Charfty registration number 1007487
Company registration number 02483763 (England and Wales)
GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
LEGALAND ADMINISTRATIVE INFORMATION
Directors
Councillor Philip Burke
Alison Chew
Councillor Tracey Rawlins
Joshua Charters
Jamie Finnegan
(Appointed 20 August 2025)
{Appointed 11 February
2025}
(Appointed 25 July 2025)
(Appointed 25 July 2025)
Jacqueline Owen
Aidan Williams
Secretary
Jacqueline Woodward
Charlty number
1007487
Company number
02483763
Members
Greater Manchester Combined Authority ("GMCA")
Registered office
20th Floor
Manchester One
53 Portland Street
Manchester
United Kingdom
M13LD
Auditor
Azets
Ship Canal House
98 King Street
Manchester
M2 4WU

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
CONTENTS
Page
Chairfs message
Dir8Ctors' report
ststement of d1￿Ctors, responsibilities
9-10
Independenl auditorfs report
Statemenl of financial activities
14-15
Balance sheet
16
Statement of cash flows
17
Notes to the financlal statements
18-28

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
CHAIR'S MESSAGE
FOR THE YEAR ENDED 31 MARCH 2025
Demand for the Ring and Ride Service has remained consistent. During Ihe last year with over 213,000 essential
joumeys completed. ensuring that passengers had access to a range of facilities and activities including fresh food
shopping, health, education. leisurelsocial interaction and to places of worship.
The number of active registered passengers increased to over 13,O¢JO by the end of the year.
The Service has continued to provide door to door transport between 8am and 11 pm every day acros5 all ten districts of
Greater Manchester.
Hire vehicles have been utilised to mainlain a fleet of 46 fully accessible vehicles. with 9Yo of joumeys involving a wheelchair or
scooter.
The Charity has continued lo work in partnership with organisalions providing additional support to passengers, and
maintained contact with passengers and group organisers by attending events and meelings both in person and
online.
The Charity was inducted as a full member of the Greater Manchester Good Employment Charter in March 2025. after
introducing a range of initiatives lo support our employees.
T Rawlins
Chair
Dale.. 17112125

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The
directors present Iheir annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance wilh the accounting policies sel out in note 1 to
Ihe financial statements and comply with the charity's principal trust deed dated 1 February 1991, the
Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102)" {effeclive 1 January 2019}.
Objectives and activities
GMATL is a charitable company limited by guarantee, formed Io co-ordinate and manage Ring and Ride
services in the Transport for Greater Manchester Committee ("TfGMC"J area of operation in order lo provide
accessible transport for the needs of Greater Manchester.
The Charity Directors have complied with the duty in section 17 of the Charities Act 2011 to have due regard lo
public benefit evidenced in this section of the report.
The Charity's purposes as set out in the objects contained in the Charity's memorandum of association are..
To run a community Iransport service for the benefit of Ihe inhabitants of Greater Manchester and in
parlicular the relied of poverty, sickness, old age. and distress through the provision of such a
transport Service., and
The promotion of general charitable purposes in Greater Manchester.
The objectives of the Charity are..
To provide door to door, and such other transport and associated support setvices as are appropriate for people
who are unable to use conventional public transport",
To provide its services al such qualitalive and quantitative levels as are agreed under a Service Level
Agreement with Transport for Greater Manchester to all areas of Greater Manchester.,
To deliver its sesvices in the most cost effective manner consistenl wrth the quality and quantity of service
agreed.,
To continue to seek means of improving its services in quality, quantity, and value for money terms,.
To conduct ils activities in accordance with the policies of the Transport for Greater Manchester Committee-
To conduct rts services in accordance with its charitable status., and
To liaise and co-operate with other transport providers. to achieve value for money and deliver as integrated a
Iransport service as is possible to Ihe public.
How we work
The Charity delivers ils charitable aims through the direct delivery of an accessible transport service. operating within
Greater Manchester.
Who used and benefitted from our Services?
Our assets and funding limii ihe services we provide lo those resident in Greater Manchesler. The services
provided utilise a fleet of minibuses lo provide door-to-door transport across the wnurbation. Passengers
register with the Ring and Ride service, indicating why they have difficulties using ordinary public transport.
All registered passengers are required to hold a Transport for Greater Manchester (TfGM) concessionary
travel permit or lo be members of the TfGM Travel Voucher Scheme. Demand for the Service has increased
slighlly, with over 300,000 journeys requested during the year.
Ring and Ride Se￿1￿$ Provide trips up to a maximum of six miles from a passengerfs home. A policy is in
place which allows trips beyond six miles in exceptional circumstances, such as trips to local district hospitals.
The service also makes every effort to link with longer distance travel modes at travel interchanges providing
access to rail, Metrolink and low-floor bus Se￿ice$.
The directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity
should undertake.

