2023-04-05-accounts

	Objecti	v	es and a	ctivitie	s
					SORP reference
	Summary		ofthe purposes of		Para 1.17	To advance the education ofthe pubhc	in the
	the charity as set out			in its		history ofpublic road passenger transport
	governing		document			and in particular the history ofihe Devon
						General Omnibus 8 Touring Company	and
						iis successors ihrough: a) establishing	and
						preserving for posterity a representative
						coHection ofpassenger service vehicles
						formerly operated by the Company and	its
						successors in the county ofDevon and	the
						wider area covered by the South West	of
						England, b) facilitating pubhc access to	the
						collection by providing opportunities to	view
						and travel on the vehicles and thereby
						experience an earlier era ofpublic transport
						in the county ofDevon, c}providing afocus
						for retention, development and training	for
						students of all ages in the traditional crafts
						and specialist skills required forthe
						restoration and maintenance ofthe vehicles
						and associated relics, and d) enabling the
						raising offunds for the above purposes.	ln
						doing so, the charity must not raise any
						substantial ermanent tradin activit .
-	Summary activities		ofthe main in relation tothose		Para 1.17and 1.19	Our efforts during 2022/23 have been focussed on completing the restoration	of
	purposes		for the public			the vehicles in our collection and taking	them
	benefit,	in particular,		the		to.pubhc events. This is reflected in lower
	activities,		projects or	services		levels ofincome and expenditure compared
	identified		in the accounts.			with last year.
						We have invested most ofthe legacy we
						received last year in deposit accounts using
						the CAF Bank Charity Deposit Platform,	and
						this has led iothe accrual of bank interest
						during the year. The trustees intend to
						prioritise the funds from the legacy for
						securin better accommodation for our

								Communicating via social media with our
								supporters and the general public continues
								to be a key activity. Our Facebook page now has 1,000followers, and our Twitter feed
								227 followers. These enable us to reach out
								to our audience even ifthey are unable to
								make it to see our buses at events.
								We are also committed to presenting a
								professional and informative face to the
								world via our website. This was viewed by
								around 1,800 users in the last 12months.
								During 2022/23 we have continued to benefit
								from the 'Amazon Smile' charity fundraising
								campaign, which sees Amazon donate
								0.05'/0 ofthe net value ofa shopper's
								spending at no cost to the shopper.
								Unfortunately, this small but useful addition
								to our income closed in May 2023.
								We are grateful forthe continued generosity
								ofour trustees and other interested parties
								who support our work, including the Devon
								General Society.
								We remain indebted to one ofour trustees
								who has placed his own vehicle on loan to
								the Trust.
Statement			confirming				Para 1.18	The trustees are fuHy aware ofthe
whether the trustees have had regard to the guidance								obligations imposed upon them by way of the Charities Act and Charities (Accounts
issued by		the Charity						and Reports3 Regulations 2008 and the
Commission			on public					extent to which the trust is fulfilling its
benefit								charitable objectives is reviewed at each
								trustees* meeting. These obligations remain
								paramount when planning activities for the
								forthcoming period and considering means
								by which the trust's other central objectives
								can be met.
dditional		information				(optional)
ou ma	choose to			include			further statements	where relevant about:
							SORP reference
								N/A
Policy on		grant making					Para 1.38
								N/A
Policy on including		social investment program related					Para 1.38
investment
								The trustees readily acknowledge the huge
Contribution volunteers			made	by			Para 1.38	contribution made by our volunteers.

					This	manifests in a variety ofways, such as
					undertaking the physical work in preparing
					and	restoring our historic vehicles, assisting
					us when we attend evenis and assisting us
					with	governance.
					During 2022/23 our volunteers and trustees
					contributed 1,1?0hours oftheir time at our
					Knowstone base.
					Skills retention continues to rest with a
					relativel small roup ofvolunteers.
Achieve	men	ts	and performance
Summary	ofthe main			Para 1.20	The	trustees believe that ihe main
achievements		ofthe charity,			achievements ofthe Trust during the year
identifying	the	difference the			may	be summarised as:
charity's	work	has made to
the circumstances			ofits			We were able to display our vehicles at
beneficiaries and			any wider			public events and achieve good
benefits to society as a						engagement with visitors. This is the
whole.						main way for us to deliver our charitable
						objective ofeducating the public about
						the history ofroad passenger transport.
						We continued to receive a steady flow of
					donations from our supporters and
					claimed Gift Aid thereon.
					e	We carried oui further significant
						restoration work on our vehicles.
					~	We continued to maintain links with
						other groups where relationships can be
						of mutual benefit.
					~	We continued our good relationship with
						the Devon General Society, ensuring
						that they remain fully supportive ofthe
						trust*s activities (the DGS has 200+
						members, aH ofwhom share a common
						interest in the Devon General company
						and its activities). The work ofthe Trust
						is independent ofthe Society, but it is
						important ihat. good relations are
						maintained. The Societ is su ortive of

the Trust's objectives and assists on a
regular basis by keeping members
informed ofour activities and publicising
forthcoming events. In February 2023,
the Society adopted a new constitution
which fofmalised iis commitment to
provide support to the Trust, subject to
the availability ofresources.
We continued io make use ofour social
fTledla pfesence on Facebook and
Twitter to inform followers (and the
wider community) ofprogress on our
Iestof'ation actlvl'tIes, upcoming events,
etc.
We continued our good relationship with
key personnel within Stagecoach South
West. (the modern-day successors of
Devon General) who are fully
supportive ofour aims and objectives.

