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2022-09-30-accounts

RUSHDEN HISTORICAL TRANSPORT SOCIETY

TRUSTEE’S REPORT YEAR ENDING Sept 2022

Charity no 285535

RUSHDEN HISTORICAL TRANSPORT SOCIETY

Report of Trustees ending 30[th] September 2022

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: John Blackadder Secretary: n/a MEMBERSHIP SECRETARY:

Other Main committee members: David Floyd, David Coleman,

Our purpose and activities

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:

6.) Use of facilities to community groups and educational and cultural visits.

The financial year ending 30[th] September 2022 has been another challenging period for the Society with the fallout from Covid restrictions continuing. However, there have been some notable successes throughout the Society with which to ensure the organisation is sustainable for many years to come.

The return of the Heritage Railway operated by the Society in the Autumn of 2021 made a significant contribution to the offering to visitors through our programme of events based around the railway. The traditional events such as Easter Bunny, Teddy Bears Picnic and Santa Specials have been very popular with families and brought many new visitors to the Station.

The Society in collaboration with other organisations staged a very successful Classic Car Show in the centre of the town which again introduced the Society and its activities to many local people.

The Goods Shed continued to offer a unique experience and was host to several weddings throughout the year. Other activities included craft fairs, award ceremonies and hiring out the building for a week to a TV production company.

There has also been the good news in the Society obtaining grant funding to resurface the car park in the Goods Shed yard and Station platform. This funding from North

Northamptonshire council has allowed a new toilet block to be funded for development this coming financial year.

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 285535 Rushden Historical Transport Society Report and Accounts 30 September 2022

Rushden Historlcal Transport Society Report and accounts Contents Page Trustee's Report Accountants. report Statement ol Financial Activities Balance sheet Notes lo the accounts Detailed Statement of Financial Activities 1 to3 4105 8t0 11 121014

Rushden Historlcal Transport Society The report of the trustees for the year ended 30 September 2022 Introduction The Iruslees present Ihoir annual report and accounts IDr the year ended 30 September 2022. The board ol tru51ees are satisfied with the performance of the charity during the year and tho position al 30 September 2022 and consider that the ¢harily is in a strong position to continue its aelivilies during the coming year, and that the Charity's assets are adequate ID lullil ils obligations. Name, regislered office and constltution of thè charity The lull Mame ol the charity is Rushden Historical Transport Society, The legal registration details are Date of lortnalion 20 October 1982 The Principal Ollico is The Station, Slalion Approach, Rushden, Northanls. NN10 OAW Charity Registration Number 285535 Th8 telephone number is 0300 302315D Objectives and Activlties of the Charity To advance the educalion ol the public in the history ol transport and to provide a museum for the public exhibilion ol vehicles and other artelacts ol relevant historical interest. StrU￿ure, Governance and Management Nature of the Governing Document and const5tutlon ol the charity The Charity is an unincorwraled association governed by a conslitulion. Eligibility lor membership ol the charity, and membership ol the board ol trustees is govèrned by the constilulion. There are no reslriclions in the governing document on the operation ol the charity or on ils investment PDwers, other than those irllposed by general charity law. Membership of a wider network The Charity has no responsibility for, nor is it answerable lo, any other organisalion. The major rlsks lo whlch Ihe charity Is exposed and reviews and systems to mitlgate risks The charity is open lo the usual financial risks ol any organisatio)n, and the charity has introduced controls to rninimise these risks. In addition, the accounts are regularly explained lo members ol the charity and are open lor memberfs inspection al any time. Financlal Review Policies on reserves The Iruslees have resolved to establish reserves lo provide lor future activities, and lo provide lunding lor any unexpected IDsses in the future.

The policy oll reserves is that the existing assets aro retained lo produce income which is wholly utilised t support existing activities. There is no intention in the long term to either increase or decrease the capital signilicanlly. This ptslicy is justified in that il is necessary lo preserve income al the present levels in order lo mainlan Ihe activities ol thè charity. Availability and adequacy of assets ot each of the funds The board of Iruslees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund. Transactions and Flnancial posltlon The financial statements are set out on pages 9 10 14. As staled in the inlrodLJclion to this report, the trustees consider the financial performance by the Charity during lh& year to have been salislaclory. The Statement ol Financial Activities show net inooming resources lor the year ol a revenue nature ol £44,504 12021.. outgoing resources £17,831). The total res$r¢8s al the year end sland al £736,82312021-. £692,319). A majority ol the expenditure is spent on managem&nl and administration. The members of the Board of Trustees Df Ihe Charity during the year ended 30 September 2022 were". J E Sugars C R Robinson D Floyd R Lewis D Chambers D Coleman Smith The members of the Board of Trustees of the Charity at the date the report and accounts were approv8d were., J E Sugars C R Robinson D Floyd R Lewis D Chambers D Coleman R Smith Bankers TSB Bank PLC Independent Examiner Jonathan Essam Gharlered Accountant 23 Collingham Way Thrapslon Northanls NN144PL

