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2024-03-31-accounts

’ ’ TRUSTEES (DIRECTORS ) ANNUAL REPORT – YEAR ENDING 31.3.2024

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. Since last year’s report, our present landlord thought he had a buyer with a settlement date of July 1[st] 2023 but the intended buyer failed to complete at that time. It was then agreed that a continuation of the present lease terms would continue to June 30[th] 2024. Subsequently, and following support from the Mayor of the Combined West Midlands Authority, amongst others, a bid for funding to provide a consultant to review a possible survival business plan was successfully put together and he started working for us from late Autumn. Initially there was a possibility that we might be offered suitable space at a former bus garage in Birmingham, a property now owned by the City Council. With the Local Authority’s financial difficulties that no longer weas a viable option so the plan reverted to an attempt to purchase the existing premises. Several bids for various types of funding have been made but within the scope of this report, none have been confirmed at this point in time. To assist with those funding bids 3 valuations have been obtained from commercial property surveyors and an agreement in principle to purchase over a 2 year period made with our landlord. This would involve stage payments and for him to retain a minority interest in the property for up to a further 5 year period. Reduced rental payments would ensue, though this remains a concern with the museum not generating enough income to covered those costs over the planned period. That issue was also part of the ongoing plan made by our consultant whereby two of the funding bids included monies to cover the cost of a part-time staff member to enable the museum to be able to move forward on a secure financial basis.

The museum continues to open to the public 3 days per week throughout the year and the review year has seen a significant increase in visitor numbers to reach the second-best total since moving to Aldridge. The downside of the building remains that access for double-deck buses is restricted and also for longer singledeckers 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. However, this is the only building presently available to the museum if it is to continue to function as it has over more than 30 years – hence the serious attempt to find the means to acquire it.

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. Most meetings have been able to return to in person following the pandemic restrictions, the use of Zoom for meetings has significantly reduced this year. The policy stated in the paragraph above has been constant for many years.

During the review year the Museum was open on a regular basis, with an extra day during some school holidays. This resulted in overall visitor numbers exceeding 5000. In general though, 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, something, again, that the proposed funding bids may assist with. Pressure on funds continues as outlined above. Dialogue continues with the local authority, Walsall MBC, though this has been overtaken by support from the Combined Authority. With a paucity of attractions within the Borough, and HLF acknowledgement of overall under-funding in our area, together with Arts Council England, 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, recent inflationary trends are likely to place further pressure on finances in the not too distant future. 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 been stable, with no changes. 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 review this from time to time, so 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. This funding, though, has seen a steady decline in recent years and is an area we need to improve

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.

20th May 2024

R.H. Gray Financial Director

Aston Manor Road Transport Museum Limited

Charity No. 519216

Company No. 02114878

Trustees' Report and Unaudited Accounts

31 March 2024

Aston Manor Road Transport Museum Limited Contents

Pages
Trustees' Annual Report 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Summary Income and Expenditure Account 8
Balance Sheet 9 to 10
Statement of Cash flows 11
Notes to the Accounts 12 to 19
Detailed Statement of Financial Activities 20 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 2024.

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 D. Goodwin 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. Since last year’s report, our present landlord thought he had a buyer with a settlement date of July 1st 2023 but the intended buyer failed to complete at that time. It was then agreed that a continuation of the present lease terms would continue to June 30th 2024. Subsequently, and following support from the Mayor of the Combined West Midlands Authority, amongst others, a bid for funding to provide a consultant to review a possible survival business plan was successfully put together and he started working for us from late Autumn. Initially there was a possibility that we might be offered suitable space at a former bus garage in Birmingham, a property now owned by the City Council. With the Local Authority’s financial difficulties that no longer was a viable option so the plan reverted to an attempt to purchase the existing premises. Several bids for various types of funding have been made but within the scope of this report, none have been confirmed at this point in time. To assist with those funding bids 3 valuations have been obtained from commercial property surveyors and an agreement in principle to purchase over a 2 year period made with our landlord. This would involve stage payments and for him to retain a minority interest in the property for up to a further 5 year period. Reduced rental payments would ensue, though this remains a concern with the museum not generating enough income to covered those costs over the planned period. That issue was also part of the ongoing plan made by our consultant whereby two of the funding bids included monies to cover the cost of a part-time staff member to enable the museum to be able to move forward on a secure financial basis.

