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2025-03-31-accounts
| NationalTractionEngineTrust |
NationalTractionEngineTrust |
| ReportoftheTrusteesfortheyearended31March2025 |
|
| Referenceandadministrativedetails |
|
| Charitynumber |
291578 |
| Companynumber |
01302197 |
| Registeredoffice |
4ChurchGreenEast,Redditch |
|
Worcs,8988BT |
| DirectorsandTrustees-GeneralCouncil |
|
| ASemple |
President |
| DBlenkinsop |
VicePresident |
| RClifford-Wing |
Chair |
| RSiddall |
ViceChair |
| TAttwood |
|
| JBlack |
|
| CNBosworth |
|
| JDurling |
|
| GEllis |
Appointed16/11/24 |
| CGarbett |
|
| JHuntley |
|
| LMaunder |
|
| AReynolds |
Treasurer&CompanySecretary |
| DSearle |
|
| ASeddon |
|
| KSmith |
SalesOfficer |
| PStingmore |
Appointed16/11/24 |
| MWaite |
|
| AWhittingstall |
GeneralSecretary |
| JWye |
|
|
|
General |
Designated |
Restricted |
Total |
Total |
|
|
Fund |
Fund |
Funds |
|
|
|
|
|
|
|
2025 |
2024 |
|
Notes |
|
|
£ |
£ |
£ |
| Income |
|
|
|
|
|
|
| Incomefrom: |
|
|
|
|
|
|
| Donationsandlegacies |
2 |
552 |
|
|
552 |
131,697 |
| Investmentincome |
|
8,734 |
|
|
8,734 |
2,115 |
| Charitableactivities |
3 |
95,419 |
|
|
95,419 |
100,724 |
| Totalincome |
|
104,705 |
|
- |
104,705 |
234,536 |
| Expenditure |
|
|
|
|
|
|
| Charitableactivities |
4 |
90,613 |
2,418 |
19,000 |
112,031 |
95,777 |
| Totalexpenditure |
|
90,613 |
2,418 |
19,000 |
112,031 |
95,777 |
| Netincome/(expenditure) |
|
14,092 |
(2,418) |
(19,000) |
(7,326) |
138,759 |
| Transfersbetweenfunds |
|
(8,500) |
8,500 |
|
|
|
| Netmovementinfunds |
|
5,592 |
6,082 |
(19,000) |
(7,326) |
138,759 |
| Reconciliationoffunds |
|
|
|
|
|
|
| Fundbalancesbroughtforward |
|
83,425 |
125,394 |
165,535 |
374,354 |
235,595 |
| Fundbalancescarriedforward |
|
89,017 |
131,476 |
146,535 |
367,028 |
374,354 |
|
Notes |
|
2025 |
|
2024 |
|
|
|
£ |
|
£ |
| Fixedassets |
|
|
|
|
|
| Tangibleassets |
10 |
|
39,062 |
|
37,349 |
| Investments |
11 |
|
2 |
|
2 |
|
|
|
39,064 |
|
37,351 |
| Currentassets |
|
|
|
|
|
| Stocks |
12 |
9,603 |
|
13,838 |
|
| Debtors |
13 |
7,291 |
|
6,557 |
|
| Cashatbankandinhand |
|
325,164 |
|
349,557 |
|
|
|
342,058 |
|
369,952 |
|
| Creditors:amountsfallingdue |
|
|
|
|
|
| withinoneyear |
14 |
(14,094) |
|
(32,949) |
|
| Netcurrentassets |
|
|
327,964 |
|
337,003 |
| Totalnetassets |
|
|
367,028 |
|
374,354 |
| Fundsofthecharity |
|
|
|
|
|
| Unrestrictedfunds |
|
|
|
|
|
| General |
15 |
|
89,017 |
|
83,425 |
| Designated |
15 |
|
131,476 |
|
125,394 |
| Restrictedfunds |
16 |
|
146,535 |
|
165,535 |
|
|
|
367,028 |
|
374,354 |
| 2 |
Incomefromdonationsandlegacies |
|
|
|
|
2025 |
2024 |
|
|
£ |
£ |
|
GeneralFund |
|
|
|
Donations |
552 |
439 |
|
|
552 |
439 |
|
RestrictedFunds |
|
|
|
Donations |
|
131,258 |
|
|
|
131,258 |
| 3 |
Incomefromcharitableactivities |
|
|
|
|
2025 |
2024 |
|
|
£ |
£ |
|
GeneralFund |
|
|
|
Subscriptions |
50,690 |
50,867 |
|
Sales |
8,772 |
10,628 |
|
RallyAuthorisation |
