Charrty rnglstration thumb•r 1059738 Company reglstratlon number3289587 {England and VPdles) EREWASH COMMUNITY TRANSPORT LIMITED ANNUAL REPORT AN.D FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 EREWASH COMMUNITY TRANSPORT LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Frank Phillips Chaimian Mrs Pamela Phillips Mr Roger Grèèn Mr Robert Rogerson Mr Mtyn Coldi￿tt Mr John Frudd Secretary Mrs TM Appleby Ms J Hrynozyszyn Charlty number ID59738 Company number 3289587 Prfnclpal addrg5S Unit 1 Hallam Fidds Road Ilkesttsn Derbyshire DE7 4A2 Auditor Afford Bond Holding5 Limited Enterprise Housa 97 Aldertey Road Wilmslo Cheshlre SK91PT Sollcltors Acltsns 20 R898nt Street Nottingham NG1 SBG EREWASH COMMUNITY TRANSPORT LIMITED CONTENTS Page Trusteas. report ststement of Tw$tees' responsibilities Independent auditorf$ report Statement of finanual acti￿lIeS B￿ance sheet Notes to the financial statements 10-19 EREWASH COMMUNITY TRANSPORT LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT> FOR THE YEAR ENDED 31 MARCH2022 The Trustees pr8sent thoir annud repyt and finanaal statements for the year ended 31 March 2022. The finanryal slatetnents have been prepared In accordance ￿th the aC￿U￿ting poliaes set out in note 1 to the nancial stslements and comply with the companls Igoveming docurnent], the Cornpanies Act 2006 and 'Accounting and Reportlng by Charities.. Statement of Recommended PraGtiGe applicable to charities preparing their accounts in accordance with the Finanoal Reporting Standard applicable in the UK and Republic of Irelar IFRS 1021" (effective 1 January 20191- Objectjves and activities The Chanty aims lo provide a fft?Trprofft maknng, community transport seNice for the benefft of the r8&dents of Erewash gnd surrounding afpas in the interests of soc181 welfere 8nd for the pres8Thalion of he8llh of those in need, ha￿&h[p snd distress by reason ofage, infinnty, mentsl orphy8ic8labMity the object olimproving their ondition of lrfe, Services may be usèd by community groupsAndNiduals meetfjng our eligiblty ur1￿8 and who are affiliated with us and have pr￿boOked in advance. SeTvices assist vulnerable chlldren and adults to maintain independence and provide improved life quality, increase choice and assist with swal intsgration. O¢casional non-profit social outings are provided for registered members. Four types of servlce ar8 eurrendy prorfded for th￿e who are eligibl&'. Dia144us {door to town 8hoppSngl. Following the withdrawal of DCC fvnding (2017), we continued operating the (much reduceffj services using our self-generaled income- Access to Health Healthlmedical appointment transport prowded with Ashboume Community Transport on behalf ¢f Derbyshire County Council.. Group Trnn$port Used by any gioup which benefrts the community,. Homè to Schooirrra5nlng Gentrn Services for thildren and adults wth special educational nepdsldisabilrties. Publlc Beneflt The Charity refers to the Charity Commissions 98neral guitlance on public benefrt when reviewng its aims and objective5 and planning futurè activities. Govgrnlng Do¢uments-Trustse Recrnltment Erewash Gommunrty Tran$wrt Ltd (ECTL} is a Registered Chafity and Company Limited by Guarantee op8rating in accordance with Gurrent lègislation (Companie$ Act ' and Char5ty Commission) and by iys Constitution and hllgm. &Artidos ofAssoaatson. El$¢tlon of Trustees As required by the Articles of Association, newty elected TNslees and one third of those remaining musl retire annually by rotsuon. 