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|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||





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|||General|Designated|Restricted|<br>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|





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## 

|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.<br>||



|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<br>Fund|Designated<br>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<br>2024|Revaluation|Incoming<br>Resources|Outgoing<br>Resources|Asat31<br>March2025|
||TrophiesRevaluationReserve|36,575||||36,575|
||SCapelRestrictedReserve|128,960|||(19,000)|109,960|
|||165,535|||(19,000)|146,535|





## 

||General<br>Fund|Designated<br>Funds|Restricted<br>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<br>IncomeandExpenditureAccount<br>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|