COMPANY REGISTRATION NUMBER: 03098593 CHARITY REGISTRATION NUMBER: 1049389 Bakewell & Eyam Community Transport Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 ALLEN, WEST AND FOSTER Chartered accountants Travel House Buxton Road Bakewell Derbyshire DE45 1 BZ
Bakewell Eyarn om¥nunity Trarisport Limited Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the directorfs report) Statement of financial activities (including income and expenditure account) Statement of financial position 10 Notes to the financial statements 12
ewell Eyarn Coinmunily Transport Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of company law, present their reporl and the unaudited financial statements of the charity for the year ended 31 March 2024. Reference and admlnistrative details Registered charity name Bakewell & Eyam Community Transport Limited Charity registration number 1049389 Company registration number 03098593 Principal office and registered Unit 4, Longstone Business Park office Great Longstone Bakewell DE45 1TD The trustees MSBEEIY Mr B Lomas Ms N J Loveday Ms E P L Mallowan Mr P O'Brien Ms R Olle Ms D L Peach (Chair) Ms M J Rae-smith MrRMWyse Ms P A Barker (Secretary) Mr J A Cotterill Mr W Kirkland Mr A Sutton (Appointed 31 March 2024) (Appointed 31 March 2024) (Resigned 1 August 2023) (Resigned 25 October 2023) (Resigned 23 May 2023) (Resigned 23 May 2023) Accountant Allen, West and Foster Chartered accountants Travel House Buxton Road Bakewell Derbyshire DE45 1 BZ
e1011 & yani Cornmunity Transport Liniitod Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 TRUSTEES, ANNUAL REPORT The Irustees are pleased to presenl their annual report and accounts for 2023124. CHARITY AIMS, OBJECTIVES AND ACTIVITIES 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," specifically in the Derbyshire Dales and southern High Peak areas. Within Ihose objects, we aim to offer caring, safe, flexible and efficient Iran5port for people of all ages in our 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 integralion. The activilies we pursue to deliver our charilable objects are: Bespoke, door-to-door transport options for people who are unable to use scheduled buses or services. This could be due to physical disability, age-related issues or timetable restrictions. Access to medical appointments at hospitals and clinics utilising our volunteer car scheme. Access to shopping at a range of local centres, including Bakewell, Buxton, Chesterfield, and Crystal Peaks. We also provide several other social days out, such as to garden cenlres, pub lunches, and historic houses. In total we provided 226 charitable Trips and Tours, carrying just 2,476 passengers over a dislance of 12,102 miles. These passenger numbers were more than double Ihe previous year. We support community groups and organisations such as schools, lunch clubs and friendship groups, giving their members access to the weekly social opportunity provided, or on an ad hoc basis as and when required. We continue to provide contract work to specialist day centres which require accessible vehicles and an enhanced driver skill set. All these activities directly deliver our charitable objects. Trustees are extremely grateful to all funders and individual donors for their support in resourcing the charity's activities. They thank the staff and volunteer team for Iheir hard work throughout the year. PUBLIC BENEFIT STATEMENT The Irustees have had due regard to guidance published by the Charity Commission, including public benefit guidance, and our activities illustrate how we deliver public benefit to communities within Derbyshire. STRATEGIES TO ACHIEVE OUR AIMS AND OBJECTIVES Our strategies are lo focus our core activity on fijlfilling Local Authority conlracls to enable u5 to deliver our ainis and objectives at scale, suppleinenled by otlier services funded by contracts, granls and customei. payments. We focus on contract5 providing transport for older people's and special needs day care cenlres within our largel geographical areas.
