2025-03-31-accounts - Tyne Tees Heritage Transport

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Tyne Tees Heritage Transport

Report and Financial Statements for the year ended 31 March 2025

Charity number 1202611

Tyne Tees Heritage Transport

Report and Financial Statements for the year ended 31 March 2025

Contents	Pages
Directors’ and Trustees’ Report	3 - 5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Financial Statements	8-12

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Tyne Tees Heritage Transport

Directors and Trustees Annual Report for the year ended 31 March 2025

Reference and administration details

Charity name: Tyne Tees Heritage Transport Registered charity number 1202611 Registered office address Unit 9 Philadelphia Complex Houghton Le Spring DH4 4UG

The trustees under charity law who served during the period and up to the date of this report were:

John Kelly (Appointed 4 April 2023) Trevor Hines (Appointed 4 April 2023) Stan Stanger (Appointed 4 April 2023) David Warren (Appointed 4 April 2023) Paul Christopher Adgar (Appointed 18 December 2024)

Structure, governance and management

Tyne Tees Heritage Transport is a Charitable Incorporated Organisation (Charity Number 1202611) registered as a charity on 4[th] April 2023. The Charity is governed by its Constitution.

The Trustees are appointed by the members on a skills basis ensuring that all have a commitment to the area of work of the charity and the skills needed to deliver the strategic plan for the next period. There was one additional trustee, Paul Adgar appointed in this financial year. The trustees met face to face or with hybrid meetings at regular intervals during the year. There are no paid employees and 60 volunteers who all contribute to the day to day running of the charity.

Objectives and activities

The charity's objects are: to promote for the benefit of the public the acquisition, conservation, preservation and operation of historic vehicles and associated artefacts and to advance the education of the public in the said vehicles for the benefit of the culture and heritage of the north of England in particular.

The trustees have had regard to the guidance issued by the Charity Commission on public benefit.

Achievements and performance

During the year the trustees built on the work done in their first year of operation by developing a website to ensure that the group is visible to members and supporters and growing its presence on social media.

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A large event was planned and delivered in July 2024 at Seaburn which attracted approximately 3500 visitors across 2 days. This was a great opportunity to showcase the work of Tyne Tees Heritage Transport and recruit members. We also supported a number of other events during the year including Beamish Museum, Goathland Show and the Houghton Feast Parade.

In November 2024 we were granted a two year licence for buildings 9 and 10 on the Philadelphia Complex, formerly the Lambton Colliery Waggonworks. These are large Grade II listed buildings which need refurbishment but have the scope to be turned in a Transport Museum and a workshop respectively.

Our first grant was received for capital works which enabled an external contractor to be appointed to paint the exterior of building 9 while volunteers worked extensively to clean out the buildings, replace windows and develop the office and small kitchen area so that it becomes usable. The grant was paid in arears by Sunderland Council, so a loan was given to the Charity by one of the trustees to enable the payment to be made to the contractor. This will be repaid in the next financial year as soon as the grant payment is received from the Council.

The final months of this financial year was spent in planning our first open day for April 2025. We have combined displays of vehicles with a small autojumble and circulated information to our members and followers and through a leaflet drop to the residents of the surrounding housing estate.

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Financial review

The trustees’ policy in relation to reserves is to establish sufficient financial reserves to support the charity for at least a three-month period. As we made a small surplus this year we have been able to start to build back our reserves and as we have been able to reduce some costs this brings us much closer to that level.

At the yearend there was £5,217 in reserves of which £0 was restricted.

