OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

’ ’ TRUSTEES (DIRECTORS ) ANNUAL REPORT – YEAR ENDING 31.3.2022

In accordance with the requirements of the Charity Commission we are providing details that extend the information available from the annual accounts prepared to the statutory requirements of Companies House. The governing document for the Company is the Memorandum and Articles of Association. The Charity’s main function is to operate a commercial road transport museum. The premises that were moved into in late 2012 continue to see significant work done by a very willing band of volunteers, but that has to be tempered by the continuing lack of a long-term lease which restricts security of tenure. The museum continues to open to the public 3 days per week throughout the year, though this review year has also seen severe restrictions on opening due to the Covid pandemic as was reported last year. The downside of the building remains that access for double-deck buses is restricted and also for longer single-deckers as there are height restrictions and also the building is split into 3 sections. This has meant further vehicles are having to be stored at other premises at additional rental costs, but some smaller commercial vehicles and similar have been loaned to us, with the owners paying an appropriate rental charge.

The Museum’s policy is to exhibit commercial road transport vehicles constructed in part, or in whole, or else spending the bulk of their working lives in the West Midlands, together with commercial and passenger road transport related artefacts. Workshop facilities are relatively limited but some vehicle projects continue to move on with the assistance from a number of volunteers that have come from the local area. The policy continues to be to restore these to the most appropriate condition of their time in service, e.g.some buses can be restored to original condition and appearance, but others will be kept in as withdrawn condition. This applies to the commercial vehicles in the collection as well.

Where major items, such as a new vehicle exhibit, are to be considered, then this will take place at the regular board (committee) meetings, held, normally, on a monthly basis. Items that are of a greater urgency either dealt with by the Directors’ present on site on working days, or else by telephoning or emailing around to obtain a consensus. With the issues of meeting in person because of pandemic restrictions, the use of Zoom for meetings was initiated last year and continued into this year to ensure that regular meetings could continue to take place. The policy stated in the paragraph above has been constant for many years.

During the review year the Museum was open intermittently to the public owing to restrictions from Government and those events held were on a low key, generally, though we had to cancel one event at the last minute due to a Covid outbreak amongst our volunteers. This resulted in overall visitor numbers only reaching just under 2000 for the year, under half of what would normally have been expected. In general, the trend has seen lower visitor numbers following the move from Birmingham; we continue to look for additional ideas to bring the museum to a wider audience. Pressure on funds continues, and involvement in the Heritage Compass scheme, itself backed by NLHF, has given some renewed vigour to our efforts to find a permanent solution. There was some further funding through the Government during this latest review period and we also benefited from a legacy from a local person. This has continued to secure the museum’s short-term future but the underlying problem of continuing to be liable for a significant rent continues. Dialogue continues with the local authority, Walsall MBC, and this has been assisted again through the Heritage Compass scheme that has provided a couple of consultants to advise and assist further on a no cost basis. With a paucity of attractions within the Borough, and HLF acknowledgement of overall underfunding in our area, there is clearly a desire to try to retain our museum but it is unlikely that direct funding will be available to cover the ongoing short-fall. While day to day costs have tended to stabilise, we continue to use ongoing cashflow projections which are compared to actual costs to try to ensure that the museum is run as efficiently as it can be, financially.

The trustee situation has improved with a new trustee appointed in January. However, we continue to acknowledge the need to strengthen the Board in certain areas, though the issue of finding the right candidates remains.

The assets of the Company, apart from cash and stock for the in-house Museum shop, are mainly made up of vehicles, many of which were donated. All Museum owned vehicles available for the free services provided on event days are maintained to Class V MOT standard, where required by law. We do not hold an operator’s licence, although we have continued to review this, we have continued our policy of operating Museum vehicles on a free to board basis. The valuation of all Museum owned vehicles is reviewed annually by the Directors’ who place a consensus valuation on each vehicle, this being at our accountant’s recommendation.

The continuing financial uncertainty has meant that we continue to not have a specific Charity reserve, although there are available funds in the vehicle restoration fund that could be used to move museum assets to more suitable premises, should that need arise. We do not receive any Local Authority funding but we continue to receive significant moral support that will be utilised in funding bids to other organisations if at all practical.

Additional monies continue to be used towards vehicle renovation, some of which are long-term, and some of these projects are being supported from members / friends. Donations for the use of our vehicles for other purposes are normally requested and the funds raised are used for the renovation work or for general museum fundraising. They could not be used to offset the operational costs of the vehicles. Membership of the Museum is solely of the Company and membership total remains around 100, though this continues to decline year on year and, to an extent, reflects the age-profile. The Museum also has a support base for vehicle owners’ where additional accommodation is available and these owners are also members of the Museum Company. This will ensure that a potential source of new trustees/directors is always available to us, though subject to the comments above. The trustees continue to review this to ensure continuity in the future.

