REGISTERED COMPANY NUMBER: 02475754 (England and Wales) REGISTERED CHARITY NUMBER: 328539 Re orl of the Trustees and Unaudited Financial Statement5 for the Year Ended 31st December 2023 for BRITISH COMMERCIAL VEHICLE MUSEUM TRUST Abrarns Ashton - Cliorley Liimiied Chartered Certified Accountants 41 St Thomd%'% Road Chorley Lanca5hire PR7 IJE
BRJTJ.%H COMMERCIAL VEHICLE MUSEUM TRUST Contents of the Flnanclal Statements for thi, Ycur EndL.d 31st DLLLmber 2023 Page Report of the Trustees Independent ExAMlller's Report Statement ot. Flnanclal Actlvltles Balanee Sheet Notes to the Flnanclal Statement5 9 to 15
BRJTJ.%H COMMERCIAL VEHICLE MUSEUM TRUST {REGISTERED NUMBER: 02475754 orr of the Trustees for the Yexr Ended 31st December 2023 The Irustees who are also directors of the cliarity for th¢ purtK)5es of the Compaiiies Act £006, present their report with the financial staTemenls of the chaniy for Ilie year ended 3 1st December 2023. The Iruslees have adopted the provisions of Accounting and RLPOrting by Chttritie%.' StatcmLnt uf Recommcndcd PrnLtiLc appliLthblL to LharitlL.% prLparing Ihcir llLLount% in aLLordLl, With the Financial Reporting Starbdard applical)le iii tlie UK aiid Republic of Ireland {FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Prlnclpal aetivltles and objeetlves Tlic principal aclLvilics uf the compaiiy arc IhL provision of a vchiclL musciiin for tlic public, Ihc rcstoration of vchicles of liistoriL interest and the Inaintenance of'archives of'tlie comrnercial vehicle industry. Tlie iru.4t'.4 central objective iq to pre%erve t.or tuture gTeneratioii%, vehicle% of %pecial %ig7niticance iii The deNelopinenl ot. the Brilish commercial vehicle indiislry. The miigeiiin Irusiees, chosen lo provide a range of experiise reflecling boih the operalion and manuf&LturL ot" IrLJLks aiid busLS, dctLrniinc LoIILLlion policy. Thcy scck lo maintain a rcprescnlativc display L)f vehiLlcs spanning Ihc whole lieritage ot'the Brit15h commercial vehicle indusiry. Tlie Iru%lee.%' %econd main objective ]% to en%ure the wide¥t poi%ible dcce%% and vi.%ibility tor the collection. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeunient The ihai'iiy is controlled by its governing document. a deed of tnist, and constitutes a limited company, limiied by giiarantee. as delined by the Coillpdnie4 Act 2006. Corporate status The British Coininercial Vehicle Miis¢um Ttvst is a regyislered Charity, which was incorporated under the Cornpanies Act 1981 as a company limited by guaranlee on l March 191)O. The company does not have a share capilal and the liability in respeLI of giiaranlee 1% liinited lo £1 per tru4tee. For the purpv%e ot the Cvnipunie5 ALI 2006. the Iru%tee4 aLt a% dire¢tors uf the Loinpany. The ¢onipuny was eslablisl)ed under a meiii0raiidui of Association. which established the objects and powers of the charitable cornpany and is governed under ils Articles ot AssoLiatiL)n. Trustees respDn5ibllltles Company law requires the Irusiees lo prepare financial sta¢einents for each financial year wliich gIe a true and fair view of the slale of aftairs of the company and of the SLirplus or deficit of the company for that period. In preparing those finoncial slolemenls, the trustee5 are required to.. sLILLI suitabli uLLvuniing p¢JliLILS und IhLn upply ihLrn LonsislLntly make judgeinents and estimates that are reasonable and prudeiil prepare the financial sialements on the goiiig concern basis unless il Ib inappropriate lo presume Ihal the company ivill coniinue in business ThL Iru%tLL% arc rLsponiiblL lor kLLping prDPLf ULLounting rLLord% wliiLh di%Llo%c with rLu%unublL uLLiifJLy al uny tiinL thL finanLiuI position of tlie compan), aiid to enable thein to ensure that tlie financial slalenieiils comply with Coinpanies Act 1985. They are also responsible for safegiiarding the assets of the company and hence for taking reasonable steps for the prevenlioi) and detection of fraud and other irregyularities. REFERENCE AND ADMTNISTRATIVE DETAILS Registered Compan} number 02475754 (England and Wales) Reg15tei-ed Chai-lty nuiiiber 32x539 Reglstered office King Street Leyland LanLaghirt PR25 2LE Page I
