## **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**
|**Note**
**Incoming resources**
3
Generated funds
Voluntary income
Activities for generating funds
Investment income
Charitable activities
Other incoming resources (Trustee Loan)
_Total incoming resources_
**Resources expended**
4
Generation of voluntary income
Charitable Activities
Governance costs
Other resources expended Trustee Loan
repayment)
Depreciation
_Total resources expended_
**Net income/expenditure (-) for the year**
**Reconciliation of funds**
Total funds brought forward
Net movement in funds throughout year
Prior Year adjustment
_Total funds carried forward_|**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**|**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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