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RUSHDEN HISTORICAL TRANSPORT SOCIETY

TRUSTEE’S REPORT YEAR ENDING Sept 2020

Charity no 285535

RUSHDEN HISTORICAL TRANSPORT SOCIETY

Report of Trustees ending 30[th] September 2020

The trustees are pleased to present their annual report along with the financial statement of the charity for the year

TRUSTEES: President: Richard Lewis

Chairman – John Sugars Vice-chairman: Colin Robinson Treasurer: n/a Secretary: John Holdom-Eyles MEMBERSHIP SECRETARY: Dave Stuttle

Other Trustees: David Floyd

Our Purpose

To advance the education of the public in the history of transport and to provide a museum for the public exhibition of vehicles and other artefacts of relevant historical interest.

The strategies used to achieve the Charity’s AIMS:

1.) Provision of Station Museum
2.) Running of Heritage railway
3.) Regular themed running and community events held at the Station.
4.) Development of the Goods Shed as a Community Hub
5.) Preservation and display of heritage commercial vehicles and railway rolling stock.
6.) Use of facilities to community groups and the use of Educational and Cultural visits.

2020 has been one of the most challenging of years for the Society because of the Covid pandemic halfway through the financial year.

The Heritage Railway operated by the Society was still not operational at start of the financial year and this initially impacted on the Society’s income. But it was the lockdown in March 2020 which decimated income for the rest of the financial year, from the period of March 16[th] until August 28[th] no events were run by the Society and there was no income from private hires of the facilities. But a good start to the financial year and the use of Government schemes meant the overall position of the Charity was an improvement on the previous year.

During the summer of 2020 the period of lockdown gave the opportunity to complete several refurbishment projects. We thank both East Northamptonshire Council and Rushden Town Council for Community grants that allowed the Society to replace the Goods Shed roof and refurbish the Goods Shed floor respectively.

With the help of Covid grants from the Government and the use of the Furlough scheme the financial situation stabilised and preparations were made for a restart in activities in the Autumn of 2020.

Public Beneft Statement

The trustees of Rushden Historical Transport Society offer services and facilities to the community that we believe take due regard of public benefit as stated in section 4 of the Charities Act 2006.

Registered Charity Number Rushden Historical Transport Society Report and Accounts 30 September 2020

Ru8hdon Hlstorf¢al Tmnsport Sodoty Report and accoun18 Contents Tnjsteg's Report 1b3 4toS Statement of FInarla1 Athitsgs Balance sheet Notes to the a¢nts Detaled Statement ol Nnandal Actie8 810 11 12to14

Ru8hden Hlstorlcal Tr8ngPOrt So¢loty The report ol the trustees for tho year ended 30 Sepiomber 2020 Introductlon Th8 trustees w88ent thoir annual r8POrt and aceounts lor the year ended 30 September 2020. rhe board of trustees arg satisfied with the pertomanc8 01 the ¢harlty during the year and th8 posilion at 30 ieptsmber 2020 and consider th the charty is in a strong wsrtion to continue its actiwlies durlng the x)mlrvJ year, that the charitS assets are adequate to fylfll tts obllgatrons. lam?. rogl81ornd offl¢a and constftuuon ol h• ¢harhy he full name ol the char]ty Is Rushdgn Hl8torirAI Transport Soclety. h618gal regtralk delalls are :. ate of lom7ali)n 20 Oct(thr 1982 ie princi Offlce Is The Station, Station Arproach, RusFxlen. Northwts, NNIO OAW ?affty R8g18tratbn Number telWDn8 number Is 0300 3023150 and ktlvltlè• of tho Charlty advance the educallon of ihe publlc in the hlstory of trans and to proMd9 a museum lor th8 pubfic IbitTr of vehkles and other artelacts of relevant hlstorlcal Intere. ucturn, Govornanco ar•d Man•gèmont r• ol the Govomlng Doeum•nt and eon&tNutlon of the eharfty I Chaty 18 an unincoTporated Bssociatlon gov8med by a conslrtutKn. Eliglbility lor mgmbershlp of the rty, ar¥J membership of the board of trustees is gov9rned by the constitutron. There are no reslilction8 In govornirg document on lh8 opfrrat]on ol the charity or on it8 Invostment powers, olher Ihan those ed by general charity law. rnborshlp of a wldor ithork Charity ha8 no respOnsi.1Y for. nor 1$ tt answerable to, any othèr organlsatton. mior rl8k lo whl¢h Ihe chwltylg expogod and revkn and •y8tem8 to mlllgato rf•k* harity is open to the usual financial risks of any organisalion. and the charity has Introduced controls to nise these rfsks. In addition, the ac(y)unts are regularty explained to members of th8 Charrty and are for memberfs Inspection at any Ilme. ugtees hav8 resotved to 88lablish rgserves to provth for future aCtItI9$, to provth funding for )8XPeCted10sseg in tho fUre.

