RegL8t8red company number 10593862 Registered Charity number 1194729 THE HEAVY TRACTOR GROUP 37714 Report and accounts Year ended 31 January 2024 of Tho H•avy Tractor Group 3r114 Report for the yo•r ondlng 31 J•nu•ry 2024 The HTG are pleased to pfesenl thelr 8nnu81 dlreL%orn' report together wlth thè fln8nckql statem8nts of the charity for the year endSng 31 January 2024 whlth aro 8180 pr8par8d to meet the requlrements for a dlrectors. report and accounts for Compani88 knt purpose8. The fin8ncial st8tements comply wth the Charttles Act 2011. the Companlo8 Ad 21X)6, the Memr8ndum and Arttdes of A9$4xlatbn. and the ch8rftle8 Sta18mwt of Recommend prad1¢￿ {applicable to (*8Till88 preparbng thgir accounts In accord8nc* with Ihe Finandal Rèportlng Stsndard appIl￿ble In the UK and R8publlc of Ir8larNJ: FRS 102) i￿Ued In October 2019. Achl•v•m•nts and pOrforn￿ne• Tho Group has continued to go from Strength to strength durfng 2023. Both the locomotives have proved very reliable and have seen regular use at th8 Great Contral Raitrway. ljoth on passenger and goods trains and 37714 on trfp V•orkings. and has (x>ntInl￿d to be a popular tho1(* for Drfve a L¢xomotlve Ex￿rIenCeS {DATEX). 37714 has also seen its first attefKlanc8 at another Railway's Die$81 Gala attendlng the None Valley Railway for a week arNI was the Stsr attrac￿On provlro very popular on DATEX'S and during the Gala. D6700 has seen the majority of the malntenance att8ntk)n. with a new Sat of batterles fitted arNJ an AVR. this has rectified the startlng issues. We have also rectified thè fuel dIlut￿ft Issue and some minor ervJinè Issues. The locomotive has settled down and is now a r8118t)la P8rfornwr. The Group's rel8tKX18hlp vAth Loram UK has strength8ned with us being taken on to their CSR programme. We have SUppl￿d Spare parts to to enable mainllne Class 37's to crMlSnue to perforn their dutlas. and we have received help with spares also. Thoy have sponsored the erKJine pre41eater bthlch will be Invaluable In preservlng englne lrfe. We a180 entered into a partnershi) wlth Loram (anylng out the s￿appIng of 37605 whlch was purchased from Dlrect Rall Services to provKle a pool of spares for us and Loram. Tho YAvrk wa8 carried out entlrdy by us at tNJth Loram's 8lte and eventually ts lo￿ nyjving to the GCR for us to finish the process. We donated parts to V8rlou8 Herltage Groups arKI Mawillne Companl8s e for 504. The money rals8d wlll go dlrecuy to 37714 next repalnt arKI overtwul. The models are due to arrtve In Q1 of 2024. 202312024 has been another 8UCC888fiJl ya8r and looklng ahead 202412025 promlses to be in similar ve￿. Our purpo••8 and a¢llvld•• The purposes of the d)aiity are.. To advance the 8du¢2tion of Ihe KHJbllc Ihrough tho preservalk)n. 0￿ratIon and eXhib￿lon of an English Electric dass 37TI diesel k)c(xnotlve. the malntenance of books, r•cor(ls. drawlngs, dolxunents. swnd arKI vlsual recordlngs, fllms. photographs and 8rtefacts relati￿ to 8uch locoffthes or components. 88SiSt6ng other di•s81 k)comotiv8 gr￿p5/￿aritIas with the provision of parts and ted￿1C81 asslstance and the trainirvJ for en9bn8ering 8pprentIc￿. The vlslon tt*l shapes cAJr annual actiyitss r8mths the pr888rv8tkJn and operatK)n of of the la8tywalnkng Hea¥yweWI Class 37 locorythos, at the GCR Loughborough. Thè charlty also has the akn of rnak%￿ the loccxnth avallable for use at other Herltage Rallw•y8 tjr specaal events PA￿ eevefal offern arg urmler LX)nskJwallon. In shaplng our obledves for the year and Plann*￿ our a¢aivlUes, the trustees hav8 consthred th8 Charlty Commlsslon's guKlanco on publK b8n8frt. Indudiry the guklanc* . 