# # ## |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|Directors held office during 2020/21:| |---|---|---|---|---| |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|Directors held office during 2020/21:| |---|---|---|---|---| |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|||