NORTH EAS[ BUS PRESERVATIIJN TRUSf LtMtrED REPORT AND FINANCtAL sfATEMEi¥rs YEAR ENDED 31ST DECEMBER 2022 COMPANY REGISTRATION NO. 04961248 OIARtVY NUMBER 1103051
NORTH EAST BUS PRESERVATION TRusf Umtw FINANCIAL ATEmENTs YEAR ENE)W 315r DECEMBER 2022 RÈfetÈnce Attmini5trabve Infh ftu#ees Annuil Repyt dwn¢¢nt Examin5 Rewyt Balan Yeet NotesfcrniThJ Part oltk firwntsal statLY 12
NORTH EAST BUS PRÈSERVAT]ON TRij5fuMTTI REErIcE AND ADMINlSfRATtVE INFORMATtON YEAR ENDED 31sr DECEMEER 2D22 TnETnLStLY5 WP5Qllt thr rerM)rt aftd finaTKial st&omlS Tthe year tyiOts131St tkYuth202L cor•sTITUTION North East BUS PrÈServ4tWJl TrL& is a c(xNhiny Hrrknl b¥gUntee arK a reg5t(Y1 thanty. DIREcfoRS AND TRiisfEES The Trustoes rfthe chantsble ccffipany lthe thirityl arc 15Twths (rfdwy LiwaThl tl¥twhwtthi5 fEWXt are c1¢1¥ referred ta as tr Ttua<% CHARifY NAME North East Bus Preserwdbon Tr[& COMPANYNUMBER 41248 CHARXIY NUMBER I103051 REGISTERED OMCE knbum SUndernd SR6 8eS BOARD OFTRUSTEES Trcr Phillp Logie lan derson AreW Man Dawd GaMbS chird Sliter Peter En..ott- Chairrnan kobÈrt KCII Caroline Ellirtt Tho followifo Ttu#ee5 6re aLwJ Lyr15 rrfthe Tre¢Or Hin Phllip We Ian A(50 An¢rcw Don peiLY tyINJit. Chairrn COMPANY SECFfEfARY rrevor Hin ACCOIINTANTS Wcrtwators 34 FrJerIck sirLi 5Ri ILP BANKERS Lloyd5 am
NORIII WT BUS PRESERVATION TRUSf UMrtED IRu¥fEES REPORT YEAR ENDED 315r DECEMBER 2022 The Trustees are pleased to prffent thr rewt trNJether wrth finarla1 statements of the ctsrtty fly the year ended 31st t)ecember 2022. Objects ofthe drity The objects of the thaity are Set out in the marthandum and adeS of aKIa". Organisation and back9round The tharity is administered by its board of Trustees in aCCx>rdan wtth the Article5 of Assx]at¥)n. For the year to 31st December 2022, the tx>ard was (x)mpri5ed of the Tru5tee5 listed at page 2. The Trustees meet monthty on the the secofKI Tueglay of every rnonth. and attend irKI(y winter rneetyngs or ou[dr summer trips on the fourth Tvexlay d every month. The S(Iety wa5 formed in 1980 to e[(MJrage Ihe preserVatK aw¥J ¢Ji5phy of publK tranSrt Vehe5 fr(Th the North East of England wtth Charilab siatus tr£ing gained in 23. Running Aims We Intend to continue wth our prTrjrdM of Heritage and Muum work and wll alg) atinue to attend and support a riumber of cuttvral events. In past these have Iuded Heritage Open Day5, L(K31 Historical Societi, Char.e5 and LI1 Cornmunity Fairs. We intend to expand on this over the coming years. pmISeS Aims As has been the case for sMe years now we <rJntTrnue to search for our premises to enab us to Store, rnaintain Llisploy our vehrles in e building. We maintrin rhe of £50,000 In a separate fund slfi(l dgnated foy this purpxJ5e a SUrtsb oppxjrtunity arise. In the rtwntime the premises we ujrrently cKcupy has tten wnrficantty ethnced In rent times and this has Lten pplemented by the use of hospitslity vehKk RO35ter RM2530 for wgtCKS. Future Oevelopmerts There are a nutnber of vehide5 that are being repainted and mechanically impioved and the team who undertake thi5 work will continue in their erKJeavour5. In addOn we will tonbnue to foster dose link5 with organisations gmilar to OLir own and to assist and share technKal and (ther knowkdge with these organisation5. 7he rerrK)val of CovKJ-19 related re51¥iciKKS has enab us to On aga Organi ralli25 at whith we afe ab to dplaY vehides and edtscate the general pul with regard to the Work t do.