The museum continues to open to the public 3 days per week throughout the year and the review year has seen a significant increase in visitor numbers to reach the second-best total since moving to Aldridge. 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. However, this is the only building presently available to the museum if it is to continue to function as it has over more than 30 years – hence the serious attempt to find the means to acquire it. 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. Most meetings have been able to return to in person following the pandemic restrictions, the use of Zoom for meetings has significantly reduced this year. The policy stated in the paragraph above has been constant for many years.

ACHIEVEMENTS AND PERFORMANCE

Page 3

Aston Manor Road Transport Museum Limited Trustees Annual Report

During the review year the Museum was open on a regular basis, with an extra day during some school holidays. This resulted in overall visitor numbers exceeding 5000. In general though, 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, something, again, that the proposed funding bids may assist with. Pressure on funds continues as outlined above. Dialogue continues with the local authority, Walsall MBC, though this has been overtaken by support from the Combined Authority. With a paucity of attractions within the Borough, and HLF acknowledgement of overall under-funding in our area, together with Arts Council England, 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, recent inflationary trends are likely to place further pressure on finances in the not too distant future. 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 been stable, with no changes. 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

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 review this from time to time, so 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. This funding, though, has seen a steady decline in recent years and is an area we would like to improve

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.

Page 4

Aston Manor Road Transport Museum Limited Trustees Annual Report

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 10 September 2024

Page 5

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 2024.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the 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:

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 FCA Ian Richmond Limited Church Cottage Church Road Tettenhall West Midlands WV6 9AJ 10 September 2024

Page 6

Aston Manor Road Transport Museum Limited Statement of Financial Activities

for the year ended 31 March 2024

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Total
Expenditure on:
Raising funds
8
Charitable activities
9
Other
10
Total
Net gains on investments
Net expenditure
11
Transfers between funds
Net expenditure 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
2024
£
10,820
25,126
15,383
484		 Restricted
funds
2024
£
-
-
-
-		 Total funds
2024
£
10,820
25,126
15,383
484		 Total funds
2023
£
4,908
20,022
9,363
338
51,813
1,757
13,071
53,860		 -
-
-
-		 51,813
1,757
13,071
53,860		 34,631
1,149
11,528
50,065
68,688
-		 -
-		 68,688
-		 62,742
-
(16,875)
-		 -
-		 (16,875)
-		 (28,111)
-
(16,875)
8,399		 -
-		 (16,875)
8,399		 (28,111)
7,000
(8,476)
196,407		 -
871		 (8,476)
197,278		 (21,111)
218,389
187,931 871 188,802 197,278

Page 7

Aston Manor Road Transport Museum Limited Summary Income and Expenditure Account

for the year ended 31 March 2024

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 expenditure before tax for the year
Net expenditure for the year		 2024
£
51,329
484
51,813
68,439
249
68,688
(16,875)
(16,875)		 2023
£
34,293
338
34,631
62,463
279
62,742
(28,111)
(28,111)

Page 8

Aston Manor Road Transport Museum Limited Balance Sheet

at 31 March 2024

Company No.
02114878
Notes
2024
£
Fixed assets
Tangible assets
14
157,706
157,706
Current assets
Stocks
15
100
Debtors
16
4,481
Cash at bank and in hand
38,029
42,610
Creditors:Amount falling due within one year
17
(11,514)
Net current assets
31,096
Total assets less current liabilities
188,802
Net assets excluding pension asset or liability
188,802
Total net assets
188,802
The funds of the charity
Restricted funds
18
Restricted income funds
871
871
Unrestricted funds
18
General funds
67,462
67,462
Reserves
18
Revaluation reserve
120,469
120,469
Total funds
188,802		 2023
£
149,556
149,556
100
4,191
53,538
57,829
(10,107)
47,722
197,278
197,278
197,278
871
871
84,337
84,337
112,070
112,070
197,278

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 2024 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 10 September 2024

And signed on its behalf by:

R.H. Gray

Page 9

Aston Manor Road Transport Museum Limited Balance Sheet

Trustee 10 September 2024

Page 10

Aston Manor Road Transport Museum Limited Statement of Cash flows for the year ended 31 March 2024

