## ||||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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2||Donations,
Membership,|Funding|Funding|&Grants|||||| |---|---|---|---|---|---|---|---|---|---|---| |||||||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| ## ## ## |7|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| ## ## |11|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| ## ## ## |12|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| ## ## ## |15|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|