BRJTJ.%H COMMERCIAL VEHICLE MUSEUM TRUST {REGISTERED NUMBER: 02475754 orr of the Trustees for the Yexr Ended 31st December 2023 Trustees .1 P Gil¢hrist Chairinaii W G Robinson (resigned 14.3.241 D H BLnncti D m1hell C Robertoii J.A McKevilt T J Haley MsCLMcli D B Fon'esl K J Ellison DireL'tor J G Soulhwortli Director P Jukes Compan!, Secretary T J Haley Independent Examlner Andrem, C'arl CtsunLe Abraiiis Ashton Chorley Liiniled Chartered Certified Accountanis 41 Si ThomdS'S Rodd Chorley Laniashiie PR7 IJE Page 2
BRJTJ.%H COMMERCIAL VEHICLE MUSEUM TRUST {REGISTERED NUMBER: 02475754 orr of the Trustees for the Yexr Ended 31st December 2023 TThstees ThL Trubtees in office at 3 l%t DeLeiuber 20?3 thrL listed bclow: J P Gilchrist Chairman W G Robinson (resig7iied 14.3.241 D H Bennett D MilLhcll C Roberton J.A MeKevilt T J Hdley Ms C L Melia D B Forrcsl K J Ellison J G Soulhworth P Jukes Registrlltion and Appointment of Trustees The Articles of Asgocialion of The British Cominercial Vehicle Museum Trusi require one third of the Tnistees to retire by rotation ai eucli Annudl Generdl Meeiing. Siibjecl lo tlie provi%ion4 ot Ihe Anicle%, tlie TnJNree% lo retire by rotation %hdll be tho4e who hdve been longesi in office since Ilieir lasi appoiniineni or re-appoinirnent, bui as be(ween persons who became or were lasi re-appoinied Trusiees on the same day, those to retire shall be determined by lot. The Trusiees reiiring are: J A McKevill J P GilLhrist Msc L Melia Th¥%e Tru.%tee% muy, it ivilling lo ULI. b¢ r¢.appLTrinl¥d. The Articles of Association require Trustees to retire ai their tirst Annual General Meeting, Revlew of activltle5 The Irusiees are pleased to repori a surplus for the year ended 31 December 2023 of £114,415. This coinpares lo a deficii in Ihe year ended I l December 2022 of (Ll,531). The surplus was achiev¢d largely due lo an increased receipt of donalions and legacies of £191.555 (2022 - £97,766). Donations and ILgtsiiL% inLludL inoniL% fLLcivLd by Wdy of grant%. The Trustees are particularly grateful to the 'The Engert Watford Motor Museum, for making a grant of £141,000 received in March 2023 aiid a turther gTranl trom the Heritagpe Lollery fund paid under,staLie 2 of the museum refurbishTnent progirani received in Jai)uary 2021. Incoine generated by the museums trading activities increased by 22.50/ 10 £159,586 (202" £130,269). Overhe<id.% increa4ed hy 3.1'/0 10 £236,726 {2022 £229,566). ThL nct asscts of the muscuin on .1 l Dcccmbcr 2023 wcrL' L2,549,505. Museum Actlvltles Nornial trading incoine for 2021 increased lo £159,586 (2022 - £130,269). Full details are enclosed in note 2 10 Ihese accounls. Page 3
BRJTJ.%H COMMERCIAL VEHICLE MUSEUM TRUST {REGISTERED NUMBER: 02475754 orr of the Trustees for the Yexr Ended 31st December 2023 Volunteer5 and staff The mU%CUiT] ¢Lirrently opcrutc% with five employLb%. ThL Trnitees valiic their Lontributiuns und LnthusiLLsm and apprcLlUtL thdl thLy also work many extra l)ours on a voluntary basis. The tinancial success ol. the Tru.