Lliiildins for the futLire by learning from the past Leicester Transport Heritage Trust Limited Company Limited by Guarantee Report and Accounts 31 December 2023 Charity number 1124024 Company number 06406326
Leicester Transport Heritage Trust Limited {a company limited by guarantee) Report and a¢count$ for the year ended 31 December 2023 Contents Page Legal and administrative information Trustees. annual report 2to8 Indepen(lent examlners report gto 10 ststement of financial adivities Balance sheet 12 Notes to the account8 13to18
Lelcester Transport Herltage Trust Llmlted {a company limited by guaranteel Legal and administrative information Charity number 1124024 Company number 06406326 (England and Wales) Governing instrument The Memorandum and Articles of Association Company secretary C D Jinks TrusteeslDirectors R J Worman - Chairman M W Greenwood C D Jinks A P Newland A G Tucker T P Follows R H Bruce Registered office 8 Ingrams Way Wigslon Leicestershire LE18 3TU Independent examlner J A Bailey FFA FIPA FFTA Bailey & Griffiths Limited offi 17 The Alkins Building Lower Bond Street Hinckley Leicestershire LE10 1QU Bankers Natwesl Bank plc. 1 Granby Street Leicester LE19GT
Leicester Transport Heritage Trust Limited la Company limited by Guarantee) Report of the Trustees for the year ended 31 December 2023 The Trustees who are also the directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The Iruslees have adopted the provisions of Accounting and Reporting by the Charib'es". Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20151. Introductlon The year saw a full return to normality following the end of the COVID-19 global health crisis which Meant that the Trust could continue with its activities without any restrictions. The directors (also the trustees, for the purpose of charity lawl who served during the year were.'- Richard Worman (Chairman and Restorations Director) Chris Jinks (Director and Secretary) Peter Newland (Finance Director) Mike Greenwood (Director of Archives and Research) Andrew Tucker (Sales Director) Trevor Follows (Director) Richard Bruce (Events Director) Nigel Eggleton continued as President. Under the requirements of the Memorandum & Articles of Association, the Honorary Secretsry and Honorary Treasurer have lo retire in alternate years, each holding office for a year term. At the AGM held in June it was the Honorary Secretary (Chris Jinks) who was required to retire. In addition. two of the ordinary directors are required to retire each year and at the AGM it was Mike Greenwood and Andrew Tucker who retired. However, all three of the aforementioned persons were duly re-elected. Public Benefit Our Pur oses and Ob'eclives The purposes of the charty are-. 1. To advance public education by establishing and maintaining for the benefit of the nation a permanent display of historic commercial and public carriage vehicles at a Museum in Leicestershire and for the like purpose to promote a permanent preservation of all historic commercial and public carriage vehicles and equipment, and items of general transport interest of actual or potential historic or SentifiC importance and educative value., and 2. To exhibit to the public any such vehicles, equipment and items as aforesaid by means of temporary or permanent exhibitions and to demonstrate and assist in demonslraling lo the public the working and operation of any such vehicles, equipment and related items by means of static or mobile displays and by carying the public on such vehicles or otherwise. Our vision of establishing a permanent museum remains a key objective. During the year the Trust undertook further remedial work and assessment on the Stoneygale Tram Depot and the building was once again opened to the public las described later in this report). The trustees therefore believe that, under the circumstsnces, our charitable purposes and objectives continue to be successftjlly met. The trustees have had regard to the guidance provided by the Charity Commission on public benefit reporting.
Achievements and Performance Bus & Train S e¢la¢ular This yearfs main event look place In September Iposlponed from the May Coronation weekendl when 2,382 passenger trips were recorded lanother new record) of which 185 were children carried on five different routes. There were over 50 buses in attendance whilst 35 volunteers helped out on the day, boosted by excellent and varied ealering facilities. 'Browns Blue Turns Midland Red" This event took place in March over two sites, namely Snibslon Colliery Park al Coalville and Sunnyside Garden Centre, Ibstock. 2,112 passenger trips were recorded of which 253 were children carried on several routes covering the two sites. Workin Relationshi with the Great Central Railwa The Trust was able lo provide volunteer assistance during six further days of GCR organised events. Local Communities During the year the Trust engaged on educational visits lo Broom Leys Primary School, Coalville and Hall Primary School, Glenfield, both which were very well received. In September, in response to a request from the Rotary Club of Oadby, the Trust was able to pick up members of a local Dementia Café group in a heritage bus, bring them lo visit the tram depot and then return them using a second heritage bus. Also in September, al the invitslion of Braunslone Civic Cenlre, the Trust put on a display of public transport material which was appreciated by local people and the Braunslone Town mayor. In November, a Trust director allended a meeting at the office of Serendipity which is a local Institute for Black Arts and Heritage. The idea is to develop the desire to celebrate the wide diversity of Lei¢ester's transport workers. Website and Media Ex osure We continued to receive many enquiries and feedback through our revamped website and were pleased to report that there were 7,778 visitors to the website of which 4,228 were from the UK. The figure for UK plus USA and Canada was 6,958. The Trust's Facebook page had increased lo nearly 4,000 followers around the end of the year (with 3,782 of them based in the UK - 1,222 in Leicestershirel and there were 567 followers of the Trust's X Iformerly Twitter) account. Within the website, a "Members Only area was created to give members updated information regarding events, bus restoration and archive matters. 