2025-01-31-accounts - The South Wales Transport Preservation Group Ltd

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THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 JANUARY 2025

The following is the annual report for the stated period presented by the trustees who are also directors of the charity for the purposes of the Companies Act 2006, It is accompanied by the financial statements of the charity for the year ended 31 January 2025.

The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities, preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

The objective of the South Wales Transport Preservation Group Ltd is to further public knowledge and education about the important contribution made by all forms of transport and associated industries in the continually unfolding history of Swansea and its surrounding region. This includes establishing links with a diversity of groups and associations in the area and beyond. The charity has strong links with Swansea Museum Service for whom it displays historic vehicles that they are unable to accommodate, keeping them within public view. During the year detailed it has also forged

links with the City’s University to the advantage of both organisations.

SIGNIFICANT ACTIVITIES

The main activities of the group are linked to the procurement, maintenance, and restoration of vehicles and artefacts at the group's base which operates under the trading name of Swansea Bus Museum & Transport Heritage Centre. The vehicles which are of historic or nostalgic significance are displayed in the only working museum of its kind in the region. During the past year further vehicles have been added to the collection strengthening the representation of companies that once flew the public transport banner in the region. This allows them to be viewed not simply from the locality but also visitors to the region who have again showed an increase in number. This underlines the importance of the group’s efforts to support the important and growing tourism industry across the region.

VOLUNTEERS

Volunteers continue to form an important part of the awardwinning museum's contribution to the community. The past year has seen an improving trickle of assistance from those who are young and old, skilled or willing learners keen to assist in many different ways.

They contribute to many of the restoration and maintenance duties, dependant on their skills and experience. The success of this is ably demonstrated by the almost total dismantling and rebuilding of an AEC Regent V double decker that was a familiar sight on Swansea roads in its guise as an early allover advertisement. It was pained all over to resemble a country pub for brewers Truman. As well as assisting in caring for the growing number of displays. Additionally, they provide a useful service as guides to visitors from near and far.

The museum houses an array of other vehicles alongside the public transport representation, all of which strike a chord with the building’s portrayal of transport and vehicles from a bygone age.

Led by the trustee/directors the efforts of all have been recognised by Visit Wales and before that the winning of a hotly contested award offered by Swansea Bay Tourism.

REVENUE SUPPORT

time. Similar opportunities were provided for groups, schools, weddings and other private family occasion trips. Funds generated in this way assist in building financial support for furtherance of the work and growth of the group. The museum offsets a significant proportion of its hefty building rental and operational cost burden by staging events and shows which attract increased footfall and revenue. DEespite the nationwide economic downturn these events have continue to prove popular.

Grant funded projects have been examined and continue to be pursued. A savings fund was established some time ago and continues to play its part in economic stability and as a safety net.

FINANCIAL CHALLENGES

At a time when most organisations continue to suffer these have remained significant for the group. The trustee/directors are continually focussing on prudent budgeting in order to steady momentum and halt any slide. Energy costs and ther fuel burden of operating. older vehicles is a burden that has to be borne.

During the period of this report the landlord prepared the group for a 57 per cent rise along with a hint that the building could also be sold. Directors braced themselves for this and began constructing a strategy that would allow everything to continue to survive and grow. This is ongoing.

FINANCIAL REVIEW

The total income of £ was spent on direct charitable expenditure totalling £ ) resulting in a net loss of £ The unrestricted funds at 31 January 2025 were £ ). The restricted funds at 31 January 2025 were £ ).

REGISTERED COMPANY NUMBER: 10330657 (England and Wales) REGISTERED CHARITY NUMBER: 1175465

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

		Page
Report of the Trustees	1	to	3
Independent Examiner's Report		4
Statement of Financial Activities		5
Balance Sheet	6	to	7
Notes to the Financial Statements	8	to	16
Detailed Statement of Financial Activities	17	to	18

THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2025

OBJECTIVES AND ACTIVITIES

Objectives and aims

Significant activities

The main activities of the group are linked to the procurement, maintenance, and restoration of vehicles and artefacts at the group's base which operates under the trading name of Swansea Bus Museum & Transport Heritage Centre. The vehicles which are of historic or nostalgic significance are displayed in the only working museum of its kind in the region. During the past year further vehicles have been added to the collection strengthening the representation of companies that once flew the public transport banner in the region. This allows them to be viewed not simply from the locality but also visitors to the region who have again showed an increase in number. This underlines the importance of the group's efforts to support the important and growing tourism industry across the region.