%t would not be p0%5ible without the husve 5UPPOrt and etYort5 of it) volunteers. Approxiniately titly people voliinleer Iheir time. skills and expertise lo help the museum, archives. cinema and special events 10 function. Tlie museum is vcry gralLful Its all thL voluntLcrs who kLLP Ihc mUSLum rcpairLd and opcn, and to Ihosc who cnllrtain and inform IhL visitors. Wiihout this dedication Il)e museum could not tunction. The Future Thc chAllcngc in 2024 is to LontinuL lo inLrcasc visitor numbcrs, LomnicrLial inLomL froni sponsorsliip and thL usc of LonfcrLnLing tacilities. Tlie InJstee% hxve cainrnitle<l to un(lerlake a thorou&Jh review ot the uiloption of the eigThl e%%enlial elernenls of <1 succe%%ful board contained in The Charity GovernanLe Code> produLLd by NCVO. ThL trustees have enbvabiLd a consuliani io undertake a review and provide reLomtneiidationg to ensure we comply Miiih the eight eleinents inLluding.' OrLTraiiisational purpose Leadei'sliip Integrity Decision-making Risk and LonlrJl Board etle¢iiveness Eqiialily, diversity and iiiclusion Openness and aLLuunl&bilily Reserves Policy The Trustees look fonvard lo building up the reserves of Ihe museuin as a result of increased revenue sli'eams Ihal will generale fulure iirplii%e%. Approved by order of the board of trustees on 18th September 2024 and signed on its behalf by.. J P Gilchri51 Trustee Page 4
Jnde endent Examiner'5 Re otnmcrfia ort to the Trustees or USCUlll rust Independent examiner's report to the trustees of British CDmmer¢ial N'ehicle Museum Trust {'the Companv,) I report to the charity trustees ov] my exaillination of the accounts of the Coinpany for the year ended .31 sl December 202.3. Re5ponsibilitie5 and bgsi5 of report As the charit} s Iruslees ol the Coinpany {aiid also ils directors for the purposes of company law) yOLi are responsible for Ilie prcpurutiun uf the acLuunt% in alLrdance with the requiremlt% uf thc Coinpunie% ALt 2006 ('thL 20U6 Act,). H&ving salisfi=d myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 ALt and are eligFibl¢ t.or independ¢iil examiiiatioii, I report iii respect of my examination of your charity's account5 a5 carried out under Section 145 of the C'harities Aci 2011 ('Ihe 201 l Act,). In carrying out my examinalion I have followed the Directions given by the C.harily Q'.ommission under ScLtion 145(51 (b) of the 201 I ALt. Independent examlner's stxtement Since your charity'% gFro%% income exceeded £25n,000 your examiner mu4t be a member of a li4ted body. I can contirm that l ain qualified 10 underiake the examination because l am a member of Ilie Association of Chartered Certified Accounlanls. which is one of thL listLd bodics. I hav¢ completed tny examination. I confinn thal no tnalters hav¢ come lo iny attention in ¥onnection willi th¢ exainination giving me cau%e lo bel ieve.. fACLounting reLords were not kept in respeLI of the Company as required by SeLtion 386 (jf the 20U6 Act; or the accounts do not acco1 with those records.. or the accoiints do noi coinply with the accoiinling reqiiirements of Seciion 396 of the 2006 A¢1 other than any requirement thai the dCCOLini% giwe d true and t'uir i'iew whicli is not d llidller considered IL4 Part ot dl) independent exLJn)indlion; or Ihe accounis have noi been prepared in accordance wilh ilie merliods and prinkniples of ihe S(a(einenT of Recommended PraLtiLe ftsr aLiouiiling And reporting by charities (appliLable to Lharilies preparing their acLounls ill accordance with the Fiiiancial Reportin&y Standard applicable in the UK ai)d Republ ic of Ir¢laiid (FRS 102)). I liuve no ¢unLerns und have Lvme no uiher Imatters in ¢onlleLliun with the exdiMin&tion to whilh allenliun %hoLild be drdwn in this report in order to enable a proper understanding of ¢he accounts lo be reached. AndrL'w Cdrl CdunL'L Abrams Ashton - Chorley Limited Chartered Certified Accounlan15 41 Sl Thomas's Road ChorlLy Lancashire PR7 IJE 2.5 th September 2024 Page 5
