| Grampian Transport Museum Trust |
| Registered number: |
SC130066 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
247,119 |
|
|
260,589 |
|
| Current assets |
| Stocks |
|
|
1,813 |
|
|
3,159 |
| Debtors |
4 |
|
19,114 |
|
|
14,096 |
| Instant Access Account |
|
|
122,686 |
|
|
113,454 |
| Petty Cash |
|
|
- |
|
|
(182) |
| Cash at bank and in hand |
|
|
53,799 |
|
|
15,969 |
|
|
|
197,412 |
|
|
146,496 |
|
| Creditors: amounts falling due within one year |
5 |
|
(7,043) |
|
|
(25,943) |
|
| Net current assets |
|
|
|
190,369 |
|
|
120,553 |
|
| Net assets |
|
|
|
437,488 |
|
|
381,142 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| General Fund |
|
|
|
329,801 |
|
|
247,997 |
| Circuit Fund |
|
|
|
21,235 |
|
|
21,235 |
| Reserve Fund |
|
|
|
61,264 |
|
|
73,472 |
| Road Safety Project Fund |
|
|
|
171 |
|
|
171 |
| Mortier Fund |
|
|
|
21,216 |
|
|
35,004 |
| Sentinel Fund |
|
|
|
1,591 |
|
|
1,053 |
| Durant Restoration Fund |
|
|
|
2,210 |
|
|
2,210 |
|
| Total Funds |
|
|
|
437,488 |
|
|
381,142 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Roderck Matheson |
| Trustee |
| Approved by the board on 20 November 2025 |
|
| Grampian Transport Museum Trust |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
5 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
341,326 |
|
126,280 |
|
4,015 |
|
471,621 |
|
Additions |
- |
|
3,819 |
|
- |
|
3,819 |
|
At 31 March 2025 |
341,326 |
|
130,099 |
|
4,015 |
|
475,440 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
98,056 |
|
108,791 |
|
4,185 |
|
211,032 |
|
Charge for the year |
11,378 |
|
6,081 |
|
(170) |
|
17,289 |
|
At 31 March 2025 |
109,434 |
|
114,872 |
|
4,015 |
|
228,321 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
231,892 |
|
15,227 |
|
- |
|
247,119 |
|
At 31 March 2024 |
243,270 |
|
17,489 |
|
(170) |
|
260,589 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Daily Takings |
- |
|
9,782 |
|
Trade debtors |
12,087 |
|
4,314 |
|
Other debtors |
7,027 |
|
- |
|
|
|
|
|
|
19,114 |
|
14,096 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Accruals |
1,300 |
|
- |
|
Trade creditors |
3,431 |
|
25,017 |
|
Taxation and social security costs |
1,812 |
|
895 |
|
Other creditors |
500 |
|
31 |
|
|
|
|
|
|
7,043 |
|
25,943 |
|
|
| 6 |
Funds |
2025 |
|
2024 |
| £ |
£ |
|
Restricted Funds |
|
Mortier Fund |
|
|
|
|
21,216 |
|
35,004 |
|
Sentinel Fund |
1,591 |
|
1,053 |
|
Durant Restoration Fund |
|
|
|
|
2,210 |
|
2,210 |
|
|
Total Restricted |
25,017 |
|
38,267 |
|
|
|
|
|
|
|
|
|
|
Unrestricted Funds |
|
General Fund |
|
|
|
|
329,801 |
|
247,997 |
|
Circuit Fund |
21,235 |
|
21,235 |
|
Reserve Fund |
|
|
|
|
61,264 |
|
73,472 |
|
Road Safety Project Fund |
|
|
|
|
171 |
|
171 |
|
|
Total Unrestricted |
|
|
|
|
412,471 |
|
342,875 |
|
|
|
|
|
|
|
|
|
|
Total Funds |
|
|
|
|
437,488 |
|
381,142 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Grampian Transport Museum Trust is a charity limited by guarantee and incorporated in Scotland. Its registered office is: |
|
Grampian transport Museum |
|
Alford |
|
Aberdeenshire |
|
AB33 8AF |