Reglstered number: 04180535 Charlty number: 1089874 MERSEYSIDE TRANSPORT TRUST (A company limlted by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 'ADFYYIWJ* 1611112024 COMPANIES HOUSE A03
207
MERSEYSIDE TRANSPORT TRUST (A company Ilmited by guarantee) CONTENTS Page Referenco and administrati detalls of the Charity, its Trustees and advlsers Trustse•' report Independont examlner's rèport Statement of flnanclal activities Balance sheet Notes to th• financlal 5tatementg 8-18
MERSEYSIDE TRANSPORT TRUST {A company Ilmlted by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees S J Kelly. Chair A Pèndleton A Rlgby N M Hilton, Secretary P M Cammack M S Peplow, Treasurer Company reglstsred numb•r 04180535 Charlty regi•t•r•d numb•r 1089874 Regl•tored offl¢• 9 Edington Street Llverpool L154NB Accounlants Seavor (South Cumbrla) Llmited Chartered Accountanls The Offlce Mardale Road Penrlth Cumbrla CA119EH Page 1
MERSEYSIDE TRANSPORT TRUST (A company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees presenl their annual report together the financial statements of the Merseyside Transport Trust for the 1 April 2023 to 31 March 2024. The Annual Teport seNes the pUryses of both a Trustees, report and a directors, report under cornpany law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements. the requirements of the charitable compansls governing document and thè provisions of the Statement of Recommended Practice <SORP) applicable to charitie5 preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republlc of Ireland (FRS102) (effective 1 January 2019). Since the Charity qualifies as smatl under section 382 of the Companie5 Act 2006. the Strategic report required of medium and large companles under the Companies Act 2006 (Strategic Report and Directors, Report) Regulations 2013 has been ornitted. Objectlves and actlvltles • Pollc50• and obJ•ctlv•s In setting objectives and planning for activities, the Trustees have given due consideratlon to general guidance published by the Charity Commission relatin9 to public benefrt, including the guidanc8 'Public benefit: running a charlty (P82)'. • Strate9le8 for achl•vlng obJ•¢tlve8 The Trust has organised and delivered several events designed to showcase th8 Trusvs collection to the general public which provide 8 supplementary income 8tream to BUPPOrt the ongoing maintenance and restoration of V8hide8 in the collectlon. • Activit1•• und•rt•k•n to Ichl•v• objoCtIv•s In additlon to the organlsed events detalled in the °Revlaw of Activitles. sectlon below, the Trust has provided skills developmenl opportunities for volunteers actively VrkIng (under supervision) on restoration and maintanance of the Trust's vehicles at its 8urscough b85e. Achlevernents and perfomiance R•vlew of actlvitles The Trust Ofganlsed 3 rnaln ac16vllles durlng ihe year whlch helped wlth our fund ralslng. In Aprll, 8 8eer and Buses Running Day was held and this was followed in July by the Burscough Open Day. Whilst Seplember saw the relum of the ever popular Llverpool Running Day. Fund raising was also undertaken from the MTT stall and from providtng our vehides in support ol other events. • Fundrnlslng activities and income generation Membershlp subscriptlons and particularly donatlons from Members and Frlends of the Trust were augmented by donations and sales arising direclly from the thr8e events organised during the year. Further rental incorne as received from individu81 vehicle owners and the 502 gTOUP, • Investment pollGy and perfonnance The Trustees operate wrthin the goveming document. the Memorandum and Articles of Associaticfft having regards to the guidance provided by th8 Charitles Commission and in accordance with the Trustees Act 2000. Page 2
