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2022-03-31-accounts

North West Museum of Transport Limited

Annual Report 2021-2022

Registered Charity no. 513262

CONTENTS

Trustees’ Annual Report

Financial Statements

Cover photo:

From the Museum’s historic vehicle collection, preserved Southport Corporation Leyland Titan bus no. 87, built in 1947 and as converted to open-top in 1962, back on Southport Promenade in 2022 for a free bus running day event.

North West Museum of Transport Ltd., 51 Hall Street, St. Helens, Merseyside WA10 1DU

Trustees’ annual report (including Directors’ report) for the period

From: 1 April 2021 to 31 March 2022 Charity name: NORTH WEST MUSEUM OF TRANSPORT LIMITED

Charity registration number: 513262

Company number: 01657828

Objectives and activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The North West Museum of Transport
Limited was founded in 1982 to establish
and maintain for the education and benefit of
the public of Merseyside, the North West of
England and North Wales, an operating
transport museum, the North West Museum
of Road Transport. The Charity aims to do
this by promoting the permanent
preservation of road transport vehicles and
related items of actual or potential historic or
scientific importance or educational value,
and to encourage and promote public
interest and public education in the same.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17 and
1.19		 The principal activities and objectives are to
operate a transport museum to conserve
and preserve historic road transport vehicles
and related items of interest for the benefit,
education and information of the public. It
has carried out this activity in its current
premises since 1986. The museum is open
to the public at weekends, and other times
by arrangement.
The Charity will acquire, restore, conserve
and display vehicles and artefacts
associated with its aims in a manner that
portrays their places in road transport
history, and work to conserve the fabric and
integrity of the original.
The Charity will continue to promote interest
in historic road transport for the benefit of the
public by encouraging the public to visit the
museum, and by providing educational
displays. It will also do this by taking historic
vehicles and related artefacts to suitable
events and schools etc. for the benefit of
those who may not visit the museum itself.
The Charity will continue to encourage
anyone with an interest in its aims to be
involved and participate in its activities. It will
act in a professional manner to safeguard
and further its aims and the assets that are
in the Charity’s care. By encouraging the
involvement of volunteers in its activities,
several of whom have retired from the motor
industry and have experience and skills in
the construction and maintenance of road
transport vehicles, the Charity provides a
focus for the retention of these skills and an
educational opportunity for these skills to be
passed on to future generations.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The trustees have had regard to the
guidance issued by the Charity Commission
on public benefit.

Additional information (optional) You may choose to include further statements where relevant about:

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SORP reference
Policy on grant making Para 1.38 The Charity does not make grants.
Policy on social investment Para 1.38 Does not apply.
including program related
investment
Contribution made by Para 1.38 The activities of the Charity are carried out
volunteers almost entirely by a small number of
volunteer members, except for work carried
out by professionals. There was a reduction
in the number of active volunteers due to the
Covid lockdowns, and their increasing age.
Fortunately, some new and younger
volunteers have joined since the museum
reopened and have made significant
contributions to the activities of the museum.
There are about 30 regular active volunteers
who work on a rota basis to open the
museum to visitors. They are also involved
with vehicle maintenance and restoration,
archive conservation and outreach, using
relevant skills and passing these on to
others for their training and education.
Other
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Achievements and performance

Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 The North West Museum of Road Transport
is housed in the former St. Helens
Corporation bus depot in St. Helens town
centre, which is a very accessible and
appropriate setting. The building has been in
continuous use for road transport purposes
for over 100 years and retains many of its
original features. The Charity has about 40
historic road vehicles in its care, mainly
buses from the North West but also lorries,
cars, motorcycles and pedal cycles. There is
also a large quantity of road transport
archive material from the region and
elsewhere. The display collection also
includes several privately-owned historic
vehicles, and an accommodation fee is
charged for these.
Following withdrawal of the COVID-19
restrictions, the Museum was reopened to
the public from 23 May 2021, and has been
open every Sunday since, apart from the
Christmas and New Year closedown period.
It has not been possible to open on
Saturdays due to a shortage of volunteers,
but visitor numbers each Sunday since
reopening have been higher than before
COVID. Unfortunately it was not possible to
arrange any educational school and group
visits during this time, due to ongoing
restrictions in schools.
We aim for the museum to appeal to all
ages. Family groups of parents and
grandparents with younger and older
children make up a large proportion of our
visitors. The items on display are selected to
be of educational value and interesting for
visitors.
Further progress on the review and
cataloguing of the transport-related material
in the Charity’s archive collection. The
display of some of these items has been
refreshed to provide new interest and
information for visitors.
There was limited progress with vehicle
restoration during the period, as far as
resources allowed. A further vehicle display
re-arrangement has refreshed the content
for visitors, and the scope of the vehicle
display was enhanced by the arrival of a
preserved Blackpool tram.
Some repairs and renewals were made to
the Museum building during this period, as
the Charity is responsible the maintenance the Charity is responsible the maintenance
of the premises under its lease from St
Helens Council.
The public benefits from the Charity’s
activities by:
Providing a focus for skills retention
and teaching to a new generation;
Being a centre for the retention of
local transport history and relating
this to present and future generations
for educational purposes;
Giving the opportunity to experience
and gain a better understanding of a
part of life in a bygone era.

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Achievements against
objectives set
Para 1.41
The Charity has continued to achieve its
objectives as outlined above.
Performance of fundraising
activities against objectives
set
Para 1.41
The Charity has raised sufficient funds
during the year to achieve the objectives of
operating a transport museum for the
education and benefit of the public and
continuing to conserve and restore its
historic assets.
Investment performance
against objectives
Para 1.41
Does not apply.
Other The Charity provides accommodation in part
of its premises for the Rainhill Model Railway
Club under a sub-lease.

Financial review

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Review of the charity’s Para 1.21 Income for the period: £101,472.
financial position at the end Expenditure: £111,500.
of the period Deficit for the year: £10,028.
Statement explaining the Para 1.22 The Trustees have reviewed the Charity's
policy for holding reserves requirements for reserves in line with Charity
stating why they are held Commission guidance, and after
consideration of the main risks to the
organisation. They have established a policy
whereby the unrestricted funds not
committed or invested in tangible fixed
assets should be maintained at £30,000,
which will cover approximately 4 months of
normal expenditure.
Amount of reserves held Para 1.22 £30,000
Reasons for holding zero Para 1.22 Does not apply
reserves
Details of fund materially in Para 1.24 None
deficit
Explanation of any Para 1.23 None
uncertainties about the
charity continuing as a going
concern
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The charity’s principal
sources of funds (including
any fundraising)
Para 1.47
Principal sources of funds:

member subscriptions (3%)

entrance fees to the museum,
catering and shop sales (22%)

income from accommodation of
privately owned vehicles and Rainhill
Model Railway Club (48%)

appeals and donations (1%)

other income (3%)

grants (24%) (extraordinary COVID
support grants)
These funds support the objectives of the
charity by enabling the operation of the
Museum and conservation of its historic
vehicles for the public benefit.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 The Charity does not hold any investments.

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The Trustees have examined the major
Para 1.46
A description of the principal strategic, business and operational risks to
risks facing the charity which the Charity is exposed, and confirms
that systems are established to take steps to
reduce these risks.
Principal risks include:
 Catastrophic loss of premises and
collection
 Unexpected early termination of
lease on premises
 Financial pressure or failure
 Unexpected major building repairs
not covered by insurance
 Loss or reduction of volunteer
support
 Ageing active volunteer membership,
and possible reduction in active
contribution
Other
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Structure, governance and management

Description of charity’s
trusts:
Type of governing document:
for example,trust deed,
memorandum and articles of
association etc		 Para 1.25 Articles of Association adopted by Special
Resolution on 13 March 2022. These
replaced the Memorandum and Articles of
Association of the Company incorporated 11
August 1982.
How is the charity
constituted?
for example limited company,
unincorporated association,
CIO		 Para 1.25 The Charity is controlled by its governing
document, a deed of trust, and constitutes a
limited company, limited by guarantee, as
defined by the Companies Act 2006.
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Trustees, who are also Directors of the
company, are elected by subscriber
members of the company at the annual
general meeting in accordance with the
Articles of Association. The Trustees also
have the power to appoint new Trustees by
co-option. The maximum number of
Trustees is 9, with a complement of 9 at the
end of the reporting period.

