The Fellrunner Village Bus
Limited
(A company limited by guoranteel
Annual Report and Financial
ststements
31 December 2024
Company registration number: 03369311
Charity registratlon number.. 1064593
dOdd&co

The Fellrunner Village Bus Limited
Contents
Reference and Administrative Details
Trustees. report
Trustees, responsibilities in relation to the financial statements
Independent examinels report
Slalemenl of financial activities
Balance sheet
Notes lo the financial statements

The Fellrunner Village Bus Limited
Reference and Administrative Details
Charlty name
The Fellrunner Village Bus Limited
Charlty rogistratlon numbor
1064593
Company regislration number
03369311
Principal offjce
1 Brooklands Carleton Road
PENRITH
CA118LT
Registered office
1 Brooklands Carteton Road
PENRITH
CA118LT
Trustee8
N R Hannah
M Hodgson
(Resigation 30 September 20241
J McGilloway
K McGilloway
(Resignation 22 May 2024)
C Randall
Rwatt
P Williams
(Appointed 15 April 20241
W M Thompson
(Appoinlment 1 January 2025)
G M Sunderfand (Appointment 1 January 20251
Secrelaries
N R Hannah (Resigation 9 July 20241
C Randall
(Appointed 9 July 20241
Accountant
Dodd & Co Limited
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA12RW
Page 1

The Fellrunner Village Bus Limited
Trustees. Report for the Year Ended 31 December 2024
The trustees are pleased to present their annual report wrth the financial slalemenls of the charity lor the year
ended 31 December 2024 which are also prepared to meet the requirements for a directors. report and accounts
for Companies Act purposes.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the
accounts and comply with the charity's goveming document. the Charities Act 2011 and Acuunting and
Reporting by Ch8rities.- Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constitution
The ch8rity is constituted under 8 Memorandum and Articles of Association dated 17 July 1997.
The principal activity of the charity is to provide services linking Penrith and Carlisle to the Eden District villages.
Appointment of Trustees
The management of the company is the responsibility of the trustees who are elected and co-opted under the
terms of the Articles of Association.
Names of possible trustees are proposed by the current trustees and brought to a meeting of the directors for
consideration at which a decision of appointment is made. All trustees stand down at the AGM and offer
themselves for re-election. Experience, skills and appropriate personal qualities of such candidates are taken into
account. Potential trustees are made fully aware of the aims and purpose for which the charity was established
and must fully support the aims contained with the governing documents.
Trustees are provided with infomiation made available by the Charities Cornmission that lay out the
responsibilities of trustees, describes and clarifies legislation and ensures they are kept up to dale with the
charity sector.
Organisation structure and decision making
Twslees, meetings are held regulady and attended by all trustees lo consider the current issues facing the
charity.
Risk management
The trustees have assessed the major risks to which the charity is exposed, in particular, those related to the
operations and finances of the charity. The trustees are satisfied that systems and procedures are in place to
mitigate exposuie to major risks.
Public benefit
The tnjstees confimi that they have complied with the duties in section 17 of the Charities Act 2011 to have due
regard *0 the public benefit guidance.
OBJECTIVES AND ACTIVITIES
Policies and objectives
The principal objectives as sel out in the Memorandum of Association are to promote any charitable purpose for
the benefit of the area covered by the Fellrunner operations in the County of Cumbria. In partiCLtlar the
advancEment of education. and relief or povety, sickness, old age and distress through the provision of
transport.
Actlvltles for achieving objectives
The charity operates bus seNices between Carlisle, Penrilh and a number of local villages in the Eden District.
This is the only source of transport for a large number of residents.
Page 2

