FILE COPY LTHT* LEICESTER TRANspoKr HERITAGE TRUST www.IthLorg.uk Leicester Transport Heritage Trust Limited Company Limited by Guarantee Report and Accounts 31 December 2021 Charity number 1124024 Company number 06406326 Miiiui •A87KuIOR' 0510712022 COMPANIES HOUSE *AB6G87MI* 1e10612022 COMPANIES HOUSE #188 Lelcestei Trnnsport Herilage Tntst Limiled a company limlted by guarnntee) Report and accounts for the year ended 31 December 2021 Cont•Mts P* Legal and admlnlstrati¥e infommtion T￿￿te￿. #nnual rnport 2to8 Indopondont ox•mln•rs r•port 9t010 ststernent of fin•n¢knl •cll¥llle 11 8•lance shee¢ 12 Notss to tho accounts 13to18 Leicester Transport Heritage Trust L¥Thiled (a company limited by guaranteè) Legal and administratfve Inform*ion Charfty number 1124024 Company numb•r c6￿326 (England ar)d Wales) Govemlng Instrument The Memorandum and ArtKle5 ofAssocialion Company se¢r¢tary CDJYths Tru5t¢e51DirKtors R J Wom¥n- Chainron M W Greenw( C D Jinks A P Newland A G Tucker T P Folb7WS Registered office 8 Ingrnms Way Wyton Le￿stershi[e LE18 3TU Independent examSner J A Bailey FFA FIPA FFTA Bai* & Griffths Limrted Offiee 17 The Alkins Bvikjing Lcwer Bond Street . Hinckley Le￿$te[shire LE10 1QU Banker4 Nalwesl Bank pk. 1 Granby Street Letester LE19GT Lelcester Trdnsport Horitagg Trust Lirnitad la Company limit•d by Guarnntse) Report of the Trustees for the year ended 31 December 2021 The Trustees who are also the directors of the dprity for the puwe¥ ofthe Ccffipaftres Act 2006, present their reFQrt with the financial statements of the charity for the year ended 31 De¢emter 2021. The Iruslees have adopted the provisions of Accounting and RetK)rting by the Charit￿$.. Stat8ment of Recommended Practice appluble to charities preparing their accounts in acccffda￿e with the Financial Repoth"ng Standards applicable in the UK and RepublK of IrelarKI IFRS 102} leffectTve 1 January 2015). Intn)duction The year - in conYrv)n with the previous yw - will also be rememberèj as being dclninated by the COVID-19 global heahh crisis. but desprte Ihe gOvern￿nI rest￿l￿*nS On￿ again being imposed on the Trust wth regard to its events. the Trust was able to receive enough incorre to ride through Ihe storm. courtesy both of rts loyal members coming to the rescue with generous donatDns and further Covid grant funding during the first haw of the ye¥ from natM)nal governff￿ a(kninistered by Letcestw Cty cou￿11. The directors (also the trust*s. for the purpose of Cha￿ l••V) who served durirwj the year were:_ Richard Worfflan (Chairman and Restorations Oirectorl Chris Jinks (Director and Secretary) Peter Newland (Finance Diredor) Mike Greerbwoc¥J (Director of ArchNes aKI Research) Andrew Tuckef (Sales Director) Trevor Follows (Difeclor). Nyl Eggleton C￿tinUed as President Under the requ1￿ments of the Memfandum & Artic￿ ofAss(xiati¢)n. the Honorary Secretsry and Honorary Treasurer have lo reti￿ in a￿emate years. each holding office for a ￿ year lern. At the AGM held in June 2021 il was the Honorary Secretary (Chris Jinks) who was required to retire. In addrtion, of the ordinary directors are required to retire each year, and at the AGM it was Mike GreenW0￿j arvj Andrw Tu¢*er who retired. However, all three of the aforementioned persons were duty re4ected. The Tram Depot Sutrtrccffimittee comprised Messrs Greenw(￿￿ and Jinks fr¢xn Ihe Board of Directors together with members Robert Kemp. Steve Foxon. Tony Go• Liz WAson. Oiher sp￿lfIC rolès were continued by the fc41owing personnel:. Finance Officer.. VivEnne Eoknrds Marketing & Media 0￿￿Er.. Mike Hay Members, Lottery Officer.. Linda Green¥4r NARTM Liaison Officer.. Simon Gill Policie$ & Procedures Offvr. Richard Bruce VehKle Restoration Officers.. Neill Richardson and MKk Mcore. In additKin. Martyn Vthrtlam was made Website Officer s￿Ported by his wife, Vthria. and daughter. Emity. Public Benefit rPu es and Ob. The wrposes ofthe ch•ity are: 1. To advarKe publ￿ educal*)n ty estabbshiry ar￿ rroinknwvJ kyr￿ ber￿fft ofthe nation permanent display of historic Cornn￿r¢I81 and public carriage vehicles at a Museum in Leicestershire and for the like purpose to pron￿)le a pemwnent presepé*￿ of all historic corM)ertsal vehtjes and equipment. and iteffts of general transport interest l of actual or kw)tential histyr ¢y xienlifr IThwirla￿ arKI edLK*4e value" and 3. To exhibit lo the public any such vehicles. equipmnl and items as aforesaid by mean5 