2021-03-31-accounts - West Norfolk Community Transport Project

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

			Mr N C Smith
			Mr P Brown
			Mrs P French
			Mr KL Shayshutt
			Mr C E Suclding
			Mrs S M Fraser
Charity	number		1069180
Company		number	02922015
Principal	address		Unit 7 8 8 Merchants		Close
			Oldmedow Road
			King's Lynn
			Norfolk
			PE304JX
Registered address			Unit 7 &8 Merchants		Close
			Oldmedow Road
			King's Lynn
			Norfolk
			PE304JX
Auditor			Mapus-Smith	8 Lemmon		LLP
			48 King Street
			King's Lynn
			Norfolk
			PE30 1HE
Bankers			Lloyds Bank
			3 North Bank
			Wisbech
			Cambridgeshire
			PE13 1JT
Solicitors			Ward Gethin	Archer
			10Tuesday	Market	Place
			King's Lynn
			Norfolk
			PE30 1JT

			Page
Trustee report			1 —6
Statement of	Trustee responsibilities
Independent auditor's report			8 —11
Consolidated	statement offinancial	activities	12
Consolidated	balance sheet		13
Consolidated	statement ofcash flows		14
Notes to the financial statements			15—31

			Unrestricted	Restricted	Total	Total
			funds	funds
		Notes	2021 F	2021 f	2021	2020f
Income from:
Donations, Memberships,	Funding 8Grants		587,171	255,170	842,341	238,294
Income from contracts 8	bus fares		1,831,763		1,831,763	2,318,268
Other income			2,448		2,448	4,847
Interest receivable			35		35	98
Total Income received			2,421,417	255,170	2,676,587	2,561,507
~E* dlN
Charitable activities		6	1,953,205	276,932	2,230,137	2,586,364
Taxahon		8	2,254		2,254	716
Total resources expended			1,955,459	276,932	2,232,391	2,587,080
Net (expenditure)/Income	for the year/
Net movement In funds			465,958	(21,762)	444,196	(25,573)
Fund balances at 1 April	2020		1,045,343	89,505	1,134,848	1,160,421
Fund balances at 3'I March 2021			1,511,301	67,743	1,579,044	1,134,848

						Group	Group	Charity	Charity
					Notes	2021 8	2020f	2021	2020 8
Fixed assets
Tangible assets					11	1,555,482	1,710,228	1,547,107	1,710,228
Investments					12			100	100
						1,555,482	1,710,228	1,547,207	1,710,328
Current assets:
Debtors					13	431,131	377,896	241,951	309,482
Cash at bank and in		hand				733,310	215,560	583,701	125,838
						1,164,441	593,456	825,652	435,320
Creditors:	amounts	falling		due within one	17	(724,038)	(536,417)	(391,346)	(381,549)
Net current assets						440,403	57,039	434,306	53,771
Total assets less current			liabilities			1,995,885	1,767,267	1,981,513	1,764,099
Creditors: one year	amounts	falling		due after more	than 18	(415,250)	(832,419)	(415,250)	(632,419)
Provisions	for liabilities					(1,591)
Net assets						1,579,044	1,134,848	1,566,263	1,131,680
income funds
Restricted	funds				20	87,743	89,505	67,743	89,505
Unrestricted	funds				21	1,511,301	1,045,343	1,498,520	1,042, 175
						1,579,044	1,134,848	1,566,263	1,131,680

					2021	2020
				Notes	8	F
Cash flows from operating	actlvifies
Cash generated from operations Interest paid Income taxes paid				25	758,131 (4,013) ~16	263,601 ~28
Net cash inflow from operating		activities			753,402	263,573
Investing activities
Purchase oftangible fixed assets					(16,344)	(134,168)
Proceeds on disposal oftangible		fixed
assets					4,727	179
Interest received					35	98
Net cash used in Investing	activities				(11,582)	(133,891)
Financing activities
Repayment ofbank loans					(19,852)	(20,204)
Proceeds ofobligations under finance leases						121,331
Payment ofobligations under finance leases					(204,218)	(195,674)
Net cash used In financing	activities
					(224,070)
Net increase in cash and cash		equivalents			517,750	35,135
Cash and cash equivalents	at beginning		ofyear		215,560	180,425
Cash and cash equivalents	at end of		year		733,310	215,560

