REGISTERED COMPANY NUMBER: 02889730 (England and Wales) REGISTERED CHARITY NUMBER: 1033035 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR COMMUNITY TRANSPORT (SWADLINCOTE)
COMMUNITY TRANSPORT (SWADLINCOTE) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Tru6tees Independent Examlnerfs Rèport Statém•nt of Flnan¢lal Actlvltles Balance Sheet Not•8 lo th• Flnanclal Slatement8 8 to 16
COMMUNITY TRANSPORT (SWADLINCOTE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. present their r8POrt with thè financial statements of thé charity for thé year endad 31 March 2024. The tfuste&s have adopted Iha provisions of Accounting and Reporting by Chalies. Statemenl of Recommended Practlce applicable to charitles preparing their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). OBJECTIVES AND ACTIVITIES ObJe¢llve8 The charlty alms to 'provlde a non-profit makiro, community transport service for the benefit of Ihe residents of South Derbyshire and surrounding areas in the interests of s(Kial wellare and lor the preservation of health of those in need. hardship and distress by reason of age, Infirmlty, mental or physlcal abillty with the oblect of impToving thelr conditlon of Ilfe.. Services may be used by Community groupslindividuals meeting our eligibility criteria and who a affiliated with us and have pra.booked in advance. Sep4i¢es a$$ist vulnerable Childn and adults lo maintain Independence and provide improved lifv quality, increase choice and asslst with soclal integrakn'on. Occaslonal non-profit soclal outlngs are provided for r8gister8d members. Slgnlfl¢ant actlvlll•8 Two types of seniice are currenlly provided for Ihose who are eligible.. Group Transport used by any group whlch benefits the community: Home to Schooirrraining C8ntr8 Serwces for chlldren and adults wllh speclal educational needsldl$3bllilles. Publ1¢ ne1 The charity has referred to th8 guidance contained In Ihe Charity Commission's general guidance on public benefil when reviewing its aims and objectfves and in plannlng future actlvltles. In partlcular the charity has considered how planned a¢livilies will contribule to the aims and objectives that11 has set, ACHIEVEMENT AND PERFORMANCE Charltable actlvltlol These represent the main income source of th8 chaTIty. As wlth all transport operators, we are stlll flnding 11 Increaslngly difficutt to recrull new staff and over the past year have had little response when advertlsing vacancies. This is despite the living wage increase8. We will be faclng further salary costs in the coming years. Since the retlrement of Sheila Neat, wg took the decision not to replace h8r and allocate key personnel from Er8wash Community Transport Llmlted, thlB h88 w0ed quite well due to remote working and shared systems. Management. and driver trainlng support Is sllll recelved from Erewash Community Transport Limlted: extra 8UPPOrt for all staff is always available. Fountains School Contracts are runnlng w11 wilh little or no dlsruption. and these wlll contlnu8 for a further 4 years. Fortunately, Staffordshlre County Councll are mindful of the increased expenditure Incurred by operator8 and have reflected this in awarding the conlracts and annual Increases. Group Transport servlces conllnue to grow, increases have been applied to the hourfy rate. this is essential in relaining staff. and covering costs of vehicles et¢. We took dellvery of a new Renault Masler 16 seat mlnlbus in the year. our fleet is getting tired, and we need to attract further Wofk. So, to promote, we employed a social media promoler, who follow8 and rx)st8 our achievement8 and opportunilie$, including vacancies. It has gained som8 Interest so a worthwhlla Investmant. Inlornal and extemal factors The charity considers thal It is well equipped to explore new business opportunilie$ wilhin its obJ-e¢tive8 for the further benefit of the locAI Gommunity which it serves. Both trust88s and management strive to continue Ihe excellent community service CUrntlY provided. However, this annot be guarania8d. Page 1
