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2021-03-31-accounts

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BAKEWELL AND EYAM COMMUNITY TRANSPORT COMPANY LIMITED BY GUARANTEE

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2021

CHARITY NUMBER: 1049389 COMPANY REGISTERED NUMBER: 03098593

ALLEN, WEST, AND FOSTER

CHARTERED ACCOUNTANTS Travel House Buxton Road Bakewell DE45 1BZ

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BAKEWELL AND EYAM COMMUNITY TRANSPORT
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COMPANY LIMITED BY GUARANTEE
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CONTENTS OF THE FINANCIAL STATEMENTS
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FOR THE YEAR ENDED 31ST MARCH 2021
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||||||||||| |---|---|---|---|---|---|---|---|---|---| |CONTENTS|PAGE| |_|Trustees’|annual|report|(incorporating|the|Director's|Report)|1to3| |Independent|Examiner's|Report|4| |Statement(Includingof|FinancialincomeActivities and|expenditure|account)|.|,|5| ||| |Statement|of|Financial|Position|6|to|7| |Notes|to|the|Financial|Statements|8|to|21| |The|following|pages|do|not form|part|of the|financial|statements|,| |Detailed|statement|of financial|activities|22|to|24|

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BAKEWELL AND EYAM COMMUNITY TRANSPORT

COMPANY LIMITED BY GUARANTEE

TRUSTEES’ ANNUAL REPORT (incorporating the Director’s Report)

. FOR THE YEAR ENDED 31ST MARCH 2021

The trustees, who are also directors of Bakewell and Eyam The trustees, who are also directors of Bakewell and Eyam Community Transport, hereinafter known as the Charity,
for the purposes of company law, present their report with the unaudited financial statements of the Charity for the
yearended 31st March 2021. .
Reference and administrative details
REGISTERED CHARITYNAME Bakewell and Eyam Community Transport
COMPANY REGISTRATION NUMBER 03098593
CHARITY REGISTRATION NUMBER 01049389
DIRECTORS ANDTRUSTEES W Kirkland
P O’Brien
C Bartle
B Lomas
JATwigg Resigned 30August2021
D W Monks
CJWebster Vice Chair
BE Ely
P Barker Secretary
PRINCIPALAND REGISTERED OFFICE Unit 4
Longstone Business Park
Great Longstone
Bakewell
Derbyshire
DE45 1TD
INDEPENDENT EXAMINER Stephen Allen, FCA
Allen, West and Foster
Chartered Accountants
Travel House
Buxton Road
Bakewell :
DE451BZ

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i BAKEWELL AND EYAM COMMUNITY TRANSPORT COMPANY LIMITED BY GUARANTEE TRUSTEES’ ANNUAL REPORT (incorporating the Director’s Report) FOR THE YEAR ENDED 31ST MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity is a charitable company limited by guarantee and is governed by its Memorandum & Articles of Association incorporated on 5th September 1995. The Charity has a Council of Management who are responsible for its governance. One third (by length of service) of trustees retire each year but are eligible for re-election. The trustees may appoint additional members to fill vacancies or to bring additional skills and experience to the Council. Council Meetings are usually held monthly. Trustees are elected on the basis that they have appropriate skills and knowledge and understand the responsibilities of charity trustees. To that end, there is an Induction Programme which aims to provide information about the nature and work of the Charity and its methods of operation. Trustees are encouraged to attend training courses to support and enhance their role. oO

The trustees delegate a large amount of day-to-day decision-making and operational detail to the paid staff, and to the General Manager, who report regularly to the Chairman and the Council of Management. Decisions which affect fundamental policy or carry significant financial implications will always be the responsibility of the Council of Management.

Health & Safety

The trustees have adopted a rigorous Health and Safety Policy and Code of Practice supported by Croner “Bright Safe”. This policy is reviewed regularly.

Equal Opportunities

The trustees have adopted the following Policy Statement: “The aim of the Charity is to ensure that no job applicant or employee is discriminated against either directly or indirectly on grounds of race, colour, creed, nationality, ethnic or national origin, religious belief, political opinion or affiliation, sex, marital status, sexual orientation or disability.

Risk Management

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The trustees, with advice, have assessed the risks to which the Charity or its staff and volunteers might be exposed, and have taken steps to ensure that those risks are minimised, that systems are in place to mitigate them, and that they are kept under review. At operational level, risks are minimised by regular training and familiarisation courses, some provided in-house, and some bought in from professional trainers. More fundamental business risks are assessed as part of the Reserves Policy which the Charity has established, and which is reviewed annually.

