CAMBRIDGE DIAL A IUDE LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2025 CONTENTS AND CHARITY INFORMATION coFrrENTS: PAGE., Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Cashtlow Statement Notes to the Financial Statements 7- 11 TRUSTEES: Bill Hughes Linda Mills Simon Tumer Philippa Corbett (resigned 0111012024) Graham Redgrave Andrew Matthews (resignod 1410212025) COMPANY SECRETARY: Grahatn Redgrave MANAGER,. Mark Bennett REGISTERED OFFICE: Unit B Rene Court Coldhams Road Cambridge CBI 3EW COMPANY REGISTILATION NUMBER., 3172130 CHARITY REGISTRATION NUMBER: 1053924 JNDEPENDENT EXAMtNER', lan W Shipley FCCA For and on behalf of., Prenti3 & Co LLP Chartered Accountants & Independent Examiners 115c Milton Road Cambridge CB4 IXB BANKERS: .Barclays Bank PIC 28 Chesterton Road Cambridge CB4 3AZ
CAMBREDGE DIAL A RIDE LIMITED PAGE I FfNANCIAL STATEMENTS FOR THB YEAR ENDED 31 ST MARCH 2025 REPORT OF THE TRUSTEES Th¢ trustees (who are also directors of the charity for the purpoges of tbe Companies Act) present their annual report together with the fmancial statements of Carnbridge Dial A Ride Limited foT the y¢ar ended 3 1st MaTch 2025, which are also prepared to meet the requirements for a directors report and accounts for Compani¢s Art purposes. The fmancial statements comply with the Cljarities Act 2011, the Companies Act 2006, the Memorandum and Arti¢le5 of Association, and Accounting and Reporting by chitIeS,. Staternent of Recommended Practice applicable to charities Prgparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (issued October 2019 and effectiv¢ l January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Doeument Cambridge I)ial A Ride Limited is a company limiled by guarantee with charitable status which is governed by a Memorandum and Articles of Association. Appolntment of Trustees New trustees 4Te appointed by a majority of tsvstees in offiGe at that time. Trustee Indudlon Alld Training The trustees on appointment are PTovided wilh infonnation and guidance rclevant and post and they are also diTectsd to guidance published by the Charity Cou]n)ission. Organisational Structure The charity has a board of trustees who llLeet quai'terly and are responsible for it strategic direction and policy. A manager is appointed by the trnstees to rtwiage the day to day operation8 of the charÉty. Risk Management The trustees actively review the major risk which the charity faces oll a regulllT basis and believe that maintainlllg reserves at Cuent levels, combined with an a1Ual review of the controls over key financial systems will provide sufficient resourL'es in the event of adverse ci)nditions. The tsustees have also examined other opeTatiollal and business risks facedby tbe, charity and confinn that they have established systems to mÈtigate the SiAlriGant risks. OBJECTIVES AND ACTIVITIES Cambridge Dial a Ride Li]nited operat¢8 a door to door minibus service for the elderly and disabled residents of Catnbridge and the surrounding villages who cannot access public transport. These include South Cambridgeshire and this year we have expanded into parts of East CambrÉdgeshire. We receive grants from both of these District CouTLcils, The service caters for individual members and groups. In planning their activities for the year, the trLLStees have kept in mind the Cbarity Con]mi5sion's guidanre on public benefit for their trustees meetings. ACHtEVEMENfs AND PERFORMANCE Our membership numbers continue to increase. Journeys have Continued to increase, including for groups, but occasionally the demand really stretches us. Our six paid drivers (two of whom are part-ti]ne) Lontinue to work hard. The increase in the minimutll wage and NIC this year have incre&ed our costs significantly, but we are intending to keep the fares at the existing level for as long as possible. Volunteer drivers still hard to fd but we have had two new volunteer drivers join us this On¢ of OUT trustees, Simoffj qualified as a MIDAS assessor so can now revalidate OUT drivers at the stipulated intervals, train and qualify new drivers and Can also provide the service to other minibu5 operntors in the area. This will save us money in training and assessll)g our own personnel> plus provide some incorne from outside operatOTS. Our vehicle oosts continue to increase our buses get older, but this year we have purchased a newer second-hand bus to replace one tha'l was written off due to aLcident dllage which was deemed uuworthwhil¢ to repair. We are intending to procur¢ new buses a5 part of a replacement progranllne in the flltte, dependent upon our grants and income.