COMMUNITY TRANSPORT (SWADLINCOTE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Flnanclal posltlon The total net income for the year from unrestricled activities arnounl8d to £12,295 12023: £69,522) There was net expenditure on restricted funds of £4,365 (2023: £4,134>. The net effect of th8 abov8 resulls is a total n8t Surplus of £7,930 (2023-. £65,388) which has b88n added to reserves to glve total funds as at 31 March 2024 of £1,090,530 (2023.. £1,082.600) of which £960.984 12023: £948.6891 is unrastricled and £129,546 {2023'. £133,911) is restricted. Prlnclpal fundlng sourcos The charity's principal sources of fundlng In the year Vre SeICe contracis with Siafftirdshire County Council arKI Derbyshire County Council. Inv•slm•nt pollcy and objgcllv•s We have the power to invest lo generale hjnds bul generally choose not to do so other than seeking good interest on any money we have in our reseples andlor set aside for vehicle purchase. R•servos pollcy It is the trustees, policy io accumulate and hold resaNes at such levels as requlred to even out fulur8 fluctualions in Income and expenditure, whilst enabling the services to be maintained. Designated reseThes are currentty invested in a Vlrgin Money 8uslnes8 Current Account. These re8ep4e8 amounted lo £107,500 as at 31 March 2024 (2023.. £107.5001. The designated lunds relate to a contingeY fund of £SO,OfXI with the remainder for vehicle replacemenl. W8 are required by law to ensure sufficient r8seNes are held l¢ashla8se18) to be realised if necessary lo cover costs involved in the event the Scheme Milnds up,. Our accounts Show we can cover all costs Involved. Golng Conrn Th8 lev81 of general r8seNÉs a$ al 31 March 2024 amounied to £720.917 and the balance of cash at bank and in hand in respect of unrestricted funds was £665,185. The trusl883 conslder that tha charlty ha$ sufficient reserves and liquid funds to prepare the a¢c¢Junls on a goirKJ concern basis. STRUCTURE, GOVERNANCE AND MANAGEMENT Gov•mlng document Communlty Transport {Swadlincot8> Is a r8glstared ch8rlty and company Ilmltad by guarantea, as defined by the Companies Act 2006, and not having a share capllal. It Is gov8rn8d by Its M8morandum and Artlcles of Ass¢xialion dat8d January 20th. 1994. Indemnity insurance covers the liability of the directors, and a Service Level Agreement is In place bglween the ch8rfty and Derby8hlre County Council and also Staffordshlre County Council. Recrultm•nt and appolnlmenl of new tru8toe8 In accordance with the Articles of Association, newly appointed trustees r8tir8 at lh8 next Annual General Meètlng tog8th8r wrth one third of th8 exlsling trustees by rotation. They may offer themselves for re- election for a further tenn of Ihree years. Vthen appointing trustees, the Board conslders our requirements and any speclallst skllls candidates may have, in accordance wllh current legislati detenIne{l by law. Candidates rnusl be nominated by exists'ng parties wlth the Board'3 agreement, in an 'ex-officlo' capacrty Iwrthout voting n9hts>. Organl$atlonal structure The board of tnjstees. which can have no less than three members, or one tenth of th8 membershlp, whlch8ver18 greater (but is nol sublecl to a maximum upper limill. is responsible ft)r the administration of the Gharity. The board and any subsequent sub commlttees thereof, meet regularly as required. The purpose of thes8 meelings is lo discuss th8 development of th8 charitable company, p8rsonnal issues. oparalional and financi81 matters. Managers have been appointed by the trustees to manage the day to day op8ralions of the charity. In order to facilitate 8ff8Ctlve operations. These managers have delegated authority (approved by the trusleesl for most operational Matters includkng finance. personnel. statislral information and vehide mainlenanGe. Page 2
COMMUNITY TRANSPORT (SWADLINCOTE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT- conllnu8d Inductlon and tralnlng of new Irustees Trustee induction and tralning is avallable to ensure Irustees understand their legal obligations under Charity i Company Law: Trustees are encouraged to attend Induction, so Ihey are faffliliar wth policies, procedures and w01ng practices. Trustees are aclively enCOurJed lo meet key employe88 and other truste8s and lo assist the charlty In bts obje¢lives at tlm8s other than meets'ngs. for example. ensunng that a Heallh and Safety policy is in place and adhered to. Related partle8 The charity has developed close working relatlon5hlps wlth several extemal bodle8'. Stsffordshire Counly Councll . Speclal Needs Contr8cl$ a provided on behalf of Staffordshlre County Councll. Derbyshire County Councll - Adult Care Contracts operated. Leiceslershiie County Council framework supplier (no