statement of Trustees, Responsibilities Charity Law requires the Board lo prepare financial statements lor each financial year which give a true and lair view of the slate ol affairs of the charity as al the end ol the financial year and ol the surplus or deficit ol the charity. In preparing those financial slalemenls the Board is required lo select suitable accounting policies and then apply them cDnsistenlly', make judgernenls and estimates that are reasonable and prudent,. and prepare the financial slaletnenls Dn the going concern basis unless il is inappropriate to presum8 that the charity will continue in business. stale whether applicable accounting slandards and slalemenls ol recommended pracb'ce have been followed, subject to any material departures disclosed and explained in the financial statements., The Iruslees are also responsible lor maintaining proper accounting records which disclose with reasonable accuracy at any lime the financial position ol the charity and which are sullicienl lo show and explain the charity's transactions and enable them lo ensure that the financial slalemenls comply with regulations made under the Charities Act. They are also responsible fDr safeguarding the assets ol the charity and hence IDr taking reasonablo sl&ps lor the prevention and detection ol fraud and other irregularilies. The Iruslees are also responsible lor the contents ol the Iruslees, report, and the iesponsibilily ol the independent examiner in relation lo the Iruslees, report is limited lo examinihg the report and ensuring that, on the lace ol the report, there are no inconsistencies with the figures disclosed in the financial stalemenls. This report was approved by the board ol trustees on 7 December 2022 J E Sugars Chairman

Rushden Historlcal Transport Society Independent Examiner's Report to the trustees of the charity Report ol the Independenl Examlner to the trustees on the accounts of the Charily for the year ended 30 September 2022 I repDrt on the financi21 statements ol the Charity lor the year &nded 30 September 2022 which are gel out on pages 6 10 14. Respective responsibilities of trustees and examlner The charity's Iruslees are responsible lor the preparation of the accounts. Th& charills trustees consider that an audit is not required for this year under section 144121 ol the Charities Act 2011 Ithe 2011 Acll and that an independent examination is needed. It is my responsibility lo.. exarnine the accounts under section 145 01 th8 2C111 Act., follDW the proeedures laid down in the general Directions given by the Charity Commission under sEclion 14515llbl ol the 2011 A¢l', and slate whethfjr particular matters have come lo my attention. Basis of independent examlner's report My examination was carried out in aceordance with the general Directions given hy the Charity Commission. An examination includes a review ol the accounting records kept by the charity and a Comparison ol the accoun15 presented with those records. 11 also includes consideration ol any unusual iloms or disclosures in the a￿o￿ntS, and seeking explanations from you as Iruslees concerning any such mallers. The procedures undortaken do not provide all the evidence that would be reqLJired in an audit and consequently no opinion is given as lo whether the accounts presènt & "true and lair view" and the report is limited to those matters sel out in the slalemenl below. Independent examiner's slatemenl In connection with my examination, no maller has come to my attention.. which gives rne reasonable cause lo believe that, in any material respect, the requirements.. lo keep accounting records in accordance with secb.on 130 01 th& 2011 Act," and lo prepare accoLJnts which accord with tho accounting records and comply with the accounting requirements of the 2011 Act have not been met., or

to whi¢h, in my opinion, attention should be drawn SD order lo enable a proper understanding ol accounts to be reached. Jonathan Essam Chartered Accountant The Examiner's rplevanl professional qualification or body.. ICAEW 23 Cottingham Way Thrapston Norlhants NN144PL The dale upon which my opinion is expressed is -. 7 December 2022

Rushden Historical Transport Society Statemgnt of Financial Activilies for the year ended 30 September 2022 Unrestrlcled Funds Total Fund5 Last Year Total Funds Notes 2022 2022 2021 Incoming resources Incoming resources from gener6ted lunds Voluntary Income Aclivilies lor generalillg funds Inveslmenl Incogne 142,743 234,059 270 142,743 234,059 270 108,009 120,780 25B Total Incoming resources 377,072 3￿,072 229,047 Costs ofgenerating funds Costs ol geiier(ilinq volunlary income Costs of charitable activlties Govemance costs 100,264 230,454 1,850 100,264 23D,454 1,850 89,650 175,378 1,850 Total resources expended 332,568 832,568 246,878 Net incomlng resourcesllnel outgolng resources) before transters between lunds 44,504 44,504 117,8311 Net movement in tunds 44,504 44.504 Reconciliation of funds Total lunds brought fotrward 692,319 892,319 710,150 Total Funds cairled lorward 736,623 736,B23 692,319 All actlvltles deriv8 *rorn continuiftg oparatlons The notes on page5 8 10 11 form an Integral part of these accounts.

