2022-09-30-accounts - Nta(1963)limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Conte f	the	Re
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 ended 30	SEPTEMBER	2022
			Unrestricted	funds	Restricted funds	Totalfunds	30/09/2021
Income (Note 3)
Income and endowments	from
Grants received
Donations end legacies				249,641	2 747	252,388	90,329
Charitabie activ;tus				28,930		28,930	34,346
Other adivities				780		780	780
Investments				95
Total				79,446	47	282,193	125,455
Expenditure (Note 4)
Expenditure on
Charitable activities				24,097	4,374	28,471	47,408
Fundratsing				52		52	198
Governance				183		183	977
Other				710		710	792
Total					4374		375
Valet income/(expenditure)		before investment
gains/(losses)			254,404		1,627	252 777	76080
Unreaslised Valuation	of
Heritage Assets (Note	10)
Net gain in Trolleybooks
(Note 15)					773	773	410
Net income/(expenditure)			254 404		854	253550	76490
Transfers between funds				954	954
Net movementin funds			253450		100	253550	76490
Reconciliation offunds (Note 14/
Total funds brought forward			146226		188793	335019	258529
Total funds carried forward			399,676		188893	588569	335019

			B	ALANCE S	HEET	AT 30SEP	TEMBER 2	022
						Unrestricted	Restricted
						funds	funds	Total this year	30&ep-21
					Note
Fixed assets
Tangible assets					8		145,894	145894	147.438
Intangible	assets				9
Heritage assets					10				44,000
			Total	fixed assets					191,438
Current	assets
Investment					45		6,037	6,037	2,764
Stocks					11	7,694		7,694	5,724
Debtors					u	35,968	1,295	37,263	10704
Cash at bank						323,382	37,515	360,897	135,685
		Total current assets
Creditors:	amounts		falling	due within
one year					12	11,615	1,848	13,463 -	8,211
			Netcunentassets						146,666
Total assets less current liabilities									338,104
Creditors: one year	amounts		falling	due after		2,853		2,853	3,085
Total net assets						399,676	188,893	588,569	335,019
Funds ofthe Charity
Restricted	income	funds			14		188,893	188,893	188,793
Unrestricted	funds					399,676		399,676	146,226
				Total funds				,56	335,019

panies subject to the small	c	ompanies regime and in	accordance	with	FR	Sf02SOR	P.
							Date of
Signed by ooe or iwo directors	on	behalf ofall the directors	Sign	and	Print	Name	approval
							dd/mm
							tpi gb	12
							Print name
Signature ofdirector authenticating		accounts being sent io	Sign	and Print		Name	Date dd/mml
Companies	House
			~ h4ht	1"	F	4'5	Print name

	NOTES TO THE ACCOUNTS (Continued)	NOTES TO THE ACCOUNTS (Continued)
Note 2	Accounting policies
2.1 INCOME
Recoqnition	of income	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 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 the estate and any conditions attached to the legacy are either within the control ofthe		in
		charity or have been met.
Government	grants	No government grant received in 2021-22.
		Gift Aid receivable is included in income when there is a valid declaration from the
Tax reclaims on donations and gifts		donor. 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 GiR Aid donation is
		subsequently found not to be valid, the donation is added back.
Contractual performance	income and related	This is only included in the SoFA once the charity has provided the related goods or 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 giR 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	This is included in the accounts when receipt is probable and the amount receivable	can
and investments		be measured reliably.
		Membership subsciiptions which give a member the dight to buy services or other
Income from	membership	benefits are recognised as income earned from the provision ofgoods and services as
subscriptions		income from charitable activities. Subscdiptions received covering the period aRer the
		year end are treated as payments in advance and shown in the accounts as creditors.