OBJECTIVES AND ACTIVITIES

“The Charity’s vision is to offer caring, safe, flexible and efficient transport for people of all ages in its area of operation who are disadvantaged by location, need, personal circumstance or social deprivation; to encourage and facilitate voluntary participation in community activities; and to help to sustain and develop local economies and social integration.” The Charity’s primary objective, as stated in the Memorandum & Articles of Association, is “to establish and maintain, on a non-profit making basis, a community transport scheme for the benefit of the communities with Derbyshire.” That objective is pursued in the following ways:

i. We provide door to door transport for elderly and disabled people who cannot easily use ordinary buses or scheduled services.

ii. We operate services for villages and isolated settlements which have no or minimal public transport.

vi. We make use, in both management and operations, of volunteer time, skill and enthusiasm.

The trustees have had due regard to guidance published by the Charity Commission including public benefit guidance and believe that they have therefore complied with the duty in section 4 of the Charities Act 2011.

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BAKEWELL AND EYAM COMMUNITY TRANSPORT

COMPANY LIMITED BY GUARANTEE

TRUSTEES’ ANNUAL REPORT (incorporating the Director’s Report)

FOR THE YEAR ENDED 31ST MARCH 2021

ACHIEVEMENTS AND PERFORMANCE

The work of the Charity during 2020-21 is described in the more detailed information which forms the further pages of this Annual Report.

FINANCIAL REVIEW

During the very difficult Covid-19 pandemic, Derbyshire County Council enabled the Charity to retain a high percentage of its contract service income despite, for a time during national lockdown, the adult education and day care centres that they serve, being closed. This enabled BECT not to join the national Coronavirus Job Retention Scheme and to maintain staff income at pre-pandemic levels.

After the first national lockdown health related journeys were delivered on buses and the charity delivered free transport to those needing Covid 19 vaccinations. Grant funding for health-related journeys was maintained at £15000 with Local Government Covid-19 business support grants being awarded to the charity bookshop, BookEnd, of £19669. The Duke of Devonshire Trust awarded £1994 for the purchase of a bariatric wheelchair and support for our Café Club trips which will be carried forward into 2021-22.

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Reduction of running costs due to the pandemic and social distancing safety measures having a great impact on the nature of services we were able to run during the year led to the resultant surplus which will be ploughed back into subsidising the provision of charitable services such as our Freedom Tours, Café, and Sunday lunch clubs over the next couple of years.

RESERVES POLICY AND GOING CONCERN

Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency repairs and other expenditure. The trustees consider that the ideal minimum level of reserves as at 31st March 2021 would be £250,000 (2020: £250,000), which would cover the worst risks as identified by the trustees. On 31st March 2021, total funds stood at £849,382 (2020: £776,580) which free reserves, being the total of unrestricted reserves not represented by fixed assets, totalled £776,281 (2020: £691,455).

FUTURE PLANS

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  1. To develop supported transport which will address rural isolation and social exclusion of those unable to utilise more traditional forms of transport.

  2. To continue to strengthen further the Charity's ability to provide efficient and accessible transport services to local communities in the Bakewell and Eyam operating area which includes the High Peak and Derbyshire Dales. 3. To further integrate the CTX Transport Management Software.

  3. To promote our services more effectively within the areas of operation.

SMALL COMPANIES PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small company's exemption.

The trustees’ annual report was approved on 26" October 2021 and signed on its behalf of the board by

hb APanar

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Mrs P Barker Secretary

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BAKEWELL AND EYAM COMMUNITY TRANSPORT COMPANY LIMITED BY GUARANTEE

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021

| report on the financial statements of the Charity for the year ended 31st March 2021, set out on pages 5 to 20.

Respective responsibilities of directors and reporting accountants

The trustees, who are also the directors of the Charity for the purposes of company law, are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011, the 2011 Act, and that an independent examination is needed.

The Charity's gross income exceeded £25,000 but did not exceed £1,000,000 and | am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.

Having satisfied myself that the Charity is not subject to audit under company law, and is eligible for independent examination, it is my responsibility:

i) to examine the financial statements under section 145 of the 2011 Act.

ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act: and ili) to state whether matters have come to my attention

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’, and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

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In connection with my examination, no material matters have come to my attention

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.

Bakewell FOSTER 16 October 2021 .