The Fellrunner Village Bus Limited
Trustees. Report for the Year Ended 31 December 2024
ACHIEVEMENTS AND PERFQRMANCE
Review of activities
In 2024 Fellrunner continued to provide its scheduled services to rural communities in the Eden, Lowther and
Lyvennet valleys and expanded its excursions and private hire services which support the scheduled servic£s
and allow the whole operation to be sustainable.
The financial perfomiance was satisfactory overall, with total revenue for the year rising to £90.6k. a 4.kn increase
on prior year. Fellrunner gratefully acknowledge the support of the (bus service operators granti.
Westmor18nd and Furness Council, Penrith Town Council and numerous parish councils, 211 of which have
contributed grants or donations during the year. Day to day operating cosls for Fellrunner were £53.1k, an
increase of 150/y. This increase related entirely to incieased insurance and maintenance costs foi Ihe bus fleet.
For 2024 Insuran￿, which had formerly been provided through the local authority but was no longer available
following local government re-organisation, had to be procured at more than the cost on the open m8rket.
Accidental damage lo the buses in service resulted in close to a doubling of Maintenan￿ costs. All other costs
were held at or below previous years levels. Depreciation rose sharply due to the acquisition of the new low floor
bus in late 2023, and a first knll year's depreciatton charge in 2024.
Despite these somewhat challenging Circumstan￿$, Fellrunner broke even in P&L temis in 2024, and ils total
assets remain unchanged. However, by the end of 2024 it had Substantially increased its funds available for new
vehicles trom the low point immediately after purchasing the last bus in late 2023. In addition, during the year,
Fellrunner made applications for grants to, and received pledges of financial support from. ￿40 charitable trusts
amounting to £20k, to be spent on the purchase of the next bus, which is anticipated will be required in 2026.
This potential income has not been recognised in the accounts thus far.
During the year Kevin McGilloway stepped down as chair and the directors wish lo acknowledge the huge
contribution he made to Fellrunner over many years and continues to make as volunteer operations and
maintenance manager. The board has been strengthened with new members. It is pleasing to report that several
new volunteer drivers were recruited during 2024 and are now completing MIDAS qualifications and will be able
to contribute towards running the service in 2025 and beyond. The directors wish lo express their huge thanks to
all volunteers for their excEptional levels of servic2 to their community.
PLANS FOR THE FUTURE
Future developments
The charaty plans lo continue to provide ServI￿S to all routes il currently operates. The trustees are considering
further routes as necessary_
FINANCIAL REVIEW
Reserves policy
The charity has developed a reserves policy whereby the trustees annually review the reserves held in its
unrestricted budget, ensuring there are sufficient funds to meet known liabilities and maintain as healthy a
balance as possible for contingenaes.
The truslees consider it prudent to hold funds equal to approximately six months operating costs which is
approximately £27,000.
Review
Totsl income for Ihe year amounted to £90,63612023 - £86,832) with total expenditure being £90.601 12023
£68,483).
At the year end, unreslricted funds were £200,848 {2023 - £215.813> and restricted fund5 were £18,11612023
£3,116). Free reseNes at 31 December 2024 amounted to £88,138 {2023- £65,608).
Page 3

The Fellrunner Village Bus Limited
Trustees. Report for the Year Ended 31 December 2024
Small company provisions
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on 13 March 2025 and signed on its behalf by:
N R Hannah
Trustee
Page 4

The Fellrunner Village Bus Limited
Trustees. Responsibilities in relation to the Financial Statements
The trustees Iwho are also directors of The Fellrunner Village Bus Limited for the purposes of company lawl are
responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable
law and the Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland,.
Company law requires the trustees to prepare financial statements for each financial year which give a true and
fair view of the stale of affairs of the charitable company and of the incoming resources and application of
resources, including income and expenditure, of the charitable company for that period. In preparing these
financial statements. the trustees are required to-.
select suitable accounting policies and then apply them consistently.
obseNe the methods and principles in the Charities SORP.
make judgements and eslimales that are reasonable and prudent.,
state whether applicable UK accounting standards have been followed, subject to any material departures
disdosed and explained in the financial statements,. and
prepa￿ the financial slalements on the going concern basis unless il is inappropriate to presLtme that the
charilable company will conlinue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al
any time the financial position of the charitable company and enable them to ensure that the financial statements
comply with the Companies Ad 2006. They are also responsible for safeguarding the assets of the charitsble
company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 5

