NTA (1963) LIMITED
(LIMITED BY GUARANTEE)
REPORT OF THE DIREcfoRS
AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024

NTA (1963) LIMITED
(LIMrrED BY GUARANTEE)
Contents of the Re
ort
Dlrectors, Report
Pages 3-7
statement of Financial Activltles
Page 8
Balance Sheet
Page 9
Notes to the Financial Ststements
Pages 10-18
Report of the Independent Examiner
Page 19

IREcfoRS NT
The Dlrectors present thelr reFKJrt aThY the flnanclal statements for the year ended 30th SeK*emter 2024.
srATUS
11963) Umrted Is reglstered In England and Wales both as a company liM￿d by guarantee number
937035 and as a register&J charity number 288846. The company changed Its narne to NTA (1963)
LIMrrED from the frolleybus Museum Company Limited on 7th June 2012. The Company Memordndum of
s(Kk4tion sets out ts objects and power5 and It15 governed u￿leT ts Artkles of Association. The ￿panY
also operates under the name of National Trolleybus Assockiuon.
MEMBERSHIP
meM￿rShIp of the Company at Septemter 2024 was 399 pa￿n9 members ￿u$ 11 honorary members. a
total of 410 athough some late renewals were expected (at October 2023- 430).
Annual Su￿C￿p￿*nS were set from l October 2019 to the folk)wing:
Untted KingdLVn'.
£26.00 p.a.1£S0.00 for ￿40 years
Rest of Europe:
£30.00 p.a.
Rest of the Worll..
£35.00 p.a.
Each memLkr of the Company guarantees the debts of the Company to a totsl of £1. Thi5 guarantee
cMtlnues to hold well for up to C￿e year after ￿sIng to be a rnember.
OBJECTIVES AND PUBLIC BENEFIT sfATEMENT
(a) To advance public educab'on by establlshing and malntslnlng for the benefit of the natbn an
operating troifeybus museum and for the Ilke purpose to promote the permanent prese￿atiOn of
omnlbuses and trolley vehldes and equlpment, and Stems of geneRI transport Infrrest of artual or
potential h15torfc or sclentyflc Importan￿ and educatlve value.
(b) ExhlbltlThJ to the pubjlc any such vehicles, equipnent and item5 as aforesald ty means of
temporary or permanent exhIbI￿￿S and to demonstrate and asslst In demonstratlng to the publlc
the w￿￿n9 operation of any sud) vehicles, equipment and Items by ffleans of ststlc or mobile
displays and by carrying the public on such vehides or Othe￿Ise.
{c) To promote and further the study of and ￿$earth Into trolley vehldes and trolley vehicle
undertskin95 and other forms of transport aTrd the hlstorkal, 50enufic, sodal and other a5Fects
thereof and to publlsh the results of all useful research for the benefft of the public at kirge.
PRINCIPAL ACTivrriES AND BUSINESS REVIEW
In pursuance of Its oblettlves, the Company undertook the followlno athvltles durfng the year.
•) Ownershlpi Restorntlon and Preservatlon of HSstorl¢ Trr*lleybuse$ for Publlc Exhlbltlon
Oe/ffast 168. A 1949 Guy BTX wlth a bu1￿ In Northern Ireland by Harkness was the last trolleybus to
QLErate In I￿land In 1968. Located at the Keighley Bus Museum for restoratr'on work since 2015, it was
moved to Ellough In earfy 2023. An apFeal for donations was boosted by PU￿1c3th)n of the HlstoryofBeMJst
Trolleybuses by frolleybooks rx)nations of £31,700 have receNed, including Gift Ad, and restoration
work has c05t £115,000 ￿ far, Induding rent. Restoratt'on wa5 well adVan￿d in 2020, when new window
pan5 were fitted,. but wa5 Intemipted In 2021 and the board Is Itwestlgatlng how ￿st to conunue the work
to the high quality already achleved. Durlng 2023 addthnal spares were purchased that could be used In
168 or other vehicles.
Bournemouth 202. A Sunbeam MS2 bu1￿ In 1935 and converted to open-top confvjuration in 1958. It is
one of onty two 0￿￿-t0p trolleybuses in the world and is in active museum Ser￿￿ at the East Anglia
Transpl￿ Museum. The loan agreement wlth EATM run5 untll 2025. It Is now due for a re-palnL

REPORT OF THE DIRECTORS NTA
(Continued)
1963
Ltd 2023
24
Hastlngs 45. A three-axle slngle-decker fft Guy thassls and Ransomes, Skns aThJ Jefftles body datyng
from 1929. A fund for ts re#ornUon stood at £17,191 at September 2024. No restoratkjn plan h35 yet been
agreed fcf 45.
HUdde￿￿RId 541. A Karrfer MS2 wlth 70 seat Park Royal tK)dyi entered se￿ce In 1947 and, In 1966,
becawe the first priwatsly preseNed trolleybus In the UK to operate on another trolleybus system, w￿n
was used for a tour of Wofvethampton. Restoration to Operating COnd￿On was C*Jmpletsd In 2010 and 541
entered museum Servi￿ at the Trolleybus Museum at Sandtoft on 291h August 2010 Whe￿ fc Is housed
under an agreement, L75t renewed In 2022, whth runs from 1st January 2023 until 151 January 2026. The
cost of storage has been largety covered by generous donations from our member Dav￿1 Beach.
In 2013 the vehlcle operated at EATM for a weekend with 202 in celebratirx) of the 50th annlversary of the
NTA. In 2018 It ran at the 50th anniversary of the closure of Huddersfietd trolleybuses event at the
Trolleybus Huseum at Sandtoft, followed by a 51mllar event In 2023, The Board wlshe5 to thank our member
Dovld Beach for hls conunued generous supm for thls vehIC￿ and Sandtoft Volunteers who kindly Icw)k
after 541.
Wolverhampton 654. One of the last Guy trolleybuse5 bullt, belng a BT Mc¥Jel of 1950, was moved from
Northamptonshlre to the ￿rA store at Ellough in 2022. The fund for the restorauon of the veh￿￿ st(N)d at
nearty £12,814 In September 2024. A stratsgy for renovaung thls vehkle ￿ belng develoFed and thls Is to be
the next major re5toratlon project. We plan to move the vehlcle to a restoration contractor in 2024 or 2025.
Naypine Trolleybus andEqulpmert The IA scaie trolleybus system constr(Kted ty our member Peter
Leplne-smlth, who died In june 2022, was bequeathed to the NTA and was rernoved to the NTA store at
Ellough for the time being. It comprises a mlnlature Readlng trolwbus and a tower wagon Wether with
overhead wfjrlng, Indudlng frogs, We hope that the system can be Installed at a transFM)rt museum for the
enjoy￿￿nt of the publlc. The nrst steps are to trdce the vehide wirfng and restoring It io womng order.
stor4we Depot. Our building at Ellough In Suffolk Is held on a 99-year lease and the NTA trnk possesslon
In Aprll 2018. It Is Included In the account5 as a Tanglble Asset. Tre location ts dose to the EATM at Carfton
Colville. Apart from trolleybuses, it has Spa￿ for archives and spare parts storage. The dimensitins of the
deFK)t a￿ such that up to four of the NTA'S five trolleybu5e5 could be housed but the Intention Is that, In
normal drcuMstsn￿$, it will accomm(Klate three vehtles. The ct)5ts of construction were met from
donations and from the NTA'S own resources, including contribut￿n5 from the WolVert)amp￿] 654 and
Hastings 45 fiJnd5 which were agreed wfch donors.
b} Publlcatlon of Journal
The Cornpany conYnues to produ￿ frolleybus M47gaTh1￿ bl-monthly trm) tts provide Infomalk)n aix)ut th15
fomi of transph)rt. The magazlne ha5 e5tsblished a high reputatlon for accuracy of a)ntenL quality of
presentation and wodd-wlde breadth of coverage.
Issues 372-377 were publlshed In 2023124. TM conts'nues in A5 fo￿llat In full cok)ur. The page court wa5
IncTeased from 36 pages rAus covers to 40 pages plu5 covers frcth TM 358, Ju￿-August 2021.
The Edltor, Carl Isgar, and Directors woukj Ilke to thank all those who assisted wth TM parUcukirty the
News Edthr, Peter Haseldlne and the distribution undertaken by Davld Pearson and all those contribudng
arbcles, plLtures and letters to the Magazlne thls year,
¢) Website
Since 2023 the web address of the NTA has been The Board wlshes to record
Its thanks to Ash* Hoare who set up and malntalns the present slte as a contractor.

T OF THE DIREcfoRS NTA
(Continued
1963
Ltd. 2023
d) Meetlngs
Regular meetlngs were held at Keen House, Calshot Street, London on many toplcs related to British and
foreign tr￿Ieybuses. 10 meetlngs were hekl In 2023124. Members are also wek¢Thed to Meetings in Readlng
and Bradford by reciprocal arrangement with (ther s(xletles. Meetlngs are organlsed by John Parkln who
Wtsu￿ wekcffle sugges￿onS for meetings and wesenters.
el Trolleybook8 (Joint Vonture wlth Brltlsh Trolloybu8 Socletyl
Trolleybooks Is managed by a Panel of slx membeTS, three from each organlsatlon. The representat￿eS
are Ashley Blu￿, Mike Ru55ell and Ed Humphrey5. It aims to publjsh works of Importan￿ on trol*bu5
hlstory and to generate funds for trol￿yb￿S restoration. The Panel Is aw asslstei1 by volunteers, induding
our member Roland Bw former edltor of TM.
In late 2024, TrOlley￿￿kS pvblished volume one of a volume work on" London Trolleybus OperatK)n" by
K. Farrow, C. Holland and R. Smlth. It retslls at £45 and has 312 pages wlth many maps and illustratK)ns.
The NTA Invested £1,600 in the Prin￿ng of thls b(K)k, profts from sales are expecled in 2024125. Volume 2
of thLfj work Is eX￿Cts￿ to appear in 2025 or early 2026. Vèrious Qther tiues are in preparatlon whlth
Indude a Look on Brddford Trolleybuses deallng wlth the rnalntenance and design of the overhead, a
second edltion of Hull Trolleybuses, ffluch expanded, and we hope Trolleybooks w511 publlsh an altr￿M
Prepa￿ In CO-0￿rdt￿￿n w((h the Onllne Transp)rt Arthlve.
f) Sales
The Company nomially sells puLlicatlons and videos at London NTA n￿tIng5 and often at London TLRS
meeUng5. Sales attended seven events In 2023124.. the Solent m￿je1 Tram Festival, fft book and
collectors, falrs at Elstree, two events at Pudsey, a vintage bus event at Detllng and the Crlch McKiels evenL
Some fomerfy regular events we attended have tv)t ￿-started folloYAng the COVID ttisis.
The NTA mail-order seNice run by our Sales Offlcer, Philip Johnson, indudes trc41eybus and tram
pU￿IcationS from home and abroad, back numbers of TM and videos and DVDS. Revenue thSs year Improved
w￿h substantvdl sales of donated ttem5 and wrth some new publlcauons. Overall resutts showed hlgh sales
volumes wlth gross trd￿ng5 after deduthng postal expense5 of £12,300 and net taklngs of £7,51NJ.
g) Collectlons
The Company owns the folk)wlrrfJ collectlons of trolwus Fthottwfak*hS whlch are LElng dlgitlsed..
l. The Mack Collection totals over 6,300 negatfves of UK trolleybuses acquired from the estats of R. F. Mack
In 1987 ft* £700. These photcNJraphs were mosdy tsken be￿een 1946 and 1972, Sc#Me of the collecfjon
has been used in T￿￿YboDkspUblacadon5.
2. The Breartey Collettbn of ab)ut 350 negafjve5 whlch was left to ￿ Company when Harold Breadey
passed away. The collection covers the perlod 1900 to 1972.
3. The LeF4ne-Smlth collettton. Malnly of Lmdon trolleybuses In the -D5ddlerf era, comprlsing 5cMne 227
images.
In addluon, a collecthn of P￿ndal Britlsh ttolleybus ￿metable$ was donated In early 2015 and other
vlntage Umetables a￿ belng added when pos51b￿. the Company a150 holds an extenslve number of
diagrams of trolleybu5 wiring layouts in its overhead wliing records.
FUTURE ACTivrriES
The Dlrertors continued all 0￿ratiOnS during 2023124 and plan Ilkewlse for 2024125. The Dlrertc*s are
commltted to obtalnIng the finan￿ to restore and safeguard the ￿A'S preserved trolleybus flee¢ to
continue the publlcauon of IM to the hlghest thndard5 and tg malntsln an ￿rA Webs￿ to attratt nK)re
sltots and mernbws.