oftemporary or permanent eXhIbit￿n5 to derr￿In$traIe and a5Si5t in demonstrats'ng to tr* public the working and operattsin of any such Veh￿kn. equipff*nl and rdated rtems by means of Stat￿ or mobile diSp￿yS and by caryr4J the public C￿ such vehties or othe￿iSe. Our vision of establishirKJ a pernanent mL￿urn remains a key objectNe and during the year further remedial work and assessment was undertaken on the Sloneyg*e Trnm Depot which. due lo rts layout. did not lend itseff to bein9 made CovNI-19 safe. and thereth needed to remain shul to the public during the health crisis. The trustees therefore bdieve Ih*. under the Circumstances. our Charits￿e purposes and objectwes continue to be $￿CessfUl￿ mel. The trustees have had regard to Ihe guidance provbjed by the Challty Commtssion on P￿lIC benefrt reporting. Achl•vements and Perfonnance Bus & Train ular Thankfully. in early Octcber the Trust was al last able lo stage a major event. The long awaf(ed annual joint event with the Great Central Ra1￿y. which is normalty hekl during the Spring, had lo be delayed until the Autumn because of the eart￿1 Covi&19 reStr￿110ns. The event, bas&J at Quorn & Woodhouse Station, was the rnosl successful to date witti 1.845 passergers b￿"n9 ￿[ried. of whKh 246 were children. There were 40 buses present of whtch 22 were fcff disp* onty wrth the rwnaining 18 available for transport￿9 Publ￿ on three different routes free of charye. Workin Rel lionshi wrth the GrÈat Central Rai Durin9 the final quarter of the year after most restr￿lon5 had been lrfled. we were able to provide vO￿nteer assistance at a few GCR weekend events. mm nities Government restrictions meanl thai events could take fv. miniscen Again. the progress wrth this Klea had to b8 sweThled throu9hout the year due to goverrwnenl restrictions. Website and Media Ex osure Half way throwdh the year th￿e new famity Trust ￿MberS agreed to take up the challenge of revampw the website. The new sile was laU￿hed in November and has ￿CeNe￿ excdlent feedback. We continued lo recetve enquir￿ and feedba* through our website. but ￿Cause ofthe system revamp. no reliable annual figures were available. However it is the intentKin for robust fgures to be maintsined henceforth. The Tiusfs Facebc#)k page hwj irueased lo 2.115 follthvers around the end of the year of which 288 were female whilsl there were 516 folk)wers of the Tntsl's Twitler account. me Assistance in It* l- ht of the D-19 Health Crisis Following on from the grant assistance wh￿h we receivèd fr¢)m natbjnal government the previou5 year we were able to Icck Into further available grant funding from the same source during the first h￿f of the year and these amounts totalled £16,812 a very sNJnrfKant sum. In addition to the regular monthty d¢)n*ions received. were, as aws. extrwne.ty gener¢JJ5 when it came lo renewing their rrembership from October onwards wrth over £2,700 of general donat￿nS accompanying renewal subSCrpt￿ns as well as further donaty.ons to a$sLst $pecrfic vehicle restoration projects. Mosl of the donations r￿eNed during the year V**re avail*￿ for Gfft AKI. stoneygate Trnm Depol Prolect Because of further uncertainty during crisis, onty limtled tmpn)vements were ca￿Ed out on the building with contractors in Juty arrangir¥J for the ￿0¥al of redundant 1920s pipework relating lo an o water heating system which was not part of the orNJinal eonstrucl*)n. To facilitate the renN)val. a director installed some repL4cerwt electrKal c*lirwJ. Hcmiever. also in Juty. further expense was incurre(l on rect￿1ng leakage surrounding some water meter apparatus. Bxk in March. another h)cal firm ag￿ed to replace some slipped roof tiles on the outbuihJing free ol charge. The ￿alth a150 paid lo any progres5 being made in respect of gTanl fvndiry for the project V•hi¢lg Comoction Al the end of the year, the Trusfs ¥eh￿Ie Co1￿￿>￿ stocrtl at sixteen. of which fourteen were buses. Desprte the government restrKtions again imposed on workiThJ arrangements duriro various limes in the year, it was pleasiny to note spanifunl restoration progress on several of the Trust's vehicles FJF 193.. A 1950 ex-Leicester Cty Transport Leyland PD2 was finalty maje avalable for the public to enj¢)y at the Quom event following its ￿$tor81￿)n over the previous three years. GRY 60D: A 1966 Path Royal bodied exleicester Cty Transport Leyland P03 w further work done by volurbteers lo bc4h the exter*)r and interior. 