2021-09-30-accounts - Nta(1963)limited

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

All	Directors are members	ofthe Company.	The following
E.	M. H. Humphreys	Treasurer until	September 2020 and from 3anuary 2021.
S.	Kirkby	Treasurer October 2020 to 3anuary 2021.
D.	M. Lawrence	Membership Secretary
D.	B.Pearson	TM Distribution
M.	3. Russell	Chairman
T.	A. Stubbs	Board Member
3.	H. Ward	Secretary

STATEMEN	T	OF FINANCIAL A	CTIVITIES	for the	year ended 30	SEPTEMBER	2021
			Unrestricted	funds	Restricted funds	Total funds	30/09/2020
income (Note 3)
Income and endowments	from
Grants received							10,000
Donations and legacies				87,474	2,855	90,329	15,227
Charitabte adivities				34,346		34,346	37,950
Other activiTies				780		780	928
Investments							14
Total						2,4	64, 9
Expenditure (Note 4)
Expenditure on
Charitable activities				31,972	15,436	47,408	50,303
Fundraising				198		198	109
Governance				977		977	1,164
cher Total				792 3,939	15436	792 75	598 5, 74
Net income/(expenditure)		before investment
gains/(losses)				88,661	12,581	76,080	11,945
Unreaslised Valuation	of
Heritage Assets (Nota	10)
Net gain in Trolleybooks
(Note 15)					410	410	3,596
Net income/(expenditure)				88,661	12 171	76,490	15,541
Transfers between funds				10,456	10,456
Net movementin funds				78,205	1,715	76,490	15,541
Reconciliation offunds (Note 14/
Total funds brought fonvard				68,021	190,508	258,529	242,988
Total funds carried forward				146226	188793	335019	258 529

Note 2 Accounting	Note 2 Accounting	policies
2.1 INCOME
Recognition ofincome		These are included in the Statement of Financial Activities (SoFA) when the Charity
		becomes entitled to the resources.
offsetting		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		Legacies are included in the SoFA when receipt is probable, that is, when there has 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	No government grant received in 2020-21.
		Gift Aid receivable is included in income when there is a valid declaration from the donor.
Tax reclaims on donations and gifts		Any Gift Aid amount recovered on a donation is considered to be part ofthat gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms ofthe appeal have specified otherwise. Where a Gift 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 has 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 SoFA when 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 ofany 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.
Income from subscriptions	membership	Membership subscriptions which give a member the right to buy services or other benefits are recognised as income earned from the provision ofgoods and services as 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.

	NOTES TO THE ACCOUNTS (Continued)
2.2 EXPENDITURE AND LIABILITIES
Usbgity recognition	Liabilities are recoin bed where it is more likely than not that there isa legal or constructive obffgabon committing the chadty to pay out resources and the amount ofthat obligation can be measumd with reasonable							certainty.
Governance	Those costs relatinc to its leffal resoonsibikties and the camxnc out of their duties by the Directors and other					Officers.
costs
Ctwlfiore	The charity has creditors which are measured at settlement amounts less any trade discounts
Ttrx	The Cha. ity is not regiatered for VAT. The Charity claims the smafi trading tax exemption in order to be exempt from paying Corporafion Tax on				its	non-charitable			sctiviTies.
2.3 ASSETS Tangible fixed These are capdalised iffitey csn be used for mors than one year, and cost at least f1,000.
assets for use by charity	They are valued at cost. The amortisation rates and methods used are disclosed in note 8.
Intangible fired assets	The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable controlled by the chanty through custody or legal nghts. The amorlisation rates and methods used are disclosed in note 9.
I-isrltags Assets	The chanty has hentage assets, that Is, non-monetary assets with historic, artistic, scientiTrc, technological, geophysical or environmental qualities that are held and maintained principsfiy for their contribufion to knowledge							and
	culture.
	The fair value in the accounts is described in note 10.
Stocks	Stocks held for sale as part of non-charitable trade are measured at the lower ofcost or net realisable value. Goods or services provided as part ofa charitable activity are measured at net realisable value based on the					service potential				provided	by items of
	Stocks of new books acquired for sale are ordered in quantiTies judged likely to	be sold in the market served				by NTA. Some			books sell		better than
	others but there are very few examples ofbooks that have sold very slowly.
	The stocks ofTrofieybus Magazine are mainly accumulated because ofthe need to print enough			for distribution			lo members			while aficwing for some
	surplus for sale and pubkdty purposes and for any damaged in the post.
Debtors	Debtors (Deluding trade debtors and loans receivable) are measured on initial recognition at discounts or amount advanced by the charity Subsequently, they are measured at the cash		settlement amount atter any or other consideration expected							to be
	received.
Note 3	Income Restricted
	Unrestricted Income
	Analysis ofincome funds funds	Total funds	Prior Veer
		8		8
Grants	Government Covid 19Su orl		10,000
			10000
Donations	Donations and ifts 85888 2,316 Incom Tax reclaimed on Gift Aid 1,411 734	88,184 2,145		11,012 4,215
	Total 87279	90, 29		15,227
	*indudex gift eid recoveriss from membership fees
Charitable activities:	Members' Subscri tions Sales of Merchandise Meetm Collections 12254 22 042 50 Total 34346	12254 22 042 50 34346		13,707 23,805 438 37950
Other trading
activities:	Use ofRF Mack collection
	Fee for rivets trofie bus use of Ego h Sandtoft: 541 o cretin a ment 780	780		780 148
	Total 780	780		928
income from	Intere tin orna			14
investments:	Total			14
TOTAL	121,625 3,830	125,455		64,119
INCOME