HE DXREcro
ntin ed
1963
Ltd. 20
FINANCIAL RESULTS AND RESERVES
The resutts for the year are set out In the as50dated accounts whlch have LEen subject to Independent
Examination. The report of the Independent Examlner15 Induded In accounts,
The Income for the year was £37,000 Including donadons of roundly £9,100. tA)natlons to restricted funds
Induded near￿ £3,500 towards the restoration of Belfast 168 and £600 for Huddersfield 541. These
donations a￿ eliglble for Glft Ald. Followlng a perfod when no Glft Ald wa5 dalm￿1, a daim for dcfiations
and subscriptlons in 2020121 was made in 2023124 and we plan to dalm for 2021122 and 2022123 as soon
as practKable.
Expendf(ure wa5 rouThlly £28,000, of whKh some £1,800 was spent on trolleybus restoration, movemenL
equipment and archive storage. The largest expendlture Item was some £12,200 on the prLxlucUon and
distribution of Trol￿Ybus Magazlne. The "totsl funds of the charlty" at the year.end were about £592,000
although £47,100 of this Is the value of Heritage As*ts whlch is not realizable. The funds also Indude the
value of our Ellough store whlth Is £142,806 aftei deprecbtion. The diLapldafjons fund for the Ellough store
was £5,788 at the end of the financlal year,
The DITectors dosety monltu the reserves of the Company. Restrf¢led rese￿eS cover trolleybus restorauon
work and storage costs. The balance of unresirlcted reserves stood at over £400,000 at 30th September
2024. These a￿ held malnty to meet unexpected expenditu￿ or a sudden drop in income. Where surplus
income and reserves have arlsen In the past, they have been ub115ed for the trolleybus re5toraYon
progiamme. We a￿ now able to finance more restoration and the Directors are revlewin9 the pcdi
on reserves, Indudlng Investment to y￿Id Inte￿5t Income.
At 30th September 2024 restrthd reserves of £186,600 were held, most of whlch represents the Tanglble
Asset of the depot at Ellough and the resi for the restoration of our trolley vehides. The valLE of fund5 for
vehlcles is a5 follows.. for Wolverhampton 654 {£12,815}, Hastings 45 {E17,191), funds for Belfast 168
(£4,094) and Huddersfield 541 (£2,334) were depletsd by costs of vehlcle MOve￿nt and rent. No
restoratksn work on Belfast 168 was posslble this year but some spares were obtslned. Wofverhampton 654
was Inspected by vehlcle restoration contractors in March 2023 and the report was encouraglng. It was
pbnned to start its re5torab)n In 2023124 but thls was not posslble.
The totsl cost of building Ei10￿)h depot was £152.842 In 2017-18. Thbs asset Is belng depreciated on a
stralght-line basls over the 99 year lease peilod.
APPRECIATION
The Dlrertor5 wlsh to record ￿1r appreciation to all membeis for thelr contlnued sUPPOrt duriThJ the year
and, espeaalty, to those who gave donayons large or small to help towards restoration, particularfy for
Belfast 168, and to storage costs, esFeclally In support of Hudder5field 541 and Wolverhampton 654. The
DlreLtors also wish to recoid thelr ap[Yeda￿on to the officers and other volunteers who gave of thelr ￿me
freely throughout the year and without whom the work of the charlty would be so much the pcy)rer. In
partlcular, the Dlrectors woukl Ilke to thank the volunteers at Car￿n Colville for contlnulr4J to maintaln
Bournemouth 202, and to thank Sandtoft volunteers for the Ca￿ of Huddersfield 541. Thanks are also
extended to our members.. Alan Holrnew￿d for aSsthn￿ Sn preparlng the accounts and to Mc Slmons who
is our Independent Examlner.
APPOINTMENTS
Ed Humphreys. ha￿n9 reSun￿d the Treasurei role following the (*ath of Steve Kirkby in 2021, continued
until our v(Junteer, Hans Retalli¢*, couhl tske over durlng 2023. Hans was fom)ally appointed as a director
In )uty 2023.
Carl fsgar, the ed5tor of Trolleybus Magazlne, was appolnted a5 a member of the b)ard at the AGM on 26th
Juty 2024.

REPORT O
DIRECTORS NTA
1963
24
DIRECTORS
All DSreciors a￿ mernbe￿ of the CDmpany.
The followlng Dlrectors hekl offKe durlng the year,.
E. M. H. Humphreys
C. F. Isgar
D. M. Lawrence
D. B. Pearson
J. C. Retall
M. J. Russell
T. A. Stubb5
J. H. Ward
Board Member
Board Member from 26th JUW 2024
Chalrman and Member5hlp Secretary
TM Distribu￿on
Treasurer
Board Member
ard Member
DIRECTORS, RESPONSIBILITIES
Company Law requSres the Dlrector5 to Ffepare financial ststements for each finanaal year which give
true and fair v￿W of the state of affrdirs of the charitsble company as at the balan￿ Sheet date and of ts
Incomlng resources and appllcats.on of resourc&, Includlng Income and eXpendI￿re for the financial year. In
prepailng those flnandal ststements, the DIrett0￿ should follow best prath'ce and..
select Suttable accounting policles and then apply them conslstentW-
make ludgernents and estimates that are reaSDnable and prudent. and
prepare the financlal statements on the golng concwn basis unless it Is Inapproprfate trs P￿urne
that the company will tontinue In business.
The Dlrector5 are reS￿nSible for keeplng proper accountlng records which disclose reasonaNe
accuracy at any Ime the financial posltion of the charitable company and to enable them to ensure that the
flnanckil statrments comply with the CoMpan￿S Act 2006. They are also responsible for safeguarding the
assets of the charitable company and hen￿ for tsking reasonable steps for the prevention and detectlon of
frdud and other Irregularities.
Thls rep)rt wa5 prepar& in accordance the Statement of Recommended Practice.. ACCOUn￿n9 and
Reportlng by Cfvar￿eS (Issued in March 2005) and in accordance the Thnandal Re￿￿ng Standards for
Srrwlter Ent￿leS (effective Aprll 20081.
Approved by the DIrectO￿ on 24th June 2025 and slgned on their behalf by,.
D. M. Lawrence
Chairman
E. M. H. Humphreys
Direttor

Company Regi$lralion Numbor
Charity Rggistralion Numbèr
937035
288846
NTA (1963) LIMITED
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 SEPTEMBER 2024
Unrestricted fund¥
R•$trlcted fund8
Total fund8
3010912023
Incomè INote 31
Income and èndowmbnts fvom
Giants fecewtd
Oon4tion5 and legackng
Chartat49 a￿[Wit￿l
4.fJ08
26.407
780
718
5,088
9.096
26.407
780
9.583
31,684
780
645
OlhErèaliVthS
Invqsimen
Total
Exp•nditur• (Not• 41
Expenditurn on
Cbortt&ble 4ctivtss
5.088
23,064
830
1,823
433
.95
1.831
24.895
830
1,623
433
7,781
48.953
65
544
738
FUnd￿WIng
GovÈmAnc•
Olhor
Total
Net incomellexpenditurèl b•for• Investment
galnslllossesl
Unreaslised Valuatlon of
H&rltsgg A$3ets (Note 101
Net galn {Lossl in
Trolleybooks (Note 151
5.963
3,257
9,220
7,608
2,072
2,072
N•t in¢om•llèxp•ndlturel
Transfèrs befv4•èn funds
Nèt movemént In funds
5,963
56
5,907
5.329
11,292
7,440
5.385
11.292
7,440
Reconclllatlon of fvnds (Note t4)
Total lunds brought fonvard
Total lunds carried fon¥arrl
399.906
181.223
86,608
581.129
592,421
588,569
581.129
Page 8

Company Re.gislrabon Number
Charity ftegislrabDn Number
937035
286￿8
NTA (1963) LIMITED
BALANCE SHEET AT 30 SEPTEMBER 2024
Unrestri¢tèd Rgstrict•d
funds
funLI$
Total thls yoar 3D-Sep-23
Noi•
Flxed assets
Tanqlble assets
Intanglble assets
Herltage assets
42.806
142,806
144.350
47.100
47,100
47,100
191,450
fotsi fixedassets
Current assets
Invtsbment
Stocks
DebtOTS
Cash at bank
7.368
7,368
7,151
11,376
388.829
414,n4
3.696
7,049
10,649
38fj.597
407,991
7.151
8,244
355.527
370,922
3,132
33,302
3,602
Totol ¢urrontas5Ets
Credltors: amounts lalling due within
one year
11,498
11,498
1T.615
Nel current •ss&ts
290.376
rot213ssets less CUFrenl liabilitie&
.581,B26
Creditors: amounts falling duc after
one year
711
711
697
Total nel assets
405,813
18e,'6DS
592,421
581,129.
Funds of the Charity
Restrlctsd Incomtr lunds
Unrestricted funds
186,608
186.608
405,813
181,223
399,906
581,129
405,813
Tot81 funds
rhe company was enutltrd lo exemption from audlt under5477 of the C*%npanies Act 2006 relatlng
to small comparjles.
7he memjers ITaVQ not required Ihe company to obtaln an 8u¢lltin accoffjèftce wlth Section 476 of
the Cornpanies Act 2006.
The dlre¢tots acknowledge thdrresponsibllities for Gomplying wlth the requiroments ofihe
Companles Act with respectfo accounting records and the p￿pa￿tIOn of aCCDunts.
These occounts have been prep•red In a¢¢ordan¢e wlth theprovlslons appllcable to smaN
cornpanles subject to Ihe small companie5 reyime and In accordHnce wlth FRS102 SORP.
Dale of
sppioval
ddlmml
SvJnBd by one directm ￿ behalf ofall th8 dire¢Ws
Slgn and PrlDI Name
t*loL125
M . L&knJLE44cE
Print nAme
SignalurE of diredor auihcniicabng acLoun15 beiro sènito
ConyaDEs House
Sign and Print N8me
Date
ddlffl
prtiit namo
P3yB 9