	Donations, Membership,	Funding	Funding
				Unrestricted Restricted			Total	Unrestricted
					funds	funds		funds
					2021	2021	2021	2020
					6	5	5
	Donations and gifts				175		175	374
	Funding &grants Membership fees				586,516 480	255,170	841,686 480	233,730 4,190
					587,171	255,170	842,341	238,294
	Donations and gifts
	Main Project donations received				175		175	374
					175		175	374
	Grants receivable for core activities
	Norfolk Health Authority				26,014		26,014	26,014
	Shopmobility - B.C.KLW.N Travel &Transport Services - NCC				24,988 97,508		24,988 97,508	24,998 112,754
	HMRC - CJRS Grants					255,170	255,170
	Dial A Bus Scheme —B.C.KL.W.N				64,689		64,689	64,689
	CBSSG LTA and National funding				368,430		368,430
	Shopmobilily - other				67		67	350
	Swafiham - including NCC &Breckland council funding				4,820		4,820	4,925
					586,516	255,170	841,686	233,730
3	Income from contracts	&bus fares
			Busfares		Contracts		Total Total
			Charity	WNCT Ltd	Charity	WNCT Ltd	Group 2021 Group 2020
			6		5		5 5
	Services provided under contract		23,136	341,040	473,095	994,492	1,831,763 2,318,268

Unrestricted	Total
funds Charity
2021	2020
8	f
2,448	4,847

Unresbicted	Total
funds
Charity
2021	2020
35	98

Charitable a	ctivi	ties
				Cost of	Cost	of		Cost		of	Cost of	Total for	Total for
				operations	operations		at	operations			operations	2021	2020
				at Main	Shopmobility			at	Go	To	at
				Project				Town			Swafltiam
								(WNCT Ltd)
				2021			2021			2021	2021
Staff costs				550,274					707,986		124,634	1,382,894	1,513,010
Depreciation				154,334								154,334	112,703
Travel expenditure				109							64	173	165
Insurance				29,753		1,591				80,635	13,461	125,440	118,693
Private travel	arrangements			1,944						30	115	2,089	64,444
Vehide rental				51,693								51,693	18,151
Vehicle equipment		rental								19,582		19,582
Vehicle fuel				19,288					141,948			161,236	320,191
Vehicle maintenance				81,620							11,463	93,083	197,B19
Licences				5,992						900		6,892	16,862
Equipment maintenance				12,228			138					12,366	8,228
Training				5,750						4,301		10,051	24,541
Uniforms				2,182						2,436		4,618	5,629
Vehide deaning		coals								7,040		7,040
Bus station bay rental										15,590		15,590	4,525
Profit and loss on sale of				(475)								(475)	(1,588)
assets
				914692		1729			990449		149737	2046606	2403173
Share ofsupport		costs (see		127,138		7,209			19,878		10,331	164,556	152,132
note 7)
Share ofgovernance			costs	13,225						5,750		18,975	31,059
(see note 7)
				1,055,055		8,938			1,006,07B		160,068	2,230,137	2,586,364
Analysis by	fund
Unrestricted	funds			890,155		8,938			911,993		142,119	1,953,205	2,563,988
Restricted funds				164,900					94,083		17,949	276,932	22,376
				1,055,055		8,938			1,006,076		160,068	2,230,137	2,586,364
For the year	ended		31 March 2020
Unrestricted	funds			1,276,749		19,063			940,432		327,744		2,563,988
Restricted funds				22,376									22,376
				1,299,125		19,063			940,432		327,744		2,586,364

Support costs
				Support	Governance	2021	2020
				costa	costa
				6	6
Recruitment and other stalf costs				4,5B7		4,567
Depreciation				12,506		12,506	20,317
Operating lease charges				22,135		22,135	20,316
Telephone, postage &stationery		(combined)		24,063		24,0B3	29,829
Computer maintenance				3,23B		3,236	2,379
Rent &premises expenses				19,091		19,091	17,471
Sundry —inc bad debt write off and covid compliance				16,372		16,372	12,274
Bank charges 8 Bnance costs				75		75	75
Bank charges &finance costs —WNCT Ltd				6,009		6,009	4,093
Credit card charges				371		371
Legal 8 professional fees (combined)				34,221			19,944	'
Marketing —WNCT Ltd				4,370		4,370	4,209
Shopmobility management	8 administration		costs	7,209		7,209	6,478
Swaffham 8 Flexibus management		8 adminislrabon
costs				10,331		10,331	14,747
Audit fees (see note below	for WNCT Ltd split)				18,975	18,975	31,059
				164,556	18,975	183,531	183,191
Analysed between
Charitable activities				164,556	18,975	183,531	183,191