Independent Examiner's Report to the Trustees of
The Fellrunner Village Bus Limited
I report on the accounts of the company for the year ended 31 December 2024, which are set out on pages 7 to
18.
Respective responsibilities of trusteeg and examiner
The trustees {who are also the directors of the company for the putposes of company law) are responsible for the
preparation of the accounts. The trustees consider that an audit is not required for this year under section 144121
of the Charities Act 2011 as amended by the Ch31ities Act 2022 (the Act) and that an independent examination is
needed.
Hawng satisfied myself that the charity is not subject to audit under Part 16 of the Companies Act 2006 and is
eligible for independent examination, it is my responsibility to".
examine the accounts under section 145 of the Act"
follow the procedures laid down in the General Directions given by Ihe Charity Commission under section
145 {5} (b) of the Act,. and
stale whether particular matters have come lo my attention.
Basis of indepondent examinerfs report
My examinats'on was carried out in accordance with the General Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual items or disclosures in the accounts,
and seeking explanalions from you as truslees concerning any such matters. The procedures undertaken do not
provide all the evidence that would be required in an audit and consequently no opinion is given as to whether
the accounts present a 'lrue and fair view and the report is limiled to those matters set out in the statement
below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention".
111 which gives me reasonable cause to believe that in any material respect the requirements..
to keep accounting record5 in accordance with section 386 of the Companies Act 2006-, and
to prepare accounts which accord with the accounting records, comply with the accounting
requirements of section 396 of the Companies Act 2006 and with the methods and pnnciples of
the Statement of Recommended Practice.. Accounting and Reporting by Charities
have not been met", or
{2} lo which. in my opinion, attention should be drawn in order to enable a proper understanding of the
accounts to be reached.
FIFTEEN Rosehill
Montgomery Way
Rosehill Eslale
CARLISLE
CA12RW
Martin
radaile ACA
Dodd & Co Limited
Chartered Accountants
13 February 2025
Page 6

The Fellrunner Village Bus Limited
Statement of Financial Activities (including Income and Expenditure Account) for the Year
Ended 31 December 2024
Unrestricted Restricted Total Funds Total Funds
Funds
Funds
2024
2023
Note
Income and endovfflients frorn:
Donations and legacies
Investments
Charitable activities
Totsl income and endowmenls
28,916
1,665
45,055
75,636
15,000
43,916
1,665
45,055
90,636
37,309
1,162
48,361
86,832
15,000
Expenditure on-
Charitable activities
Total expenditure
90,601
90,601
90,601
90,601
68,483
68.483
Net income before transfers
{14,965}
15,000
35
18,349
Transfers
Transfers betsveen funds
Nel movements in funds
114,9651
15,000
35
18,349
Reconciliation of funds
Total funds broughl forward
Total funds carried foMard
215,813
200,848
3,116
18,116
218,g29
218,984
200,580
218,929
All of the Charity's activities derive from continuing operations during the above peiiods.
The notes on pages 9 to 18 form an integral part of these financial statements.
Page 7

The Fellrunner Village Bus Limited
Company registration number: 03369311
Balance Sheet as at 31 December 2024
2024
2023
Note
Flxed assets
Tangible assels
112.710
150,205
Currentassets
Debtor$
Cash at bank and in hand
10
8,527
104.486
113.013
10,815
64,729
75,544
Creditors: Amounts falling due within
one year
16.7591
(6,820)
Net current assets
106,254
68,724
Net assets
218,964
218,929
The funds of Ihe charity:
Restrlcted funds
18.116
3,116
Unrestrlcted funds
Unrestricted income funds
200,848
215,813
Total charity funds
For the financial year ended 31 December 2024, the charity was entitled to exemption from audit under section
477 of the Companies Act 2006.
218,964
218.929
The members have not required the charity lo obtain an audit of its ,accounts for the year in question in
accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Act wilh respect to
accounting records and the preparation of accounts.
These accounts have been prepared in accordan￿ with the provisions applicable to companies subject lo the
small companies regime.
Approved by the Board on 13 March 2025 and signed on its behalf by..
N R Hannah
Trustee
The notes on page5 9 10 18 form an integral part of these financial statements.
Page 8