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Achievement and Performance
Achievements
Over the year, the charity has successfully met its core objeclives. delivering essential transport services that
improve independence, social inclusion. and quality of life for vulnerable residents across Greater
Manchester. Despile operalional challenges such as ageing fleet resulting in high repair cosls and difficulty
with recruitment, the charity continued to provide a high-quality, value-for-money seNice consistent with its
mission and the expectations of TfGM, its beneficiaries. and its Directors.
Overall Performance
Demand for Ihe Service increased with 300,083 journeys requested. Refused requests increased to over 12.10
and cancellations rates remained consislent al 20 /0 of bookings. As a result the actual number of journeys
completed1213,279) was slightly less than in the previous year. The number of completed journeys involving
wheelchair users averaged almost 90/0 of completed journeys overall, but varied by district.
Individual District Perfom)ance
The following table oullines the individual Ring and Ride performance by district..
Registered Depot Registered
users
costs
user
Journeys
Total
Net
cost Wheelchair Wheelchair
passenger per journey journeys
user
journeys
Journeys
OOO'S
No
£'OOOs
OOO'S
Bolton
Bury
1,436
943
395
382
22
14
23
14
13
21
1.367
855
6.67
6.62
Rochdale
827
213
11
11
14
1,923
19.10
Salford
1.061
361
22
22
12
1.712
8.83
Wigan
1.563
503
14
15
27
619
4.83
Manchester
2.094
691
31
32
16
3,623
12.92
Oldham
1,294
498
26
26
14
1,886
Stockport
1.165
374
17
18
17
1,811
12.08
Tameside
1.238
482
22
22
16
1,109
5.52
Trafford
1,500
701
29
30
18
2.185
8.32
Ring and Ride Total
13,121
4,600
208
213
168
17.090
93.00

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
DIRECTORS. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Just over 13.000 passengers were regislered lo use the Ring and Ride seryice at 31 st March 2025 of which
34 % had used the seNice during the financial year. The majority of Ring and Ride requests were met with 87.60% of
requests booked and 12.409/0 refused.
Overall patronage was reduced by 52,638 {20.02 % ) when passengers cancelled joumeys after they had booked.
Human Resources
AII HR Policies and Procedures are revised annually, to ensure ihat the Charity meets all legal, statutory and
conlraclual obligations.
Full membership of the Greater Manchesler Good Employmenl Charter was confimied in March 2025.
The employee establishment at 31 March 2025 was 98 (80 full time, 18 part time}.
Annual pay negotiations take place wilh Unite the Union for all employees up to and including managers.
Head Office staff and Senior Management have personal salaries which are subject to an annual review aligned with
the pay negotiations conducted with Unite the Union.
The outcome of the pay negotiations is reported to the GMATL Board at the first meeling following the settlement.
Vehicles
The Charity. with the support and assistance of TFGM. currently operates a fleet of 46 vehicles, 19 of which are
on hire.
The hire vehicles are subject to the same rigorous maintenance regime, are fully accessible and fitted wilh radios
before being put into seNiCe.
All vehicles are as accessible as possible and have additional safely features incorporated into the design including
rear lifts and wheelchair and passenger restraint systems.
Mobile Data Terminals {MDTs) are now in use on all vehicles. These provide drivers with their daily manifest, and include
satellite navigation assistance.

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Financlal review
Income and Expenditure
During the financial year ending 31 March 2025. the charity generated a total income of £4,042.000, compared with
£4,003,000 in the previous year.
The Expenditure for the same period amounted to £4.754,000, up from £4.546,000 in 2024. This increase of
£208.000 in expenditure was primarily attributed to higher wage costs, the impact of National Insurance rises,
and increased insurance expenses.
Financial Result
The charity reported an overall deficit of £712,000 for the year. This deficil was managed by drawing down on
the organisalion's reseNes.
Year-End Fund Position
The Statement of Financial Activities, prepared per charity accounting standards (FRS 102), separates Ihe
Charity's funds into "unrestrided general. and "unrestricted designated., Unrestricted General funds support
daily operations, while unrestricted designated funds cover premises, computer and vehicle deprecialion.
At the close of the financial year, the charity held totsl funds amounting to £1,707,000. To ensure the reserves
more accuralely reflect the current funding streams, a reclassification was made from designated reserves to
general reserves. The closing balance for unrestricted general reseprfes totalled £1,411,000, while
unrestricted designated reserves stood at £296,000.
Reserves Policy
The Charity is committed to regularly reviewing its ￿serveS policy, particular￿ in light of ongoing funding
pressures. In managing both restricled and unreslricted funds, the Charity undertakes a Ihorough assessment
of current assets and projected income. This process ensures that the funds available remain adequate and
accessible, enabling the Charity to meet its obligations and advance ils objectives effectively.
The Charity has a specific policy regarding unrestricted funds Ihal have not been designated for a particular
purpose. These fvnds should be maintained at a level equivalent to between three and six months of
expenditure. The directors believe that maintaining reserves at this level provides a safeguard in the evenl of
a significant reduclion in funding. This approach ensures Ihe Charity can continue its existing activities while
exploring ways to generate additional income.
The Charity had no investments other than cash held on deposit wilh the Charity's bankers= the Cooperative Bank plc
and HSBC bank.
The Directors have reviewed the major risks facing the charity and are satisfied that effective systems are in
place to manage and mitigate these risks. Key risks include income uncertainly and inflationary pressures,
securing funding for vehicle replacement, maintaining the licence to operate. and challenges linked to an
ageing workforce and recruitmenl.
Mitlgation measures include quarterly financial and risk reviews, annual budget meetings with TIGM. active
vehide lease procurement, internal and external compliance audits, and strengthened recruitment, induction,
and training processes.
Risk management processes are reviewed quarterly wilh the Strategic Risk regisler being approved by the Board
annually.

