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Company Limited by Guarantee |
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COMPANY LIMITED BY GUARANTEE |
FINANCIAL STATEMENTS |
Page |
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Trustees' Annual Report (Incorporating the Director's Report) |
1 |
Independent Examiner's Report to the Trustees |
5 |
Statement of Financial Activities (Including Income and Expenditure Account) |
6 |
Statement of Financial Position |
7 |
Statement of Cash Flows |
8 |
Notes to the Financial Statements |
9 |
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COMPANY LIMITED BY GUARANTEE |
TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) |
Registered charity name |
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Charity registration number |
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Company registration number |
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Principal office and registered |
Museum of Transport |
office |
Boyle Street |
Cheetham |
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MANCHESTER |
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M8 8UW |
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(Resigned
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Company Secretary |
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Independent Examiner |
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Baird House |
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Seebeck Place |
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Knowlhill |
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MILTON KEYNES |
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Buckinghamshire |
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MK5 8FR |
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Trustee |
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COMPANY LIMITED BY GUARANTEE |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
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COMPANY LIMITED BY GUARANTEE |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCLUDING INCOME AND EXPENDITURE ACCOUNT) |
Period from 1 Aug 23 to 30 Jun 24 |
Year to 31 Jul 23 |
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Unrestricted funds |
Total funds |
Total funds |
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Note |
£ |
£ |
£ |
Donations and legacies |
5 |
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Investment income |
6 |
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--------- |
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Total income |
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-------- |
--------- |
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Expenditure on charitable activities |
7,8 |
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-------- |
-------- |
--------- |
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Total expenditure |
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--------- |
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-------- |
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Net income |
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-------- |
-------- |
--------- |
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Net gains/(losses) on investments |
212,249 |
212,249 |
18,439 |
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--------- |
--------- |
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Net movement in funds |
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Total funds brought forward |
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Total funds carried forward |
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COMPANY LIMITED BY GUARANTEE |
STATEMENT OF FINANCIAL POSITION |
30 Jun 24 |
31 Jul 23 |
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Note |
£ |
£ |
£ |
£ |
Investments |
13 |
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Debtors |
14 |
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Cash at bank and in hand |
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--------- |
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Creditors: Amounts Falling due Within One Year |
15 |
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--------- |
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Net Current Assets |
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Total Assets Less Current Liabilities |
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Net Assets |
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Unrestricted funds |
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------------ |
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Total charity funds |
16 |
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Trustee |
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COMPANY LIMITED BY GUARANTEE |
STATEMENT OF CASH FLOWS |
30 Jun 24 |
31 Jul 23 |
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£ |
£ |
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Net income |
26,580 |
103,970 |
Adjustments for: |
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Dividends, interest and rents from investments |
(69,948) |
(57,012) |
Other interest receivable and similar income |
(
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(
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Accrued expenses/(income) |
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(
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Changes in: |
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Trade and other debtors |
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(
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Trade and other creditors |
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-------- |
--------- |
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Cash generated from operations |
(
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Interest received |
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-------- |
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Net cash (used in)/from operating activities |
(
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-------- |
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Dividends, interest and rents from investments |
69,948 |
57,012 |
Purchases of other investments |
(
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(
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Proceeds from sale of other investments |
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------------ |
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Net cash from/(used in) investing activities |
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(
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--------- |
------------ |
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Net Decrease in Cash and Cash Equivalents |
(
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(
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Cash and Cash Equivalents at Beginning of Period |
108,882 |
113,233 |
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Cash and Cash Equivalents at End of Period |
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COMPANY LIMITED BY GUARANTEE |
NOTES TO THE FINANCIAL STATEMENTS |
Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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General Donations |
40 |
40 |
126 |
126 |
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Trustee's Donations |
921 |
921 |
502 |
502 |
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Neil Millington Legacy |
– |
– |
67,926 |
67,926 |
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Membership Subscriptions |
2,538 |
2,538 |
1,404 |
1,404 |
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------- |
------- |
-------- |
-------- |
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------- |
------- |
-------- |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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Income from listed investments |
49,209 |
49,209 |
49,186 |
49,186 |
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Income from cash investments |
20,739 |
20,739 |
7,826 |
7,826 |
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Bank Interest Receivable |
677 |
677 |