2022 sees the retirement of Trustees.. Robert Rogorson and Martyn Coldicott. When appointing Trustees. the Board considers our requirements and any speoalist skill¥ candidates may have, in accordance wilh current legislation detenllined by law. CarKlidates must be nominated by e￿Sts.ng parties th the Board's agreemenL in an'ex-offiio, capacity (with¢)ut voting rights). EREWASH COMMUNITY TRANSPORT LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORn ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Organlsatlonal st￿ctUre- Trustees must be aged 18+ and the Board must consist of a minimum of 3 (with no maximum limit}. Trustees are responsible for tha S¢heme's admlnlstratlon and hold m8eling$ (induding Su committe'e) TegLElarly and 85 required to discuss development of the Sthem8. Two ManagoTS employed by Trustees eath having delegated aLthority to facilitate day to day operations. Trustges ensure a Rlsk Management system is uset1 to regularfy assess. identfy and control potential risk with fofmal Trustee only meelin9s hèld as required. The profes8ional of an tsutsiée organisation ara employed to ensure compliance ￿th He31th & Safety and EmployThenl Lgw. Tru*ee Induction and Tr8ining Is availab￿ to ensure TTUStees understand their legal obligatims under Chanty J Company Law, Trustees are encoumged lo attend induction so they are famlliar wlth pdides, procedures and wor￿n9 practices. Group Structsft The Charity'$ wholly owned subsidiary company Derbyshire Community Minibus Ltd has not Ir3ded and remains dormant Clos• Worklng Relationshlps ar& estsblished ￿th. Erewash Borough Councll who continue to proMde discount under SLA conditions for local ¢pmmunity groups,. Dert)yshiTr / Nottinghamshire County cOtsn￿S, Communiiy TransportA&So￿a￿On UK Int8maUExternal Factors The Dial-a-Bu$ seNi￿ is entirely $otf-fvndgd, but il is essential lo s¢ur¢e funding for this seM¢e to continue and devew. The Trustees have pald duè regard to guidance issued by the Gharity Commissictn in decidiThJ what acti￿lJeS the company should undertake. Charftablg Actlvltles The proM$ion of speaalised transp4)rt seNicgs. Flnanclal revi8w We receive rTro external funding other than trom Erewash Borough COUMI (used solely lo provide disr￿urtt to communty groups transport costs. Investmènt Pollcy and ObJethes IAÈ have the power to Invest to generate fijnds for rAJntinuatlon and development of services. Reserves Pollcy We ￿11 a¢urnulate and hold re¥erves at such 18vets required to even wt future fluctuatiuns in income and expendtbjre whI￿t maintaining service provision. We are required by law to ensure suffiaenl reserves are held Icashlassetsl to be realised If necessary Its cover ¢9sts involvèd in the event the Scheme ￿n￿$ up.. Our accounts show we Gan cover ￿1 costs invclvad. The Trustees has assessed the major risks to which the company is exposed, and are salisfièd that systems are in ptace to mitigate exposure to the major risks. StruGture. governance and managemènt The company is a company limited by guaranlee and govemed by its M8morandum andArticles ofAssociatson and it's Constitution. The company is a registered charity and 8Cts entirely as a non profit making organisation. The company registration number Is 3289587. Th8 charity registration number is 1059738. EREWASH COMMUNITY TRANSPORT LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Trustses and thelr Interests The Trustees. who are also the dlredors for the purpose of company law. aTrJ who seTved du￿n9 the year8nd up lo tha date of signature of the financial statements were: Name of Trlthe Mr Frank Phillips Chaim2n Mrs Pam¢la Phillips Mr Roger Green Mr Robert Rogtsrson MT Matyn Coldicott Mr John FNdd Senior Staff members dalogatsd day.torflay managem&nt Mrs Tina Appleby (Finance} Company Secretary Ms Jackie Hrynczyszyn {Personne Company Secretary Elected REpre5entatlve Erewash Borough Council- Elected Representstnie, Councillor Terence Holbrook None of the Trustees has any benefldal interest in the compary. All of the Twstees are members of th8 ompany and guarantee to ¢ontsibuig £1 in Ihe evont of a windin9 UP. Trade CredltOTS The comp8ny's current policy conceming the payment of trade creditors is to ft4ow tho CBI'S Prompt Payers Code Icoples are avallable from the CBI, Centre PolnL 103 New Oxford Street, London WC1A 1DU). The companYs Gurrent policy conceming tho payThent of trade ¢r8ditor5 is ID: setue the terms of paymentwth suppliers when agreeing the terms of each transaetion., ensure that suppliers arè madè aware of the tems of payment by indusion ofthe relevant tems in contracts. and pay in aGGordance wlth the compantys Contra￿al and other legal obligations. Trade creditors of the company al the year end wère equlvalent tts $9 days {2021'. 