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London Yearbook 2014 | 2015 Year of the supported by Year Supported by Transport Museum is an educational and heritage preservation charity. Its purpose is to conserve and explain the history of London’s transport, to offer people an understanding of the Capital’s past development and to engage them in the debate about its future. Museum Yearbook 2014/15 incorporating the Strategic Report, and Annual Report of the Trustees and financial statements for the year ended 31 March 2015

Strategic Report

04 | Message from the Chair of Trustees and Managing Director

06 | Year of the Bus

08 | Goodbye

10 | Museum on the move

12 | The year in summary

14 | Access and museum operations

18 | In focus Battle Bus, London to the Western Front by Chris Nix*

20 | Education and engagement

26 | In focus Unlocking our potential by Hannah Steele and Eli Bligh-Briggs*

28 | Heritage and collections

32 | In focus Bringing a B type bus back to life by Tim Shields*

34 | Plans for the future

36 | Thought Leadership

38 | Preparing for autonomous vehicles by Johanna Zmud*

39 | Transport for the North by Jonathan Turton*

40 | Income and support

46 | Corporate members

47 | Sponsors and donors

48 | Public programme

60 | Financial review

Annual Report of the Trustees

62 | History of the Museum

64 | Structure, governance and management

68 | Trustees’ statement

69 | Trustees and advisors

70 | Independent auditor’s report

72 | Financial statements The Open Road, Fresh Air and Sunshine by Walter E Spradbery, 1914 * Articles do not form part of the audited Strategic Report from the Goodbye Piccadilly exhibition Sir David Bell Chair of Trustees (HLF) and working closely with partners from TfL Sam Mullins Managing Director Friends, we restored the bus to its to deliver Transported by Design, a Message from the original state, then converted it from major celebration of the importance of red to khaki livery, boarded the windows design to the past, present and future of Chair of Trustees and and sent it to and on a London’s transport, economy and culture. commemorative centenary tour. Our Battle Bus represented over 1,000 London Managing Director As ever, the patronage of all our visitors, (one third of the London bus fleet) shoppers and corporate supporters is which saw service on the Western Front. very much appreciated. The expertise and The trip was made in tribute to the stoic wisdom of our fellow Trustees, creativity service and heroism of their drivers. and hard work of an excellent staff and volunteer group, and the enthusiasm Year of the Bus confirmed the Museum’s and support of the LTM Friends are creative collaboration with TfL, deepened essential to our success. Together we our links with sponsors and funders have delivered another remarkable year in the bus industry, and created new in the life of one of London’s busiest and connections with hundreds of thousands best , and marked with style the of people at bus garage open days and contribution of the red bus to London. the hugely successful Bus Cavalcade. All this was achieved alongside a busy schedule of talks, publications, heritage railway events, disused station tours, learning programmes and the usual We are proud to present the London familiar routes, as a design classic, and hubbub of Museum activities. Next year Transport Museum (LTM) Yearbook for as part of the cultural DNA of the Capital. is likely to be equally full: we are already 2014/15 – a busy and remarkable year From Shillibeer’s first omnibus service of for the Museum, and for London and 1829 to today’s network of nearly 9,000 its transport network. vehicles carrying over 40 million passengers a week on 700 routes, the London bus The capital’s population exceeded was, still is and probably always will be, 8.6m this year – its greatest ever size essential to the Capital’s success. – placing a huge demand on (TfL) which responded by Within the Museum, buses helped us mark delivering a record 30m journeys a day the centenary of the outbreak of the First across its services. Similarly, LTM had World War. Our major exhibition, Goodbye record-breaking visitor numbers at Covent Piccadilly: From Home Front to Western Garden and we took the Museum out to Front, told the story of London’s transport more people than ever before as part of during the war, of the motorbuses and the most ambitious public programme their drivers at the front lines, of the LTM has ever undertaken. women recruited to keep the Capital on the move and the suffering of the civilian This year was Year of the Bus, a population from air attack. B type bus partnership with TfL to celebrate the B2737 became our touchstone for the immense contribution of the red bus experience of Londoners in 1914. With to London as a mover of people along the support of the Heritage Lottery Fund

4 Yearbook 2014 |2015 MESSAGE FROM THE CHAIR OF TRUSTEES AND MANAGING DIRECTOR 5 Year of the Bus London’s bus network has 700 routes, 8,600 buses and 19,000 bus stops. Each year the buses run a total of 490 million kilometres and passengers make over two billion journeys. By any standard, these are impressive numbers and yet buses are often the forgotten workhorses of the Capital’s transport system. In a major initiative this year, we set out to reconnect Londoners with their buses.

2014 was London’s Year of the Bus. makers (who produced a special edition working in the Capital that buses are the future LTM programmes; we now have In partnership with TfL, we spent twelve Fender ‘Routecaster’ guitar). Together, we backbone of our transport network. We many more of our historic buses back at months celebrating the role buses, bus made some remarkable things happen, wanted to explain the contribution that operational fitness; and with the help of drivers and the staff who support them as this Yearbook illustrates – a historical buses have made to the economic, social the HLF, the Battle Bus project to restore have played in keeping the Capital moving Bus Cavalcade in Regent Street (see pages and cultural life of London since George bus number B2737 under its wartime for 185 years. Events took in a number of 10-11), bus garage open days across the Shillibeer’s first omnibus service of 1829, guise will continue to engage audiences significant anniversaries: 60 years since the Capital to take the public behind the enthuse about the role they continue over the next three years, as we mark creation of the iconic Routemaster bus; 75 scenes, restoring a 1914 B type bus (see to perform and look ahead to exciting further centenaries of the First World War. years since the launch of its predecessor, pages 32-33), and filling London with bus developments just around the corner. the RT type bus; and 100 years since sculptures. We launched new posters, The Year of the Bus programme may be were sent to the Western products and publications, and ensured Year of the Bus was a fantastic success. over, but with 6.5 million passengers a Front to play a crucial role in the First a Year of the Bus presence at events such Special signs on buses and bus stops raised day on one of the most accessible and World War. as the Lord Mayor’s Parade, Pride London awareness among millions of Londoners. extensive networks in the world, isn’t and the Notting Hill Carnival. The Regent Street Bus Cavalcade attracted every year the year of the bus? Year of the Bus was a true partnership. It 400,000 people, and we had exceptional brought together TfL, LTM, bus operators, The activities were fun but with a serious numbers of visitors to the Museum. The bus manufacturers, corporate sponsors, intention: to raise awareness of the programme will also have a lasting legacy. artists, photographers and even guitar humble bus and remind those living and The partnerships we formed will support

6 Yearbook 2014 |2015 YEAR OF THE BUS 7 Within days of Britain declaring war on Germany in 1914, London’s B type motorbuses were being pressed into At home, the conflict accelerated social service to support the war effort. One hundred years on, change and deeply affected the lives of our major exhibition Goodbye Piccadilly: From Home Front Londoners. Deadly air raids led people to take shelter in Tube stations and as to Western Front told the forgotten story of London’s thousands of men left to fight, women transport during the conflict and of the upheaval for entered the transport workforce for the first time. Subject to suitability tests and The exhibition was supported by the Londoners on what became known as the ‘Home Front’. initially paid less than male counterparts, ambitious Battle Bus project that restored women were employed on a large scale a 1914 B type bus to working order and During the First World War, over a drivers from London’s bus companies to do jobs previously occupied by men, took it on an emotional return trip to thousand motorbuses, about a third of who went with them. More than just including working as bus ‘conductorettes’, France and Belgium. Young apprentices at London’s fleet, joined the Army Service troop , the buses were also mechanics and cleaners on London the Museum developed an exhibition that Corps and accompanied British troops to converted to lorries, anti-aircraft guns, buses, and as porters and guards on the accompanied the bus, and six animations France. Using original research, archive ambulances and even mobile pigeon Underground. Goodbye Piccadilly featured by students from the University of the photographs and a wealth of material lofts. Their crews lived and slept in their original uniforms worn by female bus Arts Central Saint Martins, along with from our collection, the exhibition vehicles and were in constant danger crews and cartoons of the time illustrating poetry from SLAMbassadors UK, offered Goodbye Piccadilly explored the role of from shelling, even behind the lines. the reaction to women taking on these new, creative interpretations about the these ‘battle buses’ and the volunteer traditionally male roles. impact of the war.

Goodbye Piccadilly inspired a family exhibition trail and craft workshops during school holidays. Talks, BSL sign-language tours and Friday Lates brought fresh perspectives, and visitors could share their thoughts on ticket-shaped cards which were suspended over B type bus B43 in the gallery. Known as ‘Ole Bill’, after a popular wartime cartoon character, B43 is on loan from the . It was one of only 240 buses to return from service in France and became a symbol for the contribution and sacrifice of London’s transport during the First World War. ‘Ole Bill’ and a number of veteran drivers were presented to George V at in 1920 and the bus appeared regularly in Armistice Day parades until the 1960s. The London Transport Old Comrades Association still joins the Remembrance Sunday parade each year to honour fallen transport workers.

8 Yearbook 2014 |2015 GOODBYE PICCADILLY 9 The Museum’s vehicles, staff and volunteers were on the road throughout 2014 at Year of the Bus celebrations. One of the most memorable days was Sunday 22 June when dozens of vintage and contemporary London buses came together for a unique event in central London.

Early that morning, an eye-catching line- up of vehicles gathered on the Albert Embankment. Just after 9.15am the signal was given and the buses moved off. They travelled in convoy over , around and up . A police escort marshalled the buses through the traffic lights onto The Regent Street Bus Cavalcade was Regent Street where they lined up in a one of the high points of 2014’s Year chronological chain – from the earliest of the Bus. The year-long programme horse-drawn model of the 1820s to marked the importance of the bus to today’s newest Routemasters and electric London and drew more people than buses. This was the Regent Street Bus ever before to the Museum. Other Cavalcade, a glorious celebration of the memorable events in the year reached London bus that stretched from Piccadilly communities across London. A popular Circus to Oxford Circus, featuring 49 day at celebrated the vehicles and turning one of London’s 60th anniversary of the Routemaster busiest streets into a spectacular outdoor with London designers Tatty Devine, bus, while seven bus garage open days bus museum for the day. and a bus stop made entirely of Lego. offered visitors across the Capital The event was organised by TfL and behind the scenes tours and access to The event attracted some 400,000 LTM, with Museum curators, volunteers areas not normally open to the public. spectators, who were able to get up close and apprentices working alongside bus to some amazing vehicles including a operators and colleagues from TfL, the dozen belonging to the Museum. Other and the heritage attractions included children’s theatre, bus community to ensure the event’s the TfL Transport Choir, jewellery-making success.

10 Yearbook 2014 |2015 MUSEUM ON THE MOVE 11 2 Maintain the Museum’s high visitor Key Performance Indicators Year in summary numbers and income levels How we did against our key objectives Tube 150 was a tough act to follow: the MUSEUM AND DEPOT VISITS global publicity surrounding the 150th anniversary of London’s Tube system in 2014/15 was another successful year for LTM. 2013 led to very high numbers of visitors, TARGET Visitor numbers were high, we generated 2014exceptional shop sales and significant 360,000 sponsorship opportunities. Year of significant levels of commercial income the Bus was a chance to consolidate and delivered an extensive programme this success and extend the Museum’s ACTUAL impact by taking our exhibits out into the 372,265 of events and school visits. The Year of community. Our success was remarkable the Bus programme helped us reach new – record-breaking visitor numbers to the VISITS TO LTM WEBSITES Museum, a popular series of bus garage audiences and deliver more public benefit and heritage vehicle events, and an than ever before, and we made significant estimated 400,000 people at the Regent Street Bus Cavalcade. Although we were improvements to the Museum’s facilities. unable to recapture the high retail sales figures associated particularly with 2013’s TARGET poster exhibition, and retail revenue at 1,000,000 and online were both below last year’s levels, encouragingly, income exceeded 2012/13 levels by a considerable way. This suggests that we have permanently raised the bar on the level of commercial business our trading subsidiary can sustain compared to just ACTUAL a few years ago. 1,059,522

3 Begin to develop a long-term PUPILS PARTICIPATING IN SAFETY AND CITIZENSHIP PROGRAMME Our success this year was achieved strategy for the Museum in the context of difficult economic During the year, significant work was done TARGET 110,528 circumstances. With public funding to review the Museum’s ‘brand’, how we under pressure, our key priority for communicate with our stakeholders and ACTUAL 119,938 2014/15 was financial sustainability supporters, and the ways in which our and the need to demonstrate to our charity delivers public benefit. This work supporters that the Museum is is continuing but it is already influencing EDUCATION VISITORS TO LTM delivering real benefit, efficiently and our strategic thinking about the Museum’s TARGET effectively. With this in mind we set future direction and how we might go 25,000 three important objectives for the year: beyond our current structure to deliver ACTUAL greater benefit through education, 24,667 1 Agree a multi-year programme by Design, a celebration of the high- advocacy and research. To support this and settlement with TfL quality innovative design that is activity, and acknowledging that we are at NUMBER OF COLLECTION RECORDS ENHANCED* Following the Tube 150 celebrations synonymous with London’s transport. least halfway through the lifespan of the in 2013, Year of the Bus was another During this year, we established a long- current galleries and interior fittings, we TARGET 30,000 successful partnership with TfL that term settlement with TfL which includes, have created a designated ‘Museum 2020’ allowed the Museum to extend its for the first time, a capital budget worth fund to build ACTUAL reach, find new audiences and deliver some £2m to the Museum over 10 years. up a reserve 19,043 real benefit. Having established This will allow us to upgrade key systems that will help this partnership model, we are now and facilities, and further develop deliver the next *Note: Over 300,000 record enhancements associated with the Born Digital project were also undertaken this year to collaborating with TfL on Transported income-generating activity. iteration of the improve the way we handle digital collections data Museum. 12 Yearbook 2014 |2015 2015 YEAR IN SUMMARY 13 ACCESS AND MUSEUM OPERATIONS We want our collections, exhibitions and events to be enjoyed by as many people as possible. Access is provided daily at the Museum in Covent Garden, through regular tours and open weekends at the Museum Depot in Acton, and via the Museum website. Heritage vehicle outings, Friday Lates and a rich programme of special events create further opportunities to inspire audiences with the stories of London’s transport.

The Museum had another outstanding marked the centenary of the start of the thoughts on ticket-shaped cards that Our gallery spaces underwent significant year in 2014/15 with a huge number First World War. The exhibition explored were then suspended from the gallery transformation this year. At the start of visitors to the galleries and a public how London’s motorbuses and their ceiling. They formed a growing ‘word of 2014, gallery ‘illuminations’ were programme that reached more people drivers contributed to the war effort, and cloud’ of hundreds of recollections rolled out across the space, highlighting than ever before. described how life changed for Londoners and observations. significant elements of the story of on the home front (see pages 8-9). London buses as part of Year of the Our major exhibition Goodbye Piccadilly: Visitors were invited to respond to the Goodbye Piccadilly was launched with a Bus. Breakthrough was installed in From Home Front to Western Front themes of the exhibition by writing their Friday Late event in May 2014 featuring February 2015, bringing to life the scale talks, quizzes, craft activities and tips on of tunnelling work being done to deliver Edwardian style, including moustache- , the new railway that will add waxing. Themed Friday Lates with music, 10 per cent to London’s rail capacity. cocktails, speakers and craft workshops The exhibition runs until August 2015 have become a fixture of the Museum’s and features a five-metre-high, walk- calendar. There were four others this through section of a Crossrail tunnel year: Carnival City celebrated the colours and a life-size animation of a tunnel- and sounds of the Notting Hill Carnival, boring machine in action. Subterranean Scream had a Halloween theme, Farewell brought Museum departments came together to the Goodbye Piccadilly exhibition to a plan and deliver our new family play zone close, and Paint the Town Red was a this year. All Aboard features a fleet of joyful celebration of the London Bus as miniature vehicles and the opportunity to part of the Year of the Bus programme. dress up in transport uniforms.

