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 2024
## **SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)**
## **CONTENTS**
||Page|
|---|---|
|Reference and administration details of the|3|
|company, its Trustees and advisors||
|Trustees' Report|4|
|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 2024**
|Directors and Trustees||
|---|---|
||I H Wilson, Chairman|
||J Francis, Director of Finance|
||C E Allen|
||M A Boult (resigned 23 April 2023)|
||D G Chick|
||HE Cross|
||SP David|
||BW O'Connor|
||AW Walsh (appointed 20 November 2023)|
|Company registered|01747475|
|number||
|Charity registered|514382|
|number||
|Registered office|The Trolleybus Museum|
||Belton Road|
||Sandtoft|
||DONCASTER|
||DN8 5SX|
|Company secretary|HE Cross|
|Chief executive officer|I H Wilson|
|Accountant|David Procter|
||18 Redhill Grove|
||Chorley|
||Lancs|
||PR6 8TU|
**TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2024**
## **SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)**
The Trustees present their Report and Accounts for the year ended 31 January 2024. 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.
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.
## **c Activities undertaken to achieve objectives**
The number of opening days was increased by having full week openings during school holidays. This necessary for when we apply for larger grants.
Consideration was given to the Forward Plan and the best way to move forward. In addition, advice was sought with regards to the steps needed to be taken to increase the chances of successful funding bids.
Page 4
## **SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2024**
## **d Main activities undertaken to further the company's purposes for public benefit.**
A new telecommunications system was installed which, when fully commissioned will allow voicemail messages to be accessed remotely, ensuring a swift response to enquiries.
Work continued on the archives to further our objective to create a research facility.
Plans to enhance accessibility continue to be drawn up in consultation with several individuals and groups. Plans are in place for an accessibility audit to be carried out during the next year.
## **Achievements and performance**
## **a. Main achievements of the company**
The company has continued to attract a very respectable number of visitors despite the decrease in the disposable income of families.
## **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 £997,502
Page 5
## **SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2024**
## **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.
## **Plans for future periods**
The company has a long-term development plan to maintain and improve the infrastructure of the Museum.
In the shorter term, new attractions and facilities are scheduled to open; these include the first phase of a narrow-gauge railway, improving interpretation and a new exhibition on trolleybuses of the Don Valley.
Medium-term projects include the construction of a new entrance and car park, removing the dependency on neighbouring landowners, and a commissioning a new indoor play area housed in a former Blackpool tram.
Any recommendations from the accessibility survey and a planned structural survey of the company's existing buildings will also be implemented.
Page 6
## **SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 JANUARY 2024**
## **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).
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.
Page 7
SANDTOFf TRANSPORT CEMfRE UMrtED
(A company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 JANUARY 24
The Trustees are also responsible for mainlaining adequate accounting records
which disclose with reasonable accuracy ai any time the financial position of the
charty and which are sufficienl to show and explain the chaiitys transactions and
enable them to ensure that the financial statements comply with the Companies Act
2006 and comply with regulations made under the Charilies Acl. They are also
responsible for safeguarding the assets of the charity afKI hence for taking
reasonable steps for 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 IndeperKlent Examiner in relation to the Trustees.
report is limited to examining the report and ensuring Ihai. on the face of the report,
there are no material inconsistencies wilh the figures disclosed in the financial
statements.
Method of prepamlon of accounts- Small company provlslons
The financial staiements have been prepared implementing the FRS 102 SORP
(Staiement ol Recommended Practice for AccountirKJ arKJ ReportirMJ by Charities) 2015.
(as amended by the Bulletin issued in February 2016), {The SORP), arKI in accordance
with the Financial ReportirwJ StarKlard 102, (effective 1 st January 2016).
In preparing the report the Trustees have taken advantage of the small companies,
exemptions provided by section 415A of the Companies Act 2006.
Approved by the members of the board ol Trustees on 19 September 2024 and signed on
their behalf by:
H E Cross
Secretary
Page 8
## **SANDTOFT TRANSPORT CENTRE LIMITED**
**(A company limited by guarantee)**
**Report of the Independent Examiner on the accounts**
**for the year ended 31 January 2024**
I report to the charity trustees on my examination of the accounts for the year ended 31 January 2024
## **Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report**
As described in the directors report, you the charities trustees , who are also the Directors of the company for the purposes of company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to small entities, and for being satisfied that the financial statements give a true and fair view.
Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-
- a) examine the financial statements of the charity under section 145 of the Act,
- b) follow the applicable procedures in the Directions given by the Charity Commissioners under section 145(5)(b) of the Act
## **Independent Examiner's Statement, Report and Opinion**
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 charity as required by section 386 of the Companies Act 2006 and section 130 of the Charities Act 2011
the accounting records do not accord with those records
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 other than any requirement that the accounts give a rue and fair view which is not a matter considered as part of an independent examination
have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (the SORP)
I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
David Procter - Independent Exanminer Member of the Chartered Association of Certified Accountants 18 Redhill Grove, Chorley, PR6 8TU
This report was signed on 19 September 2024
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 2024**
|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
Printing, Postage and Staty
Motor Expenses
Accountancy Fees
Bank Charges
Depreciation
General Expenses
**Total expenditure**
**Net Movement in funds**
**Total funds brought forward**
Net movement in funds
**Total funds carried forward**|Restricted
funds
2024
£
70,873
-
-
-
70,873
-
-
-
-
-
-
33,350
-
-
-
-
-
-
33,350
37,523
111,413
37,523
148,936|Unrestricted
funds
2024
£
202,167
30,276
85,712
3,575
321,730
18,064
15,158
10,459
8,684
19,684
12,488
39,521
1,592
2,819
1,818
1,695
2,260
17,674
1,114
153,030
168,700
886,090
168,700
1,054,790|Total funds
2024
£
273,040
30,276
85,712
3,575
392,603
18,064
15,158
10,459
8,684
19,684
12,488
72,871
1,592
2,819
1,818
1,695
2,260
17,674
1,114
186,380
206,223
997,503
206,223
1,203,726|Total
funds
2023
£
89,943
35,005
68,689
284|
|---|---|---|---|---|
|||||193,920|
|||||12,231
9,246
22,211
10,979
14,208
7,101
58,646
1,040
1,504
501
1,579
1,866
17,177
2,913|
|||||161,202|
||||||
|||||32,718|
|||||964,784
32,718|
|||||997,502|
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 2022 (PRIOR YEAR)**
|Note
**Income from:**
Donations and Legacies
Charitable activities
Other trading activities
Investment income
**Total income**
**Expenditure on:**
Raising Funds
Cost of sales
Publicity
Museum opening costs
Charitable activities
Rent and Rates
Insurance
Power
Repairs and Renewals
Telephone
Printing, Postage and Staty
Motor Expenses
Accountancy Fees
Bank Charges
Depreciation
General Expenses
**Total expenditure**
Net Movement in funds
Total funds brought forward
Net movement in funds
Total funds carried forward|Restricted
funds
2023
£
33,129
-
-
-
33,129
-
-
-
-
-
-
43,905
-
-
-
-
-
-
-
43,905
(10,776)
122,189
(10,776)
111,413|Unrestricted
funds
2023
£
56,814
35,005
68,689
284
160,791
12,231
9,246
22,211
10,979
14,208
7,101
14,741
1,040
1,504
501
1,579
1,866
17,177
2,913
117,297
43,495
842,595
43,495
886,090|Total funds
2023
£
89,943
35,005
68,689
284|
|---|---|---|---|
||||193,920|
||||12,231
9,246
22,211
10,979
14,208
7,101
58,646
1,040
1,504
501
1,579
1,866
17,177
2,913|
||||161,202|
|||||
||||32,718|
||||964,784
32,719|
||||997,503|
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
SANDTOFf TRANspoKf CEKfRE LIMrrED
(A company Ilmlted by guarantee)
REGISTERED NUMBER 01747475
BALANCE SHEEr
AS AT 31 JANUARY 2tr24
2024
2023
Note
Flxed Assets
Tangible Assets
10
857,183
Curreni Assets
Stocks
Deblors
Cash at bank and in harKI
737
156,711
158,948
334.982
336,482
Creditors: amounts fallir¥J due
within one year
13
(32,562)
(18,630)
303,920
140,318
Total assets less current Ilabilities
1.203.726
997,501
Total nel assets
1,203,726
997.501
Charlty funds
Restricted lurKIs
Unrestricted funds
Total funds
14
148.936
1,054,790
1,203.726
111,413
886,088
997.501
The company was entitled to exemption from audit urKler section 477 of the Companies Act
The members have not required the company to obtain an audit for the year in accordance
wtth section 476 of the Companies Act 2006.
The Trustees acknowledge their responsibilities for coMpl.ng with the requirements of the
Act with respect lo accounting records preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to
entities subject to the small companies regime.