term. A Note Other	fee /s pavsble to the N 11 Stocks trading activities:	TA when	541 is operated.
			This year	Last year
Opening Stock at start ofyear			5,800	4,439
Added	in year		16,292	16,158
			22,092	20,597
less rost ofsales			16,368	14,797
Closing	stock at end ofyear		5,724	5,800
Closing	Stock &x/nsists of
Books			5721	5782
Videos			3	18
		Totals	5,724	5800

Keyr R ~re	sI	rictsd	funds oft	he charity; and U- unre	strict	ed funds
										Uit								un
										balances								balances
Fund names				RorU"		Purpose and Restrictions				brought								carried
										forward	Income			Expenditum		Transfers		forward
										8	E			E		E		E
Wolverham	ton Trofie bus554					Restoration	and Sto	e		17979		800						18088
~lastin sTrofie bus			45			Restoration	and Sto	e		15941		625						16 66
Belfast Troll		bus 165				Restoration	and Sto	s		sfia		880		14	116	15,000		2 280
Hluddsrsfield	Troll		bus 541			Rsstorafion	and Stoa	e				750				1 000		1674
Troll books				Joint Venture to Publish			Trofie us	ublications		6354		410				4000
Building Fund						Purchase ofStorage FaciliTies				148,984						1,544		147,440
Total Restricted Funds										190608	3	265		15438		10	8	188783
Unreslricted						Unrealised Revaluafion Reserve				44000								44 00
Unrestricted						Free Reserves				24 021	122	600		33	939	10456		102228
						Total Funds as per		balance sheet		afis,sas	taa,sss			48,316				336,01$
There Isrn Endowment			Fund in the	current or prior reer
14.2 Details	of material funds			held and movements	during the PREVIOUS reporting				period
										balances								balances
Fund names				R or U*		Purpose and	Restrictions			brought								carried
										forward	Income		Expenditure			Transfers		forward
										E	5			2				2
Wolverham	ton Trolls bus 554					Restoration	and Store			18048	2413		-		480			1787
Hastin s Trolls		bus	45			Restore ion	ahd Stot											1694
Belfast Trolls	bus 16il					ioh Restore	shd Stot				9186		-	18793		10,000
Huddersfield	Troll bus 541					ion Restore	and Stor				750		-		840			76
Troll books					Troll	licafions - Joint Venture books ub				4758	3	598				2,000		6364
Ui ihg Uh						ur ase o	orage au	ies
Total Restricted Funds										18821$	15945		-	20113		8487		180508
Unrestricted						Unreaiised Revaluation Reserve				44000								44000
Unrestricted						Free Reserves				10769	51 770		-	32	081 -	6457		24 21
						Total Funds as per balance sheet				242,888	67,716		-	62,174				268,629

The latest accoun	The latest accoun					Year Ended	Year Ended
					31December	2021	31 December	2D20
					6		r.
Sales ofbooks and publications						~2180		19,094
less cost ofsales						963		8004
						1,217		11,090
add stock adjustmsnt		to estimated		nst value		302 1,519		0 11,090
less
stock adlustment	to estimated		net	value		0		1,398
Overheads						699		2 500
Net Profit						820		7 192
Balance Sheet
Stock						2,526		2,990
Debtors						1,OSS		2,570
Bank Balances						2 387		5580
						5.628		11,140
less Cmdltcfs						409		432
						5 28		10708
Represented by
Available for Dislnbution
Balance st 1st January		2020				10,658		9,466
Nel Profit for the Yssr						820		7,192
						11+78		16,658
Distributed Io
British Trollsybus Society						3,000		3,000
NTA (1963)Limited						3 DDD		3000
Balance at 31stDecember 2020						5r478		10,658
Inrusl Funding						50		50
Net Assets						5528		ID 708
NTA (1963)Limited
Reserve Statement
5DSL of Balance at 1stJanuary 2020						8,329		4,733
Distributions received						4,606		2,000
Share of Profit transfer		to SOFA				410		3598
Undistributed Reserves						2,739		6,329
Fixed Invsstmsni						26		25
Net Investment						2784

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

All	Directors are members	ofthe Company.	The following
E.	M. H. Humphreys	Treasurer until	September 2020 and from 3anuary 2021.
S.	Kirkby	Treasurer October 2020 to 3anuary 2021.
D.	M. Lawrence	Membership Secretary
D.	B.Pearson	TM Distribution
M.	3. Russell	Chairman
T.	A. Stubbs	Board Member
3.	H. Ward	Secretary