Rushden Historical Transport Society Balance Sheet as at 30 September 2022 Notes 2022 2021 The assets and IITabillties ol the charity. Fixed assets Tangible assets 752,401 660,026 Investments Investments Total fixed assefs 752,403 660,028 Current assets Stock Debtors and prepayments Cash al bank and in hand Total currenf assets 12,654 12,629 4,206 100,214 117,049 138,749 151,403 Cyedltors:. Trade and other creditors io 166,9831 184,7581 Net currenf assets 115,5801 32,291 Tot81 assels less current liabilities 736,823 692,319 Net assets 736,823 692,319 The lunds of the ch8rlty.' Unrestricted income funds Unrestricted revenue accumulated funds 736,823 692,319 Total unrestrlcted funds 736,823 692,319 Total charity funds 736,823 692,319 J E Sugars Chairrnan Approved by Ihe Iruslees on 7 December 2022

Rushden Historical Transport Society Notes to the Accounts for the year ended 30 September 2022 1 A¢¢ounting policies Basls ofpreparation of the accounts The financial statements have been prepared in actr0rdan￿ wirh the provisions ol the Charities Acts, and ndude the result5 of the charity's operations whi¢h are described in the Truste¢s' Report, all o* which are continuing. The particular accounting policies adopted are sel out below. Accountlng conventlon The financial statements are p￿pared, on a going concern basis, under the historical cost convention. Incoming Resources Incoming resources are accounted for on a receivable b8sis Investnyent Income Bank interest is included in the incDme and expenditure acmunt on a receivable basis. RecognitiTon of liabililies Liabilities are recognised on the accruals basis in accordance with nomial accounting principles. Resources Expended Exp8nditure Is re¢ognised ort acctual basis as 8 liability is incurrgd_ Ill particular the policy lor including iletns within costs of generating funds, charitable activities and governance costs is., Costs of generatlng funds These are the costs ot fundraising activities. Charitable activities Charitable expenditure comprises those Costs incurred by the Cha￿tY in the delivery ol its activities and services for Its beneficiaries. It includes both cost5 that oan be allocat8d dirèctly to such adivities and those costs of an indirect nature necessary to support them. GovemanGe costs GoVern￿Ce costs include those costs associated with ffleeting the constitutiollal and statutory requirements ol the charity and include the accountant's fees and costs linked lo the strategic management of the ¢harily. Allocation of Gosts within types of resources expended All costs are allocated between the expenditure categories ol the Statement ol Financial Activities on a basis designed to reflect the use ol the resource.

Rushden Historlcal Transport Society Notes to the Accounts for the year ended 30 September 2022 Fixed assets and depreGiation All agsèts are stated at cost price. No depieciation is provided on fixed assets, as It is considered by th8 committee that their current value exceeds the book v￿ue in the accounts. Taxation As a register9d charity, the organisation is exetnpt from income and cortK)ration tax lo the extent that its income and gains are applicable to charitablg purposes only. 2 Winding up or dissolution of the charity 11 upon windillg up or dissolution ol Ihe charity there r6tnain sny assets, after the satisfaction ol all debts and liabilities, the assets represented by the accuwulated fund shall be Iransl¢rred to some other charitable body or bodies having sitnilar objects to the charity. 3 Surpluslldeficill for Ihe tinancial year 2022 2021 Thls 1$ stated alter crediting R8v8nue Turnover from ordlnary actlvlties 376,802 228,789 and after chargsng:" Independent Exatlliner's Fe25 1,850 1,850 4 Statement that no expenses were pald io trustees or connected persons No expenses were paid to trustees or persons connected with thetTr. S Inveslment Incomè 2022 2021 Other bank depos([ Interest received 270 258

