NORTH EAST BUS PRESERVATION TRusf LIMrrED
REPORT ANO FINANCIAL sfATeMENTS
YEAR ENDED 31￿ DECEMBEA 2024
COMPANY REGisfRATION NO. 04961248
CHARrrY NUMBER 1103051

NORTH EAST WS PRESERVATION TA￿ UMThJ
FINANCIAL ¥fATEMEKrs
YEAR ENDED 315r DECEMBER 2024
Contents
Pa9e
Reference and Plrninistrative Informal
Trustee5 Anwal Report
I￿¢fident Examiners Report
StatemeTht of ￿nancIal Affalrs
Notes fornilng Part of the fina￿￿￿1 slat￿n￿ts
8-12

NORTH ￿ BUS PRESERVAn(w Trusr UMrrED
REFERENCE ANO ADMIN15fRATIVE JNFORMATI(hY
YEAR ENDED 315r DECEMBER 2024
The Trustees pr￿nt th￿r repNt ar*1 finaKial ststunerts for year eThJed 31st tkcember 2024.
CONSfrrunoN
North East Bus Preservation Tn& is a compary limited ty guarantre aThl a regL4ered thaiity.
DIREcfoRS 4P4D TRUSfEes
The Trustees of rhe thariraNe company {the d*ntyl are rt5 Trnstees for the purk¥J5e ol tharity low and throu9lTrJA thi4
re collectively referred to a5 the Trustees.
CHARITY NAME
North Eax Bus Preservatpjn Trust Umthl
COMPANY NUMBER
49612q8
CHAIUTY NUMBER
1103051
REGisfERED OFFICE
122 Re9ertt Farm Roat1
Newcastle Uwn Tyne
NE3 3HE
BOARD OF TRu￿EEs
Philip Ltyie
Ian ￿derSOn (resigned 29th May 20251
David GaMb￿S IrcsvJncd 29th May 20251
Richard Slater {reygned 29th Moy 2025)
Peter Ellh)tt Ires4ned 29th May 20251
Oavid Warrcn {r￿gned Lgth Marth 20Z51
Peter Mitchell
T￿or Hiw {ns(gned 25th AprA Z0241
Andrew Dokn (resigned 25th Awil 2024}
Caroline EIIK)tt Ire5igred 25th April 2024)
Robert Kell llesigned 25th April 20241
Andrew TWedd￿ {apwintsJ 29th May 20251
Alex Spiller lawointed 29th May 2025)
Simon Cowley lappointeo 29th May 2025)
The fogknwing Tru5tee5 v*re also tir&tots oftts thmparty
Philip Log
lan Mde¥son Iresigr*d 29th May 20251
Peter Elliotr {re%9ned 29th May 20251
.T￿VOr Hu)es (resigned 25th April 20241
Andrew L￿lan Ire&gnod 25th 20241
Trjrew TWedd￿ lappointe(5 29th May 2025)
Peier Mitchell (appointed 29th May 2025)
Alcx Spillcr laprxThnted 29th May 20251
"rnon Cowky {appointed 29th May 20251
ACCOU14TANTS
Wethaters
34 FrcdcrKk Street
SundertanLS
SRI ILP
BANKERS
Uoyds TSB
txjrham

