| NationalTractionEngineTrust | NationalTractionEngineTrust | |
|---|---|---|
| ReportoftheTrusteesfortheyearended31March2024 | ||
| Referenceandadministrativedetails | ||
| Charitynumber | 291578 | |
| Companynumber | 01302197 | |
| Registeredoffice | 4ChurchGreenEast,Redditch | |
| Worcs,B988BT | ||
| DirectorsandTrustees-GeneralCouncil | ||
| ASemple | President | |
| DavidSmith | Resigned23/2/24 | VicePresident |
| DBlenkinsop | VicePresident | |
| RClifford-Wing | Chair | |
| RSiddall | ViceChair | |
| TAttwood | ||
| JBlack | ||
| CNBosworth | ||
| CCribbes | Resigned18/11/23 | |
| JDurling | ||
| JHuntley | ||
| LMaunder | ||
| ARimell | Resigned18/11/23 | |
| DSearle | ||
| ASeddon | ||
| AReynolds | Treasurer&CompanySecretary | |
| KSmith | SalesOfficer | |
| MWaite | ||
| AWhittingstall | GeneralSecretary | |
| NCornish | Resigned10/05/23 | CompanySecretary |
| RSemple | Resigned07/03/23 | MembershipSecretary |
| Appointees | ||
| CGarbett | Appointed18/11/23 | |
| JWye | Appointed18/11/23 |
| General | Designated | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Fund | Fund | Funds | ||||
| 2024 | 2023 | |||||
| Notes | £ | £ | £ | £ | £ | |
| Income | ||||||
| Incomefrom: | ||||||
| Donationsandlegacies | 2 | 439 | 131,258 | 131,697 | 28,491 | |
| Investmentincome | 2,115 | - | 2,115 | 492 | ||
| Charitableactivities | 3 | 100,724 | - | 100,724 | 109,810 | |
| Totalincome | 103,278 | - | 131,258 | 234,536 | 138,793 | |
| Expenditure | ||||||
| Charitableactivities | 4 | 90,835 | 2,644 | 2,298 | 95,777 | 94,122 |
| Totalexpenditure | 90,835 | 2,644 | 2,298 | 95,777 | 94,122 | |
| Netincome/(expenditure) | 12,443 | (2,644) | 128,960 | 138,759 | 44,671 | |
| Transfersbetweenfunds | (10,500) | 10,500 | ||||
| Otherrecognisedgains/(losses) | ||||||
| Gains/(losses)onrevaluationoffixedassets | ||||||
| Netmovementinfunds | 1,943 | 7,856 | 128,960 | 138,759 | 44,671 | |
| Reconciliationoffunds | ||||||
| Fundbalancesbroughtforward | 81,482 | 117,538 | 36,575 | 235,595 | 190,924 | |
| Fundbalancescarriedforward | 83,425 | 125,394 | 165,535 | 374,354 | 235,595 |
| Notes | 2024 | 2023 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Fixedassets | |||||
| Tangibleassets | 10 | 37,349 | 37,397 | ||
| Investments | 11 | 2 | 2 | ||
| 37,351 | 37,399 | ||||
| Currentassets | |||||
| Stocks | 12 | 13,838 | 15,275 | ||
| Debtors | 13 | 6,557 | 4,833 | ||
| Cashatbankandinhand | 349,557 | 194,678 | |||
| 369,952 | 214,786 | ||||
| Creditors:amountsfallingdue | |||||
| withinoneyear | 14 | (32,949) | (16,590) | ||
| Netcurrentassets | 337,003 | 198,196 | |||
| Totalnetassets | 374,354 | 235,595 | |||
| Fundsofthecharity | |||||
| Unrestrictedfunds | |||||
| General | 15 | 83,425 | 81,482 | ||
| Designated | 15 | 125,394 | 117,538 | ||
