Registered number 01747475 Charity number 514382
SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)
UNAUDITED
TRUSTEE REPORT AND FINANCIAL STATEMENTS FOR THE FOR THE YEAR ENDED 31 JANUARY 2022
SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administration details of the | 2 |
| company, its Trustees and advisors | |
| Trustees' Report | 3 |
| Independent examiner's report | 9 |
| Statement of financial activities | 10 |
| Balance sheet | 12 |
| Notes to the financial statements | 13 |
SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)
REFERENCE AND ADMINISTRATION DETAILS OF THE COMPANY ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JANUARY 2022
Directors and Trustees I H Wilson, Chairman J Francis, Director of Finance F Terry, Secretary (appointed 6 December 2021) C E Allen M A Boult (appointed 22 November 2021) D G Chick (appointed 22 November 2021) SP David AG Ferris (resigned 22 November 2021) DS Hanchett (resigned 22 November 2021) J Spencer (resigned 22 November 2021) Company registered 01747475 number Charity registered 514382 number Registered office The Trolleybus Museum Belton Road Sandtoft DONCASTER DN8 5SX Company secretary J Spencer (resigned 22 November 2021) F Terry (appointed 6 December 2021) Chief executive officer I H Wilson Accountant David Procter 18 Redhill Grove Chorley Lancs PR6 8TU
TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2022
SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)
The Trustees present their Report and Accounts for the year ended 31 January 2022. This is also the Directors Report required by the Companies Act 2006.
The Trustees confirm that the Annual Report and Financial Statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Accounting Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS102) ((effective 1 January 2015).
Objectives and activities
a Policies and objectives
The primary policy during the year was to ensure the long term survival of the museum in what were unprecendented circumstances.
The principal objective of the company throughout the year was the operation of a National Trolleybus Museum. Over the years the company has been involved in the restoration of many historic Trolleybuses and their display, along with related material, to the public at its museum at Sandtoft.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance "Public benefit: running a charity (PB2).
b Strategies for achieving objectives
Strategies during the year were focussed on ensuring the long term survival of the museum and its exhibits.
The Museum is accredited by the Arts Council and has a five year Forward Plan to cover the period 2019 to 2024. The Pandemic has had an impact on the delivery of the Plan and the Arts Council have revised their programme for reaccreditation.
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SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2022
c Activities undertaken to achieve objectives
A very close control over spending was continued with only essential expenditure being approved. Strenuous efforts were made to ensure the museum received all the grants for which it qualified.
Further progress has been made with progressing the construction of the "North Depot" despite being hampered at times by both national and local restrictions.
d Main activities undertaken to further the company's purposes for public benefit.
Despite the continuing pandemic the Museum was able to open to the public, albeit later than usual. Investment was made in screens for public-facing locations along with floor markings and limiting the number of people in enclosed spaces.
Work continued on the archives to further our objective to create a research facility.
Broadband, upgraded tills and new card readers were installed to the retail locations. The card readers are linked to the tills making card transactions much easier and faster thus improving the experience for visitors.
The software with the new tills provides much needed data to improve planning which will enhance the visitor experience.
Plans to enhance accessibility are being drawn up.
Achievements and performance
a. Main achievements of the company
Revised plans for the North Depot (to be called ‘The David Croft Depot’) were drawn up and were granted planning approval enabling construction during 2022.
Planning approval was obtained for the new Museum entrance (The Gateway Project).
The sale of the old Chapel at Westgate was completed providing funds to enable the construction of the North Depot.
Work continued on Johannesburg 589 with fundraising being planned to continue the restoration
Page 4
SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2022
Financial review
a Going concern
After making appropriate enquiries, the Trustees are of the view that the charity is a going concern and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
b Reserves
Reserves are needed to bridge the gap between receiving income and spending and to cover unplanned emergency repairs and other expenditure. The Trustees consider that there are sufficient reserves as the year end, total reserves amounted to £964,784
Structure, governance and Management
a Constitution
Sandtoft Transport Centre Ltd is a charitable company limited by guarantee.
The company is constituted under a Memorandum of Association dated 22 August 1983 and is a registered charity number 514382.
b Methods of appointment or election of Trustees
The management of the company is the responsibility of the Trustees who are elected or co-opted under the terms of the Articles of Association.
c Organisational structure and decision-making policies
The management of the company is the responsibility of the Directors.
d Financial risk management
The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems are in place to mitigate exposure to the major risks.
Page 5
TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2022
SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)
Plans for future periods
Construction of the David Croft Depot will be completed before the end of 2022 and plans have been made for the commencement of construction of the Sandtoft District Railway during the coming year.