Cash flows from operating activities
Net expenditure per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
(Increase)/Decrease in trade and other receivables
Net cash used in operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from/(used in) investing activities
Net cash from financing activities
Net decrease 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		 2024
£
(8,476)
249
(484)
(290)
(9,001)
484
484
-
(8,517)
53,538
45,021
38,029
38,029		 2023
£
(21,111)
279
(338)
941
(20,229)
338
(5,846)
-
(26,075)
86,862
60,787
53,538
53,538

Page 11

Aston Manor Road Transport Museum Limited Notes to the Accounts

for the year ended 31 March 2024

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.

Fund accounting

Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity
income becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the
legacies the SoFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services These are only included in income (with an equivalent amount in expenditure)
and facilities where the benefit to the Charity is reasonably quantifiable, measurable and
material.
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 12

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.

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.

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.

Page 13

Aston Manor Road Transport Museum Limited Notes to the Accounts

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.

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

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
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		 Unrestricted
funds
2023
£
4,908
20,022
9,363
338
34,631
1,149
11,528
50,065
62,742
(28,111)
(28,111)
7,000
(21,111)
217,518
196,407		 Restricted
funds
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
871
871		 Total funds
2023
£
4,908
20,022
9,363
338
34,631
1,149
11,528
50,065
62,742
(28,111)
(28,111)
7,000
(21,111)
218,389
197,278

Page 14

Aston Manor Road Transport Museum Limited Notes to the Accounts

4 Income from donations and legacies

Donations
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
Expenditure on raising funds
Fundraising trading costs
Shop
Cafeteria		 Unrestricted
£
10,820
10,820
Unrestricted
£
13,847
8,418
1,961
900
25,126
Unrestricted
£
13,922
1,461
15,383
Unrestricted
£
458
26
-
484
Unrestricted
£
1,065
692
1,757		 Total
2024
£
10,820
10,820
Total
2024
£
13,847
8,418
1,961
900
25,126
Total
2024
£
13,922
1,461
15,383
Total
2024
£
458
26
-
484
Total
2024
£
1,065
692
1,757		 Total
2023
£
4,908
4,908
Total
2023
£
7,002
10,331
1,072
1,617
20,022
Total
2023
£
8,447
916
9,363
Total
2023
£
12
11
315
338
Total
2023
£
783
366
1,149

Page 15

Aston Manor Road Transport Museum Limited Notes to the Accounts

9 Expenditure on charitable activities

Unrestricted
Total
2024
£
£
Expenditure on charitable
activities
Museum entry
11,516
11,516
Membership subscriptions
187
187
Fundraising
1,368
1,368
Governance costs
13,071
13,071
10 Other expenditure
Unrestricted
Total
2024
£
£
Premises costs
39,942
39,942
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
249
249
General administrative costs
6,739
6,739
Legal and professional costs
6,930
6,930
53,860
53,860
11 Net expenditure before transfers
2024
This is stated after charging:
£
Depreciation of owned fixed assets
249
12 Trustee remuneration and expenses
2024
Number
Number of trustees paid expenses
6
The nature of the reimbursed expenses
Reimbursement of charity expenses.		 Total
2023
£
10,929
-
599
11,528
Total
2023
£
41,668
279
7,398
720
50,065
2023
£
279
2023
Number
6

13 Staff costs

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

Page 16

Aston Manor Road Transport Museum Limited Notes to the Accounts

14 Tangible fixed assets

Cost or revaluation
At 1 April 2023
Transfers
At 31 March 2024
Depreciation and
impairment
At 1 April 2023
Depreciation charge for the
year
At 31 March 2024
Net book values
At 31 March 2024
At 31 March 2023
15 Stocks
Finished goods
16 Debtors
Trade debtors
Other debtors
Prepayments and accrued income
17 Creditors:
amounts falling due within one year
Accruals		 Plant and
machinery
£
2,023
-
2,023
727
162
889
1,134
1,296		 Fixtures,
fittings &
equipment
£
148,085
8,399
156,484
-
-
-
156,484
148,085
2024
£
100
100
2024
£
80
(836)
5,237
4,481
2024
£
11,514
11,514		 TFA 4
£
3,112
-
3,112
2,937
87
3,024
88
175		 Total
£
153,220
8,399
161,619
3,664
249
3,913
157,706
149,556
2023
£
100
100
2023
£
90
(972)
5,073
4,191
2023
£
10,107
10,107

