IRIS Accounts Production v24.3.0.553 Other Company accounts True false Pounds 1.2.23 31.1.24 31.1.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103306572023-01-31103306572024-01-31103306572023-02-012024-01-31103306572022-01-31103306572022-02-012023-01-31103306572023-01-3110330657ns0:CharitableCompanyLimitedByGuarantee2023-02-012024-01-3110330657ns15:PoundSterling2023-02-012024-01-3110330657ns11:FRS1022023-02-012024-01-3110330657ns11:IndependentExaminationCharity2023-02-012024-01-3110330657ns11:SmallCompaniesRegimeForAccounts2023-02-012024-01-3110330657ns11:FullAccounts2023-02-012024-01-3110330657ns11:CharitiesSORP2023-02-012024-01-3110330657ns16:EnglandWales2023-02-012024-01-3110330657ns0:Trustee12023-02-012024-01-3110330657ns0:Trustee22023-02-012024-01-3110330657ns0:Trustee32023-02-012024-01-3110330657ns0:Trustee42023-02-012024-01-3110330657ns0:Trustee52023-02-012024-01-3110330657ns11:CompanySecretary12023-02-012024-01-3110330657ns0:TotalUnrestrictedFunds2023-02-012024-01-3110330657ns0:TotalRestrictedIncomeFunds2023-02-012024-01-3110330657ns0:Activity82023-02-012024-01-3110330657ns0:Activity8ns0:TotalUnrestrictedFunds2023-02-012024-01-3110330657ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-02-012024-01-3110330657ns0:Activity82022-02-012023-01-3110330657ns0:TotalUnrestrictedFunds2023-01-3110330657ns0:TotalRestrictedIncomeFunds2023-01-3110330657ns0:TotalUnrestrictedFunds2024-01-3110330657ns0:TotalRestrictedIncomeFunds2024-01-3110330657ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-01-3110330657ns0:TotalRestrictedIncomeFundsns10:WithinOneYear2024-01-3110330657ns10:WithinOneYear2024-01-3110330657ns10:WithinOneYear2023-01-3110330657ns0:TotalUnrestrictedFundsns10:AfterOneYear2024-01-3110330657ns10:AfterOneYearns0:TotalRestrictedIncomeFunds2024-01-3110330657ns10:AfterOneYear2024-01-3110330657ns10:AfterOneYear2023-01-3110330657ns10:FurnitureFittingsToolsEquipment2023-02-012024-01-311033065722023-02-012024-01-311033065732023-02-012024-01-3110330657ns10:OwnedAssets2023-02-012024-01-3110330657ns10:OwnedAssets2022-02-012023-01-3110330657ns0:TotalUnrestrictedFunds2022-02-012023-01-3110330657ns0:TotalRestrictedIncomeFunds2022-02-012023-01-3110330657ns0:Activity8ns0:TotalUnrestrictedFunds2022-02-012023-01-3110330657ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-02-012023-01-3110330657ns10:FurnitureFittings2023-01-3110330657ns10:FurnitureFittings2023-02-012024-01-3110330657ns10:FurnitureFittings2024-01-3110330657ns10:FurnitureFittings2023-01-3110330657ns10:WithinOneYear2022-01-3110330657ns10:BetweenTwoFiveYears2024-01-3110330657ns10:BetweenTwoFiveYears2023-01-31
REGISTERED COMPANY NUMBER: 10330657 (England and Wales)
REGISTERED CHARITY NUMBER: 1175465










REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

THE SOUTH WALES TRANSPORT PRESERVATION
GROUP LTD

THE SOUTH WALES TRANSPORT PRESERVATION
GROUP LTD






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 14

THE SOUTH WALES TRANSPORT PRESERVATION
GROUP LTD (REGISTERED NUMBER: 10330657)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present here their report with the financial statements of the charity for the year ended 31 January 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective of the South Wales Transport Preservation Group Ltd is to further public education about the important contribution made by all forms of transport and associated industries in the continually developing history of Swansea and its surrounding region. This includes establishing links with a diversity of groups and associations in the area and beyond. It has strong links with Swansea Museum Service for whom it displays historic vehicles that they are unable to accommodate, keeping them within public view. It is also proud to engage regularly with the work of the National Association of Road Transport Museums, of which it is a member.