I)RTH EA¥f ws PRESERVATION TRu¥f UMftED TRUSTEES REPORT YEAR ENDED 315r DMBER 2022 Personal Ststement of Chaimian Peter Elliott EVErS 2022: 'A year of Austeriyll Belts tsghtened to k75t tK)tihll" Our programme of Rallies and Events re¢oM[nend in 2022 thich hdped wih our outgoinys and ever-increasing costs. Tru51 fund5 have become severely depleted due to a lad( of incotne Ixused by the pandemic. lch caused the cancellation of a mulbtu(le of events Duriro this rEri(Kl we fecei¥ed very li(Ue finanaal SUPFJOrt. whilst our outgoings and commitment5 rernained muth the same. Our Events were able to ie(x)Mrnen after long discUonS the subrnis5ion of a lol of a¢Jdit*onal papeTWOtk to Ihe Events Departments of the various Local Auth(Mrties wthin our region This Induded heightened Health and Safety wuirements due to Cov5d and profe&%ional Risk Assessments that required an extensive input of training to gain the nece55ary qualifications iyi these addth.onal requirements went on quietty aThJ %Mth a55iduity h1nd the nes. Remarkabty we managed to organise %x rallie5 in total durirwj the year whkth proved to be our yet f events, these tEing:_ metr0ntre.' Dutham". Bishop Aud(land.. Be8mish". Whiyey Bay." and Se8bum. REStOFiATIONS: SLJnderland Crossley 1(X)- is nearing completion al Gardiners Coach Builders ihanks to the supwrt ol the Nats'onal Lottery Heritage Fund. Gypsy Queen Bedford- is also nearing cornplebon after recein9 diffiixstt to resource part5 and a large amount of TLC. Guy 139- ha5 had twke sreering LK)X tEarings and seal. thus faaliating sa#Y item the steering tM)%. It has also had new rear suspension. shock abs(fv. spnng5, shathe pins and bushes. plus Epair work to the cab and olslf wing area. Atlantean 218- was cornpleled just in b.me ts Ihe lale Queen's PLqb"num Jut4lee Additional work indudes an exhau# system manufactured by TG silenr5.. a clyn3nY rec(mrTEnded by MatKhester Museum of Tran5POrt. It has rn¥ featured in natitsnal rnagaZI and on l(Trl teknw aTrJ been very well receival by general public. We Continue our never-ending seatth for 5Uitabie premises for [naintenan. Stora and displawng of our laarge ffeet of buses. Finally, 12m pleased to report that we 5bll have the continued suprrf)rt of our loyal members. which is greatly appreaated and I wwld like to thank every( for their Valuab tmc, assslan and efft)rt in maintsining the Trust.
TRu¥fEES REK4)RT YEAR ENDEO 315r DE(EMBER 2022 Trn5tee5 Rtsponsibilitie5 Company law ruireS ttE TfiJst5 ID ryepare fir0r101 siètawnt5 that gwe a tn ond tsif of thÈ state" of affairs of the chadty ar the end rf the fitrThi year arxl (rf its svipjus ty defiot I( that ptithj. In preparing those accounts. ttre IJuSt5 are {eqLAr1 to: . Se suitable atcounting pt)lioes atYS apr4y thwTr Omsistw'. * ob5erye the tnethLx15 and prin0p1 Sn (haTies S(XqP (FPS IOZ).. rrke judgements and e5timate5 that a wsortable wlent: . prepare ttte account5 on the wr¥J £(cn bèss unkss * is w4)ropriate to pme th t company will wntinue in busine55. The fnJ5tee5 ère rewJTrsitAe frx ac(Dwtir4 rwd5 4¥hKh with wale atojracy at any tirne the finèntial of the and tts enable them to enwrE that the a(rLllJnts cornply wilti the CompanEs Art 2Q06. They arE also r£S)nb fly 5alegUat(tiry the of the ciThpany and hen By order the Boatd 2023 P Blioit
