Registered Number 4616639
Lincolnshire Vintage Vehicle Society Ltd
Reports & Accounts
31 December 2020
Lincolnshire Vintage Vehicle Society Ltd Registered Number 4616639 Directors Report
The trustees who are also directors of the charity for the
Purposes of the Companies Act 2006, present their report
and accounts for the year ending 31 December 2020
Principal Activities
The company is limited by guarantee and is governed by its
Memorandum and articles of association and its principal
Activity during the year continued to be the operation of an
Accredited road transport museum and the operation of its
Vehicles as an educational service to the public.
Directors
The following persons served as directors during the year
Paul Bratley Alexander Johnson Bruce Peter Cairns Pamela Anne Francis Susan Kathleen Howe Michael David Gallagher Steven Philip Milner
Small Company Provisions
This report has been prepared in accordance with the provisions
In part 15 of the companies act 2006 applicable to companies
Subject to the small companies regime
The report was approved by the board on 21[st] October 2021 and
Signed on its behalf
SP Milner Chairman
Independent Examiners Report
I have examined the books, records and vouchers of the
Lincolnshire Vintage Vehicle Society Limited for the year
Ending 31[st] December 2020 and from the information and
Explanations given to me certify that these accounts are
In accordance with and represent a true and fair view of
The state of affairs of the society at that date.
Nigel Rhodes ACIB, Independent Examiner 7 October 2021
The Compani
Principal Activities LINCOLNSHIRE VINTAGE VEHICLE SOCIETY LTD
Reports & Accounts
31[st] December 2020
Lincolnshire Vintage Vehicle Society Ltd Income and Expenditure Year End 31 December 2020
| INCOME Subscriptions Donations Museum Support Museum Admission Vehicle Repairs & Maintenance Vehicle Hire Events Income over expenditure Asset realistation Sundry Income Catering income over expenditure Bank Interest Gift Aid Covid 19 Grant EXPENSES Con-Rod Publicity Premises, services, repairs Admission card costs Vehicle Repairs & Maintenance Contract fees paid to attendants Legal expenses Depreciation General and administrative expenses Direct purchases by catering account Insurance Income less expenditure |
2020 £ 4,493.00 2,003.79 8,568.70 364.00 350.00 735.40 377.53 2,534.66 5,041.48 6,000.00 ### 2,357.00 255.00 4,322.37 0.54 9,311.37 35.00 254.00 1,256.81 200.27 7,424.20 ### 5,052.00 |
2019 £ 5,304.00 3,955.00 8,641.00 6,161.00 5,174.00 744.00 13,332.00 2,549.00 1,916.00 4,642.00 3,281.00 3,585.00 |
|---|---|---|
| ### 1,646.00 342.00 3,962.00 247.00 5,761.00 5,073.00 98.00 282.00 7,676.00 553.00 7,250.00 |
||
| ### ### |
Lincolnshire Vintage Vehicle Society Ltd Balance Sheet Year End 31 December 2020
| 2020 £ FIXED ASSETS Tangible Assets 2 1,234,982 CURRENT ASSETS Stocks 1,887 Cash at bank and in hand 3 299,222 301,109 creditors -350 Net current assets 300,759 NET ASSETS 1,535,741 |
2019 £ 1,235,236 1,887 293,916 |
|---|---|
| 295,803 -350 295,453 |
|
| 1,530,689 |
Notes
1. Accounting Policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for smaller entities.
Depreciation
Depreciation has been provided at the following rates in order to write off the asset over their estimated useful lives.
Pland and machinery: 10% reducing balance.
The directors consider that the value of land and buildings and the motor vehicle collection are likely to appreciate and it is therefore inappropriate to depreciate the
Stocks
Stock is vauled at the lower cost and net realisable value.
2. Tangible Fixed Assets
| 2. Tangible Fixed Assets | |||
|---|---|---|---|
| Land and | Plant and | Motor | |
| **buildings ** | machinery | vehicles | |
| £ | £ | £ | |
| Valuation as at 31 December 2019 | 875,000 | 2,536 | 357,700 |
| Depreciation charge for the year | -254 | ||
| Valuation as at 31 December 2020 | 875,000 | 2,282 | 357,700 |
3. Cash at Bank
| 3. Cash at Bank | |
|---|---|
| Natwest Acct 1 | 453.63 |
| Natwest Acct 2 | 2,946.41 |
| Barclays | 11,547.78 |
| Virgin | 35,418.81 |
| Nationwide Instant | 3.95 |
| Nationwide 95 days | 85,215.41 |
| Shawbrook | 56,149.66 |
| CCLA | 4.04 |
| Cambridge | 88,438.75 |
| Catering | 19,044.22 |
299,222.66
Total 1,235,236 -254 1,234.982
Registered Number 4616639
Lincolnshire Vintage Vehicle Society Ltd
Reports & Accounts
31 December 2020
Lincolnshire Vintage Vehicle Society Ltd Registered Number 4616639 Directors Report
The trustees who are also directors of the charity for the
Purposes of the Companies Act 2006, present their report
and accounts for the year ending 31 December 2020
Principal Activities
The company is limited by guarantee and is governed by its
Memorandum and articles of association and its principal
Activity during the year continued to be the operation of an
Accredited road transport museum and the operation of its
Vehicles as an educational service to the public.
Directors
The following persons served as directors during the year
Paul Bratley Alexander Johnson Bruce Peter Cairns Pamela Anne Francis Susan Kathleen Howe Michael David Gallagher Steven Philip Milner
Small Company Provisions
This report has been prepared in accordance with the provisions
In part 15 of the companies act 2006 applicable to companies
Subject to the small companies regime
The report was approved by the board on 21[st] October 2021 and
Signed on its behalf
SP Milner Chairman
Independent Examiners Report
I have examined the books, records and vouchers of the
Lincolnshire Vintage Vehicle Society Limited for the year
Ending 31[st] December 2020 and from the information and
Explanations given to me certify that these accounts are
In accordance with and represent a true and fair view of
The state of affairs of the society at that date.
Nigel Rhodes ACIB, Independent Examiner 7 October 2021
The Compani
Principal Activities LINCOLNSHIRE VINTAGE VEHICLE SOCIETY LTD
Reports & Accounts
31[st] December 2020