14 Yearbook 2014 |2015 ACCESS AND MUSEUM OPERATIONS 15 ACCESS AND MUSEUM OPERATIONS

Children can choose to be drivers, Appearances of the restored 1914 B type Most memorably, the bus toured France Alongside one open weekend at the mechanics, cleaners, station announcers B2737 dominated our heritage vehicle and Belgium as part of commemorations Museum Depot in Acton, we undertook and riverboat captains. Early reactions schedule. The bus visited bus garages marking the contribution of transport monthly guided tours and specialist were very positive, and the zone featured across London, took part in the annual workers to the war effort (see pages collection tours of the poster artwork, on ITV London news on its opening day, ‘cart marking’ ceremony in the City of 18-19). drawings and small objects stores. With 28 March 2015. London, and even gate-crashed the RM60 funding from Arts Council England Routemaster event in Finsbury Park. The B type was also one of the stars (ACE), significant work was carried out Goodbye Piccadilly and Year of the The bus also made a nostalgic trip to of the show at the Regent Street Bus to improve public access and facilities Bus were at the heart of the public where it was built a century Cavalcade – a massive one-day event at the Depot including the reception, programme this year. Evening events ago. In August we ran B2737 along its which featured 49 buses, children’s ticket office and public toilets. The new explored life on the home front for original passenger route from activities, object-handling, a Museum welcome area means we can provide Londoners during the First World War, bus garage to Liverpool Street. The bus shop and a host of other activities better orientation for visitors and show including a talk by former BBC Chief later featured in events to mark the (see pages 10-11). introductory films before public tours. News Correspondent Kate Adie who centenary of the start of the First World examined how women’s lives changed War, including a display in Parliament Our steam locomotive, Met No.1, was In May 2014 we unveiled our new during this time. Square on Remembrance Sunday. also in operation this year, with four website, delivering on the promise to running days over two weekends, and provide a better experience for users. there were two sets of tours of the The number of Museum Facebook disused station. For the first fans nearly doubled this year, while our time we also ran a ‘virtual tour’ of Twitter followers increased by three Aldwych in the Museum’s Cubic Theatre times. Significant additions to our online for those who found it too difficult to resources included a number of new descend the 160 steps to the platforms. ‘Depot Discovery’ videos which provide personal perspectives on items in the collection at Acton.

16 Yearbook 2014 |2015 ACCESS AND MUSEUM OPERATIONS 17 Battle Bus London to the Western Front LONDON BY CHRIS NIX, ASSISTANT DIRECTOR COLLECTIONS AND ENGAGEMENT, LTM

On 22 September 2014 Museum staff and restored B type bus B2737 were among the crowds at the Menin Gate Memorial in the quiet BRUGES Belgian town of Ypres for the OSTEND daily ceremony of the Last DOVER ANTWERP Post. It was a poignant event The challenges of operating a fragile, FOLKESTONE historic vehicle a long way from home a century earlier. englandthat symbolised much of what were huge but we had ideal conditions, we were trying to achieve with well-made roads and an experienced crew. The mechanical issues and thunderstorms our Battle Bus programme. we faced were nothing compared to what GHENT BELGIUM it must have been like for the buses and The Last Post had sounded, wreaths had their volunteer drivers making similar been laid and the ceremony was almost over, CALAIS journeys during the war, on destroyed but the 1,500 spectators beneath the Menin It was an experience that none of the roads, through mud and snow and always Gate knew there was one more respect Battle Bus team will ever forget. under the deadly threat of enemy fire. ZONNEBEKE to pay. A ripple of recognition ran through POPERINGE the crowd as the Ypres Surrey Pipe Band It was always our intention to use B2737 Unlike many of those whoYPRES travelled to began to play the familiar strains of It’s a to tell the forgotten story of the vital role war, B2737 survived and can tell its Long Way to Tipperary. Then another sound played by London’s buses and transport story today. We are deeply thankful to echoed around the illuminated walls of staff in the mass mobilisation of troops ST-OMER the Heritage Lottery Fund,ST-ELOI LTM Friends, the memorial: the thrum of a 100-year-old and the carrying of injured personnel in the BOULOGNE Last Post Association and our many engine belonging to B2737, the Museum’s First World War. Transforming the bus from -SUR-MER supporters for helping us to restore recently restored B type motorbus. civilian livery to army fatigues was a bold the bus and make such a profound step. Taking it on a ten-day tour to France link with the events of a century earlier. The LTM team was honoured to be invited and Belgium was even bolder. Supported by to attend the ceremony with our 1914 KBR-FTX Logistics, skilled volunteers and bus, recently repainted in drab khaki, with a team of Museum professionals, B2737 Chris Nix joined LTM in 1999 and has held its windows boarded up and crude War travelled via the Channel Tunnel to Calais a number of roles in the areas of learning and collections.B ÉHeTHUNE was a champion of Department markings stencilled on its before embarking on a trip along the towns FRANCE the Battle Bus project from its inception flanks. Military vehicles are not generally and villages of the 1914 front line. At and joined the team that travelled with permitted at the Menin Gate, but B2737 each stop we met local people and invited B2737 to the Western Front. was a conscript, symbolic of the hundreds them to board the bus and visit our mobile of London buses pressed into service at exhibition vehicle, which featured video the start of the First World War. As the images, maps and oral history displays bus made its way slowly through the gate, curated by apprentices who worked on ARRAS spontaneous, respectful applause broke out. the Battle Bus project.

18 Yearbook 2014 |2015 BATTLE BUS LONDON TO THE WESTERN FRONT 19

Frontline

1918

ALBERT

PÉRONNE

ST-QUENTIN

Frontline

1914 curriculum at Key Stage 2. Craft and 30,000 secondary school students as storytelling workshops for families during well as delivering a new initiative called school holidays were also very popular, as Project Guardian, in partnership with the was the annual Be Safe Week held during Metropolitan and British Transport Police. the summer. This groundbreaking project aims to raise awareness about reporting unwanted Aimed at Year 6 pupils, the TfL Safety and attention on the travel network. Citizenship (S&C) programme delivered by LTM brings messages about respect, Also designed for secondary schools, responsibility and personal awareness the TfL Youth Travel Ambassador (YTA) on the transport network to children programme works with young people to on the verge of becoming independent create student-led behaviour change and travellers. S&C sessions are offered to encourage better travel choices. Pupils all the Capital’s primary schools and from 130 schools made presentations EDUCATION AND over 90,000 students took part this year. to a panel of transport industry experts ENGAGEMENT The S&C team also addressed almost looking for an award of up to £300 to help We want to inspire everyone to engage with the past, present and future of London’s transport. At the Museum, at the Depot and through outreach across London, we offer learning opportunities, skills development and engaging programming to our visitors, schools, young people, volunteers and many other communities.

March 2015 saw the culmination of a our learning teams work hard to nurture year’s work by staff across the Museum this early enthusiasm and use it to to redevelop the new All Aboard play engage our audiences in different ways zone. This special family area has been as they grow up. Central to this approach carefully designed to provide early are the schools and family activities at learning opportunities for younger visitors Covent Garden. This year, nearly 25,000 – as well as lots of fun. As All Aboard participants joined school sessions demonstrates, kids love transport and designed to fit in with the national

20 Yearbook 2014 |2015 EDUCATION AND ENGAGEMENT 21 EDUCATION AND ENGAGEMENT

deliver their ideas. The YTA team’s new Some 38 volunteers joined our 2014/15 Road Safety Activation Week was a major Young People’s Skills Programme aimed success, coordinating 52 schools to deliver at 16-to-24-year-olds. They took part themed assemblies, reaching over 18,000 in projects inspired by Year of the Bus, pupils and launching a social media pledge including the development and delivery campaign to promote road safety among of a new object-handing trolley which young people. made its debut at the Regent Street Bus Cavalcade. Two full-time apprentices led This year saw the start of a new three- the volunteering projects and gained an year partnership with Siemens to sponsor NVQ Level 2 certificate as a result (see Inspire Engineering, which aims to spark pages 26-27); while 21 young volunteers an interest in engineering and encourage went on to achieve their bronze Arts young people to consider careers in Award. Our apprentices won the Creative transport. This vital funding will allow and Cultural Skills Apprentice of the Year the Museum to provide more children Award in February 2015. and young adults than ever before with a high-quality introduction into the world The Museum published a number of of engineering. For those young people important new works this year. Ole who have left school, our Route into Work Bill: London buses and the First World programme has continued to provide War by William Ward told the story of opportunities to take part in employability the buses and crews that went to the courses and paid apprenticeships within First World War. Omnibus: A social the transport sector. Ten courses were history of the London bus was a multi- run this year with 112 participants, 50% of authored work which celebrated the whom have gone onto to paid employment contribution the London bus has made or further training. to our transport heritage over the last 185 years. Our informative and highly illustrated Depot Discovery guide was also completed this year. The guide takes an innovative approach to promoting the Museum’s Depot store in Acton as a publicly accessible ‘Aladdin’s cave’ for both new and existing audiences to visit. The book includes links to a series of As well as welcoming researchers from all online videos that bring the collection over the world and supporting several bus to life through personal perspectives on companies to find material for Garage Open key objects presented by Museum staff Day exhibitions, the Museum library and and volunteers. information team responded to nearly 8,000 enquiries this year. A man in Ontario, Canada found a bus ticket in a second-hand book and asked us to identify it. The ticket turned out to be an early 1950s Green Line single for route 704 from Windsor to Tunbridge Wells. His curiosity satisfied, the enquirer sent the ticket to the Museum and so it completed a journey of several thousand miles beyond the one originally paid for.

22 Yearbook 2014 |2015 EDUCATION AND ENGAGEMENT 23 BATTLE BUS LEARNING Theatre Royal Stratford East Education and PROGRAMME PARTNERS The Lord Mayor’s Appeal Abellio Museum engagement partnerships ComfortDelGro RATP Dev UK SAFETY AND CITIZENSHIP AND YOUTH Stagecoach TRAVEL AMBASSADOR PARTNERS Our learning and engagement programmes are enriched by many TfL Women’s Staff Network Group Association of Orthodox Jewish creative partnerships. They increase the effectiveness of our Schools and Organisations Ltd APPRENTICESHIPS Dogs and Cats Home work and strengthen our achievements. We are proud to have AND TRAINEESHIPS British Red Cross worked with the following organisations during 2014/15. Creative and Cultural Skills British Transport Police Cultural Co-operation Cycle Smart Foundation (for cycle helmets) and Chelsea College Ealing MENCAP INSPIRE ENGINEERING TfL Workforce Continuity London Apprenticeship Company Film companies: Supported by Siemens Thames Tideway Film Smart Worcester Polytechnic Institute, USA MUSEUMS AND CULTURAL The Riot Act ROUTE INTO WORK PARTNERS SECTOR PARTNERS Serious Comedy Action Acton SCHOOLS, COLLEGES AND Cabmen’s Shelter Fund Studio Film School Bam Nuttall YOUTH ORGANISATIONS Creative Intelligence Agency Capita Acton High School Culture Network Westminster Hatzola (North London) Clear Channel UK Aylward Academy Ditchling Museum London bus operators: Cleshar Bollo Brook Youth Centre Edward Foundation Crossrail Brentside High School Engage ComfortDelGro (Greenford, A Fairer Chance Central Saint Martins Fulham Palace Alperton and Harrow Weald) Go-Ahead Group Chiswick School GEM (Group for Education in Museums) FirstGroup UK Bus (Greenford) Serco City and Islington College Museum Go-Ahead London (Bexleyheath and Siemens College Croydon) telent Technology Services Kingston University Happy Museum Project RATP Dev UK (Edgware, Fulwell and TfL Supplier Skills Team Nightingale Academy Kids in Museums Hounslow Heath) Work Programme Oasis Academy Southbank London Museum of Water and Steam Stagecoach (Catford) Royal College of Art London Museums Group London Fire Brigade SCIENCE, TECHNOLOGY, ENGINEERING Royal Greenwich University Technical London Schools Excellence Fund Metropolitan Police AND MATHS (STEM) PARTNERS College Luke Rees-Pulley Charitable Trust Move ‘n’ Smooth (for the smoothie bike) British Science Association St Christopher’s Fellowship A New Direction Road Safety Borough Officers Crossrail St Clement Danes Church of England Old Royal Naval College Royal National Lifeboat Institution HS2 Primary School Gallery Southwark Council TfL Youth Panel The Poetry Society Sustrans (for Bike it) National Rail University of Surrey Sir John Soane’s Museum Vivo (for behaviour reward scheme) STEMNET Westminster Adult Education Service SLAMbassadors Wood Green Animal Shelter TeenTech Westminster Kingsway College Southbank Centre Young Hackney

towards London Transport Museum BUS ST OP Park

towards London Transport Museum

4 11

Coach 91 23 Stop

thames nipper thames nipper es r tham s nippe

nutty squirrels?

es r tham s nippe

24 Yearbook 2014 |2015 EDUCATIONEducation AND ENGAGEMENT partners 25 Unlocking our potential

BY HANNAH STEELE AND ELI BLIGH-BRIGGS, MUSEUM APPRENTICES

Bus Cavalcade. Contributing serves. Our work engaged with the coming year, to valuable and public-facing new audiences and delivered building on our experience. activity made us feel valued too. programming shaped by us to We feel proud that everything be more inspiring and relevant we have achieved together will To make sure that we had the to young people. We helped the go on to support future tools and skills to take on our Museum build new sustainable generations of young people new responsibilities, we did partnerships and gain new to unlock their potential at lots of training and an NVQ perspectives. London Transport Museum. Level 2 Certificate in Cultural and Heritage Venue Operations. In March we were awarded Hannah Steele has now embarked We were always encouraged the Creative and Cultural Skills on another apprenticeship at the to reflect on our work with our Apprentice of the Year Award. It Museum, working towards her We joined the Museum on a 12-month Museum mentors and through was the icing on the cake to have Level 3 qualification supporting the an in-depth video evaluation that all our hard work recognised. Battle Bus project. Eli Bligh-Briggs apprenticeship in January 2014. During is a Young Freelancer, supporting we shared with colleagues and But the story doesn’t end here: delivery of young people’s and LGBT Year of the Bus we created and delivered peers. Sharing our experiences the Museum will be hosting a projects across the heritage sector. activities for other young people and across LTM helped us all learn further five apprenticeships in together. passionately contributed to wider Museum programmes. Working at the heart of LTM Looking back, it is clear to see how we benefited from this offered us a unique journey of personal programme. We cultivated and professional development. essential skills, confidence and networks that will support our future careers – but what The apprenticeship programme our potential to fulfil the role. responsibility too, meaning about the Museum? The Young that welcomed us had been Instead of grades they looked we learnt a lot, and fast. People’s Skills Programme shaped by LTM’s previous for enthusiasm for museums and Together we supported three Apprenticeships helped LTM experience working with Young a positive attitude to learning Young Volunteer projects diversify its workforce and Consultants as part of the new things. How refreshing! enabling other young people to better reflect the city it Stories of the World project. We interpret and learn from the LTM felt supported and invested in Our year was jam-packed with collection. One of these projects from Day 1. Even the recruitment experiences and opportunities involved participants curating process was fun, with tasks to learn from our colleagues a selection of handling objects around the Museum that helped while developing and delivering to engage audiences at Year of us to really grasp what we would Museum programmes. We the Bus events across London, be doing and let staff identify were given a huge amount of including the Regent Street

26 Yearbook 2014 |2015 UNLOCKING OUR POTENTIAL 27 HERITAGE AND COLLECTIONS The Museum’s collection of nearly 475,000 objects includes vehicles, posters, signs, uniforms and other items that represent London’s unique transport heritage. We ensure the collection is One of the high points of 2014/15 was their electrics overhauled or their gears properly conserved and cared for so it can be used as an inspiring the Regent Street Bus Cavalcade which replaced. Sadly, not all our vehicles made and accessible resource for exhibitions, events and research. saw 49 buses lined up to illustrate the it and despite intense activity, the Optare evolution of bus design from the City Pacer was unable to take its place on Year of the Bus was an outstanding year General Omnibus Company livery and earliest horse-drawn vehicle to today’s Regent Street, but the event was a huge for vehicle restoration and operation. Our then converted a few months later into a cutting-edge electric and hybrid success nevertheless (see pages 10-11). flagship project was the renovation of khaki-coloured army transport vehicle. In technology. LTM mobilised 12 vehicles B type bus B2737 (see pages 32-33). this Battle Bus configuration, B2737 took for the cavalcade, undertaking a major Our cavalcade presence also included the Thanks to funding from HLF and LTM part in Remembrance Day celebrations programme of assessment, repair and new Exhibition Bus, a modern single deck Friends, the bus was beautifully restored and made a poignant journey to the renovation. Curators and volunteers bus adapted for use as a travelling Year of to full working order and took centre Western Front, echoing the experience worked with engineers, enthusiasts and the Bus gallery, and the Flexible Display stage in a wide range of events across of over a thousand London buses and key partners at TfL and London Bus Vehicle (FDV) which provided a pop-up London. Unusually, B2737 was initially their drivers who served during the First Museum to get the buses ready for Museum shop. The FDV can be adapted restored to its red and cream London World War (see pages 18-19). the big day. Each vehicle presented its for exhibition, training or retail purposes, own unique issues: the Q1 and accompanied B2737 on its tour of cannot move without overhead power France and Belgium. Acting as both a and required a low loader to get to site; support vehicle and mobile exhibition, the RM2 needed painstaking work to restore FDV carried displays curated by our two its original distinctive bonnet shape and Battle Bus apprentices telling the story of green livery; idiosyncratic prototype FRM1 London’s buses and transport staff during had to be hurriedly repainted; and many the First World War. of the buses needed their engines rebuilt,

28 Yearbook 2014 |2015 HERITAGE AND COLLECTIONS 29 HERITAGE AND COLLECTIONS The Born Digital project, funded by ACE, helped to secure the future of large quantities of digital content. A team of volunteers at Acton also completed a project using the cab of a decommissioned Victoria line train to create a working model demonstrating how the automatic train system operates.