341 |
341 |
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-------- |
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-------- |
-------- |
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Unrestricted Funds |
Total Funds 2024 |
Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
£ |
£ |
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1,325 |
1,325 |
1,240 |
1,240 |
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NARTM Leaflet |
1,203 |
1,203 |
1,860 |
1,860 |
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Guide to the National Collection |
24,245 |
24,245 |
600 |
600 |
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Support costs |
20,771 |
20,771 |
19,641 |
19,641 |
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-------- |
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Activities undertaken directly |
Support costs |
Total funds 2024 |
Total fund 2023 |
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£ |
£ |
£ |
£ |
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Membership Services |
– |
1,253 |
1,253 |
730 |
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1,325 |
– |
1,325 |
1,240 |
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NARTM Leaflet |
1,203 |
– |
1,203 |
1,860 |
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Neil Millington Legacy |
– |
– |
– |
(600) |
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Legacy Investment Fund |
– |
18,816 |
18,816 |
19,018 |
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Guide to the National Collection |
24,245 |
– |
24,245 |
600 |
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Governance costs |
– |
702 |
702 |
493 |
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-------- |
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-------- |
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Membership Services |
Legacy Investment Fund |
Total 2024 |
Total 2023 |
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£ |
£ |
£ |
£ |
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Communications and IT |
174 |
– |
174 |
162 |
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General office |
1,079 |
– |
1,079 |
568 |
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Governance costs |
702 |
– |
702 |
493 |
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Investment Manager Fee |
– |
18,816 |
18,816 |
19,018 |
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Legal Fees |
– |
– |
– |
(600) |
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------- |
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1,955 |
18,816 |
20,771 |
19,641 |
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Period from |
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1 Aug 23 to |
Year to |
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30 Jun 24 |
31 Jul 23 |
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£ |
£ |
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Independent examination of the financial statements |
480 |
480 |
---- |
---- |
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Cash or cash equivalents |
Listed investments |
Total |
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£ |
£ |
£ |
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Cost or valuation |
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At 1 August 2023 |
17,661 |
2,325,008 |
2,342,669 |
Additions |
68,591 |
612,414 |
681,005 |
Disposals |
(68,523) |
(561,008) |
(629,531) |
Fair value movements |
– |
212,249 |
212,249 |
-------- |
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At 30 June 2024 |
17,729 |
2,588,663 |
2,606,392 |
-------- |
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Impairment |
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At 1 August 2023 and 30 June 2024 |
– |
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Carrying amount |
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At 30 June 2024 |
17,729 |
2,588,663 |
2,606,392 |
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At 31 July 2023 |
17,661 |
2,325,008 |
2,342,669 |
-------- |
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30 Jun 24 |
31 Jul 23 |
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£ |
£ |
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Prepayments and accrued income |
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– |
Other debtors |
– |
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------- |
---- |
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------- |
---- |
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30 Jun 24 |
31 Jul 23 |
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£ |
£ |
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Accruals and deferred income |
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Membership Subscriptions |
100
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25
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Other creditors |
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------- |
------- |
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At 1 Aug 2023 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 30 Jun 2024 |
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£ |
£ |
£ |
£ |
£ |
£ |
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General funds |
6,893 |
4,175 |
(4,483) |
– |
– |
6,585 |
Guide to the National Collection |
25,400 |
– |
(24,245) |
38,845 |
– |
40,000 |
Neil Millington Legacy |
2,376,360 |
– |
– |
– |
212,249 |
2,588,609 |
Legacy Income |
38,224 |
69,949 |
(18,816) |
(88,845) |
– |
512 |
Grant Scheme |
– |
– |
– |
50,000 |
– |
50,000 |
------------ |
-------- |
-------- |
-------- |
--------- |
------------ |
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2,446,877 |
74,124 |
(47,544) |
– |
212,249 |
2,685,706 |
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-------- |
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At 1 Aug 2022 |
Income |
Expenditure |
Transfers |
Gains and losses |
At 31 Jul 2023 |
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£ |
£ |
£ |
£ |
£ |
£ |
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General funds |
8,843 |
2,373 |
(4,323) |
– |
– |
6,893 |
Guide to the National Collection |
26,000 |
– |
(600) |
– |
– |
25,400 |
Neil Millington Legacy |
2,289,395 |
67,926 |
600 |
– |
18,439 |
2,376,360 |
Legacy Income |
230 |
57,012 |
(19,018) |
– |
– |
38,224 |
Grant Scheme |
– |
– |
– |
– |
– |
– |
------------ |
--------- |
-------- |
---- |
-------- |
------------ |
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2,324,468 |
127,311 |
(23,341) |
– |
18,439 |
2,446,877 |
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------------ |
--------- |
-------- |
---- |
-------- |
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Unrestricted Funds |
Total Funds 2024 |
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£ |
£ |
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Investments |
2,606,392 |
2,606,392 |
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Current assets |
88,633 |
88,633 |
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Creditors less than 1 year |
(9,319) |
(9,319) |
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------------ |
------------ |
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Net assets |
2,685,706 |
2,685,706 |
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------------ |
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Unrestricted Funds |
Total Funds 2023 |
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£ |
£ |
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Investments |
2,342,669 |
2,342,669 |
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Current assets |
109,384 |
109,384 |
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Creditors less than 1 year |
(5,176) |
(5,176) |
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Net assets |
2,446,877 |
2,446,877 |
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At 1 Aug 2023 |
Cash flows |
At 30 Jun 2024 |
|
£ |
£ |
£ |
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Cash at bank and in hand |
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(23,718) |
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--------- |
-------- |
-------- |
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