4th July 2022

R.H. Gray Financial Director

Aston Manor Road Transport Museum Limited

Charity No. 519216

Company No. 02114878

Trustees' Report and Unaudited Accounts

31 March 2022

Aston Manor Road Transport Museum Limited Contents

Pages
Trustees' Annual Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Summary Income and Expenditure Account 7
Balance Sheet 8 to 9
Statement of Cash flows 10
Notes to the Accounts 11 to 18
Detailed Statement of Financial Activities 19 to 21

Page 1

Aston Manor Road Transport Museum Limited Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 02114878

Charity No. 519216

Registered Office

4 Baxter Court 96 School Road Moseley Birmingham West Midlands B13 9TP

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

G. Adkins A. Beattie J. Beech A.L. Bishop M.J. Fisher R.H. Gray

Company Secretary

A.L. Bishop

Accountants

Ian Richmond Limited Church Cottage Church Road Tettenhall West Midlands WV6 9AJ

OBJECTIVES AND ACTIVITIES

Page 2

Aston Manor Road Transport Museum Limited Trustees Annual Report

The Charity’s main function is to operate a commercial road transport museum. The premises that were moved into in late 2012 continue to see significant work done by a very willing band of volunteers, but that has to be tempered by the continuing lack of a long-term lease which restricts security of tenure. The museum continues to open to the public 3 days per week throughout the year, though this review year has also seen severe restrictions on opening due to the Covid pandemic as was reported last year. The downside of the building remains that access for double-deck buses is restricted and also for longer single-deckers as there are height restrictions and also the building is split into 3 sections. This has meant further vehicles are having to be stored at other premises at additional rental costs, but some smaller commercial vehicles and similar have been loaned to us, with the owners paying an appropriate rental charge.

The Museum’s policy is to exhibit commercial road transport vehicles constructed in part, or in whole, or else spending the bulk of their working lives in the West Midlands, together with commercial and passenger road transport related artefacts. Workshop facilities are relatively limited but some vehicle projects continue to move on with the assistance from a number of volunteers that have come from the local area. The policy continues to be to restore these to the most appropriate condition of their time in service, e.g. some buses can be restored to original condition and appearance, but others will be kept in as withdrawn condition. This applies to the commercial vehicles in the collection as well.

Where major items, such as a new vehicle exhibit, are to be considered, then this will take place at the regular board (committee) meetings, held, normally, on a monthly basis. Items that are of a greater urgency either dealt with by the Directors’ present on site on working days, or else by telephoning or emailing around to obtain a consensus. With the issues of meeting in person because of pandemic restrictions, the use of Zoom for meetings that was initiated last year and continued into this year to ensure that regular meetings could continue to take place. The policy stated in the paragraph above has been constant for many years.

ACHIEVEMENTS AND PERFORMANCE

During the review year the Museum was open intermittently to the public owing to restrictions from Government and those events held were on a low key, generally, though we had to cancel one event at the last minute due to a Covid outbreak amongst our volunteers. This resulted in overall visitor numbers only reaching just under 2000 for the year, under half of what would normally have been expected. In general, the trend has seen lower visitor numbers following the move from Birmingham; we continue to look for additional ideas to bring the museum to a wider audience. Pressure on funds continues, and involvement in the Heritage Compass scheme, itself backed by NLHF, has given some renewed vigour to our efforts to find a permanent solution. There was some further funding through the Government during this latest review period and we also benefited from a legacy from a local person. This has continued to secure the museum’s short-term future but the underlying problem of continuing to be liable for a significant rent continues. Dialogue continues with the local authority, Walsall MBC, and this has been assisted again through the Heritage Compass scheme that has provided a couple of consultants to advise and assist further on a no cost basis. With a paucity of attractions within the Borough, and HLF acknowledgement of overall under-funding in our area, there is clearly a desire to try to retain our museum but it is unlikely that direct funding will be available to cover the ongoing short-fall. While day to day costs have tended to stabilise, we continue to use ongoing cashflow projections which are compared to actual costs to try to ensure that the museum is run as efficiently as it can be, financially.

The trustee situation has improved with a new trustee appointed in January. However, we continue to acknowledge the need to strengthen the Board in certain areas, though the issue of finding the right candidates remains.

FINANCIAL REVIEW

Page 3

Aston Manor Road Transport Museum Limited

Trustees Annual Report

The assets of the Company, apart from cash and stock for the in-house Museum shop, are mainly made up of vehicles, many of which were donated. All Museum owned vehicles available for the free services provided on event days are maintained to Class V MOT standard, where required by law. We do not hold an operator’s licence, although we have continued to review this, we have continued our policy of operating Museum vehicles on a free to board basis. The valuation of all Museum owned vehicles is reviewed annually by the Directors’ who place a consensus valuation on each vehicle, this being at our accountant’s recommendation.

The continuing financial uncertainty has meant that we continue to not have a specific Charity reserve, although there are available funds in the vehicle restoration fund that could be used to move museum assets to more suitable premises, should that need arise. We do not receive any Local Authority funding but we continue to receive significant moral support that will be utilised in funding bids to other organisations if at all practical.

PLANS FOR FUTURE PERIODS

Additional monies continue to be used towards vehicle renovation, some of which are long-term, and some of these projects are being supported from members / friends. Donations for the use of our vehicles for other purposes are normally requested and the funds raised are used for the renovation work or for general museum fundraising. They could not be used to offset the operational costs of the vehicles.

STRUCTURE, GOVERNANCE AND MANAGEMENT

In accordance with the requirements of the Charity Commission we are providing details that extend the information available from the annual accounts prepared to the statutory requirements of Companies House.

The governing document for the Company is the Memorandum and Articles of Association.

