REGISTERED COMPANY NUMBER: 040B7762 (Endab￿ and Wale51
REGISTERED CHARITY NUMBER: 1097347
REPORT OF ThETRUSTEES AND
UNAUDITED FINANCIAL5TATEMENT5 FOR THEYEAR ENDED 31 DECEMBER Z022
FOR
15LE OF WIGHT bus a COAcTrI
MUSEUM tIMITf D
Bright Brown Llmited
Charteiefl Accguntants
Exchange House
SL Cross Lane
Newport
151e of Wight
P030 5BZ

15LE OF WIGHT BUS & COACH
MUSEUM LIMITED
C014TEPITS OF THE HNANaALSTATEMÈNY5
FOR THE YEPAi ENDeD 31 DECEMBER 2022
Rèport ofthfrTrustees
Independent Examlnees RepDrt
Statement of Flnancl31 Artlvltle5
lance Sheèt
Note5 to thp Finandal Statemènts
9 to 16
Detalled Sts*ement ol Flnancial A¢tfvbtlEs
17 to 18

ISLE OF WIGIIT BUS & COACH
MUSEUM LIMITED IREG15TERED NUMBER: 1140877621
REPORT OFTHE TRUS¥EE5
FOR THEYEAR ENDeD 31 DECEMBER 2021
The trusteès who arè also dlrecttrrs of the charity fot the purposes of ihÈ Companies Act 2006, wesent their report with the
financial statempnts Df the charity for the year ended 31 December 2022. The tru5tee5 have adopted the provlsion5 of Accounting
and RepDrting by Charities.. Stalernent of Recommended Prattlce 3ppllcable to charlties preparing their accounts in accordance
with the Financial R2portin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectlve l January 20191.
08JecnvES Af4DAcnviTIES
ObiEctl¥es ol the ¢harStable company
To advance publlc educatlon by estsbli5hing o permanent dlsplay Df h15toric commÈrcTral and publlc tarrlagè ￿h[cléS at a museum
on the Isle of Wight. Whi15t some of these vehicles act as static exhlblts only. other5 are road legal and are regularly employed to
tafiy passengers on special event days. Additionally for like purpose to promote a permanenl prèsèrvation of all acquifèil historlc
commercial and publiE tarriège vehitles and their related equipment, includ4llB Items of general tcan5POrt interest, especiallv
where potential historic or scientific importance and educative values are involved.
Ae¥lew of the de¥elopment and a¢hle¥ement of the charltsble company
After two years dominated by re5triclions dve to Covid we are pleased to report that we have had a much better trading year
than the last tWD. We ran our usual Spring event Rydabus and much of the work frorn the cancelled 2020 event wa5 carried over.
We feel Beer and Buses event has been a victim of its own success so we introduced a new event in Autumn called Wightrider.
The new format proved very popularwith all and provided 3 good finantlal retuin. We were opèn as usual pre Covld years Irom
Easter vnts"I the end of Oclober. We were also able to run a number of free bus services on some Sunday5 around the local Ryde
area to promote the Museum. We were pleased with the revenue from this opening.
The Musèum shbp 19 how beifi# &totkÈd alMts8t èfitlfew from don*iènl artd thll l& addlrtg to ptèfftablllty". and thè e￿tenSIV@
range of items is provbng popular with visitors.
We have had continued 5UPPOrt from RydE Town Council during the year with 8rants to help with Fiublldty. Ourlng the year we
had a revenue grants totalling £1,000 from the Southern Co Op . The Southern Co Op grant of £400 for carbon netstral projects
3nd will be spent p13nting Dur borders. A sutce5slul bid to the Royal Pavilion and Museum Trust for a total of £3,000 has bee
¥Jent improving our Committee and Children's area. In memory of our late Chairman thss area has been called the 8111 Adtroyd
Room. A further £1.200 from Royal Pavillon and Mu5evm Trust wlll bè spent Dn 5peciallst advise on the managemert of the
Museum. We a150 re￿iVed a fiTral Govemment grant of £4,000 to compensate for our forced c105ure and effects of Covld
ie5tfiction5.
The Trustees are keen to become an accredited mvseum. To thls ènd a grant was tsblained from the South East Museum
development Progiamme towèr(ts the tost of an audit of our tollection.
There was Storrn damage to the roof ol the Museum but the cfjnsiderdble c05t wa5 f(thnately covered by in5ufdnce. Work
continued on the major re5tor8tions of our Daimler CK and Bristol K, with the majority of the WO￿ being carried out by
volunteers.
We reluctantly decided that Bristol VR UDL 673S lex Southern Vectis fleet number 6731 had become uneconomic to repair ￿th
malor £ha55is corroslon so It wès sold for scrap. We thank a memberwho glfted a 1967 Bristol RE bus HDL 23E. It is fulty restored a
makes a welcome addition to the collection.
Whèn the bulldlhg at Rydè was purchèsed, rather than donate funds a few members chosè to Ibah the mU&èdm funds. w(th a
good cash position, the Trnstees decided to repay all of these loans leaving the museum virtually debt free with only a small
mortgage remaininK. Somè of thÈsè1o3ns were turnÈd into donations by the lenders.
The Trustees would like to thank all who have helped achieve so much in seventh year Df opening In our own freehold
premtses.
Page I