'Dennis.n.friends" Initiative Following the selling up a new platform by one of our youngest members, Emily Vvhillam, aimed primarily al encouraging young families lo get involved with the Trust, Emily produced books for children entitled 'Dennis' Big Night Our, and 'Ruby's Race. based on the 'busonalities" which she had previously created. During the year, grants lotalling £1,250 were received from First Bus to assist with the publications whilst Arriva provided £100 for school educational materials. In October, al a prestigious event held at The Century Theatre, Coalville Ihosled by a Trust member), the LeIstershire & Rulland Heritage Forum recognised Emily's"Dennis n Friends. initiative by handing out a 'Highly Commended" award to the Trust in the"Working with Children and Young People" category. Stoneygate Tram Depot The Trust continues lo lease the building on a peppercom rent basis with an option to purchase the freehold title from Leicester City Council for a nominal sum when the Trust feels that it is appropriate lo do so. Nevertheless, the council's Estate & Building Services department are very much aware that the building appears on two of the council's local heritage lists and have continued lo negotiate with their own contractors lo provide the Trust with the necessary assistance to ensure that the exterior of the building is not allowed to deteriorate, with particular attention to the roof slates, guttering and repointing of walls.
Even so, the Trust fell il necessary lo pay out sums lo contractors for work done on clearing gullers, downpipes and rooflighls whilst a Trust member put in a new window for the outside toilet and provided access doors across the entrance lo the undercroft. Members of the fundraising team were delighted lo report some success in bidding for funds for the first stsge of cleaning the inner walls of the depot. Amounts received lin chronological orderl included £1,000 - Helen Jean Cope Charity of Loughborough £ 750 - Florence Turner Trust £2,000 - Ludlow Trust lon behalf of Edith Murphy Foundation) £ 400 ASDA Foundation (with a'presentalion cheque. function held at the depot). The doors of the tram depot were once again opened to the public during the year when there were opportunities lo sell Many donated models and second-hand books as well offering some interesting new displays. In June, a sample bay section of brick wall panel and pillar underwent the aforementioned cleaning process to show what the building could look like if the process were to be repeated throughout. This was appreciated by visitors throughout the year. The first Tram Depot open day of the year was the Bank Holiday Monday of the Coronation weekend in early May when 375 visitors came through the doors. The second open day in June coincided with the Clarendon Park Festival when 277 visitors arrived. The third open day in July was a themed event focusing on electric vehicles when 111 visitors attended. The fourth open day in August coincided with the Oadby Molorfest when there were 283 visitors. For the first lime, an admission charge of £2 (children freel was made for the above four events while the fifth (Heritage Open Dayl event in September was free of charge and attracted 241 visitors on a boiling hot day. Beeen 10 and 17 volunteers attended the various events. Vehicle Collection At the end of the year, the Trust's vehicle collection remained al sixteen, of which fourteen were buses. It was pleasing to see several of the Trust's vehicles carrying passengers al many events, notably ' TBC 50X, FJF 193, ARY 225K, UFP 233S, 264 ERY and PHA 505G although much lime was expended by volunteers in ensuring that these vehicles remained roadworthy. It was also pleasing lo note restoration progress on the following vehicles owned by the Trust : GRY 60D.. A 1966 Park Royal bodied ex-Leicester Cty Transport Leyland PD3 saw further work done by volunteers. Work concentrated on the front offside and nearside wheel arch areas, cab and exhaust including the fitting of a new electrical control box. OJF 191." Further progress was made on the long term professional restoration of the 1956 Leyland Tiger Cub singleCk bus continued in Slaffordshire with a total of £3,845 expended during the year including £1,560 for work on the radiator. 6314 HA.. A 1963 ex-midland Red D9 saw the bus stsrted for the first time in 40 years using a new fuel pump during April. It is hoped that the bus may be moved to the main vehicle storage centre during 2024 for further work to be carried out. A502 EJF.. A 1983 ex-midland Fox Leyland Olympian saw some work finally being started with the refabricalion of front chassis outriggers. As well as the restoration work, Maintenan and repairs lo the running fleet were carried out during the year. Vehicles were rotated beeen the storage cenlres during the year lo fit it with the timetabling for proposed future resloralion and maintenance work. Other Rallies and Events Vehicles owned by the Trust or its members appeared al many events during the year including Delaine Running Day al Bourne (April) Wylhall Busfest at Gaydon (July) Rugby Heritage Open Day Iseplemberl Northamplonshire Heritage Open Day at Daventry (September)
