## ## ## ## ## ## ## ||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||| ## ## ##