2022-05-31-accounts

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CHARITY COMMISSION FOR ENGLAND AND WALES Tru8teas' annual rnport (including Dlrector8' report) for the perlod From.. 0110612021 To: 31105121)22 Charlty name: FrierKls of lfjng Ad Buses Charity reglstratlon numb•r: 1175535 Company number: 11031147 Objectives and activltle8 SORP rahnl Summary ofthe purposes of the charity a$ $et oul in ts goveming document Para 1.17 In a£cwdan WTth clause 5.1 ofthe charltys Artldes of A5soclèth)n Constltution Yo purchase. malntsln, resto and pServe for the benefit of the publ[¢ vehEcles. artefacts. archive materfal an(i other Items whlch pertain to and refiett the transp¢rt herfta8¢ and thararter of R. Chlsnell & Sons Ltd Itja King Alfred Motor SeNlte51 and other bus and coach operotlons In the Ctty of Wlnchestsr and the surrounding areas,. Summary of the main activitie8 in relation to th08e PUTposes for the public benèfit, in particular, the actlvitw6, projects or services tdentlfied in the 8¢counts. P8rn 1.17 and 1.19 In planning activlties forthe year land for the longerterml the Trustees have 3t all times been mlndfLFI of the Charfty Commlsslon'5 guldance on publlc benefit. In prartlcal ttmis. thi5 has in the pa5ttsken rhe fomi of attendance by FoKAB- owned historfG vehicl¢s at numerous herltase- related nts at varrous venues in southern England, where in most eS membets of the public have had the opportunltyto travel on variety of FoKAB-owned vehicles. In common with almost every other transport related heritage ¢)r8anisatlon the Charlty was afferted bythe Coronavirus pandemicwFth the result that few outdoor attmties IFOKAB'S own or events organised by others which the charity typlcally attends) took place durine Summer 2021. However by September 2021 a major Runfting Day Itn conjunction wlth the Herltage Open Days event) took place. As the first such eventslnce January 2020 it was a major success both in temis gf numbers of passengers carrJed

and money raised. This was folbwed by a smaller Running Day in January 2022 and a major Running Day in May 2022. This marked a retum to the previous pattern of a falrly small évent In Januaryi a muth larser on¢ in the spring and another in the autumn, the latter as part of the wfder HwRage Open Day5 Inltiative organised tywinchester Gty Councll In partnersh5p wtth other herity bles. Lookln8 tothe fUre, and as has been noted In previous years, theTrustees remain COnSCiOLts of the need to seek a MO suitable base for the collection. The 17 vehicles In FoL4B's stewardship are now stored at three different locatlons, none ot whlth ha5 long term securty of tenure nor is sultable for access bythe 8eneral public. Attentlon contlnues to focus on this area, although with the hlgh propery prices and plannlrva re5trlcUons assodated wÈth the Winchester area no 5ultable opportunkies were identlf*d during the reporttng year. Statement confimlng whether the trustees have had regard to the guidancè i8sued by the Charity Commission on publ benefrt Parn1.18 The twstees ha re8ard to the guidance Issued by the Charity Commiwon on publlc benefft at all ttme& Addttional inforniallon (optlonal) Ycwm Ghoose to include fvrther statements where relevant 81)0 SORP r8fernKe The contrfbution made byvolunteer5 ts crlrical to FOKAB'S ongoingsuccess. All operatlonal and admlnlstratlve tssks are carried out entirely by unpald volunteers drawn from the membership, as is the great majority of en8ineerin8 and restoration activity. Without such enthusiaStIc suppo¢ FOKAB would Simply be unable to eontinue its present level of athievement. Contribution made by volunteers Para 1.38 Achievomants and p•rfonnanca