contracls held al presenll Community Transport Assoclatlon and Moblllly Matters for Informallon and advlce. The charity shares a trust88 and It$ key management w.rth Erewa8h Communlty Transport. a Charitable company based in Ilkeslon which offers s8Nices simllar to those of Community Transport {Swadlincote). In March 2019. Erewash Communlty Transport purchased one thiid of the ordinary share capilal of Little Transport Lirniled, a company whlch carries out the malnlenance and repairs of the vehicle fleet of Community Transport Iswadlincole). All transactions are based at arm's leThJlh and prices are agreed with the man&Jement of Llttle Transport Limited. Rlsk managèmont The trusi8e3 recognise Ihat the key to effective risk manoment Is Ihe regular assessing, reviewing and rnonltoring of pollcles. procedures and systems. Trustees ensure a Risk Management system Is used to regularfy assess, id8ntlfy and control potential risk with fomal trustee only meetsngs held as required. The professSonal setvlces of an outside organlsation ar8 employed to 8n8ure compliance with Heatth & Safety and Employm8nt Law. REFERENCE AND ADMINISTRATNE DETAILS Roglsterod Company number 02889730 (England and Wales) R•gS8l•r•d Charlty number 1033035 Regl$tered offl¢• George Holmes Business Parf( Gèorge Holmes Way SWADLINCOTE Derbyshire DE1190F Trustee8 A M Jon8S S A Bambrick F C Phillips M C Coldicott Company Secretary A M Jon88 Independent Examln•r Johnson Tidsall Limited Chartered Accountants 81 Burton Road Dert)y Derbyshlra DE11TJ Page 3
COMMUNITY TRANSPORT {SWADLINCOTE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS- eontlnu•d Bankers Lloyds TS8 Burton-on-Trent Staffordshire Virgin Money 11 Smithy Row Nottingham NG13EJ Management Two Managers of Erewash Communhty Transport Llmil8d continue lo act as managers ol the scheme and have been delegated day lo day management by Trustees each having delegated authority to facilitate day lo day operations. Co-managors: Mrs Tina Appleby {Fhnan¢e) Ms Jackie Hrynczy8zyn {Personnel) Thls report ha$ been pr8pared In accordance wllh th8 Special provisions of Part 15 of the Companles Act 2006 relatlng to 8mall companie$. Approved by order of the boa of truslees on 11 December 2024 and slgned on its behalf by.. F C Phillip rustee Pag8 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COMMUNITY TRANSPORT (SWADLINCOTE) Indopendenl examlnérfs Mport to the trustees of Communlty Transport (Swadllncote) ('Ih¢ Company,) I report to the charity trustees on my examlnatlon of the a¢counls of the Company for the year ended 31 March 2024. Responslbllltles and ba$1$ of r•port As the charity's trustees of the Company (and also Its directors for the purposes of company lawl you are responsible for th8 pr8P8fdtion of th8 accounts in accordance with th8 requiremants of the Companies AGI 2006 (Ihe 2006 Acl,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for indeperKlent examination, I report In respect of my examination of your charity's accounts as carried out under Sectson 145 of the Charities Act 2011 ('the 2011 ACVI. In carrylng out my examinallon I have follow8d lh8 Directions given by the Charity Commission under Sactlon 145(5) (bl of the 2011 Act. Independent examlnerfg statèmént I hav8 completed my 8xamination. l Confirm that no matters have come to my attention in conneGtson wlth th8 examination giving me cause to believe in any material respect: accounting records were not k8Pt in r8SP8Ct of the Company as required by Sectlon 386 of the 2006 Act; or the accounts do not accord with those records. or the accounls do not Comply with th8 accountlng requlrements ol Seclion 396 of the 2006 Act other Ihan any requirement Ihal the accounts give a true and fair vlew which is nol a matter wnsidered as part of an independent examination: or Ihe acGounls have not been prepared In accordance wlth the methods 8nd principles of the Siatem8nt of Recommended Praclice for accounting and reporting by charities lappllcabla to charlliès preparlng their accounts In accordance with the Financial R8POrting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concarns and have comè across no othgr matters In conn8clion wilh the examination to whith attention should in thi5 report in order to 8nab18 a prop8r understanding of the accounts to be reached. Rlc 8rd Min Johnson Tldsall Limited Charter8d Accountants 818urton Road Derby Derbyshire DE1 1TJ Date: Page 5
