Grampian Transport Museum Trust,Ltd - AccountsChartiy- Accounts
Grampian Transport Museum Trust,Ltd - AccountsChartiy- Accounts
| (Scotland) |
| Company number: SC130066 |
| Charity number: SC017625 |
For the year ended 31 March 2022
Report of the Trustees and Unaudited Financial Statements
2
For the year ended 31 March 2022
Grampian Transport Museum Trust
Contents Page
1 to 2
Report of the Trustees
3
Independent Examiner's Report to the Trustees
4
Statement of Financial Activities
5
Statement of Financial Position
6 to 13
Notes to the Financial Statements
3
For the year ended 31 March 2022
Grampian Transport Museum Trust
Report of the Trustees
| The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the |
| financial statements for the charitable company for the year ended 31 March 2022. 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 the Republic of Ireland (FRS |
| 102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES
Objectives and aims
| REFERENCE AND ADMINISTRATIVE INFORMATION |
| Name of Charity |
| Charity registration number |
| Company registration number |
| Principal address |
| Trustees |
The trustees and officers serving during the year and since the year end were as follows:
| (Resigned: 30 November 2021) |
| (Resigned: 30 September 2021) |
| (Appointed: 30 September 2021) |
| (Appointed: 30 September 2021) |
| (Appointed: 30 September 2021) |
| (Resigned: 30 September 2021) |
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4
For the year ended 31 March 2022
Grampian Transport Museum Trust
Report of the Trustees Continued
| Secretary |
| (Appointed: 30 September 2021) |
| Independent examiners |
30 Binghill Road West
Milltimber
Aberdeen
AB13 0JB
| ............................................................................. |
| Approved by the Board of Trustees and signed on its behalf by |
| Mr J Dorey |
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5
For the year ended 31 March 2022
Grampian Transport Museum Trust
Independent Examiners Report to the Trustees
| Responsibilities and basis of report |
| Independent examiners statement |
| Since the Company is required by law to prepare its accounts on an accruals basis and is registered in Scotland, your |
| examiner must be a member of a body listed in Regulation 11(2) of the Charities Accounts (Scotland) Regulations 2006 (as |
| amended). I confirm that I am qualified to undertake the examination by virtue of my membership of , which is one of the |
| listed bodies. |
| 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 that in any material respect: |
| 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act and Regulation 4 |
| of the Charities Accounts (Scotland) Regulations 2006 (as amended); or |
| 2. the accounts do not accord with those records with the accounting requirements of Regulation 8 of the Charities Accounts |
| (Scotland) Regulations 2006; 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. |
Stephen Milne
Stephen Milne Chartered Management Accountants
30 Binghill Road West
Milltimber
Aberdeen
AB13 0JB
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For the year ended 31 March 2022
Grampian Transport Museum Trust
Statement of Financial Activities (including Income and Expenditure Account)
| Notes |
2021
2022
| Restricted |
| funds |
| Unrestricted |
| funds |
| £ |
| £ |
| £ |
| £ |
| Income and endowments from: |
| Donations and legacies |
2
| Charitable activities |
3
29,487
115,786
-
115,786
Museum Admission Fees
5,640
8,110
-
8,110
Members Subscriptions
(11)
-
-
-
Events and Catering Income
11,890
8,750
-
8,750
Vehicle Storage Fees
8,568
4,031
-
4,031
| Aberdeen transport preservation |
| trust |
23,312
24,554
-
24,554
Other Income
237,864
116,241
-
116,241