| Restrictedfunds | 16 | 165,535 | 36,575 | ||
| 374,354 | 235,595 |
| Incomefromdonationsandlegacies | ||
|---|---|---|
| 2024 | 2023 | |
£ |
£ |
|
| GeneralFund | ||
| Donations | 439 | 28,491 |
| 439 | 28,491 | |
| RestrictedFunds | ||
| Donations | 131,258 | |
| 131,258 | ||
| Incomefromcharitableactivities | ||
| 2024 | 2023 | |
£ |
£ |
|
| GeneralFund | ||
| Subscriptions | 50,867 | 52,496 |
| Sales | 10,628 | 21,435 |
| RallyAuthorisation | 7,560 | 6,500 |
| Codeofpractice | 105 | |
| SAC | 5,332 | 4,747 |
| DriverTrainingCourse | 6,218 | 6,726 |
| Advertising | 1,906 | 1,114 |
| Sundry | 135 | 140 |
| Giftaid | 8,454 | 7,670 |
| Commissionsreceived | 9,519 | 8,982 |
| 100,724 | 109,810 | |
| Expenditureforcharitableactivities | ||
| 2024 | 2023 | |
£ |
£ |
|
| GeneralFund | ||
| Purchases | 11,966 | 9,747 |
| Printingandpublishing | 12,476 | 13,865 |
| Postage | 6,469 | 4,596 |
| Otherdirectcosts | 3,639 | 3,563 |
| ExhibitionunitandGreatDorsetSteamFaircosts | 5,662 | 12,979 |
| Drivertrainingcourse | 13,265 | 9,144 |
| Coursesandconferences | 546 | 294 |
| SAC | 8,299 | 5,858 |
| Milestonebadges | 798 | |
| Donations | 530 | 530 |
| Fueltrials | 229 | |
| Governancecosts | 6,435 | 5,520 |
| Supportcosts | 20,751 | 24,647 |
| 90,835 | 90,972 |
| Expenditureforcharitableactivities(continued) | |||
|---|---|---|---|
| 2024 | 2023 | ||
£ |
£ |
||
| DesignatedFund | |||
| Grants | 163 | 650 | |
| Technicaldevelopment | 1,056 | ||
| Fuel&Environmental | 1,425 | 2,500 | |
| 2,644 | 3,150 | ||
| RestrictedFunds | |||
| Professionalfees | 2,298 | ||
| 2,298 | |||
| General | |||
| Support | Governance | ||
| Officers'officecosts | 7,937 | ||
| Stationery,postage&advertising | 6,111 | ||
| Subscriptions | 1,576 | ||
| Insurance | 3,929 | ||
| Depreciation | 325 | ||
| Costofmeetings | 263 | 3,507 | |
| Sundryexpenses | 610 | 61 | |
| Independentexaminer | 1,372 | ||
| Bankcharges | 1,495 | ||
| 20,751 | 6,435 | ||
| 6 | Netincome/(expenditure)fortheyear | ||
| Thesurplus/(deficit)isstatedaftercharging: | |||
| 2024 | 2023 | ||
£ |
£ |
||
| Depreciationandamountswrittenofftangiblefixedassets | 325 | 254 | |
| Independentexaminer'sfees | 1,372 | 1,760 | |
| Trustees'emoluments |
| Tangiblefixedassets | |||||
|---|---|---|---|---|---|
| Exhibition | Fixturesand | ||||
| Trophies | Unit | Fittings | Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost | |||||
| At1April2023 | 36,575 | 29,392 | 5,021 | 10,958 | 81,946 |
| Additions | - | - | 277 |
277 | |
| At31March2024 | 36,575 | 29,392 | 5,298 | 10,958 | 82,223 |
| Depreciation | |||||
| At1April2023 | 29,392 | 4,199 | 10,958 | 44,549 | |
| Chargefortheyear | 325 | 325 | |||
| At31March2024 | 29,392 | 4,524 | 10,958 | 44,874 | |
| Netbookvalue | |||||
