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2023-03-31-accounts

Reports, Accounts & Agenda Year Ending 31[st] March 2023 for Workington Transport Heritage Trust Annual General Meeting to be held at The Railway Club, Workington, on Thu 7[th] Sep 2023 at 7.00pm

Our ex Cumberland Mk 2 National KHH 378W was resurrected back into service after being stored for over 10 years with a major oil leak

1

Agenda for WTHT AGM

Thursday 7[th] September 2023 at 7pm at the Railway Club, Falcon Street, Workington

  1. Apologies for absence

  2. To adopt the minutes of the 19th AGM of 1[st] Sep 2022

  3. Chairman's Report

  4. Secretary's Report

  5. Treasurer's Report and Accounts to 31st March 2023

  6. Reports of other Officers

  7. Election of Council of Management (directors)

  8. Consider an increase of subscriptions for 2024/25

8. Any other business

In accordance with the Articles of Association, nominations for the election of Council members (directors) should be received by the Secretary by 17th August 2023, along with names & signatures of proposer & seconder.

Any resolution for alteration of the Articles must also be received in writing by the Secretary by 17[th] August for it to be considered at this meeting.

Workington Transport Heritage Trust is a Company Limited by Guarantee. It is registered in England & Wales as Company Number 04767337 Registered charity number 1102725

VAT Registration number 301 3813 53

Registered Address: 22 Calva Rd, Seaton, Workington, Cumbria CA14 1DF

2

Directors

Our current 8 directors, in alphabetical surname order, are:

Jim Osborn resigned as a director at the last AGM, but continues as Membership Secretary.

In line with WTHT Articles, all directors serve for three years. Each year one third of the directors should retire in rotation. At this AGM, the directors to stand down will be J Burrow, I Dunn, & B Pritchard.

All are offering themselves for re-election.

In 2019, A Grey & J Osborn stood down and were re-elected.

In 2020, J Burrow, I Dunn & B Pritchard stood down & were re-elected. In 2021, N Dickinson, S Marley, M Morton, and D Woodruff. In 2022, A Grey was re-elected & J Osborn stood down.

In 2024, N Dickinson, S Marley, M Morton, and D Woodruff are due.

Treasurer Non-director Denise Grey.

Membership Secretary Non-director Jim Osborn.

3

Chairman’s Report

Another year has passed since my last AGM report and where does time go?

It’s been another busy and successful year at the Trust. We held another great annual event on the harbourside at Whitehaven. We, as a group pulled out all the stops, managed to get virtually all our preserved buses on display and doing shuttles over the weekend, which was quite an achievement considering if the idea had been suggested before Christmas 2022, it would have seemed like an impossible task. Feedback from the exhibitors and public has been nothing but positive, building solid foundations for a repeat event in May 2024.

Our dedicated team of volunteers remains strong and committed to continuing with our aims of preservation. Dave and his band of merry people have made a sterling achievement over the first part of the year repainting and tidying up the fleet ready for the show season to begin.

Behind the scenes Alistair and Denise, and myself in some respects have continued to keep everything on track, something which gets overlooked and taken for granted. Without the support of the Greys, we would struggle to manage the Trust effectively, without a dedicated plan or budget for the year and keeping the finances in check.

In terms of our operating licence, it continues to generate the funds we require to keep the Trust moving forward. Without this income stream, the Trust would struggle to survive in its current form. While we do focus on the operating side of the trust, it should be noted that this is what helps us achieve all our fantastic goals in getting and keeping our fleet of preserved vehicles on the road.

A personal thank you to all our members and volunteers for giving up their spare time to help the Trust continue with our aims. Without this solid base of volunteers dedicating time to the cause, we wouldn’t or couldn’t achieve what we have over the last 12 months.