MERSEYSIDE TRANSPORT TRUST IA company Ilmltod by guarantee) TRUSTEES. REPORT {CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal revlew • GoSng con¢•rn After making appropriate enquiries, the Trusleos have a reasonable expectation that the Charity has adequate resources to continue in operallonal existence for the foreseeable future. For this reason, they continue lo adopt the going concem basis In preparing the financial sktements. Further details regarding the adoptlon of the golng concem basis can be found in the accounting policies. • Reserves policy The Tfustees have reviewed the charltys requlrement for reserves. The Tnjst has a slgnttlc8nt number of vehides awaiting restoration as w61186 an overriding requirement to keep the entire collection in a secure, saf8 vndercover storage. In the longer term thls requirement would be best met by acqulring a suFlable freehold storage site as opposed lo Ihe current rented premises. Having reg8rd to these matters Ihe Trustees believe the current level of resenies to be adequate,, the inlentlon over the medium to long tem will be progressively to augment them. • Prlncipal ri•kJ and un¢•rtalntl•• The Trustees have assessed the rnalor rlsks to whlth the charlty Is exposed. In partlGular those related to the operations and finances of the charity and are 8atisfi8d that systems and procadures are In plac8 to mitSgat8 our exposire lo the major rlsks. 5tructur•> gov•rnanc• and manag•rn•nt • Constltutlon Merseyslde Transport Trust Is registered as a charitsble company limlted by guaranteb and was set up by a Memorandum of Association. • Methods of appolntfflent or electlon of Trustee• The management of the Charity is the responsibl'ty of the Trustees who are elected and COwOPted under the terni8 of the Memorandum of Asscciatlon. • Organlsatlonal strudure and declslonamaklng pollcles The Trust benefits from a 'flal' organisational structure. Declsion making is a straightforward process- there are no sU¢0MmIttee$ or management committee. The Truslees typically meet on a monthly basis andlor as required and receive reports from the Chairman, Treasurer and Secretsry. The Treasurer also circulates a monthly financial report electronlcally independent of Truslees. meetings. • Pollcles adoptsd for the Inductlon and tralnlng of Trustees New Trustees are provided with the Trust's key d0MentS and existing Trustees mentor them and explain the Trusvs operalional details, The Charities Commission leallet 'Responsibilty of Charity Twstees. is also providad to new TTUStees. Page 3
MERSEYSIDE TRANSPORT TRUST IA company Ilmlted by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structur•p governance and management (contlnued) • Flnanclal r15k management The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satlsfied that systems anfj procedures are In place to mltigats exposure to the major risks. Statement of Trustoe•' r••pon$lbilities The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees, report and the financial slaternents in accordance with applicable law and United Klngdom Accountlng Stsndards (Unlted Klngdom Generally Accepted AGGountlng Pracllce). Company law requires the Trustees to prepare financial statements for each financSal Under company law, the Trustees must not approve Ihe financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that Period. In preparing these financial statements, the Trustees are required to.. select suitable accounting policies and then apply them consistently: observe the methods and principles of the Charities SORP (FRS 102); make judgments and accountlng estimates thal are reasonable and prudent., state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any materlal departures dlsclosed and explained In the finanGlal statements; prepare the financial slatements on the going concem basis unless it is inappropriate to presume that tho Charity will continue in business. The Trustees are responslble for keeping adequate accountlng records that are sufficient to show and explaln the Charitys transactions and disclose with reasonable accuracy at any lime the financial posilion of the Charity and enable them to ensure thal the fin8nci81 st8lemenls comply with the Companies Acl 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the preventlon and detectlon of fraud and other irregularities. Approved by order of the members of the board of Trustees on 21 October 2024 and slgned on Ihelr behalf by: S J Kelly (Chair of Trustees) Page 4