The policy t)n re58rve$ is thal the exi5trng a888ts ar8 retalned to produc8 income is whdly ulilised to support existiro activiues. Thero is no intention in the kjry term to 8ith6r increase or decrease th8 capital slgnrfKantly. This policy 1$ justrfl8d in that li n8¢essary to PT8seNe income at the yes8nt l&vels in ord8r to malntsln the aclivltles ol the charlty. Avaliablllty and adoquacy ol as•¢ts of each ot lund The tjoard of truste8s Is satisfled that the chartys assets In each fuThY arg available arKJ aduate lo fultil its obllgations In resp8Ct ot each lund. Tran•aclloTh8 and Finandal pogftlon The tlnan¢lal slalgments ar8 set oul on pages 9 to 16. As slated in the Intrijdudion to thls report, the trustses consider the financial p8rformarKe by the charlty durtno the ygar io hav8 been SatlaCtory. The Statement ol Flnancial Actfviti8S Show Iruimlng resources for the ar ol a revenue nature of £45,995 {2019: In¢omlng resources £20,380). The total reS8TVOS atthe year erKI stand at £710,150 (2019: £664,155). A maiorty ot the oxpendriura Is spent on management and adminlstrallon. Tho mornb•rs ol the Boord of TNst• ol Iho Chorfty durlng lh• ygar ondad 30 S¢ptomb¢r 2020 J E Sugars C R Roblnson D Floyd R Lew* D StLrtilg J Holdom E$ Tho membws ol Iho Boird ot Trusw ol tho Ch•rlty al th• dolo tho l•POrt •nd ac¢ounts weY• approvgd wwo: J E Sugars C R Roblnson D F1 R Lewis D StLrttle J Hol(k)m Eyles Banknrn Lloyds TSB In(kpndem Examln•r Jonathan Essam Chartered Accountant 23 Cothngham Way Thrapston Northants NN14 4PL

Slatwnonl olTrustg' Re#ponslbllltta8 Charity Law requires the Board to prepare linancid statements for each financial year whlch give a true aTKI lair &W of lh8 Stalg ol affalrs ot the Charity as al the 8fKI ot the financlal Ye and ol the suiplus or defictt ol the Charity. In preparing those financial statements ts Board Is requiT8d lo . - yelt suitable accounling policies and then appty them Co18t8n11y. - make judgements and tiMateS that aro reasona@ and Prudent. arKI - prepar& the linancial statements on the golrKJ ¢orThrn basis un18ss It is Inappropriate lo presume Ihal the charty will contlnue in busin8SS. slal8 whethgr applicable ac¢ourrtlng stsndards and stat8ments ol r8commBnded practice have been followed, subj8Ct to any materlal departures dlsdosed and expldkd in the financial stalements. The tnjstees are $0 responsib lor maintalnlng prf¢)8r aLxountiw rerS v*hlch disclose with reasonabl8 accuracy at any time the financlal posttion 01 th8 charity arxj whrh are sufficient to show and explaSn the charilY8 transactions and 8nable them to ensure that the linanciat statements comply with r8guialions mad& uThJer the Charities Act. They are also reswnsible lor safeguardtng the assets of the charity arKI hence for taking reasonable sty for the prevention and d8t8clion of fraud and oth8r Irregularltle8. The trust88s are $0 responsibte tor the contents of the Irust8es' r8POrt, and tho resFnS1b1lty ol the ind8wndent 8xaminer In relation lo Ihe trustees, report 18 limlted to examlnlng ihe report and ensuriThJ that, on the lace of the rewrt, there aro no inconsistend8s with the lioures dlsdosed In th8 flnancid statements. Thls re[ was approved by the tjoard of tnjstees on 19 JU 2021 J E Sugaf8 Chairman