Extending the Museum’s reach, we loaned posters to the for their Women Fashion Power exhibition and a section of our spiral appeared at the Venice Biennale of Architecture. We also shared our curatorial skills with international colleagues, hosting a curator from India’s Heritage Transport Museum and two IATM (International Association of Transport and Communications Museums) Skillbridge fellows from the New Transit Museum, who wanted to learn about our oral history collecting.

Nearly 10,000 objects were added to the collection, including documents and uniforms relating to the Public Carriage Office, the body which governed the licensed taxi trade in London. Other significant acquisitions included a sign and a Mercedes Alexander bus, carefully restored by a team of mechanics and apprentices from ComfortDelGro’s Alperton garage. The Year of the Bus also influenced other for TfL and its predecessors. The display bus will be exhibited at Covent Garden activity this year. The exhibition marked 100 years of women in transport, before moving to Alperton garage for Goodbye Piccadilly included exceptional for which LTM also created a small future heritage operations. items from the collection, including touring exhibition that visited a number rarely seen propaganda posters of TfL buildings. designed to be displayed in army billets overseas as a reminder of home. More Although buses were the main focus propaganda posters featured in a Poster this year, other areas of our collection Parade showcasing London Transport’s were also in the spotlight. We ran advertising campaigns during both World steam train operations, and led guided Wars. Another Poster Parade featured tours of the poster stores and small posters chosen by Facebook users, object collection. A special tour was while A Century of Creative Women also developed to highlight the work of explored artwork by female designers typeface designer Edward Johnston.

30 Yearbook 2014 |2015 HERITAGE AND COLLECTIONS 31 Bringing a B type bus back to life

BY TIM SHIELDS, CURATOR, LTM

The Battle Bus project, supported by the Heritage Lottery Fund and London Transport Museum Friends, was part of our Having been responsible for the original seat fabric, it seemed fitting to programme to mark the centenary of the First World War and a recommission John Holdsworth & Co. Ltd fitting project to undertake during Year of the Bus. In the galleries, to reproduce it 100 years later.

the Goodbye Piccadilly exhibition told the story of the buses Starting up the AEC engine was a and drivers that went to war. By restoring one of these buses defining moment: would our hard work pay off and coax the original parts back we could bring the story to life and take it out on the road. into life? The handle was cranked, the engine turned over and the exhaust The aim of a restoration project is often counterparts. Much of the B type’s coughed out blue smoke – but to our to return an object to the state it was in success lay in precision engineering: parts great relief and satisfaction the bus We had successfully created a type of when new. Alternatively, the goal may were interchangeable between vehicles, roared into life and we had passed vehicle not seen for nearly 95 years. be to re-create a key moment in that which increased reliability and decreased another milestone. To save time, object’s history. Uniquely, the Battle Bus maintenance costs. Luckily for us, this different elements of the restoration Since then the bus has made an project aimed to do both. First we set out still held true: several chipped gears work went on simultaneously at different emotional return to the Western Front to restore a vintage London B type bus to and damaged casings were swapped sites. Eventually the completed chassis and continues to enthral audiences its original Edwardian splendour, and then, with better examples found among the and body were brought together, allowing wherever it goes. But each trip means closely mirroring events that took place remains of an incomplete B type chassis. the final fit out and testing to commence. inevitable wear and tear and in places the during the First World War, transform We also discovered a vintage ‘Kitemark’ old, red livery is starting to show through it into a military troop carrier like those on the wheel rims and it was reassuring Throughout the summer of 2014, B2737 the khaki paint. This glimpse of a brighter used to transport soldiers to and from to know that the components used in our bore its original vibrant red and cream past was sometimes described by those the front lines. bus had been certified as ‘up to standard’. London General Omnibus Company livery. on the Western Front as a reminder of The bus appeared at dozens of events what had been left behind. I hope our Introduced in 1910, the B type was the The more you scrutinise a vehicle, the in and around the Capital. There was a completed restoration is a fitting tribute first successful mass-produced motorbus. more discoveries you are likely to make. touch of sadness when the bus rolled to the sacrifices made by London’s Within three years 2,500 B types were in From witness marks on the chassis side into the Museum to be converted. As transport staff at home and abroad all service, replacing all their horse-drawn members, we established our vehicle the old-fashioned adverts were removed, those years ago. as B2737. One remarkable find was the the windows boarded up and khaki paint remnant of an original seat cushion which daubed over the resplendent bodywork, LTM curator Tim Shields was project manager proved invaluable in the creation of a new chapter began. Within three days for the Battle Bus restoration project. replacement seats. the transformation was complete. The He specialises in bringing LTM objects to once bright and airy lower-deck saloon life through interpretation and conservation. became dark and dingy; a pick-axe and He also project managed LTM’s highly successful Met 353 restoration in 2012, shovel took the place of the upper-deck working with a team of skilled craftsmen, destination board; and instead of a route engineers and technicians to rebuild an 1892 number, Army Service Corps markings Metropolitan line carriage. were stencilled on the side of the bus.

32 Yearbook 2014 |2015 BRINGING A B TYPE BUS BACK TO LIFE 33 MUSEUM OPERATIONS AND PUBLIC PROGRAMME Having raised the bar with record visitor numbers over the last two years, our aim now is to attract at least 360,000 visitors to the Museum each year. To Plans for support this ambition we will continue to create an engaging public programme based on strategic partnerships with the future TfL. Our collaborations will emphasise contemporary collecting, facilitate discussions about London’s transport London Transport Museum is at a strategic watershed. future, and strengthen LTM’s charitable We are eight years on from the major relaunch in 2007 and commercial activities. In 2015/16 we will launch Transported by Design, a and some five years away from the need for significant programme that will include exhibitions, reinvestment in display content and delivery technologies. public participation and new areas of industry engagement. We will also extend Pressure on public funding and the need to find a new the popular tours of disused stations to model of sustainability mean that we must carefully include additional TfL sites under the consider our organisation, its purpose and its capacity. ‘Hidden London’ banner. RESEARCH AND ADVOCACY During 2014/15 the Trustees and senior EDUCATION AND ENGAGEMENT Since its inception in 2009, our Thought management team spent time reviewing The Museum offers learning Leadership programme has grown in how LTM might grow beyond the walls of opportunities for children and young popularity and importance to become the the Museum into a more enriched charity people in our galleries, at schools and pre-eminent initiative of its kind for the that delivers enhanced public benefit through our groundbreaking skills and transport industry in London. It has placed through three main areas of activity: employability programmes. We aim to LTM at the centre of debate and raised our education and engagement; museum build on the love and excitement very profile amongst policy-makers, opinion- operations and public programme; and young children feel for vehicles and formers, urban planners and transport research and advocacy. Although we transport to enthuse audiences at all professionals across the country. As the are still developing our plans, we have stages in their lives, engaging them with scale and ambition of the programme has established some initial aims for each of the key role of , grown, so has our aspiration for what it these key areas: past, present and future. Alongside the can achieve. In 2015/16, alongside a established learning programmes, in relaunch of the Thought Leadership brand, 2015/16 we will also undertake a major we will undertake a strategic review to strategic review of our educational test the proposition that this activity activities, and in particular the work we could be extended to encompass not only do with young people, with the aim debates and events for our corporate and of creating a more structured, holistic industry audience, but public programmes, programme to inspire our audiences original research, and reports on topical even further. transport issues.

34 34 YearbookYearbook 2014 2014|2015|2015 PLANS FOR THE FUTURE 35 35 thoughtleadership

Transport plays a crucial role in the development, TfL’s Managing Director for Planning, One month later we ran a second culture and identity of cities. Our Thought Leadership Michèle Dix, joined us for that discussion Transport for the North debate. This and also lent her support to a discussion time the event was held in Leeds – programme puts the Museum at the forefront of about sustainable logistics with a group taking Thought Leadership out of the development in the sector by bringing together senior that included Natalie Chapman of the Capital for the first time. At the debate, Freight Transport Association. Tom Riordan, Chief Executive of Leeds TfL and transport industry professionals, leading City Council, provided an insight into academics, politicians and policy-makers from across Alongside a Thought Leadership the future for Leeds and other major discussion in July, the Museum was cities outside London, sparking a lively the UK to share cutting-edge ideas about transport delighted to partner with the Independent discussion. Jonathan Turton of KPMG and urban planning. Transport Commission (ITC) to launch presents his own view on the background their report looking at public perceptions to the debate in his article below. of how we pay for roads and road use. Dr Thought Leadership events sit at the benefit from the commercial success that Kris Beuret of Social Research Associates We are grateful to all those who heart of our corporate networking better transport systems help generate. and Simon Linnett, Chairman of the ITC, support and attend our Thought programme. Over the last seven years As part of the same series, we presented the findings, and Lord Bill Leadership debates, and especially they have become a well-respected and welcomed management and policy Bradshaw discussed what they might to the many individuals who give up integral part of the transport industry’s advisers from the UK’s major cities to mean for government and policy. their time to speak at our events. If calendar. Thought Leadership has grown discuss ‘Growth Deals’ – part of the you would like to know more about to include breakfast briefings, evening coalition government’s strategy to build In February 2015, over 100 leaders from the programme, upcoming events and dinners and now mass-participation a stronger economy and fairer society the transport industry met to discuss the how to get involved, please contact debates, and the programme is poised through investment in local economies. hot topic of ‘Transport for the North’. [email protected]. for further development. Chaired by broadcaster Evan Davis, the With UK trials beginning in 2015, the panel included Sir CBE; Chief Thought Leadership is delivered This year’s events tackled important prospect of driverless cars has captured Executive of City Council, in partnership with Thales UK topical issues from across the transport the public imagination. At a Thought Sir Howard Bernstein; former chair of the and Eversheds. and urban planning spectrum. London’s Leadership event in October 2014, City Growth Commission, Jim O’Neill; bus operators came together for two Johanna Zmud of the Texas A&M and Lord Andrew Adonis. The debate discussions about industrial relations in Transportation Institute shared the considered the case for a comprehensive the bus industry, and we launched a series findings of her research on autonomous transport strategy for the north of England of ‘Infrastructure Investment’ events with vehicles (see page 38) and the panel and whether this could help to create a debate about fiscal devolution in the UK discussed the implications of driverless an economic powerhouse in the region. and whether city authorities can directly vehicles on London’s transport network.

36 Yearbook 2014 |2015 THOUGHT LEADERSHIP 37 Preparing for autonomous vehicles Transport for the North By Johanna Zmud, By Jonathan Turton, Senior Research Scientist, Director, Infrastructure, Texas A&M Transportation Institute KPMG Corporate Finance

Autonomous vehicles have the disabled or elderly is another social benefit. The notion of a Northern and agglomeration effects through better potential to bring safety, mobility, AVs could substantially reduce the cost of Powerhouse was born from connectivity and better collaboration to make congestion because vehicle occupants could the North function as a single economy. It is energy and environmental undertake other activities, including work, while the desire to rebalance the UK about unlocking potential. The cities of Leeds, benefits to surface transportation on the road. The stress of driving in congested economy to reduce reliance on Manchester and Sheffield barely interact systems, but there are policy, traffic could be greatly reduced, altering how the and the South economically but the entire region would we measure and interpret the value of time and easily fit inside the M25 – better transport engineering, economic and people’s willingness to pay for time savings. East. Greater economic diversity infrastructure has to be the starting point. institutional barriers to full AVs that self-park would reduce the need for could help Britain become more implementation. At a Thought congested central parking lots and free up resilient to negative economic New proposals are emerging from the Leadership event in October valuable urban land for other uses. events in the future. Jonathan Transport for the North (TfN) partnership. TfN has a positive and bold vision, but right 2014, Johanna Zmud looked at But there are challenges to adoption. These Turton argues that transport is now, it is little more than a great start and a the coming autonomous vehicle challenges may come from industries or essential to its success. collection of reports. TfN needs to turn that revolution. entities that could experience economic vision into a deliverable set of investments disruption due to the introduction of AV The idea of the Northern Powerhouse – and quickly. To do that, TfN needs to have An automated vehicle (AV) is one in which at technology, such as insurers, or sectors which emerged as a way to minimise future long-term funding specifically earmarked to least some aspect of a control function critical employ professional drivers, such as freight and economic reliance on London and the South help people believe that change will really to safety (e.g. steering, throttle or braking) taxis. If the need for urban parking decreases, East. Metaphorically speaking, the plan was to happen. Britain has some huge spending occurs without direct driver input. Automation local governments may have to find other share the eggs around a few more baskets. decisions to take in the coming years, with extends beyond passenger cars to include sources of revenue. And as cars increasingly The first task was to shore up those other mega-projects like HS2 and on commercial trucks and public transport. take on driving functions, car makers could be baskets and make them suitable to carry the horizon. TfN needs to be on the list if Already there are partially automated features held liable for crashes. The motor industry may eggs after decades of under-investment. But the Government is genuinely committed to in cars being sold today, such as lane-keep try to delay introduction of AV technology until the Government wanted the northern regions rebalancing the economy and developing in assist, adaptive cruise control and automatic such liability issues are resolved. to take responsibility for the repairs and find the North a level of regional connectivity that braking. By 2016 we can expect additional the money to pay for them. Devolution was those in London have enjoyed and prospered functions such as low-speed stop-and-go So what’s next? Much of the information the answer. under for decades. Time will tell. and traffic jam assist, where the driver presses about benefits and challenges is based on a button and the car takes control allowing speculation. There is a need to conduct Northern Powerhouse; city deals; growth Jonathan Turton specialises in the hands-free operation in low-speed scenarios. research that advances our knowledge of deals; devolution – all these terms have strategy, development, procurement, By 2020 we can expect highly automated the real impacts of self-driving vehicles and been used to describe the systematic financing and delivery of large-scale features such as automatic lane change, and reduces speculation – especially as this decentralisation of government control, infrastructure schemes. As the lead for before 2025, self-driving vehicles may be on technology is evolving rapidly. Continued fiscal and otherwise, to our cities and to KPMG’s Cities Unit, he has substantial the roads. real-world testing is critical to safe, timely regional bodies that might take up that involvement in the company’s City Deal deployment, and as most policy studies control. In the last five years, we have made work. He was a key member of the teams Technology firms such as Google as well as have advocated, we need to avoid premature progress in policy terms and some really that successfully advised Leeds and vehicle manufacturers are pushing automated regulation to allow the industry to continue interesting deals have been done, but we are Glasgow city regions on attracting £2.5bn technology onto the market. At the same to develop and innovate. a long way from the original goal of rebalancing of new investment in infrastructure. time, policy-makers are paying attention the economy. Studies as recently as January because of the many benefits. Saving lives Dr Johanna Zmud is director of the 2015 by Centre for Cities show the opposite is one of the most compelling benefits of Washington office of the Texas A&M – London and the South East have continued self-driving vehicles. Human error is the Transportation Institute and adjunct to grow at a higher rate than the North, so the primary reason for more than 90 per cent of researcher with RAND Corporation. She gap is widening. To close the gap the northern auto accidents. Self-driving vehicles have the has nearly 30 years of research and economy will need to grow at a materially potential to save tens of thousands of lives consulting experience with clients in North faster rate than London and the South East. with the associated economic benefits of lives and South America, Europe, the Middle saved. If crashes become exceedingly rare, it East and Asia. She is an internationally For me, therefore, the Northern Powerhouse may be possible to make lighter automobiles acknowledged innovator in transportation concept is about turning the North into more and reduce fuel use. Improved mobility for the research, data, information and technology. than the sum of its parts: creating synergies

38 Yearbook 2014 |2015 THOUGHT LEADERSHIP 39 Income and support

The Museum’s charitable activities depend on income generated by commercial activities, fundraising and marketing, and the generous donations of time and money made by volunteers, sponsors, LTM Friends and other supporters.