SLE OF WIGHf BUS & COACH
MUSEUM LIMITED IREGISTERED NUM8ER.. Oll￿762)
EPORT OF THE TrU5TEE5
OR THE YEAR ENI)ED 31 DECEMBEft 2022
FINAKIAL REVIEW
Results for the fthancbal y•ar
Total IncDme for the year aniounted to £108,01012021.' £96.9001 includlhg £lO,1[￿}I2021= £13.6991 of restricted income. Total
expendilure in the year amounted to £79,81312021'. £78.019,1 including CDsts of ralslng funds of £4.30712021.. £11.1951 and costs
of iunnlng the Bu5 Museum of £75,50612021.. £66,A241. Re5trirted experkditure amounted to £9,97412021.' E6,4151. Unrestricted
funds carried forward at the end of the year afflounted to £496,457,12021: £466.7601 and restricted funds cayried forward èt the
end of the year amounted to £2.20D12021: £3,700}.
Resèrves pollry
It is the policy of the charitable company tu malntain unTestricted funds. whl¢h are the free reserves of the tharttable company. at
a level ￿lch equates to approximately six months unre51ricted expenditure. This pfovides sufficient fund5 to cover goveman
and 5UPPOrt costs. In addition the tharitable company maintains additional unrestrlcted funds to enable the charity to acquire
further vehicles as they k>ecome available. Additional fund5 will be used to enhance the museum displays etc, and allow the
charity to invest in the collection when the opportunity arise5.
The free unrestrbcted general funds of ihe thar4ty a￿0￿￿ted to £99,326, whlth the Trustees ton51der adequate lo meet the aims
set out in th55 pollcy.
The TTU5tees invest the funds ofthe charity as they see fft.
FUTURE PLANS
As always, we h3ve to strive to keep costs down and revenue up and this wlll continue to be the focus for the Trustees. To this end
we will tontinue tD seek donations and in particular exploit the considerable stope to IntrEasE the participatlon ol members
rather than use paid Staff or contiactors.
We will tontlnuè work btr) Dalmlèr CK. At veèr Ènd the vehicle the thagiii had bèen reassemblèd and work 15 about to start oh
the body. The restoration of our ex Soirthèrn Vectis Bristol K IJDL40 fleet number 7661 15 Ptogresslng well. Trustee5 have allocated
funds to ensure high 9uality restorations can be completed by our volunteer5 Wlth specialist work carried out as Yequlred. A
repaint for our Bristol MW bu5 lex Southern Vecti5 8061 has been planned for Some time but cuuld not be done duting the Covld
restrlctions. It has beefi rescheduled for 2023 part Funded by specific donations.
Work will continue Dn our desireto achievE accredited museum status.
Following the Installing of a new security fente In 2021 the Trustee5 are looking to replace the entran￿ gates whlch are showing
siBn5 Of detay and have had many repaiis. There are no other malor refuibishment plans for the premises apart Irom the Brant
fvnded 8arden planting and fTrr7ishin8 the Bill Ackroyd Rooffl upgrade.
STRucfuRE, GOVERNANCf AND MANAGEMENT
Goyeming do£ument
The charity is controlled by its 8overning document, the memorandum and articles of assoclailon. dated li October 201￿.
Recrultment and appointment of new tru$tee$
A new trustee may be appainted by a ￿Solution of the trustees recorded in the fflinutes and signed by the new tnJ5tee, and such
record shall be condu5ive evidence of his appointment.
R15k mèna8ement
The tnjstees have examined the mèjor strategic, bysiness and operational risks which the charitable company fa￿S and fDnfirm
that systems have been estsblished to enable iegulaf reports to be produced so that the necessary steps can be taken to lessen
these risks.
Page 2