COMMUNITY TRANSPORT (SWADLINCOTE) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Charltable actlvltles Communty transport 223,276 223,276 292.695 Other tradlng activlties Investment Income Othei income 6,466 14,710 6,460 14,710 7.271 4,915 1.070 Total EXPENDITURE ON Charllable acllvltles Community transport 232 157 NET INCOMEI(EXPENDITURE) 12,295 14,365) 7,930 65.388 RECONCILIATION OF FUNDS Total funds brought forward 948,689 133,911 1.082,600 1,017.212 TOTAL FUNDS CARRIED FORWARD 960 984 1090 $30 1,082 600 The notes fom part of Ihese financial statements Page 6
COMMUNITY TRANSPORT (SWADLINCOTE) BALANCE SHEET 31 MARCH 2024 2024 Total funds 2023 Total funds Unre51ricted funds Restri¢ted funds Notes FIXED ASSETS Tanglb18 assets 14 278,892 129,546 408,438 388,394 CURRENT ASSETS Deblors Cash at bank and in hand 15 48,499 665 185 48,499 665,185 47,165 658,254 713,684 713,684 705,419 CREDITORS Amounts falling due within one year 16 (31,5921 (31,592) (11,213) NET CURRENT ASSETS 682 092 694.206 TOTAL ASSETS LESS CURRENT LIABILITIES 960,984 129.548 1,090,530 1,082,600 NET ASSETS 1090 530 1082 600 FUNDS Unreslricled funds.. General fund Designated fund Rev8luatlon reserve 17 720,917 107,500 707,753 107,500 133,436 948,689 RestriGted funds 133911 TOTAL FUNDS 1090 530 1.082 600 The charltable company Is entltled to èxamplion from audit under selOn 477 of Ihe Companles Act 2006 for the year ended 31 March 2024. The members have nol requlred the company to oblain an audit of ils financial statements for the year ended 31 March 2024 in accordance wlth Section 476 of the Companies Act 2006. The trustees acknowledge their resrJ)nsibilrti8s for (a) ensurfng ihat the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companles Act 2006 and preparing financlal statements whlch give a true and fair view of the state of affalrs of the charliable company as al the end of eaGh financial year and of Its surplus or deficlt for each financial year in accordance with the requirements of Seclions 394 and 395 and which olhep*ise comply wilh the requirements of the Companies Act 2006 relating to financial statements, so far as appllcable to the charitab18 company. (b) These financial statements have b8en prepared in accordan¢e with th8 provlslons appllcable to charltable companlès subject to Ihe small companies. re9irne, The financial statements were approved by the Board of Trust8es and authorised for issue on 11 December 2024 and ware sned on its behalf by,. F C Philli The notes fonn part of these financial ststernents Page 7
COMMUNITY TRANSPORT (SWADLINCOTE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STATUTORY INFORMATION Community Transport (Swadlkncote) is a charitable company. registered in England arKI Wales. The charltable cornpanls reglstered company number, regslered charity number and registered office address can be found In the reference and admhislrative details of the Report of the Trustees. Th8 pr8seniation currency of Ihe finan¢h81 statement8 Is the Pound Sterling 1£). ACCOUNTING POLICIES Ba81s of preparlng tho flnanclal statements The financlal statements of the charilable company, which 18 a public benefil entity under FRS 102, hav8 b8en pr8par8d In accordance with Ihe Chariti8s SORP {FRS 1021 'Accounting and Reportin9 by Charities.. Sta18ment of R8comrnended Practicé applicable to ¢harilies pparIng their a¢¢ount$ in accordance with the Financial ReportiTr3 Standard appllcable in the UK and Republlc of Ireland {FRS 102) (effecllvo 1 January 20191,, Financial Reportiro Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slalements have been prepared under Ihe hisloriGal ccbsl Convention. as modlfled by the revaluatson of cerlain assets. Preparatlon of Iho accounts on a golng concarn ba818 The Charity has generated a surplus for the year. Management c1088ly monltors expenditure. and th8 maln in¢ome ol Ihe charity is secured by service contracts wlth local authorltles. The surpluses generated In recent years ha8 enabled the charity to maintain a good level of liquid funds. On this basis. Ihe ass8ssment of the truste8s b that thère are no concèrns vlth the preparatlon of the financial statements on a going concam bas18. The charltable company has tsken advantage of the following dbsdosure exemption ID preparing these financlal statements, a6 permltted by FRS 102 Th? Flnanclal Reporting Standard