Volunteers

Volunteers continue to form an important part of the award-winning museum's contribution to the community. The past year has seen an improving trickle of assistance from those who are young and old, skilled or willing learners keen to assist in many different ways.

They contribute to many of the restoration and maintenance duties, dependant on their skills and experience. The success of this is ably demonstrated by the almost total dismantling and rebuilding of an AEC Regent V double decker that was a familiar sight on Swansea roads in its guise as an early all-over advertisement. It was pained all over to resemble a country pub for brewers Truman. As well as assisting in caring for the growing number of displays. Additionally, they provide a useful service as guides to visitors from near and far.

The museum houses an array of other vehicles alongside the public transport representation, all of which strike a chord with the building's portrayal of transport and vehicles from a bygone age.Led by the trustee/directors the efforts of all have been recognised by Visit Wales and before that the winning of a hotly contested award offered by Swansea Bay Tourism.

Page 1

THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2025

OBJECTIVES AND ACTIVITIES

Revenue Support

The museum is proud to be one of a small number of transport preservation facilities in the UK that hold a Passenger Carrying Operator's Licence allowing it to run a growing number of heritage buses in a revenue earning support capacity. This requires the vehicles to be brought up to, and maintained at, Class VI PCV MOT standard. They are tested on a six-weekly basis by an independent private company. Vehicles within the collection frequently offer visitors the opportunity to take a trip back in time. Similar opportunities were provided for groups, schools, weddings and other private family occasion trips. Funds generated in this way assist in building financial support for furtherance of the work and growth of the group. The museum offsets a significant proportion of its hefty building rental and operational cost burden by staging events and shows which attract increased footfall and revenue. Deespite the nationwide economic downturn these events have continue to prove popular.

Grant funded projects have been examined and continue to be pursued. A savings fund was established some time ago and continues to play its part in economic stability and as a safety net.

Financial Challenges

FINANCIAL REVIEW

The total income of £97,691 (2024: £102,359) was spent on direct charitable expenditure totalling £102,904 (2024: £100,527 ) resulting in a net expenditure of £5,213 (2024: £1,832 net profit).

The unrestricted funds at 31 January 2025 were £68,380 (2024: £70,771). The restricted funds at 31 January 2025 were £2,343 (2024: £3,333).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

10330657 (England and Wales)

Registered Charity number 1175465

Registered office

C/O Bevan Buckland LLP Ground Floor Cardigan House Swansea SA7 9LA

Trustees

D A Roberts J R Adams R D Gale A West C T Scott

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THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2025

REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary

D A Roberts

Independent Examiner

Michael Jones Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.......................................................................... D A Roberts - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

Independent examiner's report to the trustees of The South Wales Transport Preservation Group Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Michael Jones

Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

Date: .............................................

Page 4

THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2025

Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 80,996 Other trading activities 2 16,537 Other income 158 Total 97,691 EXPENDITURE ON Raising funds 10,508 Charitable activities Charitable Activities 91,836 Total 102,344 NET INCOME/(EXPENDITURE) (4,653) RECONCILIATION OF FUNDS Total funds brought forward 73,033 TOTAL FUNDS CARRIED FORWARD 68,380	Restricted funds £ - - - - - 560 560 (560) 2,903 2,343	2025 Total funds £ 80,996 16,537 158 97,691 10,508 92,396 102,904 (5,213) 75,936 70,723	2024 Total funds £ 88,838 13,414 107 102,359 7,608 92,919 100,527 1,832 74,104 75,936

The notes form part of these financial statements

Page 5

THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

BALANCE SHEET 31 JANUARY 2025

Unrestricted funds Notes £ FIXED ASSETS Tangible assets 7 11,550 Heritage assets 8 50,160 61,710 CURRENT ASSETS Debtors 9 8,905 Cash at bank and in hand 6,771 15,676 CREDITORS Amounts falling due within one year 10 (7,762) NET CURRENT ASSETS 7,914 TOTAL ASSETS LESS CURRENT LIABILITIES 69,624 CREDITORS Amounts falling due after more than one year 11 (1,244) NET ASSETS 68,380 FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted funds £ - - - - 2,343 2,343 - 2,343 2,343 - 2,343	2025 Total funds £ 11,550 50,160 61,710 8,905 9,114 18,019 (7,762) 10,257 71,967 (1,244) 70,723 68,380 2,343 70,723	2024 Total funds £ 13,860 48,050 61,910 8,931 14,469 23,400 (5,685) 17,715 79,625 (3,689) 75,936 73,033 2,903 75,936

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that 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 charitable 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 charitable company.