LONDON TRANSPORT MUSEUM (TRADING) LTD MUSEUM RETAIL The Museum’s trading company Year of the Bus inspired a number of had its second best year ever in product ranges, including collaborations 2014/15. Turnover was £4.1m and with noted London-based designers profit £1.1m. Year of the Bus created Mini Moderns and cult jewellery label opportunities for sponsorship Tatty Devine. Appropriately, Classic and product development, while Routemaster toys and increased footfall at Covent Garden bus models were two of our best-selling helped sustain shop sales. products, although the perennially Although web sales fell, popular toy Tube train was the most venue hire and membership successful line. In an innovative income both grew. We ran arrangement, TfL joined forces successful pop-up shops with Fender Guitars this year to at the Regent Street Bus mark the 60th anniversaries of Cavalcade and RM60 bus both the Routemaster bus and the event in Finsbury Park, Stratocaster guitar. The limited and had a retail presence edition Fender ‘Routecaster’ at bus garage open days featured elements of TfL and steam train events. branding and was only available Profit will be through the LTM shop and CORPORATE HIRE distributed to the website. It became an instant hit and E-COMMERCE LTM welcomed more than 20,000 guests Museum charity by sold out within weeks. Without the sustained publicity at over 200 corporate venue hire events way of Gift Aid. surrounding 2013’s Tube 150 celebrations, this year. turnover from online sales fell 16 per cent this year. To improve the situation, the Throughout 2014 we offered a special webshop was redesigned and relaunched package celebrating Year of the Bus with in November with upgraded functionality themed cocktails and tours of the exhibition and a better look. We were delighted Goodbye Piccadilly. We were delighted to have our efforts recognised by the to host the National Theatre’s event to Association for Cultural Enterprises relaunch the West End play, The Curious which named LTM’s retail site Best Incident of the Dog in the Night Time, and Online Shop at their annual awards to welcome Google’s City Experts ceremony in March 2015.

40 Yearbook 2014 |2015 INCOME AND SUPPORT 41 was relaunched as a 1914 Battle Bus, FUNDRAISING complete with boarded up windows and Successful fundraising is vital to the khaki paintwork ready for an overseas tour Museum’s long-term sustainability and we to the Western Front. The tour attracted are grateful to all those organisations and national coverage as well media attention individuals who supported us this year. in France and Belgium. The Department for Transport posted an article on their Arts Council England (ACE) is an important to an evening called ‘All Aboard’, which website and we set up a special Twitter provider of project funding to the Museum. generated many positive reviews online. account and blog to sustain public Although we were unsuccessful in our bid Twitter also held their Further Faster interest throughout the tour. to become an ACE Major Partner Museum campaign event at LTM, giving us fantastic in 2014, our application laid the groundwork exposure on one of the world’s busiest Both the LTM shop and Learning for a successful approach to the ACE social media platforms. department now have their own Twitter Museum Resilience Fund in March 2015. accounts, and the Museum’s total LTM was awarded £845,000 over three years To promote LTM, we exhibited at the Twitter followers number over 15,000. which will fund a programme of commercial, event industry’s annual Square Meal Once again, we took part curatorial and education projects. exhibition for the first time, where in the #MuseumWeek we were visited by nearly 400 event event, with a sustained The Heritage Lottery Fund (HLF) has long organisers. We also worked with MARKETING campaign that reached been a major supporter of the Museum. Executive PA magazine to host their Installing dedicated poster sites at a an estimated 300,000 The four year Battle Bus project, funded by annual PA of the Year awards dinner. number of Tube stations and riverboat Twitter account holders. HLF and London Transport Museum Friends, Our suppliers helped create a piers was a major investment this year. reached a watershed this year with the fantastic evening to showcase The poster sites will be seen by millions restoration of bus B2737 and its conversion the Museum and we even had of passengers each year and we can use into a wartime Battle Bus. We will mark a trapeze hanging from the them to promote our exhibitions and further milestones as the project continues building’s cast-iron arches. retail activities. over the next three years. A promotional video of the event is available on the Museum website. The launch of Goodbye Piccadilly in May The DCMS/Wolfson Museums and Galleries drew media attention from the BBC, ITV Improvement Fund agreed to support Commercial filming and photography at and overseas broadcast media as well improvements to the galleries as part of the LTM has been very successful this year, as the domestic press and a number of two-year Transported by Design programme. with income up by over 200 per cent . magazines. Working in partnership with The Fund also provided vital support for Acton Depot was used as a location for TfL, we invested significant marketing LTM’s new All Aboard family play zone for GQ magazine, Lebaro mobile, a Tally Weijl resources to promote Year of the Bus the under-sevens, which opened at the end fashion magazine advertisement and a events such as bus garage open days and of March 2015. This project also benefited BBC drama called A Song for Jenny, to the hugely successful historical cavalcade from capital funding from TfL, an interactive be broadcast in 2015. of buses in Regent Street. On the back of bus display provided by Optare, and a this activity we were able to encourage generous donation from the Luke Rees- people to visit LTM to find out more. Pulley Charitable Trust, who also agreed Despite the focus on high-profile outside to fund an apprentice post in 2015/16 to events, we succeeded in attracting almost support the Inspire Engineering programme. 370,000 people to the Museum in Covent Our skills and young people’s programming Garden – a record-breaking result. was also boosted by a grant awarded by the Lord Mayor’s Appeal. A highlight of the year was the launch of B type bus B2737, beautifully restored to its civilian livery. Eye-catching, and unusual, the bus generated press and media interest and became a big hit with our visitors. An even bigger splash was created in September when the bus

42 Yearbook 2014 |2015 INCOME AND SUPPORT 43 LONDON TRANSPORT TfL hosted the annual Covent Garden Dinner MUSEUM FRIENDS and Auction in November 2014 to raise funds The Museum is fortunate to have the for the Museum’s charitable activities. This invaluable support of the LTM Friends, an year’s event raised £268,000, making it the most independent, volunteer-led charity funded successful ever. Mayor of London Boris Johnson by memberships, donations, legacies and and Commissioner of TfL, Sir Peter Hendy CBE sales of transport-related collectibles. The were keynote speakers and tables for the event Friends offer knowledge, enthusiasm and sold out in record time. Our thanks to the many financial assistance to the Museum, and organisations that attended or contributed many regularly volunteer at Covent Garden, auction items for the evening, and particularly to Acton and at Museum events. In 2014/15, our auctioneer, James from Bonhams. the Friends provided financial support for vehicle restoration and the purchase of a Having established a Patrons’ Circle last year to Also this year, thanks to the support of number of new items for the collection. encourage individual donors to support LTM, Clear Channel UK, we launched the we were pleased to see that all our Patrons three-year Transport Poster Art programme To find out more about chose to renew their membership. This year’s with a range of new posters commissioned LTM Friends, visit programme for Patrons included visits to the from London-based printmaker Paul Catherall. ltmuseum.co.uk/friends Crossrail works, Greenwich Power Station and Initially displayed on the Museum’s poster a tour of Kingsway subway. sites in Tube stations, the posters went on to appear on Clear Channel bus shelters across For more information about joining the Capital and were available to buy in the the Patrons’ Circle, please email LTM shop. [email protected] VOLUNTEERS The Corporate Membership scheme had During 2014/15, 289 volunteers contributed CORPORATE SUPPORTERS another excellent year, generating over over 20,000 hours towards the Museum’s We value the relationships that we have £500,000 to support the Museum’s charitable work. Volunteers provided essential support established with our corporate partners and work. New members this year included 2CV, to the Regent Street Bus Cavalcade, bus the support they provide towards the Capita, Colas Rail, HDI Gerling, JBW, Keolis, garage open days and popular tours of the Museum’s charitable work. MBNA , McNicholas, disused station at Aldwych. Volunteers led Morgan Sindall, STM Security Group and guided tours at Museum Depot in Acton This year we celebrated Year of the Bus with a Transit Operations. for Johnston Journeys (highlighting the life fantastic programme funded by Exterion Media, of typeface designer and by Abellio, Arriva London, Clear Channel The Museum’s programmes, and our strong Edward Johnston) and enthusiastically UK, Go-Ahead London, , Optare, ties with the transport industry and TfL, offer embraced the new role of ‘welcome host’, RATP Dev UK, Stagecoach, telent Technology exceptional opportunities for corporate meeting and supporting visitors at Covent Services and Wrightbus. Exterion Media supporters. To find out more, please contact Garden. At the 2014 London Volunteers in also support the Museum’s main temporary the LTM Development team on 020 7565 7451 Museums Awards, our volunteers won in exhibition space, the Exterion Media Gallery. or email [email protected] the Best Team category for their work delivering family tours at the Depot. Other ongoing support came from Cubic Transportation Systems for the Cubic Theatre To find out more about volunteering, and Foyer, and Thales and Eversheds for the visit ltmuseum.co.uk/getinvolved Thought Leadership programme. We were delighted to welcome Siemens as the first industry supporter of the Inspire Engineering programme which delivers accredited engineering activities for young people to motivate the next generation of transport engineers.

44 Yearbook 2014 |2015 INCOME AND SUPPORT 45 Corporate members Sponsors and donors The Museum has a thriving Corporate Membership scheme and Our supporters help to sustain the Museum and enable our charitable work. we are grateful to the following organisations for their support We would like to thank the following organisations and individuals for their and enthusiasm. support and generosity this year.

LEADER MEMBER MAJOR SUPPORTERS Abellio 2CV Transport for London* Alan Moore CBE Alexander Dennis Amey* Heritage Lottery Fund Richard & Sue Rees-Pulley Arriva London BAM Nuttall Arts Council England Ian Ross Balfour Beatty Rail Bircham Dyson Bell* DCMS /Wolfson Foundation Museums Paul Ross Bombardier Transportation UK* Group* and Galleries Improvement Fund John A. Self OBE Capita* Capital & Counties Properties* London Transport Museum Friends Phil Swallow Colas Rail* Citylink Telecommunications Luke Rees-Pulley Charitable Trust Richard West ComfortDelGro Deloitte* Garfield Weston Foundation Nicholas Woolf CSC* Freshfields Bruckhaus Deringer* Cubic Transportation Systems* McNicholas Construction Services* MUSEUM SPONSORS ALL ABOARD FAMILY PLAY ZONE EM Highway Services* Morgan Sindall Exterion Media* SUPPORTERS EPC Mott MacDonald Exterion Media Gallery DCMS /Wolfson Foundation Museums FirstGroup UK Bus* Mountview House Group Cubic Transportation Systems* and Galleries Improvement Fund GB Railfreight PricewaterhouseCoopers Cubic Theatre and Foyer Luke Rees-Pulley Charitable Trust Hitachi Rail Europe* Ramboll Clear Channel UK* Optare Imtech Traffic and Infra UK* RATP Dev UK Transport Poster Art JBW Group Sacker & Partners* Siemens* and with thanks to Keolis UK STM Security Group Inspire Engineering Imtech Traffic and Infra UK* LG CNS Trapeze Group Eversheds* McKenna Brothers Marston Holdings Trueform Engineering Thought Leadership Go-Ahead London* MBNA Thames Clippers Wragge Lawrence Graham Thales UK* M. J. Quinn* Wrightbus* Thought Leadership BATTLE BUS JOURNEY TO THE QBE Insurance WESTERN FRONT Ringway Jacobs* HONORARY CORPORATE MEMBER YEAR OF THE BUS SPONSORS The commemorative First World War Serco 4-RAIL Services Exterion Media* journey of bus B2737 to France and Siemens* Abellio Belgium was made possible by individual Skanska *Thank you to these companies who Arriva London donations through our crowd-funding Swiss Re purchased tables at the 2014 Covent Clear Channel UK* campaign, ‘Help get Battle Bus to the Thales UK* Garden dinner and auction, as did Alstom Go-Ahead London* Western Front’. We also received Operations Transport UK, Ashurst, BT Global Services, Metroline support from Eurotunnel, GB Railfreight Vix Technology Costain, Herbert Smith Freehills, HSBC, RATP Dev UK and KBR-FTX Logistics. J Murphy & Sons, Jacobs. Stagecoach* DRIVER Wrightbus* BATTLE BUS RESTORATION APPEAL CH2M Hill Optare Over 130 people made a personal Eversheds* telent Technology Services* donation towards the restoration of Ferrovial Agroman B type bus B2737. We would like to Go-Ahead Group* PATRONS thank everyone who lent their support HDI Gerling David Buck to the project. We would also like to Telefonica O2 Paul Butler thank individuals who donated to our telent Technology Services* Steve & Melanie Edge ongoing Helping to Keep Heritage on Guy Marriott the Move Appeal.