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Policies and procedures
adopted for the induction and
training of trustees
Para 1.51
The management of the charity is
undertaken by the board of trustees.
The charity’s organisational
structure and any wider
network with which the
charity works
Para 1.51
The Charity has links with some of the other
charitable organisations in the St. Helens
area that provide historical educational
facilities and entertainment attractions for the
local population, and with the cultural
departments of the local authority.
The Charity has continued its liaison with St.
Helens council and is involved with the St
Helens visitor economy network strategy
group, which endeavours to improve and
promote St Helens as a visitor attraction, to
benefit the people of the town and its
economy and wellbeing.
Relationship with any related
parties
Para 1.51
The Charity is a member of the National
Association of Road Transport Museums
(charity no. 11431218).
Other

Reference and administrative details

Reference and administrative details Reference and administrative details
Charity name
North West Museum of Transport Limited
Other name the charity uses
North West Museum of Road Transport
Registered charity number
513262
Charity’s principal address The Old Bus Depot
51 Hall Street
St. Helens
Merseyside
WA10 1DU

Names of the charity trustees who manage the charity

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Name of person (or body)
Trustee name Office (if any) Dates acted if not for whole year entitled to appoint trustee
(if any)
1 Clive Arnold Secretary
2 Mark Ashcroft Treasurer Until 1 December 2021
3 Mark Ashcroft Treasurer From 13 March 2022
4 Matthew Davies From 13 March 2022
5 Paul Holmes
6 Robert Hughes
7 Paul Lambert
8 Michael Lloyd Until 13 March 2022
9 Shaun McGarry
10 Keith Naylor Chairman
11 Gerald Pennington From 20 October 2021
12 Peter Roberts Until 13 March 2022
13
14
15
16
17
18
19
20
–
Corporate trustees names of the directors at the date the report was approved
Director name
None
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Name of trustees holding title to property belonging to the charity

Name of trustees holding title to property belonging to the charity Name of trustees holding title to property belonging to the charity
Trustee name
Dates acted if not for wholeyear
None
Funds held as custodian trustees on behalf of others Funds held as custodian trustees on behalf of others
Description of the assets
held in this capacity		 None
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 Does not apply
Details of arrangements for Does not apply
safe custody and
segregation of such assets
from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (optional information)

Type of Name Address
**adviser **
Name of chief executive or names of senior staff members (optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The company has taken advantage of the small companies’ exemption in preparing the report above.

The trustees declare that they have approved the trustees’ report (including directors’ report) above.

Signed on behalf of the charity’s trustees/directors

Signature(s) Full name(s) Keith Naylor Clive Richard Arnold Position (for example Secretary, Chair, etc)[Chairman ] Secretary Date 29 January 2023

REGISTERED COMPANY NUMBER: 01657828 (England and Wales) REGISTERED CHARITY NUMBER: 513262

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

NORTH WEST MUSEUM OF TRANSPORT LIMITED

NRB 1st Floor Waterside House Waterside Drive Wigan Lancashire WN3 5AZ

NORTH WEST MUSEUM OF TRANSPORT LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Page
Report of the Trustees 1
Independent Examiner's Report 2
Statement of Financial Activities 3
Balance Sheet 4
Notes to the Financial Statements 5 to 10

NORTH WEST MUSEUM OF TRANSPORT LIMITED (REGISTERED NUMBER: 01657828)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Structure, governance and management

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Reference and administrative details Registered Company number

01657828 (England and Wales)

Registered Charity number

513262

Registered office

The Old Bus Depot 51 Hall Street St Helens Merseyside WA10 1DU

Trustees

C R Arnold M G Ashcroft (appointed 13.3.22) P F Holmes (resigned 24.4.22) R Hughes P Lambert M Lloyd (resigned 13.3.22) S R Mcgarry (resigned 2.5.22) K Naylor G Pennington (appointed 20.10.21) P J Roberts (resigned 13.3.22) M B Davies (appointed 13.3.22)