RevivN of the Gharity's financial posiuon St the end of the Pam 1.21 The board of trustee5 is satisfled that the charlty's assets are avallable and adequate to fuffii its obliBations. statement explaining tl policy for holding reserves stsung why are held PaTa 122 The nature of the charit$ activtties in restorlng and malntsining a collection of 17 hlstorl¢ motor vehicles require5 a significant sum 'in hand, agalnst contln8encies such a5 major component overhaul or replacement. Agalnstthis b8cWund. the charitys Invesirnent & ReseThe5 Policy spectfie5 that at least £15k will be held in current account {unstricted fvndsl, representing a typical six month< out8oln85. Beyond that an yapped amount Is held In a depostt accourrt, r4lsed predomlnandyfrom le8acies and donatKJnsi prlmarily forthe purpose of eventual acquisTtion of pemanent premlses. Future pollcy wlll focus on continulng to bulld financial resources in readlness for property acquisition aimed at securln8 the charitvs long-temi future. In the short terni. some of th15 fund may be nee(led to cover the Increased rent atthe new premises a8ainst bad(ground of reduced hJndraisinB opportunlties ar151n8 from the coronavirus pandemlc and assoaated recessoon. However, the net position wlll be mltigated through ontrlbutlon5 from members. Amount of reser held Para 1.22 £171.639 Reasons for holding zero reserves Para 122 NIA Detai18 of fund materialty in deficit Para 1.24 NIA Explanation of any unc8rtaintie8 about the charity continuing as a going P 1.23 None. The charity ha5 sufficlent reser4ES and 5UPPOrt of the members to be onsidered a going conrn. Addilional Inforniation (optional) Youm choose to include fvrther statements where relevant about

Para 1.47 Maln sources of funding are donatlons from 5UPPOrters, from membership fee5, from legacies, and from sales and stall income associated wlth the Running Day and other events. The charity'$ pri1p3 sources of fvnds (includlNd any fundraising) A description of the prindpal risks fa¢ing the charity Para 1.46 The runnlng of successhjl events In September 2021 and subsequently Shows that the trustees were justifled in believln8 that interèst in the 8roup's activities {both from members and from the public) remains strong and that such events as we are able to organi5e will be well sUPPOrted and produced fund raising and de5ivery of public benefit comparable with that of previous years. The second reant risk affectin8 FOKAB is the absence of securlty of tenure in relation to the various premlses where the buses are stored. Further, as noted in previous years, even where the landlord is happy for the Charity to remain in occupation there is the risk of a demand for an increased rent and thls has come about In relatlon to one of the buildings occupied where the Tent ha5 more than doubled. . Accordinsty, the trustees continue to look for alternative sources of funds and to pursue the long-term objective of ownlng our own accommodation. Structurn, governance and management

D88cription of charity's Type of goveming document: for example, ¢ieeo. Inyrr..o,"anaum anu articles cf a880frlntion elp Par• 1.25 Memorandum & Articles of Assoclatlon {Incorporated at Companies House on 25th October 2017). How is the chaiity constituted? Pata 1.25 Charitable Company Limited by Guarantee (CLG) wlth 2(M) member& loi- exam.ple iimiteo company, ilii P¢orpOrtsre Lq88OCi&ilOn, Trustee se18Ctron meth8 including details of ary ¢on8titutlonal provision$ e.g. electlon to post or name of any parson or body enlitl8d to appoint one more trustees Pata 1.25 Trustees are appointed or reappointed by election by the member5 of the CLG at the Annual General Meeting held in Septernber or October each year, In accordance with the Artide5 Of Association. The principle adopted is that each year one third of the Trustees shall retlre but may stand for re- electlon. Additlonal inforniation (optlonal) You ma thry)se to SnGtude further statements where relevant about: Trustees are appointed or reappointed by election by the members of the CLG at the Annual General Meetlng tradltionally held In Ortober each year but for the last few year5 held remotely by Zoom in september. in accordan with the Articles of Association. The principle adopted Is that each year one third of the Trustees shall retlre but may Stand for reelection. Pojictes and procedures adopted for the inductfjon and training of tru8to8s Para 1.51

