REGISTERED COMPANY NUMBER: 04087762 (England and Wales)
REGISTERED CHARITY NUMBER.. 1097347
REPORTOF THE TRusfEE5 AND
U14AU(XTED FINANaALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
ISLE OF WGTrrr Bus & COACH
MUSEUM UMITED
Bright Bnmn Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wi8ht
P030 S8Z
1111
*AE790540*
211071202S
COMPANIES HOUSE

ISLE QF WIGHY BUS & COACH
MUSEUM LIMITED
CONTENTS OF THE FINANOAL STATEMENTS
FOR THE YEAR E14DED 31 DECEMBER 2024
egort of thtTrus¢ees
1 10 4
Independent Examtnerfs Report
ststement of Finandal ArtbAties
Balanc• Sheei
Notes to the Financlal Slatements
9 to 17
Detsiled Ststement of Finan¢i•l Attivitios
18 to 19

ISLE OF WIGHT BUS4 COACH
MUSEUM LIMITED IREGisf£RED NUMBER: 04LW762)
REPORT OF THE TRIJSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees who are also dI￿rtOrS of the tharity for the purposes of the Companies Att 2CQ6. present their report with
the financial statements ot the chariry forthe year ended 31 December 2024. The trustees have adopted the provisions of
Accounting and Reporting by Charittes.. Statement of Recommended Practice applicable to tharities p￿parIng th•r
account5 in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021
leffEcti¥e l January 20191.
08JECTIVES AND AcfMnES
Obje¢tL¥Q5 of the Charitable company
To advance public education by establishinR a permanent display of historic commercial and public carriage vehicles at a
museum on the Isle of Wight. Whilst some of these ¥ehtcles act as static exhibits only. others are road le8313nd are
regularly employed to carry passengers OA spe¢ial eveni days. Additionally for like purpose to promote a permanent
pieservatlDTh ol all acquired historic cornmercial and public carTia8e vehicles and their related equipment, including iterns
of general transport interest. especially where potential hi5tori¢ or scientific importance and educative values are
involved.
Rwi•w of the developm•nt and achievement ofthe d￿ritable(OmPlnY
It's been a very encouraging year on many fronts mainly down to the incredible numbers of houis worked by our devoted
volunteers. Our visitor numbers have increased by an amazing 27%. compared with last year. Tht5 is at a tirne when many
attractions have seen their numbers fall. We are also Erateful for the many generous donatioTrs reteNed. However we can
afford to bé complacent. Unexpected challenges can ahvays confront us.
Like any other charity. our main aim on the financial side is io cover our ever increasing overheads each year. We ilso
hope that we can rnake an appropriate surplus based on our ttsrnover. This helps support the c05t of vehitle re5toratitsn
projects and maintain both our regular running fieet along ￿th our 1930's buslding.
We are pleased to report. that for the second year runniw we have won the Silver Award for Best Small Attrartion in the
Red Funnel IS￿ of Wight Awards. based on votes cast. We also again achieved Trip AdM5er Travellers. Choice award. This
refiects well on what we are achieving.
Wi8htrider. our major annual event. hdd in October. is now in it5 third year and. supported by much fine weathEr, proved
to be very successful, both financially and also as a visiiof 3ttrattion. The smaller May evenL Rydabus was also a gfeat
succe5S.
We must a￿ayS be prepared to adapt and try out new idea5 in order to raise extra income. One such idea was a one day
end of season event which we called 'Winteryder'. Luckily it proved to be very k)opular with many more visitors than we
were expectin8. Bus trips were provided from within our own collectlon, whilst we were particularly pleased to attract a
differeni type of audience. no doubt prompted by the stallholders. Santa's Grotto or listening to the'scottish Fiddlers,.
Rather than IwJyin8 in prepared sandwiches we now hzve the fa(ilitie5 znd approval lo make our own. Wi8htrider was the
First rnajor event wth our excellent café team continualty makin8 theirown to satisfy the strong demand.
We are alway5 happy to host cornmunity groups and musical groups for no charge. Another remarkable athievement w35
our museum winnin8 fifsi priie in bthh Ryde CamNals. We had an impressive line up of five vehicles.
Page I

