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2024-03-31-accounts

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

From: 1 April 2023 to 31 March 2024 Charity name: NORTH WEST MUSEUM OF TRANSPORT LIMITED

Charity registration number: 513262

Company number: 01657828

Objectives and activities

Objectives and activities Objectives and activities 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, mainly from the
North West of England, 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, drawn from the wider
membership of the Charity. There are about
20 active volunteers who work on a rota
basis to open the museum to the public, and
to cater for educational visits by schools and
adult groups. Others 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 120 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,
motor 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 privately-owned historic road
vehicles that are relevant to the area or of
local interest. An accommodation fee is
charged for these.
The Museum is open to the public on
Sundays from February to late December
each year. Visitor numbers have risen during
the reporting year to almost 6000 and the
number of visitors continues to grow. The
intention is to maintain this trend by further
improving the education benefit for visitors,
additional opening days and greater
publicity.
Group visits on weekdays continue to be an
important part of the Charity’s work in
education, and many primary schoolchildren
have taken part in tours of the museum’s
exhibits by our volunteer staff. Special visits
by adult groups have also taken place.
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.
Historic items belonging to the Rainhill
Railway Heritage Group were brought to the
museum at the end of 2023 for display,
following the closure of the Group’s
museum. These are items of railway interest
relating to the Liverpool and Manchester
Railway and the Rainhill Trials of 1824.
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. Additional display
areas have been created to allow more of
these transport-related items to be on show

and these include historic vehicle lamps and parts on loan from members. Some repairs and renewals were made to the Museum building during this period, as 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.

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

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 granted by our
superior landlord.

Financial review

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Review of the charity’s Para 1.21 Income for the period: £98,469
financial position at the end Expenditure: £91,617
of the period Surplus for the year: £6,852
Details are in the financial statements
appended to this report.
The deficit reported at the last review period
has been eliminated.
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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Additional information (optional) You may choose to include further statements where relevant about:

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 (43%)

income from accommodation of
privately owned vehicles and Rainhill
Model Railway Club (44%)

appeals and donations (2%)

other income (8%)
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 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 6 at the
end of the reporting period.

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

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

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, Chair
2 Mark Ashcroft Treasurer Until 19 November 2023
3 Matthew Davies
4 Robert Hughes
5 Keith Naylor
6 Gerald Pennington
7
8
9
10
11
12
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

Trustee name Dates acted if not for whole year
None

Funds held as custodian trustees on behalf of others

Description of the assets
held in this capacity		 None 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
safe custody and
segregation of such assets
from the charity’s own assets		 Does not apply

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) C R Arnold Full name(s) Clive Richard Arnold Position (for example Secretary, Chair, etc)[Secretary ] Date 24 January 2025

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 2024

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 2024

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
Detailed Statement of Financial Activities 11 to 12

NORTH WEST MUSEUM OF TRANSPORT LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

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 2024. 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 (resigned 19.11.23) R Hughes K Naylor G Pennington M B Davies

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 16 August 2024 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 2024.

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

16 August 2024

Page 2

NORTH WEST MUSEUM OF TRANSPORT LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
1,854
Charitable activities
5
Operation of a transport museum
47,065
Other trading activities
3
45,335
Investment income
4
424
Other Income
3,590
Total
98,268
EXPENDITURE ON
Raising funds
6
3,686
Charitable activities
7
Operation of a transport museum
87,931
Total
91,617
NET INCOME/(EXPENDITURE)
6,651
RECONCILIATION OF FUNDS
Total funds brought forward
119,316
TOTAL FUNDS CARRIED FORWARD
125,967		 Restricted
fund
£
201
-
-
-
-
201
-
-
-
201
5,709
5,910		 31.3.24
Total
funds
£
2,055
47,065
45,335
424
3,590
98,469
3,686
87,931
91,617
6,852
125,025
131,877		 31.3.23
Total
funds
£
1,016
48,090
33,808
80
4,199
87,193
1,962
96,332
98,294
(11,101)
136,126
125,025

