# **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: 

- 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 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