REGISTERED COMPANY NUM8ER.. 04087762 (England and Wales)
REGISTE RED CHARITY NUMBER: 1097347
REPORT OF THE TRUSTEESAND
UNAUDITEO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2023
FOR
ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED
INN
¢•D3WEgY•
1PI0512024
CCWPANIES HOUSE
A15
Bright Brown knmited
Chartered Accountanis
Exchange House
St. Cross Lane
Newport
Isle ot Wi8hi
P030 5BZ

ISLE OF WIGHT BUS & COACH
MUSEUM UMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OECEMBER 2023
Report of the Trustees
I to 4
Ind•pendent E￿rnin￿r.$ R•port
St•t•m•nt of Flnanci•l Acd¥ttl•s
8olanc• Sh••t
Notes to Financial Statements
9 10 17
O•tall•d Statemen¢ of Fln•nd•l Artlvlties
18 to 19

ISLE OF WIGHT 8US & COACH
MUSEUM UMITED IREG15TEREO NUMBER: 040877621
REPORT OF TM£ TRUSTEES
FOR THE YEAR ENDED 310ECEMBEA 2023
The trusiee5 who are also directors of the tharity for ihe purposes of the Companies Act 2￿6. present their report
with the financial staternents of the charity for the year ended 31 December 2023. The trustees have adopted the
provisions of Accounting and Reportin8 by Charities." Statement of Recommendèd PrattTrce applicable to charities
preparing their accounts in accordan¢e with the Financi31 Reporting Standard applicable in the UX and Republic of
Ireland IFRS 1021 leffertive l January 20191.
OBJECTIVE5 AND ACTIVITIES
Objectives of the charitable companv
To advance public educatson by establishing a pemianent display of historK commercial aftd public cattiage vehicles at
a museum on the Isle of Wight. Whilst some of these vehitlès art as static exhibtts only. others are road legal and are
regularly employed to carry passengers on special event days. Additionally for like purpose to promote a permanent
preservation of all acquired historic tommerc431 and public carriage vehicles and their related equipment, including
items of 8eneral tran5POrt interest, especially Whe￿ potential historit or scieniific importance and educative values are
invdved.
Revlèw of ih• dev•lopment and achle¥ement of the charitable comparsv
The Museum has had a good trading year with shop and tea bar receipts well up on 2022. The Tea Bar has stocked a
much w¢der range of food and drink and this 108ether with a more realistic pricin8 Structure has increased our
profltabilrty. Due io generous gifts of sale items ihe Museum shop is now bein8 Stocked almost entirely from donations
and this is adding to our profrtability. and the extensive ran8e of items is proving popular with visitors.
In the autumn Ryde suffered some of the worst flooding in livin8 memory. The Museum was flooded to a depth of
some 20cm. This caused Considerable damage especrally to Ollf kitchen and shop stock. li caused ihe Museum to have
to Close earty for the winter and we missed the benefrt of the school half temi holiday revenue. Due to the building
belng in a known flood plain we were unable to obtaTrn any flood insurance. We are very grateful to the many members
and the lo¢al eommvnity for the generous financial support we received ¥¥hich has meant we have suffered very little
real loss from the event.
Our two event weekends. Rydabus in May and Wiehtrider ir) October. aregrowine irt popularity and profitabilitv.
Membership is buoyant and although we may lose a few members. new ones more than make up for those who fail to
rejoin.
We have had continued support from Ryde Town Council during the year with a grant ro help with runnrng costs. We
also received grants followin8 our flood from the Isle of Wight Council and Royal Pavilion and Museum Trust.
The Trustees are keen to become an accredited museum and WO￿ has continued to achieve this aim.
Work has continued on the major restorètions of our Daimler CK and Bristol K, with the majority of the work bein8
carried out by volunteers. The Oaimler CK is progressin8 particulafly well with the engine now running_ The cha5SIS bs
complete and ihe body is be￿nning to take shape. Our 1972 Btdford YRQ ex Seaview Servites has had art extensive
rtnovation and is now fully operational.
When the bLtilding at Ryde was purchased we needed a bank mort8a8e. This wa5 mainly paid off leaving a small
remaining loan. We have now fully paid off this debt and are ¢ornpletely debt free.
Page I