Increasing the number of days we are open is a priority. Plans are being made for a full week of opening during 2022.
Having obtained funding, a new exhibition is being planned in what was the Family Room. This will be a permanent exhibition of The Trolleybuses of the Humber, covering Hull, Grimsby and Cleethorpes. Discussions have taken place to use the remaining space for a Trolleybuses of the Don exhibition featuring Doncaster, Mexborough and Swinton and Rotherham.
Fundraising opportunities for priority projects are being explored.
Statement of the Directors' and Trustees' Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), .
Page 6
TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2022
SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
-
to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
Page 7
sANDT0 TRANSPORT CEP¥tRE UMITED (A ¢ompany limitod by guararrtet) TRUSTEES. REPORT FOR THE YEAR ENDED 31 JANUARY 2022 The ffn8nc#al statements have been prepared m1Yemenb the FRS I2 SORP {Stalemenl ol Recommended Praclico for AcccMJnliry aF¥J Repx)rtiThJ by Chariknes) 2015. {as amertd8d by the Bullets'n i8sued in Febntary 20161. Tr SOAPI. arnl in a(xy)rdan( wilh the Finanual Rqp)rtiry StarKlard 102. lefftttive 1st JaThw20161 In preiiariry the report the Trustees have tsken a¢fvantagè ot the smau MpanIeS, exemptions prowd¢d by ser*on 41SA ol the cOmFweS Act 2W6. Approved bythe membets of thè bjard ol Tntstees cffi 17 2022 aTrY ggn8d on their bèhalf by: F Terry Secretary Page 8
(A ¢¢mp•ny Ilmlted by guwant••) for the yur enthd 31 J•ntsry I report lo the charity truslees my examination d the wjunts fty thè year 31 January 2022 A8$pectl¥e respoMlblllUo8 of th• Tru¥1 and th• Indwthnl Examlner and th• b•#l• ol the report As described in the dirrS report, the charibes Injstees, also the Dlreclors of the company lor the purFQ5es of company law, are iesponsitAe lor the kvgparatton of the financial statements in accordance ilh the Companies Act 2(Th, the Charitr"es Act 2011 aThJ l other apF4ice law a1 vitth lfjryjom Generally Actepknj Accountiro Pra¢bc&, appIa4e to srnall enbbes. beiTh3 sattsfied th the finar statements gwe a true and lair wew. Hawng satithd mysell that the Stat9M ar8 rN)t rgJuiT&J to be avjited urKler any legal provtsion, or other•ise. aThJ are elvJrlYe ts irxjeF examrnabon. it is my resF¢Jn$its'lrty lo=. al examine Ihe finaTh) statemerts ol Ihe thanty uThJer s•lb)n 145 of the A bl I10 thè apwicthe wc¢&lur8s in the Directio gN8n by Ihe Charity Commissioners urMJer secbon 145(5)Ibl of the A¢a I have comFletgJ my examsnab"on. I confirm that no matters have )me to my attention in ¢onrction ¥thh the exarninab gi¥iThJ me CaL ty belaeve.. accounting records were nol kept in respe ol ihe charity as required by section 386 01 the Companies Act 2CQ6 aThJ section 130 of the Charities Act 2011 the acuunting records do not acc tmth those rer£rds the linanual statements do comply with thè wu1rnmts cwtemiThJ fomi and content ol ants set out in bon 396 of the Companies 2[ other than any requirement that Ihe accounts gNe a rue a1 lair view hith is not a matter considered as part of an examination have rKJt begn prepared in ac0)rdae V•ith the m&tWs aTrJ pr1¥$ out in Ihe FRS 102 SORP Iststement ol Reo)mmerthd Pracb( lor A0?nts.J a1 Rw)rtiTr3 by Charibesl 2015 lthe SIP) I have no cOrmS and have ojme across no matters in cOnnbOn ryth the examtnation lo vthich attention shoukl be drawn in Ihis rewrt in ordgr to enatde a Fyopef UEJeTStandirg of tho financiaj talements lo be reached. DavKI Procter. lTrJeKw*Jent Exanminer Mernter of the Charter•J Assou"ab"on ol Certified A¢cthntsnts 18 R&lhill Glove, Chorfey, PR6 8TU This report WAS swJwl on 17 SerAember 2022 Page 9
SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JANUARY 2022
| Note Income from: Donations and Legacies 3 Charitable activities 4 Other trading activities 5 Investment income 6 Total income Expenditure on: Raising Funds Cost of sales Publicity Museum opening costs Charitable activities Rent and Rates Insurance Power Repairs and Renewals Telephone Motor Expenses Accountancy Fees Bank Charges Depreciation Total expenditure Net Movement in funds Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2022 £ 34,958 - - - 34,958 - - - - - - 57,525 - - - - - 57,525 (22,567) 144,756 (22,567) 122,189 |
Unrestricted funds 2022 £ 75,047 48,807 44,292 49 168,195 6,391 5,445 29,725 11,073 6,178 5,542 63,861 605 1,014 4,182 784 10,166 144,966 23,229 819,366 23,229 842,595 |
Total funds 2022 £ 110,005 48,807 44,292 49 203,153 6,391 5,445 29,725 11,073 6,178 5,542 121,386 605 1,014 4,182 784 10,166 202,491 662 964,122 662 964,784 |
Total funds 2021 £ 93,857 38,805 7 517 |
|---|---|---|---|---|
| 133,186 | ||||
| - 6,575 22,233 5,378 15,325 4,299 77,808 661 39 3,050 1,857 16,132 |
||||
| 153,357 | ||||
| (20,171) | ||||
| 984,293 (20,171) |
||||
| 964,122 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 13 to 18 form part of these financial statements.