75 days) purcha888. based on the average daily amount invoiced by suppliers dur¢ng the year. Auditor Auditors resolutTon will be proposed at theAnnual General Meeting thatAffoTd Bond is re-apptilntéd as audltors lo the charity for the onsuiftg year. EREWASH COMMUNITY TRANSPORT LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 R8vigw and Future Plans 2022123 .Frank Phllllps> Chalrnian I would like to begin my report by expressing my sincere gratitude to all of our staff, Tralners, Drivers. Passenger Assistants, office staff and Managers for their hard work over the past year by continulng to PTovide services and by keeping the vehides and offices clean and safe for everyone by helpSng reduce the spread ofthe viws. Our remole worknng facili1195 prtiwde￿ Managers with the Invaluable option of Nw)rklng remotsty, elther from home or Community Transport Swadlincote Ltd., i*hich fvrther ensured operations at both srtes ran as smoothly as possble wilh minimal dlsruption lo servlces. l am also happy to r8POrt that due to the relaxaknn of C19 reStriCt￿n8 over the past year, our user groups are bèginning t? use transport again so thelr Membe￿ can look fomard to long 8waikd trips and outings. Thi5 IS good news Indeed for the coming year. as effects of C19 s8w 8 8ignification loss of group seNice& Our ptans frjr the coming year include the replacement of some of the c*ld&r vehicles on tsur fleet the vehide replacement policy was agreed by Trustee$ som8 time ago, and means that wè wll purchase vehide$ outright. rather than lease. This has proven to be amryse decision and signfficarfy reduces repar and mainl&nanGe Gosts. Again, it has been anothw year when w8 hav8 been unable lo replac8 veh￿OS due to the uncertainty of future long tem Work and C19 and tts effect on Current and fiJture serwces. How8ver, l am pleased lo report that this year. we will be replacing several of our older land frankly very tired kJokiThJl fleet vèhides; thi$ is very welcome and long overdue. We are continuing to build on our working relationship wth Litlles Transport fdlowing Our purchase of shares in the cc)mpany in 2018. Ajthough il has been a dtfficult year for them (as it has for all transport opèralors across the UK). we hope to be in a better pos￿0￿ over the coming year to make better use of oui shared experience as tr2r)sport providers, in orderto c£Jnsider OPPOTbJnities for shared worknng. The Trusle rtwasap oved by the Board of Trustees. Mr Fra Illps Chalrman By order of the Tru8tee8 Dated: 7 Seplember 2022 EREWASH COMMUNITY TRANSPORT LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2022 The TTUStees. whts are also the directors of Erewash Community Transport Limtted for the purpose ol company law, are responsible for preparing the Trusl&es' Report and the finanaal statoments In accordance wlh applicable law and United Kingdom Accounting Standards (United Kingdorn GenerallyAcceptedAccounting Practice). Company Law requires the Tru8laes to prepare finarrial statsments for each financial year give a true and fwr viow of the state of affairs of the company and of thè incoming rosources and application of resources. including the income and expendrture, ofthe charitable company forthal year. In preparing these financial statements. the Trustees are requlred to: - setect suitabl8 accounting pc41cies and then appty th8m consistenuy, - observe the methudsand prinaples in the Charities SORP., - make judg?ments and estimates that are reasonable and prudent state vthether applicable UK Accounting Stsndards hav8 been follo￿Ed, SLbbject to aw material departures disclosed and explained tn the fin8ncial statements.. and pr8pare the finanaJ statements on the going concem basis unless f[ Is inappropriate to presume that the company will continue in operation. The Trustees are responsible for keeping adequate accounting records that disdose Mqth reasonable