Rushden Hlstorlcal Trnnsport Soclety Independent Exomln•fs Report lo the trust3 ot tho charlty Report ol Ihe Indq)endonl Examlnor to Ihe trugtees on Ihe accounts oi iho Charlty lor the year ended 30 Septembor 2 I report on the financial 8latsm8nts ofth8 Gharity for the yBar erKled 30 Septembgr 2020 vthlch are 8et (MJI on pag8s 610 14. Ro•p•ctlvo r0w>nslbllltlag ol truste•s and wamlnor The trust are Ye8ponsikle for the FKeparath)n of tFp &counts. The chariV8 trustegs consldei Ihat an is nol required for this ar under section 144{2) of th8 Charrtieg Act 2011 (the 2011 ktl and that an1rn18penderrt 8xamlnation k8 n8edgd. 11 Is my responslt41ity to: axamine the accx)unls under Son 145 ot the 2011 Acl; lollow the proc8dur8s laid down in the gengrl D1ctIonS gen bythe Charity Commlssion urKler sectlon 145{5llbl of the 2011 Act. and State partbJlar matters have Lx>ffle to my attention. Buls ol Ind•p•nd¢nt •x•nlnorf8 report My examination was carried out In accordance wilh th8 gener Directions gNen by the Charity Commission. An examirHIM)n incl$ a ol the aKountlng iecords kept by the Charity aryj a comparison of the accounts pT8s8nt wth those rOrdS. It al80 irudeS consldeTat4on of any unusud items or disclo8uTes in Ihe accourrt8, and seeknng explanation$ from you as Iruslees concemlng any such matt8rs. The prttedures undèrtaken do not prode all the evKl8nce Ihal would be Tequlred in an audil and consequènty no opinion Is gfven as lo whether the accounts present a Iwe arxl falr vw atxl the report Es Ilrnited to those matters s81 OLrt In the statement Indyndort oxomlnet• •la**iiollt In conneclion my examlnatllm, no matter has com8 to my attent50n: tch gIS me reasonable causo to believ8 Ihal. In any matarlal r8speci, Ihe requirements: to ke8p a(wuntlng rewrds In accordance wlth 8eclion 130 of the 2011 Act: and to prepare ants which accord accounting records arKI ¢¢implywlih the accounting requirements ot the 2011 Act hav8 nol been m8t: or

to ththich, In my opinlon, att8nilon sh(Id be drawn In order to enabb a proper und8rstardiryJ of the accounts to be reachad. Jonathan Essam Chartered A¢ntant The Examlngrs r818vant professional qualilkallon or bth; ICAEW 28 CotiirwJham Way Thrapston Northants NN144PL The dat8 upon wthich my opinw ts ewessed Is :. 19Juty2021

Rushdon Hl8lorlcal Trangport Socloty Ststsmenl ol Flnanclal ktlvlllos for the yeaf ondad 30 Septambor 20 Unrn•lrfct•d Fund• Totsl Futtd• La•t Y•af Total Fund• 2019 Irwmlng mourc88 Voluntsry Incoma Aetiviti88 for ggngrallng thjr In¥estmant Irm& 77,669 208,234 77.669 208,234 24,417 Totsl incomlng reourco8 246,138 Costs ol generating voluntary in¢omo 80,272 158,866 1,850 80272 158,686 108,884 137,074 240.788 240,788 245,758 Not Incomlng lesour8 45,995 45,995 20,380 m0ven In lunds 45,995 45,995 20,380 Roconclliillon ot lund Tot•1 fvnds brought fonvard 664.155 664,155 643,775 Tot81 Fund$ lxrrfod lorward 710.150 664,155 All actl¥ftkn• darl¥8 lrnm contlnulng opornllon¥ Th• notr¥ M p4e8 8 10 11 ftwm on Integrnl pwl otlh•40 Accowbl&

Ru$hd•n Hlstorl¢al Transport Soclety Balon¢o Sheot a8 81 30 Septsmbor 2020 19 Th andllabHINes ofth ¢harfty." FIX amots TaTrJille ags6ts 657,364 518,835 Investments 657.366 518,837 Stk Debtors and prepayments Cash at bank and In haThl Total cunprt a8S•t8 I400 5562 125 145.901 13,430 6.726 228.893 249.049 Credltorn:. amounts due within one year 10 193,117) 1103.731) S2.784 145,318 Totsi le** cuThenl114blHtkns 710,150 664,155 710,150 664,155 Th• fimds ofthe ¢harfty.' Unregtrf¢ted Income lunds Unreslri¢ted revenue accumulaled hJTrts 710,150 Totsl unre¥trfct•d lundg 710.150 664.1 $5 Tolal charlty funds 710,150 664,155 J E Sugars Chalrnian Approv&d byth8 trustees on 19 July 2021