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Stephen Allen FCA
Chartered Accountant
For and on behalf of
ALLEN, WEST, AND
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BAKEWELL AND EYAM COMMUNITY TRANSPORT

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES (Including income and expenditure account) FOR THE YEAR ENDED 31ST MARCH 2021

SUMMARY INCOME AND EXPENDITURE ACCOUNT

Note Unrestricted
Funds		 Restricted
Funds		 2021
Total		 2020
Total
£ £ £ £
INCOMING RESOURCES
Donationsand legacies 5 9,608 0 9,608 24,105
Charitable activities
Grantsand subsidies
Fares and affiliations		 8
8		 43,097
487,607		 1,406
-		 44,503
487,607		 26,057
424,414
Othertrading activities om 2,305 - 2,305 72,772
Investment income 7 625 - 625 1,041
Other income 9 660 - 660 8,437
Total incoming resources 543,902 1,406 545,308 556,826
RESOURCES EXPENDED
Costs ofgenerating funds
Costs of raising funds 10 581 - 581 3,923
Charitable activities 11, 12, 13
Community Transport Services 458,495 13,430 471,925 569,630
Total resources expended 2 459,076 13,430 472,506 573,553
Net gains/(losses) on investments - - - -
Netincome 84,826 (12,024) 72,802 (16,727) -
Transfer between funds - - - -
Netmovementinfunds 84,286 (12,024) 72,802 (16,727)
Reconciliation offunds
Total funds brought forward 691,455 85,125 776,580 793,307
Totalfundscarriedforward £776,281 £73,101 £849,382 £776,580

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

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BAKEWELL AND EYAM COMMUNITY TRANSPORT

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

AS AT 31ST MARCH 2021

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |2021|2020| |Note|£|£| |FIXED|ASSETS| |Tangible|assets|.|17|212,564|271,427| |)|212,564|271,427| |CURRENT ASSETS| |.| |Debtors;|amounts|falling|due|within| |one year|18|76,818|87,352| |Stock|100|100| |Cash|at|bank|and|in|hand|574,531|453,250| |651,449|540,702| ||| |CREDITORS| |Amounts|falling|due|within|one|year|—|19|(14,631)|(35,549)| |NET CURRENT ASSETS|636,818|505,153| |TOTAL ASSETS|LESS CURRENT|LIABILITIES|849,382|776,580| |CREDITORS| |Amounts|falling|due|after more|than| |one|year|0|0| |NET ASSETS|849,382|£776,580|;| |FUNDS|OF|THE|CHARITY|21| |Unrestricted|Funds|776,281|691,455| |Restricted|Funds|;|73,101|85,125| |TOTAL FUNDS|849,382|£776,580|

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For the year ending 31st March 2021, the Charity was entitled to exemption from audit under section 477 of the Companies Act 2005 relating to small companies.

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BAKEWELL AND EYAM COMMUNITY TRANSPORT

COMPANY LIMITED BY GUARANTEE

; STATEMENT OF FINANCIAL POSITION

FOR THE YEAR ENDED 31ST MARCH 2021

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Director’s responsibllities:

The trustees/members have not required the Charity to obtain an audit of its financial statements of the year in question in accordance with section 476: o

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 26" October 2021 and are signed on behalf of the board by:

Mrs P Barker

Secretary

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BAKEWELL AND EYAM COMMUNITY TRANSPORT COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2021

  1. GENERAL INFORMATION

The Charity is 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 Unit 4, Great Longstone Business Park, Great Longstone, Bakewell, Derbyshire, DE45 1TD.

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  1. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS102, ‘The Financial Reporting Standard applicable to 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 (FRS102) (Charities SORP (FRS102))and the Charities Act 2011.

  1. 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 have been prepared in sterling, which is the functional currency of the Charity.

Judgements in applying accounting policies and key source of estimation

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 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.

Incoming resources

All income is recognised in the Statement of Financial Activities (SOFA) once the Charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.

Donations and grants are credited to the SOFA as they become due.

Legacy income is recognised when the receipt is probable, and entitlement is established.

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Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

Community transport service income is credited te the SOFA to allocate a proportion of profits on as straightline basis over the period of the service. ,

No amount is included in the financial statements for volunteer time in line with the SORP (FRS102).

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  1. ACCOUNTING POLICIES — continued

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BAKEWELL AND EYAM COMMUNITY TRANSPORT

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2021

Resources expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to headings, they have been allocated to activities on a basis consistent with the use of resources. ,

Expenditure includes any VAT which cannot be fully recovered and is included within the costs of activities.