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Plans for future periods
Service quality
The Charity will improve where possible the quality aspects of the seprfice by carrying out the following:
. Working with TfGM to devise a vehicle replacement strategy.
. Updating Service Users on any future changes to the Service.
Liaising with the TfGM contact centre to improve scheduling efficiencies.
Reviewing time allocation and road speeds used in scheduling.
Vehicle Fleet
Vehicle design features will continue to be reviewed as new vehicles are introduced to the fleet to ensure that
the vehicles provide the most suitable, safe and efficienl mode of transport for Ring and Ride passengers.
This will include a review of the use of internal and external tail lifts and vehicles with ramps.
A number of older vehides in the owned fleet will be replaced by hire vehicles from 2025 onwards. and a procurement
exercise will be undertaken to provide best value.
Premises
The Charity Head Office 15 based in central Manchester and service operations across Greater Manchester is
provided from four depots.
The depot locations are reviewed before the leases expire to ensure that premises are situated in the most
cosl effective and efficient locations. Consideration is given to sharing premises with local authorities to
reduce costs and produ￿ a revenue stream to the local authority.
Best Value
The Charity will continue lo review all conlracls and purchase agreements to ensure Ihal Best Value is obtained.
Service provision
The resoUr￿S utilised will continue to be reviewed in response to increasing passenger demand and to provide a
safe, efficient and cost effective service.
Stw¢ture, governance and management
The sole member is Greater Manchester Combined Authority ("GMCA").
Directors carry out dual roles., as a Councillor for a local aulhorily or as a senior Transport for Greater
Manchester employee. and as a Director of the Charity. It is considered that they receive adequate training
to cary out their role as a Director.
The directors who served during the year and up to the date of signature of the
financial statements were=
Councillor Philip Burke
Alison Chew
Daniel Costello
David Daughney
Councillor Sean Fielding
Councillor David Meller
Councillor Tracey Rawlins
Joshua Charters
Jamie Finnegan
Jacqueline Owen
Aidan Williams
{Resigned 11 February 2025)
(Resigned 31 December 2024)
(Resigned 25 July 2025)
(Resigned 25 July 2025)
(Appointed 20 August 2025)
(Appointed 11 February 2025)
(Appointed 25 July 2025)
{Appointed 25 July 20251

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Directors delegate the day to d8y running of the Charity to John Eccles, Head of Service Delrvery.
The Board of Dire¢tors
A majority of the members of the Charily have the power to appoint and to remove from the Board Directors
al any time. Any Director so appointed holds office only until the next Annual General Meeting, and is then
eligible for re-election. At the Annual General Meeting each year one third of the Directors retire from office.
A retiring member of the Board is however eligible for re-election at the Annual General Meeting.
The Role of the Board
Decisions of the Chartty are made al Board Meetings at which a minimum of 4 Directors {no maximum) must be
present. All Directors have one vote.
The Board is responsible for taking decisions on the on-going strategic direction of Greater Manchester Accessible
Transport Limited {"GMATL"). The Board normally meets four times a year.
United Kingdom law requires the Charity to prepare financial statements for each financial year. which give a
Irue and fair view of the stale of affairs of GMATL. In preparing the financial slatemenls. the board has selected
suitable accounting policies and applied them consistently, made judgements that are reasonable and
prudent, followed applicable accounting standards and statements of recommended practice without any
material departures, and prepared the financial statements on a going concern basis. The financial
statements comply with the charity's goveming document.
Local consultation
Communication with Service users and group organisers has been maintained by telephone, emails, and in person
in order lo promote the Ring and Ride service.
Risk Management and Internal Control
The Board is responsible for the management ofthe risks faced by the Charity- Risks are identified, assessed
and controls established throughoul the year. A formal review of the Charity's risk management processes 15
undertaken on an annual basis.
Through the risk managemenl processes established for the Charity, the Directors are satisfied that the major
risks identified have been adequately miligaled where necessary. It is recognised that systems can provide
reasonable but not absolute assurance that major risks have been adequately managed.
The Board reviews the accounting and financial reporting practices. its internal financial controls, the work of
internal and external audit and compliance with all relevant legislation.
Equal Opportunities
The Company, operates an equality and diversity policy to ensure that the workforce is as diverse as possible
and wilh the support of Unite the Union will not tolerate discrimination because of age, disability, gender
reassignment. marriage and civil partnership. pregnancy and maternity. race, religion or belief, sex, sexual
orientation, trade union membership. working patterns, responsibilities for dependents or offending
background thal does nol create risk to children and vulnerable adults.
Auditor
In accordan￿ with ihe company's articles, a Tesolulion proposing that Azets Audil Services be reappointed a General
Meeting.
Azels Audil Services have been approved by Direclors to provide audit services up until 2025.