Grants
| Other trading activites |
4
19,107
-
19,107
-
| Shop income |
-
-
-
3,903
| Shop Income |
37,353
-
37,353
10,004
| Tea Room Sales |
| Investments |
5
142
91
-
91
| Bank interest receivable |
| Total |
| Expenditure on: |
| Raising funds |
6
(11,738)
(22,079)
-
(22,079)
| Fundraising trading: cost of |
| goods sold and other costs |
| Charitable activities |
7/8
(274,827)
(408,169)
-
(408,169)
General Activities
| Total |
(430,248 )
(286,565 )
(430,248 )
(67,068 )
(67,068 )
| Net income/expenditure |
| Reconciliation of funds |
| Total funds brought forward |
413,019
492,653
7,372
485,281
| Total funds carried forward |
418,213
7,372
425,585
492,653
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7
| Registered Number : |
| As at |
Grampian Transport Museum Trust
Statement of Financial Position
| £ |
| £ |
| Notes |
2022
2021
| Fixed assets |
| Tangible assets |
12
| Current assets |
| Stocks |
13
14
Debtors: amounts falling due within one year
| Debtors: amounts falling due after more than one year |
14
| Cash at bank and in hand |
| Creditors: amounts falling due within one year |
15
Net current assets
204,272
| Total assets less current liabilities |
| Creditors: amounts falling due after more than one year |
(898 )
(10,443 )
16
Net assets
| The funds of the charity |
| Restricted income funds |
17
| Unrestricted income funds |
17
| Total funds |
| The financial statements were approved and authorised for issue by the Board and signed on its behalf by: |
| Mr J Dorey |
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8
For the year ended 31 March 2022
Grampian Transport Museum Trust
Notes to the Financial Statements
| 1. Accounting Policies |
| Basis of accounting |
| Going concern |
| 2. Income from donations and legacies |
2021
2022
| £ |
| £ |
| Unrestricted funds |
| Donations received |
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9
For the year ended 31 March 2022
Grampian Transport Museum Trust
Notes to the Financial Statements Continued
| 3. Income from charitable activities |
2021
2022
| £ |
| £ |
| Unrestricted funds |
Museum Admission Fees
115,786
29,487
| Income from charitable |
| activities |
Members Subscriptions
8,110
5,640
Members Subscriptions
Events and Catering Income
-
(11)
Events
Vehicle Storage Fees
8,750
11,890
Storage Fees
| Aberdeen transport preservation |
| trust |
4,031
8,568
ATPT
Other Income
24,554
23,312
Other Income
Grants
116,241
237,864
Grants
| 4. Income earned from other activities |
2021
2022
| £ |
| £ |
| Unrestricted funds |
| Shop income |
3,903
-
Shop Income
10,004
37,353
Tea Room Sales
| 5. Investment income |
2021
2022
| £ |
| £ |
| Unrestricted funds |
| Bank interest receivable |
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For the year ended 31 March 2022
Grampian Transport Museum Trust
Notes to the Financial Statements Continued
| 6. Expenditure on other trading activities |
2021
2022
| £ |
| £ |
| Unrestricted funds |
Fund raising events
22,079
11,738
| 7. Costs of charitable activities by fund type |
2021
2022
| £ |
| £ |
| Unrestricted funds |
254,761
381,580
General Activities
20,066
26,589
Support costs
274,827
408,169
| 8. Costs of charitable activities by activity type |
2021
2022
| Support |
| costs |
| Activities |
| undertaken |
| directly |
| £ |
| £ |
| £ |
| £ |
| Support costs |
General Activities
408,169
274,827
| 9. Analysis of support costs |
2021
2022
| £ |
| £ |
| General Activities |
Management
5,097
5,384
Finance
16,461
8,374
IT
5,031
4,230
Governance costs
-
2,078
20,066
26,589
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11
For the year ended 31 March 2022
Grampian Transport Museum Trust
Notes to the Financial Statements Continued
| 10. Particulars of employees |
2022