NOTES TO THE ACCOUNTS
Note 1 Basls of preparatlon
1.1 Basis of accounting
These accounts have been prepared under the hislorlcal cost convention wrfh Items ie¢ognlsed al cost or IransaGtion
value unless Otherwi￿ staled in the relevant notes lo these a￿oUnts.
The accounts have been prepared in accordan￿ with....
al the Statement of Recommended Practlce Accounting and Reporting by Charities preparlng Iheir accounts
in 8¢cordaneè with the Financlal Reportino Standard applicable in the UK and Republic of Ireland IFRS 1021
applicable in the UK and Republic of Ireland {FRS 102) i88ued on 16 July 2014 t¢)gelher w￿h Update 8ulletin 1
bl the Financial Reportino Standard opplicable in the Unlted Kinodom and Republic of Ireland IFRS 102
ssued March 20181.
cl the Companies Act 2005.
d} the Charities Act 2011.
Tho charity constitutes a public benefit entlty as defined by FRS 102.
1.2 Golng Concgrn
The Directors consider the Charity to be a golng concem.
In reachlng this decision, the folbwing factors were relevant-.
al The Charity is solvent
bl There are no wtentlal bad deb15 that would impact liquldlty
cl There are no significant creditors or contingent Ilabllilies that would affect liquldily
dl There are no oulslanding overdrafts or loans
1.3 Change of accountlng pollcy
In accordance with the Charity SORP, the aceounty now incorporate a 50Qkn investment in a joint venture
with another UK Charity. Further infom)ation- see Note 15.
1.4 Changes to accountlng estlmales
A fair value for the Herllage Assets was introduced in 2019- see Note 10.
1.5 Material prior year errors
No material prior year errors have been identified in the reporting year.
Page 10

NOTES TO THE ACCOUNTS (Continued)
Note 2 Accountlng policies
2.1 INCOME
Recognition of income
These are included In the Statement of Flnancial Activities ISoFA} ¥then the Charity
becomes enlilled lo the resources.
Offsetting
Thera has b•8n no offsetting of assets and liabilities. or I￿ome and expenses.
Grants and donatlons
Grants 8nd d4)nalions are onty included in the Sofa when the general income
recognition criteria ale mel.
Ltsgacies are induded in the SOFA when receipt 58 probable, that is, then therè has
been gr8nt of probate, the executors have estsblished that there are sufficient as8el3 in
the estate and any conditlons 81tached to the legacy are either within the Control of the
¢harfty or have been met.
Loga¢l
Governmènt grants
No govemment grant r&c&iv&d In 2023-24.
Gift Aid receNable Ss Includ&d In income vthen there is a valid de¢laralSon from the
donor. Any Gift Aid amount r8covered on a donation18 considered lo be part of Ihal gift
and is treated as an addition lo the Same fund as the inltial donation unless the donor
or th& lem$ of the appeal have specified otherwl$e. Whero a Gift A¥J donation is
subsequently found not lo be valid. the donation is added back.
Tax reclalms on
donatlons and gifts
Contraetual Income and Thls Is only Included in the SOFA once the ch8rity ha8 pro￿￿ed the related goods or
performance related
sewices or met th& performance ielaled conditions.
grnnts
Donat?d goods
Donale(I good8 are measured al fair value Ith8 amount for which the asset could be
exchanged) unless impractlcal lo do so.
Donated servlces and
facllit5es
Donated services and fa¢llitlg5 al? included in the SOFA when received at the value of
the gift tts th9 ch8rity provided the value of the gift can be mga¥ured reliably.
Donated services and facilities that are consumed immediat&ly are r&cognised as
In¢ome wth an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
The value of any voluntary hèlp received is not induded in the accounts bul is
describèd in th8 Trustees, annual report.
Volunteer h•lp
Incom• from deposlt8 and This is Sncluded in the accounts when receipt is probablè and th8 amount receivable
In￿SIm*nI$
can be measured reliably.
Mernbershlp subs¢rfplS¢)n$ whlch give 8 member the rfght to buy se￿+c@S or other
Incom• from mernbeTBhlp bonefils are recognised as income earn¢d from th¢ provislon ol good8 and services as
sub$¢ription¥
income from charftsble a¢tivili&s. SubscriplK)ns received covgring the period after the
yèar end are Irealed as payments in advanco and $hovm in the accounls as credilors.
Pagg11

NOTES TO THE ACCOUNTS {Continued)
2.2 EXPENDITURE AND LIABILITIES
Ll*bllity
rocognltlon
L￿bIlItieS Bre rgco9nised il is more Ilkalylhan nDI there Is # legal OrGonslrL￿jyÈ thligaN
comrnittng thg charily to pay ￿￿t reswrce8 8rKJ the Bmounl of th81 atsig8lK)n Gan be measured wilh reason3bl8 certainty
Those costs rel3lrvJ to fts ￿031 responsi￿lItIeS and Ihe Car￿r0 out ofihBirdube5 by tae other offic8￿.
Gavgrnanco
Creditorn
The thanty hag tt8ditor8 which affj MtrasU￿* al setU•rn8rrt atnDun151o5¥ anytr•Ye d￿CoUnts.
Charity Is not tsgisiered tor VAT.
The Charity cL4ims the small lrtdiw tax a¥ernpl￿n in (¥d¢rlo be exémpl fram paying CLwraiion Tax ￿ 11$ nctrcharitaNe ac*¥iti8S.
Tax
2.3 ASSETS
Tanglbl• fixed These are c8Pit81ised if they G&n bfr used for mrKe ih&n on8 year, aryj w9¢81 leasl £1,00Q.
for Thèy are 81 ¢08t
by chailty
Thè amortisalion ￿leS and rneththls used are disdosed in note 6.
Intanglbl•
¥ed 8886ts
The charity has intanolblo fixad 858ets. Ihai16, ntrbrronetaryas861$ Ihatdo not have phyylral s￿staD￿ butrare KIentffia￿e
controll*J by th8 ch8ritythrou9h cu$tth or10gal rights. The amortSsallon rates and methods used are disck￿d In not8 9.
Tte ¢nariiy ha¥ henlage 8SSeis, Ihal is, non-monetaty asseis wilh hist￿¢, arbsliG. 5cieniifi¢, ￿hn￿O)￿al.
geophy8ical ryenwironm8nial qualit￿5 that ar8 and rnpinlained pnncipally for theIr￿ntTrtsu￿on lo kno¥*ledge
cullure.
The fthr valua In tha aGcounts i# deS￿bed in note 10.
Assets
Stock
Slock5 for salè as pgrt of mTr¢h8ritablfi Irade are rneatsurwj al the kw•r of coster nel reallsablfr val￿.
Gwds prDvided a5 part of a charita￿e actyvlty 818 measured at nel realls8ble valua ts85ed on ihe seMc• wtenliBI provided by items of.
Stoth$ ol now books acquired for sale are ordered in qUan￿lIes￿dOed likely lo b• gc4d Ints market swed by NTA son￿ bwks sell betierth
others bul Iher&ar& very few exampl•$ of books that h3V9 sold very S￿V.
The 8kncks of Trolleybu8 M4azine are accumulated b¥au80 olthe need to print enough lordiÈtribul￿￿ lo members while 311(phiry 8CthÉ
surplu8 for $aleand publicity p￿pUs95 and for any damag￿ in tho post.
Dobiofs
D8biofs lincluding Irade debtors and loans receiwablel are measur&J on Inib"al recagnibon al s8lllern￿l gmouni after8ny
discounts oramouni ad￿n¢￿0 by Ihe c*8ri1y Subseq￿tly. Ihey are measur8d ktlh8 ¢ash or olher con$hleraiion expeded to bts
rectyved.
Note 3
Income
Roslrfct•d
Incom•
luTrd•
Anatysls of In¢omo
UAr•g1rt¢ts
14nd*
T¥tsi fvn¢Jo Pilory••r
Grants
Donatlon¥
Donations 8nd glfts
Inc)me Tax reclaimed on Gltt Aid.
2,352
1,656
4.￿6
4,098
992
5,088
6,448
2,648
9.096
7.870
1.713
9.583
Tgtal
'￿￿d$S fflombgrship l••g
Charil4blo
activiUes'.
Member5, Subscriptions
Sales of Mer¢handi5e
Meeting CollÈ¢tlon¥
11,906
13.922
579
17,908
13.922
579
28.407
13.536
17.760
388
31.894
Totsl
Oth¢r tradlng
•ctivilies'.
Use of photograph ¢olle¢tion5
Fee for private Irol
Sandioft.. 5410
eralin
US Use ol Elbu
avmeni
780
780
780
Total
7eo
780
78U
Income from
Inve8tm?nt5:
Inlere$l in¢ome~
718
718
718
TIB
Totsl
' Includè5 GAlnt8r881
TOTAL
INCOME
31,913
5,088
37,001
42,692
Pag8 12

