2023-03-31-accounts

The trustees	The trustees	are pleased to present their report and	are pleased to present their report and	finanmal statements of the chanty for the year ended	finanmal statements of the chanty for the year ended	finanmal statements of the chanty for the year ended	finanmal statements of the chanty for the year ended	31 starch 2023.	31 starch 2023.	31 starch 2023.
Objectives		and	activities
The Trust's		objects and pnnmpal activities are to promote the preservation ofsteam traction				and portable		engines		and to
provide	training		opportunities The main obicctives	dunng the year continued to be:
			to educate owners and operators in		the maintenance and operation of steam traction		engmes		and	other
			steam road vehicles.
			to promote and protect the interests		of owners and users of such vehicles
			to encourage the safe presentation	and operation of steam traction engms		rallies.
			to co-operate with other organisations		in the promotion of such events in accordance		with a Code			of Practice
			drawn up by the Trust
			to train owners and operators m the		safe management of traction engines
			to operate a Steam Apprentice Club		to promote the movement for those under 21 years ofage

Directors and	Trustees	-General	Council
A Sample				President
David Smith				Vice President
D Blenkinsop				Vice President
R Clifford-Wing				Chair
R Siddali				Vice Chair
T Attwood		Appointed	19/11/22
J Black
C N Bosworth
C Cnbbes
J Duriing
J Huntley
L Maunder
A Rimell
D Searle
A Sadden
R Sample		Resigned	7/3/23	Membership	secretary
A Reynolds		Appointed	19/11/22	Treasurer
K Smith				Sales officer
M Waite
M Wharton		Resigned	19/11/22
A Whittingstall		Appointed	19/11/22	Secretary
Appointees
N Cornish		Resigned	10/5/23	Secretary

						General	Designated	Restricted	Total	Total
						Fund	Fund	Funds
									2023	2022
					Notes					6
Income
Income from:
Donations and	legacies				2	28,491			28,491	319
Investment income						492			492	152
Chantable actiwties					3	109,810			109,810	65,210
Total income						138,793			138,793	65,681
Expenditure
Charitable activities					4	90,972	3,150		94,122	56,112
Total expenditure						90,972	3,150		94 122	56 112
Net income/(expenditure)						47,821	(3,150)		44,671	9.569
Transfers between		funds				(38,500)	38,500
Other recognised		gains/(losses)
Gains/(losses)	on revaluation			of fixed assets						11,375
Nel movement	in funds					9,321	35,350		44,671	20,944
Reconciliation	of funds
Fund balances	brought		forward			72,161	82,188	36,575	190,924	169,980
Fund balances	carried		forward			81,482	117,538	36,575	235,595	190,924

						2023	2022
							6
	General Fund
	Donations					28,491	319
						28,491	319
3	Income from		charitable	activities
						2023	2022
							f
	General Fund
	Subscnptions					52,496	46,230
	Sales					21,435	5,094
	Rally Authonsabon					6 500	1,200
	Affiliation Fees						118
	SAC					4.747	2,634
	Driver Traming		Cour e			6,726
	Conferences						350
	Advertising					1,114	1,485
	Sundry					140	811
	Gift aid					7670
	Commission-		receives			8982	7 288
						109,810	65 210
4	Expenditure	for charitable			activities
						2023	2022
						6	6
	General Fund
	Purchases					9,747	2 855
	Pnnhng and	publishmg				13.865	10,930
	Postage					4,596	6,103
	Other direct costs					3563	3498
	Exhibit'an ~mt		and Great	Dorset Steam Fair costs		12979	600
	Dnver trsinmg		course			o 144
	Courses and	coni'erences				294	38
	SAC					5.858	3.563
	Donations					530	50n
	Fuel tnals					229
	Governance	cos!s				5,520	i0.918
	Suppar, costs					24,647	16,607
							55,612

Designated	Funds
Grants
Fuel & Environmental
SAC
Webstte
Depreciation

2023	2022
E	E
650	500
2,500
3,150	500
94 122	56 112

		General
		Support	Governance
Officers' offico costs		7,750
Stationery, postage	&advertising	10,146
Subscnptions		944
Insurance		3,561
Depreaation		254
Cost ofmeetings		253	2 194
Sundry expenses		1,739	61
Independent examiner			1,760
Bank charges			1,505
		24,647	5,520

6	Net income/(expenditure)	Net income/(expenditure)		for the year
	The surplus/(defiatl	is stated after charging:
							2023	2022
							E	E
	Depreaation and	amounts		wnlten off tangible		fixed assets	254	128
	Independent examiner's		foes				1 760	980
	Irustees' emoluments
7	Staff Costs
	The Trust incurred	no staff		costs dunng	the year

			2023	2022	2023	2022
			No	No.	f	E
Tra i el			11	5	I 931	751
Postaq-	stauonery	& lelepnone	6	8	1,562	3 138
Other			11	7	16 3o4	2 605
					19,887	6,494