Page 17

Aston Manor Road Transport Museum Limited Notes to the Accounts

18 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
2023
871
871
84,337
112,070
112,070
197,278		 Incoming
resources
(including
other
gains/losses
)
£
-
-
51,813
8,399
8,399
60,212		 Resources
expended
£
-
-
(68,688)
(68,688)		 At 31
March
2024
£
871
871
67,462
120,469
120,469
188,802

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

19 Analysis of net assets between funds

Fixed assets
Net current assets
Reconciliation of net debt
Cash and cash equivalents
Net debt		 Unrestricted
funds
£
151,522
25,691
177,213
At 1 April
2023
£		 Restricted
funds
£
6,184
5,405
11,589
Cash flows
£		 Total
£
157,706
31,096
188,802
At 31
March
2024
£
53,538 (15,509) 38,029
53,538
53,538		 (15,509)
(15,509)		 38,029
38,029

20 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 2024

Income and endowments from:
Donations and legacies
Donations
Charitable activities
Vehicle rental
Museum entry
Membership subscriptions
Fundraising
Other trading activities
Shop
Cafeteria
Investments
Bank interest
Total income and endowments
Expenditure on:
Costs of other trading activities
Shop
Cafeteria
Total of expenditure on raising
funds
Charitable activities
Museum entry
Membership subscriptions
Fundraising
Total of expenditure on charitable
activities
Premises costs
Rent
Rates
Light, heat and power
Premises insurances		 Unrestricte
d funds
2024
£
10,820
10,820
13,847
8,418
1,961
900
25,126
13,922
1,461
15,383
458
26
-
484
51,813
1,065
692
1,757
1,757
11,516
187
1,368
13,071
13,071
32,000
2,915
2,103
2,176		 2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
2024
£
10,820
10,820
13,847
8,418
1,961
900
25,126
13,922
1,461
15,383
458
26
-
484
51,813
1,065
692
1,757
1,757
11,516
187
1,368
13,071
13,071
32,000
2,915
2,103
2,176		 Total funds
2023
£
4,908
4,908
7,002
10,331
1,072
1,617
20,022
8,447
916
9,363
12
11
315
338
34,631
783
366
1,149
1,149
10,929
-
599
11,528
11,528
32,000
5,310
1,925
2,093

Page 20

Aston Manor Road Transport Museum Limited Detailed Statement of Financial Activities

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
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 expenditure
Net expenditure before other
gains/(losses)
Other recognised gains and losses
Gains on revaluation of fixed
assets
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 748
39,942
162
-
87
538
3,845
70
696
935
655
6,988
720
6,210
6,930
53,860
68,688
-
(16,875)
(16,875)
8,399
-
(8,476)
196,407
187,931		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
871
871		 748
39,942
162
-
87
538
3,845
70
696
935
655
6,988
720
6,210
6,930
53,860
68,688
-
(16,875)
(16,875)
8,399
-
(8,476)
197,278
188,802		 340
41,668
162
-
117
471
3,598
168
784
1,361
1,016
7,677
720
-
720
50,065
62,742
-
(28,111)
(28,111)
7,000
-
(21,111)
218,389
197,278

Page 21

Aston Manor Road Transport Museum Limited

Charity No. 519216

Company No. 02114878

Trustees' Report and Unaudited Accounts

31 March 2024

Aston Manor Road Transport Museum Limited Contents

Pages
Trustees' Annual Report 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Summary Income and Expenditure Account 8
Balance Sheet 9 to 10
Statement of Cash flows 11
Notes to the Accounts 12 to 19
Detailed Statement of Financial Activities 20 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 2024.