accuracy at any time thg financial position of the company and enable them to ensure that the financlal statements compty with the Companies Art 2006. They are also responsible for safeguarding thè assets of the company and hence for tsking reasonable steps for the p￿val￿On and d8tection of fraud and otherirr8gularitles. EREWASH COMMUNITY TRANSPORT LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF EREWASH COMMUNITY TRANSPORT LIMITED Opinlon We have audrted the finandal statemenls of Erewash Community Transwt knmited (the 'eompanVI for the year ended 31 March 2022 which comprise the stalemfrnt of financ(al activthes, tre balarsce sheet and notes lo the nanaal statements, includlng significant accounting poliues. The finanLial reporting framework that has been applied in their preparation is appllcable law and United Kingdom Awunting Stsnd8rds, including Financial Reportlng Stsndard 102 The Financial Reportlng Standard appI￿able in Ihg UK and Rèputsl￿ ￿ Ireland {Uniled lQngdom GenerallyAccepted Accounllng Praciicel. In our opSnion. the financia statements.. give a tru$ and fair view of the slate Df the tharilable companls affars as at 31 March 2022 and of its Incoming resources and application of resources, for the year then ended., have been property pfftpared In accordance wth United lfjngdom Generally AcGepled Accourrtlng PNclt¢e,' and have been prepared in accordance with the requirements ofthe Companwds Act 2006. Basls for oplnion Wa conduded our audrt in accordance wth International Standards on Auditing IUIQ {ISAs (UK)) and a￿l¢able law. Our responsibilil'es under those standards are further described in theAuditofs r8sponsibilitBs forthg audit ol the finanryal statgm8nts section of our rep¢rt We are independent of the ￿MpanY in accordance w¢th the ethical requirements that are relevant to our audit of the financial slalements in the UK, induding the FRC'S Ethical Standard, and we have fvlfilled ujr other ethical responsibilldes in accordance ￿th these requirernents. W• beliove that the audit evidence we have obtained is sufficient and appropriate lo prowde a basis for our opinion. Conclusion$ relating to g0Sng In auditing th8 finanual statements, we havè conduded Ihat the Trustees, use of the going concem basits of accounting in the preparation of the finanaal ststements is appropriate. Bas￿ on the Work w8 have performed. wè have not identiffed any material uncertainties relating to events or condib.ons that, indiwdually or collectiv8ty, may cast significant doubt on the companls ability to continue as a goin9 ncem for a period of al least knvefve months from when the financi￿ statements we authori8&d fc* issue. Our responsibilities and the resptsnsibllities of the Trustees wth respect to going concgm are desryibed in Ihe relevant Sections of this reporL Other infomiation The other infomati¢)n comprises the information included in the annual report other than the ffnancial 51alemenls and our auditorfs report thereon. Tha Tntstee5 are rèsponsible for the other information contslned within the annual reporL Our opinion on the ffnandal statements does not cover th8 other infornation and we do not eypress any form of assurance condusion thereon. Our responsibility 1$ lo read the other infomi?bon and, in doing so. consider whether the other information is materially inconslslent Mrith the finanoal statements or our knowledge obtsined in the course of the authL or othenmse appears lo be materially misstated. If we identify su¢h malorial inconsistencies or apparent materfal misststements. we are required to determine whethei this gwes rise to a material misststement in the financia] statements themselves. If. basèd on the work we have p&rfomied. we conclLKle that there is a material misstslemenl of this other infomation, we are required to report that fart. We have nothing to repclrt in thls regard. Mattèrs on vthlch we are required to report by ex¢eption We have nothing to report in ￿sPeCt of the folbwng matters in relatlon to which the Charities (Accounts and Reports) Reg￿allonS 