appllcable In the UK and Republlc of Ireland.: thè requlremenls of Section 7 Statement of Cash Flows. Incomo All incoming resources are Included in the Statement of Financlal Aclivilles (SOFA) when the charlty Is legally enlitled to the income after any perfomance conditions have been met. the amount can be meaSUd rellably, and it is probable that the income will be received. For donations to be r8cognl8ed th8 charlty wlll have b&8n notified of the amounts and th8 88ttlem8nt dale in writing. If there ale conditions attached lo the donation. and Ihis requires a level of perforniance b6fore entitlement can be obtained then income is deferred until Ihose conditn5 are fvlly met or Ihe fulfilrnent of those condillons withln the Gontrol of Ihe chanty, and it is probable that Ihey will be fulfilled. Income from trading activi1188 Includ8s Incoma èamed from govemmanl Bus Servlce Op8ralo¢s Grant in exchangè lor supplying services in the local area and income is recognised at fair value vthen the charlty has entitlemenl after any perfonnance conditions have been meL it 5s probable that the income will be recelved. and the amount can be measured reliably. Income Irom seThices provided for communlty transport In resp8Ct of contract hlre and group hire ar8 recognis when the services have been provided, the amount can be measured rallably. and it is probable that the Income wlll be recelved. Dobtors Trade debtors and other debtors are recognSsed at the Settlement amour)I due less any ijiscount. Prepayments are valued al Ihe amouni prepa. Page 8
COMMUNITY TRANSPORT (SWADLINCOTE) NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES. continued Expèndlture Llabilits'es are re¢ognised as expenditure as soon as there is a legal or constructive obligation committing ihe charity to that expenditure, it Is probable that a Iransfer of economic b8nefils will be required in settlement and the afflounl of the OblatiOn can be measured reliabty- Expenditure is accounted for on an accruals basis and has be8n classified undar hèadlngs that aggregala all cost ielated to the calegory. Where G¢)sts cannot be directly attributed to particular headhgs, they have been allocated to a¢lNities on a basis consistent with the use of resOUe5. Credltors Credltors are re¢o9nised ere the charity has a present oblgation resultlng from a past avent that wlll probably result In the transfer of funds to a third party and the amount due lo settle the obligation can be measured or ests'maled reliably. Credllors are recogn&sed al their settlement amount. Governance costs Expenditure on 9OV8manc8 costs of th8 charity Includes all exp8nditure not dlrectly ralatad to the charitsble actfvlty. This includes olfice expenses relating to accountancy, irKlependent examination and18gal fees. Allocallon and apportlonment of c08ts Support Gosts are those incurred In connection with the admlni8tration of the charfty. They have been wholly allocated to the charity's main activity of communty transport, Tanglble flxed assets Depreciation b provld8d at the follovAng annual rales in order lo wrlle off eath asset over ils estimaled useful life. Freehold propety Fixtures and fittlngs Motor vehlcles Computer equipm8nt 20A on Gost 25010 on reducing balance 25•/0 on reducing balance 25010 on cost Tangible flx8d as88t8 affj 81aled al ¢o$t or deemed c05t less aGcumulated depreciation. Cost includes costs dlrectly attdbulable to making the a88el Gapable of operating as intended. Land has not been depreciated, Taxatlon The charity is exempt from corporatlon tax on ils Chatable a¢tivitie8. Fund accountlng The charlty has both restricted and unrestrfcl8d funds. All funds are used to benefit and promote the charitable objects of th& charlty. Unrestricted funds are general funds which aro avallable for uso al the dlscretlon of the trusl8es in fijrtherance of the general objectives of the charity and whlch have nol been deslgnated for other purposes. Designated funds ¢omprl8e unre81ricted funds Ihat have been set aside by the Irustees lor specific purpos8S. RestrKted funds can only b8 US8d for partlcular reslrlcled purposes Wlthin the objects of th8 ¢haftty. Restrictions arlse when specified by the donor or when funds are raised for particular restrlcted purposes. Further exp18nalion of the nature and purpose of each fund is included in the notes lo the financial slatem8nls. Ponslon c08ts and other postwretlrnm•nt b•néllts The charftable company operates a defned contribution penSn schem8. Contrlbutions payable to the charliable company's p8nslon scheme ar8 ¢har9ed lo Ihe Stalement of Financial Aciivilies in the period to which they relate. Financlal Instruments Financial inslrumenls are classified and accounled for. according to tha substance of the conlrdctual arrangem8nt. as èither financial assets, financial Aabilit18s or 8quity Aistruments. An equity instrument Is any contract that evid8nc8s a resldual intaresl in the assets of the company after deducting all of its liabililies. Page 9