7,440 |
7,560 |
|
Codeofpractice |
120 |
105 |
|
SAC |
4,474 |
5,332 |
|
DriverTrainingCourse |
7,013 |
6,218 |
|
Advertising |
3,290 |
1,906 |
|
Sundry |
884 |
135 |
|
Giftaid |
3,407 |
8,454 |
|
Commissionsreceived |
9,329 |
9,519 |
|
|
95,419 |
100,724 |
| 4 |
Expenditureforcharitableactivities |
|
|
|
|
2025 |
2024 |
|
GeneralFund |
|
|
|
Purchases |
6,830 |
11,966 |
|
Printingandpublishing |
14,630 |
12,476 |
|
Postage |
6,180 |
6,469 |
|
Otherdirectcosts |
3,160 |
3,639 |
|
ExhibitionunitandGreatDorsetSteamFaircosts |
2,371 |
5,662 |
|
Drivertrainingcourse |
9,178 |
13,265 |
|
Coursesandconferences |
767 |
546 |
|
SAC |
9,418 |
8,299 |
|
Milestonebadges |
|
798 |
|
Donations |
500 |
530 |
|
Governancecosts |
6,164 |
6,435 |
|
Supportcosts |
31,415 |
20,75'I |
|
|
90,613 |
90,835 |
|
Expenditureforcharitableactivities(continued) |
|
|
|
|
2025 |
2024 |
|
|
£ |
£ |
|
DesignatedFund |
|
|
|
Grants |
1,580 |
163 |
|
Technicaldevelopment |
838 |
1,056 |
|
Fuel&Environmental |
|
1,425 |
|
|
2,418 |
2,644 |
|
RestrictedFunds |
|
|
|
Professionalfees |
19,000 |
2,298 |
|
|
19,000 |
2,298 |
|
|
General |
|
|
|
Support |
Governance |
|
Officers'officecosts |
6,750 |
|
|
Stationery,postage&advertising |
15,529 |
|
|
Subscriptions |
1,828 |
|
|
Insurance |
5,242 |
|
|
Depreciation |
432 |
|
|
Costofmeetings |
942 |
2,873 |
|
Sundryexpenses |
692 |
115 |
|
Independentexaminer |
|
1,678 |
|
Bankcharges |
|
1,498 |
|
|
31,415 |
6,164 |
| 6 |
Netincome/(expenditure)fortheyear |
|
|
|
Thesurplus/(deficit)isstatedaftercharging: |
|
|
|
|
2025 |
2024 |
|
|
£ |
£ |
|
Depreciationandamountswrittenofftangiblefixedassets |
432 |
325 |
|
Independentexaminer'sfees |
1,678 |
1,372 |
|
Trustees'emoluments |
|
|
|
|
Exhibition |
Fixturesand |
|
|
|
Trophies |
Unit |
Fittings |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
|
| At1April2024 |
36,575 |
29,392 |
5,298 |
10,958 |
82,223 |
| Additions |
|
|
2,145 |
|
2,145 |
| Disposals |
|
|
(2,062) |
|
(2,062) |
| At31March2025 |
36,575 |
29,392 |
5,381 |
10,958 |
82,306 |
| Depreciation |
|
|
|
|
|
| At1April2023 |
|
29,392 |
4,524 |
10,958 |
44,874 |
| Chargefortheyear |
|
|
432 |
|
432 |
| Eliminatedondisposal |
|
|
(2,062) |
|
(2,062) |
| At31March2024 |
|
29,392 |
2,894 |
10,958 |
43,244 |
| Netbookvalue |
|
|
|
|
|
| At31March2025 |
36,575 |
|
2,487 |
|
39,062 |
| At31March2024 |
36,575 |
|
774 |
|
37,349 |
|
|
Exhibition |
Fixturesand |
|
|
|
|
Trophies |
Unit |
Fittings |
Equipment |
|
Total |
|
£ |
£ |
£ |
|
£ |
£ |
| Valuationin2022 |
11,375 |
|
|
|
|
11,375 |
| Cost |
25,200 |
29,392 |
5,381 |
|
10,958 |
70,931 |
|
36,575 |
29,392 |
5,381 |
|
10,958 |
82,306 |
| IfTrophieshadnotbeenrevaluedtheywouldhavebeenincludedatthefollowinghistoricalcost: |
|
|
|
|
|
|
|
2025 |
2024 |
|
|
|
|
|
£ |
£ |
|
|
|
|
| Cost |
25,200 |
25,200 |
|
|
|
|
| Aggregatedepreciation |
|
|
|
|
|
|
| Trophieswererevaluedon21December2021byA.M.JonesofAndrewMichaelsJewellersLtd, |
|
|
|
|
Newark.