Membership of the Museum is solely of the Company and membership total remains around 100, though this continues to decline year on year and, to an extent, reflects the age-profile. The Museum also has a support base for vehicle owners’ where additional accommodation is available and these owners are also members of the Museum Company. This will ensure that a potential source of new trustees/directors is always available to us, though subject to the comments above. The trustees continue to review this to ensure continuity in the future.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

A.L. Bishop Company Secretary 13 September 2022

Page 4

Aston Manor Road Transport Museum Limited Independent Examiners Report

Independent Examiner's Report to the trustees of Aston Manor Road Transport Museum Limited

I report to the charity trustees on my examination of the financial statements of Aston Manor Road Transport Museum Limited for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

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

Having satisfied myself that the financial statements of the charity 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 financial statements 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

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 financial statements to be reached.

Ian Richmond ICAEW Ian Richmond Limited Church Cottage Church Road Tettenhall West Midlands WV6 9AJ 13 September 2022

Page 5

Aston Manor Road Transport Museum Limited Statement of Financial Activities

for the year ended 31 March 2022

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Other
8
Total
Expenditure on:
Raising funds
9
Charitable activities
10
Other
11
Total
Net gains on investments
Net income
12
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Gains on revaluation of
fixed assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2022
£
46,453
20,008
6,309
232
16,000		 Restricted
funds
2022
£
-
-
-
-
-		 Total funds
2022
£
46,453
20,008
6,309
232
16,000		 Total funds
2021
£
5,307
9,413
1,203
236
69,000
89,002
1,005
12,691
46,198		 -
-
-
1,009		 89,002
1,005
12,691
47,207		 85,159
948
8,469
36,394
59,894
-		 1,009
-		 60,903
-		 45,811
-
29,108
-		 (1,009)
-		 28,099
-		 39,348
-
29,108
16,500		 (1,009)
-		 28,099
16,500		 39,348
22,500
45,608
171,910		 (1,009)
1,880		 44,599
173,790		 61,848
111,942
217,518 871 218,389 173,790

Page 6

Aston Manor Road Transport Museum Limited Summary Income and Expenditure Account

for the year ended 31 March 2022

Income
Interest and investment income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net income before tax for the year
Net income for the year		 2022
£
88,770
232
89,002
60,525
378
60,903
28,099
28,099		 2021
£
84,923
236
85,159
45,811
-
45,811
39,348
39,348

Page 7

Aston Manor Road Transport Museum Limited Balance Sheet

at 31 March 2022

Company No.
02114878
Notes
2022
£
Fixed assets
Tangible assets
15
136,651
136,651
Current assets
Stocks
16
100
Debtors
17
5,132
Cash at bank and in hand
86,862
92,094
Creditors:Amount falling due within one year
18
(10,356)
Net current assets
81,738
Total assets less current liabilities
218,389
Net assets excluding pension asset or liability
218,389
Total net assets
218,389
The funds of the charity
Restricted funds
19
Restricted income funds
871
871
Unrestricted funds
19
General funds
105,448
105,448
Reserves
19
Revaluation reserve
112,070
112,070
Total funds
218,389		 2021
£
118,560
118,560
990
4,399
59,946
65,335
(10,105)
55,230
173,790
173,790
173,790
1,880
1,880
76,340
76,340
95,570
95,570
173,790

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 13 September 2022

And signed on its behalf by:

R.H. Gray

Page 8

Aston Manor Road Transport Museum Limited Balance Sheet Trustee 13 September 2022 Page 9

Aston Manor Road Transport Museum Limited Statement of Cash flows for the year ended 31 March 2022

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Decrease in stocks
Increase in trade and other receivables
Decrease in trade and other payables
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2022
£
44,599
378
(16,232)
890
(733)
-
28,902
(1,969)
16,232
14,263
-
43,165
59,946
103,111
86,862
86,862		 2021
£
61,848
-
(69,236)
774
(2,203)
(189)
(9,006)
-
69,236
69,236
-
60,230
22,216
82,446
59,946
59,946

Page 10

Aston Manor Road Transport Museum Limited Notes to the Accounts

for the year ended 31 March 2022

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 11

Aston Manor Road Transport Museum Limited Notes to the Accounts

Expenditure

Taxation

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

Tangible fixed assets and depreciation

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

Plant and machinery 10% straight line Fixtures, fittings & 20-33% straight line equipment

The directors have revalued the museum exhibits on an adjusted market valuation having taken into account that as a charity it can only dispose of these assets for scrap or to another like-minded charitable body. The valuation takes into account the stage of restoration the assets are currently at. In the past external costs of restoration have been charged to profit.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 12

Aston Manor Road Transport Museum Limited Notes to the Accounts

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 13

Aston Manor Road Transport Museum Limited Notes to the Accounts

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Gains on revaluation of fixed assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies
Donations
Legacies		 Unrestricted
funds
2021
£
5,307
9,413
1,203
236
65,500
81,659
948
8,469
31,014
40,431
41,228
41,228
22,500
63,728
110,062
173,790
Unrestricted
£
8,147
38,306
46,453		 Restricted
funds
2021
£
-
-
-
-
3,500
3,500
-
-
5,380
5,380
(1,880)
(1,880)
-
(1,880)
1,880
-
Total
2022
£
8,147
38,306
46,453		 Total funds
2021
£
5,307
9,413
1,203
236
69,000
85,159
948
8,469
36,394
45,811
39,348
39,348
22,500
61,848
111,942
173,790
Total
2021
£
5,307
-
5,307