2008 require us to report to you if, in our opinion.. the inforMa￿Dn given in Ihe finan￿al statements is Inconsistent in any material resp￿1 with the Trustees, report., or sufficient accountin9 records have not been kept,. or the finantyal statements are not in agreement with the a￿untIng records,. o)r we have not re￿IVed ail the infomialion and explanations we roquirg for ¢Jtr au(fil. EREWASH COMMUNITY TRANSPORT LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF EREWASH COMMUNITY TRANSPORT LIMITED Responsibilitie5 of Trustees As explained more fully in the statement of Trustees, responsibilities, the Trustees, who are also the directors of the company for the purpose of company law, are responsible for the preparation of the finanaal statements and for being satisfied that they gThre a true and fair view, and for such internal control as the Trustees detemiine is necessary to enable the preparation of financial statements that are free from material misstatement whether due to fraud or error. In preparing the financial statements, the Trustees are ￿Sponsible for assessing the companys ability to ¢ontinue as a going concem, disclosing, as applicable, matters related lo going con¢em and using the going CDn¢ern basis of accounting unless the Trustees either intend to liquidate the charitable company or to tsase operations, or have no realistic altematwe but to do so. AudEtorfs responsibilities for the audlt of the financial ststements We have been appointed as audicor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectThies are to obtain reasonable assurance about whether the financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an audff(oVs report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance wrfth ISAS IUKI will always delect a material misstatèment when it exists. Misstatements can arise from fraud OT error and are considered material if, individually or in the aggregate. they could regsonabty be expected to infiUer￿¢ the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are ￿Pable of detectlng Irregularlties, including fraud, is detailed below. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https.'Il www.fr¢.org.ukJaudilorsresponsibilities. This description foryns part of our audilorfs report. Use of our report This report is made solely to the charity's twstees, as a body, in ac￿rdanCe with part 4 of the Charlties (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate lo the cha￿ty,5 trustees those matters we are required to stsle lo them in an audvcors, report and for no other purpose. To the fullest extent perniitted by law, we do not accept or assume re$ponsibility to anyone other than the charity and the charitws trustees as a body, for our audit work. for this reporL or for the opinions we have formed. Peter O'malley ACA FCCA CTA {Sènior Statutory Audltor) for and on behatf of Afford Bond Holdings Limited 10 October 2022 Chartered A￿OUntants statutory Auditor Enterprise House 97 Aldefley Road Wlmslow Cheshire SK9 1PT Afford Bond Holdings Lim(ted is eligible for appointment as auditor of the company by virbJe of its ellglbility for appointment as auditor of a company under section 1212 of the Companies Act 2006. EREWASH COMMUNITY TRANSPORT LIMITED STATENIENT OF FINANCIAL ACTIVITIES INCLUDING INCOMEAND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 Unrèstrlcted Restrlcted funds funds 2022 2022 Total Unrestr1ctsd R•strict8d fund$ funds 2021 2021 Total 2022 2021 Notss Income and endowments from.. Voluntary ineom8 Charitable a¢UvlJes Investments other In￿re 49,809 701,108 20,371 13.034 50 23.748 49,859 724,856 20,371 13,034 146,437 617.936 28,455 9,450 6,105 20,545 1 $2,542 638,481 28,455 9.450 Totsl Income 784,322 23,798 808,120 802,278 26,650 828,928 ndlture on: ChaTilable activlties S34,762 534,782 490.042 490,042 Other 10 1,382 1,382 3,447 3,447 Totsl expendlture 538,144 536.144 493,489 493.489 Net Income for the yearl N•1 movemont In funds 248,178 23,798 271,97fj 308,789 26,650 335,439 Fund balances at 1 April 2021 2,346,769 