The notes form part of these financial statements

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THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

BALANCE SHEET - continued 31 JANUARY 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

.............................................

D A Roberts - Trustee

The notes form part of these financial statements

Page 7

THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

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 (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial 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 convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations

Donations (including those raised through volunteer fundraising) are recognised when income has been received. Gift Aid income on donations is accrued when there is a valid declaration from the donor.

Donated goods

Where the donated good is a fixed asset it will be measured at fair value, unless it is impractical to measure this reliability, in which case the cost of the item to the donor will be used. The gain will be recognised as income from donations and a corresponding amount will be included in the appropriate fixed asset category and depreciated over the useful economic life in accordance with the Charity's accounting policy.

Subscription income

Subscription income provided which amounts to a donation will be recognised in the SOFA in the period in which it is receivable, where there are no performance-related conditions, where the receipt is probable and it can be measured reliably.

Other income

Other income, including the hire of facilities, will be recognised in the period it is receivable and to the extent the Charity has provided the goods or services.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement 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 to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures, fittings & exhibits - 10% on cost

Depreciation is not charged in year of acquisition.

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THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2025

1. ACCOUNTING POLICIES - continued

Heritage assets

Heritage assets are historic vehicles, maintained for the running of the museum. The trustees have concluded that a useful life of these assets can not be determined due to the nature of the assets and therefore these assets are not depreciated.

Taxation

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

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Financial instruments

The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's statement of financial position when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

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THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2025

1. ACCOUNTING POLICIES - continued

Financial instruments

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and bank loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

Cash at bank and cash in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Functional and Presentation Currency

The charity's functional and presentation currency is pounds sterling.

Going Concern

The accounts have been prepared on the going concern basis, on the understanding that the trustees and guarantors have reviewed forecasts, projections and future funding, taking account of reasonably possible changes and are satisfied that the charity will be able to operate within the level of its current funds.

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THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2025

2. OTHER TRADING ACTIVITIES

3.

Bus hire income NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets	2025 £ 16,537 2025 £ 2,310	2024 £ 13,414 2024 £ 2,310

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2025 nor for the year ended 31 January 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 January 2025 nor for the year ended 31 January 2024.

5. STAFF COSTS

Average number of employees for the year was 0.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 88,323 Other trading activities 13,414 Other income 107 Total 101,844 EXPENDITURE ON Raising funds 7,608 Charitable activities Charitable Activities 91,974 Total 99,582 NET INCOME/(EXPENDITURE) 2,262 RECONCILIATION OF FUNDS Total funds brought forward 70,771	Restricted funds £ 515 - - 515 - 945 945 (430) 3,333	Total funds £ 88,838 13,414 107 102,359 7,608 92,919 100,527 1,832 74,104

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THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2025

6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
funds
£
TOTAL FUNDS CARRIED FORWARD
73,033
7.
TANGIBLE FIXED ASSETS
COST
At 1 February 2024 and 31 January 2025
DEPRECIATION
At 1 February 2024
Charge for year
At 31 January 2025
NET BOOK VALUE
At 31 January 2025
At 31 January 2024
8.
HERITAGE ASSETS
MARKET VALUE
At 1 February 2024
Additions
At 31 January 2025
NET BOOK VALUE
At 31 January 2025
At 31 January 2024

Restricted
Total
funds
funds
£
£
2,903
75,936
Fixtures,
fittings
& exhibits
£
23,100
9,240
2,310
11,550
11,550
13,860
Total
£
48,050
2,110
50,160
50,160
48,050

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THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2025

