REGISTERED COMPANY NUMBER: 03417427 (England and Wales) REGISTERED CHARITY NUMBER: 01074702
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
FOR
RIBBLE VEHICLE PRESERVATION TRUST LIMITED
Wallwork Nelson & Johnson Chandler House 7 Ferry Road Office Park Riversway Preston Lancashire PR2 2YH
RIBBLE VEHICLE PRESERVATION TRUST LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| Notes to the Financial Statements | 8 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
RIBBLE VEHICLE PRESERVATION TRUST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. 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).
The report is prepared in accordance with the small company regime (section 419(2) of the Companies Act 2006).
OBJECTIVES AND ACTIVITIES Objectives and aims
The objectives and aims of the charity in the year under review were to:
-
preserve the heritage of Ribble Motor Services of the period 1919 to 2013,
-
preserve, restore and where possible operate buses which served in the Ribble fleet during those years,
-
maintain an archive of Ribble artefacts which help to tell the story of the company,
-
use our restored buses in service at historic bus events, local festivals, educational schools visits and in support of other local charities where it is appropriate.
When planning the activities for the year the Trustees have considered the Commission's guidance on public benefit. The policy of Ribble Vehicle Preservation Trust is to display the collection of restored vintage buses in public places to illustrate to the public how vehicle design and operation has changed over the decades.
The charity regularly uses its vehicles to provide free services to the public so that they can enjoy the experience of riding on vintage buses. This is often done in conjunction with, and in support of, other local charity and heritage groups.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
It has been another busy year for the RVPT with the usual events at Morecambe and Leyland both being a great success, the weather at Morecambe being another lovely sunny day which always bring in the crowds. A new event organised in association with the Ribble steam Railway proved popular as it was probably the first time that the public have had access to our facilities at Freckleton, with the first few shuttle buses to our depot all being full, we even had to provide a couple of duplicates to cater for the crowds.
This year also saw the return of an old event at Lytham Hall, but this time as a smaller event. As well as attending other groups events, extra events that schools sometimes request like appearing in Carnivals etc, the main aim of the group is for as many people as possible to enjoy our buses.
The restoration of our vehicles continues at Freckleton, with our usual band of regular volunteers. Work is already in hand on deciding dates for next years events, making sure they don't clash with any other local events, which buses we will be using for them, as having a large fleet means we can rotate their use, so after a few years on the scene, we can park one up and bring another one out. This also gives us chance to service and keep them in tip top condition, as well as generating a bit of interest.
We would like to thank all our volunteers, members and supporters for the work they do in keeping the Trust running.
FINANCIAL REVIEW
Principal funding sources
The principal funding sources during the year were from sponsorships and donations.
Page 1
RIBBLE VEHICLE PRESERVATION TRUST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
FINANCIAL REVIEW
Reserves policy
In accordance with guidelines issued by the Charity Commissioners, the Trustees have adopted a policy regarding the reserves which should ensure that:
a) Excluding those funds allocated to fixed assets, general reserves do not exceed more than 15 months anticipated expenditure;
b) There are adequate funds to ensure that the Charity is able to meet all current and known future liabilities.
The level of resources is considered at regular intervals by the Finance Committee.
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.
The results for the year and financial position of the company are as shown in the annexed financial statements.
The company became a Registered Charity (No 1074702) on 17 March 1999 under a Trust Deed which is registered with the Charity Commissioners. All the directors have been appointed as trustees.
Investment decisions are delegated to professionally qualified managers.
The directors are satisfied that the accounts comply with current statutory requirements, the Trust Deed and the Statement of Recommended Practice 2005 'Accounting and Reporting by Charities'.
Directors are appointed by the Board of Trustees subject to approval at the following Annual General Meeting. The documents containing the provisions that regulate the purposes and administration of the charity are the company's Memorandum and Articles of Association.
Related parties
There were no related party transactions during the year. The trustees did not receive any remuneration or amounts in respect of expenses in the year.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03417427 (England and Wales)
Registered Charity number
01074702
Registered office
Chandler House 7 Ferry Road Office Park Riversway Preston Lancashire PR2 2YH
Page 2
RIBBLE VEHICLE PRESERVATION TRUST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
Trustees
M L Smith J Green L D Jobson T Jobson P Johnson W Livesey D Gardner C J L Smith (appointed 19/1/2025) S P Martin (appointed 19/1/2025)
Company Secretary
L D Jobson
Independent Examiner
Michael James Barker Wallwork Nelson & Johnson Chandler House 7 Ferry Road Office Park Riversway Preston Lancashire PR2 2YH
Bankers
NatWest Bank 68 Church Street Lancaster LA1 1LN HSBC 26 Market Street Chorley PR7 2RX
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 18 January 2026 and signed on its behalf by:
L D Jobson - Secretary
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RIBBLE VEHICLE PRESERVATION TRUST LIMITED
Independent examiner's report to the trustees of Ribble Vehicle Preservation Trust Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.