264 ERY.. A 1963 open4q) Park Royal bodied ex-Leice5ter Cty Transport and Guide FrKlay Leyland PD3 bus saw further progr8SS With the reinstatement of the onginal r￿rte number and destinatK*n boxes layout. UFP 233S.' A 1977 exleicester Cty Tra￿pOrt Dennis Dominator. the oldest still in exi%lerKe, was finally unveiled to publi¢ * Quorn kAlowing rts lerythy restorn1￿n by ¥O￿nteerS. ARY 225K'. A 1972 exleicester Cty Transp)rt Melrcthnva s*w many outstsnding repairs completed over the year. The bus was also transported to Telford in April lo take part in a film Shoot lo celebrate So years of Scania buses. OJF 191.. The lorvj terni Pr￿$s￿nal r&St￿￿n of the 1956 LeylaThl Tiger Cub sing1￿k bus continued in Slaffordshire. A502 EJF." A 1983 ex-midland Red Leyknd Otrympian sw mLth progress in the painting of the exlerior. particulady during the months of good weather. BAH 809X." A 1982 Plaxton trtsjied ex-Lewler City Transwrt Leyfand Leopard coxh Iformerty reg¢sleied TBC 1X) was Pufchased by the Trust at the end of April with the of a very generous donation from a Trust member who also a9reed to provide financial asSistar￿8 towards the kibow costs of retuming the vehiele to a satisfactory standard. 6314 HA.. A 1963 ex-midland Red D9 some restoration *Drk ccrfnrrence dumg the final months ofthe year to the rear plattorm and panels. Vehides were rotated beknn the stryage centres during the year to fft il with the tir*tsbling for proposed future restoration and maintenance work. Other Rallles and Events Because of Cowd restrictions, very events I￿k plxe throughout t1￿ year. Hry4¥ever. the Twst was represented al the Oadby Molorfest in August, a k¢al road run in September. the Transport Museum Wythall in October. an event to mark the closure of the old M•JlaNI R&J Garage at Soulh W4$ion (also in October) and. in November. al the Lutterworth Rah4Nay SoC￿ty. Archlve and Archive Storage Area5 Items added to the collection during the year included a clctk from the old Abbey Park Road He￿ Off￿e building. photograph￿ and slbde col￿tIOnS and t￿et ma¢hine$ wrth t￿kets. The exercise to digitise the old LCT employee application forms was completed in February. A further photographic collection was k)aned to the Trust to enable ils 240 images to be d￿rtaI￿ copied by one rwnber whiL8t a fvrther member constwcted comprehensr¥e wb"on$ to the ¥1￿￿ wrth the project being completed in December. The most vulnerable and important archNe iterré ￿ntInued to be kept in st￿e in tre cty cenlre l(%aion (rental charge £2.000 per annuml whilst many other iterrs were stored (free of c*bargel at the tram depot in archive specified storage boxes. Vehicle Stornge Centres By the end of the year. the Trust's vehdes were all stor&J in Leicestershi￿ across four sites (not including the long term professi(wl restoration in Staffordshirel. The rental payrnent for the storage of the vehicle land archwel collections continues to be the Trust's gr&ite51 financol burden. Accordingty, the acquisrtion of freehold s(te. whwe the whole colleclion can be housed and dtsplayed to the publ￿ cortinues to be a top prioriiy for the Trust. However, conshjerable disruption was caused in Au9USt when the Trust some of merr**ts were given months, notice to qurt one of the smaller vehKle storage siées b￿use the s((e was due to be developed for housing. This meant Ihal two of the Tnjst's vehtcles ￿le(l lo be moved along with many o¢hers oW￿d by vaiious members of the Tru51. Much time and energy therefore haj lo be expended in trying lo Irack down atternative srtes and thankful￿ one srte was procured a slv)rt di$lan¢e way from the existing site which was able to house most of the Veh￿e5 which We￿ al risk. A few other privalety owned vehickn were moved lo other siles. Throughout the ye¥, and subject to govemment re5tricknons which limit￿ nLmbers from March onwards, Trust volunteers continued to spend thwr Saturdays (and sn. struclur•, Governance and M•nagement Trustees. Responsibilities, Management and Orynls•tlon Leicester Transp)rt Heritage Trust Limrted a company limited by guarantee 90￿Med by ts Memorandum of Associat￿1n daletl 29 September 2007 and rts Art￿leS of Association dated 27 May 2017. ￿ is registered as a charity with the Charty Commiss￿n. Anyone over the age of 18 can become a member of the Company. exh of whom agrees to contrib￿e £1 in the event of the charity being wound up. The trustee5 are responsible