ISLE OF WIGHT BUS & COACH
MUSfUM LIMITED IREGISTEREO NtIMBER: TrII)877621
REPORT OFTHE TRUSTEes
FOR THEYEAR ENDED31 DECEMBER 2022
REFERENCE AND ADMINISTRATIVE IJETAILS
Reglstered Company number
04087762 (England and Wale51
R*tered Charlty number
1097347
Re￿Stered offltè
The Bus Depot Park Road
RydE
Isle of Wight
P033 2BE
Try5teÈs
RJ Newman
K Randle
LGRoberts
R Clultt
P R Dick5
B Bartram
T Whelan
G Brazier
T Wood
D Priddle
Company Secretsry
J Lamb
Ind#pend#nt ExamlnÈr
Brlght Brown Llmited
Chartered ￿cDVntants
Exchange House
St. Cr055 Lane
Newport
Isle of Wlght
P030 5BZ
8ank•rs
UoydsTSB
39 Union Street
Ryde
Isle Df Wight
P033 2AB
Page 3

REPORTOFThEThUSTP
Thls ftport hx b•tn PT¢par•d In attordor¢c¢ the spothl wovkions P¥rt IS of the CLThpankn Act 2(Th ￿•th￿9 to mall
1.Sth.ffl .&.a 2_7 .. and slwd on tts b•halfbv:
•proved b¥order ofthe Imrdoftru5tets rm. .
D Prfddl¢- Tru#ee
P48e 4

INOEPENOENT EXAMINER'S REPORT TO THE TftUSTEE5 OF
ISLE OF WIGHT BU5 & COACH
MUSEUM LIMITED IREGISTEREP NUMBEII: 1140877621
Independent Examlhè¢s report to ihè truStèÈs of l$le ol Wl8ht 8u5 & Coath Museum Umltèd Ilhe Compahy'l
I report to the charity trustees on my examination ofthe ztc(NJnt5 of the Company for the year ended 31 De￿mber 2012.
R￿ponsIbIlItieS and b451$ vf report
As ihe charity's trustee5 of the Company land also its directors for the purposes of compaJ)y lawl you a￿ responsible for the
preparation DI the accounts in accordance with the requirements of the Companie5 Art 20061'ihe 2006 Act'l.
Having s*i5fied myself that the aC£Dunt5 of thè Company are not requlred to be audlted under Part 16 of the 20(￿ Act and are
ell&lble for independent eKaminatiDn. I report In respect of my examination of your chariws accovnls a5 carried out under Section
145 of the CharltlÈs Act 20111'the 2011 Art'l. In ¢arryihÈ out thy eyèmination I have follovdÉd the Dlrettlons glven by the Chèrltv
Commlssion undersettion 14515) Ibl of the 2011 Act.
Independent examlner'5 Statemènt
I have Completed my examination. I confirrn that no matters have come to my attention in connedlon with the examination giwng
me cause to believe..
accounting reEord5 were not kept in respect of the Company a5 required by Sedion 386 of the 2006 Act,. or
the accounts do not accord with those recofds: or
the accounts do not comply with the accountlng requlrements of Section 396 of the 20C6 Act other than arry requirement
that the account5 gtve a tiue and tsir view which is not a malter considered as part of an Independent examination.. or
the accounts have not been prepared in accordan￿ with the methods and principles tsf the Statement of Recommended
Piactice for èctounting and reporting by charitie5 (applicable to charities preparing their acccwjnts in BCCOTdance with the
Financial Aeportlng standard applicable thÈ UK and Republlc of Ireland IFRS 10211.
I have no concern5 and have rome 3cross no other matters in Connection with the èxamlnatlon to whl¢h attention shDuld be
drawn In this report in order to enable a proper understanding of the atcounts to be reached.
David 5teveY15
8dght erown Lifflited
Chartered AtCDuntanlS
Exchange House
St. Cros5 lane
Newport
Isle ot Wight
P030 58Z
Page 5

ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED
STATEME￿ OF FINANCIAL ACTNITIES
FOR THE YEAR ENDED 31 DECEMBER2022
2022
Total
funtls
2021
Tutal
funds
Unre5trirted
funds
Restficted
fund
Note5
INCOME ANO ENDOWMENT5 FROM
Donatlons legacies
39.865
lo.1￿1
49,965
55.098
Charltable ¥rti¥Stles
unning of the Bus Museum
42,366
42,366
29,3
othertrading actiwitie5
Other sncomp
12,132
3,547
12,132
3.547
7,072
5.340
Totsl
97,910
10,IOD
IOR,OID
96.900
EXPENDITURE ON
Raising funds
4,307
4.307
11,195
Charftablè aLthttIès
Running of the Bus Museum
65,532
9.974
75,506
66.824
Total
69.839
9.974
79,813
78,019
NET INCOME
Transfers between lunds
28.071
1.626
126
11.6261
28,197
18.881
12
Net movemenl In funds
29,697
11,5001
28,197
18,881
RECONCIUATIOf4 OF FUND5
Total funds brought forward
466,760
3.700
470,460
451,579
TOTAL FUNOS CARRIED FORWARD
496,457
2.200
498,657
470,460
The notes fom) part of these financial statements
Page 6

ISIE OF WIGHT BIIS & COACH
MUSEUM UMITED IREG15TERED NIIMBER: 040877621
BALANCE SHE
31 DECEMMER 2022
2022
Totsl
funds
2021
Total
funds
Unrestricted
fvnds
Restricted
ftsNd
NDte5
FIXED ASSErs
Tangible asset5
403,010
403,010
399.114
CiIRRENT A5￿T5
Oebtors
Cash at bank and In hand
8,041
93.178
8.041
95.378
5.252
97.013
2,200
101.219
2.200
103,419
102,265
CREDITOAS
Amounts falllng dtae wlthin one year
12,2821
12,2821
125,1071
NET CURRENf ASSErs
98.937
2,200
101,137
77.158
TOTAL ASSETS LÉSS UIRRENf UABIUflES
501,947
2,20D
504,147
476,272
CREDIYOR5
Amounts falling due after more than one year
15,4901
15.4901
15.8121
NET AS5Ers
496,457
2,200
498,657
470.460
FUNDS
Unrestricted funds
Restricted funds
496.457
2,200
466,760
3,71KJ
70TAL FUNDS
498,657
470.460
The tharitable company is entltled to exemption from audit under Section 477 of the Companie5 Act 2006 fur the year ended
31 December 2022.
The members have not required the company to obtaln an audit of its financlal ststem2nts for the year ended 31 Decewnber 2022
In aCCOfdanEe with 5ettion 476 of the Companies Act 2iJ)6.
The trustees atknowledgè thely responslblllties for
(al
ensuring that the ¢haritsble company keeps accounting recordsthat comply with Sections 386 and 387 Df the Companles
Act 2(M)6 and
preparing financtal statements which 8lve a trne and frdir view of the State of 3ffalr5 Df the tharitable CLNnpany as at the
end of each frnancial year and of Its 5urplu5 or deflclt for each financial year in accordance with the reguirements of
Sections 394 and 395 and which otherwlse comply with the requirements of the Companies Act 2006 relating to fhnèncièl
statements, so far as applicable to the charitable tompanv.
Ibl
The notes form part of these financlal statements
Page 7
continued...

