2020-09-30-accounts - Nta(1963)limited

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Contents of	the	Re ort
Directors' Report			Pages	3-7
Statement of Financial	Activities		Page	8
Balance Sheet			Page	9
Notes to the Financial	Statements		Pages	10-18
Report ofthe Independent		Examiner	Page	19

STATEMEN	T	OF FINANCIAL A	CTIVITIES	for the	year end	ed 30	SEPTEMBER2	020	020
			Unrestricted	funds	Restricted	funds	Total funds	30/09/2019
					8		6	8
Income (Note 3)
Income and endowments	from
Giants recanted				10,000			10000
Donations and recedes				2,878		12,349	15227	11,091
Charitable activities				37,950			37950	29,977
Othsr activities				928			928	1,021
Investments									15
Total
Expenditure (Note 4)
Expenditure on
Charitabla acaviaies				30 190		20 113	50303	41	418
Fvndratsine				109			109
Governance				1 164			1 164	2	909
Other				598			598		699
Total
Net incomel(expenditure)		before investment
gains/(losses)				19,709		7,764	11,945 -	2922
Unreaslised Valuation	of
Heritage Assets (Note	10)							44	000
Net gain in Trolleybooks
(Note 15)						3,596	3,596	3,774
Net Income/(expenditure)				19,709		4,168	15541	44'852
Transfers between funds				6,457		6,457
Net movement in funds				13,252		2289	15,541	44	852
Reconciliation offunds (Note fd)
Total funds brought forward				54,769	188,219		242 988	198	136
Total funds cerned forwanf				68021			258,529	2	8

					Unrestricted	Restricted
					funds	funds	Totalthls year	80-Sep-19
Fixed assets
Tangible assets				2		148,982	148,982	150,526
Intangible assets				2
Heditage assets				10				44,000
		Total	fixed assets					4, 6
Current assets
Investment				14		6,354	6,354	4,758
Stocks				11	5,800		5,800	4,439
Debtors				12	5,897	1,890	7,787	7,908
Cash at bank					24,216	33,522	57,738	45,410
	Total cement assets				35,91		7,
Creditors: amounts		falling	due within
one year				13	7,881		8,121	10,971
		Net cunent assets
Total assets less current liabilities								,0
Creditors: amounts		falling	due after
one year				13	4,011		4,011	3081
Total net assets					68,021	190,508	258,529	242,988
Funds ofthe Charity
Restricted Income	funds			14		190,508	190,508	188,219
Unrestricted funds			Total funds	14	68,021		68,021 5,529	54,769 242,988

Note 2 Accounting	Note 2 Accounting	policies
2.1 INCOME
Recognltlon ofincome		These are included in the Statement of Financial Activities (SoFA) when the Charity
		becomes entitled to the resources.
Ofl'setting		There has been no offsetting ofassets and liabilities, or income and expenses.
Grants and donations		Grants and donations are only included in the Sofa when the general income recognition criteria are met.
		Legacies are included in the SoFA when receipt is probable, that is, when there has
Legacies		been grant ofprobate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control ofthe
		charity or have been met.
Government	grants	The charity received a government grant of610,000 in the reporting year under the COVID-19programme ofbusiness support. The grant was paid by East Suffolk Council
		GiR Aid receivable is included in income when there is a valid declaration from the donor.
Tax reclaims on donations and gifts		Any GiR Aid amount recovered on a donation is considered to be part of that giR and is treated as an addition to the same fund as the initial donation unless the donor orthe terms ofthe appeal have specified otherwise. Where a GIR Aid donation is subsequently
		found not to be valid, the donation is added back.
Contractual income and		This is only included in the SoFA once the charity hss provided the related goods or
performance	related	services or met the performance related conditions.
grants
Donated goods		Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
Donated services and		Donated services and facilities are included in the SoFAwhen received at the value of
facilities		the gift to the charity provided the value ofthe gift can be measured reliably.
		Donated services and facilities that are consumed immediately are recognised as income
		with an equivalent amount recognised as an expense under the appropriate heading in
		the SoFA.
Volunteer help		The value of any voluntary help received is not included in the accounts but is described in the Trustees' annual report.
Income from	deposits and	This is included in the accounts when receipt is probable and the amount receivable can
investments		be measured reliably.
		Membership subscriptions which give a member the right to buy services or other
Income from	membership	benefits are recognised as income earned from the provision ofgoods and services as
subscrlptions		income from charitable activities. Subscriptions received covering the period after the year end are treated as payments in advance and shown in the accounts as creditors.