FOKAB Is a member of Communlty First Havant & East Hampshire ICFHEH) enabling Trustees to attend courses explainin8 the responsibllities of a reglstered charlty and their role In its Management. FOKAB is also a member of the National Association of Road Transport Museurns INARTM) whlch prOVeS u*ful advi and the opwrtunlty to exchange ideas on 'best prartice, with other organisations with slmilar alm& Membership Is also malntained of individual 'marque' dubs le.g. for Alblon, Dennis, Leyland vehides) who are able to asslst restoration, especially in sourcing rare skills or replacement parts. The Gharity's organlsational structure and any wlder nelwork with 1¢h the charity works Para 1.51 An infomial and cordial relatlonship is also malntained wlth bodles such as Winchester City Council and Winchester Discovery Centre. Including attendance by historic vehides at appn)priate events and other participatlon in heritage activities. The Trustees see that approprh3te insuran5 are In place to cover motoring risks, asset values and public liablllty. A Health & Safety sub-committee meets when requId and provides advi to minlmlse risks to volunteer workers and the wider public. All trustees give their time on an entirely voluntary basls and receive no remuneration or other benefits.

Friends of Kin8 Alfred Buses is the sole shareholder of a donnant company. Kin8 Alfred Motor servi Limited. The company number 1$ 12587632 ReL*ion8hlp wlth any related partles Para 1.51 Ref•renc• and admlnistratlve dotai18 Charty name Friond8 of Klng Alfr Bu8•8 Other name the charity uses Reglstered charity number Charity'$ principal addre88 1175535 34 High 8trrt Nutfteld. Redhlll, RH14HQ Namm of the charfty tru•to0s who manage the charlty Offlc• (If any) Datss •cl•d n1whO Chalmian llama Of poY8on lorbody) •ntlU•d James D.F. Freeman David R, Morgan Stephen G. Bigley Roger Harrls Dave Ledbury NiGhola8 Richardson Henry Pratt Secretsry Trèasurer

10 11 12 13 14 15 16 17 18 19 20 rate trustees- names of the directors at the dats the re Dlr•¢tor namo wasa Stephen G. Bigley James D.F. Freeman Ro8er Harris David Lodbury David Mor8an Henry Pratt Nicholas Richardson Name of truÉta89 holdlng Ibtta to piDpety belonging to the tharlty D•l•s 4ct•rt Ifnotforwhol• yw Funds held as custodian trustses on behalf of other8 DesrJiption of the as8ets held in this capacity

Name and objerts of the charity on whose behalfthe assets are held and howthi8 fall$ within the custodian charity's ob Details of arrangements for safe custody and Segregation of such assets from the eharEty's own aet8 Addluonal Informatlon ioptional) Names and addre89eg of advlsers (opJon•l Infornmtion) Type of adviBgr Addre Nama rrf chl•f oxwdv• or n•m•• of Mnlor slaff mem1rS (optional InfomialFon} Examptlon8 from d•8cIo8ure Reason for nortsdi8¢103ura of nnel datai Other o tional infonnatlon Doclaratlons

ieport) abov Full nanx(•)

Friends of King Alfred Buses	CharityNo	1175535
	CompanyNo	11031147
Annualaccountsforthe period
Period start date 1st June 2021	To	Period end date 31st May 2022

Section A Statement of financial activities (including summary income and expenditure account)

Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Unrestricted funds Restricted income funds Endowment funds £ £ £ F01 F02 F03	Total funds Prior year funds £ £ F04 F05	Total funds Prior year funds £ £ F04 F05
101,809	-	-	101,809	72,263
16,302	-	-	16,302	-
18,929	-	-	18,929	13,765
14	-	-	14	34
	-	-	-	-
	-	-	-
137,054	-	-	137,054	86,062

4,203	-	-	4,203
79,639	-	-	79,639	84,203

5,000	-	-	5,000	-
88,842	-	-	88,842	84,203

48,212	-	-	48,212	1,859
-	-	-	-	-
48,212	-	-	48,212	1,859
-	-	-	-	-
48,212	-	-	48,212	1,859
-	-	-	-	-
-	-	-	-	-