the managemnt of the charty for preparing a trw8tees' annual report and financial sL*ements in accordance wrfh appluble law and Unrted King¢Jom Acwinling Standards. The trustees hekl Six B00rd Meetings during 2021 lof which fve were C(￿d￿ted via 'Zoom'l and exercise prudent financial management at all times wrth up to date fr4ures being circulated between the directors on a monlhty basis. In view of the global l*alth crisis, the Trusfs Annual General Meelirwj was held on 26 June 2021 for the first time via 'Zoom'. Those present mved a motion lo authorise Baity & Griirrth5 to carry out the IndeperKlenl Examiner's Report in respect of the Annual Reprjt and FinarKo1 Staleff*nts for the year ending 31 December 2021. In order to compty wlh Charty Commission requirements Trust has written pOl￿te$ in place on Risk Management. Investment, Safeguardiryj Vulnerable Persons l Beneficiar￿, Confiicls of Interest. Volunteer Man4ement, Code of Conduct, Equal Opportunrt*$, Data PrOteCt￿n, Complain15 Handling, Recruilmenl of Trustees. Heath and Safety and the Acqutsrtion and Disposal of Vehicles. Archive rtem5. Social Media and Volunteer Working during COVIt>19 Restrttrons. A ne4V one on ￿ subject ol Tyre5 was added during the year and these are all updated on a reguL3r basts. Risk Assessments are carried for thtnts which the Trustees arrange and wI￿n considered necessary for outreach activities. Addrtional insurance cover 15 taken out when required. Ad￿n continues to be tsken lo ensure that the Trust c¢)mplie5 with the General Data P￿te¢l￿)n Regulation {GDPR} wh￿h came ir¢lo force on 25 May 2018. Trus¢ees' Induclion and Trainw All new trustees I compary directors are introdLKed to their new ro￿ given Cop￿ of the Trust Deed l Memorandum & Articles of Assc¢ialion and guKle to the poliC￿S ar￿ prccedures adopted by the charity. Publ￿tIonS from the Charty Commi%sion are also provided including the guidance on charities and public benefft. thus ensuring that r*w trustees are aware of the scope of their responsibilrties under the Charities Acl. The process atyted by the charty is that the new trustees work with the existing tru51ees a55i5bng particukr activrties ar¥J projects run by the harity. Once the new trustees have gained enough eXPe￿nCe, they are given the task of leading a particular actNity or project and. accordingly, of reporting progress at the tTUStees' regular meetings. Reserves Policy The Iwslees are respon$ble for setting a Reserve5 Policy wh¢h tskes into account the administrative overheads of the charity. Sufficient reserves are held to ensure that future calls upon the charty can be mel and also as noted under Risk Management. Al December 2021 ￿ charty held t¢)tal unrestricted fuTrJ5 of £25,￿1 and restn¢led fvnds of £126.347. Future Plans The financial statements shvw th* the Trust has continued to prc*Jress satisf&tority durir4J the year and we expect that to continue during 2022, although reserves are likety to reduce again wTrth the continuing professional restoration of the 1956 Leyland T￿er Cub $ingl&deck bus and the repairs and restoration work needed to several of ttro buses. 1414lth the Tram Depot project to be tsken foward when appropriate. these remain challenging but exciting times and the trustees expect lo dernonstrnte further our charrtabl& obj'ectives during 2022. Risk Management The Iruslees have idenlffied principal risk to the chanty is a lack of guaranteed fvnding support, whi¢h ubj result n inabilty to continue to meet its objectv￿. To mitvJale this rlsk, Ihe Trustees plan to build over a time a minimum resefft equal to one year's operational expenditure. Careful annual bu&Jeling. tvJht ￿ntrOlS on expendrture and effective furKlraising from commercial and indivKluals, sponsors arml Charilable Trust are important factors in achieving this goal, and have been pUrsL￿d vigorously in the period under revp*. The Board has currently drawn up a wrrtten risks register. wtih a r￿le of planned mituations for each identffied risk. This wil be discussed. UF%lated and agreed each year. Small Cornpany Provlslons This report has been prepared in xcOrda￿e w*h t1￿ Speaal Provisions for Small Companies under Part 15 of the Companies Act 2(￿16. ees, report was approved ty the lThrd 14 May 2022 and signed on ts behalf by Rthard Worrrk2n Chaimian Leicester Transport Heritage Tntsl knmited Lelcoster TrAnsport H*iii•g• Tr￿lL￿ {a ¢offlpany Ilfflltsd by 