Taxatlon
			Group	Group	Charity	Charity
			2021	2020	2021	2020
			6	8	6	8
UK Corporabon	tax charge on profit	for the		716
yeal
Deferred tax charge on origination		and	1,591
reversal ofiiming differences
			2,254	716

Number ofemployees The average monthly	number ofemployees in the group	during the year was:
		2021	2020
		Number	Number
Drivers (inc patt-time	drivers)	59	69
Passenger assistants		4	4
Trainers			1
Driver mechanics			4
Co-ordinators			1
Chief executive			1
Operational manager			1
Transport manager			1
Finance manager			1
Administrative staff			5
General manager
Finance controller
		75	88
Employment costs		2021 6	2020 6
Wages and salaries		1,282,065	1,401,013
Social security costs		83,646	88,314
Other pension costs		17,183	25,683
		1,382,894	1,513,010

Tangible	fixed	fixed
assets
GROUP
				Buildings	Bus 8	ONce	Motor vehicles	Plant and	Total
					Shopmobigty	equipment		equipment—
					equipment			WNCT Ltd
Cost
At 1 April	2020			497,907	123,028	23,086	2,139,678		2,783,699
Additions					1,153	6,816		8,375	16,344
Disposals
							(90,023)		(90,023)
At 31 March		2021		497,907	124,181	29,902	2,049,655	8,375	2,710,020
Depreciation
At 1 April	2020				57,590	19,600	996,281		1,073,471
Depreciation		charged	in the
period					11,876	1,284	153,680		166,840
Eliminated	in	respect	ofdisposals				(85,773)		(85,773)
At 31 March		2021			69,466	20,884	1,064,188		1,154,538
Carrying	amount
At 31 March		2021		497,907	54,715	9,018	985,467	8,375	1,555,482
At 31 March		2020		497,907	65,438	3,486	1,143,397		1,710,228

		2021	2020
		6	6
Bus and Shopmobility	equipment	23,463	30,771
Motor vehicles		667,227	756,559
		690,690	787,330

Fixed asset	investments
		2021	2020
		6
Investments	in trading subsidiaries	100	100
Movements	in fixed asset investments
			Shares
Cost or valuation
At 31 March	2020		100
At 31 March	2021		100
Carrying amount
At 31 March	2021		100
At 31 March	2020		100

Details ofthe group's su	Details ofthe group's su	bsidiaries at 31 M	bsidiaries at 31 M	arch 2021 are as follows:	arch 2021 are as follows:
Name ofundertaking		Country of		Nature ofbusiness		Class of	'Yo Held
		Incorporation				shareholding	Directlndlrect
		or	residency
WNCT Limited		United		Trading		Ordinary	100.00
		Kingdom
A summary	ofthe subsidiaries		performance		and assets is shown
below:
							Trading	Trading
							2021	2020
							S	K
Income						1,760,645		1,522,909
Expenditure						1,751,032		1,519,858
Surplus/(deficit)							9,613	3,051
Net assets							12,881	3,268

13	Financial	Financial	Instruments	Instruments						2021	2020
										6	8
	GROUP
	Carrying		amount offinancial			assets
	Debt instruments			measured	at	amorbsed	cost			1,035,207	466,542
	Carrying		amount offinancial			liabilities
	Measured		at amortised cost							1,072,699	1,094,639
	Charity
	Carrying		amount	offinancial		assets
	Debt instruments			measured	at	amortised	cost			781,258	365,257
	Canylng		amount	offinancial		liabilities
	Measured		at amorlised cost							733,288	987 971
14	Debtors
								Group	Group	Charity	Charity
								2021	2020	2021	2020
								6	8	6
	Amounts		falling	due within	one year.
	Trade debtors							212,107	214,735	197,557	210,102
	Other debtors							109,106	54,553	19,316	37,946
	Amounts	owed by		subsidiary	undertakings						29,317
	Prepayments and			accrued income				109,918	108,968	25,078	32,117
								431,131	377,896	241,951	309,482