GREATER MANCHESTERACCESSIBLE TRANSPORT LIMITED
DIRECTORS. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The directors. report was approved by the Board of D1￿clOr$.
This report has been prepared in accordance with the provisions applicable to companies entitled to the small-sized companies
exemption.
Councillor Tracey Rawlins
Dlrector
Date.. 17112125

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
STATEMENT OF DIRECTORS. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2025
The directors, who also act as trustees for the chari18ble activities of GMATL, are responsible for preparing Ihe
Directors, Report and the financial statements in accordance with applicable law and United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law requires the directors to prepare financial stalements for each financial year which give a true and fair
view of the state of affairs of the charity and of the incoming resou￿$ and application of resources, including the
income and expenditure, of the charitable company for that year.
In preparing these financial slalemenls, the directors are required to..
select suitable accounting policies and then apply them consislently.,
observe the methods and principles in the Charities SORP..
make judgements and estimales that are reasonable and prudent., and
prepare the financial statements on the going concern basis unless il is inappropriate to presume Ihal the charity
will continue in operation.
The directors are responsible for keeping adequate accounting records Ihal disclose with reasonable accuracy at any
time the financial p051tion of the charity and enable them to ensure that the financial Statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for laking
reasonable steps for the prevention and detedion of fraud and other irregularities.
United Kingdom law requires the Charity to prepare financial statements for each financial year. which give a true and
fair view of the slate of affairs of GMATL. In preparing the financial statements, the board has selected suitable
accounting policies and applied them consistently, made judgements that are reasonable and prudent, followed
applicable accounting standards and statements of recommended practice without any material departures, and
prepared the financial statements on a going concern basis. The financial slalemenls comply with the charity's
governing document.
The board is responsible for keeping proper accounting records which disclose, with reasonable accuracy al any time,
the financial position of the Charily and which enables it to ensure that the financial statements comply with the
Companies Act 2006. It is also responsible for safeguarding the assets of the Charity and for taking reasonable steps
for the prevention and detection of fraud and other irregularities.
The Board is also responsible for Ihe corporate and financial information included on GMATL'S website.

GREATER MANCHESTERACCESSIBLE TRANSPORT LIMITED
STATEMENT OF DIRECTORS, RESPONSIBILITIES (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Dire¢tors' interest in contracts
No Director had any material inlerest, either during or al the end of this financia5 year, in any contract in which the
Charity was a party.
Financial risk management
The Charity holds or issues financial instrumenls in order to achiève three main objectives. being..
(a) to finance its operations:
(b) to manage its exposure lo interest risks arising from ils operations and from its sources of finan￿.. and
(c) for trading purposes.
In addition, the Charily has various other financial assets and liabilities such as trade debtors and trade creditors
arising directly from the Charity's operations.
Transactions in financial instruments result in the Charity assuming or transferring to another party one or more
of the financial risks described below.
Credit risk
Investments of cash surpluses are made through banks and companies which must fuffil credit rating criteria approved
by the Board
All customers who wish to trade on credit terms are subject lo credit verification procedures. Trade debtors are
reviewed on a regular basis and provision is made for doubfful debts when necessary.
Liquidity risk
The Charity manages its cash in order to maximise inlerest income. whilst ensuring the Charity has sufficient liquid
resources to meet the operating needs of the business.
Share capital
The Charity is limited by guarantee and has no share capital.
Employee training and development policy
The Charity operates an Equal Opportunities Employment Policy to ensure that the workforce is as diverse as
possible.
Health and Safety
Health and Safety standards and procedures have been established in the Charity and are satisfaclory.
10-