	-	-	-	-
-	-	-	-	-
48,212	-	-	48,212	1,859

283,907	-	-	283,907	282,048
332,119	-	-	332,119	283,907

CC17a (Excel)

12/03/2021

	of King Alfred	Buses	Charity No Company No	1175535
				11031147
Section B Balance	sheet
Guidance Note Fixed assets Intangible assets (Note 15) B01 Tangible assets (Note 14) B02 Heritage assets (Note 16) B03 Investments (Note 17) B04 *Total fixed assets* B05 Current assets Stocks (Note 18) B06 Debtors (Note 19) B07 Investments (Note 17.4) B08 Cash at bank and in hand (Note 24) B09 *Total current assets* B10 Creditors: amounts falling due within one year (Note 20) B11 *Net current assets/(liabilities)* B12 *Total assets less current liabilities* B13 Creditors: amounts falling due after one year (Note 20) B14 Provisions for liabilities B15 *Total net assets or liabilities* B16 Funds of the Charity Endowment funds (Note 27) B17 Restricted income funds (Note 27) B18 Unrestricted funds B19 Revaluation reserve B20 Fair value reserve B21 *Total funds* B22	Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds £ F03	Total this year £ F04	Total last year £ F05
	-	-	-	-	-
	10,000	-	-	10,000	15,000
	146,000	-	-	146,000	146,000
	-	-	-	-	-
	156,000	-	-	156,000	161,000

	-	-	-	-	-
	5,000	-	-	5,000	5,000
	-	-	-	-	-
	171,639	-	-	171,639	118,427
	176,639	-	-	176,639	123,427

	520	-	-	520	520

	176,119	-	-	176,119	122,907

	332,119	-	-	332,119	283,907

	-	-	-	-	-
		-	-	-	-

	332,119	-	-	332,119	283,907

	-			-	-
		-		-	-
	332,119		-	332,119	283,907
				-

	332,119	-	-	332,119	283,907

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

*ect to the small companies regime and in accordance*	*with FRS102 SORP.*
Signature of director authenticating accounts being sent to Companies House Signed by one or two trustees/directors on behalf of all the trustees/directors	Print Name	Date of approval dd/mm/yyyy
	S G Bigley	23/02/2023


	Signature	Date dd/mm/yyyy
		23/02/2023

CC17a (Excel)

12/03/2021

Section C Notes to the accounts

Note 1 Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

• the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014

and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

Disclosure of any uncertainties that make the going concern assumption doubtful; Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern. An explanation as to those factors that support the conclusion that the charity is a going concern;	*The charity's trustees have assessed that the charity has* *sufficient cash reserves to continue its operations and meet its* *liabilities as they fall due for at least the next 12 month period.* *Therefore it is deemed appropriate to prepare the accounts on* *a going concern basis.*
	*Not applicable*
	*Not applicable*

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }.

Yes No		* -Tick as appropriate

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).

Yes No		* -Tick as appropriate

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).

Yes No		* -Tick as appropriate

CC17a (Excel)

12/03/2021

Section C Notes to the accounts (cont)

Note 2 Accounting policies

Yes No N/a*	Yes No N/a*	Yes No N/a*
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Yes No N/a*
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Yes No N/a*
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CC17a (Excel)

12/03/2021

Yes No N/a*	Yes No N/a*	Yes No N/a*
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Yes No N/a*
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Yes No N/a*
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Yes No N/a*
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Yes No N/a*
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Yes No N/a*
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Yes No N/a*
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Yes No N/a*
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Yes No N/a*
		

£1,000
Yes No N/a*
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Yes No N/a*
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Yes No N/a*
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CC17a (Excel)

12/03/2021

Section C Notes to the accounts (cont)

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Income Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Income Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Income Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Income Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Income Analysis of income	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Income Analysis of income
Donations andgifts	69,475	-	-	69,475	61,944
Gift Aid	17,619	-	-	17,619	10,319
Legacies	14,715	-	-	14,715
General grants provided by government/other charities		-	-	-	-
Membership subscriptions and sponsorships which are in substance donations		-	-	-
Donatedgoods,facilities and services		-	-	-
Other	-	-	-	-
Total	101,809	-	-	101,809	72,263

