COMPANY REGISTRATION NUMBER: 03098593 CHARITY REGISTRATION NUMBER: 1049389 Bakewell & Eyam Community Transport Limited Company Limited by Guarantee Unaudited Financial Statements 31st March 2025 ALLEN, WEST AND FOSTER Chartered accountants Travel House Buxton Road Bakewell Derbyshire DE45 1BZ
Company Limited by Guarantee Flnancial Statements Year ended 31st March 2025 Page Trustees, annual report (incorporating the director's report) Statement of financial activities (including income and expenditure account) Statement of financial position 10 Notes to the financial statements 12
Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31st March 2025 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31st March 2025. Reference and administratlve details Registered charity name Bakewell & Eyam Community Transport Limited Charity registration number 1049389 Company registration number 03098593 Principal office and reglstered Unit 4, Longstone Business Park office Great Longstone Bakewell DE45 1TD Th6 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 (Chsir) Ms M J Rae-smith MrRMWyse (Resigned 13th November 2024) Accountant Allen, West and Foster Chartered accountants Travel House Buxton Road Bakewell Derbyshire DE45 1BZ
Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {Gontlnu8d) Year ended 31st March 2025 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 to fill vacancies or to bring additional skills and experience to the Board. DECISION-MAKING PROCESS The trustees delegate a large amount of day-to-day decision-making and operational detail to the Consultant Chief Executive and the General Manager, who report regularly to the 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 these processes. TRUSTEE RECRUITMENT, INDUCTION AND TRAINING Trustees are recruited 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 the charity and its methods of operation. Trustees are encouraged to attend training courses to support and enhance their role. SENIOR MANAGER REMUNERATION Pay awards for all staff are decided annually by trustees.
Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31st March 2025 Objectlves and activiti6s 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 those objects. we aim to offer caring, safe, flexible and efficient transport 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 volunlary participation in community activities; and to help to sustain and develop local economies and social integration. The activities we pursue to deliver our charitable 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. These journeys increased by 400/ts in 2024125, compared to the previous year. 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 centres, pub lunches. and historic houses. In total we provided 231 charitable Trips and Tours, carrying just 2.588 passengers over a distance of 12,709 miles. 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 their hard work throughout the year. PUBLIC BENEFIT STATEMENT The trustees 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 communilies within Derbyshire. STRATEGIES TO ACHIEVE OUR AIMS AND OBJECTIVES Our strategies are to focus our core activity on fulfilling Local Authority contracts to enable us to deliver our aims and objectives at scale, supplemented by other services funded by contracls, grants and customer payments. We focus on contracts providing transport for older people's and special needs day care centres within our target geographical areas.
Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31st March 2025 Objectivès and activities (conllnued) CRITERIA FOR MEASURING SUCCESS During the year. we measured the distance travelled, trips made, and seats occupied, as follows: Type of service Distance (miles) No of Trips Seals Wheelchairs Contract Dial a Ride Access to Health Group Travel Trip and Tours 109,244 5,962 18,136 31,339 12,709 3,646 334 1,705 2,007 231 15,397 308 1,970 20,629 2,588 4.780 81 168 1,149 77 Definitions Contract services delivered under contract to a statutory body. These are usually adult social care or education related. Dial A Ride non health related journeys for wheelchair users or individuals wilh severe mobility issues on a minibus. Access to Health a combination of health related journeys for individuals in a volunteers private car and those for wheelchair users or individuals with severe mobility issues on a minibus. Group Travel- bookings made by community groups. Trip and tours- leisure, shopping and social trips organised by BECT. VOLUNTEER INVOLVEMENT We have over 71 volunteers who drive buses, drive their own personal vehicles to take people to medic81 appointments, and operate our charity bookshop - we have increased the number of active volunteers by 40% in the past year. In 2024125, they delivered 4,600 driving hours and 4,500 bookshop hours, contributing charitable work equivalent to a value of at least £104,562. We are extremely grateful to all our volunteers for this incredible commilment. withoul whom we could not deliver the range of services we provide to our beneficiaries. HEALTH & SAFETY The trustees have adopted a rigorous Health and Safety policy and Code of Practice supported by Croner "Bright Safe All our health and safety-related policies were reviewed and updated in July 2024. 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, marilal status, sexual orientation or disability. Similarly, all our services are available to any potential beneficiary within the area.
Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31st March 2025 Achievèments and performance In 2024125 we were particularly proud of the development of our volunteer car scheme and our programme of Trips and Tours. Following renewed emphasis on our car scheme, we increased the number of journeys to hospital appointments, for people who would otherwise have been unable to attend them, by 40 % compared to the previous year. We also carried 7 % more passengers on our Trips and Tours than the previous year. This programme benefitted from generous sponsorship from HolidayCottages.co.uk. to whom we are extremely grateful. Their donation supported our summer programme of seaside trips. Customer feedback is proactively sought as part of our commitment to excellent service quality. Some of the most pleasing customer quotes received during the year are below.. BW of Grindleford told us: "l am 95 years old and if it wasn't for Bakewell & Eyam buses, time oul of my flat would be almost non-existent. It enables me to make and meet friends. go round the shops and still be independent which means a lot to me. I hope you will be able to keep helping us Golden Oldies. We would be lost without you."
Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) {contlnugd) Year ended 31st March 2025 Financial review In 2024125, we are reporting a small surplus of £749. This is a very positive outturn, as we had budgeted for a small deficit for the year. This was largely the result of securing additional contract income during the year. We also benefitted from a small legacy. Additionally, our renewed focus on community development work resulted in an increase in small grants and donations from the local area, compared to previous years. However, the financial environment for community transport organisations is getting more and more challenging. due to factors such as increases in employment costs. and a squeeze on income due to the increasingly competitive contract environment. Our balance sheet remains healthy, and this has enabled Trustees to designate £300.000 of reserves to deliver a new strategy to help the charity adapt to the challenging funding environment over the coming years. It is highly likely that some of these designated funds will be used in 2025126. because a deficit budget has been set for the year. 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 slaff, vehicle and premises-related costs. CASH POSITION At 31 March 2025, the charity had £841,344 in cash at bank and in hand (2024: £753,593). FIXED ASSETS Our fixed assets are almost entirely comprised of tangible fixed assets (mainly vehicles, with some property and office assets). At 31 March 2025 they were valued at £159.993 (2024: £201,085). RESTRICTED FUNDS A restricted grant was previously received for the purchase of a minibus. This is being depreciated in line with our policy. During 2024125, we delivered a Lottery-funded community development project using a restricted grant which was spent in full in the year. Our total restricted funds at 31st March 2025 were £25,452 (2023: £54,315). DESIGNATED FUNDS As noted above, the Board has designated £300.000 of reserves for the delivery of a strategy to enable the charity to adjust to a new funding environment. Some of these funds are likely to be used to finance a deficit budget in 2025126. RISK MANAGEMENT
Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31st March 2025 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. A strategic risk register is kept and regularly updated. In September 2025, the charity's highest rated risks related to failing to respond to the changing environment and the need to reduce core costs to avoid making ongoing financial losses. The charity has set a deficit budget for 2025126 and created a designated reserves fund so it can make considered and appropriate changes to the charity strategy in the medium term. RESERVES POLICY AND GOING CONCERN The Board has a risk-based reserves policy which assesses the need for minimum levels of reserves to meet ongoing obligations and the creates a target range for free reserves. The current assessment is th8t free reserves should be kept in a range between £300,000 and £450,000. On 31st March 2025, free reserves were £626,367 (2024: £520.897). This comprises the total reserves, less fixed assets, restricted reserves (except fixed assets) and designated reserves. The free reserves are therefore £176,367 higher than the top end of the target range. It is anticipated that free resetves levels will reduce to within the target range during 2025126, due to the deficit budget set for the year. On 31st March 2025. total funds stood at £1,090,179 {2024: £1.089.430). Trustees have considered the charity's ability to meet its financial obligations as they fall due for the 12-month