NORTH EASf FliEVATIoN TrUsfLIPrn INSEPEFIDErir E¥MINER'S REFORT YEAR ÈYDÈD 31n 0ER 2022 Wc rewrtm xC0ts d the PKNITH EA5f BU5 PRESERVATMI TRUST LIMrEDtrthCy crfcL':la D(flYer 2022, Y¢FdK'.i 2r Ji 7 to 13. Thtr£ .cOunts have tYefftrL in atton1a.- ith tho Fina1 RLYOlJr¥J èDlY¢èt'.o Ifi IIK 3 R(wbliC Of [rola fFRS 102), unow the Thion[al rr&cfTheTrt accnUrj (Ar. CD pBws 9 and lo. RESPECTIVE RESPOP4SIBILtrIES OF DIRECTORSt4D EXAMTr4ERS A5 the tharitws TruSte5vOU aro rrltorty th¢ F¢117 Xc&". c(IlS%kY thai 4L,tht rul1N ofsethc 144121 (&ChariJCS S)11 2011 A(il W. It..5uJrw9blQy' 51atc. onihc .$ O, wtttdJrts writrJ In lh¢ Dirtttyon gwi ty Ine tharkv Iq5(5P>af 17 P•tyCyJlar thaU¢r& hè (D lowr Bttcntion. A515 OF ¥NDEPENDENT EXAMINER REPORT Our W1rtIO Car Out ro accorda Ino tyal [hrtcJftsg (har.[(mSTh5. Indvrts a Jfthc ounun9 rLwftt keo thanLy ar è (D2[1 rftheaccTrts tr( rQCtrGS. 11 Cons0 ofèny nu91 Iieills tr £50r(S n9 frw. èStsu5iLC(ceryW such Ihc pry.c¢vrts yndtrTakCTh a¢ ftot pr0¢ 1 Lf¢ Lh£l Ln ar. aL'.mI eo naL ar, aOli0n by Ihc IlldQPEndentexèminei'sst3t¢mEnt Tn cunrKrbTri cKamirhltK•l. mJThtshas CoMera. 11 WhM* 9VL% causew beliovothai 51 a¢ty reW1¥T1ly5 - lo LY¥ £0[j In ac¢4ydèTKt 130d 2011 - tD ycpare whth accord a(cakr IiYOrdS4no 10 E0ccJ9 fcyiiirL'wMs 2011 F.avQ nci e1, 21 To thlth. il fMr sFKxld in a PTDPU tjr.lk1ai1ety da(rywtrtSto Ik Y2021
NORTh W BUS PRESERVATION TRusf UMTWED srATEMENT Of FtNINCIAL ACllVtTtES (ILUDIF TfoME AND EKPENDTtURE) YEAR END) 31 DECEMBBi 2022 TOTAL FUNDS 2021 uM¢FsrRTrn DESIG7> REStRICVED TOTAL FUNDS FUN05 FUNOS FUNDS 2022 INCONITrK REsRcEs Incoming rrCeS from goraied fun Voluntary Income - Attl¥leS forgLer2tsrrtJ fur - Incorne Incorning resoJrct6 trom thitale thbes on a55ets 13758 265 J4D23 8770 720 4>) 11517 43D 10878 OthL¥ TOTAL IfKoMING RESOUR 26425 265 26G9D RESOURCES EXPENDED Costs of gern(nts lunés - g(ratig V0tary IncomE - Fundr11ng tTrding.'cost of goc¥ts OihÉrC(&S - Invt*rncnt managernent costs Charitablc 2369 2369 1489 12265 38353 36255 1416 1350 TOTAL RE9)URtrS EXPENDED 12265 42135 394 INCOMINGIOLrrGoifK RES(NJRCES BEFORE TRANSFthS -12( -18286 UNREALISED INWEStMEFif G41WILOSS) 467 NEfMOVEMENfIN FUNDS -18434 -19153 TrANSFfR eEtWEEN FUNDS TOTAL FUNDS tAiGHT FUiWARi) 11975 144M) 1634 TOTAL FUNDS CARRIED FORWARD 55891 I75 125866 1443
2011 T4wibpeA%S t7S 16 39l 981 Z87 126947 9q J194 189Y rrtrt LbaS 1719 In9 15f i Jso) 17153 12 J44 FvrAboltheChariiV 19975 J197S rsnated fLthts 61325 12SE66 J443ryJ cyrtny arcoknnt51nwdantetn the Lxand IFIL5 1021.