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.
Michael James Barker
Wallwork Nelson & Johnson Chandler House 7 Ferry Road Office Park Riversway Preston Lancashire PR2 2YH
18 January 2026
Page 4
RIBBLE VEHICLE PRESERVATION TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 66,478 Other income - Total 66,478 EXPENDITURE ON Raising funds 8,014 Charitable activities Restoration of motor transport buses and coaches 49,394 Total 57,408 NET INCOME/(EXPENDITURE) 9,070 RECONCILIATION OF FUNDS Total funds brought forward 199,629 TOTAL FUNDS CARRIED FORWARD 208,699 |
Restricted fund £ - - - - 1,100 1,100 (1,100) 58,000 56,900 |
2025 Total funds £ 66,478 - 66,478 8,014 50,494 58,508 7,970 257,629 265,599 |
2024 Total funds £ 63,057 1,100 |
|---|---|---|---|
| 64,157 | |||
| 7,383 51,817 |
|||
| 59,200 | |||
| 4,957 252,672 |
|||
| 257,629 |
The notes form part of these financial statements
Page 5
RIBBLE VEHICLE PRESERVATION TRUST LIMITED
BALANCE SHEET 31 AUGUST 2025
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 118,201 CURRENT ASSETS Debtors 7 17,019 Cash at bank and in hand 75,631 92,650 CREDITORS Amounts falling due within one year 8 (2,152) NET CURRENT ASSETS 90,498 TOTAL ASSETS LESS CURRENT LIABILITIES 208,699 NET ASSETS 208,699 FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 56,900 - - - - - 56,900 56,900 |
2025 Total funds £ 175,101 17,019 75,631 92,650 (2,152) 90,498 265,599 265,599 208,699 56,900 265,599 |
2024 Total funds £ 184,214 13,366 61,548 74,914 (1,499) 73,415 257,629 257,629 199,629 58,000 257,629 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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.
The notes form part of these financial statements
Page 6
continued...
RIBBLE VEHICLE PRESERVATION TRUST LIMITED
BALANCE SHEET - continued 31 AUGUST 2025
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 18 January 2026 and were signed on its behalf by:
M L Smith - Trustee
The notes form part of these financial statements
Page 7
RIBBLE VEHICLE PRESERVATION TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
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.
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
Assets purchased for use by the charity on an ongoing basis are capitalised.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land - nil Buildings - 2% on cost Plant and machinery etc - 20% on cost
The company has in its possession approximately 30 commercial vehicles and certain plant and equipment, all of which have been gifted to the charity or acquired at costs that cannot be determined.
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.
Going concern
The trustees have considered the expected income from various sources for the next twelve-month and five-year periods and planned expenditure accordingly.
If income falls short of expectations, the trustees are confident that the expenditure can be controlled such that together with retained reserves there are sufficient funds such that there is no threat to the charity being able to continue as a going concern
continued...
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RIBBLE VEHICLE PRESERVATION TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
2. DONATIONS AND LEGACIES
| Sponsorship Gift aid Collection/donation Leyland Society Rally RVPG 1467 Restoration NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Auditors' remuneration Depreciation - owned assets Surplus on disposal of fixed assets |
2025 £ 37,066 13,105 8,064 180 7,880 183 66,478 2025 £ 1,740 9,113 - |
2024 £ 36,180 9,717 3,625 - 13,167 368 63,057 2024 £ 1,680 8,484 (1,100) |
|---|---|---|
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 63,057 Other income 1,100 Total 64,157 EXPENDITURE ON Raising funds 7,383 Charitable activities Restoration of motor transport buses and coaches 50,717 Total 58,100 NET INCOME/(EXPENDITURE) 6,057 |
Restricted fund £ - - - - 1,100 1,100 (1,100) |
Total funds £ 63,057 1,100 |
|---|---|---|
| 64,157 | ||
| 7,383 51,817 |
||
| 59,200 | ||
| 4,957 |
continued...
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RIBBLE VEHICLE PRESERVATION TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund £ £ RECONCILIATION OF FUNDS Total funds brought forward 193,572 59,100 TOTAL FUNDS CARRIED FORWARD 199,629 58,000 6. TANGIBLE FIXED ASSETS Freehold Plant and Motor Computer property machinery vehicles equipment £ £ £ £ COST At 1 September 2024 and 31 August 2025 233,767 29,543 22,795 939 DEPRECIATION At 1 September 2024 66,689 25,360 10,537 244 Charge for year 3,675 3,270 2,079 89 At 31 August 2025 70,364 28,630 12,616 333 NET BOOK VALUE At 31 August 2025 163,403 913 10,179 606 At 31 August 2024 167,078 4,183 12,258 695 |
Total funds £ 252,672 257,629 Totals £ 287,044 102,830 9,113 111,943 175,101 184,214 |
Total funds £ 252,672 |
|---|---|---|
| 257,629 |
The Charity has in its possession approximately 33 commercial vehicles and certain plant and equipment, all of which have been gifted to the charity or acquired at costs that cannot be determined. Some are on long term loan to the charity.
