| 

| 


**----- Start of picture text -----**<br>
QEtéss L<br>~ An Pim c<br>aN ee | ee. o<br>eo} clita &® ey,<br>**----- End of picture text -----**<br>



**----- Start of picture text -----**<br>
Registered number<br>4616639<br>**----- End of picture text -----**<br>


## Lincolnshire Vintage Vehicle Society Ltd 

# Report and Accounts 31 December 2021 



Registered number 4616639 

## Lincolnshire Vintage Vehicle Society Ltd 

## 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 ended 31 December 2021. 

## 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 

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. 

This report was approved by the Board on 30 July 2022 and signed on its behalf. 


**----- Start of picture text -----**<br>
a<br>**----- End of picture text -----**<br>


SP Milner Chairman 



## Independent Examiner’s Report 

| have examined the books, records and vouchers of the Lincolnshire Vintage Vehicle Society Ltd for the year ended 31 December 2020 and from the information and explanations given to me certify that these accounts are in accordance therewith and represent a true and fair view of the sate o affairs of the Society,at that date. 

Nigel Rhodes AGB; Independent Examiner 

7 August 2022 



## Lincolnshire Vintage Vehicle Society Ltd Income and Expenditure Year End 31 December 2021 

|INCOME|2021|2020|
|---|---|---|
||£|£|
|Subscriptions|5,119.00|4,493.00|
|Donations|5,946.46|2,003.79|
|Museum Support|7,485.38|8,568.70|
|Museum Admission|2,503.47|364.00|
|Vehicle Hire|1,100.00|350.00|
|Events Income over expenditure|0.00|0.00|
|Asset realistation|0.00|735.40|
|Sundry Income|0.00|0.00|
|Catering income overexpenditure|393.55|377.53|
|Bank Interest|1,476.66|2,534.66|
|Gift Aid|0.00|5,041.48|
|Covid 19 Grant|44,749.71|6,000.00|
|Bond Maturity|100.00||
||68,874.23|30,468.56|
|EXPENSES|||
|Con-Rod|1,957.00|2,357.00|
|Publicity|0.00|255.00|
|Premises, services, repairs|7,898.41|4,322.37|
|Admission card costs|73.26|0.54|
|Vehicle Repairs & Maintenance|610.53|9,311.37|
|Contract fees paid to attendants|945.00|0.00|
|Legal expenses|0.00|35.00|
|Depreciation|228.00|254.00|
|General and administrative expenses|4,857.38|1,256.81|
|Direct purchases by catering account|3,136.43|200.27|
|Insurance|7,143.27|7,424.20|
||26,849.28|25,416.56|
|Incomelessexpenditure|42,024.95|5,052.00|





## Lincolnshire Vintage Vehicle Society Ltd Balance Sheet 

## Year End 31 December 2021 

|||2021|2020|
|---|---|---|---|
|||£|£|
|FIXED ASSETS||||
|Tangible Assets|2|1,234,754|1,234,982|
|CURRENT ASSETS||||
|Stocks||1,887|1,887|
|Cash at bank|3|341,474|299,222|
|||343,361|301,109|
|creditors||-350|-350|
|Net current assets||343,011|300,759|
|NETASSETS||1,577,765|1,535,741|





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 assets over their estimated useful lives. 

## Plant 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 them. 

## Stocks 

Stock is vauled at the lower cost and net realisable value. 

## 2. Tangible Fixed Assets 

|2. Tangible Fixed Assets|||||
|---|---|---|---|---|
||Land and|Plantand|Motor|Total|
||buildings|machinery — vehicles|||
||£|£|£|£|
|Valuation as at 31 December 2020|875,000|2,282|357,700|1,234,982|
|Depreciation charge fortheyear||-228||-228|
|Valuationasat31December2020|875,000|2,054|357,700|1,234,754|



|3.<br>Cash at Bank||
|---|---|
|Natwest Acct 1|670.13|
|Natwest Acct 2|20,093.68|
|Barclays|41,145.01|
|Virgin|35,543.89|
|Nationwide Instant|3.95|
|Nationwide 95 days|85,556.90|
|Shawbrook|56,348.42|
|CCLA|4.04|
|Cambridge|85,807.50|
|Catering|16,301.34|
||341,474.86|