2.2 EXPE	NDITURE AND LIABILITIES	NDITURE AND LIABILITIES
Liability	Liabilities are recognised where it is more		likely than			not that there			is	a legal or	constructive	obligation
recognition	committing the charity to	pay out resources		and	the amount ofthat					obligation	can be measured with reasonable							certainty.
Governance	Those costs relatinc to its legal responsibilities and				the		carrying out oftheir duties by the Directors and							other		Officers.
costs
Creditors	The charity has creditors which are measured			at setfiement amounts						less any trade discounts.
Tax	The Charity is not registered	for VAT.
	The Charity daims the small	trading tax exemption			in order to be exempt from paying Corporation Tax on										Its	non-charitable			activities.
2.3 ASSETS
Tangible fixed	These are capitalised ifthey	can be used for		more	than		one year,	and cost at least 21,000.
assets for use	They are valued at cost.
by charity	The amortisation rates and methods used		are disclosed				in note 8
Intangible	The charity has intangible fixed assets, that			is, non-monetary assets						that do not have physical			substance		but are			identifiable
fixed assets	controlled by the chariity through custody or legal rights.						The amortisation rates				and methods	used are disclosed					in	note 9.
Heritage	The charity has heritage assets, that is, non-monetary					assets with		historic, artistic, scientific,				technological,
Assets	geophysical or environmental	qualities that	are held			and maintained				principally	for their contribution 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 ofst
	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 Magariine are mainly accumulated because									ofthe need to print enough			for distribution				to	members		while allowing		for some
	surplus for sale and publicity	purposes and	for any		damaged in the				post.
Debtors	Debtors (inducing 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 alter any or other consideration expected								to be
	received.
Note 3	Income
									Restricted
	Analysis of	income				umsstrlctsd funds			Income funds		Total funds	Prioryesr
											6		6
Grants	Government Covid 19Su	rt
Donations	Donations and ifts						248 384			2201	250585		88 184
	Income Tax reclaimed on	Gift Aid					1,257			546	1 803		2,145
				Total			249 641			2747	252388		90,329
	*includes gift aid recoveries from membership fees
Charitable	Members' Subscri tions						12,654				12,654		12,254
activities:	Sales ofMerchandise						15678				15678		22 042
	Meetin ofiections						598				598		50
				Total			28930				28,930		34,346
Other trading
activities:	Use ofphotograph collections
	Fee for rivate trofie bus	useof Efiou	h				780				780		780
	Sandtoft: 541 o cretin	a ment
				Total			780				780		780
Income from	Interest income						95				95
investments:				Total							95
TOTAL							279,446			2,747	282,193	125,455
INCOME

Ksyr R-re	strict	ed fu	nds ofthe c	harityi and U	-unrestricfed funds
								un							u
								balances							balances
Fund names				Ror U	Purpose and	Restrictions		brought							canted
								foiwai'd	Income		Expenditure		Transfers		fonuanl
								E	E		E		f.		E
Wolverham	ton Troll		bus 654		Restoration	and Store e		18099		825	2	034			16690
Hastin sTrois		us 45			Restoration	and Store e		16566							16 66
Belfast Trois	bus	168			Restoration	and Store e		2 250	1	373	I	500			2 123
Hu 'sfield	Troll	bus	541		Restoration	snd Store e		1674		750		840			1 84
Trofie books					Jomt Venture to Publish	Trofie bus	ublications	2764					2	500	6 37
Building Fund					Purchase ofStorage Facilities			147,438					1,544		145,894
Total Restricted		Funds						188791	3	521	4	374		956	188894
Unrestncted					Unrealised Revaluation Reserve			44000	3	100					47 100
Unrestricted					Free Reserves			102228	278	346	25	042		efia	362674
					Total Funds as per balance sheet			335,017	262,967		29,416				688,568

									balances						balances
Fund names				Ror U'		Purpose and	Restrictions		brought						canied
Wolverham	ton Trot		bus 654			Restoration	and Store	e	forward f 17979	Income E	Expenditure f 600 - 480		Transfem E		forward f 09
Hastin s Trofie bus		45				Restoration	and Store	e	15941		625
Belfast Troll	bus 168					Restoration	and Store	e	486		880 -	14,116	15,000
Hudders ield	roll	us	541			Restoration	and Store	e			750 -	840	1 000		6 4
Trois books					Tmus	books ublicafions - Joint Venture			8354		4 0		4000		7 4
ui In9 un						urc ase o	orage ac	i es
Toh stricted Funds									190506				10	6	188791
Unrs ted					Unrsaiised Revaluation Reserve				44 000						44 00
Unrestricted						Free Reserves			24 021	122	600 -	33,939	10,456		102226
						Total Funds as per		balance sheet	268,627	125,865 -		49,375			335,017

			Year	Ended
			31December 2022	31 December	2021
Sales ofbooks and publications			2	2
less rxrst ofsales			2785		963
add stock adjustment to estimated		net value	2,623 240		1,217 3D2
less			2,863		1,519
stock adjustment to estimated Overheads Nat Proet	net	value	1317		0 699 820
~an~ce Sh
Stack Debtors Bank Balances			5,182 2,845 4 1st		2,525 1,016 2387
less Crsdiiom ASSEfs			12,208 134 12074		5,928 400 5528
Represented by
Available for Dislribution
Balance at 1stJanuary Nst Profit for the Year			5.478 I 546		10,658 820
Dislibulsd lo:			7,024		11,478
British TroSsybus Society NTA (1963)Limited Balance at 31st December Initial Funding Nst Assets			7,D24 50 7074		3,0DD 3000 5,478 5D 5528
NTA (1963)Limited Reserve Statement
50%ofBalance al 1st January Distributions received Funds advanced Share ofProfit transfer to SOFA Undistributed Rsssniss Fixed Investment Net fnvsstmsnt			2,739 2.500 773 6,012 25 6037		8,329 4,00D 410 2,739 25 2784
Distribution dus to NTA(1963)Ltd	st	30th september