'puIAk benefit: Nnnlng 8 dwnty (PB2)'. The kxc¥notiv8 r81188 on the In¢>Mie from runnkng f881 and hke thaffJeS to cover its oper8tkYJ Costs. W• endeavour to encwfage all wllhln wr communlty to take part In our 8th1￿8 and to atterKI c4Jr nmnlng days. The 8trategle8 wnp1o￿d to athleve the dwrws alms 8fKI ob￿S are to: To advance the edu(sllcffi of Ihe Public thr￿9tt the presep48tlon, exhibltion afid Operati￿ of an Ero118h Electrsc Class 3717 Dlesel lo(xmotlve Th8 maintsnan(% of book8, re￿￿1$, dr8￿nn98. d0￿ments and ￿&Ual re(x)rdlrys. films, photoargphs and artefacts re18ting to locomotlve Make the k)c£vnth avallable for the ￿tIre Nmlng Season to meet118 Nnnkng days, Gala duties and other 88rvices as required by the GCR. offer forApprenU¢* Englrthrs to d6valop th0Sr skJll8 ' asslst other Cla3b 37 and other Loccffiotlve Groups wlth the supply of part8 on a loan bas15 as rwulred to keep Ihelr locxYnotl4p runnl celebrate the Ilfe of Paul Fairfax a ￿orn0￿￿ englnoor responslble for th8 Introdudbn of the l¢)(xynotive at Cardfft Cantfm dewL The IcKomotlv8 carrlos the name CaTdffl Canton arAI a plaque In his memory Putung theso 8tsatogles inlo adon we h8VO three mapr arnas of activity which are: Nnnlno and operntlon of the kK￿motI￿•. oducatlonal programmes for STEM. arKt the fosterfty of relaticmship8 With current mainlww r8lbway caynpanies. Tho are ¢y8rat￿l on a rola basis at the GCR aThl 0porat￿l on 2 waokonds per mcfftlh. arg also part of th8 hc¥ne fleet for Dwel Gal88 and18 avallabie for Charters and Drive a Loco exporknnces at th8 GCR. The STEM and Apprnndceshlp pnw•mm• Wo aro engaging with local sthools to make the kKomotlv8 avallable for for STEM projects, this is ongong During t￿ planned malntenan(x day8, ihe Gener81 Publlc are 8n¢x>urag8d to vkgw the work 8nd ask qu8Stbn$. JJ The GCR Apprentic•s are 8n(¥)ur8ged to 8381st w#h th8 m8lntsnan¢8 to galn exporf8nce of dles81 l0Cffi￿t1ves. R•laflonshlps The Charity has Strong relatbn8hlps wllh several r811 eNJSneerlng companles to help wlth the ongoing maintenanc* of th8 locomotiV8. This Is athieveAI through the donatk)n and sa18 of parts and tethnltsl advice. The thartty ￿rrentlY bMxk8 wlth UKRL and Loram. Our voluntpers Thè Chartty conslsts of 11 members and Is very Involved In GCR offerlng asslstm to maintain 2 othgf locomotives. Flnandal r•vl•w The Charity receives fees from the GCR for runnlng days arKI SFseaal hirè fees. Thls momy Is pakl quarterly and is used for th& sole purpose of maintaining the lo¢omotive. R•8wv•s poll¢y and golng concern Reserves are needed to cover unforesègn ￿$ts. The aim Is for the bank account to always have £1500 in credit after allowing for any ￿mmItted costs. R•feren¢o and admlnlstratlve dotall• ria Charity number.. Company number. Registered Offi¢X: Our thls•rn 1194729 10593862 SprirvJlarKls. HIgh￿fjod Road. Uttoxet8r, Staffs ST14 8PT Acc￿ntants. Walters Hawson Llmit8d Nofham House Mountenoy Road Rotherham vi,'oin S602AJ 11(x Dlrectors •nd trustees Tho TNstoe8 of tho eharftable company (the tharty) are Its twsle•8 