ISLE OF VIIGHT BUS & COACH
MUSEUM LIMITED IREGISTERED NUMBER: 040877621
REPORT OF THE TRUSTEES
FOR THEYEAR ENDED 31 OECEMBER 2023
08JEUIVES ANDA￿1VITIEs
Durin8 the year Trustees Russ Cluitt and Graeme Bia2ier resi8ned and we thank them for all their contributions to tht
Museum. Both are still active volunteers. We wel¢omed Shirley Winn (Finance) and Jonathan Lamb (Secretary) to the
board.
The Trustees would like io thank all who have helped achieve so much in our ei8hth year of openin8 in our own. now
loan free, freehold premises.
FINANCIAL REVIEW
Results for the financial year
Total income for the year amounted to £132.727 12022= £108.0101 includin8 £2,LlXI12022.. £10.IOJI of restricted
Income. Total expenditure in the year amounted to £110.058 12022.. £79.813.1 including costs of raisin8 funds of
£15.334 12022.. £4.3071 and costs of running the Bus Museum of £94.724 12022= £75.5061. Restricted expenditure
amounted to £2,55612022.. £9,974). Unrestrirted funds carried forward at the end of the year amounted to E520.047.
12022.. £496.4571 and restricted funds carnied forward at the end of rhe year amounted to £1.27912022." £2,200).
Reseryes pollcy
It is the policy of the charitable company to maintain unrestricted fvnds. which are the free reserves of the tharitsble
company. at a level which equate5 to approximately six months vnresiricled expenditure. This provijjes sufficient fvnds
to cover governance and svpport costs. In addition the chèritable company maintains additional unrestricted funds to
enable the charity to acquire further vehicles as they become available. Addfrtional funds will be used to enhance the
mvseum displays ￿c, and allow the charity to invest in the collection when the opportunity arises.
The free unrestricted general funds of the charity amoL*nteil 10 £118.310, which the Twstees consider adequate to
mÈet the aims set out in this policy.
The TrusteÈs may invest the funds of the thartty as they see fft.
FUTiIRE PLANS
As always, we have to strive to keep costs down and revenue up and thts will continue to be thè fotus for ihe Trustees.
To this end we will continLte to seek donation5 and in particular explort the considerable scope to increase the
participation of members rather than use paid staff or contractors.
We will continue work on our Daimler CK. Work will continue to let￿11d the body using as much of the original
structure and fittings as possible. The restoration of our ex Southern Vectis Bristol K IIDL 40 fleet number 7661 15
progressing well. Trustees have allocated funds to ensure hiqh quality restorations can be completed by our volunteers
with specialist work ¢aNied out as required.
Work will continue on our desire to achieve accredited musevm status. and hope this might be athieved by the end of
2024
Trustees are looking to renovate the entrance gates which are showing si@n5 of decay and have had many repairs.
Following the floods of Aulumn 2023 the kitchen 15 being refitte(l and extended for the siart of the 2024 season. We
are also investing in measure5 to make the museum more floryt reslstant. The gullie5 in the roof are rustin8 3nfl ¢ausin8
many leaks. some severe. We hope to be able to repair or replace 50 the building can be ￿ak free.
STRucfuRE, GOVERNANCE AND W4NAGEMENT
Governlng docurnent
The charity is controlled by its governing document, Ihe memorandum and art￿leS of association. dated 11 Ottober
2(MJO.
Page 2

ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED IftEGlrya CRED NUMOCR: 04087762)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 310ECEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
RetruStment and appointmtni of new trusteés
A new trustee may be appointed by a reS￿Ut￿On of the trustees recorded in the minutes and 51Bned by the new
trustee, and such record Shall be conclusive evtdence of his apwintment.
Rlsk management
The trustees have examined the major strategrc. business and operational risks which the charitable company faces
and confirm that systems have been established to enable regular reports to be produced $0 that ihe necessary steps
tan be taken to lessen these risks.
REFERENCE AND ADMINISTrATIVE DETAILS
R•eist*r￿ Company nUM￿r
04087762 (England and Wales)
Règlst¢r¢d Ch•rlty number
1097347
Registered olllte
The Bus Depot Park Road
Ryde
Isl& of w￿ht
P033 28E
TNsi•es
RJ Newman
K Randle
L G Roberts
R Cluitt (resigned 3.10.231
B R Dicks (resigned 6.5.231
B 8artram
Twhelan
G Brazier Iresigned IS.11.231
T Wood
D Priddle
Mrs S E Winn lappointed 12.6.231
Company Sffretary
Indèpèndent Examln
Blight Brown Limited
Chartered Accountants
Exchange House
St. Cr0$5 Lane
Newport
151e of Wight
P0305BZ
Page 3