|
|
| 11 |
Investments |
|
|
|
|
|
Sharesin |
|
|
|
group |
|
|
|
undertaking |
|
Cost |
|
|
|
At1April2024andat31March2025 |
|
2 |
|
NetBookValue |
|
|
|
At1April2024andat31March2025 |
|
2 |
| 12 |
Stock |
2025 |
2024 |
|
Stock |
9,603 |
13,838 |
| 13 |
Debtors |
2025 |
2024 |
|
|
£ |
£ |
|
Debtors |
290 |
730 |
|
Prepaymentsandaccruedincome |
7,001 |
5,827 |
|
|
7,291 |
6,557 |
| 14 |
Creditors:amountsfallingduewithinoneyear |
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Creditors |
|
5,360 |
15,890 |
|
Paymentsreceivedinadvance |
|
5,862 |
13,007 |
|
Accrualsanddeferredincome |
|
2,872 |
4,052 |
|
|
|
14,094 |
32,949 |
| 15 |
Unrestrictedfundsofthecharity |
|
|
|
|
|
General
Fund |
Designated
Funds |
Total |
|
|
£ |
£ |
£ |
|
At1April2024 |
83,425 |
125,394 |
208,819 |
|
Movementinfundsfortheyear |
14,092 |
(2,418) |
11,674 |
|
Transfersbetweenfunds |
(8,500) |
8,500 |
|
|
Asat31March2025 |
89,017 |
131,476 |
220,493 |
| 16 |
Restrictedfunds |
|
|
|
|
|
|
|
At1April
2024 |
Revaluation |
Incoming
Resources |
Outgoing
Resources |
Asat31
March2025 |
|
TrophiesRevaluationReserve |
36,575 |
|
|
|
36,575 |
|
SCapelRestrictedReserve |
128,960 |
|
|
(19,000) |
109,960 |
|
|
165,535 |
|
|
(19,000) |
146,535 |
|
General
Fund |
Designated
Funds |
Restricted
Funds |
Total |
| Tangiblefixedassets |
2,487 |
|
36,575 |
39,062 |
| Investments |
2 |
|
|
2 |
| Cashatbankandinhand |
83,728 |
131,476 |
109,960 |
325,164 |
| Othernetcurrentassets |
2,800 |
|
|
2,800 |
|
89,017 |
131,476 |
146,535 |
367,028 |
NationalTractionEngineTrust
IncomeandExpenditureAccount
fortheyearended31March2025 |
|
|
|
|
|
2025 |
|
|
2024 |
|
£ |
£ |
£ |
£ |
| Income |
|
|
|
|
| Subscriptions |
|
50,690 |
|
50,867 |
| Sales |
|
8,772 |
|
10,628 |
| RallyAuthorisation |
|
7,440 |
|
7,560 |
| SAC |
|
4,474 |
|
5,332 |
| DriverTrainingCourse |
|
7,013 |
|
6,218 |
| EOCOP&LostRegistrations |
|
120 |
|
105 |
| AdvertisingIncome |
|
3,290 |
|
1,906 |
| Sundry |
|
884 |
|
135 |
|
|
82,683 |
|
82,751 |
| CostofSales |
|
|
|
|
| Purchases |
2,595 |
|
10,530 |
|
| StockMovement |
4,235 |
|
1,436 |
|
| PostageandPacking |
711 |
|
973 |
|
| Rent |
1,080 |
|
1,080 |
|
| Paypalfees |
95 |
|
62 |
|
| SubsDDfees |
276 |
|
|
|
| CreditCardMachine |
999 |
|
1,524 |
|
| ExhibitionUnit |
2,371 |
|
5,662 |
|
|
12,362 |
|
21,267 |
|