NORTH EASTBUS PRESERVATION TRusfLIMftH) YEAR ENOED 315fDE(ENBER 2022 l. Accounting Pol¢c¢es The pripaI accoJnkng wthsaresUtnrarWYI tmkn. Theatxwrthg hbt axI ConstLythr(xJNIrtthe year. la? BasisoIAccourtiny The fin8noal 5taicThETrts tKon prLYarl utthr htt{al (rst Conven in ¥ith the FIar]I Rerti sthndard ppllcable In the UK ind Repu1¢ Df Trdand (FRS I02}. [alSArt2ol1, theComparHCS Ad lot and UK pted (b) Fund . unfo5tnttL funds are avalètrde for uSeaitltÈdEttthi trl in lurthwandthÈ4thl VbJub¥c5tt thBrlty. . R£Stnaod funtsare sUbrtl to thrjr (c) Incomity All In(omlng reXrS aro in Staternl oirinènoai the toine inctyYE and UEattyJnt (an b quaTrtlfiod [h traCy. The fo]Ithbing Str we LO Swim)r[71L50(srf In.. . Voluntsry ifthr $ rcrly% tyway 9115afxl in full In the &aiciLYrtof FITwrrial AthIE5 when recthatrde. {dl Resources Expende EXttre * recty]nls& an acuuI5 a5 a latilty s (TrE. Ex1the IjLe5vATffiKh be fuiy reciNeied nd Is as partof exrthditrrE Lovth rt rd . charntaEe expondltsJreo)mFlthC&e c<•s Inwrod charty in the dNan(l IS&1Mts 5EThKe5tr f5 Ir indudts btth costs that allccai£d rtirèlo a(iMbLSa1tIWWsdan nabjrc sSary to 5UPPUtthan. . rthernan costs Irdthe thtse o)5ts a5%¥tl and Slaiuby wirements dthe chatlyand InduOQ tIaUditrS and ats linked 10 the 51rnftgt rTragtdt tharty. . costs aro allocaLed boi51 the ev[lture G1te9 rfih¢ lo refoxt the use¢Y the Te$(rts. Ci rdaung to a acDvity are alkKth dir. ¢%Jvys a tnan arie gs IL Iktsars, wr L5Urn3ted u5a9e as set Out In 4.
EAsfous PRE¥RVA71 TRUST L]MrrED ID PK)TES TO TrE AcccxJf4TS YEAR ENDED 315r DECEMUER 2022 le} Xed Assets Tangible fixed 355ets and depreoa Depre03tn 15 pr(rrt& at the rdi(A¥iW amual rats In vrtedfeath tsfAim&èJ useful ltre.. ResrtyEd vehe5 It and Mathinryy N]i No deprth aPplij tvthe tr> ya1n valueaftu lealIc 2. Incoming Resources frurn Generatrd Fund5 Voluntary [[Kr) 2021Totsl 2021 Yotsi Grants recdyed Yl4 3424 Donad£ Mwetship 265 9154 8770 1445 13758 1415 14023 26S 8770 Acbvitie5for 9enerèting furK15 2021Tolal Z021 Totsl c[bon5 to st¢Yage 720 72D no 720 2022 Total 20ZI Totsl Rglly InconE & wrJ$ 11517 ILS17 10878 IIS17 11517 L0878
M)RTh EAsfBUS PRESERVAT]ON TRiJSfLlPItTED NDTESIDTHE Accoumrs YEAR ENDED 315fDECEMBER2022 4. Resour$ Expende stOre cos 1982 2238 208 3210S Bus expen ALlminlstrau exwsos Ralty Exp5 for Resa 34n6 34n6 1289 1281 1645 1645 AccouTrlants Feo 13 1278 71 nual RL%UmS 383S3 1416 42138 39094 S. Net IN[ning Re5oufcE5 fDrthe Year Trts Is ètter chirgir¥J."" 2022 2021 Ac(ountants Fee 1278 During the year 31SL Dcttffltv 2022 itStlY5vYQ ldrntXxThd a ccrtxr*yl tttsluf £4ipJ8 for n, pnnDng arml
A(eand M5 and raltyeynses (Q.4(6 w 2021
Tw5tLr or othLY rdatcd totho chatity had any ntYe5ts in any tyytractc LYterE(5 intD trylhe thadty durin9 the r12021-[L).
. Taxation a chadty, tho East Preser¥ab T Ltd i5 (xyno tax on IfKtyFE fdliw *ithin of thE fax 1988 ws256 cl theTaxation (I Chawye Att tgJ2 tOthee¢it thai there io I's tharitabLtt tsx tharyc5 have artsen In thecharily.