STATEMEN	T	OF FINANCIAL A	CTIVITIES	for the	year ended 30	SEPTEMBER	2022
			Unrestricted	funds	Restricted funds	Totalfunds	30/09/2021
Income (Note 3)
Income and endowments	from
Grants received
Donations end legacies				249,641	2 747	252,388	90,329
Charitabie activ;tus				28,930		28,930	34,346
Other adivities				780		780	780
Investments				95
Total				79,446	47	282,193	125,455
Expenditure (Note 4)
Expenditure on
Charitable activities				24,097	4,374	28,471	47,408
Fundratsing				52		52	198
Governance				183		183	977
Other				710		710	792
Total					4374		375
Valet income/(expenditure)		before investment
gains/(losses)			254,404		1,627	252 777	76080
Unreaslised Valuation	of
Heritage Assets (Note	10)
Net gain in Trolleybooks
(Note 15)					773	773	410
Net income/(expenditure)			254 404		854	253550	76490
Transfers between funds				954	954
Net movementin funds			253450		100	253550	76490
Reconciliation offunds (Note 14/
Total funds brought forward			146226		188793	335019	258529
Total funds carried forward			399,676		188893	588569	335019

			B	ALANCE S	HEET	AT 30SEP	TEMBER 2	022
						Unrestricted	Restricted
						funds	funds	Total this year	30&ep-21
					Note
Fixed assets
Tangible assets					8		145,894	145894	147.438
Intangible	assets				9
Heritage assets					10				44,000
			Total	fixed assets					191,438
Current	assets
Investment					45		6,037	6,037	2,764
Stocks					11	7,694		7,694	5,724
Debtors					u	35,968	1,295	37,263	10704
Cash at bank						323,382	37,515	360,897	135,685
		Total current assets
Creditors:	amounts		falling	due within
one year					12	11,615	1,848	13,463 -	8,211
			Netcunentassets						146,666
Total assets less current lfabilities									338,104
Creditors: one year	amounts		falling	due after		2,853		2,853	3,085
Total net assets						399,676	188,893	588,569	335,019
Funds ofthe Charity
Restricted	income	funds			14		188,893	188,893	188,793
Unrestricted	funds					399,676		399,676	146,226
				Total funds				,56	335,019

	NOTES TO THE ACCOUNTS (Continued)	NOTES TO THE ACCOUNTS (Continued)
Note 2	Accounting policies
2.1 INCOME
Recoqnition	of income	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 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 the estate and any conditions attached to the legacy are either within the control ofthe		in
		charity or have been met.
Government	grants	No government grant received in 2021-22.
		Gift Aid receivable is included in income when there is a valid declaration from the
Tax reclaims on donations and gifts		donor. 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 GiR Aid donation is
		subsequently found not to be valid, the donation is added back.
Contractual performance	income and related	This is only included in the SoFA once the charity has provided the related goods or 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 giR 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	This is included in the accounts when receipt is probable and the amount receivable	can
and investments		be measured reliably.
		Membership subsciiptions which give a member the dight to buy services or other
Income from	membership	benefits are recognised as income earned from the provision ofgoods and services as
subscriptions		income from charitable activities. Subscdiptions received covering the period aRer the
		year end are treated as payments in advance and shown in the accounts as creditors.