GREATER MANCHESTERACCESSIBLE TRANSPORT LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE DIRECTORS OF GREATER MANCHESTER ACCESSIBLE TRANSPORT
LIMITED
Opinion
We have audiled the financial statements of Greater Manchester Accessible Transport Limited (the 'charity'i for the
year ended 31 March 2025 which comprise the stalemenl of financial activities, the balance sheet, the statement of
cash flows and notes to the financial statements, inclLAding significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and Untted Kingdom Accounting Standards,
including Financial Reporting Slandard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland {United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements..
give a Irue and fair view of the state of the charitable company's affair5 as at 31 March 2025 and of ils incoming
resources and applicats'on of resources, for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance wilh Inlemalional Standards on Auditing (UK) IISAS (UK)) and applicable law.
Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audil of the
Inancial statements section of our report. We are independent of the charity in accordance wilh the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Slandard,
and we have fulfilled our other ethical responsibililies in accordance with these requirements. We believe that the
audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have conduded that Ihe directors. use of the going concern basis of accounting
in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relaling lo events or
conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue a5 a going
concern for a period of al least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilits'es of the directors with respect to going concern are described in the relevant
sections of this report.
Other inforrnation
The olher information comprises Ihe information included in Ihe annual report other than the financial statements and
our auditor's report thereon. The directors are responsible for the other infomialion contained within the annual report.
Our opinion on the financial statements does not cover the other information and we do not express any form of
assurance conclusion Ihereon. Our responsibilily is lo read the other infomialion and. in doing so, consider whelher
the other information is materially inconsistent with the financial statements or our knowledge obtained in the course
of Ihe audit, or othe￿Ise appears to be materially misstated. If we identify such material inconsistencies or apparent
material misstatements, we are required to delemiine whether this gives rise to a material misstatement in the
financial stalemenls themselves. If. based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing lo report in respect of the following matters in relation to which the Charities (Accounts and Reports)
Regulations 2008 require us to report lo you if. in our opinion..
the informalion given in the financial statements is inconsistent in any material respect with the directors, report..
or
sufficient accounting records have not been kept,. or
Ihe financial stalemenls are not in agreement with the accounting records., or
we have not received all the infomiation and explanations we require for our audit.
11

GREATER MANCHESTERACCESSIBLE TRANSPORT LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE DIRECTORS OF
GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
Responsibilities of dlrectors
As explained more fully in the statement of directors, Tesponsibilities. the diredors are responsible for the preparation
of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as
the directors detemiine is necessary to enable the preparation of financial stalemenls that are free from material
misstatement, whether due lo fraud or error. In preparing the financial statements, the directors are responsible for
assessing the charity's ability lo continue as a going concem, disclosing. as applicable, matters related to going
concern and using the going concern basis of accounting unless the directors either intend to liquidate the charitable
company or to cease operations, or have no realistic altemative but to do so.
Auditorfs responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of Ihe Charities Act 2011 and report in accordance with the Act
and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether Ihe financial statements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an audi10￿5 report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with
ISAS {UK) will always detect a material misstatement when it exisls. Misstatements can arise from fraud or error and
are considered material if, individually OT in the aggregale, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial stalements.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https'.11
W￿.frc.Org.uk1a￿dIt0rsresponSlbll1tles. This description forms part of our auditor's report.
Extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities. outlined above and on Ihe Financial Reporting Council's website. to detect material
misstatements in respecl of irregularities, including fraud.
We oblain and update our understanding of the entily, its activities, ils conlrol environment, and likely future
developments, including in relation to the legal and regulatory framework applicable and how the entily is complying
with thal framework. Based on this understanding, we identify and assess the risks of material misstalemenl of Ihe
financial statements, whelher due to fraud or error, design and perfomi audit procedures responsive to those risks,
and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes
consideralion of the risk of acts by the entity that were contrary io applicable laws and regulalions, induding fraud.
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed
procedures which induded-.
Enquiry of managemenl and those charged with governance around actual and potential liligation and claims
as well as actual. suspected and alleged fraud,.
Reviewing minutes of meelings of those charged with governance..
Assessing the extent of compliance with the laws and regulations considered to have a direct material effect
on Ihe financial statements or the operations of Ihe entity Ihrough enquiry and inspection;
Reviewing financial statement disclosures and testing to supporting documentation lo assess compliance
with applicable laws and regulations;
Performing audil work over the risk of management bias and override of controls, including testing of journal
entries and other adjuslments for appropriateness. evaluating the business rationale of significant
transactions outside the normal course of business and reviewing accounting eslimales for indicators of
potential bias.
Because of the inherent limitalions of an audit, there is a risk thal we will not detect all irregularities, including those
leading to a material misslalement in the financial stalements or non-compliance with regulation. This risk increases
the more that compliance with a law or regulalion is removed from the events and transactions reflected in Ihe financial
statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a
malerial misstatement resutting from fraud is higher than for one resulting from error, as fraud may involve collusion,
forgery, intentional omissions, misrepresentations, or the override of internal control.
12