NOTES TO THE ACCOUNTS Icontinugdl
Note4 EXPENDITURE
of exp•ndlturg
Unro¥tr*tbd
fithdi
Aqgtilci•d
In¢•m•fund
T¢lidfund
Lut
Expvndltvre on
charftabltr
SID
ofTrou￿useS 8n¢ Eq&iLrnI .
5CQ
900
1.520
Movernent and Re¥tOr8b￿ of Trolle
BuikJin
bu$e#
931
13.972
runnin
4.431
4.431
4.C61
Coyl of mer¢handi&e SDkl (noi& 11
Ma
6.692
5.092
7.400
16 768
7.400
7,644
4,038
57
893
Ma
Postage and Slalione
M8gain8 Other CDSIS
M$O1ing Room Hire
To*41 oxpendlturo M ¢harltablp •¢tlvltk•
47B3
758
23.064
1831
24.895
FuthdraiBing
Advqrtlsing & Websilg
To¢41 oxp•nditur• o
FundralBSnts CoBts
830
830
830
830
65
Gov•Manc•
Offi¢er¥' Travel and Moobngs Inotg 71
Accountancy snd AL¥JIl
Annual Swer#l Meeliry
1.318
250
1,318
250
55
55
Total ex
•ndiiure on Govfrrn4nt•
1,022
1.823
544
ot￿r
Bank and P Pal eh4r
Total otb•r expendlliwe
433
433
738
TOTAL EXPENDITURE
25.950
27 781
60,30D
hpr Informatlon..
Analy41• of In¢omo and eX￿nditur0 on acllvlb•s
A¢tlvStygr
DroaTrmm•
kn¢orn•
Extr•ndttur•
N•t
2022Q3
St¢)IB
Flagazlne
15.492
1,797
505
3.518
12,183
758
2.887
1,6
5.784
25.P53
57
Unrt Ic runnln
eOllleXC d
Trol￿Ybo0k1 Profll Disknbubon
SaloolTrolbybus book5 and me(ehAn4i
*Èè ￿loW
2.8e7
ACt￿tr s
13.922
26.564
992
ELLOUGH STORAGE UNIT RUNNING COSTS..
2023 to 30th
Sèptomb•r
2024
2022 10 )Oth
S•pt*mber
2023
Rent4n¢ Rotes
Sgt¥i¢• ono Chqrgg
Ekcln¢it¥ Supply
Landbr¢f$ InAurnThC
AmoNs4￿￿
618
46
1.544
4.061
4431
NDWJtorknl hal been r￿1¥￿￿ Bince th• a¢qL￿red. Ba$¢don a prev￿￿￿¢¢¢￿JP￿fs hll
covld bs approxim•tely£170 p•ranfiurn.
Rateiareeov•r•d by&mal BusinBg¥ Ratos Rélel
Notg S Foos for gxaminatlon of thè accounts:
Thli y￿r
8Bt year
Ind8wnd8ni exarniret$ fee3
Assuraiice S£Nicts olherlhan Ind8Dendenl ex4miDalion
T8X adviw fees
Oihprfegs (for examp￿". financlal 8dwTr. ty)nsuManw. aLro￿tarcY￿9r￿rycets1 pald lo tho
Ind8p8rtdenl e￿MIn0r.TroNeYb0QkSA￿dI1•ff¥ leo INTA pays half of fag rf ch¥rg8dl
250
250
Pap 13

NOTES TO THE ACCOUNTS (Continued)
Noto 6 Remuneration and Expenses
Number of employees during this year or the ksl year
Remungration paid lo DirectOf8
Benellt8 provided lo Dirg¢lot8
Th13 year
Last yèar
Note 7 Directors. and other Officers Expenses
Typ• of expen80$ re
ursed
Th18 vear
ast
ear
Travfrl
Subsistence
Posta
è and Statlon
Stora
eofs
ares
Other
897
544
46
680
TOTAL
Th• number of Directors and oth&r Offlcers
who wero pold •xpen8e8
Not9 8 Tangible flxed assets
8.1 Co$t
Tangible Flxed
assets
Total Fixe
asset$
At the beginning of the
vear
Addrtions
At end ofthe vgar
152.842
1S2,842
152842
152842
8.2 Amortisation
Straight Line
over 99 years
commencing 1st
Ba4is
At the beginnSng of the
V8ar
lrnpaimenl
Chara& lor the vear
Al end of th8 yea
8,492
8,492
8.3 Not book valu•
Net book value al the
beainnlno of the vear
Nel book value at thg
end ol the vear
144,350
144,350
142,806
142.806
8.4 Impalment
There was no provision for impairment 8130 Sept&mber 2024
There will be a professional review every 3-5 years to
determin¢ this provision.
Not8 9 Intangible assets
The Charity has the following InlaThJibb a58ets..,
Website
Goodwill for Trolleybu$ Maoaane
Gotrjwill for 50% interest in Trolleybook$
Membership List
Customer List forsale of Merchandise
No value has been placed on thase assets. The tt¥01181$ are subje¢l t? the Data Protection Acl.
Page 14

NOTES TO THE ACCOUNTS (Continued)
Note 10 Heritage assets
The si9nifiEJnce of th6 Heritage A$sg18 is set out in the Dlrectors. Report.
The followin are considered to ba Hgrila
e Assets
Purcha8e
ma￿•t
Value
301091202d
Insurèd
Value
3010912024
Replacem8nt
C06t111
Accounts
Value
3010912024
erfta e ASSÈ
Dato of
Pu
qul$ltlon
Restor•tl¢)n
Co$ts
Troll bus
B¢urnemouth 202
Hudder5fiekl 541
Wolverhampton 654131
Bottasl 168 121
Hastings 45 131
Maypine TB & eguipmenl
July 1965
£101
donated
don8t8d
donated
donated
donation
£14,300
£53,655
£6,000
£5.000
£1,000
£6.000
£2,000
£3,000
£io.000
£15.000
not applkab
not applkable
not 0opIic8ble
not applicab
£250.0
£200,000
£200.000
£200.000
£150.000
£50,OCbJ
£10,000
£15.WO
£1.llOO
£6,000
£2,000
£3,000
£93,331
2022
E1.000
Photofjraphlc Collèction
R. F. Mack collectlon
Har0￿ Bre8Ne¥ eollection
Lepine- Smith coll8Ctbn
£700
£so
donatlon
£5.IXO
£5.000
2022
£100
£1CQ
Tlm¢tsblo Coll8ctlon
Tlm8labl8s published by B Tld$h
Transport ODeraiors
Spar¢ Parts and E ul
TOTAL HERITAGE VALUE
Note 2.. being ie51ored, neartng Cornplet￿n.
Noto 3.. 8w8itinA re$toration
L8te 19805
£so.coo
£78 000
£s,000
£47,10LI
£1$2 3881
Valuatlon. Trolley Vehl¢l•$
The Charfy'5 neet of fiv& Trolléy Vahicles lorrn the gre818st part of its H8rKage Assels. Each of these vehlcle8. In tts own way, is
n￿u¢ and irre**eable by other authentic V8hlcle5. m2king valuauon a hlghly sublodlve m8tter.
The Board con$lYers th81 three principal opVons e￿$t for Ihe valuallon of th888 a$$els, nam8ty...,..
The Market Value likely lo be ach*ved if Ihe vehKlo wero to b? tra￿(￿rred to anothgr Ilko char￿table body I"M8rket Value,).
It shoukl b8 nol&J that the opportunlty for such tr8nsf8r$ wllhln the ch8rrtabk 5eGtor i5 gr8aUy restrfetod.
Thg insured valuo ofthe vehicle wher8 It18 mjintsined in worting order lor use 8t an operating mus¢um I'ln5ured Valug'?-
' The estim818d tetal retsuild cosl of the vehEle following major damage or almost total destruct￿n. It Should bo remamb8ed
that the h8rllag• value ef a vehlcl8 almost totally re¢onstnJcted, and thus 8ffectw•ty a repllca. Is much less than that ol an
authentic original fRebuild Cosr).
For the purposes of Ihls summary, th8 Boart ¢on51ders tt prudent te adopt the great￿ amounts under Market V8luo and In%ur8d Valu•,
gwifig a tolal of £47,100. However, Ihi$ cgnnot be eon5tNad as FairV4lue under th¢ SORP ru￿.
Valuatlc*n.Spare Part8 and Equipment
The Charity has amassed a quantity of authonbc sparg parts a￿1 equipment appropriato for us8 in Ihe ￿$toratIOn and continu•d
operation of its fteel, Some of th88• components are almost 100 years okl. many pri)duGed by manufa¢turers thai have lo￿ sinc
dlsappeared, and dupli¢ates are rbow mgst unlSkely to be found. EventU81 us8 of these ¢omponenls in r8Storation progiarnrnas w(11
subsl8nlialty r￿U¢8 the tglal ￿5¢S ef those programmes.
It is estimatsd that the total value of all such 8P8r8 parts and equlpm?nt Is of Ihe order of £50.000. A key issue is fore￿$11￿9
whlch of thgs¢ wlll be us8d to resto￿ or repair NTA vehi¢k$ and which might be $old for use by other preservation proje¢l$.
Therefore. this cannot be con8lrued as Fair Value underthe SORP rule. A8 there 1$ no inventgry 10 8UPPOrt the figure of £50,Otx),
th1$ Ho￿t￿ge As80¢ has beon valued t8mporaHty al £5,OLKI.
Hl8¢orlc41 documents, plan8, artefacts èt¢ and Archlv• ¢ollectlon8
The CharSly mainiains an archive of such materlal relevant tc trolWbus opemiion beth In Brlt81n and abroad. Some photagraphs
and th8 timetable colle¢iion purchased and thelr mark•t value is known. Som6 such itom$ provide valuabl8 80urc8$ of
information for future re$earch and th¢ artefacls wouhl a¢h*ve signifi¢anl pri¢e$ rf offered foi sale on the open mathal.
It 15 •Xtr8mety diffi￿￿ to Pla￿ a valug on such ltsms bul the Board ¢on$hl•rs that 8 fi9ure of £5,000 in total M)ukl b• • i•a$onab
¢on$eN#ii¥e estimgte as the falr value under the SORP rub.
Page 15

NOTES TO THE ACCOUNTS Icontlnued)
Note 10 Heritage assets (Gontlnued)
Herltsge A88et Loans
Trolley Vehlclg$
1. Boum•moLrth Trolleybus 202
Bv an aJre8m8nt dated 10th May 2008, Boumemoulh trolleybus No 202 is on ban lo the East AnAIiB
Transport Museum Soc*tv Ltd for a pariod commencino 1st Januarv 2008. renewabl8 in 2025,
The Said Societv 18 8nty.tled to all income arisina frcffj exhibition and oDerali¢n ol this vehicb a¢ Iheir Transoort
Museum premises at Cadton Colvi118.Th8 vehide is accommodated and 58rvlced rent free.
2. Huddersfield Trolleybul 641
B¥ an aoraem8nt dated 27th April 2008. Huddersfield 641 1$ on loan to Sandloll Tran5POrt Centre Ltd lor rent aorged for pFiiods determined I
£2.700 Daid in November 2022 ler 3 y88rs in advance from January 2023 lo Decemb¢r2025. This rent Dald in full for the 3 veor
tern. A fee L5 payable to Iho NTA when 541 is op8r819d.
Note 11 Stocks
Othor trading aclivitl•8'.
Th18 yèar
Last year
Opanlng StoG* at8tart Df year
Addod In yoar
7.049
7,694
5,794
16.122
12,843
23,81S
¢o•tof 94198
5,692
16.767
Closlng ¥tock at ond of year
7,151
7,049
Closlng Stock con8i&ts of
Book5
Videtss
TotalB
7.133
7.031
18
7,049
7.151
Publication5. vldeos and models for re-8810 8ro valued al c08t exceptlorsorne Troll8ybooks stock aTrJ
Llfido models ¥alue¢J èi nil.
The stock and baGk numbers of"Trolleybus Magazlne. are nol hcluded In the a¢¢ouni$ due lo the
uncerfain nature of Ihelr realIsab￿ value.
Note 12 Analysls of debto
Th1$ voar
Last vèar
Trade debtors
p￿paym8nts and accrued ineome
Gift Ajd incom6 tsx rebats
Due from Joint Venture
1.101
3,811
6,309
5,780
Total
All trade debtm are due syithln one year.
11,376
10.649
Note 13 Anatysls of creditors
Amounts falling du•
wlthln ono yoar
Amounts f¥lling duo
aft•r more than ono
ygar
Thls Year
Last vear
This year
Last vear
Trade creditors
Ac¢ruals and deferr8d incomo
Subscriptions paid in advance
other creditors
4.211
9,346
5,382
5.140
3,129
711
697
Total
Pag8 16