Company Secretary

C R Arnold

Independent Examiner

NRB 1st Floor Waterside House Waterside Drive Wigan Lancashire WN3 5AZ

Approved by order of the board of trustees on 25 October 2022 and signed on its behalf by:

C R Arnold - Trustee

Page 1

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTH WEST MUSEUM OF TRANSPORT LIMITED

Independent examiner's report to the trustees of North West Museum Of Transport Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Neil Whittingham BA (Hons) FCA ATT NRB 1st Floor Waterside House Waterside Drive Wigan Lancashire WN3 5AZ

26 October 2022

Page 2

NORTH WEST MUSEUM OF TRANSPORT LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
39
Charitable activities
Operation of a transport museum
49,052
Other trading activities
3
25,273
Investment income
4
6
Other Income
26,389
Total
100,759
EXPENDITURE ON
Raising funds
6
2,319
Charitable activities
7
Operation of a transport museum
109,181
Total
111,500
NET INCOME/(EXPENDITURE)
(10,741)
RECONCILIATION OF FUNDS
Total funds brought forward
140,442
TOTAL FUNDS CARRIED FORWARD
129,701		 Restricted
fund
£
713
-
-
-
-
713
-
-
-
713
5,712
6,425		 31.3.22
Total
funds
£
752
49,052
25,273
6
26,389
101,472
2,319
109,181
111,500
(10,028)
146,154
136,126		 31.3.21
Total
funds
£
272
54,246
6,422
8
49,947
110,895
303
64,947
65,250
45,645
100,509
146,154

The notes form part of these financial statements

Page 3

NORTH WEST MUSEUM OF TRANSPORT LIMITED (REGISTERED NUMBER: 01657828)

BALANCE SHEET 31 MARCH 2022

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
12
29,730
Heritage assets
13
45,650
75,380
CURRENT ASSETS
Debtors
14
16,590
Cash at bank
46,216
62,806
CREDITORS
Amounts falling due within one year
15
(8,485)
NET CURRENT ASSETS
54,321
TOTAL ASSETS LESS CURRENT LIABILITIES
129,701
NET ASSETS
129,701
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
-
-
-
-
6,425
6,425
-
6,425
6,425
6,425		 31.3.22
Total
funds
£
29,730
45,650
75,380
16,590
52,641
69,231
(8,485)
60,746
136,126
136,126
129,701
6,425
136,126		 31.3.21
Total
funds
£
20,104
45,650
65,754
8,462
74,487
82,949
(2,549)
80,400
146,154
146,154
140,442
5,712
146,154

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 25 October 2022 and were signed on its behalf by:

M G Ashcroft - Trustee

The notes form part of these financial statements

Page 4

NORTH WEST MUSEUM OF TRANSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). The financial statements are prepared in sterling which is the functional currency of the charity.

Legal status of the charity

The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £5 per member of the charity

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 33% on reducing balance and 5% on reducing balance

The need for any impairment of a fixed asset write down is considered if there is a concern over the carrying value of an asset and is assessed by comparing the carrying value in use or realisable value of the asset when appropriate.

Heritage assets

The charity holds heritage assets, which are tangible fixed assets of historical, artistic or scientific importance that are held to advance preservation and conservation objectives of the charity.

The very long expected lives of the heritage assets, due to their nature, value and need to be preserved means that depreciation is not material and is therefore, not provided. In addition, many of the assets could actually rise in value as time goes on, thus making depreciation less applicable.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Page 5

continued...