CAMBRIDGF, fJlAI. A RIDL; LIMI'I'E,,
PA6. 2
I".INANCIAI. SI'ATF.Mf.'N'fs i.-()'R TIIEJ YEAR bNDLI).4 IS'I, MARCII 2025
REPUR'I. OF THI: fRUS'IEE8 .
ALHII-VLMENI'S ANIJ PLRF()RMANCI:"
¢onlinuod
-I'lib CPCA LYVAVC un addilioiiBI uraDI this yeaT 4ftLr w¢ made rgprc.seJ]tdlif)ns lo thuni, as our finanL'e8 caused us ci)nL¥I'n tis
trijslees,. Due ID thts very Nvelcom¢ additi()nal gr?nl. w6. arL n(>w in a better Position ilian wt Iiad affticipAILd, dnd w¢ ur
C4Jnfinuin&T to work wilh the LPLA to iniprove our s¥1&bIlity fur the f13tUTe, W¢ slill need an inlrease ill Our UYT41nl
and i1))me and are T¢Vi¥WiTlg VPtiUl)b Io TedLICC QUT We have provided CD8ted plan5 and conductc(l a
.%MslainELI)ility r¥vi¢w To supporl OiiT applicatioi) lijr inLr£asL'd fundin8.
'rhe Saturday day trips J)tInUQd in Ili¢ simmer tt) lo¢atioDs Including Holkham Hall. Pelixsl()we ai)d Hw)slanion wg
Inlend to eonlivyc'iliLSE lor the ftIluTL,. "I'he Irips arL lllways oveT-8ubscribed and arc appreciated by our mtmb¢rs whL)
woulil not OTdindl'ily be iiblL t() trttvcl to IhttsL IDL'alion8. 11)e trips bTiiig our members logeiher Dnd arc beneticial lor
dealinby iyith IhL s0£ihl ¢XLlii¥ion Iliiil IYJ41ny tsl-our mLnib¢rs endurtt.
We ran %ec'ond Lliri%lmgs prtY fvT Ulir membewJ this ytar and were joined by members xnd staff tfolh L'heTly'I Ters ddy
cLntrL. W¥ rcL'eived a Lira7)t troni 'd Iiiclil charily PLM wlii¢h w&8 vLry useful lor provi0ii)g food and pr¢sent5 lur Our
memb's. 'Tht Or%1allUll ol"IhL pa'rty 1% mhjtyr IoEi8tfycxl ¢x.EfLise. requiring all our bse5 for several jOLIrnLyS. Jll of
dYiver8 IITiiI ¥tMff Ii) louk after tlie Ineinblrs. briii&>ing Ih¢n) lo ihL' party llrjd then laking them hom¢ 14bYdin a%leTwaTds.
RISTr.RVF"S POLIL Y
"rhL lJust¢es hllv¢ oncL aBaan io poliLy of hiJldiJ3B t'unds lo a le,v¢l o'f 6 months oFies'uiircLg expended whiLh is
t]1 lin¢ with giuidtslin¢s qet by the Churity L'omnilssiott. "I"lii% amounts to an tswerttbie i)f £ll)D.OUO.I'hL clItlTity CLinenlly I
free r&tser¥L4 01.'£15,113.(2D24, £Nil) and illlends to inurease thi% over a Murnber ot yeaT5 tFwough n1117 full u¥e
el, th¢ ¢apaLily ofihc b14ses aiid othci. fiindTiliSillg In¢&iiire8.
'rRIJ8Tl¥.F.8' RF.S.PONSIB I LI"I'IF8 IN RI:-I..A"I'ION 'I'() I'HLY. F"INANCIAL STA"rrMENTS
'I'hg ¢harily's -1 TuyleLb arty r¢'.spoiiFibl¥ for prcpuiinB a I'ruslL¢S' unnval r¢port and financial slaieEhLnts iJi acLordanL¥ witli
applicuble IAW ttnd Uniltxi KiTigdoin A4cvuntin¥ Siundiirds (United Kingdom Generiilly Acceplcd Accoiintinu PraLtic¢).
