Charity Registration No. 1134602 Company Registration No. 03322838 (England and Wales) BARROW TRANSPORT MUSEUM TRUST LIMITED TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
BARROW TRANSPORT MUSEUM TRUST LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr S P Killip Mr P Craig Mr J Hambler Ms S Morrall Secretary Mr S P Killip Charity number 1134602 Company number 03322838 Registered office 66 Holker Street Barrow-in-Fumess LA14 5RW Independent examiner Melville & Co Unit 17-18, Trinity Enterprise Centre Fumess Business Park Ironworks Road Barrow-in-Fumess LA14 2PN
BARROW TRANSPORT MUSEUM TRUST LIMITED CONTENTS Page Trustees, report Independent examiners, report Statement of financial activities Balance sheet Notes to the accounts
BARROW TRANSPORT MUSEUM TRUST LIMITED TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their report and accounts for the year ended 31 March 2025. The accounts have been prepared in accordance with the accounting policies set out in note 1 to accounts and comply with the charity's Memorandum and Articles of Association. the Companies Act 2006 and the Statement of Recommended Practice. "Accounting and Reporting by Charities. issued in March 2005. structure, governance and management The charity is a company limited by guarantee. not having share capital and is govemed by a Memorandum and Articles ofAssociation dated 24 February 1997. It's company registered number is 03322838. On 2 March 2010 the company became a registered charity with a charity number 1134602. The trustees, who are also the directors for the purpose of company law, and who served during the year were.. Mr S P Killip Mr P Craig Mr J Hambler Ms S Morrall The Board consists of people with considerable interest and experience in the area of transport hi%tory, who are able to draw on their past experience in appropriate fields. None of the trustees has any beneficial interest in the cornpany. Al of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The Board of Trustees (directors) is the responsible body of the organisation and meets regularly throughout the year deciding on strategies and exercising management and strategic oversight of the charity. There are no related parties of the charity. The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Objectlves and activities The charity's objects are to educate the public by establishing within the Barrow, Fumess and Cartmel areas of Cumbria one or more operational or static museums of transport history and archaeology covering all aspects of road transport. In planning and carrying out the charity's activities the Board are always aware that such activities must be for the public benefit. As such the Board confirm that they have had due regard to the Charity Commission's published guidance on the 'public benefit, motive. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The activities of the company, as in previous years, continue during the period 2024125 to be COnMed with the preservation. restoration and use of historic public service vehicles, with the eventual aim of establishing a permanent rnuseum illustrating thè history of public transport within the Morecarnbe Bay arga as a whole, on(1 Barrow in Furness in particular. The company continues to rent a warehouse on the Sowerby Woods Industrial Estate at the premises of H Wicks (Lindal) Ltd, which is large enough to house all of the collection and spares under one roof. The company continues to have a good working relationship with Mr David Wicks
BARROW TRANSPORT MUSEUM TRUST LIMITED TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and perfomiance Working groups at our garage continue and a core group of members meet on a regular basis to work on the vehicles. Several vehicles have received attention this year, some have had routine maintenance and others are long term projects. We have continued to run trips to events throughout the North West and further afield, including the Easter transport rally at Kirby Stephen, the running day at Southport and the RVPG running day at Morecambe. The trip to Blackpool Illuminations was particulady popular and we had to wn tsvo trips in order to accommodate all those who wanted to go. The main vehicles used this year were the Volvo B10 and.PD169. We were involved with the organization of the Barrow Transport Festival where we provided vehicles for trips and have started to become more involved with the different events that Barrow Bid are involved with as well as providing a bus for the park & ride for the RNLI Life Boat gala at Roa Island. Unfortunately, several of our vehicles continue to suffer from mechanical issues this year. which has left us with a limited pool of vehicles to take out to events. Leyland PD2 169 has had a temporary repair to its engine water leak and has been limited to use at very local events whilst a replacement engine is sought. The restoration ol the Seadog continues with replacement engine being rebuilt and the upstairs seats have been reupholstered and await re-fitting. The Mercedes mini bus also has developed some minor faults, but parts are difficult to find despite it being one of Ouf most modern vehides. The Group would again like to acknowledge the support given by Andy Camp from North Western Motor Services whose mechanical and technical expertise has continued to help the group this year. The Barrow Transport Museum Trust Ltd continues to run a fund raising scheme based around the bonus ball number drawn every Saturday in the National lottery. Fifty nine numbers are allocaled. each one costing £2, raising a possible £118 per week, the winning member receives £50 and the remaining £68 goes to Trust funds. Initially 53 of the 59 numbers were taken. hopefully all the remaining numbers will soon be allocat8J. This scheme has remained popular and a steady income for the group. As in previous years, the trust continues to work closely with local operator Stagecoach, Cumbria Classic Coaches, KT Coaches and other preservation groups including the Workington Transport Heritage Trust, Ribble Vehicle Preservation Trust, Merseyside Transport Trust and the North West Vehicle Restoration Trust. The company looks forwards to continuing its links with organizations and individuals within the communty in support of its objectives. The Committee would like to thank all those who help the BarrowTransport Museum Trust in whatever capacity. Financial review The results for the year are summarised in the Statement of Financial Activities (income and expenditure account). Incoming resources decreased by £10,033 (19 %) to £44,143. Expenditure totalled £48,237, a decrease of £1,976140/.). This lead to an decrease in the ftjnd balance of £4,094 to £18,815. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. On behalf of the board of trustees IJ Hambler Trustee Dated". 12 December 2025
BARROW TRANSPORT MUSEUM TRUST LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BARROW TRANSPORT MUSEUM TRUST LIMITED I report on the accounts of the charity for the year ended 31 March 2025. which are set out on pages 4 to 8. Respective responsibilities of trustees and examiner The trustees, who are also the directors of Barrow Transport Museum Trust Limited for the purposes of company law, are responsible for the preparation of the a¢counts. The trustee5 consider that an audit is not required for this year under section 144(2) of the Charities Act 2011, the 2011 Act. and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to.. (il examine the a¢counts under section 145 of the 2011 Act., (li} to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5){bl of the 2011 Act- and (iii) to state whether particular matters have come to my attention. Basis of independent examiners report My examination was carried out in accordance th the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view. and the report is limited to those matters set out in tFE statement below. Independent examinerfs statement (a) which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006., and (ill to prepare accounts which accord with the accounting records, comply with the accounting requirements of 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities., (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. S Oram Melville & Co Chartered Certified Accountant Unit 17-18, Trinity Enterprise Centre Furness Business Park Ironworks Road Barrow-in-Fumess LA14 2PN Dated." 12 December 2025
BARROW TRANSPORT MUSEUM TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes In min resources from Donations and gifts 44,143 54,176 Charitable activities Purchases Lottery and raffle prizes 977 2,466 199 2,700 Total charitable expenditure 2,899 Governance and administrative costs 44,794 47,314 Total resources expended 48,237 50,213 Net (expenditure)lincome for the yearl Net movement in funds (4,094 3,963 Fund balances at 1 April 2024 22,909 18,946 Fund balances at 31 March 2025 18,815 22,909 The statement of financial activities also complies with the requirements for an income and expenditure account under the CompaniesAct 2006.