ISLE OFWIGHT BUS & COACH
MUSEUM LIMITED IREGISTERED NUMBER.. 040877621
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEM8ER 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Bank•rs
Lloyds TS8
39 Union Street
Ryde
Isle of Wight
P033 2AB
This report has been Prepared in accordance with the special pfovisrons ol Part 15 of the Companies Act 2006 relating
to small companie5.
Approved by order of the board of trustee5 1)n ............................................. and signed on its behalf by..
D Pridflle- Trusiee
Page 4

INDEPENDENT EXAMINER'S REIIORTTO THE T8usfEES OF
ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED IRIGlafTCREO NUMOCR.. 04087762)
Independent examkn's rèport to the irust••s of Isle of W￿t Bys & Coach Museum Llmlted I'the ComF>anv'l
I r.eport to the charity tnJstee5 on my examination of the accoJnts of the Company for the year ended
31 December 2023.
Responsibilities and basls of ¥eport
As the charity'5 trustees of the Company land also its directors for the purposes of company lawl you are responslble
for the preparation of the accounts in accordance with the requiiements of the Companies Act 20061'the 21J06 Act'l.
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 Acr 20111.ihe 2011 Acr'l. In carrying out my examination I have followed
the Directions given by the Charity Commi$5ion under Sertion 145151 Ibl of the 2011 Act.
IndÈpendÈnt examlner'5 5tatemeDt
I have completed my examination. I confirm that no matters have tome to my attention in connection with the
examination giving me cause to believe..
acctsuntin8 records were noi kept in ￿sPert of the Company as required by Section 386 of the 2C()6 Att; Of
the attounts do not accord with those records,. or
the accounts do not comply with the accounting requirements of Sertion 396 of the 2006 Act other than any
requirement that the accounts 8ive a true artd lair view which is not a matter considered as part ol an
independenr examination.. or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reF4)rting by charities (applicable to charities preparFng their
accounts in accordance with ihe Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS
10211.
I have no concerns and have come across no other matters in connertion with the examination to which attention
should be drawn in this report in order to enable a proper undefStandin8 of the accounts to be leached.
Oavid Stevens
8right Brown Limited
Chartered Accourttants
Exchange House
St. Cross Lane
Newport
Isle of Wight
P030 58Z
Page 5

ISLE OF WIGNT BUS & COACH
MUSEUM UMITED
STATEMENT OF FINANCIAL AcllviTIES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
Total
fuThJs
2022
Total
funds
Vnrestrtcted
fund5
Restricteil
fund
Noies
INCOME AND ENOOWMENT5 FROM
Donations and le83cies
49.965
Charltable artlvltl•s
Running ol rhe BLIS Museum
64.104
64.104
42.366
Other trading activities
Other income
12,999
5.620
12.999
5,620
12.132
3,547
Total
130,727
132.727
108.010
EXPENDITUAE ON
Raising funds
15.334
IS.334
4.307
Charltable actI￿tIeS
Running of the Bus MLtseum
92.168
2.556
94,724
75,506
Total
107.502
2.556
110.058
79,813
NET INCOME1(￿PENDlTuRE}
Transfers betweon funds
23.225
365
15561
13651
22.669
28,197
12
Nei mwmént In fvnds
23.5
19211
22,669
28,197
RECONCILIATION OF FUNDS
Total funds brought forward
496,457
2,2LWJ
498.657
470.460
TOTAL FUNDS CARRIED FORWARD
520.047
1.279
521.326
498,657
The notes fomi part of these finan¢ial statemènts
Page 6

