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 Fin*neial AetiTrities
Statemenl of Finaltial Position
Notes to the Fin*nci#l St#tements
9 tv 16

Keighlo)" Bus Mllsoum Trust Limiled
Reference alld Administr*tii"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 dcti*tion 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 ha*e 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 Tr*ining
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 TrustL*s 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 i*hc 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#nci*l St*iemtnis
lor th¢ year Ended 31 J￿1.¥ 21125
ACCOUNTING POLICIES
Basi5 of prep3Ting the financial s*atemeDts
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¢i*l 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 purtKJ*S.
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 Fin*nci#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
rL*laiLd
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
Re51ric*d
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 Fin*nci#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 Fin*nci#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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