A selection of Trust and visiting buses await the call to the LN51 bus rally

4

Secretary’s Report

Workington Transport Heritage Trust

(A Company Limited by Guarantee)

Financial Statements

Report of the Management Committee for the year ended 31[st] March 2023

Reference and Administrative Information

Charity Name: Workington Transport Heritage Trust
Charity Registration Number: 1102725
Company Registration No: 04767337
Registered Office: 22 Calva Road, Seaton,
Workington, Cumbria, CA14 1DF
Site Addresses:
Unit 23, Joseph Noble Rd
Pottery Field Workshop
Lillyhall Lowther Road
Workington Clay Flatts
CA14 4JX Workington CA14 2TG
Sales Outlet Room at Workington Railway Station
Station Road, Workington, CA14 2XE
Management Committee at 31st March 2023: Management Committee at 31st March 2023:
Ian Dunn Chairman
Mike Morton Vice Chairman
Alistair Grey Secretary
Neil Dickinson Health & Safety
Brian Pritchard Auditor
John Burrow Pottery Field Manager
Derek Woodruff Historian
Sandra Edmondson Fundraising

Bankers: Cumberland Building Society 19-21 Pow Street, Workington, CA14 3AG Solicitors: Paisley & Co, 31 Jane Street, Workington, CA14 3BN

Accountants: Quills, Rear of 54A Main Street, Cockermouth CA13 9LU

5

Aims and Objectives

Purposes and Aims

The charity’s purposes as set out in the objects contained in the company’s Memorandum of Association are the advancement of the public interest by the preservation and display of railway locomotives, railway vehicles, buses, coaches and transport items of all kinds and age of technical or historic interest (both operational and static display) and of related rolling stock, buildings, track, machinery, equipment, memorabilia and archive material in Cumbria and elsewhere.

Ensuring our work delivers our aims

We monitor our aims, objectives and activities each year.

This review looks at what we have achieved in the past 12 months, how that relates to our aims and objectives, and how we aim to develop next year.

We have referred to the Charity Commission’s general guidance on public benefit when reviewing our aims & objectives and in planning future activities.

The focus of our work

Our main objectives continue to be education and interpretation to the public of the transport and related industrial history of the local and wider area around Workington and West Cumbria.

The strategies we used to meet these objectives included:

6

Coronavirus statement

2022 was a year of recovery from the restrictions of previous years. The day trip programme was extended to something resembling normal. Events and rallies were resumed, and we were able to attend a good number of them.

The shop at Workington railway station was open, though was affected by disruption to rail services from a number of causes.

Rail replacement work was boosted due to rail staff availability issues and a major derailment which closed lines near Carlisle for several weeks.

How our activities deliver public benefit

Who used and benefitted from our services

As an educationally based charity, our focus is on attracting visitors to view and interact with our vehicles, displays and other attractions.

We made the most of improved opportunities to take our vehicles out for the public to experience, as the country opened up after covid.

Trips and outreach activities

Our vehicles were out and about on a variety of occasions:

Volunteer development

We continue to invest time and effort in developing the skills of our volunteers. Safety briefs are held regularly to keep volunteers updated on safety matters.

Existing drivers continue to have their professional training kept up to date with periodic courses towards their Certificates of Professional Competence.

Website, social media and publicity

Our website is used to keep the public updated, and also provides pages of historical educational information.

Our Facebook pages have over 1,000 followers and continue to play an important part in reaching out to our supporters.

We have had a number of articles in the local and wider media, and have continued with our publicity in the trade and enthusiast press.

7

Work with other groups

We are members of:

Additionally, we work with Barrow Transport Museum Trust, Carlisle Bus Group, and local schools & churches.

Environmental

We try to be responsible in our operations as outlined in our Environmental policy which is aimed at minimizing our detrimental impact on the planet.

We continue to use an online tool provided by Cumbria Action For Sustainability to estimate our carbon footprint. This takes into account our vehicle emissions, parts, service & repairs, plus an estimate for consumption of electricity, internet, phone, stationery and other consumables.

With our increased level of activity, this gave an estimated CO2e footprint of 62 tonnes, compared with last year’s 54.

Our chosen charity for tree planting continues to be Buy Land Plant Trees which has land locally near Bassenthwaite and Loweswater. A donation of £600 was calculated to offset this year’s emissions over the next 5 years by the planting of tree saplings and restoration of wild habitats.

Health and Safety

Our lead and assistant H&S Officers continue to audit our premises, and provide guidance to keep us working safely.

Friends of Workington and Whitehaven Railway Stations

The Trust runs two sub-groups, one for each station. These involve our volunteers working in Workington station shop and in conjunction with train crew to improve the appearance of both stations with the provision and maintenance of flower displays, signage, and other work.

Income to cover this work comes as grants from Northern Trains, Community Rail Network and Workington Town Council.