9￿1•￿1+*) Reportot the Indppenthrt Examln•rto olthTrcharitsbl* aetounts fov thi y•x •ndEd JI D•E•mbor 1021 report lo the Tntslees on rny e￿nITIat￿￿ slatements0ll￿thor1lab1è cl*Mp￿On p•ae5 11 10 18 Icrf Ihe year eThYed 31 Detefftber 2021 have been Fyyred Yb ChariOesAci 2011 ltsktl 8nd th8 Fin•nty81 Reporbng Standard 102. {effethe 1st Jwuary 20161 as mc#Jthed by FRS 102 SOFIP 1S¢aiemenl of ReCoM￿nded prxt1￿ for Attounbng and Reptirt*4 ty Ch8nt*s1 Z015. ias Igsued In C￿1 2018 And App*8t* 10 81 acrxmting E4riods beginning on or after 151 January 2019}. tTh2 SORPI. wbk51wJ ty the cha￿ In & WalEs ICCEW), ar￿ under thè h5t(x)￿l wsi thFKtwntir¥ Set outon pA9È 1>14. R•spxliwe ￿P0￿bi*l￿8 of¢h• T￿￿tee& lThJ•wfid•r4 Ex•mThrandth• ty• As IhB tharitsb￿ comp•ny's Trusts¢s. atso the Oke¢ws•fts ComFwy pww*s ofComFWry Iw. yw •ro Jn5ibkry lor the ol ltr* finwKial 5tstemert$ vlth the CTrmp¥n*s*t 20C*. the Ch•thsA¢¢ 20118nd all ¢therApplub* b*and ￿11￿ Unrted KI￿ GerthtyAcceptqdfvMyM￿ry Pntr*e. sm81ereniths. sBti3fied thai rmanc￿l slatUr￿￿9￿￿l g tr￿? ar￿ faw ¥1￿￿. Twstee$ ¢ohsidw Ih8t IPe requirorwtal 144(11 oftschwi*sN4 2011 1tsk*) rdWI. th&t there no ￿quirement ￿ the rnemcrwbkn and ofthethwtyknlhe olan•Ai. OfK4th81 the Jccounts &) nul ro anaLklit in accordance*)th Part 16 Olthfy Cx4npaThes Act 2CC45 andthJt no memberor mery*ers rBgJested ￿ OL￿411 pU￿v￿1 TrThJependeni*xamInat￿. elyNe for independenl eYArnMalKffj. it LE my resp￿￿ tc:_ I ￿ne￿I slat￿nentS oflF* ¢h•rty sect￿ 14501t￿ kt bl fi)lIWi￿ 8PF*obk p￿￿￿ra5 in Th"recti￿¥ thB Chwrty w*Jllr5eL*Kffj 145(5)￿) oftheAo*. BA61¥ of Ind•p•nd•r4Ex•ffilMrfs St•i•m•rt•Thd ¥¢•p• alt¥ort I r¢pryt in rtPBCt of my examAl81￿ oftPe fin8ntyo1 $1•tem￿ts C•TrtI out $145 oftheAct. In out my 8xaffl*iation. l trove BpF4ut4p DireGbrffi5 by C￿￿158￿ urwJBr 145151(bl oflhB Acl $8tting oui the dut￿ ol an lnd2p2rykntexarnThr￿ ret31b￿ to Of an mL*per¥*ntex•Ybin•lh)n. exaMi￿￿ty7 des a r8vi6woflhe 8ccouMrvJ wrds ktyt by Ih¢ ch*able C47rnpany olthe xcourttw sy5teffls effl￿0￿*d by Ihe ¢haritatrle company * tomparisoth ot1￿ finan¢481 rrfewi•Y ¥hth th¢8e wt)rds It inc**es (￿￿dErat￿)n of unusual Items or disdosures in finaruil slaiEinen15, w¥J seeking tx¢4analhTh from YLW. as Trusw. ￿?￿eMin9 ts￿h mauers. The Fwpose oflhe examination 15 lo esiabhsh as far as pOsyb￿ Ihal there have tdEathes Dfthwity legi￿all￿ and thal. on lesi ty88i% of evMler5ce ￿￿¥￿tt0 ts amounts IS&c+J￿5 maje. the firAKial Swern￿lS Gcrfn￿y *ith the SORP. The urKlerpxkeTh r￿de 81 the e¥thr￿ Ihat wjuhl b¢ r¢owrÈd In an and Informath￿ SUp￿￿d ty Ihe Tru%tees in the coutstr oflhewrAn8tw rb rot 5ui*c*d to te9ts eryu1￿ and ¢*es ￿ (xy4era15tr* maffers th•1 an L￿rtorwaU1d ojnshyer n arriviry at ￿ opinThi. The C￿￿cl ofan aL￿¢ LKe5 beyryvj Ihe limtttyj aSsL4tw￿e th818n p¢ndent$x8minwn can kwo¥ide. Cortse4uehlty. I do noi express 8n the fA*r*81 $ts*mw. w in plit￿. l exwess no OWn￿n $lo%thelher ￿ fjnanual 51thM￿lI gve a true fairyvwol ts 8ff•r5 of tre thrty. afvj nTry K) Ihe m8ttwg ¥el oul ￿ the Stale￿1 bdow. I pknned and wrfryrned MYe￿n#￿tIOn 50a5 to satsty my5e11lPOt￿ Ob￿￿￿e5 01the •r&8chwd befue finabswe the rewrt l ot4aned7Arfen assU￿￿S IruTr ihe Tntsteesof al matwd Ththrs. Ithdppvr￿￿Dt St•i•wrt RepurtaDd Oplnl• ethanties lAC￿￿nts Reports} Rewktions 2fyJa. to the $￿emer* in *ith SORP 2￿$. ID ¥￿*01 f•ct that Ihe 50RP 2005 h88 aTrJ in orderto current best wactK*. Ihe Trwtees hBve determined ID pweparotr* ststements ￿ Kwd•rdteTrAMh the FRS 102 SORP (sts￿ent of PrAdu for nting aryJ RekK¥bng by CPortr*l 2015. {a5 by Bultrb"n in Cti¢tv 201• to all a¢¢ouni￿ pert¢￿8 tr*ginning w crfafter 1st JaN8ry 20191, WIIP).. I th￿¥[￿04￿, aTrJ ary my r•pxlto I reWatrth)$ 8htyJhJ be re•J iOthise•rml￿t. limrf3t￿Trs upon the 5copeof rny ¥¥Jrk a5 de￿$ aivdB. I rny eXwnirwlw￿ can confirm thal".. The 8¢count5 of ChanIab￿ comw are Mt weqLwEd to t* Pwl 16 Lrfth2 Cornpan*s A¢izor6". o rewt In respectol ¥n ¢att*d tyJl uThJw 145 oftr a￿4 in 9V￿ by Chjrity Cw4m1$8i¢n under se¢bon 145(51(b) oflheAd be ro Ihai M m¥tsli•l h•vecryMY• rny altent•]n ¢he eX4rnIr4￿ gi¥ing M* ¢aW%8 to th* Trl ¥ty rnatenal resped".- l. attounliThJ rtt¢rd$ we ￿ Wt in reqwed ty Secitii Crynpan*JAct 2008 orrt1 SeC1K￿ 13D DfTh chart￿ Act 2011". 