yam Community Transport Liniitèd Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2024 CRITERIA FOR MEASURING SUCCESS During the year, we measured the distance travelled, trips made, and seats occupied, as follows.. Type of service Distance miles 99,826 8,874 14,014 31,407 12,102 Noof Tri 3,887 758 1,216 2,362 226 Seats Wheelchairs Contract Dial a Ride Car scheme Grou travel Tri s and tours 20,624 666 1487 26,473 2.422 3,941 150 921 54 In lotal. we currenlly have 285 local community groups registered for community transport services and 1.108 individual people, of whom 252 were new in 2023124. Customer feedback is proactively sought as part of our commitment to excellent service qualily. Some of the most pleasing customer quotes received during the year are below: "The driver went above and beyond, nothing was too much trouble. Everyone made us feel so welcome, as il was our first trip but definitely won't be the lastl" "Very grateful for the car scheme. Would struggle massively to get to appointments at Northern General without it. "Chester was utterly fantastic. People like me can't get out to these places without you. "Thank you for all you do, it's a brilliant service and it's much appreciated. VOLUNTEER INVOLVEMENT We have over 50 volunteers who drive buses, drive their own personal vehicles to take people to medical appointments, and operate our charity bookshop. In 2023124, they delivered 3,900 driving hours and 4,500 bookshop hours, contributing charitable work equivalent to s value of £96,596. We are extremely grateful lo all our volunteers for this incredible service, without whom we could not deliver the range of services we provide lo our beneficiaries. HEALTH & SAFETY The trustees have adopted a rigorous Health and Safety policy and Code of Practice supported by Croner"Bright Safe" Following a fatal accident in March 2023, all relevant policies were reviewed and updated. This was recognised by the Coroner al the inquesl in July 2024.
dkewell & Eyam Community -fraris Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 ort Limiti EQUAL OPPORTUNITIES The trustees have adopled 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 affilialion, sex, marital status, sexual orientation or disability. Similarly, all our services are available to any potential beneficiary within the area. FINANCIAL REVIEW The funding environment for community transport organisations is becoming progressively more challenging year-on-year. Costs have significantly increased as a result of continuous increases in the national minimum wage and the effects of inflation, particularly on fuel and other vehicle supplies. Income is under increasing threat from a wide range of competitors to contract income we have previously benefitted from. In 2023124. we are reporting a surplus of £54,315, which is an excellent performance considering the financial challenges noted above. However. it should be recognised that almost £100,000 of income received in the year was from one-off non-trading related sources. £20,000 of this was from a National Lottery Community Fund grant to deliver a community development project, which will be spent entirely in 2024125. A further £76,827 of legacy income was received in the year from the estates of former beneficiaries of our services who have recently passed away. We are very sorry for these losses but heartened and extremely grateful to know that our charity, and the services we provide, meant so much to these former passengers. PRINCIPAL FUNDING SOURCES The charity's main income sources are through Derbyshire County Council contracts. We also receive income from other individual contracts, a small level of grants, customer fees, and income from our charity bookshop in Bakewell. EXPENDITURE OVERVIEW The main costs of providing our community transport services are staff, vehicle and premises-related costs. CASH POSITION At 31 March 2024. the charity had £753,593 in cash al bank and in hand (2023-. £657,581)- FIXED ASSETS Our fixed assets are almost enlirely comprised of tangible fixed assets (mainly vehicles, with some property and office assets). At 31 March 2024 they were valued at £201,085 {2023'. £234,985).
akewell & &yam ComrT)Uility Transport Liryiitpd Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) (continued) Year ended 31 March 2024 RESTRICTED FUNDS A restricted grant was previously received for the purchase of a minibus. This is being depreciated in line with our policy. In addition, we received two restricted grants in the year, from the National Lottery Community Fund and. Derbyshire Community Foundation. Our total restricted funds at 31st March 2024 were £54,315 (2023: £38,178). DESIGNATED FUNDS During the year. our Board designated £300,000 of reserves for investmenl in Ihe future strategic development of the charity, to deliver its long-term needs, such as the purchase of new minibuses or the delivery of a new strategy. POST-PERIOD EVENTS During the summer of 2024, Derbyshire County Council published a review of their day care services and proposed the closure of several day centres, including three for which BECT has contracts to provide transport services. If these contracts are lost, it will have a significanl impact on future income. A final Council decision is expected in late 2024. RISK MANAGEMENT The truslees, 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. A strategic risk register is kept and the highest risk to the charity is the loss of contract income referred lo above. This risk is being mitigated by the exploration of potential additional income sources, and consideration of ways to reduce costs if required. RESERVES POLICY AND GOING CONCERN The Board adopled a new risk-based reserves policy in November 2023 which assessed the need for minimum levels of reserves to meet ongoing obligations and the creation of a target range for free reserves. The current assessment is that free reserves should be kept in a range between £300,000 and £450,000. On 31st March 2024, free reserves were £520,897 (2023: £750,869}. This comprises the total reserves, less fixed assets, restricted reserves (except fixed assets) and designated reserves. The free reseNes are therefore £70,897 higher than the top end of the target range. It is anticipated that free reserves levels will reduce to within the target range during 2025126, as the charity adjusts in the event of the anticipated loss of significant contract income. On 31st March 2024, total funds stood at £1,089,430 (2023.. £1,035,115). Trustees have considered the charity's ability to meet its financial obligations as they fall due for the 12-month period to November 2025 and have made a positive assessment of the Going Concern position.