Rushden Historical Transport Society Notes to the Accounts for the year ended 30 September 2022 6 Staff Costs and Emoluments 2022 2021 Gross salaries linc Nl and pen5ionsl 79,093 64,498 ,498 Numbers ol full time employees or full time equivalents 2022 2021 Eng￿ed on charitable activities a2 There were no fees or other remuneration paid to the tr￿SteeS There were no employees with emoluments in excess of £60,000 per annum 7 Tanglble functlonal Ilxed assets Freehold pioperty Plant and equipment Total Assèt eost, valuatlon or revalued amount At 1 Oclobcr 2021 Addition5 At 30 September 2022 467,467 85,000 552,467 192,559 7,375 199,934 660,026 92,375 752,401 Accumulated depreciation and impairment provisions At 1 Qctober 2021 At 30 Septernber 2022 Net book value At 30 September 2022 552,467 199,934 752,401 AI 30 Seplernber 2021 467,467 192,559 660,02£ 8 Fixed Asset Inveslmenls Property Investments Listed Investments Llnlisted Investments 2022 Total Valuation Valu¢ at 1 October 2021 Value at 30 September 2022

Rushden Historical Transport Soclety Notes to the Accounls for the year ended 30 September 2022 Unlisted Investments comprise Cost Markel Value 2022 Cost Market Valuè 2021 2022 2021 Rushden Higham & Wellingborough Railway Ltd Subsidiary undertaking Total 9 Deblors 2022 2021 Trade debtors 4,206 4,2D6 10 Creditors 2022 2021 Trade and other ¢redilors 1 $6,983 166,983 84,758 84,758

Rushden Historical Transport Soclely Schedule to the Statement of Flnancial Activltles lor the year ended 30 September 2022 Unrestriet8d Fufid$ 2022 Total Funds 2022 Prior Period Total Funds 2021 Incoming Resources Voluntary Income Grants, legacle$ and donatlons Government and publi¢ bodles Incoming resources of a revenue nature HMFIC.. Job Fletention Scheme Grant Northants County Council Grants National Heritage Total 20,750 27,613 43,150 91,513 131,660 1,250 132,910 131,660 1,250 132.910 Non government and non public borjies Incoming resources of a revenue nalure- grants, donations and legacies SLEndry donations Total 687 687 687 5,732 687 Total Grants, LBgaci8s & Donations Received 133,597 133.597 97,245 other voluntsry In¢om8 Membcrs, Subscriptions Total other voluntary Incomè 9,146 9,146 9.146 9.146 1Q,764 10,764 Total Voluntary Income 142,743 142,743 108,009 Activities for generating funds Fundraising activities 234,Q59 234.059 120,780 Total of activities for generallng funds 234,059 234.059 120,780 Investment Income Othèr bank dtsposit interest received 270 270 258 Total Investment Income 270 270 258 Total Incomlng Resources 377,072 377,072 229,047

Rushden Historical Transport Soeiety S¢hedule to the Statemeni of Financlal Actlvilles for the year ended 30 September 2022 Unrèstrlctèd Funds 2022 Total Funds 2022 Prior Period Total Funds 2021 Costs of generating funds Costs ofgeneraling voluntary Income Cost ol fundraising activities 100,264 100,264 100,264 100,264 69,650 69,650 Iwanagemenf ond administration costs In support ol charitable activities Direct support costs Gross wages and salaries charitable activities 79,093 79.093 79,093 79,093 64,498 64,498 E￿plOyee c05ts." Motor cxpcnses 181 181 99 181 181 Premise$ Costs Rent payable RAiès, watei and service charge5 InsurancB Light 2nd heat Laundry and Cleaning Premises repairs and renewals 825 825 809 12,765 11,309 10,099 10,025 72,756 117.779 12.765 11,309 10,099 10,025 72,756 117,779 15,098 11,720 9,184 5,168 42,862 84.841 General administrative expenses.- Telephone and internet Printing, postage. stationery and advertising Hire ol equiprnent Bad debts and amoullls writtell off Bank charges and interest SLJndry éxpenses 1,566 5,417 10,190 4,206 5,324 889 1,566 5,417 10,190 4,206 5,324 889 1,747 4,480 3,296 4,197 295 27,592 27,592 14,015 Prolesslonal fees In support ol Gha￿table a¢ilvltles Legal and professional lees 5,809 5,809 11,925 11,925 Total Support ¢osts 230 454 230.454 175,378 Tolal Expended on Charitable Activities 230,454 230,454 175,378 13

Rushden Historical Transport Society Schedule lo the Statement ot Financial Activities for the year ended 30 September 2022 Unrestricted Funds 2022 Total Funds 2022 Prior Period Total Funds 2021 Governance costs that are not direcl managemenl funotions inherent in generating funds, service delivery and programme orproject work (including managen7ent8nd administration costs) Spe¢Allc govemanGe Gosts l￿dependent Examiner's Fees Total governance costs 1,850 1,850 1,850 1,850 1,850 1,850 14