In July we were involved with the unveiling of the Bessemer heritage sculpture at Workington, celebrating the town’s steel industry.

8

Premises

Having given up on the erection of a portal frame building at our Lillyhall premises due to increased costs imposed by compliance with building regulations, we are now looking into a temporary structure which will not be so severely regulated.

Our leased Pottery Field site continues to provide undercover storage of some Trust and guest vehicles.

Other vehicles are kept under cover at a site in Silloth.

Our Collection

Low floor accessible service bus A5 XTJ had been added to the Operator Licence fleet at the start of the year, and became the preferred vehicle for local rail replacement work.

The last of a once large fleet of Volvo B10 service buses in use with Stagecoach in Cumbria, K710 DAO, was acquired during the year. They had spent lots of time and money renovating the body, but a poorly engine meant it was ultimately up for disposal. We sourced and fitted a replacement engine.

Efforts were made in early 2023 to get as many heritage vehicles as possible ready for our bank holiday weekend LN52 bus rally at Whitehaven in April. This involved significant expenditure on renovations, repairs, repaints and inspections. We were fortunate enough to be able to call on the expertise of outside contractors experienced in our types of vehicle.

At the end of the year, we had:

We have worked to improve the storage, recording and presentation of our collections of paper archives, mementoes and memorabilia. These have been moved into their own humidity controlled room at Pottery Field.

9

Financial Review

Budgets are prepared annually. These are updated and monitored monthly by the management committee.

The opportunity to organize fund-raising events has increased as the world returns to normal, with our sales stand being taken to a number of events.

Our Operator Licence has continued to perform well due to ongoing disruption on the railways, helping us to add to our existing surplus which will go towards the development of the Lillyhall site.

Coach trips have proved popular, and have contributed to funds along with a number of private hires.

As mentioned earlier, this has allowed us to invest heavily in bringing our heritage vehicles up to a better standard.

Despite this investment, the year’s activities generated an adjusted surplus of over £56,000 from an income of £212,000. Further investment in our fleet has been allowed for into 2023/24.

Principal Funding Sources

10

Investment Policy

Sufficient funds for 2 month’s expenses are kept in our current account. Anything above this is kept in a higher interest savings account.

The trustees will consider investing any funds accumulating for future plans in commercial investment funds whenever this becomes appropriate.

All our funds are currently held in the Cumberland Building Society. Whilst the total funds held are above the Financial Services Compensation Scheme limit of £85,000, the trustees are mindful that the Cumberland is highly ethically rated, and its financial model is not as risky as some banks.

However, the choice to transfer some funds to other institutions is kept under review.

Reserves Policy

The Trust continues to build reserves towards anticipated expenses connected with erecting a “cover” of some description to protect vehicles at Lillyhall from the worst of the weather.

The year-end reserves of £146,000 amount to 10 months of expenses, based on this year’s spending.

With 3 operator discs in use, the Operator Licence dictates that we hold free reserves of at least £16,900.

Implementation of previous plans

Future Plans

11

S tructure, Governance and Management

Governing Document

The Trust is a charitable company limited by guarantee, incorporated on 16[th] May 2003 and registered as a charity on 19[th] March 2004. The Company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and Appointment of Management Committee

The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association, the members of the Management Committee are elected to serve for a period of 3 years after which they must stand down, but may offer themselves for re-election. All members of the Management Committee give their time voluntarily and received no benefits from the charity.

Trustee Induction and Training

Our Trustee Vetting Policy asks that potential trustees are already familiar with the work of the charity before being appointed. Additionally, formal and informal training sessions are carried out as required to ensure that all trustees are familiar with aspects of running the charity, including:

Risk Management

Risk assessments for individual activities are carried out as required.

The Management Committee has agreed to undertake a review of the major risks to which it may potentially be exposed. A risk register will be established, to be reviewed and updated annually.

Where appropriate, procedures will be established to minimize risks.

Policies and procedures are in place to ensure the health and safety of trustees, volunteers and visitors engaging with the charity. These were reviewed in February 2022, the next review being due in February 2024.

Future risks being monitored include:

12

Organisational Structure

The Management Committee meets monthly and is responsible for the strategic direction and policy of the charity.

At the end of the year the Committee had 8 members drawn from a variety of backgrounds relevant to the work of the charity.