NORTH EAST BUS PRESERVATION TRUSf UMrrED
TRUSTEES REPORT
YEAR ENDED 31ST DECEMBER 2024
The Trustees a￿ pleased to pr￿nt their report together with the financial 5tstements of the charity for the
year ended 31st December 2024.
Objects of the charity
The objects of the charity are set out in the rnemorandum and articles of assoaation.
Organi5ation and background
The charity is administered by its board of Trustees.in accordance with the Arts"cles of A<sociation. For the
year to 3151 D￿mber 2024. the board was comprised of the Trustees listed at page 2.
The Trustees meet monthly on the the second Tuesday of every month. and members attend in(b)r winter
meetings or outdoor summer trips on the fourth Tuesday of every month.
The society was formed in 1980 to encourage the preservation and dtsplay of public transport vehides
from the North East of England with charitsble status being gained in 21)03.
Running Aims
We intend to continue with our prograrnme of Heritage and Museum work and will also continue to attend
and 5UPPOrt a number of cultural events. In the past these have inclu(led Heritage Open Days, Local Historical
Societies, Charities and Local Community Fairs. We in￿d to expand on this over the coming yea￿.
Premi5e5 Aims
We maintain the sum of £50.000 in a designated fvnd to assist in the acquisition of a premises to enable
US to store, maintain and display our vehicles in one building should a suitable property become available.
Achievements In Year
The year ended 31st December 2024 saw North East Bus Preservation Trust continue to provide the servi￿5 and carry
out the activities for which it is was formed and in accordance with its charitsble objects. We continued to perform
maintenance and restoration work on our fleet of t￿Se$ in order to safeguard and preseive this part of our
regions heritage.
On a number of occasions we also took the opportunitiy to showcase our work to the wider public. Highlights
included our rallies at the metro￿ntre and at SeaL￿rn.
In addition we held several depot open days during the year and these were well attended and seemed to be
thoroughly enjoyed by attend￿.
In common with a lot of non profit organisations, generating 5uffficient financial resources to carry out our charitsble
objects is increasingly difficult and we are in(iebted and extremety gratdul to everytody who donated their time
and money to North East Bu5 Preservation Trust during the year.
The disposal of several vehicles during the year ended 31st December 2024 helped to stsbilise our finances but
we cannot rely on this as a recurring source of income. On a posits.ve note our incre65ingly strong relationship with
Beamish Museum shown a lot of promise and the Trusttts remain optimistic about the Trust's future prospects.
Future Developments
There are a number of vehicles that are being repainted and mechanically improved and the team who
undertake this work will continue in their endeavours. In addition we will continue to foster close links with
organisations similar to our own and to assist and Sha￿ technKal and other knowledge with these organisation5.

NORTH EAsf BUS PRESERVATION TRlI￿ UMrrED
TRUSTEES REPORT
YEAR ENDED 31￿ DECEMBER 2024
Trustees Responsibilities
Company law requires the Trustees to prepare finanaal statements that give a true and fair view of the stste
of affairs of the charity at the end of the financial year and of its surplus or deficit for that period. In
preparin9 those accounts, the trustees are required to:
select suitsble accounting wlicies and apply them consistently-
* observe the methods and principks in the Charities SORP (FRS 102)..
make judgements and estimates that are reasonable and prudent:
prepare the accounts on the goirrfJ concem bags unless it is inappropriate to presume that the
company will continue in business.
The Trustees are responsible for keeping proFer accounting records which disclose with reasonable accuracy
at any time the financial pjsition of the company and to enable them to ensu￿ that the accounts comply with
the Companies Act 2006. They a￿ also restx)nsible for safeguarding the assets of the company and hence
for taking reasonable steps for the prevention and detecb.on of fraud and other irregularii*s.
rder of ￿ Board
2025
A Twedd
Chairmantrrustee