The law applicdble lo Lhuritie% iii Lngland UTJII Wulcy requirL'S tli¢ rhAriiy Triistees to prepare fin#iiEiul st8temeMls tor
rli yeiw which give K ts'Lie and fiiir wilw of t'l)g 8lai¢ OF afPAir¥ uf th# chHrily &nd of the incoming YL%oiifL'es and
uppliEutlDll of rLYL)urces. 1)f tl)e charily for Ihat pErioci. In PTepariiix the hnaTieial Ital¥Me#ts. Iht Ttrustees are reqUirL to..
5eleLI yiiitablc &¢'coui)tinB Iioli¢i¢5 Ind Ilieii llpply Ih¢'ni uon%istenily'
observe the methodg Hnd piinLiplcs iii tli¥ applicable C.Ik&riti¢s SQRP.
make judgLmLnl% aTI(l ebtinia1¥5 thAI Arc r¢usonable ¥Lnd priidenl-
slut¥ wli.ctlicr applyLbIL IILLX)iiiiling sl&ndiu'd¥ havc been followe
CAMBRIDGE DIAL A RIDE LIMITED PAGE 3 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2025 INDBPENDENT EXAMtNER'S REPORT TO THE TRUSTEES OF CAMBRIDGE DIAL A IUDE LIMrrED I report to the cbarity truste¢5 on my ¢xamination of tbe acGounts of the charitsble cornpany for the year ended 3 1st March 2025. RESPONSIBILITIES AND BASIS OF REPORT As the charitys trustees of the oompany (and aL50 Its directors for the purposes of company law) you are responsible for the preparation of the acGounts in accordance with the requirements of the Companies Act 2006 ('tb¢ 2006 Act,). Having been satisfied that the accounts of the company are not required to be audÈted under P8fc 16 of the 2006 AGt and are eligible for independent exominatton, I report in respect of my examÉnation of your Charity's accounts as Carried out under s.145 of the Charities Act 2011 (the '2011 Act,), In carryillg out my examination I have followed th¢ Directions given by tbe Charity Commission under s.145(5)(b) of tbe 201 I Art, tNDEPENDENT EXAMINERS, STATEMENT Since the company's gross income exceeded £250,000 yow examiner must be a member of a body listed section 145 of the 201 l Act. I confinn that l am qu&lified to undertake tbe examination because l a member of the Association of Chartered Certified Acrountants which is one of the li3tsd bodies. I have completed my examination. I confmll tbat no matters have corne to my attention in connection with the examination giving me caus¢ to believe: (l) accounting records were not kept in respect of the company as requiTed by s.386 of the 2006 Act. (2) the accounts do not accord with those accounting reGords' (3) the ac¢ow]ts do not comply with the accounting requirements of s.390 of the 2006 Act other than any requirettnt tbat the accounts give a'tnLe and fair, view which is not a tnatteT considered as part of an independent exarnination,. (4) the accouuls have not been Prepared ill aGGoTdan¢e with the tnethods and principles of the Statement Recommended PrdCti¢e for accounting and reporting by charities (applicable io charities preparing their accounts in accordance with the Financial Reporting Stalldd applicable in the UK and Republic of Ireland (FRS102)). I have no concerns and have CQllLe across no other matteT5 in coJJnection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. J.AN W SHIPLEY FCCA FOR AND ON BEHALF OF: PRENTIS & CO LLP CHARTERED ACCOUNTANTS & rNDEPENDENT EXAMINERS 115G Milton Road Cambridge CB4 IXE
en f,'Il I IX
CAMBRIDGE DIAL A IIIDC I.IMI'fED
FINANCIAL STAI'f.MF,N"rs raR T14E YkAR bNDLD 31ST MARLH 2025
EIAI..ANCL SHb.ET'
2025
2L124
Ni)tC5
I.'I XI.',D ASsI.,s
'l-anb?ible assets
94.723
63,146
LIJRI<TrNT ASSF"rs
DLbiui'.%
Las'h Ht l)ank and in hand
20,262
51.433
27,914
'I'O'I'AL CIJRREN'f AS51,:'rs
71.695
4lJ,41111
LIABlI.I'fiE
Cre