The Fellrunner Village Bus Limited
Notes to the Financial Statements for the Yèar Ended 31 December 2024
Accounting poli¢ies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consislently applied to all the years presented. unless otherwise stated.
Slatement of compliance
The financial statements have been prepared in accordan￿ with Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordan￿ with the
Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January
20191- (Charities SORP (FRS 10211, the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021 and the Companies Acl 2006.
Basis of preparation
The charitable company meels the definition of a public benefit entity under FRS 102. Assels and liabilities
are initially recognised at historical cost or transaction value unless otherwise slaled in the relevant
accounting policy notes.
Going concern
These financial statements have been prepared on a going concem basis.
The Iruslees assess whelhei the use of going concern is appropriate i.e. whelher there are any material
uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity lo
continlse as a going COn￿rn. The trustees make this assessment in respect of a period of one year from the
date of approval of the financial statements.
Fund accounllng pollcy
Unrestricted income funds are general funds that are available for use at Ihe truslees, discretion in
lurtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of
which is restricted to that area or purpose.
Designated fijnds are unrestricted fijnds set aside al the discretion of the trustees for specific purposes.
Further details of each fund are disclosed in note 14.
Page 9

The Fellrunner Village Bus Limited
Notes to the Finan¢ial Statements for the Year Ended 31 December 2024
. continued
Income and endowments
Donations are recognised when the Charity has been notified in writing of both the amount and settlement
date. In the event th81 a donation is subject lo conditions that require a level of performance by the Charity
before the Charity is enlilled lo the funds, the income is deferred and not recognised until eilhei those
conditions are fully mel, or the fulfilment of those conditions is wholly within the control of the Charity and it
is probable that these conditions will be fulfilled in the reporting period.
Legacy gifts are recognised on a case by case basis following the grant of probate when the
administorjexecutor for the estate has communicated in wriling both the amount and settlement date. In the
event that the gift is in the fomi of an asset other than cash or a financial asset traded on a recognised stock
exchange, recognition is subject to the value of the gift being reliably measured with a degree of reasonable
accuracy and the tille to the asset having been transferred to the Chanty.
Income from Government and other grants, whether 'capilal' granls or 'ffvenue' grants, is recognised when
the charity has entitlement to the funds. any performance conditions attached lo the grants have been mel,
it is probable that thè income will be received and the amount can be measured reliably and is not deferred.
Investment income is recognised on a receivable basis.
Income from charitable activities includes income recognised as eamed las the related goods or services
are provided} under contract.
Expenditure
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the
expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings
that aggregate all costs ￿lated to the category.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its benefici8ries. It includes both costs that can be allocated directly lo such activities and those
costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated lo activity cost categorie5 on a basis
consistent with the use of resources. for example, allocating property costs by floor areas, or per capila,
staff costs by the lime spent and other costs by Iheir usage.
Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Taxation
The Charity is considered to pass the lesls set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of s charitable company for UK corporation tax purposes. Accordingly, the
Charity is potentially exempl from taxation in respect of income or capital gains received within categories
covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively to ch8ritable purposes.
Fixed assels
Individual fixed assets costing £1000 or more are initially recoided at cost.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value. over their expected useful economic life as tollows..
Plant and machinery
Motor vehicles
Computer equipment
150/0 reducing balance
25Q/o reducing balance
25 /0 reducing balan¢
Page 10