MERSEYSIDE TRANSPORT TRUST IA company Ilmited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MERSEYSIDE TRANSPORT TRUST (Ihe Charlty.) I report to the charity Trustees on my examinaOn of the accounts of Ihe Charlty for the year ended 31 March 2024. RESPONSIBILrriES AND BASIS OF REPORT As Ihe Trustees of the Charity (and it$ directors for the purposes of company law) you are responslble for the preparation of the accounts in 8¢cordan¢e with the requirements ot the Companies Act 2006 {'the 2006 Act,). Having satlsfied rnyself that the accounts of the Chartty are not required to be audited und6r Part 16 of the 2006 Act and are ellgible for independent examlnation. I report In respect of my 8xaminallon ol the Charivs accounts carried out under section 145 of the Charities Act 2011 I'the 2011 Acl,). In carrying out my examination I have followed the Dlrectlons given by the Char5ty Comm15sion under seclion 145(5)(b) of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have compleled my examination. I confimi Ihat no Matters have come to My attentlon In connect5on with the examinatlon givlng me cause to belleve: accounting records were not kept in respect of the Charfty as rèquired by section 386 of Ihe 2006 Act., or the accounts do not accord with those records; or the accounts do not comply with the accounling raquirements of 8ectlon 396 01 Ihe 2006 Act other than any requirement that the accounts give a Irue and f8ie view whlch is nol a matter considered as part of an independent examinatlon,. or the accounts have not been prepared in accordancè wth tha methods and prfnciples of the Slatem8nt of Recommended Practice for accounting and reporting by charities [applicable to charities prep8ring their accounts in accordance wlth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concems and have come across no ather matters In conneclion wlth the examinatlon to Tr¢h ettention should b8 drawn in this report in order lo anable a proper understanding of the accounts to be reached. This report Is m8d• solely to the CharitV5 Trust•ès, as a body. in accordance With Part 4 of the Charities (Accounts and Reports> Regukllons 2008. My work has been undertaken so that I mlght state to the Charttys Trustees those matters l am required to state to them in an Independent exarninerfs report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibllity to anyone other than Ihe Charity and the Charitys Trustees as a body, for my work or lor this report. Slgned: Jonathan Miller Independent Examiner SEAVOR (SOUTH CUMBRIA) LIMrrED Chartered AcGountants Dated.. 21 October 2024 FCA DChA Page 5
MERSEYSIDE TRANSPORT TRUST (A company Ilmlted by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDrruR£ ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2024 Re3trl¢ted Unreslrl¢ted fund$ funds 2024 2024 T*tsl fund• 2024 funds 2023 Note Income from: Donatlons and legacies Other trading 8ctivrties Investments Other Incorne 3.275 39.842 6,222 1,148 8,060 43.117 5,222 1,148 9,660 43.817 4,874 373 9, 100 Total Incom• 3,275 55,872 59,147 58, 164 Expenditure on: Charllabje actlvilies 2,912 48.478 51,390 50,906 Total oxp•ndltur• 2,912 48A78 51,390 50,906 Net movem•nt In lund8 7,394 7,757 7.258 Reconclliatlon of funds: Total funds brought forward Net movement in funds 10.155 363 90,000 7,394 100,155 7,757 92,897 7,258 Tot•1 funds carrfed loard 10,518 97,394 107.912 100,155 The Statement of financial activlties Indudes 011 gains and losses recognised in the year. The notes on pages 8 10 18 forni part of these flnandal statements. Page 6