The notes form part of these financial statements

Page 3

NORTH WEST MUSEUM OF TRANSPORT LIMITED

BALANCE SHEET 31 MARCH 2024

31.3.24 31.3.23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 13 22,479 - 22,479 25,865
Heritage assets 14 47,650 - 47,650 45,650
CURRENT ASSETS 70,129 - 70,129 71,515
Debtors 15 2,625 - 2,625 16,563
Cash at bank 60,907 5,910 66,817 53,572
CREDITORS 63,532 5,910 69,442 70,135
Amounts falling due within one year Amounts falling due within one year
16		 (7,694) - (7,694) (16,625)
NET CURRENT ASSETS 55,838 5,910 61,748 53,510
TOTAL ASSETS LESS CURRENT LIABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES 125,967 5,910 131,877 125,025
NET ASSETS 125,967 5,910 131,877 125,025
FUNDS 17
Unrestricted funds 125,967 119,316
Restricted funds 5,910 5,709
TOTAL FUNDS 131,877 125,025

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 16 August 2024 and were signed on its behalf by:

C R Arnold - 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 2024

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.

Page 5

continued...

NORTH WEST MUSEUM OF TRANSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

2.
DONATIONS AND LEGACIES
Gifts
Donations from individuals
3.
OTHER TRADING ACTIVITIES
Membership Subscriptions
Shop and Cafe
Other Event Income
4.
INVESTMENT INCOME
Bank interest received
5.
INCOME FROM CHARITABLE ACTIVITIES
Vehicle accommodation
RMRC Rental Income
6.
RAISING FUNDS
Other trading activities
Advertising
Event expenditure
7.
CHARITABLE ACTIVITIES COSTS
Operation of a transport museum		 31.3.24
31.3.23
£
£
-
1
2,055
1,015
2,055
1,016
31.3.24
31.3.23
£
£
3,434
2,848
14,502
12,517
27,399
18,443
45,335
33,808
31.3.24
31.3.23
£
£
424
80
31.3.24
31.3.23
Operation
of a
transport
Total
museum
activities
£
£
43,315
44,340
3,750
3,750
47,065
48,090
31.3.24
31.3.23
£
£
1,009
1,326
2,677
636
3,686
1,962
Support
Direct
costs (see
Costs
note 8)
Totals
£
£
£
83,157
4,774
87,931

Page 6

continued...

NORTH WEST MUSEUM OF TRANSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

8. SUPPORT COSTS

9.

SUPPORT COSTS
Governance
costs
£
Operation of a transport museum 4,774
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.24
£
Depreciation - owned assets
4,094
Other operating leases
33,848		 31.3.23
£
5,489
33,848

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

11. STAFF COSTS

The average monthly number of employees during the year was as follows:

12.

Museum Operations 31.3.24
1		 31.3.23
1
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM Unrestricted
fund
£		 Restricted
fund
£		 Total
funds
£
Donations and legacies 732 284 1,016
Charitable activities
Operation of a transport museum 48,090 - 48,090
Other trading activities 33,808 - 33,808
Investment income 80 - 80
Other Income 4,199 - 4,199
Total 86,909 284 87,193
EXPENDITURE ON
Raising funds 1,962 - 1,962
Charitable activities
Operation of a transport museum 95,332 1,000 96,332
Total 97,294 1,000 98,294
NET INCOME/(EXPENDITURE) (10,385) (716) (11,101)

Page 7

continued...

NORTH WEST MUSEUM OF TRANSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
Total
fund
fund
funds
£
£
£
RECONCILIATION OF FUNDS
Total funds brought forward
129,701
6,425
136,126
TOTAL FUNDS CARRIED FORWARD
119,316
5,709
125,025
13.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 April 2023
49,917
Additions
708
At 31 March 2024
50,625
DEPRECIATION
At 1 April 2023
24,052
Charge for year
4,094
At 31 March 2024
28,146
NET BOOK VALUE
At 31 March 2024
22,479
At 31 March 2023
25,865
14.
HERITAGE ASSETS
Total
£
COST
At 1 April 2021 and 31 March 2022
45,650
NET BOOK VALUE
At 31 March 2022
45,650
At 31 March 2021
45,650
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
£
£
Trade debtors
2,625
1,270
Prepayments and accrued income
-
15,293
2,625
16,563		 12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
Restricted
Total
fund
fund
funds
£
£
£
RECONCILIATION OF FUNDS
Total funds brought forward
129,701
6,425
136,126
TOTAL FUNDS CARRIED FORWARD
119,316
5,709
125,025
13.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 April 2023
49,917
Additions
708
At 31 March 2024
50,625
DEPRECIATION
At 1 April 2023
24,052
Charge for year
4,094
At 31 March 2024
28,146
NET BOOK VALUE
At 31 March 2024
22,479
At 31 March 2023
25,865
14.
HERITAGE ASSETS
Total
£
COST
At 1 April 2021 and 31 March 2022
45,650
NET BOOK VALUE
At 31 March 2022
45,650
At 31 March 2021
45,650
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
£
£
Trade debtors
2,625
1,270
Prepayments and accrued income
-
15,293
2,625
16,563
Restricted
fund
£
6,425
5,709		 Total
funds
£
136,126
125,025
Fixtures
and
fittings
£
49,917
708
50,625
24,052
4,094
28,146
22,479
25,865
Total
£
45,650
45,650
45,650
31.3.24
31.3.23
£
£
2,625
1,270
-
15,293
2,625
16,563

Page 8

continued...