The Fellrunner Village Bus Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
. conh.nued
Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary
course of business. Trade debtors are recognised initially at the transaction price. They are subsequently
measured at amortised cost using the effective interest method, less provision for impairmeni. A provision
for the Impairment Df trade debtors is established when there is objective evidence that the Charity will nol
be able lo collect all amoLJnls due according to the original terms of the re￿1vableS.
Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-terrn highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
change in value.
Liabilities
Trade creditors are obligations to pay for goods or Se￿IceS that have been acquired in the ordinary course
of business from suppliers. Accounts payable are classified as current liabilities if the Charity does not have
an unconditional right, at the end of the reporting period. lo defer settlement of the creditor for at least
velve months after the reporting dale. If Ihere is an uncondition81 right to defer settlement for at least
t￿e1ve months after the reporting date, they are presented as non-currenl liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised
cost using the effective interest method.
Flnancial instruments
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual
provisions of the instrument. Financial liabilities and equity instruments are classified according to Ihe
substance of the contractual arrangements entered into. An equity instrument is any contraci that evidences
a ￿sidUal interest in the assets of the Charity after deducting all of ils liabilities.
All financial assets and liabilities are initially measured al Iransaclion price (including transaction costs),
except for those financial assets classified as at fair value through profit or loss, which are initially measured
at fair value (which is normally the transaction price excluding transaction costs), unless the aifangemenl
constitutes a financing tr8nsaction. If an arrangement constitutes a financing transaction, the financial asset
or financial liability is measured at the present value of the future payments discounted at a market rate of
interest for a similar debt inslrumenl.
Financial assets and liabilities are only offset in the statement of financial position when, and only when
there exists a legally enforceable right to set off the recognised afflounls and the Charity intends either to
settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when al the contractual rights la the cash flows from the
financial asset expire or are settled, bl Ihe Charity transfers to another paty substantially all ol the risks and
rewards of ownership of the financial asset, or c) the Charity, despite having retained some. but not all,
significant risks and rewards of ownership, has transferred control of the asset to another party.
Financi21 liabilities are olerecognised only when the obligation specilied In the contiact is discharged,
cancelled or expires.
Page11

The Fellrunner Village Bus Limited
Notes to the Financial Statements forthe Year Ended 31 December 2024
continued
Donalions and legacies
Unrestricted Restricted Totsl Funds Total Funds
Funds
Fund8
2024
2023
Donation$ and legacies
Appeals and donations
13,213
13,213
16,463
Grants
Westmorland and Furness
8SOG fuel rebates
Penrith Town Council
6,900
5,803
3,000
15,703
15,000
21,900
5,803
3,000
30,703
15,000
3,000
20,846
15,000
28,916
15,000
43,916
37,309
Of Ihe donations and legacies income in 2023. £22,309 related to unrestricted funds and £15,000 related to
restricted funds.
Investments
Unrestricted Restricted Total Funds Total Funds
Funds
Funds
2024
2023
Interest on cash deposits
1,665
1,665
1,162
All of the investments income in 2023 related to unreslricled lunds.
Charitable activities
Unrestricted Restricted Totsl Funds Total Funds
Funds
Funds
2024
2023
Operation of bus service
Private hire and excursions
27,817
17,238
45,055
27,817
17,238
45,055
31,486
16,875
48,361
All of the income from charitable activities in 2023 related lo unrestricted funds.
Page 12

The Fellrunner Village Bus Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
. continued
Expenditure
Opèration of
bus Service
Total
2024
Totsl
2023
Direct costs
Training
Insurance
Sundry expense5
Driver5 incidentals
Fuel
Garaging
Maintenance
Fleet management
Advertising
Depreciation
751
7,196
3.303
1,165
12,533
3.120
16,835
3,941
96
37.495
86,435
751
7.196
3,303
1,165
12,533
3,120
16,835
3,941
96
37,495
86,435
1,294
3,119
4.167
1.483
14,692
3,180
9,854
3,401
787
22,204
64,181
Support costs
PhoF)e and IT
Accountancy fees
Independent examinerfs fee
Bank charges
785
2,560
630
191
4.166
785
2,560
630
191
4.166
476
3,029
600
197
4,302
90,601
90,601
68.483
Of the expenditure in 2023, £67,696 related to unrestricted funds and £787 related to restricted funds.
Governance costs
2024
2023
Accountancy fees
Independent examineff s fee
2,560
630
3,190
3,029
600
3,629
Tru8tee8' remuneration and expenses
During the year 6 trustees (2023 - 31 received reimbursement of expenses amounting to £567 {2023
£1,743)
Page13

The Fellrunner Village Bus Limited
Notes to the Financial Stalements for the Year Ended 31 December 2024
continued
Net income
Net income is staled after charging..
2024
2023
Depreciation of tangible fixed assets
37.495
22,204
Page 14