Trustees’ responsibilities in respect of the financial statements

Charity reporting requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity at the year end and of the net incoming/outgoing resources of the company for the year then ending. In preparing these financial statements the trustees are required to

select suitable accounting policies;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare financial statements on a going concern basis unless it is inappropriate to assume that the Charity will continue on that basis.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable it to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the trustees on 22/12/25 and signed on their behalf by

John Kelly Trustee

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Tyne Tees Heritage Transport

Statement of Financial Activities (incorporating a Receipts and Payment Account) for the year ended 31 March 2025

Unrestricted Funds 2025 Restricted Funds 2025 Total Funds 2025 Total Funds 2024	Unrestricted Funds 2025 Restricted Funds 2025 Total Funds 2025 Total Funds 2024	Unrestricted Funds 2025 Restricted Funds 2025 Total Funds 2025 Total Funds 2024	Unrestricted Funds 2025 Restricted Funds 2025 Total Funds 2025 Total Funds 2024	Unrestricted Funds 2025 Restricted Funds 2025 Total Funds 2025 Total Funds 2024
£	£		£




	-

	-
2136	11142		13278 893
5000	-		5000
*7136*	*11142*		*18278* *893*


-	-		-
117	11142		11259 195
			-
2500			2500


*2617*	*11142*		*13759* *195*

4519		0		4519 698


698				698
4519		0		4519 698


*5217*		*3198*		*5217* *698*

All the charity’s operations are classed as continuing and recognised gains and losses and movement on reserves are shown above.

The notes on pages 8 to 12 form part of these accounts.

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Tyne Tees Heritage Transport

Balance Sheet as at 31 March 2025

Note
Total Funds
Fixed Assets
Tangible assets
Depreciation
7
Total fixed assets
Current Assets
Debtors
8
Cash at bank and in hand
Total current assets
Liabilities
Creditors: amounts falling due within one year
Trustee Loan
Wages
9
Total current liabilities
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Provisions for liabilities and charges
Net assets
The funds of the charity
11
Restricted income funds
Unrestricted income funds
12
Prior Year Adjustment
Total charity funds

2025
Total Funds 2024
£
£
0
0
2500
5217
698
7717
698
2500
2500
0
5217
698
698
-
-
5217
698
0
0
5217
698
5217
698

These accounts have been prepared in accordance with the provisions applicable to charities subject to the small charities regime.

The charity is not required to have an audit or independent examination under section 145 of the Charities Act 2011.

Signed on behalf of the Trustees

John Kelly Trustee Date 22 December 2025

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Tyne Tees Heritage Transport

Notes to the Financial Statements for the year ended 30 June 2024

Note 1: Basis of preparation

1.1 Basis of accounting
These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with the Financial Reporting Standard 102 (FRS102) as applicable to Charities (effective January 2016) comprising the Statement of Recommended Practice Accounting and Reporting by Charities (“SORP 2015”).

Note 2: Accounting policies

2.1 Incoming resources

2.1.1 Recognition of incoming resources

These are included in the Statement of Financial Activities (SoFA) when:

The charity becomes entitled to the resource
The trustees are virtually certain they will receive the resources and the monetary value can be measured with sufficient reliability
2.1.2 Incoming resources with related expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA.
2.1.3 Grants and donations

Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.

2.1.4 Tax reclaims on donations and gifts
Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate.
2.1.5 Contractual income and performance related grants

This is only included in the SoFA once the related goods or services have been delivered.

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Notes to the Financial Statements for the year ended 31 March 2025

2.1.6 Gifts in kind
Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable.

2.1.7 Donated services and facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measureable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

2.1.8 Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

2.1.9 Investment income

This is included in the accounts when receivable.

2.2 Expenditure and liabilities

2.2.1 Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
2.2.2 Governance costs
Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and costs of any legal advice to trustees on governance or constitutional matters.
2.2.3 Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

2.3 Assets

2.3.1 Tangible fixed assets for use by charity These are capitalised if they can be used for more than one year and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.