BARROW TRANSPORT MUSEUM TRUST LIMITED BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notss Fixed assets Tangible assets 6,934 7,712 Current assets Stocks Debtors Cash at bank and in hand 95 10,544 8.279 126 16,635 7,864 18,918 24,625 Creditors: amounts falllng due within one year (7,037 {9,428) Net current assets 11,881 15,197 Total assets less current liabilities 18,815 22,909 Income funds Unrestricted funds 18.815 22,909 18,815 22.909 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. No member of the company has deposited a notice. pursuant to section 476, requiring an audit of these accounts. The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resource5, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company. These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 ofthe Companies Act 2006. The accounls were approved by the Board on 12 Dember 2025 r J Hambler rustee Ms S Morrall Trustee Company Registration No. 03322838
BARROW TRANSPORT MUSEUM TRUST LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies 1.1 Basis of preparation The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance wtth applicable accounting standards, the Statement of Recommended Practi. "Accounting and Reporting by Charities" issued in March 2005 and the Companies Act 2006. 1.2 Incoming resources Donations, legacies and other fomis of voluntary income are recognised as incoming resources when receivable, except insofar as they are incapable of financial measurement. 1.3 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates Calcated to write off the cost less estimated residual value of each asset over its expected useful life, as follows.. Plant and machinery Motor vehicles 250h reducing balance not depreciated. see below The motor vehicles represent heritage assets. The trustees believe there are still stated at fair value. 1.4 Stock Stock is valued at the lower of cost and net realisable value. Donations and gifts 2025 2024 GiftAid Tax Rebate Gift Aid Subscriptions GiftAid Donations Gift Aid Donations with Subscription Subscriptions 6,266 830 22,137 615 190 7,788 620 30,773 470 240 k ij Donations Lottery Bonus Ball income Sales, incl. raffles Recharge 572 Group Recharge 104 Group Recharge No. 9 Group Recharge 931 Group Meal contributions Barrow BID 3,521 5,743 2,685 563 69 69 3,498 5,635 3,685 287 63 394 287 436 855 600 Donations and gifts 44,143 54,176
BARROW TRANSPORT MUSEUM TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Totsl resources expended Total 2025 Total 2024 Charitable activities Purchases Lottery and raffle prizes 977 2,466 199 2,700 3.443 2,899 Governance and administrative costs Insurance Repairs and maintenance Vehicle storage Motor expenses Coach hire, trips and events Printing, postage and stationery Recharges 572 group Recharges 104 group Recharges No. 9 group Recharges 931 group Depreciation Accountancy 3,064 13,853 12,000 10,319 1,086 791 563 69 369 2,729 13.848 12,000 12,991 1,397 433 287 63 394 287 1,037 1,848 778 1,902 44,794 47,027 48,237 50,213 Govemance costs includes payments of £954 (2024.. £924) for the Independent Examinalion. Trustees None of the trustees (or any persons connected with them) received any remuneration during the year, but four of them were reimbursed a total of £2,101 travelling expenses (2024.. four were reimbursed £5,691). Employees There were no employees during the year.
BARROW TRANSPORT MUSEUM TRUST LIMITED NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Tangible fixed assets Plant and machinery Motor vehicles Total Cost At 1 April 2024 and at 31 March 2025 12,200 4,601 16,801 Depreciation At 1 April 2024 Charge for the year 9,089 778 9,089 778 At 31 March 2025 9.867 9,867 Net book value At 31 March 2025 2,333 4,601 6,934 At 31 March 2024 3,111 4,601 7,712 The motor vehicles represent heritage assets-. Ex-Barrow Corporation 1950 Leyland PD213 No 147 Ex-Barrow Corporation 1950 Leyland PD213 No 124 Tow Wagon Ex-Barrow Corporation 1980 Leyland National No 23 99.5 Talbot Expres5 Freeway minibus Leyland Tiger Caribbean 1985 - Archive records EX-BBT 1988 Talbot Minibus No 100 E571 MAC 499 3,600 500 4,601 Debtors 2025 2024 Other debtors 10,544 16.635 Creditors: amounts falling due within one year 2025 2024 Other creditors 7.037 9,428