2. the finanual slalements do Mt aLY>yd￿th tecorts. or 3. finantyal $wemonts do And c￿l•Trt ol%¢ount5Sgt (¥Jl Wb can5￿Yer4d as part olan iTrJewThleni eyArniTration" 4. havÈ nDt bpén pry￿1 in tho mÈtWs Pn￿$ètauE In the FRS 102 SORP {Statemtnl Rewrnmeryjed P￿ctiL￿ lUrArKty￿rtry axl Chall￿) 2015. la5 amenLW Oy fv B￿le￿n irt 0￿00$f Xt18 •hJ 4Fvkat4p b •1 Fw*>Js t••NMng 1st 20191. SORP). J A FFA FIPA FFTA Baley & Griffith5 L*mit*J IThc8 17 Th*Alk￿ Bu Lvhtr BorAJ sirwi H￿¢￿•Y LEIQ TQU 12 MBY 2022 10 Leicester Transport Heritage Trust Umlt {* company Ilmlted by guarantee) Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 December 2021, as required by the Companies Acl 2D06) nrestricted Funds 21r21 Restr￿ed Note Tolal F 2021 l Funds 2020 2021 Income and Endowments Ivom: Donations and legacies Charitable aclivities: ACt[￿t￿S for generating funds 41,016 4.603 45,619 58,315 19.774 3.764 23,538 19.911 Investment ￿orne 63 206 Total income 60.853 8.367 69.220 78,432 Expenditure on: Raising funds 3.401 3.401 Charitable activibes 25.017 30.652 55.669 58,883 Tolal expenditure 28.418 30,652 59,070 64,347 incomelexpenditure for the year 12 32.435 -22.285 10.150 14,085 Transfer5 between funds -29.000 29.000 Net movemenl in funds 3.435 6,715 10.150 14.085 Re￿ncIlIatk>n of funds:. Total funds brought foThYard 21.626 119.632 141,258 127.173 Total funds carried ft*mrd 25.061 126.347 151.408 141.258 All v£tivities derN8 frL%n continuing ¢)pera1K￿s. The r￿leS foTh an integral part of these &counts. Lelcester Transport Heritage Tru￿ Limited {a company limited by guarantee) Balance Sheet as at 31 D•cember 2021 nreStr￿ted funds ReslrKted 2020 Fixed assets Tangible assets 78.956 78.956 72,956 Current assets Debtors Cash at bank and in hand 4.297 29,789 34,086 450 4,747 76,7S4 81.501 8.008 70,735 78,743 10 47.415 Cr¢di¢or¥'. amounts fallirvj due within or* year -9,025 44 -9,049 -10,441 Net cuirent assets 25,061 47.391 72,452 68.302 Total assets less current liabiliti8s 25,061 126,347 151,408 141,258 The totsl net assets of the charity 25,061 126.347 151.408 141,258 Charity funds Unieslricled funds Restricted funds 2S.061 25,C%1 126,347 21,626 119.632 126.347 Totsl funds 11 25,061 126.347 151,408 141,258 The directors Bre Satisf￿ that the company entrtled to exemptmin Irom the requirement to obtain an audbt under sectKJn 477 of the C(ynpanies Act 2006. The members have noi required the company to oblain an athlit in accordance ￿1th 476 of the Ael. The directors acknowledge their resFonsfoflities for Comp￿ry with the requirements of the Companie5 Act 2006 wth respect lo accounting records arKI the preparaticm of &counts. The charity is subiect to Independent Examinat*Jn Un￿ charity legislat￿n. WKI the report of the Independent Examiner i% on pages &10. The financial slatements ha¥e been prepared in xcordarte with the pmisws in Part 15 of the Companies Ad 2006. applicable to compan*s subj'ect to the small companies regime. R J Worman Chairman 14 May 2022 12 Leicester Transport Herltage Tntst Limited (a company Ilmited by guarantee) Notss to the Accounts for the year endod 31 December 2021 1 Accounting polkleg Basls of prepardtk•D and accountlng conventlon The financial statements of the charitsble company. wh￿h is a publK benefrt entity under FRS 102, have been prepared in &cordance with the Chèrilies SORP {FRS 102) 'Accounting and Reporting by Charrtw.. St*ment of RecommerKled PraCt￿e applKable lo charities preparing their accounts in ac¢ofdan¢e wrth the Fir4wKial Reporting Standard applicabk in the UK and Republic of Ireknd IFRS 1021 leffectNe 1 January 20151'.The Finanaal Reporting Standard 102 The Financials Reporting Standar(l applicable in the UK and Rewblr of IreLgnd and the Companies Act 2006. The financial ststements have been prepared under the historical cost nvenlion. Financial reporting 102 - r￿Uced dlsclosurn exemplions The chafty ha5 l&ken advanlage of the fd1ov￿ng discl)sure exemption in preparing these financral sL*ements, as pemirtted by FRS 102 The Financ￿ Reportin9 Slandard applicable in the UK and Republ￿ of Ireland.. - the requrrement of Sectton 7 Statement of Cash Fby Income recognition All incoming resources are recognised in the Statement of Finanek4 Actwrt￿s once the charity has enlidement to the furhys, it is probable that the income will be receNed and the amount can be rnea5ured ￿llabty. Voluntary income is received by way of gffts and i% InchKI￿ in full n the st*ement of Financial Activrties when receivable. The value of w¥ices provided by v￿unteerS has not teen induded. No amount included in the financral ststements fly volunteer time in lin with the SORP FRS 102}. Further