ou ma cho	o	se io include fur	ther statefnents	where
				N/A
Achievements		against	Para 1A1
objectives set
				N/A
Performance		offundraising	Para 1.41
activities agafnst objectives
set
				N/A
investment	performance		Para 1.41
against objectives
				N/A
Other

							The out.-turn for the year was a small surplus	The out.-turn for the year was a small surplus
							off434.
							f180,450 ofthe legacy was invested on the
							CAF Charity Deposit Platform from August
							2022. This was split between three banks,
							with each deposit covered by the Financial
							Services Compensation Scheme to remove
							financial risk. This investment is accruing
							bank interest.
							We remain conscious ofthe need to
							increase our regular income to cover our
							overheads and we are looking to attract new
							funding streams such as by giving talks.
Staiement	explaining			the		Para 1 22	The trustees maintain reserves in order to
policy for holding reserves							maintain financial security for future needs,
stating why		they are		held			opportunities, commitments or risks. The
							level ofreserves and their use is reviewed	at
							each trustees' meeting. Use ofreserves may
							include asset purchase and improvement	to
							premises.
							The trustees may retain up tof10,000 in
							readily accessible accounts to cover two
							years' maintenance and standing costs (e.g.
							rent, insurance).
							ln the event that surplus funds become
							available with little or no prospect ofthese
							being required fora period ofat least 12
							months, the trustees will consider whether
							longer term investment would produce more
							favourable returns than a simple deposit.
							account.
							We anticipate that ihe 2021/22 legacy will	be
							utilised mainly to secure improved premises
							to house our collection, and to this end we
							have drawn up an accommodation policy io
							guide our search In the meantime, we are
							holding the legacy funds in reserve.
Amount of	reserves			held		Para 1.22	F83,495as at 5'" April 2023
Reasons for holding				zero		Para 1.22	N/A
reserves
Details offund materially					in	Para 1.24	N/A
deficit
Explanation		ofany				Para 1.23	N/A
uncertainties		about		the
chariiy continuing			as a going
concern

					N/A
The charity's	principal			Para 147
sources offunds		(including
any fundraising)
					Our investment		pohcy sets out the likely calls
investment	policy and			Para 1.46	on our funds over the short, medium long terms and takes a risk-averse			and approach
objectives including			any		to matching	them with investments		in
social investment		policy			interest-bearing		accounts.
adopted
					N/A
A description	ofthe		principal	Para 1.46
risks facing	the charity
					N/A
Other

Description ofcharity's
trusts:
Type ofgoverning document	Para 1.25	Constitution		dated 6April 2013.
for example, trust deed,
memorandum and articles of
association etc.
How isthe charity	Para 1.25	CIO.
constituted'7
for example limited company,
unincorporated association,
CIO
Trustee selection methods	Para 1.25	Potential	new trustees are identified			by the
including details ofany		existing	trustees		in accordance with	Charity
constitutional provisions e.g.		Commission		guidance
election to post or name of
any person or body entitled
to-appoint one or more
trustees

				N/A
Policies	and procedures		Para 1.51
adopted	for the induction	and
training	oftrustees
				N/A

Trustee name		Dates acted ifnot forwhole	ear
None
Funds held as custodian		trustees on behalf	ofothers
Description ofthe assets		N/A
held in this capacity
Name and objects ofthe		N/A
charity on whose behalf	the
assets are held and how	this
falls within the custodian
charit *sobects
Details ofarrangements	for	N/A
safe custody and
segregation ofsuch assets from the charit 's own assets

8 L	8	'							~ 8
							4,804
		tagree balsrtces		ttrittt receipts	and psymeltts
					sccourtt(s))
82Other monetary assets		ops
						Fund 8888t	towhich beloA 8	~t ( ~.	l)	Current		88ltte
		D&talie				Fund ssset	towhich helen s		l)	Current vslue O Oust
84Assets retained forthe		Vehicle»	503RUO									7,000
charity"s otttrn use		Vehicle -VOV798										5,0M
		Vehicle -VDV817							8,500
		Vehicle - NTT881							12,0M			12,000
		Vehicie - ETT995							20,000			20,000
						Fund	to which
						lisbiii	relstes
85Liabilities							NIA
							NlA
Signed by one ortwo trustees on behalf ofall the tntstees			Signature				Print	Name		Gate of a Ioval
							PRJenkins
							6Bailey			30-Jun-23
CCXXR2accounts(SS)										30N6/2023