for tho puw of charlty law. Th8 tru8tee8 and offi(¥r8 8epiing durlng the year and since thg >wr end wer8 as folbws: Directors A Glllett M8E (Chalr). N Ball, R Capell, J M John80n Secretary- post unfilled Govamlng Document A model articles is availaNe Oryanlsatlon The Charity consists of 11 members and. wheTr allowed, meets monthly for maintenance and meetlngs. Ail decision5 are d8clded by vote. The Charlty TTU8tees are re8ponglble for pr8P8rlng a trugt888' annu81 rnport and Ilnandal statsments In accordance with appllc8ble law and Unlted Kkigdom Aecountlng Stsndards {Unlted KIngd￿l Generally Accept8d Accountlng Practlce). Company law *•qulres the charity kn prepare financlal statements for each y8ar ￿lch glve a true and falr vlow of the state of affalrs of the ¢harll8bl8 company 8nd th8 group and of th8 Incomlng re￿urceS and appllcalion ol resources. Including the incorne and expenditure, of the charitable group for that perfod. In preparing th8 financial stat8ments, th8 trustees ar8 requlred t*. • 8elod sultable a￿ountIng polldes and then apply them 0￿318t6nty. • observe the methods and prinopl88 In the Charities SORP; • make judgements and estlmates that are reasonable and Pfudent. state whether applicable UK accountirvJ standards have been followed. SUb￿Ct to any matorlal departures disck)sed and explaingd in the finanaal statements" prepare th8 finanrial statèments on the golng ts)nc8m ba8L8 unbss li Is Inappropriats to presume that the charity will continue in business. The Twstees are responsibl8 for k88plng proper 8¢£ountlr¥J records thal disc108e w6th roasonable ac￿raCY at any time the financ181 position of the charity and to enable them to onsure that the financial stalements comply with thé Companles Ad 2006. They are also responsible for safeguardSng the assets of the tharity and the group and hen￿ lakirvJ raas¢)nable steps for the prevention and detection of fraud and othèr irregularities. The Tnjstees are responsib18 for the maintenance arKI Integrtty olthe o)rporate and finan¢lal infomation included on the chadtable company's website. Legislalion In the Untted Kingdom goveming the preparation and dissemination of ffinan￿al statements may differ from leglslation Sn other lurisdiclions. Thks re￿rt has been pr8pared in acts)rdance with the provlsbns In Part 15 of the Companies Act 2006 applicable to companies subject to the small f>)mpan￿S regim Thls report was approve4J by the board on 18 Oclober 2024 A Glllett MBE Chalnnan Hea￿ Trador Group IDd¢pend¢Dt Ex•mlner's Report to the of Tb¢ H￿vY Tr•e¢fjr Gro•p 37714 l ryort ¢0 the ChArity tn￿ttts on exthnination of the of the th¢ yer ended 31 J￿￿Ory 2024. RdpO￿l1b1j[dm Ind b•￿1 ofreptyrt A$ the chviry trjsitts of the comp8ny (WMI tlj direclon for the of eompwry law) you •r¢ re8pon8ible for the preparation of the •¢￿ull￿ ill accord￿ with the tEquirrnts of the Acl 2￿0 ('the 2006 Art). Hiving Satisfied myyelf th8t t￿ accowtt of the ¢ottwany Bre not rcqutred to ￿ wdit¢d under Part 16 of the Art 8r¥l •Tt cli￿1)1¢ for indepe￿IeTrt exwnimtion. I rqM)rt in respect of my eKwnination of yow ¢ompany'J Iceowts C4TTied out under Se¢fion 145 of the Ch￿ltieS Act 2011 ('the 2011 Ad'l. In carying out my examinatiots l knie follo*Yd the Dire¢tioN gifftby the Chority Commission urKler ￿110￿ 145{5Xb) of the 2011 A¢L rin a¢¢Mtiti8 not