES FOR THE ST.4TE￿1Ef4T OF FINANCIAL ACtIVlTIES UnpsiTlCted Re51ricd lunds rund Endoivment ruEM15 Total rund ￿Slated INCOME AND ENDow￿lENTs FROM Donations and legacie5 (26.282) (26.282) Othcr trnding activitic Invesiment income Total 91,636 91,636 67.693 EXPENDITURE ON Raising funds 6.841 6,841 Charilable actiirytie5 Charirable a¢tii'iiies- ¢xpenditure 74.878 775 75,653 Page 10 continued...

Keighlo)" Bus Mllsoum Trust Limiled Notes t￿ the Fin*nci#l S1attme￿ts- eontinued lor th¢ l-tar Ended 31 j￿1V 21125 COMPARATIN'ES FOR THE STATEIIIENT OF FITrIA.NCI.4L.4CtIVlTIES- tootinued Unr=slTirlEd fimds Rt51nrled fi￿d Endoivrn¢nt Thds Tot31 fun as re%tated Total 111.719 775 82,494 NET INcofwlEIIEXPENDITURE) Transfers be￿,e¢ll funds Net moi'eTheMt in fund5 14.0?61 55.265 1775) 55.2651 li6,040) (14,8011 (14,801) RECONCILIATIOPI OF FUNDS Total iunds brought forward 162.594 5,271 I￿.588 268.453 TOTAL FUNDS CARRIED FORW'ARD O_l S_13 25_1652 PRIOR I'EAR ADJUSTI¥IE.YT A prior year adjustmeni has be¢n made to reclassify a E35.000 loan re¢eii'ed whi¢h had been misposted to donations rcceived. Repavmenis are being tnade It￿Ollgh a iombinaiioD of direct paymenis lo the lender aDd a reduclion renlal P<iyrncnt% (luc fiorn thc Icndcr in acrordancc with thc Iv41n agrccTllCllt. TANCIBLE FIXED A&SETS Freehold propeny leei A leLM B Equiprneni Toials At l August 2024 Addition AI 31 JLily102S DEPRECIATION Ai l Augus1 ?024 Chai.tsL. foi ylar Ai 31 July 2025 NET BOOK V.4LUE Ai 31 Jul}. 2025 AL 31 July 2024 553.701 310(Y) 38.466 17.444 4.8QO 641,611 553.701 38.466 646.411 8.806 35? 9.li8 10.146 17,228 53 17.481 36,180 10.569 553.701 553 701 27.897 (?09 203 605 431 Pagell continued...

Keighlo)" Bus Mllsoum Trust Limiled Notes t￿ the Fin*nci#l S1attme￿ts- eontinued lor th¢ I".tar Ended 31 J￿1.¥ 21125 DEBTORS: AMOUNTS FALLINC DUE W'ITHIN ONE YEAR 31.7.25 31.7.24 as restaied Tiadt debtOT5 Prepayments 2.030 10. CREDITORS: AfvIOUryTS FALLING DUE WITHIN OliE YEAR 31.7.25 31.7.24 rcstaicd Oiher loans {set note 121 ALeTual% and d£fcrrcd incorne 42.0(Xl 63,(N)O 1,440 CREDITORS: AMOUYTS FALLING DUE AFfER IIORE TH.4h ONE YE.IR 3 1.7.24 as re5taled Othcr loan% Iscc note 12} 282 333 303 333 12. An analysis ofthe maturily ofloani is given below.. 11.7.?.4 as rcbtatcd AmoLinis falling due within one year ort demand.. oIIILr ltsdn Amouuts falling beiween one and iwo years= OihLr loans- 1-2 yLars Amounrs falling due benveen 2nd five years- Oihlr lo&ns 2-5 yLars Amounts falling due ill T￿bre than five yeaT5'. Rcpdydblc by In%tsltncTrts- Oiher loans more 5yrs instal 128.3_33 161,313 Page 12 continued...

Keighlo)" Bus Mllsoum Trust Limiled Notes t￿ the Fin*nci#l S1attme￿ts- eontinued lor th¢ l-ear Ended 31 J￿1.¥ 21125 13. SECURED DEBTS The following seellred debts are included wiihin credi1(￿S= -11.7.?5 31.7.24 as reslaied OilLer loans 303 3.33 338 333 The loan is se¢iired against the freehold pioperty owned by the knhanty. 14. MOVF.MF.NT IN FUNDS Prior ycrflf adjusmient Al 31.7.25 AT 1.8.24 in fvnds Unrestrfcted funds Unr¢siricted 231.833 128.0(Mll 39,082 242,915 Restricted fund5 RLslriiled funds 5271 {.3911 4,S8 Endov4'ment fuDds FILLt A 13521 21,341 2?,432 i-o-rAI. Tr LINDS 281 652 291568 Net moveTnent in funds. included in the above are as follows= Incomin r¢sgurcc5 Resource Mov¢m¢nt in fun(b Unrestricted fund5 Unre51ricted 107,?17 {68.1351 39,082 Restricted funds RcstriLtLd funds 13911 (3911 Endowment funds Flcct A Fleet B 13521 13521 7751 69 ROII 7751 TOTAL FUNDS 107 17 Page 13 continued...