details a￿ gNen in the Trn￿tee5 Annual ReF4)rt . Fixed assets gifts in kind are recc*3nised when r￿e1Vable and are inC￿ded at fair value. They are not deferred over the lrfe of the asset. For legacies, entitlement is the ead*r of the chanty being notfftd of an imrthding distribution or the legacy being received. At this ￿￿t irKome is recojnised. On ¢xc•sN)n legacies be noIrf￿d to the charty h￿*eVer it ￿ ￿t possible lo measure the amount expected lo te distribuled. On these occasrons, the legacy is treated as a contingent asset and disclosed. The charty receives government grants in respect of repair of the buses. Income from government grant and olher grants a￿ recognised al fair values ￿￿en the charity has entrtlement. The grant is recogni*J when it Is probable Ihal tt* iruwne will be received and the* amount can be m&35ured relw. Expendilur• recognltion Lwbilities are recognised as expendrture as s￿￿ as there is a legal or constwctive obligation committing the charty lo Ihal expenditure. rt is probable that a transfer of economic benefrts wll be required in settlement and the amounl of oblbJalion can be measured reliabty. Expendilure is accounted for on an accnjals basis and has been Classrfied under heading5 that aggregate all cost related to the category. Where costs cannot be directty altribLrted to partKukr ￿eadingS they have teen allc¢ated to actmties on a basi% consislenl with the use of resour￿. 13 Leicester Transport Herftage Trust Limiied (a company limited by guarant••) Notes lo the Accounts for the year ended 31 December 2021 Accounti Ol￿re5- convd Tanglble Fixed Assets and Depreciation Tangible fixed assels are capitali$ed aThJ included at cost or valL￿1￿)n logether with any incidental expenses of acquisition. No depre¢pt￿n is pr¢)VKled on motor vehicles, as in the opinion of the Trustees there is no pemianent diminutk)n in value of these assets as a result of extens￿ maintenance arKI restorat￿￿ of Ihe yeh￿leS cwied by the Trust. Depreciation is p￿Ided on other fixed assets at rales calculaled to vnite off Ihe cost less resbjual value of each asset over its exF*Cted usefvl lite. as folkThs: Fixtures and frttiros 25% w cost Taxalion The charty is exempl fr(xn corporatsn tax on rt5 tharItab￿ xtNiks. Deblor5 and creditots recefvablelpayable within one y Debtors and Credito￿ are sLtsJ at trans&bon pri￿. Cash and ush equivalents Cash and cash equivalents ￿mprISe cash on hand cash on depos Funds accountlng Restricted funds are funds th81 can onty be used for part￿￿￿7r restricted purpose within the objects of the charty. Reslriclions anse when specrfied by donor or when funds are raised for a partKyL4r restrKted purpose. Unrestricted funds are irthming resources receivab￿ for expenditwe on the general objectives ofthe charty. Transfers be￿￿efi fvnds are made where r*cessary. Designated funds comprise unrestitted funds thal have been set askle by the trustees for parti¢ul¥ purFwe5. The aim and use of each designated fund is Set out in the r￿leS to the financk41 statements. Further expLanation of the nature arml puw of exh fur)d is i￿l￿d￿j in rhjtes lo the financial $tst￿nents. Leases Rentals payable and receivable under cferth'ng knes a￿ charged to t1￿ SOFA on a slraighl line basis over the perth of the lease. Going concem The financial slalements have been prepared on a gJing concem basis as the trustees believe that no material uncertaint￿5 exi%L 14 Leicestsr Transport Heritage Tn￿t Lirnit•d la cornpany Ihnited by guardntrel Not•s to the kcounts forthe ended 31 O•c•mb•r 21121 2 Donation• and legaclg8 Unrnstrth Restrkted Tol•l ilnre8tiicted Restrl¢ted Funds Funds 2021 Funds Funds Total 2020 t%)nah'ons and ￿g8￿e9 Grants. award5 and 5ponsorsh¥J (￿A#j 14.158 22.728 4.130 18.603 22.886 4,130 76.764 20.263 14.050 30.814 20,263 7,238 158 41,016 45.619 44.265 58,315 3 Charitabl8 actrilw• Total 2020 Funds Fund8 2021 Fund• Funda Activities for generating fvftds Membetship SUb￿riptonS Reni Entrante fees Sales Mert*rs l)ttery 4.71M) 11.520 5,121 10.320 5,121 10.320 50 11.520 2,871 3,%9 1,384 3,036 3.036 19,774 23,538 16,875 3,036 19,911 4 InTrtskn*nt income Unrestricl•d RestrKted Funds Fund5 Tolal 2021 Unrestii¢ted Restricl Fund$ Funds Totsl 2020 Interest receNab 63 206 2C6 S Raising fund unreStrfct￿ Ro8trl•d Total Unrestrictod R•8trlthd Funds FundB 2021 Funds FundJ Totsl 2020 Mleage experws Publications Advertising, subs & donat#)n8 Goods purchased for resa Bank charyeslPaypal 1,089 1.500 $27 285 1.459 1.990 745 1.270 1.459 1,990 745 1.270 527 285 3.401 3.401 6 Charitalth •ctr Unrestiictsd Restricted FuNIs Funds Total 2021 lknre8lrict•d Restricted Fund6 Fund Total 2020 Acti¥iti•s for 9￿￿￿ting funds Rent F￿1 Re5t0rath?th￿terlaLS Roèd tsx InsufanL> Breakdown insurance & MOT Towinglrecovery Members meeb"ThJ c4sts Archive IteTr utilit￿S- ek8ctrK Members lottery prize$ Website Support costs stat￿nery, postage & consuma￿8$ Sundr*s Independent e￿n￿￿[S lee$ Professional f88S 15. 