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

----- Start of picture text -----
||||| |---|---|---|---| |2025|2024| |£|£| |Other debtors|8,515|8,549| |Prepayments|390|382| |8,905|8,931| |10.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR| |2025|2024| |£|£| |Other loans (see note 12)|2,445|2,445| |Trade creditors|2,500|-| |Accrued expenses|2,817|3,240| |7,762|5,685| |11.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR| |2025|2024| |£|£| |Other loans (see note 12)|1,244|3,689| |12.|LOANS| |An analysis of the maturity of loans is given below:| |2025|2024| |£|£| |Amounts falling due within one year on demand:| |Other loans|2,445|2,445| |Amounts falling due between two and five years:| |Other loans - 2-5 years|1,244|3,689| |13.|MOVEMENT IN FUNDS| |Net| |movement|At| |At 1.2.24|in funds|31.1.25| |£|£|£| |Unrestricted funds| |General fund|11,123|(4,453)|6,670| |Designated Capital Spend|61,910|(200)|61,710| |73,033|(4,653)|68,380| |Restricted funds| |Moondance Foundation|2,903|(560)|2,343| |TOTAL FUNDS|75,936|(5,213)|70,723|

----- End of picture text -----

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THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2025

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
95,581
Designated Capital Spend
2,110
97,691
Restricted funds
Moondance Foundation
-
TOTAL FUNDS
97,691
Comparatives for movement in funds
At 1.2.23
£
Unrestricted funds
General fund
19,051
Designated Capital Spend
51,720
70,771
Restricted funds
Moondance Foundation
3,333
TOTAL FUNDS
74,104
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
89,344
Designated Capital Spend
12,500
101,844
Restricted funds
Moondance Foundation
515
TOTAL FUNDS
102,359

Resources
Movement
expended
in funds
£
£
(100,034)
(4,453)
(2,310)
(200)
(102,344)
(4,653)
(560)
(560)
(102,904)
(5,213)
Net
movement
At
in funds
31.1.24
£
£
(7,928)
11,123
10,190
61,910
2,262
73,033
(430)
2,903
1,832
75,936
Resources
Movement
expended
in funds
£
£
(97,272)
(7,928)
(2,310)
10,190
(99,582)
2,262
(945)
(430)
(100,527)
1,832

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THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2025

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

		Net
		movement	At
	At 1.2.23	in funds	31.1.25
	£	£	£
Unrestricted funds
General fund	19,051	(12,381)	6,670
Designated Capital Spend	51,720	9,990	61,710
Restricted funds	70,771	(2,391)	68,380
Moondance Foundation	3,333	(990)	2,343
TOTAL FUNDS	74,104	(3,381)	70,723

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund Designated Capital Spend Restricted funds Moondance Foundation TOTAL FUNDS	Incoming resources £ 184,925 14,610 199,535 515 200,050	Resources Movement expended in funds £ £ (197,306) (12,381) (4,620) 9,990 (201,926) (2,391) (1,505) (990) (203,431) (3,381)

Description of Funds:

Designated Capital Spend

The Designated capital spend represents the funds that the charity has committed on fixed assets and will reduce in line with the deprecation on those assets.

Moondance Covid-19 Relief Fund

Restricted funding towards building rental, static directional advertising and street signage, and improvements to visitor facilities.

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THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JANUARY 2025

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 January 2025.

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THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2025

INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Subscriptions Other trading activities Bus hire income Other income Interest income Total incoming resources EXPENDITURE Other trading activities Bus hire motor expenses Fixtures and fittings Charitable activities Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Sundries Motor expenses Subscriptions Rent Repairs & maintenance Training and Licenses Depn of fixtures and fittings Bank loan interest Support costs Finance Bank charges	2025 £ 69,616 8,515 2,865 80,996 16,537 158 97,691 8,198 2,310 10,508 290 5,712 2,237 171 171 1,037 77 3,683 25 74,500 1,582 - - 149 89,634 125	2024 £ 77,076 8,549 3,213 88,838 13,414 107 102,359 7,608 - 7,608 214 4,520 2,701 163 551 1,583 338 4,310 30 71,500 1,644 664 2,310 144 90,672 -

This page does not form part of the statutory financial statements

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THE SOUTH WALES TRANSPORT PRESERVATION GROUP LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2025

Finance Support costs Accountancy and legal fees Total resources expended Net (expenditure)/income	2025 £ 2,637 102,904 (5,213)	2024 £ 2,247 100,527 1,832

This page does not form part of the statutory financial statements

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Colin Scott

16 Nightingale Park NEATH SA11 3RX Tel 01639 642201

20/10/2025 To: The Charity Commission

Re: The South Wales Transport Preservation Group Ltd

For the purposes of its annual report to the Charity Commission, I can confirm that I have duly examined the Full Annual Accounts and Trustees report of the organisation and found them to be correct and in good order.

Yours faithfully

Colin Scott