BRJTJ.%H COMMERCIAL VEHICLE MUSEUM TRUST Statemenl of Financial Activities for the Yexr Ended 31st December 21123 31.12.23 Total funds 31.12.22 Total fiinds Unrestricted lund Restricted fund INCOME AND ENDOWMENTS FROLWI Dondtion4 IcguLiL. 191,555 191.555 97,766 Other tradinu aLtivitic Total 159 $86 351 141 159,586 351,141 130269 228,U35 EXPENDITURE OLN Rdl8ing fund 15,585 15,5115 9,099 Chritable *ctivities Employinenl costs Esldblishment LO%t GenL'ral (Idminislraiive expenses D¢plIlI0 Losls Total 73,518 80,104 29,709 86,311 147.623 147,623 236 726 27(} 566 NET INCOME/{EXPENDITURE) 114,415 114,415 {1,531) RECONCILIATION OF FUNDS Tolal (unds brouglii forward 2.0146,090 349,000 2,435.090 2,436,621 TC)TAI, FIINt>S C.ARRIF.fJ FnRWARf) 2 21111 SlbS .149 2 549 2 4.1.f The notes fonn parl of iliese finaneial statements Page 6
BRJTJ.%H COMMERCIAL VEHICLE MUSEUM TRUST {REGISTERED NUMBER: 02475754 Balance Sheet 31st Deceniber 2023 31.12.23 Total funds 31.12,22 Total fiinds Unrestricted lund Restricted fund FIXED ASSETS Tangiblc a%%Lt Heritage assets 1,966,795 1,966.795 -14Y OUO 2,31 %,795 1,991,26 349 000 2,340,2611 349 000 349,000 1,966,795 CIIRRENT ASSETS Siocks Debi(Trr5 Cash al bank and in hand 3,000 5,848 3.000 5.848 242.632 251,480 3,000 3,080 103 977 110.057 10 251,480 CRF.DITORS Amounts falling due within one year (17,770) (17.770) (15,235) NETCURRENT ASSETS 233 710 94,822 TOTAL ASSETS LESS CURRENT LIABILITIES 2,200,505 349,000 2,549,505 2.435,OL)O NET ASSETS FUNDS Unrestricted funds Remtricted fund% 2 2110 .$05 .149 000 2 54y.$05 2 435 090 12 2,200.505 349 2 544 505 2,086,090 349 Ono 2 415 090 TOTAL FUNDS The Chariiable company is enlilled lo exemption from aiidit under Section 477 of rhe Companies Acl 2006 for the year ended .31 sl Decembei- 21)23. The niembers have not required the coinpaiiy to obtain ali audit of ils finaiicial 8lateinents lor the year ended 31 st Deceinber 2023 in accordance with Section 476 of Ihe Companies Aci £006. The trustees acknowledge their respollsibililies for (a) ensurin&i that the ¢haritsbl¢ conipany keeps accountin&y records that coinply with Section8 38() and 387 ot the Companies Act 2006 8nd preparing finaiicidl slateiments- which give a true and fair view ut the %tate uf affair% Df the Charitble Lompllny at the qid uf eaLli fii)dn¢ial year and vf ils surplus or dvficit for each financial year in ac¥()rdan¢e wilh 11)e r¥quireinLnts of Sections 394 and 395 and which otherwise coinply with the requirernenls of Ihe Companies Act 2006 relating lo financial statelentS. so tar a% applicable to the charitable ¢1llnpany. Ib) The notes fonn parl of iliese finaneial statements Page 7 continued..-
BRJTJ.%H COMMERCIAL VEHICLE MUSEUM TRUST {REGISTERED NUMBER: 02475754 Balance Sheet- continued 31st Deceniber 2023 These financial statements have been prepared in aLcordanLe with the provisions appliLable lo charitable cotnpanies subject tt) the small compaiiies regime. The Iinancial statements were approved b}, the Board of Trustees and authorised for issue on 18th September 2024 and were signed on its behalf by.. J P Gilchri%i Trustee The notes fonn parl of iliese finaneial statements Page 8
BRJTJ.%H COMMERCIAL VEHICLE MUSEUM TRUST
Notes to the Financial Statement5
for the Yexr Ended 31st December 21123
ACCOUNTING POLICIES
Basls of preparlng the financial statements
ThL finunLial %tatcmLnt% of the Lliaritdble conipuny, whiLh 1% a public benefit Lntily under FRS 102, huve becn prep£Ld in
accordance with the Charilies SORP (FRS 102) 'Accounting ai)d Reporting by Charilies- Sialeinent of Recoinm¢nded
Practice applicable lo charities preparing their accounis it) aLcordance with the Financial Reporting Standard applicable in the
UK and Republic of Jreland {FRS 102) (etlective l Janiiary 2019}', Financial Reporting Standard 102 'The Financial
Reporiing Standard applicable in the UK and Republic of Ireland, and the C,ompaiiies Aet 2006. The financial slalements
IiawL bccn prLparL'd undcr thc hisloriLal Lost LollvLntion.