ISLE OF WGHT BUS & COACH
MUSEUM LIMITED IREGSSTERED NUMBER: 040877621
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
OBJECTIVES AND ACllVITIES
On the vehicle front. we are makin£ strong progress with the complete re5toratbon of our 19205 Daimler CK. We We￿ s)art
of a channel 5 program ors the Isle of Wight and the engine was shown running for the first time on this show. The
restoration ol oui ex Southem Vectis Bristol K IJDL 40fleet number 7661 is pro8ressing well.
After fully sounding out the market. our trustees have instructed a company to create a completely new comprehensive
and cost effective webstte. By incorporating our database and websiie from the outset. this will save a significant amount
of expense and will better future proof our infrastructure. Thiswill be a major step forwaid and. amongst other thing5, will
increase our visitor numbets and pvomotè our professional image_
Following keenness from our front of house and café reams. we experimented with opening each Thursday and Sunday
during November. However despite some success. the onset of colder we?ther in December made it impossible to
continue and we decided to d05e Ulltil Easter 2025.
We have had continued support from Ryde Town Council during the year with a grant to help with runnin8 Costs. We also
ceived grants following our flood from the Isle ol Wight Council and Royal Pavilion and Museum Trust. With added
financial support from members and the 8eneral public we were abk ￿ not onty repaif the flood damage of late 2023. but
improve kitchen facilities to be able to reopen on time at Easter.
The Trustee5 ale keen to become an accredited museum and wrk has continued to athieve this airn.
Durin8 the yearTrnstee Jonathan Lamb stood down.. we thank him for hi5 considerable contribution to the Mu5eurn.
The Trustees would like to thank all who have helped athieve w much in our nbneth year of opening in our own. r*ow loan
free. freehold premise5.
FINANCIAL REWEW
Results for the financial year
Total income for the year arnounted to £155.￿212023.. £132.7271 indudin8 £?.(￿l2023.. £2.0￿) ol restricted intome.
Total e¥pendrfcure in the year amounied to £138,64212023.. EIIO,0581 including costs of raising fvnds of £29,979 12023..
£15,334) and costs of running the Bus Museum 01 £108.66312023.. £94.7241. Restricted expend((ure amouThted to £2.679
IZ023.. £2,556>. Unrestricted funds tarried fofward at the eThd of the year arnounted to £532.986. 12023.. £520,047) and
restritted funds carrieé forward at the end of ihe year amounted to £5.6W12023.. £1.2791.
Resetyes pollcv
It is the policy of the tharttable company to maintain unre5trirted lunds. whith are the Iret ￿serveS of the tharitable
company, at a level whÈch equates to app¥oximatety six months un￿tricted expenditure. This pfovides sufficient funds to
cover governance and support ttjsts. In addition the charitable cornpany maintain5 additional unrestricted funds to enable
the charity to acquire fvrther vehicles as they become available. Addttional furnds will be used to enhance the museum
di5play5 etc. and allow the charty to invest in the collettion vthen the opportunity arises.
The free unrestricted general funds of the thar¥ty amounted to £119.689, whith the Trustees consider adequate to meet
the aims set out in thi5 policv.
The Trustee5 may invest the funds of the tharrty as they see rrt.
Page 2