46 CORPORATE MEMBERS SPONSORS AND DONORS 47 Public programme

Alongside our education services and daily Museum opening, we run a rich programme of tours, talks, vehicle operations and community events. Activities take place at Covent Garden, Acton Depot and venues across London, to widen FAMILY AND COMMUNITY ACTIVITIES the Museum’s reach and inspire 12–21 April 2014 Underground Overground Storytelling and model-making inspired by the Museum’s new audiences. many buses

24 May – The Travels of Ole Bill Year of the Bus dominated our public 1 June 2014 Storytelling and badge design based on bus drivers and the First World War programme this year, with the Battle Bus project grabbing the headlines. 22 June 2014 Don’t let the Pigeon Drive the Bus The restored bus B2737 made dozens Specially commissioned performance of the popular children’s of appearances – at bus garage open book as part of the Regent Street Bus Cavalcade. Created by days, the Lord Mayor’s Show and the Big Wooden Horse Theatre Company spectacular Bus Cavalcade on Regent 28 July – 1 August, Clippie Currency Street. Linked to our exhibition 18–22 August 2014 Storytelling about Constance, a war-time ‘conductorette’, Goodbye Piccadilly were talks, alongside art workshops to craft coins and purses Friday Lates and a range of family 4–8, 25–29 Pigeon Post craft activities. August 2014 Storytelling and workshops inspired by wartime carrier pigeons

Our young apprentices and volunteers led 22 August, Early Explorers a number of events, and many elements 31 October, Early morning access to the Museum and special activities for 14 November 2014 families with children on the autistic spectrum of our programme were delivered in collaboration with community and 27–31 October Buses in Disguise corporate partners, in particular TfL 2014 Storytime and craft activities using time travel and buses from and our Year of the Bus supporters. London’s past November 2014 Props and Costumes – March 2015 Weekend activities for families to dress up in replica transport uniforms

29 December 2014 Dashing through the Snow – 2 January 2015 Holiday events including storytelling and model vehicle-making

January to March 100 Years of Women in the Workforce: Bus Garage Visits 2015 Drop-in events in Battersea, Catford, Hammersmith, Holloway, Shepherd’s Bush, and Walworth to discuss the role of women in the bus industry and encourage staff to participate in LTM’s Year of the Bus events

16–20 February Shadow Puppet Cinema 2015 Stories and crafts inspired by the early days of cinema

48 Yearbook 2014 |2015 PUBLIC PROGRAMME 49 TALKS, COMEDY AND OTHER EVENTS

8 April 2014 From A to B and back again Talk by LTM Research Fellow Oliver Green on the evolution of the London bus

29 April 2014 Routemaster: The Bus We Loved Talk by writer Travis Elborough on how the Routemaster bus became a London icon

16 May 2014 Goodbye Piccadilly Friday Late bringing pre-war 1914 London to life, with talks, perfume workshops and quizzes

31 May 2014 BSL Poster Tours Sign language interpreted tours of the collection at the LTM Depot in Acton LONDON WALKS AND STATION TOURS 3 June 2014 London and Londoners in the Great War 5–29 June 2014, Aldwych Underground Station Tours In association with Church Street Library in Westminster, 22 January – Guided tours of the disused Aldwych Underground station project for adult and child learners from non-English-speaking 15 February 2015 backgrounds

7 June 2014 Semi-detached Holden 25 June 2014 Bright Club A walking tour of architect Charles Holden’s stations in north A night of transport humour with staff taking to the stage to and west London have a go at stand-up comedy

20 June 2014 Aldwych in Pictures 18 July 2014 Carnival City A virtual tour of Aldwych Underground station, using film Friday Late with music, talks and more to capture the swing footage and photographs, in the LTM Cubic Theatre of summer

21 June 2014 Holden Goes West 23 July 2014 Tubespotting with Geoff Marshall A walk examining stations as British examples Comedian Geoff Marshall’s Edinburgh Fringe show at of modernist architecture the Museum

2 September 2014 The Only Road for an Englishman Talk by David Bownes of the on First World War posters as propaganda

11 September 2014 Ole Bill Book Launch and Talk Talk by author William Ward on bus drivers in the First World War

26 September 2014 BSL Exhibition Tour Signed tour of the Goodbye Piccadilly exhibition

2 October 2014 National Poetry Day Open Mic Joint poetry reading, with the Poetry Society and Covent Garden Underground station

3 October 2014 Labyrinth Premiere of a short film documenting Mark Wallinger’s public art project on London Underground

50 Yearbook 2014 |2015 PUBLIC PROGRAMME 51 HERITAGE VEHICLE OUTINGS

6 April 2014 East Grinstead Running Day LTM historic vehicles at the annual running day around the town centre

12–13 April 2014 75th Anniversary of the RT Bus The gold RT4712 on display at the 75th anniversary of the RT type bus at the London Bus Museum, Brooklands

4 May 2014 Historical Commercial Vehicle Society London-to-Brighton Run LT1076 Scooter, MBA582 and the Flexible Display Vehicle in the London to Brighton run of historic vehicles

12 June 2014 Battle Bus Launch in Covent Garden Launch of the newly restored bus B2737 to the public and press outside the Museum

12 June 2014 London Bus Awards Bus B2737 on display outside the Park Plaza Hotel on Albert 14 October 2014 Kate Adie: Fighting on the Home Front Embankment for the London Bus Awards Talk on how women’s lives were changed forever by the First World War 15 June 2014 Walthamstow and AEC works Bus B2737 at Walthamstow Bus Station, the site of the 18 October 2014 The Social and Cultural History of the London Bus former AEC works (both connected to the vehicle’s history) Symposium on the social and economic history of and Stoneydown primary school, with children given the London’s buses chance to board

31 October 2014 Subterranean Scream 16 June 2014 The Worshipful Company of Carmen Cart Friday Late for Hallowe’en with fancy dress, mask-making Marking Ceremony and ghost stories from the London Underground Cart marking of buses B2737, New Routemaster, original Routemaster and RT bus by the 12 November 2014 The Iron Road Talk by transport expert Christian Wolmar on how the railways 22 June 2014 Regent Street Bus Cavalcade shaped London Flagship event for Year of the Bus, with a run of heritage buses from LTM: B2737, DMS1, FRM1, K424, LT165, LT1076, MBA582, 15 November 2014 1914–18: From Home Front to Western Front NS1995, OV2, Q1 trolleybus, RCL, RM2 and Volvo B10M Symposium with writers and academics drawing on the LTM exhibition Goodbye Piccadilly 12–13 July 2014 Routemaster 60 Buses B2737, FRM1, RCL2229, RM1, RM2 and Exhibition 18 November 2014 Women, Fashion and the First World War Bus at Finsbury Park event celebrating 60th anniversary of Talk by historian Emmanuelle Dirix on how women’s dress the Routemaster changed after 1914

28 November 2014 Paint the Town Red Friday Late devoted to the London bus with limited edition prints, craft-making and special edition gin

6 February 2015 Farewell Leicester Square Friday Late celebrating the Jazz Age that followed the end of the First World War

13 February 2015 BSL Exhibition Tour Signed tour of the LTM exhibition, Goodbye Piccadilly

10 March 2015 All Change! Talk by curator Beverley Cook on whether women’s lives were indeed changed by the First World War

52 Yearbook 2014 |2015 PUBLIC PROGRAMME 53 19 July 2014 Arriva London Driver of the Year Bus RT4712 on display at the Arriva London Drivers Awards

2 and 9 August Steam on the Underground 2014 Steam locomotive runs to mark the 150th anniversary of the Hammersmith & City Underground line. Buses B2737 and RT4712 also on display

10 August 2014 Shuttleworth Air Show Display of Bus B2737 amid wartime transport at the Shuttleworth Collection in Old Warden, Bedfordshire

16–17 August 2014 Steam Back on the Met Historic steam locomotive runs on the Metropolitan line

29 August 2014 Recreation of Route 9 Recreated journey with bus B2737 of Route 9 (1914) from 8–12 September Wartime Conversion Mortlake Bus Garage to Liverpool Street, with members 2014 Public conversion of Bus B2737 to military livery, followed of the public on board by launch of Battle Bus to the public and press on Covent Garden Piazza 7 September 2014 Hampton Transport Gala Bus LT1076 at Hampton Transport Gala to mark the 150th 18–29 September Battle Bus: London to the Western Front tour anniversary of the opening of the railway between Fulwell 2014 Battle Bus tour to Western Front locations where London Junction and Shepperton buses were in service, including six towns in Flanders and the Somme, and visits to war cemeteries and memorials 7 September 2014 Amersham Heritage Day Bus RCL2229 at the Amersham Heritage Day 28 September 2014 Epping – Ongar Railway Event Buses RM1 and RM2 on display at heritage railway event 8 September 2014 Final Journey in LGOC livery On the eve of its conversion to First World War livery, bus 30 September 2014 Earls Court Event B2737 makes its final journey in LGOC red, from the Depot 60th anniversary of the first public appearance of the RM1. to the Museum via the bus works in Lower Holloway Buses RM1 and RM2 in attendance

19 October 2014 Transportfest LTM’s Battle Bus on display at Transportfest organised by the London Bus Museum at Brooklands in Surrey

30 October 2014 CapCo Poppy Day Battle Bus on display in Covent Garden Piazza, with over 600 visitors given a chance to board

8 November 2014 Lord Mayor’s Show TfL buses and LTM Battle Bus join the annual parade through the City of London, with Battle Bus carrying passengers in Sikh Regiment period uniform as part of the National Army Museum’s War and Sikhs community project

9 November 2014 National Service of Remembrance Battle Bus on display in Parliament Square

18 November 2014 UK Bus Awards Battle Bus on display outside the London Hilton on for the UK Bus Awards Ceremony, with public and guests allowed on board

25 January 2015 Year of the Bus Family Fun Weekend Battle Bus and a mobile exhibition on display at Queen Elizabeth II Olympic Park, Stratford, along with TfL-commissioned bus sculptures, and a marquee of family activities and over 600 visitors boarding the Battle Bus

54 Yearbook 2014 |2015 PUBLIC PROGRAMME 55 BUS GARAGE OPEN DAYS AND TOURS

10 May 2014 Catford Bus Garage Open Day Buses RM1, New Routemaster and FDV on display alongside our Year of the Bus mobile exhibition, and a Safety and Citizenship vehicle

7 June 2014 Alperton Bus Garage Open Day Open day with displays including LTM buses LT1076, gold RT4712, NS1995, and the Exhibition Bus as well as family activities, object-handling trolley and actors

21 June 2014 Stockwell Bus Garage Open Day Buses FRM1, DMS1, MBA582, B2737 and the Exhibition Bus on display inside the modernist architecture of Stockwell Bus Garage

28 June 2014 Fulwell Bus Garage Open Day Buses B2737, LT1076, RM1, FRM1 and a trolleybus on display alongside activities for children such as a bouncy bus and the Exhibition Bus

28 June 2014 Inside West Ham Bus Garage Guided tour of the newest, biggest and greenest bus garage in London, with a talk by the architect

5 July 2014 Potters Bar Bus Garage Open Day Buses FRM1, LT1076, gold RT4712 and DMS1 on display alongside the Exhibition Bus and Safety and Citizenship vehicle

19 July 2014 Walworth Bus Garage Open Day Buses B2737, MBA582, DMS1 or FRM1 and RM2 in display alongside the Exhibition Bus and family activities

7 September 2014 Dartford Bus Garage Open Day LTM buses K type, FRM1 and DMS1 on display with other activities such as the Exhibition Bus

56 Yearbook 2014 |2015 PUBLIC PROGRAMME 57 EXHIBITIONS AND SPECIAL DISPLAYS

29 July 2013 – Faster, Smarter, Easier 21 January 2015 Interactive display looking at the engineering innovation and new technology being used to tackle congestion and make journeys faster on the Tube

16 May 2014 – Goodbye Piccadilly: From Home Front to Western Front 19 April 2015 Major exhibition about London during the First World War: how drivers took their buses to the front to support the war effort, how women joined the transport workforce and how Londoners came under attack from the air as war came to the Capital

16 May – Poster Parade: Poetry in Motion 24 July 2014 Posters celebrating the history of poetry on London’s transport

25 July – Poster Parade: Propaganda 27 November Posters showcasing London Transport’s advertising campaigns 2014 during the First and Second World Wars

28 November 2014 Poster Parade: Year of the Bus – 29 January 2015 Chosen by public vote on Facebook, a selection of posters reflecting the constant flux of London’s social landscape

30 January – Poster Parade: A Century of Creative Women 23 April 2015 A display of posters designed by women for TfL and its predecessors

From 1 February Breakthrough: Crossrail’s Tunnelling Story 2015 A display with a five-metre-high walk-through section of a Crossrail tunnel, showing how tunnels for Crossrail are being bored under London’s complex city surface

MUSEUM DEPOT

April 2014 – Behind the Scenes at the Museum Depot March 2015 Monthly guided tours of the Museum’s collection

14 –17 April 2014 Family Tours of the Depot Special family tours highlighting a Victorian train carriage that was once somebody’s home and an Underground train driven by the Queen

May, August, Art and Poster Tours November 2014, Guided tours of our celebrated collection of 7,000 posters February 2015 commissioned by London Transport, TfL and predecessor companies

13–14 September Museum Depot Open Weekend 2014 Open weekend with vintage motorcycles and the restored B type bus readied for wartime service in khaki livery on display, and activities ranging from bus pit tours to storytelling for children and model bus-making workshops

November 2014, Battle Bus Tours at the Depot January to March A new guided tour by young apprentices showing the Battle Bus, 2015 a horse bus and other early vehicles

14 February, Johnston Journeys Tours 13 March 2015 Guided tour based around the influential typeface designed by Edward Johnston for London’s transport network

58 Yearbook 2014 |2015 PUBLIC PROGRAMME 59 Financial review Future Exhibitions and Education RESTRICTED FUNDS Fund £0.5m Restricted funds are created where donors The charity made an operating surplus of £1.2m from which we funded £0.7m There were no calls on this Fund in or funders restrict the use of funds for of capital work leaving £0.5m as an addition to reserves. We have begun to set 2014/15 as the Museum’s learning and a particular purpose. The Museum has exhibition programmes secured the £0.9m in a series of restricted funds. aside funds to prepare for the next major overhaul of the Museum. necessary funds to undertake planned activities. The largest restricted fund is the This year, the Museum generated an and significant improvements to public Collections Development Fund (CDF) operating surplus of £1.2m (2014: £1.1m), accessibility at Acton Depot. Museum Development Fund £2m which was established in 2012 following of which £0.7m relates to grants for The Museum Development Fund is set the auction of 400 surplus posters. The capital expenditure undertaken in the RESERVES aside to provide for repairs and renewals Museums Accreditation scheme requires year. Funds carried forward of £31.9m The reserves policy is reviewed annually and stood at £2m at the end of 2014/15. that the disposal of any collection object (2014: £30.6m) include £25.1m in the taking into account the Museum’s plans, The target range for reserves for this creates an obligation to spend the income Capital Fund which represents the value funding and general financial position. purpose is between £1m and £2m, based in a way which benefits the collection. of the Museum’s fixed assets rather than The Trustees maintain reserves for three on the Museum’s estimated capital Accordingly, the Collections Development funds readily available for use. main reasons: expenditure needs. There was no call Fund can only be used for acquisitions on the fund in 2014/15 and it remains and conservation. In 2014/15, the CDF Income was down on 2013/14 by £0.4m. ..To provide funds for major repairs, at £2m. funded new acquisitions and restoration In part this was due to TfL revenue grant asset renewals and other future capital activity totalling £22k, with £3k of interest coming to the end of a phased, four- expenditure associated with the The Museum 2020 Fund £2m received adding to the fund which now year reduction and the agreed profile of Museum’s premises, facilities and The Museum at Covent Garden has been stands at £0.8m. project expenditure meaning that grants exhibitions significantly refurbished twice since it The Tube 150 Legacy fund was established for HLF and ACE projects were lower than ..To provide funds for collections opened in 1980. The last major refit in 2011/12 ahead of the 150th Anniversary in the previous year. Changes to the ratio acquisition, conservation and restoration was completed in 2007 and we are now of the London Underground in order of adult visitors to child visitors, and an ..To underwrite the planning of major halfway through the expected lifespan to seek donations to restore the Met increase in repeat visits both affected exhibitions and related activities in of the current design. The Trustees have No.1 steam locomotive. The fund was Museum admissions income, but this was advance of seeking external funding, established a new fund to build up a in deficit at the start of this year and offset by increased revenue from running and to cover the cost of such activities reserve that will help deliver the next although the hiring and operation of the two sets of highly popular tours of should external funding not become iteration of the Museum. £2m has been locomotive are expected to generate Aldwych disused station. 2014/15 was the available designated against this fund. additional income over the long term, Museum trading company’s second most there are also additional costs associated successful year, even though, without The Trustees are considering whether Capital Fund £25.1m with the upkeep of the vehicle. Rather the benefit of the previous year’s poster surplus funds should be set aside in a long The majority of the Museum’s fixed than continue to show this fund in deficit, exhibition, retail sales did not reach term, ‘endowment-style’ fund to generate assets transferred to LTM from TfL the Trustees consider it prudent to close 2013/14 levels. The trading company investment income for the benefit of the on 1 April 2008. At this time, reserves the fund via a transfer from unrestricted made an operating profit of £1.1m Museum. This will be evaluated during equivalent to the balance sheet value of funds and to manage the operation of the which will be donated via Gift Aid to the 2015/16. the assets were set aside in a designated locomotive via general funds in future. Museum charity. LTM also benefited from fund as they do not represent funds additional TFL support this year through GENERAL RESERVES readily available for other purposes. This Other restricted funds are detailed in the capital grants for essential works and General reserves are those reserves not Capital Fund is adjusted to include the notes to the financial statements. considerable support in kind including designated or restricted to a particular value of asset purchases and disposals, financial and HR services. purpose. At the end of 2014/15 they stand and is written down annually by the value INVESTMENT POLICY at £1.4m. This is equivalent to one month’s of the depreciation on the Museum’s It is the policy of the Museum to Total operating expenditure reduced by operating expenditure. fixed assets. Transfers have been made invest surplus funds in short-term cash 5 per cent in 2014/15, in part due to the in respect of the capital work undertaken deposits within the UK. Investigations release of accruals for the cost of TfL DESIGNATED FUNDS this year that was partly funded by are continuing into ways in which the central services which will no longer be Designated funds are unrestricted funds set sponsorship to ensure that the Capital Collections Development Fund and charged for. Important capital investment aside by the trustees for a specific purpose. Fund represents the net book value of the Museum 2020 Fund can be invested in was met from surplus funds including There is £28.6m set aside in four key Museum’s tangible fixed assets. order to optimise the returns for the the All Aboard children’s play zone designated funds: future benefit of the Museum collection.