MERSEYSIDE TRANSPORT TRUST (A company limlted by guarantee) REGISTERED NUMBER: 04180535 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Current assets Deblors Cash at bank and In hand 11 587 111,310 852 101,280 111,897 102. 132 Créditors: amounts falllng due within one year 12 (3,985) (1,617) Not current agg•ts 107,912 100,515 Totsl assets less current Ilabllltles 107,912 100,515 Creditors.. amounts falllng duè after more than one year 13 (360) Net ag8ets 107,912 100, 155 Total net assets 107.912 100,155 Charlty fund¥ Restricted funds Unrestricted funds 15 15 10.518 97,394 10,155 90,000 Total funds 107,912 100, 155 The Charity was entiued to exemption from audit under section 477 of the Companles Act 2006. The rnembers have not required the company to obiain an audit for the year in question in aGcordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying wrth the requirements of the Act with r8spect io accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable lo entities subject to the small companies regime. The financial statements were approved and authorised for issue by the Trustees on 21 October 2024 and signed on their behalf by. S J Kelly (Chair of Trustees) M S Peplow (Treasurer) The notes on pages 8 to 18 form part of these financial statements. Page 7
MERSEYSIDE TRANSPORT TRUST (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 GENERAL INFORMATION The tharfty Is a rnpanY Ilmlted by guarantee. The members of the company are the Truslees named on page 1. In tha évent of the charity being wound up, the liability in respect of the guarantee is limited to £10 per Member of th charity. ACCOUNTING POLICIES 2.1 Basls ol preparatlon ol flftanclal Btatements The financial ststernents h8ve been prepared in accordance wlth the Charities SORP (FRS 102) Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charltles preparing their accounts in accordance wth the Flnancial Reporting Standard applicable in the UK and Republ1¢ of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Stsndard appF6cable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Merseyside Trensport Trust rneets the definition of a public benefit enlity under FRS 102. Assets and liabilities are initialty recognised at historical cost or transaction valu8 unless oth8Nil$e stsled in the relevant accountlng pollcy. 2.2 Incom• All Income 16 re¢ognised once Ihe Charity has entltlement to the Income. it is probable that tha Sncome wlll be received and the amount of income receivable can be measured rellably. Income tax recoverable In relation to donations received under Gift Aid or deeds of covenant Is recognlsed at the tirne of the donation. Income tax fecoverable In relatlon to Investment Income Is recognlsed at the Ilme the Investment Income Is recelvable. Other income is recognised in the period in vthich it is receivable and to the extent the goods have been provided or on completlon of the setvice. 2.3 Exp•ndltur• Expenditure Is recognised once there Is a legal or constructlve obligatlon to transfer economic benefit to a third party, 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 classified by adivlty. The costs of each actlvity are made up of the total of direct costs and shared costs, Including support costs invofved in undertsking each activity. Direcl costs attrlbutable to a single activity are allocated directly to that aclivity. Shared costs thich contfibute to more than one activity and support costs whiGh are nol attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Expenditure on charitable aciivities is incurred on dlrectty undertaking the activities which further the Charitys objectives, as well as any assoclated support costs. All expenditure is incluslve of irrecoverable VAT. 2.4 Interest recelvable Interest on funds held on deposit is included vthen receivable and the amount can be measured reliably by the Chartty: thls is nonnally upon notlfication of Ihe inlerest pald or payable by the institution with whom the funds are deposited. Page 8