kept in of th¢ Comp￿Y w requi￿1 by 386 of the 21X)6 A¢tr. the do TM)t #ccord with those record8: or the aC￿mts do not conwly with the accow]tin8 requirements of section 396 of the 21KAS A¢t ththan aoy that the a¢counts 8ive 8 'true WKI fair view, which is not a ttwtter ¢0osidered as part of AD the accounts have not been prepared in accordance with th¢ mell￿)d6 principles of the staten￿ of Recom￿ Praeiice for 8ecountiD8 attd reporting by charities. '1 ￿ve DO C4>ncwM have Come across no other matters in connection with rhe exanjination to whieb •ttentioTr slK>uld bc drnvm in this rq)ort ID ord¢r to ¢nable a proper undmtandin8 of thc accounts to bc le￿￿¢d. S60 2AJ 18 October21Y24 THE HEAVY TRACTOR GROUP 37714 Proflt and L038 Account Year ended 31 January 2024 ri¢9 2023 th0. Tumov•r 28,449 18,714 Admlnljtrth èxp•nxs Other op8rallng In￿me (19,351) (22WI Op•rntlng {loMV (4,171) Inlorest rec*W I (Lo•8VpYofft on vrdln•ry •ctlvltl•• b•lor• tsx•Oon (4,171) Tax on profft on tydlnary 8¢b¥ltlo8 (Lo*•Vwofft for lh• flmnclal y•ar THE HEAVY TRACTOR GROUP 37714 Stat?ment of Ilnanclal actllltles Year ended 31 Janu•ry 2024 2024 2023 In¢om• Grants and d￿81￿￿$ 2A22 Incomiro frrmn ch8ril8tAe Actwtres Oper8ting fees Othgr Ir￿0￿ 10.948 9.242 12.804 Total Ineomo 18.714 Exp•ndllurn on Charit8blg 8ctiwti8S 18,671 Total expendI￿rn 19.351 Net Id¥fi¢ltyln¢om• for the ye•r 14,171)r' 39.840 FuThJ bal8nc8 fO￿ary1 35.669 balance carrled fonvard 42.767 35,669 l fvnds are unreslricied. THE HEAVY TrACTOR GROUP J7714 Balance Sh•et Year ended 31 January 2024 Company numbar: 10593862 Not 2024 ,•rtY ol 2023 1¢ fy)b,th Flx•d a880ts Tangible asset8 35,CX)O 35,000 Curr•nt al￿￿ Sto¢k$ D8btor5 Cash at bank and 378 10,278 12,256 21,956 Cr•dltors: amounts falllng du• wlthln on• 15.789 *1 11,587 Not currnnt ••s•ts 7,767 Total asMl8 lèsi ¢urrwrt Il•bllltl•* w, 42,767 35,869 Net aso•ts 42.767 3S.669 Capltal and r•s•rv Uwestricted Nicome fvrKI Ra8tricted income funds 42,767 35.669 '.L Totrl funds 42.767 35.669 The dlrectors are satiSf￿d that th¢ company is entilled to exemptKJn from the requirement to (A)tan an aud under se#ion 477 ofthe Companies Act 2(￿. The membws have not wured the ￿1MpanYt0 obtsln an audrt In acwrd8nf* vffjth seraion 476 ofthe A¢ Th8 directors ackn￿ledge the6r responsibilrfies for cOM￿￿ng ￿th thè requwemonts of thè Ccffnpanies A wilh respect to ow)unting recor(Is and the preparation of acL))unls. The acLounls have been wepared and delivernd in ac£>)nJant* with the wial pro¥Isi￿$ aFvIKAtle to compan*s subject lo the small CoMpan￿S regime. A Gdlett Dlredor Approved by th6 board on 18 Oc*ober 2024 THE HEAVY TrACTOR GROUP 37714 Not•s to th8 Accounts Year frndod 31 January2024 l Accounllng pollcl•• B4s15 of pmp•r•tton Th• H￿Vy Tr8ctor Group 3771418 8 th8rltsl￿e cowny lIn￿lad by guaranteè rogl8lornd In Englond And Wales. In th• •v•nt ol befjng wound up, the118bllbty In Tesp¥ct ol the gugranl89 Is Ilfftlled to £1 par m&mt4r. The •ddrnty8 ol lh• r•Jl$l•r•d Offi￿ Is gfvon In the Informallon on pag8 l of finandal 8woments Tho èntsty l¥ 8 rn918tgrgd ¢h8rfty. Thjmbgr 1194729. Th8 •nUty (￿sI1ttrt8S a putlk bènèfit ontlty a8 dofln*J by FRS 102. Th8 flnand81 8tatsmenls been yepared kn occ4x(l8n￿ with the Ch8dUeJ.' Stst8ment of Racorrmended Pr8cts'¢t 8PF41ca￿8 lo chadlle8 weparing th81r occounts In 8coJrd8nce ￿ ihe Fln8ndal