Documentary Film In August the Trust was able to provide its open-top double-decker1264 ER Y) lo assist Fresh Start Media la BAFTA award winning UK based production company) in making a film documentary for Sky Kids entitled COP28 to focus on wildlife conservation. In particular, the film Company wanted to concentrate on Leicester's revolutionary wildflower topped bus shelters. An open-topper therefore provided a great filming plarform. Archive and Archive Storage Areas Items added lo the collection during the year included First World War Medals and Memorabilia relating to ex-tram driver and gunner W.H. Neale who appears on the War Memorial (see separate paragraph below) Oil Painting of a Tram Midland Red Destination Blinds Slide Projector, Slides, Photographs, Negatives, Badges, Timetsbles, Maps, Books, Models, Uniforms. The most vulnerable and important archive items continued lo be kept in storage in the city centre location (rental charge £2,000 per annuml whilst many other items were stored (free of charge) inside a large lent al the tram depot in archive specified storage boxes. Vehicle Storage Centres By the end of the year, the Trust's vehicles were all stored in Leicestershire across four sites Inol including the long term professional restoration in Slaffordshirel. The rental payment for the storage of the vehicle land archive) collections continues lo be the Trust's greatest financial burden. Indeed, the rent paid out for the main storage site increased from £360 to £480 per quarter for each bus stored there with effect from July. Accordingly, the acquisition of a freehold sile, where the whole or part of the collection can be housed and displayed to the public Continues to be a lop priority for the Trust and possible opportunities are continually being assessed. Throughout most of the year, Trust volunteers continued lo spend their Saturdays land some midweek days) at one or more of the current vehicle storage centres, either undertaking restoration work or carrying out essential maintenance work. Their assistance- sometimes in freezing conditions was once again greaUy appreciated. War Memorial The War Memorial, commemorating Leicester Tramways and Electricity Department workers who gave their lives in the two World Wars, continues to reside in the hallway of the deconsecrated chancel at the rear of All Saints Church, Highcross Street, Leicester where it is cared for by members of the Leister City, County & Rulland At Risk War Memorials Project pending its full resloralion. 11 is likely that this society will be moving its whole collection to an improved site in 2025. Members We were pleased able to recruit 20 new members which look the total up to 230 although there were 48 members who had not yet renewed by the year end. The monthly social meetings at Braunslone Civic Centre continued throughout the year whilst monthly 'Zoom' meetings were also held from January lo May and from October to December (when there were fewer events being organised, allowing time for such meetings). The popular high quality quarterly journal for members I"Leicesler Wheels I was produced in March, June, September and December by a new editor, Stuart Render in a new A5 booklet formaL A coach trip lo Nottingham City Transport look place in June when 25 enjoyed a day out with a warm welcome by the hosts. 11 is, however, sad to report that during the year we were advised of the deaths of members Alan Briggs and Christopher Carter lalso known as Chris Wrighll who had been great supporters of the Trust.
Oryanisations of which the Trust is a Member The Trust remained a paid-up member of the following organisalions '_ Association of Independent Museums IAIMI Dennis Bus Owners, Association East Midlands Museums Service IEMMSI Ford Sidevalve Owners, Club Leicestershire & Rulland Heritage Forum ILRHF} National Association of Road Transport Museums INARTMI National Transport Trust (formerly the Transport Trust) Stoneygale Conservation Area Society ISCASI. The Trust is also represented on the Land Transport Archive NeOrk ILTANI which ulilises the 'Zoom' virtual meeting plattorm. LTAN is part of The National Archives. The Trust also works closely with The Bus Archive. Buslness and Communlty Relatlonshlps The Trust continued lo work with major local bus operator First Leicester and the Great Central Railway. The Trust was also represented in April and November al meetings chaired by the City Mayor on behalf of the Le1$ter City Council's Heritage Partnership. Three directors also attended the first face-to-face meeting since Covid with the City Mayor in July. In December, three directors had a meeting al the King Power Stadium with a view to holding a major event there in July 2024 to commemorate the 1 Ooth anniversary of municipal motor bus operation In Leicester. The meeting was extremely positive with some of Leicester City Football Club's'care In the community" operations mirroring our own. Hopefully, we will be able lo build the relationship further, with a Trust director working with club historian, John Hutchinson, lo produce a piece for the final LCFC matchday programme of the season in May 2024 charting the history of football specials instigated by Leicester City Transport. Local firm, Aspects Engineering Limited, sponsored a workshop space at our main vehicle storage centre. Other Publications Three Trust directors and a further Trust member helped in providing and editing text for 8 new book by Colin Barker entitled 'Leicester Tramways" which was published by Middleton Press. Financial Review Once again, the trustees consider the financial result for the period was good as a result of continued careful management of expenditure during the year. Membership fees and donations remained our Main source of steady income, with some of the latter being in respect of specifi'c projects which are shown within restricted income funds in the accounts. The remainder were of a more general nature and most were available for Gift Aid. Happily, sales income also flowed in with the reinstatement of events throughout the year. Out of pocket expenses incurred by directors and members were On again reimbursed by the Trust on production of the relevant receipts. Some of these amounts were donated back (along with all amounts in connection with mileage claims). The opportunity lo transact business by card was appreciated more and more by the public, particularly at our events. Paypal payments continued to be accepted with the balance being transferred to the current account al the end of each month. During June, most of the monies lodged with Virgin Money were transferred back lo the Natwesl reserve account lo take advantage of better interest rates. The Trust's funds were enhanced by a generous £10,000 legacy in January from former member John Page who died In 2022. The legacy is reslricled lo the extent that it may only be used for the maintenance and running of the Trust's own working vehicles. An overall surplus of £3,563 arose lafter end of year provisionsl after spending £21,502 on 8cifiC projects.