ISLE OF WIGlff BUS & COACH
MUSEUM LIMITED IREGISTEAED NUMBER: 040877621
REPORTOF THE TRUSTEE5
FOR THE YEAR ENDED al DECEMBER 2014
FUTURE PLANS
As always. we have to strive to keep eosts down aThd revenue up and this will continue to be the focus for the Trustees. To
this end we will continue to seek donations and in parti(ulaf exploit the conslderable scope to increase the participation
of rnembers rather than use paid staff or contractors. We will continue with our policy of using volunteer staff.
We wll continue work on our Oaimler CK. Work will continue to rebuild the body u5in8 as much of the original structure
and fittings as possible. We will also be seeking grani lunding to help with the hi8h cost of thi5 projett. Thè restoration of
our ex Southern Vertis Bristol K IJDL40 Iltet number 7661 wll continue.
Trustees have allocated fund5 to ensure high quality restorations can be completed by our volunteers with Specialist work
carried out as required. Funding has also been allocated next year for two professional repaint5. The Bedford SB. ODL 400
and Bristol FLF 611 ICDL479CI. have been stletted.
We expect our newwebsite to go Iwe during the year and hope this will play its part in further growingvisitor numbers.
With a wew to using all the space in the museum we will be installing z staircase so we can use the floor spate above the
kitchen.
Work will continue on our desi￿ to achieve attredited museum status. and hope this Might be achieved by the end of
2025.
sTRu￿vRE. GOVERNANCE AND MANAGEMENT
Governinq d¢xumeni
The charity is controlled by its 8overnin8 document. the mel￿ra￿dUM and arricles of association. dated 11 October 2CKIO.
Recruitment and appointment of new trustees
A new tvustee may be appointed by a resolution of the trn5tees rÈcorded in the minutes and signed by the new trustee.
and such record shall be conclusive evidence of his aPPtyhtmenL
Risk management
The trustees hève examined the major strategic. bu5ine55 and operational risks which the charitable comyany faces and
confirm that SV5tems have been established to enable regular reports io be produced so that the necessary step5 can be
taken to lessen these risks.
REFERENCE AND ADMINISTrATIVE DETAI
Relistered Company nurnber
04087?62 (England and Wales)
Re$istered Charity number
1097347
fteglstered offi¢e
The Bus Oepot Park Rtsad
Ryde
Isle ol Wieht
P033 28E
Page 3

ISLE OF WIGlff BUS & COACH
MUSEUM LIMITED IRÉfj15TERED NUMBER: 040877621
AÉPORTOF THE TRUStEES
FOR TrIÉ YEAR ENDED 31 DEC£m￿ft 2024
Trystees
R J Newman
K Randle
L G Robert5
8 8artram
T Whelan
G Brazier lappointed 13.1.251
T Wood
D Priddle
rsSEWinn
Company Secretary
B Woolven
Independent Examiner
Bri8ht Brown Limited
Chartered AccoJntants
Exchange House
St. Cross Lane
Newport
Isle of WIRhl
P030 $8Z
Bankers
Lloyds TS8
39 Union Street
Ryde
Isle of Wi8ht
P033 2AB
Thi5 report has been prepared in xcordance with the special F￿0VIsIOnS of Part IS of the Companies Act 2006 relating to
small companies.
[*...S.￿....￿...&s. and signed on its behalf bv:
Approved by ordèr of the t*Jard of trustees on....
D Priddle- Trustee
Pa8e 4

INDEPENDENT EXAMINERS REPORT TOTHE TRUSTEESOF
ISLE OF WIGHT BUS & COACH
MUSEUM UMITED (REGISTERED NUMBER: 040877621
Independent ex•miner's to thetruste*s of Ssl•of Bu5 & Coach Museum Limited cOm￿nTIl
I reporr to the charity trustees oft my examinaiion of the accounts of the Company for the year ended 31 December 2024.
Responsibilities and basis of report
As the Charity's trustees of the Company land also its directors for the purpose5 of company lawl you are responsible for
the preparaiion of the accounts irn aceordance with the requirements of the Companies Act 20061'the 2006 Act'l.
Ha¥7n8 sattsf1ed myself thèt 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 reporr in rEspect of my exèminètion of your charity's accounts as carried
out under Section 145 of the Charities Act 2011 I'rhe 2011 Act'l. In cafrying out my examination I have followed the
Direction5 given by thè Charity Commission under Section 14515) Ibl of the 2011 Act.
Independent examiner's ststement
I have completed rny exarninatioTh. I confirm t￿t no matters have corne to rny attention in connection with the
eyamination giving me cause t4 believe..
accountin8 records were not kept in respett of the Company as required by 5eciion 386 of the 2006 Art,. or
the accounts do not accord with those cecords.. or
the account5 do not comply with the accounting requirements of Section 396 of the 2006 Act other than any
reouirement that the accounts give a tme and fair view which is not a matter cofi5ide￿d as part of an
independent examination.. or
the accounts have not been prepared in 3ccordaTh￿ with the rnethods and principles of the Staternent of
Recommended Prartice for accountin8 and reportin8 by charities (applicab￿ to charities preparing their accounts
in aC￿rdanCe with the Financial Reporting Slandard applicable in the UK Republic ol Ireland IFRS 10211.
I have no concerns and have come auoss no other matters in connection with the examination to which attention should
be drawn bn this report in orderto enable a proper undefstanding of the actounts io be reached.
David Stevens
Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wighi
P030 58Z
Date..
loz
Page 5