	-	-	-	-	-
Vehicle "runningdays"	16,302	-	-	16,302	2,847
	-	-	-	-	-
Other	-	-	-	-	-
Total	16,302	-	-	16,302	2,847

	-	-	-	-	-
Sale of surplus items and FoKAB branded items		-	-	-
	-	-	-	-	-
Other	-	-	-	-	-
Total	-	-	-	-	-

Interest income	14	-	-	14	34
Dividend income	-	-	-	-	-
Rental and leasingincome	18,929	-	-	18,929	10,918
Other	-	-	-	-	-
Total	18,943	-	-	18,943	10,952

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Total	-	-	-	-	-

Conversion of endowment funds into income	-	-	-	-	-
Gain on disposal of a tangible fixed asset held for charity's own use	-	-	-	-	-
Gain on disposal of a programme related investment	-	-	-	-	-
Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
Other	-	-	-	-	-
Total	-	-	-	-	-

	137,054	-	-	137,054	86,062

CC17a (Excel)

12/03/2021

Section C Notes to the accounts (cont)

Note 4 Donated goods, facilities and services

Use of property Other Seconded staff		This year Last year £ £	This year Last year £ £
		-	-

		-	-
		-	-

Please provide details of the accounting policy for the recognition and valuation of donated goods, facilities and services.	All donated goods that are not fixed assets are accounted for at fair value unless it is impractical to reliably measure the value of the donated items. In absence of any direct evidence of fair value of donated goods, then a value is derived from the cost of the item to the donor or, in the case of goods that are expected to be sold, the estimated resale value after deducting any anticipated costs of sales. If it is impracticable to measure the fair value of goods donated for resale, or the costs of valuation outweigh the benefits, the donated goods are recognised as income when sold, with an equivalent amount being recognised as an expense.
Please provide details of any unfulfilled conditions and other contingencies attaching to resources from donated goods and services not recognised in income. Please give details of other forms of other donated goods and services not recognised in the accounts, eg contribution of unpaid volunteers.
	Not applicable

	In accordance with the SORP and in recognition of the difficulties in placing monetary value on the contribution from volunteers, the contribution of the volunteers is not included in the income of the charity. The charity however depends on the support of its volunteers which is much appreciated. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.

CC17a (Excel)

12/03/2021

Section C Notes to the accounts (cont)

Note 5 Expenditure

Note 5 Expenditure
Analysis Expenditure on raising funds:	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year
Incurred seeking donations	-	-	-	-	-	-	-	-
Incurred seeking legacies		-	-	-	-	-	-	-
Incurred seeking grants	-	-	-	-	-	-	-	-
Operating membership schemes and social lotteries	-	-	-	-	-	-	-	-
Staging fundraising events	3,490	-	-	3,490		-	-	-
Fudraising agents	-	-	-	-	-	-	-	-
Operating charity shops	-	-	-	-	-	-	-	-
Operating a trading company undertaking non-charitable trading activity	-	-	-	-	-	-	-	-
Advertising, marketing, direct mail and publicity		-	-	-	-	-	-	-
Start up costs incurred in generating new source of future income	-	-	-	-	-	-	-	-
Database development costs	-	-	-	-	-	-	-	-
Other trading activities	-	-	-	-	-	-	-	-
Investment management costs:	-	-	-	-	-	-	-	-
Portfolio management costs	-	-	-	-	-	-	-	-
Cost of obtaining investment advice	-	-	-	-	-	-	-	-
Investment administration costs	-	-	-	-	-	-	-	-
Intellectual property licencing costs	-	-	-	-	-	-	-	-
Rent collection, property repairs and maintenance charges		-	-	-	3,440	-	-	3,440
	-	-	-	-	-	-	-	-
Total expenditure on raising funds	3,490	-	-	3,490	3,440	-	-	3,440
Expenditure on charitable activities:
Bus restoration, accomodation and maintenance	77,281	-	-	77,281	78,200	-	-	78,200
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total expenditure on charitable activities	77,281	-	-	77,281	78,200	-	-	78,200
Separate material item of expense
	-	-	-	-	-	-	-	-
Other running costs eg stationery costs	3,071	-	-	3,071	2,563	-	-	2,563
	-	-	-	-	-	-	-	-
Total	3,071	-	-	3,071	2,563	-	-	2,563
Other
Depreciation	5,000	-	-	5,000	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total other expenditure TOTAL EXPENDITURE	5,000	-	-	5,000	-	-	-	-
	88,842	-	-	88,842	84,203	-	-	84,203