Bakewvll i)mmuniti/ Transport Limitid Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2024 PLANS FOR FUTURE PERIODS The Board is making plans to develop a new strategy to address the likely loss of existing contract income, considering alternative options to increase income sources. Opportunities to find savings on expenditure are also being explored. The charity is committed to continuing to provide high quality community transport services to people in the Derbyshire Dales and southern High Peak, to the best of our abilily, within the funding available to us. 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 Board of Trustees 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 lo fill vacancies or to bring addilional skills and experience lo the Board. DECISION-MAKING PROCESS The trustees delegate a large amount of day-to-day decision-making and operational detail to the General Manager, who reports regularly to Ihe Chairman and Trustees. Decisions which affect fundamental policy or carry significant financial implications will always be the responsibility of the Trustee Board. A new Code of Governance and Scheme of Delegation was adopted in July 2024 to formalise Ihese processes. TRUSTEE RECRUITMENT, INDUCTION AND TRAINING Trustees are elected on the basis that they have appropriate skills and knowledge and understand the responsibilities of charity trustees. During the financial year, three trustees resigned and two new trustees were appointed. New trustees undergo an induction which aims to provide information about the nature and work of Ihe charity and its melhods of operation. Trustees are encouraged to attend training courses to support and enhance their role. At the Annual General Meeting, Beth Ely resigned as Chair of the Board but remains as a Trustee. Denise Peach was elected as the new Chairperson. SENIOR MANAGER REMUNERATION Pay awards for all staff are decided annually by Irustees.
akLiwell & E-.'yani Community Trarisport Liniited Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conlinued) Year ended 31 March 2024 THIS PAGE IS LEFT INTENTIONALLY BLANK
akcjwell Eyam Community l i Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 March 2024 rifisF)ort Limited Small company provisions This report has been prepared in accordance with the provisions applicable lo companies entilled to the small companies exemption. The trustees, annual report was approved on 12 November 2024 and signed on behalf of the board of trustees by- pIIL,Lfv Ms D L Peach (Chair) Trustee
akewell & Eijdin Cornmunity l-ransport Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations, legacies and grants Charitable activities Other trading activities Investment income Other income 115,855 122,583 536,645 1,754 (5,342) 771,495 22,500 138,355 122,583 536,645 1,754 {5,342) 793,995 44,416 87,777 588,876 594 (8,537) 713,126 Total income 22,500 Expendlture Expenditure on raising funds.. Costs of other trading activities Other expenditure Total expenditure 10 11 733,227 90 6,363 739,590 90 615,960 2,041 733,317 6,363 739,680 618,001 Net income and net movement In funds 38,178 16,137 54,315 95,125 Reconciliatlon of funds Total funds brought forward Total funds carried forward 996,937 38,178 1,035,115 939,990 1,035,115 54,315 1,089,430 1,035,115 The slatement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 12 to 23 form part of these flnanclal statements.