| Steaming-Printing |
8,270 |
|
8,476 |
|
| -Distribution |
6,180 |
|
6,469 |
|
| -Editor&designcosts |
6,360 |
|
4,000 |
|
| Conferences/webinars |
767 |
|
546 |
|
| DriverTrainingCourse |
9,178 |
|
13,265 |
|
|
|
43,117 |
|
54,023 |
| GrossProfit |
|
39,566 |
|
28,728 |
| OperatingCosts |
|
68,914 |
|
41,754 |
|
|
(29,348) |
|
(13,026) |
| OtherIncome |
|
|
|
|
| DonationsandLegacies |
552 |
|
131,697 |
|
| Donations-Commissions |
9,329 |
|
9,519 |
|
| Giftaidincome |
3,407 |
|
8,454 |
|
| InterestReceived |
8,734 |
|
2,115 |
|
|
|
22,022 |
|
151,785 |
| Surplus/(Deficit)ofincomeoverexpenditure |
|
(7,326) |
|
138,759 |
| CostsallocatedtoEducationandScholarshipFund |
|
1,580 |
|
163 |
| CostsallocatedtoFuel&EnviromentalFund |
|
|
|
1,425 |
| CostsallocatedtoTechnicalDevelopmentFund |
|
838 |
|
1,056 |
| CostsallocatedtoSCapelLegacy-Restrictedfund |
|
19,000 |
|
2,298 |
| TransfertoSCapelLegacy-Restrictedfund |
|
|
|
(131,258) |
| TransfertoSACBurrellProjectFund |
|
(1,000) |
|
(1,000) |
| TransfertoFuel&EnvironmentalFund |
|
|
|
(2,000) |
| TransfertoSACDevelopmentFund |
|
|
|
(5,000) |
| Transferto70th/75thAnniversaryfund |
|
(7,500) |
|
(2,500) |
| Surplus/(Deficit)fortheyear |
|
5,592 |
|
1,943 |
|
2025 |
|
2024 |
|
|
£ |
£ |
£ |
£ |
| OperatingCosts |
|
|
|
|
| OfficeCosts |
|
|
|
|
| GeneralSecretary |
2,250 |
|
2,438 |
|
| MembershipSecretary |
2,250 |
|
2,250 |
|
| BookKeeper |
|
|
1,000 |
|
| SalesOfficer |
2,250 |
|
2,250 |
|
|
|
6,750 |
|
7,938 |
| Administration |
|
|
|
|
| StationeryandPrinting |
873 |
|
306 |
|
| Postage |
1,960 |
|
2,047 |
|
| Rallylists |
2,966 |
|
2,101 |
|
| Advertising&Promotional |
8,909 |
|
990 |
|
| Website |
821 |
|
666 |
|
| Subscriptions |
1,828 |
|
1,576 |
|
| Insurance |
5,242 |
|
3,929 |
|
| CommitteeMeetings |
1,478 |
|
857 |
|
| SAC |
9,418 |
|
8,299 |
|
| AGM |
2,337 |
|
2,912 |
|
| Fueltrials |
|
|
1,425 |
|
| Milestonebadges |
|
|
798 |
|
| Sundry |
622 |
|
487 |
|
| Internet,webinarexpenses&platformdevelop |
1,022 |
|
1,240 |
|
| Donations |
500 |
|
530 |
|
| Grants |
1,580 |
|
163 |
|
| Depreciation |
432 |
|
325 |
|
|
|
39,988 |
|
28,651 |
| Financial |
|
|
|
|
| IndependentExaminer |
1,678 |
|
1,372 |
|
| BankCharges |
1,498 |
|
1,495 |
|
| ProfessionalFees |
19,000 |
|
2,298 |
|
|
|
22,176 |
|
5,165 |
| TotalOperatingCosts |
|
68,914 |
|
41,754 |