NORTH EAsf BUS PRESERVATION TRUST UMtrED
INDEPENDENT EXAMINER'S REPORT
YEAR ENDED 31sr DECEMBER 2024
We ￿￿#￿t on the at¢ounts of the NORTh EAST BUS PRESERVATtON TRUST UMITED for year ended 31st Decemter 2024. which are
set outon pages 6 10 12. These KcouNS pokwred in a(rtsrdan￿ with Reportirq st￿thId apF4icab)e in the UK and
Republe of Ireland {FRS 1021, under ihe histo￿￿ cost conventxin the Kcountiry polw set ¢yJt on pa9es 8 arn19.
REspecTThE RESPONSIBILrriES OF DIREcfops AND UAMINERS
As the chariW5 Trus￿$ yoii ￿ reswrt9bk the Weparatb￿ ol the accounts* y¢Ju cDns#Jer that the a￿ffit requir¢ment of seCt￿n
144{21 of tharities Att 20LI {the 2011 Act) does N)t appty. Ir is our rewn5it¥lty to slate. on the ba5t5 of specffiLMI
in the General Directyon 9Nen by the thanty Comnwss*Jn ur¥Jer se￿n 145{5)b of ￿ 2011 A¢ parbojbr matters have
(#ne to our attention.
BASIS OF INDEPENOENT EXAMINER'5 REPORT
Our etsminatitin was carried in accord3￿C v4Qh the Ger￿ra1 ￿rect￿￿ giwen ￿ the Clh3rity Commissior*rs. An examination inchjdes
rew¢w of the accounting recc¢ds kept thanty ar￿ a cornpariy)n of the acu)unts presented Yiith tth)se record5. 11 a￿0 includes
cOn￿deration of any unusval iterns or dtsd￿r*s aTh1 seekn"n9 explan00r￿ fmm you a5 trust&s Concerni￿ such rnatters. Tr protedures
undertaken do Th)t provide all the evider￿ that woubj be raJw&l th an audr( arxl ¢or6eqL*ntty we do rntexwess opnion
on the v*w given by the acc<MJnr
Independent examlner's statement
In connection our e1arnina￿ no maver has to our ￿te￿x￿..
11 Whith gwes us rea￿natIe Ca￿e to believe that in any material te5feCt the rujuirernents
- to keep accouThbng records in KcordwKe se(ttr￿ 130 of tr* 2011 Acr: arn1
. to prepa￿ Kcounts whKh accord with ts accountiThJ rccords and io comF4y vrith ￿cOUnti￿ Ryul￿Tr￿nts of 2011 Att havc
not been meL'
21 To whKh. in our opin￿￿ attent￿)￿ bE in (wdÉY fo enab￿ a proper of xcounts to
WEsfwATEPS
15th September 2025

NORTH FA¥f BUS PRESERVATIthN TRLSY UMtTeD
A7EMENT OF FINAIKIAL AcrrvrrJES IIIKLUDING IhfoME ANO EXPENDrruREI
Yw eNDED 315r [￿m￿oi1024
TOTAL
FUND5
2023
UNREStRIcfED DESIGNATED REStRICt8) TOTAL
FUNDS
RJNDS
RJI*IS FUNDS 2024
Plotes
INCOMING RE￿￿RcEs
Incoming re50urce5 frtyn ge￿ra￿LI twxts
. Voluntary irw))e
. Al￿vIbeS for genuat¥wJ
. Investment Incor4
Incoming r¢sources from chaitab* Kly*thS
Profit on frAed assets
82¥J
7ZO
82SYJ
720
29214
720
200
9064
446
18656
62(KJ
18656
102rJJ
TOTA( INCOMING RES￿cEs
37866
396q4
RE9)UR￿5 EXPENLED
Costs of generntM¥J
. Costs of generati￿ ￿1th113ry ￿cffje
. FUndraI￿ry tr&Jiry'.co& of sokl co
1271
1271
k782
Chèrrtablè acbvrtEs
Governance costs
31446
1566
547
31993
1566
25824
1482
34283
547
54630
29086
NET INCOMINGIQUTGOlI￿ ￿E￿x￿CEs
BEFORE TRANSFERS
417
3453
3036
10556
UNRWSED IWE5fmEP￿ GAINI{LOSSI
MOVEMENT IN fUNOS
417
53
3030
10556
TPANSFER BETv￿EN FUNDS
121KIO
TOT￿ FUNDS FC&WARD
58337
28085
136122
125866
roYAL fUNOS (XRRtED FORWARIJ
69920
139458
136422