Page 10
SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 JANUARY 2021 (PRIOR YEAR)
| Note Income from: Donations and Legacies Charitable activities Other trading activities Investment income Total income Expenditure on: Raising Funds Publicity Museum opening costs Charitable activities Rent and Rates Insurance Power Repairs and Renewals Telephone Motor Expenses Accountancy Fees Bank Charges Depreciation Total expenditure Net Movement in funds Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2021 £ 21,640 - - - 21,640 - - - - - 61,660 - - - - - 61,660 (40,020) 184,776 (40,020) 144,756 |
Unrestricted funds 2021 £ 72,217 38,805 7 517 111,546 6,575 22,233 5,378 15,325 4,299 16,148 661 39 3,050 1,857 16,132 91,697 19,849 799,517 19,849 819,366 |
Total funds 2021 £ 93,857 38,805 7 517 |
|---|---|---|---|
| 133,186 | |||
| 6,575 22,233 5,378 15,325 4,299 77,808 661 39 3,050 1,857 16,132 |
|||
| 153,357 | |||
| (20,171) | |||
| 984,293 (20,171) |
|||
| 964,122 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 13 to 18 form part of these financial statements.
,
Page 11
{A compjny Ilmlted by grat99) REGISTERED NUIJJBER 01747475 BALANCE SHEEr AS AT 31 J)lUARy 2022 41 2021 Flxed Assets Tangible Assets 10 669.827 711,015 Siks Cash al bank aThJ Ki ha1 313.461 275.631 314.961 277.131 CrthJitoTS'. amounts lalliro due within one year 12 {20.CMJ41 124.ff24} Not curv•nt Msets 294.957 253.107 Total u8ets lem ¢urr•nt Il•blllll•s 964.784 964.122 Tol•l nel asaets 964.122 Ch•rSty Restricted funds Unrestricted lur Totsl funds 13 122.189 842,595 964,784 144.756 819,366 964,1Z2 The company was entitl&l to exempli1 fr(wn a1 urthr SKtI 477 of Companbgs Acl Th& memtws have not wuirffll the company to cthn an the ypar in acayd with section 476 of ts c(panieS Aet . A with resp8Ct lo acwJnh"ThJ rowds aTrJ weparatbM ol finaNial statements. The linanual statements have wepar&J in accord with thè wovisws aFWicablè to ent8$ subiect to the Sm1 ¢xMnpans rwme. Septemtf 2022 aNI were shjwl their behall by J Frnnds Director of Finar P0 12
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022
SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)
1 General information
The company is incorporated under the Companies Act and is a registered charity number 514382. It was constituted under a Memorandum of Association dated 22 August 1983 and is governed by Articles of Association.
In the opinion of the directors the charity meets the definition of a public benefit entity under FRS 102
2 Accounting policies
- 2.1 Basis of preparation of financial statements
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, and the Charities SORP Accounting and Reporting by Charities (effective 1 January 2015), and in accordance with all applicable law in England and Wales.
2.2 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of the income can be measured reliably.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved undertaking in each activity.
Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of an assets use.
Expenditure on raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs of all fundraising activities, events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.4 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
Page 13
SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022
2.5 Tangible Fixed Assets and depreciation
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the assets can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets over their estimated useful lives.