ESTO
OUNT
nued
Note 14 Charlty funds
14.1 Detall¥of materf81 lund$held and movernents durfn
the CURRENT ro
rtln
earto 30 Se t¢mber2024
Ror
PurybtsB•aTrd R4•trkllon•
brought
Expondlitsry
Tr&nifDrx
torwarrj
MT￿
bu* 654
Re¥toralonand si￿¥ll8
RtrAkn)rAl￿n SIDre
Re$i¢*ation am &Or
Rè5tvaiionano Sloroll
H&51in
8erfè5t froll*ybus 168
H￿dderSh¢id TtDlle
bus 541
4.33B
750
B31
4.094
2.334
Troll
J(4Trt Veniur¢to rmiie
bllratlons
3.696
2.072
7n88
Pur¢nÈ9¢olSI
trF*lltles
144.¥0
1.544
142 8CIS
Ttstal R•Str￿tsd Funds
UNesth¢ieo
unres￿￿&
181.223
47.100
352,806
181.129
Urbreall$Èd Rw&lvallOA FIoBwve
Free R¢$gn*i
To¢al lknnd$ 48 pBr+>•i•ncè ¥h¢g1
186.eofj
47.IOD
358,713
fj92.421
31.913
3•,073
2S.950
*0 14.3
no EndoUn￿nI Funo Lytsnwye
14.2 Dat411• olJDatert&l lunds held movomenls dtsr4ngtho PREWOU5 r•portln
p•riod 2022-23
Fun4 n•m#*
b41an¢
brou9h¢
Itor
p￿1￿￿•nd Rll8trlcdon
¢4rri•
foNard
ExpbNJtturn
Yran8feis
wdwhpmp10nTr￿I¢ybu1 654
Rejtoraiiun stryaw
16,690
18.5e8
J.eT5
oKast TTOII bu$ 168
625
•70
Y50
541
R8si0rAI￿n and SIOT
ReSi￿allon alld Slora
T1￿1 Wk& Ubli￿lI0￿8. Joint v￿1￿14
sir
baoks
.250
TOL41 Rostrfcifjd Fund*
145.894
188 BD4
UnrEslrfctsd
Lknf4Blised RÈV￿1￿￿11On Rt5er¥•
FtE? R¢str￿e
rothl p•fb4S•nc• Jhoèt
352 574
se8,W
3.247
60
fj0.29•
81.129
14.3 Do51
nalfrd ftsn(Is curroDt rg
rti
ellr lo 301h S
Unre51ricied kBseD4es ttEsI
1ombg¥ Z024
lQ311ons from Donall0Tr5
F￿* Re5elVWS
Amount£
352.525
3$8 713
Paw 17

NOTES TO THE ACCOUNTS {Contlnued)
Note 15.. Jolnt Venture - Trolleybooks Joint Publl¢aUon Panel
Con&
on Bnd
orshl
The Tr￿￿YbOtyk8 Joint Publ1￿￿On fThp Pand'} lJaHnlvèAlure owned In eqtsai by th9 8ribèh Trol￿vb￿a Soclgty la reuiJtsr•deharlty)
and NfA11963J Liffjiled Th& Panel run￿lIOTrB asAioln13ub-¢ommliteeoftheie ￿ Orwd981th)s. Tho Pondkn Affalrs #tB govtrnÈi by
cans1tut￿n Ihe¢urr&nl veFsbn vf dated SèptsMbor2014.
and Actlvib
Th& Pand'8 CQn$lilulion 8mim8 Ihalits functyon Is to put4l¥h 4nd se114ny Mat￿al rel￿ting ts tr011gybJ69$ wh￿Tr moy ￿ of to th&
membèrnol the t*0 60th0Ue5, or io the publir at181gF. and th$rsby qemfato lrtom¢ to fvtherlhe obl¢¢tsvg5 of tsvo chaDtse6.
ond
The 2024 onnual ol TiollfybLhkn ÈTr to be ex&min¢d by audiior.
Thg examin4t￿n WIM inG1￿e • iwiew ol Ihe 8¢¢0unUng r¢¢ords k&Dtby tha Panvl and o ¢omp4fi¥on olthe aUOVnt$ prfy*nted against tho
r¢￿r￿s. It will also i￿lu￿￿￿Clutsnv olany itemi or disdo$ureJ in thoBe4¢cvwls. ¥eoks expk8twkons Irw the Poirl membBr
e•nwning Suth iiemg.
Tho Pl0￿ule￿ und&rtalen do not prOV￿e all ihe eviden¢8 IhalwouKI bB requlr¢d ai 4L41itand. conseouenlfy, he dtsÈs nDI expro¥5
opinion on vlew by IhB a¢CO￿t8.
Y•arEnd•d
31 Dg¢•mb•r2014 31 D•urnb•r2023
Ac
an
Sai•s olbook$ ond Publulions
co$1 of 8819S
10.570
2,e60
add 31￿k adNsknontto 0¢t*￿Ied nelval48
5.7
55
5.739
D￿rhead5
Intere*t
Nfrt Ptgftt
1,802
f,225
4,144
ee
st¢¢
b￿r3
Banke*￿￿1
3.983
3,995
2.4B2
7.415
47
I￿scred#Or%
ASSETS
15.091
349
RoproI0lltvdby
6al4n¢è a11BlJanu•ty
N¢¢profft for Mèyesr
7.)49
4.144
12,024
335
12.359
3.2
BrItiShTro￿¢Ybul Sa¢ielY
NTAIIM3ILlmlt•d
Èt31st Dgumb
InlbAI
N6tAu
B.292
7,34a
7.39$
PITA{198SIUmlt•dR•¥•m St41•rnont
50%of 8aL¥Ko al Isl Jonu¥y
DI¥wthJbOnsreC￿Ved
FU￿j% 8¢¥an¢wtqp*d
5har¥olPIDffttransTglto S(￿4
Undistrfbufgd R•sor¥
FLvd lTrv¢$thoni
Net Invaslrn•Tht
3M71
6,012
1.600
2.U72
2.500
3.871
25
25
Ilot• 16 Il•lat¥d ￿rty Tr4tMacllon•
Pow1

INOEPENDENT tXAMfNeR's REPORT ON ThE FINANCUL STATEMENTS
To th• M•mb•rs of NTA (1963) Ltd
I report ott the acttsunts of the Cornpany for the ye•r ended 30 5eptsmber 2024.
R￿P￿ttl¥* r•￿n￿lI¢19s of tMr•¢tors Exjmlner
The charftys dlrnctor5 are responslble for the preparauon orthe a¢(y)vnts.
The that1ty's dhctors ¢onslder that an audlt Is not requtreo fo¥ thls year under settion 144
of the Chak1¥es Act 2011 (the CharltyES Act) ond that an Inde￿ndeftt exèftynatksn needÈd.
It Is my re5ponlblllty to..
examlne the attounts under sedon 145 of the Charitles Att.
to follow the procedures laid down In the gweral dlrethon5 glven by the char￿ c0mmts￿on
under se£don L4515llbl of the Chadtles Att,. and
to state Y4hether aTry partkular matters hav¢ CO￿ to my attmdon.
Bas15 01 In+Yoppnd6nt •xamln•r'¥ st&tem*nt
My examlnation was carrfel out In accordante wth the general dlrect4on5 glven by the COMMI￿on.
An ex4mlnatyon lThdudes a ￿VIeW of the act￿n￿n9 ￿ordS kept by the charlty and a comparfson of the
ccounts p￿ented wlth those records. It al>) Indude5 con$lderattM ￿anY unusual Items or d￿1)SUrE5
In the a￿Ounts, and seeklng explanatlons from the dlfft¢torts concemlng any such matters.
The procedures undÈrtaken do nDt provlde èm the evtdence that v4ould be requlr¢d In an aud1¢ and
¢on5equenOy no oplnkn 15 glven as to whether the ar(x)unts present a'true and fair vlew, the report
1$ Iltnlted to those m4tters out In the statement below.
In**•nd•nt ex•mfnor'5 Stat•mont
In conntttion wlth tny examlnatittn, no material mjiters have ctsme to my attentlon- whlch glves m¢ cause to
belleve that In any mèterlal respett..
lccountiw re(x)rds woro nal kept In aC￿rdanCe wlth $ectKin 130 of Ihe Charithrys Ad or
tho accounts not $ccord wlth the accounling reco￿8 or
th8 a¢eounls dld not comply wtth th8 appllcabl8 toquSremen¢s ¢onc•mlng the lorm •¢)d eonlent of •¢¢ounts
$el out In th• Charil*¥ (Accounts ar￿ RgPOrt81 Reoulalons 20D8 other than any raquirement that th?
ae£wnts gfv* a'lrue and vkw*thl¢h ￿ not a m8tt8rconsidered as parti)f an Inde￿nd￿nt
I have corne a£ross no other matt*S In CL¥lTr8ttJon Y4th the examinatll￿ to whlth attentlon should be
Jrawn In order to enable to a proper vnderstandln9 of the •ccounts to be reached.
Ic Simons
Addr•M 8 Be￿￿1 Pl•¢
W•￿yN Garden Cty
HBrtfwdshlr8
AL7 4TU
21 ttrt2tr2,
Psoe 19

Company Regi$lralion Numbor
Charity Rggistralion Numbèr
937035
288846
NTA (1963) LIMITED
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 SEPTEMBER 2024
Unrestricted fund¥
R•$trlcted fund8
Total fund8
3010912023
Incomè INote 31
Income and èndowmbnts fvom
Giants fecewtd
Oon4tion5 and legackng
Chartat49 a￿[Wit￿l
4.fJ08
26.407
780
718
5,088
9.096
26.407
780
9.583
31,684
780
645
OlhErèaliVthS
Invqsimen
Total
Exp•nditur• (Not• 41
Expenditurn on
Cbortt&ble 4ctivtss
5.088
23,064
830
1,823
433
.95
1.831
24.895
830
1,623
433
7,781
48.953
65
544
738
FUnd￿WIng
GovÈmAnc•
Olhor
Total
Net incomellexpenditurèl b•for• Investment
galnslllossesl
Unreaslised Valuatlon of
H&rltsgg A$3ets (Note 101
Net galn {Lossl in
Trolleybooks (Note 151
5.963
3,257
9,220
7,608
2,072
2,072
N•t in¢om•llèxp•ndlturel
Transfèrs befv4•èn funds
Nèt movemént In funds
5,963
56
5,907
5.329
11,292
7,440
5.385
11.292
7,440
Reconclllatlon of fvnds (Note t4)
Total lunds brought fonvard
Total lunds carried fon¥arrl
399.906
181.223
86,608
581.129
592,421
588,569
581.129
Page 8