Page 14

Aston Manor Road Transport Museum Limited Notes to the Accounts

5 Income from charitable activities

Vehicle rental
Museum entry
Membership subscriptions
Fundraising
6
Income from other trading activities
Shop
Cafeteria
7
Income from investments
Bank interest
8
Other income
Grants - restricted
Covid Emergency Funding
Walsall Covid support
9
Expenditure on raising funds
Fundraising trading costs
Shop
Cafeteria		 Unrestricted
£
10,633
6,928
755
1,692
20,008
Unrestricted
£
6,113
196
6,309
Unrestricted
£
232
232
Unrestricted
£
-
-
16,000
16,000		 Total
2022
£
10,633
6,928
755
1,692
20,008
Total
2022
£
6,113
196
6,309
Total
2022
£
232
232
Total
2022
£
-
-
16,000
16,000		 Total
2021
£
6,067
875
1,425
1,046
9,413
Total
2021
£
1,143
60
1,203
Total
2021
£
236
236
Total
2021
£
3,500
25,000
40,500
69,000
Unrestricted
£
986
19
1,005		 Total
2022
£
986
19
1,005		 Total
2021
£
835
113
948

Page 15

Aston Manor Road Transport Museum Limited Notes to the Accounts

10 Expenditure on charitable activities

10 Expenditure on charitable activities
Expenditure on charitable
activities
Vehicle rental
Museum entry
Membership subscriptions
Fundraising
Governance costs
11 Other expenditure
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
12 Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets
13 Trustee remuneration and expenses
Number of trustees paid expenses
The nature of the reimbursed expenses		 Unrestricted
Total
2022
£
£
230
230
12,115
12,115
-
-
346
346
12,691
12,691
Unrestricted
Restricted
Total
2022
£
£
£
278
-
278
38,817
1,009
39,826
378
-
378
6,005
-
6,005
720
-
720
46,198
1,009
47,207
2022
£
378
2022
Number
5
Reimbursement of charity expenses.		 Total
2021
£
-
8,046
122
301
8,469
Total
2021
£
-
26,573
-
5,328
4,493
36,394
2021
£
-
2021
Number
-

14 Staff costs

No employee received emoluments in excess of £60,000.

Page 16

Aston Manor Road Transport Museum Limited Notes to the Accounts

15 Tangible fixed assets

Cost or revaluation
At 1 April 2021
Additions
Transfers
At 31 March 2022
Depreciation and
impairment
At 1 April 2021
Depreciation charge for the
year
At 31 March 2022
Net book values
At 31 March 2022
At 31 March 2021
16 Stocks
Finished goods
Carrying value analysed by activities
Shop
17 Debtors
Trade debtors
Prepayments and accrued income
18 Creditors:
amounts falling due within one year
Accruals		 Plant and
machinery
£
403
1,620
-
2,023
380
185
565
1,458
23		 Fixtures,
fittings &
equipment
£
118,401
-
16,500
134,901
-
-
-
134,901
118,401
2022
£
100
100
2022
£
100
100
2022
£
333
4,799
5,132
2022
£
10,356
10,356		 TFA 4
£
2,763
349
-
3,112
2,627
193
2,820
292
136		 Total
£
121,567
1,969
16,500
140,036
3,007
378
3,385
136,651
118,560
2021
£
990
990
2021
£
990
990
2021
£
280
4,119
4,399
2021
£
10,105
10,105

Page 17

Aston Manor Road Transport Museum Limited Notes to the Accounts

19 Movement in funds

Restricted funds:
Restricted income funds:
Bus restoration general
Total
Unrestricted funds:
General funds
Revaluation Reserves:
Revaluation fund
Total revaluation reserves
Total funds		 At 1 April
2021
1,880
1,880
76,340
95,570
95,570
173,790		 Incoming
resources
(including
other
gains/losses
)
£
-
-
89,002
16,500
16,500
105,502		 Resources
expended
£
(1,009)
(1,009)
(59,894)
(60,903)		 At 31
March
2022
£
871
871
105,448
112,070
112,070
218,389

Purposes and restrictions in relation to the funds:

Revaluation reserves Represent the amount by which investments exceed their historical cost. Restricted funds: Bus restoration general Donations received for the general restoration of buses

20 Analysis of net assets between funds

Fixed assets
Net current assets
Reconciliation of net debt
Cash and cash equivalents
Net debt		 Unrestricted
funds
£
136,651
76,333
212,984
At 1 April
2021
£		 Restricted
funds
£
-
5,405
5,405
Cash flows
£		 Total
£
136,651
81,738
218,389
At 31
March
2022
£
59,946 26,916 86,862
59,946
59,946		 26,916
26,916		 86,862
86,862