NORTH WEST MUSEUM OF TRANSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
17.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 At 1.4.23
£
119,316
5,709
125,025
Incoming
resources
£
98,268
201
98,469
At 1.4.22
£
129,701
6,425
136,126		 31.3.24
31.3.23
£
£
7,631
15,899
63
246
-
480
7,694
16,625
Net
movement
At
in funds
31.3.24
£
£
6,651
125,967
201
5,910
6,852
131,877
Resources
Movement
expended
in funds
£
£
(91,617)
6,651
-
201
(91,617)
6,852
Net
movement
At
in funds
31.3.23
£
£
(10,385)
119,316
(716)
5,709
(11,101)
125,025

Page 9

continued...

NORTH WEST MUSEUM OF TRANSPORT LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 86,909 (97,294) (10,385)
Restricted funds
Restricted fund 284 (1,000) (716)
TOTAL FUNDS 87,193 (98,294) (11,101)

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 1.4.22
£
129,701
6,425
136,126		 Net
movement
in funds
£
(3,734)
(515)
(4,249)		 At
31.3.24
£
125,967
5,910
131,877

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

Unrestricted funds Incoming
Resources
resources
expended
£
£		 Movement
in funds
£
General fund 185,177
(188,911)		 (3,734)
Restricted funds
Restricted fund 485
(1,000)		 (515)
TOTAL FUNDS 185,662
(189,911)		 (4,249)

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

Page 10

NORTH WEST MUSEUM OF TRANSPORT LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

31.3.24 31.3.23
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Gifts - 1
Donations from individuals 2,055 1,015
Other trading activities 2,055 1,016
Membership Subscriptions 3,434 2,848
Shop and Cafe 14,502 12,517
Other Event Income 27,399 18,443
Investment income 45,335 33,808
Bank interest received 424 80
Charitable activities
Vehicle accommodation 43,315 44,340
RMRC Rental Income 3,750 3,750
Other Income 47,065 48,090
Other Income 175 673
Solar Power Income 2,310 2,522
RMRC Service income 1,105 1,004
3,590 4,199
Total incoming resources 98,469 87,193
EXPENDITURE
Other trading activities
Advertising 1,009 1,326
Event expenditure 2,677 636
Charitable activities 3,686 1,962
Rent 33,848 33,848
Rates and water 8,741 8,763
Insurance 7,973 7,401
Light and heat 5,018 3,874
Telephone 1,021 800
Postage and stationery 1,118 890
Sundries 11,940 8,267
Computer software and maintenance 539 592
Motor repairs and renewals 1,464 6,632
Petrol and diesel 1,323 2,183
Repairs and renewals 3,578 10,793
Cleaning 1,725 1,530
Bank charges 294 248
Credit card charges 482 308
Fixtures and fittings 4,093 5,489
83,157 91,618

This page does not form part of the statutory financial statements

Page 11

NORTH WEST MUSEUM OF TRANSPORT LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24 31.3.23
£ £
Support costs
Governance costs
Wages 2,679 2,677
Accountancy and legal fees 2,095 2,037
4,774 4,714
Total resources expended 91,617 98,294
Net income/(expenditure) 6,852 (11,101)

This page does not form part of the statutory financial statements

Page 12

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 2024. Responsibilities and basis of report As the charity's Irustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordan￿ with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that Ihe accounts of Ihe Company are not required to be audiled 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 Ihe 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= accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act,. or the accounts do not accord with those records., or the accounts do not comply wth the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view vthich is not a matter considered as part of an independent examination., or the accounts have not been prepared in accordan￿ with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}). I have no concerns and have come across no other matters in connection wlh Ihe 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 A NRB 1st Floor Waterside House Walerside Drive Wigan Lancashire WN3 5AZ 16 August 2024 Page 2