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 D. Goodwin 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. Since last year’s report, our present landlord thought he had a buyer with a settlement date of July 1st 2023 but the intended buyer failed to complete at that time. It was then agreed that a continuation of the present lease terms would continue to June 30th 2024. Subsequently, and following support from the Mayor of the Combined West Midlands Authority, amongst others, a bid for funding to provide a consultant to review a possible survival business plan was successfully put together and he started working for us from late Autumn. Initially there was a possibility that we might be offered suitable space at a former bus garage in Birmingham, a property now owned by the City Council. With the Local Authority’s financial difficulties that no longer was a viable option so the plan reverted to an attempt to purchase the existing premises. Several bids for various types of funding have been made but within the scope of this report, none have been confirmed at this point in time. To assist with those funding bids 3 valuations have been obtained from commercial property surveyors and an agreement in principle to purchase over a 2 year period made with our landlord. This would involve stage payments and for him to retain a minority interest in the property for up to a further 5 year period. Reduced rental payments would ensue, though this remains a concern with the museum not generating enough income to covered those costs over the planned period. That issue was also part of the ongoing plan made by our consultant whereby two of the funding bids included monies to cover the cost of a part-time staff member to enable the museum to be able to move forward on a secure financial basis.

The museum continues to open to the public 3 days per week throughout the year and the review year has seen a significant increase in visitor numbers to reach the second-best total since moving to Aldridge. 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. However, this is the only building presently available to the museum if it is to continue to function as it has over more than 30 years – hence the serious attempt to find the means to acquire it. 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. Most meetings have been able to return to in person following the pandemic restrictions, the use of Zoom for meetings has significantly reduced this year. The policy stated in the paragraph above has been constant for many years.

ACHIEVEMENTS AND PERFORMANCE

Page 3

Aston Manor Road Transport Museum Limited Trustees Annual Report

During the review year the Museum was open on a regular basis, with an extra day during some school holidays. This resulted in overall visitor numbers exceeding 5000. In general though, 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, something, again, that the proposed funding bids may assist with. Pressure on funds continues as outlined above. Dialogue continues with the local authority, Walsall MBC, though this has been overtaken by support from the Combined Authority. With a paucity of attractions within the Borough, and HLF acknowledgement of overall under-funding in our area, together with Arts Council England, 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, recent inflationary trends are likely to place further pressure on finances in the not too distant future. 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 been stable, with no changes. 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

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 review this from time to time, so 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. This funding, though, has seen a steady decline in recent years and is an area we would like to improve

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.

Page 4

Aston Manor Road Transport Museum Limited Trustees Annual Report

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 10 September 2024

Page 5

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 2024.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the 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:

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 FCA Ian Richmond Limited Church Cottage Church Road Tettenhall West Midlands WV6 9AJ 10 September 2024

Page 6

Aston Manor Road Transport Museum Limited Statement of Financial Activities

for the year ended 31 March 2024

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Other trading activities
6
Investments
7
Total
Expenditure on:
Raising funds
8
Charitable activities
9
Other
10
Total
Net gains on investments
Net expenditure
11
Transfers between funds
Net expenditure 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
2024
£
10,820
25,126
15,383
484		 Restricted
funds
2024
£
-
-
-
-		 Total funds
2024
£
10,820
25,126
15,383
484		 Total funds
2023
£
4,908
20,022
9,363
338
51,813
1,757
13,071
53,860		 -
-
-
-		 51,813
1,757
13,071
53,860		 34,631
1,149
11,528
50,065
68,688
-		 -
-		 68,688
-		 62,742
-
(16,875)
-		 -
-		 (16,875)
-		 (28,111)
-
(16,875)
8,399		 -
-		 (16,875)
8,399		 (28,111)
7,000
(8,476)
196,407		 -
871		 (8,476)
197,278		 (21,111)
218,389
187,931 871 188,802 197,278

Page 7

Aston Manor Road Transport Museum Limited Summary Income and Expenditure Account

for the year ended 31 March 2024

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 expenditure before tax for the year
Net expenditure for the year		 2024
£
51,329
484
51,813
68,439
249
68,688
(16,875)
(16,875)		 2023
£
34,293
338
34,631
62,463
279
62,742
(28,111)
(28,111)