CC17a (Excel)

12/03/2021

Section C Notes to the accounts

Note 6 Details of certain types of expenditure

Note 10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

*Please provide details of the amount paid for any statutory external scrutiny of* *accounts and other services provided by your independent examiner. If nothing* *was paid please enter '0' in the appropriate box(es).*
Tax advisory fees Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than independent examination	This year £	Last year £
	-	-
	-	-
	-	-
	510	971

CC17a (Excel)

12/03/2021

Section C Notes to the accounts (cont)

Note 7 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation

14.1 Cost or valuation	n
Freehold land & buildings Other land & buildings Plant, machinery and motor vehicles Fixtures, fittings and equipment Total £ £ £ £ £ At the beginning of the year - 25,000 - 25,000 Additions - - - - - Revaluations - - - - - Disposals - - - - - Transfers - - - - - At end of the year - - 25,000 - 25,000 Basis* SL or RB (Straight Line or Reducing Balance) SL or RB Straight Line Basis SL or RB SL or RB Rate 20% At beginning of the year - - 15,000 - 15,000 Disposals - - - - - Depreciation - - 5,000 - 5,000 Impairment - - - - - Transfers - - - - - At end of the year - - 20,000 - 20,000 Net book value at the beginning of the year - - 10,000 - 10,000 Net book value at the end of the year - - 5,000 - 5,000 14.3 Net book value 14.2 Depreciation and impairments*	Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Total £
	-		25,000	-	25,000
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	25,000	-	25,000
	SL or RB (Straight Line or Reducing Balance)	SL or RB	Straight Line Basis	SL or RB	SL or RB
			20%

	-	-	15,000	-	15,000
	-	-	-	-	-
	-	-	5,000	-	5,000
	-	-	-	-	-
	-	-	-	-	-
	-	-	20,000	-	20,000

	-	-	10,000	-	10,000
	-	-	5,000	-	5,000

14.4 Impairment

Not applicable

This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

CC17a (Excel)

12/03/2021

Not applicable

Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

CC17a (Excel)

12/03/2021

Section C Notes to the accounts (cont)

Note 8 Heritage assets

Please complete this note if the charity has heritage assets

16.1 General disclosures for all charities holding heritage assets

This class of assets contains 17 vintage buses, coaches and one car that are owned by the charity. The assets are reviewed annually for impairment. Any gain or loss on the revaluation will be recognised in the SOFA.	This class of assets contains 17 vintage buses, coaches and one car that are owned by the charity. The assets are reviewed annually for impairment. Any gain or loss on the revaluation will be recognised in the SOFA.	This class of assets contains 17 vintage buses, coaches and one car that are owned by the charity. The assets are reviewed annually for impairment. Any gain or loss on the revaluation will be recognised in the SOFA.	This class of assets contains 17 vintage buses, coaches and one car that are owned by the charity. The assets are reviewed annually for impairment. Any gain or loss on the revaluation will be recognised in the SOFA.	This class of assets contains 17 vintage buses, coaches and one car that are owned by the charity. The assets are reviewed annually for impairment. Any gain or loss on the revaluation will be recognised in the SOFA.	This class of assets contains 17 vintage buses, coaches and one car that are owned by the charity. The assets are reviewed annually for impairment. Any gain or loss on the revaluation will be recognised in the SOFA.
The main aims of the entity are to advance the education of the public by increasing knowledge and interest in all aspects of transport, heritage, vehicles and artefacts of bus and coach operations by R. Chisnell & Sons Ltd (who traded as King Alfred Motor Services) and other operators local to the City of Winchester and surrounding areas. Therefore the entity seeks to acquire and preserve its fleet of vintage buses. The charity volunteers to do most of the restoration and maintenance of the fleet of vehicles although some tasks need to be contracted out.
Buses Heritage asset 2 Heritage asset 3 Heritage asset 4 Total £ £ £ £ £ 146,000 - - - 146,000 - - - - - - - - - - - - - - - - - - - - 146,000 - - - 146,000
Not applicable					Straight Line ("SL") or Reducing Balance
Not applicable
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 146,000 - - - 146,000 146,000 - - - 146,000
146,000	-	-	-	146,000
146,000	-	-	-	146,000

