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2025-04-30-accounts

COMPANY REGISTRATION NUMBER: 02723698 CHARITY REGISTRATION NUMBER: 1020850

Toll Rides (Off Road) Trust Company Limited by Guarantee Unaudited Financial Statements 30 April 2025

DAVID PAYNE

Accountants Sportsman Farm St Michaels Tenterden Kent TN30 6SY

Toll Rides (Off Road) Trust

Company Limited by Guarantee

Financial Statements

Year ended 30 April 2025

Page
Trustees' annual report (incorporating the director's report) 1
Statement of financial activities (including income and
expenditure account) 3
Statement of financial position 4
Statement of cash flows 5
Notes to the financial statements 6
The following pages do not form part of the financial statements
Detailed statement of financial activities 13
Notes to the detailed statement of financial activities 14

Toll Rides (Off Road) Trust

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 30 April 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 April 2025.

Reference and administrative details

Registered charity name Toll Rides (Off Road) Trust

Charity registration number 1020850 Company registration number 02723698 Principal office and registered Sportsman Farm office St Michaels Tenterden Kent TN30 6SY

The trustees

Mrs C Hodge M Morris J Norris Company secretary M Morris Accountants David Payne Accountants Sportsman Farm St Michaels Tenterden Kent TN30 6SY

Structure, governance and management

Responsibility for compliance is that of the Trustees, who consult as and when needed with appropriate professionals. Any issues out of the ordinary are communicated to the Trustees by email or telephone. The Trustees hold meetings on a very regular basis.

Objectives and activities

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

Strategic report

The following sections for achievements and performance and financial review form the strategic report of the charity.

- 1 -

Toll Rides (Off Road) Trust

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 April 2025

Achievements and performance

The membership were asked to provide feedback on TROT, it's service and it's routes. Their responses will be used to prioritise tasks to be undertaken during 2025-2026.

Financial review

Regular Solvency Tests and Reviews of Income and Expenditure are drawn up and reviewed by the Trustees on a regular basis both at formal meetings and via email or informal meetings.

Plans for future periods

Objectives for 2025-2026 include increased policing of routes, continuation of the member recruitment programme. There are also plans for exploring the utilisation of a computer app to monitor th riders and the routes utilised.

The trustees' annual report and the strategic report were approved on .............................. and signed on behalf of the board of trustees by:

M Morris Trustee

- 2 -

Toll Rides (Off Road) Trust

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 30 April 2025

2025 2025 2024
Unrestricted
funds Total funds Total funds
Note £ £ £
Income and endowments
Donations and legacies 5 52,668 52,668 46,708
Investment income 6 5,053 5,053 4,552
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Total income 57,721 57,721 51,260
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
Expenditure
Expenditure on charitable activities 7,8 35,403 35,403 40,425
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Total expenditure 35,403 35,403 40,425
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Net income and net movement in funds 22,318 22,318 10,835
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
Reconciliation of funds
Total funds brought forward 209,946 209,946 199,111
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Total funds carried forward 232,264
৶৶৶৶৶৶৶৶৶
232,264
৶৶৶৶৶৶৶৶৶
209,946
৶৶৶৶৶৶৶৶৶

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 6 to 11 form part of these financial statements.

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Toll Rides (Off Road) Trust

Company Limited by Guarantee

Statement of Financial Position

30 April 2025

2025 2024
Note £ £ £
Current assets
Cash at bank and in hand 347,644 366,580
Creditors: amounts falling due within one year 12 111,208 152,163
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Net current assets 236,436 214,417
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Total assets less current liabilities 236,436 214,417
Creditors: amounts falling due after more than
one year 13 4,172 4,471
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Net assets 232,264 209,946
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
Funds of the charity
Unrestricted funds 232,264 209,946
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Total charity funds 14 232,264 209,946
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶

For the year ending 30 April 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:

M Morris Trustee

The notes on pages 6 to 11 form part of these financial statements.

- 4 -

Toll Rides (Off Road) Trust

Company Limited by Guarantee

Statement of Cash Flows

Year ended 30 April 2025

Year ended 30 April 2025
2025 2024
£ £
Cash flows from operating activities
Net income 22,318 10,835
Adjustments for:
Other interest receivable and similar income (5,053) (4,552)
Interest payable and similar charges 6,246 11,812
Changes in:
Trade and other creditors (41,254) (650)
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Cash generated from operations (17,743) 17,445
Interest paid (6,246) (11,812)
Interest received 5,053 4,552
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Net cash (used in)/from operating activities (18,936) 10,185
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
Net (decrease)/increase in cash and cash equivalents (18,936) 10,185
Cash and cash equivalents at beginning of year 366,580 356,395
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
Cash and cash equivalents at end of year 347,644
৶৶৶৶৶৶৶৶৶
366,580
৶৶৶৶৶৶৶৶৶

The notes on pages 6 to 11 form part of these financial statements.