Charitable expenditure and the costs of generating funds comprise direct expenditure including direct staff costs attributable to the activity. Where costs cannot be directly attributed, including administration or support costs, they have been allocated to activities on a basis consistent with use of the resource.

Support costs are those that assist the work of the Charity but do not directly represent charitable activities and include office costs, governance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects of the Charity. Where support costs cannot be directly attributed to headings, they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with the use of the resource.

Redundancy and termination expenses are recognised when the Charity is demonstrably committed to terminating an employee's contract of employment.

Depreciation

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

Freehold property - improvements to property are written off over the life of the lease Motor vehicle - motor vehicles are written off at 10% on cost Equipment - office equipment is written off at 25% on cost

Individual assets costing £1,000 or more are capitalised at cost.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost over the expected useful economic life.

Assets are capitalised as the Charity commits to make the purchase; however, depreciation is not applied until the assets come into use.

Donated items are recorded in the appropriate asset register.

The assets residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

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BAKEWELL AND EYAM COMMUNITY TRANSPORT

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COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2021

4, LIMITED BY GUARANTEE

The Charity is a charitable company limited by guarantee.

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|||||| |---|---|---|---|---| |5.|DONATIONS|AND|LEGACIES| |2021|2020| |£|£| |Donations|and|gifts|9,608|24,105| |9,608|24,105| |6.|OTHER TRADING|ACTIVITIES| |2021|2020| |£|£| |Fundraising|events|2,305|72,772|

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|||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Income|from|other|trading|activities|was|£2,305|(2020:|£72,772)|of|which|all|(2020:|£72,772)|was| |unrestricted.| |7.|INVESTMENT|INCOME| |2021|2020| |£|£| |UK|bank|interest|625|1,041|

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Income from investments was £625 (2020: £1,041) of which all (2020: £1,041) was unrestricted.

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BAKEWELL AND EYAM COMMUNITY TRANSPORT

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2021

8. INCOME FROM CHARITABLE ACTIVITIES

Grants and Grants and Fares Fares and and
- Subsidies Affiliations 2021 2020
£ £ £ £
Grants received 44,503 - 44,503 26,057
Fares received - 487,607 487,607 424,414
£ 44,503 £ 487,607 £532,110 £450,471
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Income from fares was£487,607 (2020: £424,414) ofwhich all (2020: £424,414) was unrestricted.
Grantsand subsidies received, included in theabove, areasfollows:
Unrestricted Restricted
funds fund , 2021 2020
£ £ £ £
Bus services operators
grant (operating costs) 6,054 - 6,054 5,402
DCC for training - - 0 6,557
J Twigg forremote ITworking - 1,406 1,406 -
Connex 15,380 - 15,380 14,098
DDDC Covid 19 related grants 19,669 - 19,669 -
Café Club 1,994 - 1,994 -
£43,097 £1,406 £44,503 £26,057

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BAKEWELL AND EYAM COMMUNITY TRANSPORT

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2021

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|||||||||| |---|---|---|---|---|---|---|---|---| |9.|OTHER|INCOME| |2021|2020| |£|£| |(Loss)/Gain|on|sale|of tangible|fixed|assets|660|8,437| |£660|£8,437| |Other|income was £660|(2020:|££8,437)|of which|all|(2020:|£8,437 was|unrestricted.| |10.|RAISING|OF|FUNDS| |2021|2020| |£|£| |Staff cost|424|©|2,780| |Purchases|of|books|for|resale|157|1,143| |£581|£3,923| |All|the|above|costs were|unrestricted|(2020:|£3,923).|

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11. CHARITABLE ACTIVITIES COSTS

Community transport

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|||||| |---|---|---|---|---| |Direct costs|Support|costs|Totals| |(See|note|12) (see|note|13)| |£| |£352,632|£118,993|£ 471,925|

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BAKEWELL AND EYAM COMMUNITY TRANSPORT

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2021

12. DIRECT COSTS OF CHARITABLE ACTIVITIES

DIRECT COSTS OF CHARITABLE ACTIVITIES
2021 2020
£ £
Staffcost 227,643 268,129
Vehicle running costs 120,600 179,109
Travel costs 0 2,885
Volunteerexpenses 4,389 12,862
£352,632 £462,985

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£351,226 (2020: £450,960) of the above costs were unrestricted and £1,406 (2020: £12,025) were restricted.