akewell Eyam Communit l-ransport Liniited Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets Investments 15 16 201,085 44,948 234,985 49.261 246,033 284,246 Current assets Stock of books Debtors Cash al bank and in hand 17 18 100 107,658 753,593 100 118,273 657,581 861,351 775.954 Creditors: amounts falling due within one year Net current assets 19 17,954 25,085 843,397 750,869 Total assets less current liabilities 1,089,430 1,035,115 1,035,115 Net assets 1.089,430 Funds of the charity Restricted funds Unrestricted funds 54,315 1,035,115 1,089,430 38,178 996,937 Total charity funds 21 1,035,115 For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act wilh respect to accounting records and Ihe preparation of financial statements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. The statement of financial position continues on the following page. The notes on pages 12 to 23 form part of these flnancial statements. 10
akowell Eyam fomrnunity I'ransport Limite Company Limited by Guarantee Statement of Financial Position (continued) 31 March 2024 These financial statements were approved by the board of trustees and authorised for issue on 12 November 2024, and are signed on behalf of the board by.. Ms D L Peach (Chair) Trustee The notes on pages 12 to 23 form part of these financial statements. 11
Bakewell tydin Comrnuriity Transport Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 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 regislered office is Unit 4, Longstone Business Park, Great Longslone, Bakewell, DE45 1TD. 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. Accounting policies Basis of preparation The financial slatemenls 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 slatements 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. Disclosure exemptions This reporl has been prepared in accordance with the provisions applicable to companies enlitled to the small company's exemption. Judgements and key sources of estimation uncertainty The trustees delegale 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 Ihe Council of Management. Decisions which affect fundamental policy or carry significant financial implicalions will always be the responsibility of the Council of Management. Fund accounting Unrestricted funds are available for use at the discretion of the Irustees to further any of the charily's purposes. Designated funds are unrestricled 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. 12
dkowell & Eyaiyi ommunity Tranbport Limiied Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Accounting policles (continued) Incoming resources All incoming resources are included in the stalement of financial activilies when entitlement has passed to the charity,. it is probable that the economic benefits associated with the transaction will flow lo the charily and the amount can be reliably measured. The following specific policies are applied lo particular calegories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donaled goods is measured al 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 Ihe accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from conlracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requiremenl for it to be spent on a particular purpose and returned if un5penl, in which case it may be regarded as restricted. 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 aclivities to which it relales.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefil of its beneficiaries, including Ihose support costs and cosls relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor parl of ils expenditure on charitable activities. All costs are allocated lo 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 Ihey contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assels are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
akewell ya¥n oinmuriity Transp(Irt Lin)il'Ld Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policies (continued) Tangible assets (continued) An increase in the carrying amount of an asset as a resull of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the stalemenl of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, excepl to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. 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: Written off over the life of the lease 100/0 on cost 25 % on cost Short leasehold property Motor vehicles Equipment Investments Unlisled equity investments are initially recorded at cost, and subsequently measured at fair value. If fair value cannot be reliably measured. assets are measured al cost less impairment. Listed inveslmenls are measured at fair value with changes in fair value being recognised in income or expenditure. Investments in associates Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded al the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value taken through income or expenditure. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and olher distributions received from Ihe investment are recognised as income without regard to whether the distributions are from accumulaled profits of the associate arising before or after the dale of acquisition. Investments in joint ventures Investments in joinlly controlled entities accounted for in accordance with the cosl model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded al the transaction price. At each reporting date, the inveslments are measured at fair value, with changes in fair value taken through income or expenditure. Where il is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. 14