14.622 527 11.017 154 1.324 1,287 30,190 S49 15.783 154 2.435 1.287 12.930 14,321 27,251 140 12,315 270 2.238 785 311 318 9,861 743 750 258 278 12.037 270 1,256 785 311 1,111 982 734 787 318 787 184 750 9.861 143 750 750 1,219 1.219 110 1.380 13 1,112 751 1,112 751 1.380 1.OCbJ 13 25.017 30.652 55.669 19.CM)9 39.874 58,883 15 L•icester Tr¥n¥port Heritage Trust Limll•d {• ¢ompany limited by guarantee) Not•s to thè Aeeounts for ye•r ended 31 December 2021 7 Fixed assets At cost or Accumul•ted luation AddilionJ Di*ptisals depreciation 2021 Totsl 2020 Totsl Plolor vehlele* Leyland Tiger Club OJF 191 Leyland Tiger PD3 264 ERY Leyland Atlantean PBC 113G Metro Scania ARY 225K Dennis Dominator UFP 233S De￿IS Dominalor TBC 50X Ford Van PRY 8Ck8 BMMO S22 PHA 505G Metr¢polrtan UFP 175S Leyland Otympian A502 EJF Leyland Titan PD2 FJF 193 Scania L113 CRLS350 MFP Kirby & West Milk Float WRY 342 F￿tureS & fittings Leyland Titan PD3 GRY 60D BMMO D96314 HA Leyland Leopard BAH 80 1,539 10.(#JO 517 5,(K)O 5.000 5,500 1,900 10,000 2,000 2,000 20,000 5.000 500 10.(0) 517 5.O¢XI 10,COJ 517 5.500 1.900 10.000 2,000 2,000 20.000 S.(KJO 500 lo.c￿) 145 145 3,(M)O 1,000 6,000 3,000 1,000 73.101 145 78.956 72.956 The mathet vabje ofthe rnOt￿ vehiL*s have Th)t chanwl sir￿¢ ￿st year •yJ ttrweftye no al'ustments were requi￿ io be made in Ihese accounts acciwdtngty. The Le￿and Leopard BAH 809X was added in April 2021 al mwket vak*. B Debtor¥ Total 2020 Funds F￿d5 2021 Tr•Je debtors Grants receivawe Prepayments Tax ￿fUnd feceiva 624 1.891 526 1,706 1.891 4,629 1.7C 2,495 4.297 4.747 8,008 9 Cr•ditorn.' amounts falling due wilhin one year Unrestricted Restricted Fund¥ Fund5 Totsl 2021 Total 2020 Membership subscript*)ns recei¥ed in athlance Rent recei¥ed in advance Independent examiners lee 8wk keeping Profess¢onal fee5 Sponsorship in •th4arte El*¢trW- tram shed 4.165 4.165 2,880 1.380 2.880 1.380 1.380 200 400 24 200 1.500 21 400 24 9,025 24 9,049 10.441 16 Lei¢e$t8r Transport Heritagtr Tntsl Lknlled la company limlted by guarantee) Notss to the Accounts for year end￿ 31 (knemb•r 2021 111 Funds of the CtrArity- Allocatlon summary Unrestricted Restricted Funds Funds Total 2021 Totsl 2020 General aceount Rent account chive Tram Depot FJF 193 OJF 191 PRY 808 264 ERY 6314 HA GRY 60D PBC 113G PHA 505G ARY 225K UFP 175S UFP 233S BAH 809X T8C 50X A502 EJF S350 MFP 31.206 2.880 31.2(6 2,880 1.019 6,500 29, 166 2,880 1.097 9,732 1,619 14,249 663 1,653 3,425 1,611 1.2S4 561 1,703 2,067 2,816 1.019 6.500 15.382 15,382 663 1,494 1.494 3,386 1.075 176 1.467 2.368 3.929 1.580 1.690 2,140 1.040 1.075 176 1,467 3,929 1,690 2,140 1,686 1,473 1,066 34,086 47.415 81,501 78,743 Tho above balances split as ftAIows: Unr•stiicted Restricted Totsl Funds Funds 2021 Totsl 2020 Doblors Cash at bank 4,297 29.789 450 46,965 4,747 76,754 8,008 70,735 34,086 47,415 81,501 78,743 11 Mov•fflort In fund5 N•1 Transfvr As at movement bet￿ Asat 0110112021 In funds l￿d% 3111212021 Unrestrlcted funds General fund 21.626 32,435 -29,0 25.061 Restricted fund Restn"¢ted funds 119,632 -22.285 29,C 126,347 141,258 10.150 1 $1,408 17 Leicester Transport Heritage Trust Limrt•d la company limited by guaranteg) Notes to the Accounts for the y￿1 ended 31 Oe¢ember 2021 12 Nel n￿ement In lunds. Includ￿ In the alx•ve are as follows: Incoming Resourc•s Movernent resources expended in funds Unrestricted fvnds General fund 60.853 -28.418 32.435 Restricted funds Reslllcted fund5 8,367 -30.652 -22.285 69.220 -59.070 10,150 Restricted fun The restricted funds are made up of tangible assels as in r￿le 7 of £78.956 a cred￿Or of £24 in note 9 plus funds baknce in note 10 of £47.415. Transfers made bets￿eTr the unreslrided and restn.cted fvnds durirwJ the year was £29.000 to c(wer the OVersper￿ in the restricted funds. 13 Stock stock of publulKn$ and go¢>Js for resale are pnmlendy written off when wrchased, the value of st