I >1 NCEI4•ER 2022
TheSe*nan¢1￿ statemvts havo b••Th In accNdante wlth the appUcaWe to thrfmbltcrnniessublect to the
small companfèsreBitn•.
Thollnindd ￿•t￿lo•ntswefft ipwond bytht 8¢Mrd ofTruttarf authorw A.>.fA.IVKi
SI￿ed on ttsbEh8lf ty..
£013 .,4nd were
D Prlddle-TnJstee
The I￿te$*0m1 ofth¢se %nanc+al ststemeTrlg

15LE OF WIGHT 8U5 & COACH
MUSEUM LIMITED
NOTES TOTHE FINAt4CIALSTATEMEpirs
FOR THEYEAR ENDED 31 DECEMBER 2022
ACCOUNTING POLICIES
Basls of prwrln8 the finantial statements
The financial statements of the charitable company. which15 a public benefil entity undef FRS 102. have been prepared In
accordance with the Charlties SORP IFAS ID21 'Ac¢ountlng and ReportlnB by tharttles.. Ststeméftt of Recommended
Proctice applitable to charitie5 preparingtheir account5 in acturdance wlth the Financlal Reportlng standard applicable In
the UK ahd Republit of Ireland IFRS 1021 lèflèctlvè i Jahuèry 20191., Finatttlal RèPOrtlnE Standard 102 *hÈ Fln)ntlal
Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Ad 2006. The finandal 5t3ternents
have been prepared under the historical cost conventhon.
The Isle of Wight BLts and Coach Museum LlfflitEd Is a prlvatE company Ilmited by guarantee and inctypDrated In England.
The financial statements are presented in Sterling. which kg the functlonal Cufrency of thÈ charitable company. There are
no material uncertainties about the charity's abslity to continue.
Ineomè
Voluntary Income
Voluntary income is reco8nised in the Statement of Financial Activrf(ies once the tharitable company ha5 entitlement to
the funds. It is probable that the income wdl be received and the amount can be measured reliably.
For donations this 15 gtneralty upon recelpt.
Grants are recognlsed whÈn uncondltlonal entitlement to the income is p￿ed to the charitable company. Where there
are performance related terms and condltlons that must be met before uncundltlonal entltlernent passes to the
charitable company, the Income is reco8nised once it il hlghly probable that these will be met. Where no such condit40n5
exlstthe Income is reco8n15ed when il is recelved.
Charltable and othertr•dlwd acthAtI
Income from tradln8actlvlties Is reco8nlsÈd of VAT and all Dther sales taxe5 when the goods are dellvered or sefvl¢e5
are provided.
meMbe￿hIp intomè Is rècognlsed evenly overthe perlod the membership relates to.
th￿Stment In¢om#
Intèrest receNable Is reco8nised over the pertod It Is accrued.
ExpEndltUTO
Li)bilities are recogni%ed as expenditure ag soon as there Is 3 legal or constructlve obliKatlon Commtttlng the charlty to
Ihat expendltvrÈ. It Is probablè that a transfrf of economlc bènpfi15 wlll bé fegtslred Ih settlèrhÈnt and the amount of the
obligation can be measured rèliably. Expendlture is accounted for on an accruals b3Sis and has been c13sslfied under
headin8S that aB8re8*e all tost related to the cate80ry. WheTr costs cannot be dlrectty attrlbuted to partlcular headin8S
they have t￿en allocated to activitles Dn a bd515 conslstent wlth the use of resource5.
Tan￿bla Ilxed assets
Oepre£iatlon ts provlded at the followin8 anrTrual rates in ordtr to off each asset over its e5tlmated useful life.
FlxturÈs and fittlngs
15% on reducing balance and 10% on cost
The Trustees are olthe opinion that ihe residual value of the propertyowned would be greaterihan ihe Inltial cost and so
no depreciation has been char8ed on the freehold property included In flxed assets.
Page 9
tDntlnued...

ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED
NOTE5 TO THE FINA14CIALSTATtMENTS. contlnued
FOR THEYEAR ENDED 31 OECEMBER 2022
ACCOUNTING POUCIE5- contlnuad
Tanglble flxed a55ets
No depretiatlon ha5 been charged on the motorv*hlcles included in fixed assets. Due to the unique nature of the motor
vehicles, the tfU5tees are of the opinion that these assets afE Èxpected to only appreciate In value. and the charsty intends
to keep a full malntenance programme on each vehicle In order to ensure that they are kept in thelr eKlStin8 conditiun.
AU of the fixed 35set5 are used in direct furtherante of the charity'5 objertkves. rhe trn5tees consider that the buses arc•
Investment a5set5 and have a value of over their cost of £68,57012021: £70,571).
Taxatlon
Th* charity is exemptfrgm tC￿pOratIon tax on its charftable actiwties.
Fund accountlkn¥
UnTeslri¢ted funds can be vsed In accordance wlth the charitable objective5 at thE di5tretion of the trUSt￿S.
f¢estricted funds can only be used for particular r￿strICted PUfPD5es within the objects of the charity. REstrlctlons arise
when speufied bythe donor orwhen funds are raised for particular resttlcted purposes.
Further explanatlon of the nature and pufpose of each fund is induded in the note5 tothefinancial statements.
OTHER TRADING ACTIVITIES
2022
2021
Sales
12,132
7.072
NEf INCOMVIEXPENDITUIIEI
Net Incomellexpendlturel Is stated after charg1n￿{CredItln￿).-
2022
2a21
Depreciation- owned assets
Deficit on di5P05al of fixed a55ets
5,073
4,285
743
TRUSTEES. REMUNERATION ANO BENEFITS
Thère were no trustees, remuneration or other benefftts for the year ended 31 Oe¢ember 2022 nor for the year ended
31 Deomber 2021.
Page 10
ontlnued...

ISLE OF VM6HT 8US & COACH
MUSEUM LIMITED
NOTESTOTHE FINANCIALSTATEMETffS- wnllnuéd
FOR THEYEAR ENDED 31 DECEMBER 2022
TRUSTEES, REMUNERATION AND BENEFITS- ¢ontlnued
Tn45tees' èmpthises
There were no trustees expenses paid for in the year ended ai December 2022.
The followlng feiry costs incurred by the charlty were reimbursed by trUStee5 in 2022.. Benjamin Bartram £683 12021..
£4341, Brian Dliks £35112021: £3261. and Derek Pfiddle £14712021= £nill-
tOPAPARATivÉS FORtAE STATEMENT OF FINANCIALACtIVITIES
The comparatives forthÈ statement of financial attivitSes are all in relation to unrestricted funds.
TANGlblE FIXEDASSET5
Fixtures
and
fitting5
Freehold
pmperty
Motor
vehttles
Totals
At l January 2022
A(Idltion5
Oi#posa15
304,261
33,343
10,969
?0,571
408,175
10,969
12.0001
12,TrJoI
At 31 December 2022
304.261
44.312
68,571
417,144
DEPRECIATION
At I january 2022
Charge for year
9,061
5.073
9,061
5.073
At 31 December 2022
14,134
14,134
NET BOOK VALUE
At 31 De￿mbEr 2022
304,261
30,178
68,571
403,010
At 31 December 2021
304,261
24,282
70,571
399,114
DE8TQRS: AMOUf4TS FAWNG DIIE WITHIN ONEYEAR
2022
2021
oiher debtor5
PIEpayments
4,088
3,953
1.298
3,954
8.04
5,252
Page 11
continued...

IstE OF WIGHT BUS & COACH
MUSEUM UMITED
NOTESTO THE FINANaALSTATEMENTS- tontlnued
FOR THE YEAR ENDED 31 DECEM8ER 2012
CREOITORS: AMOUNT5 FAWNG DUE WITHIN ON£YEAR
2022
2021
Bank loaD5 and oveTdrafts15ee note 101
Loan
Accrued expenses
390
375
22.910
1.822
1,892
2,282
25,107
CREDrroRS: AMOUNT5 FAiLING DUE AffER MOAETHAN ONE YEAR
2D22
2021
Bank loons (see note 101
5.490
5.812
io.
LOANS
An anaty5i5 of the maturity of loans15 glven below:
2022
2021
Amouhts falllng due withlfi OhèyÈaY tsn demand:
Murtgage
390
375
Amounts fallin8 between one and year5..
Mort83ge- 1-2 years
393
Afnounts fallin8 due between two and five years:
Mortgage- 2-5 years
1,349
1,297
Amounts falling due In more than fNe year5-
Repayable by instalments..
Mortgage more 5 yr
3.732
4,122
ii.
SECURED DEBTS
The following secured debts afe Included within tredltOfS.'
2022
2021
Bank103ns
S.880
6.187
The mortgage has been seojred ort the company'5 frèèhold property.
Page 12
continued...