21 Reconciliation of net debt

Page 18

Aston Manor Road Transport Museum Limited Notes to the Accounts

Controlling party

There is no controlling party

Page 19

Aston Manor Road Transport Museum Limited Detailed Statement of Financial Activities

for the year ended 31 March 2022

Income and endowments from:
Donations and legacies
Donations
Legacies
Charitable activities
Vehicle rental
Museum entry
Membership subscriptions
Fundraising
Other trading activities
Shop
Cafeteria
Investments
Bank interest
Other
Grants - restricted
Covid Emergency Funding
Walsall Covid support
Total income and endowments
Expenditure on:
Costs of other trading activities
Shop
Cafeteria
Total of expenditure on raising
funds
Charitable activities
Vehicle rental
Museum entry
Membership subscriptions
Fundraising
Total of expenditure on charitable
activities		 Unrestricte
d funds
2022
£
8,147
38,306
46,453
10,633
6,928
755
1,692
20,008
6,113
196
6,309
232
232
-
-
16,000
16,000
89,002
986
19
1,005
1,005
230
12,115
-
346
12,691
12,691		 2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
2022
£
8,147
38,306
46,453
10,633
6,928
755
1,692
20,008
6,113
196
6,309
232
232
-
-
16,000
16,000
89,002
986
19
1,005
1,005
230
12,115
-
346
12,691
12,691		 Total funds
2021
£
5,307
-
5,307
6,067
875
1,425
1,046
9,413
1,143
60
1,203
236
236
3,500
25,000
40,500
69,000
85,159
835
113
948
948
-
8,046
122
301
8,469
8,469

Page 20

Aston Manor Road Transport Museum Limited Detailed Statement of Financial Activities

Motor and travel costs
Business mileage costs
reimbursed
Premises costs
Rent
Rates
Light, heat and power
Premises insurances
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of Plant and
machinery
Depreciation of Fixtures, fittings
& equipment
Bank charges
General insurances
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other recognised gains and losses
Gains on revaluation of fixed
assets
Other Gains		 278
278
31,926
1,816
1,873
1,363
1,839
38,817
185
-
193
325
3,094
-
168
-
728
1,690
6,383
720
-
720
46,198
59,894
-
29,108
29,108
16,500
-		 -
-
1,009
-
-
-
-
1,009
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,009
1,009
-
(1,009)
(1,009)
-
-		 278
278
32,935
1,816
1,873
1,363
1,839
39,826
185
-
193
325
3,094
-
168
-
728
1,690
6,383
720
-
720
47,207
60,903
-
28,099
28,099
16,500
-		 -
-
33,903
(10,239)
1,130
1,466
313
26,573
-
-
-
213
2,512
34
168
62
1,093
1,246
5,328
720
3,773
4,493
36,394
45,811
-
39,348
39,348
22,500
-

Page 21

Aston Manor Road Transport Museum Limited Detailed Statement of Financial Activities

Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 45,608
171,910
217,518		 (1,009)
1,880
871		 44,599
173,790
218,389		 61,848
111,942
173,790

Page 22

Aston Manor Road Transport Museum Limited

Charity No. 519216

Company No. 02114878

Trustees' Report and Unaudited Accounts

31 March 2022

Aston Manor Road Transport Museum Limited Contents

Pages
Trustees' Annual Report 2 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Summary Income and Expenditure Account 7
Balance Sheet 8 to 9
Statement of Cash flows 10
Notes to the Accounts 11 to 18
Detailed Statement of Financial Activities 19 to 21

Page 1

Aston Manor Road Transport Museum Limited Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 02114878

Charity No. 519216

Registered Office

4 Baxter Court 96 School Road Moseley Birmingham West Midlands B13 9TP

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

G. Adkins A. Beattie J. Beech A.L. Bishop M.J. Fisher R.H. Gray

Company Secretary

A.L. Bishop

Accountants

Ian Richmond Limited Church Cottage Church Road Tettenhall West Midlands WV6 9AJ

OBJECTIVES AND ACTIVITIES

Page 2

Aston Manor Road Transport Museum Limited Trustees Annual Report

The Charity’s main function is to operate a commercial road transport museum. The premises that were moved into in late 2012 continue to see significant work done by a very willing band of volunteers, but that has to be tempered by the continuing lack of a long-term lease which restricts security of tenure. The museum continues to open to the public 3 days per week throughout the year, though this review year has also seen severe restrictions on opening due to the Covid pandemic as was reported last year. The downside of the building remains that access for double-deck buses is restricted and also for longer single-deckers as there are height restrictions and also the building is split into 3 sections. This has meant further vehicles are having to be stored at other premises at additional rental costs, but some smaller commercial vehicles and similar have been loaned to us, with the owners paying an appropriate rental charge.

The Museum’s policy is to exhibit commercial road transport vehicles constructed in part, or in whole, or else spending the bulk of their working lives in the West Midlands, together with commercial and passenger road transport related artefacts. Workshop facilities are relatively limited but some vehicle projects continue to move on with the assistance from a number of volunteers that have come from the local area. The policy continues to be to restore these to the most appropriate condition of their time in service, e.g. some buses can be restored to original condition and appearance, but others will be kept in as withdrawn condition. This applies to the commercial vehicles in the collection as well.

Where major items, such as a new vehicle exhibit, are to be considered, then this will take place at the regular board (committee) meetings, held, normally, on a monthly basis. Items that are of a greater urgency either dealt with by the Directors’ present on site on working days, or else by telephoning or emailing around to obtain a consensus. With the issues of meeting in person because of pandemic restrictions, the use of Zoom for meetings that was initiated last year and continued into this year to ensure that regular meetings could continue to take place. The policy stated in the paragraph above has been constant for many years.