period to November 2026 and have made a positive assessment of the Going Concern position. Plans for future p&riods The Board has adopted an updated strategy for the period 2025-28. This retains the charity's ongoing focus on adult day care transport contract work, alongside our existing charitable activities of providing individual and group transport. addressing loneliness and social isolation through our Trips and Tours programme. the importance of our volunteer car scheme to enable people to attend medical appointments. and our focus on service quality. To ensure we have the resources needed to successfully deliver our strategy, we are seeking to increase our unreslricted income through our Book End bookshop in Bakewell, and through accessing granls and donations from the local area. We also seek to match the availability of staff and volunteers to our service provision, and are focused on the challenges of resourcing our back office requirements with limited resources. We are committed to monitoring our back office costs to keep them in proportion with our income. Small company provisions This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (¢ontlnued) Year ended 31st March 2025 The trustees, annual report was approved on 181h November 2025 and signed on behalf of the board of trustees by: Ms D L Peach (Chair) Trustee
Company Limited by Guarantee statement of Financial Activities (including income and expendlture account) Year ended 31st March 2025 2025 Restricted funds Total funds Total funds 2024 Unrestricted funds Note Income and endowments Donations, legacies and grants Charitable activities other trading activities Investment income Other income 54,037 129.316 585.601 6,670 725 54,762 129,316 585,601 6,670 138,355 122,583 536,645 1,754 (5,342) 793.995 Total in¢om6 775,624 725 776,349 Expenditure Expenditure on raising funds: Costs of other trading activities Other expenditure Total expenditure 10 11 745,863 149 29,588 775,451 149 739,590 90 746,012 29,588 775,600 739,680 Net income and nèt movement in funds 29.612 {28,863) 749 54,315 Reconciliation of funds Total funds brought fomard Total funds carried forward 1,035,115 54,315 1,089,430 1,035.115 1,089.430 1,064.727 25,452 1,090,179 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 12 to 24 form part of these flnancial statements.
Company Limited by Guarantee Statement of Financial Position 31 st March 2025 2025 2024 Note Fixed assets Tangible fixed assets Inveslments 15 16 159,993 3,819 163.812 201,085 44,948 246,033 Current assèts Stock of books Debtors Cash at bank and in hand 17 18 100 121,306 841.344 100 107,658 753.593 962.750 861,351 Creditors: amounts falling due within one year Net current assets 19 36.383 17.954 926,367 843,397 1,089,430 1.089,430 Total assèts less current liabilitles 1,090,179 1,090.179 Net assets Funds of the charity Restricted funds Unrestricted funds 25,452 1,064,727 54,315 1,035,115 1,089,430 Total charity funds 21 1,090,179 For the year ending 31st March 2025 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 with respect to accounting records and the preparation of financial slatements. 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 24 form part of these financlal statements. 10
Company Limited by Guarantee Statement of Financial Posltion (contlnugd) 31 st March 2025 These financial statements were approved by the board of trustees and authorised for issue on 18th November 2025. and are signed on behalf of the board by: Ms D L Peach (Chair) Trustee The notes on pages 12 to 24 form part of these finan¢lal statements. 11
Company Limited by Guarantee Notes to the Financial Statements Year ended 31st March 2025 General informatlon The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Unit 4, Longstone Business Park. Great Longstone, 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 Stalement of Recommended Practice applicable to charities preparing their accounts in accordan 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 statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concorn There are no material uncertainties about the charity's ability to continue. Dlsclosure exemptSons This report has been prepared in accordance with the provisions applicable to companies entitled 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 Ihe Chairman and the Council of Managemenl. Decisions which affect fundamental policy or carry significant financial implications will always be the responsibility of the Council of Management. 12
Company Limited by Guarantee Notes to the Financial Statements Icontinued) Year ended 31st March 2025 Accounting policies {contlnued) Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through Ihe terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: 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 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. income from contracts 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 requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 13