2,34e,769 2,011,330 2,011,330 Fund balances at 31 March 2022 2,594,947 23,798 2.618,745 2,320,119 26,650 2,346.769 The statement of finan¢i81 a¢bMties includes all gains and losses recognised in tre year. Al income 8nd expendilure derive from continuing activlues. The slalement of finanoal activitie8 also complles wth the requir￿entS for an In￿Me and expenditure acwunt under the Companies Act 2006. EREWASH COMMUNITY TRANSPORT LIMITED 8ALANCE SHEET ASAT31 MARCH2022 2022 2021 Notes Fixed assets Tangible assets Investments 11 12 556,785 80,100 336,428 80,100 838.885 416.528 Current assets Debtors Cash at bank and in hand 13 371,004 1,707,172 3e6,453 1,672.910 2.078,176 2.039.363 redltQTS'. amounts falllng due vAthin one y8ar 14 {96,316) 1109,122) Net CUTrent assets 1,981,860 1,930,241 Totsl assets less currnnt Ilabilltl 2,818.745 2.346.769 Income funds Restricted funds Unr8Stricted funds 23,798 2,594,947 26,850 2,320,119 2.618,745 2,346.769 The company1s entitled lo the exèmptlon from the audit requirement contained In seGbon 477 of the Companies Act 2006, for the year ended 31 March 2022, atthough an aud￿ has been caThied out under sedion 144 of the Charitses A¢t2011. The directors ackno￿edge their responsibil￿eS for compwng vhth the requlrements of Ihe Companies Act 2008 with resp&* to accounting rec(￿5 and the preparation of financi81 statemet)ts. The members have not requiiEd thè company to obtain an audit of frts fin£nck?I slatements under the requirements of the CompaniesAct 2006. forthe year in question in aeLordan¢e with section 476. These finarrid statements have bepn prepared in a¢wrdan¢g &￿th the provisgns applirable to companies subject lo the small companies regime. Thefinan teM￿lts were approved by the Trustees on 7"S¢ptember 2022 Mr Frank Trustee airman Company registrallon number 3289587 EREWASH COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Aecountlng pollcl•s Chaylty Infomlatlon Erewash Communty Transptsrt Lim￿ad is a privat? company limited by guarantee incorporated in England and Wales. The r￿￿$tered office is. 1.1 Accountlng convontlon The finand81 stslernents have been prepared in accori*ance with the cofflpanys Igovemlng documenll, the ¢ornponie$ Act 2006, FRS 102 'The FinanGlg1 Reporting Standard appliethl? in the UK and Republic of Ireland" {'FRS 1021 and the Charities sof

asi$ of time spenl and deprsciation charges are alloca18d on the portion of Ihe a8seVs use. 1.5 Tangible fix¢d assets Tangible fixed assets are initl81ty measured at cost and subsequenily measured at eosl or valua￿On, net of depre¢i*"on and any Impaim)ent 1¢$￿e$. Deprectation 18 rècagnised so as to wrfte off the Gost or valuation of assets less their residual values over thelr U5efvl lives on the followng bases.. Land & Buildings Office Equipment Computers Motor vehldes 10Dh redudng balarbce 33.3% straight line 200h reducing balan¢e The gain or loss artsing ¢)n the disposal of an asset is determined as the difference btheen the sle proceeds and thg carrying value of the asset, and is fftcognised in the stalernenl of financial activitses. 1.6 Flxgd assel Invostments Fixed asset investments ar8 inibally measured at transactian price exclLKllng transaclion costs, and are subsequenlty measured at fair value at each reportlng dale. Changes in far value are recDgnised in ngt irKgmellexpendibJrel for the year. TransaGtion costs are expensed as incurred. A subsldl8ry is an entity controlled by tre company. Ctsntrol is the p¢werto govem the financlal and cperatlng policies of the enltty so as to obtain benefrts from its activities. 1.7 Impalm)eht of flxed assets At each reporting gnd date, the company revtews the carying amounts of its tanglble as8e18 to detemilne whether there is any indication that those assets have suffered an impaiment loss. Ir any such indication exsts, the recoverable amount of tho asset is estimated in order lo determine the extent of the impairment loss (If ?ny). 1.8 Cash and cash equfvalents Cash and cash equivalents ir￿l￿de cash in hand. deposits hold ai call with banks, othfrT short-temi Ilquid investments wth Original maturits.