MERSEYSIDE TRANSPORT TRUST (A ¢ompany Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (CONTINUED) 2.5 Debtors Trade and other debtors are recognised at the settlement arnount after any trade discount off8red. PrepaJThents are valued at the amount prepald net of any trade discounts due. 2.6 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highly liouid Investments with a short maturity of three months or less from the date of acquisition or openino ol the deposit or similar account. 2.7 Llabllltles and provlslonj Llabllitles are re¢ognlsed when there Is an obligatlon at the Balance sheet date as a result of a past evenl. it is probable that a transfer of economic ben8llt wlll be required in settlement, and the arnount of the settlement can be estimated reliabty. Liakn'lities are recognised at the amount that the Charity antiCiP8tes it will pay to setde the debt or the amount It has recelved as advanced payments for the goods or servlces It must provlde. Piovislons are measured at the best estirnale of the amounts required lo settle the obllgatlon. Where the effect of the tlme value ol money is materlal, the provision is based on the present value of those amounts. discounted al the pre-tax discount rate Ihal rellects the risks specific lo the liabilrty. The unwlnding of the dlscount Is recognised In the Statement of flnanclal aclivllles as a flnance cost. 2.8 Flnan¢lal In3truments The Charity only has financial assets and flnancial Ilabillties of a klnd that qualty as bastc flnancial Instruments. Basic finandal instruments are initlally reco9nised 8t transaction value and subsequently measured at Iheir settlement value with the exception of bank loans which are subsequently measured at amortiS8d cost uslng the effectlve interest method. 2.9 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of Ihe Chartty and which have not been designated for other purposes. Restricted funds are lunds which are to be used In accordance with speclfic restrrcti¢MS imposed by donors or which have been raised by the Charity for particular purposes. The costs of raislng and administering such funds are thar9ed 89ainst the specthc fund. Restricted funds provided by iwo donors are allocaled to the restoration and upkeep of two specific vehicles, A801 and A40. Investrnent income, galns and losses arg allocated to the appropriate fund. Page 9
MERSEYSIDE TRANSPORT TRUST (A company Ilrnlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM DONATIONS AND LEGACIES Restrlcted Unrn6trlct•d funds funds 2024 2024 Total funds 2024 Donatlons Donations Gift Ald 2,220 1,055 33,348 6,494 35,568 7,549 3,275 39,842 43,117 Restricted Unr8strtcted funds funds 2023 2023 Total funds 2023 Donatlona Donatlons Gift Aid 3, 740 195 34, 562 5,320 38,302 5,515 3,935 39,882 43,81T INCOME FROM OTHER TRADING ACTivrriES Incom• from fvndralslng event$ Unr•slricled funds 2024 Totsl funds 2024 Sale of Iransport related items 5,222 5,222 Unrestricted lunds 2023 Total funds 2023 Sale of transport related items 4,874 4,874 Page 10
MERSEYSIDE TRANSPORT TRUST (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 INVESTMENT INCOME Unrestrlcted funds 2024 Total fund• 2024 Interest receivable 1,148 1,148 Unrestricted funds 2023 Total funds 2023 Interest receivable 373 373 OTHER INCOMING RESOURCE8 Unrestrlcted fund• 2024 Total fund• 2024 Renial income 9,660 9.660 Unrestrfcted funds 2023 Total funds 2023 Rental income 9,100 9,100 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTMTIES Summary by fvnd type Re$trlcted Unrestrlcled funds funds 2024 2024 Total 2024 Storage, events. restoration and maintenan 2.912 48,478 51,390 Pagell
MERSEYSIDE TRANSPORT TRUST (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES (CONTINUED) Summary by fund type (contlnued) Restricted Unrestricted funds funds 2023 2023 Total 2023 Storage, events, resloration and maintenance 6, 700 44,206 50,906 ANALYSIS OF EXPENDITURE BY ACTNITIES Activities undertaken dlrectly 2024 Support costs 2024 Total funds 2024 Storage, events, restoratlon and malntenance 48,499 2,891 51,390 Acllvltlas undertaken dIGrIY 2023 Support Costs 2023 Tot81 fvnds 2023 Storage. events, restoration and maintenance 49,038 1,868 50,906 Page 12