NORTH ￿ PJJS PRESERVATION TRU￿ UMrrED
BALANCE SHEEr
YEAR ENDED 31￿ OECEMBEA 2024
2024
2023
r4o¢es
Fixed Assets
Tangible Assets
Investments
88375
97175
88375
97175
Cuffent Assets
Cash èt bank and In har*1
tkbto
46769
$850
41097
T¢tsl CurrentAs$ets
5Z6J9
41097
Current Li•bilities
creditc￿5..Am￿nts falling due wthin one ye
1536
A850
1850
Net Current Assets
51083
39l47
Net A55ets
139458
136422
Fun¢$ of the Charity
Rcstrirted hjnds
Deggnated fu￿$
Unresttcred fuTrJs
12
12
12
19538
50000
69920
2B085
500tsJ
58337
Total Charfty Funds
1394SB
136422
These attounts have tttn prepared in aCcOrdar￿ *yth the special Prtiwsions relabng to 9nal cfynpan*s ￿thIn Part 15 of Companles
Act 2006 and in accordance with the Accounbw and ReKK)rt¥YJ ty Chariiies.. gatemenr of Recommendgj PractiTr applicab￿ to Cha¥￿e$
prepa¥¥vJ ￿r accounts in wth the Fwkil A￿￿1¥j kn¢Ja￿ applicab* in Il* UK Rewbbc of IFRS 1021.
For the finartial year a)ded 31st D&em￿r 2024, the coww wa5 entiued to exemptwM frtyD under sttbon 477 Compan￿5 ALt
2006,. and Th) ncTriice has been depO￿ted under Sect￿)n 476. dirttttys ￿k￿￿ledge tt*"r respor￿1￿"11f1es for cOMp￿.1¥j with the
requirements of the Companies 2fy)6 ￿ respett ￿ accountiNJ records the preparatpjn of ￿COUnts.
17,KK
ose accounts were approved by the toard ￿............ ... .. .........
. 2025.
rRusfEEIDIREcfoR

NORTh W WS PRESEAVATIThY TRusf LIMttED
NOTESTO THE AccoU￿r5
YEAR ENDED 31sr DECEMBER 2024
l. Ac¢ountlng Poll¢i¢s
The ￿n0paI accwntiry are summarEed bekTh¥. The pthe5 ha￿ i*en Consisknfty throtyjh￿rt ts year.
(a} Basls ot Actounll
ThE financh?I siatenerts ha%e ￿en prepa￿ ￿der ￿ hstorical cost Ccffj¥Eni￿ in accordantr IJ* financwl Rewtin9 St￿￿ard
appbcable in the UK and RepubJK of IrelaNI {FRS 1021. the charit￿ Acr 2011, Compan￿5 Art 21th and UK Generamy Accepted
Accounting pral*￿.
(b) Fynd Ar￿Unting
- Unre5trKted funLts are for use at the distretK￿ of the tnjslees ￿ fi￿ther￿ce of ￿ gereral (kniecbve5 of the charity.
(c) IncorniThJ Resources
All incoming resour￿5 are i￿luded in siatfftAt of firki￿131 adwir*s when the (harity is io the *Kome and the amount can te
q￿)ntified wth reasonat4e accurncy. The foIkfv￿￿ specrfK ￿￿O"e$ are apF*Il io pwtvJkr catewries of irKome:
. Voluntary irthme 15 rttdved by way of 5ubxrirrt*Jis. donatytiAS and 9ilts arn16 in fvll in the SMem￿t of F(nandal
when re￿Nab￿.
(d) Ilesources Expended
ExFenditure is recL¥Jn¢sed ￿ an acuuats bass as a ￿bilIty is imKrc*l. E¥Fth1*ure i￿￿deS any VAT whth canTrJt be fvI￿ recovued
and is rewrted as part of the e¥penditure io wl*h it rekites:
. Costs ofgenerab.ng fund5 Cornpr￿ the costs a5￿Ciated attrKbrwJ income.
- Charitable expendi￿re comprise5 costs incurred by the tharity in ￿ delNerar￿e of it5 othIlE5 6￿1 5eNcÉs for itheficièries.
It includes b)th costs that can be alkKated directy to ￿ acbvibes and th)se costs of an ind*rect nabjre necessary to yJprort them.
. Governantr costs i￿ude costs ass(K￿￿ corLsbttJbfyi& aryl reqUIr￿ts ofthe chanty irKWe
the aud4t fees and costs linked to the strategic mèrogement of the chanty.
- An costs are alkxated the expenditure categone5 ofttk &JFA on a bay5 desig￿ ro rel￿ Ihe w of the resource. Co
relatin9 to a particukr activity a￿ albcaraj directy. others affj appth.ortd on an a￿ro￿ate l)asis i.e. Iljor area5. pv caFits or
esb"mared usage as set out in Note 4.