Rughden Hl811)rf¢al Transport Socl•ty Nots8 > tho k¢ount• for Iho yw •ndod 30 Septsmbor 2tr20 1 A¢¢ounllng pollcl h94818 of proparadon of the accounts The financial statements have b88n wepar•d In a¢¢oTdan¢e with the wS1On8 of the Charit188 Acts, and irdude Ihe results of the chartys op8rlons whlch are des¢rlb8d in tho Truslfj8S' R•pDrt, dl of which ar (x>ntlnuing. The partlcukn accountirvd polb•s ad are sel out botow. A¢counikng Convanll Th8 financlal statements are proparod, on a golThJ con¢wn bagb. urthr tho hL8t(wd cost convontk)n. In¢oming re80UTh8 are &c¥)untwl for on a recwabl8 bAsIs Bank intere is IndUd In tho Income exp8rKlkure ac(ount on a roc4fvabio ba8b. R•eognltlon of Ilabllltle8 LI)ilIt$ are rwnlwl on the aual$ b&8L4 In accord• wlth normal accountlThJ prlncw. Exp8rMdiiure is r8cogn18ed an aecfual basls as a li8bility k8 inwrred. In pthcular tho poIY for in¢ludlng Items wlthin costs Ot gon¢ratiffJ furKts. charitabb tthitios and govemart¢8 cos18 K8: Co8t• genelIng lund8 Those ar8 the Costs of lundrw$ing athilK8S. CharTtabl8 exp8nditure comprises tho$8 costs Incurrod by the charity in the delNery of its acwitl8s and servic8 lor its b&n¢ficiarl88. 11 Includos l>Jlh costs Ihal can bg lOcatl diT•city lo such activiii8s arKI those eosls ol an indirect nature n8ce8sary to SUPFQrt them. Govemaneè costs Includ8 thos8 costs &S5Odatl wth maeting the consif(Lrtional and stslulory requirements ol tho charlty and 5ndud8 tho accountarfs foes and costs li( to th8 8trat8glc manag•m8nt of thg chwlty. All costs are dkcatod bthèen th• ayndituro catggories ol thg Statement of Ftnan¢lal AdNIIo8 on a ba815 doslgned to reflect tho use ol the r8sour¢8.

Rushden H181orl¢al Tran8POrt Socloty Nole8 to lh• l£counts for th• y•ar ended 30 S•piombor 20) Flx•d488ets and deprnciatlon AM a¥s8ts ar8 8tat8(l at C051 prts. No dopredation 18 provthj on fixod 8s88ts, a8 It n?d9r tythe Mmmlttfje that Ihglr current vdu exceo(Lq tho book value in the a(xxJurrts. Taxatlon As a r8gisler8d eharKy, Iho organisatkin L8 gxompt from In¢omo and ¢orwrallon tax to 8xi8nt that its Income and gains ar¢ aabl& to char¢table purpos•$ onty. 2 Mndlng up or dl880hrtlan ol th• dwlty If Ly>n wlndlng up or dissolution of th8 charity Iherg rornn ary a880ts, aftarlhe satlOn of all dobts and Ilabilitles, the as$ot$ rèpresented by the mlat¢d lund shall be tran8ferr•J lo somo other charltable bclly orbo(A88 havlng sknllar ob to the charty. 2019 Th1* l• •l•l•d tscredltlng :" 285.903 aftw¢hvglng I1rn1 Examinovs Fe8$ No oxp8n888 w•r8 pd lo IrLF$t or Fer8on8 nn8(ad wlh Irn. 2019 Oth&r bank dOF4xk Intrnt rec8MI

Hushden Hl•lorl¢al Trnnyrt So¢lety Notes to th• k¢ounl• lor Ihe year Ond 30 Sopiember %120 6 slaff Cogts Emolumil• 2019 Gr salwibs fi Nl and ponsicThl orlull Ilm8qulvaknts 2019 char6tabk8 actNiti&s There w8r8 no leos or other remunoratKJn pwd to th8 trusts8S Thore vmro no 8mpk)y8gs whh 8molumants In ex(8s of £60,000 per annum 7 T9}blo fLmcllond fixed •••#• oporty •qulpmanl Totsl Awtcort tuatIOn or r•valugd amount At1 OGlob8r 2019 Adjltb AI 30 SoPternb8r 2020 £¢umulotsd doprncl•tton Impolrnwit provl•loM At 1 October 2019 At 30 Swemtér 2020 338,467 129,000 PAK 180,368 518,835 138,529 book valuo At 30 S8P18mr 2tr20 At 30 Septembor 2019 189,897 657,364 338.487 Unllrtod Totsl Vduo val at 1 (klotw 2019 Valu• al 20 2020