  1. SUPPORT COSTS
Management Governance Total
£ £ £
Community transport 115,018 3,975 118,993

£106,968 (2020: £64,578) of the above costs were unrestricted, £12,025 (2020: £42,067) were restricted,

Support costs, included in the above, are as follows:

Management

Management
2021 2020
Wages 31,146 31,146
Premises cost 40,875 25,620
Office costs 16,997 17,606
Operating leases— land and buildings 26,000 26,000
£115,018 £100,372

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BAKEWELL AND EYAM COMMUNITY TRANSPORT

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

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FOR YEAR ENDED 31ST MARCH 2021

  1. SUPPORT COSTS - continued
13. SUPPORT COSTSCOSTS - continuedcontinued .
Governance
2021 2020
£ £
Lega! and professional fees 35 4
Accountants/auditors remuneration 3,940 3,335
Trustees’ insurance 0 2,934
£3,975 £6,273
14. NETINCOME/(EXPENDITURE)
Net income/(expenditure) is stated aftercharging/(crediting):
2021 2020
£ £
Accountants/auditors remuneration 3,940 3,335
Depreciation —owned assets 58,024 58,539
and finance leases
(Surplus)/Deficiton disposal offixed assets (660) (8,437)
Operating leases— land and buildings 26,000 26,000
£87,304 £79,437

15. TRUSTEES REMUNERATION AND BENEFITS

No trustees received any remuneration for their services.

In accordance with normal commercial practice, the Charity has purchased insurance to protect trustees and officers from claims arising from negligent acts, errors or omissions occurring whilst on charity business. The insurance provides cover up to £1,000,000 on any one claim and the cost for the period ended 31st March 2021 was £0 (2020: £2,934). The cost of this insurance is included within the total insurance costs.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31st March 2021 nor the prior year.

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BAKEWELL AND EYAM COMMUNITY TRANSPORT
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COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

FOR YEAR ENDED 31ST MARCH 2021

16. STAFF COSTS
2021 2020
£ . £
Wagesand salaries 250,481 259,005
Social security costs 5,738 5,986
Pension costs 2,994 3,138
£259,213 £268,129
The average monthly number ofemployees during the yearwasas follows:
Average numberofemployees 35 -
44
The above numbers include full and parttime staff. The full-time equivalent average
numbers are 12 (2020: 15).
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No employees received emoluments more than £60,000 during the year.
The total amount ofemployee benefits received by key management personnel is£31,146 (2020: £31,146).
The Charity considers its key management personnel comprise thosewho are making day-to-day delegated
executive decisions.
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Total redundancy payments amountto £0 (2020: £4,435).
17. TANGIBLE FIXED ASSETS
Improvements
To property		 Motor
vehicles		 Office
equipment		 Total
£ £ £ £
COST ;
On 1* April 2020 126,352 664,516 89,826 880,694
Additions
Disposals		 -
-		 0
(1,200)		 -
-		 0
(1,200)
On 31st March 2021 £126,352 £663,316 £89,826 £879,494
DEPRECIATION
On 1* April 2020 102,590 418,389 . 88,287 609,266
Charge foryear
Eliminated on disposal		 10,529
-		 46,034
(360)		 1,461
-		 58,024
(360)
On 31stMarch 2021 £113,119 £464,063 £89,748 £666,930
NETBOOKVALUE
On 31st March 2021 £ 13,233 £ 199,253 £78 £ 212,564
On31%March2020 £23,762 £246,127 £1,539 £271,428

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BAKEWELL AND EYAM COMMUNITY TRANSPORT

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

- FOR YEAR ENDED 31ST MARCH 2021

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18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£ £
Trade debtors 42,620 36,705
Otherdebtors 7,725 21,350
Prepayments
;		 26,473 29,297
£76,818 £87,352
19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONEYEAR
2021 2020
£ £
Trade creditors 7,966 27,728
Accruals 6,665 7,821
£14,631 £35,549

20. | LEASING AGREEMENTS

The following operating lease payments are committed to be paid:

Land and buildings Other operating leases
2021 2020 2021 2020
£ E £ £
Expiring:
Within one year 26,000 26,000 - -
Between oneand fiveyears
In more than fiveyears		 , 104,000 104,000
-		 - -
-
£130,000 £130,000 £- £- -°

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BAKEWELL AND EYAM COMMUNITY TRANSPORT