The Secretary is also a director with voting rights.

Directors have specific responsibilities, with other responsibilities being devolved to other active volunteers.

All those in the charity are volunteers. No-one is paid any remuneration.

Related Parties

The charity is not part of any bigger group. It is an independent organisation. However it is a member of other bodies as shown in “How our activities deliver public benefit” on page 8.

Responsibilities of the Management Committee

To help with the above, the budget is updated for review at each monthly Management Committee meeting.

Individual directors’ responsibilities are shown on page 3.

Reporting of serious Incidents

There have been no incidents to report.

Auditors

Our internal auditor is trustee Brian Pritchard.

Our external Independent Examiner is John Belford of Quills, 54A Main Street, Cockermouth, CA13 9LU.

This report has been prepared in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities (issued in January 2019) and in accordance with the special provisions of the Companies Act relating to small entities.

Alistair Grey, Secretary

13

’ - Treasurer s Report for April 2022 March 2023

I have been aware of increasing expenses and fewer receipts over the last year and the trend is continuing into the current year.

I know that having older vehicles leads to more repairs having to be done, but if we want to erect a covered space for all our vehicles, we have to be realise that this is going to be costly. Unfortunately, the longer this is delayed the higher the price is going to be. as we all know everything is becoming more expensive day by day.

The last statement for this year on the current account echoes my concerns.

Money in:- £4985.00 Money out:- £8618.25

With expenses increasing, I feel worried that money will have to be taken from the savings account to be put into the current account to cover costs.

Just for the record £10,000 has already been transferred into the current account in May 2023.

I would like to be informed in advance of any planned high expenditure.

Denise J Grey, Treasurer

Flying Buses??

Barrow 20 returns home on a low loader. 710 in the air for inspection.

Having removed all the spares we needed, coach N214 HWX is taken to meet its maker.

14

Volunteer Coordinator’s Report

As the Trust’s Volunteer Coordinator, I like to think that I treat each and every volunteer with respect. Each hour of any volunteer’s time is appreciated, as they make the Trust what it is today. Over the last 12 months some of our active volunteers have gained new skills, remember that shy Ginger Nut who came to the fire station volunteer nights cos he liked buses? Cameron Bragg has not only gained his professional coach driving licence, but has also started a job working for Northern Trains.

When the volunteers took on the task of restoring both the Exhibition Bus & National 378 to a high standard, it was a team effort. Jon Duffy, who came to the station shop to do some volunteering as he was just drifting along in life, was keen to show his hand with the paintbrush. Once he had been guided to show him how to apply paint to a bus he became a capable painter, full of confidence, even applying the top coat of gloss along with others in the painting team.

Mark Hall stepped up from painting 00 gauge model locomotives and along with his friend Bronwyn both became capable bus painters. Keith Hewitt relived his time as a coach builder, so between these volunteers the two buses were presented to the public at LN51 in top condition.

One day which sticks out in my mind was the Sunday at Pottery Field when the big bus shunt took place. WTHT volunteers and owners of the privately owned vehicles all pulled together, shunting various vehicles to where they needed to be. Time flew by, Neil Dickinson commenting “Is that the time, I have not had a coffee yet”. When time flies by, we know we are enjoying ourselves, which is what it is all about.

Occasionally, there are instances where there is a fly in the ointment, where volunteers become a distraction rather than a help, but I always believe that they are doing their best. Not every volunteer has the same skills or ability to undertake everything, but if I can see genuine desire to volunteer for the Trust then each of them will be helped, guided & supported.

One thing I am passionate about is the fact that we all represent what’s good about WTHT, when we put on the Trusts fleece, polo shirt or woolly hat. If it’s got our logo on it then we should be proud to wear it. Volunteers are the heartbeat & soul of the Trust. Treat each other with respect and you will receive all the help & guidance you need to enable your time as volunteers of the WTHT to be as enjoyable and fulfilling as you wish it to be.