ISLE OF WIGHT BU5 & tOACH
MUSEUM LIMITED
NOYESTO THE FlhlANCIAL STATEMENT5- contlnued
FOR THEVEAR ENDED 31 DECEMBER 2022
12.
MOVEMENT IN FUNDS
Net
movemÈnt
In funds
Transfers
betweÈn
funds
At
31.12.22
At l.L22
Unre5trltted funds
General fund
Property fund
Fixed Assets
73,834
298.074
94,852
33,143
17,6511
308
8,969
99,326
298.382
98,749
15,0721
466.760
28,071
1.626
496,457
Restrirted funds
Restricted Fund
3.7
126
11,6261
2.200
TOTAL FUND5
470,460
28,197
498,657
Net movement In funds, included in the above are as fDIIows:
h)toming
resour￿$
Resource5
expended
Movement
in funds
Unyestrirted funds
General fund
FrKed Asset5
97,909
164,7661
15,0731
33,143
15,0721
97.910
169.8391
28,071
Restrf£ted fynds
Re5tritted Fund
10.100
19.9741
126
TOTAL FUNDS
108,010
179,8131
28,197
Page 13
conlinued...

ISLE OF WIGHT BUS & COACH
MUSEUM UMITED
NOTESTO THE FINANCIALSTATEMENTS- contlnued
FOR THE YEAR ENOED 31 DECEMBER 2022
12.
MOVEMENT IN FUNDS- conilnu¢d
Comparth¢sfor movement In fund5
Net
movement
in funds
Transfers
between
fvnds
At
31.12.21
At 1.1.21
Unrestrlrted funds
General fund
Property lund
Fixed Assets
85,030
276.447
86,622
11,597
122,7931
21,627
8,230
73.834
298,074
94,852
44B.099
11,597
466.760
Restrl¢ted I￿ndS
Reslricted Fund
3,480
7,284
17,0641
3.71
TOIAL FUNDS
451,579
18,881
470,460
tomparative net movement in funds, included in the above afe as follows:
Incoming
resources
Resources
expended
Movement
In funds
Unrestrfcted lynd5
General fvnd
83,201
171,6041
11.597
Restrt¢wd funds
Restricted Fund
13,699
16.4151
TOTAL FUNDS
96,900
178,0191
18,881
Page 14
continued...

ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED
NOTES TO THE FII4ANCIALSTATEMErifs. conltnued
FOR THEYEAR ENDED 31 DECEM8ER 1012
MOVEMENT IN FUNDS. tontlnu•d
A current Year 12 month5 and prior year 12 months combined posltion 15 as follows..
Net
movement
in funds
Transfers
bptween
funds
At l.L21
31.12.22
Unrestrkted ftsnds
General fund
Property fund
Fixed Assets
85,030
276,447
8fi622
44,740
130.444)
21,935
17.199
99,326
298.382
98,749
15.0721
448,099
39,668
8,690
496,457
Rèstrlrted funds
Restricted Fund
7,410
18,6901
2.200
TOTAL FUNDS
451,579
47,078
498,657
A current year 12 month5 and prior year 12 months comblned net movement in funds, included in the above arè as
follow5:
Incoming
resources
Resources
expended
Movement
in funds
Unre5trirted funds
General fund
Fixed Assets
i.iio
1136,3701
15,0731
44,740
15,0721
i,iii
1141,4431
39,668
Res¢rkted funds
Re5trFCted Fund
23.799
16,3891
7.410
TOTAL FUNDS
204.910
1157.8321
47.078
Re5trirted Funds
Durin8 the periDd, £2,700 Df the re5trirted fund5 held Dver from 2021 relatln8 ID the Royal Pavlllon and Mu5evms 8rant
has been expended and used on the up8rade ofthe children's room.
Wlth the remainlng tÈstricted funds, the tharity has plans to spend the £400 from Cwp carbon nèvtral project on thè
gafden duiing Spiing 2023 and the donation of E600 from Mr D Andrews to be used in the 2023 towards the repainting of
Bristol MW18061.
Other restritted funds remalning at the end of the year conslsts of £1.200. whlch relates to the Royal Pavilltsn and
Museums grant to be spend on an OfBani5ation health check.
Page 15
ontinued...