Page 8

Aston Manor Road Transport Museum Limited Balance Sheet

at 31 March 2024

Company No.
02114878
Notes
2024
£
Fixed assets
Tangible assets
14
157,706
157,706
Current assets
Stocks
15
100
Debtors
16
4,481
Cash at bank and in hand
38,029
42,610
Creditors:Amount falling due within one year
17
(11,514)
Net current assets
31,096
Total assets less current liabilities
188,802
Net assets excluding pension asset or liability
188,802
Total net assets
188,802
The funds of the charity
Restricted funds
18
Restricted income funds
871
871
Unrestricted funds
18
General funds
67,462
67,462
Reserves
18
Revaluation reserve
120,469
120,469
Total funds
188,802		 2023
£
149,556
149,556
100
4,191
53,538
57,829
(10,107)
47,722
197,278
197,278
197,278
871
871
84,337
84,337
112,070
112,070
197,278

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 2024 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 10 September 2024

And signed on its behalf by:

R.H. Gray

Page 9

Aston Manor Road Transport Museum Limited Balance Sheet

Trustee 10 September 2024

Page 10

Aston Manor Road Transport Museum Limited Statement of Cash flows for the year ended 31 March 2024

Cash flows from operating activities
Net expenditure per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
(Increase)/Decrease in trade and other receivables
Net cash used in operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from/(used in) investing activities
Net cash from financing activities
Net decrease 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		 2024
£
(8,476)
249
(484)
(290)
(9,001)
484
484
-
(8,517)
53,538
45,021
38,029
38,029		 2023
£
(21,111)
279
(338)
941
(20,229)
338
(5,846)
-
(26,075)
86,862
60,787
53,538
53,538

Page 11

Aston Manor Road Transport Museum Limited Notes to the Accounts

for the year ended 31 March 2024

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.

Fund accounting

Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity
income becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the
legacies the SoFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services These are only included in income (with an equivalent amount in expenditure)
and facilities where the benefit to the Charity is reasonably quantifiable, measurable and
material.
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 12

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.

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.

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.

Page 13

Aston Manor Road Transport Museum Limited Notes to the Accounts

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.

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

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
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		 Unrestricted
funds
2023
£
4,908
20,022
9,363
338
34,631
1,149
11,528
50,065
62,742
(28,111)
(28,111)
7,000
(21,111)
217,518
196,407		 Restricted
funds
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
871
871		 Total funds
2023
£
4,908
20,022
9,363
338
34,631
1,149
11,528
50,065
62,742
(28,111)
(28,111)
7,000
(21,111)
218,389
197,278

Page 14

Aston Manor Road Transport Museum Limited Notes to the Accounts

4 Income from donations and legacies

Donations
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
Expenditure on raising funds
Fundraising trading costs
Shop
Cafeteria		 Unrestricted
£
10,820
10,820
Unrestricted
£
13,847
8,418
1,961
900
25,126
Unrestricted
£
13,922
1,461
15,383
Unrestricted
£
458
26
-
484
Unrestricted
£
1,065
692
1,757		 Total
2024
£
10,820
10,820
Total
2024
£
13,847
8,418
1,961
900
25,126
Total
2024
£
13,922
1,461
15,383
Total
2024
£
458
26
-
484
Total
2024
£
1,065
692
1,757		 Total
2023
£
4,908
4,908
Total
2023
£
7,002
10,331
1,072
1,617
20,022
Total
2023
£
8,447
916
9,363
Total
2023
£
12
11
315
338
Total
2023
£
783
366
1,149

Page 15

Aston Manor Road Transport Museum Limited Notes to the Accounts

9 Expenditure on charitable activities

Unrestricted
Total
2024
£
£
Expenditure on charitable
activities
Museum entry
11,516
11,516
Membership subscriptions
187
187
Fundraising
1,368
1,368
Governance costs
13,071
13,071
10 Other expenditure
Unrestricted
Total
2024
£
£
Premises costs
39,942
39,942
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
249
249
General administrative costs
6,739
6,739
Legal and professional costs
6,930
6,930
53,860
53,860
11 Net expenditure before transfers
2024
This is stated after charging:
£
Depreciation of owned fixed assets
249
12 Trustee remuneration and expenses
2024
Number
Number of trustees paid expenses
6
The nature of the reimbursed expenses
Reimbursement of charity expenses.		 Total
2023
£
10,929
-
599
11,528
Total
2023
£
41,668
279
7,398
720
50,065
2023
£
279
2023
Number
6