ACHIEVEMENTS AND PERFORMANCE

During the review year the Museum was open intermittently to the public owing to restrictions from Government and those events held were on a low key, generally, though we had to cancel one event at the last minute due to a Covid outbreak amongst our volunteers. This resulted in overall visitor numbers only reaching just under 2000 for the year, under half of what would normally have been expected. In general, the trend has seen lower visitor numbers following the move from Birmingham; we continue to look for additional ideas to bring the museum to a wider audience. Pressure on funds continues, and involvement in the Heritage Compass scheme, itself backed by NLHF, has given some renewed vigour to our efforts to find a permanent solution. There was some further funding through the Government during this latest review period and we also benefited from a legacy from a local person. This has continued to secure the museum’s short-term future but the underlying problem of continuing to be liable for a significant rent continues. Dialogue continues with the local authority, Walsall MBC, and this has been assisted again through the Heritage Compass scheme that has provided a couple of consultants to advise and assist further on a no cost basis. With a paucity of attractions within the Borough, and HLF acknowledgement of overall under-funding in our area, there is clearly a desire to try to retain our museum but it is unlikely that direct funding will be available to cover the ongoing short-fall. While day to day costs have tended to stabilise, we continue to use ongoing cashflow projections which are compared to actual costs to try to ensure that the museum is run as efficiently as it can be, financially.

The trustee situation has improved with a new trustee appointed in January. However, we continue to acknowledge the need to strengthen the Board in certain areas, though the issue of finding the right candidates remains.

FINANCIAL REVIEW

Page 3

Aston Manor Road Transport Museum Limited

Trustees Annual Report

The assets of the Company, apart from cash and stock for the in-house Museum shop, are mainly made up of vehicles, many of which were donated. All Museum owned vehicles available for the free services provided on event days are maintained to Class V MOT standard, where required by law. We do not hold an operator’s licence, although we have continued to review this, we have continued our policy of operating Museum vehicles on a free to board basis. The valuation of all Museum owned vehicles is reviewed annually by the Directors’ who place a consensus valuation on each vehicle, this being at our accountant’s recommendation.

The continuing financial uncertainty has meant that we continue to not have a specific Charity reserve, although there are available funds in the vehicle restoration fund that could be used to move museum assets to more suitable premises, should that need arise. We do not receive any Local Authority funding but we continue to receive significant moral support that will be utilised in funding bids to other organisations if at all practical.

PLANS FOR FUTURE PERIODS

Additional monies continue to be used towards vehicle renovation, some of which are long-term, and some of these projects are being supported from members / friends. Donations for the use of our vehicles for other purposes are normally requested and the funds raised are used for the renovation work or for general museum fundraising. They could not be used to offset the operational costs of the vehicles.

STRUCTURE, GOVERNANCE AND MANAGEMENT

In accordance with the requirements of the Charity Commission we are providing details that extend the information available from the annual accounts prepared to the statutory requirements of Companies House.

The governing document for the Company is the Memorandum and Articles of Association.

Membership of the Museum is solely of the Company and membership total remains around 100, though this continues to decline year on year and, to an extent, reflects the age-profile. The Museum also has a support base for vehicle owners’ where additional accommodation is available and these owners are also members of the Museum Company. This will ensure that a potential source of new trustees/directors is always available to us, though subject to the comments above. The trustees continue to review this to ensure continuity in the future.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

A.L. Bishop Company Secretary 13 September 2022

Page 4

Aston Manor Road Transport Museum Limited Independent Examiners Report

Independent Examiner's Report to the trustees of Aston Manor Road Transport Museum Limited

I report to the charity trustees on my examination of the financial statements of Aston Manor Road Transport Museum Limited for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

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

Having satisfied myself that the financial statements of the charity 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 financial statements 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

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 financial statements to be reached.

Ian Richmond ICAEW Ian Richmond Limited Church Cottage Church Road Tettenhall West Midlands WV6 9AJ 13 September 2022

Page 5

Aston Manor Road Transport Museum Limited Statement of Financial Activities

for the year ended 31 March 2022

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Other
8
Total
Expenditure on:
Raising funds
9
Charitable activities
10
Other
11
Total
Net gains on investments
Net income
12
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Gains on revaluation of
fixed assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2022
£
46,453
20,008
6,309
232
16,000		 Restricted
funds
2022
£
-
-
-
-
-		 Total funds
2022
£
46,453
20,008
6,309
232
16,000		 Total funds
2021
£
5,307
9,413
1,203
236
69,000
89,002
1,005
12,691
46,198		 -
-
-
1,009		 89,002
1,005
12,691
47,207		 85,159
948
8,469
36,394
59,894
-		 1,009
-		 60,903
-		 45,811
-
29,108
-		 (1,009)
-		 28,099
-		 39,348
-
29,108
16,500		 (1,009)
-		 28,099
16,500		 39,348
22,500
45,608
171,910		 (1,009)
1,880		 44,599
173,790		 61,848
111,942
217,518 871 218,389 173,790

Page 6

Aston Manor Road Transport Museum Limited Summary Income and Expenditure Account

for the year ended 31 March 2022

Income
Interest and investment income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net income before tax for the year
Net income for the year		 2022
£
88,770
232
89,002
60,525
378
60,903
28,099
28,099		 2021
£
84,923
236
85,159
45,811
-
45,811
39,348
39,348