akewell & Eyaiyi Commuiiity -fransport Limited Company Limited by Guarantee Notes to the Financial Statements (conlinuedj Year ended 31 March 2024 Accounting policies (contlnued) Investments in joint ventures (continued) Dividends and other distributions received from the inveslment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition. 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 cash-generating unit to which the asset belongs. The cash-generaling 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. Stocks Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. 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. Currenl assets and current liabilities are subsequently measured at the cash or other consideration expecled to be paid or received and nol discounted. Debl 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 wilh changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. 15
tikewell oniinuriity l-raiispoi't Limitpd Company Limited by Guarantee Notes to the Financial Statements (conlinued) Year ended 31 March 2024 Accounting policies (Conlinued) Financial instruments (contlnugd) 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 markel 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. Other financial instrumenls are subsequently measured at fair value, wilh any change5 recognised in the statement of financial activities, with the exception of hedging instruments in 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. Olher 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. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service 15 provided. Prepaid conlributions are recognised as an assel to the extenl that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are nol expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of Ihe discount is recognised as an expense in the period in which it arises. Limited by guarantee The Charily 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. Donations, legacies and grants Unrestricted Funds Restricled Total Funds Funds 2024 Donations Donations 11,957 11,957 Legacies Legacies 70,577 70,577 16
akewLill & k-yr1. rfi Community Traiispofi. Lirnited Company Limited by Guarantee Notes to the Financial Statements {continued) Year ended 31 March 2024 Donations, legacies and grants (continued) Unrestricted Funds Restricted Total Funds Funds 2024 Grants Connex Active Travel grant DCC fuel rebate Bus Service Operators grant Training grant Lottery grant Derbyshire Community Foundation grant 20,056 20,056 13,221 44 13,221 44 20,000 2.500 20,000 2.500 115,855 22,500 138,355 Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations 9,200 9,200 Legacies Legacies 6,250 6,250 Grants Connex Active Travel grant DCC fuel rebate Bus Service Operators granl Training grant Lottery grant Derbyshire Community Foundation grant 17,169 1,845 9,952 17,169 1,845 9,952 44.416 44,416 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Fares and tours Car Scheme fees Other income from charitable activities 112,918 9,665 112,918 9,665 71,904 10,097 5,776 71,904 10,097 5,776 122,583 122,583 87,777 87,777 17
well & Eyam Commuriity Transporl Limited Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Other trading activities Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Unity lottery Other income Book End takings Contract group transport 387 42 34,172 502,044 536,645 387 42 34,172 502,044 384 32 39,542 548,918 384 32 39,542 548,918 588,876 536,645 588,876 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest receivable 1,754 1,754 594 594 Other income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Gain on disposal of tangible fixed assets held for charily's own use Sub-let of compund rental income (5,342) (5,342) (9,487) 950 (9,487) 950 (5,342) (5,342) (8,537) (8,537) 10. Costs of other trading activities Unrestricted Funds Restricted Total Funds Funds 2024 BECT general expenses Vehicle operations 504,186 229,041 733,227 504,186 235,404 6,363 6,363 739,590 Unrestricted Funds Restricted Total Funds Funds 2023 BECT general expenses Vehicle operations 428,830 180,767 428,830 187,130 6,363 6,363 609,597 615,960 18
eIe11 & Eyam Co(Yimunity I"raiisport Limitpd Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 11. Other expenditure Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Social expenses Subsidiary loan interest written off 90 90 1,006 1,035 1,006 1,035 90 90 2,041 2.041 12. Net Income Net income is stated after chargingl(crediting)'. 2024 2023 Deprecialion of tangible fixed assels Loss on disposal of langible fixed assets 47,349 5,342 44,668 9,487 13. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans Other employee benefils 318,480 13,368 5,045 7,196 287,815 9,657 5,175 6,232 344,089 308,879 The average head count of employees during the year was 27 (2023.. 44). The average number of full-time equivalent employees during the year is analysed as follows: 2024 2023 No. Number of staff 27 44 No employee received employee benefits of more than £60,000 during the year (2023.. Nil). 14. Trustee remuneration and expenses No truslees 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 [0 £1,000,000 on any one claim and the cost for the current and prior year is included within the total insurance costs. There were no trustees, expenses paid for the currenl or prior year. 19