60 Yearbook 2014 |2015 FINANCIAL REVIEW 61 In 1951 the British Transport Commission purpose-built lecture theatre, special officially recommended the protection exhibition and education spaces, and of the nation’s transport heritage and brand new children’s area. Our collection London Transport was given a statutory is designated as being of national duty to preserve artefacts collected up importance and now includes trains, to that date. The Museum of British buses, , taxis, signs, photographs, Transport was set up in a former bus posters, uniforms and transport garage in to display the national ephemera, as well as audio, video and transport collection, but closed when the digital data. In 1999 we opened our mainline railway material was used to help dedicated storehouse in west London, establish the allowing us to bring together all those in the 1970s. items not on display at Covent Garden and make them publicly accessible at For some years vehicles and other items the Depot in Acton. from the London Transport Collection were displayed in a large greenhouse at LTM became a registered charity in History of Syon Park in less than ideal conditions. 2008, with a Board of Trustees and a Other items were scattered across clear remit to deliver public benefit. the Museum London, often mothballed at operational Today we welcome more visitors than bus garages. The former Covent Garden ever and deliver significant social benefit market offered an opportunity to move through our skills development and youth The heart of our 2014 Year of the Bus programme was the the collection to the West End and on engagement programmes. The Museum’s 28 March 1980 the newly created busy schedule includes late-night restoration of B type bus B2737. Fittingly, a B type bus is London Transport Museum opened. openings, Depot open weekends, bus where the story of the London Transport Museum began... and steam train operations, guided tours We still occupy the same Covent of disused stations and an education In 1911, at the Walthamstow works of Sensing that its heritage was worth Garden building today but it has been function that sees nearly all Year 6 the London General Omnibus Company preserving, the LGOC retained B340 significantly refurbished twice since 1980. children in London each year. (LGOC), the 340th B type bus rolled off and began to accumulate other retired It now has two further interior floors, a the production line. Along with many vehicles as well. In doing so they planted other vehicles, B340 was commandeered the seeds for the LTM collection that by Britain’s War Department at the start now numbers over 475,000 objects. of the First World War but returned to normal service in 1916, eventually In 1933, the LGOC became part of the retiring in December 1924. Unlike its London Passenger Transport Board, contemporaries, however, B340 was which adopted a formal policy to not destined for the breaker’s yard or a preserve significant road and rail vehicles second life as a hen house. withdrawn from service.

62 Yearbook 2014 |2015 HISTORY OF THE MUSEUM 63 TRUSTEE INDUCTION AND TRAINING RISK MANAGEMENT Structure, governance New Trustees undergo an orientation The Trustees acknowledge their programme to brief them on their responsibility to assess and manage obligations under charity and company the risks facing the Museum. The major and management law, the content of the Memorandum risks to which the Museum is exposed and Articles of Association, the have been reviewed. The Trustees have GOVERNING DOCUMENTS TRUSTEES committee and decision-making implemented a risk management strategy London Transport Museum Limited (LTM) There are up to thirteen Trustees, processes, the business plan and recent which includes the following actions that is a registered charity incorporated on three of whom are nominated by TfL performance of the Museum. During were undertaken in the year: 6 February 2008 as a company limited by and may be members, officers or their induction they are invited to spend share. It is governed by its Memorandum employees of TfL or the Greater London time with the LTM Managing Director .. Periodic risk reviews by the Managing and Articles of Association. Under Assembly. The Managing Director of and meet senior staff, and are provided Director and Senior Management Team, the GLA Act 1999, Transport for LTM is automatically a Trustee by virtue with relevant reference material. overseen by the Audit Committee London (TfL) has the power to provide of his office, and there are up to nine .. Annual review of risk and risk and maintain a museum of transport independent Trustees unconnected COMMITTEES management by the Trustees artefacts, records and other exhibits. with TfL. The Board has established a The Board of Trustees has four .. Maintenance of the Risk Map and While it is common for charities to Nominations Committee to offer advice committees: Risk Register incorporate as companies limited by and make recommendations regarding the .. Maintenance of systems and guarantee, the Transport for London appointment of independent Trustees. .. The Audit Committee assists and procedures to mitigate risks identified (Specified Activities) Order 2000 requires We use personal recommendation and advises the Board of Trustees of in the Risk Map and Risk Register TfL to carry out museum activities external search to recruit Trustees with LTM and the Directors of LTMTL on .. Maintenance of procedures designed through a company limited by shares. expertise and experience that will support audit and risk matters, oversees the to minimise any potential impact the strategy and operation of the Museum relationship with TfL Internal Audit on the Museum should those risks Under section 5.1 of the LTM in areas such as community outreach, and external auditors, and oversees materialise Memorandum of Association, the education, museum practice, commercial the Museum’s risk management .. Regular audits of Museum operations property and funds of the Museum must transportation, finance and governance, process. The committee’s activities carried out by TfL’s Internal Audit be used only for promoting the objects retail operations and public relations. include detailed review of the Annual department and no dividend is payable to TfL. Accounts and consideration of Internal LTM has a wholly owned subsidiary, Trustees serve a three-year term Audit Reports The Museum’s key risks are identified London Transport Museum (Trading) following which they may be elected .. The Finance Committee assists and as those with a potential impact that Limited (LTMTL) which operates retail, for another three years. The Articles of advises the Trustees on issues relating is rated ‘High’ or ‘Very High’, and which corporate hire and other non-charitable Association make allowance for a to financial matters including financial have a ‘High’ or ‘Very High’ likelihood of activities to generate funds to further second extension of up to three more objectives, financial strategy, budgeting occurring. Two risks fall into this category: the Museum’s objects. All the profits years in exceptional circumstances. and reporting. The committee reviews of LTMTL are distributed to LTM. Other than the Managing Director, who budgets and plans and scrutinises ..Reduction in TfL core funding – is an employee of LTM, the Trustees performance information including following a likely post-election ORGANISATION receive no remuneration but may claim management accounts Comprehensive Spending Review by The Museum is governed by a Board travel expenses for attending meetings. .. The Nominations Committee advises government of Trustees, chaired by Sir David Bell. the Board on issues relating to the ..Employee morale – given recent The Board meets four times a year for The appointment of Jeremy Fraser came mix of skills represented by the Board, changes to TfL pay bands and reward routine business and may convene other to an end during 2014/15. We are most succession planning for Trustees, and structures which will affect LTM staff meetings as necessary to consider urgent grateful to him for his contribution and Trustee recruitment. In particular, the issues. In addition, Trustees take part in enthusiasm over the years. committee makes recommendations To mitigate these risks, the Trustees an annual review of strategy. Day-to-day to the Board regarding the appointment and/or Management Team have management of the Museum is delegated Penny Johnson CBE joined the Board in of independent Trustees undertaken the following actions: to the Managing Director, Sam Mullins, September 2014. Penny is Director of the .. The Remuneration Committee reviews and through him to the Senior Government Art Collection and brings a the level and structure of remuneration .. Established a Finance Committee to Management Team, employees wealth of experience with government, for the Chief Executive and other oversee financial strategy, plans and and volunteers. heritage and art to the board. At 31 March members of LTM’s Senior Management budgets 2015, there were twelve Trustees. Team on behalf of the Board

64 Yearbook 2014 |2015 STRUCTURE, GOVERNANCE AND MANAGEMENT 65 .. Created an ambitious commercial CHARITABLE OBJECTIVES (2) Public aspect: That the Museum Many of the Museum’s outreach income growth plan for LTMTL AND PUBLIC BENEFIT delivers benefits to the public in general, programmes are free for participants. .. Diversified sources of funding and When reviewing the Museum’s aims, and that these benefits are not unduly The Safety and Citizenship and Youth secured grants for capital investment objectives and achievements, and in restricted and do not give rise to more Travel Ambassador programmes engage to boost future income generation planning future activities, the Trustees than incidental personal benefit. with over 100,000 pupils each year and .. Engaged with TfL’s Human Resources of LTM have had due regard to the public are delivered at no cost to the schools staff benefit guidance published by the Charity LTM delivers benefits to visitors at the taking part. .. Proposed a new local consultative Commission. We believe that LTM Museum in Covent Garden and the Depot forum with trades unions upholds the principles of public benefit in Acton, to users of our website, and Where the Museum delivers private .. Created a Museum People Group to against the two key aspects established to schoolchildren and audiences across benefits to individuals or companies, increase staff communications by the Charity Commission: Greater London who take part in our these are subject to appropriate educational, community and engagement commercial arrangements undertaken RELATIONSHIP WITH TFL (1) Benefit aspect: That the Museum activities. Our audience development through a subsidiary company to generate A series of written agreements exists has beneficial purposes and that any and community outreach work engages funds for the Museum. No LTM or TfL between TfL and LTM which sets out the detriment or harm that results from those with people who would not normally visit staff receive private benefit other than in framework for the continued provision purposes does not outweigh the benefit. museums and galleries. The Museum at an incidental way and, with the exception and maintenance of the Museum, the Covent Garden is fully accessible and of Sam Mullins who receives a salary in operation and funding of LTM, and the LTM’s purposes as a charity are to welcomes visitors on all but two days respect of his position as the Museum’s long-term relationship of the parties. advance the heritage of transport in of the year. Managing Director, the Board receive no Items in the Museum collection are London and to educate the public about payments for their role as Trustees of subject to a loan agreement between the history of transport in London through Our visitors come from across London the Museum. the Museum and TfL. the provision, operation and maintenance and the world. We take our historic of a transport museum for the public vehicles out onto the roads and rails, DISCLOSURE OF INFORMATION The Museum receives support from parts benefit. LTM also seeks to educate the make disused stations publicly accessible, TO AUDITORS of the TfL Group such as Finance, Human public about the role of transport in the visit schools and work with local The Trustees who held office at the Resources, Internal Audit and Payroll. life and work of London past, present and communities across the Capital. We date of approval of this Trustees’ Further details can be found in the future. The Museum provides clear and also loan objects to other institutions Report confirm that, so far as they are Notes to the Financial Statements. identifiable benefits to the public in three to extend our reach and increase access each aware, there is no relevant audit categories of activity: access and museum to our collections. Our comprehensive, information of which the Museum’s EMPLOYMENT POLICIES operations, education and engagement, free, online resources include access to auditors are unaware; and each Trustee At the end of March 2015, the Museum and heritage and collections. Details of information about exhibits in our main has taken all the steps that they ought employed 97 people. our achievements can be found elsewhere gallery as well as thousands of objects to have taken as a Trustee to make in this report. not normally on public display. themselves aware of any relevant The Museum is part of the TfL information and to establish that the Framework for Consultation and LTM does no harm or detriment through Although the Museum charges admission Museum’s auditors are aware of that Collective Bargaining. Pay negotiations its charitable activities. The health and fees, various measures are taken to information. are conducted between the TfL safety of staff and visitors are taken ensure that charges do not unduly Company Council for Collective very seriously and the Museum operates restrict access to the collection. These Bargaining and the recognised trades safety management systems to reduce include free entry to the Museum for unions which are the National Union of and manage risks. We seek to reduce children and for carers accompanying Rail, Maritime and Transport Workers our impact on the environment by disabled visitors. Anyone aged 17 or (RMT) and the Transport Salaried Staff reusing materials purchased for temporary under qualifies for free admission. Association (TSSA). exhibitions where possible. LTM also Reduced admission charges apply to uses photovoltaic solar panels on the senior citizens, students and those in Museum roof to generate around 2 per receipt of state benefit assistance. Most cent of the annual electricity required Museum admission tickets are valid for by LTM. one year to encourage return visits and increase value for money for visitors.

66 Yearbook 2014 |2015 STRUCTURE, GOVERNANCE AND MANAGEMENT 67 Trustees’ statement Trustees and advisors

Statement of responsibilities of the Trustees of London Transport Museum Limited in respect of the Trustees’ annual report and the financial statements DIRECTORS AND TRUSTEES NOMINATIONS COMMITTEE The Directors of the charitable company Sir David Bell (Chair) The Trustees are responsible for The trustees are responsible for keeping are its Trustees for the purpose of Vernon Everitt preparing the Trustees’ Annual Report adequate accounting records that are charity law and throughout this report Angela McConville and the financial statements in sufficient to show and explain the are collectively referred to as the accordance with applicable law and charitable company’s transactions and Trustees. REMUNERATION COMMITTEE regulations. disclose with reasonable accuracy at Sir David Bell (Chair) any time the financial position of the BOARD OF TRUSTEES Vernon Everitt Company law requires the Trustees to charitable company and enable them Sir David Bell (Chair) Penny Johnson prepare financial statements for each to ensure that its financial statements Linda Chandler financial year. Under that law they have comply with the Companies Act 2006. (to 13 May 2015) COMPANY SECRETARY are required to prepare the group and They have general responsibility for taking Roger Cooke Howard Carter parent company financial statements such steps as are reasonably open to Vernon Everitt* in accordance with UK Accounting them to safeguard the assets of the group Jeremy Fraser DIRECTORS OF LONDON TRANSPORT Standards and applicable law (UK and to prevent and detect fraud and other (to 2 September 2014) MUSEUM (TRADING) LIMITED Generally Accepted Accounting Practice). irregularities. Sir Peter Hendy* Roger Cooke Penny Johnson Chris Gilbert Under company law the Trustees must The Trustees are responsible for the (from 17 September 2014) Angela McConville not approve the financial statements maintenance and integrity of the Keith Ludeman (from 9 July 2014) unless they are satisfied that they give a corporate and financial information Angela McConville Sam Mullins true and fair view of the state of affairs included on the charitable company’s Terry Morgan* Randeep Sidhu of the group and charitable company and website. Legislation in the UK governing Sam Mullins Michael Walton of the group’s excess of income over the preparation and dissemination of (Managing Director) Peter Williams expenditure for that period. In preparing financial statements may differ from Phil Swallow Claire Williamson each of the group and charitable company legislation in other jurisdictions. David Worthington David Worthington (Chair) financial statements, the Trustees are (to 10 March 2015, required to: This report was approved by the Board of reappointed 11 March 2015) PRINCIPAL BANKERS Trustees and signed on 11 August 2015 HSBC .. Select suitable accounting policies and on its behalf by: * Nominee of Transport for London 8 Victoria Street then apply them consistently; London SW1H 0NJ .. Make judgements and estimates that AUDIT COMMITTEE are reasonable and prudent; Sir David Bell AUDITORS .. State whether applicable UK Roger Cooke (Chair) KPMG LLP Accounting Standards have been Keith Ludeman 1 Forest Gate followed, subject to any material Sam Mullins, Managing Director Phil Swallow Brighton Road departures disclosed and explained in London Transport Museum Limited Crawley RH11 9PT the financial statements; and Company registration number 6495761 FINANCE COMMITTEE .. Prepare the financial statements on Charity number 1123122 Sir David Bell (Chair) PRINCIPAL LEGAL ADVISORS the going concern basis unless it is Roger Cooke TfL In-House Legal Department inappropriate to presume that the Keith Ludeman 6th Floor Windsor House group and the charitable company will Angela McConville 42–50 Victoria Street continue its activities. David Worthington London SW1H 0TL