NQRTM EA5f BUS PRESERVATION TRusf LIMrrED 12 NOTESTO THE Accfl YEAR ENDED 315r DECEMBER 2022 8.T4gib1e fixed Asxts Vehics TJtsl At 1st January 2022 Addition5 98175 9B175 RevaluitlQll5 At 31st DEternr 2022 175 98J75 At lJanuary 2022 Chargefar Year DIS[1$ At 3151 Deb 2022 At 31st 2022 175 9B175 At 315t 2011 98]75 98175 Np hive LEon hdd durirKJ the 31st 2012 un(kra firkTrn g. yed Nsset Investments 2022 Maikot Value Ig january 2022 AttiOnS dudn9 the year endEd 315t DErer 2022 D15posals the year 31st 2022 DWributiO rtaitKyJ In M&G fund Ntl unrcaliSEd InvEStment110ssesl 94irsthring thEyoar Lded 31 t*cèkn2022 28772 430 -2986 MaFket Value as & 315t DErwrthr 2022 26216 HIstLCal ira5 at 31SL DE2012 30n5 10. CJeditor5'. Afflounts Fallin9 DUE within One Year 2021 AThnts falling duc within Lneyear.. ALLfuala lxwnses ptyable kn R K 1416 1278 3U3 J581 1719
NORTH EA5f BU5 PRESERVATION TrUST LIM]Ytt) 13 NOTESTO THE Acc1115 YEAfi ENDeD 315r DECEMBER 2Q22 11. De5iyTr•ted Fvnds Balance Isijan 2022 31st Dec Incomity l>utyMry Transfe45 2022 unroa11s Gain on th¥eknts Prtyerty Fur Desn31ed Fund &31st Decthw 2(122 50000 11 Analysi5 of Net Assets BÈ F5 Funds Funds Tolal Fund5 Taryible Fixed ASSL%S Flxed Asset InVesthts Currcni A55Lt5 C[[ S7610 19975 98175 26216 26216 3194 3194 -1719 -1719 Asgets al3151 rXtyy2022 55891 19975 125866 13. MDvement in Funds A131 Dec Imyrning At 31 Dec 2022 RestriLted 3197S 265 -12265 19975 Total Restt Funds 319 265 -12265 19975 Desi9rtated Funds Total fk4onated Fuftds -2986 Llnrestricted Funds 6R325 25 -29873 S5891 Ttal UnrtFCtcd Funds 26425 -29873 55891 14. Restrthd fvnds At31 Doc 2021 Incomi Qlrtgotng Resource5 Trav5tprs At 31 Dec 2022 Ptsrchase of HKL826 Purchase of Bi PHN699 1075 21 2075 Reoration of A433 Restorati & maintrnancc sled -12073 -142 142 Total R*rirt& Ftsrmts 31975 265 .12265 19975
NORTH EAY WS PRf5ERVAT]ON TRV5T UMtt6) APPENDJX I. INCIMIE AND EXPENDtTIIIE ACCOUNT YFAR ENDEO 315r DE(EMeER 2022 NORTN EASf wjs PRESERVAT]ON TRiIST UMtrED 2021 INCOME AND EXPENDttURE Ina¥ming rLwur ConthbuDrm5 to stNage mrShIp fe tknnabt5 720 1445 4924 720 7329 Grants retCiVL Ralty Inco o(tAid 3424 10787 J0878 4073 lTrvoThnt Income 430 440 Miscollaneous including wbrv45 r(1 Jncoming 20678 5013 oragc costs Yé4oiier 2238 208 Bus exptnsos lty 2955> 1645 1911 AdmiTri5tration c(*5 Annuèl Returns 1281 72 Accountsncy 1152 418SO Net Mo¥ement in Funds -J5117 -18228
NORTH EA5f BU5 PRESERVATION TRUStLIMTTED AFVENDIX 2. INCONE AND EXPENDfTURE AccouKr YEAR ENDED 315r DEcER 2Q2 rioRTHEPJ4 ONNIBUSIRusr 2021 INC[XE AND EXSENDrtURE Incc¥ning fwufTr5 [knabS &&ft Aid Total Incoming Reswrces 157 157 130 Re50urce5 Ew Bus exws drnin1strati oxpa)ses 156 126 Mmtwt in Fund5 -t31 -58