COMMUNITY TRANSPORT (SWADLINCOTE) NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 OTHER TRADING ACTIVITIES 2024 2023 8us SeNlce Opardtofs grant 6,486 7.271 INVESTMENT INCOME 2024 2023 Deposit account interest IKOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Communty transport Community transport Corlract hire Gro hire 197,881 272,108 223 276 292 695 OTHER INCOME 2024 2023 Gain on sale of tangible fixed assets 1,070 CHARITABLE AcnviTIES COSTS Dlr8Ct Costs {888 note 8> Support costs (see nole 9) Totals Communlty Iran8POrt 194 319 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Staff costg Advertising Vehicle operating costs Depreciation Loss on sale of assets 109,553 1,411 81,722 21,212 421 112.988 66,769 21,575 194319 201330 Page 10
COMMUNITY TRANSPORT (SWADLINCOTE) NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Govemance costs Management Totals Community transport Support costs, included in the above. are as ft)Ilovts'. Managèm8nt 2024 Comfflunlty transport 2023 Total aclivilies Wages Rates and water Insurance Light and heat Compul8r Travelling Advertlsing Sundri8S Repairs and renewals Bank charges Tèlephonè and stationery Legal and profasslonal 22,533 1.674 670 2,535 3,109 1,300 20,684 1,779 631 2,000 3,293 90 650 1,312 188 400 227 783 198 180 3,340 Gov•rnance costs 2024 Communlty transport 2023 Total acllvllles Accountancy and legal fees Independent examination 1,854 1,477 10. NET INCOMEI{EXPENDITURE) Nel Income48XP8nditure} is slated after charg91{CredIting)'. 2024 2023 Oepr8clation - owned assets (DeficilllsuTplus on disposal of fixed assets Independent examinallon 21,212 421 21,575 (1,070) Page11
COMMUNITY TRANSPORT (SWADLINCOTE) NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2024 11. TRUSTEES. REMUNERATION AND BENEFITS Ther8 w8r8 no trustees. r8mun8ratlon or other benefits for the year end8d 31 March 2024 nor for the year ended 31 March 2023. TrustOQS' oxpenses There were no trustees, expenses paid for the year ended 31 Maich 2024 nor for the year ended 31 Marth 2023. 12. STAFF COSTS 2024 2023 Wages and salaries Olher pension cosls 131,586 500 133,174 496 132086 133.670 The average monthly number of employ88s during the year was as follows., 2024 12 2023 13 Drivers and escorts Admlnlstrallve staff 13 14 No employees received emoluments In excess of £60,000. The full tlme èqulv8lenl of staff numbers Is estimated as.. drlvers and e8COrts 812023.91, administration 112023.. 1). K•y manag•m•nt p•r80nnel Key management personnel are Mrs Tlna Appleby and her 8UPPOrt staff all of whl¢h are employed by Erewa8h Communty Transport. A monthly managemenl charge, based on time allocation, totalling £18,506 for the year 12023.. £5,150) has beèn rechafg8d to Communlty Transport (Swadllncole). 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES UnTeslri¢ted funds R88lrlcted funds Total funds INCOME AND ENDOWMENTS FROM Charltablo actlvltle8 Community Iransport 292,695 292,695 Other tradlng actlvlties Investrnenl income Other income 7,271 4.915 7,271 4,915 1,070 Total 305,951 305 951 EXPENDITURE ON Charitable activiti08 Community Iransport 236.429 4,134 NET INCOMEI(EXPENDITURE) 69,522 (4.134) 65.388 Page 12