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

FOR YEAR ENDED 31ST MARCH 2021

21. MOVEMENT IN FUNDS

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |As|of|1|April,|Net movement|Transfers|As|of 31|March| |2020|Infunds|between|funds|2021| |£|£|£|£| |.| |Unrestricted|funds| |General|fund|691,455|84,826|-|776,281| |Restricted|funds|.|)| |Restricted|fixed|assets|85,125|(12,024)|-|73,101| |TOTAL|FUNDS|£776,580|72,802|-|£849,382| |Net movement|in|funds,|included|in|the|above|are|as|follows:| |Incoming|Resources|Gains and|Movement|_| |Resources|expended|losses|In|funds| |£|£|£|£| |Unrestricted|funds| |General|funds|543,902|(459,076)|-|84,826| |Restricted|funds|1,406|(1,406)| |Restricted|voluntary|income|0|0|-|0| |Restricted|fixed|assets|0|(12,024)|-|(12,024)| |TOTAL FUNDS|£545,308|(£472,506)|-|£72,802|

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The statement of funds note above is for various projects, all of which are used to provide community transport in Bakewell and the surrounding areas.

20

BAKEWELL AND EYAM COMMUNITY TRANSPORT

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

FOR YEAR ENDED 31ST MARCH 2021

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  1. PENSION COMMITMENTS

;

The principal employee benefit, as operated by the Charity, is that of an Auto Enrolment scheme. The assets of the scheme are administered by trustees in a fund independent from those of the Charity. The pension cost charge for the year was £2,994 (2020: £3,138).

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23. RELATED PARTY DISCLOSURES

None.

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24. ULTIMATE CONTROLLING PARTY

The Charity has no single controlling party.

25. LIMITED BY GUARANTEE

The Charity is a company limited by guarantee. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity.

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21

7

BAKEWELL AND EYAM COMMUNITY TRANSPORT

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COMPANY LIMITED BY GUARANTEE

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NOTES TO THE FINANCIAL STATEMENTS

FOR YEAR ENDED 31ST MARCH 2021

THE FOLLOWING PAGES FORM NO PART OF THE STATUTORY FINANCIAL STATEMENTS

22

BAKEWELL AND EYAM COMMUNITY TRANSPORT

COMPANY LIMITED BY GUARANTEE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

. .

;

FOR YEAR ENDED 31ST MARCH 2021

2021 2020
£ £
Income and endowments
Donations and legacies
Donations . 9608 24,105
9,608 24,105
Charitable activities
Fare and affiliations 487,607 424,414
Grants & subsidies 44,503 26,057
532,110 450,471
Othertrading activities
Fundraising activities : 2,305 72,772
Investment income
Bank interest receivable 625 4,041
Other income
Gain on disposal of tangible fixed assets held
forthe Charity’s own use 660 8,437
Totalincome £545,308 £556,826

23°

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BAKEWELL AND EYAM COMMUNITY TRANSPORT

COMPANY LIMITED BY GUARANTEE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES (continued)

FOR YEAR ENDED 31ST MARCH 2021

. }

2021 2020
£ £
Expenditure
Costs of raising donations and legacies
Wagesand salaries 424 2,780
Purchase of books for resale 157 1,143
581 3,923
Expenditure on charitable activities
Wages and salaries 258,789 265,349
Operating leases 26,000 26,000
Premises
Insurance		 24,695
1,495		 25,620
3,806
Vehicle running costs 120,600 179,109
Othertravel costs 0 2,885
Legal and professional fees 3,975 3,339
Other costs 31,982 50,660
Volunteers’ expenses 4,389 12,862
.
471,925 569,630
Total expenditure £472,506 £573,553
Net losses on investments
Gains/(losses) on disposal ofinvestment property ~ -
Netincome £72,802 (£16,727)

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24

BAKEWELL AND EYAM COMMUNITY TRANSPORT

COMPANY LIMITED BY GUARANTEE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES (continued)

FOR YEAR ENDED 31ST MARCH 2021

2021 2020
£ ; £
Costs of raising donations and legacies
Donations
Wages and salaries 424
Purchase ofbooks for resale 157 1,143
Costs of raising donations and legacies 581 3,923
Expenditureon charitable activities
Wagesand salaries 227,643 234,203
Vehicle running costs 120,600 179,109
Other travel costs 0 2,885
Volunteers’ expenses 4,389 12,862
352,632 429,059
Support costs
Wages and salaries 31,146 31,146
Operating leases 26,000 26,000
Premises 26,190 25,620
Other costs 31,982 51,532
115,318 134,298
Governance costs
Trustees’ insurance 0 2,934
Accountancy fees 3,940 - 3,335
Legal and other professional fees 35 -
4
3,975 6,273
Expenditureoncharitableactivities £472,506 £573,553