Significant activities
The main activities of the group are linked to the procurement, maintenance, and restoration of vehicles and artefacts at the group's base which operates under the banner of Swansea Bus Museum & Transport Heritage Centre. The vehicles which are of historic or nostalgic significance are displayed in the only working museum of its kind in the region. This allows them to be viewed by the public. During this year a number of vehicles were brought into the fold, each playing a part in strengthening stature and increasing visitor appeal. These included a 2003 bus donated out of service by First Cymru as well as a 1957 Bedford fire engine donated by the son of its late former private owner. As an additional attraction to visitors a large-scale slot car racing track added to the appeal established by the building of the only model railway system available for regular public viewing in Wales and for some miles beyond.

Volunteers
Volunteers form an important part of the award-winning museum's contribution to the part it plays in the community. They assist in many of the restoration and maintenance duties, dependant on their skills and experience, as well as assisting in caring for the growing number of displays. Additionally, they provide a useful service as guides to visitors, not only local, but those from further afield who seek to visit as tourists. During 2023 the contribution of volunteers was rewarded when the museum was awarded prestigious Visit Wales recognition allowing it to display a quality assurance sign on all its operating fronts. There is no doubt that the significance of this will continue to be felt in the years ahead.

Revenue Support
The museum is one of a small number of transport preservation facilities in the UK that holds a Passenger Carrying Operator's Licence allowing it to run several heritage buses in a revenue earning capacity. This requires the vehicles to be brought up to, and maintained at, Class 6 MOT PCV standard. They are tested on a six-weekly basis by an independent private company. Vehicles within the collection frequently offer visitors the opportunity to take a trip back in time. Similar opportunities during this period were provided for groups, schools, weddings and other private family occasion trips. Funds generated in this way assist in building financial support for furtherance of the work and growth of the group as well as helping ensure that the site rentals is paid on time and every time. The museum aims to offset a significant proportion of its heavy building rental and operational cost burden by staging events and shows which attract increased footfall and revenue. These events have proved popular in the local calendar and continue to grow. Grant funded projects have been examined and continue to be pursued. During the period of this report a savings fund previously established has continued to grow albeit in a slow and steady manner. Most This continues to benefit from rising interest rates.

Financial Challenges
These remained significant. The effects of the Covid 19 pandemic continued to be felt despite the passing of some years. Continued prudent budgeting by directors helped maintain some momentum, but the recovery has been hampered by further unstable financial influences. These have taken their toll on funds in many ways, with increased electricity costs and fuel for operating vehicles among them. A determined approach to such hurdles has ensured progress was maintained. The winter months of December, January and February continued to be impacted by reduced cash flow. This was once again eased in co-operation with the landlords by halving the rent for these three months and then repaying over the following three months during a time when there were several significant cash generating events in the building.

FINANCIAL REVIEW
The total income of £102,359 (2023: £73,538) was spent on direct charitable expenditure totalling £100,527 (2023: £77,531) resulting in a net income of £1,832 (2023: £3,993 net loss).

The unrestricted funds at 31 January 2024 were £73,033 (2023: £70,771).
The restricted funds at 31 January 2024 were £2,903 (2023: £ 3,333).


THE SOUTH WALES TRANSPORT PRESERVATION
GROUP LTD (REGISTERED NUMBER: 10330657)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JANUARY 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
10330657 (England and Wales)

Registered Charity number
1175465

Registered office

Trustees
D A Roberts
J R Adams
R D Gale
A West
C T Scott

Company Secretary
D A Roberts

Independent Examiner
Michael Jones
Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

Approved by order of the board of trustees on 14 May 2024 and signed on its behalf by:





D A Roberts - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE SOUTH WALES TRANSPORT PRESERVATION
GROUP LTD

Independent examiner's report to the trustees of The South Wales Transport Preservation Group Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 January 2024.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Michael Jones

Bevan Buckland LLP
Ground Floor Cardigan House
Castle Court
Swansea Enterprise Park
Swansea
SA7 9LA

14 May 2024

THE SOUTH WALES TRANSPORT PRESERVATION
GROUP LTD

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JANUARY 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 88,323 515 88,838 61,916