és ofthree months or I￿. and ba￿ ov8rdraits. Bank ov8rdrats are shown wilhin borrownos In current liabilme$. 11 EREWASH COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2022 Accountfng pollcles {Continued) 1.9 Flnanclal In$trum¢nts .The comparty has elected to apply the provisions of SeGtion 11 'Basic Finanaal Instruments. and Seciion 12 'Other FInan￿al Instruments Issues, of FRS 10210 all of its financial ir￿trUments. nandal instruments are rewgnised in the company's balance sheet ￿en the company be¢ome$ paty to the contractul provisions of the instrument. nanual assets and Ilabilities are offsèt. wth the net amounts presented in the finan￿?1 slalements, w￿n there is a lagally enforceable right to sel oft the rer3)gnised amounts and ther& is an intention to settle on a net basis or to realisfr the asset and settle the liability simultanetsusly. Basic 17nan¢ial assets Basc financial assets. whic*t Include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently co￿￿ed al amortised c05t using the effecb've interest method unless the a￿angement constitutes a financing transadion, where the IransaGfjon is measured at the present value of the future receipts discounted at a m8rket Tate of inleresl. Flnanelal assets classified as receivable withln one year ara not amottised. Basic financial Ilabllltles Basi¢ financial liabilities. including creditors and bank loans are initially recognised at transaction pri￿ unless the arrangement constitutes a finanThng transaction, wher8 the debt instrumont is rneasured at Ihe pr$sgnl value of the future paymertts discgunted at a market rate of interest. Financil liabilities dasstfied as payable within one year are not 8morti88d. Debt instruments subsequw carried at amortised cosL using the effeclfve interest rate method, Trade creditors are obligations to pay for goods or $erviGes that hatse begn aGquiTed in the ordinary course of operations from suppliers. Amounts payable are dassffied as current Ilabilit￿S rf payment is due wthin one year or less. If not, they are presented as non-current liabilities. Trade creditors aTe recoynised initially at transaction price and subsequenty m&a8ured at 8moi*seé cost using the 8ffectSve interest mathod. Derecognition of finanelal Ilabllllles Financial liabil￿￿$ are derecognlsed when the compan￿8 cDntractua oblig￿on$ explre or are discharged or caneelled. 1.10 Employee benefits The Cost ol any unused holiday entittement is re¢ognisad in the peri￿1 in whth the employ¢e's se￿¢eS are received. Temiinatlon benefits are recognised immedialety 8s an expense when the company is demonslrydb committed to t¥mlnat8 the employment of an employee or to provide termination benefits. 1.11 Retirement banefits Payments to dafined contribution retirement benefit schemes are charged as an expense as they fau due. -12- EREWASH COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Crftlcal actountlng gStÈmates and Judgemgnts In the application of the company's aGcounting poli¢les, the Trustees are requirgj to make judgements. estimates and assumpuons about the ¢arying amount of assets and liabilities that aro not readily app8r8nt from other sources. The estimates and associated assumptions are based on htslorical 8xperience and other factors that are considered to be relevanL Actual resuts may differ fr￿￿ these estimates. The estimates 8nd undertylng assumptions ar8 rgvigwed on an ongolng basis. Revisions to ?Gcounting eslmates are recognised in tro pwiod in Nthich the estimate Is rews¢d where the revÈsion aff8Ct$ only that period. or in the period of the revision and flrture periods where the rewsm affeds both current and future periods. Voluntary Income Unrestrlrted RoStri¢tgd funds funds Total Unrestricted Restrthd funds funds Total 2022 2022 2022 2021 2021 2021 Donations and gnls Grants receiv 50 50 49,809 6,105 6.105 146,437 49,809 146,437 49,809 50 49,859 146,437 6,105 152,542 harltable a¢t]vltles Transport Transport Servlces S$rvlc 2022 2021 . Contract