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Notes to the Financial Statements for the year ended 31 March 2025

Note 3 Analysis of incoming resources

Unrestricted Restricted Total 2025 £ £ £ Grant Income Sunderland City Council 3000 3000 Sunderland City Council UKSPF 8142 8142 *Total incoming resources* 0 *11142* *11142* Note 4 Analysis of resources expended Unrestricted Restricted Total 2024 £ £ £ Charitable activities Staffing Sessional staff/Consultant Administration/IT Refreshments Consumables Building Costs Charitable Expenditure 0 0 0 0 117 0 0 1280 0 0 605 8252 1005 0 1280 0 0 722 8252 1005 *Other Resources* *Expended* Bank Interest/Charges Depreciation Bad Debts 0 0 0 0 Loan repayment 2500 0 2500 *Total resources expended* *2617* *11142* *13759*	Unrestricted Restricted Total 2025 £ £ £ Grant Income Sunderland City Council 3000 3000 Sunderland City Council UKSPF 8142 8142 *Total incoming resources* 0 *11142* *11142* Note 4 Analysis of resources expended Unrestricted Restricted Total 2024 £ £ £ Charitable activities Staffing Sessional staff/Consultant Administration/IT Refreshments Consumables Building Costs Charitable Expenditure 0 0 0 0 117 0 0 1280 0 0 605 8252 1005 0 1280 0 0 722 8252 1005 *Other Resources* *Expended* Bank Interest/Charges Depreciation Bad Debts 0 0 0 0 Loan repayment 2500 0 2500 *Total resources expended* *2617* *11142* *13759*	Unrestricted Restricted Total 2025 £ £ £ Grant Income Sunderland City Council 3000 3000 Sunderland City Council UKSPF 8142 8142 *Total incoming resources* 0 *11142* *11142* Note 4 Analysis of resources expended Unrestricted Restricted Total 2024 £ £ £ Charitable activities Staffing Sessional staff/Consultant Administration/IT Refreshments Consumables Building Costs Charitable Expenditure 0 0 0 0 117 0 0 1280 0 0 605 8252 1005 0 1280 0 0 722 8252 1005 *Other Resources* *Expended* Bank Interest/Charges Depreciation Bad Debts 0 0 0 0 Loan repayment 2500 0 2500 *Total resources expended* *2617* *11142* *13759*
	0 0 0 0 117 0 0 1280 0 0 605 8252 1005	0 1280 0 0 722 8252 1005

	0 0 0 2500 0 *2617* *11142*	0 2500 *13759*

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Notes to the Financial Statements for the year ended 31 March 2025

Note 5 Details of certain items of expenditure

5.1 Trustee expenses There were no trustee expenses during 2024/25
5.2 There no fees for the examination of the accounts

Note 6 Paid employees

During the year, the organisation employed no staff

Note 7 Tangible fixed assets

The charity owns no fixed assets.

Note 8 Debtors

Analysis of debtors Debtors Payment in arrears SCC UKSPF Total Note 9 Creditors Analysis of creditors Creditors - outstanding trustee loan Total	2025 £




	*2500*
	2025 £ 2500 *2500*

Note 10 Transactions and related parties

During the year a trustee advanced a loan of £5000 to the charity to assist with short-term cash flow. The loan is interest-free and repayable after six months. At the year-end, £2500 remained outstanding.

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Notes to the Financial Statements for the year ended 31 March 2025

Note 11 Movements on funds

Fund balance b/fwd Incoming resources Outgoing resources	Fund balance b/fwd Incoming resources Outgoing resources	Fund balance b/fwd Incoming resources Outgoing resources	Fund balance b/fwd Incoming resources Outgoing resources	Transfer between funds Fund balance c/fwd
£		£	£	£ £
Restricted funds

Sunderland City Council		3000	3000
Sunderland City Council UKSPF		8142	8142
*Total funds* 0		*11142*	*11142*	0 0


Note 12 Net assets by fund Unrestricted £ Fixed assets Net current assets 5217 Long Term creditors 0 Total assets *5217*				2025 £ 0 5217 0 *5217*

		Restricted £	Total


		-
	5217	0
	0
	*5217*	0

Liability of Members

The liability of members is limited by guarantee. In the event of the charity being wound up during the period of membership, members would be required to contribute an amount not exceeding £1.

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