Page 7

Aston Manor Road Transport Museum Limited Balance Sheet

at 31 March 2022

Company No.
02114878
Notes
2022
£
Fixed assets
Tangible assets
15
136,651
136,651
Current assets
Stocks
16
100
Debtors
17
5,132
Cash at bank and in hand
86,862
92,094
Creditors:Amount falling due within one year
18
(10,356)
Net current assets
81,738
Total assets less current liabilities
218,389
Net assets excluding pension asset or liability
218,389
Total net assets
218,389
The funds of the charity
Restricted funds
19
Restricted income funds
871
871
Unrestricted funds
19
General funds
105,448
105,448
Reserves
19
Revaluation reserve
112,070
112,070
Total funds
218,389		 2021
£
118,560
118,560
990
4,399
59,946
65,335
(10,105)
55,230
173,790
173,790
173,790
1,880
1,880
76,340
76,340
95,570
95,570
173,790

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 13 September 2022

And signed on its behalf by:

R.H. Gray

Page 8

Aston Manor Road Transport Museum Limited Balance Sheet Trustee 13 September 2022 Page 9

Aston Manor Road Transport Museum Limited Statement of Cash flows for the year ended 31 March 2022

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Decrease in stocks
Increase in trade and other receivables
Decrease in trade and other payables
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2022
£
44,599
378
(16,232)
890
(733)
-
28,902
(1,969)
16,232
14,263
-
43,165
59,946
103,111
86,862
86,862		 2021
£
61,848
-
(69,236)
774
(2,203)
(189)
(9,006)
-
69,236
69,236
-
60,230
22,216
82,446
59,946
59,946

Page 10

Aston Manor Road Transport Museum Limited Notes to the Accounts

for the year ended 31 March 2022

Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 11

Aston Manor Road Transport Museum Limited Notes to the Accounts

Expenditure

Taxation

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

Tangible fixed assets and depreciation

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

Plant and machinery 10% straight line Fixtures, fittings & 20-33% straight line equipment

The directors have revalued the museum exhibits on an adjusted market valuation having taken into account that as a charity it can only dispose of these assets for scrap or to another like-minded charitable body. The valuation takes into account the stage of restoration the assets are currently at. In the past external costs of restoration have been charged to profit.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 12

Aston Manor Road Transport Museum Limited Notes to the Accounts

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Page 13

Aston Manor Road Transport Museum Limited Notes to the Accounts

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

3 Statement of Financial Activities - prior year

Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Gains on revaluation of fixed assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies
Donations
Legacies		 Unrestricted
funds
2021
£
5,307
9,413
1,203
236
65,500
81,659
948
8,469
31,014
40,431
41,228
41,228
22,500
63,728
110,062
173,790
Unrestricted
£
8,147
38,306
46,453		 Restricted
funds
2021
£
-
-
-
-
3,500
3,500
-
-
5,380
5,380
(1,880)
(1,880)
-
(1,880)
1,880
-
Total
2022
£
8,147
38,306
46,453		 Total funds
2021
£
5,307
9,413
1,203
236
69,000
85,159
948
8,469
36,394
45,811
39,348
39,348
22,500
61,848
111,942
173,790
Total
2021
£
5,307
-
5,307

Page 14

Aston Manor Road Transport Museum Limited Notes to the Accounts

5 Income from charitable activities

Vehicle rental
Museum entry
Membership subscriptions
Fundraising
6
Income from other trading activities
Shop
Cafeteria
7
Income from investments
Bank interest
8
Other income
Grants - restricted
Covid Emergency Funding
Walsall Covid support
9
Expenditure on raising funds
Fundraising trading costs
Shop
Cafeteria		 Unrestricted
£
10,633
6,928
755
1,692
20,008
Unrestricted
£
6,113
196
6,309
Unrestricted
£
232
232
Unrestricted
£
-
-
16,000
16,000		 Total
2022
£
10,633
6,928
755
1,692
20,008
Total
2022
£
6,113
196
6,309
Total
2022
£
232
232
Total
2022
£
-
-
16,000
16,000		 Total
2021
£
6,067
875
1,425
1,046
9,413
Total
2021
£
1,143
60
1,203
Total
2021
£
236
236
Total
2021
£
3,500
25,000
40,500
69,000
Unrestricted
£
986
19
1,005		 Total
2022
£
986
19
1,005		 Total
2021
£
835
113
948

Page 15

Aston Manor Road Transport Museum Limited Notes to the Accounts

10 Expenditure on charitable activities

10 Expenditure on charitable activities
Expenditure on charitable
activities
Vehicle rental
Museum entry
Membership subscriptions
Fundraising
Governance costs
11 Other expenditure
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
12 Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets
13 Trustee remuneration and expenses
Number of trustees paid expenses
The nature of the reimbursed expenses		 Unrestricted
Total
2022
£
£
230
230
12,115
12,115
-
-
346
346
12,691
12,691
Unrestricted
Restricted
Total
2022
£
£
£
278
-
278
38,817
1,009
39,826
378
-
378
6,005
-
6,005
720
-
720
46,198
1,009
47,207
2022
£
378
2022
Number
5
Reimbursement of charity expenses.		 Total
2021
£
-
8,046
122
301
8,469
Total
2021
£
-
26,573
-
5,328
4,493
36,394
2021
£
-
2021
Number
-

14 Staff costs

No employee received emoluments in excess of £60,000.