ISLE OF WIGTrrf BU5 & COACH
Museum UMITED
STATEMENT OF FINANCIAL AcmimES
FOR THE YEAR ENDÉD 31 OECEMBÉA 21)24
2024
Total
funds
2023
Total
funds
Uniestrited
funds
Restricted
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legaties
53,234
60.234
Charltable afthillies
Runnin8 ofthe 8u5 Museum
87.048
87.048
64,104
Other tradin8 attivities
Other intome
1.453
7.167
1.453
7.167
12,999
5,620
Totsl
I￿8.￿12
7.oc
155,902
132.727
EXPENDITURE ON
Raising funds
29,979
29.979
IS.334
Charitable artivitie5
Running of the 8us Museum
105.984
2.679
108.663
94.724
Total
135.%3
2.679
138.642
110.058
NET INCOME
12.939
4.321
17,260
22,669
RECONCILIATION OF FU14DS
Total funds brought forward
520.047
L279
521.326
498.657
TOTAL FUNDS CARWED FORWARD
532.986
538.586
521,326
The notes form part of these finanoal statemenis
Page 6

ISLE OF WIGHT BUS & COACH
MUSEUM LI•AfTED {REGISTÉRÉD NUM8ER:1>10877621
LANCE SHEET
31 DECEMBER 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restrtcted
fund
Notes
FIXED ASSETS
Tangible assets
413.297
413.297
401.602
CURRENT ASSErs
Stocks
Debtors
Cash at bank and in hand
1.02S
11.626
110.439
1.02S
11.626
116.039
7.515
114.862
I23.0￿7
128,690
122,377
CREDITORS
Amounts falling due within Me year
13.4011
13.4011
12.6531
NET CURRENT AS￿$
119.689
125.289
119.724
TOTAL ASSEfs LESS CURRENT UABILMES
532.986
538.586
521,326
NET ASSETS
532.986
538.586
521,326
FUNDS
Unrestricted funds
Restricted funds
li
532.986
520,047
1.279
TOTAL FUNDS
538.586
521,326
The Iharitsble company 15 entitled to exemption from audit under Section 477 of the Companies Art 20(% lor the year
ended 31 December 2024.
The members have not required the cornpan¥ to obtain an audil of it5 financial statements for the year ended
31 t>ecember 2024 in accordance with Section 476 of the Companies Aci 2C¥
The trustees acknowledge their re5pon5ibilities for
ensuring that the charltable cornpany keep5 accounting record5 Ihat comply with Secttons 386 and 387 of the
Companies Att 2CK)S and
preparing financial statements which a true and fair view of the state of affairs of ihe tharitable company as
at the end of each financial year and ol its surplus or deficit for eath financial year in accordance with the
requirements of Sertiofts 394 and 395 and which otherwise comply with ihe requirerT*nts of the Companies Act
21Y)6 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 7
continued...