The Fellrunner Village Bus Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
continued
Tangible fixed assets
Plant and
machinery
Including motor
vehicles
Computer
equipment
Totsl
Cos1
As at 1 January 2024 and 31 Oecember 2024
281,586
1,373
282,959
D8preciation
As at 1 January 2024
Charge for Ihe year
As at 31 December 2024
131,804
37,389
169,193
950
106
1,056
132,754
37,495
170.249
Nel book value
As at 31 December 2024
As at 31 December 2023
112,393
149,782
317
112,710
150.205
423
10 Debtors
2024
2023
Other debtors
Prepayments and accrued income
4,650
3,877
8,527
6,780
4.035
10,815
11 Creditors: Amounts falling due within one year
2024
2023
Olher creditors
Accruals and deferred income
1,271
5.488
6,759
2,218
4,602
6,820
12 Members. liability
The charity is a private company. limited by guarantee and consequently does not have share capital. Each
of the members is liable to contribute an amount not ex￿edIng £10 towards the assets of the charity in the
event of liquidation.
Page 15

The Fellrunner Village Bus Limited
Notes to the Financial Slalements for the Year Ended 31 December 2024
continued
13 Related parties
Conlrolling entity
The charity is controlled by the Iruslees who are all directors of the company.
14 Analysis of funds
At31
December
2024
At 1 January
2024
Incomlng
resources
Resources
expended
Transfers
Designated Funds
Replacement bus fund
Fixed assets
40,000
150,205
190,205
20,000
137,4951
117,4951
60,000
112,710
172,710
General Funds
Unrestricted income fund
25,608
75.636
190,6011
17,495
28,138
Restricted Funds
Replacement bus fund
Promotion and publicity
15,000
15,000
3,116
18,116
3,116
3,116
15,000
218,929
90,636
190,601 }
218,964
New bus fund - funds designated towards the purchase of new buses.
Fixed assets - value of unrestricted fixed assets.
Replacement bus fund - is restricted for the purchase of a bus.
Promotion and publicity fund- this is restricted for the promotion of the charity.
Page 16

The Fellrunner Village Bus Limited
Notes to the FinanGial Statements for the Year Ended 31 December 2024
. continued
Prior perlod
At1
January
2023
Incoming
resources
Resources
expended
At31
Decembèr
2023
Transfers
inlloutl
Deslgnatsd Funds
Replacement bus fund
Fixed assets
85,000
145,000>
150.205
105.205
40,000
150,205
190,205
A.4 nn
General Funds
Unrestncted income lund
65,391
71,832
167,6961
143.9191
25,608
Re9tricted Funds
Fixed assets reslricled funds
Replacement bus fund
Promotion and publicity
31,286
15,000
3,903
50,189
{31,286)
{30,QOO)
15.000
17871
17871
3,116
3,116
15,000
161,286)
200,580
88,832
(68,4831
218,929
15 Transfers
A transfer was made from the Fixed assets designated fvnd to unrestricted funds for £37,495. This
represents the movement in the nel book value of the unrestricted fixed assets during the year.
A transfer was made from unrestricted funds to the Replacement Bus designated fund of £20,000 towards
the purchase of a new bus in the future.
Page 17

The Fellrunner Village Bus Limited
Note5 to the Financial Statements for the Year Ended 31 December 2024
. continued
16 Net a8sets by fund
Unrestricted
Funds
Restricted
Funds
Total Funds
2024
Total Funds
2023
Tangible assets
Currenl assets
Creditors.. Amounts falling due
within one year
Nel assets
112.710
94,897
112,710
113,013
150,205
75,544
18,116
(6,7591
200,848
16,7591
218,984
{6,820)
218,929
18,116
Prlor perlod
UnTrstricted
Funds
Restricted
Funds
Total Funds
2023
Total Funds
2022
Tangible assets
Current assets
Creditors.. Amounts falling due
within one year
Net assets
150,205
72,428
150,205
75,544
{6,820}
218.929
72,285
130.133
{1,8381
200,580
3,116
16,820>
215,813
3,116
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