Ela'Aewv(Jll & Eyam Commiinity Transp Company Limited by Guarantee Notes to the Financial Statements (continued) I"t Li(nite Year ended 31 March 2024 15. Tangible fixed assets Short leasehold property Motor vehicles Equipment Total Cost At 1 April 2023 Additions Disposals At 31 March 2024 126,353 19,975 623,281 93,069 650 842,703 20,625 (19,134) 844,194 (19,134) 604,147 146,328 93,719 Depreciation At 1 April 2023 Charge for the year Disposals At 31 March 2024 124,651 4,993 391,927 41.383 (11,959) 421,351 91,141 973 607,719 47,349 (11,959) 643,109 129,644 92,114 Carrying amount At 31 March 2024 16,684 182,796 231,354 1,605 201,085 234,984 At 31 March 2023 1,702 1,928 16. Investments Loans to Shares in group group companies undertakings Total Cost or valuation At 1 April 2023 Additions Transfers 49,161 100 49,261 (4,313) 44,848 (4,313) 44,948 At 31 March 2024 100 Impairment At 1 April 2023 and 31 March 2024 Carrying amount At 31 March 2024 44,848 49,161 100 44,948 At 31 March 2023 100 49,261 All investments shown above are held at valuation. 17. Stock of books 2024 2023 Stock of books 100 100 20
Uakewell or¥irnuriity Transport Litnited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 18. Debtors 2024 2023 Trade debtors Prepayments and accrued income Other debtors 49.955 45,687 12,016 66,977 37,831 13,465 107,658 118,273 19. Creditors: amounts falling due wSthin one year 2024 2023 Trade creditors Accruals and deferred income Social security and other taxes 5,316 7,256 5,382 17.954 8,653 6,541 9,891 25,085 20. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,045 (2023.. £5,175). 21
vell yai(i 4.-oinmuriity Transport l..Imit d Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 21. Analysis of charitable funds Unrestricted funds At 31 March 202 At 1 April 2023 Income Expenditure Transfers Unrestricted and undesignated funds Designated Fund 996,937 771,495 (733,317) (300,000) 300,000 735,115 300,000 996,937 771,495 (733,317) 1,035,115 At 31 March 202 Al 1 April 2022 Income Expenditure Transfers Unrestricted and undesignated funds Designaled Fund 895,449 713,126 (611 ,638) 996,937 895,449 713,126 (611,638) 996,937 Restricted funds At 31 March 202 At 1 April 2023 Income Expenditure Transfers Restricted Fund 38.178 22,500 (6,363) 54,315 At 31 March 202 At 1 April 2022 Income Expenditure Transfers Restricted Fund 44,541 (6,363) 38.178 22
I leve41 & Eyani Commuriity Trlr n Company Limited by Guarantee Notes to the Financial Statements (continued) port Lirfiited Year ended 31 March 2024 22. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Investments 169,270 44,948 31,815 201,085 44.948 Net assets 214,218 31,815 246,033 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Investments 196,807 49,261 38,178 234,985 49,261 Net assets 246,068 38,178 284,246 23. Financial instruments The carrying amount for each category of financial instrument is as follows.. 2024 2023 Flnancial liabilities measured at fair value through income and expenditure Property rental lease liabilities committed to 233,333 Vehicle lease liabilities committed to 284,841 518,174 288,333 360,799 649,132 24. Related parties During the year the charity entered into the following transaction4 with related parties.. Balance owed byl(owed Transaction value to) 2024 2023 2024 2023 Related party loan to employee 5,000 5,000 23
Lllll Allen, West 11 and Foster CHARTERED ACCOUNTANTS From the Bakewell office Our ref. JHlfr 31st October 2024 The Directors led by Barbara Ely The BECT Bus Company Limited Unit 4 Longstone Business Park Great Longstone Bakewell DE45 1TD Dear Barbara, Please find enclosed the Unaudited Financial statements for The BECT Bus Company Limited for the year ended 31 sl March 2024 for your approval as follows: 1 . Two copies of the Unaudited Financial Statements. Please would you sign both copies on page 2 and return the one marked 'A, W and F, to me? 2. Two copies of the Filleted Unaudited Financial Statements. These are the pared down version of the accounts that will appear on public record. Please would you sign both on page 1 and return the one marked 'A, W and F, to me? 3. The Corporation Tax return. Please would you sign it on the final page in box 975 next to your name and then return it to me? There is no tax liability. I look foDNard to hearing from you shortly Yours sin rely, Fora on belalf of Allen, West and Foster Email: 'oanneholland awfca.co.uk Tel 0114 2689950 chartergroup ICAEW CHARTERED ACCOUNTANTS SHEFFIELD OFFICE Omega Court, 364-366 Cemetery Road, Shellield S118Fr T.. 0114 268 9950 www.awlca.co.uk Allen, Wesl and Foster is the trading name ol Allen, Wesl and Foster Limited Registered Ollice.. Omega Court, 364-366 Cemetery Road, Shellield S118Fr Registered in England and Wales No. 10802734 Direclois.. Sleph8D Alleii BAIHonsl ACA FCCA. Paul Mlddleion JP ConsullOni.- John M G F051er FCA Reglsiered io carry on audit wk in th8 UK and Iieland and Tegulaled lor a rang8 01 invesimeni busines5 aclivilies by the Insliluie ol Ch8neied Accounianls in England and Wales