Rushden Historlcal Transport Society The report of the trustees for the year ended 30 Sepiember 2022 Introduction The Iruslees present their annual report and accounts IDr the y&ar ended 30 september 2022. The board ol trustees are satisfied with th? pèrformancfj of the Gharity during the year and the position at 30 September 2022 and consider that the charity is in a strong position lo continue ils activities during the coming year, and that the charity's assets are adequate lo fulfil ils obligations. Namp, registered olflce and constltution of the charity The lull narn8 ol the charty is Rushd&n Historical Transport Society. The legal registration details are Date ol lomation 20 October 1982 The Principal Ollice is The Slalion, Station Approach, Flushden, Northanls, NN10 OAW Charity Registration Number 285535 The telephone number is 0300 3023150 Objectives and Aclivltles ol the Charity To advance the education ol the public in the history ol transport and lo provide a museum lor the PLJblic exhibition of vehicles and other arlelacts ol relevant historical interest, Structure. Governance and Management Nature of the Governing Document and constitution of the charity The Charity is an unincorporated association governed by a conslilulion. Eligibility for tnembership ol the charity, and membership ol the board ol Iruslees is governed by the conslilulion. There are no restrictions in the governing document on the operation ol the charity or on ils investment powers, other than thosE imwsed by general charily law. Membership of a wlder network The Charity has no responsibility for, nor is il answerable to, any other organisation. The major risks to which the charity Is èxposed and reviews and sysl6ms to mltlgate risk5 The Gharity is open to the usual linancial risks ol any organisat10n, and the charity has introduced controls lo minimise these risks. In addition, the accounts are regularly explained lo members ol the charity and are open lor member's inspection al any time. Financial Review Policles on reserves Tho trustees have resolved lo establish reserves lo provide lor future aclivilies, and to provide funding for any unexpected losses in the lulure.

The policy on reserves is that the existing assets are retained lo produce income which is wholly ulili5ed lo support existing actibqties. There is no intention in the long term to either increase or decrease the capital signilicanlly. This policy Is justified that il 15 necessary lo preserve incomè ai the present lèvels in order lo maintain the activities ol the charity. Availability and adequacy of assets of each of the funds The board ol trustees is satisfied that the charity's assets in each fund are available and adequate to lulfil its obligations in respect ol each fund. Transactions and Flnanclal position The financial slalemen15 are set out on pages 9 10 14. As staled in the introduction to thi5 report, the Iruslees consider the financial perfc>rmarice by the charity during the year ta have been qali8laclory_ The Slalement of Financial Activities show nel incoming resources lor the year ol a revenue nature of £44,504 12021.. outgoing resources £17,831). The loial reserves at the year end stand at £736,82312021.- £692,319). A majority of the expenditure is spent on management and administration. Th8 members of the Board of Trustèes of the Charity during the year ended 30 September 2022 were: J E Sugars C R Robinson D Floyd R Lewis D Chambers D Coleman R Smith The membeis ol the Board of Trustees of Ihe Charlly at the date the report and accounts were approved were: J E SLJgars C R Robinso D Floyd R Lewis D Chambers D Coleman R Smith Bankers TSB Bank PLC Independ8nl Examiner Jonathan Essam Gharlered AccoLJnlanl 23 Cotlingham Way Thrapston Northants NN144PL

statement ot Trustees. Responsibilities Charity Law requires the Board to prepare financial statements lor each financial year which give a trLJe and fair view ol the slate ol allairs ol the charity as al the end ol the financial year and ol the surplus or deficit of Ihe charity. In preparing Ihose financial slalemenls the Board is required lo selecl suitable accounting policios and then apply them cc>nsislenlly', mak& judgements and estimates that are reasonabl& and prudent., and prepare the financial slalements on the going concern basis unless il is inappropriate lo presume that thÈ charity will continue in business. state whether applicable accounting standards and slalements ol recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements., The Iruslees are also responsible lor maintaining proper accounting records which disclose with reasonable accuracy al any lime the financial position ol the charity and which are sufficient 10 Show and explaill the charity's transactions and enable them lo e..isure that the financial slal&menls comply with regulations made under the Charities Act. They are also responsible lor saleguarding the assets ol the charity and hpnce lor taking reasonable steps lor the prevention and detection ol fraud and other iiregularilies. The Iruslees ar& also responsible for the contents ol the trustees, report, and the responsibility ol the independent examiner In relation lo the Iruslees, report is limited lo examinihg the report and ensuring that, on the lace ol the report, there are no inconsistencies with Ihe figures disclosed in the financial stalemenls, This report was approved by the board ol Iruslees on 7 December 2022 J E Sugar8 Chairman