Loans and overdrafis	Loans and overdrafis
			2021	2020
Bank loans			152,772	172,624
Payable	within one year		20,437	19,797
Payable	after one year		132,335	152,827
Amounts	induded above which	fall due after five years:
Payable	by instalments		43,987	77,271

					2021	2020
Within	one	year			197,067	204,608
Within	two	and	five	years	282,915	479,592
					479,982	684,200

				Group	Group	Charity	Charity
			Notes	2021 8	2020 E	2021f	2020
Bankloans			15	20,437	19,797	20,437	19,797
Obligations under finance lease			16	197,067	204,608	197,067	204,608
Other taxation and social security				41,659	58,774	12,666	25,997
Trade creditom				142,504	188,387	60,242	108,866
Amounts owed to subsidiary		undertakings				60,642
Other creditors				24,930	20,556		29,000
Accruals and deferred	income			297,441	44,295	40,292	22,281
				724,038	536,417	391,346	381,549

			Group	Group	Charity	Charity
		Notes	2021 p	2020 8	2021 6	2020f
	Bankioans	15	132,335	152,827	132,335	152,827
	Obligations under finance lease	16	282,915	479,592	282,915	479,592
			415,250	632,419	415,250	632,419
19	Provisions for liabilities
			Group	Group	Charity	Charity
			2021	2020	2021	2020
					8
	Deferred tax liabilities		1,591
			1,591

donations and grants held o	n trust for spectf	ic purposes:
				Movement	In funds
	Balance at 1 Aprn 2010 5	Resources expended f	Balance at 1 April 2020	Incoming resources 5	Resources expended 31 5	Balance at March 2021
Restricted Funds - initial
grant of Swafiham Flyer SN64 FTX	15,309	(3,062)	12,247		(2,448)	9,799
Norfolk County Council-
grant for flexibus fleet vehides	85,716	(17,142)	68,574		(17,142)	51,432
Norfolk County Council-
grant for Swafiham vehidas	10,856	(2,172)	8,684		(2,172)	6,512
CRJS Grants —to meet
furloughed payroll costs				255,170	(255,170)
	111,881	(22,376)	89,505	255,170	(276,932)	67,743

out ofu	nrestricte	d fu	nds by the tr	ustees	for specific pu	rpose	s:
					Balance at 1	Net			Transfers	Balance at 31
					April 2020	expenditure		i'or		March 2021
						the	year
							5
Vehide	renewal	and	replacement	fund	100,000					100,000
General	unrestricted		funds		945,343		465,958			1,411,301
					1,045,343		465,958			1,511,301

Analysis of ne	t assets between funds
		Unrestricted	Restricted	Total	Total
		Group 2021	Group 2021 6	2021 F	2020 f
Fund balances	at 31 March 2021
are represented	by:
Tangible assets		1,487,739	67,743	1,555,482	1,710,228
Current assets/liabilities)		438,812		438,812	57,039
Long term liabilities		(415,250)		(415,250)	(632,418)
		1 511301	67 743	1,579,044	1,134,848

	2021	2020
	6	6
Within one year	56,266	39,347
Between two and five years	176,867	150,479
	233,133	189,826

The remun	eration ofkey management personnel in the	group is as follows.
		2021	2020
		6	6
Aggregate	compensation	139,162	104,207

25	Cash generated from	operations	operations				2021 F	2020 F
	Surplus/(deficit) for the	year					444,196	(25,573)
	Adjustments for.
	Investment income recognised		in statement	offinancial	activities		(35)	(98)
	Depreciation oftangible	fixed	assets				166,840	133,020
	Profit on sale offixed assets						(477)
	Taxabon charged						2,254	716
	Finance costs						4,013
	Movements in working	capital:
	(Increase) in debtors						(23,918)	(8,592)
	increase in creditors						160,277	148,705
	Increase in deferred income						4,981	15,423
	Cash generated from	operations					758,131	263,601
26	Analysis ofchanges In net (debt)/funds
						At 1 April 2020	Cash flows	At 31 March
							6
	Cash at bank and in hand					215,560	517,750	733,310
	Loans falling due within	one year				(19,797)	(640)	(20,437)
	Loans falling due after	more than one year				(152,827)	20,492	(132,335)
	Obligations under iinance leases					(684,200)	204,218	(479,982)
						(641,264)	741,820	100,556