68 TRUSTEES’ STATEMENT TRUSTEES AND ADVISORS 69 Independent auditor’s report

Independent auditor’s report to the shareholder of London Transport Museum Limited

We have audited the financial statements International Standards on Auditing (UK MATTERS ON WHICH WE ARE of London Transport Museum Limited for and Ireland). Those standards require us REQUIRED TO REPORT BY EXCEPTION the year ended 31 March 2015 set out on to comply with the Auditing Practices We have nothing to report in respect pages 74 to 83. The financial reporting Board’s Ethical Standards for Auditors. of the following matters where the framework that has been applied in their Companies Act 2006 requires us to preparation is applicable law and UK SCOPE OF THE AUDIT OF report to you if, in our opinion: Accounting Standards (UK Generally THE FINANCIAL STATEMENTS Accepted Accounting Practice). A description of the scope of an audit of .. The charitable company has not kept financial statements is provided on the adequate accounting records or returns This report is made solely to the Financial Reporting Council’s website at adequate for our audit have not been charitable company’s shareholder in frc.org.uk/auditscopeukprivate received from branches not visited accordance with Chapter 3 of Part 16 by us; or of the Companies Act 2006. Our audit OPINION ON FINANCIAL .. The charitable company financial work has been undertaken so that we STATEMENTS statements are not in agreement with might state to the charitable company’s In our opinion the financial statements: the accounting records and returns; or shareholder those matters we are .. Certain disclosures of Trustees’ required to state to the shareholder in .. Give a true and fair view of the state remuneration specified by law are an auditor’s report and for no other of the group’s and the charitable not made; or purpose. To the fullest extent permitted company’s affairs as at 31 March 2015 .. We have not received all the by law, we do not accept or assume and of the group’s incoming resources information and explanations responsibility to anyone other than the and application of resources, including we require for our audit. charitable company and its shareholder its income and expenditure, for the for our audit work, for this report, or year then ended; for the opinions we have formed. .. Have been properly prepared in accordance with UK Generally RESPECTIVE RESPONSIBILITIES Accepted Accounting Practice; and OF TRUSTEES AND AUDITOR .. Have been prepared in accordance Ian Pennington (Senior Statutory Auditor) As explained more fully in the statement with the Companies Act 2006. for and on behalf of KPMG LLP, of Trustees’ responsibilities set out on Statutory Auditor page 68, the Trustees (who are also OPINION ON OTHER MATTER the directors of the charitable company PRESCRIBED BY THE COMPANIES Chartered Accountants for the purposes of company law) are ACT 2006 1 Forest Gate responsible for the preparation of In our opinion the information in the Brighton Road the financial statements and for being Strategic Report and Trustees’ Annual Crawley RH11 9PT satisfied that they give a true and Report, which constitutes the Directors’ fair view. Report, for the financial year for which 11 August 2015 the financial statements are prepared is Our responsibility is to audit, and express consistent with the financial statements. an opinion on, the financial statements in accordance with applicable law and

70 Yearbook 2014 |2015 INDEPENDENT AUDITOR’S REPORT 71 Shillibeer 1829 Horse Bus

General 6.5 million 1911 B Type Bus Total number of bus journeys made on a weekday

General 1926 NS Type Bus 19,000 Amount of bus stops in London, about 13,400 have bus shelters and General 3,500 are solar powered 1930 LT Type Bus 120 per cent Total Night Bus mileage London United increase since 1999/00 1931 Diddler Trolleybus with usage tripled

London Transport 1939 RT Type Bus

95 per cent Percentage of London Transport households in the RF Type Bus Capital within a 1951 400m walk of a bus stop

London Transport 1959 RM Type Bus 700 Total amount of routes spanning the capital, 116 operate around the clock

London Transport 1979 Metrobus 600 Number of new buses that enter the fleet each year

Various operators 2007 Alexander Dennis Enviro 400

Transport for London 2012 New Routemaster

Transport for London 40 per cent Optare Metrocity Electric Bus 2014 Amount of CO2 emissions reduced by using cleaner and quieter hybrid buses

Evolution of the London Bus Designed by Andy Spencer | Copyright TfL 2014

72 Yearbook 2014 |2015 LONDON BUSES IN NUMBERS 73 Plant and equipment 3 – 10 years and Plant 10 – 35 years refurbishments Buildings and Costs of generating funds are those costs incurred in attracting incurred in those costs and those Costs of generating funds are voluntary income, funds. trading activities that raise its educational and with the operation of the Museum Charitable expenditure associated activities include exhibitions. and collections of the Museum’s development and the management and public programmes, and primarily are and its assets and of the Museum incurred in the governance those are costs Governance statutory and with constitutional requirements. associated

Where costs relate directly to an activity they have been allocated against that activity. Support that relate costs been allocated against that activity. have activity they to an directly relate Where costs of staff categories on the basis to activity cost been allocated numbers in each one activity have to more than Note 5b). of activity (see area f) Operating leases to the Statement charged are Activities on a straight line basis Costs relating to operating leases of Financial the lease. of the life over assets fixed g) Tangible are capitalisedcost. £10,000 at over assets Individual fixed follows: as lives useful their estimated over basis on a straight line are depreciated assets fixed Tangible the remaining depreciated over are Garden at Covent to the fabric of the Museum Structural improvements is capitalised that future Other building work where it is considered the building (29 years). for of the lease life work. as a result of that standardwill flow of performance assessed of the originally benefits in excess economic h) Stock or net realisable value. of cost at the lower Stock is valued d) Volunteers Further statements. financial into these details is not incorporated volunteers by provided of services The value Report. Annual in the body of the Trustees’ be found can volunteers made by of the contribution expended e) Resources VAT. irrecoverable included in the Statement of any are Activities inclusive of Financial All outgoing resources categories: principal following under the is classified when a liability is incurred and Expenditure is recognised . . .

Accounting Policies Accounting The donor specifies that the grant or donation must only be used in future accounting periods; or in future accounting be used or donation must only The donor specifies that the grant entitlement. has unconditional the Museum which must be met before conditions The donor has imposed

1.

Income from corporate supporter memberships, commercial trading and sponsorship activities where benefits supporter sponsorship trading and from corporate Income commercial memberships, provided. are services related goods and as the is recognised the Museum by delivered are basis. on a receivable is recognised income Investment funding entitlement to grant or where under contract from charitable received Income income activities includes are provided. services as the related goods or conditions which is recognised is subject to specific performance and the goods the benefit is quantifiable where use, the Museum’s donated for services Goods, facilities and statements, in the financial as both recognised are had to be purchased, have otherwise would services and are in the period in which they to the charity estimate of their value expenditure, at a reasonable and income donated. . . a) Basis of preparation with the and in accordance convention cost under the historic been prepared statementsThe financial have as the 2005) as well (SORP Charities’ Reporting by and ‘Accounting Practice: Statement of Recommended policies adopted in accounting Act 2006. The principal Standards the Companies and applicable UK Accounting expectation a reasonable that Trustees have The statements of the financial set out below. are the preparation future. the foreseeable for in operational existence to continue has adequate resources the charitable company report the annual accounts. and in preparing basis going concern to adopt the continue the Trustees Accordingly, financial statements b) Group owned subsidiary and its wholly charity statements of the Museum the results financial consolidate These statement of financial Neither a separate line basis. by Limited on a line (Trading) Museum Transport London the exemptions following itself Museum the for presented are expenditure account and income activities nor an 397 of the SORP. paragraph Act 2006 and 408 of the Companies afforded section by c) Incoming resources included in the Statement are has entitlement, Activities when the Museum of Financial resources Incoming Voluntary includes income certainty be measured with sufficient reliability. can the amount and of receipt upon recognised are of a general nature. These funding or are donations, gifts, core that provide grants and when: be deferred only would Such income receipt. Notes to statements the financial

75 74 Financial Statements Consolidated statement of financial activities Balance sheets Including income and expenditure account - Year ended 31 March 2015 As at 31 March 2015

Note Unrestricted Restricted Total Total Note 2015 2014 2015 2014 Funds Funds Funds Funds Group Group Museum Museum 2015 2015 2015 2014 £000 £000 £000 £000 INCOMING RESOURCES £000 £000 £000 £000 Tangible Fixed Assets 10 25,097 25,911 25,097 25,911 Incoming resources from generated funds Current Assets Voluntary income Stock 765 843 - - Core grants 5,544 - 5,544 5,613 Debtors 11 1,071 724 1,941 1,948 Other donations 522 - 522 259 Cash 12 7,333 5,611 6,372 4,456 2 6,066 - 6,066 5,872 9,169 7,178 8,313 6,404 Activities for generating funds 3 4,453 - 4,453 4,864 Creditors Investment income (bank interest) 9 3 12 11 Falling due within one year 13a (2,391) (2,387) (1,535) (1,673) Incoming resources from charitable activities Net Current Assets 6,778 4,791 6,778 4,731 Education and engagement 1,651 203 1,854 1,846 Access and Museum operations 2,138 355 2,493 2,327 Total assets less current liabilities 31,875 30,702 31,875 30,642 Heritage and collections 25 192 217 572 Creditors 4 3,814 750 4,564 4,745 Falling due after more than one year 13b - (60) - - Total incoming resources 14,342 753 15,095 15,492 Provisions for liabilities 14 - - - -

RESOURCES EXPENDED Net Assets 31,875 30,642 31,875 30,642 Costs of generating funds Costs of generating voluntary income and other funds 823 - 823 791 Represented by Commercial trading operations 3,015 - 3,015 3,176 Restricted funds 15a 868 847 868 847 5 3,838 - 3,838 3,967 Called up share capital 17 - - - - Charitable activities Unrestricted Funds Education and engagement 4,257 254 4,511 4,265 Designated funds Access and Museum operations 3,382 48 3,430 4,133 Capital fund 25,097 25,911 25,097 25,911 Heritage and collections 1,651 357 2,008 2,010 Future exhibitions and education 500 500 500 500 5 9,290 659 9,949 10,408 Museum development 2,000 2,000 2,000 2,000 Governance costs 5,6 75 - 75 55 Museum 2020 2,000 - 2,000 - Total resources expended 5 13,203 659 13,862 14,430 General unrestricted fund 1,410 1,384 1,410 1,384 Net incoming/(outgoing) resources before transfers 1,139 94 1,233 1,062 15a 31,007 29,795 31,007 29,795 Gross transfers between funds 73 (73) - - Total 31,875 30,642 31,875 30,642 Net movement of funds in year 1,212 21 1,233 1,062 Reconciliation of funds These financial statements were approved by the Trustees on 11 August 2015 and signed on their behalf by: Total funds brought forward 29,795 847 30,642 29,580 Total funds carried forward 31,007 868 31,875 30,642

The statement of financial activities includes all gains and losses recognised in the year. Sam Mullins, Managing Director, London Transport Museum, Company registration number 6495761 All incoming resources and resources expended derive from continuing activities. The notes on pages 75 to 83 form part of these accounts. 76 Notes to the financial statements (continued)

i) Heritage assets n) Cash flow Heritage assets are those assets of historical, artistic or scientific importance that are held to advance the The Museum has taken advantage of the exemption from preparing a cash flow statement under the preservation, conservation and educational objects of the Museum. The Museum collections consist of over terms of FRS1 ‘Cash Flow Statements’ (revised 1996) as the Museum’s results are included in the 475,000 items and are on loan from TfL. Assets on loan are not capitalised within these financial statements audited consolidated financial statements of Transport Trading Limited for the year ended 31 March although expenditure relating to their use and maintenance is included in the Statement of Financial Activities 2015 (intermediate parent entity and the smallest group to consolidate these financial statements).

j) Funds structure Restricted funds are funds to be used for particular purposes laid down by the donors or which have been raised 2. Voluntary Income for a specific purpose. 2015 2015 2015 2014 Unrestricted Restricted Total Total Unrestricted funds are funds available for use at the discretion of the Trustees in furtherance of the Museum’s £000 £000 £000 £000 charitable objectives. Core grants from TfL 5,544 - 5,544 5,613 Donated services Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. Seconded staff - - - 26 TfL central services 271 - 271 - The purposes and uses of the funds held in each of these categories are given in Note 15. Donations Donations, grants and Gift Aid 251 - 251 233 k) Pensions The Museum participates in a pension scheme operated by TfL providing benefits based on final pensionable Total 6,066 - 6,066 5,872 pay. The assets of the scheme are held separately from those of the Museum. The charity is unable to identify its share of the underlying assets and liabilities of the scheme on a consistent and reasonable basis and therefore, as permitted by the multi-employer exemption in FRS 17 ‘Retirement Benefits’, it is accounted for 3. Activities for generating funds as if it were a defined contribution scheme. As a result, the amount charged to the Statement of Financial Activities represents the contributions payable to the scheme in respect of the accounting period. The 2015 2015 2015 2014 Unrestricted Restricted Total Total disclosures required under FRS 17 are given in Note 18. £000 £000 £000 £000 Retail sales 2,390 - 2,390 2,642 l) Related party transactions Other trading activities Except in so far as disclosed in Note 19, the Museum has taken advantage of the exemption set out in FRS 8 Corporate hire 519 - 519 510 not to disclose any transactions with other TfL Group undertakings. Catering income 38 - 38 25 m) Taxation Commercial sponsorships 637 - 637 689 The Museum is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore Other activities to generate funds it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is Fundraising events and sponsorships 792 - 792 766 potentially exempt from taxation in respect of income or capital gains received within categories covered by Other miscellaneous income 77 - 77 232 Chapter 3 of Part 11 Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to Total 4,453 - 4,453 4,864 the extent that such income or gains are applied exclusively to charitable purposes. Notes to the financial statements (continued)

4. Incoming resources from charitable activities 5. Resources expended (a) Analysis by source of incoming resources (a) Direct and apportioned costs 2015 2015 2015 2014 2015 2015 2015 2014 Group and Museum Unrestricted Restricted Total Total Direct Apportioned Total Total £000 £000 £000 £000 costs support Museum admissions 1,822 - 1,822 2,108 costs £000 £000 £000 £000 Safety and Citizenship income 1,140 - 1,140 1,097 Cost of goods sold 1,072 - 1,072 1,175 Arts Council funding - 392 392 516 Other trading subsidiary costs 1,943 - 1,943 2,001 Heritage vehicle events and station tours 307 - 307 146 Costs of other activities to generate funds 313 510 823 791 Battle Bus project - 191 191 306 Costs of generating funds 3,328 510 3,838 3,967 Grants for youth engagement activity 348 - 348 232 Education and engagement 2,300 2,211 4,511 4,265 Grants for skills and employability activities 69 20 89 46 Access and museum operations 1,446 1,984 3,430 4,133 Grants for exhibitions - - - 11 Heritage and collections 1,044 964 2,008 2,010 Luke Rees-Pulley Charitable Trust grants - 25 25 25 Charitable activities 4,790 5,159 9,949 10,408 Other miscellaneous charitable income 128 122 250 258 Total 3,814 750 4,564 4,745 Governance 75 - 75 55