ISLE OF WIGHT HUS & COACH
MUSEUM UMITfO
NOTE5 TO THE FINANCIA{ STATEMENTS- conllnu
FOR THEYEAII ENDED 31 DECEMBER 2022
12.
MOVEMENT IN FUP4DS- tDntlnued
Transfers between funds
Dew)￿ed Funds:
Property Fund
The transfer of £308,12021- £21,627) relating to the valve of the property less any outstsnding loan5 Secured on the
property was transferrèd from thè gènèral fund to thè dèsl8rtatèd furtd. Thls rèfletts thè valuè of the loan rÈpald in the
vear from general funds.
Flxed Asset Fund
The transfer of £8.969.12021- £8,230) re-align5 Ihe value of the fvnd with the net btsok value of the r￿lUTeS and fittirtrg5
and motor vÈhiclÈ% at theyear end.
Reslrlcted Fund5:
The transfer of £1.626 12021 £7,064) relates to fixed assets purthased uslng resrricted funds which have beèn
transferred intts general use.
OThER FINANCIALCOMMITMfNY5
A$ 3t 31 DÈtèmbÈr 2022 the charity was committed to expenses ijnder non-cancellable operatin8 leases of freehold
PTopeity amounting to £7,831 due In lessthan ofte year and £3.224 due in two to five years.
AELATED PARTY DISCLOSURES
The tharity ha5 COTltinued to make payments Df È3.096 for the year within the term5 of Its Itase a8reement to Mr D
Prlddle. for the rental of a barn thal the chafTrty u5e5 for the 5toraBe of vehlcles. Mr Pvlddle has been appointed a truste
durirtgthe year.
Page 16

15LE OF WIGHT BUS & COACH
MUSEUM UMITED
DETAILEO STATEMENT OF FINAf4aALAcrivinES
FOR THEYEAR ENDEO 310ECEMBER 2022
2022
2021
INtOME ANtr ÉNOOWMÉNts
t)onallons and leytles
Donation5
Glft aid
Grants
35,075
2.790
12,1
14,699
1.899
38.500
49.965
55,098
oihertradln8 actlvltles
Sale5
12,132
7.072
tharltable aCt￿t￿$
Admissions and tDurs
Subscriptions
32,940
9A26
18,809
10.581
42.366
29,390
Otherlncomè
Other income
Interest received
3.543
5.339
3,547
5,340
TDtal Incomlngresources
108,UiO
96,YOO
EXPENDITURE
R3JSin# do*atknis abld leKadtS
Postage and 5tat40nery
1,930
3,980
oiher tradlng actl¥ltles
Openin8 Stock
Purihases
4.497
2,718
2.377
2,377
7.215
tharltabl• actl¥ltles
Rate5 and water
Insurance
Light èr7d heat
Telephonè
Carried forward
521
7,215
3,909
607
12.252
5,741
4,053
662
11.456
This page does nrjt form part of the statutory financial statements
Page 17

ISLE OF WIGHT BUS& COACH
MUSEUM UMITED
DETAILEDSTATEMENTOF FINAIICIALACTIVITIE5
FOR THe YEAR ENDED31 DECEMBER 2021
2022
2021
CharItsb￿ artl¥ltl•s
8rought fonNard
Advertisin8
Sundries
Motor expenses
Trèvellin8
Rent
RÈpalis and rertèwals
Events
Fixtures and fittln85
Loss on Sale of tangible fixed asset5
Mortga8e interest
12,252
3.896
93
19,391
6.988
9,973
6,809
7.929
5,D73
11.456
5,472
138
20,418
1,562
9.702
7,803
3,321
4,285
743
360
72,764
65,198
SuppDrt CP5ts
Go¥erna*te tosis
Attountancy fees
PfOtÈSSlOnal fees
Subscriptions
1.476
1,054
212
1,392
2,742
1.626
Total resouices expernled
79,813
78,019
Net Income
28,197
18.881
This Pa8e do￿ notform part of the ststutory finandal statements
Pège 18