NORTH WEST MUSEUM OF TRANSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

2. DONATIONS AND LEGACIES
31.3.22 31.3.21
£ £
Donations from individuals 752 272
3. OTHER TRADING ACTIVITIES
31.3.22 31.3.21
£ £
Membership Subscriptions 3,169 3,655
Shop and Cafe 8,036 2,767
Other Event Income 14,068 -
25,273 6,422
4. INVESTMENT INCOME
31.3.22 31.3.21
£ £
Bank interest received 6 8
5. INCOME FROM CHARITABLE ACTIVITIES
31.3.22 31.3.21
Operation
of a
transport Total
museum activities
£ £
Vehicle accommodation 46,084 49,135
RMRC Rental Income 2,968 5,111
49,052 54,246
6. RAISING FUNDS
Other trading activities
31.3.22 31.3.21
£ £
Advertising 1,250 303
Event expenditure 1,069 -
2,319 303
7. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 8) Totals
£ £ £
Operation of a transport museum 105,221 3,960 109,181

Page 6

continued...

NORTH WEST MUSEUM OF TRANSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

8. SUPPORT COSTS

9.

SUPPORT COSTS
Governance
costs
£
Operation of a transport museum 3,960
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.22 31.3.21
£ £
Depreciation - owned assets 3,473 1,285
Other operating leases 33,848 33,848

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
36
Charitable activities
Operation of a transport museum
54,246
Other trading activities
6,422
Investment income
8
Other Income
49,947
Total
110,659
EXPENDITURE ON
Raising funds
303
Charitable activities
Operation of a transport museum
63,648
Total
63,951
NET INCOME/(EXPENDITURE)
46,708
RECONCILIATION OF FUNDS
Total funds brought forward
93,734
TOTAL FUNDS CARRIED FORWARD
140,442		 Restricted
fund
£
236
-
-
-
-
236
-
1,299
1,299
(1,063)
6,775
5,712		 Total
funds
£
272
54,246
6,422
8
49,947
110,895
303
64,947
65,250
45,645
100,509
146,154

Page 7

continued...

NORTH WEST MUSEUM OF TRANSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

12. TANGIBLE FIXED ASSETS

12. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 April 2021 35,194
Additions 13,099
At 31 March 2022 48,293
DEPRECIATION
At 1 April 2021 15,090
Charge for year 3,473
At 31 March 2022 18,563
NET BOOK VALUE
At 31 March 2022 29,730
At 31 March 2021 20,104
13. HERITAGE ASSETS
Total
£
COST
At 1 April 2020 and 31 March 2021 45,650
NET BOOK VALUE
At 31 March 2021 45,650
At 31 March 2020 45,650
14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£ £
Trade debtors 515 -
Prepayments and accrued income 16,075 8,462
16,590 8,462
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£ £
Trade creditors 8,485 1,549
Accruals and deferred income - 1,000
8,485 2,549

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continued...

NORTH WEST MUSEUM OF TRANSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

16. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net
movement At
At 1.4.21 in funds 31.3.22
£ £ £
Unrestricted funds
General fund
140,442		 (10,741) 129,701
Restricted funds
Restricted fund
5,712		 713 6,425
TOTAL FUNDS
146,154		 (10,028) 136,126
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund
100,759		 (111,500) (10,741)
Restricted funds
Restricted fund
713		 - 713
TOTAL FUNDS
101,472		 (111,500) (10,028)
Comparatives for movement in funds
Net
movement At
At 1.4.20 in funds 31.3.21
£ £ £
Unrestricted funds
General fund
93,734		 46,708 140,442
Restricted funds
Restricted fund
6,775		 (1,063) 5,712
TOTAL FUNDS
100,509		 45,645 146,154
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund
110,659		 (63,951) 46,708
Restricted funds
Restricted fund
236		 (1,299) (1,063)
TOTAL FUNDS
110,895		 (65,250) 45,645

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continued...

NORTH WEST MUSEUM OF TRANSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 At 1.4.20
£
93,734
6,775
100,509		 Net
movement
in funds
£
35,967
(350)
35,617		 At
31.3.22
£
129,701
6,425
136,126

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 Incoming

resources
£
211,418
949
212,367		 Resources
Movement
expended
in funds
£
£
(175,451)
35,967
(1,299)
(350
(176,750)
35,617		 Resources
Movement
expended
in funds
£
£
(175,451)
35,967
(1,299)
(350
(176,750)
35,617
35,617

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

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