Total 8,193 5,669 13,862 14,430

(b) Analysis by type of charitable activity The costs of other activities to generate funds include the costs of generating voluntary income and core funding. 2015 2015 2015 2015 2014 Education Access and Heritage Total Total and Museum and Group and Museum engagement operations collections £000 £000 £000 £000 £000 (b) Shared support cost allocation Museum admissions - 1,822 - 1,822 2,108 2015 2015 2015 2015 2015 Education Access and Heritage Activities to Total Safety and Citizenship income 1,140 - - 1,140 1,097 and Museum and generate Arts Council funding 117 275 - 392 516 engagement operations collections funds £000 £000 £000 £000 £000 Heritage vehicle events and station tours - 307 - 307 146 Premises and facilities 1,586 1,424 691 366 4,067 Battle Bus project 41 - 150 191 306 Finance and management 273 245 119 63 700 Grants for youth engagement activity 348 - - 348 232 Marketing 117 105 51 27 300 Grants for skills and employability activities 89 - - 89 46 Systems 114 102 50 26 292 Grants for exhibitions - - - - 11 Design and presentation 80 71 35 18 204 Luke Rees-Pulley Charitable Trust grants 25 - - 25 25 Other activities 41 37 18 10 106 Other miscellaneous charitable income 94 89 67 250 258 Total cost 2015 2,211 1,984 964 510 5,669 Total 1,854 2,493 217 4,564 4,745 Total cost 2014 2,319 2,319 1,037 427 6,102 77 78 Notes to the financial statements (continued)

6. Governance costs LTMTL BALANCE SHEET 2015 2014 2015 2014 2015 2014 Group Group Museum Museum £000 £000 £000 £000 £000 £000 Current assets External audit 32 38 28 30 Stock 765 843 Consultancy 16 6 16 6 Debtors 368 210 Other 27 11 18 11 Cash 961 1,155 Total 75 55 62 47 2,094 2,208 Creditors Falling due within one year (including Gift Aid to LTM) - (2,148) 7. Trading subsidiary Net current assets - 60

Creditors The Museum has a single subsidiary company, London Transport Museum (Trading) Limited (LTMTL), Falling due after one year (60) having an issued share capital of £1, wholly owned by London Transport Museum Limited. - Net assets - - LTMTL undertakes retail operations, venue hire, commercial sponsorships and the Museum corporate membership scheme. Share capital and reserves Share capital - - LTMTL PROFIT AND LOSS ACCOUNT Profit and loss reserve - - 2015 2014 Total equity shareholder's funds - - £000 £000 Turnover 4,131 4,332 Cost of operations (3,028) (3,093) 8. Staff costs and staff numbers Operating profit 1,103 1,239 Gift Aid payable to London Transport Museum - (1,239) (a) Total remuneration 2015 2014 Profit/(loss) before taxation 1,103 - Group and Museum £000 £000 Taxation - - Wages and salaries 3,571 3,574 Result for the year 1,103 - Social security costs 298 290 Distribution of Gift Aid to London Transport Museum (1,103) - Pension costs 826 758 Results retained in the Company - - Total 4,695 4,622

Revised guidance on donations of profit from a trading company to its parent charity means that Gift Aid The cost of staff seconded to the Museum from TfL in 2015 was minimal and therefore the wages and salaries payments are now treated as distributions to the company’s shareholder. figure includes no costs relating to this (2014: £26,000).

The Managing Director is the only paid director and received emoluments from the Museum, including salary, fees, benefits in kind and other emoluments totalling £95,324 (2014: £94,977). In addition, the Museum made contributions totalling £25,445 (2014: £25,478) to the TfL Pension Fund, a defined benefit scheme, on behalf of the Managing Director for the year. Notes to the financial statements (continued)

The number of employees whose emoluments amounted to over £60,000 in the year is given below. 9. Net Income This is stated after charging: Group Group 2015 2014 2015 2014 £000 £000 Depreciation 1,488 1,259 No. No. Auditor's remuneration £60,000 - £70,000 3 3 Audit - company 28 24 £70,001 - £80,000 2 2 Audit - subsidiary company 4 6 £80,001 - £90,000 - - Audit - 2012/13 over-run fees - 8 £90,001 - £100,000 1 1 Operating lease rentals - Buildings 978 978 Operating lease rentals - Office equipment 27 38 Contributions to the defined benefit pension scheme were made in respect of the six higher paid employees and amounted to £120,863 (2014: £119,139).

(b) Other than the Managing Director, none of the Trustees received any remuneration for their services. 10. Tangible fixed assets No reimbursements of Trustees’ expenses were made in the year (2014: Nil). Property and Plant and Total buildings equipment (c) The average number of persons (full-time equivalents) employed during the year was: £000 £000 £000 Group and Museum Group Group Cost 2015 2014 At 1 April 2014 32,575 986 33,561 FTE FTE Additions 681 111 792 Education and engagement 24.3 21.3 Write back of expenditure (118) - (118) Access and museum operations 21.6 21.7 At 31 March 2015 33,138 1,097 34,235 Heritage and collections 10.0 9.5 Activities to generate funds 15.9 18.3 Accumulated depreciation Support functions At 1 April 2014 (7,065) (585) (7,650) Premises and facilities 3.5 6.5 Charge for the year (1,391) (97) (1,488) Finance and management 8.0 8.7 At 31 March 2015 (8,456) (682) (9,138) Marketing 3.5 1.0 Systems 2.5 2.0 Net book value at 31 March 2015 24,682 415 25,097 Design and presentation 1.0 1.5 Total 90.3 90.5 Plus seconded staff 0.1 0.6

(d) As at 31 March, Museum staff had earned entitlement to annual leave not yet taken equivalent to an estimated total value of £98,000 (2014: 97,000). Under SORP 2005 the Museum is not required to recognise this liability and accordingly it is not included in the Statement of Financial Activities. 79 80 Notes to the financial statements (continued)

11. Debtors 13. Creditors 2015 2014 2015 2014 (a) Creditors: amounts falling due within one year Group Group Museum Museum £000 £000 £000 £000 2015 2014 2015 2014 Group Group Museum Museum Trade debtors 338 182 - 3 £000 £000 £000 £000 Sundry debtors - 1 - 1 Trade creditors 402 414 366 241 TfL Group debtors 1 1 - - TfL Group creditors 83 - - - Prepayments and accrued income 701 540 672 510 Taxation - 9 - - Taxation 31 - 83 30 Accruals and deferred income 1,906 1,964 1,169 1,432 Amounts owed by subsidiary undertakings - - 1,186 1,404 Total 2,391 2,387 1,535 1,673 Total 1,071 724 1,941 1,948

13. Creditors 12. Cash (b) Creditors: amounts falling due after more than one year 2015 2014 2015 2014 2015 2014 2015 2014 Group Group Museum Museum Group Group Museum Museum £000 £000 £000 £000 £000 £000 £000 £000 Held in current accounts and in hand 4,432 2,711 3,908 1,993 Accruals - 60 - - Held in short-term deposit accounts 2,901 2,900 2,464 2,463 Total - 60 - - Total 7,333 5,611 6,372 4,456

The majority of the cash balance is held to meet future expenditure relating to the Museum’s restricted and 14. Provisions designated reserves (with the exception of the Capital Fund which is represented by the value of the Museum’s 2015 2014 2015 2014 fixed assets). Group Group Museum Museum £000 £000 £000 £000 Costs of restructuring Brought forward - 171 - 171 Charge for year - - - - Utilised - (171) - (171) Carried forward - - - - Notes to the financial statements (continued)

15. Statement of group funds The Trustees have designated £2m in the Museum 2020 Fund this year to build up a reserve in advance of the (a) The movements on funds are as follows: next major iteration of the Museum, expected in five years time. Group and Museum 1 April Income Expenditure Transfers 31 March 2014 2015 There were no calls this year on the Museum Development Fund or Future Exhibitions and Education Fund. £000 £000 £000 £000 £000 Unrestricted Funds Restricted funds Designated Funds The Luke Rees-Pulley Charitable Trust supports a number of Museum initiatives including family resource packs, Capital Fund 25,911 343 (1,488) 331 25,097 play activities for children, a learning officer and an apprentice. Future exhibitions and education 500 - - - 500 Museum development 2,000 - - - 2,000 Museum 2020 - - - 2,000 2,000 The Collections Development Fund was established in 2012/13 following the auction of 400 surplus posters. Total Designated Funds 28,411 343 (1,488) 2,331 29,597 The Fund can only be used for acquisitions and conservation. The costs of restoration activity on Waterloo and City Line car number 61 have been charged to the fund this year. General funds 1,384 13,999 (11,715) (2,258) 1,410 The Tube 150 Legacy Fund was established in 2011/12 to support the restoration of the Met No.1 steam Total Unrestricted Funds 29,795 14,342 (13,203) 73 31,007 locomotive. The fund had a negative fund balance at the start of the year and there have been additional costs associated with the vehicle during the year. Although the future operation of the locomotive is expected to Restricted Funds generate income, rather than continue to show a fund in deficit, the Trustees consider it prudent to close the Luke Rees-Pulley Charitable Trust 64 25 (40) - 49 fund and manage the operation of the locomotive via general funds in future. A transfer of £0.2m has been Met 353 Carriage 44 - (5) - 39 made accordingly. Tube 150 Legacy (133) - (113) 246 - Arts Council England - 392 (153) (239) - Capital expenditure to improve public accessibility at the Museum Depot and to create the new family gallery Battle Bus 65 191 (239) - 17 at Covent Garden was partly funded by transfers from two restricted funds: Arts Council England (£0.2m) and Collections Development 806 3 (22) - 787 Wolfson (£0.08m). The restrictions were discharged when the assets were commissioned. Wolfson (All Aboard) - 80 - (80) - HLF Johnston Journeys - 42 (28) - 14 Under a sponsorship agreement with Seimens, funds will be received in 2015/16 that will offset the deficit on Inspire Engineering - 20 (59) - (39) the Inspire Engineering fund. Others 1 - - - 1 Total Restricted Funds 847 753 (659) (73) 868 15. Statement of group funds Total Funds 30,642 15,095 (13,862) - 31,875 (b) Analysis of group net assets between funds Unrestricted Restricted Total funds funds £000 £000 £000 Designated funds Fund balances as at 31 March 2015 represented by The Capital Fund represents the net book value of the Museum’s tangible fixed assets. Fixed assets 25,097 - 25,097 Current assets 8,146 1,023 9,169 Improvements to the Museum’s premises and facilities totalling £0.67m were met by capital grants from TfL Current liabilities (2,236) (155) (2,391) (£0.34m) and transfers from other funds (£0.33m). Total net assets 31,007 868 31,875 Total net assets at 31 March 2014 29,795 847 30,642 81 82 Notes to the financial statements (continued)

16. Operating leases Accounting At 31 March 2015 the Museum has annual commitments as follows: The Museum’s ultimate parent, Transport for London, and the Museum’s fellow subsidiaries participate Expiry date 2015 2014 2015 2014 in the Public Sector Section of the TfL Pension Fund. Because the Museum is unable to identify its Land and Land and share of the underlying assets and liabilities on a consistent and reasonable basis, as permitted by Buildings Buildings Other Other £000 £000 £000 £000 FRS 17 ‘Retirement Benefits’, the Museum treats contributions to the Public Sector Section as if they were contributions to a defined contribution plan. The Museum’s contributions to the Fund of £804,000 Between 2 and 5 Years - - 27 38 (2014: £797,000) have been charged to the income and expenditure account. Over 5 Years 978 978 - - Other pension schemes One member of staff joined the Museum from a group company and pension contributions of £16,000 have been made to the London Pensions Fund Authority. Four members of staff make AVCs to Standard 17. Called up share capital Life. The employer contribution to this scheme is £6,000. 2015 2014 £ £ Authorised 1 ordinary share of £1 1 1 Alloted, issued and fully paid up 1 ordinary share of £1 1 1

18. Pensions

Background The Museum offers retirement plans to its employees. The majority of the Museum’s staff are members of the Public Sector Section of the TfL Pension Fund, which is a final salary scheme established under trust. Benefits are based on employees’ length of service and final pensionable pay. The Fund’s Trustee is the TfL Trustee Company Limited, a wholly owned subsidiary of Transport for London. Under the rules of the Fund, its 18 trustee directors are nominated in equal numbers by Transport for London and on behalf of the Fund’s membership.

Every three years, the TfL Pension Fund’s Actuary makes valuations and recommends the level of contributions to be made by the participating employers to ensure long-term solvency of the Fund. The latest formal funding valuation of the Fund was carried out as at 31 March 2012 by the Actuary, a partner of consulting actuaries Towers Watson, using the projected unit method, and reported a funding deficit for the Public Sector Section of £699 million.

A revised Schedule of Contributions was agreed between the Trustee and the employers following the 2012 valuation of the TfL Pension Fund. For the Public Sector Section, employers’ contributions for the period from 1 April 2012 until 31 May 2021 will continue to be 31.0%, with additional lump sum payments due in 2018 and 2019. Notes to the financial statements (continued)

19. Related and connected party transactions

Transport for London Other related party transactions London Transport Museum Limited is a charitable subsidiary company of Transport Trading Limited (TTL), a Other material related party transactions in the year 2015 2015 2014 2014 Transport for London Group company. TfL provides financial assistance to the Museum in the form of a core Income Expenditure Income Expenditure grant for Museum operations and, in addition, certain divisions of TfL provide financial support to the Safety and £000 £000 £000 £000 Citizenship Programme and other Museum operations as agreed on a project by project basis. (a) London Transport Museum Friends - - 184 13 (b) Museums Association - 2 - 4 The Museum receives benefit from the activities of TfL Group functions such as Finance, Human Resources, Internal Audit and Payroll. Where management fees are levied upon the Museum by TfL and TTL for services provided these are applied at the same rates as for all other TfL Group companies. Where services are donated by TfL which are reasonably quantifiable and measurable, these are included (a) Former LTM Trustee Ian Arthurton was Chairman of the London Transport Museum Friends (LTMF) for part in the Statement of Financial Activities at their estimated gross value and an equivalent amount is included as of 2013/14. Since Ian Arthurton stood down as an LTM Trustee, LTMF are no longer considered a related party. income under the appropriate heading. (b) Sam Mullins is on the board of the Museums Association. As at 31 March 2015 there were no amounts outstanding in respect of transactions with the Museums Association. TfL Group companies receive discounts on the hire of Museum facilities. All TfL staff receive free entry to the Museum and discounts in the Museum shop. 20. Legal status and ultimate holding company Under FRS 8 ‘Related Party Disclosures’ the Museum is exempt from disclosing transactions with other TfL Group undertakings but a summary of transactions with TfL is given below. LTM is a company limited by shares and a wholly owned subsidiary company of Transport Trading Limited (TTL), incorporated in the UK. TTL is the holding company for all the operating companies controlled by Transport Related party transactions with TfL 2015 2015 2014 2014 for London. The ultimate parent company for the Group is Transport for London, a statutory Corporation Income Expenditure Income Expenditure established by the Act 1999. £000 £000 £000 £000

Core grant and capital grant 5,544 - 5,613 - Copies of the consolidated accounts of TfL are available from Windsor House, 42-50 Victoria Street, London, Other income 1,613 - 1,495 - SW1H 0TL. Group services supplied - 152 - 348 LTM’s Memorandum of Association states ‘the property and funds of the Charity must be used only for Group services donated 271 271 - - promoting the Objects and no dividends shall be paid to the Member’.

In addition to the above transactions TfL undertakes some maintenance work on LTM’s operational heritage vehicles and provides the Acton Depot site free of charge to the Museum. The Depot is occasionally used by London Underground for road/rail access and vehicle shunting. No financial entries are made in respect of any of these arrangements. 83 London Transport Museum vehicles in the Regent Street Cavalcade

RM2, 1957-1957

B 2737, 1914-1922 NS 1995, 1926-1937

LT 1076, 1931-1950

DMS1, 1971-1982

LT 165, 1930-1949

K424, 1920-1932

FRM1, 1966-1983

VA 115, 1988-2005 RCL 2229, 1965-1984

Design by LTM Design Compiled by Chris Gilbert MBA 582, 1969-1981 Q1 trolleybus 1768, 1948-1962 All images © London Transport Museum and Transport for London, except where noted

London Transport Museum Yearbook 2014 | 2015 Year of the Bus supported by Year Supported by