Company Re.gislrabon Number
Charity ftegislrabDn Number
937035
286￿8
NTA (1963) LIMITED
BALANCE SHEET AT 30 SEPTEMBER 2024
Unrestri¢tèd Rgstrict•d
funds
funLI$
Total thls yoar 3D-Sep-23
Noi•
Flxed assets
Tanqlble assets
Intanglble assets
Herltage assets
42.806
142,806
144.350
47.100
47,100
47,100
191,450
fotsi fixedassets
Current assets
Invtsbment
Stocks
DebtOTS
Cash at bank
7.368
7,368
7,151
11,376
388.829
414,n4
3.696
7,049
10,649
38fj.597
407,991
7.151
8,244
355.527
370,922
3,132
33,302
3,602
Totol ¢urrontas5Ets
Credltors: amounts lalling due within
one year
11,498
11,498
1T.615
Nel current •ss&ts
290.376
rot213ssets less CUFrenl liabilitie&
.581,B26
Creditors: amounts falling duc after
one year
711
711
697
Total nel assets
405,813
18e,'6DS
592,421
581,129.
Funds of the Charity
Restrlctsd Incomtr lunds
Unrestricted funds
186,608
186.608
405,813
181,223
399,906
581,129
405,813
Tot81 funds
rhe company was enutltrd lo exemption from audlt under5477 of the C*%npanies Act 2006 relatlng
to small comparjles.
7he memjers ITaVQ not required Ihe company to obtaln an 8u¢lltin accoffjèftce wlth Section 476 of
the Cornpanies Act 2006.
The dlre¢tots acknowledge thdrresponsibllities for Gomplying wlth the requiroments ofihe
Companles Act with respectfo accounting records and the p￿pa￿tIOn of aCCDunts.
These occounts have been prep•red In a¢¢ordan¢e wlth theprovlslons appllcable to smaN
cornpanles subject to Ihe small companie5 reyime and In accordHnce wlth FRS102 SORP.
Dale of
sppioval
ddlmml
SvJnBd by one directm ￿ behalf ofall th8 dire¢Ws
Slgn and PrlDI Name
t*loL125
M . L&knJLE44cE
Print nAme
SignalurE of diredor auihcniicabng acLoun15 beiro sènito
ConyaDEs House
Sign and Print N8me
Date
ddlffl
prtiit namo
P3yB 9

NOTES TO THE ACCOUNTS
Note 1 Basls of preparatlon
1.1 Basis of accounting
These accounts have been prepared under the hislorlcal cost convention wrfh Items ie¢ognlsed al cost or IransaGtion
value unless Otherwi￿ staled in the relevant notes lo these a￿oUnts.
The accounts have been prepared in accordan￿ with....
al the Statement of Recommended Practlce Accounting and Reporting by Charities preparlng Iheir accounts
in 8¢cordaneè with the Financlal Reportino Standard applicable in the UK and Republic of Ireland IFRS 1021
applicable in the UK and Republic of Ireland {FRS 102) i88ued on 16 July 2014 t¢)gelher w￿h Update 8ulletin 1
bl the Financial Reportino Standard opplicable in the Unlted Kinodom and Republic of Ireland IFRS 102
ssued March 20181.
cl the Companies Act 2005.
d} the Charities Act 2011.
Tho charity constitutes a public benefit entlty as defined by FRS 102.
1.2 Golng Concgrn
The Directors consider the Charity to be a golng concem.
In reachlng this decision, the folbwing factors were relevant-.
al The Charity is solvent
bl There are no wtentlal bad deb15 that would impact liquldlty
cl There are no significant creditors or contingent Ilabllilies that would affect liquldily
dl There are no oulslanding overdrafts or loans
1.3 Change of accountlng pollcy
In accordance with the Charity SORP, the aceounty now incorporate a 50Qkn investment in a joint venture
with another UK Charity. Further infom)ation- see Note 15.
1.4 Changes to accountlng estlmales
A fair value for the Herllage Assets was introduced in 2019- see Note 10.
1.5 Material prior year errors
No material prior year errors have been identified in the reporting year.
Page 10

NOTES TO THE ACCOUNTS (Continued)
Note 2 Accountlng policies
2.1 INCOME
Recognition of income
These are included In the Statement of Flnancial Activities ISoFA} ¥then the Charity
becomes enlilled lo the resources.
Offsetting
Thera has b•8n no offsetting of assets and liabilities. or I￿ome and expenses.
Grants and donatlons
Grants 8nd d4)nalions are onty included in the Sofa when the general income
recognition criteria ale mel.
Ltsgacies are induded in the SOFA when receipt 58 probable, that is, then therè has
been gr8nt of probate, the executors have estsblished that there are sufficient as8el3 in
the estate and any conditlons 81tached to the legacy are either within the Control of the
¢harfty or have been met.
Loga¢l
Governmènt grants
No govemment grant r&c&iv&d In 2023-24.
Gift Aid receNable Ss Includ&d In income vthen there is a valid de¢laralSon from the
donor. Any Gift Aid amount r8covered on a donation18 considered lo be part of Ihal gift
and is treated as an addition lo the Same fund as the inltial donation unless the donor
or th& lem$ of the appeal have specified otherwl$e. Whero a Gift A¥J donation is
subsequently found not lo be valid. the donation is added back.
Tax reclalms on
donatlons and gifts
Contraetual Income and Thls Is only Included in the SOFA once the ch8rity ha8 pro￿￿ed the related goods or
performance related
sewices or met th& performance ielaled conditions.
grnnts
Donat?d goods
Donale(I good8 are measured al fair value Ith8 amount for which the asset could be
exchanged) unless impractlcal lo do so.
Donated servlces and
facllit5es
Donated services and fa¢llitlg5 al? included in the SOFA when received at the value of
the gift tts th9 ch8rity provided the value of the gift can be mga¥ured reliably.
Donated services and facilities that are consumed immediat&ly are r&cognised as
In¢ome wth an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
The value of any voluntary hèlp received is not induded in the accounts bul is
describèd in th8 Trustees, annual report.
Volunteer h•lp
Incom• from deposlt8 and This is Sncluded in the accounts when receipt is probablè and th8 amount receivable
In￿SIm*nI$
can be measured reliably.
Mernbershlp subs¢rfplS¢)n$ whlch give 8 member the rfght to buy se￿+c@S or other
Incom• from mernbeTBhlp bonefils are recognised as income earn¢d from th¢ provislon ol good8 and services as
sub$¢ription¥
income from charftsble a¢tivili&s. SubscriplK)ns received covgring the period after the
yèar end are Irealed as payments in advanco and $hovm in the accounls as credilors.
Pagg11

NOTES TO THE ACCOUNTS {Continued)
2.2 EXPENDITURE AND LIABILITIES
Ll*bllity
rocognltlon
L￿bIlItieS Bre rgco9nised il is more Ilkalylhan nDI there Is # legal OrGonslrL￿jyÈ thligaN
comrnittng thg charily to pay ￿￿t reswrce8 8rKJ the Bmounl of th81 atsig8lK)n Gan be measured wilh reason3bl8 certainty
Those costs rel3lrvJ to fts ￿031 responsi￿lItIeS and Ihe Car￿r0 out ofihBirdube5 by tae other offic8￿.
Gavgrnanco
Creditorn
The thanty hag tt8ditor8 which affj MtrasU￿* al setU•rn8rrt atnDun151o5¥ anytr•Ye d￿CoUnts.
Charity Is not tsgisiered tor VAT.
The Charity cL4ims the small lrtdiw tax a¥ernpl￿n in (¥d¢rlo be exémpl fram paying CLwraiion Tax ￿ 11$ nctrcharitaNe ac*¥iti8S.
Tax
2.3 ASSETS
Tanglbl• fixed These are c8Pit81ised if they G&n bfr used for mrKe ih&n on8 year, aryj w9¢81 leasl £1,00Q.
for Thèy are 81 ¢08t
by chailty
Thè amortisalion ￿leS and rneththls used are disdosed in note 6.
Intanglbl•
¥ed 8886ts
The charity has intanolblo fixad 858ets. Ihai16, ntrbrronetaryas861$ Ihatdo not have phyylral s￿staD￿ butrare KIentffia￿e
controll*J by th8 ch8ritythrou9h cu$tth or10gal rights. The amortSsallon rates and methods used are disck￿d In not8 9.
Tte ¢nariiy ha¥ henlage 8SSeis, Ihal is, non-monetaty asseis wilh hist￿¢, arbsliG. 5cieniifi¢, ￿hn￿O)￿al.
geophy8ical ryenwironm8nial qualit￿5 that ar8 and rnpinlained pnncipally for theIr￿ntTrtsu￿on lo kno¥*ledge
cullure.
The fthr valua In tha aGcounts i# deS￿bed in note 10.
Assets
Stock
Slock5 for salè as pgrt of mTr¢h8ritablfi Irade are rneatsurwj al the kw•r of coster nel reallsablfr val￿.
Gwds prDvided a5 part of a charita￿e actyvlty 818 measured at nel realls8ble valua ts85ed on ihe seMc• wtenliBI provided by items of.
Stoth$ ol now books acquired for sale are ordered in qUan￿lIes￿dOed likely lo b• gc4d Ints market swed by NTA son￿ bwks sell betierth
others bul Iher&ar& very few exampl•$ of books that h3V9 sold very S￿V.
The 8kncks of Trolleybu8 M4azine are accumulated b¥au80 olthe need to print enough lordiÈtribul￿￿ lo members while 311(phiry 8CthÉ
surplu8 for $aleand publicity p￿pUs95 and for any damag￿ in tho post.
Dobiofs
D8biofs lincluding Irade debtors and loans receiwablel are measur&J on Inib"al recagnibon al s8lllern￿l gmouni after8ny
discounts oramouni ad￿n¢￿0 by Ihe c*8ri1y Subseq￿tly. Ihey are measur8d ktlh8 ¢ash or olher con$hleraiion expeded to bts
rectyved.
Note 3
Income
Roslrfct•d
Incom•
luTrd•
Anatysls of In¢omo
UAr•g1rt¢ts
14nd*
T¥tsi fvn¢Jo Pilory••r
Grants
Donatlon¥
Donations 8nd glfts
Inc)me Tax reclaimed on Gltt Aid.
2,352
1,656
4.￿6
4,098
992
5,088
6,448
2,648
9.096
7.870
1.713
9.583
Tgtal
'￿￿d$S fflombgrship l••g
Charil4blo
activiUes'.
Member5, Subscriptions
Sales of Mer¢handi5e
Meeting CollÈ¢tlon¥
11,906
13.922
579
17,908
13.922
579
28.407
13.536
17.760
388
31.894
Totsl
Oth¢r tradlng
•ctivilies'.
Use of photograph ¢olle¢tion5
Fee for private Irol
Sandioft.. 5410
eralin
US Use ol Elbu
avmeni
780
780
780
Total
7eo
780
78U
Income from
Inve8tm?nt5:
Inlere$l in¢ome~
718
718
718
TIB
Totsl
' Includè5 GAlnt8r881
TOTAL
INCOME
31,913
5,088
37,001
42,692
Pag8 12