Transfers from the General Fund were made during December lo ensure that none of the specific funds were in deficit at the year end and il is anticipated that this practice will continue ft)r the foreseeable future. Total restricted funds for specific projects at the end of the year were £119,666 leaving £30,992 in unrestricted funds, but prudence in the use of funds remains important. Following the increase in rent al our main vehicle storage centre, a figure of £3,840 is held in the Rent Account, being advance payments from private vehicle ()wners. No endowment funds are currently held by the Trust. There have been no significant events which have affected the fi'nancial results during the year. The principal risk faced by the charity would be the loss of storage accommodation for its vehicles and archive items, and the trustees are fully aware of the need to manage this risk and remain vigilant in seeking a long-term storage solution. Structure, Governance and Management Trustees, Responslbllltles. Management and Oryanlsatlon Le1$ter Transport Heritage Trust Limited is a company limited by guarantee governed by ils Memorandum of Association dated 29 September 2007 and ils Articles of Association dated 27 May 2017. It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a member of the Company, each of whom agrees to contribute £1 in the event of the charity being wound up. The trustees are responsible for the management of the charity and for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards. The Iruslees held eight face-lo-face Board Meetings during 2023 and exercise prudent financial management al all limes with updated figures being circulated beeen the directors on a monthly basis by Finance Officer, Vivienne Edwards. Portable Applian Testing was carried out in December. The Trust's Annual General Meeting was once again held in person on 10 June 2023 with a total of 34 in attendance. Those present moved a motion lo aulhorise Bailey & Criffilhs lo carry out the Independent Examiner's Report in respect of the Annual Report and Financial Statements for the year ending 31 December 2023. In order to comply with Charity Commission requirements the Trust has written policies in place on Risk Management, Investment, Safeguarding Vulnerable Persons l Beneficiaries, Conflicts of Interest, Volunteer Management, Code of Conduct, Equal Opportunities, Data Protection, Driver Responsibility, Complaints Handling, Recruitment of Trustees, Health and Safely and the Acquisition and Disposal of Vehicles, Tyres, Archive items, Social Media and Volunteer Working during COVID-19 Restrictions. New policies being created or amended include Collections, Drivers, Environmental and General Safeguarding. Risk Assessments are carried out for events which the Trustees arrange and when considered necessary for outreach activities. Additional insurance cover is taken out when required. Action continues lo be taken to ensure that the Trust complies with the General Data Protection Regulation IGDPRI which came into force on 25 May 2018. Trustees. Induction and Training All new trustees I company directors are introduced lo their new role and given copies of the Trust Deed l Memorandum & Articles of Association and guide lo the policies and prOdureS adopted by the charity. Publications from the Charity Commission are also provided including the guidan on charities and public benefit, thus ensuring that new trustees are aware of the scope of their responsibilities under the Charities Act. The process adopted by the charity is that the new Iruslees work with the existing Iruslees assisting on particular activities and projects run by the charity. Once the new trustees have gained enough experience, they are given the task of leading a particular activity or project and, accordingly, of reporting progress at the Iruslees, regular meetings.