16.5 Impairment

This year

Please provide a description of the events and circumstances that The fleet is reviewed annually for insurance purposes. It is led to the recognition or reversal of an impairment loss. recognised that conventional valuation processes are not applicable to these vehicles due to their unique status. The trustees base their valuation on the initial cost to purchase the vehicles and the subsequent maintenance and major overhauls that are undertaken to improve the condition of the fleet.

Last year

Please provide a description of the events and circumstances that Not applicable led to the recognition or reversal of an impairment loss.

16.6 Revaluation

If an accounting policy of revaluation is adopted, please provide:

the effective date of the revaluation the name of independent valuer, if applicable qualifications of independent valuer the methods applied and significant assumptions any significant limitations on the valuation

This year	Last year
31.05.2022	31.05.2021
The trustees	The trustees

16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation

At valuation Group A £	£	Total £
146,000	-	146,000
-	-	-
-	-	-
-	-	-
-	-	-
146,000	-	146,000

16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)

(i) Explain the reason why heritage assets have not been recognised on the balance sheet. (ii) Describe the significance and nature of heritage assets. (iii) Disclose information that is helpful in assessing the value of heritage assets. (iv) Explain the reason why it is not practicable to obtain a valuation of heritage assets.	This year	Last year
	Not applicable	Not applicable
	Not applicable	Not applicable
	Not applicable	Not applicable
	Not applicable	Not applicable

CC17a (Excel)

12/03/2021

Section C Notes to the accounts (cont)

Note 9 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

19.1 Analysis of debtors

19.1 Analysis of debtors
Total Trade debtors Prepayments and accrued income Other debtors	This year £	Last year £
	-	-
		-
	5,000.0	5,000.0
	5,000.0	5,000.0

Complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above)

Total Trade debtors Prepayments and accrued income Other debtors	This year £	Last year £
	-	-
	-	-
	-	-
	-	-

CC17a (Excel)

12/03/2021

Section C Notes to the accounts (cont)

Note 10 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Amounts falling due within one year	Amounts falling due within one year	Amounts falling due after more than one year	Amounts falling due after more than one year
This year £	10048 £	This year £	Last year £
-	-	-	-
-	-	-	-
		-	-
-	-	-	-
520	520	520	520
-	-	-	-
-	-	-	-
520	520	520	520

Accruals for grants payable Bank loans and overdrafts Trade creditors

Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

This year Last year

*Movement in deferred income account* Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period	This year £	Last year £
	-	-
	-	-
	-	-
	-	-

CC17a (Excel)

12/03/2021

Section C Notes to the accounts (cont)

Note 11 Cash at bank and in hand

Note 11 Cash at bank and in hand
Other Short term deposits Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date)	This year £	Last year £
	-	-
	-	-
	171,639	118,427
	-	-
	171,639	118,427

CC17a (Excel)

12/03/2021

Section C Notes to the accounts (cont)

Note 12 Events after the end of the reporting period

Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

----- Start of picture text -----
This year
Please provide details of the nature of the
event
Provide an estimate of the financial effect
of the event or a statement that such an
estimate cannot be made
----- End of picture text -----