CAMBRIDGE DIAL A RIDE LIMITED PAGE 6 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2025 STATEMENT OF CASHFLOWS 2025 2024 Notes Cash from operattng aetlvitles Net cash provided byl(used) in operating activities 14 67,149 (43,332) Casb flows from investlng aetivitles Interest Purchase of tangible fixed asset Proceeds from Sale of tangible fixed assets Net cash (used inyprovided by investtng activities 115 394 (43,745) (36,024) 14,500 (43,630) (21,130) Change in cash and cash equivalent5 in the year Cash and ¢a8h equivalents at the beginning of the yeaT Cash and cash equivalents at the end of the year 23,519 27,914 (64,462) 92,376 51,433 27,914
CAMBRIDGE DIAL A RIDE LIMITED PAGE 7 FJNANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLICIES (a) BASIS OF PREPARATION OF FINANCIAL STATEMENTS The fmancial statements have been pr¢paTed under the bistorical cost convention with rtems Tecognised at cost or transaction value unless othenvise stated in the Tel¢vant notes to these financial statement8, The fmancial statements hav¢ been prepared in accordance with Accounting and Reporting by Charities: Statement of Reconunended Practice applicable to charities preparing their accounts in accordallce with the FinanGial Reporting Standard applicable in the UK and Republic of IrelarLd (FRS 102) (issued October 2019 and effective 1st January 2019) - {CharitiQ8 SORP (FRS 102)), the Financial Reporting Standard applicable ill the UK and Republic of Ireland IFRS 102) alld the Companies Act 2006. The tsity constitutes a public benefjt entity as defmed by FRS 102, GO]NG CONCERN The financial 5taternentg havt been prepared in line with the going concern Goncept. I)Llling tbe accounting year the incon]e from faTes has been stabl¢ atLd renined at pre-covid levels. In addition, for a second year, summer trips on a Saturday have added to this. Importantly we have in combination with Officers of the Calnbridge and Peterborough CoTnbined Authority, under the direction of the Mayor's Office, Collducted a full review to establish a sustainable future for CDAR &s it was accepted that wo provide an essential service. As a resulL we were PTovided with an additional grant of £44,000. There is a final proposal to incrgase our funding so that we are fulty sustainable with sufficient funds to renew our fleet on an on-going basis. This will be confmed in June 2025. The trtee5 consider that this will provide sufficient re5gTVgS to remain a going concern and to initiate a bus replacement programme for the future, The ChaTity is reliant on its existing reserves and grant funding together with the recent relief meaglwes the Government has introduced. The Trustees are constantly monitoring the situation and r¢viewing all possible scenarios. They consider the Charity with the support ot its fimders and planned InCreE in fares should have sufficient reserves to remalns as a going concen]. Ib) INCOME All incoming resources are included in the Statement of Financial Activiti.es when the Lharity is entitled to the income and the amount can be quantified with reasonable accuracy. (c) EXPENDtTURE Expenditure is recognised on an accruals basis as a liability 15 illGUTred. Expenditure includes any VAT which cannot be fully rewv¢r¢4 and is reported a5 part of the expenditsre to which it relate5. (d) OPERATING LEASES Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor, are charged against income as incurred. (e) DEPRECIATtON Dgpreciation is provided on ali tangible red assets at rntes calculated to WTite off the cost les8 estimated residual value of each asset over its expected us¢ful life as follows;_ Motor vehicles Office equipment FIxteS & fittings 12.50/0 Straigbt line basis 25 /& straight line basis 250/0 straight line basis (fj CAPITALISA TION T8ngible fixed &8S¢ts are recognised at rost when expenditure exceeds £1,000. Ig) DEBTORS Trade debtors and other debtors are recognised at their settlement arnount due after any discounts. Prepayments are valued at tbe amount prepaid net of ally trade discount due.