ReseNes Policy The trustees are responsible for setting a Reserves Policy which tskes into a¢¢ount the administrative overheads of the charity. Sufficient reserves are held lo ensure that future calls upon the charity can be mel and also as noted under Risk Management. At December 2023 the charity held total unrestricted funds of £30,992 and restricted funds of £119,666. The restricted funds Include £78,956 in respect of the valuation of the vehicle colle¢lion. Future Plans The financial statements show that the Trust has continued lo progress satisfactorily during the year and we expect that to continue during 2024, although reserves are likely to reduce again with the continuing professional restoration of the 1956 Leyland Tiger Cub single-deck bus and the repairs and restoration work needed to several of the buses. With work on the Tram Depot being taken forward as soon as possible, these remain challenging bul exciting limes and the trustees expect to demonstrate further our charitable objectives during 2024. Risk Management The trustees have identified the principal risk lo the charity is a lack of guaranteed funding support, which could result in inability to continue lo meet its objectives. To miligale this risk, the Trustees plan lo build over a time a minimum reserve equal lo one yearfs operational expenditure. Careful annual budgeting, tight controls on expenditure and effective fundraising from commercial and individuals, sponsors and Charitable Trust are important factors in achieving this goal, and have been pursued vigorously in the period under review. The Board has currently drawn up a written risks register, with a note of planned mitigations for each identified risk. This will be discussed, updated and agreed each year. Small Company Provisions This report has been prepared in accordance with the Special Provisions for Small Companies under Part 15 of the Companies Act 2006. The trustees, report was approved by the board on 1 May 2024 and signed on its behalf by Richard Worman Chairman Leicester Transport Heritage Trust Limited
Lolt88t61 Transport Horltag8 TIu8t Llmlt8d 18 company Ilmlt811 by guaranto01 R8port of tho IndoPOt)d81)t Examlnorto tho Trust808 of th8 charltabl8 compat)y on tho a¢Unts forthe yoar 8nd8d 31 DecembÈr2023 I report lo the Ttuslees on my examination of the finanual statements ol the charitable company on page5 11 to 18 forthe year ended 31 Dember 2023 vthich have been prepared in acCOrd3n wilh the Charibes Act 2011 Ilhe Acll and with the Finanual Reporting Standard 102, (effective 1st J£nu3ry 20161 a5 modified by FRS 102 SORP IS13temenl of Recommended Prathce lor Accounting and Reporting by Chariliesl 2015, las amended by Ihe Bulletin Issued In Dclober 2018 and applicable to all 8ccounli periods beginning on or after 1st January 20191. (The SORPI, published by the Ch8rity Commission in England & W8ks IC¢EW and under the hi51oric81 cost convention and the accounting policie5 set out on page 13-14. R8spo¢iivo ro8POll8lbllltl08 of th? Tru8tg89 and tho Indepondot)t Examlnorand th8 ba818 of tho roport As the charitable company's Tslee5, who are a150 the Directors of the Company forthe purposes of Company law. you are responsible forthe preparation of the financial statements in accordan wlh the Cotnpanies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom fnerallY ACpIed Accounting Practi. applicable to Smal[ entities. and for being satisfied that Ihe financial slalemenls give a true and fail view. The TTuslees consider Ih3t the audit requirement of Section 144111 of the Charities Act 2011 Ilhe Actl does not apply, and that there is no requirement in the memorandum and arkncles of the charity forthe conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 20 and that no member or members have reque51ed an audit pursuant to Section 476 of the Companies Act 2006. As a consequen. the Trust&s have elected that the finanal statements be subject to indetendenl ex8minalion. Having satisfied myself that the fin3ncial slalements are not required to be audited under any gaI provision, or olhew5e. and are elvJible for independent examination, it is my responsibility lo-.- al examine the fin8ncial 51alemenls of the charity under Section 145 of Ihe A¢l', bl followthe applicable procedure5 in the Directions given by the Charity cMisSion under section 14515llbl of the Act. Basls of Independent examlner's Statement and scope of work undertaken I report in respect of my exaTnination of Ihe charills financial statement5 caFried out under s145 of the Act. In catrying OLrt tny examination I have followed all the applicable Directions given by the Charty Commission under section 14515llbl of the Act selling out the duties of an independent exarniner in relation lo the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company 3nd of the accounting systems employed by the charitable company and a comparison of the financial 5t3teTnenls presented wilh those records. It also includes consideration of any unusU31 Items or disc105ures in the finallal statements. 3nd seeking explanations from you. as Trustees, concerning such matters. The purpose of the examination Is to establish as far as possible that there have been no breaches of charity legislation and that. on a test basis of evidence relevant lo the amounts and disclosures m3de, the financial st3lemenls comply wilh the SORP. The proTrdures undertaken do not provide all the evidence that would i)e required In an audil, and Information 5upplped by Ihe Trustees In the course of the examination Is not subje¢led lo audit lesls or enquiries and does not cover all the mallers that an auditor would consider In 8rriving al 8n opinion. The planning and conduct of 8n audil goes l)eyond the limiled assur8n* Ihai Sn Independent ex8minalion can provide. ConseqJenUy. I do noi express an sudil opinion on the view given by the finanoal Stslemenls. and in particular. l express no opinion as lo whether the finanu81 slal8menis giva a true snd fair view of affslrs of the chsrily, and my report Is limited to matters sel out In the siaiemeni balow. I p18nned and performed my examin8110n so 8s lo satisfy myself that the ¢bieclives of the Independent ex8minalion sre achieved and before finalising the report l obl8irEd written assur8ntrs from Ihe Trustees of all mslerial mallers. Ind•wndot)t ExamIn0¥ Stat8m8nt, Roport and Oplnlon Allenlion is drawn to the accounting policy slating that, notwithstanding the explicit requirement in the exlanl statuiory regulations. Ihe Ch3ritie5 (Accounts and Reports) Regulations 200B. lo prep3re the financial statements In accordan the SORP 2005, in view of the fact that the SORP 2005 h3s been withdrawn, and in order to 3ccord wilh current best practi. Ihe Trustees have elermined lo prepare the finanual statements In accordan with the FRS 102 SORP Islalemenl of Recommended Practi lor Accounting and Reportin9 by Chariliesl 2015, las amended by Ihe Bulletin Issued In October 2018 and applicable to a113CCOUllti periods beginning on or after 1st January 20191. (The SORPI, l concurwith this appro8ch. and any references In my report lo I regulations should be read subject lo this comment. Subject to the limitations upon Ihe Scope of my work as detailed 3bove, I have completed my examination.. and can confimi Ihat'.- The accounts of this charilaNe company are not required lo be audited under Part 16 of the Companies Act 2006..