| At31March2024 | 36,575 | 774 | 37,349 | ||
| At31March2023 | 36,575 | 822 | 37,397 | ||
| Costorvaluationat31March2024isrepresentedby: | |||||
| Exhibition | Fixturesand | ||||
| Trophies | Unit | Fittings | Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Valuationin2022 | 11,375 | 11,375 | |||
| Cost | 25,200 | 29,392 | 5,298 | 10,958 | 70,848 |
| 36,575 | 29,392 | 5,298 | 10,958 | 82,223 | |
| IfTrophieshadnotbeenrevaluedtheywouldhavebeen | includedatthe | followinghistorical | cost: | ||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Cost | 25,200 | 25,200 | |||
| Aggregatedepreciation |
| 11 | Investments | ||
|---|---|---|---|
| Sharesin | |||
| group | |||
| undertaking | |||
| Cost | £ | ||
| At1April2023andat31March2024 | 2 | ||
| NetBookValue | |||
| At1April2023andat31March2024 | 2 | ||
| 12 | Stock | 2024 | 2023 |
| £ | £ | ||
| Stock | 13,838 | 15,275 | |
| 13 | Debtors | 2024 | 2023 |
| £ | £ | ||
| Debtors | 730 | ||
| Prepaymentsandaccruedincome | 5,827 | 4,833 | |
| 6,557 | 4,833 |
| 14 | Creditors:amountsfallingduewithinoneyear | 2024 | 2023 | |
|---|---|---|---|---|
| Creditors | 15,890 | 1,399 | ||
| Bankoverdraft | 10 | |||
| Paymentsreceivedinadvance | 13,007 | 11,998 | ||
| Accrualsanddeferredincome | 4,052 | 3,183 | ||
| 32,949 | 16,590 | |||
| 15 | Unrestrictedfundsofthecharity | |||
| General Fund |
Designated Funds |
Total | ||
| £ | £ | £ | ||
| At1April2023 | 81,482 | 117,538 | 199,020 | |
| Movementinfundsfortheyear | 12,443 | (2,644) | 9,799 | |
| Transfersbetweenfunds | (10,500) | 10,500 | - | |
| Asat31March2024 | 83,425 | 125,394 | 208,819 |
| 16 | Restrictedfunds | |||||
|---|---|---|---|---|---|---|
| At1April 2023 |
Revaluation | Incoming Resources |
Outgoing Resources |
Asat31 March2024 |
||
| TrophiesRevaluationReserve | 36,575 | 36,575 | ||||
| SCapelRestrictedReserve | 131,258 | (2,298) | 128,960 | |||
| 36,575 | 131,258 | (2,298) | 165,535 |
| General Fund |
Designated Funds |
Restricted Funds |
Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Tangiblefixedassets | 774 | 36,575 | 37,349 | |
| Investments | 2 | - | 2 | |
| Cashatbankandinhand | 95,203 | 125,394 | 128,960 | 349,557 |
| Othernetcurrentassets | (12,554) | (12,554) | ||
| 83,425 | 125,394 | 165,535 | 374,354 |
| NationalTractionEngineTrust IncomeandExpenditureAccount fortheyearended31March2024 |
||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ |
£ | £ | |
| Income | ||||
| Subscriptions | 50,867 | 52,497 | ||
| Sales | 10,628 | 21,435 | ||
| RallyAuthorisation | 7,560 | 6,500 | ||
| SAC | 5,332 | 4,747 | ||
| DriverTrainingCourse | 6,218 | 6,726 | ||
| EOCOP&LostRegistrations | 105 | - | ||
| AdvertisingIncome | 1,906 | 1,114 | ||
| Sundry | 135 | 140 | ||
| 82,751 | 93,159 | |||
| CostofSales | ||||