Aushdon Hlgtorfcjl Trnn•port Socl•ty Noteg to the A¢¢ounts lor the year endod ao Sepiombor 21Y20 Unll•tsd Inbp•knert• ooffiprla• :. Valuo Vu• 2019 2019 FtsJ8hd8n Hh3hsm & welllngbxoh Rallway Ltd Sth)SKliary undortaktng T(tsl 9 D•blor• 2020 2019 Tr* ¢ieblors Other Debtors 4,206 5.582 10 Crodltorn.. •mounts lalllw dug wllhln one 2019 Trnd8 uedrtors and aCu oxponsos 93,117 103.731 103,731 11

Rushdon Hl8tortcal Transport Socloty Schedule to tho Stalemont of Flnancl•l kUvltl8s for tho yw 8nded 30 Sgptsmbor 2020 Unr••trl¢W Totsl Prlor P•rlod Fund8 Fundg Totsl Fund• 2019 Incomlng R080urces Voluntary Inoomo lknmmonl and publk bodl In¢omlng r•Joure•g of a r•wnu• nalurn HMRC: Job Retention Scheme Grant East Northants Dlstrlct Coulldl Total 12,139 12,139 Non gov•rnmont and non publ1¢ bodl Iwnlng rolourw of • nalur•. gran sU1ry (h)natlons 160 Total Grnnts, Lty•¢l•• & Don10 Roc8lbd IXhfA voIuAlory Inc¢x Members, SubscrlDUons Totsl olh•r voluntsry Incrym Tot•1 Voluntary Incomg 77,669 24,417 AclMtte• lor gw•raUng lund• FurrtlrSIr¥J 208,234 Total ol actlvllle8 lor gongrallng lund• Investment Incomo (Xher bank dew$lt Intsrest r1V&1 880 Tolal Inv881th Income Total Incomlng R08our$ 2¥783 286,783 2138 12

Ru8hdon Hlslorleal Tran8POrt Socloty Schedule to Iho Statement of Flnanclal Acllvltl for th• yur ondod 30 Sopiembor 2020 Unrn•trfct•d Total Prfor P•rlod Fund• Fund• Totsl Fund• 2019 Costs of gengrallng lunds Cost of furnlralslry acifvilles 80,272 1D8,684 In support of elwrtl•bl• •ctlvlU•s Gross wages arKI salarl88. charltthe a¢tMtye8 49,748 49,748 57,231 3270 3,270 675 Rerrt payable Rales, water ar#d seplice charges Insurance Ught aTKJ Pat LauThlry and ¢leanlryJ Premlses repalrs arKI rerwals 5,112 13.334 10,266 5,112 13,334 10266 10,049 10,807 4.821 20,097 143 45.745 Tdephorn Irrtemet Prlntlng, postsge. stytKinery and ad¥erUslng Htro of equipmerrt Bank charges arKI Interest Sundry exFnses 4,7Y3 5.725 3214 354 4.723 3,667 3,214 15 Legal afKI professiorial fees 12,29) 12 12,290 Total eosls 15 158 Totsl Expended on Chorfl•blo Actlvltle8 137,074 13

Ru8hdon Hlslorlcal Tranoport Socl•ty Scheduto lo the Slalomont ol Flnandal Acttvltlos tor th8 y•ar ond•d 30 Sgptombw 2020 Unr8•trlct•d Totsl Fund8 Prlor P•rlod Tolal Fund• 2019 Govomance costs IIMt¥re not dlrnct nwmgement fiinctlon Inher1 In genera lund MThlce dollvery 8ndprogMmmo orpmlect work (Includlng management and admlnl8tratlon ) Independent Examlrls Fees Total gov•rnanco CO8ts 14

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RUSHDEN HISTORICAL TRANSPORT SOCIETY

RUSHDEN HISTORICAL TRANSPORT SOCIETY

Report of Trustees ending 30[th] September 2020

Our Purpose

The strategies used to achieve the Charity’s AIMS:

Public Beneft Statement