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 Se￿ntifiC 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
LeI￿stershire & 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. Be￿een 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 singl￿eCk 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 be￿een 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 Lei￿ster 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 Ne￿Ork 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 8￿cifiC 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 be￿een 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 prO￿dureS
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 De￿mber 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 T￿slee5, 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 f￿nerallY AC￿pIed 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 finan￿al 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 c￿MisSion 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 finall￿al 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 v￿th the examination giwiry me cause lo believe that in any
material re5pect'.-
accounting records were not kept in re5￿ct 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 ap￿ICable 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 p￿pared 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
appliCa￿e 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 F￿A
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 be￿een 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 reSoUr￿S are recognised in the Statement of Financial Activities once the
charity has entl￿eMent 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 re￿1vable and are included at fair value.
They are not deferred over the life of the asset.
For legacies, entl￿eMent 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
un￿StrICted 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 De￿mber 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.