CAMBRIDGE DIAL A RIDE LIMITED PAGE 8 FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS (h) CREDITORS AND PROVISIONS Creditors and provisions are Tecognised where tho charity has a Present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured OT estimated reliabty. Creditors and provisioJL8 are norn]Ally recognised at their settlement amount after allowing for any trade discounts due. (i) FUND ACCOUNTING Restricted fLmds are to be used for the specified purposes laid domw by the donor. Expenditure for those purposes is charged to the fund, together with a fair allocation of overhead and support costs. Designated fimds are unrestricted funds. which have been designated for special purposes by the trustees. Unrestrictsd funds are donation5 and other incoming resources received or generated for expenditure on the general objects of the charity. (i) PENSIONS The charity contributes to Money purchase, defmed contTibution schetnes, Im behalf of its employees. No liability exists in respect of pensions other than monthly contributions due which are included within reditors. DONATIONS AND LEGAC]ES 2025 2024 Cambs South Rotary The Betty Lawes Foundation Pye Foundation Others 2,000 2,500 5,000 1,292 6,173 8,792 8,173 GRANTS RECEIVED 2025 Total Funds 2024 Total Funds Cambridgeshire & Peterborough combined authority Bus Service Operator's Grant Cambridgeshire County Council OASI Cambridge City Council South Cambridgeshire Council East Cambridgeshire Council Cambridgeshire & Peterborough combined authority-MIDAS 119,080 9,149 22,982 27,276 2,736 41,300 5,000 5,000 2,493 960 159,664 76,312 MEMBERSHIPS, FARES AND HIRE CHARGES 2025 2024 Concessionary fares Fares Hire charges Contracted hire Mernberships 57,810 63,417 21,833 17,195 2,606 41.776 46,571 17,756 16,101 1,920 162,861 124,124 NET MOVEMBNT IN FUNDS FOR THE YEAR Deficit for the yeaT is Stated after charging: Independent examination fee Depreciation of owned assets 2025 2024 750 12,168 650 14,839
CAMBIUDGE DIAL A RIDE LIMITED PAGE 9 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2025 NOTES TO THE FINANCIAL STATEMEwrs TOTAL EXPENDITURE 2025 Charitable Governance artivities costs 2024 Charitable Governauce artivities costs Total pended Totsl expended Accountancy Bank charges Computer costs Depreciation Fuel Independent exaroination Insurance Licences and subscriptions Miscellaneous Motor expenses Postage Premises Tepairs alld clealling Publicity and web51te - job advertising Rent, rates, light alld heat Staff costs (llote 7) Stationery Telephone Training and recruitment Unifornis Professional fees Trdvel and accornmodation Profit on disposals 3,555 1,126 2,424 12,168 15,834 3,555 1,126 2,424 12,168 15,834 750 6,653 4,018 1,220 17,641 783 2,597 1,420 877 2,536 14,839 13,123 1,420 877 2,536 14,839 13,123 650 7,876 3,429 2,240 28,683 1,124 2,505 750 650 6,653 4,018 1220 17,641 783 2,597 7,876 3,429 2,240 28,683 1,124 2,505 349 16,302 187,170 1,165 2,509 349 16,302 187,170 1,165 2,509 169 15,544 168,237 742 1,887 1,085 752 539 304 (500) 169 15,544 168,237 742 1,887 1,085 752 539 304 (500) 268,061 126 126 275,640 750 276,390 267,411 650 STAFF COSTS No remuneration w&s paid to any of the trustees in the year or the PTevious year nor were any expenses roimbursed to them. 2025 2024 The staff costs were-. Wages and salaries Social Security costs Other pension costs Staff welfare 176,181 8,194 1,772 1,023 159,093 6,247 1,603 1,294 187,170 168,237 No member of staff received remulleration of more than £60,000. The average w¢ekty nutllber of staff employed during the year was 9 (2024,. 9).