ISLE OF WIGHT BUS & COACH
MUSEUM LIPAIYED {REGisfERED hlUMBER.. 04087762)
BALANCE SHEEf- continued
31 DECEMBER 2024
These financial statements have been prepared in xcordance with the provisions applicable to charitable companies
subjett ¢0 the small companies regirne.
The financial statements were approved by the Board of Tru5tee5 and aUth¢y￿ for issue on
and were signed on its behalf by..
D Piiddle-T¥ustee
RIJN
n- Trusie
The notes form part of these finanoal statements
Pa8e 8

ISLE OF WIGHT BU5 & COACH
MUSEUM LIMITED
NOTES TO THE FINANaALSTATEME14TS
FOR THE YEAR ENDED 31 DECE•ABER 20Z4
ACCOUNTING POUCIES
asi5 of preparin8 the financial statements
The financial statements of the charitable companyi whith is a public benefit entity under FRS 102. have been
prepared in accordance wilh the Chaflties SORP IFRS 1021 'A￿OuntIng and Reporting by Charities." Statement of
Recommended Practice applicable to charities preparin8 their account5 in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 leffettNe I lanuary 20191,, Financial Reporting
Standard 102 'The Financial ReportinR Siand3rd applicable in the UK and Republic of Ireland, and the Companies
Act 2Q)6. The financial statements have been prepared under the histortcal cost convention.
The Isle of Wight 8us and Coach Museum knmiied is a pri¥aie wmpany limited by guarantee and incorporated in
England. The finanual statements are presented in Sterlin& which is the functional currency of the charitable
company. There are no material uncertainties about the charity's ability to continue_
Inmm*
Voluntary income
Voluntary iA¢ome is recognised in the Ststement of Fina￿la1 Activities once the charitable eornpany has
entitlement to the funds. it is probable thatthe income ￿11 be receNed and the amount can be measured reliably.
For donations thbs is generally upon receipt.
Grants are Tecognis*Y when unconditional entitlement to the income is passed to the charitable company. Where
th￿ are pertormance related terms and condttions that must be met before unconditional entitlement passes to
the charitable company. the income ￿ reco8nised once it is highly probable that these will be mei. Where no such
conditlOn5 exist the income 15 recognised when it 15 received.
Charitable and othertrzding artlvlties
Income from trading activities i5 fEcognised net of VAT and all other sale5 taxes when the goods are delivered or
semces are prowded.
Membership income is reco8nised even￿ over the period the meMbe￿hIp relates to.
Investm*nt incorne
Interest receivaNe is reccgnised o¥ef the period it is accrued.
Expenditure
tsabilities are recognised as expenditure as soon as there is a legal or constructive obli8atioTr comrnitting the
tharity to ihat expelldituie, it is probable that a transfer of econornic benefit5 will be re4uired 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 headin8$ that a8gre8ate all cost related to the (ate80ry. Where costs cannot be directlv
attributed to particular headings they have been allocated to artivitie5 on a basis consistent with the use of
resources.
Tangible fixéd assets
Depreciation is provided at the fcAlowingannual rates in ¢yder to write off each a55et over it5 estimated useful life.
Fixtu￿5 and fttln
15% on reducrn8 balan￿ aftd IO%on cost
Pa8e 9
continued...

15LE OF WIGHT BUS& COACH
MUSEUM UMITED
NOTESTO THE FINANCIALsfATEMENTS- eontinued
FOR THE YEAR ENDED 310ECEMBER 2024
ACCOUNTING pouaE5- ¢oDtinued
Tan¢iNe filed assets
The TrLJStees are of ihe opinion that the residual value of the property owned would be Rreatsr than the initial
cost and 50 no depreciation has been charBed on thefreehokl property included in fixed assets.
No depreciation has been chargefl on the motor vehides included iTh fixed assets. Due to the unique nature of the
moior vehides. the trustees are of the opinion that these assets are expected to only appreciate in value. and the
charity intend5 to keep a lull maintenance programme on each vehicle in order to ensure that they are kept in
their exlsting condition_
All of ihe fixed assets are vsed in dKect furtherance of the tharity's objectNes. The trustees consider that the
buse5 are investment assers and have a value of overtheirtost of £68.57112023.. £68.5711.
Stocks
Stocks are valued at the lower of cost and net reall5ab￿ value. after makin8 due allowan￿ for obsolete and slow
movin8 irems.
r•Jt•tioii
The charity 15 exempt from corporation tax on it5 tharitable activit￿5.
Fund actountinz
Unrestricted funds cart be used in accordan￿with the charitable objectNe5 at the discretion of the tru5tee5.
Restrirted fvnds tan onty be used for particular ￿$t￿ed purposes wthin the objects ol 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 eath fvnd is included in the notes to the financial statements.
OTHÉR TRADINfj AcrivrnES
2024
2023
Salè5
1.453
12.999
Pa8e 10
continued...

ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED
NOTES TOTHE FINANaAL STATEMEP4TS- ¢oniinued
FOR THE YEAR ENDED 31 DECEMBER 2024
INCOMEIIEXPENorruREI
Net in¢ome/lexpenditurel is stated afterthar8inyj1c￿ItingI=
2024
2023
Depreciation- owned assets
Defiot on disposal of fixed assets
4.924
198
TRVSTEES. REMUNERATION AND BENEFrrs
There were no trustees. ￿MuneratIon or other benefits for the year ended 31 December 2024 nor for the year
ended 31 Decernber 2023.
Trustees. expenses
There were no trustees expenses paid tor in the year ended 31 December 2024.
The followin8 ferry costs irbcuired by ihe charity We￿ reimbursed by trustees in 2024.. Benjamin Bartram £447
12023-. É6181. Brian Dicks £65612023: £4541. and Leo Roberts £7412023: £nill.
COMPARATIVES FOR THE STATEMENT OF FINANaALAcnvrriES
Unrestricted
lunds
Rèstritted
fund
Total
funds
INCOME AND ENDOWMEP4TS FROM
Donations and le8acie5
Charitsble activities
Runnin8 ofthe Bus Museum
64,ILM
64,104
Other trading activitie5
Other income
12.999
5,620
12,999
5,620
Totsl
130.727
2,OC
132.727
expENDITURE ON
Raising fund5
15.334
15.334
Charitable artivltie5
Running of the Bus Museum
92.168
1556
94.724
Total
107.502
2.556
110,058
NET INCOMEIIEXPENDfTUREI
23.225
15561
22,669
Pagè 11
continued...

ISLE OF WIGHT BUS S COACH
MUSEUM LIMITED
NOTES TO THE FINANaAL STATEMENTS. Wi￿n￿ed
FOR THE VEAR ENDED 31 DECEMBER 2024
COMPARATIVES FOR THE ￿ATEMENT0F ANANOALACTMTIES- continued
Unrestricied
fund5
Restricted
fund
Total
lunds
Transfers between funds
365
136SI
Net movement in lunds
23.59¥)
19211
22.669
RECONCIUATION OF FUNDS
Total fvnds brought forward
496.457
2.200
498.657
TOTAL FUNDS CARRIED FORWARD
520.047
1.279
521.326
The comparatwes for the ststement of ffinancial actwities are all IA ￿latiOn to un￿strIrted funds.
TANfjIBLE FIXED A55Efs
FFXtures
and
littin85
Freehold
property
Motor
vehicles
Totals
COST
At l January 2024
Addttions
304.261
47.776
IB.735
68.571
420,608
18.735
At 31 ￿e￿mber 2024
304.261
66.511
68.571
439.343
DEPRECIAnON
At l January 2Q24
Charge loi year
19.006
I9.￿6
At 31 December 2024
26,046
26,046
NET BOOK VALUE
At 31 December 2024
304.261
40.465
68,571
413,297
At 31 December 2023
304.261
28.770
68.571
401.602
PaÉe 12
continued...

