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|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|-|-|<br>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<br>Fund|Designated<br>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<br>2023|Revaluation|Incoming<br>Resources|Outgoing<br>Resources|Asat31<br>March2024|
||TrophiesRevaluationReserve|36,575||||36,575|
||SCapelRestrictedReserve|||131,258|(2,298)|128,960|
|||36,575||131,258|(2,298)|165,535|





||General<br>Fund|Designated<br>Funds|Restricted<br>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<br>IncomeandExpenditureAccount<br>fortheyearended31March2024|||||
|---|---|---|---|---|
|||2024||2023|
||£|<br>£|£|£|
|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<br>ScheduleofOperatingCosts<br>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|