Incorne
All incoille is recogFnised in tlie Stdtemenl ot Financidl Activities once ihe charity has eiititlement lo ihe fund%, it 1% pmbable
that the income will be received and the amouni can be measured reliablj.
Expenditure
Liabilities are recognised as ¢xpenditure as soon as there is a legal or constructive obligation comtnitting the Charity lo thal
expenililiire, il li probable that a tran%fer ot econoinic benefit% will be required in %eltlemenl and Ihe dmoiint of the ohl igpiilion
cali bL Ineasured reliably. Expenditure is acLuuntL.d for on an accruals basis and has been classified uiider hL'
BRJTJ.%H COMMERCIAL VEHICLE MUSEUM TRUST Notes to the Financial Statements - continued for the Yexr Ended 31st December 21123 ACCOUNTING POLICIES - continued Hlre purchase and leaislng eommltments RLlltul% Pdid under operating drc LhargLd to thL StuteinLnt of FinunLial ilLtLVltic% un u %lraight line btLSi% over tE]e period of tlie lease. Pension costs gnd other post-retirement benefits The charitable company operates a defiiied conlribulion pension scheme. Contributions payable lo the charitable company's pcnsion sLhcmL arL Lhargcd lo Ilic StalcmLnt of FinanLial Activilics in thu pcriod tL) which thcy rcl&tL. Bulldlngs The mu4eum operateq from premi%e% provided by Eng,li4h Partnerqhip.4. There is no rent paid tor ihe building? Subject to the coiidilion Ihal the buildings are used lo fiiriher the iSt$ aciiviiies, and cannot be realised iinless Ihe niuseum re siles in nothLr 'ncw toi¥n' arLa. C".tsnsequcntly thc buildings arc not rLLordcd in Ilic balance sheet. OTHER TRADING ACTIVITIES 31.12,23 31.12.22 Entrdnce fee4 Shop income Arcliive incoine Olhcr goods Cafe rent 105,746 20,205 705 22,671 91,636 17,254 2,394 12,533 6.452 IIU 269 159,580 NET INCOMEI{EXPEIYDITURE) Nel incomellexpendiiure) is slated after charginwlcrediling): 31.12.23 31.12.22 Depreciation - owned clSSels Hire uf plant and muuhiiiery 24,r)88 TRUSTEES, REMUNERATJON AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 sl December 2023 nor for the year ended .3 I st Deceimber 2022. Trustees, expenses Durill¥ the yedr, no expense% were paid to trustees (2022 - Nil). P¥AEe l O continued..-
BRJTJ.%H COMMERCIAL VEHICLE MUSEUM TRUST Notes to the Financial Statements - continued for the Yexr Ended 31st December 21123 STAFF COSTS There was an aN'erage of 5 full lime ernployees throughou( tl)e year. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restrlcled fund Total tuiids INC'OME AND EIYDOIYME]YTS FROM Donations and legacies 97,7CI6 97,766 Oiher tr<iding activitie. Total 170269 228 0.35 130,269 228 035 EXPENDITURE ON Rai%ing fLind 9,099 9,099 Chariluble fy¢tivilies Eniployment cosls Eslablishrnenl Losls GLIILrJl adniini8tralivL LXPLll%L DeprelatIOn costs 80,1(H 29,769 86,311 110,104 29,769 116,311 279 56() 22Y 5A6 NET INCOME/(EXPENDITURE) (1,531) (1,531) RECONCILIATION OF FUNDS Toial funds brought toiwai'd 2.087,621 349,000 2.436,621 TOTAL FUNDS CARRIED FORWARD 2 086 090 349 000 2 435 090 P¥AEe I I continued..-
BRJTJ.%H COMMERCIAL VEHICLE MUSEUM TRUST Notes to the Financial Statements - continued for the Yexr Ended 31st December 21123 TANGIBLE FIXED ASSETS Improveinents 10 property Fixtures and fitting Freehold property Computer Lquipincnt Total4 COST At 1st January 2023 Addition At 3 Isl December 2023 DEPRECIATION Al I sl Jat)uary 9023 CharLve for year At 31 51 Dcccmbcr 2023 NET BOOK V.4LUE At 31 sl DLLLmbL'r 2023 At.I Isl December 2022 1,721,000 314,115 41,421 40,5SI 51S 41,1166 2,117,087 515 2.117 6112 1,721 Olllb 314,114 41,421 7A019 33138 15,962 125.819 150.807 1721000 1721000 222 395 238 096 1966 795 1991 ?68 In 2019 Ihe Trusi made an applicaiion 10 ihe HM