Depreciation is provided on the following basis
Plant and machinery 20% straight line
2.6 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost incudes all direct costs and an appropriate proportion of fixed and variable overheads.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.9 Financial instruments
The company only has financial assets and financial liabilities of a kind which qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and are subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
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SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each fund is set out in the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
3 Income from donations and legacies
| Restricted funds Unrestricted funds 2022 2022 £ £ Donations 34,958 75,047 Income from charitable activities Museum operation - 48,807 Income from other trading activities Charity trading income - 44,292 Cost of sales - 6,391 - 37,901 Investment income Bank interest - 49 Expenditure on raising funds 5,445 Costs of raising voluntary income |
Total funds 2022 £ 110,005 48,807 44,292 6,391 37,901 49 5,445 |
Restricted funds 2021 £ 21,640 - - - - - |
Unrestricted funds 2021 £ 72,217 38,805 7 - 7 517 6,575 |
Total funds 2021 £ 93,857 |
|---|---|---|---|---|
| 38,805 | ||||
| 7 - |
||||
| 7 | ||||
| 517 | ||||
| 6,575 |
4 Income from charitable activities
5 Income from other trading activities
6 Investment income
7 Expenditure on raising funds
- 8 Independent Examiner's remuneration
| Independent Examiner's remuneration | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Fees payable to the company's independent examiner for the | ||
| independent examination of the company's annual accounts. | 1,500 | 2,750 |
| Fees payable to the company's independent examiner in | ||
| respect of taxation services not included above. | - | 300 |
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SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022
9 Trustees remuneration and expenses
During the year, no trustees or persons connected with them received any remuneration from the charity or any related entity.
During the year, no trustees or persons connected with them received any expenses from the charity or any related entity.
10 Tangible Fixed Assets
| Cost or valuation At 1 February 2021 Additions Disposals At 31 January 2022 Depreciation At 1 February 2021 Charge for the year At 31 January 2022 Net Book Value At 31 January 2022 At 31 January 2021 11 Stocks Finished Goods and Goods for resale 12 Creditors: amounts falling due within one year Bank overdrafts Accruals and deferred income Deferred income |
Freehold property £ 662,618 - (80,000) 582,618 - - - 582,618 662,618 |
Plant and machinery £ 191,807 48,978 - 240,785 143,410 10,166 153,576 87,209 48,397 2022 £ 1,500 2022 £ 17,304 2,700 20,004 |
Total £ 854,425 48,978 (80,000) |
|---|---|---|---|
| 823,403 | |||
| 143,410 10,166 |
|||
| 153,576 | |||
| 669,827 | |||
| 711,015 | |||
| 2021 £ 1,500 2021 £ 24,024 - |
|||
| 24,024 |
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SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022
13 Statement of funds
Statement of funds - current year
| Balance at 1 February 2021 £ Unrestricted funds Reserves 819,366 Restricted Funds Vehicle restricted fund 69,666 Development restricted fund 75,090 144,756 Total Funds 964,122 Statement of funds - prior year Balance at 1 February 2020 £ Unrestricted funds Reserves 799,517 Restricted Funds Vehicle restricted fund 111,474 Development restricted fund 73,302 184,776 Total Funds 984,293 |
Income £ 168,193 34,377 581 34,958 203,151 Income £ 111,546 19,852 1,788 21,640 133,186 |
Expenditure £ (144,966) (57,525) - (57,525) (202,491) Expenditure £ (91,697) (61,660) - (61,660) (153,357) |
Balance at 31 January 2022 £ 842,593 |
|---|---|---|---|
| 46,518 75,671 |
|||
| 122,189 | |||
| 964,782 | |||
| Balance at 31 January 2021 £ 819,366 |
|||
| 69,666 75,090 |
|||
| 144,756 | |||
| 964,122 |
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SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2022
14 Analysis of net assets between funds
| Analysis of net assets between funds - current period Restricted funds 2022 £ Tangible fixed assets - Current assets 122,189 Creditors: amounts falling due - within one year Total 122,189 Analysis of net assets between funds - prior period Restricted funds 2021 £ Tangible fixed assets - Current assets 144,756 Creditors: amounts falling due - within one year Total 144,756 |
Unrestricted funds 2022 £ 669,827 192,772 (20,004) 842,595 Unrestricted funds 2021 £ 711,015 132,375 (24,024) 819,366 |
Total funds 2022 £ 669,827 314,961 (20,004) |
|---|---|---|
| 964,784 | ||
| Total funds 2021 £ 711,015 277,131 (24,024) |
||
| 964,122 |
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