Rèporbng Siandavtl aOlc8ble In thè UK and R8wblS¢ of IrelarKI (FRS 102118su￿ In O¢tob8r 2019- ICharttle$ SORP IFRS 1021. Ihe FInan￿81 Rerrt)rbng Slondard applIca￿a kn th8 United Kingdom ond Republ1¢ ol IT8Lqnd IFRS 102). the Chgn166s Acl 2011, thg Companles Act 2006 and UK G0neraNy A¢copted Pr8dce. Th9 gntsty d¢M not Indudg 0 ¢98h statsrmrt on th• grounds that Jt18 ap￿5￿ng FRS 102 Soctlon 1A. Donations 8nd $undry Incom• ar& o¢¢ounted for on a recelpts ba$lB. Gront Incowo and f•e IneA%ne are ac<>)unl8d for t)n èn 8¢¢ru¥l$ baslty. In80for as It18 P￿￿nI lo do so. D•pr•cl•tlon Th& cGThpany rnBlntsln8 tts oF4rntlrKJ loCorrth￿ In full wth*lrvJ rydw, arrfl 811 rouilne m8lntonan¢8 costs 8r8 charged to rgvgnug wsts vthen Incurrèd. Lrxonxitfvay afe th•rgfore Con￿der9d to have Indetom￿nat• I￿8 Ond thtr dIr￿torS do not ￿rAId￿r It 8ppr￿al0 lo thargo dopwallon. Itgffo of Income awe rgcognl8ed and uiduded in the a¢¢ounts wh8n al of the followlng avo met.. - thg entity has entiljemont to the fund8- - any wrfLvm8nc8 conditiWS Attached to the item{8) of in¢m havo been mot or arè frjlly within th of the entity - there is sufficient certalnty that receipi of Iho Incom8 Is r¥JnsldaTed probabl&: and - the aTh*)unt can be mgasured rellably , THE HEAVY TRACTOR GROUP 37714 Notes to tho Accounts Year ond•d 31 January 2024 Accountlng pollelM- ¢ontlnu•d Fund •C￿Und￿9 Unroth¢ted fund8 are avallable to 4)end on advllles Ihat furth8r any ¢harltabl• wryK4•8. RestrlrAed funds rdatg to Incomlng resourc8s vthore the monles are ty the kyantor to bo soldy used for prtlcular actlvlll68 or prc4ect& Whore the Is al￿0 to securo any Lther sTants vthlL* ore fry 8p8dflc wdeL*8. th8t18 8h(Yhn 88 rwtrlcted IrKx)mo arKI the relatod exp8fKlltur8 58 dlrectly allocated a$ r8strfcbJ furKJ exwxlitixo. Exp8ndhure Is rectsgn188d on¢• there 18 a legal or ¢￿Strl￿IvQ obligallon to make a paymont to a third party, 11 Is probable Ih8t settlemgnt wll be requlred arKI the amount of the obligation can bo m8gwred re118bly. For SORP accounts PUfP05es, the entlty18 regarded 08 havlng a SI￿8 actlvlty and slmpte affairs. In v18w of that. expendlture is reported by ils natural analyss. and no dlstinctlon is made bett￿ dirnct expenditure. SUPF*)l expenditure arKI govemgnce &￿t5, 811 of thich ean be readlly thntif￿ frc the detallad braakdovm of costs provided. 2 Grants •nd donallon• 2024 Grants and donatlon$ rocelvod durlryJ the y88r wwe.. Don8ilon$- dlrecdy from group membws 11)) 10 THE HEAVY TRACTOR GROUP 37714 Notes to the Accounts Year ended 31 January 2024 3 Staff numbor and co•t• The cy)mpary h88 no aM￿OyeeS other than liié direct￿8. The company ha8 many o¢tlv8 vdunleer8 fredy d8dlcatlng thelr tlme and 88rvicos, 4 Tanglble flx•d ••Mt• Plant and maGhln•ry Total Co•t At 1 Febnjary 2023 Addltlons At 31 January 2024 35,CO) D•pr•clatloTr Al 1 F8￿jary 2023 Charge for the perfod At 31 January 2024 Not book v•lu• Al 31 January 2024 35.iJX) At 31 Janu8ry 2023 5 D•btorn $41•* 2024 2023 Tradè dèbtors Othèr taxes aNJ 8oclal 80curity c¥>8ts- VAT 378 378 6 Cr•dltorn: amounts falllng du• wlthln on• y••r 2024 2023 Otherlaxes and scdal Se￿rtty o)sts- VAT Loan from A GSllett De￿￿ts for Mcdel Accruals 2,077 9,392 720 15,789 ' 7.507 11,587 7 Tru•ts• remuneratlon and oth•r rnlatsd party tranM¢Uon No directOFS were paid ￿ had expenses reimbursed for their 11