This is a report in respect of an ex?minalion carrEd oul under 145 of the Act and in 8¢cord8nce with Directions given by the Charity ommission under section 14515llbl of the Act which may be applicable., and that no m3terial mallers have come lo my attention in connection vth the examination giwiry me cause lo believe that in any material re5pect'.- accounting records were not kept in re5ct of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charitie5 Act 2011., 2. the fin8ncial 51alemenls do not accord wilh those records.. or 3. the fin3ncial slalements do not comply wilh the apICable requirement5 concerning the forrn and conlenl of accounts sel oul in section 396 of Ihe Companies Act 2006 other than any requirement that the awounts give 4 Yrue lairf view, which is not a m311er considered as part of an independent examin4lion.' 4. have not been ppared in accordance with Ihe methods and prinoples set out In the FRS 102 SORP Islalemenl of Recommended Praclice for Accounting and Reporting by Ch8ri1iesl 2015. las 8mended by the Bulletin issued in October 2018 and appliCae to 811 accouniing periods beginning on or after 1st January 20191. (The SQRPI. I hgve no concerns and have come across no other mallers in connection with the examination to thIch allention should be In Ih15 report in order lo enable 8 proper understanding of the finanual stslemenls lo be reached. J A Bsiley FFA FIPA FA B811ey & Griffilhs Limited Office 17 The Alkins Building Lower Bond Street Hinckley Leicestershire LE101QU 01 May 2024
Lelcester Transport Herltage Trust Llmlted {a company limited by guaranteel Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 December 2023, as requlred by the Companles Act 2006) Unrestricted Funds 2023 Restricted Funds 2023 Note Total Funds 2023 Total Funds 2022 Income and Endowments from: Donations and legacies Charitable activities: Activities for generating funds 23,895 22,570 46,465 31,813 31,781 3,127 34,908 31,605 Investment income 589 589 126 Total income 56,265 25,697 81,962 63,544 Expenditure on: Raising funds 10,460 10,460 7,077 Charitable activities 26,661 41,278 67,939 60,780 Total expenditure 37,121 41,278 78,399 67,857 Net incomelexpendilure for the year 12 19,144 -15,581 3,563 4,313 Transfers beeen funds -14,000 14,000 Net movement in funds 5,144 -1,581 3,563 4,313 Reconclllatlon of funds:. Totsl funds brought forward 25,848 121,247 147,095 151,408 Total funds carried forward 30.992 119.666 150.658 147.095 All activities derive from continuing operations. The notes form an integral part of these accounts.
Lelcester Transport Herltage Trust Llmlted {a company limited by guaranteel Balance Sheet as at 31 December 2023 Unrestricted funds Reslricled funds Notes 2023 2022 Fixed assets Tangible assets 78,956 78,956 78,956 Current assets Debtors Cash al bank and in hand 2,588 40,279 42,867 2,588 81,094 83,682 3,140 73,904 77,044 40,815 40,815 10 Creditors.. amounts falling due within one year -11,875 -105 -11,980 -8,905 Net current assets 30,992 40,710 71,702 68,139 Total assets less current liabilities 30,992 119,666 150,658 147,095 The totsl net assets of the charity 30,992 119,666 150,658 147,095 Charity funds Unrestricted funds Reslricled funds 30,992 30,992 119,666 25,848 121,247 119,666 Total funds 30,992 119,666 150,658 147,095 The directors are satisfied that the company is entitled lo exemption from the requirement lo obtain an audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting reeords and the prepamtion of accounts. The charity is subject lo Independent Examination under charity legislation, and the report of the Independent Examiner is on pages 9-10. The financial statements have been prepared In accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime. R J Worman Chairman 01 May 2024
Leicester Transport Heritage Trust Limited {a company limited by guaranteel Notes to the Accounts for the year ended 31 December 2023 1 Accounting policies Basis of preparation and accounting convention The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20151',The Financial Reporting Standard 102 The Financials Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convenbon. Financial reporting 102 - reduced diselosure exemptions The charity has taken advantage of the followng disclosure exemption in preparing these financial stalemenls, as permilled by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland.. the requirement of Section 7 Statement of Cash Flows Income recognition All incoming reSoUrS are recognised in the Statement of Financial Activities once the charity has entleMent lo the funds, it is probable that the income will be received and the amount can be measured reliably. Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included. No amount included in the financial slalements for volunteer time in line with the SORP IFRS 1021. Further details are given in the Trustees Annual Report . Fixed assets gifts in kind are recognised when re1vable and are included at fair value. They are not deferred over the life of the asset. For legacies, entleMent is the earlier of the charity being notified of an impending distribution or the legacy being received. Al this point income Is recognised. On occasion legacies will be notified to the charity however il is not possible lo measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disclosed. The charity receives government grants in respect of repair of the buses. Income from government grant and other grants are recognised at fair values when the charity has entillement. The grant is recognised when il is probable that the income will be received and the amount can be measured reliably. Expenditure recognitlon Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo that expenditure, il is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed lo particular headings they have been allocated to activities on a basis consistent with the use of resources.