Company Llmited by Guarantee Notes to the Financial Statements (contlnugd) Year ended 31st March 2025 Accounting policies (conllnuedj Resources expended Expenditure is recognised on an accruals basis as 8 liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it rel8tes'. expenditure on raising funds includes the costs of all fundraising activilies. 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 furlher its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure Ihat is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable. justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result 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 statement 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. except to which it offsets any previous revaluation gain, in which case the logs 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.. Short leasehold property Motor vehicles Equipment Written off over the life of the lease 10% on cost 25 % on cost Investments Unlisted equity investments are initially recorded at cost. and subsequently measured at fair value. If fair value cannot be reliably measured, assets are measured at cost less impairment. 14
Company Limited by Guarantee Notes to the Financial Statements (contlnugd) Year ended 31st March 2025 Accounting policies (contlnued) Investments (contlnued) Listed investments 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 at 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 other distributions received from the investment are recognised as income without regard lo whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition. Investments in joint ventures Investments in jointly controlled entities accounted for in accordance with the cost 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 at 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 other distributions received from the investment 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 reporiing 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-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. 15
Company Limited by Guarantee Notes to the Financial Statements (contlnu8d) Year ended 31st March 2025 Accountlng policies (contlnuedj Impairment of fixed assèts f¢ontlnued) For impairmenl 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. Flnancial instruments A financial asset or a financial liability is recognised only when the charily becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably. the investment is subsequently measured at fair value with changes in fair value recognised in income and expendilure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives. are initially recognised at fair value. unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities. wilh the exception of hedging instrumenls in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at Ihe end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. 16
Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31st March 2025 Accounting policies {conflnued) Financlal instruments (contlnued) 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 is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not 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 measufed on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 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. Donations, legacies and grants Unrestricted Funds Reslricted Total Funds Funds 2025 Donations Donations 16,517 16.517 Legacies Legacies 3,555 3,555 Grants Connex Active Travel grant Bus Service Operators grant Training grant Lottery grant Derbyshire Community Foundation grant DDDC Trip and Tours grant 21.147 11,318 1,500 21,147 11,318 1,500 725 725 54.037 725 54,762 Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations 11,957 11,957 17
Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31st March 2025 Donations, legac16s and grants (¢ontlnued) Unrestricted Funds Restricted Total Funds Funds 2024 Legacies Legacies 70,577 70,577 Grants Connex Active Travel grant Bus Service Operators grant Training grant Lottery grant Derbyshire Communily Foundation grant DDDC Trip and Tours grant 20,056 13,221 44 20,056 13,221 44 20,000 2.500 20.000 2,500 115.855 22,500 138,355 Charitable activities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Fares and tours Car Scheme fees 115.568 13,748 115,568 13,748 112.918 9.665 112,918 9,665 129,316 129.316 122,583 122,583 Other trading activlties Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Unity lottery Other income Book End takings Contract group transport Bus sponsorships 345 275 41.832 541,249 1,900 345 275 41,832 541,249 1,900 387 42 34.172 502,044 387 42 34,172 502,044 585.601 585,601 536.645 536,645 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest receivable 6,670 6,670 1.754 1,754 18
Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31st March 2025 Other income Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Gain on disposal of tangible fixed assets held for charity's own use (5,342} (5.342) 10. Costs of other trading activities Unrestricted Funds Restricted Total Funds Funds 2025 BECT general expenses Vehicle operations 530.337 215,526 23,225 6,363 29,588 553,562 221,889 745,863 775,451 Unrestricted Funds Restricted Total Funds Funds 2024 BECT general expenses Vehicle operations 504,186 229,041 504,186 235,404 6,363 733.227 6,363 739.590 11. Other expenditure Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Social expenses 149 149 90 90 12. Net income Net income is slated after chargingl(crediting): 2025 2024 Depreciation of tangible fixed assets Loss on disposal of tangible fixed assets 41,688 47,349 5,342 19
Company Llmited by Guarantee Notes to the Financial Statements (conllnued) Year ended 31st March 2025 13. Staff ¢osts The total staff costs and employee benefits for the reporting period are analysed as follows: 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans Other employee benefits 391,241 17,231 5,682 5.770 318.480 13.368 5.045 7,196 344,089 419,924 The average head count of employees during the year was 27 (2024: 27). The average number of full-time equivalent employees during the year is analysed as follows: 2025 No. 2024 Number of staff 27 27 No employee received employee benefits of more than £60,000 during the year (2024: Nil}. 14. Trustee remuneration and èxpenses No trustees received any remuneration for their seNices. 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 current and prior year is included within the total insurance costs. There were no trustees, expenses paid for the current or prior year. 20
Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31st March 2025 15. Tangible fixed assets Short leasehold property Motor vehicles Equipment Total Cost At 1st April 2024 Additions 146,328 604,147 93,719 596 844.194 596 At 31st March 2025 146,328 604,147 94,315 844,790 Depreciation At 1st April 2024 Charge for the year At 31st March 2025 129,644 5,345 421,351 35,225 92,114 1.118 643.109 41.688 134.989 456,576 93,232 684,797 Carrying amount At 31st March 2025 11,339 147.571 1,083 159.993 At 31 st March 2024 16,684 182,796 1.605 201,085 16. Investments Loans to Shares in group group companies undertakings Total Cost or valuation At 1st April 2024 Additions Transfers 44,848 100 44,948 (41,129) 3,719 {41,129) 3.819 At 31st March 2025 100 Impairment At 1st April 2024 and 31st March 2025 Carrying amount At 31st March 2025 3.719 100 3,819 44,948 At 31st March 2024 44,848 100 All investments shown above are held at valuation. 17. Stock of books 2025 2024 Stock of books 100 100 21
Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31st March 2025 18. Debtors 2025 2024 Trade debtors Prepayments and accrued income Other debtors 73,372 36,239 11,695 49,955 45,687 12,016 121.306 107.658 19. Creditors: amounts falling due withln one year 2025 2024 Trade creditors Accruals and deferred income Social security and other taxes 24.348 5,602 6,433 5,316 7.256 5,382 36,383 17,954 20. Pensions and other post retirèment benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £5,682 (2024: £5,045). 22
Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31st March 2025 21. Analysis of charitable funds Unr&strlcted funds At 1 st April 202 At 31st March 2 025 Income Expenditure Transfers Unrestricted and undesignated funds Designated Fund 735,115 300,000 775,624 (746.012) 764,727 300,000 1,035,115 775.624 1746,012) 1,064.727 At 1 st April 202 At 31st March 2 024 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 Restricted funds At 1 st April 202 At 31st March 2 025 Income Expenditure Transfers Restricted Fund 54,315 725 (29,588) 25,452 At 1 st April 202 At 31st March 2 024 Income Expenditure Transfers Restricted Fund 38.178 22,500 (6,363) 54,315 23
Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31st March 2025 22. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Investments 134,541 3,819 25.452 159,993 3,819 Net assets 138,360 25,452 163,812 Unrestricled Funds Restricted Total Funds Funds 2024 Tangible fixed assets Inveslments 169,270 44,948 31.815 201,085 44,948 Net assets 214.218 31,815 246.033 23. Flnancial instruments The carrying amount for each category of financial instrument is as follows: 2025 2024 Financlal liabiliti@s measured at fair value through income and expenditure Property rental lease liabilities committed to 178,333 Vehicle lease liabilities committed to 208,433 233,333 284,841 386,766 518.174 24