CAMBRIDGE DIAL A RIDE LIMITED PAGE 10 FtNANCtAL STATEMENTS FOR THE YEAR ENDED 3 1ST MARCH 2025 NOTES TO THE FANCIAL STATEMENTS FIXED ASSETS Year ended 3 1st March 2025 COST Balance at I st April 2024 Additions Motor OffiGe Fixtures Vehicles Equipment & Fitting5 Total 174,474 43,745 11,251 1,250 186,975 43,745 Balance at 31st March 2025 218,219 11,251 1,250 230,720 DEPRECIATION Balance at I st April 2024 Charge for the year Balance at 3 1st Marth 2025 113,200 11,143 124,343 9,689 715 940 310 123,829 12,168 10,404 1,250 135,997 NET BOOK VALUE AT 31st March 2025 93,876 847 94,723 FIXED ASSETS Year ended 3 1st March 2024 COST Balance at I st April 2023 Additions Disposals Balance at 3 1st March 2024 Motor Office Fixtures Vchicles Equipment & Fittings Total 154,974 35,500 (16.000) 174,474 10,727 524 1,250 166,951 36,024 (16,000) 186,975 11,251 1,250 DEPRECIATION Balance at 1st April 2023 Charge for the year Disposals Balance at 3 1st March 2024 100,889 13,811 (1,500) 113,200 8,975 714 626 314 110,490 14,839 (1,500) 123,829 9,689 940 NET BOOK VALUE AT 31st March 2024 61,274 1,562 310 63,146 DEB TORS Due within one year: Accrued incon Other debtors Trade debtors PT¢payment8 2025 2024 8,791 2,325 7,117 2,029 13,879 4,181 3,096 410 20,262 21,566 io. CREDITORS Due wiihin one year: AcGruals & deferred income Other taxes alld social security Trade creditors Other creditors 2025 2024 3,375 4,036 6,045 551 1,400 6,477 5,454 1,926 14,007 15,257
CAMBRIDGE DIAL A IUDB LIMITED PAGE 11 FJNANCIAL STATEMENTS FOR TFIE YEAR ENDED 3 1ST MARCH 2025 NOTES TO THE FINANCIAL STATEMENTS RESERVES Year ended 31st March 2025 Brought Forward CwTied Income Expenditure Forward Restricted Unrestricted Desigt]ated (vehicle replacement fd) 30,208 22,161 45,000 97,369 (6,250) 331.432 (270,140) 23,958 83,453 45,000 331,432 (276,390) 152,411 RESERVES Year end¢d 3 1st Marcb 2024 Brought Forward Carried Income Expenditte Forward Restricted Unrestricted D¢signated (vehicle replacement fLmd) 36,458 74,969 45,000 (6,250) 209,003 {261,811) 30,208 22,161 45,000 156,427 209,003 (268,061) 97,369 Restricted fullds cornprlses a grdllt received for the purchase of a bus. D¢signated funds aTe flmds set aside by the trustees for future bw replacements. 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS Year ended 3 1st March 2025 Tangible fixed assets Net current assets Total neÈ assets Restrictsd funds Designated fund5 Unrestricted funds 23,958 23,958 45,000 83,453 45,000 12,688 57,688 70,765 94,723 152,411 ANALYSIS OF NET ASSETS BETWEEN FUNDS Y¢ar ended 31 st March 2024 Tangible fixed assets Net current assets Total net assets Restricted funds Designated funds UJr¢stricted funds 30,208 30,208 45,000 22,161 45,000 (10,777) 34,223 32,938 63,146 97,369 13. LIABILITY OF THE MEMBERS The charity is limited by guarantee. In the event of the charity being wound up, the liability of the members is limited to £1. 14. RECONCILIATION OF NET MOVEMENTS fN FUNDS TO NET CASHFLOW FROM OPERATING ACTIVITIES 2025 2024 Net rnovement in fidS Deduct interest received Depreciation in the year and loss on disposals (Decrease)/increase in CTedito Decreasel(increase) in debtors Net casb used in operating activities 55,042 (115) 12,168 (1,250) 1,304 (59,058) (394) 14,839 6,736 (5,455) (43,332) 67.149 15. RELATED PARTY TRANSACTIONS No tte¢S w¢re Temunerated during the year. No expenses were reirnbursed to the trustees during the year.