2025-04-30-accounts - North West Vehicle Restoration Trust

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REGISTERED NUMBER: 07616318 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

North West Vehicle Restoration Trust

North West Vehicle Restoration Trust (Registered number: 07616318)

Contents of the Financial Statements for the Year Ended 30 April 2025

Officers & Advisors	1
Trustee’s Report	2
Independent Examiner’s Report	3
Statement of Financial Activities	4
Balance Sheet	5
Notes to the Financial Statements	6
Detailed Income & Expenditure Account	7

North West Vehicle Restoration Trust (Registered number: 07616318)

Officers and Advisers

for the Year Ended 30 April 2025

Director J Cherry J Rowlands C Naylor K Smith Accountants Myersons Chartered Accountants 32 Derby Street Ormskirk Lancashire L39 2BY Registered Charity Number: 1143261

Page 1

North West Vehicle Restoration Trust (Registered number: 07616318)

Trustee’s Report For the Year Ended 30 April 2025

The Trustees present their Report and the Financial Statements for the period ended 30 April 2025. The company is a registered charity, number 1143261.

Incorporation

The company was incorporated on 27 April 2011 and commenced its activities on 14 July 2011.

The company became a registered charity on 27 April 2011.

Principal Activity

The principal activity of the company and charity is to preserve, for the benefit of the public, historic or potentially historic road passenger transport vehicles, equipment and other associated items. To preserve the original skills and craftsmanship associated with the maintenance of historic vehicles and related artefacts.

Directors

The following directors held office during the year and at the signing of these accounts:-

John Cherry - Chairman James Rowlands Carl Naylor Karl Smith

Small Company Rules

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

This report was approved by the Trustees on …………………….. and signed on its behalf by:

…………………….. J Rowlands

Page 2

North West Vehicle Restoration Trust (Registered number: 07616318)

Independent Examiner’s Report for the Year Ended 30 April 2025

We report on the accounts of North West Vehicle Restoration Trust for the year ended 30 April 2025 which are set out on pages 4 to 7.

Respective responsibilities of the Committee and Examiner

As the Charity’s Committee you are responsible for the preparation of the accounts; you 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. It is our responsibility to examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and state whether particular matters have come to our attention.

Basis of the Independent Examiner’s Report

Our examination was carried out in accordance with the General Directions given by the Charity Commission. That 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 concerning 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 the statement below.

Independent Examiner’s Statement

In connection with our examination, no matter has come to our attention:

which gives us reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and to comply with accounting requirements of the 2011 Act have not been met; or
to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Myersons Chartered Accountants 32 Derby Street Ormskirk Lancashire L39 2BY

Page 3

North West Vehicle Restoration Trust (Registered number: 07616318)

Statement of Financial Activities

for the Year Ended 30 April 2025

Year to 30.04.2025 £ Income Donations (Including gift aid) 69,361 Expenditure Management & administration 57,853 Net movement in funds Surplus/(Deficit) brought forward Surplus/(Deficit) carried forward	Year to 30.04.2024 £ £ 62,714 69,361 52,589 (57,853) 11,508 43,815 55,323	£ 62,714 (52,589) 10,125 33,690 43,815

Page 4

North West Vehicle Restoration Trust (Registered number: 07616318)

FIXED ASSETS CURRENT ASSETS CREDITORS Amounts falling due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES	Balance Sheet 30 April 2025 30.4.25 £ 52,983 (660)	£ 3,000 52,323 55,323 55,323	30.4.24 £ 44,955 (1,140)	£ - 43,815

				43,815
				43,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(b) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each 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 financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the micro-entity provisions.

The financial statements were approved by the Trustee’s and authorised for issue on ….......................................... and were signed on its behalf by:

….....................................................................

J Rowlands

Page 5

North West Vehicle Restoration Trust (Registered number: 07616318)

Notes to the Financial Statements for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

North West Vehicle Restoration Trust is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07616318 Registered office: 45 Trispen Close Liverpool Merseyside L26 7YP

1. 2. ACCOUNTING POLICIES

1.1 The accounts have been prepared on the historic cost convention. The accounts are in accordance with applicable accounting standards, the Charities SORP 2005 (Accounting and Reporting by Charities) and comply with the Charities (Accounts and Reports) Regulations 2005 issued under the Charities Act 1993.
1.2 Voluntary income is received by way of donation 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. Rental and other income has been included on the Statement of Financial Activities on an accruals basis.
1.3 Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
1.4 Resources expended are allocated to the particular activity to which the cost relates.
1.5 Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purposes and are available as general funds.
1.6 Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
1.7 Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund, together with a fair allocation of management and support costs.
1.8 Loose tools, purchased for use in the restoration of the vehicles are expensed fully in the year of purchase.

2. STAFF COSTS

The only officers of the company are the Trustees. No remuneration or expenses were paid to any of the Trustees during the period.

3. TAXATION

The charitable company is exempt from corporation tax on its charitable activities.

4. SHARE CAPITAL

The company is limited by guarantee and therefore does not have a share capital. The liability of each of the members is limited to a maximum of £1.

Page 6

North West Vehicle Restoration Trust (Registered number: 07616318)

Turnover Donations Gift aid Other income Other income interest received Expenditure Rent Rates Light and heat Post and stationery Motor expenses Restoration costs Computer costs Sundry expenses Accountancy Subscriptions Donations Finance costs Penalties & surcharges NET SURPLUS	Detailed Income and Expenditure Account for the Year Ended 30 April 2025 30.4.25 £ £ 56,592 12,178 68,770 591 69,361 45,000 3,362 707 663 2,559 735 202 480 720 25 3,000 57,453 11,908 400 11,508	Detailed Income and Expenditure Account for the Year Ended 30 April 2025 30.4.25 £ £ 56,592 12,178 68,770 591 69,361 45,000 3,362 707 663 2,559 735 202 480 720 25 3,000 57,453 11,908 400 11,508	Detailed Income and Expenditure Account for the Year Ended 30 April 2025 30.4.25 £ £ 56,592 12,178 68,770 591 69,361 45,000 3,362 707 663 2,559 735 202 480 720 25 3,000 57,453 11,908 400 11,508	30.4.24 £ 50,511 12,203 44,950 2,778 401 843 1,673 714 - 605 600 25 -	£ 62,714 -

			30.4.25 £ 56,592 12,178 45,000 3,362 707 663 2,559 735 202 480 720 25 3,000
					62,714 52,589
					10,125 -
					10,125

Page 7

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Signature 1

Signed by James Rowlands using authentication code S2l6ZihoQ2w8eDJ5 at IP address 31.94.62.141, on 2026/01/07 13:54:48 Z.

James Rowlands's e-mail address is: jameslrowlands@yahoo.co.uk.