Land Registry io be recognised as Ihe legal owners of Ihe building. Th¢ appliLation was approved and granted by the HM Land Registry and Ihe properl). had been brought into the accoun15 al Ihe value rebFl&tered al the HM Land R¢bFiblry of tlie aniouiil £1,721,000. HERITACE ASSETS Total MARIKET VALUE Ai Isi January 023 and 31 st December 2023 IYET BOUK V.4LUE At I l fl December 2023 At 3 Isi Deceiiiber 9022 The vehicles and archives in the museum have eillier been donated or are on loan lo the Elriiish Lominercial Vehicle Mu%Luni. Thcy JrL Lon%idLfL.d tu bL hLrilagL a%8Lls. TIIL. vLhiLIL.s iirL. hLld tu providL a LoniinLrLial VLhiLIL 11iusL'uni foi. IhL benefit of future generalions. They range from Ihe horse drawn era through to steain wagoiis and early pelrol vehicles, up to the present day. There are 6.2 vehiLles 01) display. No vehicles can be disposed of without the upproval of the donor and a ypecial re%olulion ot.the Tru%t. Tlie archives coiilaiii iii exces5 of 256,000 items of photographic material and artifact%. P¥AEe 12 continued..-
BRJTJ.%H COMMERCIAL VEHICLE MUSEUM TRUST Notes to the Financial Statements - continued for the Yexr Ended 31st December 21123 STOCKS 31.12.23 31.12.22 Stocks 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Trade de11tors Oiher debtors VAT 3,08S 152 97 1,524 Prepayinenls and accrued incoine ii. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.23 31.12.22 Trade ¢irditors Social security and other taxes Other creditors Accru14 llnd dLfLrrLd inLuniL 12,lJ41 2,521 9,797 300 4.629 12. MOVEMENT IN FUNDS Net rnoveinenl in fLinds Al 11.12.23 Unrestricted funds Gii)Lral fund 2,086,090 114,415 2,200,505 RestrlLlvd fund Re5lricted 349,000 349,000 TOTAL FUNDS 2 4.If 090 114415 2 549 $05 Nel movement in t"und%, iiiLluded in the above are 114 follows,. Incoming re50urces Resources expended Moveinent in thnds Unrestricted funds General fund 351,141 (236,726) 114,415 TOTAL FUNDS 351141 236 726) 114 415 P¥AEe 13 continued..-
BRJTJ.%H COMMERCIAL VEHICLE MUSEUM TRUST Notes to the Financial Statements - continued for the Yexr Ended 31st December 21123 12. MOVEMENT IN FUNDS - continued Comparxtlves for movement fin funds Net movement iii funds Ai 31.12.22 At 1.1.22 Uiire%lri¢l¢d funds General tund 2,087.621 2,086,090 Restrieted funds Resiribled 149.000 349,(K>O TOTAL FUNDS 1 436621 1531) 2 43fj 090 Comparaiive nel moveineni in fuiids, included in the above are as follows.. Incoining resources Resources expended Movement in funds Unrestricted funds (Jeneral tund 228,U35 (22l),566) {15311 TOTAL FUNDS 228 U35 229 566) A current year 12 months and prior year 12 monlhb combined position is as follows.. Nel rnovcnicnl in funds At 1.1.22 31.12.23 Unrestricted funds General fund 2,087,621 112,884 2,200,505 Restri¢ted funds ReslriLtecl 349,000 349.0 TOTAL FUNDS 2 436 621 112884 2 549 .505 A ciirrent year 12 months and prior yetir 12 months combined net inoveme.nl in fiinds, incliided in the above <2re as follows.. Incoining resourLes Resources expended Movement in funds Uiirestrlcted fuiids CJener(Il flind 579,176 (466,292) 112,884 TOTAL FUNDS 579 176 46h 292 112884 P¥AEe 14 continued..-
BRJTJ.%H COMMERCIAL VEHICLE MUSEUM TRUST Notes to the Financial Statements - continued for the Yexr Ended 31st December 21123 13. RELATED PARTY DISCLOSURES There were no related party transactions for Ilie year ended 31 st December 2023. (2022 - Nil) 14. ULTIMATE CONTROLLING PARTY The coinpaiiy is controlled by the trustees. Page 15
This document was delivered using electronic communications and authenticated in accordance with thc registrar's rulcs relating to elcctronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006.