2.2 EXPE	NDITURE AND LIABILITIES	NDITURE AND LIABILITIES
Liability	Liabilities are recognised where it is more		likely than			not that there			is	a legal or	constructive	obligation
recognition	committing the charity to	pay out resources		and	the amount ofthat					obligation	can be measured with reasonable							certainty.
Governance	Those costs relatinc to its legal responsibilities and				the		carrying out oftheir duties by the Directors and							other		Officers.
costs
Creditors	The charity has creditors which are measured			at setfiement amounts						less any trade discounts.
Tax	The Charity is not registered	for VAT.
	The Charity daims the small	trading tax exemption			in order to be exempt from paying Corporation Tax on										Its	non-charitable			activities.
2.3 ASSETS
Tangible fixed	These are capitalised ifthey	can be used for		more	than		one year,	and cost at least Sf,ooo.
assets for use	They are valued at cost.
by charity	The amortisation rates and methods used		are disclosed				in note 8
Intangible	The charity has intangible fixed assets, that			is, non-monetary assets						that do not have physical			substance		but are			identifiable
fixed assets	controlled by the chariity through custody or legal rights.						The amortisation rates				and methods	used are disclosed					in	note 9.
Heritage	The charity has heritage assets, that is, non-monetary					assets with		historic, artistic, scientific,				technological,
Assets	geophysical or environmental	qualities that	are held			and maintained				principally	for their contribution 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 ofst
	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 Magariine are mainly accumulated because									ofthe need to print enough			for distribution				to	members		while allowing		for some
	surplus for sale and publicity	purposes and	for any		damaged in the				post.
Debtors	Debtors (inducing 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 alter any or other consideration expected								to be
	received.
Note 3	Income
									Restricted
	Analysis of	income				umsstrlctsd funds			Income funds		Total funds	Prioryesr
											6		6
Grants	Government Covid 19Su	rt
Donations	Donations and ifts						248 384			2201	250585		88 184
	Income Tax reclaimed on	Gift Aid					1,257			546	1 803		2,145
				Total			249 641			2747	252388		90,329
	*includes gift aid recoveries from membership fees
Charitable	Members' Subscri tions						12,654				12,654		12,254
activities:	Sales ofMerchandise						15678				15678		22 042
	Meetin ofiections						ege				598		50
				Total			28930				28,930		34,346
Other trading
activities:	Use ofphotograph collections
	Fee for rivate trofie bus	useof Efiou	h				780				yeo		780
	Sandtoft: 541 o cretin	a ment
				Total			780				Teo		780
Income from	Interest income						95				95
investments:				Total							95
TOTAL							279,446			2,747	282,193	125,455
INCOME

Ksyr R-re	strict	ed fu	nds ofthe c	harityi and U	-unrestricfed funds
								un							u
								balances							balances
Fund names				Ror U	Purpose and	Restrictions		brought							canted
								foiwai'd	Income		Expenditure		Transfers		fonuanl
								E	E		E		f.		E
Wolverham	ton Troll		bus 654		Restoration	and Store e		18099		825	2	034			16690
Hastin sTroae		us 45			Restoration	and Store e		16BBS							16 66
Belfast Truss	bus	168			Restoration	and Store e		2 250	1	373	I	500			2 123
Hu 'sfield	Troll	bus	541		Restoration	snd Store e		1674		750		840			1 84
Trofie books					Jomt Venture to Publish	Trose bus	ublications	2764					2	500	6 37
Building Fund					Purchase ofStorage Facilities			147,438					1,544		145,894
Total Restricted		Funds						188791	3	521	4	374		956	188894
Unrestncted					Unrealised Revaluation Reserve			44000	3	100					47 100
Unrestricted					Free Reserves			102228	278	346	25	042 -		956	362674
					Total Funds as per balance sheet			335,017	2S2,967		29,416				688,568

									balances							balances
Fund names				Ror U'		Purpose and	Restrictions		brought							canied
									forward f	Income E		Expenditure f		Transfem E		forward f
Wolverham	ton Trot		bus 654			Restoration	and Store	e	17979		600	480
Hastin s Trofie bus		45				Restoration	and Store	e	15941		625
Belfast Troll	bus 166					Restoration	and Store	e	486		880	14,116		15,000
Hudders ield	roll	us	541			Restoration	and Store	e			750	840		1 000
Trois books					Tmus	books ublicafions - Joint Venture			8354		4 0			4000
ui In9 un						urc ase o	orage ac	i es
Toh stricted Funds									190506					10	6	188791
Unrs ted					Unrsaiised Revaluation Reserve				44 000							44 00
Unrestricted						Free Reserves			24 021	122	600	33,939	-	10,456		102226
						Total Funds as per		balance sheet	268,627	125,865		49,375				335,017

			Year	Ended
			31December 2022	31 December	2021
Sales ofbooks and publications			2	2
less rxrst ofsales			2785		963
add stock adjustment to estimated		net value	2,623 240		1,217 3D2
less			2,863		1,519
stock adjustment to estimated Overheads Nat Proet	net	value	1317		0 699 820
~an~ce Sh
Stack Debtors Bank Balances			5,182 2,845 4 1st		2,525 1,016 2387
less Crsdiiom ASSEfs			12,208 134 12074		5,928 400 5528
Represented by
Available for Dislribution
Balance at 1stJanuary Nst Profit for the Year			5.478 I 546		10,658 820
Dislibulsd lo:			7,024		11,478
British TroSsybus Society NTA (1963)Limited Balance at 31st December Initial Funding Nst Assets			7,D24 50 7074		3,0DD 3000 5,478 5D 5528
NTA (1963)Limited Reserve Statement
50%ofBalance al 1st January Distributions received Funds advanced Share ofProfit transfer to SOFA Undistributed Rsssniss Fixed Investment Net fnvsstmsnt			2,739 2.500 773 6,012 25 6037		8,329 4,00D 410 2,739 25 2784
Distribution dus to NTA(1963)Ltd	st	30th september