NOTES TO THE ACCOUNTS Icontinugdl
Note4 EXPENDITURE
of exp•ndlturg
Unro¥tr*tbd
fithdi
Aqgtilci•d
In¢•m•fund
T¢lidfund
Lut
Expvndltvre on
charftabltr
SID
ofTrou￿useS 8n¢ Eq&iLrnI .
5CQ
900
1.520
Movernent and Re¥tOr8b￿ of Trolle
BuikJin
bu$e#
931
13.972
runnin
4.431
4.431
4.C61
Coyl of mer¢handi&e SDkl (noi& 11
Ma
6.692
5.092
7.400
16 768
7.400
7,644
4,038
57
893
Ma
Postage and Slalione
M8gain8 Other CDSIS
M$O1ing Room Hire
To*41 oxpendlturo M ¢harltablp •¢tlvltk•
47B3
758
23.064
1831
24.895
FuthdraiBing
Advqrtlsing & Websilg
To¢41 oxp•nditur• o
FundralBSnts CoBts
830
830
830
830
65
Gov•Manc•
Offi¢er¥' Travel and Moobngs Inotg 71
Accountancy snd AL¥JIl
Annual Swer#l Meeliry
1.318
250
1,318
250
55
55
Total ex
•ndiiure on Govfrrn4nt•
1,022
1.823
544
ot￿r
Bank and P Pal eh4r
Total otb•r expendlliwe
433
433
738
TOTAL EXPENDITURE
25.950
27 781
60,30D
hpr Informatlon..
Analy41• of In¢omo and eX￿nditur0 on acllvlb•s
A¢tlvStygr
DroaTrmm•
kn¢orn•
Extr•ndttur•
N•t
2022Q3
St¢)IB
Flagazlne
15.492
1,797
505
3.518
12,183
758
2.887
1,6
5.784
25.P53
57
Unrt Ic runnln
eOllleXC d
Trol￿Ybo0k1 Profll Disknbubon
SaloolTrolbybus book5 and me(ehAn4i
*Èè ￿loW
2.8e7
ACt￿tr s
13.922
26.564
992
ELLOUGH STORAGE UNIT RUNNING COSTS..
2023 to 30th
Sèptomb•r
2024
2022 10 )Oth
S•pt*mber
2023
Rent4n¢ Rotes
Sgt¥i¢• ono Chqrgg
Ekcln¢it¥ Supply
Landbr¢f$ InAurnThC
AmoNs4￿￿
618
46
1.544
4.061
4431
NDWJtorknl hal been r￿1¥￿￿ Bince th• a¢qL￿red. Ba$¢don a prev￿￿￿¢¢¢￿JP￿fs hll
covld bs approxim•tely£170 p•ranfiurn.
Rateiareeov•r•d by&mal BusinBg¥ Ratos Rélel
Notg S Foos for gxaminatlon of thè accounts:
Thli y￿r
8Bt year
Ind8wnd8ni exarniret$ fee3
Assuraiice S£Nicts olherlhan Ind8Dendenl ex4miDalion
T8X adviw fees
Oihprfegs (for examp￿". financlal 8dwTr. ty)nsuManw. aLro￿tarcY￿9r￿rycets1 pald lo tho
Ind8p8rtdenl e￿MIn0r.TroNeYb0QkSA￿dI1•ff¥ leo INTA pays half of fag rf ch¥rg8dl
250
250
Pap 13

NOTES TO THE ACCOUNTS (Continued)
Noto 6 Remuneration and Expenses
Number of employees during this year or the ksl year
Remungration paid lo DirectOf8
Benellt8 provided lo Dirg¢lot8
Th13 year
Last yèar
Note 7 Directors. and other Officers Expenses
Typ• of expen80$ re
ursed
Th18 vear
ast
ear
Travfrl
Subsistence
Posta
è and Statlon
Stora
eofs
ares
Other
897
544
46
680
TOTAL
Th• number of Directors and oth&r Offlcers
who wero pold •xpen8e8
Not9 8 Tangible flxed assets
8.1 Co$t
Tangible Flxed
assets
Total Fixe
asset$
At the beginning of the
vear
Addrtions
At end ofthe vgar
152.842
1S2,842
152842
152842
8.2 Amortisation
Straight Line
over 99 years
commencing 1st
Ba4is
At the beginnSng of the
V8ar
lrnpaimenl
Chara& lor the vear
Al end of th8 yea
8,492
8,492
8.3 Not book valu•
Net book value al the
beainnlno of the vear
Nel book value at thg
end ol the vear
144,350
144,350
142,806
142.806
8.4 Impalment
There was no provision for impairment 8130 Sept&mber 2024
There will be a professional review every 3-5 years to
determin¢ this provision.
Not8 9 Intangible assets
The Charity has the following InlaThJibb a58ets..,
Website
Goodwill for Trolleybu$ Maoaane
Gotrjwill for 50% interest in Trolleybook$
Membership List
Customer List forsale of Merchandise
No value has been placed on thase assets. The tt¥01181$ are subje¢l t? the Data Protection Acl.
Page 14

NOTES TO THE ACCOUNTS (Continued)
Note 10 Heritage assets
The si9nifiEJnce of th6 Heritage A$sg18 is set out in the Dlrectors. Report.
The followin are considered to ba Hgrila
e Assets
Purcha8e
ma￿•t
Value
301091202d
Insurèd
Value
3010912024
Replacem8nt
C06t111
Accounts
Value
3010912024
erfta e ASSÈ
Dato of
Pu
qul$ltlon
Restor•tl¢)n
Co$ts
Troll bus
B¢urnemouth 202
Hudder5fiekl 541
Wolverhampton 654131
Bottasl 168 121
Hastings 45 131
Maypine TB & eguipmenl
July 1965
£101
donated
don8t8d
donated
donated
donation
£14,300
£53,655
£6,000
£5.000
£1,000
£6.000
£2,000
£3,000
£io.000
£15.000
not applkab
not applkable
not 0opIic8ble
not applicab
£250.0
£200,000
£200.000
£200.000
£150.000
£50,OCbJ
£10,000
£15.WO
£1.llOO
£6,000
£2,000
£3,000
£93,331
2022
E1.000
Photofjraphlc Collèction
R. F. Mack collectlon
Har0￿ Bre8Ne¥ eollection
Lepine- Smith coll8Ctbn
£700
£so
donatlon
£5.IXO
£5.000
2022
£100
£1CQ
Tlm¢tsblo Coll8ctlon
Tlm8labl8s published by B Tld$h
Transport ODeraiors
Spar¢ Parts and E ul
TOTAL HERITAGE VALUE
Note 2.. being ie51ored, neartng Cornplet￿n.
Noto 3.. 8w8itinA re$toration
L8te 19805
£so.coo
£78 000
£s,000
£47,10LI
£1$2 3881
Valuatlon. Trolley Vehl¢l•$
The Charfy'5 neet of fiv& Trolléy Vahicles lorrn the gre818st part of its H8rKage Assels. Each of these vehlcle8. In tts own way, is
n￿u¢ and irre**eable by other authentic V8hlcle5. m2king valuauon a hlghly sublodlve m8tter.
The Board con$lYers th81 three principal opVons e￿$t for Ihe valuallon of th888 a$$els, nam8ty...,..
The Market Value likely lo be ach*ved if Ihe vehKlo wero to b? tra￿(￿rred to anothgr Ilko char￿table body I"M8rket Value,).
It shoukl b8 nol&J that the opportunlty for such tr8nsf8r$ wllhln the ch8rrtabk 5eGtor i5 gr8aUy restrfetod.
Thg insured valuo ofthe vehicle wher8 It18 mjintsined in worting order lor use 8t an operating mus¢um I'ln5ured Valug'?-
' The estim818d tetal retsuild cosl of the vehEle following major damage or almost total destruct￿n. It Should bo remamb8ed
that the h8rllag• value ef a vehlcl8 almost totally re¢onstnJcted, and thus 8ffectw•ty a repllca. Is much less than that ol an
authentic original fRebuild Cosr).
For the purposes of Ihls summary, th8 Boart ¢on51ders tt prudent te adopt the great￿ amounts under Market V8luo and In%ur8d Valu•,
gwifig a tolal of £47,100. However, Ihi$ cgnnot be eon5tNad as FairV4lue under th¢ SORP ru￿.
Valuatlc*n.Spare Part8 and Equipment
The Charity has amassed a quantity of authonbc sparg parts a￿1 equipment appropriato for us8 in Ihe ￿$toratIOn and continu•d
operation of its fteel, Some of th88• components are almost 100 years okl. many pri)duGed by manufa¢turers thai have lo￿ sinc
dlsappeared, and dupli¢ates are rbow mgst unlSkely to be found. EventU81 us8 of these ¢omponenls in r8Storation progiarnrnas w(11
subsl8nlialty r￿U¢8 the tglal ￿5¢S ef those programmes.
It is estimatsd that the total value of all such 8P8r8 parts and equlpm?nt Is of Ihe order of £50.000. A key issue is fore￿$11￿9
whlch of thgs¢ wlll be us8d to resto￿ or repair NTA vehi¢k$ and which might be $old for use by other preservation proje¢l$.
Therefore. this cannot be con8lrued as Fair Value underthe SORP rule. A8 there 1$ no inventgry 10 8UPPOrt the figure of £50,Otx),
th1$ Ho￿t￿ge As80¢ has beon valued t8mporaHty al £5,OLKI.
Hl8¢orlc41 documents, plan8, artefacts èt¢ and Archlv• ¢ollectlon8
The CharSly mainiains an archive of such materlal relevant tc trolWbus opemiion beth In Brlt81n and abroad. Some photagraphs
and th8 timetable colle¢iion purchased and thelr mark•t value is known. Som6 such itom$ provide valuabl8 80urc8$ of
information for future re$earch and th¢ artefacls wouhl a¢h*ve signifi¢anl pri¢e$ rf offered foi sale on the open mathal.
It 15 •Xtr8mety diffi￿￿ to Pla￿ a valug on such ltsms bul the Board ¢on$hl•rs that 8 fi9ure of £5,000 in total M)ukl b• • i•a$onab
¢on$eN#ii¥e estimgte as the falr value under the SORP rub.
Page 15