2.2 EXPENDITURE AND LIABILITIES	2.2 EXPENDITURE AND LIABILITIES
Llabglty	Liabilities sre recognised where it is mom likely than			not that there is		a legal or construcfive			obligsfion
mcognifion	commitfing the charity to pay out resources	and the		amount ofthai		obligation	can be measured			wfih reasonable				certainty.
Governance	Those costs retafing to Its leiial resoonsibfiees and		the camrirm out		oftheir dufies			bv the Directors snd other				Oecers.
costs
Creditom	The charity has creditom which are measured	at seNementamounts				lese any trade discounts.
Tsx	The Charity is not mgistered for VAT.
	The Charily claims the ensfi trading tax exempfion		in order to be exempt from paying orporafion Tax on								its	nonohsrltsble			adlvlUes
2.3 ASSETS
Tangible fixed	These are capitalised ifthey can be used for	more then one year, and costat least 81,000.
assets for use	They are valued at cock
by charfiy	The amorlisafion rates and methods used are dlsdosed In note S.
Intangible fixed exacts	The charity has intangible lixed assets, that is, non-monetary assets that do nol have physical substance but are identifiable controlled by the charity through cuskxly or legal rights. The amorlisation rates and methods used ere disdosed In note 9.
Hergsge	The charity has heritage assets, that is, non-monetary			assets with historic, wfisfic, scientific,					technological,
Assets	geophysical or environmental qualities that are held			snd maintained		principally	for their contrlbufion to knowledge							and
	culture.
	The fair value In the accounts isdescribed	in note	10.
	Stocks held forsale as part ofnon-charitable trade are measured st the lower ofcost or nel rsalisable value. Goods orservices provided as part ofacharitable acfivgy are measural at net realisable value based on ths											service potential				provided	by	items of.'
	Stocks ofnew books acquired for sale are ordered		in	quantlUes judged likely to			be sold in the market served					by NTA. Some			books sell		better than
	others but there are very fsw mmmples ofbooks that			have sold vee		slowly.
	The stocks ofTrofieybus Magazine are mainly accumulated because					ofthe need		to print enough for distrlbufion					to members			while allowing		for some
	surplus for sale and publidty purposes and for sny		damaged in the		post.
Debtors	Debtors (induding trade dsbtom and loans receivable) are measured on iniTial recogniTion at seNement amount after any discounts or amount advanced by the charity. Subsequently, they are measumd atthe cash or other consideration expected															to be
	renewed.
Note 3	Income
					nsstllctsd
	Analysis ofIncome			unrssiricted funds		tnrxrme funds	Total funds		Prior year
								8		8
Grants	Government Covid 19Su ort			10,000				10000
				10,000				10,000
Donations	and ifls			1 111		9,901		11012		7,923
	Inrxrme Tax rect im Ai			1,767		2448		4,2 5		3168
		Total				12		5,227		1109
	induces efii sld reccvertss fmm membership fees
Charitable	Members' Subscrl tlons			1370				137		12761
activities:	Sales of Merchandise			23 80				23805		16,384
	Meetln Cofiedlons			43						832
		Total		7				379		29977
Other eading
sctlvnlss:	Use ofRF Mack cofiedlon									154
	Feefor rivatetroge ususeofBlou h Sandtolt 0 ratln Costs			780 148				780		720 147
		Total								1.021
Income fmm	I in m							14		15
Investments:		Total						4		15
TOTAL				51,770		12,349		64,119		42,104
INCOME

Note 8 Re	munerat	ion and Expenses
				This year			Last year
Number ofemployees		during this year orthe last year		Nil			Nil
Remuneration	paid to Directors			Ng			Nil
Benefits provided to Directors				Nil			Nil
Note 7Directors'		and other Officers Expenses
Type ofexpenses mimbursed				This	ear		Last	ear
								1	677
Accommodason &rich forsales event									60
Subsistence
Posts eand	Stati ne					47			67
Store eof6	res
									12
			TOTAL
The number	ofDirectors and other Ofricem who warn paid expenses