| Purchases | 10,530 | 8,269 | ||
| StockMovement | 1,436 | 1,478 | ||
| PostageandPacking | 973 | 968 | ||
| Rent | 1,080 | 1,080 | ||
| GreatDorsetSteamFaircosts | 9,052 | |||
| Paypalfees | 62 | 103 | ||
| CreditCardMachine | 1,524 | 1,412 | ||
| ExhibitionUnit | 5,662 | 3,927 | ||
| 21,267 | 26,289 | |||
| Steaming-Printing | 8,476 | 9,865 | ||
| -Distribution | 6,469 | 4,596 | ||
| -EditorsCosts | 4,000 | 4,000 | ||
| Conferences/webinars | 546 | 294 | ||
| DriverTrainingCourse | 13,265 | 9,794 | ||
| 54,023 | 54,838 | |||
| GrossProfit | 28,728 | 38,321 | ||
| OperatingCosts | 41,754 | 39,285 | ||
| (13,026) | (964) | |||
| OtherIncome | ||||
| DonationsandLegacies | 131,697 | 28,491 | ||
| Donations-Commissions | 9,519 | 8,982 | ||
| Giftaidincome | 8,454 | 7,670 | ||
| InterestReceived | 2,115 | 492 | ||
| 151,785 | 45,635 | |||
| Surplusofincomeoverexpenditure | 138,759 | 44,671 | ||
| CostsallocatedtoEducationandScholarshipFund | 163 | 650 | ||
| CostsallocatedtoFuel&EnviromentalFund | 1,425 | 2,500 | ||
| CostsallocatedtoTechnicalDevelopmentFund | 1,056 | |||
| CostsallocatedtoSCapelLegacy-Restrictedfund | 2,298 | |||
| TransfertoSCapelLegacy-Restrictedfund | (131,258) | |||
| TransfertoMJBeebyLegacy | (25,000) | |||
| TransfertoEducationandScholarshipFund | (1,000) | |||
| TransfertoSACBurrellProjectFund | (1,000) | |||
| TransfertoFuel&EnvironmentalFund | (2,000) | (5,000) | ||
| TransfertoSACDevelopmentFund | (5,000) | (2,500) | ||
| Transferto70th/75thAnniversaryfund | (2,500) | (5,000) | ||
| Surplus/(Deficit)fortheyear | 1,943 | 9,321 |
| NationalTractionEngineTrust ScheduleofOperatingCosts fortheyearended31March2024 |
||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | £ | £ | |
| OperatingCosts | ||||
| OfficeCosts | ||||
| GeneralSecretary | 2,438 | 2,250 | ||
| MembershipSecretary | 2,250 | 2,250 | ||
| BookKeeper | 1,000 | 1,000 | ||
| SalesOfficer | 2,250 | 2,250 | ||
| 7,938 | 7,750 | |||
| Administration | ||||
| StationeryandPrinting | 306 | 1,094 | ||
| Postage | 2,047 | 1,948 | ||
| Rallylists | 2,101 | 1,941 | ||
| Advertising&Promotional | 990 | 139 | ||
| Website | 666 | 5,025 | ||
| Subscriptions | 1,576 | 944 | ||
| Insurance | 3,929 | 3,561 | ||
| CommitteeMeetings | 857 | 487 | ||
| SAC | 8,299 | 5,858 | ||
| AGM | 2,912 | 1,960 | ||
| Fueltrials | 1,425 | 2,729 | ||
| Milestonebadges | 798 | |||
| Sundry | 487 | 464 | ||
| Internet,webinarexpenses&platformdevelopment | 1,240 | 1,336 | ||
| Donations | 530 | 530 | ||
| Grants | 163 | |||
| Depreciation | 325 | 254 | ||
| 28,651 | 28,270 | |||
| Financial | ||||
| IndependentExaminer | 1,372 | 1,760 | ||
| BankCharges | 1,495 | 1,505 | ||
| ProfessionalFees | 2,298 | |||
| 5,165 | 3,265 | |||
| TotalOperatingCosts | 41,754 | 39,285 |