- 5 -

Toll Rides (Off Road) Trust

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 April 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Sportsman Farm, St Michaels, Tenterden, Kent, TN30 6SY.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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 (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

- 6 -

Toll Rides (Off Road) Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 April 2025

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Tangible assets

All fixed assets are initially recorded at cost.

- 7 -

Toll Rides (Off Road) Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 April 2025

3. Accounting policies (continued)

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Computer and Fixtures - 33% straight line Bridges & Gates - 33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

- 8 -

Toll Rides (Off Road) Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 April 2025

3. Accounting policies (continued)

Financial instruments (continued)

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

5. Donations and legacies

Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Donations
Fees Received 47,296 47,296 41,913 41,913
Donations type 2 5,372 5,372 4,795 4,795
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
52,668 52,668 46,708 46,708
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
6. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Bank interest receivable 5,053 5,053 4,552 4,552
৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶
7. Expenditure on charitable activities by fund type
Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Support costs 35,403 35,403 40,425 40,425
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶

- 9 -

Toll Rides (Off Road) Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 April 2025

8. Expenditure on charitable activities by activity type

Total funds Total fund
Support costs 2025 2024
£ £ £
Activity type 6 390 390
Governance costs 35,013 35,013 40,425
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
35,403
৶৶৶৶৶৶৶৶
35,403
৶৶৶৶৶৶৶৶
40,425
৶৶৶৶৶৶৶৶

9. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows: The total staff costs and employee benefits for the reporting period are analysed as follows: The total staff costs and employee benefits for the reporting period are analysed as follows:
2025 2024
£ £
Wages and salaries 18,016 18,860
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
The average head count of employees during the year was Nil (2024: Nil). The average number
of full-time equivalent employees during the year is analysed as follows:
2025 2024
No. No.
Number of staff - type 3 2 2
৶৶৶৶ ৶৶৶৶

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

10. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

11. Tangible fixed assets

Fixtures and
fittings Equipment Total
£ £ £
Cost
At 1 May 2024 and 30 April 2025 13,603 72,113 85,716
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
Depreciation
At 1 May 2024 and 30 April 2025 13,603 72,113 85,716
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
Carrying amount
At 30 April 2025
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
At 30 April 2024
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶

- 10 -

Toll Rides (Off Road) Trust

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 April 2025

12. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 101,321 142,320
Ring Fenced Funds 8,697 8,697
Other creditors 1,190 1,146
ৄৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄৄ
111,208 152,163
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
13. Creditors: amounts falling due after more than one year
2025 2024
£ £
Other creditors 4,172 4,471
৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶
14. Analysis of charitable funds
Unrestricted funds
At At
1 May 2024 Income Expenditure 30 April 2025
£ £ £ £
General funds 209,946 57,721 (35,403) 232,264
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
At At
1 May 2023 Income Expenditure 30 April 2024
£ £ £ £
General funds 199,111 51,260 (40,425) 209,946
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶
15. Analysis of changes in net debt
At
At 1 May 2024 Cash flows 30 Apr 2025
£ £ £
Cash at bank and in hand 366,580 (18,936) 347,644
৶৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶৶

- 11 -

Toll Rides (Off Road) Trust

Company Limited by Guarantee

Management Information Year ended 30 April 2025

The following pages do not form part of the financial statements.

- 12 -

Toll Rides (Off Road) Trust

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 30 April 2025

Year ended 30 April 2025
2025 2024
£ £
Income and endowments
Donations and legacies
Fees Received 47,296 41,913
Donations type 2 5,372 4,795
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
52,668 46,708
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Investment income
Bank interest receivable 5,053 4,552
ৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄ
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Total income 57,721 51,260
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
Expenditure
Expenditure on charitable activities
Wages and salaries 18,016 18,860
Repairs and maintenance 390
Other establishment 6,395 5,908
Legal and professional fees 4,356 3,845
Other interest payable and similar charges 6,246 11,812
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
35,403 40,425
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Total expenditure 35,403 40,425
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Net income 22,318 10,835
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶

- 13 -

Toll Rides (Off Road) Trust

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 30 April 2025

2025 2024
£ £
Expenditure on charitable activities
Activity type 6
Support costs
Support charitable activity 6 - repairs & maintenance 390
ৄৄৄৄ ৄৄৄৄ
Governance costs
Governance costs - wages/salaries 18,016 18,860
Governance costs - other establishment 6,395 5,908
Governance costs - accountancy fees 1,189 1,183
Insurances 2,926 2,414
Telephone 241 248
Office Expenses 6,246 11,812
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
35,013 40,425
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ
Expenditure on charitable activities 35,403 40,425
৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶

- 14 -