The financial statements were approved and authorised for Issue by the Trustees on 19
September 2024 and were signed on their behalf by
J Francis
Director of Finance
Page 12
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024**
**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
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024**
**SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)**
## 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.
Page 14
**SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024**
## 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
Total
funds
**2024**
**2024**
**2024**
**£**
**£**
**£**
Donations
70,873
202,167
273,040
**Income from charitable activities**
Museum operation
-
30,276
30,276
**Income from other trading activities**
Charity trading income
-
-
Cost of sales
-
-
-
-
-
**Investment income**
Bank interest
-
49
49
**Expenditure on raising funds**
5,445
5,445
**Independent Examiner's remuneration**
Fees payable to the company's independent examiner in
respect of taxation services not included above.
Costs of raising
voluntary income
Fees payable to the company's independent examiner for the
independent examination of the company's annual accounts.|Restricted
funds
**2023**
**£**
17,849
-
-
-
-
-|Unrestricted
funds
**2023**
**£**
56,814
68,689
44,292
6,391
37,901
517
6,575
**2024**
**£**
1,500
-|Total
funds
**2023**
**£**
74,663|
|---|---|---|---|
||||68,689|
||||44,292
6,391|
||||37,901|
||||517|
||||6,575|
||||2023
£
1,500
-|
## **4 Income from charitable activities**
## **5 Income from other trading activities**
## **6 Investment income**
## **7 Expenditure on raising funds**
## **8 Independent Examiner's remuneration**
Page 15
**SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024**
## **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 2023
Additions
Disposals
At 31 January 2024
**Depreciation**
At 1 February 2023
Charge for the year
At 31 January 2024
**Net Book Value**
At 31 January 2024
At 1 February 2023
**11**
**Stocks**
Finished Goods and Goods for resale
**12**
**Creditors: amounts falling due within one year**
Other debtors
**13**
**Creditors: amounts falling due within one year**
Bank overdrafts
Accruals and deferred income
Deferred income|**Freehold**
**property**
**£**
777,756
19,887
-
797,643
-
-
-
797,643
777,756|**Plant and**
**machinery**
**£**
250,180
40,409
-
290,590
170,753
17,674
188,427
102,163
79,427
**2024**
**£**
1,500
**2024**
**£**
-
-
**2024**
**£**
7,962
24,600
32,562|**Total**
**£**
1,027,936
60,296
-|
|---|---|---|---|
||||1,088,233|
||||170,753
17,674|
||||188,427|
||||899,806|
||||857,183|
||||**2023**
**£**
1,500
**2023**
**£**
737|
||||737|
||||**2023**
**£**
7,965
10,665|
||||18,630|
Page 16
**SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024**
## **14 Statement of funds**
Statement of funds - current year
|Balance at
1 February
2023
£
Unrestricted funds
Reserves
842,593
Restricted Funds
Vehicle restricted fund
46,518
Development restricted fund
75,671
122,189
Total Funds
964,782
**Statement of funds - prior year**
Balance at
1 February
2022
£
Unrestricted funds
Reserves
819,366
Restricted Funds
Vehicle restricted fund
69,666
Development restricted fund
75,090
144,756
Total Funds
964,122|Income
£
321,730
70,873
70,873
392,603
Income
£
168,193
34,377
581
34,958
203,151|Expenditure
£
(153,030)
(33,350)
(33,350)
(186,380)
Expenditure
£
(144,966)
(57,525)
-
(57,525)
(202,491)|Balance at
31 January
2024
£
1,011,293|
|---|---|---|---|
||||84,041
75,671|
||||159,712|
||||1,171,005|
||||Balance at
1 February
2023
£
842,593|
||||46,518
75,671|
||||122,189|
||||964,782|
Page 17
**SANDTOFT TRANSPORT CENTRE LIMITED (A company limited by guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024**
## **15 Analysis of net assets between funds**
Analysis of net assets between funds - current period
|Tangible fixed assets
Current assets
Creditors: amounts falling due
within one year
Total|Restricted
funds
2024
£
-
148,936
-
148,936|Unrestricted
funds
2024
£
899,806
187,546
(32,562)
1,054,790|Total funds
2024
£
899,806
336,482
(32,562)|
|---|---|---|---|
||||1,203,726|
Analysis of net assets between funds - prior period
|Analysis of net assets between funds - prior|period|||
|---|---|---|---|
|Tangible fixed assets
Current assets
Creditors: amounts falling due
within one year
Total|Restricted
funds
2023
£
-
111,413
-
111,413|Unrestricted
funds
2023
£
857,183
47,535
(18,630)
886,088|Total funds
2023
£
857,183
158,948
(18,630)|
||||997,501|
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