ISLE OF WIGHT BUS & COACH
MUSEUM UMITED IREGISTEREO NUM8EA. 040877621
BALANCE SHEET
31 DECEMBER X123
2023
Total
lunds
2022
Total
funds
Unrestricted
funds
Restricted
fund
Notes
FIXED ASSEfs
Tangible assets
401.602
401,602
403.010
CURRENT ASSErs
Oebtors
Cash ai bank and in hand
7.515
113,583
7.515
114.862
8,041
95.378
1,279
121,098
1,279
122.377
103.419
CREOITORS
Amounts fall*ng due wrthin one year
12.6531
12.6531
12,2821
CURRENT ASSErs
118,445
1,279
119.724
101.137
TOTAL ASSETS LESS CURRENT LIABILMES
520,047
1,279
521.326
504.147
CREDITORS
Amounts falling due after more than onè year
15.4901
NEf ASSETS
520.047
1.279
521.326
498.657
FUNDS
Unrestricted funds
Restricted funds
12
520,047
1.279
496,457
2.200
TOTAL FUNDS
521,326
498,657
The charitable company is entitled to exemption from aLKlit under Section 477 of rhe Companiès Act for the year
ended 31 December 2023_
The members have noi requsred the company to obtain an audst of its financial ststements for the year ended
31 December 2023 in accordance with Section 476 of the Companies Att 2¢XJ6.
The trusiees acknowledge their responsibilities for
lal
ensuring that the charitable company keeps accounting records ihat comply with Sections 386 387 of ihe
CompanÈes Act 2006 an
preparing financial statements which give a truè and fair vlew of the state of affairs of the £hafltable tompafiv
as at the efid of each fi.nancial yeaf and of its SLFrplus or deficit for each financial year in èccorclance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies
Act 2006 relatin8 to financial statements. so far as applicable to the charitable company.
The notes form part of these financial statements
Page 7
Continved...

ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED (REGISTERED NUMBER.. 040877621
BALANCE SHEET- contlnued
31 DECEM8ER 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies
subject to the small tompanie5 regime.
The firtancial statements were approved by the Board of Trustees and authorised for issue on
. ond were 5i8ned on its behalf bv..
D Priddle- Trustee
. Trust
The notes fomi part of these financial statements
Page 8

ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED
NOTES TO THE FINANaAL STATEPIIENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLiaES
Basis of preparln8 the flnanclal statemènts
The financial statements of ihe chafltable company, which is a public benefit entity under FRS 102. have been
prepared in accordante with ihe Charities SORP IFRS 1021'Accounting and Reportlng by Charities.. statement of
Recommended Praciice applicable to chariiies preparin8 their accounrs in accordance with the Financbal
Reporting Standard applicable in the UK and Republit of Ireland IFRS 1021 leffertive l January 20191,, Financbal
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the
Companies Act 2(K76. The linancial statements have been p￿Pared under the hrstorical cost convention.
The Isle of Wight Bus and Coath Museum Limited is a privare company limited by guarantee and incorporated
in England. The financial statemenis are presented in Sterling. which is the functional Cul￿nCy of the charitable
company. There 3fe no material uncertainties abotst the charity's ability to continue.
Incomè
Voluntary income
Voluntary income 15 ￿(Q6n15ed in the Staiement of Finaftcial ActNities once the charitable company ha5
entitlement to the funds. ri is probable that the income will be received and the amount can be measured
reliably.
For donations thls is generally upon receipt.
Grants are recognised when unconditsonal entir￿ment to the income is passed to the charitable companv.
Where there are performance related terms aftd conditions that must be met before Ltntonditional entitlement
passes to the charitable company. the income is recognised once it is highly probable ihat these will be met.
Where no such conditions exisi the income is recognised when it is received.
Charltable •nd other traditi8 •Oi¥ities
Intome from trading attivities is recognised net of VAT and all other sales taxes when the goods are delivered
or services are provided.
Membership income is recognised evenly over the peri¢xl the membership relates to.
Inv•stment income
Interesi ieceivable is recognised over the peric*J it is acuued.
Expèndlture
Liabilities are recognised as expenditure as soon as thÈre is a legal or constructive obligation committing the
charity to that expendiiure, it 15 probable that a transfer of etonornic benefits will be required in settlement
and the amouni of the obligaiion can be measured reliably. Expenditure is accounied for on an accruals ba51S
and has been classified under headings thai aggregate all cost related to the cate80ry. Where costs cannot be
directly attributed to particular heading5 they have been allocated to artivities on a basis ¢onsistent with the
use of resource5.
Tan¥ibl* fix•d a55ets
Depreciation is provicled at the fdlowing annual rates in order to write off each asset over its estimated useful
Fixtures and fittings
IS% on reducing balance and IO% on cost
The Trustees are of the opinion that the reydual value of the property owned would be greater than the inktial
st and so no depreciation has been charged on the freehold property included in fixed assets.
Page 9
continued..