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments
| 2025 | 2024 |
|---|---|
| £ | £ |
| 17,019 | 13,366 |
continued...
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RIBBLE VEHICLE PRESERVATION TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
| 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 9. MOVEMENT IN FUNDS At 1.9.24 £ Unrestricted funds General fund 199,629 Restricted funds Building purchased with lottery funding 58,000 TOTAL FUNDS 257,629 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 66,478 Restricted funds Building purchased with lottery funding - TOTAL FUNDS 66,478 Comparatives for movement in funds At 1.9.23 £ Unrestricted funds General fund 193,572 Restricted funds Building purchased with lottery funding 59,100 TOTAL FUNDS 252,672 |
2025 2024 £ £ 2,152 1,499 Net movement At in funds 31.8.25 £ £ 9,070 208,699 (1,100) 56,900 7,970 265,599 Resources Movement expended in funds £ £ (57,408) 9,070 (1,100) (1,100) (58,508) 7,970 Net movement At in funds 31.8.24 £ £ 6,057 199,629 (1,100) 58,000 4,957 257,629 |
|---|---|
continued...
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RIBBLE VEHICLE PRESERVATION TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 64,157 | (58,100) | 6,057 |
| Restricted funds | |||
| Building purchased with lottery funding | - | (1,100) | (1,100) |
| TOTAL FUNDS | 64,157 | (59,200) | 4,957 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Building purchased with lottery funding TOTAL FUNDS |
At 1.9.23 £ 193,572 59,100 252,672 |
Net movement in funds £ 15,127 (2,200) 12,927 |
At 31.8.25 £ 208,699 56,900 |
|---|---|---|---|
| 265,599 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 130,635 | (115,508) | 15,127 |
| Restricted funds | |||
| Building purchased with lottery funding | - | (2,200) | (2,200) |
| TOTAL FUNDS | 130,635 | (117,708) | 12,927 |
Unrestricted funds:
Unrestricted funds are used for the charity's general purpose and objectives as outlined in the Report of the Trustees on pages 1 to 3.
Restricted funds:
Funds received from the Heritage Lottery Fund are restricted for the purpose of premises in which to store the Trust's collection of historic buses. They are not used for any other purpose.
continued...
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RIBBLE VEHICLE PRESERVATION TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2025.
11. COMPANY STATUS
The company is limited by guarantee and has no issued share capital. The liability of its members shall not exceed £1 each.
Page 13
RIBBLE VEHICLE PRESERVATION TRUST LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025 |
||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Sponsorship | 37,066 | 36,180 |
| Gift aid | 13,105 | 9,717 |
| Collection/donation | 8,064 | 3,625 |
| Leyland Society Rally | 180 | - |
| RVPG | 7,880 | 13,167 |
| 1467 Restoration | 183 | 368 |
| 66,478 | 63,057 | |
| Other income | ||
| Sale of scrap | - | 1,100 |
| Total incoming resources | 66,478 | 64,157 |
| EXPENDITURE | ||
| Charitable activities | ||
| Telephone | 107 | 306 |
| Postage and stationery | 5,030 | 3,970 |
| Advertising | 559 | - |
| Motor fuel | 5,337 | 3,189 |
| Motor vehicle repairs | 15,060 | 18,586 |
| Motor vehicle insurance | 3,307 | 3,453 |
| Event expenses | 200 | 940 |
| 29,600 | 30,444 | |
| Support costs | ||
| Finance | ||
| Bank charges | 134 | 745 |
| Other | ||
| Rates and water | 3,837 | 3,989 |
| Insurance | 4,270 | 3,397 |
| Light and heat | 4,382 | 2,953 |
| Sundries | 662 | 495 |
| Premises repairs and renewals | 3,249 | 3,526 |
| Property rent | 1,520 | 3,488 |
| Freehold property depreciation | 3,675 | 3,675 |
| Plant and machinery depreciation | 3,270 | 2,639 |
| Motor vehicle depreciation | 2,080 | 2,080 |
| Computer equipment | 89 | 89 |
| 27,034 | 26,331 |
This page does not form part of the statutory financial statements
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RIBBLE VEHICLE PRESERVATION TRUST LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
| FOR THE YEAR ENDED 31 AUGUST 2025 | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Other | ||
| Governance costs | ||
| Auditors' remuneration | 1,740 | 1,680 |
| Total resources expended | 58,508 | 59,200 |
| Net income | 7,970 | 4,957 |
This page does not form part of the statutory financial statements
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