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE DIRECTORS OF
GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
Use of our report
This report is made solely lo the charily's trustees. as a body, in accordance with part 4 of Ihe Charities {Accounls
and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the chariws trustees
those matters we are required to state to them in an audito¢s report and for no other purpose. To the fullest extent
permitted by law. we do nol accept or assume responsibility to anyone other than the charity and the charity's trustees
as a body, for our audit work. for this report, or for the opinions we have formed.
Jonathan Ward (Senior Statutory Auditor)
for and on behalf ofAzets
Chartered Accountants
Statutory Auditor
Ship Canal House
98 King Street
Manchester
M2 4WU
Azets is eligible for appointment as auditor of the charity by virtue of its eli9ibility for appointmenl as auditor of
company under section 1212 of the Companies Act 2006.
13-

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE
ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted funds
General Designated
2025
2025
Total
Unrestricted Unrestricted
general Designated
2024
2024
Total
Notes
Income and endowments Irom:
Charitable activities
Revenue grant
Bus ServI￿s
Operators, Grant
(BSOG)
2025
2024
3,536,176
3.536,176
3,486.451
3.486.451
Fares income
Investment income
Service charge
income
136.769
287,830
18,708
136.769
287,830
18.708
306,814
10.318
134,943
134,943
306,814
10,318
62,851
62.851
64,376
64,376
Total in¢ome
4,042,334
4,042.334
3,867.959
134.943
4,002,902
enditure on:
Charitable activrties
Withdrawal and
depreciation of
tangible fixed assets
Governance costs
4,600,971
4,600.971
4,382.322
4.382.322
3,042
15,373
135,128
138,170
15.373
3,597
25.245
135,127
138,724
25,245
Totsl charitable
expenditure
4.619,386
135,128
4.754,514
4.411.164
135.127
4,546.291
Net gainsl{losses) on
investments
(1)
(1)
Net outgoing resour¢es
before transfers
{577,052) (135,128) 1712,180)
(543,2061
Gross transfers
behveen funds
(184) {543,390)
1,366,348 {1,366.348)
69.000
(69.O¢X))
Net incomel{expenditure}
for the yearl
Net movement in funds
789,296 {1.501,476) 1712,180)
{474,206)
Fund balanos al 1 April
2024
(6g,184) (543,390)
622,079
1,797,649
2,419.728
1,096,285
1,866.833
2,963.118
Fund balan¢es at 31
March 2025
1.411.375
296,173
1,707,548
622,079
1,797,649
2.419,728
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activrties.
14-

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
STATEMENT OF FINANCIALACTIVITIES (CONTINUED) INCLUDING INCOME AND
EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
The statement of financial activities also complies with Ihe requirements for an income and expenditure account under
the Companies Acl 2006.
15-

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Notes
Fixed assets
Tangible assets
10
296,173
434.343
Current assets
Debtors
Cash at bank and in hand
11
332.712
1.381,470
370.137
1,930,876
1,714.182
2,301,013
Creditors: amounts falling due within
one year
12
(302,807}
{315,628)
Nel current assets
1,411.375
1,985,385
1.707.548
2,419,728
Total assets less current liabilities
Income funds
Unrestricted funds - Designated
General unrestricted funds
296.173
1,411,375
1,797.649
622,079
1,707,548
2.419.728
The company is enlilled to the exemption from the audil requirement contained in section 477 of the Companies Act
2006, for Ihe year ended 31 March 2025, although an audit has been carried out under section 144 of the Charities
Acl 2011.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with
respect lo accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of ils financial slalements under the requirements of
the Companies Act 2006, for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable lo companies subject to
the small companies regime.
The financial statements were approved by the Directors on 17112125
Councillor Tracey Rawlins
Trustee
Company registratlon number 02483763
16-

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operating activities
Cash absorbed by operations
{568,114)
{492.207)
18
Investing activities
Investment income received
18,708
10,318
Net cash generated from Investing
Activities
18,708
10,318
Net cash used in financing activities
Net decrease in cash and cash equivalents
(549,406)
{481,889}
Cash and cash equivalents al beginning of year
1,930.876
2,412,765
Cash and cash equivalents at end of year
1,381,470
1.930,876
17