2021
6
Employees
| 10 |
| 11. Comparative for the Statement of Financial Activities |
| The comparative year values on the Statement of Financial Activites are for unrestricted funds. |
| 12. Tangible fixed assets |
| Computer |
| Equipment |
| Fixtures and |
| Fittings |
| Motor |
| Vehicles |
| Plant and |
| Machinery |
| Tenant's |
| Improvement |
| s |
| Total |
| Cost or valuation |
| £ |
| £ |
| £ |
| £ |
| £ |
| £ |
| At 01 April 2021 |
| Additions |
| At 31 March 2022 |
| Depreciation |
| At 01 April 2021 |
Charge for year
| At 31 March 2022 |
| Net book values |
| At 31 March 2022 |
| At 31 March 2021 |
| 13. Stocks and work in progress |
2022
2021
| £ |
| £ |
| Stocks of raw materials |
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12
For the year ended 31 March 2022
Grampian Transport Museum Trust
Notes to the Financial Statements Continued
| 14. Debtors |
2022
2021
| £ |
| £ |
| Amounts due within one year: |
| Trade debtors |
| Other debtors |
| Amounts due after more than one year: |
| Prepayments and accrued income |
| 15. Creditors: amounts falling due within one year |
2022
2021
| £ |
| £ |
| Other creditors |
(135 )
(135 )
| 16. Creditors: amounts falling due after more than one year |
2022
2021
| £ |
| £ |
| Trade creditors |
(2 )
| Accruals and deferred income |
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13
For the year ended 31 March 2022
Grampian Transport Museum Trust
Notes to the Financial Statements Continued
| 17. Movement in funds |
| Unrestricted Funds |
| Balance at |
| 01/04/2021 |
| Incoming |
| resources |
| Outgoing |
| resources |
Transfers
| Balance at |
| 31/03/2022 |
| £ |
| £ |
| £ |
| £ |
| £ |
General
21,235
21,235
Circuit Fund
390,702
(430,248 )
323,634
General
73,173
73,173
Reserve Fund
171
171
| Road Safety Project |
| Fund |
485,281
(430,248 )
418,213
| Unrestricted Funds - Previous year |
| Balance at |
| 01/04/2020 |
| Incoming |
| resources |
| Outgoing |
| resources |
Transfers
| Balance at |
| 31/03/2021 |
| £ |
| £ |
| £ |
| £ |
| £ |
General
21,235
21,235
Circuit Fund
328,331
(286,565 )
(24,155 )
383,810
General
48,771
72,926
Reserve Fund
171
171
| Road Safety Project |
| Fund |
398,508
(286,565 )
478,142
| Purpose of unrestricted Funds |
Circuit Fund
Reserve Fund
Road Safety Project Fund
General
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14
For the year ended 31 March 2022
Grampian Transport Museum Trust
Notes to the Financial Statements Continued
| Restricted Funds |
| Balance at |
| 01/04/2021 |
| Balance at |
| 31/03/2022 |
| £ |
| £ |
| Durant Restoration |
| Fund |
2,210
2,210
Mortier Fund
3,571
3,571
Sentinel Fund
1,591
1,591
7,372
7,372
| Restricted Funds - Previous year |
| Balance at |
| 01/04/2020 |
| Balance at |
| 31/03/2021 |
| £ |
| £ |
| Durant Restoration |
| Fund |
2,210
2,210
Mortier Fund
3,131
3,131
Others
8,000
8,000
Sentinel Fund
1,170
1,170
14,511
14,511
| Purpose of restricted funds |
Mortier Fund
Sentinel Fund
Durant Restoration Fund
Others
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For the year ended 31 March 2022
Grampian Transport Museum Trust
Notes to the Financial Statements Continued
| 18. Analysis of net assets between funds |
| Tangible |
| fixed assets |
| Net current |
| assets / |
| (liabilities) |
| Creditors > |
| one year |
Net Assets
| £ |
| £ |
| £ |
| £ |
Unrestricted funds
General
270,048
156,435
(898)
425,585
General
270,048
156,435
(898)
425,585
| Previous year |
| Tangible |
| fixed assets |
| Net current |
| assets / |
| (liabilities) |
| Creditors > |
| one year |
Net Assets
| £ |
| £ |
| £ |
| £ |
Unrestricted funds
General
298,824
204,272
(10,443)
492,653
General
298,824
204,272
(10,443)
492,653
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