15

Unaudited Income & Expenditure to 31 March 2023

INCOME
2022/23
2021/22
Membership
761
705
Donations
6,796
7,365
Shop & sales stand 8,538
7,848
Station tuck shops
1,093
1,630
59 Club
546
572
Operator Licence
152,887
84,494
Vehicle rents
5,395
5,383
VAT reclaimed
19,014
12,374
Events & rallies
2,225
0
Friends of rail stations 0
550
Raffles & lottery
737
1,689
Grants
2,300
5,167
Gift Aid
1,906
1,222
Bank interest
1,762
448
Misc
7,944
1,655
211,904
131,102
EXPENDITURE
Newsletters, publicity 4,455
1,014
Shop & sales stand 6,244
3,696
59 Club
336
374
Operator licence
81,645
101,658
Non O Lic veh costs 40,422
7,372
Buildings costs
16,736
23,519
Friends of rail stns
332
186
Raffles & quizzes
20
294
Volunteer expenses 5,076
2,858
Card reader comm. 429
304
Misc
10,510
1,193
166,203
142,468		 2020/21
779
4,180
1,682
1,150
684
52,749
5,072
6,502
0
600
49
11,807
1,760
1,307
1,392
89,713
980
1289
388
26969
14593
26043
363
40
1783
0
1058
73,506
Excess income over expenditure =
Add Opening Balance
Total
Less opening uncleared cheques
Add cancelled & uncashed cheques
Add closing uncleared cheques
Accounts balance at 31stMarch		 45,701
99,751
145,452
470
1,069
285
146,337

16

Balance Sheet At 31 March 2023

ACCOUNT BALANCES
Cumberland BS Current a/c
Cumberland BS Savings a/c
Petty Cash		 Opening
45,072
54,493
186
**99,751 **		 Closing
24,895
121,256
186
146,337
CUMBERLAND BUILDING SOCIETY CURRENT ACCOUNT CURRENT ACCOUNT
Opening balance
 45,072
Add income
 210,142
Add transfers in from savings account 0
255,214
Less transfers out to savings account 65,000
Less Square card reader commission 429
Less other expenses
 165,775
24,010
Less opening uncleared cheques 469
Add uncashed, cancelled, underpaid chqs
1069
Add closing uncleared cheques 285
24,895

CUMBERLAND BUILDING SOCIETY SAVINGS ACCOUNT

Opening balance 54,493 Add transfers in 65,000 Add interest paid 1,763 Final balance 121,256 PETTY CASH Opening balance 186 Add transfers in 0 Less total payments 0 Final balance 186

Notes to WTHT accounts 2022/23

Final account shows a surplus of
Less prepaid trips and hires
Less “59 Club” prepayments
Add January – March VAT repayment due in arrears
Add Gift Aid due for 2022/23
Add sales stock valuation
Add Arriva Jan & March invoices due
Revised surplus		 45,701
3,351
76
42,274
4,336
1,741
2,400
5,787
£56,538

17

Minutes of the 19th AGM on 1[st] Sept 2022

Present: 5 directors and 10 members These make a quorum, totalling more than the required 10% of our total membership of 70.

1. Apologies for absence

Five apologies received.

2. Approval of the minutes from the 2021 AGM

Proposed as true & correct by Alistair Grey & seconded by Mike Morton.

3. Chairman’s report

Chairman, Ian Dunn, briefly outlined his report which was printed in full in the available booklet. He emphasised the importance of continued volunteer input, from whatever angle, praised the efforts of Mike Morton in arranging the LN50 event , but stated that without all the volunteers efforts in the trust the WTHT would not be where it is today.

4. Secretary’s report

Alistair Grey went through his report, supplied in full in the AGM booklet, & whilst admitting that it is long winded the contents state out policies in regard to “Purpose & Aim”, “Development of both Volunteers & our vehicles”, Environment & Carbon Footprint” & “Past, Present & Future”.

As a registered charity, the Trust could be audited by Companies House, so his report would show that the WTHT is continuing to comply with its aims in a safe, correct & professional manner.

5. Treasurer’s report

In the absence of the trust treasurer, Secretary Alistair Grey went through the financial reports that were presented to the meeting.

The trust has cash invested in both a Current Account & a Savings Account, & exact amounts in each of these accounts vary with funds moved between one & another by the Treasurer as & when needed. The accounts show a “Loss” of £11,000 in the last year, but there had been investments in newer vehicles for the O Licence which were paying dividends on a nearly daily basis. To emphasise this, he pointed out that at the end of March 2022 the trust had £99,000 in the bank & by the date of the AGM 2022 it had risen to £130.000.