ISLE OF WIGHT BUS & COACH
MUSEUM UMITED
NOTES TO THE FINANCIALSTATEMENTS- contlnued
FOR THE YEAR ENDED 31 D£CEM8ER 2023
ACCOUNTING POLICIES- contlnued
Tanglble fixed assets
No depretiation has been thaiged on ihe motor vehicles included in fixed assets. Due to the unique nature of
the motor vehicles, the trustees are of the opinion that these assets are expected io only apprecFate in value.
and the chariiy iniends io keep a full maintenance programme on eath vehicle in order to ensL•re that they are
kept in their existin8 condition.
All of the fixed assets are used in diiect furtherance of the charity's objectives. The tfustees consider that the
buses are investment assets and have a value of over their cost of £68.57112022-. £68,571).
Taxatlort
The charity ts exempi from corporation tax on its charitable activities.
Fund accountlng
Unrestricted funds can be used in accordance with the charitable objectives ai the dlscretion of the trustees.
Restricted fund5 can only be used for particular restricted pur￿seS within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for partitular restrirted purposes.
Further explanation of the nature and purpose of each hjnd is included in the notes to the financial ststement5.
OTHER TRADING AcTrvmES
2023
2022
Sales
12.999
12,132
NET INCOMEIIEXPENDITUREI
Net incomellexpenditurel is stated after Char81n￿{crediting>.
2023
2022
Depreciation- owned assets
Deficit on disposal of fixed assets
4.924
198
5.073
Page 10
continued...

ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED
NOTES TO ThE FINANCIAi STATEMENTS- tontlnued
FOR THE YEAR ENDEO 310ECEMBER 2023
TRUSTEES. REMUNERATION AND BENEFIT5
There were no irustees. remuneration or other benefits for the year ended 31 Oecember 2023 ntsr for the year
ended 31 December 2022.
Twstèes. èxpens¢s
There were no trustees expenses paid for in Ihe year ended 31 December 2023.
The following ferry tosts incuned by the charity were reimbursed by trustees in 2023.. 8enjamin Bartram £618
12022.. £6831. Brian Dicks £45412022.. £3511. and Deiek Priddle £nil12022.. £1471.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTNMES
Unrestricted
funds
Restrirted
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
39.865
io.ioo
49.965
Charltablè actlvitles
Running of the Bus Museum
42,366
42,366
Other trading activities
Other income
12.132
3.547
12,132
3.547
Total
97.910
10,100
108,010
EXPENOITURE ON
Raising funds
4.307
4.307
Charktable artivities
Running of the Bus Museum
65.532
9,974
75.506
Total
69.839
9.974
79,813
NET INCOME
Transfers between fvnds
28,071
1.626
126
11.6261
28.197
Net m0￿m•nt In funds
29,697
I1,5￿)
28,197
RECONcIL￿￿ON OF FUNDS
Total fLtnds broughr forward
466.760
3,71JO
470.460
TOTAL FUNDS CARRIED FORWARO
496.457
2,200
498,657
The comparatives tor the statement of financial artivities are all in relatiL)n to Ltnfestricted fLtnds.
Page 11
continued...

ISLE OF WIGHT 8US & COAQI
MUSEUM IIMwfED
NOTE5 TO THE FINAN￿￿ STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2023
TANGI8LE FIXED ASSErs
Fixtures
and
fittings
Freehold
propertv
Motor
vehicles
Totals
C05T
At I january 2023
Additions
Disposals
304.261
44.312
3.714
12501
68,571
417.144
3.714
12501
At 310ecember 2023
304.261
47.776
68.571
420,608
oepRECIATION
At l January 2023
Charge for year
Eliminated on disposal
14.134
4.924
1521
14.134
4,924
1521
At 310ecember 2023
19.(t6
19.(lJ6
NET BOOK VALUE
At 31 Oecembef 2023
304.261
28.770
68.571
401.602
At 31 December 2022
304.261
30.178
68.571
403,010
DEBTORS: Amoumfs FALLING DUE WIThIN ONE YEAR
2023
2022
Other debtors
Prepayments
2,000
5.515
4.088
3.953
7.515
8.041
Page 12
continued...

ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2023
CREDITORS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR
2023
2022
Bank loans and overdrafts (see note 101
Accrued expenses
390
1.892
2.653
2.653
2.282
CREDITORS: AMOUNTS FAWNG DUE AFfEA MORE THAN ONE YEAR
2023
2022
8aftk loans Isee note 101
5,490
io.
LOANS
An analysrs of the maturity of loans is given below=
2023
2022
Amounts falling due within one year on demand..
Mortgage
390
Amounts fallin8 between one and two years..
Mortgage- 1-2 years
409
Amtyjnts falling due bÈtween two and five years".
Mort8a8e- 2-5 years
1.349
Amounts falling due in more ihan five years=
Aepayable by instalments=
Mort8a8e more 5 yr
3,732
ii.
SECURED DEBTS
Page 13
continued...

ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS- ¢ontinu¢d
FOR THE YEAR ENDED 31 DECEMBER 2023
12.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.12.23
At 1.1.23
Unrestrlrted funds
General fvnd
Property fttnd
Fixed Assets
99.326
298.382
98.749
28.348
iii
15.1221
19.3641
5.880
3.849
118,310
304.261
97.476
496.457
23.225
365
520.047
Restridèd funds
Restricted Fund
15561
13651
1,279
TOTAL FUNDS
498.657
22.669
521.326
Net movement in funds. included Én above are as follow5.'
Incoming
re50urees
Resources
expended
Movement
in fvnd5
Unrestrlrted funds
General fund
Property fund
Fixed Assets
130.728
1102.3801
28.348
15.1221
15.1221
130.727
1107.5021
23.225
Restrlrted funds
Restricted Fund
12.S561
15561
TOTAL FUNDS
132.727
1110.0581
22.669
Pa8¥ 14
eontinued...

ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 DECEMBER 2023
12.
MOVEMENT IN FUNOS- contlnued
Comparatives for movemènt In funds
Net
vement
in fvnds
Transfer5
between
fvnds
At
31.12.22
Al 1.1.22
Unrèstrlrted lunds
General fund
Property fund
Fixed Assets
73.834
298.074
94.8S2
33.143
17.6511
308
8.969
99,326
298,382
98.749
15.0721
466.7
28.071
1.626
496.457
Restrirted funds
Restricted Fund
3,7C
126
{1.6261
2.2
TOTAL FUNDS
470.460
28.197
498.6S7
Comparative net movement in hjnds. included in the above are as follows-.
Incoming
resources
Resources
expended
Movement
in fund5
Unrestrlcted fvnds
General fund
Fixed Assets
97.909
164.7661
15,0731
33.143
15.0721
97.910
169.8391
28.071
Restrict￿ funds
Restricted Fund
10.1
19.9741
126
TOTAL FUNDS
108.010
179.8131
28.197
Page 15
continued.

ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED
NOTES TOTHE FINANCIAL STATEMENTS- contlnu•d
FOR THE YEAR ENDED 31 DECEMBER 2023
12.
MOVEMENT IN FUNDS- cOn￿nutd
A current year 12 months and prior year 12 months combined p051tion is as folbows..
Transfers
between
funds
movement
in funds
At
31.12.23
At 1.1.22
UnréstrirtÈd lund5
General fund
PropÈrty fund
Fixed Assets
73.834
298,074
94.852
61.491
117,0151
6.188
12.818
118.310
304,261
97.476
110.1941
466.760
51.2%
1.991
520.047
R•strirted funds
Restricted Fund
3.7WJ
14301
11.9911
1.279
TOTAL FUNDS
470.460
SO.866
521,326
A current year 12 months and prior year 12 months combined nei movement in funds. included In the above
are as follows..
Incoming
resources
Re5oyrce5
expended
Movement
in funds
Unrestrlrted funds
General lund
Property fund
Fixed Assets
228.637
lil
1167,1461
61,491
iii
110.1941
110,1951
228,637
1177.3411
51.296
RÈstrlrted funds
Restricted Fund
12.1(X)
112.5301
14301
TOTAL FUNDS
240.737
1189.8711
50.866
A•strld•d Funds
During the pefiod. £1.2￿ of the fe5tricted funds held over from 2022 relatin8 to the Royal Pavilion and
Museums grant has been expended and used on an organisation health check. £400 of the restricted funds
held over from 2022 relating to the Co-op carbon neutral projert h45 been txpended on the garden.
Restricted lunds ￿Main￿ng at the end of the yeai cons￿$ of £679. which relate5 to the Royal Pavilion and
Museums grant to be spend on an repairs which are required as a resuli of the flood suffered in the year and
£6W held over from 2022 to be spent on the repainting of Brtstol MW18061.
Page 16
continued...

ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS- cont5nued
FOR THE YEAR ENDED 31 DECEMBER 2023
12.
MOVEMENT IN FUNDS. conttnued
Transfers between lunds
Déslinated Funds:
Property Fund
The transfer of £5.880.12022- £3081 relatJ"ng to the ¥al￿e ol the property less any outstandin8 loans secured on
the property wa5 transferred from the general fund to the desi8nated fvnd. This reflects the value of the 'loan
repaid in the year from general funds.
Fl¥ed Asset Fund
The transfer of £3,849.12022- £8,969) re.aligns the value of the fund with the nei book value ol the fixtures an
fittings and motof vehicles at the year end.
Réstrirted Funds-.
The transfer of £1365112022 . £1.6261 relates to fixed assets purchased using restricied funds which have been
transferred into general use.
ij.
OTHER FINANCIAL COMM¥fMENTS
As at 31 December 2023 the charity was Committed to expenses under non-¢an¢ellable operatlng leases of
freehold property amounting to £4,091 due in less than one year.
14.
RELATED PARTY DISCLOSURES
The char￿tY has continued to make payments of £3.444 for the year wirhin the ierms of its lease agreement to
Mr D Priddle. for the rental of a barn that ihe charity uses for ihe storage of vehicles. Mr Priddle ha5 been
appointed a trustee during the year.
Page 17

ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED
OETAILeD STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ENDED JI DECEM8ER 2023
2023
2022
INCOME AND ENDOWMENTS
l)onatlons and legad•$
Don•tion5
Gift aid
Legacies
Grants
33.2C6
5,298
35.075
2.79D
12.100
49.965
Othertradlng a¢tlvlttes
Sales
12.999
12.132
Charlt•bk artivitles
Admis￿0￿$ and tours
Subscriptions
53.897
10.207
32.940
9.426
64.104
42.366
oiher Incom•
Other income
Interest recewed
5.280
340
3,543
5.620
3.547
Total Incomlng Msources
132,727
108.010
EXPENDFtURE
Ra151ni donattons and l*¢¥lès
Postage and statK)nery
5.630
1,930
oiher tradlng actl¥lil•s
Purchases
9.704
2.377
Charlt•blè attfviti
Rates and water
Insurance
Light and heat
Telephone
Advertising
Sundries
Carried forward
424
8.820
4.914
623
5,794
78
20.653
521
7.215
3,909
607
3.896
93
16.241
This page does ￿t form part of the statutory financial statements
Page 18

ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED
DETAILED STATEMENT OF FINANCIAI AcfiviTIE5
FOR THE YEAR ENDED 31 DEceMBER 2023
2023
2022
Charltable a£tlvltl•s
Brought forward
Motor expenses
Travelling
Rent
Repairs and renewals
Events
Fixtures and fittings
Loss on sale of tangible fixed assets
Mort6a8e interest
20,653
17,784
12,596
10.445
14.713
7.776
4,924
198
359
16,241
19.391
6.988
9,973
7,929
5.073
360
89,448
72,764
Support costs
G0￿ManCe costs
Attountancy leès
Professional lees
Substription5
1.830
3,133
313
1.476
1,054
212
5,276
2.742
Toial resources expended
110.058
79,813
Net Income
22.669
28.197
This pa8e does not form part of the statutory financial statements
Page 19