GREATER MANCHESTERACCESSIBLE TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
Charity inforn)ation
Greater Manchester Accessible Transport Limited is a private company limited by guarantee incorporated in
England and Wales. The registered olTice is 20th Floor, Manchester One. 53 Portland Street. Manchester, M1
3LD, United Kingdom.
1.1 Accounting convention
The financial statements have been prepared in accordance wilh the charity's goveming documenl, the
Companies Acl 2006 and 'Accounling and Reporting by Charities.. Stalement of Recommended Practice
applicable to charities preparing Iheir accounts in accordance wilh the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS 102) (effective 1 January 20191" The charity is a Public Benefit Entity
as defined by FRS 102.
The financial statements are prepared in slerling, which is the functional currency of the charity. Monetary
amounts in these financial slatements are rounded to the nearest £.
The financial statemenls have been prepared under the historical cost convention. The principal accounting
policies adopted are set out below.
1.2 Going concern
At the tiffle of approving the financial slatements, the directors have a reasonable expectation that the charity
has adequate resources to continue in operational existence for the foreseeable future. Thus the direclors
continue to adopt the going concern basis of accounting in preparing the financial slatements.
1.3 Charitable funds
The Unreslricled FLJnd comprises the Charity's General Fund. which consists offunds that the Charity may use
at ils discretion. The Designaled Funds include the vehicle reserve, which is used for the specific purpose of
addressing the effects of Social Exclusion in Transport, and the specifi'c reserve funds set aside for
development, building refurbishment works, and Ihe pursuit of future opportunities to enhance the efficiency of
the Charity, all of which are critical to secure the future of ihe Charrty.
1.4 Income
Revenue grant
Grants received towards revenue expenditure are recognised wilhin incoming resources in the same period as
the related expenditure.
Grants received towards capital expenditure are recognised as income and allocated to the anticipated use for
that grant in the Charity's designated reserves.
Bus Service Operators Grant (BSOG}
BSOG income is recognised in the year that the related expenditure is incurred on fuel, and allocated to the
vehicle replacement reseNe within designated funds.
Fares income
Users ofthe Charity's services pay a fare in accordance with the TfGM pass held. If they hold a concessionary
permit issued under the auspices of Transport for Greater Manchester Committee and Transport for Greater
Manchester. or are under 16 years old, a standard concessionary fare is charged. Fares income is recognised
at receipt.
18-

GREATER MANCHESTERACCESSIBLE TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies
(Contlnued)
1.5 Expenditure
Expenditure is Tecognised once there is a legal or construdive obligation to transfer economic benefit lo a third
paty. il is probable that a transfer of economic benefits will be required in settlement, and Ihe amount of the
obligation can be measured reliably.
Expenditure is classified by activity. The costs of each acttvity are made up of the total of direct costs and shared
costs, induding support costs involved in undertaking each activily. Direct costs attributable to a single aclivily
are allocated directly to Ihal activity. Shared costs which contribute to more than one activity and support costs
which are nol attributable to a single activity are apportioned between those activities on a basis consistenl with
the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges are
allocated on the portion of the asset's use.
1.6 Tangible lixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valualion, net of
depreciation and any impairment losses.
Depreciation is recognised so as to write off the cosl or valuation of assets less their residual values over their
useful lives on the following bases..
P￿miseS improvements
Computers
Motor vehicles
Slraight line over the term of the lease
3 - 6 years straighl line
10 - 16 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds
and Ihe cafrying value of the asset. and is recognised in the statement of financial activities.
1.7 Impairrnent of fixed assets
Al each reporting end dale, the charity reviews the carrying amounts of it$18ngible assets to determine whether
there is any indication that those assets have suffered an impairment loss. If any such indication exists, Ihe
recoverable amount of the asset is estimated in order lo determine the extent of the impairment loss lif any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand. deposits held at call wilh banks, other short-term liquid
investments with original maturities of three monlhs or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther
Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are Tecognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset. with the net amounls presented in the financial statements, when there
is a legally enforceable right lo sel off the recognised amounts and ihere is an intention to settle on a nel basis
or to realise the asset and settle the liabilily simultaneously.
19-

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Ac¢ounting policies
IContinued}
Basic financial assets
Basic financial assets, which include deblors and cash and bank balances, are initially measured al transaction
price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the
present value of the future receipts discounted at a market rate of interest. Financial assels classified as
receivable within one year a￿ not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction pri￿ unless the arrangement
constitutes a financing transaction, where the debt instrument is measured at the present value of the future
payments discounted at a market rate of interest. Financial liabilities classified as payable within one yeai are
not amortised.
Trade creditors are obligalions to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as currenl liabilities if payment is due wilhin one year
or less. If not, Ihey are presented as non-current liabilities. Trade creditors are recognised inilially at Iransaction
price and subsequently measured at amortised cost using Ihe effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unused holiday enlitlement is recognised in Ihe period in which the employee's servi￿$ are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to
terminate the employment of an employee or to provide lemiination benefits.
1.11 Retirement benefits
Paymenls lo defined contribution retirement benefrt schemes are charged as an expense as they fall due.
Critical accounting estimates and judgements
In the applicalion of ihe company's accounting policies, the direclors have not been required to make critical
judgemenls, estimates and assumptions about the carrying amount of assels and liabililies. There have also
not been any key sources of estimation uncertainly that have a significant effect on the amounts recognized in
the financial slatements.
-20-