Page 16

Aston Manor Road Transport Museum Limited Notes to the Accounts

15 Tangible fixed assets

Cost or revaluation
At 1 April 2021
Additions
Transfers
At 31 March 2022
Depreciation and
impairment
At 1 April 2021
Depreciation charge for the
year
At 31 March 2022
Net book values
At 31 March 2022
At 31 March 2021
16 Stocks
Finished goods
Carrying value analysed by activities
Shop
17 Debtors
Trade debtors
Prepayments and accrued income
18 Creditors:
amounts falling due within one year
Accruals		 Plant and
machinery
£
403
1,620
-
2,023
380
185
565
1,458
23		 Fixtures,
fittings &
equipment
£
118,401
-
16,500
134,901
-
-
-
134,901
118,401
2022
£
100
100
2022
£
100
100
2022
£
333
4,799
5,132
2022
£
10,356
10,356		 TFA 4
£
2,763
349
-
3,112
2,627
193
2,820
292
136		 Total
£
121,567
1,969
16,500
140,036
3,007
378
3,385
136,651
118,560
2021
£
990
990
2021
£
990
990
2021
£
280
4,119
4,399
2021
£
10,105
10,105

Page 17

Aston Manor Road Transport Museum Limited Notes to the Accounts

19 Movement in funds

Restricted funds:
Restricted income funds:
Bus restoration general
Total
Unrestricted funds:
General funds
Revaluation Reserves:
Revaluation fund
Total revaluation reserves
Total funds		 At 1 April
2021
1,880
1,880
76,340
95,570
95,570
173,790		 Incoming
resources
(including
other
gains/losses
)
£
-
-
89,002
16,500
16,500
105,502		 Resources
expended
£
(1,009)
(1,009)
(59,894)
(60,903)		 At 31
March
2022
£
871
871
105,448
112,070
112,070
218,389

Purposes and restrictions in relation to the funds:

Revaluation reserves Represent the amount by which investments exceed their historical cost. Restricted funds: Bus restoration general Donations received for the general restoration of buses

20 Analysis of net assets between funds

Fixed assets
Net current assets
Reconciliation of net debt
Cash and cash equivalents
Net debt		 Unrestricted
funds
£
136,651
76,333
212,984
At 1 April
2021
£		 Restricted
funds
£
-
5,405
5,405
Cash flows
£		 Total
£
136,651
81,738
218,389
At 31
March
2022
£
59,946 26,916 86,862
59,946
59,946		 26,916
26,916		 86,862
86,862

21 Reconciliation of net debt

Page 18

Aston Manor Road Transport Museum Limited Notes to the Accounts

Controlling party

There is no controlling party

Page 19

Aston Manor Road Transport Museum Limited Detailed Statement of Financial Activities

for the year ended 31 March 2022

Income and endowments from:
Donations and legacies
Donations
Legacies
Charitable activities
Vehicle rental
Museum entry
Membership subscriptions
Fundraising
Other trading activities
Shop
Cafeteria
Investments
Bank interest
Other
Grants - restricted
Covid Emergency Funding
Walsall Covid support
Total income and endowments
Expenditure on:
Costs of other trading activities
Shop
Cafeteria
Total of expenditure on raising
funds
Charitable activities
Vehicle rental
Museum entry
Membership subscriptions
Fundraising
Total of expenditure on charitable
activities		 Unrestricte
d funds
2022
£
8,147
38,306
46,453
10,633
6,928
755
1,692
20,008
6,113
196
6,309
232
232
-
-
16,000
16,000
89,002
986
19
1,005
1,005
230
12,115
-
346
12,691
12,691		 2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
2022
£
8,147
38,306
46,453
10,633
6,928
755
1,692
20,008
6,113
196
6,309
232
232
-
-
16,000
16,000
89,002
986
19
1,005
1,005
230
12,115
-
346
12,691
12,691		 Total funds
2021
£
5,307
-
5,307
6,067
875
1,425
1,046
9,413
1,143
60
1,203
236
236
3,500
25,000
40,500
69,000
85,159
835
113
948
948
-
8,046
122
301
8,469
8,469

Page 20

Aston Manor Road Transport Museum Limited Detailed Statement of Financial Activities

Motor and travel costs
Business mileage costs
reimbursed
Premises costs
Rent
Rates
Light, heat and power
Premises insurances
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of Plant and
machinery
Depreciation of Fixtures, fittings
& equipment
Bank charges
General insurances
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other recognised gains and losses
Gains on revaluation of fixed
assets
Other Gains		 278
278
31,926
1,816
1,873
1,363
1,839
38,817
185
-
193
325
3,094
-
168
-
728
1,690
6,383
720
-
720
46,198
59,894
-
29,108
29,108
16,500
-		 -
-
1,009
-
-
-
-
1,009
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,009
1,009
-
(1,009)
(1,009)
-
-		 278
278
32,935
1,816
1,873
1,363
1,839
39,826
185
-
193
325
3,094
-
168
-
728
1,690
6,383
720
-
720
47,207
60,903
-
28,099
28,099
16,500
-		 -
-
33,903
(10,239)
1,130
1,466
313
26,573
-
-
-
213
2,512
34
168
62
1,093
1,246
5,328
720
3,773
4,493
36,394
45,811
-
39,348
39,348
22,500
-

Page 21

Aston Manor Road Transport Museum Limited Detailed Statement of Financial Activities

Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 45,608
171,910
217,518		 (1,009)
1,880
871		 44,599
173,790
218,389		 61,848
111,942
173,790

Page 22