CC17a (Excel)

12/03/2021

Section C Notes to the accounts (cont)

Note 13 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE

Last year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)

TRUE

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

This year

There have been no related party transactions in the reporting period (True or False)

TRUE

Last year

There have been no related party transactions in the reporting period (True or False) TRUE

CC17a (Excel)

12/03/2021

Independent�examiner�s�report� on�the�accounts�

��Section�A��Independent�Examiner’s�Report�

Report�to�the� Charity�Name� trustees/directors/� Friends�of�King�Alfred�Buses� members�of� On�accounts�for�the�year� 31[st] �May�2022� ended� Charity�no.: 1175535 Company�no.:� 11031147 Set�out�on�pages� 1�-�2� (remember��to�include�the�page�numbers�of�additional�sheets)

I�report�to�the�charity�trustees�on�my�examination�of�the�accounts�of�the� Company�for�the�year�ended� 31[st] �May�2022. Responsibilities�and� As�the�charity’s�trustees�of�the�Company�(who�are�also�the�directors�of�the� basis�of�report� company�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�for�this�year�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�sstatement	Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershave
	cometomyattention(~~otherthanthatdisclosedbelow~~ *)whichgivesme
	causetobelievethat:
	•accountingrecordswerenotkeptinaccordancewithsection386ofthe
	CompaniesAct2006;or
	•theaccountsdonotaccordwithsuchrecords;or
	•theaccountsdonotcomplywithrelevantaccountingrequirementsunder
	section396oftheCompaniesAct2006otherthananyrequirementthatthe
	accountsgivea‘trueandfair’viewwhichisnotamatterconsideredaspart
	ofanindependentexamination;or
	•theaccountshavenotbeenpreparedinaccordancewiththeCharities
	SORP(FRS102).

October�2018��

IER�

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.�

*� Please�delete�the�words�in�the�brackets�if�they�do�not�apply.�

Date: 21/03/2023� Signed:� Name:� Anthony�Michael�Dobson� Relevant�professional� qualification(s)�or�body� (if�any):�

Address:� 4�Thornbury�Wood,�Chandler’s�Ford,�Eastleigh,�SO53�5DQ�

Section�B��Disclosure��

Only�complete�if�the�examiner�needs�to�highlight�material�matters�of�concern� (see�CC32,�Independent�examination�of�charity�accounts:�directions�and� guidance�for�examiners).��

Give�here�brief�details�of� any�items�that�the� examiner�wishes�to� disclose .�

October�2018��

IER�

Section A Statement of financial activities (including summary income and expenditure account)

Note 1 Basis of preparation

1.1 Basis of accounting

1.2 Going concern

1.3 Change of accounting policy

1.4 Changes to accounting estimates

1.5 Material prior year errors

Section C Notes to the accounts (cont)

Note 2 Accounting policies

Section C Notes to the accounts (cont)

Note 4 Donated goods, facilities and services

Section C Notes to the accounts (cont)

Note 5 Expenditure

Note 6 Details of certain types of expenditure

Note 10.1 Fees for examination of the accounts

Note 7 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation

14.4 Impairment

Not applicable

Section C Notes to the accounts (cont)

Note 8 Heritage assets

16.1 General disclosures for all charities holding heritage assets

16.5 Impairment

This year

Last year

16.6 Revaluation

16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation

16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)

Note 9 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

19.1 Analysis of debtors

Complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above)

Note 10 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

20.2 Deferred income

Note 12 Events after the end of the reporting period

Section C Notes to the accounts (cont)

Note 13 Transactions with trustees and related parties

28.1 Trustee remuneration and benefits

This year

Last year

28.2 Trustees' expenses

28.3 Transaction(s) with related parties

This year

Last year

Independent�examiner�s�report� on�the�accounts�

�����������Section�A������������������������Independent�Examiner’s�Report�

Section�B���������������������������Disclosure��

��Section�A��Independent�Examiner’s�Report�

Section�B��Disclosure��