• ¢+

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Investment income
Unrestricted Unrestricted
funds
funds
general
general
2025
2024
Interest receivable
18.708
10.318
Service charye income
Unrestricted Unrestricted
funds
funds
general
general
2025
2024
Service charge income
62,851
64,376
-22-

co ¢N
i tsi
ON
Lr) (N

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Directors
None of Ihe directors {or any persons connected with them) received any remuneration or benefits from the
charity during the year.
Employees
The average monthly number of employèes durin9 Ihe year was..
2025
2024
Number
Number
Administrative
Operational
Total
18
84
20
86
102
106
Employment costs
2025
2024
Wages and salaries
Social security costs
other pension costs
2,476,633
215,051
71,463
2,353,223
192,639
66.521
2,763,147
2,612,383
All staff are attributable to the one principal activity of the Charity.
The Charity makes contributions into certain individuals, personal pension schemes. The assets of Ihe
schemes are held in separately administered funds. The pension charge for the year represents contributions
payable by the Charity and amounted to £71.463 (2024.. £66,521). At the balance sheet date the Charity owed
£20,410 (2024.. £12.016) to the schemes.
The number of employees whose annual remuneration was more than £60,000 is
as follows..
2025
Number
2024
Number
£60,000 to £70,000
Taxation
The charity is exempi from lax on income and gains falling within section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charita￿e objects.
-24-

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10 Tangible fixed assets
Pr•mlsos
Improvomwts
Computors Motor v•hiclos Total
Cost
At 1 April 2024
10,394
56,817 1,535,086
1,602,297
At 31 March 2025
10,394
56.817
1,535,086
1,602,297
Depreciation and impairnient
Al 1 April 2024
Depreciation charged in the year
10.394
53,775
3,042
1,103,785
135,128
1,167,954
138,170
At 31 March 2025
10,394
56,817 1,238.913
1,306,124
Carrying amount
Al 31 March 2025
296,173
296,173
At 31 March 2024
3,042
431,301
434.343
11 Debtors
2025
2024
Arnounts falling due within one year:
Trade debtors
VAT recoverable
Bus SeNice Operators Grant
Other debtors
Prepayments and accrued income
22.335
28,700
137,588
27,849
116,240
23,011
69.296
134.943
16,541
126,346
332,712
370,137
12 Creditors: amounts falling due within one year
2025
2024
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
50,990
132,265
22,965
96,587
46,692
136,317
13,013
119,606
302,807
315,628
-25-

¥?
0￿0

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
14 Analysis of net assets between fund$
Unrestricted Unrestricted
general fund designated
fund
2025
Total Unrestricted Unrestricted
general fund designated
fund
2024
Totsl
2025
2025
2024
2024
Fund balances at 31
March 2025 are
represented by..
Tangible assets
Current assetsl(liabilities)
296,173
191,742) 1,503.117
296,173
1,411,375
3,042
619,037
431,301
1,366,348
434,343
1,985,385
(91,742) 1,799.290
1,707,548
622,079
1.797,649
2.419.728
15 Operating lease commitments
Al the reporting end date the charity had outstanding commitments for future minimum lease payments under
non-cancellable operating leases, which fall due as follows..
2025
2024
Within one year
Behveen two and five years
237,635
93,494
132,094
214.710
331,129
346,804
16 Value Added Tax
The Charity is registered for Value Added Tax, with both the grant received from Transport for Greater
Manchester and the fares paid by users deemed lo be taxable. These are zero rated under Item 4 Group 8 of
Schedule 8 of the Value Added Tax Act 1994. As such, the Charity is able to fully reclaim all input lax paid.
17 Ultimate control
The charity's parent undertaking is Transport for Greater Manchester which is ultimately controlled by Greater
Manchester Combined Authority I'GMCA.). GMCA exercise control over GMATL through Transport for Greater
Manchester Committee who receive regular reports on and can question the operation of GMATL.
27-

GREATER MANCHESTER ACCESSIBLE TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Cash generated from operatlons
2025
2024
(712,180)
{543,390}
Deficit for the year
Adjuslmenls for".
Investment income recognised in statement of financial activities
(GainlAoss on disposal of investments
Depreciation and impaimienl of tangible fixed assets
118,708)
(10.318)
138,170
138,724
Movements in working capital=
Oecreasel(incre8sel in debtors
IDecrease)lincrease in creditors
37,425
12.821)
(132,875)
55,651
Cash absorbed by operations
(568,114)
(492,207)
19 Analysts of changes in net funds
The charily had no debt during the year.
-28-