Leicester Transport Heritage Trust Limited {a company limited by guaranteel Notes to the Accounts for the year ended 31 December 2023 Accountin olicies- convd Tangible Fixed Assets and Depreciation Tangible fixed assets are Capitalised and included al cost or valuation together with any incidental expenses of acquisition. No depreciation is provided on motor vehicles, as in the opinion of the Trustees there is no permanent diminution in value of these assets as a result of extensive maintenance and restoration of the vehicles owned by the Trust. Depreciation is provided on other fixed assets at rates calculated lo write off the cost less residual value of each asset over its expected useful life, as follows.. Fixtures and fittings 250kn on cost Taxation The charity is exempl from corporation lax on its charitable activities. Debtors and creditors recelvablelpayable within one year Debtors and creditors are stated al transaction price. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and cash on deposit. Funds accounting Restricted funds are funds that can only be used for particular restricted purpose within the objects of the charity. Restrictions arise when specified by donor or when funds are raised for a particular restricted PUfFX)se. Unreslricled funds are incoming resources receivable for expenditure on the general objectives of the charity. Transfers between funds are made where necessary. Designated funds comprise unrestricted funds that have been sel aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Further explanation of the nature and purpose of each fund is included in the notes to the financial ststemenls. Leases Rentals payable and receivable under operating leases are charged to the SOFA on a straight line basis over the period of the lease. Going concern The financial statements have been prepared on a going concern basis as the Iruslees believe that no Material uncertainties exist.
Leicester Transport Heritage Trust LlmSted la company limited by guarantee) Note¥ tg the A¢¢gunts for the year ended 31 December 2023 2 Donation8 and legacie Unrestricted Restricted Funds Funds Totsl 2023 Unrestricted Restricted Funds Funds Totsl 2022 Donations and legacies Grants. awards and sponsorship Gift Aid 11,607 6.755 5,533 18.420 4.150 30,027 10.905 5,533 14,119 9,062 4,933 3,199 500 17.318 9.562 4.933 23,895 22.570 46,465 28,114 3,899 31.813 3 Charitsble a¢tiviti Unre8tTiCted Restricted Funds Funds Totsl 2023 Unrestricted Re8tri¢tsd Funds Funds Total 2022 Actlvltoes for generatong funds Membership subscription5 Rent Entran lees Sales Members lottery 5.872 15,120 4,232 6,757 5.672 15,120 4,232 6.757 3,127 5,335 12,600 3,711 6,495 5.335 12.600 3.711 6.945 3.014 450 3,014 3,127 31.781 3.127 34,908 28,141 3,464 31.605 4 Inve¥tment in¢om Unrestricted Restricted Funds Funds Totsl 2023 Unrestricted Restricted Funds Funds Total 2022 Interest ieceiv8b18 589 589 126 126 5 Raising funds Unrèstrictad R•strietad Funds Funds Total 2023 Unr•strietad Restrictèd Funds Funds Totsl 2022 Milesge expenses Publications Advertising, Subs & don8tions Goods purchased lor Sale Bank chargeslPaypal 3.728 3,147 1.854 1,848 83 3.728 3,147 1.654 1,848 83 3,409 1,371 1,563 683 51 3.409 1,371 1.563 683 51 10.460 10.460 7,077 7.077 6 Charitabla activitiès Unr•strietad R•strietad Funds Funds Total 2023 Unr•strietad Restrictèd Funds Funds Total 2022 Activitles for generatlng funds Rent Fuel Restoralionlmateiials Road tax Insurance Breakdown insurants & MOT Towinglrecovery Members meeting costs Archive items utilib-es- electricity Members lottery prizes Website Support costs stationery. p05t8ge & consumables Sundries Independent exarniners fees Professional lees 18.739 1,599 564 15.720 34.459 1,599 15.132 15,638 960 396 14.550 1,224 14.CQ3 70 1.459 1,174 30.188 2,184 14.399 70 2.753 1,174 14.568 1.440 1.605 1,280 3.045 1,280 1,294 1,498 1,498 6.934 393 765 13 1,733 1.733 1.546 277 660 83 6.934 393 765 1.546 277 660 13 83 1.106 309 1.380 13 13 1.119 309 1.380 13 1,480 440 1,380 2,413 1.480 440 1.380 2,413 26,861 41.278 67,939 25,817 34,3 60,780