18

6. Reports of other officers

As some attendees had arrived at the meeting without their reading glasses, Volunteer Coordinator David Wallace read through his printed report. Thanking both Trips Manager Ian Dunn & Secretary Alistair Grey for their continued dedication to the cause, he specifically singled out the trust’s Treasurer for special mention. He stated that the trust could never function as it does without the vast hours of largely unseen work that Denise Grey does. The meeting, without exception, agreed with his comments.

7. Election of Council Members

In line with the Articles of Association, Directors Jim Osborn & Alistair Grey stood down with Alistair Grey putting himself forward for re-election. This was proposed by Phil Tuer & seconded by Callum Crayston. The meeting voted unanimously to elect Alistair Grey to the board.

Alistair Grey said that he would inform Companies House that Jim Osborn was no longer a Director & also advise them of the change in surname of the former Sandra Marley, who is now known as Sandra Edmondson due to her recent marriage.

8. Any Other Business

Callum Crayston thanked all at the trust for the help given to him over the past year, stating how proud he was to have been part of the LN50 event.

Phil Tuer asked if the trust had an up to date asset valuation. Alistair Grey found the most recent from his paperwork which showed assets totalling £62,000. He will include a copy with the minutes of the AGM. Phil Tuer went on to ask if this value was reflected in the trust’s insurance arrangements. Brian Pritchard stated that if in the event of an unexpected event which resulted in the loss of a vehicle/ vehicles, most of the assets were irreplaceable so no amount of financial compensation could replace a lost vehicle. Phil Tuer said that any irreplaceable items at the Cumbria Railways Association were not insured for that exact reason.

9. Dates of future meetings

Those gathered were impressed with the Railway Club as a venue for future meetings, with alternate meetings open to volunteers and members.

Attendees then enjoyed a tasty buffet to celebrate another successful year.

Minutes prepared by David Wallace.

. © WTHT 1[st] July 2023 .

19

Cameron Bragg passed his PCV test in October. Floral display at rail station.

We provided a “stage” for the puppet display at Christmas lights switch-on.

We were out in force at Distington vintage vehicle rally in July.

20

Workington Transport Heritage Trust

Company limited by guarantee, number 04767337, reg charity 1102725

Audited Income and Expenditure Account For the year to 31st March 2023

INCOME £
Membership 761.00
Donations 6,795.79
Station shop & sales stand 8,537.82
Stn mess room tuck shop 1,093.08
59 Club 546.00
Operator licence rail rep & hires 130,993.50
Operator licence day trips 21,894.00
Vehicle rents 5,395.00
VAT reclaimed 19,013.61
Events and rallies 2,225.00
Friends of rail stations 0.00
Raffles & Allerdale Lottery 737.00
Grants & loans received 2,300.00 Square
Gift aid 1,905.58 39.14
Bank interest 1,762.58 21.43
Misc 7,944.43 15.57
211,904.39 11.38
101.06
EXPENDITURE 46.34
Publicity, web, stationery, etc 4,454.69 44.70
Station shop & sales stand 6,243.64 26.27
59 Club 335.75 4.05
Operator licence vehicles, insurance, etc 42,382.52 24.73
O Licence fuel 39,262.84 51.57
Vehicle costs - non O Licence 40,422.47 42.68
Building & site costs - Pottery Field 3,490.20
Building & site costs - Lillyhall 13,245.49 428.92
Friends of rail stations 332.08
Raffles 20.00
Volunteer training & other expenses 5,075.62
Square card reader commission 428.92
Misc 10,509.52
166,203.74
Excess of income over expenditure 45,700.65
Add opening account balance 99,751.57
Sub-total 145,452.22
Less opening uncleared cheques 1041 (200.00), 1051 (269.51) 469.51
Add cheques 1120 (£9) & 1199 (£202.82) not cashed 211.82
Add underpaid cheques 1180 (£6.55) & 1188 (£0.80) 7.35
Add cancelled cheque 1233 (£850.00) 850.00
Add closing uncleared cheques 1239 (£262.50), 1240 (£22.50) 285.00
Closing bank balance at 31st March 2023 146,336.88