MERSEYSIDE TRANSPORT TRUST (A company Ilmlted by guarantee) NofES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF EXPENDITURE BY ACTIVITIES (CONTINUED) ANALYSIS OF DIRECT COSTS Storage, •v•nts, r•storatlon and maintenanc Total funds 2024 2024 Renl rates and other premises costs Heat and light Insurances Vehicle expenses Restoration costs Op8n Day costs Sales stands 35,878 675 2.027 5,321 2,843 1,181 574 35,878 675 2,027 5,321 2,843 1,181 574 48,499 48,499 Storage, events, restoration and mainlenance 2023 Total lunds 2023 Rent rates and other premlses costs Heat and Ilghl Insur8nces Vehicle expenses Restoration costs Open Day costs Sales stands 34,197 642 2,366 5,205 5,217 998 413 34.197 642 2,366 5, 205 5.217 998 413 49,038 49,038 Page 13
MERSEYSIDE TRANSPORT TRUST (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF EXPENDrruRE BY ACTIVITIES (CONTINUED) ANALYSIS OF SUPPORT COSTS Stofagei evonts, r•storatlon and malntenanc Totsl funds 2024 2024 Administrative expenses Printing,post8ge 8nd ststionery Govemance costs 25 2,373 493 25 2,373 493 2,891 2,891 Storage, 8v&nts, restoretlon and maintenance 2023 Total funds 2023 Administrative expenses Printing,post8ge and statlonery Governance costs 62 1,313 493 62 1.313 493 1,868 1.868 INDEPENDENT EXAMINER'S REMUNERATION 2024 2023 Fees payable to the Charitys independent examiner for the indep8ndenl oxamination of the Charitys annual accounts 480 480 10. TRUSTEES, REMUNERATION AND EXPENSES During the year, no Trustees received any remuneralion or other benellts (2023 - £NIL). During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NILJ. Page 14
MERSEYSIDE TRANSPORT TRUST (A company Ilmlt•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. DEBTORS 2024 2023 Due wlthln one year Prepayments and amed income 587 852 $87 852 12. CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 2024 2023 Accnjals and deferred Income 3,985 1,617 13. CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR 2024 2023 Accruals and deferred Income 360 14. FINANCIAL IN8TRUMENT8 2024 2Q23 Flnanclal assets Financial assets measurèd at fair value through incom8 and éxpenditure 111,310 101,280 Financ581 assets measured al fair value through Income and expenditure cornprise cash and bank balances. Page 15
MERSEYSIDE TRANSPORT TRUST (A company Ilmlted by guaranlee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. STATEMENT OF FUNDS STATEMENT OF FUNI)S - CURRENT YEAR Balance at 31 March 2024 Balan¢e at 1 April 2023 Income Expendltur• Unr•$trlct•d fund8 Goner81 Funds 90,000 55.872 (48.478> 97,394 R•strlcted funds Restrlcted Fund 10.155 3,27S (2.912) 10.518 Tolal of lund$ 100,155 59,147 (51,390) 107,912 Page 16
MERSEYSIDE TRANSPORT TRUST (A company Ilmlted by guarantaé) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. STATEMENT OF FUNDS (CONTINUED) STATEMENT OF FUNDS - PRIOR YEAR BalanGe at 31 March 2Q23 Balance al l Apnl 2022 Incom6 Exp8nditure Unrn8tr1cted fvnd8 General Funds 79,977 54,229 (44,206) 90, 000 Restrlctèd funds Restricted Fund 12,920 3,935 (6, 700) 10,155 Total of fund4 92,897 58, 164 (50,906) 100, 155 16. SUMMARY OF FUNDS SUMMARYOF FUNDS- CURRENTYEAR Balance at 31 hlarch 2024 Balance at 1 Aprll 2023 Income Expondltur• General funds Restrlcted funds 90,000 10,155 55,872 3.275 (48,478) 12,912) 97,394 10,51a 100.155 59.147 151.390 107,912 SUMMARY OF FUNDS - PRIOR YEAR Balance at 31 March 2023 Balance al l Apnl 2022 Income Expenditurè General fijnds Restricted funds 79,977 12,920 54.229 3.935 (44,206) (6,700) 90.000 lQ,155 92.897 58,164 (50,906) 100. 155 Page 17
MERSEYSIDE TRANSPORT TRUST (A company Ilmlt•d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS ANALYSIS OF NET ASSETS BETWEEN FUNDS. CURRENT PERIOD Restrlcted Unre$trl¢ted funds funds 2024 2024 Total funds 2024 Current assets Creditors due withln one year 10.518 101,379 (3,985) 111,897 (3,985) Total 10,518 97,394 107,912 ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR PERIOD Restricted Unrestricted fvnds funds 2023 2023 Total funds 2023 Currenl assels Creditors due within one year Credltors due In more than one year 10,155 91,977 (1,617) (360) 102, 132 (1.617) {360) Total 10,155 90,000 100,155 Page 18