Keighlo)" Bus Mllsoum Trust Limiled Notes t￿ the Fin*nci#l S1attme￿ts- eontinued lor th¢ l-ear Ended 31 J￿1.¥ 21125 14. MOVEL¥IENT IN FUTrIDS- CODtinued Comparative5 for movement in fuDds Net movemeni in funds Transfers between At 1.8.23 31.7.24 Unrcstrieted lunds Unr¢stncted 114.0261 203.833 Restricted fund5 Rt%triited funds 5271 5,271 EThdOTh￿ent fuDds Fleei A Flcit B Mr l)avid Ilentley l)ec'd 13521 21,693 22,855 55,?651 5 j ?651 7751 TOTAL FUNDS 268 453 253 652 Comparaiive nei movemeni in funds, includ¢d In ihe at￿)ve are as follows.. Incoining resour¢L Resource expended Movement in fun Unrestrirted funds UnTC51fiLtLd 67.693 (81,7191 114,0261 Ertdowment funds Flcit A Fleei B 13521 13521 17751 82.4941 TOTAL TrUNDS 14 8011 Page 14 continued...

Keighlo)" Bus Mllsoum Trust Limiled Notes t￿ the Finnci#l S1attme￿ts- eontinued lor th¢ l-ear Ended 31 J￿1.¥ 21125 14. MOVEL¥IENT IN FUTrIDS- CODtinued A cu￿ent year 12 months and prior year 12 months combined p)sition is as follows.. Prior vear adjustment Net movemenl in fund Transfers between Al 31.7.25 Ai 1.8.23 Unrcstrieted lunds Un￿trICted 16?,594 128.(W) 25,056 214,915 Restricted fund5 Rcsiricied ￿ndS 5.271 {3911 4,880 EThdOTh￿ent fuDds Fleei A FI￿cl B Mr l)avid Eleniley l)ec'd 2?.045 {7041 18461 21.141 22,432 5.265 ICQ.5X% 26S" 4)3 55,)65} 55 ?651 1.5501 TOTAL FUNDS 263 568 A ¢unYni year 12 monihs and prior year 12 monihs Combined net moverneni in funds, included in the above are as follows.. Incoining resour¢L Resource expended Movement in fun Unrestrirted funds UnTC51fiLtLd 174,910 (149,g541 25,056 Restricted funds Rc%triLtcd tuiids 13911 Endowmcnt funds Fleet A Fleel B 17041 18461 (7041 8461 ,5501 TOTAL FUNDS 174910 1517951 Page 15 continued...

Keighlo)" Bus Mllsoum Trust Limiled Notes t￿ the Finnci#l S1attme￿ts- eontinued lor th¢ l-ear Ended 31 J￿1.¥ 21125 RELATED PARTY DISCLOSURES During the year the charity recei￿.ed rental income from trn51tts for the storage cost of tlieir own buses on the museuin's prL'miscs. Thib wus Lhur¥cd Ut thc sdtllL" rutkn fur othcr mcMbL.￿ and Ivas illtclldcd tu llLLurutcly rctlcct thc slurn¥c LOSL incurred by ihe Tllu5eum. 16. ENDOWMENT FUTrIDS FlcLt A In 19W Ihe Tnuseum received funding ol £IO.ilK) in lolal io purch￿ nine vehicle5 from ihe failed Transperienie colleclion, und¢r thc tcrtn% ot thc tunding th¢ TnUSCUm cffcctiTr"rlv cannot of thrkn i'chiclcg and Is r¢%￿￿57b1c Inr Ihcir gcncral maintenai)¢e and upkeep. The funding re¢ei%"ed was made up ofgTants from the rnstees of the Naiinnal Heritage Meinorial Fund IL20,5(K)I. thL SLiLncL MusLum PRISM Fund I£5,￿KIl aThl a Bradfard counLiI grant1£5,IX)01. Fleei B In 1999 the Tnuseiiill was gifted fouT old Leeds buses froTll the Leeds Regeni Group. Under the terrns of the gift the museum LiiIinot disposL of thtsl blis¢5 and is rLsponsible for gcnctal maintcnan¢e and upkeep. Mr David Beniley dec'd In March 2017 rhe museum received a legacy from esTaie of Mr fjavid Benilev dee'd. Under Ihe iemhs of This legac). this is lo bL SPLLifitally USLQ for ihc purposL oFaLquiring p￿miSi5 for ihe Ik"ncfii of Lharitj. Frcchold propLrty was aLqllircd in the 2024 tinancial year and this tund was rel&￿ed as part of fundiTi8 this PUTchase. 17. RESTRICTED FUNDS TherL has becn movLmLni of L391 thc ￿￿trictl￿ funds durin! thc ylarindcd 31 July 2025. The Chaniy ljolds £4.880 of which £I,fi￿ is the re%idue of Ll.l)On which was gitled froin ihe Leeds Transport Historical SoLieiy for one use onl in inainlaining and resiorina former Lt<ds buses. Resloralion work on Leeds 980 xiill soon be in pro¥ros% and Ihc%c fund¥. will ClKL%idcrdbly rcduccd in thc ncar fututc. Js. COMPANY LINIITED BY C.U.ARANTEE The company is limited by guarani=e and hab no share capital. rvery rnernber of ihe company undertakes io coniribuie io th¢ assets of th¢ company. in ihe event of a willding up, such an nount as inay bc required tLOI exLLxdin8 Ll. Page 16

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