IS(E OF WIGHTBUS & COACH
MUSEUM LIMITED
NOTES TO THE FINANCIAL STATEMENTS- Continued
FOR TrIE YEAR ENDEO 310ECEM6EA 2024
srocKS
2024
2023
Stocks
1.025
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other debtors
Prepayment5
S.212
6.414
2.OQ)
5,515
11.626
7.S15
CREDITORS: AMOUNTS FAWNG DUE WtrHIN OP4E YEAR
2024
2023
Other creditors
Accrued expenses
i.ioo
2.301
2.653
3.401
2,653
io.
SECURED DEBTS
ii.
MOVEME14T IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.12.Z4
At 1.1.24
Unrestrirted funds
General fund
Property fund
Fixed A$5ets
118.310
304.261
97.476
19.979
118.6001
119,689
304.261
109.036
17.0401
18.600
520.047
12.939
S32.986
Resiri¢ted fvnds
Restricted Fund
1,279
4.321
TOTAL FV14DS
521,326
17.260
538,586
Page 13
continued...

ISLE OF WIGHT BUS & COACH
MUSEUM UMITED
NOTES TO THE FINANaAL sfATEMEN7S- Cont￿Ued
FOR THE YEAR ENDED 31 DECEM8ER 2024
ii.
MOVEMENT IN FUNOS- cl￿tInUed
movement in funds. induded in the above are a5 follow5-.
Incomin8
fe50urces
Resources
expended
Movement
in funds
Unrertricted fvnds
General fund
Fixed Assets
I48.￿2
1128.9231
17.0401
J9,979
17.0401
148.
1135.9631
12.939
Restri¢ted fund5
Restricted Fund
12.6791
4.321
TOTAL FUNDS
155,9)2
1138,6421
17.260
Comparatives for mo¥efflent in fvnds
Net
rnovement
in funds
Transfers
between
fvnds
At
31.12.23
At 1.1.23
Un￿strIcted fvnds
General fund
Property fund
Fixed Assers
99.326
298.382
98.749
28.348
iii
IS.1221
19.3641
5,880
3,849
118.310
304,26J
97.476
496.457
23.225
36S
520.047
Restricted funds
Restrirted Fund
15561
13651
1.279
TOTAL FUN05
498.657
22.669
521.326
Page 14
continued...

15LE OF WIGHT BUS & COACH
MUSEUM UMITED
NOTES TO THE FINANCIALSTATEMEIITS- ¢onthiued
FOR THE YEAR ENDED 31 DECEMBER ZOZ4
ii.
MOVEMENT IN FUNDS- coAtlnued
COry￿arative net movement in funds. indvded in the above are as follows".
Intomin8
resources
Resources
expended
Movement
in funds
Unrertri¢ted fvnds
General fLtnd
Pfoperty fund
Fixed Assets
130.728
1102.3801
28.348
15.1221
15.1221
130.727
1107.5021
23.225
Restrlcted funds
Restritted Fund
12.5561
15561
TOTAL FIJNDS
132.727
1110.0581
22.669
A current year 12 Months and prioryear 12 monlhs Lombined position ￿ a5 follows."
Net
movement
in funds
Transfer5
between
funds
At
31.12.24
At 1.1.23
Unrtstrfrted l￿d$
General fund
Property fund
Fixed Assets
99.326
298,382
98.749
48.327
127.9641
S,880
22.449
119,689
304,261
109.036
112.1621
496.457
36.164
365
532.986
Restrlrted fvnd5
Restricted Fund
3.765
13651
5.600
TOTAL FUNOS
498.657
39,929
538,586
Pa8e 15
continued...