												Exhibition	Exhibition	Fixtures	Fixtures	and
									Trophies			Unit		Fittings			Equipment		Total
									E			E		E				E
	Cost
	At1 Apnl		2022						36,575			29,392			4,095			10,958	81		020
	Additions															926					926
	At 31 March				2023				36,575			29,392			5,021			10,958	81,946
	Depreciation
	At 1 Apnl		2022									29 392			3,945			10,958	44,295
	Charge for			the year												254					254
	At 31 March				2023							29,392			4,199			10,958	44,549
	Net book		value
	At 31 March				2023				36,575							822			37,397
	At 31 March				2022				36,575							150			36,725
	Cost or valuation					at 31 March 2023 is represented				by
												Exhibition		Fixtures		and
									Trophies			Unit		Fittings			Equipment		Total
									E					E
	Valuation		m 2022						11.375										11,375
	Cost								25,200			29,392		5,021				10,958	70,571
									36,575			29,392		5,021				10,958	81,946
	IfTrophies			had not been			revalued	they would have		been included			at the	following	historical		cost:
									2023			2022
									E			E
	Cost								25,200			25,200
	Aggregate			depreciation
	Trophies	were revalued on 21 December							2021 by A.M. Jones ofAndrew					Michaels	Jeweilers		Ltd,	Newark.
11	Investments
																			Shares	in
																			group
																			undertaking
	Cost																		E
	At I Apnl	2022 and at 31					March 2023														2
	Net Book		Value
	At I April	2022 and at 31					Mercii 2023
12	Stock																	2023	2022
																		E			E
	Stc k
13	Debtors																	2023	2022
																		E			E
	Debtors																			275
	Prcpayments				and	acrrucd mcomo												4 833	4	241
																		4,833	4,516
	A'I amounts			nci iderl aoovc are considered					iecoivabie		wi'.hin nnc ycai of			the ba'ance		shee'	de!e

14	Creditors	: amounts			falling due within	one year		2023	2022
								6	8
	Creditors							1,399	2,197
	Bank overdraft							10	10
	Payments	recwved		in	advance			11,998	11,202
	Accruals	and deferred			income			3,183	8,130
								16,590	21,539
15	Unrestricted funds			of the charity
							General Fund	Designated Funds	Total
								f	f
	Atl Apnl	2022					72,161	82,188	154,349
	Movement	in funds		for the year			47,821	(3,150)	44,671
	Transfers	between	funds					38,500
	As at 31 March 2023						81,482	117,538	199,020

16	Restricted	Restricted	funds
					At	1	April	Revaluation	Incoming Resources	Outgoing Resources	As at 31 March 2023
	Trophies	Revaluation		Reserve			36 575				36575
							36,575				36.575

		General Fund	Designated Funds	Restricted Funds	Total
Tangible fixed assets Investments		822 2		36,575	37,397 2
Cash at bank and	in hand	77,140	117,538		194,678
Other net current	assets	3,518			3518
		81,482	117,538	36575	235,595

						2023		2022
						6
Income
	Subscriptions					52,497			46,230
	Sales					21,435			5,094
	Rally Authorisation					6,500			1,200
	Affiliation Fees								118
	SAC					4,747			2,634
	Dnver Training Course					6,726
	Webinar services								350
	Advertising Income					1,114			1,485
	Sundry					140			811
						93,159			57,922
Cost ofSales
	Purchases					8,269	2,284
	Stock Movement					1,478	571
	Postage and Packing					968	581
	Rent					1,080	1,005
	Great Dorset Steam	Fair	costs			9,052
	Paypal fees					103	661
	Credit Card Charges					1,280	952
	Credit Card Machine					132	299
	Exhibition Unit					3,927	600
						26,289	6,953
	Steaming - Printing					9,865	6,930
	- Distribution					4,596	6.103
	—Editors Costs					4,000	4,000
	Conferences/webinars					294	38
	Driver Training Course					9,794
						54,838			24,024
Gross	Profit					38,321			33,898
Operating Costs						39,285			32,089
						(964)			1,809
Other Income
	Donations and Legacies					28,491	319
	Donations - Commissions					8,982	7,288
Gift aid income						7,670
	Interest Received					492	153
						45,635			7,760
Surplus	of income over expenditure					44,671			9,569
Costs allocated to Education		and	Scholarship		Fund	650			500
Costs allocated to Fuel 8 Enviromental				Fund		2,500
Transfer to M J Beeby Legacy						(25,000)
Transfer to Education and Scholarship				Fund		(1,000)
Transfer to Website Development			Fund						(1,000)
Transfer to Fuel 8 Environmental			Fund			(5,000)			(2.500)
Transfer to SAC Development		Fund				(2,500)
Transfer to 70th Anniversary		fund				(5,000)
Surplus/(Deficit) for the year						9,321			6,569

Schedule o for the year	f	Operating Costs ended 31 March 2023
			2023		2022
					f	f
Operating Costs
Office Costs
General Secretary			2,250		2,000
Membership		Secretary	2,250		2,000
Treasurer					1,000
Book Keeper			1,000		1,000
Sales Officer			2,250		2,000
				7,750		8,000
Administration
Stationery	and Printing		1,094		1,626
Postage			1,948		3,182
Rally lists			1,941
Advertising		8 Promotional	139		170
Website			5,025		2,907
Subscriptions			944		1,051
Insurance			3,561		3,357
Committee		Meetings	487		323
SAC			5,858		3,563
AGM			1,960		1,700
Fuel tnals			2,729
Sundry			464		1,824
Internet and		webinar expenses	1,336		907
Donations			530		500
Grants					500
Depreciation			254		128
				28,270		21,738
Financial
Independent		Examiner	1,760		980
Bank Charges			1,505		1,371
				3,265		2,351
Total Operating		Costs		39,285		32,089