transport Group transp¢)rt Dial a bu8 Local govemment grants and gifts Department ￿transport 653,391 43,301 1,878 2,540 23,748 616.260 1.678 4,594 15,951 724,856 638,481 Anatysis by fund Unrestricted funds ReslriGted fvnds 701,108 23,748 617,936 20,545 724,858 838,481 13- EREWASH COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2022 Invostments unre5￿Cted Unrestricted funds funds 2022 2021 Incom8 unllsled invesknenls Investment income Rent recelvable 10,000 4,371 6.000 15.QOO 7,455 6,000 20.371 28,455 Other Income Unrestrlct8d Unrgstrietsd funds fvnds 2022 2021 SeNic&8 to Lltttes Other income- training 12,600 434 9,450 13.034 9,45 14- OOOOV c roo>o)v(ooJ I *II> tyj ￿￿)1 ¢D in N o) rts Ln (5)* r ¢71 1 V OOOOrO tx) ro 4) * rD U> ¢£> ¢0 (D r Ltyjn O (e Lr) f9(• 10 Q ry) ￿) * in Iii" OfJrfOOfQ 10 ¢0 v C) DI (%} P) V)ffja<82 EREWASH COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Trustees None of the Trustee8 lor any persons connected ￿1th th$m} recelved ary remuneration or kn&fits from the company during the year. Employees The average monthly number of employeès during the year was.. 2022 Number 2021 Number OfFIc8 Drivers and escorts 36 Tol 39 39 Employment costs 2022 2021 Vwdges and saarie$ Social secuiity costs Olher pension ¢osts 324.081 12.672 10,811 309.201 11,465 ID,027 347,564 330.693 There were no employees whose annual remuneration was £60,000 or more. 10 Other Unrestrlcted Unrestrictsd fund$ nds 2022 2Q21 Net Ioss Dn disposal of tsngible fixed assets 1.382 3.447 1,382 3,447 16- EREWASH COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 11 Tanglble fixed assets Land & Bulkllng5 Offlce CwutorsMolorvohl¢lpB Equlpmont Total Cost At 1 April 2021 Addltions Dispos￿8 178,950 7,551 29.006 745,165 271,393 135.3951 96D,672 271,393 {54,654} 119259} At 31 March 2022 178,950 7,551 9,747 981.183 1,177,411 Dopreclatlon and lrnpairmÈnt Al l April 2021 Dèprectalion charged in the year Elimin*ed in respect of disp￿alS 17,651 837 S.648 190 29,006 571.939 47.577 1192591 (32,963) 624,244 48.604 (52,222) At 31 March 2022 18,488 5,838 9,747 586,553 e20,626 Carrying amount Al 31 March 2022 16D.462 1,713 394.610 558.785 At 31 March 2021 161,299 1,904 173.225 336.428 12 Flxed ass•t Investments Unllsttd othor Investments invèstments Total Cost or valuatlon At 1 April 2021 & 31 March 2022 80,000 100 80,100 Carylng amounl At 31 March 2022 80,000 100 80.100 At 31 March 2021 80.000 100 80,10D 2022 2021 Other investments comprise.. Notes Investhents in subsidiaries 100 17- EREWASH COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEPIIENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 13 Debtors 2022 2021 Amounts tslllng due ￿thIn one year: Trade debtors Amounts owed by subsidiary undertakings othor dèbtors Prepayments and accrued Inojmtr 9,409 149,903 129,763 81,929 2,856 149,985 132,e89 80,723 371,004 366,453 14 Crodltors: amounts falllng due wlthln one y9ar 2022 2021 Other taxation and soaal securlty Trade creditors Other creditors Accruals and deferred Income 3,978 86,491 1.699 4,150 3,603 100,632 737 3,950 96,316 109.122 15 Analysls of net a$sets betwgen fund5 Unrestricted Restrlctod fund$ funds 2022 2022 Total Unrestiicted Restricted fvnds funds 2021 2021 Total 2022 2021 Fund balance¥ at 31 March 2022 ar8 rewesented by.. Tangible assets Investrnents Current assewoiabilitiesl 556,785 80.100 1,981.860 556,785 80,100 1,981.860 336,428 80,100 1,93D,241 336,428 80,100 1,930,241 2,618,745 2,618.745 2.346,789 2,346,789 16 FlnanGlal commltments, guarantèès and contlngent Ilabilitl8s The total financtal commitments of th8 company werè £10.351 {2021.' £10,851). 17 Trustee's r¥Mune￿tiort and expen$os TTusleès recèived reimbursement for Iravd costs for atiending meetinys bvhich 8mo¢Jnted to £Nll (2021: £niD. 18 Related party transadons There were no disdosable related paty transactions durin9 the year (2021- nong). 18- EREWASH COMMUNITY TRANSPORT LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 19 Subsidiaries Detsils ofth& companvs subsidiaries at 31 March 2022 are as follow& Name