ISLE OF WIGHT BUS & COACH
MUSEUM LIMITEO
NOTESTO THE FINANaAL STATEMENTS- Continued
FOR THE YÉAR ENOEO 31 OECEM6ER 2024
ii.
MOVEMENT IN FUNDS- continued
A curreni year 12 months and prior year 12 months cwbined net movement in lunds. induded in the above are
as follows..
Intomw
resources
Resources
expended
Movement
in funds
Unrestrirted fvnds
General fund
Property fund
Fixed Assets
279.630
1231.3031
48.327
112,1621
112.1621
279.629
1243,4651
36,164
Restricted funds
Re5tricred Fund
15.2351
3.765
TOTAL FUNDS
288.629
I248.7[￿}
39.929
Restrltted Funds
During the period, £l.CKL) relatin8 to educaiional 8iani from the Isle of Wight Council has been expended and used
on new flgoring for our educational room. £1,￿1 relatin8 to a grani from Royal Pavilion has been spent on
replacin8 the floor in the ladies and disabled toilets
Restricted lunds remaining at the end of the year con5i5ts of £600 held over from 2022 to be spent on the
repaintin8 of Bristol MW18061 and £S.ocKI for reslorin8 the Mercede5 Midi Coach.
Transfers between funds
OesiBnated Funds:
Property Fuftd
The transfer ol Nil12023 £5.8801 relating to the value of the property less any outstandin8 loans secured on the
property was transferred from the 8eneral fvnd to the desi8nated fvnd. Th¢s reflett5 the value of the loan repaid in
the year frorn general funds.
Fixed Asset Fund
The transfer 01 £18.600.12023- £3.8491 rtraligns the value of the fund with the Thet b￿k vahTre of the hxturè5 and
fitt¢n85 and moior vehicles at the year end.
Restritted Funds:
The transfer of NÉI 12023 £3651 relates to lixed assets wrchased using restricted funds whith have been
transferred into 8eneral use.
Page 16
coniinued...

ISLE OF WIGHT BUS & COACH
MVSEUM LIMifED
NOTES TO THE F114AP4CIAI STATEMENT5_ continued
FOR THE YEAR ENDED 31 DECEMBER 2024
OThER FINANOAL COMMffMÉNTS
As at 31 December 2024 ihe Iharity was committetl to expenses under nOn-Can￿lIable operating leases of
freehold pvoperty amounting to £8.778 due in le5$ than one year. £18.313 due in two to five year5 and £3,782 due
in more than five years.
13.
RÉLATED PARTY DSCLOSURES
The charity has continued to make paymehis of £3.444 for the year within the tems ol its lease ag￿ement to Mr
D Priddle. for the rental of a bèrn thai the charty uses for the storage of vehicles. Mr Priddle has been appointed a
trustee duringthe year.
Page 17

15LE OF WIGHT BUS & COACH
MUSEUM UMITED
DET￿LED STATEMENT OF FINANCIAL AcriviriES
FOR THE YEAR ENOEO 31 DECEMBER 2024
2024
2023
INCOME AND ENLYOWMENTS
Oonation5 and leg3(ies
Donations
Gift aid
Legacies
GraThts
42,887
5.212
io.oc
2,135
33,206
5,298
8.500
60.234
50.CQ4
Other tradinl attiyltles
Sales
1.4S3
12.999
Charitable artlvities
Admissions and tours
Subscriptions
78.547
8.501
53.897
10,207
87,1)48
64,104
Other Incomè
Other intome
Interest received
5,825
1.342
5.280
340
7.167
5.620
Totsl Incoming resour¢es
155.902
132,727
EXPENDITURE
Rakslnl donatlons and le￿¢{e$
Postsge and stationery
7.362
5.630
Other tradlng aahitles
Purchases
Closing stock
23.642
11.0251
22.617
9,704
Charitable artivlties
Rate5 and water
Carried forward
35S
355
424
424
This page does n¢X fom part ofthe statutLwyffinancial statements
Page 18

ISLE OF WIGHT BUS & COACH
MUSEUM LIMITED
DETAILED STATEMENT OF FINANCIAL ACTivrfiES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Charitabfe artiwties
Brought forward
Insurante
Light and heat
Telephone
Advert15in8
Sundries
Motor expenses
Travellin8
Rent
Repair5 and renewals
Event5
Fixtures and ftttlll85
Loss on sale of tangible fixed assets
Mortgage interest
355
9,229
6.242
779
4.035
179
23.282
12.336
11,473
24.S78
5.945
7,Otl0
424
8.820
4.914
623
5,794
78
17,784
12,596
10,445
14,713
7.776
4,924
198
359
105.473
89,448
Support cosis
Governance r05ts
Actountancy fees
Professional fees
Subscripti￿5
1.5
1.830
3,133
313
3.190
5,276
Toial resources expended
138.642
110,OS8
Ntt income
17,260
22,669
This page does not form part gf the statutory financial statements
Page 19