Other trading activities 2 13,414 - 13,414 11,618
Other income 107 - 107 4
Total 101,844 515 102,359 73,538

EXPENDITURE ON
Raising funds 7,608 - 7,608 7,319

Charitable activities
Charitable Activities 91,974 945 92,919 70,212
Total 99,582 945 100,527 77,531

NET INCOME/(EXPENDITURE) 2,262 (430 ) 1,832 (3,993 )


RECONCILIATION OF FUNDS
Total funds brought forward 70,771 3,333 74,104 78,097

TOTAL FUNDS CARRIED FORWARD 73,033 2,903 75,936 74,104

THE SOUTH WALES TRANSPORT PRESERVATION
GROUP LTD (REGISTERED NUMBER: 10330657)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 13,860 - 13,860 16,170
Heritage assets 8 48,050 - 48,050 35,550
61,910 - 61,910 51,720

CURRENT ASSETS
Debtors 9 8,931 - 8,931 6,758
Cash at bank and in hand 11,566 2,903 14,469 26,348
20,497 2,903 23,400 33,106

CREDITORS
Amounts falling due within one year 10 (5,685 ) - (5,685 ) (4,583 )

NET CURRENT ASSETS 14,812 2,903 17,715 28,523

TOTAL ASSETS LESS CURRENT LIABILITIES 76,722 2,903 79,625 80,243

CREDITORS
Amounts falling due after more than one year 11 (3,689 ) - (3,689 ) (6,139 )

NET ASSETS 73,033 2,903 75,936 74,104
FUNDS 13
Unrestricted funds 73,033 70,771
Restricted funds 2,903 3,333
TOTAL FUNDS 75,936 74,104

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


The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


THE SOUTH WALES TRANSPORT PRESERVATION
GROUP LTD (REGISTERED NUMBER: 10330657)

BALANCE SHEET - continued
31 JANUARY 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 14 May 2024 and were signed on its behalf by:





D A Roberts - Trustee

THE SOUTH WALES TRANSPORT PRESERVATION
GROUP LTD

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Donations
Donations (including those raised through volunteer fundraising) are recognised when income has been received. Gift Aid income on donations is accrued when there is a valid declaration from the donor.

Donated goods
Where the donated good is a fixed asset it will be measured at fair value, unless it is impractical to measure this reliability, in which case the cost of the item to the donor will be used. The gain will be recognised as income from donations and a corresponding amount will be included in the appropriate fixed asset category and depreciated over the useful economic life in accordance with the Charity's accounting policy.

Subscription income
Subscription income provided which amounts to a donation will be recognised in the SOFA in the period in which it is receivable, where there are no performance-related conditions, where the receipt is probable and it can be measured reliably.

Other income
Other income, including the hire of facilities, will be recognised in the period it is receivable and to the extent the Charity has provided the goods or services.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

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


Fixtures, fittings & exhibits - 10% on cost

Depreciation is not charged in year of acquisition.

Heritage assets
Heritage assets are historic vehicles, maintained for the running of the museum. The trustees have concluded that a useful life of these assets can not be determined due to the nature of the assets and therefore these assets are not depreciated.

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

THE SOUTH WALES TRANSPORT PRESERVATION
GROUP LTD

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

1. ACCOUNTING POLICIES - continued

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's statement of financial position when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Trade debtors, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Interest is recognised by applying the effective interest rate, except for short-term receivables when the recognition of interest would be immaterial. The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.


Basic financial liabilities
Basic financial liabilities, including trade and other payables and bank loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


THE SOUTH WALES TRANSPORT PRESERVATION
GROUP LTD

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

1. ACCOUNTING POLICIES - continued

Financial instruments
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

Cash at bank and cash in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Functional and Presentation Currency
The charity's functional and presentation currency is pounds sterling.

Going Concern
The accounts have been prepared on the going concern basis, on the understanding that the trustees and guarantors have reviewed forecasts, projections and future funding, taking account of reasonably possible changes and are satisfied that the charity will be able to operate within the level of its current funds.

2. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Bus hire income 13,414 11,618

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 2,310 2,310

4. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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



THE SOUTH WALES TRANSPORT PRESERVATION
GROUP LTD

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

5. STAFF COSTS

Average number of employees for the year was 0.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 61,916 - 61,916

Other trading activities 11,618 - 11,618
Other income 4 - 4
Total 73,538 - 73,538

EXPENDITURE ON
Raising funds 7,319 - 7,319

Charitable activities
Charitable Activities 69,812 400 70,212
Total 77,131 400 77,531

NET INCOME/(EXPENDITURE) (3,593 ) (400 ) (3,993 )


RECONCILIATION OF FUNDS
Total funds brought forward 74,364 3,733 78,097

TOTAL FUNDS CARRIED FORWARD 70,771 3,333 74,104

7. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& exhibits
£   
COST
At 1 February 2023 and 31 January 2024 23,100
DEPRECIATION
At 1 February 2023 6,930
Charge for year 2,310
At 31 January 2024 9,240
NET BOOK VALUE
At 31 January 2024 13,860
At 31 January 2023 16,170


THE SOUTH WALES TRANSPORT PRESERVATION
GROUP LTD

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

8. HERITAGE ASSETS
Total
£   
MARKET VALUE
At 1 February 2023 35,550
Additions 12,500
At 31 January 2024 48,050
NET BOOK VALUE
At 31 January 2024 48,050
At 31 January 2023 35,550

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,549 6,372
Prepayments 382 386
8,931 6,758

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 12) 2,445 2,445
Accrued expenses 3,240 2,138
5,685 4,583

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans (see note 12) 3,689 6,139

12. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year on demand:
Other loans 2,445 2,445
Amounts falling due between two and five years:
Other loans - 2-5 years 3,689 6,139


THE SOUTH WALES TRANSPORT PRESERVATION
GROUP LTD

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

13. MOVEMENT IN FUNDS
Net
movement At
At 1.2.23 in funds 31.1.24
£    £    £   
Unrestricted funds
General fund 19,051 (7,928 ) 11,123
Designated Capital Spend 51,720 10,190 61,910
70,771 2,262 73,033
Restricted funds
Moondance Foundation 3,333 (430 ) 2,903

TOTAL FUNDS 74,104 1,832 75,936

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 89,344 (97,272 ) (7,928 )
Designated Capital Spend 12,500 (2,310 ) 10,190
101,844 (99,582 ) 2,262
Restricted funds
Moondance Foundation 515 (945 ) (430 )

TOTAL FUNDS 102,359 (100,527 ) 1,832


Comparatives for movement in funds

Net
movement At
At 1.2.22 in funds 31.1.23
£    £    £   
Unrestricted funds
General fund 20,334 (1,283 ) 19,051
Designated Capital Spend 54,030 (2,310 ) 51,720
74,364 (3,593 ) 70,771
Restricted funds
Moondance Foundation 3,733 (400 ) 3,333

TOTAL FUNDS 78,097 (3,993 ) 74,104

THE SOUTH WALES TRANSPORT PRESERVATION
GROUP LTD

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

13. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 73,538 (74,821 ) (1,283 )
Designated Capital Spend - (2,310 ) (2,310 )
73,538 (77,131 ) (3,593 )
Restricted funds
Moondance Foundation - (400 ) (400 )

TOTAL FUNDS 73,538 (77,531 ) (3,993 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.2.22 in funds 31.1.24
£    £    £   
Unrestricted funds
General fund 20,334 (9,211 ) 11,123
Designated Capital Spend 54,030 7,880 61,910
74,364 (1,331 ) 73,033
Restricted funds
Moondance Foundation 3,733 (830 ) 2,903

TOTAL FUNDS 78,097 (2,161 ) 75,936

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 162,882 (172,093 ) (9,211 )
Designated Capital Spend 12,500 (4,620 ) 7,880
175,382 (176,713 ) (1,331 )
Restricted funds
Moondance Foundation 515 (1,345 ) (830 )

TOTAL FUNDS 175,897 (178,058 ) (2,161 )

Description of Funds:

Designated Capital Spend
The Designated capital spend represents the funds that the charity has committed on fixed assets and will reduce in line with the deprecation on those assets.

Moondance Covid-19 Relief Fund
Restricted funding towards building rental, static directional advertising and street signage, and improvements to visitor facilities.

THE SOUTH WALES TRANSPORT PRESERVATION
GROUP LTD

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

14. RELATED PARTY DISCLOSURES

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