NORTH EAST BUS PRESERVATION TRU5f UM
)TES TO THE AccouNrs
YEAR ENDEO 31ST DECEMBER 2024
(e) fixed Assets
Tangib￿ fNed assets and depreciation
t*preiiarty) is kmided ar the fouowing arrnal raLts •) b) Wri￿ off eath assetovw d5 e5tTh
useful lrfe..
R*orcd Vehklcs
Plant ènd Mathinery
141L
15%
No 15 applied to the Restored ve￿ts th ID an I￿e35e in value ofter rewxalK
2. IneomSThg Resource5 Irorn Genernted P￿￿5
vo￿n* IKC
1024
2023
Grants receNed
na)(￿5 & Gwt Ad
8110
19728
1376
29214
1629
8290
1629
8290
vit*s fiv 9enerab.ng fvnds
2024 T<>tal
2023 Total
to str*age
no
720
720
720
720
J. In￿•￿9 Re50ur¢es Irom Charitable Acti¥ibes
2024 Total
1023 Total
PAty Jncrffj￿ & outings
i¥thirNes
9356
931KS
9356
9300
18656
18656
90S4

NORTH ￿ eus p￿RvATIoN TRU￿ UMrrEO
io
NOTES TO ThE ACCOUNTS
YEAR ENDED 315r DECEMBER 2024
Stora* costs
2140
2140
1213
27903
58
1950
1428
138
3051
1071
224S4
1213
Bus expenses
27903
711
319
1404
Ralty ExperL
19X+
1428
138
Anrwal RL*Jrr6
1271
31993
5. 14et InoJmin9 Resources for the Y￿r
This ts gated after thargirg:_
2024
2023
Deweootion
1428
14(Wl
6. Tnbstee RemuneTrtion & Relèotd P•rty Tr•nsèrtions
No oftr* Mlm•* Commiitee recevled any I￿neVa1￿ tkniNJ the y ￿ed 31st Decemtw 2024.
[￿ring tt* year ended 31# C*cember 2024 three tJwtees lein￿￿5¢d a c£￿*¥*d lotal d É844 for Trust
eXr￿Se$ paid p￿nalty I£L.994 in 20231.
No Trustee ￿ other person related iv thaT￿Y ¥*ve5t5 cortrKtor tra￿cl*M entered irtc*
chwity year {20Z3-NILI.
7. TaxatS0
As a the North &ist &Js Preservation Tnjst Ltd 15 exempt from tax gall￿ falling sertlw 505 of the Taxes Art
1988 or $256 of the Taxation ol Owryeabk Gan5 *lct 1992 10 ty* art appl*d to Ifs thar*abÈ obptts. r40 lax dw9es
have a￿en in the Charity.