NOTES TO THE ACCOUNTS Icontlnued)
Note 10 Heritage assets (Gontlnued)
Herltsge A88et Loans
Trolley Vehlclg$
1. Boum•moLrth Trolleybus 202
Bv an aJre8m8nt dated 10th May 2008, Boumemoulh trolleybus No 202 is on ban lo the East AnAIiB
Transport Museum Soc*tv Ltd for a pariod commencino 1st Januarv 2008. renewabl8 in 2025,
The Said Societv 18 8nty.tled to all income arisina frcffj exhibition and oDerali¢n ol this vehicb a¢ Iheir Transoort
Museum premises at Cadton Colvi118.Th8 vehide is accommodated and 58rvlced rent free.
2. Huddersfield Trolleybul 641
B¥ an aoraem8nt dated 27th April 2008. Huddersfield 641 1$ on loan to Sandloll Tran5POrt Centre Ltd lor rent aorged for pFiiods determined I
£2.700 Daid in November 2022 ler 3 y88rs in advance from January 2023 lo Decemb¢r2025. This rent Dald in full for the 3 veor
tern. A fee L5 payable to Iho NTA when 541 is op8r819d.
Note 11 Stocks
Othor trading aclivitl•8'.
Th18 yèar
Last year
Opanlng StoG* at8tart Df year
Addod In yoar
7.049
7,694
5,794
16.122
12,843
23,81S
¢o•tof 94198
5,692
16.767
Closlng ¥tock at ond of year
7,151
7,049
Closlng Stock con8i&ts of
Book5
Videtss
TotalB
7.133
7.031
18
7,049
7.151
Publication5. vldeos and models for re-8810 8ro valued al c08t exceptlorsorne Troll8ybooks stock aTrJ
Llfido models ¥alue¢J èi nil.
The stock and baGk numbers of"Trolleybus Magazlne. are nol hcluded In the a¢¢ouni$ due lo the
uncerfain nature of Ihelr realIsab￿ value.
Note 12 Analysls of debto
Th1$ voar
Last vèar
Trade debtors
p￿paym8nts and accrued ineome
Gift Ajd incom6 tsx rebats
Due from Joint Venture
1.101
3,811
6,309
5,780
Total
All trade debtm are due syithln one year.
11,376
10.649
Note 13 Anatysls of creditors
Amounts falling du•
wlthln ono yoar
Amounts f¥lling duo
aft•r more than ono
ygar
Thls Year
Last vear
This year
Last vear
Trade creditors
Ac¢ruals and deferr8d incomo
Subscriptions paid in advance
other creditors
4.211
9,346
5,382
5.140
3,129
711
697
Total
Pag8 16

ESTO
OUNT
nued
Note 14 Charlty funds
14.1 Detall¥of materf81 lund$held and movernents durfn
the CURRENT ro
rtln
earto 30 Se t¢mber2024
Ror
PurybtsB•aTrd R4•trkllon•
brought
Expondlitsry
Tr&nifDrx
torwarrj
MT￿
bu* 654
Re¥toralonand si￿¥ll8
RtrAkn)rAl￿n SIDre
Re$i¢*ation am &Or
Rè5tvaiionano Sloroll
H&51in
8erfè5t froll*ybus 168
H￿dderSh¢id TtDlle
bus 541
4.33B
750
B31
4.094
2.334
Troll
J(4Trt Veniur¢to rmiie
bllratlons
3.696
2.072
7n88
Pur¢nÈ9¢olSI
trF*lltles
144.¥0
1.544
142 8CIS
Ttstal R•Str￿tsd Funds
UNesth¢ieo
unres￿￿&
181.223
47.100
352,806
181.129
Urbreall$Èd Rw&lvallOA FIoBwve
Free R¢$gn*i
To¢al lknnd$ 48 pBr+>•i•ncè ¥h¢g1
186.eofj
47.IOD
358,713
fj92.421
31.913
3•,073
2S.950
*0 14.3
no EndoUn￿nI Funo Lytsnwye
14.2 Dat411• olJDatert&l lunds held movomenls dtsr4ngtho PREWOU5 r•portln
p•riod 2022-23
Fun4 n•m#*
b41an¢
brou9h¢
Itor
p￿1￿￿•nd Rll8trlcdon
¢4rri•
foNard
ExpbNJtturn
Yran8feis
wdwhpmp10nTr￿I¢ybu1 654
Rejtoraiiun stryaw
16,690
18.5e8
J.eT5
oKast TTOII bu$ 168
625
•70
Y50
541
R8si0rAI￿n and SIOT
ReSi￿allon alld Slora
T1￿1 Wk& Ubli￿lI0￿8. Joint v￿1￿14
sir
baoks
.250
TOL41 Rostrfcifjd Fund*
145.894
188 BD4
UnrEslrfctsd
Lknf4Blised RÈV￿1￿￿11On Rt5er¥•
FtE? R¢str￿e
rothl p•fb4S•nc• Jhoèt
352 574
se8,W
3.247
60
fj0.29•
81.129
14.3 Do51
nalfrd ftsn(Is curroDt rg
rti
ellr lo 301h S
Unre51ricied kBseD4es ttEsI
1ombg¥ Z024
lQ311ons from Donall0Tr5
F￿* Re5elVWS
Amount£
352.525
3$8 713
Paw 17

NOTES TO THE ACCOUNTS {Contlnued)
Note 15.. Jolnt Venture - Trolleybooks Joint Publl¢aUon Panel
Con&
on Bnd
orshl
The Tr￿￿YbOtyk8 Joint Publ1￿￿On fThp Pand'} lJaHnlvèAlure owned In eqtsai by th9 8ribèh Trol￿vb￿a Soclgty la reuiJtsr•deharlty)
and NfA11963J Liffjiled Th& Panel run￿lIOTrB asAioln13ub-¢ommliteeoftheie ￿ Orwd981th)s. Tho Pondkn Affalrs #tB govtrnÈi by
cans1tut￿n Ihe¢urr&nl veFsbn vf dated SèptsMbor2014.
and Actlvib
Th& Pand'8 CQn$lilulion 8mim8 Ihalits functyon Is to put4l¥h 4nd se114ny Mat￿al rel￿ting ts tr011gybJ69$ wh￿Tr moy ￿ of to th&
membèrnol the t*0 60th0Ue5, or io the publir at181gF. and th$rsby qemfato lrtom¢ to fvtherlhe obl¢¢tsvg5 of tsvo chaDtse6.
ond
The 2024 onnual ol TiollfybLhkn ÈTr to be ex&min¢d by audiior.
Thg examin4t￿n WIM inG1￿e • iwiew ol Ihe 8¢¢0unUng r¢¢ords k&Dtby tha Panvl and o ¢omp4fi¥on olthe aUOVnt$ prfy*nted against tho
r¢￿r￿s. It will also i￿lu￿￿￿Clutsnv olany itemi or disdo$ureJ in thoBe4¢cvwls. ¥eoks expk8twkons Irw the Poirl membBr
e•nwning Suth iiemg.
Tho Pl0￿ule￿ und&rtalen do not prOV￿e all ihe eviden¢8 IhalwouKI bB requlr¢d ai 4L41itand. conseouenlfy, he dtsÈs nDI expro¥5
opinion on vlew by IhB a¢CO￿t8.
Y•arEnd•d
31 Dg¢•mb•r2014 31 D•urnb•r2023
Ac
an
Sai•s olbook$ ond Publulions
co$1 of 8819S
10.570
2,e60
add 31￿k adNsknontto 0¢t*￿Ied nelval48
5.7
55
5.739
D￿rhead5
Intere*t
Nfrt Ptgftt
1,802
f,225
4,144
ee
st¢¢
b￿r3
Banke*￿￿1
3.983
3,995
2.4B2
7.415
47
I￿scred#Or%
ASSETS
15.091
349
RoproI0lltvdby
6al4n¢è a11BlJanu•ty
N¢¢profft for Mèyesr
7.)49
4.144
12,024
335
12.359
3.2
BrItiShTro￿¢Ybul Sa¢ielY
NTAIIM3ILlmlt•d
Èt31st Dgumb
InlbAI
N6tAu
B.292
7,34a
7.39$
PITA{198SIUmlt•dR•¥•m St41•rnont
50%of 8aL¥Ko al Isl Jonu¥y
DI¥wthJbOnsreC￿Ved
FU￿j% 8¢¥an¢wtqp*d
5har¥olPIDffttransTglto S(￿4
Undistrfbufgd R•sor¥
FLvd lTrv¢$thoni
Net Invaslrn•Tht
3M71
6,012
1.600
2.U72
2.500
3.871
25
25
Ilot• 16 Il•lat¥d ￿rty Tr4tMacllon•
Pow1

INOEPENDENT tXAMfNeR's REPORT ON ThE FINANCUL STATEMENTS
To th• M•mb•rs of NTA (1963) Ltd
I report ott the acttsunts of the Cornpany for the ye•r ended 30 5eptsmber 2024.
R￿P￿ttl¥* r•￿n￿lI¢19s of tMr•¢tors Exjmlner
The charftys dlrnctor5 are responslble for the preparauon orthe a¢(y)vnts.
The that1ty's dhctors ¢onslder that an audlt Is not requtreo fo¥ thls year under settion 144
of the Chak1¥es Act 2011 (the CharltyES Act) ond that an Inde￿ndeftt exèftynatksn needÈd.
It Is my re5ponlblllty to..
examlne the attounts under sedon 145 of the Charitles Att.
to follow the procedures laid down In the gweral dlrethon5 glven by the char￿ c0mmts￿on
under se£don L4515llbl of the Chadtles Att,. and
to state Y4hether aTry partkular matters hav¢ CO￿ to my attmdon.
Bas15 01 In+Yoppnd6nt •xamln•r'¥ st&tem*nt
My examlnation was carrfel out In accordante wth the general dlrect4on5 glven by the COMMI￿on.
An ex4mlnatyon lThdudes a ￿VIeW of the act￿n￿n9 ￿ordS kept by the charlty and a comparfson of the
ccounts p￿ented wlth those records. It al>) Indude5 con$lderattM ￿anY unusual Items or d￿1)SUrE5
In the a￿Ounts, and seeklng explanatlons from the dlfft¢torts concemlng any such matters.
The procedures undÈrtaken do nDt provlde èm the evtdence that v4ould be requlr¢d In an aud1¢ and
¢on5equenOy no oplnkn 15 glven as to whether the ar(x)unts present a'true and fair vlew, the report
1$ Iltnlted to those m4tters out In the statement below.
In**•nd•nt ex•mfnor'5 Stat•mont
In conntttion wlth tny examlnatittn, no material mjiters have ctsme to my attentlon- whlch glves m¢ cause to
belleve that In any mèterlal respett..
lccountiw re(x)rds woro nal kept In aC￿rdanCe wlth $ectKin 130 of Ihe Charithrys Ad or
tho accounts not $ccord wlth the accounling reco￿8 or
th8 a¢eounls dld not comply wtth th8 appllcabl8 toquSremen¢s ¢onc•mlng the lorm •¢)d eonlent of •¢¢ounts
$el out In th• Charil*¥ (Accounts ar￿ RgPOrt81 Reoulalons 20D8 other than any raquirement that th?
ae£wnts gfv* a'lrue and vkw*thl¢h ￿ not a m8tt8rconsidered as parti)f an Inde￿nd￿nt
I have corne a£ross no other matt*S In CL¥lTr8ttJon Y4th the examinatll￿ to whlth attentlon should be
Jrawn In order to enable to a proper vnderstandln9 of the •ccounts to be reached.
Ic Simons
Addr•M 8 Be￿￿1 Pl•¢
W•￿yN Garden Cty
HBrtfwdshlr8
AL7 4TU
21 ttrt2tr2,
Psoe 19