13 Staff costs

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

Page 16

Aston Manor Road Transport Museum Limited Notes to the Accounts

14 Tangible fixed assets

Cost or revaluation
At 1 April 2023
Transfers
At 31 March 2024
Depreciation and
impairment
At 1 April 2023
Depreciation charge for the
year
At 31 March 2024
Net book values
At 31 March 2024
At 31 March 2023
15 Stocks
Finished goods
16 Debtors
Trade debtors
Other debtors
Prepayments and accrued income
17 Creditors:
amounts falling due within one year
Accruals		 Plant and
machinery
£
2,023
-
2,023
727
162
889
1,134
1,296		 Fixtures,
fittings &
equipment
£
148,085
8,399
156,484
-
-
-
156,484
148,085
2024
£
100
100
2024
£
80
(836)
5,237
4,481
2024
£
11,514
11,514		 TFA 4
£
3,112
-
3,112
2,937
87
3,024
88
175		 Total
£
153,220
8,399
161,619
3,664
249
3,913
157,706
149,556
2023
£
100
100
2023
£
90
(972)
5,073
4,191
2023
£
10,107
10,107

Page 17

Aston Manor Road Transport Museum Limited Notes to the Accounts

18 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
2023
871
871
84,337
112,070
112,070
197,278		 Incoming
resources
(including
other
gains/losses
)
£
-
-
51,813
8,399
8,399
60,212		 Resources
expended
£
-
-
(68,688)
(68,688)		 At 31
March
2024
£
871
871
67,462
120,469
120,469
188,802

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

19 Analysis of net assets between funds

Fixed assets
Net current assets
Reconciliation of net debt
Cash and cash equivalents
Net debt		 Unrestricted
funds
£
151,522
25,691
177,213
At 1 April
2023
£		 Restricted
funds
£
6,184
5,405
11,589
Cash flows
£		 Total
£
157,706
31,096
188,802
At 31
March
2024
£
53,538 (15,509) 38,029
53,538
53,538		 (15,509)
(15,509)		 38,029
38,029

20 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 2024

Income and endowments from:
Donations and legacies
Donations
Charitable activities
Vehicle rental
Museum entry
Membership subscriptions
Fundraising
Other trading activities
Shop
Cafeteria
Investments
Bank interest
Total income and endowments
Expenditure on:
Costs of other trading activities
Shop
Cafeteria
Total of expenditure on raising
funds
Charitable activities
Museum entry
Membership subscriptions
Fundraising
Total of expenditure on charitable
activities
Premises costs
Rent
Rates
Light, heat and power
Premises insurances		 Unrestricte
d funds
2024
£
10,820
10,820
13,847
8,418
1,961
900
25,126
13,922
1,461
15,383
458
26
-
484
51,813
1,065
692
1,757
1,757
11,516
187
1,368
13,071
13,071
32,000
2,915
2,103
2,176		 2024
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
2024
£
10,820
10,820
13,847
8,418
1,961
900
25,126
13,922
1,461
15,383
458
26
-
484
51,813
1,065
692
1,757
1,757
11,516
187
1,368
13,071
13,071
32,000
2,915
2,103
2,176		 Total funds
2023
£
4,908
4,908
7,002
10,331
1,072
1,617
20,022
8,447
916
9,363
12
11
315
338
34,631
783
366
1,149
1,149
10,929
-
599
11,528
11,528
32,000
5,310
1,925
2,093

Page 20

Aston Manor Road Transport Museum Limited Detailed Statement of Financial Activities

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
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 expenditure
Net expenditure before other
gains/(losses)
Other recognised gains and losses
Gains on revaluation of fixed
assets
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 748
39,942
162
-
87
538
3,845
70
696
935
655
6,988
720
6,210
6,930
53,860
68,688
-
(16,875)
(16,875)
8,399
-
(8,476)
196,407
187,931		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
871
871		 748
39,942
162
-
87
538
3,845
70
696
935
655
6,988
720
6,210
6,930
53,860
68,688
-
(16,875)
(16,875)
8,399
-
(8,476)
197,278
188,802		 340
41,668
162
-
117
471
3,598
168
784
1,361
1,016
7,677
720
-
720
50,065
62,742
-
(28,111)
(28,111)
7,000
-
(21,111)
218,389
197,278

Page 21