NORTH EAsf Bus PRESERVATION TR￿ UMrrED
li
NOTES TO THE ACCOU￿5
YEAR EPIDED 31ST OECEMeER 2024
8.Tangible Fixed Assets
Vehlcles
T¢knl
orva
At 1st January 2024
AddiDDns
Reva￿atiOnS
97175
97175
Disp)5aLs
At 31st [￿ember 2024
88375
88375
reoatioTh
At Istjanuary 2024
Charge for Year
At 31st ￿rnI￿r 2024
At 31st De￿rn￿r 2024
88375
88375
At 31st Dttemter 2023
97175
97175
No assets have teen hekl duriry the year to 31st December 2024 wder a fmarKe kne agrttn*nL
9. Creditors: Amounts Falling Due within One Year
2024
2023
Arnovnt5 falling due within ore year-.
Accruals
Expenses payabk to R Kell
1536
1482
1536
1850

NOATH BUS PRESERVATIC*4 TrIM LIMrtEO
12
NOTES TO ThE ACCOU14TS
YEAR ENDED 31ST DECEMBER 2024
10. Desi9nated Funds
Bahn¢e
31st Oec
Isi Ja
2024
Incomi￿ Out90i•w Tran5fer5 2024
Pmpty Fund
DcsigTrated Fund at 31st t*£errt￿ 2023
S0(M)O
50000
11. Anèlysis of Net Assets Between Funds
General
Fwnds
Funts
Funds
Total Fund5
Tarwjible Fixed Awls
Fixed Asset Investmtyits
Current Assets
68837
883
2619
-1536
52619
Current Lwtxfiies
-1536
Net A55ets at 315t De￿rnber 2023
69920
50000
19538
139458
12. Movement irt Funds
At 31 Dec
Incornin4
Out90ing
Resources Transfers
At 31 DEC
1024
Restricted Fund5
28085
-547
-12CI
19538
Toial Restricted F￿d$
2￿5
-547
-12(MJO
19538
Desi9n•ted Funds
Total [￿￿￿ted Funds
50rxio
Unrestricted Fund5
58337
.34283
I2(￿0
69920
Total UnrestrKted Funds
58337
33866
-34283
121X)O
69920
13. Restrirted Funds
At 31 Dec
IDcomin9
Outyoing
2023 Reswwces Resources Tvansfas
At310e
1024
Purchase of Bu5 HKL826
Purchase of Bus PHN699
Restoration of Bus ABR433
Restoration & rna1ntena￿e of rthr bL
-12000
2075
18010
2075
-s47
17463
Totsl Re5trthd FuTrJs
-547
-120(X]
19538

NORTH EAsf BUS PRESERVAnlYI TRLW UMrrED
APPENDIX I.
INCOME AND E%PENDrruRE Accoumr
YEAR ENDED 31sr DE￿MBER 2024
NORTH FAsf 8US PRESEAVAnlY4 TRUSf UMrtED
2024
2023
INCOME AND EXPE14DrruRE
I￿OM1Th9 resources
ContribubDn5 to Storage
M¢mktshlp feos
tX>nations
720
1629
3374
72Q
1376
14Y2
8110
8364
4727
200
Grants re￿Ned
Rasty IrKome
GiftA
6365
3287
IftvesDnent income
Attendor￿e incentwes
Miscellaneous i￿u￿lA9 OU￿ngS
Profit on Sa￿ of r￿ed assets
930D
2991
10200
700
446
Toral I￿oMing Resources
3?866
3958S
Rcsources Ewded
Rent
Storage c05ES
Newsletter
Bus expenses
Ralty expen5e5
Administration costs
5000
2140
1213
3051
1071
17454
319
22903
1950
711
78
1272
nual ReturThs
Accountancy
138
1428
34830
28956
Net Movement in Funds
3036
10629

NORTH W BUS PRESERVATION TRUS[ UMtrED
APPENDIX 2.
INCOME ANO EXPENDrruRE ACCOl￿T
YEAR ENDEO 315r DECEMBER 2024
NORTHERN OMN18VS TrUST
2024
2023
INCOME AND EXPENDrruAE
I￿On￿ng re￿urCeS
oonab.ons & Gift Ahl
59
59
Totsl Incornin9 Resources
Re50urce5 Expended
Bus eypen5es
AdministratKJn exrEn5e5
132
132
Net Movement in Funds
-73