1*1Details ofmat	1*1Details ofmat	1*1Details ofmat	erial funds held and movem	erial funds held and movem	enin durin	enin durin	g the CURR	ENT r	epo	rti	ng	periiod
*Kerf R-wsulcted			funds ofIhe chafsy; and U-		Irnnwufcfsd		funds
													un						u
													belahce4						balances
FUnd haules				Roru			Purpose and	Restrictions					brought						cnlrisd
													fowvard	Ihcolhe		Expenditure		Trensfew	forwanl
													5	2			2	8	2
Wolverhsm	n Tlofi			s654			R8stolntlcn	ehd Stole		8			18040	2413		-	400		17079
Hastin s Troll		us 45					Restoration	and Store		8			15941						16041
Belfast Troll	us 168						Rsstorakon	end S		e			93	9100		-	10703	10000
Huddersfield	Troll		us	541			Restoration	end Store		8					750	—	840		704
Troll oks					Joint	Venture to Publish		Trofi	bus		ublications		4758	3	508			2000
Buimclg Furld						Purchase ofStorage Faulaes							150,527					1,543	140,984
Total Resbieted		Funds											188219	16045		-	20113	S4ST	1SOSOS
Uhn!SIActed						Unwaliced Rsvaluaaon			Reserve				44000
Unrestricted							Free Reswves						10780	51	770	-	32001 -	6457
							Total Funds ss pw			balance sheet				07,715		-	62,174
Thew is no Erdohmcnt			Fund in lac hvrenl crprior year.
14.2 Dotage	ot	material funds held and movements				during the PREVIOUS reporting						period
													bslencm						balances
Fund names							Purpose and	Rsstriebons					bnwght						carried
													fonna nl	Ihcorae		Expenditure		Transfws	fowhlfd
													2	5			2	2	2
Wolverham	Troll			us 654			Restoration	snd S					16,230	1	208				18046
Hssfin sTroll		s45					Restoration	end Sto					15041
Belfast Trofi	s 100						Reslonaion	and						3	840		13,255	0500
Huddersfield	Troll		us	541			Restoration	and Sto							750		840
Troll s					Joint	Venture lo Publish		Troll	Us		bficeBons		0962	3,774				8978
Ul ng Uh Total Restricted		Funds					Ufc has o						194 158	0	see		75	102	88210
Unrsstricted						Unreali Revaluation			Reserve					44	000
Unrssiricisd							Ffss R8csfvss						3,980	38	219		30,452	1,022	10700
							Total Funds as		per	balance sheet							45,


~yhe I )88(gggggnts		s	how				Year	Ended
						31December	2020	31 December	2019
			ra			5
Sales of books end publications							19,094		8,096
less cost ofsales							8004		3805
							tt,ggo		4,291
add stack adjustmsnt		to estimated			net value		-1398		633
less							9,692		4,924
stock adiustment	to estimated			net	value
Overheads							2 500		1 332
Net Profit							7 192		3592
Stock (Nate 1)							2,990		4,823
Debtors							2,670		1,254
Bank Balances							5580		3839
							11,140		9,916
less Creditors							432
							10,706		9516
Represented by
Available far Distribution
Balance st 1st January 2020							9,466		19,874
Nst Profit for the Year							7192		3592
							16,SSS
Distributed to
British Trollsybos Society							3,000		7,000
NTA (1963)Limited							3000		7000
Balance sl 31stDecember			2020				10,658		9,466
Initial Funding							60		50
Net Asmts							10708		9 516
NTA (1963)Limited
Reserve Btstsment
5014ofSalaries st 1stJslwwy 2020							4,733		9,937
Dlsslbutions received							2A00		8,978
Share ofProfa transfer to			SOFA				3696		3774
undistributed Reserves							6,329		4,733
Fixed Investment							26		25
Nstlnvsstmsnt							6354		4758

Tothe Nwmhard Df NTA (1983)Ltd
Irepwt on the accounts ofthe Company for the year ended 30September 2020.
Respective responslbgitles offdrectors and Examiner
The ch8rity's directors are responsible for the preparation ofthe acmunis. The charity's directors consider that an audit ISnot required forthis year under section 144 ofthe charitles Act 2011(the charities Act) and that an Independent examination Is needed.
it Is my responsibility to:
examine the accounts under section 145ofthe Charities Act; to follow the procedures laid down In the general directions given by the Charity Commission under sectkm 145(5)(b)ofthe Charities Act; and
tostate whether any particular matters have come to my attention.
BasisofIndependent examiner's statement
An My examination was carwed out In accordance with the general dlmcuons given by the Charity co Issl mm examination Indudes a review ofthe accounting records kept by the charity and a comparison ofthe accounls presented with those nxords. )talso Indudes consideration ofany unusual Items or disdosuras In the accounts, and seeking explanations Irom the director's concerning any such mattem. The procedures undertaken do not provide ag the evidence that would be required In an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report Is gmlted to those matters set out In the statement below.	on.
Independent examiner's statement
in connection with my examination, no material matters have come to my attention: which gives me cause to believe that In any material respect:
accounling records were nol kept in accordance with secdon 130ofthe Charities Act or the accounts do nol accord with the accoungng reconls or lhe accounts did nol comply wilh the sppgcable requimmenis concerning the form and content ofaccounh set oui in dw chsrllies (Accoums snd Reporis) Regulations 2008ogmr than any requimment ihat dm accounts give a "true and far"view which is not a magsr considemd as pwt ofan independent examination.