Workington Transport Heritage Trust

Company limited by guarantee, number 04767337, reg charity 1102725

Audited Balance Sheet at 31st March Audited Balance Sheet at 31st March 2023
Opened at Closed at
Cumberland Building Society current account 45,072.40 24,895.13
Cumberland Building Society savings account 54,493.53 121,256.11
Petty Cash 185.64 185.64
99,751.57 146,336.88
Current account
Opening balance 45,072.40
Add income 210,141.81
Add transfers in from savings account 0.00
210,141.81
Less transfers out to savings account 65,000.00
Less Square commission 428.92
Less other expenses 165,774.82
Balance 24,010.47
Less opening uncleared cheques 1041 (200.00), 1051 (269.51) 469.51
Add cheques 1120 (£9) & 1199 (£202.82) not cashed 211.82
Add underpaid cheques 1180 (£6.55) & 1188 (£0.80) 7.35
Add cancelled cheque 1233 (£850.00) 850.00
Add closing uncleared cheques 1239 (£262.50), 1240 (£22.50) 285.00
24,895.13
Savings Account
Opening balance 54,493.53
Add transfers in from current account 65,000.00
Add interest 1,762.58
Final balance 121,256.11
Petty Cash Account
Opening balance 185.64
Add transfers from Treasurer's Account 0.00
Minus total payments 0.00
Final balance 185.64

For the year ended 31st March 2023, the company was entitled to exemption under section 249A(1) of the Companies Act 1985. No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 249B(2). The directors acknowledge their responsibility for:

i) Ensuring the company keeps accounting records which comply with section 221

23rd November 2023

Notes to audited WTHT accounts 2022/23

Final account shows a surplus of
Less 178 trips and hires (£325) prebooked
Less "59 Club" advance payments
Add January - March VAT repayment due in arrears
Add Gift Aid due for 2022/23
Add sales stock
Add Arriva Jan (£2,853) & March (£2,935) invoices due
Revised effective surplus =		 45,700
3,351
76
42,273
4,336
1,741
2,400
5,788
£56,538

We the undersigned, having access to all books invoices, bills, etc, agree that in our opinion the above statement is a true and fair record of assets and liabilities of the Trust.

Compiled by Treasurer Denise J Grey

Checked by Auditor Verified by Chairman Brian Pritchard Ian Dunn

23rd November 2023

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Workington Transport Heritage Trust On accounts for the y••r ended 31 Maro 2023 Charfty no Ilf any) 1102725 S•t out on page• I report to the trustees on my examination of the accounts of the al)ove charity (Ihe Trusf) for the year ended Re$pon8lbllltl•8 and ba$ls of roport As the charity's trustees. y￿j are responsible ft>r the preparats'on of the acc4)unts in acurdanca wrth the requirements of the Charities Act 2011 {Ihe Acl.). I report in ￿SpeCt of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in Carrying out my examination. I have followed all the applicable Directions given by the Charity Commi• under section 145{5)(b} of the Act. Independent trhe chanty's gross incorrva exceeded £250.000 arKI l am qualffied to examlner's statement undertake the examination by being a qualtfied membef of [insert name of applicable listed body]]. D8lete I l rfnot applicable. I have completed my examination. I confim that no material matters have corw to my attention in connection wrth the examination (other than that disdosed bd¢yw ") which gives me cau8e to beliebe that in, any material respe¢t.' the accounting r￿x)rdS were not kept in accordance wrth section 130 of the Chartties Ad; or the ac¢ounts did not a¢oYd with th8 accounting records," or the accounts did not comply wth the applicable reqU1￿MentS conceming the fomi and content of accounts set out in the Charities (Accounts and ￿e￿)rts} Regulalyons 2008 other than any requirement that the accounts give a 'true and fairf Mew which is not a matter considered as part of an independent examinth"on. I have no concems and have come xross no other matters in connection wtth the examination to which attention should t drawn in Ihis report in order lo enable a proper understsnding of the accounts lo be reached. ' Please delete the in Ihe brntets rfthey do not apply. Slgned: li Name: &￿ilLs a k Cu( d( Relevant professional quallfi¢atlon($} or body IER Oct 2018

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Ilf any): Section B Disclosure Only complete Il the examiner D.eeds to highlight matenal mattels of concern (see CC32. Independent examin&'on of ch8nty accounts.. directions and guidance for examinefs). Glve horn brlef detalls of any Items thattho examiner wlshm to dlsclose. IER Oct 2018