Leicester Transport Heritsge Trust Limited la ¢ompany limitsd by guarantge Notes to the Accounts for the year ended 31 December 2023 7 Fixed assets At Cost or Accumulated valuation Additions Disposals dapraciation 2023 Total 2022 Total Motor vehicles Leyland Titan PD2 FJF 193 Leyland Tiger Cub OJF 191 Ford Van PRY 808 Leyland Titan PD3 264 ERY BMMO D98314 HA Leyland Titan PD3 GR Y 60D Leyland Allantean PBC 113G BMMO S22 PHA 505G Metro Scania ARY 225K Metropolitan UFP 175S Denni5 Dominator UFP 233S Leyland Leopard BAH 809X Dennis Dominator TBC 50X Leyland Olympian A502 EJF Scania L113 GRL S350 MFP Kirby & West Milk Float VVRY 342 Fixtures & fittings 20,000 1,539 1,900 10,000 1,000 3,000 517 10,000 5,000 2,000 5,000 6,000 5,500 2,000 5,000 500 145 20,000 1,539 1,900 10,000 1,000 3,000 517 10,000 5,000 2,000 5,000 6,000 5,500 2,000 5,000 500 20,000 1,539 1.900 10,000 1,000 3,000 517 10,000 5,000 2,000 5,000 6,000 5,500 2,000 5,000 500 145 79,101 145 78,956 78,956 The market value of the motor vehicles have not changed since last year and therefore no adjustments were required to be made in these accounts accordingly. 8 Dobtors Unrèstrlctèd R&strlct¢d Funds Funds Total 2023 Total 2022 Trade debtors Grants receivable Prepayments Tax refund receivable 236 200 73 2,079 236 200 73 2,079 74 605 27 2,434 2,588 2,588 3.140 9 Creditors- amounts falling due within one year unStrICted Restricted Funds Funds Totsl 2023 Total 2022 Trade credf(ors Membership subscriptions received in advance Rent received in advance Independent examiners fee Accruals Professional fees Sponsorship in advance Electricty- tram shed 237 4,518 3,840 1,380 237 4,518 3,840 1,380 70 234 4,312 2.880 1,380 70 70 1,900 1,900 35 35 29 11,875 105 11,980 8,905
Leicester Transport Heritage Trust Limited {a company limited by guarantee) Notes to the Accounts for the year ended 31 December 2023 10 Funds of tha Charity - Allocation summary Unrestricted Restricted Funds Funds Total 2023 Total 2022 General account Rent account Archive Tram Depot Legacy FJF 193 OJF 191 PRY 808 264 ERY 6314 HA GRY 60D PBC 113G PHA 505G ARY 225K UFP 175S UFP 233S BAH 809X TBC 50X A502 EJF S350 MFP 39,027 3,840 39,027 3.840 1,065 1,907 8,588 1,208 5,400 663 1,133 3.186 2,213 1,140 1,249 2,312 1,791 2,144 1,636 2.131 2,142 907 31,651 2,880 985 5,809 1,065 1,907 8,588 1,208 5,400 663 1,133 3.186 2,213 1,140 1,249 2,312 1,791 2,144 1,636 2.131 2,142 907 1,617 7,898 663 1,S21 3,310 2,242 1,130 1,697 3,383 2,183 2,975 2,360 1,800 1,810 1,030 42,867 40,815 83,682 77,044 The above balances split as follows.. Unrestricted Restricted Funds Funds Total 2023 Total 2022 Debtors Cash al bank 2,588 40,279 2,588 81,094 3,140 73,904 40,815 42.867 40,815 83,682 77,044 11 Movement In funds Net Transfer Asat movement between 0110112023 in fund8 funds Asat 3111212023 Unrestricted funds General fund 25,848 19,144 -14,000 30,992 Restricted fund Restricted funds 121,247 -15,581 14,000 119,666 147,095 3,563 150,658
Leicester Transport Heritage Trust Limited {a company limited by guaranteel Notes to the Accounts for the year ended 31 December 2023 12 Net movement in funds, included in the above are as follows: Incoming Resources Movement resources expended in funds Unrestricted funds General fund 56,265 -37,121 19,144 Restricted funds Restricted funds 25,697 41,278 -15,581 81,962 -78,399 3,563 Restricted funds The restricted funds are made up of tangible assets as in note 7 of £78,956 less a eredilor of £105 In note 9 plus funds balan in note 10 of £40,815. Transfers made between the unrestricted and reslricled funds during the year was £14,000 to cover the overspend in the reslricled funds. 13 Stock Stock of publications and goods for resale are prudently written off when purchased, the value of stock al cost al 31 December 2023 and 31 December 2022 was not material. 14 Trustees. remuneratlon None of the trustees received any remuneration during the year12022 - £nill. 15 Trustees and members expenses Mileage expenses of £2,641 were paid lo 4 trustees and £1,087 10 2 members12022 - £3,019 paid lo 2 trustees and £390 to 2 members) - these were donated back lo the Irusl. 16 Related party disclosures There were no related party transactions for the year ended 31 Dember 2023. 17 Amounts payable to independent examiner The amount paid to the independent examiner was £1,38012022 - £1,380). 18 Company limited by guarantee The company is limited by guarantee and therefore does not have any share capital. 19 Otherfinancial Commitments The company has annual rental commitments of £2,000 on a rolling basis.