COMMUNITY TRANSPORT (SWADLINCOTE) NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31 MARCH 2024 13. COIIIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - conllnued Unrèstricted funds R8Stricl8d lunds Tot81 funds RECONCILIATION OF FUNDS Total funds brought forward 879.167 138.045 1,017,212 TOTAL FUNDS CARRIED FORWARD 948,689 133,911 1082,600 14. TANGIBLE FIXED ASSETS Fixtures and fittlngs Freehold propety Motor vehi¢le8 Computer equipment Tolal8 COST Al l Apnl 2023 Addltions Disposals 395,000 31,858 307,730 41,677 7,228 741,814 41,677 57 197) 12,368) At 31 March 2024 395 000 304 578 728 094 DEPRECIATION At 1 Aprll 2023 Charge for year Eliminaled on disposal 52.187 6,294 31,411 106 262,859 14,579 6,763 233 353,220 21,212 56 776 At 31 March 2024 233 030 6,996 317,658 NET BOOK VALUE At 31 March 2024 336 519 139 232 Al 31 March 2023 342 813 245 465 388 394 Included In cost or valuatlon of land and bulldlngs Is freehold land of £80,314 (2023 £80.3141 which is not depreciated. The valualion of the freehold property was made by professional valuefs, on an open market basis, as at 17 December 2014. Freehold propertles were slated at valuatson to 31 March 2016. Under FRS 102 the Irustees have 818Cted to apply deemed cost. On a hlstorical Gost b8Si$, the propety would have been Included at an original nel b¢k value of £202.212 {2023 - £207,638). 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trad8 d8btor8 Other debtors VAT Pr8payments 34,499 6,466 5,830 39,087 3.376 2,434 2,268 48.499 47,165 Pag8 13
COMMUNITY TRANSPORT {SWADLINCOTE) NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 16. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Trade ¢reditors Social security and other tsxes Other creditors Accruals and deferred income 25,960 776 86 4,770 5,694 1.224 17. MOVEMENT IN FUNDS Nel movem8nt in funds Transfers belwe8n funds At 3113124 At 114123 Unrestrlctod funds General fund 08gnald fund Revalualion reserve 707,7S3 107,500 12,295 889 720,917 107.500 132 567 869) 948,689 12,295 960,984 Rostrlctod funds Property fund Action grant 133,680 231 (4,134) 129,546 13 TOTAL FUNDS 1090 $30 Net movement in lunds, included in the above are 88 follow8: Incoming resources R8sourc88 expended Movemenl In funds Unr•8trlcl•d funds General fund 244,452 (232,1571 12,295 Re8lrlcled fund• Propety fund Actlon grant {4,1341 14,134) TOTAL FUNDS 244.452 236 522} Pag8 14
COMMUNITY TRANSPORT (SWADLINCOTE) NOTES TO THE FINANCIAL STATEMENTS- continuod FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS- conlinuod Comparatlv•$ for movomont In funds Net movernent in funds Transfers belween funds At 3113123 At 114122 Unrestrlctod funds General fund Deslgnated fund Revaluation reseNe 637,363 107,500 134,304 69,522 707,753 107,500 133,436 868) 879,167 69,522 948,689 R•8trlcted fund8 Property fund Adion grant 137,814 231 (4,134) 133,680 231 138,045 4,134) 133,911 TOTAL FUNDS 1,017212 1082,600 Comparative net movement In funds, included in the above are as follows.. Incoming resources Resource8 expended Movement In funds Unr•strlctod funds G8n8ral fund 305,951 (236,429> 89,522 Restrlctod funds Property fund (4,134) 14,134) TOTAL FUNDS 305 951 240.563) 65,388 D•slonat•d fund8: The designated fund comprfses £50.000 for a conllngency fund with the balance repSentIng funds retained towards vehlcle iepl8cem8nt. R•8trlcted funds: The property fund represents 8 grant recelved from the National Lotterles Board thich was used lo flnance the construGIK)n of new premlsos. A¢tion grant was received from Derbyshke County Councll io help the chaTIty with its future strategies. Transfers b8twé•n fund8 During the year a transfer was made as follows.. £869 was transferred from Ihe revaluation reseNe to general reserves being the excess depreclalion charge on the revalued amount of freehold property over the historic depreciats'on tharge. Page 15
COMMUNITY TRANSPORT (SWADLINCOTE) NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 18. EMPLOYEE BENEFIT OBLIGATIONS The lolal contrlbutlon pald to Parsonal Pension Plans in Ihe year for certain employees amounted to £500 (2023: £496). 19. OTHER FINANCIAL COMMITMENTS As at 31 March 2024 the charitable company had financial commitments payable In ona year of £g60 (2023.. £960). 20. RELATED PARTY DISCLOSURES The Charity shares a trusiee and it8 key management with Erewash Community Transport Limited, a charitable company based in Ilk8Ston which off8rs seNlc8s simllar to thosè of Community Transport {SwadlinGole). In March 2019. Erawa$h Community Transport purchased one Ihird of th8 ordlnary share capltal of Llttle Transport Limlted, a company which Carries out the mainlenance and repairs of the vehicle Ileet of Community Transport (Swadlincoie). All transactlons ar8 based at arm's length and pri¢e8 are agreed with the management of Little Transport Lirniled. Vehicle Ileel maintenance costs charged by Little Transport Limlted In the year ended 31 March 2024 amounted to £31,73912023.' £35,222)- Page 16